2019-04-05T12:21:16-05:00 2018-06-30 363990892 Capin Crouse LLP 125 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2017-07-01 580685908 Toccoa Falls College Inc TOCC 7068866831 107 Kincaid Drive Toccoa Falls GA 305980013 Dee Mooney VP for Finance 7068866831 2019-04-05 1 David C Moja P00747006 6785185301 139.146.132.42 2019-04-05 13:21:05 ED P FB151C9A8A1EFBF368EB57760EDE32B9F6A9A6EE 2B74720B0D43F220E4F8660E8A4CBD6AB3B14AF0 2017 2019-02-21 02:37:17Z Dr Robert M Myers 107 Kincaid Drive Toccoa Falls GA 305980013 23579555 0 X https://tfc.edu X 1911 GA Providing undergraduate college education and Christian ministries on a residential campus. 18 18 597 40 139225 47819 1604792 1077469 20372069 21864607 1960192 231534 236364 405945 24173417 23579555 6444882 6768205 0 0 7802629 8692686 0 0 410567 6566614 6186801 20814125 21647692 3359292 1931863 27450086 28554080 7827562 7127548 19622524 21426532 The mission of Toccoa Falls College is to glorify God through seeking and developing Christian servant leaders who will impact their world with the love and message of Jesus Christ. 0 0 19100209 6768205 22131327 Toccoa Falls College offers undergraduate programs in 34 majors and 41 minors to approximately 1,865 residential, commuter, and online students. The College provides the campus community with food services, residential housing, and a college bookstore. Also, Toccoa Falls College offers student counseling and career placement, student activities and student government, intramural recreation, and various other student experiences as co-curricular to their academic experience. 19100209 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1872 0 1 597 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 0 0 GA X Gregg Schulte 7068866831 107 Kincaid Drive Toccoa Falls GA 305980013 John Allen Chairman 1.00 X X 0 0 0 Janet Webb Vice Chairwoman 1.00 X X 0 0 0 Jeffery Norris Secretary 1.00 X X 0 0 0 David Fugett Trustee 1.00 X 0 0 0 Charles Hughes Trustee (part year) 1.00 X 0 0 0 Charles Moseley Trustee 1.00 X 0 0 0 David Smith Trustee 1.00 X 0 0 0 Floyd Wheeler Trustee 1.00 X 0 0 0 George Woerner Trustee 1.00 X 0 0 0 Debra D Ferrell Trustee 1.00 X 0 0 0 Michael D Noel Trustee 1.00 X 0 0 0 Lantzia C Thao Trustee 1.00 X 0 0 0 Sheila Ray Trustee 1.00 X 0 0 0 Pat Heaton Timms Trustee (part year) 1.00 X 0 0 0 Phil Hagar Trustee 1.00 X 0 0 0 Willie Woodruff Trustee 1.00 X 0 0 0 Ron Cantrell Trustee 1.00 X 0 0 0 Brian Bojo Trustee 1.00 X 0 0 0 James K Dew Trustee 1.00 X 0 0 0 C David Markle Trustee 1.00 X 0 0 0 Robert Myers President 40.00 X 160286 0 35166 Gregg Schulte VP Business & Finance 40.00 X 64027 0 22682 Brian Shelton VP of Academic Affairs/Pro 40.00 X 96381 0 33647 320694 0 91495 1 0 1 0 Chartwells Dining Services PO Box 417632 Boston MA 022417632 Food Services 1637426 Ron Cantrell Construction Inc 1473 Helen Hwy Cleveland GA 30528 Construction 245463 Laerdal Medical Corporation Lockbox 784987 Philadelphia PA 191784987 Nursing Supply 143489 Clark Communications 2 Westside Drive Asheville NC 28806 Printing/Mailing 142249 4 150904 286510 640055 1077469 Tuition and fees 900099 17688607 17688607 Auxiliary enterprises 900099 3837694 3837694 Conference fees 900099 338306 338306 21864607 117740 117740 19180 16943 0 0 19180 16943 36123 36123 113794 0 113794 113794 113794 369822 266720 103102 369822 23579555 22131327 139225 231534 6768205 6768205 465572 141642 323930 49470 44456 5014 6150753 5517629 490087 143037 135448 121125 10769 3554 1437161 1122033 282796 32332 454282 404311 40885 9086 5660 2050 3610 73803 73803 47173 21000 3313 22860 88716 62145 779 25792 433076 279352 70934 82790 216630 108315 108315 1196746 1101645 86956 8145 264713 185641 44328 34744 167061 161910 5151 635003 589398 40454 5151 158590 14680 143910 Auxiliary Operations 1846933 1846933 1052697 769649 245123 37925 21647692 19100209 2136916 410567 3283 3283 4947020 6275784 6000 6000 983927 986837 193956 132813 359735 265743 32914078 15770095 17387489 17143983 2954723 3231536 73054 74614 162471 150967 378428 282520 27450086 28554080 276748 297057 924540 798970 5850176 5507350 776098 524171 7827562 7127548 X 14285993 16002214 2155781 2222023 3180750 3202295 19622524 21426532 27450086 28554080 1931863 -127855 0 X X 0 1 X 1 1 1 X 1699414 1582438 2003602 1604792 1077469 7967715 1699414 1582438 2003602 1604792 1077469 7967715 1001304 6966411 70891 78592 85760 87959 117740 440942 29204 9261 27550 49135 115150 373722 375153 371349 236364 405945 1762533 10286340 99111727 0.67720 0.70880 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous - 2013 Amount: $ 373,722. 2014 Amount: $ 375,153. 2015 Amount: $ 371,349. 2016 Amount: $ 236,364. 2017 Amount: $ 405,945. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. 38500 X 0 2834401 246545 95120 83245 3092821 2650806 63000 204968 84373 2834401 2589694 89122 -28010 2650806 2510049 7630 22015 -50000 2589694 2281702 12200 216147 2510049 1.00000 1 0 427125 427125 25108091 9930817 15177274 6298234 4845826 1452408 1080628 993452 87176 17143983 Student deposits 308792 Annuities payable 184864 Capital Lease Obligation 30515 524171 16683495 -127855 -127855 16811350 6768205 6768205 23579555 14879487 0 14879487 6768205 6768205 21647692 Part III, Line 4: The collection is a set of audobon prints which are being held on display in the outdoor education center. Part V, Line 4: Primarily scholarships Part XI, Line 4b - Other Adjustments: Student Aid 6,768,205. Part XII, Line 4b - Other Adjustments: Student Aid 6,768,205. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The College's nondiscriminatory policy is clearly communicated with prospective students through College publications, catalog, and website. Schedule E, Part I, Line 6 Toccoa Falls College received federal awards restricted for financial aid. The monies are awarded through federal programs and is required to comply with various regulations related to those funding programs. 1 Scholarships 919 6768205 Part I, Line 2: The financial aid planning office at Toccoa Falls College requires students to complete the Free Application for Federal Student Aid (FAFSA) form to determine eligibility for federal, state and institutional grants, scholarships and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the College does require some other guidelines in the event that funds are offered based upon certain academic credentials or performance in a College sponsored activity or athletic event. These credentials are clearly stated in the College catalog and the College website. Enrollment and eligibility are monitored by the College to ensure students remain eligible for funds awarded. Scholarships are applied directly to the student accounts. 1 X X X 0 0 0 0 0 0 0 0 0 Robert Myers President 144939 0 12767 0 2580 0 6668 0 28618 0 195572 0 0 0 A Stephens County Development Authority 581024352 2006-02-01 9048821 Refinance 1 0 0 A 8817921 231000 1 0 1 1 A 0 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 1 A 0 4000 Merit based assistance Education Sally Shelton Family member of Officer, Brian Shelton 44456 W-2 wages 0 Form 990, Part VI, Section A, line 1 The Executive Committee of the Trustees consists of the Officers of the Trustees and the Chairmen of the standing committees. It is empowered to transact business for the Board of Trustees in its regular meetings and to transact such other business as necessary between regularly scheduled meetings of the Board of Trustees. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. Form 990 is then reviewed in detail by top management at the College. Board members are also give a copy prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Conflict of interest questionnaires are signed anually be each board member. Going forward, officers will also sign annual statements. The signed statements are reviewed by either the Board Chair or the Executive Committee. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. It would also be addressed by either the Board Chair or the Executive Committe. Form 990, Part VI, Section B, line 15a Line 15a: The compensation of the President is reviewed annually by the Board of Trustees which uses information from survey data of comparable institutions and information on other institutions' 990 Forms. The salary is then approved by the Board of Trustees and documented in the minutes. Line 15b: The President approves compensation of other officers. Going forward, comparability data will be used. Form 990, Part VI, Section C, line 19 Toccoa Falls College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XII, Line 2c: The College has a Board of Directors that assumes responsibility for oversight of the audit. No oversight process or selection process was changed during the tax year.