2019-02-25T17:36:06-06:00 2018-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 106 W VINE STREET SUITE 600 LEXINGTON KY 40507 990 2017-07-01 610470593 UNIVERSITY OF THE CUMBERLANDS INC F/K/A CUMBERLAND COLLEGE INC UNIV 6065492200 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 CHRIS ROLPH CFO 6065492200 2019-02-21 1 ALLISON C CARTER P01242412 8592552341 192.243.74.12 2019-02-21 14:10:05 ES P 7A3078556A43B8E022EE4530DB49B4075CEC69B2 10368D4156DF2BC0DB8C6902801B0B78C82933B4 2017 2019-02-21 02:37:17Z CHRIS ROLPH 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 120901822 0 X WWW.UCUMBERLANDS.EDU X 1889 KY PRIVATE BAPTIST UNIVERSITY 26 26 1802 853 0 0 4522489 5504737 81227892 111607484 2831089 3314344 515238 475257 89096708 120901822 19521174 19192350 0 0 28463479 35061826 0 0 1224994 28495588 36345845 76480241 90600021 12616467 30301801 217416067 252310915 49542711 52170823 167873356 200140092 PROVIDING EXCEPTIONAL EDUCATIONAL SERVICES IN A PRIVATE BAPTIST UNIVERSITY ENVIRONMENT 0 0 86154340 19192350 111731067 THE UNIVERSITY PROVIDES EXCEPTIONAL EDUCATIONAL SERVICES IN A PRIVATE BAPTIST UNIVERSITY ENVIRONMENT TO STUDENTS AT LESS THAN THE AGGREGATE COST OF THESE SERVICES. SUCH ACTIVITY IS THE PRIMARY PURPOSE FOR WHICH THE UNIVERSITY WAS FORMED. ATHLETICS, SALES, AND AUXILIARY INCOME IS ALSO AN ESSENTIAL COMPONENT OF THE UNIVERSITY'S PRIMARY EXEMPT PURPOSE OF PROVIDING QUALITY EDUCATIONAL SERVICE. 86154340 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 228 0 1 1802 1 0 0 0 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X THE ORGANIZATION 6065492200 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 PHILLIP ARMSTRONG DIRECTOR 1.00 X 0 0 0 BILL GULLETT DIRECTOR 1.00 X 0 0 0 BILL HACKER DIRECTOR 1.00 X 0 0 0 COOKIE HENSON DIRECTOR 1.00 X 0 0 0 DR ROLAND MULLINS VICE-CHAIR 5.00 X 0 0 0 JOHN STEWART DIRECTOR 1.00 X 0 0 0 DR JOHN MARK TOBY DIRECTOR 1.00 X 0 0 0 DR TONY HANCOCK DIRECTOR 1.00 X 0 0 0 DONNIE PATRICK DIRECTOR 1.00 X 0 0 0 DR CAROLYN PETREY DIRECTOR 1.00 X 0 0 0 PAUL STEELY DIRECTOR 1.00 X 0 0 0 SCOTT THOMPSON DIRECTOR 1.00 X 0 0 0 JON WESTBROOK CHAIR 5.00 X 0 0 0 SAMUEL DAVIES DIRECTOR 1.00 X 0 0 0 DAVID KNOCK DIRECTOR 1.00 X 0 0 0 DAVID LEWIS DIRECTOR 1.00 X 0 0 0 J HUNT PERKINS DIRECTOR 1.00 X 0 0 0 DONNIE RAINS DIRECTOR 1.00 X 0 0 0 LONNIE WALDEN SECRETARY 5.00 X 0 0 0 LAWRENCE BRANDSETTER DIRECTOR 1.00 X 0 0 0 DR PAUL ESTES DIRECTOR 1.00 X 0 0 0 GEORGETTA GANNON DIRECTOR 1.00 X 0 0 0 DR KEITH GANNON DIRECTOR 1.00 X 0 0 0 DR FRENCH HARMON DIRECTOR 1.00 X 0 0 0 LORI LEWIS DIRECTOR 1.00 X 0 0 0 DR DALLAS PETREY DIRECTOR 1.00 X 0 0 0 LARRY COCKRUM PRESIDENT 40.00 10.00 X 623379 0 25759 CHRISTOPHER ROLPH CFO 40.00 10.00 X 143159 0 21696 BARRY VANN DEPARTMENT OF LEADERSHIP STUDIES CHAIR 40.00 X 127999 0 18180 EMILY COLEMAN VP FOR STUDENT SERVICES 40.00 X 133163 0 5316 BARBARA KENNEDY VP ACADEMIC AFFAIRS 40.00 X 146012 0 7724 JERRY JACKSON VP ENROLLMENT AND COMMUNICATIONS 40.00 X 144751 0 9775 DONNIE GRIMES VP INFORMATION TECHNOLOGY 40.00 X 185083 0 18899 1503546 0 107349 7 0 1 0 VESTA TECHNOLOGY SOLUTIONS 4017 FOX MEADOW WAY PROSPECT KY 40059 GRADUATE PROGRAM MARKETING/RECRUITMENT 3143636 PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY SUITE 12 OLATHE KS 66061 FOOD SERVICE VENDOR 2615942 ARAMARK RECEIVABLES LLC 27310 NETWORK PLACE CHICAGO IL 60673 MAINTENANCE AND GROUNDS 2434952 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 SOFTWARE SERVICES 1415341 KEYPATH EDUCATION PO BOX 841142 DALLAS TX 75284 GRADUATE PROGRAM MARKETING 1360405 41 5504737 25516 5504737 TUITION/FEES 611710 101141549 101141549 AUXILIARY ENTERPRISES 611710 9840583 9840583 DEPARTMENTAL SALES/SERVICES 611710 625352 625352 111607484 1486949 1486949 2738 2738 348936 0 348936 348936 348936 1827395 0 1827395 1827395 1827395 OTHER REVENUE 611710 123583 123583 123583 120901822 111731067 0 3666018 X 19192350 19192350 677514 677514 29115610 27485730 884804 745076 607383 592567 14816 2534486 2358619 110452 65415 2126833 1962416 109991 54426 14743263 14325309 336609 81345 1556877 1531865 396 24616 1180784 1053889 34478 92417 730076 658760 71316 2248362 2083238 165124 2121737 1979790 55423 86524 853952 853952 4987343 4987343 785207 198839 586368 WORK STUDY 1430506 1382919 34046 13541 PROGRAM PROJECTS 1064071 1062243 1828 SMALL EQUIPMENT/FURNISH 816043 816043 BANK FEES 795500 795500 3032124 2832968 152338 46818 90600021 86154340 3220687 1224994 12980668 21050037 215350 57405 6339659 13540739 12694611 13201260 15419 14701 3000 152745779 49354142 101791964 103391637 43376603 56661025 40001793 44391111 217416067 252310915 3425856 7498022 5241643 9631908 35229100 30840873 5646112 4200020 49542711 52170823 X 97461245 122484089 10302560 16050249 60109551 61605754 167873356 200140092 217416067 252310915 X 30301801 296816 1668119 X X 0 1 X 1 1 1 X 1475601 X 0 81621812 807512 5000113 1559425 85870012 77862197 689734 6285407 3215526 81621812 83372590 1271693 -1763681 4739400 279005 77862197 85017811 561712 -2206933 83372590 80189175 872365 3956271 85017811 0.14640 0.71510 0.13850 1 0 21026258 21026258 102456313 33397012 69059301 10694483 6054991 4639492 12447984 9221316 3226668 6120741 680823 5439918 103391637 INVESTMENTS 19397660 F MORGAN STANLEY INVESTMENTS 565804 F FIFTH THIRD BANK INVESTMENTS 36684382 F BERNSTEIN 13179 F 56661025 ASSETS HELD IN TRUST BY OTHERS 18060952 OTHER ASSETS 187818 ASSETS LIMITED AS TO USE 1854240 REAL ESTATE 24288101 44391111 ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 1232923 FEDERAL STUDENT LOAN FUNDS 2144911 DEFERRED COMPENSATION ARRANGEMENT 692691 INTEREST RATE SWAPS 129495 4200020 PART III, LINE 4: THE MUSEUM COLLECTIONS ARE ON DISPLAY AT THE CUMBERLAND INN FOR EDUCATIONAL PURPOSES. 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 UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLISHED IN THE STUDENT HANDBOOK DISTRIBUTED TO STUDENTS AT THE BEGINNING OF EACH SCHOOL YEAR. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM GOVERNMENTAL AGENCIES THAT IT PASSES ON TO ITS STUDENTS IN THE FORM OF SCHOLARSHIPS AND GRANTS. THE UNIVERSITY IS REIMBURSED FOR A PORTION OF FEDERAL WORKSTUDY. 1 SCHOLARSHIPS 2391 19192350 PART I, LINE 2: THE UNIVERSITY HAS POLICIES AND PROCEDURES TO DETERMINE ELIGIBILITY FOR STUDENT FINANCIAL ASSISTANCE AND COMPLIES WITH THE FEDERAL REQUIREMENTS FOR AWARDING STUDENT AID. 1 X X X X X X 0 0 0 0 0 0 0 0 0 LARRY COCKRUM PRESIDENT 623379 0 0 0 0 0 22955 0 2804 0 649138 0 0 0 CHRISTOPHER ROLPH CFO 143159 0 0 0 0 0 6316 0 15380 0 164855 0 0 0 BARBARA KENNEDY VP ACADEMIC AFFAIRS 146012 0 0 0 0 0 6540 0 1184 0 153736 0 0 0 JERRY JACKSON VP ENROLLMENT AND COMMUNICATIONS 144751 0 0 0 0 0 5423 0 4352 0 154526 0 0 0 DONNIE GRIMES VP INFORMATION TECHNOLOGY 185083 0 0 0 0 0 5919 0 12980 0 203982 0 0 0 A CITY OF WILLIAMSBURG 616001930 2015-03-01 10000000 SPORTS FIELD AND WELLNESS CENTER 0 0 0 B CITY OF WILLIAMSBURG 616001930 2015-04-21 6440000 CAMPUS RENOVATION & REPAIR 0 0 0 C CITY OF WILLIAMSBURG 616001930 2015-05-11 10000000 CAMPUS RENOVATION & REPAIR 0 0 0 D CITY OF WILLIAMSBURG 616001930 2015-08-28 10000000 CAMPUS RENOVATION & REPAIR 0 0 0 A 10000000 3228 9996772 2015 0 0 1 1 B 6440000 2011 0 0 1 1 C 10000000 2011 0 0 1 1 D 10001218 1218 2011 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 1 FIFTH THIRD 20.500000000000 0 0 0 0 1 B 0 0 0 0 0 1 FIFTH THIRD 4.500000000000 0 0 0 0 1 C 0 0 0 0 0 1 FIFTH THIRD 12.500000000000 0 0 0 0 1 D 0 0 0 0 0 1 FIFTH THIRD 17.500000000000 0 0 0 0 1 A 0 B 0 C 0 D 0 CAMPUS RENOVATION & REPAIR BONDS THE THREE BONDS ISSUED FOR CAMPUS RENOVATION & REPAIR WERE THE REFUNDING OF OLDER BONDS. THE ORIGINAL PROCEEDS WERE ALL USED FOR CAPITAL RENOVATIONS AND REPAIRS. X MISCELLANEOUS SMALL ITEMS 23 24404 FAIR MARKET VALUE X LIFE INSURANCE PREMIUM 1 1112 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 LORI LEWIS AND DAVID LEWIS HAVE A FAMILY RELATIONSHIP. GEORGETTA GANNON AND DR. KEITH GANNON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO ALL BOARD OF DIRECTORS AND MANAGEMENT. PRIOR YEARS MAY ALSO BE VIEWED THROUGH GUIDESTAR'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE FORMS ARE DISTRIBUTED TO THE BOARD OF TRUSTEES AND TO FACULTY AND STAFF. THESE DISCLOSURES ARE REVIEWED ANNUALLY FOR CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE UNIVERSITY IS REVIEWED ANNUALLY BY THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES, WHICH RECOMMENDS THE COMPENSATION AND BENEFIT LEVELS TO THE FULL BOARD. ALL MANAGEMENT PERSONNEL ARE REVIEWED BY THE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND AT THE DISCRETION OF THE BOARD OF DIRECTORS AND MANAGEMENT. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 14,325,309. MANAGEMENT AND GENERAL EXPENSES 336,609. FUNDRAISING EXPENSES 81,345. TOTAL EXPENSES 14,743,263. FORM 990, PART XI, LINE 9: ACTUARIAL LIABILITY 231,048. UNREALIZED GAIN ON INTEREST RATE SWAP 957,304. GAIN/LOSS - FUNDS HELD IN TRUST 479,767. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CUMBERLAND WELLNESS PROPERTIES INC 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 261289884 LEASES EDUCATIONAL PROPERTY TO UNIVERSITY OF THE CUMBERLANDS, INC. KY 501(C)(3) LINE 12C, III-FI UNIVERSITY OF THE CUMBERLANDS INC 1 MOUNTAIN OUTREACH PROGRAM INC 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 611278580 CONSTRUCT HOUSING FOR NEEDY FAMILIES KY 501(C)(3) LINE 7 UNIVERSITY OF THE CUMBERLANDS INC 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 CUMBERLAND WELLNESS PROPERTIES INC K 165064 FAIR MARKET VALUE