2018-01-27T14:31:01-06:00 2017-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 106 W VINE STREET SUITE 600 LEXINGTON KY 40507 990 2016-07-01 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 2018-01-23 1 ALLISON C CARTER P01242412 8592552341 23.145.0.124 2018-01-23 09:32:13 ES P 68BE5A8853F1398D10A827FE6DB32A885535AAEE E35CECBEE90691D6FBA454E35FBE2BC59348A3E2 2016 2021-01-29 14:40:06Z CHRIS ROLPH 6180 COLLEGE STATION DRIVE WILLIAMSBURG KY 40769 89096708 0 X WWW.UCUMBERLANDS.EDU X 1889 KY PRIVATE BAPTIST UNIVERSITY 28 28 1794 553 0 0 5705505 4522489 68934871 81227892 3141261 2831089 1222144 515238 79003781 89096708 18781992 19521174 0 0 27827682 28463479 0 0 1137547 25934912 28495588 72544586 76480241 6459195 12616467 203720437 217416067 52815645 49542711 150904792 167873356 PROVIDING EXCEPTIONAL EDUCATIONAL SERVICES IN A PRIVATE BAPTIST UNIVERSITY ENVIRONMENT 0 0 71515886 19521174 81374936 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. 71515886 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 0 0 0 0 0 1 1 0 0 0 1 176 0 1 1794 1 0 0 0 0 0 0 0 0 0 0 X 28 28 1 0 1 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 BILL GULLETT DIRECTOR 2.00 X 0 0 0 BILL HACKER DIRECTOR 2.00 X 0 0 0 CAROLYN PETREY DIRECTOR 2.00 X 0 0 0 COOKIE HENSON DIRECTOR 2.00 X 0 0 0 DALLAS PETREY DIRECTOR 2.00 X 0 0 0 DAVID MYERS DIRECTOR 2.00 X 0 0 0 DONNIE PATRICK DIRECTOR 2.00 X 0 0 0 FRENCH HARMON DIRECTOR 2.00 X 0 0 0 HOWARD MANN DIRECTOR 2.00 X 0 0 0 J HUNT PERKINS DIRECTOR 2.00 X 0 0 0 JOHN MARK TOBY DIRECTOR 2.00 X 0 0 0 JOHN STEWART DIRECTOR 2.00 X 0 0 0 JON WESTBROOK CHAIR 5.00 X 0 0 0 LORI LEWIS DIRECTOR 2.00 X 0 0 0 OSCAR HORNSBY DIRECTOR 2.00 X 0 0 0 PAUL ESTES DIRECTOR 2.00 X 0 0 0 PAUL STEELY DIRECTOR 2.00 X 0 0 0 PHILLIP ARMSTRONG DIRECTOR 2.00 X 0 0 0 RICHARD KNOCK DIRECTOR 2.00 X 0 0 0 ROLAND MULLINS VICE-CHAIR 5.00 X 0 0 0 SCOTT THOMPSON DIRECTOR 2.00 X 0 0 0 TONY HANCOCK DIRECTOR 2.00 X 0 0 0 LONNIE WALDEN SECRETARY 5.00 X 0 0 0 SAMUEL DAVIES DIRECTOR 2.00 X 0 0 0 DAVE HUFF DIRECTOR 2.00 X 0 0 0 DAVID KNOCK DIRECTOR 2.00 X 0 0 0 DAVID LEWIS DIRECTOR 2.00 X 0 0 0 DONNIE RAINS DIRECTOR 2.00 X 0 0 0 CHRIS ROLPH CFO 40.00 X 124421 0 9653 LARRY COCKRUM PRESIDENT 40.00 X 218769 0 18936 BARBARA KENNEDY VP ACADEMIC AFFAIRS 40.00 X 142202 0 7634 DONNIE GRIMES VP INFORMATION TECHNOLOGY 40.00 X 169855 0 18310 JUSTIN HENSLEY NETWORK DIRECTOR/ADJUNCT PROFESSOR 40.00 X 123209 0 15445 JERRY JACKSON VP ENROLLMENT AND COMMUNICATIONS 40.00 X 156858 0 9477 935314 0 79455 6 0 1 0 ARAMARK RECEIVABLES LLC 27310 NETWORK PLACE CHICAGO IL 60673 MAINTENANCE AND GROUNDS 2371672 HACKER BROTHERS INC PO BOX 1448 LONDON KY 40743 CONSTRUCTION SERVICES 2278714 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE VENDOR 2224836 VESTA TECHNOLOGY SOLUTIONS 4017 FOX MEADOW WAY PROSPECT KY 40059 GRADUATE PROGRAM MARKETING/RECRUITMENT 1642133 KEYPATH EDUCATION PO BOX 841142 DALLAS TX 75284 GRADUATE PROGRAM MARKETING 1095444 20 83980 4438509 4522489 TUITION/FEES 611710 69630869 69630869 ROOM/BOARD 611710 8999770 8999770 AUXILIARY ENTERPRISES 611710 2145855 2145855 DEPARTMENTAL SALES/SERVICES 611710 451398 451398 81227892 1179368 1179368 5596 5596 362598 0 362598 362598 362598 1651721 0 1651721 1651721 1651721 OTHER REVENUE 611710 147044 147044 147044 89096708 81374936 0 3199283 X 19521174 19521174 685461 685461 23295112 21738491 860958 695663 518288 484408 18378 15502 2223410 2042426 115623 65361 1741208 1581115 109495 50598 174335 174335 107517 107517 356407 356407 9620557 9463775 83805 72977 1293092 1293092 1406211 1232299 62411 111501 846584 822343 24241 1698277 1698277 1590185 1457944 62847 69394 683230 683230 4367106 4367106 886873 293248 593625 OTHER SCHOLARSHIPS 1417788 1417788 SMALL EQUIPMENT/FURNISH 830504 828526 1900 78 DEPARTMENTAL EXPENSES 457752 457152 600 FOOD COSTS 446840 446840 2312330 1686652 569205 56473 76480241 71515886 3826808 1137547 8487934 12980668 348969 215350 4187072 6339659 10406417 12694611 13580 15419 150008075 48216111 100173957 101791964 40743085 43376603 39359423 40001793 203720437 217416067 3136424 3425856 2562038 5241643 39318937 35229100 20274 7777972 5646112 52815645 49542711 X 87162374 97461245 2750812 10302560 60991606 60109551 150904792 167873356 203720437 217416067 X 12616467 2289036 2063061 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1561301 X 0 77862197 689734 6285407 3215526 81621812 83372590 1271693 -1763681 4739400 279005 77862197 85017811 561712 -2206933 83372590 80189175 872365 3956271 85017811 76737974 479529 2971672 80189175 0.16990 0.73650 0.09360 1 0 20997091 20997091 98020572 31001420 67019152 9769805 5814677 3955128 15019900 11382373 3637527 6200707 17641 6183066 101791964 INVESTMENTS 9092891 F MORGAN STANLEY INVESTMENTS 511679 F FIFTH THIRD BANK INVESTMENTS 33513866 F BERNSTEIN 258167 F 43376603 ASSETS HELD IN TRUST BY OTHERS 13788428 OTHER ASSETS 187818 ASSETS LIMITED AS TO USE 1737446 REAL ESTATE 24288101 40001793 ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 1463971 FEDERAL STUDENT LOAN FUNDS 2310074 DEFERRED COMPENSATION ARRANGEMENT 785268 INTEREST RATE SWAPS 1086799 5646112 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. 1 SCHOLARSHIPS 1327 19521174 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. X X X X X 0 0 0 0 0 0 0 0 0 LARRY COCKRUM PRESIDENT 218769 0 0 0 0 0 10692 0 8244 0 237705 0 0 0 DONNIE GRIMES VP INFORMATION TECHNOLOGY 169855 0 0 0 0 0 5746 0 12564 0 188165 0 0 0 JERRY JACKSON VP ENROLLMENT AND COMMUNICATIONS 156858 0 0 0 0 0 5265 0 4212 0 166335 0 0 0 A CITY OF WILLIAMSBURG 616001930 2013-04-01 3000000 FACILITY IMPROVEMENTS 0 0 0 B CITY OF WILLIAMSBURG 616001930 2015-03-01 10000000 SPORTS FIELD AND WELLNESS CENTER 0 0 0 C CITY OF WILLIAMSBURG 616001930 2015-04-21 6440000 CAMPUS RENOVATION & REPAIR 0 0 0 D CITY OF WILLIAMSBURG 616001930 2015-05-11 10000000 CAMPUS RENOVATION & REPAIR 0 0 0 A 3001815 1815 3000000 2013 0 0 1 1 B 10000000 3228 9996772 2015 0 0 1 1 C 6440000 2011 0 0 1 1 D 10000000 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 20.000000000000 0 0 0 0 1 B 0 0 0 0 0 1 FIFTH THIRD 20.500000000000 0 0 0 0 1 C 0 0 0 0 0 1 FIFTH THIRD 4.500000000000 0 0 0 0 1 D 0 0 0 0 0 1 FIFTH THIRD 12.500000000000 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. A CITY OF WILLIAMSBURG 616001930 2015-08-28 10000000 CAMPUS RENOVATION & REPAIR 0 0 0 A 10001218 1218 2011 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 1 FIFTH THIRD 17.500000000000 0 0 0 0 1 A 0 FORM 990, PART VI, SECTION A, LINE 2 LORI LEWIS AND DAVID LEWIS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE UNIVERSITY'S BY-LAWS WERE UPDATED TO CHANGE THE OFFICER STRUCTURE AND THE SELECTION OF THE PRESIDENT TO INCORPORATE BETTER GUIDANCE FOR FUTURE PRESIDENTS. 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 9,463,775. MANAGEMENT AND GENERAL EXPENSES 83,805. FUNDRAISING EXPENSES 72,977. TOTAL EXPENSES 9,620,557. FORM 990, PART XI, LINE 9: ACTUARIAL LIABILITY 387,986. UNREALIZED GAIN ON INTEREST RATE SWAP 1,675,075. 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 12B, II 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