2025-11-10T11:56:35-06:00 2025-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2024-07-01 620476661 TENNESSEE WESLEYAN UNIVERSITY TENN 4237465208 204 EAST COLLEGE STREET ATHENS TN 37303 GAIL HARRIS V.P. FOR FINANCIAL AFFAIRS 4237465208 2025-10-30 1 1 ADAM OSBORNE CPA P01215413 4237567771 2025-10-30 2024 2025-03-06 01:10:19Z GAIL HARRIS 204 EAST COLLEGE STREET ATHENS TN 37303 38872571 0 X WWW.TNWESLEYAN.EDU X 1857 TN FOUR-YEAR LIBERAL ARTS COLLEGE 22 22 419 0 0 0 7265485 4219743 29207617 32763103 1102971 826172 593263 762618 38169336 38571636 11673372 12852701 0 0 10698911 11824641 0 0 327357 11777842 12467033 34150125 37144375 4019211 1427261 53797589 55543770 26523704 26080988 27273885 29462782 X TENNESSEE WESLEYAN UNIVERSITY SEEKS WITHIN THE FRAMEWORK OF THE JUDEO-CHRISTIAN TRADITION TO PROVIDE FOR STUDENTS THE HIGHEST QUALITY EDUCATIONAL EXPERIENCE; TO PROMOTE PERSONAL RESPONSIBILITY, INTEGRITY, AND PURPOSE; AND TO PREPARE STUDENTS FOR A LIFE OF LEADERSHIP AND SERVICE IN AN EVER-CHANGING GLOBAL COMMUNITY. 0 0 22894688 12852701 33525721 INSTRUCTIONAL - ENROLLED AND EDUCATED OVER 1000 STUDENTS. 557100 ACADEMIC SUPPORT - INCLUDES THE FUNDS SPENT IN SUPPORT OF THE COLLEGE'S LIBRARY AND OTHER SIMILAR ACTIVITIES. 7281195 STUDENT SERVICES - INCLUDES THE FUNDS ASSOCIATED WITH THE SUPPORT OF THE COLLEGE'S STUDENTS ACADEMICS AND RELATED STUDENT ACTIVITIES. 30732983 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 104 0 1 419 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 TN X GAIL HARRIS 4237465208 204 EAST COLLEGE STREET ATHENS TN 37303 HONORABLE JERRI S BRYANT CHANCELLOR 1.00 X 0 0 0 NAN RILEY JENNE BOARD MEMBER 1.00 X 0 0 0 ALLEN F CARTER VICE CHAIR 1.00 X 0 0 0 CHRIS ADAMS BOARD MEMBER 1.00 X 0 0 0 JEFFREY L CUNNINGHAM BOARD MEMBER 1.00 X 0 0 0 MARILYN MILLER BOARD MEMBER 1.00 X 0 0 0 RANDY MULLINS BOARD MEMBER 1.00 X 0 0 0 WILLIAM P WEBB BOARD MEMBER 1.00 X 0 0 0 BEV LINER STANSELL BOARD MEMBER 1.00 X 0 0 0 MARK WHITE BOARD MEMBER 1.00 X 0 0 0 JIM WINER BOARD MEMBER 1.00 X 0 0 0 PAUL G WILLSON BOARD MEMBER 1.00 X 0 0 0 BROOKLYN INGRAM-NELSON BOARD REPRESENTATIVE 1.00 X 0 0 0 JACK SEITZ BOARD REPRESENTATIVE 1.00 X 0 0 0 REV DR VANT HARDAWAY HONORARY TRUSTEE 1.00 X 0 0 0 MR RICK LAY SECRETARY 1.00 X 0 0 0 THE HONORABLE CARL E COLLOMS BOARD MEMBER 1.00 X 0 0 0 REV CHRISTOPHER BLACK BOARD MEMBER 1.00 X 0 0 0 ROBERT GOODFRIEND CHAIR 1.00 X 0 0 0 SHIRLEY WOODCOCK BOARD MEMBER 1.00 X 0 0 0 JASON ROBERTSON BOARD MEMBER 1.00 X 0 0 0 MATTHEW PINSON BOARD MEMBER 1.00 X 0 0 0 JOHN G REID BOARD MEMBER 1.00 X 0 0 0 DR CLAIRE W TUCKER BOARD MEMBER 1.00 X 0 0 0 TYLER S FORREST PRESIDENT 40.00 X 313136 0 18670 DG WILLHITE VPAA 40.00 X 150044 0 12183 MARTHA G HARRIS VP OF FINANCE 40.00 X 123499 0 11644 SCOTT A MASHBURN VP OF STUDENT LIFE 40.00 X 114725 0 11251 MARTHA E MADDOX PROFESSOR OF BUSINESS ADMINISTRATION 40.00 X 103659 0 9827 STACY J SWAFFORD ASSOCATE PROFESSOR OF BUSI 40.00 X 160939 0 8690 STEPHANIE SMALLEN VP FOR INSTITUTIONAL EFFEC 40.00 X 120398 0 10529 ANNE M MONTGOMERY ASSOCIATE PROFESSOR OF BUS 40.00 X 119482 0 8690 LISA D VESSER ASSOCIATE PROFESSOR OF NUR 40.00 X 116713 0 10370 STEDMON D HOPKINS ASSISTANT PROFESSOR OF OCC 40.00 X 113064 0 10791 1435659 0 112645 10 0 1 0 ARAMARK CORP 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 1588734 NATIONAL MANAGEMENT RESOURCES CORP PO BOX 1224 LA GRANGE GA 30241 MAINTENANCE 851731 ATHENS UTILITY BOARD 100 NEW ENGLEWOOD RD ATHENS TN 37303 UTILITIES 693037 WRIGHT SPECIALTY INSURANCE 900 STEWART AVE STE 600 GARDEN CITY NY 11530 INSURANCE 356368 WEBB PLUMBING & ELEC CORP 1418 S WHITE STEET ATHENS TN 37303 UTILITIES 330141 5 308156 3911587 124049 4219743 TUITION 611310 29248619 29248619 RESIDENCE HALL 721310 2113521 2113521 FOOD SERVICE 722210 1345006 1345006 CAMPS AND CONFERENCES 900099 55845 55845 BOOKSTORE 459210 112 112 32763103 469794 469794 657313 300935 356378 356378 356378 ALL OTHER REVENUE 611600 505118 505118 FORT SANDERS NURSING SUPPLEMENT 611600 257500 257500 762618 38571636 33525721 0 826172 X 12852701 12852701 9742577 7713577 1875818 153182 322002 228363 69477 24162 854857 629626 205389 19842 905205 742269 129705 33231 8755 8755 86933 86933 114347 114347 621707 461745 148972 10990 745439 745439 1920254 1645802 274452 CONTRACTED SERVICES 3038786 2151944 875426 11416 UTILITIES 757541 686121 71420 FACILITY FEES 558369 558369 MAINTENANCE AND REPAIRS 508634 434425 74209 4106268 2628041 1412448 65779 37144375 30732983 6084035 327357 1301 1302 2713844 2773162 2399670 2987524 1013689 963060 2800 5850 9663 10600 142763 124133 54196261 27000456 27139595 27195805 18064301 19620135 2309963 1862199 53797589 55543770 887039 862581 938655 1613092 21879482 21433565 2818528 2171750 26523704 26080988 X 3279340 2840391 23994545 26622391 27273885 29462782 53797589 55543770 X 1427261 657313 104323 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 15182051 534659 307165 16023875 14324720 705771 151560 15182051 13972839 202299 149582 14324720 12514831 1646053 -188045 13972839 12223906 199743 91182 12514831 0 0 1835914 1835914 35506236 14350318 21155918 2880404 2034173 846231 11732938 9065712 2667226 2240769 1550253 690516 27195805 AGENCY FUNDS 309551 LEASE LIABILITY 1862199 2171750 X 26376248 657313 657313 25718935 12852701 12852701 38571636 24291674 0 24291674 12852701 12852701 37144375 PART X, LINE 2: UNCERTAIN TAX POSITIONS THE UNIVERSITY FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES. BASED ON ITS EVALUATION, THE UNIVERSITY HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE UNIVERSITY'S EVALUATION WAS PERFORMED FOR THE TAX YEARS ENDED JUNE 30, 2022 THROUGH JUNE 30, 2025, FOR U.S. FEDERAL INCOME TAX. THESE ARE THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF THE YEAR ENDED JUNE 30, 2025. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS A DISCOUNT TO REVENUE PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS A DISCOUNT TO REVENUE PART VI, LINE 1E OTHER ASSETS CONSIST OF VEHICLES, LIBRARY BOOKS, AND WORK IN PROGRESS. 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 DOES NOT DISCRIMINATE BASED ON ANY FORM IN ACCORDANCE WITH TITLE IX AS DESCRIBED IN ITS STUDENT HANDBOOK AND RESOLUTIONS PREVIOUSLY PASSED. SCHEDULE E, PART I, LINE 6 THE COLLEGE IS APPROVED TO PROVIDE STUDENT ASSISTANCE WITH THE FEDERAL TITLE 4 STUDENT FINANCIAL AID PROGRAMS. 1 FINANCIAL-AID SCHOLARSHIP 890 12852701 1 X X X X 0 0 0 0 0 0 0 0 0 TYLER S FORREST PRESIDENT 263136 0 50000 0 0 0 18670 0 0 0 331806 0 0 0 STACY J SWAFFORD ASSOCATE PROFESSOR OF BUSI 160939 0 0 0 0 0 8690 0 0 0 169629 0 0 0 DG WILLHITE VPAA 150044 0 0 0 0 0 12183 0 0 0 162227 0 0 0 X BUILDING CONSTRUCTION 3 99752 THIRD PARTY APPRAISA X FURNITURE 2 16144 COST OR SELLING PRIC X MATERIALS 2 4163 COST OR SELLING PRIC X ADVERTISING 2 3000 COST OR SELLING PRIC X SPORT TICKETS 1 990 COST OR SELLING PRIC 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FEDERAL FORM 990 IS PRESENTED TO THE VICE PRESIDENT FOR FINANCIAL AFFAIRS WHO REVIEWS TO MAKE SURE NUMBERS ARE CORRECTLY REPORTED. VP FOR FINANCIAL AFFAIRS THEN PRESENTS 990 TO THE FINANCE COMMITTEE FOR REVIEW. THEY WILL THEN VOTE FOR APPROVAL. ONCE APPROVED THE 990 IS PRESENTED TO THE ENTIRE BOARD OF TRUSTEES FOR REVIEW. FINAL APPROVAL IS MADE BY THE BOARD BEFORE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S SALARY IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARY SURVEYS ARE ALSO UTILIZED IN ORDER TO PROVIDE COMPARATIVE DATA FOR REVIEW PRIOR TO APPROVAL. OFFICERS SALARIES ARE SUGGESTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO HIRE DATE. ONCE AN OFFICER IS HIRED, ANY SALARY ADJUSTMENT IS BASED ON MERIT, PERFORMANCE, OR INSTITUTIONAL EMPLOYEE COMPENSATION POOL BUDGET INCREASES. ALL ADJUSTMENTS AFTER INITIAL HIRE MUST BE APPROVED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE ONLY AVAILABLE UPON REQUEST BY THE PUBLIC. FORM 990, PART IX, LINE 24E OTHER GRANT EXPENDITURES: PROGRAM SERVICE EXPENSES 498,133. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 498,133. DUES AND MEMBERSHIPS: PROGRAM SERVICE EXPENSES 139,428. MANAGEMENT AND GENERAL EXPENSES 280,126. FUNDRAISING EXPENSES 7,954. TOTAL EXPENSES 427,508. UNIFORMS AND OTHER SUPPLIES: PROGRAM SERVICE EXPENSES 252,679. MANAGEMENT AND GENERAL EXPENSES 154,284. FUNDRAISING EXPENSES 13,143. TOTAL EXPENSES 420,106. INSTITUTIONAL INSURANCE: PROGRAM SERVICE EXPENSES 323,808. MANAGEMENT AND GENERAL EXPENSES 54,858. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 378,666. ATHLETIC TOURNAMENT EXPENSES: PROGRAM SERVICE EXPENSES 201,867. MANAGEMENT AND GENERAL EXPENSES 67,289. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 269,156. TUITION WAIVER: PROGRAM SERVICE EXPENSES 152,562. MANAGEMENT AND GENERAL EXPENSES 105,017. FUNDRAISING EXPENSES 3,320. TOTAL EXPENSES 260,899. STUDENT ACCT COLLECTION EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 256,447. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 256,447. INSTITUTIONAL ASSESSMENT: PROGRAM SERVICE EXPENSES 234,144. MANAGEMENT AND GENERAL EXPENSES 18,216. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 252,360. STUDENT INSURANCE: PROGRAM SERVICE EXPENSES 166,528. MANAGEMENT AND GENERAL EXPENSES 55,509. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 222,037. CAMPUS SAFETY: PROGRAM SERVICE EXPENSES 158,359. MANAGEMENT AND GENERAL EXPENSES 47,496. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 205,855. STUDENT ACTIVITY EXPENSE: PROGRAM SERVICE EXPENSES 122,268. MANAGEMENT AND GENERAL EXPENSES 36,619. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 158,887. EQUIPMENT: PROGRAM SERVICE EXPENSES 101,291. MANAGEMENT AND GENERAL EXPENSES 31,700. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,991. NETWORKING EXPENSES: PROGRAM SERVICE EXPENSES 98,510. MANAGEMENT AND GENERAL EXPENSES 31,706. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 130,216. COPYING AND PRINTING EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 86,424. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,424. POSTAGE: PROGRAM SERVICE EXPENSES 944. MANAGEMENT AND GENERAL EXPENSES 56,671. FUNDRAISING EXPENSES 1,628. TOTAL EXPENSES 59,243. MEDICAL SUPPLIES: PROGRAM SERVICE EXPENSES 43,052. MANAGEMENT AND GENERAL EXPENSES 14,351. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,403. COMMENCEMENT EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 52,932. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,932. TELEPHONE EXPENSE: PROGRAM SERVICE EXPENSES 176. MANAGEMENT AND GENERAL EXPENSES 52,503. FUNDRAISING EXPENSES 17. TOTAL EXPENSES 52,696. RECRUITMENT EXPENSE: PROGRAM SERVICE EXPENSES 46,071. MANAGEMENT AND GENERAL EXPENSES 4,576. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,647. VEHICLE EXPENSES: PROGRAM SERVICE EXPENSES 24,158. MANAGEMENT AND GENERAL EXPENSES 5,194. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,352. FACULTY DEVELOPMENT: PROGRAM SERVICE EXPENSES 29,297. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,297. ENTERTAINMENT: PROGRAM SERVICE EXPENSES 1,273. MANAGEMENT AND GENERAL EXPENSES 585. FUNDRAISING EXPENSES 25,315. TOTAL EXPENSES 27,173. BANK/CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,603. FUNDRAISING EXPENSES 4,203. TOTAL EXPENSES 25,806. PUBLICATIONS-STUDENT LIFE: PROGRAM SERVICE EXPENSES 1,103. MANAGEMENT AND GENERAL EXPENSES 24,229. FUNDRAISING EXPENSES 432. TOTAL EXPENSES 25,764. COST OF ACCRUED VACATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 25,421. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,421. ATHLETIC TEAM MEALS: PROGRAM SERVICE EXPENSES 16,237. MANAGEMENT AND GENERAL EXPENSES 5,412. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,649. FACULTY/STAFF MEALS: PROGRAM SERVICE EXPENSES 6,401. MANAGEMENT AND GENERAL EXPENSES 9,017. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,418. HOMECOMING EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 9,767. TOTAL EXPENSES 9,767. LIBRARY EXPENSES: PROGRAM SERVICE EXPENSES 6,340. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,340. CHOIR EXPENSES: PROGRAM SERVICE EXPENSES 2,633. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,633. PLANT SUPPLIES: PROGRAM SERVICE EXPENSES 645. MANAGEMENT AND GENERAL EXPENSES 215. FUNDRAI FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUSTS HELD BY THIRD PARTY 104,323. 990 PART XII PAGE 12 LINE 2D THE OVERSIGHT PROCESS OR SELECTION PROCESS FOR THE FINANCIAL AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.