2017-04-13T14:18:39-05:00 2016-05-31 BKD LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2015-06-01 620481463 WELCH COLLEGE % CRAIG MAHLER WELC 6158445000 PO BOX 479 1045 BISON TRAIL GALLATIN TN 37066 CRAIG MAHLER VP-FINANCIAL AFFAIRS 6158445000 2017-04-12 true Aaron Hershberger P00961884 5136218300 2015 2021-01-29 14:40:06Z X J MATTHEW PINSON PO BOX 479 1045 BISON TRAIL GALLATIN TN 37066 19442138 false 8635 X WWW.WELCH.EDU X 1945 TN WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE. 9 9 243 0 0 1522203 7933064 5273777 5074642 62846 6434432 98323 0 6957149 19442138 1349781 1252299 0 0 2772507 2874766 6000 0 497200 2570406 2923198 6698694 7050263 258455 12391875 13336219 23052886 5952486 2727825 7383733 20325061 WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE. false false 5154355 1252299 5074642 WELCH COLLEGE IS A CHRISTIAN HIGHER EDUCATION INSTITUTION THAT EDUCATES LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE. WE PROVIDE OUR STUDENTS A UNIQUE OPPORTUNITY TO PREPARE FOR LEADERSHIP IN THE PLACE OF SERVICE TO WHICH GOD IS CALLING THEM. WE DO THIS BY TEACHING STUDENTS TO CONFRONT THE INESCAPABLE QUESTIONS OF LIFE FROM THE VANTAGE POINT OF A CHRISTIAN WORLDVIEW, REALIZING THE IMPLICATIONS OF CHRISTIAN FAITH FOR THE WORLD AROUND THEM, FOR THE WHOLE OF LIFE. WELCH COLLEGE SERVED APPROXIMATELY 251 FULL TIME EQUIVALENT STUDENTS FOR THE 2015 FALL SEMESTER. 5154355 true true false false false false false false false true true true false false true true true false true false false false false false false false false false true false false false false false false false false false false false false false false true false false false true 27 0 true 243 true false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false X CRAIG MAHLER 6158445000 PO BOX 479 1045 BISON TRAIL GALLATIN TN 37066 MIKE ARMSTRONG BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 WILL BEAUCHAMP BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 JEFF CRABTREE BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 SHILOH HACKETT BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 BILLY HANNA BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 EDDIE MOODY BOARD OF TRUSTEES 1.0 0.0 X 0 0 0 TERRY PIERCE CHAIRMAN 1.0 0.0 X X 0 0 0 KEN SIMPSON VICE-CHAIRMAN 1.0 0.0 X X 0 0 0 MARK STRIPLING SECRETARY 1.0 0.0 X X 0 0 0 J MATTHEW PINSON PRESIDENT 40.0 0.0 X 71734 0 12624 CRAIG MAHLER VP-FINANCIAL AFFAIRS 40.0 0.0 X 51806 0 4151 GREG KETTEMAN PROVOST 40.0 0.0 X 54260 0 0 JON FORLINES VP-STUDENT SERVICES/DEAN 40.0 0.0 X 42737 0 4151 DAVID WILLIFORD VP-INSTITUTIONAL ADVANCEMENT 40.0 0.0 X 55772 0 8731 GARY FRY VP-CHURCH RELATIONS 40.0 0.0 X 37959 0 5050 314268 0 34707 0 false false false 0 7933064 7933064 TUITION AND FEES 900099 3799434 3799434 DORMITORIES 900099 450356 450356 DINING HALL 900099 664282 664282 OTHER 900099 160570 160570 5074642 -2392 -2392 0 0 0 0 0 6436824 6436824 6436824 6436824 0 0 0 0 19442138 5074642 6434432 0 1252299 1252299 0 0 348975 226834 87244 34897 0 2005495 1303572 501374 200549 0 520296 338192 130074 52030 0 0 0 0 0 0 0 147945 147945 145656 94676 36414 14566 422511 274632 105628 42251 49342 32072 12336 4934 0 870016 565510 217504 87002 202804 131823 50701 20280 0 7760 7760 18764 12197 4691 1876 0 136572 88772 34143 13657 72788 47312 18197 7279 CAMPUS CAFETERIA / DINING HALL 318714 318714 ONLINE & LIFETIME LEARNING FEE 43669 43669 ATHLETICS 124795 124795 INSTRUCTIONAL SUPPLIES 183073 183073 178789 116213 44697 17879 7050263 5154355 1398708 497200 0 0 1577297 8094724 239317 109493 59124 40525 0 0 0 0 46879 11172 0 0 1400 2594 15140446 2936794 9858039 12203652 0 0 1554163 1514493 0 0 0 0 0 1076233 13336219 23052886 162258 2060623 0 0 130109 56734 0 0 0 0 0 0 4546396 331221 127265 125278 986458 153969 5952486 2727825 X 4776115 11105462 806223 6724976 1801395 2494623 7383733 20325061 13336219 23052886 X 12391875 -35107 688910 -104350 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1648773 707084 -102387 98663 -12580 2167387 1599585 58043 58189 53805 13239 1648773 1468170 51861 144616 51823 13239 1599585 1369010 29917 132797 50315 13239 1468170 1344698 155479 -77224 45942 8001 1369010 0.00110 0.97990 0.01900 true true true 30000 3435000 3465000 4496256 315283 4180973 3296286 2621511 674775 3882904 3882904 12203652 POOLED INVESTMENTS 1514493 F 1514493 0 STUDENT DEPOSITS AND AGENCY FUNDS 153969 153969 X 18154732 -35107 -35107 18189839 1252299 1252299 19442138 5902314 104350 104350 5797964 1252299 1252299 7050263 SCHEDULE D, PART V, LINE 4 ENDOWMENT USE ENDOWMENTS CONSIST OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED TO BENEFIT UNRESTRICTED OPERATIONS AND TO PROVIDE SCHOLARSHIPS TO ELIGBLE STUDENTS WHO MEET INDIVIDUAL DONOR REQUIREMENTS. ALL ENDOWMENTS ARE DONOR RESTRICTED, WITH NO BOARD DESIGNATED (QUASI) FUNDS. SCHEDULE D, PART X, LINE 2 INCOME TAXES THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. SCHEDULE D, PART XI, LINE 4B OTHER REVENUE ITEMS NETTED TO REVENUE IN THE AUDITED FINANCIAL STATEMENTS PER GAAP CONSIST OF SCHOLARSHIPS AND OTHER ALLOWANCES AGAINST STUDENT FEES AMOUNTING TO $1,252,299. SCHEDULE D, PART XII, LINE 4B OTHER EXPENSES ITEMS NETTED TO EXPENSES IN THE AUDITED FINANCIAL STATEMENTS PER GAAP CONSIST OF SCHOLARSHIPS AND OTHER ALLOWANCES AGAINST STUDENT FEES AMOUNTING TO $1,252,299. true true false true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF RACIALLY NON-DISCRIMINATORY POLICY WE DO NOT SERVE A LOCALIZED COMMUNITY BUT A DENOMINATIONAL CONSTITUENCY. WHILE WE HAVE, ON OCCASION, ADVERTISED OUR RACIALLY NON-DISCRIMINATORY POLICY IN LOCAL NEWSPAPERS. WE HAVE NOT DONE THIS ANNUALLY. OUR CATALOG, WHICH IS THE BASIS FOR COMMUNICATING SCHOOL POLICIES TO OUR TRUE CONSTITUENCY OF PROSPECTIVE STUDENTS IN THE DENOMINATION (AND ALL OTHERS WHO INQUIRE), ALWAYS CONTAINS NOTICE OF THE NON-DISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 FINANCIAL AID FROM GOVERNMENTAL AGENCIES THE COLLEGE RECEIVES AID FOR STUDENTS IN THE FORM OF PELL GRANTS, SUPPLEMENTAL OPPORTUNITY GRANTS, FEDERAL WORK STUDY AND FEDERAL FAMILY EDUCATIONAL LOANS. THESE FUNDS ARE AWARDED TO STUDENTS BASED ON FEDERAL ELIGIBILITY REQUIREMENTS. true SCHOLARSHIPS TO ELIGIBLE STUDENTS 350 1252299 CASH PAYMENTS/CREDIT SCHEDULE I, PART I, LINE 2 GRANT PROCESS SCHOLARSHIPS TO ELIGIBLE STUDENTS WHO MEET THE CRITERIA OF THE COLLEGE OR TRUST INSTRUMENT WHO ESTABLISHED THE SCHOLARSHIP FUND. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW THE FORM 990 IS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM. THE RETURN IS REVIEWED IN DETAIL BY THE VP FOR FINANCIAL AFFAIRS AND THE PRESIDENT OF THE COLLEGE. THE DRAFT IS EMAILED TO MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST MONITORING ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE CERTAIN FINANCIAL INTERESTS AND FIDUCIARY RELATIONSHIPS. RESPONSES ARE REVIEWED TO DETERMINE IF FURTHER INVESTIGATION IS NECESSARY AND TO DETERMINE IF A CONFLICT EXISTS WITH RESPECT TO A CERTAIN TRANSACTION. IF A CONFLICT EXISTS, THE TRANSACTION IS NOT TO BE ENTERED INTO UNLESS ALTERNATIVES ARE FULLY INVESTIGATED, AND IN THEIR ABSENCE, THE BOARD, WITHOUT THE PARTICIPATION OF THE INTERESTED MEMBER(S), DETERMINES THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. PLANS TO MANAGE THE CONFLICT DURING THE RELATIONSHIP ARE IMPLEMENTED. ALL DISCUSSIONS ARE APPROPRIATELY DOCUMENTED. ALL OTHER EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CIRCUMSTANCES, INCLUDING FAMILY AND BUSINESS RELATIONSHIPS, WHICH MAY CREATE A CONFLICT OF INTEREST FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A & 15B COMPENSATION APPROVAL PROCESS IN DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, THE ANNUAL PROCESS PERFORMED BY WELCH COLLEGE INCLUDED: A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OF TRUSTEES. ADDITIONALLY, ALL DISCUSSIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS UPON WRITTEN REQUEST THE COLLEGE MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE. THE COLLEGE'S FINANCIAL STATEMENTS ARE PUBLISHED FOR THE DENOMINATION AT LARGE AND PRESENTED ANNUALLY TO THE FREE WILL BAPTIST CONVENTION. FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART XI, LINE 9 OTHER CHANGES IN FUND BALANCE PRIOR YEAR / UNBUDGETED AMOUNTS: $104,350 NATIONAL ASSOC OF FREE WILL BAPTISTS 5233 MT VIEW ROAD ANTIOCH TN 37013 581542098 COORDINATION TN 501(C)(3) 1 NA false FREE WILL BAPTIST FOUNDATION 5233 MT VIEW ROAD ANTIOCH TN 37013 621172550 INVESTMENTS TN 501(C)(3) 1 NA false RANDALL HOUSE PUBLICATIONS 114 BUSH ROAD NASHVILLE TN 37217 620676318 PUBLISHER TN 501(C)(3) 1 NA false false false true false true false false false false false false false false true false true false false false