2017-11-07T12:09:28-06:00 2017-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2016-07-01 620476661 TENNESSEE WESLEYAN UNIVERSITY TENN 4237465208 204 EAST COLLEGE STREET ATHENS TN 37303 GAIL HARRIS V.P. FOR FINANCIAL AFFAIRS 4237465208 2017-10-26 1 KIM HUSKEY CPA P00958962 4237567771 2017-10-25 66.18.62.66 2017-10-26 15:37:49 ED P 4C595ACCD5BE00123E4563B7CA91A8FB2BFA62A7 913CB10A6BF2935F230814CEFEA5A6F20802B349 2016 2021-01-29 14:40:06Z GAIL HARRIS 204 EAST COLLEGE STREET ATHENS TN 37303 26015300 0 X WWW.TWCNET.EDU X 1857 TN FOUR-YEAR LIBERAL ARTS COLLEGE 39 39 343 0 0 0 3570474 1997497 23413484 23340693 -61762 169009 461263 447626 27383459 25954825 10684165 10765736 0 0 8435292 7888419 0 0 280975 7805987 8121998 26925444 26776153 458015 -821328 34075654 35590034 15348671 16695445 18726983 18894589 FOUR-YEAR LIBERAL ARTS COLLEGE 0 0 16596560 10765736 0 INSTRUCTIONAL - ENROLLED AND EDUCATED OVER 1000 STUDENTS. 433131 0 0 ACADEMIC SUPPORT - INCLUDES THE FUNDS SPENT IN SUPPORT OF THE COLLEGE'S LIBRARY AND OTHER SIMILAR ACTIVITIES. 5332738 0 0 STUDENT SERVICES - INCLUDES THE FUNDS ASSOCIATED WITH THE SUPPORT OF THE COLLEGE'S STUDENTS ACADEMICS AND RELATED STUDENT ACTIVITIES. 0 0 23727844 23727844 22362429 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 0 0 0 0 0 0 0 0 0 1 129 0 1 343 1 0 0 0 0 0 0 0 0 0 0 0 X 39 39 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 ALLEN CARTER BOARD OF DIRECTOR, CHAIR 2.00 X 0 0 0 HUGH QUEENER BOARD OF DIRECTOR, VICE CH 2.00 X 0 0 0 BRYAN JACKSON BOARD OF DIRECTOR, FINANCE 2.00 X 0 0 0 REV TOM REED BOARD OF DIRECTOR, STUDENT 2.00 X 0 0 0 STEPHEN BYRUM BOARD OF DIRECTOR, ACADEMIC AFFAIRS CHAIR 2.00 X 0 0 0 TENNA HORNSBY BOARD OF DIRECTOR, STUDENT 2.00 X 0 0 0 KEITH ALTSHULER BOARD OF DIRECTOR, FORT SA 2.00 X 0 0 0 PRICE FOSTER BOARD OF DIRECTOR 1.00 X 0 0 0 CARL COLLOMS BOARD OF DIRECTOR, MEMBER 1.00 X 0 0 0 MINTIE WILLSON BOARD OF DIRECTOR, MEMBER 1.00 X 0 0 0 STEPHEN BRUMIT BOARD OF DIRECTOR 1.00 X 0 0 0 JERRI BRYANT BOARD OF DIRECTOR 1.00 X 0 0 0 H PAUL GAFFNEY BOARD OF DIRECTOR 1.00 X 0 0 0 J DON KING MD BOARD OF DIRECTOR 1.00 X 0 0 0 LAURIE HALLENBERG BOARD OF DIRECTOR 1.00 X 0 0 0 VANT HARDAWAY BOARD OF DIRECTOR, SECRETA 1.00 X 0 0 0 DANNY HAYS BOARD OF DIRECTOR 1.00 X 0 0 0 WILLIAM KILBRIDE BOARD OF DIRECTOR 1.00 X 0 0 0 RICK LAY BOARD OF DIRECTOR 1.00 X 0 0 0 LARRY MAULDIN BOARD OF DIRECTOR 1.00 X 0 0 0 GREG MOSES BOARD OF DIRECTOR 1.00 X 0 0 0 DANIEL MOORE BOARD OF DIRECTOR 1.00 X 0 0 0 CHARLES PECCOLO BOARD OF DIRECTOR 1.00 X 0 0 0 PATRICIA PURUSHOTHAM BOARD OF DIRECTOR 1.00 X 0 0 0 JERRY SMITH BOARD OF DIRECTOR 1.00 X 0 0 0 JEFFERY CUNNINGHAM BOARD OF DIRECTOR 1.00 X 0 0 0 HUGH WALKER III BOARD OF DIRECTOR, ADVANCE 1.00 X 0 0 0 JASON ROBERTSON BOARD OF DIRECTOR 1.00 X 0 0 0 MARK WHITE BOARD OF DIRECTOR, FACILITIES CHAIR 1.00 X 0 0 0 SHIRLEY WOODCOCK BOARD OF DIRECTOR 1.00 X 0 0 0 TONY BRYANT BOARD OF DIRECTOR 1.00 X 0 0 0 REGENIA MAYFIELD BOARD OF DIRECTOR 1.00 X 0 0 0 DEBI WELCH BOARD OF DIRECTOR 1.00 X 0 0 0 ELI KILGORE BOARD OF DIRECTOR 1.00 X 0 0 0 MARY TAYLOR BOARD OF DIRECTOR 1.00 X 0 0 0 LEE STEWART BOARD OF DIRECTOR 1.00 X 0 0 0 LARRY WALLACE BOARD OF DIRECTOR 1.00 X 0 0 0 JIM WINER BOARD OF DIRECTOR 1.00 X 0 0 0 TODD COX BOARD OF DIRECTOR 1.00 X 0 0 0 HARLEY KNOWLES PRESIDENT 40.00 X 246882 0 0 KIM SPIEZIO FORMER VP FOR ACADEMIC AFFAIRS 40.00 X 130000 0 0 RANDY NELSON VP FOR ADVANCEMENT 40.00 X 86166 0 0 SCOTT MASHBURN VP FOR STUDENT LIFE 40.00 X 92019 0 0 GAIL HARRIS VP FOR FINANCIAL AFFAIRS 40.00 X 89849 0 0 TRACI WILLIAMS VP OF INSTITUTIONAL EFFECTIVENESS 40.00 X 68936 0 0 713852 0 0 2 0 1 0 ARAMARK CORP 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 1388109 NATIONAL MANAGEMENT RESOURCES CORP PO BOX 1224 LA GRANGE GA 30241 MAINTENANCE 797477 FOLLETT HIGHER EDUCATION GROUP 3146 SOLUTIONS CENTER CHICAGO IL 60677 TEXTBOOK SERVICES 263905 KING BUILDERS LLC 235 COUNTY ROAD 504 ENGLEWOOD TN 37329 BUILDING SERVICES 259572 ARCHER AIR CONDITIONING SERVICES 2503 NEW BEAVER CREEK DRIVE KNOXVILLE TN 37931 AIR CONDITIONING MAINTENANCE 200681 18 128232 1869265 1997497 TUITION 624310 20511581 20511581 FOOD SERVICE 722210 1788177 1788177 RESIDENCE HALL 721310 959164 959164 BOOKSTORE 451211 41675 41675 CAMPS AND CONFERENCES 900099 40096 40096 23340693 229484 229484 60475 -60475 -60475 -60475 FORT SANDERS NURSING SUPPLEMENT 611600 409650 409650 37976 37976 447626 25954825 23727844 0 229484 X 10765736 10765736 6604311 5037603 1363232 203476 217707 156079 57187 4441 480738 349663 124266 6809 585663 451136 121841 12686 3209 3209 59129 59129 143974 2798 141176 389472 278544 104563 6365 421385 421385 1034638 885158 149480 CONTRACTED SERVICES 2182342 1901567 277390 3385 UTILITIES 657904 602992 54912 OTHER MISC EXPENSES 498421 191824 306597 UNIFORMS AND OTHER SUPP 283618 176051 94928 12639 2447906 1563278 853454 31174 26776153 22362429 4132749 280975 1299 1294 1774394 1588039 4208346 3737620 1006335 755510 75671 73691 11362 20256 91070 81591 32493164 14523263 16256984 17969901 10610165 11362132 40028 34075654 35590034 920098 878315 507359 498289 13799580 15228115 121634 90726 15348671 16695445 X 1834614 3066969 5530574 4297560 11361795 11530060 18726983 18894589 34075654 35590034 X -821328 884108 104828 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 11361793 51431 116834 11530058 11040007 230189 91599 11361795 10925347 126826 -12166 11040007 9414118 1399823 111406 10925347 9371970 140343 84427 -182622 9414118 0 0 1702191 1702191 19477561 7632801 11844760 2596897 1392796 1204101 6436682 4359312 2077370 2279833 1138354 1141479 17969901 FEDERAL SHARE OF PERKINS LOAN PROGRAM -86109 AGENCY FUNDS 176835 90726 X 16073197 884108 884108 15189089 10765736 10765736 25954825 16010417 0 16010417 10765736 10765736 26776153 PART X, LINE 2: UNCERTAIN TAX POSITIONS THE COLLEGE IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE COLLEGE MAY BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. THIS INCOME IS REPORTED ON THE FEDERAL FORM 990T AS UNRELATED BUSINESS INCOME. THE COLLEGE FOLLOWS THE GUIDANCE OF ASC TOPIC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITYS FINANCIAL STATEMENTS. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, ASC TOPIC 740 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE COLLEGE ADOPTED THE PROVISIONS OF ASC TOPIC 740 AND THEY HAD NO IMPACT ON THE FINANCIAL POSITION, RESULTS OF OPERATIONS, AND CASH FLOWS. THE COLLEGES EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2014 THROUGH JUNE 30, 2017 FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2017. 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 COLLEGE MAINTAINS AN INSTITUTION THAT IS RACIALLY NONDISCRIMINATORY. 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 892 10765736 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 HARLEY KNOWLES PRESIDENT 0 0 246882 0 0 0 0 0 0 0 246882 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 HIRED SALARIES ARE ADJUSTED BASED UPON PERFORMANCE AND RECOMMENDATIONS OF THE BOARD. 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 FACILITY FEES: PROGRAM SERVICE EXPENSES 244,694. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 244,694. MAINTENANCE AND REPAIRS: PROGRAM SERVICE EXPENSES 196,511. MANAGEMENT AND GENERAL EXPENSES 24,575. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 221,086. DUES AND MEMBERSHIPS: PROGRAM SERVICE EXPENSES 95,454. MANAGEMENT AND GENERAL EXPENSES 121,392. FUNDRAISING EXPENSES 3,723. TOTAL EXPENSES 220,569. TUITION WAIVER: PROGRAM SERVICE EXPENSES 154,095. MANAGEMENT AND GENERAL EXPENSES 39,390. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 193,485. COPYING AND PRINTING EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 172,902. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 172,902. INSTITUTIONAL INSURANCE: PROGRAM SERVICE EXPENSES 136,311. MANAGEMENT AND GENERAL EXPENSES 22,731. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 159,042. CAMPUS SAFETY: PROGRAM SERVICE EXPENSES 116,712. MANAGEMENT AND GENERAL EXPENSES 33,494. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150,206. TELEPHONE EXPENSE: PROGRAM SERVICE EXPENSES 3,184. MANAGEMENT AND GENERAL EXPENSES 136,944. FUNDRAISING EXPENSES 30. TOTAL EXPENSES 140,158. ATHLETIC TOURNAMENT EXPENSES: PROGRAM SERVICE EXPENSES 97,140. MANAGEMENT AND GENERAL EXPENSES 32,380. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 129,520. RESTRICTED EXPENDITURES: PROGRAM SERVICE EXPENSES 105,608. MANAGEMENT AND GENERAL EXPENSES 23,537. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 129,145. EQUIPMENT: PROGRAM SERVICE EXPENSES 78,228. MANAGEMENT AND GENERAL EXPENSES 50,043. FUNDRAISING EXPENSES 824. TOTAL EXPENSES 129,095. STUDENT INSURANCE: PROGRAM SERVICE EXPENSES 92,667. MANAGEMENT AND GENERAL EXPENSES 30,889. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,556. OTHER ATHLETIC EXPENSES: PROGRAM SERVICE EXPENSES 75,224. MANAGEMENT AND GENERAL EXPENSES 25,075. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,299. STUDENT ACTIVITY EXPENSE: PROGRAM SERVICE EXPENSES 48,563. MANAGEMENT AND GENERAL EXPENSES 16,188. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,751. MEDICAL SUPPLIES: PROGRAM SERVICE EXPENSES 44,403. MANAGEMENT AND GENERAL EXPENSES 14,801. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,204. POSTAGE: PROGRAM SERVICE EXPENSES 2,457. MANAGEMENT AND GENERAL EXPENSES 48,139. FUNDRAISING EXPENSES 143. TOTAL EXPENSES 50,739. BANK/CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 36,373. FUNDRAISING EXPENSES 738. TOTAL EXPENSES 37,111. COMMENCEMENT EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30,753. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,753. NETWORKING EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 23,961. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,961. VEHICLE EXPENSES: PROGRAM SERVICE EXPENSES 12,081. MANAGEMENT AND GENERAL EXPENSES 5,984. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,065. RECRUITMENT EXPENSE: PROGRAM SERVICE EXPENSES 16,113. MANAGEMENT AND GENERAL EXPENSES 1,657. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,770. FACULTY DEVELOPMENT: PROGRAM SERVICE EXPENSES 16,779. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,779. INSTITUTIONAL ASSESSMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,010. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,010. ENTERTAINMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,318. FUNDRAISING EXPENSES 11,255. TOTAL EXPENSES 14,573. HOMECOMING EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 14,461. TOTAL EXPENSES 14,461. CHOIR EXPENSES: PROGRAM SERVICE EXPENSES 10,573. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,573. FACULTY/STAFF MEALS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,603. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,603. LIBRARY EXPENSES: PROGRAM SERVICE EXPENSES 8,517. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,517. ATHLETIC TEAM MEALS: PROGRAM SERVICE EXPENSES 4,334. MANAGEMENT AND GENERAL EXPENSES 1,445. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,779. OTHER GRANT EXPENDITURES: PROGRAM SERVICE EXPENSES 3,239. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,239. PUBLICATIONS - STUDENT LIFE: PROGRAM SERVICE EXPENSES 391. MANAGEMENT AND GENERAL EXPENSES 130. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 521. COST OF ACCRUED VACATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES -68,260. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -68,260. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PERKINS LOAN 3,800. CHANGE IN VALUE OF TRUSTS HELD BY THIRD PARTY 101,028. 990 PART XII PAGE 12 LINE 2D THE OVERSIGHT PROCESS OR SELECTION PROCESS FOR THE FINANCIAL AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.