2016-03-14T16:19:42-07:00 2015-07-31 990 2014-08-01 620516509 UNION UNIVERSITY UNIO 7316681818 1050 Union University Drive Jackson TN 38305 Robert Simpson Assoc VP 7316615219 2016-03-16 2014 2016-08-17 19:52:53Z Dr Samuel W Dub Oliver Union University 1050 Union University Dr Jackson TN 38305 100907373 0 X www.uu.edu X 1925 TN Educational Sales and Services, including awards of baccalaureate and graduate degrees. Union University is an academic community, affiliated with the Tennessee Baptist Convention, equipping persons to think Christianly and serve faithfully in ways consistent with its core values of being excellence-driven, Christ-centered, people-focused, and future-directed. 21 21 1116 350 0 0 6438506 10222091 84309439 84091567 10034 -2216081 3744112 3516373 94502091 95613950 25977816 26783172 0 0 43552722 41382084 0 0 907129 21607775 21299784 91138313 89465040 3363778 6148910 179737194 182964145 56563449 53641490 123173745 129322655 Union University is an academic community, affiliated with the Tennessee Baptist Convention, equipping persons to think Christianly and serve faithfully in ways consistent with its core values of being excellence-driven, Christ-centered, people-focused, and future-directed. These values shape its identity as an institution which prioritizes liberal arts based undergraduate education enhanced by professional and graduate programs. 0 0 76877811 26522004 84964055 Union University is a private, Christian, four-year, coeducational, liberal arts-based university offering bachelor's, master's and doctoral degrees. Founded in 1823, Union is the oldest institution affiliated with the Southern Baptist Convention. Located in Jackson, Tennessee, Union is approximately 80 miles east of Memphis and 120 miles west of Nashville. Union also has extension campuses in Germantown and Hendersonville, Tennessee. The student body is made up of students from 44 states and 33 countries. Student to Faculty Ratio: 11:1 Percentage of Faculty with Highest Possible Degree in Field: 84% Emphasis: A private, four-year, coeducational liberal arts-based university offering bachelor's, master's and doctoral degrees. 6879277 261168 10649895 Higher Education Auxiliary Enterprises such as Student Housing and Meal Plan Sales. Residence Life is uniquely arranged in apartment-style housing, with the vast majority of our housing featuring a private bedroom for each individual student. 0 0 0 83757088 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 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 0 0 0 0 1 2 0 1 1116 1 0 0 0 0 0 1 1 0 0 0 1 1 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Robert Simpson 7316615219 1050 Union University Drive Jackson TN 38305 Rev Trent Bullock Trustee 0 0 X 0 0 0 Mr Bob Campbell Trustee 0 0 X 0 0 0 Mr Bill Dement Trustee 0 0 X 0 0 0 Mr James Farmer Trustee 0 0 X 0 0 0 Dr Charles Fowler Trustee 0 0 X 0 0 0 Dr Steve Gaines Trustee 0 0 X 0 0 0 Mr Norm Hill Trustee 0 0 X 0 0 0 Judge Tommy Moore Trustee 0 0 X 0 0 0 Mrs Peggy Graves Trustee 0 0 X 0 0 0 Dr David Guthrie Trustee 0 0 X 0 0 0 Mr Jeff Perkins Trustee 0 0 X 0 0 0 Mrs Robyn Hari Trustee 0 0 X 0 0 0 Dr Lisa Rogers Trustee & Chair 0 0 X 0 0 0 Dr Linda R Shoaf Trustee 0 0 X 0 0 0 Dr Danny Sinquefield Trustee 0 0 X 0 0 0 Dr Harry Smith Trustee 0 0 X 0 0 0 Mr Warren Nunn Trustee 0 0 X 0 0 0 Mrs Patti Waggoner Trustee 0 0 X 0 0 0 Mr Rod Parker Trustee 0 0 X 0 0 0 Mr Chad Wilson Trustee & Vice Chair 0 0 X 0 0 0 Rev Justin Wainscott Trustee 0 0 X 0 0 0 Dr David S Dockery University Chancellor 0 0 X X X 299750 0 43296 Dr Samuel W Dub Oliver President & CEO 40 0 X X 188851 0 8749 Mr Gary L Carter Senior Vice President and CFO 40 0 X X 151166 0 43907 Dr Sheila Mitchell Dean School of Pharmacy 40 0 X 192491 0 7460 Dr Mark Stephens Professor & Associate Dean, School of Pharmacy 40 0 X 142116 0 17848 Dr David Kuhl Professor of Pharmacy 40 0 X 149555 0 20168 Dr George DeMaagd Associate Dean, School of Pharmacy 40 0 X 152730 0 30381 Dr Kelly Harden Professor & Associate Dean, School of Nursing 40 0 X 144420 0 8316 1421079 0 180125 48 1 1 0 H&M Construction 50 Security Drive Jackson TN 38305 Construction of library building 8135735 Williams Steel 315 Lake Street Jackson TN 38301 Construction of steel on library building 1995000 Southern City Concrete Products P O Box 1256 Jackson TN 38302 Concrete products for library construction 217771 Trane US Inc P O Box 406469 Atlanta GA 30384 HVAC for library construction 305524 Data Aire File P O Box 418339 Boston MA 02241 Air control for library building 150000 5 2340346 0 0 0 204003 7677742 751040 10222091 Tuition and student fees 611310 73441672 73441672 0 0 Auxiliary enterprise sales and services 611310 10649895 10649895 0 0 0 0 0 0 84091567 565365 565365 0 0 0 0 0 0 0 0 0 0 204382 0 0 0 204382 0 204382 204382 0 0 0 2511977 0 5293423 0 -2781446 -2781446 -2781446 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Misc Other Revenues 611310 1200228 1200228 0 0 Change in the value of interest rate swaps and annuities 611310 287850 287850 0 0 Realized gains on investments 611310 1823913 1823913 0 0 0 0 0 0 3311991 95613950 85391859 0 0 0 0 26783172 26783172 0 0 0 0 1421079 781312 639767 0 0 0 0 0 32244590 29920694 1784141 539755 659295 594291 57200 7804 4785080 4367481 322769 94830 2272040 2113464 129007 29569 0 0 0 0 114740 0 114740 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 696327 316187 357445 22695 5662151 4700483 860501 101167 1339447 1170679 132401 36367 0 0 0 0 3419622 3264980 130066 24576 716043 683163 27740 5140 0 0 0 0 150886 145194 5692 0 2325171 2325171 0 0 0 0 0 0 4460439 4175859 239354 45226 0 0 0 0 Dining Hall Meal Service Contract 2000968 2000968 0 0 Bad debts expenses 413990 413990 0 0 0 0 0 0 89465040 83757088 4800823 907129 11371552 9143945 2214778 2278360 891000 223262 2276361 1776009 0 0 0 0 1068129 775504 0 0 439429 409200 196438411 66640476 122675021 129797935 37403793 38420103 0 0 1315580 65580 0 0 81551 74247 179737194 182964145 857241 3051312 0 0 4863137 4361316 34484157 31216702 0 0 0 0 12213186 10942669 986464 1018087 3159264 3051404 56563449 53641490 X 58081308 71561952 31216095 22158660 33876342 35602043 123173745 129322655 179737194 182964145 6148910 0 0 0 0 0 X 1 X 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34008662 1709152 1189060 553468 0 0 36353406 32696118 1049098 837414 573968 0 0 34008662 30186893 790888 2319978 601641 0 0 32696118 31177022 660345 -977099 673375 0 0 30186893 26628164 2160965 2932653 544760 0 0 31177022 0 0.99 0.01 0 0 0 19187923 19187923 0 144518456 37952240 106566216 0 0 0 0 0 32732032 28688236 4043796 0 0 0 0 129797935 0 Student housing and registration deposits 498958 Refundable advances from the federal government 1150322 Annuities payable 412957 Deposits held for others 989167 3051404 69396765 0 0 0 0 0 69396765 0 26217185 26217185 95613950 63247855 0 0 0 0 0 63247855 0 26217185 26217185 89465040 Schedule D, Part V, Line 4 The university's endowment consists of individual donor-restricted funds established for a variety or purposes, including funding certain scholarships and academic programs. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence of absence of donor-imposed restrictions. The university has adopted investment and spending policies for endowment assets that attempt to provide a stream of funding for programs supported by those funds, while seeking to maintain the purchasing power of the endowment assets. Schedule D, Part XI, Line 4b The amount of $26,217,185 represents scholarships and grants that were netted against tuition and fees in the audit report, rather than having been classified as an expenditure. Schedule D, Part XII, Line 4b The amount of $26,217,185 represents scholarships and grants that were netted against tuition and fees in the audit report, rather than having been classified as an expenditure. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Union University does not discriminate on the basis of race, religion, gender, national origin or disability in the admission and progression of students. The university adheres to a community value statement and expects all students to comply with the values of the university. 1 Scholarships and grants awarded to students are administered by the Student Financial Planning office and awarded in accordance with any donor imposed restrictions, need based qualifications imposed b the US Department of Education, and institutional policies and procedures. Institutionally provided student financial aid is credited to the student account receivables balances, and is funded primarily through the unrestricted budget as discounts, through restricted gifts or the investment income allocations of endowed scholarships. Merit awards are made on the basis of academic achievement, leadership and individual talent. Awards based on financial need are determined on the basis of information from the Free Application for Federal Student Financial Aid (FAFSA) form. 1950 0 26783172 discount to student accounts receivable balances Institutionally provided student financial aid is credited to the student account receivables balances, and is funded primarily through the unrestricted budget as discounts, through restricted gifts or the investment income allocations of endowed scholarships. Merit awards are made on the basis of academic achievement, leadership and individual talent. Awards based on financial need are determined on the basis of information from the Free Application for Federal Student Financial Aid (FAFSA) form. Schedule I, Part I, Line 2 Various forms of student financial aid are posted as credits to individual student accounts receivable in accordance with institutional policies, and are funded through unrestricted fund discounts, restricted and endowed scholarships, and publicly funded grants and scholarships through the US Dept of Education, made on the basis of information provided through the FAFSA. X X X X 0 0 0 0 0 0 0 0 0 Rev Trent Bullock Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Bob Campbell Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Bill Dement Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr James Farmer Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dr Charles Fowler Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dr Steve Gaines Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Norm Hill Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Judge Tommy Moore Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mrs Peggy Graves Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dr David Guthrie Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Jeff Perkins Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mrs Robyn Hari Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dr Lisa Rogers Trustee & Chair 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dr Linda R Shoaf Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dr Danny Sinquefield Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dr Harry Smith Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Warren Nunn Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mrs Patti Waggoner Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Rod Parker Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Chad Wilson Trustee & Vice Chair 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Rev Justin Wainscott Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dr Mark Stephens Professor & Associate Dean, School of Pharmacy 142116 0 0 0 0 0 0 0 17848 0 159964 0 159964 0 Dr David S Dockery University Chancellor 299750 0 0 0 0 0 0 0 43296 0 343046 0 399679 0 Dr Samuel W Dub Oliver President & CEO 188851 0 0 0 0 0 0 0 8749 0 197600 0 0 0 Mr Gary L Carter Senior Vice President and CFO 151166 0 0 0 0 0 0 0 43407 0 194573 0 172072 0 Dr Sheila Mitchell Dean School of Pharmacy 192491 0 0 0 0 0 0 0 7460 0 199951 0 199951 0 Dr David Kuhl Professor of Pharmacy 149555 0 0 0 0 0 0 0 20168 0 169723 0 169724 0 Dr George DeMaagd Associate Dean, School of Pharmacy 152730 0 0 0 0 0 0 0 30381 0 183111 0 170298 0 Dr Kelly Harden Professor & Associate Dean, School of Nursing 144420 0 0 0 0 0 0 0 8316 0 152736 0 152736 0 A Health Educ Hsng Fac Board Jackson TN 2010A 621209535 000000000 2010-03-31 14650000 Refunding and construction 0 0 0 B Health Educ Hsng Fac Board Jackson TN 2009A 621209535 000000000 2009-12-22 16800000 Refunding 0 0 0 C Health Educ Hsng Fac Board Jackson TN 2009B 621209535 000000000 2009-12-22 9000000 Construction 0 0 0 D Health Educ Hsng Fac Board Jackson TN 2010B 621209535 000000000 2010-12-17 6000000 refunding 0 0 0 A 4600000 0 14650000 0 0 0 0 0 0 0 0 0 2010 0 0 1 1 B 7675000 0 16800000 0 0 0 0 0 0 0 0 0 2009 0 0 1 1 C 1988211 0 9000000 0 0 0 0 0 0 0 0 0 2009 0 0 1 1 D 970087 0 6000000 0 0 0 0 0 0 0 0 0 2010 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 0 0 0 1 0 0 0 1 D 0 0 0 0 0 0 0 0 1 X 6 751040 Date of Gift MV 0 0 1 0 Form 990, Part VI, Section B, Line 11b Copies of the IRS 990 are made available to the CFO and officers, and made available to the general public on request. It is also reviewed by the accounting firm that annually audits our financial statements. Form 990, Part VI, Section B, Line 12c A survey is conducted annually that requests trustees and officers of the organization to disclose and describe any conflicts of interest. Form 990, Part VI, Section B, Line 15 The compensation process is directed and compensation decisions are reviewed by the compensation committee of our board of trustees. Comparisons of compensation data are made with published surveys and other regional and national sources of compensation information. Form 990, Part VI, Section C, Line 19 The IRS Form 990 is made available to the public on an as-requested basis. Form 8868 automatic 3 month filing extension was granted extending filing date to March 15, 2016.