2015-09-21T10:45:59-07:00 2015-05-31 611378491 Hill Harper & Associates P O Box 680788 Franklin TN 37068 990 2014-06-01 620481463 Welch College WELC 6158445000 3606 WEST END AVENUE NASHVILLE TN 37205 Craig Mahler Vice Pres for Financial Affairs 6158445230 2015-10-15 1 Terry Hill P01434819 6154177414 2015-10-15 X 2014 2016-04-25 22:37:26Z J Matthew Pinson 3606 West End Avenue Nashville TN 37205 6957149 0 X WELCH.EDU X 1942 TN CHRISTIAN HIGHER EDUCATIONAL INSTITUTION SERVING APPROXIMATELY 277 FULL TIME EQUIVALENT STUDENTS FALL 2014 9 9 259 0 0 1468688 1522203 4858747 5273777 18424 62846 89346 98323 6435205 6957149 1298807 1349781 0 0 2582092 2772507 5500 6000 559087 2693227 2570406 6579626 6698694 -144421 258455 12789946 13336219 5669711 5952486 7120235 7383733 THE MISSION OF WELCH COLLEGE IS TO EDUCATE LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE. 0 0 4239688 1349781 5273777 Institution of higher education which serves approximately 264 full time equivalent students 0 0 0 4239688 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 19 0 1 259 1 0 0 0 0 0 0 0 0 0 1 1 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 X X X Craig Mahler 6158445292 3606 WEST END AVENUE NASHVILLE TN 37205 REV TERRY PIERCE CHAIRMAN 1 0 X 0 0 0 REV KEN SIMPSON VICE CHAIRMAN 1 0 X 0 0 0 REV MARK STRIPLING SECRETARY 1 0 X 0 0 0 REV BILLY HANNA BOARD OF TRUSTEE MEMBER 1 0 X 0 0 0 REV WILL BEAUCHAMP BOARD OF TRUSTEE MEMBER 1 0 X 0 0 0 MIKE ARMSTRONG BOARD OF TRUSTEE MEMBER 1 0 X 0 0 0 DR EDWARD MOODY BOARD OF TRUSTEE MEMBER 1 0 X 0 0 0 JEFF CRABTREE BOARD OF TRUSTEE MEMBER 1 0 X 0 0 0 SHILOH HACKETT BOARD OF TRUSTEE MEMBER 1 0 X 0 0 0 J MATTHEW PINSON PRESIDENT 40 0 X 71042 0 0 CRAIG MAHLER V P FOR FINANCIAL AFFAIRS 40 0 X 51489 0 0 GREG KETTEMAN PROVOST 40 0 X 53723 0 0 JON FORLINES V P FOR STUDENT AFFAIRS 40 0 X 43378 0 0 DAVID WILLIFORD V P FOR INSTITUTIONAL ADVANCEMENT 40 0 X 55328 0 0 Gary Fry V P for Church Relations 40 0 X 55664 0 0 330624 0 0 0 0 0 0 0 0 0 0 25228 1496975 0 1522203 Tuition and fees 900099 4006905 4006905 0 0 Dormities 900099 493655 493655 0 0 Dining hall 900099 738705 738705 0 0 Snack shop and bookstore 900099 34512 34512 0 0 0 0 0 0 5273777 62846 62846 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Net student loan fund transactions 900099 22718 22718 0 0 75605 75605 0 0 98323 6957149 5434946 0 0 1349781 1349781 330624 97101 122531 110992 1954641 1410686 423895 120060 487242 312781 126775 47686 21022 21022 27000 27000 6000 6000 5614 5614 104384 40407 63977 366507 176329 141957 48221 1226 1226 525969 169697 204161 152111 81475 40542 40933 8960 8960 225698 225698 183711 124403 56910 2398 57925 57925 Campus cafeteria catering and groceries 332900 332900 0 0 Online and lifetime learning fees 160007 160007 0 0 Athletics 144329 0 144329 0 Maintenance supplies and materials 91970 0 91970 0 231709 65461 158606 7642 6698694 4239688 1899919 559087 1224017 1577297 367870 239317 88509 59124 45200 46879 7309 1400 15119800 5261761 9398107 9858039 248038 249620 1410896 1304543 12789946 13336219 202384 162258 51179 130109 4711564 4546396 125319 127265 579265 986458 5669711 5952486 X 4588738 4776115 813865 806223 1717632 1801395 7120235 7383733 12789946 13336219 258455 5043 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1599585 58043 58189 53805 13239 0 1648773 1468170 51861 144616 51823 13239 0 1599585 1369010 29917 132797 50315 13239 0 1468170 1344698 155479 -77224 45942 8001 0 1369010 1151289 32589 214763 45942 8001 0 1344698 0 0.89 0.11 1 1 1 30000 6186510 6216510 0 4582017 2640251 1941766 0 0 0 0 0 3160473 2621510 538963 0 1160800 0 1160800 9858039 Pooled investments with Free Will Baptist Foundation 1304543 F 1304543 0 Deposit held for sale of West End Campus 400000 Student deposits and agency funds 171486 Accrued salaries 117120 Asset retirement obligations - asbestos removal 297852 986458 X 5612411 5043 0 0 0 5043 5607368 0 1349781 1349781 6957149 5348913 0 0 0 0 0 5348913 0 1349781 1349781 6698694 Schedule D, Part V, Line 4 Endowments consist of numerous individual funds established to benefit unrestricted operations and to provide scholarships to eligible students who meet individual donor requirements. All endowments are donor restricted, with no board designated (quasi) funds. Schedule D, Part X, Line 2 The College is exempt from income taxes under Internal Revenue Code Section 501(c)(3); accordingly, no provision for income taxes has been made in the accompanying financial statements. There is no unrelated business income tax for 2015 and 2014. Management has determined that the College has no activities that would lead to income tax liabilities, further all activities generating revenue are in furtherance of the College's tax exempt purpose. Schedule D, Part XI, Line 4b Items netted to revenue in the audited financial statements per GAAP consist of scholarships and other allowances against student fees amounting to 1,349,781. Schedule D, Part XII, Line 4b Items netted to revenue in the audited financial statements per GAAP consist of scholarships and other allowances against student fees amounting to 1,349,781. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 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 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. 1 Scholarships to eligible students who meet the criteria of the College / or trust instrument which established the scholarship fund. 492 1349781 0 Cash payments or credits against charges. Schedule I, Part I, Line 2 Scholarships to eligible students who meet the criteria of the College / or trust instrument which established the scholarship fund. Form 990, Part V, Line 7g Answer should be NA Form 990, Part V, Line 7h Answer should be NA Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed in detail by the VP for Financial Affairs and the President of the College. The draft is emailed to member of the Board of Trustees for review and approval prior to filing the return. Form 990, Part VI, Section B, Line 15 All compensation of officers and other key employees are approved by the Board of Trustees. Form 990, Part VI, Section C, Line 18 Upon written request the College makes its governing documents available. Form 990 is also available on the Guidestar website. Form 990, Part VI, Section C, Line 19 Upon written request the College makes its governing documents, conflict of interest policy, and financial statements available. Finally, the College's financial statements are published for the denomination at large and presented annually to the FWB National Convention. Form 990 is also available on the Guidestar website. National Assoc of Free Will Baptists Inc 5233 Mt View Rd Antioch TN 37013 581542098 Coordinates Annual Convention, Produces One Magazine TN 170 (b)(1)(A)(l) Yes N/A Free Will Baptist Foundation 5233 Mt View Road Antioch TN 37013 621172550 Holds and invests certain College funds; and is holder of mortgage on College properties TN 170 (B)(1)(A)(l) Yes N/A Randall House Publications of Natl Assoc of FWB 114 Bush Road Nashville TN 37217 620676318 Publishing house of Free Will Baptists TN 170 (B)(1)(A)(l) Yes N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0