2014-07-21T09:01:42-07:00 2014-05-31 621378491 Hill Harper & Associates P O Box 680788 Franklin TN 37068 990 2013-06-01 620481463 Welch College WELC 6158445000 3606 WEST END AVENUE NASHVILLE TN 37205 Craig Mahler V P of Financial Affairs 6158445230 2014-07-20 1 Terry Hill P01434819 6154177414 2014-07-20 X 2013 2015-11-30 17:44:51Z J Matthew Pinson 3606 West End Avenue Nashville TN 37205 6435205 0 X WELCH.EDU X 1942 TN CHRISTIAN HIGHER EDUCATIONAL INSTITUTION SERVING APPROXIMATELY 264 FULL TIME EQUIVALENT STUDENTS 9 9 229 0 0 0 1577398 1468688 4025355 4858747 1051589 18424 22991 89346 6677333 6435205 1094864 1298807 0 0 2705745 2582092 6597 5500 716488 2109512 2693227 5916718 6579626 760615 -144421 12755966 12789946 5638160 5669711 7117806 7120235 THE MISSION OF WELCH COLLEGE IS TO EDUCATE LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE. 0 0 4752555 1298807 4858747 Institution of higher education which serves approximately 264 full time equivalent students 0 0 0 4752555 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 1 0 0 0 0 0 0 0 1 0 0 0 1 X 19 0 1 229 1 0 0 0 0 0 0 1 1 0 0 0 1 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 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 REV RUSTY RUSSELL 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 70613 0 0 CRAIG MAHLER V P FOR FINANCIAL AFFAIRS as of January 1, 2012 40 0 X 51334 0 0 GREG KETTEMAN PROVOST 40 0 X 53362 0 0 JON FORLINES V P FOR STUDENT AFFAIRS 40 0 X 43408 0 0 DAVID WILLIFORD V P FOR INSTITUTIONAL ADVANCEMENT 40 0 X 54656 0 0 Gary Fry V P for Church Relations 40 0 X 55055 0 0 328428 0 0 0 0 0 0 0 0 0 0 0 25228 1443460 0 1468688 Tuition and Fees 900099 3649111 3649111 0 0 Dormitories 900099 491068 491068 0 0 Cafeteria 900099 674874 674874 0 0 Bookstore and snackshop 900099 43694 43694 0 0 0 0 0 0 4858747 18424 18424 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Net transactions student loan fund 900099 3671 3671 0 0 Other revenues 900099 85675 85675 0 0 0 0 0 0 89346 6435205 4966517 0 0 0 1298807 1298807 328428 96770 121947 109711 0 1809175 1326015 357898 125262 444489 297557 92937 53995 0 42207 42207 27618 27618 0 5500 5500 31200 31200 52882 52882 296834 88250 151927 56657 3074 3074 349375 173878 175497 229721 41570 43465 144686 7888 7888 222242 222242 196251 118735 74608 2908 56408 56408 Campus Cafeteria and groceries 316544 316544 0 0 Lifetime and onlinelearning 120847 120847 0 0 Student loan and AR bad debts 167327 0 167327 0 Allocation of M&G and Op and Maint of Plant 0 746268 -853875 107607 572809 127314 366533 78962 6579626 4752555 1110583 716488 1271645 1224017 431962 367870 40046 88509 169955 45200 14544 7309 14476157 5078050 9326055 9398107 230706 248038 1271053 1410896 12755966 12789946 196047 202384 40001 51179 4818715 4711564 140516 125319 442881 579265 5638160 5669711 X 4669021 4588738 664905 813865 1783880 1717632 7117806 7120235 12755966 12789946 -144421 146850 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 968379 43935 151170 12195 0 0 1151289 0 0.88 0.12 1 1 1 30000 6186510 6216510 0 4561154 2539254 2021900 0 0 0 0 0 3060660 2538796 521864 0 637833 0 637833 9398107 Pooled investments with FWB Foundation 1410896 F 1410896 0 Student Deposits 177961 Accrued salaries and wages 103452 Asset retirement obligation 297852 579265 X 5158011 146850 0 0 0 146850 5011161 0 1424044 1424044 6435205 5155582 0 0 0 0 0 5155582 0 1424044 1424044 6579626 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 2014 and 2013. 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 expense in audited financial statements per GAAP, scholarships and other allowances against student fees ($1,298,807). The balance relates to other netting within permanently restricted funds of ($125,237 - which is primarily bad debts from student loans). Schedule D, Part XII, Line 4b Items netted to expense in audited financial statements per GAAP, scholarships and other allowances against student fees ($1,298,807). The balance relates to other netting within permanently restricted funds of ($125,237 - which is primarily bad debts from student loans). 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 or Pell grants, Work study grants, Supplemental Educational Opportunity grants and Federal Family Educational Loans. These funds are awarded to student s based on federal eligibilty requirements. 1 Scholarships to eligible students who meet the criteria of the College and / or the trust instruments which established the scholarship fund. 364 1298807 0 Cash payments or credits against charges Schedule I, Part I, Line 2 Scholarships to eligible students who meet the criteria of the College and/or trust instruments which established the scholarship fund. Bob Bass Former Board member 31200 Consulting services related to potential campus relocation 0 Form 990, Part V, Line 1c Answer should be not applicable Form 990, Part V, Line 7h Answer should be NA Form 990, Part VI, Section A, Line 2 The College does not prohibit the hiring of employee's spouses or children. Form 990, Part VI, Section A, Line 8a Minutes and exhibits supporting the minutes are maintained of each meeting of the Board of Trustees and its various committees. Form 990, Part VI, Section B, Line 11b The 990 is reviewed in detail by the VP of Financial Affairs and the President of the College. A draft is emailed to each member of the Board for review and approval prior to filing of the Form 990. Form 990, Part VI, Section B, Line 15 All compensation of officers and other key employess are approved by the Board of Trustees. 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 0 0 1 0 0 0