2014-09-03T06:49:30-05:00 2014-06-30 611129847 Marr Miller & Myers PSC PO Box 663 Corbin KY 40702 990 2013-07-01 610470593 University of the Cumberlands Inc Cumberland College Inc UNIV 6065492200 6180 College Station Drive Williamsburg KY 40769 JANA BAILEY Vice President of Finance 6065394234 2014-09-03 1 REBECCA B MYERS P00483090 6065282454 2013 2015-11-30 17:44:51Z Jana Bailey 6180 College Station Drive Williamsburg KY 40769 64823846 0 X www.ucumberlands.edu X 1889 KY Private Baptist University 28 28 1692 1415 0 0 17109995 15627268 38065750 41482474 2669250 2642572 3135880 4757125 60980875 64509439 7583910 8039690 0 0 18550663 21689187 0 0 0 24611022 26158876 50745595 55887753 10235280 8621686 176273138 185059316 43899895 44064387 132373243 140994929 Providing exceptional educational services in a private Baptist university environment. 0 0 51946672 8039690 48882171 Program service activity, tuition and fees,contribute importantly to the University's exempt purposes by providing educational services to students at less than the aggregate cost of these services. Such activity is the primary corporate purpose for which the University was formed. Athletics, sales and services and all auxiliary enterprises are essential components of the University's primary exempt purpose of providing educational service. Since these business activities are substantially related and contribute importantly to the accomplishment of the University's exempt purposes, the net income is not required to be reported on Form 990T. 51946672 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 209 0 1692 1 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Company Officials 6065492200 6180 College Station Drive Williamsburg KY 40769 Judge Jerry D Winchester Board of Trustees 10.00 X 0 0 0 Dr French B Harmon Board of Trustees 10.00 X 0 0 0 Dr John Mark Toby Board of Trustees 10.00 X 0 0 0 Dr William David Henard III Board of Trustees 10.00 X 0 0 0 Mr Bruce Rector Board of Trustees 10.00 X 0 0 0 Dr Roland Mullins Board of Trustees 10.00 X 0 0 0 Mr J Hunt Perkins Board of Trustees 10.00 X 0 0 0 Dr Paul Estes Board of Trustees 10.00 X 0 0 0 Dr Charles L Roesel Board of Trustees 10.00 X 0 0 0 Mr David Myers Board of Trustees 10.00 X 0 0 0 Dr Dallas Petrey Board of Trustees 10.00 X 0 0 0 Dr Richard Knock Board of Trustees 10.00 X 0 0 0 Mr Howard Mann Board of Trustees 10.00 X 0 0 0 Dr Carolyn Petrey Board of Trustees 10.00 X 0 0 0 Dr Dave Huff Board of Trustees 10.00 X 0 0 0 Mrs Maureen Henson Board of Trustees 10.00 X 0 0 0 Mr Paul Steely Board of Trustees 10.00 X 0 0 0 Mr Lonnie D Walden Board of Trustees 10.00 X 0 0 0 Mrs Lori Albro Lewis Board of Trustees 10.00 X 0 0 0 Dr Tony Hancock Board of Trustees 10.00 X 0 0 0 Dr Jim Oaks Board of Trustees/Chairman 10.00 X 0 0 0 Mr H Ray Hammons Jr Board of Trustees 10.00 X 0 0 0 Mr Donnie Patrick Board of Trustees 10.00 X 0 0 0 Mr Scott Thompson Board of Trustees 10.00 X 0 0 0 Mr Jon Westbrook Board of Trustees/Vice Chair 10.00 X 0 0 0 Mrs Georgetta Gannon Board of Trustees 10.00 X 0 0 0 Dr Oliver Keith Gannon Board of Trustees 10.00 X 0 0 0 Mr Donnie Rains Board of Trustees 10.00 X 0 0 0 Dr James Taylor President 40.00 X 161290 0 0 Larry Cockrum VP Academic Affairs 40.00 X 161757 0 0 Sue Wake VP Institutional Advancement 40.00 X 116977 0 0 Michael Colegrove VP Student Services 40.00 X 125867 0 0 Steve Morris VP Business Services 40.00 X 112610 0 0 Kyle Gilbert VP Operations 40.00 X 96850 0 0 Jana Bailey VP Finance 40.00 X 95120 0 0 Steve Allen VP Student Financial Planning 40.00 X 97629 0 0 Randy Vernon VP Director of Athletics 40.00 X 85222 0 0 Donnie Grimes VP Information Technology 40.00 X 86111 0 0 Eddie Perkins VP Physicians Asst Program 40.00 X 127205 0 0 1266638 0 0 7 0 1 0 0 8733512 6893756 15627268 Tuition/fees/room and 611710 38755837 38755837 Auxiliary enterprises 611710 1944897 1944897 Departmental sales and 611710 508498 508498 Other revenue 611710 273242 273242 41482474 2712746 2712746 244233 314407 -70174 -70174 -70174 Fair value change 611710 4570299 4570299 Actuarial adjustments 611710 186826 186826 4757125 64509439 48882171 0 0 X 8039690 8039690 1266638 1266638 16462506 16069299 393207 2780523 2443013 337510 1179520 1064591 114929 400556 355310 45246 976069 976069 464249 450357 13892 1020635 985054 35581 1192184 1192184 2769113 2413069 356044 523931 523931 Athletics 4170067 4170067 Operation and maintenan 4007873 3206298 801575 Supplies and external s 3849124 3603462 245662 Contracted services 3206846 3206846 3578229 3247432 330797 55887753 51946672 3941081 0 4506013 7158580 227310 176529 1124969 1242125 3870237 3382282 21287 14872 117710126 42446677 73772359 75263449 80189175 85017811 12561788 12803668 176273138 185059316 4969608 6203732 1582828 2069377 29430200 29312400 670000 550000 7247259 5928878 43899895 44064387 X 70999588 78490382 4179962 3233029 57193693 59271518 132373243 140994929 176273138 185059316 8621686 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 80189175 872365 3956271 85017811 76737974 479529 2971672 80189175 75983994 1692242 -938262 76737974 67789096 1076275 7118623 75983994 59218096 1573343 6997657 67789096 1 0 14919874 14919874 80372046 27944287 52427759 17876088 14496124 3379964 4542118 6266 4535852 75263449 Other Investments 85017811 F 85017811 Other Receivables 362034 Debt Issuance Costs, Net 334490 Note receivable-Cumberland Wellness Investment Fund, LLC 10955789 Museum collections 1151355 12803668 Actuarial Liability for Annuities Payable 2069933 Federal Student Loan Funds 3273945 Taxable bonds 585000 5928878 64699439 190000 190000 64509439 0 64509439 56404675 516922 516922 55887753 0 55887753 Part III, Line 4: The museum collections are on display at the Cumberland Inn and are there for educational purposes. Part XI, Line 2d - Other Adjustments: Lease income-Cumberland Wellness Properties 190000. Part XII, Line 2d - Other Adjustments: Depreciation-Cumberland Wellness Properties, Inc. 326922. Interest expense-Cumberland Wellness Properties, Inc. 190000. 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 University's nondiscriminatory policy is published in the student handbook, distributed to students at the beginning of each school year. Schedule E, Part I, Line 6 The University receives financial assistance from governmental agencies that it passes on to its students in the form of scholarships. 1 Student financial aid 1366 8039690 Form 990, Part IV, Line 22 THE UNIVERSITY HAS POLICIES AND PROCEDURES TO DETERMINE ELIGIBILITY FOR STUDENT FINANCIAL ASSISTANCE. THEY ALSO COMPLY WITH THE FEDERAL REQUIREMENTS FOR AWARDING STUDENT AID. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr James Taylor President 161290 0 0 0 0 0 0 0 0 0 161290 0 0 0 Larry Cockrum VP Academic Affairs 161757 0 0 0 0 0 0 0 0 0 161757 0 0 0 Part I, Line 1a Housing allowance for the President of the University of $18,000 is included in his taxable compensation. A University of the Cumberlands Inc 610470593 23041QAA3 2003-01-31 3500000 Capital projects 0 0 0 B University of the Cumberlands Inc 610470593 969579AA9 2002-12-20 26500000 Capital projects 0 0 0 C University of the Cumberlands Inc 610470593 2013-04-01 3000000 Capital projects 0 0 0 A 0 0 0 1 B 1055000 0 0 0 1 C 117800 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 X 1 23100 X 2 89726 FMV at date of gift X IRA 10 251350 Value of IRA X Mutual fund 3 15120 Mutual Fund Value X Services dona 1 11893 0 0 0 Form 990, Part VI, Section B, line 11 The 990 is reviewed by the audit and finance committee before filing. Form 990, Part VI, Section B, line 12c Disclosure forms are distributed annually to all Board of Trustees and to all faculty and staff. Form 990, Part VI, Section B, line 15 The President of the University is reviewed annually by the personnel committee of the Board of Trustees which recommend the compensation and benefit levels to the full Board. All management personnel are reviewed by the President of the University. Form 990, Part VI, Section C, line 19 The University would make its governing documents, conflict of interest policy and financial statements available to anyone who requested the documents. Form 990, Part IX, line 24e Utilities: Program service expenses 610796. Management and general expenses 0. Fundraising expenses 0. Total expenses 610796. Maintenance of equipment: Program service expenses 536738. Management and general expenses 3891. Fundraising expenses 0. Total expenses 540629. Bad debts/collection expenses: Program service expenses 516547. Management and general expenses 0. Fundraising expenses 0. Total expenses 516547. Banking/credit card fees: Program service expenses 213748. Management and general expenses 195217. Fundraising expenses 0. Total expenses 408965. Duplication: Program service expenses 284407. Management and general expenses 29861. Fundraising expenses 0. Total expenses 314268. Special events: Program service expenses 308420. Management and general expenses 0. Fundraising expenses 0. Total expenses 308420. Postage: Program service expenses 193454. Management and general expenses 61358. Fundraising expenses 0. Total expenses 254812. Telephone: Program service expenses 193680. Management and general expenses 18630. Fundraising expenses 0. Total expenses 212310. Dues and memberships: Program service expenses 143696. Management and general expenses 15239. Fundraising expenses 0. Total expenses 158935. Faculty development: Program service expenses 124204. Management and general expenses 4515. Fundraising expenses 0. Total expenses 128719. Casual labor: Program service expenses 92437. Management and general expenses 0. Fundraising expenses 0. Total expenses 92437. Amortization: Program service expenses 16052. Management and general expenses 2086. Fundraising expenses 0. Total expenses 18138. Miscellaneous: Program service expenses 13253. Management and general expenses 0. Fundraising expenses 0. Total expenses 13253. Form 990, Part XII, Line 2c: The University has an audit and finance committee which reviews and approves the audit of the financial statements prior to public distribution. Cumberland Wellness Properties Inc 6180 College Station Drive Williamsburg KY 40769 261289884 Leases educational property to University of the Cumberlands, Inc. KY 501 (c) (3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0