MILLIGAN UNIVERSITY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- MILLIGAN UNIVERSITY (EIN 62-0535755)
- Tax period
- 2012-06-01 to 2013-05-31
- Filed
- 2014-04-09
- IRS object ID
- 201430999349300103
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-04-09T07:48:12-05:00 | Timestamp |
| Tax Period End Date | 2013-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620647474 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLACKBURN CHILDERS & STEAGALL PLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1361 S WILCOX DRIVE | AddressLine1 |
| City | KINGSPORT | City |
| State | TN | State |
| ZIP Code | 37660 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620535755 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILLIGAN COLLEGE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MILL | NameControl |
| Phone | 4234618686 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 750 | AddressLine1 |
| City | MILLIGAN COLLEGE | City |
| State | TN | State |
| ZIP Code | 37682 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JACQUELINE R STEADMAN | Name |
| Title | VP FOR BUSINESS AND FINANCE | Title |
| Phone | 4234618686 | Phone |
| Date Signed | 2014-04-08 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHAD KISNER | Name |
| PTIN | P00738241 | PTIN |
| Phone | 4232461725 | Phone |
| Date Prepared | 2014-04-06 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JACQUELINE R STEADMAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 BLOWERS BOULEVARD | AddressLine1 |
| City | MILLIGAN COLLEGE | City |
| State | TN | State |
| ZIP Code | 37682 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 34185071 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MILLIGAN.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1882 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION IS A CHRISTIAN LIBERAL ARTS COLLEGE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 29 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 841 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 26429 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7571980 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3710995 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 28770562 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 29607445 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 619812 | InvestmentIncomePriorYear |
| Investment Income Current Year | 866631 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 36962354 | TotalRevenuePriorYear |
| Total Revenue Current Year | 34185071 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 9439344 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 9814434 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 974484 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11751301 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1385441 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19781340 | OtherExpensePriorYear |
| Other Expenses Current Year | 9340785 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 30195168 | TotalExpensesPriorYear |
| Total Expenses Current Year | 30906520 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6767186 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3278551 | RevenuesLessExpensesCY |
| Total Assets BOY | 57443014 | TotalAssetsBOY |
| Total Assets EOY | 71395938 | TotalAssetsEOY |
| Total Liabilities BOY | 7457287 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 15480988 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 49985727 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 55914950 | NetAssetsOrFundBalancesEOY |
| Mission Description | AS A CHRISTIAN LIBERAL ARTS COLLEGE, MILLIGAN COLLEGE SEEKS TO HONOR GOD BY EDUCATING MEN AND WOMEN TO BE SERVANT-LEADERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 24172174 | Expense |
| Grants | 9814434 | Grants |
| Revenue | 25221960 | Revenue |
| Description | OPERATION OF CHRISTIAN LIBERAL ARTS COLLEGE | Description |
| Total Program Service Expense | 24172174 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 97 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 841 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 29 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACQUELINE R STEADMAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4234618686 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 BLOWERS BOULEVARD | AddressLine1 |
| City | MILLIGAN COLLEGE | City |
| State | TN | State |
| ZIP Code | 37682 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (47 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| CHARLES ALLCOTT III | ||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 |
| W SCOTT KENT | ||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| RONALD G DOVE JR | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| DENNY MAYES | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| JOHN K BANKS | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| THOMAS J BURLESON | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DAVID CLARK | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM R CLEM | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| TAMMY W ELDRIDGE | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| HARRY E FONTAINE JR | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JAMES FRASURE MD | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| BRENDA GREEN | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JAMES EARL GREEN | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| PATRICIA GREEN | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| W B GREENE JR | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DAVID HAMILTON | ||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | |
| DAVID O HAMLIN | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MARSHALL W HAYDEN | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| C DANNY JOHNSON | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| GREG JOHNSON | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| TIMOTHY J LANZER | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| LEROY LAWSON | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DANIEL W MCMAHAN | ||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | |
| JOHN MEDING MD | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| KENNETH OOSTING | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| CAMERON PERRY | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| GARY PORTER | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JAMES R RICE MD | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| JO ANN RICHARDSON | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| RICK RUSAW | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| J DONALD SAMS | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| RONALD F SEWELL | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MARVIN SWINEY | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| MARK H WEBB | ||||||
| MEMBER AT LARGE | 1.00 | X | 0 | 0 | 0 | |
| JOHN J WIGGINS | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| CALVIN L WILSON JR | ||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | |
| DENNIS A BRATTON | ||||||
| TRUSTEE EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| W EDWARD FINE | ||||||
| TRUSTEE EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| OMER HAMLIN | ||||||
| TRUSTEE EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| DONALD B MARSHALL | ||||||
| TRUSTEE EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| N JEANNE STARKEY | ||||||
| TRUSTEE EMERITUS | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM B GREER | ||||||
| PRESIDENT | 40.00 | X | 180479 | 0 | 20454 | |
| R GARLAND YOUNG | ||||||
| VP FOR ACADEMIC AFFAIRS | 40.00 | X | 79983 | 0 | 12655 | |
| MARK P FOX | ||||||
| VP FOR STUDENT DEVELOPMNT | 40.00 | X | 85471 | 0 | 6025 | |
| JACQUELINE R STEADMAN | ||||||
| VP FOR BUSINESS AND FINANC | 40.00 | X | 97067 | 0 | 6837 | |
| A LEE FIERBAUGH | ||||||
| VP OF MARKETING, ENROLLMENT | 40.00 | X | 82379 | 0 | 8846 | |
| JACK SIMPSON | ||||||
| VP FOR INSTITUTIONAL ADVAN | 40.00 | X | 84542 | 0 | 14810 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 609921 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 69627 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BURLESON CONSTRUCTION COMPANY | |||||
| P O BOX 1735 | JOHNSON CITY | TN | 37605 | CONTRACTOR | 4250798 |
| PIONEER CATERERS INC | |||||
| 303 GLENROSE AVENUE | NASHVILLE | TN | 37210 | CAFETERIA SERVICE | 1396089 |
| THOMAS CONTRUCTION COMPANY INC | |||||
| 9 WESLEY COURT | JOHNSON CITY | TN | 37601 | CONTRACTOR | 1193138 |
| BEESON LUSK AND STREET INC | |||||
| P O BOX 1909 | JOHNSON CITY | TN | 37605 | ARCHITECT SERVICES | 264663 |
| COUNCIL FOR CHRISTIAN COLLEGES AND UNIVE | |||||
| 321 8TH STREET NE | WASHINGTON | DC | 20002 | STUDY ABROAD PROGRAM | 126625 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| All Other Contributions | 3710995 | AllOtherContributions |
| Noncash Contributions | 128325 | NoncashContributions |
| Total Contributions | 3710995 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | 25121325 | 25121325 | |
| AUXILIARY ENTERPRISES | 611710 | 3783594 | $3,783,594 | |
| SUMMER CAMPS | 611710 | 382267 | $382,267 | |
| OTHER INCOME | 611710 | 212286 | $212,286 | |
| STUDENT AID | 611710 | 100635 | 100635 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7338 | TotalRevenueColumn |
| Exclusion | $7,338 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 29607445 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 866631 | TotalRevenueColumn |
| Exclusion | $866,631 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 34185071 | TotalRevenueColumn |
| Related Or Exempt Function Income | 25221960 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $5,252,116 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9814434 | Total |
| Program Services | 9814434 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 694973 | Total |
| Program Services | 46975 | ProgramServices |
| Management And General | 483382 | ManagementAndGeneral |
| Fundraising | 164616 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9155486 | Total |
| Program Services | 7060951 | ProgramServices |
| Management And General | 1713776 | ManagementAndGeneral |
| Fundraising | 380759 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 414707 | Total |
| Program Services | 346822 | ProgramServices |
| Management And General | 48868 | ManagementAndGeneral |
| Fundraising | 19017 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 829140 | Total |
| Program Services | 629605 | ProgramServices |
| Management And General | 163053 | ManagementAndGeneral |
| Fundraising | 36482 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 656995 | Total |
| Program Services | 447192 | ProgramServices |
| Management And General | 168082 | ManagementAndGeneral |
| Fundraising | 41721 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4496 | Total |
| Management And General | 4496 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70700 | Total |
| Management And General | 70700 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1364518 | Total |
| Program Services | 1232850 | ProgramServices |
| Management And General | 106139 | ManagementAndGeneral |
| Fundraising | 25529 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 215295 | Total |
| Program Services | 9592 | ProgramServices |
| Management And General | 205703 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 760506 | Total |
| Program Services | 387464 | ProgramServices |
| Management And General | 273851 | ManagementAndGeneral |
| Fundraising | 99191 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 408506 | Total |
| Program Services | 102126 | ProgramServices |
| Management And General | 306380 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 982709 | Total |
| Program Services | 589625 | ProgramServices |
| Management And General | 294813 | ManagementAndGeneral |
| Fundraising | 98271 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 540543 | Total |
| Program Services | 445487 | ProgramServices |
| Management And General | 29226 | ManagementAndGeneral |
| Fundraising | 65830 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19737 | Total |
| Program Services | 14721 | ProgramServices |
| Management And General | 5016 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 291314 | Total |
| Program Services | 291314 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1319997 | Total |
| Program Services | 791998 | ProgramServices |
| Management And General | 395999 | ManagementAndGeneral |
| Fundraising | 132000 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 344100 | Total |
| Program Services | 206460 | ProgramServices |
| Management And General | 103230 | ManagementAndGeneral |
| Fundraising | 34410 | Fundraising |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OTHER EXPENSES | 2859883 | 1715930 | 857965 | 285988 |
| DUES AND SUBSCRIPTIONS | 158481 | 38628 | 118226 | 1627 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30906520 | Total |
| Program Services | 24172174 | ProgramServices |
| Management And General | 5348905 | ManagementAndGeneral |
| Fundraising | 1385441 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5430852 | BOY |
| EOY | 4557452 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2583516 | BOY |
| EOY | 6650047 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 419765 | BOY |
| EOY | 478420 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 867482 | BOY |
| EOY | 1015581 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 757258 | BOY |
| EOY | 647982 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 276408 | BOY |
| EOY | 221304 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64589 | BOY |
| EOY | 53962 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 51915204 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 20407077 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23847178 | BOY |
| EOY | 31508127 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23165856 | BOY |
| EOY | 26188252 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30110 | BOY |
| EOY | 74811 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57443014 | BOY |
| EOY | 71395938 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23240 | BOY |
| EOY | 600425 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 495845 | BOY |
| EOY | 791842 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4630210 | BOY |
| EOY | 11766743 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2307992 | BOY |
| EOY | 2321978 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7457287 | BOY |
| EOY | 15480988 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23042890 | BOY |
| EOY | 27146319 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9250951 | BOY |
| EOY | 9839402 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17691886 | BOY |
| EOY | 18929229 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49985727 | BOY |
| EOY | 55914950 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57443014 | BOY |
| EOY | 71395938 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3278551 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 2686714 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -36042 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20575559 | BeginningOfYearBalance |
| Contributions | 1217414 | Contributions |
| Investment Earnings Or Losses | 3414034 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -625126 | GrantsOrScholarships |
| End Of Year Balance | 24581881 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21587356 | BeginningOfYearBalance |
| Contributions | 721994 | Contributions |
| Investment Earnings Or Losses | -1463516 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -270275 | GrantsOrScholarships |
| End Of Year Balance | 20575559 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15862911 | BeginningOfYearBalance |
| Contributions | 2316476 | Contributions |
| Investment Earnings Or Losses | 3634060 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -226091 | GrantsOrScholarships |
| End Of Year Balance | 21587356 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12715413 | BeginningOfYearBalance |
| Contributions | 1726463 | Contributions |
| Investment Earnings Or Losses | 1474982 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -53947 | GrantsOrScholarships |
| End Of Year Balance | 15862911 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15785267 | BeginningOfYearBalance |
| Contributions | 1076919 | Contributions |
| Investment Earnings Or Losses | -3668787 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -447986 | GrantsOrScholarships |
| End Of Year Balance | 12715413 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00530 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.76700 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.22770 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1273480 | OtherCostOrOtherBasis |
| Book Value | 1273480 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 36362819 | OtherCostOrOtherBasis |
| Depreciation | 16189195 | Depreciation |
| Book Value | 20173624 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3978136 | OtherCostOrOtherBasis |
| Depreciation | 2902364 | Depreciation |
| Book Value | 1075772 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10300769 | OtherCostOrOtherBasis |
| Depreciation | 1315518 | Depreciation |
| Book Value | 8985251 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 31508127 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| STOCKS AND MUTUAL FUNDS | 25690366 | F |
| CORPORATE BONDS | 70596 | F |
| CASH AND CASH EQUIVALENTS HELD FOR LONG-TERM INVESTMENT | 427290 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 26188252 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED SALARIES AND WAGES | $952,625 |
| ADVANCES FROM FEDERAL GOVT FOR STUDENT LOANS | $905,843 |
| OTHER ACCRUED LIABILITIES AND PAYABLES | $216,970 |
| ANNUITY PAYMENT LIABILITIES | $246,540 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2321978 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 27021309 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2686714 | NetUnrealizedGainsInvestments |
| Other Revenues | -36042 | OtherRevenues |
| Revenue Not Rptd F990 | 2650672 | RevenueNotRptdF990 |
| Revenue Subtotal | 24370637 | RevenueSubtotal |
| Other Revenues Not Included | 9814434 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 9814434 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 34185071 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 21092086 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 21092086 | ExpensesSubtotal |
| Other Expenses Not Included | 9814434 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 9814434 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 30906520 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS FOR SCHOLARSHIPS, TECHNOLOGY, CHAIRS AND OTHER. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | NOTE 1(L) - UNCERTAIN TAX POSITIONS THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE COLLEGE FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC), WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF MAY 31, 2013, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEAR ENDED MAY 31, 2013. GENERALLY, THE TAX YEARS BEFORE 2010 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | NET ADJUSTMENT OF ANNUITY PAYMENT LIABILITY -36,042. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 9,814,434. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 9,814,434. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | THE COLLEGE'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED THROUGH RADIO ADVERTISEMENTS, PRINT PUBLICATIONS SUCH AS THE COLLEGE CATALOG, AND FINANCIAL AID AND RELATED MATERIALS, AND ADS FOR EMPLOYMENT. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FOR STUDENT FINANCIAL AID PROGRAMS SUCH AS THE FEDERAL PELL GRANT PROGRAM, AND MANY OTHERS FROM THE UNITED STATES DEPARTMENT OF EDUCATION. THE COLLEGE ALSO RECEIVES STUDENT FINANCIAL ASSISTANCE FROM THE STATE OF TENNESSEE IN THE FORM OF VARIOUS GRANTS AND LOTTERY SCHOLARSHIPS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | CASH SCHOLARSHIPS FOR STUDENTS ATTENDING MILLIGAN COLLEGE IN CARTER COUNTY, TENNESSEE | TypeOfGrant |
| Number Of Recipients | 791 | NumberOfRecipients |
| Amount Of Cash Grant | 9814434 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE COLLEGE DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE DISBURSED TO STUDENTS THROUGH CREDITING THEIR STUDENT ACCOUNTS. IF THE STUDENT HAS ANY EXCESS SCHOLARSHIP FUNDS OVER THEIR CHARGES, THESE FUNDS ARE DISBURSED TO THE STUDENT BY CHECK. THE COLLEGE'S PROCEDURES FOR MONITORING GRANT FUNDS IN THE U.S. ARE AS FOLLOWS: THE COLLEGE HAS APPOINTED DIRECTORS, WHO REPORT TO THE APPROPRIATE VICE PRESIDENTS, OVER ALL FEDERAL GRANT PROGRAMS. THESE DIRECTORS ARE CHARGED WITH PERFORMING ALL GRANT-RELATED ACTIVITIES INCLUDING APPLICATION, MONITORING OF EXPENDITURES AND REPORTING, WITH THE EXCEPTION OF DRAW-DOWNS OF FEDERAL FUNDS. DRAW-DOWNS ARE PERFORMED BY THE COLLEGE'S CONTROLLER AFTER REQUESTS ARE MADE BY THE DIRECTOR TO THE CONTROLLER. THE CONTROLLER REVIEWS THE REQUESTS FOR DRAW-DOWNS, WHICH INCLUDE DOCUMENTATION OF ALL DIRECT AND INDIRECT PROGRAM EXPENSES, BEFORE MAKING THE DRAW-DOWNS. A SINGLE AUDIT IS PERFORMED ANNUALLY BY THE COLLEGE'S INDEPENDENT AUDITORS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 0 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | WILLIAM B GREER | NamePerson |
| Title | PRESIDENT | Title |
| Base Compensation Filing Org | 180479 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 12132 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 8322 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 200933 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | FOR THE YEAR ENDED 05/31/13, THE COLLEGE PAID FOR SOME MEALS AND AIRFARE FOR THE PRESIDENT'S WIFE WHEN SHE TRAVELED WITH HIM ON COLLEGE BUSINESS. |
| PART I, LINE 1B | APPROVAL FOR COMPANION TRAVEL EXPENSES WAS GIVEN BY THE BOARD OF TRUSTEES AND DOCUMENTED IN THE MINUTES. |
| PART I, LINE 4B | THE COLLEGE ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN IN 2011. THE FIRST CONTRIBUTION WAS MADE IN MARCH, 2012 ON BEHALF OF WILLIAM B. GREER, PRESIDENT. A CONTRIBUTION OF $502 WAS MADE ON FEBRUARY 11, 2013. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| HEALTH & EDUCATIONAL FACILITIES BD OF THE CITY OF ELIZABETHTON TN | |||||||
| A | 626000283 | 2005-12-05 | 5500000 | CONSTRUCTION AND EQUIPPING OF EDUCATIONAL FACILITIES | 0 | 0 | 0 |
| INDUSTRIAL DEVELOPMENT BOARD OF CARTER COUNTY TN | |||||||
| B | 461322210 | 2012-12-07 | 7500000 | ACQUISITION, CONSTRUCTION AND EQUIPPING OF STUDENT RESIDENT FACILITIES | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount UnspentAmountUnspent |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 1078883 | 5500000 | 38851 | 5461149 | 2007 | 0 | 0 | 1 | 1 | |
| B | 154374 | 7500000 | 47840 | 5891502 | 2013 | 0 | 0 | 0 | 1 | 1560658 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 1 |
| B | 1 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII (2 entries)
| Name Of Interested PersonNameOfInterestedPerson | Relationship With OrganizationRelationshipWithOrganization | Amount Of GrantAmountOfGrant | Type Of AssistanceTypeOfAssistance | Purpose Of AssistancePurposeOfAssistance |
|---|---|---|---|---|
| DR WILLIAM B GREER | PRESIDENT OF MILLIGAN COLLEGE | 25735 | GRANT FOR A CHILD OF DR. WILLIAM B. GREER | TUITION GRANT |
| JACQUELINE R STEADMAN | VICE PRESIDENT FOR BUSINESS AND FINANCE OF MILLIGAN COLLEGE | 25735 | GRANT FOR A CHILD OF JACQUELINE R. STEADMAN | TUITION GRANT |
Form990 Schedule L Part IV Form990ScheduleLPartIV (6 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| MR JOHN K BANKS | |||
| MEMBER OF THE BOARD OF TRUSTEES | 11652 | MR. JOHN K. BANKS, THE COLLEGE'S ATTORNEY, IS A MEMBER OF THE BOARD OF TRUSTEES. MR. BANKS IS NOT PAID CASH FOR HIS SERVICES AS THE COLLEGE'S ATTORNEY. HOWEVER, FOR THE YEAR ENDED MAY 31, 2013, THE COLLEGE DID GIVE FREE TUITION TO TWO OF HIS RELATIVES. THE VALUE OF THIS TUITION WAS $11,652. | 0 |
| DR W B GREENE | |||
| MEMBER OF THE BOARD OF TRUSTEES | 22491397 | DR. W. B. GREENE, OWNER OF CARTER COUNTY BANK, IS A MEMBER OF THE BOARD OF TRUSTEES. THE COLLEGE HAS NUMEROUS CHECKING ACCOUNTS AT THE BANK, WHOSE DEPOSITS AT MAY 31, 2013 TOTALED APPROXIMATELY $9,442,247. THE COLLEGE HAS A $1,000,000 LINE OF CREDIT AT THE BANK WITH NO DRAWS FOR THE YEAR ENDED MAY 31, 2013. ON DECEMBER 5, 2005, THE COLLEGE OBTAINED A $5,500,000 TAX-EXEMPT BOND FROM THE BANK, WHICH IS SECURED BY THE ELIZABETH LEITNER GREGORY CENTER FOR THE LIBERAL ARTS. AT MAY 31, 2013, THE BALANCE OF THE LOAN WAS $4,421,117, AND THE INTEREST EXPENSE PAID FOR THE YEAR THEN ENDED WAS $201,751.ON DECEMBER 7, 2012, THE COLLEGE OBTAINED A $7,500,000 TAX-EXEMPT BOND FROM THE BANK, WHICH IS SECURED BY THE VILLAGE STUDENT RESIDENT HALLS. AT MAY 31, 2013, THE BALANCE OF THE LOAN WAS $7,345,626, AND THE INTEREST EXPENSE PAID FOR THE YEAR THEN ENDED WAS $80,656. | 0 |
| MR CALVIN L WILSON JR | |||
| MEMBER OF THE BOARD OF TRUSTEES | 8060033 | MR. CALVIN L. WILSON, JR., A SENIOR INVESTMENT ADVISOR WITH UBS FINANCIAL SERVICES, INC. (UBS), IS A MEMBER OF THE BOARD OF TRUSTEES. HE ALSO SERVES AS AN ADVISOR TO THE COLLEGE'S INVESTMENT COMMITTEE, BUT HE IS NOT A VOTING MEMBER OF THIS COMMITTEE. AT MAY 31, 2013, THE COLLEGE HAS APPROXIMATELY SEVENTY FIVE PERCENT ($20,421,635) OF ITS INVESTMENTS WITH UBS. FEES CHARGED BY UBS ARE COMPATIBLE WITH OTHER COMPANIES. FEES AVERAGE ABOUT 0.45% PER TRANSACTION. FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2012, FEES CHARGED WERE $60,033. THE COLLEGE'S LINE OF CREDIT AT UBS, WHICH IS COLLATERALIZED BY INVESTED FUNDS, WAS $8,000,000. THE BALANCE OUTSTANDING FOR THE ENTIRE FISCAL YEAR ENDED MAY 31, 2013 WAS ZERO. THE LINE OF CREDIT WAS CLOSED IN MAY, 2013. | 0 |
| MR TOMMY BURLESON | |||
| MEMBER OF THE BOARD OF TRUSTEES | 4250798 | MR. TOMMY BURLESON, OWNER OF BURLESON CONSTRUCTION, IS A MEMBER OF THE BOARD OF TRUSTEES. THE COLLEGE HAS USED BURLESON CONSTRUCTION FOR SEVERAL CONSTRUCTION PROJECTS IN THE PAST. BURLESON CONSTRUCTION IS SERVING AS THE GENERAL CONTRACTOR FOR THE CONSTRUCTION OF THE RESIDENCE VILLAGE WHICH WAS STARTED IN JUNE 2012 AND IS SCHEDULED FOR COMPLETION IN AUGUST 2013. BURLESON CONSTRUCTION WAS PAID $4,250,798 FOR THE YEAR ENDED MAY 31, 2013. | 0 |
| DR MARSHALL W HAYDEN | |||
| MEMBER OF THE BOARD OF TRUSTEES | 52165 | DR. MARSHALL W. HAYDEN IS A MEMBER OF THE BOARD OF TRUSTEES. HIS SISTER, LINDA LAWSON, IS EMPLOYED BY THE COLLEGE. HER GROSS SALARY FOR THE 2012 CALENDAR YEAR WAS $52,165. | 0 |
| MR DANIEL W MCMAHAN | |||
| MEMBER OF THE BOARD OF TRUSTEES | 560790 | MR. DANIEL W. MCMAHAN IS A MEMBER OF THE BOARD OF TRUSTEES. HE IS A SENIOR VICE-PRESIDENT OF BB&T (FORMERLY OLD COLONY INSURANCE) LOCATED IN LOUISVILLE, KENTUCKY. FOR THE YEAR ENDED MAY 31, 2013, MILLIGAN COLLEGE PAID BB&T $280,395 FOR INSURANCE SERVICES (GENERAL LIABILITY COVERAGE). THE COLLEGE PAID HARTFORD INSURANCE $280,395. BB&T REPRESENTS THE COLLEGE WITH HARTFORD INSURANCE. | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 117832 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | CLOSING STOCK PRICES | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BRENDA GREEN, A MEMBER OF THE BOARD OF TRUSTEES, IS A SISTER-IN-LAW OF JAMES EARL GREEN, A MEMBER OF THE BOARD OF TRUSTEES. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A COMPLETE COPY OF THE COLLEGE'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE INTERNAL REVENUE SERVICE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, EACH MEMBER OF THE BOARD OF TRUSTEES SUBMITS A SIGNED CONFLICT OF INTEREST AGREEMENT. AT THIS TIME, ANY KNOWN CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED TO THE GOVERNING BODY. SHOULD THE POTENTIAL OF A CONFLICT OF INTEREST ARISE, THE SUBJECT WILL BE DISCLOSED AND THE GOVERNING BOARD MEMBER WILL EXCUSE THEMSELVES FROM VOTING ON THE MATTER IN QUESTION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | PRESIDENT: THE BOARD OF TRUSTEES APPROVED THE SALARY OF THE PRESIDENT OF THE COLLEGE AND DID COMPARE THAT INFORMATION WITH PEER INSTITUTIONS AT THE TIME THE SALARY WAS DETERMINED OR HIRE DATE. THE BOARD OF TRUSTEES ALSO PASSED A RESOLUTION THAT THE PRESIDENT WOULD RECEIVE THE SAME PERCENTAGE INCREASE AS OTHER STAFF OF THE COLLEGE ON AN ANNUAL BASIS. THE SALARY OF THE PRESIDENT IS APPROVED AS PART OF THE BUDGETING PROCESS BY THE BOARD OF TRUSTEES ANNUALLY. OTHER OFFICERS OR KEY EMPLOYEES: SALARY INCREASES FOR OFFICERS ARE THE SAME PERCENTAGE GIVEN TO OTHER STAFF OF THE ORGANIZATION. THE PRESIDENT OF THE COLLEGE REVIEWS SALARIES OF OTHER OFFICERS AND COMPARES THEM WITH DATA FROM PEER INSTITUTIONS. THE PRESIDENT MAY RECOMMEND INCREASES OVER AND ABOVE THE PERCENTAGE INCREASES BASED ON MERIT OR TO MOVE SALARIES INTO MEDIAN RANGE OF PEER INSTITUTIONS. THE PRESIDENT HAS DISCRETION TO AWARD INCREASES BASED ON MERIT. THE PRESIDENT PRESENTS THESE RECOMMENDATIONS TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE SALARIES OF ALL OFFICERS ARE APPROVED AS PART OF THE BUDGETING PROCESS BY THE BOARD OF TRUSTEES ANNUALLY. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, LINE 9: | NET ADJUSTMENT OF ANNUITY PAYMENT LIABILITY -36,042. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FIANNCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THAT OF THE PRIOR YEAR. | FINANCIAL STATEMENTS AND REPORTING |
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