LIPSCOMB UNIVERSITY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LIPSCOMB UNIVERSITY (EIN 62-0485733)
- Tax period
- 2012-06-01 to 2013-05-31
- Filed
- 2013-12-15
- IRS object ID
- 201323519349300317
- 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 G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-12-15T16:26:02-06:00 | Timestamp |
| Tax Period End Date | 2013-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621199757 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LATTIMORE BLACK MORGAN & CAIN PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1869 | AddressLine1 |
| City | BRENTWOOD | City |
| State | TN | State |
| ZIP Code | 370241869 | 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 | 620485733 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIPSCOMB UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LIPS | NameControl |
| Phone | 6159661000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY PARK DRIVE | AddressLine1 |
| City | NASHVILLE | City |
| State | TN | State |
| ZIP Code | 372043951 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANNY H TAYLOR | Name |
| Title | SENIOR VP FOR FINANCE & ADMIN | Title |
| Phone | 6159661000 | Phone |
| Date Signed | 2013-12-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JULIE BARTLETT | Name |
| PTIN | P00742923 | PTIN |
| Phone | 6153774600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIPSCOMB UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DANNY H TAYLOR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY PARK DR | AddressLine1 |
| City | NASHVILLE | City |
| State | TN | State |
| ZIP Code | 37204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 179628775 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LIPSCOMB.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1891 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | LIPSCOMB UNIVERSITY DELIVERS A COMPLETE EDUCATION CHARACTERIZED BY INTEGRATION OF CHRISTIAN FAITH AND PRACTICE WITH ACADEMIC EXCELLENCE. THIS COMPLETE EDUCATION, WHICH INCLUDES LIBERAL ARTS STUDIES AND PROFESSIONAL PREPARATION, DOES NOT SUGGEST A FINISHED EDUCATION. RATHER, IT REFLECTS LIPSCOMB'S COMMITMENT TO THE COMPREHENSIVE DEVELOPMENT OF EACH STUDENT - SPIRITUALLY, INTELLECTUALLY, SOCIALLY, AND PHYSICALLY - AS LIPSCOMB PREPARES ITS GRADUATES FOR A LIFE OF LEARNING, LEADING, AND SERVING. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 32 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 31 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2793 | TotalNbrEmployees |
| Total Nbr Volunteers | 400 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10654498 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 12792618 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 120991226 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 131152914 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 403868 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2408093 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 524066 | OtherRevenuePriorYear |
| Other Revenue Current Year | 717847 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 132573658 | TotalRevenuePriorYear |
| Total Revenue Current Year | 147071472 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 19476541 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 24284303 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 57607333 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 63840429 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3040850 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 53365047 | OtherExpensePriorYear |
| Other Expenses Current Year | 48171697 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 130448921 | TotalExpensesPriorYear |
| Total Expenses Current Year | 136296429 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2124737 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 10775043 | RevenuesLessExpensesCY |
| Total Assets BOY | 210758202 | TotalAssetsBOY |
| Total Assets EOY | 223465775 | TotalAssetsEOY |
| Total Liabilities BOY | 112583710 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 109131180 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 98174492 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 114334595 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | LIPSCOMB UNIVERSITY DELIVERS A COMPLETE EDUCATION CHARACTERIZED BY INTEGRATION OF CHRISTIAN FAITH AND PRACTICE WITH ACADEMIC EXCELLENCE. THIS COMPLETE EDUCATION, WHICH INCLUDES LIBERAL ARTS STUDIES AND PROFESSIONAL PREPARATION, DOES NOT SUGGEST A FINISHED EDUCATION. RATHER, IT REFLECTS LIPSCOMB'S COMMITMENT TO THE COMPREHENSIVE DEVELOPMENT OF EACH STUDENT - SPIRITUALLY, INTELLECTUALLY, SOCIALLY, AND PHYSICALLY - AS LIPSCOMB PREPARES ITS GRADUATES FOR A LIFE OF LEARNING, LEADING, AND SERVING. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 69675178 | Expense |
| Grants | 24284303 | Grants |
| Revenue | 115079760 | Revenue |
| Description | INSTRUCTIONAL EXPENSES:CLASSROOM AND ONLINE AND GLOBAL INSTRUCTION IN A COLLABORATIVE CHRISTIAN LIBERAL ARTS LEARNING ENVIRONMENT FROM PRE-KINDERGARTEN THROUGH THE DOCTORAL LEVEL. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 19021971 | Expense |
| Description | STUDENT SERVICES:ENGAGING STUDENT LIFE IN A DYNAMIC AND DIVERSE COMMUNITY THAT GIVES STUDENTS THE OPPORTUNITY TO BE REAL WITH THEMSELVES AND EACH OTHER WHILE PROVIDING OPPORTUNITIES FOR SPIRITUAL FAITH DEVELOPMENT THROUGH SERVICE AND LEARNING. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 12345351 | Expense |
| Revenue | 16073154 | Revenue |
| Description | AUXILIARY ENTERPRISES:PROVIDES STUDENTS WITH THE ENGAGING ON-CAMPUS LIPSCOMB EXPERIENCE. STUDENTS WHO LIVE ON CAMPUS TYPICALLY EXPERIENCE A STRONG SENSE OF POSITIVE COMMUNITY. | Description |
Activity Other ActivityOther (3 entries)
| ExpenseExpense | DescriptionDescription |
|---|---|
| 10297649 | ACADEMIC SUPPORT:INCLUDES ACADEMIC COUNSELING & TESTING SERVICES, ACADEMIC PROGRAM DEVELOPMENT, UNIVERSITY DEANS, INSTRUCTIONAL TECHNOLOGY, LIBRARY SERVICES, AND OTHER AREAS DESIGNED TO ENHANCE A STUDENT'S LEARNING EXPERIENCE AND THE OVERALL QUALITY OF A STUDENT'S EDUCATION. |
| 2454539 | PUBLIC SERVICES:INCLUDES COMMUNITY OUTREACH ACTIVITIES, SPIRITUAL FORMATION ACTIVITIES, AND SUSTAINABILITY WHERE LIPSCOMB CAN POSITIVELY IMPACT COMMUNITIES AND THE ENVIRONMENT. |
| 0 | RESEARCH:INCLUDES POTENTIAL DISCOVERIES OF NEW OUTCOMES WITH A GOAL OF ADVANCING PROGRESS BOTH INSTITUTIONALLY AND GLOBALLY. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 12752188 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 113794688 | 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 | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | 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 | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | 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 | 422 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 2793 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| 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 | 32 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 31 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | 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 | DANNY H TAYLOR SVP FOR FINANCE & ADMINISTRATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6159667650 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY PARK DRIVE | AddressLine1 |
| City | NASHVILLE | City |
| State | TN | State |
| ZIP Code | 37204 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (49 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| RANDY LOWRY | |||||||
| PRESIDENT | 40.00 | X | X | 324469 | 0 | 135807 | |
| SALLIE DEAN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JAMES C ALLEN | |||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | ||
| BILLY LONG | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| J ADDISON BARRY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT A BRACKETT | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BART HARPER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| LORI SUTTON BRIDGES | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| D GERALD COGGIN SR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JERRY COVER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JOHN LITTLE | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBBIE B DAVIS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| STANLEY M EZELL | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| PETE T GUNN III | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| J GREGORY HARDEMAN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| LINDA HEFLIN JOHNSTON | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARTY R KITTRELL | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| NEIKA B STEPHENS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JW PITTS JR | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DAVID W SCOBEY JR | |||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| HARRIETTE H SHIVERS | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | ||
| CICELY SIMPSON | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DAVID L SOLOMON | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| TIM S THOMAS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM THOMAS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT E WOOD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARK H YOKLEY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| KENNETH SHUMARD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| GENERAL JOHN A BRADLEY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD G COWART | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM R HUSTON | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| SCOTT DOUGLAS SMITH | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CRAIG BLEDSOE | |||||||
| PROVOST | 40.00 | X | 177848 | 0 | 12751 | ||
| WALT LEAVER | |||||||
| VP OF UNIVERSITY RELATIONS | 40.00 | X | 106165 | 0 | 12420 | ||
| DANNY TAYLOR | |||||||
| SR VP FOR FINANCE & ADMIN | 40.00 | X | 195661 | 0 | 19192 | ||
| PHILIP HUTCHESON | |||||||
| ALTHETIC DIRECTOR | 40.00 | X | 150402 | 0 | 20244 | ||
| PHILLIP ELLENBURG | |||||||
| GENERAL COUNSEL | 40.00 | X | 102422 | 0 | 16630 | ||
| SCOTT MCDOWELL | |||||||
| VICE PRESIDENT FOR STUDENT DEVELOPMENT | 40.00 | X | 134336 | 0 | 18928 | ||
| BENNIE HARRIS | |||||||
| VICE PRESIDENT DEVELOPMENT | 40.00 | X | 48203 | 0 | 121398 | ||
| MIKE HAMMOND | |||||||
| VICE PRESIDENT & HEADMASTER | 40.00 | X | 125148 | 0 | 9469 | ||
| DEBY SAMUELS | |||||||
| VP COMMUNICATIONS & MARKET | 40.00 | X | 126002 | 0 | 11175 | ||
| SUSAN GALBREATH | |||||||
| ASSOCIATE PROVOST ACADEMIC & STRATEGIC INITIATIVES | 40.00 | X | 110166 | 0 | 16268 | ||
| JIM THOMAS | |||||||
| PROFESSOR AND EXEC. ASST TO THE PRESIDENT | 40.00 | X | 108596 | 0 | 8169 | ||
| NANCY MAGNUSSON DURHAM | |||||||
| SENIOR VICE PRESIDENT FOR STRATEGIC INITIATIVES | 40.00 | X | 172070 | 0 | 11925 | ||
| CANDICE MCQUEEN | |||||||
| DEAN OF THE EDUCATION | 40.00 | 219601 | 0 | 16253 | X | ||
| SCOTT H SANDERSON | |||||||
| HEAD BASKETBALL COACH | 40.00 | 382944 | 0 | 22918 | X | ||
| ROGER L DAVIS | |||||||
| DEAN OF COLLEGE OF PHARMACY | 40.00 | 227874 | 0 | 18724 | X | ||
| THOMAS M CAMPBELL | |||||||
| ASSOCIATE DEAN OF PHARMACY | 40.00 | 189672 | 0 | 20335 | X | ||
| CHARLES TURNEY STEVENS | |||||||
| DEAN OF COLLEGE OF BUSINESS | 40.00 | 166147 | 0 | 20921 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3067726 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 513527 | TotalOtherCompensation |
| Number Individuals GT100 K | 82 | 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 |
|---|---|---|---|---|---|
| SODEXO INC AND AFFILIATES | |||||
| ONE UNIVERSITY PARK DR | NASHVILLE | TN | 37204 | FOOD SERVICES | 4050743 |
| DF CHASE INC | |||||
| 3001 ARMORY DRIVE | NASHVILLE | TN | 37204 | CONSTRUCTION SERVICES | 2224514 |
| BACON CONSTRUCTION CO | |||||
| 1880 GENERAL GEORGE PATTON DR SUIT | FRANKLIN | TN | 37067 | CONSTRUCTION SERVICES | 1908138 |
| KIMBRO MECHANICAL LLC | |||||
| 1877 AIR LN DRIVE | NASHVILLE | TN | 37210 | CONSTRUCTION SERVICES | 825669 |
| INTERIOR DESIGN SERVICES INC | |||||
| PO BOX 415000 | NASHVILLE | TN | 37241 | INTERIOR DESIGN SERVICES | 713851 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 18 | NumberOfContractorsGT100K |
| Fundraising Events | 60298 | FundraisingEvents |
| Government Grants | 525291 | GovernmentGrants |
| All Other Contributions | 12207029 | AllOtherContributions |
| Noncash Contributions | 1889067 | NoncashContributions |
| Total Contributions | 12792618 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611710 | 110775492 | 110775492 |
| AUXILIARY REVENUE | 611710 | 16073154 | 16073154 |
| MISCELLANEOUS INCOME | 611710 | 4183004 | 4183004 |
| INCREASE - LIFE INSURA | 524298 | 121264 | 121264 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 131152914 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 920733 | TotalRevenueColumn |
| Exclusion | $920,733 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1060738 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 337172 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 723566 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 723566 | TotalRevenueColumn |
| Exclusion | $723,566 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 33572620 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 32082193 | Securities |
| Other | 3067 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1490427 | Securities |
| Other | -3067 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1487360 | TotalRevenueColumn |
| Exclusion | $1,487,360 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 129152 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 60298 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 134871 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -5719 | TotalRevenueColumn |
| Exclusion | -$5,719 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 147071472 | TotalRevenueColumn |
| Related Or Exempt Function Income | 131152914 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $3,125,940 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33469 | Total |
| Program Services | 33469 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24250834 | Total |
| Program Services | 24250834 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1640903 | Total |
| Management And General | 1640903 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52377628 | Total |
| Program Services | 46073503 | ProgramServices |
| Management And General | 4388121 | ManagementAndGeneral |
| Fundraising | 1916004 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1829894 | Total |
| Program Services | 1558156 | ProgramServices |
| Management And General | 194579 | ManagementAndGeneral |
| Fundraising | 77159 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4425204 | Total |
| Program Services | 3676792 | ProgramServices |
| Management And General | 394337 | ManagementAndGeneral |
| Fundraising | 354075 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3566800 | Total |
| Program Services | 3075778 | ProgramServices |
| Management And General | 360440 | ManagementAndGeneral |
| Fundraising | 130582 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100659 | Total |
| Program Services | 12434 | ProgramServices |
| Management And General | 88225 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95083 | Total |
| Management And General | 95083 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 221767 | Total |
| Management And General | 221767 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 841656 | Total |
| Program Services | 751987 | ProgramServices |
| Management And General | 80860 | ManagementAndGeneral |
| Fundraising | 8809 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7211886 | Total |
| Program Services | 4731596 | ProgramServices |
| Management And General | 2189094 | ManagementAndGeneral |
| Fundraising | 291196 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2093340 | Total |
| Program Services | 1514377 | ProgramServices |
| Management And General | 496564 | ManagementAndGeneral |
| Fundraising | 82399 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 535918 | Total |
| Program Services | 513327 | ProgramServices |
| Management And General | 22591 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6692200 | Total |
| Program Services | 6001610 | ProgramServices |
| Management And General | 557544 | ManagementAndGeneral |
| Fundraising | 133046 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 498270 | Total |
| Program Services | 388721 | ProgramServices |
| Management And General | 79844 | ManagementAndGeneral |
| Fundraising | 29705 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3730291 | Total |
| Management And General | 3730291 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6879600 | Total |
| Program Services | 5768679 | ProgramServices |
| Management And General | 1110921 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5228418 | Total |
| Program Services | 4300206 | ProgramServices |
| Management And General | 928212 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CONTRACT SERVICES | 6268930 | 5135723 | 1094866 | 38341 |
| UTILITIES | 3352069 | 3351323 | 746 | |
| GENERAL EXPENSES | 2352340 | 1627679 | 724661 | |
| SPECIAL EVENTS | 1511151 | 953047 | 443699 | 114405 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 558119 | Total |
| Program Services | 75447 | ProgramServices |
| Management And General | 617543 | ManagementAndGeneral |
| Fundraising | -134871 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 136296429 | Total |
| Program Services | 113794688 | ProgramServices |
| Management And General | 19460891 | ManagementAndGeneral |
| Fundraising | 3040850 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1629478 | BOY |
| EOY | 3495404 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4147015 | BOY |
| EOY | 5042096 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1848623 | BOY |
| EOY | 1725745 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 229031813 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 89555110 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133602849 | BOY |
| EOY | 139476703 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10063713 | BOY |
| EOY | 9931353 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57720079 | BOY |
| EOY | 61926765 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1746445 | BOY |
| EOY | 1867709 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 210758202 | BOY |
| EOY | 223465775 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30031125 | BOY |
| EOY | 27984239 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1282552 | BOY |
| EOY | 1230812 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67457222 | BOY |
| EOY | 65320000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1788171 | BOY |
| EOY | 1629240 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 771102 | BOY |
| EOY | 2745409 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11253538 | BOY |
| EOY | 10221480 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112583710 | BOY |
| EOY | 109131180 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11972009 | BOY |
| EOY | 23772920 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48210510 | BOY |
| EOY | 49978870 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37991973 | BOY |
| EOY | 40582805 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98174492 | BOY |
| EOY | 114334595 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 210758202 | BOY |
| EOY | 223465775 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 10775043 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 5385064 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -4 | ReconcilationOtherChanges |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 55828784 | BeginningOfYearBalance |
| Contributions | 2478607 | Contributions |
| Investment Earnings Or Losses | 7431475 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1689323 | GrantsOrScholarships |
| Other Expenditures | 1775000 | OtherExpenditures |
| End Of Year Balance | 62274543 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 60089971 | BeginningOfYearBalance |
| Contributions | 1900832 | Contributions |
| Investment Earnings Or Losses | -2120132 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1991887 | GrantsOrScholarships |
| Other Expenditures | 2050000 | OtherExpenditures |
| End Of Year Balance | 55828784 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 51975962 | BeginningOfYearBalance |
| Contributions | 2401561 | Contributions |
| Investment Earnings Or Losses | 10224945 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1977336 | GrantsOrScholarships |
| Other Expenditures | 2535161 | OtherExpenditures |
| End Of Year Balance | 60089971 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 51874685 | BeginningOfYearBalance |
| Contributions | 2209722 | Contributions |
| Investment Earnings Or Losses | 2304501 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 4243501 | GrantsOrScholarships |
| Administrative Expenses | 169445 | AdministrativeExpenses |
| End Of Year Balance | 51975962 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 78746075 | BeginningOfYearBalance |
| Contributions | 2406005 | Contributions |
| Investment Earnings Or Losses | -22177746 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 6922131 | GrantsOrScholarships |
| Administrative Expenses | 177518 | AdministrativeExpenses |
| End Of Year Balance | 51874685 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.17460 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.64680 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.17860 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 13114009 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 182100773 | OtherCostOrOtherBasis |
| Depreciation | 76605857 | Depreciation |
| Book Value | 118608925 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 30781836 | OtherCostOrOtherBasis |
| Depreciation | 12949253 | Depreciation |
| Book Value | 17832583 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3035195 | OtherCostOrOtherBasis |
| Book Value | 3035195 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 139476703 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENTS - SHORT TERM/MUTUAL FUNDS | 33208896 | F |
| INVESTMENTS - LIMITED PARTNERSHIP INTERESTS | 28564618 | F |
| INVESTMENTS - COMMODITIES | 153251 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 61926765 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| OTHER LIABILITIES | $7,381,480 |
| CURRENT PORTION OF TAX EXEMPT BONDS PAYABLE | $2,840,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10221480 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 128429179 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 5385064 | NetUnrealizedGainsInvestments |
| Other Revenues | 472043 | OtherRevenues |
| Revenue Not Rptd F990 | 5857107 | RevenueNotRptdF990 |
| Revenue Subtotal | 122572072 | RevenueSubtotal |
| Investment Expenses Not Included | 221767 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 24277633 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 24499400 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 147071472 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 112269076 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 472047 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 472047 | ExpensesNotRptdF990 |
| Expenses Subtotal | 111797029 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 221767 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 24277633 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 24499400 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 136296429 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE ENDOWMENT FUNDS ARE USED TO PROVIDE FUNDS FOR PROFESSORSHIPS, CHAIRS AND SCHOLARSHIPS FOR STUDENTS AND GENERAL SUPPORT FOR OPERATIONS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE 501(C)(3) AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. AS OF MAY 31, 2013 AND 2012, THE UNIVERSITY HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE UNIVERSITY'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE UNIVERSITY FILES U.S. FEDERAL INFORMATION TAX RETURNS AND IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERAL REVENUE SERVICE FOR THE YEARS ENDED AFTER MAY 31, 2009. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 337,172. EXPENSE INCLUDE IN EXPENSE ON F/S AND RECLASSED TO INCOME FOR TAX RETURN 134,871. | |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED WITH REVENUE ON THE F/S 24,250,834. MISCELLANEOUS ADJUSTMENT BETWEEN REVENUE AND EXPENSES 26,799. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 337,172. EXPENSE INCLUDE IN EXPENSE ON F/S AND RECLASSED TO INCOME FOR TAX RETURN 134,871. ROUNDING 4. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED WITH REVENUE ON THE F/S 24,250,834. MISCELLANEOUS ADJUSTMENT BETWEEN REVENUE AND EXPENSES 26,799. |
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 | LIPSCOMB UNIVERSITY PUBLISHES ITS "NOTICE OF NONDISCRIMINATORY POLICY" IN BROCHURES, STUDENT HANDBOOKS, CATALOGS, ON THEIR WEBSITE AS WELL AS THEIR JOB POSTING ADS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | GOVERNMENT GRANTS TOTALED $525,291 FOR PERIOD ENDING MAY 31, 2013. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | CS ART EVENT | NameOfEvent1 |
| Gross Receipts Event1 | 189450 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 60298 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 129152 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 134871 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 189450 | GrossReceiptsTotal |
| Charitable Contributions Total | 60298 | CharitableContributionsTotal |
| Gross Revenue Total Events | 129152 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 134871 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 134871 | DirectExpenseSummaryEvents |
| Net Income Summary | -5719 | NetIncomeSummary |
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 | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 2629 | NumberOfRecipients |
| Amount Of Cash Grant | 24240834 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | NONE | 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: LIPSCOMB UNIVERSITY HAS AN ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS AND AN ANNUAL AUDIT OF ITS FINANCIAL AID AWARDING PROCESS (CALLED THE OMB CIRCULAR A-133 AUDIT). IN ADDITION, FINANCIAL AID COUNSELORS ATTEND CONFERENCES AND TRAINING SESSIONS ON FINANCIAL AID AWARDING POLICIES, PROCEDURES, AND CONTROLS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Payments For Use Of Residence | X | PaymentsForUseOfResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | 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 (12 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RANDY LOWRY | ||||||||||||||
| PRESIDENT | 301999 | 0 | 0 | 0 | 22470 | 0 | 17150 | 0 | 118657 | 0 | 460276 | 0 | 0 | 0 |
| CRAIG BLEDSOE | ||||||||||||||
| PROVOST | 157344 | 0 | 0 | 0 | 20504 | 0 | 12182 | 0 | 569 | 0 | 190599 | 0 | 0 | 0 |
| DANNY TAYLOR | ||||||||||||||
| SR VP FOR FINANCE & ADMIN | 174025 | 0 | 0 | 0 | 21636 | 0 | 13489 | 0 | 5703 | 0 | 214853 | 0 | 0 | 0 |
| PHILIP HUTCHESON | ||||||||||||||
| ALTHETIC DIRECTOR | 129563 | 0 | 2500 | 0 | 18339 | 0 | 10478 | 0 | 9766 | 0 | 170646 | 0 | 0 | 0 |
| SCOTT MCDOWELL | ||||||||||||||
| VICE PRESIDENT FOR STUDENT DEVELOPME | 120766 | 0 | 0 | 0 | 13570 | 0 | 9766 | 0 | 9162 | 0 | 153264 | 0 | 0 | 0 |
| BENNIE HARRIS | ||||||||||||||
| VICE PRESIDENT DEVELOPMENT | 35304 | 0 | 0 | 0 | 12899 | 0 | 10117 | 0 | 111281 | 0 | 169601 | 0 | 0 | 0 |
| NANCY MAGNUSSON DURHAM | ||||||||||||||
| SENIOR VICE PRESIDENT FOR STRATEGIC | 145948 | 0 | 0 | 0 | 26122 | 0 | 11356 | 0 | 569 | 0 | 183995 | 0 | 0 | 0 |
| CANDICE MCQUEEN | ||||||||||||||
| DEAN OF THE EDUCATION | 211201 | 0 | 0 | 0 | 8400 | 0 | 8400 | 0 | 7853 | 0 | 235854 | 0 | 0 | 0 |
| SCOTT H SANDERSON | ||||||||||||||
| HEAD BASKETBALL COACH | 250838 | 0 | 107582 | 0 | 24524 | 0 | 15092 | 0 | 7826 | 0 | 405862 | 0 | 0 | 0 |
| ROGER L DAVIS | ||||||||||||||
| DEAN OF COLLEGE OF PHARMACY | 202940 | 0 | 0 | 0 | 24934 | 0 | 15461 | 0 | 3263 | 0 | 246598 | 0 | 0 | 0 |
| THOMAS M CAMPBELL | ||||||||||||||
| ASSOCIATE DEAN OF PHARMACY | 170785 | 0 | 0 | 0 | 18887 | 0 | 13727 | 0 | 6608 | 0 | 210007 | 0 | 0 | 0 |
| CHARLES TURNEY STEVENS | ||||||||||||||
| DEAN OF COLLEGE OF BUSINESS | 150208 | 0 | 0 | 0 | 15939 | 0 | 11924 | 0 | 8997 | 0 | 187068 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUNTRUST BANK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 580466330 | IssuerEIN |
| Date Issued | 2012-09-05 | DateIssued |
| Issue Price | 71000000 | IssuePrice |
| Description Of Purpose | REFUND SERIES 2009 AND 2011 BONDS | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 71000000 | TotalProceeds |
| Issuance Costs From Proceeds | 51216 | IssuanceCostsFromProceeds |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Bond Iss Meet Prvt Security Pay Test | 1 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 0 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUNTRUST ROBINSON | BusinessNameLine1 |
| Business Name Line2 | HUMPHREY | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 15.000000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (5 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| RHONDA LOWRY | |||
| PRESIDENT'S SPOUSE | 30000 | UNIVERSITY EMPLOYEE | 0 |
| JOHN LOWRY | |||
| PRESIDENT'S SON | 143501 | UNIVERSITY EMPLOYEE | 0 |
| MELISSA LOWRY | |||
| PRESIDENT'S DAUGHTER-IN-LAW | 42664 | UNIVERSITY EMPLOYEE | 0 |
| DAVID SOLOMON | |||
| BOARD MEMBER | 15500 | RENTAL REAL PROPERTYRENTAL REAL PROPERTY | 0 |
| HARRIETTE SHIVERS | |||
| BOARD MEMBER | 37805 | RENTAL REAL PROPERTY | 0 |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 5737 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | DONOR STATEMENT OF VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 16 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1784503 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV AT DATE OF SALE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (5 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | STERLING SILVER FLATWARE | 1 | 10625 | APPRAISAL |
| X | ESPN SUITE-CARBONITE/XPRESSION PACKAGE | 1 | 57410 | SIMILAR PURCHASE |
| X | CHAIN LINK FENCING & GATES | 1 | 7287 | SIMILAR PURCHASE |
| X | STEEL FENCE SYSTEM & GATES | 1 | 10505 | SIMILAR PURCHASE |
| X | LOCKER ROOM FLOORING | 1 | 13000 | SIMILAR PURCHASE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | BOARD DELEGATES THIS RESPONSIBILITY TO THE AUDIT COMMITTEE OF THE BOARD. ONCE THE AUDIT COMMITTEE HAS APPROVED FORM 990, IT IS POSTED ON THE LIPSCOMB TRUSTEE WEBSITE PRIOR TO BEING FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | RELATED PARTY CONFIRMATIONS ARE REVIEWED AND FOLLOWED UP BY THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AS WELL AS THE UNIVERSITY'S INDEPENDENT ACCOUNTING FIRM, LBMC, ON AN ANNUAL BASIS. ALSO, THE AUDIT COMMITTEE OF THE BOARD REVIEWS RELATED PARTY RELATIONSHIPS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD SETS THE PRESIDENT'S SALARY ANNUALLY BASED ON HIS CONTRACT. HIS INITIAL COMPENSATION WAS ESTABLISHED BASED ON A REVIEW OF MARKET DATA AND THE NEGOTIATION PROCESS. THIS SAME PROCESS OCCURS WITH OTHER OFFICERS AND KEY EMPLOYEES. SALARY POOL INCREASES ARE ALSO A COMPENENT OF ANNUAL COMPENSATION BASED ON APPROVED BUDGET FUNDING. | |
| FORM 990, PART VI, SECTION C, LINE 18 | THE UNIVERSITY MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART XI, LINE 9: | ROUNDING -4. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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