2012-12-10T08:32:15-06:00 2012-05-31 621736974 DEMPSEY VANTREASE & FOLLIS PLLC 630 S CHURCH ST STE 300 MURFREESBORO TN 37130 990 2011-06-01 620599339 CUMBERLAND UNIVERSITY CUMB 6154442562 ONE CUMBERLAND SQUARE LEBANON TN 37087 JUDY JORDAN 6155471249 2012-11-30 1 PAUL B VANTREASE JR CPA P01216364 6158936666 2012-11-30 X 2011 2016-02-24 21:20:13Z JUDY JORDAN ONE CUMBERLAND SQ LEBANON TN 37087 35653015 0 X WWW.CUMBERLAND.EDU X 1842 TN PROVIDING PRIVATE CO-EDUCATIONAL POST-SECONDARY EDUCATION TO ALL RACES AND CREEDS OF THE GENERAL PUBLIC. 24 24 486 0 0 0 3440722 3780166 27003537 29495623 130007 45157 126691 80691 30700957 33401637 12475490 13252913 0 0 9638518 10440179 0 0 657687 7984628 9414658 30098636 33107750 602321 293887 35274732 39581389 7155484 11617144 28119248 27964245 X TO PROVIDE PRIVATE CO-EDUCATIONAL POST-SECONDARY EDUCATION TO ALL RACES AND CREEDS OF THE GENERAL PUBLIC. 0 0 8343046 26105789 INSTRUCTION - PRIVATE UNIVERSITY PROVIDING EDUCATION FOR APPROXIMATELY 1,087 FULL-TIME AND 160 PART-TIME UNDERGRADUATE AND 244 GRADUATE STUDENTS THROUGH ITS FIVE UNDERGRADUATE DIVISIONS AND GRADUATE PROGRAMS. 4823956 3434991 STUDENT SERVICES - PROVIDE SERVICES TO THE APPROXIMATELY 1,365 STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE PROGRAMS. 2229753 OTHER SERVICES - SERVICES OPERATED FOR THE CONVENIENCE OF ITS STUDENTS, FACULTY, AND STAFF. 13252913 13252913 GRANTS & ALLOCATIONS - PROVIDES ASSISTANCE THROUGH FUNDED AND UNFUNDED SCHOLARSHIPS AND AWARDS TO THE APPROX 1,491 STUDENTS AND THROUGH GOVT FUNDED STUDENT FINANCIAL AID PROGRAMS TO APPROX 975 STUDENTS QUALIFYING FOR GOVT ASSISTANCE. 13252913 13252913 28649668 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 84 0 486 1 0 0 0 0 0 1 1 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X MS JUDY JORDAN 6154442562 ONE CUMBERLAND SQUARE LEBANON TN 370873554 ROBERT CARVER BONE MD 1.00 X 0 0 0 W P BONE III 2.00 X 0 0 0 MARTHA BRADSHAW 1.00 X 0 0 0 J RANDALL CLEMONS 1.00 X 0 0 0 SANDRA MOSS DUNCAN 2.00 X 0 0 0 J SAMUEL HATCHER 1.00 X 0 0 0 WILLIAM D HEYDEL DLL HONORIS CAUSA 1.00 X 0 0 0 JIM K LANCASTER DLL HONORIS CAUSA 1.00 X 0 0 0 BOB MCDONALD 2.00 X 0 0 0 MARK RIGGINS 1.00 X 0 0 0 ANNE B ROBERTS 1.00 X 0 0 0 DR EDWARD L THACKSTON PHD 8.00 X 0 0 0 JOSEPH ADAMS 4.00 X 0 0 0 JACQUELINE COWDEN 1.00 X 0 0 0 TRENT MCCRACKEN 1.00 X 0 0 0 FORREST SHOAF 1.00 X 0 0 0 BILL VALLETT 1.00 X 0 0 0 BOB N VERO 1.00 X 0 0 0 DAVID PAUL 1.00 X 0 0 0 JOHN VAN MOL 1.00 X 0 0 0 EDWARD CALLIS 1.00 X 0 0 0 GREG DUGDALE 1.00 X 0 0 0 SAAD EHTISHAM 1.00 X 0 0 0 ROY WAUFORD 1.00 X 0 0 0 DR HARVILL EATON PHD 40.00 X 215000 0 0 EDDIE PAWLAWSKI 40.00 X 107000 0 0 WILBUR PETERSON PHD 40.00 X 97505 0 0 JOE GRAY 40.00 X 92700 0 0 JUDY JORDAN 40.00 X 72167 0 0 RUSTY RICHARDSON 40.00 X 12922 0 0 CHARLES COLLIER 40.00 X 74817 0 0 672111 0 0 2 0 1 0 STEED BROTHERS CONTRACTORS LLP 309 E MAIN ST LEBANON TN 37087 CONSTRUCTION 2991864 CHARTWELLS DINING SERVICE PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICE PROVIDER 1124043 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 BUILDING AND GROUNDS MAINTENANCE 983590 DYE VAN MOL & LAWRENCE INC 700 12TH AVE S NASHVILLE TN 37203 ADVERTISING AGENCY 292482 CAPITAL EDUCATION LLC 200 SOUTH WACKER STE 1600 CHICAGO IL 60606 ONLINE IT PLATFORM PROVIDER 231797 8 2371739 1408427 3780166 TUITION & FEES 611310 26105789 26105789 STUDENT ROOM AND BOARD 611310 2800805 2800805 SUMMER CAMP, PROFESSIO 611310 317357 317357 AUXILIARY ENTERPRISES 611310 271672 271672 29495623 314415 314415 1376707 1645965 -269258 -269258 -269258 52226 56086 -3860 -3860 633878 549327 84551 84551 33401637 29540780 0 80691 13252913 13252913 779933 295106 288181 196646 8212544 6916410 1095509 200625 210739 169002 32427 9310 472603 379004 72720 20879 764360 612979 117614 33767 158108 158108 2283132 1887545 334399 61188 249669 26279 223115 275 2460018 1566420 779105 114493 927460 325370 602090 1704554 1636665 52487 15402 20470 19800 670 131544 131544 1034229 1034229 124717 124717 MEMBERSHIPS/SUBSCRIPTIO 121307 77493 39264 4550 PUBLICATIONS 80200 80200 RECRUITING 70778 70778 MISCELLANEOUS 48472 43214 4706 552 33107750 28649668 3800395 657687 5759511 5935138 575529 575575 639883 520785 1476866 2228164 234536 222387 404552 389488 330717 310241 34281900 14354284 15888740 19927616 6307418 5916552 3424552 3386003 232428 169440 35274732 39581389 1301767 1567268 1921099 2288110 3427199 7333503 505419 428263 7155484 11617144 X 17542707 17464638 5285222 5069220 5291319 5430387 28119248 27964245 35274732 39581389 X 293887 -448890 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 9781670 0 -429415 0 9352255 8571502 24740 1185428 9781670 7645949 37383 990062 101892 8571502 8806248 284247 -1122349 322197 7645949 0.41700 0.58300 0.00000 0 0 1056198 1056198 24659672 7764162 16895510 6751931 5385432 1366499 1814099 1204690 609409 19927616 CERTIFICATE OF DEPOSITS AND MONEY MARKET FUNDS 3366394 F ACCRUED INTEREST RECEIVABLE 19609 F 3386003 FEDERAL STUDENT LOAN FUNDS 290978 LIABILITIES UNDER ANNUITY AGREEMENTS 120764 CAPITAL LEASE OBLIGATIONS 16521 428263 33401637 33107750 293887 -432261 -16629 -448890 -155003 22852514 -432261 766952 334691 22517823 10883814 10883814 33401637 23007517 783581 783581 22223936 10883814 10883814 33107750 PART III, LINE 4: THE UNIVERSITY HOUSES A COLLECTION OF MOUNTED ANIMAL SPECIES FROM VARIOUS COUNTRIES IN ITS ADMINISTRATION BUILDING. THE COLLECTION IS VISITED FREQUENTLY BY CLASSES FROM DAY CARES, ELEMENTARY SCHOOLS, AND THE GENERAL PUBLIC. THE UNIVERSITY HOUSES A COLLECTION OF HISTORICAL RECORDS INCLUDING ORIGINAL MINUTES FROM ITS ORIGINATION IN THE LIBRARY ARCHIVES. THESE RECORDS ARE AVAILABLE TO THE PUBLIC BY APPOINTMENT FOR PERSONAL RESEARCH AND ARE PRESERVED FOR FUTURE GENERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. AT MAY 31, 2012, THE UNIVERSITYS TAX RETURNS RELATED TO FISCAL YEARS ENDED MAY 31, 2008 THROUGH MAY 31, 2011 REMAIN OPEN TO EXAMINATION BY TAX AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -16,629. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 549,327. VALUE OF DONATED FACILITY USE 161,539. FUNDRAISING EXPENSES 56,086. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND DISCOUNTS 10,883,814. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 549,327. VALUE OF DONATED FACILITY USE 161,539. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 16,629. FUNDRAISING EXPENSES 56,086. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND DISCOUNTS 10,883,814. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 IN COMMERCIALS AND MEDIA COVERAGE OF THE UNIVERSITY, THE NONDISCRIMINATORY POLICY IS MENTIONED. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES MONIES FROM U.S. DEPT OF EDUCATION AND TENNESSEE STUDENT ASSISTANCE CORPORATION IN THE FORM OF VARIOUS GRANTS. FEDERAL GRANTS INCLUDE PELL, SEOG, FEDERAL WORK STUDY. UNIVERSITY ALSO MAINTAINS ELIGIBILITY TO PARTICIPATE IN FEDERAL STAFFORD LOAN AND FEDERAL PERKINS LOAN PROGRAMS. STATE GRANTS RECEIVED IN FORM OF TSAC AND VOCATIONAL REHAB GRANTS. PHOENIX BALL 52226 52226 56086 52226 52226 56086 56086 -3860 1 STUDENT SCHOLARSHIPS 975 13252913 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENTS ARE VERIFIED FOR ELIGIBILITY AND FUNDS ARE POSTED TO EACH STUDENT'S ACCOUNT. ACCOUNT IS REFUNED IF NOT USED IN SPECIFIED TIME OR IF STUDENT WITHDRAWS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR HARVILL EATON PHD 215000 0 0 0 0 0 0 0 0 0 215000 0 0 0 PART I, LINE 1A PRESIDENT HARVILLE EATON IS PROVIDED A RESIDENCE AS PROVIDED FOR BY HIS EMPLOYMENT CONTRACT. IT HAS A VALUE OF $1,100/MONTH. WP BONE WILSON COUNTY MOTORS 5398 VEHICLE EXPENSE 0 CUMBERLAND DIRECTORS BAIRD FOUNDATION 0 BRYANT CARROLL BRADSHAW BAIRD TRUST 0 JOHN VAN MOL DYE, VAN MOL AND LAWRENCE 212235 ADVERTISING AGENCY 0 X 1 49996 X 1 37900 X USE OF SPACE/RENT 1 161539 FAIR MARKET VALUE OF SQUARE FEET X STEEL TREE 1 5000 0 1 1 THIRD PARTY USE: PART I, LINE 32B: WACHOVIA IS HIRED TO SELL GIFTS OF SECURITIES FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP: THREE DIRECTORS OF CUMBERLAND UNIVERSITY ARE ALSO DIRECTORS OF CEDARSTONE BANK, ONE OF WHOM IS THE PRESIDENT OF THE BANK. THE MEMBERS ARE FRAN MOSCARDELLI (DEC FEB 2012), BOB MCDONALD, AND JACKIE COWDEN. FORM 990, PART VI, SECTION B, LINE 11 THE CHAIRMAN OF THE BOARD RECEIVES AN E-MAIL COPY OF THE COMPLETED 990 BEFORE FILING AND IS RESPONSIBLE FOR REVIEWING AND/OR DISTRIBUTING TO THE BOARD MEMBERS FOR REVIEW AND FOR APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND TRUSTEES ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTERST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUST (ALL UNPAID) APPOINTS A COMMITTEE (EXCLUSIVE OF BOARD OFFICERS) TO EVALUATE THE PRESIDENT'S PERFORMANCE COMPARED TO ESTABLISHED GOALS. THE COMMITTEE USES AAUP SURVEYS FOR COMPARABLE SCHOOLS AND RECOMMENDS TO THE BOARD ANY CHANGES IN SALARY SUBJECT TO THE COMPLETE BOARD OF TRUST VOTE. MINUTES ARE KEPT OF COMMITTEE AND BOARD MEETINGS TO SUBSTANTIATE THE DECISION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -432,261. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -16,629. TOTAL TO FORM 990, PART XI, LINE 5: -448,890. 990 REVIEW PROCESS FORM 990, PART XI, LINE 2C THE CHAIRMAN OF THE BOARD RECEIVES AN E-MAIL COPY OF THE COMPLETED FORM 990 BEFORE FILING AND IS RESPONSIBLE FOR REVIEWING AND/OR DISTRIBUTING TO THE BOARD MEMBERS FOR REVIEW AND FOR APPROVAL BEFORE FILING.