2012-03-07T16:35:35-06:00 2011-06-30 JOSEPH DECOSIMO AND COMPANY PLLC 1100 TALLAN FINANCIAL CENTER CHATTANOOGA TN 37402 990 2010-07-01 620548919 TENNESSEE TEMPLE UNIVERSITY TENN 4234931000 1815 UNION AVENUE CHATTANOOGA TN 37404 JIM O'NEIL 4234931000 2012-03-01 1 W CECIL HAMMONTREE 4237567100 2010 2016-02-24 21:20:13Z STEVEN ECHOLS 1815 UNION AVENUE CHATTANOOGA TN 37404 10484860 0 X WWW.TNTEMPLE.EDU X 1946 TN CHRISTIAN LIBERAL ARTS INSTITUTION OF HIGHER EDUCATION THAT PREPARES STUDENTS FOR LIVES OF LEADERSHIP & SERVICE. 13 11 310 20 0 0 687725 277369 8086285 7671571 12359 2496049 758554 13996 9544923 10458985 1575431 977497 0 0 3262534 3452280 0 0 243741 3792640 4419117 8630605 8848894 914318 1610091 16652297 16567809 8385436 7252345 8266861 9315464 X TO PROVIDE EDUCATION AND RELATED SERVICES. 0 1 4976019 977497 7685567 INSTRUCTIONAL AND RELATED EXPENSES FOR APPROXIMATELY 1,000 UNIVERSITY STUDENTS. INCLUDES SUPPORT SERVICES OF DINING HALL, DORMS, AND OTHER HOUSING. 4976019 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 17 0 1 310 1 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 TN AL GA X X X LUCY LU 4234934200 1815 UNION AVENUE CHATTANOOGA TN 37404 JOHN BOREK 1.00 X 0 0 0 DR DAVID BOULER 1.00 X 0 0 0 PHIL SMITH 1.00 X 0 0 0 JIM HAMMOND 1.00 X 0 0 0 BUD HATTAWAY 1.00 X 0 0 0 JIM O'NEILL 40.00 X 44750 0 10250 GLENN COPELAND 1.00 X 0 0 0 DELL HAMILTON 1.00 X 0 0 0 HERB RAWLINGS 1.00 X 0 0 0 NANCYE ALLOWAY 1.00 X 0 0 0 WES HUGHEN 1.00 X 0 0 0 MEL LEATHERMAN 1.00 X 0 0 0 RANDY RAY 1.00 X 0 0 0 DR DANNY LOVETT 40.00 X 100083 0 86000 144833 0 96250 1 1 1 0 PIONEER COLLEGE CATERERS INC 4987 OAKMONT PLACE WESTERVILLE OH 43082 FOOD SERVICES 400000 38 PAGES 3755 CORPORATE WOODS DRIVE VESTAVIA HILLS AL 35242 IT SERVICES 120000 2 46059 231310 277369 TUITION AND FEES 611710 6400629 6400629 AUXILIARY SERVICES 611710 1270942 1270942 7671571 21924 21924 12150 12150 12150 12150 2500000 25875 2474125 2474125 2474125 MISCELLANEOUS REVENUE 611710 1846 1846 1846 10458985 7685567 0 2496049 977497 977497 608500 334650 189100 84750 2424060 1516333 837267 70460 57915 57915 213214 171292 34980 6942 148591 108252 30969 9370 73528 73528 117508 117508 515664 45525 462659 7480 68286 27544 33346 7396 333307 333307 468598 270174 198424 96013 96013 UTILITIES 690349 197535 492814 FACILITIES REPAIR 620905 344446 276459 CONTRACT LABOR 464070 343701 80121 40248 FOOD CATERING SERVICES 405505 388000 17505 CONSULTING 293316 193155 83066 17095 272068 272068 8848894 4976019 3629134 243741 371 8855 539860 1122437 863092 875729 3678188 3676857 120924 120923 116155 100246 26134761 15500705 11333707 10634056 0 0 28706 16652297 16567809 164072 312617 37355 4729131 3218903 3492233 3683470 8385436 7252345 X 7996189 9036380 149275 157687 121397 121397 8266861 9315464 16652297 16567809 X 1610091 -561488 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121397 121397 121397 121397 121397 121397 0.25340 0 1 1 1778625 1778625 16888152 10080519 6807633 78600 18668 59932 115475 95225 20250 7273909 5306293 1967616 10634056 ADVANCES FEDERAL STUDENT LOANS 3325494 DEPOSITS AND AGENCY FUNDS 357376 LIABILITIES RELATED TO DISCONTINUED OPERATIONS 600 3683470 10458985 8848894 1610091 -561488 -561488 1048603 9544953 63465 63465 9481488 977497 977497 10458985 7889320 17923 17923 7871397 977497 977497 8848894 PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN NET ASSETS FROM DISCONTINUED OPERATIONS -561,488. PART XII, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT INTEREST INCOME 13,367. ENDOWMENT UNREALIZED GAIN 50,098. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS REPORTED AS EXPENSES 977,497. PART XIII, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT UNREALIZED LOSS 17,923. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS REPORTED AS EXPENSES 977,497. 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 THIS POLICY IS PUBLISHED IN LOCAL NEWSPAPERS AND IN THE OTHER PRINTED PUBLICATIONS USED BY THE UNIVERSITY TO RECRUIT EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES ASSISTANCE FROM THE FOLLOWING FEDERAL PROGRAMS: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL FAMILY EDUCATION LOAN PROGRAM, FEDERAL WORK STUDY PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM AND ACADEMIC COMPETITIVENESS GRANT PROGRAM. 0 GOVERNMENTAL GRANT - WORK STUDY 84 115714 SCHOOL SCHOLARSHIPS 237 714944 TUITION DISCOUNTS 26 121022 OTHER INFORMATION: PART IV: THE ORGANIZATION USES A SOFTWARE CALLED ED EXPRESS TO MONITOR THE ELIGIBILITY OF THE FUNDS GRANTED TO THE STUDENTS FOR WORK STUDY, SCHOLARSHIPS & TUITION DISCOUNTS. THE SOFTWARE IS PROVIDED BY THE DEPARTMENT OF EDUCATION. X 1 0 X 0 0 0 0 0 0 0 0 0 DR DANNY LOVETT 100083 0 0 0 0 0 44000 0 42000 0 186083 0 162407 0 NANCYE ALLOWAY TRUSTEE 1010008 NOTE PAYABLE TO NANCYE ALLOWAY, PRINCIPAL DUE IN ONE LUMP SUM PAYMENT ON MAY 31, 2012, INTERST PAYMENTS OF $25,250 DUE QUARTERLY, UNSECURED. 0 GLEN COPELAND TRUSTEE 33600 THE UNIVERSITY LEASES CERTIAN REAL ESTATE FROM A MEMBER OF THE UNIVERSITY'S BOARD OF TRUSTEES. LEASE EXPENSE UNDER THIS OPERATING LEASE TOTALED $33,600 FOR EACH OF THE YEARS ENDED JUNE 30, 2011 AND 2010. THE LEASE EXPIRES JULY 31, 2026. 0 0 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 ON JUNE 30, 2011, THE UNIVERSITY DECIDED TO DISCONTINUE THE OPERATIONS OF TENNESSEE TEMPLE ACADEMY (THE ACADEMY), A NON-PROFIT PRIMARY AND SECONDARY EDUCATION PROVIDER. THE UNIVERSITY DECIDED TO CLOSE THE ACADEMY BECAUSE OF INCURRED OPERATING LOSSES AND A POOR ECONOMIC OUTLOOK. FORM 990, PART VI, SECTION B, LINE 11 FINANCE DEPT WILL REVIEW FOR ERRORS AND MISTAKES, THEN SUBMIT FORM-990 TO BOARD OF TRUSTEES-AUDIT COMMITTEE TO REVIEW FOR CORRECTIONS, THEN RETURN WITH CORRECTIONS, IF ANY, TO TAX ACCOUTANT TO FILE. FORM 990, PART VI, SECTION B, LINE 12C IT SHALL BE THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 MOTION BY MANAGEMENT EXECUTIVE COMMITTEE FIRST, REVIEWED BY BOARD OF TRUSTEES, AND THEN APPROVAL BY BOARD OF TRUSTEES FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN NET ASSETS FROM DISCONTINUED OPERATIONS -561,488. TOTAL TO FORM 990, PART XI, LINE 5: -561,488. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. TENNESSEE TEMPLE UNIVERSITY ENDOWMENT FUND 1815 UNION AVENUE CHATTANOOGA TN 37404 621833867 TO PROVIDE FUNDS TO PAY FOR EDUCATIONAL EXPENSES TN 501(C)(3) LINE 11A, I 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0