2012-05-15T10:56:47-05:00 2011-06-30 BLACKBURN CHILDERS & STEAGALL PLC 440 EAST SULLIVAN STREET KINGSPORT TN 37660 990 2010-07-01 626001104 JOHNSON BIBLE COLLEGE JOHN 8655734517 7900 JOHNSON DRIVE KNOXVILLE TN 37998 CHRISTOPHER R ROLPH 8655734517 2012-05-14 1 CHAD KISNER 4232461725 2012-05-14 2010 2016-02-24 21:20:13Z CHRISTOPHER R ROLPH 7900 JOHNSON DRIVE KNOXVILLE TN 37998 15904472 0 X WWW.JBC.EDU X 1893 TN FOR OVER 100 YEARS, JOHNSON BIBLE COLLEGE HAS REMAINED FOCUSED ON ITS MISSION OF PREPARING STUDENTS FOR SPECIALIZED CHRISTIAN MINISTRIES WITH SPECIAL EMPHASIS ON PREACHING. EVERY STUDENT AT JOHNSON BIBLE COLLEGE MAJORS IN BIBLE. FROM PREACHING AND YOUTH MINISTRY TO FAMILY COUNSELING AND TEACHER EDUCATION, EVERY DEGREE PROGRAM IS ROOTED IN MINISTRY. 13 13 695 298 17110 16110 3952873 3624591 9535866 10583751 1591495 1672133 12950 17110 15093184 15897585 1364311 1450156 0 0 510589 737808 0 0 473583 14947459 15441093 16822359 17629057 -1729175 -1731472 145690575 156772651 29174458 28295161 116516117 128477490 X JOHNSON BIBLE COLLEGE IS A PRIVATE, COEDUCATIONAL INSTITUTE OF HIGHER LEARNING OFFERING ASSOCIATE, BACHELOR'S, AND MASTER'S DEGREES. THE PRIMARY PURPOSE OF JOHNSON BIBLE COLLEGE IS TO EDUCATE STUDENTS FOR SPECIALIZED CHRISTIAN MINISTRIES WITH EMPHASIS ON THE PREACHING MINISTRY. A SECONDARY PURPOSE IS TO PROVIDE PROGRAMS IN CHRISTIAN LEADERSHIP AND COMMUNITY SERVICE. 0 0 8664176 1450156 6890967 OPERATION OF COLLEGE 8664176 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 0 1 184 0 1 695 1 1 1 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X CHRISTOPHER R ROLPH VP BUSINESS A 8652512140 7900 JOHNSON DRIVE KNOXVILLE TN 37998 MR L D CAMPBELL 1.00 X X 0 0 0 DR RALPH D CARNATHAN 1.00 X X 0 0 0 MR JEFF WHITLOCK 1.00 X X 0 0 0 MRS MARTHA ALLIGOOD 1.00 X 0 0 0 MR W PERRY BAILEY 1.00 X 0 0 0 DR JEFFREY CASE 1.00 X 0 0 0 MRS CAROL CLIFFORD 1.00 X 0 0 0 MR GREGORY J GRANT 1.00 X 0 0 0 GEORGE W HALEY 1.00 X 0 0 0 MR DREW MENTZER 1.00 X 0 0 0 MR SAM WIDENER 1.00 X 0 0 0 MR CHARLES WINGFIELD 1.00 X 0 0 0 DR RICHARD E WOODS 1.00 X 0 0 0 GARY E WEEDMAN 60.00 X 121874 0 28977 RICK BEAM 50.00 X 88589 0 11314 CHRISTOPHER R ROLPH 50.00 X 77272 0 15474 PHILIP EUBANKS 50.00 X 72798 0 15039 DAVID L LEGG 50.00 X 77881 0 6940 MARK PIERCE 50.00 X 66945 0 3114 TIMOTHY WINGFIELD 50.00 X 55141 0 12137 DAVID L EUBANKS 10.00 X 106155 0 0 666655 0 92995 2 1 1 0 PIONEER COLLEGE CATERERS INC 303 GLENROSE AVENUE NASHVILLE TN 37210 CAFETERIA SERVICE 780399 BLUE CROSS BLUE SHIELD OF TN 1 CAMERON HILL CIRCLE SUITE 0009 CHATTANOOGA TN 374020009 INSURANCE SERVICES 417402 FIDELITY INVESTMENTS P O BOX 5000 CINCINNATI OH 452738300 ADMINISTER 403(B) RETIREMENT PLAN 303381 CARDMEMBER SERVICE P O BOX 790408 ST LOUIS MO 631790408 CREDIT CARD PROCESSING COMPANY 243235 VANGUARD FIDUCIARY TRUST COMPANY P O BOX 8106 VALLEY FORGE PA 19398 ADMINISTER 403(B) RETIREMENT PLAN 153559 6 103483 3521108 41573 3624591 TUITION AND FEES 611710 6701292 6701292 AUXILIARY ENTERPRISES 611710 3692784 3692784 OTHER INCOME 611710 189675 189675 10583751 1675230 1675230 18900 1790 17110 17110 17110 2000 5097 -3097 -3097 -3097 15897585 6890967 17110 5364917 1450156 1450156 737808 284239 453569 976450 316603 659847 956417 190908 765509 1702499 826238 876261 INSTITUTIONAL SUPPORT 4095747 3622164 473583 INSTRUCTION 3663971 3663971 AUXILIARY ENTERPRISES 2113948 2113948 STUDENT SERVICES 1321630 1321630 ADADEMIC SUPPORT 547358 547358 63073 63073 17629057 8664176 8491298 473583 16865 23479 3036426 3156493 733000 846000 290384 244386 118117 126383 372283 328836 59451046 21640809 38601944 37810237 102521556 114236837 145690575 156772651 206127 421892 6670000 6570000 18501969 17542695 3796362 3760574 29174458 28295161 X 65641043 69481925 289821 545347 50585253 58450218 116516117 128477490 145690575 156772651 X -1731472 13692845 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99667762 1135926 13088932 -3340584 110552036 83155296 1865199 14662746 -15479 99667762 97512801 4344353 -18701858 83155296 0.52600 0.47400 0.00000 0 0 273313 273313 48996183 15378458 33617725 3033449 2234752 798697 3400439 2076594 1323845 3747662 1951005 1796657 37810237 PUBLICLY TRADED EQUITY SECURITIES 107130168 F FIXED INCOME SECURITIES 1029874 F MONEY MARKET FUNDS 1050503 F MONEY MARKET FUNDS HELD IN TRUST 175167 F MARKETABLE EQUITY SECURITIES HELD IN TRUST 3687308 F GOVERNMENT OBLIGATIONS 553341 F REAL ESTATE 493029 F MORTGAGE NOTES RECEIVABLE 3366 F CASH SURRENDER VALUE OF INSURANCE 114081 F 114236837 OBLIGATIONS UNDER ANNUITY AGREEMENTS 1826534 DEPOSITS 233759 RETIREMENT OBLIGATION PAYABLE 45090 FUNDS HELD IN CUSTODY FOR OTHERS 857557 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 797634 3760574 15897585 17629057 -1731472 13217404 475441 13692845 11961373 28335078 13217404 668455 13885859 14449219 1448366 1448366 15897585 16256723 77822 77822 16178901 1450156 1450156 17629057 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: NOTE 13 - UNCERTAINTY IN INCOME TAXES THE COLLEGE FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2011 AND 2010, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COLLEGE'S CONSOLIDATED FINANCIAL STATEMENTS. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE CONSOLIDATED FINANCIAL STATEMENTS. HOWEVER, NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEARS ENDED JUNE 30, 2011 AND 2010. GENERALLY, THE TAX YEARS BEFORE 2008 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. FEDERALLY FUNDED FINANCIAL AID PROGRAMS ARE SUBJECT TO SPECIAL AUDIT. SUCH AUDITS COULD RESULT IN CLAIMS AGAINST THE RESOURCES OF THE COLLEGE. NO PROVISION HAS BEEN MAKE FOR ANY LIABILITIES THAT MAY ARISE FROM SUCH AUDITS SINCE THE AMOUNTS, IF ANY, CANNOT BE DETERMINED AT THIS DATE. PART XI, LINE 8 - OTHER ADJUSTMENTS: GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT 186,935. ACTUARIAL GAIN (LOSS) ON ANNUITY CONTRACTS 288,506. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUES (LOSSES) OF EXEMPT PRIVATE FOUNDATION 193,014. GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT 186,935. ACTUARIAL GAIN (LOSS) ON ANNUITY CONTRACTS 288,506. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 1,450,156. UNRELATED BUSINESS INCOME - RENTAL EXPENSES NETTED AGAINST INCOME -1,790. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF EXEMPT PRIVATE FOUNDATION 76,032. UNRELATED BUSINESS INCOME - RENTAL EXPENSES NETTED AGAINST INCOME 1,790. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS OFFSETTING STUDENT TUITION AND FEES 1,450,156. 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 THE COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS MAGAZINE, THE BLUE AND WHITE, IN THE NEWSPAPER, AND IN A GRAPHIC OVERLAY TO VIDEOS USED IN TELEVISION ADS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ONLY GOVERNMENTAL AGENCY THAT PROVIDES FINANCIAL AID OR ASSISTANTCE TO THE COLLEGE IS THE UNITED STATES DEPARTMENT OF EDUCATION. X 0 TN EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) FINANCIAL PLANNING MINISTRY (FPM) PROVIDES A SERVICE THAT MIGHT EVENTUALLY RESULT IN A CHARITABLE BEQUEST FROM AN ESTATE. FPM CHARGES A $1,900 PER MONTH ($22,800 PER YEAR) FLAT RATE FOR JOHNSON BIBLE COLLEGE TO BE A PARTNER ORGANIZATION. FPM CONDUCTS ESTATE PLANNING SEMINARS WHERE PARTICIPANTS ARE OFFERRED THE OPPORTUNITY TO INCLUDE A CHARITABLE BEQUEST FOR ONE OF THE PARTNER CHARITIES. THE ONLY IMMEDIATE BENEFIT TO JOHNSON BIBILE COLLEGE IS THE POTENTIAL OF AN ESTATE PLANNING EXPECTANCY THAT MOST LIKELY WILL NOT BE REALIZED FOR YEARS TO COME. 1 CASH SCHOLARSHIPS FOR STUDENTS ATTENDING JOHNSON BIBLE COLLEGE IN KNOX COUNTY, TENNESSEE 677 1450156 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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 EXCESS SCHOLARSHIP FUNDS AS THE RESULT OF TITLE IV AID, THEN THESE FUNDS ARE AUTOMATICALLY DISBURSED TO THE STUDENT WITHIN 14 DAYS. IF THE EXCESS FUNDS ARE THE RESULT OF SOMETHING OTHER THAN TITLE IV AID, THE STUDENT MUST REQUEST A REFUND AND 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. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GARY E WEEDMAN 121874 0 0 0 0 0 23202 0 5775 0 150851 0 0 0 DAVID L EUBANKS 106155 0 0 0 0 0 0 0 0 0 106155 0 0 0 PART I, LINE 1A HOUSING ALLOWANCES OF $6,700 PER INDIVIDUAL WERE PROVIDED FOR THE FOLLOWING OFFICERS: GARY E. WEEDMAN; CHRISTOPHER R. ROLPH; DAVID A. LEGG; AND PHILIP EUBANKS PART I, LINE 4B DR. DAVID L. EUBANKS, THE FORMER PRESIDENT, RECEIVED $40,447 FROM A NON-QUALIFIED RETIREMENT PLAN. THE HEALTH EDUCATION & HOUSING FACLTY BD OF THE CO OF KNOX SERIES 2006 621220275 499503AA8 2009-11-02 6670000 TO FINANCE BUILDINGS AND EQUIPMENT OF THE COLLEGE 0 0 0 THE HEALTH EDUCTN & HOUSNG FACLTY BD OF CO OF KNOX SPEC PROJ REV OBLGTN 621220275 NONEAVAIL 2009-12-31 18965076 REFNDNG OF PREVSLY ISSUED & OUTSTNDNG TAX-EXEMPT BNDS;ACQ-REAL PROP;CONSTR 0 0 0 6670000 2007 0 0 1 1 18965076 12465075 48419 6451582 2011 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 REGIONS EQUIPMMENT FINANCE CORPORATION 10.000000000000 0 0 0 NA 0 0 1 1 REGIONS EQUIPMMENT FINANCE CORPORATION 12.000000000000 0 0 0 NA 0 SAM WIDENER TRUSTEE 855 SAM WIDENER, TRUSTEE, IS THE 100% OWNER OF WINCO, INC. FOR THE YEAR ENDED 06/30/11, THE COLLEGE PURCHASED FLOORING PRODUCTS TOTALING $855. 0 X 4 41573 CLOSING MARKET PRICE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DAVID L. EUBANKS, THE FORMER PRESIDENT, IS THE FATHER OF PHILIP EUBANKS, THE VICE PRESIDENT FOR ADVANCEMENT. FORM 990, PART VI, SECTION B, LINE 11 THE COLLEGE'S TAX PREPARER WILL PROVIDE THE VICE PRESIDENT FOR BUSINESS AND FINANCE/TREASURER A SCANNED COPY OF THE FINAL VERSION OF THE FORM 990 TAX RETURN. THE RETURN WILL BE MAILED AND/OR EMAILED TO THE EXECUTIVE COMMITTEE AND THE PRESIDENT. THESE INDIVIDUALS WILL HAVE 3 TO 5 BUSINESS DAYS TO ASK ANY QUESTIONS PRIOR TO THE FILING OF THE FORM 990 TAX RETURN. THE VICE PRESIDENT FOR BUSINESS AND FINANCE/TREASURER AND/OR THE CONTROLLER WILL ANSWER QUESTIONS OR PROVIDE INFORMATION AS REQUESTED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES WILL REVIEW ANNUALLY THE COLLEGE'S CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER WILL READ AND SIGN THIS POLICY AT THE FEBRUARY BOARD MEETING. THESE SIGNED STATEMENTS WILL BE RETAINED IN THE COLLEGE'S BUSINESS OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE CABINET LEVEL SALARIES AND BENEFITS ANNUALLY. THIS REVIEW WILL BE CONDUCTED AT THE STANDING JUNE EXECUTIVE COMMITTEE MEETING. THE VICE PRESIDENT FOR BUSINESS AND FINANCE/TREASURER WILL PROVIDE THE SALARY AND BENEFITS INFFORMATION. THE EXECUTIVE COMMITTEE WILL ALSO RECEIVE INDUSTRY SALARY COMPARISONS EVERY THREE TO FIVE YEARS. THE PRESIDENT OF THE COLLEGE DOES HAVE A WRITTEN EMPLOYMENT CONTRACT. OTHER OFFICERS DO NOT HAVE A WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS 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: NET UNREALIZED GAINS ON INVESTMENTS: 13,217,404. GAIN (LOSS) ON INTEREST RATE SWAP AGREEMENT 186,935. ACTUARIAL GAIN (LOSS) ON ANNUITY CONTRACTS 288,506. TOTAL TO FORM 990, PART XI, LINE 5: 13,692,845. FINANCIAL STATEMENTS AND REPORTING FORM 990, PART XII, LINE 2C THE FINANCE AND INVESTMENT COMMITTEE ASSUMES RESPONISBILITY FOR OVERSIGHT OF THE AUDIT AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS POLICY HAS NOT CHANGED FROM THAT OF THE PRIOR YEAR. NAME CHANGE FORM 990, LINE C, PAGE 1 ON JULY 1, 2011, JOHNSON BIBLE COLLEGE CHANGED ITS NAME TO JOHNSON UNIVERSITY. THE JOHNSON FOUNDATION INC 7900 JOHNSON DRIVE KNOXVILLE TN 37998 581767548 PROVIDES CHARITABLE GRANTS TO JOHNSON BIBLE COLLEGE TN 501(C)(3) EXEMPT PRIVATE FOUND N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THE JOHNSON FOUNDATION INC IS OPERATED ON THE M CAMPUS OF JOHNSON BIBLE COLLEGE THERE ARE NO SEPARATE FACILITIES IN ADDITION THERE ARE THREE ADVANCEMENT EMPLOYEES WHO SPEND ON AVERAGE 8 HOURS PER MONTH WORKING ON FOUNDATION-RELATED MATTERS THE BUSINESS OFFICE CONTROLLER SPENDS AN ESTIMATED 20 HOURS PER YEAR PERFORMING ACCOUNTING WORK FOR THE FOUNDATION JOHNSON BIBLE COLLEGE HAS NEVER SOUGHT REMEDIATION FOR THESE EXPENSES INCURRED BY THE COLLEGE BECAUSE GENERALLY THEY HAVE NOT BEEN MATERIAL IN NATURE THE ESTIMATED COST FOR THESE SERVICES WOULD NOT EXCEED 4000 FOR THE CURRENT YEAR