2011-05-16T09:45:13-05:00 2010-06-30 Lattimore Black Morgan & Cain PC PO Box 1869 Brentwood TN 370241869 990 2009-07-01 237424429 UNIVERSITY SCHOOL OF NASHVILLE UNIV 6153218000 2000 EDGEHILL AVENUE NASHVILLE TN 372122198 Vincent Durnan Jr 6153218000 2011-05-16 1 Briana J Mullenax 6153774600 2009 2016-02-24 21:20:13Z Vincent Durnan Jr 2000 EDGEHILL AVENUE NASHVILLE TN 372122198 20181960 0 X WWW.USN.ORG X 1975 TN University School of Nashville models the best educational practices in an environment that represents the cultural and ethnic composition of Greater Nashville, USN fosters each student's intellect, artisitic and athletic potential, valuing and inspiring integrity, creative expression, a love of learning, and the pursuit of excellence. 27 27 346 1000 0 0 1163949 1350570 17135699 17888332 -707171 235557 144821 111902 17737298 19586361 1708771 1786649 0 12126076 12499763 0 664984 5076010 5041023 18910857 19327435 -1173559 258926 32600511 33304170 5063854 4850771 27536657 28453399 University School of Nashville models the best educational practices in an environment that represents the cultural and ethnic composition of Greater Nashville, USN fosters each student's intellect, artisitic and athletic potential, valuing and inspiring integrity, creative expression, a love of learning, and the pursuit of excellence. 0 0 16601223 18145877 Operation of University School of Nashville serving an estimated 1022 students. 16601223 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 80 0 1 346 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 TN X X NORMA MILLER 6153218004 2000 EDGEHILL AVENUE NASHVILLE TN 372122198 Bert Mathews 2.50 X X 0 0 0 Gail Williams 2.00 X X 0 0 0 Laura Lee Dobie 1.50 X X 0 0 0 Andrew May 2.00 X X 0 0 0 Grace H Awh 1.50 X 0 0 0 Susan Berck 1.50 X 0 0 0 Ann Cargile 1.50 X 0 0 0 Charlene Dewey 1.50 X 0 0 0 Alison Douglas 1.50 X 0 0 0 Norma Drake 1.50 X 0 0 0 David Fox 1.50 X 0 0 0 Frank Garrison 1.50 X 0 0 0 Eddie Hamilton 1.50 X 0 0 0 John Hassenfeld 1.50 X 0 0 0 Terri Kasselberg 1.50 X 0 0 0 David Kloeppel 1.50 X 0 0 0 Irwin J Kuhn 1.50 X 0 0 0 Kevin Lavender 1.50 X 0 0 0 Kelly A Linton 1.50 X 0 0 0 Richard C McCarty 1.50 X 0 0 0 Tom Oreck 1.50 X 0 0 0 David Owens 1.50 X 0 0 0 Libby Page 1.50 X 0 0 0 Irwin Venick 1.50 X 0 0 0 Bob Waterman 1.50 X 0 0 0 Kathy Woods 1.50 X 0 0 0 Ellen Wright 1.50 X 0 0 0 Vincent Durnan Jr 65.00 X 295937 0 21304 Juliet C Douglas 45.00 X 118499 0 12505 Steven E Robins 45.00 X 118021 0 12752 Jeffrey A Greenfield 45.00 X 113414 0 12726 Susan R Touchstone 45.00 X 105805 0 12173 751676 0 71460 5 0 1 0 Sage Dining Services INC 222 Baseley Avenue Suite B-7 Towson MD 21204 Cafeteria Management 331576 Crossgate Services 1730 General George Patton Dr Brentwood TN 37027 Janitorial Services 231887 Collier Roofing Inc 1523 Jones Avenue Nashville TN 37207 Roofing Services 198835 3 25833 1324737 1350570 Student Tuition & Fees 611710 17049641 17049641 After School Program 611710 390331 390331 Cafeteria Income 611710 298281 298281 Summer Program 611710 111341 111341 Activity Income 611710 38738 38738 17888332 256070 256070 2645 4893 2645 4893 7538 7538 20513 -20513 -20513 -20513 358411 25833 263442 94969 94969 319564 311644 7920 7920 Business Office 611710 1475 1475 1475 19586361 18145877 0 89914 1786649 1786649 307126 307126 10101909 8783472 889591 428846 408188 355814 36715 15659 824938 460767 314248 49923 857602 741182 83085 33335 192492 192492 33686 33686 242061 181910 56811 3340 10110 2722 7388 1103612 962865 64207 76540 154207 140808 9535 3864 1259234 1212351 46883 99756 88525 2315 8916 87565 69872 12766 4927 1363998 1363998 127719 127719 Special Events/Entertai 152630 94818 21871 35941 Operating Expenses 98737 61168 33876 3693 Student Activities 84905 84905 Discretionary 30311 16905 13406 19327435 16601223 2061228 664984 1953794 2523959 223616 195658 110385 118305 12055 1737 34049554 14158070 20727211 19891484 9278751 10261920 294699 311107 32600511 33304170 1209124 1262808 456967 517456 3110000 2760000 287763 310507 5063854 4850771 X 20721533 21187924 117305 390578 6697819 6874897 27536657 28453399 32600511 33304170 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7174423 302078 798323 275000 7999824 8622514 85374 -1180408 353057 7174423 0.10700 0.86000 0.03300 0 0 2814767 2814767 26636511 10680612 15955899 4379000 3477458 901542 219276 219276 19891484 us and international equities 4544510 F bonds and fixed income funds 3666882 F money market funds 1564335 F real estate funds 267324 F private equity funds 148995 F hedge funds 16335 F cash value of life insurance 53539 F 10261920 enrollment deposits 82460 obligation under interest rate swap 228047 310507 19586361 19327435 258926 657816 657816 916742 19032614 657816 575086 1232902 17799712 1786649 1786649 19586361 18115872 575086 575086 17540786 1786649 1786649 19327435 Part V, Line 4: Description of Intended Use of Endowment Funds: The school's endowment consists of donor restricted and board designated quasi-endowment funds established for a variety of purposes. Quasi-endowment consists of unrestricted net assets designated for future purposes. This portion of unrestricted net assets may be expended as authorized by the board of trustees investment and spending policy or by board action. Contributions to the temporarily restricted fund are restricted by the donor for a specific purpose. Also included are the permanently restricted endowment market gains and losses resulting from the investment of permanently restricted net assets. This portion of temporarily restricted net assets may be expended as authorized by the board of trustees investment and spending policy for the purpose stipulated by the donor. The permanently restricted endowment fund includes net assets subject to donor imposed stipulations that they be maintained permanently by the school. Generally, the donors of these assets permit the school to use all or part of the income earned on related investments for general or specific purposes. Part X: Description of Uncertain Tax Positions Under FIN 48: as of june 30, 2010, the school noted no uncertain tax positions. Part XII, Line 2D - Other Adjustments: Fundraising expenses: $263,442 Bookstore Cost Of Goods Sold: $311,644 Part XII, Line 4B - Other Adjustments: Financial Aid scholarship and tuition Remission: $1,786,649 Part XIII, Line 2D - Other Adjustments: Fundraising expenses: $263,442 Bookstore Cost Of Goods Sold: $311,644 Part XIII, Line 4B - Other Adjustments: Financial Aid scholarship and tuition Remission: $1,786,649 1 1 1 The school's non-discriminatory policy is printed in brochures, viewbooks, open house ads, and all other printed material available to the public. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Artclectic 207391 17333 190058 3356 175390 Evening Classes 70158 0 70158 513 34788 8 106695 8500 98195 753 48642 384244 25833 358411 4622 258820 263442 94969 1 Financial Aid 177 0 1786649 Other Credit to Recipients Tuition Bill Other Information: Part IV: Schedule I, Part I, Line 2: Financial aid is awarded based upon financial need of the recipient's family. Financial information and suggested financial need of the recipient's parent(s) or guardian(s) is provided to the school by an independent third party. X X 1 1 X X 0 0 0 0 0 0 0 0 0 Vincent Durnan Jr 295937 0 0 0 0 0 14000 0 7304 0 317241 0 0 0 Industrial Development Board of the Metropolitian Gov't of Nashville 521789764 592106AB4 2002-08-01 8000000 TO FINANCE IMPROVEMENTS TO THE CAMPUS LOCATED IN NASHVILLE, TN. 0 0 4604896 119520 2004 0 0 1 1 X 14 84013 Market Value - Gift Date 0 0 0 Form 990, Part VI, Section A, line 2 IRWIN KUHN AND IRWIN VENICK ARE EMPLOYED AT THE SAME LAW FIRM. CHARLENE DEWEY, RICHARD C. MCCARTY, DAVID OWENS, AND GAIL WILLIAMS ARE EMPLOYED BY THE SAME UNIVERSITY. Form 990, Part VI, Section B, line 11 A draft of Form 990 is reviewed first by members of the Finance Committee of the Board of Trustees. After the Finance Committee reviews and makes any changes necessary, a revised draft is sent to each voting member of the Board of Trustees. Any Board member could recommend changes. The final copy is then signed by the Director of the School and Paid Preparer and electronically filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Each member of the School's Board, administration, faculty, staff and committees (an "Individual") must avoid incurring any kind of undisclosed financial or personal obligation that might reasonably be expected to affect the Individual's judgment in dealing with other parties on behalf of the School. If there is any appearance of conflict of interest, even though the conflict may not exist in actuality, the Individual should disclose the particular situation in writing to the Director of the School. If the matter involves a member of the Board or a member of a Board Committee (a "Board Individual"), the Director will in turn inform the Executive Committee of the Board. The Director shall review a copy of this policy annually and make any relevant disclosures at that time or at the time any potential conflict arises in the future. A signed disclosure is given to the Director and for a Board "Individual" this disclosure is retained on file with other Board materials in the Director's office. Each employee shall also annually review this policy and make any relevant disclosures at that time or at the time any potential conflict arises in the future. These disclosure documents are given to the Director and retained on file in the Director's office. Form 990, Part VI, Section B, line 15a THE KEY EMPLOYEE (DIRECTOR) DRAFTS AN ANNUAL LETTER OF AGREEMENT (MEMORANDUM OF UNDERSTANDING) IN THE EARLY FALL OF THE CURRENT ACADEMIC YEAR AS WELL AS FISCAL YEAR OUTLINING HIS GOALS AND OBJECTIVES FOR THAT YEAR. THIS AGREEMENT IS SIGNED BY THE KEY EMPLOYEE AND THE PRESIDENT OF THE BOARD OF TRUSTEES. BEFORE THE CLOSE OF THE CURRENT ACADEMIC AND FISCAL YEAR, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES GOES INTO CLOSED SESSION AND DISCUSSES THE PROGRESS MADE ON THE DIRECTOR'S GOALS AND OBJECTIVES AS OUTLINED IN THE EARLY FALL. SUBSEQUENTLY, THE BOARD PRESIDENT, VICE PRESIDENT, AND PAST PRESIDENT OF THE BOARD OF TRUSTEES MEET AND WITH THE FEEDBACK OBTAINED FROM THE EXECUTIVE COMMITTEE MEETING DRAFT THE COMPENSATION AGREEMENT FOR THE DIRECTOR FOR THE UPCOMING ACADEMIC AND FISCAL YEAR. THE PRESIDENT OF THE BOARD INFORMS THE KEY EMPLOYEE AS WELL AS THE FINANCIAL OFFICE OF THE SCHOOL OF THE AMOUNT OF COMPENSATION PACKAGE WHICH COULD INCLUDE ANNUAL COMPENSATION, BONUS AND/OR PAYMENT OF DEFERRED COMPENSATION UNDER SECTION 457 OF THE IRS CODE. Form 990, Part VI, Section C, line 19 THE SCHOOLS BY-LAWS ARE INCLUDED IN EACH EMPLOYEE'S PERSONNEL MANUAL. THE CONFLICT OF INTEREST SIGNED DISCLOSURE FORMS FOR BOTH MEMBERS OF THE BOARD OF TRUSTEES AND ITS COMMITTEES AS WELL AS EMPLOYEES ARE MAINTAINED IN THE DIRECTOR'S OFFICE. THESE ARE AVAILABLE UPON REQUEST. INTERNAL FINANCIAL STATEMENTS OF THE SCHOOL ARE REGULARLY REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AS WELL AS THE BOARD OF TRUSTEES AT ITS MEETINGS. AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ARE REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD AS WELL AS THE BOARD OF TRUSTEES AT ONE OF ITS REGULARLY SCHEDULED MEETINGS. THESE HAVE BEEN PRESENTED TO THE FINANCE COMMITTEE IN DRAFT FORM BY THE AUDIT FIRM CHOSEN TO CONDUCT THE ANNUAL AUDIT PRIOR TO THE FINAL PRESENTATION TO THE BOARD OF DIRECTORS AT ITS MEETING. ANY OF THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY DOCUMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.