2011-05-13T14:42:13-05:00 2010-06-30 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2009-07-01 580685908 Toccoa Falls College Inc TOCC 7068866831 PO Box 800750 Toccoa Falls GA 305980013 Greg Schulte 7068866831 2011-05-13 1 Dave Moja 3178852620 2009 2016-02-24 21:20:13Z Dr Wayne Gardner PO Box 800750 Toccoa Falls GA 305980013 17916409 0 X www.tfc.edu X 1907 GA Providing undergraduate college education and Christian ministries on a residential campus 24 24 606 24 0 0 1785777 1600962 15467218 15552165 -225809 180789 1818419 329437 18845605 17663353 3644363 3689023 0 9751167 7930794 0 556264 5924327 6730512 19319857 18350329 -474252 -686976 24204163 23059015 10933606 10291600 13270557 12767415 The mission of Toccoa Falls College is to glorify God through seeking and developing Christian servant leaders who will impact their world with the love and message of Jesus Christ. 0 0 14823662 3689023 15881602 Toccoa Falls College offers undergraduate programs in 27 majors and 40 minors to approximately 750 residential, commuter, and online students.The College provides the campus community with food services, residential housing, and a college bookstore. The community and the extended community area also enjoy a radio station that offers non-commerical, listener supported Christian programming designed to help fulfill the stated mission of the College.Also, Toccoa Falls College offers residential housing, student counseling and career placement, student activities and student government, intramural recreation, and various other student experiences as co-curricular to their academic experience. 14823662 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1179 0 606 1 0 0 0 0 0 0 0 0 0 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 GA X Toccoa Falls College Inc 7068866831 PO Box 800750 Toccoa Falls GA 305980013 Dr David Fannin 1.00 X 0 0 0 Herbert Fisher 1.00 X X 0 0 0 David Fugett 1.00 X 0 0 0 Dr Edmond Gray 1.00 X 0 0 0 Rev Charles Hughes Jr 1.00 X 0 0 0 Ray Kincaid 1.00 X X 0 0 0 Rev Fred King 1.00 X 0 0 0 Dr David Markle 1.00 X 0 0 0 Dr Dwayne Mercer 1.00 X 0 0 0 Charles Moseley 1.00 X 0 0 0 Dr Raymond Murray 1.00 X 0 0 0 Dr Jeffrey Norris 1.00 X 0 0 0 Dr Mark O'Farrell 1.00 X 0 0 0 Dr Ronald Rowe 1.00 X X 0 0 0 John Siewart 1.00 X 0 0 0 Dr David Smith 1.00 X 0 0 0 William Sullivan Sr 1.00 X 0 0 0 Dr Ferrell Towns 1.00 X 0 0 0 Cheral Turnipseed 1.00 X 0 0 0 Dr Thomas Wade 1.00 X 0 0 0 Janet Webb 1.00 X 0 0 0 Rev Floyd Wheeler Sr 1.00 X 0 0 0 George Woerner 1.00 X 0 0 0 Judge Wilie Woodruff 1.00 X 0 0 0 Dr Wayne Gardner 40.00 X 89629 0 40565 David Gruen 40.00 X 82873 0 7117 Dr Barbara Bellefeuille 40.00 X 73875 0 13059 246377 0 60741 0 0 0 0 Payne's Construction & Renovation 1787 Wolfpit Road Eastanollee GA 30538 Construction 1241320 Aramark Services Inc PO Box 800876 Toccoa Falls GA 30598 Food Service 1190120 2 295263 1305699 6853 1600962 Tuition & Fees 900091 11574128 11574128 Auxiliary Enterprises 900091 3081689 3081689 Student Radio 900091 581757 581757 Conference Fees 900091 314591 314591 15552165 151199 151199 279800 2846 253056 26744 2846 29590 29590 Miscellaneous 900091 329437 329437 329437 17663353 15881602 0 180789 3689023 3689023 294430 81294 213136 55098 55098 4298809 3371647 714817 212345 1755767 1195969 495306 64492 1526690 1152172 304776 69742 5590 2175 3415 39953 39953 130581 130581 145027 121682 23345 280601 133248 75846 71507 2097591 1829848 251574 16169 284690 164411 94277 26002 334261 334261 637566 485012 152554 117424 117424 Auxiliary operations 1173536 1173536 Miscellaneous 699865 678331 21534 Broadcast expense 554059 554059 Repairs 174030 5576 168454 Postage & printing 51128 51128 4610 4610 18350329 14823662 2970403 556264 4004241 1463488 669822 353192 338595 396796 143939 119531 65875 91959 28056698 11000177 15725784 17056521 2320421 2725985 597112 555939 338374 295604 24204163 23059015 234877 160839 470712 385712 8167000 7945000 322570 237793 209883 184115 1528564 1378141 10933606 10291600 X 8946753 8657570 1589462 1378471 2734342 2731374 13270557 12767415 24204163 23059015 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2619426 17310 270544 134523 2772757 2984561 18362 -246201 137296 2619426 0.00000 1.00000 0.00000 0 0 787714 787714 20934380 7003133 13931247 5136711 3224787 1911924 1197893 772257 425636 17056521 Student deposits 663055 Other deposits 5748 Asset retirement obligation 36212 Annuities payable 555939 Funds held in federal loan programs 117187 1378141 17663353 18350329 -686976 183834 183834 -503142 14158164 183834 183834 13974330 3689023 3689023 17663353 14661306 0 14661306 3689023 3689023 18350329 Part V, Line 4: Description of Intended Use of Endowment Funds: The College's endowment consists of approximately 66 individual funds established for a variety of purposes. Part X: Description of Uncertain Tax Positions Under FIN 48: On July 1, 2009, the College adopted the new provisions of the Income Tax topic of the ASC. These provisions clarify the accounting for uncertainty in tax positions and prescribe guidance related to the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The tax benefit from an uncertain tax position is only recognized in the statement of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of June 30, 2010, the College had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. Part XII, Line 4b - Other Adjustments: Scholarships netted with tuition revenue: 3689023. Part XIII, Line 4b - Other Adjustments: Scholarships netted with tuition revenue: 3689023. 1 1 1 College publications and college catalog 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The University receives funding from the federal government, and as a result, is required to comply with various regulations related to those funding programs. 1 1 Student scholarships & discounts 798 3689023 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The College follows state and federal guidelines in providing financial aid to students as well as internal criteria based upon academic progress, criteria established by particular scholarships, and/or financial need. The federal FAFSA form is used in this process as well. Stephens County Development Authority 581024352 2006-02-01 9048821 Refinance 1 0 9048821 8817821 231000 2006 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 Donna Gardner See Schedule O Wife of President, Dr. Wayne Gardner 55098 W-2 Wages 0 Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm and reviewed by the College's top management. Board members are made aware of the Form 990 and provided a copy at their request. Form 990, Part VI, Section B, line 12c The College requires each trustee and officer to complete a conflict of interest questionnaire annually. The executive committee of the Board of Trustees evaluates the president's compensation annually. The President evaluates the officer compensation annually. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, Line 2c Explanation of Responsibility The organization has a board of directors that assume responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Form 990, Page 1, Part II Explanation of Signing Officer David Gruen, VP-Finance, is reported on Part VII, Line 1a of Form 990. David Gruen has been succeeded by Greg Schulte, VP-Finance, after the reporting period of this return, June 30, 2010. As a result, Greg Schulte is signing the return but will not be reported on Part VII until the subsequent Form 990. Toccoa Falls College Foundation PO Box 800750 Toccoa Falls GA 30598 311744028 Assist the College with capital and funding GA 501(c)(3) Line 7 Toccoa Falls College Toccoa Falls Estates Foundation Inc PO Box 800750 Toccoa Falls GA 30598 203785529 Land Development GA 501(c)(3) Line 11a, I Toccoa Falls College Toccoa Falls Estates LLC PO Box 800994 Toccoa Falls GA 30598 113726108 Land Development GA Toccoa Falls College Investment 892430 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NA