Form 990 for tax year 2024

Filed by TUSCULUM UNIVERSITY.

Totals

Total revenue: $36,816,176
Total expenses: $41,985,994
Contributions and grants received: $3,684,721
Grants paid: $13,585,974
Program service revenue: $29,186,465
Investment income: $1,636,997
Other revenue: $2,307,993
Total assets, end of year: $89,388,456
Total liabilities, end of year: $50,257,214
Net assets or fund balances, end of year: $39,131,242
Program services expenses (Part IX): $33,787,548
Management and general expenses: $7,885,213
Fundraising expenses: $313,233
Program service expenses (Part III): $33,787,548

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$1,997,591
1f · All other contributions, gifts and grants

$1,687,130
1g · Noncash contributions included above

$0
2a · Program service revenue: TUITION & FEES

total $22,924,165 · related or exempt $22,924,165 · unrelated business $0 · excluded $0
2b · Program service revenue: AUXILIARY REVENUE

total $6,262,300 · related or exempt $6,262,300 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $1,636,997 · related or exempt $1,636,997 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$0
11d · All other revenue

total $2,307,993 · related or exempt $2,307,993 · unrelated business $0 · excluded $0
11e · Other revenue, total

$2,307,993

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $13,585,974 · program services $13,585,974
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $522,018 · program services $0 · management and general $522,018 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $11,114,955 · program services $8,763,653 · management and general $2,152,204 · fundraising $199,098
8 · Pension plan contributions

total $97,560 · program services $93,095 · management and general $4,351 · fundraising $114
9 · Other employee benefits

total $1,011,024 · program services $838,131 · management and general $148,981 · fundraising $23,912
10 · Payroll taxes

total $817,779 · program services $686,561 · management and general $117,038 · fundraising $14,180
11b · Fees: legal

total $34,216 · management and general $34,216
11c · Fees: accounting

total $157,824 · management and general $157,824
11g · Fees: other

total $3,571,430 · program services $3,052,419 · management and general $464,236 · fundraising $54,775
12 · Advertising and promotion

total $214,748 · program services $46,669 · management and general $163,218 · fundraising $4,861
13 · Office expenses

total $85,552 · program services $73,824 · management and general $9,723 · fundraising $2,005
14 · Information technology

total $525,644 · program services $36,887 · management and general $487,658 · fundraising $1,099
16 · Occupancy

total $1,879,017 · program services $8,293 · management and general $1,870,724
17 · Travel

total $750,958 · program services $729,431 · management and general $17,637 · fundraising $3,890
20 · Interest

total $1,553,451 · program services $1,347,354 · management and general $206,097
22 · Depreciation, depletion and amortization

total $1,592,786 · program services $1,380,378 · management and general $212,408
23 · Insurance

total $886,610 · program services $468,873 · management and general $417,737
24a · Other expenses: MEMBERSHIPS & SUBSCRIPTIONS

total $405,496 · program services $319,606 · management and general $83,951 · fundraising $1,939
24b · Other expenses: BAD DEBTS

total $566,181 · program services $0 · management and general $566,181 · fundraising $0
24c · Other expenses: PROGRAM EXPENSES

total $1,698,719 · program services $1,532,417 · management and general $166,302 · fundraising $0
24d · Other expenses: SUPPLIES

total $612,259 · program services $532,018 · management and general $77,937 · fundraising $2,304
24e · All other expenses

total $301,793 · program services $291,965 · management and general $4,772 · fundraising $5,056

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,700 · end of year $3,500
2 · Savings and temporary cash investments

beginning of year $3,456,427 · end of year $834,814
3 · Pledges and grants receivable

beginning of year $95,703 · end of year $66,080
4 · Accounts receivable

beginning of year $1,669,000 · end of year $744,695
8 · Inventories for sale or use

beginning of year $269,025 · end of year $302,390
9 · Prepaid expenses and deferred charges

beginning of year $111,197 · end of year $33,007
10a · Land, buildings and equipment: cost or other basis

$112,460,761
10b · Land, buildings and equipment: accumulated depreciation

$44,491,854
10c · Land, buildings and equipment, net

beginning of year $69,316,170 · end of year $67,968,907
11 · Investments: publicly traded securities

beginning of year $20,600,592 · end of year $19,332,401
15 · Other assets

beginning of year $215,273 · end of year $102,662
17 · Accounts payable and accrued expenses

beginning of year $431,471 · end of year $520,647
19 · Deferred revenue

beginning of year $0
23 · Secured mortgages and notes payable

beginning of year $50,099,215 · end of year $49,257,543
25 · Other liabilities

beginning of year $623,915 · end of year $479,024
27 · Net assets without donor restrictions

beginning of year $21,228,736 · end of year $16,389,305
28 · Net assets with donor restrictions

beginning of year $23,353,750 · end of year $22,741,937

Mission and programs · 2024

Mission

Building on a rich Presbyterian heritage and a pioneering spirit, Tusculum University provides an active and experiential education within a caring Christian environment to inspire civic engagement, enrich personal lives, and equip career-ready professionals.

Activities or mission (Part I)

Being PIONEER Ready calls each of us to be Proactive, Interactive, Organized, Nettie-like (service-minded), Engaged, Ethical, and Responsible! Tusculum University seeks to instill in its graduates a sense of the world in which they live and to develop skills to make sound decisions that are based on the common good. Embracing the founder's Presbyterian roots and Christian faith, the Institution is committed to act justly, love mercy, and walk humbly with God. Inspired by faith, a cultivating atmosphere of open dialogue and free inquiry is encouraged. With a civic arts tradition, there is an emphasis on citizens working together to form good societies that in turn nurture individuals of good character. Student-athletes become principled leaders who are contributing citizens and champions in life by instilling the highest values of character, integrity, and sportsmanship. The Center for Civic Advancement seeks to engage the heart, mind, and soul in cultivating awareness of self/others.

Tusculum University provided formal instruction and related academic support for over 1000 full-time equivalent students toward the fulfillment of Associate and Bachelor of Science and Associate and Bachelor of Art degrees, along with Master degrees in a variety of fields of study. The academic program challenges students to innovate, engage, experiment, and persevere as they discover their purpose. Along their educational journey, they are encouraged, empowered, supported, and inspired through a pioneer spirit. Most students receive generous financial support through a variety of scholarship programs. The instructional classrooms are small, which enables faculty to provide individual attention where needed. Strong personal relationships create life-long friendships and support. Academic services are provided through the library and technology resources, testing resources, career services, tutoring, workshops, counseling, and special academic accommodations. Labs are available on an ongoing basis. Personal counseling services are available by licensed clinical social workers.

Expenses $28,778,605 · Grants $13,585,974 · Revenue $22,924,165
Auxiliary services were provided to the population of students, as Tusculum University remains primarily a residential campus. Housing and meals were provided.

Expenses $5,008,943 · Revenue $6,262,300
A variety of services were provided to students through many programs and offices, including intramural sports, general athletics, spiritual life, the student lounge, Admissions, Financial Aid, the Registrar, Business Office, and Dean of Students, as well as others. Campus employment and internships were available for eligible students, providing financial resources and valuable work experiences, preparing students that are career-ready.

Revenue $4,305,584

As filed on the 2024 return.

Listed in Part VII

DR SCOTT HUMMEL

PRESIDENT

Total calculated

$424,439

From this org

$359,673

From related orgs

$0

Other

$64,766

Hours/week

40

Schedule J breakdown matched by us

Base

$259,673

Bonus

$100,000

Other

$0

Deferred

$0

Nontaxable benefits

$64,766

Filer's total

$424,439
DR HEATHER HENSON-RAMSEY

DEAN

Total calculated

$132,097

From this org

$116,745

From related orgs

$0

Other

$15,352

Hours/week

40
MS BENITA BARE

CFO

Total calculated

$120,648

From this org

$113,559

From related orgs

$0

Other

$7,089

Hours/week

40
DR DAVID W BAKER

BOARD MEMBER

Total calculated

$0

Hours/week

1
DR LARRY BROTHERTON

BOARD MEMBER

Total calculated

$0

Hours/week

4
DR DAVID COLLINS

BOARD MEMBER

Total calculated

$0

Hours/week

1
DR ALAN CORLEY

BOARD MEMBER

Total calculated

$0

Hours/week

1
MS JO ANN KRAMER

BOARD MEMBER

Total calculated

$0

Hours/week

1
DR JANE MORSE

BOARD MEMBER

Total calculated

$0

Hours/week

1
DR GREGORY NELSON

BOARD CHAIR

Total calculated

$0

Hours/week

4
DR SCOTT NISWONGER

BOARD MEMBER

Total calculated

$0

Hours/week

2
MR MARK WILLIAMS

BOARD MEMBER

Total calculated

$0

Hours/week

1
MR DOUGLAS DEBUSK

BOARD MEMBER

Total calculated

$0

Hours/week

1
MR JOSEPH STONE III

BOARD MEMBER

Total calculated

$0

Hours/week

1
DR JUDITH KOFROTH DOMER

BOARD MEMBER

Total calculated

$0

Hours/week

1
MR KELLY VOGT

BOARD MEMBER

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Housing allowance or residence for personal use
1a · Personal services (maid, chauffeur, chef)
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Form 990 of other organizations
3 · Written employment contract
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a: Housing is provided to the President of the University as a condition of his employment. The house is located on campus, and is furnished for the convenience of the employer. Housekeeping is provided at the residence in all public areas, as it is used for entertainment and business activities of the University.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

TUSCULUM TOMORROW TRUST

501(C)(3) · PROVIDES FUNDING TO TUSCULUM UNIVERSITY · TN

Directly controlled by TUSCULUM UNIVERSITY

Provenance

Return type: form_990
Tax year: 2024
Filed: 15 May 2026
IRS schema version: 2024v5.0
Source object: 202601349349304025

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