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Nonprofiteer
← TREVECCA NAZARENE UNIVERSITY

Form 990 for tax year 2023

Filed by TREVECCA NAZARENE UNIVERSITY.

Totals

Total revenue
$90,662,658
Total expenses
$88,581,185
Contributions and grants received
$10,999,724
Grants paid
$22,629,868
Program service revenue
$75,452,724
Investment income
$3,082,968
Other revenue
$1,127,242
Total assets, end of year
$236,710,405
Total liabilities, end of year
$100,924,459
Net assets or fund balances, end of year
$135,785,946
Program services expenses (Part IX)
$77,691,256
Management and general expenses
$9,631,287
Fundraising expenses
$1,258,642
Program service expenses (Part III)
$77,691,256

Program services were 87.7% 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.

  • 1c · Fundraising events

    $99,134

  • 1e · Government grants (contributions)

    $748,890

  • 1f · All other contributions, gifts and grants

    $10,151,700

  • 1g · Noncash contributions included above

    $526,959

  • 2a · Program service revenue: Tuition and Fees

    total $63,667,990 · related or exempt $63,667,990

  • 2b · Program service revenue: Auxiliary Enterprises

    total $10,293,578 · related or exempt $10,293,578

  • 2c · Program service revenue: Other Program Revenue

    total $1,491,156 · related or exempt $1,491,156

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $2,967,090 · unrelated business $315,153 · excluded $2,651,937

  • 4 · Income from investment of tax-exempt bond proceeds

    total $66,578 · excluded $66,578

  • 6a · Gross rents

    real property $485,864 · personal property $84,436

  • 6b · Less rental expenses

    real property $87,779 · personal property $18,594

  • 6c · Rental income or loss

    real property $398,085 · personal property $65,842

  • 6d · Net rental income or loss

    total $463,927 · unrelated business $65,842 · excluded $398,085

  • 7a · Gross sales of assets other than inventory

    securities $7,273,240 · other assets $7,800

  • 7b · Less cost or other basis and sales expenses

    securities $7,231,740 · other assets $0

  • 7c · Gain or loss

    securities $41,500 · other assets $7,800

  • 7d · Net gain or loss

    total $49,300 · excluded $49,300

  • 8a · Fundraising events: gross income

    $19,255

  • 8a · Fundraising events: contributions included on line 1c

    $99,134

  • 8b · Fundraising events: direct expenses

    $50,428

  • 8c · Net income from fundraising events

    total -$31,173 · excluded -$31,173

  • 11a · Other revenue: Insurance Proceeds

    total $694,488 · excluded $694,488

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $694,488

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,159 · program services $13,159

  • 2 · Grants to domestic individuals

    total $22,616,709 · program services $22,616,709

  • 5 · Compensation of officers, directors and key employees

    total $684,053 · program services $200,611 · management and general $483,442

  • 6 · Compensation of disqualified persons

    total $162,756 · program services $38,879 · management and general $123,877

  • 7 · Other salaries and wages

    total $24,243,033 · program services $20,214,002 · management and general $3,332,919 · fundraising $696,112

  • 8 · Pension plan contributions

    total $527,747 · program services $436,816 · management and general $73,517 · fundraising $17,414

  • 9 · Other employee benefits

    total $3,366,963 · program services $2,638,868 · management and general $638,926 · fundraising $89,169

  • 10 · Payroll taxes

    total $1,660,305 · program services $1,377,754 · management and general $233,806 · fundraising $48,745

  • 11b · Fees: legal

    total $64,886 · management and general $64,886

  • 11c · Fees: accounting

    total $127,547 · management and general $127,547

  • 11d · Fees: lobbying

    total $181 · management and general $181

  • 11e · Fees: professional fundraising services

    total $36,000 · fundraising $36,000

  • 11f · Fees: investment management

    total $6,863 · management and general $6,863

  • 11g · Fees: other

    total $906,694 · program services $391,476 · management and general $515,218 · fundraising $0

  • 12 · Advertising and promotion

    total $2,860,088 · program services $1,481,753 · management and general $1,371,242 · fundraising $7,093

  • 13 · Office expenses

    total $906,579 · program services $590,786 · management and general $241,957 · fundraising $73,836

  • 14 · Information technology

    total $3,061,947 · program services $2,406,838 · management and general $538,902 · fundraising $116,207

  • 16 · Occupancy

    total $5,973,641 · program services $5,791,271 · management and general $182,370

  • 17 · Travel

    total $981,304 · program services $793,102 · management and general $179,738 · fundraising $8,464

  • 19 · Conferences, conventions and meetings

    total $72,662 · program services $53,779 · management and general $17,949 · fundraising $934

  • 20 · Interest

    total $2,850,366 · program services $2,756,846 · management and general $77,163 · fundraising $16,357

  • 22 · Depreciation, depletion and amortization

    total $5,368,664 · program services $5,192,519 · management and general $145,336 · fundraising $30,809

  • 23 · Insurance

    total $790,813 · program services $764,867 · management and general $21,408 · fundraising $4,538

  • 24a · Other expenses: Food Service

    total $5,320,888 · program services $5,320,888

  • 24b · Other expenses: Equipment Purchases

    total $209,150 · program services $185,968 · management and general $16,279 · fundraising $6,903

  • 24c · Other expenses: Instructional Materials

    total $345,982 · program services $345,982

  • 24d · Other expenses: Unrelated Business Income Taxes

    total $93,449 · management and general $93,449

  • 24e · All other expenses

    total $5,328,756 · program services $4,078,383 · management and general $1,144,312 · fundraising $106,061

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,723,053 · end of year $4,890,816

  • 2 · Savings and temporary cash investments

    beginning of year $2,009,456 · end of year $3,116,327

  • 3 · Pledges and grants receivable

    beginning of year $7,842,490 · end of year $137,340

  • 4 · Accounts receivable

    beginning of year $2,011,059 · end of year $2,644,174

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,805,113 · end of year $1,975,805

  • 10a · Land, buildings and equipment: cost or other basis

    $192,247,301

  • 10b · Land, buildings and equipment: accumulated depreciation

    $44,014,478

  • 10c · Land, buildings and equipment, net

    beginning of year $143,573,007 · end of year $148,232,823

  • 11 · Investments: publicly traded securities

    beginning of year $65,168,752 · end of year $73,732,338

  • 12 · Investments: other securities

    beginning of year $3,933,750

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,051,286 · end of year $1,980,782

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,436,246 · end of year $2,183,697

  • 19 · Deferred revenue

    beginning of year $5,804,593 · end of year $5,440,290

  • 20 · Tax-exempt bond liabilities

    beginning of year $91,939,814 · end of year $89,912,795

  • 21 · Escrow or custodial account liability

    beginning of year $879,710 · end of year $963,392

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,828,059 · end of year $2,424,285

  • 27 · Net assets without donor restrictions

    beginning of year $73,972,257 · end of year $75,772,169

  • 28 · Net assets with donor restrictions

    beginning of year $52,257,287 · end of year $60,013,777

Mission and programs · 2023

Mission

Trevecca Nazarene University is a private, coeducational, Christian liberal arts university. The university exists to carry out the educational mission of the church by means of academic programs that promote scholarship, critical reflection, thoughtful worship, and the preparation of students for lives of meaningful service in various careers.

Activities or mission (Part I)

Trevecca Nazarene University is a private, co-educational, Christian liberal arts university.

  • Trevecca Nazarene University is a comprehensive, fully accredited, Christian university offering undergraduate, master's and doctoral degrees. The University offers 15 associate degrees, 74 baccalaureate degrees, 25 master's programs, and 3 doctoral programs as well as one specialist and three certificate programs in a number of fields including business, science, health care, education, counseling, religion, music, leadership, and library and information sciences. Trevecca launched four new online master's programs this year to continue equipping servant leaders in a variety of fields. The master's in Human Performance and Fitness equips students to pursue a variety of careers in strength and conditioning, human performance, health and fitness, personal training and exercise science. The Master of Public Health program will prepare future practitioners to step into leadership roles in the growing field of public health, with extensive training in management, organizational strategy and applied public health. A fully online option was added to Trevecca's Master of Arts in Teaching (MAT) program, allowing candidates to choose between attending traditional face-to-face classes or completing courses virtually. Trevecca has accepted an invitation to join the prestigious Carnegie Project on the Education Doctorate (CPED), an international network of more than 135 graduate schools of education and a leader in rethinking advanced educational preparation. The goal will be to continue to provide the most advanced and best practices for Trevecca's Ed.D. programs. Trevecca's physician assistant program continued a trend in outstanding graduate certification pass rates. The 2023 graduating PA class was Trevecca's third in a row to achieve a 100 percent first-time taker pass rate. Trevecca awards institutional, state, and federal financial aid assisting students in developing a plan for meeting their educational expenses. The Office of Financial Aid provides guidance and resources to help students and their families bridge the gap between a student's potential resources and the University's costs. The percentage of traditional undergraduate students receiving financial aid from any source was more than 90%.

    Expenses $46,285,714 · Grants $22,629,868 · Revenue $63,667,990

  • Student Services: The Center for Student Development provides students with programs to accompany their college career at all stages. From Freshmen LINK groups to career development counseling and internship programs, Career Services has everything students need to succeed. Career Services also offers job-search related strategy workshops, career exploration events, resume and interviewing education, mock interviews, business and etiquette dinners, assistance with graduate school admissions, career fairs, job postings and job referrals.

    Expenses $13,962,579 · Revenue $10,293,578

  • Other student services areas: Counseling Center ITS (Information Technology Services) Registrar Security TNU Bookstore Library

    Expenses $13,062,248 · Revenue $1,491,156

  • Academic Support: Trevecca provides support to the academic functions across campus through the functions of the Office of the Provost, Office of the Academic Dean, Office of Institutional Research, the Center for Student Development, the Center for Teaching and Learning, the Library, and the Center for Online Learning.

    Expenses $4,380,715

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Wilson

    Board Chairman

    Total calculated
    $0
    Hours/week
    2

  • Dan Boone

    President

    Total calculated
    $297,485
    From this org
    $144,983
    From related orgs
    $0
    Other
    $152,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,039
    Bonus
    $0
    Other
    $4,944
    Deferred
    $42,416
    Nontaxable benefits
    $110,086
    Filer's total
    $297,485

  • Kyle Poole

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Mary Jo Cagle

    Board Secretary

    Total calculated
    $0
    Hours/week
    1

  • Sandra Knight

    Secretary(Part Year)/Board Member

    Total calculated
    $0
    Hours/week
    1

  • Aaron Horton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Arnie Wilson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bethany Silvas

    Board Member (Part Year)

    Total calculated
    $0
    Hours/week
    1

  • Bill McDaniel

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brad Fink

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brad Kochis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brad Turner

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brian Powell

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brodrick Thomas

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cassandra Trotman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dale Schaeffer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Daniel Bradshaw

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Daron Brown

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Smith

    Board Member

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Snodgrass

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Don Myers

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dwight Gunter

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Eugenio Duarte

    Board Member (Part Year)

    Total calculated
    $0
    Hours/week
    1

  • Franchetti Dana

    Board Member (Part Year)

    Total calculated
    $0
    Hours/week
    1

  • Freddie Williams

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Howard Wall

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Huey Davis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Hunter Cummings

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Selvidge

    Board Member (Part Year)

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Horton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joe Storey

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Paul

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John Rees Dunn

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kip Hasselbring

    Board Member (Part Year)

    Total calculated
    $0
    Hours/week
    1

  • Marquita Hicks

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Morris Stocks

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paul Winkler

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Peggy Smith

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Pierre Paul

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ron DeWitt

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ron Jones

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ryan Brown

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Samuel Flores

    Board Member

    Total calculated
    $1,450
    From this org
    $1,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Scott Daniels

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Scott Ragan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Teresa Hodge

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Trisha Spear

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Wendel Nixon

    Board Member (Part Year)

    Total calculated
    $0
    Hours/week
    1

  • Mariano Monz

    EVP Finance & Admin

    Total calculated
    $180,586
    From this org
    $144,184
    From related orgs
    $0
    Other
    $36,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,824
    Bonus
    $0
    Other
    $360
    Deferred
    $5,888
    Nontaxable benefits
    $30,514
    Filer's total
    $180,586

  • Tom Middendorf

    Provost

    Total calculated
    $195,723
    From this org
    $163,487
    From related orgs
    $0
    Other
    $32,236
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,127
    Bonus
    $0
    Other
    $360
    Deferred
    $6,906
    Nontaxable benefits
    $25,330
    Filer's total
    $195,723

  • James Agee

    Professor of Business

    Total calculated
    $193,528
    From this org
    $134,160
    From related orgs
    $0
    Other
    $59,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,984
    Bonus
    $0
    Other
    $176
    Deferred
    $3,451
    Nontaxable benefits
    $55,917
    Filer's total
    $193,528

  • Kristin Bledsoe

    Dean of SOLIS

    Total calculated
    $175,225
    From this org
    $150,109
    From related orgs
    $0
    Other
    $25,116
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,012
    Bonus
    $0
    Other
    $97
    Deferred
    $2,625
    Nontaxable benefits
    $22,491
    Filer's total
    $175,225

  • Lawrence Ness

    Professor of Business

    Total calculated
    $160,143
    From this org
    $134,248
    From related orgs
    $0
    Other
    $25,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,377
    Bonus
    $0
    Other
    $871
    Deferred
    $2,500
    Nontaxable benefits
    $23,395
    Filer's total
    $160,143

  • Rick Mann

    Prof. Business/ Dir. MBA

    Total calculated
    $162,915
    From this org
    $158,385
    From related orgs
    $0
    Other
    $4,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,632
    Bonus
    $0
    Other
    $2,753
    Deferred
    $3,643
    Nontaxable benefits
    $887
    Filer's total
    $162,915

  • Ryan Longnecker

    ASC DeanOnlineLS

    Total calculated
    $153,385
    From this org
    $135,706
    From related orgs
    $0
    Other
    $17,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,605
    Bonus
    $0
    Other
    $101
    Deferred
    $2,511
    Nontaxable benefits
    $15,168
    Filer's total
    $153,385

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 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 allowance or residence for personal use
Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. Dr. Dan Boone, President, met the qualifications for and received a ministerial housing allowance during the tax year.

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 303 Murfreesboro Road LLC

    Property Development · TN · income $0 · assets $1,935,000

    Directly controlled by Trevecca Nazarene University

  • 411 Woodycrest LLC

    Property Development · TN · income $107,500 · assets $1,350,000

    Directly controlled by Trevecca Nazarene University

  • 195 Polk LLC

    Property Development · TN · income $259,200 · assets $10,509,890

    Directly controlled by Trevecca Nazarene University

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TNOH Partners VI

    Unrelated · Commerical office & educational · TN · 90% owned · share of income $475,450 · share of assets $3,949,728 · general or managing partner

    Directly controlled by 195 Polk LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable remainder unitrusts (1)

    Trust · Personal Estate · TN · controlled entity

    Directly controlled by Trevecca Nazarene University

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202423109349303057

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