Totals
- Total revenue
- $1,107,488
- Total expenses
- $631,185
- Contributions and grants received
- $1,107,488
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,773,404
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,773,404
- Program services expenses (Part IX)
- $631,185
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $631,185
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$1,107,488
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $178,499 · program services $178,499
-
9 · Other employee benefits
total $37,485 · program services $37,485
-
11g · Fees: other
total $23,677 · program services $23,677
-
14 · Information technology
total $492 · program services $492
-
16 · Occupancy
total $21,200 · program services $21,200
-
17 · Travel
total $21,768 · program services $21,768
-
24a · Other expenses: RESTRICTED EXPENSES
total $266,382 · program services $266,382
-
24b · Other expenses: BUILDING MATERIALS
total $46,224 · program services $46,224
-
24c · Other expenses: BENEVOLENCE
total $24,760 · program services $24,760
-
24d · Other expenses: EQUIPMENT
total $4,428 · program services $4,428
-
24e · All other expenses
total $6,270 · program services $6,270
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,074,292 · end of year $715,117
-
3 · Pledges and grants receivable
end of year $482,834
-
4 · Accounts receivable
end of year $38,964
-
7 · Other notes and loans receivable
beginning of year $64,673 · end of year $536,489
-
27 · Net assets without donor restrictions
beginning of year $50,312 · end of year $208,448
-
28 · Net assets with donor restrictions
beginning of year $1,088,653 · end of year $1,564,956
Mission and programs · 2022
Mission
CONSTRUCT HOUSING FOR NEEDY FAMILIES.
-
THE SOLE PURPOSE OF THIS ORGANIZATION IS TO USE FUNDS FROM GIFTS, LEGACIES, BEQUESTS, AND GRANTS TO CONSTRUCT HOUSING FOR NEEDY FAMILIES. THE STUDENTS OF THE UNIVERSITY OF THE CUMBERLANDS, INC. WILL ALSO BE GRANTED SCHOLARSHIPS FROM THESE FUNDS IN EXCHANGE FOR THEIR LABOR NEEDED TO CONSTRUCT NEW HOUSING AND/OR REPAIR EXISTING HOUSING FOR NEEDY FAMILIES. COUNSELING WILL ALSO BE PROVIDED TO QUALIFYING FAMILIES TO ENABLE THEM TO LEARN HOW TO BETTER CARE FOR THEMSELVES AND THEIR FAMILIES. THEY WILL BE OFFERED EDUCATIONAL ASSISTANCE SO THAT THEY MAY IMPROVE THEIR STANDARDS OF LIVING.
Expenses $631,185
As filed on the 2022 return.
Listed in Part VII
-
QUENTIN YOUNG
VICE PRESIDENT
- Total calculated
- $239,485
- From this org
- $0
- From related orgs
- $213,285
- Other
- $26,200
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $213,285 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $26,200 related
- Filer's total
- $0 + $239,485 related
-
LARRY COCKRUM
PRESIDENT
- Total calculated
- $1,701,225
- From this org
- $0
- From related orgs
- $1,655,663
- Other
- $45,562
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $1,655,663 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $45,562 related
- Filer's total
- $0 + $1,701,225 related
-
AMANDA WALTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
LESLIE RYSER
ASST SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
LARRY BRANDSTETTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
JOE ELLISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
DAVID LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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
None.
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)
- PART I, LINE 3
- THE ORGANIZATION RELIES ON A RELATED ORGANIZATION, UNIVERSITY OF THE CUMBERLANDS, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CFO AND PRESIDENT, WHO ARE COMPENSATED BY 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.
-
UNIVERSITY OF THE CUMBERLANDS INC
501(C)(3) · EDUCATION · KY
-
CUMBERLAND WELLNESS PROPERTIES INC
501(C)(3) · TO ACQUIRE PROPERTIES FOR NEW MARKETS TAX CREDIT · KY
Directly controlled by UNIVERSITY OF THE CUMBERLANDS INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349301940
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