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Nonprofiteer
← THOMAS UNIVERSITY INC

Form 990 for tax year 2023

Filed by THOMAS UNIVERSITY INC.

Totals

Total revenue
$22,418,752
Total expenses
$22,948,905
Contributions and grants received
$3,993,063
Grants paid
$2,594,537
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$17,411,071
Management and general expenses
$5,537,834
Fundraising expenses
$0
Program service expenses (Part III)
$17,411,071

Program services were 75.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR RICHARD COMSTOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR RANKIN SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR CHARLES DIXON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR STEPHEN CHENEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR GENE LORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JEREMY JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR GEORGE LILLY II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR CLINT KADEL

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MR JEFF MERSCHMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MRS EVE RUMBLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR WILSON CARRAWAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR VANN MIDDLETON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR RANDY RHEA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS KATHY VIGNOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR SCOTT RICH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MRS REBECCA STRICKLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR RAY THOMPSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MRS PAT CHOICE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR PHILIP LEABO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MR MARVIN DAWSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR ANDY SHEPPARD

    PRESIDENT

    Total calculated
    $292,561
    From this org
    $271,133
    From related orgs
    $0
    Other
    $21,428
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $271,133
    Bonus
    $0
    Other
    $0
    Deferred
    $14,139
    Nontaxable benefits
    $7,289
    Filer's total
    $292,561

  • DR JOHN K MEIS

    PROVOST

    Total calculated
    $108,596
    From this org
    $101,003
    From related orgs
    $0
    Other
    $7,593
    Hours/week
    50

  • MRS SUSAN BACKOFEN

    VICE PRESIDENT OF ENROLLME

    Total calculated
    $129,719
    From this org
    $114,205
    From related orgs
    $0
    Other
    $15,514
    Hours/week
    50

  • MR KURT STRINGFELLOW

    VICE PRESIDENT OF INSTITUT

    Total calculated
    $125,745
    From this org
    $124,876
    From related orgs
    $0
    Other
    $869
    Hours/week
    50

  • MR RANDY LIVINGSTON

    FORMER SENIOR VP OF FINANCE & ADMINISTRATION

    Total calculated
    $148,450
    From this org
    $132,676
    From related orgs
    $0
    Other
    $15,774
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,676
    Bonus
    $0
    Other
    $0
    Deferred
    $8,485
    Nontaxable benefits
    $7,289
    Filer's total
    $148,450

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 · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202531219349301493

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