Form 990 for tax year 2022

Filed by WILLIAM R MOORE COLLEGE OF TECHNOLOGY.

What the amendment changed

Compared with the return it replaced , filed 15 July 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue: $4,525,001
Total expenses: $6,137,658
Contributions and grants received: $1,402,480
Grants paid: $542,463
Program service revenue: $2,471,546
Investment income: $578,463
Other revenue: $72,512
Total assets, end of year: $10,214,595
Total liabilities, end of year: $1,231,336
Net assets or fund balances, end of year: $8,983,259
Program services expenses (Part IX): $5,548,783
Management and general expenses: $588,875
Fundraising expenses: $0
Program service expenses (Part III): $5,548,783

Program services were 90.4% 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.

1e · Government grants (contributions)

$181,000
1f · All other contributions, gifts and grants

$1,221,480
2a · Program service revenue: TUITION & FEES

total $2,471,546 · related or exempt $2,471,546
3 · Investment income

total $255,791 · excluded $255,791
6a · Gross rents

real property $3,000
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $3,000
6d · Net rental income or loss

total $3,000 · related or exempt $3,000
7a · Gross sales of assets other than inventory

securities $564,000
7b · Less cost or other basis and sales expenses

securities $241,328
7c · Gain or loss

securities $322,672
7d · Net gain or loss

total $322,672 · excluded $322,672
11a · Other revenue: MISCELLANEOUS REVENUE

total $69,512 · related or exempt $69,512
11e · Other revenue, total

$69,512

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $542,463 · program services $542,463
5 · Compensation of officers, directors and key employees

total $497,297 · program services $313,809 · management and general $183,488
7 · Other salaries and wages

total $2,236,123 · program services $2,236,123
8 · Pension plan contributions

total $119,551 · program services $111,183 · management and general $8,368
10 · Payroll taxes

total $212,687 · program services $199,406 · management and general $13,281
11f · Fees: investment management

total $37,666 · management and general $37,666
11g · Fees: other

total $356,355 · program services $318,677 · management and general $37,678
12 · Advertising and promotion

total $190,784 · program services $167,889 · management and general $22,895
13 · Office expenses

total $123,283 · program services $88,835 · management and general $34,448
14 · Information technology

total $40,236 · management and general $40,236
16 · Occupancy

total $273,455 · program services $232,447 · management and general $41,008
17 · Travel

total $29,558 · program services $26,012 · management and general $3,546
20 · Interest

total $63,481 · program services $63,481
22 · Depreciation, depletion and amortization

total $346,958 · program services $294,915 · management and general $52,043
23 · Insurance

total $407,082 · program services $359,783 · management and general $47,299
24a · Other expenses: DEPARTMENT EXPENSE

total $327,630 · program services $327,630
24b · Other expenses: REPAIRS & MAINTENANCE

total $157,443 · program services $138,549 · management and general $18,894
24c · Other expenses: MEMBERSHIP & DUES

total $60,507 · program services $53,246 · management and general $7,261
24d · Other expenses: BAD DEBT

total $38,458 · management and general $38,458
24e · All other expenses

total $76,641 · program services $74,335 · management and general $2,306

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,113,357 · end of year -$38,096
3 · Pledges and grants receivable

beginning of year $369,087 · end of year $201,005
4 · Accounts receivable

beginning of year $163,847 · end of year $379,207
7 · Other notes and loans receivable

beginning of year $976,447 · end of year $287,552
8 · Inventories for sale or use

beginning of year $16,180 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$7,082,394
10b · Land, buildings and equipment: accumulated depreciation

$4,520,903
10c · Land, buildings and equipment, net

beginning of year $2,252,637 · end of year $2,561,491
11 · Investments: publicly traded securities

beginning of year $6,896,341 · end of year $6,823,336
13 · Investments: program-related

beginning of year $100 · end of year $100
17 · Accounts payable and accrued expenses

beginning of year $133,354 · end of year $232,993
19 · Deferred revenue

beginning of year $35,848 · end of year $19,628
23 · Secured mortgages and notes payable

beginning of year $978,715 · end of year $978,715
27 · Net assets without donor restrictions

beginning of year $2,077,539 · end of year $1,320,891
28 · Net assets with donor restrictions

beginning of year $8,562,540 · end of year $7,662,368

Mission and programs · 2022

Mission

THE COLLEGE PROVIDES STUDENTS WITH THE TRAINING AND SKILLS NECESSARY TO BECOME SUCCESSFUL IN BUSINESS AND INDUSTRY. IT IS THE GOAL OF THE COLLEGE TO PROVIDE STUDENTS WITH A WORKING KNOWLEDGE OF THE SKILLS NEEDED TO ENTER EMPLOYMENT IN THE PROGRAM AREA OF THEIR CHOICE.

Activities or mission (Part I)

SEE SCHEDULE O

SEE SCHEDULE O

Expenses $5,548,783 · Grants $542,463 · Revenue $2,544,058

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Ben WingfieldBEN WINGFIELD

CHAIRMAN

Total calculated

$0

Hours/week

2
Belinda AndersonBELINDA ANDERSON

TRUSTEE

Total calculated

$0

Hours/week

2
Ben KerasBEN KERAS

TRUSTEE

Total calculated

$0

Hours/week

2
Bena CatesBENA CATES

TRUSTEE

Total calculated

$0

Hours/week

2
Charles HigginsCHARLES HIGGINS

TRUSTEE

Total calculated

$0

Hours/week

2
Chris EwingCHRIS EWING

TRUSTEE

Total calculated

$0

Hours/week

2
Dede MalmoDEDE MALMO

TRUSTEE

Total calculated

$0

Hours/week

2
Farrar VaughnFARRAR VAUGHN

TRUSTEE

Total calculated

$0

Hours/week

2
James KirkwoodJAMES KIRKWOOD

TRUSTEE

Total calculated

$0

Hours/week

2
Mario RayMARIO RAY

TRUSTEE

Total calculated

$0

Hours/week

2
Rusty LinkousRUSTY LINKOUS

TRUSTEE

Total calculated

$0

Hours/week

2
S Clay SmytheS CLAY SMYTHE

TRUSTEE

Total calculated

$0

Hours/week

2
Tim MayTIM MAY

TRUSTEE

Total calculated

$0

Hours/week

2
Tom WackTOM WACK

TRUSTEE

Total calculated

$0

Hours/week

2
Will GrahamWILL GRAHAM

TRUSTEE

Total calculated

$0

Hours/week

2
Stanley E RedmondSTANLEY E REDMOND

PRESIDENT

Total calculated

$242,366

From this org

$242,366

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$242,366

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$242,366
Jerry JohnsonJERRY JOHNSON

CHIEF FINANCIAL OFFICER

Total calculated

$147,998

From this org

$147,998

From related orgs

$0

Other

$0

Hours/week

40
Karen TreasKAREN TREAS

VP OF CAREER SERVICES

Total calculated

$116,934

From this org

$116,934

From related orgs

$0

Other

$0

Hours/week

40

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

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)

PART I, LINE 3: THE PRESIDENT'S COMPENSATION IS DECIDED AND APPROVED BY THE BOARD OF TRUSTEES.

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.

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.

Related corporations and trusts

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

SMITH & HALL MANUFACTURING INC

C · MACHINERY & WELDING · TN · 100% owned · share of income -$7,868 · share of assets $11,234

Directly controlled by WILLIAM R MOORE COLLEGE OF TECHNOLOGY

Provenance

Return type: form_990
Tax year: 2022
Filed: 29 August 2024
IRS schema version: 2022v5.0
Source object: 202412429349301336

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