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Nonprofiteer
← UNION UNIVERSITY

Form 990 for tax year 2024

Filed by UNION UNIVERSITY.

Totals

Total revenue
$113,725,836
Total expenses
$99,401,156
Contributions and grants received
$14,206,285
Grants paid
$30,060,556
Program service revenue
$91,359,651
Investment income
$4,575,406
Other revenue
$3,584,494
Total assets, end of year
$242,370,249
Total liabilities, end of year
$25,839,106
Net assets or fund balances, end of year
$216,531,143
Program services expenses (Part IX)
$91,545,200
Management and general expenses
$6,919,188
Fundraising expenses
$936,768
Program service expenses (Part III)
$91,545,200

Program services were 92.1% 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

    $220,467

  • 1e · Government grants (contributions)

    $7,408,502

  • 1f · All other contributions, gifts and grants

    $6,577,316

  • 1g · Noncash contributions included above

    $307,700

  • 2a · Program service revenue: TUITION AND FEES

    total $72,993,925 · related or exempt $72,993,925

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $16,975,877 · related or exempt $16,755,075 · unrelated business $220,802

  • 2f · All other program service revenue

    total $1,389,849 · related or exempt $1,389,849

  • 3 · Investment income

    total $3,837,008 · excluded $3,837,008

  • 6a · Gross rents

    real property $144,783

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $144,783

  • 6d · Net rental income or loss

    total $144,783 · excluded $144,783

  • 7a · Gross sales of assets other than inventory

    securities $10,490,399

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

    securities $9,164,184 · other assets $587,817

  • 7c · Gain or loss

    securities $1,326,215 · other assets -$587,817

  • 7d · Net gain or loss

    total $738,398 · excluded $738,398

  • 8a · Fundraising events: gross income

    $42,921

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

    $220,467

  • 8b · Fundraising events: direct expenses

    $166,548

  • 8c · Net income from fundraising events

    total -$123,627 · excluded -$123,627

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $3,563,338 · excluded $3,563,338

  • 11e · Other revenue, total

    $3,563,338

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $30,060,556 · program services $30,060,556

  • 5 · Compensation of officers, directors and key employees

    total $590,485 · program services $383,815 · management and general $206,670

  • 6 · Compensation of disqualified persons

    total $115,572 · program services $71,777 · management and general $43,795

  • 7 · Other salaries and wages

    total $30,879,293 · program services $27,806,679 · management and general $2,591,126 · fundraising $481,488

  • 8 · Pension plan contributions

    total $948,209 · program services $878,322 · management and general $53,520 · fundraising $16,367

  • 9 · Other employee benefits

    total $7,841,186 · program services $7,500,333 · management and general $267,450 · fundraising $73,403

  • 10 · Payroll taxes

    total $2,130,771 · program services $1,961,400 · management and general $135,655 · fundraising $33,716

  • 11b · Fees: legal

    total $27,469 · management and general $27,469

  • 11c · Fees: accounting

    total $92,175 · management and general $92,175

  • 11e · Fees: professional fundraising services

    total $89,950 · fundraising $89,950

  • 11f · Fees: investment management

    total $356,948 · management and general $356,948

  • 11g · Fees: other

    total $1,033,849 · program services $1,033,849

  • 12 · Advertising and promotion

    total $1,554,986 · program services $615,557 · management and general $837,434 · fundraising $101,995

  • 13 · Office expenses

    total $5,904,486 · program services $4,637,046 · management and general $1,224,618 · fundraising $42,822

  • 14 · Information technology

    total $1,528,552 · program services $1,449,013 · management and general $538 · fundraising $79,001

  • 16 · Occupancy

    total $5,019,822 · program services $5,002,066 · management and general $17,756

  • 17 · Travel

    total $1,722,078 · program services $1,669,678 · management and general $38,874 · fundraising $13,526

  • 19 · Conferences, conventions and meetings

    total $265,185 · program services $254,361 · management and general $6,324 · fundraising $4,500

  • 20 · Interest

    total $333,202 · program services $309,269 · management and general $23,933

  • 22 · Depreciation, depletion and amortization

    total $4,859,031 · program services $4,449,615 · management and general $409,416

  • 23 · Insurance

    total $192,247 · management and general $192,247

  • 24a · Other expenses: DINING HALL SERVICE EXP

    total $3,461,864 · program services $3,461,864

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $393,240 · management and general $393,240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $254,767 · end of year $1,551,752

  • 2 · Savings and temporary cash investments

    beginning of year $15,048,505 · end of year $24,156,289

  • 3 · Pledges and grants receivable

    beginning of year $4,631,842 · end of year $4,041,018

  • 4 · Accounts receivable

    beginning of year $1,063,662 · end of year $698,850

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,624 · end of year $2,859

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

    $244,610,557

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

    $104,665,367

  • 10c · Land, buildings and equipment, net

    beginning of year $129,404,414 · end of year $139,945,190

  • 11 · Investments: publicly traded securities

    beginning of year $42,637,833 · end of year $43,883,089

  • 12 · Investments: other securities

    beginning of year $25,300,397 · end of year $27,453,622

  • 15 · Other assets

    beginning of year $780,283 · end of year $637,580

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,280,602 · end of year $4,868,879

  • 19 · Deferred revenue

    beginning of year $4,946,211 · end of year $5,016,511

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,142,622 · end of year $14,667,973

  • 23 · Secured mortgages and notes payable

    beginning of year $328,192

  • 24 · Unsecured notes and loans payable

    beginning of year $57,142 · end of year $42,856

  • 25 · Other liabilities

    beginning of year $1,376,385 · end of year $1,242,887

  • 27 · Net assets without donor restrictions

    beginning of year $96,901,532 · end of year $115,318,075

  • 28 · Net assets with donor restrictions

    beginning of year $104,113,641 · end of year $101,213,068

Mission and programs · 2024

Mission

UNION UNIVERSITY PROVIDES CHRIST-CENTERED EDUCATION THAT PROMOTES EXCELLENCE AND CHARACTER DEVELOPMENT IN SERVICE TO CHURCH AND SOCIETY.

  • UNION UNIVERSITY IS A PRIVATE, CHRISTIAN, FOUR-YEAR, COEDUCATIONAL, LIBERAL ARTS-BASED UNIVERSITY OFFERING BACHELOR'S, MASTER'S, AND DOCTORAL DEGREES, AND IS FOSTERED BY THE TENNESSEE BAPTIST CONVENTION. FOUNDED IN 1823 AND LOCATED IN JACKSON, TENNESSEE, UNION ALSO HAS EXTENSION CAMPUSES IN GERMANTOWN, AND HENDERSONVILLE, TENNESSEE. THE STUDENT BODY IS MADE UP OF 2,700 STUDENTS FROM 46 STATES AND 8 COUNTRIES.

    Expenses $80,144,848 · Grants $30,060,556 · Revenue $74,383,774

  • HIGHER EDUCATION AUXILIARY ENTERPRISES SUCH AS STUDENT HOUSING AND MEAL PLAN SALES. RESIDENCE LIFE IS UNIQUELY ARRANGED IN APARTMENT-STYLE HOUSING WITH THE VAST MAJORITY OF OUR HOUSING FEATURING A PRIVATE BEDROOM FOR EACH INDIVIDUAL STUDENT.

    Expenses $11,400,352 · Revenue $16,755,075

As filed on the 2024 return.

Listed in Part VII

  • Jeff Perkins

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Josh Dougan

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kay Griffin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chuck Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Trent Bullock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jake Bynum

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Dement

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Adam Dooley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jim Farmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gil Fletcher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Guthrie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Omar L Hamada

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jay Hardwick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robyn Hari

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Norm Hill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brandon James

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rod James

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kylan Mann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rob Rash

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Rogers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Sherzer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Harry Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joshua Trent

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cherie Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ramona Yates

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Warren Nunn

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Linda Shoaf

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Samuel Dub Oliver

    PRESIDENT & CEO

    Total calculated
    $412,112
    From this org
    $289,949
    From related orgs
    $0
    Other
    $122,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,616
    Bonus
    $1,570
    Other
    $1,763
    Deferred
    $44,300
    Nontaxable benefits
    $77,863
    Filer's total
    $412,112

  • Rick Taphorn

    CFO/VP BUS AFFAIRS

    Total calculated
    $167,151
    From this org
    $125,616
    From related orgs
    $0
    Other
    $41,535
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,262
    Bonus
    $1,354
    Other
    $0
    Deferred
    $5,381
    Nontaxable benefits
    $36,154
    Filer's total
    $167,151

  • Mark Campbell

    WOMEN'S BASKETBALL COACH & ATH. DIRECTOR

    Total calculated
    $255,431
    From this org
    $167,544
    From related orgs
    $0
    Other
    $87,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,190
    Bonus
    $1,354
    Other
    $0
    Deferred
    $7,050
    Nontaxable benefits
    $80,837
    Filer's total
    $255,431

  • David Kuhl

    PROF - SCH OF PHARMACY

    Total calculated
    $232,943
    From this org
    $160,855
    From related orgs
    $0
    Other
    $72,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,501
    Bonus
    $1,354
    Other
    $0
    Deferred
    $6,880
    Nontaxable benefits
    $65,208
    Filer's total
    $232,943

  • Andrew Martin

    PROF - SCH OF PHARMACY

    Total calculated
    $242,701
    From this org
    $135,998
    From related orgs
    $0
    Other
    $106,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,644
    Bonus
    $1,354
    Other
    $0
    Deferred
    $5,748
    Nontaxable benefits
    $100,955
    Filer's total
    $242,701

  • John Carbonell

    AVP - HR

    Total calculated
    $221,349
    From this org
    $112,702
    From related orgs
    $0
    Other
    $108,647
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,348
    Bonus
    $1,354
    Other
    $0
    Deferred
    $4,957
    Nontaxable benefits
    $103,690
    Filer's total
    $221,349

  • Daniel Slater

    DEAN - SCH OF BUSINESS

    Total calculated
    $221,465
    From this org
    $154,100
    From related orgs
    $0
    Other
    $67,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,746
    Bonus
    $1,354
    Other
    $0
    Deferred
    $6,424
    Nontaxable benefits
    $60,941
    Filer's total
    $221,465

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 committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. PRESIDENT OLIVER MET THE QUALIFICATIONS FOR AND RECEIVED A MINISTERIAL HOUSING ALLOWANCE DURING THE TAX YEAR.
PART I, LINE 7
ALL FULL-TIME AND PART-TIME EMPLOYEES RECEIVED A NON-FIXED DISCRETIONARY BONUS AT THE DIRECTION OF THE BOARD AND UNIVERSITY PRESIDENT.

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.

Disregarded entities

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

  • UNION UNIVERSITY FOUNDATION LLC

    FUNDRAISING FOR UNIVERSITY · TN · income $0 · assets $0

    Directly controlled by UNION UNIVERSITY

Provenance

Return type
form_990
Tax year
2024
Filed
12 June 2026
IRS schema version
2024v5.5
Source object
202641639349300814

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