Form 990 for tax year 2022
Filed by UNIVERSITY OF THE CUMBERLANDS INC.
Totals
- Total revenue
- $177,508,210
- Total expenses
- $131,340,284
- Contributions and grants received
- $6,683,913
- Grants paid
- $8,316,303
- Program service revenue
- $165,367,091
- Investment income
- $4,927,771
- Other revenue
- $529,435
- Total assets, end of year
- $550,041,021
- Total liabilities, end of year
- $35,741,098
- Net assets or fund balances, end of year
- $514,299,923
- Program services expenses (Part IX)
- $119,188,662
- Management and general expenses
- $10,369,822
- Fundraising expenses
- $1,781,800
- Program service expenses (Part III)
- $119,188,662
Program services were 90.7% 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.
-
1f · All other contributions, gifts and grants
$6,683,913
-
2a · Program service revenue: TUITION/FEES
total $153,638,654 · related or exempt $153,638,654
-
2b · Program service revenue: AUXILIARY SERVICES
total $10,981,439 · related or exempt $10,981,439
-
2c · Program service revenue: DEPARTMENTAL SALES/SERVICES
total $746,998 · related or exempt $746,998
-
3 · Investment income
total $8,160,202 · excluded $8,160,202
-
6a · Gross rents
real property $450,737
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $450,737
-
6d · Net rental income or loss
total $450,737 · excluded $450,737
-
7b · Less cost or other basis and sales expenses
securities $3,232,431
-
7c · Gain or loss
securities -$3,232,431
-
7d · Net gain or loss
total -$3,232,431 · excluded -$3,232,431
-
11a · Other revenue: OTHER REVENUE
total $78,698 · related or exempt $78,698
-
11e · Other revenue, total
$78,698
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,316,303 · program services $8,316,303
-
5 · Compensation of officers, directors and key employees
total $2,911,867 · management and general $2,911,867
-
7 · Other salaries and wages
total $50,887,403 · program services $49,182,313 · management and general $652,280 · fundraising $1,052,810
-
9 · Other employee benefits
total $9,426,032 · program services $8,604,364 · management and general $583,372 · fundraising $238,296
-
11g · Fees: other
total $1,629,996 · program services $1,629,996
-
12 · Advertising and promotion
total $5,065,377 · program services $5,055,207 · management and general $2,500 · fundraising $7,670
-
14 · Information technology
total $995,288 · program services $786,613 · management and general $127,878 · fundraising $80,797
-
16 · Occupancy
total $1,268,780 · program services $1,268,780
-
17 · Travel
total $2,086,383 · program services $1,909,611 · management and general $116,076 · fundraising $60,696
-
22 · Depreciation, depletion and amortization
total $7,459,707 · program services $7,208,631 · management and general $226,977 · fundraising $24,099
-
23 · Insurance
total $1,733,812 · program services $387,218 · management and general $1,346,594
-
24a · Other expenses: SERVICES
total $20,901,814 · program services $19,994,143 · management and general $840,036 · fundraising $67,635
-
24b · Other expenses: PLANT SERVICES
total $5,299,278 · program services $5,120,918 · management and general $161,241 · fundraising $17,119
-
24c · Other expenses: LITIGATION SETTLEMENT
total $3,121,699 · management and general $3,121,699
-
24d · Other expenses: BAD DEBT
total $1,979,250 · program services $1,979,250
-
24e · All other expenses
total $8,257,295 · program services $7,745,315 · management and general $279,302 · fundraising $232,678
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $69,430,886 · end of year $71,538,830
-
3 · Pledges and grants receivable
beginning of year $351,427 · end of year $316,840
-
4 · Accounts receivable
beginning of year $21,192,005 · end of year $27,540,267
-
7 · Other notes and loans receivable
beginning of year $1,310,246 · end of year $429,277
-
9 · Prepaid expenses and deferred charges
end of year $65,750
-
10a · Land, buildings and equipment: cost or other basis
$211,364,317
-
10b · Land, buildings and equipment: accumulated depreciation
$71,118,694
-
10c · Land, buildings and equipment, net
beginning of year $140,468,688 · end of year $140,245,623
-
12 · Investments: other securities
beginning of year $209,417,733 · end of year $268,731,764
-
15 · Other assets
beginning of year $41,010,776 · end of year $41,172,670
-
17 · Accounts payable and accrued expenses
beginning of year $7,185,594 · end of year $8,810,349
-
19 · Deferred revenue
beginning of year $20,636,026 · end of year $25,158,745
-
25 · Other liabilities
beginning of year $2,857,882 · end of year $1,772,004
-
27 · Net assets without donor restrictions
beginning of year $357,193,213 · end of year $422,676,641
-
28 · Net assets with donor restrictions
beginning of year $95,309,046 · end of year $91,623,282
Mission and programs · 2022
Mission
PROVIDING EXCEPTIONAL EDUCATIONAL SERVICES IN A PRIVATE BAPTIST UNIVERSITY ENVIRONMENT.
Activities or mission (Part I)
TO PROVIDE A QUALITY, AFFORDABLE EDUCATION TO STUDENTS FROM ALL BACKGROUNDS THROUGH BROAD-BASED ACADEMICS. THE INSTITUTION IS GROUNDED IN CHRISTIAN PRINCIPLES AND LEADERSHIP THROUGH SERVICE"
-
THE UNIVERSITY PROVIDES EXCEPTIONAL EDUCATIONAL SERVICES IN A PRIVATE BAPTIST UNIVERSITY ENVIRONMENT TO STUDENTS AT LESS THAN THE AGGREGATE COST OF THESE SERVICES. SUCH ACTIVITY IS THE PRIMARY PURPOSE FOR WHICH THE UNIVERSITY WAS FORMED. ATHLETICS, SALES, AND AUXILIARY INCOME IS ALSO AN ESSENTIAL COMPONENT OF THE UNIVERSITY'S PRIMARY EXEMPT PURPOSE OF PROVIDING QUALITY EDUCATIONAL SERVICE.
Expenses $119,188,662 · Grants $8,316,303 · Revenue $165,445,789
As filed on the 2022 return.
Listed in Part VII
-
David LewisDAVID LEWIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr John Mark TobyDR JOHN MARK TOBY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bill GullettBILL GULLETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lori LewisLORI LEWIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Franklin GreeneFRANKLIN GREENE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cookie HensonCOOKIE HENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael MountjoyMICHAEL MOUNTJOY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Phillip ArmstrongPHILLIP ARMSTRONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tony HancockDR TONY HANCOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe EllisonJOE ELLISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr French HarmonDR FRENCH HARMON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amanda WaltonAMANDA WALTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Connie HauserDR CONNIE HAUSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Charles DyeDR CHARLES DYE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Oliver Keith GannonDR OLIVER KEITH GANNON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Marion ForchtDR MARION FORCHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rufus FridayRUFUS FRIDAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David KnockDAVID KNOCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lee BryantLEE BRYANT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Larry BrandstetterLARRY BRANDSTETTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donnie PatrickDONNIE PATRICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Georgetta GannonGEORGETTA GANNON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott ThompsonSCOTT THOMPSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Winston GriffinWINSTON GRIFFIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John StewartJOHN STEWART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Quentin YoungDR QUENTIN YOUNG
EXECUTIVE VP FINANCE/CFO
- Total calculated
- $239,485
- From this org
- $213,285
- From related orgs
- $0
- Other
- $26,200
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,285
- Bonus
- $0
- Other
- $0
- Deferred
- $8,994
- Nontaxable benefits
- $17,206
- Filer's total
- $239,485
-
Dr Larry CockrumDR LARRY COCKRUM
PRESIDENT/CHIEF EXECUTIVE OFFICER
- Total calculated
- $1,701,225
- From this org
- $1,655,663
- From related orgs
- $0
- Other
- $45,562
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,655,663
- Bonus
- $0
- Other
- $0
- Deferred
- $27,000
- Nontaxable benefits
- $18,562
- Filer's total
- $1,701,225
-
Dr Jerry JacksonDR JERRY JACKSON
EXECUTIVE VP ENROLLMENT
- Total calculated
- $234,261
- From this org
- $220,082
- From related orgs
- $0
- Other
- $14,179
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,082
- Bonus
- $0
- Other
- $0
- Deferred
- $8,269
- Nontaxable benefits
- $5,910
- Filer's total
- $234,261
-
Dr Emily ColemanDR EMILY COLEMAN
DIRECTOR OF THE LEARNING C
- Total calculated
- $221,076
- From this org
- $204,828
- From related orgs
- $0
- Other
- $16,248
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,828
- Bonus
- $0
- Other
- $0
- Deferred
- $7,817
- Nontaxable benefits
- $8,431
- Filer's total
- $221,076
-
Dr Donnie GrimesDR DONNIE GRIMES
EXECUTIVE VP INFORMATION T
- Total calculated
- $199,487
- From this org
- $174,290
- From related orgs
- $0
- Other
- $25,197
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,290
- Bonus
- $0
- Other
- $0
- Deferred
- $7,941
- Nontaxable benefits
- $17,256
- Filer's total
- $199,487
-
Dr Trey JarboeDR TREY JARBOE
VP ACADEMIC AFFAIRS
- Total calculated
- $202,119
- From this org
- $178,825
- From related orgs
- $0
- Other
- $23,294
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,825
- Bonus
- $0
- Other
- $0
- Deferred
- $6,088
- Nontaxable benefits
- $17,206
- Filer's total
- $202,119
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
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.
-
CUMBERLAND WELLNESS PROPERTIES
501(C)(3) · LEASES EDUCATIONAL PROPERTY TO UNIVERSITY OF THE CUMBERLANDS, INC. · KY · controlled entity
Directly controlled by UNIVERSITY OF THE CUMBERLANDS INC
-
501(C)(3) · CONSTRUCT HOUSING FOR NEEDY FAMILIES · KY · controlled entity
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
- 202441369349302584
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.