Tusculum University
- Assets
- $105.6m
- Revenue
- $45.8m
- Investments
- $0.0
- Employees
- 539
- Location
- Greeneville, TN
- Founding
- 02/1934
- Data as of
- 06/2022
- EIN
- 62-0484185
Organization Overview
Tusculum University is located in Greeneville, TN. The organization was established in 1934. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Tusculum University employed 539 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tusculum University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Tusculum University generated $45.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $43.4m during the year ending 06/2022. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BEING PIONEER READY, CALLS EACH OF US TO BE PROACTIVE, INTERACTIVE, ORGANIZED, NETTIE-LIKE (SERVICE-MINDED), ENGAGED, ETHICAL, AND RESPONSIBLE! TUSCULUM UNIVERSITY SEEKS TO INSTILL IN ITS GRADUATES A SENSE OF THE WORLD IN WHICH THEY LIVE AND TO DEVELOP SKILLS TO MAKE SOUND DECISIONS THAT ARE BASED ON THE COMMON GOOD. EMBRACING THE FOUNDER'S PRESBYTERIAN ROOTS AND CHRISTIAN FAITH, THE INSTITUTION IS COMMITTED TO ACT JUSTLY, LOVE MERCY, AND WALK HUMBLY WITH GOD. INSPIRED BY FAITH, A CULTIVATING ATMOSPHERE OF OPEN DIALOGUE AND FREE INQUIRY IS ENCOURAGED. WITH A CIVIC ARTS TRADITION, THERE IS AN EMPHASIS ON CITIZENS WORKING TOGETHER TO FORM GOOD SOCIETIES THAT IN TURN NURTURE INDIVIDUALS OF GOOD CHARACTER. STUDENT-ATHLETES BECOME PRINCIPLED LEADERS WHO ARE CONTRIBUTING CITIZENS AND CHAMPIONS IN LIFE BY INSTILLING THE HIGHEST VALUES OF CHARACTER, INTEGRITY, AND SPORTSMANSHIP. THE CENTER FOR CIVIC ADVANCEMENT SEEKS TO ENGAGE THE HEART, MIND, AND SOUL IN CULTIVATING AWARENESS OF SELF/OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUSCULUM UNIVERSITY PROVIDED FORMAL INSTRUCTION AND RELATED ACADEMIC SUPPORT FOR OVER 1000 FULL-TIME EQUIVALENT STUDENTS TOWARD THE FULFILLMENT OF BACHELOR OF SCIENCE AND BACHELOR OF ART DEGREES, ALONG WITH MASTER DEGREES IN A VARIETY OF FIELDS OF STUDY. THE ACADEMIC PROGRAM CHALLENGES STUDENTS TO INNOVATE, ENGAGE, EXPERIMENT, AND PERSEVERE AS THEY DISCOVER THEIR PURPOSE. ALONG THEIR EDUCATIONAL JOURNEY, THEY ARE ENCOURAGED, EMPOWERED, SUPPORTED, AND INSPIRED THROUGH A PIONEER SPIRIT. MOST STUDENTS RECEIVE GENEROUS FINANCIAL SUPPORT THROUGH A VARIETY OF SCHOLARSHIP PROGRAMS. THE INSTRUCTIONAL CLASSROOMS ARE SMALL, WHICH ENABLES FACULTY TO PROVIDE INDIVIDUAL ATTENTION WHERE NEEDED. STRONG PERSONAL RELATIONSHIPS CREATE LIFE-LONG FRIENDSHIPS AND SUPPORT. ACADEMIC SERVICES ARE PROVIDED THROUGH THE LIBRARY AND TECHNOLOGY RESOURCES, TESTING RESOURCES, CAREER SERVICES, TUTORING, WORKSHOPS, COUNSELING, AND SPECIAL ACADEMIC ACCOMMODATIONS. LABS ARE AVAILABLE ON AN ONGOING BASIS. PERSONAL COUNSELING SERVICES ARE AVAILABLE BY LICENSED CLINICAL SOCIAL WORKERS.
AUXILIARY SERVICES WERE PROVIDED TO THE POPULATION OF STUDENTS, AS TUSCULUM UNIVERSITY REMAINS PRIMARILY A RESIDENTIAL CAMPUS. HOUSING AND MEALS WERE PROVIDED.
A VARIETY OF SERVICES ARE PROVIDED TO STUDENTS THROUGH MANY PROGRAMS AND OFFICES, INCLUDING INTRAMURAL SPORTS, GENERAL ATHLETICS, SPIRITUAL LIFE, THE STUDENT LOUNGE, ADMISSIONS, FINANCIAL AID, THE REGISTRAR, BUSINESS OFFICE, AND DEAN OF STUDENTS, AS WELL AS OTHERS. CAMPUS EMPLOYMENT AND INTERNSHIPS ARE AVAILABLE FOR ELIGIBLE STUDENTS, PROVIDING FINANCIAL RESOURCES AND VALUABLE WORK EXPERIENCES, PREPARING STUDENTS THAT ARE CAREER-READY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Scott Hummel President | Officer | 40 | $259,065 |
Dr Patricia Hunsader Chief Academic Officer | 40 | $146,026 | |
Dr Jacob Fait Dean Of Business | 40 | $117,853 | |
Mr Douglas Jones Athletic Dir | 40 | $114,690 | |
Dr Heather Jenson-Ramsey Dean | 40 | $100,374 | |
Dr Ramona Williams VP Of Enrollment | 40 | $107,559 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Group Usa Inc Food Services | 6/29/22 | $1,665,750 |
Anthology Administrative Technology | 6/29/22 | $896,372 |
Ena Services Technology Services | 6/29/22 | $224,248 |
Ruddalo Noel Levitz Consulting Services | 6/29/22 | $104,841 |
Independent College Enterprise Admistrative Technology | 6/29/22 | $167,981 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,665,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,443,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,109,168 |
| Total Program Service Revenue | $32,259,082 |
| Investment income | $757,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,919,005 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,774,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,489,457 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $423,156 |
| Compensation of current officers, directors, key employees. | $423,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,777,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,043,063 |
| Payroll taxes | $967,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $131,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,326,505 |
| Advertising and promotion | $153,018 |
| Office expenses | $173,826 |
| Information technology | $1,399,624 |
| Royalties | $0 |
| Occupancy | $2,613,537 |
| Travel | $1,210,902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,469 |
| Interest | $1,593,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,004,551 |
| Insurance | $408,974 |
| All other expenses | $3,581,825 |
| Total functional expenses | $43,371,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $2,766,708 |
| Pledges and grants receivable | $63,254 |
| Accounts receivable, net | $4,841,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $259,853 |
| Prepaid expenses and deferred charges | $358,977 |
| Net Land, buildings, and equipment | $73,551,257 |
| Investments—publicly traded securities | $23,708,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,551,209 |
| Accounts payable and accrued expenses | $1,579,581 |
| Grants payable | $0 |
| Deferred revenue | $33,143 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $49,727,880 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $580,669 |
| Total liabilities | $51,921,273 |
| Net assets without donor restrictions | $28,233,502 |
| Net assets with donor restrictions | $25,396,434 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $105,551,209 |