2022-09-14T12:46:46-05:00 2021-06-30 580692043 MAULDIN & JENKINS LLC 200 W MLK BLVD STE 1100 CHATTANOOGA TN 374021239 990 2020-07-01 620511454 HIWASSEE COLLEGE HIWA 4234422001 PO BOX 905 ALCOA TN 37701 MR JASON GATTIS BOARD CHAIR 4234422001 2022-09-08 1 MR JASON GATTIS 999009999 HEATHER BATSON P01911640 4237566133 2022-09-08 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z MR JASON GATTIS PO BOX 905 ALCOA TN 37701 7295619 0 X WWW.HIWASSEE.EDU X 1849 TN HIWASSEE COLLEGE, FOUNDED IN 1849 AND ASSOCIATED WITH THE UNITED METHODIST CHURCH, IS A LIBERAL ARTS, RESIDENTIAL INSTITUTION OF HIGHER EDUCATION, PROVIDING QUALITY EDUCATION FOR ALL STUDENTS IN AN ATMOSPHERE THAT PROMOTES INTELLECTUAL PURSUIT, SPIRITUAL GROWTH AND SOCIAL AND PERSONAL RESPONSIBILITY. 16 15 8 8 0 0 378493 50000 300000 0 312613 4334241 4334 0 995440 4384241 0 0 0 0 47894 63513 0 0 0 259645 561196 307539 624709 687901 3759532 7350864 6263904 4846492 0 2504372 6263904 X HIWASSEE COLLEGE, FOUNDED IN 1849 AND ASSOCIATED WITH THE UNITED METHODIST CHURCH, IS A LIBERAL ARTS, RESIDENTIAL INSTITUTION OF HIGHER EDUCATION, PROVIDING QUALITY EDUCATION FOR ALL STUDENTS IN AN ATMOSPHERE THAT PROMOTES INTELLECTUAL PURSUIT, SPIRITUAL GROWTH AND SOCIAL AND PERSONAL RESPONSIBILITY. 0 1 THE COLLEGE ANNOUNCED ON MARCH 28, 2019 THAT THE SPRING 2019 SEMESTER WOULD BE THE FINAL SEMESTER OF THE COLLEGE OPERATING. THE COLLEGE OFFICIALLY CLOSED OPERATIONS IN MAY 2019. THE COLLEGE IS IN THE FINAL STAGES OF SELLING ASSETS AND PAYING LIABILITIES. 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 X BOBBY TALLENT 4234423890 409 COLLEGE STREET NORTH 2 MADISONVILLE TN 37354 PATSY Q CARSON TRUSTEE 1.00 X 0 0 0 DR JACK RHOTON TRUSTEE 1.00 X 0 0 0 DR WILLIAM EDDIE HARMON SECRETARY OF BOARD 1.00 X X 0 0 0 SARAH MOZLEY TRUSTEE 1.00 X 0 0 0 REVEREND CHARLES MAYNARD TRUSTEE 1.00 X 0 0 0 RICHARDIA PIERCE TRUSTEE 1.00 X 0 0 0 DR ROBIN J TRICOLI PRESIDENT 40.00 X 4230 0 0 BISHOP MARY VIRGINIA TAYLOR TRUSTEE 1.00 X 0 0 0 JOHN D WOOD VICE CHAIRPERSON 1.00 X X 0 0 0 DOUGLAS W HULME TRUSTEE 1.00 X 0 0 0 BRENDA MALONE TRUSTEE 1.00 X 0 0 0 J CAREY MCHUGH TREASURER 1.00 X X 0 0 0 DR DAVID E HOUSEMAN CHAIRPERSON 1.00 X X 0 0 0 REVEREND JASON N GATTIS SR TRUSTEE 1.00 X 0 0 0 DR JOHN FORGETY TRUSTEE 1.00 X 0 0 0 DR REUBEN N PELOT III TRUSTEE 1.00 X 0 0 0 4230 0 0 0 0 0 0 MILLER & MARTIN PLLC 832 GEORGIA AVENUE CHATTANOOGA TN 37402 LEGAL FEES 320385 0 50000 50000 7245619 2911378 4334241 4334241 4334241 4384241 4334241 0 0 4230 4230 54716 54716 4567 4567 326563 326563 21074 21074 3408 3408 32300 32300 7096 7096 UNEMPLOYMENT TAXES PAYO 63657 63657 WRITE OFF GOVERNMENT RE 52575 52575 RETURN DONATION FROM PR 25000 25000 UMC WORLD MISSIONS PAYO 20100 20100 9423 9423 624709 0 624709 0 424137 1530503 330112 0 0 0 2581500 0 4004282 4733401 10833 0 7350864 6263904 68327 0 4778165 0 4846492 0 X -5683712 -3434430 8188084 9698334 2504372 6263904 7350864 6263904 3759532 0 X X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6314467 0 6314467 6314467 6314467 5674649 275779 364039 6314467 5927121 186344 250166 688982 5674649 5105571 920082 247715 346247 5927121 1 0 0 ANNUITIES 376782 F FIRST BANK 3417128 F HOLSTON CONFERENCE OF UMC FOUNDATION, INC. - ENDOWMENT 939491 F 4733401 PART V, LINE 4: ENDOWMENT FUNDS ARE INVESTED TO PRODUCE INCOME WHICH IS USED TO FUND SCHOLARSHIPS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 THIS POLICY IS PUBLISHED IN LOCAL NEWSPAPERS AND IN THE OTHER PRINTED PUBLICATIONS USED BY THE COLLEGE TO RECRUIT SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES ASSISTANCE FROM THE FOLLOWING FEDERAL PROGRAMS: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK-STUDY PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL DIRECT STUDENT LOAN PROGRAM AND FEDERAL TRIO CLUSTER. FOR A PERIOD FROM MAY 2008 UNTIL AUGUST 2010, FINANCIAL AID WAS REVOKED DUE TO THE LOSS OF SACS ACCREDITATION. FINANCIAL AID WAS RESTORED WHEN MEMBERSHIP WITH THE TRANSNATIONAL ASSOCIATION OF CHRISTIAN COLLEGES & SCHOOLS WAS OBTAINED AND AFTER THE REQUIRED TWO YEAR WAITING PERIOD. ON NOVEMBER 3, 2009, THE COLLEGE OBTAINED FULL ACCREDITATION STATUS WITH THE TRANSNATIONAL ASSOCIATION OF CHRISTIAN COLLEGES & SCHOOLS (TRACS). THEY REMAINED UNDER A TWO YEAR WAITING PERIOD TO BE AWARDED FEDERAL FINANCIAL AID. THE WAITING PERIOD ENDED ON APRIL 14, 2010. THE COLLEGE REAPPLIED TO RECEIVE FINANCIAL AID AND WAS APPROVED AND AWARDED AID ON AUGUST 10, 2010 TO USED FOR THE FALL SEMESTER 2010. FORM 990, PART III, LINE 3 THE COLLEGE ANNOUNCED ON MARCH 28, 2019 THAT THE SPRING 2019 SEMESTER WOULD BE THE FINAL SEMESTER OF THE COLLEGE OPERATING. THE COLLEGE OFFICIALLY CLOSED OPERATIONS IN MAY 2019. THE COLLEGE IS IN THE FINAL STAGES OF SELLING ASSETS AND PAYING LIABILITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT PRIOR TO FILING. IT IS AVAILABLE UPON REQUEST FOR MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES SIGN A CONFLICT OF INTEREST ACKNOWLEDGEMENT AND DISCLOSURE FORM, WHICH IS KEPT IN THE PRESIDENT'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DECIDES ON THE AMOUNT OF COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES. THE AMOUNT OF COMPENSATION IS DECIDED BY A COMPENSATION COMMITTEE OF THE BOARD, AND IS ESTABLISHED THROUGH A WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST BY INQUIRY TO THE PRESIDENTS OFFICE. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC PATSY Q. CARSON - 8437 CORTELAND DRIVE, KNOXVILLE, TN 37909. DR. JACK RHOTON - 601 WEST VALLEY VIEW CIRCLE, KINGSPORT, TN 37664. DR. WILLIAM EDDIE HARMON - 1013 PARK LANE COURT, MARYVILLE, TN 37803. SARAH MOZLEY - 3412 COURTYARD WAY, SAINT AUGUSTINE, FL 32086. REVEREND CHARLES MAYNARD - P.O. BOX 905, ALCOA, TN 37701. RICHARDIA PIERCE - 1843 CRESTWOOD, CHATTANOOGA, TN 37415. DR. ROBIN J. TRICOLI - 225 HIWASSEE COLLEGE DRIVE, MADISONVILLE, TN 37354. BISHOP MARY VIRGINIA TAYLOR - 271 SOUTH RANKIN ROAD, ALCOA, TN 37701. JOHN D. WOOD - 323 GOLDCREST DRIVE, VONORE, TN 37885. DOUGLAS W. HULME - 1173 TREYMOUR WAY, KNOXVILLE, TN 37922. BRENDA MALONE - 121 BAILEY ROAD, KINGSTON, TN 37763. J. CAREY MCHUGH - 165 PINEBERRY DR, VONORE, TN 37885. DR. DAVID E. HOUSEMAN - 2903 BRALY PLACE, CHATTANOOGA, TN 37415. REVEREND JASON N. GATTIS, SR. - 217 S. RANKIN ROAD, ALCOA, TN 37701. DR. JOHN FORGETY - 120 COUNTY ROAD 447, ATHENS, TN 37303. DR. REUBEN N. PELOT, III - 11541 KINGSTON PIKE, SUITE B, KNOXVILLE, TN 37934. FORM 990, PART XII, LINE 3B: THE COLLEGE ANNOUNCED ON MARCH 28, 2019 THAT IT WOULD BE CLOSING IN MAY OF 2019 AT THE COMPLETION OF THE SCHOOL SEMESTER. THE COLLEGE IS CURRENTLY WINDING DONE FINANCIAL AFFAIRS AND LIQUIDATING ASSETS. AT THIS TIME, AN AUDIT OF THE COLLEGE'S ACCOUNTING HAS NOT BEEN COMPLETED. IT IS NOT KNOWN AT THIS TIME IF OR WHEN AN AUDIT OPINION WILL BE ISSUED. IF AN AUDIT REPORT IS ISSUED, AN AMENDED 2020 FORM 990 WILL BE FILED.