2024-05-13T11:11:48-07:00 2023-06-30 990 2022-07-01 611129707 BINGHAM FUND FOR EXCELLENCE IN TEACHING AT TRANSYLVANIA UNIV BING 8592338100 300 North Broadway Lexington KY 40508 Jordan Hillard Assistant Controller 8592338100 2024-05-15 Jordan Hillard 999009999 1 1 11 1 AAL2 2022 2023-04-26 12:10:37Z Lisa Custardo 300 North Broadway Lexington KY 40508 2911539 0 X X 1987 KY Promotes teaching quality and development of the faculty of Transylvania University 10 10 0 10 0 0 0 0 0 0 2048906 2911539 0 0 2048906 2911539 0 0 0 0 1883142 1956879 0 0 0 344063 350926 2227205 2307805 -178299 603734 103294349 115652243 0 0 103294349 115652243 The Trust was established in 1987 in celebration of the continual quest of the human race for knowledge and the service of teachers as the guides along the complex paths of education. The Settlors who established the Trust did so with the fervent hope and desire that it will serve as a source of innovation and motivation in the furtherance of educational excellence through teaching at Transylvania University. The fund was designed to promote teaching excellence and dedication among the faculty of Transylvania through the granting of Bingham Awards to individual teachers of exceptional ability who demonstrate excellent teaching qualities. 0 0 1723507 0 0 Faculty salary supplements and related fringe benefits 420564 134640 0 Faculty development grants, technology initiative expenditures and various selection committee expenses 0 0 0 2144071 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Lisa Custardo 8592338100 300 North Broadway Lexington KY 40508 Mr Brien Lewis Trustee 1 40 X 0 417361 41682 Dr Sarah Stanbury Trustee 1 0 X 0 20000 0 Dr Jonathan Berkey Trustee 1 0 X 0 10000 0 Mr George Branch Trustee 1 1.00 X 0 0 0 Mr Norwood Cowgill Trustee 1 1.00 X 0 0 0 Ms Carol L Jones Trustee 1 0 X 0 0 0 Dr Dan Jones Trustee 1 0 X 0 0 0 Dr John K Roth Trustee 1 0 X 0 0 0 Mr William T Young Jr Trustee 1 1 X 0 0 0 Mr Christopher H Young Chair 1 1 X 0 0 0 0 447361 41682 0 0 1 0 0 0 0 2060376 0 0 2060376 0 0 0 0 0 0 0 0 0 0 851163 0 0 0 851163 0 851163 0 0 851163 0 2911539 0 0 2911539 30000 30000 1619705 1538027 81678 141522 136037 5485 49371 42232 7139 116281 111123 5158 51774 51774 113500 113500 36731 24231 12500 56752 56752 84248 84248 7921 7921 2307805 2144071 163734 0 -114589 -805708 3843 8270 103302731 116364068 102364 85613 103294349 115652243 0 0 0 0 X 0 0 103294349 115652243 103294349 115652243 103294349 115652243 603734 11702386 0 51774 0 0 X 0 1 X 1 0 X X X 1 Transylvania University 610444825 2 1 2256031 0 1 2256031 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 103405095 0 14622053 0 1577467 0 116449681 110581038 0 -5612094 0 1563849 0 103405095 87955737 0 24596030 0 1970729 0 110581038 86122035 0 4392293 0 2558591 0 87955737 74126379 0 11995656 0 0 0 86122035 0 0.06 0.94 0 1 1 0 0 X 86831574 11710515 0 0 72261294 83971809 2859765 51774 0 51774 2911539 70880150 0 0 0 68624119 68624119 2256031 51774 0 51774 2307805 Schedule D, Part V, Line 4 The Fund's endowment assets support its mission of promoting teaching quality and development for selected faculty of Transylvania University by providing salary supplements and development grants for continuing education and special projects to keep faculty abreast of their discipline. Schedule D, Part X, Line 1 Accounting principles generally accepted in the United States of America require management to evaluate tax positions take by the University and recognize a tax liability if the University has taken an uncertain position that more than likely would not be sustained upon examination by various Federal and State taxing authorities. Management has analyzed the tax positions taken by the University, and has concluded that as of June 30, 2023 and 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. Schedule D, Part X, Line 2 Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the University and recognize a tax liability if the University has taken an uncertain position that more likely than not would not be sustained upon examination by various Federal and State taxing authorities. Management has analyzed the tax positions taken by the University, and has concluded that as of June 30, 2023 and 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. Schedule D, Part XI, Line 2d Bingham Fund for Excellence in Teaching at Transylvania University revenues and expenses are included in the audited financial statements of Transylvania University EIN 61-0444825. Transylvania University's revenues and expenses are not included in this Form 990 because a separate Form 990 is filed for this entity. Schedule D, Part XII, Line 2d Bingham Fund for Excellence in Teaching at Transylvania University revenues and expenses are included in the audited financial statement of Transylvania University EIN 61-0444825. Transylvania University's revenues and expenses are not included in this Form 990 because a separate Form 990 is filed for this entity. X 0 0 0 0 0 0 0 0 0 Mr Brien Lewis Trustee 0 388048 0 34995 0 0 0 36000 0 0 0 459043 0 Form 990, Part VI, Section A, Line 2 Mr. Christopher H. Young and Mr. William T. Young, Jr - family relationship. Dr. Dan Jones and Mrs. Carol Jones - family relationship. Form 990, Part VI, Section B, Line 11b A draft of Form 990 is reviewed and approved by the Bingham Board of Trust prior to filing. Form 990, Part VI, Section B, Line 12c The Annual Disclosure form is completed by each Board Member and is forwarded to the Vice President of Finance and Business for review. Compliance with the Organizations' Conflict of Interest Policy is monitored annually. All interested persons are required to disclose to the Board any possible conflicts of interest. In the event of a conflict, the interested person is required to recuse themselves from the discussion and abstain from voting on such matters under consideration by the Board. Form 990, Part VI, Section B, Line 15 The organization does not compensate its top management officials or officers and does not have any key employees. Form 990, Part VI, Section C, Line 19 The organization's governing documents, conflict of interest policy, and financial statements are not required to be disclosed per IRC Section 6014. As such, the documents are not available to the public at this time. Transylvania University 300 North Broadway Lexington KY 40508 610444825 4 year college KY 501(c)(3) 509(a)(2) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Transylvania University p 2256031 Actual Expenses Extension was filed and approved prior to the original due date. The organization needed time for the audit to be completed in order to file a correct tax return.