2024-12-18T15:22:06-06:00 2024-06-30 621199757 LBMC PC PO BOX 1869 BRENTWOOD TN 370241869 990 2023-07-01 620550981 NASHVILLE SCHOOL OF LAW NASH 6152563684 4013 ARMORY OAKS DR NASHVILLE TN 37204 ELIZABETH A MCDONALD SEC/TREASURER 6152563684 2024-12-12 1 0 ABIGAIL CAMPBELL P01296738 6153774600 2024-12-12 2023 2024-10-15 13:58:12Z ELIZABETH A MCDONALD 1013 ARMORY OAKS DR NASHVILLE TN 37204 7757855 0 X WWW.NSL.LAW X 1911 TN THE MISSION IS TO PROVIDE A QUALITY LEGAL EDUCATION AT AN AFFORDABLE TUITION. SCHOLARSHIPS WERE AWARDED BASED ON AN INCOME GROUP ON THE POVERTY LINE. 6 6 71 0 0 0 189296 383016 3296309 3610320 288363 356949 19895 -21815 3793863 4328470 63911 79580 0 0 1611035 1711716 0 0 0 1826830 1952686 3501776 3743982 292087 584488 8075853 10205831 1667900 3353424 6407953 6852407 THE MISSION IS TO PROVIDE A QUALITY LEGAL EDUCATION AT AN AFFORDABLE TUITION. SCHOLARSHIPS WERE AWARDED BASED ON AN INCOME GROUP ON THE POVERTY LINE. 0 0 2399090 79580 3627512 THE SCHOOL EDUCATED 356 STUDENTS IN THE AREA OF LAW. 69 STUDENTS GRADUATED DURING THE YEAR. IN ADDITION, CLE COURSES AND BAR PREP COURSES WERE OFFERED DURING THE YEAR, AND CLASSROOMS WERE RENTED FOR CLASSES RELATED TO LEGAL SERVICES. 2399090 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 71 1 0 0 0 0 0 1 1 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X ELIZABETH A MCDONALD 6152563684 4013 ARMORY OAKS DR NASHVILLE TN 37204 AUBREY B HARWELL JR ESQUIRE CHAIRMAN 1.00 X X 0 0 0 GARY GARFIELD BOARD MEMBER 1.00 X 0 0 0 HON FRANK CLEMENT BOARD MEMBER 1.00 X 0 0 0 HON WAVERLY D CRENSHAW JR BOARD MEMBER 1.00 X 0 0 0 JOHN T ROCHFORD III BOARD MEMBER 1.00 X 0 0 0 TOM CONE SR BOARD MEMBER 1.00 X 0 0 0 ELIZABETH A MCDONALD SECRETARY/TREASURER 40.00 X 100362 0 35275 WILLIAM C KOCH DEAN 40.00 X 260400 0 16891 360762 0 52166 2 0 1 0 0 35100 347916 383016 PROGRAM REVENUE 611600 3401080 3401080 CLASSROOM RENTALS 611600 209240 209240 3610320 170520 170520 3411670 3225241 186429 186429 186429 70700 35100 109707 -39007 -39007 111629 94437 17192 17192 4328470 3627512 0 317942 79580 79580 412928 324472 88456 990377 778221 212156 86565 86565 119576 119576 102270 102270 35410 35410 31868 31868 31308 708 30600 44992 44992 145067 114663 30404 84434 19783 64651 956437 557678 398759 195705 156605 39100 40879 40879 STUDENT ACTIVITIES 329008 58969 270039 EMPLOYEE TRAINING EXPEN 30315 30315 BAD DEBT EXPENSE 20438 20438 MISCELLANEOUS 6825 6825 3743982 2399090 1344892 0 876047 877212 862568 5250 48195 28896 46154 44863 34761 33326 6339377 5276620 1087450 1062757 4353572 5922453 767106 2231074 8075853 10205831 209987 25927 534576 590884 923337 2736613 1667900 3353424 X 5561862 5764158 846091 1088249 6407953 6852407 8075853 10205831 584488 170176 -310210 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1935216 1026054 909162 1721054 1646598 74456 2683107 2603968 79139 1062757 RIGHT OF USE ASSET 2231074 2231074 DEFERRED COMPENSATION 494805 RIGHT OF USE LIABILITY- LONG TERM 1907460 RIGHT OF USE LIABILITY- SHORT TERM 334348 2736613 X 4481635 170176 94437 264613 4217022 31868 79580 111448 4328470 3726971 94437 94437 3632534 31868 79580 111448 3743982 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3), AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. AN UNCERTAIN TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE SCHOOL DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY ASSET OR LIABILITY FOR UNRECOGNIZED TAX BENEFITS. AS OF JUNE 30, 2024 AND 2023, THE SCHOOL HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE SCHOOL FILES U.S. FEDERAL INFORMATION AND UNRELATED BUSINESS INCOME TAX RETURNS. THE SCHOOL IS GENERALLY SUBJECT TO U.S. FEDERAL AND TENNESSEE TAX EXAMINATION FOR THREE YEARS FROM THE DATE THE RETURN WAS FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD BOOKSTORE 94,437. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS NETTED WITH INCOME 79,580. PART XII, LINE 2D - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD BOOKSTORE 94,437. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION SCHOLARSHIPS NETTED WITH INCOME 79,580. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WE THINK THE COMMUNITY WE SERVE IS FULLY AWARE OF OUR OPEN ADMISSION POLICY. THE EXISTING STUDENT BODY IS WELL BALANCED RACIALLY. RECOGNITION DINNER 105800 35100 70700 92415 17292 105800 35100 70700 92415 17292 109707 -39007 1 SCHOLARSHIPS 89 79580 FMV REDUCTION IN TUITION DUE FROM STUDENTS SCH I , PART IV ALL SCHOLARSHIP REQUESTS ARE SUBMITTED TO THE NSL SCHOLARSHIP COMMITTEE. STAFF MEMBERS EVALUATE THEM, AND THEY AWARDED BY NEED AND MERIT. X 0 0 0 0 0 0 0 0 0 WILLIAM C KOCH DEAN 260400 0 0 0 0 0 0 0 16891 0 277291 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED WITH PREPARER PRIOR TO SIGNING. IN ADDITION, FINANCIAL REPORTS ARE REVIEWED AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE DISCUSSED AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 BOARD MEMBERS APPROVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 ELIZABETH A MCDONALD (615) 256-3684, 4013 ARMORY OAKS DR, NASHVILLE, TN 37204-4577 FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.