2024-03-28T15:34:59-05:00 2023-05-31 581304721 LANIGAN & ASSOCIATES P C 314 GORDON AVENUE THOMASVILLE GA 31792 990 2022-06-01 580644897 THOMAS UNIVERSITY THOM 2292261621 1501 MILLPOND RD THOMASVILLE GA 31792 DOUGLAS FROOD VP FOR FINANCE AND ADMINISTRATION 2292261621 2024-03-27 1 DOUGLAS FROOD 999009999 0 JOHN KEILLOR P01315239 2292268320 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOUGLAS FROOD 1501 MILLPOND RD THOMASVILLE GA 31792 19927826 0 X WWW.THOMASU.EDU X INSTITUTION OF HIGHER EDUCATION 1950 GA THOMAS UNIVERSITY IS AN INDEPENDENT, NOT FOR PROFIT, INSTITUTION OF HIGHER EDUCATION WITH UNDERGRADUATE AND GRADUATE PROGRAMS THAT PREPARE STUDENTS FOR SUCCESSFUL CAREERS AND RESPONSIBLE CITIZENSHIP IN A RAPIDLY CHANGING AND COMPLEX WORLD. 22 21 403 0 0 0 4801361 2763003 15524826 16828719 215692 181289 6296 5594 20548175 19778605 2228705 2589249 0 0 9837403 10587063 0 0 0 7945766 6966135 20011874 20142447 536301 -363842 24383052 24739402 5339106 5969303 19043946 18770099 THOMAS UNIVERSITY IS AN INDEPENDENT, NOT FOR PROFIT, INSTITUTION OF HIGHER EDUCATION WITH UNDERGRADUATE AND GRADUATE PROGRAMS THAT PREPARE STUDENTS FOR SUCCESSFUL CAREERS AND RESPONSIBLE CITIZENSHIP IN A RAPIDLY CHANGING AND COMPLEX WORLD. 0 0 6580661 2589249 15719556 THE PRIMARY EXEMPT PURPOSE OF THOMAS UNIVERSITY IS TO PROVIDE EDUCATIONAL AND GENERAL INSTRUCTION SERVICES THROUGH A DYNAMIC LEARNING ENVIRONMENT. INNOVATIVE MODELS FOR REACHING LEARNERS BY FACULTY AND STAFF. OFFERING ASSOCIATE'S, BACHELOR'S, AND MASTER'S DEGREES, OUR HIGHEST GOAL IS TO PROVIDE AN EDUCATIONAL EXPERIENCE THAT EXPLORES AND DEVELOPS EACH STUDENT'S FULL POTENTIAL. NUMBER OF GRADUATES FOR THE FISCAL YEAR: 563 5470276 STUDENT SERVICES - A THOMAS UNIVERSITY EDUCATION INCLUDES CURRICULAR AND CO-CURRICULAR EXPERIENCES WHICH INCREASE THE TRAJECTORY OF A STUDENT'S DEVELOPMENT SOCIALLY, PHYSICALLY, CULTURALLY, AND INTELLECTUALLY. AS A RESULT, THE OVERALL STUDENT EXPERIENCE IS ONE WHICH GIVES STUDENTS THE OPPORTUNITY TO TEST THE THEORETICAL IN REAL WORLD APPLICATIONS, THUS PREPARING THEM FOR LIFE BEYOND HIGHER EDUCATION. THESE SERVICES INCLUDE ATHLETICS, PLACEMENT REGISTRAR, FINANCIAL AID, SECURITY, BUSINESS OFFICE AND OTHER SUPPORT TO CURRENT AND FORMER STUDENTS. ENROLLED STUDENTS MAY BECOME INVOLVED IN ONE OF THE MANY DIFFERENT STUDENT ORGANIZATIONS. 1030138 1109163 THE UNIVERSITY CONDUCTED AUXILIARY PROGRAMS FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF, AND THE AT-LARGE COMMUNITY. THESE PROGRAMS CONSIST OF STUDENT HOUSING, FOOD SALES, AND ATHLETIC CAMPS. 2440028 186883 2440028 186883 15521103 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 403 1 0 0 0 0 0 1 1 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X DOUGLAS FROOD 2292261621 1501 MILLPOND RD THOMASVILLE GA 31792 MR RICHARD COMSTOCK TRUSTEE 1.00 X 0 0 0 MR RANKIN SMITH TRUSTEE 1.00 X 0 0 0 MR BRYANT BEADLES TRUSTEE 1.00 X 0 0 0 MR PHILLIP DAVIS TRUSTEE 1.00 X 0 0 0 MR GENE LORD TRUSTEE 1.00 X 0 0 0 MR VINCENT HILL TRUSTEE 1.00 X 0 0 0 MR GEORGE LILLY II CHAIR 1.00 X 0 0 0 MR CLINT KADEL VICE CHAIR 1.00 X 0 0 0 MRS CHELSIE COSBY TRUSTEE 1.00 X 0 0 0 MRS EVE RUMBLE TRUSTEE 1.00 X 0 0 0 MR WILSON CARRAWAY TRUSTEE 1.00 X 0 0 0 MR VANN MIDDLETON TRUSTEE 1.00 X 0 0 0 MR RANDY RHEA TRUSTEE 1.00 X 0 0 0 MS KATHY VIGNOS TRUSTEE 1.00 X 0 0 0 MR SCOTT RICH TRUSTEE 1.00 X 0 0 0 MR TERRY ROUSE TRUSTEE 1.00 X 0 0 0 MR GARY TUCKER TRUSTEE 1.00 X 0 0 0 MRS PAT CHOICE TRUSTEE 1.00 X 0 0 0 MR FORTSON RUMBLE TRUSTEE 1.00 X 0 0 0 MR MARVIN DAWSON TRUSTEE 1.00 X 0 0 0 DR ANDY SHEPPARD PRESIDENT 55.00 X X 268464 0 17887 MR KEITH WORTMAN TRUSTEE 1.00 X 0 0 0 DR JOHN K MEIS PROVOST 50.00 X 98650 0 6659 MR RANDY LIVINGSTON SENIOR VICE PRESIDENT OF FINANCE & ADMINISTRATION 50.00 X 140271 0 9156 DR ROBERT BOHMAN VICE PRESIDENT OF STUDENT 50.00 X 97540 0 749 MRS SUSAN BACKOFEN VICE PRESIDENT OF ENROLLMENT MANAGEMENT 50.00 X 134050 0 11782 MRS SUSAN LYNN CHAIR OF EDUCATION 50.00 X 102691 0 6766 MR KURT STRINGFELLOW VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT 50.00 X 113637 0 3748 955303 0 56747 5 0 1 0 BARBER CONTRACTING COMPANY 110 1ST ST SE MOULTRIE GA 31768 744045 PLATINUM ROOFING SOLUTIONS LLC 1515 N ASHLEY ST STE C VALDOSTA GA 31602 144658 2 1798972 964031 2763003 TUITION AND FEES 611710 15719556 15719556 AUXILIARY ENTERPRISES 611710 1109163 1109163 16828719 181289 181289 154815 149221 5594 5594 19778605 17015602 0 0 X 2589249 2589249 955304 334281 621023 7717040 6804893 912147 314409 14269 300140 959929 149165 810764 640381 534671 105710 245579 230760 14819 374069 250608 123461 416461 357143 59318 232874 172080 60794 784905 580000 204905 31522 31522 MAINTENANCE EXPENSE 1045277 793602 251675 DUES AND SUBSCRIPTIONS 668831 288225 380606 MEALS AND ENTERTAINMENT 580848 541292 39556 SCHOLARSHIP 543262 543262 2042507 1337603 704904 20142447 15521103 4621344 0 2769560 1918316 553617 42558 115167 159636 443096 844020 44303 58763 15226 11093 25570213 10327827 14341108 15242386 6045992 6310196 54983 152434 24383052 24739402 117481 987234 323086 243673 4757907 4550937 140632 187459 5339106 5969303 X 14427814 14242942 4616132 4527157 19043946 18770099 24383052 24739402 -363842 -265515 355510 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6596534 20760 -35887 181275 49558 6350574 6967261 131528 -230084 215640 56529 6596534 5450677 34810 1693079 162840 48466 6967261 5661576 23840 406181 593703 47217 5450677 5722228 38333 154560 206000 47545 5661576 0.44414 0.27175 0.28412 0 0 899176 899176 12157044 3668313 8488731 11177466 5673352 5504114 1336527 986162 350365 15242386 EQUITY SECURITIES 4461964 F FIXED INCOME SECURITIES 1848232 F 6310196 FUNDS HELD FOR OTHERS 95913 OPERATING LEASE LIABILITY 91546 187459 X 17073062 -265515 149221 -116294 17189356 2589249 2589249 19778605 17702419 149221 149221 17553198 2589249 2589249 20142447 PART V, LINE 4: THE UNIVERSITY ENDOWMENT FUND IS TO PROVIDE ANNUAL INCOME FOR PROGRAMS, STUDENT SCHOLARSHIPS AND SPECIFIC PURPOSES AS DESIGNATED BY THE DONORS. PART X, LINE 2: THE UNIVERSITY HAS IMPLEMENTED THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD DURING THE YEARS ENDED MAY 31, 2023 AND MAY 31, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM AUXILIARY SERVICES 149,221. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 2,589,249. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM AUXILIARY SERVICES 149,221. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 2,589,249. PART XI AND PART XII, LINES 2D GRANTS TO INDIVIDUALS AND COST OF GOODS SOLD FROM AUXILIARY SERVICES WERE NOT INCLUDED IN THE EXPENSES ON THE STATEMENT OF ACTIVITIES OF THE 990. PART XI AND PART XII, LINES 4B GRANTS TO INDIVIDUALS AND COST OF GOODS SOLD FROM AUXILIARY SERVICES WERE NOT INCLUDED IN THE REVENUES ON THE STATEMENT OF ACTIVITIES OF THE 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLISHES ITS NONDISCRIMINATION POLICY IN THE UNIVERSITY CATALOG, PUBLICATIONS AND ADVERTISING PROGRAMS. SCHEDULE E, PART I, LINE 6 PURSUANT TO ALL ALLICABLE FEDERAL ANTI-DISCRIMINATION LAWS AND REGULATIONS, THOMAS UNIVERSITY DOES NOT DISCRIMINATE AGAINST ANY OF THE PROTECTED CATEGORIES OF INDIVIDUALS IN THE ADMINISTRATION OF ITS POLICIES, PROGRAMS OR ACTIVITIES. THIS NON-DISCRIMITORY POLICY INCLUDES ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, EMPLOYMENT PRACTICES, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. 1 SCHOLARSHIPS AND ASSISTANCE FOR STUDENTS ATTENDING THOMAS UNIVERSITY. 675 380963 2208286 FAIR MARKET VALUE SCHOLARSHIPS AND ASSISTANCE FOR STUDENTS ATTENDING THOMAS UNIVERSITY ARE PROVIDED AT THE ESTIMATED FAIR MARKET OF VALUE OF ATTENDANCE. PART I, LINE 2: THE UNIVERSITY DETERMINES THE ELIGIBILITY FOR EACH STUDENT'S NEEDS AND THE AWARDS ARE CREDITED TO THE STUDENT'S ACCOUNT. THE UNIVERSITY MONITORS THE STUDENT'S CONTINUED ELIGIBILITY TO RECEIVE THE ASSISTANCE. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR ANDY SHEPPARD PRESIDENT 268464 0 0 0 0 0 14139 0 3748 0 286351 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE COMPLETED ANNUALLY AND COPIES WILL BE PROVIDED TO THE ENTIRE GOVERNING BOARD AS WELL AS THE PRESIDENT OF THE UNIVERSITY. AT THAT TIME THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER WILL REVIEW THE FORM 990 WITH THE FINANCE COMMITTEE. ONCE ALL NECESSARY CHANGES ARE MADE AND THE PRESIDENT IS IN AGREEMENT WITH THE FINANCE COMMITTEE AND THE CHIEF FINANCIAL OFFICER ON THE FINISHED FORM 990, IT WILL BE SIGNED BY THE CHIEF FINANCIAL OFFICER, DATED AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WILL BE PROVIDED TO ALL THE OFFICERS AND TRUSTEES BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY SHALL BE DISTRIBUTED ANNUALLY TO THE UNIVERSITY TRUSTEES, ADVISORY COMMITTEES AND KEY EMPLOYEES. ANY CHANGE TO THE DISCLOSURE OF CONFLICT OF INTEREST ARE REQUESTED AT TRUSTEE AND COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES ALL THESE ELEMENTS (1) REVIEW AND APPROVAL OF THE COMPENSATION COMMITTEE OF THE UNIVERSITY: (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E UTILITIES: PROGRAM SERVICE EXPENSES 438,437. MANAGEMENT AND GENERAL EXPENSES 100,885. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 539,322. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 213,249. MANAGEMENT AND GENERAL EXPENSES 310,534. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 523,783. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 323,990. MANAGEMENT AND GENERAL EXPENSES 174,183. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 498,173. ATHLETIC EXPENSES: PROGRAM SERVICE EXPENSES 358,819. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 358,819. PROCESSING CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 136,710. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 136,710. VEHICLE COSTS: PROGRAM SERVICE EXPENSES 3,108. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,108. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES -17,408. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -17,408. FORM 990 PART XII, LINE 2(C) THE UNIVERSITY HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSITE OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR.