Civic Intelligence

Thomas University

EIN 58-0644897 • 501(c)3 • Thomasville, GA

Profile

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.

1501 Millpond RdThomasville, GA 31792

www.thomasu.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.37x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.44x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

23rd percentile

-4.9%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

73rd percentile

$385,457

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

9th percentile

-9.5%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

23rd percentile

-4.9%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$27,856,340

Up $3,116,938 (+13%) from 2023

Liabilities

Up

$8,675,707

Up $2,706,404 (+45%) from 2023

Net Assets

Up

$19,180,633

Up $410,534 (+2.2%) from 2023

Revenue

Up

$22,418,752

Up $2,640,147 (+13%) from 2023

Expenses

Up

$22,948,905

Up $2,806,458 (+14%) from 2023

Net Income

Down

-$530,153

Down $166,311 (-46%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $14,143,994Liabilities 2010: $2,373,460Net Assets 2010: $11,770,5342010Assets 2011: $15,387,793Liabilities 2011: $2,931,733Net Assets 2011: $12,456,0602011Assets 2012: $17,453,927Liabilities 2012: $4,342,864Net Assets 2012: $13,111,0632012Assets 2013: $18,275,286Liabilities 2013: $5,183,660Net Assets 2013: $13,091,6262013Assets 2014: $17,764,766Liabilities 2014: $4,731,021Net Assets 2014: $13,033,7452014Assets 2015: $19,495,666Liabilities 2015: $4,447,634Net Assets 2015: $15,048,0322015Assets 2016: $22,265,386Liabilities 2016: $6,247,206Net Assets 2016: $16,018,1802016Assets 2017: $22,865,834Liabilities 2017: $7,188,249Net Assets 2017: $15,677,5852017Assets 2018: $22,672,109Liabilities 2018: $7,547,247Net Assets 2018: $15,124,8622018Assets 2019: $21,866,381Liabilities 2019: $6,903,536Net Assets 2019: $14,962,8452019Assets 2020: $22,184,125Liabilities 2020: $7,121,054Net Assets 2020: $15,063,0712020Assets 2021: $24,698,960Liabilities 2021: $5,689,294Net Assets 2021: $19,009,6662021Assets 2022: $24,383,052Liabilities 2022: $5,339,106Net Assets 2022: $19,043,9462022Assets 2023: $24,739,402Liabilities 2023: $5,969,303Net Assets 2023: $18,770,0992023Assets 2024: $27,856,340Liabilities 2024: $8,675,707Net Assets 2024: $19,180,6332024

Highlighted filing

2024

Assets$27,856,340
Liabilities$8,675,707
Net Assets$19,180,633

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $10,738,3052010Expenses 2011: $11,985,0192011Expenses 2012: $12,056,9862012Revenue 2013: $12,260,582Expenses 2013: $12,280,019Net Income 2013: -$19,4372013Revenue 2014: $15,515,838Expenses 2014: $15,936,405Net Income 2014: -$420,5672014Revenue 2015: $17,797,652Expenses 2015: $15,947,616Net Income 2015: $1,850,0362015Revenue 2016: $18,538,998Expenses 2016: $17,226,943Net Income 2016: $1,312,0552016Revenue 2017: $17,513,504Expenses 2017: $18,334,543Net Income 2017: -$821,0392017Revenue 2018: $17,777,311Expenses 2018: $18,594,015Net Income 2018: -$816,7042018Revenue 2019: $17,849,692Expenses 2019: $17,913,015Net Income 2019: -$63,3232019Revenue 2020: $17,997,836Expenses 2020: $17,663,102Net Income 2020: $334,7342020Revenue 2021: $19,833,673Expenses 2021: $17,369,014Net Income 2021: $2,464,6592021Revenue 2022: $20,548,175Expenses 2022: $20,011,874Net Income 2022: $536,3012022Revenue 2023: $19,778,605Expenses 2023: $20,142,447Net Income 2023: -$363,8422023Revenue 2024: $22,418,752Expenses 2024: $22,948,905Net Income 2024: -$530,1532024

Highlighted filing

2024

Revenue$22,418,752
Expenses$22,948,905
Net Income-$530,153

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.9$8.68$19.2$22.4$22.9$0.53
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$5.97$18.8$19.8$20.1$0.36
2022Detailed filing. Detailed filing data is available for this year.$24.4$5.34$19.0$20.5$20.0$0.54
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$5.69$19.0$19.8$17.4$2.46
2020Detailed filing. Detailed filing data is available for this year.$22.2$7.12$15.1$18.0$17.7$0.33
2019Detailed filing. Detailed filing data is available for this year.$21.9$6.90$15.0$17.8$17.9$0.06
2018Detailed filing. Detailed filing data is available for this year.$22.7$7.55$15.1$17.8$18.6$0.82
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.9$7.19$15.7$17.5$18.3$0.82
2016Detailed filing. Detailed filing data is available for this year.$22.3$6.25$16.0$18.5$17.2$1.31
2015Detailed filing. Detailed filing data is available for this year.$19.5$4.45$15.0$17.8$15.9$1.85
2014Detailed filing. Detailed filing data is available for this year.$17.8$4.73$13.0$15.5$15.9$0.42
2013Summary only. Only limited summary data is available for this year.$18.3$5.18$13.1$12.3$12.3$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$4.34$13.1$12.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$2.93$12.5$12.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$2.37$11.8$10.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
May 1, 2025
Return Version
2023v6.0
Gross Receipts
$23,854,639
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,242,386$16,126,313▲ $883,927
Investments Other Securities$6,310,196$7,281,237▲ $971,041
Accounts Receivable$844,020$2,241,824▲ $1,397,804
Pledges and Grants Receivable$159,636$1,388,251▲ $1,228,615
Cash and Non-Interest-Bearing Accounts$1,918,316$501,731▼ $1,416,585
Savings and Temporary Cash Investments$42,558$121,568▲ $79,010
Inventories for Sale or Use$58,763$60,077▲ $1,314
Prepaid Expenses and Deferred Charges$11,093$4,258▼ $6,835
Total Assets$24,739,402$27,856,340▲ $3,116,938
Other Assets Total$152,434$131,081▼ $21,353
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,550,937$7,706,104▲ $3,155,167
Accounts Payable and Accrued Expenses$987,234$759,204▼ $228,030
Other Liabilities$187,459$211,044▲ $23,585
Deferred Revenue$243,673$-645▼ $244,318
Total Liabilities$5,969,303$8,675,707▲ $2,706,404
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,242,942$12,832,587▼ $1,410,355
Net Assets With Donor Restrictions$4,527,157$6,348,046▲ $1,820,889
Total Net Assets Fund Balance$18,770,099$19,180,633▲ $410,534
Total Liabilities and Net Assets / Fund Balance$24,739,402$27,856,340▲ $3,116,938

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,356,073$6,131,827$12,487,900
Buildings$8,174,902$3,982,142$12,157,044
Land$899,176-$899,176
Other Land Buildings$696,162-$696,162
Other Securities$1,950,890--
Financial Derivatives$178,613--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,350,574$20,909▲ $1,086,708-$7,221,425
2022$6,596,534$20,760▼ $35,887-$6,350,574
2021$6,967,261$131,528▼ $230,084-$6,596,534
2020$5,450,677$34,810▲ $1,693,079-$6,967,261
2019$5,661,576$23,840▲ $406,181-$5,450,677
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Andy SheppardPresidentFT$271,133$21,428$292,561
Mr Randy LivingstonFormer Senior VP of Finance & AdministrationFT$132,676$15,774$148,450
Mr Randy LivingstonFormer Senior VP of Finance & Admini-$132,676$15,774$148,450
Mrs Susan BackofenVice President of EnrollmeFT$114,205$15,514$129,719
Mr Kurt StringfellowVice President of InstitutFT$124,876$869$125,745
Dr John K MeisProvostFT$101,003$7,593$108,596

Highest Paid Contractors

ContractorServicesLocationCompensation
Barber Contracting Company-110 1ST ST SE, Moultrie, GA 31768$552,604
Raymond C Finger Architects-1203 E CLAY ST, Thomasville, GA 31792$391,075
Southeastern Field Construction-59551 ROSEMARY CHURCH RD, Metter, GA 30439$285,674
Scoggins Dozer INC-305 BAYBROOK ST, Thomasville, GA 31792$170,530
Revenue and Support

Revenue Composition

Contributions and Grants
$3,993,063
Program Service Revenue
$18,107,932
Investment Income
$267,650
Other Revenue
$50,107
All Other Contributions
$2,205,070
Change in Net Assets
$-530,153

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table75$145,580Appraisal
Total Noncash Contributions75$145,580-

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,771,116
Revenue Not Reported on Financial Statements
$2,647,636
Revenue Not Reported on Form 990
$1,160,445
Other Revenue Adjustments
$2,647,636
Total Revenue per Audited Statements
$20,931,561
Total Revenue per Form 990
$22,418,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,967,757
Other Expenses$8,386,611
Grants and Similar Amounts Paid$2,594,537
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,546,750$1,396,742-$8,943,492
Grants to Domestic Individuals$2,594,537--$2,594,537
All Other Expenses$1,427,972$727,250-$2,155,222
Other Employee Benefits$265,770$962,966-$1,228,736
Depreciation Depletion$599,321$221,512-$820,833
Payroll Taxes$604,062$133,952-$738,014
Current Officers, Directors, Trustees, and Key Employees$114,205$596,844-$711,049
Other Expenses$631,259$582-$631,841
Occupancy$570,713$56,349-$627,062
Office Expenses$334,850$126,800-$461,650
Pension Plan Contributions$22,574$323,892-$346,466
Interest$247,475$91,468-$338,943
Advertising$284,507$4,777-$289,284
Fees for Service Investment Mgmnt Fees$53,099--$53,099
Insurance-$28,829-$28,829
Total Functional Expenses$17,411,071$5,537,834$0$22,948,905

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$22,948,905
Total Expenses per Audited Statements$20,521,027
Expenses per Audited Statements$20,301,269
Expenses Not Reported on Financial Statements$2,647,636
Other Expense Adjustments$2,647,636
Expenses Not Reported on Form 990$219,758
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$154,610
Operating Lease Liability$56,434
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Thomas University
EIN
58-0644897
Phone
2292261621
Address
1501 MILLPOND RD, THOMASVILLE, GA 31792

Signing Officer

Name
Angela Uyeno
Title
Interim CFO
Phone
2292261621
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Uyeno
Formed
1950
Legal Domicile
Ga
Voting Board Members
21
Independent Board Members
20
Employees
423
Volunteers
0

Preparer

Firm
Lanigan & Associates P C
Address
314 GORDON AVENUE, THOMASVILLE, GA 31792
Preparer
John Keillor
Phone
2292268320
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Unrealized gain on interest rate swap 178,613.

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.

Financial Statement Notes

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, 2024 and may 31, 2023.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold from auxiliary services 219,758.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Grants to individuals 2,594,537. Investment fees 53,099.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold from auxiliary services 219,758.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Grants to individuals 2,594,537. Investment fees 53,099.

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.

Raw XML AppendixShowing 400 of 743 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THOMAS 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.
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IRS990/Desc0THE 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: 449
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IRS990/Form990PartVIISectionAGrp/TitleTxt23VICE PRESIDENT OF INSTITUT
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