Civic Intelligence

Carson-Newman University

EIN 62-0479189 • 501(c)3 • Jefferson City, TN

Profile

Mission of challenge, nurture, community: carson-newman college offers a christian, liberal arts education in an environment that encourages open intellectual inquiry and deeper spiritual maturity. Students receive a personalized education in small classes. Caring faculty and staff mentors get to know and nurture each student. We seek to instill christian values in our students and inspire them to use unique gifts for a lifetime of service. The historic baptist distinctives of religious liberty, personal responsibility, and compassion for others create a welcoming community that fosters a sense of belonging. The cultural heritage and geographic beauty of the appalachian region enriches the carson-newman experience, and the college contributes to the environmental preservation adn economic development of this national treasure. Vision: to become a premier christian liberal arts college with a world-wide impact.

PO Box 557Jefferson City, TN 37760

www.cn.edu

Siviq Scores

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

Liabilities / Assets

55th percentile

0.32x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.97x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

53rd percentile

5.3%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

37th percentile

2.8%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

1.9%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$178,725,404

Up $4,886,786 (+2.8%) from 2023

Liabilities

Up

$56,704,994

Up $1,787,177 (+3.3%) from 2023

Net Assets

Up

$122,020,410

Up $3,099,609 (+2.6%) from 2023

Revenue

Up

$58,703,240

Up $1,098,191 (+1.9%) from 2023

Expenses

Up

$55,603,631

Up $5,042,507 (+10.0%) from 2023

Net Income

Down

$3,099,609

Down $3,944,316 (-56%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $98,158,435Liabilities 2010: $47,306,962Net Assets 2010: $50,851,4732010Assets 2011: $102,583,215Liabilities 2011: $47,818,131Net Assets 2011: $54,765,0842011Assets 2012: $106,023,627Liabilities 2012: $47,179,231Net Assets 2012: $58,844,3962012Assets 2013: $110,152,888Liabilities 2013: $44,585,167Net Assets 2013: $65,567,7212013Assets 2014: $116,322,562Liabilities 2014: $45,157,568Net Assets 2014: $71,164,9942014Assets 2015: $115,819,828Liabilities 2015: $41,888,304Net Assets 2015: $73,931,5242015Assets 2016: $120,912,015Liabilities 2016: $40,744,277Net Assets 2016: $80,167,7382016Assets 2017: $126,924,608Liabilities 2017: $39,072,924Net Assets 2017: $87,851,6842017Assets 2018: $132,985,994Liabilities 2018: $38,464,010Net Assets 2018: $94,521,9842018Assets 2019: $136,951,510Liabilities 2019: $40,719,054Net Assets 2019: $96,232,4562019Assets 2020: $146,955,025Liabilities 2020: $49,230,881Net Assets 2020: $97,724,1442020Assets 2021: $160,428,637Liabilities 2021: $41,739,751Net Assets 2021: $118,688,8862021Assets 2022: $156,701,755Liabilities 2022: $44,824,879Net Assets 2022: $111,876,8762022Assets 2023: $173,838,618Liabilities 2023: $54,917,817Net Assets 2023: $118,920,8012023Assets 2024: $178,725,404Liabilities 2024: $56,704,994Net Assets 2024: $122,020,4102024

Highlighted filing

2024

Assets$178,725,404
Liabilities$56,704,994
Net Assets$122,020,410

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $49,752,6712010Expenses 2011: $53,027,6312011Revenue 2012: $54,319,507Expenses 2012: $50,240,195Net Income 2012: $4,079,3122012Expenses 2013: $51,791,5882013Revenue 2014: $61,993,516Expenses 2014: $56,396,243Net Income 2014: $5,597,2732014Revenue 2015: $62,041,359Expenses 2015: $59,274,829Net Income 2015: $2,766,5302015Revenue 2016: $62,819,639Expenses 2016: $62,575,699Net Income 2016: $243,9402016Revenue 2017: $72,446,440Expenses 2017: $64,762,494Net Income 2017: $7,683,9462017Revenue 2018: $70,270,503Expenses 2018: $63,600,183Net Income 2018: $6,670,3202018Revenue 2019: $68,450,994Expenses 2019: $66,740,522Net Income 2019: $1,710,4722019Revenue 2020: $70,690,078Expenses 2020: $69,198,390Net Income 2020: $1,491,6882020Revenue 2021: $65,286,029Expenses 2021: $44,372,780Net Income 2021: $20,913,2492021Revenue 2022: $42,287,447Expenses 2022: $49,099,457Net Income 2022: -$6,812,0102022Revenue 2023: $57,605,049Expenses 2023: $50,561,124Net Income 2023: $7,043,9252023Revenue 2024: $58,703,240Expenses 2024: $55,603,631Net Income 2024: $3,099,6092024

Highlighted filing

2024

Revenue$58,703,240
Expenses$55,603,631
Net Income$3,099,609

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$179$56.7$122$58.7$55.6$3.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$174$54.9$119$57.6$50.6$7.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$157$44.8$112$42.3$49.1$6.81
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$160$41.7$119$65.3$44.4$20.9
2020Detailed filing. Detailed filing data is available for this year.$147$49.2$97.7$70.7$69.2$1.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$137$40.7$96.2$68.5$66.7$1.71
2018Detailed filing. Detailed filing data is available for this year.$133$38.5$94.5$70.3$63.6$6.67
2017Detailed filing. Detailed filing data is available for this year.$127$39.1$87.9$72.4$64.8$7.68
2016Detailed filing. Detailed filing data is available for this year.$121$40.7$80.2$62.8$62.6$0.24
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$116$41.9$73.9$62.0$59.3$2.77
2014Detailed filing. Detailed filing data is available for this year.$116$45.2$71.2$62.0$56.4$5.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$44.6$65.6$51.8
2012Summary only. Only limited summary data is available for this year.$106$47.2$58.8$54.3$50.2$4.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$103$47.8$54.8$53.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$98.2$47.3$50.9$49.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$58,703,240
Mission and Program Overview

Mission

Mission of challenge, nurture, community: carson-newman college offers a christian, liberal arts education in an environment that encourages open intellectual inquiry and deeper spiritual maturity. Students receive a personalized education in small classes. Caring faculty and staff mentors get to know and nurture each student. We seek to instill christian values in our students and inspire them to use unique gifts for a lifetime of service. The historic baptist distinctives of religious liberty, personal responsibility, and compassion for others create a welcoming community that fosters a sense of belonging. The cultural heritage and geographic beauty of the appalachian region enriches the carson-newman experience, and the college contributes to the environmental preservation adn economic development of this national treasure. Vision: to become a premier christian liberal arts college with a world-wide impact.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$87,093,804$93,978,552▲ $6,884,748
Investments in Publicly Traded Securities$63,325,874$68,939,685▲ $5,613,811
Cash and Non-Interest-Bearing Accounts$12,682,443$3,490,167▼ $9,192,276
Prepaid Expenses and Deferred Charges$2,132,203$3,063,972▲ $931,769
Accounts Receivable$2,033,721$2,340,759▲ $307,038
Other Notes and Loans Receivable, Net$453,801$350,661▼ $103,140
Total Assets$173,838,618$178,725,404▲ $4,886,786
Other Assets Total$6,116,772$6,561,608▲ $444,836
Liabilities
Other Liabilities$47,828,820$51,253,044▲ $3,424,224
Accounts Payable and Accrued Expenses$4,432,770$3,569,332▼ $863,438
Deferred Revenue$2,656,227$1,882,618▼ $773,609
Total Liabilities$54,917,817$56,704,994▲ $1,787,177
Net Assets / Fund Balance
Net Assets With Donor Restrictions$87,643,953$89,300,952▲ $1,656,999
Net Assets Without Donor Restrictions$31,276,848$32,719,458▲ $1,442,610
Total Net Assets Fund Balance$118,920,801$122,020,410▲ $3,099,609
Total Liabilities and Net Assets / Fund Balance$173,838,618$178,725,404▲ $4,886,786

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$79,325,573$53,583,875-
Other Land Buildings$4,832,971--
Land$7,005,462--
Equipment$4,946,693$30,892,031-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$65,762,662$1,294,972▲ $3,438,590-$68,655,364
2021$71,080,042$721,737▼ $5,428,793-$65,762,662
2020$62,731,421$1,054,500▲ $9,978,919$-991,670$71,080,042
2019$65,671,878$820,044▲ $3,498,086$237,237$62,731,421
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles FlowerPresidentFT$201,193$42,500$243,693
Jeremy BucknerProvostFT$165,456$40,000$165,456
Mr Jonathan AkinVP for ChurcFT$121,150$40,000$161,150
Mr Jonathan AkinVP for Church Relate-$121,150-$161,150
Kevin TriplettVP of RelatiFT$154,350-$154,350
Kevin TriplettVP of Relations-$154,350-$154,350
Eugene PopeAhletic DireFT$136,159-$136,159
Robert KeyCFOFT$134,583-$134,583
Danette SealeVP of EnrollFT$122,942-$122,942
Mr Christopher EppingDean Prof StFT$115,500-$115,500
Gloria WalkerVP of St SerFT$112,455-$112,455
Cheri FlynnDirector of AccoFT$107,898-$107,898
Mr Adam EinhardtAp of NursinFT$106,483-$106,483
Mr Greogory CasalenuovoProfessor ofFT$105,115-$105,115
David CrutchleyDean of BaptFT$102,534-$102,534

Highest Paid Contractors

ContractorServicesLocationCompensation
Aramark CorporationFood ServiceCN BOX 71893, Jefferson City, TN 37760$3,526,781
Appalachian Construction & DesignConstruction1905 REMINGTON RIDGE WAY, Knoxville, TN 37919$2,940,076
Total Property ManagementLandscaping1022 W HWY 11E, New Market, TN 37820$2,518,999
Keypath Education LLCMarketing1933 N MEACHAM RD 400, Schaumburg, IL 60173$2,028,325
Premiere Bldg Maint CorpJanitorial1416 MCCALLA AVE, Knoxville, TN 37915$1,593,930
Revenue and Support

Revenue Composition

Contributions and Grants
$11,514,984
Program Service Revenue
$40,020,379
Investment Income
$0
Other Revenue
$7,167,877
All Other Contributions
$8,854,054
Change in Net Assets
$3,099,609

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$1,219,035
Total Noncash Contributions1$1,219,035

Audited Revenue Reconciliation

Revenue per Audited Statements
$58,703,240
Total Revenue per Audited Statements
$58,703,240
Total Revenue per Form 990
$58,703,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,894,035
Salaries, Compensation, and Employee Benefits$26,709,596
Total Fundraising Expense$1,147,559
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,327,862$2,214,085$474,759$20,016,706
Other Expenses$7,482,640$243,214$454,491$7,725,854
Other Employee Benefits$4,142,833$1,179,909$139,360$5,462,102
Depreciation Depletion$3,362,881$109,273-$3,472,154
Travel$1,768,952$141,511$42,027$1,952,490
Current Officers, Directors, Trustees, and Key Employees$1,021,555$172,311$36,922$1,230,788
Interest$929,300$4,656-$933,956
Total Functional Expenses$46,943,240$7,512,832$1,147,559$55,603,631

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$55,603,631
Total Expenses per Audited Statements$55,603,631
Total Expenses per Form 990$55,603,631
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
Net Pension Liability$18,286,862
Notes Payable Usda$14,291,367
Capital Lease Payable - Eagle Fdn$12,781,847
Notes Payable$2,609,906
Notes Payable$2,107,525
Line of Credit$1,500,000
Advances From Federal Government$172,459
Unamortized Cost$-496,922
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A notice of draft of the form 990 and all attachments is e-mailed to priesident, chair and chairman of the finance committee of the board of trustees. The paresident and chairs are asked to forward any request by the full board.

Form 990, Page 6, Part VI, Line 12C

The college's legal counsel explained the conflict-of-interest policy to all trustees who then in turn completed and signed conflict-of-interest statements. Certain members of the college's board of trustees have disclosed that they manage or have financial interests in entitites which engage in certain business transactions with the college. It is the opinion of management that these transactions are either immaterial or the terms of these transactions are no less favorable to the college than what could have been obtained from unrelated entities. Compensation salaries are determined based upon job function when an individual is hired. The college has a hierarchical organizational structure in which supervisors, department heads, deans, vice presidents, and the president are involved in determining the allowable compensation for a particular function (i.e., job function). There are no independent persons or parties that review individual compensation arrangements, but the college administration is sensitive to conflicts of interest situations and requires all compensation to be based on market values. The board of trustees personnel committee reviews and approves the president's compensation and others as needed. Substantiation for compensation consists of comparisons at peer colleges and comparable jobs in the region. All employee compensation decisions are documented with appropriate approvals in individual personnel files. Such documentation includes, but is not limited to, offer letters, contracts, and memorandums.

Form 990, Page 6, Part VI, Line 19

Carson-newman college is committed to offering transparency and honors all requests for such information timely.

Filing and Contact Details

Filer

Filer Name
Carson-newman University
EIN
62-0479189
Phone
8654712000
Address
PO BOX 557, JEFFERSON CITY, TN 37760

Signing Officer

Name
Robert Key
Title
CFO
Phone
8654712008
Signed
2025-05-06

Organization Details

Principal Officer
Robert Key
Formed
1851
Legal Domicile
Tn
Voting Board Members
35
Independent Board Members
35
Employees
1,142
Volunteers
25

Preparer

Firm
Warrenjackson Cpas Pllc
Address
606 S MAIN STE C, SWEETWATER, TN 37874-2731
Preparer
Derrick Nelson Ea
Phone
4233375003
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Mission of challenge, nurture, community: carson-newman college offers a christian, liberal arts education in an environment that encourages open intellectual inquiry and deeper spiritual maturity. Students receive a personalized education in small classes. Caring faculty and staff mentors get to know and nurture each student. We seek to instill christian values in our students and inspire them to use unique gifts for a lifetime of service. The historic baptist distinctives of religious liberty, personal responsibility, and compassion for others create a welcoming community that fosters a sense of belonging. The cultural heritage and geographic beauty of the appalachian region enriches the carson-newman experience, and the college contributes to the environmental preservation adn economic development of this national treasure. Vision: to become a premier christian liberal arts college with a world-wide impact.

Form 990, Page 2, Part III, Line 4D

Carson-newman college integrates its students into benevolent ministries that it operates to service the indigent (appalachian outreach sponsors mission trips, provides home repair, a food pantry, clothing, household goods and educational programs that include tutoring and life skills training and its samaritan house provides temporary housing for homeless families in east tennessee).

Raw XML AppendixShowing 400 of 798 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MISSION OF CHALLENGE, NURTURE, COMMUNITY: CARSON-NEWMAN COLLEGE OFFERS A CHRISTIAN, LIBERAL ARTS EDUCATION IN AN ENVIRONMENT THAT ENCOURAGES OPEN INTELLECTUAL INQUIRY AND DEEPER SPIRITUAL MATURITY. STUDENTS RECEIVE A PERSONALIZED EDUCATION IN SMALL CLASSES. CARING FACULTY AND STAFF MENTORS GET TO KNOW AND NURTURE EACH STUDENT. WE SEEK TO INSTILL CHRISTIAN VALUES IN OUR STUDENTS AND INSPIRE THEM TO USE UNIQUE GIFTS FOR A LIFETIME OF SERVICE. THE HISTORIC BAPTIST DISTINCTIVES OF RELIGIOUS LIBERTY, PERSONAL RESPONSIBILITY, AND COMPASSION FOR OTHERS CREATE A WELCOMING COMMUNITY THAT FOSTERS A SENSE OF BELONGING. THE CULTURAL HERITAGE AND GEOGRAPHIC BEAUTY OF THE APPALACHIAN REGION ENRICHES THE CARSON-NEWMAN EXPERIENCE, AND THE COLLEGE CONTRIBUTES TO THE ENVIRONMENTAL PRESERVATION ADN ECONOMIC DEVELOPMENT OF THIS NATIONAL TREASURE. VISION: TO BECOME A PREMIER CHRISTIAN LIBERAL ARTS COLLEGE WITH A WORLD-WIDE IMPACT.
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IRS990/BooksInCareOfDetail/PhoneNum08654712000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 577
IRS990/BooksInCareOfDetail/USAddress/CityNm0JEFFERSON CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt21022 W HWY 11E
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt41416 MCCALLA AVE
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1TN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2TN
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4TN
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd237820
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd360173
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd437915
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ARAMARK CORPORATION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1APPALACHIAN CONSTRUCTION & DESIGN
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2TOTAL PROPERTY MANAGEMENT
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3KEYPATH EDUCATION LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4PREMIERE BLDG MAINT CORP
IRS990/ContractorCompensationGrp/ServicesDesc0FOOD SERVICE
IRS990/ContractorCompensationGrp/ServicesDesc1CONSTRUCTION
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IRS990/Desc0CARSON-NEWMAN COLLEGE IS A PRIVATE, CHRISTIAN-BASED LIBERAL-ARTS NOT-FOR- PROFIT INSTITUTION OF HIGHER EDUCATION WHICH IS OPERATED UNDER THE AUSPICES OF THE TENNESSEE BAPTIST CONVENTION. THE COLLEGE PROVIDES UNDERGRADUATE AND GRADUATE INSTRUCTION TO APPROXIMATELY 2,735 STUDENTS, ACADEMIC SUPPORT THAT INCLUDES LIBRARY SERVICES, TUTORING, AND ENGLISH INSTRUCTION FOR SPEAKERS OF OTHER LANGUAGES.
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