Civic Intelligence

Lincoln Memorial University

990 • Fiscal year 2016 • EIN 62-0479542

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 17, 2017

6965 Cumberland Gap ParkwayHarrogate, TN 37752

(423) 869-6314

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.51x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.91x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

65th percentile

6.8%

Higher net margin than 65% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

36th percentile

$361,156

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

55th percentile

2.8%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

66th percentile

7.0%

Faster revenue growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$213,208,642

Up $5,764,954 (+2.8%) from 2015

Net Assets

Up

$104,601,754

Up $6,545,706 (+6.7%) from 2015

Liabilities

Down

$108,606,888

Down $780,752 (-0.7%) from 2015

Revenue

Up

$119,352,063

Up $7,859,913 (+7.0%) from 2015

Expenses

Up

$111,224,109

Up $10,089,568 (+10.0%) from 2015

Net Income

Down

$8,127,954

Down $2,229,655 (-22%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $144,482,047Liabilities 2010: $82,349,175Net Assets 2010: $62,132,8722010Assets 2011: $154,326,848Liabilities 2011: $79,268,280Net Assets 2011: $75,058,5682011Assets 2012: $171,111,882Liabilities 2012: $90,357,951Net Assets 2012: $80,753,9312012Assets 2013: $187,725,991Liabilities 2013: $100,211,857Net Assets 2013: $87,514,1342013Assets 2014: $187,958,719Liabilities 2014: $99,520,392Net Assets 2014: $88,438,3272014Assets 2015: $207,443,688Liabilities 2015: $109,387,640Net Assets 2015: $98,056,0482015Assets 2016: $213,208,642Liabilities 2016: $108,606,888Net Assets 2016: $104,601,7542016Assets 2017: $235,445,345Liabilities 2017: $117,313,137Net Assets 2017: $118,132,2082017Assets 2018: $264,533,535Liabilities 2018: $126,676,749Net Assets 2018: $137,856,7862018Assets 2019: $291,433,061Liabilities 2019: $140,205,348Net Assets 2019: $151,227,7132019Assets 2020: $295,338,228Liabilities 2020: $130,157,152Net Assets 2020: $165,181,0762020Assets 2021: $324,123,057Liabilities 2021: $117,879,199Net Assets 2021: $206,243,8582021Assets 2022: $357,534,896Liabilities 2022: $121,231,906Net Assets 2022: $236,302,9902022Assets 2023: $411,673,181Liabilities 2023: $129,887,600Net Assets 2023: $281,785,5812023Assets 2024: $472,809,880Liabilities 2024: $132,519,176Net Assets 2024: $340,290,7042024

Highlighted filing

2016

Assets$213,208,642
Liabilities$108,606,888
Net Assets$104,601,754

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300M$200M$100M$0-$100MExpenses 2010: $67,021,1022010Expenses 2011: $77,177,6962011Expenses 2012: $86,660,3612012Revenue 2013: $102,068,874Expenses 2013: $96,671,534Net Income 2013: $5,397,3402013Revenue 2014: $96,293,306Expenses 2014: $97,926,067Net Income 2014: -$1,632,7612014Revenue 2015: $111,492,150Expenses 2015: $101,134,541Net Income 2015: $10,357,6092015Revenue 2016: $119,352,063Expenses 2016: $111,224,109Net Income 2016: $8,127,9542016Revenue 2017: $136,234,774Expenses 2017: $125,197,769Net Income 2017: $11,037,0052017Revenue 2018: $157,376,764Expenses 2018: $139,628,550Net Income 2018: $17,748,2142018Revenue 2019: $157,542,114Expenses 2019: $145,322,877Net Income 2019: $12,219,2372019Revenue 2020: $171,241,775Expenses 2020: $155,070,672Net Income 2020: $16,171,1032020Revenue 2021: $189,897,370Expenses 2021: $162,543,981Net Income 2021: $27,353,3892021Revenue 2022: $200,478,196Expenses 2022: $164,166,411Net Income 2022: $36,311,7852022Revenue 2023: $225,089,467Expenses 2023: $182,443,324Net Income 2023: $42,646,1432023Revenue 2024: $258,919,196Expenses 2024: $205,702,758Net Income 2024: $53,216,4382024

Highlighted filing

2016

Revenue$119,352,063
Expenses$111,224,109
Net Income$8,127,954
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 17, 2017
Return Version
2015v3.0
Gross Receipts
$119,445,508
Mission and Program Overview

Mission

Lincoln memorial university is a values-based learning community dedicated to providing educational experiences in the liberal arts and professional studies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$127,152,559$135,529,792▲ $8,377,233
Investments in Publicly Traded Securities$41,479,732$40,447,057▼ $1,032,675
Cash and Non-Interest-Bearing Accounts$20,534,925$22,147,356▲ $1,612,431
Investments Other Securities$5,851,921$5,566,144▼ $285,777
Accounts Receivable$4,726,340$1,980,078▼ $2,746,262
Prepaid Expenses and Deferred Charges$1,193,813$852,513▼ $341,300
Other Notes and Loans Receivable, Net$782,602$594,182▼ $188,420
Inventories for Sale or Use$22,652$26,656▲ $4,004
Total Assets$207,443,688$213,208,642▲ $5,764,954
Other Assets Total$5,699,144$6,064,864▲ $365,720
Liabilities
Tax Exempt Bond Liabilities$59,152,763$58,168,476▼ $984,287
Mortgage Notes Payable Secured by Investment Property$23,738,354$23,409,613▼ $328,741
Accounts Payable and Accrued Expenses$9,599,478$8,907,792▼ $691,686
Deferred Revenue$7,229,284$7,430,803▲ $201,519
Unsecured Notes Loans Payable$4,000,000$5,000,000▲ $1,000,000
Other Liabilities$5,109,210$4,996,484▼ $112,726
Escrow Account Liability$558,551$693,720▲ $135,169
Total Liabilities$109,387,640$108,606,888▼ $780,752
Net Assets / Fund Balance
Unrestricted Net Assets$65,926,953$75,552,854▲ $9,625,901
Permanently Rstr Net Assets$21,119,598$22,221,392▲ $1,101,794
Temporarily Rstr Net Assets$11,009,497$6,827,508▼ $4,181,989
Total Net Assets Fund Balance$98,056,048$104,601,754▲ $6,545,706
Total Liabilities and Net Assets / Fund Balance$207,443,688$213,208,642▲ $5,764,954

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$116,346,485$29,052,864$145,399,349
Equipment$5,958,444$31,387,089$37,345,533
Other Land Buildings$11,085,295$3,489,323$14,574,618
Land$2,139,568-$2,139,568

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$34,686,173$1,260,789▼ $846,245$683,118$34,417,599
2014$34,163,477$721,878▲ $342,774$541,956$34,686,173
2013$31,420,681$532,889▲ $2,714,590$504,683$34,163,477
2012$29,550,132$421,625▲ $1,870,905-$31,420,681
2011$30,316,441$427,235▲ $65,932$919,574$29,550,132
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bryant J DawsonPresidentFT$361,156$361,156
Glen HoffsisDean of Vet.FT$305,720$305,720
Glen HoffsisDean of Vet. Med.-$305,720$305,720
Michael WietingDean of MediFT$260,005$260,005
Michael WietingDean of Medicine-$260,005$260,005
Douglas WestonChair of OmmFT$244,064$244,064
Nicole ShieldsMedical DireFT$238,137$238,137
Nicole ShieldsMedical Director Umc-$238,137$238,137
Mary Ann ModricinDean of NursFT$227,345$227,345
Mary Ann ModricinDean of Nursing-$227,345$227,345
John WilliamsonChair of Ob/FT$224,464$224,464
John WilliamsonChair of Ob/gyn-$224,464$224,464
Leah CobbChair of PsyFT$224,087$224,087
Leah CobbChair of Psychiatry-$224,087$224,087
Roy C YontsChair of FamFT$209,605$209,605
Roy C YontsChair of Family Med.-$209,605$209,605
Eugene C HessVP of Acad.FT$171,119$171,119
Eugene C HessVP of Acad. Affairs-$171,119$171,119

Board Members and Trustees

NameTitle
Ov DebuskChairman
Alan NeelyBoard of Tru
Art BrillBoard of Tru
Brian DebuskBoard of Tru
Charles HollandBoard of Tru
Donald PattonBoard of Tru
Dorothy NeelyBoard of Tru
E Steven WardBoard of Tru
Frederick S FieldsBoard of Tru
George DayBoard of Tru
Jay ShoffnerBoard of Tru
Jerry BurnetteBoard of Tru
Jerry W ZillionBoard of Tru
Joseph F SmiddyBoard of Tru
Kenneth JonesBoard of Tru
Paul Grayson Smith JrBoard of Tru
Pete MaplesBoard of Tru
Richard GillespieBoard of Tru
Robert FinleyBoard of Tru
Terry LeeBoard of Tru
Timothy MatthewsBoard of Tru
Todd E PillionBoard of Tru
Joseph C SmiddyTrustee Emer
Samuel SpencerTrustee Emer
Sherrie Nevils ClaiborneAlumni Repre
Sam a Mars JrFirst Vice-c
Gary J BurchettSecond Vice-
Sam a Mars IiiSecretary
James JordanThird Vice-c

Highest Paid Contractors

ContractorServicesLocationCompensation
Chartwell DiningCatering601 COLLEGE ST, Clarksville, TN 37044$1,613,248
Shoffner MechanicalHvac3600 PAPERMILL DR, Knoxville, TN 37909$1,309,430
Voya Institutional Trust CompanyAsset Mgmt.PO BOX 5050, Minot, ND 58702$787,367
Customer Service Electric SupplyElectricalPO BOX 27006, Knoxville, TN 37927-7006$639,623
Dixie Roofing INCRoofing672 FOX DEN LANE, Lafollette, TN 37766$563,059
Revenue and Support

Revenue Composition

Contributions and Grants
$4,786,868
Program Service Revenue
$113,759,943
Investment Income
$600,435
Other Revenue
$204,817
All Other Contributions
$3,723,723
Change in Net Assets
$8,127,954

Audited Revenue Reconciliation

Revenue per Audited Statements
$119,355,634
Revenue Not Reported on Financial Statements
$-3,571
Revenue Not Reported on Form 990
$-1,582,248
Other Revenue Adjustments
$-3,571
Total Revenue per Audited Statements
$117,773,386
Total Revenue per Form 990
$119,352,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$53,690,717
Other Expenses$40,907,849
Grants and Similar Amounts Paid$16,625,543
Total Fundraising Expense$1,913,665
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$38,137,780$5,040,983$725,664$43,904,427
Grants to Domestic Individuals$16,625,543--$16,625,543
Depreciation Depletion$5,968,195--$5,968,195
Other Employee Benefits$4,638,923$736,005$64,985$5,439,913
Fees for Services Other$3,378,972$956,828$70,511$4,406,311
Occupancy$1,749,949$2,331,441-$4,081,390
Interest-$4,054,381-$4,054,381
Office Expenses$3,265,704$190,355$151,665$3,607,724
Payroll Taxes$2,559,715$355,740$51,715$2,967,170
Information Technology$2,409,072$491,748-$2,900,820
Travel$1,886,428$200,068$82,288$2,168,784
All Other Expenses$1,772,851$103,218$104,102$1,980,171
Pension Plan Contributions$1,172,337$176,568$30,302$1,379,207
Insurance$280,050$832,048-$1,112,098
Advertising$53,653$430,613$624,461$1,108,727
Other Expenses$600,729$146,221$2,724$746,950
Conferences and Meetings$360,945$62,109$5,248$428,302
Fees for Services Accounting-$232,837-$232,837
Fees for Services Legal-$103,895-$103,895
Total Functional Expenses$91,083,687$18,226,757$1,913,665$111,224,109

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$111,227,680
Total Expenses per Audited Statements$111,227,680
Total Expenses per Form 990$111,224,109
Expenses Not Reported on Financial Statements$-3,571
Other Expense Adjustments$-3,571
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
Derivative Liabilities$1,403,743
Student Deposits$1,074,506
Capital Lease Payable$1,030,000
Federal Advances Stud. Loans$835,763
N/p Due Within 1 Year$329,258
Annuities Payable$323,214

Bond Issues

BondIssuerIssuedIssue PricePurpose
BInd Devel Board - Claiborne Cty2010-10-01$33,004,848DEBT RESTRUCTURE
AInd Devel Board - Claiborne Cty2009-10-01$29,024,347DEBT RESTRUCTURING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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 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, Page 6, Part VI, Line 11B

A final copy of the 990 is prepared by the controller and independent accounting firm. Prior to filing, an electronic copy of the 990 and supplemental schedules is provided to all trustees.

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

A trustee shall be considered to have a conflict of interest if he or she (1) has existing or potential financial or other interests that impair or appear to impair his or her independent, unbiased judgement in the discharge of his or her responsibilities to the university; or (2) is aware that a member of his or her family has financial or other interests that would impair or appear to impair the trustee's independent judgment in the discharge of his or her responsibilities to the university. For the purpose of this provision, a family member is defined as a spouse, parent, sibling, child or any other relative residing in the same household as the trustee. All trustees shall disclose to the board any possible conflict of interest at the earliest practical time. Further, the trustee shall absent himself or herself from discussions of, and abstain from voting on, such matters under consideration by the board of trustees or its committees. The minutes of such meeting shall reflect that a disclosure was made and that the trustee with a conflict or possible conflict abstained from voting. Any trustee who is uncertain as to whether a conflict of interest may exist in any matter may request that the board or committee resolve the question in his or her absence by majority vote. Each trustee shall complete and sign a disclosure form provided annually by the secretary of the board of trustees.

Form 990, Page 6, Part VI, Line 15A

The process for determining the compensation of the organization's president/ceo included a review and approval by the board of directors, which consists of independent persons. Based upon comparative data and experience of the president, the board of trustees shall determine appropriate compensation. The board of directors used the cupa-hr administrative compensation survey to determine the amount of compensation. This process was documented in the board meeting minutes.

Form 990, Page 6, Part VI, Line 15B

The organization's president and vp of finance review and approve the compensation amounts for all other officers and key employees. The president used cupa-hr admministrative compensation furvey to determine the amount of compensation for these individuals. Salary increases are approved annually by the president and vp of finance when the annual budget is reviewed and approved. The president reports his/her findings to the board at a scheduled board meeting. This is documented in the board meeting minutes.

Form 990, Page 6, Part VI, Line 19

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code 6104. These documents are not available to the public.

Filing and Contact Details

Filer

Filer Name
Lincoln Memorial University
EIN
62-0479542
Address
6965 CUMBERLAND GAP PARKWAY, HARROGATE, TN 37752

Signing Officer

Name
Dennis Kiick Phd
Title
VP of Research
Phone
4238696358
Signed
2017-03-17

Organization Details

Principal Officer
Bryant J Dawson
Formed
1897
Legal Domicile
Tn
Voting Board Members
26
Independent Board Members
26
Employees
1,455

Preparer

Firm
Rodefer Moss & Co Pllc
Address
608 MABRY HOOD RD STE 300, KNOXVILLE, TN 37932-2615
Preparer
Jared T Hubbard CPA
Phone
8655830091
Supplemental Narrative

Additional Explanations

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

Field of knowledge, must appreciate and understand the various ways by which we come to know ourselves and the world around us, and must be able to exercise informed judgements. The university believes that one of the major cornerstones of meaningful existence is service to humanity. By making educational and research opportunities available to students where they live and through various recreational and cultural events open to the community, lincoln memorial university seeks to advance life in the cumberland gap area and throughout the region through its teaching, research, and service mission.

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

Quality and availability of justice under the law; and 3. Who have an understanding of the fundamental principles of public and private law, an understanding of the nature, basis and role of the law and its institutions, and the skills of legal analysis and writing, issue recognition, reasoning, problem solving, organization, and oral and written communication necessary to participate effectively in the legal profession.

Form 990, Part XI, Line 9

Cost of goods sold on inventory 3,571 cost of goods sold on inventory -3,571

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Lincoln memorial university holds funds in an agency account in which money is deposited periodically and used to pay expenses for certain agencies/clubs.

Schedule D, Page 4, Part XI, Line 4B

Cost of goods sold on inventory -3,571

Schedule D, Page 4, Part XII, Line 4B

Cost of goods sold on inventory -3,571

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IRS990/Desc0UNDERGRADUATE/GRADUATE PROGRAMS THE UNIVERSITY STRIVES TO GIVE STUDENTS A FOUNDATION FOR A MORE PRODUCTIVE LIFE BY UPHOLDING THE PRINCIPLES OF ABRAHAM LINCOLN'S LIFE: A DEDICATION TO INDIVIDUAL LIBERTY, RESPONSIBILITY, AND IMPROVEMENT; A RESPECT FOR CITIZENSHIP; RECOGNITION OF THE INTRINSIC VALUE OF HIGH MORAL AND ETHICAL STANDARDS; AND A BELIEF IN A PERSONAL GOD. THE UNIVERSITY IS COMMITTED TO TEACHING, RESEARCH, AND SERVICE. THE UNIVERSITY'S CURRICULUM AND COMMITMENT TO QUALITY INSTRUCTION AT EVERY LEVEL ARE BASED ON THE BELIEFS THAT GRADUATES MUST BE ABLE TO COMMUNICATE CLEARLY AND EFFECTIVELY IN AN ERA OF RAPIDLY AND CONTINUOUSLY EXPANDING COMMUNICATION TECHNOLOGY, MUST HAVE AN APPRECIABLE DEPTH OF LEARNING IN A FIELD OF KNOWLEDGE, MUST APPRECIATE AND UNDERSTAND THE VARIOUS WAYS BY WHICH WE COME TO KNOW OURSELVES AND THE WORLD AROUND US, AND MUST BE ABLE TO EXERCISE INFORMED JUDGEMENTS. THE UNIVERSITY BELIEVES THAT ONE OF THE MAJOR CORNERSTONES OF MEANINGFUL EXISTENCE IS SERVICE TO HUMANITY. BY MAKING EDUCATIONAL AND RESEARCH OPPORTUNITIES AVAILABLE TO STUDENTS WHERE THEY LIVE AND THROUGH VARIOUS RECREATIONAL AND CULTURAL EVENTS OPEN TO THE COMMUNITY, LINCOLN MEMORIAL UNIVERSITY SEEKS TO ADVANCE LIFE IN THE CUMBERLAND GAP AREA AND THROUGHOUT THE REGION THROUGH ITS TEACHING, RESEARCH, AND SERVICE MISSION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt25ALUMNI REPRE
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IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD OF TRU
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD OF TRU

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$473$133$340$259$206$53.2
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$412$130$282$225$182$42.6
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$358$121$236$200$164$36.3
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$324$118$206$190$163$27.4
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$295$130$165$171$155$16.2
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$291$140$151$158$145$12.2
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$265$127$138$157$140$17.7
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$235$117$118$136$125$11.0
2016Detailed filing. Detailed filing data is available for this year.$213$109$105$119$111$8.13
2015Detailed filing. Detailed filing data is available for this year.$207$109$98.1$111$101$10.4
2014Detailed filing. Detailed filing data is available for this year.$188$99.5$88.4$96.3$97.9$1.63
2013Summary only. Only limited summary data is available for this year.$188$100$87.5$102$96.7$5.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$171$90.4$80.8$86.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$154$79.3$75.1$77.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$82.3$62.1$67.0