Civic Intelligence

Union University

990 • Fiscal year 2024 • EIN 62-0516509

Aug 01, 2023 to Jul 31, 2024 • Filed on Jun 16, 2025

1050 Union University DrJackson, TN 38305

(731) 668-1818

Siviq Scores

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

Liabilities / Assets

26th percentile

0.08x

Higher debt load relative to assets than 26% of similar nonprofits.

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

Liabilities / Revenue

24th percentile

0.17x

Higher debt load relative to revenue than 24% of similar nonprofits.

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

Net Margin

64th percentile

9.6%

Higher net margin than 64% of similar nonprofits.

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

Top Officer Pay

42nd percentile

$416,721

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

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

Asset Growth

59th percentile

8.4%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

32nd percentile

2.6%

Faster revenue growth than 32% of similar nonprofits.

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

Assets

Up

$219,146,327

Up $16,896,487 (+8.4%) from 2023

Net Assets

Up

$201,015,173

Up $15,626,062 (+8.4%) from 2023

Liabilities

Up

$18,131,154

Up $1,270,425 (+7.5%) from 2023

Revenue

Up

$104,790,662

Up $2,614,139 (+2.6%) from 2023

Expenses

Down

$94,752,486

Down $630,504 (-0.7%) from 2023

Net Income

Up

$10,038,176

Up $3,244,643 (+48%) from 2023

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $167,886,246Liabilities 2010: $62,731,569Net Assets 2010: $105,154,6772010Assets 2011: $169,108,615Liabilities 2011: $61,095,294Net Assets 2011: $108,013,3212011Assets 2012: $176,699,569Liabilities 2012: $67,107,949Net Assets 2012: $109,591,6202012Assets 2013: $181,684,741Liabilities 2013: $61,874,774Net Assets 2013: $119,809,9672013Assets 2014: $179,737,194Liabilities 2014: $56,563,449Net Assets 2014: $123,173,7452014Assets 2015: $182,964,145Liabilities 2015: $53,641,490Net Assets 2015: $129,322,6552015Assets 2016: $180,654,479Liabilities 2016: $46,992,124Net Assets 2016: $133,662,3552016Assets 2017: $177,821,367Liabilities 2017: $41,458,039Net Assets 2017: $136,363,3282017Assets 2018: $175,177,912Liabilities 2018: $35,708,247Net Assets 2018: $139,469,6652018Assets 2019: $182,594,388Liabilities 2019: $24,349,510Net Assets 2019: $158,244,8782019Assets 2020: $182,799,113Liabilities 2020: $23,564,442Net Assets 2020: $159,234,6712020Assets 2021: $196,250,850Liabilities 2021: $21,740,814Net Assets 2021: $174,510,0362021Assets 2022: $193,669,100Liabilities 2022: $18,998,470Net Assets 2022: $174,670,6302022Assets 2023: $202,249,840Liabilities 2023: $16,860,729Net Assets 2023: $185,389,1112023Assets 2024: $219,146,327Liabilities 2024: $18,131,154Net Assets 2024: $201,015,1732024

Highlighted filing

2024

Assets$219,146,327
Liabilities$18,131,154
Net Assets$201,015,173

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $73,945,0762010Expenses 2011: $83,702,0602011Expenses 2012: $89,426,3512012Revenue 2013: $102,053,527Expenses 2013: $91,835,180Net Income 2013: $10,218,3472013Revenue 2014: $94,502,091Expenses 2014: $91,138,313Net Income 2014: $3,363,7782014Revenue 2015: $95,613,950Expenses 2015: $89,465,040Net Income 2015: $6,148,9102015Revenue 2016: $93,355,269Expenses 2016: $89,015,569Net Income 2016: $4,339,7002016Revenue 2017: $92,552,196Expenses 2017: $89,851,223Net Income 2017: $2,700,9732017Revenue 2018: $92,307,673Expenses 2018: $89,408,240Net Income 2018: $2,899,4332018Revenue 2019: $107,085,757Expenses 2019: $91,196,389Net Income 2019: $15,889,3682019Revenue 2020: $89,960,505Expenses 2020: $90,838,837Net Income 2020: -$878,3322020Revenue 2021: $102,279,913Expenses 2021: $92,443,205Net Income 2021: $9,836,7082021Revenue 2022: $103,290,604Expenses 2022: $98,095,312Net Income 2022: $5,195,2922022Revenue 2023: $102,176,523Expenses 2023: $95,382,990Net Income 2023: $6,793,5332023Revenue 2024: $104,790,662Expenses 2024: $94,752,486Net Income 2024: $10,038,1762024

Highlighted filing

2024

Revenue$104,790,662
Expenses$94,752,486
Net Income$10,038,176
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 16, 2025
Return Version
2023v6.0
Gross Receipts
$112,275,547
Mission and Program Overview

Mission

Union university provides christ-centered education that promotes excellence and character development in service to church and society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$120,126,478$129,404,414▲ $9,277,936
Investments in Publicly Traded Securities$39,393,788$42,637,833▲ $3,244,045
Investments Other Securities$22,917,663$25,300,397▲ $2,382,734
Savings and Temporary Cash Investments$15,062,086$15,048,505▼ $13,581
Pledges and Grants Receivable$867,023$4,631,842▲ $3,764,819
Accounts Receivable$900,016$1,063,662▲ $163,646
Prepaid Expenses and Deferred Charges$263,544$284,707▲ $21,163
Cash and Non-Interest-Bearing Accounts$2,276,790$254,767▼ $2,022,023
Other Notes and Loans Receivable, Net$20,588$0▼ $20,588
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$202,249,840$219,146,327▲ $16,896,487
Other Assets Total$421,864$520,200▲ $98,336
Liabilities
Tax Exempt Bond Liabilities$7,315,820$7,142,622▼ $173,198
Deferred Revenue$5,139,797$4,946,211▼ $193,586
Accounts Payable and Accrued Expenses$3,039,250$4,280,602▲ $1,241,352
Other Liabilities$1,280,148$1,376,385▲ $96,237
Mortgage Notes Payable Secured by Investment Property-$328,192-
Unsecured Notes Loans Payable$85,714$57,142▼ $28,572
Total Liabilities$16,860,729$18,131,154▲ $1,270,425
Net Assets / Fund Balance
Net Assets With Donor Restrictions$89,741,404$104,113,641▲ $14,372,237
Net Assets Without Donor Restrictions$95,647,707$96,901,532▲ $1,253,825
Total Net Assets Fund Balance$185,389,111$201,015,173▲ $15,626,062
Total Liabilities and Net Assets / Fund Balance$202,249,840$219,146,327▲ $16,896,487

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$94,530,356$65,128,690$159,659,046
Equipment$4,945,414$36,897,383$41,842,797
Land$19,451,581-$19,451,581
Other Land Buildings$10,477,063-$10,477,063
Other Securities$18,434,185--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$55,249,409$826,615▲ $5,971,083-$60,157,304
2022$50,616,906$2,585,090▲ $3,887,116-$55,249,409
2021$54,636,525$856,186▼ $3,163,317-$50,616,906
2020$45,419,999$927,745▲ $9,916,660-$54,636,525
2019$44,491,422$829,780▲ $1,549,926-$45,419,999
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Samuel Dub OliverPresident & CEOFT$293,522$123,199$416,721
Andrew MartinProf - Sch of PharmacyFT$131,571$120,184$251,755
David KuhlProf - Sch of PharmacyFT$158,600$87,691$246,291
Sheila MitchellDean - PharmacyFT$203,773$18,700$222,473
Mark CampbellWomen's Basketball Coach & Ath. DirectorFT$154,462$61,407$215,869
John CarbonellAvp - HrFT$108,588$104,715$213,303
Rick TaphornCFO/VP Bus AffairsFT$121,693$43,333$165,026

Board Members and Trustees

NameTitle
Robyn HariChairman (Part Year)
Josh DouganSecretary(Part Year)/Vice Chairman
Jeff PerkinsVice Chairman (Part Year)/Chairman
Adam DooleyTrustee
Bill DementTrustee
Brandon JamesTrustee
Brian TaylorTrustee
Cherie WilliamsTrustee
Chuck BakerTrustee
Gary TaylorTrustee
Gil FletcherTrustee
Harry SmithTrustee
Jake BynumTrustee
Jay HardwickTrustee
Kylan MannTrustee
Linda ShoafTrustee
Lisa RogersTrustee
Norm HillTrustee
Omar L HamadaTrustee
Ramona YatesTrustee
Rob RashTrustee
Rod JamesTrustee
Trent BullockTrustee
Warren NunnTrustee
David GuthrieTrustee (Part Year)
James FarmerTrustee (Part Year)
Noe GarciaTrustee (Part Year)
Peggy GravesTrustee (Part Year)
Steve GainesTrustee (Part Year)
Willie McLaurinTrustee (Part Year)
Kay GriffinTrustee (Part Year)/Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Creative Dining ServicesDining Services1 Royal Park Dr, Zeeland, MI 49464-2243$3,833,548
Linkous Construction Co INCConstruction1661 Aaron Brenner Dr, Memphis, TN 38120-1466$1,182,012
Elite ContractorsConstruction319 Vann Dr, Jackson, TN 38305-6032$1,011,467
Tlm AssociatesConstruction117 E Lafayette St, Jackson, TN 38301-6203$659,041
Valorecampus LLCCampus Bookstore11621 Kanis Rd, Little Rock, AR 72211-3726$603,231
Revenue and Support

Revenue Composition

Contributions and Grants
$14,314,848
Program Service Revenue
$87,341,844
Investment Income
$1,904,963
Other Revenue
$1,229,007
All Other Contributions
$13,227,999
Change in Net Assets
$10,038,176

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 AmountValuation Method
Real Estate Residential1$2,718,183Selling cost
Securities Publicly Traded7$168,696Market value
Other Non Cash Contri Table4$2,800Opinions of experts
Books and Publications-$2,710Cost
Total Noncash Contributions12$2,892,389-

Audited Revenue Reconciliation

Revenue per Audited Statements
$75,702,185
Revenue Not Reported on Financial Statements
$29,088,477
Revenue Not Reported on Form 990
$5,744,024
Other Revenue Adjustments
$28,751,734
Total Revenue per Audited Statements
$81,446,209
Total Revenue per Form 990
$104,790,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$41,506,951
Grants and Similar Amounts Paid$28,751,734
Other Expenses$24,405,734
Total Fundraising Expense$862,649
Professional Fundraising Fees$88,067

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$29,363,429$1,939,966$426,134$31,729,529
Grants to Domestic Individuals$28,751,734--$28,751,734
Other Employee Benefits$5,528,304$217,769$62,261$5,808,334
Office Expenses$4,119,537$1,188,697$33,611$5,341,845
Occupancy$4,388,305$109,194-$4,497,499
Depreciation Depletion$4,122,171$371,715-$4,493,886
Payroll Taxes$2,060,693$124,204$30,612$2,215,509
Travel$1,516,374$31,909$11,476$1,559,759
Advertising$653,636$740,684$113,122$1,507,442
Information Technology$1,276,614$535$77,752$1,354,901
Pension Plan Contributions$953,099$48,280$15,423$1,016,802
Fees for Services Other$971,808$0$0$971,808
Current Officers, Directors, Trustees, and Key Employees$407,535$222,588-$630,123
Other Expenses$3,261,611$389,021-$389,021
Fees for Service Investment Mgmnt Fees-$336,743-$336,743
Insurance-$274,399-$274,399
Conferences and Meetings$192,059$7,948$4,191$204,198
Interest$145,076$11,435-$156,511
Comp Disqual Persons$66,072$40,582-$106,654
Fees for Services Professional Fundraising--$88,067$88,067
Fees for Services Legal-$29,211-$29,211
Fees for Services Accounting-$26,900-$26,900
Total Functional Expenses$87,778,057$6,111,780$862,649$94,752,486

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$94,752,486
Total Expenses per Audited Statements$65,820,147
Expenses per Audited Statements$65,664,009
Expenses Not Reported on Financial Statements$29,088,477
Other Expense Adjustments$28,751,734
Expenses Not Reported on Form 990$156,138
International Activity

International Summary

Offices
0
Employees
0
Spending
$72,430

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram ServicesMission trips00$32,904
Europe (Including Iceland and Greenland)Program ServicesStudy abroad trips for students00$12,939
Europe (Including Iceland and Greenland)Program ServicesMission trips00$11,742
Central America and the CaribbeanProgram ServicesMission trips00$6,240
North America (Canada & Mexico only)Program ServicesMission trips00$4,530
East Asia and the PacificProgram ServicesMission trips00$4,075
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$156,138
Professional Fundraising Fees$88,067
Fundraising Gross Income$51,044

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Banquet$245,207$51,044$19,343$31,701
Event 2-$0-$0
Total Events$245,207$51,044$156,138$-105,094
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family member of Board MemberCompensationNo$66,072
-Family member of PresidentCompensationNo$40,582

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student deposits$439,520
Finance lease liabilities$331,393
Annuities payable$212,594
Deposits held for others$199,960
Operating lease liabilities$192,918

Bond Issues

BondIssuerIssuedIssue PricePurpose
BThe Health Educational and Housing Facility Board of the City of Jackson2023-09-25$13,500,000Capital Project - Academic building
AThe Health Educational and Housing Facility Board of the City of Jackson2022-03-24$9,989,045Refunding of 12/1/2009, 3/1/2010, and 12/17/2010 tax-exempt bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$13,500,000-$0-
A$9,989,045$9,989,045$4,574,488$50,001

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
Yes
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
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Trustees of the University are elected by the Tennessee Baptist Convention, per bylaws, during its spring meeting.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.

Form 990, Part VI, Line 12C Conflict of interest policy

The University maintains a board-adopted conflict of interest policy. Trustees and officers are required to annually disclose potential conflicts of interest. The University monitors and enforces compliance with the policy by publishing it on the employee intranet, limiting business dealings with related parties, and discouraging activities that might be perceived as a conflict of interest. The President's Office is charged with monitoring and enforcing compliance with the policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The executive committee of the board of trustees directs the process for and determines the compensation of the President. The executive committee uses comparability data such as published surveys and other regional and national indexes in their determination. The proceedings are documented in committee minutes.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

See narrative for Form 990, Part VI, Line 15a.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes these documents available in accordance with applicable law.

Form 990, Part VII, Section A

Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C.

Form 990, Part VIII, Line 2F Other Program Service Revenue

Other Program Revenues - Total Revenue: 1571456, Related or Exempt Function Revenue: 1570265, Unrelated Business Revenue: 1191, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Union University
EIN
62-0516509
Phone
7316681818
Address
1050 Union University Dr, Jackson, TN 38305

Signing Officer

Name
Samuel Dub Oliver
Title
President
Phone
7316681818
Signed
2025-06-16
Discuss with paid preparer
Yes

Organization Details

Formed
1925
Legal Domicile
Tn
Voting Board Members
24
Independent Board Members
24
Employees
1,211
Volunteers
34

Preparer

Firm
CRI Capin Crouse Advisors LLC
Address
345 Massachusetts Ave Suite 300, Indianapolis, IN 46204
Preparer
Daren Daiga
Phone
5055022746
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in value of annuity agreements - 93999;

Financial Statement Notes

Schedule D, Part II, Line 5 Conservation easements policy

The University has a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds.

Schedule D, Part II, Line 9 Conservation easements financial reporting

The University does not report conservation easements on its balance sheet, and since the conservation easements do not currently generate revenue or expenses, The University does not report such items on its consolidated statement of activities.

Schedule D, Part III, Line 4 Collections of art - description of collections

The University maintains a Pre-Columbian art collection and a Torah scroll collection. As a liberal arts and religiously-based institution, the University maintains both collections for the purposes of scholarly research for its students and the community.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The endowment funds of the university consist primarily of individual donor-restricted funds that are established for a variety of purposes, primarily to fund student scholarships and academic programs. As required by generally accepted accounting principles, net assets associated with these funds are classified and reported based on the existence of donor-imposed restrictions. The university has adopted investment and spending policies for endowment assets that are designed to provide a stream of funding for scholarships and programs supported by these funds, while seeking to perpetually maintain the purchasing power of the endowment funds.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Change in value of annuity agreements - 93999 Fundraising Event Expenses - 156138

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Student Aid - 28751734

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Fundraising Event Expenses - 156138

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Student Aid - 28751734

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IRS990/Desc0Union University is a private, Christian, four-year, coeducational, liberal arts-based university offering bachelor's, master's, and doctoral degrees, and is fostered by the Tennessee Baptist Convention. Founded in 1823 and located in Jackson, Tennessee, Union also has extension campuses in Germantown, Memphis, and Hendersonville, Tennessee. The student body is made up of 2,700 students from 46 states and 8 countries.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$219$18.1$201$105$94.8$10.0
2023Detailed filing. Detailed filing data is available for this year.$202$16.9$185$102$95.4$6.79
2022Detailed filing. Detailed filing data is available for this year.$194$19.0$175$103$98.1$5.20
2021Detailed filing. Detailed filing data is available for this year.$196$21.7$175$102$92.4$9.84
2020Detailed filing. Detailed filing data is available for this year.$183$23.6$159$90.0$90.8$0.88
2019Detailed filing. Detailed filing data is available for this year.$183$24.3$158$107$91.2$15.9
2018Detailed filing. Detailed filing data is available for this year.$175$35.7$139$92.3$89.4$2.90
2017Detailed filing. Detailed filing data is available for this year.$178$41.5$136$92.6$89.9$2.70
2016Detailed filing. Detailed filing data is available for this year.$181$47.0$134$93.4$89.0$4.34
2015Detailed filing. Detailed filing data is available for this year.$183$53.6$129$95.6$89.5$6.15
2014Detailed filing. Detailed filing data is available for this year.$180$56.6$123$94.5$91.1$3.36
2013Summary only. Only limited summary data is available for this year.$182$61.9$120$102$91.8$10.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$177$67.1$110$89.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$169$61.1$108$83.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$168$62.7$105$73.9