Civic Intelligence

Visible Music College

990 • Fiscal year 2018 • EIN 62-1861520

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileVISIBLE.EDU

View Organization Page

200 Madison AvenueMemphis, TN 38103

(901) 462-4137

Siviq Scores

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

Liabilities / Assets

79th percentile

0.62x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

2.32x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

9th percentile

-26%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$139,760

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

31st percentile

-2.1%

Faster asset growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-30%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$10,580,560

Down $228,070 (-2.1%) from 2017

Net Assets

Down

$3,995,752

Down $752,474 (-16%) from 2017

Liabilities

Up

$6,584,808

Up $524,404 (+8.7%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin9th percentile

Revenue

Down

$2,841,128

Down $1,221,861 (-30%) from 2017

Expenses

Down

$3,593,602

Down $158,890 (-4.2%) from 2017

Net Income

Down

-$752,474

Down $1,062,971 (-342%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $1,818,831Liabilities 2010: $436,058Net Assets 2010: $1,382,7732010Assets 2011: $2,933,933Liabilities 2011: $754,423Net Assets 2011: $2,179,5102011Assets 2012: $4,710,493Liabilities 2012: $2,664,920Net Assets 2012: $2,045,5732012Assets 2013: $5,476,051Liabilities 2013: $2,782,413Net Assets 2013: $2,693,6382013Assets 2014: $6,279,941Liabilities 2014: $3,584,884Net Assets 2014: $2,695,0572014Assets 2015: $7,206,513Liabilities 2015: $4,336,663Net Assets 2015: $2,869,8502015Assets 2016: $9,508,841Liabilities 2016: $5,071,112Net Assets 2016: $4,437,7292016Assets 2017: $10,808,630Liabilities 2017: $6,060,404Net Assets 2017: $4,748,2262017Assets 2018: $10,580,560Liabilities 2018: $6,584,808Net Assets 2018: $3,995,7522018Assets 2019: $10,833,809Liabilities 2019: $6,807,654Net Assets 2019: $4,026,1552019Assets 2020: $10,764,035Liabilities 2020: $7,194,311Net Assets 2020: $3,569,7242020Assets 2021: $10,671,207Liabilities 2021: $7,594,284Net Assets 2021: $3,076,9232021Assets 2022: $10,569,871Liabilities 2022: $8,102,686Net Assets 2022: $2,467,1852022Assets 2023: $9,599,198Liabilities 2023: $8,340,089Net Assets 2023: $1,259,1092023Assets 2024: $9,605,884Liabilities 2024: $9,758,375Net Assets 2024: -$152,4912024Assets 2025: $9,368,122Liabilities 2025: $9,337,035Net Assets 2025: $31,0872025

Highlighted filing

2018

Assets$10,580,560
Liabilities$6,584,808
Net Assets$3,995,752
Open 2018 Filing

Operations Trend

Revenue Growth9th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,556,0222010Revenue 2011: $3,000,644Expenses 2011: $2,203,907Net Income 2011: $796,7372011Revenue 2012: $3,863,711Expenses 2012: $3,997,648Net Income 2012: -$133,9372012Revenue 2013: $4,133,765Expenses 2013: $3,485,700Net Income 2013: $648,0652013Revenue 2014: $3,370,728Expenses 2014: $3,369,309Net Income 2014: $1,4192014Revenue 2015: $3,990,275Expenses 2015: $3,815,482Net Income 2015: $174,7932015Revenue 2016: $5,527,240Expenses 2016: $3,959,361Net Income 2016: $1,567,8792016Revenue 2017: $4,062,989Expenses 2017: $3,752,492Net Income 2017: $310,4972017Revenue 2018: $2,841,128Expenses 2018: $3,593,602Net Income 2018: -$752,4742018Revenue 2019: $4,047,590Expenses 2019: $4,017,187Net Income 2019: $30,4032019Revenue 2020: $3,800,869Expenses 2020: $4,257,300Net Income 2020: -$456,4312020Revenue 2021: $4,938,373Expenses 2021: $5,748,839Net Income 2021: -$810,4662021Revenue 2022: $5,534,233Expenses 2022: $6,078,138Net Income 2022: -$543,9052022Revenue 2023: $4,711,667Expenses 2023: $5,929,262Net Income 2023: -$1,217,5952023Revenue 2024: $4,155,831Expenses 2024: $5,570,929Net Income 2024: -$1,415,0982024Revenue 2025: $2,304,094Expenses 2025: $2,544,670Net Income 2025: -$240,5762025

Highlighted filing

2018

Revenue$2,841,128
Expenses$3,593,602
Net Income-$752,474
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$2,841,128
Mission and Program Overview

Mission

Visible music college will train and equip artists, technicians, and business professionals for service in the christian music industry or in service to a church.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,353,591$9,771,705▲ $418,114
Pledges and Grants Receivable$142,494$394,549▲ $252,055
Accounts Receivable$194,811$276,803▲ $81,992
Inventories for Sale or Use$74,980$50,234▼ $24,746
Cash and Non-Interest-Bearing Accounts$1,001,459$41,781▼ $959,678
Prepaid Expenses and Deferred Charges$9,573--
Total Assets$10,808,630$10,580,560▼ $228,070
Other Assets Total$31,722$45,488▲ $13,766
Liabilities
Unsecured Notes Loans Payable$5,536,670$6,344,649▲ $807,979
Deferred Revenue$41,810$125,012▲ $83,202
Accounts Payable and Accrued Expenses$481,924$115,147▼ $366,777
Total Liabilities$6,060,404$6,584,808▲ $524,404
Net Assets / Fund Balance
Unrestricted Net Assets$3,722,200$3,942,676▲ $220,476
Temporarily Rstr Net Assets$1,026,026$53,076▼ $972,950
Total Net Assets Fund Balance$4,748,226$3,995,752▼ $752,474
Total Liabilities and Net Assets / Fund Balance$10,808,630$10,580,560▼ $228,070

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,426,976$2,053,966$11,480,942
Land$344,729-$344,729
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ken SteortsPresidentFT$139,760$139,760

Board Members and Trustees

NameTitle
Sarah HaizlipChair
Eliot MorrisVice Chair
Alison FranklinTrustee
Carey MooreTrustee
Charles LawingTrustee
Clay MccormackTrustee
Dave PrinceTrustee
Dr Steve MarodaTrustee
Jimmy VetetoTrustee
John DudasTrustee
Lee GibsonTrustee
Michael CrossTrustee
Mike OverlinTrustee
Paula BeasleyTrustee
Sheila WhalumSecretary
Kristian GluckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$548,491
Program Service Revenue
$2,226,095
Investment Income
$0
Other Revenue
$66,542
All Other Contributions
$548,491
Change in Net Assets
$-752,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,841,128
Total Revenue per Audited Statements
$2,841,128
Total Revenue per Form 990
$2,841,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,871,541
Other Expenses$1,722,061
Total Fundraising Expense$513,745
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$793,733$537,547$393,519$1,724,799
Depreciation Depletion$331,205--$331,205
Occupancy$330,599--$330,599
Interest$281,511--$281,511
Advertising$49,058-$120,226$169,284
Information Technology$101,329$49,357-$150,686
Current Officers, Directors, Trustees, and Key Employees$146,742--$146,742
Travel$146,446--$146,446
Office Expenses-$139,326-$139,326
Insurance-$61,141-$61,141
Fees for Services Other$31,771--$31,771
Other Expenses$27,457$6,650-$6,650
Total Functional Expenses$2,285,836$794,021$513,745$3,593,602

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,593,602
Total Expenses per Audited Statements$3,593,602
Total Expenses per Form 990$3,593,602
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“The chair of the board of trustees and finance committee review the 990 before filing”

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

“Visible music college aims to be clear of any hint of improper handling of business. Any staff member who wishes to disclose an illegal activity may do so to the president of the college without repercussion related to their job. If the illegal activity involves the president, he or she may approach the chair of the board of trustees in writing without fear of dismissal. Separate from the standard grievance policy, a person who considers themselves to have proof of an illegal activity at the college may approach the president or board chair with this informaiton directly.”

Form 990, Page 6, Part VI, Line 19

“The organization makes it financial statements available through guidestar”

Filing and Contact Details

Filer

Filer Name
Visible School Inc
EIN
62-1861520
Phone
9014624137
Address
200 MADISON AVENUE, MEMPHIS, TN 38103
Doing Business As
Visible Music College

Signing Officer

Name
Ken Steorts
Title
President
Phone
9014624137
Signed
2019-05-15

Organization Details

Principal Officer
Ken Steorts
Legal Domicile
Tn
Voting Board Members
17
Independent Board Members
16
Employees
71

Preparer

Firm
R Michael Labounty & Associates
Address
2750 BUFORD HWY STE 247, ATLANTA, GA 30324
Preparer
Lisa H Dial
Phone
4046366272
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The institution is exempt from federal income tax under provisions of section 501(c)(3) of the internal revenue code and classified by the internal revenue service as an organization other than a private foundation. In the opinion of management, the institution continues to operate as a tax-exempt organization and, accordingly, no provisions for federal and state income taxes have been recorded in the financial statements. The financial accounting standards board has issued an interpretation clarifying when an uncertainty in income taxes should be recognized or disclosed in the institution's financial statements. The institution has reviewed its tax positions and has determine that there are no tax uncertainties requiring recognition or disclosure for the years open to potential irs examination (2015-2017)”

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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02841128
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt049357
IRS990/InformationTechnologyGrp/ProgramServicesAmt0101329
IRS990/InformationTechnologyGrp/TotalAmt0150686
IRS990/InsuranceGrp/ManagementAndGeneralAmt061141
IRS990/InsuranceGrp/TotalAmt061141
IRS990/InterestGrp/ProgramServicesAmt0281511
IRS990/InterestGrp/TotalAmt0281511
IRS990/InventoriesForSaleOrUseGrp/BOYAmt074980
IRS990/InventoriesForSaleOrUseGrp/EOYAmt050234
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02053966
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09353591
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09771705
IRS990/LandBldgEquipCostOrOtherBssAmt011825671
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0VISIBLE MUSIC COLLEGE WILL TRAIN AND EQUIP ARTISTS, TECHNICIANS, AND BUSINESS PROFESSIONALS FOR SERVICE IN THE CHRISTIAN MUSIC INDUSTRY OR IN SERVICE TO A CHURCH.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04748226
IRS990/NetAssetsOrFundBalancesEOYAmt03995752
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0330599
IRS990/OccupancyGrp/TotalAmt0330599
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0139326
IRS990/OfficeExpensesGrp/TotalAmt0139326
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt031722
IRS990/OtherAssetsTotalGrp/EOYAmt045488
IRS990/OtherExpensesGrp/Desc0ACCREDITATION FEES
IRS990/OtherExpensesGrp/Desc1ADMISSIONS EXPENSE
IRS990/OtherExpensesGrp/Desc2TAX EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06650
IRS990/OtherExpensesGrp/ProgramServicesAmt045985
IRS990/OtherExpensesGrp/ProgramServicesAmt127457
IRS990/OtherExpensesGrp/TotalAmt045985
IRS990/OtherExpensesGrp/TotalAmt127457
IRS990/OtherExpensesGrp/TotalAmt26650
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt066542
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt066542
IRS990/OtherRevenueTotalAmt066542
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0393519
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0537547
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0793733
IRS990/OtherSalariesAndWagesGrp/TotalAmt01724799
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0142494
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0394549
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09573
IRS990/PrincipalOfficerNm0KEN STEORTS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1DORMITORY INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01681245
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1487306
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt257544
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01681245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1487306
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt257544
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01468032
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt02127536
IRS990/PYOtherRevenueAmt0185427
IRS990/PYProgramServiceRevenueAmt02409530
IRS990/PYRevenuesLessExpensesAmt0310497
IRS990/PYSalariesCompEmpBnftPaidAmt01624956
IRS990/PYTotalExpensesAmt03752492
IRS990/PYTotalRevenueAmt04062989
IRS990/ReconcilationRevenueExpnssAmt0-752474
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02226095
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt09426976
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02053966
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011480942
IRS990ScheduleD/ExpensesSubtotalAmt03593602
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0344729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0344729
IRS990ScheduleD/RevenueSubtotalAmt02841128
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTION IS EXEMPT FROM FEDERAL INCOME TAX UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. IN THE OPINION OF MANAGEMENT, THE INSTITUTION CONTINUES TO OPERATE AS A TAX-EXEMPT ORGANIZATION AND, ACCORDINGLY, NO PROVISIONS FOR FEDERAL AND STATE INCOME TAXES HAVE BEEN RECORDED IN THE FINANCIAL STATEMENTS. THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS ISSUED AN INTERPRETATION CLARIFYING WHEN AN UNCERTAINTY IN INCOME TAXES SHOULD BE RECOGNIZED OR DISCLOSED IN THE INSTITUTION'S FINANCIAL STATEMENTS. THE INSTITUTION HAS REVIEWED ITS TAX POSITIONS AND HAS DETERMINE THAT THERE ARE NO TAX UNCERTAINTIES REQUIRING RECOGNITION OR DISCLOSURE FOR THE YEARS OPEN TO POTENTIAL IRS EXAMINATION (2015-2017)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09771705
IRS990ScheduleD/TotalExpensesPerForm990Amt03593602
IRS990ScheduleD/TotalRevenuePerForm990Amt02841128
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02841128
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03593602
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTION PARTICIPATES IN THE STUDENT FINANCIAL AID PROGRAMS OF TITLE IV ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAIR OF THE BOARD OF TRUSTEES AND FINANCE COMMITTEE REVIEW THE 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VISIBLE MUSIC COLLEGE AIMS TO BE CLEAR OF ANY HINT OF IMPROPER HANDLING OF BUSINESS. ANY STAFF MEMBER WHO WISHES TO DISCLOSE AN ILLEGAL ACTIVITY MAY DO SO TO THE PRESIDENT OF THE COLLEGE WITHOUT REPERCUSSION RELATED TO THEIR JOB. IF THE ILLEGAL ACTIVITY INVOLVES THE PRESIDENT, HE OR SHE MAY APPROACH THE CHAIR OF THE BOARD OF TRUSTEES IN WRITING WITHOUT FEAR OF DISMISSAL. SEPARATE FROM THE STANDARD GRIEVANCE POLICY, A PERSON WHO CONSIDERS THEMSELVES TO HAVE PROOF OF AN ILLEGAL ACTIVITY AT THE COLLEGE MAY APPROACH THE PRESIDENT OR BOARD CHAIR WITH THIS INFORMAITON DIRECTLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES IT FINANCIAL STATEMENTS AVAILABLE THROUGH GUIDESTAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01026026
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt053076
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010808630
IRS990/TotalAssetsEOYAmt010580560
IRS990/TotalAssetsGrp/BOYAmt010808630
IRS990/TotalAssetsGrp/EOYAmt010580560
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0548491
IRS990/TotalEmployeeCnt071
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0513745
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0794021
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02285836
IRS990/TotalFunctionalExpensesGrp/TotalAmt03593602
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06060404
IRS990/TotalLiabilitiesEOYAmt06584808
IRS990/TotalLiabilitiesGrp/BOYAmt06060404
IRS990/TotalLiabilitiesGrp/EOYAmt06584808
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04748226
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03995752
IRS990/TotalProgramServiceExpensesAmt02285836
IRS990/TotalProgramServiceRevenueAmt02226095
IRS990/TotalReportableCompFromOrgAmt0139760
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02292637
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02841128
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010808630
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010580560
IRS990/TravelGrp/ProgramServicesAmt0146446
IRS990/TravelGrp/TotalAmt0146446
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03722200
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03942676
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt05536670
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt06344649

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,580,560
Liabilities
$6,584,808
Net assets
$3,995,752
Revenue
$2,841,128
Expenses
$3,593,602
Net income
-$752,474
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.37$9.34$0.03$2.30$2.54$0.24
2024Detailed filing. Detailed filing data is available for this year.$9.61$9.76$0.15$4.16$5.57$1.42
2023Detailed filing. Detailed filing data is available for this year.$9.60$8.34$1.26$4.71$5.93$1.22
2022Detailed filing. Detailed filing data is available for this year.$10.6$8.10$2.47$5.53$6.08$0.54
2021Detailed filing. Detailed filing data is available for this year.$10.7$7.59$3.08$4.94$5.75$0.81
2020Detailed filing. Detailed filing data is available for this year.$10.8$7.19$3.57$3.80$4.26$0.46
2019Detailed filing. Detailed filing data is available for this year.$10.8$6.81$4.03$4.05$4.02$0.03
2018Detailed filing. Detailed filing data is available for this year.$10.6$6.58$4.00$2.84$3.59$0.75
2017Summary only. Only limited summary data is available for this year.$10.8$6.06$4.75$4.06$3.75$0.31
2016Summary only. Only limited summary data is available for this year.$9.51$5.07$4.44$5.53$3.96$1.57
2015Summary only. Only limited summary data is available for this year.$7.21$4.34$2.87$3.99$3.82$0.17
2014Summary only. Only limited summary data is available for this year.$6.28$3.58$2.70$3.37$3.37$0.00
2013Summary only. Only limited summary data is available for this year.$5.48$2.78$2.69$4.13$3.49$0.65
2012Summary only. Only limited summary data is available for this year.$4.71$2.66$2.05$3.86$4.00$0.13
2011Summary only. Only limited summary data is available for this year.$2.93$0.75$2.18$3.00$2.20$0.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.44$1.38$2.56