Civic Intelligence

Visible Music College

990 • Fiscal year 2022 • EIN 62-1861520

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 26, 2022

Organization ProfileWWW.VISIBLE.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

87th percentile

0.77x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

1.46x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

17th percentile

-9.8%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

31st percentile

$127,109

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

45th percentile

-0.9%

Faster asset growth than 45% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

12%

Faster revenue growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$10,569,871

Down $101,336 (-0.9%) from 2021

Net Assets

Down

$2,467,185

Down $609,738 (-20%) from 2021

Liabilities

Up

$8,102,686

Up $508,402 (+6.7%) from 2021

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin17th percentile

Revenue

Up

$5,534,233

Up $595,860 (+12%) from 2021

Expenses

Up

$6,078,138

Up $329,299 (+5.7%) from 2021

Net Income

Up

-$543,905

Up $266,561 (+33%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2022

Assets$10,569,871
Liabilities$8,102,686
Net Assets$2,467,185
Open 2022 Filing

Operations Trend

Revenue Growth63rd 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

2022

Revenue$5,534,233
Expenses$6,078,138
Net Income-$543,905
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 26, 2022
Return Version
2021v4.0
Gross Receipts
$5,534,233
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$8,867,544$8,787,594▼ $79,950
Cash and Non-Interest-Bearing Accounts$658,202$733,985▲ $75,783
Accounts Receivable$513,698$517,706▲ $4,008
Pledges and Grants Receivable$200,000$200,000→ $0
Inventories for Sale or Use$39,988$34,988▼ $5,000
Prepaid Expenses and Deferred Charges$43,096$22,800▼ $20,296
Total Assets$10,671,207$10,569,871▼ $101,336
Other Assets Total$348,679$272,798▼ $75,881
Liabilities
Unsecured Notes Loans Payable$6,984,763$7,548,252▲ $563,489
Accounts Payable and Accrued Expenses$257,312$363,359▲ $106,047
Deferred Revenue$352,209$191,075▼ $161,134
Total Liabilities$7,594,284$8,102,686▲ $508,402
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,049,140$2,465,952▼ $583,188
Net Assets With Donor Restrictions$27,783$1,233▼ $26,550
Total Net Assets Fund Balance$3,076,923$2,467,185▼ $609,738
Total Liabilities and Net Assets / Fund Balance$10,671,207$10,569,871▼ $101,336

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,317,372$2,770,034$10,087,406
Equipment$1,125,493$402,678$1,528,171
Land$344,729-$344,729
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ken SteortsPresidentFT$127,109$127,109

Board Members and Trustees

NameTitle
Paula BeasleyChair
Cameron HarveyDirector
Charles LawingDirector
Clay MccormackDirector
Dave PrinceDirector
Eliot MorrisDirector
Ginger WhitehornDirector
Joel OnesimusDirector
John DudasDirector
Lee GibsonDirector
Mike OverlinDirector
Sarah HaizlipDirector
Sheila WhalumDirector
Steve McintyreDirector
Susan PattersonDirector
Will NorrisSecretary
Kristian GluckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$645,161
Program Service Revenue
$4,889,072
Investment Income
$0
Other Revenue
$0
All Other Contributions
$645,161
Change in Net Assets
$-543,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,534,233
Total Revenue per Audited Statements
$5,534,233
Total Revenue per Form 990
$5,534,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,801,363
Salaries, Compensation, and Employee Benefits$2,276,775
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,641,828$339,048-$1,980,876
Fees for Services Other$1,383,600--$1,383,600
Advertising$6,633$416,019-$422,652
Interest-$396,800-$396,800
Occupancy$129,094$220,239-$349,333
Depreciation Depletion-$249,000-$249,000
Payroll Taxes$110,588$27,647-$138,235
Current Officers, Directors, Trustees, and Key Employees-$127,109-$127,109
Information Technology$89,363--$89,363
Fees for Services Legal-$88,683-$88,683
Insurance-$75,282-$75,282
All Other Expenses$3,066$43,815-$46,881
Other Expenses$26,397$10,621-$37,018
Other Employee Benefits$24,444$6,111-$30,555
Travel$9,819$4,800-$14,619
Office Expenses-$8,461-$8,461
Total Functional Expenses$3,696,119$2,382,019$0$6,078,138

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,078,138
Total Expenses per Audited Statements$6,078,138
Total Expenses per Form 990$6,078,138
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
Annual disclosure for covered persons
No
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
No
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

“The institution's process is for the board of trustees and finance committee to review and approve the form 990 prior to filing.”

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

“Enforcement of conflicts policy 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 15A

“The president of the institution approves the salaries and compensation of each department head. Each department head approves the salaries and compensation of their subordinates. The president's salary is reviewed by the board of trustees and/or their finance committee.”

Form 990, Page 6, Part VI, Line 19

“The institution makes its financial statements available throught guidestar or upon request from the public.”

Filing and Contact Details

Filer

Filer Name
Visible Music College
EIN
62-1861520
Phone
9014624137
Address
200 MADISON AVENUE, MEMPHIS, TN 38103

Signing Officer

Name
Ken Steorts
Title
President
Phone
9013813939
Signed
2022-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Steorts
Formed
2000
Legal Domicile
Tn
Voting Board Members
17
Independent Board Members
17
Employees
102

Preparer

Firm
Newsom and Associates Pa
Address
12740 ATLANTIC BLVD STE 7, JACKSONVILLE, FL 32225
Preparer
C Scott Newsom
Phone
9043200572
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract expense 1,383,600 0 0”

Raw XML AppendixShowing 400 of 448 raw XML fields

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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05534233
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt089363
IRS990/InformationTechnologyGrp/TotalAmt089363
IRS990/InsuranceGrp/ManagementAndGeneralAmt075282
IRS990/InsuranceGrp/TotalAmt075282
IRS990/InterestGrp/ManagementAndGeneralAmt0396800
IRS990/InterestGrp/TotalAmt0396800
IRS990/InventoriesForSaleOrUseGrp/BOYAmt039988
IRS990/InventoriesForSaleOrUseGrp/EOYAmt034988
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03172712
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08867544
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08787594
IRS990/LandBldgEquipCostOrOtherBssAmt011960306
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/NetAssetsOrFundBalancesBOYAmt03076923
IRS990/NetAssetsOrFundBalancesEOYAmt02467185
IRS990/NetUnrlzdGainsLossesInvstAmt0-65833
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03049140
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02465952
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0220239
IRS990/OccupancyGrp/ProgramServicesAmt0129094
IRS990/OccupancyGrp/TotalAmt0349333
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08461
IRS990/OfficeExpensesGrp/TotalAmt08461
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0348679
IRS990/OtherAssetsTotalGrp/EOYAmt0272798
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06111
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024444
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030555
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2ACCREDITATION
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0208501
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1159883
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210621
IRS990/OtherExpensesGrp/ProgramServicesAmt0223680
IRS990/OtherExpensesGrp/ProgramServicesAmt147607
IRS990/OtherExpensesGrp/ProgramServicesAmt226397
IRS990/OtherExpensesGrp/TotalAmt0432181
IRS990/OtherExpensesGrp/TotalAmt1159883
IRS990/OtherExpensesGrp/TotalAmt247607
IRS990/OtherExpensesGrp/TotalAmt337018
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0339048
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01641828
IRS990/OtherSalariesAndWagesGrp/TotalAmt01980876
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027647
IRS990/PayrollTaxesGrp/ProgramServicesAmt0110588
IRS990/PayrollTaxesGrp/TotalAmt0138235
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0200000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0200000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043096
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022800
IRS990/PrincipalOfficerNm0KEN STEORTS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04889072
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04889072
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01392656
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt03442713
IRS990/PYOtherRevenueAmt0224400
IRS990/PYProgramServiceRevenueAmt03321317
IRS990/PYRevenuesLessExpensesAmt0-810466
IRS990/PYSalariesCompEmpBnftPaidAmt02306126
IRS990/PYTotalExpensesAmt05748839
IRS990/PYTotalRevenueAmt04938373
IRS990/ReconcilationRevenueExpnssAmt0-543905
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04889072
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07317372
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02770034
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010087406
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01125493
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0402678
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01528171
IRS990ScheduleD/ExpensesSubtotalAmt06078138
IRS990ScheduleD/LandGrp/BookValueAmt0344729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0344729
IRS990ScheduleD/RevenueSubtotalAmt05534233
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08787594
IRS990ScheduleD/TotalExpensesPerForm990Amt06078138
IRS990ScheduleD/TotalRevenuePerForm990Amt05534233
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05534233
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06078138
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 INFORMATION IS PUBLISHED IN THE SCHOOL'S CATALOG THAT IS GIVEN TO ALL PROSPECTIVE STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE INSTITUTION PARTICIPATES IN THE STUDENT FINANCIAL AID PROGRAMS OF TITLE IV ADMINISTERED BY THE U.S. DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTION'S PROCESS IS FOR THE BOARD OF TRUSTEES AND FINANCE COMMITTEE TO REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT OF THE INSTITUTION APPROVES THE SALARIES AND COMPENSATION OF EACH DEPARTMENT HEAD. EACH DEPARTMENT HEAD APPROVES THE SALARIES AND COMPENSATION OF THEIR SUBORDINATES. THE PRESIDENT'S SALARY IS REVIEWED BY THE BOARD OF TRUSTEES AND/OR THEIR FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INSTITUTION MAKES ITS FINANCIAL STATEMENTS AVAILABLE THROUGHT GUIDESTAR OR UPON REQUEST FROM THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT EXPENSE 1,383,600 0 0
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010671207
IRS990/TotalAssetsEOYAmt010569871
IRS990/TotalAssetsGrp/BOYAmt010671207
IRS990/TotalAssetsGrp/EOYAmt010569871
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0645161
IRS990/TotalEmployeeCnt0102
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02382019
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03696119
IRS990/TotalFunctionalExpensesGrp/TotalAmt06078138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07594284
IRS990/TotalLiabilitiesEOYAmt08102686
IRS990/TotalLiabilitiesGrp/BOYAmt07594284
IRS990/TotalLiabilitiesGrp/EOYAmt08102686
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03076923
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02467185
IRS990/TotalProgramServiceExpensesAmt03696119
IRS990/TotalProgramServiceRevenueAmt04889072
IRS990/TotalReportableCompFromOrgAmt0127109
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04889072
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05534233
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010671207

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,569,871
Liabilities
$8,102,686
Net assets
$2,467,185
Revenue
$5,534,233
Expenses
$6,078,138
Net income
-$543,905
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