2024-11-22T10:03:10-06:00 2024-05-31 631035228 JACKSON THORNTON & CO PC PO BOX 96 MONTGOMERY AL 361010096 990 2023-06-01 630329409 FAULKNER UNIVERSITY FAUL 3343867274 5345 ATLANTA HIGHWAY MONTGOMERY AL 361093398 JOSEPH VICKERY VICE PRESIDENT - FINANCE 3343867274 2024-11-21 1 0 CHRISTINE K COOK P00537690 3348347660 2024-11-21 2023 2024-10-15 13:58:12Z JOSEPH VICKERY 5345 ATLANTA HIGHWAY MONTGOMERY AL 361093398 86005715 0 X WWW.FAULKNER.EDU X 1942 AL EDUCATIONAL INSTITUTION 33 30 1033 200 -135081 2430 8127255 22021271 55649974 59733725 1011784 1349674 835100 537027 65624113 83641697 14125214 15412600 0 0 26416672 29167428 19600 0 1281907 25038891 26720160 65600377 71300188 23736 12341509 100457914 115341167 42772777 43161551 57685137 72179616 THE MISSION OF FAULKNER UNIVERSITY IS TO GLORIFY GOD THROUGH EDUCATION OF THE WHOLE PERSON EMPHASIZING INTEGRITY OF CHARACTER IN A CARING CHRISTIAN ENVIRONMENT WHERE EVERY INDIVIDUAL MATTERS EVERY DAY. 0 0 44849113 15412600 55083170 INSTRUCTION, PUBLIC SERVICE AND ACADEMIC SUPPORT-EDUCATIONAL COURSES LEADING TO A COLLEGE DEGREE 10631139 1134461 STUDENT SERVICE - OTHER NON-INSTRUCTIONAL SERVICES PROVIDED FOR STUDENTS 5158933 4650555 AUXILIARY ENTERPRISES - PROVIDED LODGING, BOARD, BOOKS AND RELATED SUPPLIES AND NEEDS FOR STUDENTS AND THE CAMPUS COMMUNITY. 60639185 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 262 0 1033 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 GA X JOSEPH VICKERY 3343867274 5345 ATLANTA HIGHWAY MONTGOMERY AL 36109 SENATOR JABO WAGGONER TRUSTEE 0.00 X 0 0 0 DR BUD STUMBAUGH TRUSTEE 0.00 X 0 0 0 MR TIM RICHARDSON TRUSTEE 0.00 X 0 0 0 DR HENRI MCDANIEL TRUSTEE 0.00 X 0 0 0 JUDGE CAROLE MEDLEY TRUSTEE 0.00 X 0 0 0 MR JASON ISBELL TRUSTEE 0.10 X 5000 0 0 DR MANSEL LONG JR TRUSTEE 0.00 X 0 0 0 MR EDDIE WELCH TRUSTEE 0.00 X 0 0 0 MR BOB LEE TRUSTEE 0.00 X 0 0 0 MR DALE KIRKLAND TRUSTEE CHAIR 0.00 X X 0 0 0 MR FRANK BUTCH JONES TRUSTEE 0.00 X 0 0 0 COMMISSIONER ROY JOHNSON TRUSTEE - PARLIAMENTARIAN 0.00 X 0 0 0 DR MIKE HOUTS TRUSTEE 0.00 X 0 0 0 MR JOSEPH W DONALDSON TRUSTEE 0.00 X 0 0 0 MR MIKE GURGANUS TRUSTEE 0.00 X 0 0 0 MRS CARLTON L FREEMAN TRUSTEE - SECRETARY 0.00 X X 0 0 0 MR MICHAEL S EUBANKS TRUSTEE VICE CHAIR 0.00 X X 0 0 0 MS SCHERRY DOUGLAS TRUSTEE 0.00 X 0 0 0 DR BILLY LAMBERT TRUSTEE 0.00 X 0 0 0 MR JON SYKES TRUSTEE 0.00 X 0 0 0 MR TERRY CAGLE TRUSTEE 0.00 X 0 0 0 MRS MARTHA BURLESON TRUSTEE 0.00 X 0 0 0 MR JASON AKINS TRUSTEE 0.00 X 0 0 0 MR KEN HARRIS JR TRUSTEE 0.00 X 0 0 0 MRS WILMA PHILLIPS TRUSTEE 0.00 X 0 0 0 MR THOMAS SMITH TRUSTEE 0.00 X 0 0 0 DR JEFF LANGHAM TRUSTEE 0.00 X 0 0 0 MR SID AULTMAN TRUSTEE 0.00 X 0 0 0 MR STEVE BRANNAN TRUSTEE 0.00 X 0 0 0 MR BRIAN MITCHELL TRUSTEE 0.00 X 0 0 0 MR ERNIE F CHAPPELL TRUSTEE 0.00 X 0 0 0 MRS RHONDA FERNANDEZ TRUSTEE 0.00 X 0 0 0 MR STANLEY GRAY TRUSTEE 0.00 X 0 0 0 JOSEPH VICKERY VICE PRESIDENT-FINANCE 50.00 X 129066 0 293 D MITCHELL HENRY UNIVERSITY PRESIDENT 60.00 X 292897 0 20929 CHARLES CAMPBELL DEAN-JONES SCHOOL OF LAW 45.00 X 168232 0 10561 JUSTIN BOND DEAN-COLLEGE OF BUSINESS 45.00 X 180269 0 18658 ROSIE KHADANGA PROFESSOR 40.00 X 205230 0 10341 GERALD JONES UNIVERSITY GENERAL COUNSEL 50.00 X 148677 0 20856 AMY OGBURN-OSTER DIRECTOR, SLP PROGRAM 40.00 X 140503 0 20709 MICHAEL DEBOER ASSOCIATE PROFESSOR; ASSOC 40.00 X 140507 0 20783 HEATH WILLINGHAM DIRECTOR, MSC PROGRAM 40.00 X 136472 0 10654 1546853 0 133784 45 0 1 0 CULINARY MANAGEMENT SOLUTIONS 5345 ATLANTA HWY MONTGOMERY AL 36109 CAFETERIA & CATERING SERVICES 1988788 ILAWVENTURES LLC 302 MERCHANTS WALK SUITE 250 TUSCALOOSA AL 35406 MARKETING/RECRUITING 1643527 NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGE GA 30241 MAINTENANCE OUTSOURCING 1556082 HOLLEY MARKETING CONSULTANTS LLC 30 PINE POINT CIR ECLECTIC AL 36024 MARKETING 1130579 EFC SYSTEMS INC 9015 OVERLOOK BLVD BRENTWOOD TN 37027 COMPUTER OUTSOURCING SERVICES 666941 19 216854 3105132 18699285 71486 22021271 AUXILIARY ENTERPRISES 900099 55083170 55083170 TUITION & FEES 900099 4650555 4650555 59733725 1249039 1249039 203934 345915 -141981 -141981 -141981 1564405 1463770 100635 100635 100635 91980 216854 554333 -462353 -462353 OTHER REVENUE 900099 1134461 1134461 SECURITY SERVICE REVENUE 812900 3900 3900 TELEPHONE SERVICE 812900 3000 3000 1141361 83641697 60868186 -135081 887321 15412600 15412600 848093 25671 642606 179816 23377775 20433545 2338629 605601 3271035 2720119 432862 118054 1670525 1389359 220868 60298 21921 21921 73125 73125 138841 138841 1578312 346577 1231735 1152206 787431 341060 23715 1382879 1141566 225133 16180 3431631 2836424 555298 39909 1083885 1010406 51990 21489 342204 186561 152960 2683 3745325 3091766 609739 43820 231372 231372 CONTRACTED SERVICES 4971229 4292897 568949 109383 O & M ALLOCATION TO M&G 3112177 2569103 506662 36412 OTHER EXPENSES 2898064 1895773 1002291 CAFETERIA PURCHASES 1786707 1736242 26584 23881 770282 392932 376684 666 71300188 60639185 9379096 1281907 8336024 8737811 1827341 1323766 4918867 5126821 129346729 66970548 61466091 62376181 22964059 36534425 945532 1242163 100457914 115341167 5101029 5925079 6301876 6310188 30452598 29640135 14966 9931 902308 1276218 42772777 43161551 X 38876819 36354828 18808318 35824788 57685137 72179616 100457914 115341167 12341509 2152970 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20078570 1485760 2765824 877497 23452657 20765132 121225 1095 808882 20078570 21332494 54051 73322 694735 20765132 17838796 159803 3771872 437977 21332494 18492392 139049 333357 1126002 17838796 0.90360 0.09640 0 0 8096644 8096644 79468982 32932914 46536068 33442049 29126024 4316025 8339054 4911610 3427444 62376181 LIABILITIES UNDER AGENCY AGREEMENT 263977 OPERATING LEASE LIABILITY 845044 FINANCE LEASE LIABILITY 167197 1276218 PART V, LINE 4: THE ENDOWMENT FUNDS SUPPORT THE MISSION OF THE UNIVERSITY. PART V, LINE 2 WITHOUT DONOR RESTRICTIONS - 90.36% WITH DONOR RESTRICTIONS - 9.64% 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZES ITS POLICY IN ITS CATALOG AND ON ITS WEBSITE. SCHEDULE E, PART I, LINE 6 US DEPT OF EDUCATION TITLE IV - $485,339 STATE AND LOCAL GRANTS & SCHOLARSHIPS - $2,619,793 THE UNIVERSITY ALSO PARTICIPATES IN ADDITIONAL US DEPT OF EDUCATION TITLE IV PROGRAMS AND STATE OF ALABAMA STUDENT FINANCIAL AID PROGRAMS X X X X X X 0 BENEFIT DINNER 308834 216854 91980 232049 322284 308834 216854 91980 232049 322284 554333 -462353 1 INSTITUTIONAL AID 2121 13997940 FEDERAL AND STATE AID 583 431902 ENDOWED UNIVERSITY SCHOLARSHIPS 54 746062 OUTSIDE FUNDED SCHOLARSHIPS 26 236696 PART I, LINE 2: GRANT FUNDS ARE ONLY AWARDED TO THOSE STUDENTS WHO MEET THE REQUIREMENTS FOR A PARTICULAR GRANT OR GRANTS. ALSO, THEY MUST MEET OUR SATISFACTORY PROGRESS POLICY TO CONTINUE RECEIVING THESE FUNDS, WHETHER IT IS FEDERAL GOVERNMENT OR FAULKNER UNIVERSITY FUNDS. X X X 1 1 X 0 0 0 0 0 0 0 0 0 D MITCHELL HENRY UNIVERSITY PRESIDENT 291139 0 0 0 1758 0 0 0 20929 0 313826 0 0 0 ROSIE KHADANGA PROFESSOR 79494 0 125736 0 0 0 0 0 10341 0 215571 0 0 0 JUSTIN BOND DEAN-COLLEGE OF BUSINESS 109344 0 70919 0 6 0 0 0 18658 0 198927 0 0 0 CHARLES CAMPBELL DEAN-JONES SCHOOL OF LAW 168077 0 0 0 155 0 0 0 10561 0 178793 0 0 0 GERALD JONES UNIVERSITY GENERAL COUNSEL 121959 0 26000 0 718 0 0 0 20856 0 169533 0 0 0 MICHAEL DEBOER ASSOCIATE PROFESSOR; ASSOC 131479 0 9000 0 28 0 0 0 20783 0 161290 0 0 0 AMY OGBURN-OSTER DIRECTOR, SLP PROGRAM 121587 0 18916 0 0 0 0 0 20709 0 161212 0 0 0 A EDUCATIONAL BLDG AUTHORITY OF CITY OF MONTGOMERY 631104797 61304RAA3 2016-08-31 32036728 2016 FACILITIES REVENUE BOND 0 0 0 A 1400000 32036728 2033900 640535 4006401 25355893 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART II, PROCEEDS (F) PURPOSE: TO CONSTRUCT & FURNISH A MEN'S RESIDENCE HALL TO REFUND THE 2007 FACILITIES REVENUE BONDS ISSUED 05/10/2007 AND THE 2011 SPECIAL PROJECT ISSUED 03/03/2011 (10) CAPITAL EXPENDITURES EXPENDED ON MEN'S RESIDENCE HALL FROM ACQUISITION FUND. (11) FUNDS USED TO REFUND PRIOR ISSUES. CULINARY MANAGEMENT SOLUTIONS (CMS) ENTITY MORE THAN 35% OWNED BY JOHN HILL, BOARD OF TRUSTEES 2049165 CMS PROVIDES THE FOOD SERVICE FOR THE CAFETERIA. 0 CAPFINANCIAL PARTNERS LLC SEE PART V 77365 CAPTRUST IS THE REGISTERED INVESTMENT ADVISER TO FAULKNER UNIVERSITY AND THE ASSOCIATED ENDOWMENTS AND RELATED ACCOUNTS 0 WILLIAM FREEMAN FAMILY MEMBER OF CARLTON FREEMAN, SECRETARY FOR THE BOARD OF TRUSTEES 39937 EMPLOYMENT 0 GROVER PLUNKETT FAMILY MEMBER OF ED WELCH, BOARD OF TRUSTEES 57652 EMPLOYMENT 0 FORM 990, SCHEDULE L, PART IV, COLUMN D IN ACCORDANCE WITH APPLICABLE DISCLOSURE REQUIREMENTS, EDWARD WELCH, IS A MINORITY SHAREHOLDER IN THE CAPFINANCIAL GROUP, LLC, THE PARENT COMPANY OF CAPFINANCIAL PARTNERS, LLC (ALSO KNOWN AS CAPTRUST). X 2 44500 FMV X 2 22966 FMV X FURNITURE 1 4020 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RECEIVES A COPY OF FORM 990 DURING THE FALL BOARD MEETING. THE BOARD COPY INCLUDES A REDACTED SCHEDULE B PER BOARD APPROVAL TO NOT DISCLOSE DONOR NAMES AND INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. ALL FORMS ARE REVIEWED BY THE BOARD CHAIR OR VICE CHAIR AND MAINTAINED IN THE OFFICE OF THE UNIVERSITY PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C EXPLANATION THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. FAULKNER UNIVERSITY FOUNDATION 5345 ATLANTA HIGHWAY MONTGOMERY AL 36109 061697483 CHRISTIAN EDUCATION AT FAULKNER UNIVERSITY AL 501(C)(3) 170(B)(1)(A) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1