2024-04-11T12:26:06+00:00 2023-05-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-06-01 833307764 1846 Enterprises Inc 1846 7659985119 236 West Reade Avenue Upland IN 46989 Stephen Olson SECRETARY & TREASURER 2024-04-11 true Stephen Olson 999009999 JENNIFER BURKE P01342224 3128997000 2022 2023-04-26 12:10:37Z D Michael Lindsay 236 West Reade Avenue Upland IN 46989 9805 false X N/A X 2018 IN Support the educational purposes of Taylor University. 4 1 0 2 0 0 0 0 0 2863 9805 2863 9805 0 0 0 0 0 11120 2700 11120 2700 -8257 7105 97407 111294 69336 62195 28071 49099 1846 Enterprises, Inc. was created to support Taylor University through the development of opportunities that may not be specifically educational in nature. false false 0 0 0 1846 Enterprises, Inc. was created by Taylor University to support the University through development of opportunities that may not be specifically educational in nature. 0 true false false false false false false false false false true false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 4 1 false false false false true true true true false false false true true true true false false false false true true IN X Bruce Miller 7659984634 236 West Reade Avenue Upland IN 46989 Dr D Michael Lindsay Chair 1.0 67.0 X X 0 525773 73272 Ron Sutherland Vice Chair 1.0 51.0 X X 0 143843 31140 Stephen Olson Secretary & Treasurer 1.0 51.0 X X 0 156880 33212 Mark Davis Director 1.0 3.0 X 0 0 0 0 826495 137623 0 false true false 0 0 0 0 0 0 0 9805 9805 0 0 0 0 0 0 0 0 0 9805 0 0 9805 2696 2696 0 0 0 0 4 4 0 0 0 0 2700 0 2700 0 2201 2166 0 0 0 0 0 0 0 0 95206 109128 0 0 0 97407 111294 0 0 0 69336 62195 69336 62195 X 28071 49099 28071 49099 97407 111294 X 7105 13923 X false true X true false X X X 1 Taylor University 350868181 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false Investment in 1846 Real Estate - Kershner Commons, LLC 109128 C 109128 Due to Related Organizations 62195 62195 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Organization has received determination letters from the Internal Revenue Service indicating it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes on income related to its exempt purpose. The Organization files the appropriate tax forms in the U.S. federal jurisdiction and the state of Indiana. The accounting guidance for uncertainty in income taxes prescribes the recognition threshold a tax position is required to meet before being recognized in the financial statements. The guidance also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management believes there are no material uncertainties in income taxes. false false false false false false false false false Dr D Michael Lindsay Chair 0 356548 0 166250 0 2975 0 21997 0 51275 0 599045 0 0 Stephen Olson Secretary & Treasurer 0 156520 0 0 0 360 0 9107 0 24105 0 190091 0 0 Ron Sutherland Vice Chair 0 142259 0 0 0 1584 0 8390 0 22749 0 174983 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The compensation of related organization employees is determined by the related organization, Taylor University. The following is used: compensation committee, Independent compensation consultant. Form 990 of other organizations, compensation survey or study, and approval by the independent members of the Board or Executive Committee. Form 990, Part VI, Line 15 Establishing Compensation The Corporation leases all employees from Taylor University. The University has adopted an Executive Compensation and Intermediate Sanctions Policy that ensures that all compensation arrangements with related parties are evaluated and entered at arms' length and that any compensation that is paid to a related party is reasonable and reflects fair market value. The Policy encourages the application of the rebuttable presumption standard of Code Section 4958 and the related Treasury Regulations by (a) excluding any interested party from the decision making process; (b) requiring disinterested Board or committee members to obtain and rely upon comparability data when setting the proposed compensation terms; (c) requiring approval of the transaction in advance by disinterested trustees or committee members; and (d) requiring contemporaneous documentation (i.e., minutes) reflecting the decision and the process by which it was made. In the case of the President's compensation, the Executive Committee of Taylor University (composed entirely of independent members of the University Board of Trustees), is responsible for ensuring that the process outlined above is applied. Form 990, Part VI, Line 6 Classes of members or stockholders The Supported Organization (Taylor University) is the sole Voting Member of the Corporation. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Board of Trustees of Taylor University appoints the Board of Directors of 1846 Enterprises. An appointed director may be removed by vote of the Board of Trustees of Taylor University. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The affirmative vote of the Voting Member shall be required for approval of the following corporate actions: (a) To amend, alter, change, or repeal the Articles of Incorporation; (b) To amend, alter, change, or repeal the Bylaws; (c) To merge or consolidate the Corporation with any entity or entities; (d) To sell, lease, or exchange more than fifty percent (50%) of the property or assets of the Corporation; (e) To engage in any transaction that will result in evidence of the Corporation incurring debt; or (f) To dissolve the Corporation. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body There are no committees with authority to act on behalf of the Board of Directors. Accordingly, this question is answered 'no'. Form 990, Part VI, Line 11b Review of form 990 by governing body The Corporation's independent certified public accounting firm prepared the Form 990, it was reviewed by the Secretary/Treasurer, and finally it was presented to the Board for review prior to filing. The Corporation utilized this process to ensure that its Form 990 received substantive review by directors and professionals with specific knowledge of the Corporation's activities and extensive financial, accounting and tax expertise. Form 990, Part VI, Line 12c Conflict of interest policy The Corporation has adopted a Conflict of Interest Policy that requires directors, officers and key employees to submit an annual conflict of interest disclosure. The annual disclosure requires directors, officers, and key employees to disclose, in writing, any known financial interest that the individual (together with family members) has in any business entity that transacts business with the Corporation. In addition, directors, officers, and key employees are required to immediately disclose any possible conflict of interest that arises mid-year in relation to a proposed transaction. The Conflict of Interest Policy requires that any individual with a conflict be recused from the decision making process, that independent directors or committee members determine that the proposed transaction is in the best interests of the Corporation, and the transaction must be approved by a vote of the independent directors or committee members without the participation of any interested individual. The annual conflict disclosure statements are submitted to, and reviewed by, the Audit Committee chairperson. In addition, the executive staff is responsible for monitoring any possible conflict transactions that arise and managing them to ensure that all transactions represent arms' length, fair market value terms for the benefit of the Corporation. Form 990, Part VI, Line 19 Required documents available to the public The Corporation makes its governing documents and financial statements available to the public upon request, either as printed or an electronic copy, for the same period of disclosure as set forth in IRC section 6104(d). Form 990, Part XI, Line 9 Other changes in net assets or fund balances Gain on Investment in 1846 Real Estate - Kershner Commons, LLC - 13923; Taylor University 1846 S MAIN STREET Upland IN 46989 350868181 Higher Education IN 501(c)(3) 2 NA false Taylor University Broadcasting Inc 1025 W Rudisill Boulevard Fort Wayne IN 46807 351975367 Christian Broadcasting IN 501(c)(3) Type I Taylor University false Taylor University Foundation Inc 236 West Reade Avenue Upland IN 46989 356047122 Support Taylor University IN 501(c)(3) Type I Taylor University false TUCC Inc 15 Center Meeting Road Wilmington DE 19807 841943979 Support Taylor University DE 501(c)(3) Type I Taylor University false TUSO 15 Center Meeting Road Wilmington DE 19807 841953499 Support Taylor University DE 501(c)(3) Type I TUCC Inc false Charitable Remainder Trusts (1) Charitable Trusts CA Taylor University Trust false Charitable Remainder Trusts (10) Charitable Trusts IN Taylor University Trust false Charitable Remainder Trusts (1) Charitable Trusts MI Taylor University Trust false Charitable Remainder Trusts (1) Charitable Trusts MO Taylor University Trust false Charitable Remainder Trusts (1) Charitable Trusts OH Taylor University Trust false Pooled Income Funds (2) Pooled Income Fund DE Taylor University Trust false 1846 Real Estate Kershner Commons LLC 236 West Reade Avenue Upland IN 46989 320166204 Real estate IN 1846 Enterprises Inc C Corporation 13923 188149 1 true false false false false false false false false false false false false true true true false false false false