2025-05-01T15:57:33-05:00 2024-05-31 581304721 LANIGAN & ASSOCIATES P C 314 GORDON AVENUE THOMASVILLE GA 31792 990 2023-06-01 580644897 THOMAS UNIVERSITY THOM 2292261621 1501 MILLPOND RD THOMASVILLE GA 31792 ANGELA UYENO INTERIM CFO 2292261621 2025-05-01 1 0 JOHN KEILLOR P01315239 2292268320 2023 2025-03-06 01:10:19Z ANGELA UYENO 1501 MILLPOND RD THOMASVILLE GA 31792 23854639 0 X WWW.THOMASU.EDU X INSTITUTION OF HIGHER EDUCATION 1950 GA THOMAS UNIVERSITY IS AN INDEPENDENT, NOT FOR PROFIT, INSTITUTION OF HIGHER EDUCATION WITH UNDERGRADUATE AND GRADUATE PROGRAMS THAT PREPARE STUDENTS FOR SUCCESSFUL CAREERS AND RESPONSIBLE CITIZENSHIP IN A RAPIDLY CHANGING AND COMPLEX WORLD. 21 20 423 0 0 0 2763003 3993063 16828719 18107932 181289 267650 5594 50107 19778605 22418752 2589249 2594537 0 0 10587063 11967757 0 0 0 6966135 8386611 20142447 22948905 -363842 -530153 24739402 27856340 5969303 8675707 18770099 19180633 THOMAS UNIVERSITY IS AN INDEPENDENT, NOT FOR PROFIT, INSTITUTION OF HIGHER EDUCATION WITH UNDERGRADUATE AND GRADUATE PROGRAMS THAT PREPARE STUDENTS FOR SUCCESSFUL CAREERS AND RESPONSIBLE CITIZENSHIP IN A RAPIDLY CHANGING AND COMPLEX WORLD. 0 0 6636151 2594537 16791248 THE PRIMARY EXEMPT PURPOSE OF THOMAS UNIVERSITY IS TO PROVIDE EDUCATIONAL AND GENERAL INSTRUCTION SERVICES THROUGH A DYNAMIC LEARNING ENVIRONMENT. INNOVATIVE MODELS FOR REACHING LEARNERS BY FACULTY AND STAFF. OFFERING ASSOCIATE'S, BACHELOR'S, AND MASTER'S DEGREES, OUR HIGHEST GOAL IS TO PROVIDE AN EDUCATIONAL EXPERIENCE THAT EXPLORES AND DEVELOPS EACH STUDENT'S FULL POTENTIAL. NUMBER OF GRADUATES FOR THE FISCAL YEAR: 449 6629298 STUDENT SERVICES - A THOMAS UNIVERSITY EDUCATION INCLUDES CURRICULAR AND CO-CURRICULAR EXPERIENCES WHICH INCREASE THE TRAJECTORY OF A STUDENT'S DEVELOPMENT SOCIALLY, PHYSICALLY, CULTURALLY, AND INTELLECTUALLY. AS A RESULT, THE OVERALL STUDENT EXPERIENCE IS ONE WHICH GIVES STUDENTS THE OPPORTUNITY TO TEST THE THEORETICAL IN REAL WORLD APPLICATIONS, THUS PREPARING THEM FOR LIFE BEYOND HIGHER EDUCATION. THESE SERVICES INCLUDE ATHLETICS, PLACEMENT REGISTRAR, FINANCIAL AID, SECURITY, BUSINESS OFFICE AND OTHER SUPPORT TO CURRENT AND FORMER STUDENTS. ENROLLED STUDENTS MAY BECOME INVOLVED IN ONE OF THE MANY DIFFERENT STUDENT ORGANIZATIONS. 1497986 1316684 THE UNIVERSITY CONDUCTED AUXILIARY PROGRAMS FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF, AND THE AT-LARGE COMMUNITY. THESE PROGRAMS CONSIST OF STUDENT HOUSING, FOOD SALES, AND ATHLETIC CAMPS. 2647636 317757 2647636 317757 17411071 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 423 1 0 0 0 0 0 1 1 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X ANGELA UYENO 2292261621 1501 MILLPOND RD THOMASVILLE GA 31792 MR RICHARD COMSTOCK TRUSTEE 1.00 X 0 0 0 MR RANKIN SMITH TRUSTEE 1.00 X 0 0 0 MR CHARLES DIXON TRUSTEE 1.00 X 0 0 0 MR STEPHEN CHENEY TRUSTEE 1.00 X 0 0 0 MR GENE LORD TRUSTEE 1.00 X 0 0 0 MR JEREMY JONES TRUSTEE 1.00 X 0 0 0 MR GEORGE LILLY II TRUSTEE 1.00 X 0 0 0 MR CLINT KADEL CHAIR 1.00 X 0 0 0 MR JEFF MERSCHMAN TRUSTEE 1.00 X 0 0 0 MRS EVE RUMBLE TRUSTEE 1.00 X 0 0 0 MR WILSON CARRAWAY TRUSTEE 1.00 X 0 0 0 MR VANN MIDDLETON TRUSTEE 1.00 X 0 0 0 MR RANDY RHEA TRUSTEE 1.00 X 0 0 0 MS KATHY VIGNOS TRUSTEE 1.00 X 0 0 0 MR SCOTT RICH TRUSTEE 1.00 X 0 0 0 MRS REBECCA STRICKLAND TRUSTEE 1.00 X 0 0 0 MR RAY THOMPSON TRUSTEE 1.00 X 0 0 0 MRS PAT CHOICE TRUSTEE 1.00 X 0 0 0 MR PHILIP LEABO VICE CHAIR 1.00 X 0 0 0 MR MARVIN DAWSON TRUSTEE 1.00 X 0 0 0 DR ANDY SHEPPARD PRESIDENT 55.00 X X 271133 0 21428 DR JOHN K MEIS PROVOST 50.00 X 101003 0 7593 MRS SUSAN BACKOFEN VICE PRESIDENT OF ENROLLME 50.00 X 114205 0 15514 MR KURT STRINGFELLOW VICE PRESIDENT OF INSTITUT 50.00 X 124876 0 869 MR RANDY LIVINGSTON FORMER SENIOR VP OF FINANCE & ADMINISTRATION 50.00 X 132676 0 15774 743893 0 61178 5 1 1 0 BARBER CONTRACTING COMPANY 110 1ST ST SE MOULTRIE GA 31768 552604 RAYMOND C FINGER ARCHITECTS 1203 E CLAY ST THOMASVILLE GA 31792 391075 SOUTHEASTERN FIELD CONSTRUCTION 59551 ROSEMARY CHURCH RD METTER GA 30439 285674 SCOGGINS DOZER INC 305 BAYBROOK ST THOMASVILLE GA 31792 170530 4 1787993 2205070 145580 3993063 TUITION AND FEES 611710 16791248 16791248 AUXILIARY ENTERPRISES 611710 1316684 1316684 18107932 175922 175922 1301332 6525 1151631 64498 149701 -57973 91728 91728 269865 219758 50107 50107 22418752 18425689 0 0 2594537 2594537 711049 114205 596844 8943492 7546750 1396742 346466 22574 323892 1228736 265770 962966 738014 604062 133952 53099 53099 289284 284507 4777 461650 334850 126800 627062 570713 56349 338943 247475 91468 820833 599321 221512 28829 28829 MAINTENANCE EXPENSE 1324679 994007 330672 MEALS AND ENTERTAINMENT 861187 819556 41631 DUES AND SUBSCRIPTIONS 793982 300414 493568 SCHOLARSHIP 631841 631259 582 2155222 1427972 727250 22948905 17411071 5537834 0 1918316 501731 42558 121568 159636 1388251 844020 2241824 58763 60077 11093 4258 26240282 10113969 15242386 16126313 6310196 7281237 152434 131081 24739402 27856340 987234 759204 243673 -645 4550937 7706104 187459 211044 5969303 8675707 X 14242942 12832587 4527157 6348046 18770099 19180633 24739402 27856340 X -530153 762074 178613 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6350574 20909 1086708 183667 53099 7221425 6596534 20760 -35887 181275 49558 6350574 6967261 131528 -230084 215640 56529 6596534 5450677 34810 1693079 162840 48466 6967261 5661576 23840 406181 593703 47217 5450677 0.44867 0.25738 0.29395 0 0 899176 899176 12157044 3982142 8174902 12487900 6131827 6356073 696162 696162 16126313 178613 F EQUITY SECURITIES 5151734 F FIXED INCOME SECURITIES 1950890 F 7281237 FUNDS HELD FOR OTHERS 154610 OPERATING LEASE LIABILITY 56434 211044 X 20931561 940687 219758 1160445 19771116 2647636 2647636 22418752 20521027 219758 219758 20301269 2647636 2647636 22948905 PART V, LINE 4: THE UNIVERSITY ENDOWMENT FUND IS TO PROVIDE ANNUAL INCOME FOR PROGRAMS, STUDENT SCHOLARSHIPS AND SPECIFIC PURPOSES AS DESIGNATED BY THE DONORS. PART X, LINE 2: THE UNIVERSITY HAS IMPLEMENTED THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD DURING THE YEARS ENDED MAY 31, 2024 AND MAY 31, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM AUXILIARY SERVICES 219,758. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 2,594,537. INVESTMENT FEES 53,099. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM AUXILIARY SERVICES 219,758. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 2,594,537. INVESTMENT FEES 53,099. PART XI AND PART XII, LINES 2D GRANTS TO INDIVIDUALS AND COST OF GOODS SOLD FROM AUXILIARY SERVICES WERE NOT INCLUDED IN THE EXPENSES ON THE STATEMENT OF ACTIVITIES OF THE 990. PART XI AND PART XII, LINES 4B GRANTS TO INDIVIDUALS AND COST OF GOODS SOLD FROM AUXILIARY SERVICES WERE NOT INCLUDED IN THE REVENUES ON THE STATEMENT OF ACTIVITIES OF THE 990. 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 PUBLISHES ITS NONDISCRIMINATION POLICY IN THE UNIVERSITY CATALOG, PUBLICATIONS AND ADVERTISING PROGRAMS. SCHEDULE E, PART I, LINE 6 PURSUANT TO ALL ALLICABLE FEDERAL ANTI-DISCRIMINATION LAWS AND REGULATIONS, THOMAS UNIVERSITY DOES NOT DISCRIMINATE AGAINST ANY OF THE PROTECTED CATEGORIES OF INDIVIDUALS IN THE ADMINISTRATION OF ITS POLICIES, PROGRAMS OR ACTIVITIES. THIS NON-DISCRIMITORY POLICY INCLUDES ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, EMPLOYMENT PRACTICES, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. 1 SCHOLARSHIPS AND ASSISTANCE FOR STUDENTS ATTENDING THOMAS UNIVERSITY. 740 382303 2212234 FAIR MARKET VALUE SCHOLARSHIPS AND ASSISTANCE FOR STUDENTS ATTENDING THOMAS UNIVERSITY ARE PROVIDED AT THE ESTIMATED FAIR MARKET OF VALUE OF ATTENDANCE. PART I, LINE 2: THE UNIVERSITY DETERMINES THE ELIGIBILITY FOR EACH STUDENT'S NEEDS AND THE AWARDS ARE CREDITED TO THE STUDENT'S ACCOUNT. THE UNIVERSITY MONITORS THE STUDENT'S CONTINUED ELIGIBILITY TO RECEIVE THE ASSISTANCE. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR ANDY SHEPPARD PRESIDENT 271133 0 0 0 0 0 14139 0 7289 0 292561 0 0 0 MR RANDY LIVINGSTON FORMER SENIOR VP OF FINANCE & ADMINI 132676 0 0 0 0 0 8485 0 7289 0 148450 0 0 0 X AVIATION EQUIPMENT 75 145580 APPRAISAL 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE COMPLETED ANNUALLY AND COPIES WILL BE PROVIDED TO THE ENTIRE GOVERNING BOARD AS WELL AS THE PRESIDENT OF THE UNIVERSITY. AT THAT TIME THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER WILL REVIEW THE FORM 990 WITH THE FINANCE COMMITTEE. ONCE ALL NECESSARY CHANGES ARE MADE AND THE PRESIDENT IS IN AGREEMENT WITH THE FINANCE COMMITTEE AND THE CHIEF FINANCIAL OFFICER ON THE FINISHED FORM 990, IT WILL BE SIGNED BY THE CHIEF FINANCIAL OFFICER, DATED AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WILL BE PROVIDED TO ALL THE OFFICERS AND TRUSTEES BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY SHALL BE DISTRIBUTED ANNUALLY TO THE UNIVERSITY TRUSTEES, ADVISORY COMMITTEES AND KEY EMPLOYEES. ANY CHANGE TO THE DISCLOSURE OF CONFLICT OF INTEREST ARE REQUESTED AT TRUSTEE AND COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES ALL THESE ELEMENTS (1) REVIEW AND APPROVAL OF THE COMPENSATION COMMITTEE OF THE UNIVERSITY: (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 178,613. FORM 990 PART XII, LINE 2(C) THE UNIVERSITY HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSITE OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR.