2026-04-15T08:42:18-05:00 2025-05-31 581304721 LANIGAN & ASSOCIATES P C 314 GORDON AVENUE THOMASVILLE GA 31792 990 2024-06-01 580644897 THOMAS UNIVERSITY THOM 2292261621 1501 MILLPOND RD THOMASVILLE GA 31792 KURT STRINGFELLOW INTERIM PRESIDENT 2292261621 2026-04-15 1 0 JOHN KEILLOR P01315239 2292268320 2024 2025-03-06 01:10:19Z KURT STRINGFELLOW 1501 MILLPOND RD THOMASVILLE GA 31792 23748517 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. 22 21 450 0 0 0 2992773 3421065 17306475 17368163 184210 655649 -7866 -124276 20475592 21320601 2595287 2654559 0 0 11975409 11750631 0 0 0 8785588 7955835 23356284 22361025 -2880692 -1040424 26233851 25222840 9315443 9344279 16918408 15878561 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 7405021 2654559 15821714 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: 466 5381599 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. 1621389 1546449 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. 2654559 531373 2654559 531373 17062568 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 450 1 0 0 0 0 0 1 1 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X WARREN BALLARD 2292261621 1501 MILLPOND RD THOMASVILLE GA 31792 MR BOB RHODES TRUSTEE 1.00 X 0 0 0 MR RANKIN SMITH TRUSTEE 1.00 X 0 0 0 MR PHILIP LEABO VICE CHAIR 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 CHARLES DIXON 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 ERIK VON HELLENS 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 MR JEFF MERSCHMAN TRUSTEE 1.00 X 0 0 0 MRS REBECCA STRICKLAND TRUSTEE 1.00 X 0 0 0 MRS PAT CHOICE TRUSTEE 1.00 X 0 0 0 MR RAY THOMPSON TRUSTEE 1.00 X 0 0 0 MR MARVIN DAWSON TRUSTEE 1.00 X 0 0 0 MS ALYSSA BLAKELY TRUSTEE 1.00 X 0 0 0 DR ANDY SHEPPARD PRESIDENT 55.00 X X 353345 0 32112 KURT STRINGFELLOW VP OF INSTITUTIONAL ADVANCEMENT 55.00 X 129055 0 1612 DR JOHN K MEIS PROVOST 50.00 X 113751 0 12631 SUSAN BACKOFEN VP OF ENROLLMENT 50.00 X 116148 0 15538 DOUG FROOD FORMER CFO 50.00 X 83681 0 5121 STEPHEN FERGUSON VP OF MILITARY/CORPORATE RELATIONS 50.00 X 104000 0 8297 ANGELA UYENO INTERIM CFO 50.00 X 80712 0 5542 980692 0 80853 5 0 1 0 NATIONAL MANAGEMENT RESOURCES 113 CORPORATE PARK E DR LAGRANGE GA 30241 MAINTENANCE SERVICES 631445 NETWORK TECHNOLOGY SOLUTIONS 138 S MADISON STREET THOMASVILLE GA 31792 IT SERVICES 165765 2 2372831 1048234 3421065 TUITION AND FEES 611710 15821714 15821714 AUXILIARY ENTERPRISES 611710 1546449 1546449 17368163 99384 99384 2770056 2213791 556265 556265 556265 89849 214125 -124276 -124276 21320601 17899536 0 0 2654559 2654559 854503 116148 738355 8955668 7762287 1193381 187803 44915 142888 1030328 271340 758988 722329 596921 125408 101493 101493 304336 211276 93060 746410 687789 58621 416185 305488 110697 784256 575661 208595 39654 39654 MAINTENANCE EXPENSE 1263737 944280 319457 SCHOLARSHIP 818469 818469 DUES AND SUBSCRIPTIONS 701019 282431 418588 CONTRACT SERVICES 679142 239832 439310 2101134 1551172 549962 22361025 17062568 5298457 0 489218 1505911 121568 289601 386178 287976 1633921 1607153 60077 60077 4258 50408 26794810 10898225 16126313 15896585 7281237 5386669 131081 138460 26233851 25222840 756204 970167 642001 2326688 7706104 5883388 211134 164036 9315443 9344279 X 11730480 9910996 5187928 5967565 16918408 15878561 26233851 25222840 -1040424 577 0 X X 0 0 1 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7222192 37831 653786 116152 2300000 5497657 6350574 21259 1087534 182850 52325 7222192 6596534 20760 -35887 181275 49558 6350574 6967261 131528 -230084 215640 56529 6596534 5450677 34810 1693079 162840 48466 6967261 0.22441 0.37561 0.39999 0 0 899176 899176 12165969 4290925 7875044 12607329 6607300 6000029 1122336 1122336 15896585 178613 F EQUITY SECURITIES 3933557 F FIXED INCOME SECURITIES 1274499 F 5386669 FUNDS HELD FOR OTHERS 107602 OPERATING LEASE LIABILITY 56434 164036 X 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, 2025 AND MAY 31, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM AUXILIARY SERVICES PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM AUXILIARY SERVICES PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO INDIVIDUALS 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. 1532 312548 2342011 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 353345 0 0 0 0 0 30500 0 1612 0 385457 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 XII, LINE 2(C) THE UNIVERSITY HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSITE OF THE AUDIT AND SELECTION OF AN INDEPENDENT AUDITOR. FORM 990 PART XII, LINE 3(B) THE AUDIT IS IN PROGRESS AND IS SCHEDULED TO BE COMPLETED AFTER APRIL 15, 2026.