2024-01-22T16:39:42-06:00 2023-05-31 631035228 JACKSON THORNTON & CO PC PO BOX 96 MONTGOMERY AL 361010096 990 2022-06-01 630329409 FAULKNER UNIVERSITY FAUL 3343867274 5345 ATLANTA HIGHWAY MONTGOMERY AL 361093398 JOSEPH VICKERY VICE PRESIDENT - FINANCE 3343867274 2024-01-19 1 JOSEPH VICKERY 999009999 0 CHRISTINE K COOK P00537690 3348347660 2024-01-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSEPH VICKERY 5345 ATLANTA HIGHWAY MONTGOMERY AL 361093398 67716248 0 X WWW.FAULKNER.EDU X 1942 AL EDUCATIONAL INSTITUTION 33 29 982 200 82270 9108 15786438 8127255 52190772 55649974 992929 1011784 1167621 835100 70137760 65624113 17513228 14125214 0 0 24964834 26416672 30800 19600 1346822 23750595 25038891 66259457 65600377 3878303 23736 101589206 100457914 43187792 42772777 58401414 57685137 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 40561086 14125214 51022571 INSTRUCTION, PUBLIC SERVICE AND ACADEMIC SUPPORT-EDUCATIONAL COURSES LEADING TO A COLLEGE DEGREE 10765711 1016920 STUDENT SERVICE - OTHER NON-INSTRUCTIONAL SERVICES PROVIDED FOR STUDENTS 4968281 4627403 AUXILIARY ENTERPRISES - PROVIDED LODGING, BOARD, BOOKS AND RELATED SUPPLIES AND NEEDS FOR STUDENTS AND THE CAMPUS COMMUNITY. 56295078 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 1 145 0 982 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 29 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 MR PHILLIP NORTON JR TRUSTEE 0.00 X 0 0 0 JUDGE CAROLE MEDLEY TRUSTEE 0.00 X 0 0 0 MR JASON ISBELL TRUSTEE 0.10 X 100 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 DR JOHN W HILL III 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 JIM CAMPBELL 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 DR MICHAEL D WILLIAMS FORMER UNIVERSITY PRESIDENT 60.00 X 132889 0 11312 JOSEPH VICKERY VICE PRESIDENT-FINANCE 50.00 X 126411 0 1543 D MITCHELL HENRY UNIVERSITY PRESIDENT 60.00 X 178821 0 8982 DAVE KHADANGA DEAN-COLLEGE OF BUSINESS 45.00 X 273671 0 9634 CHARLES CAMPBELL DEAN-JONES SCHOOL OF LAW 45.00 X 166117 0 10116 LEAH FULLMAN DEAN-COLLEGE OF HEALTH SCI 40.00 X 166269 0 1570 ROSIE KHADANGA PROFESSOR 40.00 X 206214 0 9038 GERALD JONES UNIVERSITY GENERAL COUNSEL 50.00 X 151226 0 17680 AMY OGBURN-OSTER DIRECTOR, SLP PROGRAM 40.00 X 149300 0 17254 JUSTIN BOND PROFESSOR; INTERIM DEAN - COLLEGE OF BUSINESS 40.00 X 147548 0 15806 MICHAEL DEBOER ASSOCIATE PROFESSOR; ASSOCIATE DEAN - JONES SCHOOL 40.00 X 133439 0 17704 1832005 0 120639 31 0 1 0 MARSHALL DESIGN BUILD LLC 4437 ATLANTA HWY MONTGOMERY AL 36109 CONTRACTOR 2385944 CULINARY MANAGEMENT SOLUTIONS 5345 ATLANTA HWY MONTGOMERY AL 36109 CAFETERIA & CATERING SERVICES 2010749 NATIONAL MANAGEMENT RESOURCES PO BOX 1224 LAGRANGE GA 30241 MAINTENANCE OUTSOURCING 1499945 ILAWVENTURES LLC 302 MERCHANTS WALK SUITE 250 TUSCALOOSA AL 35406 MARKETING/RECRUITING 1297108 EFC SYSTEMS INC 9015 OVERLOOK BLVD BRENTWOOD TN 37027 COMPUTER OUTSOURCING SERVICES 1109710 17 451775 2076831 5598649 54945 8127255 AUXILIARY ENTERPRISES 900099 51022571 51022571 TUITION & FEES 900099 4627403 4627403 55649974 948975 948975 289852 230982 58870 58870 58870 1564490 1492969 8712 71521 -8712 62809 62809 95382 451775 359472 -264090 -264090 OTHER REVENUE 900099 1016920 1016920 SECURITY SERVICE REVENUE 812900 23400 23400 1040320 65624113 56666894 82270 747694 14125214 14125214 1038600 40964 818670 178966 20611058 18684676 1313801 612581 3290051 2848686 318150 123215 1476963 1278827 142823 55313 21030 21030 62570 62570 19600 19600 399794 399373 421 1563295 1080258 483037 1055001 667745 341623 45633 1410433 1155850 238504 16079 3224367 2642369 545240 36758 658592 629587 25105 3900 320215 185373 131650 3192 3703252 3034815 626220 42217 300507 300507 CONTRACTED SERVICES 3650710 2980556 507277 162877 OTHER EXPENSES 3239216 1810024 1429192 O & M ALLOCATION TO M&G 2722457 2231053 460368 31036 CAFETERIA PURCHASES 1778062 1737881 26286 13895 929390 461320 466931 1139 65600377 56295078 7958477 1346822 6704312 8336024 1662489 1827341 4911830 4918867 124691314 63225223 63901648 61466091 23675518 22964059 733409 945532 101589206 100457914 5774976 5101029 5526996 6301876 31186071 30452598 19905 14966 679844 902308 43187792 42772777 X 35885266 38876819 22516148 18808318 58401414 57685137 101589206 100457914 23736 -740013 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20765132 121225 1095 808882 20078570 21332494 54051 73322 694735 20765132 17838796 159803 3771872 437977 21332494 18492392 139049 333357 1126002 17838796 18900746 206708 47904 662966 18492392 0.89380 0.10620 0 0 8096644 8096644 79017303 31079912 47937391 32559043 27265542 5293501 5018324 4879769 138555 61466091 LIABILITIES UNDER AGENCY AGREEMENT 257725 OPERATING LEASE LIABILITY 430840 FINANCE LEASE LIABILITY 213743 902308 PART V, LINE 4: THE ENDOWMENT FUNDS SUPPORT THE MISSION OF THE UNIVERSITY. PART V, LINE 2 WITHOUT DONOR RESTRICTIONS - 89.38% WITH DONOR RESTRICTIONS - 10.62% 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 - $572,209 STATE AND LOCAL GRANTS & SCHOLARSHIPS - $1,504,622 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 GARRETT GROUP 401 CYPRESS STREET SUITE 414 ABILENE TX 79601 ESTATE PLANNING 0 0 19600 -19600 19600 -19600 BENEFIT DINNER 547157 451775 95382 237347 122125 547157 451775 95382 237347 122125 359472 -264090 1 INSTITUTIONAL AID 1383 12944494 FEDERAL AND STATE AID 554 399385 ENDOWED UNIVERSITY SCHOLARSHIPS 43 683959 OUTSIDE FUNDED SCHOLARSHIPS 7 13579 SSARP GRANT 55 83797 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 DAVE KHADANGA DEAN-COLLEGE OF BUSINESS 273592 0 0 0 79 0 0 0 9634 0 283305 0 0 0 ROSIE KHADANGA PROFESSOR 205214 0 1000 0 0 0 0 0 9038 0 215252 0 0 0 D MITCHELL HENRY UNIVERSITY PRESIDENT 177921 0 0 0 900 0 0 0 8982 0 187803 0 0 0 CHARLES CAMPBELL DEAN-JONES SCHOOL OF LAW 164962 0 1000 0 155 0 0 0 10116 0 176233 0 0 0 GERALD JONES UNIVERSITY GENERAL COUNSEL 150788 0 0 0 438 0 0 0 17680 0 168906 0 0 0 LEAH FULLMAN DEAN-COLLEGE OF HEALTH SCI 151857 0 0 0 14412 0 0 0 1570 0 167839 0 0 0 AMY OGBURN-OSTER DIRECTOR, SLP PROGRAM 149300 0 0 0 0 0 0 0 17254 0 166554 0 0 0 JUSTIN BOND PROFESSOR; INTERIM DEAN - COLLEGE OF 146548 0 1000 0 0 0 0 0 15806 0 163354 0 0 0 MICHAEL DEBOER ASSOCIATE PROFESSOR; ASSOCIATE DEAN 133411 0 0 0 28 0 0 0 17704 0 151143 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 630000 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 1998497 CMS PROVIDES THE FOOD SERVICE FOR THE CAFETERIA. 0 CAPFINANCIAL PARTNERS LLC SEE PART V 64326 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 EMPLOYMENT 0 GROVER PLUNKETT FAMILY MEMBER OF ED WELCH, BOARD OF TRUSTEES 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 54945 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