2024-04-17T11:27:00-05:00 2023-06-30 620788068 PURYEAR & NOONAN CPAS 40 BURTON HILLS BLVD STE 170 NASHVILLE TN 37215 990 2022-07-01 263586792 NEW COLLEGE FRANKLIN INC NEWC 6158158360 PO BOX 1575 FRANKLIN TN 37065 GREGORY WILBUR PRESIDENT 6158158360 2024-04-11 1 GREGORY WILBUR 999009999 1 MARILYN PLACE EA P01360716 6152960500 2024-04-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREGORY WILBUR PO BOX 1575 FRANKLIN TN 37065 639951 0 X WWW.NEWCOLLEGEFRANKLIN.ORG X 2008 TN UNDER THE LORDSHIP OF CHRIST, NEW COLLEGE FRANKLIN DISCIPLES STUDENTS THROUGH THE LIBERAL ARTS FOR WISDOM AND MISSIONAL LIVING. 6 5 18 5 0 0 141126 217639 374749 422037 20 275 0 0 515895 639951 86822 87066 0 0 308750 353547 0 0 0 106939 137442 502511 578055 13384 61896 149226 211724 8210 8812 141016 202912 UNDER THE LORDSHIP OF CHRIST, NEW COLLEGE FRANKLIN DISCIPLES STUDENTS THROUGH THE LIBERAL ARTS FOR WISDOM AND MISSIONAL LIVING. 0 0 259816 87066 422037 THE ORGANIZATION OFFERS BIBLICAL POSTSECONDARY EDUCATION TO STUDENTS IN A FOUR YEAR BACHELOR'S OF ARTS DEGREE PROGRAM. 259816 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 6158158360 PO BOX 1575 FRANKLIN TN 37065 STEPHEN CRAMPTON TRUSTEE 0.00 X 0 0 0 GREGORY WILBUR PRESIDENT 30.00 X X 47800 0 0 ANDY PATTON CHAIRMAN 0.00 X X 0 0 0 BRIAN DRISKELL TRUSTEE 0.00 X 0 0 0 DAVE RAYMOND SECRETARY 0.00 X X 0 0 0 KIMBELL KORNU TRUSTEE 0.00 X 0 0 0 47800 0 0 0 0 0 0 0 217639 33788 217639 TUITION 611310 413057 413057 OTHER PROGRAM INCOME 611310 8980 8980 422037 275 275 639951 422037 0 275 87066 87066 52031 15609 36422 276392 88947 187445 25124 7998 17126 13256 13256 1225 1225 11859 11859 10709 2647 8062 673 673 9292 2788 6504 6219 6219 2205 1874 331 3282 3282 SUPPLIES & OTHER EXPENS 34058 24143 9915 DUES & SUBSCRIPTIONS 20202 20202 LIBRARY 12915 12915 MEALS & ENTERTAINMENT 9177 9177 2370 433 1937 578055 259816 318239 0 60746 93146 60611 100886 7973 0 1000 1000 12109 7737 6576 4372 12320 12320 149226 211724 5069 0 3141 8812 8210 8812 X 88748 78085 52268 124827 141016 202912 149226 211724 61896 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12109 7737 4372 4372 LIBRARY ASSET 12320 12320 X 663951 24000 24000 639951 0 639951 602055 24000 24000 578055 0 578055 PART X, LINE 2: THE ORGANIZATION FOLLOWS FASB 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS. FOR ALL TAX POSITIONS TAKEN BY THE ORGANIZATION, MANAGEMENT BELIEVES IT IS CLEAR THAT THE LIKELIHOOD IS GREATER THAN 50% THAT THE FULL AMOUNT OF THE TAX POSITION TAKEN WILL BE ULTIMATELY REALIZED. THEREFORE, MANAGEMENT BELIEVES THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FOR THE THREE MOST RECENT YEARS FILED, OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S TAX RETURN. THE ORGANIZATION IDENTIFIES ITS MAJOR TAX JURISDICTIONS AS THE U.S. FEDERAL AND THE STATE OF TENNESSEE. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY EITHER OF THESE JURISDICTIONS. AS OF JUNE 30, 2023, THE ORGANIZATION HAS INCURRED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION HAS THE FOLLOWING ON ITS WEBSITE: "NEW COLLEGE FRANKLIN ADMITS STUDENTS OF ANY RACE, COLOR AND NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT NEW COLLEGE FRANKLIN. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES OR ANY OTHER SCHOOL-ADMINISTERED PROGRAMS." 1 SCHOLARSHIPS 20 87066 PART I, LINE 2: NEW COLLEGE FRANKLIN OFFERS TWO KINDS OF SCHOLARSHIPS - ACADEMIC AND NEED BASED. ACADEMIC SCHOLARSHIPS ARE AWARDED TO FIRST TIME, FULL TIME STUDENTS WHO MEET CERTAIN STANDARDS. ACADEMIC SCHOLARSHIPS ARE AUTOMATICALLY RENEWED FOR UP TO FOUR CONSECUTIVE YEARS AS LONG AS THE STUDENT MAINTAINS A CUMULATIVE GPA OF 3.3 OR GREATER AND REMAINS IN GOOD STANDING FOR THE BA DEGREE. NEED BASED SCHOLARSHIPS ARE AWARDED ANNUALLY TO CURRENT AND INCOMING STUDENTS WHO COMPLETE THE FINANCIAL AID APPLICATION AND DEMONSTRATE SIGNIFICANT FINANCIAL NEED. ELEANOR WILBUR CHILD OF PRESIDENT GREG WILBUR 1510 SCHOLARSHIP TUITION PART III THE ORGANIZATION HAS A WRITTEN POLICY THAT STATES STUDENTS WHO ARE RELATED TO MEMBERS OF THE BOARD OF TRUSTEES SHOULD NOT BE PUNISHED FOR THEIR FAMILY RELATIONSHIPS. IN FACT, FAMILY MEMBERS WHO CHOSE TO ATTEND NCF DEMONSTRATE THEIR AUTHENTIC COMMITMENT TO THE INSTITUTION. THEREFORE, ALL APPLICANTS WILL BE TREATED FAIRLY AND CONSISTENTLY ACCORDING TO THE ESTABLISHED GUIDELINES OF EACH. ADMISSIONS APPLICANTS MUST SUBMIT ALL MATERIALS AND MEET ALL MINIMUM REQUIREMENTS BEFORE BEING ACCEPTED INTO NCF, REGARDLESS OF FAMILIAL RELATIONSHIP WITH MEMBERS OF THE ORGANIZATION. LIKEWISE, APPLICANTS OF THE ACADEMIC AND/OR NEED BASED SCHOLARSHIPS MUST MEET THE SAME STANDARDS AS ANY OTHER INDIVIDUAL WITHIN THE ORGANIZATION.TO ENSURE TRANSPARENCY IN SCHOLARSHIPS AWARDED TO FAMILY MEMBERS OF TRUSTEES OR ADMINISTRATION PERSONS, SUPPORTING EVIDENCE FOR THE APPROPRIATENESS OF EACH SCHOLARSHIP SHOULD BE MAINTAINED IN THE STUDENT FILE. IN ADDITION, AN EXCEL SPREADSHEET OF ALL SCHOLARSHIPS AWARDED FOR THE YEAR SHOULD BE MAINTAINED AND PROVIDED TO THE FULL BOARD OF TRUSTEES ANNUALLY IN AUGUST. X 12075 COST X 21713 COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE DEAN AND FINANCIAL PERSONNEL AND A COPY IS PROVIDED TO THE GOVERNING BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SECRETARY OF THE BOARD SHALL MAINTAIN COMPLETED 'CONFLICT OF INTEREST FORMS, AND REVIEW ALL POTENTIAL AGREEMENTS/CONTRACTS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. IN THE EVENT THAT A POTENTIAL CONFLICT OF INTEREST IS DISCOVERED, ALL MEMBERS OF THE BOARD SHALL BE NOTIFIED, AND IF IT MEETS THE MANNER OF APPROVAL, IS BENEFICIAL TO THE ORGANIZATION, AND AGREED UPON BY THE BOARD, SHALL BE APPROVED. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD APPROVES THE ANNUAL SALARY OF ITS DEAN AND OTHER PERSONNEL. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST