Nonprofit · EIN 62-0511454
HIWASSEE COLLEGE INC
Tax-exempt · ALCOA, TN 37701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $125,403 | $52,848 | $72,555 | $7,275,982 | $0 | $7,275,982 |
| June 30, 2024 | 990 | $109,943 | $54,319 | $55,624 | $6,691,323 | $0 | $6,691,323 |
| June 30, 2023 | 990 | $69,251 | $60,701 | $8,550 | $6,210,715 | $0 | $6,210,715 |
| June 30, 2021 | 990 | $4,384,241 | $624,709 | $3,759,532 | $6,263,904 | $0 | $6,263,904 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $125,403
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $28,048
- Accounting fees
- $3,450
- Program services (functional)
- $17,447
- Management and general (functional)
- $35,401
Balance sheet and other
- Total assets, start of year
- $6,691,323
- Total assets, end of year
- $7,275,982
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,275,982
- Net assets without donor restrictions
- -$3,544,361
- Net assets with donor restrictions
- $10,820,343
- Gross receipts
- $125,403
- Employees
- 0
- Year formed
- 1849
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATSY Q CARSON | TRUSTEE Trustee or director | – | $0 |
| RICK CHERRY | TRUSTEE Trustee or director | – | $0 |
| JASON GATTIS | TRUSTEE Trustee or director | 1 | $0 |
| DR WILLIAM EDDIE HARMON | SECRETARY Trustee or director | – | $0 |
| DR DAVID E HOUSEMAN | TRUSTEE Trustee or director | – | $0 |
| REV CHARLES MAYNARD | TRUSTEE Trustee or director | – | $0 |
| DR JACK PHOTON | TRUSTEE Trustee or director | – | $0 |
| BISHOP MARY VIRGINIA TAYLOR | TRUSTEE Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATSY Q CARSON | TRUSTEE Trustee or director | 1 | $0 |
| RICK CHERRY | TRUSTEE Trustee or director | 1 | $0 |
| JASON GATTIS | TRUSTEE Trustee or director | 1 | $0 |
| DR WILLIAM EDDIE HARMON | SECRETARY Trustee or director | 1 | $0 |
| DR DAVID E HOUSEMAN | TRUSTEE Trustee or director | 1 | $0 |
| REV CHARLES MAYNARD | TRUSTEE Trustee or director | 1 | $0 |
| DR JACK PHOTON | TRUSTEE Trustee or director | 1 | $0 |
| BISHOP MARY VIRGINIA TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATSY Q CARSON | TRUSTEE Trustee or director | 1 | $0 |
| RICK CHERRY | TRUSTEE Trustee or director | 1 | $0 |
| JASON GATTIS | TRUSTEE Trustee or director | 1 | $0 |
| DR WILLIAM EDDIE HARMON | SECRETARY Trustee or director | 1 | $0 |
| DR DAVID E HOUSEMAN | TRUSTEE Trustee or director | 1 | $0 |
| REV CHARLES MAYNARD | TRUSTEE Trustee or director | 1 | $0 |
| DR JACK PHOTON | TRUSTEE Trustee or director | 1 | $0 |
| BISHOP MARY VIRGINIA TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2021: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR ROBIN J TRICOLI | PRESIDENT Trustee or director | 40 | $4,230 |
| PATSY Q CARSON | TRUSTEE Trustee or director | 1 | $0 |
| DR JACK RHOTON | TRUSTEE Trustee or director | 1 | $0 |
| DR WILLIAM EDDIE HARMON | SECRETARY OF BOARD Trustee or director, Officer | 1 | $0 |
| SARAH MOZLEY | TRUSTEE Trustee or director | 1 | $0 |
| REVEREND CHARLES MAYNARD | TRUSTEE Trustee or director | 1 | $0 |
| RICHARDIA PIERCE | TRUSTEE Trustee or director | 1 | $0 |
| BISHOP MARY VIRGINIA TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
| JOHN D WOOD | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| DOUGLAS W HULME | TRUSTEE Trustee or director | 1 | $0 |
| BRENDA MALONE | TRUSTEE Trustee or director | 1 | $0 |
| J CAREY MCHUGH | TREASURER Trustee or director, Officer | 1 | $0 |
| DR DAVID E HOUSEMAN | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| REVEREND JASON N GATTIS SR | TRUSTEE Trustee or director | 1 | $0 |
| DR JOHN FORGETY | TRUSTEE Trustee or director | 1 | $0 |
| DR REUBEN N PELOT III | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 905, ALCOA, TN 37701-0905
- Principal officer (990 for 2024)
- JASON GATTIS, PO BOX 905, ALCOA, TN 37701
- Signed the 990
- JASON GATTIS, TRUSTEE
- Phone
- (865) 982-1427
- Return prepared by
- WARRENJACKSON CPAS PLLC
Mission
A LIBERAL ARTS COLLEGE FOUNDED IN 1849 AND ASSOCIATED WITH THE UNITED METHODIST CHURCH, PROVIDING QUALITY EDUCATION FOR ALL STUDENTS IN AN ATOMOSPHERE THAT PROMOTES INTELLECTUAL PURSUIT, SPIRITUAL GROWTH AND PERSONAL RESPONSIBILITY.
Program accomplishments
- THE COLLEGE OFFICIALLY CLOSED OPERATIONS IN MAY 2019. THE COLLEGE IS IN THE FINAL STAGES OF SELLING ASSETS AND PAYING LIABILITIES.Expenses $17,447
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0511454
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1942
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,275,982
- Income (IRS master file)
- $125,403
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $125,403 | $52,848 | $7,275,982 | IRS |
| 990 | June 2024 | $109,943 | $54,319 | $6,691,323 | XML |
| 990 | June 2023 | $69,251 | $60,701 | $6,210,715 | XML |
| 990 | June 2022 | $14,450 | $35,174 | $5,895,752 | IRS |
| 990 | June 2021 | $4,384,241 | $624,709 | $6,263,904 | XML |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-0511454).
Questions about HIWASSEE COLLEGE INC
- What is the EIN of HIWASSEE COLLEGE INC?
- The employer identification number (EIN) of HIWASSEE COLLEGE INC is 62-0511454.
- Is HIWASSEE COLLEGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1942.
- Are donations to HIWASSEE COLLEGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HIWASSEE COLLEGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HIWASSEE COLLEGE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HIWASSEE COLLEGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HIWASSEE COLLEGE INC?
- The 990 for the year ended June 30, 2025 names JASON GATTIS.
- Who are the officers and directors of HIWASSEE COLLEGE INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does HIWASSEE COLLEGE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $125,403, expenses of $52,848 and total assets of $7,275,982 at year end.
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