Truett Mcconnell University Inc

Organization Overview

Truett Mcconnell University Inc is located in Cleveland, GA. The organization was established in 1948. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Truett Mcconnell University Inc employed 463 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truett Mcconnell University Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Truett Mcconnell University Inc generated $32.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $31.0m during the year ending 06/2021. While expenses have increased by 6.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TRUETT MCCONNELL UNIVERSITY IS A CHRISTIAN LIBERAL ARTS INSTITUTION THAT OFFERS 40 UNDERGRADUATE AND 10 GRADUATE DEGREE PROGRAMS FROM IT'S CAMPUS IN CLEVELAND, GEORGIA. THE MISSION IS TO EQUIP STUDENTS TO FULFILL THE GREAT COMMISSION BY FOSTERING A CHRISTIAN WORLDVIEW THROUGH A BIBLICALLY CENTERED EDUCATION IN A FAMILY-FRIENDLY ENVIRONMENT.

Describe the Organization's Program Activity:

INSTRUCTION - THE UNIVERSITY IS BUILT ON THE BELIEF THAT ACADEMIC DISCIPLINES IN THE LIBERAL ARTS CAN BE TAUGHT WITHIN THE CONTEXT OF THE CHRISTIAN FAITH IN ORDER TO PROVIDE YOUNG PEOPLE WITH A HIGH QUALITY EDUCATION WHICH EMPHASIZES WHAT MATTERS MOST: PRINCIPLES, IDEALS, ETHICS, MORALS, AND VALUES. WITH AN ENROLLMENT OF 2,825 CURRENT STUDENTS, TRUETT MCCONNELL UNIVERSITY HAS INCREASED ITS ENROLLMENT BY 41% SINCE 2015. ALSO, THE SCHOOL HAS OBTAINED A FACULTY OF WHICH MORE THAN 60 PERCENT HOLD DOCTORATES IN THEIR RESPECTIVE FIELDS. THE UNIVERSITY OFFERS FORTY ONE UNDERGRADUATE DEGREE AND TEN GRADUATE DEGREE PROGRAMS. TRUETT ONLINE IS A PROGRAM THAT OFFERS STUDENTS THE OPPORTUNITY TO EARN A DEGREE COMPLETELY ONLINE. TRUETT MCCONNELL UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC) TO AWARD BACCALAUREATE AND MASTER'S DEGREES.


FINANCIAL AID - HIGHER EDUCATION MAY BE THE MOST IMPORTANT INVESTMENT THAT A PERSON MAKES BECAUSE IT CAN LEAD TO PERSONAL AND PROFESSIONAL SUCCESS. IF TRUETT MCCONNELL OFFERS THE EDUCATION A PERSON IS LOOKING FOR, THEN WE'LL DO ALL WE CAN TO BRING IT WITHIN REACH FINANCIALLY.


AUXILIARY ENTERPRISES - LIVING ON CAMPUS IS AN IMPORTANT PART OF THE OVERALL EDUCATIONAL AND DISCIPLESHIP EXPERIENCE AT TMU. WE ARE COMMITTED TO THE DEVELOPMENT OF STUDENTS INTO DISCIPLES OF CHRIST AND SEEK TO FURTHER THIS GOAL THROUGH LIVING, LEARNING, PLAYING, PRAYING, AND STUDYING GOD'S WORD TOGETHER IN OUR RESIDENCE HALL COMMUNITIES. REGARDLESS OF WHICH RESIDENCE HALL YOU LIVE IN, YOU WILL BECOME PART OF A COMMUNITY COMMITTED TO YOUR CHRISTIAN DISCIPLESHIP AND ACADEMIC SUCCESS. ON-CAMPUS DINING AT TRUETT MCCONNELL IS PROVIDED BY MMI.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ksi Consulting
Student Insurance
$145,000
Mmi Dining Systems
Campus Dining Services
$1,150,129
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,855
Related organizations$1,210,864
Government grants $3,263,911
All other contributions, gifts, grants, and similar amounts not included above$1,341,915
Noncash contributions included in lines 1a–1f $211,250
Total Revenue from Contributions, Gifts, Grants & Similar$5,818,545
Total Program Service Revenue$27,001,261
Investment income $267,075
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$670,025
Net Income from Fundraising Events $10,240
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $32,427,096

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Truett Mcconnell University Inc has recieved totaling $226,731.

Awarding OrganizationAmount
Lettie Pate Whitehead Foundation Inc

Atlanta, GA

PURPOSE: For general scholarship support.

$117,000
$40,000
Ragan And King Charitable Fdn 10612-9

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$30,000
George W Strickland Jr Foundationinc

Valdosta, GA

PURPOSE: GENERAL FUND

$25,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$10,000
Ty Cobb Foundation Fund Ua Dtd 113053

Orlando, FL

PURPOSE: SCHOLARSHIP

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,026,503
Earnings$428,226
Net Contributions$15,322
Other Expense$84,442
Ending Balance$2,385,609

Peer Organizations

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