2025-04-03T15:08:00-05:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE VICE PRESIDENT 4236148000 2025-03-31 1 0 MARK WOOLWINE P00647446 5404433606 2025-03-29 2023 2025-03-06 01:10:19Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 37311 91560640 0 X WWW.LEEUNIVERSITY.COM X 1918 TN LEE UNIVERSITY IS A CHRISTIAN INSTITUTION WHICH OFFERS LIBERAL ARTS AND PROFESSIONAL EDUCATION ON BOTH THE UNDERGRADUATE AND GRADUATE LEVELS THROUGH RESIDENTIAL AND DISTANCE PROGRAMS. WE SEEK TO PROVIDE EDUCATION THAT INTEGRATES BIBLICAL TRUTH AS REVEALED IN THE HOLY SCRIPTURES WITH TRUTH DISCOVERED THROUGH THE STUDY OF ARTS AND SCIENCES AND IN THE PRACTICE OF VARIOUS PROFESSIONS. A PERSONAL COMMITMENT TO JESUS CHRIST AS SAVIOR IS THE CONTROLLING PERSPECTIVE FROM WHICH OUR EDUCATIONAL ENTERPRISE IS CARRIED OUT. THE FOUNDATIONAL PURPOSE OF ALL EDUCATIONAL PROGRAMS AT LEE IS TO DEVELOP WITHIN THE STUDENTS KNOWLEDGE, APPRECIATION, UNDERSTANDING, ABILITY, AND SKILLS WHICH WILL PREPARE THEM FOR RESPONSIBLE CHRISTIAN LIVING IN A COMPLEX WORLD. 24 24 1970 0 0 0 11424448 6252245 84314088 85249950 1401405 283019 114890 -224574 97254831 91560640 24154333 25112594 0 0 39201605 35196351 0 0 0 30106668 31043041 93462606 91351986 3792225 208654 196959701 198829507 30791783 29398301 166167918 169431206 X LEE UNIVERSITY IS A PRIVATE, COMPREHENSIVE UNIVERSITY LOCATED IN CLEVELAND, TENNESSEE. THE UNIVERSITY IS OPERATED UNDER THE AUSPICES OF THE CHURCH OF GOD AND IS GOVERNED BY A BOARD OF TRUSTEES. 0 0 51114516 25112594 73956654 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 2,964 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 4076330 ACADEMIC SUPPORT - PROVIDES SUPPORT SERVICES TO VARIOUS ATTENDEES OF THE UNIVERSITY, AS WELL AS, SUPPORT OF PROGRAMS WITHIN THE UNIVERSITY. ACADEMIC SUPPORT INCLUDES FACULTY DEVELOPMENT, THE LIBRARY AND RESEARCH CENTERS. 11590114 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 8397019 11068722 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM. 8397019 11068722 75177979 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5468 0 1 1970 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 TN X THE ORGANIZATION 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 WADE LOMBARD CHAIR 2.00 X 0 0 0 CLAYTON WATSON VICE-CHAIR 2.00 X 0 0 0 MARTY BAKER DIRECTOR 2.00 X 0 0 0 EMMITT BEALL DIRECTOR 2.00 X 0 0 0 ELIEZER BONILLA DIRECTOR 2.00 X 0 0 0 PATRICIA CARROLL DIRECTOR 2.00 X 0 0 0 ISHMAEL CHARLES DIRECTOR 2.00 X 0 0 0 ROBERT DAUGHERTY DIRECTOR 2.00 X 0 0 0 HECTOR DIAZ DIRECTOR 2.00 X 0 0 0 ASHLEY FREER DIRECTOR 2.00 X 0 0 0 BOBBY K JONES II DIRECTOR 2.00 X 0 0 0 MICHAEL KNIGHT DIRECTOR 2.00 X 0 0 0 DENNIS LIVINGSTON DIRECTOR 2.00 X 0 0 0 JERRY MADDEN DIRECTOR 2.00 X 0 0 0 KEVIN MCGLAMERY DIRECTOR 2.00 X 0 0 0 JAMES MCINTYRE DIRECTOR 2.00 X 0 0 0 BYRON MEDLIN DIRECTOR 2.00 X 0 0 0 DAVID RAMIREZ DIRECTOR 2.00 X 0 0 0 JEFF ROBINSON DIRECTOR 2.00 X 0 0 0 MATT SHARP DIRECTOR 2.00 X 0 0 0 STEVE SMITH DIRECTOR 2.00 X 0 0 0 LEE STORMS DIRECTOR 2.00 X 0 0 0 KELVIN TARUKWASHA DIRECTOR 2.00 X 0 0 0 MARK WILLIAMS DIRECTOR 2.00 X 0 0 0 CHARLES PAUL CONN CHANCELLOR 40.00 X 205431 0 18054 MARK WALKER PRESIDENT 40.00 X 201045 0 65906 CHRIS CONINE VICE PRESIDENT FOR BUSINESS & FINANCE 40.00 X 152241 0 19151 DEBORAH MURRAY PROVOST 40.00 X 132819 0 11750 SARA CAMPBELL DEAN, SCHOOL OF NURSING 40.00 X 135400 0 226 WILLIAM ESTES DEAN, COLLEGE OF EDUCATION 40.00 X 122980 0 9016 JAYSON VANHOOK VICE PRESIDENT FOR ENROLLMENT AND MARKETING 40.00 X 116424 0 14571 PAUL DELALUZ CHAIR, DEPARTMENT OF NATURAL SCIENCES 40.00 X 115382 0 13349 BRADLEY MOFFETT VICE PRESIDENT FOR UNIVERSITY RELATIONS 40.00 X 112735 0 11812 1294457 0 163835 16 0 1 0 SODEXO 1120 NORTH OCOEE ST CLEVELAND TN 37311 FOOD SERVICE/CATERING 4771921 TRICON INC 2040 N OCOEE ST CLEVELAND TN 37311 CONSTRUCTION/CONTRACTOR 1459875 FOLLETT HIGHER EDUCATION GROUP LLC 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE 887928 ELLUCIAN LLC 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE MAINTENANCE 537190 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYMPIC BLVD PASADENA CA 91199 COMPUTER LEASES 481929 25 1123420 5128825 15042 6252245 TUITION & FEES 611310 66530748 66530748 OTHER PROGRAM 611710 7650480 7650480 RESIDENCE HALLS 611710 6268425 6268425 DINING HALL 611710 4306130 4306130 OTHER AUXILIARY 611710 421002 421002 73165 73165 85249950 -139995 -139995 423014 0 423014 423014 423014 -224574 -224574 -224574 91560640 85025376 0 283019 25112594 25112594 691536 691536 28686473 23023655 5662818 1071898 807251 264647 2682686 2106060 576626 2063758 1668370 395388 231533 10500 221033 74515 74515 67795 67795 3533155 638118 2895037 794013 673021 120992 923147 590021 333126 1412193 1412193 3119398 2685575 433823 318799 207725 111074 540807 500084 40723 5128072 4741928 386144 1457394 378113 1079281 FOOD SERVICES 4706095 3535518 1170577 OTHER EXPENSES 4056624 3405387 651237 UTILITIES 2748590 2541621 206969 STUDENT & CAMPUS ACTIVI 1930911 1860902 70009 91351986 75177979 16174007 0 10985421 9122664 515696 365696 4655433 6688115 394354 9542 48224 53369 237513939 89891610 148399998 147622329 30946403 34268209 1014172 699583 196959701 198829507 8262144 7917317 1703189 1588262 12394168 8625405 17573 0 8414709 11267317 30791783 29398301 X 139243724 140680737 26924194 28750469 166167918 169431206 196959701 198829507 208654 3054634 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30026624 628464 3269858 988400 32936546 27776527 939149 2922722 1611774 30026624 30674062 1232026 -4038778 90783 27776527 24863084 1059730 5906073 1154825 30674062 23884403 790540 819435 631294 24863084 0.26869 0.59696 0.13435 0 0 22192286 22192286 119155531 34132506 85023025 50586639 27692437 22894202 27487388 22604808 4882580 18092095 5461859 12630236 147622329 MONEY MARKET CASH ACCOUNTS 212068 F COMMON STOCKS 16361487 F INTERNATIONAL EQUITY FUNDS 3642069 F DIVERSIFIED STRATEGIES 4713319 C CORPORATE BONDS 2472842 F BONDS, NOTES AND GOVERNMENT SECURITIES 4121686 F BALANCED FUNDS 414116 F CERTIFICATES OF DEPOSIT 2330622 F 34268209 LOAN ADVANCES-US GOVERNMENT 5541328 AGENCY FUNDS/STUDENT DEPOSITS 1129524 CAPITAL LEASE OBLIGATIONS 299450 LINE OF CREDIT 4090917 OPERATING LEASE LIABILITY 206098 11267317 X 69434885 3054634 3054634 66380251 67795 25112594 25180389 91560640 66171597 0 66171597 67795 25112594 25180389 91351986 PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELEVANT STATE REGULATIONS. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THE UNIVERSITY'S EXEMPT PURPOSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 25,112,594. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 25,112,594. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 RECEIVES FEDERAL FINANCIAL AID 1 SCHOLARSHIP ALLOWANCES TO STUDENTS 2597 25112594 FMV TUITION CREDIT PART I, LINE 2: - GRANT FUNDS ARE MONITORED ON A DAILY BASIS VIA THE UNIVERSITY'S DAILY BUDGET REPORT. - GRANT FUNDS ARE LOCATED IN A CERTAIN DEPARTMENTAL SEQUENCE WITHIN THE GENERAL LEDGER. - UPON A GRANT BEING AWARDED A BUDGET REVISION IS CREATED BY DIRECTOR OF GRANT ACCOUNTING FOR THE CORRESPONDING AMOUNT OF THE AWARD. - GRANT FUNDS ARE RECEIVED IN THE FORM OF CHECK, ACH OR THEY ARE DRAWN DOWN VIA THE DEPARTMENT OF EDUCATION'S G5 WEBSITE. - GRANT FUNDS ARE DEPOSITED INTO THE CORRESPONDING GRANTS INCOME LINE. - STATE AND FEDERAL GRANT, THE FUNDS ARE DRAWN DOWN AFTER EXPENSES ARE INCURRED AND THE ACCOUNTS HAVE BEEN RECONCILED FOR ACCURACY. - DRAW DOWN AND RECONCILIATION OF GRANT FUNDS ARE COMPLETED ON A MONTH BASIS. - RECEIPT OF FUNDS ARE DOCUMENT IN TWO SEPARATE LOCATIONS. WITHIN THE GENERAL LEDGER AS WELL AS IN THE UNIVERSITY'S GRANT SOFTWARE, AMPLIFUND. - AT YEAR END, JUNE 30, A RECONCILIATION IS COMPLETED OF THE ENTIRE GRANT DEPARTMENT TO ENSURE ACCURACY OF EXPENSES AND REVENUE. X X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 MARK WALKER PRESIDENT 164334 0 0 0 36711 0 55000 0 10906 0 266951 0 0 0 CHARLES PAUL CONN CHANCELLOR 106318 0 0 0 99113 0 10568 0 7486 0 223485 0 0 0 CHRIS CONINE VICE PRESIDENT FOR BUSINESS & FINANC 152241 0 0 0 0 0 15437 0 3714 0 171392 0 0 0 PART I, LINE 4A THE COMPENSATION FOR SARA CAMPBELL, DEAN FOR THE SCHOOL OF NURSING, INCLUDES A SEVERANCE PAYMENT OF $80,000. FORM 990, SCHEDULE J, PART II THE COMPENSATION REPORTED FOR PAUL CONN, CHANCELLOR, IN PART VII, SECTION A, INCLUDES DEFERRED COMPENSATION AND THE PAYOUT OF BENEFITS ACCRUED DURING THE THIRTY-FOUR (34) YEARS OF HIS PRESIDENCY, AND THESE DISTRIBUTIONS DO NOT REFLECT ANNUAL INCOME FOR 2023. A LEE UNIVERSITY 620502739 2013-09-03 9100000 TO FINANCE COMMUNICATION ARTS BUILDING 0 1 0 B LEE UNIVERSITY 620502739 2015-11-02 9100000 TO FINANCE THE NURSING BUILDING, THE BUSINESS BUILDING AND OTHER PROJECTS 0 1 0 C LEE UNIVERSITY 620502739 2017-03-07 3285900 TO FINANCE THE OUTSTANDING DEBT OWED ON THE NATURAL SCIENCE AND MATH COMPLEX 0 1 0 D LEE UNIVERSITY 620502739 2017-03-07 4000000 TO FINANCE THE DEACON JONES DINING HALL RENOVATIONS. 0 1 0 A 8851436 9100000 77397 9022603 2014 0 0 1 1 B 6719845 9100000 91819 9008181 2017 0 0 1 1 C 2905199 3285900 38382 3247518 2010 1 0 1 1 D 2363373 4000000 46724 3953276 2017 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 1 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 0 0 0 0 0 A 0 B 0 C 0 D 0 A LEE UNIVERSITY 620502739 2019-02-20 10750000 TO FINANCE ATHLETIC FACILITIES, PARKER STREET CORRIDEOR, AND OTHER PROJECTS 0 1 0 A 2916034 10750000 112318 10637682 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 2 A MEMBER OF THE UNIVERSITY'S ADMINISTRATION HAS A RELATIVE WITH A FINANCIAL INTEREST IN A CONSTRUCTION AND ARCHITECTURE COMPANY THE UNIVERSITY ENGAGED TO PERFORM CERTAIN CONSTRUCTION PROJECTS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE COMPTROLLER AND VICE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 12 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE POSTED ON THE HUMAN RESOURCES WEBSITE AND PUBLISHED IN THE FACULTY HANDBOOK AS WELL AS THE ADMINISTRATIVE AND SUPPORT STAFF HANDBOOK. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S BOARD OF DIRECTORS DETERMINE AND APPROVE THE SALARY FOR KEY EMPLOYEES. THE PRESIDENT SUBMITS THE REQUEST TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THERE IS NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR.