2024-02-14T08:00:35-06:00 2023-06-30 366055558 GRANT THORNTON LLP 200 SOUTH ORANGE AVENUE SUITE 2050 ORLANDO FL 32801 990 2022-07-01 591237047 SAINT LEO UNIVERSITY INC SAIN 3525888215 33701 COUNTY RD 52 SAINT LEO FL 335746665 EDWARD DADEZ PRESIDENT 3525888215 2024-02-14 1 EDWARD DADEZ 999009999 0 PAUL HAGGE P00543988 4074815100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDWARD DADEZ 33701 COUNTY RD 52 SAINT LEO FL 335746665 190360548 0 X WWW.SAINTLEO.EDU X 1965 FL SAINT LEO UNIVERSITY WELCOMES AND EMBRACES IN THE CATHOLIC BENEDICTINE TRADITION (SEE SCHEDULE O) INDIVIDUALS OF ALL FAITHS. THE UNIVERSITY SEEKS BALANCED GROWTH IN MIND, BODY, AND SPIRIT FOR ALL MEMBERS OF OUR COMMUNITY. OUR COMMUNITY RECOGNIZES THE DIGNITY, VALUE, AND GIFTS OF ALL. AT SAINT LEO, LEARNING IS OF PRIME IMPORTANCE, AND WE WORK TO MEET THE EVOLVING NEEDS OF OUR COMMUNITIES AND THE WORLD AROUND US. 29 27 2348 29 218979 0 26677780 4318290 148653494 143526869 1546806 -1949777 492495 669108 177370575 146564490 42765615 33735063 0 0 82047140 73065993 0 0 1121484 59631055 51016994 184443810 157818050 -7073235 -11253560 249320245 242805284 105571642 101065523 143748603 141739761 X SAINT LEO IS AN INVENTIVE GLOBAL CATHOLIC LIBERAL ARTS UNIVERSITY THAT FOSTERS A PERSONAL & INCLUSIVE COMMUNITY WHICH EDUCATES, PREPARES, & DEVELOPS STUDENTS FOR SUCCESS, AND CONSISTS OF DIVERSE LEARNERS WHO BOLDLY CONFRONT THE CHALLENGES OF OUR WORLD THROUGH SERVICE TO OTHERS. 0 0 109418405 33735063 122723064 AS THE OLDEST CATHOLIC INSTITUTION OF HIGHER EDUCATION IN FLORIDA AND ONE OF THE TOP UNIVERSITIES IN CENTRAL FLORIDA, SAINT LEO UNIVERSITY HAS A CENTURY-LONG TRADITION OF WELCOMING STUDENTS OF ALL FAITHS. FOR MORE INFORMATION, SEE SCHEDULE O.OUR LIBERAL ARTS CAMPUS, LOCATED 30 MILES NORTH OF TAMPA, EDUCATES JUST UNDER 2,100 STUDENTS. TOTAL ENROLLMENT ACROSS OUR CENTRAL FLORIDA CAMPUS, 13 REGIONAL LOCATIONS, AND ONLINE PROGRAMS IS NEARLY 15,300 WITH A TOTAL OF NEARLY 160 PROGRAMS. SAINT LEO OFFERS OVER 70 UNDERGRADUATE DEGREES, PROGRAMS AND ENDORSEMENTS AS WELL AS MASTER'S, DOCTORAL AND CERTIFICATE PROGRAMS IN THE COLLEGE OF ARTS, SCIENCES, AND ALLIED SERVICES, COLLEGE OF BUSINESS, COLLEGE OF EDUCATION & SOCIAL SERVICES, COLLEGE OF COMPUTING,ARTIFICIAL INTELLIGENCE,ROBOTICS, AND DATA SCIENCE (CARD), AND THE COLLEGE OF HEALTH PROFESSIONS. THE PUBLICATION DIVERSE ISSUES IN HIGHER EDUCATION RANKS SAINT LEO AMONG ITS TOP 100 INSTITUTIONS GRADUATING MINORITY STUDENTS WITH BACCALAUREATE DEGREES. WE'RE A SMALL SCHOOL, BUT WE HAVE AN INCREDIBLY DIVERSE STUDENT BODY COMPOSED OF 41% STUDENTS FROM UNDERREPRESENTED POPULATIONS. SAINT LEO NOW SERVES STUDENTS FROM ALL 50 STATES, THE DISTRICT OF COLUMBIA, THREE U.S. TERRITORIES AND OVER 100 FOREIGN COUNTRIES. SAINT LEO IS ALSO ONE OF THE NATION'S LEADING PROVIDERS OF HIGHER EDUCATION TO THE U.S. MILITARY. WITH A LONG HISTORY OF EDUCATING THE COUNTRY'S MILITARY PERSONNEL, VETERANS, AND THEIR FAMILIES, SAINT LEO UNIVERSITY IS CLAIMING TOP HONORS FROM THE 2022 MILITARY TIMES BEST FOR VETS: COLLEGES. SAINT LEO EARNED RANKINGS OF NO. 24 AMONG ALL SCHOOLS IN THE UNITED STATES, NO. 3 AMONG ONLINE SCHOOLS, NO. 5 AMONG PRIVATE SCHOOLS, AND NO. 7 AMONG SCHOOLS IN THE SOUTHEAST. MORE THAN ONE-QUARTER OF SAINT LEO'S STUDENT POPULATION IS AFFILIATION WITH THE MILITARY, AND THIS INCLUDES MEMBERS OF THE U.S. AIR FORCE, ARMY, NAVY, MARINES, AND COAST GUARD, NATIONAL GUARD MEMBERS, RETIRED MILITARY OFFICERS AND ENLISTED VETERANS, MILITARY SPOUSES, DEPENDENTS, AND OTHERS. THOUSANDS OF ACTIVE DUTY SERVICE MEMBERS, VETERANS AND FAMILY MEMBERS WORLDWIDE EARN AFFORDABLE AND ACCESSIBLE UNIVERSITY DEGREES THROUGH OUR TRADITIONAL FLORIDA CAMPUS, EXTENSIVE ONLINE PROGRAM OFFERINGS AND AT OUR EDUCATION CENTERS. 17174526 20901678 AUXILIARY ENTERPRISES OF THE UNIVERSITY PROVIDE CERTAIN CUSTOMARY SERVICES SUCH AS HOUSING, FOOD SERVICE, AND VARIOUS STUDENT ACTIVITIES FOR THE BENEFIT OF THE STUDENTS OF THE UNIVERSITY. TRADITIONAL CAMPUS STUDENTS COMPRISED NEARLY 2,100 FOR THE 2023 FISCAL YEAR. 126592931 1 1 0 1 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 1 0 1 0 1 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 11895 0 1 2348 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL CA X JAMES DETUCCIO 3525888920 PO BOX 6665 SAINT LEO FL 33574 EDWARD DADEZ PRESIDENT 60.00 0.00 X X 275840 0 34639 JAMES DETUCCIO VP BUSINESS AFFAIRS/CFO 60.00 0.00 X X 217766 0 33024 JOHN E VIEW CHAIR 1.00 0.00 X X 0 0 0 JOSEPH P CONNELLAN VICE CHAIR 1.00 0.00 X X 0 0 0 ABBOTT ISAAC J CAMACHO OS B CURRENT TRUSTEE 1.00 0.00 X 0 0 0 RICHARD JOHNSON CURRENT TRUSTEE 1.00 0.00 X 0 0 0 IAN ANDERSON CURRENT TRUSTEE 1.00 0.00 X 0 0 0 NOEL BOEKE CURRENT TRUSTEE 1.00 0.00 X 0 0 0 STEVEN HICKMAN CURRENT TRUSTEE 1.00 0.00 X 0 0 0 ALLAN J LULHN CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH A MCGEE CURRENT TRUSTEE 1.00 0.00 X 0 0 0 CLARKE HOBBY CURRENT TRUSTEE 1.00 0.00 X 0 0 0 EDWIN NARAIN CURRENT TRUSTEE/SECRETARY 1.00 0.00 X 0 0 0 ROBIN MCGUINNESS CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JOHN P O'LEARY CURRENT TRUSTEE 1.00 0.00 X 0 0 0 VINI NATHAN CURRENT TRUSTEE 1.00 0.00 X 0 0 0 THOMAS J SHANNON III CURRENT TRUSTEE 1.00 0.00 X 0 0 0 BISHOP GREGORY PARKES CURRENT TRUSTEE 1.00 0.00 X 0 0 0 THOMAS D PESCHIO CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JOHN PICCIANO CURRENT TRUSTEE 1.00 0.00 X 0 0 0 KEVIN SULLIVAN CURRENT TRUSTEE 1.00 0.00 X 0 0 0 SHARON GRAY CURRENT TRUSTEE 1.00 0.00 X 0 0 0 ISKRA SBRACCIA CURRENT TRUSTEE 1.00 0.00 X 0 0 0 SR ROBERTA BAILEY OS B CURRENT TRUSTEE 1.00 0.00 X 0 0 0 PETER BISCARDI CURRENT TRUSTEE 1.00 0.00 X 0 0 0 KEVIN HENDRICKSON CURRENT TRUSTEE 1.00 0.00 X 0 0 0 THAMIR KADDOURI CURRENT TRUSTEE 1.00 0.00 X 0 0 0 LAURIE KOBLEGARD CURRENT TRUSTEE 1.00 0.00 X 0 0 0 NADEEM MAZHAR CURRENT TRUSTEE 1.00 0.00 X 0 0 0 BEMETRA SIMMONS CURRENT TRUSTEE 1.00 0.00 X 0 0 0 FRED CAMBRIA CURRENT TRUSTEE 1.00 0.00 X 0 0 0 MELANIE STORMS SENIOR VP (THRU 08/2023) 60.00 0.00 X 282397 0 30974 MARY SPOTO VP ACADEMIC AFFAIRS 60.00 0.00 X 222930 0 29136 JENNIFER SHAW VP 50.00 0.00 X 174643 0 29087 STACI SHELLEY GENERAL COUNSEL 50.00 0.00 X 247026 0 31500 DEREK MOHAMMED DIRECTOR OF CARDS 60.00 0.00 X 240371 0 29300 DARON MCNAB CIO (THRU 02/2023) 50.00 0.00 X 204022 0 26909 PASSARD DEAN DEAN 50.00 0.00 X 185593 0 27035 VYAS KRISHNAN ASSOCIATE DEAN 50.00 0.00 X 169429 0 21135 JEFFREY D SENESE FORMER PRESIDENT 0.00 0.00 X 443455 0 26846 JOHN NISBET FORMER CFO/VP 0.00 0.00 X 183255 0 15603 2846727 0 335188 65 1 1 0 QUINSTREET INC PO BOX 8398 PASADENA CA 91109 STUDENT RECRUITMENT SERVICES 6709946 CREATIVE CONTRACTORS INC 101 CREATIVE WAY CLEARWATER FL 33759 WELLNESS CENTER & BOWMAN CENTER PROJECT 3403545 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 28260 STUDENT RECRUITMENT SERVICES 3373678 VARSITY HEALTH LLC 6252 COMMERCIAL WAY 221 WEEKI WACHEE FL 34613 HEALTH SERVICES FOR CAMPUS STUDENTS 838508 CORPORATE BUILDING SOLUTIONS 14822 FEATHER COVE ROAD CLEARWATER FL 33762 MISC CONS. SERV. & BLDG MAINTENANCE 784776 66 48563 2037760 2231967 7806 4318290 TUITION AND FEES 611430 123266405 123266405 AUXILIARY INCOME 611710 19995593 19995593 CAMPS/CONFERENCES 900099 239125 239125 MISC REVENUES 900099 25746 25746 143526869 2216288 2216288 36445333 3145024 41688570 2067852 -5243237 1077172 -4166065 -4166065 48668 48563 39636 9032 9032 COMMISSION 900099 343224 343224 MEMBERSHIPS 900099 186468 16069 170399 GRANT ADMINISTRATION 900099 73742 73742 56642 8062 48580 660076 146564490 143624742 218979 -1597521 27623628 27623628 6111435 6111435 868789 868789 55546269 41791851 13094031 660387 1457880 1055901 383363 18616 11023083 8314729 2598194 110160 4169972 3266404 853686 49882 339619 339619 153225 153225 353795 353795 4396778 2688626 1706924 1228 8974122 8934465 39657 1660608 1072702 566682 21224 5953377 759562 5119567 74248 4095110 4076222 18888 713934 691533 20193 2208 92545 90599 1946 3718152 3437330 280822 8183556 7561132 622424 2069252 2069252 EDUCATION MATERIAL 2730624 2730624 BAD DEBT EXPENSE 2460155 2460155 FOOD PURCHASES 1464866 1462465 2293 108 DUES/SUBSCRIPTIONS 925765 641130 250747 33888 2731511 1468643 1113333 149535 157818050 126592931 30103635 1121484 1409284 838568 134210 195721 3164840 2963727 4897183 4367528 270074 271442 2152364 2541023 263963641 119241952 152251538 144721689 64780315 70159029 3427221 3600920 0 0 16833216 13145637 249320245 242805284 19867912 6860226 184258 149883 1673175 1508557 73007667 71481422 228990 248139 1496450 15249008 9113190 5568288 105571642 101065523 X 120169488 116860208 23579115 24879553 143748603 141739761 249320245 242805284 X -11253560 9073158 171560 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 139972 139972 0 PART II-B, LINE 1: SAINT LEO UNIVERSITY IS A MEMBER OF NACUBO AND ICUF, WHICH USED A SMALL PERCENTAGE OF MEMBER DUES FOR LOBBYING. OF THE $6,450 AND $65,420 PAID IN MEMBER DUES, RESPECTIVELY, $4,972 WAS RELATED TO LOBBYING. DURING THE FISCAL YEAR, THE ORGANIZATION ALSO CONTRACTED WITH BALLARD PARTNERS, INC. AND SHUMAKER ADVISORS FLORIDA, LLC FOR CONSULTING SERVICES RELATED TO LOBBYING. 2129623 X X 0 0 1 X 67564541 262919 5932618 833850 72926228 92347641 245399 -11985164 376261 12667074 67564541 68249428 498436 23614944 15167 92347641 69627264 311000 21421 308999 1401258 68249428 67584103 410524 2036520 403883 69627264 0.70177 0.29823 1 0 5390092 5390092 173648149 55201730 118446419 1512891 837925 674966 49360406 35655755 13704651 34052103 27546542 6505561 144721689 DEBT SERVICE RESERVE FUND 4759728 RIGHT OF USE ASSETS 5358189 ARTWORK 2129623 OTHER ASSETS 898097 13145637 LEASE LIABILITIES 5568288 5568288 X 122765565 9073158 -32626219 -23553061 146318626 285500 -39636 245864 146564490 124774407 39636 39636 124734771 285500 32797779 33083279 157818050 PART III, LINE 4: FINE ART WORK THE MAJORITY OF THE ART WORK ARE PRINTS BY YANDEL GINZBURG. THE ART WORK IS EXHIBITED THROUGHOUT VARIOUS CAMPUS BUILDINGS FOR THE CULTURAL APPRECIATION AND ENJOYMENT OF THE COLLEGE'S STUDENTS, EMPLOYEES AND VISITORS. PART IV, LINE 2B: THE UNIVERSITY MAINTAINS FUNDS FOR THE VARIOUS STUDENT ORGANIZATIONS WITHIN THE UNIVERSITY. THESE FUNDS ARE THE PROPERTY OF THE STUDENT CLUBS AND SLU HOLDS THESE FUNDS UNTIL USED BY THESE ORGANIZATIONS. PART V, LINE 4: THE MAJORITY OF THE PERM ENDOWMENT IS FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS. OTHER ENDOWMENTS ARE FOR ITEMS SUCH AS LIBRARY MATERIALS AND MISCELLANEOUS EXPENDITURES AS DESIGNATED BY DONORS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. MANAGEMENT DOES NOT CONSIDER FEDERAL INCOME TAXES ASSOCIATED WITH THE UNIVERSITY'S UNRELATED BUSINESS INCOME TO BE SIGNIFICANT. FASB ACCOUNTING STANDARDS CODIFICATION ASC SUBTOPIC 740-10, INCOME TAXES OVERALL, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE UNIVERSITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ITS TAX POSITIONS TAKEN AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT COULD RESULT IN MATERIAL IMPACT TO THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNIVERSITY FUNDED SCHOLARSHIP ALLOWANCE -32,797,779. CHANGE IN FV OF SPLIT INTEREST AGREEMENT 171,560. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -39,636. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENDITURES 39,636. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNIVERSITY FUNDED SCHOLARSHIP ALLOWANCE 32,797,779. 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 NONDISCRIMINATORY POLICY ADS RUN IN NEWSPAPERS EACH CALENDAR YEAR IN EVERY UNIVERSITY LOCATION. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID THE COLLEGE PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS, WHICH ARE LISTED BELOW. THESE PROGRAMS ARE AUDITED ANNUALLY IN ACCORDANCE WITH RELATED REGULATIONS. U.S. DEPARTMENT OF EDUCATION: FEDERAL PELL GRANT PROGRAM FEDERAL WORK STUDY PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS FEDERAL DIRECT STUDENT LOAN PROGRAM FEDERAL TEACH GRANT PROGRAM U.S. NATIONAL SCIENCE FOUNDATION: ROBERT NOYCE TEACHER SCHOLARSHIP PROGRAM U.S. DEPARTMENT OF JUSTICE: GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, STALKING ON CAMPUS EDUCATION AND HUMAN RESOURCE STATE FINANCIAL ASSISTANCE: FLORIDA DEPARTMENT OF EDUCATION AND COMMISSIONER OF EDUCATION: EFFECTIVE ACCESS TO SUDENT EDUCATION FLORIDA STUDENT ASSISTANCE GRANT FLORIDA BRIGHT FUTURES SCHOLARSHIP PROGRAM MINORITY TEACHER SCHOLARSHIP PROGRAM FLORIDA HONORABLY DISCHARGED GRADUATE ASSISTANCE FLORIDA WORK EXPERIENCE PROGRAM CHILDREN OF DECEASED OR DISABLED VETERANS FLORIDA WORK EXPERIENCE PROGRAM FLORIDA DEPARTMENT OF HIGHWAY SAFETY AND MOTOR VEHICLES: SAINT LEO UNIVERSITY LICENSE PLATE PROJECT 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 2566131 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 80815 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 1832923 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 110504 NORTH AMERICA 0 0 GRANTMAKING 516623 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 56874 SOUTH AMERICA 0 0 GRANTMAKING 589367 SOUTH ASIA 0 0 GRANTMAKING 441597 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 209446 0 0 0 0 0 0 6194834 209446 6404280 ANNUAL SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 3 2600 FIN AID ANNUAL SCHOLARSHIP NORTH AMERICA 1 2500 FIN AID ANNUAL SCHOLARSHIP SUB-SAHARAN AFRICA 1 2500 FIN AID ATHLETIC SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 3 20288 FIN AID ATHLETIC SCHOLARSHIP EAST ASIA AND THE PACIFIC 2 17516 FIN AID ATHLETIC SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 73 1192849 FIN AID ATHLETIC SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 3 52507 FIN AID ATHLETIC SCHOLARSHIP NORTH AMERICA 28 248338 FIN AID ATHLETIC SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 2 8749 FIN AID ATHLETIC SCHOLARSHIP SOUTH AMERICA 11 150714 FIN AID ATHLETIC SCHOLARSHIP SUB-SAHARAN AFRICA 4 65979 FIN AID OTHER - TUITION REMISSION CENTRAL AMERICA AND THE CARIBBEAN 8 76645 FIN AID OTHER-TUITION REMISSION EAST ASIA AND THE PACIFIC 2 12555 FIN AID OTHER-TUITION REMISSION EUROPE (INCLUDING ICELAND & GREENLAND) 12 118300 FIN AID OTHER-TUITION REMISSION NORTH AMERICA 1 8135 FIN AID OTHER-TUITION REMISSION SOUTH AMERICA 2 12555 FIN AID OTHER-TUITION REMISSION SOUTH ASIA 4 40575 FIN AID OTHER-TUITION REMISSION SUB-SAHARAN AFRICA 3 24080 FIN AID ENDOWMENT SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 14 22875 FIN AID ENDOWMENT SCHOLARSHIPS EAST ASIA AND THE PACIFIC 1 1750 FIN AID ENDOWMENT SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 4 7000 FIN AID ENDOWMENT SCHOLARSHIPS SUB-SAHARAN AFRICA 1 852 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 152 961457 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS EAST ASIA AND THE PACIFIC 4 18500 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 44 307290 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 6 20250 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS NORTH AMERICA 23 144410 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 3 26125 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS SOUTH AMERICA 23 162100 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS SOUTH ASIA 23 121885 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS SUB-SAHARAN AFRICA 10 51300 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 131 1482266 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS EAST ASIA AND THE PACIFIC 4 30494 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 25 207484 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 5 37747 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS NORTH AMERICA 16 113240 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 2 22000 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS SOUTH AMERICA 26 263998 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS SUB-SAHARAN AFRICA 9 64736 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS SOUTH ASIA 44 279137 FIN AID 0 0 0 0 0 0 PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANTS: INDIVIDUALS REQUESTING ANY FORM OF FINANCIAL AID MUST COMPLETE PERSONAL FINANCIAL STATEMENTS AND IF THEY ARE DEPENDENTS, THEY MUST ALSO PROVIDE PARENTAL OR GUARDIAN FINANCIAL INFORMATION. ONLY INDIVIDUALS ENROLLED IN THE SCHOOL AT THE TIME OF DISBURSEMENTS ARE CONSIDERED FOR FINANCIAL AID. ALL SCHOLARSHIPS AWARD TO STUDENTS MAY ONLY BE USED TO DEFRAY THE EDUCATION COSTS OF MATRICULATING AT THE COLLEGE. NO STUDENT MAY DFRAY SCHOLARSHIP FUNDS FOR PERSONAL MATTERS; ACCORDINGLY, THE COLLEGE DOES NOT UNDERTAKE FURTHER MONITORING ONCE THE SCHOLARSHIP IS AWARDED. PART III ACCOUNTING METHOD: PART I, LINE 3: SCHEDULE F TOTAL OF $6,404,280 INCLUDES $292,845 OF EMPLOYEE TUITION ASSISTANCE NOT REPORTED ON PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 3. THIS AMOUNT IS INCLUDED ON STATEMENT OF FUNCTIONAL EXPENSES LINE 9 - OTHER EMPLOYEE BENEFITS. SOS GOLF 54875 41475 13400 800 1600 9128 2880 679 ALUMNI WEEKEND 42356 7088 35268 723 17858 1895 4073 97231 48563 48668 800 2323 9128 20738 1895 4752 39636 9032 1 ATHLETIC 254 2021346 INSTITUTIONAL MERIT 2235 9508044 ENDOWMENT SCHOLARSHIPS 270 398715 ANNUAL SCHOLARSHIPS 41 33752 INSTITUTIONAL NEED BASED 1735 12142306 OTHER EDUCATIONAL SCHOLARSHIPS TR 224 1771561 PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANTS: INDIVIDUALS REQUESTING ANY FORM OF FINANCIAL AID MUST COMPLETE PERSONAL FINANCIAL STATEMENTS AND IF THEY'RE DEPENDENTS, THEY MUST ALSO PROVIDE PARENTAL OR GUARDIAN FINANCIAL INFORMATION. ONLY INDIVIDUALS ENROLLED IN THE SCHOOL AT THE TIME OF DISBURSEMENTS ARE CONSIDERED FOR FINANCIAL AID. ALL SCHOLARSHIPS AWARD TO STUDENTS MAY ONLY BE USED TO DEFRAY THE EDUCATION COSTS OF MATRICULATING AT THE COLLEGE. NO STUDENT MAY DEFRAY SCHOLARSHIP FUNDS FOR PERSONAL MATTERS; ACCORDINGLY, THE COLLEGE DOES NOT UNDERTAKE FURTHER MONITORING ONCE THE SCHOLARSHIP IS AWARDED. PART III: SCHEDULE I TOTAL OF $25,875,724 DOES NOT INCLUDE A TOTAL OF $1,747,904 REPORTED ON PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 3. THESE ARE GOVERNMENT GRANT EXPENSES AND ARE AMOUNTS FOR FEDERAL WORK STUDY WAGES, STATE WORK STUDY WAGES, AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) PAYMENTS. THESE AMOUNTS ARE NOT REPORTED AS GRANTS TO INDIVIDUALS BUT ARE INCLUDED AS PASS-THROUGH GRANTS IN THE STATEMENT OF FUNCTIONAL EXPENSES. X X X X X 1 0 0 0 0 0 0 0 0 JEFFREY D SENESE FORMER PRESIDENT 206801 0 0 0 236654 0 18739 0 8107 0 470301 0 0 0 MELANIE STORMS SENIOR VP (THRU 08/2023) 271435 0 0 0 10962 0 14798 0 16176 0 313371 0 0 0 EDWARD DADEZ PRESIDENT 260840 0 0 0 15000 0 22052 0 12587 0 310479 0 0 0 STACI SHELLEY GENERAL COUNSEL 245241 0 0 0 1785 0 20769 0 10731 0 278526 0 0 0 DEREK MOHAMMED DIRECTOR OF CARDS 240371 0 0 0 0 0 14977 0 14323 0 269671 0 0 0 MARY SPOTO VP ACADEMIC AFFAIRS 222930 0 0 0 0 0 20250 0 8886 0 252066 0 0 0 JAMES DETUCCIO VP BUSINESS AFFAIRS/CFO 217766 0 0 0 0 0 19151 0 13873 0 250790 0 0 0 DARON MCNAB CIO (THRU 02/2023) 204022 0 0 0 0 0 10733 0 16176 0 230931 0 0 0 PASSARD DEAN DEAN 185593 0 0 0 0 0 14392 0 12643 0 212628 0 0 0 JENNIFER SHAW VP 174643 0 0 0 0 0 15986 0 13101 0 203730 0 0 0 JOHN NISBET FORMER CFO/VP 106524 0 0 0 76731 0 8879 0 6724 0 198858 0 0 0 VYAS KRISHNAN ASSOCIATE DEAN 169429 0 0 0 0 0 6426 0 14709 0 190564 0 0 0 PART I, LINE 4A DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS PURSUANT TO THE FILING ORGANIZATIONS POLICIES AND PROCEDURES: JEFFREY SENESE: $210,000 JOHN NISBET: $65,769 A HIGHER EDUCATIONAL FACILITES FINANCING AUTHORITY 900058227 34073TLP0 2019-05-16 76995342 SEE PART V 0 0 0 A 77075069 4614847 1612323 3017500 846915 20926205 46057279 2022 1 0 1 1 A 0 0 0 0 0 0 1 A 1 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN F DESCRIPTION OF PURPOSE ON MAY 16, 2019, THE HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY (HEFFA) ISSUED ITS REVENUE REFUNDING BONDS, SERIES 2019 IN THE AMOUNT OF $68,935,000 ON BEHALF OF THE UNIVERSITY. THE PROCEEDS OF THE BONDS WERE LOANED TO THE UNIVERSITY AND WILL BE APPLIED TOGETHER WITH OTHER AVAILABLE MONEY OF THE UNIVERSITY TO (A) FINANCE AND REFINANCE A PORTION OF THE COST OF THE 2019 PROJECT (B) REFINANCE THE 2012 A & B SERIES BONDS, (C) CAPITALIZE A PORTION OF INTEREST ON THE SERIES 2019 BONDS AND (D) PAY COSTS OF ISSUANCE RELATED TO THE SERIES 2019 BONDS. PART II, LINE 3, COLUMN A TOTAL PROCEEDS OF $77,075,069 INCLUDE PAR VALUE OF $68,935,000, PREMIUM OF $8,060,343 AND GAIN ON REDEMPTION OF INTEREST RATE EXCHANGE AGREEMENT FOR PREVIOUS BOND HOLDINGS OF $79,726. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE TEN (10) MEMBERS, ALL OF WHO SHALL BE VOTING TRUSTEES, EXCEPT FOR THE PRESIDENT WHO SHALL BE EX OFFICIO WITHOUT VOTE AND NOT COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE CHAIRPERSON, VICE CHAIRPERSON, AND SECRETARY SHALL BE MEMBERS ALONG WITH THE CHAIRPERSONS OF ALL THE BOARD STANDING COMMITTEES. IN ADDITION, ONE TRUSTEE SHALL BE NOMINATED BY THE COMMITTE ON TRUSTEES AND ELECTED BY THE BOARD AT THE ANNUAL MEETING TO SERVE ON THE COMMITTEE. THE CHAIRPERSON SHALL INSURE THERE IS AT LEASE ONE MEMBER OF THE BENEDICTINE COMMUNITY ON THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TWOFOLD; 1) IT SHALL SERVE AT THE PLEASURE OF THE BOARD AS ITS AGENT IN HELPING THE PRESIDENT TO ADDRESS BUSINESS MATTERS NOT OTHERWISE HEREIN SOLELY RESERVED FOR THE BOARD OF TRUSTEES OR AS OTHERWISE DELEGATED BY THE BOARD BETWEEN REGULAR BOARD MEEINGS TO CONSERVE TIME; AND 2) IT SHALL ASSIST THE CHAIRPERSON AND THE PRESIDENT IN THEIR JOINT RESPONSIBILITY TO HELP THE BOARD TO FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING THE BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. THE COMMITTEE SHALL HAVE THE AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS WHICH CANNOT OR SHOULD NOT BE DEFERRED UNTIL THE BOARD'S NEXT SCHEDULE MEETING. THE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TURSTEES ON ALL MATTERES EXCEPT FOR THE FOLLOWING WHICH SHALL BE RESERVED FOR THE BOARD; PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD OFFICER SELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; CHANGES TO THE BYLAWS, CHARTER, OR ARTICLES OF INCOPORATION; INCURRING OF CORPORATE INDEBTEDNESS IN EXCESS OF $250,000; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY VALUED GREATER THAN $250,000; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. FORM 990, PART VI, SECTION B, LINE 11B DESCRIPTION OF PROCESS USED TO REVIEW FORM 990. THE BOARD WILL RECEIVE A "FINALIZED" DRAFT COPY OF THE 990 AHEAD OF THE FEBRUARY BOARD MEETINGS. DURING THE BOARD MEETING THE MANAGEMENT TEAM WILL BRIEFLY DISCUSS AND DESCRIBE THE 990 AND WILL TAKE COMMENTS AND QUESTIONS RELATED TO THE DRAFT. THE BOARD WILL GET TO VOTE ON APPROVAL, AND ONCE APPROVED, SAINT LEO UNIVERSITY WILL SUBMIT THE 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST. UNIVERSITY MEMBERS SHALL AVOID FAVORTITISM AND ANY POTENTIAL CONFLICT OF INTEREST OR APPEARANCE OF A CONFLICT OF INTEREST THROUGH THE FOLLOWING REQUIREMENTS: A. TRUSTEE DUTIES: ELEMENTS OF A CONFLICT. A TRUSTEE HAS A CONFLICT OF INTEREST WHENEVER THE TRUSTEE OR A FAMILY MEMBER OR A BUSINESS ASSOCIATED WITH A TRUSTEE OR A FAMILY MEMBERS (INSOFAR AS MAY BE KNOWN TO THE TRUSTEE) HAS AN EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST IN A MATTER PENDING BEFORE THE BOARD OF TRUSTEES THAT MIGHT REASONABLY BE EXPECTED TO IMPAIR THE TRUSTEE'S INDEPENDENCE OF JUDGMENT OR OBJECTIVITY IN THE DISCHARGE OF GOVERNANCE RESPONSIBILITIES. "BUSINESS ASSOCIATES WITH A TRUSTEE" MEANS AN ORGANIZATION, CORPORATION, PARTNERSHIP, PROPRIETORSHIP OR OTHER BUSINESS ENTITY WITH RESPECT TO WHICH EITHER THE TRUSTEE OR (INSOFAR AS MAY BE KNOWN TO THE TRUSTEE) A MEMBER OF THE TRUSTEE'S FAMILY; A) RECEIVES COMPENSATION IN EXCESS OF $500 IN ANY MONTH OR HAS ANY CONTRACTUAL RIGHT TO FUTURE INCOME IN EXCESS OF $6,000 PER YEAR EXCLUDING COMPENSATION FROM THE UNIVERSITY, ANY GOVERNMENTAL SOURCE, INVESTMENT OR SAVINGS INCOME, RETIREMENT OR INSURANCE BENEFITS OR ALIMONY; B) SERVES AS AN OFFICER, DIRECTOR, PARTNER, OR EMPLOYEE; C) HOLDS A FINANCIAL INTEREST VALUED IN EXCESS OF $10,000. B. BOARD RECUSAL: IMPLICATIONS OF RECUSAL. CONFLICT OF INTEREST COMES IN MANY FORMS AND CANNOT BE AVOIDED ENTIRELY. RECUSAL ON A PARTICULAR MATTER BECAUSE OF A CONFLICT DOES NOT REFLECT ADVERSELY ON THE INVOLVED TRUSTEE, RATHER, IT IS SIMPLY RECOGNITION THAT, IN A COMPLEX AND INTERCONNECTED SOCIETY, CONFLICTS WILL OCCUR. WHEN THIS HAPPENS, RECUSAL IS NECESSARY TO ASSURE THAT A TRUSTEE'S INDEPENDENCE OF JUDGMENT IS NOT COMPROMISED, THAT THE PUBLIC'S CONFIDENCE IN THE INTEGRITY OF THE BOARD OF TRUSTEES IS PRESERVED, AND THAT THE UNIVERSITY'S PUBLIC MISSION IS PROTECTED. C. CONFLICT OF INTEREST AND RECUSAL PROCEDURES: REVIEW OF PROCEDURES: THE BOARD OF TRUSTEES, WITH THE ASSISTANCE OF THE UNIVERSITY COUNSEL, SHALL REVIEW ANNUALLY AT A BOARD MEETING THE REQUIREMENTS AND PROCEDURES PROVIDED IN THIS POLICY. EACH TRUSTEE SHALL SIGN A RECEIPT INDICATING THE DATE THE CODE WAS RECEIVED AND ACKNOWLEDGING THAT THEY ARE RESPONSIBLE FOR READING THE CODE AND IS BOUND BY IT. TRUSTEES CAN SEEK CLARIFICATION OF THE CODE'S PROVISIONS FROM THE UNIVERSITY COMPLIANCE OFFICER. RECUSAL: A TRUSTEE MUST SELF RECUSE FROM A MATTER IF THE TRUSTEE HAS: A) ANY FINANCIAL INTEREST, DIRECT OR INDIRECT, THAT IS INCOMPATIBLE WITH THE DISCHARGE OF THE TRUSTEE'S PUBLIC DUTIES, OR B) ANY PERSONAL INTEREST, DIRECT OR INDIRECT, THAT IS INCOMPATIBLE WITH THE DISCHARGE OF THE TRUSTEE'S PUBLIC DUTIES. D. UNIVERSITY MEMBERS EXPECTED BEHAVIOR: NO EMPLOYEE SHALL HAVE ANY INTEREST, FINANCIAL OR OTHERWISE, DIRECT OR INDIRECT, OR ENGAGE IN ANY BUSINESS TRANSACTION OR PROFESSIONAL ACTIVITY, THAT IS IN SUBSTANTIAL CONFLICT WITH THE PROPER DISCHARGE OF THE EMPLOYEE'S DUTIES. E. ADDITIONAL OBLIGATIONS: TRUSTEE AND SENIOR ADMINISTRATIVE PERSONNEL HAVE A DUTY TO THE UNIVERSITY TO ALWAYS ACT IN GOOD FAITH, WITH THE CARE AN ORDINARY PERSON IN A LIKE POSIITON WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES, AND IN A MANNER REASONABLY BELIEVED TO BE IN THE BEST INTERESTS OF THE UNIVERSITY. PERSONS OCCUPYING THESE POSITIONS OF TRUST SHALL COMPLETE AND SUBMIT, ON AT LEAST AN ANNUAL BASIS, A CONFLICT OF INTEREST DISCLOSURE FORM ("FORM"). THE FORM SHALL BE AMENDED FOR FREQUENTLY, AS NEEDED, WHENEVER THERE IS A MATERIAL CHANGE IN THE CIRCUMSTANCES OF THE REPORTING PERSON THAT WOULD MAKE THE FORM THEN ON FILE MATERIALLY FALSE OR MISLEADING. IN ADDITION, ALL TRUSTEES MUST AGREE AND SIGN A STATEMENT OF RESPONSIBILITIES ("STATEMENT") THAT WILL PROVIDE SOME GUIDANCE ON THE SPECIAL RESPONSIBILITIES ATTENDED TO THAT OFFICE. THE FORM AND THE STATEMENT MAY BE CHANGED FROM TIME TO TIME BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 OFFICES & POSITIONS FOR WHICH PROCESS WAS USED. THE UNIVERSITY HIRES AN INDEPENDENT CONSULTANT TO REVIEW AND MAKE RECOMMENDATIONS FOR THE PRESIDENT'S COMPENSATION PACKAGE BASED OFF OF INDUSTRY, TRENDS, ETC. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DECIDES WHAT THE PRESIDENT'S COMPENSATION WILL BE AFTER REVIEWING THE CONSULTANT'S WORK AND RECOMMENDATION. THE EXEUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES ALL SALARIES AND BASES THEIR REVIEW ON SALARY TRENDING AND OTHER COMPENSATION RELATED INFORMATION. THE PROCESS IS USED TO ESTABLISH COMPENSATION FOR THE FOLLOWING OFFICES AND POSITIONS: UNIVERSITY PRESIDENT SENIOR VICE PRESIDENT VICE PRESIDENT OF STUDENT AFFAIRS VICE PRESIDENT OF ACADEMIC AFFAIRS VICE PRESIDENT OF BUSINESS AFFAIRS VICE PRESIDENT OF ATHLETICS VICE PRESIDENT OF STRATEGIC ENROLLMENT MANAGEMENT UNIVERSITY COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS AND PROVIDING IT UPON REQUEST. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 171,560.