2024-04-13T19:11:41-05:00 2023-05-31 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2022-06-01 590722789 SOUTHEASTERN UNIVERSITY INC % KENT INGLE SOUT 8636675000 1000 LONGFELLOW BOULEVARD LAKELAND FL 338016034 PHILLIP SCHMITT CFO 8636675000 2024-03-15 true KENT INGLE 999009999 Lauren R Denton P01571860 2604604000 3 2022 2023-04-26 12:10:37Z KENT INGLE 1000 LONGFELLOW BLVD LAKELAND FL 338016034 128449158 false X WWW.SEU.EDU X 1935 FL TO PROVIDE EDUCATION IN A CHRIST-CENTERED, STUDENT-FOCUSED ENVIRONMENT. 23 13 2121 14 0 0 17311654 2652731 124688048 122442972 1012826 589770 20847 586347 143033375 126271820 48681160 43350848 0 0 47333670 46527116 177422 0 832122 35540061 38956500 131732313 128834464 11301062 -2562644 136483124 133674608 86614643 85892652 49868481 47781956 X SOUTHEASTERN UNIVERSITY'S DEDICATION TO STUDENTS' SPIRITUAL AND INTELLECTUAL GROWTH PROVIDES A FRAMEWORK FOR CHRIST-CENTERED LIVING BOTH IN AND OUTSIDE THE CLASSROOM. false false 110646199 42150288 106339379 SOUTHEASTERN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION ACCREDITED TO AWARD ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORATE DEGREES BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES. FOR THE YEAR ENDED MAY 31, 2023 THE UNIVERSITY AWARDED 138 ASSOCIATE DEGREES, 936 BACHELOR DEGREES, 36 MASTERS DEGREES AND 60 DOCTORAL DEGREES. TOTAL STUDENT HEADCOUNT FOR FALL OF 2022 WAS 10,044. ITS PICTURESQUE CAMPUS LOCATED IN CENTRAL FLORIDA IS HOME TO 2,239 UNDERGRADUATE STUDENTS, BUT ITS OUTREACH IS GLOBAL, WITH STUDENTS FROM ALL 50 STATES, WASHINGTON D.C, AND 4 U.S. TERRITORIES. INTERNATIONALLY, THE UNIVERSITY IS REPRESENTED IN 65 COUNTRIES WITH 260 TOTAL STUDENTS. FOUNDED BY AND ASSOCIATED WITH THE ASSEMBLIES OF GOD CHRISTIAN DENOMINATION, THE UNIVERSITY SERVES A CULTURALLY DIVERSE STUDENT BODY COMPRISED OF 43.3% ETHNIC MINORITIES AND VARIOUS RELIGIOUS BACKGROUNDS. THROUGH RIGOROUS ACADEMIC PROGRAMS EMPHASIZING CO-CURRICULAR AND EXPERIENTIAL LEARNING; CAMPUS AND COMMUNITY ENGAGEMENT; AND COMMITMENT TO CHRIST-LIKE SPIRITUAL FORMATION, STUDENTS AND ALUMNI ARE ENCOURAGED TO IMPACT CULTURE THROUGH A LIFESTYLE OF EXCELLENCE AND INTEGRITY. 5071450 1196960 16256078 AUXILIARY ENTERPRISES: AN IMPORTANT PART OF SOUTHEASTERN UNIVERSITY'S SERVICE TO ITS STUDENTS IS THE PROVISION OF CONVENIENT, NUTRITIONAL MEALS AND SAFE, COMFORTABLE LIVING ARRANGEMENTS. DURING THE 2022-2023 PROGRAM YEAR, SEU PROVIDED ITS 1,609 RESIDENTIAL AND 650 COMMUTER STUDENTS A VARIETY OF MEAL PLAN OPTIONS AND CAMPUS DINING FACILITIES INCLUDING TUSCANA RISTORANTE, MI CASA CAF, CHICK-FIL-A, PORTICO COFFEEHOUSE, BACKYARD BURGERS, EINSTEIN BROS. BAGELS AND PAPA JOHN'S PIZZA. RESIDENTIAL HOUSING AMENITIES INCLUDED USE OF WASHERS & DRYERS, WEEKLY HOUSEKEEPING SERVICES, WI-FI AND PHONE HOOK-UP, STREAMING SERVICES, AND COMMON AREAS FOR STUDYING AND RECREATION.FULL-TIME, ON-CAMPUS RESIDENT DIRECTORS PROVIDED SUPPORT AND CONNECTION WITH NEEDED RESOURCES. 115717649 true true false false false false false false false true true true false false true false false true true false true false false false false false false false true true true false false false false false false true true true false true true false false false true false false false true 9748 0 2121 true false false false false true true true true false false false false false false X 23 13 true false false false false false false true true false false true true true true true true true true false FL X KENT INGLE 8636675000 1000 LONGFELLOW BOULEVARD LAKELAND FL 33801 X DR KENT INGLE PRESIDENT 40.0 0.0 X X 451963 0 110212 DR J CHRIS OWEN EXECUTIVE VICE PRESIDENT 40.0 0.0 X 317862 0 83939 DR MEGHAN L GRIFFIN PROVOST/CHIEF ACADEMIC OFFICER 40.0 0.0 X 176495 0 79172 JUSTIN LATHROP VP STRATEGIC PARTNERSHIPS 40.0 0.0 X 166417 0 72762 ROY ROWLAND IV VP FOR ENROLLMENT MANAGEMENT 40.0 0.0 X 234264 0 2412 DENNIS ROSS PROFESSOR, POLITICAL SCIENCE 40.0 0.0 X 187849 0 19076 DR BETHANY THOMAS VP STUDENT DEVELOPMENT 40.0 0.0 X 184862 0 4928 PHILLIP SCHMITT VP FINANCE/CFO 40.0 0.0 X 183873 0 5162 DR CODY LLOYD VP FOR INSTITUTIONAL RESEARCH 40.0 0.0 X 173542 0 4928 DR MICHAEL STEINER VP OF INNOVATION 40.0 0.0 X 169062 0 2412 TOMMY BARNETT TRUSTEE 1.0 0.0 X 62000 0 0 GABRIEL SALGUERO TRUSTEE 1.0 0.0 X 14833 0 0 TERRY ROBERTS TRUSTEE 1.0 0.0 X 4500 0 0 DOUGLAS WITHERUP TRUSTEE 1.0 0.0 X 3000 0 0 MARK BATTERSON TRUSTEE 1.0 0.0 X 3000 0 0 KENNETH DRAUGHTON TRUSTEE 1.0 0.0 X 250 0 0 TERRY RAYBURN CHAIRMAN 1.0 0.0 X 0 0 0 WAYNE BLACKBURN VICE CHAIRMAN 1.0 0.0 X 0 0 0 JOHN JORDAN SECRETARY 1.0 0.0 X 0 0 0 JEFFERY PORTMAN TRUSTEE 1.0 0.0 X 0 0 0 JOHN WOOTTON TRUSTEE 1.0 0.0 X 0 0 0 JUDY RACHELS TRUSTEE 1.0 0.0 X 0 0 0 LUKE BARNETT TRUSTEE 1.0 0.0 X 0 0 0 MARK JAKELSKY TRUSTEE 1.0 0.0 X 0 0 0 RICHARDO ORSINI TRUSTEE 1.0 0.0 X 0 0 0 MATT POTTER TRUSTEE 1.0 0.0 X 0 0 0 SCOTT WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 ROGER ARCHER TRUSTEE 1.0 0.0 X 0 0 0 ABNER ADORNO TRUSTEE 1.0 0.0 X 0 0 0 STEVE MASON TRUSTEE 1.0 0.0 X 0 0 0 RAY RACHELS TRUSTEE 1.0 0.0 X 0 0 0 ROBERT SANDLER TRUSTEE 1.0 0.0 X 0 0 0 2333772 0 385003 26 false true false CHARTWELL'S SOUTH REGION 2924 KNIGHTS LANE E BLDG 5 JACKSONVILLE FL 32216 FOOD SERVICES 3352135 KINGSKY FLIGHT ACADEMY LLC 3131 FLIGHTLINE DR SUITE 304 LAKELAND FL 33811 ACADEMIC SERVICES 826395 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 ENROLLMENT CONSULT 522243 POLK COUNTY SHERIFF'S OFFICE 1891 JIM KEENE BLVD WINTER HAVEN FL 33880 SAFETY/SECURITY 448849 JENZABAR INC 101 HUNTINGTON AVE SUITE 2205 BOSTON MA 02199 ERP SOFTWARE 437964 28 54022 2598709 148750 2652731 TUITION AND FEES 611600 104007208 104007208 AUXILIARY ENTERPRISES 561160 15810354 15810354 OTHER PROGRAM REVENUE 561160 2625410 2625410 122442972 488732 488732 0 83380 83380 750224 713513 36711 0 36711 36711 1534593 30270 1463825 70768 30270 101038 101038 0 0 0 0 0 0 0 0 0 DEBT RECOVERIES 611710 152485 152485 VENDING & VENDOR COMMISSIONS 454210 313771 313771 466256 126271820 122595457 1023632 3600 3600 43347248 43347248 0 0 1853172 502870 1350302 729430 405953 323477 38689766 35005780 3447212 236774 557264 494035 59907 3322 2001250 1580350 398853 22047 2696234 2357048 323548 15638 0 416438 416438 90700 2700 88000 0 0 38240 38240 5230467 3422300 1531867 276300 999379 852385 128852 18142 4425435 3643386 751697 30352 2213728 2091878 108596 13254 0 3420178 2472106 939270 8802 2030656 1605430 382695 42531 0 1310766 956399 228472 125895 3577573 3431609 132728 13236 0 5407939 5187296 200635 20008 1573145 1508960 58364 5821 FOOD SERVICE 3394777 3394777 PROGRAM REVENUE SHARE 1236822 1236822 STUDY ABROAD/MISSIONS 2224243 2214717 9526 UNCOLLECTIBLE STUDENT ACT 1366014 1366014 128834464 115717649 12284693 832122 190449 5334101 5373050 1452771 2236383 1343248 5077565 2112172 0 0 0 0 0 0 0 0 393120 1049312 173268740 83259494 91384771 90009246 9092453 8049353 22430743 21837884 22322 0 0 0 282268 2486521 136483124 133674608 6701333 7504417 134948 18843 1533525 1487684 51574800 49542163 0 0 0 0 23034549 22346521 0 2594840 3635488 2398184 86614643 85892652 X 34709873 33710759 15158608 14071197 49868481 47781956 136483124 133674608 -2562644 476119 X false true X true true true X 2861432 9610723 2191237 3735203 2652731 21051326 0 0 2861432 9610723 2191237 3735203 2652731 21051326 5909090 15142236 314809 425339 169273 1012826 1322339 3244586 0 316611 403181 27272 30281 466256 1243601 25539513 594330262 0.59289 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10299383 53969 -347335 235285 9770732 10050766 677415 -261109 194357 -26668 10299383 9809282 18911 459534 140629 96332 10050766 9097593 442200 419223 149734 9809282 8521757 394068 317311 135543 9097593 0.61450 0.38550 false false 6495695 6495695 141655465 67807660 73847805 17758460 11929094 5829366 7359120 3522740 3836380 90009246 CERTIFICATE OF DEPOSIT 16745965 F OTHER INVESTMENT - BROADBAND 5091919 F 21837884 0 OTHER LIABILTIES 177384 LEASE LIABILITIES 2220800 2398184 85770586 476119 713513 1189632 84580954 38240 41652626 41690866 126271820 87857111 713513 713513 87143598 38240 41652626 41690866 128834464 SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS ARE TO BE USED BY THE UNIVERSITY PER THE DONOR'S INSTRUCTIONS TO FUND STUDENT SCHOLARSHIPS. SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI & XII, LINE 2D RENTAL EXPENSES $ 713,513 SCHEDULE D, PART XI & XII, LINE 4B STUDENT FINANCIAL AID $ 41,632,426 RENTAL INCOME $ 20,200 TOTAL $ 41,652,626 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE POLICY IS PRINTED IN CATALOG AND THE FINANCIAL AID PACKAGE. ALSO, IT IS MENTIONED ON TELEPHONE INFORMATION ON HOLD MESSAGE HEARD BY THE GENERAL COMMUNITY AND POTENTIAL STUDENTS. IT CAN ALSO BE FOUND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6A SOUTHEASTERN UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND ASSISTANCE, INCLUDING FEDERAL PELL GRANTS, FEDERAL WORK-STUDY, AND FLORIDA RESOURCE ALLOCATION GRANTS. THE UNIVERSITY HAS NEVER HAD ITS RIGHT TO FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY REVOKED. CENTRAL AMERICA/CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION 148090 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES MISSIONS 107539 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION 206504 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES MISSIONS 80731 RUSSIA 0 0 PROGRAM SERVICES MISSIONS 23385 SOUTH AMERICA 0 0 PROGRAM SERVICES MISSIONS 77669 SOUTH ASIA 0 0 PROGRAM SERVICES MISSIONS 29525 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES MISSIONS 166973 0 0 0 0 840416 840416 false false false false false false true SCHOLARSHIPS AND TUITION ASSISTANCE 4868 41632426 TUITION WAIVERS 198 1714822 SCHEDULE I, PART I, LINE 2 THE UNIVERSITY'S SCHOLARSHIP COMMITTEE IS CHARGED WITH THE RESPONSIBILITY OF ADVERTISING AVAILABILITY OF SPECIFIC SCHOLARSHIPS, REVIEWING APPLICATIONS, AND AWARDING SCHOLARSHIPS BASED ON NEED, MERIT, OR OTHER SPECIFIC REQUIREMENTS PUT IN PLACE BY DONORS OF THE FUNDS OR THE UNIVERSITY'S POLICIES. THE SCHOLARSHIPS ARE APPLIED DIRECTLY TO EACH STUDENT'S ACCOUNT. X X X false true X X X false false false false false false false false false DR KENT INGLE PRESIDENT 351035 0 65725 0 35203 0 0 0 110212 0 562175 0 DR J CHRIS OWEN EXECUTIVE VICE PRESIDENT 248333 0 40435 0 29094 0 0 0 83939 0 401801 0 PHILLIP SCHMITT VP FINANCE/CFO 179873 0 4000 0 0 0 0 0 5162 0 189035 0 DR MEGHAN L GRIFFIN PROVOST/CHIEF ACADEMIC OFFICER 171495 0 5000 0 0 0 6450 0 72722 0 255667 0 DR BETHANY THOMAS VP STUDENT DEVELOPMENT 179862 0 5000 0 0 0 0 0 4928 0 189790 0 ROY ROWLAND IV VP FOR ENROLLMENT MANAGEMENT 206892 0 11420 0 15952 0 0 0 2412 0 236676 0 DENNIS ROSS PROFESSOR, POLITICAL SCIENCE 187699 0 150 0 0 0 0 0 19076 0 206925 0 DR CODY LLOYD VP FOR INSTITUTIONAL RESEARCH 168542 0 5000 0 0 0 0 0 4928 0 178470 0 DR MICHAEL STEINER VP OF INNOVATION 158357 0 10705 0 0 0 0 0 2412 0 171474 0 JUSTIN LATHROP VP STRATEGIC PARTNERSHIPS 137840 0 10705 0 17872 0 0 0 72762 0 239179 0 SCHEDULE J, PART I, LINE 1A PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. THE UNIVERSITY PAID A NONTAXABLE HOUSING ALLOWANCE TO DR. KENT INGLE, DR. J. CHRIS OWEN, DR. MEGHAN GRIFFIN AND JUSTIN LATHROP. SCHEDULE J, PART I, LINE 1B THE ORGANIZATION FOLLOWS A WRITTEN POLICY WITH REGARD TO THE HOUSING ALLOWANCE AND HEALTH CLUB DUES. THERE IS NOT A FORMAL WRITTEN AGREEMENT REGARDING SPOUSAL TRAVEL, BUT THE REQUIREMENTS HAVE BEEN VERBALLY DISCUSSED WITH THOSE THAT USE THIS BENEFIT FOR BONA-FIDE BUSINESS PURPOSES. A CITY OF LAKELAND FLORIDA 596000354 2013-11-26 10000000 EDUCATIONAL FACILITIES REV REFUND false false false B CITY OF LAKELAND FLORIDA 596000354 2013-11-26 10000000 EDUCATIONAL FACILITIES REV REFUND false false false C CITY OF LAKELAND 596000354 2013-11-26 10000000 EDUCATIONAL FACILITIES REV REFUND false false false D CITY OF LAKELAND 596000354 2013-11-26 3360000 EDUCATIONAL FACILITIES REV REFUND false false false A 3391749 0 10000000 0 0 0 0 0 0 0 10000000 0 true false true true B 3391749 0 10000000 0 0 0 0 0 0 0 10000000 0 true false true true C 3391749 0 10000000 0 0 0 0 0 0 0 10000000 0 true false true true D 1139628 0 3360000 0 0 0 0 0 0 0 3360000 0 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false false false false true false 0 false 0 false true B false false false false true false 0 false 0 false true C false false false false true false 0 false 0 false true D false false false false true false 0 false 0 false true A true B true C true D true A CITY OF LAKELAND FLORIDA 596000354 2013-11-26 33000000 EDUCATIONAL FACILITIES REV REFUND false false false A 5381600 0 33000000 0 0 0 310000 0 0 0 32690000 0 false false true true A false false false false 0 false false false true A false false false false true true CENTERSTATE BANK 10. false true false 0 false true A true none none 84010 TUITION ASSISTACE EDUCATIONAL KAREN INGLE SPOUSE OF PRESIDENT 126332 COMPENSATION false PAXTON INGLE CHILD OF PRESIDENT 16674 COMPENSATION false MOLLY OWEN SPOUSE OF EXEC. VICE PRESIDENT 81915 COMPENSATION false MADISON GADD CHILD OF EXEC. VICE PRESIDENT 46113 COMPENSATION false GABRIELLA OWEN DAUGHTER-IN-LAW OF EXEC. VICE PRESIDENT 32422 COMPENSATION false JACOB ARCHER CHILD OF TRUSTEE 54531 COMPENSATION false HANNAH NOEL MASON CHILD OF TRUSTEE 23088 COMPENSATION false LUKE RACHELS GRANDCHILD OF TRUSTEE 25485 COMPENSATION false JEANETTE SALGUERO SPOUSE OF TRUSTEE 70000 COMPENSATION false GLENN BARNARD PARENT OF KEY EMPLOYEE 58117 COMPENSATION false JILL JOHNSON PARENT OF KEY EMPLOYEE 111126 COMPENSATION false X 1 148750 APPRAISAL 1 false true false SCHEDULE M, PART I, COLUMN B COLUMN B REPORTS THE NUMBER OF CONTRIBUTIONS CONTRIBUTED DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD OF TRUSTEES, THE VICE CHAIR OF THE BOARD OF TRUSTEES, THE SECRETARY OF THE BOARD OF TRUSTEES, THE PRESIDENT OF SOUTHEASTERN UNIVERSITY, THE ACADEMIC AFFAIRS COMMITTEE CHAIR, THE FINANCE AND AUDIT COMMITTEE CHAIR, AND UP TO THREE (3) TRUSTEES AT LARGE SELECTED BY THE BOARD OF TRUSTEES. THE AT LARGE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL SERVE FOR (1) YEAR TERMS, AND MAY BE REELECTED WITH LIMITS. THE CHAIR OF THE BOARD OF TRUSTEES SHALL SERVE AS THE EXECUTIVE COMMITTEE CHAIR. THE EXECUTIVE COMMITTEE SHALL HAVE DELEGATED AUTHORITY FROM THE BOARD OF TRUSTEES TO ADDRESS ROUTINE BUSINESS MATTERS BETWEEN REGULAR BOARD MEETINGS AND TO ASSIST THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT IN THEIR JOINT RESPONSIBILITY TO HELP THE BOARD TO FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. THE EXECUTIVE COMMITTEE SHALL HAVE DELEGATED AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD: ELECTION OR REMOVAL OF THE PRESIDENT; ELECTION OR REMOVAL OF A MEMBER OF THE BOARD OF TRUSTEES OR A BOARD OFFICER; CHANGES TO THE ARTICLE OF INCORPORATION OR BYLAWS OF THE CORPORATION; CHANGE OF THE UNIVERSITY'S MISSION; INCURRING OF UNIVERSITY INDEBTEDNESS OTHER THAN INDEBTEDNESS IN THE ORDINARY COURSE OF BUSINESS; SALE OF UNIVERSITY ASSETS TANGIBLE PROPERTY OTHER THAN IN THE ORDINARY COURSE OF BUSINESS; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. FORM 990, PART VI, SECTION A, LINE 1B DR. KENT INGLE, TERRELL ROBERTS, AND DOUGLAS WITHERUP ARE PAID EMPLOYEES OF SOUTHEASTERN UNIVERSITY AND ARE CONSIDERED NON-INDEPENDENT. TOMMY BARNETT RECEIVED INDEPENDENT CONTRACTOR COMPENSATION AND THEREFORE IS CONSIDERED NON-INDEPENDENT. RODGER ARCHER, STEVE MASON, RAY RACHEL, JUDY RACHEL, MARK BATTERSON AND GABRIEL SALGERO ARE NON-INDEPENDENT BOARD MEMBERS DUE TO TRANSACTIONS LISTED ON SCHEDULE L. FORM 990, PART VI, SECTION A, LINE 2 TOMMY BARNETT AND LUKE BARNETT HAVE A FAMILY RELATIONSHIP. RAY RACHELS AND JUDY RACHELS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED IN DETAIL BY THE ORGANIZATIONS'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF TRUSTEES ELECTRONICALLY FOR REVIEW. THE BOARD OF TRUSTEES IS GIVEN A DATE BY WHICH TO RESPOND PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST EXISTS WHEN ANY BOARD MEMBERS AND EMPLOYEES OF SOUTHEASTERN UNIVERSITY HAVE A RELATIONSHIP WITH, OR ENGAGE IN AN ACTIVITY WITH, ANY INDIVIDUAL OR ORGANIZATION WHICH IMPAIRS OR ADVERSELY INFLUENCES HIS OR HER JUDGMENT WITH RESPECT TO POLICY PROMOTING THE BEST INTEREST OF SOUTHEASTERN UNIVERSITY OR WHICH IMPAIRS OR ADVERSELY INFLUENCES THE PERFORMANCE OF HIS OR HER DUTIES TO THE UNIVERSITY. A CONFLICT OF INTEREST EXISTS WHEN A PERSON BENEFITS FINANCIALLY, EITHER DIRECTLY OR INDIRECTLY, FROM HIS OR HER EMPLOYMENT OR APPOINTMENT BY THE UNIVERSITY EXCEPT FOR COMPENSATION AND FINANCIAL BENEFITS PAID OR GRANTED BY THE UNIVERSITY. ALL DECISIONS OF THE BOARD OF TRUSTEES AND ADMINISTRATION OF THE UNIVERSITY SHALL BE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTERESTS OF THE UNIVERSITY. IN ANY CASE, WHERE A CONFLICT OF INTEREST EXISTS, OR MAY EXIST, OR THE APPEARANCE OF A CONFLICT OF INTEREST MAY EXIST, IT SHALL BE THE DUTY OF THE PERSON COVERED BY THE POLICY TO DISCLOSE HIS OR HER INTEREST, INCLUDING ANY INTEREST IN THE ORGANIZATION OR ENTITY WHICH MAY BENEFIT FROM THE PERSON'S ASSOCIATION WITH THE UNIVERSITY AND INCLUDING ANY SUCH BENEFICIAL INTEREST A MEMBER OF THE PERSON'S IMMEDIATE FAMILY MAY HAVE BECAUSE OF THE PERSON'S ASSOCIATION WITH THE UNIVERSITY. PERSONS WHO PERCEIVE THE EXISTENCE OF A CONFLICT OF INTEREST SHALL NOT ENDEAVOR TO RESOLVE THE CONFLICT OR DETERMINE THAT THE EXTERNAL BENEFITS WILL NOT ADVERSELY AFFECT THE UNIVERSITY; BUT SHALL MAKE A FULL DISCLOSURE OF THE FACTS, CIRCUMSTANCES, RELATIONSHIPS AND TRANSACTION AS FOLLOWS: 1. PRESIDENT SHALL REPORT TO THE BOARD OF TRUSTEES. 2. VICE PRESIDENT SHALL REPORT TO THE PRESIDENT. 3. OTHER EMPLOYEES SHALL REPORT TO THEIR RESPECTIVE VICE PRESIDENT. PERSONS COVERED BY THIS POLICY ARE ENCOURAGED TO AVOID RELATIONSHIPS AND TRANSACTIONS WHICH CONSTITUTE A CONFLICT OF INTEREST. WHEN SUCH SITUATIONS CANNOT BE AVOIDED, THE PERSONS INVOLVED SHALL REFRAIN FROM PARTICIPATING IN CONSIDERATION OF THE TRANSACTION AFFECTED BY THE CONFLICT OF INTEREST, UNLESS UNDER SPECIAL CIRCUMSTANCES THE UNIVERSITY DETERMINES THAT THEIR PARTICIPATION IS IMPERATIVE FOR THE WELFARE OF THE UNIVERSITY. IF SUCH A WAIVER IS INDICATED, IT SHALL BE IN WRITING AND SIGNED BY THE PRESIDENT AND A COPY OF THE WAIVER SHALL BE PROVIDED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES. DISCLOSURE IS ALSO REQUIRED CONCERNING ALL RELATIONSHIPS AND BUSINESS AFFILIATIONS WHICH REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE UNIVERSITY. SUCH DISCLOSURE SHALL BE CONTINUOUSLY REPORTED AND KEPT CURRENT. THE DISCLOSURES REQUIRED UNDER THIS POLICY STATEMENT SHALL BE REPORTED ANNUALLY TO THE FINANCE & AUDIT COMMITTEE. THE INFORMATION DISCLOSED SHALL BE HELD IN CONFIDENCE EXCEPT WHEN, IN THE JUDGMENT OF THE FINANCE & AUDIT COMMITTEE, THE BEST INTERESTS OF THE UNIVERSITY WOULD BE SERVED BY DISCLOSING THE INFORMATION TO THE BOARD OF TRUSTEES. INDIVIDUALS WHO ARE DEEMED TO BE IN A CONFLICT OF INTEREST SITUATION WITH RESPECT TO ANY MATTER BEFORE THE ADMINISTRATION OR THE BOARD SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF THE PROPOSED TRANSACTION, UNLESS SPECIFICALLY REQUESTED TO PROVIDE INFORMATION REGARDING THE TRANSACTION IN QUESTION. AT THE BOARD'S DISCRETION, THE INTERESTED PERSON MAY BE REQUIRED TO LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. SUCH PERSON SHALL NOT VOTE ON OR TAKE ANY POSITION FOR OR AGAINST THE PROPOSED TRANSACTION. WHEN DEEMED APPROPRIATE, A NOTATION MAY BE MADE IN THE MINUTES OF THE MEETING THAT THE PERSON INVOLVED NEITHER PARTICIPATED IN THE CONSIDERATION OF THE PROPOSED TRANSACTION NOR VOTED ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE ADMINISTRATION OF WAGES AND SALARIES FUNCTIONS UNDER THE DIRECTION OF THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE UNIVERSITY. THE WAGE AND SALARY PLAN IS ADMINISTERED BY THE OFFICE OF HUMAN RESOURCES AND REVIEWED ANNUALLY BY THE FINANCE & AUDIT COMMITTEE BEFORE PRESENTATION TO THE BOARD OF TRUSTEES FOR FINAL APPROVAL. IN REVIEWING THE WAGE STRUCTURE, CONSIDERATION IS GIVEN TO THE PREVAILING RATES FOR COMPARABLE WORK IN THE LAKELAND AREA, THE CURRENT COST OF LIVING, SALARY LEVELS OF RELATED ORGANIZATIONS, AND THE ECONOMIC CONDITION OF THE UNIVERSITY. THE DETERMINATION OF THE PRESIDENT'S COMPENSATION IS THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE WHICH MAKES A RECOMMENDATION TO THE BOARD OF TRUSTEES FOR FINAL APPROVAL. THE PROCESS INCLUDES A PERFORMANCE REVIEW AND THE STUDY OF COMPARABLE COMPENSATION DATA FROM PEER INSTITUTIONS. IN ADDITION TO THE COMPENSATION FACTORS DESCRIBED ABOVE, THE RECOMMENDATION FOR ANY PARTICULAR YEAR SHALL TAKE INTO ACCOUNT REGIONAL ECONOMIC INFORMATION AND THE FINANCIAL CONDITION OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES MAINTAINS A DETAILED RECORD OF THE MEETING AND DISCUSSIONS RELATIVE TO EXECUTIVE COMPENSATION. MEANWHILE, THE PRESIDENT RECOMMENDS THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES TO THE EXECUTIVE COMMITTEE WHICH MAKES THE FINAL DETERMINATION. INFORMATION DESCRIBED IN THE DETERMINATION OF THE PRESIDENT'S COMPENSATION IS ALSO USED FOR THAT OF OFFICERS AND KEY EMPLOYEES. THIS PROCESS INCLUDES REGULAR REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE A COMPENSATION REPORTED IN PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN B IS THE AMOUNT REPORTED ON THE INDIVIDUAL'S W-2, BOX 1 OR 5 (WHICHEVER AMOUNT IS GREATER) PER THE IRS INSTRUCTIONS. IN THE CASE OF MINISTER'S COMPENSATION WHEN BOX 5 OF THE W-2 IS NOT APPLICABLE, BOX 1 COMPENSATION IS USED. EMPLOYEE DEFERRALS TO QUALIFIED RETIREMENT PLANS ARE NORMALLY CAPTURED IN BOX 5, NOT BOX 1 OF FORM W-2. FOR REPORTING PURPOSES WE HAVE INCLUDED THE MINISTER RETIREMENT PLAN DEFERRALS IN PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C. SOUTHEASTERN UNIVERSITY FOUNDATION INC 1000 LONGFELLOW BLVD LAKELAND FL 33801 463844101 FUNDRAISING FL 501(C)(3) LINE 12B,II SEU true false false false false false false false false false false false false false false false false false false false