2024-05-10T12:06:23-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR 3RD FLOOR CHRISTIANSBURG VA 24073 990 2022-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE VICE PRESIDENT 4236148000 2024-05-09 1 CHRIS CONINE 999009999 0 MARK WOOLWINE P00647446 5404433606 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 37311 97254831 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 2147 0 0 0 16312235 11424448 91186449 84314088 1591566 1401405 -336819 114890 108753431 97254831 26600552 24154333 0 0 42019556 39201605 0 0 0 37294679 30106668 105914787 93462606 2838644 3792225 200405989 196959701 39614530 30791783 160791459 166167918 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 51340818 24154333 73520451 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 3,220 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 4247936 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. 12346863 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 8641217 10908527 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM. 8641217 10908527 76576834 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 1 195 0 1 2147 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 265717 0 58313 MARK WALKER PRESIDENT 40.00 X 207654 0 102871 CHRIS CONINE VICE PRESIDENT FOR BUSINESS & FINANCE 40.00 X 150717 0 33408 DEBORAH MURRAY PROVOST 40.00 X 133319 0 6086 CHRISTOPHER COULTER ASSOCIATE PROFESSOR ENGLISH 40.00 X 138843 0 9507 SARA CAMPBELL DEAN, SCHOOL OF NURSING 40.00 X 124088 0 18793 WILLIAM ESTES DEAN, COLLEGE OF EDUCATION 40.00 X 122685 0 4781 PAUL DELALUZ CHAIR, DEPT OF NATURAL SCIENCES 40.00 X 119598 0 15534 JAYSON VANHOOK VICE PRESIDENT FOR ENROLLMENT & MARKETING 40.00 X 119024 0 25256 1381645 0 274549 18 0 1 0 SODEXO 1120 NORTH OCOEE ST CLEVELAND TN 37311 FOOD SERVICE/CATERING 4124592 FOLLETT HIGHER EDUCATION 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE MANAGEMENT 887170 TRICON INC 2040 NORTH OCOEE ST CLEVELAND TN 37311 CONSTRUCTION 745555 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYMPIC BLVD PASADENA CA 91199 COMPUTER LEASES 525084 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE MAINTENANCE 516842 28 6183443 5241005 4902 11424448 TUITION & FEES 611310 69526327 69526327 RESIDENCE HALLS 611710 6227729 6227729 DINING HALL 611710 4255782 4255782 OTHER PROGRAM 611710 3879234 3879234 OTHER AUXILIARY 611710 349816 349816 75200 75200 84314088 1147262 1147262 254143 0 254143 254143 254143 114890 114890 114890 97254831 84428978 0 1401405 24154333 24154333 757407 757407 31469536 25439123 6030413 1284862 1036490 248372 3322437 2607781 714656 2367363 1947050 420313 394643 17845 376798 73743 73743 62917 62917 1358389 502742 855647 768640 631113 137527 882221 618543 263678 2109649 2109649 1845498 1503602 341896 337937 216975 120962 536008 495631 40377 4859502 4493437 366065 1031012 374171 656841 OTHER EXPENSES 6061595 2948940 3112655 FOOD SERVICES 3516658 2861087 655571 STUDENT & CAMPUS ACTIVI 3339863 3262606 77257 UTILITIES 2928393 2707958 220435 93462606 76576834 16885772 0 6600350 10985421 5884486 515696 4316981 4655433 617469 394354 186202 48224 233534330 85134332 150660689 148399998 32018540 30946403 121272 1014172 200405989 196959701 8966095 8262144 2184337 1703189 16370227 12394168 23920 17573 12069951 8414709 39614530 30791783 X 136394166 139243724 24397293 26924194 160791459 166167918 200405989 196959701 3792225 1584234 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27776527 939149 2922722 1611774 30026624 30674062 1232026 -4038778 90783 27776527 24863084 1059730 5906073 1154825 30674062 23884403 790540 819435 631294 24863084 21924907 672400 1354204 67108 23884403 0.26250 0.63670 0.10080 0 0 22192286 22192286 119155531 32538590 86616941 48807929 26148602 22659327 26630246 21310038 5320208 16748338 5137102 11611236 148399998 MONEY MARKET CASH ACCOUNTS 604515 F COMMON STOCKS 13009568 F INTERNATIONAL EQUITY FUNDS 4503181 F DIVERSIFIED STRATEGIES 4128235 C CORPORATE BONDS 1624495 F BONDS, NOTES AND GOVERNMENT SECURITIES 4556019 F REGIONS SOUTHEAST TIMBER FUND II, LLC 22454 F BALANCED FUNDS 237440 F CERTIFICATES OF DEPOSIT 2260496 F 30946403 LOAN ADVANCES-US GOVERNMENT 3731456 AGENCY FUNDS/STUDENT DEPOSITS 932401 CAPITAL LEASE OBLIGATIONS 498751 LINE OF CREDIT 2940898 OPERATING LEASE LIABILITY 311203 8414709 X 74621815 1584234 1584234 73037581 62917 24154333 24217250 97254831 69245356 0 69245356 62917 24154333 24217250 93462606 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 24,154,333. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 24,154,333. 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 2577 24154333 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 CHARLES PAUL CONN CHANCELLOR 185769 0 0 0 79948 0 1369 0 56944 0 324030 0 0 0 MARK WALKER PRESIDENT 184581 0 0 0 23073 0 36667 0 66204 0 310525 0 0 0 CHRIS CONINE VICE PRESIDENT FOR BUSINESS & FINANC 150717 0 0 0 0 0 7125 0 26283 0 184125 0 0 0 PART I, LINE 4A THE COMPENSATION REPORTED FOR CHRISTOPHER COULTER, ASSOCIATE PROFESSOR ENGLISH, IN PART VII, SECTION A, INCLUDES SEVERANCE PAYMENT OF $71,619. 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 2022. 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.