2023-02-24T14:05:01-06:00 2022-06-30 366055558 GRANT THORNTON LLP 75 STATE ST 13TH FLOOR BOSTON MA 02109 990 2021-07-01 591023117 LYNN UNIVERSITY INC LYNN 5612377181 3601 NORTH MILITARY TRAIL BOCA RATON FL 33431 KEVIN ROSS PRESIDENT 5612377181 2023-02-23 1 KEVIN ROSS XXX-XX-XXXX ERIN COUTURE P01390592 6177237900 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KEVIN ROSS 3601 NORTH MILITARY TRAIL BOCA RATON FL 33431 162944308 0 X WWW.LYNN.EDU X 1962 FL THE MISSION OF LYNN UNIVERSITY IS TO PROVIDE AN INNOVATIVE, GLOBAL AND PERSONALIZED EDUCATION THAT ENABLES STUDENTS TO REALIZE THEIR POTENTIAL. 11 10 1387 19 111012 105712 5886420 8215410 112144116 129162299 748767 -633655 732021 1150352 119511324 137894406 33888042 39566992 0 0 49145127 51859436 0 0 4320775 36167496 41729173 119200665 133155601 310659 4738805 203973646 202054235 80695116 75148601 123278530 126905634 X FOUNDED IN 1962 AND LOCATED IN BOCA RATON, FLORIDA., LYNN UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). (CONT. IN SCH O)THE UNIVERSITY'S MISSION IS TO PROVIDE AN INNOVATIVE, GLOBAL AND PERSONALIZED EDUCATION THAT ENABLES STUDENTS TO REALIZE THEIR POTENTIAL. THE INSTITUTION AIMS TO ACHIEVE ITS MISSION THROUGH INNOVATIVE CURRICULUM, TECHNOLOGY AND CAMPUS DESIGN. THE LYNN 2025 STRATEGIC PLAN CONTAINS THE FOLLOWING STRATEGIC PRIORITIES: 1) ENGAGE: WE WILL ENGAGE WITH OUR CONSTITUENTS TO FURTHER FOSTER A CULTURE OF PRIDE, LOYALTY AND SUPPORT. 2) ELEVATE: WE WILL ELEVATE THE LYNN EXPERIENCE, BUILDING ON OUR STRONG FOUNDATIONS TO CONTINUALLY IMPROVE AND ADAPT. 3) EXPAND: WE WILL EXPAND OUR PROGRAMS, SERVICES, OPPORTUNITIES AND CAPABILITIES. READ THE FULL STRATEGIC PLAN AT LYNN.EDU/STRATEGY. 0 0 69419501 37478466 74585577 THE UNIVERSITY OFFERS BACHELOR'S AND MASTER'S DEGREES AND A DOCTORAL DEGREE. THE ACADEMIC PROGRAM IS DESIGNED FOR TRADITIONAL-AGED STUDENTS, AS WELL AS A GROWING POPULATION OF ADULT LEARNERS. LYNN UNIVERSITY HAS MORE THAN 3,300 STUDENTS FROM MORE THAN 100 COUNTRIES AN NEARLY ALL 50 STATES. THE UNIVERSITY OFFERS 42 UNDERGRADUATE MAJORS, 14 GRADUATE MAJORS AND 39 GRADUATE SPECIALIZATIONS. LYNN UNIVERSITY IS PROUD OF ITS TRADITION OF EDUCATING STUDENTS WHO ASSUME POSITIONS OF RESPONSIBILITY AND BECOME LEADERS IN THEIR CHOSEN PROFESSIONS. THE UNIVERSITY IS COMMITTED TO STUDENT-CENTERED LEARNING, WHERE FACULTY AND STAFF PROVIDE PERSONALIZED ATTENTION TO STUDENTS WHO HAVE VARYING LEVELS OF ACADEMIC PROFICIENCY AND ARE MOTIVATED TO EXCEL. (CONTINUED ON SCH O) 21560809 37138344 A PROGRAM OF ACTIVITIES COMPLEMENTS THE ACADEMIC CURRICULUM. STUDENTS CHOOSE THOSE ACTIVITIES THAT WILL CONTRIBUTE TO THEIR PERSONAL DEVELOPMENT AND ENJOYMENT - STUDENT GOVERNMENT, SERVICE CLUBS, SPORTS, SOCIAL FRATERNITIES, AND NUMEROUS SPECIAL INTEREST ORGANIZATIONS. SOCIAL ACTIVITIES INCLUDE GAME SHOWS, DANCES, COMEDIANS, LIVE MUSIC, INTERNATIONAL FESTIVALS, FILMS, POOL PARTIES, SPORTS DAYS, INTRAMURAL SPORTS, AWARD DINNERS AND NOVELTY ENTERTAINMENT. INDIVIDUAL INTERESTS RANGING FROM THE FINE ARTS TO PROFESSIONAL FOOTBALL, BASEBALL, BASKETBALL AND HOCKEY TO GOURMET DINING CAN BE FOUND IN SOUTH FLORIDA. LYNN UNIVERSITY HOLDS MEMBERSHIP IN THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA), DIVISION II, AND THE SUNSHINE STATE ATHLETIC CONFERENCE. (CONTINUED ON SCH O) 19355898 2088526 18423843 THE UNIVERSITY MAINTAINS SIX RESIDENCE HALLS THAT PROVIDE FULL LIVING ACCOMMODATIONS FOR THE UNDERGRADUATE AND GRADUATE STUDENT POPULATION. EACH ROOM IS FURNISHED TO MEET STUDENTS' NEEDS, INCLUDING TV CABLE AND WIRELESS INTERNET SERVICE. MOST STUDENTS LIVING ON CAMPUS ARE REQUIRED TO BE ON THE UNIVERSITY MEAL PLAN. SODEXO IS THE FOOD SERVICE VENDOR, AND THE CULINARY EXPERIENCE INCLUDES 24/7 DINING. COMMUTER STUDENTS, FACULTY, STAFF AND VISITORS CAN PURCHASE BLOCK MEAL PLANS. THE LYNN UNIVERSITY CAMPUS STORE OFFERS SCHOOL-BRANDED CLOTHING, ACCESSORIES, AND VARIOUS OTHER SUPPLIES. CLASSICAL MUSIC IS PROVIDED TO THE UNIVERSITY COMMUNITY AS WELL AS THE GENERAL PUBLIC BY STUDENTS AND FACULTY BY THE LYNN UNIVERSITY CONSERVATORY OF MUSIC. ADDITIONALLY, STUDENTS IN THE DRAMA B.F.A. PROGRAM AND PROFESSIONAL ACTORS AND MUSICIANS PERFORM ON CAMPUS IN THE PERFORMING ARTS CENTER. MANY OPPORTUNITIES TO SHARE CULTURE AND IDEAS ARE OFFERED THROUGH LECTURE SERIES AND COMMUNITY DISCOURSE. DURING THE SUMMER MONTHS, A PORTION OF THE UNIVERSITY'S EDUCATIONAL FACILITIES ARE USED TO PROVIDE INSTRUCTION TO CHILDREN AGED 3-13 WHO ATTEND PINE TREE CAMPS SUMMER SESSIONS. 110336208 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 4260 0 1 1387 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X THOMAS ROONEY 5612377823 3601 NORTH MILITARY TRAIL BOCA RATON FL 33431 KEVIN M ROSS PRESIDENT 40.00 0.00 X X 819632 0 174099 CHRISTINE E LYNN CHAIRPERSON 2.00 0.00 X X 0 0 0 JAMES MILBY TRUSTEE 2.00 0.00 X 0 0 0 STEPHEN SNYDER VICE CHAIR 2.00 0.00 X X 0 0 0 JEFF PERLMAN TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM J REHRIG TRUSTEE 2.00 0.00 X 0 0 0 PAUL A ROBINO TRUSTEE 2.00 0.00 X 0 0 0 JOHN LANGAN TRUSTEE 2.00 0.00 X 0 0 0 JAN CARLSSON TRUSTEE 2.00 0.00 X 0 0 0 VICTORIA RIXON TRUSTEE 2.00 0.00 X 0 0 0 R BRAD OSBORNE JR TRUSTEE 2.00 0.00 X 0 0 0 THOMAS ROONEY CFO & TREASURER 40.00 0.00 X 412551 0 68777 MICHAEL ANTONELLO GENERAL COUNSEL & SECRETARY 40.00 0.00 X 244683 0 65430 GREGORY J MALFITANO SVP FOR DEVELOPMENT & ADMINISTRATION 40.00 0.00 X 403586 0 46988 CHRISTIAN G BONIFORTI CHIEF INFORMATION OFFICER 40.00 0.00 X 382706 0 45630 GARETH P FOWLES VP FOR ENROLLMENT MANAGEMENT 40.00 0.00 X 389279 0 20548 KATRINA CARTER-TELLISON VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 260360 0 46340 SHERRIE WELDON CHIEF MARKETING OFFICER 40.00 0.00 X 258921 0 38217 MICHAEL PETROSKI ACADEMIC DEAN 40.00 0.00 X 211938 0 22490 ANTHONY ALTIERI VP FOR STUDENT LIFE 40.00 0.00 X 186980 0 12882 DEVIN CROSBY ATHLETICS DIRECTOR 40.00 0.00 X 152284 0 33048 RALPH T GOOD DEAN COLLEGE OF BUSINESS 40.00 0.00 X 205354 0 22698 RALPH J NORCIO ASSOCIATE DEAN, BUSINESS SCHOOL 40.00 0.00 X 188652 0 26084 MIKE BOLDUC DIRECTOR OF FINANCE OPERATIONS 40.00 0.00 X 169766 0 40691 KATHLEEN WEIGEL DEAN 40.00 0.00 X 182470 0 20500 ROBERT VILLA DEAN 40.00 0.00 X 165040 0 30359 MATTHEW P CHALOUX DIRECTOR, AUXILIARY SVCS (THRU 10/21) 40.00 0.00 X 145699 0 47108 4779901 0 761889 71 1 1 0 SODEXO 3601 N MILITARY TRAIL BOCA RATON FL 33431 FOOD SERVICES 5227738 EAB PO BOX 603519 CHARLOTTE NC 28260 IT MARKETING SERVICES 1834090 GERRITS CONSTRUCTION INC 8177 W GLADES RD 206 BOCA RATON FL 33434 CONSTRUCTION SERVICES 1229712 ALL CAMPUS LLC 500 W MADISON SUITE 2900 CHICAGO IL 60606 PROFESSIONAL MARKETING SVCS 710482 KAPLAN INC 900 NORTH POINT PKWY 250 ALPHARETTA GA 30005 PROFESSIONAL EDUCATION SVCS 669431 24 131470 3341914 4742026 592813 8215410 TUITION & RELATED FEES 611710 111321756 111321756 ROOM & BOARD 611710 15620528 15620528 CAMP FEES 900099 2088584 2088584 STUDENT ACTIVITY INC. 611710 92165 92165 CONFERENCE INCOME 900099 39266 39266 129162299 143022 111012 32010 23083470 986908 22373639 2473416 709831 -1486508 -776677 -776677 6650 131470 11126 -4476 -4476 361084 191721 169363 169363 CONTRACT REVENUE 900099 310000 310000 COMISSION REBATE 900099 205968 205968 STUDENT MEALS 900099 142663 142663 326834 326834 985465 137894406 130147764 111012 -579780 39566992 39566992 5918171 2319482 3123075 475614 396807 168789 228018 35391999 31157775 2932850 1301374 1559242 1204427 284217 70598 5737443 3981192 1559903 196348 2855774 2373699 362713 119362 129002 129002 131404 131404 766310 766310 1660483 152527 1041711 466245 1831337 628971 5648 1196718 2548146 1784575 643003 120568 2346014 343016 1998303 4695 7204399 6173506 993420 37473 1504309 1455081 21376 27852 292523 288433 4031 59 1407318 1285484 121834 7505236 5147589 2352128 5519 3114246 2936029 171731 6486 FOOD EXPENSE 4648275 4648275 RECRUITMENT EXPENSES 1524563 1459187 65376 COMMISSIONS 1394524 1394524 SUBSCRIPTION & DUES 899712 337643 452865 109204 2821372 1529012 1109700 182660 133155601 110336208 18498618 4320775 26840 54423 14454698 22342643 3127539 1804649 1489746 2384065 2176750 2308661 166424 131291 328164 682757 264004963 137594909 131023047 126410054 4170647 3464146 38790567 35987284 681755 596536 7537469 5887726 203973646 202054235 6648694 8541394 17431610 14392719 52964833 50377105 86691 0 3563288 1837383 80695116 75148601 X 75144891 83349995 48133639 43555639 123278530 126905634 203973646 202054235 X 4738805 -3566766 2455065 X 0 1 X 1 1 1 X 6433610 6652781 17262425 5886420 8215410 44450646 6433610 6652781 17262425 5886420 8215410 44450646 13630279 30820367 806001 625289 761501 37151 32010 2261952 0 168433 0 61440 111012 340885 63107 61074 367734 491915 47545398 577201993 0.64820 0.56040 X TO QUALIFY FOR LIMITED DONOR DISCLOSURE UNDER THE SPECIAL RULE ON SCHEDULE B, THE PUBLIC SUPPORT TEST HAS BEEN COMPLETED TO DEMONSTRATE THE UNIVERSITY MEETS THE QUANTITATIVE SUPPORT TEST UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE, WHICH REQUIRES AN ORGANIZATION TO RECEIVE A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT OR FROM THE GENERAL PUBLIC. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING EVENTS - 2017 AMOUNT: $ 58,562. 2018 AMOUNT: $ 56,014. 2021 AMOUNT: $ 6,650. GROSS INCOME FROM GAMING - 2017 AMOUNT: $ 4,545. 2018 AMOUNT: $ 5,060. GROSS SALES OF INVENTORY - 2021 AMOUNT: $ 361,084. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 824 824 0 PART II-B, LINE 1: LYNN UNIVERSITY IS A MEMBER OF NACUBO AND NAICU; BOTH ORGANIZATIONS USED A SMALL PERCENTAGE OF MEMBER DUES FOR LOBBYING. OF THE $16,424 PAID IN MEMBER DUES, $824 WAS RELATED TO LOBBYING. 499884 X X X 0 38790567 542079 -934061 1312689 1098612 35987284 30904708 599554 9469243 1178392 1004546 38790567 27608363 1112039 3552224 730664 637254 30904708 26639336 969027 348743 187077 161666 27608363 25875764 486160 1558700 676975 604313 26639336 0.17060 0.74440 0.08500 0 0 110000 1145045 1255045 191482303 77267443 114214860 56085472 49849428 6236044 15182143 10478038 4704105 126410054 ALTERNATIVE INVESTMENTS 35987284 F 35987284 CAPITAL LEASES 1566014 OTHER 271369 1837383 X 96652250 -3566766 2455065 -1111701 97763951 766310 39364145 40130455 137894406 93025146 202847 202847 92822299 766310 39566992 40333302 133155601 PART III, LINE 4: COLLECTIONS OF ART DESCRIPTION OF COLLECTIONS: THE UNIVERSITY HAS A COLLECTION OF NFT ART ON DISPLAY IN THE EUGENE M. AND CHRISTINE E. LYNN COLLEGE OF COMMUNICATION AND DESIGN. NFTS, OR NON-FUNGIBLE TOKENS, REFER TO TOKENIZING DIGITAL ART THROUGH CRYPTO PLATFORMS, WHICH IS A PROCESS THAT ALLOWS ARTISTS TO AUTHENTICATE THEIR ORIGINAL DIGITAL WORKS. LYNN'S COLLECTION SHOWCASES CREATIVE DIGITAL ARTWORK FROM STUDENTS, FACULTY, STAFF AND GUEST ARTISTS. PART V, LINE 4: INTENDED USES OF ENDOWMENT: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 80 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF EDUCATIONAL PURPOSES, SCHOLARLY DEVELOPMENT, AND TO ENHANCE STUDENT LIFE ON CAMPUS. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS, CLASSIFIED BY THE BOARD OF TRUSTEES, TO FUNCTION AS ENDOWMENTS AND TO FURTHER THESE GOALS. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXATION AS DEFINED BY SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM STATE INCOME TAXES UNDER THE PROVISIONS OF THE FLORIDA NONPROFIT CORPORATION ACT. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS AND IN ADDITION, UNRELATED BUSINESS INCOME TAX FOR THE UNIVERSITY, IF ANY, IS IMMATERIAL AND WILL NOT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FASB ASC 470, INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON FINANCIAL DERIVATIVES 2,455,065. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 39,566,992. COST OF GOODS SOLD -191,721. FUNDRAISING EXPENSES -11,126. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 191,721. FUNDRAISING EVENTS 11,126. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID 39,566,992. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LYNN UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, GENDER, RELIGION, SEXUAL ORIENTATION, NATIONAL ORIGIN, DISABILITY, GENETIC INFORMATION, AGE, PREGNANCY OR PARENTING STATUS, VETERAN STATUS OR RETIREMENT STATUS IN ITS ACTIVITIES AND PROGRAMS. IN ACCORDANCE WITH TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, LYNN UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF SEX. THE UNIVERSITY'S NON-DISCRIMINATION AND ANTI-HARASSMENT POLICY CAN BE FOUND ON THE UNIVERSITY'S WEBSITE AT: HTTPS://WWW.LYNN.EDU/UNIVERSITY-POLICIES/VOLUME-I-GOVERNANCE-AND-ADMINISTRA TION/NON-DISCRIMINATION-AND-ANTI-HARASSMENT-POLICY INQUIRIES CONCERNING THE APPLICATION OF THE NON-DISCRIMINATION POLICY MAY BE DIRECTED TO THE UNIVERSITY COMPLIANCE OFFICER/TITLE IX COORDINATOR. SCHEDULE E, PART I, LINE 6 DEPARTMENT OF EDUCATION: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK-STUDY, FEDERAL PERKINS LOAN, FEDERAL PELL GRANT, FEDERAL DIRECT STUDENT LOANS, AND ACADEMIC COMPETITIVENESS GRANT. FLORIDA DEPARTMENT OF EDUCATION: FLORIDA MINORITY TEACHER'S FUND, FLORIDA RESIDENT ACCESS GRANT, FLORIDA WORK EXPERIENCE PROGRAM, FLORIDA PRIVATE STUDENT ASSISTANCE GRANT AND FLORIDA BRIGHT FUTURES SCHOLARSHIP PROJECT. GINGERBREAD CONCERT 84570 77920 6650 941 5072 2160 COUNTRY CLUB OF FLORIDA OUTREACH 35600 35600 1650 1 17950 17950 1303 138120 131470 6650 941 5072 5113 11126 -4476 1 ATHLETIC SCHOLARSHIP AWARDS 272 4653318 ACADEMIC SCHOLARSHIP AWARDS 2410 32577934 NEED BASED SCHOLARSHIP AWARDS 515 2335740 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS THE UNIVERSITY AWARDS GRANTS AND LOANS BASED ON A SCHOLARSHIP PROGRAM AND THE FEDERAL GOVERNMENT REQUIREMENTS FOR ALL PROGRAMS. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) MUST BE FILLED OUT AND ELIGIBILITY IS DETERMINED BASED ON THE INFORMATION PROVIDED. THE GRANT AWARDED IS CREDITED TO THEIR TUITION ACCOUNT AT LYNN UNIVERSITY. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 KEVIN M ROSS PRESIDENT 514198 0 72175 0 233259 0 92400 0 81699 0 993731 0 75000 0 THOMAS ROONEY CFO & TREASURER 267811 0 0 0 144740 0 16691 0 52086 0 481328 0 0 0 GREGORY J MALFITANO SVP FOR DEVELOPMENT & ADMINISTRATION 355714 0 0 0 47872 0 17400 0 29588 0 450574 0 0 0 CHRISTIAN G BONIFORTI CHIEF INFORMATION OFFICER 282706 0 0 0 100000 0 16500 0 29130 0 428336 0 0 0 GARETH P FOWLES VP FOR ENROLLMENT MANAGEMENT 289279 0 0 0 100000 0 16500 0 4048 0 409827 0 0 0 MICHAEL ANTONELLO GENERAL COUNSEL & SECRETARY 235683 0 0 0 9000 0 13295 0 52135 0 310113 0 0 0 KATRINA CARTER-TELLISON VP FOR ACADEMIC AFFAIRS 260360 0 0 0 0 0 15300 0 31040 0 306700 0 0 0 SHERRIE WELDON CHIEF MARKETING OFFICER 258921 0 0 0 0 0 15262 0 22955 0 297138 0 0 0 MICHAEL PETROSKI ACADEMIC DEAN 211900 0 0 0 38 0 11976 0 10514 0 234428 0 0 0 RALPH T GOOD DEAN COLLEGE OF BUSINESS 205321 0 0 0 33 0 12316 0 10382 0 228052 0 0 0 RALPH J NORCIO ASSOCIATE DEAN, BUSINESS SCHOOL 188613 0 0 0 39 0 6466 0 19618 0 214736 0 0 0 MIKE BOLDUC DIRECTOR OF FINANCE OPERATIONS 162383 0 0 0 7383 0 10409 0 30282 0 210457 0 0 0 KATHLEEN WEIGEL DEAN 182432 0 0 0 38 0 8375 0 12125 0 202970 0 0 0 ANTHONY ALTIERI VP FOR STUDENT LIFE 186980 0 0 0 0 0 10656 0 2226 0 199862 0 0 0 ROBERT VILLA DEAN 165002 0 0 0 38 0 9510 0 20849 0 195399 0 0 0 MATTHEW P CHALOUX DIRECTOR, AUXILIARY SVCS (THRU 10/21 131644 0 0 0 14055 0 8162 0 38946 0 192807 0 0 0 DEVIN CROSBY ATHLETICS DIRECTOR 152251 0 0 0 33 0 7938 0 25110 0 185332 0 0 0 PART I, LINE 1A DISCRETIONARY SPENDING ACCOUNT THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT WHICH IS PART OF HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN HIS TAXABLE COMPENSATION. HOUSING ALLOWANCE THE PRESIDENT OF LYNN UNIVERSITY IS REQUIRED TO OCCUPY UNIVERSITY OWNED HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE BENEFIT IS EXCLUDED FROM TAXABLE COMPENSATION PURSUANT TO IRC SECTION 119 BUT IS INCLUDED AS NONTAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE UNIVERSITY PAYS FOR COUNTRY CLUB MEMBERSHIPS FOR THE PURPOSE OF FUNDRAISING AND DEVELOPMENT FOR THE SVP FOR DEVELOPMENT AND ADMINISTRATION. IT WAS DETERMINED THAT 100% OF SUCH FEES PAID DURING THE YEAR WERE RELATED TO BUSINESS USE. THE ENTIRE AMOUNT OF THESE FEES WERE TREATED AS NON TAXABLE COMPENSATION TO THE INDIVIDUAL. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS CERTAIN INDIVIDUALS ARE REIMBURSED FOR TRAVEL EXPENSES AS PART OF THEIR EMPLOYMENT CONTRACT. THE AMOUNTS ARE GROSSED UP FOR TAX PAYMENT AND REPORTING PURPOSES. GROSS UPS ARE APPROVED BY THE BOARD OF TRUSTEES OR HUMAN RESOURCES. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING THE CALENDAR YEAR, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CERTAIN LISTED INDIVIDUALS HAD CONTRIBUTIONS VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTIONS ARE REPORTED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION. AMOUNT ACCRUED IN PRIOR YEAR UNDER THE PLAN AND PAID IN THE CURRENT YEAR ARE INCLUDED IN SCHEDULE J, PART II, COLUMN F. PART I, LINE 7 MOST BONUSES ARE FIXED PAYMENTS BASED ON CONTRACTS ESTABLISHED BETWEEN THE BOARD OF TRUSTEES AND THE EMPLOYEE. HOWEVER THERE ARE SOME DISCRETIONARY BONUS PAYMENTS AWARDED FOR EXTRAORDINARY ACHIEVEMENTS. DISCRETIONARY PAYMENTS ARE APPROVED AT A CABINET LEVEL. A PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY 521562288 2012-05-23 11077544 PURCHASE ENERGY CONSERVATION EQUIPMENT 0 0 0 B PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY 521562288 2013-06-19 25000000 REFINANCE 2001 AND 2009 BOND ISSUES AND FUND CONSTRUCTION PROJECTS 0 0 0 C PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY 521562288 2016-04-13 19315100 CONSTRUCTION OF NEW UPPER-CLASSMEN DORMITORY 0 0 0 D PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY 521562288 2017-08-28 25000000 CONSTRUCTION OF NEW STUDENT CENTER 0 0 0 A 6011233 11096806 64700 11032106 2014 0 0 0 1 B 6977100 25000000 300709 4331060 20368231 2013 1 0 0 1 C 2786800 19315100 369131 231655 18130161 584153 2017 0 0 0 1 D 13659800 25000000 3731 258104 24738165 2018 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 1 1 BANKUNITED NA 25.000000000000 0 0 0 0 1 C 0 0 1 0 1 1 BANKUNITED NA 8.500000000000 0 0 0 0 1 D 0 0 1 0 1 1 BANKUNITED NA 8.500000000000 0 0 0 0 1 A 1 B 1 C 1 D 1 PART II, LINE 3, COLUMN A THE TOTAL PROCEEDS OF ISSUE REPORTED IN SCHEDULE K, PART II, LINE 3 FOR THE 2012 BOND ISSUE INCLUDES $19,262 OF INTEREST EARNINGS. NA N/A 1200 SCHOLARSHIPS TUITION ASSISTANCE DONALD ROSS SEE PART V 203053 EMPLOYMENT 0 STEPHANIE JACKSON SEE PART V 104295 EMPLOYMENT 0 GISELLE GERBER SEE PART V 49747 EMPLOYMENT 0 JARED CHALOUX SEE PART V 11159 EMPLOYMENT 0 SCHEDULE L, PART III: GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS:COLLEGES, UNIVERSITIES AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. PURSUANT TO THE INSTRUCTIONS TO FORM 990, SCHEDULE L, PART III, COLUMNS (A) AND (B) HAVE BEEN MARKED N/A.SCHEDULE L, PART IV:RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DONALD ROSS - FATHER OF KEVIN ROSS, PRESIDENTSTEPHANIE JACKSON - WIFE OF ANTHONY ALTIERI, VP FOR STUDENT LIFEGISELLE GERBER - SIBLING OF CHRISTIAN BONIFORTI, CHIEF STRATEGY AND TECHNOLOGY OFFICERJARED CHALOUX - SON OF MATT CHALOUX, FORMER DIRECTOR OF FACILITIES X 1787 166696 FMV X EQUIPMENT 5 420126 EXPERT OPINION X MISC GOODS 4 5991 FMV 0 0 1 0 PART I, COLUMN (B): EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS: OTHER - EQUIPMENT - NUMBER OF ITEMS RECEIVED SECURITIES - PUBLICLY TRADED - NUMBER OF CONTRIBUTIONS FORM 990, PART III, LINE 4A: A FULL RANGE OF ACADEMIC AND SUPPORT PROGRAMS ARE COORDINATED TO SERVE THE INCREASINGLY DIVERSE NEEDS OF UNDERGRADUATE AND GRADUATE STUDENTS. ADDITIONAL AND SPECIALIZED ACADEMIC SUPPORT SERVICES ARE OFFERED TO PROVIDE ACADEMIC ASSISTANCE TO HELP STUDENTS REMAIN IN COLLEGE AND GRADUATE. THESE SERVICES ARE OFFERED TO STUDENTS IN A VARIETY OF FORMS WITH A VARYING FEE SCHEDULE. AN ACADEMIC RESOURCE NAMED THE INSTITUTE FOR ACHIEVEMENT AND LEARNING IS AVAILABLE TO ALL STUDENTS, INCLUDING THOSE WITH DIAGNOSED LEARNING DIFFERENCES. MATH, COMPUTER AND OTHER SUBJECT-AREA TUTORS ASSIST STUDENTS. THE UNIVERSITY, SMALL BY DESIGN, PROVIDES AN ENVIRONMENT WITHIN AND OUTSIDE THE CLASSROOM IN WHICH A COMMUNITY OF LEARNERS CAN PURSUE ACADEMIC EXCELLENCE AND DEVELOP THEIR SKILLS AS RESPONSIBLE GLOBAL CITIZENS. FACULTY, STAFF AND STUDENTS CONTRIBUTE TO AN ATMOSPHERE THAT NURTURES CREATIVITY, FOSTERS ACHIEVEMENT, VALUES DIVERSITY AND ENCOURAGES VOLUNTEERISM. LYNN'S STUDENTS HAVE SPENT NEARLY 54,000 HOURS GIVING BACK TO THE LOCAL COMMUNITY THROUGH THECITIZENSHIP PROJECT, A FOUR-WEEK PROGRAM DURING WHICH FIRST-YEAR STUDENTS PARTICIPATE IN HANDS-ON SERVICE ACTIVITIES. LYNN'S ACADEMIC CURRICULA AND PROGRAMS ARE STRUCTURED TO PROVIDE A BALANCE BETWEEN THE THEORETICAL AND THE PRACTICAL, ALONG WITH OPPORTUNITIES TO BECOME INVOLVED IN COMMUNITY-BASED ORGANIZATIONS AND INDUSTRIES. EDUCATION AND SERVICE ARE FULLY INTEGRATED TO MEET THE CHANGING NEEDS OF THE LOCAL AND GLOBAL COMMUNITY. THIS INTEGRATIVE DESIGN PREPARES OUR GRADUATES TO MEET THE DYNAMIC NEEDS OF THE EMERGING GLOBAL SOCIETY. A RIGOROUS CORE CURRICULUM-THE DIALOGUES-WAS LAUNCHED IN FALL 2008. CORE COURSES ARE REQUIRED THROUGH ALL FOUR YEARS IN THE BACHELOR'S DEGREE PROGRAM. IN EACH CORE CLASS, FACULTY MEMBERS MEASURE STUDENT OUTCOMES IN COMPETENCY AREAS INCLUDING WRITING, QUANTITATIVE REASONING, AND SCIENTIFIC AND TECHNOLOGICAL LITERACY. PRESENTED IN SEMINAR RATHER THAN LECTURE FORMAT, THE CORE COURSES ARE ORGANIZED AROUND LIFE'S BIG QUESTIONS: SELF AND SOCIETY, BELIEF AND REASON, JUSTICE AND CIVIC LIFE, AND QUANTITATIVE REASONING AND SCIENTIFIC LITERACY. EACH JANUARY, ALL STUDENTS ARE REQUIRED TO ATTEND COURSES THAT OFFER INTENSE FOUR-WEEK EXPERIENCES INCLUDING TRAVEL, CIVIC ACTIVISM, CAREER PREP, LANGUAGE AND CULTURE, AND OTHER CREATIVE APPROACHES TO LEARNING. ALL FRESHMEN ARE REQUIRED TO PARTICIPATE IN THE CITIZENSHIP PROJECT. LYNN UNIVERSITY LAUNCHED ITS IPAD-POWERED LEARNING PROGRAM IN 2013. FOLLOWING A SUCCESSFUL PILOT WITH UNDERGRADUATES, LYNN EXTENDED THE PROGRAM TO INCLUDE ALL FACULTY AND STUDENTS. TODAY, FACULTY CREATE FREE, MULTI-TOUCH BOOKS THROUGH THE LYNN UNIVERSITY DIGITAL PRESS. STUDENTS ACCESS COURSE MATERIALS USING CANVAS AND TEXTBOOKS CREATED BY THE LYNN UNIVERSITY DIGITAL PRESS, AND THEY EXPERIENCE ENGAGING MOBILE CONTENT DELIVERED THROUGH LYNN'S DISCUSSION-DRIVEN DIALOGUES CORE CURRICULUM. THEY ALSO SAVE UP TO 90 PERCENT IN TEXTBOOK COSTS. APPLE HAS NAMED LYNN AN APPLE DISTINGUISHED SCHOOL SINCE 2014. MOREOVER, IT RECOGNIZED SEVERAL FACULTY MEMBERS AS APPLE DISTINGUISHED EDUCATORS AND CERTIFIED MANY OTHERS. INSIDE HIGHER ED AND THE CHRONICLE OF HIGHER EDUCATION HIGHLIGHTED LYNN'S PIONEERING WORK, AND U.S. NEWS & WORLD REPORT HAS LISTED LYNN AMONG AMERICA'S MOST INNOVATIVE AND INTERNATIONAL COLLEGES. FORM 990, PART III, LINE 4B: INTERCOLLEGIATE ATHLETIC PROGRAMS ARE OPEN TO ALL STUDENTS IN ACCORDANCE WITH NCAA AND INSTITUTIONAL ELIGIBILITY STANDARDS. INTERCOLLEGIATE TEAMS INCLUDE MEN'S AND WOMEN'S SOCCER, MEN'S AND WOMEN'S BASKETBALL, MEN'S AND WOMEN'S GOLF, MEN'S AND WOMEN'S TENNIS, BASEBALL, SOFTBALL, MEN'S AND WOMEN'S CROSS COUNTRY, MEN'S AND WOMEN'S TRACK, MEN'S AND WOMEN'S LACROSSE, MEN AND WOMEN'S SWIMMING AND WOMEN'S VOLLEYBALL. ALL STUDENT-ATHLETES ARE REQUIRED TO ATTEND SEMINARS ON SUBSTANCE ABUSE AND NCAA STANDARDS THROUGHOUT THE SCHOOL YEAR. IN ADDITION TO INTERCOLLEGIATE SPORTS, STUDENTS ARE ENCOURAGED TO PARTICIPATE IN A WIDE RANGE OF INTRAMURAL PROGRAMS, INCLUDING FLAG FOOTBALL, SOFTBALL, SOCCER AND VOLLEYBALL. AT LEAST ONE REGISTERED NURSE OR PHYSICIAN'S ASSISTANT IS ON DUTY DURING DAYTIME HOURS IN THE HEALTH CENTER, AND WORKS IN CONJUNCTION WITH COMMUNITY MEDICAL SERVICES TO PROVIDE AMPLE HEALTH CARE. THE HEALTH CENTER PROVIDES TREATMENT FOR MINOR AILMENTS. WHEN FURTHER CARE IS NEEDED, REFERRALS ARE MADE TO LOCAL PHYSICIANS AND HEALTH CARE AGENCIES. A STAFF MEMBER ORGANIZES WELLNESS ACTIVITIES INCLUDING YOGA AND EXERCISE CLASSES AS WELL AS STUDENT STRENGTH TRAINING IN LYNN'S FITNESS CENTER. COUNSELING IS PROVIDED ON A PRIVATE OR GROUP BASIS, AND RECORDS ARE MAINTAINED IN STRICT CONFIDENCE BY THE DIRECTOR OF COUNSELING. STUDENTS ALSO ARE URGED TO CONSULT THEIR INDIVIDUAL INSTRUCTORS, RESIDENT ASSISTANTS, AND APPROPRIATE MEMBERS OF THE UNIVERSITY COMMUNITY, ALL OF WHOM ARE PROFESSIONALLY FOCUSED ON ASSISTING STUDENTS. IN ADDITION, ALCOHOL AND SUBSTANCE ABUSE LITERATURE AND REFERRAL SERVICES ARE CONTINUALLY AVAILABLE THROUGH THE COUNSELING CENTER. THE WOMEN'S CENTER PROVIDES PROGRAMMING AND COUNSELING SERVICES AS WELL. THE CAREER AND ALUMNI CONNECTIONS OFFICE PROVIDES A VARIETY OF SERVICES TO ASSIST STUDENTS IN EVALUATING, CHOOSING AND PLANNING A CAREER. PROFESSIONAL STAFF AND CAREER COUNSELORS ARE AVAILABLE TO HELP STUDENTS SET THEIR CAREER GOALS, INVESTIGATE EMPLOYMENT OPPORTUNITIES AND INTERVIEW WITH COMPANIES FOR WHICH THEY WOULD LIKE TO WORK OR INTERN. THE SNYDER SANCTUARY PROVIDES THE LYNN COMMUNITY WITH A MULTI-FAITH PLACE FOR CONTEMPLATIVE THOUGHT AND SPIRITUAL EXPLORATION. FORM 990, PART VI, SECTION A, LINE 1A DELEGATE BROAD AUTHORITY TO A COMMITTEE: THE EXECUTIVE COMMITTEE SHALL HAVE A MINIMUM OF THREE MEMBERS, ALL OF WHOM SHALL BE MEMBERS OF THE BOARD. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE CORPORATION EXCEPT THAT, UNLESS SPECIFICALLY EMPOWERED BY THE BOARD TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, AWARD DEGREES, ALTER THESE BY-LAWS, LOCATE PERMANENT BUILDINGS ON TAX-EXEMPT PROPERTY HELD FOR THE CORPORATION'S PURPOSES, REMOVE OR APPOINT THE PRESIDENT OF THE CORPORATION, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS CHRISTINE LYNN AND JAN CARLSSON - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS A DRAFT OF FORM 990 IS REVIEWED BY AN INDEPENDENT AUDIT FIRM USING AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION PROVIDED BY UNIVERSITY MANAGEMENT. THE DRAFT IS THEN REVIEWED BY THE CFO AND CONTROLLER WITH REVISIONS INCORPORATED INTO A REVISED DRAFT. THE UPDATED DRAFT IS PRESENTED TO THE AUDIT COMMITTEE, THEN POSTED TO THE BOARD PORTAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY EACH YEAR, ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A DISCLOSURE LETTER DETAILING ANY RELATIONSHIPS OR BUSINESS TRANSACTIONS WHERE A POTENTIAL CONFLICT MIGHT EXIST. THESE DISCLOSURES ARE REVIEWED BY THE CFO. IN THE EVENT OF A CONFLICT OF INTEREST, OR THE APPEARANCE OF ANY SUCH CONFLICT, IT IS INCUMBENT UPON THE RELEVANT BOARD MEMBER(S) OR DIRECTOR(S) TO NOTIFY THE BOARD OF THE CONFLICT AND RECUSE THEMSELVES FROM PARTICIPATION IN THE DISCUSSION AND VOTE REGARDING ANY RELATED ISSUES OR TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW PROCESS: THE LYNN UNIVERSITY BOARD OF TRUSTEES ENGAGED COMPENSATION AND BENEFITS EXPERTS TO DEVELOP A REASONABLE EXECUTIVE COMPENSATION STRATEGY TO ENCOURAGE RETENTION AND INCENTIVIZE THE ACHIEVEMENT OF KEY MILESTONES IN THE UNIVERSITY'S STRATEGIC PLAN. THE EXECUTIVE COMPENSATION STRATEGY INCLUDES A COMPREHENSIVE REVIEW OF THE ENTIRE COMPENSATION PACKAGE, WHICH INCLUDES BASE SALARY, INCENTIVE AND DEFERRED COMPENSATION, RETIREMENT PLANS, AND OTHER BENEFITS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS GOALS AND DETERMINES THE PRESIDENT'S COMPENSATION. THE EXECUTIVE COMMITTEE THEN COMMUNICATES THE PERCENTAGE OF THE PRESIDENT'S RAISE TO UNIVERSITY STAFF. THIS PROCESS IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES. PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES: THE PRESIDENT CONDUCTS ANNUAL PERFORMANCE REVIEWS OF ALL OFFICERS, BASED ON PREDETERMINED GOALS. HE THEN MAKES RECOMMENDATIONS REGARDING COMPENSATION TO THE CHAIR OF THE BOARD FOR APPROVAL. THE UNIVERSITY RETAINED AN OUTSIDE EXPERT TO PERFORM A COMPENSATION STUDY OF ALL EMPLOYEES, INCLUDING OFFICERS OF THE ORGANIZATION. THIS COMPREHENSIVE STUDY WAS PERFORMED APPROXIMATELY 5 YEARS AGO; HOWEVER, THE UNIVERSITY RECEIVES ONGOING GUIDANCE REGARDING ANNUAL INCREASES TO ENSURE THAT THESE ANNUAL INCREASES ARE COMPARABLE AND REASONABLE BASED ON MARKET CONDITIONS, THROUGH THE USE OF CUPA-HR DATA, AS NEW POSITIONS ARE CREATED, OR AS MARKET CONDITIONS WARRANT. THE UNIVERSITY PROVIDES BENEFITS ACCORDING TO WRITTEN STANDARD POLICIES. IF ANY BENEFIT IS PROVIDED OUTSIDE OF THESE POLICIES, BOARD APPROVAL IS REQUIRED. THIS PROCESS IS DOCUMENTED IN EACH EMPLOYEE'S FILE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO PUBLIC: FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THEREFORE, THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. THE CONFLICT OF INTEREST POLICY IS PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON FINANCIAL DERIVATIVES 2,455,065.