2022-05-14T08:19:25-07:00 2021-06-30 990 2020-07-01 590624416 STETSON UNIVERSITY INC STET 3868227015 421 N Woodland Blvd DeLand FL 327238417 Frank Robert Huth Jr Executive Vice President and CFO 3868227015 2022-05-16 1 11 0 AAL2 2020 2022-09-23 18:48:47Z Frank Robert Huth Jr 421 N Woodland Blvd Unit 8278 DeLand FL 32723 374617289 0 X www.stetson.edu X 1883 FL Our mission at Stetson University is to provide an excellent education in a creative community where learning and values meet, and to foster in students the qualities of mind and heart that will prepare them to reach their full potential as informed citizens of local communities and the world. 35 34 2487 29 2655056 509846 11813090 19901566 219339017 216390139 13364697 50766194 2046220 1436192 246563024 288494091 100436783 110035976 0 0 85451777 82270022 33493 0 3376533 55422942 54279476 241344995 246585474 5218029 41908617 588771463 684046890 184675673 190329326 404095790 493717564 Stetson Mission: Our mission at Stetson University is to provide an excellent education in a creative community where learning and values meet, and to foster in students the qualities of mind and heart that will prepare them to reach their full potential as informed citizens of local communities and the world. 0 0 204416319 110035976 197930488 Educational: The University provides high quality educational services to students on three different campuses, serving over 3,100 undergraduate students and approximately 1,300 graduate and post-baccalaureate students. The University is committed to its strong liberal arts heritage, offering over 75 major and minor programs in various fields of study. The University offers numerous graduate degree programs, along with Juris Doctor, Master of Laws, and Master of Jurisprudence degrees. The undergraduate student to faculty ratio is 13.1:1; The DeLand campus has 235 full-time faculty members, 91 percent of who hold a Ph.D. or equivalent degrees. The College of Law campus has 43 full-time professors and is supplemented by over 50 experienced practitioners in specialized areas. Grants and scholarships were provided to students based on talent, academic, and athletic achievement and financial need. 23029788 18459651 Auxiliary enterprises: The University auxiliary enterprises are for the convenience and benefit of its students, faculty, and staff. These services include a wide variety of students housing options, including dormitories and apartment-style accommodations. In addition, the University offers full array of dining services, student convenience store, and campus bookstore. 0 0 0 227446107 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 1 6373 0 1 2487 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 34 1 0 1 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 FL X Frank Robert Huth Jr 3868227015 421 N Woodland Blvd DeLand FL 327238417 Wendy B Libby Former President/Trustee 70 0 X 717578 0 50198 Frank R Huth EVP and CFO 60 0 X 325136 0 128872 Noel Painter EVP and Provost 60 0 X 293421 0 75706 Rebecca Morgan Professor of Law 40 0 X 285455 0 38622 Michele Alexandre Dean of Law School 60 0 X 271605 0 37889 Darryl Wilson Professor of Law and Associate Dean 40 0 X 261716 0 39603 Peter Lake Professor of Law 40 0 X 246100 0 32999 Neal Mero Dean of the School of Business 60 0 X 259388 0 19334 Kristen Adams Former Dean of Law School 60 0 X 239260 0 37107 Roy Gardner Professor of Law 40 0 X 231672 0 28866 Jeffrey Ulmer VP for University Relations 60 0 X 212508 0 24911 Jeffrey Altier Athletic Director 60 0 X 192118 0 44110 Lua Hancock VP for Campus Life and Student Success 60 0 X 183301 0 50219 Bruce Chong VP for University Marketing and Communication 60 0 X 172920 0 55221 Christopher F Roellke President/Trustee 70 0 X X 196208 0 6508 Joel Bauman VP Enrollment Management 60 0 X 143384 0 25909 Steven Alexander Trustee 0 0 X 0 0 0 Maureen Breakiron-Evans Trustee 0 0 X 0 0 0 Susan P Brockway Trustee 0 0 X 0 0 0 Cynthia R Brown Trustee 0 0 X 0 0 0 J Hyatt Brown Trustee 0 0 X 0 0 0 Yvonne Chang Trustee 0 0 X 0 0 0 Thomas Christopher Trustee 0 0 X 0 0 0 Gregory Coleman Trustee 0 0 X 0 0 0 Joe R Cooper Trustee 0 0 X 0 0 0 Bruce Dahlgren Trustee 0 0 X 0 0 0 Michael T Davis Trustee 0 0 X 0 0 0 Wilfried Florin Trustee 0 0 X 0 0 0 Richard C George Trustee 0 0 X 0 0 0 R Dean Hollis Trustee 0 0 X 0 0 0 Thomas M Horton Trustee 0 0 X 0 0 0 Lila A Jaber Trustee 0 0 X 0 0 0 Tony Jenkins Trustee 0 0 X 0 0 0 Betty D Johnson Trustee 0 0 X 0 0 0 Laurel Kent Trustee 0 0 X 0 0 0 Gerald Kruhm Trustee 0 0 X 0 0 0 Brenda H Lopez Trustee 0 0 X 0 0 0 Christine E Lynn Trustee 0 0 X 0 0 0 Joshua Magidson Trustee 0 0 X 0 0 0 Luis Maldonado Trustee 0 0 X 0 0 0 Ranell T Mason Trustee 0 0 X 0 0 0 Daniel McCarthy Trustee 0 0 X 0 0 0 Thomas Patton Trustee 0 0 X 0 0 0 Robert Pocica Trustee 0 0 X 0 0 0 Luis Prats Trustee 0 0 X 0 0 0 David B Rinker Trustee 0 0 X 0 0 0 William Voges Trustee 0 0 X 0 0 0 John Walda Trustee 0 0 X 0 0 0 Charles A Wolfe Trustee 0 0 X 0 0 0 Kenneth Ziesenheim Trustee 0 0 X 0 0 0 4231770 0 696074 122 1 1 0 Chartwells PO Box 91337 Chicago IL 606931337 Food Service 3521580 Campbell Associates Construction Inc 2200 Campbell Cove Trail DeLeon Springs FL 32130 Construction 1463886 EAB Global Inc PO Box 603519 Charlotte NC 28260 Educational Services 1045257 Bomar Construction Inc 27 S Orchard Street Ormond Beach FL 32174 Construction 851063 Vivid Energies Corp 1320 E Christina Court Arlington Heights IL 60004 Construction 619115 42 0 0 14212 0 7322850 12564504 530177 19901566 Tuition and Fees 611310 196976955 196976955 0 0 Residential Room Charges 721310 11841757 11841757 0 0 Dining Services 722310 6368532 6368532 0 0 Sales of Educational Services 611699 612218 612218 0 0 Athletics 711211 250356 250356 0 0 340321 340321 0 0 216390139 10766337 0 2506262 8260075 0 0 0 0 7587 0 0 7587 755850 0 642751 0 113099 0 113099 0 148794 -35695 125443905 24450 85468498 0 39975407 24450 39999857 39999857 0 0 16656 14212 11949 4707 0 4707 0 0 0 0 0 0 0 0 0 0 0 0 Contractor's investment to capital 900099 489497 489497 0 0 Sponsorship 900099 368394 368394 0 0 Traffic 900099 152484 152484 0 0 300424 300424 0 0 1310799 288494091 257700795 2655056 8236674 0 0 110035976 110035976 0 0 0 0 2625932 1042636 1132930 450366 0 0 0 0 60263487 53884308 4703638 1675541 2897020 2530226 268863 97931 12321445 10761418 1143514 416513 4162138 3635167 386275 140696 1862 0 1862 0 257413 9034 248379 0 211760 250 211510 0 344 0 0 344 0 0 1525736 0 1525736 0 3684341 2882363 684874 117104 850649 428090 377677 44882 4578472 3658513 769475 150484 3497972 3097397 380155 20420 0 0 0 0 9662698 9241724 385579 35395 1141289 1130886 3251 7152 0 0 0 0 186803 159396 24887 2520 5878528 5692457 140980 45091 0 0 0 0 11100072 10432939 588562 78571 2129351 750824 1378063 464 Dining Services/Catering 3801278 3772818 13725 14735 Athletics 692159 678798 0 13361 Subscriptions 970810 901892 32831 36087 Memberships & Dues 540939 358802 178723 3414 3567000 2360193 1181345 25462 246585474 227446107 15762834 3376533 114765 114665 54592321 66215157 13209953 16542706 2269439 2854130 3819997 2611042 306498 270352 2800970 2948171 365893990 172361935 196108427 193532055 299574297 378375166 0 0 0 0 0 0 15974796 20583446 588771463 684046890 14137774 17123387 10478314 14861461 87813941 86007006 0 0 0 0 137500 137500 52500935 52513596 19607209 19686376 184675673 190329326 X 163162919 190412406 240932871 303305158 404095790 493717564 588771463 684046890 X 41908617 46012366 0 0 0 1700791 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 344 0 0 344 0 Schedule C, Part II-B, Line 1 The University's lobbying activities consist of travel to Tallahassee, the state capital of Florida, to maintain contact with State Legislative representatives. 0 3244850 0 0 X X X 0 308450010 6409379 95554523 6299005 10307948 1516458 392290501 261956833 45897814 14141093 4868779 7769215 907736 308450010 247927003 8832296 17482790 4566514 6871066 847676 261956833 235954666 2275154 21083492 4365713 6174229 846367 247927003 212432304 6666079 27682769 3947941 6337879 540666 235954666 0.31 0.69 0 1 0 1146500 8815510 9962010 0 289603979 120505744 169098235 0 0 0 0 0 38056344 28836986 9219358 0 28271657 23019205 5252452 193532055 Annuities Payable 2016227 Deposits/Held for Others 409685 Operating Leases Payable 2262627 Post Retirement Benefits 4697926 Refundable Gov't Loan Funds 3847666 Unamortized Premiums 6452245 19686376 223455952 46012366 0 0 -110188297 -64175931 287631883 1525736 -663528 862208 288494091 135687290 0 0 0 663528 663528 135023762 1525736 110035976 111561712 246585474 Schedule D, Part III, Line 4 The majority of the University art collection includes a significant body of work from the renowned German painter, Oscar Bluemner. This portion of the collection was valued at $2,621,000 at the time it was gifted to the University in 2000. Additional works from various artists, including several paintings and sculpture, have been gifted to the University's collections over the years. These works, along with the art contributed by Stetson students, are currently housed in the Hand Art Center, where both the Stetson community and the public may study and enjoy them. The Gillespie Museum of Minerals is Stetson University's earth science collection museum. The museum's collection of 20,000 mineral, rock, and fossil specimens is valued at $402,431. The museum has developed over the past fifty years into a center for environmental education. Exhibits and Displays include geology, native Florida ecosystems and plant landscapes, minerals and mining, and fluorescent rocks. Schedule D, Part V, Line 4 The University endowment funds are used primarily for the benefit of students, faculty support, program support and facilities. The majority of endowment funds go to support student scholarships, including awards for merit, athletic participation and financial need. Endowment funds support several faculty chair positions, as well as general faculty salaries and benefits. Several university programs, such as the Roland George investment program and the Hollis renaissance program are fully supported by endowments. Additionally, the endowment provides facilities maintenance and support for existing institutional buildings and dormitories. Schedule D, Part XI, Line 2d Scholarships <$110,035,976>, Write-off of Uncollectible Pledges <$427,024>, Actuarial Adjustment $275,070, Interfund transfer <$367>. Schedule D, Part XI, Line 4b Rental <$642,751>, Fundraising expenses <$11,949>, UBI investment expense <$8,828>. Schedule D, Part XII, Line 2d Rental $642,751, Fundraising expenses $11,949, UBI investment expense $8,828. Schedule D, Part XII, Line 4b Scholarships $110,035,976. 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 University bulletin is made available to all prospective students via the University's website. Schedule E, Part I, Line 6 Stetson University participates in numerous federal and state programs listed in Stetson's single audit report under OMB Circular A-133 and the Single Audit Act of the state of Florida. Federal Programs are as follows: US Department of Education, US Department of Justice, US Environmental Protection Agency, National Science Foundation, US Department of Commerce, US Department of Health and Human Services, and US Department of the Interior. State Programs are as follows: Florida Department of Education, Department of Highway Safety and Motor Vehicles, and Department of State and Secretary of State. Europe (including Iceland and Greenland) 0 1 Program Services Study Abroad - Spain 9895 Middle East and North Africa 0 0 Program Services Recruiting Services - Saudi Arabia 167063 0 1 176958 0 0 0 0 0 0 Chipper Jones 30868 14212 16656 0 3791 4051 3013 0 1094 0 0 30868 14212 16656 0 3791 4051 3013 0 1094 11949 4707 1 See Schedule I, Part IV, Statement 1 4110 110035976 0 Scholarships are for talent, academic merit, athletic participation, and financial need. Schedule I, Part I, Line 2 Stetson University ensures each scholarship is used for its intended purpose by applying the award amount directly to the recipient's student ledger. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 Christopher F Roellke President/Trustee 196208 0 0 0 0 0 0 0 6508 0 202716 0 0 0 Noel Painter EVP and Provost 293421 0 0 0 0 0 50052 0 25654 0 369127 0 0 0 Frank R Huth EVP and CFO 325136 0 0 0 0 0 105884 0 22988 0 454008 0 0 0 Joel Bauman VP Enrollment Management 143384 0 0 0 0 0 14754 0 11155 0 169293 0 0 0 Jeffrey Ulmer VP for University Relations 212508 0 0 0 0 0 14318 0 10593 0 237419 0 0 0 Jeffrey Altier Athletic Director 189539 0 0 0 2579 0 33087 0 11023 0 236228 0 0 0 Bruce Chong VP for University Marketing and Communication 172920 0 0 0 0 0 30793 0 24428 0 228141 0 0 0 Lua Hancock VP for Campus Life and Student Success 183301 0 0 0 0 0 31745 0 18474 0 233520 0 0 0 Michele Alexandre Dean of Law School 271605 0 0 0 0 0 18361 0 19528 0 309494 0 0 0 Rebecca Morgan Professor of Law 285455 0 0 0 0 0 16584 0 22038 0 324077 0 0 0 Darryl Wilson Professor of Law and Associate Dean 261716 0 0 0 0 0 13813 0 25790 0 301319 0 0 0 Peter Lake Professor of Law 246100 0 0 0 0 0 12573 0 20426 0 279099 0 0 0 Neal Mero Dean of the School of Business 259388 0 0 0 0 0 17145 0 2189 0 278722 0 0 0 Roy Gardner Professor of Law 231672 0 0 0 0 0 15723 0 13143 0 260538 0 0 0 Wendy B Libby Former President/Trustee 639857 0 55307 0 22414 0 28500 0 21698 0 767776 0 0 0 Kristen Adams Former Dean of Law School 239260 0 0 0 0 0 13400 0 23707 0 276367 0 0 0 Schedule J, Part I, Line 1a The President's spouse accompanies him on business related travel when her presence is expected and necessary for the event. Travel expenses for spousal or companion travel are not reimbursed under the current University policy, except in very limited cases where the president's spouse is required or is expected to attend the function. The President is provided a residence on campus. Along with providing housing for the President and his family, the residence is also used for various university events and functions hosted by the President. Staff employed by the University provides housekeeping services at the President's residence. Catering services are also provided for university functions and events held at the President's residence for University purpose. Schedule J, Part I, Line 4 The University contributes to a supplemental nonqualified retirement plan under IRC Section 457(f) for the benefit of Noel Painter, Executive VP and Provost; F. Robert Huth, Executive VP and CFO; Jeffrey Altier, Director of Athletics; and Bruce Chong, VP for University Marketing and Communication; and Lua Hancock, VP for Campus Life and Student Success. The collective amount contributed by the University for calendar year 2020 of $171,055 is included on Schedule J, Part II, Column (C). Amounts contributed are unfunded and subject to a substantial risk of forfeiture pursuant to the years of service requirement under this plan. A Volusia County Educational Facilities Authority 800000613 928836LXI 2015-04-01 107948319 Finance certain property acquisitions, renovations, and improvements to the University DeLand and Gu 0 0 0 A 9875000 0 107948319 0 2706566 0 902842 0 0 48170579 56168333 0 1 0 1 1 A 0 1 0 0 0.008 0 0.008 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I, Column f-04/01/2015 107,948,319 Volusia County Educational Facilities Authority Finance certain property acquisitions, renovations, and improvements to the University's DeLand and Gulfport campuses. Refund all of the Volusia County Educational Facilities Revenue and Refunding Bonds (Stetson University, Inc. Project), Series 2005, Series 2010, and Series 2011. Paid off bank loan made to the University from 5th3rd Bank, dated March 18, 2013. J Hyatt Brown Trustee 2378007 Insurance Brokerage Services provided by Trustee's corporation. 0 Cynthia R Brown Trustee 0 Insurance Brokerage Services provided by Trustee's corporation. 0 X 1 1000 FMV X 2251 FMV X 540 FMV X 19 466269 FMV X 6 750 FMV X Gift in Kind 7 59240 FMV X Event Food/Supplies 2 127 Actual Cost 1 0 1 0 Form 990, Part VI, Section A, Line 2 The following Board member(s) has a family relationship during fiscal year 2020-2021. J. Hyatt Brown and Cynthia R. Brown (husband and wife). Form 990, Part VI, Section A, Line 4 Stetson University's Articles of Incorporation's Introduction section was updated to include Stetson's 10th president, Christopher F. Roellke, who promotes programs that honor the deep history and heritage of the institution in an inclusive, non-sectarian way supporting the educational mission as a University. It was also updated to note that at Stetson, the art of teaching is practiced through programs solidly grounded in a tradition of liberal learning that stimulates critical thinking, imaginative inquiry, creative expression, and lively intellectual debate. Article VIII was also updated to remove the individual names of the Board of Trustees. The Board of Trustees approved these updates on May 7, 2021. Form 990, Part VI, Section A, Line 7a The Chairs of the four Advisory Boards (A&S, Music, Business, and Law) and the Alumni Association President are all ex-officio voting members of the Board of Trustees during their terms. Form 990, Part VI, Section B, Line 11b Prior to the May's Board of Trustees meeting, the University provides a draft copy of the Form 990 to the individual members of the Board of Trustees for review. The audit committee of the Board formally reviews and discusses the return, and members are given the opportunity to request or provide additional information before the return is filed. Form 990, Part VI, Section B, Line 12c The University's Conflict of Interest Policy is included in the articles of incorporation and the University's bylaws. Annually, the Board of Trustees members must complete a conflict of interest disclosure statement. The audit committee of the Board reviews the information from these forms for possible conflict issues. The audit committee is responsible for enforcement and disclosure of issues and any required action. Board members are required to recuse themselves from voting on any matter in which a conflict of interest exists. The conflict of interest policy that pertains to officers and any other employee of the University is included in the University's personnel policies manual. Form 990, Part VI, Section B, Line 15 The compensation of the President of the University is reviewed annually by the presidential development and compensation committee of the Board of Trustees for appropriateness. Any increase or adjustment to the annual compensation must be approved by the Board. The University uses comparative data from CUPA, NACUBO, and other survey and database resources to determine salary ranges and increases for officers and other key employees. Their salary must be approved by the President and documented in their permanent employee records. Form 990, Part VI, Section C, Line 19 Copies of the University's governing documents, conflict of interest policy, and financial statements are available to the public upon a formal request to the Executive Vice-President and CFO. Electronic versions of the financial statements are available on the University's website. Form 990, Part XI, Line 9 Change in Actuarial Value Annuities (20a) of $275,070; Change in Investment in Value of Related Entity - Dana Foundation of $1,036,769; Change in Allowance for Uncollectible Pledges of <$427,024>; Change in OPEB liability $1,029,031, Donor Life Insurance <$212,688>, and Interfund transfer <$367>. GSH Investments LLC 421 N Woodland DeLand FL 32723 352520555 Property Management FL 50256 1328526 Stetson University Inc The Charles A Dana Law Center Foundation 1401 61st Street South Gulfport FL 337073299 596135559 Contributions - Stetson Univ College of Law FL 501(c)(3) Line 5 Stetson University Inc 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The Charles A Dana Law Center Foundation c 83134 All allocated interest & dividends