2021-12-17T10:53:44-06:00 2021-05-31 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2020-06-01 590722789 SOUTHEASTERN UNIVERSITY INC % PHILLIP SCHMITT SOUT 8636675000 1000 LONGFELLOW BOULEVARD LAKELAND FL 338016034 JEFFREY B SPEAR VP OF FINANCE 8636675000 2022-04-15 true JEFFREY B SPEAR 999009999 Lauren R Denton P01571860 2604604000 2 2020 2022-09-23 18:48:47Z JEFFREY B SPEAR 1000 LONGFELLOW BOULEVARD LAKELAND FL 338016034 130780756 false X WWW.SEU.EDU X 1935 FL TO PROVIDE EDUCATION IN A CHRIST-CENTERED, STUDENT-FOCUSED ENVIRONMENT. 25 24 2087 0 0 10096021 18653090 118462802 111917808 452092 170087 405104 27798 129416019 130768783 35827779 37638442 0 0 51314938 47421119 60499 177309 1019536 36694081 44095965 123897297 129332835 5518722 1435948 135061336 138909409 107551160 107952505 27510176 30956904 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 105220052 37331961 100960788 ASSOCIATED WITH THE ASSEMBLIES OF GOD DENOMINATION, SOUTHEASTERN UNIVERSITY ENROLLS OVER 9,400 STUDENTS, BOTH TRADITIONAL AND NONTRADITIONAL, WHO REPRESENT A VARIETY OF DENOMINATIONS, PERSONAL INTERESTS, BACKGROUNDS, STATES, AND COUNTRIES. SOUTHEASTERN UNIVERSITY OFFERS MORE THAN 75 UNDERGRADUATE DEGREE PROGRAMS AND 25 GRADUATE PROGRAMS, INCLUDING 5 DOCTORAL DEGREES. CLASSES ARE OFFERED IN TRADITIONAL, ONLINE, EXTENSION SITES AND EVENING FORMATS. GRADUATES ARE ENCOURAGED TO IMPACT CULTURE THROUGH A LIFESTYLE OF EXCELLENCE AND INTEGRITY. SOUTHEASTERN UNIVERSITY'S DEDICATION TO STUDENTS' SPIRITUAL AND INTELLECTUAL GROWTH PROVIDES A FRAMEWORK FOR CHRIST-CENTERED LIVING BOTH IN AND OUTSIDE THE CLASSROOM. TUITION AND FEES IS THE LARGEST PROGRAM OF OUR GROWING STUDENT BODY. 8127331 306481 10984292 AUXILIARY ENTERPRISES IS THE SECOND LARGEST PROGRAM AS WE CONTINUE TO INVEST IN OUR CAMPUS CULTURE BY OFFERING CAMPUS HOUSING AND FOOD SERVICE OPTIONS TAILORED TO MEET THE MAJORITY OF OUR STUDENTS NEEDS. 113347383 true true false false false false false false false true true true false false true false false true true false true false false true true false false false true true true false false false false false false false false false false false false false false false true false false false true 9239 0 2087 true false false false false false true true false false false false false false X 25 24 true false false false false false false true true false false true true true true true true true true false FL X PHILLIP SCHMITT 8636675000 1000 LONGFELLOW BOULEVARD LAKELAND FL 33801 X DR KENT INGLE PRESIDENT 40.0 0.0 X X 292184 0 106500 DR J CHRIS OWEN EXECUTIVE VICE PRESIDENT 40.0 0.0 X 233395 0 75067 JEFFREY B SPEAR VP FOR FINANCE/CFO 40.0 0.0 X 223569 0 0 DR WILLIAM HACKETT PROVOST EMERITUS 40.0 0.0 X 165825 0 51502 ROY ROWLAND IV VP FOR ENROLLMENT MANAGEMENT 40.0 0.0 X 203527 0 0 DENNIS ROSS PROFESSOR, POLITICAL SCIENCE 40.0 0.0 X 161848 0 0 DR BETHANY THOMAS VP FOR STUDENT DEVELOPMENT 40.0 0.0 X 149154 0 0 AMY BRATTEN ASSOCIATE PROVOST 40.0 0.0 X 136411 0 3408 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 DAVID DOCUSEN TRUSTEE 1.0 0.0 X 0 0 0 DINO RIZZO TRUSTEE 1.0 0.0 X 0 0 0 DOUGLAS WITHERUP TRUSTEE 1.0 0.0 X 0 0 0 JEFFERY PORTMANN TRUSTEE 1.0 0.0 X 0 0 0 JENNIFER CLOSSHEY TRUSTEE 1.0 0.0 X 0 0 0 TOMMY BARNETT 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 KENNETH DRAUGHTON TRUSTEE 1.0 0.0 X 0 0 0 LUKE BARNETT TRUSTEE 1.0 0.0 X 0 0 0 MARK BATTERSON 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 STEVEN MASON TRUSTEE 1.0 0.0 X 0 0 0 TERRY ROBERTS TRUSTEE 1.0 0.0 X 0 0 0 ABNER ADORNO TRUSTEE 1.0 0.0 X 0 0 0 BOB SANDLER TRUSTEE 1.0 0.0 X 0 0 0 DR GABRIEL SALGUERO TRUSTEE 1.0 0.0 X 0 0 0 1565913 0 236477 24 false true false WILEY EDUCATION SERVICES LLC PO BOX 416571 BOSTON MA 02241 ONLINE RECRUITING 6086772 CHARTWELLS SOUTH REGION 2924 KNIGHTS LN BLDG 5 JACKSONVILLE FL 32216 FOOD SERVICE 4781770 FOLLETT HIGHER EDUCATION GROUP 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE 1250939 HIGHLANDS COLLEGE 1701 LEE BRANCH LANE BIRMINGHAM AL 35242 COURSE REVENUE SHARE 883052 JENZABAR INC PO BOX 55018 BOSTON MA 02205 SOFTWARE SUPPORT 775308 64 5934 18647156 1000 18653090 Tuition and Fees 611600 99173563 99173563 Auxiliary Enterprises 561160 10984292 10984292 OTHER PROGRAM REVENUE 561160 1759953 1759953 111917808 169273 169273 0 0 0 0 0 814 814 814 814 12499 5934 11973 526 526 0 0 0 0 0 0 DEBT RECOVERIES 611710 27272 27272 27272 130768783 111945080 170613 0 37638442 37638442 0 0 2330493 1843156 460225 27112 0 35569005 28131049 7024156 413800 1955387 1546490 386149 22748 5270640 4168479 1040844 61317 2295594 1815555 453333 26706 0 469530 469530 195739 195739 0 177309 177309 3983 3983 3307072 2615519 653080 38473 1048345 829122 207027 12196 2552217 2018514 504011 29692 1569518 1241311 309948 18259 0 1709192 1351777 337531 19884 888459 702670 175453 10336 0 274996 217491 54306 3199 3839136 3036322 758151 44663 0 6819420 5393388 1346697 79335 1233076 975224 243507 14345 Instruction and Program 6401283 6401283 Food Service 2852172 2852172 Study Abroad/Missions 1257516 1257516 BAD DEBT EXPENSE 3120676 3120676 6553635 6191227 342246 20162 129332835 113347383 14965916 1019536 2344312 63667 5328290 10080844 2542681 2228155 8483990 4040324 0 0 0 0 0 0 3580 635 517464 251818 172631252 77686896 97972571 94944356 328064 9068378 16172727 17160293 949129 766860 0 0 418528 304079 135061336 138909409 8944811 8668217 443177 7102 3830061 4054725 54939473 53281599 0 0 0 0 27743051 23947662 4820567 5452318 6830020 12540882 107551160 107952505 X 12762053 16623275 14748123 14333629 27510176 30956904 135061336 138909409 X 1435948 198825 1811955 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9809282 18911 459534 140629 96332 10050766 9097593 442200 419223 149734 9809282 8521757 394068 317311 135543 9097593 7640175 533939 488545 140902 8521757 9235798 373760 1258536 175076 3052843 7640175 1.00000 false false 5807067 5807067 140159884 60963398 79196486 20663283 14014681 6648602 6001018 2708817 3292201 94944356 CERTIFICATE OF DEPOSIT 17160293 C 17160293 0 SWAP Valuation Allowance 3819820 CAPITAL LEASE PAYABLE 2931085 OTHER LIABILTIES 3790893 LINE OF CREDIT 1999084 12540882 93337156 198825 11973 210798 93126358 3983 37638442 37642425 130768783 91702383 11973 11973 91690410 3983 37638442 37642425 129332835 SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS ARE TO BE USED BY THE UNIVERSITY TO FUND STUDENT SCHOLARSHIPS AND FUTURE CAMPUS BUILDING PROJECTS. 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 SPECIAL EVENT EXPENSE $ 11,973 SCHEDULE D, PART XI & XII, LINE 4B STUDENT FINANCIAL AID $ 37,638,442 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 ORGANIZATION CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS CONSISTENT WITH THE PUBLICITY EXCEPTION FOUND IN REV. PROC. 75-50 SECTION 4.03(2)(B). 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. true East Asia and the Pacific PROGRAM SERVICES STUDY ABROAD & MISSION 16083 Europe (Including Iceland and Greenland) PROGRAM SERVICES STUDY ABROAD & MISSION 2653 Middle East and North Africa PROGRAM SERVICES STUDY ABROAD & MISSION 18284 North America PROGRAM SERVICES STUDY ABROAD & MISSION 211101 South America PROGRAM SERVICES STUDY ABROAD & MISSION 5028 South Asia PROGRAM SERVICES STUDY ABROAD & MISSION 1920 255069 255069 false false false false false false X X X X X X X true MINISTRY ADVANCE 24816 SW 17TH PLACE SAMMAMISH WA 98075 FUNDRAISING false 177309 -177309 177309 -177309 FL RED BLACK&BOOM 18433 5934 12499 1050 1246 1590 1650 6437 0 18433 5934 12499 1050 1246 1590 1650 6437 11973 526 true SCHOLARSHIPS AND TUITION ASSISTANCE 4759 37638442 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 270126 0 6500 0 15558 0 0 0 106500 0 398684 0 DR J CHRIS OWEN EXECUTIVE VICE PRESIDENT 224304 0 5000 0 4091 0 0 0 75067 0 308462 0 JEFFREY B SPEAR VP FOR FINANCE/CFO 218419 0 2500 0 2650 0 0 0 0 0 223569 0 DR WILLIAM HACKETT PROVOST EMERITUS 135885 0 2500 0 27440 0 0 0 51502 0 217327 0 ROY ROWLAND IV VP FOR ENROLLMENT MANAGEMENT 199587 0 2500 0 1440 0 0 0 0 0 203527 0 DENNIS ROSS PROFESSOR, POLITICAL SCIENCE 147616 0 150 0 14082 0 0 0 0 0 161848 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, PRESIDENT; DR. CHRIS OWEN, EXECUTIVE VICE PRESIDENT; DR. ANDREW PERMENTER, VP FOR INSTITUTIONAL RESEARCH; NICK WALLSTEADT, VP FOR UNRESTRICTED EDUCATION; JUSTIN LATHROP, VP OF STRATEGIC PARTNERSHIPS; AND DR. WILLIAM HACKETT, PROVOST EMERITUS. 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 596000354 2013-11-26 10000000 EDUCATIONAL FACILITIES REV REFUND false false false B CITY OF LAKELAND 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 2808745 0 10000000 0 0 0 0 0 0 0 10000000 0 true false true true B 2808745 0 10000000 0 0 0 0 0 0 0 10000000 0 true false true true C 2808745 0 10000000 0 0 0 0 0 0 0 10000000 0 true false true true D 943740 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 596000354 2015-07-13 33000000 EDUCATIONAL FACILITIES REVENUE BON false false false A 3491798 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 OF 10. false false false 0 false true A true 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 IS A PAID EMPLOYEE OF SOUTHEASTERN UNIVERSITY AND IS CONSIDERED NON-INDEPENDENT. FORM 990, PART VI, SECTION A, LINE 2 DR. WILLIAM HACKETT, PROVOST EMERITUS AND DR. J. CHRIS OWEN, EXECUTIVE VICE PRESIDENT 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. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS CHANGE IN INTEREST RATE SWAP $ 1,811,955 SOUTHEASTERN UNIVERSITY FOUNDATION INC 1000 LONGFELLOW BLVD LAKELAND FL 33801 463844101 FUNDRAISING FL 501(c)(3) LINE 12B,II SEU false false false false false false false false false false false false false false false false false false false false