2021-05-17T14:44:34-05:00 2020-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2019-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE VICE PRESIDENT 4236148000 2021-05-17 1 MARK WOOLWINE P00647446 5404433606 2021-05-15 2019 2022-09-23 18:48:47Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 37311 106104009 0 X WWW.LEEUNIVERSITY.COM X 1918 TN LEE UNIVERSITY IS A CHRISTIAN INSTITUTION WHICH OFFERS LIBERAL ARTS AND PROFESSIONAL EDUCATION ON BOTH THE BACCALAUREATE 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. 16 16 2410 0 0 0 7441775 11468687 97951222 94206766 1036906 691561 -64579 -263005 106365324 106104009 28428447 29350971 0 0 42555991 42173913 0 0 0 33513875 31350859 104498313 102875743 1867011 3228266 183656123 201404012 34813785 49144792 148842338 152259220 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 59115227 29350971 82177151 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 4,265 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 3418156 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. 12841580 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 9322520 11766610 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM. 9322520 11766610 84697483 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 1 232 0 1 2410 1 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 TN X THE ORGANIZATION 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 MARTY BAKER DIRECTOR 2.00 X 0 0 0 EMMITT BEALL 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 II DIRECTOR 2.00 X 0 0 0 HECTOR DIAZ DIRECTOR 2.00 X 0 0 0 KENNETH JONES JR DIRECTOR 2.00 X 0 0 0 DENNIS LIVINGSTON CHAIR 2.00 X 0 0 0 WADE LOMBARD DIRECTOR 2.00 X 0 0 0 JERRY MADDEN DIRECTOR 2.00 X 0 0 0 BYRON MEDLIN 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 LEE STORMS DIRECTOR 2.00 X 0 0 0 CLAYTON WATSON DIRECTOR 2.00 X 0 0 0 DAVID RAMIREZ DIRECTOR 2.00 X 0 0 0 PAUL CONN PRESIDENT 40.00 X 162897 0 56550 CHRIS CONINE CHIEF FINANCIAL OFFICER 40.00 X 146346 0 35010 DEBORAH MURRAY CHIEF ACADEMIC OFFICER 40.00 X 118819 0 11461 BRADLEY MOFFETT PROFESSOR 40.00 X 104757 0 26583 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 40.00 X 125863 0 33291 SARA CAMPBELL DEAN OF SCHOOL OF NURSING 40.00 X 119404 0 25935 JAYSON VANHOOK VP FOR INFO SYS/ASSOC PROF 40.00 X 116927 0 32100 MARK WALKER VP FOR MINISTERIAL DEVELOP 40.00 X 131995 0 46903 1027008 0 267833 8 0 1 0 SODEXO 1120 NORTH OCOEE ST CLEVELAND TN 37311 FOOD SERVICE/CATERING 3515156 TRICON INC 2040 NORTH OCOEE ST CLEVELAND TN 37311 CONSTRUCTION 598512 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE 553900 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYMPIC BLVD PASADENA CA 91199 COMPUTER LEASE 459498 FIELDTURF USA INC 175 N INDUSTRIAL BLVD NE CALHOUN GA 30701 LANDSCAPING 411854 19 5037635 6431052 11468687 TUITION & FEES 611310 79012707 79012707 RESIDENCE HALLS 611710 6582314 6582314 DINING HALL 611710 4738572 4738572 OTHER 611710 3427449 3427449 OTHER AUXILIARY 611710 292094 292094 153630 153630 94206766 314358 314358 377203 0 377203 377203 377203 OTHER 611710 -263005 -263005 -263005 106104009 93943761 0 691561 29350971 29350971 34533038 28018940 6514098 1476805 989908 486897 3275039 2652352 622687 2889031 2307167 581864 30517 25117 5400 80786 80786 81357 9817 71540 54958 54958 1412620 693354 719266 490674 256866 233808 2214563 1457827 756736 1583398 1583398 1580162 937630 642532 526526 269905 256621 768057 768057 5647012 5647012 819383 177001 642382 OTHER EXPENSES 5909488 2982783 2926705 FOOD SERVICES 3215623 2915595 300028 UTILITIES 2530220 2333942 196278 OPERATIONS AND MAINTENA 2478630 1465674 1012956 1926885 1437565 489320 102875743 84697483 18178260 0 5069770 19785542 1080205 1017083 3813758 4181367 1394397 1060939 161086 145624 217264618 70781642 149254093 146482976 22766575 28582875 116239 147606 183656123 201404012 5618854 7288057 1971364 2876668 22558233 23682163 16863 10371 4648471 15287533 34813785 49144792 X 129036602 131490979 19805736 20768241 148842338 152259220 183656123 201404012 X 3228266 182832 5784 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23884403 790540 819435 631294 24863084 21924907 672400 1354204 67108 23884403 20588589 1067334 956126 687142 21924907 19508174 622499 1508760 1050844 20588589 18575224 335410 597540 19508174 0.28350 0.62890 0.08760 0 0 22192286 22192286 116368878 27821544 88547334 39332247 21827882 17504365 24108212 18243540 5864672 15262995 2888676 12374319 146482976 MONEY MARKET CASH ACCOUNTS 210910 F COMMON STOCKS 12853262 F INTERNATIONAL EQUITY FUNDS 2491228 F CORPORATE BONDS 3486715 F BONDS, NOTES AND GOVERNMENT SECURITIES 3545242 F REGIONS SOUTHEAST TIMBER FUND II, LLC 601934 F BALANCED FUNDS 393584 F CERTIFICATE OF DEPOSIT 5000000 F 28582875 LOAN ADVANCES-US GOVERNMENT 3516792 AGENCY FUNDS/STUDENT DEPOSITS 1690582 INTEREST RATE SWAP OBLIGATION 3197 CAPITAL LEASE OBLIGATIONS 76962 LINE OF CREDIT 10000000 15287533 X 76886696 182832 5784 188616 76698080 54958 29350971 29405929 106104009 73469814 0 73469814 54958 29350971 29405929 102875743 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 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAPS 5,784. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 29,350,971. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 29,350,971. 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 29350971 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 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 PAUL CONN PRESIDENT 79302 0 0 0 83595 0 5465 0 51085 0 219447 0 0 0 CHRIS CONINE CHIEF FINANCIAL OFFICER 146346 0 0 0 0 0 13750 0 21260 0 181356 0 0 0 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 125863 0 0 0 0 0 11220 0 22071 0 159154 0 0 0 MARK WALKER VP FOR MINISTERIAL DEVELOP 131995 0 0 0 0 0 32500 0 14403 0 178898 0 0 0 A LEE UNIVERSITY 620502739 2010-12-09 9100000 TO FINANCE PROPERTY ACQUISITIONS AND DORM CONSTRUCTION 0 1 0 B LEE UNIVERSITY 620502739 2013-09-03 9100000 TO FINANCE COMMUNICATION ARTS BUILDING 0 1 0 C LEE UNIVERSITY 620502739 2015-11-02 9100000 TO FINANCE THE NURSING BUILDING, THE BUSINESS BUILDING AND OTHER PROJECTS 0 1 0 D LEE UNIVERSITY 620502739 2017-03-07 3285000 TO FINANCE THE OUTSTANDING DEBT OWED ON THE NATURAL SCIENCE AND MATH COMPLEX 0 1 0 A 8439300 9100000 100000 9000000 2011 0 0 0 1 B 5868659 9100000 77000 9023000 2014 0 0 0 1 C 3765171 9100000 91819 9008181 2017 0 0 0 1 D 1452918 3285900 3285000 2010 1 0 0 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 1 BB&T 9.500000000000 1 0 0 0 0 B 0 0 1 0 1 1 0 0 0 0 0 C 0 0 1 0 1 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 2017-03-07 4000000 TO FINANCE THE DEACON JONES DINING HALL RENOVATIONS. 0 1 0 B LEE UNIVERSITY 620502739 2019-02-20 10000000 TO FINANCE ATHLETIC FACILITIES, PARKER STREET CORRIDEOR, AND OTHER PROJECTS 0 1 0 A 1165180 4000000 85106 3914894 2017 0 0 0 1 B 10000000 112318 9887682 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 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 XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS 5,784.