2020-01-21T15:14:09-06:00 2019-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2018-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE VICE PRESIDENT 4236148000 2020-01-21 MARK WOOLWINE P00647446 5404433606 2020-01-21 206.248.228.130 2020-01-21 11:20:36 ES P 1626BA036CF3DDA5592C13B1B33E888B46C24478 DAF90B3CA32CB42A61E5C4807E20F70F1D28CA63 2018 2020-11-06 18:47:13Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 37311 106365324 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 2444 0 0 0 7062255 7441775 93900077 97951222 950978 1036906 -65390 -64579 101847920 106365324 26144751 28428447 0 0 42588926 42555991 0 0 0 30765062 33513875 99498739 104498313 2349181 1867011 180199832 183656123 33597588 34813785 146602244 148842338 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 61280320 28428447 83981997 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. 3667570 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. 11781375 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 10029903 13904646 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM. 10029903 13904646 86759168 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 220 0 2444 1 0 0 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 PAUL CONN PRESIDENT 40.00 X 140826 0 58395 CHRIS CONINE CHIEF FINANCIAL OFFICER 40.00 X 144396 0 34810 DEBORAH MURRAY CHIEF ACADEMIC OFFICER 40.00 X 117152 0 11307 WILLIAM ESTES DEAN COLLEGE OF EDUCATION 40.00 X 117042 0 5954 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 40.00 X 120866 0 32793 SARA CAMPBELL DEAN OF SCHOOL OF NURSING 40.00 X 118737 0 25868 JAYSON VANHOOK VP FOR INFO SYS/ASSOC PROF 40.00 X 117111 0 31957 MARK WALKER VP FOR MINISTERIAL DEVELOPMENT 40.00 X 139796 0 47088 1015926 0 248172 8 0 1 0 SODEXO 1120 NORTH OCOEE ST CLEVELAND TN 37311 CATERING 4666591 TRICON INC 2040 NORTH OCOEE ST CLEVELAND TN 37311 CONSTRUCTION 3728713 WHITENER HYDRO-SEEING LANDSCAPING 8802 OLD LEE HWY OOLTEWAH TN 37363 LANDSCAPING 647829 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYMPIC BLVD PASADENA CA 91199 COMPUTER LEASE 565955 STARKEY PRINTING PO BOX 71869 2710 EAST 30TH STREET CHATTANOOGA TN 37407 PRINTING 269790 14 1448854 5992921 7441775 TUITION & FEES 611310 80111556 80111556 RESIDENCE HALLS 611710 7929206 7929206 DINING HALL 611710 5422875 5422875 OTHER 611710 3935021 3935021 OTHER AUXILIARY 611710 371911 371911 180653 180653 97951222 507249 507249 529657 0 529657 529657 529657 OTHER 611710 -64579 -64579 -64579 106365324 97886643 0 1036906 28428447 28428447 35098448 28616807 6481641 1219496 949267 270229 3709307 2886685 822622 2528740 2030600 498140 7934 6434 1500 107832 107832 82582 82582 52410 52410 812224 431199 381025 534558 262628 271930 2223949 1581907 642042 1580629 1580629 1859360 1401821 457539 900142 479716 420426 603581 603581 5710809 5710809 717017 160369 556648 OTHER EXPENSES 5207681 2510840 2696841 FOOD SERVICES 4006097 3295053 711044 STUDENT & CAMPUS ACTIVI 3763148 3132005 631143 OPERATIONS AND MAINTENA 2707809 1656163 1051646 2636113 2614837 21276 104498313 86759168 17739145 0 -1 3582075 5069770 1214638 1080205 3946160 3813758 1969455 1394397 708488 161086 214672634 65418541 147233249 149254093 21415236 22766575 130532 116239 180199832 183656123 5173355 5618854 1912922 1971364 21845593 22558233 31090 16863 4634628 4648471 33597588 34813785 X 128138437 129036602 3898102 4566290 14565705 15239446 146602244 148842338 180199832 183656123 X 1867011 369709 3374 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21924907 672400 1354204 67108 23884403 20588589 1067334 956126 687142 21924907 19508174 622499 1508760 1050844 20588589 18575224 335410 597540 19508174 17064718 994199 516307 18575224 0.28030 0.62070 0.09900 0 0 22192286 22192286 116106961 26280587 89826374 38677265 19871450 18805815 23776291 16616313 7159978 13919831 2650191 11269640 149254093 MONEY MARKET CASH ACCOUNTS 480593 F COMMON STOCKS 10327902 F INTERNATIONAL EQUITY FUNDS 4144850 F CORPORATE BONDS 1687631 F BONDS, NOTES AND GOVERNMENT SECURITIES 5169600 F REGIONS SOUTHEAST TIMBER FUND II, LLC 592907 F BALANCED FUNDS 363092 F 22766575 LOAN ADVANCES-US GOVERNMENT 3446618 AGENCY FUNDS/STUDENT DEPOSITS 1099692 INTEREST RATE SWAP OBLIGATION 8981 CAPITAL LEASE OBLIGATIONS 93180 4648471 X 78257550 369709 3374 373083 77884467 52410 28428447 28480857 106365324 76017456 0 76017456 52410 28428447 28480857 104498313 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 3,374. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 28,428,447. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 28,428,447. 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 3806 28428447 FMV TUITION CREDIT 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 61524 0 5465 0 52930 0 199221 0 0 0 CHRIS CONINE CHIEF FINANCIAL OFFICER 144396 0 0 0 0 0 13550 0 21260 0 179206 0 0 0 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 120866 0 0 0 0 0 10727 0 22066 0 153659 0 0 0 MARK WALKER VP FOR MINISTERIAL DEVELOPMENT 139796 0 0 0 0 0 31458 0 15630 0 186884 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 7327700 9100000 100000 9000000 2011 0 0 0 1 B 4874400 9100000 77000 9023000 2014 0 0 0 1 C 2780279 9100000 91819 9008181 2017 0 0 0 1 D 992158 3285000 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 10750000 TO FINANCE ATHLETIC FACILITIES, PARKER STREET CORRIDEOR, AND OTHER PROJECTS 0 1 0 A 786505 4000000 85106 3914894 2017 0 0 0 1 B 7500000 112318 7387682 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 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 3,374.