2019-05-15T15:56:16-05:00 2018-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2017-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE VICE PRESIDENT 4236148000 2019-05-15 MARK WOOLWINE P00647446 5404433606 2019-05-13 206.248.228.130 2019-05-15 14:55:39 ED P F75A4857B52D28EE9D0B6B28B386CC6B9346B41E D0156BD46B4B1FE921C9503B1D7FFBF99E37DBAB 2017 2019-02-21 02:37:17Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 37311 101847920 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. 15 15 0 0 0 0 8197437 7062255 87376906 93900077 827472 950978 -64888 -65390 96336927 101847920 23286271 26144751 0 0 39636034 42588926 0 0 57977 29178977 30765062 92101282 99498739 4235645 2349181 182091564 180199832 37941677 33597588 144149887 146602244 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 56360883 26144751 79956686 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 4,314 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 4211652 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. 11273971 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 9782381 13878001 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM. 9782381 13878001 81628887 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 15 15 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 ROBERT DAUGHERTY II DIRECTOR 2.00 X 0 0 0 KENNETH JONES JR DIRECTOR 2.00 X 0 0 0 WADE LOMBARD DIRECTOR 2.00 X 0 0 0 PATRICIA CARROL DIRECTOR 2.00 X 0 0 0 MARTY BAKER DIRECTOR 2.00 X 0 0 0 HECTOR DIAZ DIRECTOR 2.00 X 0 0 0 JERRY MADDEN DIRECTOR 2.00 X 0 0 0 DENNIS LIVINGSTON CHAIR 2.00 X 0 0 0 NADINE BLAIR DIRECTOR 2.00 X 0 0 0 BYRON MEDLIN DIRECTOR 2.00 X 0 0 0 CLAYTON WATSON DIRECTOR 2.00 X 0 0 0 JEFF ROBINSON DIRECTOR 2.00 X 0 0 0 LEE STORMS DIRECTOR 2.00 X 0 0 0 MARK HARRIS DIRECTOR 2.00 X 0 0 0 WADE LOMBARD DIRECTOR 2.00 X 0 0 0 PAUL CONN PRESIDENT 40.00 X 198799 0 58017 CHRIS CONINE CHIEF FINANCIAL OFFICER 40.00 X 139827 0 37446 DEBORAH MURRAY CHIEF ACADEMIC OFFICER 40.00 X 113036 0 10914 WILLIAM ESTES DEAN COLLEGE OF EDUCATION 40.00 X 113096 0 7256 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 40.00 X 120181 0 32911 SARA CAMPBELL DEAN OF SCHOOL OF NURSING 40.00 X 119096 0 26260 JAYSON VANHOOK VP FOR INFO SYS/ASSOC PROF 40.00 X 110742 0 33350 CECIL KNIGHT ASSOCIATE PROFESSOR OF ATHLETIC TRAINING 40.00 X 101111 0 13831 1015888 0 219985 8 0 1 0 SODEXO 1120 NORTH OCOEE ST CLEVELAND TN 37311 CATERING 5396622 TRICON INC 2040 N OCOEE ST CLEVELAND TN 37311 CONSTRUCTION 4033163 RYZEC BLDG GROUP LLC 133 HOLIDAY CT STE 210 FRANKLIN TN 37067 CONTRACTOR 569579 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE MAINTENANCE 532236 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYMPIC BLVD PASADENA CA 91199 COMPUTER LEASE 502561 23 1533380 5528875 7062255 TUITION & FEES 611310 76210774 76210774 RESIDENCE HALLS 611710 7890704 7890704 DINING HALL 611710 5393617 5393617 OTHER 611710 3811303 3811303 OTHER AUXILIARY 611710 367372 367372 226307 226307 93900077 561268 561268 389710 0 389710 389710 389710 OTHER 611710 -65390 -65390 -65390 101847920 93834687 0 950978 26144751 26144751 35049420 27699159 7304011 46250 1292147 1028771 261813 1563 3815300 2959463 849211 6626 2432059 1956949 471572 3538 6246 6046 200 58794 58794 65293 65293 54135 54135 651987 467137 184850 567481 265406 302075 3559832 2799864 759968 1700903 1700903 1745340 1314015 431325 978548 505876 472672 599589 599589 5383727 5383727 688074 61343 626731 FOOD SERVICES 4015314 3173410 841904 STUDENT & CAMPUS ACTIVI 3390995 2706177 684818 OPERATIONS AND MAINTENA 2765192 1656997 1108195 UTILITIES 2589914 2570609 19305 1943698 329598 1614100 99498739 81628887 17811875 57977 -1 7623913 3582075 3983862 1214638 3087599 3946160 2356123 1969455 720755 708488 207337528 60104279 142992374 147233249 21196587 21415236 130351 130532 182091564 180199832 7283382 5173355 1814157 1912922 25002109 21845593 46790 31090 3795239 4634628 37941677 33597588 X 124020928 128138437 6623994 3898102 13504965 14565705 144149887 146602244 182091564 180199832 X 2349181 59283 43893 X X 0 1 X 1 1 1 X 20588589 1067334 956126 687142 21924907 19508174 622499 1508760 1050844 20588589 18575224 335410 597540 19508174 17064718 994199 516307 18575224 14728794 717170 1618754 17064718 0.25500 0.64600 0.09900 0 0 21727310 21727310 115837279 24707216 91130063 32691787 18070276 14621511 23369511 14813377 8556134 13711641 2513410 11198231 147233249 MONEY MARKET CASH ACCOUNTS 34311 F COMMON STOCKS 9889537 F INTERNATIONAL EQUITY FUNDS 5080615 F CORPORATE BONDS 1208054 F BONDS, NOTES AND GOVERNMENT SECURITIES 4271118 F REGIONS SOUTHEAST TIMBER FUND II, LLC 574620 F BALANCED FUNDS 356981 F 21415236 LOAN ADVANCES-PERKINS LOANS 3410327 AGENCY FUNDS/STUDENT DEPOSITS 1060949 INTEREST RATE SWAP OBLIGATION 12355 CAPITAL LEASE OBLIGATIONS 150997 4634628 X 75752207 59283 43890 103173 75649034 54135 26144751 26198886 101847920 73299853 0 73299853 54135 26144751 26198886 99498739 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 43,890. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 26,144,751. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 26,144,751. 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 4236 26144751 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 119497 0 5465 0 52552 0 256816 0 0 0 CHRIS CONINE CHIEF FINANCIAL OFFICER 139827 0 0 0 0 0 13083 0 24363 0 177273 0 0 0 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 120181 0 0 0 0 0 10606 0 22305 0 153092 0 0 0 SCHEDULE J, PART II THE COMPENSATION REPORTED IN COLUMN B(III) FOR DR. CONN INCLUDES A $37,802 PAYOUT OF BENEFITS ACCRUED OVER THE PREVIOUS THRITY-TWO YEAR PERIOD, AND DOES NOT REFLECT ANNUAL INCOME FOR CALENDAR YEAR 2017. 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 5207400 9100000 100000 9000000 2011 0 0 0 0 B 2885881 9100000 77000 9023000 2014 0 0 0 0 C 810496 9100000 91819 9008181 2017 0 0 0 0 D 106507 3285000 3285000 2010 1 0 0 0 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 A 65551 4000000 85106 3914894 2017 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 RAY CONN FAMILY RELATIONSHIP WITH OFFICER OF UNIVERSITY 4285797 HAS A FINANCIAL INTEREST IN A CONSTRUCTION AND ARCHITECTURE COMPANY THE UNIVERSITY ENGAGED TO PERFORM CERTAIN CONSTRUCTION PROJECTS. 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 43,893. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.