2018-04-12T10:35:48-05:00 2017-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2016-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE VICE PRESIDENT 4236148000 2018-04-09 MARK WOOLWINE P00647446 5404433606 2018-04-05 206.248.228.130 2018-04-09 09:49:13 ED P 4A889160490EE98AD8381BAF6F4F1388C20454ED 4A889160490EE98AD8381BAF6F4F1388C20454ED 2016 2021-01-29 14:40:06Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 37311 96359032 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 2230 0 0 0 10620636 8197437 81733720 87376906 1371676 827472 16937 -64888 93742969 96336927 21241626 23286271 0 0 37553431 39636034 0 0 57977 26654107 29178977 85449164 92101282 8293805 4235645 170967957 182091564 31783640 37825221 139184317 144266343 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 52041494 23286271 74569589 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 4,287 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 3869389 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. 10915245 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 8989683 12742429 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM. 8989683 12742429 75815811 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 1 238 0 1 2230 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 MR ROBERT DAUGHERTY II DIRECTOR 2.00 X 0 0 0 MR KENNETH JONES JR DIRECTOR 2.00 X 0 0 0 MR WADE LOMBARD DIRECTOR 2.00 X 0 0 0 MRS PATRICIA CARROL DIRECTOR 2.00 X 0 0 0 MR BILL W HIGGINBOTHAM DIRECTOR 2.00 X 0 0 0 MR HECTOR DIAZ' DIRECTOR 2.00 X 0 0 0 MR JERRY MADDEN DIRECTOR 2.00 X 0 0 0 MR DENNIS LIVINGSTON CHAIR 2.00 X 0 0 0 MS NADINE BLAIR DIRECTOR 2.00 X 0 0 0 MR BYRON MEDLIN DIRECTOR 2.00 X 0 0 0 MR MARK WALKER DIRECTOR 2.00 X 0 0 0 MR JEFF ROBINSON DIRECTOR 2.00 X 0 0 0 MR LEE STORMS DIRECTOR 2.00 X 0 0 0 MR MARK HARRIS DIRECTOR 2.00 X 0 0 0 DAVID E RAMERIZ DIRECTOR EX OFFICIO 2.00 X 0 0 0 PAUL CONN PRESIDENT 40.00 X 259911 0 57817 CHRIS CONNIE CHIEF FINANCIAL OFFICER 40.00 X 136044 0 36665 DEBORAH MURRAY CHIEF ACADEMIC OFFICER 40.00 X 104350 0 10546 WILLIAM ESTES DEAN COLLEGE OF EDUCATION 40.00 X 107186 0 6700 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 40.00 X 109814 0 32016 SARA CAMPBELL DEAN OF SCHOOL OF NURSING 40.00 X 111972 0 23506 JAYSON VANHOOK VP FOR INFO SYS/ASSOC PROFESSOR EDU LEADERSHIP 40.00 X 101134 0 31882 930411 0 199132 7 0 1 0 TRICON INC 2040 N OCOEE ST CLEVELAND TN 37311 CONTRACTOR 6397294 SODEXO 1120 NORTH OCOEE ST CLEVELAND TN 37311 CATERING 4462193 RYZEC BLDG GROUP LLC 133 HOLIDAY CT STE 210 FRANKLIN TN 37067 CONTRACTOR 2174788 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE MAINTENANCE 921286 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYMPIC BLVD PASADENA CA 91199 COMPUTER LEASE 404923 17 1181434 7016003 8197437 TUITION & FEES 611710 71602227 71602227 RESIDENCE HALLS 611710 7409498 7409498 DINING HALL 611710 4827699 4827699 OTHER 611710 3032250 3032250 OTHER AUXILIARY 611710 308381 308381 196851 196851 87376906 407766 407766 441811 0 22105 441811 -22105 419706 419706 OTHER 611710 -64888 -64888 -64888 96336927 87312018 0 827472 23286271 23286271 930411 794367 136044 32506338 25913524 6546564 46250 1038209 806902 229744 1563 2775479 2174510 594343 6626 2385597 1951347 430712 3538 6820 6820 31030 31030 108871 9801 99070 59648 59648 843370 694812 148558 451332 206578 244754 2549550 1967394 582156 1520702 1520702 1580 1580 1412691 1041810 370881 874263 496827 377436 412218 412218 5002611 5002611 701514 388987 312527 FOOD SERVICES 3595464 2888125 707339 STUDENT & CAMPUS ACTIVI 3260589 2664490 596099 OTHER EXPENSES 3181292 949210 2232082 OPERATIONS AND MAINTENA 2585353 1599804 985549 2580079 2557823 22256 92101282 75815811 16227494 57977 6432907 7623913 5946366 3983862 3530748 3087599 2446421 2356123 395218 720755 197891760 54899386 131864274 142992374 19960473 21196587 391550 130351 170967957 182091564 5511094 7166926 1860514 1814157 19664640 25002109 185794 46790 4561598 3795239 31783640 37825221 X 118466840 124137384 7825076 6623994 12892401 13504965 139184317 144266343 170967957 182091564 X 4235645 747503 98878 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19508174 622499 1508760 1050844 20588589 18575224 335410 597540 19508174 17064718 994199 516307 18575224 14728794 717170 1618754 17064718 11994470 1649606 1132580 47888 14728768 0.25870 0.63620 0.10510 0 0 20984535 20984535 112411249 23255837 89155412 30758073 16275471 14482602 20191483 13038736 7152747 13546420 2329342 11217078 142992374 MONEY MARKET CASH ACCOUNTS 312833 F CERTIFICATE OF DEPOSITS 1254773 F COMMON STOCKS 8829636 F INTERNATIONAL EQUITY FUNDS 3549940 F CORPORATE BONDS 4581654 F BONDS, NOTES AND GOVERNMENT SECURITIES 2090878 F REGIONS SOUTHEAST TIMBER FUND II, LLC 576873 F 21196587 LOAN ADVANCES-PERKINS LOANS 2472304 AGENCY FUNDS/STUDENT DEPOSITS 1019500 INTEREST RATE SWAP OBLIGATION 56245 CAPITAL LEASE OBLIGATIONS 247190 3795239 X 73837389 747503 98878 846381 72991008 59648 23286271 23345919 96336927 68755363 0 68755363 59648 23286271 23345919 92101282 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 98,878. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 23,286,271. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 23,286,271. 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 0 SCHOLARSHIP ALLOWANCES TO STUDENTS 5780 23286271 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 180609 0 5465 0 52352 0 317728 0 0 0 CHRIS CONNIE CHIEF FINANCIAL OFFICER 136044 0 0 0 0 0 12700 0 23965 0 172709 0 0 0 SCHEDULE J PART III THE COMPENSATION REPORTED IN COLUMN B(III) INCLUDES $95,459 IN RENOVATION COSTS TO HIS PERSONAL RESIDENCE, AS A PAYOUT OF BENEFITS ACCRUED OVER THE PREVIOUS THIRY-YEAR PERIOD, AS WELL AS CERTAIN REIMBURSABLE TRAVEL EXPENSES, AND DOES NOT REFLECT ANNUAL INCOME FOR 2016. THIS BENEFIT WAS APPROVED BY THE LEE UNIVERSITY BOARD OF DIRECTORS, AND WAS NOT IN THE FORM OF CASH, BUT RATHER IN THE COST OF RENOVATIONS. 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 3000000 TO FINANCE THE DEACON JONES DINING HALL RENOVATIONS. 0 1 0 A 65551 3000000 85106 2914894 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 6397294 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 98,878. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR