2025-02-12T17:59:12-06:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 5955 TG LEE BOULEVARD SUITE 200 ORLANDO FL 32822 990 2023-07-01 591237047 SAINT LEO UNIVERSITY INC SAIN 3525888215 33701 COUNTY RD 52 SAINT LEO FL 335746665 EDWARD DADEZ PRESIDENT 3525888215 2025-02-12 1 0 PAUL HAGGE P00543988 4074815100 2023 2025-03-06 01:10:19Z EDWARD DADEZ 33701 COUNTY RD 52 SAINT LEO FL 335746665 173553861 0 X WWW.SAINTLEO.EDU X 1965 FL SAINT LEO UNIVERSITY WELCOMES AND EMBRACES IN THE CATHOLIC BENEDICTINE TRADITION (SEE SCHEDULE O) INDIVIDUALS OF ALL FAITHS. THE UNIVERSITY SEEKS BALANCED GROWTH IN MIND, BODY, AND SPIRIT FOR ALL MEMBERS OF OUR COMMUNITY. OUR COMMUNITY RECOGNIZES THE DIGNITY, VALUE, AND GIFTS OF ALL. AT SAINT LEO, LEARNING IS OF PRIME IMPORTANCE, AND WE WORK TO MEET THE EVOLVING NEEDS OF OUR COMMUNITIES AND THE WORLD AROUND US. 29 28 2073 28 402522 153508 4318290 6555304 143526869 132698942 -1949777 1525041 669108 887828 146564490 141667115 33735063 31976622 0 0 73065993 63443512 0 0 854628 51016994 48264761 157818050 143684895 -11253560 -2017780 242805284 240693359 101065523 99371489 141739761 141321870 X SAINT LEO IS AN INVENTIVE GLOBAL CATHOLIC LIBERAL ARTS UNIVERSITY THAT FOSTERS A PERSONAL & INCLUSIVE COMMUNITY WHICH EDUCATES, PREPARES, & DEVELOPS STUDENTS FOR SUCCESS, AND CONSISTS OF DIVERSE LEARNERS WHO BOLDLY CONFRONT THE CHALLENGES OF OUR WORLD THROUGH SERVICE TO OTHERS. 0 0 99174920 31976621 113447078 AS THE OLDEST CATHOLIC INSTITUTION OF HIGHER EDUCATION IN FLORIDA AND ONE OF THE TOP UNIVERSITIES IN CENTRAL FLORIDA, SAINT LEO UNIVERSITY HAS A CENTURY-LONG TRADITION OF WELCOMING STUDENTS OF ALL FAITHS. FOR MORE INFORMATION, SEE SCHEDULE O.OUR LIBERAL ARTS CAMPUS, LOCATED 30 MILES NORTH OF TAMPA, EDUCATES JUST UNDER 3,000 STUDENTS. TOTAL ENROLLMENT ACROSS OUR CENTRAL FLORIDA CAMPUS, 13 REGIONAL LOCATIONS, AND ONLINE PROGRAMS IS NEARLY 14,200 WITH A TOTAL OF NEARLY 160 PROGRAMS. SAINT LEO OFFERS OVER 70 UNDERGRADUATE DEGREES, PROGRAMS AND ENDORSEMENTS AS WELL AS MASTER'S, DOCTORAL AND CERTIFICATE PROGRAMS IN THE COLLEGE OF ARTS, SCIENCES, AND ALLIED SERVICES, COLLEGE OF BUSINESS, COLLEGE OF EDUCATION & SOCIAL SERVICES, COLLEGE OF COMPUTING, ARTIFICIAL INTELLIGENCE, ROBOTICS, AND DATA SCIENCE (CARDS), AND THE COLLEGE OF HEALTH PROFESSIONS. THE PUBLICATION DIVERSE ISSUES IN HIGHER EDUCATION RANKS SAINT LEO AMONG ITS TOP 100 INSTITUTIONS GRADUATING MINORITY STUDENTS WITH BACCALAUREATE DEGREES. WE'RE A SMALL SCHOOL, BUT WE HAVE AN INCREDIBLY DIVERSE STUDENT BODY COMPOSED OF 41% STUDENTS FROM UNDERREPRESENTED POPULATIONS. SAINT LEO SERVES STUDENTS FROM ALL 50 STATES, THE DISTRICT OF COLUMBIA, THREE U.S. TERRITORIES AND OVER 100 FOREIGN COUNTRIES. SAINT LEO IS ALSO ONE OF THE NATION'S LEADING PROVIDERS OF HIGHER EDUCATION TO THE U.S. MILITARY.TODAY CLOSE TO 1,580 MEN AND WOMEN OF THE ARMED FORCES, VETERANS, AND THEIR FAMILY MEMBERS ARE ENROLLED IN SAINT LEO UNIVERSITY DEGREE PROGRAMS. OUR ACTIVE DUTY SERVICE MEMBERS, VETERANS AND FAMILY MEMBERS WORLDWIDE EARN AFFORDABLE, ACCESSIBLE UNIVERSITY DEGREES THROUGH OUR TRADITIONAL FLORIDA CAMPUS, EXTENSIVE ONLINE PROGRAM OFFERINGS AND EDUCATION CENTERS ON MILITARY BASES IN THE SOUTHERN U.S. SAINT LEO UNIVERSITY IS RANKED IN TOP 10 IN THE SOUTH FOR BEST C0LLEGE FOR VETERANS BY U.S. NEWS & WORLD REPORT. 17517831 0 19368470 AUXILIARY ENTERPRISES OF THE UNIVERSITY PROVIDE CERTAIN CUSTOMARY SERVICES SUCH AS HOUSING, FOOD SERVICE, AND VARIOUS STUDENT ACTIVITIES FOR THE BENEFIT OF THE STUDENTS OF THE UNIVERSITY. TRADITIONAL CAMPUS STUDENTS COMPRISED NEARLY 1,900 FOR THE FY24 FISCAL YEAR. 116692751 1 1 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10297 0 1 2073 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL CA X JAMES DETUCCIO 3525888920 PO BOX 6665 SAINT LEO FL 33574 EDWARD DADEZ PRESIDENT 60.00 0.00 X X 391733 0 12664 JAMES DETUCCIO VP BUSINESS AFFAIRS/CFO 60.00 0.00 X X 254627 0 15531 EDWIN NARAIN CHAIR 1.00 0.00 X X 0 0 0 NOEL BOEKE VICE CHAIR 1.00 0.00 X X 0 0 0 ISKRA SBRACCIA CURRENT TRUSTEE/SECREATRY 1.00 0.00 X 0 0 0 JOHN E VIEW CURRENT TRUSTEE 1.00 0.00 X X 0 0 0 ABBOTT ISAAC J CAMACHO OSB CURRENT TRUSTEE 1.00 0.00 X 0 0 0 RICHARD JOHNSON CURRENT TRUSTEE 1.00 0.00 X 0 0 0 ALLAN J LULHN CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH A MCGEE CURRENT TRUSTEE 1.00 0.00 X 0 0 0 CLARKE HOBBY CURRENT TRUSTEE 1.00 0.00 X 0 0 0 THOMAS J SHANNON III CURRENT TRUSTEE 1.00 0.00 X 0 0 0 BISHOP GREGORY PARKES CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JOHN PICCIANO CURRENT TRUSTEE 1.00 0.00 X 0 0 0 KEVIN SULLIVAN CURRENT TRUSTEE 1.00 0.00 X 0 0 0 SHARON GRAY CURRENT TRUSTEE 1.00 0.00 X 0 0 0 SR ROBERTA BAILEY OSB CURRENT TRUSTEE 1.00 0.00 X 0 0 0 PETER BISCARDI CURRENT TRUSTEE 1.00 0.00 X 0 0 0 KEVIN HENDRICKSON CURRENT TRUSTEE 1.00 0.00 X 0 0 0 THAMIR KADDOURI CURRENT TRUSTEE 1.00 0.00 X 0 0 0 LAURIE KOBLEGARD CURRENT TRUSTEE 1.00 0.00 X 0 0 0 NADEEM MAZHAR CURRENT TRUSTEE 1.00 0.00 X 0 0 0 BEMETRA SIMMONS CURRENT TRUSTEE 1.00 0.00 X 0 0 0 FRED CAMBRIA CURRENT TRUSTEE 1.00 0.00 X 0 0 0 RICHARD GONZMART CURRENT TRUSTEE 1.00 0.00 X 0 0 0 ROBERT CABOT CURRENT TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY GERBINO CURRENT TRUSTEE 1.00 0.00 X 0 0 0 GWENDOLYNN ALONSO CURRENT TRUSTEE 1.00 0.00 X 0 0 0 DENYVE BOYLE CURRENT TRUSTEE 1.00 0.00 X 0 0 0 PAT THOMPSON CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER SHAW VP 50.00 0.00 X 173147 0 13101 STACY GATO VP 50.00 0.00 X 198705 0 15817 STACI SHELLEY GENERAL COUNSEL 60.00 0.00 X 216224 0 11879 DEREK MOHAMMED DIRECTOR OF CARDS 60.00 0.00 X 252949 0 16108 PASSARD DEAN DEAN 50.00 0.00 X 187273 0 12632 MELANIE STORMS FORMER SENIOR VP 60.00 0.00 X 181831 0 10755 STEPHEN KUBASEK VP 50.00 0.00 X 198391 0 15771 2054880 0 124258 57 0 1 0 RIVERON RTS LLC PO BOX 679265 DALLAS TX 75267 CONSULTING SERVICES 506543 AKERMAN LLP PO BOX 4906 ORLANDO FL 32802 LEGAL SERVICES 206687 ACADEMY BUS LLC PO BOX 1410 HOBOKEN NJ 07030 SPORTS TEAM TRAVEL SERVICES 168903 CLIFTONLARSONALLEN LLP PO BOX 740863 ATLANTA GA 30374 ACCOUNTING/AUDITING SERVICES 147771 AD ASTRA INFORMATION SYSTEM LLC 6900 W 80TH STREET OVERLAND PARK KS 66204 ANALYTICS INFO SYSTEM SUBSCRIPTION 142388 6 6179 3006186 3542939 38684 6555304 TUITION AND FEES 611430 113447078 113447078 AUXILIARY INCOME 611710 18951956 18951956 CAMPS/CONFERENCES 900099 281063 281063 MISC REVENUES 900099 18845 18845 132698942 2492200 2492200 30897329 403 31864891 0 -967562 403 -967159 -967159 52806 6179 21855 30951 30951 COMMISSION 900099 356523 356523 MEMBERSHIPS 900099 249548 13346 236202 FACILITY RENTAL 900099 183346 63223 120123 67460 21263 46197 856877 141667115 132796774 402522 1912515 26091250 26091250 5885372 5885372 1368452 1368452 48090832 36383094 11125750 581988 6630 4405 2225 10311506 8311236 1894848 105422 3666092 2864590 761268 40234 74904 74904 151570 151570 269160 269160 4432389 3784517 646884 988 9138152 8852313 283339 2500 1664760 1194196 453143 17421 5506821 581748 4855961 69112 2291588 2279479 12109 693079 657116 32301 3662 94848 74775 19833 240 4043376 3726148 317228 7630452 7013064 617388 2553416 2553416 EDUCATIONAL MATERIAL 2903208 2903208 BAD DEBT EXPENSE 1980743 1980743 FOOD PURCHASES 1456237 1454390 1659 188 DUES/SUBSCRIPTIONS 1007020 678082 309276 19662 2373038 1703865 655962 13211 143684895 116692751 26137516 854628 838568 1989374 195721 83672 2963727 4028741 4367528 6717953 271442 236267 2541023 2298691 263178408 126477404 144721689 136701004 70159029 73395434 3600920 3824540 0 0 13145637 11417683 242805284 240693359 6860226 6493278 149883 137962 1508557 1472631 71481422 69976570 248139 175306 15249008 17250287 5568288 3865455 101065523 99371489 X 116860208 113349464 24879553 27972406 141739761 141321870 242805284 240693359 X -2017780 5157001 -3557112 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 2872 2872 0 PART II-B, LINE 1: SAINT LEO UNIVERSITY IS A MEMBER OF NACUBO AND ICUF, WHICH USED A SMALL PERCENTAGE OF MEMBER DUES FOR LOBBYING. OF THE $7,000 AND $37,358 PAID IN MEMBER DUES, RESPECTIVELY, $2,872 WAS RELATED TO LOBBYING. 2129623 X X 0 0 1 X 72926228 269879 6412478 291643 3231114 76085828 67564541 262919 5932618 833850 72926228 92347641 245399 -11985164 376261 12667074 67564541 68249428 498436 23614944 15167 92347641 69627264 311000 21421 308999 1401258 68249428 0.69980 0.30020 1 0 5390092 5390092 174298144 58536791 115761353 1512891 1092841 420050 47924584 38267674 9656910 34052697 28580098 5472599 136701004 LEASE LIABILITIES 3865455 3865455 X 111556674 5157000 -35020136 -29863136 141419810 269160 -21855 247305 141667115 111974566 21855 21855 111952711 269160 31463024 31732184 143684895 PART III, LINE 4: FINE ART WORK THE MAJORITY OF THE ART WORK ARE PRINTS BY YANDEL GINZBURG. THE ART WORK IS EXHIBITED THROUGHOUT VARIOUS CAMPUS BUILDINGS FOR THE CULTURAL APPRECIATION AND ENJOYMENT OF THE COLLEGE'S STUDENTS, EMPLOYEES AND VISITORS. PART IV, LINE 2B: THE UNIVERSITY MAINTAINS FUNDS FOR THE VARIOUS STUDENT ORGANIZATIONS WITHIN THE UNIVERSITY. THESE FUNDS ARE THE PROPERTY OF THE STUDENT CLUBS AND SLU HOLDS THESE FUNDS UNTIL USED BY THESE ORGANIZATIONS. PART V, LINE 4: THE MAJORITY OF THE PERM ENDOWMENT IS FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS. OTHER ENDOWMENTS ARE FOR ITEMS SUCH AS LIBRARY MATERIALS AND MISCELLANEOUS EXPENDITURES AS DESIGNATED BY DONORS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. MANAGEMENT DOES NOT CONSIDER FEDERAL INCOME TAXES ASSOCIATED WITH THE UNIVERSITY'S UNRELATED BUSINESS INCOME TO BE SIGNIFICANT. FASB ACCOUNTING STANDARDS CODIFICATION ASC SUBTOPIC 740-10, INCOME TAXES OVERALL, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE UNIVERSITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ITS TAX POSITIONS TAKEN AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT COULD RESULT IN MATERIAL IMPACT TO THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNIVERSITY FUNDED SCHOLARSHIP ALLOWANCE -31,238,357. CHANGE IN FV OF SPLIT INTEREST AGREEMENT 221,194. IMPAIRMENT OF ASSETS GAIN/LOSS -3,778,306. REORGANIZATION EXPENSES -224,667. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -21,855. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 21,855. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNIVERSITY FUNDED SCHOLARSHIP ALLOWANCE 31,238,357. REORGANIZATION EXPENSES 224,667. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY ADS RUN IN NEWSPAPERS EACH CALENDAR YEAR IN EVERY UNIVERSITY LOCATION. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE COLLEGE PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS, WHICH ARE LISTED BELOW. THESE PROGRAMS ARE AUDITED ANNUALLY IN ACCORDANCE WITH RELATED REGULATIONS. U.S. DEPARTMENT OF EDUCATION: FEDERAL PELL GRANT PROGRAM FEDERAL WORK STUDY PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS FEDERAL DIRECT STUDENT LOAN PROGRAM FEDERAL TEACH GRANT PROGRAM TEACHER QUALITY PARTNERSHIP GRANT PROGRAM U.S. NATIONAL SCIENCE FOUNDATION: ROBERT NOYCE TEACHER SCHOLARSHIP PROGRAM U.S. DEPARTMENT OF JUSTICE: GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, STALKING ON CAMPUS STATE FINANCIAL ASSISTANCE: FLORIDA DEPARTMENT OF EDUCATION AND COMMISSIONER OF EDUCATION: EFFECTIVE ACCESS TO SUDENT EDUCATION FLORIDA STUDENT ASSISTANCE GRANT FLORIDA BRIGHT FUTURES SCHOLARSHIP PROGRAM MINORITY TEACHER SCHOLARSHIP PROGRAM FLORIDA HONORABLY DISCHARGED GRADUATE ASSISTANCE FLORIDA WORK EXPERIENCE PROGRAM CHILDREN OF DECEASED OR DISABLED VETERANS FLORIDA WORK EXPERIENCE PROGRAM ADDRESSING THE NURSING SHORTAGE GRANT PROGRAM FLORIDA DEPARTMENT OF HIGHWAY SAFETY AND MOTOR VEHICLES: SAINT LEO UNIVERSITY LICENSE PLATE PROJECT 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 2348474 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 138704 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 1655848 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 159627 NORTH AMERICA 0 0 GRANTMAKING 574388 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 133037 SOUTH AMERICA 0 0 GRANTMAKING 621911 SOUTH ASIA 0 0 GRANTMAKING 315639 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 220234 0 0 0 0 0 0 5947628 220234 6167862 ANNUAL SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 2 1950 FIN AID ANNUAL SCHOLARSHIPS NORTH AMERICA 1 2500 FIN AID ANNUAL SCHOLARSHIPS SUB-SAHARAN AFRICA 1 2500 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 143 1078962 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS EAST ASIA AND THE PACIFIC 7 38725 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 50 303765 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 6 29125 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS NORTH AMERICA 25 189275 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 8 78740 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS SOUTH AMERICA 31 217460 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS SOUTH ASIA 19 133565 FIN AID INSTITUTIONAL MERIT SCHOLARSHIPS SUB-SAHARAN AFRICA 11 32650 FIN AID ATHLETIC SCHOLARSIPS CENTRAL AMERICA AND THE CARIBBEAN 3 6800 FIN AID ATHLETIC SCHOLARSIPS EAST ASIA AND THE PACIFIC 2 19490 FIN AID ATHLETIC SCHOLARSIPS EUROPE (INCLUDING ICELAND & GREENLAND) 63 993513 FIN AID ATHLETIC SCHOLARSIPS MIDDLE EAST AND NORTH AFRICA 4 42736 FIN AID ATHLETIC SCHOLARSIPS NORTH AMERICA 23 227910 FIN AID ATHLETIC SCHOLARSIPS RUSSIA AND NEIGHBORING STATES 1 29757 FIN AID ATHLETIC SCHOLARSIPS SOUTH AMERICA 9 184961 FIN AID ATHLETIC SCHOLARSIPS SUB-SAHARAN AFRICA 5 98568 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 117 1160208 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS EAST ASIA AND THE PACIFIC 9 76116 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 34 285080 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 7 69116 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS NORTH AMERICA 16 143558 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 2 22000 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS SOUTH AMERICA 19 200000 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS SOUTH ASIA 19 137529 FIN AID INSTITUTIONAL NEED SCHOLARSHIPS SUB-SAHARAN AFRICA 10 57496 FIN AID ENDOWMENT SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 8 16819 FIN AID ENDOWMENT SCHOLARSHIPS EAST ASIA AND THE PACIFIC 1 248 FIN AID ENDOWMENT SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 1 2500 FIN AID ENDOWMENT SCHOLARSHIPS SOUTH ASIA 1 1750 FIN AID OTHER-TUITION REMISSION CENTRAL AMERICA AND THE CARIBBEAN 9 83735 FIN AID OTHER-TUITION REMISSION EAST ASIA AND THE PACIFIC 1 4125 FIN AID OTHER-TUITION REMISSION EUROPE (INCLUDING ICELAND & GREENLAND) 12 70990 FIN AID OTHER-TUITION REMISSION MIDDLE EAST AND NORTH AFRICA 3 18650 FIN AID OTHER-TUITION REMISSION NORTH AMERICA 1 11145 FIN AID OTHER-TUITION REMISSION RUSSIA AND NEIGHBORING STATES 1 2540 FIN AID OTHER-TUITION REMISSION SOUTH AMERICA 2 17740 FIN AID OTHER-TUITION REMISSION SOUTH ASIA 6 44545 FIN AID OTHER-TUITION REMISSION SUB-SAHARAN AFRICA 4 29020 FIN AID 0 0 0 0 0 0 PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANTS: INDIVIDUALS REQUESTING ANY FORM OF FINANCIAL AID MUST COMPLETE PERSONAL FINANCIAL STATEMENTS AND IF THEY ARE DEPENDENTS, THEY MUST ALSO PROVIDE PARENTAL OR GUARDIAN FINANCIAL INFORMATION. ONLY INDIVIDUALS ENROLLED IN THE SCHOOL AT THE TIME OF DISBURSEMENTS ARE CONSIDERED FOR FINANCIAL AID. ALL SCHOLARSHIPS AWARD TO STUDENTS MAY ONLY BE USED TO DEFRAY THE EDUCATION COSTS OF MATRICULATING AT THE COLLEGE. NO STUDENT MAY DFRAY SCHOLARSHIP FUNDS FOR PERSONAL MATTERS; ACCORDINGLY, THE COLLEGE DOES NOT UNDERTAKE FURTHER MONITORING ONCE THE SCHOLARSHIP IS AWARDED. PART I, LINE 3: SCHEDULE F TOTAL OF $6,167,862 INCLUDES $282,490 OF EMPLOYEE TUITION ASSISTANCE NOT REPORTED ON PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 3. THIS AMOUNT IS INCLUDED ON STATEMENT OF FUNCTIONAL EXPENSES LINE 9 - OTHER EMPLOYEE BENEFITS. SOS GOLF 58985 6179 52806 1050 3465 10656 4538 2147 58985 6179 52806 1050 3465 10656 4538 2147 21856 30950 1 ATHLETIC SCHOLARSHIPS 240 1870934 0 INSTITUTIONAL MERIT SCHOLARSHIPS 2052 11905829 0 ENDOWMENT SCHOLARSHIPS 288 472024 0 ANNUAL SCHOLARSHIPS 24 25990 0 INSTITUTIONAL NEED BASED SCHOLARSHIPS 1652 11932859 0 OTHER EDUCATIONAL SCHOLARSHIPS - TUITION REMISSION 201 1764756 0 PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANTS: INDIVIDUALS REQUESTING ANY FORM OF FINANCIAL AID MUST COMPLETE PERSONAL FINANCIAL STATEMENTS AND IF THEY'RE DEPENDENTS, THEY MUST ALSO PROVIDE PARENTAL OR GUARDIAN FINANCIAL INFORMATION. ONLY INDIVIDUALS ENROLLED IN THE SCHOOL AT THE TIME OF DISBURSEMENTS ARE CONSIDERED FOR FINANCIAL AID. ALL SCHOLARSHIPS AWARD TO STUDENTS MAY ONLY BE USED TO DEFRAY THE EDUCATION COSTS OF MATRICULATING AT THE COLLEGE. NO STUDENT MAY DEFRAY SCHOLARSHIP FUNDS FOR PERSONAL MATTERS; ACCORDINGLY, THE COLLEGE DOES NOT UNDERTAKE FURTHER MONITORING ONCE THE SCHOLARSHIP IS AWARDED. PART III: SCHEDULE I TOTAL OF $27,972,392 DOES NOT INCLUDE A TOTAL OF $1,925,737 REPORTED ON PART IX STATEMENT OF FUNCTIONAL EXPENSES LINE 3. THESE ARE GOVERNMENT GRANT EXPENSES AND ARE AMOUNTS FOR FEDERAL WORK STUDY WAGES, STATE WORK STUDY WAGES, AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) PAYMENTS. THESE AMOUNTS ARE NOT REPORTED AS GRANTS TO INDIVIDUALS BUT ARE INCLUDED AS PASS-THROUGH GRANTS IN THE STATEMENT OF FUNCTIONAL EXPENSES. X 1 0 X X X X X 1 1 0 0 0 0 0 0 0 EDWARD DADEZ PRESIDENT 332401 0 0 0 59332 0 0 0 12664 0 404397 0 0 0 JAMES DETUCCIO VP BUSINESS AFFAIRS/CFO 254627 0 0 0 0 0 908 0 14623 0 270158 0 0 0 DEREK MOHAMMED DIRECTOR OF CARDS 252949 0 0 0 0 0 0 0 16108 0 269057 0 0 0 STACI SHELLEY GENERAL COUNSEL 216224 0 0 0 0 0 865 0 11014 0 228103 0 0 0 STACY GATO VP 198705 0 0 0 0 0 0 0 15817 0 214522 0 0 0 STEPHEN KUBASEK VP 198391 0 0 0 0 0 0 0 15771 0 214162 0 0 0 PASSARD DEAN DEAN 187273 0 0 0 0 0 0 0 12632 0 199905 0 0 0 MELANIE STORMS FORMER SENIOR VP 156623 0 0 0 25208 0 0 0 10755 0 192586 0 0 0 JENNIFER SHAW VP 173147 0 0 0 0 0 0 0 13101 0 186248 0 0 0 PART I, LINE 1A DURING THE YEAR, THE FOLLOWING INDIVIDUAL PAYMENTS FOR HOUSING ALLOWANCE PURSUANT TO FILING ORGANIZATION'S POLICIES AND PROCEDURES: DADEZ, EDWARD: $30,000 PART I, LINE 4A: DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS PURSUANT TO THE FILING ORGANIZATIONS POLICIES AND PROCEDURES: MARY SPOTO: $112,500 MELANIE STORMS: $25,208 PART I, LINE 4B: DURING THE CALENDAR YEAR EDWARD DADEZ, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE PRESIDENT HAD A PORTION OF THE CONTRIBUTIONS VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTIONS ARE REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION. A HIGHEREDUCATIONALFACILITESFINANCINGAUTHORITY 900058227 34073TLP0 2019-09-16 76995342 SEE PART V 0 0 0 A 1280000 77075069 4614847 1612323 3017500 846915 20926205 46057279 2022 1 0 1 1 A 0 0 0 0 0 0 1 A 1 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN F DESCRIPTION OF PURPOSE ON MAY 16, 2019, THE HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY (HEFFA) ISSUED ITS REVENUE REFUNDING BONDS, SERIES 2019 IN THE AMOUNT OF $68,935,000 ON BEHALF OF THE UNIVERSITY. THE PROCEEDS OF THE BONDS WERE LOANED TO THE UNIVERSITY AND WILL BE APPLIED TOGETHER WITH OTHER AVAILABLE MONEY OF THE UNIVERSITY TO (A) FINANCE AND REFINANCE A PORTION OF THE COST OF THE 2019 PROJECT (B) REFINANCE THE 2012 A & B SERIES BONDS, (C) CAPITALIZE A PORTION OF INTEREST ON THE SERIES 2019 BONDS AND (D) PAY COSTS OF ISSUANCE RELATED TO THE SERIES 2019 BONDS. PART II, LINE 3, COLUMN A TOTAL PROCEEDS OF $77,075,069 INCLUDE PAR VALUE OF $68,935,000, PREMIUM OF $8,060,343 AND GAIN ON REDEMPTION OF INTEREST RATE EXCHANGE AGREEMENT FOR PREVIOUS BOND HOLDINGS OF $79,726. X FLOORING 1 26000 FMV X CHRISTMAS PARTY 1 12684 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED ON PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE TEN (10) MEMBERS, ALL OF WHO SHALL BE VOTING TRUSTEES, EXCEPT FOR THE PRESIDENT WHO SHALL BE EX OFFICIO WITHOUT VOTE AND NOT COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE CHAIRPERSON, VICE CHAIRPERSON, AND SECRETARY SHALL BE MEMBERS ALONG WITH THE CHAIRPERSONS OF ALL THE BOARD STANDING COMMITTEES. IN ADDITION, ONE TRUSTEE SHALL BE NOMINATED BY THE COMMITTE ON TRUSTEES AND ELECTED BY THE BOARD AT THE ANNUAL MEETING TO SERVE ON THE COMMITTEE. THE CHAIRPERSON SHALL INSURE THERE IS AT LEASE ONE MEMBER OF THE BENEDICTINE COMMUNITY ON THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TWOFOLD; 1) IT SHALL SERVE AT THE PLEASURE OF THE BOARD AS ITS AGENT IN HELPING THE PRESIDENT TO ADDRESS BUSINESS MATTERS NOT OTHERWISE HEREIN SOLELY RESERVED FOR THE BOARD OF TRUSTEES OR AS OTHERWISE DELEGATED BY THE BOARD BETWEEN REGULAR BOARD MEEINGS TO CONSERVE TIME; AND 2) IT SHALL ASSIST THE CHAIRPERSON AND THE PRESIDENT IN THEIR JOINT RESPONSIBILITY TO HELP THE BOARD TO FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING THE BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. THE COMMITTEE SHALL HAVE THE AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS WHICH CANNOT OR SHOULD NOT BE DEFERRED UNTIL THE BOARD'S NEXT SCHEDULE MEETING. THE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TURSTEES ON ALL MATTERES EXCEPT FOR THE FOLLOWING WHICH SHALL BE RESERVED FOR THE BOARD; PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD OFFICER SELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; CHANGES TO THE BYLAWS, CHARTER, OR ARTICLES OF INCOPORATION; INCURRING OF CORPORATE INDEBTEDNESS IN EXCESS OF $250,000; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY VALUED GREATER THAN $250,000; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. FORM 990, PART VI, SECTION B, LINE 11B DESCRIPTION OF PROCESS USED TO REVIEW FORM 990. THE BOARD WILL RECEIVE A "FINALIZED" DRAFT COPY OF THE 990 AHEAD OF THE FEBRUARY BOARD MEETINGS. DURING THE BOARD MEETING THE MANAGEMENT TEAM WILL BRIEFLY DISCUSS AND DESCRIBE THE 990 AND WILL TAKE COMMENTS AND QUESTIONS RELATED TO THE DRAFT. THE BOARD WILL GET TO VOTE ON APPROVAL, AND ONCE APPROVED, SAINT LEO UNIVERSITY WILL SUBMIT THE 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST. UNIVERSITY MEMBERS SHALL AVOID FAVORTITISM AND ANY POTENTIAL CONFLICT OF INTEREST OR APPEARANCE OF A CONFLICT OF INTEREST THROUGH THE FOLLOWING REQUIREMENTS: A. TRUSTEE DUTIES: ELEMENTS OF A CONFLICT. A TRUSTEE HAS A CONFLICT OF INTEREST WHENEVER THE TRUSTEE OR A FAMILY MEMBER OR A BUSINESS ASSOCIATED WITH A TRUSTEE OR A FAMILY MEMBERS (INSOFAR AS MAY BE KNOWN TO THE TRUSTEE) HAS AN EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST IN A MATTER PENDING BEFORE THE BOARD OF TRUSTEES THAT MIGHT REASONABLY BE EXPECTED TO IMPAIR THE TRUSTEE'S INDEPENDENCE OF JUDGMENT OR OBJECTIVITY IN THE DISCHARGE OF GOVERNANCE RESPONSIBILITIES. "BUSINESS ASSOCIATES WITH A TRUSTEE" MEANS AN ORGANIZATION, CORPORATION, PARTNERSHIP, PROPRIETORSHIP OR OTHER BUSINESS ENTITY WITH RESPECT TO WHICH EITHER THE TRUSTEE OR (INSOFAR AS MAY BE KNOWN TO THE TRUSTEE) A MEMBER OF THE TRUSTEE'S FAMILY; A) RECEIVES COMPENSATION IN EXCESS OF $500 IN ANY MONTH OR HAS ANY CONTRACTUAL RIGHT TO FUTURE INCOME IN EXCESS OF $6,000 PER YEAR EXCLUDING COMPENSATION FROM THE UNIVERSITY, ANY GOVERNMENTAL SOURCE, INVESTMENT OR SAVINGS INCOME, RETIREMENT OR INSURANCE BENEFITS OR ALIMONY; B) SERVES AS AN OFFICER, DIRECTOR, PARTNER, OR EMPLOYEE; C) HOLDS A FINANCIAL INTEREST VALUED IN EXCESS OF $10,000. B. BOARD RECUSAL: IMPLICATIONS OF RECUSAL. CONFLICT OF INTEREST COMES IN MANY FORMS AND CANNOT BE AVOIDED ENTIRELY. RECUSAL ON A PARTICULAR MATTER BECAUSE OF A CONFLICT DOES NOT REFLECT ADVERSELY ON THE INVOLVED TRUSTEE, RATHER, IT IS SIMPLY RECOGNITION THAT, IN A COMPLEX AND INTERCONNECTED SOCIETY, CONFLICTS WILL OCCUR. WHEN THIS HAPPENS, RECUSAL IS NECESSARY TO ASSURE THAT A TRUSTEE'S INDEPENDENCE OF JUDGMENT IS NOT COMPROMISED, THAT THE PUBLIC'S CONFIDENCE IN THE INTEGRITY OF THE BOARD OF TRUSTEES IS PRESERVED, AND THAT THE UNIVERSITY'S PUBLIC MISSION IS PROTECTED. C. CONFLICT OF INTEREST AND RECUSAL PROCEDURES: REVIEW OF PROCEDURES: THE BOARD OF TRUSTEES, WITH THE ASSISTANCE OF THE UNIVERSITY COUNSEL, SHALL REVIEW ANNUALLY AT A BOARD MEETING THE REQUIREMENTS AND PROCEDURES PROVIDED IN THIS POLICY. EACH TRUSTEE SHALL SIGN A RECEIPT INDICATING THE DATE THE CODE WAS RECEIVED AND ACKNOWLEDGING THAT THEY ARE RESPONSIBLE FOR READING THE CODE AND IS BOUND BY IT. TRUSTEES CAN SEEK CLARIFICATION OF THE CODE'S PROVISIONS FROM THE UNIVERSITY COMPLIANCE OFFICER. RECUSAL: A TRUSTEE MUST SELF RECUSE FROM A MATTER IF THE TRUSTEE HAS: A) ANY FINANCIAL INTEREST, DIRECT OR INDIRECT, THAT IS INCOMPATIBLE WITH THE DISCHARGE OF THE TRUSTEE'S PUBLIC DUTIES, OR B) ANY PERSONAL INTEREST, DIRECT OR INDIRECT, THAT IS INCOMPATIBLE WITH THE DISCHARGE OF THE TRUSTEE'S PUBLIC DUTIES. D. UNIVERSITY MEMBERS EXPECTED BEHAVIOR: NO EMPLOYEE SHALL HAVE ANY INTEREST, FINANCIAL OR OTHERWISE, DIRECT OR INDIRECT, OR ENGAGE IN ANY BUSINESS TRANSACTION OR PROFESSIONAL ACTIVITY, THAT IS IN SUBSTANTIAL CONFLICT WITH THE PROPER DISCHARGE OF THE EMPLOYEE'S DUTIES. E. ADDITIONAL OBLIGATIONS: TRUSTEE AND SENIOR ADMINISTRATIVE PERSONNEL HAVE A DUTY TO THE UNIVERSITY TO ALWAYS ACT IN GOOD FAITH, WITH THE CARE AN ORDINARY PERSON IN A LIKE POSIITON WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES, AND IN A MANNER REASONABLY BELIEVED TO BE IN THE BEST INTERESTS OF THE UNIVERSITY. PERSONS OCCUPYING THESE POSITIONS OF TRUST SHALL COMPLETE AND SUBMIT, ON AT LEAST AN ANNUAL BASIS, A CONFLICT OF INTEREST DISCLOSURE FORM ("FORM"). THE FORM SHALL BE AMENDED FOR FREQUENTLY, AS NEEDED, WHENEVER THERE IS A MATERIAL CHANGE IN THE CIRCUMSTANCES OF THE REPORTING PERSON THAT WOULD MAKE THE FORM THEN ON FILE MATERIALLY FALSE OR MISLEADING. IN ADDITION, ALL TRUSTEES MUST AGREE AND SIGN A STATEMENT OF RESPONSIBILITIES ("STATEMENT") THAT WILL PROVIDE SOME GUIDANCE ON THE SPECIAL RESPONSIBILITIES ATTENDED TO THAT OFFICE. THE FORM AND THE STATEMENT MAY BE CHANGED FROM TIME TO TIME BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 OFFICES & POSITIONS FOR WHICH PROCESS WAS USED. THE UNIVERSITY HIRES AN INDEPENDENT CONSULTANT TO REVIEW AND MAKE RECOMMENDATIONS FOR THE PRESIDENT'S COMPENSATION PACKAGE BASED OFF OF INDUSTRY, TRENDS, ETC. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DECIDES WHAT THE PRESIDENT'S COMPENSATION WILL BE AFTER REVIEWING THE CONSULTANT'S WORK AND RECOMMENDATION. THE EXEUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES ALL SALARIES AND BASES THEIR REVIEW ON SALARY TRENDING AND OTHER COMPENSATION RELATED INFORMATION. THE PROCESS IS USED TO ESTABLISH COMPENSATION FOR THE FOLLOWING OFFICES AND POSITIONS: UNIVERSITY PRESIDENT SENIOR VICE PRESIDENT VICE PRESIDENT OF STUDENT AFFAIRS VICE PRESIDENT OF ACADEMIC AFFAIRS VICE PRESIDENT OF BUSINESS AFFAIRS VICE PRESIDENT OF ATHLETICS VICE PRESIDENT OF STRATEGIC ENROLLMENT MANAGEMENT UNIVERSITY COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS AND PROVIDING IT UPON REQUEST. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: IMPAIRMENT OF ASSETS GAIN/LOSS -3,778,306. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 221,194.