2017-05-15T14:23:16-05:00 2016-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE SUITE 2700 BLACKSBURG VA 24060 990 2015-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONNIE VICE PRESIDENT 4236148000 2017-05-14 MARK WOOLWINE P00647446 5404433606 2017-05-14 2015 2021-01-29 14:40:06Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 37311 93744679 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 2213 0 0 0 8703165 10620636 77688142 81733720 1001335 1371676 0 16937 87392642 93742969 20283775 21241626 0 0 30941574 37553431 0 0 0 32374334 26654107 83599683 85449164 3792959 8293805 163103080 170967957 30687950 31783640 132415130 139184317 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 49050575 21241626 70162282 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 4,184 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 3889117 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. 10221257 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 8612253 11588375 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM. 8612253 11588375 71773202 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 1 212 0 1 2213 1 0 0 0 0 0 0 0 1 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 TN X THE ORGANIZATION 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 MR ROBERT DAUGHERTY DIRECTOR 2.00 X 0 0 0 MR JEFF ROBINSON DIRECTOR 2.00 X 0 0 0 MR CECIL BROWN DIRECTOR 2.00 X 0 0 0 MRS PATRICIA CARROLL DIRECTOR 2.00 X 0 0 0 MR H BERNARD DIXON 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 DIRECTOR 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 GARY SHARP 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 PAUL CONN PRESIDENT 40.00 X 178225 0 57170 CHRIS CONNIE CHIEF FINANCIAL OFFICER 40.00 X 133094 0 35345 DEBORAH MURRAY CHIEF ACADEMIC OFFICER 40.00 X 102017 0 10306 WILLIAM ESTES DEAN COLLEGE OF EDUCATION 40.00 X 104175 0 6380 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 40.00 X 104865 0 32234 SARA CAMPBELL DEAN OF SCHOOL OF NURSING 40.00 X 114281 0 20221 736657 0 161656 6 0 1 0 TRICON IN 2040 N OCOEE ST CLEVELAND TN 37311 CONTRACTOR 4698551 SODEXO 1120 NORTH OCOEE ST CLEVELAND TN 37311 CATERING 3729836 FHEG 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE 566419 ARCON GROUP INC 2040 N OCOEE ST CLEVELAND TN 37311 ARCHITECHTURAL 525000 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYMPIC BLVD PASADENA CA 91199 COMPUTER LEASE 324009 17 323514 10297122 10620636 TUITION & FEES 611710 67032794 67032794 RESIDENCE HALLS 611710 7130729 7130729 DINING HALL 611710 3922971 3922971 OTHER 611710 3112550 3112550 OTHER AUXILIARY 611710 335201 335201 199475 199475 81733720 484743 484743 888643 0 1710 888643 -1710 886933 886933 OTHER 611710 16937 16937 16937 93742969 81750657 0 1371676 21241626 21241626 736657 603563 133094 30422602 24731190 5691412 1144250 912054 232196 3066797 2454165 612632 2183125 1785968 397157 39297 8618 30679 28937 28937 93824 93824 64446 64446 516381 393494 122887 395072 156893 238179 2206948 1583334 623614 1024784 1024784 3707 3707 1317485 879691 437794 686140 380345 305795 414109 414109 4925523 4925523 521835 236471 285364 FOOD SERVICES 3305891 2573270 732621 STUDENT & CAMPUS ACTIVI 3292850 2772868 519982 OTHER EXPENSES 3031304 1690056 1341248 OPERATIONS AND MAINTENA 2412045 1673468 738577 2373529 2352789 20740 85449164 71773202 13675962 0 5872611 6432907 6628062 5946366 2661271 3530748 2345792 2446421 27424 395218 182092525 50228251 126194271 131864274 19024562 19960473 349087 391550 163103080 170967957 4277301 5511094 2130313 1860514 20124853 19664640 137857 185794 4017626 4561598 30687950 31783640 X 113058465 118466840 6890971 7825076 12465694 12892401 132415130 139184317 163103080 170967957 X 8293805 -673030 -918115 66527 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18575224 335410 597540 19508174 17064718 994199 516307 18575224 14728794 717170 1618754 17064718 11994470 1649606 1132580 47888 14728768 10800769 925942 288453 20694 11994470 0.27350 0.64040 0.08610 0 0 20083659 20083659 102520438 21833147 80687291 29813164 14605566 15207598 18056940 11528176 6528764 11618324 2261362 9356962 131864274 MONEY MARKET CASH ACCOUNTS 452280 F CERTIFICATE OF DEPOSITS 2223200 F COMMON STOCKS 7672568 F INTERNATIONAL EQUITY FUNDS 2747191 F CORPORATE BONDS 3986268 F BONDS, NOTES AND GOVERNMENT SECURITIES 2284717 F REGIONS SOUTHEAST TIMBER FUND II, LLC 594249 F 19960473 LOAN ADVANCES-PERKINS LOANS 3180542 AGENCY FUNDS/STUDENT DEPOSITS 1000243 INTEREST RATE SWAP OBLIGATION 155124 CAPITAL LEASE OBLIGATIONS 225689 4561598 X 71830394 -673030 66527 -606503 72436897 64446 21241626 21306072 93742969 64143092 0 64143092 64446 21241626 21306072 85449164 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 66,527. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 21,241,626. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 21,241,626. 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 4377 21241626 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 98923 0 5465 0 51705 0 235395 0 0 0 CHRIS CONNIE CHIEF FINANCIAL OFFICER 133094 0 0 0 0 0 12400 0 22945 0 168439 0 0 0 A LEE UNIVERSITY 620502739 2010-10-15 8960158 TO REFINANCE SEVEN OUTSTANDING LOANS INTO ONE TAX-EXEMPT BOND 0 1 0 B LEE UNIVERSITY 620502739 2009-03-18 6400000 TO FINANCE THE CONSTRUCTION OF THE SCIENCE AND MATH COMPLEX 0 1 0 C LEE UNIVERSITY 620502739 2010-12-09 9100000 TO FINANCE PROPERTY ACQUISITIONS AND DORM CONSTRUCTION 0 1 0 D LEE UNIVERSITY 620502739 2013-09-03 9100000 TO FINANCE COMMUNICATION ARTS BUILDING 0 1 0 A 8960158 8960158 32898 8927260 2008 0 0 0 0 B 2896560 6400000 51902 6348098 2010 0 0 0 0 C 4281300 9100000 100000 9000000 2011 0 0 0 0 D 1891623 9100000 77000 9023000 2014 0 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 REGIONS BANK 4.300000000000 1 0 0 0 0 B 0 0 1 0 1 0 0 0 0 C 0 0 1 0 1 1 BB&T 9.500000000000 1 0 0 0 0 D 0 0 1 0 1 1 0 0 0 0 0 A 0 B 0 C 0 D 0 PAUL CONN FAMILY RELATION 5223551 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. 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 11 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 66,527. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR