2016-05-09T16:25:32-07:00 2015-06-30 990 2014-07-01 590624416 Stetson University Inc STET 3868227015 421 N Woodland Blvd DeLand FL 327238417 Frank Robert Huth Jr Executive Vice President and CFO 3868227015 2016-05-09 2014 2016-08-17 19:52:53Z Frank Robert Huth Jr 421 N Woodland Blvd Unit 8278 DeLand FL 32723 281276388 0 X www.stetson.edu X 1883 FL Our mission at Stetson University is to provide an excellent education in a creative community where learning and values meet, and to foster in students the qualities of mind and heart that will prepare them to reach their full potential as informed citizens of local communities and the world. 35 34 2760 274 53813 0 19233630 16644963 163698845 172783288 14856998 13978303 2502608 3930552 200292081 207337106 61922860 68524518 0 0 71771733 74819171 26664 17852 3139067 49565900 49705943 183287157 193067484 17004924 14269622 402872065 459258935 86967812 139886192 315904253 319372743 Stetson Mission: Our mission at Stetson University is to provide an excellent education in a creative community where learning and values meet, and to foster in students the qualities of mind and heart that will prepare them to reach their full potential as informed citizens of local communities and the world. 0 0 156136249 68524518 155463230 Educational: The University provides high quality educational services to students on four different campuses, serving over 2,800 undergraduate students and over 1,500 graduate and post-baccalaureate students. The University is committed to its strong liberal arts heritage, offering over 60 major and minor programs in various fields of study. The University offers numerous graduate degree programs, along with Juris Doctor, Master of Laws, and Master of Jurisprudence degrees. The undergraduate student to faculty ratio is 12:1; The DeLand campus has 205 full-time faculty members, 94 percent of who hold a Ph.D. or equivalent degrees. The College of Law campus employees 50 professors and is supplemented by over 50 experienced practitioners in specialized areas. Grants and scholarships were provided to students based on talent, academic, and athletic achievement and financial need. 16418263 0 17320058 Auxiliary enterprises: The University auxiliary enterprises are for the convenience and benefit of its students, faculty, and staff. These services include a wide variety of students housing options, including dormitories and apartment-style accommodations. In addition, the university offers full array of dinning services, student convenience store, campus bookstore, and print shop. 0 0 0 172554512 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 1 6243 0 1 2760 1 1 1 1 SP 0 0 0 1 1 1 2 0 0 0 X 35 34 1 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 FL X Frank Robert Huth Jr 3868227015 421 N Woodland Blvd DeLand FL 327238417 Wendy B Libby President/Trustee 70 0 X X 535756 0 110598 Steven Alexander Trustee 0 0 X 0 0 0 Maureen Breakiron-Evans Trustee 0 0 X 0 0 0 Cynthia R Brown Trustee 0 0 X 0 0 0 J Hyatt Brown Trustee 0 0 X 0 0 0 S Sammy Cacciatore Jr Trustee 0 0 X 0 0 0 Joe R Cooper Trustee 0 0 X 0 0 0 Bonnie Foreman Trustee 0 0 X 0 0 0 Richard C George Trustee 0 0 X 0 0 0 R Dean Hollis Trustee 0 0 X 0 0 0 Tony Jenkins Trustee 0 0 X 0 0 0 Jill Jinks Trustee 0 0 X 0 0 0 Betty D Johnson Trustee 0 0 X 0 0 0 Geoffrey Jollay Trustee 0 0 X 0 0 0 Gerald D Kruhm Trustee 0 0 X 0 0 0 L Patrick Lane Trustee 0 0 X 0 0 0 Brenda H Lopez Trustee 0 0 X 0 0 0 Christine E Lynn Trustee 0 0 X 0 0 0 Joshua Magidson Trustee 0 0 X 0 0 0 Peter Matulis Trustee 0 0 X 0 0 0 Lee McGraw Trustee 0 0 X 0 0 0 Jane Edmunds Novak Trustee 0 0 X 0 0 0 Harlan Paul Trustee 0 0 X 0 0 0 Luis Prats Trustee 0 0 X 0 0 0 Billy Raley Trustee 0 0 X 0 0 0 Gary D Reddick Trustee 0 0 X 0 0 0 David B Rinker Trustee 0 0 X 0 0 0 John D Walda Trustee 0 0 X 0 0 0 Charles A Wolfe Trustee 0 0 X 0 0 0 Kenneth Ziesenheim Trustee 0 0 X 0 0 0 Nancy Farmer Trustee 0 0 X 0 0 0 Scott Bruin Trustee 0 0 X 0 0 0 Susan Morris Trustee 0 0 X 0 0 0 Robert Pocica Trustee 0 0 X 0 0 0 Troy Templeton Trustee 0 0 X 0 0 0 Elizabeth Paul Provost 60 0 X 290062 0 51689 Frank R Huth VP of Business Affairs CFO 60 0 X 266766 0 74562 Joel Bauman VP Enrollment Management 60 0 X 178462 0 55003 Greg Carroll VP for University Marketing 60 0 X 165946 0 40578 Jeffery Ulmer VP for University Relations 60 0 X 119819 0 18499 Christopher Kandus-Fisher VP of Student Affairs 60 0 X 137904 0 33420 Christopher Pietruszkiewicz Dean of Law School 60 0 X 250630 0 56189 Thomas Schwarz Dean of Business School 60 0 X 217428 0 35834 Thomas Masse Dean of the School of Music 60 0 X 174187 0 24985 Karen Ryan Dean of Arts and Science 60 0 X 168143 0 40208 Jeffrey Altier Director of Athletics 60 0 X 167002 0 45586 Peter F Lake Professor of Law 40 0 X 236515 0 39767 Rebecca Morgan Professor of Law 40 0 X 234290 0 43595 Bruce Jacob Professor of Law Dean Emeritus 40 0 X 228589 0 46680 Robert Bickel Professor of Law 40 0 X 227831 0 33069 Theresa Pulley-Radwan Professor of Law 40 0 X 227054 0 17928 3826384 0 768190 107 0 1 0 Chartwells PO Box 91337 Chicago IL 606931337 Food Service 4923320 Bace Construction Inc 1623 Alligator Road DeLand FL 32724 Construction 2183321 Ebsco Subscription Services PO Box 204661 Dallas TX 75320 Library Periodical Services 549330 Tech Strategies International LLC 1553 Stargazer Terrace Sanford FL 32771 Consultants/Training 461617 Hopton Roofing Inc 1309 Duroc Drive Lake Helen FL 32744 Construction 404290 25 0 0 35516 0 1501487 15107960 1119763 16644963 Tuition & Fees 611710 150572104 150572104 0 0 Residential Room Charge 611710 10145387 10145387 0 0 Dining Services 611710 6951678 6951678 0 0 Sales of Educational Services 611710 3747725 3747725 0 0 Athletics 611710 952623 952623 0 0 413771 413771 0 0 172783288 6524856 0 0 6524856 0 0 0 0 9071 0 0 9071 3650896 0 1175628 0 2475268 0 2475268 0 58970 2416298 79871342 282052 72699947 0 7171395 282052 7453447 7453447 0 0 74574 35516 63707 10867 0 10867 Sponsorship 611710 333070 333070 0 0 Bookstore 611710 225160 225160 0 0 Traffic Fees & Fines 611710 175345 175345 0 0 701771 706928 -5157 0 1435346 207337106 181677238 53813 8961092 68524518 68524518 2171337 632672 1310570 228095 55772237 48223721 5789288 1759228 4939201 4164595 614833 159773 8109087 6837354 1009421 262312 3827309 3227080 476424 123805 10029 10029 109285 109285 114332 114332 17852 17852 765228 765228 3644552 3364335 253904 26313 730472 345603 359237 25632 4717201 3688910 812664 215627 3425270 2834228 573940 17102 276 276 9224121 7877871 1304278 41972 4012154 3793303 211067 7784 492962 415959 69204 7799 2611377 2577821 15093 18463 8325073 7620952 655959 48162 2081720 747037 1334378 305 Dining Services/Catering 5568754 5217002 234228 117524 Athletics 897897 883835 6965 7097 Subscriptions 942268 749246 165835 27187 Memberships & Dues 412686 236983 171254 4449 1620286 591211 1006489 22586 193067484 172554512 17373905 3139067 322865 335747 18921742 56560320 18689429 22526778 4567638 2806189 5604134 4888086 259686 241629 2503474 2600276 271369752 117993411 136593948 153376341 199820527 200882773 15588622 15040796 402872065 459258935 12254640 12765171 4611610 5286680 50483560 95519719 3643287 519607 15974715 25795015 86967812 139886192 X 138482758 135957534 50135662 50588686 127285833 132826523 315904253 319372743 402872065 459258935 X 14269622 -7898770 0 0 0 -2902362 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3185280 0 0 X X X 0 215457201 5766600 5432997 3620985 6456012 756558 215823243 186127395 8348302 29538265 3182625 4576288 797848 215457201 150756818 21313141 20733969 2464079 3402800 809654 186127395 147734624 5804081 3109254 2044587 3352974 493580 150756818 124861138 4050767 24654567 2121012 3447411 263425 147734624 0.29 0.6 0.11 1 0 1146500 8559180 9705680 0 205865186 78361325 127503861 0 0 0 0 0 25928977 18114212 7814765 0 29869909 21517874 8352035 153376341 0 Annuities Payable 2184050 Deposits/Held for Others 191593 Post Retirement Benefits 6826911 Refundable Gov't Loan Funds 5147779 Unamortized Premium 11444682 25795015 X 130953770 -7898770 0 0 -68998113 -76896883 207850653 765228 -1278775 -513547 207337106 125056513 0 0 0 1278775 1278775 123777738 765228 68524518 69289746 193067484 Schedule D, Part III, Line 4 The majority of the University art collection includes a significant body of work from the renowned German painter, Oscar Bluemner. This portion of the collection was valued at $2,621,000 at the time it was gifted to the university in 2000. Additional works from various artists, including several paintings and sculpture, have been gifted to the University's collections over the years. These works, along with the art contributed by Stetson students, are currently housed in the Hand Art Center, where both the Stetson community and the public may study and enjoy them. The Gillespie Museum of Minerals is Stetson University's earth science collection museum. The museum's collection of 20,000 mineral, rock, and fossil specimens is valued at $402,431. The museum has developed over the past fifty years into a center for environmental education. Exhibits and Displays include geology, native Florida ecosystems and plant landscapes, minerals and mining, and fluorescent rocks. Schedule D, Part V, Line 4 The University endowment funds are used primarily for the benefit of students, faculty support, program support and facilities. The majority of endowment funds go to support student scholarships, including awards for merit, athletic participation and financial need. Endowment funds support several faculty chair positions, as well as general faculty salaries and benefits. Several university programs, such as the George investment program and the Hollis renaissance program are fully supported by endowments. Additionally, the endowment provides facilities maintenance and support for existing institutional buildings and dormitories. Schedule D, Part X, Line 2 Income taxes: The University is exempt from federal income taxation as defined by Section 501(c)(3) of the Internal Revenue Code and is generally exempt from state income taxes under the provisions of the Florida Nonprofit Corporation Act. Therefore no provision for income taxes has been reflected in the accompanying consolidated financial statements. Management evaluated the University's tax positions and concluded that the College had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the Income Taxes Topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (FASB ASC). With few exceptions, the University is no longer subject to income tax examinations by the U.S. federal or state or local tax authorities for years before 2010. Schedule D, Part XI, Line 2d Scholarships <$68,524,518>, Actuarial Adjustment <$117,621>, and Write-off on Uncollectible Pledges <$355,973>. Schedule D, Part XI, Line 4b Rental <$1,175,628>, UBI Advertising <$39,439>, and Fundraising Expense <$63,707>. Schedule D, Part XII, Line 2d Rental $1,175,628, UBI Advertising $39,439, and Fundraising Expense $63,707. Schedule D, Part XII, Line 4b Scholarships $68,524,518 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 University bulletin is made available to all prospective students via the University's website. Schedule E, Part I, Line 6 Stetson University participates in numerous federal and state programs listed in Stetson single audit report under OMB Circular A-133 and the Single Audit Act of the state of Florida. Federal Programs are as follows: US Department of Education and Department of Commerce and US Department of Health and Human Services and National Science Foundation Department of the Interior and national Endowment for the Humanities. State Programs are as follows: Florida Department of Education Department of Highway Safety and Motor Vehicles. Central America and the Caribbean 0 0 Speaking at Seminars or Conferences Conferences - Cayman Islands 4587 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conferences - France 2613 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conferences - Germany 3745 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conferences - Ireland 22919 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conferences - Netherlands 5109 East Asia and the Pacific 0 0 Speaking at Seminars or Conferences Conferences - Singapore 745 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conferences - Spain 7911 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conferences - United Kingdom 1139 South America 0 0 Speaking at Seminars or Conferences Conferences - Venezuela 1047 Europe (including Iceland and Greenland) 0 0 Program Services Performance - Austria 25041 Europe (including Iceland and Greenland) 0 0 Program Services Performance - United Kingdom 131356 Europe (including Iceland and Greenland) 0 0 Program Services Publication Services 1250 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Research - Mexico 975 Europe (including Iceland and Greenland) 0 0 Program Services Research - England 5074 Europe (including Iceland and Greenland) 0 0 Program Services Research - Germany 3973 Sub-Saharan Africa 0 0 Program Services Research - Mozambique 2699 Europe (including Iceland and Greenland) 0 0 Program Services Research - Netherlands 625 Russia and the newly independent States 0 0 Program Services Research - Russia 2638 Europe (including Iceland and Greenland) 0 0 Program Services Research - Scotland 1427 East Asia and the Pacific 0 0 Program Services Research - Shanghai 2465 East Asia and the Pacific 0 0 Program Services Research - Singapore 2500 Europe (including Iceland and Greenland) 0 0 Program Services Research - Switzerland 1749 Sub-Saharan Africa 0 0 Program Services Research - Tanzania 11062 Europe (including Iceland and Greenland) 0 0 Program Services Research - Turkey 3925 Europe (including Iceland and Greenland) 0 0 Program Services Services - Germany 18129 South America 0 0 Program Services Study Abroad - Argentina 29541 South America 0 0 Program Services Study Abroad - Brazil 11688 Central America and the Caribbean 0 0 Program Services Study Abroad - Cayman Islands 140069 Central America and the Caribbean 0 0 Program Services Study Abroad - Cuba 45507 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - England 45800 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - France 56326 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Germany 37702 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Innsbruck 125020 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - United Kingdom 297410 Russia and the newly independent States 0 0 Program Services Study Abroad - Russia 7743 Europe (including Iceland and Greenland) 0 1 Program Services Study Abroad - Spain 61844 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Switzerland 79961 East Asia and the Pacific 0 0 Program Services Study Abroad - Thailand 93552 East Asia and the Pacific 0 0 Program Services Study Abroad - Vietnam/Cambodia 71258 0 1 1368124 0 0 0 0 0 0 X X X X X X X 1 Marts & Lundy 1200 Wall Street West Lyndhurst NJ 07071 Consulting 0 0 17852 -17852 0 17852 -17852 AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY Hatter Kickoff 34225 24322 9903 0 13082 80 3929 0 1210 Chipper Jones 34075 0 34075 0 10188 9149 4409 0 1521 3 41790 11194 30596 0 3000 8150 5011 0 3978 110090 35516 74574 0 26270 17379 13349 0 6709 63707 10867 1 Scholarships are for talent, academic merit, athletic participation, and financial need. 3382 68524518 0 FMV Schedule I, Part I, Line 2 Stetson University ensures each scholarship is used for its intended purpose by applying the award amount directly to the recipient's student ledger. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 Wendy B Libby President/Trustee 411197 0 82750 0 41809 0 76000 0 34598 0 646354 0 0 0 Elizabeth Paul Provost 290062 0 0 0 0 0 26000 0 25689 0 341751 0 0 0 Frank R Huth VP of Business Affairs CFO 266766 0 0 0 0 0 52756 0 21806 0 341328 0 0 0 Joel Bauman VP Enrollment Management 178462 0 0 0 0 0 36916 0 18087 0 233465 0 0 0 Greg Carroll VP for University Marketing 165947 0 0 0 0 0 17737 0 22841 0 206525 0 0 0 Christopher Kandus-Fisher VP of Student Affairs 137904 0 0 0 0 0 14625 0 18795 0 171324 0 0 0 Christopher Pietruszkiewicz Dean of Law School 250630 0 0 0 0 0 26000 0 30189 0 306819 0 0 0 Thomas Schwarz Dean of Business School 217428 0 0 0 0 0 22177 0 13657 0 253262 0 0 0 Thomas Masse Dean of the School of Music 174187 0 0 0 0 0 17764 0 7221 0 199172 0 0 0 Karen Ryan Dean of Arts and Science 168143 0 0 0 0 0 17716 0 22492 0 208351 0 0 0 Jeffrey Altier Director of Athletics 167002 0 0 0 0 0 34322 0 11264 0 212588 0 0 0 Peter F Lake Professor of Law 236515 0 0 0 0 0 20504 0 19263 0 276282 0 0 0 Rebecca Morgan Professor of Law 234290 0 0 0 0 0 22634 0 20961 0 277885 0 0 0 Bruce Jacob Professor of Law Dean Emeritus 228589 0 0 0 0 0 24076 0 22604 0 275269 0 0 0 Robert Bickel Professor of Law 227831 0 0 0 0 0 23625 0 9444 0 260900 0 0 0 Theresa Pulley-Radwan Professor of Law 227054 0 0 0 0 0 17928 0 0 0 244982 0 0 0 Schedule J, Part I, Line 1a The President's spouse accompanies her on business related travel when his presence is expected and necessary for the event. Travel expenses for spousal or companion travel are not reimbursed under the current University policy, except in very limited cases where the president's spouse is required or is expected to attend the function. The president is provided a residence on campus. Along with providing housing for the president and her spouse, the residence is also used for various university events and functions hosted by the president. Staff employed by the university provides housekeeping services at the president's residence. Catering services are also provided for university functions and events held at the president's residence for University purpose. Schedule J, Part I, Line 4 The University contributes to a supplemental nonqualified retirement plan under IRC Section 457(f) for the benefit of Wendy Libby, President; F. Robert Huth, Executive VP and CFO; Joel Bauman, VP for Enrollment Management; Jeff Altier, Director of Athletics. The collective amount contributed by the University for calendar year 2014 of $111,592 is included on Schedule J, Part II, Column (C). Amounts contributed are unfunded and subject to a substantial risk of forfeiture pursuant to the years of service requirement under this plan. A Volusia County Educational Facilities Authority 800000613 928836LXI 2015-04-01 107948319 Finance certain property acquisitions, renovations, and improvements to the University DeLand and Gu 0 0 0 A 0 0 107948319 0 18579 0 902842 0 0 15769253 56168333 35089312 1 0 0 1 A 0 1 0 0 0.008 0 0.008 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I, Column f-04/01/2015 107,948,319 Volusia County Educational Facilities Authority Finance certain property acquisitions, renovations, and improvements to the University DeLand and Gulfport campuses. Refund all of the Volusia County Educational Facilities Revenue and Refunding Bonds (Stetson University, Inc. Project), Series 2005, Series 2010, and Series 2011. Paid off bank loan made to the University from 5th3rd Bank, dated March 18, 2013. J Hyatt Brown Trustee 1809215 Insurance Service provided by Trustee's Business 0 Cythia R Brown Trustee 0 Insurance Service provided by Trustee's business 0 Steve Alexander Trustee 122000 Provided Bond Advisory Services from Trustee's Business 0 X 32065 Fair Market Value X 22475 Fair Market Value X 1 2500 Fair Market Value X 44 1024116 Fair Market Value X 7 3341 Fair Market Value X Volunteer Expense 15 6561 Actual Cost X Gift in Kind 13 8231 Fair Market Value X Event Food/Supplies 14 20473 Fair Market Value 1 0 1 0 Form 990, Part VI, Section A, Line 2 The following Board member(s) has a family relationship during fiscal year 2014-2015. J. Hyatt Brown and Cynthia R. Brown (husband and wife). Form 990, Part VI, Section A, Line 7a The Chairs of the four advisory Boards (A&S, Music, Business, and Law) and the Alumni Association President are all ex-officio members, voting members, of the Board of Trustees during their terms. Form 990, Part VI, Section B, Line 11b Prior to the May Board of Trustees meeting, the audit committee of the Board formally reviews and discusses the return, and members are given the opportunity to request or provide additional information before the return is filed. The University provides a draft copy of the Form 990 to the individual members of the Board of Trustees for review, prior to the May meeting. Form 990, Part VI, Section B, Line 12c The University's Conflict of Interest Policy is included in the articles of incorporation and the University's bylaws. Annually, the Board of Trustees members must complete a conflict of interest disclosure statement. The audit committee of the board reviews the information from these forms for possible conflict issues. The audit committee is responsible for enforcement and disclosure of issues, and any required action. Board members are required to recuse themselves from voting on any matter in which a conflict of interest exists. The conflict of interest policy that pertains to officers and any other employee of the University is included in the University's personnel policies manual. Form 990, Part VI, Section B, Line 15 The compensation of the president of the University is reviewed annually by the presidential development and compensation committee of the Board of Trustees for appropriateness. Any increase or adjustment to the annual compensation must be approved by the Board. The University uses comparative data from CUPA, NACUBO, and other survey and database resources to determine salary ranges and increases for officers and other key employees. Their salary must be approved by the president and documented in their permanent employee records. Form 990, Part VI, Section C, Line 19 Copies of the University's governing documents, conflict of interest policy, and financial statements are available to the public upon a formal request to the Vice-President of Business and CFO. Electronic versions of the financial statements are available on the University's website. Form 990, Part XI, Line 9 Change in Actuarial Value of Annuities (20a) of <$117,621>. Also a Change in Value Related Entity - Dana Foundation of <$11,807>. Also a change in Allowance for Uncollectible Pledges amounted to <$355,973>. Also Loss from Extinguishment of Debt amount to <$2,416,958>. Rounding adjustment <$3> GSH Investments LLC 421 N Woodland DeLand FL 32723 352520555 Property Management FL 77249 974667 Stetson University Inc The Charles A Dana Law Center Foundation 1401 61st Street South Gulfport FL 337073299 596135559 Contributions - Stetson Univ College of Law FL 501(c)(3) Line 5 Stetson University Inc 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The Charles A Dana Law Center Foundation c 99379 All Allocated Interest & Dividend Stetson University has filed and has been approved by IRS for an extension until May 15, 2016.