2016-03-07T11:37:46-06:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 402 SOUTH KENTUCKY AVENUE SUITE 600 LAKELAND FL 33801 990 2014-07-01 590722789 SOUTHEASTERN UNIVERSITY SOUT 8636675000 1000 LONGFELLOW BOULEVARD LAKELAND FL 338016034 DR BRIAN CARROLL EXECUTIVE VICE PRESIDENT 8636675000 2016-03-05 1 AMY CHAPMAN P00843460 8636805600 2016-03-04 2014 2016-08-17 19:52:53Z DR KENT INGLE 1000 LONGFELLOW BOULEVARD LAKELAND FL 338016034 78707483 0 X WWW.SEU.EDU X 1935 FL TO PROVIDE EDUCATION IN A CHRIST-CENTERED, STUDENT-FOCUSED ENVIRONMENT. 26 24 1525 105 0 0 2269625 2684691 56011870 67207208 475168 1756923 3451221 3524650 62207884 75173472 14469221 19638556 0 0 27901432 33729542 0 0 1033303 19036344 20770863 61406997 74138961 800887 1034511 83398310 87947791 43018520 48152993 40379790 39794798 X FROM ITS INCEPTION IN 1935, SOUTHEASTERN UNIVERSITY HAS BEEN A CHRIST-CENTERED, STUDENT-FOCUSED UNIVERSITY. SOUTHEASTERN UNIVERSITY EXISTS TO EQUIP STUDENTS TO DISCOVER AND DEVELOP THEIR DIVINE DESIGN TO SERVE CHRIST AND THE WORLD THROUGH SPIRIT-EMPOWERED LIFE, LEARNING AND LEADERSHIP. IT IS UNIQUE IN ITS APPROACH OF DEVELOPING LEADERS WHO WILL CHANGE THE WORLD THROUGH SERVANT LEADERSHIP. SOUTHEASTERN UNIVERSITY HAS RESTED ON A SOLID FOUNDATION OF VISION AND FAITH AS THE SCHOOL HAS EVOLVED THROUGH THE YEARS. 0 0 67652697 19638556 70830233 EDUCATION - AN ASSEMBLIES OF GOD UNIVERSITY - CO-EDUCATIONAL AND PRIMARILY RESIDENTIAL - SOUTHEASTERN ENROLLS OVER 4,500 STUDENTS, BOTH TRADITIONAL AND NONTRADITIONAL, WHO REPRESENT A VARIETY OF DENOMINATIONS, PERSONAL INTERESTS, BACKGROUNDS, STATES AND COUNTRIES. SOUTHEASTERN UNIVERSITY OFFERS 51 UNDERGRADUATE DEGREE PROGRAMS AND 16 GRADUATE PROGRAMS, INCLUDING A DOCTORATE IN EDUCATION. CLASSES ARE OFFERED IN TRADITIONAL, ONLINE, AND EVENING FORMATS. GRADUATES ARE ENCOURAGED TO IMPACT CULTURE THROUGH A LIFESTYLE OF EXCELLENCE AND INTEGRITY. SOUTHEASTERN UNIVERSITY'S DEDICATION TO STUDENTS' SPIRITUAL AND INTELLECTUAL GROWTH PROVIDES A FRAMEWORK FOR CHRIST-CENTERED LIVING BOTH IN AND OUTSIDE THE CLASSROOM. 67652697 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 100 0 1525 1 0 0 0 0 0 0 0 0 0 0 X 26 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X FREDERIC S GORE CPA EXECUTIVE DI 8636675000 1000 LONGFELLOW BOULEVARD LAKELAND FL 338016034 REV TOMMY BARNETT CHANCELLOR 5.00 X X 60000 0 0 REV MWAYNE BLACKBUM VICE CHAIRMAN 1.00 X X 0 0 0 DR KENT INGLE PRESIDENT 50.00 1.00 X X 232098 0 181579 REV JOHN JORDAN SECRETARY 1.00 X X 0 0 0 REV TERRY RABURN CHAIRMAN 1.00 X X 0 0 0 REV ABNER ADORNO BOARD MEMBER 1.00 X 0 0 0 REV MARK ANTHONY BOARD MEMBER 1.00 X 0 0 0 REV TERRY BAILEY BOARD MEMBER 1.00 X 0 0 0 REV MARK BATTERSON BOARD MEMBER 1.00 X 0 0 0 MRS JENNIFER CLOSSHEY BOARD MEMBER 1.00 1.00 X 0 0 0 REV RICHARD COLLINS BOARD MEMBER 1.00 X 0 0 0 REV DAVID W DILLON BOARD MEMBER 1.00 X 0 0 0 REV DAVID DOCUSEN BOARD MEMBER 1.00 X 0 0 0 REV KENNETH DRAUGHON BOARD MEMBER 1.00 X 0 0 0 MR DAVE FADER BOARD MEMBER 1.00 X 0 0 0 REV EDWARD HAWKINS BOARD MEMBER 1.00 X 0 0 0 REV MARK JAKELSKY BOARD MEMBER 1.00 X 0 0 0 REV STEVE MASON BOARD MEMBER 1.00 X 0 0 0 REV TOMMY MOORE BOARD MEMBER 1.00 X 0 0 0 MR WILLIAM MUTZ BOARD MEMBER 1.00 1.00 X 0 0 0 REV RECARDO ORSINI BOARD MEMBER 1.00 X 0 0 0 REV TERRY ROBERTS BOARD MEMBER 1.00 X 0 0 0 REV VICTOR SMITH BOARD MEMBER 1.00 X 0 0 0 REV RANDY VALIMONT BOARD MEMBER 1.00 X 0 0 0 REV DOUG WITHERUP BOARD MEMBER 1.00 X 0 0 0 REV MAX YEARY BOARD MEMBER 1.00 X 0 0 0 DR BRIAN CARROLL EXECUTIVE VICE PRESIDENT 50.00 1.00 X 256848 0 45842 MR ROY ROWLAND IV VP FOR ENROLLMENT MGMT 50.00 X 149470 0 37917 DR WILLIAM HACKETT PROVOST 50.00 X 80750 0 106419 DR ANDREW PERMENTER VP FOR INSTITUTIONAL RESEA 50.00 X 86036 0 74140 REV CHRIS OWEN VP FOR STUDENT DEVELOPMENT 50.00 X 121711 0 54797 DR DEBORAH HAZELBAKER DEAN OF COLLEGE OF NATURAL & HS 40.00 X 110805 0 38647 DR EMILE HAWKINS PROFESSOR 40.00 X 109549 0 33649 DR CHAD NEUMAN PROFESSOR 40.00 X 100394 0 24513 1307661 0 597503 7 0 1 0 HUNT CONSTRUCTION GROUP INC 150 N ORANGE AVE SUITE 200 ORLANDO FL 33801 CONSTRUCTION SERVICES 6107050 CHARTWELL'S SOUTH REGION 101 STATE ST W JACKSONVILLE FL 32216 FOOD SERVICES 4443468 NUJAK DEVELOPMENT INC 711 N KENTUCKY AVE LAKELAND FL 33801 CONSTRUCTION SERVICES 1434687 THE LEARNING HOUSE 427 S 4TH STREET SUITE 300 LOUISVILLE KY 40202 ONLINE LEARNING SUPPORT 1053236 FOLLETT HIGHER EDUCATION GRP 3 WESTBROOK CORPORATE CENTER SUITE WESTCHESTER IL 60154 BOOKSTORE OPERATION 510961 33 31005 7350 2646336 175 2684691 TUITION AND FEES 611600 59331012 59331012 STUDENT HOUSING 611600 7015426 7015426 CAMPS/PRODUCTIONS 611600 347622 347622 FINANCE CHARGES 611710 323859 323859 PROGRAM FEES & FINES 611600 189289 189289 67207208 182538 182538 1786478 0 212093 1786478 -212093 1574385 1574385 230605 31005 328980 -98375 -98375 5789316 2992938 2796378 2796378 COMMISSIONS AND REBATES 611710 417074 417074 OTHER REVENUE 611710 302668 302668 DEBT RECOVERIES 611710 106905 106905 826647 75173472 70830233 0 1658548 19638556 19638556 1769036 1592132 176904 23476271 20727801 2303089 445381 1376523 1214300 134922 27301 5736795 5114852 568317 53626 1370917 1199251 133250 38416 141239 141239 66398 66398 28570 28570 3808489 3350876 372319 85294 1084354 844545 93838 145971 703210 571504 63500 68206 385954 347359 38595 4709030 4238127 470903 2708111 2533077 163306 11728 303425 221937 24660 56828 171373 154236 17137 4869045 4382141 486904 ADMINISTRATIVE COSTS 481702 433532 48170 BAD DEBT EXPENSES 359703 323733 35970 DUES AND MEMBERSHIPS 342610 304456 33828 4326 PRINTING AND PUBLICATIO 279162 164642 18294 96226 328488 295640 32848 74138961 67652697 5452961 1033303 5689218 6219411 11116845 308715 117205 27920 4270544 5041107 426898 409413 1981 5564 764806 992162 116182989 45781148 52835615 70401841 8143479 4301677 31719 239981 83398310 87947791 2070470 3550258 1824650 1952338 32908000 32113125 1156471 5127883 5058929 5409389 43018520 48152993 X 22038984 31005043 15440177 5401723 2900629 3388032 40379790 39794798 83398310 87947791 X 1034511 -1615875 -3628 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8143479 486090 367426 68885 8945726 6811539 294755 1332700 295515 8143479 5761516 251770 935882 137629 6811539 5545781 199160 16575 5761516 4419967 321189 808220 3595 5545781 0.19500 0.37900 0.42600 0 0 4504979 4504979 83572897 35448806 48124091 12414354 9176482 3237872 15690759 1155860 14534899 70401841 REFUNDABLE GOVERNMENT STUDENT LOANS 1456587 DEPOSITS HELD FOR OTHERS 69636 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 2703013 STUDENT DEPOSITS AND REFUNDS 1180153 5409389 X 57212389 -1615875 -19638556 -21254431 78466820 28570 -3321918 -3293348 75173472 57793753 3321918 3321918 54471835 28570 19638556 19667126 74138961 PART V, LINE 4: ENDOWMENT FUNDS ARE TO BE USED BY THE UNIVERSITY TO FUND STUDENT SCHOLARSHIPS AND FUTURE CAMPUS BUILDING PROJECTS. PART X, LINE 2: THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AND HAS NOT RECORDED ANY OBLIGATIONS FOR UNRELATED BUSINESS INCOME TAX. THE UNIVERSITY'S 2012 THROUGH 2014 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS PAID -19,638,556. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,992,938. DIRECT FUNDRAISING EXPENSES -328,980. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,992,938. DIRECT FUNDRAISING EXPENSES 328,980. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS PAID 19,638,556. 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 POLICY IS PRINTED IN CATALOG, AND THE FINANCIAL AID PACKAGE. ALSO, IT IS MENTIONED ON TELEPHONE "INFORMATION ON HOLD" MESSAGE HEARD BY GENERAL COMMUNITY AND POTENTIAL STUDENTS. SCHEDULE E, PART I, LINE 6 SOUTHEASTERN UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND ASSISTANCE. AND, IT HAS NEVER HAD ITS RIGHT TO FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY REVOKED. SEU FORUM 261610 31005 230605 31592 229000 68388 261610 31005 230605 31592 229000 68388 328980 -98375 1 SCHOLARSHIPS AND TUITION ASSISTANCE 2503 19638556 0 CASH VALUE PART I, LINE 2: THE UNIVERSITY'S SCHOLARSHIP COMMITTEE IS CHARGED WITH THE RESPONSIBILITY OF ADVERTISING AVAILABILITY OF SPECIFIC SCHOLARSHIPS, REVIEWING APPLICATIONS AND AWARDING SCHOLARSHIPS BASED ON NEED, MERIT OR OTHER SPECIFIC REQUIREMENTS PUT IN PLACE BY DONORS OF THE FUNDS OR THE UNIVERSITY'S POLICIES. X X X 1 0 X X X 1 0 0 0 0 0 0 0 0 DR KENT INGLE PRESIDENT 232098 0 0 0 0 0 181579 0 0 0 413677 0 0 0 DR BRIAN CARROLL EXECUTIVE VICE PRESIDENT 256848 0 0 0 0 0 45842 0 0 0 302690 0 0 0 MR ROY ROWLAND IV VP FOR ENROLLMENT MGMT 149470 0 0 0 0 0 37917 0 0 0 187387 0 0 0 DR WILLIAM HACKETT PROVOST 80750 0 0 0 0 0 106419 0 0 0 187169 0 0 0 DR ANDREW PERMENTER VP FOR INSTITUTIONAL RESEA 86036 0 0 0 0 0 74140 0 0 0 160176 0 0 0 REV CHRIS OWEN VP FOR STUDENT DEVELOPMENT 121711 0 0 0 0 0 54797 0 0 0 176508 0 0 0 PART I, LINE 1(A): THE ORGANIZATION PAID A NONTAXABLE HOUSING ALLOWANCE TO DR. INGLE, DR. HACKETT, DR. PERMENTER, AND REV. OWEN. BUSINESS CLUB DUES WERE PAID FOR DR. INGLE, DR. CARROLL, REV. OWEN, AND MR. ROWLAND. SPOUSAL TRAVEL WAS PAID ON OCCASION FOR 6 OFFICERS/MEMBERS OF THE LEADERSHIP TEAM AND WAS INCLUDED IN TAXABLE INCOME AS APPROPRIATE. A CITY OF LAKELAND FL 000000000 2013-11-26 10000000 TO FINANCE CONSTRUCTION PROJECTS ON CAMPUS 0 0 0 B CITY OF LAKELAND FL 000000000 2013-11-26 10000000 TO FINANCE CONSTRUCTION PROJECTS ON CAMPUS 0 0 0 C CITY OF LAKELAND FL 000000000 2013-11-26 10000000 TO FINANCE CONSTRUCTION PROJECTS ON CAMPUS 0 0 0 D CITY OF LAKELAND FL 000000000 2013-11-26 10000000 TO FINANCE CONSTRUCTION PROJECTS ON CAMPUS 0 0 0 A 10000000 1 0 1 1 B 10000000 1 0 1 1 C 10000000 1 0 1 1 D 3360000 1 0 1 1 A 0 0 0 0 0.03000 0.03000 0 0 0 B 0 0 0 0 0.03000 0.03000 0 0 0 C 0 0 0 0 0.03000 0.03000 0 0 0 D 0 0 0 0 0.03000 0.03000 0 0 0 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 0 0 0 1 0 0 0 1 D 0 0 0 0 1 0 0 0 1 A 0 B 0 C 0 D 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD OF TRUSTEES, THE VICE CHAIR OF THE BOARD OF TRUSTEES, THE SECRETARY OF THE BOARD OF TRUSTEES, THE PRESIDENT OF SOUTHEASTERN UNIVERSITY, THE ACADEMIC AFFAIRS COMMITTEE CHAIR, THE FINANCE AND AUDIT COMMITTEE CHAIR, AND UP TO THREE (3) TRUSTEES AT LARGE SELECTED BY THE BOARD OF TRUSTEES. THE AT LARGE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL SERVE FOR ONE (1) YEAR TERMS, AND MAY BE REELECTED WITHOUT LIMITS. THE CHAIR OF THE BOARD OF TRUSTEES SHALL SERVE AS THE EXECUTIVE COMMITTEE CHAIR. THE EXECUTIVE COMMITTEE SHALL HAVE DELEGATED AUTHORITY FROM THE BOARD OF TRUSTEES TO ADDRESS ROUTINE BUSINESS MATTERS BETWEEN REGULAR BOARD MEETINGS AND TO ASSIST THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT IN THEIR JOINT RESPONSIBILITY TO HELP THE BOARD TO FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. THE EXECUTIVE COMMITTEE SHALL HAVE DELEGATED AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH SHALL BE RESERVED FOR THE BOARD: ELECTION OR REMOVAL OF THE PRESIDENT; ELECTION OR REMOVAL OF A MEMBER OF THE BOARD OF TRUSTEES OR A BOARD OFFICER; CHANGES TO THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; CHANGE OF THE UNIVERSITY'S MISSION; INCURRING OF UNIVERSITY INDEBTEDNESS OTHER THAN INDEBTEDNESS IN THE ORDINARY COURSE OF BUSINESS; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY OTHER THAN IN THE ORDINARY COURSE OF BUSINESS; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. FORM 990, PART VI, SECTION A, LINE 2 REV. CHRIS OWEN AND DR. WILLIAM HACKETT MEET THE QUALIFICATIONS OF A "FAMILY RELATIONSHIP." FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM BASED ON THE INFORMATION SUBMITED BY MANAGEMENT. THEN, THE COMPLETED 990 IS PRESENTED TO THE BOARD OF TRUSTEES ELECTRONICALLY FOR REVIEW. THE BOARD OF TRUSTEES IS GIVEN A DATE BY WHICH TO RESPOND, AFTER WHICH THE FORM IS SUBMITTED TO THE IRS ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C SOUTHEASTERN UNIVERSITY'S CONFLICT OF INTEREST POLICY IS POSTED ON ITS INTRANET WEBSITE AND A QUESTIONNAIRE IS SENT TO BOARD MEMBERS AND VICE PRESIDENTS. THE POLICY REQUIRES REPORTING OF ANY RELATED PARTY TRANSACTIONS. MONITORING IS PERFORMED BY THE EXECUTIVE DIRECTOR OF FINANCE IN CONSULTATION WITH THE EXECUTIVE VICE PRESIDENT AND UNIVERSITY LEGAL COUNSEL, AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE ADMINISTRATION OF WAGES AND SALARIES FUNCTIONS UNDER THE DIRECTION OF THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE UNIVERSITY. THE WAGE AND SALARY PLAN IS ADMINISTERED BY THE OFFICE OF HUMAN RESOURCES AND REVIEWED ANNUALLY BY THE FINANCE & AUDIT COMMITTEE BEFORE PRESENTATION TO THE BOARD OF TRUSTEES FOR FINAL APPROVAL. IN REVIEWING THE WAGE STRUCTURE, CONSIDERATION IS GIVEN TO THE PREVAILING RATES FOR COMPARABLE WORK IN THE LAKELAND AREA, THE CURRENT COST OF LIVING, SALARY LEVELS OF RELATED ORGANIZATIONS, AND THE ECONOMIC CONDITION OF THE UNIVERSITY. THE DETERMINATION OF THE PRESIDENT'S COMPENSATION IS THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE WHICH MAKES A RECOMMENDATION TO THE BOARD OF TRUSTEES FOR FINAL APPROVAL. THE PROCESS INCLUDES A PERFORMANCE REVIEW AND THE STUDY OF COMPARABLE COMPENSATION DATA FROM PEER INSTITUTIONS. IN ADDITION TO THE COMPENSATION FACTORS DESCRIBED ABOVE, THE RECOMMENDATION FOR ANY PARTICULAR YEAR SHALL TAKE INTO ACCOUNT REGIONAL ECONOMIC INFORMATION AND THE FINANCIAL CONDITION OF THE UNIVERSITY. THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES MAINTAINS A DETAILED RECORD OF THE MEETINGS AND DISCUSSIONS RELATIVE TO EXECUTIVE COMPENSATION. MEANWHILE, THE PRESIDENT RECOMMENDS THE COMPENSATION OF OTHER "KEY EMPLOYEES" TO THE EXECUTIVE COMMITTEE WHICH MAKES THE FINAL DETERMINATION. INFORMATION DESCRIBED IN THE DETERMINATION OF THE PRESIDENT'S COMPENSATION IS ALSO USED FOR THAT OF "KEY EMPLOYEES." 2014 WAS THE MOST RECENT YEAR IN WHICH THE PROCESS INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 SOUTHEASTERN UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BOARD DESIGNATED NET ASSETS -3,628. FORM 990, PART XII, LINE 2(C) THIS UNIVERSITY HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILIY OF OVERSIGHT FOR THE AUDIT. THE PROCEDURE DID NOT CHANGE DURING THE YEAR. SOUTHEASTERN UNIVERSITY FOUNDATION INC 10000 LONGFELLOW BLVD LAKELAND FL 33801 463844101 FUNDRAISING FOR SOUTHEASTERN UNIVERSITY FL 501(C)(3) LINE 11B, II SOUTHEASTERN UNIVERSITY INC 1 PARK SIDE LLC 10000 LONGFELLOW BLVD LAKELAND FL 33801 205920501 RENTAL REAL ESTATE FL SOUTHEASTERN UNIVERSITY 0 1 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0