2015-02-13T13:15:51-06:00 2014-06-30 570381582 ELLIOTT DAVIS DECOSIMO LLC PLLC 1100 TALLAN FINANCIAL CENTER CHATTANOOGA TN 37402 990 2013-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE VICE PRESIDENT 4236148102 2015-02-12 1 JAMES T MORRISON P00211883 4237567100 2013 2016-02-25 16:41:14Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 373114475 92490665 0 X WWW.LEEUNIVERSITY.EDU X 1918 TN LEE UNIVERSITY IS A CHRISTIAN INSTITUTION WHICH OFFERS LIBERAL ARTS AND PROFESSIONAL EDUCATION ON BOTH THE BACCALAUREATE AND MASTER'S LEVELS.THE MISSION PROVIDES A FOUNDATION FOR LEE'S EMPHASIS ON TEACHING EXCELLENCE, THE RESIDENTIAL CAMPUS EXPERIENCE, A COMMITMENT TO DIVERSITY, AND ACCESS FOR A WIDE RANGE OF STUDENTS. LEE SEEKS TO NURTURE THE INDIVIDUAL STUDENT HOLISTICALLY, AND FACULTY AND STAFF INVOLVEMENT WITH STUDENTS IN AND OUT OF THE CLASSROOM IS A PRIORITY. AS THE MISSION STATEMENT CONTINUES:THE FOUNDATIONAL PURPOSE OF ALL EDUCATIONAL PROGRAMS IS TO DEVELOP WITHIN THE STUDENTS KNOWLEDGE, APPRECIATION, UNDERSTANDING, ABILITY AND SKILLS WHICH WILL PREPARE THEM FOR RESPONSIBLE CHRISTIAN LIVING IN THE MODERN WORLD. 14 14 2189 0 0 0 11566108 12725894 71993286 75972280 28913 330869 0 0 83588307 89029043 17259022 18237780 0 0 29246371 28981047 0 0 0 28574985 30323022 75080378 77541849 8507929 11487194 150254274 162664700 33742130 33659447 116512144 129005253 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 24987355 65041980 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 4,135 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 21805115 18237780 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. 8912600 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 8470235 10930300 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF. INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM 8470235 10930300 64175305 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 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 1 199 0 1 2189 1 0 0 0 0 0 0 0 0 1 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 TN X CHRIS CONINE 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 MR ROBERT DAUGHERTY 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 MR JEFF ROBINSON 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 148880 0 55604 CHRIS CONINE CHIEF FINANCIAL OFFICER 40.00 X 122303 0 9152 DEBORAH MURRAY CHIEF ACADEMIC OFFICER 40.00 X 94350 0 0 MATTHEW YELTON WOMEN'S SOCCER HEAD COACH 40.00 X 102910 0 852 WILLIAM ESTES DEAN COLLEGE OF EDUCATION 40.00 X 105626 0 600 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 40.00 X 104511 0 852 678580 0 67060 5 0 1 0 TRICON INC 2040 N OCOEE ST CLEVELAND TN 31311 CONSTRUCTION CONTRACTOR 3985878 SODEXO INC 1120 NORTH OCOEE STREET CLEVELAND TN 37311 FOOD SERVICES 3644912 FHEG - LEE UNIVERSITY BOOKSTORE 3146 SOLUTIONS CENTER CHICAGO IL 60677 CAMPUS BOOKSTORE 536610 ELLUCIAN 62814 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE PROVIDER/MAINTENCE 401087 ARCON GROUP INC 2040 N OCOEE ST CLEVELAND TN 37311 ARCHITECTURE 375000 24 347589 12378305 12725894 TUITION & FEES 611710 62111040 62111040 RESIDENCE HALLS 611710 6633732 6633732 DINING HALL 611710 3794551 3794551 LUDIC 611710 198726 198726 CAMPUS STORE 611710 166079 166079 3068152 3068152 75972280 346214 346214 3446277 3030949 430673 415328 -430673 -15345 -15345 89029043 75972280 0 330869 18237780 18237780 341721 273377 68344 25045854 20703933 4341921 1753098 1175232 577866 1840374 1524920 315454 4438 3600 838 59338 59338 62720 62720 59607 59607 497473 179635 317838 891954 474769 417185 1331765 918171 413594 1120607 1099515 21092 4120 4120 1051236 676003 375233 684192 479950 204242 506858 506858 4717872 4717872 2386657 1938810 447847 STUDENT & CAMPUS ACTIVI 7725398 4453819 3271579 UTILITIES 3215762 2702367 513395 FOOD SERVICES 3011643 2481876 529767 OPERATIONS AND MAINTENA 1824423 1196800 627623 1166959 425898 741061 77541849 64175305 13366544 0 12040471 9824676 2000000 7233886 2009601 3025858 2308758 2232061 40933 2124 164057659 41989556 117222914 122068103 13013566 17869305 1618031 408687 150254274 162664700 4286195 3162315 1969642 2194449 18923170 20482585 3226962 3150591 5336161 4669507 33742130 33659447 X 99757367 111868650 6094182 5724637 10660595 11411966 116512144 129005253 150254274 162664700 X 11487194 857675 148240 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14728794 717170 1618754 17064718 11994470 1649606 1132580 47888 14728768 10800769 925942 288453 20694 11994470 8529291 1092104 1179374 10800769 7997340 320161 311790 100000 8529291 0.22380 0.64680 0.12940 0 0 18286268 18286268 95637427 19365588 76271839 25509426 11458607 14050819 13850491 8437300 5413191 10774047 2728061 8045986 122068103 MONEY MARKET CASH ACCOUNTS 690589 F CERTIFICATE OF DEPOSITS 2112490 F COMMON STOCKS 8145681 F INTERNATIONAL EQUITY FUNDS 1310763 F U.S. GOVERNMENT INSTRUMENTS 5124332 F REGIONS SOUTHEAST TIMBER FUND II, LLC 485450 F 17869305 LOAN ADVANCES-PERKINS LOANS 3057929 AGENCY FUNDS/STUDENT DEPOSITS 753725 INTEREST RATE SWAP OBLIGATION 351464 CAPITAL LEASE OBLIGATIONS 506389 4669507 72227851 857675 857675 71370176 17658867 17658867 89029043 59734742 430673 430673 59304069 18237780 18237780 77541849 PART V, LINE 4: ENDOWMENT EARNINGS ARE FOR SCHOLARSHIPS ONLY. IF THE TOTAL ALLOCATED EARNINGS ARE NOT AWARDED WITHIN THE YEAR, THEY ARE HELD IN THE TEMPORARILY RESTRICTED FUND AND AWARDED IN SUBSEQUENT YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED, NETTED AGAINST TUITION & FEES ON FINANCIAL STATEMENTS 18,237,780. LOSS ON DISPOSAL OF PLANT, PROPERTY, AND EQUIPMENT -430,673. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION -148,240. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 430,673. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED, NETTED AGAINST TUITION & FEES ON FINANCIAL STATEMENTS 18,237,780. 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 3457 18237780 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 80065 0 0 0 68815 0 5503 0 50101 0 204484 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 5100000 TO FINANCE COMMUNICATION ARTS BUILDING 0 1 0 A 6570783 8960158 32898 8927260 2008 0 0 0 0 B 1988624 6400000 51902 6348098 2010 0 0 0 0 C 2349700 9100000 100000 9000000 2011 0 0 0 0 D 135132 5100000 77000 5023000 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 RAY CONN FAMILY RELATION 4360878 THE UNIVERSITY HAS A MEMBER OF ITS ADMINISTRATION WHO HAS A RELATIVE WITH A FINANCIAL INTEREST IN A CONSTRUCTION COMPANY AND AN ARCHITECTURE COMPANY WHICH THE UNIVERSITY ENGAGED TO PERFORM CERTAIN CONSTRUCTION PROJECTS. AMOUNTS PAID TO THESE TWO COMPANIES FOR SERVICES DURING FISCAL YEAR ENDING JUNE 30, 2014 TOTALED $3,985,878 AND $375,000 RESPECTIVELY. 0 FORM 990, PART VI, SECTION A, LINE 2 THE UNIVERSITY HAS A MEMBER OF ITS ADMINISTRATION WHO HAS A RELATIVE WITH A FINANCIAL INTEREST IN A CONSTRUCTION COMPANY WHICH THE UNIVERSITY ENGAGED TO PERFORM CERTAIN CONSTRUCTION PROJECTS. THE AMOUNT DUE THE CONSTRUCTION COMPANY FOR CONSTRUCTION COSTS INCURRED AS OF JUNE 30, 2014, TOTALED $-. AMOUNTS PAID TO THE COMPANY TOTALED $3,985,878 AND $- FOR THE YEARS ENDED JUNE 30, 2014 AND 2013, RESPECTIVELY. 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 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 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 XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION 148,240. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR