2014-02-11T11:04:27-06:00 2013-06-30 620852719 JOSEPH DECOSIMO AND COMPANY PLLC 1100 TALLAN FINANCIAL CENTER CHATTANOOGA TN 37402 990 2012-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE 4236148102 2014-02-06 1 JAMES T MORRISON P00211883 4237567100 2012 2015-11-30 17:44:51Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 373114475 88433470 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 2249 0 0 0 7646818 11566108 71567681 71993286 293762 28913 0 0 79508261 83588307 16776529 17259022 0 0 28442308 29246371 0 0 0 29581995 28574985 74800832 75080378 4707429 8507929 141617944 150254300 34170518 33742156 107447426 116512144 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 22894600 61051003 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 4,130 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 20701721 17259022 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. 8667820 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 8779749 10942283 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF. INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM 8779749 10942283 61043890 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 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 209 0 1 2249 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 II 2.00 X 0 0 0 MR CECIL BROWN 2.00 X 0 0 0 MRS PATRICIA CARROLL 2.00 X 0 0 0 MR H BERNARD DIXON 2.00 X 0 0 0 MR BILL W HIGGINBOTHAM 2.00 X 0 0 0 MR HECTOR DIAZ 2.00 X 0 0 0 MR JERRY MADDEN 2.00 X 0 0 0 MR DENNIS LIVINGSTON 2.00 X 0 0 0 MR BYRON MEDLIN 2.00 X 0 0 0 MR MARK WALKER 2.00 X 0 0 0 MR GARY SHARP 2.00 X 0 0 0 MR LEE STORMS 2.00 X 0 0 0 MR MARK HARRIS 2.00 X 0 0 0 PAUL CONN 40.00 X 283842 0 41803 CHRIS CONINE 40.00 X 119324 0 8131 CAROLYN DIRKSEN 40.00 X 87584 0 13046 WALT MAULDIN 40.00 X 58336 0 52711 HOWARD HAMMOND 40.00 X 81188 0 9467 MICHAEL HAYES 40.00 X 102219 0 811 PHILLIP COOK 40.00 X 82284 0 811 JAYSON VANHOOK 40.00 X 97384 0 811 JEFF ROBINSON 2.00 X 0 0 0 MATTHEW YELTON 40.00 X 101298 0 0 1013459 0 127591 4 0 1 0 SODEXO INC 1120 NORTH OCOEE STREET CLEVELAND TN 37311 FOOD SERVICES 3668283 FHEG - LEE UNIVERSITY BOOKSTORE 3146 SOLUTIONS CENTER CHICAGO IL 60677 CAMPUS BOOKSTORE 577253 FIRST AMERICAN EQUIPMENT FINANCE PO BOX 10374 UNIONDALE NY 11555 COMPUTER LEASES 396032 MSA PO BOX 4119 CHATTANOOGA TN 37405 COPIER MAINTENANCE 210124 9 416038 11150070 11566108 TUITION & FEES 611710 58653677 58653677 RESIDENCE HALLS 611710 6645856 6645856 DINING HALL 611710 3779548 3779548 LUDIC 611710 205759 205759 CAMPUS STORE 611710 174288 174288 2534158 2534158 71993286 325138 325138 4548938 4427149 418014 121789 -418014 -296225 -296225 83588307 71993286 0 28913 17259022 17259022 1045032 870973 174059 24775280 20648754 4126526 1678942 1098260 580682 1747117 1449536 297581 6989 3600 3389 29579 29579 77000 77000 48432 48432 856418 174156 682262 891838 518775 373063 1190793 800612 390181 246531 244788 1743 4120 4120 24625 24625 1214252 758815 455437 761444 484795 276649 625545 625545 5050772 5050772 2198004 1744683 453321 STUDENT & CAMPUS ACTIVI 6573993 2574149 3999844 UTILITIES 3173639 2533356 640283 FOOD SERVICES 3082657 2476713 605944 OPERATIONS AND MAINTENA 1458988 1242851 216137 1059366 454990 604376 75080378 61043890 14036488 0 3949611 12040471 291410 2000000 1953149 2009601 2455867 2308758 68986 40933 155328522 38105608 120790812 117222914 11557642 13013592 550467 1618031 141617944 150254300 2791285 4286221 1966817 1969642 20030306 18923170 3195864 3226962 6186246 5336161 34170518 33742156 X 96884479 99757367 1561098 6094182 9001849 10660595 107447426 116512144 141617944 150254300 X 8507929 700902 -144113 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11994470 1649606 1132580 47888 14728768 10800769 925942 288453 20694 11994470 8529291 1092104 1179374 10800769 7997340 320161 311790 100000 8529291 9039820 294802 -721672 615610 7997340 0.20810 0.69740 0.09450 0 0 17611297 17611297 96417644 18468491 77949153 24897611 10261854 14635757 13260556 7909168 5351388 3141414 1466095 1675319 117222914 MONEY MARKET CASH ACCOUNTS 1078990 F CERTIFICATE OF DEPOSITS 877394 F COMMON STOCKS 5756300 F INTERNATIONAL EQUITY FUNDS 708729 F U.S. GOVERNMENT INSTRUMENTS 4293303 F TIMBER FUND 298876 F 13013592 LOAN ADVANCES-PERKINS LOANS 3507815 AGENCY FUNDS/STUDENT DEPOSITS 841665 INTEREST RATE SWAP OBLIGATION 499704 CAPITAL LEASE OBLIGATIONS 486977 5336161 68533026 700902 700902 67832124 15756183 15756183 83588307 59468308 755814 755814 58712494 16367884 16367884 75080378 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 17,259,022. LOSS ON DISPOSAL OF PLANT, PROPERTY, AND EQUIPMENT -418,014. EMPLOYEE TUITION WAIVERS, NETTED AGAINST TUITION INCOME ON FORM 990 -891,138. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION -193,687. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 418,014. IMPAIRMENT LOSS 337,800. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED, NETTED AGAINST TUITION & FEES ON FINANCIAL STATEMENTS 17,259,022. EMPLOYEE TUITION WAIVERS, NETTED AGAINST TUITION INCOME ON FORM 990 -891,138. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 RECEIVES FEDERAL FINANCIAL AID 0 SCHOLARSHIP ALLOWANCES TO STUDENTS 3889 17259022 X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 PAUL CONN 116707 0 0 0 167135 0 39568 0 2235 0 325645 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 A 4928087 8960158 32898 8927260 2008 0 0 0 0 B 1545767 6400000 51902 6348098 2010 0 0 0 0 C 1429800 9100000 100000 9000000 2011 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 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 RAYMOND CONN RAYMOND IS THE BROTHER OF THE PRESIDENT OF THE UNIVERSITY 503360 THE UNIVERSITY HAS A MEMBER OF ITS ADMINISTRATION WHO HAS A RELATIVE WITH A FINANCIAL INTEREST IN A CONSTRUCTION COMPANY WHICH THE UNIVERSITY HAS ENGAGED TO PERFORM CERTAIN CONSTRUCTION PROJECTS. 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, 2013, TOTALED $503,360. AMOUNTS PAID TO THE COMPANY TOTALED $- AND $2,648,877 FOR THE YEARS ENDED JUNE 30, 2013 AND 2012, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE CPA 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION 193,687. IMPAIRMENT LOSS -337,800. FORM 990, PART XI, LINE 23C: NO CHANGE FROM PRIOR YEAR