2011-02-11T16:32:33-05:00 2010-06-30 ERNST & YOUNG LLP 55 IVAN ALLEN JR BLVD SUITE 1000 ATLANTA GA 30308 990 2009-07-01 591237047 Saint Leo University SAIN 3525888215 33701 State Road 52 Post Office Box 6665 Saint Leo FL 335746665 Frank Mezzanini 3525888215 2011-02-11 4048174977 2009 2016-02-24 21:20:13Z X Arthur F Kirk Jr PO Box 6665 Saint Leo FL 33574 138531710 false 0928 X www.saintleo.edu X 1965 FL Saint Leo University is a Catholic, liberal arts-based university serving people of all faiths. 35 34 2483 0 10958 0 1791278 6164539 113722572 125767235 -933600 598566 2061220 2569050 116641470 135099390 11011038 12763668 0 0 50800942 54155277 0 0 2404739 48509140 53549499 110321120 120468444 6320350 14630946 111910780 125314523 44332497 42851153 67578283 82463370 Saint Leo University is a Catholic, liberal arts-based university serving people of all faiths. Rooted in the 1,500-year-old Benedictine tradition, the University seeks balanced growth in mind, body and spirit for all members of its community. On its home campus and many extension centers, Saint Leo University offers a practical, effective model for life and leadership in a challenging world, a model based on steadfast, moral consciousness that recognizes the dignity, value and gifts of all people. To accomplish its mission, the university community creates a student-centered environment in which love of learning is of prime importance. Members of the community are expected to examine and express their own values, listen respectfully to and respond to the opinions of others, serve the community in which they live, welcome others into their lives and care for all of God's creations. false false 91321586 12763668 114419497 Saint Leo University provides a conventional on-campus college education as well as extension programs including military education and other continuing education courses. See attached facts sheet regarding enrollment, degree programs and locations of the university campus, numerous other facilities, and military bases at which the university operates. 7307163 11358696 Auxiliary enterprises of the university provide certain customary services such as housing, food service, and various student activities for the benefit of the students of the university. University Profile: Facts and Figures - Fall 2009 Locations and Enrollment Saint Leo University enrolls students at the traditional University Campus, 17 regional education centers, and the Center for Online Learning. University-wide, Saint Leo enrolls students from all 50 states and 53 countries. Saint Leo University ranks as one of the nation's ten leading providers of higher education to the military and is a nationally recognized leader in online education. Total Enrollment (Fall 2009) 14,339 University College University Campus 1,744 Saint Leo, Florida California San Diego Center 21 MCAS Miramar Naval Base Coronado Naval Station San Diego USCG Alameda Office Florida Gainesville Center 499 Stark Office Key West Center 127 Lake City Center 227 Trenton Office MacDill AFB Center 409 Avon Park Office Hillsborough Community College Office South Shore Office St. Petersburg Office Northeast Florida Center 222 NS Mayport Office Orange Park Office Palatka Office St. Augustine Office Ocala Center 416 Lake Sumter Office Tallahassee Center 125 Madison Office Eglin Office Georgia Atlanta-Fort McPherson Center 836 Atlanta Police Academy Office NAS Atlanta Office Gwinnett Office Savannah Center 369 Mississippi Columbus Center 49 South Carolina Shaw Center 267 Charleston Office Sumter Office Texas Naval Station Ingleside Center 154 NAS Corpus Christi Office Virginia Fort Eustis Center 464 Fort Lee Center 167 Langley AFB Center 781 South Hampton Roads Center 1,425 Chesapeake Office Naval Air Station Oceana Office Naval Amphibious Base Little Creek Office Naval station Norfolk Office Weekend and Evening Program 278 University Campus Brooksville Office New Port Richey Office Center for Online Learning 3,195 Graduate Programs 2,398 Graduate Students Undergraduate Students Online Consortium of Independent Colleges and Universities 141 Criminal Justice Institute 16 Faculty and Staff: Total Faculty 975 Full-Time Faculty 151 Terminal Degrees (full-time faculty) 135 Adjunct Faculty (currently active) 824 Total Staff 450 Full-Time Staff 413 Part-Time Staff 37 Student-Teacher Ratio (UC) 15:1 Athletics More than 275 athletes participate in the NCAA Division II athletics at the university. Saint Leo is a member of the Sunshine State Conference, the Deep South Conference (lacrosse), and the Bluegrass Mountain Conference (swimming). Men's Sports - basketball, cross country, golf, tennis, soccer, baseball, swimming, and lacrosse. Women's Sports - basketball, cross country, golf, tennis, softball, soccer, volleyball, and swimming. Alumni Saint Leo University's alumni number more than 60,000 and live throughout the 50 states, four U.S. territories, and 60 countries. Tuition University College (per year) $16,996 School of Continuing Education (per credit) Civilian Centers $237 Military Centers $168 Center for Online Learning Corporate (non-military) $440 Active Military $250 Graduate Programs (per credit) $369 MBA Online (corporate) $589 MBA Online (military) $448 Schools and Majors Students enrolled at Saint Leo University may choose from 41 academic programs including associate, bachelor's, and master's degree programs, along with pre-professional and accelerated-learning programs. School of Arts and Sciences " Biology (School of A&S - Cont'd) " English " Environmental Science " History " International Studies " Liberal Studies " Mathematics " Medical Technology " Political Science " Psychology " Sociology " Theology / Religion School of Business " Accounting " Business Administration " Communication Management " Computer Information Systems " Health Care Management " Human Resources Management (School of Business - Cont'd) " International Hospitality and Tourism Management " Management (offered only at University Campus) " Marketing (offered only at University Campus) " Sport Business (offered only at University Campus) School of Education and Social Services " Criminal Justice " Elementary Education (K-6) " Human Services Administration " Middle Grades Education (5-9) " Social Work Degree Programs " Associate of Arts " Bachelor of Arts " Bachelor of Applied Science " Bachelor of Science " Bachelor of Social Work " Master of Arts (Degree Programs - Cont'd) " Master of Business Administration " Master of Education " Master of Science " Master of Science " Master of Social Work " Education Specialist Accreditation Saint Leo University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools (1866 Southern Lane, Decatur, Georgia) to award the associate, bachelor's, master's, and specialist's degrees. Saint Leo University's School of Business received initial accreditation by the International Assembly for Collegiate Business Education (IACBE) in September 1999. The university's degree program in social work is accredited by the Commission on Accreditation of the Council on Social Work Education (BSW level). The university's undergraduate sport management program is nationally approved by the Sport Management Program Review Council (SMPRC. Saint Leo University has Teacher Education Programs approval by the State of Florida Department of Education. Saint Leo University is licensed by the Nonpublic Postsecondary Education Commission organized under the Georgia Department of Education. Saint Leo University's Shaw Center is licensed by the South Carolina Commission on Higher Education. The State Council of Higher Education in Virginia (SCHEV) has certified Saint Leo University to operate in Virginia (Fort Eustis Center, Fort Lee Center, Langley Center, and South Hampton Roads Center. (Accreditation - Cont'd) Saint Leo University does not discriminate on the basis of race, color, national origin, age, gender, disability, or veteran status in administration of its educational policies, admission policies, scholarship and loan programs, athletic and other school-administered programs. 98628749 true true false false false false true false true true true false true true true false false false true false false false true true true false false false false false true false false false false true false false false false false false false false true 79 0 true 2483 true true true true CJ false false false false false false false 35 34 true false false false false false false true true false false true true true true true true true true false X Frank Mezzanini 3525888215 PO BOX 6665 Saint Leo FL 33574 Sr Roberta Bailey OSB 4.0 X 0 0 0 Noel Boeke 4.0 X 0 0 0 Cynthia Brannen 4.0 X 0 0 0 William J Lennox Jr 4.0 X 0 0 0 Robert Buckner 4.0 X 0 0 0 Marvin Mulligan 4.0 X 0 0 0 Sheila McDevitt 4.0 X 0 0 0 Glen Greenfelder 4.0 X 0 0 0 Peter Powers 4.0 X 0 0 0 Shelley Broader 4.0 X 0 0 0 Douglas Cohn 4.0 X 0 0 0 Anthony Gerbino 4.0 X 0 0 0 Mary OKeefe 4.0 X 0 0 0 John Bermingham 4.0 X 0 0 0 Edward Kobel 4.0 X 0 0 0 Father Robert F Morris 4.0 X 0 0 0 Donald Tapia 4.0 X 0 0 0 Michael Lombardy 4.0 X 0 0 0 Paul Lehner 4.0 X 0 0 0 Thomas Schrader 4.0 X 0 0 0 John View 4.0 X 0 0 0 Adelfa Lopez 4.0 X 0 0 0 Nadeem Mazhar 4.0 X 0 0 0 Robert Cabot 4.0 X 0 0 0 Thomas OBrien 4.0 X 0 0 0 Victor Burke 4.0 X 0 0 0 Father Isaac Camacho OSB 4.0 X 0 0 0 Dennis Hayes 4.0 X 0 0 0 Dr David Hernandez 4.0 X 0 0 0 Jacquelyn White 40.0 X 102470 0 49411 Thamir AR Kaddouri Jr 4.0 X 0 0 0 Anthony Borrell 4.0 X 0 0 0 Alfredo Molina 4.0 X 0 0 0 William Pope 4.0 X 0 0 0 Pat Thompson 4.0 X 0 0 0 Arthur F Kirk 60.0 X 581751 0 86213 Francis Mezzanini 60.0 X 198950 0 67232 Edward Dadez 60.0 X 218547 0 43782 David Ostrander 60.0 X 186034 0 39858 Maribeth Durst 60.0 X 185362 0 59625 Michael Nastanski 60.0 X 171286 0 61025 Gary Bracken 60.0 X 211619 0 38676 1856019 0 445822 59 false true false Lunz Prebor Fowler Architects 58 Lake Morton Dr LAKELAND FL 33801 Architect 1033046 Paskill Stapelton Graphics One Roberts Ave GLENSIDE PA 19038 Graphics Firm 715756 A and G Electrical 35230 Abbot Charles Rd DADE CITY FL 33525 Contractor 364935 Ernst and Young PO Box 933514 ATLANTA GA 31193 Auditors 238600 Springer Peterson Roofing PO Box 1648 EATON PARK FL 33840 Contractor 189335 8 1720978 4443561 94735 6164539 TUITION AND FEES 611430 114419497 114419497 SALES OF AUXILIARY ENTERPRISES 611710 11347738 11347738 125767235 513697 513697 0 0 82964 56433 26531 26531 26531 3331904 3238168 8867 93736 -8867 84869 84869 44317 78098 128852 -84535 -84535 0 0 POOL MEMBERSHIP 713940 10958 10958 ALL OTHER REVENUE 900099 2616096 2616096 2627054 135099390 125767235 10958 3156658 0 12763668 12763668 0 0 809749 809749 0 43249352 36808227 5151978 1289147 1543526 1311997 216094 15435 4858975 3551577 1051600 255798 3693675 3205644 385772 102259 0 54060 54060 175250 175250 0 0 76859 76859 29798169 27469065 2151338 177766 1450775 1234702 210315 5758 4134040 2728154 1247372 158514 731142 91458 631884 7800 0 2184530 1977822 189522 17186 1410574 1154282 187783 68509 0 340122 265882 66457 7783 1230854 1230854 0 4242233 4242233 623110 623110 Entertainment 820922 670434 94145 56343 Credit Card Fees 799284 563768 232656 2860 Educational Material 690774 690774 Dues/Subscriptions 441846 175657 207159 59030 All other expenses 4344955 3965638 198766 180551 120468444 98628749 19434956 2404739 9302504 25224552 2072890 5060762 10500807 6060719 373040 332000 625287 559134 31307 54238 3953972 1135598 109610946 36091611 72742661 73519335 7962304 8878405 2654372 2716315 551104 418500 1140532 1354965 111910780 125314523 8974379 8193260 1442138 1665204 767758 782033 33033957 32091489 114265 119167 44332497 42851153 X 55562166 66648475 5602262 9283692 6413855 6531203 67578283 82463370 111910780 125314523 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 492065 0 0 X X false 5217908 176951 272511 190709 5476661 5102435 51737 255122 191386 5217908 0.13000 0.87000 true false 2303379 2303379 59139258 12738638 46400620 19986388 12655217 7331171 28181921 10697756 17484164 73519334 0 Deposits held for others 119167 119167 135099390 120468444 14630946 254142 254142 14885088 124898252 254142 -10511713 -10257571 135155823 -56433 -56433 135099390 110013164 56433 56433 109956731 10511713 10511713 120468444 Fine Art Work / Endowment Funds Sch D Part III / Sch D Part V ART WORK: The majority of the art work are prints by Yankel Ginzburg. The art work is exhibited throughout the campus buildings. ENDOWMENT: The majority of the Endowment is for the purpose of providing scholarships. Other endowments are for items such as library materials and service trips. SCHEDULE D, PART XII - RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENT WITH REVENUE PER RETURN: Line 2D: UNIVERSITY FUNDED SCHOLARSHIP ALLOWANCE -10,511,713 LINE 4B: RENTAL EXPENSE -56,433 SCHEDULE D, PART XIII - RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH EXPENSES PER RETURN: LINE 2D: UNIVERSITY FUNDED SCHOLARSHIP ALLOWANCE 10,511,713 Line 4B: RENTAL EXPENSE 56,433 true true true Yes, the nondiscriminatory policy ads run in September in newspapers in every University location. true true true true false false false false false false false false true false THE COLLEGE PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS, WHICH ARE LISTED BELOW. THESE PROGRAMS ARE AUDITED ANNUALLY IN ACCORDANCE WITH RELATED REGULATIONS. STUDENT FINANCIAL ASSISTANCE U.S. DEPARTMENT OF EDUCATION: FEDERAL PELL GRANT PROGRAM FEDERAL WORK STUDY PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS FEDERAL DIRECT STUDENT LOAN PROGRAM FEDERAL PERKINS LOAN PROGRAM ACADEMIC COMPETITIVENESS GRANT NATIONAL SCIENCE & MATHEMATICS ACCESS TO RETAIN TALENT GRANT BYRD HONORS SCHOLARSHIP STATE FINANCIAL ASSISTANCE FLORIDA DEPARTMENT OF EDUCATION AND COMMISSIONER OF EDUCATION: FLORIDA RESIDENT ACCESS GRANT FLORIDA STUDENT ASSISTANCE GRANT FLORIDA BRIGHT FUTURES SCHOLARSHIP PROGRAM SCHOLARSHIPS FOR CHILDREN AND SPOUSES OF DECEASED OR DISABLED VETERANS AND SERVICE MEMBERS MINORITY TEACHER SCHOLARSHIP PROGRAM FLORIDA COMMISSIONER OF EDUCATION true East Asia and the Pacific 0 0 Program Services Offer MBA Grad Courses 0 0 0 0 GENERAL INFORMATION ON ACTIVITIES OUTSIDE THE UNITED STATES Schedule F, Part I, Line 3 SAINT LEO UNIVERSITY WORKS WITH AN AGENT LOCATED IN TAIWAN WHO FACILITATES BUSINESS TRANSACTIONS WITH A BUSINESS SCHOOL IN SINGAPORE. SAINT LEO UNIVERSITY (SLU) ENTERED INTO A PARTNERSHIP WITH LINCOLN BUSINESS SCHOOL (LBS) LOCATED AT 420 NORTH BRIDGE ROAD, #02-20 NORTH BRIDGE CENTRE, SINGAPORE 188727 , WHEREBY SLU GRANTED LBS THE EXCLUSIVE RIGHT TO OPERATE SLU'S MASTERS OF BUSINESS ADMINISTRATION PROGRAM IN SINGAPORE. SLU RECEIVED $61,660 DURING THE YEAR ENDED JUNE 30, 2010 FOR TUITION FEES FROM STUDENTS ENROLLED AT LBS. Spirit St Leo 34642 9000 25642 11372 Alumni Events 10335 1650 8685 51061 5 77438 67448 9990 66419 122415 78098 44317 128852 128852 -84535 true Athletic Scholarships 198 1678701 Institutional Merit Scholarships 2278 7632258 Endowments Scholarships 112 334606 Annual Scholarship 42 36200 Institutional Need Based Scholarships 213 397723 Other Educ Shlshp - inc employee tuition remission 563 1930978 Employee Frng Bnfit Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants Individuals requesting any form of financial aid must complete personal financial statements and if they are dependents, they must also provide parental or guardian financial information. Only individuals who are enrolled in the school at the time of disbursements are considered for financial aid. X X X X X true true X X X X X false false false false false true false false false Arthur F Kirk 317705 0 196560 0 67486 0 67984 0 18229 0 667964 0 0 0 Francis Mezzanini 152950 0 46000 0 0 0 51900 0 15332 0 266182 0 0 0 Edward Dadez 160881 0 45000 0 12666 0 35501 0 8281 0 262329 0 0 0 David Ostrander 161034 0 25000 0 0 0 28063 0 11795 0 225892 0 0 0 Maribeth Durst 155362 0 30000 0 0 0 52495 0 7130 0 244987 0 0 0 Michael Nastanski 158186 0 12500 0 600 0 51828 0 9197 0 232311 0 0 0 Gary Bracken 156879 0 50000 0 4740 0 27272 0 11404 0 250295 0 0 0 Jacquelyn White 102470 0 0 0 0 0 38424 0 10987 0 151881 0 0 0 Supplemental Compensation Information FORM 990, SCHEDULE J, PART I, LINE 1B DR. ARTHUR KIRK HAS THE FOLLOWING TAXABLE ALLOWANCES: LIFE, DISABILITY LT CARE INSURANCE 3,232 HOUSING ALLOWANCE 30,000 PERSONAL FINANCIAL SERVICES 4,500 AUTOMOBILE ALLOWANCE 9,750 SOCIAL CLUB DUES 7,131 SPENDING ACCOUNT 12,873 THE HOUSE ALLOWANCE IS FOR KEEPING DR. KIRK'S HOUSE OPEN FOR UNIVERSITY FUNCTIONS. EDWARD DADEZ HAS THE FOLLOWING TAXABLE ALLOWANCES: LOANS-FORGONE, DEBT FORGIVENESS 12,666 MICHAEL NASTANSKI HAS THE FOLLOWING TAXABLE ALLOWANCES: SOCIAL CLUB DUES 600 Form 990, Schedule J, Part I, Line 6a A performance review is conducted annually for each executive at Saintt Leo University. The contribution to organizational performance of each executive is documented and evaluated for a reasonable amount of incentive compensation based on the market practices. Incentive compensation is determined as a percentage of surplus or net revenues of the University. ARTHUR F. KIRK 196,560 FRANCIS MEZZANINI 46,000 EDWARD DADEZ 45,000 DAVID OSTRANDER 25,000 MARIBETH DURST 30,000 MICHAEL NASTANSKI 12,500 GARY BRACKEN 50,000 Higher Educational Facilities Financing Authority 900058227 2006-09-29 10000000 STUDENT RESIDENTIAL BUILDINGS false false Pinellas County Educational Facilities Authority 596000800 2007-06-15 1950000 REFUND MORTGAGE/STUDENT HOUSING false false Higher Educational Facilities Financing Authority 942567020 2009-12-31 21450000 SEE SCHEDULE O false false Higher Educational Facilities Financing Authority 942567020 2010-05-13 22000000 EDUCATIONAL FACILITIES false false 10000000 0 0 0 50000 0 9950000 2007 false false true true 1950000 0 0 0 54253 0 1895747 2007 true false true true 21450000 0 21246849 0 203151 0 0 2009 false false true true 22000000 0 0 0 216078 0 0 2011 false false false true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true true true false false false true false true true Regions Bank false false true true true false false false true true true false false false true Dr Arthur F KirkJr - See Schedule O X 264000 264000 false true true Dr Edward W Dadez - See Schedule O X 68000 68000 false false true 332000 X 3 14733 Cost/Selling Price X Chiller 1 75000 Cost/Selling Price X Other Misc Assets 3 5002 Other 0 false true false Schedule M - Supplemental Information THE NUMBERS IN PART I, COLUMN (B) REFLECT THE NUMBER OF CONTRIBUTIONS. IN SOME CASES THERE WERE MULTIPLE ITEMS IN ONE CONTRIBUTION. Supplemental Information FORM 990, PART IV, QUESTION 4 LOBBY ACTIVITIES SAINT LEO IS A MEMBER OF ICUF (INDEPENDENT COLLEGES AND UNIVERSITIES OF FLORIDA). SAINT LEO PAYS ANNUAL DUES, OF WHICH A PORTION IS ALLOCATED TO LOBBYING LAWMAKERS IN THE STATE OF FLORIDA AND WASHINGTON DC. THE DUES ARE BASED ON ICUF'S LOBBYING EXPENSES FOR 28 COLLEGES AND UNIVERSITIES. SAINT LEO'S PORTION IS 1/28 OF THE TOTAL AMOUNT. SAINT LEO DOES NOT INFLUENCE OR CONTROL THE ISSUES ICUF LOBBIES, HOWEVER, THE ISSUES THAT ARE IMPORTANT TO ICUF MEMBERS ARE WHAT THE ORGANIZATION GENERALLY WILL LOBBY FOR/AGAINST. ACCORDING TO ICUF, NO LOBBYING EXPENSES WERE INCURRED DURING REPORTING YEAR 2009. PART V, LINE 4B SIGNATURE AUTHORITY OVER ON A FINANCIAL ACCOUNT IN A FOREIGN COUNTRY FOREIGN BASED INVESTMENTS WERE PART OF THE 2514 INVESTMENT FUND IN THE CAYMAN ISLANDS WHICH WAS AN ALTERNATIVE INVESTMENT PARTIALLY INVESTED IN OFF SHORE ENTITIES. AS OF JULY 2010 SAINT LEO UNIVERSITY HAS COMPLETELY DIVESTED THE 2514 AND HOLDS NO FOREIGN INVESTMENTS. FORM 990, PART VI, QUESTION 2 DESCRIPTION OF RELATIONSHIPS GARY BRACKEN (VP OF ENROLLMENT) STARTED A COMPANY WITH BRENDA WRIGHT (AVP OF STUDENT FINANCIAL SERVICES) AND BOTH LEFT THE UNIVERSITY DURING THE FISCAL YEAR ENDING JUNE 30, 2010. FORM 990, PART VI, QUESTION 11A DESCRIBE THE PROCESS USED BY MNGMNT &/OR GOVERNING BODY TO REVIEW 990 THE BOARD WILL RECEIVE A "FINALIZED" DRAFT COPY OF THE 990 AHEAD OF THE FEBRUARY BOARD MEETINGS. DURING THE BOARD MEETING THE MANAGEMENT TEAM WILL BRIEFLY DISCUSS AND DESCRIBE THE 990 AND WILL TAKE COMMENTS AND QUESTIONS RELATED TO THE DRAFT. AFTER THE FEBRUARY BOARD MEETING SAINT LEO UNIVERSITY WILL SUBMIT THE 990 TO THE IRS. FORM 990, PART VI, QUESTION 15A OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN THE UNIVERSITY HIRES AN INDEPENDENT CONSULTANT TO REVIEW AND MAKE RECOMMENDATIONS FOR THE PRESIDENT'S COMPENSATION PACKAGE BASED ON INDUSTRY, TRENDS, ETC. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DECIDES WHAT THE PRESIDENT'S COMPENSATION WILL BE AFTER REVIEWING THE CONSULTANT'S WORK AND RECOMMENDATION. FORM 990, PART VI, QUESTION 15B OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL SALARIES AND BASES THEIR REVIEW ON SALARY TRENDING AND OTHER COMPENSATION RELATED INFORMATION. The process is used to establish compensation for the following offices and positions: University President Vice President of Academic Affairs Vice President of Continuing Education and Student Services Vice President of Business Vice President of Enrollment Vice President of University Advancement Associate Vice President for Technology Services University General Counsel Associate Vice President of Business Dean of Business Dean of Arts and Sciences Dean of Education and Social Services Director of the Center for Online Learning Saint Leo University compensation policy is approved annually by the Board of Director and was last undertaken in October 2010. FORM 990, PART VI, QUESTION 19 AVAIL OF GOV DOCS, CNFLCT OF INTRST POLICY, & FIN STMTS TO GEN PUBLIC SAINT LEO UNIVERSITY WILL PROVIDE COPIES OF THE POLICIES AND DOCUMENTS UPON WRITTEN REQUEST. SCHEDULE K, PART I, LINE C, COLUMN F DESCRIPTION OF PURPOSE REFUND SEPTEMBER 29, 1999 - PASCO CO. EDUCATIONAL FACILITY AUTHORITY REVENUE BONDS, SERIES 1999 REFUND NOVEMBER 19, 2002 - HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY REVENUE BONDS, SERIES 2002 REFUND NOVEMBER 12, 2004 - HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY REVENUE BONDS, SERIES 2004 SCHEDULE K, PART II, LINE 1, COLUMNS A B C D PROCEEDS FROM ALL BOND ISSUES WERE KEPT IN NON-INTEREST BEARING ACCOUNTS UNTIL EXPENDITURES MADE. SCHEDULE K, PART II, LINE 7, COLUMN D NO EXPENDITURE OF PROCEEDS WERE MADE BETWEEN MAY AND FISCAL YEAR-END JUNE 30, 2010. SCHEDULE K, PART II, LINE 8, COLUMN D THE BUSINESS SCHOOL ON THE SAINT LEO UNIVERSITY CAMPUS SHOULD BE SUBSTANTIALLY COMPLETED BY AUGUST/SEPTEMBER 2011. SCHEDULE K, PART IV, LINE 3C, COLUMN B TERM OF HEDGE THE NOTIONAL AMOUNT OF $21,837,000 AT A FIXED RATE OF 2.79% AND THE NOTIONAL AMOUNT OF $1,882,386 AT A FIXED RATE OF 2.64% SCHEDULE L, PART II DR. ARTHUR F KIRK JR - PRESIDENT THE PURPOSE OF THE SECURED BENEFIT PLAN IS TO ATTRACT AND RETAIN QUALIFIED EMPLOYEES BY SHARING OWNERSHIP OF AN INSURANCE POLICY ON THE ELIGIBLE INDIVIDUAL'S LIFE PAID FOR BY THE EMPLOYER. DR. KIRK IS THE FIRST OWNER OF THE POLICY AND SAINT LEO UNIVERSITY IS THE SECOND OWNER. AT THE TERMINATION OF THE POLICY OR PAYMENT OF DEATH BENEFITS THE UNIVERSITY RECOVERS ALL ITS COST IN THE LIFE INSURANCE POLICY. SCHEDULE L PART II - DR. EDWARD W. DADEZ - VP STUDENT SERVICES The loan to Dr. Dadez is an agreement that Saint Leo University entered so that they were able to retain his specialty and knowledge dealing with our military and civilian centers. The loan has a repayment provision that protects Saint Leo's interests.