2026-05-11T14:34:07-05:00 2025-06-30 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2024-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE VICE PRESIDENT 4236148000 2026-05-08 1 0 PATRICK PITTMAN P00587461 5403450936 2026-05-08 2024 2025-03-06 01:10:19Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 37311 111269584 0 X WWW.LEEUNIVERSITY.EDU X 1918 TN LEE UNIVERSITY IS A CHRISTIAN INSTITUTION WHICH OFFERS LIBERAL ARTS AND PROFESSIONAL EDUCATION ON BOTH THE UNDERGRADUATE AND GRADUATE LEVELS THROUGH RESIDENTIAL AND DISTANCE PROGRAMS. WE SEEK TO PROVIDE EDUCATION THAT INTEGRATES BIBLICAL TRUTH AS REVEALED IN THE HOLY SCRIPTURES WITH TRUTH DISCOVERED THROUGH THE STUDY OF ARTS AND SCIENCES AND IN THE PRACTICE OF VARIOUS PROFESSIONS. A PERSONAL COMMITMENT TO JESUS CHRIST AS SAVIOR IS THE CONTROLLING PERSPECTIVE FROM WHICH OUR EDUCATIONAL ENTERPRISE IS CARRIED OUT. THE FOUNDATIONAL PURPOSE OF ALL EDUCATIONAL PROGRAMS AT LEE IS TO DEVELOP WITHIN THE STUDENTS KNOWLEDGE, APPRECIATION, UNDERSTANDING, ABILITY, AND SKILLS WHICH WILL PREPARE THEM FOR RESPONSIBLE CHRISTIAN LIVING IN A COMPLEX WORLD. 24 24 1868 0 0 0 6252245 21782477 85249950 85850367 283019 3615307 -224574 21433 91560640 111269584 25112594 25865979 0 0 35196351 36055197 0 0 0 31043041 31305288 91351986 93226464 208654 18043120 198829507 208374307 29398301 21141534 169431206 187232773 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 50396330 25865979 74169805 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 2,961 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 3934354 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. 11935242 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 8965918 11701995 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM. 8965918 11701995 75231844 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4830 0 1 1868 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 TN X THE ORGANIZATION 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 KEVIN MCGLAMERY DIRECTOR 2.00 X 2000 0 0 JEREMY ISAACS DIRECTOR 2.00 X 1000 0 0 MARK WILLIAMS DIRECTOR 2.00 X 1000 0 0 MARTY BAKER DIRECTOR 2.00 X 0 0 0 EMMITT BEALL DIRECTOR 2.00 X 0 0 0 ELIEZER BONILLA DIRECTOR 2.00 X 0 0 0 PATRICIA CARROLL DIRECTOR 2.00 X 0 0 0 DAVID COOPER DIRECTOR 2.00 X 0 0 0 ASHLEY FREER DIRECTOR 2.00 X 0 0 0 BOBBY K JONES II DIRECTOR 2.00 X 0 0 0 JERRY JETER DIRECTOR 2.00 X 0 0 0 MICHAEL KNIGHT DIRECTOR 2.00 X 0 0 0 DENNIS LIVINGSTON DIRECTOR 2.00 X 0 0 0 WADE LOMBARD CHAIRMAN 2.00 X 0 0 0 JERRY MADDEN DIRECTOR 2.00 X 0 0 0 BYRON MEDLIN DIRECTOR 2.00 X 0 0 0 DERWOOD PERKINS DIRECTOR 2.00 X 0 0 0 JEFF ROBINSON DIRECTOR 2.00 X 0 0 0 MATT SHARP DIRECTOR 2.00 X 0 0 0 STEVE SMITH DIRECTOR 2.00 X 0 0 0 LEE STORMS DIRECTOR 2.00 X 0 0 0 KELVIN TARUKWASHA DIRECTOR 2.00 X 0 0 0 CLAYTON WATSON VICE CHAIR 2.00 X 0 0 0 JC WORLEY DIRECTOR 2.00 X 0 0 0 MITCH CORDER DIRECTOR 2.00 X 0 0 0 CHRIS CONINE VICE PRESIDENT FOR BUSINESS & FINANCE 40.00 X 140984 0 32030 DEBORAH MURRAY PROVOST 40.00 X 123819 0 11951 CHARLES PAUL CONN PRESIDENT AND CHANCELLOR 40.00 X 170643 0 71935 ANDREA DISMUKES PROFESSOR OF VOICE 40.00 X 158297 0 8410 PAUL DELALUZ CHAIR, DEPARTMENT OF NATURAL SCIENCES 40.00 X 125025 0 12762 WILLIAM ESTES DEAN, COLLEGE OF EDUCATION 40.00 X 119472 0 8744 XIAOQING YU ASSOCIATE PROFESSOR OF VIOLIN 40.00 X 119300 0 1713 JOHN HISEY ASSOCIATE PROFESSOR OF BIOLOGY 40.00 X 115323 0 1713 MARK WALKER FORMER PRESIDENT 40.00 X 146090 0 93276 1222953 0 242534 18 1 1 0 SODEXO 1120 NORTH OCOEE ST CLEVELAND TN 37311 FOOD SERVICE/CATERING 4612845 FOLLETT HIGHER EDUCATION GROUP LLC 3146 SOLUTIONS CENTER CHICAGO IL 60677 BOOKSTORE 906926 FIRST AMERICAN EQUIPMENT FINANCE 1801 W OLYMPIC BLVD PASADENA CA 91199 COMPUTER LEASES 632618 WRIGHT SPECIALTY PREMIUM TRUST PO BOX 959482 SAINT LOUIS MO 63195 FIBER OPTICS 626765 ELLUCIAN LLC 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE MAINTENANCE 513398 27 1830277 19952200 16772 21782477 TUITION & FEES 611310 67691976 67691976 RESIDENCE HALLS 611710 6795349 6795349 OTHER PROGRAM 611710 6456396 6456396 DINING HALL 611710 4388469 4388469 OTHER AUXILIARY 611710 444642 444642 73535 73535 85850367 548745 548745 3066562 0 3066562 3066562 3066562 21433 21433 21433 111269584 85871800 0 3615307 25865979 25865979 637603 140750 496853 29441728 23234919 6206809 888938 729360 159578 2923317 2652677 270640 2163611 1585582 578029 187599 187599 125797 12500 113297 74292 74292 2652778 1013965 1638813 721667 618951 102716 960592 642011 318581 2072528 2072528 2824667 2339272 485395 551501 227549 323952 440174 407029 33145 4970939 4596627 374312 1489210 572824 916386 FOOD SERVICES 4526361 3215762 1310599 OTHER EXPENSES 3786182 1737443 2048739 UTILITIES 2986838 2761929 224909 STUDENT & CAMPUS ACTIVI 2934163 2876715 57448 93226464 75231844 17994620 0 9122664 4681214 365696 8534680 6688115 4323393 9542 9542 53369 141221 242006489 94567889 147622329 147438600 34268209 42593329 699583 652328 198829507 208374307 7917317 7889392 1588262 1810073 8625405 4754179 11267317 6687890 29398301 21141534 X 140680737 142784685 28750469 44448088 169431206 187232773 198829507 208374307 18043120 -241553 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32936546 816878 3299462 977742 36075144 30026624 628464 3269858 988400 32936546 27776527 939149 2922722 1611774 30026624 30674062 1232026 -4038778 90783 27776527 24863084 1059730 5906073 1154825 30674062 0.27095 0.57488 0.15417 0 0 23205189 23205189 119163981 35725291 83438690 51844681 29246541 22598140 28577025 23702211 4874814 19215613 5893846 13321767 147438600 MONEY MARKET CASH ACCOUNTS 408850 F COMMON STOCKS 17243584 F INTERNATIONAL EQUITY FUNDS 3816187 F DIVERSIFIED STRATEGIES 5389876 C CORPORATE BONDS 2746122 F BONDS, NOTES AND GOVERNMENT SECURITIES 4821699 F BALANCED FUNDS 287657 F CERTIFICATES OF DEPOSIT 7879354 F 42593329 LOAN ADVANCES-US GOVERNMENT 2070601 AGENCY FUNDS/STUDENT DEPOSITS 1058774 CAPITAL LEASE OBLIGATIONS 345430 LINE OF CREDIT 3122828 OPERATING LEASE LIABILITY 90257 6687890 X 85087760 -241553 -241553 85329313 74292 25865979 25940271 111269584 67286193 0 67286193 74292 25865979 25940271 93226464 PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELEVANT STATE REGULATIONS. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THE UNIVERSITY'S EXEMPT PURPOSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 25,865,979. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED 25,865,979. 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 1 SCHOLARSHIP ALLOWANCES TO STUDENTS 3364 25865979 FMV TUITION CREDIT PART I, LINE 2: - GRANT FUNDS ARE MONITORED ON A DAILY BASIS VIA THE UNIVERSITY'S DAILY BUDGET REPORT. - GRANT FUNDS ARE LOCATED IN A CERTAIN DEPARTMENTAL SEQUENCE WITHIN THE GENERAL LEDGER. - UPON A GRANT BEING AWARDED A BUDGET REVISION IS CREATED BY DIRECTOR OF GRANT ACCOUNTING FOR THE CORRESPONDING AMOUNT OF THE AWARD. - GRANT FUNDS ARE RECEIVED IN THE FORM OF CHECK, ACH OR THEY ARE DRAWN DOWN VIA THE DEPARTMENT OF EDUCATION'S G5 WEBSITE. - GRANT FUNDS ARE DEPOSITED INTO THE CORRESPONDING GRANTS INCOME LINE. - STATE AND FEDERAL GRANT, THE FUNDS ARE DRAWN DOWN AFTER EXPENSES ARE INCURRED AND THE ACCOUNTS HAVE BEEN RECONCILED FOR ACCURACY. - DRAW DOWN AND RECONCILIATION OF GRANT FUNDS ARE COMPLETED ON A MONTH BASIS. - RECEIPT OF FUNDS ARE DOCUMENT IN TWO SEPARATE LOCATIONS. WITHIN THE GENERAL LEDGER AS WELL AS IN THE UNIVERSITY'S GRANT SOFTWARE, AMPLIFUND. - AT YEAR END, JUNE 30, A RECONCILIATION IS COMPLETED OF THE ENTIRE GRANT DEPARTMENT TO ENSURE ACCURACY OF EXPENSES AND REVENUE. X X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 CHARLES PAUL CONN PRESIDENT AND CHANCELLOR 105232 0 0 0 65411 0 14091 0 57844 0 242578 0 0 0 MARK WALKER FORMER PRESIDENT 131704 0 0 0 14386 0 32083 0 61193 0 239366 0 0 0 CHRIS CONINE VICE PRESIDENT FOR BUSINESS & FINANC 140984 0 0 0 0 0 14250 0 17780 0 173014 0 0 0 ANDREA DISMUKES PROFESSOR OF VOICE 158297 0 0 0 0 0 3862 0 4548 0 166707 0 0 0 PART I, LINE 4A THE COMPENSATION FOR XIAOGING YU INCLUDES A SEVERANCE PAYMENT OF $119,299.91. THE COMPENSATION FOR JON HISEY INCLUDES A SEVERANCE PAYMENT OF $115,322.60. THE COMPENSATION FOR ANDREA DISMUKES INCLUDES A SEVERANCE PAYMENT OF $114,000. FORM 990, SCHEDULE J, PART II THE COMPENSATION REPORTED FOR PAUL CONN, CHANCELLOR, IN PART VII, SECTION A, INCLUDES DEFERRED COMPENSATION AND THE PAYOUT OF BENEFITS ACCRUED DURING THE THIRTY-FOUR (34) YEARS OF HIS PRESIDENCY, AND THESE DISTRIBUTIONS DO NOT REFLECT ANNUAL INCOME FOR 2024. A LEE UNIVERSITY 620502739 2015-11-02 9100000 TO FINANCE THE NURSING BUILDING, THE BUSINESS BUILDING AND OTHER PROJECTS 0 1 0 B LEE UNIVERSITY 620502739 2017-03-07 4000000 TO FINANCE THE DEACON JONES DINING HALL RENOVATIONS. 0 1 0 C LEE UNIVERSITY 620502739 2019-02-20 10750000 TO FINANCE ATHLETIC FACILITIES, PARKER STREET CORRIDEOR, AND OTHER PROJECTS 0 1 0 A 8689628 9100000 91819 9008181 2017 0 0 1 1 B 3216126 4000000 46724 3953276 2017 0 0 1 1 C 7165874 10750000 112318 10637682 0 0 1 1 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 0 0 0 0 B 0 0 1 0 0 0 0 0 0 C 0 0 1 0 0 0 0 0 0 A 0 B 0 C 0 FORM 990, PART VI, SECTION A, LINE 2 A MEMBER OF THE UNIVERSITY'S ADMINISTRATION HAS A RELATIVE WITH A FINANCIAL INTEREST IN A CONSTRUCTION AND ARCHITECTURE COMPANY THE UNIVERSITY ENGAGED TO PERFORM CERTAIN CONSTRUCTION PROJECTS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE COMPTROLLER AND VICE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 12 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 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 AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THERE IS NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR.