LYNN UNIVERSITY INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- LYNN UNIVERSITY INC (EIN 59-1023117)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-02-15
- IRS object ID
- 202410469349300841
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-02-15T08:48:27-06:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 75 STATE ST 13TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 591023117 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYNN UNIVERSITY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LYNN | BusinessNameControlTxt |
| Phone | 5612377181 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 NORTH MILITARY TRAIL | AddressLine1Txt |
| City | BOCA RATON | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33431 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEVIN ROSS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5612377181 | PhoneNum |
| Signature | 2024-02-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KEVIN | PersonFirstNm |
| Person Last | ROSS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIN COUTURE | PreparerPersonNm |
| PTIN | P01390592 | PTIN |
| Phone | 6177237900 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KEVIN ROSS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 NORTH MILITARY TRAIL | AddressLine1Txt |
| City | BOCA RATON | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33431 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $157,281,790 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LYNN.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1962 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE OTHE MISSION OF LYNN UNIVERSITY IS TO PROVIDE AN INNOVATIVE, GLOBAL AND PERSONALIZED EDUCATION THAT ENABLES STUDENTS TO REALIZE THEIR POTENTIAL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 1450 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $70,708 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $66,114 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,215,410 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,634,883 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $129,162,299 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $138,759,415 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$633,655 | PYInvestmentIncomeAmt |
| CY Investment Income | $388,518 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,150,352 | PYOtherRevenueAmt |
| CY Other Revenue | $3,222,180 | CYOtherRevenueAmt |
| PY Total Revenue | $137,894,406 | PYTotalRevenueAmt |
| CY Total Revenue | $146,004,996 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $39,566,992 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $44,162,532 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $51,859,436 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $56,801,384 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $5,204,409 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $41,729,173 | PYOtherExpensesAmt |
| CY Other Expenses | $46,344,440 | CYOtherExpensesAmt |
| PY Total Expenses | $133,155,601 | PYTotalExpensesAmt |
| CY Total Expenses | $147,308,356 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,738,805 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,303,360 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $202,054,235 | TotalAssetsBOYAmt |
| Total Assets EOY | $205,073,464 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $75,148,601 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $75,907,136 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $126,905,634 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $129,166,328 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | FOUNDED IN 1962 AND LOCATED IN BOCA RATON, FLORIDA., LYNN UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). (CONT. IN SCH O)THE UNIVERSITY'S MISSION IS TO PROVIDE AN INNOVATIVE, GLOBAL AND PERSONALIZED EDUCATION THAT ENABLES STUDENTS TO REALIZE THEIR POTENTIAL. THE INSTITUTION AIMS TO ACHIEVE ITS MISSION THROUGH INNOVATIVE CURRICULUM, TECHNOLOGY AND CAMPUS DESIGN. THE LYNN 2025 STRATEGIC PLAN CONTAINS THE FOLLOWING STRATEGIC PRIORITIES: 1) ENGAGE: WE WILL ENGAGE WITH OUR CONSTITUENTS TO FURTHER FOSTER A CULTURE OF PRIDE, LOYALTY AND SUPPORT. 2) ELEVATE: WE WILL ELEVATE THE LYNN EXPERIENCE, BUILDING ON OUR STRONG FOUNDATIONS TO CONTINUALLY IMPROVE AND ADAPT. 3) EXPAND: WE WILL EXPAND OUR PROGRAMS, SERVICES, OPPORTUNITIES AND CAPABILITIES. READ THE FULL STRATEGIC PLAN AT LYNN.EDU/STRATEGY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $75,829,797 | ExpenseAmt |
| Grant | $42,150,177 | GrantAmt |
| Revenue | $80,077,134 | RevenueAmt |
| Desc | THE UNIVERSITY OFFERS BACHELOR'S AND MASTER'S DEGREES AND A DOCTORAL DEGREE. THE ACADEMIC PROGRAM IS DESIGNED FOR TRADITIONAL-AGED STUDENTS, AS WELL AS A GROWING POPULATION OF ADULT LEARNERS. LYNN UNIVERSITY HAS MORE THAN 3,500 STUDENTS FROM APPROXIMATELY 100 COUNTRIES AND NEARLY ALL 50 STATES. THE UNIVERSITY OFFERS 48 UNDERGRADUATE MAJORS, 14 GRADUATE MAJORS AND 37 GRADUATE SPECIALIZATIONS. LYNN UNIVERSITY IS PROUD OF ITS TRADITION OF EDUCATING STUDENTS WHO ASSUME POSITIONS OF RESPONSIBILITY AND BECOME LEADERS IN THEIR CHOSEN PROFESSIONS. THE UNIVERSITY IS COMMITTED TO STUDENT-CENTERED LEARNING, WHERE FACULTY AND STAFF PROVIDE PERSONALIZED ATTENTION TO STUDENTS WHO HAVE VARYING LEVELS OF ACADEMIC PROFICIENCY AND ARE MOTIVATED TO EXCEL. (CONTINUED ON SCH O)A FULL RANGE OF ACADEMIC AND SUPPORT PROGRAMS ARE COORDINATED TO SERVE THE INCREASINGLY DIVERSE NEEDS OF UNDERGRADUATE AND GRADUATE STUDENTS. ADDITIONAL AND SPECIALIZED ACADEMIC SUPPORT SERVICES ARE OFFERED TO PROVIDE ACADEMIC ASSISTANCE TO HELP STUDENTS REMAIN IN COLLEGE AND GRADUATE. THESE SERVICES ARE OFFERED TO STUDENTS IN A VARIETY OF FORMS WITH A VARYING FEE SCHEDULE. AN ACADEMIC RESOURCE NAMED THE INSTITUTE FOR ACHIEVEMENT AND LEARNING IS AVAILABLE TO ALL STUDENTS, INCLUDING THOSE WITH DIAGNOSED LEARNING DIFFERENCES. MATH, COMPUTER AND OTHER SUBJECT-AREA TUTORS ASSIST STUDENTS. THE UNIVERSITY, SMALL BY DESIGN, PROVIDES AN ENVIRONMENT WITHIN AND OUTSIDE THE CLASSROOM IN WHICH A COMMUNITY OF LEARNERS CAN PURSUE ACADEMIC EXCELLENCE AND DEVELOP THEIR SKILLS AS RESPONSIBLE GLOBAL CITIZENS. FACULTY, STAFF AND STUDENTS CONTRIBUTE TO AN ATMOSPHERE THAT NURTURES CREATIVITY, FOSTERS ACHIEVEMENT, VALUES DIVERSITY AND ENCOURAGES VOLUNTEERISM. LYNN'S STUDENTS HAVE SPENT NEARLY 54,000 HOURS GIVING BACK TO THE LOCAL COMMUNITY THROUGH THE CITIZENSHIP PROJECT, A FOUR-WEEK PROGRAM DURING WHICH FIRST-YEAR STUDENTS PARTICIPATE IN HANDS-ON SERVICE ACTIVITIES. LYNN'S ACADEMIC CURRICULA AND PROGRAMS ARE STRUCTURED TO PROVIDE A BALANCE BETWEEN THE THEORETICAL AND THE PRACTICAL, ALONG WITH OPPORTUNITIES TO BECOME INVOLVED IN COMMUNITY-BASED ORGANIZATIONS AND INDUSTRIES. EDUCATION AND SERVICE ARE FULLY INTEGRATED TO MEET THE CHANGING NEEDS OF THE LOCAL AND GLOBAL COMMUNITY. THIS INTEGRATIVE DESIGN PREPARES OUR GRADUATES TO MEET THE DYNAMIC NEEDS OF THE EMERGING GLOBAL SOCIETY. A RIGOROUS CORE CURRICULUM-THE DIALOGUES-WAS LAUNCHED IN FALL 2008. CORE COURSES ARE REQUIRED THROUGH ALL FOUR YEARS IN THE BACHELOR'S DEGREE PROGRAM. IN EACH CORE CLASS, FACULTY MEMBERS MEASURE STUDENT OUTCOMES IN COMPETENCY AREAS INCLUDING WRITING, QUANTITATIVE REASONING, AND SCIENTIFIC AND TECHNOLOGICAL LITERACY. PRESENTED IN SEMINAR RATHER THAN LECTURE FORMAT, THE CORE COURSES ARE ORGANIZED AROUND LIFE'S BIG QUESTIONS: SELF AND SOCIETY, BELIEF AND REASON, JUSTICE AND CIVIC LIFE, AND QUANTITATIVE REASONING AND SCIENTIFIC LITERACY. EACH JANUARY, ALL STUDENTS ARE REQUIRED TO ATTEND COURSES THAT OFFER INTENSE FOUR-WEEK EXPERIENCES INCLUDING TRAVEL, CIVIC ACTIVISM, CAREER PREP, LANGUAGE AND CULTURE, AND OTHER CREATIVE APPROACHES TO LEARNING. ALL FRESHMEN ARE REQUIRED TO PARTICIPATE IN THE CITIZENSHIP PROJECT. LYNN UNIVERSITY LAUNCHED ITS IPAD-POWERED LEARNING PROGRAM IN 2013. FOLLOWING A SUCCESSFUL PILOT WITH UNDERGRADUATES, LYNN EXTENDED THE PROGRAM TO INCLUDE ALL FACULTY AND STUDENTS. TODAY, FACULTY CREATE FREE, MULTI-TOUCH BOOKS THROUGH THE LYNN UNIVERSITY DIGITAL PRESS. STUDENTS ACCESS COURSE MATERIALS USING CANVAS AND TEXTBOOKS CREATED BY THE LYNN UNIVERSITY DIGITAL PRESS, AND THEY EXPERIENCE ENGAGING MOBILE CONTENT DELIVERED THROUGH LYNN'S DISCUSSION-DRIVEN DIALOGUES CORE CURRICULUM. THEY ALSO SAVE UP TO 90 PERCENT IN TEXTBOOK COSTS. APPLE HAS NAMED LYNN AN APPLE DISTINGUISHED SCHOOL SINCE 2014. MOREOVER, IT RECOGNIZED SEVERAL FACULTY MEMBERS AS APPLE DISTINGUISHED EDUCATORS AND CERTIFIED MANY OTHERS. INSIDE HIGHER ED AND THE CHRONICLE OF HIGHER EDUCATION HIGHLIGHTED LYNN'S PIONEERING WORK, AND U.S. NEWS & WORLD REPORT HAS LISTED LYNN AMONG AMERICA'S MOST INNOVATIVE AND INTERNATIONAL COLLEGES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $23,461,280 | ExpenseAmt |
| Revenue | $39,972,929 | RevenueAmt |
| Desc | A PROGRAM OF ACTIVITIES COMPLIMENTS THE ACADEMIC CURRICULUM. STUDENTS CHOOSE THOSE ACTIVITIES THAT WILL CONTRIBUTE TO THEIR PERSONAL DEVELOPMENT AND ENJOYMENT - STUDENT GOVERNMENT, SERVICE CLUBS, SPORTS, SOCIAL FRATERNITIES, AND NUMEROUS SPECIAL INTEREST ORGANIZATIONS. SOCIAL ACTIVITIES INCLUDE GAME SHOWS, DANCES, COMEDIANS, LIVE MUSIC, INTERNATIONAL FESTIVALS, FILMS, POOL PARTIES, SPORTS DAYS, INTRAMURAL SPORTS, AWARD DINNERS AND NOVELTY ENTERTAINMENT. INDIVIDUAL INTERESTS RANGING FROM THE FINE ARTS TO PROFESSIONAL FOOTBALL, BASEBALL, BASKETBALL AND HOCKEY TO GOURMET DINING CAN BE FOUND IN SOUTH FLORIDA. LYNN UNIVERSITY HOLDS MEMBERSHIP IN THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA), DIVISION II, AND THE SUNSHINE STATE ATHLETIC CONFERENCE. (CONTINUED ON SCH O)INTERCOLLEGIATE ATHLETIC PROGRAMS ARE OPEN TO ALL STUDENTS IN ACCORDANCE WITH NCAA AND INSTITUTIONAL ELIGIBILITY STANDARDS. INTERCOLLEGIATE TEAMS INCLUDE MEN'S AND WOMEN'S SOCCER, MEN'S AND WOMEN'S BASKETBALL, MEN'S AND WOMEN'S GOLF, MEN'S AND WOMEN'S TENNIS, BASEBALL, SOFTBALL, MEN'S AND WOMEN'S CROSS COUNTRY, MEN'S AND WOMEN'S TRACK, MEN'S AND WOMEN'S LACROSSE, MEN AND WOMEN'S SWIMMING AND WOMEN'S VOLLEYBALL. ALL STUDENT-ATHLETES ARE REQUIRED TO ATTEND SEMINARS ON SUBSTANCE ABUSE AND NCAA STANDARDS THROUGHOUT THE SCHOOL YEAR. IN ADDITION TO INTERCOLLEGIATE SPORTS, STUDENTS ARE ENCOURAGED TO PARTICIPATE IN A WIDE RANGE OF INTRAMURAL PROGRAMS, INCLUDING FLAG FOOTBALL, SOFTBALL, SOCCER AND VOLLEYBALL. AT LEAST ONE REGISTERED NURSE OR PHYSICIAN'S ASSISTANT IS ON DUTY DURING DAYTIME HOURS IN THE HEALTH CENTER, AND WORKS IN CONJUNCTION WITH COMMUNITY MEDICAL SERVICES TO PROVIDE AMPLE HEALTH CARE. THE HEALTH CENTER PROVIDES TREATMENT FOR MINOR AILMENTS. WHEN FURTHER CARE IS NEEDED, REFERRALS ARE MADE TO LOCAL PHYSICIANS AND HEALTH CARE AGENCIES. A STAFF MEMBER ORGANIZES WELLNESS ACTIVITIES INCLUDING YOGA AND EXERCISE CLASSES AS WELL AS STUDENT STRENGTH TRAINING IN LYNN'S FITNESS CENTER. COUNSELING IS PROVIDED ON A PRIVATE OR GROUP BASIS, AND RECORDS ARE MAINTAINED IN STRICT CONFIDENCE BY THE DIRECTOR OF COUNSELING. STUDENTS ALSO ARE URGED TO CONSULT THEIR INDIVIDUAL INSTRUCTORS, RESIDENT ASSISTANTS, AND APPROPRIATE MEMBERS OF THE UNIVERSITY COMMUNITY, ALL OF WHOM ARE PROFESSIONALLY FOCUSED ON ASSISTING STUDENTS. IN ADDITION, ALCOHOL AND SUBSTANCE ABUSE LITERATURE AND REFERRAL SERVICES ARE CONTINUALLY AVAILABLE THROUGH THE COUNSELING CENTER. THE CAREER AND ALUMNI CONNECTIONS OFFICE PROVIDES A VARIETY OF SERVICES TO ASSIST STUDENTS IN EVALUATING, CHOOSING AND PLANNING A CAREER. PROFESSIONAL STAFF AND CAREER COUNSELORS ARE AVAILABLE TO HELP STUDENTS SET THEIR CAREER GOALS, INVESTIGATE EMPLOYMENT OPPORTUNITIES AND INTERVIEW WITH COMPANIES FOR WHICH THEY WOULD LIKE TO WORK OR INTERN. THE SNYDER SANCTUARY PROVIDES THE LYNN COMMUNITY WITH A MULTI-FAITH SPACE FOR CONTEMPLATIVE THOUGHT AND SPIRITUAL EXPLORATION. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $20,542,152 | ExpenseAmt |
| Grant | $2,012,355 | GrantAmt |
| Revenue | $21,843,298 | RevenueAmt |
| Desc | THE UNIVERSITY MAINTAINS SEVEN RESIDENCE HALLS THAT PROVIDE FULL LIVING ACCOMMODATIONS FOR THE UNDERGRADUATE AND GRADUATE STUDENT POPULATION. EACH ROOM IS FURNISHED TO MEET STUDENTS' NEEDS, INCLUDING TV CABLE AND WIRELESS INTERNET SERVICE. MOST STUDENTS LIVING ON CAMPUS ARE REQUIRED TO BE ON THE UNIVERSITY MEAL PLAN. SODEXO IS THE FOOD SERVICE VENDOR, AND THE ON-CAMPUS DINING EXPERIENCE INCLUDES BREAKFAST, LUNCH AND DINNER SERVED DAILY WITH UNLIMITED DINING AT EACH MEAL. COMMUTER STUDENTS, FACULTY, STAFF AND VISITORS CAN PURCHASE BLOCK MEAL PLANS. THE LYNN UNIVERSITY CAMPUS STORE OFFERS SCHOOL-BRANDED CLOTHING, ACCESSORIES, AND VARIOUS OTHER SUPPLIES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CLASSICAL MUSIC IS PROVIDED TO THE UNIVERSITY COMMUNITY AS WELL AS THE GENERAL PUBLIC BY STUDENTS AND FACULTY BY THE LYNN UNIVERSITY CONSERVATORY OF MUSIC. ADDITIONALLY, STUDENTS IN THE DRAMA B.F.A. PROGRAM AND PROFESSIONAL ACTORS AND MUSICIANS PERFORM ON CAMPUS IN THE PERFORMING ARTS CENTER. MANY OPPORTUNITIES TO SHARE CULTURE AND IDEAS ARE OFFERED THROUGH LECTURE SERIES AND COMMUNITY DISCOURSE. DURING THE SUMMER MONTHS, A PORTION OF THE UNIVERSITY'S EDUCATIONAL FACILITIES ARE USED TO PROVIDE INSTRUCTION TO CHILDREN AGED 5-14 WHO ATTEND PINE TREE CAMPS SUMMER SESSIONS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $119,833,229 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 4154 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1450 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDRIA GRANDISON-ICON | PersonNm |
| Phone | 5612377181 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 NORTH MILITARY TRAIL | AddressLine1Txt |
| City | BOCA RATON | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33431 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| KEVIN M ROSS | |||||||||
| PRESIDENT | 40.00 | 0.00 | Yes (X) | Yes (X) | $983,899 | $0 | $106,238 | ||
| THOMAS ROONEY | |||||||||
| CFO & TREASURER | 40.00 | 0.00 | Yes (X) | $420,889 | $0 | $101,514 | |||
| GREGORY J MALFITANO | |||||||||
| SVP FOR DEVELOPMENT & ADMINISTRATION | 40.00 | 0.00 | $344,233 | $0 | $51,122 | Yes (X) | |||
| CHRISTIAN G BONIFORTI | |||||||||
| CHIEF INFORMATION OFFICER | 40.00 | 0.00 | $278,046 | $0 | $49,916 | Yes (X) | |||
| GARETH P FOWLES | |||||||||
| VP FOR ENROLLMENT MANAGEMENT | 40.00 | 0.00 | $302,590 | $0 | $21,339 | Yes (X) | |||
| KATRINA MARIE CARTER-TELLISON | |||||||||
| VP FOR ACADEMIC AFFAIRS | 40.00 | 0.00 | $255,190 | $0 | $47,884 | Yes (X) | |||
| MICHAEL ANTONELLO | |||||||||
| GENERAL COUNSEL & SECRETARY | 40.00 | 0.00 | Yes (X) | $224,944 | $0 | $68,171 | |||
| SHERRIE WELDON | |||||||||
| CHIEF MARKETING OFFICER | 40.00 | 0.00 | $251,288 | $0 | $65,714 | Yes (X) | |||
| MICHAEL P PETROSKI | |||||||||
| ACADEMIC DEAN | 40.00 | 0.00 | $249,653 | $0 | $24,262 | Yes (X) | |||
| KRISTELL LOWE | |||||||||
| VP OF CAMPUS OPERATIONS | 40.00 | 0.00 | $220,783 | $0 | $25,607 | Yes (X) | |||
| RALPH T GOOD | |||||||||
| DEAN COLLEGE OF BUSINESS | 40.00 | 0.00 | $209,335 | $0 | $23,281 | Yes (X) | |||
| MICHAEL C BOLDUC | |||||||||
| DIRECTOR OF FINANCE OPERATIONS | 40.00 | 0.00 | $188,226 | $0 | $44,270 | Yes (X) | |||
| ANTHONY R ALTIERI | |||||||||
| VP FOR STUDENT LIFE | 40.00 | 0.00 | $199,181 | $0 | $14,370 | Yes (X) | |||
| RALPH J NORCIO | |||||||||
| ASSOCIATE DEAN, BUSINESS SCHOOL | 40.00 | 0.00 | $185,470 | $0 | $27,091 | Yes (X) | |||
| KATHLEEN WEIGEL | |||||||||
| DEAN | 40.00 | 0.00 | $182,642 | $0 | $20,996 | Yes (X) | |||
| ROBERT G VILLA | |||||||||
| DEAN | 40.00 | 0.00 | $168,117 | $0 | $31,202 | Yes (X) | |||
| DEVIN CROSBY | |||||||||
| ATHLETICS DIRECTOR | 40.00 | 0.00 | $155,370 | $0 | $35,118 | Yes (X) | |||
| CHRISTINE E LYNN | |||||||||
| CHAIRPERSON | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEPHEN SNYDER | |||||||||
| VICE CHAIR | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JAMES MILBY | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFF PERLMAN | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM J REHRIG | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL A ROBINO | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN LANGAN | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAN CARLSSON | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| VICTORIA RIXON | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| R BRAD OSBORNE JR | |||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,819,856 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $758,095 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 77 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO INC | |||||
| 3601 N MILITARY TRAIL | BOCA RATON | FL | 33431 | FOOD SERVICES | $5,627,271 |
| EAB | |||||
| PO BOX 603519 | CHARLOTTE | NC | 28260 | IT MARKETING SERVICES | $3,568,699 |
| GERRITS CONSTRUCTION INC | |||||
| 8177 W GLADES RD 206 | BOCA RATON | FL | 33434 | CONSTRUCTION SERVICES | $2,541,027 |
| INCLINE ALCHEMY INC | |||||
| PO BOX 1058 160 ALAMO PLAZA | ALAMO | CA | 94507 | IT SERVICES | $2,215,209 |
| KAPLAN INC | |||||
| 900 NORTH POINT PKWY 250 | ALPHARETTA | GA | 30005 | PROFESSIONAL EDUCATION SVCS | $1,328,373 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 31 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $136,140 | FundraisingAmt |
| Government Grants | $830,000 | GovernmentGrantsAmt |
| All Other Contributions | $2,668,743 | AllOtherContributionsAmt |
| Noncash Contributions | $174,053 | NoncashContributionsAmt |
| Total Contributions | $3,634,883 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & RELATED FEES | 611710 | $119,518,111 | $119,518,111 |
| ROOM & BOARD | 611710 | $16,396,440 | $16,396,440 |
| CAMP FEES | 900099 | $2,520,993 | $2,520,993 |
| STUDENT ACTIVITY INC. | 611710 | $221,952 | $221,952 |
| CONFERENCE INCOME | 900099 | $101,919 | $101,919 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $138,759,415 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $637,407 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $70,708 | UnrelatedBusinessRevenueAmt |
| Exclusion | $566,699 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,924,186 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,924,186 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,924,186 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,924,186 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,758,418 | SecuritiesAmt |
| Other | $26,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $11,033,307 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$274,889 | SecuritiesAmt |
| Other | $26,000 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$248,889 | TotalRevenueColumnAmt |
| Exclusion | -$248,889 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $10,360 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $136,140 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $49,092 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$38,732 | TotalRevenueColumnAmt |
| Exclusion | -$38,732 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $321,361 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $194,395 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $126,966 | TotalRevenueColumnAmt |
| Exclusion | $126,966 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MISCELLANEOUS REVENUE | 900099 | $899,760 | $899,760 |
| CONTRACT REVENUE | 900099 | $310,000 | $310,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,209,760 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $146,004,996 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $141,893,361 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $70,708 | UnrelatedBusinessRevenueAmt |
| Exclusion | $406,044 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,162,532 | TotalAmt |
| Program Services | $44,162,532 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,667,762 | TotalAmt |
| Program Services | $2,197,529 | ProgramServicesAmt |
| Management And General | $3,128,325 | ManagementAndGeneralAmt |
| Fundraising | $341,908 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $388,584 | TotalAmt |
| Program Services | $166,026 | ProgramServicesAmt |
| Management And General | $222,558 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,728,046 | TotalAmt |
| Program Services | $30,383,936 | ProgramServicesAmt |
| Management And General | $7,284,914 | ManagementAndGeneralAmt |
| Fundraising | $2,059,196 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,769,432 | TotalAmt |
| Program Services | $1,378,704 | ProgramServicesAmt |
| Management And General | $322,596 | ManagementAndGeneralAmt |
| Fundraising | $68,132 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,147,245 | TotalAmt |
| Program Services | $4,105,832 | ProgramServicesAmt |
| Management And General | $1,832,504 | ManagementAndGeneralAmt |
| Fundraising | $208,909 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,100,315 | TotalAmt |
| Program Services | $2,563,973 | ProgramServicesAmt |
| Management And General | $397,509 | ManagementAndGeneralAmt |
| Fundraising | $138,833 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,675 | TotalAmt |
| Management And General | $247,675 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,245 | TotalAmt |
| Management And General | $156,245 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $743,203 | TotalAmt |
| Management And General | $743,203 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,463,732 | TotalAmt |
| Program Services | $297,495 | ProgramServicesAmt |
| Management And General | $672,586 | ManagementAndGeneralAmt |
| Fundraising | $493,651 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,959,435 | TotalAmt |
| Program Services | $575,412 | ProgramServicesAmt |
| Management And General | $14,960 | ManagementAndGeneralAmt |
| Fundraising | $1,369,063 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,748,718 | TotalAmt |
| Program Services | $2,850,651 | ProgramServicesAmt |
| Management And General | $676,528 | ManagementAndGeneralAmt |
| Fundraising | $221,539 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,604,847 | TotalAmt |
| Program Services | $1,060,670 | ProgramServicesAmt |
| Management And General | $1,544,177 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,728,062 | TotalAmt |
| Program Services | $7,681,852 | ProgramServicesAmt |
| Management And General | $946,072 | ManagementAndGeneralAmt |
| Fundraising | $100,138 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,047,995 | TotalAmt |
| Program Services | $1,948,513 | ProgramServicesAmt |
| Management And General | $68,873 | ManagementAndGeneralAmt |
| Fundraising | $30,609 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $525,091 | TotalAmt |
| Program Services | $453,464 | ProgramServicesAmt |
| Management And General | $69,518 | ManagementAndGeneralAmt |
| Fundraising | $2,109 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,596,151 | TotalAmt |
| Program Services | $1,465,465 | ProgramServicesAmt |
| Management And General | $130,686 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,932,720 | TotalAmt |
| Program Services | $4,652,447 | ProgramServicesAmt |
| Management And General | $2,257,581 | ManagementAndGeneralAmt |
| Fundraising | $22,692 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,443,619 | TotalAmt |
| Program Services | $3,291,048 | ProgramServicesAmt |
| Management And General | $146,085 | ManagementAndGeneralAmt |
| Fundraising | $6,486 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD EXPENSE | $4,736,313 | $4,736,313 | ||
| RECRUITMENT EXPENSES | $2,054,908 | $1,846,098 | $208,810 | |
| COMMISSIONS | $1,888,465 | $1,888,465 | ||
| SUBSCRIPTION & DUES | $1,036,023 | $435,707 | $484,742 | $115,574 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,431,238 | TotalAmt |
| Program Services | $1,691,097 | ProgramServicesAmt |
| Management And General | $714,571 | ManagementAndGeneralAmt |
| Fundraising | $25,570 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,308,356 | TotalAmt |
| Program Services | $119,833,229 | ProgramServicesAmt |
| Management And General | $22,270,718 | ManagementAndGeneralAmt |
| Fundraising | $5,204,409 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,423 | BOYAmt |
| EOY | $46,164 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,342,643 | BOYAmt |
| EOY | $18,573,398 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,804,649 | BOYAmt |
| EOY | $1,681,965 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,384,065 | BOYAmt |
| EOY | $4,209,853 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,308,661 | BOYAmt |
| EOY | $2,490,397 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,291 | BOYAmt |
| EOY | $115,500 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $682,757 | BOYAmt |
| EOY | $4,571,400 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $271,708,337 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $144,310,153 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $126,410,054 | BOYAmt |
| EOY | $127,398,184 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,464,146 | BOYAmt |
| EOY | $4,953,213 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,987,284 | BOYAmt |
| EOY | $37,840,050 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $596,536 | BOYAmt |
| EOY | $511,316 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,887,726 | BOYAmt |
| EOY | $2,682,024 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $202,054,235 | BOYAmt |
| EOY | $205,073,464 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,812,763 | BOYAmt |
| EOY | $12,192,405 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,392,719 | BOYAmt |
| EOY | $13,950,758 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,377,105 | BOYAmt |
| EOY | $47,770,500 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,566,014 | BOYAmt |
| EOY | $1,993,473 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,148,601 | BOYAmt |
| EOY | $75,907,136 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,349,995 | BOYAmt |
| EOY | $87,915,011 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,555,639 | BOYAmt |
| EOY | $41,251,317 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $126,905,634 | BOYAmt |
| EOY | $129,166,328 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $202,054,235 | BOYAmt |
| EOY | $205,073,464 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,303,360 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $3,196,718 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $367,336 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,652,781 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,262,425 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,886,420 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,215,410 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,634,883 | CurrentTaxYearAmt |
| Total | $41,651,919 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,652,781 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,262,425 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,886,420 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,215,410 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,634,883 | CurrentTaxYearAmt |
| Total | $41,651,919 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $13,520,036 | SubstantialContributorsTotAmt |
| Public Support Total170 | $28,131,883 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $625,289 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $761,501 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,151 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $32,010 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $637,407 | CurrentTaxYearAmt |
| Total | $2,093,358 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $168,433 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $61,440 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $111,012 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $70,708 | CurrentTaxYearAmt |
| Total | $411,593 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $61,074 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus1 Year | $367,734 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $331,721 | CurrentTaxYearAmt |
| Total | $760,529 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $44,917,399 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $614,162,305 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.62630 | PublicSupportCY170Pct |
| Public Support PY170 | 0.64820 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Facts And Circumstances Test | TO QUALIFY FOR LIMITED DONOR DISCLOSURE UNDER THE SPECIAL RULE ON SCHEDULE B, THE PUBLIC SUPPORT TEST HAS BEEN COMPLETED TO DEMONSTRATE THE UNIVERSITY MEETS THE QUANTITATIVE SUPPORT TEST UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE, WHICH REQUIRES AN ORGANIZATION TO RECEIVE A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT OR FROM THE GENERAL PUBLIC. | FactsAndCircumstancesTestTxt |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | FUNDRAISING - 2018 AMOUNT: $ 56,014. 2021 AMOUNT: $ 6,650. 2022 AMOUNT: $ 10,360. GAMING - 2018 AMOUNT: $ 5,060. INVENTORY - 2021 AMOUNT: $ 361,084. 2022 AMOUNT: $ 321,361. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $970 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $970 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | LYNN UNIVERSITY IS A MEMBER OF NAICU AND NACUBO, BOTH ORGANIZATIONS USED A SMALL PERCENTAGE OF MEMBER DUES FOR LOBBYING. OF THE $16,890 PAID IN MEMBER DUES, $970 WAS RELATED TO LOBBYING. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $499,884 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $35,987,284 | BeginningYearBalanceAmt |
| Contributions | $403,906 | ContributionsAmt |
| Investment Earnings Or Losses | $4,005,266 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,410,779 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,145,627 | OtherExpendituresAmt |
| End Year Balance | $37,840,050 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,790,567 | BeginningYearBalanceAmt |
| Contributions | $542,079 | ContributionsAmt |
| Investment Earnings Or Losses | -$934,061 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,312,689 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,098,612 | OtherExpendituresAmt |
| End Year Balance | $35,987,284 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,904,708 | BeginningYearBalanceAmt |
| Contributions | $599,554 | ContributionsAmt |
| Investment Earnings Or Losses | $9,469,243 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,178,392 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,004,546 | OtherExpendituresAmt |
| End Year Balance | $38,790,567 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $27,608,363 | BeginningYearBalanceAmt |
| Contributions | $1,112,039 | ContributionsAmt |
| Investment Earnings Or Losses | $3,552,224 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $730,664 | GrantsOrScholarshipsAmt |
| Other Expenditures | $637,254 | OtherExpendituresAmt |
| End Year Balance | $30,904,708 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,639,336 | BeginningYearBalanceAmt |
| Contributions | $969,027 | ContributionsAmt |
| Investment Earnings Or Losses | $348,743 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $187,077 | GrantsOrScholarshipsAmt |
| Other Expenditures | $161,666 | OtherExpendituresAmt |
| End Year Balance | $27,608,363 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.22750 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.71860 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.05390 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $110,000 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $1,145,045 | OtherCostOrOtherBasisAmt |
| Book Value | $1,255,045 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $192,167,534 | OtherCostOrOtherBasisAmt |
| Depreciation | $81,190,986 | DepreciationAmt |
| Book Value | $110,976,548 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $58,909,600 | OtherCostOrOtherBasisAmt |
| Depreciation | $52,339,809 | DepreciationAmt |
| Book Value | $6,569,791 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,376,158 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,779,358 | DepreciationAmt |
| Book Value | $8,596,800 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $127,398,184 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALTERNATIVE INVESTMENTS | Desc |
| Book Value | $37,840,050 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $37,840,050 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL LEASES | Desc |
| Amt | $1,993,473 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,993,473 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $104,906,801 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $3,196,718 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $367,335 | OtherRevenueAmt |
| Revenue Not Reported | $3,564,053 | RevenueNotReportedAmt |
| Revenue Subtotal | $101,342,748 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $743,203 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $43,919,045 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $44,662,248 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $146,004,996 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $102,646,108 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $243,487 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $243,487 | ExpensesNotReportedAmt |
| Expenses Subtotal | $102,402,621 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $743,203 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $44,162,532 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $44,905,735 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $147,308,356 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | COLLECTIONS OF ART DESCRIPTION OF COLLECTIONS: THE UNIVERSITY HAS A COLLECTION OF NFT ART ON DISPLAY IN THE EUGENE M. AND CHRISTINE E. LYNN COLLEGE OF COMMUNICATION AND DESIGN. NFTS, OR NON-FUNGIBLE TOKENS, REFER TO TOKENIZING DIGITAL ART THROUGH CRYPTO PLATFORMS, WHICH IS A PROCESS THAT ALLOWS ARTISTS TO AUTHENTICATE THEIR ORIGINAL DIGITAL WORKS. LYNN'S COLLECTION SHOWCASES CREATIVE DIGITAL ARTWORK FROM STUDENTS, FACULTY, STAFF AND GUEST ARTISTS. |
| PART V, LINE 4: | INTENDED USES OF ENDOWMENT: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 81 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS CLASSIFIED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. |
| PART X, LINE 2: | THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXATION AS DEFINED BY SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM STATE INCOME TAXES UNDER THE PROVISIONS OF THE FLORIDA NONPROFIT CORPORATION ACT. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS AND IN ADDITION, UNRELATED BUSINESS INCOME TAX FOR THE UNIVERSITY, IF ANY, IS IMMATERIAL AND WILL NOT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FASB ASC 470, INCOME TAXES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL DERIVATIVE 919,444. DEBT EXTINGUSIHMENT -552,109. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | STUDENT AID EXPENSE 44,162,532. COST OF GOODS SOLD -194,395. FUNDRAISING DIRECT EXPENSES -49,092. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 194,395. FUNDRAISING DIRECT EXPENSES 49,092. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT AID EXPENSE 44,162,532. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | LYNN UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, GENDER, RELIGION, SEXUAL ORIENTATION, NATIONAL ORIGIN, DISABILITY, GENETIC INFORMATION, AGE, PREGNANCY OR PARENTING STATUS, VETERAN STATUS OR RETIREMENT STATUS IN ITS ACTIVITIES AND PROGRAMS. IN ACCORDANCE WITH TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, LYNN UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF SEX. THE UNIVERSITY'S NON-DISCRIMINATION AND ANTI-HARASSMENT POLICY CAN BE FOUND ON THE UNIVERSITY'S WEBSITE AT: HTTPS://WWW.LYNN.EDU/UNIVERSITY-POLICIES/VOLUME-I-GOVERNANCE-AND-ADMINISTRA TION/NON-DISCRIMINATION-AND-ANTI-HARASSMENT-POLICY INQUIRIES CONCERNING THE APPLICATION OF THE NON-DISCRIMINATION POLICY MAY BE DIRECTED TO THE UNIVERSITY COMPLIANCE OFFICER/TITLE IX COORDINATOR. |
| SCHEDULE E, PART I, LINE 6 | DEPARTMENT OF EDUCATION: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK-STUDY, FEDERAL PERKINS LOAN, FEDERAL PELL GRANT, FEDERAL DIRECT STUDENT LOANS, AND ACADEMIC COMPETITIVENESS GRANT. FLORIDA DEPARTMENT OF EDUCATION: FLORIDA MINORITY TEACHER'S FUND, FLORIDA RESIDENT ACCESS GRANT, FLORIDA WORK EXPERIENCE PROGRAM, FLORIDA PRIVATE STUDENT ASSISTANCE GRANT AND FLORIDA BRIGHT FUTURES SCHOLARSHIP PROJECT. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GINGERBREAD CONCERT | Event1Nm |
| Gross Receipts Event1 | $89,155 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $78,795 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $10,360 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $6,379 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $4,468 | OtherDirectExpensesEvent1Amt |
| Event2 | COUNTRY CLUB OF FLORIDA OUTREACH | Event2Nm |
| Gross Receipts Event2 | $34,850 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $34,850 | CharitableContriEvent2Amt |
| Entertainment Event2 | $1,600 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $150 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $22,495 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $22,495 | CharitableContriOtherEventsAmt |
| Food And Beverage Other Events | $9,704 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $11,830 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $14,961 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $146,500 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $136,140 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $10,360 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $16,083 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $13,430 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $19,579 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $49,092 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$38,732 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| ATHLETIC SCHOLARSHIP AWARDS | 278 | $4,938,495 |
| ACADEMIC SCHOLARSHIP AWARDS | 2512 | $36,031,974 |
| NEED BASED SCHOLARSHIP AWARDS | 490 | $3,192,063 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PROCEDURES FOR MONITORING USE OF GRANT FUNDS: THE UNIVERSITY AWARDS GRANTS AND LOANS BASED ON A SCHOLARSHIP PROGRAM AND THE FEDERAL GOVERNMENT REQUIREMENTS FOR ALL PROGRAMS. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) MUST BE FILLED OUT AND ELIGIBILITY IS DETERMINED BASED ON THE INFORMATION PROVIDED. THE GRANT AWARDED IS CREDITED TO THEIR TUITION ACCOUNT AT LYNN UNIVERSITY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KEVIN M ROSS | ||||||||||||||
| PRESIDENT | $568,191 | $0 | $75,062 | $0 | $340,646 | $0 | $18,300 | $0 | $87,938 | $0 | $1,090,137 | $0 | $100,000 | $0 |
| THOMAS ROONEY | ||||||||||||||
| CFO & TREASURER | $274,923 | $0 | $0 | $0 | $145,966 | $0 | $17,123 | $0 | $84,391 | $0 | $522,403 | $0 | $0 | $0 |
| GREGORY J MALFITANO | ||||||||||||||
| SVP FOR DEVELOPMENT & ADMINISTRATION | $292,024 | $0 | $0 | $0 | $52,209 | $0 | $18,173 | $0 | $32,949 | $0 | $395,355 | $0 | $0 | $0 |
| CHRISTIAN G BONIFORTI | ||||||||||||||
| CHIEF INFORMATION OFFICER | $278,046 | $0 | $0 | $0 | $0 | $0 | $17,135 | $0 | $32,781 | $0 | $327,962 | $0 | $0 | $0 |
| GARETH P FOWLES | ||||||||||||||
| VP FOR ENROLLMENT MANAGEMENT | $302,590 | $0 | $0 | $0 | $0 | $0 | $18,150 | $0 | $3,189 | $0 | $323,929 | $0 | $0 | $0 |
| KATRINA MARIE CARTER-TELLISON | ||||||||||||||
| VP FOR ACADEMIC AFFAIRS | $255,190 | $0 | $0 | $0 | $0 | $0 | $15,888 | $0 | $31,996 | $0 | $303,074 | $0 | $0 | $0 |
| MICHAEL ANTONELLO | ||||||||||||||
| GENERAL COUNSEL & SECRETARY | $224,944 | $0 | $0 | $0 | $0 | $0 | $13,550 | $0 | $54,621 | $0 | $293,115 | $0 | $0 | $0 |
| SHERRIE WELDON | ||||||||||||||
| CHIEF MARKETING OFFICER | $251,288 | $0 | $0 | $0 | $0 | $0 | $41,847 | $0 | $23,867 | $0 | $317,002 | $0 | $0 | $0 |
| MICHAEL P PETROSKI | ||||||||||||||
| ACADEMIC DEAN | $249,577 | $0 | $0 | $0 | $76 | $0 | $12,437 | $0 | $11,825 | $0 | $273,915 | $0 | $0 | $0 |
| KRISTELL LOWE | ||||||||||||||
| VP OF CAMPUS OPERATIONS | $217,033 | $0 | $0 | $0 | $3,750 | $0 | $0 | $0 | $25,607 | $0 | $246,390 | $0 | $0 | $0 |
| RALPH T GOOD | ||||||||||||||
| DEAN COLLEGE OF BUSINESS | $209,269 | $0 | $0 | $0 | $66 | $0 | $12,553 | $0 | $10,728 | $0 | $232,616 | $0 | $0 | $0 |
| MICHAEL C BOLDUC | ||||||||||||||
| DIRECTOR OF FINANCE OPERATIONS | $165,661 | $0 | $0 | $0 | $22,565 | $0 | $10,612 | $0 | $33,658 | $0 | $232,496 | $0 | $0 | $0 |
| ANTHONY R ALTIERI | ||||||||||||||
| VP FOR STUDENT LIFE | $199,181 | $0 | $0 | $0 | $0 | $0 | $11,989 | $0 | $2,381 | $0 | $213,551 | $0 | $0 | $0 |
| RALPH J NORCIO | ||||||||||||||
| ASSOCIATE DEAN, BUSINESS SCHOOL | $185,391 | $0 | $0 | $0 | $79 | $0 | $6,577 | $0 | $20,514 | $0 | $212,561 | $0 | $0 | $0 |
| KATHLEEN WEIGEL | ||||||||||||||
| DEAN | $182,567 | $0 | $0 | $0 | $75 | $0 | $8,536 | $0 | $12,460 | $0 | $203,638 | $0 | $0 | $0 |
| ROBERT G VILLA | ||||||||||||||
| DEAN | $168,050 | $0 | $0 | $0 | $67 | $0 | $9,693 | $0 | $21,509 | $0 | $199,319 | $0 | $0 | $0 |
| DEVIN CROSBY | ||||||||||||||
| ATHLETICS DIRECTOR | $155,305 | $0 | $0 | $0 | $65 | $0 | $8,091 | $0 | $27,027 | $0 | $190,488 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | TAX INDEMNIFICATION AND GROSS-UP PAYMENTS CERTAIN INDIVIDUALS ARE REIMBURSED FOR TRAVEL EXPENSES AS PART OF THEIR EMPLOYMENT CONTRACT. THE AMOUNTS ARE GROSSED UP FOR TAX PAYMENT AND REPORTING PURPOSES. GROSS UPS ARE APPROVED BY THE BOARD OF TRUSTEES OR HUMAN RESOURCES. DISCRETIONARY SPENDING ACCOUNT KEVIN ROSS HAS A DISCRETIONARY SPENDING ACCOUNT WHICH IS PART OF HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN HIS TAXABLE COMPENSATION. HOUSING ALLOWANCE: THE PRESIDENT OF LYNN UNIVERSITY IS REQUIRED TO OCCUPY UNIVERSITY OWNED HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE BENEFIT IS EXCLUDED FROM TAXABLE COMPENSATION PURSUANT TO IRC SECTION 119 BUT IS INCLUDED AS NONTAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE UNIVERSITY PAYS FOR COUNTRY CLUB MEMBERSHIPS FOR THE PURPOSE OF FUNDRAISING AND DEVELOPMENT FOR GREG MALFITANO, SENIOR MAJOR GIFT OFFICER. IT WAS DETERMINED THAT 100% OF SUCH FEES PAID DURING THE YEAR WERE RELATED TO BUSINESS USE. THE ENTIRE AMOUNT OF THESE FEES WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL. |
| PART I, LINE 4B | SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING THE CALENDAR YEAR, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CERTAIN LISTED INDIVIDUALS HAD CONTRIBUTIONS VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTIONS ARE REPORTED AS TAXABLE COMPENSATION AND REPORTED ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION. AMOUNT ACCRUED IN PRIOR YEAR UNDER THE PLAN AND PAID IN THE CURRENT YEAR ARE INCLUDED IN SCHEDULE J, PART II, COLUMN F. IN 2022 THE PRESIDENT AND THE UNIVERSITY ENTERED INTO A NEW DEFERRED COMPENSATION ARRANGEMENT. NO AMOUNTS WERE ACCRUED OR PAID UNDER THIS AGREEMENT IN 2022. |
| PART I, LINE 7 | MOST BONUSES ARE FIXED PAYMENTS BASED ON CONTRACTS ESTABLISHED BETWEEN THE BOARD OF TRUSTEES AND THE EMPLOYEE. HOWEVER THERE ARE SOME DISCRETIONARY BONUS PAYMENTS AWARDED FOR EXTRAORDINARY ACHIEVEMENTS. DISCRETIONARY PAYMENTS ARE APPROVED AT A CABINET LEVEL. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 521562288 | BondIssuerEIN |
| Bond Issued | 2023-02-28 | BondIssuedDt |
| Issue Price | $48,095,000 | IssuePriceAmt |
| Purpose | SEE SUPPLEMENTAL INFO | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $48,095,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $425,049 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $47,669,951 | OtherSpentProceedsAmt |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART I, A(F) | FormAndLineReferenceDesc |
| Explanation | REFINANCE 2013, 2016, 2017 BOND ISSUES AND TAX-FREE LOAN | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| DONALD ROSS | |||
| SEE PART V | $215,060 | EMPLOYMENT | 0 |
| STEPHANIE JACKSON | |||
| SEE PART V | $112,554 | EMPLOYMENT | 0 |
| GISELLE GERBER | |||
| SEE PART V | $52,235 | EMPLOYMENT | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART IV: | FormAndLineReferenceDesc |
| Explanation | RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DONALD ROSS - FATHER OF KEVIN ROSS, PRESIDENTSTEPHANIE JACKSON - WIFE OF ANTHONY ALTIERI, VP FOR STUDENT AFFAIRSGISELLE GERBER - SIBLING OF CHRISTIAN BONIFORTI, CHIEF STRATEGY AND TECHNOLOGY OFFICER | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 7605 | ContributionCnt |
| Noncash Contributions Rpt F990 | $145,114 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT | 2 | $21,000 | EXPERT OPINION |
| Yes (X) | MISC - BOOKS | 641 | $7,939 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS: OTHER - EQUIPMENT - NUMBER OF ITEMS RECEIVED SECURITIES - PUBLICLY TRADED - NUMBER OF CONTRIBUTIONS OTHER - MISC - BOOKS - NUMBER OF ITEMS RECEIVED | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | DELEGATE BROAD AUTHORITY TO A COMMITTEE: THE EXECUTIVE COMMITTEE SHALL HAVE A MINIMUM OF THREE MEMBERS, ALL OF WHOM SHALL BE MEMBERS OF THE BOARD. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE CORPORATION EXCEPT THAT, UNLESS SPECIFICALLY EMPOWERED BY THE BOARD TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, AWARD DEGREES, ALTER THESE BY-LAWS, LOCATE PERMANENT BUILDINGS ON TAX-EXEMPT PROPERTY HELD FOR THE CORPORATION'S PURPOSES, REMOVE OR APPOINT THE PRESIDENT OF THE CORPORATION, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 2 | FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS CHRISTINE LYNN AND JAN CARLSSON - FAMILY RELATIONSHIP |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW PROCESS A DRAFT OF FORM 990 IS REVIEWED BY AN INDEPENDENT AUDIT FIRM USING AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION PROVIDED BY UNIVERSITY MANAGEMENT. THE DRAFT IS THEN REVIEWED BY THE CFO AND CONTROLLER WITH REVISIONS INCORPORATED INTO A REVISED DRAFT. THE UPDATED DRAFT IS PRESENTED TO THE AUDIT COMMITTEE, THEN POSTED TO THE BOARD PORTAL PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR, ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A DISCLOSURE LETTER DETAILING ANY RELATIONSHIPS OR BUSINESS TRANSACTIONS WHERE A POTENTIAL CONFLICT MIGHT EXIST. THESE DISCLOSURES ARE REVIEWED BY THE CFO. IN THE EVENT OF A CONFLICT OF INTEREST, OR THE APPEARANCE OF ANY SUCH CONFLICT, IT IS INCUMBENT UPON THE RELEVANT BOARD MEMBER(S) OR DIRECTOR(S) TO NOTIFY THE BOARD OF THE CONFLICT AND RECUSE THEMSELVES FROM PARTICIPATION IN THE DISCUSSION AND VOTE REGARDING ANY RELATED ISSUES OR TRANSACTIONS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION REVIEW PROCESS: THE LYNN UNIVERSITY BOARD OF TRUSTEES ENGAGED COMPENSATION AND BENEFITS EXPERTS TO DEVELOP A REASONABLE EXECUTIVE COMPENSATION STRATEGY TO ENCOURAGE RETENTION AND INCENTIVIZE THE ACHIEVEMENT OF KEY MILESTONES IN THE UNIVERSITY'S STRATEGIC PLAN. THE EXECUTIVE COMPENSATION STRATEGY INCLUDES A COMPREHENSIVE REVIEW OF THE ENTIRE COMPENSATION PACKAGE, WHICH INCLUDES BASE SALARY, INCENTIVE AND DEFERRED COMPENSATION, RETIREMENT PLANS, AND OTHER BENEFITS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS GOALS AND DETERMINES THE PRESIDENT'S COMPENSATION. THE EXECUTIVE COMMITTEE THEN COMMUNICATES THE PERCENTAGE OF THE PRESIDENT'S RAISE TO UNIVERSITY STAFF. THIS PROCESS IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES. PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES: THE PRESIDENT CONDUCTS ANNUAL PERFORMANCE REVIEWS OF ALL OFFICERS, BASED ON PREDETERMINED GOALS. HE THEN MAKES RECOMMENDATIONS REGARDING COMPENSATION TO THE CHAIR OF THE BOARD FOR APPROVAL. THE UNIVERSITY RECEIVES ONGOING GUIDANCE REGARDING ANNUAL INCREASES TO ENSURE THAT THESE ANNUAL INCREASES ARE COMPARABLE AND REASONABLE BASED ON MARKET CONDITIONS, THROUGH THE USE OF CUPA-HR DATA, AS NEW POSITIONS ARE CREATED, OR AS MARKET CONDITIONS WARRANT. THE UNIVERSITY PROVIDES BENEFITS ACCORDING TO WRITTEN STANDARD POLICIES. IF ANY BENEFIT IS PROVIDED OUTSIDE OF THESE POLICIES, BOARD APPROVAL IS REQUIRED. THIS PROCESS IS DOCUMENTED IN EACH EMPLOYEE'S FILE. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THEREFORE, THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. THE CONFLICT OF INTEREST POLICY IS PROVIDED UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | GAIN ON FINANCIAL DERIVATIVES 367,336. |