2023-05-10T16:04:49-07:00 2022-06-30 990 2021-07-01 590624416 STETSON UNIVERSITY INC STET 3868227015 421 N Woodland Blvd DeLand FL 327238417 Frank Robert Huth Jr Executive Vice President and CFO 3868227015 2023-05-12 1 11 0 AAL2 2021 2023-04-26 12:10:37Z Frank Robert Huth Jr 421 N Woodland Blvd Unit 8278 DeLand FL 32723 442275477 0 X www.stetson.edu X 1883 FL Our mission at Stetson University is to provide an excellent education in a creative community where learning and values meet, and to foster in students the qualities of mind and heart that will prepare them to reach their full potential as informed citizens of local communities and the world. 36 35 2512 43 107372 289882 19901566 60103639 216390139 213253468 50766194 16356257 1436192 1916038 288494091 291629402 110035976 107004576 0 0 82270022 84676149 0 0 3634077 54279476 59141302 246585474 250822027 41908617 40807375 684046890 652792817 190329326 177673009 493717564 475119808 Stetson Mission: Our mission at Stetson University is to provide an excellent education in a creative community where learning and values meet, and to foster in students the qualities of mind and heart that will prepare them to reach their full potential as informed citizens of local communities and the world. 0 0 208252932 107004576 189466953 Educational: The University provides high quality educational services to students on three different campuses, serving over 2,800 undergraduate students and approximately 1,300 graduate and post-baccalaureate students. The University is committed to its strong liberal arts heritage, offering over 75 major and minor programs in various fields of study. The University offers numerous graduate degree programs, along with Juris Doctor, Master of Laws, and Master of Jurisprudence degrees. The undergraduate student to faculty ratio is 11.7:1; The DeLand campus has 225 full-time faculty members, 95 percent of who hold a Ph.D. or equivalent degrees. The College of Law campus has 41 full-time professors and is supplemented by over 60 experienced practitioners in specialized areas. Grants and scholarships were provided to students based on talent, academic, and athletic achievement and financial need. 22990075 23786515 Auxiliary enterprises: The University auxiliary enterprises are for the convenience and benefit of its students, faculty, and staff. These services include a wide variety of student housing options, including dormitories and apartment-style accommodations. In addition, the University offers full array of dining services, student convenience store, and campus bookstore. 0 0 0 231243007 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 1 6164 0 1 2512 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 1 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 FL X Frank Robert Huth Jr 3868227015 421 N Woodland Blvd DeLand FL 327238417 Frank R Huth EVP and CFO 60 0 X 335768 0 212039 Christopher F Roellke President/Trustee 70 0 X X 470193 0 64923 Noel Painter EVP and Provost 60 0 X 291348 0 83171 Michele Alexandre Dean of Law School 60 0 X 283334 0 68818 Rebecca Morgan Professor of Law 40 0 X 269885 0 39219 Darryl Wilson Professor of Law and Associate Dean 40 0 X 265059 0 39966 Peter Lake Professor of Law 40 0 X 246983 0 36766 Wendy B Libby Former President/Trustee 40.00 0 X 249617 0 20789 Ellen Podgor Professor of Law 40 0 X 231241 0 36790 Roy Gardner Professor of Law 40 0 X 234990 0 29435 Kristen Adams Former Interim Dean of Law School 60 0 X 221274 0 36009 Lua Hancock Former VP for Campus Life and Student Success 60 0 X 222602 0 23643 Jeffrey Altier Athletic Director 60 0 X 196904 0 45445 Bruce Chong VP for University Marketing and Communication 60 0 X 176716 0 58123 Amy K Gipson Interim VP for Development and Alumni Engagement 60 0 X 142616 0 40264 Larry Correll-Hughes Co-Interim VP and Assistant VP of CLaSS 60 0 X 89179 0 34005 Lynn Schoenberg Co-Interim VP for CLaSS and Dean of Students 60 0 X 103825 0 9189 Raymond Nault VP Enrollment Management 60 0 X 97074 0 9425 Krista Bofill VP for University Relations 60 0 X 94818 0 6896 Steven Alexander Trustee 0 0 X 0 0 0 Maureen Breakiron-Evans Trustee 0 0 X 0 0 0 Susan P Brockway Trustee 0 0 X 0 0 0 Cynthia R Brown Trustee 0 0 X 0 0 0 J Hyatt Brown Trustee 0 0 X 0 0 0 Yvonne Chang Trustee 0 0 X 0 0 0 Katherine Cobb Trustee 0 0 X 0 0 0 Gregory Coleman Trustee 0 0 X 0 0 0 Joe R Cooper Trustee 0 0 X 0 0 0 Bruce Dahlgren Trustee 0 0 X 0 0 0 Michael T Davis Trustee 0 0 X 0 0 0 Wilfried Florin Trustee 0 0 X 0 0 0 Richard C George Trustee 0 0 X 0 0 0 R Dean Hollis Trustee 0 0 X 0 0 0 Thomas M Horton Trustee 0 0 X 0 0 0 Lila A Jaber Trustee 0 0 X 0 0 0 Tony Jenkins Trustee 0 0 X 0 0 0 Jill K Jinks Trustee 0 0 X 0 0 0 Betty D Johnson Trustee 0 0 X 0 0 0 Laurel Kent Trustee 0 0 X 0 0 0 Gerald Kruhm Trustee 0 0 X 0 0 0 Brenda H Lopez Trustee 0 0 X 0 0 0 Christine E Lynn Trustee 0 0 X 0 0 0 Joshua Magidson Trustee 0 0 X 0 0 0 Scott Marcello Trustee 0 0 X 0 0 0 Simone Marstiller Trustee 0 0 X 0 0 0 Ranell T Mason Trustee 0 0 X 0 0 0 Daniel McCarthy Trustee 0 0 X 0 0 0 Thomas Patton Trustee 0 0 X 0 0 0 Luis Prats Trustee 0 0 X 0 0 0 David B Rinker Trustee 0 0 X 0 0 0 William Voges Trustee 0 0 X 0 0 0 John Walda Trustee 0 0 X 0 0 0 Charles A Wolfe Trustee 0 0 X 0 0 0 Kenneth Ziesenheim Trustee 0 0 X 0 0 0 4223426 0 894915 121 1 1 0 Williams Company Building Division 291 Southhall Lane Maitland FL 32751 Construction 7588858 Chartwells PO Box 91337 Chicago IL 606931337 Food Services 3966441 COVID Rapid Labs LLC 15188 Park of Commerce Blvd Unit 1 Jupiter FL 33478 Testing/Medical Services 755380 Lord Aeck Sargent Planning & Design Inc 1175 Peachtree Street NE Suite 2400 Atlanta GA 30361 Construction 637638 Harvard Jolly Inc 2714 Dr MLK Jr Street North Saint Petersburg FL 33704 Construction 477859 45 0 0 0 0 11867474 48236165 22952534 60103639 Tuition and Fees 611310 186936776 186936776 0 0 Residential Room Charges 721310 15407071 15407071 0 0 Dining Services 722310 8036587 8036587 0 0 Sales of Educational Services 611699 1542644 1542644 0 0 Athletics 711211 734145 734145 0 0 596245 596245 0 0 213253468 13030731 0 -39375 13070106 0 0 0 0 6145 0 0 6145 1112077 0 842771 0 269306 0 269306 0 146747 122559 153089145 8968 149772587 0 3316558 8968 3325526 3325526 0 0 44401 0 30717 13684 0 13684 0 0 0 0 0 0 0 0 0 0 0 0 Contractor's investment to capital 900099 489497 489497 0 0 Sponsorship 900099 473667 473667 0 0 Traffic 900099 245170 245170 0 0 418569 418569 0 0 1626903 291629402 218205897 107372 13212494 0 0 107004576 107004576 0 0 0 0 3637957 1119980 1759314 758663 0 0 0 0 60575534 55147904 3981154 1446476 5018066 4397144 448598 172324 11101041 9727428 992395 381218 4343551 3806091 388299 149161 5033 0 5033 0 212995 28224 184771 0 201313 0 201313 0 494 0 0 494 0 0 2066138 0 2066138 0 4761807 4080394 625548 55865 874189 391698 436261 46230 4022861 2954944 909747 158170 3358062 2835600 501584 20878 2280 2280 0 0 9648739 9135382 451232 62125 3651455 3567555 41053 42847 0 0 0 0 380935 319976 37908 23051 5456178 5290667 124647 40864 0 0 0 0 10991164 10333136 579675 78353 2422296 824144 1597685 467 Dining Services/Catering 5723697 5602340 66973 54384 Athletics 1452507 1409240 0 43267 Subscriptions 1067136 992729 20070 54337 Memberships & dues 475965 285152 185298 5515 2366058 1986423 340247 39388 250822027 231243007 15944943 3634077 114665 114665 66215157 58955075 16542706 19732401 2854130 7568839 2611042 2150319 270352 241118 2948171 3359194 384774818 182870724 193532055 201904094 378375166 341110502 0 0 0 0 0 0 20583446 17656610 684046890 652792817 17123387 15689501 14861461 8305564 86007006 84107186 0 0 0 0 137500 137500 52513596 52526257 19686376 16907001 190329326 177673009 X 190412406 182621391 303305158 292498417 493717564 475119808 684046890 652792817 X 40807375 -58351380 0 0 0 -1053751 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 494 0 0 494 0 Schedule C, Part II-B, Line 1 The University's lobbying activities consist of travel to Tallahassee, the state capital of Florida, to maintain contact with State Legislative representatives. 0 3244850 0 0 X X X 0 392290501 23206061 -40084937 7206630 10359637 2057380 355787978 308450010 6409379 95554523 6299005 10307948 1516458 392290501 261956833 45897814 14141093 4868779 7769215 907736 308450010 247927003 8832296 17482790 4566514 6871066 847676 261956833 235954666 2275154 21083492 4365713 6174229 846367 247927003 0.32 0.68 0 1 0 906000 8815510 9721510 0 307803113 129145357 178657756 0 0 0 0 0 39088470 30637984 8450486 0 28161725 23087383 5074342 201904094 Annuities Payable 1627749 Deposits/Held for Others 429492 Operating Leases Payable 1997705 Post Retirement Benefits 3942392 Refundable Gov't Loan Funds 3089926 Unamortized Premiums 5819737 16907001 124289739 -58351380 0 0 -107804680 -166156060 290445799 2066138 -882535 1183603 291629402 142633848 0 0 0 882535 882535 141751313 2066138 107004576 109070714 250822027 Schedule D, Part III, Line 4 The majority of the University art collection includes a significant body of work from the renowned German painter, Oscar Bluemner. This portion of the collection was valued at $2,621,000 at the time it was gifted to the University in 2000. Additional works from various artists, including several paintings and sculpture, have been gifted to the University's collections over the years. These works, along with the art contributed by Stetson students, are currently housed in the Hand Art Center, where both the Stetson community and the public may study and enjoy them. The Gillespie Museum of Minerals is Stetson University's earth science collection museum. The museum's collection of 20,000 mineral, rock, and fossil specimens is valued at $402,431. The museum has developed over the past fifty years into a center for environmental education. Exhibits and Displays include geology, native Florida ecosystems and plant landscapes, minerals and mining, and fluorescent rocks. Schedule D, Part V, Line 4 The University endowment funds are used primarily for the benefit of students, faculty support, program support and facilities. The majority of endowment funds go to support student scholarships, including awards for merit, athletic participation and financial need. Endowment funds support several faculty chair positions, as well as general faculty salaries and benefits. Several university programs, such as the Roland George investment program and the Hollis renaissance program are fully supported by endowments. Additionally, the endowment provides facilities maintenance and support for existing institutional buildings and dormitories. Schedule D, Part XI, Line 2d Scholarships <$107,004,576>, Write-off of Uncollectible Pledges <416,053>, Actuarial Adjustment <$383,114>, Interfund transfer <$937>. Schedule D, Part XI, Line 4b Rental <$842,771>, Fundraising expenses <$30,717>, UBI investment expense <$9,047>. Schedule D, Part XII, Line 2d Rental $842,771, Fundraising expenses $30,717, UBI investment expense $9,047. Schedule D, Part XII, Line 4b Scholarships $107,004,576. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University bulletin is made available to all prospective students via the University's website. Schedule E, Part I, Line 6 Stetson University participates in numerous federal and state programs listed in Stetson's single audit report under OMB Circular A-133 and the Single Audit Act of the state of Florida. Federal Programs are as follows: US Department of Education, US Department of Justice, US Environmental Protection Agency, National Science Foundation, US Department of Commerce, US Department of Health and Human Services, US Department of Homeland Security, and US Department of the Interior. State Programs are as follows: Florida Department of Education, Department of Highway Safety and Motor Vehicles, Department of State, and Department of Environmental Protection. Central America and the Caribbean 0 0 Program Services Study Abroad - Cuba 12827 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - France 8754 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Innsbruck 93590 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Italy 65828 Europe (including Iceland and Greenland) 0 1 Program Services Study Abroad - Spain 20260 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Switzerland 45457 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - United Kingdom 249614 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Germany 330 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Greece 2270 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Spain 11562 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - United Kingdom 4773 Middle East and North Africa 0 0 Program Services Recruiting - Jordan 1411 Middle East and North Africa 0 0 Program Services Recruiting - Saudi Arabia 262191 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Recruiting - Canada 655 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study Abroad - Mexico 31823 North America (including Canada and Mexico, but not the United States) 0 0 Speaking at Seminars or Conferences Conference - Canada 2787 Russia and the newly independent States 0 0 Program Services Honorarium - Ukraine 1030 Russia and the newly independent States 0 0 Program Services Study Abroad - Russia 19025 South America 0 0 Program Services Recruiting - Colombia 4710 South America 0 0 Program Services Study Abroad - Chile 5008 South America 0 0 Program Services Study Abroad - Ecuador 15944 Sub-Saharan Africa 0 0 Program Services Study Abroad - South Africa 17306 0 1 877155 0 0 0 0 0 0 Chipper Jones 25601 0 25601 0 1410 12978 0 0 636 Babs Steffens 18800 0 18800 0 3105 9300 269 1072 1947 0 44401 0 44401 0 4515 22278 269 1072 2583 30717 13684 1 See Schedule I, Part IV, Statement 1 3751 107004576 0 Scholarships are for talent, academic merit, athletic participation, and financial need. Schedule I, Part I, Line 2 Stetson University ensures each scholarship is used for its intended purpose by applying the award amount directly to the recipient's student ledger. X X X X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 Christopher F Roellke President/Trustee 464762 0 0 0 5431 0 22309 0 42614 0 535116 0 0 0 Noel Painter EVP and Provost 291348 0 0 0 0 0 54297 0 28874 0 374519 0 0 0 Frank R Huth EVP and CFO 335768 0 0 0 0 0 189246 0 22793 0 547807 0 0 0 Raymond Nault VP Enrollment Management 97074 0 0 0 0 0 7425 0 2000 0 106499 0 0 0 Krista Bofill VP for University Relations 81805 0 0 0 13013 0 6833 0 63 0 101714 0 0 0 Amy K Gipson Interim VP - Development and Alumni Engagement 126866 0 0 0 15750 0 11451 0 28813 0 182880 0 0 0 Jeffrey Altier Athletic Director 195579 0 0 0 1325 0 36738 0 8707 0 242349 0 0 0 Bruce Chong VP for University Marketing and Communication 176716 0 0 0 0 0 34132 0 23991 0 234839 0 0 0 Larry Correll-Hughes Co-Interim VP and Assistant VP of CLaSS 89179 0 0 0 0 0 7185 0 26820 0 123184 0 0 0 Lynn Schoenberg Co-Interim VP for CLaSS and Dean of Students 103825 0 0 0 0 0 7879 0 1310 0 113014 0 0 0 Michele Alexandre Dean of Law School 283334 0 0 0 0 0 49467 0 19351 0 352152 0 0 0 Rebecca Morgan Professor of Law 269885 0 0 0 0 0 17376 0 21843 0 309104 0 0 0 Darryl Wilson Professor of Law and Associate Dean 265059 0 0 0 0 0 14448 0 25518 0 305025 0 0 0 Peter Lake Professor of Law 246983 0 0 0 0 0 16723 0 20043 0 283749 0 0 0 Roy Gardner Professor of Law 234990 0 0 0 0 0 16409 0 13026 0 264425 0 0 0 Ellen Podgor Professor of Law 231241 0 0 0 0 0 16604 0 20186 0 268031 0 0 0 Wendy B Libby Former President/Trustee 243341 0 0 0 6276 0 12304 0 8485 0 270406 0 0 0 Lua Hancock Former VP for Campus Life and Student Success 222602 0 0 0 0 0 14507 0 9136 0 246245 0 0 0 Kristen Adams Former Interim Dean of Law School 221274 0 0 0 0 0 13960 0 22049 0 257283 0 0 0 Schedule J, Part I, Line 1a The President's spouse accompanies him on business related travel when her presence is expected and necessary for the event. Travel expenses for spousal or companion travel are not reimbursed under the current University policy, except in very limited cases where the president's spouse is required or is expected to attend the function. The President is provided a residence on campus. Along with providing housing for the President and his family spouse, the residence is also used for various university events and functions hosted by the President. Staff employed by the University provides housekeeping services at the President's residence. Catering services are also provided for university functions and events held at the President's residence for University purpose. Schedule J, Part I, Line 4 The University contributes to a supplemental nonqualified retirement plan under IRC Section 457(f) for the benefit of Noel Painter, Executive VP and Provost; F. Robert Huth, Executive VP and CFO; Jeffrey Altier, Director of Athletics; Bruce Chong, VP for University Marketing and Communication; and Michele Alexandre, Dean of Law School. The collective amount contributed by the University for calendar year 2021 of $264,594 is included on Schedule J, Part II, Column (C). Amounts contributed are unfunded and subject to a substantial risk of forfeiture pursuant to the years of service requirement under this plan. A Volusia County Educational Facilities Authority 800000613 928836LXI 2015-04-01 107948319 Finance certain property acquisitions, renovations, and improvements to the University DeLand and Gu 0 0 0 A 11820000 0 107948319 0 2706566 0 902842 0 0 48170579 56168333 0 1 0 1 1 A 0 1 0 0 0.008 0 0.008 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I, Column f-04/01/2015 107,948,319 Volusia County Educational Facilities Authority Finance certain property acquisitions, renovations, and improvements to the University's DeLand and Gulfport campuses. Refund all of the Volusia County Educational Facilities Revenue and Refunding Bonds (Stetson University, Inc. Project), Series 2005, Series 2010, and Series 2011. Paid off bank loan made to the University from 5th3rd Bank, dated March 18, 2013. J Hyatt Brown Trustee 2713135 Insurance Brokerage Services provided by Trustee's corporation 0 Cynthia R Brown Trustee 0 Insurance Brokerage Services provided by Trustee's corporation 0 X 11470 FMV X 17 22930909 FMV X 2 700 FMV X Volunteer expenses 3 6040 Actual cost X Gift-in-kind 3 6040 FMV X Event food/supplies 2 896 Actual cost 0 0 1 0 Form 990, Part VI, Section A, Line 2 The following Board member(s) has a family relationship during fiscal year 2021-2022. J. Hyatt Brown and Cynthia R. Brown (husband and wife). Form 990, Part VI, Section A, Line 7a The Chairs of the four Advisory Boards (A&S, Music, Business, and Law) and the Alumni Association President are all ex-officio voting members of the Board of Trustees during their terms. Form 990, Part VI, Section B, Line 11b Prior to the May's Board of Trustees meeting, the University provides a draft copy of the Form 990 to the individual members of the Board of Trustees for review. The audit committee of the Board formally reviews and discusses the return, and members are given the opportunity to request or provide additional information before the return is filed. Form 990, Part VI, Section B, Line 12c The University's Conflict of Interest Policy is included in the articles of incorporation and the University's bylaws. Annually, the Board of Trustees members must complete a conflict of interest disclosure statement. The audit committee of the Board reviews the information from these forms for possible conflict issues. The audit committee is responsible for enforcement and disclosure of issues and any required action. Board members are required to recuse themselves from voting on any matter in which a conflict of interest exists. The conflict of interest policy that pertains to officers and any other employee of the University is included in the University's personnel policies manual. Form 990, Part VI, Section B, Line 15 The compensation of the President of the University is reviewed annually by the presidential development and compensation committee of the Board of Trustees for appropriateness. Any increase or adjustment to the annual compensation must be approved by the Board. The University uses comparative data from CUPA, NACUBO, and other survey and database resources to determine salary ranges and increases for officers and other key employees. Their salary must be approved by the President and documented in their permanent employee records. Form 990, Part VI, Section C, Line 19 Copies of the University's governing documents, conflict of interest policy, and financial statements are available to the public upon a formal request to the Executive Vice-President and CFO. Electronic versions of the financial statements are available on the University's website. Form 990, Part XI, Line 9 Change in Actuarial Value Annuities of <$383,114>; Change in Investment in Value of Related Entity - Dana Foundation of <$583,155>; Change in Allowance for Uncollectible Pledges of <$416,053>; Change in OPEB liability $838,110; Donor Life Insurance <$212,990>; Cumulative Effect of Change in Accounting Principal <$295,612>; and Interfund transfer <$937>. GSH Investments LLC 421 N Woodland DeLand FL 32723 352520555 Property Management FL 52489 1292486 Stetson University Inc The Charles A Dana Law Center Foundation 1401 61st Street South Gulfport FL 337073299 596135559 Contributions - Stetson Univ College of Law FL 501(c)(3) Line 5 Stetson University Inc 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The Charles A Dana Law Center Foundation c 138612 All allocated interest and dividends.