2022-03-31T13:23:03-05:00 2021-06-30 366055558 GRANT THORNTON LLP 200 SOUTH ORANGE AVENUE SUITE 2050 ORLANDO FL 32801 990 2020-07-01 591237047 SAINT LEO UNIVERSITY SAIN 3525888215 33701 STATE ROAD 52 SAINT LEO FL 335746665 JEFFREY SENESE PRESIDENT 3525888215 2022-03-31 1 JEFFREY SENESE XXX-XX-XXXX PAUL HAGGE P00543988 4074815100 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEFFREY SENESE PHD 33701 STATE ROAD 52 SAINT LEO FL 335746665 279302887 0 X WWW.SAINTLEO.EDU X 1965 FL SAINT LEO UNIVERSITY WELCOMES AND EMBRACES IN THE CATHOLIC BENEDICTINE TRADITION (SEE SCHEDULE O) INDIVIDUALS OF ALL FAITHS. THE UNIVERSITY SEEKS BALANCED GROWTH IN MIND, BODY, AND SPIRIT FOR ALL MEMBERS OF OUR COMMUNITY. OUR COMMUNITY RECOGNIZES THE DIGNITY, VALUE, AND GIFTS OF ALL. AT SAINT LEO, LEARNING IS OF PRIME IMPORTANCE, AND WE WORK TO MEET THE EVOLVING NEEDS OF OUR COMMUNITIES AND THE WORLD AROUND US. 27 27 2086 27 0 0 5605221 15171702 161126009 149584135 497817 4486812 380684 752325 167609731 169994974 30822576 32542307 0 0 94023263 85143831 0 0 1760048 60086060 53864629 184931899 171550767 -17322168 -1555793 243651425 278133015 98521914 114248858 145129511 163884157 X SEE SCHEDULE O.SAINT LEO IS AN INVENTIVE GLOBAL CATHOLIC LIBERAL ARTS UNIVERSITY THAT FOSTERS A PERSONAL AND INCLUSIVE COMMUNITY WHICH EDUCATES, PREPARES, AND DEVELOPS STUDENTS FOR SUCCESS, AND CONSISTS OF DIVERSE LEARNERS WHO BOLDLY CONFRONT THE CHALLENGES OF OUR WORLD THROUGH SERVICE TO OTHERS. 0 0 126954131 32542307 150160737 AS THE OLDEST CATHOLIC INSTITUTION OF HIGHER EDUCATION IN FLORIDA AND ONE OF THE TOP UNIVERSITIES IN CENTRAL FLORIDA, SAINT LEO UNIVERSITY HAS A CENTURY-LONG TRADITION OF WELCOMING STUDENTS OF ALL FAITHS. FOR MORE INFORMATION, SEE SCHEDULE O.OUR LIBERAL ARTS CAMPUS, LOCATED 30 MILES NORTH OF TAMPA, EDUCATES JUST UNDER 2,100 STUDENTS. TOTAL ENROLLMENT ACROSS OUR CENTRAL FLORIDA CAMPUS, 18 REGIONAL LOCATIONS, AND ONLINE PROGRAMS IS NEARLY 15,000. SAINT LEO OFFERS OVER 50 UNDERGRADUATE DEGREES, PROGRAMS AND ENDORSEMENTS AS WELL AS MASTER'S, DOCTORAL AND CERTIFICATE PROGRAMS IN THE COLLEGE OF ARTS & SCIENCES, COLLEGE OF BUSINESS, COLLEGE OF EDUCATION & SOCIAL SERVICES, AND THE COLLEGE OF HEALTH PROFESSIONS. A TOTAL OF NEARLY 160 PROGRAMS. THE PUBLICATION DIVERSE ISSUES IN HIGHER EDUCATION RANKS SAINT LEO AMONG ITS TOP 100 INSTITUTIONS GRADUATING MINORITY STUDENTS WITH BACCALAUREATE DEGREES. WE'RE A SMALL SCHOOL, BUT WE HAVE AN INCREDIBLY DIVERSE STUDENT BODY COMPOSED OF 41% STUDENTS FROM UNDERREPRESENTED POPULATIONS. SAINT LEO NOW SERVES STUDENTS FROM ALL 50 STATES, THE DISTRICT OF COLUMBIA, THREE U.S. TERRITORIES AND OVER 80 FOREIGN COUNTRIES. SAINT LEO IS ALSO ONE OF THE NATION'S LEADING PROVIDERS OF HIGHER EDUCATION TO THE U.S. MILITARY. TODAY CLOSE TO 6,000 MEN AND WOMEN OF THE ARMED FORCES, VETERANS, AND THEIR FAMILY MEMBERS ARE ENROLLED IN SAINT LEO UNIVERSITY DEGREE PROGRAMS - THAT'S ABOUT ONE-THIRD OF THE UNIVERSITY-WIDE STUDENT COMMUNITY. THOUSANDS OF ACTIVE DUTY SERVICE MEMBERS, VETERANS AND FAMILY MEMBERS WORLDWIDE EARN AFFORDABLE, ACCESSIBLE UNIVERSITY DEGREES THROUGH OUR TRADITIONAL FLORIDA CAMPUS, EXTENSIVE ONLINE PROGRAM OFFERINGS AND EDUCATION CENTERS ON MILITARY BASES THROUGHOUT THE U.S. IN NOVEMBER 2014 THE NORTHEAST FLORIDA EDUCATION CENTER, ALONG WITH THE SCHOOL DISTRICT OF CLAY COUNTY (FL), WAS CHOSEN BY THE MILITARY CHILD EDUCATION COALITION AS ONE OF FIVE NATIONAL RECIPIENTS TO RECEIVE THE 2014 PETE TAYLOR PARTNERSHIP OF EXCELLENCE AWARD, WHICH RECOGNIZES SUCCESSFUL PARTNERSHIPS AND PROJECTS THAT ULTIMATELY BENEFIT MILITARY-CONNECTED CHILDREN. 10958767 0 140636 AUXILIARY ENTERPRISES OF THE UNIVERSITY PROVIDE CERTAIN CUSTOMARY SERVICES SUCH AS HOUSING, FOOD SERVICE, AND VARIOUS STUDENT ACTIVITIES FOR THE BENEFIT OF THE STUDENTS OF THE UNIVERSITY. TRADITIONAL CAMPUS STUDENTS COMPRISED 2,047 FOR THE FY21 FISCAL YEAR. 137912898 1 1 0 1 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 15979 0 1 2086 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL X JOHN NISBET 3525888215 PO BOX 6665 SAINT LEO FL 33574 JEFFREY D SENESE PRESIDENT 60.00 0.00 X 525018 0 71882 JOHN NISBET CFO/VP 60.00 0.00 X 303211 0 31926 MELANIE STORMS SENIOR VP 60.00 0.00 X 300182 0 28744 SENTHIL KUMAR VP STRATEGIC ENROLLMENT MANAGEMENT 60.00 0.00 X 276789 0 28898 MARY SPOTO VP ACADEMIC AFFAIRS 60.00 0.00 X 215535 0 23992 DEREK MOHAMMED DEAN AND DIRECTOR OF CARDS 60.00 0.00 X 202775 0 22874 FRANCIS REIDY VP & ATH DIR INTERCOLLEGIATE ATHS 40.00 0.00 X 197922 0 26860 ROBYN PARKER DEAN THRU 8/11/21 40.00 0.00 X 190011 0 25588 JENNIFER SHAW VP 50.00 0.00 X 185214 0 25986 ERNEST VENDRELL ASSOC DIRECTOR/PROFESSOR 40.00 0.00 X 163430 0 24267 JODI LAMB ASSOC DIRECTOR/PROFESSOR 40.00 0.00 X 156771 0 12736 DAVID MITCHELL CURRENT TRUSTEE/CHAIR 1.00 0.00 X X 0 0 0 JOSEPH P CONNELLAN SECRETARY 1.00 0.00 X X 0 0 0 IAN ANDERSON CURRENT TRUSTEE (BEG 7/1/2020) 1.00 0.00 X 0 0 0 SR ROBERTA BAILEY OS B CURRENT TRUSTEE 1.00 0.00 X 0 0 0 PETER BISCARDI CURRENT TRUSTEE 1.00 0.00 X 0 0 0 NOEL BOEKE CURRENT TRUSTEE (BEG 7/1/2020) 1.00 0.00 X 0 0 0 ROBERT CABOT CURRENT TRUSTEE 1.00 0.00 X 0 0 0 ABBOTT ISAAC J CAMACHO OS B CURRENT TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY GERBINO CURRENT TRUSTEE 1.00 0.00 X 0 0 0 STEVEN HICKMAN CURRENT TRUSTEE (BEG 7/1/2020) 1.00 0.00 X 0 0 0 CLARKE HOBBY CURRENT TRUSTEE (BEG 7/1/2020) 1.00 0.00 X 0 0 0 RICHARD JOHNSON CURRENT TRUSTEE 1.00 0.00 X 0 0 0 ALLAN J LULHN CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH A MCGEE CURRENT TRUSTEE 1.00 0.00 X 0 0 0 ROBIN MCGUINNESS CURRENT TRUSTEE (BEG 7/1/2020) 1.00 0.00 X 0 0 0 EDWIN NARAIN CURRENT TRUSTEE 1.00 0.00 X 0 0 0 VINI NATHAN CURRENT TRUSTEE (BEG 7/1/2020) 1.00 0.00 X 0 0 0 LAURA O'DONOGHUE CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JOHN P O'LEARY CURRENT TRUSTEE 1.00 0.00 X 0 0 0 BISHOP GREGORY PARKES CURRENT TRUSTEE 1.00 0.00 X 0 0 0 THOMAS D PESCHIO CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JOHN PICCIANO CURRENT TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM J REAGAN CURRENT TRUSTEE 1.00 0.00 X 0 0 0 THOMAS J SHANNON III CURRENT TRUSTEE (BEG 7/1/2020) 1.00 0.00 X 0 0 0 KEVIN SULLIVAN CURRENT TRUSTEE (BEG 7/1/2020) 1.00 0.00 X 0 0 0 PAT THOMPSON CURRENT TRUSTEE 1.00 0.00 X 0 0 0 JOHN E VIEW CURRENT TRUSTEE 1.00 0.00 X 0 0 0 2716858 0 323753 81 0 1 0 CREATIVE CONTRACTORS 620 DREW STREET CLEARWATER FL 33705 WELLNESS CENTER & BOWMAN CENTER PROJECT 3454073 S3 DESIGN INC 150 WOOD ROAD STE 1000 BRAINTREE MA 02184 ARCHITECTURE SERV. FOR WELLNESS CENTER 649896 TOTAL BUILDING SOLUTIONS PO BOX 959 MANGO FL 335500959 BUILDING MAINTENANCE ON CAMPUS. 551549 CORPORATE BUILDING SOLUTIONS 540 CARILLON PKWY 3048 ST P FL 33716 MISC CONS. SERV. & BLDG MAINTENANCE 485785 KPMG LLP PO BOX 120608 DALLAS TX 753120608 FINANCIAL STMT & SINGLE AUDIT OF SLU 241650 10 13825862 1345840 72830 15171702 TUITION AND FEES 611430 133488475 133488475 SALE OF AUX ENTERPRISE 611710 14057884 14057884 ALL OTHER REVENUES 900099 2037776 2037776 149584135 1766262 1766262 112024993 3470 109247528 60385 2777465 -56915 2720550 2720550 COMMISSION 900099 157584 157584 GRANT ADMIN FEE 900099 98427 98427 CATERING 722320 11319 9232 2087 484995 451995 33000 752325 169994974 150301373 0 4521899 27573069 27573069 4969238 4969238 1580949 1580949 61906846 48335203 12768327 803316 3282754 2418878 818670 45206 13077049 10406332 2450734 219983 5296233 4215205 1012211 68817 442422 7259 435163 224800 224800 261640 261465 175 3049441 1700782 925510 423149 16798710 15309917 1488793 3862099 3002252 823847 36000 5767117 1204526 4472273 90318 2448931 2357957 84368 6606 302631 258810 35591 8230 71795 25957 32318 13520 2030309 1865325 164984 7670565 6062064 1607562 939 2496527 2293001 203526 DUES/SUBSCRIPTIONS 1010872 706095 281425 23352 CREDIT CARD FEES 808605 175792 628330 4483 ENTERTAINMENT 130090 115953 6532 7605 EDUCATIONAL MATERIAL 111454 85648 25806 6376621 4562170 1805927 8524 171550767 137912898 31877821 1760048 18975 3024057 28683108 14239935 1811161 1888210 3673530 3535206 475964 327373 3963372 3763482 248813895 105340414 132478529 143473481 65157470 88977321 3683522 4287212 3705794 14616738 243651425 278133015 16186808 23867044 76838 94564 1804108 2023193 75905979 74471354 289240 278100 3491048 2493606 767893 11020997 98521914 114248858 X 126618207 138745598 18511304 25138559 145129511 163884157 243651425 278133015 X -1555793 19708734 601705 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 60 60 0 0 0 0 PART II-B, LINE 1, LOBBYING ACTIVITIES SAINT LEO UNIVERSITY IS A MEMBER OF NACUBO, WHICH USED A SMALL PERCENTAGE OF MEMBER DUES FOR LOBBYING. OF THE 6,625 IN MEMBER DUES $60 WAS RELATED TO LOBBYING. 1755623 X X 0 0 1 68249428 498436 23614944 15167 92347641 69627264 311000 21421 308999 1401258 68249428 67584103 410524 2036520 403883 69627264 64153668 474653 3281633 325851 67584103 58074647 50653 6403867 375499 64153668 0.74000 0.26000 1 0 5631483 5631483 165739890 48593395 117146495 2149287 1012724 1136563 41972073 30515853 11456220 33321162 25218442 8102720 143473481 RIGHT OF USE ASSETS 10590497 OTHER ASSETS 4026241 14616738 LEASE LIABILITIES 11020997 11020997 X 139407929 -30367844 -30367844 169775773 219201 219201 169994974 140963722 0 140963722 219201 30367844 30587045 171550767 PART III, LINE 4: FINE ART WORK THE MAJORITY OF THE ART WORK ARE PRINTS BY YANKEL GINZBURG. THE ART WORK IS EXHIBITED THROUGHOUT VARIOUS CAMPUS BUILDINGS FOR THE CULTURAL APPRECIATION AND ENJOYMENT OF THE COLLEGE'S STUDENTS, EMPLOYEES AND VISITORS. PART V, LINE 4: ENDOWMENT FUNDS THE MAJORITY OF THE ENDOWMENT IS FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS. OTHER ENDOWMENTS ARE FOR ITEMS SUCH AS LIBRARY MATERIALS AND SERVICE TRIPS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. MANAGEMENT DOES NOT CONSIDER FEDERAL INCOME TAXES CONNECTED WITH THE UNIVERSITY'S UNRELATED BUSINESS INCOME TO BE SIGNIFICANT. FASB ASC SUBTOPIC 740-10, INCOME TAXES - OVERALL, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE UNIVERSITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ITS TAX POSITIONS TAKEN AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT COULD RESULT IN MATERIAL IMPACT TO THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES -30,367,844. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCES 30,367,844. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 YES, THE NONDISCRIMINATORY POLICY ADS RUN IN NEWSPAPERS EACH CALENDAR YEAR IN EVERY UNIVERSITY LOCATION. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE COLLEGE PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS, WHICH ARE LISTED BELOW. THESE PROGRAMS ARE AUDITED ANNUALLY IN ACCORDANCE WITH RELATED REGULATIONS. U.S. DEPARTMENT OF EDUCATION: FEDERAL PELL GRANT PROGRAM FEDERAL WORK STUDY PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS FEDERAL DIRECT STUDENT LOAN PROGRAM FEDERAL TEACH GRANT PROGRAM HEERF I & II - INSTITUTIONAL HEERF I - STUDENT HEERF I & II - STRENGTHING INSTITUTIONS ROBERT NOYCE TEACHER SCHOLARSHIP PROGRAM GRANTS TO REDUCE DOMESTIC VIOLENCE, DATING VIOLENCE, SEXUAL ASSAULT, STALKING ON CAMPUS EDUCATION AND HUMAN RESOURCES STATE FINANCIAL ASSISTANCE FLORIDA DEPARTMENT OF EDUCATION AND COMMISSIONER OF EDUCATION: FLORIDA RESIDENT ACCESS GRANT FLORIDA STUDENT ASSISTANCE GRANT FLORIDA BRIGHT FUTURES SCHOLARSHIP PROGRAM MINORITY TEACHER SCHOLARSHIP PROGRAM FLORIDA HONORABLY DISCHARGED GRADUATE ASSISTANCE CHILDREN OF DECEASED OR DISABLED VETERANS FLORIDA WORK EXPERIENCE PROGRAM SAINT LEO UNIVERSITY LICENSE PLATE PROJECT 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 2192679 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 112117 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 1588322 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 78425 NORTH AMERICA 0 0 GRANTMAKING 475200 RUSSIA AND THE NEWLY INDEPENDENT STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 GRANTMAKING 30685 SOUTH AMERICA 0 0 GRANTMAKING 367526 SOUTH ASIA 0 0 GRANTMAKING 105649 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 157149 0 0 0 0 0 0 4950603 157149 5107752 ANNUAL SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 3 3250 FIN AID FMV ANNUAL SCHOLARSHIP SUB-SAHARAN AFRICA 1 500 FIN AID FMV ATHLETIC SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 4 28500 FIN AID FMV ATHLETIC SCHOLARSHIP EAST ASIA AND THE PACIFIC 4 55015 FIN AID FMV ATHLETIC SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 73 1092519 FIN AID FMV ATHLETIC SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 2 29000 FIN AID FMV ATHLETIC SCHOLARSHIP NORTH AMERICA 19 306190 FIN AID FMV ATHLETIC SCHOLARSHIP SOUTH AMERICA 8 141140 FIN AID FMV ATHLETIC SCHOLARSHIP SUB-SAHARAN AFRICA 2 26500 FIN AID FMV ENDOWMENT SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 18 34000 FIN AID FMV OTHER EDUCATIONAL SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 5 30472 FIN AID FMV OTHER EDUCATIONAL SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 3930 FIN AID FMV ENDOWMENT SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 1750 FIN AID FMV ENDOWMENT SCHOLOARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 6 13250 FIN AID FMV ENDOWMENT SCHOLARSHIP SOUTH ASIA 1 1000 FIN AID FMV ENDOWMENT SCHOLARSHIP SUB-SAHARAN AFRICA 1 1750 FIN AID FMV INSTITUTIONAL MERIT SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 111 586333 FIN AID FMV INSTITUTIONAL MERIT SCHOLARSHIP EAST ASIA AND THE PACIFIC 4 21750 FIN AID FMV INSTITUTIONAL MERIT SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 58 314050 FIN AID FMV INSTITUTIONAL MERIT SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 7 26175 FIN AID FMV INSTITUTIONAL MERIT SCHOLARSHIP NORTH AMERICA 13 82770 FIN AID FMV INSTITUTIONAL MERIT SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 1 5750 FIN AID FMV INSTITUTIONAL MERIT SCHOLARSHIP SOUTH ASIA 4 28750 FIN AID FMV INSTITUTIONAL MERIT SCHOLARSHIP SUB-SAHARAN AFRICA 10 80850 FIN AID FMV INSTITUTIONAL MERIT SCHOLARSHIP SOUTH AMERICA 13 63750 FIN AID FMV INSTITUTIONAL NEED BASED CENTRAL AMERICA AND THE CARIBBEAN 188 1510124 FIN AID FMV INSTITUTIONAL NEED BASED EAST ASIA AND THE PACIFIC 8 29672 FIN AID FMV INSTITUTIONAL NEED BASED EUROPE (INCLUDING ICELAND & GREENLAND) 45 108551 FIN AID FMV INSTITUTIONAL NEED BASED MIDDLE EAST AND NORTH AFRICA 7 23250 FIN AID FMV INSTITUTIONAL NEED BASED NORTH AMERICA 13 72500 FIN AID FMV INSTITUTIONAL NEED BASED RUSSIA AND NEIGHBORING STATES 3 17675 FIN AID FMV INSTITUTIONAL NEED BASED SOUTH AMERICA 22 158811 FIN AID FMV INSTITUTIONAL NEED BASED SOUTH ASIA 12 68144 FIN AID FMV INSTITUTIONAL NEED BASED SUB-SAHARAN AFRICA 11 35969 FIN AID FMV OTHER EDUCATIONAL SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 9 59952 FIN AID FMV OTHER EDUCATIONAL SCHOLARSHIP NORTH AMERICA 2 13740 FIN AID FMV OTHER EDUCATIONAL SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 1 7260 FIN AID FMV OTHER EDUCATIONAL SCHOLARSHIP SOUTH AMERICA 1 3825 FIN AID FMV OTHER EDUCATIONAL SCHOLARSHIP SOUTH ASIA 1 7755 FIN AID FMV OTHER EDUCATIONAL SCHOLARSHIP SUB-SAHARAN AFRICA 1 11580 FIN AID FMV 0 0 0 0 0 0 PART I, LINE 2: INDIVIDUALS REQUESTING ANY FORM OF FINANCIAL AID MUST COMPLETE PERSONAL FINANCIAL STATEMENTS AND IF THEY ARE DEPENDENTS, THEY MUST ALSO PROVIDE PARENTAL OR GUARDIAN FINANCIAL INFORMATION. ONLY INDIVIDUALS WHO ARE ENROLLED IN THE SCHOOL AT THE TIME OF DISBURSEMENTS ARE CONSIDERED FOR FINANCIAL AID. PART III ACCOUNTING METHOD: 1 ATHLETIC 240 1859183 OTHER INSTITUTIONAL MERIT 2374 11357320 OTHER ENDOWMENTS 292 436408 OTHER ANNUAL 46 34400 OTHER INSTITUTIONAL NEED BASED 1989 10378301 OTHER OTHER EDUCATIONAL SCHOLARSHIPS 321 2253481 OTHER PART I, LINE 2: DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANTS: INDIVIDUALS REQUESTING ANY FORM OF FINANCIAL AID MUST COMPLETE PERSONAL FINANCIAL STATEMENTS AND IF THEY'RE DEPENDENTS, THEY MUST ALSO PROVIDE PARENTAL OR GUARDIAN FINANCIAL INFORMATION. ONLY INDIVIDUALS ENROLLED IN THE SCHOOL AT THE TIME OF DISBURSEMENTS ARE CONSIDERED FOR FINANCIAL AID. ALL SCHOLARSHIPS AWARDED TO STUDENTS MAY ONLY BE USED TO DEFRAY THE EDUCATIONAL COSTS OF MATRICULATING AT THE COLLEGE. NO STUDENT MAY DEFRAY SCHOLARSHIP FUNDS FOR PERSONAL MATTERS; ACCORDINGLY, THE COLLEGE DOES NOT UNDERTAKE FURTHER MONITORING ONCE THE SCHOLARSHIP IS AWARDED. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 JEFFREY D SENESE PRESIDENT 404518 0 105000 0 15500 0 22800 0 49082 0 596900 0 0 0 JOHN NISBET CFO/VP 278211 0 25000 0 0 0 15675 0 16251 0 335137 0 0 0 MELANIE STORMS SENIOR VP 275182 0 25000 0 0 0 12493 0 16251 0 328926 0 0 0 SENTHIL KUMAR VP STRATEGIC ENROLLMENT MANAGEMENT 247289 0 10000 0 19500 0 21048 0 7850 0 305687 0 0 0 MARY SPOTO VP ACADEMIC AFFAIRS 200535 0 15000 0 0 0 15975 0 8017 0 239527 0 0 0 DEREK MOHAMMED DEAN AND DIRECTOR OF CARDS 202775 0 0 0 0 0 14175 0 8699 0 225649 0 0 0 FRANCIS REIDY VP & ATH DIR INTERCOLLEGIATE ATHS 172582 0 20000 0 5340 0 13872 0 12988 0 224782 0 0 0 ROBYN PARKER DEAN THRU 8/11/21 190011 0 0 0 0 0 13055 0 12533 0 215599 0 0 0 JENNIFER SHAW VP 175214 0 10000 0 0 0 14069 0 11917 0 211200 0 0 0 ERNEST VENDRELL ASSOC DIRECTOR/PROFESSOR 162830 0 0 0 600 0 11386 0 12881 0 187697 0 0 0 JODI LAMB ASSOC DIRECTOR/PROFESSOR 156771 0 0 0 0 0 3691 0 9045 0 169507 0 0 0 PART I, LINE 1A HOUSING BENEFIT - PRESIDENT JEFFREY SENESE LIVES IN CAMPUS OWNED HOUSING - REQUIRED BY CONTRACT. FMV IS $33,000 PER YEAR. SOCIAL CLUB DUES - FRAN REIDY - $5,340 PART I, LINE 7: THE PRESIDENT SUBMITS HIS BONUS RECOMMENDATIONS TO THE COMPENSATION COMMITTEE BASED ON WHETHER THEIR EXECUTION GOALS AND OBJECTIVES WERE MET, BASED ON KEY METRICS (COULD CHANGE YEAR TO YEAR), AND OTHER ACCOMPLISHMENTS DURING THE YEAR. THE PRESIDENT ALSO SUBMITS HIS EXECUTION GOALS, PERFORMANCE OF KEY METRICS, AND OTHER ACCOMPLISHMENTS. THEN THE PRESIDENT AND THE COMPENSATION COMMITTEE MEET AND DISCUSS. AT A LATER DATE, THE COMPENSATION COMMITTEE DECIDES ON EXECUTIVE BONUSES AND PROVIDES IT TO THE PRESIDENT. A HIGHER EDUCATIONAL FACILITES FINANCING AUTHORITY 900058227 34073TLP0 2019-05-16 76995342 SEE PART V 0 0 0 A 77075069 4614847 1612323 846915 15093158 46057279 8850547 1 0 0 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART I, COLUMN F: DESCRIPTION OF PURPOSE ON MAY 16, 2019, THE HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY (HEFFA) ISSUED ITS REVENUE REFUNDING BONDS, SERIES 2019 IN THE AMOUNT OF $68,935,000 ON BEHALF OF THE UNIVERSITY. THE PROCEEDS OF THE BONDS WERE LOANED TO THE UNIVERSITY AND WILL BE APPLIED TOGETHER WITH OTHER AVAILABLE MONEY OF THE UNIVERSITY TO (A) FINANCE AND REFINANCE A PORTION OF THE COST OF THE 2019 PROJECT (B) REFINANCE THE 2012A&B SERIES BONDS, (C) CAPITALIZE A PORTION OF INTEREST ON THE SERIES 2019 BONDS AND (D) PAY COSTS OF ISSUANCE RELATED TO THE SERIES 2019 BONDS. SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS OF $77,075,069 INCLUDE PAR VALUE OF $68,935,000, PREMIUM OF $8,060,343 AND GAIN ON REDEMPTION OF INTEREST RATE EXCHANGE AGREEMENT FOR PREVIOUS BOND HOLDINGS OF $79,726. X 2 27500 EXPERT OPINION X OFFICE CHAIRS 40 45330 COST 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED ON PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE TEN (10) MEMBERS, ALL OF WHOM SHALL BE VOTING TRUSTEES, EXCEPT FOR THE PRESIDENT WHO SHALL BE EX OFFICIO WITHOUT VOTE AND NOT COUNTED AS PART OF A QUORUM FOR THE PURPOSE OF TRANSACTING BUSINESS. THE CHAIRPERSON, VICE CHAIRPERSON, AND SECRETARY SHALL BE MEMBERS ALONG WITH THE CHAIRPERSONS OF ALL THE BOARD STANDING COMMITTEES. IN ADDITION, ONE TRUSTEE SHALL BE NOMINATED BY THE COMMITTEE ON TRUSTEES AND ELECTED BY THE BOARD AT THE ANNUAL MEETING TO SERVE ON THE COMMITTEE. THE CHAIRPERSON SHALL INSURE THERE IS AT LEAST ONE MEMBER OF THE BENEDICTINE COMMUNITY ON THE EXECUTIVE COMMITTEE. THE PURPOSE OF THE EXECUTIVE COMMITTEE IS TWOFOLD: 1) IT SHALL SERVE AT THE PLEASURE OF THE BOARD AS ITS AGENT IN HELPING THE PRESIDENT TO ADDRESS BUSINESS MATTERS NOT OTHERWISE HEREIN SOLELY RESERVED FOR THE BOARD OF TRUSTEES OR AS OTHERWISE DELEGATED BY THE BOARD BETWEEN REGULAR BOARD MEETINGS TO CONSERVE TIME; AND 2) IT SHALL ASSIST THE CHAIRPERSON AND THE PRESIDENT IN THEIR JOINT RESPONSIBILITY TO HELP THE BOARD TO FUNCTION EFFECTIVELY AND EFFICIENTLY BY SUGGESTING THE BOARD MEETING AGENDA ITEMS AND PERIODICALLY ASSESSING THE QUALITY OF COMMITTEE WORK. THE COMMITTEE SHALL HAVE THE AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS WHICH CANNOT OR SHOULD NOT BE DEFERRED UNTIL THE BOARD'S NEXT SCHEDULED MEETING. THE COMMITTEE SHALL HAVE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING WHICH SHALL BE RESERVED FOR THE BOARD; PRESIDENTIAL SELECTION AND TERMINATION; TRUSTEE AND BOARD OFFICER SELECTION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSES; CHANGES TO THE BYLAWS, CHARTER, OR ARTICLES OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS IN EXCESS OF $250,000; SALE OF UNIVERSITY ASSETS OR TANGIBLE PROPERTY VALUED GREATER THAN $250,000; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. FORM 990, PART VI, SECTION B, LINE 11B DESCRIPTION OF PROCESS USED TO REVIEW FORM 990 THE BOARD WILL RECEIVE A "FINALIZED" DRAFT COPY OF THE 990 AHEAD OF THE FEBRUARY BOARD MEETINGS. DURING THE BOARD MEETING THE MANAGEMENT TEAM WILL BRIEFLY DISCUSS AND DESCRIBE THE 990 AND WILL TAKE COMMENTS AND QUESTIONS RELATED TO THE DRAFT. THE BOARD WILL GET TO VOTE ON APPROVAL, AND ONCE APPROVED, SAINT LEO UNIVERSITY WILL SUBMIT THE 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST UNIVERSITY MEMBERS SHALL AVOID FAVORITISM AND ANY POTENTIAL CONFLICT OF INTEREST OR APPEARANCE OF A CONFLICT OF INTEREST THROUGH THE FOLLOWING REQUIREMENTS: A. TRUSTEES DUTIES: ELEMENTS OF A CONFLICT. A TRUSTEE HAS A CONFLICT OF INTEREST WHENEVER THE TRUSTEE OR A FAMILY MEMBER OR A BUSINESS ASSOCIATED WITH A TRUSTEE OR A FAMILY MEMBER (INSOFAR AS MAY BE KNOWN TO THE TRUSTEE) HAS AN EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST IN A MATTER PENDING BEFORE THE BOARD OF TRUSTEES THAT MIGHT REASONABLY BE EXPECTED TO IMPAIR THE TRUSTEE'S INDEPENDENCE OF JUDGMENT OR OBJECTIVITY IN THE DISCHARGE OF GOVERNANCE RESPONSIBILITIES. "BUSINESS ASSOCIATES WITH A TRUSTEE" MEANS AN ORGANIZATION, CORPORATION, PARTNERSHIP, PROPRIETORSHIP OR OTHER BUSINESS ENTITY WITH RESPECT TO WHICH EITHER THE TRUSTEE OR (INSOFAR AS MAY BE KNOWN TO THE TRUSTEE) A MEMBER OF THE TRUSTEE'S FAMILY: A) RECEIVES COMPENSATION IN EXCESS OF $500 IN ANY MONTH OR HAS ANY CONTRACTUAL RIGHT TO FUTURE INCOME IN EXCESS OF $6,000 PER YEAR EXCLUDING COMPENSATION FROM THE UNIVERSITY, ANY GOVERNMENTAL SOURCE, INVESTMENT OR SAVINGS INCOME, RETIREMENT OR INSURANCE BENEFITS OR ALIMONY; B) SERVES AS AN OFFICER, DIRECTOR, PARTNER, OR EMPLOYEE; C) HOLDS A FINANCIAL INTEREST VALUED IN EXCESS OF $10,000. B. BOARD RECUSAL: IMPLICATIONS OF RECUSAL. CONFLICT OF INTEREST COMES IN MANY FORMS AND CANNOT BE AVOIDED ENTIRELY. RECUSAL ON A PARTICULAR MATTER BECAUSE OF A CONFLICT DOES NOT REFLECT ADVERSELY ON THE INVOLVED TRUSTEE. RATHER, IT IS SIMPLY RECOGNITION THAT, IN A COMPLEX AND INTERCONNECTED SOCIETY, CONFLICTS WILL OCCUR. WHEN THIS HAPPENS, RECUSAL IS NECESSARY TO ASSURE THAT A TRUSTEE'S INDEPENDENCE OF JUDGMENT IS NOT COMPROMISED, THAT THE PUBLIC'S CONFIDENCE IN THE INTEGRITY OF THE BOARD OF TRUSTEES IS PRESERVED, AND THAT THE UNIVERSITY'S PUBLIC MISSION IS PROTECTED. C. CONFLICT OF INTEREST AND RECUSAL PROCEDURES: REVIEW OF PROCEDURES: THE BOARD OF TRUSTEES, WITH THE ASSISTANCE OF THE UNIVERSITY COUNSEL, SHALL REVIEW ANNUALLY AT A BOARD MEETING THE REQUIREMENTS AND PROCEDURES PROVIDED IN THIS POLICY. EACH TRUSTEE SHALL SIGN A RECEIPT INDICATING THE DATE THE CODE WAS RECEIVED AND ACKNOWLEDGING THAT THEY ARE RESPONSIBLE FOR READING THE CODE AND IS BOUND BY IT. TRUSTEES CAN SEEK CLARIFICATION OF THE CODE'S PROVISIONS FROM THE UNIVERSITY COMPLIANCE OFFICER. RECUSAL: A TRUSTEE MUST SELF RECUSE FROM A MATTER IF THE TRUSTEE HAS: A) ANY FINANCIAL INTEREST, DIRECT OR INDIRECT, THAT IS INCOMPATIBLE WITH THE DISCHARGE OF THE TRUSTEE'S PUBLIC DUTIES, OR B) ANY PERSONAL INTEREST, DIRECT OR INDIRECT, THAT IS INCOMPATIBLE WITH THE DISCHARGE OF THE TRUSTEE'S PUBLIC DUTIES. D. UNIVERSITY MEMBERS EXPECTED BEHAVIOR: NO EMPLOYEE SHALL HAVE ANY INTEREST, FINANCIAL OR OTHERWISE, DIRECT OR INDIRECT, OR ENGAGE IN ANY BUSINESS TRANSACTION OR PROFESSIONAL ACTIVITY, THAT IS IN SUBSTANTIAL CONFLICT WITH THE PROPER DISCHARGE OF THE EMPLOYEE'S DUTIES. E. ADDITIONAL OBLIGATIONS: TRUSTEE AND SENIOR ADMINISTRATIVE PERSONNEL HAVE A DUTY TO THE UNIVERSITY TO ALWAYS ACT IN GOOD FAITH, WITH THE CARE AN ORDINARY PRUDENT PERSON IN A LIKE POSITION WOULD EXERCISE UNDER SIMILAR CIRCUMSTANCES, AND IN A MANNER REASONABLY BELIEVED TO BE IN THE BEST INTERESTS OF THE UNIVERSITY. PERSONS OCCUPYING THESE POSITIONS OF TRUST SHALL COMPLETE AND SUBMIT, ON AT LEAST AN ANNUAL BASIS, A CONFLICT OF INTEREST DISCLOSURE FORM ("FORM"). THE FORM SHALL BE AMENDED FOR FREQUENTLY, AS NEEDED, WHENEVER THERE IS A MATERIAL CHANGE IN THE CIRCUMSTANCES OF THE REPORTING PERSON THAT WOULD MAKE THE FORM THEN ON FILE MATERIALLY FALSE OR MISLEADING. IN ADDITION, ALL TRUSTEES MUST AGREE AND SIGN A STATEMENT OF RESPONSIBILITIES ("STATEMENT") THAT WILL PROVIDE SOME GUIDANCE ON THE SPECIAL RESPONSIBILITIES ATTENDED TO THAT OFFICE. THE FORM AND THE STATEMENT MAY BE CHANGED FROM TIME TO TIME BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 OFFICES & POSITIONS FOR WHICH PROCESS WAS USED THE UNIVERSITY HIRES AN INDEPENDENT CONSULTANT TO REVIEW AND MAKE RECOMMENDATIONS FOR THE PRESIDENT'S COMPENSATION PACKAGE BASED OFF OF INDUSTRY, TRENDS, ETC. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DECIDES WHAT THE PRESIDENT'S COMPENSATION WILL BE AFTER REVIEWING THE CONSULTANT'S WORK AND RECOMMENDATION. FORM 990, PART VI, SECTION B, LINE 15B: OFFICES & POSITIONS FOR WHICH PROCESS WAS USED THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL SALARIES AND BASES THEIR REVIEW ON SALARY TRENDING AND OTHER COMPENSATION RELATED INFORMATION. THE PROCESS IS USED TO ESTABLISH COMPENSATION FOR THE FOLLOWING OFFICES AND POSITIONS: UNIVERSITY PRESIDENT SENIOR VICE PRESIDENT VICE PRESIDENT OF STUDENT AFFAIRS VICE PRESIDENT OF ACADEMIC AFFAIRS VICE PRESIDENT OF BUSINESS AFFAIRS VICE PRESIDENT OF STRATEGIC ENROLLMENT MANAGEMENT UNIVERSITY GENERAL COUNSEL FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 601,705.