SOUTHEASTERN UNIVERSITY INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHEASTERN UNIVERSITY INC (EIN 59-0722789)
- Tax period
- 2018-06-01 to 2019-05-31
- Filed
- 2020-04-21
- IRS object ID
- 202001129349301550
- Schema version
- 2018v3.1
- 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 D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-04-21T14:41:18-05:00 | ReturnTs |
| Tax Period End | 2019-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363990892 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1255 Lakes Parkway Suite 130 | AddressLine1Txt |
| City | Lawrenceville | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30043 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590722789 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Southeastern University Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 8636675000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Longfellow Boulevard | AddressLine1Txt |
| City | Lakeland | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jeffrey B Spear | PersonNm |
| Person Title | VP of Finance | PersonTitleTxt |
| Phone | 8636675000 | PhoneNum |
| Signature | 2020-04-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Ted R Batson Jr | PreparerPersonNm |
| PTIN | P00721951 | PTIN |
| Phone | 6785185301 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 139.146.132.42 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-04-21 | IPDt |
| IP Tm | 15:41:08 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | B192CC0D102847318814F28D1D78F3A4F74CC717 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 1D2628329EF3037DF05D74977BD7F4341E4E9876 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Dr Kent Ingle | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Longfellow Boulevard | AddressLine1Txt |
| City | Lakeland | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $125,683,576 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.seu.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1935 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | To provide education in a Christ-centered, student-focused environment. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 2012 | TotalEmployeeCnt |
| Total Volunteers | 23 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,449,323 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,861,432 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $105,672,579 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $117,011,069 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$75,472 | PYInvestmentIncomeAmt |
| CY Investment Income | $327,630 | CYInvestmentIncomeAmt |
| PY Other Revenue | $304,432 | PYOtherRevenueAmt |
| CY Other Revenue | $95,433 | CYOtherRevenueAmt |
| PY Total Revenue | $108,350,862 | PYTotalRevenueAmt |
| CY Total Revenue | $120,295,564 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $30,718,922 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $34,705,184 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $43,339,756 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $50,641,109 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $114,481 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,145,463 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $40,872,559 | PYOtherExpensesAmt |
| CY Other Expenses | $41,159,441 | CYOtherExpensesAmt |
| PY Total Expenses | $114,931,237 | PYTotalExpensesAmt |
| CY Total Expenses | $126,620,215 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$6,580,375 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$6,324,651 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $115,938,670 | TotalAssetsBOYAmt |
| Total Assets EOY | $112,932,845 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $83,235,761 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $88,297,285 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $32,702,909 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $24,635,560 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Southeastern University's dedication to students' spiritual and intellectual growth provides a framework for Christ-centered living both in and outside the classroom. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $100,243,119 | ExpenseAmt |
| Grant | $34,705,184 | GrantAmt |
| Revenue | $100,646,914 | RevenueAmt |
| Desc | Associated with the Assemblies of God denomination, Southeastern University enrolls over 9,900 students, both traditional and nontraditional, who represent a variety of denominations, personal interests, backgrounds, states and countries. Southeastern University offers more than 70 undergraduate degree programs and 20 graduate programs, including 5 doctoral degrees. Classes are offered in traditional, online, extension sites and evening formats. Graduates are encouraged to impact culture through a lifestyle of excellence and integrity. Southeastern University's dedication to students' spiritual and intellectual growth provides a framework for Christ-centered living both in and outside the classroom. Tuition and fees is the largest program of our growing student body. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $8,749,067 | ExpenseAmt |
| Revenue | $16,364,155 | RevenueAmt |
| Desc | Auxiliary enterprises is the second largest program as we continue to invest in our campus culture by offering campus housing and food service options tailored to meet the majority of our students needs. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $108,992,186 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | 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 | 8569 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2012 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | 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 | Mark Biddinger | PersonNm |
| Phone | 8636675000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 Longfellow Boulevard | AddressLine1Txt |
| City | Lakeland | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Rev Terry Raburn | |||||||
| Chair | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Rev Wayne Blackburn | |||||||
| Vice Chair | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Dr Kent Ingle | |||||||
| President | 40.00 | Yes (X) | Yes (X) | $301,275 | $0 | $206,216 | |
| Rev John Jordan | |||||||
| Secretary | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Rev David Docusen | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Dino Rizzo | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Douglas Witherup | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Jeffery Portmann | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Jennifer Closshey | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Tommy Barnett | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Mr John Wooton | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Judy Rachels | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Kenneth Draughon | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Victor Smith | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Luke Barnett | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Mark Batterson | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Mark Jakelsky | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Richardo Orsini | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Mr Matt Potter | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Mr Scott Williams | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Roger Archer | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Steven Mason | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Terry Roberts | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Abner Adorno | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Mr Gow Fields | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Richard Wilkerson Sr | |||||||
| Board Member (part year) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Dr Chris Owen | |||||||
| Executive Vice President | 40.00 | Yes (X) | $226,000 | $0 | $170,045 | ||
| Jeffrey B Spear | |||||||
| VP for Finance/CFO | 40.00 | Yes (X) | $223,010 | $0 | $37,704 | ||
| Dr William Hackett | |||||||
| Provost | 40.00 | Yes (X) | $133,709 | $0 | $141,883 | ||
| Mr Roy Rowland IV | |||||||
| VP for Enrollment Management | 40.00 | Yes (X) | $202,538 | $0 | $33,353 | ||
| Mr Justin Lathrop | |||||||
| VP of Strategic Partnerships | 40.00 | Yes (X) | $199,733 | $0 | $40,823 | ||
| Dr Andrew Permenter | |||||||
| VP for Institutional Research | 40.00 | Yes (X) | $126,244 | $0 | $85,928 | ||
| Bethany Thomas | |||||||
| VP for Student Development | 40.00 | Yes (X) | $142,100 | $0 | $29,123 | ||
| Mr Nick Wallsteadt | |||||||
| VP for Unrestricted Education | 40.00 | Yes (X) | $106,457 | $0 | $82,664 | ||
| Susan K Stanley | |||||||
| Associate Professor of Education | 40.00 | $137,375 | $0 | $17,882 | Yes (X) | ||
| Emile Hugo Hawkins | |||||||
| Chair Dept. Entrepreneurial Leader | 40.00 | $133,894 | $0 | $61,238 | Yes (X) | ||
| Amy Bratten | |||||||
| Associate Provost | 40.00 | $117,500 | $0 | $26,899 | Yes (X) | ||
| Steven Henderson | |||||||
| Associate Professor Doctorate Edu. | 40.00 | $110,029 | $0 | $16,018 | Yes (X) | ||
| John Royer | |||||||
| Professor in School of Business | 40.00 | $109,624 | $0 | $15,980 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,269,488 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $965,756 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | 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 |
|---|---|---|---|---|---|
| Chartwells SOUTH Region | |||||
| 2924 Knights Lane E Bldg 5 | Jacksonville | FL | 32216 | Food Service | $5,671,823 |
| The Learning House | |||||
| 427 S 4th Street Suite 300 | Louisville | KY | 40202 | Online Courses Rev Share | $4,511,269 |
| Register Construction & Engineering Inc | |||||
| 3730 New Tampa Hwy | Lakeland | FL | 33815 | Construction | $3,310,662 |
| Follett Higher Education Group | |||||
| 3146 Solutions Center | Chicago | IL | 606773001 | Bookstore | $821,823 |
| Mabe Production & Installation | |||||
| 924 Fairlane Drive Suite 2 | Lakeland | FL | 338093157 | Electricians | $666,464 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 35 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $96,024 | FundraisingAmt |
| All Other Contributions | $2,765,408 | AllOtherContributionsAmt |
| Noncash Contributions | $9,931 | NoncashContributionsAmt |
| Total Contributions | $2,861,432 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and fees | 611600 | $99,039,697 | $99,039,697 |
| Auxiliary enterprises | 611600 | $16,364,155 | $16,364,155 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,607,217 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,607,217 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $117,011,069 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $314,809 | TotalRevenueColumnAmt |
| Exclusion | $314,809 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,000,000 | SecuritiesAmt |
| Other | $50,236 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,000,000 | SecuritiesAmt |
| Other | $37,415 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $12,821 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,821 | TotalRevenueColumnAmt |
| Exclusion | $12,821 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $129,419 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $96,024 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $350,597 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$221,178 | TotalRevenueColumnAmt |
| Exclusion | -$221,178 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| Commissions and rebate | 611710 | $159,545 | $159,545 |
| Debt recoveries | 611710 | $157,066 | $157,066 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $316,611 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $120,295,564 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $117,011,069 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $423,063 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,705,184 | TotalAmt |
| Program Services | $34,705,184 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,494,627 | TotalAmt |
| Program Services | $681,393 | ProgramServicesAmt |
| Management And General | $1,813,234 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,500 | TotalAmt |
| Program Services | $16,409 | ProgramServicesAmt |
| Management And General | $84,091 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,527,302 | TotalAmt |
| Program Services | $32,280,922 | ProgramServicesAmt |
| Management And General | $5,749,446 | ManagementAndGeneralAmt |
| Fundraising | $496,934 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,806,068 | TotalAmt |
| Program Services | $1,516,184 | ProgramServicesAmt |
| Management And General | $270,420 | ManagementAndGeneralAmt |
| Fundraising | $19,464 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,778,748 | TotalAmt |
| Program Services | $4,551,668 | ProgramServicesAmt |
| Management And General | $1,170,696 | ManagementAndGeneralAmt |
| Fundraising | $56,384 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,933,864 | TotalAmt |
| Program Services | $1,547,091 | ProgramServicesAmt |
| Management And General | $367,434 | ManagementAndGeneralAmt |
| Fundraising | $19,339 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $546,275 | TotalAmt |
| Management And General | $546,275 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,591 | TotalAmt |
| Management And General | $103,591 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,481 | TotalAmt |
| Fundraising | $114,481 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,951,519 | TotalAmt |
| Program Services | $2,960,492 | ProgramServicesAmt |
| Management And General | $1,919,095 | ManagementAndGeneralAmt |
| Fundraising | $71,932 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,385,999 | TotalAmt |
| Program Services | $1,372,693 | ProgramServicesAmt |
| Management And General | $13,306 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,767,165 | TotalAmt |
| Program Services | $2,471,198 | ProgramServicesAmt |
| Management And General | $1,282,456 | ManagementAndGeneralAmt |
| Fundraising | $13,511 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $671,758 | TotalAmt |
| Program Services | $100,764 | ProgramServicesAmt |
| Management And General | $537,406 | ManagementAndGeneralAmt |
| Fundraising | $33,588 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,533,102 | TotalAmt |
| Program Services | $2,615,620 | ProgramServicesAmt |
| Management And General | $881,319 | ManagementAndGeneralAmt |
| Fundraising | $36,163 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,997,561 | TotalAmt |
| Program Services | $1,591,664 | ProgramServicesAmt |
| Management And General | $376,509 | ManagementAndGeneralAmt |
| Fundraising | $29,388 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $221,951 | TotalAmt |
| Program Services | $176,852 | ProgramServicesAmt |
| Management And General | $41,834 | ManagementAndGeneralAmt |
| Fundraising | $3,265 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,009,944 | TotalAmt |
| Program Services | $2,887,116 | ProgramServicesAmt |
| Management And General | $111,570 | ManagementAndGeneralAmt |
| Fundraising | $11,258 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,302,670 | TotalAmt |
| Program Services | $7,963,859 | ProgramServicesAmt |
| Management And General | $307,757 | ManagementAndGeneralAmt |
| Fundraising | $31,054 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,013,750 | TotalAmt |
| Program Services | $972,381 | ProgramServicesAmt |
| Management And General | $37,577 | ManagementAndGeneralAmt |
| Fundraising | $3,792 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Online curriculum admin | $4,456,455 | $4,456,455 | ||
| Food service | $3,295,747 | $3,295,747 | ||
| Study abroad/missions | $1,823,477 | $1,648,314 | $127,106 | $48,057 |
| Memberships & events | $1,267,365 | $1,180,180 | $87,185 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $811,112 | TotalAmt |
| Management And General | $741,444 | ManagementAndGeneralAmt |
| Fundraising | $69,668 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,620,215 | TotalAmt |
| Program Services | $108,992,186 | ProgramServicesAmt |
| Management And General | $16,482,566 | ManagementAndGeneralAmt |
| Fundraising | $1,145,463 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,047,405 | BOYAmt |
| EOY | $2,100,111 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $319,731 | BOYAmt |
| EOY | $420,973 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,235,995 | BOYAmt |
| EOY | $5,120,315 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,716 | BOYAmt |
| EOY | $1,870 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $445,988 | BOYAmt |
| EOY | $638,588 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $159,962,230 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $65,785,959 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,656,338 | BOYAmt |
| EOY | $94,176,271 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,521,757 | BOYAmt |
| EOY | $8,896,568 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,145,342 | BOYAmt |
| EOY | $1,022,788 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $562,398 | BOYAmt |
| EOY | $555,361 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,938,670 | BOYAmt |
| EOY | $112,932,845 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,424,718 | BOYAmt |
| EOY | $11,667,755 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $288,903 | BOYAmt |
| EOY | $526,273 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,994,251 | BOYAmt |
| EOY | $2,454,816 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,200,690 | BOYAmt |
| EOY | $56,597,745 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,763,888 | BOYAmt |
| EOY | $12,747,412 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,563,311 | BOYAmt |
| EOY | $4,303,284 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,235,761 | BOYAmt |
| EOY | $88,297,285 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,900,344 | BOYAmt |
| EOY | $12,888,588 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,802,565 | BOYAmt |
| EOY | $11,746,972 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,702,909 | BOYAmt |
| EOY | $24,635,560 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,938,670 | BOYAmt |
| EOY | $112,932,845 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$6,324,651 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$30 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,742,668 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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 | $2,684,691 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,989,064 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,425,534 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,449,323 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,861,432 | CurrentTaxYearAmt |
| Total | $14,410,044 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,684,691 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,989,064 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,425,534 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,449,323 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,861,432 | CurrentTaxYearAmt |
| Total | $14,410,044 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,207,959 | SubstantialContributorsTotAmt |
| Public Support Total170 | $13,202,085 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $182,538 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $135,997 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $162,586 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $101,200 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $314,809 | CurrentTaxYearAmt |
| Total | $897,130 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,057,252 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $663,034 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $759,990 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,618,590 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $446,030 | CurrentTaxYearAmt |
| Total | $4,544,896 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $19,852,070 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $476,965,869 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.66500 | PublicSupportCY170Pct |
| Public Support PY170 | 0.64270 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule A, Part II, Line 10, Explanation of Other Income: | Fundraising event revenue - 2014 Amount: $ 230,605. 2018 Amount: $ 129,419. Misc revenue - 2014 Amount: $ 302,668. 2015 Amount: $ 241,540. 2016 Amount: $ 263,481. 2017 Amount: $ 1,314,158. Commission and rebates - 2014 Amount: $ 417,074. 2015 Amount: $ 348,267. 2016 Amount: $ 416,268. 2017 Amount: $ 185,799. 2018 Amount: $ 159,545. Debt recoveries - 2014 Amount: $ 106,905. 2015 Amount: $ 73,227. 2016 Amount: $ 80,241. 2017 Amount: $ 118,633. 2018 Amount: $ 157,066. |
| Schedule A, Part II: | The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. |
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 D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,521,757 | BeginningYearBalanceAmt |
| Contributions | $394,068 | ContributionsAmt |
| Investment Earnings Or Losses | $317,311 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $135,543 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,097,593 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,640,175 | BeginningYearBalanceAmt |
| Contributions | $533,939 | ContributionsAmt |
| Investment Earnings Or Losses | $488,545 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $140,902 | GrantsOrScholarshipsAmt |
| End Year Balance | $8,521,757 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,235,798 | BeginningYearBalanceAmt |
| Contributions | $373,760 | ContributionsAmt |
| Investment Earnings Or Losses | $1,258,536 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $175,076 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,052,843 | OtherExpendituresAmt |
| End Year Balance | $7,640,175 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,928,110 | BeginningYearBalanceAmt |
| Contributions | $219,093 | ContributionsAmt |
| Investment Earnings Or Losses | $218,246 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $129,651 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,235,798 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,143,479 | BeginningYearBalanceAmt |
| Contributions | $486,090 | ContributionsAmt |
| Investment Earnings Or Losses | $367,426 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $68,885 | GrantsOrScholarshipsAmt |
| End Year Balance | $8,928,110 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,387,942 | OtherCostOrOtherBasisAmt |
| Book Value | $3,387,942 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $127,815,415 | OtherCostOrOtherBasisAmt |
| Depreciation | $54,783,104 | DepreciationAmt |
| Book Value | $73,032,311 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,227,844 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,022,056 | DepreciationAmt |
| Book Value | $6,205,788 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,531,029 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,980,799 | DepreciationAmt |
| Book Value | $11,550,230 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $94,176,271 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Refundable government student loans | $1,087,898 |
| Fair value of interest rate swap agreement | $3,130,611 |
| Deposits | $84,775 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,303,284 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part V, Line 4: | FormAndLineReferenceDesc |
| Explanation | Endowment funds are to be used by the University to fund student scholarships and future campus building projects. Part V, lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2019. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions | ExplanationTxt |
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 | The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). |
| Schedule E, Part I, Line 6 | Southeastern University receives federal and state financial aid and assistance, including Federal Pell grants, Federal Work-Study and Florida Resource Allocation grants. The University has never had its right to financial aid or assistance from a governmental agency revoked. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Program services | Study abroad and missions | $160,368 |
| East Asia and the Pacific | 0 | 0 | Program services | Study abroad and missions | $193,084 |
| Europe (Including Iceland & Greenland) | 0 | 0 | Program services | Study abroad and missions | $343,091 |
| Middle East and North Africa | 0 | 0 | Program services | Study abroad and missions | $330,773 |
| North America - Canada and Mexico | 0 | 0 | Program services | Study abroad and missions | $466,682 |
| South America | 0 | 0 | Program services | Study abroad and missions | $224,715 |
| South Asia | 0 | 0 | Program services | Study abroad and missions | $50,723 |
| Sub-Saharan Africa | 0 | 0 | Program services | Study abroad and missions | $54,041 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $1,823,477 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $1,823,477 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, line 3: | FormAndLineReferenceDesc |
| Explanation | Expenditures are accounted for using the accrual method of accounting. | ExplanationTxt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| Generis Consulting Service | ||||||||
| 6455 E John Crossing STE 275 | John Creek | GA | 30097 | Consulting Services | 0 | $0 | $101,235 | -$101,235 |
| Wealth Engine | ||||||||
| 4340 East West Highway STE 900 | Bethesda | MD | 20814 | Search Platform License & Consulting Services | 0 | $0 | $8,000 | -$8,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $109,235 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$109,235 | TotalNetToOrganizationAmt |
| Licensed States | FL | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Forum/Gala | Event1Nm |
| Gross Receipts Event1 | $225,443 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $96,024 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $129,419 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $11,307 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $21,960 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $317,330 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $225,443 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $96,024 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $129,419 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $11,307 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $21,960 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $317,330 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $350,597 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$221,178 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule G, Part I, Line 2b, Column (v) | FormAndLineReferenceDesc |
| Explanation | The professional fundraising services were consulting in nature, no gross receipts were directly generated from the services provided. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships and tuition assistance | GrantTypeTxt |
| Recipient | 5079 | RecipientCnt |
| Cash Grant | $34,705,184 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The University's scholarship committee is charged with the responsibility of advertising availability of specific scholarships, reviewing applications and awarding scholarships based on need, merit, or other specific requirements put in place by donors of the funds or the University's policies. The scholarships are applied directly to each student's account. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | 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 (11 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr Kent Ingle | ||||||||||||||
| President | $273,800 | $0 | $24,599 | $0 | $2,876 | $0 | $40,368 | $0 | $165,849 | $0 | $507,492 | $0 | $0 | $0 |
| Dr Chris Owen | ||||||||||||||
| Executive Vice President | $207,394 | $0 | $16,836 | $0 | $1,770 | $0 | $18,935 | $0 | $151,110 | $0 | $396,045 | $0 | $0 | $0 |
| Jeffrey B Spear | ||||||||||||||
| VP for Finance/CFO | $220,000 | $0 | $3,010 | $0 | $0 | $0 | $15,400 | $0 | $22,304 | $0 | $260,714 | $0 | $0 | $0 |
| Dr William Hackett | ||||||||||||||
| Provost | $127,300 | $0 | $6,409 | $0 | $0 | $0 | $39,050 | $0 | $102,833 | $0 | $275,592 | $0 | $0 | $0 |
| Mr Roy Rowland IV | ||||||||||||||
| VP for Enrollment Management | $200,000 | $0 | $904 | $0 | $1,634 | $0 | $14,000 | $0 | $19,353 | $0 | $235,891 | $0 | $0 | $0 |
| Mr Justin Lathrop | ||||||||||||||
| VP of Strategic Partnerships | $190,000 | $0 | $8,408 | $0 | $1,325 | $0 | $13,300 | $0 | $27,523 | $0 | $240,556 | $0 | $0 | $0 |
| Dr Andrew Permenter | ||||||||||||||
| VP for Institutional Research | $119,001 | $0 | $7,243 | $0 | $0 | $0 | $34,353 | $0 | $51,575 | $0 | $212,172 | $0 | $0 | $0 |
| Bethany Thomas | ||||||||||||||
| VP for Student Development | $140,000 | $0 | $2,100 | $0 | $0 | $0 | $9,800 | $0 | $19,323 | $0 | $171,223 | $0 | $0 | $0 |
| Mr Nick Wallsteadt | ||||||||||||||
| VP for Unrestricted Education | $103,020 | $0 | $2,005 | $0 | $1,432 | $0 | $10,500 | $0 | $72,164 | $0 | $189,121 | $0 | $0 | $0 |
| Susan K Stanley | ||||||||||||||
| Associate Professor of Education | $137,375 | $0 | $0 | $0 | $0 | $0 | $9,616 | $0 | $8,266 | $0 | $155,257 | $0 | $0 | $0 |
| Emile Hugo Hawkins | ||||||||||||||
| Chair Dept. Entrepreneurial Leader | $133,894 | $0 | $0 | $0 | $0 | $0 | $12,222 | $0 | $49,017 | $0 | $195,133 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. The University paid a nontaxable housing allowance to Dr. Kent Ingle, President; Dr. Chris Owen, Executive Vice President; Dr. Andrew Permenter, VP for Institutional Research, Mr. Nick Wallsteadt, VP for Unrestricted Education and Dr. William Hackett, Provost. Taxable business club dues were paid for Dr. Kent Ingle, President. Nontaxable spousal travel benefits were paid for Dr. Kent Ingle, President. |
| Part I, Line 1b | The organization follows a written policy with regard to the housing allowance and health club dues. There is not a formal written agreement regarding spousal travel, but the requirements have been verbally discussed with those that use this benefit for bona-fide business purposes. |
| Part I, Line 7 | The organization paid discrectionay bonuses to their officers in 2018. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| City of Lakeland | |||||||
| A | 596000354 | 2013-11-26 | $10,000,000 | Educational Facilities Revenue Refunding 12/2/2009 Bonds, Series 2013A | 0 | 0 | 0 |
| City of Lakeland | |||||||
| B | 596000354 | 2013-11-26 | $10,000,000 | Educational Facilities Revenue Refunding 12/2/2009 Bonds, Series 2013B | 0 | 0 | 0 |
| City of Lakeland | |||||||
| C | 596000354 | 2013-11-26 | $10,000,000 | Educational Facilities Revenue Refunding 12/2/2009 Bonds, Series 2013C | 0 | 0 | 0 |
| City of Lakeland | |||||||
| D | 596000354 | 2013-11-26 | $3,360,000 | Educational Facilities Revenue Refunding 2/8/2010 Bonds, Series 2013D | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|
| A | $10,000,000 | $10,000,000 | 2016 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $10,000,000 | $10,000,000 | 2016 | Yes (1) | 0 | Yes (1) | Yes (1) |
| C | $10,000,000 | $10,000,000 | 2016 | Yes (1) | 0 | Yes (1) | Yes (1) |
| D | $3,360,000 | $3,360,000 | 2016 | Yes (1) | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
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 | City of Lakeland | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 596000354 | BondIssuerEIN |
| Bond Issued | 2015-07-13 | BondIssuedDt |
| Issue Price | $33,000,000 | IssuePriceAmt |
| Purpose | Educational Facilities Revenue Bonds, Series 2015 | 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 | $33,000,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $310,000 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $32,690,000 | CapitalExpendituresAmt |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | 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 | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CenterState Bank of | BusinessNameLine1Txt |
| Business Name Line2 | Florida | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 12.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| 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 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Loree Rowland | |||
| Family member of Mr. Roy Rowland IV, VP for Enrollment Managment | $58,425 | Wages | 0 |
| Karissa Wallsteadt | |||
| Family member of Mr. Nick Wallsteadt, VP for Unrestricted Education | $42,075 | Wages | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 1 | The Executive Committee shall consist of the Chair of the Board of Trustees, the Vice Chair of the Board of Trustees, the Secretary of the Board of Trustees, the President of Southeastern University, the Academic Affairs Committee Chair, the Finance and Audit Committee Chair, and up to three (3) trustees at large selected by the Board of Trustees. The at large members of the Executive Committee shall serve for one (1) year terms, and may be reelected with limits. The Chairs of the Board of Trustees shall serve as the Executive Committee Chair. The Executive Committee shall have delegated authority from the Board of Trustees to address routine business matters between regular board meetings and to assist the Chair of the Board of Trustees and the President in their joint responsibility to help the Board to function effectively and efficiently by suggesting board meeting agenda items and periodically assessing the quality of committee work. The Executive Committee shall have delegated authority to act for the Board of Trustees on all matters except for the following, which shall be reserved for the Board: election or removal of the President; election or removal of a member of the Board of Trustees or a Board officer; changes to the articles of incorporation or bylaws of the corporation; change of the University's mission; incurring of University indebtedness other than indebtedness in the ordinary course of business; sale of University assets or tangible property other than in the ordinary course of business; adoption of the annual budget; and conferral of degrees. |
| Form 990, Part VI, Section A, line 2 | Dr. William Hackett, Provost and Dr. Chris Owen, Executive Vice President have a family relationship. |
| Form 990, Part VI, Section B, line 11b | Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of trustees electronically for review. The board of trustees is given a date by which to respond prior to filing with the IRS. |
| Form 990, Part VI, Section B, line 12c | A conflict of interest exists when any board members and employees of Southeastern University has a relationship with, or engages in an activity with, any individual or organization which impairs or adversely influences his or her judgment with respect to policy promoting the best interest of Southeastern University or which impairs or adversely influences the performance of his or her duties to the University. A conflict of interest exists when a person benefits financially, either directly or indirectly, from his or her employment or appointment by the University except for compensation and financial benefits paid or granted by the University. All decisions of the board of trustees and administration of the University shall be made solely on the basis of a desire to promote the best interests of the University. In any case, where a conflict of interest exists, or may exist, or the appearance of a conflict of interest may exist, it shall be the duty of the person covered by the policy to disclose his or her interest, including any interest in the organization or entity which may benefit from the person's association with the University and including any such beneficial interest a member of the person's immediate family may have because of the person's association with the University. Persons who perceive the existence of a conflict of interest shall not endeavor to resolve the conflict or determine that the external benefits will not adversely affect the University; but shall make a full disclosure of the facts, circumstances, relationships and transaction as follows: 1. President shall report to the Board of Trustees. 2. Vice Presidents shall report to the President. 3. Other employees shall report to their respective Vice President. Persons covered by this policy are encouraged to avoid relationships and transactions which constitute a conflict of interest. When such situations cannot be avoided, the persons involved shall refrain from participating in consideration of the transaction affected by the conflict of interest, unless under special circumstances the University determines that their participation is imperative for the welfare of the University. If such a waiver is indicated, it shall be in writing and signed by the President and a copy of the waiver shall be provided to the Chairman of the Board of Trustees. Disclosure is also required concerning all relationships and business affiliations which reasonably could give rise to a conflict of interest involving the University. Such disclosure shall be continuously reported and kept current. The disclosures required under this policy statement shall be reported annually to the Finance & Audit Committee. The information disclosed shall be held in confidence except when, in the judgment of the Finance & Audit Committee, the best interests of the University would be served by disclosing the information to the board of trustees. Individuals who are deemed to be in a conflict of interest situation with respect to any matter before the administration or the Board shall refrain from participating in the consideration of the proposed transaction, unless specifically requested to provide information regarding the transaction in question. At the Board's discretion, the interested person may be required to leave the meeting during the discussion of, and vote on, the transaction or arrangement involving the possible conflict of interest. Such person shall not vote on or take any position for or against the proposed transaction. When deemed appropriate, a notation may be made in the minutes of the meeting that the person involved neither participated in the consideration of the proposed transaction nor voted on the matter. |
| Form 990, Part VI, Section B, line 15 | The administration of wages and salaries functions under the direction of the Board of Trustees and the President of the University. The wage and salary plan is administered by the office of human resources and reviewed annually by the Finance & Audit Committee before presentation to the Board of Trustees for final approval. In reviewing the wage structure, consideration is given to the prevailing rates for comparable work in the Lakeland area, the current cost of living, salary levels of related organizations, and the economic condition of the University. The determination of the President's compensation is the responsibility of the Executive Committee which makes a recommendation to the Board of Trustees for final approval. The process includes a performance review and the study of comparable compensation data from peer institutions. In addition to the compensation factors described above, the recommendation for any particular year shall take into account regional economic information and the financial condition of the University. The Executive Committee and the Board of Trustees maintains a detailed record of the meetings and discussions relative to executive compensation. Meanwhile, the President recommends the compensation of other officer and key employees to the Executive Committee which makes the final determination. Information described in the determination of the President's compensation is also used for that of officers and key employees. This process includes regular review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. |
| Form 990, Part VI, Section C, line 19 | The governing documents, conflict of interest policy and financial statements are available upon request. |
| Form 990, Part VII, Section A, Line 1a | Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. |
| Form 990, Part X, Lines 27-29: | In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $12,888,588 Line 29 - Net assets with donor restrictions $11,746,972 Total net assets $24,635,560 |
| Form 990, Part XI, line 9: | Change in interest rate swap -1,742,668. |
| Form 990, Part XII, Line 2c | The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Southeastern University Foundation Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10000 Longfellow Blvd | AddressLine1Txt |
| City | Lakeland | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463844101 | EIN |
| Primary Activities | Fundraising for Southeastern University | PrimaryActivitiesTxt |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 12b, II | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Southeastern University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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