2019-02-25T10:00:07-06:00 2018-06-30 Grant Thornton LLP 200 South Orange Avenue Suite 2050 Orlando FL 32801 990 2017-07-01 591237047 Saint Leo University % JOHN NISBET SAIN 3525888215 33701 State Road 52 Saint Leo FL 335746665 JEFFREY SENESE PRESIDENT 3525888215 2019-02-15 true Paul Hagge P00543988 4074815100 2019-02-19 209.220.136.124 05160520190565000000 2019-02-25 P 6B7F49D81BE0AEDDD8EB70EFAA0A248AA1399C85 5CEFBF71799C02488B1598228EF6275FA06153F2 2017 2019-02-21 02:37:17Z Jeffrey Senese PhD 33701 State Road 52 Saint Leo FL 335746665 285428819 false 0928 X www.saintleo.edu X 1965 FL SAINT LEO UNIVERSITY IS A CATHOLIC, LIBERAL ARTS-BASED UNIVERSITY SERVING PEOPLE OF ALL FAITHS. 35 35 3234 0 17144 3567405 2301666 181397115 169969503 3329921 4282372 -73824 547486 188220617 177101027 23759736 21142470 0 0 99421612 104285525 0 0 2960425 61244460 56115797 184425808 181543792 3794809 -4442765 241850728 233898505 65414506 61286682 176436222 172611823 X SAINT LEO UNIVERSITY IS A CATHOLIC, LIBERAL ARTS-BASED UNIVERSITY SERVING PEOPLE OF ALL FAITHS. For more information see Schedule O. false false 132349343 21142470 153851752 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. 18629169 16117751 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 2,200 for the FY18 fiscal year. 150978512 true true false false false false false true true true true true false false false true true false true false true false true false true false false false true true true false false false false false false false false false false false false false false false false false false false true 286 0 true 3234 true true true false false false false true true false false false false X 35 35 false false false false false false false true true false false true true true true true true true true false CA FL X JOHN NISBET 3525888215 P O BOX 6665 SAINT LEO FL 33574 X William Lennox JrThru 63018 President (Non-Voting) 60.0 0.0 X X 442417 0 70340 Roberta Bailey Trustee 1.0 0.0 X 0 0 0 Peter Biscardi Trustee 1.0 0.0 X 0 0 0 Neil Boeke Trustee 1.0 0.0 X 0 0 0 Cynthia Brannen Trustee 1.0 0.0 X 0 0 0 Robert Cabot Trustee 1.0 0.0 X 0 0 0 Abbot Isaac J Camacho Trustee 1.0 0.0 X 0 0 0 Anthony Gerbino Trustee 1.0 0.0 X 0 0 0 Richard W Johnson Trustee 1.0 0.0 X 0 0 0 Virginia M Judge Trustee 1.0 0.0 X 0 0 0 Thamir A R Kaddouri Jr Trustee/Secretary 1.0 0.0 X X 0 0 0 Paul H Lehner Trustee 1.0 0.0 X 0 0 0 Terrence G Linnert Trustee 1.0 0.0 X 0 0 0 Michael Lombardy Trustee 1.0 0.0 X 0 0 0 Allan J Luihn Trustee 1.0 0.0 X 0 0 0 Nadeem Mazhar Trustee 1.0 0.0 X 0 0 0 Sheila M McDevitt Trustee 1.0 0.0 X 0 0 0 Joseph A McGee Trustee 1.0 0.0 X 0 0 0 D Dewey Mitchell Trustee/Vice Chair 1.0 0.0 X 0 0 0 Robert F Morris Trustee 1.0 0.0 X 0 0 0 Edwin Narain Trustee 1.0 0.0 X 0 0 0 Laura O'Donoghue Trustee 1.0 0.0 X 0 0 0 Mary O'Keefe Trustee/Chair 1.0 0.0 X X 0 0 0 John P O'Leary Trustee 1.0 0.0 X 0 0 0 Robert L Padala Trustee 1.0 0.0 X 0 0 0 Mary B Arnheiter Palazzo Trustee 1.0 0.0 X 0 0 0 Bishop Gregory Parkes Trustee 1.0 0.0 X 0 0 0 Thomas D Peschio Trustee 1.0 0.0 X 0 0 0 John Picciano Trustee 1.0 0.0 X 0 0 0 Brian Quinn Trustee 1.0 0.0 X 0 0 0 William J Reagan Trustee 1.0 0.0 X 0 0 0 Kathryn Simpson Trustee 1.0 0.0 X 0 0 0 Zenith Taylor Trustee 1.0 0.0 X 0 0 0 Pat Thompson Trustee 1.0 0.0 X 0 0 0 John E View Trustee 1.0 0.0 X 0 0 0 Eric B Weekes CFO/Vice President(Non-Voting) 60.0 0.0 X X 271420 0 31738 Joseph P Connellan Trustee 1.0 0.0 X 0 0 0 Michael Nastanski Vice President 60.0 0.0 X 279877 0 34700 Melanie Storms Senior Vice President 60.0 0.0 X 276875 0 28092 Dennis Moller Vice President 60.0 0.0 X 267368 0 28018 Edward Dadez Vice President 60.0 0.0 X 279936 0 32308 Vijay Sonty CIO 60.0 0.0 X 232260 0 27207 2050153 0 252403 109 false true false Brick House Marketing 301 W Platt Street Suite 102 TAMPA FL 33606 Marketing-Leads 2665057 Kenneth Cook DBA Cloud Control Medi 1000 Bestgate Road Suite 302 ANNAPOLIS MD 21146 Marketing-Leads 2093277 Education Dynamics LLC 5 Marie View Plaza HOBOKEN NJ 07030 Marketing-Leads 924718 CMNCOM LLC 1001 McKinney Suite 400 HOUSTON TX 77002 Marketing-Leads 859710 Extensys 253 Pine Avenue N Building B OLDSMAR FL 34677 Computer Networking 754846 45 145356 1727108 429202 6600 2301666 TUITION AND FEES 611430 153851752 153851752 SALE OF AUXILIARY ENTERPRISES 611710 15634979 15634979 CAMPS/CONFERENCES 900009 199067 181923 17144 ALL OTHER REVENUE 900009 283705 283705 169969503 1593807 1593807 0 0 24376 18839 5537 0 5537 5537 96822333 14007129 93558707 14582190 3263626 -575061 2688565 2688565 42093 145356 168056 -125963 -125963 0 0 0 0 0 0 CATERING 23452 23452 COMMISSIONS 27923 27923 GRANT ADMINISTRATION FEES 252590 252590 363947 363947 667912 177101027 170620271 17144 4161946 0 17347585 17347585 3794885 3794885 0 863915 863915 0 79038531 65673372 11620479 1744680 3870063 3215648 568988 85427 14373004 11705559 2317843 349602 6140012 5058696 933926 147390 0 101057 101057 122925 122925 0 0 282394 714 281680 15894730 13754975 2011685 128070 3566083 3511012 43250 11821 5065591 4226606 655290 183695 4505587 910554 3573525 21508 0 1940860 1753590 170283 16987 2267265 1823707 369431 74127 0 421871 333720 83479 4672 1305735 1305735 0 8949682 8424981 524701 2476556 2274658 201898 STUDENT ACTIVITIES 1133079 872474 106242 154363 CREDIT CARD FEES 656170 140999 508705 6466 EDUCATIONAL MATERIAL 807069 806969 100 0 DUES/SUBSCRIPTIONS 633817 290372 311828 31617 5985326 5057436 927890 181543792 150978512 27604855 2960425 11502758 3754252 3112797 4749897 3065103 2253215 8450961 6602823 11220 0 0 0 0 0 354377 420111 2991264 3576766 216974974 82272030 139226598 134702944 64518842 58025675 3499592 13576325 602024 658795 0 0 4515192 5577702 241850728 233898505 15497525 13295185 75813 89809 531643 446213 49148484 47287203 161041 168272 0 0 0 0 0 0 0 0 65414506 61286682 X 157946637 153648551 5808648 5843862 12680937 13119410 176436222 172611823 241850728 233898505 X -4442765 -648891 1267257 X false true X true true true X 1747926 X X false true true X 64153668 474653 3281633 325851 67584103 58074647 50653 6403867 375499 64153668 53955716 5438500 -891658 427910 58074648 53014269 627651 602812 289016 53955716 39757379 6255016 7263515 261641 53014269 0.81100 0.18900 true false 5631483 5631483 147159229 46018544 101140685 1438374 1147603 290771 30516960 23592227 6924733 32228929 11513657 20715272 134702944 HEDGE FUNDS 2025014 F EMERGING MARKETS FUNDS 4583504 F FIXED INCOME FUNDS 3394152 F BENEFICIAL INTEREST IN TRUST 3573655 F 13576325 0 0 X 156596509 -648891 1454152 805261 155791248 49567 21260212 21309779 177101027 160420908 186895 186895 160234013 49567 21260212 21309779 181543792 SCHEDULE D, 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 Colleges students, employees and visitors. SCHEDULE D, PART IV, LINE 2B CLUB AND FRATERNITY DEPOSITS ARE HELD FOR USE BY SLU CLUB AND FRATERNITIES. SCHEDULE D, 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. SCHEDULE D, 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. SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH REVENUE PER RETURN: RENTAL EXPENSE $18,839 FUNDRAISING EXPENSE $168,056 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $1,267,257 ------------ TOTAL $ 1,454,152 ============ SCHEDULE D, PART XI, LINE 4B UNIVERSITY FUNDED SCHOLARSHIP ALLOWANCE $ 21,260,212 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH EXPENSES PER RETURN: RENTAL EXPENSE $18,839 FUNDRAISING EXPENSE $168,056 -------- TOTAL $186,895 ======== SCHEDULE D, PART XII, LINE 4B UNIVERSITY FUNDED SCHOLARSHIP ALLOWANCE $ 21,260,212 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 YES, THE NONDISCRIMINATORY POLICY ADS RUN IN NEWSPAPERS EACH CALENDAR YEAR IN EVERY UNIVERSITY LOCATION. SCHEDULE E, PART I, LINE 6A THE COLLEGE PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS, WHICH ARE LISTED BELOW. THESE PROGRAMS ARE AUDITED ANNUALLY IN ACCORDANCE WITH RELATED REGULATIONS. STUDENT FINANCIAL ASSISTANCE U.S. DEPARTMENT OF EDUCATION: FEDERAL PELL GRANT PROGRAM FEDERAL WORK STUDY PROGRAM FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS FEDERAL DIRECT STUDENT LOAN PROGRAM ACADEMIC COMPETITIVENESS GRANT NATIONAL SCIENCE & MATHEMATICS ACCESS TO RETAIN TALENT GRANT BYRD HONORS SCHOLARSHIP STATE FINANCIAL ASSISTANCE FLORIDA DEPARTMENT OF EDUCATION AND COMMISSIONER OF EDUCATION: FLORIDA RESIDENT ACCESS GRANT FLORIDA STUDENT ASSISTANCE GRANT FLORIDA BRIGHT FUTURES SCHOLARSHIP PROGRAM SCHOLARSHIPS FOR CHILDREN AND SPOUSES OF DECEASED OR DISABLED VETERANS AND SERVICE MEMBERS MINORITY TEACHER SCHOLARSHIP PROGRAM FLORIDA COMMISSIONER OF EDUCATION true North America Grantmaking 337999 Europe (Including Iceland and Greenland) Grantmaking 1528985 South America Grantmaking 218410 Middle East and North Africa Grantmaking 74408 Sub-Saharan Africa Grantmaking 136487 Russia and the Newly Independent States Grantmaking 49525 South Asia Grantmaking 35735 Central America and the Caribbean Grantmaking 1330789 East Asia and the Pacific Grantmaking 82547 3794885 3794885 Annual Central America and the Caribbean 1 14030 FIN AID 0 FMV Athletic South America 1 20500 FIN AID 0 FMV Athletic South America 1 15060 FIN AID 0 FMV Athletic North America 15 316749 FIN AID 0 FMV Athletic South America 1 28535 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 3 54250 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 1 34132 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 2 26625 FIN AID 0 FMV Athletic South America 2 16500 FIN AID 0 FMV Athletic Middle East and North Africa 1 10000 FIN AID 0 FMV Athletic Central America and the Caribbean 1 11500 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 1 12380 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 6 155248 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 11 231548 FIN AID 0 FMV Athletic Sub-Saharan Africa 1 1542 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 1 17970 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 2 44815 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 4 102860 FIN AID 0 FMV Athletic East Asia and the Pacific 2 35217 FIN AID 0 FMV Athletic Sub-Saharan Africa 2 52375 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 3 39200 FIN AID 0 FMV Athletic East Asia and the Pacific 1 17830 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 2 57750 FIN AID 0 FMV Athletic South America 1 9618 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 6 107336 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 1 12000 FIN AID 0 FMV Athletic Russia and the Newly Independent States 1 34525 FIN AID 0 FMV Athletic Sub-Saharan Africa 1 17955 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 1 34230 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 2 50552 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 9 180792 FIN AID 0 FMV Athletic Central America and the Caribbean 1 12750 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 1 16740 FIN AID 0 FMV Athletic Europe (Including Iceland and Greenland) 12 215322 FIN AID 0 FMV Athletic South America 1 21217 FIN AID 0 FMV Athletic Russia and the Newly Independent States 1 15000 FIN AID 0 FMV Athletic South America 2 34325 FIN AID 0 FMV Endowments Central America and the Caribbean 10 112145 FIN AID 0 FMV Endowments Central America and the Caribbean 1 11800 FIN AID 0 FMV Endowments Central America and the Caribbean 1 14750 FIN AID 0 FMV Endowments Central America and the Caribbean 1 17500 FIN AID 0 FMV Endowments Central America and the Caribbean 10 190164 FIN AID 0 FMV Endowments Central America and the Caribbean 1 12135 FIN AID 0 FMV Endowments South America 1 9000 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 1 4500 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 2 10500 FIN AID 0 FMV Institutional Merit East Asia and the Pacific 2 11500 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 46 330637 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 1 27787 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 3 10000 FIN AID 0 FMV Institutional Merit South America 3 17750 FIN AID 0 FMV Institutional Merit Sub-Saharan Africa 1 10500 FIN AID 0 FMV Institutional Merit North America 3 9750 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 7 34250 FIN AID 0 FMV Institutional Merit East Asia and the Pacific 3 8000 FIN AID 0 FMV Institutional Merit South America 1 5500 FIN AID 0 FMV Institutional Merit Europe (Including Iceland and Greenland) 1 5000 FIN AID 0 FMV Institutional Merit Sub-Saharan Africa 2 5500 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 1 4000 FIN AID 0 FMV Institutional Merit Europe (Including Iceland and Greenland) 2 19000 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 3 11500 FIN AID 0 FMV Institutional Merit South America 1 10500 FIN AID 0 FMV Institutional Merit Middle East and North Africa 1 5000 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 2 7750 FIN AID 0 FMV Institutional Merit Sub-Saharan Africa 1 10000 FIN AID 0 FMV Institutional Merit Europe (Including Iceland and Greenland) 2 11500 FIN AID 0 FMV Institutional Merit Sub-Saharan Africa 1 500 FIN AID 0 FMV Institutional Merit Europe (Including Iceland and Greenland) 1 4500 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 1 3000 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 17 151350 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 5 34750 FIN AID 0 FMV Institutional Merit Europe (Including Iceland and Greenland) 1 10430 FIN AID 0 FMV Institutional Merit Europe (Including Iceland and Greenland) 1 1500 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 23 262456 FIN AID 0 FMV Institutional Merit East Asia and the Pacific 1 10000 FIN AID 0 FMV Institutional Merit Sub-Saharan Africa 1 5100 FIN AID 0 FMV Institutional Merit North America 1 11500 FIN AID 0 FMV Institutional Merit South America 1 3000 FIN AID 0 FMV Institutional Merit Middle East and North Africa 16 34753 FIN AID 0 FMV Institutional Merit Sub-Saharan Africa 3 12250 FIN AID 0 FMV Institutional Merit Middle East and North Africa 2 4750 FIN AID 0 FMV Institutional Merit Europe (Including Iceland and Greenland) 3 11750 FIN AID 0 FMV Institutional Merit Europe (Including Iceland and Greenland) 1 1250 FIN AID 0 FMV Institutional Merit South Asia 2 22475 FIN AID 0 FMV Institutional Merit Sub-Saharan Africa 2 15065 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 2 19750 FIN AID 0 FMV Institutional Merit Europe (Including Iceland and Greenland) 1 2250 FIN AID 0 FMV Institutional Merit Central America and the Caribbean 1 3500 FIN AID 0 FMV Institutional Merit South America 4 15000 FIN AID 0 FMV Institutional Merit Middle East and North Africa 1 2250 FIN AID 0 FMV Need Based South America 1 1000 FIN AID 0 FMV Need Based Central America and the Caribbean 1 1500 FIN AID 0 FMV Need Based Middle East and North Africa 1 1200 FIN AID 0 FMV Other Educational Central America and the Caribbean 1 4470 FIN AID 0 FMV Other Educational Europe (Including Iceland and Greenland) 2 18360 FIN AID 0 FMV Other Educational South America 2 10905 FIN AID 0 FMV Other Educational Europe (Including Iceland and Greenland) 1 3825 FIN AID 0 FMV Other Educational Europe (Including Iceland and Greenland) 1 10845 FIN AID 0 FMV Other Educational South Asia 1 13260 FIN AID 0 FMV Other Educational Europe (Including Iceland and Greenland) 1 11835 FIN AID 0 FMV Other Educational Middle East and North Africa 1 7515 FIN AID 0 FMV Other Educational Sub-Saharan Africa 1 5700 FIN AID 0 FMV Other Educational Middle East and North Africa 1 8940 FIN AID 0 FMV Other Educational Europe (Including Iceland and Greenland) 2 23190 FIN AID 0 FMV Other Educational Central America and the Caribbean 1 12315 FIN AID 0 FMV false false false false false false SCHEDULE F, 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. SOS Golf 48890 30479 18411 400 6350 3213 254 Alumni Weekend 19126 3631 15495 2925 16187 25049 31335 32110 2 119433 111246 8187 18000 32233 187449 145356 42093 2925 400 22537 46262 31335 64597 168056 -125963 true Annual 53 23260 0 Athletics 199 1095046 0 Endowments 330 219129 0 Merit 3175 11350052 0 Need Based 1444 5623688 0 SCHEDULE I, 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 DISBUSEMENTS ARE CONSIDERED FOR FINANCIAL AID. ALL SCHOLARSHIPS AWARDED TO STUDENTS MAY ONLY BE USED TO DEFRAY THE EDUCATIONAL COSTS OF MARTICULATING 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 X true true X X X X false false false false false false false true false William Lennox JrThru 63018 President (Non-Voting) 430000 0 0 0 12417 0 24300 0 46040 0 512757 0 0 0 Eric B Weekes CFO/Vice President(Non-Voting) 241254 0 25000 0 5166 0 21713 0 10025 0 303158 0 0 0 Michael Nastanski Vice President 236921 0 25000 0 17956 0 24300 0 10400 0 314577 0 0 0 Melanie Storms Senior Vice President 246875 0 30000 0 0 0 12402 0 15690 0 304967 0 0 0 Dennis Moller Vice President 231975 0 30000 0 5393 0 20878 0 7140 0 295386 0 0 0 Edward Dadez Vice President 252440 0 10000 0 17496 0 22720 0 9588 0 312244 0 0 0 Vijay Sonty CIO 217060 0 15200 0 0 0 19535 0 7769 0 259564 0 0 0 SCHEDULE J, PART I, LINE 1A The College periodically provides certain taxable fringe benefits to the individuals reported in the Form 990, Schedule J. In 2017, the following individuals received these taxable fringe benefits: WILLIAM J LENNOX, JR: AUTOMOBILE ALLOWANCE $10,750 TRAVEL ALLOWANCE $1,667 THE HOUSE ALLOWANCE IS FOR KEEPING DR. LENNOX'S HOUSE OPEN FOR UNIVERSITY FUNCTIONS. SOCIAL CLUB DUES: ERIC WEEKES $5,166 MICHAEL NASTANSKI $384 DENNIS MOLLER $5,393 THESE BENEITS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). SCHEDULE J, PART 1, LINE 7 Each year, the Chair of the Board appoints three members of the Board of Trustees to serve with the Chair and the Vice Chair on the Compensation Committee of the Board. The Compensation Committee meets with the President to establish goals and benchmarks. At the end of the Academic Year, the Committee reviews the Presidents performance and makes a recommendation as to whether a salary increase and/or bonus is merited and, if so, the amount to be paid. This recommendation is reviewed by the Executive Committee of the Board for approval. When a new president is appointed, the Chair of the Board retains the services of an external compensation consultant. Based upon the information received, the Compensation Committee makes a recommendation. The Executive Committee reviews this recommendation and, if approved, the Chair presents the terms of the presidential contract to the Board for approval. If the president wishes to reward senior administrators who report directly to him with a bonus, the president presents his recommendations to the Compensation Committee. The Compensation Committee reviews and approves the payment of these bonuses. Other employees may also receive bonuses based upon the recommendation of their vice president; these bonuses must be approved by the president. A HIGHER EDUCATIONAL FACILITES FINANCING AUTHORITY 900058227 2012-12-09 30000000 See Part V false false false B HIGHER EDUCATIONAL FACILITES FINANCING AUTHORITY 900058227 2012-12-09 27685000 See Part V false false false A 8049109 0 30000000 0 0 0 0 0 0 0 30000000 0 2012 true false true true B 1865104 0 27685000 0 0 0 0 0 0 0 27685000 0 2012 true false true true A false false false false 0 false false false false B false false false false 0 false false false false A false false false true true true BB&T 8.6 true false false 0 false false B false false false true true true BB&T 10.7 true false false 0 false false A false B false SCHEDULE K, PART I, COLUMN F DESCRIPTION OF PURPOSE THE UNIVERSITYS BOND ISSUANCE WAS USED TO REFUND ITS HEFFA REVENUE BOND SERIES 2010 AND SERIES 2010A BONDS. THESE BONDS WERE INITIALLY OBTAINED TO FINANCE THE CONSTRUCTION OF STUDENT RESIDENTIAL BUILDINGS AND OTHER EDUCATIONAL FACILITIES ON CAMPUS. NONE OF THE BOND FINANCED BUILDINGS ARE BEING USED IN A PRIVATE USE. SCHEDULE K, PART IV, LINE 2C THE UNIVERSITY ENGAGED AN INDEPENDENT THIRD PARTY BOND CONSULTANT TO PERFORM AN INTERIM ARBITRAGE REBATE COMPUTATION IN NOVEMBER OF 2018. THE REPORT CONCLUDED THAT NO REBATE IS DUE ON THE BONDS. Form 990, Part III, Line 1 SAINT LEO UNIVERSITY IS A CATHOLIC, LIBERAL ARTS-BASED UNIVERSITY SERVING PEOPLE OF ALL FAITHS. ROOTED IN THE 1,500 YEAR OLD BENEDICTINE TRADITION, THE UNIVERSITY SEEKS BALANCED GROWTH IN MIND, BODY AND SPIRIT FOR ALL MEMBERS OF ITS COMMUNITY. ON ITS HOME CAMPUS AND MANY EXTENSION CENTERS, SAINT LEO UNIVERSITY OFFERS A PRACTICAL EFFECTIVE MODEL FOR LIFE AND LEADERSHIP IN A CHALLENGED WORLD, A MODEL BASED ON STEADFAST, MORAL CONSCIOUSNESS THAT RECOGNIZES THE DIGNITY, VALUE AND GIFTS OF ALL PEOPLE. TO ACCOMPLISH ITS MISSION, THE UNIVERSITY COMMUNITY CREATES A STUDENT-CENTERED ENVIRONMENT IN WHICH LOVE OF LEARNING IS OF PRIME IMPORTANCE. MEMBERS OF THE COMMUNITY ARE EXPECTED TO EXAMINE AND EXPRESS THEIR OWN VALUES, LISTEN RESPECTFULLY TO AND RESPOND TO THE OPINIONS OF OTHERS, SERVICE THE COMMUNITY IN WHICH THEY LIVE, WELCOME OTHERS INTO THEIR LIVES AND CARE FOR ALL OF GOD'S CREATIONS. Form 990, Part III, Line 4A Our liberal arts campus, located 30 miles north of Tampa, educates just over 2,200 students. Total enrollment across our Central Florida campus, more than 35 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, and College of Education & Social Services. 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 nations 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 thats 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. Form 990, Part VI, Line 1A 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 BOARDS 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 PROPRTY VALUED GREATER THAN $250,000; ADOPTION OF THE ANNUAL BUDGET; AND CONFERRAL OF DEGREES. FORM 990, PART VI, 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 THE 990 AND ANSWER ANY 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, 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. STATEMENT MAY BE CHANGED FROM TIME TO TIME BY THE BOARD. FORM 990, PART VI, LINE 15A 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, 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 VICE PRESIDENT OF ACADEMIC AFFAIRS VICE PRESIDENT OF CONTINUING EDUCATION AND STUDENT SERVICES VICE PRESIDENT OF BUSINESS VICE PRESIDENT OF ENROLLMENT VICE PRESIDENT OF UNIVERSITY ADVANCEMENT ASSOCIATE VICE PRESIDENT FOR TECHNOLOGY SERVICES UNIVERSITY GENERAL COUNSEL ASSOCIATE VICE PRESIDENT OF BUSINESS AFFAIRS DEAN OF BUSINESS DEAN OF ARTS AND SCIENCES DEAN OF EDUCATION AND SOCIAL SERVICES DIRECTOR OF THE CENTER FOR ONLINE LEARNINGS FORM 990, PART VI, 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 OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 692,196