2018-05-04T09:26:14-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 402 SOUTH KENTUCKY AVENUE SUITE 600 LAKELAND FL 33801 990 2016-07-01 590722789 SOUTHEASTERN UNIVERSITY SOUT 8636675000 1000 LONGFELLOW BOULEVARD LAKELAND FL 33801 JEFFREY B SPEAR VP FOR FINANCE 8636675000 2018-05-02 1 AMY CHAPMAN P00843460 8636805600 2018-05-02 2016 2022-09-23 18:48:47Z JEFFREY B SPEAR 1000 LONGFELLOW BOULEVARD LAKELAND FL 33801 110841961 0 X WWW.SEU.EDU X 1935 FL TO PROVIDE EDUCATION IN A CHRIST-CENTERED, STUDENT-FOCUSED ENVIRONMENT. 24 23 1729 200 0 0 2989064 3425534 77903193 91370261 810030 760657 3703205 4455962 85405492 100012414 22740691 27433310 0 0 37131229 41826797 0 0 1294404 26128838 31326977 86000758 100587084 -595266 -574670 110224834 121487503 76172253 84300323 34052581 37187180 X FROM ITS INCEPTION IN 1935, SOUTHEASTERN UNIVERSITY HAS BEEN A CHRIST-CENTERED, STUDENT-FOCUSED UNIVERSITY. SOUTHEASTERN UNIVERSITY EXISTS TO EQUIP STUDENTS TO DISCOVER AND DEVELOP THEIR DIVINE DESIGN TO SERVE CHRIST AND THE WORLD THROUGH SPIRIT-EMPOWERED LIFE, LEARNING AND LEADERSHIP. IT IS UNIQUE IN ITS APPROACH OF DEVELOPING LEADERS WHO WILL CHANGE THE WORLD THROUGH SERVANT LEADERSHIP. SOUTHEASTERN UNIVERSITY HAS RESTED ON A SOLID FOUNDATION OF VISION AND FAITH AS THE SCHOOL HAS EVOLVED THROUGH THE YEARS. 0 0 90593703 27433310 95826223 EDUCATION - ASSOCIATED WITH THE ASSEMBLIES OF GOD DENOMINATION, SOUTHEASTERN UNIVERSITY ENROLLS OVER 7,000 STUDENTS, BOTH TRADITIONAL AND NONTRADITIONAL, WHO REPRESENT A VARIETY OF DENOMINATIONS, PERSONAL INTERESTS, BACKGROUNDS, STATES AND COUNTRIES. SOUTHEASTERN UNIVERSITY OFFERS 70 UNDERGRADUATE DEGREE PROGRAMS AND 20 GRADUATE PROGRAMS, INCLUDING 5 DOCTOR DEGREES. CLASSES ARE OFFERED IN TRADITIONAL, ONLINE, 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. 90593703 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 132 0 1729 1 0 0 0 0 0 0 0 0 0 0 X 24 23 1 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X MARK A BIDDINGER 8636675729 1000 LONGFELLOW BLVD LAKELAND FL 33801 REV TERRY RABURN CHAIR 3.00 X X 0 0 0 REV WAYNE BLACKBURN VICE CHAIR 3.00 X X 0 0 0 DR KENT INGLE PRESIDENT 40.00 1.00 X X 244201 0 116708 REV JOHN JORDAN SECRETARY 3.00 X X 0 0 0 MR WILLIAM MUTZ BOARD MEMBER 1.00 1.00 X 0 0 0 REV DAVID DOCUSEN BOARD MEMBER 1.00 X 0 0 0 REV DINO RIZZO BOARD MEMBER 1.00 X 0 0 0 REV DOUGLAS WITHERUP BOARD MEMBER 1.00 X 0 0 0 MR GOW FIELDS BOARD MEMBER 1.00 X 0 0 0 REV JEFFERY PORTMANN BOARD MEMBER 1.00 X 0 0 0 MRS JENNIFER CLOSSHEY BOARD MEMBER 1.00 1.00 X 0 0 0 REV JUDY RACHELS BOARD MEMBER 1.00 X 0 0 0 REV KENNETH DRAUGHON BOARD MEMBER 1.00 X 0 0 0 REV VICTOR SMITH BOARD MEMBER 1.00 X 0 0 0 REV LUKE BARNETT BOARD MEMBER 1.00 X 0 0 0 REV MARK BATTERSON BOARD MEMBER 1.00 X 0 0 0 REV MARK JAKELSKY BOARD MEMBER 1.00 X 0 0 0 REV RICARDO ORSINI BOARD MEMBER 1.00 X 0 0 0 REV RICHARD WILKERSON SR BOARD MEMBER 1.00 X 0 0 0 REV ROGER ARCHER BOARD MEMBER 1.00 X 0 0 0 REV STEVEN MASON BOARD MEMBER 1.00 X 0 0 0 REV TERREY ROBERTS BOARD MEMBER 1.00 X 0 0 0 REV TOMMY MOORE BOARD MEMBER 1.00 X 0 0 0 REV ABNER ADORNO BOARD MEMBER 1.00 X 0 0 0 BRIAN CARROLL -TERMINATED 0117 EXECUTIVE VICE PRESIDENT 40.00 5.00 X 310246 0 5042 DR CHRIS OWEN EXECUTIVE VICE PRESIDENT 40.00 X 128668 0 62518 DR ANDREW PERMENTER VP FOR INSTITUTIONAL RESEARCH 40.00 X 113515 0 45383 DR JUSTIN LATHROP VP OF STRATEGIC PARTNERSHIPS 40.00 X 183343 0 1450 BETHANY THOMAS VP FOR STUDENT DEVELOPMENT 40.00 X 60913 0 1879 MR ROY ROWLAND IV VP FOR ENROLLMENT MANAGEMENT 40.00 X 183327 0 4888 JEFFREY B SPEAR 0217 -0617 INTERIM VP FOR FINANCE 40.00 1.00 X 0 0 0 DR WILLIAM HACKETT PROVOST 40.00 X 110896 0 89307 RICHARD T WELCH PROFESSOR OF LEGAL STUDEIS 40.00 X 108076 0 8373 THOMAS J GOLLERY PROFESSOR OF EDUCATION 40.00 X 108921 0 178 EMILE HUGO HAWKINS CHAIR, DEPARTMENT OF ENTREPRENEURIAL LEADERSHIP 40.00 X 107603 0 3712 SUSAN K STANLEY ASSOCIATE PROFESSOR OF EDUCATION 40.00 X 106709 0 3373 1766418 0 342811 11 0 1 0 NUJAK DEVELOPMENT INC 714 N MASSACHUSETTS AVE LAKELAND FL 33801 CONSTRUCTION MANAGEMENT 17033011 CHARTWELL'S SOUTH REGION 2924 KNIGHT LANE EAST BLDG 5 JACKSONVILLE FL 32216 FOOD SERVICES 4967196 THE LEARNING HOUSE 427 S 4TH STREET SUITE 300 LOUISVILLE KY 40202 ONLINE LEARNING SUPPORT 2964629 FOLLETT HIGHER EDUCATION GROUP 3146 SOLUTIONS CENTER CHICAGO IL 606804108 OUTSOURCED BOOKSTORE 813746 KCMH ARCHITECTS INC 1036 S FLORIDA AVE LAKELAND FL 338031118 ARCHITECTURAL SERVICES 668918 19 29110 111661 3284763 23083 3425534 TUITION AND FEES 611600 81863834 81863834 STUDENT HOUSING 611600 8551640 8551640 CAMPS/PRODUCTIONS 611600 432149 432149 FINANCE CHARGES 611710 392584 392584 PROGRAM FEES & FINES 611600 130054 130054 91370261 162586 162586 4500000 3600000 3602494 3899435 897506 -299435 598071 598071 7023590 3327618 3695972 3695972 COMMISSIONS AND REBATES 611710 416268 416268 OTHER REVENUE 611710 263481 263481 DEBT RECOVERIES 611710 80241 80241 759990 100012414 95826223 0 760657 27433310 27433310 1271534 1087029 184505 30411452 26851050 2983450 576952 1706701 1505566 167285 33850 6495123 5790967 643441 60715 1941987 1698811 188757 54419 3486839 3486839 767869 767869 116604 116604 30095 30095 3376241 2486525 826423 63293 1593531 1241116 137901 214514 1535588 1247984 138664 148940 422681 380413 42268 2826588 2543929 282659 2448995 2290708 147681 10606 308570 225700 25078 57792 2601859 2341678 260181 7271852 6544668 727184 945584 189117 709188 47279 BAD DEBT EXPENSES 954801 859322 95479 ADMINISTRATIVE COSTS 588572 529715 58857 DUES AND MEMBERSHIPS 370552 370552 MISCELLANEOUS EXPENSES 75557 44561 4952 26044 1604599 1444143 160456 100587084 90593703 8698977 1294404 3530332 8755416 277075 2960017 29093 375711 3948351 5309304 1450585 1373249 3947 2493 3233853 882393 149928904 54536123 92221376 95392781 5039401 6201824 490821 234315 110224834 121487503 6200346 3420551 2272463 3234408 50988286 59589428 7390065 12304460 9321093 5751476 76172253 84300323 X 24732488 26362499 5711297 6841532 3608796 3983149 34052581 37187180 110224834 121487503 -574670 3709269 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9253414 373760 1258536 175076 10710634 8945726 219093 218246 129651 9253414 8143479 486090 367426 68885 8945726 6811539 294755 1332700 295515 8143479 5761516 251770 935882 137629 6811539 0.19280 0.37190 0.43530 0 0 4075979 4075979 124344161 43752090 80592071 15748736 9264801 6483935 5760028 1519232 4240796 95392781 REFUNDABLE GOVERNMENT STUDENT LOANS 1261889 DEPOSITS HELD FOR OTHERS 94830 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 3647479 STUDENT DEPOSITS AND REFUNDS 890220 DUE TO/DUE FROM CURRENT FUND -142942 5751476 X 76578561 261997 -27433310 -27171313 103749874 30095 -3767555 -3737460 100012414 76605556 3481877 3481877 73123679 30095 27433310 27463405 100587084 PART V, LINE 4: ENDOWMENT FUNDS ARE TO BE USED BY THE UNIVERSITY TO FUND STUDENT SCHOLARSHIPS AND FUTURE CAMPUS BUILDING PROJECTS. PART X, LINE 2: THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AND HAS NOT RECORDED ANY OBLIGATIONS FOR UNRELATED BUSINESS INCOME TAX. THE UNIVERSITY'S 2014 THROUGH 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS PAID -27,433,310. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -3,327,618. SOUTHEASTERN UNIVERSITY FOUNDATION REVENUES -140,502. LOSS ON DISPOSITION OF PROPERTY AND EQUIPMENT -299,435. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,327,618. SOUTHEASTERN UNIVERSITY FOUNDATION EXPENSES 154,259. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS PAID 27,433,310. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS PRINTED IN CATALOG, AND THE FINANCIAL AID PACKAGE. ALSO, IT IS MENTIONED ON TELEPHONE "INFORMATION ON HOLD" MESSAGE HEARD BY GENERAL COMMUNITY AND POTENTIAL STUDENTS. SCHEDULE E, PART I, LINE 6 SOUTHEASTERN UNIVERSITY RECEIVES FEDERAL AND STATE FINANCIAL AID AND ASSISTANCE. AND, IT HAS NEVER HAD ITS RIGHT TO FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY REVOKED. 1 SCHOLARSHIPS AND TUITION ASSISTANCE 3767 27433310 CASH VALUE PART I, LINE 2: 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. X X 1 0 X X 0 0 0 0 0 0 0 0 0 DR KENT INGLE PRESIDENT 244201 0 0 0 0 0 0 0 116708 0 360909 0 0 0 BRIAN CARROLL -TERMINATED 0117 EXECUTIVE VICE PRESIDENT 310246 0 0 0 0 0 0 0 5042 0 315288 0 0 0 DR CHRIS OWEN EXECUTIVE VICE PRESIDENT 128668 0 0 0 0 0 0 0 62518 0 191186 0 0 0 DR ANDREW PERMENTER VP FOR INSTITUTIONAL RESEARCH 113515 0 0 0 0 0 0 0 45383 0 158898 0 0 0 DR JUSTIN LATHROP VP OF STRATEGIC PARTNERSHIPS 183343 0 0 0 0 0 0 0 1450 0 184793 0 0 0 MR ROY ROWLAND IV VP FOR ENROLLMENT MANAGEMENT 183327 0 0 0 0 0 0 0 4888 0 188215 0 0 0 DR WILLIAM HACKETT PROVOST 110896 0 0 0 0 0 0 0 89307 0 200203 0 0 0 PART I, LINE 1 (A): THE ORGANIZATION PAID A NONTAXABLE HOUSING ALLOWANCE TO DR. KENT INGLE, DR. CHRIS OWEN, DR. ANDREW PERMENTER AND DR. WILIAM HACKETT. TAXABLE BUSINESS CLUB DUES AND ANNUAL ANNUITY WERE PAID FOR DR. KENT INGLE. A CITY OF LAKELAND FL 000000000 2013-11-26 10000000 TO FINANCE CONSTRUCTION PROJECTS ON CAMPUS 0 0 0 B CITY OF LAKELAND FL 000000000 2013-11-26 10000000 TO FINANCE CONSTRUCTION PROJECTS ON CAMPUS 0 0 0 C CITY OF LAKELAND FL 000000000 2013-11-26 10000000 TO FINANCE CONSTRUCTION PROJECTS ON CAMPUS 0 0 0 D CITY OF LAKELAND FL 000000000 2013-11-26 10000000 TO FINANCE CONSTRUCTION PROJECTS ON CAMPUS 0 0 0 A 10000000 1 0 1 1 B 10000000 1 0 1 1 C 10000000 1 0 1 1 D 3360000 1 0 1 1 A 0 0 0 0 0.03000 0.03000 0 0 0 B 0 0 0 0 0.03000 0.03000 0 0 0 C 0 0 0 0 0.03000 0.03000 0 0 0 D 0 0 0 0 0.03000 0.03000 0 0 0 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 1 0 0 0 1 C 0 0 0 0 1 0 0 0 1 D 0 0 0 0 1 0 0 0 1 A 0 B 0 C 0 D 0 A CITY OF LAKELAND FL 000000000 2015-07-13 33000000 TO FINANCE CONSTRUCTION PROJECTS ON CAMPUS 0 0 0 A 33000000 1 0 1 1 A 0 0 0 0 0.03000 0.03000 0 0 0 A 0 0 0 0 1 0 0 0 1 A 0 LOREE ROWLAND SPOUSE OF VP OF ENROLLMENT 41650 LOREE ROWLAND WAS PAID $41,650 AS A FREELANCE PHOTOGRAPHER. 0 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 WITHOUT LIMITS. THE CHAIR 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 REV. CHRIS OWEN (EXECUTIVE VICE PRESIDENT) AND DR. WILLIAM HACKETT (PROVOST) MEET THE QUALIFICATIONS OF A "FAMILY RELATIONSHIP." FORM 990, PART VI, SECTION A, LINE 5 THE ORGANIZATON DISCOVERED A DIVERSION OF ASSETS OCCURED BY THE FORMER EXECUTIVE VICE PRESIDENT AND IMMEDIATELY TOOK CORRECTIVE ACTION BY TERMINATING THE PERSON INVOLVED IN JANUARY, 2017 & PERFORMED AN INVESTIGATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM BASED ON THE INFORMATION SUBMITED BY MANAGEMENT. THEN, THE COMPLETED 990 IS PRESENTED TO THE BOARD OF TRUSTEES ELECTRONICALLY FOR REVIEW. THE BOARD OF TRUSTEES IS GIVEN A DATE BY WHICH TO RESPOND, AFTER WHICH THE FORM IS SUBMITTED TO THE IRS ELECTRONICALLY. 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 SHHALL 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 15A 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 "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 "KEY EMPLOYEES." 2014 WAS THE MOST RECENT YEAR IN WHICH THE PROCESS INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 SOUTHEASTERN UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PARK SIDE LLC 1000 LONGFELLOW BLVD LAKELAND FL 33801 205920501 RENTAL REAL ESTATE FL SOUTHEASTERN UNIVERSITY SOUTHEASTERN UNIVERSITY FOUNDATION INC 10000 LONGFELLOW BLVD LAKELAND FL 33801 463844101 FUNDRAISING FOR SOUTHEASTERN UNIVERSITY FL 501(C)(3) LINE 12B, II SOUTHEASTERN UNIVERSITY INC 1 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 SOUTHEASTERN UNIVERSITY FOUNDATION D 142942 FMV SOUTHEASTERN UNIVERSITY FOUNDATION C 29110 FMV