2018-09-13T09:09:46-07:00 2017-06-30 990 2016-07-01 590624416 Stetson University Inc STET 3868227015 421 N Woodland Blvd DeLand FL 327238417 Frank Robert Huth Jr Executive Vice President and CFO 3868227015 2018-05-08 147.253.200.11 2016 2018-06-14 16:35:46Z X Frank Robert Huth Jr 421 N Woodland Blvd Unit 8278 DeLand FL 32723 273484313 0 X www.stetson.edu X 1883 FL Our mission at Stetson University is to provide an excellent education in a creative community where learning and values meet, and to foster in students the qualities of mind and heart that will prepare them to reach their full potential as informed citizens of local communities and the world. 35 34 2712 47 147318 0 16754871 16258114 192013699 198708310 9181243 7367443 1741853 2409490 219691666 224743357 77897076 82794759 0 0 78435289 80948157 27089 31026 4203846 55430568 54957326 211790022 218731268 7901644 6012089 457049629 481422496 142000723 140297576 315048906 341124920 Stetson Mission: Our mission at Stetson University is to provide an excellent education in a creative community where learning and values meet, and to foster in students the qualities of mind and heart that will prepare them to reach their full potential as informed citizens of local communities and the world. 0 0 181269799 82794759 175039241 Educational: The University provides high quality educational services to students on four different campuses, serving over 3,000 undergraduate students and over 1,200 graduate and post-baccalaureate students. The University is committed to its strong liberal arts heritage, offering over 60 major and minor programs in various fields of study. The University offers numerous graduate degree programs, along with Juris Doctor, Master of Laws, and Master of Jurisprudence degrees. The undergraduate student to faculty ratio is 12.9:1; The DeLand campus has 224 full-time faculty members, 94 percent of who hold a Ph.D. or equivalent degrees. The College of Law campus has 44 full-time professors and is supplemented by over 60 experienced practitioners in specialized areas. Grants and scholarships were provided to students based on talent, academic, and athletic achievement and financial need. 19561840 23669069 Auxiliary enterprises: The University auxiliary enterprises are for the convenience and benefit of its students, faculty, and staff. These services include a wide variety of students housing options, including dormitories and apartment-style accommodations. In addition, the University offers full array of dining services, student convenience store, campus bookstore, and print shop. 0 0 0 200831639 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 1 6458 0 1 2712 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 34 1 0 1 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 FL X Frank Robert Huth Jr 3868227015 421 N Woodland Blvd DeLand FL 327238417 Wendy B Libby President/Trustee 70 0 X X 763557 0 108786 Steven Alexander Trustee 0 0 X 0 0 0 William R Booth Trustee 0 0 X 0 0 0 Maureen Breakiron-Evans Trustee 0 0 X 0 0 0 Cynthia R Brown Trustee 0 0 X 0 0 0 J Hyatt Brown Trustee 0 0 X 0 0 0 S Sammy Cacciatore Jr Trustee 0 0 X 0 0 0 Yvonne Chang Trustee 0 0 X 0 0 0 Joe R Cooper Trustee 0 0 X 0 0 0 Bonnie Foreman Trustee 0 0 X 0 0 0 Richard C George Trustee 0 0 X 0 0 0 Glenn Henderson Trustee 0 0 X 0 0 0 Benjamin H Hill IV Trustee 0 0 X 0 0 0 William Raymond Holley Trustee 0 0 X 0 0 0 R Dean Hollis Trustee 0 0 X 0 0 0 Thomas M Horton Trustee 0 0 X 0 0 0 Tony Jenkins Trustee 0 0 X 0 0 0 Betty D Johnson Trustee 0 0 X 0 0 0 Geoffrey Jollay Trustee 0 0 X 0 0 0 Laurel A Kent Trustee 0 0 X 0 0 0 L Patrick Lane Trustee 0 0 X 0 0 0 Brenda H Lopez Trustee 0 0 X 0 0 0 Christine E Lynn Trustee 0 0 X 0 0 0 Joshua Magidson Trustee 0 0 X 0 0 0 M Lee McGraw Trustee 0 0 X 0 0 0 Susan Morris Trustee 0 0 X 0 0 0 Jane Edmunds Novak Trustee 0 0 X 0 0 0 Robert Pocica Trustee 0 0 X 0 0 0 Luis Prats Trustee 0 0 X 0 0 0 David B Rinker Trustee 0 0 X 0 0 0 Troy Templeton Trustee 0 0 X 0 0 0 Kimberly Van Gundy Trustee 0 0 X 0 0 0 John D Walda Trustee 0 0 X 0 0 0 Charles A Wolfe Trustee 0 0 X 0 0 0 Kenneth Ziesenheim Trustee 0 0 X 0 0 0 Noel Painter EVP and Provost 60 0 X 173443 0 38239 Frank R Huth EVP and CFO 60 0 X 308164 0 74037 Joel Bauman VP Enrollment Management 60 0 X 195480 0 55601 Jeffrey Ulmer VP for University Relations 60 0 X 184673 0 27543 Jeffrey Altier Athletic Director 60 0 X 179320 0 42413 Bruce Chong VP for University Marketing and Communication 60 0 X 166467 0 29511 Lua Hancock VP for Campus Life and Student Success 60 0 X 150175 0 29891 Christopher Pietruszkiewicz Dean of Law School 60 0 X 268207 0 52061 Robert Bickel Professor of Law 40 0 X 267908 0 32255 Bobbi K Flowers Professor of Law 40 0 X 249486 0 20579 Michael Allen Professor of Law 40 0 X 247882 0 41522 Rebecca Morgan Professor of Law 40 0 X 240888 0 40263 Darryl Wilson Professor of Law and Associate Dean 40 0 X 235714 0 39499 Elizabeth Paul Former EVP and Provost 60 0 X 178084 0 29722 3809448 0 661922 119 1 1 0 Williams Company Building 2301 Silver Star Road Orlando FL 32804 Construction 7699337 Bace Construction Inc 1623 Alligator Road DeLand FL 32724 Construction 6381745 Chartwells PO Box 91337 Chicago IL 606931337 Food Service 4995092 Strategic Facilities Development 401 Kentucky Blue Circle Apopka FL 327124769 Construction 3017774 Tech Strategies International LLC 1553 Stargazer Terrace Sanford FL 32771 Consultants/Training 1549403 37 0 0 68270 0 1539540 14650304 2468792 16258114 Tuition and Fees 611710 169572562 169572562 0 0 Residential Room Charges 611710 15700058 15700058 0 0 Dining Services 611710 7908045 7908045 0 0 Sales of Educational Services 611710 4393652 4393652 0 0 Athletics 611710 754066 754066 0 0 379927 379927 0 0 198708310 5486849 0 -1782 5488631 84833 0 0 84833 7052 0 0 7052 1211723 0 733687 0 478036 0 478036 0 149410 328626 49493501 226009 47923749 0 1569752 226009 1795761 1795761 0 0 63984 68270 83520 -19536 0 -19536 Sponsorship 611710 412625 412625 0 0 Bookstore 611710 220360 220360 0 0 Traffic fees & fines 611710 200335 200335 0 0 1110618 1110928 -310 0 1943938 224743357 202448319 147318 5889606 82794759 82794759 3023774 1066919 1251628 705227 59274073 53248454 4367951 1657668 5312975 4632202 479257 201516 9273840 8085546 836547 351747 4063495 3542823 366548 154124 9208 9208 225778 44820 180705 253 158478 158478 31026 31026 556319 556319 4967824 4474318 413737 79769 850900 408403 382770 59727 4942777 3883952 867128 191697 3302581 2789064 475138 38379 1020 1020 8276744 7620703 603203 52838 4393595 4107635 127212 158748 594297 495535 85248 13514 3449713 3374090 57313 18310 0 10017796 9404110 548995 64691 1753779 627060 1126343 376 Dining Services/Catering 6286395 5799137 228667 258591 Athletics 1565032 1492869 10383 61780 Subscriptions 862223 796167 44514 21542 Memberships and Dues 462486 282559 170711 9216 2280381 1859494 347780 73107 218731268 200831639 13695783 4203846 244604 217959 44997392 35073910 17383262 17095513 2773448 3317868 4967232 4992780 228055 246378 2412014 3201877 321636991 135569029 172491964 186067962 196771146 216257669 0 0 0 0 0 0 14780512 14950580 457049629 481422496 15600101 14821927 5931833 7912931 94149992 92692164 0 0 0 0 968561 912774 25350236 23957780 142000723 140297576 X 135962080 145443337 40595018 50315455 138491808 145366128 315048906 341124920 457049629 481422496 X 6012089 21167101 0 0 0 -1103176 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3185280 0 0 X X X 0 212432304 6666079 27682769 3947941 6337879 540666 235954666 215823243 9292604 -2131647 3848909 5973129 729858 212432304 215457201 5766600 5432997 3620985 6456012 756558 215823243 186127395 8348302 29538265 3182625 4576288 797848 215457201 150756818 21313141 20733969 2464079 3402800 809654 186127395 0.28 0.6 0.12 1 0 1146500 9220572 10367072 0 251865138 91231935 160633203 0 0 0 0 0 29939618 21707796 8231822 0 29465163 22629298 6835865 186067962 Annuities Payable 2167998 Deposits/Held for Others 148940 Post Retirement Benefits 6758384 Refundable Gov't Loan Funds 5357907 Unamortized Premiums 9524551 23957780 161968996 21167101 0 0 -84244706 -63077605 225046601 556319 -859563 -303244 224743357 136239753 0 0 0 859563 859563 135380190 556319 82794759 83351078 218731268 Schedule D, Part III, Line 4 The majority of the University art collection includes a significant body of work from the renowned German painter, Oscar Bluemner. This portion of the collection was valued at $2,621,000 at the time it was gifted to the University in 2000. Additional works from various artists, including several paintings and sculpture, have been gifted to the University's collections over the years. These works, along with the art contributed by Stetson students, are currently housed in the Hand Art Center, where both the Stetson community and the public may study and enjoy them. The Gillespie Museum of Minerals is Stetson University's earth science collection museum. The museum's collection of 20,000 mineral, rock, and fossil specimens is valued at $402,431. The museum has developed over the past fifty years into a center for environmental education. Exhibits and Displays include geology, native Florida ecosystems and plant landscapes, minerals and mining, and fluorescent rocks. Schedule D, Part V, Line 4 The University endowment funds are used primarily for the benefit of students, faculty support, program support and facilities. The majority of endowment funds go to support student scholarships, including awards for merit, athletic participation and financial need. Endowment funds support several faculty chair positions, as well as general faculty salaries and benefits. Several university programs, such as the Roland George investment program and the Hollis renaissance program are fully supported by endowments. Additionally, the endowment provides facilities maintenance and support for existing institutional buildings and dormitories. Schedule D, Part XI, Line 2d Scholarships <$82,794,759>, Write-off of Uncollectible Pledges <$1,476,293>, Actuarial Adjustment $26,345, Rounding adjustment $1. Schedule D, Part XI, Line 4b Rental <$733,687>, Fundraising expenses <$83,520>, UBI advertising <$34,251>, and UBI investment expense <$8,105>. Schedule D, Part XII, Line 2d Rental $733,687, Fundraising expenses $83,520, UBI advertising $34,251, and UBI investment expenses $8,105. Schedule D, Part XII, Line 4b Scholarships $82,794,759. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University bulletin is made available to all prospective students via the University's website. Schedule E, Part I, Line 6 Schedule E, Part II, Line 6: Explanation of Government Financial Aid: Stetson University participates in numerous federal and state programs listed in Stetson's single audit report under OMB Circular A-133 and the Single Audit Act of the state of Florida. Federal Programs are as follows: US Department of Education, US Department of Justice, US Environmental Protection Agency, US Department of Commerce, National Endowment for the Humanities, US Department of Health and Human Services, and US Department of the Interior. State Programs are as follows: Florida Department of Education, Department of Highway Safety and Motor Vehicles, and Division of Historical Resources. South America 0 0 Speaking at Seminars or Conferences Conference - Brazil 1922 East Asia and the Pacific 0 0 Speaking at Seminars or Conferences Conference - China 1107 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Croatia 1604 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - England 10786 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Germany 7336 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Ireland 11945 Central America and the Caribbean 0 0 Speaking at Seminars or Conferences Conference - Jamaica 6315 North America (including Canada and Mexico, but not the United States) 0 0 Speaking at Seminars or Conferences Conference - Mexico 4697 South America 0 0 Speaking at Seminars or Conferences Conference - Peru 4059 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Scotland 10782 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Spain 4016 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Turkey 9940 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Performance - Canada 11800 Europe (including Iceland and Greenland) 0 0 Program Services Performance - Germany 54635 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Publication Services - Canada 638 Europe (including Iceland and Greenland) 0 0 Program Services Publication Services - England 1160 Europe (including Iceland and Greenland) 0 0 Program Services Publication Services - Finland 1239 Europe (including Iceland and Greenland) 0 0 Program Services Publication Services - Sweden 1808 Middle East and North Africa 0 0 Program Services Recruiting - Saudi Arabia 9866 Europe (including Iceland and Greenland) 0 0 Program Services Research - Germany 1000 Europe (including Iceland and Greenland) 0 0 Program Services Research - Sweden 619 Central America and the Caribbean 0 0 Program Services Study Abroad - Cayman Islands 39599 South America 0 0 Program Services Study Abroad - Colombia 7560 Central America and the Caribbean 0 0 Program Services Study Abroad - Cuba 2484 Central America and the Caribbean 0 0 Program Services Study Abroad - Guatemala 9060 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Innsbruck 150267 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Italy 79245 East Asia and the Pacific 0 0 Program Services Study Abroad - Korea 12580 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Scotland 16245 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Serbia 5145 Europe (including Iceland and Greenland) 0 1 Program Services Study Abroad - Spain 131816 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad - Switzerland 32679 East Asia and the Pacific 0 0 Program Services Study Abroad - Thailand 58933 Europe (including Iceland and Greenland) 0 1 Program Services Study Abroad - United Kingdom 217755 South America 0 0 Speaking at Seminars or Conferences Conference - Chile 4000 Europe (including Iceland and Greenland) 0 0 Speaking at Seminars or Conferences Conference - Great Britain and Spain 5094 East Asia and the Pacific 0 0 Program Services Site Visit/Educational Tours - Asia 6728 0 2 936464 0 0 0 0 0 0 X X X X X X X 1 Marts & Lundy 1200 Wall Street West Lyndhurst NJ 07071 Consulting 0 0 33923 -33923 0 33923 -33923 All States Babs Steffens 76583 44283 32300 0 6380 11600 4328 6709 12022 Hatter Kickoff 29882 23987 5895 0 14960 0 4585 0 90 2 25789 0 25789 0 9145 3231 7994 0 2476 132254 68270 63984 0 30485 14831 16907 6709 14588 83520 -19536 1 Scholarships are for talent, academic merit, athletic participation, and financial need. 3694 82794759 0 FMV Schedule I, Part I, Line 2 Stetson University ensures each scholarship is used for its intended purpose by applying the award amount directly to the recipient's student ledger. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 Wendy B Libby President/Trustee 448377 0 67158 0 248022 0 76500 0 32286 0 872343 0 200000 Noel Painter EVP and Provost 173443 0 0 0 0 0 17974 0 20265 0 211682 0 Frank R Huth EVP and CFO 308164 0 0 0 0 0 56828 0 17209 0 382201 0 Joel Bauman VP Enrollment Management 195480 0 0 0 0 0 40023 0 15578 0 251081 0 Jeffrey Ulmer VP for University Relations 184673 0 0 0 0 0 18850 0 8693 0 212216 0 Jeffrey Altier Athletic Director 175190 0 0 0 4130 0 36552 0 5861 0 221733 0 Bruce Chong VP for University Marketing and Communication 166467 0 0 0 0 0 10267 0 19244 0 195978 0 Lua Hancock VP for Campus Life and Student Success 150175 0 0 0 0 0 15552 0 14339 0 180066 0 Elizabeth Paul Former EVP and Provost 178084 0 0 0 0 0 17725 0 11997 0 207806 0 Christopher Pietruszkiewicz Dean of Law School 268207 0 0 0 0 0 26500 0 25561 0 320268 0 Robert Bickel Professor of Law 267908 0 0 0 0 0 27834 0 4421 0 300163 0 Bobbi K Flowers Professor of Law 208951 0 0 0 40535 0 18579 0 2000 0 270065 0 Michael Allen Professor of Law 247882 0 0 0 0 0 21023 0 20499 0 289404 0 Rebecca Morgan Professor of Law 240888 0 0 0 0 0 23241 0 17022 0 281151 0 Darryl Wilson Professor of Law and Associate Dean 235214 0 0 0 0 0 19255 0 20244 0 274713 0 Schedule J, Part I, Line 1a The President's spouse accompanies her on business related travel when his presence is expected and necessary for the event. Travel expenses for spousal or companion travel are not reimbursed under the current University policy, except in very limited cases where the president's spouse is required or is expected to attend the function. The President is provided a residence on campus. Along with providing housing for the President and her spouse, the residence is also used for various university events and functions hosted by the President. Staff employed by the University provides housekeeping services at the President's residence. Catering services are also provided for university functions and events held at the President's residence for University purpose. Schedule J, Part I, Line 4 The University contributes to a supplemental nonqualified retirement plan under IRC Section 457(f) for the benefit of Wendy Libby, President; F. Robert Huth, Executive VP and CFO; Joel Bauman, VP for Enrollment Management; and Jeffrey Altier, Director of Athletics. The collective amount contributed by the University for calendar year 2016 of $117,994 is included on Schedule J, Part II, Column (C). Amounts contributed are unfunded and subject to a substantial risk of forfeiture pursuant to the years of service requirement under this plan. From this same plan, Wendy Libby, President, received payment of $227,109, which is included on Schedule J, Part II, Column (B)(iii). In tax years 2012 through 2015, $50,000 was reported in Part II, Column (C) each year for this payment, during which Wendy Libby met the required years of service. The payment also includes $27,109 of earnings, and the total amount was subject to a substantial risk of forfeiture. A Volusia County Educational Facilities Authority 800000613 928836LXI 2015-04-01 107948319 Finance certain property acquisitions, renovations, and improvements to the University DeLand and Gu 0 0 0 A 2975000 0 107948319 0 1062473 0 902842 0 0 37185224 56168333 12629446 1 0 0 1 A 0 1 0 0 0.008 0 0.008 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I, Column f-04/01/2015 107,948,319 Volusia County Educational Facilities Authority Finance certain property acquisitions, renovations, and improvements to the University's DeLand and Gulfport campuses. Refund all of the Volusia County Educational Facilities Revenue and Refunding Bonds (Stetson University, Inc. Project), Series 2005, Series 2010, and Series 2011. Paid off bank loan made to the University from 5th3rd Bank, dated March 18, 2013. J Hyatt Brown Trustee 1578855 Insurance Brokerage Services provided 0 Cynthia R Brown Trustee 0 Insurance Brokerage Services provided 0 Steve Alexander Trustee 52997 Loan Advisory Services and Financial Forecasting Software License 0 X 18 16137 Fair Market Value X 5418 Fair Market Value X 2474 Fair Market Value X 43 2358171 Fair Market Value X 5 1735 Fair Market Value X Volunteer expenses 38 22298 Actual Cost X Gift in Kind 20 41972 Fair Market Value X Event Food/Supplies 34 20586 Fair Market Value 2 0 1 0 Form 990, Header, Line B Schedule J, Part II, Column (F)(i) - The original return did not include the $200,000 in Column (F)(i), which represents compensation included in Column (B)(iii), but reported as deferred compensation on prior Form 990s. The University contributes to a supplemental nonqualified retirement plan under IRC Section 457(f). From this plan, Wendy Libby, President, received payment, which is included on Schedule J, Part II, Column (B)(iii). In tax years 2012 through 2015,$50,000 was reported in Part II, Column (C) each year, during which Wendy Libby met the required years of service. Form 990, Part VI, Section A, Line 2 The following Board member(s) has a family relationship during fiscal year 2016-2017. J. Hyatt Brown and Cynthia R. Brown (husband and wife). Form 990, Part VI, Section A, Line 4 Stetson University's Bylaws were updated to accept signatures provided electronically by email or similar means when accepting any action required or permitted by the Board of Trustees or by any committee thereof taken without a formal, in-person meeting. The Bylaws were also updated to include that in the absence or disability of the President, the Board of Trustees shall determine which officer or other individual shall perform the President's duties. The Board of Trustees approved these updates on February 17, 2017. Form 990, Part VI, Section A, Line 7a The Chairs of the four Advisory Boards (A&S, Music, Business, and Law) and the Alumni Association President are all ex-officio voting members of the Board of Trustees during their terms. Form 990, Part VI, Section B, Line 11b Prior to the May's Board of Trustees meeting, the University provides a draft copy of the Form 990 to the individual members of the Board of Trustees for review. The audit committee of the Board formally reviews and discusses the return, and members are given the opportunity to request or provide additional information before the return is filed. Form 990, Part VI, Section B, Line 12c The University's Conflict of Interest Policy is included in the articles of incorporation and the University's bylaws. Annually, the Board of Trustees members must complete a conflict of interest disclosure statement. The audit committee of the Board reviews the information from these forms for possible conflict issues. The audit committee is responsible for enforcement and disclosure of issues and any required action. Board members are required to recuse themselves from voting on any matter in which a conflict of interest exists. The conflict of interest policy that pertains to officers and any other employee of the University is included in the University's personnel policies manual. Form 990, Part VI, Section B, Line 15 The compensation of the President of the University is reviewed annually by the presidential development and compensation committee of the Board of Trustees for appropriateness. Any increase or adjustment to the annual compensation must be approved by the Board. The University uses comparative data from CUPA, NACUBO, and other survey and database resources to determine salary ranges and increases for officers and other key employees. Their salary must be approved by the President and documented in their permanent employee records. Form 990, Part VI, Section C, Line 19 Copies of the University's governing documents, conflict of interest policy, and financial statements are available to the public upon a formal request to the Executive Vice-President and CFO. Electronic versions of the financial statements are available on the University's website. Form 990, Part XI, Line 9 Schedule O - Form 990, Part XI, Line 9 - Change in Actuarial Value Annuities (20a) of $26,345; Change in Investment in Value of Related Entity - Dana Foundation of $346,772; Change in Allowance for Uncollectible Pledges of <$1,476,293>. GSH Investments LLC 421 N Woodland DeLand FL 32723 352520555 Property Management FL 700 566650 Stetson University Inc The Charles A Dana Law Center Foundation 1401 61st Street South Gulfport FL 337073299 596135559 Contributions - Stetson Univ College of Law FL 501(c)(3) Line 5 Stetson University Inc 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The Charles A Dana Law Center Foundation c 68828 All allocated interest & dividends