2016-02-15T16:00:50-06:00 2015-06-30 570381582 ELLIOTT DAVIS DECOSIMO LLC PLLC 629 MARKET STREET SUITE 100 CHATTANOOGA TN 37402 990 2014-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE VICE PRESIDENT 4236148102 2016-02-15 1 SHELTON CHAMBERS P01479354 4237567100 2014 2016-08-17 19:52:53Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 373114475 93916703 0 X WWW.LEEUNIVERSITY.EDU X 1918 TN LEE UNIVERSITY IS A CHRISTIAN INSTITUTION WHICH OFFERS LIBERAL ARTS AND PROFESSIONAL EDUCATION ON BOTH THE BACCALAUREATE AND MASTER'S LEVELS.THE MISSION PROVIDES A FOUNDATION FOR LEE'S EMPHASIS ON TEACHING EXCELLENCE, THE RESIDENTIAL CAMPUS EXPERIENCE, A COMMITMENT TO DIVERSITY, AND ACCESS FOR A WIDE RANGE OF STUDENTS. LEE SEEKS TO NURTURE THE INDIVIDUAL STUDENT HOLISTICALLY, AND FACULTY AND STAFF INVOLVEMENT WITH STUDENTS IN AND OUT OF THE CLASSROOM IS A PRIORITY. AS THE MISSION STATEMENT CONTINUES:THE FOUNDATIONAL PURPOSE OF ALL EDUCATIONAL PROGRAMS IS TO DEVELOP WITHIN THE STUDENTS KNOWLEDGE, APPRECIATION, UNDERSTANDING, ABILITY AND SKILLS WHICH WILL PREPARE THEM FOR RESPONSIBLE CHRISTIAN LIVING IN THE MODERN WORLD. 15 15 2179 0 0 0 12725894 8703165 75972280 77688142 330869 1001335 0 0 89029043 87392642 18237780 20283775 0 0 28981047 30941574 0 0 0 30323022 32374334 77541849 83599683 11487194 3792959 162664700 163103080 33659447 30687950 129005253 132415130 X LEE UNIVERSITY IS A PRIVATE, COMPREHENSIVE UNIVERSITY LOCATED IN CLEVELAND, TENNESSEE. THE UNIVERSITY IS OPERATED UNDER THE AUSPICES OF THE CHURCH OF GOD AND IS GOVERNED BY A BOARD OF TRUSTEES. 0 0 26828447 66530731 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 4,298 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 23805469 20283775 ACADEMIC SUPPORT - PROVIDES SUPPORT SERVICES TO VARIOUS ATTENDEES OF THE UNIVERSITY, AS WELL AS, SUPPORT OF PROGRAMS WITHIN THE UNIVERSITY. ACADEMIC SUPPORT INCLUDES FACULTY DEVELOPMENT, THE LIBRARY AND RESEARCH CENTERS. 10087973 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 8607023 11157411 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF. INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM 8607023 11157411 69328912 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 210 0 1 2179 1 0 0 0 0 0 0 0 0 1 0 0 0 X 15 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 TN X CHRIS CONINE 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 MR ROBERT DAUGHERTY DIRECTOR 2.00 X 0 0 0 MR JEFF ROBINSON DIRECTOR 2.00 X 0 0 0 MR CECIL BROWN DIRECTOR 2.00 X 0 0 0 MRS PATRICIA CARROLL DIRECTOR 2.00 X 0 0 0 MR H BERNARD DIXON DIRECTOR 2.00 X 0 0 0 MR BILL W HIGGINBOTHAM DIRECTOR 2.00 X 0 0 0 MR HECTOR DIAZ DIRECTOR 2.00 X 0 0 0 MR JERRY MADDEN DIRECTOR 2.00 X 0 0 0 MR DENNIS LIVINGSTON DIRECTOR 2.00 X 0 0 0 MS NADINE BLAIR DIRECTOR 2.00 X 0 0 0 MR BYRON MEDLIN DIRECTOR 2.00 X 0 0 0 MR MARK WALKER DIRECTOR 2.00 X 0 0 0 MR GARY SHARP DIRECTOR 2.00 X 0 0 0 MR LEE STORMS DIRECTOR 2.00 X 0 0 0 MR MARK HARRIS DIRECTOR 2.00 X 0 0 0 PAUL CONN PRESIDENT 40.00 X 165897 0 55465 CHRIS CONINE CHIEF FINANCIAL OFFICER 40.00 X 131186 0 3019 DEBORAH MURRAY CHIEF ACADEMIC OFFICER 40.00 X 98850 0 0 MATTHEW YELTON WOMEN'S SOCCER HEAD COACH 40.00 X 100398 0 852 WILLIAM ESTES DEAN COLLEGE OF EDUCATION 40.00 X 104175 0 633 MICHAEL HAYES VP OF STUDENT DEVELOPMENT 40.00 X 104865 0 852 SARA CAMPBELL DEAN OF SCHOOL OF NURSING 40.00 X 114281 0 852 819652 0 61673 6 0 1 0 SODEXO INC 1120 NORTH OCOEE STREET CLEVELAND TN 37311 FOOD SERVICES 3691528 TRICON INC 2040 N OCOEE ST CLEVELAND TN 31311 CONSTRUCTION CONTRACTOR 2368208 CLEVELAND UTILITIES PO BOX 2730 CLEVELAND TN 37320 UTILITIES 1806176 FHEG - LEE UNIVERSITY BOOKSTORE 3146 SOLUTIONS CENTER CHICAGO IL 60677 CAMPUS BOOKSTORE 510545 ELLUCIAN 62814 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE PROVIDER/MAINTENCE 429765 5 323463 8379702 8703165 TUITION & FEES 611710 64222058 64222058 RESIDENCE HALLS 611710 6874947 6874947 DINING HALL 611710 3765330 3765330 LUDIC 611710 210071 210071 CAMPUS STORE 611710 155089 155089 2460647 2460647 77688142 387899 387899 7137497 6450832 73229 686665 -73229 613436 613436 87392642 77688142 0 1001335 20283775 20283775 364837 291871 72966 26740171 22104525 4635646 1871693 1254735 616958 1964873 1628079 336794 4739 3844 895 63352 63352 66963 66963 63639 63639 531126 191787 339339 952293 506886 445407 1421857 980284 441573 1196415 1173896 22519 4399 4399 1122351 721734 400617 730477 512418 218059 541146 541146 5037030 5037030 2548111 2069968 478143 STUDENT & CAMPUS ACTIVI 8248011 4755114 3492897 UTILITIES 3433303 2885178 548125 FOOD SERVICES 3215377 2649772 565605 OPERATIONS AND MAINTENA 1947843 1277762 670081 1245902 454709 791193 83599683 69328912 14270771 0 9824676 5872611 7233886 6628062 3025858 2661271 2232061 2345792 2124 27424 171937758 45743487 122068103 126194271 17869305 19024562 408687 349087 162664700 163103080 3162315 4277301 2194449 2130313 20482585 20124853 3150591 137857 4669507 4017626 33659447 30687950 X 111868650 113058465 5724637 6890971 11411966 12465694 129005253 132415130 162664700 163103080 X 3792959 -512895 129813 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17064718 994199 516307 18575224 14728794 717170 1618754 17064718 11994470 1649606 1132580 47888 14728768 10800769 925942 288453 20694 11994470 8529291 1092104 1179374 10800769 0.23020 0.65050 0.11930 0 0 18755242 18755242 102395217 20473975 81921242 29490525 12988172 16502353 18028337 9799829 8228508 3268437 2481511 786926 126194271 MONEY MARKET CASH ACCOUNTS 535861 F CERTIFICATE OF DEPOSITS 2166941 F COMMON STOCKS 7753812 F INTERNATIONAL EQUITY FUNDS 1379965 F CORPORATE BONDS 3474639 F BONDS, NOTES AND GOVERNMENT SECURITIES 3158245 F REGIONS SOUTHEAST TIMBER FUND II, LLC 555099 F 19024562 LOAN ADVANCES-PERKINS LOANS 2700994 AGENCY FUNDS/STUDENT DEPOSITS 831580 INTEREST RATE SWAP OBLIGATION 221651 CAPITAL LEASE OBLIGATIONS 263401 4017626 66799014 -512895 -512895 67311909 20080733 20080733 87392642 63389137 73229 73229 63315908 20283775 20283775 83599683 PART V, LINE 4: ENDOWMENT EARNINGS ARE FOR SCHOLARSHIPS ONLY. IF THE TOTAL ALLOCATED EARNINGS ARE NOT AWARDED WITHIN THE YEAR, THEY ARE HELD IN THE TEMPORARILY RESTRICTED FUND AND AWARDED IN SUBSEQUENT YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED, NETTED AGAINST TUITION & FEES ON FINANCIAL STATEMENTS 20,283,775. LOSS ON DISPOSAL OF PLANT, PROPERTY, AND EQUIPMENT -73,229. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION -129,813. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 73,229. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AWARDED, NETTED AGAINST TUITION & FEES ON FINANCIAL STATEMENTS 20,283,775. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 RECEIVES FEDERAL FINANCIAL AID 0 SCHOLARSHIP ALLOWANCES TO STUDENTS 5679 20283775 FMV TUITION CREDIT X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 PAUL CONN PRESIDENT 79302 0 0 0 86595 0 5465 0 50000 0 221362 0 0 0 A LEE UNIVERSITY 620502739 2010-10-15 8960158 TO REFINANCE SEVEN OUTSTANDING LOANS INTO ONE TAX-EXEMPT BOND 0 1 0 B LEE UNIVERSITY 620502739 2009-03-18 6400000 TO FINANCE THE CONSTRUCTION OF THE SCIENCE AND MATH COMPLEX 0 1 0 C LEE UNIVERSITY 620502739 2010-12-09 9100000 TO FINANCE PROPERTY ACQUISITIONS AND DORM CONSTRUCTION 0 1 0 D LEE UNIVERSITY 620502739 2013-09-03 9100000 TO FINANCE COMMUNICATION ARTS BUILDING 0 1 0 A 8362814 8960158 32898 8927260 2008 0 0 0 0 B 2442592 6400000 51902 6348098 2010 0 0 0 0 C 3299200 9100000 100000 9000000 2011 0 0 0 0 D 897365 9100000 77000 9023000 2014 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 1 1 REGIONS BANK 4.300000000000 1 0 0 0 0 B 0 0 1 0 1 0 0 0 0 C 0 0 1 0 1 1 BB&T 9.500000000000 1 0 0 0 0 D 0 0 1 0 1 1 0 0 0 0 0 A 0 B 0 C 0 D 0 PAUL CONN FAMILY RELATION 2693208 THE UNIVERSITY HAS A MEMBER OF ITS ADMINISTRATION WHO HAS A RELATIVE WITH A FINANCIAL INTEREST IN A CONSTRUCTION COMPANY WHICH THE UNIVERSITY ENGAGED TO PERFORM CERTAIN CONSTRUCTION PROJECTS. THE AMOUNT PAID TO THE CONTRUCTION COMPANY FOR CONSTRUCTION COSTS TOTALED $2,693,208 FOR THE YEAR ENDED JUNE 30, 2015. 0 FORM 990, PART VI, SECTION A, LINE 2 THE UNIVERSITY HAS A MEMBER OF ITS ADMINISTRATION WHO HAS A RELATIVE WITH A FINANCIAL INTEREST IN A CONSTRUCTION COMPANY WHICH THE UNIVERSITY ENGAGED TO PERFORM CERTAIN CONSTRUCTION PROJECTS. THE AMOUNT PAID TO THE CONTRUCTION COMPANY FOR CONSTRUCTION COSTS TOTALED $2,368,208 FOR THE YEAR ENDED JUNE 30, 2015. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE COMPTROLLER AND VICE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY'S BOARD OF DIRECTORS DETERMINE AND APPROVE THE SALARY FOR KEY EMPLOYEES. THE PRESIDENT SUBMITS THE REQUEST TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE POSTED ON THE HUMAN RESOURCES WEBSITE AND PUBLISHED IN THE FACULTY HANDBOOK AS WELL AS THE ADMINISTRATIVE AND SUPPORT STAFF HANDBOOK. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION 129,813. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR