2014-05-13T11:31:55-05:00 2013-06-30 990 2012-07-01 590624416 Stetson University Inc STET 3868227015 421 N Woodland Blvd No 8278 DeLand FL 32723 F Robert Huth Jr 3868227015 2014-05-12 2012 2015-11-30 17:44:51Z F Robert Huth Jr 421 N Woodland Blvd No 8278 DeLand FL 32723 218348976 0 X www.stetson.edu X 1883 FL 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. 33 32 2659 250 -412590 -412590 14027363 26650709 141802973 152065951 8156025 11915243 1600277 1352644 165586638 191984547 47118918 55588755 0 0 65888656 66280954 133600 78260 2395395 44039343 46514005 157180517 168461974 8406121 23522573 339060082 372000043 88725313 88239341 250334769 283760702 X 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 130962716 55588755 141196028 Educational: The University provides high quality educational services to students on four different campuses, serving over 2,500 undergraduate students and over 1,500 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 12:1; The DeLand campus has 200 full-time faculty members, 93 percent of who hold a Ph.D. or equivalent degrees. The College of Law campus employs 55 professors and is supplemented by over 50 experienced practitioners in specialized areas. Grants and scholarships were provided to students based on talent, academic, and athletic achievement and financial need. 17509681 0 17563050 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 shops. 148472397 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 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 0 1 0 0 0 1 5556 0 1 2659 1 1 1 1 SP 0 0 0 1 1 0 0 0 0 X 33 32 1 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 FL X F Robert Huth Jr 3868227015 421 N Woodland Blvd Unit 8278 Deland FL 32723 Wendy B Libby 60.00 X X 419640 0 108007 Charles A Wolfe 0.00 X 0 0 0 Kathleen L Graf 0.00 X 0 0 0 Maureen Breakiron-Evans 0.00 X 0 0 0 Cynthia R Brown 0.00 X 0 0 0 J Hyatt Brown 0.00 X 0 0 0 Emerson Brumback 0.00 X 0 0 0 Nelson Clemmens 0.00 X 0 0 0 Bonnie Foreman 0.00 X 0 0 0 Steven Alexander 0.00 X 0 0 0 Richard C George 0.00 X 0 0 0 R Dean Hollis 0.00 X 0 0 0 Tony Jenkins 0.00 X 0 0 0 Jill Jinks 0.00 X 0 0 0 Betty D Johnson 0.00 X 0 0 0 Geoffrey Jollay 0.00 X 0 0 0 Gerald D Kruhm 0.00 X 0 0 0 Joseph W Landers Jr 0.00 X 0 0 0 L Patrick Lane 0.00 X 0 0 0 Brenda H Lopez 0.00 X 0 0 0 Christine E Lynn 0.00 X 0 0 0 Joshua Magidson 0.00 X 0 0 0 Lee McGraw 0.00 X 0 0 0 Jane Edmunds Novak 0.00 X 0 0 0 Harlan Paul 0.00 X 0 0 0 Luis Prats 0.00 X 0 0 0 Billy Raley 0.00 X 0 0 0 Gary D Reddick 0.00 X 0 0 0 David B Rinker 0.00 X 0 0 0 John D Walda 0.00 X 0 0 0 Kenneth Ziesenheim 0.00 X 0 0 0 S Sammy Cacciatore Jr 0.00 X 0 0 0 Joe R Cooper 0.00 X 0 0 0 Elizabeth Paul 50.00 X 266720 0 48647 Frank R Huth 50.00 X 228330 0 43767 Joel Bauman 50.00 X 166410 0 32579 Greg Carroll 50.00 X 157414 0 33675 Carol Julian 50.00 X 139750 0 22370 Christopher Kandus-Fisher 50.00 X 102537 0 26328 John Cooper 40.00 X 289973 0 28059 Peter F Lake 40.00 X 272697 0 36197 Rebecca Morgan 40.00 X 248158 0 39734 Ellen Podgor 40.00 X 241336 0 34041 Robert Bickel 40.00 X 230387 0 31028 2763352 0 484432 93 0 1 0 Bace ConstructionInc 1623 Alligator Road DeLand FL 32724 Construction 4884690 Sodexo Inc and Affiliates 4001 West Tampa Bay Blvd Tampa FL 33614 Food Service 4317731 Strategic Facilities Development 401 Kentucky Blue Circle Apopka FL 32712 Construction 1541616 The Collage Companies 585 Technology Park Lake Mary FL 32746 Construction 1110556 Commercial Design Services Inc 640 Douglas Avenue Suite 1514 Altamonte Springs FL 32714 Office Design 369169 31 9371 1385329 25256009 581215 26650709 Tuition & Fees 611710 131977169 131977169 Residential Room Charge 611710 9016900 9016900 Food Service 611710 6524180 6524180 Sales of Education Services 611710 3249923 3249923 Student Programs & Activities Ser 611710 730891 730891 566888 566888 152065951 6260906 6260906 9327 9327 1919885 1605605 314280 314280 -394219 708499 30386977 7696 24687106 53230 5699871 -45534 5654337 5654337 27106 9371 18488 8618 8618 Bookstore 611710 280364 280364 Parking Fees & Fines 611710 174527 174527 Sponsorships 611710 141204 141204 424324 442695 -18371 1020419 191984547 158759078 -412590 6987350 55588755 55588755 1913171 563761 1148290 201120 51185528 43354741 6771185 1059602 4497670 3720071 670811 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128950260 30182122 36782981 101378193 118027461 250334769 283760702 339060082 372000043 X 23522573 9237634 -64 665790 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3174930 X X X 0 150756818 21313141 20733969 2464079 3402800 809654 186127395 147734624 5804081 3109254 2044587 3352974 493580 150756818 124861138 4050767 24654567 2121012 3447411 263425 147734624 111435523 5905859 13314959 2466227 3157596 171380 124861138 127046491 3455908 -12778281 2376488 3694638 217469 111435523 0.31000 0.69000 1 0 1146962 8103823 9250785 178756532 68134339 110622193 23836416 16297089 7539327 30004846 19781776 10223070 137635375 Postretirement benefits 8265422 Refundable government loan funds 4940443 Annuities payable 2722323 Unamortized bond premium 466315 Deposits/Funds held for others 163585 16558088 X 146777743 9237634 -55289980 -46052346 192830089 823286 -1668828 -845542 191984547 113645304 1668828 1668828 111976476 823286 55662212 56485498 168461974 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. Description of Intended Use of Endowment Funds: 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 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. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: Schedule D, Part X, Line 2: Income taxes: The University is exempt from federal income taxation as defined by Section 501(c)(3) of the Internal Revenue Code and is generally exempt from state income taxes under the provisions of the Florida Nonprofit Corporation Act. Therefore, no provision for income taxes has been reflected in the accompanying consolidated financial statements. Management evaluated the University's tax positions and concluded that the College had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of the Income Taxes Topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (FASB ASC). With few exceptions, the University is no longer subject to income tax examinations by the U.S. federal, state, or local tax authorities for years before 2010. Part XI, Line 2d - Other Adjustments: Scholarships -55,588,755. Change in Actuarial Value of Annunities 372,232. Loss on Disposal of FA -73,457. Part XI, Line 4b - Other Adjustments: Expenses reported on Part VIII-Rental -1,038,352. Expenses reported on Part VIII-UBI Catering -567,253. Expenses reported on Part VIII-Exclusive Prov Expenses -44,735. Expenses reported on Part VIII-Fundraising Exp -18,488. Part XII, Line 2d - Other Adjustments: Expenses reported on Part VIII-Rental 1,038,352. Expenses reported on Part VIII-UBI Catering 567,253. Expenses reported on Part VIII-Exclusive Prov Expenses 44,735. Expenses reported on Part VIII-Fundraising Expenses 18,488. Part XII, Line 4b - Other Adjustments: Scholarships 55,588,755. Loss on Disposal of FA 73,457. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The University bulletin is made available to all prospective students via the University's website. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Stetson University participates in numerous federal and state programs listed in Stetson 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 Department of Health and Human Services National Science Foundation Corporation for National & Community Service State Programs are as follows: Florida Department of Education Department of Highway Safety and Motor Vehicles North America 0 0 Program Servies Furniture 208565 East Asia and the pacific 0 0 Program Services Recruiting 1749 North America 0 0 Program Servies Recruiting 1862 Europe 0 0 Program Servies Services 4658 South America 0 0 Program Servies Study Abroad - Argentina 21789 Central America and the Caribbean 0 0 Program Service Study Abroad - Cayman Islands 11644 Europe 0 0 Program Service Study Abroad - Czech Republic 45779 Europe. 0 0 Program Service Study Abroad - France 13969 Europe.. 0 0 Program Service Study Abroad - Germany 38448 East Asia and the Pacific 0 0 Program Service Study Abroad - Hong Kong 21425 Europe 0 0 Program Service Study Abroad - Netherlands 54571 Russia and Neighboring States 0 0 Program Service Study Abroad - Russia 9195 Europe 0 0 Program Service Study Abroad - Scotland 60361 Europe 0 1 Program Service Study Abroad - Spain 38402 Europe. 0 0 Program Service Study Abroad - United Kingdom 334042 0 0 0 1 0 1 310015 556444 866459 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 78260 0 RuffaloCODY LLC 65 Kirkwood North Road SW Cedar Rapids IA 524063018 Telephone Appeal 0 0 9745 0 88005 AL AR CA CT DE FL GA HI ID IL IN IA KS WY KY ME LA WI NJ NV NE MT MO MS MN MD WV VA VT UT TX TN SD SC RI PA OR OK OH ND NC NY NM Golf Tournament 1 23812 9371 14441 0 482 1100 6842 0 0 Golf Tournament 2 7955 0 7955 0 563 3726 296 453 656 1 4710 0 4710 0 0 2664 1664 0 42 36477 9371 27106 1045 7490 8802 453 698 18488 8618 1 Scholarship for talent, academic merit, athletic participation, and financial need. 3208 55588755 0 FMV Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Stetson University ensures that scholarships are used for their intended purpose by applying the award amount directly toward the recipient's student account charges. X X X X 1 1 X X X X X X 0 1 0 0 0 1 0 0 0 Wendy B Libby 384150 0 11700 0 23790 0 75000 0 33007 0 527647 0 0 0 Elizabeth Paul 266720 0 0 0 0 0 25000 0 23647 0 315367 0 0 0 Frank R Huth 228330 0 0 0 0 0 23725 0 20042 0 272097 0 0 0 Joel Bauman 166410 0 0 0 0 0 17150 0 15429 0 198989 0 0 0 Greg Carroll 157414 0 0 0 0 0 16637 0 17038 0 191089 0 0 0 Carol Julian 139750 0 0 0 0 0 13882 0 8488 0 162120 0 0 0 John Cooper 289973 0 0 0 0 0 24819 0 3240 0 318032 0 0 0 Peter F Lake 272697 0 0 0 0 0 19751 0 16446 0 308894 0 0 0 Rebecca Morgan 248158 0 0 0 0 0 21590 0 18144 0 287892 0 0 0 Ellen Podgor 241336 0 0 0 0 0 20520 0 13521 0 275377 0 0 0 Robert Bickel 230387 0 0 0 0 0 22917 0 8111 0 261415 0 0 0 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. Part I, Line 4b The University contributes to a supplemental nonqualified retirement plan under IRC Section 457(f) for the benefit of Wendy Libby, President. The amount contributed by the University for calendar year 2011 of $50,000 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. Part I, Line 6 In meeting targets for undergraduate enrollment, first year to second year retention, and the net income ratio. A Volusia County Educational Facilities Authority 800000613 928836HA6 2005-05-26 22705092 2005 Revenue Bonds-Refunded Series 1996A 0 0 0 B Volusia County Educational Facilities Authority 800000613 NoneAvail 2010-12-03 30000000 2010 Revenue Bonds-Refunded Series 1996B & 1999 and Additional $5,600,000 0 0 0 C Volusia County Educational Facilities Authority 800000613 NoneAvail 2011-12-16 10000000 2011 Revenue Bonds-Refunded Outstanding Everbank Note and Add't $6,600,385 0 0 0 A 5630000 22705092 743428 21961664 2005 0 1 1 1 B 2620000 30000000 22606 145450 5514550 24340000 2011 0 1 1 1 C 571107 10003573 69624 113674 6068719 3285942 535238 2012 1 0 0 1 A 0 0 0 0 1 0 1 B 0 0 0 0 1 0 1 C 0 0 0 0 1 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Schedule K Part IV, Arbitrage, Line 2c Date Rebate Computation Performed Issuer Name: Volusia County Educational Facilities Authority Date the Rebate Computation was Performed: 05/26/2010 J Hyatt Brown Trustee 1856804 Insurance Services provided by Trustee's corporation. 0 Cynthia R Brown Trustee 0 Insurance Services Provided by Trustee's corporation. 0 Steven Alexander Trustee 21000 Financial Consulting Services as an employee of the corporation he is employed at. 0 X 2 700 Fair Market Value X 10105 Fair Market Value X 29 470875 Fair Market Value X 17 76792 Fair Market Value X Gift in Kind 17 8022 Fair Market Value X Volunteer Expenses 43 14721 Actual Cost 0 1 0 Form 990, Part VI, Section A, line 2 The following Board member(s) has a family relationship during fiscal year 2012-2013. J.Hyatt Brown and Cynthia R. Brown (husband and wife) Form 990, Part VI, Section A, line 7a The President of Stetson Alumni Association is automatically a member of the full board of trustees for the period of his/her term as president. Form 990, Part VI, Section B, line 11 The University provides a draft copy of the Form 990 to the individual members of the Board of Trustees for review, prior to the May meeting. At the meeting, the audit committee of the Board formally reviews and discusses the return, and members are given the opportunity to request or provide additional information. Upon Board review, the final 990 is filed with the Internal Revenue Service. 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. The senior officers' compensation adjustments are reviewed and approved by the executive committee and full board. 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 Vice-President of Business and CFO. Electronic versions of the financial statements are available on the University's website. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in Value of Related Entity - Dana 293,558. Change in Actuarial Value of Annuites (20a) 372,232. There was no change in the audit committee oversight process during the year. The Charles A Dana Law Center Foundation 1401 61st Street South Gulfport FL 337073299 596135559 Contributions - Stetson University 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 Inc C 97637 All Allocated Interest & Dividend