2013-05-14T14:59:50-05:00 2012-06-30 990 2011-07-01 590624416 Stetson University Inc STET 3868227015 421 North Woodland Blvd No 8278 Deland FL 32723 F Robert Huth Jr 3868227015 2013-05-14 2011 2016-02-24 21:20:13Z F Robert Huth Jr 421 N Woodland Blvd Unit 8278 Deland FL 32723 192296852 0 X WWW.STETSON.EDU X 1883 FL Educational Services 29 28 2784 200 -272242 -272242 15207148 14027363 131673256 141802973 11219830 8156025 726456 1600277 158826690 165586638 40680674 47118918 0 0 63231267 65888656 0 133600 2468111 41856237 44039343 145768178 157180517 13058512 8406121 328338875 339060082 81577133 88725313 246761742 250334769 X 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 124606747 47118918 132487674 Educational: The University provides high quality educational services to students on four different campuses, serving nearly 2,300 undergraduate students and 1,600 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 the Juris Doctor, Master of Laws, and Master of Jurisprudence degrees. The undergraduate student to faculty ratio is 12:1; The Deland campus has 184 full-time faculty members, 93 percent of whom hold Ph.D. or equivalent degrees. The College of Law campus employs over 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. 13610979 13486583 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 student housing options, including dormitories and apartment-style accommodations. In addition, the University offers a full array of dining services, student convenience store, campus bookstore, and print shop. As an NCAA division I school in the Atlantic Sun Conference, Stetson participates competitively in men's and women's basketball, soccer, tennis, golf, and cross-country, as well as women's volleyball, softball, lacrosse and crew. 138217726 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0 0 0 0 1 5751 0 1 2784 1 1 1 1 SP 0 0 0 1 1 0 0 0 0 X 29 28 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 444254 0 57377 Maureen Breakiron-Evans 0.00 X 0 0 0 Cynthia Brown 0.00 X 0 0 0 J Hyatt Brown 0.00 X 0 0 0 Emerson Brumback 0.00 X 0 0 0 S Sammy Cacciatore 0.00 X 0 0 0 Nelson Clemmens 0.00 X 0 0 0 Joe R Cooper 0.00 X 0 0 0 Bonnie Foreman 0.00 X 0 0 0 Kathleen L Graf 0.00 X 0 0 0 Dolly Hand 0.00 X 0 0 0 R Dean Hollis 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 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 Walda 0.00 X 0 0 0 Charles A Wolfe 0.00 X 0 0 0 Elizabeth Paul 50.00 X 251919 0 47536 Greg Carroll 50.00 X 152848 0 31561 Linda Davis 50.00 X 143727 0 37634 Frank Huth 50.00 X 100346 0 17289 Cristina Tovar 40.00 X 104425 0 19152 Rebecca Morgan 40.00 X 264613 0 39681 John Cooper 40.00 X 258897 0 23870 Peter Lake 40.00 X 252334 0 36354 Charles Rose 40.00 X 227166 0 14564 Robert Bickel 40.00 X 225161 0 30828 Darby Dickerson 50.00 X 172726 0 22322 George Herbst 50.00 X 151760 0 18550 2750176 0 396718 79 1 1 0 Blue Cross Blue Shield of Florida PO Box 660299 Jacksonville FL 32231 Insurance 7052163 Sodexho Inc & Affiliates 4001 West Tampa Bay Blvd Tampa FL 33614 Food Service 4085829 Bace Construction Inc 1623 Alligator Road DeLand FL 32724 Construction 2142655 Brown and Brown of Florida Inc PO Box 2480 Daytona Beach FL 32115 Insurance 1369890 Cadon Education 158 Lookout Place Maitland FL 32751 Education 827393 38 12680 2908119 11106564 287428 14027363 Tuition & Fees 611710 124583781 124583781 Residential Room Charg 611710 7359120 7359120 Food Service 611710 5576493 5576493 Sales of Educ Services 611710 3116346 3116346 Athletics 611710 550970 550970 616263 616263 141802973 5021195 5021195 22922 22922 2287946 1750378 537568 537568 -254374 791942 28025512 8404 24842668 56418 3182844 -48014 3134830 3134830 81951 12680 60750 21201 21201 Sponsorships 611710 192912 192912 Traffic Fees and Fines 611710 171410 171410 Concessions 900099 72669 72669 581595 599463 -17868 1018586 165586638 145974257 -272242 5857260 47118918 47118918 1417592 386690 881920 148982 48879321 41485473 6248091 1145757 4301452 3580957 609767 110728 7988681 6650574 1132463 205644 3301610 2748589 468031 84990 211380 211380 197831 197831 245144 245144 133600 133600 508970 508970 3375496 2942264 408073 25159 693258 207032 446252 39974 4083096 2989734 889337 204025 2683607 2027901 647286 8420 38367 38367 6306072 5595868 646952 63252 3506540 3309533 142204 54803 572170 489711 73146 9313 2067371 1914193 135290 17888 7934340 7235009 657293 42038 1610026 565377 1043818 831 Meals/Food Service 5511847 5354806 39922 117119 Subscriptions 299404 260548 28986 9870 Purchases for Resale 289610 289610 Books/Periodicals 201201 189671 11530 3703613 2836901 820994 45718 157180517 138217726 16494680 2468111 639600 675512 30545846 33866844 12527841 10593209 2066414 2195187 5473641 6012115 392024 333010 1029441 2273044 234708766 99667638 131828336 135041128 130038630 134215690 13797102 13854343 328338875 339060082 8989468 11092879 3048324 2724266 46955000 54982469 3670253 554053 18914088 19371646 81577133 88725313 X 118153931 118774454 27441422 30182122 101166389 101378193 246761742 250334769 328338875 339060082 X 8406121 -4833094 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3077195 X X X 0 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 0.32000 0.68000 1 0 1167462 6554180 7721642 172490231 63557509 108932722 24523286 17404935 7118351 29973607 18705194 11268413 135041128 Postretirement benefits 10558350 Refundable government loan funds 4969290 Annuities payable 3247989 Unamortized bond premium 540973 Deposits/Funds held for others 55044 19371646 165586638 157180517 8406121 -4540777 -292317 -4833094 3573027 162118441 -4540777 1581550 -2959227 165077668 508970 508970 165586638 158545414 1873867 1873867 156671547 508970 508970 157180517 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: The University is recognized as exempt from federal income taxes and accordingly the financial statements do not reflect a provision for income taxes. The current auditor deemed that no footnote disclosure was necessary. Part XI, Line 8 - Other Adjustments: Change in actuarial value of annuities -272,503. Change in value of related entity -19,814. Total to Schedule D, Part XI, Line 8: -292,317. Part XII, Line 2d - Other Adjustments: Expenses reported on Page 1 1,854,053. Change in actuarial value of annuities -272,503. Part XIII, Line 2d - Other Adjustments: Expenses reported on page 1 1,854,053. Change in value of affiliated entity 19,814. 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 website. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Stetson University participates in numerous federal and state programs listed in Stetsons 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 Central America and the Caribbean 0 0 Program Services Study Abroad - Carribean 6832 Central America and the Caribbean 0 0 Program Services Study Abroad - Cayman Islands 71155 East Asia and the Pacific 0 0 Program Services Study Abroad - China 38272 East Asia and the Pacific 0 0 Program Services Study Abroad - Hong Kong 31717 East Asia and the Pacific 0 0 Program Services Study Abroad - New Zealand 51951 Europe 0 0 Program Services Study Abroad - France 41507 Europe 0 0 Program Services Study Abroad - Scotland 25654 Europe 0 0 Program Services Study Abroad - Germany 41773 Europe 0 0 Program Services Study Abroad - Netherlands 82484 Europe 0 0 Program Services Study Abroad - Austria 23368 Europe 0 0 Program Services Study Abroad - Italy 17290 Europe 0 0 Program Services Study Abroad - United Kingdom 182556 Europe 1 0 Program Services Study Abroad - Spain 100299 Middle East and North Africa 0 0 Program Services Conference 3600 North America 0 0 Program Services Research 3115 North America 0 0 Program Services Study Abroad - Cuba 19790 South America 0 0 Program Services Study Abroad - Argentina 26640 0 0 1 0 1 0 308861 459142 768003 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 81531 0 RuffaloCody Inc 65 Kirkwood North Road SW Cedar Rapids IA 52406 Telephone Appeal 0 0 52069 0 133600 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 Concert 41141 41141 17585 2632 1924 12782 Golf Tournament 26749 9755 16994 2350 780 7920 2 26741 2925 23816 5291 1880 7235 371 94631 12680 81951 7641 20245 17787 1924 13153 60750 21201 1 Scholarships for talent, academic merit, athletic participation, and financial need 2789 47118918 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 awarded amount directly toward the recipients' student account charges. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Wendy B Libby 444254 0 0 0 0 0 24500 0 32877 0 501631 0 0 0 Elizabeth Paul 251919 0 0 0 0 0 24500 0 23036 0 299455 0 0 0 Greg Carroll 152848 0 0 0 0 0 16099 0 15462 0 184409 0 0 0 Linda Davis 143727 0 0 0 0 0 16284 0 21350 0 181361 0 0 0 Rebecca Morgan 264613 0 0 0 0 0 21033 0 18648 0 304294 0 0 0 John Cooper 258897 0 0 0 0 0 20768 0 3102 0 282767 0 0 0 Peter Lake 252334 0 0 0 0 0 19205 0 17149 0 288688 0 0 0 Charles Rose 227166 0 0 0 0 0 13890 0 674 0 241730 0 0 0 Robert Bickel 225161 0 0 0 0 0 22436 0 8392 0 255989 0 0 0 Darby Dickerson 172726 0 0 0 0 0 17187 0 5135 0 195048 0 0 0 George Herbst 151760 0 0 0 0 0 15306 0 3244 0 170310 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 university policy, except in very limited cases where the president's spouse is required or expected to attend. 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 provide housekeeping services at the president's residence. Catering services are also provided for university functions and events held at the president's residence. Volusia County Educational Facilities Authority 800000613 928836HA6 2005-05-26 22705092 2005 Revenue Bonds-Refunded Series 1996A 0 0 0 Volusia County Educational Facilities Authority 800000613 NoneAvail 2010-12-03 30000000 2010 Revenue Bonds-Refunded Series 1996B & 1999 and Additional $5,660,000 0 0 0 Volusia County Educational Facilities Authority 800000613 NoneAvail 2011-12-16 10000000 2011 Revenue Bonds-Refunded Outstanding Everbank Note and Add'l $6,600,385 0 0 0 4755000 22705092 743428 21961664 2005 0 1 1 1 1660000 3000000 22606 145450 5514550 24340000 2011 0 1 1 1 197531 10000000 69624 113674 3665358 3285942 2935026 2012 0 1 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X J Hyatt Brown Trustee 1369890 Insurance Services provided by Trustee's corporation 0 Cynthia R Brown Trustee Same as above. 0 X 7 5249 Fair Market Value X 8028 Fair Market Value X 20 221542 Fair Market Value X 16 12335 Fair Market Value X Gift in Kind 12 19664 Fair Market Value X Volunteer Expenses 123 20608 Actual Cost 0 0 0 Form 990, Part VI, Section A, line 2 The following Board members had a family relationship during fiscal year 2011-2012: J. Hyatt Brown & 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 her/his 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 form 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 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 increases or adjustments 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 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 5: Net unrealized losses on investments: -4,540,777. Change in actuarial value of annuities -272,503. Change in value of related entity -19,814. Total to Form 990, Part XI, Line 5: -4,833,094. Form 990, Part XII, line 2c, Oversight process 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) 5 Stetson University Inc 0 0 1 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 84803 All Allocated Interest & Dividend