2011-05-16T13:01:41-05:00 2010-06-30 990 2009-07-01 590624416 STETSON UNIVERSITY INC STET 3868227015 421 NORTH WOODLAND BOULEVARD No 8278 DELAND FL 32723 GEORGE H HERBST 3868227015 2011-05-16 2009 2016-02-24 21:20:13Z GEORGE H HERBST 421 NORTH WOODLAND BOULEVARD No 8278 DELAND FL 32723 171445574 0 X WWW.STETSON.EDU X 1883 FL EDUCATIONAL SERVICES 34 33 2724 195 -205672 -245794 14684303 13658579 122853736 126171634 -14295997 6289648 604760 732931 123846802 146852792 32822608 35813952 0 63957291 65794875 27010 0 4251854 42154539 41485797 138961448 143094624 -15114646 3758168 286174278 297788061 77403796 78065658 208770482 219722403 STETSON UNVERSITY'S MISSION 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 AROUND THE WORLD. 0 0 113856115 35813952 74895482 EDUCATIONAL: THE UNIVERSITY PROVIDES HIGH QUALITY EDUCATIONAL SERVICES TO STUDENTS ON FOUR DIFFERENT CAMPUSES, SERVING 2,114 UNDERGRADUATE STUDENTS AND 1,676 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, INCLUDING JURIS DOCTOR, MASTER OF LAWS, AND MASTER OF JURISPRUDENCE DEGREES. THE UNDERGRADUATE STUDENT TO FACULTY RATIO IS 11:1; STETSON'S DELAND CAMPUS HAS 195 FULL-TIME FACULTY MEMBERS, 95 PERCENT OF WHOM HOLD PH.D. OR EQUIVALENT DEGREES. THE COLLEGE OF LAW CAMPUS EMPLOYES OVER 55 PROFESSORS AND IS SUPPLEMENTED BY 51 EXPERIENCED PRACTITIONERS IN SPECIALIZED AREAS. STETSON UNIVERSITY HAS BEEN CONSISTENTLY RANKED AMONG THE SOUTH'S TOP FOUR REGIONAL UNIVERSITIES BY U.S. NEWS & WORLD REPORT, WITH THE COLLEGE OF LAW RANKED NO. 1 FOR TRIAL ADVOCACY AND NO. 5 FOR LEGAL WRITING. 15024607 51276152 AUXILIARY ENTERPRISES: THE UNIVERSITY CONDUCTS AUXILIARY ENTERPRISES 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 ACCOMODATIONS. 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, AND CREW. 128880722 1 1 0 0 0 0 1 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 1 0 1 5695 0 2724 1 1 1 1 SP 0 0 0 0 1 1 1 1 34 33 1 0 1 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 FL X X George H Herbst 3868227015 421 N Woodland Blvd Unit 8278 DeLand FL 32723 CYNTHIA R BROWN X 0 0 0 J HYATT BROWN X 0 0 0 EMERSON BRUMBACK X 0 0 0 S SAMMY CACCIATORE JR X 0 0 0 NELSON CLEMMENS X 0 0 0 NESTOR DE ARMAS X 0 0 0 BONNIE FOREMAN X 0 0 0 LEO GOVONI X 0 0 0 WILLIAM GRAY X 0 0 0 DOLLY HAND X 0 0 0 R DEAN HOLLIS X 0 0 0 JILL JINKS X 0 0 0 C PAUL JOHNSON X 0 0 0 GEOFFREY JOLLAY X 0 0 0 JOSEPH W LANDERS JR X 0 0 0 L PATRICK LANE X 0 0 0 WENDY B LIBBY 50.00 X X 363341 0 97641 GARY R LIBBY X 0 0 0 CHRISTINE E LYNN X 0 0 0 JOSHUA MAGIDSON X 0 0 0 LEE MCGRAW X 0 0 0 EARNEST W MURPHY X 0 0 0 JANE EDMUNDS NOVAK X 0 0 0 HARLAN PAUL X 0 0 0 LUIS PRATS X 0 0 0 BILLY RALEY X 0 0 0 GARY D REDDICK X 0 0 0 DAVID B RINKER X 0 0 0 MACK CLEVELAND X 0 0 0 FRANKLIN T GAYLORD X 0 0 0 MARK C HOLLIS X 0 0 0 RICHARD A MCMAHAN X 0 0 0 THOMAS F WANDS X 0 0 0 PATRICIA M WILSON X 0 0 0 DARBY DICKERSON 50.00 X 246338 0 30469 ELIZABETH PAUL 50.00 X 235660 0 35036 JAMES BEASLEY 50.00 X 231968 0 30053 DEBORAH THOMPSON 50.00 X 156608 0 24030 LINDA DAVIS 50.00 X 146500 0 28131 GREG CARROLL 50.00 X 102538 0 17217 GEORGE HERBST 50.00 X 105384 0 11956 BRUCE JACOB 40.00 X 205687 0 32219 JOHN COOPER 40.00 X 187952 0 20628 ROBERT BICKEL 40.00 X 201592 0 22259 ELLEN POGDOR 40.00 X 179250 0 29308 REBECCA MORGAN 40.00 X 190348 0 30285 SALLY DOWLING 50.00 X 87068 0 13536 2640234 0 422768 98 1 1 0 SODEXHO INC PO BOX 905374 CHARLOTTE NC 28290 FOOD SERVICE 3847296 BACE CONSTRUCTION INC 1623 Alligator Road DELAND FL 32724 CONTRACTORS 415572 DELL MARKETING LP PO Box 534118 ATLANTA GA 30353 CONTRACTORS 273040 ERNST & YOUNG LLP PO Box 406725 ATLANTA GA 30384 CONTRACTORS 221712 OTIS ELEVATOR CO PO Box 905454 Charlotte NC 28290 CONTRACTORS 175722 63 56449 110627 3086833 10404670 1128620 13658579 TUITION & FEES 611710 107019846 107019846 DORMITORY/ROOM CHARGES 611710 6762324 6762324 FOOD SERVICES 611710 4545768 4545768 SALES OF EDUC SERVICES 611710 3762291 3762291 BOOKSTORE SALES 611710 2474566 2474566 1606839 1606839 126171634 4026935 4026935 33833 33833 2311555 2054897 256658 256658 -244664 501322 24756201 8000 22501488 2254713 8000 2262713 2262713 26267 56449 36397 -10130 -10130 TRAFFIC FINES 611710 199670 199670 VENDING REVENUES 900099 151630 151630 SUBSCRIPTION SALES 611710 61324 61324 39946 38992 954 452570 146852792 126171634 -205672 7228251 35813952 35813952 1963477 631936 931263 400278 47179552 41399579 3845755 1934218 4184357 3578837 406746 198774 9298898 7948159 907332 443407 3168591 2710063 308007 150521 264649 264649 109797 109797 247645 247645 2329304 2204419 60159 64726 461759 285814 9160 166785 3763776 2370475 992554 400747 1240629 2556537 -1341659 25751 4893035 4469402 398082 25551 3028022 2917741 57355 52926 250854 219673 18219 12962 2427219 2197589 210137 19493 7589731 6932005 619842 37884 1047069 346835 698750 1484 OTHER 6986954 5946025 894126 146803 MEALS AND ENTERTAINMENT 3237723 2947405 139598 150720 PURCHASED FOR RESALE 2196199 2196031 168 PROFESSIONAL FEES 563734 541283 22451 BAD DEBT 376227 376227 471471 290735 161912 18824 143094624 128880722 9962048 4251854 3445483 662818 16748655 25340507 8079374 9069692 3324806 3571093 5453077 5373503 870818 818036 1263833 1115739 218135772 87879756 134100217 130256016 24471538 27449443 76155677 81616858 12260800 12514356 286174278 297788061 7976927 8847902 3064858 2725988 44195000 42845000 4426541 4045761 17740470 19601007 77403796 78065658 X 100720674 105974420 15523338 16792026 92526470 96955957 208770482 219722403 286174278 297788061 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 145185918 145185918 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 66097 5000 90000 0 161097 250000 250000 250000 250000 1000000 1500000 2665000 X X X 0 109840285 5892358 13219372 2715378 3092390 173112 122971135 125079430 3067000 -12625145 2258276 3119544 303180 109840285 0.30000 0.70000 0.00000 1 0 1167462 6087115 7254577 158893690 55259509 103634181 23707198 16169931 7537267 28280307 16450316 11829991 130256016 MUTUAL FUNDS 81616858 F 81616858 POSTRETIREMENT BENEFITS 10830052 REFUNDABLE GOVERNMENT LOAN FUNDS 4658080 ANNUITIES PAYABLE 3578968 UNAMORTIZED DISCOUNT OF BONDS 386037 FUNDS HELD FOR OTHERS 147870 19601007 146852792 143094624 3758168 7193753 7193753 10951921 155930520 6838841 2238887 9077728 146852792 0 146852792 145185918 2091294 2091294 143094624 0 143094624 Part III, Line 1a: 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. Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part XI, Line 8 - Other Adjustments: ADJUSTMENT FOR VALUING INVESTMENTS AT MARKET: 6838841. CHANGE IN ACTUARIAL VALUE OF ANNUITIES: 147592. INCREASE IN INVESTMENT IN AFFILIATED ENTITY: 207320. Part XII, Line 2d - Other Adjustments: ACTUARIAL ADJUSTMENT: 147593. EXPENSES REPORTED ON PAGE 1: 2091294. Part XIII, Line 2d - Other Adjustments: EXPENSES REPORTED ON PAGE 1: 2091294. 1 1 1 THE UNIVERSITY BULLETIN IS MADE AVAILABLE TO ALL PROSPECTIVE STUDENTS VIA THE WEBSITE 1 1 1 1 0 0 0 0 0 0 0 0 1 0 STETSON UNIVERSITY PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS. AS 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 EDUCATIONUS DEPARTMENT OF STATENATIONAL INSTITUTE OF JUSTICENATIONAL SCIENCE FOUNDATIONCORPORATION FOR NATIONAL & COMMUNITY SERVICEBUREAU OF JUSTICE ASSISTANCESTATE PROGRAMS ARE AS FOLLOWS:FLORIDA DEPARTMENT OF EDUCATIONDEPARTMENT OF HIGHWAY SAFETY AND MOTOR VEHICLES 1 EUROPE 1 1 PROGRAM SERVICES EDUCATIONAL SERVICES 81317 1 1 81317 GOLF MARATHON 4000 4000 3899 GOLF FUNDRAISER - ALUMNI ASSOC. 13710 4030 9680 3310 6335 1 65006 52419 12587 15725 7128 82716 56449 26267 3310 10234 15725 7128 36397 -10130 0 SCHOLARSHIPS FOR ACADEMIC MERIT, ATHLETIC PARTICIPATION, AND FINANCIAL NEED 3817 35813952 FMV Other Information: Part IV: SCHEDULE I, PART 1, LINE 2: STETSON UNIVERSITY ENSURES THAT SCHOLARSHIPS ARE USED FOR THEIR INTENDED PURPOSE BY APPLYING THE AWARDED AMOUNT DIRECTLY TOWARD THE RECIPIENT'S STUDENT ACCOUNT CHARGES. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 WENDY B LIBBY 363341 0 0 0 0 0 36000 0 61641 0 460982 0 0 0 DARBY DICKERSON 246338 0 0 0 0 0 24947 0 5522 0 276807 0 0 0 ELIZABETH PAUL 235660 0 0 0 0 0 23566 0 11470 0 270696 0 0 0 JAMES BEASLEY 231968 0 0 0 0 0 24531 0 5522 0 262021 0 0 0 DEBORAH THOMPSON 156608 0 0 0 0 0 16195 0 7835 0 180638 0 0 0 LINDA DAVIS 146500 0 0 0 0 0 15717 0 12414 0 174631 0 0 0 GREG CARROLL 102538 0 0 0 0 0 10254 0 6963 0 119755 0 0 0 GEORGE HERBST 105384 0 0 0 0 0 10538 0 1418 0 117340 0 0 0 BRUCE JACOB 205687 0 0 0 0 0 21903 0 10316 0 237906 0 0 0 JOHN COOPER 187952 0 0 0 0 0 19862 0 766 0 208580 0 0 0 ROBERT BICKEL 201592 0 0 0 0 0 21493 0 766 0 223851 0 0 0 ELLEN POGDOR 179250 0 0 0 0 0 18992 0 10316 0 208558 0 0 0 REBECCA MORGAN 190348 0 0 0 0 0 19969 0 10316 0 220633 0 0 0 SALLY DOWLING 87068 0 0 0 0 0 9485 0 4051 0 100604 0 0 0 Part I, Line 1a THE PRESIDENT'S SPOUSE ACCOMPANIED HER ON NO MORE THAN TWO TRIPS DURING FISCAL YEAR 2009-2010. HIS PRESENCE WAS EXPECTED AND NECESSARY FOR THE EVENTS. 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. VOLUSIA COUNTY EDUCATIONAL FACILITIES 800000613 928836HA6 2005-05-26 22705092 2005 REVENUE BONDS - REFUNDED SERIES 1996A 0 1 22705092 21961664 743428 2006 0 1 1 1 0 0 0 0 0 0 J HYATT BROWN TRUSTEE 1463305 INSURANCE SERVICES PROVIDED BY TRUSTEE'S CORPORATION 0 CYNTHIA R BROWN TRUSTEE SAME AS ABOVE 0 X 9 805794 FAIR MARKET VALUE X 1 268800 FAIR MARKET VALUE X 2 7733 FAIR MARKET VALUE X GIFT ANNUITY 1 32566 FAIR MARKET VALUE X VARIOUS SMALL GIFTS 1 2713 FAIR MARKET VALUE X DONATED VOLUNTEER EXPENSES 3 4185 FAIR MARKET VALUE X GIFT-IN-KIND 2 3006 FAIR MARKET VALUE X TICKETS 1 3823 FAIR MARKET VALUE 0 1 1 Third Party Use: Part I, Line 32b: THE UNIVERSITY EMPLOYS A THIRD-PARTY BROKER, GUNBY & COMPANY, A RAYMOND JAMES FIRM, TO LIQUIDATE ALL SECURITIES DONATED TO STETSON FOR CHARITABLE PURPOSES. AS PART OF THIS AGREEMENT, THE BROKER RETAINS APPROPRIATE SALES COMMISSIONS ON ALL SALES, WHICH ARE IN-LINE WITH NATIONAL STANDARDS FOR COMPARABLE FIRMS. Form 990, Part VI, Section A, line 2 THE FOLLOWING BOARD MEMBERS HAD A FAMILY RELATIONSHIP DURING FISCAL YEAR 2009-2010: H. HYATT BROWN & CYNTHIA R. BROWN (HUSBAND AND WIFE) Form 990, Part VI, Section A, line 4 THE UNIVERSITY'S BY-LAWS WERE AMENDED TO REDEFINE THE STANDING COMMITTEES OF THE BOARD AND TO RESTATE TRUSTEE RESPONSIBILITIES AND TERMS OF SERVICE. 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 FORMS FOR POSSIBLE CONFLICT ISSUES. THE AUDIT COMMITTEE IS RESPONSIBLE FOR ENFORCEMENT AND DISCLOSURE OF ISSUES, AND ANY REQUIRED ACTION. 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, DETAILED IN THEIR EMPLOYMENT CONTRACT, 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. FORM 990, PART XI, LINE 2C: THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS OF THE REVIEW AND SELECTION HAS NOT CHANGED SINCE THE FILING OF THE PRIOR FORM 990. 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) SEC170(B)(1)(A) STETSON UNIVERSITY INC 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 THE CHARLES A DANA LAW CENTER FOUNDATION INC B 74855 THE CHARLES A DANA LAW CENTER FOUNDATION INC P 8500 THE CHARLES A DANA LAW CENTER FOUNDATION INC Q 5500