2011-02-14T09:49:48-06:00 2010-06-30 Joseph Decosimo and Company PLLC 1100 Tallan Financial Center Chattanooga TN 37402 990 2009-07-01 620502739 LEE UNIVERSITY LEEU 4236148000 1120 NORTH OCOEE STREET CLEVELAND TN 37311 CHRIS CONINE 4236148102 2011-02-08 1 J Robert Wheat Jr 4237567100 2009 2016-02-24 21:20:13Z CHRIS CONINE 1120 NORTH OCOEE STREET CLEVELAND TN 373114475 79548412 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 2076 50 0 0 12050809 13134644 58506269 62119156 -1119352 -425090 0 69437726 74828710 13031960 13719316 0 24391171 24826587 0 471911 26219172 26570262 63642303 65116165 5795423 9712545 118683819 128783086 29830543 30806610 88853276 97976476 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 20326824 52569589 INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMAITELY 3,811 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. 16820871 13719316 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. 7348346 STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC. 7414940 9549567 AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF. INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM 7414940 9549567 51910981 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 217 0 1 2076 1 0 0 0 0 0 0 0 0 1 0 0 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 II 2.00 X 0 0 0 DR MIKE BAKER 2.00 X 0 0 0 MR CECIL BROWN 2.00 X 0 0 0 MRS PATRICIA CARROLL 2.00 X 0 0 0 MR H BERNARD DIXON 2.00 X 0 0 0 MR BILL W HIGGINBOTHAM 2.00 X 0 0 0 MR HECTOR DIAZ 2.00 X 0 0 0 MR TOM MADDEN 2.00 X 0 0 0 MR DENNIS LIVINGSTON 2.00 X 0 0 0 REVEREND RONALD D MARTI 2.00 X 0 0 0 MR BYRON MEDLIN 2.00 X 0 0 0 MR MARK WALKER 2.00 X 0 0 0 MR GARY SHARP 2.00 X 0 0 0 MR LEE STORMS 2.00 X 0 0 0 MR MARK HARRIS 2.00 X 0 0 0 PAUL CONN 40.00 X X 119453 0 75016 CHRIS CONINE 40.00 X 108850 0 22766 CAROLYN DIRKSEN 40.00 X 91350 0 9442 WALT MAULDIN 40.00 X 108126 0 21171 GARY RAY 40.00 X 101350 0 22514 HOWARD HAMMOND 40.00 X 66000 0 8422 MICHAEL HAYES 40.00 X 67000 0 1281 PHILLIP COOK 40.00 X 67215 0 15687 JAYSON VANHOOK 40.00 X 68600 0 3397 stephen plate 40.00 X 120803 0 18492 918747 0 198188 9 0 1 0 Tricon Inc 2040 N Ocoee St Cleveland TN 37311 Contractor for constructing buildings 3260146 Tynedale Group Travel Townfoot Garage Haltwhistle Northumberland UK NE49 OEJ travel agent 521555 RL Haney Construction Inc 693 Paragon Pkwy Cleveland TN 37312 Building and repair work 428436 Cultural Connections Group Tours 39 Saginaw Drive Ste 24 rochester NY 14623 Travel agent 192405 Ryzec Bldg Group LLC 133 Holiday Ct fraNKLIN TN 37067 Construction 168450 10 576254 12558390 717834 13134644 TUITION & FEES 611710 50423547 50423547 RESIDENCE HALLS 611710 5605285 5605285 DINING HALL 611710 3265378 3265378 LUDIC 611710 202682 202682 CAMPUS STORE 611710 191403 191403 2430861 2430861 62119156 167900 167900 4126712 4330709 388993 -203997 -388993 -592990 -592990 74828710 62119156 0 -425090 13719316 13719316 1042804 918747 98898 25159 21082664 17157761 3862243 62660 1116418 891065 225353 1584701 1298347 286354 9393 3600 5793 47446 47446 49483 49483 239560 239560 620208 125993 494215 975893 542849 433044 973472 814834 158638 490804 47868 442936 5000 5000 128928 128928 1062212 621427 440785 699726 457307 242419 745047 745047 3143397 3143397 1972333 1411038 561295 STUDENT & CAMPUS ACTIVI 6201683 4652354 1165237 384092 OPERATIONS AND MAINTENA 3322387 704676 2617711 FOOD SERVICES 2525221 2172022 353199 UTILITIES 2337433 2162563 174870 BAD DEBTS 405798 405798 614838 186842 427996 65116165 51910981 12733273 471911 3031746 2199620 975938 1629610 2856023 2086441 2786194 2494764 20065 61895 65975 150051650 38581431 99715577 111470219 8267418 8417035 968963 419422 118683819 128783086 4458812 2948050 1572064 1659465 18675873 20860428 5123794 5338667 29830543 30806610 X 78752602 88246236 1927282 2869432 8173392 6860808 88853276 97976476 118683819 128783086 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7997340 320161 311790 100000 8529291 9039820 294802 -721672 615610 7997340 0.19540 0.80460 0 0 15906593 15906593 86376686 14360985 72015701 15984611 6604933 9379678 21703529 15355671 6347858 10080231 2259842 7820389 111470219 MONEY MARKET CASH ACCOUNTS 633916 F CERTIFICATE OF DEPOSITS 780000 F COMMON STOCKS 3176927 F INTERNATIONAL EQUITY FUNDS 435940 F U.S. GOVERNMENT INSTRUMENTS 3390252 F 8417035 LIFE INCOME FUNDS 75933 LOAN ADVANCES-PERKINS LOANS 2213228 AGENCY FUNDS/STUDENT DEPOSITS 733448 LINE OF CREDIT 2000000 INTEREST RATE SWAP OBLIGATION 316058 5338667 74828710 65116165 9712545 306401 -895746 -589345 9123200 61804788 306401 306401 61498387 13330323 13330323 74828710 52681588 1284739 1284739 51396849 13719316 13719316 65116165 Part V, Line 4: Description of Intended Use of Endowment Funds: 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 8 - Other Adjustments: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION: -49418. PROVISION FOR UNCOLLECTIBLE PROMISES TO GIVE: -846328. Part XII, Line 2d - Other Adjustments: CHANGE IN UNREALIZED LOSS FROM INVESTMENTS: 306401. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS AWARDED, NETTED AGAINST TUITION & FEES ON FINANCIAL STATEMENTS: 13719316. LOSS ON DISPOSAL OF PLANT, PROPERTY, AND EQUIPMENT: -388993. Part XIII, Line 2d - Other Adjustments: LOSS ON DISPOSAL OF ASSETS: 388993. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION: 49418. PROVISION FOR UNCOLLECTIBLE PROMISES TO GIVE: 846328. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS AWARDED, NETTED AGAINST TUITION & FEES ON FINANCIAL STATEMENTS: 13719316. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 RECEIVES FEDERAL FINANCIAL AID 1 0 SCHOLARSHIP ALLOWANCES TO STUDENTS 2421 13719316 X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 PAUL CONN 107012 0 1500 0 10941 0 38189 0 36827 0 194469 0 186232 0 raymond conn raymond is the brother of the president of the university 5285883 THE UNIVERSITY HAS A MEMBER OF ITS ADMINISTRATION WHO HAS A RELATIVE WITH A FINANCIAL INTEREST IN A CONSTRUCTION COMPANY WHICH THE UNIVERSITY HAS ENGAGED TO PERFORM CERTAIN CONTRUCTION PROJECTS. 0 X 1 717834 FAIR MARKET VALUE 0 0 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 HAS ENGAGED TO PERFORM CONSTRUCTION PROJECTS. THE AMOUNT DUE TO THE CONSTRUCTION COMPANY AS OF JUNE 30, 2010 AND 2009, TOTALED $125,000 AND $659,632, RESPECTIVELY, AND AMOUNTS PAID TO THE COMPANY TOTALED $5,285,883 AND $5,925,176 FOR THE YEARS ENDED JUNE 30, 2010 AND 2009. ALL CONTRACTS ARE SUBJECT TO BOARD APPROVAL. Form 990, Part VI, Section B, line 11 THE 990 IS REVIEWED BY THE CPA 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 23C: NO CHANGE FROM PRIOR YEAR