Totals
- Total revenue
- $141,667,115
- Total expenses
- $143,684,895
- Contributions and grants received
- $6,555,304
- Grants paid
- $31,976,622
- Program service revenue
- $132,698,942
- Investment income
- $1,525,041
- Other revenue
- $887,828
- Total assets, end of year
- $240,693,359
- Total liabilities, end of year
- $99,371,489
- Net assets or fund balances, end of year
- $141,321,870
- Program services expenses (Part IX)
- $116,692,751
- Management and general expenses
- $26,137,516
- Fundraising expenses
- $854,628
- Program service expenses (Part III)
- $116,692,751
Program services were 81.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$6,179
-
1e · Government grants (contributions)
$3,006,186
-
1f · All other contributions, gifts and grants
$3,542,939
-
1g · Noncash contributions included above
$38,684
-
2a · Program service revenue: TUITION AND FEES
total $113,447,078 · related or exempt $113,447,078
-
2b · Program service revenue: AUXILIARY INCOME
total $18,951,956 · related or exempt $18,951,956
-
2c · Program service revenue: CAMPS/CONFERENCES
total $281,063 · related or exempt $281,063
-
2d · Program service revenue: MISC REVENUES
total $18,845 · related or exempt $18,845
-
3 · Investment income
total $2,492,200 · excluded $2,492,200
-
7a · Gross sales of assets other than inventory
securities $30,897,329 · other assets $403
-
7b · Less cost or other basis and sales expenses
securities $31,864,891 · other assets $0
-
7c · Gain or loss
securities -$967,562 · other assets $403
-
7d · Net gain or loss
total -$967,159 · excluded -$967,159
-
8a · Fundraising events: gross income
$52,806
-
8a · Fundraising events: contributions included on line 1c
$6,179
-
8b · Fundraising events: direct expenses
$21,855
-
8c · Net income from fundraising events
total $30,951 · excluded $30,951
-
11a · Other revenue: COMMISSION
total $356,523 · excluded $356,523
-
11b · Other revenue: MEMBERSHIPS
total $249,548 · related or exempt $13,346 · unrelated business $236,202
-
11c · Other revenue: FACILITY RENTAL
total $183,346 · related or exempt $63,223 · unrelated business $120,123
-
11d · All other revenue
total $67,460 · related or exempt $21,263 · unrelated business $46,197
-
11e · Other revenue, total
$856,877
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $26,091,250 · program services $26,091,250
-
3 · Grants to foreign organizations and individuals
total $5,885,372 · program services $5,885,372
-
5 · Compensation of officers, directors and key employees
total $1,368,452 · management and general $1,368,452
-
7 · Other salaries and wages
total $48,090,832 · program services $36,383,094 · management and general $11,125,750 · fundraising $581,988
-
8 · Pension plan contributions
total $6,630 · program services $4,405 · management and general $2,225
-
9 · Other employee benefits
total $10,311,506 · program services $8,311,236 · management and general $1,894,848 · fundraising $105,422
-
10 · Payroll taxes
total $3,666,092 · program services $2,864,590 · management and general $761,268 · fundraising $40,234
-
11b · Fees: legal
total $74,904 · management and general $74,904
-
11c · Fees: accounting
total $151,570 · management and general $151,570
-
11f · Fees: investment management
total $269,160 · program services $269,160
-
11g · Fees: other
total $4,432,389 · program services $3,784,517 · management and general $646,884 · fundraising $988
-
12 · Advertising and promotion
total $9,138,152 · program services $8,852,313 · management and general $283,339 · fundraising $2,500
-
13 · Office expenses
total $1,664,760 · program services $1,194,196 · management and general $453,143 · fundraising $17,421
-
14 · Information technology
total $5,506,821 · program services $581,748 · management and general $4,855,961 · fundraising $69,112
-
16 · Occupancy
total $2,291,588 · program services $2,279,479 · management and general $12,109
-
17 · Travel
total $693,079 · program services $657,116 · management and general $32,301 · fundraising $3,662
-
19 · Conferences, conventions and meetings
total $94,848 · program services $74,775 · management and general $19,833 · fundraising $240
-
20 · Interest
total $4,043,376 · program services $3,726,148 · management and general $317,228
-
22 · Depreciation, depletion and amortization
total $7,630,452 · program services $7,013,064 · management and general $617,388
-
23 · Insurance
total $2,553,416 · management and general $2,553,416
-
24a · Other expenses: EDUCATIONAL MATERIAL
total $2,903,208 · program services $2,903,208
-
24b · Other expenses: BAD DEBT EXPENSE
total $1,980,743 · program services $1,980,743
-
24c · Other expenses: FOOD PURCHASES
total $1,456,237 · program services $1,454,390 · management and general $1,659 · fundraising $188
-
24d · Other expenses: DUES/SUBSCRIPTIONS
total $1,007,020 · program services $678,082 · management and general $309,276 · fundraising $19,662
-
24e · All other expenses
total $2,373,038 · program services $1,703,865 · management and general $655,962 · fundraising $13,211
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $838,568 · end of year $1,989,374
-
2 · Savings and temporary cash investments
beginning of year $195,721 · end of year $83,672
-
3 · Pledges and grants receivable
beginning of year $2,963,727 · end of year $4,028,741
-
4 · Accounts receivable
beginning of year $4,367,528 · end of year $6,717,953
-
8 · Inventories for sale or use
beginning of year $271,442 · end of year $236,267
-
9 · Prepaid expenses and deferred charges
beginning of year $2,541,023 · end of year $2,298,691
-
10a · Land, buildings and equipment: cost or other basis
$263,178,408
-
10b · Land, buildings and equipment: accumulated depreciation
$126,477,404
-
10c · Land, buildings and equipment, net
beginning of year $144,721,689 · end of year $136,701,004
-
11 · Investments: publicly traded securities
beginning of year $70,159,029 · end of year $73,395,434
-
12 · Investments: other securities
beginning of year $3,600,920 · end of year $3,824,540
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $13,145,637 · end of year $11,417,683
-
17 · Accounts payable and accrued expenses
beginning of year $6,860,226 · end of year $6,493,278
-
18 · Grants payable
beginning of year $149,883 · end of year $137,962
-
19 · Deferred revenue
beginning of year $1,508,557 · end of year $1,472,631
-
20 · Tax-exempt bond liabilities
beginning of year $71,481,422 · end of year $69,976,570
-
21 · Escrow or custodial account liability
beginning of year $248,139 · end of year $175,306
-
23 · Secured mortgages and notes payable
beginning of year $15,249,008 · end of year $17,250,287
-
25 · Other liabilities
beginning of year $5,568,288 · end of year $3,865,455
-
27 · Net assets without donor restrictions
beginning of year $116,860,208 · end of year $113,349,464
-
28 · Net assets with donor restrictions
beginning of year $24,879,553 · end of year $27,972,406
Mission and programs · 2023
Mission
SAINT LEO IS AN INVENTIVE GLOBAL CATHOLIC LIBERAL ARTS UNIVERSITY THAT FOSTERS A PERSONAL & INCLUSIVE COMMUNITY WHICH EDUCATES, PREPARES, & DEVELOPS STUDENTS FOR SUCCESS, AND CONSISTS OF DIVERSE LEARNERS WHO BOLDLY CONFRONT THE CHALLENGES OF OUR WORLD THROUGH SERVICE TO OTHERS.
Activities or mission (Part I)
SAINT LEO UNIVERSITY WELCOMES AND EMBRACES IN THE CATHOLIC BENEDICTINE TRADITION (SEE SCHEDULE O) INDIVIDUALS OF ALL FAITHS. THE UNIVERSITY SEEKS BALANCED GROWTH IN MIND, BODY, AND SPIRIT FOR ALL MEMBERS OF OUR COMMUNITY. OUR COMMUNITY RECOGNIZES THE DIGNITY, VALUE, AND GIFTS OF ALL. AT SAINT LEO, LEARNING IS OF PRIME IMPORTANCE, AND WE WORK TO MEET THE EVOLVING NEEDS OF OUR COMMUNITIES AND THE WORLD AROUND US.
-
AS THE OLDEST CATHOLIC INSTITUTION OF HIGHER EDUCATION IN FLORIDA AND ONE OF THE TOP UNIVERSITIES IN CENTRAL FLORIDA, SAINT LEO UNIVERSITY HAS A CENTURY-LONG TRADITION OF WELCOMING STUDENTS OF ALL FAITHS. FOR MORE INFORMATION, SEE SCHEDULE O.OUR LIBERAL ARTS CAMPUS, LOCATED 30 MILES NORTH OF TAMPA, EDUCATES JUST UNDER 3,000 STUDENTS. TOTAL ENROLLMENT ACROSS OUR CENTRAL FLORIDA CAMPUS, 13 REGIONAL LOCATIONS, AND ONLINE PROGRAMS IS NEARLY 14,200 WITH A TOTAL OF NEARLY 160 PROGRAMS. SAINT LEO OFFERS OVER 70 UNDERGRADUATE DEGREES, PROGRAMS AND ENDORSEMENTS AS WELL AS MASTER'S, DOCTORAL AND CERTIFICATE PROGRAMS IN THE COLLEGE OF ARTS, SCIENCES, AND ALLIED SERVICES, COLLEGE OF BUSINESS, COLLEGE OF EDUCATION & SOCIAL SERVICES, COLLEGE OF COMPUTING, ARTIFICIAL INTELLIGENCE, ROBOTICS, AND DATA SCIENCE (CARDS), AND THE COLLEGE OF HEALTH PROFESSIONS. THE PUBLICATION DIVERSE ISSUES IN HIGHER EDUCATION RANKS SAINT LEO AMONG ITS TOP 100 INSTITUTIONS GRADUATING MINORITY STUDENTS WITH BACCALAUREATE DEGREES. WE'RE A SMALL SCHOOL, BUT WE HAVE AN INCREDIBLY DIVERSE STUDENT BODY COMPOSED OF 41% STUDENTS FROM UNDERREPRESENTED POPULATIONS. SAINT LEO SERVES STUDENTS FROM ALL 50 STATES, THE DISTRICT OF COLUMBIA, THREE U.S. TERRITORIES AND OVER 100 FOREIGN COUNTRIES. SAINT LEO IS ALSO ONE OF THE NATION'S LEADING PROVIDERS OF HIGHER EDUCATION TO THE U.S. MILITARY.TODAY CLOSE TO 1,580 MEN AND WOMEN OF THE ARMED FORCES, VETERANS, AND THEIR FAMILY MEMBERS ARE ENROLLED IN SAINT LEO UNIVERSITY DEGREE PROGRAMS. OUR ACTIVE DUTY SERVICE MEMBERS, VETERANS AND FAMILY MEMBERS WORLDWIDE EARN AFFORDABLE, ACCESSIBLE UNIVERSITY DEGREES THROUGH OUR TRADITIONAL FLORIDA CAMPUS, EXTENSIVE ONLINE PROGRAM OFFERINGS AND EDUCATION CENTERS ON MILITARY BASES IN THE SOUTHERN U.S. SAINT LEO UNIVERSITY IS RANKED IN TOP 10 IN THE SOUTH FOR BEST C0LLEGE FOR VETERANS BY U.S. NEWS & WORLD REPORT.
Expenses $99,174,920 · Grants $31,976,621 · Revenue $113,447,078
-
AUXILIARY ENTERPRISES OF THE UNIVERSITY PROVIDE CERTAIN CUSTOMARY SERVICES SUCH AS HOUSING, FOOD SERVICE, AND VARIOUS STUDENT ACTIVITIES FOR THE BENEFIT OF THE STUDENTS OF THE UNIVERSITY. TRADITIONAL CAMPUS STUDENTS COMPRISED NEARLY 1,900 FOR THE FY24 FISCAL YEAR.
Expenses $17,517,831 · Revenue $19,368,470
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
EDWARD DADEZ
PRESIDENT
- Total calculated
- $404,397
- From this org
- $391,733
- From related orgs
- $0
- Other
- $12,664
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $332,401
- Bonus
- $0
- Other
- $59,332
- Deferred
- $0
- Nontaxable benefits
- $12,664
- Filer's total
- $404,397
-
JAMES DETUCCIO
VP BUSINESS AFFAIRS/CFO
- Total calculated
- $270,158
- From this org
- $254,627
- From related orgs
- $0
- Other
- $15,531
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $254,627
- Bonus
- $0
- Other
- $0
- Deferred
- $908
- Nontaxable benefits
- $14,623
- Filer's total
- $270,158
-
EDWIN NARAIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
NOEL BOEKE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ISKRA SBRACCIA
CURRENT TRUSTEE/SECREATRY
- Total calculated
- $0
- Hours/week
- 1
-
JOHN E VIEW
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ABBOTT ISAAC J CAMACHO OSB
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD JOHNSON
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALLAN J LULHN
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH A MCGEE
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CLARKE HOBBY
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS J SHANNON III
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BISHOP GREGORY PARKES
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN PICCIANO
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN SULLIVAN
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHARON GRAY
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SR ROBERTA BAILEY OSB
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PETER BISCARDI
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN HENDRICKSON
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
THAMIR KADDOURI
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LAURIE KOBLEGARD
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NADEEM MAZHAR
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BEMETRA SIMMONS
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FRED CAMBRIA
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD GONZMART
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT CABOT
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY GERBINO
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GWENDOLYNN ALONSO
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DENYVE BOYLE
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PAT THOMPSON
CURRENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER SHAW
VP
- Total calculated
- $186,248
- From this org
- $173,147
- From related orgs
- $0
- Other
- $13,101
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $173,147
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $13,101
- Filer's total
- $186,248
-
STACY GATO
VP
- Total calculated
- $214,522
- From this org
- $198,705
- From related orgs
- $0
- Other
- $15,817
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $198,705
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $15,817
- Filer's total
- $214,522
-
STACI SHELLEY
GENERAL COUNSEL
- Total calculated
- $228,103
- From this org
- $216,224
- From related orgs
- $0
- Other
- $11,879
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $216,224
- Bonus
- $0
- Other
- $0
- Deferred
- $865
- Nontaxable benefits
- $11,014
- Filer's total
- $228,103
-
DEREK MOHAMMED
DIRECTOR OF CARDS
- Total calculated
- $269,057
- From this org
- $252,949
- From related orgs
- $0
- Other
- $16,108
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $252,949
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,108
- Filer's total
- $269,057
-
PASSARD DEAN
DEAN
- Total calculated
- $199,905
- From this org
- $187,273
- From related orgs
- $0
- Other
- $12,632
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $187,273
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $12,632
- Filer's total
- $199,905
-
MELANIE STORMS
FORMER SENIOR VP
- Total calculated
- $192,586
- From this org
- $181,831
- From related orgs
- $0
- Other
- $10,755
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $156,623
- Bonus
- $0
- Other
- $25,208
- Deferred
- $0
- Nontaxable benefits
- $10,755
- Filer's total
- $192,586
-
STEPHEN KUBASEK
VP
- Total calculated
- $214,162
- From this org
- $198,391
- From related orgs
- $0
- Other
- $15,771
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $198,391
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $15,771
- Filer's total
- $214,162
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- DURING THE YEAR, THE FOLLOWING INDIVIDUAL PAYMENTS FOR HOUSING ALLOWANCE PURSUANT TO FILING ORGANIZATION'S POLICIES AND PROCEDURES: DADEZ, EDWARD: $30,000
- PART I, LINE 4A:
- DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS PURSUANT TO THE FILING ORGANIZATIONS POLICIES AND PROCEDURES: MARY SPOTO: $112,500 MELANIE STORMS: $25,208
- PART I, LINE 4B:
- DURING THE CALENDAR YEAR EDWARD DADEZ, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE PRESIDENT HAD A PORTION OF THE CONTRIBUTIONS VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTIONS ARE REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530439349301478
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