Totals
- Total revenue
- $97,254,831
- Total expenses
- $93,462,606
- Contributions and grants received
- $11,424,448
- Grants paid
- $24,154,333
- Program service revenue
- $84,314,088
- Investment income
- $1,401,405
- Other revenue
- $114,890
- Total assets, end of year
- $196,959,701
- Total liabilities, end of year
- $30,791,783
- Net assets or fund balances, end of year
- $166,167,918
- Program services expenses (Part IX)
- $76,576,834
- Management and general expenses
- $16,885,772
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $76,576,834
Program services were 81.9% 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.
-
1e · Government grants (contributions)
$6,183,443
-
1f · All other contributions, gifts and grants
$5,241,005
-
1g · Noncash contributions included above
$4,902
-
2a · Program service revenue: TUITION & FEES
total $69,526,327 · related or exempt $69,526,327
-
2b · Program service revenue: RESIDENCE HALLS
total $6,227,729 · related or exempt $6,227,729
-
2c · Program service revenue: DINING HALL
total $4,255,782 · related or exempt $4,255,782
-
2d · Program service revenue: OTHER PROGRAM
total $3,879,234 · related or exempt $3,879,234
-
2e · Program service revenue: OTHER AUXILIARY
total $349,816 · related or exempt $349,816
-
2f · All other program service revenue
total $75,200 · related or exempt $75,200
-
3 · Investment income
total $1,147,262 · excluded $1,147,262
-
7a · Gross sales of assets other than inventory
securities $254,143
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $254,143
-
7d · Net gain or loss
total $254,143 · excluded $254,143
-
11d · All other revenue
total $114,890 · related or exempt $114,890
-
11e · Other revenue, total
$114,890
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $24,154,333 · program services $24,154,333
-
5 · Compensation of officers, directors and key employees
total $757,407 · program services $757,407
-
7 · Other salaries and wages
total $31,469,536 · program services $25,439,123 · management and general $6,030,413
-
8 · Pension plan contributions
total $1,284,862 · program services $1,036,490 · management and general $248,372
-
9 · Other employee benefits
total $3,322,437 · program services $2,607,781 · management and general $714,656
-
10 · Payroll taxes
total $2,367,363 · program services $1,947,050 · management and general $420,313
-
11b · Fees: legal
total $394,643 · program services $17,845 · management and general $376,798
-
11c · Fees: accounting
total $73,743 · management and general $73,743
-
11f · Fees: investment management
total $62,917 · management and general $62,917
-
11g · Fees: other
total $1,358,389 · program services $502,742 · management and general $855,647
-
12 · Advertising and promotion
total $768,640 · program services $631,113 · management and general $137,527
-
13 · Office expenses
total $882,221 · program services $618,543 · management and general $263,678
-
14 · Information technology
total $2,109,649 · management and general $2,109,649
-
17 · Travel
total $1,845,498 · program services $1,503,602 · management and general $341,896
-
19 · Conferences, conventions and meetings
total $337,937 · program services $216,975 · management and general $120,962
-
20 · Interest
total $536,008 · program services $495,631 · management and general $40,377
-
22 · Depreciation, depletion and amortization
total $4,859,502 · program services $4,493,437 · management and general $366,065
-
23 · Insurance
total $1,031,012 · program services $374,171 · management and general $656,841
-
24a · Other expenses: OTHER EXPENSES
total $6,061,595 · program services $2,948,940 · management and general $3,112,655
-
24b · Other expenses: FOOD SERVICES
total $3,516,658 · program services $2,861,087 · management and general $655,571
-
24c · Other expenses: STUDENT & CAMPUS ACTIVI
total $3,339,863 · program services $3,262,606 · management and general $77,257
-
24d · Other expenses: UTILITIES
total $2,928,393 · program services $2,707,958 · management and general $220,435
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $6,600,350 · end of year $10,985,421
-
3 · Pledges and grants receivable
beginning of year $5,884,486 · end of year $515,696
-
4 · Accounts receivable
beginning of year $4,316,981 · end of year $4,655,433
-
7 · Other notes and loans receivable
beginning of year $617,469 · end of year $394,354
-
9 · Prepaid expenses and deferred charges
beginning of year $186,202 · end of year $48,224
-
10a · Land, buildings and equipment: cost or other basis
$233,534,330
-
10b · Land, buildings and equipment: accumulated depreciation
$85,134,332
-
10c · Land, buildings and equipment, net
beginning of year $150,660,689 · end of year $148,399,998
-
12 · Investments: other securities
beginning of year $32,018,540 · end of year $30,946,403
-
15 · Other assets
beginning of year $121,272 · end of year $1,014,172
-
17 · Accounts payable and accrued expenses
beginning of year $8,966,095 · end of year $8,262,144
-
19 · Deferred revenue
beginning of year $2,184,337 · end of year $1,703,189
-
20 · Tax-exempt bond liabilities
beginning of year $16,370,227 · end of year $12,394,168
-
23 · Secured mortgages and notes payable
beginning of year $23,920 · end of year $17,573
-
25 · Other liabilities
beginning of year $12,069,951 · end of year $8,414,709
-
27 · Net assets without donor restrictions
beginning of year $136,394,166 · end of year $139,243,724
-
28 · Net assets with donor restrictions
beginning of year $24,397,293 · end of year $26,924,194
Mission and programs · 2022
Mission
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.
Activities or mission (Part I)
LEE UNIVERSITY IS A CHRISTIAN INSTITUTION WHICH OFFERS LIBERAL ARTS AND PROFESSIONAL EDUCATION ON BOTH THE UNDERGRADUATE AND GRADUATE LEVELS THROUGH RESIDENTIAL AND DISTANCE PROGRAMS. WE SEEK TO PROVIDE EDUCATION THAT INTEGRATES BIBLICAL TRUTH AS REVEALED IN THE HOLY SCRIPTURES WITH TRUTH DISCOVERED THROUGH THE STUDY OF ARTS AND SCIENCES AND IN THE PRACTICE OF VARIOUS PROFESSIONS. A PERSONAL COMMITMENT TO JESUS CHRIST AS SAVIOR IS THE CONTROLLING PERSPECTIVE FROM WHICH OUR EDUCATIONAL ENTERPRISE IS CARRIED OUT. THE FOUNDATIONAL PURPOSE OF ALL EDUCATIONAL PROGRAMS AT LEE IS TO DEVELOP WITHIN THE STUDENTS KNOWLEDGE, APPRECIATION, UNDERSTANDING, ABILITY, AND SKILLS WHICH WILL PREPARE THEM FOR RESPONSIBLE CHRISTIAN LIVING IN A COMPLEX WORLD.
-
INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 3,220 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS.
Expenses $51,340,818 · Grants $24,154,333 · Revenue $73,520,451
-
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.
Expenses $4,247,936
-
STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC.
Expenses $12,346,863
-
AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM.
Expenses $8,641,217 · Revenue $10,908,527
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Wade LombardWADE LOMBARD
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Clayton WatsonCLAYTON WATSON
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Marty BakerMARTY BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Emmitt BeallEMMITT BEALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eliezer BonillaELIEZER BONILLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Patricia CarrollPATRICIA CARROLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ishmael CharlesISHMAEL CHARLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert DaughertyROBERT DAUGHERTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Hector DiazHECTOR DIAZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ashley FreerASHLEY FREER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bobby K Jones IIBOBBY K JONES II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael KnightMICHAEL KNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dennis LivingstonDENNIS LIVINGSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jerry MaddenJERRY MADDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin McGlameryKEVIN MCGLAMERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James McIntyreJAMES MCINTYRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Byron MedlinBYRON MEDLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David RamirezDAVID RAMIREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff RobinsonJEFF ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt SharpMATT SHARP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve SmithSTEVE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lee StormsLEE STORMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kelvin TarukwashaKELVIN TARUKWASHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark WilliamsMARK WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Charles Paul ConnCHARLES PAUL CONN
CHANCELLOR
- Total calculated
- $324,030
- From this org
- $265,717
- From related orgs
- $0
- Other
- $58,313
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,769
- Bonus
- $0
- Other
- $79,948
- Deferred
- $1,369
- Nontaxable benefits
- $56,944
- Filer's total
- $324,030
-
Mark WalkerMARK WALKER
PRESIDENT
- Total calculated
- $310,525
- From this org
- $207,654
- From related orgs
- $0
- Other
- $102,871
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,581
- Bonus
- $0
- Other
- $23,073
- Deferred
- $36,667
- Nontaxable benefits
- $66,204
- Filer's total
- $310,525
-
Chris ConineCHRIS CONINE
VICE PRESIDENT FOR BUSINESS & FINANCE
- Total calculated
- $184,125
- From this org
- $150,717
- From related orgs
- $0
- Other
- $33,408
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,717
- Bonus
- $0
- Other
- $0
- Deferred
- $7,125
- Nontaxable benefits
- $26,283
- Filer's total
- $184,125
-
Deborah MurrayDEBORAH MURRAY
PROVOST
- Total calculated
- $139,405
- From this org
- $133,319
- From related orgs
- $0
- Other
- $6,086
- Hours/week
- 40
-
Christopher CoulterCHRISTOPHER COULTER
ASSOCIATE PROFESSOR ENGLISH
- Total calculated
- $148,350
- From this org
- $138,843
- From related orgs
- $0
- Other
- $9,507
- Hours/week
- 40
-
Sara CampbellSARA CAMPBELL
DEAN, SCHOOL OF NURSING
- Total calculated
- $142,881
- From this org
- $124,088
- From related orgs
- $0
- Other
- $18,793
- Hours/week
- 40
-
William EstesWILLIAM ESTES
DEAN, COLLEGE OF EDUCATION
- Total calculated
- $127,466
- From this org
- $122,685
- From related orgs
- $0
- Other
- $4,781
- Hours/week
- 40
-
Paul DelaluzPAUL DELALUZ
CHAIR, DEPT OF NATURAL SCIENCES
- Total calculated
- $135,132
- From this org
- $119,598
- From related orgs
- $0
- Other
- $15,534
- Hours/week
- 40
-
Jayson VanhookJAYSON VANHOOK
VICE PRESIDENT FOR ENROLLMENT & MARKETING
- Total calculated
- $144,280
- From this org
- $119,024
- From related orgs
- $0
- Other
- $25,256
- Hours/week
- 40
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 · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1a · Payments for business use of a personal residence
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 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 4A
- THE COMPENSATION REPORTED FOR CHRISTOPHER COULTER, ASSOCIATE PROFESSOR ENGLISH, IN PART VII, SECTION A, INCLUDES SEVERANCE PAYMENT OF $71,619.
- FORM 990, SCHEDULE J, PART II
- THE COMPENSATION REPORTED FOR PAUL CONN, CHANCELLOR, IN PART VII, SECTION A, INCLUDES DEFERRED COMPENSATION AND THE PAYOUT OF BENEFITS ACCRUED DURING THE THIRTY-FOUR (34) YEARS OF HIS PRESIDENCY, AND THESE DISTRIBUTIONS DO NOT REFLECT ANNUAL INCOME FOR 2022.
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
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401319349302970
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