Totals
- Total revenue
- $126,271,820
- Total expenses
- $128,834,464
- Contributions and grants received
- $2,652,731
- Grants paid
- $43,350,848
- Program service revenue
- $122,442,972
- Investment income
- $589,770
- Other revenue
- $586,347
- Total assets, end of year
- $133,674,608
- Total liabilities, end of year
- $85,892,652
- Net assets or fund balances, end of year
- $47,781,956
- Program services expenses (Part IX)
- $115,717,649
- Management and general expenses
- $12,284,693
- Fundraising expenses
- $832,122
- Program service expenses (Part III)
- $115,717,649
Program services were 89.8% 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)
$54,022
-
1f · All other contributions, gifts and grants
$2,598,709
-
1g · Noncash contributions included above
$148,750
-
2a · Program service revenue: TUITION AND FEES
total $104,007,208 · related or exempt $104,007,208
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $15,810,354 · related or exempt $15,810,354
-
2c · Program service revenue: OTHER PROGRAM REVENUE
total $2,625,410 · related or exempt $2,625,410
-
3 · Investment income
total $488,732 · excluded $488,732
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $83,380 · excluded $83,380
-
6a · Gross rents
real property $750,224
-
6b · Less rental expenses
real property $713,513
-
6c · Rental income or loss
real property $36,711 · personal property $0
-
6d · Net rental income or loss
total $36,711 · excluded $36,711
-
7a · Gross sales of assets other than inventory
securities $1,534,593 · other assets $30,270
-
7b · Less cost or other basis and sales expenses
securities $1,463,825
-
7c · Gain or loss
securities $70,768 · other assets $30,270
-
7d · Net gain or loss
total $101,038 · excluded $101,038
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: DEBT RECOVERIES
total $152,485 · related or exempt $152,485
-
11b · Other revenue: VENDING & VENDOR COMMISSIONS
total $313,771 · excluded $313,771
-
11e · Other revenue, total
$466,256
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,600 · program services $3,600
-
2 · Grants to domestic individuals
total $43,347,248 · program services $43,347,248
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,853,172 · program services $502,870 · management and general $1,350,302
-
6 · Compensation of disqualified persons
total $729,430 · program services $405,953 · management and general $323,477
-
7 · Other salaries and wages
total $38,689,766 · program services $35,005,780 · management and general $3,447,212 · fundraising $236,774
-
8 · Pension plan contributions
total $557,264 · program services $494,035 · management and general $59,907 · fundraising $3,322
-
9 · Other employee benefits
total $2,001,250 · program services $1,580,350 · management and general $398,853 · fundraising $22,047
-
10 · Payroll taxes
total $2,696,234 · program services $2,357,048 · management and general $323,548 · fundraising $15,638
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $416,438 · management and general $416,438
-
11c · Fees: accounting
total $90,700 · program services $2,700 · management and general $88,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $38,240 · management and general $38,240
-
11g · Fees: other
total $5,230,467 · program services $3,422,300 · management and general $1,531,867 · fundraising $276,300
-
12 · Advertising and promotion
total $999,379 · program services $852,385 · management and general $128,852 · fundraising $18,142
-
13 · Office expenses
total $4,425,435 · program services $3,643,386 · management and general $751,697 · fundraising $30,352
-
14 · Information technology
total $2,213,728 · program services $2,091,878 · management and general $108,596 · fundraising $13,254
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,420,178 · program services $2,472,106 · management and general $939,270 · fundraising $8,802
-
17 · Travel
total $2,030,656 · program services $1,605,430 · management and general $382,695 · fundraising $42,531
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,310,766 · program services $956,399 · management and general $228,472 · fundraising $125,895
-
20 · Interest
total $3,577,573 · program services $3,431,609 · management and general $132,728 · fundraising $13,236
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $5,407,939 · program services $5,187,296 · management and general $200,635 · fundraising $20,008
-
23 · Insurance
total $1,573,145 · program services $1,508,960 · management and general $58,364 · fundraising $5,821
-
24a · Other expenses: FOOD SERVICE
total $3,394,777 · program services $3,394,777
-
24b · Other expenses: PROGRAM REVENUE SHARE
total $1,236,822 · program services $1,236,822
-
24c · Other expenses: STUDY ABROAD/MISSIONS
total $2,224,243 · program services $2,214,717 · management and general $9,526
-
24d · Other expenses: UNCOLLECTIBLE STUDENT ACT
total $1,366,014 · management and general $1,366,014
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $190,449 · end of year $5,334,101
-
2 · Savings and temporary cash investments
beginning of year $5,373,050 · end of year $1,452,771
-
3 · Pledges and grants receivable
beginning of year $2,236,383 · end of year $1,343,248
-
4 · Accounts receivable
beginning of year $5,077,565 · end of year $2,112,172
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $393,120 · end of year $1,049,312
-
10a · Land, buildings and equipment: cost or other basis
$173,268,740
-
10b · Land, buildings and equipment: accumulated depreciation
$83,259,494
-
10c · Land, buildings and equipment, net
beginning of year $91,384,771 · end of year $90,009,246
-
11 · Investments: publicly traded securities
beginning of year $9,092,453 · end of year $8,049,353
-
12 · Investments: other securities
beginning of year $22,430,743 · end of year $21,837,884
-
13 · Investments: program-related
beginning of year $22,322 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $282,268 · end of year $2,486,521
-
17 · Accounts payable and accrued expenses
beginning of year $6,701,333 · end of year $7,504,417
-
18 · Grants payable
beginning of year $134,948 · end of year $18,843
-
19 · Deferred revenue
beginning of year $1,533,525 · end of year $1,487,684
-
20 · Tax-exempt bond liabilities
beginning of year $51,574,800 · end of year $49,542,163
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $23,034,549 · end of year $22,346,521
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $2,594,840
-
25 · Other liabilities
beginning of year $3,635,488 · end of year $2,398,184
-
27 · Net assets without donor restrictions
beginning of year $34,709,873 · end of year $33,710,759
-
28 · Net assets with donor restrictions
beginning of year $15,158,608 · end of year $14,071,197
Mission and programs · 2022
Mission
SOUTHEASTERN UNIVERSITY'S DEDICATION TO STUDENTS' SPIRITUAL AND INTELLECTUAL GROWTH PROVIDES A FRAMEWORK FOR CHRIST-CENTERED LIVING BOTH IN AND OUTSIDE THE CLASSROOM.
Activities or mission (Part I)
TO PROVIDE EDUCATION IN A CHRIST-CENTERED, STUDENT-FOCUSED ENVIRONMENT.
-
SOUTHEASTERN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION ACCREDITED TO AWARD ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORATE DEGREES BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES. FOR THE YEAR ENDED MAY 31, 2023 THE UNIVERSITY AWARDED 138 ASSOCIATE DEGREES, 936 BACHELOR DEGREES, 36 MASTERS DEGREES AND 60 DOCTORAL DEGREES. TOTAL STUDENT HEADCOUNT FOR FALL OF 2022 WAS 10,044. ITS PICTURESQUE CAMPUS LOCATED IN CENTRAL FLORIDA IS HOME TO 2,239 UNDERGRADUATE STUDENTS, BUT ITS OUTREACH IS GLOBAL, WITH STUDENTS FROM ALL 50 STATES, WASHINGTON D.C, AND 4 U.S. TERRITORIES. INTERNATIONALLY, THE UNIVERSITY IS REPRESENTED IN 65 COUNTRIES WITH 260 TOTAL STUDENTS. FOUNDED BY AND ASSOCIATED WITH THE ASSEMBLIES OF GOD CHRISTIAN DENOMINATION, THE UNIVERSITY SERVES A CULTURALLY DIVERSE STUDENT BODY COMPRISED OF 43.3% ETHNIC MINORITIES AND VARIOUS RELIGIOUS BACKGROUNDS. THROUGH RIGOROUS ACADEMIC PROGRAMS EMPHASIZING CO-CURRICULAR AND EXPERIENTIAL LEARNING; CAMPUS AND COMMUNITY ENGAGEMENT; AND COMMITMENT TO CHRIST-LIKE SPIRITUAL FORMATION, STUDENTS AND ALUMNI ARE ENCOURAGED TO IMPACT CULTURE THROUGH A LIFESTYLE OF EXCELLENCE AND INTEGRITY.
Expenses $110,646,199 · Grants $42,150,288 · Revenue $106,339,379
-
AUXILIARY ENTERPRISES: AN IMPORTANT PART OF SOUTHEASTERN UNIVERSITY'S SERVICE TO ITS STUDENTS IS THE PROVISION OF CONVENIENT, NUTRITIONAL MEALS AND SAFE, COMFORTABLE LIVING ARRANGEMENTS. DURING THE 2022-2023 PROGRAM YEAR, SEU PROVIDED ITS 1,609 RESIDENTIAL AND 650 COMMUTER STUDENTS A VARIETY OF MEAL PLAN OPTIONS AND CAMPUS DINING FACILITIES INCLUDING TUSCANA RISTORANTE, MI CASA CAF, CHICK-FIL-A, PORTICO COFFEEHOUSE, BACKYARD BURGERS, EINSTEIN BROS. BAGELS AND PAPA JOHN'S PIZZA. RESIDENTIAL HOUSING AMENITIES INCLUDED USE OF WASHERS & DRYERS, WEEKLY HOUSEKEEPING SERVICES, WI-FI AND PHONE HOOK-UP, STREAMING SERVICES, AND COMMON AREAS FOR STUDYING AND RECREATION.FULL-TIME, ON-CAMPUS RESIDENT DIRECTORS PROVIDED SUPPORT AND CONNECTION WITH NEEDED RESOURCES.
Expenses $5,071,450 · Grants $1,196,960 · Revenue $16,256,078
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DR KENT INGLE
PRESIDENT
- Total calculated
- $562,175
- From this org
- $451,963
- From related orgs
- $0
- Other
- $110,212
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $351,035
- Bonus
- $65,725
- Other
- $35,203
- Deferred
- $0
- Nontaxable benefits
- $110,212
- Filer's total
- $562,175
-
DR J CHRIS OWEN
EXECUTIVE VICE PRESIDENT
- Total calculated
- $401,801
- From this org
- $317,862
- From related orgs
- $0
- Other
- $83,939
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $248,333
- Bonus
- $40,435
- Other
- $29,094
- Deferred
- $0
- Nontaxable benefits
- $83,939
- Filer's total
- $401,801
-
DR MEGHAN L GRIFFIN
PROVOST/CHIEF ACADEMIC OFFICER
- Total calculated
- $255,667
- From this org
- $176,495
- From related orgs
- $0
- Other
- $79,172
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,495
- Bonus
- $5,000
- Other
- $0
- Deferred
- $6,450
- Nontaxable benefits
- $72,722
- Filer's total
- $255,667
-
JUSTIN LATHROP
VP STRATEGIC PARTNERSHIPS
- Total calculated
- $239,179
- From this org
- $166,417
- From related orgs
- $0
- Other
- $72,762
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,840
- Bonus
- $10,705
- Other
- $17,872
- Deferred
- $0
- Nontaxable benefits
- $72,762
- Filer's total
- $239,179
-
ROY ROWLAND IV
VP FOR ENROLLMENT MANAGEMENT
- Total calculated
- $236,676
- From this org
- $234,264
- From related orgs
- $0
- Other
- $2,412
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $206,892
- Bonus
- $11,420
- Other
- $15,952
- Deferred
- $0
- Nontaxable benefits
- $2,412
- Filer's total
- $236,676
-
DENNIS ROSS
PROFESSOR, POLITICAL SCIENCE
- Total calculated
- $206,925
- From this org
- $187,849
- From related orgs
- $0
- Other
- $19,076
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,699
- Bonus
- $150
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $19,076
- Filer's total
- $206,925
-
DR BETHANY THOMAS
VP STUDENT DEVELOPMENT
- Total calculated
- $189,790
- From this org
- $184,862
- From related orgs
- $0
- Other
- $4,928
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,862
- Bonus
- $5,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,928
- Filer's total
- $189,790
-
PHILLIP SCHMITT
VP FINANCE/CFO
- Total calculated
- $189,035
- From this org
- $183,873
- From related orgs
- $0
- Other
- $5,162
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,873
- Bonus
- $4,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $5,162
- Filer's total
- $189,035
-
DR CODY LLOYD
VP FOR INSTITUTIONAL RESEARCH
- Total calculated
- $178,470
- From this org
- $173,542
- From related orgs
- $0
- Other
- $4,928
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,542
- Bonus
- $5,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,928
- Filer's total
- $178,470
-
DR MICHAEL STEINER
VP OF INNOVATION
- Total calculated
- $171,474
- From this org
- $169,062
- From related orgs
- $0
- Other
- $2,412
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,357
- Bonus
- $10,705
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $2,412
- Filer's total
- $171,474
-
TOMMY BARNETT
TRUSTEE
- Total calculated
- $62,000
- From this org
- $62,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
GABRIEL SALGUERO
TRUSTEE
- Total calculated
- $14,833
- From this org
- $14,833
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
TERRY ROBERTS
TRUSTEE
- Total calculated
- $4,500
- From this org
- $4,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
DOUGLAS WITHERUP
TRUSTEE
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
MARK BATTERSON
TRUSTEE
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
KENNETH DRAUGHTON
TRUSTEE
- Total calculated
- $250
- From this org
- $250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
TERRY RAYBURN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
WAYNE BLACKBURN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
JOHN JORDAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
JEFFERY PORTMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN WOOTTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JUDY RACHELS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LUKE BARNETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK JAKELSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RICHARDO ORSINI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MATT POTTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROGER ARCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ABNER ADORNO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEVE MASON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RAY RACHELS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT SANDLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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 · Health or social club dues or initiation fees
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 4a · Severance or change-of-control payment
- 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)
- SCHEDULE J, PART I, LINE 1A
- PURSUANT TO INTERNAL REVENUE CODE SECTION 107, MINISTERIAL HOUSING ALLOWANCES ARE PROVIDED FOR QUALIFYING MINISTERIAL EMPLOYEES. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. THE UNIVERSITY PAID A NONTAXABLE HOUSING ALLOWANCE TO DR. KENT INGLE, DR. J. CHRIS OWEN, DR. MEGHAN GRIFFIN AND JUSTIN LATHROP.
- SCHEDULE J, PART I, LINE 1B
- THE ORGANIZATION FOLLOWS A WRITTEN POLICY WITH REGARD TO THE HOUSING ALLOWANCE AND HEALTH CLUB DUES. THERE IS NOT A FORMAL WRITTEN AGREEMENT REGARDING SPOUSAL TRAVEL, BUT THE REQUIREMENTS HAVE BEEN VERBALLY DISCUSSED WITH THOSE THAT USE THIS BENEFIT FOR BONA-FIDE BUSINESS PURPOSES.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SOUTHEASTERN UNIVERSITY FOUNDATION INC
501(C)(3) · FUNDRAISING · FL · controlled entity
Directly controlled by SEU
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441049349301249
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