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Nonprofiteer
← LYNN UNIVERSITY INC

Form 990 for tax year 2024

Filed by LYNN UNIVERSITY INC.

Totals

Total revenue
$159,726,138
Total expenses
$159,756,841
Contributions and grants received
$10,553,590
Grants paid
$50,365,230
Program services expenses (Part IX)
$135,133,217
Management and general expenses
$19,917,728
Fundraising expenses
$4,705,896
Program service expenses (Part III)
$135,133,217

Program services were 84.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRISTINE E LYNN

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • JAMES MILBY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAN CARLSSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEFF PERLMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN LANGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KEVIN M ROSS

    PRESIDENT

    Total calculated
    $1,178,072
    From this org
    $882,446
    From related orgs
    $0
    Other
    $295,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $684,300
    Bonus
    $135,136
    Other
    $63,010
    Deferred
    $199,150
    Nontaxable benefits
    $96,476
    Filer's total
    $1,178,072

  • PAUL A ROBINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN SNYDER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • VICTORIA RIXON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM J REHRIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • R BRAD OSBORNE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PETER SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRISTIAN G BONIFORTI

    CHIEF STRATEGY & TECH OFFICER

    Total calculated
    $594,621
    From this org
    $533,291
    From related orgs
    $0
    Other
    $61,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,201
    Bonus
    $0
    Other
    $144,090
    Deferred
    $23,475
    Nontaxable benefits
    $37,855
    Filer's total
    $594,621

  • DAVID DUDGEON

    GENERAL COUNSEL

    Total calculated
    $256,902
    From this org
    $227,340
    From related orgs
    $0
    Other
    $29,562
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,340
    Bonus
    $0
    Other
    $0
    Deferred
    $16,065
    Nontaxable benefits
    $13,497
    Filer's total
    $256,902

  • GARETH P FOWLES

    VP FOR ENROLLMENT MANAGEMENT

    Total calculated
    $497,957
    From this org
    $470,529
    From related orgs
    $0
    Other
    $27,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,454
    Bonus
    $0
    Other
    $141,075
    Deferred
    $23,056
    Nontaxable benefits
    $4,372
    Filer's total
    $497,957

  • KATRINA MARIE CARTER-TELLISON

    VP FOR ACADEMIC AFFAIRS

    Total calculated
    $371,264
    From this org
    $317,364
    From related orgs
    $0
    Other
    $53,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,364
    Bonus
    $0
    Other
    $0
    Deferred
    $22,773
    Nontaxable benefits
    $31,127
    Filer's total
    $371,264

  • KRISTELL LOWE THRU 724

    VP OF CAMPUS OPERATIONS

    Total calculated
    $237,159
    From this org
    $205,768
    From related orgs
    $0
    Other
    $31,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,393
    Bonus
    $38,625
    Other
    $11,750
    Deferred
    $11,102
    Nontaxable benefits
    $20,289
    Filer's total
    $237,159

  • AARON GREENBERG

    SVP FOR DEVELOPMENT & ADMINISTRATION

    Total calculated
    $250,908
    From this org
    $202,204
    From related orgs
    $0
    Other
    $48,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,137
    Bonus
    $0
    Other
    $67
    Deferred
    $14,280
    Nontaxable benefits
    $34,424
    Filer's total
    $250,908

  • ANTHONY R ALTIERI

    VP FOR STUDENT LIFE

    Total calculated
    $255,288
    From this org
    $236,734
    From related orgs
    $0
    Other
    $18,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,734
    Bonus
    $0
    Other
    $0
    Deferred
    $15,565
    Nontaxable benefits
    $2,989
    Filer's total
    $255,288

  • MICHAEL P PETROSKI

    ACADEMIC DEAN

    Total calculated
    $265,845
    From this org
    $237,076
    From related orgs
    $0
    Other
    $28,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,000
    Bonus
    $0
    Other
    $76
    Deferred
    $16,779
    Nontaxable benefits
    $11,990
    Filer's total
    $265,845

  • RALPH T GOOD

    DEAN COLLEGE OF BUSINESS

    Total calculated
    $249,899
    From this org
    $216,742
    From related orgs
    $0
    Other
    $33,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,676
    Bonus
    $0
    Other
    $66
    Deferred
    $15,398
    Nontaxable benefits
    $17,759
    Filer's total
    $249,899

  • SHERRIE WELDON

    CHIEF MARKETING OFFICER

    Total calculated
    $308,340
    From this org
    $264,649
    From related orgs
    $0
    Other
    $43,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,649
    Bonus
    $0
    Other
    $0
    Deferred
    $19,132
    Nontaxable benefits
    $24,559
    Filer's total
    $308,340

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 — 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 · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
TAX INDEMNIFICATION AND GROSS-UP PAYMENTS CERTAIN INDIVIDUALS ARE REIMBURSED FOR TRAVEL EXPENSES AS PART OF THEIR EMPLOYMENT CONTRACT. THE AMOUNTS ARE GROSSED UP FOR TAX PAYMENT AND REPORTING PURPOSES. GROSS UPS ARE APPROVED BY THE BOARD OF TRUSTEES OR HUMAN RESOURCES. DISCRETIONARY SPENDING ACCOUNT THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT WHICH IS PART OF HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN HIS TAXABLE COMPENSATION. HOUSING ALLOWANCE: THE PRESIDENT OF LYNN UNIVERSITY IS REQUIRED TO OCCUPY UNIVERSITY OWNED HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE BENEFIT IS EXCLUDED FROM TAXABLE COMPENSATION PURSUANT TO IRC SECTION 119 BUT IS INCLUDED AS NONTAXABLE COMPENSATION.
PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING THE CALENDAR YEAR, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CERTAIN LISTED INDIVIDUALS HAD CONTRIBUTIONS VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTIONS ARE REPORTED AS TAXABLE COMPENSATION AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). IN 2022, THE PRESIDENT AND THE UNIVERSITY ENTERED INTO A NEW DEFERRED COMPENSATION ARRANGEMENT. NO AMOUNTS WERE PAID UNDER THE ARRANGEMENT IN 2023 AND AMOUNTS CONTRIBUTED UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C).
PART I, LINE 7
MOST BONUSES ARE FIXED PAYMENTS BASED ON CONTRACTS ESTABLISHED BETWEEN THE BOARD OF TRUSTEES AND THE EMPLOYEE. HOWEVER, THERE ARE SOME DISCRETIONARY BONUS PAYMENTS AWARDED FOR EXTRAORDINARY ACHIEVEMENTS. DISCRETIONARY PAYMENTS ARE APPROVED AT A CABINET LEVEL.

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
2024
Filed
18 March 2026
IRS schema version
2024v5.5
Source object
202630779349301608

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