Skip to content
Nonprofiteer
← SAINT LEO UNIVERSITY INC

Form 990 for tax year 2022

Filed by SAINT LEO UNIVERSITY INC.

Totals

Total revenue
$146,564,490
Total expenses
$157,818,050
Contributions and grants received
$4,318,290
Grants paid
$33,735,063
Program service revenue
$143,526,869
Investment income
-$1,949,777
Other revenue
$669,108
Total assets, end of year
$242,805,284
Total liabilities, end of year
$101,065,523
Net assets or fund balances, end of year
$141,739,761
Program services expenses (Part IX)
$126,592,931
Management and general expenses
$30,103,635
Fundraising expenses
$1,121,484
Program service expenses (Part III)
$126,592,931

Program services were 80.2% 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

    $48,563

  • 1e · Government grants (contributions)

    $2,037,760

  • 1f · All other contributions, gifts and grants

    $2,231,967

  • 1g · Noncash contributions included above

    $7,806

  • 2a · Program service revenue: TUITION AND FEES

    total $123,266,405 · related or exempt $123,266,405

  • 2b · Program service revenue: AUXILIARY INCOME

    total $19,995,593 · related or exempt $19,995,593

  • 2c · Program service revenue: CAMPS/CONFERENCES

    total $239,125 · related or exempt $239,125

  • 2d · Program service revenue: MISC REVENUES

    total $25,746 · related or exempt $25,746

  • 3 · Investment income

    total $2,216,288 · excluded $2,216,288

  • 7a · Gross sales of assets other than inventory

    securities $36,445,333 · other assets $3,145,024

  • 7b · Less cost or other basis and sales expenses

    securities $41,688,570 · other assets $2,067,852

  • 7c · Gain or loss

    securities -$5,243,237 · other assets $1,077,172

  • 7d · Net gain or loss

    total -$4,166,065 · excluded -$4,166,065

  • 8a · Fundraising events: gross income

    $48,668

  • 8a · Fundraising events: contributions included on line 1c

    $48,563

  • 8b · Fundraising events: direct expenses

    $39,636

  • 8c · Net income from fundraising events

    total $9,032 · excluded $9,032

  • 11a · Other revenue: COMMISSION

    total $343,224 · excluded $343,224

  • 11b · Other revenue: MEMBERSHIPS

    total $186,468 · related or exempt $16,069 · unrelated business $170,399

  • 11c · Other revenue: GRANT ADMINISTRATION

    total $73,742 · related or exempt $73,742

  • 11d · All other revenue

    total $56,642 · related or exempt $8,062 · unrelated business $48,580

  • 11e · Other revenue, total

    $660,076

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $27,623,628 · program services $27,623,628

  • 3 · Grants to foreign organizations and individuals

    total $6,111,435 · program services $6,111,435

  • 5 · Compensation of officers, directors and key employees

    total $868,789 · management and general $868,789

  • 7 · Other salaries and wages

    total $55,546,269 · program services $41,791,851 · management and general $13,094,031 · fundraising $660,387

  • 8 · Pension plan contributions

    total $1,457,880 · program services $1,055,901 · management and general $383,363 · fundraising $18,616

  • 9 · Other employee benefits

    total $11,023,083 · program services $8,314,729 · management and general $2,598,194 · fundraising $110,160

  • 10 · Payroll taxes

    total $4,169,972 · program services $3,266,404 · management and general $853,686 · fundraising $49,882

  • 11b · Fees: legal

    total $339,619 · management and general $339,619

  • 11c · Fees: accounting

    total $153,225 · management and general $153,225

  • 11f · Fees: investment management

    total $353,795 · program services $353,795

  • 11g · Fees: other

    total $4,396,778 · program services $2,688,626 · management and general $1,706,924 · fundraising $1,228

  • 12 · Advertising and promotion

    total $8,974,122 · program services $8,934,465 · management and general $39,657

  • 13 · Office expenses

    total $1,660,608 · program services $1,072,702 · management and general $566,682 · fundraising $21,224

  • 14 · Information technology

    total $5,953,377 · program services $759,562 · management and general $5,119,567 · fundraising $74,248

  • 16 · Occupancy

    total $4,095,110 · program services $4,076,222 · management and general $18,888

  • 17 · Travel

    total $713,934 · program services $691,533 · management and general $20,193 · fundraising $2,208

  • 19 · Conferences, conventions and meetings

    total $92,545 · program services $90,599 · management and general $1,946

  • 20 · Interest

    total $3,718,152 · program services $3,437,330 · management and general $280,822

  • 22 · Depreciation, depletion and amortization

    total $8,183,556 · program services $7,561,132 · management and general $622,424

  • 23 · Insurance

    total $2,069,252 · management and general $2,069,252

  • 24a · Other expenses: EDUCATION MATERIAL

    total $2,730,624 · program services $2,730,624

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $2,460,155 · program services $2,460,155

  • 24c · Other expenses: FOOD PURCHASES

    total $1,464,866 · program services $1,462,465 · management and general $2,293 · fundraising $108

  • 24d · Other expenses: DUES/SUBSCRIPTIONS

    total $925,765 · program services $641,130 · management and general $250,747 · fundraising $33,888

  • 24e · All other expenses

    total $2,731,511 · program services $1,468,643 · management and general $1,113,333 · fundraising $149,535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,409,284 · end of year $838,568

  • 2 · Savings and temporary cash investments

    beginning of year $134,210 · end of year $195,721

  • 3 · Pledges and grants receivable

    beginning of year $3,164,840 · end of year $2,963,727

  • 4 · Accounts receivable

    beginning of year $4,897,183 · end of year $4,367,528

  • 8 · Inventories for sale or use

    beginning of year $270,074 · end of year $271,442

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,152,364 · end of year $2,541,023

  • 10a · Land, buildings and equipment: cost or other basis

    $263,963,641

  • 10b · Land, buildings and equipment: accumulated depreciation

    $119,241,952

  • 10c · Land, buildings and equipment, net

    beginning of year $152,251,538 · end of year $144,721,689

  • 11 · Investments: publicly traded securities

    beginning of year $64,780,315 · end of year $70,159,029

  • 12 · Investments: other securities

    beginning of year $3,427,221 · end of year $3,600,920

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $16,833,216 · end of year $13,145,637

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,867,912 · end of year $6,860,226

  • 18 · Grants payable

    beginning of year $184,258 · end of year $149,883

  • 19 · Deferred revenue

    beginning of year $1,673,175 · end of year $1,508,557

  • 20 · Tax-exempt bond liabilities

    beginning of year $73,007,667 · end of year $71,481,422

  • 21 · Escrow or custodial account liability

    beginning of year $228,990 · end of year $248,139

  • 23 · Secured mortgages and notes payable

    beginning of year $1,496,450 · end of year $15,249,008

  • 25 · Other liabilities

    beginning of year $9,113,190 · end of year $5,568,288

  • 27 · Net assets without donor restrictions

    beginning of year $120,169,488 · end of year $116,860,208

  • 28 · Net assets with donor restrictions

    beginning of year $23,579,115 · end of year $24,879,553

Mission and programs · 2022

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 2,100 STUDENTS. TOTAL ENROLLMENT ACROSS OUR CENTRAL FLORIDA CAMPUS, 13 REGIONAL LOCATIONS, AND ONLINE PROGRAMS IS NEARLY 15,300 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 (CARD), 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 NOW 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. WITH A LONG HISTORY OF EDUCATING THE COUNTRY'S MILITARY PERSONNEL, VETERANS, AND THEIR FAMILIES, SAINT LEO UNIVERSITY IS CLAIMING TOP HONORS FROM THE 2022 MILITARY TIMES BEST FOR VETS: COLLEGES. SAINT LEO EARNED RANKINGS OF NO. 24 AMONG ALL SCHOOLS IN THE UNITED STATES, NO. 3 AMONG ONLINE SCHOOLS, NO. 5 AMONG PRIVATE SCHOOLS, AND NO. 7 AMONG SCHOOLS IN THE SOUTHEAST. MORE THAN ONE-QUARTER OF SAINT LEO'S STUDENT POPULATION IS AFFILIATION WITH THE MILITARY, AND THIS INCLUDES MEMBERS OF THE U.S. AIR FORCE, ARMY, NAVY, MARINES, AND COAST GUARD, NATIONAL GUARD MEMBERS, RETIRED MILITARY OFFICERS AND ENLISTED VETERANS, MILITARY SPOUSES, DEPENDENTS, AND OTHERS. THOUSANDS OF ACTIVE DUTY SERVICE MEMBERS, VETERANS AND FAMILY MEMBERS WORLDWIDE EARN AFFORDABLE AND ACCESSIBLE UNIVERSITY DEGREES THROUGH OUR TRADITIONAL FLORIDA CAMPUS, EXTENSIVE ONLINE PROGRAM OFFERINGS AND AT OUR EDUCATION CENTERS.

    Expenses $109,418,405 · Grants $33,735,063 · Revenue $122,723,064

  • 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 2,100 FOR THE 2023 FISCAL YEAR.

    Expenses $17,174,526 · Revenue $20,901,678

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • EDWARD DADEZ

    PRESIDENT

    Total calculated
    $310,479
    From this org
    $275,840
    From related orgs
    $0
    Other
    $34,639
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $260,840
    Bonus
    $0
    Other
    $15,000
    Deferred
    $22,052
    Nontaxable benefits
    $12,587
    Filer's total
    $310,479

  • JAMES DETUCCIO

    VP BUSINESS AFFAIRS/CFO

    Total calculated
    $250,790
    From this org
    $217,766
    From related orgs
    $0
    Other
    $33,024
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $217,766
    Bonus
    $0
    Other
    $0
    Deferred
    $19,151
    Nontaxable benefits
    $13,873
    Filer's total
    $250,790

  • JOHN E VIEW

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH P CONNELLAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ABBOTT ISAAC J CAMACHO OS B

    CURRENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD JOHNSON

    CURRENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • IAN ANDERSON

    CURRENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NOEL BOEKE

    CURRENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVEN HICKMAN

    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

  • EDWIN NARAIN

    CURRENT TRUSTEE/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROBIN MCGUINNESS

    CURRENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN P O'LEARY

    CURRENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VINI NATHAN

    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

  • THOMAS D PESCHIO

    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

  • ISKRA SBRACCIA

    CURRENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SR ROBERTA BAILEY OS B

    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

  • MELANIE STORMS

    SENIOR VP (THRU 08/2023)

    Total calculated
    $313,371
    From this org
    $282,397
    From related orgs
    $0
    Other
    $30,974
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $271,435
    Bonus
    $0
    Other
    $10,962
    Deferred
    $14,798
    Nontaxable benefits
    $16,176
    Filer's total
    $313,371

  • MARY SPOTO

    VP ACADEMIC AFFAIRS

    Total calculated
    $252,066
    From this org
    $222,930
    From related orgs
    $0
    Other
    $29,136
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $222,930
    Bonus
    $0
    Other
    $0
    Deferred
    $20,250
    Nontaxable benefits
    $8,886
    Filer's total
    $252,066

  • JENNIFER SHAW

    VP

    Total calculated
    $203,730
    From this org
    $174,643
    From related orgs
    $0
    Other
    $29,087
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $174,643
    Bonus
    $0
    Other
    $0
    Deferred
    $15,986
    Nontaxable benefits
    $13,101
    Filer's total
    $203,730

  • STACI SHELLEY

    GENERAL COUNSEL

    Total calculated
    $278,526
    From this org
    $247,026
    From related orgs
    $0
    Other
    $31,500
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $245,241
    Bonus
    $0
    Other
    $1,785
    Deferred
    $20,769
    Nontaxable benefits
    $10,731
    Filer's total
    $278,526

  • DEREK MOHAMMED

    DIRECTOR OF CARDS

    Total calculated
    $269,671
    From this org
    $240,371
    From related orgs
    $0
    Other
    $29,300
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $240,371
    Bonus
    $0
    Other
    $0
    Deferred
    $14,977
    Nontaxable benefits
    $14,323
    Filer's total
    $269,671

  • DARON MCNAB

    CIO (THRU 02/2023)

    Total calculated
    $230,931
    From this org
    $204,022
    From related orgs
    $0
    Other
    $26,909
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $204,022
    Bonus
    $0
    Other
    $0
    Deferred
    $10,733
    Nontaxable benefits
    $16,176
    Filer's total
    $230,931

  • PASSARD DEAN

    DEAN

    Total calculated
    $212,628
    From this org
    $185,593
    From related orgs
    $0
    Other
    $27,035
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $185,593
    Bonus
    $0
    Other
    $0
    Deferred
    $14,392
    Nontaxable benefits
    $12,643
    Filer's total
    $212,628

  • VYAS KRISHNAN

    ASSOCIATE DEAN

    Total calculated
    $190,564
    From this org
    $169,429
    From related orgs
    $0
    Other
    $21,135
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,429
    Bonus
    $0
    Other
    $0
    Deferred
    $6,426
    Nontaxable benefits
    $14,709
    Filer's total
    $190,564

  • JEFFREY D SENESE

    FORMER PRESIDENT

    Total calculated
    $470,301
    From this org
    $443,455
    From related orgs
    $0
    Other
    $26,846
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $206,801
    Bonus
    $0
    Other
    $236,654
    Deferred
    $18,739
    Nontaxable benefits
    $8,107
    Filer's total
    $470,301

  • JOHN NISBET

    FORMER CFO/VP

    Total calculated
    $198,858
    From this org
    $183,255
    From related orgs
    $0
    Other
    $15,603
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $106,524
    Bonus
    $0
    Other
    $76,731
    Deferred
    $8,879
    Nontaxable benefits
    $6,724
    Filer's total
    $198,858

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

  • 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

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
DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS PURSUANT TO THE FILING ORGANIZATIONS POLICIES AND PROCEDURES: JEFFREY SENESE: $210,000 JOHN NISBET: $65,769

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
14 February 2024
IRS schema version
2022v5.0
Source object
202440459349300714

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.