Saint Leo University Inc is located in Saint Leo, FL. The organization was established in 2005. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Saint Leo University Inc employed 2,348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Leo University Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Saint Leo University Inc generated $170.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $171.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward Dadez President | OfficerTrustee | 60 | $275,840 |
James Detuccio VP Business Affairs/cfo | OfficerTrustee | 60 | $217,766 |
John E View Chair | OfficerTrustee | 1 | $0 |
Joseph P Connellan Vice Chair | OfficerTrustee | 1 | $0 |
Abbott Isaac J Camacho Os B Current Trustee | Trustee | 1 | $0 |
Richard Johnson Current Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Quinstreet Inc Student Recruitment Services | 6/29/23 | $6,709,946 |
Creative Contractors Inc Wellness Center & Bowman Center Project | 6/29/23 | $3,403,545 |
Eab Global Inc Student Recruitment Services | 6/29/23 | $3,373,678 |
Varsity Health Llc Health Services For Campus Students | 6/29/23 | $838,508 |
Corporate Building Solutions Misc Cons. Serv. & Bldg Maintenance | 6/29/23 | $784,776 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $15,171,702 |
Investment income | $1,766,262 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,720,550 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $169,994,974 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $27,573,069 |
Grants and other assistance to Foreign Orgs/Individuals | $4,969,238 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,580,949 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $61,906,846 |
Pension plan accruals and contributions | $3,282,754 |
Other employee benefits | $13,077,049 |
Payroll taxes | $5,296,233 |
Fees for services: Management | $0 |
Fees for services: Legal | $442,422 |
Fees for services: Accounting | $224,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $261,640 |
Fees for services: Other | $3,049,441 |
Advertising and promotion | $16,798,710 |
Office expenses | $3,862,099 |
Information technology | $5,767,117 |
Royalties | $0 |
Occupancy | $2,448,931 |
Travel | $302,631 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $71,795 |
Interest | $2,030,309 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,670,565 |
Insurance | $2,496,527 |
All other expenses | $0 |
Total functional expenses | $171,550,767 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,024,057 |
Savings and temporary cash investments | $14,239,935 |
Pledges and grants receivable | $1,888,210 |
Accounts receivable, net | $3,535,206 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $327,373 |
Prepaid expenses and deferred charges | $3,763,482 |
Investments—publicly traded securities | $88,977,321 |
Investments—other securities | $4,287,212 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $14,616,738 |
Total assets | $278,133,015 |
Accounts payable and accrued expenses | $23,867,044 |
Grants payable | $94,564 |
Deferred revenue | $2,023,193 |
Tax-exempt bond liabilities | $74,471,354 |
Escrow or custodial account liability | $278,100 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $2,493,606 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $11,020,997 |
Total liabilities | $114,248,858 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $163,884,157 |