Lee University
- Assets
- $200.4m
- Revenue
- $108.8m
- Investments
- $32.0m
- Employees
- 2,365
- Location
- Cleveland, TN
- Founding
- 10/1951
- Data as of
- 06/2022
- EIN
- 62-0502739
Organization Overview
Lee University is located in Cleveland, TN. The organization was established in 1951. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Lee University employed 2,365 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee University 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 06/2022, Lee University generated $108.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $105.9m during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL EXPENSES - INSTRUCTION IS PROVIDED TO APPROXIMATELY 3,649 FULL TIME EQUIVALENT STUDENTS IN VARIOUS PROGRAMS THROUGHOUT THE ACADEMIC YEAR. THIS INCLUDES BOTH UNDERGRADUATE AND GRADUATE PROGRAMS.
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.
STUDENT SERVICES - PROVIDES SERVICES TO ENROLLED STUDENTS INCLUDING STUDENT ATHLETICS, HEALTH CLINIC, SPIRITUAL LIFE PROGRAMS, RESIDENTIAL LIFE PROGRAMS, ETC.
AUXILIARY SERVICES - OPERATED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND STAFF INCLUDING RESIDENCE HALLS, DINING HALLS, CAMPUS BOOKSTORE, AND THE TELEPHONE SYSTEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Walker President | Officer | 40 | $210,758 |
Charles Paul Conn Chancellor | 40 | $175,926 | |
Chris Conine Chief Financial Officer | Officer | 40 | $147,484 |
Deborah Murray Chief Academic Officer | Officer | 40 | $130,269 |
Michael Hayes VP Of Student Development | 40 | $128,795 | |
Sara Campbell Dean Of School Of Nursing | 40 | $123,332 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food Service/catering | 6/29/22 | $4,396,695 |
Tricon Inc Construction | 6/29/22 | $2,687,585 |
Ellucian Company Lp Software Maintenance | 6/29/22 | $529,487 |
First American Equipment Finance Computer Leases | 6/29/22 | $463,518 |
Follett Higher Education Bookstore Management | 6/29/22 | $968,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,329,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,982,790 |
| Noncash contributions included in lines 1a–1f | $231,781 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,312,235 |
| Total Program Service Revenue | $91,186,449 |
| Investment income | $601,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $989,627 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,753,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,600,552 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,696,739 |
| Pension plan accruals and contributions | $1,235,105 |
| Other employee benefits | $3,744,058 |
| Payroll taxes | $2,343,654 |
| Fees for services: Management | $2,656 |
| Fees for services: Legal | $260,345 |
| Fees for services: Accounting | $108,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,819 |
| Fees for services: Other | $2,209,963 |
| Advertising and promotion | $1,088,393 |
| Office expenses | $2,232,544 |
| Information technology | $1,726,417 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,818,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $623,112 |
| Interest | $456,237 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,935,932 |
| Insurance | $996,145 |
| All other expenses | $2,580,345 |
| Total functional expenses | $105,914,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,600,350 |
| Pledges and grants receivable | $5,884,486 |
| Accounts receivable, net | $4,316,981 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $617,469 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $186,202 |
| Net Land, buildings, and equipment | $150,660,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $32,018,540 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $121,272 |
| Total assets | $200,405,989 |
| Accounts payable and accrued expenses | $8,966,095 |
| Grants payable | $0 |
| Deferred revenue | $2,184,337 |
| Tax-exempt bond liabilities | $16,370,227 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,920 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,069,951 |
| Total liabilities | $39,614,530 |
| Net assets without donor restrictions | $136,394,166 |
| Net assets with donor restrictions | $24,397,293 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $200,405,989 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Lee University has recieved totaling $681,950.
| Awarding Organization | Amount |
|---|---|
George R Johnson Family Foundation Cleveland, TN PURPOSE: PROGRAM SUPPORT | $150,000 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $122,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $100,000 |
East Tennessee Foundation Knoxville, TN PURPOSE: CAPITAL CAMPAIGN | $100,000 |
Chattanooga Christian Community Foundation Chattanooga, TN PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES | $28,950 |
United Way Of The Ocoee Region Cleveland, TN | | $21,654 |
Endowment Analysis
| Beg. Balance | $30,674,062 |
| Earnings | -$4,038,778 |
| Net Contributions | $1,232,026 |
| Other Expense | $90,783 |
| Ending Balance | $27,776,527 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington & Lee University Lexington, VA | $2,101,751,936 | $186,199,453 |
Davidson College Davidson, NC | $1,786,522,691 | $194,756,860 |
Rhodes College Memphis, TN | $583,153,249 | $126,618,541 |
Berry College Inc Mount Berry, GA | $1,445,846,752 | $178,933,031 |
Berea College Berea, KY | $1,637,313,850 | $205,202,087 |
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |