Southeastern University INC FY2021 filing

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To provide education in a christ-centered, student-focused environment.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $6.3M a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $27.0M in investments, Pt X · Ln 11–13
Fine: 0.9 months of spending in cash, plus $27.0M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $56K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$108.0M
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
24
of 25 voting members
Looks good: 24 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$130.8M
+1% vs prior year
Spent
$129.3M
To programs
88%
Net assets
$31.0M
By yearFY2020–FY2025
Revenue
$130.8M
FY2021▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$129.4M
FY2021$130.8M
FY2022$143.0M
FY2023$126.3M
FY2024$135.5M
FY2025$158.8M
Expenses
$129.3M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$123.9M
FY2021$129.3M
FY2022$131.7M
FY2023$128.8M
FY2024$133.7M
FY2025$138.4M
Net assets
$31.0M
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$27.5M
FY2021$31.0M
FY2022$49.9M
FY2023$47.8M
FY2024$50.4M
FY2025$70.4M

From the FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1947.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $113.3M Management & general 12% · $15.0M Fundraising 1% · $1.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$292,184Pt VII · Sec A
Executive Vice President
$233,395Pt VII · Sec A
VP for Finance/CFO
$223,569Pt VII · Sec A
VP for Enrollment Management
$203,527Pt VII · Sec A
Provost Emeritus
$165,825Pt VII · Sec A
Professor, Political Science
$161,848Pt VII · Sec A
VP for Student Development
$149,154Pt VII · Sec A
Associate Provost
$136,411Pt VII · Sec A

Dr Kent Ingle’s $461K as President is at the 32nd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr Kent Ingle$460,689$536,707$451,963$329,179$292,184$325,625
Dr J Christopher Owen$363,113—————
Dr J Chris Owen—$344,732$317,862$250,271$233,395—
Dr Chris Owen—————$262,892
Dr Meghan L Griffin$242,440$213,269$176,495———
Phillip Schmitt$236,059$220,232$183,873———
Roy Rowland IV—$182,772$234,264$198,284$203,527$207,328
Jeffrey B Spear————$223,569$229,680

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers Christ-centered education focused on students' needs.

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Provided by the organization

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2 programs · $113.3M · in their own filed words · FY2020
01

Associated with the assemblies of god denomination, southeastern university enrolls over 9,400 students, both traditional and nontraditional, who represent a variety of denominations, personal interests, backgrounds, states, and countries.

$105.2Mprogram expense
02

Auxiliary enterprises is the second largest program as we continue to invest in our campus culture by offering campus housing and food service options tailored to meet the majority of our students needs.

$8.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$56K
See all 3 funders →
Grants paid · 11 grants · $253.7M · 2019–2024
Unitemized GrantFY2024$42,504,012
Unitemized GrantFY2024$1,558,125
10ten Project INCGA · FY2024$22,500
Unitemized GrantFY2023$42,211,517
Unitemized GrantFY2023$1,905,036
Unitemized GrantFY2022$41,632,426
Unitemized GrantFY2022$1,714,822
Unitemized GrantFY2021$48,681,160
Unitemized GrantFY2020$37,638,442
Unitemized GrantFY2019$35,827,779

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$130.8M
Ln 12
Fees for servicesLn 2g$111.9M
Gifts and grantsLn 1h$18.7M
Investment incomeLn 3$170K
Money outPt IX
$129.3M
Ln 25
Programscol B$113.3M
Managementcol C$15.0M
Fundraisingcol D$1.0M
Owns and owesPt X
$31.0M
net assets · Ln 32
Cash and savingsLn 1–2$10.1M
Total assetsLn 16$138.9M
LiabilitiesLn 26$108.0M
PeoplePt VI, VII
32
listed · VII A
PaidVII A8
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.7M
Noncash giftsLn 1g$1K
Fundraising eventsLn 1c$6K
Fees for servicesLn 2g$111.9M
Investment incomeLn 3$170K
Other incomeLn 4–11$28K
Gains on assetsLn 7$814
Total revenueLn 12$130.8M
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$10.1M
Cash and savings togetherLn 1–2$10.1M
InvestmentsLn 11–13$27.0M
Land, buildings, equipmentLn 10c$94.9M
Other assetsLn 15$304K
Total assetsLn 16$138.9M
LiabilitiesLn 26$108.0M
Net assetsLn 32$31.0M
OperationsPt I, VI
EmployeesI 52,087
VolunteersI 623
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$53.3M
Bond issues listedSch K Pt I5
Raised by those issuesSch K Pt I$66.4M
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$10.1M$9.8M$9.1M$8.5M$7.6M
Given inLn 1b$19K$442K$394K$534K$374K
SpentLn 1d–1f$237K$150K$136K$141K$3.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$7.7M$10.1M
InvestmentsLn 11–13$17.4M$27.0M
Land, buildings, equipmentLn 10c$98.0M$94.9M
Total assetsLn 16$135.1M$138.9M
LiabilitiesLn 26$107.6M$108.0M
Net assetsLn 32$27.5M$31.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$37.6M$37.6M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2.3M$1.8M$460K$27K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$35.6M$28.1M$7.0M$414K
Pension plan contributionsLn 8$2.0M$1.5M$386K$23K
Other employee benefitsLn 9$5.3M$4.2M$1.0M$61K
Payroll taxesLn 10$2.3M$1.8M$453K$27K
Management feesLn 11a$0
Legal feesLn 11b$470K$470K
Accounting feesLn 11c$196K$196K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$177K$177K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$3.3M$2.6M$653K$38K
Advertising and promotionLn 12$1.0M$829K$207K$12K
Office expensesLn 13$2.6M$2.0M$504K$30K
Information technologyLn 14$1.6M$1.2M$310K$18K
RoyaltiesLn 15$0
OccupancyLn 16$1.7M$1.4M$338K$20K
TravelLn 17$888K$703K$175K$10K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$275K$217K$54K$3K
InterestLn 20$3.8M$3.0M$758K$45K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$6.8M$5.4M$1.3M$79K
InsuranceLn 23$1.2M$975K$244K$14K
Other expenses (24a–d)Ln 24$13.6M$13.6M
All other expensesLn 24e$6.6M$6.2M$342K$20K
Total functional expensesLn 25$129.3M$113.3M$15.0M$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 11, 2026 $158.8M$138.4M$20.5M$70.4M 990 PDF
FY2024Filed with the IRS Apr 14, 2025 $135.5M$133.7M$1.8M$50.4M 990 PDF
FY2023Filed with the IRS Apr 13, 2024 $126.3M$128.8M−$2.6M$47.8M 990 PDF
FY2022Filed with the IRS Oct 12, 2022 $143.0M$131.7M$11.3M$49.9M 990 PDF
FY2021 ViewingFiled with the IRS Dec 17, 2021 $130.8M$129.3M$1.4M$31.0M 990 PDF
FY2020Filed with the IRS Mar 9, 2021 $129.4M$123.9M$5.5M$27.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $130,768,783 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,096,021$18,653,090
I-9 Program service revenuePrior year $118,462,802$111,917,808
I-10 Investment incomePrior year $452,092$170,087
I-11 Other revenuePrior year $405,104$27,798
I-12 Total revenuePrior year $129,416,019$130,768,783
I-13 Grants and similar amounts paidPrior year $35,827,779$37,638,442
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $51,314,938$47,421,119
I-16a Professional fundraising feesPrior year $60,499$177,309
I-17 Other expensesPrior year $36,694,081$44,095,965
I-18 Total expensesPrior year $123,897,297$129,332,835
I-19 Revenue less expensesPrior year $5,518,722$1,435,948
Part VI · Governance 24 of 25 board members independent, 1 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $130,768,783 across 12 lines filed
VIII-1c Fundraising events$5,934
VIII-1f All other contributions, gifts and grants$18,647,156
VIII-1g Noncash contributions (included above)$1,000
VIII-1h Total contributions, gifts and grants$18,653,090
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $111,917,808$111,917,808
VIII-3 Investment incomeExcluded from tax $169,273$169,273
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $814$814
VIII-8 Net income from fundraising eventsExcluded from tax $526$526
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $27,272$27,272
VIII-12 Total revenueRelated to mission $111,945,080 · Excluded from tax $170,613$130,768,783
Part IX · Statement of functional expenses $129,332,835 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $37,638,442$37,638,442
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $1,843,156 · Management $460,225 · Fundraising $27,112$2,330,493
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $28,131,049 · Management $7,024,156 · Fundraising $413,800$35,569,005
IX-8 Pension plan contributionsPrograms $1,546,490 · Management $386,149 · Fundraising $22,748$1,955,387
IX-9 Other employee benefitsPrograms $4,168,479 · Management $1,040,844 · Fundraising $61,317$5,270,640
IX-10 Payroll taxesPrograms $1,815,555 · Management $453,333 · Fundraising $26,706$2,295,594
IX-11a Management fees$0
IX-11b Legal feesManagement $469,530$469,530
IX-11c Accounting feesManagement $195,739$195,739
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $177,309$177,309
IX-11f Investment management feesManagement $3,983$3,983
IX-11g Other fees for servicesPrograms $2,615,519 · Management $653,080 · Fundraising $38,473$3,307,072
IX-12 Advertising and promotionPrograms $829,122 · Management $207,027 · Fundraising $12,196$1,048,345
IX-13 Office expensesPrograms $2,018,514 · Management $504,011 · Fundraising $29,692$2,552,217
IX-14 Information technologyPrograms $1,241,311 · Management $309,948 · Fundraising $18,259$1,569,518
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,351,777 · Management $337,531 · Fundraising $19,884$1,709,192
IX-17 TravelPrograms $702,670 · Management $175,453 · Fundraising $10,336$888,459
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $217,491 · Management $54,306 · Fundraising $3,199$274,996
IX-20 InterestPrograms $3,036,322 · Management $758,151 · Fundraising $44,663$3,839,136
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $5,393,388 · Management $1,346,697 · Fundraising $79,335$6,819,420
IX-23 InsurancePrograms $975,224 · Management $243,507 · Fundraising $14,345$1,233,076
IX-24 Other expenses (24a–d)Programs $13,631,647$13,631,647
IX-24e All other expensesPrograms $6,191,227 · Management $342,246 · Fundraising $20,162$6,553,635
IX-25 Total functional expensesPrograms $113,347,383 · Management $14,965,916 · Fundraising $1,019,536$129,332,835
Part X · Balance sheet $138,909,409 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $2,344,312$63,667
X-2 Savings and temporary cash investmentsStart of year $5,328,290$10,080,844
X-3 Pledges and grants receivableStart of year $2,542,681$2,228,155
X-4 Accounts receivableStart of year $8,483,990$4,040,324
X-8 Inventories for sale or useStart of year $3,580$635
X-9 Prepaid expenses and deferred chargesStart of year $517,464$251,818
X-10c Land, buildings and equipment, netStart of year $97,972,571$94,944,356
X-11 Publicly traded securitiesStart of year $328,064$9,068,378
X-12 Other securitiesStart of year $16,172,727$17,160,293
X-13 Program-related investmentsStart of year $949,129$766,860
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $418,528$304,079
X-16 Total assetsStart of year $135,061,336$138,909,409
X-17 Accounts payable and accrued expensesStart of year $8,944,811$8,668,217
X-18 Grants payableStart of year $443,177$7,102
X-19 Deferred revenueStart of year $3,830,061$4,054,725
X-20 Tax-exempt bond liabilitiesStart of year $54,939,473$53,281,599
X-24 Unsecured notes and loans payableStart of year $4,820,567$5,452,318
X-25 Other liabilitiesStart of year $6,830,020$12,540,882
X-26 Total liabilitiesStart of year $107,551,160$107,952,505
X-27 Net assets without donor restrictionsStart of year $12,762,053$16,623,275
X-28 Net assets with donor restrictionsStart of year $14,748,123$14,333,629
X-32 Total net assets or fund balancesStart of year $27,510,176$30,956,904
X-33 Total liabilities and net assetsStart of year $135,061,336$138,909,409
Part XI · Reconciliation of net assets $30,956,904 net assets at year end
XI-1 Total revenue$130,768,783
XI-2 Total expenses$129,332,835
XI-3 Revenue less expenses$1,435,948
XI-4 Net assets at start of year$27,510,176
XI-5 Net unrealized gains (losses) on investments$198,825
XI-9 Other changes in net assets$1,811,955
XI-10 Net assets at end of year$30,956,904

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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