Lee University FY2021 filing

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Lee University is a private, comprehensive University located in cleveland, tennessee. The University is operated under the auspices of the church of god and is governed by a board of trustees.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
6 of 6
filings with a surplus
Average surplus $5.8M a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
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
2 mo
of spending, in cash
Plus $29.8M in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $92K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$54.1M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108.0M
+2% vs prior year
Spent
$101.3M
To programs
82%
Net assets
$163.5M
By yearFY2020–FY2025
Revenue
$108.0M
FY2021▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$106.1M
FY2021$108.0M
FY2022$108.8M
FY2023$97.3M
FY2024$91.6M
FY2025$111.3M
Expenses
$101.3M
FY2021▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$102.9M
FY2021$101.3M
FY2022$105.9M
FY2023$93.5M
FY2024$91.4M
FY2025$93.2M
Net assets
$163.5M
FY2021▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$152.3M
FY2021$163.5M
FY2022$160.8M
FY2023$166.2M
FY2024$169.4M
FY2025$187.2M

From the FY2021 Form 990 (year ending June 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 Oct 1951.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $82.9M Management & general 18% · $18.4M

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

27 people listed on the 990; $1.2M 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
$165,337Pt VII · Sec A
Chief Financial Officer
$146,291Pt VII · Sec A
Chancellor
$146,164Pt VII · Sec A
VP of Student Development
$131,518Pt VII · Sec A
Chief Academic Officer
$128,819Pt VII · Sec A
Dean, College of Education
$126,410Pt VII · Sec A
Dean of School of Nursing
$121,576Pt VII · Sec A
VP for Info Sys/Assoc Prof
$112,939Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Charles Paul Conn$170,643$205,431$265,717$175,926——
Mark Walker$146,090$201,045$207,654$210,758$165,337$131,995
Paul Conn————$146,164$162,897
Andrea Dismukes$158,297—————
Chris Conine$140,984$152,241$150,717$147,484$146,291$146,346
Christopher Coulter——$138,843———
Sara Campbell—$135,400$124,088$123,332$121,576$119,404
Deborah Murray$123,819$132,819$133,319$130,269$128,819$118,819

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.

See Lee University executive salaries →

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

Provides Christian liberal arts and professional education, integrating faith with academics.

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3 programs · $74.4M · in their own filed words · FY2020
01

Instructional Expenses

Instruction is provided to approximately 4,081 full time equivalent students in various programs throughout the academic year. This includes both undergraduate and graduate programs.

$57.6Mprogram expense
02

Student Services

Provides services to enrolled students including student athletics, health clinic, spiritual life programs, residential life programs, etc.

$13.2Mprogram expense
03

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.

$3.6Mprogram 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
See all 5 funders →
Grants paid · 6 grants · $159.5M · 2019–2024
Unitemized GrantFY2024$25,865,979
Unitemized GrantFY2023$25,112,594
Unitemized GrantFY2022$24,154,333
Unitemized GrantFY2021$26,600,552
Unitemized GrantFY2020$28,393,393
Unitemized GrantFY2019$29,350,971

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $24.5M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$16.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$6.9M
Trio Student Support ServicesDepartment of Education · ALN 84.042 · Direct$279K
Trio McNair Post-Baccalaureate AchievementDepartment of Education · ALN 84.217 · Direct$233K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$220K

Plus 6 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $24.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$17.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$5.4M
Trio Student Support ServicesDepartment of Education · ALN 84.042 · Direct$262K
Trio McNair Post-Baccalaureate AchievementDepartment of Education · ALN 84.217 · Direct$256K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$236K

Plus 5 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $26.5M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$19.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$4.9M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$686K
Trio_student Support ServicesDepartment of Education · ALN 84.042 · Direct$274K
Trio_mcnair Post-Baccalaureate AchievementDepartment of Education · ALN 84.217 · Direct$271K

Plus 6 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $38.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$22.4M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$9.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$5.9M
Trio_mcnair Post-Baccalaureate AchievementDepartment of Education · ALN 84.217 · Direct$257K
Trio_student Support ServicesDepartment of Education · ALN 84.042 · Direct$254K

Plus 7 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$108.0M
Ln 12
Fees for servicesLn 2g$93.6M
Gifts and grantsLn 1h$12.9M
Investment incomeLn 3$1.4M
Money outPt IX
$101.3M
Ln 25
Programscol B$82.9M
Managementcol C$18.4M
Owns and owesPt X
$163.5M
net assets · Ln 32
Cash and savingsLn 1–2$15.4M
Total assetsLn 16$217.6M
LiabilitiesLn 26$54.1M
PeoplePt VI, VII
27
listed · VII A
PaidVII A9
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.9M
Government grantsLn 1e$6.0M
Noncash giftsLn 1g$20K
Fees for servicesLn 2g$93.6M
Investment incomeLn 3$1.4M
Other incomeLn 4–11$99K
Gains on assetsLn 7$1.0M
Total revenueLn 12$108.0M
Assets in detailPt X, end of year
SavingsLn 2$15.4M
Cash and savings togetherLn 1–2$15.4M
Pledges and grants receivableLn 3$14.7M
Accounts receivableLn 4$4.5M
Notes and loans receivableLn 7$809K
Prepaid expenses and deferred chargesLn 9$115K
Land, buildings, equipmentLn 10c$152.1M
InvestmentsLn 11–13$29.8M
Other assetsLn 15$133K
Total assetsLn 16$217.6M
LiabilitiesLn 26$54.1M
Net assetsLn 32$163.5M
OperationsPt I, VI
EmployeesI 51,868
VolunteersI 60
Fiscal year endsHeaderJune
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$20.4M
Bond issues listedSch K Pt I6
Raised by those issuesSch K Pt I$45.3M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$26K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$63K
Share of the $30.7M endowmentSch D 1g0.20%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$30.7M$24.9M$23.9M$21.9M$20.6M
Given inLn 1b$1.1M$791K$672K$1.1M$622K
SpentLn 1d–1f$1.2M$631K$67K$687K$1.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$19.8M$15.4M
InvestmentsLn 11–13$28.6M$29.8M
Land, buildings, equipmentLn 10c$146.5M$152.1M
Total assetsLn 16$201.4M$217.6M
LiabilitiesLn 26$49.1M$54.1M
Net assetsLn 32$152.3M$163.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$28.4M$28.4M
Other salaries and wagesLn 7$34.7M$27.8M$6.9M
Pension plan contributionsLn 8$1.3M$931K$396K
Other employee benefitsLn 9$3.7M$3.0M$739K
Payroll taxesLn 10$2.4M$1.8M$521K
Management feesLn 11a$5K$5K
Legal feesLn 11b$159K$159K
Accounting feesLn 11c$84K$84K
Investment management feesLn 11f$63K$63K
Other fees for servicesLn 11g$1.5M$733K$787K
Advertising and promotionLn 12$470K$268K$202K
Office expensesLn 13$2.2M$1.5M$665K
Information technologyLn 14$1.6M$1.6M
TravelLn 17$1.1M$903K$245K
Conferences, conventions and meetingsLn 19$452K$206K$246K
InterestLn 20$508K$470K$38K
Depreciation, depletion and amortizationLn 22$4.9M$4.5M$365K
InsuranceLn 23$799K$229K$570K
Other expenses (24a–d)Ln 24$15.3M$11.0M$4.4M
All other expensesLn 24e$1.6M$1.2M$383K
Total functional expensesLn 25$101.3M$82.9M$18.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 11, 2026 $111.3M$93.2M$18.0M$187.2M 990 PDF
FY2024Filed with the IRS Apr 3, 2025 $91.6M$91.4M$209K$169.4M 990 PDF
FY2023Filed with the IRS May 10, 2024 $97.3M$93.5M$3.8M$166.2M 990 PDF
FY2022Filed with the IRS Feb 28, 2023 $108.8M$105.9M$2.8M$160.8M 990 PDF
FY2021 ViewingFiled with the IRS Feb 15, 2022 $108.0M$101.3M$6.7M$163.5M 990 PDF
FY2020Filed with the IRS May 17, 2021 $106.1M$102.9M$3.2M$152.3M 990 PDF

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 $107,961,707 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,468,687$12,923,425
I-9 Program service revenuePrior year $94,206,766$93,570,165
I-10 Investment incomePrior year $691,561$1,369,331
I-11 Other revenuePrior year −$263,005$98,786
I-12 Total revenuePrior year $106,104,009$107,961,707
I-13 Grants and similar amounts paidPrior year $29,350,971$28,393,393
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $42,173,913$42,108,387
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $31,350,859$30,804,591
I-18 Total expensesPrior year $102,875,743$101,306,371
I-19 Revenue less expensesPrior year $3,228,266$6,655,336
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $107,961,707 across 9 lines filed
Lines not itemized here account for $91,692 of total revenue; see the IRS return.
VIII-1e Government grants$5,998,813
VIII-1f All other contributions, gifts and grants$6,924,612
VIII-1g Noncash contributions (included above)$20,000
VIII-1h Total contributions, gifts and grants$12,923,425
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $93,478,473$93,478,473
VIII-3 Investment incomeExcluded from tax $319,602$319,602
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,049,729$1,049,729
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $98,786$98,786
VIII-12 Total revenueRelated to mission $93,668,951 · Unrelated business $0 · Excluded from tax $1,369,331$107,961,707
Part IX · Statement of functional expenses $101,306,371 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $28,393,393$28,393,393
IX-7 Other salaries and wagesPrograms $27,756,116 · Management $6,913,012$34,669,128
IX-8 Pension plan contributionsPrograms $930,686 · Management $395,541$1,326,227
IX-9 Other employee benefitsPrograms $3,007,752 · Management $739,294$3,747,046
IX-10 Payroll taxesPrograms $1,845,478 · Management $520,508$2,365,986
IX-11a Management feesPrograms $4,550$4,550
IX-11b Legal feesManagement $158,645$158,645
IX-11c Accounting feesManagement $83,800$83,800
IX-11f Investment management feesManagement $62,844$62,844
IX-11g Other fees for servicesPrograms $732,810 · Management $786,744$1,519,554
IX-12 Advertising and promotionPrograms $268,446 · Management $201,934$470,380
IX-13 Office expensesPrograms $1,523,685 · Management $665,048$2,188,733
IX-14 Information technologyManagement $1,619,807$1,619,807
IX-17 TravelPrograms $902,567 · Management $244,955$1,147,522
IX-19 Conferences, conventions and meetingsPrograms $205,842 · Management $245,965$451,807
IX-20 InterestPrograms $470,192 · Management $38,305$508,497
IX-22 Depreciation, depletion and amortizationPrograms $4,485,643 · Management $365,430$4,851,073
IX-23 InsurancePrograms $228,788 · Management $570,345$799,133
IX-24 Other expenses (24a–d)Programs $10,972,052 · Management $4,365,219$15,337,271
IX-24e All other expensesPrograms $1,217,646 · Management $383,329$1,600,975
IX-25 Total functional expensesPrograms $82,945,646 · Management $18,360,725 · Fundraising $0$101,306,371
Part X · Balance sheet $217,646,784 assets, 19 lines filed
X-2 Savings and temporary cash investmentsStart of year $19,785,542$15,394,029
X-3 Pledges and grants receivableStart of year $1,017,083$14,695,041
X-4 Accounts receivableStart of year $4,181,367$4,538,002
X-7 Notes and loans receivableStart of year $1,060,939$808,831
X-9 Prepaid expenses and deferred chargesStart of year $145,624$114,734
X-10c Land, buildings and equipment, netStart of year $146,482,976$152,149,691
X-12 Other securitiesStart of year $28,582,875$29,813,115
X-15 Other assetsStart of year $147,606$133,341
X-16 Total assetsStart of year $201,404,012$217,646,784
X-17 Accounts payable and accrued expensesStart of year $7,288,057$12,168,295
X-19 Deferred revenueStart of year $2,876,668$2,737,444
X-20 Tax-exempt bond liabilitiesStart of year $23,682,163$20,390,423
X-23 Secured mortgages and notes payableStart of year $10,371$40,000
X-25 Other liabilitiesStart of year $15,287,533$18,793,282
X-26 Total liabilitiesStart of year $49,144,792$54,129,444
X-27 Net assets without donor restrictionsStart of year $131,490,979$136,142,218
X-28 Net assets with donor restrictionsStart of year $20,768,241$27,375,122
X-32 Total net assets or fund balancesStart of year $152,259,220$163,517,340
X-33 Total liabilities and net assetsStart of year $201,404,012$217,646,784
Part XI · Reconciliation of net assets $163,517,340 net assets at year end
XI-1 Total revenue$107,961,707
XI-2 Total expenses$101,306,371
XI-3 Revenue less expenses$6,655,336
XI-4 Net assets at start of year$152,259,220
XI-5 Net unrealized gains (losses) on investments$4,599,587
XI-9 Other changes in net assets$3,197
XI-10 Net assets at end of year$163,517,340

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

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