Lee University

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tricon Inc
Construction
$2,687,585
First American Equipment Finance
Computer Leases
$463,518
Ellucian Company Lp
Software Maintenance
$529,487
Follett Higher Education
Bookstore Management
$968,761
Sodexo
Food Service/catering
$4,396,695
View All Vendors

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

Grants Recieved

Over the last fiscal year, we have identified 28 grants that Lee University has recieved totaling $681,950.

Awarding OrganizationAmount
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
$21,654
View Grant Recipient Profile

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 NameAssets
Washington & Lee University
Lexington, VA
$186,199,453
Davidson College
Davidson, NC
$194,756,860
Rhodes College
Memphis, TN
$126,618,541
Berry College Inc
Mount Berry, GA
$178,933,031
Berea College
Berea, KY
$205,202,087
Campbellsville University Inc
Campbellsville, KY
$142,326,474
Spelman College
Atlanta, GA
$182,970,731
Centre College Of Kentucky
Danville, KY
$215,283,093
Mississippi College
Clinton, MS
$113,425,007
Roanoke College
Salem, VA
$126,475,040
Lee University
Cleveland, TN
$108,753,431
Morehouse College
Atlanta, GA
$206,029,432

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