Lee University

The information on this page was last updated 3/21/2023. If you see errors or omissions, please email: [email protected]


Summary

Lee University is a private, comprehensive university located in Cleveland, Tennessee, in the foothills of the Appalachian Mountains. The university's growing reputation as a quality institution can be seen in the high caliber of faculty, students, and friends who are drawn to the campus. This marks the 30th straight year of increased enrollment under the leadership of president, Dr. Paul Conn (no longer President). Over the past two decades, Lee has become one of the largest Christ-centered private institutions in Tennessee and the largest in the Appalachian College Association.


Contact information

Mailing address:
Lee University
PO Box 3450
Cleveland, TN 37320

Website: leeuniversity.edu

Phone: 800-533-9930

Email: [email protected]


Organization details

EIN: 620502739

CEO/President: Dr. Mark Walker

Chairman: Wade Lombard

Board size: 24

Founder: Nora Chambers

Ruling year: 1951

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

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.


Mission statement

Lee is a Christian institution which offers liberal arts and professional education on both the baccalaureate 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.


Statement of faith

For your reference, following is the Declaration of Faith as provided by the Church of God, Lee University's sponsoring denomination. Faculty members at Lee University agree in their contracts not to propagate any religious doctrines, teach or publish anything contrary to the Declaration of Faith. We believe:

In the verbal inspiration of the Bible.

In one God eternally existing in three persons; namely, the Father, Son, and Holy Ghost.

That Jesus Christ is the only begotten Son of the Father, conceived of the Holy Ghost, and born of the Virgin Mary.

That Jesus was crucified, buried, and raised from the dead. That He ascended to heaven and is today at the right hand of the Father as the Intercessor.

That all have sinned and come short of the glory of God and that repentance is commanded of God for all and necessary for forgiveness of sins.

That justification, regeneration, and the new birth are wrought by faith in the blood of Jesus Christ.

In sanctification subsequent to the new birth, through faith in the blood of Christ, through the Word, and by the Holy Ghost.

Holiness to be God's standard of living for His people.

In the baptism with the Holy Ghost subsequent to a clean heart.

In speaking with other tongues as the Spirit gives utterance and that it is the initial evidence of the baptism of the Holy Ghost.

In water baptism by immersion, and all who repent should be baptized in the name of the Father, and of the Son, and of the Holy Ghost.

That divine healing is provided for all in the atonement.

In the Lord's Supper and washing of the saints' feet.

In the pre-millennial second coming of Jesus. First, to resurrect the righteous dead and to catch away the living saints to Him in the air. Second, to reign on the earth a thousand years.

In the bodily resurrection; eternal life for the righteous, and eternal punishment for the wicked.

Donor confidence score

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Transparency grade

C

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating375 of 111047 of 129
Fund acquisition rating139 of 111120 of 129
Resource allocation rating709 of 111184 of 129
Asset utilization rating524 of 111068 of 129

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%0%0%0%0%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%15%12%11%7%7%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%85%88%89%93%93%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%81%82%82%83%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%97%94%97%98%98%
Program output ratio Program output ratio =
Program services /
Total revenue
80%79%77%80%82%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%3%6%3%2%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%2%4%2%1%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%19%18%18%17%18%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.530.470.510.570.55
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.6911.806.268.0118.1419.07
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.446.232.924.0910.3210.53
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.231.522.332.471.331.33
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.660.430.400.750.75
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.290.662.351.750.290.29
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%20%25%24%19%19%
Debt ratio Debt ratio =
Debt /
Total assets
11%8%9%12%12%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%152%161%148%142%147%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$6,600,350$15,394,029$19,785,542$5,069,770$3,582,074
Receivables, inventories, prepaids$10,387,669$19,347,777$5,344,074$5,055,049$5,869,286
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$16,988,019$34,741,806$25,129,616$10,124,819$9,451,360
Long-term investments$32,018,540$29,813,115$28,582,875$22,766,575$21,415,236
Fixed assets$150,660,689$152,149,691$146,482,976$149,254,093$147,233,249
Other long-term assets$738,741$942,172$1,208,545$1,510,636$2,099,987
Total long-term assets$183,417,970$182,904,978$176,274,396$173,531,304$170,748,472
Total assets$200,405,989$217,646,784$201,404,012$183,656,123$180,199,832
 
Liabilities20222021202020192018
Payables and accrued expenses$8,966,095$12,168,295$7,288,057$5,618,854$5,173,355
Other current liabilities$2,184,337$2,737,444$2,876,668$1,971,364$1,912,922
Total current liabilities$11,150,432$14,905,739$10,164,725$7,590,218$7,086,277
Debt$16,394,147$20,430,423$23,692,534$22,575,096$21,876,683
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$12,069,951$18,793,282$15,287,533$4,648,471$4,634,628
Total long-term liabilities$28,464,098$39,223,705$38,980,067$27,223,567$26,511,311
Total liabilities$39,614,530$54,129,444$49,144,792$34,813,785$33,597,588
 
Net assets20222021202020192018
Without donor restrictions$136,394,166$136,142,218$131,490,979$129,036,602$128,138,437
With donor restrictions$24,397,293$27,375,122$20,768,241$19,805,736$18,463,807
Net assets$160,791,459$163,517,340$152,259,220$148,842,338$146,602,244
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$16,312,235$12,923,425$11,468,687$7,441,775$7,062,255
Program service revenue$91,186,449$93,570,165$94,206,766$97,951,222$93,900,077
Membership dues$0$0$0$0$0
Investment income$1,591,566$1,369,331$691,561$1,036,906$950,978
Other revenue($336,819)$98,786($263,005)($64,579)($65,390)
Total other revenue$92,441,196$95,038,282$94,635,322$98,923,549$94,785,665
Total revenue$108,753,431$107,961,707$106,104,009$106,365,324$101,847,920
 
Expenses20222021202020192018
Program services$85,828,194$82,945,646$84,697,483$86,759,168$81,628,887
Management and general$20,086,593$18,360,725$18,178,260$17,739,145$17,811,875
Fundraising$0$0$0$0$57,977
Total expenses$105,914,787$101,306,371$102,875,743$104,498,313$99,498,739
 
Change in net assets20222021202020192018
Surplus (deficit)$2,838,644$6,655,336$3,228,266$1,867,011$2,349,181
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,838,644$6,655,336$3,228,266$1,867,011$2,349,181

Compensation

NameTitleCompensation
Mark WalkerPresident$330,302
Charles Paul ConnChancellor$235,331
Chris ConineChief Financial Officer$179,646
Bradley MoffettVice President of University Relations$158,742
Michael HayesVP of Student Development$157,948
Jayson VanhookVice President For Enrollment and Marketing$148,181
Sara CampbellDean of School of Nursing$141,328
Deborah MurrayChief Academic Officer$136,227

Compensation data as of: 6/30/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/21/2023. To update the information below, please email: [email protected]


History

Founded as the Bible Training School in 1918 by the Church of God, Cleveland, Tennessee, the institution was renamed in 1947 to honor its second president, the Reverend F. J. Lee, and attained university status in 1997. The original purpose was to provide both general and biblical training for those persons entering the Christian ministry, and through the years Lee University has continued this purpose of "ministry," ever more broadly defined to include both church and non-church vocations. Many of the students are affiliated with the Church of God; however, numerous students come from other denominations.


Program accomplishments

Enrollment: 3,500+
Majors Offered: 50+


Needs