Southeastern University

Summary

Southeastern University is a Christ-centered institution of higher learning. We are committed to providing a Christian college education designed to equip the next generation to go into the world as influential servant leaders in their careers and their communities.


Contact information

Mailing address:
Southeastern University
1000 Longfellow Blvd
Lakeland, FL 33801

Website: seu.edu

Phone: 800-500-8760

Email: admission@seu.edu


Organization details

EIN: 590722789

CEO/President: Dr. Kent Ingle

Chairman: Dr. Charles Kelly

Board size: 24

Founder: J.C. Thames

Year founded: 1947

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

Southeastern University is anchored by Spirit-empowered education in a Christ-centered, student-focused learning community. Southeastern's global impact is marked by a deep commitment to transforming minds and engaging culture through the integration of faith, learning and service. Each student's divine design is nurtured and unleashed through the investment of faculty and staff, relationships within the community, the rigor of scholarship, diverse learning experiences and the discipline of spiritual formation, which propels students into a lifetime of serving the world in the Spirit of Christ.


Mission statement

Equipping students to discover and develop their divine design to serve Christ and the world through Spirit-empowered life, learning and leadership.


Statement of faith

In addition to our mission and vision statement, we hold fundamental truths about the Christian faith that include the following: The Scriptures are inspired by God and declare His design and plan for mankind. There is only one true God who is revealed in three persons: Father, Son and Holy Spirit (commonly known as the Trinity). Jesus Christ, as God's son, was both fully human and divine.

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating249 of 61820 of 85
Fund acquisition rating296 of 61846 of 85
Resource allocation rating87 of 61813 of 85
Asset utilization rating483 of 61847 of 85

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%38%41%38%55%82%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%1%1%2%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%3%3%4%4%4%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%1%1%2%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%97%97%96%96%96%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%90%91%91%90%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%101%101%99%99%108%
Program output ratio Program output ratio =
Program services /
Total revenue
80%91%92%90%89%95%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-1%-1%1%1%-8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-2%-2%3%2%-10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%9%7%7%8%8%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.990.830.780.840.740.66
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.814.966.445.212.772.42
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.184.115.024.392.041.61
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.663.682.023.077.738.47
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.270.490.330.130.12
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.712.131.211.845.126.59
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%69%69%55%52%52%
Debt ratio Debt ratio =
Debt /
Total assets
0%59%53%42%41%42%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%37%40%54%66%72%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$11,715,433$3,807,407$6,528,126$16,806,063$22,644,341
Receivables, inventories, prepaids$6,569,901$8,271,909$6,066,753$5,154,536$3,917,951
Short-term investments$6,201,824$5,039,401$4,301,677$8,143,479$6,811,351
Other current assets$0$0$0$0$0
Total current assets$24,487,158$17,118,717$16,896,556$30,104,078$33,373,643
Long-term investments$0$0$0$0$0
Fixed assets$95,392,781$92,221,376$70,401,841$52,835,615$47,160,025
Other long-term assets$1,607,564$884,741$649,394$458,617$389,625
Total long-term assets$97,000,345$93,106,117$71,051,235$53,294,232$47,549,650
Total assets$121,487,503$110,224,834$87,947,791$83,398,310$80,923,293
 
Liabilities20172016201520142013
Payables and accrued expenses$3,420,551$6,200,346$3,550,258$2,070,470$2,099,483
Other current liabilities$3,234,408$2,272,463$1,952,338$1,824,650$1,839,725
Total current liabilities$6,654,959$8,472,809$5,502,596$3,895,120$3,939,208
Debt$71,893,888$58,378,351$37,241,008$34,064,471$33,722,780
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,751,476$9,321,093$5,409,389$5,058,929$4,771,238
Total long-term liabilities$77,645,364$67,699,444$42,650,397$39,123,400$38,494,018
Total liabilities$84,300,323$76,172,253$48,152,993$43,018,520$42,433,226
 
Net assets20172016201520142013
Unrestricted$26,362,499$24,732,488$31,005,043$22,038,984$21,806,452
Temporarily restricted$6,841,532$5,711,297$5,401,723$15,440,177$14,078,656
Permanently restricted$3,983,149$3,608,796$3,388,032$2,900,629$2,604,959
Net assets$37,187,180$34,052,581$39,794,798$40,379,790$38,490,067
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$3,425,534$2,989,064$2,684,691$2,269,625$2,045,105
Program service revenue$91,370,261$77,903,193$67,207,208$56,011,870$46,312,883
Membership dues$0$0$0$0$0
Investment income$760,657$810,030$1,756,923$475,168($1,264,597)
Other revenue$4,455,962$3,703,205$3,524,650$3,451,221$2,782,911
Total other revenue$96,586,880$82,416,428$72,488,781$59,938,259$47,831,197
Total revenue$100,012,414$85,405,492$75,173,472$62,207,884$49,876,302
 
Expenses20172016201520142013
Program services$90,593,703$78,553,506$67,652,697$55,492,439$47,566,594
Management and general$8,698,977$6,213,315$5,452,961$4,667,942$4,379,103
Fundraising$1,294,404$1,233,937$1,033,303$1,246,616$1,672,363
Total expenses$100,587,084$86,000,758$74,138,961$61,406,997$53,618,060
 
Change in net assets20172016201520142013
Surplus (deficit)($574,670)($595,266)$1,034,511$800,887($3,741,758)
Other changes in net assets$0$0$0$0$0
Total change in net assets($574,670)($595,266)$1,034,511$800,887($3,741,758)

Response from ministry

No response has been provided by this ministry.


History

Southeastern University has been training servant leaders since our founding in 1935 as Alabama Shield of Faith Institute. Through the 20th and into the 21st century, we have changed locations, expanded programs and buildings and graduated some of the most talented, dedicated servant leaders in the world, who have engaged the culture and made an influence for Jesus Christ.


Program accomplishments

Named one of the fastest-growing liberal arts universities in the nation by The Chronicle of Higher Education, SEU is taking steps to meet the needs of our expanding community. We've added a brand-new football stadium, Chick-fil-A Express and multiple academic buildings in the past year, with construction already moving forward on additional facilities. Student enrollment has increased by 215% since 2010.


Needs