Southeastern University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/27/2020. To update the information in this column, please email: info@ministrywatch.com


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

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating212 of 81723 of 100
Fund acquisition rating495 of 81766 of 100
Resource allocation rating331 of 81743 of 100
Asset utilization rating57 of 8177 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%40%40%38%41%38%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%2%2%3%3%4%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%98%98%97%97%96%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%86%86%90%91%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%105%105%101%101%99%
Program output ratio Program output ratio =
Program services /
Total revenue
82%91%91%91%92%90%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-5%-5%-1%-1%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-26%-26%-2%-2%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%13%13%9%7%7%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.521.121.120.830.780.84
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.886.576.574.966.445.21
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.697.377.374.115.024.39
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.861.171.173.682.023.07
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.850.850.270.490.33
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.800.240.242.131.211.84
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%78%78%69%69%55%
Debt ratio Debt ratio =
Debt /
Total assets
17%61%61%59%53%42%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%19%19%37%40%54%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$2,521,084$2,521,084$11,715,433$3,807,407$6,528,126
Receivables, inventories, prepaids$5,760,773$5,760,773$6,569,901$8,271,909$6,066,753
Short-term investments$8,896,568$8,896,568$6,201,824$5,039,401$4,301,677
Other current assets$0$0$0$0$0
Total current assets$17,178,425$17,178,425$24,487,158$17,118,717$16,896,556
Long-term investments$1,022,788$1,022,788$0$0$0
Fixed assets$94,176,271$94,176,271$95,392,781$92,221,376$70,401,841
Other long-term assets$555,361$555,361$1,607,564$884,741$649,394
Total long-term assets$95,754,420$95,754,420$97,000,345$93,106,117$71,051,235
Total assets$112,932,845$112,932,845$121,487,503$110,224,834$87,947,791
 
Liabilities20192018201720162015
Payables and accrued expenses$12,194,028$12,194,028$3,420,551$6,200,346$3,550,258
Other current liabilities$2,454,816$2,454,816$3,234,408$2,272,463$1,952,338
Total current liabilities$14,648,844$14,648,844$6,654,959$8,472,809$5,502,596
Debt$69,345,157$69,345,157$71,893,888$58,378,351$37,241,008
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$4,303,284$4,303,284$5,751,476$9,321,093$5,409,389
Total long-term liabilities$73,648,441$73,648,441$77,645,364$67,699,444$42,650,397
Total liabilities$88,297,285$88,297,285$84,300,323$76,172,253$48,152,993
 
Net assets20192018201720162015
Unrestricted$12,888,588$12,888,588$26,362,499$24,732,488$31,005,043
Temporarily restricted$0$0$6,841,532$5,711,297$5,401,723
Permanently restricted$11,746,972$11,746,972$3,983,149$3,608,796$3,388,032
Net assets$24,635,560$24,635,560$37,187,180$34,052,581$39,794,798
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$2,861,432$2,861,432$3,425,534$2,989,064$2,684,691
Program service revenue$117,011,069$117,011,069$91,370,261$77,903,193$67,207,208
Membership dues$0$0$0$0$0
Investment income$327,630$327,630$760,657$810,030$1,756,923
Other revenue$95,433$95,433$4,455,962$3,703,205$3,524,650
Total other revenue$117,434,132$117,434,132$96,586,880$82,416,428$72,488,781
Total revenue$120,295,564$120,295,564$100,012,414$85,405,492$75,173,472
 
Expenses20192018201720162015
Program services$108,992,186$108,992,186$90,593,703$78,553,506$67,652,697
Management and general$16,482,566$16,482,566$8,698,977$6,213,315$5,452,961
Fundraising$1,145,463$1,145,463$1,294,404$1,233,937$1,033,303
Total expenses$126,620,215$126,620,215$100,587,084$86,000,758$74,138,961
 
Change in net assets20192018201720162015
Surplus (deficit)($6,324,651)($6,324,651)($574,670)($595,266)$1,034,511
Other changes in net assets$0$0$0$0$0
Total change in net assets($6,324,651)($6,324,651)($574,670)($595,266)$1,034,511

Compensation

NameTitleCompensation
Dr Kent InglePresident$507,491
Dr Chris OwenExecutive Vice President$396,045
Dr William HackettProvost$275,592
Jeffrey B SpearVP for Finance/CFO$260,714
Mr Justin LathropVP of Strategic Partnerships$240,556
Mr Roy Rowland IVVP for Enrollment Management$235,891
Dr Andrew PermenterVP for Institutional Research$212,172
Emile Hugo HawkinsChair Dept. Entrepreneurial Leader$195,132
Mr Nick WallsteadtVP for Unrestricted Education$189,121
Bethany ThomasVP for Student Development$171,223
Susan K StanleyAssociate Professor of Education$155,257
Amy BrattenAssociate Provost$144,399
Steven HendersonAssociate Professor Doctorate Edu.$126,047
John RoyerProfessor in School of Business$125,604

Compensation data as of: 5/31/2019


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 10/27/2020. To update the information below, please email: info@ministrywatch.com


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