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 rating180 of 91313 of 111
Fund acquisition rating364 of 91544 of 111
Resource allocation rating423 of 91551 of 111
Asset utilization rating97 of 9137 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%11%40%40%38%41%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%8%2%2%3%3%
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
87%92%98%98%97%97%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%85%86%86%90%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%96%105%105%101%101%
Program output ratio Program output ratio =
Program services /
Total revenue
81%82%91%91%91%92%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%4%-5%-5%-1%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%20%-26%-26%-2%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%14%13%13%9%7%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.921.121.120.830.78
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.736.916.576.574.966.44
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.626.347.377.374.115.02
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.081.481.171.173.682.02
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.680.850.850.270.49
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.950.610.240.242.131.21
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%80%78%78%69%69%
Debt ratio Debt ratio =
Debt /
Total assets
16%65%61%61%59%53%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%22%19%19%37%40%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$7,672,602$2,521,084$2,521,084$11,715,433$3,807,407
Receivables, inventories, prepaids$11,547,715$5,760,773$5,760,773$6,569,901$8,271,909
Short-term investments$328,064$8,896,568$8,896,568$6,201,824$5,039,401
Other current assets$0$0$0$0$0
Total current assets$19,548,381$17,178,425$17,178,425$24,487,158$17,118,717
Long-term investments$17,121,856$1,022,788$1,022,788$0$0
Fixed assets$97,972,571$94,176,271$94,176,271$95,392,781$92,221,376
Other long-term assets$418,528$555,361$555,361$1,607,564$884,741
Total long-term assets$115,512,955$95,754,420$95,754,420$97,000,345$93,106,117
Total assets$135,061,336$112,932,845$112,932,845$121,487,503$110,224,834
 
Liabilities20202019201820172016
Payables and accrued expenses$9,387,988$12,194,028$12,194,028$3,420,551$6,200,346
Other current liabilities$3,830,061$2,454,816$2,454,816$3,234,408$2,272,463
Total current liabilities$13,218,049$14,648,844$14,648,844$6,654,959$8,472,809
Debt$87,503,091$69,345,157$69,345,157$71,893,888$58,378,351
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$6,830,020$4,303,284$4,303,284$5,751,476$9,321,093
Total long-term liabilities$94,333,111$73,648,441$73,648,441$77,645,364$67,699,444
Total liabilities$107,551,160$88,297,285$88,297,285$84,300,323$76,172,253
 
Net assets20202019201820172016
Without donor restrictions$12,762,053$12,888,588$12,888,588$26,362,499$24,732,488
With donor restrictions$14,748,123$11,746,972$11,746,972$10,824,681$9,320,093
Net assets$27,510,176$24,635,560$24,635,560$37,187,180$34,052,581
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$10,096,021$2,861,432$2,861,432$3,425,534$2,989,064
Program service revenue$118,462,802$117,011,069$117,011,069$91,370,261$77,903,193
Membership dues$0$0$0$0$0
Investment income$452,092$327,630$327,630$760,657$810,030
Other revenue$405,104$95,433$95,433$4,455,962$3,703,205
Total other revenue$119,319,998$117,434,132$117,434,132$96,586,880$82,416,428
Total revenue$129,416,019$120,295,564$120,295,564$100,012,414$85,405,492
 
Expenses20202019201820172016
Program services$105,661,435$108,992,186$108,992,186$90,593,703$78,553,506
Management and general$17,090,280$16,482,566$16,482,566$8,698,977$6,213,315
Fundraising$1,145,582$1,145,463$1,145,463$1,294,404$1,233,937
Total expenses$123,897,297$126,620,215$126,620,215$100,587,084$86,000,758
 
Change in net assets20202019201820172016
Surplus (deficit)$5,518,722($6,324,651)($6,324,651)($574,670)($595,266)
Other changes in net assets$0$0$0$0$0
Total change in net assets$5,518,722($6,324,651)($6,324,651)($574,670)($595,266)

Compensation

NameTitleCompensation
Dr Kent InglePresident$519,817
Dr Chris OwenExecutive Vice President$425,340
Jeffrey B SpearVP For Finance/CFO$270,431
Dr William HackettProvost$261,334
Roy Rowland IVVP For Enrollment Manageme$249,528
Justin LathropVP of Strategic Partnershi$231,870
Nick WallsteadtVP For Unrestricted Educat$198,432
Dr Andrew PermenterVP For Institutional Resea$191,700
Dr Bethany ThomasVP For Student Development$182,929
Dennis RossDistinguished Professor$174,570
Dr Lyle BowlinDean of School of Business$154,570
Amy BrattenAssociate Provost$144,663
Dr Alan EhlerDean of School of Ministry$140,829
John SpurlingExec Dir-Strategic Leadership$137,641
Michael SteinerChief of Staff$113,068

Compensation data as of: 5/31/2020


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