Lee University

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. During that period, the university has undergone a remarkable transformation that has included significant growth in academic programs, student enrollment, faculty expertise and diversity, as well as an expanded sense of mission and vision.


Contact information

Mailing address:
Lee University
1120 N. Ocoee Street
Cleveland, TN 37311

Website: leeuniversity.edu

Phone: 800-533-9930

Email: info@leeuniversity.edu


Organization details

EIN: 620502739

CEO/President: Dr. Mark Walker

Chairman: Dennis Livingston

Board size: 20

Founder: Nora Chambers

Year founded: 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.

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 rating396 of 61858 of 85
Fund acquisition rating183 of 6182 of 85
Resource allocation rating311 of 61854 of 85
Asset utilization rating595 of 61883 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%1%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%9%11%10%14%14%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%91%89%90%86%86%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%82%84%83%83%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%96%91%96%87%90%
Program output ratio Program output ratio =
Program services /
Total revenue
80%79%77%79%72%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%4%9%4%13%10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%3%6%3%9%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%18%16%17%17%19%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.990.510.500.510.480.50
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.8111.8110.4910.748.109.34
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.185.975.245.503.864.67
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.661.722.212.373.752.57
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.580.450.420.270.39
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.710.841.251.262.281.57
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%21%19%19%21%22%
Debt ratio Debt ratio =
Debt /
Total assets
0%14%12%12%15%15%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%157%163%158%166%155%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$7,623,913$6,432,907$5,872,611$9,824,676$12,040,471
Receivables, inventories, prepaids$7,792,216$9,872,332$9,316,757$10,261,868$4,050,534
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$15,416,129$16,305,239$15,189,368$20,086,544$16,091,005
Long-term investments$21,196,587$19,960,473$19,024,562$17,869,305$13,013,592
Fixed assets$142,992,374$131,864,274$126,194,271$122,068,103$117,222,914
Other long-term assets$2,486,474$2,837,971$2,694,879$2,640,748$3,926,789
Total long-term assets$166,675,435$154,662,718$147,913,712$142,578,156$134,163,295
Total assets$182,091,564$170,967,957$163,103,080$162,664,700$150,254,300
 
Liabilities20172016201520142013
Payables and accrued expenses$7,166,926$5,511,094$4,277,301$3,162,315$4,286,221
Other current liabilities$1,814,157$1,860,514$2,130,313$2,194,449$1,969,642
Total current liabilities$8,981,083$7,371,608$6,407,614$5,356,764$6,255,863
Debt$25,048,899$19,850,434$20,262,710$23,633,176$22,150,132
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$3,795,239$4,561,598$4,017,626$4,669,507$5,336,161
Total long-term liabilities$28,844,138$24,412,032$24,280,336$28,302,683$27,486,293
Total liabilities$37,825,221$31,783,640$30,687,950$33,659,447$33,742,156
 
Net assets20172016201520142013
Unrestricted$124,137,384$118,466,840$113,058,465$111,868,650$99,757,367
Temporarily restricted$6,623,994$7,825,076$6,890,971$5,724,637$6,094,182
Permanently restricted$13,504,965$12,892,401$12,465,694$11,411,966$10,660,595
Net assets$144,266,343$139,184,317$132,415,130$129,005,253$116,512,144
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$8,197,437$10,620,636$8,703,165$12,725,894$11,566,108
Program service revenue$87,376,906$81,733,720$77,688,142$75,972,280$71,993,286
Membership dues$0$0$0$0$0
Investment income$827,472$1,371,676$1,001,335$330,869$28,913
Other revenue($64,888)$16,937$0$0$0
Total other revenue$88,139,490$83,122,333$78,689,477$76,303,149$72,022,199
Total revenue$96,336,927$93,742,969$87,392,642$89,029,043$83,588,307
 
Expenses20172016201520142013
Program services$75,815,811$71,773,202$69,328,912$64,175,305$61,043,890
Management and general$16,227,494$13,675,962$14,270,771$13,366,544$14,036,488
Fundraising$57,977$0$0$0$0
Total expenses$92,101,282$85,449,164$83,599,683$77,541,849$75,080,378
 
Change in net assets20172016201520142013
Surplus (deficit)$4,235,645$8,293,805$3,792,959$11,487,194$8,507,929
Other changes in net assets$0$0$0$0$0
Total change in net assets$4,235,645$8,293,805$3,792,959$11,487,194$8,507,929

Response from ministry

No response has been provided by this ministry.


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

Lee is emerging as a leader in higher education in the southeastern region and was ranked in 2010 in the "Top Tier" in the South by U.S. News & World Report (Comprehensive Medium- Size Universities). Lee is also ranked by Princeton Review's "Best Colleges" and is now one of the 141 colleges named Best in the Southeast. Christian Universities Online identified Lee University as the most affordable Christian College in the United States.


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