2024-11-14T15:01:56-06:00 2023-12-31 582663273 SYMPHONA LLP 118 PARK OF COMMERCE DR STE 200 SAVANNAH GA 31405 990 2023-01-01 815128459 SOUTH UNIVERSITY - MEMBER INC SOUT 8884443404 709 MALL BOULEVARD SAVANNAH GA 31406 STEVEN YOHO CHANCELLOR AND CEO 8884443404 2024-10-31 1 0 JOHN A VANDAVEER P01297285 9122381001 2024-10-31 X 2023 2024-10-15 13:58:12Z X STEVEN YOHO 709 MALL BOULRVARD SAVANNAH GA 31406 266735187 0 X WWW.SOUTHUNIVERSITY.EDU X 2023 DE SEE SCHEDULE O 4 4 2309 0 0 0 0 0 238455229 266735187 0 0 0 0 238455229 266735187 26342036 31677305 0 0 86658657 94897608 0 0 0 114156817 127305480 227157510 253880393 11297719 12854794 156774409 150083423 155100012 135552432 1674397 14530991 X SEE SCHEDULE O. 0 0 228597349 31677305 266735987 SOUTH UNIVERSITY IS AN ACADEMIC INSTITUTION DEDICATED TO PROVIDING EDUCATIONAL OPPORTUNITIES FOR THE INTELLECTUAL, SOCIAL AND PROFESSIONAL DEVELOPMENT OF A DIVERSE STUDENT POPULATION. SOUTH UNIVERSITY IS RECOGNIZED AS A 501(C)(3) ENTITY BY THE INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY. SOUTH UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES TO AWARD ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORATE DEGREES. WITH 11 LOCATIONS IN ALABAMA, FLORIDA, GEORGIA, NORTH CAROLINA,SOUTH CAROLINA, TEXAS, AND VIRGINIA,SOUTH UNIVERSITY'S APPROACH TO HIGHER EDUCATION, AND THE RESULTING VARIED ACADEMIC EXPERIENCES, PROVIDES STUDENTS WITH THE PRAGMATIC APPROACH NECESSARY TO CREATE THE FOUNDATION FOR PERSONAL AND PROFESSIONAL FULFILLMENT. THE UNIVERSITY PROVIDES A LEARNING ENVIRONMENT, BOTH ON-CAMPUS AND ONLINE, THAT HELPS STUDENTS IDENTIFY GOALS AND THE MEANS TO ACHIEVE THEM. WITH THIS PHILOSOPHY IN MIND, STUDENTS CAN LEARN BY INTERACTING WITH A COMMUNITY OF FACULTY, STAFF AND ADMINISTRATION DEDICATED TO SOUTH UNIVERSITY'S ACADEMIC PURPOSE. SOUTH UNIVERSITY OFFERS ACADEMIC PROGRAMS ACROSS ITS 11 CAMPUSES AND THROUGH ONLINE PROGRAMS. THE UNIVERSITY'S ACADEMICS ARE ORGANIZED ACROSS FIVE COLLEGES: ARTS AND SCIENCES, BUSINESS, HEALTH PROFESSIONS, NURSING AND PUBLIC HEALTH, THEOLOGY - AND A SCHOOL OF PHARMACY.IN FALL 2023, A TOTAL OF 12,577 STUDENTS ENROLLED AT SOUTH UNIVERSITYCAMPUSES AND ONLINE WITH 82% WHO ATTEND FULLY ONLINE. MORE THAN 28% OFSTUDENTS ARE ENROLLED IN GRADUATE PROGRAMS. 68% OF STUDENTSARE FROM DIVERSE POPULATIONS - AND 78% OF STUDENTS ARE FEMALE. 228597349 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 826 0 1 2309 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 GA X STEVEN YOHO 8884443404 709 MALL BLVD SAVANNAH GA 31406 MICHAEL COLEGROVE BOARD MEMBER 1.00 X 0 0 0 KATHLEEN FARLEY BOARD MEMBER 1.00 X 0 0 0 MARIA RUSS BOARD MEMBER 1.00 X 0 0 0 STEVEN YOHO CHANCELLOR & CEO 50.00 X X 534669 0 0 ADRIANN SAX BOARD MEMBER 1.00 X 0 0 0 ALISA KROUSE VC STUDENT AFFAIRS 50.00 X 259854 0 0 TERESA HAINES VC FOR HR & CHRO 50.00 X 230779 0 0 DEANA ECHOLS HOPPER VC FINANCIAL AID 50.00 X 207436 0 0 RICARDO MENDOZA VC ADMISSIONS 50.00 X 237184 0 0 GILBERT SINGLETARY VC ACADEMIC AFFAIRS 50.00 X 298747 0 0 MICHELLE KRAWCZYK DEAN NURSING/PUBLIC HEALTH 50.00 X 221168 0 0 ILARIA GADALLA DEAN HEALTH PROFESSIONS 50.00 X 207499 0 0 MATTHEW GAVLIK AVC STUDENT SUCCESS 50.00 X 184227 0 0 KENNETH BAKER VP OF MARKETING 50.00 X 157361 0 0 JAMES CARUSO TREASURER 50.00 X 158289 0 0 GREGORY REED CONTROLLER 50.00 X 153857 0 0 JESSICA MASONER DEAN ARTS AND SCIENCES 50.00 X 135306 0 0 2986376 0 0 14 0 1 0 0 TUITION AND FEES 611600 261829027 261829027 OTHER AUXILIARY SERVICES 611600 4896608 4896608 OTHER 611600 9552 9552 266735187 266735187 266735187 0 0 31677305 31677305 2332643 2099527 233116 158289 142470 15819 92406676 83171876 9234800 7163752 6447832 715920 47226491 42506840 4719651 16250955 14626891 1624064 6193038 6193038 5028455 5028455 OTHER EXPENSES 25482537 22935901 2546636 BAD DEBT EXPENSE 19960252 19960252 253880393 228597349 25283044 0 15435777 688007 1235011 7918509 44408369 56408001 2112972 3490813 48054881 29832636 19133753 18222245 3400290 4962113 71048237 58393735 156774409 150083423 7517508 7808684 15007720 16702531 132574784 111041217 155100012 135552432 X 1639821 14496415 34576 34576 1674397 14530991 156774409 150083423 X 12854794 1800 X X 0 1 X 1 1 1 X 28818338 14947653 13870685 10428191 7395122 3033069 8808352 7489861 1318491 18222245 RIGHT OF USE ASSETS 58393735 58393735 RIGHT OF USE LIABILITIES 66383551 LONG TERM DEBT 36295619 CURRENT PORTION OF LONG TERM DEBT 7737963 DEFERRED RENT 624084 111041217 X 235057882 0 235057882 31677305 31677305 266735187 222203088 0 222203088 31677305 31677305 253880393 PART X, LINE 2: THE UNIVERSITY IS A CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) WHEREBY ONLY UNRELATED BUSINESS INCOME AS DEFINED BY SECTION 512(A)(1) OF THE IRC IS SUBJECT TO FEDERAL INCOME TAX. ANY TAX ON THE UNRELATED BUSINESS ACTIVITIES IS NOT SIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS. ACCORDINGLY, NO PROVISION OR LIABILITY FOR FEDERAL OR STATE INCOME TAXES IS RECORDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE FASB REQUIRES MANAGEMENT TO ANNUALLY EVALUATE THE UNIVERSITY'S TAX POSITION, INCLUDING ACCOUNTING FOR AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2023, MANAGEMENT CONCLUDED THAT NO UNCERTAIN TAX POSITIONS HAD BEEN TAKEN THAT WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 26,170,343. AID WAIVERS AND ADJUSTMENTS 5,506,962. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 26,170,343. AID WAIVERS AND ADJUSTMENTS 5,506,962. 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SOUTH UNIVERSITY: 1. DRAWS STUDENTS FROM AN EXTENSIVE AREA, MORE THAN THE LOCAL COMMUNITY, AND 2. FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO ITS STUDENTS. WE SATISFY THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF OUR RACIALLY NONDISCRIMINATORY POLICY IN ALL OUR BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. ALSO, WE INCLUDE A REFERENCE TO OUR RACIALLY NONDISCRIMINATORY POLICY ON OUR WEBSITE AND IN OTHER WRITTEN ADVERTISING THAT WE USE TO INFORM PROSPECTIVE STUDENTS OF OUR PROGRAMS. SCHEDULE E, PART I, LINE 4 SOUTH UNIVERSITY - MEMBER DOES NOT SOLICIT CONTRIBUTIONS SCHEDULE E, PART I, LINE 6 SOUTH UNIVERSITY PARTICIPATES IN THE FOLLOWING FEDERAL TITLE IV STUDENT FINANCIAL AID PROGRAMS: FEDERAL PELL, FSEOG, FEDERAL WORK STUDY, FEDERAL PERKINS LOAN AND VOCATIONAL REHABILITATION PROGRAMS. 1 SCHOLARSHIPS AND GRANTS 9324 26170343 AID WAIVERS AND ADJUSTMENTS 3749 5506962 PART 1, LINE 2 THE SCHOOL AWARDS GRANTS BASED UPON THE FOLLOWING: THE SCHOOL AWARDS SCHOLARSHIPS TO STUDENTS BASED ON MERIT AND FINANCIAL NEED. THE FINANCIAL AID OFFICE AND BUSINESS OFFICE HAS SPECIFIC CRITERIA THAT MUST BE MET IN AWARDING AID TO STUDENTS. THE CRITERIA FOR AWARDING AID IS DOCUMENTED BY THE FINANCIAL AID OFFICE. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. X X X X X X 0 0 0 0 0 0 0 0 0 STEVEN YOHO CHANCELLOR & CEO 534669 0 0 0 0 0 0 0 0 0 534669 0 0 0 GILBERT SINGLETARY VC ACADEMIC AFFAIRS 298747 0 0 0 0 0 0 0 0 0 298747 0 0 0 ALISA KROUSE VC STUDENT AFFAIRS 259854 0 0 0 0 0 0 0 0 0 259854 0 0 0 RICARDO MENDOZA VC ADMISSIONS 237184 0 0 0 0 0 0 0 0 0 237184 0 0 0 TERESA HAINES VC FOR HR & CHRO 230779 0 0 0 0 0 0 0 0 0 230779 0 0 0 MICHELLE KRAWCZYK DEAN NURSING/PUBLIC HEALTH 221168 0 0 0 0 0 0 0 0 0 221168 0 0 0 ILARIA GADALLA DEAN HEALTH PROFESSIONS 207499 0 0 0 0 0 0 0 0 0 207499 0 0 0 DEANA ECHOLS HOPPER VC FINANCIAL AID 207436 0 0 0 0 0 0 0 0 0 207436 0 0 0 MATTHEW GAVLIK AVC STUDENT SUCCESS 184227 0 0 0 0 0 0 0 0 0 184227 0 0 0 JAMES CARUSO TREASURER 158289 0 0 0 0 0 0 0 0 0 158289 0 0 0 KENNETH BAKER VP OF MARKETING 157361 0 0 0 0 0 0 0 0 0 157361 0 0 0 GREGORY REED CONTROLLER 153857 0 0 0 0 0 0 0 0 0 153857 0 0 0 ORGANIZATION'S MISSION SOUTH UNIVERSITY IS AN ACADEMIC INSTITUTION DEDICATED TO PROVIDING EDUCATIONAL OPPORTUNITIES FOR THE INTELLECTUAL, SOCIAL, AND PROFESSIONAL DEVELOPMENT OF A DIVERSE STUDENT POPULATION. TO ACHIEVE THIS PURPOSE, THE INSTITUTION OFFERS FOCUSED AND BALANCED CURRICULA AT THE ASSOCIATE'S, BACCALAUREATE, MASTER'S AND DOCTORAL LEVELS. A BROAD-BASED CORE CURRICULUM IS OFFERED, PROMOTING CRITICAL THINKING, EFFECTIVE VERBAL AND WRITTEN COMMUNICATION, AND SKILLS FOR LIFE-LONG LEARNING. ADDITIONALLY, THE UNIVERSITY FOCUSES ON DEVELOPING THE REQUISITES TO PURSUE AND APPRECIATE KNOWLEDGE AS WELL AS A PURSUIT OF LIFELONG LEARNING. SOUTH UNIVERSITY'S APPROACH TO HIGHER EDUCATION AND THE RESULTING FLEXIBLE ACADEMIC EXPERIENCES PROVIDE STUDENTS WITH THE INTELLECTUAL INSIGHT AND SENSIBLE APPROACH NECESSARY TO CREATE THE FOUNDATION FOR PERSONAL AND PROFESSIONAL FULFILLMENT. SOUTH UNIVERSITY HAS A GOAL TO PROVIDE A COMPREHENSIVE EDUCATION THAT INSTILLS WITHIN ITS STUDENTS A PHILOSOPHY THAT VALUES NOT ONLY LEARNING AND PROFESSIONALISM, BUT ALSO CONTRIBUTION AND COMMITMENT TO THE ADVANCEMENT OF COMMUNITY. BELIEVING THAT QUALIFIED INDIVIDUALS SHOULD HAVE THE PRIVILEGE OF FORMAL ACADEMIC TRAINING, SOUTH UNIVERSITY WELCOMES THOSE WHO SEEK EDUCATIONAL CHALLENGES. TO THIS END, THE UNIVERSITY PROVIDES A LEARNING ENVIRONMENT, BOTH ON CAMPUS AND ONLINE, THAT HELPS STUDENTS IDENTIFY GOALS AND THE MEANS TO ACHIEVE THEM. WITH THIS PHILOSOPHY IN MIND, STUDENTS LEARN BY INTERACTING WITH A COMMUNITY OF FACULTY, STAFF, AND ADMINISTRATION DEDICATED TO SOUTH UNIVERSITY'S ACADEMIC PURPOSE. FORM 990, PAGE 1, CHANGE IN FORM OF ORGANIZATION CHANGE IN OWNERSHIP ON JULY 14, 2023, EDUCATION PRINCIPLE FOUNDATION ("EPF") RELINQUISHED ITS OWNERSHIP IN SOUTH UNIVERSITY MEMBER, LLC. THE SEPARATION ALLOWED SOUTH UNIVERSITY MEMBER, INC. TO BECOME THE SENIOR ENTITY IN THE UNIVERSITY OWNERSHIP STRUCTURE. PRIOR TO SEPARATION, SOUTH UNIVERSITY MEMBER, LLC. WAS A REGISTERED ARIZONA NONPROFIT LIMITED LIABILITY COMPANY. AS PART OF THE SEPARATION, SOUTH UNIVERSITY MEMBER, INC. WILL CONVERT TO A DELAWARE NONPROFIT NONSTOCK CORPORATION, THUS CHANGING ITS DOMICILE FROM ARIZONA TO DELAWARE THUS BECOMING SOUTH UNIVERSITY MEMBER, INC. SOUTH UNIVERSITY MEMBER, INC. HAS NO SHAREHOLDERS, AND ITS ONLY MEMBERS ARE THE DIRECTORS ON ITS BOARD OF DIRECTORS. BOTH ARIZONA AND DELAWARE LAW TREAT A CONVERSION FROM A LIMITED LIABILITY COMPANY TO A CORPORATION AS A MATTER OF FORM IN WHICH THE CONVERTED ENTITY RETAINS ITS IDENTITY THROUGH THE CONVERSION. IN OTHER WORDS, THE CONVERTED ENTITY IS NOT A "NEW" LEGAL ENTITY, BUT RATHER THE SAME LEGAL ENTITY IN A DIFFERENT FORM. DELAWARE LAW ALSO PROVIDES THAT A LEGAL ENTITY FORMED IN ANOTHER STATE THAT BECOMES A DELAWARE CORPORATION REMAINS THE SAME LEGAL ENTITY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED AND APPROVED BY THE FINANCE TEAM AND CEO. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHOULD ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEW SHOULD BE CONDUCTED AT LEAST ANNUALLY. THE PERIODIC REVIEW SHOULD, AT A MINIMUM, INCLUDE: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING; AND (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT CORPORATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES OF SOUTH UNIVERSITY DEVELOPS THE COMPENSATION ARRANGEMENTS FOR CHIEF EMPLOYED EXECUTIVES, OFFICERS, AND KEY EMPLOYEES. THE ARRANGEMENTS ARE REVIEWED AND APPROVED BY THE SOUTH UNIVERSITY BOARD OR DELEGATED COMMITEE OF THE BOARD. THE PROCESS UTILIZES IMPARTIAL DECISION MAKERS, COMPARABILITY DATA, AND CONCURRENT DOCUMENTATION IN SETTING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS CAN BE MADE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: OTHER 1,800. FORM 990, PART XII, LINE 2C: THE COMMITTEE HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS. 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