2025-11-14T08:40:02-06:00 2024-12-31 582663273 SYMPHONA LLP 118 PARK OF COMMERCE DR STE 200 SAVANNAH GA 31405 990 2024-01-01 815128459 SOUTH UNIVERSITY - MEMBER INC SOUT 8884443404 709 MALL BOULEVARD SAVANNAH GA 31406 GREG REED VICE CHANCELLOR OF FINANCE AND ACCT 8884443404 2025-11-13 1 1 TAYLOR M ROOP P02345360 9122381001 2025-11-13 2024 2025-03-06 01:10:19Z GREG REED 709 MALL BOULEVARD SAVANNAH GA 31406 305449830 0 X WWW.SOUTHUNIVERSITY.EDU X 2023 DE SEE SCHEDULE O 6 6 2362 0 0 0 0 0 266735187 305449830 0 0 0 0 266735187 305449830 31677305 33059277 0 0 94897608 105499626 0 0 0 127305480 138670395 253880393 277229298 12854794 28220532 150083423 156264687 135552432 113513164 14530991 42751523 X SEE SCHEDULE O. 0 0 251881122 33059277 305449830 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 2024, A TOTAL OF 12,528 STUDENTS ENROLLED AT SOUTH UNIVERSITYCAMPUSES AND ONLINE WITH 84% WHO ATTEND FULLY ONLINE. MORE THAN 29% OFSTUDENTS ARE ENROLLED IN GRADUATE PROGRAMS. 71% OF STUDENTSARE FROM DIVERSE POPULATIONS - AND 75% OF STUDENTS ARE FEMALE. 251881122 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 1 938 0 1 2362 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 GA X BEN DEGWECK 8884443404 709 MALL BLVD SAVANNAH GA 31406 BRAD TALBERT BOARD MEMBER 1.00 X 0 0 0 BROCK HAAS BOARD MEMBER 1.00 X 0 0 0 STEVEN YOHO CHANCELLOR & CEO 50.00 X X 645460 0 0 ADRIANN SAX BOARD MEMBER 1.00 X 0 0 0 STEVEN GORDON BOARD MEMBER 1.00 X 0 0 0 MARIA RUSS BOARD MEMBER 1.00 X 0 0 0 ALISA KROUSE VC STUDENT AFFAIRS 50.00 X 276402 0 0 TERESA HAINES VC FOR HR & CHRO 50.00 X 264507 0 0 DEANA ECHOLS HOPPER VC FINANCIAL AID 50.00 X 223069 0 0 RICARDO MENDOZA VC ADMISSIONS 50.00 X 256128 0 0 GILBERT SINGLETARY VC ACADEMIC AFFAIRS 50.00 X 330088 0 0 MICHELLE KRAWCZYK DEAN NURSING/PUBLIC HEALTH 50.00 X 229018 0 0 ILARIA GADALLA DEAN HEALTH PROFESSIONS 50.00 X 216139 0 0 MATTHEW GAVLIK AVC STUDENT SUCCESS 50.00 X 190523 0 0 KENNETH BAKER VP OF MARKETING 50.00 X 158944 0 0 GREGORY REED CONTROLLER 50.00 X 210639 0 0 JESSICA MASONER DEAN ARTS AND SCIENCES 50.00 X 162001 0 0 CHRISTIAN WRIGHT AVC ACADEMIC AFFAIRS 50.00 X 161793 0 0 ERIK SPOELSTRA DEAN BUSINESS/INFO TECH 50.00 X 140906 0 0 ABIR KAHALEH DEAN PHARMACY (FORMER) 50.00 X 220422 0 0 3686039 0 0 15 1 1 0 0 TUITION AND FEES 611600 299894192 299894192 OTHER AUXILIARY SERVICES 611600 5540638 5540638 OTHER 611600 15000 15000 305449830 305449830 305449830 0 0 33059277 33059277 2602603 2345304 257299 220422 198631 21791 102676601 92525759 10150842 7966984 7179350 787634 49275487 44404001 4871486 15583909 14043248 1540661 4864297 4864297 4943055 4943055 OTHER EXPENSES 28870121 26015955 2854166 BAD DEBT EXPENSE 27166542 27166542 277229298 251881122 25348176 0 688007 876669 7918509 18372579 56408001 65172980 3490813 3727393 51379228 33799029 18222245 17580199 4962113 5744908 58393735 44789959 150083423 156264687 7808684 7461209 16702531 18528474 111041217 87523481 135552432 113513164 X 14496415 42701647 34576 49876 14530991 42751523 150083423 156264687 28220532 0 X X 0 1 X 1 1 1 X 29852462 17554591 12297871 12490572 8163857 4326715 9036194 8080581 955613 17580199 RIGHT OF USE ASSETS 44789959 44789959 RIGHT OF USE LIABILITIES 51345852 LONG TERM DEBT 118712 CURRENT PORTION OF LONG TERM DEBT 35407495 DEFERRED RENT 651422 87523481 X 272390553 0 272390553 33059277 33059277 305449830 244170021 0 244170021 33059277 33059277 277229298 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 26,017,316. AID WAIVERS AND ADJUSTMENTS 7,041,961. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 26,017,316. AID WAIVERS AND ADJUSTMENTS 7,041,961. 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 9998 26017316 AID WAIVERS AND ADJUSTMENTS 3840 7041961 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 645460 0 0 0 0 0 0 0 0 0 645460 0 0 0 GILBERT SINGLETARY VC ACADEMIC AFFAIRS 330088 0 0 0 0 0 0 0 0 0 330088 0 0 0 ALISA KROUSE VC STUDENT AFFAIRS 276402 0 0 0 0 0 0 0 0 0 276402 0 0 0 TERESA HAINES VC FOR HR & CHRO 264507 0 0 0 0 0 0 0 0 0 264507 0 0 0 RICARDO MENDOZA VC ADMISSIONS 256128 0 0 0 0 0 0 0 0 0 256128 0 0 0 MICHELLE KRAWCZYK DEAN NURSING/PUBLIC HEALTH 229018 0 0 0 0 0 0 0 0 0 229018 0 0 0 DEANA ECHOLS HOPPER VC FINANCIAL AID 223069 0 0 0 0 0 0 0 0 0 223069 0 0 0 ABIR KAHALEH DEAN PHARMACY (FORMER) 220422 0 0 0 0 0 0 0 0 0 220422 0 0 0 ILARIA GADALLA DEAN HEALTH PROFESSIONS 216139 0 0 0 0 0 0 0 0 0 216139 0 0 0 GREGORY REED CONTROLLER 210639 0 0 0 0 0 0 0 0 0 210639 0 0 0 MATTHEW GAVLIK AVC STUDENT SUCCESS 190523 0 0 0 0 0 0 0 0 0 190523 0 0 0 JESSICA MASONER DEAN ARTS AND SCIENCES 162001 0 0 0 0 0 0 0 0 0 162001 0 0 0 CHRISTIAN WRIGHT AVC ACADEMIC AFFAIRS 161793 0 0 0 0 0 0 0 0 0 161793 0 0 0 KENNETH BAKER VP OF MARKETING 158944 0 0 0 0 0 0 0 0 0 158944 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, 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 XII, LINE 2C: THE COMMITTEE HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS. 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