2026-03-18T14:51:23-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-07-01 591023117 LYNN UNIVERSITY INC LYNN 5612377946 3601 NORTH MILITARY TRAIL BOCA RATON FL 33431 KEVIN ROSS PRESIDENT 5612377163 2026-03-18 1 1 ERIN COUTURE P01390592 6177237900 2024 2025-03-06 01:10:19Z KEVIN ROSS 3601 NORTH MILITARY TRAIL BOCA RATON FL 33431 206554850 0 X WWW.LYNN.EDU X 1962 FL SEE SCHEDULE O 12 11 1526 56 46116 32720 4995112 10553590 141108138 143600551 2078068 2765424 2177053 2806573 150358371 159726138 46650337 50365230 0 0 57467888 60704924 0 0 4705896 47311191 48686687 151429416 159756841 -1071045 -30703 223851505 217796942 90117589 80147315 133733916 137649627 X FOUNDED IN 1962 AND LOCATED IN BOCA RATON, FLORIDA, LYNN UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). (CONTINUED IN SCH O)THE UNIVERSITY'S MISSION IS TO PROVIDE AN INNOVATIVE, GLOBAL AND PERSONALIZED EDUCATION THAT ENABLES STUDENTS TO REALIZE THEIR POTENTIAL. THE UNIVERSITY'S 2025 ANNUAL REPORT OUTLINES THE SUCCESSFUL COMPLETION OF THE LYNN 2025 STRATEGIC PLAN, A ROADMAP FOR GROWTH, POWERED BY INNOVATION IN CURRICULUM, TECHNOLOGY AND CAMPUS DESIGN. THE UNIVERSITY EARNED NATIONAL RECOGNITION AS ONE OF THE MOST INNOVATIVE UNIVERSITIES IN THE COUNTRY, GREW ENROLLMENT AND RETENTION, STRENGTHENED ITS ENDOWMENT, INVESTED IN CHAMPIONSHIP ATHLETICS AND BUILT FACILITIES THAT SUPPORT STUDENT LIVING, HEALTH AND WELLNESS. READ MORE AT: MAGAZINE.LYNN.EDU/2025. 0 0 72968076 48031711 42250340 THE UNIVERSITY OFFERS BACHELOR'S AND MASTER'S DEGREES AND A DOCTORAL DEGREE. THE ACADEMIC PROGRAM IS DESIGNED FOR TRADITIONAL-AGED STUDENTS, AS WELL AS A GROWING POPULATION OF ADULT LEARNERS. LYNN UNIVERSITY HAS MORE THAN 3,500 STUDENTS FROM APPROXIMATELY 100 COUNTRIES AND NEARLY ALL 50 STATES. THE UNIVERSITY OFFERS 50 UNDERGRADUATE MAJORS, 15 GRADUATE MAJORS AND 40 GRADUATE SPECIALIZATIONS. LYNN UNIVERSITY IS PROUD OF ITS TRADITION OF EDUCATING STUDENTS WHO ASSUME POSITIONS OF RESPONSIBILITY AND BECOME LEADERS IN THEIR CHOSEN PROFESSIONS. THE UNIVERSITY IS COMMITTED TO STUDENT-CENTERED LEARNING, WHERE FACULTY AND STAFF PROVIDE PERSONALIZED ATTENTION TO STUDENTS WHO HAVE VARYING LEVELS OF ACADEMIC PROFICIENCY AND ARE MOTIVATED TO EXCEL. (CONTINUED ON SCH O)A FULL RANGE OF ACADEMIC AND SUPPORT PROGRAMS ARE COORDINATED TO SERVE THE INCREASINGLY DIVERSE NEEDS OF UNDERGRADUATE AND GRADUATE STUDENTS. ADDITIONAL AND SPECIALIZED ACADEMIC SUPPORT SERVICES ARE OFFERED TO PROVIDE ACADEMIC ASSISTANCE TO HELP STUDENTS REMAIN IN COLLEGE AND GRADUATE. THESE SERVICES ARE OFFERED TO STUDENTS IN A VARIETY OF FORMS WITH A VARYING FEE SCHEDULE. AN ACADEMIC RESOURCE NAMED THE INSTITUTE FOR ACHIEVEMENT AND LEARNING IS AVAILABLE TO ALL STUDENTS, INCLUDING THOSE WITH DIAGNOSED LEARNING DIFFERENCES. MATH, COMPUTER AND OTHER SUBJECT-AREA TUTORS ASSIST STUDENTS. THE UNIVERSITY, SMALL BY DESIGN, PROVIDES AN ENVIRONMENT WITHIN AND OUTSIDE THE CLASSROOM IN WHICH A COMMUNITY OF LEARNERS CAN PURSUE ACADEMIC EXCELLENCE AND DEVELOP THEIR SKILLS AS RESPONSIBLE GLOBAL CITIZENS. FACULTY, STAFF AND STUDENTS CONTRIBUTE TO AN ATMOSPHERE THAT NURTURES CREATIVITY, FOSTERS ACHIEVEMENT, VALUES DIVERSITY AND ENCOURAGES VOLUNTEERISM. ALL FIRST-YEAR STUDENTS GIVE BACK TO THE LOCAL COMMUNITY EACH YEAR THROUGH THE CITIZENSHIP PROJECT, A FOUR-WEEK PROGRAM DURING WHICH STUDENTS PARTICIPATE IN HANDS-ON SERVICE ACTIVITIES WITH LOCAL COMMUNITY PARTNERS. LYNN'S ACADEMIC CURRICULA AND PROGRAMS ARE STRUCTURED TO PROVIDE A BALANCE BETWEEN THE THEORETICAL AND THE PRACTICAL, ALONG WITH OPPORTUNITIES TO BECOME INVOLVED IN COMMUNITY-BASED ORGANIZATIONS AND INDUSTRIES. EDUCATION AND SERVICE ARE FULLY INTEGRATED TO MEET THE CHANGING NEEDS OF THE LOCAL AND GLOBAL COMMUNITY. THIS INTEGRATIVE DESIGN PREPARES OUR GRADUATES TO MEET THE DYNAMIC NEEDS OF THE EMERGING GLOBAL SOCIETY. A RIGOROUS CORE CURRICULUM CALLED THE DIALOGUES IS REQUIRED THROUGH ALL FOUR YEARS IN THE BACHELOR'S DEGREE PROGRAM. IN EACH CORE CLASS, FACULTY MEMBERS MEASURE STUDENT OUTCOMES IN COMPETENCY AREAS INCLUDING WRITING, QUANTITATIVE REASONING, AND SCIENTIFIC AND TECHNOLOGICAL LITERACY. PRESENTED IN SEMINAR FORMAT, THE CORE COURSES ARE ORGANIZED AROUND LIFE'S BIG QUESTIONS: SELF AND SOCIETY, BELIEF AND REASON, JUSTICE AND CIVIC LIFE, AND QUANTITATIVE REASONING AND SCIENTIFIC LITERACY. EACH JANUARY, ALL STUDENTS ARE REQUIRED TO ATTEND COURSES THAT OFFER INTENSE FOUR-WEEK EXPERIENCES INCLUDING TRAVEL, CIVIC ENGAGEMENT, CAREER PREP, LANGUAGE AND CULTURE, AND OTHER CREATIVE APPROACHES TO LEARNING. LYNN UNIVERSITY LAUNCHED ITS IPAD-POWERED LEARNING PROGRAM IN 2013. FOLLOWING A SUCCESSFUL PILOT WITH UNDERGRADUATES, LYNN EXTENDED THE PROGRAM TO INCLUDE ALL FACULTY AND ON-CAMPUS UNDERGRADUATE STUDENTS. TODAY, FACULTY CREATE FREE, MULTI-TOUCH BOOKS THROUGH THE LYNN UNIVERSITY DIGITAL PRESS. STUDENTS ACCESS COURSE MATERIALS USING CANVAS AND TEXTBOOKS CREATED BY THE LYNN UNIVERSITY DIGITAL PRESS, AND THEY EXPERIENCE ENGAGING MOBILE CONTENT DELIVERED THROUGH LYNN'S DISCUSSION-DRIVEN DIALOGUES CORE CURRICULUM. APPLE HAS NAMED LYNN AN APPLE DISTINGUISHED SCHOOL SINCE 2014. MOREOVER, IT RECOGNIZED SEVERAL FACULTY MEMBERS AS APPLE DISTINGUISHED EDUCATORS AND CERTIFIED MANY OTHERS. INSIDE HIGHER ED AND THE CHRONICLE OF HIGHER EDUCATION HIGHLIGHTED LYNN'S PIONEERING WORK, AND U.S. NEWS & WORLD REPORT HAS LISTED LYNN AMONG AMERICA'S MOST INNOVATIVE AND INTERNATIONAL COLLEGES. 12818931 0 41007683 A PROGRAM OF ACTIVITIES COMPLEMENTS THE ACADEMIC CURRICULUM. STUDENTS CHOOSE THOSE ACTIVITIES THAT WILL CONTRIBUTE TO THEIR PERSONAL DEVELOPMENT AND ENJOYMENT - STUDENT GOVERNMENT, SERVICE CLUBS, SPORTS, AND NUMEROUS SPECIAL INTEREST ORGANIZATIONS. SOCIAL ACTIVITIES INCLUDE GAME SHOWS, DANCES, COMEDIANS, LIVE MUSIC, INTERNATIONAL FESTIVALS, FILMS, POOL PARTIES, SPORTS DAYS, INTRAMURAL SPORTS, AWARD DINNERS AND NOVELTY ENTERTAINMENT. INDIVIDUAL INTERESTS RANGING FROM THE FINE ARTS TO PROFESSIONAL FOOTBALL, BASEBALL, BASKETBALL AND HOCKEY TO GOURMET DINING CAN BE FOUND IN SOUTH FLORIDA. LYNN UNIVERSITY HOLDS MEMBERSHIP IN THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA), DIVISION II, AND THE SUNSHINE STATE ATHLETIC CONFERENCE. (CONTINUED ON SCH O)INTERCOLLEGIATE ATHLETIC PROGRAMS ARE OPEN TO ALL STUDENTS IN ACCORDANCE WITH NCAA AND INSTITUTIONAL ELIGIBILITY STANDARDS. INTERCOLLEGIATE TEAMS INCLUDE MEN'S AND WOMEN'S SOCCER, MEN'S AND WOMEN'S BASKETBALL, MEN'S AND WOMEN'S GOLF, MEN'S AND WOMEN'S TENNIS, BASEBALL, SOFTBALL, MEN'S AND WOMEN'S CROSS COUNTRY, MEN'S AND WOMEN'S TRACK, MEN'S AND WOMEN'S LACROSSE, MEN AND WOMEN'S SWIMMING AND WOMEN'S VOLLEYBALL. ALL STUDENT-ATHLETES ARE REQUIRED TO ATTEND SEMINARS ON SUBSTANCE ABUSE AND NCAA STANDARDS THROUGHOUT THE SCHOOL YEAR. IN ADDITION TO INTERCOLLEGIATE SPORTS, STUDENTS ARE ENCOURAGED TO PARTICIPATE IN A WIDE RANGE OF INTRAMURAL PROGRAMS, INCLUDING FLAG FOOTBALL, SOFTBALL, SOCCER AND VOLLEYBALL. AT LEAST ONE REGISTERED NURSE OR PHYSICIAN'S ASSISTANT IS ON DUTY DURING DAYTIME HOURS IN THE HEALTH CENTER, AND WORKS IN CONJUNCTION WITH COMMUNITY MEDICAL SERVICES TO PROVIDE AMPLE HEALTH CARE. THE HEALTH CENTER PROVIDES TREATMENT FOR MINOR AILMENTS. WHEN FURTHER CARE IS NEEDED, REFERRALS ARE MADE TO LOCAL PHYSICIANS AND HEALTH CARE AGENCIES. A STAFF MEMBER ORGANIZES WELLNESS ACTIVITIES INCLUDING YOGA AND EXERCISE CLASSES AS WELL AS STUDENT STRENGTH TRAINING IN LYNN'S FITNESS CENTER. COUNSELING IS PROVIDED ON A PRIVATE OR GROUP BASIS, AND RECORDS ARE MAINTAINED IN STRICT CONFIDENCE BY THE DIRECTOR OF COUNSELING. STUDENTS ALSO ARE URGED TO CONSULT THEIR INDIVIDUAL INSTRUCTORS, RESIDENT ASSISTANTS, AND APPROPRIATE MEMBERS OF THE UNIVERSITY COMMUNITY, ALL OF WHOM ARE PROFESSIONALLY FOCUSED ON ASSISTING STUDENTS. IN ADDITION, ALCOHOL AND SUBSTANCE ABUSE LITERATURE AND REFERRAL SERVICES ARE CONTINUALLY AVAILABLE THROUGH THE COUNSELING CENTER. THE CAREER AND ALUMNI CONNECTIONS OFFICE PROVIDES A VARIETY OF SERVICES TO ASSIST STUDENTS IN EVALUATING, CHOOSING AND PLANNING A CAREER. PROFESSIONAL STAFF AND CAREER COUNSELORS ARE AVAILABLE TO HELP STUDENTS SET THEIR CAREER GOALS, INVESTIGATE EMPLOYMENT OPPORTUNITIES AND INTERVIEW WITH COMPANIES FOR WHICH THEY WOULD LIKE TO WORK OR INTERN. THE SNYDER SANCTUARY PROVIDES THE LYNN COMMUNITY WITH A MULTI-FAITH SPACE FOR CONTEMPLATIVE THOUGHT AND SPIRITUAL EXPLORATION. 27422187 0 41599730 THE UNIVERSITY OFFERS EIGHT RESIDENCE HALLS THAT PROVIDE LIVING ACCOMMODATIONS FOR THE UNDERGRADUATE AND GRADUATE STUDENT POPULATION. MOST STUDENTS LIVING ON CAMPUS USE THE UNIVERSITY MEAL PLAN PROVIDED AND THE ON-CAMPUS DINING EXPERIENCE INCLUDES BREAKFAST, LUNCH AND DINNER SERVED DAILY WITH UNLIMITED DINING AT EACH MEAL. COMMUTER STUDENTS, FACULTY, STAFF AND VISITORS CAN PURCHASE BLOCK MEAL PLANS. THE LYNN UNIVERSITY CAMPUS STORE OFFERS SCHOOL-BRANDED CLOTHING, ACCESSORIES, AND VARIOUS OTHER SUPPLIES. 21924023 2333519 20680866 CLASSICAL MUSIC IS PROVIDED TO THE UNIVERSITY COMMUNITY AS WELL AS THE GENERAL PUBLIC BY STUDENTS AND FACULTY BY THE LYNN UNIVERSITY CONSERVATORY OF MUSIC. ADDITIONALLY, STUDENTS IN THE DRAMA B.F.A. PROGRAM AND PROFESSIONAL ACTORS AND MUSICIANS PERFORM ON CAMPUS IN THE PERFORMING ARTS CENTER. MANY OPPORTUNITIES TO SHARE CULTURE AND IDEAS ARE OFFERED THROUGH LECTURE SERIES AND COMMUNITY DISCOURSE. DURING THE SUMMER MONTHS, A PORTION OF THE UNIVERSITY'S EDUCATIONAL FACILITIES ARE USED TO PROVIDE INSTRUCTION TO CHILDREN AGED 5-14 WHO ATTEND PINE TREE CAMPS SUMMER SESSIONS. 21924023 2333519 20680866 135133217 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 4324 0 1 1526 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X ANDRIA GRANDISON-ICON 5612377946 3601 NORTH MILITARY TRAIL BOCA RATON FL 33431 CHRISTINE E LYNN CHAIRPERSON 2.00 0.00 X X 0 0 0 JAMES MILBY TRUSTEE 2.00 0.00 X 0 0 0 JAN CARLSSON TRUSTEE 2.00 0.00 X 0 0 0 JEFF PERLMAN TRUSTEE 2.00 0.00 X 0 0 0 JOHN LANGAN TRUSTEE 2.00 0.00 X 0 0 0 KEVIN M ROSS PRESIDENT 40.00 0.00 X X 882446 0 295626 PAUL A ROBINO TRUSTEE 2.00 0.00 X 0 0 0 STEPHEN SNYDER VICE CHAIR 2.00 0.00 X X 0 0 0 VICTORIA RIXON TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM J REHRIG TRUSTEE 2.00 0.00 X 0 0 0 R BRAD OSBORNE JR TRUSTEE 2.00 0.00 X 0 0 0 PETER SMITH TRUSTEE 2.00 0.00 X 0 0 0 CHRISTIAN G BONIFORTI CHIEF STRATEGY & TECH OFFICER 40.00 0.00 X 533291 0 61330 DAVID DUDGEON GENERAL COUNSEL 40.00 0.00 X 227340 0 29562 GARETH P FOWLES VP FOR ENROLLMENT MANAGEMENT 40.00 0.00 X 470529 0 27428 KATRINA MARIE CARTER-TELLISON VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 317364 0 53900 KRISTELL LOWE THRU 724 VP OF CAMPUS OPERATIONS 40.00 0.00 X 205768 0 31391 AARON GREENBERG SVP FOR DEVELOPMENT & ADMINISTRATION 40.00 0.00 X 202204 0 48704 ANTHONY R ALTIERI VP FOR STUDENT LIFE 40.00 0.00 X 236734 0 18554 MICHAEL P PETROSKI ACADEMIC DEAN 40.00 0.00 X 237076 0 28769 RALPH T GOOD DEAN COLLEGE OF BUSINESS 40.00 0.00 X 216742 0 33157 SHERRIE WELDON CHIEF MARKETING OFFICER 40.00 0.00 X 264649 0 43691 3794143 0 672112 83 0 1 0 SODEXO INC 3601 N MILITARY TRAIL BOCA RATON FL 33431 FOOD SERVICES 6298063 KAPLAN INC 900 NORTH POINT PKWY 250 ALPHARETTA GA 30005 STUDENT RECRUITMENT 2856334 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 IT MARKETING SERVICES 2552725 UNITEDHEALTHCARE STUDENT RESOURCE PO BOX 809025 DALLAS TX 753809025 STUDENT INSURANCE 2085921 TRANE US INC PO BOX 406469 ATLANTA GA 303846469 CHILLER/HVAC MAINTENANCE 2062609 58 130315 720000 9703275 19000 10553590 TUITION & RELATED FEES 611710 124265707 124265707 ROOM & BOARD 611710 16015534 16015534 CAMP FEES 900099 2891700 2891700 STUDENT ACTIVITY INC. 611710 282047 282047 CONFERENCE INCOME 900099 145563 145563 143600551 1063849 46116 1017733 663127 0 663127 663127 663127 48419146 46717571 1701575 1701575 1701575 7793 130315 28743 -20950 -20950 308726 82398 226328 226328 CONTRACT REVENUE 900099 310000 310000 COMM. CULTURAL AFFAIRS 900099 261488 261488 COMMISSION REBATE 900099 237530 237530 1129050 1129050 1938068 159726138 145538619 46116 3587813 50365230 50365230 1363282 1097642 200738 64902 1772692 1423044 266263 83385 45104376 36487013 6422428 2194935 1880709 1499904 291334 89471 7271888 5426465 1634309 211114 3311977 2731056 422390 158531 72323 72323 170104 170104 855554 855554 1655534 512101 816323 327110 1543200 478392 15432 1049376 3632514 2688060 762828 181626 3719570 342490 3354144 22936 8645710 7532496 1016979 96235 2051319 1946263 86450 18606 375057 265968 102927 6162 1669421 1513229 156192 7204740 4875136 2298350 31254 3858996 3789561 62949 6486 FOOD EXPENSE 4929428 4929428 COMMISSIONS 2937475 2937475 RECRUITMENT EXPENSES 1991712 1959482 31725 505 SUBSCRIPTION & DUES 760654 421689 192847 146118 2613376 1911093 685139 17144 159756841 135133217 19917728 4705896 62459 170406 31991716 21358536 1337582 5245696 2595787 3319681 2484781 2524156 105706 78514 5431804 5791064 280858595 154876692 129074823 125981903 5578642 7330145 42918486 45655964 426097 340877 1843622 0 223851505 217796942 11346122 14474677 28304417 23273109 47347000 39133500 3120050 3266029 90117589 80147315 X 94899121 95403574 38834795 42246053 133733916 137649627 223851505 217796942 -30703 3946414 0 X 0 1 X 1 1 1 X 5886420 8215410 3634883 4995112 10553590 33285415 5886420 8215410 3634883 4995112 10553590 33285415 10804369 22481046 37151 32010 2490885 1460488 1680860 5701394 61440 111012 70708 39331 46116 328607 367734 331721 352168 316519 1368142 40683558 673015305 0.55260 0.56440 X TO QUALIFY FOR LIMITED DONOR DISCLOSURE UNDER THE SPECIAL RULE ON SCHEDULE B, THE PUBLIC SUPPORT TEST HAS BEEN COMPLETED TO DEMONSTRATE THE UNIVERSITY MEETS THE QUANTITATIVE SUPPORT TEST UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE, WHICH REQUIRES AN ORGANIZATION TO RECEIVE A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT OR FROM THE GENERAL PUBLIC. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2021 AMOUNT: $ 6,650. 2022 AMOUNT: $ 10,360. 2023 AMOUNT: $ 10,570. 2024 AMOUNT: $ 7,793. INVENTORY - 2021 AMOUNT: $ 361,084. 2022 AMOUNT: $ 321,361. 2023 AMOUNT: $ 341,598. 2024 AMOUNT: $ 308,726. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 825 825 0 PART II-B, LINE 1: LYNN UNIVERSITY IS A MEMBER OF NAICU AND NACUBO, BOTH ORGANIZATIONS USED A SMALL PERCENTAGE OF MEMBER DUES FOR LOBBYING. OF THE $16,831 PAID IN MEMBER DUES, $825 WAS RELATED TO LOBBYING. 518884 X X X 0 42918486 1498287 4237477 2998287 45665963 37840050 1346456 6393627 1483205 1178442 42918486 35987284 403906 4005266 1410779 1145627 37840050 38790567 542079 -934061 1312689 1098612 35987284 30904708 599554 9469243 1178392 1004546 38790567 0.24660 0.65790 0.09550 0 0 110000 1145045 1255045 200126649 88677896 111448753 64496136 54942305 9553831 14980765 11256491 3724274 125981903 ALTERNATIVE INVESTMENTS 45655964 F 45655964 CAPITAL LEASES 3266029 3266029 X 112562909 3946414 -50365230 -46418816 158981725 855554 -111141 744413 159726138 108647198 111141 111141 108536057 855554 50365230 51220784 159756841 PART III, LINE 1A: COLLECTIONS OF ART DESCRIPTION OF COLLECTIONS: THE UNIVERSITY HAS A COLLECTION OF NFT ART ON DISPLAY IN THE EUGENE M. AND CHRISTINE E. LYNN COLLEGE OF COMMUNICATION AND DESIGN. NFTS, OR NON-FUNGIBLE TOKENS, REFER TO TOKENIZING DIGITAL ART THROUGH CRYPTO PLATFORMS, WHICH IS A PROCESS THAT ALLOWS ARTISTS TO AUTHENTICATE THEIR ORIGINAL DIGITAL WORKS. LYNN'S COLLECTION SHOWCASES CREATIVE DIGITAL ARTWORK FROM STUDENTS, FACULTY, STAFF AND GUEST ARTISTS. PART V, LINE 4: INTENDED USES OF ENDOWMENT: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 92 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS CLASSIFIED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXATION AS DEFINED BY SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM STATE INCOME TAXES UNDER THE PROVISIONS OF THE FLORIDA NONPROFIT CORPORATION ACT. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE UNIVERSITY'S TAX POSITIONS AND CONCLUDED THAT THE UNIVERSITY HAD TAKEN NO UNCERTAIN TAX POSITIONS AND IN ADDITION, UNRELATED BUSINESS INCOME TAX FOR THE UNIVERSITY, IF ANY, IS IMMATERIAL AND WILL NOT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FASB ASC 470, INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID EXPENSE -50,365,230. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES -28,743. COST OF GOODS SOLD -82,398. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 82,398. FUNDRAISING DIRECT EXPENSES 28,743. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID EXPENSE 50,365,230. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LYNN UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, GENDER, RELIGION, SEXUAL ORIENTATION, NATIONAL ORIGIN, DISABILITY, GENETIC INFORMATION, AGE, PREGNANCY OR PARENTING STATUS, VETERAN STATUS OR RETIREMENT STATUS IN ITS ACTIVITIES AND PROGRAMS. IN ACCORDANCE WITH TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, LYNN UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF SEX. THE UNIVERSITY'S NON-DISCRIMINATION AND ANTI-HARASSMENT POLICY CAN BE FOUND ON THE UNIVERSITY'S WEBSITE AT: HTTPS://WWW.LYNN.EDU/UNIVERSITY-POLICIES/VOLUME-I-GOVERNANCE-AND-ADMINISTRA TION/NON-DISCRIMINATION-AND-ANTI-HARASSMENT-POLICY. SCHEDULE E, PART I, LINE 6 DEPARTMENT OF EDUCATION: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK STUDY, FEDERAL PELL GRANT, FEDERAL DIRECT STUDENT LOANS, AND ACADEMIC COMPETITIVENESS GRANT. FLORIDA DEPARTMENT OF EDUCATION: FLORIDA MINORITY TEACHER'S FUND, FLORIDA RESIDENT ACCESS GRANT, FLORIDA WORK EXPERIENCE PROGRAM, FLORIDA PRIVATE STUDENT ASSISTANCE GRANT AND FLORIDA BRIGHT FUTURES SCHOLARSHIP PROJECT. GINGERBREAD CONCERT 88850 88850 2278 4380 4905 COUNTRY CLUB OF FLORIDA OUTREACH 20150 20150 879 575 1046 3 29108 21315 7793 2735 7720 1400 2825 138108 130315 7793 5013 12979 1975 8776 28743 -20950 1 ATHLETIC SCHOLARSHIP AWARDS 170 5500377 ACADEMIC SCHOLARSHIP AWARDS 2963 43163543 NEED BASED SCHOLARSHIP AWARDS 756 1701310 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS: THE UNIVERSITY AWARDS GRANTS AND LOANS BASED ON A SCHOLARSHIP PROGRAM AND THE FEDERAL GOVERNMENT REQUIREMENTS FOR ALL PROGRAMS. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) MUST BE FILLED OUT AND ELIGIBILITY IS DETERMINED BASED ON THE INFORMATION PROVIDED. THE GRANT AWARDED IS CREDITED TO THEIR TUITION ACCOUNT AT LYNN UNIVERSITY. X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 KEVIN M ROSS PRESIDENT 684300 0 135136 0 63010 0 199150 0 96476 0 1178072 0 0 0 CHRISTIAN G BONIFORTI CHIEF STRATEGY & TECH OFFICER 389201 0 0 0 144090 0 23475 0 37855 0 594621 0 36023 0 GARETH P FOWLES VP FOR ENROLLMENT MANAGEMENT 329454 0 0 0 141075 0 23056 0 4372 0 497957 0 35269 0 KATRINA MARIE CARTER-TELLISON VP FOR ACADEMIC AFFAIRS 317364 0 0 0 0 0 22773 0 31127 0 371264 0 0 0 SHERRIE WELDON CHIEF MARKETING OFFICER 264649 0 0 0 0 0 19132 0 24559 0 308340 0 0 0 MICHAEL P PETROSKI ACADEMIC DEAN 237000 0 0 0 76 0 16779 0 11990 0 265845 0 0 0 DAVID DUDGEON GENERAL COUNSEL 227340 0 0 0 0 0 16065 0 13497 0 256902 0 0 0 ANTHONY R ALTIERI VP FOR STUDENT LIFE 236734 0 0 0 0 0 15565 0 2989 0 255288 0 0 0 AARON GREENBERG SVP FOR DEVELOPMENT & ADMINISTRATION 202137 0 0 0 67 0 14280 0 34424 0 250908 0 0 0 RALPH T GOOD DEAN COLLEGE OF BUSINESS 216676 0 0 0 66 0 15398 0 17759 0 249899 0 0 0 KRISTELL LOWE THRU 724 VP OF CAMPUS OPERATIONS 155393 0 38625 0 11750 0 11102 0 20289 0 237159 0 0 0 PART I, LINE 1A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS CERTAIN INDIVIDUALS ARE REIMBURSED FOR TRAVEL EXPENSES AS PART OF THEIR EMPLOYMENT CONTRACT. THE AMOUNTS ARE GROSSED UP FOR TAX PAYMENT AND REPORTING PURPOSES. GROSS UPS ARE APPROVED BY THE BOARD OF TRUSTEES OR HUMAN RESOURCES. DISCRETIONARY SPENDING ACCOUNT THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT WHICH IS PART OF HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN HIS TAXABLE COMPENSATION. HOUSING ALLOWANCE: THE PRESIDENT OF LYNN UNIVERSITY IS REQUIRED TO OCCUPY UNIVERSITY OWNED HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE BENEFIT IS EXCLUDED FROM TAXABLE COMPENSATION PURSUANT TO IRC SECTION 119 BUT IS INCLUDED AS NONTAXABLE COMPENSATION. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING THE CALENDAR YEAR, CERTAIN OFFICERS AND KEY EMPLOYEES PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CERTAIN LISTED INDIVIDUALS HAD CONTRIBUTIONS VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTIONS ARE REPORTED AS TAXABLE COMPENSATION AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). IN 2022, THE PRESIDENT AND THE UNIVERSITY ENTERED INTO A NEW DEFERRED COMPENSATION ARRANGEMENT. NO AMOUNTS WERE PAID UNDER THE ARRANGEMENT IN 2023 AND AMOUNTS CONTRIBUTED UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). PART I, LINE 7 MOST BONUSES ARE FIXED PAYMENTS BASED ON CONTRACTS ESTABLISHED BETWEEN THE BOARD OF TRUSTEES AND THE EMPLOYEE. HOWEVER, THERE ARE SOME DISCRETIONARY BONUS PAYMENTS AWARDED FOR EXTRAORDINARY ACHIEVEMENTS. DISCRETIONARY PAYMENTS ARE APPROVED AT A CABINET LEVEL. A PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY 521562288 2023-02-28 48095000 REFINANCE 2013, 2016, 2017 BOND ISSUES AND TAX-FREE LOAN 0 0 0 A 8000000 48095000 425049 47669951 2018 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, A(F) REFINANCE 2013, 2016, 2017 BOND ISSUES AND TAX-FREE LOAN RESTRICTED RESTRICTED 4500 GRANT SCHOLARSHIP DONALD ROSS SEE PART V 198139 EMPLOYMENT 0 STEPHANIE JACKSON SEE PART V 78681 EMPLOYMENT 0 GISELLE GERBER SEE PART V 48300 EMPLOYMENT 0 SCHEDULE L, PART IV: RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DONALD ROSS - FATHER OF KEVIN ROSS, PRESIDENTSTEPHANIE JACKSON - WIFE OF ANTHONY ALTIERI, VP FOR STUDENT AFFAIRSGISELLE GERBER - SIBLING OF CHRISTIAN BONIFORTI, CHIEF STRATEGY & TECH OFFICER FORM 990, PART I, LINE 1 THE MISSION OF LYNN UNIVERSITY IS TO PROVIDE AN INNOVATIVE, GLOBAL AND PERSONALIZED EDUCATION THAT ENABLES STUDENTS TO REALIZE THEIR POTENTIAL. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE A MINIMUM OF THREE MEMBERS, ALL OF WHOM SHALL BE MEMBERS OF THE BOARD. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE CORPORATION EXCEPT THAT, UNLESS SPECIFICALLY EMPOWERED BY THE BOARD TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, AWARD DEGREES, ALTER THESE BY-LAWS, LOCATE PERMANENT BUILDINGS ON TAX-EXEMPT PROPERTY HELD FOR THE CORPORATION'S PURPOSES, REMOVE OR APPOINT THE PRESIDENT OF THE CORPORATION, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS CHRISTINE LYNN AND JAN CARLSSON - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: A DRAFT OF FORM 990 IS REVIEWED BY AN INDEPENDENT TAX ADVISOR USING AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION PROVIDED BY UNIVERSITY MANAGEMENT. THE DRAFT IS THEN REVIEWED BY THE CSTO AND FINANCE PROFESSIONAL STAFF WITH REVISIONS INCORPORATED INTO A REVISED DRAFT. THE UPDATED DRAFT IS PRESENTED TO THE AUDIT COMMITTEE FOR THEIR VOTE AND APPROVAL, THEN POSTED TO THE BOARD PORTAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A DISCLOSURE LETTER DETAILING ANY RELATIONSHIPS OR BUSINESS TRANSACTIONS WHERE A POTENTIAL CONFLICT MIGHT EXIST. THESE DISCLOSURES ARE REVIEWED BY THE CSTO. IN THE EVENT OF A CONFLICT OF INTEREST, OR THE APPEARANCE OF ANY SUCH CONFLICT, IT IS INCUMBENT UPON THE RELEVANT BOARD MEMBER(S) OR DIRECTOR(S) TO NOTIFY THE BOARD OF THE CONFLICT AND RECUSE THEMSELVES FROM PARTICIPATION IN THE DISCUSSION AND VOTE REGARDING ANY RELATED ISSUES OR TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW PROCESS: THE LYNN UNIVERSITY BOARD OF TRUSTEES ENGAGED COMPENSATION AND BENEFITS EXPERTS TO DEVELOP A REASONABLE EXECUTIVE COMPENSATION STRATEGY TO ENCOURAGE RETENTION AND INCENTIVIZE THE ACHIEVEMENT OF KEY MILESTONES IN THE UNIVERSITY'S STRATEGIC PLAN. THE EXECUTIVE COMPENSATION STRATEGY INCLUDES A COMPREHENSIVE REVIEW OF THE ENTIRE COMPENSATION PACKAGE, WHICH INCLUDES BASE SALARY, INCENTIVE AND DEFERRED COMPENSATION, RETIREMENT PLANS, AND OTHER BENEFITS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS GOALS AND DETERMINES THE PRESIDENT'S COMPENSATION. PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES: THE PRESIDENT CONDUCTS ANNUAL PERFORMANCE REVIEWS OF ALL OFFICERS AND CABINET MEMBERS, BASED ON PREDETERMINED GOALS. HE THEN MAKES RECOMMENDATIONS REGARDING COMPENSATION TO THE CHAIR OF THE BOARD FOR APPROVAL. THE UNIVERSITY RECEIVES ONGOING GUIDANCE REGARDING ANNUAL INCREASES TO ENSURE THAT THESE ANNUAL INCREASES ARE COMPARABLE AND REASONABLE BASED ON MARKET CONDITIONS, THROUGH THE USE OF CUPA-HR DATA, AS NEW POSITIONS ARE CREATED, OR AS MARKET CONDITIONS WARRANT. THE UNIVERSITY PROVIDES BENEFITS ACCORDING TO WRITTEN STANDARD POLICIES. IF ANY BENEFIT IS PROVIDED OUTSIDE OF THESE POLICIES, BOARD APPROVAL IS REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THEREFORE, THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. THE CONFLICT OF INTEREST POLICY IS PROVIDED UPON REQUEST.