LYNN UNIVERSITY INC Charity Report

Public IRS 990 nonprofit record

LYNN UNIVERSITY INC

EIN 59-1023117 · Education (B430)

What they do

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 UNIVERSITYS MISSION is to PROVIDE AN INNOVATIVE, GLOBAL and PERSONALIZED EDUCATION THAT ENABLES STUDENTS to REALIZE THEIR POTENTIAL. THE UNIVERSITYS 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

84.60%of revenue went to mission work84.6% of expenses · Program services

2.95%of revenue went to fundraising2.9% of expenses

$100.02spent for every $100 of revenueSpending was higher than revenue this year.

12.47%of revenue went to management and office costs12.5% of expenses

$1.36in assets for every $1 spent this yearSome assets cannot be spent right away.

6.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $30,703 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $1,178,072 for KEVIN M ROSS (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$159,726,138

Mission workProgram services$135,133,21784.60% of revenue84.6% of expenses

ManagementOffice and general costs$19,917,72812.47% of revenue12.5% of expenses

FundraisingAsking for donations$4,705,8962.95% of revenue2.9% of expenses

Total expenses$159,756,841100.02% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.6% mission · 12.5% management · 2.9% fundraisingTotal expenses: 100.02% of revenue

2023Expense mix: 84.5% mission · 12.2% management · 3.3% fundraisingTotal expenses: 100.71% of revenue

2022Expense mix: 81.3% mission · 15.1% management · 3.5% fundraisingTotal expenses: 100.89% of revenue

2021Expense mix: 82.9% mission · 13.9% management · 3.2% fundraisingTotal expenses: 96.56% of revenue

2020Expense mix: 82.2% mission · 14.4% management · 3.3% fundraisingTotal expenses: 99.74% of revenue

2019Expense mix: 86.6% mission · 8.5% management · 4.9% fundraisingTotal expenses: 94.15% of revenue

2018Expense mix: 84.7% mission · 10.0% management · 5.3% fundraisingTotal expenses: 102.07% of revenue

2017Expense mix: 84.7% mission · 9.6% management · 5.7% fundraisingTotal expenses: 103.66% of revenue

Money in and money out

Revenue$159,726,138

Expenses$159,756,841

Annual shortfall $30,703 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$135,133,217 · 84.6% of expenses

Management and office costs$19,917,728 · 12.5% of expenses

Fundraising$4,705,896 · 2.9% of expenses

See all reported dollar amounts

Revenue$159,726,138

Expenses$159,756,841

Assets$217,796,942

Income$206,554,850

Contributions$10,553,590

Mission work (program services)$135,133,217

Fundraising$4,705,896

Management and general$19,917,728

Executive compensation (total)$3,717,033

Stocks and bonds$7,330,145

Accounting fees$170,104

Investing fees$855,554

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEVIN M ROSSPRESIDENT · 40 hrs/week $1,178,072Base $882,446 · Other $295,626

CHRISTIAN G BONIFORTICHIEF STRATEGY & TECH OFFICER · 40 hrs/week $594,621Base $533,291 · Other $61,330

GARETH P FOWLESVP FOR ENROLLMENT MANAGEMENT · 40 hrs/week $497,957Base $470,529 · Other $27,428

KATRINA MARIE CARTER-TELLISONVP FOR ACADEMIC AFFAIRS · 40 hrs/week $371,264Base $317,364 · Other $53,900

SHERRIE WELDONCHIEF MARKETING OFFICER · 40 hrs/week $308,340Base $264,649 · Other $43,691

MICHAEL P PETROSKIACADEMIC DEAN · 40 hrs/week $265,845Base $237,076 · Other $28,769

DAVID DUDGEONGENERAL COUNSEL · 40 hrs/week $256,902Base $227,340 · Other $29,562

ANTHONY R ALTIERIVP FOR STUDENT LIFE · 40 hrs/week $255,288Base $236,734 · Other $18,554

AARON GREENBERGSVP FOR DEVELOPMENT & ADMINISTRATION · 40 hrs/week $250,908Base $202,204 · Other $48,704

RALPH T GOODDEAN COLLEGE OF BUSINESS · 40 hrs/week $249,899Base $216,742 · Other $33,157

KRISTELL LOWE THRU 724VP OF CAMPUS OPERATIONS · 40 hrs/week $237,159Base $205,768 · Other $31,391

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

KEVIN M ROSSPRESIDENT

CHRISTIAN G BONIFORTICHIEF STRATEGY & TECH OFFICER

GARETH P FOWLESVP FOR ENROLLMENT MANAGEMENT

KATRINA MARIE CARTER-TELLISONVP FOR ACADEMIC AFFAIRS

SHERRIE WELDONCHIEF MARKETING OFFICER

MICHAEL P PETROSKIACADEMIC DEAN

DAVID DUDGEONGENERAL COUNSEL

ANTHONY R ALTIERIVP FOR STUDENT LIFE

AARON GREENBERGSVP FOR DEVELOPMENT & ADMINISTRATION

RALPH T GOODDEAN COLLEGE OF BUSINESS

KRISTELL LOWE THRU 724VP OF CAMPUS OPERATIONS

JEFF PERLMANTRUSTEE

JOHN LANGANTRUSTEE

JAN CARLSSONTRUSTEE

JAMES MILBYTRUSTEE

CHRISTINE E LYNNCHAIRPERSON

PAUL A ROBINOTRUSTEE

PETER SMITHTRUSTEE

R BRAD OSBORNE JRTRUSTEE

STEPHEN SNYDERVICE CHAIR

VICTORIA RIXONTRUSTEE

WILLIAM J REHRIGTRUSTEE

About this charity

Recognized since: January 1972
Location: 3601 NORTH MILITARY TRAIL, BOCA RATON, FL 33431
County: Palm Beach
In care of: KEVIN ROSS
Primary officer: KEVIN ROSS, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailjsabeeneypsw@lynn.edu Phone(561) 237-7946 Officer phone(561) 237-7163

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: GRANT THORNTON ADVISORS LLC
NTEE classification: Education (B430)
IRS tax category: Colleges, Universities, and Professional Schools