2024-05-15T14:16:50-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 860186050 ARIZONA CHRISTIAN UNIVERSITY ARIZ 6024895300 1 WEST FIRESTORM WAY GLENDALE AZ 85306 LEN MUNSIL CHIEF EXECUTIVE OFFICER 6024895300 2024-05-15 1 LEN MUNSIL XXX-XX-XXXX 1 SARAH HINTZ P00492291 3037795710 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LEN MUNSIL 1 WEST FIRESTORM WAY GLENDALE AZ 85306 39529651 0 X WWW.ARIZONACHRISTIAN.EDU X 1960 AZ ARIZONA CHRISTIAN UNIVERSITY PROVIDES A BIBLICALLY-INTEGRATED, LIBERAL ARTS EDUCATION EQUIPPING GRADUATES TO SERVE THE LORD JESUS CHRIST IN ALL ASPECTS OF LIFE, AS LEADERS OF INFLUENCE AND EXCELLENCE. ARIZONA CHRISTIAN UNIVERSITY EXISTS TO EDUCATE AND EQUIP FOLLOWERS OF CHRIST TO TRANSFORM CULTURE WITH THE TRUTH. 15 15 435 70 0 0 6082871 3676978 32010297 35442690 -80903 120097 237695 269943 38249960 39509708 14035034 15225721 0 0 11706009 12456694 0 39621 2109210 13604657 16828766 39345700 44550802 -1095740 -5041094 63919404 59972131 38151768 40038446 25767636 19933685 ARIZONA CHRISTIAN UNIVERSITY PROVIDES A BIBLICALLY-INTEGRATED, LIBERAL ARTS EDUCATION EQUIPPING GRADUATES TO SERVE THE LORD JESUS CHRIST IN ALL ASPECTS OF LIFE, AS LEADERS OF INFLUENCE AND EXCELLENCE. 0 0 35257694 15225721 29167959 EDUCATIONAL ACTIVITIES:ARIZONA CHRISTIAN UNIVERSITY IS A PRIVATE, NON-PROFIT, CHRISTIAN UNIVERSITY IN GLENDALE, ARIZONA, A PHOENIX SUBURB, OFFERING A VARIETY OF DEGREE PROGRAMS, HONORS COURSES, INTERNSHIP OPPORTUNITIES, AND MULTIPLE PRE-PROFESSIONAL TRACKS. ACU'S DISTINGUISHED PROFESSORS ARE COMMITTED TO DEVELOPING THE COMPLETE PERSON THROUGH THE INTEGRATION OF FAITH, LEARNING, AND CHRISTIAN LEADERSHIP FOR OUR MORE THAN 1,200 STUDENTS. 4835510 0 6311071 AUXILIARY SERVICES & OUTREACH MINISTRIES:ARIZONA CHRISTIAN UNIVERSITY PROVIDES STUDENT LIFE PROGRAMS, UPDATED FACILITIES FOR STUDENTS, AND EXTRA-CURRICULAR ACTIVITIES TO FURTHER ENHANCE THE EDUCATIONAL EXPERIENCE FOR EACH STUDENT. ACU PROVIDES OPPORTUNITIES FOR STUDENTS TO FULFILL THE UNIVERSITY'S MISSION TO ENGAGE THE WORLD FOR JESUS CHRIST AND TRANSFORM CULTURE WITH TRUTH. THE UNIVERSITY HELPS CONNECT STUDENTS WITH MINISTRIES AND SERVICE OPPORTUNITIES IN THE SURROUNDING COMMUNITY AS WELL AS PROVIDES THE OPPORTUNITY FOR STUDENTS, FACULTY, AND STAFF TO PARTICIPATE IN INTERNATIONAL MISSION TRIPS. 40093204 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 56 0 1 435 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL WERNER 6024895300 1 WEST FIRESTORM WAY GLENDALE AZ 85306 X CATHERINE ELLINGSEN CHAIR 5.00 X X 0 0 0 THOMAS OKARMA VICE CHAIR 1.00 X X 0 0 0 DON KING SECRETARY 1.00 X X 0 0 0 LARRY ANDERSON TRUSTEE 1.00 X 0 0 0 MIKE BAILEY TRUSTEE 1.00 X 0 0 0 DR JIM BAUGH TRUSTEE 1.00 X 0 0 0 RICK BLANKENSHIP TRUSTEE 1.00 X 0 0 0 FLOYD BROWN TRUSTEE 1.00 X 0 0 0 DR MARK FULLER TRUSTEE 1.00 X 0 0 0 GLENN DOBBS TRUSTEE (THRU 10/22) 1.00 X 0 0 0 DR JEFF GUNN TRUSTEE 1.00 X 0 0 0 WAYNE MIHAILOV TRUSTEE 1.00 X 0 0 0 MIKE MORRELL TRUSTEE 1.00 X 0 0 0 DAVID PRUITT TRUSTEE 1.00 X 0 0 0 DR SHELLY RODEN TRUSTEE 1.00 X 0 0 0 ANDREW UNKEFER TRUSTEE 1.00 X 0 0 0 LEN MUNSIL PRESIDENT 60.00 X 465994 0 27739 JAMES TITO CHIEF OPERATING OFFICER 50.00 X 246169 0 1968 JEFF RUTTER VP OF ENROLLMENT 50.00 X 155753 0 18558 JAMES GRIFFITHS VP OF UNIVERSITY ENGAGEMEN 50.00 X 143274 0 14457 KELLY BULLOCK CONTROLLER 50.00 X 116573 0 22902 JON CLINE VP OF CAMPUS OPERATIONS 50.00 X 108531 0 17322 PETER DRYER ATHLETIC DIRECTOR 50.00 X 113072 0 7558 1349366 0 110504 11 0 1 0 SODEXO INC AND ASSOCIATES DEPT 880328 LOS ANGELES CA 90088 FOOD SERVICE AND CAMPUS MAINTENANCE 4467307 SCHIFFERER BUILT 12345 E CLOUD RD CHANDLER AZ 85249 CONTRUCTION 359694 CLIFTON LARSON ALLEN LLP PO BOX 31001-2433 PASADENA CA 91110 AUDIT AND ACCOUNTING SERVICES 344795 QCM TECHNOLOGIES 4388 BROADWAT DEPEW NY 14043 IT SERVICES 111213 4 190384 3486594 56501 3676978 STUDENT TUITION & FEES 611310 29131619 29131619 AUXILIARY SERVICES 611710 6311071 6311071 35442690 104651 104651 233603 0 233603 233603 233603 35389 19943 15446 15446 15446 OTHER REVENUE 900099 36340 36340 36340 39509708 35479030 0 353700 X 15225721 15225721 752123 317928 136466 297729 9711790 8517008 454324 740458 1259657 1063037 153313 43307 733124 635121 38310 59693 42000 42000 264120 264120 39621 39621 10098 10098 6003329 5080484 575486 347359 145646 18760 126886 974059 703105 108198 162756 1219895 1137431 53870 28594 1128480 1090940 6017 31523 216688 202135 5631 8922 2356887 2206275 96404 54208 2382084 2178199 150859 53026 457809 327498 126866 3445 MAINTENANCE AND REPAIRS 788797 716964 26793 45040 DUES AND SUBSCRIPTIONS 583221 489714 28788 64719 OTHER EXPENSES 255653 182884 70845 1924 44550802 40093204 2348388 2109210 1916238 3559879 8784793 5725308 392634 814360 992 395880 93277 51104270 6682650 46022374 44421620 1101307 1335516 5305186 4022171 63919404 59972131 3052762 3357726 1671134 1864720 8405000 8260000 21835000 23828169 3187872 2727831 38151768 40038446 X 19633866 14256037 6133770 5677648 25767636 19933685 63919404 59972131 X -5041094 84929 -877786 X X 0 1 X 1 1 1 X 3575458 4471637 13351710 6082871 3777356 31259032 3575458 4471637 13351710 6082871 3777356 31259032 8096719 23162313 441220 119064 501767 249277 338254 1649582 250518 -94430 26377 18718 36340 237523 33146137 136987384 0.69880 0.70080 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 250,518. 2019 AMOUNT: $ -94,430. 2020 AMOUNT: $ 26,377. 2021 AMOUNT: $ 18,718. 2022 AMOUNT: $ 36,340. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1101307 194928 39281 1256954 1364063 100000 -226348 136408 1101307 1044975 355284 36196 1364063 999388 79427 33840 1044975 1030924 4464 36000 999388 0.00000 1.00000 0.00000 0 0 11445000 11445000 33441859 2586472 30855387 5507609 4096178 1411431 709802 709802 44421620 DEPOSITS HELD WITH TRUSTEE 2577688 RIGHT OF USE ASSET - FINANCING 1444483 4022171 ANNUITY LIABILITY 787169 CONTRACT LIABILITY 415753 LEASE LIABILITY - FINANCING 1524909 2727831 X 24604595 84929 269048 -15248992 -14895015 39499610 10098 10098 39509708 30438546 269048 854515 1123563 29314983 10098 15225721 15235819 44550802 PART V, LINE 4: THE PURPOSE OF INVESTMENT AND ENDOWMENT FUNDS IS TO SUPPORT THE SHORT AND LONG TERM FINANCIAL NEEDS OF ARIZONA CHRISTIAN UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE UNIVERSITY UTILIZES THE PROVISIONS OF FASB ASC 7 40-10, ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE UNIVERSITY CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -23,271. SCHOLARSHIPS NETTED AGAINST REVENUE -15,225,721. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES MOVED TO PART XI 854,515. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP NETTED AGAINST REVENUE 15,225,721. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN ACCORDANCE WITH REV. PROC. 75-50, THE NONDISCRIMINATION POLICY IS INCLUDED IN ALL BROCHURES, MAILINGS, CATALOGS, AND IS AVAILABLE ONLINE. SCHEDULE E, PART I, LINE 6 STUDENT FINANCIAL AID IS RECEIVED FROM THE U.S. DEPARTMENT OF EDUCATION SUCH AS SUPPLEMENTARY EDUCATIONAL OPPORTUNITY GRANTS, WORK STUDY, PELL GRANTS, DIRECT STUDENT LOANS (LOAN GUARANTEES), AND TEACH GRANTS. AS WELL AS, THE HISPANIC SERVING INSTITUTIONS GRANT. X X X X X X 1 FOCUSED ON FUNDRAISING INC PO BOX 271 HURDLE MILLS NC 27541 COUNSEL 0 0 39621 0 39621 AZ WI WV WA VA VT UT TX TN SD SC RI PR PA OR OK OH ND NC NY NM NJ NH NV NE MT MO MS MI MN MA MD ME LA KY KS IA IN IL ID HI GA FL DC DE CT CO CA AR AK 1 SCHOLARSHIPS - STUDENT AWARDS 1028 15225721 0 N/A N/A PART I, LINE 2: ALL SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO HAVE COMPLETED THE COLLEGE'S ADMISSIONS REQUIREMENTS AND HAVE REGISTERED FOR CLASSES. SCHOLARSHIPS REQUIRE A STUDENT TO MAINTAIN A FULL-TIME STATUS THROUGHOUT THE SEMESTER AND ARE AWARDED FOR ONE YEAR, DIVIDED EVENLY BETWEEN THE FALL AND SPRING SEMESTERS. MOST SCHOLARSHIPS ARE RENEWED ANNUALLY AS LONG AS THE STUDENT MEETS THE RENEWAL CRITERIA AND COMPLETES THE FAFSA. MUSIC AND ATHLETIC SCHOLARSHIPS REQUIRE RE-EVALUATION EACH YEAR AND ARE NOT AUTOMATICALLY RENEWED. SCHOLARSHIPS ARE AWARDED WITH THE UNDERSTANDING THAT A STUDENT WILL COMPLETE THE SEMESTER FOR WHICH THE AWARD IS RECEIVED. A STUDENT MUST BE IN GOOD STANDING AND MAKING SATISFACTORY PROGRESS IN ORDER TO RECEIVE A SCHOLARSHIP. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 LEN MUNSIL PRESIDENT 442994 0 23000 0 0 0 9150 0 18589 0 493733 0 0 0 JAMES TITO CHIEF OPERATING OFFICER 241169 0 5000 0 0 0 0 0 1968 0 248137 0 0 0 JEFF RUTTER VP OF ENROLLMENT 155753 0 0 0 0 0 4804 0 13754 0 174311 0 0 0 JAMES GRIFFITHS VP OF UNIVERSITY ENGAGEMEN 143274 0 0 0 0 0 4429 0 10028 0 157731 0 0 0 PART I, LINE 1A THE PRESIDENT'S SPOUSE (ALSO A UNIVERSITY EMPLOYEE) ACCOMPANIES HIM TO CONFERENCES, EVENTS AND DONOR MEETINGS WHERE HER PRESENCE IS REQUESTED AND THERE IS A VALID BUSINESS PURPOSE. THIS IS TREATED AS A BUSINESS EXPENSE AND IS NOT INCLUDED IN TAXABLE COMPENSATION. A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052BKD5 2019-11-21 8332404 FINANCE UNIVERSITY EDUCATIONAL FACILITIES 0 0 0 A 385000 8372159 606037 457215 164392 919825 6183341 39083 2266 2021 0 0 0 1 A 0 1 1 1 0 0.00150 0.00150 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 JANIE UNKEFER FAMILY MEMBER OF TRUSTEE 72000 EMPLOYEE COMPENSATION 0 X 1 51467 FMV X SUPPLIES 1 5034 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN B INDICATES THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIR, VICE CHAIR, SECRETARY AND TREASURER. THE BOARD OF TRUSTEES ENTRUSTS THE GOVERNING OF THE UNIVERSITY BETWEEN BOARD SESSIONS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL MEET AS OFTEN AS DEEMED NECESSARY TO FULFILL ITS RESPONSIBILITIES, AND SHALL BE BOUND TO ABIDE WITHIN THE DEFINED POLICIES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM, THEN REVIEWED IN DETAIL BY THE FINANCE TEAM BEFORE THE RETURN IS PROVIDED TO THE FINANCE COMMITTEE AND THEN THE BOARD OF TRUSTEES PRIOR TO IT BEING SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT CONFLICT OF INTEREST DISCLOSURES ANNUALLY. THESE FORMS ARE REVIEWED BY MANAGEMENT AS WELL AS THE AUDIT COMMITTEE. ANY CONFLICTS OR POTENTIAL CONFLICTS ARE RESOLVED BY THE AUDIT COMMITTEE AND THE BOARD OF TRUSTEES. ALL CONFLICTED PARTIES ARE REQUIRED TO RECUSE THEMSELVES FROM BOARD DELIBERATIONS AND ANY SUBSEQUENT VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES' COMPENSATION COMMITTEE REVIEWS ANNUAL COMPENSATION STUDIES FROM VARIOUS HIGHER EDUCATION ASSOCIATIONS AND COMPARABLE COMPENSATION PACKAGES FOR CHIEF EXECUTIVES AT OTHER HIGHER EDUCATION INSTITUTIONS AND NONPROFITS. WHILE SEEKING TO EXTEND THE PRESIDENT'S CONTRACT IN 2021, THE COMMITTEE HIRED AN INDEPENDENT CPA TO PRODUCE A COMPARABILITY STUDY FOR ITS REVIEW. IN ADDITION TO THE COMPARABILITY STUDY, THE BOARD RECOGNIZED: PRESIDENT MUNSIL'S PERFORMANCE AND LEADERSHIP IN THE UNIVERSITY'S GROWTH FROM A $6 MILLION ORGANIZATION TO A $25-30 MILLION ORGANIZATION ACHIEVING UNPRECEDENTED REGIONAL AND NATIONAL AWARDS AND RANKINGS FOR EXCELLENCE; HIS ROLE IN CONCEIVING OF, INITIATING AND NEGOTIATING A LAND SWAP ENABLING ACU TO MOVE FROM A LAND-LOCKED 20-ACRE CAMPUS TO A 68-ACRE CAMPUS, PRODUCING A $31 MILLION ASSET GAIN FOR THE UNIVERSITY; HIS SUCCESS IN MORE THAN QUINTUPLING AVERAGE ANNUAL FUNDRAISING TOTALS, INCLUDING PERSONALLY SOLICITING MULTIPLE 7-FIGURE-PLUS GIFTS; AND HIS DECISION TO STAY AT ACU DESPITE BEING RECRUITED FOR OTHER OPPORTUNITIES, INCLUDING THE PRESIDENCY OF LARGER CHRISTIAN UNIVERSITIES. THE COMPENSATION COMMITTEE DETERMINED THAT PRESIDENT MUNSIL'S PERFORMANCE RECORD AND MARKETABILITY JUSTIFIED A SALARY IN THE HIGH RANGE OF COMPARABLES. THE COMMITTEE ALSO RECOGNIZED DURING THESE YEARS OF GROWTH THAT PRESIDENT MUNSIL CHOSE TO NOT TAKE RAISES OR RECEIVE THE FULL SALARY IN HIS EMPLOYMENT CONTRACT. WHILE THE UNIVERSITY IS NOT OBLIGATED TO PROVIDE FOR SALARY NOT TAKEN, THE COMMITTEE SOUGHT TO RESTORE SOME OF THAT LOST SALARY WHEN FINANCIALLY ABLE BY PROVIDING ADDITIONAL PAYMENTS DURING THE NEXT FEW YEARS OF HIS EMPLOYMENT, WHICH HAS BEEN EXTENDED IN A NEW CONTRACT THROUGH 2026. DUE TO FINANCIAL CONSTRAINTS, NO ADDITIONAL PAYMENT WAS MADE DURING THIS FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION B, LINE 1 IT IS POSSIBLE THAT A PORTION OF THE AMOUNTS REPORTED FOR SODEXO INC AND ASSOCIATES WERE RELATED TO FOOD/MATERIALS IN ADDITION TO SERVICES, HOWEVER, THE AMOUNTS ARE NOT DISTINGUISHABLE. IT IS POSSIBLE THAT A PORTION OF THE AMOUNTS REPORTED FOR SCHIFFERER BUILT WERE RELATED TO MATERIALS IN ADDITION TO AMOUNTS PAID FOR SERVICES, HOWEVER, THE AMOUNTS ARE NOT DISTINGUISHABLE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 5,080,484. MANAGEMENT AND GENERAL EXPENSES 575,486. FUNDRAISING EXPENSES 347,359. TOTAL EXPENSES 6,003,329. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -23,271. LOSS ON UNCOLLECTIBLE PLEDGES -854,515. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER TRUST (1) HOLD ASSETS AND REMIT INCOME TO UNIVERSITY AZ ARIZONA CHRISTIAN UNIVERSITY T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0