2025-04-11T11:12:53-05:00 2024-05-31 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2023-06-01 951643992 CHAPMAN UNIVERSITY CHAP 7147447099 ONE UNIVERSITY DRIVE ORANGE CA 92866 HAROLD W HEWITT JR EVP/COO 7147447099 2025-04-11 1 0 CAREY MCKEE P01281067 2139724000 2025-04-11 2023 2025-03-06 01:10:19Z DANIELE C STRUPPA ONE UNIVERSITY DRIVE ORANGE CA 92866 1177605670 0 X WWW.CHAPMAN.EDU X 1861 CA PERSONALIZED EDUCATION THAT LEADS TO INQUIRING, ETHICAL, & PRODUCTIVE LIVES AS GLOBAL CITIZENS. 65 63 5804 400 2198943 0 56695460 49146420 622069242 632482855 8770698 83974819 10052119 10633086 697587519 776237180 200141892 208648789 0 0 263513684 279717591 0 0 20619378 186456126 193903421 650111702 682269801 47475817 93967379 2207207972 2279240565 595030195 544785579 1612177777 1734454986 X THE MISSION OF CHAPMAN UNIVERSITY IS TO PROVIDE PERSONALIZED EDUCATION OF DISTINCTION THAT LEADS TO INQUIRING, ETHICAL AND PRODUCTIVE LIVES AS GLOBAL CITIZENS. 0 0 447675613 208648789 570498401 LISTED BELOW ARE CHAPMAN UNIVERSITY'S ACADEMIC PROGRAMS, WHICH CURRENTLY PROVIDE MORE THAN 50 FIELDS OF UNDERGRADUATE STUDY AND MORE THAN 40 GRADUATE PROGRAMS, AS WELL AS A VARIETY OF CREDENTIAL AND CERTIFICATE PROGRAMS.- GEORGE L. ARGYROS SCHOOL OF BUSINESS AND ECONOMICS- ATTALLAH COLLEGE OF EDUCATIONAL STUDIES- LAWRENCE AND KRISTINA DODGE COLLEGE OF FILM AND MEDIA ARTS- JOHN & DONNA CREAN COLLEGE OF HEALTH AND BEHAVIORAL SCIENCES- WILKINSON COLLEGE OF HUMANITIES AND SOCIAL SCIENCE- COLLEGE OF PERFORMING ARTS- SCHOOL OF PHARMACY- FOWLER SCHOOL OF LAW- SCHMID COLLEGE OF SCIENCE AND TECHNOLOGY- SCHOOL OF COMMUNICATION- FOWLER SCHOOL OF ENGINEERING 57411052 CHAPMAN UNIVERSITY HAS TWO LIBRARIES WHICH SERVE AS A PRIMARY RESOURCE OF ACADEMIC SUPPORT FOR OUR STUDENTS AND FACULTY -THE LEATHERBY LIBRARIES AND THE HUGH & HAZEL DARLING LAW LIBRARY.THE LEATHERBY LIBRARIES INCLUDES NINE INDIVIDUALLY NAMED LIBRARIES WITH DISTINCTIVE COLLECTIONS REPRESENTING DISCIPLINARY AREAS OF THE UNIVERSITY TO INCLUDE ARTS AND HUMANITIES, SOCIAL SCIENCES, SCIENCE AND TECHNOLOGY, EDUCATION, MUSIC, FILM AND MEDIA ARTS, AND BUSINESS AND ECONOMICS, HOLOCAUST MEMORIAL LIBRARY, AND A SPECIAL COLLECTIONS AND ARCHIVES LIBRARY. THE FIVE-STORY FACILITY FEATURES 12 GROUP STUDY ROOMS, 8 MULTI-MEDIA ROOMS, A PRESENTATION STUDIO, OVER 140 COMPUTERS THAT ARE PUBLICLY ACCESSIBLE, 6 COMPUTER CLASSROOMS, A LIBRARY INSTRUCTION ROOM, AN EXTENDED HOURS STUDY COMMONS, AND MORE THAN 750 SEATS AT TABLES, STUDY CARRELS, AND LOUNGE CHAIRS. THE LEATHERBY LIBRARIES COLLECTION CONTAINS APPROXIMATELY 400,000 VOLUMES AND PROVIDES ACCESS TO OVER 400 DATABASES, 65,000 PERIODICAL TITLES, IN ADDITION TO DVD'S VIDEOS, CD'S AND OTHER MEDIA EQUIPMENT. THE HUGH & HAZEL DARLING LAW LIBRARY, CONTAINING OVER 40,000 SQUARE FEET AND SEATING FOR 300 PATRONS, FEATURES COMFORTABLE, QUIET STUDY AREAS, ALL WITH WIRELESS ACCESS. THE LIBRARY IS DESIGNED TO MEET THE NEEDS OF LEGAL EDUCATION IN THE TWENTY-FIRST CENTURY. IT CONTAINS A COMPREHENSIVE MONOGRAPH COLLECTION AS WELL AS MANY LEGAL RESOURCES IN HARD COPY AND ONLINE. THE LIBRARY IS OPEN 100 HOURS A WEEK ON A REGULAR BASIS AND EVEN LONGER DURING EXAM PERIODS. 47996613 STUDENT SERVICES: CHAPMAN UNIVERSITY STUDENTS HAVE ENDLESS OPPORTUNITIES FOR EXTENDING THEIR EDUCATION BEYOND THE CLASSROOM. THESE OPPORTUNITIES INCLUDE STUDENT GOVERNMENT, DIVISION III INTERCOLLEGIATE ATHLETICS, PUBLICATIONS, RADIO BROADCASTING, FINE ARTS, AND OVER 100 REGISTERED STUDENT ORGANIZATIONS, INCLUDING AN ACTIVE FRATERNITY AND SORORITY SYSTEM. 46860449 61984454 AUXILIARY ENTERPRISESSTUDENTS CAN CHOOSE TO ATTEND A VARIETY OF EDUCATIONAL, SPIRITUAL, CULTURAL, SERVICE AND SOCIAL EVENTS. BECAUSE OF CHAPMAN'S SIZE, STUDENTS ARE NOT LIMITED TO ONE OR TWO ASPECTS OF CAMPUS LIFE BUT ARE ABLE TO ENGAGE IN A WIDE ARRAY OF OPPORTUNITIES. HOWEVER, CHAPMAN'S STRONGEST ASSET IS ITS STUDENT BODY; CHAPMAN STUDENTS REPRESENT A VARIETY OF RACIAL, CULTURAL, AND GEOGRAPHIC BACKGROUNDS, AND THIS DIVERSITY GREATLY ENHANCES THE QUALITY OF CAMPUS LIFE. CHAPMAN UNIVERSITY IS PROUD TO OFFER SEVERAL HOUSING OPTIONS FOR STUDENTS, INCLUDING FIVE TRADITIONAL RESIDENCE HALLS AND SIX APARTMENT-STYLE RESIDENCE FACILITIES. WE STRIVE TO ENSURE THAT OUR RESIDENCE HALLS AND APARTMENTS ARE COMFORTABLE AND SAFE LIVING AND LEARNING ENVIRONMENTS. THE CHAPMAN LIVING AND LEARNING ENVIRONMENT CREATES AN ENGAGING CAMPUS CLIMATE AND PROVIDES MEANINGFUL EXPERIENCES THAT FACILITATE THE FOLLOWING LEARNING OUTCOMES:- A HEALTHY SENSE OF SELF: STUDENTS WILL DEVELOP AN HONEST UNDERSTANDING AND APPRECIATION OF THEMSELVES AND AN ABILITY TO MAKE INDIVIDUAL CHOICES THAT PROMOTE THEIR HEALTH AND WELL-BEING.- A FRAMEWORK OF PERSONAL ETHICS AND VALUES: STUDENTS WILL DEVELOP A FRAMEWORK OF CONSISTENT ETHICS AND VALUES THAT GUIDES THEIR DAILY LIVES.- AN ABILITY TO APPLY CRITICAL THOUGHT: STUDENTS WILL MAKE EFFECTIVE DECISIONS GROUNDED IN CAREFUL, OBJECTIVE ANALYSIS OF INFORMATION,EXPERIENCES AND IDEAS.- AN ABILITY TO DEVELOP AND SUSTAIN MEANINGFUL RELATIONSHIPS: STUDENTS WILL DEVELOP SKILLS TO ESTABLISH AND SUSTAIN HEALTHY, MEANINGFUL INTERPERSONAL RELATIONSHIPS.- A VALUE AND RESPECT FOR DIFFERENCES: STUDENTS WILL RECOGNIZE, RESPECT, AND VALUE DIVERSE EXPERIENCES, IDEAS, BACKGROUNDS AND IDENTITIES.- A COMMITMENT TO CITIZENSHIP: STUDENTS WILL UNDERSTAND THEIR ROLE AND RESPONSIBILITIES WITHIN LOCAL AND GLOBAL COMMUNITIES AND COMMIT TO BECOMING AN ENGAGED MEMBER.- A PURSUIT OF LIFELONG LEARNING: STUDENTS WILL DEVELOP AN INTELLECTUAL CURIOSITY AND DESIRE FOR CONTINUAL LEARNING BOTH WITHIN AND BEYOND FORMAL EDUCATION. 46860449 61984454 599943727 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 1 795 0 1 5804 1 1 1 0 0 0 0 0 0 0 1 0 X 65 63 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO MA MD ME MI NH NV OH OK OR SC WA WI X X BRIAN THOMASON 7147447099 ONE UNIVERSITY DRIVE ORANGE CA 92866 DANIELE STRUPPA PRESIDENT/EX-OFFICIO TRUSTEE 40.00 0.00 X X 1256399 0 583110 PARKER S KENNEDY CHAIRMAN 1.00 0.00 X X 0 0 0 JAMES V MAZZO VICE CHAIR 1.00 0.00 X X 0 0 0 SCOTT CHAPMAN SECRETARY 1.00 0.00 X X 0 0 0 AKIN CEYLAN TRUSTEE 1.00 0.00 X 0 0 0 ANDRES IRLANDO TRUSTEE 1.00 0.00 X 0 0 0 ANDY HOROWITZ TRUSTEE 1.00 0.00 X 0 0 0 ANNETTE WALKER TRUSTEE 1.00 0.00 X 0 0 0 CHARLIE ZHANG TRUSTEE 1.00 0.00 X 0 0 0 CHERYL LENTZ TRUSTEE 1.00 0.00 X 0 0 0 DALE E FOWLER TRUSTEE 1.00 0.00 X 0 0 0 DANIELLE LIMP TRUSTEE (AS OF 05/17/24) 1.00 0.00 X 0 0 0 EMILE HADDAD TRUSTEE (THRU 05/02/24) 1.00 0.00 X 0 0 0 GAVIN S HERBERT JR TRUSTEE 1.00 0.00 X 0 0 0 GAYE BIRTCHER TRUSTEE 1.00 0.00 X 0 0 0 GEORGE WALL TRUSTEE 1.00 0.00 X 0 0 0 IRVING M CHASE TRUSTEE 1.00 0.00 X 0 0 0 JAMES B ROSZAK TRUSTEE 1.00 0.00 X 0 0 0 JAMES P BURRA TRUSTEE 1.00 0.00 X 0 0 0 JANE FUJISHIGE YADA TRUSTEE 1.00 0.00 X 0 0 0 JASON KROTTS TRUSTEE (AS OF 05/17/24) 1.00 0.00 X 0 0 0 JEROME W CWIERTNIA TRUSTEE 1.00 0.00 X 0 0 0 KAREN R WILKINSON TRUSTEE 1.00 0.00 X 0 0 0 KEN BUNT TRUSTEE 1.00 0.00 X 0 0 0 KEVIN SCHEETZ TRUSTEE (AS OF 05/17/24) 1.00 0.00 X 0 0 0 LISA ARGYROS TRUSTEE 1.00 0.00 X 0 0 0 MARILYN ALEXANDER TRUSTEE 1.00 0.00 X 0 0 0 MARK CHAPIN JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 MARK HILBERT TRUSTEE 1.00 1.00 X 0 0 0 MARONYA MOULTRIE TRUSTEE 1.00 0.00 X 0 0 0 MARYBELLE MUSCO TRUSTEE 1.00 0.00 X 0 0 0 MAX VALDES TRUSTEE 1.00 0.00 X 0 0 0 MELINDA MASSON TRUSTEE 1.00 0.00 X 0 0 0 MOHINDAR S SANDHU TRUSTEE 1.00 0.00 X 0 0 0 NELLA WEBSTER-O'GRADY TRUSTEE 1.00 0.00 X 0 0 0 RAJ S BHATHAL TRUSTEE 1.00 0.00 X 0 0 0 RICHARD MUTH TRUSTEE 1.00 0.00 X 0 0 0 RICK LOWE TRUSTEE 1.00 0.00 X 0 0 0 ROBERT CASE TRUSTEE 1.00 0.00 X 0 0 0 RONALD M SIMON TRUSTEE 1.00 0.00 X 0 0 0 THE HONORABLE GADDI VASQUEZ TRUSTEE 1.00 0.00 X 0 0 0 THE HONORABLE LORETTA SANCHEZ TRUSTEE 1.00 0.00 X 0 0 0 TIM VANDERHOOK TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM K HOOD TRUSTEE/EMERITUS TRTE 1.00 0.00 X 0 0 0 ZEINAB DABBAH TRUSTEE 1.00 0.00 X 0 0 0 ARLENE R CRAIG EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 DAVID C HENLEY EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 DONALD E SODARO EMERITUS CHAIR 1.00 0.00 X 0 0 0 DONNA ATTALLAH EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 DOY B HENLEY EMERITUS CHAIR 1.00 0.00 X 0 0 0 JOANN LEATHERBY EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 R DAVID THRESHIE EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 RICHARD R SCHMID EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 ROGER C HOBBS EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 THE HONORABLE GEORGE L ARGYROS EMERITUS CHAIR 1.00 0.00 X 0 0 0 TOM MALLOY EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 WYLIE A AITKEN EMERITUS CHAIR 1.00 0.00 X 0 0 0 JAY HARTLEY EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 KATHY DUNLAP EX OFFICIO TRTE (AS OF 06/23) 1.00 0.00 X 0 0 0 MICHAEL PENN EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL WIMBERLEY EX OFFICIO TRTE (THRU 05/24) 1.00 0.00 X 0 0 0 MICHELLE PHILO EX OFFICIO TRTE (AS OF 06/23) 1.00 0.00 X 0 0 0 REVEREND DAYNA KINKADE EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 REVEREND LATAUNYA BYNUM EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 RICHIE SANCHEZ EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 SHERI NAZAROFF EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 HAROLD HEWITT JR EXEC VP & COO 40.00 0.00 X 1145032 0 153826 MATTHEW PARLOW EXEC VP AND CHIEF ADVANCEMENT 40.00 0.00 X 805223 0 140730 NORMA BOUCHARD EXEC VP PROVOST AND CAO 40.00 0.00 X 698281 0 151569 BRIAN THOMASON VP FINANCE/CONTROLLER 40.00 0.00 X 387464 0 41494 COLLETTE CREPPELL VP CAMPUS PLANNING & DESIGN 40.00 0.00 X 367028 0 28725 HELEN NORRIS VICE PRESIDENT & CIO 40.00 0.00 X 401029 0 61375 JANNA BERSI VP, INVESTMENTS & ADMIN 40.00 0.00 X 580561 0 45262 JERRY PRICE VP STDNT AFFAIRS/DEAN OF STDNT 40.00 0.00 X 349147 0 97143 MICHAEL PELLY VP OFFICE OF ENROLLMENT MGMT 40.00 0.00 X 376042 0 36687 ANDREW JORDAN FACULTY 40.00 0.00 X 683900 0 52317 HENRIK CRONQVIST FACULTY 40.00 0.00 X 685809 0 40401 JANINE DUMONTELLE VP, GENERAL COUNSEL 40.00 0.00 X 460699 0 51941 VERNON SMITH FACULTY - NOBEL LAUREATE 40.00 0.00 X 588026 0 52454 YAKIR AHARONOV FACULTY 40.00 0.00 X 529484 0 34412 BRIAN POWELL FORMER VP, CHIEF HR OFFICER 40.00 0.00 X 186038 0 18641 9500162 0 1590087 673 1 1 0 CARNEGIE DARTLET LLC 210 LITTLETON RD STE 100 WESTFORD MA 01886 PROFESSIONAL SRVCS 1422703 EHRLICH YANAI RHEE CHANEY ARCHITECTS LLP 10865 WASHINGTON BLVD CULVER CITY CA 90232 ARCHITECTURE 1089764 HUESTON HENNIGAN LLP 2525 CORPORATE PL STE 250 MONTEREY PARK CA 91754 LEGAL 891873 CULTURAL EXPERIENCES ABROAD LLC 702 EAST OSBORN RD STE 200 PHOENIX AZ 85014 STUDY ABROAD PROGS 847835 BRIAN DEIONGH 432 E EVERETT PL ORANGE CA 92867 CONSTRUCTION 692642 31 291187 7618188 41237045 2909769 49146420 TUITION AND FEES 611710 570498401 570498401 OTHER FEES AND SERVICE 611710 61984454 61984454 632482855 21210853 765335 20445518 4462761 4738275 -275514 -275514 -275514 459142605 40436 396419075 0 62723530 40436 62763966 1015526 61748440 217850 291187 211140 6710 6710 PERFORMANCE GRANTS 900099 6070547 6070547 EXTERNAL SCHOLARSHIPS 900099 3921780 3921780 SETTLEMENTS 900099 104601 104601 804962 418082 386880 10901890 776237180 632482855 2198943 92408962 2537822 2537822 205855477 205855477 255490 255490 7112104 2035232 3802534 1274338 209377185 174706421 25988379 8682385 12635530 10543213 1568351 523966 35816290 29885471 4445601 1485218 14776482 12329645 1834091 612746 2401065 2003472 298026 99567 382289 318985 47451 15853 3602884 3006283 447198 149403 16714751 13946956 2074673 693122 4634299 3866905 575220 192174 10792053 9004997 1339535 447521 11778817 9828363 1462014 488440 33746576 28158481 4188703 1399392 5647411 4712256 700970 234185 5023999 4192075 623590 208334 15640260 13050390 1941305 648565 47055775 39263810 5840671 1951294 6796097 5670732 843547 281818 LEGAL SETTLEMENTS 10569145 8819000 1311867 438278 STUDY ABROAD EXPENSES 8356252 6972541 1037197 346514 FOOD SERVICES EXPENSES 6515749 5436806 808750 270193 BOOKS AND PERIODICALS 3542142 2955599 439659 146884 703857 587305 87364 29188 682269801 599943727 61706696 20619378 53906 51381 218879806 148275898 53088903 60991727 10352040 9539584 102847284 103449295 702331 632284 9250286 8816579 1613104419 481472475 1132685682 1131631944 161957281 192677104 511431000 617873076 5959453 5301693 2207207972 2279240565 54665387 54946468 24235680 22889948 294449550 281947404 175000000 175000000 36062508 0 10617070 10001759 595030195 544785579 X 1226193099 1300857820 385984678 433597166 1612177777 1734454986 2207207972 2279240565 X 93967379 27873898 435932 X 0 1 X 1 1 1 X 59001987 78277371 44045778 56695460 49146420 287167016 59001987 78277371 44045778 56695460 49146420 287167016 40359521 246807495 13066202 6907193 10274321 17487202 25673615 73408533 7819146 8541144 10026512 10683809 11119740 48190351 408765900 2891390080 0.60380 0.63000 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2019 AMOUNT: $ 420,157. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 276,468. 2022 AMOUNT: $ 376,038. 2023 AMOUNT: $ 217,850. MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 7,398,989. 2020 AMOUNT: $ 8,541,144. 2021 AMOUNT: $ 9,750,044. 2022 AMOUNT: $ 10,307,771. 2023 AMOUNT: $ 10,901,890. SCHEDULE A, PART II CHAPMAN UNIVERSITY IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). HOWEVER, IT IS COMPLETING PART II TO DEMONSTRATE THAT IT QUALIFIES FOR THE SPECIAL RULES PROVISION ON SCHEDULE B AND MEETS THE 33 1/3% SUPPORT TEST OF THE REGULATIONS UNDER SECTIONS 509(A)(1) ON 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1283530 15354808 X X X 0 0 668428004 51966057 101549730 8745920 4958211 3602671 804636989 608096890 65894250 9886790 7671793 4561402 3216731 668428004 564411092 44024000 13475143 6611316 4195684 3006345 608096890 412063654 19581209 141504920 1049987 6151914 1536790 564411092 406305868 5774445 6683757 1798789 3515916 1385711 412063654 0.57492 0.42508 0 0 298662799 298662799 1020751523 286632269 734119254 273392106 194840206 78551900 20297991 20297991 1131631944 MEZZANINE DEBT FUNDS 139091 F REAL ASSET FUNDS 9987743 F FIXED INCOME AND MUTUAL FUNDS 17607909 F EMERGING MARKET EQUITIES 55092899 F VENTURE CAPITAL 68059013 F GLOBAL EQUITIES 173733403 F PRIVATE EQUITY 141705403 F HEDGE FUNDS 151547615 F 617873076 OTHER LIABILITIES 8998914 ANNUITIES PAYABLE 1002845 10001759 603333688 27873898 4949415 32823313 570510375 205726805 205726805 776237180 481056479 4949415 4949415 476107064 206162737 206162737 682269801 PART III, LINE 4: SPECIAL COLLECTIONS CONTAIN MATERIALS OF ENDURING VALUE FOR THEIR INTELLECTUAL CONTENT AS WELL AS FOR THEIR HISTORICAL IMPORTANCE. SPECIAL COLLECTIONS IN THE LEATHERBY LIBRARIES SERVE AS THE REPOSITORY FOR COLLECTIONS OF PAPERS, MANUSCRIPTS, RARE BOOKS, ART WORK, PERIODICALS, PHOTOGRAPHS, MEDIA, EPHEMERA AND REALIA. PART V, LINE 4: ENDOWED GIFTS ARE MEANT TO EXIST IN PERPETUITY. EACH YEAR, A PORTION OF THE FUND'S EARNINGS IS MADE AVAILABLE TO SUPPORT STUDENT SCHOLARSHIPS, FACULTY CHAIRS, AND OTHER ENDOWED PROGRAMS THAT FURTHER THE UNIVERSITY'S STRATEGIC PRIORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET ON 990 4,738,275. FUNDRAISING EXPENSES REPORTED NET ON 990 211,140. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTERESTS -435,932. SCHOLARSHIP PAYMENTS REPORTED GROSS ON 990 206,055,577. LOSS ON ASSET DISPOSAL 107,160. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET ON 990 4,738,275. FUNDRAISING EXPENSES REPORTED NET ON 990 211,140. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP PAYMENTS REPORTED GROSS ON 990 206,055,577. LOSS ON ASSET DISPOSAL 107,160. 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE CHAPMAN UNIVERSITY NON-DISCRIMINATION POLICY (BELOW) ON THE WEBSITE, IN ADDITION TO THE PUBLICATION IS PROMINENT IN BOTH THE UNDERGRADUATE (P.18) AND GRADUATE (P.19) CATALOGS AND IS EXHIBITED ON ITS WEBSITE AT HTTP://WWW.CHAPMAN.EDU. NON-DISCRIMINATION POLICY: THE UNIVERSITY PROHIBITS HARASSMENT AND DISCRIMINATION AGAINST ITS EMPLOYEES AND STUDENTS ON THE BASIS OF RACE (INCLUDING HAIR TEXTURE AND PROTECTIVE HAIR STYLES), ETHNICITY, COLOR, RELIGION (INCLUDING RELIGIOUS DRESS AND GROOMING PRACTICES), CREED, ANCESTRY, NATIONAL ORIGIN, AGE, MEDICAL CONDITION, PHYSICAL OR MENTAL DISABILITY, SEX, SEXUAL ORIENTATION, GENDER (INCLUDING SEXUAL HARASSMENT, GENDER IDENTIFICATION, GENDER EXPRESSION, TRANSGENDER OR LGBTQIA+ STATUS), GENETIC INFORMATION, MARITAL STATUS (INCLUDING REGISTERED DOMESTIC PARTNER STATUS), MILITARY AND VETERAN STATUS, LAWFUL CHANGE OF NAME, SOCIAL SECURITY NUMBER OR FEDERAL EMPLOYMENT AUTHORIZATION DOCUMENT, RECEIPT OF MEDI-CAL COVERAGE, CALIFORNIA DRIVER'S LICENSE SCHEDULE E, PART I, LINE 4 CHAPMAN UNIVERSITY MAINTAINS COPIES OF ALL MAJOR MATERIALS USED BY THE ORGANIZATION TO SOLICIT CONTRIBUTIONS. SCHEDULE E, PART I, LINE 6 CHAPMAN UNIVERSITY IS AWARDED GRANTS FROM GOVERNMENT AGENCIES, SUCH AS THE DEPARTMENT OF EDUCATION AND THE CALIFORNIA STUDENT AID COMMISSION, TO PROVIDE FINANCIAL AID TO STUDENTS. SCHEDULE E, PART I, LINE 3 CONT'D WITH A "FEDERAL LIMITS APPLY NOTATION, OR ANY OTHER CHARACTERISTIC PROTECTED BY LOCAL, STATE OR FEDERAL LAW. DISCRIMINATION OR HARASSMENT ON THE BASIS OF SEX INCLUDES HARASSMENT OR DISCRIMINATION ON THE BASIS OF PREGNANCY, CHILDBIRTH, OR RELATED MEDICAL CONDITIONS, BREASTFEEDING, AND CONDITIONS RELATED TO BREASTFEEDING. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 6 PROGRAM SERVICES INSTRUCTION BY FACULTY 70072 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 112006962 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 7896211 NORTH AMERICA 0 0 INVESTMENTS 4106314 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 190003 SOUTH AMERICA 0 0 GRANTMAKING 65487 0 6 0 0 0 6 124335049 0 124335049 EUROPE (INCLUDING ICELAND AND GREENLAND) BASIC RESEARCH 169894 WIRE 0 N/A N/A SOUTH AMERICA BASIC RESEARCH 65487 WIRE 0 N/A N/A EUROPE (INCLUDING ICELAND AND GREENLAND) BASIC RESEARCH 20109 WIRE 0 N/A N/A 0 3 1 0 0 1 1 1 PART I, LINE 3: THE EXPENDITURES REPORTED IN COLUMN (F) ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. INVESTMENTS ARE REPORTED AT THE FAIR MARKET VALUE ON THE LAST DAY OF THE REPORTING YEAR. FORM 990, SCHEDULE F, PART IV, LINE 6 OPERATIONS RELATED TO ANY BOYCOTTING COUNTRIES THE UNIVERSITY FILES FORM 5713 TO REPORT EDUCATIONAL SERVICES PROVIDED WITHIN THE U.S. TO FOREIGN NATIONALS FROM COUNTRIES THAT ARE CONTAINED ON THE U.S. TREASURY BOYCOTT LISTING UNDER SECTION 999(A)(3). ECONOMIC FORECAST 178861 52880 125981 11216 46041 41716 CHRISTMAS AT THE RITZ 330176 238307 91869 10776 69385 6396 25610 509037 291187 217850 21992 115426 6396 67326 211140 6710 1 UNIVERSITY OF SOUTHERN CALIFORNIA UNIVERSITY PARK CAMPUS LOS ANGELES CA 90089 951642394 501 (C)(3) 822051 0 N/A N/A BASIC RESEARCH UNIVERSITY OF CALIFORNIA IRVINE PHARMACEUTICAL SCIENCES 356A MED SURGE II IRVINE CA 92697 952226406 STATE OF CA 124184 0 N/A N/A BASIC RESEARCH, APPLIED RESEARCH UNIVERSITY OF WYOMING 1000 E UNIVERSITY AVENUE LARAMIE WY 82071 836000331 STATE OF WY 43144 0 N/A N/A BASIC RESEARCH UNIVERSITY OF NEVADA RENO 1664 NORTH VIRGINIA STREET RENO NV 89557 886000024 501 (C)(3) 37136 0 N/A N/A BASIC RESEARCH WASHINGTON UNIVERSITY ROSEDALE AVENUE CB 1034 ST LOUIS MO 63112 430653611 501 (C)(3) 39349 0 N/A N/A APPLIED RESEARCH WASHINGTON STATE UNIVERSITY 240 FRENCH ADMINISTRATION BUILDING PO BOX 641025 PULLMAN WA 99164 916001108 501 (C)(3) 23127 0 N/A N/A BASIC RESEARCH BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS 1901 SOUTH FIRST STREET SUITE A CHAMPAIGN IL 61820 376000511 501 (C)(3) 94942 0 N/A N/A BASIC RESEARCH MEMORIAL HEALTH SERVICES 17360 BROOKHURST STREET FOUNTAIN VALLEY CA 92708 951643381 501 (C)(3) 144305 0 N/A N/A BASIC RESEARCH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA SANTA 3227 CHEADLE HALL SANTA BARBARA CA 93106 956006145 STATE OF CA 261222 0 N/A N/A BASIC RESEARCH AZ BOARD OF REGENTS ON BEHALF OF ARIZONA STATE UN PO BOX 876011 TEMPE AZ 85287 860196696 STATE OF AZ 639935 0 N/A N/A BASIC RESEARCH UNIVERSITY OF KENTUCKY 410 ADMINISTRATION DR LEXINGTON KY 40508 616033693 STATE OF KY 89309 0 N/A N/A APPLIED RESEARCH SAINT LUKE'S HOSPITAL OF KANSAS CITY 4401 WORNALL ROAD KANSAS CITY MO 641113220 440545297 501 (C)(3) 47404 0 N/A N/A BASIC RESEARCH UNIVERSITY OF AUSTIN TEXAS 522 CONGRESS AVENUE SUITE 300 AUSTIN TX 78701 871925354 501 (C)(3) 14680 0 N/A N/A BASIC RESEARCH ARIZONA BOARD OF REGENTS UNIVERSITY OF ARIZONA 2700 N CENTRAL AVE SUITE 400 PHOENIX AZ 85004 742652689 STATE OF AZ 55810 0 N/A N/A BASIC RESEARCH FLORIDA INTERNATIONAL UNIVERSITY 11200 SW 8TH STREET MIAMI MIAMI FL 33199 650177616 STATE OF FL 23666 0 N/A N/A BASIC RESEARCH NORTH CAROLINA STATE UNIVERSITY 2711 SULLIVAN DRIVE RALEIGH NC 27695 320289075 STATE OF NC 9206 0 N/A N/A BASIC RESEARCH NORTHWESTERN UNIVERSITY 633 CLARK ST EVANSTON IL 60208 362167817 501 (C)(3) 29512 0 N/A N/A BASIC RESEARCH UNIVERSITY OF ROCHESTER 312 LATTIMORE HALL ROCHESTER NY 14627 160743209 501 (C)(3) 21357 0 N/A N/A BASIC RESEARCH CALIFORNIA STATE U SAN MARCOS CORP 333 S TWIN OAKS VALLEY RD SAN MARCOS CA 92096 330397688 501 (C)(3) 13458 0 N/A N/A BASIC RESEARCH 19 0 UNDERGRADUATE SCHOLARSHIPS 6623 184309073 0 GRADUATE SCHOLARSHIPS 1186 21546404 0 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE REPRESENT STUDENT FINANCIAL AID. WHEN AWARDING AID, CHAPMAN UNIVERSITY FOLLOWS ALL LAWS AND REGULATIONS OF FEDERAL AND STATE OF CALIFORNIA AID PROGRAMS. FOR MORE INFORMATION, VISIT OUR WEBSITE AT WWW.CHAPMAN.EDU. AS PART OF ITS ONGOING COMPLIANCE WORK AND IN ACCORDANCE WITH FEDERAL GRANT GUIDELINES, THE UNIVERSITY MONITORS ITS GRANTS TO ORGANIZATIONS TO ENSURE COMPLIANCE AND USE CONSISTENT WITH THE AWARD ON A REGULAR BASIS. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DANIELE STRUPPA PRESIDENT/EX-OFFICIO TRUSTEE 800000 0 440000 0 16399 0 226100 0 357010 0 1839509 0 0 0 HAROLD HEWITT JR EXEC VP & COO 636402 0 300000 0 208630 0 126100 0 27726 0 1298858 0 186875 0 MATTHEW PARLOW EXEC VP AND CHIEF ADVANCEMENT 482732 0 300000 0 22491 0 101500 0 39230 0 945953 0 0 0 NORMA BOUCHARD EXEC VP PROVOST AND CAO 530615 0 150000 0 17666 0 127975 0 23594 0 849850 0 0 0 ANDREW JORDAN FACULTY 397581 0 0 0 286319 0 13280 0 39037 0 736217 0 0 0 HENRIK CRONQVIST FACULTY 483142 0 150000 0 52667 0 28194 0 12207 0 726210 0 0 0 VERNON SMITH FACULTY - NOBEL LAUREATE 519821 0 0 0 68205 0 25392 0 27062 0 640480 0 0 0 JANNA BERSI VP, INVESTMENTS & ADMIN 477706 0 100000 0 2855 0 29700 0 15562 0 625823 0 0 0 YAKIR AHARONOV FACULTY 440432 0 50000 0 39052 0 0 0 34412 0 563896 0 0 0 JANINE DUMONTELLE VP, GENERAL COUNSEL 349669 0 100000 0 11030 0 24327 0 27614 0 512640 0 0 0 HELEN NORRIS VICE PRESIDENT & CIO 369924 0 25000 0 6105 0 59700 0 1675 0 462404 0 0 0 JERRY PRICE VP STDNT AFFAIRS/DEAN OF STDNT 284519 0 60000 0 4628 0 25648 0 71495 0 446290 0 0 0 BRIAN THOMASON VP FINANCE/CONTROLLER 310561 0 75000 0 1903 0 26195 0 15299 0 428958 0 0 0 MICHAEL PELLY VP OFFICE OF ENROLLMENT MGMT 303501 0 60000 0 12541 0 27360 0 9327 0 412729 0 0 0 COLLETTE CREPPELL VP CAMPUS PLANNING & DESIGN 302050 0 60000 0 4978 0 27197 0 1528 0 395753 0 0 0 BRIAN POWELL FORMER VP, CHIEF HR OFFICER 149512 0 0 0 36526 0 13519 0 5122 0 204679 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS SCHEDULE J, PART I, LINE 1A THE UNIVERSITY PROVIDED COMPANION TRAVEL BENEFITS TO TWO LISTED OFFICERS. COMPANION TRAVEL WAS TREATED AS A NON-TAXABLE BENEFIT FOR THE LISTED PERSON'S OFFICER'S, AS THE SPOUSE WHO WAS ALSO AN EMPLOYEE OF THE UNIVERSITY HAD A BONA FIDE BUSINESS PURPOSE. THE BENEFIT VALUE PROVIDED TO THE SPOUSE IS REPORTED ON SCHEDULE L, PART IV. FIRST-CLASS OR CHARTER TRAVEL SCHEDULE J, PART I, LINE 1A ALL CHAPMAN UNIVERSITY OFFICERS ARE ENTITLED TO TRAVEL BUSINESS CLASS ON FLIGHTS OVER 4 HOURS. IN THE EVENT THAT BUSINESS CLASS IS NOT AVAILABLE, OFFICERS ARE ENTITLED TO TRAVEL FIRST CLASS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A THE CHAPMAN UNIVERSITY PRESIDENT (AND FAMILY) ARE REQUIRED TO LIVE IN A UNIVERSITY HOUSE, OWNED BY THE UNIVERSITY. THIS SPECIFIC HOUSE WAS DONATED TO CHAPMAN UNIVERSITY SPECIFICALLY FOR THE PURPOSE OF BEING THE "PRESIDENT'S RESIDENCE". THE ANNUAL RENTAL VALUE OF THE BENEFIT, $334,752 IS TREATED AS A NONTAXABLE BENEFIT TO THE PRESIDENT AND REPORTED ON THE FORM 990, SCHEDULE J. AS PART OF THE RENTAL AGREEMENT, IT IS STANDARD PRACTICE TO INCLUDE UTILITIES, REGULAR MAINTENANCE (INSIDE AND OUTSIDE THE HOUSE), AND PROFESSIONAL CLEANING SERVICES OF ALL AREAS OF THE RESIDENCE OF THE HOME. THE BUSINESS REASON FOR SUCH A DETAILED MAINTENANCE (INSIDE AND OUTSIDE) OF THE PROPERTY IS DUE TO THE PRESIDENT HOSTING MULTIPLE EVENTS EACH MONTH AT THIS FACILITY; ATTENDEES ARE PROVIDED A GUIDED TOUR OF ALL ROOMS INCLUDING ROOMS OCCUPIED BY THE PRESIDENT'S FAMILY AND EXTERIOR GROUNDS. IN ADDITION, THESE SERVICES ENSURE THE ONGOING MAINTENANCE OF THE PROPERTY, AS DESIRED BY THE PROPERTY OWNER (CHAPMAN UNIVERSITY). BECAUSE THESE SERVICES ARE PROVIDED PRIMARILY FOR BUSINESS REASONS, WE DO NOT CHECK THE BOX FOR "PERSONAL SERVICES". AN ANNUAL HOUSING ALLOWANCE OF $31,750 WAS PROVIDED TO HENRIK CRONQVIST. THIS TAXABLE BENEFIT IS REPORTED IN PART II, COLUMN (B)(III). AN ANNUAL HOUSING ALLOWANCE OF $180,000 WAS PROVIDED TO ANDREW JORDAN. THIS TAXABLE BENEFIT IS REPORTED IN PART II, COLUMN B (III). AN ANNUAL HOUSING ALLOWANCE OF $30,000 WAS PROVIDED TO YAKIR AHARONOV. THIS TAXABLE BENEFIT IS REPORTED IN PART II, COLUMN (B)(III). UNIVERSITY HOUSING WAS PROVIDED TO JERRY PRICE VALUED AT $44,125 ANNUALLY . THIS HOUSING IS PROVIDED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THIS NON-TAXABLE BENEFIT IS REPORTED IN PART II, COLUMN (D). HEALTH OR SOCIAL CLUB DUES OR INTITIATION FEES SCHEDULE J, PART I, LINE 1A CERTAIN EMPLOYEES HAVE ACCESS TO SOCIAL CLUB MEMBERSHIPS FOR THE BUSINESS PURPOSE OF CULTIVATING DONOR/TRUSTEE RELATIONSHIPS. FOR THIS FISCAL YEAR, SOCIAL CLUB DUES WERE PAID FOR: DANIELLE STRUPPA - $20,640 MATTHEW PARLOW - $7,950 THESE WERE DETERMINED TO BE NON-TAXABLE BENEFITS SINCE THEY HAD A BONA FIDE BUSINESS PURPOSE. THE VALUE OF THESE BENEFITS IS INCLUDED IN COLUMN (D) FOR THE INDIVIDUAL. PART I, LINE 4B DANIELE STRUPPA HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 1, 2022, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND HE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2025 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. ANNUAL AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). HAROLD HEWITT, JR. HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 1, 2023, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND HE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2026 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. ANNUAL AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). HELEN NORRIS HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 1, 2022, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND SHE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2025 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). MATTHEW PARLOW HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 1, 2022, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND HE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2025 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). NORMA BOUCHARD HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 1, 2022, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND SHE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2027 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179TL8 2021-04-01 64997271 REFUNDING 2011 BONDS 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179KL7 2017-11-16 40323903 FINANCE VILLA PARK ORCHARDS 0 0 0 C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301787X8 2015-07-21 127489124 REFINANCE TAXABLE LOAN 0 0 0 A 13280000 64997272 599374 64397898 2020 1 0 0 1 B 41002238 313278 40688960 2019 0 0 1 1 C 17650000 128618325 5 890750 102058892 25668678 2020 1 0 1 1 A 0 1 1 1 1 1 0.02500 0.00000 0.02500 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 1 1 1 1 1 0.01100 0.00000 0.01100 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 1 1 0 0 0 1 1 A 1 B 1 C 1 SCHEDULE K, PART I(F), ROW A BONDS WERE ISSUED TO REFUND THE 2011 BONDS ISSUED ON OCTOBER 3, 2011 AND PAY COSTS OF ISSUANCE. SCHEDULE K, PART I(F), ROW B BONDS WERE ISSUED TO FINANCE THE CONSTRUCTION OF VILLA PARK ORCHARDS AND PAY COSTS OF ISSUANCE. SCHEDULE K, PART I (F), ROW C BONDS WERE ISSUED TO REFINANCE A TAXABLE LOAN ISSUED JULY 7, 2014 AND FINANCE RENOVATION AND CONSTRUCTION OF VARIOUS CAMPUS BUILDINGS. SCHEDULE K, PART II, LINE 3, COLUMNS A, B & C THE DIFFERENCE BETWEEN PART I(E) AND PART II, LINE 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS. SCHEDULE K, PART III, LINE 7, COLUMNS A, B & C AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS BECAUSE THE AMOUNT OF PRIVATE BUSINESS AND/OR UNRELATED OR BUSINESS USE MEASURED OVER THE LIFE OF THE BIND IS NOT EXPECTED TO BE IN EXCESS OF THE AMOUNT PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART IV, LINE 2(B), COLUMN A THE BONDS MET THE 6-MONTH SPENDING EXCEPTION TO REBATE. SCHEDULE K, PART IV, LINE 2(B), COLUMN C THE PORTION OF BONDS THAT FINANCED THE CURRENT REFUNDING OF THE TAXABLE LOAN MET THE 6-MONTH SPENDING EXCEPTION TO REBATE. SCHEDULE K, PART IV, LINE 2(C), COLUMN B THE MOST RECENT REBATE REPORT, DATED FEBRUARY 4, 2021, WAS PERFORMED AS THE 3RD ANNIVERSARY OF THE BONDS, SHOWING A NEGATIVE REBATE LIABILITY AND ALL PROCEEDS EXPENDED. THUS, NO REBATE CAN BECOME DUE NOR WILL EVER BECOME DUE ON THE BONDS. SCHEDULE K, PART IV, LINE 2(C), COLUMN C THE MOST RECENT REBATE REPORT, DATED AUGUST 19, 2019, WAS PERFORMED AS THE 4TH ANNIVERSARY OF THE BONDS, SHOWING A NEGATIVE REBATE LIABILITY AND ALL PROCEEDS EXPENDED. THUS, NO REBATE CAN BECOME DUE NOR WILL EVER BECOME DUE ON THE BONDS. JANINE KIM SPOUSE OF OFFICER 185103 SALARY AND BENEFITS 0 MARY ELIZABETH SPARKS SPOUSE OF PRESIDENT 380620 SALARY AND BENEFITS 0 FORM 990, SCHEDULE L, PART IV OFFICERS OF THE UNIVERSITY THAT MAY HAVE A CONFLICT OF INTEREST REGARDING THE COMPENSATION PACKAGES FOR FAMILY MEMBERS DO NOT PARTICIPATE IN THE DETERMINATION OF THE COMPENSATION PAID TO THOSE FAMILY MEMBERS. X 8 1283530 APPRAISAL X 14 1611025 AVG VAL DONATED DATE X MUSICAL INSTRUMENT 1 15214 RETAIL VALUE 3 0 1 1 PART I, LINE 32B: THE UNIVERSITY UTILIZES THIRD PARTIES AS NECESSARY TO ASSIST WITH THE SALE OF NONCASH CONTRIBUTIONS. FORM 990, SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. EACH CONTRIBUTION MAY INCLUDE MORE THAN ONE DONATED ITEM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED WITH AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE AUDIT COMMITTEE. SUBSEQUENT TO ITS REVIEW, THE AUDIT COMMITTEE REPORTS BACK TO THE BOARD OF TRUSTEES REGARDING ITS OVERSIGHT OF THE FORM 990 AND THE FINAL FORM IS PROVIDED TO THE ENTIRE VOTING BOARD BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY COMPLIANCE OFFICER IS CHARGED WITH MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND ADDRESSING ANY POTENTIAL OR ACTUAL CONFLICTS. PURSUANT TO THE CONFLICTS OF INTEREST POLICY, AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE, AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT, IS DISTRIBUTED TO ALL COVERED PERSONS (I.E., BOARD MEMBERS, OFFICERS AND EXECUTIVE LEADERSHIP OR KEY EMPLOYEES). COVERED PERSONS ARE REQUIRED TO DISCLOSE REAL OR POTENTIAL CONFLICTS AT THE TIME WHEN SUCH CONFLICTS ARISE. WHEN SOMEONE BECOMES A COVERED PERSON AND ANNUALLY THEREAFTER, EACH COVERED PERSON IS REQUIRED TO SIGN A STATEMENT AFFIRMING THAT HE/SHE: (1) HAS RECEIVED A COPY OF THE CONFLICTS OR INTEREST POLICY; (2) HAS READ THE POLICY AND UNDERSTANDS THE POLICY; AND (3) AGREES TO COMPLY WITH ALL REQUIREMENTS OF THE POLICY, INCLUDING COMPLETING THE CONFLICTS OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE UNIVERSITY COMPLIANCE OFFICER AND THE RESULTS ARE REPORTED TO THE FULL BOARD OF TRUSTEES AS DEFINED BY THE UNIVERSITY'S BYLAWS. FURTHERMORE, THE TRUSTEE OR KEY EMPLOYEE SHALL ABSENT HIMSELF OR HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. THE MINUTES OF SUCH MEETINGS SHALL REFLECT THAT DISCLOSURE WAS MADE AND THAT THE TRUSTEE OR KEY EMPLOYEE WHO HAS A CONFLICT OR POSSIBLE CONFLICT ABSTAINED FROM DISCUSSING OR VOTING ON THE MATTER. ANY TRUSTEE OR KEY EMPLOYEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THAT THE BOARD OR COMMITTEE RESOLVE THE QUESTION IN HIS OR HER ABSENCE BY MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPOINTS AN EXECUTIVE COMPENSATION COMMITTEE, COMPRISED SOLELY OF INDEPENDENT DIRECTORS, NONE OF WHICH HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, TO BE ACCOUNTABLE FOR SETTING REASONABLE COMPENSATION PACKAGES. THE RESULTS FROM THE COMMITTEE MEETING ARE THEN REPORTED TO THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. THE COMMITTEE HIRES QUALIFIED INDEPENDENT COMPENSATION AND BENEFITS SPECIALISTS (INDEPENDENT EXPERTS) TO REVIEW, ANALYZE AND PROVIDE BENCHMARKING DATA FOR THE TOTAL COMPENSATION AND BENEFITS PACKAGES ON AN ANNUAL BASIS. IN 2018 THE COMMITTEE ENGAGED AN INDEPENDENT CONSULTING FIRM TO PREPARE AN EXECUTIVE COMPENSATION STUDY THAT WAS PRESENTED TO THE COMMITTEE ON AUGUST 31, 2018 WHICH WAS APPROVED BY COMMITTEE AND FORWARDED TO THE FULL BOARD OF TRUSTEES FOR APPROVAL. SUBSEQUENT TO THE TAX YEAR END, THE COMPENSATION COMMITTEE REVIEWED AND APPROVED AND UPDATED COMPENSATION STUDY ON AUGUST 24, 2024 FOR THE NEXT TAX YEAR. KEY DELIBERATIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN MINUTES WHICH ARE APPROVED AT THE NEXT COMMITTEE MEETING. DOCUMENTATION INCLUDES THE TERMS OF THE DELIBERATIONS AND THOSE WHO VOTED ON IT, AND A DESCRIPTION OF THE COMPARABILITY DATA RELIED UPON AND HOW IT WAS OBTAINED. THE PROCESS FOR DETERMINING COMPENSATION PACKAGES FOR OTHER OFFICERS AND KEY EMPLOYEES IS THE SAME AS THE PROCESS FOR THE UNIVERSITY PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE UNIVERSITY MAKES IT FINANCIAL STATEMENTS AVAILABLE ON THE UNIVERSITY'S WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: ANNUITY ADJUSTMENT 435,932. CHAPMAN UNIVERSITY CHARITABLE GIVING LLC ONE UNIVERSITY DRIVE ORANGE CA 92866 330918653 FUNDRAISING CA 1749 77755 CHAPMAN UNIV CHAPMAN BOND GUARANTOR LLC ONE UNIVERSITY DRIVE ORANGE CA 92866 851381204 LENDING CA 0 32000000 CHAPMAN UNIV 16355 LAGUNA CANYON ROAD LLC ONE UNIVERSITY DRIVE ORANGE CA 92866 872329464 REAL ESTATE CA 0 0 CHAPMAN UNIV CHAPMAN UNIVERSITY FOUNDATION ONE UNIVERSITY DRIVE ORANGE CA 92866 300563618 SUPPORTING CA 501(C)(3) 11A CHAPMAN UNIV 1 CHAPMAN UNIVERSITY ENTERPRISE INC ONE UNIVERSITY DRIVE ORANGE CA 92866 371668103 FILM PRODUCTION DE CHAPMAN UNIV C 340887 1.00000 1 POOLED REMAINDER UNITRUST (13) TRUST CA CHAPMAN UNIV T 0 POOLED INCOME FUND (1) TRUST CA CHAPMAN UNIV T 0 CHARITABLE GIFT ANNUITIES (19) TRUST CA CHAPMAN UNIV T 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 CHAPMAN BOND GUARANTOR LLC E 32000000 LOAN BALANCE