2025-05-13T19:06:45-05:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 951643389 UNIVERSITY OF REDLANDS UNIV 9097488180 1200 EAST COLTON AVE REDLANDS CA 92373 GRACE CRICKETTE VP FINANCE AND ADMIN/CFO 9097488180 2025-05-15 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2025-05-13 2023 2025-03-06 01:10:19Z KRISTA L NEWKIRK 1200 EAST COLTON AVE REDLANDS CA 92373 295760419 0 X WWW.REDLANDS.EDU X 1907 CA THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT LIBERAL ARTS AND SCIENCES UNIVERSITY COMMITTED TO A MISSION THAT WELCOMES, EDUCATES, AND EMPOWERS A DIVERSE COMMUNITY OF LEARNERS FOR LIVES OF MEANING, IMPACT, AND JOY. 32 32 2182 1400 42622 5467 10822539 24618962 164307437 159547993 6434399 15298469 1180197 322697 182744572 199788121 69900939 73173143 0 0 71987108 62716846 0 0 2813802 61086030 60765674 202974077 196655663 -20229505 3132458 518770491 538620588 147361598 147088545 371408893 391532043 X WE WELCOME, EDUCATE, AND EMPOWER A DIVERSE COMMUNITY OF LEARNERS FOR LIVES OF MEANING, IMPACT, AND JOY. 0 0 113397467 68611157 152784043 INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 2,400 FULL-TIME AND PART-TIME STUDENTS. SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TOTALED APPROXIMATELY $69 MILLION FOR THE YEAR ENDED JUNE 30, 2024. 22392093 0 6687773 STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS. 19580893 0 76177 PUBLIC SUPPORT AND STUDENT SERVICES. 4561986 4561986 0 GRANT TO WOODBURY UNIVERSITY. 4561986 4561986 0 159932439 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 5051 0 1 2182 1 1 1 1 AU 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X GRACE CRICKETTE VP FINANCE & ADMINCFO 9097488180 1200 E COLTON AVENUE ADMIN 302 REDLANDS CA 92373 JAMISON ASHBY CHAIR - TRUSTEE 6.00 1.00 X X 0 0 0 DARREN ROSE FIRST VICE CHAIR - TRUSTEE 4.00 0.00 X X 0 0 0 DAVID ENZMINGER SECOND VICE CHAIR - TRUSTEE 4.00 1.00 X X 0 0 0 BRAD ADAMS TRUSTEE 4.00 1.00 X 0 0 0 LUANN BANGSUND TRUSTEE 2.00 0.00 X 0 0 0 JANET BERCKEFELDT TRUSTEE 4.00 0.00 X 0 0 0 BRADLEY BERG TRUSTEE 2.00 0.00 X 0 0 0 CAROLE BESWICK TRUSTEE 2.00 0.00 X 0 0 0 LARRY BURGESS TRUSTEE 2.00 0.00 X 0 0 0 LISA CANO BURKHEAD TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM CAHILL TRUSTEE 2.00 0.00 X 0 0 0 BRUCE CAVARNO TRUSTEE 2.00 0.00 X 0 0 0 DAVID DANIELSON TRUSTEE (THRU 06/24) 4.00 0.00 X 0 0 0 JOE D'ANNA TRUSTEE 2.00 0.00 X 0 0 0 RICHARD FISHER TRUSTEE (THRU 06/24) 2.00 0.00 X 0 0 0 JAVIER GARCIA TRUSTEE 2.00 0.00 X 0 0 0 BECKY CAMPBELL GARNETT TRUSTEE 2.00 0.00 X 0 0 0 THOMAS GILMER TRUSTEE (THRU 06/24) 2.00 0.00 X 0 0 0 KELSEY GORMLEY TRUSTEE (THRU 06/24) 2.00 0.00 X 0 0 0 ADAM GOTTLIEB TRUSTEE 2.00 0.00 X 0 0 0 KEN HALL TRUSTEE 2.00 0.00 X 0 0 0 DAN HANSON TRUSTEE 2.00 0.00 X 0 0 0 ROBERT HARRIS TRUSTEE 4.00 0.00 X 0 0 0 TEENA HOSTOVICH TRUSTEE 2.00 0.00 X 0 0 0 KIM STAFFORD KORINKE TRUSTEE 2.00 0.00 X 0 0 0 ON LU TRUSTEE 2.00 0.00 X 0 0 0 ELSA LUNA TRUSTEE 2.00 0.00 X 0 0 0 EUGENE MITCHELL TRUSTEE 2.00 0.00 X 0 0 0 BRIAN MURPHY TRUSTEE 4.00 0.00 X 0 0 0 SABINE ROBERTSON-PHILLIPS TRUSTEE 4.00 0.00 X 0 0 0 JAMES SCHROEDER TRUSTEE 2.00 0.00 X 0 0 0 CANDICE L UNRUH TRUSTEE 2.00 0.00 X 0 0 0 KRISTA L NEWKIRK PRESIDENT 70.00 2.00 X 655555 0 82996 ADRIENNE MCCORMICK PROVOST 60.00 0.00 X 281961 0 33947 JEN THOMPSON CHIEF OF STAFF & GENERAL SECRETARY 60.00 0.00 X 201635 0 27740 WALTER BRANSON INTERIM VP FINANCE (THRU 03/24) 60.00 0.00 X 166744 0 0 GRACE CRICKETTE VP FINANCE (AS OF 02/24) 60.00 0.00 X 0 0 0 KEVIN DYERLY VP ENROLLMENT 60.00 0.00 X 275543 0 31464 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 55.00 0.00 X 274219 0 17645 KIN SEJPAL CHIEF COMMUNICATIONS OFFICER 55.00 0.00 X 242068 0 14304 DONNA EDDLEMAN DEAN, STUDENT AFFAIRS (THRU 05/24) 55.00 0.00 X 195372 0 22495 KATHY OGREN ASSOC. VP DEVELOPMENT (THRU 06/24) 55.00 0.00 X 178270 0 37205 MICHELLE ROGERS VP ADMINISTRATION (THRU 06/23) 55.00 0.00 X 189801 0 15660 NICOL HOWARD DEAN, SCHOOL OF EDUCATION 55.00 0.00 X 193822 0 5988 CHRISTOPHER OCKER - DEAN GRAD SCH, THEO (THRU 06/23)/PROFESSOR 55.00 0.00 X 176683 0 6881 JED SCHWENDIMAN VP ADVANCEMENT 55.00 0.00 X 164645 0 2642 J CHRISTOPHER JENNINGS GENERAL COUNSEL 55.00 0.00 X 250902 0 30574 LAURA ZAMORA DIRECTOR OF HUMAN RESOURCES (THRU 04/24) 55.00 0.00 X 184930 0 7679 AVIJIT SARKAR PROFESSOR 55.00 0.00 X 159304 0 25575 WENDY FARLEY PROFESSOR 55.00 0.00 X 175074 0 9400 GREGORY THORSON PROFESSOR 55.00 0.00 X 163447 0 11793 4129975 0 383988 168 0 1 0 KAR CONSTRUCTION 1306 W BROOKS STREET ONTARIO CA 91762 CONSTRUCTION 18828666 HARVEST TABLE CULINARY GROUP 2400 MARKET STEET PHILADELPHIA PA 19103 FOOD SERVICES 5806023 BOGH ENGINEERING INC 401 W 4TH STEET BEAUMONT CA 92223 CONSTRUCTION 2752679 GOOGLE INC 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 MARKETING 948412 KANAHOMA 6430 CIBOLA ROAD SAN DIEGO CA 92120 CONSULTING SERVICES 891474 84 11767354 12851608 447689 24618962 TUITION & FEES 611600 149897132 149897132 AUXILIARY PROGRAMS 611600 6687773 6685498 2275 CONFERENCES 611600 2191547 2191547 ASSOCIATED STUDENT 611600 695364 695364 STUDENT LOAN INTEREST 611600 76177 76177 159547993 9715028 7636 9707392 263159 263159 380742 321204 59538 59538 32711 26827 101234535 95651094 5583441 5583441 5583441 199788121 159545718 42622 15580819 4561986 4561986 67983999 67983999 627158 627158 3366745 418017 2783558 165170 243 243 50015357 39913869 8364414 1737074 19916 19147 769 5425585 4223498 1020705 181382 3889000 2947629 803545 137826 1486709 60 1486649 289637 289637 1026641 1026641 3922454 1146092 2571652 204710 5060027 3962950 985062 112015 2636132 1451093 1159684 25355 3098979 2355224 647982 95773 9561543 2815507 6737528 8508 1826302 1670891 127336 28075 128564 117245 10959 360 3274255 3274255 11362649 11362649 2625455 2043392 523857 58206 FOOD SERVICE 6795345 6691334 86310 17701 STUDENT PROGRAMS 5466398 5116947 342583 6868 BAD DEBT 628480 0 628480 MEMBERSHIPS 315735 105123 209525 1087 1260369 398386 829060 32923 196655663 159932439 33909422 2813802 2199476 11192425 5612475 1527028 7171021 5904870 3661791 4477421 271565 988037 85574 90527 2230689 2263647 406251191 206884320 186831227 199366871 126651438 114712693 174184889 189963278 3226160 3297297 6644186 4836494 518770491 538620588 15673564 13917353 4657009 4400053 103059087 102849444 0 6000000 23971938 19921695 147361598 147088545 X 103892305 96233007 267516588 295299036 371408893 391532043 518770491 538620588 X 3132458 18189667 -1198975 X 0 1 X 1 1 1 X 17723099 18265978 24339238 10778563 24618962 95725840 17723099 18265978 24339238 10778563 24618962 95725840 1214210 94511630 6291670 5367797 7688313 8886611 10039312 38273703 48913 267743 2759 6467 325882 972403 972403 135297828 854607401 0.69850 0.65730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN ON BOND ISSUANCE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X 0 251886901 4375923 26492120 4353155 9621466 268780323 247640502 5012197 12606515 4184170 9188143 251886901 275778048 7080262 -24779439 3888519 6549850 247640502 225444728 6425553 53904519 3588809 6407943 275778048 192053177 39703619 2127082 2668272 5770878 225444728 0.05340 0.77190 0.17470 0 0 25692258 25692258 28930000 292921870 183414104 138437766 27815141 10603223 17211918 18035702 12866993 5168709 12856220 12856220 199366871 1192087 F GLOBAL EQUITIES 57936307 F FIXED INCOME 55932955 F COMMON TRUST FUNDS 30858943 F INFLATION HEDGING 30451635 F PRIVATE EQUITY PSHIPS 11084079 F ASSETS HELD BY OTHERS 2465499 F OTHER INVESTMENTS 41773 C 189963278 LIABILITY FOR TRUSTS PAYABLE 12473436 OPERATING LEASE LIABILITIES 2549914 ASSET RETIREMENT OBLIGATION 1908158 REFUNDABLE U.S. GOVT STUDENT LOANS 1540863 RESERVE FOR ANNUITIES PAYABLE 1336665 UNEARNED REV - POOLED INCOME FUND 112659 19921695 X 220178074 18189667 72392752 90582419 129595655 878310 69314156 70192466 199788121 130517629 3856200 3856200 126661429 878310 69115924 69994234 196655663 PART III, LINE 4: THE UNIVERSITY MAINTAINS A LIMITED COLLECTION OF ART AND HISTORICAL TREASURES TO BE USED FOR ACADEMIC AND RESEARCH PURPOSES AS WELL AS PRESERVING COLLECTION ITEMS FOR FUTURE GENERATIONS. UPON THE ADOPTION OF FASB ASC 958, THE UNIVERSITY ELECTED TO CAPITALIZE COLLECTION ITEMS PROSPECTIVELY. SUBSEQUENT TO MAKING THE ELECTION, THE UNIVERSITY HAS NOT RECORDED ANY SIGNIFICANT COLLECTION ITEMS. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED FOR SCHOLARSHIPS, EDUCATIONAL ACTIVITIES AND INSTITUTIONAL SUPPORT PURPOSES. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET INCOME FROM UNRELATED BUSINESS ACTIVITIES, AND FILES FEDERAL AND STATE RETURNS TO REPORT UNRELATED BUSINESS INCOME, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THE UNIVERSITY'S MATERIAL TAX POSITIONS; THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRESIDIO REVENUE BACKOUT 2,731,905. WOODBURY REVENUE BACKOUT 678,802. LOSS ON ASSET RETIREMENT OBLIGATIONS -755,928. ACQUISITION INHERENT CONTRIBUTION - WOODBURY 69,737,973. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 68,611,156. PARTNERSHIP UBI 7,636. ASSOCIATED STUDENT REVENUE 695,364. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRESIDIO EXPENSE BACKOUT 2,929,840. WOODBURY EXPENSE BACKOUT 926,360. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 68,611,156. ASSOCIATED STUDENT EXPENSES 504,768. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLISHES STATEMENTS THAT THE UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMISSIONS PROCESS IN THE UNIVERSITY CATALOG, ADMISSIONS BROCHURES, APPLICATION FORMS, AND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 GRANTS RECEIVED FROM FEDERAL AND STATE AGENCIES FOR FINANCIAL ASSISTANCE TO STUDENTS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5401707 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 2 PROGRAM SERVICES UNDERGRADUATE STUDY ABROAD 698892 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS IN THE REGION 23366 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS IN THE REGION 257436 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS IN THE REGION 108900 NORTH AMERICA - CANADA AND MEXICO 0 0 GRANTS TO RECIPIENTS IN THE REGION 46936 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 25000 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN THE REGION 72355 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 93165 1 2 0 0 1 2 6634592 93165 6727757 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 23366 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 10 257436 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 4 108900 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS NORTH AMERICA (CANADA AND MEXICO) 3 46936 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS SOUTH AMERICA 1 25000 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS SOUTH ASIA 1 72355 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS SUB-SAHARAN AFRICA 2 93165 APPLICATION TO STUDENT ACCOUNT 0 1 0 1 1 1 0 PART I, LINE 2: NEED BASED AID IS AWARDED BASED ON FEDERAL AND/OR STATE ELIGIBILITY REQUIREMENTS AND INSTITUTIONAL AID IS AWARDED ACCORDING TO INSTITUTIONAL POLICY. AMOUNTS OF AID AWARDED ARE IN COMPLIANCE WITH GOVERNING REGULATIONS OR INSTITUTIONAL POLICY. IN COMPLIANCE WITH TITLE IV REGULATIONS, TOTAL AID FROM ALL SOURCES CANNOT EXCEED NEED OR THE ANNUAL COST OF TUITION, REGARDLESS OF THE LEVEL OF NEED. GRANTS AND SCHOLARSHIPS ARE APPLIED DIRECTLY TO A STUDENT ACCOUNT AND FUNDS ARE NOT DISTRIBUTED DIRECTLY TO STUDENTS. OVERPAYMENT OR CREDIT BALANCES OF STUDENT ACCOUNT BALANCES ARE ANALYZED PRIOR TO DISTRIBUTING REFUNDS TO STUDENTS TO ENSURE THAT GRANTS AND SCHOLARSHIPS ARE PROPERLY AWARDED AND UTILIZED FOR EDUCATIONAL PURPOSES. PART I, LINE 3: THE UNIVERSITY MONITORS FOREIGN EXPENDITURES ON A MONTHLY BASIS. ONCE DURING EACH SEMESTER, THE UNIVERSITY OF REDLANDS TRANSFERS EUROS TO THE FOREIGN OFFICE FOR THE ESTIMATED AMOUNT OF THE FOREIGN OFFICE'S EXPENDITURES FOR THE SEMESTER. AT THE END OF EACH MONTH, THE FOREIGN OFFICE SENDS THE UNIVERSITY A LEDGER OF ACTUAL EXPENDITURES AND A CASH RECONCILIATION FOR THE BANK ACCOUNT. THE UNIVERSITY EVALUATES AND RECONCILES THE FOREIGN ACCOUNT CASH BALANCE AND UPDATES THE GENERAL LEDGER MONTHLY BASED ON THE ACTUAL DATA RECEIVED. AT THE END OF EACH SCHOOL YEAR, THE FOREIGN OFFICE PROVIDES THE UNIVERSITY WITH RECEIPTS AND DOCUMENTATION FOR ALL EXPENDITURES FOR THE YEAR. PART III, COL (C): THE NUMBER OF RECIPIENTS ARE DETERMINED BY STUDENT RECORDS. 1 WOODBURY UNIVERSITY 7500 NORTH GLENOAKS BOULEVARD BURBANK CA 91504 952786163 501(C)(3) 4561986 0 MERGER RELATED EXPENSE SUPPORT 1 0 UNDERGRADUATE NEED BASED SCHOLARSHIPS 1491 54083760 UNDERGRADUATE MERIT SCHOLARSHIPS 640 13637471 GRADUATE NEED BASED SCHOLARSHIPS 39 262767 PART I, LINE 2: AS THE SOLE MEMBER OF WOODBURY UNIVERSITY, UNIVERSITY OF REDLANDS CONTRIBUTED $4,561,986 DURING THE YEAR ENDED JUNE 30, 2024, TO PARTIALLY FUND OPERATIONS, INCLUDING PAYROLL OBLIGATIONS, DEBT PAYMENTS, AND LEGAL AND CONSULTING EXPENDITURES RELATED TO THE CHANGE OF CONTROL AND MERGER. NEED BASED AID IS AWARDED BASED ON FEDERAL AND/OR STATE ELIGIBILITY REQUIREMENTS AND INSTITUTIONAL AID IS AWARDED ACCORDING TO INSTITUTIONAL POLICY. AMOUNTS OF AID AWARDED ARE IN COMPLIANCE WITH GOVERNING REGULATIONS OR INSTITUTIONAL POLICY. IN COMPLIANCE WITH TITLE IV REGULATIONS, TOTAL AID FROM ALL SOURCES CANNOT EXCEED NEED OR THE ANNUAL COST OF TUITION, REGARDLESS OF THE LEVEL OF NEED. GRANTS AND SCHOLARSHIPS ARE APPLIED DIRECTLY TO A STUDENT ACCOUNT AND FUNDS ARE NOT DISTRIBUTED DIRECTLY TO STUDENTS. OVERPAYMENT OR CREDIT BALANCES OF STUDENT ACCOUNT BALANCES ARE ANALYZED PRIOR TO DISTRIBUTING REFUNDS TO STUDENTS TO ENSURE THAT GRANTS AND SCHOLARSHIPS ARE PROPERLY AWARDED AND UTILIZED FOR EDUCATIONAL PURPOSES. X X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KRISTA L NEWKIRK PRESIDENT 541059 0 107100 0 7396 0 22577 0 60419 0 738551 0 0 0 ADRIENNE MCCORMICK PROVOST 281547 0 0 0 414 0 9119 0 24828 0 315908 0 0 0 KEVIN DYERLY VP ENROLLMENT 269391 0 0 0 6152 0 8568 0 22896 0 307007 0 0 0 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 273031 0 0 0 1188 0 8639 0 9006 0 291864 0 0 0 J CHRISTOPHER JENNINGS GENERAL COUNSEL 244632 0 0 0 6270 0 7803 0 22771 0 281476 0 0 0 KIN SEJPAL CHIEF COMMUNICATIONS OFFICER 241888 0 0 0 180 0 7234 0 7070 0 256372 0 0 0 JEN THOMPSON CHIEF OF STAFF & GENERAL SECRETARY 201221 0 0 0 414 0 5375 0 22365 0 229375 0 0 0 DONNA EDDLEMAN DEAN, STUDENT AFFAIRS (THRU 05/24) 194608 0 0 0 764 0 6176 0 16319 0 217867 0 0 0 KATHY OGREN ASSOC. VP DEVELOPMENT (THRU 06/24) 177333 0 0 0 937 0 6167 0 31038 0 215475 0 0 0 MICHELLE ROGERS VP ADMINISTRATION (THRU 06/23) 189594 0 0 0 207 0 8636 0 7024 0 205461 0 0 0 NICOL HOWARD DEAN, SCHOOL OF EDUCATION 193612 0 0 0 210 0 5645 0 343 0 199810 0 0 0 LAURA ZAMORA DIRECTOR OF HUMAN RESOURCES (THRU 04/24) 184555 0 0 0 375 0 6605 0 1074 0 192609 0 0 0 AVIJIT SARKAR PROFESSOR 159158 0 0 0 146 0 5118 0 20457 0 184879 0 0 0 WENDY FARLEY PROFESSOR 125056 0 0 0 50018 0 5584 0 3816 0 184474 0 0 0 CHRISTOPHER OCKER - DEAN GRAD SCH, THEO (THRU 06/23)/PROFESSOR 176195 0 0 0 488 0 4857 0 2024 0 183564 0 0 0 GREGORY THORSON PROFESSOR 162944 0 0 0 503 0 4810 0 6983 0 175240 0 0 0 JED SCHWENDIMAN VP ADVANCEMENT 160369 0 0 0 4276 0 2500 0 142 0 167287 0 0 0 WALTER BRANSON INTERIM VP FINANCE (THRU 03/24) 166744 0 0 0 0 0 0 0 0 0 166744 0 0 0 PART I, LINE 1A FOR FLIGHTS THAT EXCEED TWO HOURS IN DURATION, THE PRESIDENT IS APPROVED TO TRAVEL IN BUSINESS CLASS (OR IF NOT AVAILABLE, THEN THE NEXT HIGHER CLASS OF TRAVEL ABOVE COACH). THESE EXPENSES ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE FRINGE BENEFITS. THE PRESIDENT'S SPOUSE IS EXPECTED TO ACCOMPANY THE PRESIDENT ON UNIVERSITY BUSINESS TRAVEL WHERE APPROPRIATE AND THE RELATED TRAVEL EXPENSES ARE NOT A TAXABLE FRINGE BENEFIT. THE UNIVERSITY REQUIRES THE PRESIDENT TO LIVE IN A UNIVERSITY OWNED RESIDENCE. PERSONAL SERVICES PROVIDED TO THE PRESIDENT ARE LIMITED TO CUSTODIAL CLEANING OF THE RESIDENCE. THE RESIDENCE IS WITHIN CLOSE PROXIMITY TO CAMPUS, IS FURNISHED TO THE PRESIDENT FOR THE UNIVERSITY'S CONVENIENCE AS IT HOSTS REGULARLY CARRIED ON BUSINESS ACTIVITIES, AND IS REQUIRED FOR THE PRESIDENT TO ACCEPT AS A CONDITION OF EMPLOYMENT, THUS THE INCOME IS NOT REPORTED AS TAXABLE. THE UNIVERSITY PAID COUNTRY CLUB DUES ON BEHALF OF KEVIN DYERLY, VP ENROLLMENT. THE PERSONAL USE PORTION OF THE VALUE OF THE COUNTRY CLUB DUES IS INCLUDED IN REPORTABLE (TAXABLE) COMPENSATION FOR THIS EMPLOYEE ON FORM 990. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301784X1 2015-01-07 36031337 SEE PART V 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 571705592 130179GU2 2016-04-01 33959563 SEE PART V 0 0 0 C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179UR3 2022-09-08 52640348 SEE PART V 0 0 0 A 19730000 36031337 499548 35531789 2015 1 1 1 1 B 3935000 33959563 440633 33518930 2016 1 1 1 1 C 52640348 3354514 586365 38431107 10268362 0 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/17/2020 ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/08/2021 SCHEDULE K, PART I, COLUMN F: DESCRIPTION OF PURPOSE BOND #1: TO REFUND THE 2003 SERIES A AND 2003 SERIES B CEFA REVENUE BONDS AND PARTIALLY ADVANCE REFUND A PORTION OF THE 2005 SERIES A CEFA REVENUE BONDS. BOND #2: TO REFUND THE 2005 SERIES A AND ADVANCE REFUND THE 2008 SERIES A CEFA REVENUE BONDS. BOND #3: TO FINANCE THE ACQUISITION, CONSTRUCTION, INSTALLATION, IMPROVEMENT, RENOVATION, REHABILITATION, FURNISHING, AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES AND RELATED FACILITIES OF, AND CERTAIN FACILITIES IN SUPPORT OF, THE UNIVERSITY. TO PAY FUNDED INTEREST ON THE 2022A BONDS. BOND #4: TO REFUND AND RESTRUCTURE A PORTION OF THE OUTSTANDING PRINCIPAL AMOUNT OF THE CEFA 2014A AND CEFA 2016A BONDS. X 31 447687 FMV X MISC. ITEMS 2 2 FMV 0 0 1 1 PART I, COLUMN (B): THE QUANTITIES LISTED REPRESENT THE NUMBER OF INSTANCES THAT A CONTRIBUTION OF SUCH PROPERTY WAS RECEIVED. THE NUMBERS DO NOT NECESSARILY REFLECT THE NUMBER OF CONTRIBUTORS OR THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE UNIVERSITY USES THIRD PARTIES TO SELL NON-CASH CONTRIBUTIONS SUCH AS ART AND TANGIBLE PROPERTY NOT USED IN UNIVERSITY OPERATIONS. FORM 990, PART III, LINE 1: MISSION: WE WELCOME, EDUCATE, AND EMPOWER A DIVERSE COMMUNITY OF LEARNERS FOR LIVES OF MEANING, IMPACT, AND JOY. VISION: BY 2032, THE UNIVERSITY OF REDLANDS WILL LEAD CALIFORNIA IN PROVIDING A STUDENT-FOCUSED, PERSONALIZED EDUCATION THAT DRIVES STUDENT SUCCESS. VALUES: EXCELLENCE: WE STRIVE TO DO OUR BEST IN ALL THAT WE PURSUE WHILE EMPOWERING OUR STUDENTS THROUGH SCHOLARSHIP AND THE SKILLS NEEDED TO DEVELOP PROFESSIONAL, CIVIC, AND INTERPERSONAL EXPERTISE. EXPLORATION: WE PURSUE A BETTER UNDERSTANDING AND APPRECIATION OF OURSELVES AND THE WORLD THROUGH ACADEMIC INQUIRY, RESEARCH, EXPERIENTIAL LEARNING, AND COLLEGIAL DISCOURSE. INCLUSIVITY: WE SEEK THE DIFFERENT PERSPECTIVES, EXPERIENCES, CULTURES, BACKGROUNDS, ABILITIES, TALENTS, AND CONTRIBUTIONS THAT COMPRISE A GLOBAL SOCIETY AND WE WORK TO BUILD A STRONG MULTI-DIMENSIONAL, AND SUSTAINABLE COMMUNITY. JUSTICE: WE PROMOTE FAIRNESS, INTEGRITY, LIBERTY, AND EQUITY IN OUR THOUGHTS, SERVICE, AND ACTIONS TO LEAD OUR LOCAL COMMUNITIES AND THE WORLD. KINDNESS: WE FOSTER A COMMUNITY THAT IS FRIENDLY, CONSIDERATE, RESPECTFUL, AND EMPATHETIC AS WE CARE FOR AND SHAPE CITIZENS WHO UNDERSTAND THAT THEIR ACTIONS AND WORDS IMPACT OTHERS. SERVICE: THROUGH SELFLESS ACTS, WE CONTRIBUTE TO THE HEALTH AND WELLNESS OF OTHERS AS WE STRIVE TO CREATE A BETTER SOCIETY AND WORLD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY UNIVERSITY MANAGEMENT, GENERAL COUNSEL AND THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 WITH THE INDEPENDENT ACCOUNTANT AND ACCEPTS THE FILINGS. THE FINAL COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE IS ANNUALLY DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR ADMINISTRATIVE PERSONNEL TO DETERMINE RELATED PARTY/CONFLICT OF INTEREST DISCLOSURES. QUESTIONNAIRE RESPONSES ARE REVIEWED BY MANAGEMENT AND THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES TO DETERMINE IF ANY POTENTIAL CONFLICTS EXIST. FOR ANY IDENTIFIED CONFLICTS, THE BOARD EXPLICITLY REQUIRES THAT THE RELATED PARTY ENTER INTO A BOARD APPROVED CONFLICT MANAGEMENT PLAN TO ENSURE NO CONFLICT OF INTEREST IS PERCEIVED. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS ESTABLISHED ANNUALLY BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE UNIVERSITY UTILIZED AN INDEPENDENT COMPENSATION FIRM TO COMPLETE AN EXECUTIVE COMPENSATION STUDY. COMPARATIVE SALARY AND BENEFIT INFORMATION WAS REVIEWED TO ESTABLISH THE APPROPRIATE LEVEL OF EXECUTIVE COMPENSATION. EXECUTIVE COMPENSATION WAS REVIEWED AND APPROVED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION DELIBERATION AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE. THE MOST RECENTLY CONDUCTED EXECUTIVE COMPENSATION STUDY WAS COMPLETED IN MAY 2020 FOR THE PRESIDENT AND 13 OTHER EXECUTIVE POSITIONS WHICH INCLUDE THE OTHER OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY. 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 REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN ASSET RETIREMENT OBLIGATIONS -755,928. ADJUSTMENT TO PRESIDIO EXPENSES -244,816. K-1 UBI NOT RECORDED FOR BOOKS -7,636. NET ASSOCIATED STUDENT REVENUE/EXPENSES -190,595. 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