2023-04-25T11:49:09-05:00 2022-06-30 363990892 Capin Crouse LLP 3200 Guasti Road Suite 230 Ontario CA 91761 990 2021-07-01 951644035 Point Loma Nazarene University POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 Joseph D LaLuzerne VP of Finance 6198492200 2023-04-25 1 Joseph LaLuzerne 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Robert Brower 3900 Lomaland Drive San Diego CA 92106 169790704 0 X www.pointloma.edu X 1918 CA Non-profit Christian university. 24 21 2231 23 0 0 16661712 15990043 138569173 152170985 2101718 1383611 96833 181125 157429436 169725764 37587867 43037832 0 0 68926697 69633395 0 0 1706498 37524782 46466194 144039346 159137421 13390090 10588343 230972693 249479852 88291706 97034900 142680987 152444952 X See Schedule OPoint Loma Nazarene University exists to provide higher education in a vital Christian community where minds are engaged and challenged, character is modeled and formed, and service becomes an expression of faith. We aspire to be a learning community where grace is foundational, truth is pursued, and holiness is a way of life. 0 0 70942319 43037832 129352849 Instructional activities, including student aid, prepare students to address the complex issues facing our world today with integrity and forward thinking. PLNU graduates enter the workforce prepared to influence our world for good. PLNU serves more than 4,600 students offering more than 50 undergraduate areas of study and 12 graduate programs throughout Southern California. 16998149 20090225 Student Services enriches the student experience and resources like the Offices of Strengths and Vocation, the Wellness Center, Outdoor Leadership and Recreation, Spiritual Development, and Student Financial Services. 15906199 2727911 Academic Support bolsters PLNU students' academic experience through resources like the Tutorial Center, PLNU's Ryan Library, Information Technology Services, and Media and Technology. 103846667 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 0 0 1 7156 0 1 2231 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Jim Bergherm 6198492429 3900 Lomaland Drive San Diego CA 92106 Robert Brower President 40.00 1.00 X X 388811 0 50575 Alison Reaser Chief Economist 40.00 X 272850 0 29820 Kerry Fulcher Provost 40.00 X 225286 0 58209 Joseph D LaLuzerne VP of Finance 40.00 1.00 X 203680 0 55429 Kelly Smith VP of University Advancement 40.00 1.00 X 182860 0 56937 Corey Fling Chief Information Officer 40.00 X 163549 0 34633 Dan Bothe School Dean 40.00 X 163216 0 29398 Catherine Smith VP of Student Dev 40.00 X 156826 0 20697 Douglas Pierce Chair 1.00 1.00 X X 0 0 0 Rick Power Vice Chair 1.00 X X 0 0 0 Ken Baruth Secretary 1.00 X X 0 0 0 Steven R Scott Trustee 1.00 X 0 0 0 Jan Stone Trustee 1.00 X 0 0 0 Larry Fry Trustee 1.00 X 0 0 0 Jose Hernandez Trustee 1.00 X 0 0 0 John Nells Trustee 1.00 X 0 0 0 Rob Songer Trustee 1.00 X 0 0 0 Mendell Thompson Trustee 1.00 1.00 X 0 0 0 Kordell Kekoa Trustee 1.00 X 0 0 0 Daryl C Nicholson Trustee 1.00 1.00 X 0 0 0 Matt Robertson Trustee 1.00 X 0 0 0 Nell Becker Sweeden Trustee 1.00 X 0 0 0 Gary Smee Trustee 1.00 1.00 X 0 0 0 Dan Spaite Trustee 1.00 X 0 0 0 Rene Bravo Trustee 1.00 X 0 0 0 Moises Champo Trustee 1.00 X 0 0 0 Lawrence Lacher Trustee 1.00 X 0 0 0 Dan Chung Trustee 1.00 X 0 0 0 Steve Swartz Trustee 1.00 X 0 0 0 Kimberly Alexander Trustee 1.00 X 0 0 0 Jonna Knox Schengel Trustee 1.00 X 0 0 0 1757078 0 335698 95 0 1 0 Sodexo Dept 880328 Los Angeles CA 92121 Cafeteria Contractor 7098456 Bycor General Contractors Inc 6490 Marindustry Dr Ste A Sna Diego CA 92121 Construction Contractor 4479366 Red Door Interactive Inc 350 10th Ave Ste 100 San Diego CA 92101 Media Contractor 1835414 Workday Inc PO Box 396106 San Francisco CA 94139 ERP Software/Services 843840 Harley Ellis Devereaux Corporation PO Box 8294 Pasadena CA 91109 Architectural/Engineering Services 382678 62 57087 4636500 11296456 56809 15990043 Tuition and fees 611710 129352849 129352849 Auxiliary revenue 611710 20090225 20090225 Other program revenue 611710 2727911 2727911 152170985 1173050 1173050 161291 0 161291 161291 161291 250535 39974 210561 210561 210561 44800 57087 24966 19834 19834 169725764 152170985 0 1564736 2032953 2032953 41004879 41004879 1035932 498724 537208 116872 116872 53790011 40584566 12155387 1050058 2865143 2179202 620563 65378 7380511 4393375 2841233 145903 4444926 3310495 1064284 70147 340332 9738 330910 -316 107279 107279 38936 38936 5028047 2856832 2074148 97067 2545818 591681 1916312 37825 2581129 1784890 728668 67571 2686034 609482 1972951 103601 10824567 438549 10383791 2227 2201392 1728797 421128 51467 144534 95107 45763 3664 1576297 858 1575439 7514592 606 7513986 1326342 89234 1236275 833 Cafeteria Contractor 5258957 5258257 700 Equipment 1213816 430780 780549 2487 Equipment Rental 448002 109864 338138 2630120 979183 1643051 7886 159137421 103846667 53584256 1706498 8901878 25405459 31259744 33784200 5250207 5129217 3743299 3381342 922466 2979603 1674529 2370435 215086169 84220003 130506963 130866166 41744277 39215999 2310051 2058520 4659279 4288911 230972693 249479852 10652614 9993321 8070316 7253814 56228428 62515868 1441930 1653729 11898418 15618168 88291706 97034900 X 136727072 144336523 5953915 8108429 142680987 152444952 230972693 249479852 10588343 -824378 0 X 0 1 X 1 1 1 X 4871806 5953545 8797534 16661712 15990043 52274640 4871806 5953545 8797534 16661712 15990043 52274640 4041763 48232877 1411633 1749082 1890927 1288446 1334341 7674429 96833 19834 116667 60065736 713416534 0.80300 0.81700 X Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify that the School qualifies under public charity status section (170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1851 1851 0 Part II-B, Line 1: The University is a member of the Association of Independent California Colleges and Universities. 10% of the membership fees paid go towards lobbying efforts. 70249099 4370852 -4755201 1138173 784700 67941877 61666559 2118683 8128852 874730 790265 70249099 61089032 1668019 461113 697203 854402 61666559 61133217 2950788 -569037 730399 1695537 61089032 55740428 3676193 2744985 1028389 61133217 0.45430 0.54570 0 1 1 5833045 5833045 185921186 69796581 116124605 17377131 12001491 5375640 5954807 2421931 3532876 130866166 Payable to related exempt organization 15619674 Charitable trusts and annuities payable -1506 15618168 Part V, Line 4: Endowment funds are held by Point Loma Nazarene University Foundation, a related tax-exempt organization. The endowment funds are maintained to provide scholarships and support the general operations of the Foundation and University. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Published annually in The San Diego Union-Tribune. Schedule E, Part I, Line 6 The University receives funding from the federal government and as a result is required to comply with various regulations related to those funding programs. In FYE 6/30/22, the University received Higher Education Emergency Relief Funding (HEERF) from the U.S. Department of Education. Alumni & Friends Golf Tournament 45095 23255 21840 300 224 180 558 Color the Future banquet 25222 25222 2 31570 8610 22960 1955 1738 20011 101887 57087 44800 300 2179 180 1738 20569 24966 19834 1 Point Loma Nazarene Univeristy Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 501(c)(3) 2032953 0 Scholarships 1 0 Student Scholarships/Awards 2460 36885689 HEERF 5186 4119190 Part I, Line 2: The University awards grants, scholarships, and student loans based on various predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. Amounts are applied directly to student accounts, and no cash changes hands. The University also grants funds to its supporting organization, Point Loma Nazarene University Foundation. The use of these funds is monitored through direct oversight of the Foundation. The finance department of the University maintains the books and records of the Foundation. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 Robert Brower President 378736 0 1252 0 8823 0 30354 0 20936 0 440101 0 0 0 Alison Reaser Chief Economist 224515 0 1290 0 47045 0 19664 0 10910 0 303424 0 0 0 Kerry Fulcher Provost 223734 0 1290 0 262 0 18012 0 40970 0 284268 0 0 0 Joseph D LaLuzerne VP of Finance 202398 0 1282 0 0 0 16471 0 39462 0 259613 0 0 0 Kelly Smith VP of University Advancement 181533 0 1282 0 45 0 15229 0 42305 0 240394 0 0 0 Corey Fling Chief Information Officer 159401 0 1282 0 2866 0 14093 0 21145 0 198787 0 0 0 Dan Bothe School Dean 145170 0 1282 0 16764 0 13795 0 16344 0 193355 0 0 0 Catherine Smith VP of Student Dev 136214 0 679 0 19933 0 10700 0 10749 0 178275 0 0 0 Part I, Line 1a The University provides housing for the Chief Economist. This housing is paid for directly by the University and is treated as taxable wages included in reportable compensation. The University reimburses the President for the cost of house cleaning or landscaping expenses when his residence is used for University business. Part I, Line 7 Discretionary bonuses were awarded to employees based on their full time equivalency. These bonuses were approved by the Board. A California Municipal Finance Authority 201563466 2020-08-27 64837500 Fixed rate loan - Refinance of the 5/1/14 Bonds 0 0 0 A 2065187 64837500 278758 22550445 42008297 2018 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 DRC Partners Trustee Daryl Nicholson owns more than 35% of DRC Partners. Business loan for purchase of property to be used as extension campus X 5000000 3381342 0 1 1 3381342 Alisha Brower Family of Robert Brower, President 35603 W-2 Employee 0 DRC Partners Trustee Daryl Nicholson owns more than 35% of DRC Partners. 620878 Rental payment for space leased to PLNU netted with interest payments from DRC Partners 0 Stephanie Matthews Family of Doug Pierce, Trustee 81269 W-2 Employee 0 Schedule L Part II, Explanation of loan to DRC Partners: During the tax year ended 6/30/2015, the University made a $3,500,000 loan to DRC Partners. There was no similar loan in prior years. Legal counsel was consulted during the formation of the loan. In February 2017 this loan was increased to $5,000,000. X 1 3500 Similar sales X 6 39974 Sales price X Instruments 3 13000 Similar sales X Food 2 335 Cost 1 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1a The governing board has an Executive Committee which, with several specific exceptions, has the authority to act for the board on all matters should the Executive Committee determine that it would be imprudent to wait for the next board meeting to take action. The committee is composed of the chairs of the standing committees (except for the audit and risk management committees), the University President, the President of the PLNU Foundation, and the officers of the board (the Chair, Vice Chair, and Secretary.) The board, through its policy manual and various adopted resolutions, has delegated specific levels of responsibility and authority to the University President in order to enable him and others at the University to make timely operational decisions. The President works with an administrative cabinet that has been hired by the President and approved by the board in carrying out his delegated responsibilities and in operating the University on a day to day basis. The President's Cabinet consists of Robert Brower, President; Joe LaLuzerne, Chief Financial Officer; Kerry Fulcher, Provost; Mary Paul, Vice President for Student Life and Formation; Jeff Bolster, Vice President for University Services; and Kelly Smith, Vice President for University Advancement. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm, reviewed in detail by the finance team, and distributed to the board of trustees prior to being filed with the IRS. Form 990, Part VI, Section B, line 12c Conflict of interest statements are completed annually by all members of the governing body, as well as officers and key employees. The statements are reviewed by the Chairman of the Audit Committee of the Board of Trustees. The finance team also monitors all transactions for potential conflicts of interest. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Each year at the spring board meeting of the University's Board of Trustees, the Executive Committee of the board receives a report in executive session from the Associate Vice President for Human Resources which compares the salaries of the University President and senior administrators (the Administrative Cabinet) to salaries for similar positions using four different salary surveys. Following discussion of this information, the Executive Committee takes action to set the salaries of the President and Administrative Cabinet for the following year, subject to approval of the full board, and records this action in the minutes of its meeting. Form 990, Part VI, Section C, line 19 The organizing documents, conflict of interest policy, and the financial statements are available upon request. Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 Support Point Loma Nazarene University CA 501(C)(3) Line 12a - Type I Point Loma Nazarene University 1 Charitable Remainder Trust (3) Hold assets and remit income to University CA Point Loma Nazarene University 1 Charitable Remainder Unitrust (4) Hold assets and remit income to University CA Point Loma Nazarene University 1 Pooled Income Fund (4) Hold assets and remit income to University CA Point Loma Nazarene University 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Point Loma Nazarene University Foundation B 2032953 Cost