2023-05-10T17:41:00-05:00 2022-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2021-07-01 951643389 UNIVERSITY OF REDLANDS UNIV 9097488180 PO BOX 3080 REDLANDS CA 923730999 KEVIN DYERLY VP FINANCE/CFO 9097488180 2022-02-28 1 KEVIN DYERLY 999009999 TRACY S PAGLIA P00366884 2099556100 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KRISTA L NEWKIRK PO BOX 3080 REDLANDS CA 923730999 401385169 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. 34 34 2308 1400 325480 152114 18360554 24644662 163073861 174576237 15916191 22663877 80704 209830 197431310 222094606 75890726 72478860 0 0 72903567 69780544 0 0 2623873 47178247 60312845 195972540 202572249 1458770 19522357 515306754 479046855 106251884 98257273 409054870 380789582 X WE WELCOME, EDUCATE, AND EMPOWER A DIVERSE COMMUNITY OF LEARNERS FOR LIVES OF MEANING, IMPACT, AND JOY. 0 0 72478860 72478860 0 SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 2,600 STUDENTS 48185862 0 169313463 INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 2,600 FULL-TIME AND PART-TIME STUDENTS 28810563 0 5184496 STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS 18470867 74809 PUBLIC SUPPORT AND STUDENT SERVICES. 18470867 74809 167946152 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 6214 0 1 2308 1 1 1 1 AU 0 0 0 0 1 2 0 0 0 1 0 X 34 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KEVIN DYERLY VP FINANCECFO 9097488180 1200 E COLTON AVENUE ADMIN 302 REDLANDS CA 92373 RALPH KUNCL FORMER PRESIDENT 40.00 X 1093614 0 135855 KATHY OGREN PROVOST 60.00 X 304286 0 30336 KRISTA L NEWKIRK PRESIDENT 70.00 X 288298 0 36098 KEVIN DYERLY VP FINANCE/CFO 60.00 X 271328 0 23928 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 55.00 X 268822 0 11415 TAMARA MICHEL VP ADVANCEMENT (THRU 06/22) 55.00 X 239772 0 18481 MICHELLE ROGERS VP ADMINISTRATION 55.00 X 234659 0 21132 MARIO MARTINEZ DEAN, SCHOOL OF EDUCATION 55.00 X 205482 0 23441 JEN THOMPSON CHIEF OF STAFF & SECRETARY TO BOARD 60.00 X 203875 0 22751 DONNA EDDLEMAN DEAN, STUDENT AFFAIRS 55.00 X 190848 0 16693 BRENT GERATY GENERAL COUNSEL (THRU 10/21) 55.00 X 187362 0 19152 WENDY FARLEY PROFESSOR 55.00 X 165764 0 16654 STEVE WUHS - INTERIM DEAN COLLEGE OF ARTS & SCIENCES 55.00 X 155498 0 24692 GABRIELLE SINGH INTERIM VP ADVANCEMENT (AS OF 06/22) 55.00 X 151084 0 23943 MIKA ONO CHIEF COMM OFFICER (THRU 02/22) 55.00 X 161685 0 12475 CORY NOMURA FORMER VP FINANCE AND ADMINISTRATION 0.00 X 162500 0 4167 WALTER HUTCHENS PROFESSOR 55.00 X 162761 0 3899 MARA WINICK PROFESSOR 55.00 X 163416 0 2235 GEORGE KEITH ROBERTS FORMER ASSOC DEAN SCHOOL OF BUSINESS 40.00 X 118229 0 31 JAMISON ASHBY CHAIR - TRUSTEE 6.00 X X 0 0 0 SABINE ROBERTSON-PHILLIPS FIRST VICE-CHAIR - TRUSTEE 4.00 X X 0 0 0 DARREN ROSE SECOND VICE-CHAIR - TRUSTEE 4.00 X X 0 0 0 BRAD ADAMS TRUSTEE 4.00 X 0 0 0 LUANN BANGSUND TRUSTEE 2.00 X 0 0 0 JANET BERCKEFELDT TRUSTEE 2.00 X 0 0 0 BRADLEY BERG TRUSTEE 2.00 X 0 0 0 CAROLE BESWICK TRUSTEE 4.00 X 0 0 0 LARRY BURGESS TRUSTEE 2.00 X 0 0 0 WILLIAM CAHILL TRUSTEE 2.00 X 0 0 0 BRUCE CAVARNO TRUSTEE 2.00 X 0 0 0 DAVID ENZMINGER TRUSTEE 4.00 X 0 0 0 RICHARD FISHER TRUSTEE 2.00 X 0 0 0 JAVIER GARCIA TRUSTEE 2.00 X 0 0 0 BECKY CAMPBELL GARNETT TRUSTEE 2.00 X 0 0 0 THOMAS GILMER TRUSTEE 2.00 X 0 0 0 KENNETH HALL TRUSTEE (THRU 06/22) 2.00 X 0 0 0 DAN HANSON TRUSTEE 2.00 X 0 0 0 ROBERT HARRIS TRUSTEE 2.00 X 0 0 0 TEENA HOSTOVICH TRUSTEE 2.00 X 0 0 0 FRAN INMAN TRUSTEE (THRU 06/22) 4.00 X 0 0 0 JEANNIE KIM TRUSTEE 4.00 X 0 0 0 LELAND LAUNER TRUSTEE (THRU 06/22) 2.00 X 0 0 0 EUGENE MITCHELL TRUSTEE 2.00 X 0 0 0 BRIAN MURPHY TRUSTEE 4.00 X 0 0 0 ROBERT ODA TRUSTEE 4.00 X 0 0 0 COLIN ROMER TRUSTEE 2.00 X 0 0 0 JOESPH RULISON TRUSTEE (THRU 06/22) 4.00 X 0 0 0 JAMES SCHROEDER TRUSTEE 2.00 X 0 0 0 CHRIS STRAND TRUSTEE (THRU 06/22) 4.00 X 0 0 0 RONALD TROUPE TRUSTEE 2.00 X 0 0 0 CANDACE UNRUH TRUSTEE 2.00 X 0 0 0 MARY VIVANCO TRUSTEE 2.00 X 0 0 0 CHARLES WILKE TRUSTEE (THRU 06/22) 4.00 X 0 0 0 4729283 0 447378 158 1 1 0 KAR CONSTRUCTION INC 1306 W BROOKS ST ONTARIO CA 91762 CONSTRUCTION 3945961 HARVEST TABLE CULINARY GROUP 2400 MARKET ST PHILADELPHIA PA 19103 FOOD SERVICES 3913079 KEYPATH EDUCATION LLC 220 N SMITH ST STE 210 PALATINE IL 60067 ONLINE SERVICE 1344506 EDUVANTIS LLC 120 S LASALLE ST STE 1515 CHICAGO IL 60603 MARKETING 1084994 CARNEGIE DARTLET LLC 210 LITTLETON RD STE 100 WESTFORD MA 01886 MARKETING AND ENROLLMENT 701982 51 9570739 15073923 8406751 24644662 TUITION & FEES 611600 167748879 167748879 AUXILIARY PROGRAMS 611600 5187865 5184396 3469 ASSOCIATED STUDENT 611600 829488 829488 CONFERENCES 611600 735196 735196 STUDENT LOAN INTEREST 611600 74809 74809 174576237 7800493 300935 7499558 144463 144463 367007 301640 65367 65367 21076 44291 193852307 178988923 14863384 14863384 14863384 222094606 174572768 325480 22551696 72232946 72232946 245914 245914 3191138 918994 1865990 406154 55720 55720 55440022 43856647 10362406 1220969 711775 543127 148910 19738 6141046 4685987 1284768 170291 4240843 3236017 887227 117599 208550 93 208457 186609 186609 1415766 1415766 3518204 1265550 2223336 29318 4388504 3632982 580362 175160 2958809 1316806 1513510 128493 2894030 2199463 611219 83348 8804988 2660683 6144077 228 1794875 1514584 243328 36963 116918 86792 27581 2545 1910818 1910818 10477974 10477974 1948296 1628386 281521 38389 STUDENT PROGRAMS 12266031 11314881 792994 158156 FOOD SERVICE 5654068 5544139 83011 26918 BAD DEBT 533061 156834 376227 MEMBERSHIPS 299936 82384 216362 1190 935408 344969 582025 8414 202572249 167946152 32002224 2623873 3853489 4002936 10063076 7100829 8920270 7658783 2931566 3653332 912133 446081 83630 124120 1446330 2455049 360400303 190747011 167899958 169653292 103847086 94610191 203214124 177260092 4367501 3659868 7767591 8422282 515306754 479046855 14959778 12304676 6055039 5650969 54864016 52165771 30373051 28135857 106251884 98257273 X 113873878 110839380 295180992 269950202 409054870 380789582 515306754 479046855 X 19522357 -48249635 461990 X 0 1 X 1 1 1 X 9874503 14373024 17783099 18265978 24644662 84941266 9874503 14373024 17783099 18265978 24644662 84941266 7324055 77617211 4265810 5549741 6291670 5367797 7688313 29163331 150939 48913 271117 470969 114575566 897317217 0.67740 0.65400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 275778048 7080262 -24779439 3888519 6549850 247640502 225444728 6425553 53904519 3588809 6407943 275778048 192053177 39703619 2127082 2668272 5770878 225444728 184757923 4218243 8337047 2270990 2989046 192053177 175501343 4422241 9742772 1989419 2919014 184757923 0.05270 0.80010 0.14720 0 0 25692258 25692258 27584300 266994137 166898822 127679615 15254876 8870227 6384649 19421852 14977962 4443890 5452880 5452880 169653292 4472430 F 1176531 F OTHER INVESTMENTS 38524 C ASSETS HELD BY OTHERS 1242271 F PRIVATE EQUITY PSHIPS 15085132 F INFLATION HEDGING 25509979 F COMMON TRUST FUNDS 26003807 F GLOBAL EQUITIES 47696879 F FIXED INCOME 56034539 F 177260092 RESERVE FOR ANNUITIES PAYABLE 121635 REFUNDABLE U.S. GOVT STUDENT LOANS 5249127 LIABILITY FOR TRUSTS PAYABLE 9293990 ASSET RETIREMENT OBLIGATION 1809130 UNEARNED REV - POOLED INCOME FUND 1068002 OPERATING LEASE LIABILITIES 6194553 FINANCE LEASE LIABILITIES 1031304 LINE OF CREDIT 3368116 28135857 X 99968119 -48249635 -48249635 148217754 1261807 72615045 73876852 222094606 128233407 0 128233407 1261807 73077035 74338842 202572249 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, 2022 AND 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 72,478,860. ASSOCIATED STUDENT REVENUE 829,488. BOOK/TAX DIFFERENCE FROM K-1 300,935. PLEDGE WRITE OFF 150,564. CHANGE IN ASSET RETIREMENT OBLIGATIONS -1,144,802. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 72,478,860. ASSOCIATED STUDENT EXPENSES 598,175. 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 EUROPE 1 1 PROGRAM SERVICES UNDERGRADUATE STUDY ABROAD 696875 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 7080667 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS IN REGION 36170 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS IN REGION 116350 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN REGION 49000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS IN REGION 31900 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN REGION 12494 1 1 0 0 1 1 8023456 0 8023456 SCHOLARSHIPS NORTH AMERICA 2 36170 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 7 116350 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS SOUTH ASIA 2 49000 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 1 31900 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS SUB-SAHARAN AFRICA 3 12494 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. PART III ACCOUNTING METHOD: 1 UNDERGRADUATE NEED BASED SCHOLARSHIPS 1671 54184530 UNDERGRADUATE MERIT SCHOLARSHIPS 836 17650063 GRADUATE NEED BASED SCHOLARSHIPS 84 398353 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. X X X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 RALPH KUNCL FORMER PRESIDENT 240969 0 0 0 852645 0 110000 0 25855 0 1229469 0 473025 0 KATHY OGREN PROVOST 304286 0 0 0 0 0 0 0 30336 0 334622 0 0 0 KRISTA L NEWKIRK PRESIDENT 235354 0 0 0 52944 0 11932 0 24166 0 324396 0 0 0 KEVIN DYERLY VP FINANCE/CFO 266383 0 0 0 4945 0 0 0 23928 0 295256 0 0 0 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 267634 0 0 0 1188 0 0 0 11415 0 280237 0 0 0 TAMARA MICHEL VP ADVANCEMENT (THRU 06/22) 239358 0 0 0 414 0 0 0 18481 0 258253 0 0 0 MICHELLE ROGERS VP ADMINISTRATION 234389 0 0 0 270 0 0 0 21132 0 255791 0 0 0 MARIO MARTINEZ DEAN, SCHOOL OF EDUCATION 189441 0 0 0 16041 0 0 0 23441 0 228923 0 0 0 JEN THOMPSON CHIEF OF STAFF & SECRETARY TO BOARD 199788 0 0 0 4087 0 0 0 22751 0 226626 0 0 0 DONNA EDDLEMAN DEAN, STUDENT AFFAIRS 190074 0 0 0 774 0 0 0 16693 0 207541 0 0 0 BRENT GERATY GENERAL COUNSEL (THRU 10/21) 187017 0 0 0 345 0 0 0 19152 0 206514 0 0 0 WENDY FARLEY PROFESSOR 165210 0 0 0 554 0 0 0 16654 0 182418 0 0 0 STEVE WUHS - INTERIM DEAN COLLEGE OF ARTS & SCIENCES 155281 0 0 0 217 0 0 0 24692 0 180190 0 0 0 GABRIELLE SINGH INTERIM VP ADVANCEMENT (AS OF 06/22) 150885 0 0 0 199 0 0 0 23943 0 175027 0 0 0 MIKA ONO CHIEF COMM OFFICER (THRU 02/22) 161091 0 0 0 594 0 0 0 12475 0 174160 0 0 0 CORY NOMURA FORMER VP FINANCE AND ADMINISTRATION 0 0 0 0 162500 0 4167 0 0 0 166667 0 0 0 WALTER HUTCHENS PROFESSOR 162493 0 0 0 268 0 0 0 3899 0 166660 0 0 0 MARA WINICK PROFESSOR 162521 0 0 0 895 0 0 0 2235 0 165651 0 0 0 GEORGE KEITH ROBERTS FORMER ASSOC DEAN SCHOOL OF BUSINESS 118083 0 0 0 146 0 0 0 31 0 118260 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. DURING THE YEAR, THE PRESIDENT RECEIVED GROSS UP PAYMENTS FOR MOVING EXPENSES. THE PAYMENT IS INCLUDED IN TAXABLE COMPENSATION. 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 KRISTA NEWKIRK, PRESIDENT, AND KEVIN DYERLY, VP FINANCE/CFO. THE PERSONAL USE PORTION OF THE VALUE OF THE COUNTRY CLUB DUES IS INCLUDED IN REPORTABLE (TAXABLE) COMPENSATION FOR THESE EMPLOYEES ON FORM 990. PART I, LINES 4A-B LINE 4B - DURING THE YEAR, CORY NOMURA, FORMER SENIOR VP FINANCE AND ADMINISTRATION RECEIVED A SEVERANCE PAYMENT OF $162,500 AND RALPH KUNCL, FORMER PRESIDENT RECEIVED A SEVERANCE PAYMENT OF $248,961. LINE 4B - RALPH KUNCL, FORMER PRESIDENT, AND CORY NOMURA, FORMER SENIOR VP FINANCE AND ADMINISTRATION, PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). RALPH KUNCL'S FY 2021-2022 DEFERRED COMPENSATION WAS FORFEITED DUE TO HIS DEPARTURE FROM THE UNIVERSITY EFFECTIVE JULY 1, 2021. CORY NOMURA'S FY 2021-2022 DEFERRED COMPENSATION WAS FORFEITED DUE TO HIS DEPARTURE FROM THE UNIVERSITY EFFECTIVE JULY 1, 2020. DEFERRED COMPENSATION IS SUBJECT TO CONTINUAL EMPLOYMENT THROUGH THE VESTING PERIOD EXCEPT FOR IN THE EVENT OF DEATH OR FULL PERMANENT DISABILITY. CONTRIBUTIONS TO THE 457(F) PLAN FOR R. KUNCL AND C. NOMURA IN THE CURRENT YEAR WERE $110,000 AND $4,167, RESPECTIVELY, AND ARE INCLUDED IN "RETIREMENT AND OTHER DEFERRED COMPENSATION" ON SCHEDULE J, PART II. RALPH KUNCL, FORMER PRESIDENT RECEIVED A DISTRIBUTION FROM THE 457(F) PLAN OF $473,025 IN THE CURRENT YEAR WHICH IS INCLUDED IN "OTHER REPORTABLE COMPENSATION AND "COMPENSATION REPORTED ON A PRIOR YEAR RETURN" ON SCHEDULE J, PART II. 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 A 11275000 36031337 499548 35531789 2015 1 1 1 1 B 2290000 33959563 440633 33518930 2016 1 1 1 1 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 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 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. X 1 1000 FMV X 50 945094 FMV X 3 7364610 APPRAISALS X MISCELLANEOUS ITEMS 1 94347 FMV X MUSICAL INSTRUMENTS 2 1700 FMV 2 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 HIRES REAL ESTATE AGENTS TO SELL DONATIONS OF REAL ESTATE. 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 A, LINE 2 RALPH KUNCL AND JOSEPH RULISON - BUSINESS RELATIONSHIP 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 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. 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: NET ASSOCIATED STUDENT REVENUE/EXPENSES -231,313. BOOK/TAX DIFFERENCE FROM K-1 -300,935. PLEDGE WRITE OFF -150,564. CHANGE IN ASSET RETIREMENT OBLIGATIONS 1,144,802. REDLANDS PROPERTY MANAGEMENT INC PO BOX 3080 REDLANDS CA 92373 330423448 TITLE HOLDING CA 0 0 UNIVERSITY OF REDLANDS REDLANDS PROPERTY MANAGEMENT TRUST PO BOX 3080 REDLANDS CA 92373 336089947 TITLE HOLDING CA 0 0 UNIVERSITY OF REDLANDS ZANJA LLC PO BOX 3080 REDLANDS CA 92373 951643389 TITLE HOLDING CA 0 0 UNIVERSITY OF REDLANDS ALEXANDER MONTGOMERY FOUNDATION 1200 EAST COLTON AVENUE PO BOX 3080 REDLANDS CA 923730999 813850170 RECEIVED DONATIONS FOR SFTS PRIOR TO MERGER CA 501(C)(3) LINE 12A, TYPE I UNIVERSITY OF REDLANDS 1 POOLED INCOME FUND (1) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 CHARITABLE REMAINDER UNITRUSTS (6) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 CHARITABLE REMAINDER TRUSTS (3) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0