2023-05-11T06:10:33-05:00 2022-06-30 363990892 Capin Crouse LLP 3200 Guasti Road Suite 230 Ontario CA 91761 990 2021-07-01 941312349 Corban University CORB 5033757020 5000 Deer Park Drive SE Salem OR 97317 Patricia Shelton VP for Business 5033757020 2023-05-11 1 Patricia Shelton 999009999 Daren Daiga P01074795 5055022746 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Thomas Cornman 5000 Deer Park Drive SE Salem OR 97317 40520842 0 X www.corban.edu X 1935 OR Equip men and women to bring CHARACTER to their communities and COMPETENCE to their careers. 16 15 665 100 0 0 5044268 5217233 35460954 33464350 343741 185692 106867 153003 40955830 39020278 17259002 16536263 0 0 12203799 12405333 0 55000 635407 8347900 9030044 37810701 38026640 3145129 993638 26227993 25574456 9961426 9171650 16266567 16402806 Corban University's goal is to equip men and women who will bring CHARACTER to their communities and COMPETENCE to their careers, all to the glory of CHRIST. 0 0 29642979 16536263 27774991 Tuition and fees used to provide over 50 undergraduate, graduate, and doctoral programs, both on campus and online, to approximately 1,100 students. Each program combines academic excellence with Christian principles and purpose, integrating a biblical worldview in every class. 2261571 5689359 To provide on-campus student housing and food services for over 350 students annually. 31904550 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1291 0 1 665 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X Patricia Shelton 5033757020 5000 Deer Park Drive SE Salem OR 97317 Sheldon Nord President (thru Feb 2022) 40.00 X 279660 0 14182 Tom Cornman Provost/Interim President 40.00 X 154355 0 16107 Bryce Bernard Professor of Business 40.00 X 111301 0 14346 Christopher Vetter Interim Provost 40.00 X 102163 0 20964 Denise Wendler-Associate VP of Finance/Controller (thru March 2022) 40.00 X 113846 0 8528 Eric Straw Professor of Business 40.00 X 102753 0 14186 Brenda Roth - VP for Student Life (thru May 2022) 40.00 X 105174 0 8920 Shannon Johnson VP for Advancement 40.00 X 100565 0 6856 Steve Sammons - VP for Strategic Initatives (thru Aug 2021) 40.00 X 86096 0 14678 Rodney Hoff Chair of Trustee Board 3.00 X X 0 0 0 James Carlson Vice Chair of Trustee Board 1.00 X X 0 0 0 James Gleason Secretary Board of Trustees 3.00 X X 0 0 0 Mark Hanke Trustee 1.00 X 0 0 0 Karen Avinelis Trustee 1.00 X 0 0 0 Douglas Beals Trustee 1.00 X 0 0 0 Deanna Gardiner-Garcia Trustee 1.00 X 0 0 0 Patti Garrido Trustee 1.00 X 0 0 0 Craig Hardinger Trustee 1.00 X 0 0 0 Kellen Luey Trustee 1.00 X 0 0 0 Paul Martin Trustee 1.00 X 0 0 0 Paul Null Trustee 1.00 X 0 0 0 James White Trustee 1.00 X 0 0 0 Ryan Dempster Trustee 1.00 X 0 0 0 Valerie Webb Trustee 1.00 X 0 0 0 Ed Dressel Trustee 1.00 X 0 0 0 Patricia Shelton VP for Business and CFO 40.00 X 0 0 0 Brian Jaworski VP for Student Life 40.00 X 0 0 0 1155913 0 118767 8 0 1 0 Pioneer College Caterers 303 Glenrose Ave Nashville TN 37210 On campus food service 1210123 CDI LLC 696 US Highway 46 Teterboro NJ 07608 Computer design & integration 526481 K&E Excavating Inc 3871 Langley Street SE Salem OR 97317 Field prep for OAC 310439 BEYNON 19600 SW 129th Ave Ste A Tualatin OR 97062 Track installation 146092 EAB PO Box 603519 Charlotte NC 28260 Admissions & financial aid optimizing 141972 5 15356 2591867 2610010 5217233 Tuition and Fees 611310 26759622 26759622 Auxiliary Services 611310 5689359 5689359 1015369 1015369 33464350 162666 162666 145763 0 145763 145763 145763 1500000 1476974 23026 23026 23026 30830 15356 23590 7240 7240 39020278 33464350 0 338695 16536263 16536263 972288 839479 132809 43950 43950 9503872 7445634 1891459 166779 60874 604 60270 1073271 878850 172019 22402 751078 539357 190970 20751 5610 5610 87230 87230 55000 55000 21895 10015 11880 3384900 2554051 674688 156161 210123 205371 4752 400937 171449 216261 13227 801729 148227 632238 21264 1196020 998985 192860 4175 1083424 927214 127846 28364 62738 58979 1164 2595 294846 243248 51598 908293 749342 158951 130208 50528 79680 Instruction Materials 333535 333535 Bad debt expense 63961 63961 Institutional/Academic 18963 18963 Collection Expense 18963 18963 6669 6669 38026640 31904550 5486683 635407 368227 489984 3536450 2263614 1258546 240000 512527 654612 1380000 200000 14147 34349 351858 60877 36578413 20122246 13288591 16456167 4921739 4651096 595908 523757 26227993 25574456 2011546 2040216 1026519 624352 210000 0 5407229 5132543 1214195 1282758 91937 91781 9961426 9171650 X 10778495 14311431 5488072 2091375 16266567 16402806 26227993 25574456 993638 -857399 0 X 0 1 X 1 1 1 X 4660986 1538576 4376067 5044268 5217233 20837130 4660986 1538576 4376067 5044268 5217233 20837130 1034526 19802604 240669 398143 337871 217616 308429 1502728 15073 7240 22313 22362171 181193135 0.88550 0.85690 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 the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 251735 X 0 627740 223125 -73096 777769 562293 65447 627740 545793 25000 8500 562293 555493 9700 545793 487857 67636 555493 1.00000 0 0 858078 858078 31578699 17036836 14541863 3333814 3085410 248404 807822 807822 16456167 Annuities Payable 91781 91781 22872120 -857399 23590 -833809 23705929 21895 15292454 15314349 39020278 22735881 23590 23590 22712291 21895 15292454 15314349 38026640 Part III, Line 4: Located on the second floor of Corban's library, the Prewitt-Allen Archaeological Museum houses a rare collection of over 900 artifacts and replicas from the Middle East and Greece, ranging from 7th century Egypt to 18th century Ottoman Empire (modern-day Iraq). Visitors are welcome to peruse the museum as well as school field trips, senior citizen groups, and church groups. Part V, Line 4: To provide scholarships for students. Part XI, Line 2d - Other Adjustments: Fundraising Event Expense 23,590. Part XI, Line 4b - Other Adjustments: Student aid 15,292,454. Part XII, Line 2d - Other Adjustments: Fundraising Event Expense 23,590. Part XII, Line 4b - Other Adjustments: Student aid 15,292,454. 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 organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Schedule E, Part I, Line 6 Students attending the University may obtain financial assistance from grants and other programs. These programs include Federal Work Study, Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, and Federal Direct Loan Program. The University was also awarded funding under the CARES Act for the Higher Education Emergency Relief Fund (HEERF) to provide emergency grants to students and to assist with foregone revenue resulting from the closure of campus housing as a result of the pandemic. Sub-Saharan Africa 0 0 Program Services Mission Trips 30769 Central America and the Caribbean 0 0 Program Services Medical Mission Trip 41519 0 0 0 0 0 0 72288 0 72288 0 0 0 0 0 0 Part I, line 3: The University accounts for foreign expenditures using the accrual method of accounting. Part III Accounting Method: X X X X X X X 1 The Timothy Group 1663 Sutherland Dr SE Grand Rapids MI 49508 Pre-Campaign Study 0 0 25000 -25000 The Giving Crowd 7517 Campbell Road Suite 607-166 Dallas TX 75248 Consulting - Planned Giving 0 0 30000 -30000 55000 -55000 OR Golf Classic 23716 9576 14140 1814 5880 2567 3879 Baseball Golf Tourney 22470 5780 16690 50 7713 1687 46186 15356 30830 1864 13593 2567 5566 23590 7240 Schedule G, Part I, Line 2b, Column (v) The professional fundraising services provided by The Timothy Group and the The Giving Crowd were consulting in nature. Therefore, there are no gross receipts tied to these services. 1 Student Scholarships and Grants 941 15292454 HEERF Grants 390 1243809 Part I, Line 2: The organization utilizes PowerFAIDS financial aid software and the Populi Student System to monitor and ensure that financial aid is awarded according to university, state, and federal guidelines. No cash changes hands, and funds are directly tied to student accounts. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Sheldon Nord President (thru Feb 2022) 279660 0 0 0 0 0 1567 0 12867 0 294094 0 0 0 Tom Cornman Provost/Interim President 154355 0 0 0 0 0 1067 0 15292 0 170714 0 0 0 Part I, Line 1a A taxable housing allowance is provided for the President. Jamie Nord Family relationship with Sheldon Nord, President 16692 Compensation 0 Marcus DeVight Family relationship with Ed Dressel, Trustee 27258 Compensation 0 Form 990, Part VI, Section A, line 1a The Executive Committee is composed of the Board committee chairs. The Executive Committee shall conduct Trustee business before and between regular Board meetings if necessary as well as bring important information and recommendations to the full Board. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. The Form 990 is reviewed in detail by the VP for Business and the Finance Committee of the Board of Trustees. A copy of the return is sent to the board prior to filing. Form 990, Part VI, Section B, line 12c Board members and officers sign annual conflict of interest statements that are reviewed by the Board Development Chair. The President's office and Board Secretary review the disclosure statement signed by the Development Chair. 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 The Finance Committee of the Board of Trustees reviews the compensation for the President annually. The HR Department performs a CUPA salary comparison every year and the Finance Committee examines the compensation of similar institutions and makes recommendations to the Board of Trustees for the President's compensation package. The Board approves the contract before being issued and signed by the President of the University, and the approval process is documented in the Board minutes. Form 990, Part VI, Section B, Line 15b: Compensation for other officers is reviewed by the President and Human Resource Director using comparability data. The process is documented with HR. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request.