2022-03-30T15:19:21-05:00 2021-06-30 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2020-07-01 953948691 Point Loma Nazarene University Foundation POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 Joseph D LaLuzerne Treasurer 6198492200 2022-03-30 1 Joseph LaLuzerne 999009999 Ted R Batson Jr P00721951 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Gary Smee 3900 Lomaland Drive San Diego CA 92106 2510146 0 1588 X www.pointloma.edu X 1965 CA Supports Point Loma Nazarene University. 12 8 0 9 0 0 727299 861876 0 0 1311193 1501890 13336 39540 2051828 2403306 941796 787102 0 0 2759 1200 0 0 0 605859 415162 1550414 1203464 501414 1199842 66873359 75680790 1498929 1504487 65374430 74176303 The primary objectives and purposes of this corporation shall be to promote major gift fundraising for Point Loma Nazarene University (PLNU) through excellence in strategic development, major donor engagement, and oversight of Foundation assets. 0 0 787102 787102 Funds raised by the PLNU Foundation are primarily used to support Point Loma Nazarene University in the form of student financial aid. 787102 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 8 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X Jim Bergherm 6198492200 3900 Lomaland Drive San Diego CA 92106 Robert Brower Ex Officio Director 1.00 40.00 X 0 366386 43520 Joe LaLuzerne Treasurer 1.00 40.00 X X 0 193796 54369 Kelly Smith Ex Officio Director 1.00 40.00 X 0 176274 56159 Gary Smee President 1.00 1.00 X X 0 0 0 Scott McGuckin Vice President 1.00 X X 0 0 0 Gilbert Wai Secretary 1.00 X X 0 0 0 Carolyn Downey Director 1.00 X 0 0 0 Daryl Nicholson Director 1.00 1.00 X 0 0 0 Mendell Thompson Director 1.00 1.00 X 0 0 0 Mike Gebhart Director 1.00 X 0 0 0 Doug Pierce Director 1.00 1.00 X 0 0 0 Rudy Thomas Director 1.00 X 0 0 0 0 736456 154048 0 0 1 0 Morgan Stanley 2514 California Street Omaha NE 68154 Investment Account Management 123477 1 43842 818034 4049 861876 661120 661120 85425 46654 38771 38771 38771 4049 896907 4049 56137 0 840770 840770 840770 769 769 769 2403306 0 0 1541430 X 787102 787102 1200 1200 123477 123477 9571 9571 117 117 25855 25855 Annuity Payments 216425 216425 Equipment 8828 8828 30889 30889 1203464 787102 416362 0 3341 3341 8208493 0 8384441 8208493 46060320 54198323 1526495 1526495 10898762 11744138 66873359 75680790 53132 64216 1600 2095 7500 7500 1436697 1430676 1498929 1504487 X 31025803 33760267 34348627 40416036 65374430 74176303 66873359 75680790 X 1199842 7590968 11063 X 0 1 X 1 0 X X 1 Point Loma Nazarene University 951644035 2 1 0 0 1 0 0 1512783 4363539 903228 727299 861876 8368725 1512783 4363539 903228 727299 861876 8368725 897319 7471406 914596 595096 681181 1073099 746545 4010517 65852 769 66621 12445863 0.60030 0.58120 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2019 Amount: $ 65,852. 2020 Amount: $ 769. Schedule A, Part II: The organization is a Type 1 supporting organization and is not required to complete the public support schedule. Schedule A, Part II is completed to verify that the Foundation can qualify under public charity status section 170(b)(1)(A)(vi) and qualified to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61666559 2118683 8128852 874730 790265 70249099 61089032 1668019 461113 697203 854402 61666559 61133217 2950788 -569037 730399 1695537 61089032 55740428 3676193 2744985 1028389 61133217 51408918 1506170 3773586 948246 55740428 0.45000 0.55000 0 0 8208493 8208493 8208493 Other receivables 166196 Receivable from Point Loma University 11577942 11744138 Charitable trusts & annuities payable 1430676 1430676 Part V, Line 4: Provide scholarship funds and support the general operations of the Foundation and University. Form 990, Schedule D, Part V, Lines 2a - 2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 06/30/2021. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 Tuition assistance 462 787102 Part I, Line 2: Tuition assistance to individuals is paid directly to Point Loma Nazarene University on behalf of the recipient student. No amounts are paid directly to the students. 0 0 0 0 0 0 0 0 0 Robert Brower Ex Officio Director 0 352581 0 153 0 13652 0 22800 0 21431 0 410617 0 0 Joe LaLuzerne Treasurer 0 193645 0 151 0 0 0 15563 0 39310 0 248669 0 0 Kelly Smith Ex Officio Director 0 176078 0 151 0 45 0 14377 0 42334 0 232985 0 0 Form 990, Part VI, Section A, line 7a The Foundation's board members are subject to election by the Point Loma Nazarene University Board of Trustees. Form 990, Part VI, Section A, line 7b Amendment of the Foundation's bylaws is subject to approval by a majority of the Board of Trustees of Point Loma Nazarene University (PLNU). In addition, the Foundation may only be dissolved upon the direction of the Board of Trustees of PLNU. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm, reviewed in detail by the finance department, and then distributed to the Board of Directors for review before 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 Board of Directors. The Chair of Point Loma Nazarene University's Audit Committee reviews the statements. 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 The Foundation has no employees. Compensation amounts on Form 990 Part VII are from a related organization. Therefore, these questions related to approval of officer compensation are not applicable to the Foundation and are answered "no" in accordance with the instructions. Form 990, Part VI, Section C, line 19 The Foundation's governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part IX, Lines 5 - 10: Employees of Point Loma Nazarene University, a related organization, perform some administrative functions for the Foundation. The amounts reported on Form 990, Part IX, Lines 5 through 10 represent the portion of the employees' compensation related to the services provided to the Foundation. Point Loma Nazarene University files all payroll information returns as required by the IRS and the Foundation reimburses the University for the employees' time spent on Foundation matters. Form 990, Part XI, line 9: Trust and annuity actuarial gain -15,811. Present value adjustment to annuities payable 26,874. Point Loma Nazarene University 3900 Lomaland drive San Diego CA 92106 951644035 Nonprofit Christian university CA 501(c)(3) Line 2 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0