2021-05-17T17:41:00-05:00 2020-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2019-07-01 930386839 GEORGE FOX UNIVERSITY GEOR 5035388383 414 N MERIDIAN STREET NEWBERG OR 97132 VICKI PIERSALL CFO 5035388383 2021-05-15 1 WENDY CAMPOS P00448102 5032421447 2021-05-15 2019 2022-09-23 18:48:47Z VICKI PIERSALL 414 N MERIDIAN STREET NEWBERG OR 97132 172750347 0 X WWW.GEORGEFOX.EDU X 1891 OR GEORGE FOX UNIVERSITY, A CHRIST CENTERED COMMUNITY, PREPARES STUDENTS SPIRITUALLY, ACADEMICALLY, AND PROFESSIONALLY TO THINK WITH CLARITY, ACT WITH INTEGRITY, AND SERVE WITH PASSION THROUGH BOTH UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS OF STUDY FOR APPROXIMATELY 4,100 STUDENTS. 31 28 2693 179 0 -52230 4565394 7516708 124515128 125489183 1648700 1922790 2339240 2350957 133068462 137279638 38058692 39588274 0 0 57048643 57653978 0 0 1797509 29854712 32132153 124962047 129374405 8106415 7905233 194146773 200923677 60104158 61082881 134042615 139840796 X GEORGE FOX UNIVERSITY, A CHRIST CENTERED COMMUNITY, PREPARES STUDENTS SPIRITUALLY, ACADEMICALLY, AND PROFESSIONALLY TO THINK WITH CLARITY, ACT WITH INTEGRITY, AND SERVE WITH PASSION. 0 0 66632781 39287065 86682210 QUALITY UNDERGRADUATE EDUCATION IN THE HUMANITIES, SCIENCES AND PROFESSIONAL STUDIES, WITH MORE THAN 40 MAJORS. 20556875 301209 25783688 QUALITY GRADUATE EDUCATION PROGRAMS IN THE AREAS OF PSYCHOLOGY, COUNSELING, PHYSICAL THERAPY, EDUCATION, BUSINESS AND SEMINARY, INCLUDING 5 SEMINARY DEGREES, 12 MASTERS AND DOCTORAL DEGREES, AND ADULT DEGREE COMPLETION EDUCATION PROGRAMS. 7633302 ATHLETIC PROGRAMS FOR MEN AND WOMEN DEVELOPING LEADERSHIP AND TEAM-BUILDING SKILLS, INCLUDING BASEBALL, SOFTBALL, VOLLEYBALL, BASKETBALL, TRACK, CROSS COUNTRY, SOCCER, GOLF, SWIMMING AND TENNIS (NCAA DIVISION 3), AND STUDENT LIFE EXPENDITURES. 17149793 2350957 ADMISSIONS, HOUSING, FOOD SERVICES. 17149793 2350957 111972751 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 5337 0 1 2693 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 X 31 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA OR WA X ROBIN E BAKER 5035388383 414 N MERIDIAN STREET NEWBERG OR 97132 TATONE STEPHEN M CHAIR 5.00 X X 0 0 0 WOOLSEY DAVID SECRETARY 5.00 X X 0 0 0 ANDERSEN DAVID TRUSTEE 5.00 X 0 0 0 BAILEY LARRY TRUSTEE 5.00 X 0 0 0 BEEBE KEN TRUSTEE 5.00 X 0 0 0 BISHOP CARRIE LAMM TRUSTEE 5.00 X 0 0 0 CAMMACK DAN TRUSTEE 5.00 X 0 0 0 CARTER DON G TRUSTEE 5.00 X 0 0 0 CHEUNG RAYMOND TRUSTEE 5.00 X 0 0 0 CLIMER CURTIS TRUSTEE 5.00 X 0 0 0 DELK MIKE TRUSTEE 5.00 X 0 0 0 ENGLE JR FRANK TRUSTEE 5.00 X 0 0 0 GALITZ KEITH G TRUSTEE 5.00 X 0 0 0 GRATSINGER SCOTT TRUSTEE 5.00 X 0 0 0 GULLEY STEPHEN TRUSTEE 5.00 X 0 0 0 HAGEN ERIC TRUSTEE 5.00 X 0 0 0 HARLAN ESTLE TRUSTEE 5.00 X 0 0 0 HERLING ANDREA TRUSTEE 5.00 X 0 0 0 KIMBERLY BRENT TRUSTEE 5.00 X 0 0 0 LEWIS HEATHER TRUSTEE 5.00 X 0 0 0 MORSE STANLEY D TRUSTEE 5.00 X 0 0 0 PALMER BARBARA D TRUSTEE 5.00 X 0 0 0 PETERSON BRENT TRUSTEE 5.00 X 0 0 0 PETERSON VICTOR A TRUSTEE 5.00 X 0 0 0 RAYBACK CAROLYN TRUSTEE 5.00 X 0 0 0 REDFORD KEN TRUSTEE 5.00 X 0 0 0 STONE TRUMAN TRUSTEE 5.00 X 0 0 0 THORNBURG KENT L TRUSTEE 5.00 X 0 0 0 THURSTON LANA TRUSTEE 5.00 X 0 0 0 VANDELINDE DAVE TRUSTEE 5.00 X 0 0 0 WINTER SCOTT TRUSTEE 5.00 X 0 0 0 BAKERROBIN PRESIDENT 60.00 X 394995 0 33937 PIERSALL VICKI CHIEF FINANCIAL OFFICER 60.00 X 229782 0 14310 SAMEK LINDA PROVOST 60.00 X 184159 0 26813 REZA MICHAEL VP FOR ADVANCEMENT 60.00 X 167378 0 28002 DOUGHERTY RYAN VP FOR ENROLLMENT & MARKETING 60.00 X 144279 0 33346 LAUBRADLEY VP FOR STUDENT LIFE 60.00 X 143008 0 25262 HARDER BOB EXECUTIVE DEAN INDUSTRIAL ENTERPRISE 60.00 X 178173 0 25163 DAVENPORT GREG DIRECTOR 60.00 X 218221 0 29515 PETERSON MARY PROFESSOR CLINICAL PSYCHOLOGY 60.00 X 157757 0 22800 BIKIS JEKABS DEAN OF BUSINESS 60.00 X 139713 0 25709 CUDDEFORD TYLER DIRECTOR OF PT 60.00 X 128392 0 25104 SHELTON MARC DEAN OF EDUCATION 60.00 X 122987 0 19028 WESTERVELT ROB FORMER CHIEF STRATEGY OFFICER 50.00 X 125564 0 10547 2334408 0 319536 41 1 1 0 ANDERSEN CONSTRUCTION CO INC PO BOX 6712 PORTLAND OR 97228 CONSTRUCTION SERVICES 7605460 BON APPETIT PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 4254158 SOFTWARE BUILT BY DESIGN INC 8105 RASOR BLVD STE 309 PLANO TX 75024 COMPUTER SUPPORT SERVICES 1614704 TODD CONSTRUCTION INC PO BOX 949 TUALATIN OR 97062 CONSTRUCTION SERVICES 955249 LAMAR COMPANIES PO BOX 96030 BATON ROUGE LA 70896 ADVERTISING SERVICES 441897 15 891000 6625708 74353 7516708 STUDENT TUITION & FEES 611600 112465898 112465898 AUXILIARY ENTERPRISES 900099 13023285 13023285 125489183 1801384 1801384 35592115 35470709 121406 121406 121406 ACTIVITY FEES & OTHER 611310 2350957 2350957 2350957 137279638 114816855 0 14946075 39588274 39588274 1721602 719793 567345 434464 42356592 35004874 6732728 618990 1789279 1545365 207623 36291 8166700 4353979 3677053 135668 3619805 3078130 433845 107830 368225 -12422 380647 135003 3054 131949 295359 295359 10048471 8366407 1639256 42808 1309165 55867 1244254 9044 4635737 3168565 1351530 115642 1773799 484436 1188120 101243 2109786 159505 1876505 73776 1974676 1784880 177722 12074 683221 522299 78597 82325 1515855 954726 561129 4025297 4025297 418727 93457 325270 MEMBERSHIPS 1181145 165796 1009847 5502 ENTERTAINMENT 655746 565373 73634 16739 MAINTENANCE 638577 147880 490697 TRANSFERS 190267 181732 5757 2778 173097 7015484 -6844722 2335 129374405 111972751 15604145 1797509 20930 7750 28271653 7447093 1297653 244105 1142139 913889 1196336 981520 198008 40133 186252677 70063757 116583304 116188920 45351529 75015046 85221 85221 194146773 200923677 7871174 8280975 7447266 8528038 34166072 32691368 3742213 3329183 1019187 808881 5858246 7444436 60104158 61082881 X 104593042 107940667 29449573 31900129 134042615 139840796 194146773 200923677 X 7905233 162068 -2269120 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 294447 0 0 X X X X X ART ITEMS ARE USED IN TEACHING 0 24893166 1393572 768488 503356 182156 151154 26218560 23639880 740228 1274752 462634 176872 122188 24893166 22821150 483203 1345936 659847 239534 111028 23639880 20442093 1054392 2211600 651981 234954 22821150 20894426 947281 -530355 663352 205907 20442093 0.13000 0.81300 0.05700 1 0 14292849 14292849 132239156 38381224 93857932 9945900 5804773 4141127 29542620 25877760 3664860 232152 232152 116188920 ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE AND CHARITABLE REMAINDER TRUSTS 2250023 INTEREST RATE SWAPS LIABILITY 5194413 7444436 X 95288953 162068 -41857394 -41695326 136984279 295359 295359 137279638 89490772 0 89490772 39883633 39883633 129374405 PART III, LINE 4: ART ITEMS ARE USED IN TEACHING, AND ANCIENT MANUSCRIPTS ARE PART OF AN ONGOING PROJECT TO PRESERVE AND SCAN ANCIENT MANUSCRIPTS FOR POSTERITY AND TO PROVIDE THE SCANNED DOCUMENTS FOR SCHOLARSHIP. PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS AND ALSO FOR OTHER DESIGNATED EDUCATIONAL PURPOSES AS REQUIRED BY THE DONOR. PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - THE UNIVERSITY RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE UNIVERSITY HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2020 AND 2019. THE UNIVERSITY RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS, IF ANY, AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED JUNE 30, 2020 AND 2019, THE UNIVERSITY RECOGNIZED NO INTEREST AND PENALTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE OF ANNUITIES PAYABLE -71,512. CHANGE IN PRESENT VALUE OF CHARITABLE REMAINDER TRUSTS -42,283. FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS -39,588,274. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP LIABILITY -1,796,319. PRIOR YEAR PLEDGE WRITEOFFS -359,006. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 39,588,274. INVESTMENT EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 295,359. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR NON-DISCRIMINATION POLICY IS PUBLISHED ANNUALLY IN THE PORTLAND OREGONIAN NEWSPAPER AND IS AVAILABLE ON OUR WEBSITE AS WELL. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TITLE IV AID FOR SEOG, FEDERAL WORK STUDY AND PERKINS LOANS. THE UNIVERSITY ALSO ADMINISTERS GRANTS WITH THE NSF. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 2032 0 0 0 0 0 0 2032 0 2032 0 0 0 0 0 0 PART I, LINE 3: EXPENDITURES FOR CENTRAL AMERICA AND THE CARIBBEAN ARE USING FMV. PART III ACCOUNTING METHOD: 1 ACADEMIC SCHOLARSHIPS 1619 20507259 PERFORMANCE SCHOLARSHIPS 837 1200230 SEOG GRANTS 469 378386 ENDOWED & DESIGNATED SCHOLARSHIPS 357 873475 OTHER SCHOLARSHIPS 1717 16628924 PART I, LINE 2: ONCE THE SPECIFIC CRITERIA FOR EACH SCHOLARSHIP HAVE BEEN REVIEWED AND MET, GFU DISBURSES FINANCIAL AID FUNDS TO THE INDIVIDUAL STUDENT'S ACCOUNT DIRECTLY, ENSURING THAT THE FUNDS ARE USED AS INTENDED FOR TUITION AND EDUCATIONAL COSTS. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 BAKERROBIN PRESIDENT 370211 0 20000 0 4784 0 16800 0 17137 0 428932 0 0 0 PIERSALL VICKI CHIEF FINANCIAL OFFICER 223750 0 5000 0 1032 0 13500 0 810 0 244092 0 0 0 SAMEK LINDA PROVOST 174944 0 7500 0 1715 0 10770 0 16043 0 210972 0 0 0 REZA MICHAEL VP FOR ADVANCEMENT 162938 0 0 0 4440 0 10440 0 17562 0 195380 0 0 0 DOUGHERTY RYAN VP FOR ENROLLMENT & MARKETING 134039 0 10000 0 240 0 8760 0 24586 0 177625 0 0 0 LAUBRADLEY VP FOR STUDENT LIFE 137456 0 5000 0 552 0 8580 0 16682 0 168270 0 0 0 HARDER BOB EXECUTIVE DEAN INDUSTRIAL ENTERPRISE 176589 0 0 0 1584 0 8367 0 16796 0 203336 0 0 0 DAVENPORT GREG DIRECTOR 201637 0 15000 0 1584 0 12600 0 16915 0 247736 0 0 0 PETERSON MARY PROFESSOR CLINICAL PSYCHOLOGY 156885 0 0 0 872 0 6565 0 16235 0 180557 0 0 0 BIKIS JEKABS DEAN OF BUSINESS 139479 0 0 0 234 0 7732 0 17977 0 165422 0 0 0 CUDDEFORD TYLER DIRECTOR OF PT 126409 0 1000 0 983 0 7448 0 17656 0 153496 0 0 0 WESTERVELT ROB FORMER CHIEF STRATEGY OFFICER 124479 0 0 0 1085 0 8055 0 2492 0 136111 0 0 0 PART I, LINE 1A GEORGE FOX OWNS A HOME THAT IS SUITABLE FOR UNIVERSITY EVENTS AND FUNCTIONS THAT ARE HOSTED BY THE UNIVERSITY PRESIDENT AND HIS/HER SPOUSE. THE PRESIDENT IS PROVIDED WITH THIS HOUSING AND THE BENEFIT IS NOT INCLUDED IN TAXABLE INCOME. IN ORDER TO ENHANCE THE INFLUENCE OF THE UNIVERSITY IN THE LOCAL COMMUNITY, ARLINGTON CLUB DUES ARE PAID FOR THE PRESIDENT. THE ARLINGTON CLUB PROVIDES A FORUM FOR NETWORKING WITHIN THE BUSINESS COMMUNITY TO FIND PEOPLE INTERESTED IN INVESTING TIME AND RESOURCES IN HIGHER EDUCATION. DUES PAID ARE NOT INCLUDED IN TAXABLE INCOME. THE PRESIDENT'S SPOUSE'S ATTENDANCE IS REQUIRED FOR SOME EVENTS AND FUNCTIONS. TRAVEL FOR THOSE EVENTS/FUNCTIONS IS CONSIDERED TO BE AN ORDINARY AND NECESSARY BUSINESS EXPENSE FOR THE PRESIDENT'S SPOUSE TO ACCOMPANY HIM AND THEREFORE IS NOT INCLUDED IN TAXABLE INCOME. A YAMHILL COUNTY OREGON SERIES 2012A GEORGE FOX UNIVERSITY PROJECT 936002318 000000000 2012-07-04 19461225 RE-FINANCE OF 2005 BOND ISSUE AND NEW CONSTRUCTION 0 0 0 B YAMHILL COUNTY OREGON SERIES 2018 GEORGE FOX UNIVERSITY PROJECT 936002318 000000000 2018-04-12 15000000 CONSTRUCTION OF NEW DORMITORY AND RENOVATION OF EXISTING DORMITORY 0 0 0 A 19461225 181225 19280000 2012 1 0 1 1 B 15000000 313670 148530 14686330 2020 0 0 1 1 A 0 0 1 1 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 1 0 1 1 US BANK 10135 30.000000000000 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 MATT STUMP RELATIVE OF TRUSTEE STAN MORSE 69233 RELATIVE EMPLOYED BY GFU 0 DWIGHT KIMBERLY RELATIVE OF TRUSTEE BRENT KIMBERLY 13314 RELATIVE EMPLOYED BY GFU 0 ANDERSEN CONSTRUCTION TRUSTEE DAVID ANDERSEN 7605460 GENERAL CONTRACTOR FOR CAMPUS CONSTRUCTION 0 X 9 74353 MIDPOINT FMV DATE OF GIF 0 1 0 PART I, LINE 33: SMALL NON-CASH GIFTS (UNDER $5,000) ARE NOT REPORTED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTING FIRM. FINANCE OFFICE STAFF, THE CONTROLLER AND THE CFO REVIEW THE FORM 990 BEFORE FILING. THE BOARD OF TRUSTEES FINANCE COMMITTEE REVIEWS FORM 990 AFTER FILING AT THEIR NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO COMPLETE A NEW CONFLICT OF INTEREST FORM EACH YEAR. THE BOARD OF TRUSTEE RECORDS ARE MONITORED & REVIEWED BY THE PRESIDENT'S OFFICE. THE EMPLOYEE RECORDS ARE MONITORED AND REVIEWED BY THE EMPLOYEE EMPOWERMENT RECRUITER. THE FORMS ARE MAINTAINED IN THE EMPLOYEE EMPOWERMENT DEPARTMENT. PERIODICALLY DURING THE TIME-FRAME THAT THESE FORMS ARE SENT TO EMPLOYEES, THE EMPLOYEE EMPOWERMENT RECRUITER SENDS OUT ADDITIONAL REQUESTS TO THOSE WHO HAVE NOT COMPLETED THE FORMS. THIS INCLUDES CONTACTING EMPLOYEES' SUPERVISORS WHEN NECESSARY. IF A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST IS NOTATED ON A FORM BY THE EMPLOYEE OR TRUSTEE, EXECUTIVE DIRECTOR OF EMPLOYEE EMPOWERMENT REVIEWS IT. IF MORE INFORMATION IS NEEDED, SHE CONTACTS THE EMPLOYEE OR TRUSTEE. IF, IN THE DIRECTOR'S JUDGMENT, IT IS DEEMED NOT TO BE A CONFLICT OF INTEREST, THE FORM IS FILED AND NO FURTHER ACTION IS TAKEN. IF A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE DIRECTOR GIVES THE FORM TO THE EVP FOR FINANCE AND OPERATIONS TO REVIEW. IF NECESSARY, THE EVP THEN CONTACTS THE EMPLOYEE OR TRUSTEE OR THE HEAD OF THE DEPARTMENT THAT MIGHT BE IMPACTED BY THE CONFLICT OF INTEREST (IF IT IS AN OUTSIDE BUSINESS THE UNIVERSITY MIGHT CONTRACT WITH FOR SERVICES OR PRODUCTS) TO ENSURE THAT SOUND BUSINESS PRACTICES CONTINUE TO BE FOLLOWED IN SELECTING VENDORS, ETC. ANY EMPLOYEES OR TRUSTEES WITH CONFLICTS WILL BE PROHIBITED FROM ANY DELIBERATIONS AND DECISIONS RELATED TO THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FOR THE PRESIDENT OF THE UNIVERSITY: COMPENSATION IS EVALUATED AND ESTABLISHED BY THE BOARD OF TRUSTEES. NO CONFLICT OF INTEREST FOR MEMBERS EVALUATING AND REVIEWING THE PRESIDENT'S COMPENSATION EXISTS. THE BOARD REVIEWS AND DISCUSSES THE COMPENSATION OF OTHER UNIVERSITY PRESIDENTS WITHIN THE COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES, SPECIFICALLY, THE ONES WITH SIMILAR ENROLLMENT AND STUDENT DEMOGRAPHICS (PELL ELIGIBILITY, ETC.), AND THEN ADJUSTS FOR THE COST OF LIVING IN OTHER REGIONS. - COMPENSATION IS APPROVED BY THE BOARD. - DISCUSSION WITHIN THE BOARD REGARDING COMPENSATION ISSUES IS DOCUMENTED IN THE APPROPRIATE MINUTES OF THOSE MEETINGS, GENERALLY THE EXECUTIVE COMMITTEE OF THE BOARD. - THIS PROCESS IS DOCUMENTED THROUGH THE TRANSFER OF THIS DOCUMENTATION AND EMAIL CORRESPONDENCE BETWEEN EMPLOYEE EMPOWERMENT OFFICE AND THE PRESIDENT'S OFFICE. - A CONTRACT IS COMPLETED AND SIGNED BY A BOARD MEMBER AND SUPPLIED TO THE EMPLOYEE EMPOWERMENT OFFICE. CHANGES AND/OR ADJUSTMENTS TO THE PRESIDENT'S COMPENSATION ARE ALSO COMMUNICATED VIA EMAIL ON BEHALF OF A MEMBER OF THE BOARD. - FOR THIS PERIOD, THE REVIEW OF THE PRESIDENT'S COMPENSATION PACKAGE WAS COMPLETED IN FEBRUARY 2016. THE PRESIDENT'S COMPENSATION AND CONTRACT WILL BE COMPLETED AGAIN IN JULY 2022. FOR THE VICE PRESIDENTS AND PROVOST: COMPENSATION IS EVALUATED AND ESTABLISHED BY THE PRESIDENT OF THE UNIVERSITY. NO CONFLICT OF INTEREST EXISTS. THE PRESIDENT OF THE UNIVERSITY REVIEWS THE COMPENSATION OF OTHER UNIVERSITY VICE PRESIDENTS WITHIN THE COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES, SPECIFICALLY, THE ONES WITH SIMILAR ENROLLMENT AND STUDENT DEMOGRAPHICS (PELL ELIGIBILITY, ETC.), AND THEN ADJUSTS FOR THE COST OF LIVING IN OTHER REGIONS. CUPA-HR SURVEY DATA IS ALSO SUPPLIED TO THE PRESIDENT BY EMPLOYEE EMPOWERMENT FOR COMPARISON. - INDIVIDUAL COMPENSATION IS NEGOTIATED BETWEEN EACH VICE PRESIDENT AND THE PRESIDENT OF THE UNIVERSITY. THE BUDGET FOR THAT COMPENSATION IS APPROVED AS PART OF THE ENTIRE UNIVERSITY BUDGET BY THE BOARD OF TRUSTEES. - A CONTRACT IS COMPLETED FOR EACH VICE PRESIDENT AND SIGNED BY THE PRESIDENT OF THE UNIVERSITY. - THIS PROCESS IS DOCUMENTED THROUGH THE TRANSFER OF THIS DOCUMENTATION AND EMAIL CORRESPONDENCE BETWEEN EMPLOYEE EMPOWERMENT AND THE PRESIDENT'S OFFICE. CURRENT CONTRACTS RUN AS FOLLOWS: CHIEF FINANCIAL OFFICER- JULY 2020-JUNE 2022. VP OF ENROLLMENT AND MARKETING- JULY 2019-AUG 2020. VP OF STUDENT LIFE- JULY 2017-JUNE 2020. VP OF ADVANCEMENT- JULY 2018-JUNE 2021. PROVOST- JULY 2020-JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE ON THE UNIVERSITY'S WEBSITE. FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF ANNUITIES PAYABLE -71,512. CHANGE IN PRESENT VALUE OF CHARITABLE REMAINDER TRUSTS -42,283. WRITE-OFF OF PRIOR YEAR PLEDGES -359,006. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -1,796,319. FORM 990, PART XII, LINE 2C: GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE ON THE UNIVERSITY'S WEBSITE. FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CHARITABLE REMAINDER UNITRUSTS (15) 414 N MERIDIAN NEWBERG OR 97132 CHARITABLE REMAINDER TRUST OR GEORGE FOX UNIVERSITY T 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0