2021-03-11T19:00:02-06:00 2020-05-31 910189318 MOSS ADAMS LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2019-06-01 952962604 CALIFORNIA LUTHERAN UNIVERSITY CALI 8054933181 60 WEST OLSEN ROAD MC 1200 THOUSAND OAKS CA 913602700 LORI VARLOTTA PRESIDENT 8054933181 2021-02-22 1 TRACY S PAGLIA P00366884 3104770450 2021-02-22 2019 2022-09-23 18:48:47Z LORI VARLOTTA 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 913602700 249049070 0 X WWW.CALLUTHERAN.EDU X 1959 CA CLU IS AN INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE DEGREES IN THE LIBERAL ARTS AND SCIENCES. 32 30 2598 100 172552 0 12764600 19845989 166997378 169423161 7217807 13248257 54324 24676 187034109 202542083 59832869 64920972 0 0 75086131 77640681 0 0 2942126 48707806 43204253 183626806 185765906 3407303 16776177 358322342 379855133 106417756 111251268 251904586 268603865 X CALIFORNIA LUTHERAN UNIVERSITY IS A SELECTIVE COMPREHENSIVE INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE DEGREES IN THE LIBERAL ARTS AND SCIENCES AND PROFESSIONAL FIELDS. ROOTED IN THE LUTHERAN TRADITION OF CHRISTIAN FAITH, THE UNIVERSITY ENCOURAGES CRITICAL INQUIRY INTO MATTERS OF BOTH FAITH AND REASON. THE MISSION OF THE UNIVERSITY IS TO EDUCATE LEADERS FOR A GLOBAL SOCIETY WHO ARE STRONG IN CHARACTER AND JUDGMENT, CONFIDENT IN THEIR IDENTITY AND VOCATION, AND COMMITTED TO SERVICE AND JUSTICE. 0 0 115771860 64780480 148265374 HIGHER EDUCATION: PROVIDED QUALITY EDUCATION FOR UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS. CALIFORNIA LUTHERAN UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATION PROGRAMS THROUGH ITS COLLEGE OF ARTS AND SCIENCES, SCHOOL OF MANAGEMENT, GRADUATE SCHOOL OF EDUCATION, GRADUATE SCHOOL OF PSYCHOLOGY AND PACIFIC LUTHERAN THEOLOGICAL SEMINARY. THE UNIVERSITY OFFERS 38 UNDERGRADUATE MAJORS AND 34 UNDERGRADUATE MINORS ARE OFFERED THROUGH OUR UNDERGRADUATE PROGRAMS. MASTER'S DEGREE PROGRAMS ARE OFFERED IN EDUCATION, BUSINESS ADMINISTRATION, PUBLIC POLICY AND ADMINISTRATION, COMPUTER SCIENCE, PSYCHOLOGY, INFORMATION SYSTEMS AND TECHNOLOGY, ECONOMICS, DIVINITY, ARTS, AND THEOLOGICAL STUDIES. THE UNIVERSITY OFFERS DOCTORAL PROGRAMS IN EDUCATIONAL LEADERSHIP, HIGHER EDUCATION LEADERSHIP, AND CLINICAL PSYCHOLOGY PH.D. 24491511 0 1001272 STUDENT SERVICES: THIS PROGRAM PROVIDES SUPPORT FOR STUDENT LIFE ACTIVITIES, ATHLETICS, STUDENT HEALTH AND OTHER SERVICES TO STUDENTS. 13835058 0 16737382 AUXILIARY OPERATION: IT IS CALIFORNIA LUTHERAN UNIVERSITY'S MISSION TO BE A RESIDENTIAL CAMPUS. THE MAJORITY OF THE TRADITIONAL UNDERGRADUATE STUDENT POPULATION RESIDES ON CAMPUS TO ATTEND EDUCATIONAL PROGRAMS. 13686497 140492 2865708 HIGHER EDUCATION ACADEMIC SUPPORT DEPARTMENTS INCLUDE UNIVERSITY LIBRARY, COMPUTER & MEDIA LABS, AND FACULTY DEVELOPMENT PROGRAMS. PUBLIC SERVICE DEPARTMENTS INCLUDE THE DAY CARE CENTER, KCLU (PUBLIC RADIO STATION) AND EVENT SERVICES TO SERVE THE COMMUNITY. 13686497 140492 2865708 167784926 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 5990 0 1 2598 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X CALIFORNIA LUTHERAN UNIVERSITY ATTN TOM MARSH 8054933181 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 913602700 KIMBALL CHRIS PRESIDENT 40.00 0.30 X X 475493 0 56524 DAVIS KAREN VP, ADMINISTRATION & FINANCE 40.00 0.30 X 282955 0 29885 NEILSON LEANNE PROVOST/VP, ACADEMIC AFFAIRS 40.00 0.00 X 269252 0 35833 BIDDINGS-MURO REGINA VP, UNIVERSITY ADVANCEMENT 40.00 0.30 X 249231 0 31370 APFELTHALER GERHARD DEAN, SCHOOL OF MANAGEMENT 40.00 0.00 X 239011 0 32955 DOMICONE HARRY PROFESSOR/DIRECTOR OF IMBA 40.00 0.00 X 220934 0 21166 WARD MATTHEW VP, ENROLLMENT MANAGEMENT & MARKETING 40.00 0.00 X 192812 0 31278 VAN OMMEREN RYAN ASSOCIATE VP, FACILITY OPERATIONS 40.00 0.00 X 192694 0 29946 VAIMAN VLAD PROFESSOR 40.00 0.00 X 190192 0 28238 GERSON MICHAEL PROFESSOR 40.00 0.00 X 196243 0 21650 ROPER MELINDA VP, STUDENT AFFAIRS/DEAN OF STUDENTS 40.00 0.00 X 186430 0 29583 MARCEY DAVID PROFESSOR 40.00 0.00 X 183905 0 22011 DAMOOEI JAMSHID PROFESSOR 40.00 0.00 X 176836 0 25381 PARHAM PATRICIA ASSISTANT VP, HUMAN RESOURCES 40.00 0.00 X 181520 0 19312 GUERRERO VERONICA FACULTY CHAIR/BOARD MEMBER 40.00 0.00 X X 127679 0 20934 WEE ALLISON FACULTY CHAIR BOARD MEMBER THRU 10/19 40.00 0.00 X X 98655 0 16923 BASMAJIAN JOHN ASCLU PRESIDENT 2019-20/BOARD 1.00 0.00 X 3594 0 0 LUNDEEN-SMUCK SUSAN CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 OVERTON JIM VICE CHAIR 1.00 0.00 X X 0 0 0 CAMARILLO BILL SECRETARY 1.00 0.00 X X 0 0 0 ARAGON CANDICE BOARD MEMBER 1.00 0.00 X 0 0 0 BAUMHEFNER LINDA BOARD MEMBER 1.00 0.30 X 0 0 0 BESSEY REV JIM BOARD MEMBER 1.00 0.00 X 0 0 0 BINSLEY ANDREW BOARD MEMBER 1.00 0.00 X 0 0 0 BOYNTON ANN BOARD MEMBER 1.00 0.00 X 0 0 0 BROHAUGH WALLACE BOARD MEMBER THRU 10/19 1.00 0.30 X 0 0 0 CHADWICK SUE BOARD MEMBER 1.00 0.00 X 0 0 0 DOWNS TRACY BOARD MEMBER 1.00 0.00 X 0 0 0 ERICKSON DENNIS BOARD MEMBER 1.00 0.00 X 0 0 0 FOSTER RANDALL BOARD MEMBER 1.00 0.00 X 0 0 0 GILBERT ROD BOARD MEMBER 1.00 0.30 X 0 0 0 HANSON REV MARK BOARD MEMBER 1.00 0.00 X 0 0 0 HOLMERUD REV MARK BOARD MEMBER 1.00 0.00 X 0 0 0 IRWIN JON BOARD MEMBER 1.00 0.00 X 0 0 0 LARSEN JUDY BOARD MEMBER 1.00 0.00 X 0 0 0 LEDERER JILL BOARD MEMBER 1.00 0.00 X 0 0 0 LEMMO RICK BOARD MEMBER 1.00 0.00 X 0 0 0 MCNEIL MALCOLM BOARD MEMBER 1.00 0.00 X 0 0 0 NAGLER REV DAVID BOARD MEMBER 1.00 0.00 X 0 0 0 NAUSIN REV FRANK BOARD MEMBER 1.00 0.00 X 0 0 0 NEBENS CARRIE BOARD MEMBER 1.00 0.00 X 0 0 0 OLSON KAREN BOARD MEMBER 1.00 0.00 X 0 0 0 PAPAGEORGE DEBRA BOARD MEMBER 1.00 0.30 X 0 0 0 ROBBINS DENNIS BOARD MEMBER 1.00 0.00 X 0 0 0 RULON ERIN BOARD MEMBER THRU 10/19 1.00 0.00 X 0 0 0 SOULES MIKE BOARD MEMBER 1.00 0.00 X 0 0 0 STEGEMOELLER MARK BOARD MEMBER THRU 10/19 1.00 0.30 X 0 0 0 SWEENEY DEBORAH BOARD MEMBER 1.00 0.00 X 0 0 0 YOUNG RUSSELL BOARD MEMBER 1.00 0.30 X 0 0 0 3467436 0 452989 130 0 1 0 WE O'NEIL CONSTRUCTION CO OF CALIFORN 909 N SEPULVEDA BLVD SUITE 400 EL SEGUNDO CA 90245 CONSTRUCTION 14826422 SODEXO 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 FOOD SERVICES PROVIDER 5324152 CONXTECH INC 6701 KOLL CENTER PKWY SUITE 150 PLEASANTON CA 94566 CONSTRUCTION 1520292 KIOSK CREATIVE LLC 750 GRANT AVENUE 200 NOVATO CA 94945 MEDIA PLANNING & BUYING 1195073 ISEC INCORPORATED 6000 GREENWOOD PLAZA BLVD SUITE 20 GREENWOOD VILLAGE CO 80111 CONSTRUCTION 1012478 46 78955 23230 7618499 12125305 2543991 19845989 TUITION AND FEES 611310 148494468 148494468 RESIDENT HALLS 721000 10985713 10985713 CAFETERIA 611310 4997781 4997781 EDUCATIONAL PROGRAMS 611310 1217320 1217320 AUXILIARY INCOME 722210 1118945 1118945 2608934 2055509 197473 355952 169423161 1901343 -64436 1965779 46407 6892 39515 39515 39515 45675424 12143656 45027038 1445128 648386 10698528 11346914 11346914 13090 78955 27929 -14839 -14839 202542083 168869736 172552 13653806 140492 140492 64780480 64780480 2839501 865194 1691800 282507 58315732 44638482 12158942 1518308 4193031 3055785 1013527 123719 8107992 4120846 3774280 212866 4184425 3164696 900714 119015 2048093 930474 907559 210060 564263 3544 541729 18990 226865 226865 60000 60000 510505 510505 333395 280327 53068 1385491 1025252 355551 4688 6318709 4140684 1938831 239194 2706166 485280 2211457 9429 5862497 2225272 3632217 5008 1922924 1621835 248492 52597 747861 613745 123486 10630 2086404 1898685 187719 7466298 6928521 537777 859157 160176 698981 STUDENT DINING SERVICES 4060919 3914450 123615 22854 ALLOCATION OF DEPT EXP 0 17838981 -17838981 6044706 4951725 980720 112261 185765906 167784926 15038854 2942126 17336 30650 76916517 72537000 6594928 5300733 4742537 3822312 38593 18408 2326665 2159979 252134989 99430937 135429370 152704052 110414830 121643680 3467146 3704227 475000 475000 17899420 17459092 358322342 379855133 17543251 20399837 2176766 2112612 81803339 77021276 513319 529318 4381081 11188225 106417756 111251268 X 147944199 160169946 103960387 108433919 251904586 268603865 358322342 379855133 X 16776177 446243 -523141 X 0 1 X 1 1 1 X 12942832 17206167 10292617 12764600 19845989 73052205 12942832 17206167 10292617 12764600 19845989 73052205 8536412 64515793 980168 1254361 1109633 3239716 1965779 8549657 38361 38361 81640223 790215361 0.79020 0.79380 X PART I, LINE 2: THE UNIVERSITY RECEIVED TAX EXEMPTION AS A SCHOOL UNDER IRC 170(B)(1)(A)(II), HOWEVER, IT IS COMPLETING PART II OF SCHEDULE A TO SHOW THAT IT MEETS THE PUBLIC SUPPORT TEST UNDER 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 60000 60000 60000 60000 182766256 171241596 182826256 171301596 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 67000 60000 60000 60000 247000 250000 250000 250000 250000 1000000 1500000 0 0 X 0 0 1 X 106630280 14938445 -718074 5333738 115516913 108329603 1521840 1965488 5186651 106630280 97994018 10021647 5107688 4793750 108329603 92083745 938212 8756251 3784189 97994018 92479496 3125950 75409 3597111 91083745 0.34960 0.52210 0.12830 1 1 1 2479994 2479994 156899368 62824717 94074651 38305713 22518687 15787026 16638762 12060248 4578514 37811152 2027285 35783867 152704052 ANNUITIES PAYABLE 4439779 GOVERNMENT GRANTS REFUNDABLE 1445134 LEASE LIABILITY 5303312 11188225 X 136545193 446243 -1216584 -770341 137315534 510505 64716044 65226549 202542083 120481813 6892 6892 120474921 510505 64780480 65290985 185765906 PART III, LINE 4: PAINTINGS AND SCULPTURES BY VARIOUS ARTISTS. PART IV, LINE 2B: DEPOSITS HELD IN TRUST FOR OTHERS REPRESENTS GIFTS RECEIVED BY THE UNIVERSITY WHERE A PORTION OF THE GIFT BENEFITS OTHER NONPROFIT ORGANIZATIONS. THE UNIVERSITY PROVIDES INVESTMENT MANAGEMENT SERVICES FOR THOSE OTHER ORGANIZATIONS' ENDOWMENT OR RESERVE FUNDS. EACH ORGANIZATION'S INTEREST IS DETERMINED THROUGH A UNITIZATION PROCESS BASED ON THE FAIR VALUE OF THE ASSETS PLACED IN THE POOL BY EACH PARTICIPANT. INVESTMENT INCOME AND NET REALIZED AND UNREALIZED GAINS AND LOSSES ARE ALLOCATED EQUITABLY BASED ON THE NUMBER OF UNITS ASSIGNED TO EACH PARTICIPANT. A LIABILITY IS RECORDED AT THE ESTIMATED FAIR VALUE OF ASSETS DEPOSITED WITH THE UNIVERSITY. AT MAY 31, 2020, THE BALANCE THAT WAS HELD IN CUSTODY BY THE UNIVERSITY AMOUNTED TO $698,473. PART V, LINE 4: THE QUASI ENDOWMENT IS INTENDED TO SUPPLEMENT THE UNIVERSITY'S OPERATING FUNDS. PERMANENTLY AND TEMPORARILY (TERM) RESTRICTED ENDOWMENTS ARE DESIGNATED TO FUND SCHOLARSHIPS FOR STUDENTS, PROFESSORSHIPS, UNIVERSITY PROGRAMS, AND BUILDING MAINTENANCE. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE CONSOLIDATED FINANCIAL STATEMENTS RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 6,892. FOUNDATION'S REVENUE REPORTED ON A SEPARATE RETURN -635,899. ACTUARIAL ADJUSTMENT -587,577. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 64,780,480. UNRELATED BUSINESS INCOME FROM PARTNERSHIPS -64,436. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 6,892. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 64,780,480. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 (1) RACIAL NONDISCRIMINATION POLICY IS INCLUDED IN A RESOLUTION OF THE BOARD OF REGENTS (GOVERNING BODY) (2) THE MATERIAL IS LOCATED ON APPLICATIONS (HARD COPY AND ONLINE). (3) STATEMENT - CALIFORNIA LUTHERAN UNIVERSITY IS COMMITTED TO ENSURING EQUAL OPPORTUNITY TO ALL PERSONS, AND DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, RELIGION, AGE, SEXUAL ORIENTATION, MARITAL STATUS, VETERAN'S STATUS, NATIONAL ORIGIN, OR ETHNIC ORIGIN. NO QUALIFIED INDIVIDUAL IS EXCLUDED FROM ADMISSION, EMPLOYMENT, PARTICIPATION IN ANY EDUCATIONAL PROGRAM, ACTIVITY, OR FACILITY BY REASON OF DISABILITY, PROVIDING THE INDIVIDUAL CAN PROPERLY PERFORM WITH REASONABLE ACCOMMODATION. (4) RACIALLY NON-DISCRIMINATORY POLICY IS POSTED ON CLU'S WEBSITE AT THE FOLLOWING ADDRESS: HTTPS://WWW.CALLUTHERAN.EDU/DIVERSITY-INITIATIVE/POLICIES.HTML SCHEDULE E, PART I, LINE 6 FEDERAL AND LOCAL FINANCIAL AID AND GRANTS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 69218 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 899886 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 324533 0 0 0 0 0 0 1293637 0 1293637 1 0 1 1 1 0 PART I, LINE 3: DIRECT COSTS PART III ACCOUNTING METHOD: VC GOLF TOURNAMENT 73295 62905 10390 2643 20684 2503 993 CNL CELEBRATION 18750 16050 2700 1106 2 92045 78955 13090 2643 20684 2503 993 1106 27929 -14839 1 KINGSMEN SHAKESPEARE COMPANY PO BOX 1772 THOUSAND OAKS CA 91358 742907782 501(C)(3) 140492 THE KINGSMEN SHAKESPEARE COMPANY, A 501(C)(3), PERFORMS SHAKESPEARE PLAYS ON THE UNIVERSITY PROPERTY 1 0 SCHOLARSHIPS, TUITION REDUCTION 2948 0 64780480 FMV TUITION IS REDUCED BY THE AMOUNT OF INDIVIDUAL SCHOLARSHIPS AWARDED TO STUDENTS. PART I, LINE 2: STUDENT SCHOLARSHIPS ARE IN THE FORM OF TUITION REDUCTION, WHICH IS APPLIED DIRECTLY AGAINST A STUDENT'S ACCOUNT TO ENSURE THAT IT IS USED FOR EDUCATIONAL PURPOSES. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 KIMBALL CHRIS PRESIDENT 439556 0 0 0 35937 0 45308 0 11216 0 532017 0 0 0 DAVIS KAREN VP, ADMINISTRATION & FINANCE 279024 0 0 0 3931 0 27916 0 1969 0 312840 0 0 0 NEILSON LEANNE PROVOST/VP, ACADEMIC AFFAIRS 266804 0 0 0 2448 0 26748 0 9085 0 305085 0 0 0 BIDDINGS-MURO REGINA VP, UNIVERSITY ADVANCEMENT 226846 0 0 0 22385 0 22685 0 8685 0 280601 0 0 0 APFELTHALER GERHARD DEAN, SCHOOL OF MANAGEMENT 237938 0 0 0 1073 0 22233 0 10722 0 271966 0 0 0 DOMICONE HARRY PROFESSOR/DIRECTOR OF IMBA 217963 0 0 0 2971 0 18421 0 2745 0 242100 0 0 0 WARD MATTHEW VP, ENROLLMENT MANAGEMENT & MARKETIN 192175 0 0 0 637 0 20634 0 10644 0 224090 0 0 0 VAN OMMEREN RYAN ASSOCIATE VP, FACILITY OPERATIONS 191028 0 0 0 1666 0 19033 0 10913 0 222640 0 0 0 VAIMAN VLAD PROFESSOR 189653 0 0 0 539 0 17730 0 10508 0 218430 0 0 0 GERSON MICHAEL PROFESSOR 194554 0 0 0 1689 0 16314 0 5336 0 217893 0 0 0 ROPER MELINDA VP, STUDENT AFFAIRS/DEAN OF STUDENTS 185552 0 0 0 878 0 18791 0 10792 0 216013 0 0 0 MARCEY DAVID PROFESSOR 182151 0 0 0 1754 0 13722 0 8289 0 205916 0 0 0 DAMOOEI JAMSHID PROFESSOR 174859 0 0 0 1977 0 13509 0 11872 0 202217 0 0 0 PARHAM PATRICIA ASSISTANT VP, HUMAN RESOURCES 177100 0 0 0 4420 0 17830 0 1482 0 200832 0 0 0 PART I, LINE 1A THE UNIVERSITY OWNS A PRESIDENTIAL RESIDENCE. BY CONTRACT, THE PRESIDENT IS REQUIRED TO LIVE IN THE RESIDENCE AND HOST REGULAR EVENTS FOR THE UNIVERSITY THROUGHOUT THE YEAR. THE UNIVERSITY PAYS ALL THE EXPENSES FOR THE PRESIDENT'S RESIDENCE. THE UNIVERSITY ALSO PAYS FOR THE PRESIDENT'S MEMBERSHIP TO THE LOCAL ROTARY CLUB. HE ATTENDS FOR COMMUNITY SERVICE, OUTREACH, AND FUNDRAISING OPPORTUNITIES. A PORTION OF THE BENEFITS LISTED WERE TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. PART I, LINE 4B THE EMPLOYEE WHO QUALIFIES FOR A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN WILL EARN A FIXED AMOUNT OF CREDIT AND ELIGIBLE INTEREST TO HIS OR HER DEFERRED COMPENSATION ACCOUNT. THE RIGHT OF THE EMPLOYEE TO RECEIVE THE AMOUNTS IS CONTINGENT UPON HIS OR HER CONTINUED PERFORMANCE IN ACCORDANCE WITH THE EMPLOYMENT AGREEMENT. DURING THE YEAR, CHRIS KIMBALL, THE PRESIDENT PARTICIPATED IN THE PLAN AND RECEIVED THE BENEFIT OF $17,308. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048VDW5 2018-08-16 87510724 TO FINANCE CAPITAL PROJECTS, CURRENT REFUND PRIOR OBLIGATIONS, AND PAY COSTS 0 0 0 A 7425000 88145166 795908 4999748 71974466 10375044 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 PART I, COLUMN (F): THE BONDS CURRENT REFUNDED THE ISSUER'S 2014AB TAX-EXEMPT LOAN (ISSUED DECEMBER 2, 2014) AND THE CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY REVENUE BONDS, SERIES 2008 (ISSUED ON JULY 31, 2008). PART I, COLUMN (E) AND PART II, LINE 3: THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE TOTAL PROCEEDS OF THE ISSUE IS INTEREST EARNED ON BOND PROCEEDS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE INTERNAL REVENUE CODE. PART IV, LINE 2(B): THE CURRENT REFUNDING PORTION OF BONDS HAS MET THE 6-MONTH EXCEPTION TO REBATE. X 19 2543991 HIGH/LOW AVERAGE 0 0 1 1 PART I, COLUMN (B): THE AMOUNT REPORTED IN COLUMN (C) FOR LINE 9 REPORTS THE NUMBER OF DONORS OF PUBLICLY TRADED STOCK. PART I, LINE 32B: THE UNIVERSITY USES A REGISTERED INVESTMENT FIRM TO SELL ANY STOCK GIFTS RECEIVED. IF A GIFT OF REAL ESTATE IS RECEIVED, THE UNIVERSITY HIRES A LICENSED REAL ESTATE AGENT TO FACILITATE THE SALE. PART I, LINE 33: THE UNIVERSITY DOES NOT RECOGNIZE NON-CASH GIFTS (OTHER THAN STOCK) WITH A DONOR-STATED VALUE UNDER $5,000. FOR VALUES EXPECTED TO EXCEED $5,000, THE UNIVERSITY WILL OBTAIN AN APPRAISAL. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF REGENTS HAS AN EXECUTIVE COMMITTEE THAT HAS AUTHORITY TO ACT ON BEHALF OF THE BOARD OF REGENTS ON ALL MATTERS, EXCEPT FOR CERTAIN RESTRICTIONS LAID OUT IN THE BYLAWS FOR ALL COMMITTEES AND THE FOLLOWING WHICH ARE RESERVED FOR THE BOARD: (I) PRESIDENTIAL SELECTION AND TERMINATION; (II) CHARTER AND BYLAW AMENDMENT; (III) CHANGE IN THE CORPORATION'S MISSION; (IV) INCURRING CORPORATE INDEBTEDNESS; (V) APPROVAL OF THE ANNUAL BUDGET; AND (VI) CONFERRAL OF DEGREES. AT ALL TIMES, THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF NO FEWER THAN EIGHT (8) MEMBERS OF THE FULL BOARD AND SHALL INCLUDE THE CHAIR OF THE BOARD, WHO WILL PRESIDE, THE VICE CHAIR OF THE BOARD (IF ANY), THE SECRETARY (IF A REGENT) AND THE CHAIR OF THE TRUSTEESHIP COMMITTEE. THE REMAINING FOUR (4) (OR MORE) POSITIONS WILL BE RECOMMENDED BY THE TRUSTEESHIP COMMITTEE TO BE ELECTED BY THE BOARD OF REGENTS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE UNIVERSITY CONSISTS OF UP TO EIGHTY-FIVE (85) CONVOCATORS CONSISTING OF: (I) FIFTY-FIVE (55) MEMBERS FROM THE FIVE CONSTITUENT SYNODS, ELEVEN (11) MEMBERS, INCLUDING THE BISHOP OF THAT SYNOD SHALL REPRESENT EACH SYNOD; (II) EIGHT (8) MEMBERS ELECTED AT-LARGE FOR THE PURPOSE OF REPRESENTING OTHER INTEREST GROUPS PERTINENT TO THE UNIVERSITY (III) TWELVE (12) MEMBERS SHALL REPRESENT THE SYNODS OF REGION I; (IV) FOUR (4) MEMBERS SHALL BE FACULTY OF THE UNIVERSITY; (V) FIVE (5) MEMBERS SHALL BE STUDENTS OF THE UNIVERSITY; (VI) ONE (1) MEMBER SHALL BE THE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD REGENTS ARE ELECTED BY THE BOARD OF REGENTS UPON RATIFICATION BY THE CONVOCATION EXCEPT FOR VOTING EX-OFFICIO REGENTS CONSISTING OF FOLLOWING: THE CHAIR OF THE CONVOCATION, THE PRESIDENT OF THE UNIVERSITY, THE FACULTY CHAIR, THE CHAIR OF THE ADVISORY BOARD ELECTED BY THE ADVISORY BOARD OF PACIFIC LUTHERAN THEOLOGICAL SEMINARY, THE ALUMNI BOARD REPRESENTATIVE, THE UNDERGRADUATE STUDENT BODY PRESIDENT, THE GRADUATE STUDENT REPRESENTATIVE, AND THE BISHOP ASSIGNED BY THE BISHOPS OF REGION II OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. FORM 990, PART VI, SECTION A, LINE 7B SUBJECT TO THE CONVOCATOR'S RIGHTS BELOW, THE BOARD OF REGENTS MAY ADOPT, AMEND, OR REPEAL BYLAWS UNLESS DOING SO WOULD MATERIALLY AND ADVERSELY AFFECT THE CONVOCATORS' RIGHTS AS TO VOTING OR TRANSFER. ANY BYLAW AMENDMENT WHICH MATERIALLY AND ADVERSELY AFFECTS THE PROVISIONS OF THESE BYLAWS THAT GIVE VOTING RIGHTS OR SUBSTANTIVE OR PROCEDURAL PROTECTIONS FOR THE BENEFIT OF PACIFIC LUTHERAN THEOLOGICAL SEMINARY (PLTS) OR THE ADVISORY BOARD OF PLTS SHALL NOT BECOME EFFECTIVE UNTIL THE AMENDMENT HAS BEEN APPROVED BY THE CHURCH COUNCIL. THE CONVOCATOR'S POWER TO ADOPT, AMEND OR REPEAL BYLAWS IS ALSO SUBJECT TO THE FOLLOWING LIMITATIONS: (I) WHERE ANY PROVISION OF THESE BYLAWS REQUIRES THE VOTE OF A LARGER PROPORTION OF THE CONVOCATORS THAN OTHERWISE IS REQUIRED BY LAW, SUCH PROVISION MAY NOT BE ALTERED, AMENDED OR REPEALED EXCEPT BY THE VOTE OF SUCH GREATER NUMBER; AND (II) NO AMENDMENT MAY EXTEND THE TERM OF A REGENT BEYOND THAT FOR WHICH SUCH REGENT WAS ELECTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND REVIEWED BY THE CONTROLLER AND VICE PRESIDENT OF ADMINISTRATION & FINANCE. THE FORM 990 IS POSTED ON AN INTERNAL WEBSITE WITH ACCESS GIVEN TO ALL BOARD MEMBERS. THE BOARD OF REGENTS OF THE UNIVERSITY HAS DELEGATED THE FORMAL REVIEW TO THE ADMINISTRATION AND FINANCE COMMITTEE OF THE BOARD. AFTER THE ADMINISTRATION AND FINANCE COMMITTEE COMPLETE THEIR REVIEW, THE PRESIDENT OF THE UNIVERSITY SIGNS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY REQUIRES ALL BOARD OF REGENTS, OFFICERS, FACULTY MEMBERS AND STAFF TO BE FAMILIAR WITH THE TERMS OF THE CONFLICT OF INTEREST POLICY; DISCLOSE TO THE BOARD SECRETARY ANY POSSIBLE PERSONAL, FAMILIAL, CLOSE OR BUSINESS RELATIONSHIPS THAT REASONABLY MIGHT GIVE RISE TO A CONFLICT INVOLVING THE UNIVERSITY; AND ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY. IN THE CASE OF OFFICERS AND OTHER DESIGNATED EMPLOYEES, AN ANNUAL DISCLOSURE WILL BE COMPLETED AND FILED WITH THE OFFICE OF THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE. EACH MEMBER OF THE STAFF AND FACULTY NOT COMPLETING AN ANNUAL AFFIRMATIVE STATEMENT MUST PROMPTLY REPORT ANY PERCEIVED OR ACTUAL CONFLICT OF INTEREST TO THEIR APPROPRIATE SENIOR ADMINISTRATOR. THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE SHALL REVIEW THE ANNUAL DISCLOSURE STATEMENTS OF OFFICERS AND DESIGNATED EMPLOYEES AND ANY REPORTED PERCEIVED OR ACTUAL CONFLICTS OF INTEREST. EXCEPTIONS WILL BE PROMPTLY REPORTED TO THE AUDIT COMMITTEE OF THE BOARD AT ITS NEXT MEETING. BOARD OF REGENTS SHALL REPORT TO THE SECRETARY OF THE BOARD OF REGENTS. AFTER DISCLOSURE, SUCH PERSONNEL SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT IS ESTABLISHED BY THE BOARD OF REGENTS. ANNUALLY, THE PRESIDENTIAL COMPENSATION COMMITTEE OF THE BOARD OF REGENTS REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE, MARKET RATE INFORMATION, PERFORMANCE AND MAKES RECOMMENDATIONS TO THE FULL BOARD FOR ANY ADJUSTMENTS TO THE PRESIDENT'S COMPENSATION. AN INDEPENDENT COMPENSATION CONSULTANT IS UTILIZED ON AT LEAST A BI-ANNUAL BASIS TO ANALYZE CURRENT MARKET COMPARISON DATA. THE PROCESS IS DOCUMENTED IN MEETING MINUTES. ANNUALLY, THE PRESIDENT'S COMPENSATION IS REVIEWED BY A SUBCOMMITTEE OF THE BOARD CALLED THE PRESIDENT'S COMPENSATION COMMITTEE TO ENSURE IT AGREES WITH THE COMPENSATION AGREEMENT. ANY CHANGES IN THE PRESIDENT'S COMPENSATION REQUIRED APPROVAL FROM THE FULL BOARD. THE COMPENSATION OF ALL THE VICE PRESIDENTS IS ESTABLISHED BY THE PRESIDENT AND IS BASED ON REGIONAL COMPENSATION MARKET DATA, INTERNAL DATA, AND JOB PERFORMANCE. COMPENSATION STUDIES ARE CONDUCTED BY THE HUMAN RESOURCES DEPARTMENT. THE ASSISTANT VICE PRESIDENT FOR HUMAN RESOURCES PROVIDES THE PRESIDENT WITH THE MOST RECENT COMPENSATION STUDY PRIOR TO ANNUAL COMPENSATION INCREASES TO KEY OFFICERS. 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: ACTUARIAL ADJUSTMENT -587,577. UNRELATED BUSINESS INCOME FROM PARTNERSHIPS 64,436. CALIFORNIA LUTHERAN EDUCATIONAL FOUNDATION 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 91360 770076535 FUNDRAISING CA 501(C)(3) LINE 12A, I CALIFORNIA LUTHERAN UNIVERSITY 1 CHARITABLE REMAINDER UNITRUST (9) 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 91360 CHARITABLE TRUST CA CALIFORNIA LUTHERAN UNIVERSITY T 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 CHARITABLE REMAINDER UNITRUST (9) S 862896 CASH TRANSFERRED CALIFORNIA LUTHERAN EDUCATIONAL FOUNDATION 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 913602700 953962604 0 0 0 23230 23230 4646 1162 0 0 0