2019-05-15T16:54:30-05:00 2018-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2017-07-01 930386839 GEORGE FOX UNIVERSITY GEOR 5035388383 414 N MERIDIAN STREET NEWBERG OR 97132 VICKI PIERSALL CFO 5035388383 2019-05-15 1 WENDY CAMPOS P00448102 5032421447 2019-05-15 12.129.7.100 2019-05-15 15:25:06 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CEB32098E0DA78823741A708D31426FEC07C0BDB 2017 2019-02-21 02:37:17Z VICKI PIERSALL 414 N MERIDIAN STREET NEWBERG OR 97132 177656207 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 4,000 STUDENTS. 37 34 2772 187 0 9294 8813071 5508798 117900835 122290841 470041 2932485 1269646 2265463 128453593 132997587 34655749 36610548 0 0 52120527 55805256 0 0 951243 27946752 29430583 114723028 121846387 13730565 11151200 158864075 172443298 43603589 46038086 115260486 126405212 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 63155708 36263555 83806491 QUALITY UNDERGRADUATE EDUCATION IN THE HUMANITIES, SCIENCES AND PROFESSIONAL STUDIES, WITH MORE THAN 40 MAJORS. 15064801 346993 24341655 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. 7058690 0 0 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. 19225963 0 2265463 ADMISSIONS, HOUSING, FOOD SERVICE AND MANAGEMENT & GENERAL. 19225963 0 2265463 104505162 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 1 0 0 0 1 0 0 0 1 5330 0 1 2772 1 1 1 0 0 0 1 1 0 1 1 0 0 0 X 37 34 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 DAVE GREEN TRUSTEE CHAIR 5.00 X X 0 0 0 DEBORAH A MARTIN TRUSTEE VICE CHAIR 5.00 X X 0 0 0 DAVID WOOLSEY TRUSTEE SECRETARY 5.00 X X 0 0 0 DAVID ANDERSEN TRUSTEE 5.00 X 0 0 0 PATRICIA ANDERSON TRUSTEE 5.00 X 0 0 0 LARRY BAILEY TRUSTEE 5.00 X 0 0 0 KEN BEEBE TRUSTEE 5.00 X 0 0 0 CARRIE LAMM BISHOP TRUSTEE 5.00 X 0 0 0 DAN CAMMACK TRUSTEE 5.00 X 0 0 0 DON G CARTER TRUSTEE 5.00 X 0 0 0 RAYMOND CHEUNG TRUSTEE 5.00 X 0 0 0 GORDON L CRISMAN TRUSTEE 5.00 X 0 0 0 MIKE DELK TRUSTEE 5.00 X 0 0 0 FRANK ENGLE TRUSTEE 5.00 X 0 0 0 KEITH G GALITZ TRUSTEE 5.00 X 0 0 0 SCOTT GRATSINGER TRUSTEE 5.00 X 0 0 0 STEPHEN GULLEY TRUSTEE 5.00 X 0 0 0 DALE W HADLEY TRUSTEE 5.00 X 0 0 0 ERIC HAGEN TRUSTEE 5.00 X 0 0 0 ESTLE HARLAN TRUSTEE 5.00 X 0 0 0 ANDREA HERLING TRUSTEE 5.00 X 0 0 0 BRENT KIMBERLY TRUSTEE 5.00 X 0 0 0 PAULA KINNEY TRUSTEE 5.00 X 0 0 0 JIM LE SHANA TRUSTEE 5.00 X 0 0 0 HEATHER LEWIS TRUSTEE 5.00 X 0 0 0 STANLEY D MORSE TRUSTEE 5.00 X 0 0 0 BARBARA D PALMER TRUSTEE 5.00 X 0 0 0 BRENT PETERSON TRUSTEE 5.00 X 0 0 0 VICTOR A PETERSON TRUSTEE 5.00 X 0 0 0 CAROLYN RAYBACK TRUSTEE 5.00 X 0 0 0 KEN REDFORD TRUSTEE 5.00 X 0 0 0 TRUMAN STONE TRUSTEE 5.00 X 0 0 0 STEPHEN M TATONE TRUSTEE 5.00 X 0 0 0 KENT L THORNBURG TRUSTEE 5.00 X 0 0 0 LANA THURSTON TRUSTEE 5.00 X 0 0 0 DAVE VANDELINDE TRUSTEE 5.00 X 0 0 0 SCOTT WINTER TRUSTEE 5.00 X 0 0 0 THEODORE E ALLEN EXEC VP AND CHIEF OPERATIN 60.00 X 308491 0 19817 LYNN E ANDREWS VP FOR ADVANCEMENT 60.00 X 160954 0 15931 ROBIN E BAKER PRESIDENT 60.00 X 557009 0 63036 RYAN DOUGHTERY VP ENROLLMENT & MARKETING 60.00 X 99462 0 25971 BRADLEY LAU VP FOR STUDENT LIFE 60.00 X 134019 0 58443 VICKI PIERSALL CFO 60.00 X 82983 0 12 LINDA L SAMEK PROVOST 60.00 X 180188 0 24241 ROBERT K WESTERVELT EXEC VP FOR ENROLLMENT & M 60.00 X 199065 0 25491 JAMES FOSTER DEAN, BEHAVIORAL HEALTH SCIENCES 50.00 X 139253 0 7750 ROBERT HARDER DEAN, COLLEGE OF ENGINEERI 50.00 X 147540 0 25956 LAURA HARTLEY DEAN, COLLEGE OF ARTS & SCIENCES 50.00 X 118491 0 61054 JEFFERY HOUCK DIRECTOR OF RESEARCH, PROF 50.00 X 125874 0 21588 MARY PETERSON PROFESSOR CLINICAL PSYCHOL 50.00 X 143017 0 22065 2396346 0 371355 33 0 1 0 BON APPETIT PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 4239690 TODD CONSTRUCTION INC PO BOX 949 TUALATIN OR 97062 CONSTRUCTION SERVICES 1995992 B AND B PRINT SOURCE 9040 SW BURNHAM ROAD TIGARD OR 97223 PRINTING SERVICES 370971 SODERSTROM ARCHITECTS 1200 NW NAITO PARKWAY PORTLAND OR 97209 ARCHITECTURE SERVICES 364509 WINGZ TRAVEL AND TOURS 9021 KINSALE CIRCLE H ENRICO VA 23228 TRAVEL SERVICES 338381 24 5508798 368880 5508798 STUDENT TUITION & FEES 611600 108148146 108148146 AUXILIARY ENTERPRISES 900099 14142695 14142695 122290841 1289969 1289969 46276978 24158 44648871 9749 1628107 14409 1642516 1642516 ACTIVITY FEES & OTHER 611310 2265463 2265463 2265463 132997587 110413609 0 17075180 36610548 36610548 1538658 512198 776422 250038 40876548 33143531 7355737 377280 1650696 1329442 310300 10954 8980430 4353134 4582664 44632 2758924 2194553 521377 42994 224378 10859 213519 127295 127295 238608 238608 6354079 5488720 815110 50249 1173443 36636 1136612 195 5748763 3879217 1817136 52410 530849 117521 413328 2221423 204170 1977228 40025 4120814 3716207 381001 23606 799665 703022 85722 10921 1027285 500405 526880 3374520 2775859 598661 564501 108078 456423 MAINTENANCE 1214941 112931 1102010 ENTERTAINMENT 952421 843391 99254 9776 MEMBERSHIPS 481403 207307 270601 3495 OVERHEAD ALLOCATED 0 7486303 -7486303 276195 171130 70397 34668 121846387 104505162 16389982 951243 24330 24530 36539172 2666492 4363261 2715266 989918 1180937 1354561 1388922 372730 169709 163390447 62400890 89425075 100989557 25685387 63200374 109641 107511 158864075 172443298 5715399 7614585 6972558 6877304 19274137 21640776 4545110 4158387 1078756 959407 6017629 4787627 43603589 46038086 X 85297768 97361448 10568415 9098832 19394303 19944932 115260486 126405212 158864075 172443298 X 11151200 -866547 860073 X 0 1 X 1 1 1 X 24000 294447 0 0 X X X X 0 22821150 483203 1345936 659847 239534 111028 23639880 20442093 1054392 2211600 651981 234954 22821150 20894426 947281 -530355 663352 205907 20442093 21568324 151458 -656 824700 20894426 18709173 918559 2697106 756514 21568324 0.10800 0.81200 0.08000 1 0 14026322 14026322 99092854 33461114 65631740 9283180 4704533 4578647 28267963 24235243 4032720 12720128 12720128 100989557 ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE AND CHARITABLE REMAINDER TRUSTS 2620719 INTEREST RATE SWAPS LIABILITY 2166908 4787627 X 96176297 -866547 -35716135 -36582682 132758979 238608 238608 132997587 85031571 34340 34340 84997231 238608 36610548 36849156 121846387 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, 2018 AND 2017. THE UNIVERSITY RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS, IF ANY, AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED JUNE 30, 2018 AND 2017, THE UNIVERSITY RECOGNIZED NO INTEREST AND PENALTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAPS LIABILITY 964,259. CHANGE IN PRESENT VALUE OF ANNUITIES PAYABLE -33,229. CHANGE IN PRESENT VALUE OF CHARITABLE REMAINDER TRUSTS -36,617. FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS -36,610,548. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR PLEDGE WRITEOFFS 34,340. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 36,610,548. 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. 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. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 4 PROGRAM SERVICES ADMISSION COUNSELING 40000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 38656 0 4 0 0 0 4 78656 0 78656 0 0 0 0 0 0 PART I, LINE 3: EXPENDITURES FOR EAST ASIA AND THE PACIFIC ARE ACCOUNTED FOR UNDER THE ACCRUAL METHOD. EXPENDITURES FOR CENTRAL AMERICA AND THE CARIBBEAN ARE USING FMV. 1 ACADEMIC SCHOLARSHIPS 2263 26524595 PERFORMANCE SCHOLARSHIPS 540 795950 SEOG GRANTS 372 296556 ENDOWED & DESIGNATED SCHOLARSHIPS 328 956604 OTHER SCHOLARSHIPS 1620 8036843 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 1 0 1 0 THEODORE E ALLEN EXEC VP AND CHIEF OPERATIN 287091 0 21400 0 0 0 6420 0 13397 0 328308 0 0 0 LYNN E ANDREWS VP FOR ADVANCEMENT 160954 0 0 0 0 0 8850 0 7081 0 176885 0 0 0 ROBIN E BAKER PRESIDENT 537009 0 20000 0 0 0 21761 0 41275 0 620045 0 0 0 BRADLEY LAU VP FOR STUDENT LIFE 123019 0 11000 0 0 0 7740 0 50703 0 192462 0 0 0 LINDA L SAMEK PROVOST 166688 0 13500 0 0 0 9900 0 14341 0 204429 0 0 0 ROBERT K WESTERVELT EXEC VP FOR ENROLLMENT & M 160065 0 39000 0 0 0 9960 0 15531 0 224556 0 0 0 ROBERT HARDER DEAN, COLLEGE OF ENGINEERI 145526 0 2014 0 0 0 7667 0 18289 0 173496 0 0 0 LAURA HARTLEY DEAN, COLLEGE OF ARTS & SCIENCES 116477 0 2014 0 0 0 7209 0 53845 0 179545 0 0 0 MARY PETERSON PROFESSOR CLINICAL PSYCHOL 141003 0 2014 0 0 0 6346 0 15719 0 165082 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. PART I, LINE 6 AN ACROSS THE BOARD BONUS WAS ACCRUED FOR ALL NON-OFFICER EMPLOYEES (INCLUDING HIGHEST COMPENSATED EMPLOYEES LISTED IN 990, PART VII, SECTION A, LINE 1A) BASED ON A BOARD MANDATED FORMULA BASED ON A SPECIFIC CALCULATION OF UNRESTRICTED NET EARNINGS. THE BONUSES WERE ACCRUED IN THE CURRENT TAX YEAR, TO BE PAID IN THE NEXT FISCAL YEAR. PART I, LINE 7 NON-FIXED BONUSES ARE AWARDED BASED ON ACHIEVEMENT OF SPECIFIC PERFORMANCE METRICS. A YAMHILL COUNTY OREGON SERIES 2012A GEORGE FOX UNIVERSITY PROJECT 936002318 000000000 2012-07-04 19461225 RE-FINANCE OF 2005 BOND ISSUE 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 148530 2130370 12721100 0 0 0 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 0 0 0 0 0 0 0 1 A 1 B 1 STOEL RIVES LLP TRUSTEE DAVID GREEN 205176 LEGAL SERVICES 0 POLLY PETERSON RELATIVE OF TRUSTEE BRENT PETERSON 56825 RELATIVE EMPLOYED BY GFU 0 MATT STUMP RELATIVE OF TRUSTEE STAN MORSE 62371 RELATIVE EMPLOYED BY GFU 0 BEN HARTLEY RELATIVE OF HI PAID EMPL. LAURA HARTLEY 32237 RELATIVE EMPLOYED BY GFU 0 X 1 24000 APPRAISAL X 8 169880 FMV BROKER X 1 175000 APPRAISAL 0 1 0 PART I, COLUMN (B): NUMBER REPORTED IS THE NUMBER OF CONTRIBUTIONS. 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 - AUGUST 2017 THROUGH JUNE 2018. VP OF ENROLLMENT AND MARKETING - JULY 2017 THROUGH JUNE 2019. VP OF STUDENT LIFE - JUNE 2015 THROUGH JUNE 2018. VP OF ADVANCEMENT - THIS POSITION WAS VACANT DECEMBER 15, 2017 THROUGH JUNE 2018. PROVOST - JUNE 2015 THROUGH JUNE 2018. 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: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAPS LIABILITY 964,259. CHANGE IN PRESENT VALUE OF ANNUITIES PAYABLE -33,229. CHANGE IN PRESENT VALUE OF CHARITABLE REMAINDER TRUSTS -36,617. WRITE-OFF OF PRIOR YEAR PLEDGES -34,340. 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