2018-01-30T08:07:04-06:00 2017-05-31 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2016-06-01 951916051 Hope International University HOPE 7148793901 2500 E Nutwood Ave Fullerton CA 92831 Frank Scotti VP for Business and Finance 7148793901 2018-01-30 1 David C Moja P00747006 7149619300 173.240.105.108 2018-01-30 09:06:55 US P 72271F980C62DA7DA9CDBA9A25BC3C3C4DA140C0 E5D20CE9D76ECF41022D4F4DD4360158C2321DF4 2016 2021-01-29 14:40:06Z John Derry 2500 E Nutwood Ave Fullerton CA 92831 31358919 0 X www.hiu.edu X 1928 CA Empowering students through Christian higher education to serve the Church & world for Christ. 16 16 780 50 0 0 1451801 1681415 26573353 28375486 314793 171973 312148 426438 28652095 30655312 7357230 7969027 0 0 12884317 14739341 0 0 878946 9000520 10582594 29242067 33290962 -589972 -2635650 37921332 36165738 17003406 17591763 20917926 18573975 X The mission of Hope International University is to empower students through Christian higher education to serve the church and impact the world for Christ. The University specializes in fields offering significant influence on society (e.g., business, education, health sciences, social sciences, and ministry). Hope stresses practical scholarship, servant leadership, and community service. 0 0 27571916 7969027 28375486 Hope International University is an independent, comprehensive institution of higher learning offering undergraduate and graduate degrees. The University maintains a close affiliation with the Christian Churches and Churches of Christ. Founded in 1928, HIU has expanded its educational offerings to include degree programs through five colleges. In 2016 HIU served 2,349 undergraduate and graduate students in degree and certificate programs provided both on-ground and online through two main campuses in Southern California and Papillion, Nebraska. 27571916 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 138 0 1 780 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Frank Scotti 7148793901 2500 E Nutwood Ave Fullerton CA 92831 X Yurek Thaddeus Chairman 0.50 X X 0 0 0 Odor Kevin Vice Chair 0.50 X X 0 0 0 Lukas Richard Secretary/Treasurer 0.50 X X 0 0 0 Apple Gene Board of Trustees Member 0.50 X 0 0 0 Baird Jan Board of Trustees Member 0.50 X 0 0 0 Carpenter Glenn Board of Trustees Member 0.50 X 0 0 0 Clausen Christine Chris Board of Trustees Member 0.50 X 0 0 0 Harrison Michael Board of Trustees Member 0.50 X 0 0 0 Jernigan Jeremy Board of Trustees Member 0.50 X 0 0 0 Joanou Dana Board of Trustees Member 0.50 X 0 0 0 Londen Mrs Lynn Board of Trustees Member 0.50 X 0 0 0 Puckett Charles Board of Trustees Member 0.50 X 0 0 0 Rowe Don Board of Trustees Member 0.50 X 0 0 0 Sherman Drew Board of Trustees Member 0.50 X 0 0 0 Taylor Jamese Board of Trustees Member 0.50 X 0 0 0 Templeton Bruce Board of Trustees Member 0.50 X 0 0 0 Derry John President 40.00 X 161547 0 122412 Scotti Frank VP for Business & Finance 40.00 X 168896 0 11324 Alexander Paul VP for Academic Affairs 40.00 X 109205 0 98239 Mulryan Michael VP for Institutional Adv. 40.00 X 140392 0 9975 Smith Teresa VP for Enrollment 40.00 X 119421 0 6738 699461 0 248688 5 0 1 0 Provider Contract Foodservice 7119 Indiana Avenue Riverside CA 92504 Cafeteria Services 1293484 Direct Print & Promotion 545 W Allen Ave 5 San Dimas CA 91773 Printing Services 201510 NCS Pearson Inc 13036 Collection Center Drive Chicago IL 60693 Online Classroom License 197500 DayCloud Studios LLC 12956 Hamilton Street Omaha NE 68154 Advertising 113031 4 113400 55152 1512863 21998 1681415 Tuition and fees 611600 24698786 24698786 Auxiliary 611600 3214817 3214817 Other program revenue 900099 461883 461883 28375486 145259 145259 682025 199269 482756 482756 482756 393154 366440 26714 26714 26714 81580 113400 137898 -56318 -56318 30655312 28375486 0 598411 7969027 7969027 485320 485320 32400 32400 11686960 9855975 1440075 390910 209788 187144 15221 7423 1593407 959834 594096 39477 731466 593464 117217 20785 135009 6513 128496 11829 11829 2094753 1696826 362816 35111 597117 536872 39645 20600 914563 614867 231820 67876 1728929 907913 800210 20806 642626 523390 74514 44722 62119 56440 5308 371 1522433 1154040 244562 123831 153143 70865 82278 Operations/Maintenance 1616214 1240077 313534 62603 Special Events 480652 419738 24552 36362 Food Purchase 204460 197395 5225 1840 License & Registration 164463 89798 74665 254284 459338 -211283 6229 33290962 27571916 4840100 878946 621107 141111 3241225 1688440 912938 804728 336277 350373 185000 6163 3624 631400 644819 44435652 19222525 25974838 25213127 3627604 4852892 367332 358709 2017448 2107915 37921332 36165738 2266942 2447017 314819 256775 13356463 13859789 5500 57252 1059682 970930 17003406 17591763 X 11710580 9112722 2291198 2502087 6916148 6959166 20917926 18573975 37921332 36165738 X -2635650 165751 125948 X X 0 1 X 1 1 1 X 1325487 2242652 1694678 1451801 11681415 18396033 1325487 2242652 1694678 1451801 11681415 18396033 266101 18129932 365275 617154 568026 829707 827284 3207446 9880 81580 91460 21694939 128609180 0.83570 0.72220 X Schedule A, Part II, Line 10, Explanation of Other Income: Event Fees - 2012 Amount: $ 9,880. 2016 Amount: $ 81,580. 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 qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8060565 22911 462554 161500 74304 14060 8296166 6888380 1203450 238137 161973 92162 15267 8060565 6763782 185583 309086 256729 111708 1634 6888380 5986573 773389 432572 428752 6763782 6064583 3550 379132 460692 5986573 0.03960 0.83880 0.12160 1 0 2735071 2735071 29112725 8690246 20422479 10225615 8917238 1308377 2362241 1615041 747200 25213127 Trust and Annuity Assets 1975938 Interest Receivable 16285 Other Receivable 115692 2107915 Trust and Annuity Liabilities 970930 970930 X 23315151 165751 -7843079 -7677328 30992479 -337167 -337167 30655312 25659102 337167 337167 25321935 7969027 7969027 33290962 Part V, Line 4: Hope International University's endowment funds are maintained and preserved for future use supporting various purposes within the University. Some of these funds are restricted for scholarship purposes, some are available for general University use with the approval of the Board of Trustees, and others are maintained for future University uses yet to be determined by the Board of Trustees. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of May 31, 2017 and 2016, Hope had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Hope files information tax returns in the U.S. and California. Hope is subject to income tax examinations for the current year and certain prior years based on applicable laws and regulations. Part XI, Line 2d - Other Adjustments: Scholarships and grants netted with tuition revenue -7,969,027. Change in value of interest rate swap 125,948. Part XI, Line 4b - Other Adjustments: Fundraising expenses reported on Part VIII, Line 8b -137,898. Rental expenses reported on Part VIII, line 6b -199,269. Part XII, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, line 6b 199,269. Fundraising expenses reported on Part VIII, Line 8b 137,898. Part XII, Line 4b - Other Adjustments: Scholarships and Grants 7,969,027. 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 Non-Discrimination policy is published in Hope International University's advertisements in printed media, the University Student Handbook, newspaper and magazine advertisements, and various electronic media. Schedule E, Part I, Line 6 Federal financial aid funds under Title IV are received by the University and awarded and disbursed to its students. Dinner - Spirit of Hope 163160 81580 81580 2259 96456 12200 16208 Golf Tournament 22910 22910 1548 5880 1255 302 1 8910 8910 331 1459 194980 113400 81580 4138 102336 2714 12200 16510 137898 -56318 1 Scholarships 689 7069991 Tuition Discounts 133 899036 Part I, Line 2: The Student Financial Services office of the University requires students to complete the Free Application for Federal Student Aid (FAFSA) form to determine eligibility for Federal, State, and Institutional grants, scholarships, and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the Institution does require some other guidelines in the event that funds are offered based upon certain academic credentials or performance in a University sponsored activity. These credentials are clearly stated in the University catalog and the University website. Enrollment and eligibility are monitored by the University. X 1 1 X X 0 0 0 0 0 0 0 0 0 Derry John President 161447 0 100 0 0 0 28076 0 94693 0 284316 0 0 0 Scotti Frank VP for Business & Finance 163796 0 5100 0 0 0 2721 0 8907 0 180524 0 0 0 Alexander Paul VP for Academic Affairs 106105 0 3100 0 0 0 16073 0 82462 0 207740 0 0 0 Mulryan Michael VP for Institutional Adv. 137292 0 3100 0 0 0 2130 0 8118 0 150640 0 0 0 Part I, Line 1a Housing Allowance: The University pays a portion of the salary of ordained ministers as taxable housing allowance per amount claimed on annual form and approved by the President. The President and VP for Academic Affairs received this benefit during this reporting period. The allowance is approved by the board of directors and documented in the board minutes. Jennifer Arblaster Family member of John Derry, President 32400 Part-time faculty 0 Form 990, Part VI, Section A, line 1 The organization has an Executive Committee that has the broad authority to act on behalf of the full Board. The Executive Committee consists of the following members: Board Chair, Board Vice Chair, Secretary/Treasurer, and two Board of Trustee Members. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent public accountant and reviewed in detail by the Vice President of Business and Finance and University President. The University does not consider it necessary to provide the return to the Board of Directors prior to filing. Form 990, Part VI, Section B, line 12c The organization adopted a conflict of interest policy on August 15, 2011, requiring annual signed submission of the conflict of interest form by all officers and board members. Further, accounts payable has been provided with a list of board members and officers and notifies the Controller of all transactions with related parties for review. If it is felt a potential conflict may exist, it is brought to the attention of the Vice President of Business and Finance for review. 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 Compensation programs are determined by utilizing compensation median and mean data provided by the Council for Christian Colleges and Universities. The independent Executive Committee of the Board reviews the President's compensation program on an annual basis. The Cabinet's compensation is reviewed annually along with faculty and staff. The Trustees review and make decisions on information provided to them by the President's Cabinet in this regard. All Board approved compensation is documented in the minutes. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VII Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C Form 990, Part XI, line 9: Change in value of interest rate swap 125,948. Form 990, Part XII, Line 2c: The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.