2018-04-27T16:02:45-05:00 2017-06-30 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2016-07-01 930386839 George Fox University GEOR 5035388383 414 N Meridian Street Newberg OR 97132 ROBIN E BAKER President 5035388383 2018-04-25 1 Wendy Campos P00448102 5032421447 2018-04-25 12.129.7.100 2018-04-25 13:04:45 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1133A14FFAB8169331CEB935F8079429E4018A44 2016 2021-01-29 14:40:06Z Robin E Baker 414 N Meridian Street Newberg OR 97132 135823687 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 2697 180 0 0 4864348 8813071 109137716 117900835 419276 470041 1700160 1269646 116121500 128453593 31424988 34655749 0 0 48553564 52120527 0 0 1257987 25483056 27946752 105461608 114723028 10659892 13730565 147994878 158864075 49889848 43603589 98105030 115260486 X None 0 0 58804576 34406791 80319123 Quality undergraduate education in the humanities, sciences and professional studies, with more than 40 majors. 15297929 248958 24087311 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. 6185905 0 0 Athletic programs for Men and Women developing leadership and team-building skills, including baseball, softball, volleyball, basketball, track, cross country, soccer, golf and tennis (NCAA Division 3), and student life expenditures. 16784480 0 1269646 Admissions, housing, food service and management & general. 16784480 0 1269646 97072890 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 0 0 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 1 5152 0 1 2697 1 0 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 Ken Beebe Trustee 5.00 X 0 0 0 Carrie Lamm Bishop Trustee 5.00 X 0 0 0 Don G Carter Trustee 5.00 X 0 0 0 Dan Cammack 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 Jr 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 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 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 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 Dave VandElinde Trustee 5.00 X 0 0 0 Scott Winter Trustee 5.00 X 0 0 0 Larry Bailey Trustee 5.00 X 0 0 0 Stephen Gulley 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 Carolyn Rayback trustee 5.00 X 0 0 0 Lana Thurston trustee 5.00 X 0 0 0 Theodore E Allen Exec VP Chief Operating Officer 60.00 X 252932 0 55425 Lynn E Andrews VP for Advancement 60.00 X 156364 0 25944 Robin E Baker President 60.00 X 528328 0 94423 Bradley Lau VP for Student Life 60.00 X 121291 0 55903 Linda L Samek Provost 60.00 X 172223 0 23140 Robert K Westervelt Exec VP for Enrollment & M 60.00 X 156956 0 24472 Robert Harder Dean, College of Engineeri 50.00 X 142647 0 41114 JEFFERY HOUCK DIRECTOR OF RESEARCH, PROF 50.00 X 120316 0 21529 Mary Peterson Professor Clinical Psychol 50.00 X 131117 0 55511 James Foster Dean, Behavior Health Sciences 50.00 X 125978 0 7282 William Headley Professor, Educational Leadership 50.00 X 115819 0 22144 2023971 0 426887 33 0 1 0 Andersen Construction Co Inc PO Box 6712 Portland OR 97228 CONSTRUCTION CONTRACTOR 5593152 BON APPETIT PO Box 417632 Boston MA 022417632 FOOD SERVICE 3392935 TODD CONSTRUCTION INC PO Box 949 Tualatin OR 97062 CONSTRUCTION CONTRACTOR 1668220 compunet inc PO Box 410802 Salt Lake CIty UT 84141 Collaboration Licensing 339667 Bernhardt Golf 7340 SW Miller Hill Rd Beaverton OR 970075459 Turf Contractor 269500 8 641276 8171795 391733 8813071 STUDENT TUITION & FEES 611600 104406434 104406434 AUXILIARY ENTERPRISES 900099 13494401 13494401 117900835 582154 582154 7257981 7016416 353678 241565 -353678 -112113 -112113 Activity Fees & Other 611310 1269646 1269646 1269646 128453593 105676080 0 13964442 34655749 34655749 1562941 1562941 38976562 31132869 7293753 549940 1567537 1271705 272232 23600 7412615 3959238 3374563 78814 2600872 2050109 513256 37507 190287 12508 177779 76445 76445 149426 149426 5739767 5291056 407743 40968 1404830 31912 1345278 27640 5859679 3739287 1833895 286497 1074549 209126 851207 14216 1940250 67063 1802454 70733 3547352 3239493 291145 16714 817059 683222 113117 20720 1112758 505747 607011 3235035 2767630 467405 467210 406 466804 ENTERTAINMENT 854039 627501 139106 87432 MEMBERSHIPS 831710 174870 654087 2753 EQUIPMENT RENTAL 506861 167701 339160 OVERHEAD ALLOCATED 0 6380142 -6380142 139495 105556 33486 453 114723028 97072890 16392151 1257987 25330 24330 29876858 36539172 2214725 4363261 1316337 989918 2260264 1354561 586364 372730 148514322 59089247 88646325 89425075 22956957 25685387 111718 109641 147994878 158864075 5513811 5715399 7361321 6972558 19510000 19274137 8817985 4545110 1136102 1078756 7550629 6017629 49889848 43603589 X 72947374 85297768 6721660 10568415 18435996 19394303 98105030 115260486 147994878 158864075 X 13730565 2251511 1173380 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200000 185525 0 0 X X X X 0 20442093 1054392 2211600 651981 234954 22821150 20894426 947281 -530355 663352 205907 20442093 21568324 151458 -656 824700 20894426 18709173 918559 2697106 756514 21568324 18037724 158778 1306766 794095 18709173 0.11000 0.82000 0.07000 1 0 14026322 14026322 98016926 31438871 66578055 8417381 4175085 4242296 27139525 23475291 3664234 914168 914168 89425075 actuarial liability for annuities payable and charitable remainder trusts 2886462 interest rate swaps liability 3131167 6017629 X 97073309 2251511 -33482369 -31230858 128304167 149426 149426 128453593 79917853 0 79917853 149426 34655749 34805175 114723028 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, 2017 and 2016. The University recognizes interest accrued and penalties related to unrecognized tax benefits, if any, as an administrative expense. During the years ended June 30, 2017 and 2016, the University recognized no interest and penalties. Part XI, Line 2d - Other Adjustments: unrealized gain/LOSS on interest rate swaps liability 1,323,582. Change in present value of annuities payable -45,338. Change in present value of charitable remainder trusts -104,864. FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS -34,655,749. Part XII, Line 4b - Other Adjustments: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 34,655,749. 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 in conjunction with the Oregon Alliance of Independent Colleges & Universities. 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 145111 East Asia and the Pacific 0 2 Program Services Admission Counseling 63000 0 2 0 0 0 2 208111 0 208111 0 0 0 0 0 0 Part I, line 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACCRUAL METHOD. 1 Academic Scholarships 2188 24654764 Performance Scholarships 407 613278 SEOG Grants 383 273660 Endowed & Designated Scholarships 342 626976 Other Scholarships 1621 8487071 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 Chief Operating Officer 232532 0 20400 0 0 0 12540 0 42885 0 308357 0 0 0 Lynn E Andrews VP for Advancement 151364 0 5000 0 0 0 8850 0 17094 0 182308 0 0 0 Robin E Baker President 508328 0 20000 0 0 0 20845 0 73578 0 622751 0 0 0 Bradley Lau VP for Student Life 116291 0 5000 0 0 0 7260 0 48643 0 177194 0 0 0 Linda L Samek Provost 164723 0 7500 0 0 0 9450 0 13690 0 195363 0 0 0 Robert K Westervelt Exec VP for Enrollment & M 151956 0 5000 0 0 0 9450 0 15022 0 181428 0 0 0 Robert Harder Dean, College of Engineeri 141734 0 913 0 0 0 7214 0 33900 0 183761 0 0 0 Mary Peterson Professor Clinical Psychol 130204 0 913 0 0 0 6900 0 48611 0 186628 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 and new construction 0 0 0 A 19461225 181225 19280000 2012 1 0 1 1 A 0 0 1 1 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 A 1 Andersen Construction Trustee David Andersen owns company 5593152 Construction contract 0 MATT STUMP family member of trustee Stanley D Morse 50764 Employed by GFU 0 POLLY PETERSON family member of trustee Brent Peterson 51521 Employed by GFU 0 X 2 200000 Appraisal X 25 191733 FMV date of gift 0 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 Form 990 before filing. The Board of Trustees Finance Committee reviews Form 990 after filing at their next 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. These 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 Human Resources and the President's office. - A contract is completed and signed by a board member and supplied to Human Resources. 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 Human Resources 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 Human Resources and the President's office. Current contracts run as follows: Chief Operating Officer - July 2014 through June 2017. VP of Enrollment and Marketing - June 2015 through June 2019. VP of Student Life - June 2015 through June 2018. VP of Advancement - June 2015 through June 2017. Provost - June 2015 through June 2018. Form 990, Part VI, Section C, line 19 Governing documents and conflict of interest policy are 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 1,323,582. CHANGE IN PRESENT VALUE OF ANNUITIES payable -45,338. CHANGE IN PRESENT VALUE OF CHARITABLE REMAINDER TRUSTS -104,864. CHARITABLE REMAINDER UNITRUSTS (16) 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