2016-05-12T17:43:10-05:00 2015-06-30 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DRIVE SUITE 1300 SAN DIEGO CA 92121 990 2014-07-01 956002998 VANGUARD UNIVERSITY OF SO CAL VANG 7145563610 55 FAIR DRIVE COSTA MESA CA 92626 JEREMY MOSER CFO 7145563610 2016-04-12 1 PATRICIA J MAYER P00188643 8586271400 2014 2016-08-17 19:52:53Z JEREMY MOSER 55 FAIR DRIVE COSTA MESA CA 92626 64511389 0 X WWW.VANGUARD.EDU X 1920 CA TO EQUIP EACH STUDENT FOR A SPIRIT-EMPOWERED LIFE OF CHRIST-CENTERED LEADERSHIP AND SERVICE. 18 17 1073 368 11800 6971 4644915 3330291 62045176 61065921 10688 -74701 -576 -446 66700203 64321065 19280573 19319779 0 0 23357618 23997749 0 0 460293 18087509 17640272 60725700 60957800 5974503 3363265 44713146 49386151 28645407 29971660 16067739 19414491 X THE MISSION OF VANGUARD UNIVERSITY IS TO PURSUE KNOWLEDGE, CULTIVATE CHARACTER, DEEPEN FAITH AND EQUIP EACH STUDENT FOR A SPIRIT-EMPOWERED LIFE OF CHRIST CENTERED LEADERSHIP AND SERVICE. 0 0 38105968 18969581 53403503 TRADITIONAL UNDERGRADUATE: BACHELOR'S DEGREES IN 21 MAJORS. FIVE LARGEST MAJORS: BUSINESS, PSYCHOLOGY, COMMUNICATION, KINESIOLOGY, AND RELIGION. VANGUARD'S STUDENTS ARE IMMERSED IN AN ENVIRONMENT DESIGNED TO HELP THEM EXCEL. VU'S COMMITMENT TO GO BEYOND ACADEMICS LEADS TO ACADEMIC TRANSFORMATION, WHERE STUDENTS CAN CULTIVATE NEW ABILITIES TO THINK CRITICALLY, COMMUNICATE CLEARLY, AND INTERACT INTELLIGENTLY. VANGUARD'S RELATIONAL CULTURE IS DESIGNED TO FOSTER SERVING ONE ANOTHER, OUR CITY, AND OUR WORLD IN PRACTICAL WAYS THROUGH LOCAL AND GLOBAL MISSIONS PROJECTS. 1932069 27855 4325503 PROFESSIONAL STUDIES (ADULT PROFESSIONALS): BACHELOR'S DEGREES IN BUSINESS, PSYCHOLOGY, RELIGION, NURSING (REGISTERED NURSE TO BACHELOR OF SCIENCE IN NURSING), AND EARLY CHILDHOOD EDUCATION (ECE). ECE ALSO AWARDS AN ASSOCIATE'S DEGREE AND HAS COURSEWORK LEADING TO A CERTIFICATE OR AS A STUDENT-AT-LARGE (NON-DEGREE SEEKING). SCHOOL FOR GRADUATE AND PROFESSIONAL STUDIES'S VISION IS TO BE ORANGE COUNTY'S TOP CHOICE FOR A PROFESSIONAL EDUCATION WITH A CHRISTIAN FOUNDATION, A PLACE WHERE STUDENTS ARE EMPOWERED TO DISCERN THEIR CALLING; DISCOVER THEIR GIFTEDNESS; AND DEVELOP THEIR COMPETENCIES. 594840 803016 GRADUATE EDUCATION: OFFERS MULTIPLE SUBJECT AND SINGLE SUBJECT CALIFORNIA PRELIMINARY TEACHING CREDENTIALS AND AWARDS FIVE MASTER OF ARTS IN EDUCATION DEGREES: M.A. AND PRELIMINARY CREDENTIAL: M.A. WITH PRELIMINARY CREDENTIAL, AND CHRISTIAN EDUCATION LEADERSHIP; M.A. AND CHRISTIAN EDUCATION LEADERSHIP; M.A. IN EDUCATION, INDUCTION; AND M.A. IN EDUCATION, TEACHER LEADERSHIP. 2732092 322343 2533899 OTHER GRADUATE PROGRAMS, INCLUDING: RELIGION (LEADERSHIP STUDIES OR THEOLOGICAL STUDIES) CLINICAL PSYCHOLOGY, ORGANIZATIONAL PSYCHOLOGY, AND NURSING. STUDENTS IN THE GRADUATE PROGRAMS AT VANGUARD CAN COMPLETE THEIR MASTERS IN JUST TWO YEARS. COURSES ARE OFFERED AT CONVENIENT TIMES INCLUDING EVENINGS AND WEEKENDS. 2732092 322343 2533899 43364969 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 80 0 1 1073 1 1 1 0 0 0 0 1 1 0 0 0 0 X 18 17 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEREMY MOSER 7145563610 55 FAIR DRIVE COSTA MESA CA 92626 BRUCE DURKEE BOARD MEMBER 1.00 X 0 0 0 CURT CARSON THROUGH 115 BOARD MEMBER 1.00 1.00 X 0 0 0 DALE OQUIST BOARD MEMBER 1.00 X 0 0 0 DANA LIBERATORE BOARD MEMBER 1.00 X 0 0 0 DAVID CLARK BOARD MEMBER 1.00 X 0 0 0 DAVID ODDO BOARD MEMBER 1.00 X 0 0 0 DONN REDIGER BOARD MEMBER 1.00 X 0 0 0 DOUG GREEN BOARD MEMBER/CHAIR OF BOARD 1.00 X X 0 0 0 JEFF MOTSKE BOARD MEMBER 1.00 X 0 0 0 JOHANNA TOWNSEND BOARD MEMBER 1.00 X 0 0 0 JOHN MARTIN BOARD MEMBER/CORP SECRETARY 1.00 X X 0 0 0 KENNETH WAYMAN BOARD MEMBER 1.00 X 0 0 0 MICHAEL BEALS UNIVERSITY PRESIDENT 40.00 1.00 X X 154924 0 78745 NICOLE SUYDAM BOARD MEMBER 1.00 X 0 0 0 PHIL ROBINETTE BOARD MEMBER/VICE CHAIR 1.00 X X 0 0 0 RICH GUERRA BOARD MEMBER 1.00 X 0 0 0 SERGIO NAVARRETE BOARD MEMBER 1.00 X 0 0 0 TIM DRESSELHAUS THROUGH 1015 BOARD MEMBER 1.00 X 0 0 0 TOM PRINCE BOARD MEMBER 1.00 X 0 0 0 JEREMY MOSER CHIEF FINANCIAL OFFICER 40.00 1.00 X 16521 0 48255 LETTIE COWIE THROUGH 914 CHIEF FINANCIAL OFFICER 40.00 1.00 X 154356 0 9792 JERRE WHITE FACULTY 40.00 X 106938 0 3729 JUSTIN MCINTEE VP FOR UNIVERSITY ADVANCEMENT 40.00 1.00 X 124569 0 14844 KELLY KANNWISCHER VP FOR UNIVERSITY ADVANCEMENT 40.00 1.00 X 144040 0 9000 MARY WICKMAN FACULTY 40.00 X 109563 0 19308 MICHAEL WILSON DEAN OF THE UNIVERSITY 40.00 X 111955 0 10744 922866 0 194417 8 0 1 0 LUSARDI CONSTRUCTION 1570 LINDA VISTA DR SAN MARCOS CA 92078 GENERAL CONTRACTOR FOR BUILDING PROJECT 4391499 BON APPETIT 2400 YORKMONT RD CHARLOTTE NC 28217 FOOD SERVICES 2680786 ARAMARK 24818 NETWORK PLACE CHICAGO IL 606731248 MAINTENANCE AND GROUNDSKEEPING 1936210 CPI CONSULTANTS INC 5423 HARVEY WAY LONG BEACH CA 90808 ARCHITECTURE 263477 MGB CONSTRUCTION 91 COMMERICAL AVE RIVERSIDE CA 92507 CONSTRUCTION 249801 13 126880 140461 3062950 5389 3330291 STUDENT TUITION AND FEES 611710 51466729 51466729 AUXILIARY ENTERPRISES 611710 8573275 8573275 SUPPORT SERVICES - OTHER 611710 1025917 1025917 61065921 16434 16434 8038 3600 7890 94883 148 -91283 -91135 -91135 75305 126880 87551 -12246 -12246 RENTAL REVENUE 900099 11800 11800 11800 64321065 61065921 11800 -86947 261464 261464 19058315 19058315 481614 481614 19747185 14494218 4954834 298133 465717 259772 202007 3938 1855678 625108 1200203 30367 1447555 762580 663584 21391 4773123 2874354 1858872 39897 124527 124527 93561 93561 1972427 45700 1926727 265825 13889 251936 1957047 1134275 780119 42653 1148947 221533 923015 4399 954954 480994 473960 1212466 1058351 142762 11353 192509 134237 57352 920 1004079 511486 492593 2028278 1022387 1005891 304460 1169 303291 DISPOSAL LOSS 479733 479733 LOSS ON EXTINGUISHMENT 337509 337509 DUES AND MEMBERSHIPS 266111 63629 201441 1041 PROFESSIONAL DEVELOPMEN 182549 129986 50366 2197 342167 211522 126641 4004 60957800 43364969 17132538 460293 6491508 6740978 2869299 1502995 1839095 1067650 1967172 2163138 365061 308659 66197406 31131475 29334541 35065931 383049 1071901 1463421 1464899 44713146 49386151 2656265 4486852 1719169 3013525 21537130 19826519 2732843 2644764 28645407 29971660 X 8592240 11269320 7475499 8145171 16067739 19414491 44713146 49386151 X 3363265 1051 -17564 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1278462 1278462 47175212 23675690 23499522 6797071 526533 6270538 4441361 3661020 780341 6505300 3268232 3237068 35065931 TUITION REMISSION LIABILITY 130817 TRUST REMAINDER LIFE OBLIGATIONS 384410 PERKINS LOAN LIABILITY 2124445 STUDENT REFUNDABLE CREDITS 5092 2644764 X PART X, LINE 2: IN ACCORDANCE WITH PROVISIONS OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS AND/OR OBLIGATIONS AT JUNE 30, 2015 AND 2014. WITH FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2012 FOR ITS FEDERAL FILINGS AND FOR YEARS BEFORE 2011 FOR ITS STATE FILINGS. 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 ORGANIZATION PRIMARILY SOLICITS THROUGH MAIL AND ON-LINE APPLICATIONS TO PROSPECTIVE STUDENTS. THESE INCLUDE UNDERGRADUATE, GRADUATE AND ADULT PROGRAMS. ALL APPLICATIONS INCLUDE THE UNIVERSITY'S NONDISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FUNDING FROM THE FEDERAL GOVERNMENT, AND AS A RESULT, IS REQUIRED TO COMPLY WITH VARIOUS REGULATIONS RELATED TO THOSE FUNDING PROGRAMS. 0 CHRISTMAS FANTASIA 180185 104880 75305 27520 29764 19815 MORE PRICELESS 22000 22000 888 9564 202185 126880 75305 27520 30652 29379 87551 -12246 1 VANGUARD UNIVERSITY FOUNDATION 55 FAIR DRIVE COSTA MESA CA 92626 912164193 501(C)(3) 261464 FOR ENDOWMENT HELD BY VU FND 1 FINANCIAL AID - SCHOLARSHIPS 1436 19058315 PART I, LINE 2: VANGUARD UNIVERSITY AWARDS MERIT AND NEED-BASED SCHOLARSHIPS AND GRANTS TO TRADITIONAL UNDERGRADUATES AND MERIT SCHOLARSHIPS AND GRANTS TO GRADUATE STUDENTS. AWARDS ARE BASED ON ELIGIBILITY CRITERIA INCLUDING ACADEMIC, TALENT AND PARTICIPATION, AND INCENTIVE INCLUDING DENOMINATION, MINISTRY/MISSIONARY DEPENDENT. CONTINUED ELIGIBILITY INCLUDING MAINTENANCE GPA IS MONITORED BY THE FINANCIAL AID OFFICE. NEED-BASED AWARDS REQUIRE DEMONSTRATED NEED AS DETERMINED BY THE FAFSA AND REQUIRES FILING THE FAFSA BY THE MARCH 2 PRIORITY DEADLINE EACH YEAR AND CONTINUED DEMONSTRATION OF NEED. THE MAJORITY OF THE AWARDS ARE FUNDED BY THE INSTITUTIONAL AID BUDGET BUT SMALL NUMBER ARE FUNDED BY THE ENDOWMENT AND HAVE DONOR SPECIFIC CRITERIA. THE FINANCIAL AID OFFICE WORKS WITH UNIVERSITY ADVANCEMENT AND FISCAL MANAGEMENT TO AWARD THESE FUNDS. X 1 1 X X 0 0 0 0 0 0 0 0 0 MICHAEL BEALS UNIVERSITY PRESIDENT 154924 0 0 0 0 0 0 0 78745 0 233669 0 0 0 LETTIE COWIE THROUGH 914 CHIEF FINANCIAL OFFICER 154356 0 0 0 0 0 9792 0 0 0 164148 0 0 0 KELLY KANNWISCHER VP FOR UNIVERSITY ADVANCEMENT 144040 0 0 0 0 0 9000 0 0 0 153040 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT AND THE CFO. THE BENEFIT IS TREATED AS A NON-TAXABLE BENEFIT, DUE TO THE MINISTERIAL EXCEPTION. 56230 INSTITUTIONAL SCHOLARSHIPS FORM 990, PART VI, SECTION A, LINE 4 THE ARTICLES OF INCORPORATION WERE RESTATED TO SHIFT THE UNIVERSITY'S CORPORATION STATUS TO ALIGN MORE CLOSELY WITH THE SPONSORING DENOMINATION. THE RESTATED STATUS IS A RELIGIOUS CORPORATION. THE BYLAWS OF THE UNIVERSITY WERE AMENDED TO INCLUDE THE PRESIDENT OF THE ALUMNI ASSOCIATION AS EX-OFFICIO MEMBER. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP OF VANGUARD UNIVERSITY SHALL CONSIST OF THOSE INDIVIDUALS WHO SERVE AS THE DISTRICT PRESBYTERY, AS DEFINED IN THE BYLAWS OF THE DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD. THE MEMBERS RATIFY THE ELECTIONS OF THE UNIVERSITY'S BOARD OF TRUSTEES. THE MEMBERS RATIFY THE UNIVERSITY'S MISSION AND AMENDMENTS OR RESTATEMENTS OF THE UNIVERSITY'S BYLAWS. DISSOLUTION, SALE, OR MERGER OF THE UNIVERSITY REQUIRES TWO-THIRDS VOTE OF THE MEMBERS. UPON DISSOLUTION ANY REMAINING ASSETS OF THE UNIVERSITY SHALL BE DISTRIBUTED TO THE SOUTHERN CALIFORNIA DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD, IRVINE, CALIFORNIA IF IN GOOD STANDING AS A TAX EXEMPT 501C3 ORGANIZATION. OTHERWISE THE DISTRIBUTIONS WILL BE MADE TO THE GENERAL COUNCIL OF THE ASSEMBLIES OF GOD, SPRINGFIELD MISSOURI. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL RETAIN THE RIGHTS TO RATIFY ELECTIONS OF THE UNIVERSITY'S BOARD OF TRUSTEE. FORM 990, PART VI, SECTION A, LINE 7B ANY REMOVAL OF A UNIVERSITY BOARD OF TRUSTEES IS SUBJECT TO RATIFICATION BY A MAJORITY OF THE MEMBERS PRESENT AND VOTING AT A DULY CALLED MEMBERSHIP MEETING. DISSOLUTION, SALE, OR MERGER OF THE UNIVERSITY REQUIRES TWO-THIRDS VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE REVIEW AND APPROVAL PROCESS FOR THE UNIVERSITY'S TAX RETURN, FORM 990 INCLUDES THE FOLLOWING: 1. PREPARATION, WITH THE ASSISTANCE OF AN INDEPENDENT ACCOUNTING FIRM, BY MANAGEMENT; 2. A DETAILED REVIEW IS CONDUCTED BY THE AUDIT COMMITTEE; 3. A BRIEIFING AND REVIEW OF MAJOR ISSUES (IF ANY EXISTS) GIVEN TO THE AUDIT COMMITTEE, PRIOR TO APPROVAL; 4. APPROVAL BY EXECUTIVE COMMITTEE IS MADE THROUGH A RESOLUTION FROM THE AUDIT COMMITTEE; 5. BRIEFING, POST APPROVAL TO BOARD OF TRUSTEES ON ADHERENCE OF PROCESS, AND ANY MAJOR ISSUES NOTED BY EXECUTIVE COMMITTEE. 6. EACH BOARD MEMBER RECEIVES A COPY OF THE FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL DISCLOSURE REQUIRED BY ALL TRUSTEES, CORPORATE OFFICERS, FOUNDATION BOARD MEMBERS, KEY EMPLOYEES AS IDENTIFIED BY THE IRS, UNIVERSITY FACULTY, AND ALL BENEFITED EMPLOYEES. ANY TRANSACTIONS THAT COULD GIVE RISE TO CONFLICT ARE REVIEWED BY THE APPROPRIATE GOVERNING BODY, MEANING BOARD OF TRUSTEES OR FOUNDATION BOARD. IF CONFLICT ARISES, THE PERSON RECUSES HIM OR HERSELF FROM DISCUSSION AND/OR VOTE ON THE TRANSACTION BEING DISCUSSED. THIS RECUSAL IS DOCUMENTED IN THE MEETING MINUTES. THERE HAVE BEEN NO KNOWN INCIDENCES IN WHICH THE INDIVIDUAL DID NOT RECUSE THEMSELVES DURING THIS REPORTING PERIOD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED FOR THE PRESIDENT BY USING COMPARABLE DATA BASED ON LIKE UNIVERSITIES, WHICH IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE PROCESS IS DOCUMENTED AND WAS LAST CONDUCTED BY THE EXECUTIVE COMMITTEE IN MAY 2015. COMPENSATION FOR ALL OTHER OFFICERS IS BASED ON COMPARABLE DATA REVIEWED BY THE PRESIDENT IN CONSULTATION WITH THE SENIOR DIRECTOR OF HUMAN RESOURCES. THIS PROCESS IS DOCUMENTED AND WAS LAST DONE IN MAY 2015. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONSOLIDATED AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -17,564. VU HOLDINGS LLC 55 FAIR DRIVE COSTA MESA CA 92626 HOLDING OF ASSETS - OIL/GAS CA 0 0 VANGUARD UNIVERSITY OF SO CAL VANGUARD UNIVERSITY FOUNDATION 55 FAIR DRIVE COSTA MESA CA 92626 912164193 UNIVERSITY ENDOWED SCHOLARSHIP PROGRAMS CA 501(C)(3) LINE 11A, I VANGUARD UNIVERSITY OF SO CAL 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 VANGUARD UNIVERSITY FOUNDATION C 140461 CASH VANGUARD UNIVERSITY FOUNDATION B 261464 CASH