2015-10-14T18:32:20-05:00 2015-05-31 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2014-06-01 951916051 Hope International University HOPE 7148793901 2500 E Nutwood Ave Fullerton CA 92831 Frank Scotti VP for Business and Finance 7148793901 2015-10-14 1 David C Moja P00747006 7149619300 2014 2016-02-25 16:41:14Z John Derry 2500 E Nutwood Ave Fullerton CA 92831 27553168 0 X www.hiu.edu X 1928 CA Empowering students through Christian higher education to serve the Church & world for Christ. 16 14 613 50 0 0 2242652 1694678 24124944 25094870 162183 234507 218904 139811 26748683 27163866 5971158 6331512 0 0 11696280 11969110 0 0 823293 8385817 8556925 26053255 26857547 695428 306319 23807403 24867114 11828065 12563964 11979338 12303150 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 21210988 6331512 25094870 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 2014 HIU served 2,151 undergraduate and graduate students in degree and certificate programs provided both on-ground and online through two main campuses in Southern California 21210988 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 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 106 0 1 613 1 0 0 0 0 0 0 0 0 0 0 X 16 14 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 1 1 0 CA X Frank Scotti 7148793901 2500 E Nutwood Ave Fullerton CA 92831 Yurek Thaddeus Chairman 0.50 X X 0 0 0 Lukas Richard Secretary 0.50 X X 0 0 0 Apple Gene Board of Trustees Member 0.50 X 0 0 0 Carpenter Glenn Board of Trustees Member 0.50 X 0 0 0 Chan Lingkit May 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 Kuns Julie Board of Trustees Member 0.50 X 0 0 0 Odor Kevin Board of Trustees Member 0.50 X 0 0 0 Puckett Charles Board of Trustees Member 0.50 X 0 0 0 Sherman Drew Board of Trustees Member 0.50 X 0 0 0 Shrader Laretta 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 140474 0 119885 Scotti Frank VP for Business & Finance 40.00 X 162429 0 18072 Alexander Paul VP for Academic Affairs 40.00 X 105812 0 65922 Mulryan Michael VP for Institutional Adv. 40.00 X 138194 0 12455 Smith Teresa VP for Enrollment 40.00 X 111878 0 12269 658787 0 228603 5 0 1 0 Pioneer College Caterers 303 Glenrose Avenue Nashville TN 37210 Cafeteria Services 937176 Southern California Edison PO Box 300 Rosemead CA 91771 Electricity 576544 2400 E Katella Ave Holdings LLC 2400 E Katella Ave Suite 600 Anaheim CA 92806 Office Space Rent 498125 Johnson Controls Inc PO Box 730068 Dallas TX 75373 Cooling Tower and Chiller Repairs 473907 Payne Janitorial Services Inc 641 S Palm St Unit B La Habra CA 90631 Janitorial Services 268147 5 246895 1447783 11044 1694678 Tuition and fees 611600 21883101 21883101 Auxiliary 611600 2894243 2894243 Other program revenue 900099 317526 317526 25094870 186401 186401 381625 77003 304622 304622 304622 147028 48566 108932 38556 38096 10010 48106 48106 0 246895 164811 -164811 -164811 27163866 25094870 0 374318 6331512 6331512 445231 445231 9634555 8007739 1265932 360884 346754 346754 950525 719970 199727 30828 592045 473550 99841 18654 50169 50169 54282 54282 2081566 608245 1398085 75236 545964 465832 54346 25786 408948 272416 106705 29827 880549 697580 138411 44558 420050 324340 61306 34404 53866 32667 8111 13088 428809 330183 77186 21440 1000137 770105 180025 50007 138932 124275 11471 3186 Operations & Maintenanc 1441028 1109592 259385 72051 Miscellaneous 633500 600241 -8002 41261 Special Events 371717 341079 28555 2083 Repairs & Maintenance 47408 1662 45746 26857547 21210988 4823266 823293 523826 463561 3183484 3327471 784103 966876 316944 260902 205000 205000 347685 280448 406835 445270 29778969 16665732 12768349 13113237 2206392 3167884 314459 332469 2750326 2303996 23807403 24867114 1865518 2142549 296595 452636 7656181 8657697 10200 6500 1999571 1304582 11828065 12563964 X 4310334 4212013 2128387 2352865 5540617 5738272 11979338 12303150 23807403 24867114 X 306319 -20634 14880 23247 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6763782 185583 309086 256729 111708 1634 6888380 5986573 773389 432572 428752 6763782 6064583 3550 379132 460692 5986573 6419032 264640 619089 6064583 4971693 1156012 352156 60829 6419032 0.09000 0.91000 0.00000 1 0 1395071 1395071 8609850 3519896 5089954 64663 26143 38520 5436710 4668562 768148 14272675 8451131 5821544 13113237 Trust and Annuity Assets 1869047 Interest Receivable 337686 Other Receivable 97263 2303996 Federal and Student Loan Obligations 296307 Trust and Annuity Liabilities 1008275 1304582 X 21091661 -20634 14880 -6308265 -6314019 27405680 -241814 -241814 27163866 20767849 241814 241814 20526035 6331512 6331512 26857547 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, 2015 and 2014, 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 -6,331,512. Change in value of interest rate swap 23,247. Part XI, Line 4b - Other Adjustments: Fundraising expenses reported on Part VIII, Line 8b -164,811. Rental expenses reported on Part VIII, line 6b -77,003. Part XII, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, line 6b 77,003. Fundraising expenses reported on Part VIII, Line 8b 164,811. Part XII, Line 4b - Other Adjustments: Scholarships and Grants 6,331,512. 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. Golf Tournament 50050 50050 3055 2600 140 1656 Spirit of Hope 173170 173170 5347 90169 59339 1 23675 23675 2217 288 246895 246895 8402 92769 2357 61283 164811 -164811 1 Tuition Discounts 189 921112 Scholarships 535 5410400 Part I, Line 2: The federal aid 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 131887 0 100 0 8487 0 23000 0 97242 0 260716 0 0 0 Scotti Frank VP for Business & Finance 162329 0 100 0 0 0 0 0 18376 0 180805 0 0 0 Alexander Paul VP for Academic Affairs 105712 0 100 0 0 0 13116 0 53102 0 172030 0 0 0 Mulryan Michael VP for Institutional Adv. 138094 0 100 0 0 0 0 0 12727 0 150921 0 0 0 Part I, Line 1a Housing Allowance: The University pays a portion of the salary of ordained ministers as housing allowance per amount claimed on annual form and approved by the President. The allowance is approved by the board of directors and documented in the board minutes. John Derry Pres Housing relocation upon acceptance of employment contract X 250000 205000 0 1 1 205000 Jennifer Arblaster Family member of John Derry, President 22874 Part-time faculty 0 X 8127 FMV X 2 1553 X Gift cards & Certificates 25 786 Cost X Guitars 1 300 FMV X Expense by Officer 0 278 Cost 0 1 0 Part I, Column (b): Number of contributions received. Form 990, Part VI, Section B, line 11 Form 990 is prepared by an independent public accountant and reviewed 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 12 The organization adopted a conflict of interest policy on August 15, 2011, requiring annual submission of the conflict of interest form. 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. 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. HIU's President reviews this data with the independent Executive Committee of our Board of Trustees to ensure appropriate compensation levels are being approved. The independent Board of Trustees also reviews this data to ensure the President's compensation is reasonable. All Board approved compensation is documented in the minutes. Form 990, Part VI, Section C, line 19 The organization makes its conflict of interest policy and financial statements available to the public upon request. Form 990, Part XI, line 9: Change in value of interest rate swap 23,247. 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.