2015-05-12T17:19:40-05:00 2014-06-30 Grant Thornton LLP 515 S Flower Street 7th Floor Los Angeles CA 90071 990 2013-07-01 951644026 University of La Verne % LORI GORDIEN CASE UNIV 9095933511 1950 Third Street Suite La Verne CA 917504401 Avo Kechichian Chief Financial Officer 9095933511 2015-04-28 true Rosemarie Brown P01278077 9095933511 2013 2016-03-07 17:11:31Z Devorah A Lieberman 1950 Third Street La Verne CA 917504401 196880072 false X www.laverne.edu X 1891 CA DELIVERY OF UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS 29 27 2444 29 0 0 6513430 5595744 171946566 184136465 1414925 2502002 1405357 800203 181280278 193034414 43391110 45195425 0 0 72275112 78775308 0 0 3158458 48514070 52862568 164180292 176833301 17099986 16201113 269760019 307611110 117618831 132554943 152141188 175056167 X See Schedule O false false 144096752 45195425 185113092 Educational services for undergraduate, graduate, law, and doctoral students. Approximate number of students served: 10,923. 144096752 true true false true false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false true false true false true true false false false true false false false true 349 0 true 2444 true false false false false false true true false false false false X 29 27 true false false false false false false true true false false true true true true false true true true false CA X X LORI GORDIEN CASE 9095933511 1950 THIRD STREET La Verne CA 917504401 Luis Faura Chairman of the Board 3.0 0.0 X X 0 0 0 Mark Hicks Vice Chair 3.0 0.0 X X 0 0 0 Susan M Searing Secretary 3.0 0.0 X X 0 0 0 Michael A Abraham Trustee 3.0 0.0 X 0 0 0 Kim J Burchiel MD Trustee 3.0 0.0 X 0 0 0 Michael J Bidart Trustee 3.0 0.0 X 0 0 0 Ann Quay Davis Trustee 3.0 0.0 X 0 0 0 Peter Eckel Trustee 3.0 0.0 X 0 0 0 Alex Espinoza Trustee 3.0 0.0 X 0 0 0 Joseph V Fengler Trustee 3.0 0.0 X 0 0 0 Benjamin C Harris Trustee 3.0 0.0 X 0 0 0 William Hawkins Trustee 3.0 0.0 X 0 0 0 Anthony LaFetra Trustee 3.0 0.0 X 0 0 0 Wendy Lau Trustee 3.0 0.0 X 0 0 0 Richard A Lewis Trustee 3.0 0.0 X 0 0 0 Kenneth D Little Trustee 3.0 0.0 X 0 0 0 James W Long Trustee 3.0 0.0 X 0 0 0 Mary Ann Melleby Trustee 3.0 0.0 X 0 0 0 Ivan R Misner Trustee 3.0 0.0 X 0 0 0 Cecilia Martinez Morris Trustee 3.0 0.0 X 0 0 0 Paul Moseley Trustee 3.0 0.0 X 0 0 0 Leslie Porras Trustee 3.0 0.0 X 0 0 0 Steven N Reenders Trustee 3.0 0.0 X 0 0 0 Valerie C Romero Trustee 3.0 0.0 X 0 0 0 Margaret Sedenquist Trustee 3.0 0.0 X 0 0 0 David D Shively DDS Trustee 3.0 0.0 X 0 0 0 Owen Ray Skelton Trustee 3.0 0.0 X 0 0 0 Emmett L Terrell Trustee 3.0 0.0 X 0 0 0 Alvin Chang Trustee 3.0 0.0 X 0 0 0 Devorah A Lieberman President 40.0 0.0 X 424359 0 76545 Thomas G Dewey Provost 40.0 0.0 X 244690 0 41427 Avo Kechichian Chief Financial Officer 40.0 0.0 X 173005 0 35018 Myra Garcia-Fernandez VP of University Advancement 40.0 0.0 X 146120 0 23951 Phillip Hawkey Special Adivsor to President 40.0 0.0 X 260981 0 39403 Homa Shabahang VP Strategic Enrollment Mgmt 40.0 0.0 X 206394 0 32365 Clive Houston-Brown VP of Facilities and Tech, CIO 40.0 0.0 X 182491 0 36909 Mark Goor Special Assistant to Provost 40.0 0.0 X 169244 0 34554 Jonathan Reed Dean 40.0 0.0 X 176324 0 50752 Ibrahim Helou Dean 40.0 0.0 X 166246 0 34693 David Kung Professor 40.0 0.0 X 159798 0 22056 H Randall Rubin Professor 40.0 0.0 X 192074 0 37769 Alden Reimonenq Professor 40.0 0.0 X 189777 0 16746 Issam Ghazzawi Professor 40.0 0.0 X 168074 0 17634 Keeok Park Professor 40.0 0.0 X 161038 0 29504 3020615 0 529326 134 false true false Oltmans Construction Company 10005 Mission Mill Road WHITTIER CA 90601 General Contrator 8240854 Professional Develop Courses 4121 Avendida De La Plata OCEANSIDE CA 92506 Correspondent Work 4241648 Kar Construction 1306 W Brooks Street ONTARIO CA 91762 General Contractor 4057454 Bon Appetit 1000 W Temple Street LOS ANGELES CA 900740196 Student Cafeteria 2776401 Sigmanet 4290 E Brickell Street ONTARIO CA 91761 OIT Contractor 1737527 83 481403 2405188 2709153 115664 5595744 TUITION & FEES 611710 173794529 173794529 AUXILIARY ENTERPRISES 611710 9900728 9900728 SPONSORED PROGRAMS 900099 180165 180165 TICKET SALES & EVENTS 900099 150458 150458 BOOKSTORE 900099 110585 110585 184136465 1594289 1594289 1108 1108 0 0 0 0 4122917 360750 2947904 629158 1175013 -268408 906605 906605 92172 481403 268596 -176424 -176424 0 0 STAFF PARKING FEES 900099 49200 49200 ALL OTHER REVENUE 900099 927427 927427 976627 193034414 185113092 2325578 0 45195425 45195425 0 0 2637251 1666767 512729 457755 303983 106704 93106 104173 61754737 50216189 10274017 1264531 4753888 3847682 794688 111518 4928833 3771310 1051466 106057 4396616 3658203 621950 116463 0 694800 29691 665109 87400 87400 5092 5092 0 117177 117177 12701240 4515521 7809671 376048 1706115 1178011 506412 21692 4318711 2261905 1813840 242966 2324206 716192 1592402 15612 0 5949732 3471447 2475177 3108 2253295 1721763 205615 325917 0 259562 174129 75208 10225 3978416 3978416 0 6863413 6863413 2768382 2024858 743344 180 CONTRACTED TEACHING SERVICES 4242771 4242771 CONTRACTED FOOD SERVICES 2594829 2594829 LIBRARY BOOKS & MEDIA 861802 861802 EQUIP. RENTAL & MAINTENANCE 740260 604359 133688 2213 395365 395365 176833301 144096752 29578091 3158458 24126 23744 64931501 61256709 539075 1334483 2431968 2189028 0 0 0 0 0 0 55914 59187 4691010 4727772 214492158 75216327 125147715 139275831 59602685 83256601 7857673 10712053 4478352 4775702 0 0 0 0 269760019 307611110 8658522 11676690 0 0 11555614 12065670 88460000 100980000 0 0 0 0 2297485 1128592 0 0 6647210 6703991 117618831 132554943 X 116757850 135446096 15354347 18479856 20028991 21130215 152141188 175056167 269760019 307611110 X 16201113 7227047 -513181 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false true 8269 false false 8269 false Description of Lobbying Activities Schedule C, Part II-B: During the tax year, the University incurred lobbying expenses related to the legislative action surrounding Cal Grants. Three students accompanied University management officials to express the continued need for Cal Grants, which provides grants to low- and moderate-income college students in California. 47975967 7620576 8546931 553417 346133 63243924 37358594 6046485 5458972 545447 352637 47965967 36628858 1570469 8889 517054 332568 37358594 29794226 890834 6707216 466588 296830 36628858 27836727 194498 3153863 455642 935220 29794226 0.53649 0.26969 0.19382 false false 26223402 26223402 106282968 33290207 72992761 33593177 6110657 27482520 44830046 35723650 9106396 3562565 91813 3470752 139275831 0 ANNUITIES PAYABLE 3796685 FEDERAL STUDENT LOAN FUNDS 2907306 6703991 X 157907301 7227047 -42891164 -35664117 193571418 -537004 -537004 193034414 134992322 1050185 1050185 133942137 42891164 42891164 176833301 Intended Uses of Endowment Funds Schedule D, Part V, Line 4: The Board members of the University, in setting the endowment spending policy, considered the following factors: 1) preservation of asset values, 2) preservation of purchasing power, and 3) consistency of spending over time. The University's board adopted a spending policy of 4.75% with a view toward balancing the need for expendable funds for University programs against the need to preserve the endowment against inflation. In order to achieve the objective of mainlining purchasing power, the endowment's annual rate of return must equal the annual distribution, plus inflation, plus management, custodial, and administrative fees. The distribution to the University is based on a 12 quarter moving average of the market value. This spending method protects the University's distribution from the increased volatility in the markets. Distributions are provided to students for scholarships, various colleges, and programs in accordance with donor designations. The distributions are reflected in the net assets of the endowment fund. However, there is not a transfer of actual cash from the endowment fund without requiring a liquidation of cash, this treatment allows the investments of the endowment to grow. FIN 48 (ASC 740) Footnote: Schedule D, Part X, Line 2: Accounting Standards Codification ("ASC") Topic No. 740, Accounting for Uncertainty in Income Taxes, requires entities to determine whether it is "more likely than not" that a tax position will be sustained upon examination by the appropriate taxing authorities. An uncertain tax position will not be recognized if it has less than a 50% likelihood of being sustained. The University believes that there are no uncertain tax positions within its financial statements. There have been no material changes in unrecognized benefits as of June 30, 2014 or June 30, 2013, nor are any anticipated in the 12 months following June 30, 2014. There have been no related tax penalties or interest, which would be classified as a tax expense in the statement of activities. Reconciliation of Revenue per Financial Statements with Return Schedule D, Part XI, Line 2d: Student Financial Aid $(42,891,164) Schedule D, Part XI, Line 4b: Loss on Sale of Fixed Assets $(268,408) Fundraising Expenses $(268,596) Reconciliation of Expenses per Audited Financial Statements with Return Schedule D, Part XII, Line 2d: Change in Actuarial Obligation $513,181 Loss on Sale of Fixed Assets $268,408 Fundraising Expenses $268,596 Schedule D, Part XII, Line 4b: Student Financial Aid $42,891,164 true true true true true true true false false false false false false false false true false true Publication of Racially Nondiscriminatory Policy Schedule E, Part I, Line 3: The University customarily draws students from the local communities. The University follows a racially nondisriminatory policy and enrolls students of racial minority groups in meaningful numbers Financial Aid or Assistance from Government Agency Schedule E, Part I, Line 6a: The University receives assistance from the U.S. Department of Education, the National Science Foundation, the U.S. Department of Agriculture, and the U.S. Small Business Administration. Gala 502011 430486 71525 6966 92410 4306 2000 96058 Golf 71564 50917 20647 18564 12160 21377 14755 1 573575 481403 92172 25530 104570 25683 2000 110813 268596 -176424 true Scholarships / Grants for Students 2945 45195425 Procedure for Monitoring Use of Grant Funds Inside the United States Schedule I, Part I, line 2: Students who receive grants from the University are determined in accordance with the University's standard policies and procedures. In summary, a student is requried to complete a FAFSA to be considered for financial aid assistance. Upon completion of the FAFSA, the University is provided with the student's estimated family contributions ("EFC"). Based on the EFC and other criteria (i.e. enrollment status, academic standing, etc.), the Office of Financial Aid may award a student an institutional grant. There are systematic procedures in place to ensure that the grant is applied against tuition and meets the requirements of the specific grant. Student accounts and the Office of Financial Aid are responsible for monitoring the student's financial aid status while at the University. X X X true true X X X X X false false false false false false false false false Devorah A Lieberman President 364914 0 25000 0 34445 0 25500 0 51045 0 500904 0 0 0 Thomas G Dewey Provost 244690 0 0 0 0 0 25116 0 16311 0 286117 0 0 0 David Kung Professor 159083 0 0 0 715 0 11340 0 10716 0 181854 0 0 0 Avo Kechichian Chief Financial Officer 172243 0 0 0 762 0 18000 0 17018 0 208023 0 0 0 Myra Garcia-Fernandez VP of University Advancement 145520 0 0 0 600 0 12831 0 11120 0 170071 0 0 0 Phillip Hawkey Special Adivsor to President 240772 0 0 0 20209 0 25434 0 13969 0 300384 0 0 0 Homa Shabahang VP Strategic Enrollment Mgmt 192402 0 0 0 13992 0 20896 0 11469 0 238759 0 0 0 Clive Houston-Brown VP of Facilities and Tech, CIO 175125 0 0 0 7366 0 18330 0 18579 0 219400 0 0 0 Mark Goor Special Assistant to Provost 169244 0 0 0 0 0 17520 0 17034 0 203798 0 0 0 Jonathan Reed Dean 176324 0 0 0 0 0 17124 0 33628 0 227076 0 0 0 H Randall Rubin Professor 190679 0 0 0 1395 0 18264 0 19505 0 229843 0 0 0 Alden Reimonenq Professor 188565 0 0 0 1212 0 16398 0 348 0 206523 0 0 0 Issam Ghazzawi Professor 167554 0 0 0 520 0 9318 0 8316 0 185708 0 0 0 Ibrahim Helou Dean 166246 0 0 0 0 0 17014 0 17679 0 200939 0 0 0 Keeok Park Professor 161038 0 0 0 0 0 10926 0 18578 0 190542 0 0 0 Travel for Companions Schedule J, Part I, Line 1a: As a general policy of the University, expenses attributable to spouse travel are not reimbursable. In order to be approved, these situations must meet the bona fide business criteria approved for by the IRS regulations, or may result in taxable income to the employee. During the current year, the University paid airfare for the President's husband to accompany the President on bona fide critical University business travel. Housing Allowance or Residence for Personal Use Schedule J, Part I, Line 1a: The University provides the President with off-campus housing as a convenience to the University to conduct fundraising and other college-related business. Personal use of the house is calculated and reflected in other reportable compensation on Schedule J, Part II, Column b(iii), with the remaining value shown as a non-taxable benefit on Schedule J, part II, Column (d). Health Club or Social Club Dues Schedule J, Part I, Line 1a: The University provides a social club membership to the President in order to provide networking opportunities for the University. The amount is reflected as a nontaxable benefit on Schedule J, Part II, Column (d). Severance Arrangements Schedule J, Part I, Line 4a: Certain individuals listed on Schedule J, Part II have a severance arrangement as part of their employment agreement, which provides for a severance payment under certain circumstances of one year salary upon termination of employment. No payments were made under this arrangement. There are no change in control provisions. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178AQ9 2005-11-10 20570652 University Construction false false false B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048THG1 2010-11-24 69676082 University Construction false false false C CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2013-07-26 15000000 University Construction false false false A 2750000 0 21244118 1794542 0 0 403582 0 0 6120772 12844413 80809 2007 true true false true B 0 0 69031183 6187044 0 0 1108057 0 0 29989996 31128866 617220 2013 true false false true C 0 0 15000000 0 0 0 135765 0 0 8074094 0 6790141 false false false true A false false false false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true C false false false false 0.00000 0.00000 0.00000 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true A true B true C true Schedule K, Part I, Column E, Rows A & B The difference between the issue price reported in Part I, Column E and the total proceeds reported in Part II, Line 3 relates to investment earnings on proceeds. Schedule K, Part I, Column F, Rows A & B The issue dates for the previously issued bonds refunded by the bonds listed on Scheudle K are 1993, 2000, 2005, and 2008. 33628 Tuition Remission Anna Jablonski Family of Special Advisor 102199 Compensation of Employment false Ankine Kechichian Family Member of CFO 93106 Compensation of Employment false Michelle Kechichian Family Member of CFO 68250 Compensation of Employment false Bianca Romero Family Member of Trustee 104173 Compensation of Employment false Lisa Lester Family Member of Trustee 38454 Compensation of Employment false X 1 48300 Appraised Value X 5 14419 Fair Market Value X Photography gift 1 8000 Retail Value X Antique Serving Set 1 4000 Appraised Value X Miscellaneous small gifts 62 40945 Retail Value 0 false true true Use of Third Parties to Solicit, Process, or Sell Noncash Contributions Schedule M, Part I, line 32a: The University may utilize organizations to liquidate non-cash contributions if it is determined that it does not want to maintain the contribution and the donor restrictions allow for such liquidation. The third-party organization selected depends on the type of contribution received and the market in which it can be liquidated. For example, the University may utilize a property management firm to post available properties of real estate. Description of Organization's Mission Form 990, Part III, Line 1: It is the mission of the University of La Verne to provide opportunities for students to achieve their educational goals and become contributing citizens to the global community. This is accomplished by offering high quality degree programs to both traditional aged and adult learners: providing liberal arts and professional programs from undergraduate to doctoral levels, and delivering programs to students at the central La Verne campus as well as regional campuses and satellite class locations throughout California. The University provides a student-centered, values-based, and diverse learning environment. It takes pride in offering small class sizes in a highly personalized setting. The University encourages effective teaching, research, scholarly contributions, and service to the greater community by sharing its academic, professional, and individual resources. Business Relationships Among Officers Form 990, Part VI, Section A, Line 3: Trustees Steve Rendeers and Richard Lewis have a business relationship. This relationship is otherwise independent of the University. Form 990 Review Process Form 990, Part VI, Section B, Line 11b: The information/data for the Form 990 is primarily gathered, calculated, and compiled by the University's Director of Accounting. Upon completing these steps, the information is forwarded to the Associate Vice President of Finance for review and approval. Once approved, the information/data is sent to the accounting firm Grant Thornton LLP to review the information and prepare the Form 990. Once completed, the Form 990 is forwarded to the Director of Accounting to ensure that the information that had been originally provided was entered correctly onto the form. After the Associate Vice President of Finance also performs a review of the return, the Form 990 is forwarded to the audit committee of the Board of Trustees for review, comments, and approval. The full filing copy of the approved Form 990 is made available to the full Board of Trustees through the posting on a secure website prior to filing with the IRS. Monitoring and Enforcement of Conflict of Interest Policy Form 990, Part VI, Section B, Line 12c: The Conflict of Interest statement is obtained annually from officers, trustees, and key employees and reviewed by the finance office. Relationships that give rise to conflict are disclosed on the Form 990 (if required) and also reviewed by members of the audit committee. Written Whistleblower Policy Form 990, Part VI, Section B, Line 13: The organization is currently in the process of drafting a written whistleblower policy. Process for Determining Compensation of President, Officers, Key Employees Form 990, Part VI, Section B, Line 15: The Board of Trustees establishes the salary of the President, and the President establishes the salaries of the University's Vice Presidents. The Human Resources department reviews the University's compensation and compares the information to both national and local comparability data to ensure that the University's pay rates are consistent with other comparable institutions. Documents Made Available to the Public Form 990, Part VI, Section C, Line 19: The University's financial statements are made available on the webpage of the Finance office (http://sites.laverne.edu/finance/). Additionally, the audited financial statements are posted to the electronic municipal market access website (www.emma.msrb.org). The Conflict of Interest policy is available upon request from the finance office, and it is also available on the University's website under the human resources page. Governing documents are available upon request from the finance office. Other Changes in Net Assets Form 990, Part XI, Line 9: The other changes in net assets consists of: Change in Actuarial Obligations $(513,181) Charitable Remainder Unitrusts (19) Fundraising CA NA Trust Charitable Remainder Annuity Trust (1) Fundraising CA NA Trust Net Income with Make-Up CRUT (1) Fundraising CA NA Trust false true false false false false false false false false false false false false false false false false false