2015-05-15T12:07:41-05:00 2014-06-30 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2013-07-01 951644035 Point Loma Nazarene University POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 George R Latter Jr VP of Finance 6198492200 2015-05-15 1 David C Moja P00747006 7149619300 2013 2016-04-25 22:37:26Z Robert Brower 3900 Lomaland Drive San Diego CA 92106 112694446 0 X www.pointloma.edu X 1918 CA Non-profit Christian university. 34 28 2187 42 0 0 4464029 5722627 99274127 106571702 424568 395177 -376551 -468878 103786173 112220628 18537645 23299244 0 0 51819881 51111221 42852 41122 919447 28033829 32354524 98434207 106806111 5351966 5414517 117032800 125055358 50842005 53317066 66190795 71738292 X Point Loma Nazarene University exists to provide higher education in a vital Christian community where minds are engaged and challenged, character is modeled and formed, and service becomes an expression of faith. We aspire to be a learning community where grace is foundational, truth is pursued, and holiness is a way of life. 0 0 52874987 23299244 83128560 Point Loma Nazarene University is a thriving Christian liberal arts institution in San Diego. Rooted in the Wesleyan tradition, PLNU aims to educate students not only for their own benefit but also for the benefit of our community and those who are in need. That's why we seek to prepare students to address the complex issues facing our world today with integrity and forward thinking. Armed with strong intellect, deep faith, and a commitment to causes larger than themselves, PLNU graduates enter the workforce prepared to influence our world for good. PLNU serves more than 3,500 students. In addition to offering more than 60 undergraduate areas of study, PLNU offers graduate programs in regional centers throughout Southern California. 23614028 17510200 Academic Support bolsters PLNU students' academic experience through resources like the Tutorial Center, PLNU's Ryan Library, Information Technology Services, and Media and Technology. 8782782 5932942 Student Services enriches the student experience and resources like the Offices of Strengths and Vocation, the Wellness Center, Outdoor Leadership and Recreation, Spiritual Development, and Student Financial Services. 85271797 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 1 0 0 0 1 248 0 1 2187 1 0 0 0 0 0 1 1 0 0 0 0 X 34 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Jim Bergherm 6198492429 3900 Lomaland Drive San Diego CA 92106 Robert Brower President 40.00 1.00 X X 271395 0 36754 Steven R Scott Chairman 1.00 1.00 X X 0 0 0 Jan Stone Secretary 1.00 X X 0 0 0 William Thomas Battin Trustee 1.00 X 0 0 0 Ken Baruth Trustee 1.00 X 0 0 0 Jennifer J Bentley Trustee - Part Year 1.00 X 0 0 0 Ira F Brown Trustee 1.00 X 0 0 0 Randal Benefiel Trustee - Part Year 1.00 X 0 0 0 John H Calhoun Trustee 1.00 X 0 0 0 Dean Coonradt Trustee 1.00 X 0 0 0 William James Cullumber Trustee - Part Year 1.00 1.00 X 0 0 0 Jerry L Ferguson Trustee - Part Year 1.00 X 0 0 0 Esther Frejo Trustee 1.00 X 0 0 0 Larry Fry Trustee 1.00 X 0 0 0 Craig K Furusho Trustee 1.00 X 0 0 0 Gregory A Garman Trustee - Part Year 1.00 X 0 0 0 Ewell Gunter Trustee - Part Year 1.00 X 0 0 0 Daryl L Hawkins Trustee - Part Year 1.00 X 0 0 0 Wendy Hubbard Trustee - Part Year 1.00 X 0 0 0 J Fred Huff Trustee 1.00 X 0 0 0 Susan H Hutchinson Trustee 1.00 X 0 0 0 Mark Lehman Trustee 1.00 X 0 0 0 Mary Leland Trustee 1.00 X 0 0 0 Russ Martin Trustee 1.00 X 0 0 0 Nancy Martine-Alonzo Trustee 1.00 X 0 0 0 Franklin McHodgkins Trustee 1.00 X 0 0 0 Rollie Miller Trustee - Part Year 1.00 X 0 0 0 Gary W Morris Trustee 1.00 X 0 0 0 Daryl C Nicholson Trustee 1.00 1.00 X 0 0 0 Douglas Pierce Trustee 1.00 X 0 0 0 Steven G Redmond Trustee 1.00 X 0 0 0 Georgina Rico Trustee 1.00 X 0 0 0 Donald R Schengel Trustee 1.00 X 0 0 0 Orlando R Serrano Trustee 1.00 X 0 0 0 Gary Smee Trustee 1.00 1.00 X 0 0 0 Rob Songer Trustee 1.00 X 0 0 0 Daniel W Spaite Trustee 1.00 X 0 0 0 Jim Swanson Trustee 1.00 X 0 0 0 Derek Taylor Trustee 1.00 X 0 0 0 Mendell Thompson Trustee 1.00 1.00 X 0 0 0 Carol Van Buskirk Trustee 1.00 X 0 0 0 Craig Van Hulzen Trustee 1.00 1.00 X 0 0 0 John T Watkin Trustee 1.00 X 0 0 0 George R Latter Jr VP of Finance 40.00 1.00 X 170029 0 30689 Kerry Fulcher Provost 40.00 X 165798 0 34160 Alison Reaser Chief Economist 40.00 X 236177 0 23156 Catherine Smith VP of Student Dev. 40.00 X 136281 0 12278 David McCurry Assoc VP Univ Advancement 40.00 X 137849 0 25258 Jeanne Maiden Faculty 40.00 X 135167 0 19743 Corey Fling Chief Information Officer 40.00 X 126211 0 21160 1378907 0 203198 50 0 1 0 Sodexo Dept 43283 Los Angeles CA 900883283 Food Services 4790591 Carrier Johnson 1301 3rd Ave San Diego CA 92101 Architectural Design 1416622 Bycor General Contractors Inc 6490 Marindustry Dr Suite A San Diego CA 921212563 Construction/Remodel 1048861 FusionStorm 124 Grove St Ste 311 Franklin MA 02038 Network Hardware & Maintenance 658311 Christian Brothers 12086 Woodsize Ave Lakeside CA 92040 Flooring Contractor 223278 10 335440 5387187 110670 5722627 Tuition and fees 611710 83128560 83128560 Auxiliary revenue 611710 17510200 17510200 Other program revenue 611710 5932942 5932942 106571702 400117 400117 4940 -4940 -4940 -4940 0 335440 468878 -468878 -468878 112220628 106571702 0 -73701 2890406 2890406 20408838 20408838 510464 385851 117203 7410 398756 312991 79106 6659 38994475 30607465 7735784 651226 2210551 1282295 926831 1425 6230475 3503991 2722706 3778 2766500 1569622 1195114 1764 68005 11807 55678 520 113514 11934 101031 549 41122 41122 2250 2250 5562871 5089356 473515 622102 611798 9256 1048 3741700 2093622 1585923 62155 1110688 583000 497588 30100 2785961 1138424 1632307 15230 3005778 2422469 583309 254967 194237 60730 2011059 1910071 84013 16975 4697618 4461281 196563 39774 522051 222124 295913 4014 Equipment rental 3662568 1430988 2226886 4694 Other 1513116 1891066 -377950 Auxiliary 785108 785108 Academics 549748 549748 1345420 901055 413361 31004 106806111 85271797 20614867 919447 13452406 13228032 12539627 22909178 1771550 3504819 784760 719400 2844572 2981853 1110934 1529943 133991260 59139194 73143992 74852066 5723427 1223407 124817 1373660 5536715 2733000 117032800 125055358 7287846 9564036 1975069 2030374 30885000 0 273358 31592867 3438420 3387895 6982312 6741894 50842005 53317066 X 59972956 65020027 6119380 6619806 98459 98459 66190795 71738292 117032800 125055358 X 5414517 -107438 240418 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39529525 4463810 4707748 556126 449625 386549 47308783 35623245 2833451 2369288 529670 669295 97494 39529525 34915208 831884 457013 410518 170342 35623245 28121117 5235966 2062546 402939 101482 34915208 21976085 4875583 1777221 482482 25290 28121117 0.46000 0.54000 0 1 1 5921818 5921818 107256883 48923554 58333329 12048576 7416097 4632479 8763983 2799543 5964440 74852066 Fair value of swap agreement liability 6741894 6741894 X 92413648 -107438 -20168420 -20275858 112689506 -468878 -468878 112220628 86866151 468878 468878 86397273 20408838 20408838 106806111 Part V, Line 4: Provide scholarship funds and support the general operations of the Foundation and University. Part X, Line 2: The combined financial statement effects of a tax position taken or expected to be taken are recognized in the combined 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 combined statements of activities. As of June 30, 2014 and 2013, the University had no uncertain tax positions that qualify for recognition or disclosure in the combined financial statements. The University files information tax returns in the U.S. and California. The University is subject to income tax examinations for the current year and certain prior years based on the applicable laws and regulations. Part XI, Line 2d - Other Adjustments: Adjustment to value of interest rate swap agreement 240,418. Scholarships netted to tuition revenue per books -20,408,838. Part XI, Line 4b - Other Adjustments: Fundraising event expense -468,878. Part XII, Line 2d - Other Adjustments: Fundraising event expense 468,878. Part XII, Line 4b - Other Adjustments: Scholarships netted to tuition revenue per books 20,408,838. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Published annually in the San Diego Tribune. 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. Schedule E, line 5d: Some scholarships awarded from the endowment fund are specified for certain racial groups, such as Hispanics, Laotians, and Hawaiians. X 1 Westfall Group PO Box 341 Suwanee GA 30024 Fundraising and event management 0 322989 41122 281867 322989 41122 281867 President's Donor Retreat 335440 335440 264860 204018 335440 335440 264860 204018 468878 -468878 Schedule G, Part I, Line 2b, Column (v) Total consulting fees paid to Westhall Group for their consulting services were $41,122. All other expesnse paid to Westfall Group are for reimbursed expenses for video production, mailings, and printing. 1 Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 501(c)(3) 2890406 Provide scholarship funds. 1 0 Student Scholarships/Awards 1615 20408838 Part I, Line 2: The University awards grants, scholarships & student loans based on various, predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. The University also grants funds to its supporting organization, Point Loma Nazarene University Foundation. The use of these funds is monitored through direct oversight of the Foundation. The finance department of the University maintains the books and records of the Foundation. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Robert Brower President 270146 0 300 0 949 0 20400 0 16647 0 308442 0 0 0 George R Latter Jr VP of Finance 169729 0 300 0 0 0 13710 0 17241 0 200980 0 0 0 Kerry Fulcher Provost 165498 0 300 0 0 0 13296 0 21097 0 200191 0 0 0 Alison Reaser Chief Economist 235877 0 300 0 0 0 16545 0 6719 0 259441 0 0 0 David McCurry Assoc VP Univ Advancement 137549 0 300 0 0 0 11612 0 14148 0 163609 0 0 0 Jeanne Maiden Faculty 134867 0 300 0 0 0 11159 0 9086 0 155412 0 0 0 Part I, Line 1a The University allows members of the Board of Trustees to bring their spouse to one of the two annual meetings each year. The University will pay the spouse's travel expenses and if any aggregate amount is in excess of $600 per year, it is reported on Form 1099. The University reimburses Dr. Brower for the cost of house cleaning or landscaping expenses when his residence is used for University business. A California Municipal Finance Authority 201563466 2014-05-01 49884975 Construction loan - Refinance of the 12/20/11 Bonds 0 0 0 A 18443443 49884975 278717 19596258 30010000 2044 1 0 1 1 A 0 0 1 1 0 0 0 1 A 0 0 1 0 1 1 First Republic Bank 19.333333300000 0 0 0 0 1 A 1 Robert Brower Housing Equity Agreement X 365400 365400 0 1 1 George Latter Jr Housing Equity Agreement X 58000 29000 0 1 1 Kerry Fulcher Housing Equity Agreement X 325000 325000 0 1 1 719400 108089 Grants and Tuition Remission Tuition Remission Linda Brower Family of Robert Brower, President 10370 W2 Employee 0 Alisha Brower Family of Robert Brower, President 26286 W2 Employee 0 Danielle Brown Family of Ira Brown, Trustee 18788 W2 Employee 0 Ashley Hutchison Family of Sue Hutchison, Trustee 13333 W2 Employee 0 Shannon Hutchison Family of Sue Hutchison, Trustee 49145 W2 Employee 0 Ken Martin Family of Russ Martin, Trustee 110908 W2 Employee 0 Karl Martin Family of Russ Martin, Trustee 100342 W2 Employee 0 Brenda Martin Family of Russ Martin, Trustee 51317 W2 Employee 0 ACCU Mendell Thompson, Trustee, is an Officer of ACCU 238991 Interest received 0 X 3 804 Fair Market Value X 205 Fair Market Value X 7 101761 Fair Market Value X Musical Instr 1 4900 Fair Market Value X Printed Music 1 3000 Fair Market Value 0 1 0 Part I, Column (b): The number of contributions equals the number of items received. Form 990, Part VI, Section A, line 1 The Administrative Cabinet of Point Loma Nazarene Univesity is made up of the following people: - Robert Brower, University President - George Latter, Vice President for Finance and Administration - Joe Watkins, Vice President for External Relations - Mary Paul, Vice President for Spiritual Development - Caye Smith, Vice President for Student Development - Kerry Fulcher, Provost The only individual who also serves as a member of the governing body is Robert Brower. The scope of the Administratvie Cabinets authority is as follows: - sign contracts, leases, purchase agreements, and financing agreements in the name of Point Loma Nazarene University - signing documents that are routinely required in the normal course of business, including but not limited to tax returns, trust returns, annual reports to state and federal agencies, and certificates regarding resolutions - open, maintain, and close bank accounts and investment accounts in the name of Point Loma Nazarene University. Form 990, Part VI, Section A, line 2 Darryl Nicholson and Craig VanHulzen - business relationship. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm, reviewed by the finance team, and distributed to the board of trustees prior to being filed with the IRS. Form 990, Part VI, Section B, line 12c Conflict of interest statements are completed annually by all members of the governing body. The statements are reviewed by the Chairman of the Board of Trustees. The finance team is also monitoring all transactions for potential conflicts of interest. Form 990, Part VI, Section B, line 15 Each year at the spring board meeting of the University's Board of Trustees, the board Finance Committee receives a report in executive session from the Associate Vice President for Human Resources which compares the salaries of the University President and senior administrators (the Administrative Cabinet) to salaries for similar positions using four different salary surveys. Following discussion of this information, the Finance Committee takes action to set the salaries of the President and Administrative Cabinet for the following year and records this action in the minutes of its meeting. Form 990, Part VI, Section C, line 19 The organizing documents, conflict of interest policy, and the financial statements are available upon request. Form 990, Part XI, line 9: Adjustment to swap agreenent liability 240,418. Form 990, Part XII, line 2c: The University Board of Trustees 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. Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 Support Point Loma Nazarene University CA 501(C)(3) Line 11c - Type I N/A 0 Charitable Remainder Trust (1) CA 0 Charitable Remainder Unitrust (5) CA 0 Charitable Remainder Annuity Trust (1) CA 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Point Loma Nazarene University Foundation B 2890406 Amount reported on Audited FS.