2014-05-12T12:07:26-05:00 2013-06-30 GRANT THORNTON ONE CALIFORNIA STREET SUITE 2300 SAN FRANCISCO CA 94111 990 2012-07-01 950549600 Biola University Inc % M A PIERCE CPA (INACTIVE) BIOL 5629036000 13800 Biola Avenue Suite La Mirada CA 90639 David Koontz 5629036000 2014-05-12 true CHRISTINA BECKWITH 4159863900 2012 2015-11-30 17:44:51Z Barry H Corey 13800 Biola Avenue La Mirada CA 90639 213738111 false X www.biola.edu X 1908 CA Biola University is a private Christian university located in Southern California. The mission of the university is biblically centered education, scholarship and service. 18 16 3778 19 6490 -2049 12045447 8577816 170697388 177315445 3293552 4041602 475642 -69815 186512029 189865048 32177003 34884353 0 0 84735422 87934457 132000 132000 2524099 54848261 55546055 171892686 178496865 14619343 11368183 320185708 373391680 140218284 175320851 179967424 198070829 X SEE SCHEDULE O false false 69249681 17230942 87619170 See Schedule O 32245120 8023341 40798609 See Schedule O 11364577 2827773 14379198 See Schedule O 1934941 481459 2448212 School of Professional Studies 9685680 2410024 12254948 School of Intercultural Studies 6447235 1604223 8157458 School of Education 5920190 1473082 7490608 School of Business 1684073 419037 2130799 Interterm 1665729 414472 2107588 Summer School 27337848 6802297 34589613 140197226 true true false false false false false false true true true false false false true true false true true true true false true true true false false false true true 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-459271 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 1190193 20890 638986 572097 false 74454177 8293758 7409398 2130553 202337 87824443 69925592 7131678 -492943 1872138 238012 74454177 55957775 8914823 7336522 2004312 279216 69925592 48701341 5889673 3400253 1936703 96789 55957775 51378683 4329624 -5539327 1404997 62642 48701341 0.72600 0.18300 0.09100 true false 1997615 1997615 198618969 62744329 135874640 433183 86637 346546 46033501 37503215 8530286 146749087 0 LIABILITIES FOR ANNUITIES PAYABLE 6560126 AMOUNTS HELD ON BEHALF OF OTHERS 1357095 ASSET RETIREMENT OBLIGATION 1218105 PERKINS NSL 3020216 12155542 X 161456263 7194493 91171 7285664 154170599 350825 35343624 35694449 189865048 143352858 91171 91171 143261687 350825 34884353 35235178 178496865 Trust, Escrow, and Custodial Arrangement Schedule D, Part IV, Line 1b Biola (or its designated individual) is named as administrator or successor trustee on testamentary gifts (estates or revocable living trusts). When the agreement matures upon the death of the grantor, Biola assumes its fiduciary role to marshal assets, pay expenses and distribute beneficiary payments. The administration of each arrangement may last several years until all distributions are made and the accounts are closed. Intended Use of Endowment Funds Schedule D, Part V, Line 4 The endowment earnings are used to underwrite the programs and administration of the university, with specific appropriations made to student aid, academic programs and facility maintenance. ASC 740 Footnote Schedule D, Part X, Line 2 The University follows ASC 740, Accounting for Income Taxes, which establishes for all entities, including pass-through entities, a minimum threshold for financial statement recognition of the benefit of positions taken in filing tax returns (including whether an entity is taxable in a particular jurisdiction) and requires certain expanded tax disclosures. The open federal tax years for the University are generally tax years ended June 30, 2010 through 2013 and the open California state tax years are generally tax years ended June 30, 2009 through 2013. Management believes that no uncertain tax positions exist for the University at June 30, 2013 and 2012 and management does not anticipate a change in uncertain tax benefits in the 12 months following June 30, 2013. Reconciliation of Revenue Schedule D, Part XI, Line 2d Fundraising Expense $ 53,232 Arrington Square $ 37,939 ----------- Total Adjustments $ 91,171 Schedule D, Part XI, Line 4b Arrington Square $ 249,133 Split-Interest Agreements $ 210,138 Student Aid $34,884,353 ----------- Total Adjustments $35,343,624 Reconciliation of Expenses Schedule D, Part XII, Line 2d Fundraising Expense $ 53,232 Arrington Square $ 37,939 ----------- Total Adjustments $ 91,171 Schedule D, Part XII, Line 4b Student Financial Aid $34,884,353 true true true true true true true false false false false false false false false true false true Nondiscriminatory Policy Schedule E, Line 3 Biola publicizes its racially nondiscrimination policy through advertisements, Broadcasts, and mailers. It is also included on the Universities website, in its catalogue and student handbook. Discrimination by Race Schedule E, Line 5d Biola does not discriminate with regard to race in the awarding of any institutionally funded scholarships or other financial assistance, however, the university assists in administration of a limited number of small privately donated scholarship funds that (among other factors) favor members of one or more racial minority groups and do not significantly derogate from the university's racially nondiscrimination policy. Financial Aid or Assistance from Governmental Agency Schedule E, Line 6a Biola University serves as a conduit to receive and disburse student aid funds from governmental agencies such as The Department of Education and Department of Health and Human Services under the following programs: Federal Academic Competiveness Grant Program, Federal Pell Award Grant Program, Federal Perkins Loan Program, Federal National Smart Grant Program, Federal Nursing Student Loan Program, Federal Supplemental Educational Opportunity Grant, Federal Work Study. true East Asia and the Pacific 91 Program Services Study Abroad 278937 Central America and the Caribbean 72 Program Services Study Abroad 84093 Europe (Including Iceland and Greenland) 121 Program Services Study Abroad 856493 Sub-Saharan Africa 18 Program Services Study Abroad 62693 Russia and the Newly Independent States 57 Program Services Study Abroad 112418 South Asia 9 Program Services Study Abroad 70311 368 368 1464945 1464945 Scholarships/ Student Aid Russia and the Newly Independent States 17 75217 Student Acct Scholarships/ Student Aid East Asia and the Pacific 17 109600 Student Acct Scholarships/ Student Aid Europe (Including Iceland and Greenland) 22 104411 Student Acct true false true true false false Financial Aid or Assistance from Governmental Agency Schedule F, Part I, Line 2 The procedures for monitoring the use of scholarship grant funds outside the United States are consistent with the procedures used for monitoring all student scholarships made by the university. Accounting for Expenditures and Grants Schedule F, Part I, Column F; Part II, Line 1; and Part III Expenditures and grants are accounted for based on the amount of cash expended. Recipients of Grants Schedule F, Part III, Column C The number of recipients reported in Part III is the actual number of scholarship recipients. X X true Fulcrum Philanthropy 5870 Trinity Parkway Suite 400 Centreville VA 20120 Fundraising false 0 132000 -132000 0 132000 -132000 CA OR WA Golf Tournament 48778 21438 27340 1545 20112 593 14740 Youth Fundrsng 31032 9025 22007 530 1202 725 3369 3 15670 15670 10416 95480 30463 65017 1545 20642 1795 725 28525 53232 11785 Highest Paid Fundraisers Part I, Line 2b Fulcrum Philanthropy primarily helps individuals with estate planning. The company connects these individuals with universities like Biola, so that they may incorporate donations to the schools in their estate plans. The relationship with Fulcrum Philanthropy typically does not generate current gifts; rather, the University benefits long term as wills and trusts mature. true Institutional Scholarships 6000 34595125 N/A N/A Process for Monitoring Grants Schedule I, Part I, Line 2 Biola University awards both merit and need-based scholarships to students at the graduate and undergraduate levels. Merit awards are based on eligibility criteria such as academic, athletic, and music abilities. These typically have academic or participation requirements for renewal. Continued eligibility based on stated requirements is monitored by the Financial Aid office or by the office that makes the awards. Need-based awards are typically awarded based on specific formulas that are based on an institutional or federal cost amount combined with the federal EFC determined by the FAFSA. Continued eligibility is normally contingent on ongoing need in subsequent years. Most of the grants and scholarships awarded by Biola are funded from general funds; however, a portion are funded from restricted funds that have been provided by donors, and are awarded based on the eligibility criteria established by the donors. Some of these funds are awarded by various campus departments, and some through an application process administered by the Financial Aid office. The Financial Aid office works closely with Accounting and Finance offices to monitor availability of funds from both the general fund and restricted fund accounts. X X X X true true X X X false false false false false false false false false Greg Balsano 181315 0 0 0 1363 0 14568 0 15337 0 212583 0 0 0 Melanie Taylor 159673 0 0 0 341 0 8921 0 55910 0 224845 0 0 0 Barry Corey 361260 0 0 0 1242 0 22400 0 56760 0 441662 0 0 0 John Edwards 155922 0 0 0 154 0 8032 0 58454 0 222562 0 0 0 Christopher Grace 178925 0 0 0 322 0 12920 0 78202 0 270369 0 0 0 Tamra Hocking 155119 0 0 0 244 0 12564 0 21754 0 189681 0 0 0 David Koontz 136515 0 0 0 485 0 11120 0 49981 0 198101 0 0 0 Jerry Mackey 149947 0 0 0 887 0 12510 0 26302 0 189646 0 0 0 Adam Morris 174850 0 0 0 164 0 14560 0 76374 0 265948 0 0 0 Irene Neller 154579 0 0 0 1388 0 11976 0 466 0 168409 0 0 0 David Nystrom 206855 0 0 0 448 0 16648 0 18015 0 241966 0 0 0 Michael Pierce 215188 0 0 0 294 0 16648 0 37773 0 269903 0 0 0 Scott Rae 150874 0 0 0 325 0 8632 0 28941 0 188772 0 0 0 Gregory Vaughan 165076 0 0 0 632 0 13392 0 18273 0 197373 0 0 0 Sandra Weaver 134089 0 0 0 464 0 10800 0 9059 0 154412 0 0 0 Travel for Companions Schedule J, Part I, Line 1a Spouses of listed persons occasionally travel on business trips where there is a university interest in their participation in university activities. Where a bona fide purpose is absent, the travel costs are reported as taxable compensation. Personal Services and tax indemnification Schedule J, Part I, Line 1a On occasion the President is reimbursed for house-cleaning services in conjunction with university events held in his personal resident and for childcare when the President and his wife are on university business. This reimbursement is treated as taxable compensation to the president and appears on the President's W-2. The amounts paid are grossed up to provide for taxes incurred on these payments. A CA Municipal Finance Authority 201563466 13048TCU5 2008-03-13 94006015 Refund of 2002, Bond & Reserve Fun false false false B CA Municipal Finance Authority 201563466 13048TPZO 2013-04-25 40189220 Construction of Building and Parki false false false A 0 0 94006015 9288369 0 0 1806049 0 3094380 0 79711736 0 true false true true B 0 0 40189220 0 3693060 0 488400 0 0 2354827 0 33652933 false false false true A false true false false 0 false false false true B false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true A true B true Schedule K, Part IV, Question 2c 0 The rebate computation for the 2008 bond was performed on April 22, 2013. Barry H Corey Housing Assistance X 1097656 933593 false true true Michael A Pierce Housing Assistance X 50000 50000 false true true David Nystrom Housing Assistance X 105000 105816 false true true 1089409 Al Mijares Trustee 29196 Tuition Waiver Education Adam Morris Officer (V.P.) 301036 Sales of Assets false Asset Purchases Schedule L, part IV The University purchased housing furniture from a business in which Adam Morris has a financial interest. The University believes the products are the best available value. X 5 4865 Market Value X 15905 Market Value X 5093 Market Value X 4446 201307 Market Value X Equipment 57 12938 Market Value X Misc Items 484 18744 Market Value 0 false true true Number of Contributions Schedule M, Part I, Column B The number of contributions was determined based on the number of contributions received. Use of Third Parties Schedule M, Part I, Line 32b The university utilizes Cars2Charities to receive and sell contributions. Cars2Charities receipts the donation, and then makes a contribution to the university. Organization's Mission Form 990, Part III, Line 1 Biola University is a private Christian university located in Southern California. For over 105 years, Biola has stood out as an institution grounded on biblically centered education, intentional spiritual development, and career preparation, where all faculty, staff and students are professing Christians. With more than 145 academic programs through its seven schools, Biola offers degrees ranging from Bachelor of Arts to Doctoral degree. Program Services Form 990, Part III, Line 4a School of Arts and Sciences: The School of Arts and Sciences is more than a collection of departments. Our goal is to teach the connectedness of all knowledge, helping students explore a wide range of disciplines and the contributions that each can make to the web of understanding. Form a Biblical worldview, we seek to challenge students to explore and develop knowledge, skills, and attributes that will enable them to understand, express, care for, and celebrate God's diverse and complex world, that in it they might seek and humbly serve the kingdom of God. Beyond the classroom, our students learn experientially, connecting their studies to the contexts of life that they might love their neighbors in the places and positions beyond Biola where God may lead them. More than granting a degree, we hope to awaken the joys of learning so that liberal arts might be a lifelong passion. Program Services Form 990, Part III, Line 4b Talbot School of Theology: The mission of Talbot School of Theology is the development of disciples of Jesus Christ whose thought processes, character, and lifestyles reflect those of our Lord, and who are dedicated to disciple making throughout the world. The theological position of Talbot School of Theology is Christian, Protestant, and theologically conservative. The school is interdenominational by nature and is thoroughly committed to the proclamation of the great historic doctrines of the Christian church. It definitely and positively affirms historic orthodoxy in the framework of an evangelical and premillennial theology that is derived from a grammatical-historical interpretation of the Bible. It earnestly endeavors to make these great doctrinal truths a vital reality in the spiritual life of this present generation. The seminary aims to train students who believe and propagate the great doctrines of the faith as they are summarized in our Statement of Doctrine and Explanatory Notes. Spiritually, it is the purpose of Talbot to develop in the lives of its students a spiritual life that is in harmony with the great doctrines taught, so that they may grow in the grace as well as in the knowledge of our Lord and Savior Jesus Christ. Specifically, the goal is to educate and graduate students characterized by commitment to serving Christ, missionary and evangelistic zeal and a solid knowledge of the Scriptures. To accomplish these objectives the seminary conducts a chapel program and gives attention to its students' ministry/service opportunities. Academically, it is the purpose of the seminary to provide its students with the best in theological education so they may be equipped to preach and teach the Word of God intelligently and present it zealously to the world. In keeping with this goal every department is geared to emphasize the clear and accurate exposition of the Scriptures. The biblical languages are utilized to expose the inner meaning of the inspired text. Bible exposition, by synthesis or analysis, presents a connected and related interpretation of the infallible Book. Systematic theology moves toward a well-organized and structured arrangement of biblical truth. Historical theology engages itself to acquaint the student with the progress of the inerrant Word among the household faith throughout the Christian era. Philosophy of religion furnishes the elements whereby the servant of Christ may give a well-developed reason for the faith that is within. Missions, Christian ministry and leadership, and Christian education strive to perfect in the student a skillful and winsome presentation of truth, privately and publicly. Talbot stands for one faith, one integrated curriculum, one eternal word of God and its effective proclamation to a modern generation with its multiplicity of needs. It is the purpose of the seminary to prepare for the gospel ministry those who believe, live and preach the great historic doctrines of faith that have been committed to the church. To realize these broad objectives, the seminary offers nine degree programs, each with its own distinctive purpose. Program Services Form 990, Part III, Line 4c Rosemead School of Psychology: Rosemead's educational distinctive are its strong professional training orientation and its goal of relating the data and concepts of psychology to those of Christian theology. Since both psychology and theology address the human condition, Rosemead's faculty believes there is a great deal to be gained by an interdisciplinary study of the nature of persons. Consequently, all students take a series of theology courses and integration seminars designed to study the relationship of psychological and theological conceptions of human functioning. This series of courses lengthens Rosemead's doctoral program by approximately one year beyond most four year clinical programs. While recognizing that the disciplines of psychology and theology have some very different data and methodologies, their overlapping content, goals, and principles provide a rich resource for interdisciplinary study. Issues growing out of these overlapping concerns cover a range of topics relating to research, theory and clinical practice. By encouraging this study, Rosemead is attempting to train psychologists with a broad view of human nature that includes a sensitivity to the religious dimension of life. Through its interaction with members of the Christian community, Rosemead is also committed to demonstrating to the church the potentially significant contributions an understanding of the data and methods of psychology can make the Church's role of ministering to the whole person. Students designing to focus on their professional practice on children, couples or families may take an emphasis in Family-Child Psychology. This emphasis requires completion of elective courses in addition to the regular doctoral requirements. Students emphasizing in Family-Child Psychology also write their dissertations or doctoral research papers in a family-child area, spend their year-long outpatient practicum in a setting where at least one-half of their work is with children, couples or families, and complete an internship in a setting where at least one-third of their work is with a family-child population. They may also elect other family related courses such as Development of Religious Understanding in Children and Adolescents, and Human Sexuality. At the heart of an effective training program in professional psychology is the opportunity to develop the personal insights and skills necessary for empathic and effective interaction with a wide range of settings. In order to meet this need, Rosemead has developed a sequence of experiences designed to promote personal growth and competence in interpersonal relationships as well as specific clinical skills. Beginning in their first year of study, students participate in a variety of activities designed to promote professional awareness and personal growth. The first year activities include active training in empathy skills in an on-campus pre-practicum experience. The pre-practicum course consists of exercises to assess and facilitate interpersonal skills, and an initial opportunity for the student to with a volunteer college client in a helping role. During the second year, all students participate in interpersonal training therapy. As participants, students personally experience some of the growth-producing aspects of interpersonal relationships. In addition, students begin their formal practicum and psychotherapy lab courses in the second year. Students are placed in such professional facilities as outpatient clinics, hospitals, college counseling centers, public schools and community health organizations on the basis of their individual readiness, needs and interest. These practicum experiences are supervised both by Rosemead's faculty and qualified professionals working in the practicum agencies. In the psychotherapy lab courses, students receive both instruction and supervised experience, offering clinical services from the theoretical orientation of the course. Students elect lab courses from offerings such as Introduction to Child & Adolescent Therapy, Marriage and Family Therapy, Group Therapy, Cognitive Behavioral Therapy with Children, Gestalt Therapy, and Biofeedback. During the third year most doctoral students take two or three psychotherapy lab courses, work in an adult outpatient practicum setting, and begin individual training therapy. This therapy is designed to give the student first-hand experience in the role of a client and is considered an opportunity for both personal growth and for learning therapeutic principles and techniques. A minimum of 50 hours of individual training is required. Such issues as timing, choice of therapist and specific goals are determined by students in conjunction with their advisors and the Clinical Training Committee. When doctoral students reach their fourth year, most of their time is spent in electives from the therapy, integration, and general psychology courses, advanced practicum assignments, and independent study or research. This step-by-step progression in professional training experiences gives the student personal experience with a wide range of personalities in a variety of settings and provides the necessary preparation for a full-time internship during the year of study. Other Program Services Form 990, Part III, Line 4d School of Professional Studies: Biola University's School of Professional Studies provides a variety of undergraduate and graduate academic programs that offer an alternative educational delivery system for Christian adult learners. Our undergraduate and graduate programs are designed specifically for working adults, with classes offered on week nights and weekends. We offer the following degree programs: BOLD Program: The BOLD program is an innovative undergraduate degree completion program for Christian adults who have completed up to 50 units of college credit and who desire an accredited Bachelor of Science (BS) degree in Organizational Leadership or Bachelor of Arts (BA) degree in Psychology. These degree programs are offered at five locations throughout Southern California and includes, Inglewood, La Mirada, and San Diego County, California. The Master of Arts degree in Organizational Leadership is designed to equip Christian men and women to become effective leaders in their organizations, companies, and churches. Designed for working adults, the MOL integrates a Biblical worldview and intentional character development into the teaching of leadership skills and business principles. Christian Apologetics: This specialized graduate program (Master of Arts in Christian Apologetics) is an interdisciplinary degree that educates students to articulate and defend the great truths of the historic Christian faith from the standpoint of philosophy, history, Biblical studies, theology, and cultural studies. The Christian Apologetics department also offers special learning program and lectures for the public and churches, as well as a certificate program in the defense of the faith for lay people. Science and Religion: The Masters of Arts Degree in Science and Religion is designed to provide individuals with the essential background in theology, history, and philosophy necessary to integrate evangelical Christianity with modern science. The master's program relates to Christianity and the sciences is designed for Christian students who have basic training in a natural science. This program also offers advanced seminars that focus on current theological issues within specific scientific disciplines. Cook School of Intercultural Studies: The undergraduate department of anthropology and intercultural studies is centered around mandate given by the Lord Jesus Christ to make disciples of every nation based on an understanding of both human beings and culture. The department strives to enable students to demonstrate a knowledge and an understanding of the theological, historical, sociological, anthropological and linguistic issues of the cross cultural communication of the gospel through a broad range of professions and vocations. It is the desire of the faculty that each student in the program will find in their particular career choice the means to effective cross cultural personal ministry and evangelism. The interdisciplinary emphasis is designed to equip majors with an intercultural experience while providing students with practical skills based on their specific career goals. Process of Reviewing Form 990 Form 990, Part VI, Section B, Line 11a The organization's Senior Director of Financial Management and Reporting works closely with the outside accounting firm it engages to review the return. The final draft of Form 990 is reviewed by the Chief Financial officer. Biola will post Form 990, excluding Schedule B, prior to filing, on a secure web site and inform the Board of Trustees that it is available for their review. Conflict of Interest Policy Form 990, Part VI, Section B, Line 12c The Director of Human resources, in conjunction with the Chief Financial Officer, is charged with monitoring proposed or ongoing transactions for conflicts of interest and addressing any potential or actual conflicts. Pursuant to the Conflict of Interest Policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i.e. board members, officers and executive leadership or key employees, if any). Covered persons are required to disclose real or potential conflicts at the time when such conflicts arise. The completed questionnaires from Board members are reviewed by the President's office. All others are reviewed by the Director of Human Resources. Any exceptions are reviewed by the Chief Financial Officer. Any persons with actual or potential conflicts are informed via written communication. Further action is taken as deemed necessary considering the specific nature of the conflict or potential conflict of interest. Process of Determining Compensation Form 990, Part VI, Section B, Line 15 The Committee on the President to the Board of Trustees serves as the university's compensation committee, comprised solely of independent directors, none of which have a conflict of interest with respect to the compensation arrangements. The committee develops, consistent with the organization's philosophy and principles, the annual performance goals and the criteria to be used in determining merit increases criteria for the President (CEO) and the vice presidents. The full Board reviews and validates these compensation arrangements. Form 990, Part VI, Section C, Line 19 While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy, and financial statements be made available for public inspection, the organization makes its financial statements and conflicts of interest policy available on the university's website at www.biola.edu/hr/ehandbook. The governing documents are available upon request. Financial Statements Form 990, Part XII, Line 2 and Part IV, Line 12 The organization's June 30, 2013 financial statements are included in the Biola University and wholly subsidiary consolidated financial statements, which are prepared in accordance with GAAP. These audited financial statements are available on Biola's website at www.biola.edu/finance. Other Change in Net Assets Form 990, Part XI, Line 9 The Other Change in Net Assets consists of the following: Change in Value of Split-Interest Agreements $(210,138) Loss on Arrington Square $(249,133) Arrington Square Corporation Leasing Prop. CA NA C Corp Charitable Remainder Unitrusts (17) Personal Estate CA NA Trust Living Trust (4) Living Trust CA NA Trust Charitable Remainder Annuity Trust (2) Personal Estate CA NA TRUST Medical Trust (1) Personal Estate CA NA TRUST true true false false false false false false false false true false false false false false false false false Arrington Square Corporation a 211318 Per Agreement Arrington Square Corporation k 295906 Per Agreement Arrington Square Corporation b 4036000 Cost Basis Transactions with Related Organizations Schedule R, Part V, Line 2, Column C The amounts in column c are reported at fair market value.