2014-01-29T17:32:21-07:00 2013-06-30 990 2012-07-01 930386839 GEORGE FOX UNIVERSITY GEOR 5035388383 414 N MERIDIAN x6029 NEWBERG OR 97132 Theodore E Allen 5035542161 2014-01-29 2012 2015-11-30 17:44:51Z Theodore E Allen 414 N Meridian Newberg OR 97132 93811763 0 X www.georgefox.edu X 1891 OR To prepare students spiritually, academically, and professionally to think with clarity, act with integrity, and serve with passion through both undergraduate and graduate educational programs of study for approximately 3,500 students. 32 31 2226 146 0 0 6458711 4287461 82724406 83086315 299986 465623 87309 383278 89570412 88222677 22902463 23868718 0 0 41670698 39762112 0 0 1097576 21072231 20555173 85645392 84186003 3925020 4036674 102243447 107074247 39601461 38397335 62641986 68676912 George Fox University, a Christ centered community, prepares students spiritually, academically, and professionally to think with clarity, act with integrity, and serve with passion through both undergraduate and graduate educational programs of study for approximately 3,500 students. 0 0 41895945 23760582 55819706 Quality undergraduate education in the humanities, sciences, and professional studies with more than 40 majors 10818345 108136 16843021 Quality Graduate education programs in the areas of psychology, counseling, physical therapy, education, business & seminary, including 5 seminary degrees, 12 masters & doctoral degrees, and Adult Degree Completion education programs. 1879255 0 0 Athletic programs for Men & Women developing leadership & team-building skills including Baseball, Softball, Volleyball, Basketball, Track, Cross country, Soccer, Golf & Tennis (NCAA Division 3) 16614368 0 381520 Admissions, Student Life, Housing & Food Service. 16614368 0 381520 71207913 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 77 0 1 2226 1 0 0 0 0 1 1 1 1 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA OR WA X Theodore E Allen 5035542161 414 N Meridian x6029 Newberg OR 97132 Gordon L Crisman 5 0 X X 0 0 0 Deborah A Martin 5 0 X X 0 0 0 David Woolsey 5 0 X X 0 0 0 David Andersen 5 0 X 0 0 0 Patricia Anderson 5 0 X 0 0 0 Ken Beebe 5 0 X 0 0 0 Carrie Lamm Bishop 5 0 X 0 0 0 Don G Carter 5 0 X 0 0 0 Raymond Cheung 5 0 X 0 0 0 Mike Delk 5 0 X 0 0 0 Steve Fellows 5 0 X 0 0 0 Angela Fogg 5 0 X 0 0 0 Keith G Galitz 5 0 X 0 0 0 Scott Gratsinger 5 0 X 0 0 0 David Green 5 0 X 0 0 0 Dale W Hadley 5 0 X 0 0 0 Eric Hagen 5 0 X 0 0 0 Paula Kinney 5 0 X 0 0 0 Jim Le Shana 5 0 X 0 0 0 Heather Lewis 5 0 X 0 0 0 Stanley D Morse 5 0 X 0 0 0 Charles E Mylander 5 0 X 0 0 0 Barbara D Palmer 5 0 X 0 0 0 Brent Peterson 5 0 X 0 0 0 Victor A Peterson 5 0 X 0 0 0 Adam Puckett 5 0 X 0 0 0 Gloria Schwindt 5 0 X 0 0 0 Brenda Smith 5 0 X 0 0 0 Truman Stone 5 0 X 0 0 0 Stephen M Tatone 5 0 X 0 0 0 Kent L Thornburg 5 0 X 0 0 0 William B Wilson 5 0 X 0 0 0 Robin Baker 50 0 X 254260 0 133657 Theodore Allen 50 0 X 151373 0 35526 Rob Westervelt 50 0 X 128086 0 22636 Linda Samek 40 0 X 118418 0 13871 Brad Lau 50 0 X 99740 0 20864 Patrick Allen 50 0 X 127807 0 20484 Mary Peterson 40 0 X 118152 0 11368 Dirk Barram 40 0 X 105592 0 22707 Hank Helsabeck 40 0 X 109757 0 19457 Robert Harder 40 0 X 110102 0 68248 1323287 0 368818 11 0 1 0 BON APPETIT 1000 West Temple St Los Angeles CA 900740196 Food Service Contractor 2764764 ROYALL & COMPANY 1920 East Parham Rd Richmond VA 232282206 Consulting Applications 221939 GOOGLE INC PO Box 39000 San Francisco CA 94139 Advertising 201852 3 0 0 0 0 0 4287461 1249562 4287461 Student tuition and fees 611310 72662726 72662726 0 0 Auxiliary Enterprises 611310 10368173 0 0 10368173 Bookstore, net of expenses 611310 55416 0 0 55416 0 0 0 0 83086315 538774 0 0 538774 0 0 0 0 0 0 0 0 8525 0 6768 0 1757 0 1757 0 0 1757 5509167 0 5582318 0 -73151 0 -73151 0 0 -73151 0 Activity fees & other income 611310 381521 381521 0 0 381521 88222677 73044247 0 10890969 0 0 23868718 23868718 0 0 0 0 1164018 338855 403397 421766 0 0 0 0 28689692 24875275 3626560 187857 1317089 1097680 190297 29112 6524328 3594249 2822775 107304 2066985 1627639 398593 40753 0 0 0 0 15386 0 14524 862 59886 0 59886 0 0 0 0 0 0 0 0 0 0 0 3667193 3510266 155639 1288 746919 14650 724369 7900 3480804 2688148 772683 19973 452649 77051 375598 0 0 0 0 0 2100900 1971749 71507 57644 2678528 2550756 105470 22302 0 0 0 0 604978 452033 48421 104524 1119241 459917 659324 0 0 0 0 0 2978249 2978249 0 0 328987 175605 153382 0 Eq rental & maintenance 748832 219296 529334 202 Printing & publishing 533734 382052 124775 26907 Memberships 636438 140571 494085 1782 Honoraria 289172 284751 4421 0 113277 -99597 145474 67400 84186003 71207913 11880514 1097576 2012348 37900 1000674 13211487 3316944 2581554 1845575 1508111 0 0 0 0 1821977 1679304 97672 83703 3821232 538840 112904782 48804017 66298514 64100765 20873966 22217117 130330 130325 1024215 985141 102243447 107074247 4016833 3487406 2077592 3005915 19280000 19510000 4972143 5434920 9254893 6959094 39601461 38397335 X 38642052 42147961 7780147 10132176 16219787 16396775 62641986 68676912 102243447 107074247 4036674 1998252 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 101725 0 0 X X X X 0 18037724 158778 1306766 794095 0 0 18709173 18617884 1032161 -790167 822394 -240 0 18037724 16739357 334770 2487260 968115 -24612 0 18617884 16045963 115193 1570484 944540 47743 0 16739357 20514909 107128 -3538173 745083 292818 0 16045963 0.06 0.84 0.1 1 0 0 13096600 13096600 0 69339309 25040125 44299184 0 5750808 2208798 3542010 0 24263048 21555094 2707954 0 455017 0 455017 64100765 0 Notes payable 106747 Actuarial Liabilities - trusts & annuities 3805443 Interest rate swap liability 3046904 6959094 X 66370012 1998252 0 0 -23868718 -21870466 88240478 0 -17801 -17801 88222677 60335086 0 0 0 17801 17801 60317285 0 23868718 23868718 84186003 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Art items are used in teaching, & the ancient manuscripts are part of an ongoing project to preserve and scan ancient manuscripts for posterity and to provide the scanned documents for scholarship. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds are used for student scholarships & also for other designated educational purposes as required by the donor. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The University recognizes the tax benefit from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The University had no unrecognized tax benefits at June 30, 2013 and 2012. The University recognizes interest accrued and penalties related to unrecognized tax benefits as an administrative expense. During the years ended June 30, 2013 and 2012, the University recognized no interest and penalties. The University files an exempt organization income tax return in the U.S. federal jurisdiction. With few exceptions, the University is no longer subject to U.S. federal tax examinations by tax authorities for years before 2009. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Financial Aid is netted with Tuition Income on the audited financial statements. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Bookstore & rental expenses are reported with income. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Bookstore & rental expenses are reported with income. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Financial Aid expenditures recorded in Net Tuition on audited financials. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Our non-discrimination policy is published annually in the Portland Oregonian newspaper in conjunction with the Oregon Independent College Association. SchE_P01_S00_L06 Schedule E, Part I, Line 6 George Fox University receives Title IV aid for SEOG, federal work study & Perkins loans. GFU also administers grants with the NSF. East Asia and the Pacific 0 3 Program Services Admission counseling 72000 0 3 72000 0 0 0 0 0 0 1 Academic & Performance Scholarships 1163 7836450 0 US dollars Work Study awards 737 1848531 347480 US dollars; room & board charges room & board charges SEOG Grants 321 173048 0 US dollars Designated & Endowed Scholarships 562 597079 0 US dollars Other Scholarships 1986 13066130 0 US dollars SchI_P01_S00_L02 Schedule I, Part I, Line 2 The philosophy of student aid is to provide access and choices to students, who without financial assistance would not be able to attend an institution of higher learning. The Executive Director of Student Financial Services is responsible for establishing Institutional policy development surrounding the delivery of financial assistance. Policy development adheres to federal and state laws and regulations as well as to the mission of the University. When appropriate, Financial Aid policy is reported to and approved by the Vice President of Enrollment Services. These policy changes also involve the Vice President of Financial Affairs. The primary purpose of a collegiate financial aid program should be to provide financial assistance to accepted students who, without such aid, would be unable to attend that university. Each university has an obligation to assist in realizing the national goal of equality of educational opportunity. The University, therefore, should work with schools, community groups, and other educational institutions in support of this goal. Parents are expected to contribute according to their means, taking into account their income, assets, number of dependents, and other relevant information. Students themselves are expected to contribute from their own assets and earnings, including appropriate borrowing against future earnings. Need-based financial aid should be offered only after determination that the resources of the family are insufficient to meet the student's educational expenses. The amount of need-based aid offered should not exceed the amount needed to meet the difference between the student's total educational expenses and the family's resources. The amount and type of self-help expected from students should be related to the circumstances of the individual. In the assignment of funds to those students designated to receive financial aid, the largest amounts of total grant assistance should go to students with the least ability to pay. The university should review its financial assistance awards annually and adjust them, if necessary, to reflect changes in the financial needs of students and the expenses of attending the institution. The university has an obligation to inform students and parents of the financial aid renewal policies for enrolled students at the time of the initial offer of financial assistance. Because the amount of financial assistance awarded reflects the economic circumstances of students and their families as well as available funding, the university should refrain from any public announcement of the amount of aid offered and encourage students, their secondary schools, and others to respect the confidentiality of this information. Selection of students to receive financial aid will be made without regard to age, sex, race, color, religion, national origin, disability or marital status. Priority consideration for aid is given to students whose files are complete by March 1 of each year. The institution will package each student according to the matrix need assigned the student. This determination is made by the award year the student will enter. Once the matrix year is determined the student is awarded a percentage of his or her (FAFSA) need with federal, state and institutional aid. The student is then awarded Work study followed with Perkins loan, Stafford (subsidized or unsubsidized) loan and the PLUS loan. Aid is "frozen" from one year to the next. In extreme instances as defined by the SFS Office, the amount of grant money may be increased. Honors scholarships are awarded based on the high school GPA and either the SAT or ACT scores. Students will continue to receive the scholarship as long as a continuation cumulative GPA is maintained. Award letters are mailed to the student whenever there is a change to the financial aid award and the change affects federal or state awards. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Robin Baker 254260 0 0 0 0 0 29800 0 103857 0 387917 0 0 0 Theodore Allen 151373 0 0 0 0 0 4860 0 30666 0 186899 0 0 Rob Westervelt 128086 0 0 0 0 0 8945 0 13691 0 150722 0 0 Robert Harder 110102 0 0 0 0 0 7198 0 61050 0 178350 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The president is required to live in the president's house. A university owned car is made available for business use. In order to enhance the influence of GFU in the local community, Arlington Club dues are paid for the president. The Arlington Club provides a forum for networking within the business community to find people interested in investing time and resources in higher education. Only required spousal travel is paid for the president. GFU promotes family values and it is expected on some, bur not all, trips that the president's wife will accompany him. A Yamhill County Oregon Series 2012A George Fox University Project 936002318 2012-07-04 19461225 Re-finance of 2005 bond issue 0 0 0 A 0 0 19461225 0 0 0 181225 0 0 0 19280000 0 2012 0 1 1 1 A 0 0 1 1 0 0.00 0.00 0.00 0 0 1 A 0 1 0 0 1 1 US Bank exp 10/1/2035 30 0 0 0 0 1 A 1 Anderson Construction Company Inc see Part V 3500000 see Part V 0 SchL_P04_S00_L00 Schedule L, Part IV Line 1 b Owner, David Anderson is current Board of Trustee member; Line 1 d Construction of athletic center and grandstands X 1 250 donor valuation X 2396 donor valuation X 7 1075093 FMV broker X 1 96000 appraisal X 1 170 donor valuation X Equipment 8 58936 donor valuation X Donated items for events 73 11276 donor valuation X Building and landscaping materials 3 3110 donor valuation X Supplies and office supplies 6 2332 donor valuation 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Our investment brokerage firm sells any gifts of securities immediately for us. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The finance office staff prepares the 990. It is reviewed by the controller & CFO before filing. This return was reviewed by an outside CPA firm additionally. The Board of Trustees Finance Committee will review the 990 after it is filed at their next meeting. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All employees & Board of Trustee members are required to complete a new Conflict of Interest form each year. These records are monitored and reviewed by the Associate Director of Human Resources. The forms are maintained in the Human Resources department. Periodically during the time-frame that these forms are sent to employees, the Associate Director sends out additional requests to those that have not completed the forms. This includes contacting employees' supervisors when necessary. If a conflict of interest or potential conflict of interest is notated on a form by the employee, the Director of Human Resources reviews it. If more information is needed, she contacts the employee. If, in the Director's judgment, it is deemed not to be a conflict of interest, the form is filed and no further action is taken. If a conflict of interest or potential conflict of interest exists, the Director gives the form to the EVP for Finance and Operations to review. If necessary, the EVP then contacts the employee or the head of the department that might be impacted by the conflict of interest (if it is an outside business the university might contract with for services or products) to ensure that sound business practices continue to be followed in selecting vendors, etc. Any employees or board members with conflicts will be prohibited from any deliberations and decisions related to the conflict of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Key employees and top official salaries are reviewed and approved by the Board of Trustees after review of data from comparable schools F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Our Conflict of Interest policy & governing documents are available on our website. We do not make public our financial statements. See IRS Notice CP211A extending due date for filing to 2/15/14.