2014-05-06T16:56:35-05:00 2013-06-30 420714325 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2012-07-01 951643389 UNIVERSITY OF REDLANDS UNIV 9097488180 PO BOX 3080 REDLANDS CA 923730999 CORY R NOMURA 9097488066 2014-04-30 1 KAY HEGARTY P00091057 3192985333 2012 2015-11-30 17:44:51Z RALPH W KUNCL PO BOX 3080 REDLANDS CA 923730999 189026063 0 X WWW.REDLANDS.EDU X 1907 CA THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT LIBERAL ARTS AND SCIENCES UNIVERSITYCOMMITTED TO A MISSION THAT EMPHASIZES ACADEMIC RIGOR, PERSONAL DEVELOPMENT AND INTERDISCIPLINARY STUDIES. 35 34 3024 600 -54283 -88759 8426456 10724780 145889295 161382635 -3041159 6478421 251475 163490 151526067 178749326 45836493 52798584 0 0 61429017 64550687 0 0 3098244 51707255 55695387 158972765 173044658 -7446698 5704668 302840780 313544219 120398933 121474136 182441847 192070083 X SEE SCHEDULE O FOR THE FULL MISSION STATEMENT AS ADOPTED BY THE BOARD OF TRUSTEES 0 0 44458261 159119052 INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 4,956 FULL TIME AND PART TIME STUDENTS 52798584 52798584 SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 3,000 STUDENTS 17970411 2263583 STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS 19853725 PUBLIC SUPPORT AND STUDENT SERVICES 19853725 135080981 1 1 0 1 0 0 0 1 0 1 1 1 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 0 1 0 0 0 0 1 1 0 0 0 1 6474 0 1 3024 1 1 1 1 AU 0 0 0 0 0 0 0 0 X 35 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CORY NOMURA VP FOR FINANCE & ADMIN 9097488066 1200 E COLTON AVE REDLANDS CA 92373 BRADLEY ADAMS 1.00 X 0 0 0 HARRISON BAINS 1.00 X 0 0 0 WENDELL BARNER 1.00 X 0 0 0 CAROLE BESWICK 1.00 X X 0 0 0 LARRY BURGESS 1.00 X X 3000 0 0 JOSEPH D'ANNA 1.00 X 0 0 0 DAVID DANIELSON 1.00 X 0 0 0 STACEY DUFF 1.00 X 0 0 0 DAVID ENZMINGER 1.00 X 0 0 0 RICHARD FISHER 1.00 X X 0 0 0 BECKY CAMPBELL GARNETT 1.00 X 0 0 0 THOMAS GILMER 1.00 X X 0 0 0 DEBBIE HEAP 1.00 X 0 0 0 GREGORY HORTER 1.00 X 0 0 0 RICHARD HUNSAKER 1.00 X X 0 0 0 DEAN IRVING 1.00 X 0 0 0 LAWRENCE KING 1.00 X 0 0 0 TERRY KUPFER 1.00 X 0 0 0 LELAND LAUNER 1.00 X 0 0 0 ANN LUCAS 1.00 X 0 0 0 SHERRI MEDINA 1.00 X 0 0 0 PATRICK MORRIS 1.00 X 0 0 0 ROBERT ODA 1.00 X 0 0 0 STEPHEN OLSON 1.00 X 0 0 0 JAMES RAMOS 1.00 X 0 0 0 DANIEL RENDLER 1.00 X 0 0 0 SABINE ROBERTSON-PHILLIPS 1.00 X 0 0 0 DARREN ROSE 1.00 X 0 0 0 ROGER SALAZAR 1.00 X 0 0 0 JAMES SCHROEDER 1.00 X 0 0 0 LINDA NELSON SIMMS 1.00 X 0 0 0 CHRIS STRAND 1.00 X 0 0 0 ANTHONY TAYLOR 1.00 X 0 0 0 RONALD TROUPE 1.00 X 0 0 0 STANLEY WEISSER 1.00 X 0 0 0 CHARLOTTE BURGESS 40.00 X 169591 0 17977 PHILLIP DOOLITTLE 40.00 X 328275 0 30398 DAVID FITE 40.00 X 223622 0 27272 GAIL GUGE 40.00 X 94336 0 6604 NEIL MACREADY 40.00 X 220352 0 31272 CORY NOMURA 40.00 X 180156 0 13424 JAMES APPLETON 40.00 X 622895 0 42989 RALPH KUNCL 40.00 X 226746 0 95011 KEVIN DYERLY 40.00 X 101937 0 7041 EDWIN CALLAHAN 40.00 X 173708 0 0 HAMID ETESAMNIA 40.00 X 177628 0 30518 STUART NOBLE-GOODMAN 40.00 X 181107 0 28667 KATHY OGREN 40.00 X 164566 0 24194 JAMES VALADEZ 40.00 X 162555 0 23232 KIMBERLI MUNKRES 40.00 X 166519 0 9954 JACK OSBORN 40.00 X 152524 0 27471 LOUANNE LONG 40.00 X 141724 0 0 BETHANN COREY 40.00 X 143602 0 24332 WILLIAM PLATT 40.00 X 283908 0 20 G KEITH ROBERTS 40.00 X 140464 0 10448 4059215 0 450824 80 0 1 0 TOVEYSHULTZ CONSTRUCTION 18261 COLLIER AVE UNIT A LAKE ELSINORE CA 92530 CONSTRUCTION 5800567 BON APPETIT MANAGEMENT 2730 SAND HILL RD STE 100 MENLO PARK CA 94025 FOOD SERVICE 5567986 TRIBUNE DIRECT 202 W FIRST STREET LOS ANGELES CA 90012 ADVERTISING & MARKETING 1082041 SODEXO INC & AFFILIATES 300 W HAWTHORNE SPOKANE WA 99251 JANITORIAL 1060066 CLEAR CHANNEL WORLDWIDE 200 EAST BASSE ROAD SAN ANTONIO TX 782098328 ADVERTISING & MARKETING 1059072 68 2178236 8546544 125205 10724780 TUITION & FEES 611600 157283697 157283697 AUXILIARY PROGRAMS 611710 2263583 2263583 ASSOCIATED STUDENT 611600 925740 925740 CONFERENCES 611600 909615 909615 161382635 2051222 2051222 138975 138975 78798 0 78798 78798 78798 13731835 972101 8809511 1467226 4922324 -495125 4427199 4427199 ADVERTISING 541800 4313 4313 PARTNERSHIPS-FORM K-1 525990 -58596 -58596 -54283 178749326 161382635 -54283 6696194 52798584 52798584 3568484 990783 2440579 137122 48230313 37130293 9625264 1474756 2723353 2004687 633915 84751 6257472 4606188 1456552 194732 3771065 2775919 877791 117355 286095 5522 280573 224016 224016 75000 75000 484918 484918 9663572 7856538 1660584 146450 5105585 317459 4773573 14553 3520765 1160741 1958682 401342 1643068 1643068 8533721 3330791 5202312 618 2600007 2243406 266844 89757 174215 130888 24350 18977 3624244 2958839 665405 9846304 9846304 1327303 998530 292608 36165 STUDENT PROGRAMS 6665448 5398148 910310 356990 BAD DEBT EXPENSE 419371 192106 227265 MEMBERSHIPS 266480 82483 176755 7242 1235275 252772 965069 17434 173044658 135080981 34865433 3098244 2083948 2331486 15466324 19852919 4714266 3468135 4079451 5748284 1901302 3326516 102191 97530 2300339 2080548 286103386 140481105 148029356 145622281 18522049 18773300 90923637 98509839 13297474 12417429 1420443 1315952 302840780 313544219 16353864 13881456 4465869 6219996 72279575 70580487 5615862 9009095 21683763 21783102 120398933 121474136 X 55215426 60442006 30461078 32104334 96765343 99523743 182441847 192070083 302840780 313544219 X 5704668 5174907 -1251339 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 75000 0 0 0 75000 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: LOBBYING ACTIVITIES WERE CARRIED OUT THROUGH SHOCKEY SCOFIELD SOLUTIONS LLC. THE PURPOSE OF THE LOBBYING EFFORTS WAS TO SECURE FUNDING FOR VARIOUS PROGRAMS. 0 0 X X 0 107520190 2303169 10442058 2034762 2979581 115251074 111543339 1510384 -503748 2046328 2983457 107520190 96476920 5579322 15231580 2099400 3645083 111543339 91718845 1596175 9114030 2173038 3779092 96476920 124403138 1695948 -26882852 2354002 5143387 91718845 0.05000 0.77000 0.18000 0 0 226619 2458877 2685496 9379708 220680238 98748756 131311190 7516121 4189320 3326801 45378496 37543029 7835467 463327 463327 145622281 OTHER INVESTMENTS 423680 C ASSETS HELD BY OTHERS-TRUSTS 1077034 F LTD P-SHIP-PRIVATE EQUITY 9547272 F LTD P-SHIP-MULTI-HEDGE STRATEGIES 20418923 F INFLATION HEDGING 11670756 F COMMON TRUST FUNDS 23519996 F GLOBAL EQUITIES 24946140 F FIXED INCOME 6906038 F 98509839 LEGAL RESERVE FOR ANNUITIES PAYABLE 1827247 REFUNDABLE U.S. GOVT STUDENT LOANS 5327794 ACTUARIAL LIABILITY FOR TRUSTS PAYABLE 11420886 ASSET RETIREMENT OBLIGATION 2928065 UNEARNED REVENUE-POOLED INCOME FUNDS 279110 21783102 X 128677785 5174907 5174907 123502878 374965 54871483 55246448 178749326 119049549 0 119049549 374965 53620144 53995109 173044658 PART III, LINE 4: THE UNIVERSITY MAINTAINS A LIMITED COLLECTION OF ART AND HISTORICAL TREASURES TO BE USED FOR ACADEMIC AND RESEARCH PURPOSES AS WELL AS PRESERVING COLLECTION ITEMS FOR FUTURE GENERATIONS. UPON THE ADOPTION OF SFAS 116, THE UNIVERSITY ELECTED TO CAPITALIZE COLLECTION ITEMS PROSPECTIVELY. SUBSEQUENT TO MAKING THE ELECTION, THE UNIVERSITY HAS NOT RECORDED ANY SIGNIFICANT COLLECTION ITEMS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED FOR SCHOLARSHIPS, EDUCATIONAL ACTIVITIES AND INSTITUTIONAL SUPPORT PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS TAXABLE INCOME (UBIT) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THE UNIVERSITY'S MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2013 AND 2012, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30,2009 AND PRIOR. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSOCIATED STUDENT REVENUE 925,740. BOOK/TAX DIFFERENCE FROM K-1 -58,596. INSTITUTIONAL GRANTS 52,798,584. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,205,755. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 52,798,584. ASSOCIATED STUDENT EXPENSES 821,560. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLISHES STATEMENTS THAT THE UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMISSIONS PROCESS IN THE UNIVERSITY CATALOG, ADMISSIONS BROCHURES, AND APPLICATION FORMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 GRANTS RECEIVED FROM FEDERAL AND STATE AGENCIES FOR FINANCIAL ASSISTANCE TO STUDENTS. EUROPE 1 3 PROGRAM SERVICES UNDERGRADUATE STUDY ABROAD 818087 1 3 0 0 1 3 818087 0 818087 1 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE ORGANIZATION MONITORS FOREIGN EXPENDITURES ON A MONTHLY BASIS. ONCE DURING EACH SEMESTER, THE UNIVERSITY OF REDLANDS TRANSFERS EUROS TO THE FOREIGN OFFICE FOR THE ESTIMATED AMOUNT OF THE FOREIGN OFFICE'S EXPENDITURES FOR THE SEMESTER. AT THE END OF EACH MONTH, THE FOREIGN OFFICE SENDS THE UNIVERSITY OF REDLANDS A LEDGER OF ACTUAL EXPENDITURES AND A CASH RECONCILIATION FOR THE BANK ACCOUNT. THE UNIVERSITY OF REDLANDS EVALUATES AND RECONCILES THE FOREIGN ACCOUNT CASH BALANCE AND UPDATES THE GENERAL LEDGER MONTHLY BASED ON THE ACTUAL DATA RECEIVED. AT THE END OF EACH SCHOOL YEAR, THE FOREIGN OFFICE PROVIDES THE UNIVERSITY OF REDLANDS WITH RECEIPTS AND DOCUMENTATION FOR ALL EXPENDITURES FOR THE YEAR. 1 UNDERGRADUATE NEED BASED SCHOLARSHIPS 2164 46736522 N/A N/A UNDERGRADUATE MERIT BASED SCHOLARSHIPS 465 4638623 N/A N/A GRADUATE NEED BASED SCHOLARSHIPS 456 1423439 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: DISBURSEMENTS TO STUDENTS RECEIVING FINANCIAL AID ARE MADE IN ACCORDANCE WITH INSTITUTIONAL PROCEDURES TO ENSURE THAT THOSE RECEIVING THE AID ARE QUALIFYING RECIPIENTS. FINANCIAL AID AWARDING POLICIES LIMIT GRANTS AND SCHOLARSHIPS TO THE MAXIMUM OF ANNUAL TUITION. GRANTS AND SCHOLARSHIPS ARE APPLIED DIRECTLY TO A STUDENT ACCOUNT AND FUNDS ARE NOT DISTRIBUTED DIRECTLY TO STUDENTS. OVERPAYMENT OR CREDIT BALANCES OF STUDENT ACCOUNT BALANCES ARE ANALYZED PRIOR TO DISTRIBUTING REFUNDS TO STUDENTS TO ENSURE THAT GRANTS AND SCHOLARSHIPS ARE PROPERLY AWARDED AND UTILIZED FOR EDUCATIONAL PURPOSES. X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 CHARLOTTE BURGESS 167699 0 0 0 1892 0 11900 0 6077 0 187568 0 0 0 PHILLIP DOOLITTLE 320356 0 0 0 7919 0 17350 0 13048 0 358673 0 0 0 DAVID FITE 222303 0 0 0 1319 0 15838 0 11434 0 250894 0 0 0 NEIL MACREADY 218160 0 0 0 2192 0 15685 0 15587 0 251624 0 0 0 CORY NOMURA 175125 0 0 0 5031 0 12311 0 1113 0 193580 0 0 0 JAMES APPLETON 582617 0 0 0 40278 0 42333 0 656 0 665884 0 176024 0 RALPH KUNCL 180197 0 42000 0 4549 0 42500 0 52511 0 321757 0 0 0 EDWIN CALLAHAN 173708 0 0 0 0 0 0 0 0 0 173708 0 0 0 HAMID ETESAMNIA 166618 0 10000 0 1010 0 13083 0 17435 0 208146 0 0 0 STUART NOBLE-GOODMAN 156968 0 0 0 24139 0 11496 0 17171 0 209774 0 0 0 KATHY OGREN 153598 0 10000 0 968 0 11799 0 12395 0 188760 0 0 0 JAMES VALADEZ 161644 0 0 0 911 0 15302 0 7930 0 185787 0 0 0 KIMBERLI MUNKRES 156311 0 10000 0 208 0 9627 0 327 0 176473 0 0 0 JACK OSBORN 151650 0 0 0 874 0 11252 0 16219 0 179995 0 0 0 BETHANN COREY 143432 0 0 0 170 0 10467 0 13865 0 167934 0 0 0 WILLIAM PLATT 55914 0 0 0 227994 0 0 0 20 0 283928 0 0 0 G KEITH ROBERTS 136013 0 4000 0 451 0 9816 0 632 0 150912 0 0 0 PART I, LINE 1A JAMES APPLETON, PRESIDENT, RECEIVED A HOUSING ALLOWANCE WHICH WAS INCLUDED IN HIS TAXABLE COMPENSATION. RALPH KUNCL, PRESIDENT WAS PROVIDED A UNIVERSITY OWNED RESIDENCE WHERE HE WAS REQUIRED TO RESIDE AS A CONDITION OF HIS EMPLOYMENT. THE UNIVERSITY MAINTAINED THE HOUSE BY PROVIDING FOR MAINTENANCE INCLUDING ALARM, POOL, UTILITY, JANITORIAL, HOUSEKEEPING, AND LANDSCAPING SERVICES. THE FAIR MARKET RENTAL VALUE OF $18,000 AND THE MAINTENANCE COSTS OF $22,401 ARE REPORTED AS OTHER COMPENSATION ON FORM 990, PART VII, SECTION A, LINE 1, COLUMN (F) AND ON SCHEDULE J, PART II, COLUMN (D). THESE COSTS WERE INCURRED FOR THE LAST FOUR AND ONE HALF MONTHS OF 2012. THE UNIVERSITY PAID COUNTRY CLUB DUES ON BEHALF OF JAMES APPLETON, PRESIDENT, RALPH KUNCL, PRESIDENT, PHILLIP DOOLITTLE, EXECUTIVE VICE PRESIDENT, AND NEIL MACREADY, VP OF UNIVERSITY RELATIONS. THE PERSONAL USE PORTION OF THE VALUE OF THE COUNTRY CLUB DUES IS INCLUDED IN REPORTABLE COMPENSATION FOR THESE EMPLOYEES ON FORM 990, PART VII, SECTION A, LINE 1, COLUMN (D) AND ON SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINES 4A-B PART I, LINES 4A-B: LINE 4A: GAIL GUGE $94,336 WILLIAM PLATT $227,801 LINE 4B: JAMES APPLETON CONTRIBUTION TO 457(F) PLAN $36,225 AND DISTRIBUTION FROM 457(F) PLAN $158,099 RALPH KUNCL CONTRIBUTION TO 457(F) PLAN $42,500 A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130175YV8 2003-03-27 17475467 SEE PART V 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130175D58 2003-06-11 17193800 REFUND OF PRIOR 1995 BOND ISSUE 0 0 0 C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301755C2 2005-07-07 28430427 SEE PART V 0 0 0 D CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178NF9 2008-05-22 20434949 SEE PART V 0 0 0 A 17475467 800467 16675000 2008 0 0 1 1 B 17193800 16573162 620638 2003 0 1 1 1 C 28430427 16822357 491477 11116593 2008 0 1 1 1 D 20434949 434949 20000000 2009 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2009 ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2006 ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/01/2008 ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2010 SCHEDULE K, PART I, COLUMN F DESCRIPTION OF PURPOSE BOND #1: A. CONSTRUCTION OF A 200-BED STUDENT HOUSING COMMUNITY. PROVIDES ON-CAMPUS STUDENT HOUSING FOR STUDENTS ENROLLED IN THE COLLEGE OF ARTS AND SCIENCES PROGRAM. $11,900,000 PROJECT COST; B. CONSTRUCTION, ACQUISITION AND EQUIPPING OF COGENERATION FACILITY. CO-GENERATION PROJECT IS DESIGNED TO MEET GROWING CAMPUS ENERGY LOADS. THE COGENERATION FACILITY WILL PROVIDE ELECTRICITY, HEAT AND COOLING. STABILIZE ENERGY EXPENSE IN A PERIOD OF VOLATILITY AND UNCERTAIN ENERGY MARKETS. $3,300,000 PROJECT COST; C. INFRASTRUCTURE IMPROVEMENTS TO CONNECT HUNSAKER UNIVERSITY CENTER (STUDENT CENTER) AND CALIFORNIA/FOUNDERS HALL (STUDENT RESIDENCE HALLS) TO THE UNIVERSITY'S MECHANICAL CENTER TO PROVIDE CENTRAL HEATING AND COOLING. $960,000 PROJECT COST; D. DEMOLITION OF VILLAGE STUDENT HOUSING AND THE CONSTRUCTION OF A NEW PARKING AREA, PEDESTRIAN WALKWAYS AND LANDSCAPING ON THE SITE. PARKING AND PEDESTRIAN WALKWAYS FOR GENERAL CAMPUS USE (FOR STUDENTS, EMPLOYEES AND VISITORS). $325,000 PROJECT COST; E. RENOVATIONS OF CLASSROOMS, ART STUDIOS, FACULTY OFFICES, TECHNOLOGY LABORATORIES, AND OTHER ACADEMIC SPACES, AS WELL AS RECREATIONAL SPACES, INCLUDING DUKE HALL,HENTSCHKE HALL AND CURRIER GYMNASIUM. SPACES TO BE USED FOR TEACHING, RESEARCH AND OTHER ACADEMIC RELATED USES. ANY UNSPENT PORTION OF REMAINING BOND PROCEEDS. BOND #3: A. CONSTRUCTION, ACQUISITION AND EQUIPPING OF COGENERATION FACILITY INCLUDING THE PURCHASE AND INSTALLATION OF ALL REQUIRED EQUIPMENT THEREIN. $3,600,000 PROJECT COST; B. ACQUISITION AND EQUIPMENT FOR REPLACEMENT OF CAMPUS TELEPHONE SYSTEM. $1,600,000 PROJECT COST; C. RENOVATION OF FOUNDERS HALL, A STUDENT RESIDENCE HALL/DORMITORY, AND PURCHASE AND INSTALLATION OF EQUIPMENT AND FURNISHINGS THEREIN. $3,000,000 PROJECT COST; D. RENOVATION OF CALIFORNIA HALL, A STUDENT RESIDENCE HALL/DORMITORY, AND PURCHASE AND INSTALLATION OF EQUIPMENT AND FURNISHINGS THEREIN. $2,900,000 PROJECT COST; E. RENOVATIONS OF CLASSROOMS, ART STUDIOS, FACULTY OFFICES, TECHNOLOGY LABORATORIES, AND OTHER ACADEMIC SPACES, AS WELL AS RECREATIONAL SPACES, INCLUDING DUKE HALL, HENTSCHKE HALL AND CURRIER GYMNASIUM. SPACES TO BE USED FOR TEACHING, RESEARCH AND OTHER ACADEMIC RELATED USES. ANY UNSPENT PORTION OF REMAINING BOND PROCEEDS. BOND #4: A. CONSTRUCTION OF NEW ART CENTER (FIRST PHASE), INCLUDING ART STUDIOS, GALLERY, CLASSROOMS/WORKSHOPS AND FACULTY OFFICES, AND THE EXPANSION OF THE EXISTING WALLICHS THEATRE, WITH THE ADDITION OF A NEW BLACK BOX THEATRE. PROJECT SQUARE FOOTAGE OF 42,000. TOTAL PROJECT COST OF APPROXIMATELY $23.9 MILLION WITH $9.0 MILLION BEING FINANCED; B. RENOVATION OF LOWER LEVEL OF THE EXISTING ARMACOST LIBRARY, INCLUDING ACADEMIC COMPUTER CENTER, INSTRUCTIONAL TECHNOLOGY SERVICES, LEARNING SPACES, COMPUTER LABS, COLLABORATIVE STUDENT STUDY AREAS, CAFE(COFFEESTORE) AND ADMINISTRATIVE OFFICES. PROJECT SQUARE FOOTAGE OF 21,000. TOTAL PROJECT COST OF APPROXIMATELY $10.4 MILLION WITH $8.7 MILLION FINANCED; C.INFRASTRUCTURE IMPROVEMENTS TO THE UNIVERSITY'S ENERGY CENTER (CO-GENERATION PLANT) WITH THE EXTENSION OF THE HOT/CHILLED WATER DISTRIBUTION SYSTEM. TOTAL PROJECT COST OF APPROXIMATELY $2.3 MILLION, ALL FINANCED. X 500 FMV X 26 76668 FMV X MUSICAL INSTRUMENTS 2 10610 FMV X POOL TABLES 2 795 FMV X ATHLETIC APPAREL 1 1296 FMV X FACILITY REPAIRS 2 35336 FMV 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE QUANTITIES LISTED REPRESENT THE NUMBER OF INSTANCES THAT A CONTRIBUTION OF SUCH PROPERTY WAS RECEIVED. THE NUMBERS DO NOT NECESSARILY REFLECT THE NUMBER OF CONTRIBUTORS OR THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 (1) RALPH KUNCL, PRESIDENT, CORY NOMURA, CFO/TREASURER, AND DAVID FITE, VP ACADEMIC AFFAIRS SERVE AS NON COMPENSATED DIRECTORS OF REDLANDS PROPERTY MANAGEMENT, INC., A CORPORATION (A) CREATED TO HOLD TITLE TO PROPERTIES ACQUIRED BY THE UNIVERSITY OF REDLANDS (B) WHICH DOES NOT CONDUCT ANY BUSINESS. ANY PROPERTIES HELD WOULD BE DIRECTLY MANAGED BY THE UNIVERSITY OF REDLANDS AND ACCOUNTED FOR DIRECTLY IN ITS BOOKS AND RECORDS. (2) CHARLOTTE BURGESS, VP STUDENT LIFE AND LARRY BURGESS, SECRETARY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY UNIVERSITY MANAGEMENT, LEGAL COUNSEL AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE FORM 990 RETURN. THE FINAL COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE IS ANNUALLY DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR ADMINISTRATIVE PERSONNEL TO DETERMINE RELATED PARTY/CONFLICT OF INTEREST DISCLOSURES. QUESTIONNAIRE RESPONSES ARE REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES TO DETERMINE IF ANY POTENTIAL CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS ESTABLISHED ANNUALLY BY THE EXECUTIVE EVALUATION & COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE UNIVERSITY UTILIZED AN INDEPENDENT COMPENSATION FIRM TO COMPLETE AN EXECUTIVE COMPENSATION STUDY. COMPARATIVE SALARY AND BENEFIT INFORMATION IS REVIEWED IN ESTABLISHING THE APPROPRIATE LEVEL OF COMPENSATION FOR OFFICERS. ALL OFFICER COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION DELIBERATION AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: NET ASSOCIATED STUDENT REVENUE/EXPENSES -104,180. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,205,755. BOOK/TAX DIFFERENCE ON K-1 58,596. FULL MISSION STATEMENT AS ADOPTED BY THE BOARD FORM 990, PART III, LINE 1 THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT UNIVERSITY COMMITTED TO PROVIDING A PERSONALIZED EDUCATION THAT FREES STUDENTS TO MAKE ENLIGHTENED CHOICES. REDLANDS EMPHASIZES ACADEMIC RIGOR, CURRICULAR DIVERSITY, AND INNOVATIVE TEACHING. REDLANDS FOSTERS A COMMUNITY OF SCHOLARS AND ENCOURAGES A PLURALISTIC NOTION OF VALUES BY CHALLENGING ASSUMPTIONS AND STEREOTYPES IN BOTH CLASSES AND ACTIVITIES. A REDLANDS EDUCATION GOES BEYOND TRAINING TO EMBRACE A REFLECTIVE UNDERSTANDING OF OUR WORLD; IT PROCEEDS FROM INFORMATION TO INSIGHT, FROM KNOWLEDGE TO MEANING. WELCOMING INTELLECTUALLY CURIOUS STUDENTS OF DIVERSE RELIGIOUS, ETHNIC, NATIONAL, AND SOCIO-ECONOMIC BACKGROUNDS, THE UNIVERSITY SEEKS TO DEVELOP RESPONSIBLE CITIZENSHIP AS PART OF A COMPLETE EDUCATION. REDLANDS ENCOURAGES A COMMUNITY ATMOSPHERE WITH EXCEPTIONAL OPPORTUNITY FOR STUDENT LEADERSHIP AND INTERACTION. FOR WORKING ADULTS, THE UNIVERSITY OFFERS INNOVATIVE PROGRAMS AT CONVENIENT LOCATIONS AND TIMES. REDLANDS BLENDS LIBERAL ARTS AND PROFESSIONAL PROGRAMS, APPLIED AND THEORETICAL STUDY, TRADITIONAL MAJORS AND SELF-DESIGNED CONTRACTS FOR GRADUATION. SMALL CLASSES ENABLE EACH STUDENT TO PARTICIPATE IN CLASS DISCUSSION, TO WORK CLOSELY WITH PROFESSORS, AND TO RECEIVE EXTENSIVE INDIVIDUAL ATTENTION. REDLANDS REMAINS SENSITIVE TO CONTEMPORARY TRENDS IN SOCIETY AND CHALLENGES STUDENTS TO COMMIT THEMSELVES TO A LIFETIME OF LEARNING. OTHER COMPENSATION/NON-TAXABLE BENEFITS FORM 990, PART VII AND PART IX, AND SCHEDULE J THE UNIVERSITY PROVIDES TUITION REMISSION, ASSISTANCE, AND/OR EXCHANGE TO ITS EMPLOYEES AND THEIR FAMILY MEMBERS AS A NON-TAXABLE BENEFIT. AMOUNTS FOR SUCH TUITION ARE REPORTED ON FORM 990, PART VII, SECTION A, LINE 1, COLUMN (F), FORM 990, PART IX, LINE 5 OR 9, AND SCHEDULE J, PART II, COLUMN (D), AS APPLICABLE. COMPENSATION FOR LARRY BURGESS, SECRETARY PART VII, SECTION A, LINE 1 LARRY BURGESS WAS PAID $3,000 AS AN EMPLOYEE FOR TEACHING SERVICES AS AN ADJUNCT FACULTY MEMBER. HE IS NOT COMPENSATED FOR HIS SERVICES AS A TRUSTEE. 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