2013-04-24T18:20:08-05:00 2012-06-30 Capin Crouse LLP 3010 Saturn Street Ste 205 Brea CA 92821 990 2011-07-01 951644035 Point Loma Nazarene University POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 George R Latter Jr 6198492200 2013-04-24 1 David C Moja P00747006 7149619300 2011 2016-02-25 16:41:14Z Robert Brower 3900 Lomaland Drive San Diego CA 92106 99305375 0 X www.pointloma.edu X 1918 CA Non-profit Christian university. 44 37 2158 43 0 0 3379939 3630948 92942813 95249671 264075 424756 0 0 96586827 99305375 15910516 16234601 0 0 49960237 51260146 0 0 1174615 26735604 28793942 92606357 96288689 3980470 3016686 114946962 113108424 52168187 54691915 62778775 58416509 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 52316625 16234601 76059114 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. 10447759 15333682 Academic Support bolsters PLNU students' academic experience through resources like the Tutorial Center, PLNU's Ryan Library, Information Technology Services, and Media and Technology. 12533581 3856875 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. 75297965 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 219 0 1 2158 1 0 0 0 0 0 0 0 0 0 0 X 44 37 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 40.00 X X 261473 0 34981 Steven R Scott 1.00 X X 0 0 0 J Fred Huff 1.00 X X 0 0 0 Daryl C Nicholson 1.00 X X 0 0 0 Carol Van Buskirk 1.00 X X 0 0 0 Jack Stone 1.00 X 0 0 0 Jan Stone 1.00 X 0 0 0 William Thomas Battin 1.00 X 0 0 0 Jennifer J Bentley 1.00 X 0 0 0 Ira F Brown 1.00 X 0 0 0 Randal Benefiel 1.00 X 0 0 0 John H Calhoun 1.00 X 0 0 0 Nancy F Clayton 1.00 X 0 0 0 William James Cullumber 1.00 X 0 0 0 John L Denney 1.00 X 0 0 0 Jerry L Ferguson 1.00 X 0 0 0 Esther Frejo 1.00 X 0 0 0 Larry Fry 1.00 X 0 0 0 Craig K Furusho 1.00 X 0 0 0 Gregory A Garman 1.00 X 0 0 0 Ewell Gunter 1.00 X 0 0 0 Daryl L Hawkins 1.00 X 0 0 0 Roberto Hodgson 1.00 X 0 0 0 Wendy Hubbard 1.00 X 0 0 0 Robert C Killen 1.00 X 0 0 0 Mark Lehman 1.00 X 0 0 0 Mary Leland 1.00 X 0 0 0 Russ Martin 1.00 X 0 0 0 Franklin McHodgkins 1.00 X 0 0 0 Rollie Miller 1.00 X 0 0 0 Gary W Morris 1.00 X 0 0 0 John R Nells 1.00 X 0 0 0 Georgina Rico 1.00 X 0 0 0 Donald R Schengel 1.00 X 0 0 0 Orlando R Serrano 1.00 X 0 0 0 Gary Smee 1.00 X 0 0 0 Rob Songer 1.00 X 0 0 0 Daniel W Spaite 1.00 X 0 0 0 Jim Swanson 1.00 X 0 0 0 Derek Taylor 1.00 X 0 0 0 Mendell Thompson 1.00 X 0 0 0 Dale Twyeffort 1.00 X 0 0 0 Craig Van Hulzen 1.00 X 0 0 0 John T Watkin 1.00 X 0 0 0 George R Latter Jr 40.00 X 163396 0 29197 Allison Reaser 40.00 X 214581 0 50303 Catherine Smith 40.00 X 131979 0 11951 Kerry Fulcher 40.00 X 161317 0 29659 Joe Watkins 40.00 X 128837 0 85645 Lewis Rutledge 40.00 X 137515 0 16531 1199098 0 258267 37 0 1 0 Sodexo Dept 43283 Los Angeles CA 90088 Food Services 4072211 Technology Integration Group PO Box 85244 San Diego CA 92186 Technology 558567 CCS Presentation Systems Inc 3331 Jack Northrup Ave Hawthorne CA 90250 Audio and Visual System Integration 363312 Jenzabar Inc PO Box 845939 Boston MA 02284 Software & Support 351082 Christian Brother's Inc 12086 Woodside Ave Lakeside CA 92040 Flooring 339352 11 312587 3318361 98910 3630948 Tuition and fees 611710 76059114 76059114 Auxiliary revenue 611710 15333682 15333682 Other program revenue 611710 3856875 3856875 95249671 424756 424756 99305375 95249671 0 424756 16234601 16234601 684945 518373 150570 16002 39338770 31668058 7051767 618945 2277361 1443942 830223 3196 6191261 4008000 2174650 8611 2767809 1727008 1036883 3918 63789 21125 41580 1084 81459 16961 63655 843 4342781 3729285 554546 58950 692931 680746 10636 1549 4420750 2320326 1980626 119798 1041871 546878 466758 28235 2597263 1230778 1338409 28076 2584750 1991329 514992 78429 308729 234579 62972 11178 1542487 1369251 145261 27975 3886995 3476763 343781 66451 516003 278003 230069 7931 Equipment rental 4217929 1759306 2453632 4991 Other 1271105 1227853 -9898 53150 Books 465434 453550 10323 1561 Printing 460331 216810 216798 26723 299335 144440 147876 7019 96288689 75297965 19816109 1174615 4519990 3985851 10084999 17777116 2571236 2126445 884760 884760 3149973 2970160 983366 1404009 144350994 71389818 73157902 72961176 10508718 4459271 167810 9086018 6371826 114946962 113108424 6180636 7267706 3349096 2421473 33012589 31720000 112200 388649 3336353 3395039 6177313 9499048 52168187 54691915 X 58241339 53613119 4360772 4626726 176664 176664 62778775 58416509 114946962 113108424 X 3016686 -7378952 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6796960 6796960 107209794 48800179 58409615 22682182 18162491 4519691 7662058 4427148 3234910 72961176 Bond issuance costs 532736 Due from related exempt foundation 5396108 Deposits 415074 Other receivables 27908 6371826 Fair value of swap agreement liability 9499048 9499048 99305375 96288689 3016686 -42373 -7336579 -7378952 -4362266 79394080 -42373 -19556335 -19598708 98992788 312587 312587 99305375 79741501 -312587 -312587 80054088 16234601 16234601 96288689 Part XI, Line 8 - Other Adjustments: Adjustment to swap termination liability -3,321,734. Prior period adjustment with affiliate -4,014,845. Total to Schedule D, Part XI, Line 8: -7,336,579. Part XII, Line 2d - Other Adjustments: Adjustment to value of interest rate swap agreement -3,321,734. Scholarships netted to tuition revenue per books -16,234,601. Part XII, Line 4b - Other Adjustments: Grant from Foundation that audit grouped with University expenses 312,587. Part XIII, Line 2d - Other Adjustments: Grant from Foundation that audit grouped with University expenses -312,587. Part XIII, Line 4b - Other Adjustments: Scholarships netted to tuition revenue per books 16,234,601. 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 Published annually in the San Diego Tribune. Explanation of Government Financial Assistance 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. 1 Student Scholarships/Awards 1867 16234601 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 257082 0 210 0 4181 0 20567 0 14707 0 296747 0 0 0 George R Latter Jr 163186 0 210 0 0 0 13349 0 15622 0 192367 0 0 0 Allison Reaser 174867 0 210 0 39504 0 14803 0 35608 0 264992 0 0 0 Kerry Fulcher 159278 0 210 0 1829 0 13000 0 16892 0 191209 0 0 0 Joe Watkins 128837 0 0 0 0 0 13796 0 73440 0 216073 0 0 0 Lewis Rutledge 97873 0 210 0 39432 0 10649 0 11061 0 159225 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. A housing allowance is provided to ordained ministers. The housing allowance is approved by the board and documented in the board minutes. ABAG Finance Authority for Nonprofit Corps 943130123 00037CNH9 2008-11-25 34000000 Refund 1 0 0 34000000 33526459 119000 354541 1 0 1 1 0 0 0 0 1 0 1 1 Bank of America 24.833333300000 0 0 0 0 0 Robert Brower Housing Equity Agreement X 365400 365400 0 1 1 George Latter Jr Housing Equity Agreement X 58000 29000 0 1 1 Catherine Smith Housing Equity Agreement X 65360 65360 0 1 1 Joe Watkins Housing Equity Agreement X 100000 100000 0 1 1 Kerry Fulcher Housing Equity Agreement X 325000 325000 0 1 1 884760 Student Aid 12400 Need Based Scholarships 10400 Discounted Tuition 26345 Merit Scholarship 11000 Tuition Remission 46600 Linda Brower Family of Robert Brower, President 14009 W2 Employee 0 Alisha Brower Family of Robert Brower, President 25230 W2 Employee 0 Ron Benefiel Family of Randy Benefiel, Trustee 52621 W2 Employee 0 Stephanie Bentley Family of Jennifer Bentley, Trustee 13836 W2 Employee 0 Danielle Brown Family of Ira Brown, Trustee 26167 W2 Employee 0 Justin Denney Family of John Denney, Trustee 26060 W2 Employee 0 Bethany Denney Family of John Denney, Trustee 35059 W2 Employee 0 Ashley Hutchison Family of Sue Hutchison, Trustee 20592 W2 Employee 0 Shannon Hutchison Family of Sue Hutchison, Trustee 43413 W2 Employee 0 Ken Martin Family of Russ Martin, Trustee 103531 W2 Employee 0 Karl Martin Family of Russ Martin, Trustee 85973 W2 Employee 0 Brenda Martin Family of Russ Martin, Trustee 36398 W2 Employee 0 Victor Labenske Family of Dan Spaite, Trustee 84395 W2 Employee 0 X 1909 Fair Market Value X 1649 Fair Market Value X 2 1500 Fair Market Value X Miscellaneous 5 961 Fair Market Value X Computer Equipment 1 72352 Fair Market Value X Musical Instruments 2 12500 Fair Market Value X Office Furniture 1 8040 Fair Market Value 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): Amounts in this column represent the number of contributions received. Form 990, Part VI, Section A, line 2 Darryl Nicholson and Craig VanHulzen - business relationship. Jim Swanson and Gary Smee - 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -42,373. Adjustment to swap termination liability -3,321,734. Prior period adjustment with affiliate -4,014,845. Total to Form 990, Part XI, Line 5: -7,378,952. Explanation of responsibility Form 990, Part XII, line 2c: The University 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. Form 990, Part VII, Section A, Line 1a: Compensation reported in column D is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the employee's retirement plan deferrals with the box 1 compensation for the listed minister, following the IRS compensation reporting grid on page 29 of the Form 990 instructions. Form 990, Part X: Form 990, Part X, Column A is reported as filed on the 990 as of 6/30/11. Certain amounts in Column B as of 6/30/12 were reclassified to provide more detail and not comparable to the beginning balances. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0