2012-05-14T10:52:14-05:00 2011-06-30 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2010-07-01 951643389 UNIVERSITY OF REDLANDS UNIV 9093355264 PO BOX 3080 REDLANDS CA 923730999 CORY R NOMURA 9097488066 2012-05-07 1 KAY HEGARTY 3192985333 2010 2016-02-24 21:20:13Z JAMES R APPLETON PO BOX 3080 REDLANDS CA 923730999 149488388 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. 34 32 3061 600 89724 65076 11837759 10798954 127125472 134236633 1897798 3623157 383815 276895 141244844 148935639 37048909 40475376 0 0 59410419 59321230 0 0 2761383 49558076 50300160 146017404 150096766 -4772560 -1161127 297092807 307543761 122195721 120175900 174897086 187367861 X SEE SCHEDULE O FOR THE FULL MISSION STATEMENT AS ADOPTED BY THE BOARD OF TRUSTEES. 0 0 42052408 131751657 INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 4,470 FULL TIME AND PART TIME STUDENTS. 40475376 40475376 SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 2,000 STUDENTS. 16495491 2484976 STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS. 17752378 OTHER SERVICES 17752378 116775653 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 270 0 1 3061 1 1 1 1 AU 0 0 0 0 0 0 0 0 X 34 32 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CORY NOMURA CFOTREASURER 9097488066 1200 E COLTON AVE REDLANDS CA 92373 HARRISON BAINS 1.00 X 0 0 0 WENDELL BARNER 1.00 X 0 0 0 TERRY BELMONT 1.00 X 0 0 0 CAROLE BESWICK 1.00 X 0 0 0 LARRY BURGESS 1.00 X X 3000 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 0 0 0 KENNETH HALL 1.00 X 0 0 0 WILLIAM HARDY 1.00 X 0 0 0 VIRGINIA HUNSAKER 1.00 X 0 0 0 RICHARD HUNSAKER 1.00 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 LAURA JOHNSON MERICKEL 1.00 X 0 0 0 PATRICK MORRIS 1.00 X 0 0 0 ALICE MOZLEY 1.00 X 0 0 0 ROBERT ODA 1.00 X 0 0 0 STEPHEN OLSON 1.00 X 0 0 0 DARREN ROSE 1.00 X 4000 0 0 JESS SENECAL 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 JEFFREY WAGNER 1.00 X 0 0 0 STANLEY WEISSER 1.00 X 0 0 0 ROBERT WIENS 1.00 X 0 0 0 JAMES APPLETON 40.00 X 300490 0 97360 CHARLOTTE BURGESS 40.00 X 145498 0 14161 PHILLIP DOOLITTLE 40.00 X 262363 0 23234 DAVID FITE 40.00 X 191151 0 23590 GAIL GUGE 40.00 X 185715 0 401 NEIL MACREADY 40.00 X 182259 0 24542 CORY NOMURA 40.00 X 168113 0 24565 EDWIN CALLAHAN 40.00 X 163656 0 0 HAMID ETESAMNIA 40.00 X 164136 0 23181 BARBARA MORRIS 40.00 X 158648 0 17495 NANCY CARRICK 40.00 X 155481 0 16390 ROBERTA DELLHIME 40.00 X 129694 0 56834 STUART NOBLE-GOODMAN 40.00 X 143885 0 24741 JACK OSBORN 40.00 X 148522 0 19799 GREG SALYER 40.00 X 214968 0 15251 STUART DORSEY 40.00 X 349279 0 116310 3070858 0 497854 74 1 1 0 BON APPETIT 2730 SAND HILL RD STE 100 MENLO PARK CA 94025 FOOD SERVICE 5403815 TOVEY SHULTZ CONSTRUCTION INC 18261 COLLIER AVE UNIT A LAKE ELSINORE CA 92530 CONSTRUCTION 1239931 CLEAR CHANNEL WORLDWIDE 12370 HESPERIA RD17 VICTORVILLE CA 92392 ADVERTISING 1069723 INSIDE TRACK INC DEPT LA22614 PASADENA CA 91185 CONSULTING 988696 SODEXO INC & AFFILIATES 300 W HAWTHORNE SPOKANE WA 99251 FACILITIES MAINTENANCE 978692 56 2486814 8312140 1050703 10798954 TUITION & FEES 611600 130081520 130081520 AUXILIARY PROGRAMS 611710 2484976 2484976 ASSOCIATED STUDENT 611600 853100 853100 CONFERENCES 611600 817037 817037 134236633 1374666 1374666 130694 130694 56477 56477 56477 56477 2801240 552749 2248491 2248491 2248491 PARTNERSHIPS-FORM K-1 525990 83636 83636 ADVERTISING 541800 6088 6088 89724 148935639 131751657 89724 6295304 40475376 40475376 2601140 1016611 1370840 213689 45098868 34832979 8998673 1267216 2144791 1612196 465999 66596 5932454 4459307 1288944 184203 3543977 2663937 770000 110040 258825 6726 252099 379215 5140 374075 72154 72154 723865 723865 3139529 1402974 1680835 55720 4988318 224716 4756292 7310 3456066 1208937 1885850 361279 1213327 1213327 7261947 2273814 4982317 5816 1982867 1721276 202374 59217 163817 127986 24839 10992 3626498 3230382 396116 10484176 10484176 1246519 947354 266257 32908 FOOD SERVICE 5347014 5246091 78974 21949 STUDENT PROGRAMS 4813746 4407373 102240 304133 OTHER EXPENSES 532180 318309 167243 46628 BAD DEBT EXPENSE 384289 55897 328392 MEMBERSHIPS 225808 54096 158025 13687 150096766 116775653 30559730 2761383 2185468 1084839 6560957 9716726 5622512 5505938 4079426 4064886 1454598 2096500 87013 93034 1395723 2325151 273104534 122337399 157088337 150767135 25262555 24356423 78414892 92495359 13304098 13510092 1637228 1527678 297092807 307543761 15799932 13932011 3978154 4276823 75513272 73920567 6397489 6007485 20506874 22039014 122195721 120175900 X 60403112 60155589 25049405 32168747 89444569 95043525 174897086 187367861 297092807 307543761 X -1161127 13631902 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 72154 72154 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: LOBBYING ACTIVITIES WERE CARRIED OUT THROUGH PATTON BOGGS, LLP. THE PURPOSE OF THE LOBBYING EFFORTS WAS TO SECURE FUNDING FOR VARIOUS PROGRAMS. 0 0 0 0 X X 0 96476920 5579322 15231580 2099400 3645083 111543339 91718845 1596175 9114030 2173038 3779092 96476920 124403138 1695948 -26882852 2354002 5143387 91718845 0.23000 0.77000 0 0 226619 2401008 2627627 8862291 212180450 85666101 135376640 7170110 3473086 3697024 41872995 33198212 8674783 391061 391061 150767135 OTHER INVESTMENTS 974916 C ASSETS HELD BY OTHERS-TRUSTS 1059526 F LTD P-SHIP-PRIVATE EQUITY 9016413 F LTD P-SHIP-MULTI-HEDGE STRATEGIES 16405580 F LTD P-SHIP-INFLATION HEDGING 14133223 F LTD P-SHIP-U.S. EQUITIES 3539305 F COMMON TRUST FUNDS 23750035 F LTD P-SHIP-GLOBAL EQUITIES 23616361 F 92495359 LEGAL RESERVE FOR ANNUITIES PAYABLE 1725236 REFUNDABLE U.S. GOVT STUDENT LOANS 5150448 ACTUARIAL LIABILITY FOR TRUSTS PAYABLE 12060251 ASSET RETIREMENT OBLIGATION 2782678 UNEARNED REVENUE-POOLED INCOME FUNDS 320401 22039014 148935639 150096766 -1161127 15874128 -2242226 13631902 12470775 120661507 15874128 15874128 104787379 606767 43541493 44148260 148935639 108190732 0 108190732 606767 41299267 41906034 150096766 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: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY MAY BE 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 THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBIT. AS OF JUNE 30, 2011 AND 2010, 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 30,2007 AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET ASSOCIATED STUDENT REVENUE/EXPENSES -29,207. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -2,129,383. BOOK/TAX DIFFERENCE ON K-1 -83,636. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSOCIATED STUDENT REVENUE 853,100. BOOK/TAX DIFFERENCE FROM K-1 83,636. INSTITUTIONAL GRANTS 40,475,374. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,129,383. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 40,475,374. ASSOCIATED STUDENT EXPENSES 823,893. 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 2 PROGRAM SERVICES UNDERGRADUATE STUDY ABROAD 686184 2 0 2 686184 0 686184 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 1708 34294435 N/A N/A UNDERGRADUATE MERIT BASED SCHOLARSHIPS 569 5527780 N/A N/A GRADUATE NEED BASED SCHOLARSHIPS 201 653161 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 ACCOUNTS 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 0 1 0 0 0 0 0 0 0 JAMES APPLETON 271233 0 0 0 29257 0 97014 0 346 0 397850 0 0 0 CHARLOTTE BURGESS 144683 0 0 0 815 0 7410 0 6751 0 159659 0 0 0 PHILLIP DOOLITTLE 257581 0 0 0 4782 0 13187 0 10047 0 285597 0 0 0 DAVID FITE 190291 0 0 0 860 0 12913 0 10677 0 214741 0 0 0 GAIL GUGE 183084 0 0 0 2631 0 0 0 401 0 186116 0 0 0 NEIL MACREADY 180265 0 0 0 1994 0 9360 0 15182 0 206801 0 0 0 CORY NOMURA 164455 0 0 0 3658 0 8248 0 16317 0 192678 0 0 0 EDWIN CALLAHAN 163656 0 0 0 0 0 0 0 0 0 163656 0 0 0 HAMID ETESAMNIA 160527 0 3000 0 609 0 8550 0 14631 0 187317 0 0 0 BARBARA MORRIS 152250 0 0 0 6398 0 7783 0 9712 0 176143 0 0 0 NANCY CARRICK 154607 0 0 0 874 0 7988 0 8402 0 171871 0 0 0 ROBERTA DELLHIME 129457 0 0 0 237 0 6795 0 50039 0 186528 0 0 0 STUART NOBLE-GOODMAN 143709 0 0 0 176 0 7585 0 17156 0 168626 0 0 0 JACK OSBORN 147709 0 0 0 813 0 7638 0 12161 0 168321 0 0 0 GREG SALYER 214902 0 0 0 66 0 12144 0 3107 0 230219 0 0 0 STUART DORSEY 334442 0 0 0 14837 0 10537 0 105773 0 465589 0 0 0 PART I, LINE 1A STUART DORSEY, FORMER 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 $6,400 AND THE MAINTENANCE COSTS OF $6,232 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 ONLY INCURRED FOR THE MONTH OF JULY, 2010. THE UNIVERSITY PAID COUNTRY CLUB DUES ON BEHALF OF JAMES APPLETON, PRESIDENT, STUART DORSEY, FORMER PRESIDENT, PHILLIP DOOLITTLE, EXECUTIVE VICE PRESIDENT, DAVID FITE, VP OF ACADEMIC AFFAIRS, 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, LINE 4B HLINE 4B:JAMES APPLETON - $74,250 457(F) CONTRIBUTION CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130175YV8 2003-03-27 17475467 STUDENT HOUSING, ENERGY FACILITY, STUDENT CENTER, PARKING, CLASSROOMS 0 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130175D58 2003-06-11 17193800 REFUND OF PRIOR 1995 BOND ISSUE 0 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301755C2 2005-07-07 28430427 TO EQUIP ENERGY FACILITY, PHONE SYSTEM, RESIDENCE HALLS, CLASSROOMS 0 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178NF9 2008-05-22 20434949 ART CTR, LIBRARY, ENERGY FACILITY 0 0 0 17475467 800467 16675000 2008 0 0 1 1 17193800 16573162 620638 2003 0 1 1 1 28430427 16822357 491477 11116593 2008 0 1 1 1 20434949 434949 20000000 2009 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4000 0 MICHELLE DORSEY SPOUSE OF STUART DORSEY, FORMER PRESIDENT. 116539 MICHELLE DORSEY IS A PAID EMPLOYEE OF THE UNIVERSITY OF REDLANDS. 0 X 28 446190 FMV X 1 595110 APPRAISED VALUE X BOOKS 2 350 FMV X MUSICAL INSTRUMENTS 2 3620 FMV X EQUIPMENT 1 4400 FMV X MISCELLANEOUS ITEMS 2 1033 FMV 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: 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) STUART DORSEY, PRESIDENT, PHILLIP DOOLITTLE, EXECUTIVE VP/COO, NEIL MACREADY, VP UNIV RELATIONS, AND CORY NOMURA, CFO/TREASURER 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. (3) RICHARD HUNSAKER, TRUSTEE AND VIRGINIA HUNSAKER, TRUSTEE 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. 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. 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 5: NET UNREALIZED GAINS ON INVESTMENTS: 15,874,128. NET ASSOCIATED STUDENT REVENUE/EXPENSES -29,207. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -2,129,383. BOOK/TAX DIFFERENCE ON K-1 -83,636. TOTAL TO FORM 990, PART XI, LINE 5: 13,631,902. 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 AND DARREN ROSE, TRUSTEE 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. DARREN ROSE WAS PAID $4,000 AS AN INDEPENDENT CONTRACTOR FOR ADVANCEMENT CONSULTING SERVICES. HE IS NOT COMPENSATED FOR HIS SERVICES AS A TRUSTEE. REDLANDS CENTER FOR SCIENCE AND ENVIRONMENTAL STUDIES 1200 E COLTON AVE REDLANDS CA 92737 330628369 INACTIVE CA 501(C)(3) 11A N/A 1 REDLANDS PROPERTY MANAGEMENT INC PO BOX 3080 REDLANDS CA 92373 330423448 TITLE HOLDING CA N/A C 1.00000 REDLANDS PROPERTY MANAGEMENT TRUST PO BOX 3080 REDLANDS CA 92373 336089947 TITLE HOLDING CA REDLANDS PROPERTY MGT INC T 1.00000 UNIVERSITY OF REDLANDS ENDOWMENT TRUST PO BOX 3080 REDLANDS CA 92373 336357436 HOLDS ALTERNATIVE INVESTMENT CA N/A T 157477 2839710 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0