ARIZONA CHRISTIAN UNIVERSITY: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- ARIZONA CHRISTIAN UNIVERSITY (EIN 86-0186050)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-17
- IRS object ID
- 201241389349300209
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-17T08:01:53-07:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ZOBEL & HALL PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4820 S MILL AVE SUITE 101 | AddressLine1 |
| City | TEMPE | City |
| State | AZ | State |
| ZIP Code | 85282 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860186050 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARIZONA CHRISTIAN UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ARIZ | NameControl |
| Phone | 6024895300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2625 E CACTUS RD | AddressLine1 |
| City | PHOENIX | City |
| State | AZ | State |
| ZIP Code | 85032 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DIANE CATLIN | Name |
| Title | SR. VICE PRESIDENT AND CFO | Title |
| Phone | 6024895300 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT A HALL CPA | Name |
| Phone | 4807369200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LEN MUNSILPRESIDENT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2625 E CACTUS RD | AddressLine1 |
| City | PHOENIX | City |
| State | AZ | State |
| ZIP Code | 85032 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11826756 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.arizonachristian.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1960 | YearFormation |
| State Legal Domicile | AZ | StateLegalDomicile |
| Activity Or Mission Description | Arizona Christian University provides a biblically integrated education that prepares its graduates to serve the Lord Jesus Christ in ministry and professional occupations. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 236 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 2354977 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3259553 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 6704008 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 7902619 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 344484 | InvestmentIncomePriorYear |
| Investment Income Current Year | 448152 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 7312 | OtherRevenuePriorYear |
| Other Revenue Current Year | -203655 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 9410781 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11406669 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2501008 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2993284 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3681569 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4603270 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 249267 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2629805 | OtherExpensePriorYear |
| Other Expenses Current Year | 3365572 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8812382 | TotalExpensesPriorYear |
| Total Expenses Current Year | 10962126 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 598399 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 444543 | RevenuesLessExpensesCY |
| Total Assets BOY | 20736519 | TotalAssetsBOY |
| Total Assets EOY | 21436786 | TotalAssetsEOY |
| Total Liabilities BOY | 10292627 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10548351 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10443892 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10888435 | NetAssetsOrFundBalancesEOY |
| Mission Description | Arizona Christian University provides a biblically integrated | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 9215164 | Expense |
| Grants | 2993284 | Grants |
| Revenue | 8833292 | Revenue |
| Description | PROVIDED BIBLICALLY INTEGRATED POST-SECONDARY EDUCATION FOR APPROXIMATELY 450 STUDENTS. | Description |
| Total Program Service Expense | 9215164 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | true | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | true | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 22 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 236 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form1098 C Filed | true | Form1098CFiled |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARIZONA CHRISTIAN UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6024895300 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2625 E CACTUS ROAD | AddressLine1 |
| City | PHOENIX | City |
| State | AZ | State |
| ZIP Code | 850327042 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| PAUL HENDRICKS | |||||||
| Chairman, Trustee | 5.00 | X | X | 6870 | 0 | 7349 | |
| REV JIM BAUGH | |||||||
| Vice Chairman, Trustee | 1.00 | X | X | 0 | 0 | 0 | |
| MR ARLEN LARSON | |||||||
| Secretary | 1.00 | X | X | 0 | 0 | 0 | |
| DR BERT DOWNS | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| DR BILL BJORK | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| MR JOHN MILLER | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| MR JIM TULLOCH | |||||||
| Trustee Emeritus | 1.00 | X | 0 | 0 | 0 | ||
| MR DON HAY | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| MR DON KING | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| MR EDGAR MEYERS JR | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| MR ALLAN HILL | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| LARRY ANDERSON | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| MR LEN MUNSIL | |||||||
| President, former Trustee | 50.00 | X | X | 34963 | 0 | 3400 | X |
| DIANE CATLIN | |||||||
| Sr. VP and CFO | 50.00 | 0 | 0 | 0 | X | ||
| DOUG REMY | |||||||
| CFO, former Trustee | 50.00 | X | X | 0 | 0 | 0 | X |
| BRENT GARRISON | |||||||
| President (to 9/30/10) | 50.00 | X | 63212 | 0 | 50841 | X | |
| DAVID BARNES | |||||||
| Exec VP (to 3/31/11) | 50.00 | X | 66523 | 0 | 64619 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 171568 | TotalReportableCompFromOrg |
| Total Other Compensation | 126209 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO INC AND AFFILIATES | |||||
| DEPT 43283 | LOS ANGELES | CA | 90088 | Food Service Operations | 423385 |
| RED YAWP LLC | |||||
| 5424 E GARNETT | MESA | AZ | 85206 | Digitial consulting | 137410 |
| MULLEN CONSTRUCTION | |||||
| 8502 E VALLEY VISTA DR | SCOTTSDALE | AZ | 85250 | Construction services | 349161 |
| WASHINGTON SPEAKERS BUREAU | |||||
| 1663 PRINCE ST | ALEXANDRIA | VA | 22314 | Speakers bureau | 188414 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 1044963 | FundraisingEvents |
| Government Grants | 930673 | GovernmentGrants |
| All Other Contributions | 1283917 | AllOtherContributions |
| Noncash Contributions | 559705 | NoncashContributions |
| Total Contributions | 3259553 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn |
|---|---|---|
| Student Tuition and Fees | 611710 | 6647264 |
| Sales and Services | 611710 | 1255355 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 7902619 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 448152 | TotalRevenueColumn |
| Exclusion | $448,152 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 209801 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 1044963 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 420087 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -210286 | TotalRevenueColumn |
| Exclusion | -$210,286 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Miscellaneous | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 6631 | TotalRevenueColumn |
| Related Or Exempt Function Income | 6631 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 6631 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11406669 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7909250 | RelatedOrExemptFunctionIncome |
| Exclusion | $237,866 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2993284 | Total |
| Program Services | 2993284 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3682196 | Total |
| Program Services | 2911568 | ProgramServices |
| Management And General | 639027 | ManagementAndGeneral |
| Fundraising | 131601 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86037 | Total |
| Program Services | 63526 | ProgramServices |
| Management And General | 18463 | ManagementAndGeneral |
| Fundraising | 4048 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 579067 | Total |
| Program Services | 445506 | ProgramServices |
| Management And General | 107919 | ManagementAndGeneral |
| Fundraising | 25642 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255970 | Total |
| Program Services | 207147 | ProgramServices |
| Management And General | 39163 | ManagementAndGeneral |
| Fundraising | 9660 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18367 | Total |
| Program Services | 16407 | ProgramServices |
| Management And General | 1960 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 672094 | Total |
| Program Services | 551228 | ProgramServices |
| Management And General | 104142 | ManagementAndGeneral |
| Fundraising | 16724 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 303872 | Total |
| Program Services | 142794 | ProgramServices |
| Management And General | 160977 | ManagementAndGeneral |
| Fundraising | 101 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 624468 | Total |
| Program Services | 538619 | ProgramServices |
| Management And General | 41695 | ManagementAndGeneral |
| Fundraising | 44154 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 164096 | Total |
| Program Services | 56490 | ProgramServices |
| Management And General | 106055 | ManagementAndGeneral |
| Fundraising | 1551 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 401252 | Total |
| Program Services | 353282 | ProgramServices |
| Management And General | 47970 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 270363 | Total |
| Program Services | 245403 | ProgramServices |
| Management And General | 10208 | ManagementAndGeneral |
| Fundraising | 14752 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 219099 | Total |
| Program Services | 5446 | ProgramServices |
| Management And General | 213653 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 367988 | Total |
| Program Services | 367988 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65415 | Total |
| Program Services | 65415 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Registrations, Dues and memberships | 67353 | 60106 | 6213 | 1034 |
| Other instructional student | 56100 | 56100 | 0 | 0 |
| Other institutional support | 82853 | 82853 | 0 | 0 |
| Student events and productions | 52002 | 52002 | 0 | 0 |
| Other expenses | 250 | 0 | 250 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10962126 | Total |
| Program Services | 9215164 | ProgramServices |
| Management And General | 1497695 | ManagementAndGeneral |
| Fundraising | 249267 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 886558 | BOY |
| EOY | 629289 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 487500 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 529756 | BOY |
| EOY | 473176 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 596099 | BOY |
| EOY | 417750 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6543 | BOY |
| EOY | 7715 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 623741 | BOY |
| EOY | 693199 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 17572877 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3694809 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12541547 | BOY |
| EOY | 13878068 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 3058386 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4461176 | BOY |
| EOY | 893864 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1091099 | BOY |
| EOY | 897839 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20736519 | BOY |
| EOY | 21436786 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61709 | BOY |
| EOY | 56892 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10000000 | BOY |
| EOY | 9680000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100000 | BOY |
| EOY | 684576 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130918 | BOY |
| EOY | 126883 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10292627 | BOY |
| EOY | 10548351 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8510020 | BOY |
| EOY | 8904615 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72455 | BOY |
| EOY | 116059 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1861417 | BOY |
| EOY | 1867761 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10443892 | BOY |
| EOY | 10888435 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20736519 | BOY |
| EOY | 21436786 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 444543 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Public Support Total170 | 0 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Pertcentage170 | 0 | PublicSupportPertcentage170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3831456 | BeginningOfYearBalance |
| Contributions | 1000 | Contributions |
| Investment Earnings Or Losses | 375067 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 136398 | GrantsOrScholarships |
| Other Expenditures | 128855 | OtherExpenditures |
| End Of Year Balance | 3942270 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2871580 | BeginningOfYearBalance |
| Contributions | 1060163 | Contributions |
| Investment Earnings Or Losses | 251253 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 134789 | GrantsOrScholarships |
| Other Expenditures | 216751 | OtherExpenditures |
| End Of Year Balance | 3831456 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3118290 | BeginningOfYearBalance |
| Contributions | 155306 | Contributions |
| Investment Earnings Or Losses | -277700 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 101000 | GrantsOrScholarships |
| Other Expenditures | 23316 | OtherExpenditures |
| End Of Year Balance | 2871580 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.53000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.47000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2450000 | OtherCostOrOtherBasis |
| Book Value | 2450000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12278057 | OtherCostOrOtherBasis |
| Depreciation | 2061529 | Depreciation |
| Book Value | 10216528 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2177857 | OtherCostOrOtherBasis |
| Depreciation | 1633280 | Depreciation |
| Book Value | 544577 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 666963 | OtherCostOrOtherBasis |
| Book Value | 666963 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13878068 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| 27th Street & Cactus Land | 655033 | C |
| Paradise Valley Retirement Communities, LLC (40% ownership) | 238831 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 893864 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Funds Held by Trustee | 544747 |
| Bond sinking fund | 353092 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 897839 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Deferred Revenues | $24,232 |
| Federal Student Loan Funds | $22,201 |
| Refundable Advances and Deposits | $64,373 |
| Other Accrued Liabilities | $16,077 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 126883 | TotalOfAmounts |
| Total Revenue | 11406669 | TotalRevenue |
| Total Expenses | 10962126 | TotalExpenses |
| Excess Or Deficit For Year | 444543 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 444543 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 8833471 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -2993284 | OtherRevenues |
| Revenue Not Rptd F990 | -2993284 | RevenueNotRptdF990 |
| Revenue Subtotal | 11826755 | RevenueSubtotal |
| Other Revenues Not Included | -420086 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -420086 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11406669 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 8388928 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -2993284 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -2993284 | ExpensesNotRptdF990 |
| Expenses Subtotal | 11382212 | ExpensesSubtotal |
| Other Expenses Not Included | -420086 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | -420086 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 10962126 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt XII Line 2d | Scholarships and fellowships are netted against revenue in audit |
| Pt XII Line 4b | Direct expenses for fundraisers netted against revenue for 990 |
| Pt XIII Line 2d | Scholarships and fellowships are netted against revenue in audit |
| Pt XIII Line 4b | Direct expenses for fundraisers netted against revenue for 990 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Line 3 | DONE IN ACCORDANCE WITH REV. PROC. 75-50 |
| Line 6b | THE UNIVERSITY RECEIVED FEDERAL FUNDING THROUGH: |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Dinner Event | NameOfEvent1 |
| Gross Receipts Event1 | 1091068 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 1040743 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 50325 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 50542 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 188414 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 134354 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Annual Banquet | NameOfEvent2 |
| Gross Receipts Event2 | 156906 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 4220 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 152686 | GrossRevenueEvent2 |
| Food And Beverage Event2 | 13145 | FoodAndBeverageEvent2 |
| Other Direct Expenses Event2 | 27871 | OtherDirectExpensesEvent2 |
| Gross Receipts Other Events | 6790 | GrossReceiptsOtherEvents |
| Gross Revenue Other Events | 6790 | GrossRevenueOtherEvents |
| Non Cash Prizes Other Events | 2406 | NonCashPrizesOtherEvents |
| Food And Beverage Other Events | 167 | FoodAndBeverageOtherEvents |
| Other Direct Expenses Other Events | 3188 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 1254764 | GrossReceiptsTotal |
| Charitable Contributions Total | 1044963 | CharitableContributionsTotal |
| Gross Revenue Total Events | 209801 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 2406 | NonCashPrizesTotalEvents |
| Food And Beverage Total Events | 63854 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 188414 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 165413 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 420087 | DirectExpenseSummaryEvents |
| Net Income Summary | -210286 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Federal Financial Aid | 218 | 1039630 |
| Institutional Scholarships | 392 | 2183149 |
Form990 Schedule I Part IV Form990ScheduleIPartIV (17 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt I Line 2 | All scholarships are awarded to students who have completed the college's |
| admissions requirements and have registered for classes. Scholarships require | |
| a student to maintain a full-time status throughout the semester and are | |
| awarded for one year; divided evenly between the Fall and Spring semesters. | |
| Most scholarships are renewed annually as long as the student meets | |
| the renewal criteria, completes the FAFSA, and MyACU, and MyACU interview. | |
| Music and athletic scholarships require re-evaluation each year and are not | |
| automatically renewed. Scholarships are awarded with the understanding that a | |
| student will complete the semester for which the award is received. | |
| A student must be in good standing and making satisfactory progress in order | |
| to receive a scholarship. Scholarships are non-transferable and no | |
| student may receive scholarships from Arizona Christian Univeristy | |
| in excess of full tuition. Completion of the FAFSA and MyACU student | |
| interview is required to apply for all scholarships or grants. State grants | |
| received offset institutional scholarships or are applied to fees if the total | |
| amount is greater than tuition. Priority deadline to apply for financial aid | |
| is April 1st for Fall semester start and November 1st for Spring semester start. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INDUSTRIAL DEVELOPMENT AUTHORITY OF PHOENIX | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 522038405 | IssuerEIN |
| CUSIP Number | 718911FM7 | CUSIPNumber |
| Date Issued | 2008-07-10 | DateIssued |
| Issue Price | 10000000 | IssuePrice |
| Description Of Purpose | ACU construction/remodeling | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 320000 | AmountRetired |
| Total Proceeds | 1006073 | TotalProceeds |
| Amount In Reserve Fund | 544747 | AmountInReserveFund |
| Capitalized Interest | 25000 | CapitalizedInterest |
| Issuance Costs From Proceeds | 478724 | IssuanceCostsFromProceeds |
| Credit Enhancement | 100000 | CreditEnhancement |
| Working Capital Expenditures | 625972 | WorkingCapitalExpenditures |
| Capital Expenditures | 8231629 | CapitalExpenditures |
| Year Of Subst Completion | 2011 | YearOfSubstCompletion |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII (4 entries)
| Name Of Interested PersonNameOfInterestedPerson | Relationship With OrganizationRelationshipWithOrganization | Amount Of GrantAmountOfGrant | Type Of AssistanceTypeOfAssistance |
|---|---|---|---|
| LEN MUNSIL | President, former trustee | 30528 | scholarship for children |
| DOUG REMY | CFO, former trustee | 15264 | scholarship for children |
| WILLIAM BJORK | Trustee | 9043 | compensation adjunct professor |
| BRENT GARRISON | former President | 6540 | scholarship for children |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 10205 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | fair market value | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | modular building | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 549500 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | fair market value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI-A, Line 2 | Trustee Larry Anderson's wife is a cousin of President Len Munsil. |
| Pt VI-B, Line 11a | ACU's Executive Committee of the Board of Trustees reviews and approves the 990 14 days before filing. |
| Pt VI-B, Line 12c | Sensitivity to conflicts of interest is part of our culture. ACU has managment daily review of transacations and internal controls. |
| Pt VI-B, Line 15 | A committee of the Board of Trustees reviews the President and adjusts his salary using data from comparable institutions. |
| Pt VI-C, Line 19 | All are available by requesting in writing to the University. |
| Pt VII, Col (F) | Paul Hendricks left his employment by the university to become Chairman of the Board of Trustees. Doug Remy took a leave of abscence to become interim CFO. |