2011-12-09T16:22:43-06:00 2011-05-31 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2010-06-01 951916051 Hope International University HOPE 7148793901 2500 E Nutwood Ave Fullerton CA 92831 Frank Scotti 7148793901 2011-12-09 Dave Moja 3178852620 2010 2016-02-24 21:20:13Z John Derry 2500 E Nutwood Ave Fullerton CA 92831 23083703 0 X www.hiu.edu X 1928 CA Empowering students through Christian higher education to serve the Church & world for Christ. 17 17 534 52 0 0 2312665 2807931 16158742 18125460 222508 99470 470758 32366 19164673 21065227 4622993 4745377 0 0 7567143 8949401 0 0 617657 7749969 7942067 19940105 21636845 -775432 -571618 20482706 19267718 9969283 9184122 10513423 10083596 X The mission of Hope International University is to empower students through Christian higher education to serve the church and impact the world for Christ. The University specializes in fields offering significant influence on society (e.g., business, education, health sciences, social sciences, and ministry). Hope stresses practical scholarship, servant leadership, and community service. 0 0 11196763 4745377 18125460 Hope International University is an independent, comprehensive, institution of higher learning offering undergraduate and graduate degrees. The University maintains a close affiliation with the Christian Churches and Churches of Christ. Founded in 1928, HIU has expanded its educational offerings to include degree programs through five colleges. In 2011, HIU currently serves 1,739 undergraduate and graduate students in degree and certificate programs provided both on-ground and online through two main campuses in Southern California. 11196763 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1654 0 534 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 1 1 0 CA X Hope International University 7148793901 2500 E Nutwood Ave Fullerton CA 92831 Otis Baskin 2.00 X 0 0 0 Lingkit Chan 2.00 X 0 0 0 Richard Davis 2.00 X 0 0 0 Gray Farley 2.00 X 0 0 0 Calvin Jernigan 2.00 X 0 0 0 Graydon Jessup 2.00 X 0 0 0 Julie Kuns 2.00 X 0 0 0 Richard Lukas 2.00 X 0 0 0 Charles Puckett 2.00 X 0 0 0 John Ruhlen 2.00 X 0 0 0 Rick Rusaw 2.00 X 0 0 0 Laretta Sharader 2.00 X 0 0 0 Patricia Soderquist 2.00 X 0 0 0 Tim Winters 2.00 X 0 0 0 Kevin Odor 2.00 X 0 0 0 Ken Clement 2.00 X 0 0 0 Thaddeus Yurek 2.00 X 0 0 0 John Derry 40.00 X 102692 0 92985 Frank Scotti 40.00 X 107274 0 4800 Michael Mulryan 40.00 X 116004 0 6544 325970 0 104329 3 0 1 0 Bon Appetit 14730 Beach Blvd 107 La Mirada CA 90638 Cafeteria Services 781728 Payne's Janitorial Services Inc 641 S Palm St Unit B La Hambra CA 90631 Janitorial 265864 Direct Print and Promotion 545 W Allen Ave 5 San Dimas CA 91773 Advertising 198173 Heritage Security Services PO Box 84540 San Diego CA 92138 Security 168327 Scotti & Associates Inc PO Box 5917 Fullerton CA 92838 Consulting 116343 5 107587 2700344 1008204 2807931 Tuition and fees 611600 15341658 15341658 Auxiliary 611600 2431411 2431411 Other program revenue 900099 352391 352391 18125460 88688 88688 180910 49401 131509 131509 131509 1476541 390993 1349913 506839 126628 -115846 10782 10782 13180 107587 112323 -99143 -99143 21065227 18125460 0 131836 4745377 4745377 441864 316764 125100 7373897 4116763 3085362 171772 23993 23993 652401 271642 355119 25640 457246 229851 211538 15857 102141 102141 54031 54031 2371070 675305 1644716 51049 201130 19643 176294 5193 251178 58277 167426 25475 767532 767532 246914 30037 208438 8439 20729 9725 10204 800 520922 520922 1066145 1066145 141657 38333 101211 2113 Miscellaneous 1457196 393905 877072 186219 Rentals & leases 741422 607905 133517 21636845 11196763 9822425 617657 432593 1654797 639146 552422 86885 96381 2307685 842978 235000 568699 327131 113563 212362 25808783 13131792 13392062 12676991 182400 758867 855579 395118 1904094 1515671 20482706 19267718 2404260 1521317 1128344 284073 4874197 5947831 210900 184900 1351582 1246001 9969283 9184122 X 4848024 3020422 2072901 2311525 3592498 4751649 10513423 10083596 20482706 19267718 X -571618 141791 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4971693 1156012 352156 60829 6419032 4641193 280037 100917 50454 4971693 4509489 25839 105865 4641193 0.26000 0.74000 0.00000 1 0 1395070 1395070 15307015 5285442 10021573 7671012 6652593 1018419 1435686 1193757 241929 12676991 Trust and Annuity Assets 1418998 Interest Receivable 17984 Other Receivable 78689 1515671 Federal and Student Loan Obligations 255537 Trust and Annuity Liabilities 990464 1246001 21065227 21636845 -571618 141791 141791 -429827 16623365 -4603586 -4603586 21226951 -161724 -161724 21065227 17053192 161724 161724 16891468 4745377 4745377 21636845 Description of Intended Use of Endowment Funds: Part V, Line 4: Hope International University's endowment funds are maintained and preserved for future use supporting various purposes within the University. Some of these funds are restricted for scholarship purposes, some are available for general University use with the approval of the Board of Trustees, and others are maintained for future University uses yet to be determined by the Board of Trustees. Part XI, Line 8 - Other Adjustments: Change in value of interest rate swap 141,791. Part XII, Line 2d - Other Adjustments: Scholarships and grants netted with tuition revenue -4,745,377. Change in value of interest rate swap 141,791. Part XII, Line 4b - Other Adjustments: Fundraising expenses reported on Part VIII, Line 8b -112,323. Rental expenses reported on Part VIII, line 6b -49,401. Part XIII, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, line 6b 49,401. Fundraising expenses reported on Part VIII, Line 8b 112,323. Part XIII, Line 4b - Other Adjustments: Scholarships and Grants 4,745,377. 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 Non-Discrimination policy is published in Hope International University's advertisement through the newspaper and electronic media. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Federal financial aid funds under Title IV are received by the University and awarded and disbursed to its students. Golf Tournament 23960 23960 159 3000 2635 Spirit of Hope 96807 83627 13180 768 77181 28581 120767 107587 13180 927 80181 31216 112324 -99144 1 Student Financial Aid 647 4745377 Cash Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The federal aid office of the University requires students to complete the Free Application for Federal Student Aid (FAFSA) form to determine eligibility for Federal, State, and Institutional grants, scholarships, and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the Institution does require some other guidelines in the event that funds are offered based upon certain academic credentials or performance in a University sponsored activity. These credentials are clearly stated in the University catalog and the University website. Enrollment and eligibility are monitored by the University. X 1 1 X 0 0 0 0 0 0 0 0 0 John Derry 102692 0 0 0 0 0 7622 0 85363 0 195677 0 0 0 Part I, Line 1a Housing Allowance: The University pays a portion of the salary of ordained ministers as housing allowance per amount claimed on annual form and approved by the President. The allowance is approved by the board of directors and documented in the board minutes. John Derry Pres Housing relocation upon acceptance of employment contract X 250000 235000 0 1 1 235000 Lou Scotti owner of Scotti Assoc Lou Scotti is an officer's brother 116343 Consulting 0 X 52753 Thrift store value X 2 502465 Stock market value X 1 452987 Appraisal 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The number of contributors represent the number of donors. Form 990, Part VI, Section B, line 11 Form 990 is prepared by an independent public accountant and reviewed by the Vice President of Business and Finance and University President. The University does not consider it necessary to provide the return to the Board of Directors prior to filing. Form 990, Part VI, Section B, line 12 The organization adopted a conflict of interest policy on August 15, 2011, requiring annual submission of the conflict of interest form. Further, accounts payable has been provided with a list of board members and officers and notifies the Controller of all transactions with related parties for review. If it is felt a potential conflict may exist, it is brought to the attention of the Vice President of Business and Finance for review. Form 990, Part VI, Section B, line 15 Compensation programs are determined by utilizing compensation median and mean data provided by the Council for Christian Colleges and Universities. HIU's President reviews this data with the independent Executive Committee of our Board of Trustees to ensure appropriate compensation levels are being approved. The independent Board of Trustees also reviews this data to ensure the President's compensation is reasonable. All Board approved compensation is documented in the minutes. Form 990, Part VI, Section C, line 19 The organization makes its conflict of interest policy and financial statements available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Change in value of interest rate swap 141,791. Total to Form 990, Part XI, Line 5: 141,791. Explanation for Responsibility Form 990, Part XII, Line 2c The organization 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.