2011-05-13T14:33:26-05:00 2010-06-30 Capin Crouse LLP 972 Emerson Parkway Ste A Greenwood IN 46143 990 2009-07-01 951644035 Point Loma Nazarene University POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 George R Latter Jr 6198492200 2011-05-13 Dave Moja 3178852620 2009 2016-02-24 21:20:13Z Robert Brower 3900 Lomaland Drive San Diego CA 92106 92172040 0 X www.pointloma.edu X 1918 CA Non-profit Christian university. 43 38 2115 42 0 0 4628731 3670279 84946587 87922654 397917 488565 -5823 89973235 92075675 14079584 17905551 0 47968949 47931586 0 1289626 27758487 26488654 89807020 92325791 166215 -250116 111066567 110649797 51366990 52880220 59699577 57769577 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. Being of Wesleyan heritage, we aspire to be a learning community where grace is foundational, truth is pursued, and holiness is a way of life. 0 0 46576539 17905551 69075157 Higher Education: Faculty and Special Section Instructional. 12117168 13907364 Higher Education: Academic Support 17296293 4940133 Higher Education: Student Services 75990000 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 266 0 2115 1 0 0 0 0 0 0 0 0 0 43 38 0 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 256821 0 33407 John H Calhoun 1.00 X X 0 0 0 Melvin F Rich 1.00 X X 0 0 0 J Fred Huff 1.00 X 0 0 0 Jan Stone 1.00 X X 0 0 0 Robert C Killen 1.00 X 0 0 0 Mary Leland 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 Ray L Doane 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 Daryl L Hawkins 1.00 X 0 0 0 Roberto Hodgson 1.00 X 0 0 0 Russ Martin 1.00 X 0 0 0 Mark Lehman 1.00 X 0 0 0 Janine Metcalf 1.00 X 0 0 0 Joe McCoy Jr 1.00 X 0 0 0 Franklin McHodgkins 1.00 X 0 0 0 Gary W Morris 1.00 X 0 0 0 John R Nells 1.00 X 0 0 0 Daryl C Nicholson 1.00 X 0 0 0 Harold W Potter 1.00 X 0 0 0 Georgina Rico 1.00 X 0 0 0 Mendell Thompson 1.00 X 0 0 0 Donald R Schengel 1.00 X 0 0 0 Byron Schortinghouse 1.00 X 0 0 0 Dale Twyeffort 1.00 X 0 0 0 Steven R Scott 1.00 X 0 0 0 Orlando R Serrano 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 John T Watkin 1.00 X 0 0 0 Carol Van Buskirk 1.00 X 0 0 0 Craig Van Hulzen 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 George R Latter Jr 40.00 X 159682 0 14232 John Hawthorne 40.00 X 166023 0 23731 Catherine Smith 40.00 X 123748 0 11435 Mary Paul 40.00 X 101175 0 22773 Joe Watkins 40.00 X 122831 0 29604 Rebecca Havens 40.00 X 128380 0 0 Robert Morwood 40.00 X 135664 0 0 1194324 0 135182 32 0 1 0 Sodexho Dept 43283 Los Angeles CA 90088 Catering Services 3739054 Siemens Industry Inc PO Box 2134 Carol Stream IL 60132 Maintenance Services 1260465 Donadio Communications 13223-1 Black Mountain Road San Diego CA 92129 Advertising Services 372546 Niesen Construction Co 3786 Rosecrans Street San Diego CA 92110 Construction Services 350008 Technology Integration Group PO Box 85244 San Diego CA 92186 Computer services 172546 14 6250 484755 381803 2797471 18828 3670279 Tuition and fees 900099 69075157 69075157 Auxiliary revenue 611710 13907364 13907364 Other program oper. 611710 4940133 4940133 87922654 488565 488565 90542 6250 96365 -5823 -5823 92075675 87922654 0 482742 3778200 3778200 14127351 14127351 670632 491510 156893 22229 483290 354062 113191 16037 35905531 30153965 4740244 1011322 2092641 1153616 939025 6164151 4152703 2011448 2615341 1385899 1229442 22161 2381 19780 78678 5231 73447 3934226 3482751 445173 6302 665610 640296 21237 4077 3928594 2379249 1516739 32606 2756677 1922987 821082 12608 2554970 2087263 410188 57519 239381 211422 22647 5312 1877232 1817722 44703 14807 3830182 3708885 91117 30180 448678 287031 160111 1536 Equipment Rental 3591065 2016876 1570466 3723 Miscellaneous 1511403 1151948 306470 52985 Books 418324 407643 9278 1403 Printing 403449 156934 238828 7687 Memberships 228024 114075 104656 9293 92325791 75990000 15046165 1289626 4320976 11680782 1746242 2529049 1188760 1288760 3398301 2924483 1139723 914690 137485939 63611797 75108275 73874142 12193669 10153801 11970621 7284090 111066567 110649797 5077039 5780389 2541148 2589748 34000000 33875431 697589 179595 3424913 3245032 5626301 7210025 51366990 52880220 X 55595551 53323808 3927361 4269104 176665 176665 59699577 57769577 111066567 110649797 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6666561 6666561 104977391 43475554 61501837 19143938 16093741 3050197 6698049 4042502 2655547 73874142 Bond issuance costs 360414 Due from related exempt foundation 6923676 7284090 Fair value of swap agreement liability 7210025 7210025 92075675 92325791 -250116 -96160 -1583724 -1679884 -1930000 76364802 -96163 -1487359 -1583522 77948324 14127351 14127351 92075675 78294805 96365 96365 78198440 14127351 14127351 92325791 Part X: Description of Uncertain Tax Positions Under FIN 48: On July 1, 2009, the University adopted the new provisions of the Income Tax topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). These provisions clarify the accounting for uncertainty in tax positions and prescribe guidance related to the combined financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The tax benefit from an uncertain tax position is only recognized in the combined statement of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Interest and penalties, if any, are included in expenses in the combined statement of activities. As of June 30, 2010, the University had no uncertain tax positions that qualify for recognition or disclosure in the combined financial statements. Part XI, Line 8 - Other Adjustments: Adjustment to swap termination liability: -1583724. Part XII, Line 2d - Other Adjustments: Adjustment to value of interest rate swap agreement: -1583724. Special fundraising event direct expenses: 96365. Part XII, Line 4b - Other Adjustments: Scholarships on Form 990 Part IX, Line 2 netted to revenue per books: 14127351. Part XIII, Line 2d - Other Adjustments: Special fundraising event direct expenses: 96365. Part XIII, Line 4b - Other Adjustments: Scholarships on Form 990 Part IX, Line 2 netted to revenue per books: 14127351. 1 1 1 Published annually in the San Diego Tribune. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The University receives funding from the federal government, and as a result, is required to comply with various regulations related to those funding programs. 1 Garrison Keillor Speaking Event 96792 6250 90542 96365 96792 6250 90542 96365 96365 -5823 1 Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 501(c)(3) 3778200 Add to quasi-endowment fund. 1 0 Student Scholarships/Awards 1837 14127351 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. Any amounts in excess of $600.00 are reported on Form 1099. 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 1 1 X X X 0 0 0 0 0 0 0 0 0 Robert Brower 256821 0 0 0 0 0 20394 0 15152 0 292367 0 0 0 George R Latter Jr 159682 0 0 0 0 0 12973 0 1521 0 174176 0 0 0 John Hawthorne 166023 0 0 0 0 0 13294 0 10593 0 189910 0 0 0 Joe Watkins 122831 0 0 0 0 0 13867 0 16972 0 153670 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. ABAG Finance Authority for Nonprofit Corps 943130123 00037CNH9 2008-11-25 34000000 Refund 1 0 34000000 33526459 119000 354541 1 0 1 1 0 0 0 0 0 1 0 1 1 Bank of America 24.833333300000 0 0 0 Robert Brower Housing Equity Agreement X 365400 365400 0 1 1 John Hawthorne Housing Equity Agreement X 300000 300000 0 1 1 George Latter Jr Housing Equity Agreement X 58000 58000 0 1 1 Catherine Smith Housing Equity Agreement X 65360 65360 0 1 1 Mary Paul Housing Equity Agreement X 400000 400000 0 1 1 Joe Watkins Housing Equity Agreement X 100000 100000 0 1 1 1288760 Various Family of disqualified persons Student Aid Amount $ 96895. Linda Brower See Schedule O Family member of Robert Brower, President 10726 W2 Employee 0 Justin Denney See Schedule O Family member of John Denney, Trustee 30283 W2 Employee 0 Bethany Denney See Schedule O Family member of John Denney, Trustee 39116 W2 Employee 0 Ken Martin See Schedule O Family member of Russ Martin, Trustee 129221 W2 Employee 0 Karl Martin See Schedule O Family member of Russ Martin, Trustee 102206 W2 Employee 0 Brenda Martin See Schedule O Family member of Russ Martin, Trustee 46112 W2 Employee 0 Victor Labenske Family member of Dan Spaite, Trustee 98222 W2 Employee 0 Danielle Brown Family member of Ira Brown, Trustee 27945 W2 Employee 0 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. Form 990, Part XII, line 2c: Explanation of responsibility 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. 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 III N/A 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Point Loma Nazarene University Foundation B 3778200 Point Loma Nazarene University Foundation C 484755