2026-04-15T09:14:49-05:00 2025-05-31 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-06-01 930386890 WARNER PACIFIC UNIVERSITY WARN 5035171000 2219 SE 68TH AVENUE PORTLAND OR 97215 DOUGLAS WADE INTERIM PRESIDENT 5035171000 2026-04-14 1 1 SARAH HINTZ P00492291 7196350330 2026-04-08 2024 2025-03-06 01:10:19Z DOUGLAS WADE 2219 SE 68TH AVENUE PORTLAND OR 97215 31844367 0 X WWW.WARNERPACIFIC.EDU X 1937 OR OFFER A FOUR-YEAR CHRISTIAN LIBERAL ARTS EDUCATION IN AN URBAN SETTING. 16 16 332 17 0 0 3168170 2856630 12708949 14454802 1908871 610659 181136 413734 17967126 18335825 2169050 2186752 0 0 9745623 9173679 0 0 451888 8291001 9421051 20205674 20781482 -2238548 -2445657 26063843 26896609 12932692 13128915 13131151 13767694 X WARNER PACIFIC IS A CHRIST-CENTERED URBAN LIBERAL ARTS UNIVERSITY DEDICATED TO PROVIDING STUDENTS FROM DIVERSE BACKGROUNDS AN EDUCATION THAT PREPARES THEM TO ENGAGE ACTIVELY IN A CONSTANTLY CHANGING WORLD. WARNER PACIFIC UNIVERSITY IS ACCREDITED BY THE NORTHWEST COMMISSION ON COLLEGES AND UNIVERSITIES. FOUNDED IN 1937, TODAY WPU OFFERS A FOUR-YEAR CHRISTIAN LIBERAL ARTS EDUCATION IN AN URBAN SETTING ON BEAUTIFUL MT. TABOR IN PORTLAND, OREGON. OUR CHRIST-CENTERED, LIBERAL ARTS APPROACH INVITES STUDENTS TO SEEK ANSWERS TO DIFFICULT QUESTIONS AND CHALLENGES THEM TO EXPAND THEIR COMFORT ZONES IN ORDER TO EXPLORE THE WAYS IN WHICH THEY UNDERSTAND SOCIETY, COMMUNITY, AND FAITH. FACULTY GUIDE CLASSES THROUGH REAL-WORLD SITUATIONS IN PROGRAMS FROMBUSINESS TO EDUCATION, NURSING, CRIMINAL JUSTICE, HEALTH SCIENCE AND MANY OTHER DEGREES. AT WARNER PACIFIC UNIVERSITY, STUDENTS DISCOVER THEIR PASSIONS, DEVELOP THEIR SKILLS, AND SERVE THE GREATER COMMUNITY. MOST STUDENTS QUALIFY FOR FINANCIAL AID. 0 0 9713363 2186752 12651638 WARNER PACIFIC UNIVERSITY IS DEDICATED TO SEEING INDIVIDUALS, FAMILIES, AND COMMUNITIES FLOURISH. AS AN URBAN UNIVERSITY DESIGNED TO SERVE STUDENTS FROM DIVERSE BACKGROUNDS, WE KNOW THAT FOR A CITY TO FLOURISH, ITS LEADERS MUST BE PREPARED TO ENGAGE ACTIVELY IN A CONSTANTLY CHANGING WORLD. AT WARNER PACIFIC, 64% OF STUDENTS COME FROM RACIALLY AND ETHNICALLY DIVERSE BACKGROUNDS AND 49% OF STUDENTS ARE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE. THROUGH VARIOUS ACADEMIC PROGRAMS, AS WELL AS A HUMANITIES CORE CURRICULUM, WARNER PACIFIC UNIVERSITY PREPARES STUDENTS TO BECOME ENGAGED CITIZENS THROUGH CAREER-FOCUSED LIBERAL ARTS PROGRAMS. A STUDENT-TO-FACULTY RATIO OF 15:1 ENSURES THAT PROFESSORS ARE COMMITTED TO GUIDING STUDENTS AS THEY DEVELOP AN ETHICAL PERSPECTIVE THAT INTEGRATES THEIR BELIEF SYSTEM TO THEIR CHOSEN AREA OF STUDY. THROUGH PROFESSIONAL AND GRADUATE STUDIES, WARNER PACIFIC UNIVERSITY ALSO PROVIDES ADULT LEARNERS A CONVENIENT, PERSONALIZED, AND AFFORDABLE DEGREE PROGRAM AVAILABLE ONE NIGHT A WEEK OR ONLINE. 3762985 0 1036161 RESIDENCE LIFE AT WARNER PACIFIC UNIVERSITY IS COMMITTED TO CULTIVATING A RESPONSIBLE LIVING AND LEARNING ENVIRONMENT WHERE HOLISTIC GROWTH TAKES PLACES THROUGH DYNAMIC RELATIONSHIPS. OUR FACILITIES INCLUDE TWO RESIDENCE HALLS AND A VARIETY OF APARTMENTS AND HOUSES SPREAD ACROSS OUR MT. TABOR CAMPUS. OUR STAFF PROVIDES COMMUNITY BUILDING PROGRAMMING THAT CONNECTS STUDENTS TO EACH OTHER AND THE BROADER CAMPUS COMMUNITY. THE STUDENT DINING EXPERIENCE CENTERS ON GATHERING WITH OTHERS, CULINARY EXPERTISE, FRESH INGREDIENTS, HEALTHY OPTIONS, AND A SHARED SENSE OF ENVIRONMENTAL AND SOCIAL RESPONSIBILITY. 1354438 0 603926 WARNER PACIFIC UNIVERSITY CONTINUES TO BE RECOGNIZED FOR DIVERSITY AND VALUE. IT IS THE MOST DIVERSE UNIVERSITY IN OREGON, AND THE ONLY CHRISTIAN UNIVERSITY WITH A MINORITY-SERVING MISSION IN THE PACIFIC NORTHWEST. WPU WAS OREGON'S FIRST FOUR-YEAR SCHOOL TO EARN THE PRESTIGIOUS HISPANIC-SERVING INSTITUTION (HSI) DESIGNATION FROM THE U.S. DEPARTMENT OF EDUCATION, AND ALSO ATTAINED THE PRESTIGIOUS FEDERAL DESIGNATION OF ASIAN AMERICAN, NATIVE AMERICAN PACIFIC ISLANDER-SERVING INSTITUTION (AANAPASI). THE UNIVERSITY HAS ALSO RECEIVED ACCLAIMED RANKINGS BY THE U.S. NEWS & WORLD REPORT'S BEST COLLEGES IN THE REGIONAL WEST 2026 EDITION; EARNING #1 AS TOP PERFORMER IN SOCIAL MOBILITY; #7 IN OVERALL BEST VALUE; AND #6 (OUT OF 97) IN OVERALL REGIONAL COLLEGES IN THE WEST. WE ARE PARTICULARLY PROUD OF THE RANKING IN THE SOCIAL MOBILITY CATEGORY AS IT RECOGNIZES THAT ECONOMICALLY DISADVANTAGED STUDENTS ARE LESS LIKELY THAN OTHERS TO FINISH COLLEGE, EVEN WHEN CONTROLLING FOR OTHER CHARACTERISTICS. BECAUSE OF OUR ROLE IN SERVING AS A PATHWAY TO SUCCESS FOR MINORITY AND FIRST-GENERATION STUDENTS, IN THE 2023-2024 SCHOOL YEAR WPU WAS CHOSEN TO RECEIVE A HISTORIC TITLE V GRANT BY THE U.S. DEPARTMENT OF EDUCATION, THE FIRST UNIVERSITY IN OREGON TO HAVE RECEIVED SUCH AN AWARD. THE 5-YEAR GRANT WILL ALLOW WPU TO PROVIDE INCREASED SERVICES TO DISADVANTAGED STUDENTS INCLUDING TUTORING, MENTORING, LANGUAGE SUPPORT AND OTHER ASSISTANCE. STARTING IN THE 2024-2025 SCHOOL YEAR, WPU WAS ALSO CHOSEN TO RECEIVE A HAWKINS GRANT BY THE U.S. DEPARTMENT OF EDUCATION TO PROVIDE TEACHER EDUCATION PROGRAMS TO INCREASE THE NUMBER OF BILINGUAL TEACHERS IN OREGON. 733624 0 333546 IN THE 2019-2020 SCHOOL YEAR, THE UNIVERSITY PILOTED A NEW BOOK PROGRAM THAT PROVIDED NEW TRADITIONAL STUDENTS, BOTH FRESHMEN AND TRANSFERS, AUTOMATIC ENROLLMENT IN A DIGITAL/RENTAL BOOK PROGRAM FOR A STANDARD PER CREDIT HOUR FEE. THE PROGRAM ENSURED THAT STUDENTS RECEIVED THEIR BOOKS ON-CAMPUS DURING THE WEEKEND BEFORE CLASSES STARTED EACH SEMESTER. BEGINNING IN THE 2020-2021 SCHOOL YEAR, THIS PROGRAM WAS ROLLED OUT TO ALL TRADITIONAL STUDENTS AND THE COST OF BOOKS WAS INCORPORATED INTO THE COST OF TUITION PROVIDING THIS PROGRAM TO STUDENTS AT NO ADDITIONAL COST. BEGINNING IN THE 2024-2025 SCHOOL YEAR THIS WAS EXPANDED TO INCLUDE ALL STUDENTS AT WARNER PACIFIC UNIVERSITY. 733624 0 333546 15564410 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 882 0 1 332 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR CA X DOUGLAS WADE 5035171043 2219 SE 68TH AVE PORTLAND OR 97215 MICHAEL MORELAND TRUSTEE CHAIR 2.00 X X 0 0 0 RANDEE DOE TRUSTEE SECRETARY 2.00 X X 0 0 0 VICTOR ALVARIZARES TRUSTEE 1.00 X 0 0 0 KIMBERLEE ARMSTRONG TRUSTEE 1.00 X 0 0 0 FRANK BORST TRUSTEE 1.00 X 0 0 0 MICHAEL GUZMAN TRUSTEE 1.00 X 0 0 0 DENEESE JONES TRUSTEE 1.00 X 0 0 0 BEN SHULAR TRUSTEE 1.00 X 0 0 0 TJ SMUELU TRUSTEE 1.00 X 0 0 0 KEVIN STIFFLER TRUSTEE 1.00 X 0 0 0 JOEL TALLMAN TRUSTEE 1.00 X 0 0 0 SYLVIA WELCH TRUSTEE 1.00 X 0 0 0 MARSHA WILLIAMS TRUSTEE 1.00 X 0 0 0 DOUG WILSON TRUSTEE 1.00 X 0 0 0 WILL WRIGHT TRUSTEE 1.00 X 0 0 0 KEN YARNELL TRUSTEE 1.00 X 0 0 0 BRIAN JOHNSON PRESIDENT 40.00 X 358370 0 29945 DOUGLAS WADE EXECUTIVE VP/CFO 40.00 X 175000 0 30534 CECELIA MONTO VP FOR ACADEMICS, DEAN OF FACULTY 40.00 X 167807 0 41038 DARILIS GARCIA VP FOR ENROLLMENT, STUDENT SUCCESS & ENGAGEMENT 40.00 X 139689 0 20267 KEVIN FINN CONTROLLER/AVP FINANCE 40.00 X 134807 0 29254 LINDA CAMPBELL DEAN OF NURSING 40.00 X 125885 0 17355 ANDREW WYNINGS ASSOC VP FOR ADVANCEMENT 40.00 X 119814 0 14157 1221372 0 182550 9 0 1 0 EAGLE MOUNTAIN CONSTRUCTION PO BOX 796 MOLALLA OR 97038 CONSTRUCTION 1467980 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 15251 DINING HALL MANAGEMENT 806278 ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO IL 60673 FACILITY MANAGEMENT 784774 ARCHER EDUCATION INC PO BOX 80620 CITY OF INDUSTRY CA 91716 ENROLLMENT & MARKETING MANAGEMENT 373600 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60173 SOFTWARE SUPPORT 288870 11 290000 1337776 1228854 14620 2856630 TUITION 611310 12170712 12170712 HOUSING & FOOD SERVICES 611710 1181716 1181716 OTHER STUDENT SERVICES 611710 1030010 1030010 BOOKSTORE 459210 72364 72364 14454802 560857 560857 170469 0 170469 170469 170469 11058344 2500000 10920321 2588221 138023 -88221 49802 49802 SPLIT INTEREST TRUST INCOME 900099 243265 243265 243265 18335825 14625271 0 853924 2186752 2186752 523467 523467 29062 14531 14531 7231780 5775551 1237546 218683 787575 574799 186326 26450 601795 433367 148486 19942 717098 717098 39988 39988 63105 63105 1063791 727470 296873 39448 366668 287795 77873 1000 208102 40692 97764 69646 568229 81766 486463 2437210 2267635 132460 37115 426511 350404 69716 6391 24112 13638 10194 280 769222 253382 515840 826819 580126 246693 228124 3497 224627 EDUCATIONAL SUPPLIES 736180 474462 243316 18402 FOOD SERVICES/BOOKSTORE 576291 576291 OTHER 369601 219685 149916 20781482 15564410 4765184 451888 9048 59333 2391705 1690195 413564 628606 1299530 1131429 16693 15336 385467 420126 26991985 16089376 9940710 10902609 2047983 806646 8617114 9293129 942029 1949200 26063843 26896609 2481113 2209016 304064 443047 8214516 7601912 1932999 2874940 12932692 13128915 X 3396531 3571769 9734620 10195925 13131151 13767694 26063843 26896609 X -2445657 3269747 -187547 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 89565 X 0 18230221 18423 4043057 281751 22009950 15320569 8216 3876517 975081 18230221 18162073 300000 1157095 4298599 15320569 20253710 42397 -415836 1812190 -93992 18162073 18371317 313035 2234998 -567716 -97924 20253710 0.22175 0.39191 0.38634 0 0 746967 746967 14197998 7556777 6641221 569662 95913 473749 10170642 8436686 1733956 1306716 1306716 10902609 REAL ESTATE SECURITIES 9175000 C ANNUITY INVESTMENT 32167 C MINERAL RIGHTS 30000 C CSV LIFE INSURANCE 55962 C 9293129 ROU ASSETS 1949200 1949200 ROU LIABILITIES 1972612 SPLIT-INTEREST LIABILITIES 63729 TRUST DEFERRED REVENUE 629536 PERKINS GRANT REFUNDABLE 23422 ANNUITIES PAYABLE 185641 2874940 X 19246715 3269747 15442 -2186752 1098437 18148278 187547 187547 18335825 18610172 15442 15442 18594730 2186752 2186752 20781482 PART III, LINE 4: THE UNIVERSITY MAINTAINS A COLLECTION OF PAINTINGS AND A HISTORIC TORA SCROLL WHICH ARE ON DISPLAY ON CAMPUS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR VARIOUS PURPOSES THROUGHOUT THE UNIVERSITY TO SUPPORT STUDENTS AND THEIR EDUCATION. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC AND IS CLASSIFIED AS A SCHOOL UNDER 509(A)(1) OF THE IRC. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME TAX, IF ANY, IS INSIGNIFICANT, AND THEREFORE, NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE UNIVERSITY QUALIFIES FOR A CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 170(B)(1)(A)(II). THE UNIVERSITY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID RECLASSED TO EXPENSE -2,186,752. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF ANNUITIES 187,547. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID RECLASSED TO EXPENSE 2,186,752. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WARNER PACIFIC UNIVERSITY PUBLICLY POSTS OUR RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF THE UNIVERSITY WEBSITE AT WWW.WARNERPACIFIC.EDU. DUE TO THE IMPORTANCE OF ACCESS TO THIS INFORMATION, STUDENTS ARE ALSO MADE AWARE OF THESE POLICIES THROUGH THE RECRUITMENT AND ADMISSION PROCESS THROUGH THE PUBLICATION OF THE STATEMENT ON KEY ADMISSION DOCUMENTS AND FORMS. SCHEDULE E, PART I, LINE 6 WARNER PACIFIC UNIVERSITY PARTICIPATES IN THE FEDERAL TITLE IV STUDENT AID PROGRAM AND ADMINISTERS THE FUNDS IN ACCORDANCE WITH PROGRAM GUIDELINES. 1 SCHOLARSHIPS AND TUITION DISCOUNTS 395 2186752 N/A N/A PART I, LINE 2: THE ORGANIZATION APPLIES GRANTS AND SCHOLARSHIPS DIRECTLY TO STUDENTS' ACCOUNTS, THUS ENSURING PROPER USE OF FUNDS TOWARDS STUDENTS' EDUCATIONS. X 1 1 X X 0 1 0 0 0 0 0 0 0 BRIAN JOHNSON PRESIDENT 279892 0 0 0 78478 0 0 0 29945 0 388315 0 0 0 CECELIA MONTO VP FOR ACADEMICS, DEAN OF FACULTY 167807 0 0 0 0 0 0 0 41038 0 208845 0 0 0 DOUGLAS WADE EXECUTIVE VP/CFO 175000 0 0 0 0 0 0 0 30534 0 205534 0 0 0 KEVIN FINN CONTROLLER/AVP FINANCE 134807 0 0 0 0 0 0 0 29254 0 164061 0 0 0 DARILIS GARCIA VP FOR ENROLLMENT, STUDENT SUCCESS & 139689 0 0 0 0 0 0 0 20267 0 159956 0 0 0 PART I, LINE 1A TAXABLE HOUSING ALLOWANCE WAS PROVIDED TO THE PRESIDENT. PART I, LINE 4B THE PRESIDENT PARTICIPATED IN THE UNIVERSITY'S 457(F) DEFERRED COMPENSATION PLAN. NO CONTRIBUTIONS OR DISTRIBUTIONS WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 1A IN ANY SPECIAL MEETING, THE EXECUTIVE COMMITTEE SHALL HAVE POWER TO ACT FOR THE BOARD, UNLESS OTHERWISE LIMITED BY LAWS, THE BYLAWS, THE BOARD POLICY MANUAL, OR THE BOARD. THE EXECUTIVE COMMITTEE SHALL ACT ON SUCH MATTERS AS REQUIRE BOARD ACTION PRIOR TO THE NEXT MEETING OF THE BOARD AND SHALL DISCHARGE SUCH OTHER DUTIES AS THE BOARD MAY ASSIGN. OTHER THAN SPECIAL MEETINGS, THE EXECUTIVE COMMITTEE SHALL ADVISE THE BOARD ON MATTERS COMING BEFORE THE BOARD. THE EXECUTIVE COMMITTEE SHALL NOT MAKE BROAD POLICY DECISIONS RELATING TO THE MISSION OF THE UNIVERSITY, NOR IS IT INTENDED TO USE THE GENERAL POWERS VESTED IN THE BOARD, BUT SHALL ASSUME FINANCIAL (FIDUCIARY) RESPONSIBILITY FOR THE UNIVERSITY AND ACT ON OTHER MATTERS OF URGENCY. FORM 990, PART VI, SECTION B, LINE 11B 990 IS UPLOADED TO A SHARED DROPBOX SITE AND AN EMAIL SENT TO GOVERNING BODY MEMBERS TO REVIEW AND PROVIDE FEEDBACK TO THE CONTROLLER/INTERIM PRESIDENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT-OF-INTEREST STATEMENT AND DISCLOSE CONFLICTS AS THEY ARISE. IT IS THE RESPONSIBILITY OF THE REMAINING BOARD MEMBERS TO DETERMINE IF A CONFLICT HAS ARISEN. DISCLOSURE INVOLVING AN EMPLOYEE SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR DULY CONSTITUTED COMMITTEE THEREOF. DISCLOSURE INVOLVING TRUSTEES SHOULD BE MADE IN WRITING AND PRESENTED TO THE BOARD CHAIR (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE-CHAIR), WHO SHALL BRING THESE MATTERS TO THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO WARNER PACIFIC UNIVERSITY. THE DECISION OF THE BOARD, OR A DULY CONSTITUTED COMMITTEE THEREOF, ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF WARNER PACIFIC UNIVERSITY AND THE ADVANCEMENT OF ITS PURPOSE. IF A CONFLICT OF INTEREST IS FOUND, THE CONFLICTING PARTY IS BARRED FROM DISCUSSION AND VOTING ON ANY MATTERS THAT PERTAIN TO THE CONFLICT. DISCLOSURES OF CONFLICTS ARE PROVIDED IN WRITING AND DISCUSSION IS DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE ANNUAL PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S PRESIDENT INCLUDES REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE, USE OF COMPARABILITY DATA AND CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S SALARY AND SETS IT. THEY ALSO DETERMINE IF A BONUS IS EARNED. THE REVIEW INCLUDES A PERFORMANCE EVALUATION AGAINST GOALS SET FOR THE YEAR; THE SALARY INCREASE AND PERFORMANCE RATINGS ARE BASED ON THE ACHIEVEMENT OF THESE GOALS. THIS PROCESS IS DONE IN THE EXECUTIVE SESSION OF THE BOARD MEETING. SALARY INCREASES ARE BASED ON THESE GOALS AND ACHIEVEMENTS, AS WELL AS MARKET INDICATORS INCLUDING COMPARISON AGAINST OTHER SIMILAR ORGANIZATIONS INCLUDED IN THE SURVEY CONDUCTED BY THE COUNCIL FOR CHRISTIAN COLLEGES & UNIVERSITIES. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES FORM 990 AND OTHER FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES -187,547. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER TRUST (13) OR T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0