2024-05-15T13:11:11-05:00 2023-06-30 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2022-07-01 230973290 CAIRN UNIVERSITY CAIR 2157525800 200 MANOR AVENUE LANGHORNE PA 190472990 TODD J WILLIAMS PRESIDENT 2157525800 2024-05-15 1 TODD WILLIAMS 999009999 0 HARRISON PEREIRA P00746867 2159798800 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TODD J WILLIAMS 200 MANOR AVENUE LANGHORNE PA 190472990 34327272 0 X WWW.CAIRN.EDU X 1913 PA TO PROVIDE BIBLICALLY-INTEGRATED HIGHER EDUCATION TO STUDENTS IN ACADEMIC PROGRAMS IN BIBLE, EDUCATION, MUSIC, SOCIAL WORK, BUSINESS, ETC. 16 15 756 15 0 0 7536508 4628909 29312953 27415776 -116676 783045 532564 703664 37265349 33531394 11992318 11418840 0 0 12700418 12930144 0 0 352828 10275802 9558869 34968538 33907853 2296811 -376459 53003415 52830929 14936300 14637927 38067115 38193002 TO EDUCATE STUDENTS TO SERVE CHRIST IN THE CHURCH, SOCIETY, AND THE WORLD AS BIBLICALLY MINDED, WELL-EDUCATED, AND PROFESSIONALLY COMPETENT MEN AND WOMEN OF CHARACTER. 0 0 27963197 11418840 EDUCATION OF STUDENTS IN THE SIX DIFFERENT SCHOOLS/DEPARTMENTS OFFERED AT CAIRN UNIVERSITY. THE 6 SCHOOLS ARE: THE SCHOOL OF EDUCATION, THE SCHOOL OF BUSINESS, THE SCHOOL OF DIVINITY, THE SCHOOL OF MUSIC, THE SCHOOL OF LIBERAL ARTS & SCIENCES AND THE SCHOOL OF SOCIAL WORK. 1617638 OPERATING STUDENT HOUSING FACILITIES INCLUDING MANOR RESIDENCE HALLS AND HERITAGE HALL, AS WELL AS THE FURMAN DINING COMMONS AND THE CAFE. TOGETHER THESE FACILITIES PROVIDE ROOM AND BOARD FOR THE STUDENTS. 29580835 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 124 0 1 756 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X YUNN KANG SVP-FINANCE 2157024461 200 MANOR AVENUE LANGHORNE PA 190472990 DRTODD J WILLIAMS PRESIDENT 45.00 2.00 X X 225463 0 23937 BETTY JANE HESS CHAIR 2.00 2.00 X X 0 0 0 JOHN W SCHEFLEN VICE CHAIR 2.00 X X 0 0 0 ELIZABETH MASON GIVENS SECRETARY 2.00 2.00 X X 0 0 0 ED STILLMAN TRUSTEE 2.00 X 0 0 0 S ERIC BEATTIE TRUSTEE 2.00 X 0 0 0 LEE W HIMMELMANN TRUSTEE 2.00 X 0 0 0 ARNE L CHRISTENSON TRUSTEE 2.00 X 0 0 0 CLARENCE E LOCKETT TRUSTEE 2.00 X 0 0 0 DONALD HAWK TRUSTEE 2.00 X 0 0 0 DRPAMELA J OKADA TRUSTEE 2.00 X 0 0 0 MATTHEW HANCOCK TRUSTEE 2.00 X 0 0 0 WILLIAM NEWMAN TRUSTEE 2.00 X 0 0 0 ROBERT DOLL TRUSTEE 2.00 2.00 X 0 0 0 ANNE FURMAN TRUSTEE 2.00 X 0 0 0 G PATRICK STILLMAN TRUSTEE 2.00 2.00 X 0 0 0 GREGORY SCHALLER CHAIR, SOCIAL SCIENCES DEP 40.00 X 129103 0 22446 SCOTT CAWOOD SR. VP FOR STUDENT AFFAIRS 40.00 X 119409 0 19525 YUNN KANG SENIOR VP , FINANCE 40.00 X 121523 0 21292 595498 0 87200 4 0 1 0 WORTHINGTON DAVIS ASSOCIATES 208 VILLAGE AT ELAND PHOENIXVILLE PA 19460 CONSTRUCTION 2833542 GUIDESTONE FINANCIAL RESOURCES 5005 LBJ FREEWAY STE 2200 DALLAS TX 75244 FINANCIAL RESOURCES 1483178 PIONEER COLLEGE CATERERS INC C/O PBU 200 MANOR AVENUE LANGHORNE PA 19047 FOOD SERVICE 1378717 EBSCO INFORMATION SERVICES PO BOX 204661 DALLAS TX 75320 BOOKS & PERIODICALS 237510 LIMBACH COMPANY LLC 175 TITUS AVE 100 WARRINGTON PA 18976 CONTRACTOR SERVICES 203475 10 116032 1847665 2665212 4628909 TUITION AND FEES 900099 22447367 22447367 AUXILIARY ENTERPRISES 900099 4968409 4968409 27415776 500209 500209 182193 0 182193 182193 182193 1014097 731261 282836 282836 282836 0 116032 64617 -64617 -64617 MISCELLANEOUS 900099 586088 586088 586088 33531394 27415776 0 1486709 11418840 11418840 228178 207443 20735 9987097 8971156 896702 119239 205994 185019 18493 2482 1821355 1636354 163560 21441 687520 617735 61745 8040 207451 68860 138591 2784 2784 100444 100444 193074 39926 151259 1889 695222 279539 369719 45964 894114 413675 418897 61542 1143415 327118 816297 439583 345633 63528 30422 488176 438625 43842 5709 2567921 2307271 230621 30029 230764 911 229853 FOOD SERVICE 1290520 1290520 STUDENT PROGRAMS 980791 797235 157485 26071 PROFESSIONAL MEMBERSHIP 171274 117161 54113 VEHICLE REPAIR AND MAIN 35522 35522 117814 117814 33907853 29580835 3974190 352828 2778674 2342444 2023869 1429571 689635 1034951 754787 980139 356225 403605 72896718 43713239 30537477 29183479 15862748 17456740 53003415 52830929 951029 643693 1284460 1062165 11723030 12002431 977781 929638 14936300 14637927 X 23512173 22868989 14554942 15324013 38067115 38193002 53003415 52830929 X -376459 576095 -73749 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12826185 22497 1245636 777515 13316803 15547280 102532 -2258477 565150 12826185 10819635 2115800 3211041 599196 15547280 11207108 -143570 429253 673156 10819635 11407792 -56580 513583 657687 11207108 0.00970 0.81140 0.17890 0 0 1934998 1934998 51152329 27671576 23480753 14697431 12312245 2385186 5111960 3729418 1382542 29183479 ASSETS HELD IN TRUST BY AFFILIATE 17456740 17456740 ANNUITIES PAYABLE 572029 ACCRUED PENSION PLAN 357609 929638 X 23150088 576095 461439 1037534 22112554 11418840 11418840 33531394 23194519 705506 705506 22489013 11418840 11418840 33907853 PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2020-2022) OR EXPECTED TO BE TAKEN IN THE UNIVERSITY'S 2023 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM AFFILIATE NOT INCLUDED ON FORM 990 470,571. SPECIAL EVENTS 64,617. ACTURIAL LOSS ON ANNUITIES -71,890. ACTURIAL LOSS ON DEFINED BENEFIT PLAN -32,092. ACTURIAL GAIN ON LIFE INCOME TRUSTS 30,233. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 11,418,840. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM AFFILIATE NOT INCLUDED ON THE FORM 990 640,889. SPECIAL EVENTS 64,617. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 11,418,840. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PUBLISHED IN ADVERTISING FOR THE INSTITUTION. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PERIODICALLY RECEIVES GRANTS AND AID FROM VARIOUS GOVERNMENTAL AGENCIES FOR USE IN THE EDUCATIONAL PROCESS. GOLF OUTING 116032 116032 64617 116032 116032 64617 64617 -64617 1 SCHOLARSHIPS 735 11414435 PART I, LINE 2: AFTER AN APPLICATION IS SUBMITTED BY THE STUDENT, FINANCIAL AID EVALUATES IT FOR NEED AND BASED ON THEIR ENROLLED COURSES, AND THIS IS RE-EVALUATED EACH YEAR AS NEED AND ENROLLMENT INDICATE. THE UNIVERSITY DOES MONITOR THE USE OF THE STUDENT AID AND IT IS APPLIED TO THEIR STUDENT BILLING ACCOUNT IN THE UNIVERSITY'S SIS (STUDENT INFORMATION SYSTEM). X 1 0 X X 0 0 0 0 0 0 0 0 0 DRTODD J WILLIAMS PRESIDENT 225463 0 0 0 0 0 6058 0 17879 0 249400 0 0 0 GREGORY SCHALLER CHAIR, SOCIAL SCIENCES DEP 129103 0 0 0 0 0 3555 0 18891 0 151549 0 0 0 PART I, LINE 1A TODD WILLIAMS IS PROVIDED WITH HOUSING ON CAMPUS WHICH HE USES AS APPROPRIATE FOR UNIVERSITY FUNCTIONS WHICH INCLUDE MEETINGS AND EVENTS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS PROVIDED THE FORM 990 TO EACH BOARD MEMBER FOR THEIR REVIEW AND ALSO PROVIDED TIME FOR ANY QUESTIONS/COMMENTS PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY FOLLOWS POLICY # 5505-13 "CONFLICT OF INTEREST", A 3-PAGE DOCUMENT OUTLINING THE REQUIREMENTS OF BOARD MEMBERS WITH REFERENCE TO ANY CONFLICT OF INTEREST. EACH MEMBER OF THE BOARD OF TRUSTEES AND THE SENIOR VICE PRESIDENTS SHALL ANNUALLY SUBMIT TO THE OFFICE OF THE PRESIDENT A STATEMENT IDENTIFYING ANY FINANCIAL INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT AND VICE PRESIDENTS IS DETERMINED UNDER UNIVERSITY POLICY # 5505-14, "EXECUTIVE COMPENSATION". THE GOVERNANCE COMMITTEE SHALL OBTAIN ANNUALLY AN INDEPENDENT SURVEY OF COMPENSATION PAID BY OTHER SIMILAR EDUCATIONAL INSTITUTIONS TO THEIR EXECUTIVE OFFICERS. THE GOVERNANCE COMMITTEE MAY ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IT TO OBTAIN AND EVALUATE THE COMPENSATION SURVEY OR MAY OBTAIN ASSISTANCE FROM HUMAN RESOURCES. THE GOVERNANCE COMMITTEE SHALL COMMUNICATE ITS RECOMMENDATION TO THE BOARD OF TRUSTEES IN THE FALL TO BE EFFECTIVE JANUARY 1 OF THE FOLLOWING YEAR. THE GOVERNANCE COMMITTEE SHALL BASE ITS RECOMMENDATION ON THE INDEPENDENT COMPENSATION SURVEY AND THE ANNUAL PERFORMANCE EVALUATION OF THE PRESIDENT AND SHALL COMMUNICATE THE BASIS OF ITS RECOMMENDATION TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL DETERMINE THE COMPENSATION OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 18 BY UNIVERSITY POLICY # 5512-09 REGARDING "PUBLIC INSPECTION OF THE IRS FORM 990", THE UNIVERSITY WILL PROVIDE BY MAIL, FAX OR EMAIL A COPY OF THE 990 UPON REQUEST TO THE CONTROLLER'S OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY HAS PREPARED THESE DOCUMENTS AND THEY ARE AVAILABLE UPON REQUEST TO THE CONTROLLER'S OFFICE. FORM 990, PART XI, LINE 9: ACTURIAL LOSS ON ANNUITIES -71,890. ACTURIAL LOSS ON DEFINED BENEFIT PLAN -32,092. ACTURIAL GAIN ON LIFE INCOME TRUSTS 30,233. PART XI, LINE 2C THE PROCESS BY WHICH THE ORGANIZATION APPOINTS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. THE REGENCY FOUNDATION 200 MANOR AVE LANGHORNE PA 19047 232795443 FINANCIAL PLANNING PA 501C(3) LINE 12A, I 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0