2023-10-25T12:31:43-05:00 2023-04-30 363990892 Capin Crouse LLP 3200 E Guasti Road Suite 230 Ontario CA 91761 990 2022-05-01 941339635 Simpson University SIMP 5302245600 2211 College View Drive Redding CA 96003 Timothy N Dietz CFO 5302245600 2023-10-25 1 Timothy Dietz 999009999 0 Daren Daiga P01074795 5055022746 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Dr Norman Hall 2211 College View Drive Redding CA 96003 38986029 0 X SimpsonU.edu X 1955 CA Developing each student in mind, faith, and character for a life-time of meaningful work and service. 21 21 537 25 0 0 14746087 6862256 28082922 28927822 643547 576812 0 819681 43472556 37186571 11724354 11178772 0 0 12203582 12775494 0 0 843226 13111367 14030496 37039303 37984762 6433253 -798191 52447499 52041923 31220621 31923180 21226878 20118743 Simpson University is a Christ-centered learning community committed to developing each student in mind, faith, and character for a life-time of meaningful work and service in a constantly changing world. 0 0 32249737 11178772 28927822 Simpson University is an institution of higher learning offering liberal arts and professional studies degrees and a graduate school. The University served approximately 920 traditional undergraduate students and 280 other education and graduate level students. 32249737 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1124 0 1 537 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO OR WA X Timothy N Dietz 5302245600 2211 College View Drive Redding CA 96003 X Dr James M Postma Board Chair 1.00 X X 0 0 0 Adam McElvain Board Vice Chair 1.00 X X 0 0 0 Rev Dennis Pust Board Secretary 1.00 X X 0 0 0 Kimberly Allen Trustee 1.00 X 0 0 0 Josh Barker Trustee 1.00 X 0 0 0 Rebecca Berg Trustee 1.00 X 0 0 0 Dr Jo Anne C Cripe Trustee 1.00 X 0 0 0 Rev Rob Douglas Trustee 1.00 X 0 0 0 Dr Gary D Friesen Trustee 1.00 X 0 0 0 David Gilmore Trustee 1.00 X 0 0 0 Jim Goddard Trustee 1.00 X 0 0 0 Frank Harding Trustee 1.00 X 0 0 0 Raymond L Homan Trustee 1.00 X 0 0 0 Julie K Irving Trustee 1.00 X 0 0 0 Mark Matheson Trustee 1.00 X 0 0 0 Dr Thomas J Perry Trustee 1.00 X 0 0 0 Norman F Reinhardt Trustee 1.00 X 0 0 0 David S Richey Trustee 1.00 X 0 0 0 Lue Thao Trustee 1.00 X 0 0 0 Nha Tran Trustee 1.00 X 0 0 0 Rev Monty C Wright Trustee 1.00 X 0 0 0 William H Carlson Trustee (part year) 1.00 X 0 0 0 Catherine A Ludlow Trustee (part year) 1.00 X 0 0 0 Rev Dr J Wayne Spriggs Trustee (part year) 1.00 X 0 0 0 Dr Norman D Hall President 40.00 X 137580 0 120567 Timothy N Dietz Chief Financial Officer 40.00 X 119773 0 27728 Robert Quirk Chief Operations Officer 40.00 X 117646 0 32882 Dale Simmons Provost 40.00 X 122817 0 30504 Misty Smith Dean of Nursing 40.00 X 126540 0 45677 Ken White Dean of Advancement 40.00 X 112337 0 44506 736693 0 301864 6 0 1 0 Frandsen Construction PO Box 997 Anderson CA 96007 Misc construction projects 555093 McEntire Landscaping PO Box 492381 Redding CA 96049 Landscaping 263051 Timberline Heating & Air 2950 Innsbruck Dr Redding CA 96049 A/C contractor 135427 3 31456 2699138 4131662 1641786 6862256 Tuition and fees 611310 23652371 23652371 Residence housing 611310 3569914 3569914 Educational conference 611310 92067 92067 1613470 1613470 28927822 405763 405763 8161 8161 500000 51337 448663 448663 448663 1891919 1729031 162888 162888 162888 7280 31456 19090 -11810 -11810 Insurance settlement 900099 382828 382828 382828 37186571 28927822 0 1396493 11178772 11178772 591199 591199 4549 4549 10266028 8273222 1606727 386079 1229150 993472 189311 46367 684568 553308 105436 25824 73696 16367 56565 764 218940 218940 100413 100413 964483 315213 582300 66970 1019965 847943 154240 17782 712323 564519 122022 25782 400324 323566 61657 15101 2854788 2693519 133721 27548 1468602 1181268 232203 55131 1755043 1418530 270308 66205 1182627 955869 182146 44612 359917 290906 55434 13577 Equip. Rent & Main. 1189045 975703 171504 41838 Student activities 686927 673188 13739 Instr./library supplies 562904 562904 Staff training/devlopme 140144 113272 21585 5287 340355 318196 17800 4359 37984762 32249737 4891799 843226 5551577 1696966 4111817 6049005 4661735 3204881 528542 162239 124716 75644 24210 24210 104115 100799 49939195 19789606 28575776 30149589 6699228 6468181 725836 2320048 1339947 1790361 52447499 52041923 1256909 1380143 28937862 28957527 -98801 551000 496000 573651 1089510 31220621 31923180 X 9335574 8651022 11891304 11467721 21226878 20118743 52447499 52041923 -798191 -309944 0 X 0 1 X 1 1 1 X 4430393 5202088 17121327 14746087 6862256 48362151 4430393 5202088 17121327 14746087 6862256 48362151 597172 47764979 645294 246 235783 302103 913924 2097350 23150 23150 15241 382828 398069 50880720 330670993 0.93880 0.95870 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2018 Amount: $ 15,241. 2022 Amount: $ 382,828. Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 6000 6000 0 Part II-B, Line 1: Pay dues for memberships to Higher Education lobbying groups. 7190291 38261 -17051 153725 221713 6836063 7388879 272667 -374098 97157 7190291 5990453 167498 1235095 4167 7388879 7649301 40846 -19475 1680219 5990453 7400106 99629 416109 266543 7649301 0.05132 0.94868 0 0 622289 622289 36284584 13289076 22995508 8904510 3772554 5131956 4127812 2727976 1399836 30149589 Annuity and trust obligations 489222 Operating lease obligations 600288 1089510 25725696 -309944 -11050518 -11360462 37086158 100413 100413 37186571 26833831 70427 70427 26763404 100413 11120945 11221358 37984762 Part V, Line 4: To fund student scholarships. Part XI, Line 2d - Other Adjustments: Scholarships netted against revenue -11,120,945. Event Expenses 19,090. Rent Expenses 51,337. Part XII, Line 2d - Other Adjustments: Event Expenses 19,090. Rent Expenses 51,337. Part XII, Line 4b - Other Adjustments: Scholarships netted against revenue 11,120,945. 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 organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Schedule E, Part I, Line 6 The University receives federal assistance to award financial aid to eligible students. The University also received financial assistance from the Higher Education Emergency Relief Funds (HEERF) as part of the CARES Act. Golf Tournament 38736 31456 7280 2069 9636 6755 630 38736 31456 7280 2069 9636 6755 630 19090 -11810 1 Scholarships 718 11120945 HEERF Grant recipients 20 57827 Part I, Line 2: Simpson University awards financial aid grants to students in accordance with the University's institutional financial aid policies. All scholarships are awarded to current students of the institution, thus enabling the institution to track their academic performance and use of all scholarship funds. Scholarships funds are directly applied to the student accounts with no cash changing hands. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr Norman D Hall President 137407 0 0 0 173 0 13301 0 107631 0 258512 0 0 0 Misty Smith Dean of Nursing 126472 0 0 0 68 0 0 0 45677 0 172217 0 0 0 Ken White Dean of Advancement 112182 0 0 0 155 0 0 0 44506 0 156843 0 0 0 Dale Simmons Provost 122322 0 0 0 495 0 0 0 30504 0 153321 0 0 0 Robert Quirk Chief Operations Officer 116693 0 0 0 953 0 0 0 33247 0 150893 0 0 0 Part I, Line 1a Dr. Norman D. Hall, President, received a ministerial housing allowance during the reporting period. Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. As a condition of employment, and as a convenience to the University, Mr. Timothy Dietz, CFO, was provided a home on University grounds. This benefit was not included in Mr. Dietz's taxable compensation and was discontinued in July 2022. A California Municipal Finance Authority 201563466 13048VUK2 2020-12-17 29500000 Refinance debt and various capital projects 0 0 0 A 1761750 29514660 2434521 590000 2900000 3118906 20471233 2023 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K Part II Line 3 The amount reporting here includes $14,660 of accrued interest. This explains the difference from the amount reported on Part I, column (e). 22515 Tuition Assistance Discounted tuition X 2 1614786 Appraised value X Piano 1 27000 Appraised value 1 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990 Part VI, Line 1a: The Executive Committee shall be composed of the Board Chair (who shall chair the committee meetings), all former Board Chairs, the current Vice Chair(s), the Board Secretary, the Board Committee Chairs, and a District Superintendent designated by the Board Chair. The primary responsibilities of this committee are to: (1) Establish, monitor, and evaluate all responsibilities and activities of the Board. (2) Ensure that all Board actions are consistent with the University's Strategic Plan, the University's By-Laws, and the Board's Policy Manual. (3) Review and recommend policies and procedures applicable to relationships between the Board, the University President, and Staff. (4) Conduct the annual evaluation of the President and rate his or her performance, establishing performance objectives for the upcoming year. (5) Serve, along with the Board Chair, as the selection committee making recommendations to the full Board for Presidential appointments during transitions in institutional leadership. (6) Draft and authorize the Chair to execute contracts of employment between the University and its President, and, when appropriate, President's spouse, reporting back to the full board on any such actions taken (7) Annually review compensation and benefits for all Simpson University Executive Staff members that they are just and reasonable in comparison with available salary survey data (such as the CCCU survey); (8) Oversee and monitor all legal matters; and (9) Act on behalf of the Board at and between Board meetings on matters specifically delegated to it by resolution of the full Board Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the CFO and Controller. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The University has a written conflict of interest policy that is signed by all officers and board members on an annual basis. The signed statements are reviewed by members of the Executive Committee. The individual members of the Executive Committee do not review their own signed statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The Executive Committee of the board of trustees reviews compensation data compiled from the Coalition of Christian Colleges and University's (CCCU) national salary survey. This data shows current executive salaries and considers those along with the standard employee pay increase for all university employees. The Executive Committee determines the compensation for all executives. The Secretary of the board of trustees signs the employee contracts for executives and the signed contracts are saved in the applicable human resource files. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available upon request. Part VII, column (F) and Schedule J, Part II, column (C): Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Charitable Remainder Annuity Trust (1) Trust CA Simpson University 1 Charitable Remainder Unitrust (2) Trust CA Simpson University 1 Charitable Remainder Trust (1) Trust CA Simpson University 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Charitable Remainder Trust C 1614786 FMV