2022-04-11T23:01:32-05:00 2021-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2020-07-01 951643389 UNIVERSITY OF REDLANDS UNIV 9097488180 PO BOX 3080 REDLANDS CA 923730999 KEVIN DYERLY VP FINANCE/CFO 9097488180 2022-04-08 1 KEVIN DYERLY 999009999 TRACY S PAGLIA P00366884 2099556100 2022-04-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KRISTA L NEWKIRK PO BOX 3080 REDLANDS CA 923730999 347023832 0 X WWW.REDLANDS.EDU X 1907 CA THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT LIBERAL ARTS AND SCIENCES UNIVERSITY COMMITTED TO A MISSION THAT EMPHASIZES ACADEMIC RIGOR, PERSONAL DEVELOPMENT AND INTERDISCIPLINARY STUDIES. 30 30 2564 900 -54294 0 17804599 18360554 193054370 163073861 25944121 15916191 224947 80704 237028037 197431310 79874443 75890726 0 0 85001289 72903567 0 0 2449400 57862006 47178247 222737738 195972540 14290299 1458770 465502200 515306754 98807703 106251884 366694497 409054870 X SEE SCHEDULE O 0 0 75890726 75890726 0 SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 4,000 STUDENTS 49026484 0 159633776 INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 4,656 FULL TIME AND PART TIME STUDENTS 24195275 0 3370222 STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS 14561955 0 69863 PUBLIC SUPPORT AND STUDENT SERVICES. 14561955 0 69863 163674440 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 6944 0 1 2564 1 1 1 1 AU 0 0 0 0 0 0 0 0 0 0 X 30 30 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KEVIN DYERLY VICE PRESIDENT FINANCECFO 9097488180 1200 E COLTON AVENUE ADMIN 302 REDLANDS CA 92373 RALPH KUNCL THRU 0621 PRESIDENT 70.00 X 870450 0 225328 CORY NOMURA THRU 0620 FORMER SR VP FINANCE & ADMIN 60.00 X 415103 0 44563 KATHY OGREN PROVOST 60.00 X 289270 0 49552 ANDREW WALL - DEAN SCHOOL OF EDUCATION (THRU 06/20)/FACULTY 55.00 X 262434 0 39160 KEVIN DYERLY VP FINANCE/CFO 60.00 X 253615 0 36978 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 55.00 X 255012 0 31132 TAMARA MICHEL VP ADVANCEMENT 55.00 X 245260 0 24719 KENDRICK BROWN THRU 1220 DEAN, COLLEGE OF ARTS AND SCIENCES 55.00 X 225494 0 29752 MICHELLE ROGERS VP ADMINISTRATION 60.00 X 208126 0 32344 BRENT GERATY GENERAL COUNSEL 55.00 X 201154 0 34283 WENDY FARLEY PROFESSOR 55.00 X 195818 0 34838 DONNA EDDLEMAN DEAN, STUDENT AFFAIRS 55.00 X 192335 0 28298 JACK OSBORN EXECUTIVE PROFESSOR 55.00 X 166767 0 44847 DONNA STEVENER ASSOCIATE VP FINANCE 55.00 X 185306 0 16869 GEORGE KEITH ROBERTS FORMER DEAN, SCHOOL OF BUSINESS 55.00 X 140819 0 8516 CHARLOTTE BURGESS FORMER VP AND DEAN, STUDENT LIFE 55.00 X 123340 0 7376 JEN THOMPSON - CHIEF OF STAFF/SECRETARY AS OF 11/20 40.00 X 36757 0 1786 LELAND LAUNER CHAIR - TRUSTEE 6.00 X X 0 0 0 LARRY BURGESS FIRST VICE-CHAIR - TRUSTEE 4.00 X X 0 0 0 JAMISON ASHBY SECOND VICE-CHAIR - TRUSTEE 4.00 X X 0 0 0 JANET BERCKEFELDT TRUSTEE 2.00 X 0 0 0 BRADLEY BERG TRUSTEE 2.00 X 0 0 0 CAROLE BESWICK TRUSTEE 2.00 X 0 0 0 WILLIAM CAHILL TRUSTEE 2.00 X 0 0 0 BRUCE CAVARNO TRUSTEE 2.00 X 0 0 0 DAVID DANIELSON TRUSTEE 2.00 X 0 0 0 JOESPH D'ANNA TRUSTEE 4.00 X 0 0 0 DAVID ENZMINGER TRUSTEE 4.00 X 0 0 0 RICHARD FISHER TRUSTEE 4.00 X 0 0 0 BECKY CAMPBELL GARNETT TRUSTEE 4.00 X 0 0 0 THOMAS GILMER TRUSTEE 2.00 X 0 0 0 KENNETH HALL TRUSTEE 2.00 X 0 0 0 ROBERT HARRIS TRUSTEE 2.00 X 0 0 0 TEENA HOSTOVICH TRUSTEE 2.00 X 0 0 0 FRAN INMAN TRUSTEE 2.00 X 0 0 0 JEANNIE KIM TRUSTEE 2.00 X 0 0 0 SHERRI MEDINA TRUSTEE 2.00 X 0 0 0 BRIAN MURPHY TRUSTEE 2.00 X 0 0 0 ROBERT ODA TRUSTEE 4.00 X 0 0 0 DARREN ROSE TRUSTEE 4.00 X 0 0 0 JOSEPH RULISON TRUSTEE 2.00 X 0 0 0 CHRIS STRAND TRUSTEE 4.00 X 0 0 0 STEPHEN TINDLE TRUSTEE 2.00 X 0 0 0 RONALD TROUPE TRUSTEE 2.00 X 0 0 0 CANDACE UNRUH TRUSTEE 2.00 X 0 0 0 MARY VIVANCO TRUSTEE 2.00 X 0 0 0 CHARLES WILKE TRUSTEE 4.00 X 0 0 0 4267060 0 690341 171 1 1 0 HARVEST TABLE CULINARY GROUP 2400 MARKET ST PHILADELPHIA PA 19103 FOOD SERVICES 3133431 TOVEYSHULTZ CONSTRUCTION INC 18261 COLLIER AVE UNIT A LAKE ELSINORE CA 92530 CONSTRUCTION 1828151 KEYPATH EDUCATION LLC 220 N SMITH ST STE 210 PALATINE IL 60067 ONLINE SERVICE 1573690 KAR CONSTRUCTION INC 1306 W BROOKS ST ONTARIO CA 91762 CONSTRUCTION 1181216 EDUVANTIS LLC 120 S LASALLE ST STE 1515 CHICAGO IL 60603 MARKETING 1079919 56 5588627 12771927 2023669 18360554 TUITION & FEES 611600 159373028 159373028 AUXILIARY PROGRAMS 611600 3370222 3368122 2100 CONFERENCES 611600 183718 183718 ASSOCIATED STUDENT 611600 77030 77030 STUDENT LOAN INTEREST 611600 69863 69863 163073861 5230699 7298 5223401 82577 82577 265262 267135 -1873 -1873 -63692 61819 160010879 149325387 10685492 10685492 10685492 197431310 163071761 -54294 16053289 75483055 75483055 407671 407671 3415434 1001265 2162370 251799 204774 204774 57098867 46159304 9509955 1429608 548287 425882 107223 15182 6679303 5188149 1306204 184950 4956902 3850273 969372 137257 408686 408686 301795 301795 1009981 1009981 2873019 950645 1895874 26500 3113275 2381574 642206 89495 2304406 1130448 1043698 130260 2442168 1856048 515786 70334 7406052 2022030 5384022 425090 284972 133407 6711 57202 50319 6239 644 2002979 2002979 10949278 10949278 2067081 1723532 302323 41226 STUDENT PROGRAMS 7370022 6922651 445284 2087 FOOD SERVICE 2509833 2471665 34542 3626 MEMBERSHIPS 290885 69887 220198 800 BAD DEBT 180004 1240 178764 0 1466491 344552 1063018 58921 195972540 163674440 29848700 2449400 2916008 3853489 14874580 10063076 12187710 8920270 3766265 2931566 728542 912133 73555 83630 2163959 1446330 348701720 180801762 173368529 167899958 86033226 103847086 164236085 203214124 5153741 4367501 0 7767591 465502200 515306754 13695328 14959778 7202128 6055039 57504730 54864016 20405517 30373051 98807703 106251884 X 119146958 113873878 247547539 295180992 366694497 409054870 465502200 515306754 X 1458770 42796764 -1895161 X 0 1 X 1 1 1 X 10557915 9878503 14413024 17785599 18360554 70995595 10557915 9878503 14413024 17785599 18360554 70995595 8226693 62768902 3307850 4265810 5549741 6291670 5367797 24782868 150939 48913 0 199852 95978315 900441512 0.65400 0.51940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X X 0 225444728 6425553 53904519 3588809 6407943 275778048 192053177 39703619 2127082 2668272 5770878 225444728 184757923 4218243 8337047 2270990 2989046 192053177 175501343 4422241 9742772 1989419 2919014 184757923 160573416 3338597 16465277 1912319 2963628 175501343 0.05184 0.69791 0.25025 0 0 25692258 25692258 18893752 266517243 158843451 126567544 13440634 8138398 5302236 18764153 13819913 4944240 5393680 5393680 167899958 3942937 F 1176531 F OTHER INVESTMENTS 43209 C ASSETS HELD BY OTHERS 1079709 F PRIVATE EQUITY PSHIPS 17133302 F INFLATION HEDGING 22624603 F COMMON TRUST FUNDS 30593370 F GLOBAL EQUITIES 53159285 F FIXED INCOME 73461178 F 203214124 RESERVE FOR ANNUITIES PAYABLE 1112802 REFUNDABLE U.S. GOVT STUDENT LOANS 5215836 LIABILITY FOR TRUSTS PAYABLE 11706790 ASSET RETIREMENT OBLIGATION 1756503 UNEARNED REV - POOLED INCOME FUND 146929 OPERATING LEASE LIABILITIES 5500050 FINANCE LEASE LIABILITIES 1634141 LINE OF CREDIT 3300000 30373051 X 160901088 42796764 42796764 118104324 860503 78466483 79326986 197431310 118733261 0 118733261 860503 76378776 77239279 195972540 PART III, LINE 4: THE UNIVERSITY MAINTAINS A LIMITED COLLECTION OF ART AND HISTORICAL TREASURES TO BE USED FOR ACADEMIC AND RESEARCH PURPOSES AS WELL AS PRESERVING COLLECTION ITEMS FOR FUTURE GENERATIONS. UPON THE ADOPTION OF SFAS 116, THE UNIVERSITY ELECTED TO CAPITALIZE COLLECTION ITEMS PROSPECTIVELY. SUBSEQUENT TO MAKING THE ELECTION, THE UNIVERSITY HAS NOT RECORDED ANY SIGNIFICANT COLLECTION ITEMS. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED FOR SCHOLARSHIPS, EDUCATIONAL ACTIVITIES AND INSTITUTIONAL SUPPORT PURPOSES. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET INCOME FROM UNRELATED BUSINESS ACTIVITIES, AND FILES FEDERAL AND STATE RETURNS TO REPORT UNRELATED BUSINESS INCOME, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THE UNIVERSITY'S MATERIAL TAX POSITIONS; THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED AS OF JUNE 30, 2021 AND 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 75,890,726. ASSOCIATED STUDENT REVENUE 77,030. BOOK/TAX DIFFERENCE FROM K-1 7,298. PLEDGE WRITE OFF 23,900. CHANGE IN ASSET RETIREMENT OBLIGATIONS 2,467,529. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 75,890,726. ASSOCIATED STUDENT EXPENSES 488,050. 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 UNIVERSITY PUBLISHES STATEMENTS THAT THE UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMISSIONS PROCESS IN THE UNIVERSITY CATALOG, ADMISSIONS BROCHURES, APPLICATION FORMS, AND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 GRANTS RECEIVED FROM FEDERAL AND STATE AGENCIES FOR FINANCIAL ASSISTANCE TO STUDENTS. 1 EUROPE 1 1 PROGRAM SERVICES UNDERGRADUATE STUDY ABROAD 468953 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 8104244 EAST ASIA 0 0 GRANTS TO RECIPIENTS IN REGION 127965 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS IN REGION 40000 EUROPE 0 0 GRANTS TO RECIPIENTS IN REGION 161676 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS TO RECIPIENTS IN REGION 21000 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN REGION 23530 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS IN REGION 12500 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN REGION 21000 1 1 0 0 1 1 8959868 21000 8980868 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 5 127965 APPLICATION TO STUDENT ACCOUNT SCHOLARSHIPS SOUTH AMERICA 1 40000 APPLICATION TO STUDENT ACCOUNT SCHOLARSHIPS EUROPE 6 161676 APPLICATION TO STUDENT ACCOUNT SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 1 21000 APPLICATION TO STUDENT ACCOUNT SCHOLARSHIPS SUB-SAHARAN AFRICA 1 23530 APPLICATION TO STUDENT ACCOUNT SCHOLARSHIPS NORTH AMERICA 1 12500 APPLICATION TO STUDENT ACCOUNT SCHOLARSHIPS SOUTH ASIA 1 21000 APPLICATION TO STUDENT ACCOUNT 1 0 1 1 1 0 PART I, LINE 2: NEED BASED AID IS AWARDED BASED ON FEDERAL AND/OR STATE ELIGIBILITY REQUIREMENTS AND INSTITUTIONAL AID IS AWARDED ACCORDING TO INSTITUTIONAL POLICY. AMOUNTS OF AID AWARDED ARE IN COMPLIANCE WITH GOVERNING REGULATIONS OR INSTITUTIONAL POLICY. IN COMPLIANCE WITH TITLE IV REGULATIONS, TOTAL AID FROM ALL SOURCES CANNOT EXCEED NEED OR THE ANNUAL COST OF TUITION, REGARDLESS OF THE LEVEL OF NEED. GRANTS AND SCHOLARSHIPS ARE APPLIED DIRECTLY TO A STUDENT ACCOUNT AND FUNDS ARE NOT DISTRIBUTED DIRECTLY TO STUDENTS. OVERPAYMENT OR CREDIT BALANCES OF STUDENT ACCOUNT BALANCES ARE ANALYZED PRIOR TO DISTRIBUTING REFUNDS TO STUDENTS TO ENSURE THAT GRANTS AND SCHOLARSHIPS ARE PROPERLY AWARDED AND UTILIZED FOR EDUCATIONAL PURPOSES. PART I, LINE 3: THE UNIVERSITY MONITORS FOREIGN EXPENDITURES ON A MONTHLY BASIS. ONCE DURING EACH SEMESTER, THE UNIVERSITY OF REDLANDS TRANSFERS EUROS TO THE FOREIGN OFFICE FOR THE ESTIMATED AMOUNT OF THE FOREIGN OFFICE'S EXPENDITURES FOR THE SEMESTER. AT THE END OF EACH MONTH, THE FOREIGN OFFICE SENDS THE UNIVERSITY A LEDGER OF ACTUAL EXPENDITURES AND A CASH RECONCILIATION FOR THE BANK ACCOUNT. THE UNIVERSITY EVALUATES AND RECONCILES THE FOREIGN ACCOUNT CASH BALANCE AND UPDATES THE GENERAL LEDGER MONTHLY BASED ON THE ACTUAL DATA RECEIVED. AT THE END OF EACH SCHOOL YEAR, THE FOREIGN OFFICE PROVIDES THE UNIVERSITY WITH RECEIPTS AND DOCUMENTATION FOR ALL EXPENDITURES FOR THE YEAR. PART III, COL (C): THE NUMBER OF RECIPIENTS ARE DETERMINED BY STUDENT RECORDS. PART III ACCOUNTING METHOD: 1 UNDERGRADUATE NEED BASED SCHOLARSHIPS 1873 59235354 UNDERGRADUATE MERIT SCHOLARSHIPS 845 16040015 GRADUATE NEED BASED SCHOLARSHIPS 49 207686 PART I, LINE 2: NEED BASED AID IS AWARDED BASED ON FEDERAL AND/OR STATE ELIGIBILITY REQUIREMENTS AND INSTITUTIONAL AID IS AWARDED ACCORDING TO INSTITUTIONAL POLICY. AMOUNTS OF AID AWARDED ARE IN COMPLIANCE WITH GOVERNING REGULATIONS OR INSTITUTIONAL POLICY. IN COMPLIANCE WITH TITLE IV REGULATIONS, TOTAL AID FROM ALL SOURCES CANNOT EXCEED NEED OR THE ANNUAL COST OF TUITION, REGARDLESS OF THE LEVEL OF NEED. GRANTS AND SCHOLARSHIPS ARE APPLIED DIRECTLY TO A STUDENT ACCOUNT AND FUNDS ARE NOT DISTRIBUTED DIRECTLY TO STUDENTS. OVERPAYMENT OR CREDIT BALANCES OF STUDENT ACCOUNT BALANCES ARE ANALYZED PRIOR TO DISTRIBUTING REFUNDS TO STUDENTS TO ENSURE THAT GRANTS AND SCHOLARSHIPS ARE PROPERLY AWARDED AND UTILIZED FOR EDUCATIONAL PURPOSES. X X X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 RALPH KUNCL THRU 0621 PRESIDENT 604751 0 0 0 265699 0 200693 0 24635 0 1095778 0 115000 0 CORY NOMURA THRU 0620 FORMER SR VP FINANCE & ADMIN 241564 0 0 0 173539 0 43563 0 1000 0 459666 0 0 0 KATHY OGREN PROVOST 288051 0 0 0 1219 0 18173 0 31379 0 338822 0 0 0 ANDREW WALL - DEAN SCHOOL OF EDUCATION (THRU 06/20)/FACULTY 262164 0 0 0 270 0 17401 0 21759 0 301594 0 0 0 KEVIN DYERLY VP FINANCE/CFO 245268 0 0 0 8347 0 14619 0 22359 0 290593 0 0 0 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 253824 0 0 0 1188 0 15660 0 15472 0 286144 0 0 0 TAMARA MICHEL VP ADVANCEMENT 244846 0 0 0 414 0 14907 0 9812 0 269979 0 0 0 KENDRICK BROWN THRU 1220 DEAN, COLLEGE OF ARTS AND SCIENCES 225224 0 0 0 270 0 14089 0 15663 0 255246 0 0 0 MICHELLE ROGERS VP ADMINISTRATION 207856 0 0 0 270 0 12573 0 19771 0 240470 0 0 0 BRENT GERATY GENERAL COUNSEL 200740 0 0 0 414 0 12766 0 21517 0 235437 0 0 0 WENDY FARLEY PROFESSOR 195303 0 0 0 515 0 9791 0 25047 0 230656 0 0 0 DONNA EDDLEMAN DEAN, STUDENT AFFAIRS 191741 0 0 0 594 0 12115 0 16183 0 220633 0 0 0 JACK OSBORN EXECUTIVE PROFESSOR 166322 0 0 0 445 0 11080 0 33767 0 211614 0 0 0 DONNA STEVENER ASSOCIATE VP FINANCE 184968 0 0 0 338 0 16425 0 444 0 202175 0 0 0 GEORGE KEITH ROBERTS FORMER DEAN, SCHOOL OF BUSINESS 140597 0 0 0 222 0 8487 0 29 0 149335 0 0 0 CHARLOTTE BURGESS FORMER VP AND DEAN, STUDENT LIFE 123197 0 0 0 143 0 6500 0 876 0 130716 0 0 0 PART I, LINE 1A FOR FLIGHTS THAT EXCEED TWO HOURS IN DURATION, THE PRESIDENT IS APPROVED TO TRAVEL IN BUSINESS CLASS (OR IF NOT AVAILABLE, THEN THE NEXT HIGHER CLASS OF TRAVEL ABOVE COACH). THESE EXPENSES ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE FRINGE BENEFITS. THE PRESIDENT'S SPOUSE IS EXPECTED TO ACCOMPANY THE PRESIDENT ON UNIVERSITY BUSINESS TRAVEL WHERE APPROPRIATE AND THE RELATED TRAVEL EXPENSES ARE NOT A TAXABLE FRINGE BENEFIT. THE UNIVERSITY REQUIRES THE PRESIDENT TO LIVE IN A UNIVERSITY OWNED RESIDENCE. PERSONAL SERVICES PROVIDED TO THE PRESIDENT ARE LIMITED TO CUSTODIAL CLEANING OF THE RESIDENCE. THE PRESIDENT ALSO RECEIVES TAX GROSS-UP PAYMENTS RELATING TO THE PERSONAL USE BENEFIT OF THE RESIDENCE. THE PERSONAL USE VALUE OF THE RESIDENCE IS REPORTED AS A PORTION OF "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II. THE UNIVERSITY PAID COUNTRY CLUB DUES ON BEHALF OF RALPH KUNCL, PRESIDENT, CORY NOMURA, FORMER SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AND KEVIN DYERLY, VP FINANCE/CFO. THE PERSONAL USE PORTION OF THE VALUE OF THE COUNTRY CLUB DUES IS INCLUDED IN REPORTABLE (TAXABLE) COMPENSATION FOR THESE EMPLOYEES ON FORM 990. PART I, LINES 4A-B LINE 4A - CORY NOMURA SEPARATED FROM THE UNIVERSITY JUNE 30, 2020 AND WAS PAID SEVERANCE IN THE AMOUNT OF $162,500 DURING THE YEAR ENDED JUNE 30, 2021. LINE 4B - RALPH KUNCL, PRESIDENT, AND CORY NOMURA, FORMER SENIOR VP FINANCE AND ADMINISTRATION, PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). RALPH KUNCL'S FY 2020-2021 DEFERRED COMPENSATION WAS VESTED AS OF JUNE 30, 2021, UPON RETIREMENT FROM THE UNIVERSITY. CORY NOMURA'S FY 2019-2020 DEFERRED COMPENSATION WAS FORFEITED DUE TO HIS DEPARTURE FROM THE UNIVERSITY EFFECTIVE JULY 1, 2020. DEFERRED COMPENSATION IS SUBJECT TO CONTINUAL EMPLOYMENT THROUGH THE VESTING PERIOD EXCEPT FOR IN THE EVENT OF DEATH OR FULL PERMANENT DISABILITY. CONTRIBUTIONS TO THE 457(F) PLAN FOR KUNCL AND NOMURA IN THE CURRENT YEAR WERE $110,000 AND $25,000, RESPECTIVELY, AND ARE INCLUDED IN "RETIREMENT AND OTHER DEFERRED COMPENSATION" ON SCHEDULE J, PART II. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301784X1 2015-01-07 36031337 SEE PART V 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 571705592 130179GU2 2016-04-01 33959563 SEE PART V 0 0 0 A 9415000 36031337 499548 35531789 2015 1 1 1 1 B 1880000 33959563 440633 33518930 2016 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/17/2020 ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/08/2021 SCHEDULE K, PART I, COLUMN F: DESCRIPTION OF PURPOSE BOND #1: TO REFUND THE 2003 SERIES A AND 2003 SERIES B CEFA REVENUE BONDS AND PARTIALLY ADVANCE REFUND A PORTION OF THE 2005 SERIES A CEFA REVENUE BONDS. BOND #2: TO REFUND THE 2005 SERIES A AND ADVANCE REFUND THE 2008 SERIES A CEFA REVENUE BONDS. X 2800 FMV X 200 FMV X 61 1359217 FMV X 1 633000 APPRAISAL X 1 1415 FMV X MUSICAL INSTRUMENTS 1 12000 FMV X JEWELRY 1 9830 APPRAISAL X ANTIQUE FURNISHINGS 4 4207 FMV X STATIONERY 1 1000 FMV 0 0 1 0 PART I, COLUMN (B): THE QUANTITIES LISTED REPRESENT THE NUMBER OF INSTANCES THAT A CONTRIBUTION OF SUCH PROPERTY WAS RECEIVED. THE NUMBERS DO NOT NECESSARILY REFLECT THE NUMBER OF CONTRIBUTORS OR THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 1: THE UNIVERSITY OF REDLANDS (REDLANDS) IS A PRIVATE, INDEPENDENT UNIVERSITY COMMITTED TO PROVIDING A PERSONALIZED EDUCATION THAT FREES STUDENTS TO MAKE ENLIGHTENED CHOICES. REDLANDS EMPHASIZES ACADEMIC RIGOR, CURRICULAR DIVERSITY, AND INNOVATIVE TEACHING. REDLANDS FOSTERS A COMMUNITY OF SCHOLARS AND ENCOURAGES A PLURALISTIC NOTION OF VALUES BY CHALLENGING ASSUMPTIONS AND STEREOTYPES IN BOTH CLASSES AND ACTIVITIES. A REDLANDS EDUCATION GOES BEYOND TRAINING TO EMBRACE A REFLECTIVE UNDERSTANDING OF OUR WORLD; IT PROCEEDS FROM INFORMATION TO INSIGHT, FROM KNOWLEDGE TO MEANING. WELCOMING INTELLECTUALLY CURIOUS STUDENTS OF DIVERSE RELIGIOUS, ETHNIC, NATIONAL, AND SOCIO-ECONOMIC BACKGROUNDS, THE UNIVERSITY SEEKS TO DEVELOP RESPONSIBLE CITIZENSHIP AS PART OF A COMPLETE EDUCATION. REDLANDS ENCOURAGES A COMMUNITY ATMOSPHERE WITH EXCEPTIONAL OPPORTUNITY FOR STUDENT LEADERSHIP AND INTERACTION. FOR WORKING ADULTS, THE UNIVERSITY OFFERS INNOVATIVE PROGRAMS AT CONVENIENT LOCATIONS AND TIMES. REDLANDS BLENDS LIBERAL ARTS AND PROFESSIONAL PROGRAMS, APPLIED AND THEORETICAL STUDY, TRADITIONAL MAJORS AND SELF-DESIGNED CONTRACTS FOR GRADUATION. SMALL CLASSES ENABLE EACH STUDENT TO PARTICIPATE IN CLASS DISCUSSION, TO WORK CLOSELY WITH PROFESSORS, AND TO RECEIVE EXTENSIVE INDIVIDUAL ATTENTION. REDLANDS REMAINS SENSITIVE TO CONTEMPORARY TRENDS IN SOCIETY AND CHALLENGES STUDENTS TO COMMIT THEMSELVES TO A LIFETIME OF LEARNING. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH RULISON, TRUSTEE AND RALPH KUNCL, PRESIDENT - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE UNIVERSITY AMENDED ITS BYLAWS IN JUNE, 2021 AS FOLLOWS: 1) ARTICLE III, SECTION 4, SELECTION AND TERM OFFICER A TRUSTEE WHO HAS SERVED THREE FULL TERMS SHALL BE ELIGIBLE TO BEGIN SERVING A NEW THREE-YEAR TERM AFTER A ONE YEAR ELAPSE. 2) ARTICLE III, SECTION 7, LIFE TRUSTEE A QUALIFYING TRUSTEE MAY BE GRANTED THE HONORARY TITLE OF LIFE TRUSTEE. THIS HONORIFIC IS A LIFETIME DESIGNATION UNLESS OTHERWISE RESCINDED BY THE BOARD OR RELINQUISHED BY THE RECIPIENT AND IS A NON-VOTING POSITION ON THE BOARD. 3) ARTICLE III, SECTION 22B, NOMINATING COMMITTEE COMPOSITION - IN THE EVENT THAT THERE ARE ONLY TWO FORMER CHAIRPERSONS WHO HAVE AGREED TO SERVE ON THE NOMINATING COMMITTEE, THOSE TWO SHALL AGREE ON THE APPOINTMENT OF A THIRD MEMBER; IF THERE ARE FEWER THAN TWO FORMER CHAIRPERSONS WHO HAVE AGREED TO SERVE ON THE NOMINATING COMMITTEE, THE EXECUTIVE COMMITTEE SHALL APPOINT ADDITIONAL MEMBERS SO THAT THE NOMINATING COMMITTEE IS COMPRISED OF AT LEAST THREE MEMBERS, NONE OF WHOM SHALL BE ELIGIBLE FOR CONSIDERATION AS THE NEXT CHAIRPERSON. 4) ARTICLE V, SECTION 1, OFFICER - THE SECTION WAS AMENDED TO UPDATE THE TITLE FROM VICE PRESIDENT FOR FINANCE AND ADMINISTRATION TO CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY UNIVERSITY MANAGEMENT, LEGAL COUNSEL AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE FORM 990 RETURN. THE FINAL COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE IS ANNUALLY DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR ADMINISTRATIVE PERSONNEL TO DETERMINE RELATED PARTY/CONFLICT OF INTEREST DISCLOSURES. QUESTIONNAIRE RESPONSES ARE REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES TO DETERMINE IF ANY POTENTIAL CONFLICTS EXIST. FOR ANY IDENTIFIED CONFLICTS, THE BOARD EXPLICITLY REQUIRES THAT THE RELATED PARTY ENTER INTO A BOARD APPROVED CONFLICT MANAGEMENT PLAN TO ENSURE NO CONFLICT OF INTEREST IS PERCEIVED. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS ESTABLISHED ANNUALLY BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE UNIVERSITY UTILIZED AN INDEPENDENT COMPENSATION FIRM TO COMPLETE AN EXECUTIVE COMPENSATION STUDY. COMPARATIVE SALARY AND BENEFIT INFORMATION WAS REVIEWED TO ESTABLISH THE APPROPRIATE LEVEL OF EXECUTIVE COMPENSATION. EXECUTIVE COMPENSATION WAS REVIEWED AND APPROVED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION DELIBERATION AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSOCIATED STUDENT REVENUE/EXPENSES 411,020. BOOK/TAX DIFFERENCE FROM K-1 -7,298. PLEDGE WRITE OFF -23,900. CUMULATIVE CHANGE IN ACCOUNTING PRINCIPLE 192,546. CHANGE IN ASSET RETIREMENT OBLIGATIONS -2,467,529. REDLANDS PROPERTY MANAGEMENT INC PO BOX 3080 REDLANDS CA 92373 330423448 TITLE HOLDING CA 0 0 UNIVERSITY OF REDLANDS REDLANDS PROPERTY MANAGEMENT TRUST PO BOX 3080 REDLANDS CA 92373 336089947 TITLE HOLDING CA 0 0 UNIVERSITY OF REDLANDS ZANJA LLC PO BOX 3080 REDLANDS CA 92373 951643389 TITLE HOLDING CA 0 0 UNIVERSITY OF REDLANDS ALEXANDER MONTGOMERY FOUNDATION 1200 EAST COLTON AVENUE PO BOX 3080 REDLANDS CA 923730999 813850170 RECEIVED DONATIONS FOR SFTS PRIOR TO MERGER CA 501(C)(3) LINE 12A, TYPE I UNIVERSITY OF REDLANDS 1 POOLED INCOME FUND (1) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 CHARITABLE REMAINDER UNITRUSTS (7) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 CHARITABLE REMAINDER TRUSTS (3) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 CHARITABLE REMAINDER ANNUITY TRUST (1) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0