2022-03-31T10:28:44-05:00 2021-06-30 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2020-07-01 951644035 Point Loma Nazarene University POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 Joseph D LaLuzerne VP of Finance 6198492200 2022-03-31 1 Joseph LaLuzerne 999009999 Ted R Batson Jr P00721951 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Robert Brower 3900 Lomaland Drive San Diego CA 92106 157519339 0 X www.pointloma.edu X 1918 CA Non-profit Christian university. 24 22 2140 23 0 0 8797534 16661712 140568278 138569173 1857064 2101718 -8707 96833 151214169 157429436 35717814 37587867 0 0 69905460 68926697 0 0 1565835 38702279 37524782 144325553 144039346 6888616 13390090 199779876 230972693 70294888 88291706 129484988 142680987 X See Schedule OPoint 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. We aspire to be a learning community where grace is foundational, truth is pursued, and holiness is a way of life. 0 0 67347810 37587867 126761076 Instructional activities, including student aid, prepare students to address the complex issues facing our world today with integrity and forward thinking. PLNU graduates enter the workforce prepared to influence our world for good. PLNU serves more than 4,600 students offering more than 50 undergraduate areas of study and 12 graduate programs throughout Southern California. 28228565 11284659 Student Services enriches the student experience and resources like the Offices of Strengths and Vocation, the Wellness Center, Outdoor Leadership and Recreation, Spiritual Development, and Student Financial Services. 18341217 523438 Academic Support bolsters PLNU students' academic experience through resources like the Tutorial Center, PLNU's Ryan Library, Information Technology Services, and Media and Technology. 113917592 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 0 0 1 5573 0 1 2140 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 22 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 President 40.00 1.00 X X 366386 0 43520 Douglas Pierce Chair 1.00 1.00 X X 0 0 0 Rick Power Vice Chair 1.00 X X 0 0 0 Mary Leland Secretary 1.00 X X 0 0 0 Steven R Scott Trustee 1.00 X 0 0 0 Jan Stone Trustee 1.00 X 0 0 0 Larry Fry Trustee 1.00 X 0 0 0 Jose Hernandez Trustee 1.00 X 0 0 0 John Nells Trustee 1.00 X 0 0 0 Kimberly Cullumber-Alexander Trustee 1.00 X 0 0 0 Rob Songer Trustee 1.00 X 0 0 0 Mendell Thompson Trustee 1.00 1.00 X 0 0 0 Kordell Kekoa Trustee 1.00 X 0 0 0 Daryl C Nicholson Trustee 1.00 1.00 X 0 0 0 Matt Robertson Trustee 1.00 X 0 0 0 Nell Becker Sweeden Trustee 1.00 X 0 0 0 Gary Smee Trustee 1.00 1.00 X 0 0 0 Dan Spaite Trustee 1.00 X 0 0 0 Ken Baruth Trustee 1.00 X 0 0 0 Rene Bravo Trustee 1.00 X 0 0 0 Moises Champo Trustee 1.00 X 0 0 0 Lawrence Lacher Trustee 1.00 X 0 0 0 Dan Chung Trustee 1.00 X 0 0 0 Steve Swartz Trustee 1.00 X 0 0 0 Joseph D LaLuzerne VP of Finance 40.00 1.00 X 193796 0 54369 George Latter VP of Finance (Part Year) 40.00 X 29164 0 5173 Kerry Fulcher Provost 40.00 X 213272 0 57307 Alison Reaser Chief Economist 40.00 X 265170 0 29218 Kelly Smith VP of University Advancement 40.00 1.00 X 176274 0 56159 Catherine Smith VP of Student Dev. 40.00 X 173990 0 26679 Corey Fling Chief Information Officer 40.00 X 157718 0 36156 Dan Bothe School Dean 40.00 X 152719 0 28746 1728489 0 337327 78 0 1 0 Sodexo PO Box 360170 Pittsburgh PA 15262 Cafeteria Contractor 2801401 Red Door Interactive Inc 350 10th Avenue Ste 100 San Diego CA 92101 Media Contractor 1306531 Workday Inc PO Box 396106 San Francisco CA 94139 ERP Software/Services 772942 DxTerity Diagnostics 19500 S Rancho Way Ste 116 Rancho Domingo CA 90220 Laboratory Testing 643500 Lightwerks 701 E Gardena Blvd Gardena CA 90248 Audio visual services 635750 58 124375 2005491 14531846 733365 16661712 Tuition and fees 611710 126761076 126761076 Auxiliary revenue 611710 11284659 11284659 Other program revenue 611710 523438 523438 138569173 1288446 1288446 870446 57174 813272 813272 813272 129562 124375 32729 96833 96833 157429436 138569173 0 2198551 43842 43842 37544025 37544025 947435 471291 476144 91082 91082 52403860 39227623 12145396 1030841 2942861 2211162 670653 61046 7987386 5339100 2491345 156941 4554073 3111939 1374853 67281 214351 30361 183466 524 96350 96350 39017 39017 3444786 1782394 1654461 7931 2076033 1917655 134754 23624 2276018 1375915 842173 57930 2746574 669669 1978420 98485 7992410 7555554 435429 1427 445765 295011 144110 6644 37878 31690 5901 287 1884505 291964 1592541 7301397 7301397 1344535 153499 1190366 670 Cafeteria Contractor 3621435 3513079 108356 Equipment 884904 183149 676548 25207 Equipment Rental 239528 41774 197754 2879296 734417 2117882 26997 144039346 113917592 28555919 1565835 26300449 8901878 7527756 31259744 3724083 5250207 4076675 3743299 1002012 922466 1453466 1674529 210640457 80133494 111353649 130506963 41477175 41744277 2521352 2310051 343259 4659279 199779876 230972693 7209466 10652614 7836616 8070316 41736169 56228428 1600844 1441930 11911793 11898418 70294888 88291706 X 123512606 136727072 5972382 5953915 129484988 142680987 199779876 230972693 X 13390090 -269558 75467 X 0 1 X 1 1 1 X 5748838 4871806 5953545 8797534 16661712 42033435 5748838 4871806 5953545 8797534 16661712 42033435 1743182 40290253 764880 1411633 1749082 1890927 1288446 7104968 12828 15859 16474 129562 174723 49313126 690471307 0.81700 0.80910 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising Event Fees - 2017 Amount: $ 12,828. 2018 Amount: $ 15,859. 2019 Amount: $ 16,474. 2020 Amount: $ 129,562. Schedule A, 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 that the School qualifies 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 1759 1759 0 Part II-B, Line 1: The University is a member of the Association of Independent California Colleges and Universities. 10% of the membership fees paid go towards lobbying efforts. 61666559 2118683 8128852 874730 790265 70249099 61089032 1668019 461113 697203 854402 61666559 61133217 2950788 -569037 730399 1695537 61089032 55740428 3676193 2744985 1028389 61133217 51408918 1506170 3773586 948246 55740428 0.45027 0.54973 0 1 1 3286464 3286464 182800204 64842833 117957371 17667276 12765411 4901865 6886513 2525250 4361263 130506963 Payable to related exempt organization 11899924 Charitable trusts and annuities payable -1506 11898418 Part V, Line 4: Endowment funds are held by Point Loma Nazarene University Foundation, a related tax-exempt organization. The endowment funds are maintained to provide scholarships and support the general operations of the Foundation and University. Form 990, Schedule D, Part V, Lines 2a - 2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 06/30/2021. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Published annually in The San Diego Union-Tribune. Schedule E, Part I, Line 6 The University receives funding from the federal government and as a result is required to comply with various regulations related to those funding programs. In FYE 6/30/21, the University received Higher Education Emergency Relief Funding (HEERF) from the U.S. Department of Education. CJR Hope Rising 220187 101145 119042 21535 Mens Basketball Golf Outing 21250 15730 5520 165 1821 1 12500 7500 5000 1308 7900 253937 124375 129562 1473 31256 32729 96833 1 Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 501(c)(3) 43842 Scholarships 1 0 Student Scholarships/Awards 3531 37544025 Part I, Line 2: The University awards grants, scholarships, and student loans based on various predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. Amounts are applied directly to student accounts, and no cash changes hands. 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 X 1 1 X X X X 0 0 0 0 0 0 0 1 0 Robert Brower President 352581 0 153 0 13652 0 22800 0 21431 0 410617 0 0 0 Alison Reaser Chief Economist 217972 0 153 0 47045 0 18732 0 11293 0 295195 0 0 0 Kerry Fulcher Provost 212850 0 151 0 271 0 17169 0 40779 0 271220 0 0 0 Joseph D LaLuzerne VP of Finance 193645 0 151 0 0 0 15563 0 39310 0 248669 0 0 0 Kelly Smith VP of University Advancement 176078 0 151 0 45 0 14377 0 42334 0 232985 0 0 0 Catherine Smith VP of Student Dev. 173641 0 151 0 198 0 14126 0 13220 0 201336 0 0 0 Corey Fling Chief Information Officer 157537 0 151 0 30 0 13274 0 23459 0 194451 0 0 0 Dan Bothe School Dean 139266 0 151 0 13302 0 12633 0 16723 0 182075 0 0 0 Part I, Line 1a The University provides housing for the Chief Economist. This housing is paid for directly by the University and is treated as taxable wages included in reportable compensation. The University reimburses the President for the cost of house cleaning or landscaping expenses when his residence is used for University business. Part I, Line 7 Discretionary bonuses were awarded to employees based on their full time equivalency. These bonsues were approved by the Board. A California Municipal Finance Authority 201563466 2020-08-27 64837500 Fixed rate loan - Refinance of the 5/1/14 Bonds 0 0 0 A 64837500 278758 15162500 42008297 7387945 2018 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 DRC Partners Trustee Daryl Nicholson owns more than 35% of DRC Partners. Business loan for purchase of property to be used as extension campus X 5000000 3743299 0 1 1 3743299 Alisha Brower Family of Robert Brower, President 45476 W2 Employee 0 DRC Partners Trustee Daryl Nicholson is a partner of DRC Partners 605735 Rental payment for space leased to PLNU netted with interest payments from DRC Partners 0 Kenny Ortega Family of Kerry Fulcher, Provost 34599 W2 Employee 0 Schedule L Part II, Explanation of loan to DRC Partners: During the tax year ended 6/30/2015, the University made a $3,500,000 loan to DRC Partners. There was no similar loan in prior years. Legal counsel was consulted during the formation of the loan. In February 2017 this loan was increased to $5,000,000. X 6 710500 Appraisal X 1191 Cost X 1417 Cost X 6 57174 Sales price X 1 160 Cost X Research equipment 1 1270 Appraisal X Personal care items 2 922 Cost X Gift Card/Baskets 10 730 Cost 5 1 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Part I, Line 30b: The University received several paintings that are required to be held for three years before being sold. Form 990, Part VI, Section A, line 1 The governing board has an Executive Committee which, with several specific exceptions, has the authority to act for the board on all matters should the Executive Committee determine that it would be imprudent to wait for the next board meeting to take action. The committee is composed of the chairs of the standing committees (except for the audit and risk management committees), the University President, the President of the PLNU Foundation, and the officers of the board (the Chair, Vice Chair, and Secretary.) The board, through its policy manual and various adopted resolutions, has delegated specific levels of responsibility and authority to the University President in order to enable him and others at the University to make timely operational decisions. The President works with an administrative cabinet that has been hired by the President and approved by the board in carrying out his delegated responsibilities and in operating the University on a day to day basis. The administrative cabinet is composed of the University President, the Vice President of Finance and Administration, the Vice President for Spiritual Development, the Vice President for Student Development, the Vice President for University Advancement, the Vice President of University Services, and the Provost. The only individual who also serves as a member of the governing body is the University President. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm, reviewed in detail 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, as well as officers and key employees. The statements are reviewed by the Chairman of the Audit Committee of the Board of Trustees. The finance team also monitors all transactions for potential conflicts of interest. 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 Each year at the spring board meeting of the University's Board of Trustees, the Executive Committee of the board 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 Executive Committee takes action to set the salaries of the President and Administrative Cabinet for the following year, subject to approval of the full board, 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 XI, line 9: Adjustment to swap agreement liability 75,467. Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 Support Point Loma Nazarene University CA 501(C)(3) Line 12a - Type I Point Loma Nazarene University 1 Charitable Remainder Trust (3) Hold assets and remit income to University CA Point Loma Nazarene University 1 Charitable Remainder Unitrust (4) Hold assets and remit income to University CA Point Loma Nazarene University 1 Pooled Income Fund (4) Hold assets and remit income to University CA Point Loma Nazarene University 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Point Loma Nazarene University Foundation B Point Loma Nazarene University Foundation N Point Loma Nazarene University Foundation O