2022-03-18T14:01:10-05:00 2021-06-30 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2020-07-01 941279803 William Jessup University WILL 9165772200 2121 University Avenue Rocklin CA 95765 Diane Ahn CFO 9165772200 2022-03-18 1 Diane Ahn 999009999 Ted R Batson Jr P00721951 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z John Jackson 2121 University Avenue Rocklin CA 95765 61982742 0 X www.jessup.edu X 1945 CA Christ-centered university offering degrees via traditional, continuing and online platforms. 11 9 871 80 0 0 14233393 12507621 49372814 47208606 230379 611851 -77835 -13294 63758751 60314784 16943099 15930063 0 0 20684546 21777641 20375 0 2258969 16737097 16807260 54385117 54514964 9373634 5799820 119325308 122894462 87339448 84439258 31985860 38455204 X In partnership with the Church, the purpose of William Jessup University (WJU) is to educate transformational leaders for the glory of God. 0 0 41689520 15694016 39627433 UNDERGRADUATE AND ONLINE EDUCATION: WJU enrolls more than 1,800 students in its undergraduate and graduate programs with an integrated Biblical foundation in each program. Each undergraduate program is founded on a solid liberal arts core and intentionally designed to foster a student's spiritual development. With more than 30 degree programs, WJU has a variety of concentrations and specializations from which students may choose. Experiential and co-curricular learning opportunities are a hallmark of the traditional undergraduate programs as our internship opportunities and work preparedness courses assist students in school-to-work transitions. The growth of online options and programs now includes students across all degree platforms with 10 fully online degree programs. UNDERGRADUATE AND ONLINE EDUCATION (CONTINUED)Majors include Business, Psychology, Criminal Justice, Leadership, English, History, Music, Theater, Visual and Fine Arts, Digital Communication & Design, Liberal Studies & Credentialing, Public Policy, Biblical Studies, Theology, Biology, Kinesiology, Math, Aviation, Computer Science, and Youth Ministry. Jessup also offers three associate degrees and certificate programs in Addiction Studies and Project Management.William Jessup provides a holistic educational experience for its residential and commuter students. The University Learning Commons provides entry level and continuing educational support services for special needs and at-risk students through a team of academic specialists, advisors, and tutors. 2934508 158854 6073995 GRADUATE EDUCATION:WJU offers a growing array of high-quality graduate degrees, each designed to offer an advanced-level educational experience taught by highly qualified faculty who share personal concern for each student's spiritual development and personal well-being. Current offerings include a Master of Accountancy, MA in Teaching, MBA, an International MBA, MS in Computer Science, MA in Education, MA in Counseling Psychology, an online program for the MBA, MA in Leadership with a concentration in Christian Ministry, and MS in Kinesiology. Jessup is selectively building high-quality graduate degrees that serve student interests and marketplace demands based on the core academic strengths of its programs and faculty.GRADUATE EDUCATION (CONTINUED)Both thesis-based and professional degree programs provide opportunities for critical thinking, speaking, and writing with the goal of preparing knowledgeable and highly qualified graduates who may pursue additional graduate study and/or professional careers. Internship opportunities and experiential learning emphases provide students with hands-on opportunities to promote their professional development.New graduate degrees under exploration include healthcare, social work, and theology. 2026759 77193 1507178 ADULT DEGREE COMPLETION:WJU's Adult Degree Completion (ADC) programs are customized to serve working adult students in a course of study that is convenient, flexible, and relevant to their personal and professional goals. Accelerated courses are offered in the evenings and weekends at all of Jessup's campuses (Rocklin and San Jose as well as a teaching site in Elk Grove). The ADC pedagogy is built to serve high-context adult learners who bring a wide range of work and life skills, gifts, and abilities into the classroom. ADULT DEGREE COMPLETION (CONTINUED)Expert faculty who are selected and appointed for their academic expertise, professional experience, missional fit, and ability to teach in an accelerated adult classroom, capitalize on the adult learner's training and experience to help them grow in their expert knowledge of the subject matter as well as the ability to think, write, read, and speak well. The ADC educational experience seeks to bring the world of work into the classroom and take the knowledge and experience of the classroom back into their respective work situations.Fostering a student's passion for knowledge, professional growth and development, and matters of personal faith and spiritual formation reflects the spirit of Jessup's adult degree completion programs in Business Administration, Psychology, and Leadership. 46650787 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 2143 0 1 871 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 11 9 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CA CO DC MA MD MI NH NV NY OH OK OR SC WA WI X Diane Ahn 9165772200 2121 University Avenue Rocklin CA 95765 X John Jackson President/Trustee 40.00 X X 239126 0 154539 Clifford Daugherty Chairman 1.00 X 0 0 0 Bonnie Gore Vice Chair 1.00 X 0 0 0 Steven Olds Treasurer 1.00 X 0 0 0 Edward Lee Secretary 1.00 X 0 0 0 Laura Chiappe Trustee 1.00 X 0 0 0 Chris Mann Trustee 1.00 X 0 0 0 Bob Robert Reeve Trustee 1.00 X 0 0 0 Jennifer Silva Griffin Trustee 1.00 X 0 0 0 Paul Edwards Trustee 1.00 X 0 0 0 Rick K Pickering Trustee 1.00 X 0 0 0 Diane Ahn VP of Finance/CFO 40.00 X 108467 0 11615 Judy Rentz VP of Operations/COO 40.00 X 187035 0 1932 Ahmad Shaar Director of Academics, Associate Professor 40.00 X 163178 0 7460 Scott Fera General Counsel & Special Projects 40.00 X 144416 0 21254 Kay Llovio VP for Educational Effectiveness, Dean/School of t 40.00 X 133382 0 11918 Stephen Strombeck Dean/School of Business, Professor 40.00 X 123568 0 21718 1099172 0 230436 11 0 1 0 Bon Appetit 100 W Temple St Los Angeles CA 900740196 Food Services 1479376 Global Education Group LLC 1611 East 2nd St 51 Casper WY 82601 Tuition Sharing 1413899 Bethel School of Technology 4712 Mountain Lakes Blvd Redding CA 96003 Tuition Sharing 864601 Clean It Janitorial Services LLC 10408 Fair Oaks Blvd Fair Oaks CA 95628 Janitorial Services 393393 Westfall Group Inc PO Box 81712 Atlanta GA 30366 Fundraising Consultant 227147 9 99736 9483094 2924791 379422 12507621 Traditional Education 611710 39627433 39627433 Graduate Program 611710 6073995 6073995 Adult Degree Program 611710 1507178 1507178 47208606 152060 152060 2096122 1632173 4158 463949 -4158 459791 459791 18333 99736 31627 -13294 -13294 60314784 47208606 0 598557 10000 10000 15920063 15920063 637782 126184 259230 252368 263786 192022 135 71629 17682306 15524154 923023 1235129 34307 29659 3062 1586 1983700 1335733 644528 3439 1175760 1046498 63939 65323 9673 9673 67825 67825 16040 16040 32846 32846 2005243 1751393 142599 111251 1140638 995841 144797 1996942 1196411 597170 203361 414985 76981 321401 16603 2692780 2455472 218053 19255 458476 426490 2564 29422 46539 35623 3954 6962 3479509 3131558 313156 34795 2809266 2528339 252834 28093 282670 93427 189243 Bad Debt 524518 524518 Academic Tools 358830 352395 516 5919 Student Activities 214894 212350 121 2423 Staff Development 136229 106517 14433 15279 119357 99518 8504 11335 54514964 46650787 5605208 2258969 3011 760705 13859806 11642180 1030733 4582074 743860 664726 80000 15000 238619 14804 14241 731905 1190597 123293208 25309291 98552817 97983917 4026400 5330427 281972 471976 119325308 122894462 4378765 5119802 1670930 2574815 75540806 74290212 528277 444385 5220670 2010044 87339448 84439258 X 25839021 31685408 6146839 6769796 31985860 38455204 119325308 122894462 X 5799820 453486 216038 X 0 1 X 1 1 1 X 3934719 5805390 2422590 14435641 12507621 39105961 3934719 5805390 2422590 14435641 12507621 39105961 10460783 28645178 132853 161337 211284 247034 152060 904568 78707 83526 74185 41037 18333 295788 40306317 224744350 0.71070 0.60360 X Schedule A, Part II, Line 10, Explanation of Other Income: Gross Fundraising Event Fees - 2016 Amount: $ 78,707. 2017 Amount: $ 83,526. 2018 Amount: $ 74,185. 2019 Amount: $ 41,037. 2020 Amount: $ 18,333. 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 the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, 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 16040 16040 0 Part II-B, Line 1: Annual membership and advocacy fees paid to organizations that lobby against legislation that would be detrimental to California Christian universities. 0 1 X 4222136 430054 1005106 149485 5507811 3672873 669438 6176 126351 4222136 3449105 158952 192889 128073 3672873 3026478 315938 200791 84854 9248 3449105 2688813 137647 269568 69550 3026478 1.00000 0 0 14538533 23053375 37591908 74102053 15897853 58204200 10951593 9295134 1656459 647654 116304 531350 97983917 45804954 453486 247665 701151 45103803 32846 15178135 15210981 60314784 39335610 31627 31627 39303983 32846 15178135 15210981 54514964 Part IV, Line 2b: Custodial accounts payable are prepaid tuition amounts held for students. Part V, Line 4: The endowment was established to fund student scholarships. 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 Part XI, Line 2d - Other Adjustments: Fundraising Event Expenses 31,627. Change in value of beneficial interest in trusts 216,038. Part XI, Line 4b - Other Adjustments: Student aid netted with revenue per financial statements 15,178,135. Part XII, Line 2d - Other Adjustments: Fundraising events 31,627. Part XII, Line 4b - Other Adjustments: Student aid netted with revenue per financial statements 15,178,135. 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 Catalogue and Application state that "William Jessup University admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the University. It does not discriminate on the basis of race, color, national and ethnic origin, age, gender, or physical handicap in the administration of its educational policies, employment practices, admissions requirements, or scholarship and loan programs." The University publishes its nondiscriminatory policy on the homepage of its website and includes it on the admissions application. Schedule E, Part I, Line 6 Federal financial aid funds are received from the U.S. Department of Education under the authority of Title IV of the higher education act. The student financial assistance programs offered by the institution are the College Work Study program (FWS), Supplemental Educational Opportunity Grant program (SEOG), Pell Grant program (PELL), and the Federal Direct Student Loan program. The University also received Higher Education Emergency Relief Funds (HEERF). These programs are administered by the institution in accordance with guidelines established by the U.S. Department of Education. In FYE 6/30/21, William Jessup University had its PPP Loan forgiven and accrued an amount for the Employer Retention Credit from the Department of the Treasury. University Fund Dinner 75691 75691 1588 1621 83 21176 Warrior Golf Classic 34649 16316 18333 487 5052 1620 1 7729 7729 118069 99736 18333 2075 6673 83 22796 31627 -13294 1 Harvest International Ministry 2555 E Colorado Street Pasadena CA 91107 611817142 501(c)(3) 10000 Operating support 1 0 Scholarships 1219 15178135 HEERF Assistance 52 741928 Part I, Line 2: The financial aid office at William Jessup University requires students to complete the Free Application for Federal Student Aid (FAFSA) form to determine eligibility for Federal, State, and institutional grants, scholarships, and loans. This is an equitable formula that measures all assets consistently. Enrollment and eligibility are monitored by the University. Financial aid awarded is applied directly to student accounts, and no cash changes hands. Occasional grants are awarded to 501(c)(3) organizations that support education and whose exempt purpose are consistent with the University's mission. X 1 1 X X 0 0 0 0 0 0 0 1 0 John Jackson President/Trustee 141803 0 30617 0 66706 0 23986 0 131272 0 394384 0 0 0 Judy Rentz VP of Operations/COO 181385 0 4750 0 900 0 1932 0 719 0 189686 0 0 0 Ahmad Shaar Director of Academics, Associate Pro 125170 0 500 0 37508 0 0 0 7864 0 171042 0 0 0 Scott Fera General Counsel & Special Projects 141916 0 2500 0 0 0 0 0 21952 0 166368 0 0 0 Part I, Line 1a Because the University is a 501(c)(3) organization under IRS statute, and because the President and other staff members are ordained ministers, the board may designate a portion of their compensation as a housing allowance. Such designations are approved in advance and recorded in the Board minutes as required by IRS regulations. Pusuant to Internal Revenue Code Section 107, the ministerial housing allowance is not inlcuded in taxable compensation. The people whom received the housing allowance are below: J. Jackson Part I, Line 7 John Jackson, President received $58,906 in loan forgiveness. This was a discretionary amount approved by the board and included in his taxable income. In addition, employees received non-fixed discretionary payments in the form of COVID stipends for their efforts in helping the University pivot operations during the pandemic. These amounts were recommended by HR and approved by Executive Leadership. A California Municipal Finance Authority 201563466 13048VJF6 2019-05-08 78905343 Refunding issue of taxable bonds 6/24/2014 and 5/26/2015 0 0 0 A 2065000 78905343 4807153 1155770 4000000 69037573 2019 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: California Municipal Finance Authority Date the Rebate Computation was Performed: 06/30/2019 Form 990, Schedule K, Part II, Line 3: Aggregate investment earnings in the amount of $95,152 were added to the issue price of $78,905,343 resulting in total proceeds of issue in the amount of $79,000,495. John Jackson President and Trustee Home Loan X 100000 15000 0 1 1 15000 Derek Martin Family relationship with John Jackson, President 79290 Wages and other benefits 0 Jennifer Martin Family relationship with John Jackson, President 81917 Wages and other benefits 0 Dawn Pickering Family relationship with Rick Pickering, Trustee 17488 Wages 0 James Jessup Family relationship with William Jessup, Founder 71629 Wages and other benefits 0 0 X 6000 Cost X 1 15000 Appraisal X 4 37422 Proceeds from sale X 1 310000 Appraisal X Music equipment 1 10000 Cost X Lab equipment 1 1000 Cost 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, Section A, line 1 The organization has an Executive Committee that has the broad authority to act on behalf of the full board. The Executive Committee consists of the Chairman, Vice Chairman, Secretary, Treasurer, President, and 2 Trustees. Form 990, Part VI, Section A, line 2 Clifford Daugherty, Chairman and Jennifer Silva Griffin, Trustee have a business relationship. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990, with Schedule B redacted, is then forwarded to the board before it is filed. Form 990, Part VI, Section B, line 12c The board expects of itself and its members ethical and businesslike conduct. Board members and Officers must represent unconflicted loyalty to the interests of the entire organization, superseding any conflicting loyalty such as that to advocacy or interest groups and membership on other boards or staffs. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. To ensure the University operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, annual reviews are conducted. Form 990, Part VI, Section B, line 15 The executive committee is tasked with the annual performance review and compensation recommendations for the University President. The Board of Trustees shall fix the salary of the President and may fix the salaries of other employees of the Corporation including the other officers. If the Board does not fix the salaries of the other officers, the President shall fix such salaries. The reasonableness of compensation is determined annually using a compensation study for all positions within the University. The board-approved compensation is documented by the Board Chair and notice sent to the Human Resources Department. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part VII 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. Form 990, Part XI, line 9: Change in value of beneficial interest in trusts 216,038. Irrevocable Perpetual Trusts (1) Hold assets and remit income to University CA William Jessup University 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Irrevocable perpetual trust C