2022-05-12T18:27:38-05:00 2021-06-30 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2020-07-01 941312349 Corban University CORB 5033757020 5000 Deer Park Drive SE Salem OR 97317 Patricia Shelton VP for Business 5033757020 2022-05-12 1 Patricia Shelton 999009999 Ted R Batson Jr P00721951 5055022746 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Thomas Cornman 5000 Deer Park Drive SE Salem OR 97317 43496437 0 X www.corban.edu X 1935 OR Equip men and women to bring CHARACTER to their communities and COMPETENCE to their careers. 23 21 657 110 0 0 4376067 5044268 37572430 35460954 200978 343741 148800 106867 42298275 40955830 16795219 17259002 0 0 11766910 12203799 121208 0 831024 9163983 8347900 37847320 37810701 4450955 3145129 23786515 26227993 10876500 9961426 12910015 16266567 Corban University's goal is to equip men and women who will bring CHARACTER to their communities and COMPETENCE to their careers, all to the glory of CHRIST. 0 0 29019687 17259002 29508344 Tuition and fees used to provide over 50 undergraduate, graduate, and doctoral programs, both on campus and online to approximately 1,200 students. Each program combines academic excellence with Christian principles and purpose, integrating a biblical worldview in every class. 2334712 5952610 To provide on-campus student housing and food services for over 450 students annually. 31354399 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1808 0 1 657 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X Patricia Shelton 5033757020 5000 Deer Park Drive SE Salem OR 97317 Mark Hanke Trustee, Adjunct Professor 1.00 X 600 0 0 James Carlson Chairman 3.00 X X 0 0 0 Patty Roth Trustee 1.00 X 0 0 0 Karen Avinelis Trustee 1.00 X 0 0 0 Tim Baker Trustee (part year) 1.00 X 0 0 0 Douglas Beals Trustee 1.00 X 0 0 0 Jerry Cudney Trustee 1.00 X 0 0 0 Lakecia Gunter Trustee (part year) 1.00 X 0 0 0 Deanna Gardiner-Garcia Trustee 1.00 X 0 0 0 Patti Garrido Trustee 1.00 X 0 0 0 Craig Hardinger Trustee 1.00 X 0 0 0 Rod Hoff Trustee 1.00 X 0 0 0 Curtis Horton Trustee 1.00 X 0 0 0 Kellen Luey Trustee 1.00 X 0 0 0 Paul Martin Trustee 1.00 X 0 0 0 Donn Mogford Trustee 1.00 X 0 0 0 David Nicholas Trustee 1.00 X 0 0 0 Paul Null Trustee 1.00 X 0 0 0 Wayne Riehle Trustee (part year) 1.00 X 0 0 0 Jo Sherman Trustee 1.00 X 0 0 0 Scott Sherman Trustee 1.00 X 0 0 0 Richard Whipps Trustee 1.00 X 0 0 0 James White Trustee 1.00 X 0 0 0 Ryan Dempster Trustee 1.00 X 0 0 0 James Gleason Trustee 1.00 X 0 0 0 Valerie Webb Trustee 1.00 X 0 0 0 Sheldon Nord President 40.00 X 264915 0 30797 Tom Cornman Provost 40.00 X 152967 0 38063 Steve Sammons Vice President Strategic Initatives 40.00 X 126154 0 35115 Brenda Roth Vice President for Student Life 40.00 X 105645 0 18041 Denise Wendler Assoc VP Finance/Controller 40.00 X 98273 0 894 Bryce Bernard Professor of Business 40.00 X 109403 0 31274 857957 0 154184 5 0 1 0 Aramark Corporation 27310 Network Pl Chicago IL 60673 Food services 1783173 A-Game Courts 10805 River Rd NE Gervais OR 97026 Gymnasium Floor Construction 155640 Capture LLC 2303 River Rd Ste 201 Chicago IL 60673 Marketing consulting 137510 Frey Resource Group 10117 SE Sunnyside Rd F128 Clackamas OR 97015 Grant writing 121208 4 3268 1919744 3121256 956733 5044268 Tuition and Fees 611310 28781081 28781081 Auxiliary Services 611310 5952610 5952610 727263 727263 35460954 125822 125822 91794 0 91794 91794 91794 2000000 749974 1664621 867434 335379 -117460 217919 217919 23625 3268 8552 15073 15073 40955830 35460954 0 450608 17259002 17259002 924088 763231 160857 65524 65524 9107353 6744368 2085241 277744 8588 6570 1618 400 1433274 1072013 319997 41264 664972 454606 182689 27677 84930 28522 56408 102380 102380 18020 18020 470150 223045 246010 1095 1335369 716327 456917 162125 427562 141771 233581 52210 684800 65826 574684 44290 1464764 1269995 194769 1740527 1678778 59890 1859 126995 126995 448945 370524 78421 969436 800098 169338 99087 10878 88209 Instruction Materials 341230 336135 5095 Institutional/Academic 17105 11944 5161 Collection expense 12172 12172 4428 4428 37810701 31354399 5625278 831024 162553 368227 6281999 3536450 1258546 1022000 512527 1520000 1380000 14147 353328 351858 32502543 19213952 13778265 13288591 4921739 668370 595908 23786515 26227993 1662818 2011546 560934 1026519 210000 210000 6873084 5407229 1468644 1214195 101020 91937 10876500 9961426 X 9842637 10778495 3067378 5488072 12910015 16266567 23786515 26227993 3145129 211423 0 X 0 1 X 1 1 1 X 2543955 4660986 1538576 4376067 5044268 18163852 2543955 4660986 1538576 4376067 5044268 18163852 1457597 16706255 240669 398143 337871 217616 1194299 113807 23625 137432 19495583 184660099 0.85690 0.84010 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2016 Amount: $ 113,807. Fundraising Event Receipts - 2020 Amount: $ 23,625. 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 251735 X 0 562293 65447 627740 545793 25000 8500 562293 555493 9700 545793 487857 67636 555493 2622097 5450 148341 6900 1692807 588324 487857 1.00000 0 0 858078 858078 27537019 16216708 11320311 3131828 2997244 134584 975618 975618 13288591 Annuities Payable 91937 91937 23898783 211423 8552 219975 23678808 18020 17259002 17277022 40955830 20542231 8552 8552 20533679 18020 17259002 17277022 37810701 Part III, Line 4: Located on the second floor of Corban's library, the Prewitt-Allen Archaeological Museum houses a rare collection of over 900 artifacts and replicas from the Middle East and Greece, ranging from 7th century Egypt to 18th century Ottoman Empire (modern-day Iraq). Visitors are welcome to peruse the museum as well as school field trips, senior citizen groups, and church groups. Part V, Line 4: To provide scholarships for students. Part V, Line 1e, column (e) - This is a prior period adjustment of -$1,692,807 to remove assets that were included as an irrevocable trust. Part XI, Line 2d - Other Adjustments: Fundraising Event Expense 8,552. Part XI, Line 4b - Other Adjustments: Student aid 17,259,002. Part XII, Line 2d - Other Adjustments: Fundraising Event Expense 8,552. Part XII, Line 4b - Other Adjustments: Student aid 17,259,002. 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 Students attending the University may obtain financial assistance from grants and other programs. These programs include Federal Work Study, Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, and Federal Direct Loan Program. The University was also awarded funding under the CARES Act for the Higher Education Emergency Relief Fund (HEERF) to provide emergency grants to students and to assist with foregone revenue resulting from the closure of campus housing as a result of the pandemic. Golf Classic 26893 3268 23625 600 5800 1855 297 26893 3268 23625 600 5800 1855 297 8552 15073 1 Student Scholarships and Grants 1119 16374222 HEERF Grants 454 884780 Part I, Line 2: The organization utilizes PowerFAIDS financial aid software and the Populi Student System to monitor and ensure that financial aid is awarded according to university, state, and federal guidelines. No cash changes hands, and funds are directly tied to student accounts. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Sheldon Nord President 217065 0 0 0 47850 0 0 0 30797 0 295712 0 0 0 Tom Cornman Provost 122565 0 0 0 30402 0 0 0 38063 0 191030 0 0 0 Steve Sammons Vice President Strategic Initatives 114046 0 0 0 12108 0 0 0 35115 0 161269 0 0 0 Part I, Line 1a A taxable housing allowance is provided for the President. Patty Roth Trustee Construction costs X 100000 100000 0 1 1 D Nicholson Family Trust Entity 35% controlled by Patty Roth, Trustee Construction costs X 110000 110000 0 1 1 210000 Susan Roth Family member of Brenda Roth, Vice President for Student Life 59626 Compensation 0 X 6 126733 Selling Price X 1 830000 Appraisal 0 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 Executive Committee is composed of the Board committee chairs. The Executive Committee shall conduct Trustee business before and between regular Board meetings if necessary as well as bring important information and recommendations to the full Board. Form 990, Part VI, Section A, line 2 Jo Sherman, trustee, and Scott Sherman, trustee, have a family relationship. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. The Form 990 is reviewed in detail by the VP for Business and the Finance Committee of the Board of Trustees. A copy of the return is sent to the board prior to filing. Form 990, Part VI, Section B, line 12c Board members and officers sign annual conflict of interest statements that are reviewed by the Board Development Chair. The President's office and Board Secretary review the disclosure statement signed by the Development Chair. 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 Finance Committee of the Board of Trustees reviewed compensation for the renewal of the contract of the President of the University in 2019. They examined the compensation of similar institutions and made recommendations to the Board of Trustees. The Board approved the contract before being issued and signed by the President of the University, and the approval process is documented in the Board minutes. Form 990, Part VI, Section B, Line 15b: Compensation for other officers is reviewed by the President and Human Resource Director using comparability data. The process is documented with HR. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request.