2021-05-11T12:36:47-05:00 2020-06-30 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2019-07-01 950549600 Biola University Inc BIOL 5629036000 13800 Biola Avenue La Mirada CA 906390001 Michael A Pierce Exec VP, Univ Ops & Finance 5629036000 2021-05-11 1 Ted R Batson Jr P00721951 5055022746 2019 2022-09-23 18:48:47Z Barry H Corey 13800 Biola Avenue La Mirada CA 906390001 359143680 0 X Biola.edu X 1908 CA A private Christian university offering biblically-centered education, scholarship, and service. 26 21 4036 25 4000 -800 19962522 24716657 206079991 203454858 8463734 31824703 344063 668926 234850310 260665144 60255541 65844714 0 0 113315008 110818817 190804 136142 2727395 54451443 50938365 228212796 227738038 6637514 32927106 469827811 488716476 157941378 171334915 311886433 317381561 X Biola University is a private Christian university located in Southern California. For over 112 years, Biola has stood out as an institution grounded on biblically centered education, intentional spiritual development, and career preparation, where all faculty, staff and students are professing Christians. With more than 145 academic programs through its six schools, Biola offers degrees ranging from Bachelor of Arts to doctoral degree. 0 0 65567992 35457565 116941176 School of Arts & SciencesThe School of Arts & Sciences consists of four schools: School of Cinema & Media Arts; School of Fine Arts & Communication; School of Humanities & Social Sciences; and School of Science, Technology, and Health.The School of Cinema & Media Arts focuses on equipping students to serve as an observer, interpreter, and creator of mass media through a Christian worldview. There are four areas of study to select from: game design and interactive media, production, writing for the screen, and entertainment producing. The School of Cinema & Media Arts is ranked Variety as one of the 50 best film programs in the world, and offers one Bachelor's degree program with a choice of nine concentrations, including cinematography, entertainment business, production, and visual effects.The School of Fine Arts and Communication is where students explore new ways to create, tell and distribute stories because every discipline taught is a channel through which students can impact the world and express their faith -- with words, visuals and sound. The programs give students the opportunity to become proficient and powerful storytellers. The School of Fine Arts and Communication offers 23 Bachelor's degree programs, one Master's degree program, and three certificate programs. Degrees available include B.F.A. in Studio Art, B.S. in Design, B.A. in Music, B.A. in Communication Studies, and M.A. in Public Relations and Reputation Management.The School of Humanities & Social Sciences aims to look at humankind's similar and disparate systems, beliefs, languages and cultures and to gain an understanding through the literary masterpieces of great thinkers. They provide context for traditions and folklore and let philosophy collide with history and politics, in an attempt to make sense of the world from a human perspective, as well as a biblical perspective. The School of Humanities & Social Sciences offers 13 Bachelor degree programs. Degrees available include B.A. in English, B.A. in Political Science, and B.A. in Sociology. The School of Humanities & Social Sciences also offers the Torrey Honors College, which is Biola University's undergraduate honors program.The vision of the School of Science, Technology and Health at Biola University is to equip a new generation of ethically thoughtful professionals in the sciences and health care, grounded in a Christian worldview, educated in an academically rigorous environment, ready to assume positions of leadership, and able to provide the clear moral vision the world desperately needs. The School of Science, Technology and Health offers 27 Bachelor's degree program and two Master's degree programs. Degrees available include B.S. in Nursing, B.S. in Kinesiology, B.S. in Chemistry, and B.S. in Engineering Physics. The School of Science, Technology and Health also offers the Stewart Science Honors Program which is a highly selective honors program that is academically rigorous and is guided by research and technology.As of Fall 2019, the School of Arts & Sciences' enrollment is 2,425 undergraduate students and 48 Masters students. In March 2020, The Biola Conservatory partners launched "String Sprouts," providing free instruments and class lessons to children who live below the poverty level. Every year the School of Cinema & Media Arts hosts a Screenwriting Contest where students submit their original screenplays for a chance to win a $10,000 scholarship. In December 2019, three students participated in the 2019 Mathematical Association of America Putnam Competition, which is a prestigious national competition administered by the Mathematical Association of America. 33372049 12152689 38398980 School of EducationThe School of Education exists to train up those who desire to make an impact as educators in classrooms, administration buildings, homeschools, the mission field, and beyond. A wide selection of rigorous, biblically centered academic offerings are available -- ranging from undergraduate and graduate programs to teaching credentials and certificates, as well as K12 as well as homeschool education through the Eight-Week Clinic Courses for grades 1 through 6. The School of Education offers six Bachelor's program degrees, four Master's program degrees, and seven certificate programs. Degrees available include B.A. in Early Childhood, B.A. in Liberal Studies (Multidisciplinary), and M.A. in Education.As of Fall 2019, the School of Education's enrollment is 209 undergraduate students and 246 Masters students. In March 2020, Biola hosted the Association of Christian Schools 2020 Early Education Conference.Crowell School of BusinessThe Crowell School of Business prepares students academically with a foundational business education while nurturing their Christian commitment through solid biblical integration in courses and contact with faculty and staff. The mission of the Crowell School of Business is to equip students to develop a Biblical worldview so as to see business as ministry: to prepare students for excellence and leadership in their career, to be strong in mind and character, and mature in faith so that they will make an impact for God in this time and place. The Crowell School of Business offers seven Bachelor degree programs and three Master's degree programs. Degrees available include B.S. in Accounting, B.S. in Business Administration, and Masters of Business Administration.As of Fall 2019, the Crowell School of Business's enrollment is 578 undergraduate students and 102 Masters students. Every year the Crowell School of Business hosts the Biola Startup Competition where undergraduate and graduate students, as well as recent alumni, are invited to pitch their concept for a business or nonprofit, develop a business plan, and compete for capital. This year, first place was awarded to Boba for Missions. The Crowell School of Business also hosted the Meet the Money Managers event to assist business students with developing their networking skills. In addition, every other month, the Crowell School of Business hosts the Distinguished Speaker Series, where prominent business leaders are invited to speak with students.Rosemead School of PsychologyRosemead School of Psychology is a top psychology school for Christians who want to integrate their faith with their field. Rosemead School of Psychology brings together the scientific, research-driven study of human behavior with biblical perspectives on human flourishing. Students are equipped with knowledge and skills for professional roles in clinical psychology, therapy, counseling, teaching and research. Rosemead School of Psychology offers two Bachelor's degree programs and two Doctoral degree programs. Degrees available include B.A. in Psychology and Ph.D. in Clinical Psychology.As of Fall 2019, the Rosemead School of Psychology's enrollment is 382 undergraduate students, 44 Masters students, and 119 Doctoral students. In November 2019, the American Psychological Association recognized two of Biola University's professors. Professor Liz Hall received the Distinguished Service Award from the APA Society for the Psychology of Religion and Spirituality and Professor Laura Dryjanska was selected by the APA division of International Psychology to receive an Outstanding Early Career Psychologist Award.Cook School of Intercultural StudiesThe Cook School of Intercultural Studies exists to equip students to communicate, live and work effectively in culturally diverse contexts, to make disciples of all peoples, and to impact the world for the Lord Jesus Christ. It's diverse faculty, with overseas and missionary experience in nearly 100 countries, equips students for careers in a wide variety of fields globally and domestically. The Cook School of Intercultural Studies offers two Bachelor degree programs, seven Master's degree programs, three Doctoral programs, and two certificate programs. Degrees available include B.A. in Intercultural Studies, M.A. in Missions, and Ph.D. in Intercultural Education.As of Fall 2019, the Cook School of Intercultural Studies' enrollment is 67 undergraduate students, 116 Masters students, and 146 Doctoral students. The Cook School of Intercultural Studies publishes The International Journal of Christianity and English Language Teaching, which is an annual publication relating to English language teaching and Christian English language teachers.Summer SessionSummer session provides students with the opportunity for a greater degree of flexibility in planning their total program. Students may enrich their course of study and reduce the overall time to completion or decrease their regular course load by careful selection of summer session courses. Courses may be applied to both the degree and the teaching credential programs. Instruction is offered in standard courses by the Biola faculty and capable visiting professors.ResearchResearch includes various grants that Biola University has secured from third parties, which includes administration of grants, as well as the research being performed. Research also includes The Center of Marriage & Relationships which equips students, couples and churches with the tools needed to build happy, healthy friendships, relationships and marriages. Public ServicesPublic Services includes Biola University's Biola Youth program and a counseling center for the community. 31817569 18234460 48687558 Talbot School of TheologyThe mission of Talbot School of Theology is the development of disciples of Jesus Christ whose thought processes, character, and lifestyles reflect those of our Lord, and who are dedicated to disciple making throughout the world. The goal is to educate and graduate students characterized by a commitment to serving Christ, missionary and evangelistic zeal, and a solid knowledge of the scriptures. The Talbot School of Theology offers three Bachelor degree programs, eight Master's degree programs, and two Doctoral degree programs, and four certificate programs. Degrees available include B.A. in Bible, Theology, and Ministry; Master of Divinity (M.Div.); and Doctor of Ministry. The Talbot School of Theology also partners with the Crowell School of Business to offer a Masters of Management, Nonprofits Organizations. As of Fall 2019, the Talbot School of Theology's enrollment is 252 undergraduate students, 1,011 Masters students, and 218 Doctoral students. Talbot School of Theology engages with its students and community through its weekly podcast "Think Biblically," "The Good Book Blog, and the Talbot Magazine which is published twice a year. In addition to inviting guest speakers throughout the year, Talbot School of Theology participated in conferences, such as the Women in Apologetics Conference with the theme "Find Your Voice and the EPS Apologetics Conference. 24169407 Auxiliary ServicesAuxiliary Services serves the Biola University community through the Biola Store, conference services, dining services, the Print Shop, residential facilities, and student transportation. Auxiliary Services offers conference services for youth organizations, churches, sports camps, community groups, and other external organizations. There are six eateries available on Biola University's campus, including Cafe Biola which is the main dining facility, Eagles' Nest, and The Heritage Cafe. Residential facilities include 10 residence halls and seven apartment buildings offered as housing to undergraduate and graduate students. 23522532 Student ServicesStudent Services includes Student Development and Intercollegiate Athletics. This includes a variety of student support, such as student communications, Title IX administration, student engagement and wellness, housing personnel, career development, academic advising, and the counseling center for students. It also includes support for international students, special-needs students, veterans, and off-campus students. 14026484 Academic SupportAcademic Support includes the Provost department, the library, diversity and inclusion administration, the Registrar's office, integration of faith and learning, and faculty administration and support. 61718423 192476033 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 7779 0 1 4036 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 X 26 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X X Michael A Pierce 5629036000 13800 Biola Avenue La Mirada CA 906390001 Barry Corey President 40.00 X X 598030 0 126893 Michael A Pierce Secretary/EVP, Univ Ops & Finance 40.00 X 291509 0 52886 Adam Morris VP Transformation Chief Advancement Officer 40.00 X 265593 0 62795 Lee Wilhite VP Enrollment Marketing and Communications 40.00 X 221273 0 87315 Deborah Taylor Provost and Senior Vice President 40.00 X 257201 0 39157 Andre Stephens VP, Student Development 40.00 X 198792 0 64345 Clark Campbell Sr Associate Provost, Academic Affairs 40.00 X 226027 0 29032 Donald Sunukjian Prof Emeritus of Christian Ministry and Leadership 40.00 X 236879 0 18263 John Hutchison Prof. Emeritus of Bible Exposition 40.00 X 238231 0 16358 Gregory Vaughan Former VP, Enrollment Mngt 0.00 X 223179 0 30106 Christopher Grace Director, Center for Marriage 40.00 X 208462 0 33415 Scott Rae Sr. Advisor to the President 40.00 X 204172 0 18154 Sandra Weaver Asst Secretary 40.00 X 171732 0 23114 Dave Koontz Asst Secretary 40.00 X 145710 0 35010 William Hummel Asst Secretary 40.00 X 140552 0 27606 Philip Paul Trustee 2.00 X 31232 0 0 Bryan Loritts Trustee 2.00 X 20988 0 0 Hannah Lee Trustee 2.00 X 11738 0 0 David Kinnaman Trustee 2.00 X 10988 0 0 Adam Edgerly Trustee 2.00 X 600 0 0 Rebecca Andrews Trustee 2.00 X 0 0 0 Lynn Cohick Trustee 2.00 X 0 0 0 Bradley Cole Trustee 2.00 X 0 0 0 David Gyertson Trustee 2.00 X 0 0 0 Dwight Hanger Trustee 2.00 X 0 0 0 Promod Haque Trustee 2.00 X 0 0 0 Carol Hawkins Trustee 2.00 X 0 0 0 Stanley Jantz Trustee 2.00 X 0 0 0 Ray Johnson Trustee 2.00 X 0 0 0 Allan Kavalich Trustee 2.00 X 0 0 0 Wayne Lowell Trustee 2.00 X 0 0 0 Michael Maples Trustee 2.00 X 0 0 0 Al Mijares Trustee 2.00 X 0 0 0 David Mitchell Trustee 2.00 X 0 0 0 Bob Pritchett Trustee 2.00 X 0 0 0 Henry Riady Trustee 2.00 X 0 0 0 Jerry Rueb Trustee 2.00 X 0 0 0 John Siefker Trustee 2.00 X 0 0 0 Kennith Thompson Trustee 2.00 X 0 0 0 Dean VandeKamp Trustee 2.00 X 0 0 0 3702888 0 664449 209 1 1 0 Bon Appetit 14730 Beach Blvd Ste 107 La Mirada CA 90638 Food Management 6645508 Bastien and Associates Inc 15661 Red Hill Ave Ste 150 Tustin CA 927807324 Architecture 1370227 Gray ICE Builders 421 E Cerritos Ave Anaheim CA 928056320 General Contractor 1166385 Google Inc Dept 34256 San Francisco CA 941390001 Advertising & Technology 1010147 EMCOR Service 2 Cromwell Irvine CA 926181816 Building Services 818353 66 1771 3588342 21126544 1951474 24716657 Tuition and fees 611600 176642919 176642919 Aux service sales 611710 23262718 23262718 Public and student fee 611600 3054980 3054980 494241 494241 203454858 4385042 4385042 13999 13999 359809 285543 74266 74266 74266 125560319 69280 98189938 0 27370381 69280 27439661 27439661 6860 1771 3055 3805 3805 Sponsorship 541800 4000 4000 572856 572856 576856 260665144 204027714 4000 31916773 65844714 65844714 2820744 2820744 223410 223410 82373722 60743752 19965686 1664284 4309654 3096536 1140233 72885 15181374 11070598 3850202 260574 5909913 4246341 1563624 99948 48009 161 47848 147164 147164 136142 136142 570326 570326 14624412 9099113 5523922 1377 2526079 343549 2096874 85656 1229236 830689 326465 72082 2716871 641032 2058903 16936 3214931 1524448 1690423 60 2072549 1707112 310390 55047 286115 149120 125225 11770 4088659 3940575 137876 10208 11816148 10566499 1169322 80327 901023 178603 722420 Book and serials purcha 1370843 1363304 6705 834 Equipment maintenance 784970 282061 502842 67 Licenses and fees 301747 136544 165131 72 Allocation of indirect 0 12540982 -12636320 95338 4239283 4170300 5195 63788 227738038 192476033 32534610 2727395 15061616 25568239 6284989 17925238 4137678 3813415 3138294 4106976 722636 642012 4688173 597435 254099 258101 1143103 1130174 409177584 171975501 234922992 237202083 167223541 176612287 9311280 17481705 12183187 3367548 10756223 11263 469827811 488716476 18153364 14474492 9749959 11636193 119605590 116004536 19000000 10432465 10219694 157941378 171334915 X 241745192 237814215 70141241 79567346 311886433 317381561 469827811 488716476 X 32927106 -27045651 -386327 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 20074 20074 0 Part II-B, Line 1: Paid membership dues to a higher education lobbying group 0 1 2599094 101178 1398501 1301771 0 151020295 3951947 3570401 4942257 697965 152902420 144053244 5055557 7461643 4645600 904549 151020295 136572207 5263640 8886602 3831504 2837701 144053244 114285561 12797006 13175547 3354711 331196 136572207 111181492 7488252 -1240827 2894131 249225 114285561 0.67570 0.32430 0.00000 1 0 6728904 6728904 306163034 105442034 200721000 66692512 54510746 12181766 29593134 12022721 17570413 237202083 Perkins and Nursing school loans 2613221 Asset retirement obligation 2335067 Liabilities for annuities payable 5250397 Amounts held for benefit of others 21009 10219694 X 166683156 -27045651 9621 -66419492 -93455522 260138678 570326 -43860 526466 260665144 160717345 9621 43860 53481 160663864 570326 66503848 67074174 227738038 Part IV, Line 1b: Biola (or it's designated individual) is named as administrator or successor trustee on testamentary gifts (estates or revocable living trusts). When the agreement matures upon the death of the grantor, Biola assumes its fiduciary role to marshal assets, pay expenses, and distribute beneficiary payments. The administration of each arrangement may last several years until all distributions are made and the accounts are closed. Part V, Line 4: The endowment earnings are used to underwrite the programs and administration of the University, with specific appropriations made to student aid, academic programs, and facility maintenance. 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 06/30/2020. To date, Schedule D has 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 X, Line 2: The University follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is more-likely-than-not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The University is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The University has also been recognized by the California Franchise Tax Board as exempt from California franchise and income taxes under Section 23701d of the California Revenue and Taxation Code. The University has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which is has nexus; and to identify and evaluate other matters that may be considered tax positions. The University has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Part XI, Line 2d - Other Adjustments: Student financial aid netted with tuition revenue -65,844,714. Additional expenses netted against investment income -574,778. Part XI, Line 4b - Other Adjustments: Additional rent expense -4,959. Special event expense -3,055. Other -35,846. Part XII, Line 2d - Other Adjustments: Rent expense 4,959. Special event expense 3,055. Other 35,846. Part XII, Line 4b - Other Adjustments: Student financial aid netted with tuition revenue 65,844,714. Other rental expenses netted against revenue 574,777. Asset Retirement Obligation amortization 84,357. 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 currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). As of February 2021, the racially nondiscriminatory policy is on the biola.edu homepage. Schedule E, Part I, Line 6 Biola University serves as a conduit to receive and disburse student aid funds from governmental agencies such as the Department of Education and Department of Health and Human Services under the following programs: Federal Academic Competitiveness Grant Program, Federal Pell Award Grant Program, Federal Perkins Loan Program, Federal National Smart Grant Program, Federal Nursing Student Loan Program, Federal Supplemental Educational Opportunity Grant, Federal Work Study and Higher Education Emergency Relief Fund (HEERF). Schedule E, Part I, Line 7 Biola publicizes its racially nondiscriminatory policy on its admissions application to all prospective students, on Biola's website, in the catalog, student handbook, and via email to all students. Europe 0 0 Program Services Study Abroad 571273 East Asia and the Pacific 0 0 Program Services Study Abroad 18200 South America 0 0 Program Services Study Abroad 139100 Sub-Saharan Africa 0 0 Program Services Study Abroad 29766 Central America and the Caribbean 0 0 Investments 28297654 North America 0 0 Program Services Study Abroad 17101 Central America and the Caribbean 0 0 Program Services Study Abroad 32097 Russia & Neighboring States 0 0 Program Services Study Abroad 13245 Sub-Saharan Africa 0 0 Program Services Student Recruitment 2054 East Asia and the Pacific 0 0 Program Services Student Recruitment 28377 0 0 0 0 0 0 29118436 30431 29148867 1 0 1 1 1 0 Part I, line 3: The University accounts for foreign expenditures using the accrual method of accounting. Part III Accounting Method: Part IV Line 3 The organization has analyzed its ownership in the foreign corporation, and has determined that it does not meet the reporting requirements for Schedule 5471. Part IV Line 4 The organization has analyzed its ownership in the passive foreign investment company and has determined that it does not meet the reporting requirements for Form 8621. Part IV Line 5 The organization has analyzed its ownership in the foreign partnership and has determined that it does not meet the reporting requirements for Form 8865. X X X X X X X 1 The Giving Crowd 15707 Coit Rd SUite C PMB 166 Dallas TX 75248 Fundraising 0 0 96474 -96474 Marts and Lundy 1200 Wall St West Lyndhurst NJ 07071 Fundraising Strategy 0 0 39668 -39668 136142 -136142 CA WA Part I, Line 2b, column (iv) The Giving Crowd primarily helps individuals with estate planning. This company connects individuals with universities, like Biola, to assist them incorporating donations to the university in their estate plans. The Giving Crowd typically does not generate current gifts, rather the university benefits long term as trusts and wills mature. Marts and Lundy assists the University in the development of fundraising strategy. 1 Student Scholarships 5048 65844714 Part I, Line 2: Biola University awards both merit and need-based scholarships to students at the graduate and undergraduate levels. Merit awards are based on elibility criteria such as academic, athletic, and music abilities. These typically have academic or participation requirements for renewal. Continued eligibility based on stated requirements is monitored by the Financial Aid office or by the office that makes the awards. Need-based awards are typically awarded based on specific formulas that are based on an institutional or federal cost amount combined with the federal EFC determined by the FAFSA. Continued eligibility is normally contingent on ongoing need in subsequent years. Most of the grants and scholarships awarded by Biola are funded from general funds; however, a portion are funded from restricted funds that have been provided by donors, and are awarded based on the eligibility criteria established by the donors. Some of these funds are awarded by various campus departments, and some through an application process administered by the Financial Aid Office. The Financial Aid Office works closely with accounting and finance offices to monitor availability of funds from both the general fund and restricted fund accounts. No cash changes hands and funds are directly tied to student accounts. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Barry Corey President 562889 0 0 0 35141 0 30800 0 97073 0 725903 0 0 0 Michael A Pierce Secretary/EVP, Univ Ops & Finance 290458 0 0 0 1051 0 22233 0 31324 0 345066 0 0 0 Adam Morris VP Transformation Chief Advancement Officer 261602 0 0 0 3991 0 20367 0 43100 0 329060 0 0 0 Lee Wilhite VP Enrollment Marketing and Communications 220804 0 0 0 469 0 17867 0 70088 0 309228 0 0 0 Deborah Taylor Provost and Senior Vice President 254133 0 0 0 3068 0 20800 0 19029 0 297030 0 0 0 Andre Stephens VP, Student Development 198264 0 0 0 528 0 16100 0 48851 0 263743 0 0 0 Clark Campbell Sr Associate Provost, Academic Affairs 224680 0 0 0 1347 0 17136 0 12522 0 255685 0 0 0 Donald Sunukjian Prof Emeritus of Christian Ministry and Leadership 236681 0 0 0 198 0 6560 0 11979 0 255418 0 0 0 John Hutchison Prof. Emeritus of Bible Exposition 237753 0 0 0 478 0 6654 0 9980 0 254865 0 0 0 Gregory Vaughan Former VP, Enrollment Mngt 222007 0 0 0 1172 0 15440 0 15260 0 253879 0 0 0 Christopher Grace Director, Center for Marriage 206840 0 0 0 1622 0 14738 0 19257 0 242457 0 0 0 Scott Rae Sr. Advisor to the President 204069 0 0 0 103 0 15504 0 3198 0 222874 0 0 0 Sandra Weaver Asst Secretary 169796 0 0 0 1936 0 13720 0 9954 0 195406 0 0 0 Dave Koontz Asst Secretary 144791 0 0 0 919 0 11487 0 24040 0 181237 0 0 0 William Hummel Asst Secretary 139773 0 0 0 779 0 11427 0 16693 0 168672 0 0 0 Part I, Line 1a Travel for Companions: Spouses of listed persons occasionally travel on business trips where there is a University interest in their participation in University activities. Where a bona fide purpose is absent, the travel costs are reported as taxable compensation. Tax Indemnification and Gross-Up Payments: On occasion, the President is reimbursed for house-cleaning services in conjunction with University events held in his personal residence when the President and his wife are on University business. This reimbursement is treated as taxable compensation to the President and appears on the President's W-2. The amounts paid are grossed up to provide for taxes incurred on these payments. Housing Allowance or Residence for Personal Use: Per direction from the Board of Trustees and in accordance with IRC Section 119, the University designated a portion of the President's compensation as a housing allowance. In Biola's interpretation of IRC Section 107, the University will assist employees who are both ordained ministers and in biblical studies or pastoral positions, in claiming the ministerial housing allowance. The employee, alone, bears the risk of the ministerial housing allowance being disallowed, and for the payment of any associated penalties should there be any adverse future ruling by the IRS or the California Franchise Tax Board. All other employees, even if an ordained minister, will not be given the appropriate resolution needed for filing the ministerial housing allowance. Personal Services: On occasion, the President is reimbursed for expenses, when the President and his wife are on University business. The personal services include anything needed to attend meetings, gatherings, or conferences. This reimbursement is treated as taxable compensation to the President and appears on the President's W-2. The amounts paid are grossed up to provide for taxes incurred on these payments. A CA Municipal Finance Authority 201563466 13048TPZO 2013-04-25 40189220 Construction of building and parking structure 0 0 0 B CA Municipal Finance Authority 201563466 13048TX32 2017-04-18 83419995 Advance refunding and defeasance of 2008 bonds 0 0 0 A 40261783 3693060 488400 36080323 2017 0 0 1 1 B 83419995 843371 82576624 2017 0 1 1 1 A 0 1 0 0 0.00000 0.00330 0.00330 0 0 1 B 0 1 0 0 0.00000 0.00560 0.00560 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: CA Municipal Finance Authority Date the Rebate Computation was Performed: 05/07/2018 Schedule K Supplental Information Part I, Line 3, Bond A: The difference between the total proceeds of the bond issue and the issue price is due to investment earnings. Barry Corey Officer Housing Assistance X 1097656 605467 0 1 1 Michael Pierce Officer Housing Assistance X 50000 6982 0 1 1 David Koontz Officer Housing Assistance X 50000 2586 0 1 1 Lee Wilhite Officer Housing Assistance X 50000 26977 0 1 1 642012 Campus Loft Company Inc Entity more than 35% owned by officer, Adam Morris 196041 Equipment purchase 0 X 10 2825 Market Value X 13178 1906839 Market Value X Equipment 519 39469 Market value X Other 222 2341 Market value 0 0 1 1 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Part I, Line 32b: Biola contracts with Cars2Charities to receive and sell vehicle donations. Form 990, Part VI, Section A, line 1 Executive committee: The Board of Trustees shall appoint a permanent executive committee composed of the Chair, Vice-Chair and President as ex-officio members and three or more at-large trustees. The Executive Committee shall have the authority to act for the board. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. The organization's Senior Director of Financial Management and Reporting works closely with the CPA firm it engages to prepare the return. The final draft of Form 990 is reviewed by the Exec VP, Univ Ops & Finance. Biola posts Form 990, excluding Schedule B, prior to filing, on a secure web site and informs the Board of Trustees that it is available for their review. Form 990, Part VI, Section B, line 12c The Director of Human Resources, in conjunction with the Exec VP, Univ Ops & Finance, is charged with monitoring proposed or ongoing transactions for conflicts of interest and addressing any potential or actual conflicts. Pursuant to the conflict of interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i .e. Board members, officers and executive leadership or key employees, if any). The questionnaires are completed and signed annually. If a conflict were to arise, the individual would abstain from deliberations or voting on the matter. Form 990, Part VI, Section B, line 15 Line 15a: The independent board of trustees reviews and determines annually the compensation for the President. Comparability data from Association of Independent California Colleges and Universities is used in this analysis. The deliberation and decision are documented in the board's minutes on September 13, 2019 for FY 2019-2020. Line 15b: The Committee on the President to the Board of Trustees serves as the University's compensation committee, comprised solely of independent directors, none of which have a conflict of interest with respect to the compensation arrangements. The committee develops, consistent with the organization's philosophy and principles, the annual performance goals and the criteria to be used in determining merit increases criteria for the Vice Presidents and other officers. The full board reviews and validates these compensation arrangements. Form 990, Part VI, Section C, line 19 While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy, and financial statements be made available for public inspection, the organization makes its financial statements and conflicts of interest policy available on the University's website at www.biola.edu. The governing documents are available upon request. Form 990, Part XI, line 9: Change in value of split interest agreements -386,327. Brite Eagle Holdings Inc 525 University Ave Suite 800 Palo Alto CA 94301 844106640 Holding company CA 0 500 Biola University Charitable Remainder Unitrusts (30) Personal estate CA Biola University Inc 1 Living Trust (6) Living Trust CA Biola University Inc 1 Charitable Remainder Annuity Trust (4) Personal Estate CA Biola University Inc 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0