2021-05-12T20:07:07-05:00 2020-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2019-07-01 951643389 UNIVERSITY OF REDLANDS UNIV 9097488180 PO BOX 3080 REDLANDS CA 923730999 KEVIN DYERLY VP FINANCE/CFO 9097488180 2021-05-12 1 TRACY S PAGLIA P00366884 2099556100 2021-05-10 2019 2022-09-23 18:48:47Z RALPH W KUNCL PO BOX 3080 REDLANDS CA 923730999 826557310 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. 38 38 3091 2000 98569 56666 14415524 17804599 182856426 193054370 12831950 25944121 221485 224947 210325385 237028037 68780738 79874443 0 0 77663995 85001289 0 0 2883466 54375572 57862006 200820305 222737738 9505080 14290299 388390780 465502200 100051363 98807703 288339417 366694497 X SEE SCHEDULE O 1 0 57071044 188429042 INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 4,935 FULL TIME AND PART TIME STUDENTS 79874443 79874443 SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 4,000 STUDENTS 27767746 4539641 STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS 21590186 136660 PUBLIC SUPPORT AND STUDENT SERVICES. 21590186 136660 186303419 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 7144 0 1 3091 1 1 1 1 AU 0 0 0 0 0 0 0 0 0 0 X 38 38 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 PRESIDENT 70.00 X 813577 0 158745 CORY NOMURA THRU 0630 SENIOR VP FINANCE & ADMIN 60.00 X 347238 0 120434 KATHY OGREN PROVOST 60.00 X 283303 0 55043 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 55.00 X 259384 0 41201 TAMARA MICHEL VP ADVANCEMENT 55.00 X 267447 0 31109 ANDREW WALL THRU 0630 DEAN, SCHOOL OF EDUCATION 55.00 X 236022 0 42743 KENDRICK BROWN DEAN, COLLEGE OF ARTS AND SCIENCES 55.00 X 231354 0 37023 KEVIN DYERLY VP ENROLLMENT 60.00 X 225825 0 41768 BRENT GERATY GENERAL COUNSEL 55.00 X 201460 0 39465 DONNA EDDLEMAN DEAN, STUDENT AFFAIRS 55.00 X 203756 0 24103 MICHELLE ROGERS CHIEF OF STAFF & BOARD SECRETARY 60.00 X 186601 0 36104 JACK OSBORN EXECUTIVE PROFESSOR 55.00 X 168445 0 48866 JEREMY HAMMOND DIRECTOR, HUMAN RESOURCES 55.00 X 178971 0 17008 WALTER HUTCHENS SENIOR LECTURER 55.00 X 155181 0 31945 NANCY SVENSON AVP ENROLLMENT 55.00 X 165049 0 14938 JAMES VALADEZ FORMER DEAN, SCHOOL OF EDUCATION 55.00 X 141563 0 25001 GEORGE KEITH ROBERTS FORMER DEAN, SCHOOL OF BUSINESS 55.00 X 131444 0 11854 WENDY SHATTUCK THRU 0815 COO 55.00 X 114417 0 26275 CHARLOTTE BURGESS FORMER VP AND DEAN, STUDENT LIFE 55.00 X 122137 0 11885 BRADLEY ADAMS TRUSTEE 4.00 X 0 0 0 JAMISON ASHBY SECOND VICE-CHAIR - TRUSTEE 4.00 X X 0 0 0 BRADLEY BERG TRUSTEE 2.00 X 0 0 0 CAROLE BESWICK TRUSTEE 2.00 X 0 0 0 CHRISTOPHER BONNEY TRUSTEE 2.00 X 0 0 0 LARRY BURGESS FIRST VICE-CHAIR - TRUSTEE 4.00 X 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 JOSEPH 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 2.00 X 0 0 0 THOMAS GILMER TRUSTEE 2.00 X 0 0 0 KENNETH HALL TRUSTEE 2.00 X 0 0 0 MINDY HARRIS TRUSTEE 2.00 X 0 0 0 ROBERT HARRIS TRUSTEE 2.00 X 0 0 0 DEBBIE HEAP TRUSTEE 2.00 X 0 0 0 TEENA HOSTOVICH TRUSTEE 2.00 X 0 0 0 RICHARD HUNSAKER 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 LELAND LAUNER CHAIR - TRUSTEE 6.00 X X 0 0 0 SHERRI MEDINA TRUSTEE 2.00 X 0 0 0 BRIAN MURPHY TRUSTEE 4.00 X 0 0 0 ROBERT ODA TRUSTEE 2.00 X 0 0 0 JAMES RAMOS TRUSTEE 2.00 X 0 0 0 SABINE ROBERTSON-PHILLIPS 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 ROGER SALAZAR TRUSTEE 2.00 X 0 0 0 JAMES SCHROEDER 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 4433174 0 815510 163 1 1 0 BON APPETIT MANAGEMENT 2730 SAN HILL ROAD STE 100 MENLO PARK CA 94025 FOOD SERVICE (FORMER) 6861348 HARVEST TABLE CULINARY GROUP 2400 MARKET STREET PHILADELPHIA PA 19103 FOOD SERVICE (CURRENT) 2430882 INSTITUTE FOR THE INTERNATIONAL EDUCATIO PO BOX 98647 CHICAGO IL 60693 STUDY ABROAD 1493046 EDUVANTIS LLC 120 S LASALLE STREET STE 1515 CHICAGO IL 60603 MARKETING 1343700 KEYPATH EDUCATION LLC 220 N SMITH STREET STE 210 PALATINE IL 60067 ONLINE SERVICE 1176238 65 95349 3148355 14560895 863329 17804599 TUITION & FEES 611600 186991382 186991382 AUXILIARY PROGRAMS 611600 4539641 4538051 1590 ASSOCIATED STUDENT 611600 967951 967951 CONFERENCES 611600 469709 469709 STUDENT LOAN INTEREST 611600 85687 85687 193054370 6163972 46007 6117965 110561 110561 259119 144733 114386 114386 50972 63414 609164689 589384540 19780149 19780149 19780149 237028037 193052780 98569 26072089 79874443 79874443 3781364 1133194 2353711 294459 64364806 50991111 11824079 1549616 4536968 3470645 943553 122770 7494279 5732899 1558585 202795 4823872 3690117 1003221 130534 231499 709 230790 309071 309071 847567 847567 3984122 1863600 2085217 35305 2434508 2114518 225211 94779 3213288 1658463 1378746 176079 2619672 1990950 553275 75447 8282261 2549163 5731976 1122 2204145 1759757 372391 71997 304342 278077 18912 7353 2087206 2087206 11803864 11803864 1473893 1224068 219846 29979 STUDENT PROGRAMS 10561156 10240475 286311 34370 FOOD SERVICE 5404123 5298709 73194 32220 BAD DEBT 449794 107219 342575 MEMBERSHIPS 345314 117634 227055 625 1306181 403804 878361 24016 222737738 186303419 33550853 2883466 2193624 2916008 13601535 14874580 16480040 12187710 4357611 3766265 406172 728542 79868 73555 3354304 2163959 344243138 170874609 128742658 173368529 81647729 86033226 131661217 164236085 5866022 5153741 388390780 465502200 11558065 13695328 5980937 7202128 60079788 57504730 1157000 0 21275573 20405517 100051363 98807703 X 77248275 119146958 211091142 247547539 288339417 366694497 388390780 465502200 X 14290299 -19645872 83710653 X 0 1 X 1 1 1 X 34105992 10557915 9878503 14415524 17804599 86762533 34105992 10557915 9878503 14415524 17804599 86762533 30244578 56517955 2440020 3307850 4265810 5549741 6291670 21855091 150939 48913 199852 108817476 920783305 0.51940 0.49780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X X 0 192053177 39703619 2127082 2668272 5770878 225444728 184757923 4218243 8337047 2270990 2989046 192053177 175501343 4422241 9742772 1989419 2919014 184757923 160573416 3338597 16465277 1912319 2963628 175501343 133275934 32972474 -908223 1944266 2822503 160573416 0.05000 0.81170 0.13830 0 0 24942258 24942258 18518445 13361532 7528313 24351664 265071420 150082547 114988873 18122751 12476850 5645901 4226732 786899 3439833 173368529 OTHER INVESTMENTS 42334 C ASSETS HELD BY OTHERS 1184746 F PRIVATE EQUITY PSHIPS 13130010 F MULTI-HEDGE STRATEGIES 3139431 F INFLATION HEDGING 20031024 F COMMON TRUST FUNDS 25921845 F GLOBAL EQUITIES 45127674 F FIXED INCOME 55659021 F 164236085 RESERVE FOR ANNUITIES PAYABLE 1037990 REFUNDABLE U.S. GOVT STUDENT LOANS 5180561 LIABILITY FOR TRUSTS PAYABLE 10144005 ASSET RETIREMENT OBLIGATION 1697713 UNEARNED REV - POOLED INCOME FUND 140950 CAPITAL LEASES PAYABLE 2204298 20405517 X 219531854 -19645872 84562090 64916218 154615636 727757 81684644 82412401 237028037 141176774 0 141176774 727757 80833207 81560964 222737738 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, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ASSET RETIREMENT OBLIGATION -223,941. ACQUISITION - INHERENT CONTRIBUTION 84,786,031. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 79,874,443. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 674,030. ASSOCIATED STUDENT REVENUE 967,951. BOOK/TAX DIFFERENCE FROM K-1 46,007. PLEDGE WRITE OFF 122,213. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 79,874,443. ASSOCIATED STUDENT EXPENSES 958,764. 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. EUROPE (INCLUDING ICELAND AND GREENLAND) 1 4 PROGRAM SERVICES UNDERGRADUATE STUDY ABROAD 269418 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9108095 NORTH AMERICA 0 0 INVESTMENTS 876684 1 4 0 0 1 4 10254197 0 10254197 1 0 1 1 0 1 PART I, LINE 3: THE ORGANIZATION 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 OF REDLANDS A LEDGER OF ACTUAL EXPENDITURES AND A CASH RECONCILIATION FOR THE BANK ACCOUNT. THE UNIVERSITY OF REDLANDS 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 OF REDLANDS WITH RECEIPTS AND DOCUMENTATION FOR ALL EXPENDITURES FOR THE YEAR. PART III ACCOUNTING METHOD: 1 UNDERGRADUATE NEED BASED SCHOLARSHIPS 1982 61416385 UNDERGRADUATE MERIT SCHOLARSHIPS 955 18130254 GRADUATE NEED BASED SCHOLARSHIPS 66 327804 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 0 1 0 0 0 0 0 0 0 RALPH KUNCL PRESIDENT 619948 0 0 0 193629 0 135200 0 23545 0 972322 0 85000 0 CORY NOMURA THRU 0630 SENIOR VP FINANCE & ADMIN 339575 0 0 0 7663 0 75200 0 45234 0 467672 0 0 0 KATHY OGREN PROVOST 282115 0 0 0 1188 0 25200 0 29843 0 338346 0 0 0 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 258196 0 0 0 1188 0 23922 0 17279 0 300585 0 0 0 TAMARA MICHEL VP ADVANCEMENT 267033 0 0 0 414 0 21978 0 9131 0 298556 0 0 0 ANDREW WALL THRU 0630 DEAN, SCHOOL OF EDUCATION 235752 0 0 0 270 0 21915 0 20828 0 278765 0 0 0 KENDRICK BROWN DEAN, COLLEGE OF ARTS AND SCIENCES 231084 0 0 0 270 0 21527 0 15496 0 268377 0 0 0 KEVIN DYERLY VP ENROLLMENT 221249 0 0 0 4576 0 20339 0 21429 0 267593 0 0 0 BRENT GERATY GENERAL COUNSEL 201046 0 0 0 414 0 18775 0 20690 0 240925 0 0 0 DONNA EDDLEMAN DEAN, STUDENT AFFAIRS 203349 0 0 0 407 0 9215 0 14888 0 227859 0 0 0 MICHELLE ROGERS CHIEF OF STAFF & BOARD SECRETARY 186345 0 0 0 256 0 17325 0 18779 0 222705 0 0 0 JACK OSBORN EXECUTIVE PROFESSOR 166011 0 0 0 2434 0 16557 0 32309 0 217311 0 0 0 JEREMY HAMMOND DIRECTOR, HUMAN RESOURCES 178763 0 0 0 208 0 16137 0 871 0 195979 0 0 0 WALTER HUTCHENS SENIOR LECTURER 154974 0 0 0 207 0 14629 0 17316 0 187126 0 0 0 NANCY SVENSON AVP ENROLLMENT 164471 0 0 0 578 0 14802 0 136 0 179987 0 0 0 JAMES VALADEZ FORMER DEAN, SCHOOL OF EDUCATION 140882 0 0 0 681 0 13094 0 11907 0 166564 0 0 0 GEORGE KEITH ROBERTS FORMER DEAN, SCHOOL OF BUSINESS 130944 0 0 0 500 0 11785 0 69 0 143298 0 0 0 CHARLOTTE BURGESS FORMER VP AND DEAN, STUDENT LIFE 121982 0 0 0 155 0 11033 0 852 0 134022 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, SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AND KEVIN DYERLY, VP ENROLLMENT. 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, LINE 4B LINE 4B - RALPH KUNCL, PRESIDENT, AND CORY NOMURA, SENIOR VP FINANCE AND ADMINISTRATION, PARTICIPATE IN A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). RALPH KUNCL'S FY 2019-2020 DEFERRED COMPENSATION WILL BE VESTED AS OF JUNE 30, 2027. CORY NOMURA'S FY 2019-2020 DEFERRED COMPENSATION WILL BE 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 $50,000, 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 1720000 36031337 499548 35531789 2015 1 1 1 1 B 385000 33959563 440633 33518930 2016 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 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 15878 FMV X 3866 FMV X 40 748873 FMV X MUSICAL INSTRUMENTS 1 82000 FMV X EQUIPMENT 4 5791 FMV X JEWELRY 1 4500 FMV X EVENT 1 2251 FMV X MEALS 1 170 FMV 1 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. PART I, LINE 32B: THE UNIVERSITY USES THIRD PARTIES TO SELL NONCASH CONTRIBUTIONS SUCH AS ART AND TANGIBLE PROPERTY NOT USED IN UNIVERSITY OPERATIONS. FORM 990, PART III, LINE 2 ON JULY 1, 2019, THE UNIVERSITY ACQUIRED SAN FRANCISCO THEOLOGICAL SEMINARY, WITH THE UNIVERSITY AS THE SURVIVING ENTITY. THE ACQUISITION SUPPORTS THE UNIVERSITY'S VISION OF EXPANDING ITS GEOGRAPHICAL FOOTPRINT IN CALIFORNIA WITH AN INSTITUTION HAVING A COMPLIMENTARY MISSION AND RESULTS IN THE CREATION OF A NEW GRADUATE SCHOOL WITHIN THE UNIVERSITY CALLED THE GRADUATE SCHOOL OF THEOLOGY. FORM 990, PART III, LINE 1 THE UNIVERSITY OF 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 HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE UNIVERSITY AMENDED ITS BYLAWS IN OCTOBER 2019 AS FOLLOWS: 1) ARTICLE III, SECTION 13, SPECIAL MEETINGS - THE SECRETARY NO LONGER HAS THE ABILITY TO CALL SPECIAL MEETINGS IN THE ABSENCE OF CHAIRPERSON OR THE VICE CHAIRPERSON; 2) ARTICLE IV, SECTION 2, EXECUTIVE COMMITTEE - THE SECRETARY IS NO LONGER INCLUDED AS PART OF THE EXECUTIVE COMMITTEE; 3) ARTICLE V, SECTION 1, OFFICERS - THE SECRETARY IS NO LONGER INCLUDED AS A BOARD OFFICER NOR UNIVERSITY OFFICER; 4) ARTICLE V, SECTION 7, VICE CHAIRPERSONS - THE SECOND VICE CHAIRPERSON SHALL ALSO SERVE AS THE REPRESENTATIVE OF THE BOARD AND CO-REPRESENTATIVE OF THE UNIVERSITY FOR PURPOSES OF APPROVING, ENDORSING AND SIGNING ALL DOCUMENTS, CONTRACTS, EVIDENCES OF INDEBTEDNESS AND INSTRUMENTS IN WRITING IN THE ORDINARY COURSE OF THE UNIVERSITY'S BUSINESS, AS PROVIDED IN ARTICLE VI, SECTION 4. 5) ARTICLE V, SECTION 10, SECRETARY TO THE BOARD - THE SECTION WAS AMENDED TO UPDATE TITLE FROM SECRETARY TO SECRETARY OF THE BOARD. IN ADDITION, THE SECTION HAS BEEN UPDATED TO STATE THAT IN THE EVENT OF THE ABSENCE OR INABILITY TO ACT, BY THE SECRETARY TO THE BOARD, A VICE PRESIDENT SO DESIGNATED BY THE PRESIDENT SHALL PERFORM AND DISCHARGE THE DUTIES OF THE SECRETARY TO THE BOARD. 6) ARTICLE VI, SECTION 4, ENDORSEMENT OF DOCUMENTS; CONTRACTS - THE SECTION HAS BEEN UPDATED TO STATE THAT NOTES, MORTGAGES, EVIDENCES OF INDEBTEDNESS AND OTHER INSTRUMENTS IN WRITING THAT ARISE IN THE ORDINARY COURSE OF THE UNIVERSITY'S BUSINESS MAY BE ENTERED INTO ON BEHALF OF THE UNIVERSITY UPON THE JOINT SIGNATURE OF THE PRESIDENT, THE SECOND VICE CHAIRPERSON OF THE BOARD, AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, UNLESS SPECIFICALLY AUTHORIZED BY THE BOARD. UNLESS SPECIFICALLY AUTHORIZED BY THE BOARD OR BY ARTICLE V, SECTION 4, NO OTHER OFFICER, AGENT OR EMPLOYEE SHALL HAVE ANY POWER OR AUTHORITY TO BIND THE UNIVERSITY BY ANY CONTRACT OR ENGAGEMENT OR TO PLEDGE ITS CREDIT OR TO RENDER IT LIABLE FOR ANY PURPOSE OR APPLICABLE DESIGNATED AMOUNTS. 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 ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -674,030. NET ASSOCIATED STUDENT REVENUE/EXPENSES -9,187. BOOK/TAX DIFFERENCE FROM K-1 -46,007. PLEDGE WRITE OFF -122,213. CHANGE IN ASSET RETIREMENT OBLIGATIONS -223,941. ACQUISITION - INHERENT CONTRIBUTION 84,786,031. 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 ALEXANDER MONTGOMERY FOUNDATION C 95349 BOOK VALUE