2021-04-21T13:21:39-05:00 2020-06-30 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2019-07-01 941312349 Corban University CORB 5033757020 5000 Deer Park Drive SE Salem OR 97317 Denise Wendler Associate VP of Finance 5033757020 2021-04-21 1 Ted R Batson Jr P00721951 7145770988 2019 2022-09-23 18:48:47Z Sheldon Nord 5000 Deer Park Drive SE Salem OR 97317 42553011 0 X www.corban.edu X 1935 OR Equip men and women to bring CHARACTER to their communities and COMPETENCE to their careers. 28 27 707 100 0 0 1538576 4376067 36927521 37572430 251256 200978 170953 148800 38888306 42298275 15710184 16795219 0 0 11902657 11766910 0 121208 1257640 9693948 9163983 37306789 37847320 1581517 4450955 20839718 23786515 12380658 10876500 8459060 12910015 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 30313432 16795219 30293515 Tuition and fees used to provide over 60 undergraduate, graduate and doctoral programs, both on campus and online to approximately 1,400 students. Each program combines academic excellence with Christian principles and purpose, integrating a biblical worldview in every class. 1464514 7278915 To provide on-campus student housing and food services for over 450 students annually. 31777946 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1762 0 1 707 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X Denise Wendler 5033757020 5000 Deer Park Drive SE Salem OR 97317 Sheldon Nord President 40.00 X 255100 0 12660 Steve Sammons Vice President for Strategic Initatives 40.00 X 124803 0 10358 Michael Patterson Chair, Department of Social Science 40.00 X 124029 0 10408 Terry Chaney Chief Advancement Officer 40.00 X 118754 0 5742 Bryce Bernard Professor of Businses 40.00 X 109556 0 10408 Brenda Roth Vice President for Student Life 40.00 X 102572 0 8273 Tom Cornman Provost 40.00 X 89424 0 6690 Denise Wendler Assoc VP Finance/Controller 40.00 X 62188 0 0 James Carlson Chairman 3.00 X X 0 0 0 Patty Roth Trustee 1.00 X 0 0 0 Tim Aagard Trustee 1.00 X 0 0 0 Karen Avinelis Trustee 1.00 X 0 0 0 Tim Baker Trustee 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 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 Mark Hanke Trustee 1.00 X 0 0 0 Craig Hardinger Trustee 1.00 X 0 0 0 Daniel Hill 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 Stephen McBee Trustee 1.00 X 0 0 0 Paul Null Trustee 1.00 X 0 0 0 Wayne Riehle Trustee 1.00 X 0 0 0 Jo Sherman Trustee 1.00 X 0 0 0 Scott Sherman Trustee 1.00 X 0 0 0 John Song Trustee 1.00 X 0 0 0 Erhardt Steinborn 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 986426 0 64539 6 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 Fundraising/Grant writing 121208 6 2044996 2331071 254736 4376067 Tuition and Fees 611310 30293515 30293515 Auxiliary Services 611310 6296696 6296696 982219 982219 37572430 189071 189071 148800 0 148800 148800 148800 254736 11907 254736 0 0 11907 11907 11907 42298275 37572430 0 349778 16795219 16795219 755132 577752 177380 8833211 6772664 1302855 757692 1507467 1045669 399629 62169 671100 486071 150629 34400 2170 1712 458 78175 78175 121208 121208 530611 254662 269278 6671 946054 715934 221897 8223 446810 215854 191969 38987 599076 22377 551459 25240 1171855 708383 463472 671061 581717 65142 24202 2447581 2447581 521916 430749 91167 1146466 946204 200262 104570 5461 99109 Instruction Materials 332868 330202 1656 1010 Bad debt 104025 104025 Institutional/Academic 40189 19199 20990 Collection expense 12968 12968 7588 7588 37847320 31777946 4811734 1257640 45396 162553 2526681 6281999 60000 0 901009 1022000 1458750 1520000 353328 32526833 18748568 14752728 13778265 745657 668370 349497 0 20839718 23786515 1961140 1763838 802705 560934 210000 210000 7566946 6873084 1839867 1468644 12380658 10876500 X 5888539 9842637 2570521 3067378 8459060 12910015 20839718 23786515 4450955 0 X X 0 1 X 1 1 1 X 3217410 2543955 4660986 1538576 4376067 16336994 3217410 2543955 4660986 1538576 4376067 16336994 1298982 15038012 240669 398143 337871 976683 472791 113807 586598 17900275 183370938 0.84010 0.78550 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2015 Amount: $ 472,791. 2016 Amount: $ 113,807. 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 545793 25000 8500 562293 555493 9700 545793 487857 67636 555493 2622097 5450 148341 6900 1692807 588324 487857 2595232 114788 25969 113892 2622097 0.00000 1.00000 0 0 858079 858079 27248208 15434402 11813806 3662612 3314166 348446 757934 757934 13778265 25503056 0 25503056 16795219 16795219 42298275 21052101 0 21052101 16795219 16795219 37847320 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 (d) - This is a prior period adjustment of -$1,692,807 to remove assets that were included as an irrevocable trust. Part XI, Line 4b - Other Adjustments: Student aid 16,795,219. Part XII, Line 4b - Other Adjustments: Student aid 16,795,219. 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 6/30/2020. 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 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 in The Oregonian newspaper and on Corban University's homepage. 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 received a Paycheck Protection Program (PPP) loan funded by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Additionally, the University was 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. Central America and the Caribbean 0 0 Program Services Mission trips 4006 Middle East 0 0 Program Services Mission trips 8924 Sub-Saharan Africa 0 0 Program Services Mission trips 16127 0 0 0 0 0 0 29057 0 29057 0 0 0 0 0 0 Part I, line 3: Expenditures are accounted for using the accrual method of accounting. Part III Accounting Method: X 0 Frey Resource Group 10117 SE Sunnyside Rd F128 Clackamas OR 97015 Grant writing and consulting 0 745500 121208 624292 745500 121208 624292 1 Student Scholarships and Grants 1594 16795219 Part I, Line 2: The organization utilizes financial aid software and a monitoring system to ensure that aid is awarded properly 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 205275 0 0 0 49825 0 0 0 12908 0 268008 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 X 2 254736 Selling Price 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 A, line 4 In October 2019, the Board of Trustees approved changes in the bylaws that formally delegate to the Finance Committee the roles and responsibilities of an Audit Committee. The committee was renamed the Finance & Audit Committee with added responsibilities that include meeting with the independent CPA firm to review the financial audit and auditor's prepared management letter. 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 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. Form 990, Part XII, line 2c In October 2019, the Board of Trustees approved changes to the bylaws that formally re-defined the Finance Committee as the Finance & Audit Committee. The Finance & Audit Committee is made up of a minimum of three trustees and its responsibilities include to meet with the independent CPA firm to review the results of the most recent financial audit and the contents of the auditor's prepared management letter.