2020-03-13T14:57:22-07:00 2019-04-30 680146027 AGT CPAS AND ADVISORS 1726 COURT ST REDDING CA 960011720 990 2018-05-01 680274677 Simpson University Foundation SIMP 5302445600 2211 college view drive redding CA 96003 Timothy Dietz CFO 2020-03-13 true Robert D Griffith CPA P00164244 5302413881 2018 2020-09-23 17:36:50Z Timothy Dietz 2211 college view drive redding CA 96003 3255440 false false X N/A Raise and manage private support for the benefit of Simpson University 5 5 0 8 0 530900 751228 0 378065 342431 1162 363 910127 1094022 628886 1081847 0 0 0 0 110698 112875 739584 1194722 170543 -100700 9739588 9656526 797960 758289 8941628 8898237 Raise and manage private support for the benefit of Simpson University false false 1081847 THE FOUNDATION RECEIVES AND TRANSFERS GIFTS TO SIMPSON UNIVERSITY. 1081847 true true false false false false false false false true false false false true true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false false false 0 false false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true true false X THE ORGANIZATION 5302445600 2211 COLLEGE VIEW DRIVE REDDING CA 96003 X Dr Raymond Reid Vice-Chairman 0.00 0.00 X X 0 0 0 Alan Burchett Chairman 0.00 0.00 X X 0 0 0 Dr JoAnne Cripe Vice Chair 0.00 0.00 X X 0 0 0 Dr James Postma Vice Chair 0.00 0.00 X X 0 0 0 Julie Irving Trustee 0.00 0.00 X 0 0 0 Wally Quirk COO 0.00 0.00 X X 0 0 0 Norman Hall President 0.00 0.00 X 0 0 0 Timothy Dietz CFO 0.00 0.00 X 0 0 0 0 false false false 0 751228 751228 0 364296 364296 0 0 0 2139553 2161418 -21865 -21865 -21865 0 0 0 Other Revenue 900099 363 363 363 1094022 363 342431 1081847 1081847 0 0 0 0 0 0 0 0 0 112875 112875 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1194722 1081847 112875 0 0 406012 135681 400000 431808 0 0 0 0 0 0 0 0 0 0 0 8933576 9089037 9739588 9656526 797960 758289 797960 758289 X 2678705 6262923 8898237 8941628 8898237 9739588 9656526 X -100700 67928 -1004 -9615 X false false false X 1438641 857885 924297 530900 751228 4502951 0 0 1438641 857885 924297 530900 751228 4502951 0 4502951 276634 362223 116743 378065 364296 1497961 0 2510 15749 7525 1162 363 27309 6028221 0.74700 0.78410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7400106 99629 281319 266543 7514511 7206577 118227 328316 253014 7400106 6539894 242463 561965 137745 7206577 6493269 406732 -137116 222991 6539894 6217158 228172 272282 224343 6493269 false false false Assets under annuity 1697925 Due to/Due from 9089037 LIABILITY UNDER ANNUITY/TRUST AGREEMENT 758289 758289 X Part V, Line 4: Intended uses of the endowment fund. THE INCOME FROM THE ENDOWMENT FUNDS ARE USED FOR THE BENEFIT OF SIMPSON UNIVERSITY. Part X : FIN48 Footnote ON 1 MAY 2008, THE UNIVERSITY ADOPTED FASB ASC 740-10, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE UNIVERSITY'S FINANCIAL STATMENTS IN ACCORDANCE WITH FASSB ASC 740, AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740-10 ALSO PROVIDES GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF FASB ASC 740-10 DID NOT HAVE A MATERIAL EFFECT ON THE UNIVERSITY. true SIMPSON UNIVERSITY 2211 COLLEGE VIEW DRIVE REDDING CA 96003 941339635 1081847 0 TO SUPPORT SIMPSON UNIVERSITY 1 0 Additional Supplemental Information PART I, LINE 2:SIMPSON UNIVERSITY FOUNDATION OPERATES FOR THE BENEFIT OF SIMPSON UNIVERSITY. THE FOUNDATION ADMINISTERS FUNDS RECEIVED AND DISBURSES THEM TO SIMPSON UNIVERSITY. Form 990, Part VI, Line 11b: Form 990 Review Process THE OUTSIDE CPA PREPARES A DRAFT OF THE RETURN. THE CFO AND CONTROLLER REVIEW THE RETURN. PRIOR TO FILING, THE 990 IS SENT ELECTROICALLY TO EACH BOARD MEMBER AND IS NOTIFIED VIA PHONE THAT THE RETURN WAS SENT OUT ELECTRONICALLY. BECAUSE THE FULL BOARD ONLY MEETS TWICE A YEAR; IN OCTOBER AND APRIL, THE BOARD AUTHORIZED THE FINANCE COMMITTEE OF THE BOARD TO APPROVE THE FILING OF THE 990 DURING THEIR MONTHLY MEETING. THE BOARD HAS 2 WEEKS TO SUBMIT ANY COMMENTS OR QUESTIONS PRIOR TO THE FINANCE COMMITTEE AUTHORIZING THE TAX FILING. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS SIGNED BY EACH MEMBER OF THE GOVERNING BOARD ON AN ANNUAL BASIS. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPENSATION DATA COMPILED FROM THE COALITION OF CHRISTIAN COLLEGES AND UNIVERSITY'S (CCCU) NATIONAL SALARY SURVEY. THIS DATA SHOWS CURRENT EXECUTIVE SALARIES AND CONSIDERS THOSE ALONG WITH THE STANDARD EMPLOYEE PAY INCREASE FOR ALL UNIVERSITY EMPLOYEES. THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FOR ALL EXECUTIVES. THE SECRETARY OF THE BOARD OF TRUSTEES SIGNS THE EMPLOYEE CONTRACTS FOR EXECUTIVES. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Other Changes In Net Assets Or Fund Balances - Other Decreases Change in value in CRT = -$9615