2020-03-18T16:50:02-05:00 2019-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2018-07-01 930386839 GEORGE FOX UNIVERSITY GEOR 5035388383 414 N MERIDIAN STREET NEWBERG OR 97132 VICKI PIERSALL CFO 5035388383 2020-03-12 1 WENDY CAMPOS P00448102 5032421447 2020-03-12 12.129.4.211 2020-03-12 18:40:19 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 82D2AADBC974838CCBF352300F6A9124D06588A1 2018 2020-09-23 17:36:50Z VICKI PIERSALL 414 N MERIDIAN STREET NEWBERG OR 97132 178514442 0 X WWW.GEORGEFOX.EDU X 1891 OR GEORGE FOX UNIVERSITY, A CHRIST CENTERED COMMUNITY, PREPARES STUDENTS SPIRITUALLY, ACADEMICALLY, AND PROFESSIONALLY TO THINK WITH CLARITY, ACT WITH INTEGRITY, AND SERVE WITH PASSION THROUGH BOTH UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS OF STUDY FOR APPROXIMATELY 4,100 STUDENTS. 36 31 2744 178 0 0 5508798 4565394 122290841 124515128 2932485 1648700 2265463 2339240 132997587 133068462 36610548 38058692 0 0 55805256 57048643 0 0 1192936 29430583 29854712 121846387 124962047 11151200 8106415 172443298 194146773 46038086 60104158 126405212 134042615 X GEORGE FOX UNIVERSITY, A CHRIST CENTERED COMMUNITY, PREPARES STUDENTS SPIRITUALLY, ACADEMICALLY, AND PROFESSIONALLY TO THINK WITH CLARITY, ACT WITH INTEGRITY, AND SERVE WITH PASSION. 0 0 62920557 37746719 85896864 QUALITY UNDERGRADUATE EDUCATION IN THE HUMANITIES, SCIENCES AND PROFESSIONAL STUDIES, WITH MORE THAN 40 MAJORS. 18910436 311973 24409231 QUALITY GRADUATE EDUCATION PROGRAMS IN THE AREAS OF PSYCHOLOGY, COUNSELING, PHYSICAL THERAPY, EDUCATION, BUSINESS AND SEMINARY, INCLUDING 5 SEMINARY DEGREES, 12 MASTERS AND DOCTORAL DEGREES, AND ADULT DEGREE COMPLETION EDUCATION PROGRAMS. 7700145 0 0 ATHLETIC PROGRAMS FOR MEN AND WOMEN DEVELOPING LEADERSHIP AND TEAM-BUILDING SKILLS, INCLUDING BASEBALL, SOFTBALL, VOLLEYBALL, BASKETBALL, TRACK, CROSS COUNTRY, SOCCER, GOLF, SWIMMING AND TENNIS (NCAA DIVISION 3), AND STUDENT LIFE EXPENDITURES. 18080289 0 2339240 ADMISSIONS, HOUSING, FOOD SERVICES. 18080289 0 2339240 107611427 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 5510 0 1 2744 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 36 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA OR WA X ROBIN E BAKER 5035388383 414 N MERIDIAN STREET NEWBERG OR 97132 DAVID WOOLSEY TRUSTEE CHAIR 5.00 X 0 0 0 DAVID ANDERSEN TRUSTEE 5.00 X 0 0 0 LARRY BAILEY TRUSTEE 5.00 X 0 0 0 KEN BEEBE TRUSTEE 5.00 X 0 0 0 CARRIE LAMM BISHOP TRUSTEE 5.00 X 0 0 0 DAN CAMMACK TRUSTEE 5.00 X 0 0 0 DON G CARTER TRUSTEE 5.00 X 0 0 0 RAYMOND CHEUNG TRUSTEE 5.00 X 0 0 0 CURTIS CLIMER TRUSTEE 5.00 X 0 0 0 GORDON L CRISMAN TRUSTEE 5.00 X 0 0 0 MIKE DELK TRUSTEE 5.00 X 0 0 0 FRANK ENGLE TRUSTEE 5.00 X 0 0 0 KEITH G GALITZ TRUSTEE 5.00 X 0 0 0 SCOTT GRATSINGER TRUSTEE 5.00 X 0 0 0 DAVE GREEN TRUSTEE 5.00 X 0 0 0 STEPHEN GULLEY TRUSTEE 5.00 X 0 0 0 DALE W HADLEY TRUSTEE 5.00 X 0 0 0 ERIC HAGEN TRUSTEE 5.00 X 0 0 0 ESTLE HARLAN TRUSTEE 5.00 X 0 0 0 ANDREA HERLING TRUSTEE 5.00 X 0 0 0 BRENT KIMBERLY TRUSTEE 5.00 X 0 0 0 JIM LE SHANA TRUSTEE 5.00 X 0 0 0 HEATHER LEWIS TRUSTEE 5.00 X 0 0 0 DEBORAH A MARTIN TRUSTEE 5.00 X 0 0 0 STANLEY D MORSE TRUSTEE 5.00 X 0 0 0 BARBARA D PALMER TRUSTEE 5.00 X 0 0 0 BRENT PETERSON TRUSTEE 5.00 X 0 0 0 VICTOR A PETERSON TRUSTEE 5.00 X 0 0 0 CAROLYN RAYBACK TRUSTEE 5.00 X 0 0 0 KEN REDFORD TRUSTEE 5.00 X 0 0 0 TRUMAN STONE TRUSTEE 5.00 X 0 0 0 STEPHEN M TATONE TRUSTEE 5.00 X 0 0 0 KENT L THORNBURG TRUSTEE 5.00 X 0 0 0 LANA THURSTON TRUSTEE 5.00 X 0 0 0 DAVE VANDELINDE TRUSTEE 5.00 X 0 0 0 SCOTT WINTER TRUSTEE 5.00 X 0 0 0 ROBIN BAKER PRESIDENT 60.00 X 386874 0 39116 MICHAEL REZA VP FOR ADVANCEMENT 60.00 X 74584 0 7532 VICKI PIERSALL CHIEF FINANCIAL OFFICER 60.00 X 221819 0 4720 RYAN DOUGHTERY VP FOR ENROLLMENT & MARKETING 60.00 X 131964 0 31793 LINDA SAMEK PROVOST 60.00 X 182470 0 27752 BRADLEY LAU VP FOR STUDENT LIFE 60.00 X 136601 0 24666 ROBERT WESTERVELT CHIEF STRATEGY OFFICER 60.00 X 199065 0 25491 ROBERT HARDER DEAN, COLLEGE OF ENGINEERI 60.00 X 166447 0 26532 MARY PETERSON PROFESSOR CLINICAL PSYCHOLOGY 60.00 X 144019 0 22794 JIM FOSTER DEAN, BEHAVIORAL HEALTH SCIENCES 60.00 X 134413 0 13154 JEFFERY HOUCK DIRECTOR OF RESEARCH, PROF 60.00 X 128992 0 24830 1907248 0 248380 35 0 1 0 TODD CONSTRUCTION INC PO BOX 949 TUALATIN OR 97062 CONSTRUCTION SERVICES 10210991 BON APPETIT PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 4094340 ANDERSEN CONSTRUCTION CO INC PO BOX 6712 PORTLAND OR 97228 CONSTRUCTION SERVICES 3523457 LAMAR COMPANIES PO BOX 96030 BATON ROUGE LA 70896 ADVERTISING SERVICES 285713 PORTLAND ROAD AND DRIVEWAY CO 10500 SE JENNIFER CLACKAMAS OR 97015 CONSTRUCTION SERVICES 271818 17 4565394 69598 4565394 STUDENT TUITION & FEES 611600 110306095 110306095 AUXILIARY ENTERPRISES 900099 14209033 14209033 124515128 1639000 1639000 45447780 7900 45437880 8100 9900 -200 9700 9700 ACTIVITY FEES & OTHER 611310 2339240 2339240 2339240 133068462 112645335 0 15857733 38058692 38058692 1423802 480391 541519 401892 41608980 33451885 7723363 433732 1997803 1814366 160625 22812 9222703 4837576 4292963 92164 2795355 2258725 478291 58339 288308 70316 217992 82173 82173 253488 253488 6449560 5683620 752580 13360 1267297 47234 1220063 6550193 4112689 2377506 59998 616211 95730 514025 6456 2385350 253385 2088017 43948 3734794 3466712 243626 24456 872997 738133 116856 18008 1168399 571407 596992 3692158 3692158 522785 100402 422383 ENTERTAINMENT 1006314 886184 106262 13868 MEMBERSHIPS 457820 182222 272623 2975 MAINTENANCE 288108 62401 225617 90 OVERHEAD ALLOCATED 0 6711841 -6711841 218757 35358 182561 838 124962047 107611427 16157684 1192936 24530 20930 2666492 28271653 2715266 1297653 1180937 1142139 1388922 1196336 169709 198008 182641317 66058013 100989557 116583304 63200374 45351529 107511 85221 172443298 194146773 7614585 7871174 6877304 7447266 21640776 34166072 4158387 3742213 959407 1019187 4787627 5858246 46038086 60104158 X 97361448 104593042 9098832 8807219 19944932 20642354 126405212 134042615 172443298 194146773 X 8106415 983126 -1452138 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 294447 0 0 X X X X 0 23639880 740228 1274752 462634 176872 122188 24893166 22821150 483203 1345936 659847 239534 111028 23639880 20442093 1054392 2211600 651981 234954 22821150 20894426 947281 -530355 663352 205907 20442093 21568324 151458 -656 824700 20894426 0.14000 0.80000 0.06000 1 0 14292849 14292849 116168620 35712861 80455759 9567343 5279168 4288175 29215899 25065984 4149915 13396606 13396606 116583304 ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE AND CHARITABLE REMAINDER TRUSTS 2460152 INTEREST RATE SWAPS LIABILITY 3398094 5858246 X 94352141 983126 -39445959 -38462833 132814974 253488 253488 133068462 86714738 64871 64871 86649867 253488 38058692 38312180 124962047 PART III, LINE 4: ART ITEMS ARE USED IN TEACHING, AND ANCIENT MANUSCRIPTS ARE PART OF AN ONGOING PROJECT TO PRESERVE AND SCAN ANCIENT MANUSCRIPTS FOR POSTERITY AND TO PROVIDE THE SCANNED DOCUMENTS FOR SCHOLARSHIP. PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS AND ALSO FOR OTHER DESIGNATED EDUCATIONAL PURPOSES AS REQUIRED BY THE DONOR. PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - THE UNIVERSITY RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE UNIVERSITY HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2019 AND 2018. THE UNIVERSITY RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS, IF ANY, AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED JUNE 30, 2019 AND 2018, THE UNIVERSITY RECOGNIZED NO INTEREST AND PENALTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE OF ANNUITIES PAYABLE -60,151. CHANGE IN PRESENT VALUE OF CHARITABLE REMAINDER TRUSTS -95,930. FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS -38,058,692. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP LIABILITY -1,231,186. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR PLEDGE WRITEOFFS 64,871. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 38,058,692. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR NON-DISCRIMINATION POLICY IS PUBLISHED ANNUALLY IN THE PORTLAND OREGONIAN NEWSPAPER AND IS AVAILABLE ON OUR WEBSITE AS WELL. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TITLE IV AID FOR SEOG, FEDERAL WORK STUDY AND PERKINS LOANS. THE UNIVERSITY ALSO ADMINISTERS GRANTS WITH THE NSF. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 21828 0 0 0 0 0 0 21828 0 21828 0 0 0 0 0 0 PART I, LINE 3: EXPENDITURES FOR CENTRAL AMERICA AND THE CARIBBEAN ARE USING FMV. 1 ACADEMIC SCHOLARSHIPS 2268 27893725 PERFORMANCE SCHOLARSHIPS 707 1002670 SEOG GRANTS 468 373257 ENDOWED & DESIGNATED SCHOLARSHIPS 363 639753 OTHER SCHOLARSHIPS 1574 8149287 PART I, LINE 2: ONCE THE SPECIFIC CRITERIA FOR EACH SCHOLARSHIP HAVE BEEN REVIEWED AND MET, GFU DISBURSES FINANCIAL AID FUNDS TO THE INDIVIDUAL STUDENT'S ACCOUNT DIRECTLY, ENSURING THAT THE FUNDS ARE USED AS INTENDED FOR TUITION AND EDUCATIONAL COSTS. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 ROBIN BAKER PRESIDENT 366874 0 20000 0 0 0 22241 0 16875 0 425990 0 0 0 VICKI PIERSALL CHIEF FINANCIAL OFFICER 215934 0 5885 0 0 0 4450 0 270 0 226539 0 0 0 RYAN DOUGHTERY VP FOR ENROLLMENT & MARKETING 123964 0 8000 0 0 0 8040 0 23753 0 163757 0 0 0 LINDA SAMEK PROVOST 175970 0 6500 0 0 0 10380 0 17372 0 210222 0 0 0 BRADLEY LAU VP FOR STUDENT LIFE 131601 0 5000 0 0 0 8250 0 16416 0 161267 0 0 0 ROBERT WESTERVELT CHIEF STRATEGY OFFICER 189065 0 10000 0 0 0 9960 0 15531 0 224556 0 0 0 ROBERT HARDER DEAN, COLLEGE OF ENGINEERI 166447 0 0 0 0 0 8277 0 18255 0 192979 0 0 0 MARY PETERSON PROFESSOR CLINICAL PSYCHOLOGY 144019 0 0 0 0 0 6478 0 16316 0 166813 0 0 0 JEFFERY HOUCK DIRECTOR OF RESEARCH, PROF 128992 0 0 0 0 0 7498 0 17332 0 153822 0 0 0 PART I, LINE 1A GEORGE FOX OWNS A HOME THAT IS SUITABLE FOR UNIVERSITY EVENTS AND FUNCTIONS THAT ARE HOSTED BY THE UNIVERSITY PRESIDENT AND HIS/HER SPOUSE. THE PRESIDENT IS PROVIDED WITH THIS HOUSING AND THE BENEFIT IS NOT INCLUDED IN TAXABLE INCOME. IN ORDER TO ENHANCE THE INFLUENCE OF THE UNIVERSITY IN THE LOCAL COMMUNITY, ARLINGTON CLUB DUES ARE PAID FOR THE PRESIDENT. THE ARLINGTON CLUB PROVIDES A FORUM FOR NETWORKING WITHIN THE BUSINESS COMMUNITY TO FIND PEOPLE INTERESTED IN INVESTING TIME AND RESOURCES IN HIGHER EDUCATION. DUES PAID ARE NOT INCLUDED IN TAXABLE INCOME. THE PRESIDENT'S SPOUSE'S ATTENDANCE IS REQUIRED FOR SOME EVENTS AND FUNCTIONS. TRAVEL FOR THOSE EVENTS/FUNCTIONS IS CONSIDERED TO BE AN ORDINARY AND NECESSARY BUSINESS EXPENSE FOR THE PRESIDENT'S SPOUSE TO ACCOMPANY HIM AND THEREFORE IS NOT INCLUDED IN TAXABLE INCOME. A YAMHILL COUNTY OREGON SERIES 2012A GEORGE FOX UNIVERSITY PROJECT 936002318 000000000 2012-07-04 19461225 RE-FINANCE OF 2005 BOND ISSUE AND NEW CONSTRUCTION 0 0 0 B YAMHILL COUNTY OREGON SERIES 2018 GEORGE FOX UNIVERSITY PROJECT 936002318 000000000 2018-04-12 15000000 CONSTRUCTION OF NEW DORMITORY AND RENOVATION OF EXISTING DORMITORY 0 0 0 A 19461225 181225 19280000 2012 1 0 1 1 B 15000000 280914 148530 14163346 407210 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 US BANK 10135 30.000000000000 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 POLLY PETERSON RELATIVE OF TRUSTEE BRENT PETERSON 48532 RELATIVE EMPLOYED BY GFU 0 MATT STUMP RELATIVE OF TRUSTEE STAN MORSE 61961 RELATIVE EMPLOYED BY GFU 0 TOM SAMEK RELATIVE OF OFFICER LINDA SAMEK 30739 RELATIVE EMPLOYED BY GFU 0 DWIGHT KIMBERLY RELATIVE OF TRUSTEE BRENT KIMBERLY 12190 RELATIVE EMPLOYED BY GFU 0 ANDERSEN CONSTRUCTION TRUSTEE DAVID ANDERSON 8759999 GENERAL CONTRACTOR FOR CAMPUS CONSTRUCTION 0 X 8 69598 MIDPOINT FMV DATE OF GIF 0 1 0 PART I, COLUMN (B): NUMBER REPORTED IS THE NUMBER OF CONTRIBUTIONS PART I, LINE 33: SMALL NON-CASH GIFTS (UNDER $5,000) ARE NOT REPORTED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTING FIRM. FINANCE OFFICE STAFF, THE CONTROLLER AND THE CFO REVIEW THE FORM 990 BEFORE FILING. THE BOARD OF TRUSTEES FINANCE COMMITTEE REVIEWS FORM 990 AFTER FILING AT THEIR NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO COMPLETE A NEW CONFLICT OF INTEREST FORM EACH YEAR. THE BOARD OF TRUSTEE RECORDS ARE MONITORED & REVIEWED BY THE PRESIDENT'S OFFICE. THE EMPLOYEE RECORDS ARE MONITORED AND REVIEWED BY THE EMPLOYEE EMPOWERMENT RECRUITER. THE FORMS ARE MAINTAINED IN THE EMPLOYEE EMPOWERMENT DEPARTMENT. PERIODICALLY DURING THE TIME-FRAME THAT THESE FORMS ARE SENT TO EMPLOYEES, THE EMPLOYEE EMPOWERMENT RECRUITER SENDS OUT ADDITIONAL REQUESTS TO THOSE WHO HAVE NOT COMPLETED THE FORMS. THIS INCLUDES CONTACTING EMPLOYEES' SUPERVISORS WHEN NECESSARY. IF A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST IS NOTATED ON A FORM BY THE EMPLOYEE OR TRUSTEE, EXECUTIVE DIRECTOR OF EMPLOYEE EMPOWERMENT REVIEWS IT. IF MORE INFORMATION IS NEEDED, SHE CONTACTS THE EMPLOYEE OR TRUSTEE. IF, IN THE DIRECTOR'S JUDGMENT, IT IS DEEMED NOT TO BE A CONFLICT OF INTEREST, THE FORM IS FILED AND NO FURTHER ACTION IS TAKEN. IF A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE DIRECTOR GIVES THE FORM TO THE EVP FOR FINANCE AND OPERATIONS TO REVIEW. IF NECESSARY, THE EVP THEN CONTACTS THE EMPLOYEE OR TRUSTEE OR THE HEAD OF THE DEPARTMENT THAT MIGHT BE IMPACTED BY THE CONFLICT OF INTEREST (IF IT IS AN OUTSIDE BUSINESS THE UNIVERSITY MIGHT CONTRACT WITH FOR SERVICES OR PRODUCTS) TO ENSURE THAT SOUND BUSINESS PRACTICES CONTINUE TO BE FOLLOWED IN SELECTING VENDORS, ETC. ANY EMPLOYEES OR TRUSTEES WITH CONFLICTS WILL BE PROHIBITED FROM ANY DELIBERATIONS AND DECISIONS RELATED TO THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FOR THE PRESIDENT OF THE UNIVERSITY: COMPENSATION IS EVALUATED AND ESTABLISHED BY THE BOARD OF TRUSTEES. NO CONFLICT OF INTEREST FOR MEMBERS EVALUATING AND REVIEWING THE PRESIDENT'S COMPENSATION EXISTS. THE BOARD REVIEWS AND DISCUSSES THE COMPENSATION OF OTHER UNIVERSITY PRESIDENTS WITHIN THE COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES, SPECIFICALLY, THE ONES WITH SIMILAR ENROLLMENT AND STUDENT DEMOGRAPHICS (PELL ELIGIBILITY, ETC.), AND THEN ADJUSTS FOR THE COST OF LIVING IN OTHER REGIONS. - COMPENSATION IS APPROVED BY THE BOARD. - DISCUSSION WITHIN THE BOARD REGARDING COMPENSATION ISSUES IS DOCUMENTED IN THE APPROPRIATE MINUTES OF THOSE MEETINGS, GENERALLY THE EXECUTIVE COMMITTEE OF THE BOARD. - THIS PROCESS IS DOCUMENTED THROUGH THE TRANSFER OF THIS DOCUMENTATION AND EMAIL CORRESPONDENCE BETWEEN EMPLOYEE EMPOWERMENT OFFICE AND THE PRESIDENT'S OFFICE. - A CONTRACT IS COMPLETED AND SIGNED BY A BOARD MEMBER AND SUPPLIED TO THE EMPLOYEE EMPOWERMENT OFFICE. CHANGES AND/OR ADJUSTMENTS TO THE PRESIDENT'S COMPENSATION ARE ALSO COMMUNICATED VIA EMAIL ON BEHALF OF A MEMBER OF THE BOARD. - FOR THIS PERIOD, THE REVIEW OF THE PRESIDENT'S COMPENSATION PACKAGE WAS COMPLETED IN FEBRUARY 2016. THE PRESIDENT'S COMPENSATION AND CONTRACT WILL BE COMPLETED AGAIN IN JULY 2022. FOR THE VICE PRESIDENTS AND PROVOST: COMPENSATION IS EVALUATED AND ESTABLISHED BY THE PRESIDENT OF THE UNIVERSITY. NO CONFLICT OF INTEREST EXISTS. THE PRESIDENT OF THE UNIVERSITY REVIEWS THE COMPENSATION OF OTHER UNIVERSITY VICE PRESIDENTS WITHIN THE COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES, SPECIFICALLY, THE ONES WITH SIMILAR ENROLLMENT AND STUDENT DEMOGRAPHICS (PELL ELIGIBILITY, ETC.), AND THEN ADJUSTS FOR THE COST OF LIVING IN OTHER REGIONS. CUPA-HR SURVEY DATA IS ALSO SUPPLIED TO THE PRESIDENT BY EMPLOYEE EMPOWERMENT FOR COMPARISON. - INDIVIDUAL COMPENSATION IS NEGOTIATED BETWEEN EACH VICE PRESIDENT AND THE PRESIDENT OF THE UNIVERSITY. THE BUDGET FOR THAT COMPENSATION IS APPROVED AS PART OF THE ENTIRE UNIVERSITY BUDGET BY THE BOARD OF TRUSTEES. - A CONTRACT IS COMPLETED FOR EACH VICE PRESIDENT AND SIGNED BY THE PRESIDENT OF THE UNIVERSITY. - THIS PROCESS IS DOCUMENTED THROUGH THE TRANSFER OF THIS DOCUMENTATION AND EMAIL CORRESPONDENCE BETWEEN EMPLOYEE EMPOWERMENT AND THE PRESIDENT'S OFFICE. CURRENT CONTRACTS RUN AS FOLLOWS: CHIEF FINANCIAL OFFICER - AUGUST 2017 THROUGH JUNE 2018. VP OF ENROLLMENT AND MARKETING - JULY 2017 THROUGH JUNE 2019. VP OF STUDENT LIFE - JUNE 2015 THROUGH JUNE 2018. VP OF ADVANCEMENT - THIS POSITION WAS VACANT DECEMBER 15, 2017 THROUGH JUNE 2018. PROVOST - JUNE 2015 THROUGH JUNE 2018. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE ON THE UNIVERSITY'S WEBSITE. FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF ANNUITIES PAYABLE -60,151. CHANGE IN PRESENT VALUE OF CHARITABLE REMAINDER TRUSTS -95,930. WRITE-OFF OF PRIOR YEAR PLEDGES -64,871. UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP -1,231,186. FORM 990 PART XII LINE 2C N/A 990 PART V LINE 3A AND 3B SUBEQUENT TO THE FILING OF THE EXTENSION FOR THE 2018 (FYE 6/30/2019) FOR 990-T, THE TAXPAYER CERTAINTY AND DISASTER TAX RELIEF ACT OF 2019 RETROACTIVELY REPEALED THE UNRELATED BUSINESS INCOME TAXABILITY OF QUALIFIED TRANSPORTATION FRINGE BENEFITS FOR TAX EXEMPT ORGANIZATIONS. WITHOUT SUCH QUALIFIED TRANSPORTATION FRINGE BENEFITS BEING TAXABLE AS UNRELATED BUSINESS INCOME, THE TAXPAYER DOES NOT HAVE A FILING REQUIREMENT OR A TAX LIABILITY WITH RESPECT TO THE FORM 990-T. ADDITIONALLY, THE TAXPAYER HAS RECEIVED A REFUND OF ALL UNRELATED BUSINESS INCOME TAX PAYMENTS PAID TO DATE FOR THIS 2018 (FYE 6/30/2019) TAX YEAR. THEREFORE, THE TAXPAYER WILL NOT BE FILING A FORM 990-T FOR THE 2018 (FYE 6/30/2019) TAX YEAR. CHARITABLE REMAINDER UNITRUSTS (15) 414 N MERIDIAN NEWBERG OR 97132 CHARITABLE REMAINDER TRUST OR GEORGE FOX UNIVERSITY T 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0