2020-06-07T18:51:37-05:00 2019-06-30 Grant Thornton LLP 515 S Flower Street 7th Floor LOS ANGELES CA 90071 990 2018-07-01 951644026 University of La Verne % LORI GORDIEN CASE UNIV 9095933511 1950 Third Street La Verne CA 917504401 AVO KECHICHIAN CFO 9095933511 2020-06-05 true QI WEN LIANG P01270238 2136271717 2020-05-29 69.26.142.67 95361120201595000000 2020-06-07 P 85285106D67D06EDFF820F5FFC2BA856D01BFB4B 85285106D67D06EDFF820F5FFC2BA856D01BFB4B 2018 2020-09-23 17:36:50Z Devorah A Lieberman 1950 Third Street La Verne CA 917504401 399345131 false X www.laverne.edu X 1891 CA TO PROVIDE OPPORTUNITIES FOR STUDENTS TO ACHIEVE EDUCATIONAL GOALS AND BECOMING CONTRIBUTING CITIZENS TO THE GLOBAL COMMUNITY. 33 30 2718 33 0 0 17172355 9886796 206091950 212970217 8279693 12864191 643788 451213 232187786 236172417 55036115 59940898 0 0 91988313 94190921 0 0 4616718 56853562 59326108 203877990 213457927 28309796 22714490 418099884 429745174 167347586 159158328 250752298 270586846 THE UNIVERSITY OF LA VERNE OFFERS A DISTINCTIVE AND RELEVANT EDUCATIONAL EXPERIENCE TO A DIVERSE POPULATION OF TRADITIONAL-AGE, ADULT, AND GRADUATE LEARNERS, PREPARING THEM FOR SUCCESSFUL CAREERS AND A COMMITMENT TO LIFE-LONG LEARNING ACROSS THE LIBERAL ARTS AND PROFESSIONAL PROGRAMS. false false 174478729 59940898 213564896 UNIVERSITY OF LA VERNE OFFERS HIGH QUALITY DEGREE PROGRAMS TO BOTH TRADITIONAL-AGE AND ADULT LEARNERS: PROVIDING LIBERAL ARTS AND PROFESSIONAL PROGRAMS FORM UNDERGRADUATE TO DOCTORAL LEVELS, AND DELIVERING PROGRAMS TO STUDENTS AT THE CENTRAL LA VERNE CAMPUS AS WELL AS REGIONAL CAMPUSES AND SATELLITE CLASS LOCATIONS THROUGHOUT CALIFORNIA. THE UNIVERSITY PROVIDES A STUDENT-CENTERED, VALUES-BASED, AND DIVERSE LEARNING ENVIRONMENT. IT TAKES PRIDE IN OFFERING SMALL CLASS SIZES IN A HIGHLY PERSONALIZED SETTING. THE UNIVERSITY ENCOURAGES EFFECTIVE TEACHING, RESEARCH, SCHOLARLY CONTRIBUTIONS, AND SERVICE TO THE GREATER COMMUNITY BY SHARING ITS ACADEMIC, PROFESSIONAL, AND INDIVIDUAL RESOURCES. UNIVERSITY OF LA VERNE PROVIDES EDUCATIONAL SERVICES TO 9,774 UNDERGRADUATE, GRADUATE, LAW, AND DOCTORAL STUDENTS. 174478729 true true false true false false false false false true true false false false true true true false true false true false false false true false false false true true true false false false false false false true false true true true true false false false true false false false true 245 1 true 2718 true false false false false false true true false false false false false false X 33 30 true false false false false false false true true false false true true true true true true true true false CA X X LORI GORDIEN CASE 9095933511 1950 THIRD STREET La Verne CA 917504401 Steven N Reenders Vice Chair 3.0 0.0 X X 0 0 0 Susan M Searing Secretary 3.0 0.0 X X 0 0 0 Michael A Abraham Trustee 3.0 0.0 X 0 0 0 Kim J Burchiel MD Trustee 3.0 0.0 X 0 0 0 Kim Bowen Trustee 3.0 0.0 X 0 0 0 Ann Quay Davis Trustee 3.0 0.0 X 0 0 0 Robert Dyer Trustee 3.0 0.0 X 0 0 0 Peter Eckel Trustee 3.0 0.0 X 0 0 0 Anthony Revier Trustee 3.0 0.0 X 0 0 0 Joseph V Fengler Trustee 3.0 0.0 X 0 0 0 William Hawkins Trustee 3.0 0.0 X 0 0 0 Anthony LaFetra Trustee 3.0 0.0 X 0 0 0 Wendy Lau Esq Trustee 3.0 0.0 X 0 0 0 Alex Lester Esq Trustee 3.0 0.0 X 0 0 0 Kenneth D Little Trustee 3.0 0.0 X 0 0 0 Mary Ann Melleby Trustee 3.0 0.0 X 0 0 0 Paul Moseley Trustee 3.0 0.0 X 0 0 0 Stephen Phinny Trustee 3.0 0.0 X 0 0 0 Leslie Porras Trustee 3.0 0.0 X 0 0 0 Deborah Proctor Trustee 3.0 0.0 X 0 0 0 Mark Hicks Trustee/Adjunct 3.0 0.0 X 34967 0 0 Valerie C Romero Trustee 3.0 0.0 X 0 0 0 Margaret Sedenquist Trustee 3.0 0.0 X 0 0 0 David D Shively DDS Trustee 3.0 0.0 X 0 0 0 Alan Simon Trustee 3.0 0.0 X 0 0 0 Owen Ray Skelton Trustee 3.0 0.0 X 0 0 0 Emmett L Terrell Trustee 3.0 0.0 X 0 0 0 Reggie Webb Trustee 3.0 0.0 X 0 0 0 Luis Faura Chairman 3.0 0.0 X X 0 0 0 Devorah A Lieberman President 40.0 0.0 X X 566473 0 181682 David Lizarraga Trustee 3.0 0.0 X 0 0 0 Zoila Escobar Trustee 3.0 0.0 X 0 0 0 Martha Daniel Trustee 3.0 0.0 X 0 0 0 Jonathan Reed Provost 40.0 0.0 X 251432 0 25279 Avedis Kechichian Chief Financial Officer 40.0 0.0 X 268163 0 114636 Homa Shabahang VP, Enrllmt Mngmt Thru 6/29/18 40.0 0.0 X 411250 0 19661 Clive Houston-Brown Thru 12919 VP, HR, IT, Fac & Sfty 40.0 0.0 X 300750 0 51591 Ibrahim Helou Dean, College of Business 40.0 0.0 X 204395 0 45946 Kevin Marshall Prof/Int Dean, College of Law 40.0 0.0 X 205809 0 42209 David Smith Dean,ROC Emeritus Thru 6/29/18 40.0 0.0 X 119554 0 14882 Kimberly White-Smith Dean, College of Education 40.0 0.0 X 179836 0 45698 Sherri Mylott VP, University Advancement 40.0 0.0 X 238871 0 60180 Lawrence T Potter Dean,Coll.of Arts Thru 1/25/19 40.0 0.0 X 191846 0 31399 Nelly Kazman Interim Dean of ROC 40.0 0.0 X 163061 0 12928 Gilbert Holmes Professor 40.0 0.0 X 275302 0 44264 Beatriz Gonzalez Vice Provost/CDO Thru 6/3/19 40.0 0.0 X 203129 0 36801 Juanda Daniel Univ General Cnsl Thru 5/22/19 40.0 0.0 X 216531 0 23641 Placido Gomez Professor of Law 40.0 0.0 X 201277 0 52568 Michael O'Connor Professor 40.0 0.0 X 196760 0 43910 4229406 0 847275 182 false true false Perera Construction Design Inc 2890 Inland Empire Blvd Suite 102 ONTARIO CA 91764 Construction 9885150 Professional Development Courses 1455 Yacht Haven Rd FRIDAY HARBOR WA 98250 Correspondent Work 9447814 Bernards 555 1st St SAN FERNANDO CA 91340 Construction 8374146 Bon Appetit PO Box 50196 LOS ANGELES CA 90074 Dining Service 3919466 Sodexo Inc Affiliates 9801 Washingtonian Blvd GAITHERSBURG MD 20878 Housekeeping 2198935 64 458590 2985181 6443025 637999 9886796 TUITION & FEES 617710 200606064 200606064 0 0 AUXILIARY ENTERPRISES 611710 11967605 11967605 0 0 SPONSORED PROGRAMS 900099 144184 144184 0 0 TICKET SALES & EVENTS 900099 125215 125215 0 0 BOOKSTORE 900099 127149 127149 0 0 212970217 4599884 4599884 102991 102991 0 65189 65189 0 65189 65189 170958949 162797633 8161316 8161316 8161316 72911 458590 375081 -302170 -302170 0 0 0 0 0 0 USE OF FACILITIES 900099 254688 254688 0 0 STUDENT PROJECT SALES 900099 116039 116039 STAFF PARKING FEES 900099 93515 93515 223952 223952 0 688194 236172417 213564896 0 12720725 0 59940898 59940898 0 0 3129081 1603381 1058169 467531 304836 189964 114872 73374441 60544578 10440582 2389281 5844348 4571454 1014234 258660 6308118 4602186 1395472 310460 5230097 4370417 678120 181560 0 489729 20914 468815 127151 127151 1040 1040 0 237117 237117 11968915 6539760 5019507 409648 1388787 84056 1217512 87219 4348955 2209885 1902266 236804 3986830 1362396 2611981 12453 0 5570737 3118691 2451801 245 2335646 1881149 270995 183502 0 302323 221212 64331 16780 5130593 4056505 1074088 0 8955049 6204096 2750953 2422561 1596302 826259 CONTRACTED TEACHING SERVICES 6392960 6386560 6400 0 CONTRACTED FOOD SERVICES 3465771 3328345 87390 50036 EQPT RENTAL & MAINTENANCE 1355637 799673 543425 12539 ALLOWANCE FOR BAD DEBT 192317 192317 0 0 653990 653990 213457927 174478729 34362480 4616718 27925 36504 77310041 65677589 3916344 2839545 1938124 5877491 0 0 0 0 0 0 19431 21623 3178238 2660010 300455432 114741140 177190889 185714292 132319116 144430707 17506573 18083386 4693203 4404027 0 0 0 0 418099884 429745174 14617557 11725062 0 0 12719801 11672319 133873669 129348245 0 0 0 0 471753 933291 0 0 5664806 5479411 167347586 159158328 X 165408821 177329092 44517355 49509177 40826122 43748577 250752298 270586846 418099884 429745174 X 22714490 -5079246 2401366 -202062 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false true 1040 false false 1040 false DESCRIPTION OF LOBBYING ACTIVITIES SCHEDULE C, PART II-B: DURING THE TAX YEAR, THE UNIVERSITY INCURRED LOBBYING EXPENSES RELATED TO THE LEGISLATIVE ACTION SURROUNDING CAL GRANTS. THREE STUDENTS ACCOMPANIED UNIVERSITY MANAGEMENT OFFICIALS TO EXPRESS THE CONTINUED NEED FOR CAL GRANTS, WHICH PROVIDES GRANTS TO LOW-AND MODERATE-INCOME COLLEGE STUDENTS IN CALIFORNIA. 103743414 2969582 4537094 1878905 109371185 98125425 2143095 5353097 1878203 103743414 78806047 6459868 11813492 -1256266 210248 98125425 68802897 14423878 -3343388 590306 487034 78806047 63243924 5032095 1446733 566908 352947 68802897 0.40000 0.36000 0.24000 false false 263105 26438027 26701132 159833951 50391441 109442510 38411457 15203560 23207897 60233091 48667543 11565548 15275801 478596 14797205 185714292 0 ANNUITIES PAYABLE 2891850 FEDERAL STUDENT LOAN FUNDS 2587561 5479411 X 173949274 -5079246 -57281861 -62361107 236310381 237117 -375081 -137964 236172417 156516092 577143 577143 155938949 237117 57281861 57518978 213457927 INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4: THE BOARD MEMBERS OF THE UNIVERSITY, IN SETTING THE ENDOWMENT SPENDING POLICY, CONSIDERED THE FOLLOWING FACTORS: 1) PRESERVATION OF ASSET VALUES, 2) PRESERVATION OF PURCHASING POWER, AND 3) CONSISTENCY OF SPENDING OVER TIME. THE UNIVERSITY'S BOARD ADOPTED A SPENDING POLICY OF 4.75% WITH A VIEW TOWARD BALANCING THE NEED FOR EXPENDABLE FUNDS FOR UNIVERSITY PROGRAMS AGAINST THE NEED TO PRESERVE THE ENDOWMENT AGAINST INFLATION. IN ORDER TO ACHIEVE THE OBJECTIVE OF MAINLINING PURCHASING POWER, THE ENDOWMENT'S ANNUAL RATE OF RETURN MUST EQUAL THE ANNUAL DISTRIBUTION, PLUS INFLATION, PLUS MANAGEMENT, CUSTODIAL AND ADMINISTRATIVE FEES. THE DISTRIBUTION TO THE UNIVERSITY IS BASED ON A 12 QUARTER MOVING AVERAGE OF THE MARKET VALUE. THIS SPENDING METHOD PROTECTS THE UNIVERSITY'S DISTRIBUTION FROM THE INCREASED VOLATILITY IN THE MARKETS. DISTRIBUTIONS ARE PROVIDED TO STUDENTS FOR SCHOLARSHIPS, VARIOUS COLLEGES, AND PROGRAMS IN ACCORDANCE WITH DONOR DESIGNATIONS. THE DISTRIBUTIONS ARE REFLECTED IN THE NET ASSETS OF THE ENDOWMENT FUND. SCHEDULE D, PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE 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 23701(D) 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 IT 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. RECONCILIATION OF REVENUES PER AUDITED FINANCIAL STATEMENTS WITH RETURN SCHEDULE D, PART XI, LINE 2D: STUDENT FINANCIAL AID: $(57,281,861) SCHEDULE D, PART XI LINE 4B: FUNDRAISING EXPENSES: $(375,081) RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN SCHEDULE D, PART XII, LINE 2D: FUNDRAISING EXPENSES: $375,081 NET CHANGE IN ACTUARIAL OBLIGATIONS: $202,062 SCHEDULE D, PART XII, LINE 4B: STUDENT FINANCIAL AID: $57,281,861 true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3: THE UNIVERSITY CUSTOMARILY DRAWS STUDENTS FROM THE LOCAL COMMUNITIES. THE UNIVERSITY FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AND ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. GOVERNMENT ASSISTANCE SCHEDULE E, PART I, LINE 6A: THE UNIVERSITY RECEIVES ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION, THE U.S. SMALL BUSINESS ADMINISTRATION, AND THE CALIFORNIA COMMISSION ON TEACHING CREDENTIALING. Central America and the Caribbean Investments 6747435 6747435 6747435 true false true false false false Schedule F, Part IV THE SCHOOL INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR PARTNERSHIPS. IN ADDITION, THE SCHOOL INVESTS IN DOMESTIC LIMITED PARTNERSHIP THAT MAY, IN TURN INVEST IN FOREIGN CORPORATION OR PARTNERSHIPS. NEVERTHELESS, THE INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, OR 8865. TO THE EXTENT THAT THE SCHOOL IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, IT IS FILED WITH THE SCHOOLS FORM 990-T. GALA 471341 417360 53981 29933 75429 92586 3245 105921 GOLF 60160 41230 18930 1400 12895 15605 27897 10170 0 531501 458590 72911 1400 42828 91034 120483 3245 116091 375081 -302170 true Scholarships / Grants for Students 5140 59940898 PROCEDURE FOR MONITORING GRANTS IN THE U.S. SCHEDULE I, PART I, LINE 2: STUDENTS WHO RECEIVE GRANTS FROM THE UNIVERSITY ARE DETERMINED IN ACCORDANCE WITH THE UNIVERSITY'S STANDARD POLICIES AND PROCEDURES. IN SUMMARY, A STUDENT IS REQUIRED TO COMPLETE A FAFSA TO BE CONSIDERED FOR FINANCIAL AID ASSISTANCE. UPON COMPLETION OF THE FAFSA, THE UNIVERSITY IS PROVIDED THE STUDENT'S ESTIMATED FAMILY CONTRIBUTIONS (EFC). BASED ON THE EFC AND OTHER CRITERIA (I.E. ENROLLMENT STATUS, ACADEMIC STANDING, ETC.), THE OFFICE OF FINANCIAL AID MAY AWARD A STUDENT AN INSTITUTIONAL GRANT. THERE ARE SYSTEMIC PROCEDURES IN PLACE TO ENSURE THAT THE GRANT IS APPLIED AGAINST TUITION AND MEETS THE REQUIREMENTS OF THE SPECIFIC GRANT. STUDENT ACCOUNTS AND THE OFFICE OF FINANCIAL AID ARE RESPONSIBLE FOR MONITORING THE STUDENT'S FINANCIAL AID STATUS WHILE AT THE UNIVERSITY. X X X true true X X X true false false false false false false false false Devorah A Lieberman President 520417 0 0 0 46056 0 27500 0 154182 0 748155 0 0 0 Jonathan Reed Provost 251432 0 0 0 0 0 25174 0 105 0 276711 0 0 0 Avedis Kechichian Chief Financial Officer 240643 0 25000 0 2520 0 24950 0 89686 0 382799 0 0 0 Homa Shabahang VP, Enrllmt Mngmt Thru 6/29/18 164929 0 0 0 246321 0 12217 0 7444 0 430911 0 0 0 Clive Houston-Brown Thru 12919 VP, HR, IT, Fac & Sfty 273236 0 25000 0 2514 0 24899 0 26692 0 352341 0 0 0 Gilbert Holmes Professor 269947 0 0 0 5355 0 27500 0 16764 0 319566 0 0 0 Ibrahim Helou Dean, College of Business 204395 0 0 0 0 0 21330 0 24616 0 250341 0 0 0 H Randall Rubin Professor of Law 188808 0 0 0 2404 0 19913 0 28055 0 239180 0 0 0 Kevin Marshall Prof/Int Dean, College of Law 205809 0 0 0 0 0 21196 0 21013 0 248018 0 0 0 David Smith Dean,ROC Emeritus Thru 6/29/18 93292 0 0 0 26262 0 7647 0 7235 0 134436 0 0 0 Beatriz Gonzalez Vice Provost/CDO Thru 6/3/19 202649 0 0 0 480 0 19965 0 16836 0 239930 0 0 0 Kimberly White-Smith Dean, College of Education 179836 0 0 0 0 0 18544 0 27154 0 225534 0 0 0 Juanda Daniel Univ General Cnsl Thru 5/22/19 216008 0 0 0 523 0 21817 0 1824 0 240172 0 0 0 Sherri Mylott VP, University Advancement 213871 0 25000 0 0 0 22664 0 37516 0 299051 0 0 0 Lawrence T Potter Dean,Coll.of Arts Thru 1/25/19 191664 0 0 0 182 0 18704 0 12695 0 223245 0 0 0 Placido Gomez Professor of Law 201277 0 0 0 0 0 16147 0 36421 0 253845 0 0 0 Michael O'Connor Professor 195139 0 0 0 1621 0 16148 0 27762 0 240670 0 0 0 Nelly Kazman Interim Dean of ROC 163061 0 0 0 0 0 12823 0 105 0 175989 0 0 0 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A: THE UNIVERSITY PROVIDES THE PRESIDENT WITH OFF-CAMPUS HOUSING. PERSONAL USE OF THE HOUSE IS CALCULATED AND REFLECTED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III), WITH THE REMAINING VALUE SHOWN AS A NON-TAXABLE BENEFIT ON SCHEDULE J, PART II, COLUMN (D). PERSONAL SERVICES SCHEDULE J, PART I, LINE 1A: THE UNIVERSITY PROVIDES THE PRESIDENT WITH HOUSEKEEPING SERVICES AS PART OF THE HOUSING PROVIDED BY THE UNIVERSITY. PERSONAL USE OF THE HOUSEKEEPING SERVICE IS CALCULATED AND REFLECTED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III), WITH THE REMAINING VALUE SHOWN AS A NON-TAXABLE BENEFIT ON SCHEDULE J, PART II, COLUMN (D). HEALTH CLUB OR SOCIAL CLUB DUES SCHEDULE J, PART I, LINE 1A: THE UNIVERSITY PROVIDES A SOCIAL CLUB MEMBERSHIP TO THE PRESIDENT IN ORDER TO PROVIDE NETWORKING OPPORTUNITIES FOR THE UNIVERSITY. THE AMOUNT IS REFLECTED AS A NONTAXABLE BENEFIT ON SCHEDULE J, PART II, COLUMN (D). SEVERANCE PAYMENTS SCHEDULE J, PART I, LINE 4A: HOMA SHABAHANG, FORMER VICE PRESIDENT OF ENROLLMENT MANAGEMENT, AND DAVID SMITH, FORMER DEAN, RECEIVED SEVERANCE PAYMENTS OF $244,899 AND $25,489, RESPECTIVELY, DURING CALENDAR YEAR 2018, WHICH IS REPORTED IN OTHER REPORTABLE COMPENSATION ON SCHDULE J, PART II, COLUMN B (III). A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048T2U6 2017-04-20 130743561 Construction & Refund Prior Bonds false false false A 28715000 55503451 131198150 0 29456916 55542700 1309010 0 0 44885483 0 4041 2018 true true true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false false false true false false 0 false 0 false true A true DATA FOR PREVIOUS ISSUES THAT WERE REFUNDED SCHEDULE K, PART I, COLUMN F: THE CMFA 2015A AND 2010A BONDS WERE REFINANCED TO THE CMFA 2017 A&B BOND ISSUE. THE CMFA 2010A AND CMFA 2015 BONDS WERE COLLATERALIZED BY PARCELS OF LAND, AND HAD VARIOUS DEBT COVENANTS. THE CMFA 2017 A&B BONDS ARE UNSECURED AND HAVE NO FINANCIAL DEBT COVENANTS. IN ADDITION TO REFINANCING PRIOR BONDS, THE CMFA 2017 A&B BONDS, PROVIDED AN ADDITIONAL $42,000,000 OF FUNDS. THE FUNDS WERE MOSTLY UTILIZED TOWARD THE CONSTRUCTION OF A NEW RESIDENCE AND DINING HALL. SCHEDULE K, PART II, LINE 3 DUE TO INTEREST EARNINGS OF $454,589 ON THE CMFA A&B BOND ISSUE, THE TOTAL PROCEEDS OF ISSUE ON LINE 3 OF $131,198,150 WILL NOT RECONCILE BACK TO THE TOTAL ISSUE PRICE IN PART I, ROW A, COLUMN E OF $130,473,561. 64148 Tuition Remission EDUCATIONAL SUPPORT Michelle Kechichian Family member of CFO 88086 Compensation for Employment false Ankine Kechichian Family member of CFO 114872 Compensation for Employment false Paul Mylott Family member of VP Adv 31750 Compensation for Consulting false Lisa Lester Family member of trustee 69330 Compensation for Employment false Schedule L, Part IV THE EMPLOYMENT AND CONSULTING CONTRACTS BETWEEN THE UNIVERSITY AND THE INDIVIDUALS LISTED ARE INDEPENDENT OF THEIR FAMILY RELATIONSHIP WITH THE INTERESTED PERSONS OF THE UNIVERSITY. ALL TRANSACTIONS ARE DEEMED ARMS LENGTH. X 1 3000 Donor appraised X 500000 Donor appraised X 8 86869 FMV X 1 32250 Donor appraised X Miscellaneous Small Gifts 25 5434 Donor appraised X Wine for Gala 1 10446 Donor appraised false true true USE OF THIRD PARTIES TO SOLICIT, PROCESS, OR SELL NONCASH CONTRIBUTIONS SCHEDULE M, PART I, LINE 32B: THE UNIVERSITY MAY UTILIZE ORGANIZATIONS TO LIQUIDATE NON-CASH CONTRIBUTIONS IF IT IS DETERMINED THAT IT DOES NOT WANT TO MAINTAIN THE CONTRIBUTION AND THE DONOR RESTRICTIONS ALLOW FOR SUCH LIQUIDATION. THE THIRD-PARTY ORGANIZATION SELECTED DEPENDS ON THE TYPE OF CONTRIBUTION RECEIVED AND THE MARKET IN WHICH IT CAN BE LIQUIDATED. FOR EXAMPLE, THE UNIVERSITY MAY UTILIZE A PROPERTY MANAGEMENT FIRM TO POST AVAILABLE PROPERTIES OF REAL ESTATE. Executive Committee FORM 990, PART VI, SECTION A, LINE 1A: THE EXECUTIVE COMMITTEE SHALL CONSIST OF NO FEWER THAN SEVEN (7) OR MORE THAN TWELVE (12) TRUSTEES. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE PRESIDENT OF THE UNIVERSITY, BOARD CHAIR, VICE-CHAIR, SECRETARY, COMMITTEE CHAIRS, AND ONE AT-LARGE MEMBER RECOMMENDED BY THE BOARD CHAIR AND ELECTED BY THE MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE BOARD OF THE BOARD OF TRUSTEES SHALL ALSO SERVE AS THE OFFICERS OF THE EXECUTIVE COMMITTEE. THE VICE-PRESIDENT OF FINANCE AND TREASURER OF THE UNIVERSITY SHALL SERVE AS AN EX-OFFICIO MEMBER OF THIS COMMITTEE, WITHOUT THE POWER TO VOTE, AND S/HE SHALL NOT BE COUNTED AS A MEMBER OF THE COMMITTEE FOR ANY PURPOSE. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE THE FULL AUTHORITY OF THE BOARD WITH THE FOLLOWING EXCEPTIONS: I. FILL VACANCIES ON THE BOARD OF TRUSTEES OR IN ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD; II. AMEND OR REPEAL THESE BYLAWS OR ADOPT NEW BYLAWS; III. AMEND OR REPEAL ANY RESOLUTION OF THE BOARD WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEALABLE; IV. APPOINT COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF; V. APPROVE OF ANY SELF-DEALING TRANSACTION EXCEPT AS PROVIDED BY LAW; OR VI. ANY OTHER ACTIONS PROHIBITED BY CALIFORNIA CORPORATIONS CODE SECTION 5212 (A). IN ADDITION, THE EXECUTIVE COMMITTEE MAY NOT AWARD DEGREES OR APPOINT OR REMOVE THE PRESIDENT OF THE UNIVERSITY UNLESS SPECIFICALLY EMPOWERED BY THE BOARD OF TRUSTEES TO DO SO. BUSINESS RELATIONSHIPS AMONG OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES FORM 990, PART VI, SECTION A, LINE 3: TRUSTEES REGINALD WEBB AND EMMETT TERRELL HAVE A BUSINESS RELATIONSHIP. THIS RELATIONSHIPS IS OTHERWISE INDEPENDENT OF THE UNIVERSITY. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B: THE INFORMATION/DATA FOR THE 990 IS PRIMARILY GATHERED, CALCULATED, AND COMPILED BY THE UNIVERSITYS DIRECTOR OF ACCOUNTING. UPON COMPLETING THESE STEPS, THE INFORMATION IS FORWARDED TO THE ASSOCIATE VICE PRESIDENT OF FINANCE FOR REVIEW AND APPROVAL. ONCE APPROVED THE INFORMATION/DATA IS SENT TO THE ACCOUNTING FIRM GRANT THORNTON LLP TO PREPARE THE FORM 990. ONCE COMPLETED, THE FORM 990 IS FORWARDED TO THE DIRECTOR OF ACCOUNTING TO ENSURE THAT THE INFORMATION THAT HAD BEEN ORIGINALLY PROVIDED WAS ENTERED CORRECTLY ONTO THE FORM. THE ASSOCIATE VICE PRESIDENT OF FINANCE ALSO PERFORMS A REVIEW OF THE RETURN, AFTER WHICH IT IS FORWARDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW, COMMENTS, AND APPROVAL. THE FULL FILING COPY OF THE APPROVED FORM 990 IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES THROUGH THE POSTING ON A SECURE WEBSITE PRIOR TO FILING WITH THE IRS. MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C: TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, THERE ARE ANNUAL SIGNED STATEMENTS OBTAINED FROM OFFICERS, TRUSTEES AND KEY EMPLOYEES. THE ASSOCIATE VICE PRESIDENT OF FINANCE REVIEWS THE STATEMENTS FOR DISCLOSURE OF ANY POTENTIAL CONFLICTS. IN ADDITION, THE OFFICE OF GENERAL COUNSEL REVIEWS ALL CONTRACTS THAT INVOLVE THE UNIVERSITY AND EMPLOYEES (OR A FAMILY MEMBER), TRUSTEE (OR FAMILY MEMBER), FOR ANY CONFLICTS OF INTEREST. REVEALED CONFLICTS ARE REPORTED ON THE FORM 990, AND REVIEWED BY MEMBERS OF THE BOARDS AUDIT COMMITTEE TO DETERMINE ANY FURTHER ACTION IF NECESSARY. PROCESS FOR DETERMINING COMPENSATION OF OFFICERS & KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINE 15: THE BOARD OF TRUSTEES ESTABLISHES THE SALARY OF THE PRESIDENT, AND THE PRESIDENT ESTABLISHES THE SALARIES FOR THE UNIVERSITY'S VICE PRESIDENTS. THE HUMAN RESOURCES DEPARTMENT REVIEWS THE UNIVERSITY'S SALARIES & COMPENSATION AND COMPARES THE INFORMATION TO BOTH NATIONAL AND LOCAL COMPARABILITY DATA TO ENSURE THE UNIVERSITY'S PAY RATES ARE CONSISTENT WITH OTHER COMPARABLE INSTITUTIONS. DOCUMENTS MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, LINE 19: THE UNIVERSITY'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBPAGE OF THE FINANCE OFFICE (HTTP://SITES.LAVERNE.EDU/FINANCE/). ADDITIONALLY, THE AUDITED FINANCIAL STATEMENTS ARE POSTED TO THE ELECTRONIC MUNICIPAL MARKET ACCESS WEBSITE (WWW.EMMA.MSRB.ORG). THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST FROM THE FINANCE OFFICE, AND IT IS ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE UNDER THE HUMAN RESOURCES PAGE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE FINANCE OFFICE. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9: THE OTHER CHANGES IN NET ASSETS CONSISTS OF: CHANGE IN ACTUARIAL OBLIGATIONS $(202,062) Charitable Remainder Unitrusts (10) Fundraising CA NA Trust false Charitable Remainder Annuity Trust (1) Fundraising CA NA Trust false Net Income with Make-Up CRUT (5) Fundraising CA NA Trust false false false false false false false false false false false false false false false false false false false false