2019-05-14T13:31:35-05:00 2018-06-30 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2017-07-01 941312349 Corban University CORB 5033757020 5000 Deer Park Drive SE Salem OR 97317 Denise Wendler Associate VP of Finance 5033757020 2019-05-14 1 David C Moja P00747006 7145770988 139.146.132.42 2019-05-14 14:31:25 ED P 9341104D8C6106161BAC64AE38E3EEC4CBD7B7AC 548ACF343268F06152720E5FC70889BA4855F684 2017 2019-02-21 02:37:17Z Sheldon Nord 5000 Deer Park Drive SE Salem OR 97317 45222072 0 X www.corban.edu X 1935 OR Equip men and women to bring CHARACTER to their communities and COMPETENCE to their careers. 20 18 809 100 0 0 2543955 4660986 36931314 37767880 0 159033 113807 146378 39589076 42734277 14685501 16577061 0 0 13631255 12804273 0 0 1265833 12921122 13052564 41237878 42433898 -1648802 300379 25264258 22781413 15810238 15903870 9454020 6877543 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 34820727 16577061 30886324 Tuition and fees used to provide over 50 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. 1785948 6881556 To provide on-campus student housing and food services for over 500 students annually. 36606675 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1817 0 1 809 1 0 0 0 0 0 1 1 0 0 0 0 X 20 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 OR X Patricia Shelton 5033757020 5000 Deer Park Drive SE Salem OR 97317 Patty Roth Chairman 3.00 X X 0 0 0 Tim Aagard 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 James Carlson Trustee 1.00 X 0 0 0 Tom Carlson Trustee 1.00 X 0 0 0 Glenn Duckworth 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 James Gleason Trustee 1.00 X 0 0 0 Mark Hanke 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 Stephen McBee Trustee 1.00 X 0 0 0 David Nicholas Trustee 1.00 X 0 0 0 Wayne Riehle 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 Sheldon Nord President 40.00 X 252369 0 31534 Brenda Roth Vice President for Student Life 40.00 X 86683 0 16897 Dennis M Lucas Part year Provost and Executive Vice President 40.00 X 97897 0 53556 Kevin Brubaker Part year Vice President for Business 40.00 X 81625 0 20412 Steve Sammons Vice President for Marketing 40.00 X 122187 0 59332 Patricia Shelton Vice President for Business 40.00 X 51214 0 12740 Michael Patterson Interim Provost/Provost 40.00 X 89427 0 24773 781402 0 219244 2 0 1 0 Aramark Corporation 27310 Network Pl Chicago IL 60673 Food service 1186976 LRAP Association 750 Warrenville Rd Ste 102 Lisle IL 60532 Loan repayment assistance 706720 Westfall Group Inc 75 Fourteenth St NE Ste 3050 Atlanta GA 30309 Consulting 267940 3 4660986 151555 4660986 Tuition and Fees 611310 29715220 29715220 Auxiliary Services 611310 6881556 6881556 1171104 1171104 37767880 94291 94291 146378 0 146378 146378 146378 373790 2178747 307632 2180163 66158 -1416 64742 64742 42734277 37767880 0 305411 16577061 16577061 987866 153364 834502 8847575 7640445 737244 469886 500294 386633 113661 1788905 1409242 376429 3234 679633 524609 155024 32734 32734 87937 87937 2150416 1887264 254122 9030 1759504 919473 181526 658505 640031 342390 268087 29554 552331 734 551597 2376079 2063770 312309 888936 803439 32679 52818 456810 405235 13769 37806 1065163 925946 139217 1162704 1010707 151997 89487 -3425 92912 Instruction Materials 822798 817215 5583 Loan Assistance Repayme 706720 706720 Bad Debt 223772 218772 5000 Institutional/Academic 35853 35853 1289 1289 42433898 36606675 4561390 1265833 266211 2186619 418350 127250 788645 1035184 839894 1350000 311152 33697228 18223120 16456134 15474108 148235 1766807 860134 4268830 1748118 25264258 22781413 2711804 2459942 1673763 1867475 835000 350000 7661663 8367796 2550001 2713461 378007 145196 15810238 15903870 X 5317639 3849224 1536682 2053791 2599699 974528 9454020 6877543 25264258 22781413 300379 -2876856 0 X X 0 1 X 1 1 1 X 3395565 3270055 3217410 2543955 4660986 17087971 3395565 3270055 3217410 2543955 4660986 17087971 1443284 15644687 19531 574341 240669 834541 110476 216205 472791 113807 913279 18835791 168545642 0.83060 X 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. 251735 X 0 972181 67636 1039817 2622097 5450 148341 6900 1692807 104000 972181 2595232 114788 25969 113892 2622097 1899343 284560 483979 72650 2595232 1378876 585644 33010 98187 1899343 0.93720 0.06280 0 0 858079 858079 26161877 13015525 13146352 6192624 5207595 985029 484648 484648 15474108 Restricted Cash 1170944 Misc Other Assets 577174 1748118 Split-interest obligations 145196 145196 26157216 0 26157216 16577061 16577061 42734277 25856837 0 25856837 16577061 16577061 42433898 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 (b) - 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 16,577,061. Part XII, Line 4b - Other Adjustments: Student aid 16,577,061. 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 Corban University's website. Schedule E, Part I, Line 6 Student 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. Central America and the Caribbean 0 0 Program Services Mission trips 4500 Sub-Saharan Africa 0 0 Program Services Mission trips 13017 South America 0 0 Program Services Mission trips 3240 Europe 0 0 Program Services Mission trips 117 0 0 0 0 0 0 20874 0 20874 0 0 0 0 0 0 Part I, line 3: Expenditures are accounted for using the accrual method of accounting. 1 Student Scholarships and Grants 1035 16577061 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. 1 X X X X 0 0 0 0 0 0 0 0 0 Sheldon Nord President 232664 0 0 0 19705 0 16640 0 15141 0 284150 0 0 0 Dennis M Lucas Part year Provost and Executive Vice President 97897 0 0 0 0 0 8213 0 45487 0 151597 0 0 0 Steve Sammons Vice President for Marketing 122187 0 0 0 0 0 10400 0 49180 0 181767 0 0 0 Patty Roth Trustee Construction costs X 100000 100000 0 1 1 Erhardt Steinborn Trustee Property purchase X 250000 250000 0 1 1 350000 X 3 151555 Cost 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 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. 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. 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 2016. 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. 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: The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.