2019-03-12T20:13:30-05:00 2018-05-31 910189318 MOSS ADAMS LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2017-06-01 952962604 CALIFORNIA LUTHERAN UNIVERSITY CALI 8054933171 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 913602700 CHRISTOPHER KIMBALL PRESIDENT 8054933171 2019-02-28 1 LAUREN A HAVERLOCK P00545829 3104770450 2019-02-28 12.129.7.100 2019-02-28 13:12:17 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BE861C6778D90A5D3E7861ABDDE45BE6309F51A4 2017 2019-02-21 02:37:17Z CHRISTOPHER KIMBALL 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 913602700 200479370 0 X WWW.CALLUTHERAN.EDU X 1959 CA CLU IS AN INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE DEGREES IN THE LIBERAL ARTS AND SCIENCES. 35 33 2420 100 187868 -6457 17206167 10330712 151473375 159843340 5269449 9419181 41303 7368 173990294 179600601 50656590 54806943 0 0 69554895 72116009 0 0 2851336 42741732 44946702 162953217 171869654 11037077 7730947 324141832 344559535 81407732 92156981 242734100 252402554 X CALIFORNIA LUTHERAN UNIVERSITY IS A SELECTIVE COMPREHENSIVE INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE DEGREES IN THE LIBERAL ARTS AND SCIENCES AND PROFESSIONAL FIELDS. ROOTED IN THE LUTHERAN TRADITION OF CHRISTIAN FAITH, THE UNIVERSITY ENCOURAGES CRITICAL INQUIRY INTO MATTERS OF BOTH FAITH AND REASON. THE MISSION OF THE UNIVERSITY IS TO EDUCATE LEADERS FOR A GLOBAL SOCIETY WHO ARE STRONG IN CHARACTER AND JUDGMENT, CONFIDENT IN THEIR IDENTITY AND VOCATION, AND COMMITTED TO SERVICE AND JUSTICE. 0 0 104038217 54682523 137808415 HIGHER EDUCATION: PROVIDED QUALITY EDUCATION FOR UNDERGRADUATE STUDENTS AND GRADUATE STUDENTS. CALIFORNIA LUTHERAN UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATION PROGRAMS THROUGH ITS COLLEGE OF ARTS AND SCIENCES, SCHOOL OF MANAGEMENT, GRADUATE SCHOOL OF EDUCATION, GRADUATE SCHOOL OF PSYCHOLOGY AND PACIFIC LUTHERAN THEOLOGICAL SEMINARY. THE UNIVERSITY OFFERS 38 UNDERGRADUATE MAJORS AND 34 UNDERGRADUATE MINORS ARE OFFERED THROUGH OUR UNDERGRADUATE PROGRAMS. MASTER'S DEGREE PROGRAMS ARE OFFERED IN EDUCATION, BUSINESS ADMINISTRATION, PUBLIC POLICY AND ADMINISTRATION, COMPUTER SCIENCE, PSYCHOLOGY, INFORMATION SYSTEMS AND TECHNOLOGY, ECONOMICS, DIVINITY, ARTS, AND THEOLOGICAL STUDIES. THE UNIVERSITY OFFERS DOCTORAL PROGRAMS IN EDUCATIONAL LEADERSHIP, HIGHER EDUCATION LEADERSHIP, AND CLINICAL PSYCHOLOGY PH.D. 23093174 0 2585972 STUDENT SERVICES: THIS PROGRAM PROVIDES SUPPORT FOR STUDENT LIFE ACTIVITIES, ATHLETICS, STUDENT HEALTH AND OTHER SERVICES TO STUDENTS. 16169444 0 18298009 AUXILIARY OPERATION: IT IS CALIFORNIA LUTHERAN UNIVERSITY'S MISSION TO BE A RESIDENTIAL CAMPUS. THE MAJORITY OF THE TRADITIONAL UNDERGRADUATE STUDENT POPULATION RESIDES ON CAMPUS TO ATTEND EDUCATIONAL PROGRAMS. 12908041 124420 489045 HIGHER EDUCATION ACADEMIC SUPPORT DEPARTMENTS INCLUDE UNIVERSITY LIBRARY, COMPUTER & MEDIA LABS, AND FACULTY DEVELOPMENT PROGRAMS. PUBLIC SERVICE DEPARTMENTS INCLUDE THE DAY CARE CENTER, KCLU (PUBLIC RADIO STATION) AND EVENT SERVICES TO SERVE THE COMMUNITY. 12908041 124420 489045 156208876 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 4881 0 1 2420 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CALIFORNIA LUTHERAN UNIVERSITY ATTN TOM MARSH 8054933181 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 913602700 BAUMHEFNER LINDA BOARD MEMBER 1.00 0.30 X 0 0 0 BECERRA GLEN BOARD MEMBER 1.00 X 0 0 0 BESSEY REV JIM BOARD MEMBER 1.00 X 0 0 0 BOYNTON ANN BOARD MEMBER 1.00 X 0 0 0 BROHAUGH WALLY BOARD MEMBER 1.00 0.30 X 0 0 0 CAMARILLO BILL SECRETARY 1.00 X X 0 0 0 CHADWICK SUE BOARD MEMBER 1.00 X 0 0 0 ERICKSON DENNIS BOARD MEMBER 1.00 X 0 0 0 FIELDS PAUL BOARD MEMBER 1.00 X 250 0 0 FOSTER RANDY BOARD MEMBER 1.00 X 0 0 0 GILBERT ROD BOARD MEMBER 1.00 0.30 X 0 0 0 GUERRERO VERONICA THRU 0518 FACULTY CHAIR/BOARD MEMBER 40.00 X X 114056 0 23666 HANSON REV MARK BOARD MEMBER 1.00 X 0 0 0 HOLMERUD REV MARK BOARD MEMBER 1.00 X 0 0 0 IRWIN JON BOARD MEMBER 1.00 X 0 0 0 KIMBALL CHRIS PRESIDENT 40.00 0.30 X X 457128 0 54412 LARSEN JUDY BOARD MEMBER 1.00 X 0 0 0 LEDERER JILL BOARD MEMBER 1.00 X 0 0 0 LEMMO RICK BOARD MEMBER 1.00 X 0 0 0 LUNDEEN-SMUCK SUSAN CHAIR OF THE BOARD 1.00 X X 0 0 0 MCNEIL MALCOLM BOARD MEMBER 1.00 X 0 0 0 NAGLER REV DAVID BOARD MEMBER 1.00 X 0 0 0 NAUSIN REV FRANK BOARD MEMBER 1.00 X 0 0 0 NEBENS CARRIE BOARD MEMBER 1.00 X 0 0 0 OLSON KAREN BOARD MEMBER 1.00 X 0 0 0 OVERTON JIM VICE CHAIR 1.00 X 0 0 0 PAPAGEORGE DEBRA BOARD MEMBER 1.00 0.30 X 0 0 0 ROBBINS DENNIS BOARD MEMBER 1.00 X 0 0 0 RULON ERIN BOARD MEMBER 1.00 X 0 0 0 SOULES MIKE BOARD MEMBER 1.00 X 0 0 0 STEGEMOELLER MARK BOARD MEMBER 1.00 0.30 X 0 0 0 STEINWENDER NICHOLAS ASCLU PRESIDENT 2017-18/BOARD 1.00 X 1474 0 0 SWEENEY DEBORAH BOARD MEMBER 1.00 X 0 0 0 SWENSON JAMES BOARD MEMBER 1.00 X 0 0 0 YOUNG RUSSELL BOARD MEMBER 1.00 X 0 0 0 KRANTZ BILL BOARD MEMBER (THRU 10/17) 1.00 0.30 X 0 0 0 ULLMAN GEORGE BOARD MEMBER (THRU 10/17) 1.00 X 0 0 0 DAVIS KAREN VP, ADMINISTRATION & FINANCE 40.00 0.30 X 251547 0 39093 APFELTHALER GERHARD DEAN, SCHOOL OF MANAGEMENT 40.00 X 237443 0 31468 NEILSON LEANNE PROVOST/VP, ACADEMIC AFFAIRS 40.00 X 254645 0 33866 PARHAM PATRICIA ASSISTANT VP, HUMAN RESOURCES 40.00 X 168405 0 18046 ROPER MELINDA VP, STUDENT AFFAIRS/DEAN OF STUDENTS 40.00 X 182538 0 27982 VAN OMMEREN RYAN ASSOCIATE VP, FACILITY OPERATIONS & PLANNING 40.00 X 184987 0 25363 WARD MATTHEW VP, ENROLLMENT MANAGEMENT & MARKETING 40.00 X 184825 0 29348 WHEATLY STEPHEN VP, UNIVERSITY ADVANCEMENT 40.00 0.30 X 231902 0 33490 DAMOOEI JAMSHID PROFESSOR 40.00 X 215758 0 25065 DOMICONE HARRY PROFESSOR/DIRECTOR OF IMBA 40.00 X 227364 0 29769 OLSON MARY GENERAL MANAGER, KCLU RADIO 40.00 X 173593 0 15367 PENG CHANG-SHYH PROFESSOR 40.00 X 186224 0 24047 VAIMAN VLAD PROFESSOR 40.00 X 181934 0 26838 3254073 0 437820 123 0 1 0 STAPLES CONSTRUCTION COMPANY INC 1501 EASTMAN AVENUE VENTURA CA 93003 CONSTRUCTION 4647715 KIOSK CREATIVE LLC 750 GRANT AVENUE 200 NOVATO CA 94945 MEDIA PLANNING & BUYING 959617 CHRISTIE BUILDING AND DEVELOPMENT INC 1000 BUSINESS CENTER CIRCLE 102 NEWBURY PARK CA 91320 CONSTRUCTION 478229 HIRSCHFELD KRAEMER LLP 505 MONTGOMERY ST 13TH FLOOR SAN FRANCISCO CA 94111 LEGAL 451569 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 23228 APPLICATION & STUDENT SEARCH PROGRAM 419421 5 66670 25930 3835537 6402575 1023834 10330712 TUITION AND FEES 611310 136167136 136167136 RESIDENT HALLS 721000 12013566 12013566 CAFETERIA 611310 5299098 5299098 AUXILIARY INCOME 722210 1831212 1831212 EDUCATIONAL PROGRAMS 611310 1337318 1337318 3195010 2533111 186911 474988 159843340 1036536 -31188 1067724 41909 42306 28591 10161 13318 32145 45463 32145 13318 18474347 10680970 14879168 5893504 3595179 4787466 8382645 8382645 29250 66670 67345 -38095 -38095 179600601 159181441 187868 9900580 124420 124420 54682523 54682523 2618314 737213 1613721 267380 54306653 40809656 11897743 1599254 3944443 2832675 971258 140510 7329263 4976333 2131636 221294 3917336 2906580 885059 125697 1587668 1118560 464993 4115 517532 1420 486101 30011 159300 159300 60000 60000 464158 464158 308450 267330 41120 1123880 853984 268184 1712 6786374 4311985 2261615 212774 3228925 511965 2705089 11871 5071419 1522254 3537621 11544 2627661 2217812 350371 59478 929079 778891 135392 14796 3238866 2619762 619104 7437816 6830491 607325 780887 166330 614557 STUDENT DINING SERVICES 4243917 4015839 196249 31829 ALLOCATION OF DEPT EXP 0 19038554 -19038554 6380770 4884299 1377400 119071 171869654 156208876 12809442 2851336 90121 38092 59996199 79009391 8827537 7912600 3515389 3888602 21374 20644 2156561 2465135 219381589 88327944 137946192 131053645 93018087 104635127 3570606 3682831 3708334 3375822 475000 475000 10816432 8002646 324141832 344559535 13404594 12922935 3416330 3221925 61276339 73635936 918750 0 2391719 2376185 81407732 92156981 X 143464627 150673515 41572680 43753822 57696793 57975217 242734100 252402554 324141832 344559535 X 7730947 1894192 43315 X 0 1 X 1 1 1 X 17556727 13944442 12942832 17206167 10292617 71942785 17556727 13944442 12942832 17206167 10292617 71942785 15263078 56679707 1205706 1133616 980168 1254361 1109633 5683484 38361 0 38361 131094 131094 77795724 731839342 0.72860 0.72350 X 60000 60000 60000 60000 159667537 159693467 159727537 159753467 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 144000 144000 67000 60000 415000 250000 250000 250000 250000 1000000 1500000 167400 X 0 97421026 10021647 5076985 4767820 107751838 91542719 938212 8702665 3762570 97421026 91914069 3125950 75570 3572870 91542719 85273719 6367872 3442128 3169650 91914069 60900179 20375452 6524338 2526250 85273719 0.30000 0.51980 0.18020 1 1 1 2973327 2973327 159600713 56594320 103006393 36258304 19760432 16497872 14471351 9784344 4687007 6077894 2188848 3889046 131053645 ANNUITIES PAYABLE 1052186 DEPOSITS HELD IN TRUST FOR OTHERS -350487 GOVERNMENT GRANTS REFUNDABLE 1674486 2376185 X 126393978 1894192 14678 1908870 124485108 464158 54651335 55115493 179600601 116774523 51550 51550 116722973 464158 54682523 55146681 171869654 PART III, LINE 4: PAINTINGS AND SCULPTURES BY VARIOUS ARTISTS. PART V, LINE 4: QUASI ENDOWMENT IS INTENDED TO SUPPLEMENT THE UNIVERSITY'S OPERATING FUNDS. PERMANENTLY AND TEMPORARILY (TERM) RESTRICTED ENDOWMENTS ARE DESIGNATED TO SCHOLARSHIPS FOR STUDENTS, PROFESSORSHIPS, UNIVERSITY PROGRAMS AND BUILDING MAINTENANCE. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE CONSOLIDATED FINANCIAL STATEMENTS RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 38,752. FOUNDATION'S REVENUE -49,000. ACTUARIAL ADJUSTMENT 24,926. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 54,682,523. UNRELATED BUSINESS INCOME FROM PARTNERSHIPS -31,188. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 38,752. UNREALIZED LOSS ON INTEREST RATE EXCHANGE AGREEMENT 12,798. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 54,682,523. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 (1) RACIAL NONDISCRIMINATION POLICY IS INCLUDED IN A RESOLUTION OF THE BOARD OF REGENTS (GOVERNING BODY) (2) THE MATERIAL IS LOCATED ON APPLICATIONS (HARD COPY AND ONLINE). (3) STATEMENT - CALIFORNIA LUTHERAN UNIVERSITY IS COMMITTED TO ENSURING EQUAL OPPORTUNITY TO ALL PERSONS, AND DOES NOT DISCRIMINATE ON THE BASIS OF SEX, RACE, COLOR, RELIGION, AGE, SEXUAL ORIENTATION, MARITAL STATUS, VETERAN'S STATUS, NATIONAL ORIGIN, OR ETHNIC ORIGIN. NO QUALIFIED INDIVIDUAL IS EXCLUDED FROM ADMISSION, EMPLOYMENT, PARTICIPATION IN ANY EDUCATIONAL PROGRAM, ACTIVITY, OR FACILITY BY REASON OF DISABILITY, PROVIDING THE INDIVIDUAL CAN PROPERLY PERFORM WITH REASONABLE ACCOMMODATION. SCHEDULE E, PART I, LINE 6 FEDERAL AND LOCAL FINANCIAL AID AND GRANTS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 103415 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 335357 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 6295457 0 0 0 0 0 0 6734229 0 6734229 1 0 1 0 0 0 PART I, LINE 3: DIRECT COSTS VC GOLF TOURNAMENT 49420 34420 15000 13629 600 2545 GALLEGLY DEDICATION 46500 32250 14250 15300 35271 95920 66670 29250 13629 15900 37816 67345 -38095 1 KINGSMEN SHAKESPEARE COMPANY PO BOX 1772 THOUSAND OAKS CA 91358 742907782 501(C)(3) 124420 THE KINGSMEN SHAKESPEARE COMPANY, A 501(C)(3), PERFORMS SHAKESPEARE PLAYS ON THE UNIVERSITY PROPERTY 1 0 SCHOLARSHIPS, TUITION REDUCTION 3223 54682523 FMV TUITION IS REDUCED BY THE AMOUNT OF INDIVIDUAL SCHOLARSHIPS AWARDED TO STUDENTS. PART I, LINE 2: STUDENT SCHOLARSHIPS ARE IN THE FORM OF TUITION REDUCTION, WHICH IS APPLIED DIRECTLY AGAINST A STUDENT'S ACCOUNT TO ENSURE THAT IT IS USED FOR EDUCATIONAL PURPOSES. X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 KIMBALL CHRIS PRESIDENT 419049 0 0 0 38079 0 43935 0 10477 0 511540 0 0 0 DAVIS KAREN VP, ADMINISTRATION & FINANCE 247872 0 0 0 3675 0 26374 0 12719 0 290640 0 0 0 APFELTHALER GERHARD DEAN, SCHOOL OF MANAGEMENT 236420 0 0 0 1023 0 21464 0 10004 0 268911 0 0 0 NEILSON LEANNE PROVOST/VP, ACADEMIC AFFAIRS 252362 0 0 0 2283 0 25294 0 8572 0 288511 0 0 0 PARHAM PATRICIA ASSISTANT VP, HUMAN RESOURCES 166233 0 0 0 2172 0 16773 0 1273 0 186451 0 0 0 ROPER MELINDA VP, STUDENT AFFAIRS/DEAN OF STUDENTS 174726 0 0 0 7812 0 17694 0 10288 0 210520 0 0 0 VAN OMMEREN RYAN ASSOCIATE VP, FACILITY OPERATIONS & 184166 0 0 0 821 0 17949 0 7414 0 210350 0 0 0 WARD MATTHEW VP, ENROLLMENT MANAGEMENT & MARKETIN 184233 0 0 0 592 0 19436 0 9912 0 214173 0 0 0 WHEATLY STEPHEN VP, UNIVERSITY ADVANCEMENT 228170 0 0 0 3732 0 23414 0 10076 0 265392 0 0 0 DAMOOEI JAMSHID PROFESSOR 213910 0 0 0 1848 0 13016 0 12049 0 240823 0 0 0 DOMICONE HARRY PROFESSOR/DIRECTOR OF IMBA 224528 0 0 0 2836 0 17767 0 12002 0 257133 0 0 0 OLSON MARY GENERAL MANAGER, KCLU RADIO 147940 0 25000 0 653 0 14704 0 663 0 188960 0 0 0 PENG CHANG-SHYH PROFESSOR 185090 0 0 0 1134 0 13688 0 10359 0 210271 0 0 0 VAIMAN VLAD PROFESSOR 181433 0 0 0 501 0 17030 0 9808 0 208772 0 0 0 PART I, LINE 1A THE UNIVERSITY OWNS A PRESIDENTIAL RESIDENCE. BY CONTRACT, THE PRESIDENT IS REQUIRED TO LIVE IN THE RESIDENCE AND HOST REGULAR EVENTS FOR THE UNIVERSITY THROUGHOUT THE YEAR. THE UNIVERSITY PAYS ALL THE EXPENSES FOR THE PRESIDENT'S RESIDENCE. THE UNIVERSITY ALSO PAYS FOR THE PRESIDENT'S MEMBERSHIP TO THE LOCAL ROTARY CLUB. HE ATTENDS FOR COMMUNITY SERVICE, OUTREACH AND FUNDRAISING OPPORTUNITIES. A PORTION OF THE BENEFITS LISTED WERE TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. PART I, LINE 4B THE EMPLOYEE WHO QUALIFIES FOR A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN WILL EARN A FIXED AMOUNT OF CREDIT AND ELIGIBLE INTEREST TO HIS OR HER DEFERRED COMPENSATION ACCOUNT. THE RIGHT OF THE EMPLOYEE TO RECEIVE THE AMOUNTS IS CONTINGENT UPON HIS OR HER CONTINUED PERFORMANCE IN ACCORDANCE WITH THE EMPLOYMENT AGREEMENT. DURING THE YEAR, CHRIS KIMBALL, THE PRESIDENT PARTICIPATED IN THE PLAN. PART I, LINE 7 PER AGREEMENT, MARY OLSON WILL RECEIVE TWENTY-FIVE (25%) OF THE NET OPERATING RESULTS IN EXCESS OF THE BUDGETED AMOUNTS. THE MAXIMUM INCENTIVE AMOUNT FOR OPERATING RESULTS IS $25,000. OPERATING RESULTS ARE DEFINED AS ALL EFFORTS, INCLUDING BUT NOT LIMITED TO, PUBLICITY EVENTS THAT ARE UNDERTAKEN FOR AND ON THE BEHALF OF KCLU RADIO STATION OPERATIONS, PUBLIC RELATIONS AND OTHER EVENTS CONDUCTED IN SUPPORT OF THE RADIO STATION. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178PQ3 2008-07-31 36914991 CONSTRUCTION OF FACILITIES 0 0 0 B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 000000000 2014-12-02 30000000 REFUND 1999 AND 2004 BOND DEBT ISSUES 0 0 0 C CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 000000000 2017-12-02 15000000 CONSTRUCTION OF FACILITIES 0 0 0 A 3320000 38848420 3698849 1113761 674368 29253782 4215164 2013 1 0 1 1 B 5670419 30000000 381327 29999265 735 2004 1 0 1 1 C 433645 15132566 190333 15132566 0 0 0 1 A 0 1 1 1 0 1 0 1 B 0 0 0 0 1 0 1 C 0 0 0 0 1 0 1 A 0 0 1 1 0 0 0 1 1 B 0 0 1 1 0 0 0 0 1 C 0 0 1 1 0 0 0 1 1 A 1 B 1 C 1 PART II, LINE 3, COLUMN A AND C EXPLANATION OF DIFFERENCE BETWEEN LINE 3 AND ISSUE PRICE: INTEREST INCOME AND GAIN/LOSS. X 13 1023834 HIGH/LOW AVERAGE 0 0 1 1 PART I, LINE 32B: THE UNIVERSITY USES A REGISTERED INVESTMENT FIRM TO SELL ANY STOCK GIFTS RECEIVED. IF A GIFT OF REAL ESTATE IS RECEIVED, THE UNIVERSITY HIRES A LICENSED REAL ESTATE AGENT TO FACILITATE THE SALE. PART I, LINE 33: CLU DOES NOT RECOGNIZE NON-CASH GIFTS (OTHER THAN STOCK) WITH A DONOR-STATED VALUE UNDER $5,000. FOR VALUES EXPECTED TO EXCEED $5,000, CLU WILL OBTAIN AN APPRAISAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND REVIEWED BY THE CONTROLLER AND VICE PRESIDENT OF ADMINISTRATION & FINANCE. THE 990 IS POSTED ON AN INTERNAL WEBSITE WITH ACCESS GIVEN TO ALL BOARD MEMBERS. THE BOARD OF REGENTS OF THE UNIVERSITY HAS DELEGATED THE FORMAL REVIEW TO THE ADMINISTRATION AND FINANCE COMMITTEE OF THE BOARD. AFTER THE ADMINISTRATION AND FINANCE COMMITTEE COMPLETE THEIR REVIEW, THE PRESIDENT OF THE UNIVERSITY SIGNS THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD OF REGENTS, OFFICERS, FACULTY MEMBERS AND STAFF TO BE FAMILIAR WITH THE TERMS OF THE CONFLICT OF INTEREST POLICY; DISCLOSE TO THE BOARD SECRETARY ANY POSSIBLE PERSONAL, FAMILIAL, CLOSE OR BUSINESS RELATIONSHIPS THAT REASONABLY MIGHT GIVE RISE TO A CONFLICT INVOLVING THE UNIVERSITY; AND ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY. IN THE CASE OF OFFICERS AND OTHER DESIGNATED EMPLOYEES, AN ANNUAL DISCLOSURE WILL BE COMPLETED AND FILED WITH THE OFFICE OF THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE. EACH MEMBER OF THE STAFF AND FACULTY NOT COMPLETING AN ANNUAL AFFIRMATIVE STATEMENT MUST PROMPTLY REPORT ANY PERCEIVED OR ACTUAL CONFLICT OF INTEREST TO THEIR APPROPRIATE SENIOR ADMINISTRATOR. THE VICE PRESIDENT FOR ADMINISTRATION AND FINANCE SHALL REVIEW THE ANNUAL DISCLOSURE STATEMENTS OF OFFICERS AND DESIGNATED EMPLOYEES AND ANY REPORTED PERCEIVED OR ACTUAL CONFLICTS OF INTEREST. EXCEPTIONS WILL BE PROMPTLY REPORTED TO THE AUDIT COMMITTEE OF THE BOARD AT ITS NEXT MEETING. BOARD OF REGENTS SHALL REPORT TO THE SECRETARY OF THE BOARD OF REGENTS. AFTER DISCLOSURE, SUCH PERSONNEL SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRESIDENT IS ESTABLISHED BY THE BOARD OF REGENTS. ANNUALLY, THE PRESIDENTIAL COMPENSATION COMMITTEE OF THE BOARD OF REGENTS REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE, MARKET RATE INFORMATION, PERFORMANCE AND MAKES RECOMMENDATIONS TO THE FULL BOARD FOR ANY ADJUSTMENTS TO THE PRESIDENT'S COMPENSATION. AN INDEPENDENT COMPENSATION CONSULTANT IS UTILIZED ON AT LEAST A BI-ANNUAL BASIS TO ANALYZE CURRENT MARKET COMPARISON DATA. ANNUALLY, THE PRESIDENT'S AND VICE PRESIDENT OF ADMINISTRATION AND FINANCE'S COMPENSATION IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF REGENTS TO ENSURE IT AGREES WITH THE COMPENSATION AGREEMENTS. THE COMPENSATION OF ALL THE VICE PRESIDENTS IS ESTABLISHED BY THE PRESIDENT AND IS BASED ON REGIONAL COMPENSATION MARKET DATA, INTERNAL DATA, AND JOB PERFORMANCE. COMPENSATION STUDIES ARE CONDUCTED BY THE HUMAN RESOURCES DEPARTMENT AND/OR OUTSIDE COMPENSATION CONSULTANTS. THE ASSISTANT VICE PRESIDENT FOR HUMAN RESOURCES PROVIDES THE PRESIDENT WITH THE MOST RECENT COMPENSATION STUDY PRIOR TO ANNUAL COMPENSATION INCREASES TO KEY OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON A REQUEST BASIS. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT 24,926. UNRELATED BUSINESS INCOME FROM PARTNERSHIPS 31,188. UNREALIZED LOSS ON INTEREST EXCHANGE AGREEMENT -12,798. ROUNDING -1. CALIFORNIA LUTHERAN EDUCATIONAL FOUNDATION 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 91360 770076535 FUNDRAISING CA 501(C)(3) LINE 12A, I CALIFORNIA LUTHERAN UNIVERSITY 1 CHARITABLE REMAINDER UNITRUST (9) 60 WEST OLSEN ROAD M/C 1200 THOUSAND OAKS CA 91360 CHARITABLE TRUST CA N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0