2018-05-11T13:59:48-05:00 2017-06-30 Grant Thornton LLP 515 S Flower Street 7th Floor Los Angeles CA 90071 990 2016-07-01 951644026 University of La Verne % LORI GORDIEN CASE UNIV 9095933511 1950 Third Street La Verne CA 917504401 AVO KECHICHIAN CFO 9095933511 2018-05-10 true Rosemarie Brown P01278077 2136271717 2018-05-11 2016 2022-09-23 18:48:47Z Devorah A Lieberman 1950 Third Street La Verne CA 917504401 223970429 false X www.laverne.edu X 1891 CA DELIVERY OF UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS. 34 33 2535 34 0 0 17085765 8034570 198376109 201665182 1575371 4699461 1030895 518003 218068140 214917216 51927782 52093650 0 0 83375373 88015582 0 0 4433135 57203458 67526325 192506613 207635557 25561527 7281659 331361162 390745492 124388675 167246342 206972487 223499150 X IT IS THE MISSION OF THE UNIVERSITY OF LA VERNE TO PROVIDE OPPORTUNITIES FOR STUDENTS TO ACHIEVE THEIR EDUCATIONAL GOALS AND BECOME CONTRIBUTING CITIZENS TO THE GLOBAL COMMUNITY. THIS IS ACCOMPLISHED BY OFFERING HIGH QUALITY DEGREE PROGRAMS TO BOTH TRADITIONAL AGED AND ADULT LEARNERS: PROVIDING LIBERAL ARTS AND PROFESSIONAL PROGRAMS FROM 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. false false 163250720 52093650 202438448 EDUCATIONAL SERVICES FOR UNDERGRADUATE, GRADUATE, LAW AND DOCTORAL STUDENTS. APPROXIMATE NUMBER OF STUDENTS SERVED: 10,468. 163250720 true true false true false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false true false true false true true false false false true false false false true 294 0 true 2535 true false false false false false true true false false false false X 34 33 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 Devorah A Lieberman President 40.0 0.0 X X 505376 0 178056 Luis Faura Chairman 3.0 0.0 X X 0 0 0 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 Michael J Bidart 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 Benjamin C Harris 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 Richard A Lewis Trustee 3.0 0.0 X 0 0 0 Kenneth D Little Trustee 3.0 0.0 X 0 0 0 James W Long Trustee 3.0 0.0 X 0 0 0 Mary Ann Melleby Trustee 3.0 0.0 X 0 0 0 Ivan R Misner 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 17425 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 Jonathan Reed Provost 40.0 0.0 X 237074 0 23718 Avedis Kechichian Chief Financial Officer 40.0 0.0 X 240435 0 47905 Homa Shabahang VP, Enrollment Management 40.0 0.0 X 233349 0 36162 Juanda Daniel University General Counsel 40.0 0.0 X 214883 0 19838 Sherri Mylott VP of Advancement 40.0 0.0 X 0 0 0 Clive Houston-Brown VP, Facilities, Technolgy & HR 40.0 0.0 X 227651 0 45078 Gilbert Holmes Dean of the College of Law 40.0 0.0 X 259938 0 39127 Ibrahim Helou Dean of College of Bus. & PM 40.0 0.0 X 195685 0 40997 David Smith Dean 40.0 0.0 X 145389 0 27542 Lawrence Potter Dean of College of Arts & Sci. 40.0 0.0 X 175801 0 28739 Myra Garcia-Fernandez Senior Director of Development 40.0 0.0 X 225627 0 48714 Beatriz Gonzalez VP, Chief Diversity Officer 40.0 0.0 X 186018 0 32778 H Randall Rubin Professor 40.0 0.0 X 217778 0 46545 Alden Reimonenq Professor 40.0 0.0 X 187012 0 18751 Kevin Marshall Professor 40.0 0.0 X 181478 0 30541 3450919 0 664491 152 false true false Professional Development Courses 4121 Avendida De La Plata OCEANSIDE CA 92056 Correspondent Work 8503129 Anthem Blue Cross 801 S Figueroa Street LOS ANGELES CA 90017 Health Insurance 4808597 Bon Appetit 750 Amherst Avenue CLAREMONT CA 917114443 Student Cafeteria 3850452 Bernards 555 1st Street SAN FERNANDO CA 91340 Construction 3687710 Kaiser Foundation Health Plan Inc 1011 Baldwin Park Blvd BALDWIN PARK CA 91706 Health Insurance 2681683 90 463738 1896735 5674097 2593259 8034570 TUITION & FEES 611710 191224417 191224417 AUXILIARY ENTERPRISES 611710 9960317 9960317 SPONSORED PROGRAMS 900099 157705 157705 TICKET SALES & EVENTS 900099 211305 211305 BOOKSTORE 900099 111438 111438 201665182 2491302 2491302 79987 79987 0 0 0 0 8674671 2100000 7563379 1083120 1111292 1016880 2128172 2128172 151450 463738 406714 -255264 -255264 0 0 0 0 0 0 STAFF PARKING FEES 900099 95662 95662 ALL OTHER REVENUE 900099 677605 677605 773267 214917216 202438449 4444197 0 52093650 52093650 0 0 2785893 908112 1434333 443448 241471 139260 102211 68927854 57395533 9453754 2078567 5115816 4353192 569890 192734 6029317 4519819 1284931 224567 4915231 4081309 683257 150665 0 335499 30731 302953 1815 160091 160091 12424 12424 0 123222 123222 23419295 6538967 16164987 715341 990188 184691 781091 24406 3740166 1852907 1700854 186405 3734624 1326004 2384202 24418 0 6131647 3327424 2801720 2503 2423919 1863559 277033 283327 0 323516 216486 85970 21060 4691170 4691170 0 7958054 7958054 2588514 1808614 779764 136 CONTRACTED TEACHING SERVICES 5875040 5869173 5867 CONTRACTED FOOD SERVICES 3127809 2948559 104510 74740 EQUIP RENTAL & MAINTENANCE 1276044 528403 738638 9003 LIBRARY BOOKS & MEDIA 587101 587101 28002 28002 207635557 163250720 39951702 4433135 7719 8846 47262921 77512787 1814493 1806436 2326100 2307592 0 0 0 0 0 0 19732 19302 4632811 2966142 247158726 97693476 149834080 149465250 106951192 136029301 13634558 15768504 4877556 4861332 0 0 0 0 331361162 390745492 10657184 10604346 0 0 12294786 12523283 94260000 137649093 0 0 0 0 775920 471753 0 0 6400785 5997867 124388675 167246342 X 154124806 154742915 16580330 29029016 36267351 39727219 206972487 223499150 331361162 390745492 X 7281659 9420914 -175910 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false true 12424 false false 12424 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. false true 78806047 6459868 11813492 -1256266 210247 98125426 68802897 14423878 -3343388 590306 487034 78806047 63243924 5032095 1446733 566908 352947 68802897 47975967 7620576 8546931 553417 346133 63243924 37358594 6046485 5458972 545447 342637 47975967 0.43410 0.36390 0.20200 false false 263106 26438026 26701132 125638891 42743950 82894941 37425954 11041515 26384439 50603774 43424567 7179207 6788975 483444 6305531 149465250 0 ANNUITIES PAYABLE 3199650 FEDERAL STUDENT LOAN FUNDS 2798217 5997867 X 165741085 9420914 -59003759 -49582845 215323930 -406714 -406714 214917216 149214422 -58827849 406714 -58421135 207635557 207635557 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 UNIVERSITYS 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 ENDOWMENTS 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 UNIVERSITYS 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 ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, REQUIRES ENTITIES TO DETERMINE WHETHER IT IS "MORE LIKELY THAN NOT" THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITIES. AN UNCERTAIN TAX POSITION WILL NOT BE RECOGNIZED IF IT HAS LESS THAN A 50% LIKELIIHOOD OF BEING SUSTAINED. THE UNIVERSITY BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. THERE HAVE BEEN NO MATERIAL CHANGES IN UNRECOGNIZED BENEFITS AS OF JUNE 30, 2017, NOR ARE ANY ANTICIPATED IN THE 12 MONTHS FOLLOWING JUNE 30, 2017. THERE HAVE BEEN NO RELATED TAX PENALTIES OR INTEREST, WHICH WOULD BE CLASSIFIED AS TAX EXPENSE IN THE STATEMENT OF ACTIVITIES. RECONCILIATION OF REVENUES PER AUDITED FINANCIAL STATEMENTS WITH RETURN SCHEDULE D, PART XI, LINE 2D: STUDENT FINANCIAL AID: $(49,723,958) NET CHANGE IN ACTURIAL OBLIGATIONS $(175,910) NET LOSS ON REFINANCE OF BONDS $(9,103,891) TOTAL: $(59,003,759) SCHEDULE D, PART XI, LINE 4B: FUNDRAISING EXPENSES $(406,714) RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH RETURN SCHEDULE D, PART XII, LINE 2C: STUDENT FINANCIAL AID: $49,723,958 NET LOSS ON REFINANCE OF BONDS: $9,103,891 SCHEDULE D, PART XII, LINE 2D: FUNDRAISING EXPENSES: $406,714 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. GALA 548398 412098 136300 8331 117555 122627 1904 98855 GOLF 66790 51640 15150 2380 14296 22104 18662 0 615188 463738 151450 10711 131851 144731 1904 117517 406714 -255264 true Scholarships / Grants for Students 3894 52093650 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 UNIVERSITYS 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 STUDENTS 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 STUDENTS FINANCIAL AID STATUS WHILE AT THE UNIVERSITY. X X true true X X X X false false false false false false false false false Devorah A Lieberman President 450473 0 0 0 54903 0 26500 0 151556 0 683432 0 0 0 Jonathan Reed Provost 219074 0 0 0 18000 0 23718 0 0 0 260792 0 0 0 Avedis Kechichian Chief Financial Officer 224180 0 15000 0 1255 0 23246 0 24659 0 288340 0 0 0 Myra Garcia-Fernandez Senior Director of Development 224372 0 0 0 1255 0 23254 0 25460 0 274341 0 0 0 Homa Shabahang VP, Enrollment Management 228507 0 0 0 4842 0 23489 0 12673 0 269511 0 0 0 Clive Houston-Brown VP, Facilities, Technolgy & HR 206493 0 20000 0 1158 0 21639 0 23439 0 272729 0 0 0 Gilbert Holmes Dean of the College of Law 239009 0 0 0 20929 0 26425 0 12702 0 299065 0 0 0 Ibrahim Helou Dean of College of Bus. & PM 195685 0 0 0 0 0 20502 0 20495 0 236682 0 0 0 David Smith Dean 144088 0 0 0 1301 0 14847 0 12695 0 172931 0 0 0 Beatriz Gonzalez VP, Chief Diversity Officer 185663 0 0 0 355 0 18089 0 14689 0 218796 0 0 0 H Randall Rubin Professor 215715 0 0 0 2063 0 22485 0 24060 0 264323 0 0 0 Alden Reimonenq Professor 185355 0 0 0 1657 0 18360 0 391 0 205763 0 0 0 Kevin Marshall Professor 181478 0 0 0 0 0 12812 0 17729 0 212019 0 0 0 Juanda Daniel University General Counsel 214497 0 0 0 386 0 19433 0 405 0 234721 0 0 0 Lawrence Potter Dean of College of Arts & Sci. 175801 0 0 17978 10761 204540 0 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A: THE UNIVERSITY PROVIDES THE PRESIDENT WITH OFF-CAMPUS HOUSING AS A CONVENIENCE TO THE UNIVERSITY TO CONDUCT FUNDRAISING AND OTHER COLLEGE-RELATED BUSINESS. 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). 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). A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2017-04-20 130157058 University Construction false false false A 28715000 55503451 130743561 0 2857774 55503451 802010 0 0 4498481 0 0 2018 false 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 Schedule K, Part I, Column F, Rows A & B The issue dates for the previously issued bonds refunded by the bonds listed on Schedule K are 1993, 2000, 2005, 2008, and 2010. 2244 Tuition Educational Support Ankine Kechichian Family member of CFO 102211 Compensation for Employment false Michelle Kechichian Family member of CFO 74712 Compensation for Employment false Lisa Lester Family member of Trustee 64548 Compensation for Employment false X 1 3000 Donor Appraised X 11 1974905 FMV X Miscellaneous Small Gifts 47 10994 Donor Appraised X Boxes of microscope glass slides 1 4360 Donor Appraised X Construction of Roadway 1 600000 Donor Appraised 0 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. PART VI, SECTION A, LINE 1A: EXECUTIVE COMMITTEE: 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: IT MAY NOT: 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: PART VI, SECTION A, LINE 3: TRUSTEES STEVE RENDEERS AND RICHARD LEWIS HAVE A BUSINESS RELATIONSHIP. TRUSTEES REGINALD WEBB AND EMMETT TERRELL ALSO HAVE A BUSINESS RELATIONSHIP. THESE RELATIONSHIPS ARE OTHERWISE INDEPENDENT OF THE UNIVERSITY. PART VI, SECTION A, LINE 4: ON MAY 27, 2016, THE BYLAWS WERE AMENDED TO ADD AN OFFICER POSITION FOR GENERAL COUNSEL: "A GENERAL COUNSEL MAY BE APPOINTED BY THE PRESIDENT WITH THE APPROVAL OF THE EXECUTIVE COMMITTEE, WHO WILL SERVE AS THE LEGAL COUNSEL FOR THE UNIVERSITY AND ADVISE UNIVERSITY TRUSTEES, OFFICERS AND ADMINISTRATORS REGARDING LEGAL MATTERS RELATED TO UNIVERSITY AFFAIRS. THE GENERAL COUNSEL IS AUTHORIZED TO RETAIN OUTSIDE COUNSEL AND OTHER NECESSARY LEGAL SERVICES ON BEHALF OF THE UNIVERSITY AND IS THE AUTHORIZED AGENT FOR SERVICE OF PROCESS ON BEHALF OF THE UNIVERSITY, BOARD OF TRUSTEES, TRUSTEES, AND PRESIDENT IN MATTERS RELATED TO UNIVERSITY AFFAIRS. HE/SHE SHALL PROVIDE REGULAR UPDATES TO THE BOARD REGARDING ANTICIPATED AND PENDING LITIGATION INVOLVING THE UNIVERSITY. ON THIS SAME DATE, THE HUMAN RESOURCES COMMITTEE WAS DISSOLVED AND THE FACILITIES & TECHNOLOGY COMMITTEE WAS ADDED TO RECOMMEND TO THE EXECUTIVE COMMITTEE AND/OR BOARD OF TRUSTEES THOSE MATTERS WHICH PERTAIN TO THE ACQUISITION, DISPOSAL, LEASE, OR MAJOR DEVELOPMENT OF REAL PROPERTY. 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 UNIVERSITY'S 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, AFTERWHICH 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 BOARD'S AUDIT COMMITTEE TO DETERMINE 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: $ (175,910) TOTAL: $ (175,910) Officer Compensation Form 990, Part VII, Section A: An officer of the University was hired into her position in February 2017. Therefore, she does not have any reportable compensation for the fiscal year ending June 30, 2017. 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