2018-05-15T22:53:31-07:00 2017-06-30 990 2016-07-01 941312349 CORBAN UNIVERSITY CORB 5000 Deer Park Drive SE Salem OR 97317 Patricia Shelton Vice President for Business 5033757077 2018-05-15 2016 2022-09-23 18:48:47Z Patricia Shelton 5000 Deer Park Drive SE Salem OR 97317 39589076 0 X www.corban.edu X 1935 OR Christian Higher Education 20 20 798 0 0 0 3217410 2543955 0 36931314 0 0 34644584 113807 37861994 39589076 13431478 14685501 0 0 12495968 13631255 0 0 961946 11271363 12921122 37198809 41237878 663185 -1648802 23692973 25264258 12590151 15810238 11102822 9454020 Christian Higher Education 0 0 18540209 14685501 30779001 To provide Graduate and Undergraduate education to students seeking bachelor and masters degrees. 6306178 0 0 To provide student services to graduate and undergraduate students 1776973 0 5360258 To provide housing and food services to graduate and undergraduate students. 3848249 0 792055 Other Program Services - Academic and Institutional 3848249 0 792055 30471609 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 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 90 0 1 798 1 0 0 0 0 0 0 0 0 0 1 1 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 OR X Patricia Shelton 5033757020 5000 Deer Park Drive SE Salem OR 97317 Tim Aagard Trustee 1 0 X 0 0 0 Tim Baker Trustee 1 0 X 0 0 0 Douglas Beals Trustee 1 0 X 0 0 0 James Carlson Trustee 1 0 X 0 0 0 Tom Carlson Trustee 1 0 X 0 0 0 Glenn Duckworth Trustee 1 0 X 0 0 0 Deanna Gardiner-Garcia Trustee 1 0 X 0 0 0 Patti Garrido Trustee 1 0 X 0 0 0 James Gleason Trustee 1 0 X 0 0 0 Mark Hanke Trustee 1 0 X 0 0 0 Daniel Hill Trustee 1 0 X 0 0 0 Rod Hoff Trustee 1 0 X 0 0 0 Stephen McBee Trustee 1 0 X 0 0 0 David Nicholas Trustee 1 0 X 0 0 0 Wayne Riehle Trustee 1 0 X 0 0 0 Patty Roth Chairman - Board of Trustees 3 0 X X 0 0 0 John Song Trustee 1 0 X 0 0 0 Erhardt Steinborn Trustee 1 0 X 0 0 0 Richard Whipps Trustee 1 0 X 0 0 0 James White Trustee 1 0 X 0 0 0 Sheldon Nord President 40 0 X X X 219357 0 0 Brenda Roth Vice President for Student Life 40 0 X 83129 0 0 Dennis M Lucas Provost and Executive Vice President 40 0 X X 134299 0 0 Kevin Brubaker Vice President for Business 40 0 X 111054 0 0 Steve Sammons Vice President for Marketing 40 0 X 68046 0 0 615885 0 0 3 0 1 0 0 0 0 0 0 0 2543955 310272 2543955 Tuition and Fees 611310 30779001 30779001 0 0 Auxiliary Enterprises 611310 5360258 5360258 0 0 792055 792055 0 0 36931314 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Change in value of trust & split-int 611310 113807 113807 0 0 0 0 0 0 113807 39589076 37045121 0 0 0 0 14685501 14685501 0 0 0 0 615885 217428 330411 68046 0 0 0 0 9282412 7512323 1397486 372603 529287 411783 93627 23877 2433347 1893134 430442 109771 770324 599309 136265 34750 3884375 2035644 1658016 190715 35731 0 35731 0 61250 0 61250 0 0 0 0 0 0 0 0 0 0 0 41095 20233 0 20862 811949 645479 105887 60583 431034 91024 330096 9914 667803 102157 565646 0 0 0 0 0 781625 33786 747839 0 796223 698699 57512 40012 0 0 0 0 183110 149418 16529 17163 652964 0 652964 0 0 0 0 0 918739 0 918739 0 107033 0 107033 0 Loan Repayment Assistance Program 689321 689321 0 0 Assets Released From Restriction 1960767 0 1960767 0 Teaching Materials & Supplies 249335 249335 0 0 Mailing/Printing, Professional Dues 347145 203587 130597 12961 301623 233448 67486 689 41237878 30471609 9804323 961946 358691 266211 866301 418350 525163 511114 785690 839894 33453537 16997403 14280878 16456134 148235 1831283 1766807 5044967 4857513 23692973 25264258 2490446 2711804 2067363 1673763 835000 7178412 7661663 450001 2550001 403929 378007 12590151 15810238 X 6722919 5317639 1803727 1536682 2576176 2599699 11102822 9454020 23692973 25264258 -1648802 0 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2622097 5450 148341 6900 0 104000 2664988 2595232 114788 25969 113892 0 0 2622097 1899343 284560 483979 72650 0 0 2595232 1378876 585644 33010 98187 0 0 1899343 1294041 98235 11185 24585 0 0 1378876 0 0.97 0.03 0 0 962980 0 962980 23716968 0 10767815 12949153 2346383 0 1384001 962382 6098920 0 4845587 1253333 328286 0 0 328286 16456134 Charitable Irrevocable Trust 1692807 F Property - Annuity 74000 F 1766807 Land and buildings held for resale 3990000 Restricted Cash for Debt Service 225505 Prepaid Expenses 311152 Other Accounts Receivable 277531 Misc Other Assets 53325 4857513 0 Accrued Interest 187389 Split-interest obligations 154881 Capital lease obligation 35737 378007 X 39589076 0 0 0 0 0 39589076 0 0 0 39589076 41237878 0 0 0 0 0 41237878 0 0 0 41237878 Schedule D, Part V, Line 4 To provide scholarships for students Schedule D, Part X, Line 2 Accrued Interest - Bonds 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 Schedule E, Part I, Line 6 The organization receives Title IV funding for its students. 1 Corban University grants and scholarships 956 14685501 0 Schedule I, 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. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Sheldon Nord President 189607 0 0 0 29750 0 0 0 20981 0 240338 0 0 0 Schedule J, Part I, Line 1a A taxable housing allowance is provided for the President. Patty Roth Trustee (See Part V) X 100000 100000 0 0 1 Patty Roth Trustee (See Part V) X 100000 100000 0 0 1 Patty Roth Trustee (See Part V) X 135000 135000 0 0 1 Glenn Duckworth Trustee (See Part V) X 250000 250000 0 0 1 Erhardt Steinborn Trustee (See Part V) X 250000 250000 0 0 1 835000 X 4 231272 FMV X Equipment 2 79000 Appraisal 1 0 1 0 Form 990, Part VI, Section B, Line 11b The 990 report is reviewed by the Finance Committee of the Board of Trustees Form 990, Part VI, Section B, Line 12c Enforcement of this policy is carried out by the Executive Committee of the Board of Trustees on a regular basis. 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. Form 990, Part VI, Section C, Line 19 All of these documents are available upon request. Due to turnover in both key finance positions, VP for Business/July 2017 and Controller/March 2018, the 990 preparation was delayed.