2018-03-09T16:55:57-06:00 2017-06-30 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2016-07-01 951644035 Point Loma Nazarene University POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 George R Latter Jr VP of Finance 6198492200 2018-03-09 1 David C Moja P00747006 7149619300 139.146.132.42 2018-03-09 15:55:04 MS P 40D8E578998C630A575E14F9C1D0AFD01746A6CA 5F64C66C38528FB8E924B8E98BFA38AE6BC05379 2016 2021-01-29 14:40:06Z Robert Brower 3900 Lomaland Drive San Diego CA 92106 135767799 0 X www.pointloma.edu X 1918 CA Non-profit Christian university. 21 20 2341 29 0 0 5330038 5748838 118775014 129225758 694617 793203 -566883 0 124232786 135767799 22780404 26755656 0 0 54377891 59015071 155373 40094 1771628 36848934 36311595 114162602 122122416 10070184 13645383 160600792 171516565 74833477 70060305 85767315 101456260 X Point Loma Nazarene University exists to provide higher education in a vital Christian community where minds are engaged and challenged, character is modeled and formed, and service becomes an expression of faith. We aspire to be a learning community where grace is foundational, truth is pursued, and holiness is a way of life. 0 0 67810632 26755656 106476462 Point Loma Nazarene University is a thriving Christian liberal arts institution in San Diego. Rooted in the Wesleyan tradition, PLNU aims to educate students not only for their own benefit but also for the benefit of our community and those who are in need. That's why we seek to prepare students to address the complex issues facing our world today with integrity and forward thinking. Armed with strong intellect, deep faith, and a commitment to causes larger than themselves, PLNU graduates enter the workforce prepared to influence our world for good. PLNU serves more than 3,500 students. In addition to offering more than 60 undergraduate areas of study, PLNU offers graduate programs in regional centers throughout Southern California. 29346112 19130587 Student Services enriches the student experience and resources like the Offices of Strengths and Vocation, the Wellness Center, Outdoor Leadership and Recreation, Spiritual Development, and Student Financial Services. 7904381 3618709 Academic Support bolsters PLNU students' academic experience through resources like the Tutorial Center, PLNU's Ryan Library, Information Technology Services, and Media and Technology. 105061125 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 1 0 0 0 1 287 0 1 2341 1 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Jim Bergherm 6198492429 3900 Lomaland Drive San Diego CA 92106 Robert Brower President 40.00 1.00 X X 332352 0 47218 Steven R Scott Chairman 1.00 1.00 X X 0 0 0 Jan Stone Secretary 1.00 X X 0 0 0 Craig K Furusho Vice Chair 1.00 X X 0 0 0 William Thomas Battin Trustee 1.00 X 0 0 0 Ken Baruth part year Trustee 1.00 X 0 0 0 Ira F Brown Trustee 1.00 X 0 0 0 Larry Fry Trustee 1.00 X 0 0 0 Jose Hernandez Trustee 1.00 X 0 0 0 Mary Leland Trustee 1.00 X 0 0 0 Nancy Martine-Alonzo part year Trustee 1.00 X 0 0 0 Leanne Mudge part year Trustee 1.00 X 0 0 0 John Nells Trustee 1.00 X 0 0 0 Douglas Pierce Trustee 1.00 X 0 0 0 Rick Power Trustee 1.00 X 0 0 0 Donald R Schengel Trustee 1.00 X 0 0 0 Orlando R Serrano Trustee 1.00 X 0 0 0 Rob Songer Trustee 1.00 X 0 0 0 Daniel W Spaite part year Trustee 1.00 X 0 0 0 Mendell Thompson Trustee 1.00 1.00 X 0 0 0 Carol Van Buskirk Trustee 1.00 X 0 0 0 Daryl C Nicholson Trustee 1.00 1.00 X 0 0 0 Cindy Zabuska Trustee 1.00 X 0 0 0 Gary Smee Trustee 1.00 1.00 X 0 0 0 Maria Covarrubias Trustee 1.00 1.00 X 0 0 0 George R Latter Jr VP of Finance 40.00 1.00 X 191095 0 32970 Kerry Fulcher Provost 40.00 X 193022 0 42945 Allison Reaser Chief Economist 40.00 X 245088 0 25604 Catherine Smith VP of Student Dev. 40.00 X 156227 0 13842 Mark Pitts Vice Provost 40.00 X 153327 0 18251 Joe Watkins Executive Vice President 40.00 1.00 X 154850 0 47574 Maria Zack Department Chair 40.00 X 146365 0 12354 1572326 0 240758 8 0 1 0 Sodexo Dept 880328 Los Angeles CA 90088 Food Services 5529090 Bycor General Contractors Inc 6490 Marindustry Dr Suite A San Diego CA 921212563 Construction/Remodel 2714367 Workday Inc 6230 Stoneridge Mall Rd Pleasanton CA 94588 ERP Software/Services 918093 Cannon Constructors South 13220 Evening Creek Dr Ste 213 San Diego CA 92128 Construction 888936 Byrom-Davey Inc 13220 Evening Creek Dr Ste 213 San Diego CA 92128 Construction 674140 23 290066 5458772 684262 5748838 Tuition and fees 611710 106476462 106476462 Auxiliary revenue 611710 19130587 19130587 Other program revenue 611710 3618709 3618709 129225758 764880 764880 28323 0 28323 28323 28323 135767799 129225758 0 793203 26755656 26755656 854387 122605 655927 75855 30505 30505 46577653 39617960 6029069 930624 2477723 2116467 304881 56375 5266061 4331615 814304 120142 3808742 2839078 899504 70160 263954 17379 246328 247 113288 113288 40094 40094 3386116 2630808 626155 129153 1974835 1736587 200859 37389 2454335 2071751 310099 72485 1817106 1186458 602729 27919 5488221 3489193 1977128 21900 2734904 2283532 364714 86658 445454 369644 63171 12639 2215958 2195026 20932 6114852 6114852 523342 333093 188447 1802 Cafeteria Contractor 4687063 4099141 587905 17 Equipment Rental 1395006 1088401 299043 7562 Equipment 1105933 1020471 80677 4785 1591228 610903 904503 75822 122122416 105061125 15289663 1771628 8761024 7139348 30312334 17523752 4046966 5083184 4056387 5667877 3278674 4077151 1997081 612546 163865195 62149344 100739541 101715851 6847269 29501712 561516 195144 160600792 171516565 9539245 7649837 4421518 6974345 48095655 46335237 2941606 3185575 9835453 5915311 74833477 70060305 X 80664308 95487711 5054337 5920090 48670 48459 85767315 101456260 160600792 171516565 X 13645383 -177388 2902 2218048 X X 0 1 X 1 1 1 X 4464029 5722627 6045327 5330038 5748838 27310859 4464029 5722627 6045327 5330038 5748838 27310859 162972 27147887 440545 400117 592173 696102 764880 2893817 30204676 562610035 0.89880 0.90180 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 qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51408918 1506170 3773586 948246 55740428 51961162 1712902 -777398 365291 1122457 51408918 47361554 5208162 -211742 396812 51961162 39529525 4463810 4707748 556126 449625 386549 47308783 35623245 2833451 2369288 529670 669295 97494 39529525 0.45450 0.43840 0.10710 0 1 1 7547953 7547953 133661940 47363270 86298670 16800120 11026479 5773641 5855182 3759595 2095587 101715851 Fair value of swap agreement liability 5883751 Payable to related exempt organization 31560 5915311 Part V, Line 4: Provide scholarship funds and support the general operations of the Foundation and University. 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 annually in the San Diego Tribune. Schedule E, Part I, Line 6 The University receives funding from the federal government, and as a result, is required to comply with various regulations related to those funding programs. Schedule E, line 5d: Some scholarships awarded from the endowment fund are specified for certain groups, such as Hispanics, Laotians, and Hawaiians. X X X X X X X 1 Westfall Group PO Box 341 Suwanee GA 30024 Fundraising and event management 0 0 32600 -32600 32600 -32600 AL AR CA FL HI IL IN IA KY MD MI MN MS NH NJ NY NC ND OK PA RI SC TN UT VA WV MA President's Donor Retreat 1 Student Scholarships/Awards 2271 26755656 Part I, Line 2: The University awards grants, scholarships & student loans based on various, predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. The University also grants funds to its supporting organization, Point Loma Nazarene University Foundation. The use of these funds is monitored through direct oversight of the Foundation. The finance department of the University maintains the books and records of the Foundation. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Robert Brower President 327699 0 641 0 4012 0 25690 0 21821 0 379863 0 0 0 George R Latter Jr VP of Finance 190265 0 632 0 198 0 15461 0 17771 0 224327 0 0 0 Kerry Fulcher Provost 192321 0 632 0 69 0 15515 0 27663 0 236200 0 0 0 Allison Reaser Chief Economist 212234 0 454 0 32400 0 17049 0 8663 0 270800 0 0 0 Catherine Smith VP of Student Dev. 155466 0 632 0 129 0 12568 0 1536 0 170331 0 0 0 Mark Pitts Vice Provost 152314 0 632 0 381 0 12316 0 6092 0 171735 0 0 0 Joe Watkins Executive Vice President 152402 0 618 0 1830 0 26578 0 21308 0 202736 0 0 0 Maria Zack Department Chair 145664 0 632 0 69 0 11517 0 1065 0 158947 0 0 0 Part I, Line 1a The University allows members of the Board of Trustees to bring their spouse to one of the two annual meetings each year. The University will pay the spouse's travel expenses and it is reportable as compensation. The University provides housing for the Chief Economist. This housing is paid for directly by the University and is treated as taxable wages included in reportable compensation. The University reimburses the President for the cost of house cleaning or landscaping expenses when his residence is used for University business. A California Municipal Finance Authority 201563466 2014-05-01 30010000 Variable rate loan - Refinance of the 12/20/11 Bonds 0 0 0 B California Municipal Finance Authority 201563466 2014-05-01 19874975 Fixed rate loan - Construction of new science building 0 0 0 A 30010000 30010000 2033 1 0 1 1 B 19874975 278717 19596258 2044 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 Robert Brower Officer of the University Housing Equity Agreement X 365400 365400 0 1 1 George Latter Jr Officer of the University Housing Equity Agreement X 58000 58000 0 1 1 Kerry Fulcher Key employee of the University Housing Equity Agreement X 325000 325000 0 1 1 DRC Partners Trustee Daryl Nicholson is the owner of DRC Partners. Business loan X 5000000 4919477 0 1 1 5667877 Alisha Brower Family of Robert Brower, President 30505 W2 Employee 0 DRC Partners Trustees Daryl Nicholson is the owner of DRC Partners. 275329 Rental income for space leased to PLNU 0 Schedule L Part II, Explanation of loan to DRC Partners: During the tax year ended 6/30/2015, the University made a $3,500,000 loan to DRC Partners. There was no similar loan in prior years. Legal counsel was consulted during the formation of the loan. In February 2017 this loan was increased to $5,000,000. X 32600 Fair Market Value X 1693 Fair Market Value X 10 299972 Fair Market Value X 2 339647 Appraisal X 5 5750 Cost X Recreational Experiences/Services (dining, recreation, golf, etc) 1 2000 Cost X Musical Instruments 1 1000 Fair Market Value 0 1 0 Part I, Column (b): The number of contributions reported is the number of contributions made, not the number of items contributed. Form 990, Part VI, Section A, line 1 The Administrative Cabinet of Point Loma Nazarene University is made up of the following people: - Robert Brower, University President - George Latter, Vice President for Finance and Administration - Joe Watkins, Vice President for External Relations - Mary Paul, Vice President for Spiritual Development - Caye Smith, Vice President for Student Development - Kerry Fulcher, Provost The only individual who also serves as a member of the governing body is Robert Brower. The scope of the Administrative Cabinet's authority is as follows: - sign contracts, leases, purchase agreements, and financing agreements in the name of Point Loma Nazarene University - signing documents that are routinely required in the normal course of business, including but not limited to tax returns, trust returns, annual reports to state and federal agencies, and certificates regarding resolutions - open, maintain, and close bank accounts and investment accounts in the name of Point Loma Nazarene University. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm, reviewed in detail by the finance team, and distributed to the board of trustees prior to being filed with the IRS. Form 990, Part VI, Section B, line 12c Conflict of interest statements are completed annually by all members of the governing body. The statements are reviewed by the Chairman of the Audit Committee of the Board of Trustees. The finance team is also monitoring all transactions for potential conflicts of interest. Form 990, Part VI, Section B, line 15 Each year at the spring board meeting of the University's Board of Trustees, the Executive Committee of the board receives a report in executive session from the Associate Vice President for Human Resources which compares the salaries of the University President and senior administrators (the Administrative Cabinet) to salaries for similar positions using four different salary surveys. Following discussion of this information, the Executive Committee takes action to set the salaries of the President and Administrative Cabinet for the following year, subject to approval of the full board, and records this action in the minutes of its meeting. Form 990, Part VI, Section C, line 19 The organizing documents, conflict of interest policy, and the financial statements are available upon request. Form 990, Part XI, line 9: Adjustment to swap agreenent liability 2,218,048. Form 990, Part XII, line 2c: The University Board of Trustees has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year. Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 Support Point Loma Nazarene University CA 501(C)(3) Line 11c - Type I N/A 0 Charitable Remainder Trust (1) CA 0 Charitable Remainder Unitrust (5) CA 0 Charitable Remainder Annuity Trust (1) CA 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Point Loma Nazarene University Foundation B Point Loma Nazarene University Foundation N Point Loma Nazarene University Foundation O