2017-05-12T19:15:01-05:00 2016-06-30 Grant Thornton LLP 515 S Flower Street 7th Floor Los Angeles CA 90071 990 2015-07-01 951644026 University of La Verne % LORI GORDIEN CASE UNIV 9095933511 1950 Third Street La Verne CA 917504401 AVO KECHICHIAN CFO 9095933511 2017-05-12 true Rosemarie Brown P01278077 2136271717 2017-05-12 2015 2021-01-29 14:40:06Z Devorah A Lieberman 1950 Third Street La Verne CA 917504401 236463642 false X www.laverne.edu X 1891 CA DELIVERY OF UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS. 34 32 2565 66 0 0 6917803 17085765 186281166 198376109 6217751 1575371 700445 1030895 200117165 218068140 45668027 51927782 0 0 82073748 83375373 0 0 3465487 55190363 57203458 182932138 192506613 17185027 25561527 314549095 331361162 126256874 124388675 188292221 206972487 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 159365992 51927782 199555667 EDUCATIONAL SERVICES FOR UNDERGRADUATE, GRADUATE, LAW AND DOCTORAL STUDENTS. APPROXIMATE NUMBER OF STUDENTS SERVED: 10,451. 159365992 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 false false false false true false false false true 294 0 true 2565 true false false false false false true true false false false false X 34 32 true false true 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 Luis Faura Chairman 3.0 0.0 X X 0 0 0 Mark Hicks trustee/Adjunct professor 3.0 0.0 X 16735 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 Steven N Reenders Vice Chair 3.0 0.0 X 0 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 Devorah A Lieberman President 40.0 0.0 X X 473133 0 161013 Alvin Chang Trustee 3.0 0.0 X 0 0 0 Jonathan Reed Provost 40.0 0.0 X 232415 0 23241 Avedis Kechichian Chief Financial Officer 40.0 0.0 X 208903 0 43076 Myra Garcia-Fernandez VP, University Advancement 40.0 0.0 X 222205 0 42957 Phillip Hawkey Special Advisor to President 40.0 0.0 X 388563 0 24972 Homa Shabahang VP, Enrollment Management 40.0 0.0 X 226116 0 35635 Clive Houston-Brown AVP, Facility & Tech Srvcs/CIO 40.0 0.0 X 198853 0 42608 Gilbert Holmes Dean of the College of Law 40.0 0.0 X 253326 0 44650 Ibrahim Helou Dean 40.0 0.0 X 192329 0 40612 Stephen Lesniak Dean, ROC Emeritus 40.0 0.0 X 217528 0 11436 Barbara J Poling Interim Dean 40.0 0.0 X 163858 0 15328 Mark Goor Special Assistant to Provost 40.0 0.0 X 182967 0 34463 H Randall Rubin Professor 40.0 0.0 X 206064 0 43267 Alden Reimonenq Professor 40.0 0.0 X 194189 0 35490 Stephen Sayles Professor 40.0 0.0 X 190612 0 13468 Issam Ghazzawi Professor 40.0 0.0 X 183358 0 18221 3751154 0 630437 142 false true false Bomel Construction Co Inc 8195 E Kaiser Blvd ANAHEIM CA 928082214 Contractor 12370035 Professional Development Courses 4121 Avendida De La Plata OCEANSIDE CA 92056 Correspondent Work 6048540 Bon Appetit 750 Amherst Ave CLAREMONT CA 917114443 Student Cafeteria 3547110 Sodexo Inc Affiliates 3440 Flair Drive EL MONTE CA 91731 Housekeeping 1354197 Arthur J Gallagher PO Box 742886 LOS ANGELES CA 900742886 Insurance Broker 1265455 77 444210 1880782 14760773 362293 17085765 TUITION & FEES 611710 187496710 187496710 AUXILIARY ENTERPRISES 611710 10430998 10430998 SPONSORED PROGRAMS 900099 148723 148723 TICKET SALES & EVENTS 900099 184360 184360 BOOKSTORE 900099 115318 115318 198376109 1889746 1889746 7863 7863 0 0 0 0 17775726 16068896 2029068 1706830 -2029068 -322238 -322238 148875 444210 297538 -148663 -148663 0 0 STAFF PARKING FEES 900099 85681 85681 ALL OTHER REVENUE 900099 1093877 1093877 1179558 218068140 199555667 0 1426708 0 51927782 51927782 0 0 2532203 1493654 566460 472089 231305 131379 99926 65071438 53695300 9806805 1569333 4947601 4182008 624839 140754 5753324 4240366 1360983 151975 4839502 4026904 695692 116906 0 316344 45656 270688 110090 110090 6613 6613 0 117016 117016 13305729 6257524 6438281 609924 1586191 1011654 522821 51716 3252737 1835472 1241765 175500 3410701 782663 2610025 18013 0 5978881 3295040 2683279 562 2679709 1825178 736755 117776 0 321286 215973 83359 21954 4822854 4822854 0 7516851 7516851 2638921 1932063 706858 CONTRACTED TEACHING SERVICES 5716885 5716885 CONTRACTED FOOD SERVICES 2877292 2877292 EQUIP RENTAL & MAINTENANACE 1817877 806013 992879 18985 LIBRARY BOOKS & MEDIA 652118 652118 75363 75363 192506613 159365992 29675134 3465487 24002 7719 60660331 47262921 2046556 1814493 1839608 2326100 0 0 0 0 0 0 43185 19732 4063505 4632811 240020272 90186192 137554788 149834080 91037767 106951192 12372260 13634558 4907093 4877556 0 0 0 0 314549095 331361162 10189608 10657184 0 0 11166056 12294786 97460000 94260000 0 0 0 0 953457 775920 0 0 6487753 6400785 126256874 124388675 X 144218479 154124806 19200729 16580330 24873013 36267351 188292221 206972487 314549095 331361162 X 25561527 -6000297 -880964 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false false false false true 6613 false false 6613 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 68802897 14423878 -3343388 590306 487034 78806047 63243924 5032095 1446733 566908 352947 68802897 47975967 7620576 8546931 553417 346133 63243924 37358594 6046485 5458972 545447 342637 47975967 36628858 1570469 8889 517054 332568 37358594 0.48360 0.40930 0.10710 false false 323105 26790899 27114004 110966991 39389230 71577761 36825133 9467158 27357975 48527163 40849302 7677861 16586981 480502 16106479 149834080 0 ANNUITIES PAYABLE 3430613 FEDERAL STUDENT LOAN FUNDS 2970172 6400785 X 161906143 -6000297 -50459238 -56459535 218365678 -297538 -297538 218068140 143225877 297538 297538 142928339 49578274 49578274 192506613 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 maintaining purchasing power, the endowments annual rate of return must equal the annual distribution, plus inflation, plus management, custodial and administrative fees. This distribution to the University is based on a 12 quarter moving average of the market value. This spending method protects the Universitys distribution from 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. However, there is not a transfer of actual cash from the endowment fund. Without requiring a liquidation of cash, this treatment allows the investments of the endowment to grow. 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, 2016, nor are any anticipated in the 12 months following June 30, 2016. There have been no related tax penalties or interest, which would be classified as tax expense in the statement of activities. The open federal and state tax years are as follows: Federal - US: 2012 through 2015 California: 2011 through 2015 Reconciliation of Revenues Per Audited Financial Statements With Return Schedule D, Part XI, Line 2d: Student Financial Aid: $(49,578,274) net change in actuarial obligations: $(534,736) net loss on refinance of bonds: $(346,228) Total: $(50,459,238) Schedule D, Part XI, Line 4b: Fundraising Expenses: $(297,538) Reconciliation of Expenses Per Audited Financial Statements With Return Schedule D, Part XII, Line 2d: Fundraising Expenses: $297,538 Schedule D, Part XII, Line 4b: Student Financial Aid: $49,578,274 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. DEPARTMENT OF AGRICULTURE, THE U.S. SMALL BUSINESS ADMINISTRATION, AND THE CALIFORNIA COMMISSION ON TEACHING CREDENTIALING. GALA 498717 421392 77325 589 88000 88370 2600 60946 GOLF 94368 22818 71550 1400 13215 22568 19850 0 593085 444210 148875 1989 101215 110938 2600 80796 297538 -148663 true Scholarships / Grants for Students 3439 51927782 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 University's 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 student's 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 student's financial aid status while at the University. X X true true X X X X true false false false false false false false false Devorah A Lieberman President 415896 0 0 0 57237 0 26500 0 134513 0 634146 0 0 0 Jonathan Reed Provost 214419 0 0 0 17996 0 23241 0 0 0 255656 0 0 0 Avedis Kechichian Chief Financial Officer 207874 0 0 0 1029 0 21625 0 21451 0 251979 0 0 0 Myra Garcia-Fernandez VP, University Advancement 221107 0 0 0 1098 0 22787 0 20170 0 265162 0 0 0 Phillip Hawkey Special Advisor to President 162278 0 0 0 226285 0 13790 0 11182 0 413535 0 0 0 Homa Shabahang VP, Enrollment Management 219716 0 0 0 6400 0 22787 0 12848 0 261751 0 0 0 Clive Houston-Brown AVP, Facility & Tech Srvcs/CIO 197879 0 0 0 974 0 20714 0 21894 0 241461 0 0 0 Gilbert Holmes Dean of the College of Law 250615 0 0 0 2711 0 25894 0 18756 0 297976 0 0 0 Ibrahim Helou Dean 192329 0 0 0 0 0 20091 0 20521 0 232941 0 0 0 Mark Goor Special Assistant to Provost 182967 0 0 0 0 0 18599 0 15864 0 217430 0 0 0 H Randall Rubin Professor 204316 0 0 0 1748 0 21247 0 22020 0 249331 0 0 0 Alden Reimonenq Professor 192767 0 0 0 1422 0 17992 0 17498 0 229679 0 0 0 Stephen Sayles Professor 189987 0 0 0 625 0 5758 0 7710 0 204080 0 0 0 Issam Ghazzawi Professor 182696 0 0 0 662 0 10451 0 7770 0 201579 0 0 0 Stephen Lesniak Dean, ROC Emeritus 217528 0 0 0 0 0 6774 0 4662 0 228964 0 0 0 Barbara J Poling Interim Dean 163858 0 0 0 0 0 15328 0 0 0 179186 0 0 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). Severance Arrangements Schedule J, Part I, Line 4a: Certain individuals listed on Schedule J, Part II have a severance arrangement as a part of their employment agreement, which provides for a severance payment under certain circumstances of one year salary upon termination of employment. In the 2015 calendar year, the University issued severance pay in the amount of $206,845.92 to Key Employee Philip Hawkey, Special Advisor to the President in 2015. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2015-07-31 18428812 University Construction false false false B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048THG1 2010-11-24 69676082 University Construction false false false C CALIFORNIA MUNICIPAL FACILITIES AUTHORITY 201563466 2013-07-26 15000000 UNIVERSITY CONSTRUCTION false false false A 0 0 20224202 1795389 0 0 300396 0 0 0 18079417 0 2007 true false true true B 0 0 66710285 6064483 0 0 1108057 0 0 28408879 31128866 0 2014 true false true true C 0 0 15000000 0 0 0 135765 0 0 14864235 0 0 2016 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true C 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 B false false false true false false 0 false 0 false true C false true false true false false 0 false 0 false true A true B true C 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, and 2008. Schedule K, Part IV, Column A, Line 2c The rebate computation for the bond dated 11/10/2005 was last performed on JULY 31, 2015. 89131 Tuition educational support Ankine Kechichian Family member of CFO 99926 Compensation for Employment false Michelle Kechichian Family member of CFO 69693 Compensation for Employment false Lisa Lester Family member of Trustee 61686 Compensation for Employment false X 6 277256 FMV X 1 60200 FMV X Grand Pianos 2 7950 Donor Appraised X Painting - Ebony African Head 1 2850 Donor Appraised X Life Insurance 1 2285 Donor Appraised X Miscellaneous Small Gifts 39 11752 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. Part VI, Section A, Line 3, Business relationships among officers: Trustees Steve Rendeers and Richard Lewis have a business relationship. This relationship is otherwise independent of the University. Part VI, Section A, line 4: On may 27, 2016, the Bylaws were amended to add an officer postion 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 exectuive committee and/or board of trustees those matters whcih 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. After the Associate Vice President of Finance also performs a review of the return, the Form 990 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), or an entity owned in whole or in part by a Trustee (or a family member) for any conflicts of interest. Revealed conflicts are reported on the Form 990, and reviewed by members of the Board Audit Committee to determine any further action if necessary. Process for Determining Compensation of President, 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: $(534,736) NET LOSS ON REFINACE OF BONDS: $(346,228) TOTAL: $($880,964) Charitable Remainder Unitrusts (15) Fundraising CA NA Trust false Charitable Remainder Annuity Trust (1) Fundraising CA NA Trust false net income with make-up CRUT (1) fundraising CA Na Trust false false false false false false false false false false false false false false false false false false false false