2017-05-11T13:33:08-05:00 2016-06-30 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2015-07-01 953948691 Point Loma Nazarene University Foundation POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 George R Latter Jr Treasurer 6198492200 2017-05-11 1 David C Moja P00747006 7149619300 2015 2021-01-29 14:40:06Z Scott McGuckin 3900 Lomaland Drive San Diego CA 92106 3402945 0 X www.pointloma.edu X 1965 CA Supports Point Loma Nazarene University. 13 10 0 12 0 0 5840194 1207781 0 0 2447855 2085396 -9167 71350 8278882 3364527 501035 886696 0 0 0 1532 0 0 0 1251183 1395316 1752218 2283544 6526664 1080983 56933375 55701932 1684184 1642939 55249191 54058993 The primary objectives and purposes of this corporation shall be to promote major gift fundraising for Point Loma Nazarene University (PLNU) through excellence in strategic development, major donor engagement, and oversight of foundation assets. 0 0 2283544 886696 0 Funds raised by the PLNU Foundation are primarily used to support Point Loma Nazarene University in the form of student financial aid. 2283544 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 0 CA X Jim Bergherm 6198492200 3900 Lomaland Drive San Diego CA 92106 Scott McGuckin President/Vice President (Part Year) 1.00 1.00 X X 0 0 0 Craig Van Hulzen President & Board Chair (Part Year) 1.00 1.00 X X 0 0 0 Gary Smee Secretary 1.00 1.00 X X 0 0 0 George R Latter Jr Treasurer 1.00 40.00 X X 0 181823 32295 Tom Battin Board Liason 1.00 0.00 X 0 0 0 Robert Brower Director 1.00 40.00 X 0 293381 41055 Carolyn Downey Director 1.00 0.00 X 0 0 0 Daryl Nicholson Director 1.00 1.00 X 0 0 0 Steve Scott Director 1.00 1.00 X 0 0 0 Mendell Thompson Director 1.00 1.00 X 0 0 0 Joe Watkins Director 1.00 40.00 X 0 130521 81492 Mike Gehart Director 1.00 0.00 X 0 0 0 Nate Spoelman Director 1.00 0.00 X 0 0 0 Gilbert Wai Director 1.00 0.00 X 0 0 0 0 605725 154842 0 0 1 0 Hirtle Callaghan 101 Avenue of the Americas 9th Flo New York NY 10013 Investment Management Svcs 197485 1 1207781 1207781 1011569 1011569 109768 38418 71350 71350 71350 1073827 0 1073827 1073827 1073827 3364527 0 0 2156746 290000 290000 596696 596696 1532 1532 197485 197485 2016 2016 88785 88785 1051 1051 3930 3930 Other 619428 619428 Payments on Annuities 283942 283942 Investment Expenses 195783 195783 Equipment 2896 2896 2283544 2283544 0 0 3369 3369 8712888 9655082 8712888 40010918 40133281 7264006 6852394 56933375 55701932 136362 1600 1600 7500 7500 1675084 1497477 1684184 1642939 X 26812808 25362966 6392825 5478981 22043558 23217046 55249191 54058993 56933375 55701932 X 1080983 -2451865 180684 X X 0 1 X 1 0 X X 1 Point Loma Nazarene University 951644035 2 1 290000 0 1 290000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51961162 2095955 -805414 365291 1255513 51630899 47361554 5532141 -211742 396812 323979 51961162 39529525 4463810 4707748 556126 449625 386549 47308783 35623245 2833451 2369288 529670 669295 97494 39529525 34915208 831884 457013 410518 170342 35623245 0.47280 0.52720 0 0 8712888 8712888 8712888 Equity participation notes receivable 5058942 Other receivables 59798 Receivable from Point Loma University 1733654 6852394 Charitable trusts & annuities payable 1497477 1497477 X Part V, Line 4: Provide scholarship funds and support the general operations of the Foundation and University. Part X, Line 2: The combined financial statement effects of a tax position taken or expected to be taken are recognized in the combined financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the combined statements of activities. As of June 30, 2016 and 2015, the University had no uncertain tax positions that qualify for recognition or disclosure in the combined financial statements. The University files information tax returns in the U.S. and California. The University is subject to income tax examinations for the current year and certain prior years based on the applicable laws and regulations. 1 Point Loma Nazarene University 3900 Lomaland Drive San Diego CA 92016 951644035 501 (c) 3 290000 To support the University. 1 Tuition assistance 325 596696 Part I, Line 2: The Foundation only grants funds to Point Loma Nazarene University, a related entity which the Foundation is a supporting organization to. The finance team overseeing the foundation's books and records also oversees the Universty's books. 0 0 0 0 0 0 0 0 0 George R Latter Jr Treasurer 0 181025 0 600 0 198 0 14706 0 17850 0 214379 0 0 Robert Brower Director 0 288997 0 600 0 3784 0 21200 0 20147 0 334728 0 0 Joe Watkins Director 0 128335 0 600 0 1586 0 23807 0 57997 0 212325 0 0 Form 990, Part VI, Section A, line 2 Daryl Nicholson, Craig Van Hulzen and Gary Smee - business relationship. Form 990, Part VI, Section B, line 11 The form 990 is prepared by an independent CPA firm, reviewed in detail by the finance department, and then distributed to the Board of Directors for review before 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 University's (PLNU) audit committee serves the purpose of oversight for both the Foundation's and PLNU's financial statement audit and independent auditor selection as the Foundation and PLNU report consolidated audited financial statements. Form 990, Part VI, Section C, line 19 The Foundation's governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part XI, line 9: Trust and annuity actuarial gain 159,158. Present value adjustment to annuities payable 21,526. Form 990, Part XII, Line 2c: The Foundation 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. 990, Part VI, Section B Line 15a and 15b: The Foundation has no employees. Compensation amounts on Form 990 Part VII are from a related organization. Therefore, these questions related to approval of officer compensation are not applicable to the Foundation. Form 990, Part IX: Employees of Point Loma Nazarene University, a related organization, perform some administrative functions for the Foundation. These employees' compensation is reported on the University's Form 990. Point Loma Nazarene University 3900 Lomaland drive San Diego CA 92106 951644035 Nonprofit Christian university CA 501(C)(3) Sch A Line 2 N/A 0 Charitable Remainder Trust (5) Hold assets and remit income to University CA Point Loma Nazarene University Foundation 0 Pooled Income Fund (4) Hold assets and remit income to University CA Point Loma Nazarene University Foundation 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Point Loma Nazarene University B Point Loma Nazarene University C Point Loma Nazarene University N Point Loma Nazarene University O