2016-02-14T13:45:20-07:00 2015-06-30 990 2014-07-01 941312349 CORBAN UNIVERSITY CORB 5035818600 5000 Deer Park Drive SE Salem OR 97317 Kevin Brubaker Vice President for Business 5033757077 2016-02-14 2014 2016-08-17 19:52:53Z Kevin Brubaker 5000 Deer Park Dr SE Salem OR 97317 35177400 0 X www.corban.edu X 1935 OR Undergraduate and Graduate higher education. 21 21 721 0 0 0 3395565 3270055 28557856 31116799 19531 38245 110476 752301 32083428 35177400 10294240 11329676 0 0 12515677 12309212 0 0 825557 10280019 11502584 33089936 35141472 -1006508 35928 22538785 23792309 12135076 13352672 10403709 10439637 Undergraduate and Graduate Higher Education. 0 0 16000447 11329676 26039142 To provide undergraduate and graduate education leading to bachelor and masters degrees 4648791 0 0 To provide student services to undergraduate and graduate students. 1994319 0 2953590 To provide housing and food services to undergraduate and graduate students 4647962 0 0 Other services to students 4647962 0 0 27291519 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 79 0 1 721 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X Corban University 5035818600 5000 Deer Park Drive SE Salem OR 97317 Tim Aagard Trustee 0 X 0 0 0 Tim Baker Trustee 0 0 X 0 0 0 Darrell Beddoe Trustee 0 0 X 0 0 0 Tom Carlson Trustee 0 0 X 0 0 0 Stephen McBee Trustee 0 0 X 0 0 0 Donn Mogford Trustee 0 0 X 0 0 0 David Nicholas Trustee 0 0 X 0 0 0 Patricia Roth Trustee Board Chair 0 0 X 0 0 0 Wayne Riehle Trustee 0 0 X 0 0 0 Erhardt Steinborn Trustee 0 0 X 0 0 0 Richard Whipps Trustee 0 0 X 0 0 0 Gary Williamson Trustee 0 0 X 0 0 0 Jim Carlson Trustee 0 0 X 0 0 0 Glenn Duckworth Trustee 0 0 X 0 0 0 Daniel Hill Trustee 0 0 X 0 0 0 James White Trustee 0 0 X 0 0 0 Deanna Garcia Trustee 0 0 X 0 0 0 Billy Cordero Trustee 0 0 X 0 0 0 Shannon King Trustee 0 0 X 0 0 0 Rod Hoff Trustee 0 0 X 0 0 0 Doug Beals Trustee 0 0 X 0 0 0 Jesse Hunt Vice President for Marketing 40 X 75113 0 0 Dennis M Lucas Provost 40 40 X 118402 0 0 Sheldon Nord President 40 0 X X X 168761 0 0 Kevin Brubaker Vice President for Business 40 0 X 85973 0 0 Brenda Roth Vice President for Student Life 40 0 X 74040 0 0 Greg Eide Director of Athletics 40 0 X 84166 0 0 606455 0 0 2 0 1 0 0 0 0 0 0 0 3270055 24577 3270055 31116799 31116799 0 0 31116799 38245 38245 0 0 0 0 0 0 445734 445734 0 0 90362 0 0 0 90362 0 90362 90362 0 0 0 0 0 Bookstore Revenue 453220 216205 216205 0 0 0 0 0 0 216205 35177400 31907345 0 0 0 0 11329676 11329676 0 0 0 0 606455 276608 329847 0 0 0 0 0 8083393 6541226 1117309 424858 418942 328848 69791 20303 2586618 2035668 426792 124158 613804 483064 101278 29462 3010534 1701498 1286531 22505 94179 0 94179 0 81375 0 81375 0 0 0 0 0 0 0 0 0 0 0 3159390 2685029 474361 0 1061143 945179 34478 81486 464601 302802 90650 71149 320370 0 320370 0 0 0 0 0 676296 0 676296 0 557438 458179 47623 51636 0 0 0 0 219358 203742 15616 0 567889 0 567889 0 0 0 0 0 1069704 0 1069704 0 109608 0 109608 0 Bad Debt Write Off 110699 0 110699 0 0 0 0 0 35141472 27291519 7024396 825557 96908 648548 235785 231078 422330 413230 884312 685227 0 0 0 0 743956 222025 261700 0 101003 1236753 28998341 15015482 13588206 13982859 1683293 1848080 4521292 4524509 22538785 23792309 1787204 2602804 863688 1067289 8811377 9101256 49282 350001 623525 231322 12135076 13352672 X 7249105 6715670 1225418 1212967 1929186 2511000 10403709 10439637 22538785 23792309 35928 0 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2416859 284560 483979 72650 0 0 3112748 1896392 585644 33010 98187 0 0 2416859 1811557 98235 11185 24585 0 0 1896392 1639542 178337 18078 24400 0 0 1811557 1580108 51760 7674 0 0 0 1639542 0 0.19 0.81 0 0 402223 0 402223 22860115 0 10706484 12153631 0 0 0 0 5484268 0 4308998 1175270 251735 0 0 251735 13982859 17410 F 0 F Irrevocable Trust 1570734 F Patronage Certificates 185936 F Real Estate 74000 F 1848080 Assets Held For Sale 3990000 Other Assets 534509 4524509 0 Deposits held in custody for others 31146 Split Interest Obligations 200176 231322 23847724 0 0 0 -11329676 -11329676 35177400 0 0 0 35177400 23811796 0 0 0 -11329676 -11329676 35141472 0 0 0 35141472 Schedule D, Part V, Line 4 To provide scholarships for students. Schedule D, Part XI, Line 2d Scholarships and Fellowships that netted tuition revenue on the financial statements Schedule D, Part XII, Line 2d Scholarship and fellowships which were applied on the revenue side of the financial statements but the expense side of the 990. 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 Fall of 2014 in the Oregonian Newspapaer Schedule E, Part I, Line 6 Corban University receives Title IV financial aid for its students. 1 Academic Performance, need based grants, academic and music scholarship. 936 11329676 0 US Dollars Schedule I, Part I, Line 2 The philosophy of student aid is to provide access and choices to students, who without financial assistance would not be able to attend an institution of higher learning. The Director of Financial Aid is responsible for establishing Institutional policy development surrounding the delivery of financial assistance Policy development adheres to federal and state laws and regulations as well as to the mission of the University. When appropriate, Financial Aid policy is reported to and approved by the Executive Vice President & Vice President for Business. The primary purpose of a collegiate financial aid program should be to provide financial assistance to accepted students who, without such aid, would be unable to attend that university. Each university has an obligation to assist in realizing the national goal of equality of educational opportunity The University, therefore, should work with schools, community groups, and other educational institutions in support of this goal. Parents are expected to contribute according to their means, taking into account their income, assets, number of dependents, and other relevant information Students themselves are expected to contribute from their own assets and earnings, including appropriate borrowing against future earnings Need-based financial aid should be offered only after determination that the resources of the family are insufficient to meet the student's educational expenses. The amount of need-based aid offered should not exceed the amount needed to meet the difference between the student's total educational expenses and the family's resources. The amount and type of self-help expected from students should be related to the circumstances of the individual In the assignment of funds to those students designated to receive financial aid, the largest amounts of total grant assistance should go to students with the least ability to pay The university should review its financial assistance awards annually and adjust them, if necessary, to reflect changes in the financial needs of students and the expenses of attending the institution. The university has an obligation to inform students and parents of the financial aid renewal policies for enrolled students at the time of the initial offer of financial assistance. Because the amount of financial assistance awarded reflects the economic circumstances of students and their families as well as available funding, the university should refrain from any public announcement of the amount of aid offered and encourage students, their secondary schools, and others to respect the confidentiality of this information. Selection of students to receive financial aid will be made without regard to age, sex, race, color, religion, national origin, disability or marital status. Priority consideration for aid is given to students whose files are complete by March 1 of each year. The institution will package each student according to the matrix (percentage) need assigned the student. This determination is made by the award year the student will enter Once the matrix year is determined the student is awarded a percentage of his or her (FAFSA) need with federal, state and institutional aid The student is then awarded work study followed with Perkins loan, Stafford (subsidized or unsubsidized) loan and the PLUS loan, as applicable Aid is "frozen" from one year to the next In extreme instances as defined by the Financial Aid Office, the amount of grant money may be adjusted accordingly to reflect a students' new need Honors scholarships are awarded based on the high school GPA, rank and either the SAT or ACT scores Students will continue to receive the scholarship as long as the student is in good academic standing Award letters are mailed or emailed to the student whenever there is a change to the financial aid award and the change affects federal or state awards. X X X X X 0 0 0 0 0 0 0 0 0 Sheldon Nord President 168761 0 0 0 0 0 0 0 45497 0 214258 0 0 Dennis M Lucas Provost 118402 0 0 0 0 0 0 0 29924 0 148326 0 0 0 Kevin Brubaker Vice President for Business 85973 0 0 0 0 0 0 0 27097 0 113070 0 0 0 Brenda Roth Vice President for Student Life 74040 0 0 0 0 0 0 0 12813 0 86853 0 0 0 Jesse Hunt Vice President for Marketing 75113 0 0 0 0 0 0 0 5570 0 80683 0 0 0 Greg Eide Director of Athletics 84166 0 0 0 0 0 0 0 6849 0 91015 0 0 0 Schedule J, Part I, Line 3 The Board considers information from similar organizations' CEO compensation in order to set the appropriate compensation for Corban's CEO. Final compensation is approved by the board of trustees after review by a compensation committee. When approved, a contract is drafted and signed by the CEO and Board Chair. Form 990, Part VI, Section B, Line 11b The form is created by the Finance Department and reviewed by the Vice President for Business. Form 990, Part VI, Section B, Line 12c Enforcement through accountability of Trustees to the board Chair and the Executive Committee. Form 990, Part VI, Section B, Line 15 The salary of the CEO is set by the board of Trustees in consultation with other data including surveys and salaries from similar organizations. Form 990, Part VI, Section C, Line 19 These documents are available upon request. Organization had an approved extension (form 8868) through February 15, 2016.