2016-04-20T17:33:15-05:00 2015-06-30 910189318 MOSS ADAMS LLP 3121 WEST MARCH LANE STE 100 STOCKTON CA 95219 990 2014-07-01 951643389 UNIVERSITY OF REDLANDS UNIV 9097488180 PO BOX 3080 REDLANDS CA 923730999 CORY R NOMURA VP FINANCE & ADMINISTRATION 9097488180 2016-04-20 1 TRACY S PAGLIA P00366884 2099556100 2016-04-15 2014 2016-08-17 19:52:53Z RALPH W KUNCL PO BOX 3080 REDLANDS CA 923730999 216045345 0 X WWW.REDLANDS.EDU X 1907 CA THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT LIBERAL ARTS AND SCIENCES UNIVERSITY COMMITTED TO A MISSION THAT EMPHASIZES ACADEMIC RIGOR, PERSONAL DEVELOPMENT AND INTERDISCIPLINARY STUDIES. 36 36 3192 1500 98355 0 14889493 8497184 171759026 185566010 8071356 9498184 182717 167878 194902592 203729256 57193551 60908254 0 0 66655879 69163860 0 0 2731563 54925450 55984643 178774880 186056757 16127712 17672499 332430879 340099538 116225570 114187591 216205309 225911947 X SEE SCHEDULE O 0 0 48026196 0 182854203 INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 5,333 FULL TIME AND PART TIME STUDENTS 60908254 60908254 0 SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 3,000 STUDENTS 19312496 0 2601044 STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS 28609754 0 110443 PUBLIC SUPPORT AND STUDENT SERVICES 28609754 0 110443 156856700 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 7859 0 1 3192 1 1 1 1 AU 0 0 0 0 0 0 0 0 X 36 36 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CORY NOMURA VP FOR FINANCE & ADMIN 9097488180 1200 E COLTON AVENUE ADMIN 302 REDLANDS CA 92373 BRADLEY ADAMS TRUSTEE 2.00 X 0 0 0 JAMISON ASHBY TRUSTEE 1.00 X 0 0 0 WENDELL BARNER TRUSTEE 2.00 X 0 0 0 CAROLE BESWICK CHAIR - TRUSTEE 4.00 X X 0 0 0 LARRY BURGESS FIRST VICE CHAIR - TRUSTEE 1.00 X X 3000 0 0 WILLIAM CAHILL TRUSTEE 1.00 X 0 0 0 DAVID DANIELSON TRUSTEE 1.00 X 0 0 0 JOSEPH D'ANNA TRUSTEE 1.00 X 0 0 0 DAVID ENZMINGER TRUSTEE 1.00 X 0 0 0 BECKY CAMPBELL GARNETT TRUSTEE 2.00 X 0 0 0 KENNETH HALL TRUSTEE 1.00 X 0 0 0 DEBBIE HEAP TRUSTEE 1.00 X 0 0 0 GREGORY HORTER TRUSTEE 1.00 X 0 0 0 RICHARD HUNSAKER TRUSTEE 2.00 X 0 0 0 FRAN INMAN TRUSTEE 1.00 X 0 0 0 LAWRENCE KING TRUSTEE 2.00 X 0 0 0 TERRY KUPFER TRUSTEE 1.00 X 0 0 0 LELAND LAUNER 2ND VC - TRUSTEE (THRU 11/2014) 1.00 X X 0 0 0 ANN LUCAS TRUSTEE 1.00 X 0 0 0 SHERRI MEDINA TRUSTEE 1.00 X 0 0 0 ALICE MOZLEY TRUSTEE 2.00 X 0 0 0 BRIAN MURPHY TRUSTEE 1.00 X 0 0 0 ROBERT ODA TRUSTEE 1.00 X 0 0 0 JAMES RAMOS TRUSTEE 1.00 X 0 0 0 DANIEL RENDLER TRUSTEE 1.00 X 0 0 0 SABINE ROBERTSON-PHILLIPS TRUSTEE 1.00 X 0 0 0 DARREN ROSE TRUSTEE 2.00 X 0 0 0 JOSEPH RULISON TRUSTEE 1.00 X 0 0 0 ROGER SALAZAR TRUSTEE 1.00 X 0 0 0 JAMES SCHROEDER TRUSTEE 2.00 X 0 0 0 LINDA NELSON SIMMS TRUSTEE 1.00 X 0 0 0 WILLIAM SIWEK TRUSTEE 1.00 X 0 0 0 CHRIS STRAND TRUSTEE 2.00 X 0 0 0 ANTHONY TAYLOR TRUSTEE 1.00 X 0 0 0 RONALD TROUPE TRUSTEE 1.00 X 0 0 0 STANLEY WEISSER SECRETARY - TRUSTEE 1.00 X X 0 0 0 CHARLES WILKE TRUSTEE 1.00 X 0 0 0 CHARLOTTE BURGESS VP AND DEAN STUDENT LIFE 40.00 X 195489 0 18720 KEVIN DYERLY VP ENROLLMENT 40.00 X 183266 0 32204 DAVID FITE INTERIM PROVOST & CHIEF ACADEMIC OFFICER 40.00 X 233519 0 30206 ANITA WEST VP ADVANCEMENT 40.00 X 227618 0 25475 CORY NOMURA VP FINANCE AND ADMIN 40.00 X 261988 0 48156 RALPH KUNCL PRESIDENT 40.00 X 526807 0 202031 STUART NOBLE-GOODMAN DEAN, URSB (THRU 6/2014) 40.00 X 260117 0 28704 KATHY OGREN DEAN, CAS 40.00 X 199818 0 29205 JAMES VALADEZ DEAN, SOE 40.00 X 173697 0 20927 BETHANN COREY AVP ENROLLMENT 40.00 X 148196 0 31917 JACK OSBORN EXECUTIVE PROFESSOR 40.00 X 162913 0 35479 DENNIS CHRISTENSEN DIRECTOR REAL ESTATE (THRU 12/2014) 40.00 X 165392 0 18579 MICHELLE ROGERS CHIEF OF STAFF AND LIAISON TO BOARD 40.00 X 157165 0 33921 RAYMOND WATTS AVP DEVELOPMENT 40.00 X 152194 0 29521 3051179 0 585045 112 0 1 0 BON APPETIT MANAGEMENT 100 HAMILTON AVE STE 400 PALO ALTO CA 94301 FOOD SERVICE 6634577 IES 33 N LASALLE ST 15TH FL CHICAGO IL 606022602 STUDY ABROAD PROGRAM 1690238 SODEXO INC 109 E 50TH STREET NEW YORK NY 10022 JANITORIAL 1116737 CLEAR CHANNEL WORLDWIDE 200 EAST BASSE ROAD SAN ANTONIO TX 782098328 ADVERTISING & MARKETING 1056919 INSTITUTE FOR STUDY ABROAD INC 1100 W 42ND ST STE 305 INDIANAPOLIS IN 46208 STUDY ABROAD PROGRAM 869860 57 67431 8429753 487982 8497184 TUITION & FEES 611600 181055085 181055085 AUXILIARY PROGRAMS 611600 2601364 2601044 320 ASSOCIATED STUDENT 611600 1158252 1158252 CONFERENCES 611600 640866 640866 STUDENT LOAN INTEREST 611600 110443 110443 185566010 2285824 98035 2187789 112661 112661 55217 0 55217 55217 55217 19528449 12316089 7212360 7212360 7212360 203729256 185565690 98355 9568027 60908254 60908254 2509205 606711 1603399 299095 53272440 42182442 9765101 1324897 2927191 2245682 596269 85240 6367807 4885254 1297122 185431 4087217 3135631 832566 119020 191167 460 190707 202949 202949 499388 499388 2480548 925851 1503450 51247 3799008 3728102 54434 16472 3419945 1850765 1290855 278325 2653747 2016848 560471 76428 8292789 2837452 5453484 1853 2659433 2371436 224491 63506 204729 155990 40491 8248 3262429 2623677 638752 9782056 9782056 719851 558316 145381 16154 STUDENT PROGRAMS 8356025 7984233 204509 167283 FOOD SERVICE 6910930 6808274 79567 23089 BAD DEBT EXPENSE 727787 -55352 783139 MEMBERSHIPS 262017 71196 183189 7632 1559845 1233422 318780 7643 186056757 156856700 26468494 2731563 1624215 3954866 26714333 35592139 8925946 10822733 5508327 5804113 1701421 3177433 90850 86987 1909155 2681689 264549940 130805385 141761719 133744555 22100988 20538435 109441283 112403827 11438242 10357981 1214400 934780 332430879 340099538 9950512 10221327 6313700 6231491 68808415 67818566 8387960 7766825 22764983 22149382 116225570 114187591 X 67029975 74671972 42837125 42364033 106338209 108875942 216205309 225911947 332430879 340099538 X 17672499 -7385150 -580711 X 0 1 X 1 1 1 X 10798934 8426456 10720780 14859493 8497184 53302847 10798934 8426456 10720780 14859493 8497184 53302847 14622639 38680208 1561837 1770480 2268995 2560526 2355667 10517505 65076 65076 63885428 798831004 0.60550 0.60780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X X 0 132605390 2348783 2945365 1810366 2813238 133275934 115251074 6112592 16094290 1950409 2902157 132605390 107520190 2303169 10442058 2034762 2979581 115251074 111543339 1510384 -503748 2046328 2983457 107520190 96476920 5579322 15231580 2099400 3645083 111543339 0.04820 0.74720 0.20460 0 0 46619 2232258 2278877 8666503 224598944 112827437 120438010 9338180 5066210 4271970 19667436 12911738 6755698 133744555 OTHER INVESTMENTS 345850 C ASSETS HELD BY OTHERS 1035144 F PRIVATE EQUITY PSHIPS 10902658 F MULTI-HEDGE STRATEGIES 22182400 F INFLATION HEDGING 12425980 F COMMON TRUST FUNDS 24749867 F GLOBAL EQUITIES 31343228 F FIXED INCOME 9418700 F 112403827 RESERVE FOR ANNUITIES PAYABLE 1608102 REFUNDABLE U.S. GOVT STUDENT LOANS 5520650 LIABILITY FOR TRUSTS PAYABLE 11694721 ASSET RETIREMENT OBLIGATION 3086307 UNEARNED REV - POOLED INCOME FUND 239602 22149382 X 132788297 -7385150 -7385150 140173447 389533 63166276 63555809 203729256 123081659 0 123081659 389533 62585565 62975098 186056757 PART III, LINE 4: THE UNIVERSITY MAINTAINS A LIMITED COLLECTION OF ART AND HISTORICAL TREASURES TO BE USED FOR ACADEMIC AND RESEARCH PURPOSES AS WELL AS PRESERVING COLLECTION ITEMS FOR FUTURE GENERATIONS. UPON THE ADOPTION OF SFAS 116, THE UNIVERSITY ELECTED TO CAPITALIZE COLLECTION ITEMS PROSPECTIVELY. SUBSEQUENT TO MAKING THE ELECTION, THE UNIVERSITY HAS NOT RECORDED ANY SIGNIFICANT COLLECTION ITEMS. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED FOR SCHOLARSHIPS, EDUCATIONAL ACTIVITIES AND INSTITUTIONAL SUPPORT PURPOSES. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET INCOME FROM UNRELATED BUSINESS ACTIVITIES, AND FILES FEDERAL AND STATE RETURNS TO REPORT UNRELATED BUSINESS INCOME, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THE UNIVERSITY'S MATERIAL TAX POSITIONS; THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED AS OF JUNE 30, 2015 AND 2014. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS BEFORE JUNE 2012 FOR ITS FEDERAL FILINGS AND FOR YEARS BEFORE JUNE 2011 FOR ITS STATE FILINGS. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 60,908,254. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 274,217. ASSOCIATED STUDENT REVENUE 1,158,252. BOOK/TAX DIFFERENCE FROM K-1 98,035. PLEDGE WRITE OFF 30,000. LOSS ON EXTINGUISHMENT OF DEBT 697,518. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 60,908,254. ASSOCIATED STUDENT EXPENSES 979,793. LOSS ON EXTINGUISHMENT OF DEBT 697,518. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLISHES STATEMENTS THAT THE UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMISSIONS PROCESS IN THE UNIVERSITY CATALOG, ADMISSIONS BROCHURES, AND APPLICATION FORMS. SCHEDULE E, PART I, LINE 6 GRANTS RECEIVED FROM FEDERAL AND STATE AGENCIES FOR FINANCIAL ASSISTANCE TO STUDENTS. EUROPE (INCLUDING ICELAND AND GREENLAND) 1 2 PROGRAM SERVICES UNDERGRADUATE STUDY ABROAD 766597 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 23740998 1 2 0 0 1 2 24507595 0 24507595 1 0 0 1 1 0 PART I, LINE 3: THE ORGANIZATION MONITORS FOREIGN EXPENDITURES ON A MONTHLY BASIS. ONCE DURING EACH SEMESTER, THE UNIVERSITY OF REDLANDS TRANSFERS EUROS TO THE FOREIGN OFFICE FOR THE ESTIMATED AMOUNT OF THE FOREIGN OFFICE'S EXPENDITURES FOR THE SEMESTER. AT THE END OF EACH MONTH, THE FOREIGN OFFICE SENDS THE UNIVERSITY OF REDLANDS A LEDGER OF ACTUAL EXPENDITURES AND A CASH RECONCILIATION FOR THE BANK ACCOUNT. THE UNIVERSITY OF REDLANDS EVALUATES AND RECONCILES THE FOREIGN ACCOUNT CASH BALANCE AND UPDATES THE GENERAL LEDGER MONTHLY BASED ON THE ACTUAL DATA RECEIVED. AT THE END OF EACH SCHOOL YEAR, THE FOREIGN OFFICE PROVIDES THE UNIVERSITY OF REDLANDS WITH RECEIPTS AND DOCUMENTATION FOR ALL EXPENDITURES FOR THE YEAR. 1 UNDERGRADUATE NEED BASED SCHOLARSHIPS 2343 52038440 UNDERGRADUATE MERIT SCHOLARSHIPS 769 8434591 GRADUATE NEED BASED SCHOLARSHIPS 96 435223 PART I, LINE 2: NEED BASED AID IS AWARDED BASED ON FEDERAL AND/OR STATE ELIGIBILITY REQUIREMENTS AND INSTITUTIONAL AID IS AWARDED ACCORDING TO INSTITUTIONAL POLICY. AMOUNTS OF AID AWARDED ARE IN COMPLIANCE WITH GOVERNING REGULATIONS OR INSTITUTIONAL POLICY. IN COMPLIANCE WITH TITLE IV REGULATIONS, TOTAL AID FROM ALL SOURCES CANNOT EXCEED NEED OR THE ANNUAL COST OF TUITION, REGARDLESS OF THE LEVEL OF NEED. GRANTS AND SCHOLARSHIPS ARE APPLIED DIRECTLY TO A STUDENT ACCOUNT AND FUNDS ARE NOT DISTRIBUTED DIRECTLY TO STUDENTS. OVERPAYMENT OR CREDIT BALANCES OF STUDENT ACCOUNT BALANCES ARE ANALYZED PRIOR TO DISTRIBUTING REFUNDS TO STUDENTS TO ENSURE THAT GRANTS AND SCHOLARSHIPS ARE PROPERLY AWARDED AND UTILIZED FOR EDUCATIONAL PURPOSES. X X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 CHARLOTTE BURGESS VP AND DEAN STUDENT LIFE 194285 0 0 0 1204 0 14723 0 3997 0 214209 0 0 0 KEVIN DYERLY VP ENROLLMENT 182533 0 0 0 733 0 14256 0 17948 0 215470 0 0 0 DAVID FITE INTERIM PROVOST & CHIEF ACADEMIC OFF 229908 0 0 0 3611 0 17606 0 12600 0 263725 0 0 0 ANITA WEST VP ADVANCEMENT 221106 0 0 0 6512 0 16821 0 8654 0 253093 0 0 0 CORY NOMURA VP FINANCE AND ADMIN 248700 0 0 0 13288 0 46290 0 1866 0 310144 0 0 0 RALPH KUNCL PRESIDENT 519425 0 0 0 7382 0 140818 0 61213 0 728838 0 0 0 STUART NOBLE-GOODMAN DEAN, URSB (THRU 6/2014) 113067 0 0 0 147050 0 19153 0 9551 0 288821 0 0 0 KATHY OGREN DEAN, CAS 199067 0 0 0 751 0 15359 0 13846 0 229023 0 0 0 JAMES VALADEZ DEAN, SOE 172870 0 0 0 827 0 11488 0 9439 0 194624 0 0 0 BETHANN COREY AVP ENROLLMENT 147902 0 0 0 294 0 11788 0 20129 0 180113 0 0 0 JACK OSBORN EXECUTIVE PROFESSOR 162004 0 0 0 909 0 12958 0 22521 0 198392 0 0 0 DENNIS CHRISTENSEN DIRECTOR REAL ESTATE (THRU 12/2014) 111933 0 0 0 53459 0 12683 0 5896 0 183971 0 0 0 MICHELLE ROGERS CHIEF OF STAFF AND LIAISON TO BOARD 157040 0 0 0 125 0 17541 0 16380 0 191086 0 0 0 RAYMOND WATTS AVP DEVELOPMENT 151881 0 0 0 313 0 11904 0 17617 0 181715 0 0 0 PART I, LINE 1A FOR FLIGHTS GREATER THAN 4 HOURS, THE PRESIDENT IS APPROVED TO TRAVEL IN BUSINESS CLASS OR FIRST CLASS IF BUSINESS CLASS IS NOT AVAILABLE ON THE FLIGHT. THESE EXPENSES ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE FRINGE BENEFITS. THE PRESIDENT'S SPOUSE IS EXPECTED TO ACCOMPANY THE PRESIDENT ON UNIVERSITY BUSINESS TRAVEL WHERE APPROPRIATE AND THE RELATED TRAVEL EXPENSES ARE NOT A TAXABLE FRINGE BENEFIT. NONTAXABLE COMPENSATION INCLUDES THE VALUE OF HOUSING IN A UNIVERSITY OWNED RESIDENCE. OCCUPANCY OF THE RESIDENCE IS REQUIRED UNDER THE PRESIDENT'S CONTRACT AND IS DERIVED FROM PROPERTY COSTS AND OTHER RELEVANT FACTORS. THE UNIVERSITY PAID COUNTRY CLUB DUES ON BEHALF OF RALPH KUNCL, PRESIDENT, CORY NOMURA, VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AND ANITA WEST, VICE PRESIDENT FOR ADVANCEMENT. THE PERSONAL USE PORTION OF THE VALUE OF THE COUNTRY CLUB DUES IS INCLUDED IN REPORTABLE (TAXABLE) COMPENSATION FOR THESE EMPLOYEES ON FORM 990. PART I, LINES 4A-B LINE 4A - STUART NOBLE-GOODMAN, FORMER DEAN URSB, RECEIVED SEVERANCE PAY OF $146,875. TERMS OF THE AGREEMENT ARE SUBJECT TO A CONFIDENTIALITY CLAUSE. DUE TO PUBLIC INSPECTION REQUIREMENTS OF THIS SCHEDULE, DETAILS HAVE NOT BEEN INCLUDED, BUT ARE AVAILABLE TO THE IRS UPON REQUEST. LINE 4B - RALPH KUNCL, PRESIDENT, AND CORY NOMURA, VP FINANCE AND ADMINISTRATION, PARTICIPATE IN A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). DEFERRED COMPENSATION IS VESTED AFTER 5 YEARS SO THE FY 2014-2015 DEFERRED COMPENSATION WILL BE VESTED AS OF JUNE 30, 2019. DEFERRED COMPENSATION IS SUBJECT TO CONTINUAL EMPLOYMENT THROUGH THE VESTING PERIOD EXCEPT FOR IN THE EVENT OF DEATH OR FULL PERMANENT DISABILITY. CONTRIBUTIONS TO THE 457(F) PLAN FOR KUNCL AND NOMURA IN THE CURRENT YEAR WERE $100,000 AND $10,000, RESPECTIVELY. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301755C2 2005-07-07 28430427 SEE PART V 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178NF9 2008-05-22 20434949 SEE PART V 0 0 0 C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301784X1 2015-01-07 36031337 SEE PART V 0 0 0 A 12360000 28430427 16822357 491477 11116593 2008 0 1 1 1 B 20434949 434949 20000000 2009 0 0 1 1 C 36031337 499548 35531789 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/06/2015 ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/22/2013 SCHEDULE K, PART I, COLUMN F DESCRIPTION OF PURPOSE BOND #1: A. CONSTRUCTION, ACQUISITION AND EQUIPPING OF COGENERATION FACILITY INCLUDING THE PURCHASE AND INSTALLATION OF ALL REQUIRED EQUIPMENT THEREIN. $3,600,000 PROJECT COST; B. ACQUISITION AND EQUIPMENT FOR REPLACEMENT OF CAMPUS TELEPHONE SYSTEM. $1,600,000 PROJECT COST; C. RENOVATION OF FOUNDERS HALL, A STUDENT RESIDENCE HALL/DORMITORY, AND PURCHASE AND INSTALLATION OF EQUIPMENT AND FURNISHINGS THEREIN. $3,000,000 PROJECT COST; D. RENOVATION OF CALIFORNIA HALL, A STUDENT RESIDENCE HALL/DORMITORY, AND PURCHASE AND INSTALLATION OF EQUIPMENT AND FURNISHINGS THEREIN. $2,900,000 PROJECT COST; E. RENOVATIONS OF CLASSROOMS, ART STUDIOS, FACULTY OFFICES, TECHNOLOGY LABORATORIES, AND OTHER ACADEMIC SPACES, AS WELL AS RECREATIONAL SPACES, INCLUDING DUKE HALL, HENTSCHKE HALL AND CURRIER GYMNASIUM. SPACES TO BE USED FOR TEACHING, RESEARCH AND OTHER ACADEMIC RELATED USES. ANY UNSPENT PORTION OF REMAINING BOND PROCEEDS. BOND #2: A. CONSTRUCTION OF NEW ART CENTER (FIRST PHASE), INCLUDING ART STUDIOS, GALLERY, CLASSROOMS/WORKSHOPS AND FACULTY OFFICES, AND THE EXPANSION OF THE EXISTING WALLICHS THEATRE, WITH THE ADDITION OF A NEW BLACK BOX THEATRE. PROJECT SQUARE FOOTAGE OF 42,000. TOTAL PROJECT COST OF APPROXIMATELY $23.9 MILLION WITH $9.0 MILLION BEING FINANCED; B. RENOVATION OF LOWER LEVEL OF THE EXISTING ARMACOST LIBRARY, INCLUDING ACADEMIC COMPUTER CENTER, INSTRUCTIONAL TECHNOLOGY SERVICES, LEARNING SPACES, COMPUTER LABS, COLLABORATIVE STUDENT STUDY AREAS, CAFE(COFFEESTORE) AND ADMINISTRATIVE OFFICES. PROJECT SQUARE FOOTAGE OF 21,000. TOTAL PROJECT COST OF APPROXIMATELY $10.4 MILLION WITH $8.7 MILLION FINANCED; C.INFRASTRUCTURE IMPROVEMENTS TO THE UNIVERSITY'S ENERGY CENTER (COGENERATION PLANT) WITH THE EXTENSION OF THE HOT/CHILLED WATER DISTRIBUTION SYSTEM. TOTAL PROJECT COST OF APPROXIMATELY $2.3 MILLION, ALL FINANCED. BOND #3: TO REFUND THE 2003 SERIES A AND 2003 SERIES B CEFA REVENUE BONDS AND PARTIALLY ADVANCE REFUND A PORTION OF THE 2005 SERIES A CEFA REVENUE BONDS. X 44 486595 FMV X PHOTOGRAPHY EQUIPMENT 1 777 FMV X TENNIS EQUIPMENT 1 510 FMV X ART SUPPLIES 1 100 FMV 0 0 1 0 PART I, COLUMN (B): THE QUANTITIES LISTED REPRESENT THE NUMBER OF INSTANCES THAT A CONTRIBUTION OF SUCH PROPERTY WAS RECEIVED. THE NUMBERS DO NOT NECESSARILY REFLECT THE NUMBER OF CONTRIBUTORS OR THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 1 THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT UNIVERSITY COMMITTED TO PROVIDING A PERSONALIZED EDUCATION THAT FREES STUDENTS TO MAKE ENLIGHTENED CHOICES. REDLANDS EMPHASIZES ACADEMIC RIGOR, CURRICULAR DIVERSITY, AND INNOVATIVE TEACHING. REDLANDS FOSTERS A COMMUNITY OF SCHOLARS AND ENCOURAGES A PLURALISTIC NOTION OF VALUES BY CHALLENGING ASSUMPTIONS AND STEREOTYPES IN BOTH CLASSES AND ACTIVITIES. A REDLANDS EDUCATION GOES BEYOND TRAINING TO EMBRACE A REFLECTIVE UNDERSTANDING OF OUR WORLD; IT PROCEEDS FROM INFORMATION TO INSIGHT, FROM KNOWLEDGE TO MEANING. WELCOMING INTELLECTUALLY CURIOUS STUDENTS OF DIVERSE RELIGIOUS, ETHNIC, NATIONAL, AND SOCIO-ECONOMIC BACKGROUNDS, THE UNIVERSITY SEEKS TO DEVELOP RESPONSIBLE CITIZENSHIP AS PART OF A COMPLETE EDUCATION. REDLANDS ENCOURAGES A COMMUNITY ATMOSPHERE WITH EXCEPTIONAL OPPORTUNITY FOR STUDENT LEADERSHIP AND INTERACTION. FOR WORKING ADULTS, THE UNIVERSITY OFFERS INNOVATIVE PROGRAMS AT CONVENIENT LOCATIONS AND TIMES. REDLANDS BLENDS LIBERAL ARTS AND PROFESSIONAL PROGRAMS, APPLIED AND THEORETICAL STUDY, TRADITIONAL MAJORS AND SELF-DESIGNED CONTRACTS FOR GRADUATION. SMALL CLASSES ENABLE EACH STUDENT TO PARTICIPATE IN CLASS DISCUSSION, TO WORK CLOSELY WITH PROFESSORS, AND TO RECEIVE EXTENSIVE INDIVIDUAL ATTENTION. REDLANDS REMAINS SENSITIVE TO CONTEMPORARY TRENDS IN SOCIETY AND CHALLENGES STUDENTS TO COMMIT THEMSELVES TO A LIFETIME OF LEARNING. FORM 990, PART VI, SECTION A, LINE 2 CHARLOTTE BURGESS, VICE PRESIDENT & DEAN STUDENT LIFE AND TRUSTEE LARRY BURGESS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY UNIVERSITY MANAGEMENT, LEGAL COUNSEL AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE FORM 990 RETURN. THE FINAL COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE IS ANNUALLY DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR ADMINISTRATIVE PERSONNEL TO DETERMINE RELATED PARTY/CONFLICT OF INTEREST DISCLOSURES. QUESTIONNAIRE RESPONSES ARE REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES TO DETERMINE IF ANY POTENTIAL CONFLICTS EXIST. FOR ANY IDENTIFIED CONFLICTS, THE BOARD EXPLICITLY REQUIRES THAT THE RELATED PARTY RECUSE AND REMOVE HIMSELF FROM VOTING ON THE APPROVAL OF THE OPERATING BUDGET (WHICH CONTAINS THE RELATED TRANSACTION) TO ENSURE NO CONFLICT OF INTEREST IS PERCEIVED. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS ESTABLISHED ANNUALLY BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE UNIVERSITY UTILIZED AN INDEPENDENT COMPENSATION FIRM TO COMPLETE AN EXECUTIVE COMPENSATION STUDY. COMPARATIVE SALARY AND BENEFIT INFORMATION WAS REVIEWED TO ESTABLISH THE APPROPRIATE LEVEL OF EXECUTIVE COMPENSATION. EXECUTIVE COMPENSATION WAS REVIEWED AND APPROVED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION DELIBERATION AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -274,217. NET ASSOCIATED STUDENT REVENUE/EXPENSES -178,459. BOOK/TAX DIFFERENCE FROM K-1 -98,035. PLEDGE WRITE OFF -30,000. REDLANDS PROPERTY MANAGEMENT INC PO BOX 3080 REDLANDS CA 92373 330423448 TITLE HOLDING CA 0 0 UNIVERSITY OF REDLANDS REDLANDS PROPERTY MANAGEMENT TRUST PO BOX 3080 REDLANDS CA 92373 336089947 TITLE HOLDING CA 0 0 UNIVERSITY OF REDLANDS REDLANDS CENTER FOR SCIENCE & ENVIRONMENTAL STUDIES 1200 EAST COLTON AVENUE REDLANDS CA 923730999 330628369 INACTIVE CA 501(C)(3) LINE 11A, I N/A 1 CHARITABLE REMAINDER UNITRUSTS (9) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 CHARITABLE REMAINDER ANNUITY TRUSTS (2) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 CHARITABLE REMAINDER TRUSTS (3) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 POOLED INCOME FUND (1) CHARITABLE GIFTS CA UNIVERSITY OF REDLANDS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0