2016-01-25T14:44:38-06:00 2015-06-30 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2014-07-01 941279803 William Jessup University WILL 9165772200 2121 University Avenue Rocklin CA 95765 David Punt CFO 9165772200 2016-01-20 1 David C Moja P00747006 7149619300 2014 2016-04-25 22:37:26Z X John Jackson 2121 University Avenue Rocklin CA 95765 37883498 0 X www.jessup.edu X 1939 CA To prepare Christians for leadership and service in church and society. 15 14 631 60 0 0 5250497 5900499 28365849 31595656 112683 155346 -59226 -94511 33669803 37556990 7780018 9428570 0 0 11569712 13375877 0 0 2220793 13972226 14484866 33321956 37289313 347847 267677 87672965 91980551 65959173 70256947 21713792 21723604 X In partnership with the Church, the purpose of William Jessup University is to equip transformational leaders for the glory of God. Education at William Jessup University is Christ-centered, Biblical, Liberal Arts, Applied, and Missional. 0 0 32551532 9428570 31595656 William Jessup University enrolls more than 1300 students. It offers Bachelor of Arts, Bachelor of Science, and Master of Arts degree programs. Majors include a BS in Business Administration, Psychology, Criminal Justice, Christian Leadership or Organizational Leadership, a BA or BS in Psychology, English, History, Music, Creative Arts, Liberal Studies & Credentialing, Public Policy, Bible & Theology, Business Administration, Christian Leadership, Intercultural Studies, Pastoral Ministry, Youth Ministry, Family & Children's Ministry, Biology, Kinesiology, Environmental Science, Math, Computer Science. In addition, the University offers a Master of Arts in Teaching, an MBA, and has both a Masters in Education and a Masters in Leadership pending final authorizations.The MAT program is California Commission on Teacher Credentialing (CCTC) approved and is designed to help meet the subject matter competence. William Jessup University also has a certificate program in Addiction Studies. The University Learning Commons provides entry level and continuing educational support services for special needs and at-risk students through a team of academic specialists, advisors, and tutors. William Jessup University provides a holistic educational experience for its residential and commuter students. It seeks to develop well rounded individuals, and encourages students to take advantage of residence hall living. 32551532 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 114 0 1 631 1 0 0 0 0 0 1 1 0 0 0 0 X 15 14 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X Diane Kim 9165772200 2121 University Avenue Rocklin CA 95765 Mike West Chairman 1.00 X X 0 0 0 Pat Gelsinger Vice Chairman (Part Year) 1.00 X X 0 0 0 Roger Edrington Secretary 1.00 X X 0 0 0 Pete Bernardoni Treasurer 1.00 X X 0 0 0 John Jackson President 40.00 X X 132459 0 108433 Jon Blackstad Trustee 1.00 X 0 0 0 Bill Coyne Trustee (Part Year) 1.00 X 0 0 0 Clifford Daugherty Trustee 1.00 X 0 0 0 Dan Derepentigny Trustee 1.00 X 0 0 0 Jim DeRose Trustee (Part Year) 1.00 X 0 0 0 Bonnie Gore Trustee 1.00 X 0 0 0 Valerie Hanson Trustee 1.00 X 0 0 0 Don Hinkle Trustee (Part Year) 1.00 X 0 0 0 Greg Jamison Trustee 1.00 X 0 0 0 Laurie Kubicek Trustee 1.00 X 0 0 0 Parnell M Lovelace Jr Trustee 1.00 X 0 0 0 Wayne Nader Trustee (Part Year) 1.00 X 0 0 0 Brett Neal Trustee 1.00 X 0 0 0 Mike Novak Trustee 1.00 X 0 0 0 Holly Tiche Trustee 1.00 X 0 0 0 David Punt Chief Financial Officer 40.00 X 0 0 0 Rhonda Capron Chief Strategic Officer (Part Year) 40.00 X 73766 0 2951 Eric Hogue Chief Development Officer 40.00 X 95932 0 103770 Dennis Jameson Provost/Chief Academic Off 40.00 X 72304 0 100507 Mitch Pleis Chief Property Development Officer 40.00 X 94755 0 12780 Judy Rentz Chief Information Officer 40.00 X 103287 0 75330 572503 0 403771 2 0 1 0 Bon Appetit 1000 West Temple Street Los Angeles CA 900740196 Food Service 1474658 Staybridge Suites Rocklin 6664 Lonetree Blvd Rocklin CA 95765 Student Housing 430625 Reeve-Knight Construction 128 Ascot Drive Roseville CA 95661 Construction 348691 Ruffalo Cody PO Box 3018 Cedar Rapids IA 524063018 Campaign, Bulk Mailings 289697 Pride Industries PO Box 39000 Dept 34140 San Francisco CA 94139 Janitorial Services 272565 8 201551 5698948 3010188 5900499 Tuition & fees 611710 26802835 26802835 Auxiliary services 611710 4467185 4467185 Other program revenue 611710 325636 325636 31595656 158641 158641 137191 140486 -3295 -3295 -3295 91511 201551 186022 -94511 -94511 37556990 31595656 0 60835 9428570 9428570 1088782 898889 124902 64991 196830 165217 18072 13541 9234691 7751518 847883 635290 152603 125183 17260 10160 2037819 1395571 269596 372652 665152 553678 80800 30674 -21079 -21079 1015804 934278 81526 7679 7679 1554472 856962 165668 531842 718685 458869 259816 1063253 527314 431947 103992 171898 160344 9158 2396 1803300 1635056 148223 20021 689864 615285 18169 56410 73706 49461 12363 11882 2537501 2495824 10735 30942 2018071 1984925 8538 24608 412458 266715 145743 Student activities 833689 831773 887 1029 Academic materials 515759 515759 Event expenses 389559 393724 349 -4514 Mission trips 317690 317690 382557 188927 138569 55061 37289313 32551532 2516988 2220793 1786 1671 1847550 2466554 441783 203863 110000 115763 302811 400978 91304015 8635128 78675881 82668887 1573951 1642730 110156 4319718 4198410 289329 281695 87672965 91980551 1459909 3958764 810681 726342 63538583 65571841 150000 0 65959173 70256947 X 18520642 17929324 1494768 2071103 1698382 1723177 21713792 21723604 87672965 91980551 267677 -257865 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1674901 30709 -1202 -70605 1775013 1455436 112534 171104 64173 1674901 3337817 185752 102517 59406 2111244 1455436 2968467 484272 -59782 55140 3337817 1731971 1157668 131468 52640 2968467 0.02060 0.97940 0 0 22742413 22742413 53913088 3193072 50720016 1285705 102227 1183478 8473397 5318231 3155166 4889412 21598 4867814 82668887 X 28048898 -257865 -9428570 -9686435 37735333 7679 -186022 -178343 37556990 28039086 186022 186022 27853064 7679 9428570 9436249 37289313 Part V, Line 4: Student Scholarships. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the 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 statements of activities. As of June 30, 2015 and 2014, The University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The University files information tax returns in the U.S. and various states. The University is subject to income tax examinations for the current year and certain prior years based on the applicable laws and regulations. Part XI, Line 2d - Other Adjustments: Student aid netted with revenue per financial statements -9,428,570. Part XI, Line 4b - Other Adjustments: Fundraising expenses -186,022. Part XII, Line 2d - Other Adjustments: Fundraising expenses 186,022. Part XII, Line 4b - Other Adjustments: Student aid netted with revenue per financial statements 9,428,570. 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 Catalogue and Application state that "William Jessup University admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the University. It does not discriminate on the basis of race, color, national and ethnic origin, age, gender, or physical handicap in the administration of its educational policies, employment practices, admissions requirements, or scholarship and loan programs." Schedule E, Part I, Line 6 Federal financial aid funds are received from the U.S. Department of Education under the authority of Title IV of the higher education act. The student financial assistance programs offered by the institution are the College Work Study program (FWS), Supplemental Educational Opportunity Grant program (SEOG), Pell Grant program (PELL), and the Federal Direct Student Loan program. These programs are administered by the institution in accordance with guidelines established by the U.S. Department of Education. Europe 0 0 Program Services Mission trips 33600 Europe 0 0 Travel Travel to and from the region 36620 Sub-Saharan Africa 0 0 Program Services Mission trips 8870 Sub-Saharan Africa 0 0 Travel Travel to and from the region 6894 Central America and the Caribbean 0 0 Program Services Mission Trips 31240 Central America and the Caribbean 0 0 Travel Travel to and from the region 17664 East Asia 0 0 Program Services Mission trips 10825 East Asia 0 0 Travel Travel to and from the region 10048 South Asia 0 0 Program Services Mission Trips 29896 South Asia 0 0 Travel Travel to and from the region 23450 Russia and the newly independent states 0 0 Program Services Mission Trips 5648 Russia and the newly independent states 0 0 Travel Travel to and from the region 3025 0 0 0 0 0 0 155761 62019 217780 0 0 0 0 0 0 Warrior Golf Classic 50850 37517 13333 542 4312 6775 14363 University Fund Dinner 148308 110807 37501 278 20613 10056 1865 64953 3 93904 53227 40677 1106 1228 23633 36298 293062 201551 91511 1926 26153 40464 1865 115614 186022 -94511 1 Scholarships 1122 9428570 Part I, Line 2: The financial aid office at William Jessup University requires students to complete the Free Application for Federal Student Aid (FAFSA) form to determine eligibility for Federal, State and institutional grants, scholarships, and loans. This is an equitable formula that measures all assets consistently. Enrollment and eligibility are monitored by the University. X 1 0 X X 0 0 0 0 0 0 0 0 0 John Jackson President 132459 0 0 0 0 0 20688 0 88051 0 241198 0 0 0 Eric Hogue Chief Development Officer 84087 0 0 0 11845 0 0 0 103992 0 199924 0 0 0 Dennis Jameson Provost/Chief Academic Off 72304 0 0 0 0 0 29324 0 71420 0 173048 0 0 0 Judy Rentz Chief Information Officer 103287 0 0 0 0 0 0 0 75491 0 178778 0 0 0 Part I, Line 1a Because the University is a 501(c)(3) organization under IRS statute, and because the President and other staff members are ordained ministers, the President and other ordained ministers are allowed to designate a portion of their compensation as housing allowance. Such designations are approved in advance and recorded in the Board minutes as required by IRS regulations. The people whom received the housing allowance and the amounts received are below: J. Jackson - $60,000 E. Hogue - $60,000 D. Jameson - $60,000 Part I, Line 3 The Board of Trustees determines the salary for the President of the University. The reasonableness of compensation is determined annually using a compensation study. The board approved compensation is documented in the board minutes upon approval. John Jackson HomeLoan X 100000 115763 0 1 1 115763 125255 Tuition Remission Derek Martin Son-in-law of John Jackson, President 66455 Compensation 0 Dan Albrecht Brother-in-law of Dennis Jameson 82559 Compensation 0 Jennifer Martin Daughter of John Jackson, President 37259 Compensation 0 Jonathan Rentz Son of Judy Rentz, Chief Information Office 10557 Compensation 0 X 7650 FMV X 9 2949054 Proceeds from sale X Ceramic Equipment and Supplies 2 33532 FMV X Miscellaneous 6 9324 FMV X Piano 1 3628 FMV X Video Equipment 1 3000 FMV X CDs 1 2500 FMV X Fume Hoods 1 1500 FMV 0 1 1 Part I, Column (b): Number of contributions received. Part I, Line 32b: The University uses Charles Schwab to sell the donated securities. Form 990, Part VI, Section A, line 3 Consultitron, Inc. was paid consulting fees for Jeff Cherniss who served as the Interim CFO from November 2013 through December 2014. The total paid for calendar year ending 2014 was $188,968. Form 990, Part VI, Section B, line 11 Form 990 is prepared by an independent CPA firm and reviewed by the organization's top management. The reviewed Form 990, with Schedule B redacted, is then forwarded to the board prior to filing. Form 990, Part VI, Section B, line 12c The board expects of itself and its members ethical and businesslike conduct. Board members must represent unconflicted loyalty to the interests of the entire organization, superseding any conflicting loyalty such as that to advocacy or interest groups and membership on other boards or staffs. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. To ensure the university operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted. Form 990, Part VI, Section B, line 15 The executive relations committee is tasked with the annual performance review and compensation recommendations for the University President. The Board of Trustees shall fix the salary of the President and may fix the salaries of other employees of the Corporation including the other officers. If the Board does not fix the salaries of the other officers, the President shall fix such salaries. The reasonableness of compensation is determined annually using a compensation study for all positions within the University. The board approved compensation is documented in the board minutes upon approval. Form 990, Part VI, Section C, line 18 The Organization's Form 990 is available for public inspection upon request or through guidestar.org. Form 1023 was filed prior to July 15, 1987, therefore it is not required to be made available to the public. 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 XII, Line 2c: The University has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This has not changed since the prior year.