2016-02-03T17:01:19-06:00 2015-06-30 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2014-07-01 951744369 Azusa Pacific University AZUS 6268156000 901 E Alosta Avenue Azusa CA 917027000 Robert Johansen Senior VP & CFO 6268156000 2016-02-03 1 David C Moja P00747006 7149619300 2014 2016-04-25 22:37:26Z Dr Jon R Wallace 901 E Alosta Avenue Azusa CA 917027000 365302552 0 X www.apu.edu X 1947 CA To advance the work of God in the world through academic excellence in higher education. 32 28 6110 1800 955846 -57155 7518585 9782617 279471781 274094029 5283299 4825249 9115074 8495139 301388739 297197034 66548472 67033572 0 0 149557137 149386789 26681 46128 3270309 83364319 78532071 299496609 294998560 1892130 2198474 365187421 358183746 179769657 197420673 185417764 160763073 APU is an evangelical Christian community of disciples and scholars who seek to advance the work of God through academic excellence in liberal arts and professional programs of higher education that encourage development of a Christian perspective of truth and life. 0 0 229689338 65166572 247246370 Tuition & Fees:Azusa Pacific University is an evangelical Christian university committed to God First and excellence in higher education. With 71 bachelor's degree, 47 master's degree, 18 certificates, 14 crendentials, 8 doctoral programs, and 3 associate's degrees, the university offers its more than 10,700 students a quality education on campus, online, and at six regional centers throughout Southern California. 16515419 32085482 Auxiliary Enterprises & Other Program Revenue: The University provides, in addition to quality instruction, student life programs, facilities for the students, and activities to further promote the educational experience of students at the University. 874393 1867000 781574 Outreach Ministries:Outreach Ministries help the University fulfill its mission of advancing the work of God in the world and encouraging students to develop a Christian perspective of truth and life. The Center for Student Action facilitates trips to other countries. 247079150 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 1 1 1 1 0 1 0 0 0 1 1 1 1 0 0 1 12155 0 1 6110 1 1 1 1 MX SF 0 0 0 1 1 0 0 0 0 X 32 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Robert Johansen 6268156000 901 East Alosta Avenue Azusa CA 91702 Peggy Campbell Chair 1.00 1.00 X X 0 0 0 Thomas Miller Vice Chair 1.00 X X 0 0 0 David Poole Secretary 1.00 X X 0 0 0 Dr Jon R Wallace President & Trustee 40.00 1.00 X X 316081 0 106572 Larry Acosta Trustee 1.00 X 0 0 0 Tom Alkazin Trustee 1.00 X 0 0 0 Ross Allen Trustee 1.00 X 0 0 0 Craig Cheek Trustee 1.00 X 0 0 0 Sally Colace part year Trustee 1.00 X 0 0 0 Evan Collins Trustee 1.00 X 0 0 0 Dave Dias Trustee 1.00 X 0 0 0 Robyn Dillon part year Trustee 1.00 X 0 0 0 Dan Fachner Trustee 1.00 X 0 0 0 Bill Hooper Trustee 1.00 X 0 0 0 Lynette Ilertson part year Trustee 1.00 X 0 0 0 David C Le Shana Phd Trustee 1.00 X 0 0 0 Michael D Lizarraga part year Trustee 1.00 1.00 X 0 0 0 Elizabeth Maring Trustee 1.00 X 0 0 0 Don Marshburn Trustee 1.00 X 0 0 0 Marc McBride Trustee 1.00 X 0 0 0 Cathy McIntyre part year Trustee 1.00 X 0 0 0 Lucie Moore part year Trustee 1.00 X 0 0 0 Jeannie Pascale Trustee 1.00 X 0 0 0 Steve Perry Trustee 1.00 X 0 0 0 Earl R Schamehorn Trustee 1.00 X 0 0 0 Sally Segerstrom Trustee 1.00 X 0 0 0 Ava Siwek Trustee 1.00 X 0 0 0 Tim Stripe Trustee 1.00 X 0 0 0 Paul Szeto Trustee 1.00 X 0 0 0 Albert Tate Trustee 1.00 X 0 0 0 Raleigh Washington Trustee 1.00 X 0 0 0 Dr Nick Yphantides Trustee 1.00 X 0 0 0 Dr David Bixby Exec VP Advancement 40.00 X 298626 0 53778 John C Reynolds Exec VP Administration 1.00 40.00 X 267481 0 39795 Mark S Dickerson Sr VP and General Counsel 40.00 1.00 X 208581 0 16912 Robert L Johansen SVP & CFO 40.00 1.00 X 174226 0 58827 Terry A Franson Sr VP Student Life 40.00 X 185733 0 34190 Dr Mark Stanton Provost 40.00 1.00 X 171036 0 116646 Donald Davis Vice President/CIO 36.00 4.00 X 137361 0 28088 David DuFault-Hunter VP Enrollment Mgmt 40.00 X 136683 0 15418 Corbin Hoombeek part year VP Advancement 40.00 X 121773 0 26348 David Peck VP University Relations 40.00 X 126953 0 40635 Dr Kimberly Battle-Walters Denu PY VP, Chief Diversity Officer 40.00 X 110386 0 28618 Dr Anne Tsai VP for Alumni, Vocation & Innovation 40.00 X 103030 0 8875 Heather Petridis VP Graduate & Professional Enrollment 40.00 X 126707 0 31286 Dr Aja Lesh Dean- School Of Nursing 40.00 X 174872 0 28228 Dr David Weeks Dean- Honors College 40.00 X 165036 0 61001 Dr Anita Fitzgerald Henck Dean - School of Education 40.00 X 167213 0 23420 Dr Robert K Welsh Dean of BAS 40.00 X 165442 0 25513 Dr Paul Gray Dean of Libraries 40.00 X 170295 0 30921 Dr Diane Guido Vice Provost - Grad 40.00 X 141954 0 41878 Dr Todd Emerson Medical Director 40.00 X 148274 0 33140 Dr John M Thornton Chair - School of Accounti 40.00 X 172781 0 54589 Dr Michaek M Whyte Professor, Provost Emeritus 40.00 X 181565 0 27407 Dr Fred Garlett Professor 40.00 X 153927 0 21551 4126016 0 953636 27 0 1 0 Experts In Marketing Inc 1223 Wilshire Suite 265 Santa Monica CA 90403 Advertising & Media 1848957 Doug Giles General Contractor PO Box 78956 Corona CA 92877 General Contractor 1412704 Sun Country Campus Development 12221 Poplar Street Suite 21 Hesperia CA 92344 Property Leasing Agent 1038329 Realty Associates Fund VII LP C/O Sentre Partners INC PO Box 113 Newark NJ 07101 Property Leasing Agent 961042 Plattform Advertising Inc 3425 Momentum Pl Chicago IL 606895334 Advertising & Media 926026 98 939686 335481 8507450 1555648 9782617 Tuition & fees 611600 247246370 247246370 Auxiliary revenue 611600 18495357 17711858 783499 Other prog svc inc 611600 7570728 7570728 Outreach ministries 611600 781574 781574 274094029 3100055 3100055 2206238 598200 1608038 1608038 1608038 59748857 1536448 58189907 1370204 1558950 166244 1725194 1725194 23651 939686 111793 -88142 -88142 14638310 7835414 6802896 6802896 Evoke 812900 173760 173760 Partnership losses 525990 -1413 -1413 172347 297197034 280113426 955846 6345145 65166572 65166572 1867000 1867000 4953240 1435190 2800820 717230 597418 311610 285808 111546947 99969252 10081397 1496298 6043227 5327431 614229 101567 18501538 15583675 2664733 253130 7744419 6815660 776220 152539 474048 34845 439203 108835 108835 46128 46128 209010 209010 3055428 2287441 727788 40199 7226116 477724 6626983 121409 7500892 5784363 1594218 122311 3860439 1552538 2234259 73642 11989008 6475270 5513009 729 5656730 5105923 428623 122184 319158 310712 4984 3462 8401676 8361156 40520 12621045 11690800 930245 4267637 642 4266995 All Other Expenses 6651043 2936608 3694954 19481 O/C Room and Board 3002347 2988615 13732 Electronic Resources 959802 959802 O/C Tuition 927223 927223 1301634 709098 592536 294998560 247079150 44649101 3270309 2151784 2889085 26613746 27165392 835000 322244 12210111 13610614 251000 261000 408773 408773 1664868 1799131 2342315 1899160 347989578 127801558 224424565 220188020 35782641 35861864 41667104 40304558 7397012 8612354 9438502 4861551 365187421 358183746 13834486 15515387 4072503 4072503 6095323 5280707 128755000 137698501 4892738 4839706 22119607 30013869 179769657 197420673 X 128769269 110594221 26155453 19269322 30493042 30899530 185417764 160763073 365187421 358183746 X 2198474 -2536116 -6957878 -17359171 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2580025 X X X 0 58943568 2538124 1519062 2271947 60728807 52657083 2453824 6281527 2448866 58943568 50788068 361953 4076249 2568187 1000 52657083 52143556 877038 26737 2226318 32945 50788068 39228550 8005043 6959286 2049323 52143556 0.45000 0.48000 0.07000 0 0 55875289 55875289 219949438 83326709 136622729 10735524 2924850 7810674 45644764 34131881 11512883 15784563 7418118 8366445 220188020 Limited partnerships 470903 F Real estate 39716319 F Other investments 117336 F 40304558 Annuities Payable 1288290 Trust Liab. Due to Others 7363564 Other Liabilities 1851229 Asset Retirement Obligation 1122364 Accrued Loss on Interest Rate Swap 18388422 30013869 X 250554253 -2536116 -52652072 -55188188 305742441 -8545408 -8545408 297197033 249532449 19700462 19700462 229831987 65166572 65166572 294998559 Part III, Line 4: The University acquired five original Dead Sea Scroll fragments and a collection of rare Biblical antiquities which expands the existing Special Collections of presidential signatures, rare clocks, rare manuscripts and books held for public exhibition, scholarly research, preservation for future generations, and educational learning purposes. Part V, Line 4: Primarily scholarships. Part X, Line 2: The 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. 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 Financial Aid Netted with Revenue on Financial Stmt -65,166,572. Subsidiary activity included in combined financial statements 12,514,500. Part XI, Line 4b - Other Adjustments: Rent Expense Included in 990 Part VIII -598,201. Cost of Goods Sold Included in 990 Part VIII -7,835,414. Fundraising Expense Included in 990 Part VIII -111,793. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold Included in 990 Part VIII 7,835,414. Rent Expense Included in 990 Part VIII 598,201. Fundraising Expense Included in 990 Part VIII 111,793. Subsidiary activity included in combined financial statements 11,155,054. Part XII, Line 4b - Other Adjustments: Student Financial Aid Netted with Revenue on Financial Stmt 65,166,572. 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 Undergraduate and Graduate Catalogues state that "Azusa Pacific University, in accordance with applicable federal and state laws and university policies, does not discriminate on the basis of race, color, national origin, sex, age, disability, medical status, or status as a veteran. The university also prohibits sexual harassment. This nondiscrimination policy covers admission, access, operation of university programs and activities, and employment. This policy is in accordance with Titles VI and VII of the Civil Rights Act of 1964, as amended; Title IX of the Educational Amendments of 1972; the Americans with Disabilities Act; and Section 504 of the Rehabilitation Act of 1973". Schedule E, Part I, Line 6 The University receives Student Financial Aid awards from the U.S. Department of Education and the California Student Aid Commission. Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 1 0 Grants to Organization located in Region 1867000 1 0 0 0 1 0 1867000 0 1867000 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, Foreign studies 1867000 Wire Transfer 1 0 0 0 0 0 0 Part I, line 3: Foreign expenditures are tracked in accordance with the accrual basis of accounting using expense reports, receipts, and other appropriate documentation. X X X X X X X 1 Langley Innovations LLC 10958 Bloomingdale Drive Rockville MD 20852 Consulting 0 0 15961 -15961 Crescendo Interactive Inc 110 Camino Ruiz Camarillo CA 93012 Consulting 0 0 5668 -5668 Bread Capital LLC 297 E 2nd St El Paso IL 61738 Consulting 0 0 9499 -9499 Randy Huston 4345 W Chama Dr Glendale AZ 85310 Consulting 0 0 15000 -15000 46128 -46128 AR CO DC NV WA Dinner Rally 910081 900101 9980 37784 26507 2612 32166 APUSA Scholarship Lunch 53256 39585 13671 240 4670 5442 2372 963337 939686 23651 38024 31177 8054 34538 111793 -88142 1 Scholarships 6101 65166572 Part I, Line 2: The Student Financial Services Department maintains records to substantiate eligibility and election criteria for students receiving awards and scholarships. Departments maintain records of selection criteria and eligibility for recipients of stipend and other awards. All payments are uploaded to their respective categories. The business office reconciles accounts and prepares departmental and grantor reports. X X X X X 1 1 X X X X 0 0 0 1 1 0 0 0 0 Dr Jon R Wallace President & Trustee 311581 0 0 0 4500 0 47926 0 59571 0 423578 0 0 0 Dr David Bixby Exec VP Advancement 215480 0 70702 0 12444 0 35273 0 19145 0 353044 0 0 0 John C Reynolds Exec VP Administration 222126 0 39355 0 6000 0 17770 0 22685 0 307936 0 0 0 Mark S Dickerson Sr VP and General Counsel 197388 0 0 0 11193 0 15791 0 1707 0 226079 0 0 0 Robert L Johansen SVP & CFO 174226 0 0 0 0 0 14587 0 44757 0 233570 0 0 0 Terry A Franson Sr VP Student Life 180733 0 0 0 5000 0 15044 0 19682 0 220459 0 0 0 Dr Mark Stanton Provost 171036 0 0 0 0 0 46000 0 71389 0 288425 0 0 0 Donald Davis Vice President/CIO 137209 0 0 0 152 0 11362 0 17134 0 165857 0 0 0 David DuFault-Hunter VP Enrollment Mgmt 136683 0 0 0 0 0 0 0 15824 0 152507 0 0 0 David Peck VP University Relations 126203 0 0 0 750 0 10946 0 30063 0 167962 0 0 0 Heather Petridis VP Graduate & Professional Enrollmen 126707 0 0 0 0 0 10600 0 21061 0 158368 0 0 0 Dr Aja Lesh Dean- School Of Nursing 157380 0 0 0 17492 0 13042 0 15654 0 203568 0 0 0 Dr David Weeks Dean- Honors College 163736 0 0 0 1300 0 13794 0 47622 0 226452 0 0 0 Dr Anita Fitzgerald Henck Dean - School of Education 162908 0 0 0 4305 0 13324 0 10579 0 191116 0 0 0 Dr Robert K Welsh Dean of BAS 156258 0 0 0 9184 0 12827 0 13151 0 191420 0 0 0 Dr Paul Gray Dean of Libraries 163255 0 0 0 7040 0 13476 0 17930 0 201701 0 0 0 Dr Diane Guido Vice Provost - Grad 141954 0 0 0 0 0 12189 0 30111 0 184254 0 0 0 Dr Todd Emerson Medical Director 133063 0 0 0 15211 0 12420 0 21132 0 181826 0 0 0 Dr John M Thornton Chair - School of Accounti 169360 0 0 0 3421 0 13897 0 41194 0 227872 0 0 0 Dr Michaek M Whyte Professor, Provost Emeritus 180564 0 0 0 1001 0 14721 0 13219 0 209505 0 0 0 Dr Fred Garlett Professor 139542 0 0 0 14385 0 11455 0 10511 0 175893 0 0 0 Part I, Line 1a Personal Services: The President lives in housing provided by Azusa Pacific University. The housing is provided to the President for the convenience of the school and as a condition of employment on the business premises. The fair rental value of this housing is shown as a nontaxable benefit on Schedule J Part II. The University maintains the residence since it is campus property. A housing allowance is also provided to officers who are ordained ministers. First Class Travel: The governing board has specifically authorized this and recognizes it as necessary and for bonafide business purpose. Spousal travel approved for major donor events/ visits which are bonafide business travel authorized by board chair for the president, and by president for other highly compensated employees. Part I, Line 5 Employment contract for the Executive Vice President includes a bonus partially based on meeting contribution revenue goals. A California Municipal Finance Authority 201563466 13048TTT0 2015-04-09 64975000 Refund 4/5/11 Bond 0 0 0 B California Municipal Finance Authority 201563466 13048TTS2 2015-04-09 77659749 Refund 4/5/11 Bond 0 0 0 A 64975000 225000 64750000 2008 1 0 1 1 B 10909749 77659749 717631 71942118 2008 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Wells Fargo Bank NA 28.000000000000 1 0 0 0 1 B 0 0 1 0 0 0 Wells Fargo Bank NA 28.000000000000 1 0 0 0 1 A 1 B 1 David Bixby Assoc. Inv agreement per employee contract agreement X 250000 160000 0 1 1 David Dufault-Hunter Assoc. Inv agreement per employee contract agreement X 101000 101000 0 1 1 261000 121414 Tuition D Craig Wallace Family of President 137157 Employment 0 Dustin Scott Reynolds Family of EVP ADM 38860 Employment 0 Jonathan Krimmel Family of SVP/CFO 69910 Employment 0 Matt Wallace Family of President 87660 Employment 0 Erin Thorp Family of Provost 43588 Employment 0 Teresa Reynolds Family of EVP Adm 38860 Employment 0 Jason LeShana Family of Trustee 66853 Employment 0 Ryan Somers Family of Trustee 24300 Employment 0 Briana Pack Family of Dean-Nursing 52050 Employment 0 Byron Reynolds Family of EVP ADM 24531 Employment 0 X 1 12000 Appraisal X 6 534497 Fair market value X 3 1009151 Fair market value 0 1 0 Part I, Column (b): Number of items received. Form 990, Part VI, Section A, line 1 The governing body has delegated broad authority to the Executive Committee. The Executive Committee is composed of Peggy Campbell, Tom Miller, Dan Fachner, Bill Hooper, David Le Shana, Elizabeth Maring, Don Marshburn, David Poole, Tim Stripe, and Jon Wallace. The scope of the Executive Committee's authority may be found in the bylaws of APU. The bylaws state that, "The Executive Committee, to the extent provided in the Bylaws, shall have all the authority of the Board, except (a) The approval of any action for which the California Nonprofit Corporation Law also requires approval of the members or approval of a majority of all members; (b) The filling of vacancies on the Board or in any committee which has the authority of the Board; (c) The amendment or repeal of Bylaws or the adoption of the new Bylaws; (d) The amendment or repeal of any resolution of the Board, which by its express terms is not so amendable or repealable; (e) The appointment of Committees of the Board or the members thereof." All members of the Executive Committee are also members of the Board of Trustees. Form 990, Part VI, Section A, line 2 President Jon Wallace and Executive Vice President David Bixby, family relationship. 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 is then forwarded to the board of directors for review prior to filing. Form 990, Part VI, Section B, line 12c Annually, the Office of the General Counsel has all trustees, officers, and other key employees complete a conflict of interest questionnaire and the General Counsel addresses any disclosed conflicts of interest pursuant to the processes set forth in the University's Policy on Conflicts of Interest. All potential conflicts of interest by administrators, officers or trustees of the institution are brought to the attention of the Chairman of the Board of Trustees and General Counsel for resolution. Form 990, Part VI, Section B, line 15 Any changes to the compensation of the University's CEO and executive officers is approved by the Board of Trustees based on market survey data. Periodically, the University retains the services of an independent compensation consultant to review the compensation of the CEO and executive officers and to report to the Board of Trustees. The compensation of other key employees is reviewed and approved by the executive officer or administrator to whom they report. The process and decisions are recorded for all compensated officers, trustees, and key employees. Form 990, Part VI, Section C, line 19 Available upon request Form 990, Part XI, line 9: Accretion for Asset Retirement Obligation -43,476. Change in Value of Beneficial Trust 636,490. Change in Value of Split Interest Agreements 9,620. Loss on extinguishment of Debt -16,617,203. Unrealized Loss on Interest Rate Swap -1,344,602. Form 990, Part XII, Line 2c: The organization 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. Azusa Pacific Holdings LLC 2575 E Camelback Road Phoenix AZ 85016 Real estate AZ N/A Los Angeles Pacific University 901 E Alosta Avenue Azusa CA 91702 364682140 Online higher education CA 501(c)(3) Line 2 Azusa Pacific University 1 Christian Leadership Alliance 635 Camino De Los Mares San Clemente CA 92673 953451239 Empower christian leaders CA 501(c)(3) Line 9 Azusa Pacific University 1 API Education Foundation 366 Ridge Road Overport Durban SF Study abroad program SF 0 Azusa Ensenada S De RL De CV C/O Jose Luis Perez Rocha Avenida Tijuana Tijuana MX 22320 Real estate MX 1 Azusa Pacific Mexicali C/O Jose Luis Perez Rocha Avenida Tijuana Tijuana MX 22320 Real estate MX 0 Amigos de Ejido AC C/O Jose Luis Perez Rocha Avenida Tijuana Tijuana MX 22320 Real estate MX 0 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 1 1 1 1 Los Angeles Pacific University R 200000 Cash Transfer Los Angeles Pacific University H 83878 Purchase of Asset Los Angeles Pacific University J 123060 Lease Agreement Los Angeles Pacific University L 4890637 Tuition Los Angeles Pacific University O 130100 Percent of Salary & Benefits Los Angeles Pacific University Q 842886 Intercompany General Ledger Los Angeles Pacific University P 72128 Tuition Reimbursement Los Angeles Pacific University S 3000000 Set Fee Los Angeles Pacific University R 12350315 Transfer Cash Los Angeles Pacific University L 112000 General Ledger API Education Foundation B 1867000 Transfer Cash Christian Leadership Alliance L 5500 General Ledger Schedule R, Part IV: For transparency reasons we have listed the non-governmental organizations structured as organizations in Mexico. The figures have not been listed as the amounts have been consolidated as part of the 990.