2015-04-02T14:30:26-07:00 2014-06-30 990 2013-07-01 930386839 GEORGE FOX UNIVERSITY GEOR 5035388383 414 N MERIDIAN x6029 NEWBERG OR 97132 Theodore E Allen EVP & Chief Operating Officer 5035542161 2015-04-02 2013 2016-02-25 16:41:14Z Theodore E Allen 414 N Meridian Newberg OR 97132 108775489 0 X www.georgefox.edu X 1891 OR To prepare students spiritually, academically, and professionally to think with clarity, act with integrity, and serve with passion through both undergraduate and graduate educational programs of study for approximately 3,500 students. 33 32 2292 151 0 0 4287461 4410675 83086315 93353613 465623 1951456 383278 -693512 88222677 99022232 23868718 27039346 0 0 39762112 42130043 0 0 847508 20555173 20611078 84186003 89780467 4036674 9241765 107074247 123822699 38397335 44812440 68676912 79010259 George Fox University, a Christ centered community, prepares students spiritually, academically, and professionally to think with clarity, act with integrity, and serve with passion through both undergraduate and graduate educational programs of study for approximately 3,500 students. 0 0 46032869 26947914 63354514 Quality undergraduate education in the humanities, sciences, and professional studies with more than 40 majors 11688504 91432 18692249 Quality Graduate education programs in the areas of psychology, counseling, physical therapy, education, business & seminary, including 5 seminary degrees, 12 masters & doctoral degrees, and Adult Degree Completion education programs. 4871112 0 0 Athletic programs for Men & Women developing leadership & team-building skills including Baseball, Softball, Volleyball, Basketball, Track, Cross country, Soccer, Golf & Tennis (NCAA Division 3) and Student Life expenditures 14914785 0 -690280 Admissions, Housing, Food Service and M&G 14914785 0 -690280 77507270 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 68 0 1 2292 1 0 0 0 0 1 1 1 1 1 1 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA OR WA X Theodore E Allen 5035542161 414 N Meridian x6029 Newberg OR 97132 Gordon L Crisman Trustee Chair 5 0 X X 0 0 0 Deborah A Martin Trustee Vice Chair 5 0 X X 0 0 0 David Woolsey Trustee Secretary 5 0 X X 0 0 0 David Andersen Trustee 5 0 X 0 0 0 Patricia Anderson Trustee 5 0 X 0 0 0 Ken Beebe Trustee 5 0 X 0 0 0 Carrie Lamm Bishop Trustee 5 0 X 0 0 0 Don G Carter Trustee 5 0 X 0 0 0 Raymond Cheung Trustee 5 0 X 0 0 0 Mike Delk Trustee 5 0 X 0 0 0 Frank Engle Jr Trustee 5 0 X 0 0 0 Angela Fogg Trustee 5 0 X 0 0 0 Keith G Galitz Trustee 5 0 X 0 0 0 Scott Gratsinger Trustee 5 0 X 0 0 0 David Green Trustee 5 0 X 0 0 0 Dale W Hadley Trustee 5 0 X 0 0 0 Eric Hagen Trustee 5 0 X 0 0 0 Estle Harlan Trustee 5 0 X 0 0 0 Paula Kinney Trustee 5 0 X 0 0 0 Jim Le Shana Trustee 5 0 X 0 0 0 Heather Lewis Trustee 5 0 X 0 0 0 Stanley D Morse Trustee 5 0 X 0 0 0 Barbara D Palmer Trustee 5 0 X 0 0 0 Brent Peterson Trustee 5 0 X 0 0 0 Victor A Peterson Trustee 5 0 X 0 0 0 Adam Puckett Trustee 5 0 X 0 0 0 Ken Redford Trustee 5 0 X 0 0 0 Gloria Schwindt Trustee 5 0 X 0 0 0 Truman Stone Trustee 5 0 X 0 0 0 Stephen M Tatone Trustee 5 0 X 0 0 0 Kent L Thornburg Trustee 5 0 X 0 0 0 William B Wilson Trustee 5 0 X 0 0 0 Scott Winter Trustee 5 0 X 0 0 0 Robin Baker President 50 0 X 340852 0 123044 Theodore Allen EVP & Chief Operating Officer 50 0 X 175888 0 41546 Rob Westervelt EVP for Marketing & Enrollment 50 0 X 134012 0 22095 Linda Samek Provost 50 0 X 127219 0 13765 Brian Gardner V.P. for Advancement 50 0 X 134624 0 24697 Brad Lau VP for Student Life 50 0 X 100951 0 20255 Lynn Andrews V.P. for Advancement 50 0 X 13903 0 1391 Robert Harder Professor Mechanical Engineering 40 0 X 130942 0 68248 Patrick Allen Professor - EDFL 40 0 X 127730 0 27457 Mary Peterson Assoc Prof Grad Psychology 40 0 X 120203 0 10701 Dirk Barram Dean School of Business 40 0 X 110565 0 21256 1516889 0 374455 10 0 1 0 BON APPETIT 1000 West Temple St Los Angeles CA 900740196 Food Service Contractor 2901828 COLUMBIA ROOF & SHEET METAL INC 18525 SW 126TH Pl Tualatin OR 970626074 Roofing Service 282841 GOOGLE INC PO Box 39000 San Francisco CA 94139 Advertising 213192 3 0 0 20392 0 483312 3906971 637183 4410675 Student Tuition & Fees 611310 82046763 82046763 0 0 Auxiliary Enterprises 611310 11238340 0 0 11238340 Bookstore, net of expenses 611310 68510 0 0 68510 0 0 0 0 93353613 474793 0 0 474793 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11184918 14476 9708255 14476 1476663 0 1476663 0 0 1476663 27294 20392 30526 -3232 0 -3232 0 0 0 0 0 0 0 0 0 0 0 0 Activity Fees & other income 611310 -690280 -690280 0 0 0 0 0 0 -690280 99022232 81356483 0 13255074 0 0 27039346 27039346 0 0 0 0 1224065 552426 407492 264147 30863897 26776687 3843958 243252 1350475 1136067 190274 24134 6550438 3572956 2905008 72474 2141168 1759216 346081 35871 0 0 0 0 4646 0 4646 0 79390 0 79390 0 0 0 0 0 0 0 0 0 0 0 4054864 3773121 281143 600 762967 29082 731238 2647 3797453 3144828 651533 1092 462523 96204 365459 860 0 0 0 0 1905078 1781234 62528 61316 2678813 2546640 111858 20315 0 0 0 0 603615 490783 45713 67119 1107151 531129 576022 0 0 0 0 0 2949206 2949206 0 0 374793 265023 109770 0 Equipment Rental & Maintenance 778138 206441 571672 25 Printing & Publishing 545517 386895 134288 24334 Memberships & Honoraria 990516 417214 572139 1163 Recruiting & Moving 118591 92951 25640 -602183 -40179 -590163 28159 89780467 77507270 11425689 847508 37900 34187 13211487 24995577 2581554 2821316 1508111 1400818 0 0 0 0 1679304 2527765 83703 77216 538840 436196 119647638 51753224 64100765 67894414 22217117 23504885 130325 130325 985141 107074247 123822699 3487406 4934715 3005915 3666862 19510000 19510000 3578905 5434920 4992759 6959094 8129199 38397335 44812440 X 42147961 54611993 10132176 6934235 16396775 17464031 68676912 79010259 107074247 123822699 9241765 1091582 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 101725 0 0 X X X X 0 18709173 918559 2697106 756514 0 0 21568324 18037724 158778 1306766 794095 0 0 18709173 18617884 1032161 -790167 822394 -240 0 18037724 16739357 334770 2487260 968115 -24612 0 18617884 16045963 115193 1570484 944540 47743 0 16739357 0.14 0.77 0.09 1 0 0 13096600 13096600 0 73791994 26533988 47258006 0 5750808 2734262 3016546 0 25008611 22484974 2523637 0 1999625 0 1999625 67894414 0 Notes Payable 1343914 Actuarial Liabilities - trusts & annuities 3683933 Interest rate swap liability 3101352 8129199 X 73115139 1091582 0 0 -27008820 -25917238 99032377 0 -10145 -10145 99022232 62781792 0 0 0 40671 40671 62741121 0 27039346 27039346 89780467 Schedule D, Part III, Line 4 Art items are used in teaching, & the ancient manuscripts are part of an ongoing project to preserve and scan ancient manuscripts for posterity and to provide the scanned documents for scholarship. Schedule D, Part V, Line 4 Endowment funds are used for student scholarships & also for other designated educational purposes as required by the donor. Schedule D, Part X, Line 2 The University recognizes the tax benefit from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The University had no unrecognized tax benefits at June 30, 2014 and 2013. The University recognizes interest accrued and penalties related to unrecognized tax benefits as an administrative expense. During the years ended June 30, 2014 and 2013, the University recognized no interest and penalties. The University files an exempt organization income tax return in the U.S. federal jurisdiction. With few exceptions, the University is no longer subject to U.S. federal tax examinations by tax authorities for years before 2010. Schedule D, Part XI, Line 2d Financial Aid is netted with Tuition Income on the audited Financial statements; Gross income from fundraising income is netted with event expenses. Schedule D, Part XI, Line 4b Bookstore expenses are netted with income in the audited financial statements. Schedule D, Part XII, Line 2d Bookstore expenses are netted with income in the audited financial statements. Gross income from fundraising income is netted with event expenses. Schedule D, Part XII, Line 4b Financial Aid is netted with Tuition Income on the audited Financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Our non-discrimination policy is published annually in the Portland Oregonian newspaper in conjunction with the Oregon Alliance of Independent Colleges & Universities. Schedule E, Part I, Line 6 George Fox University receives Title IV aid for SEOG, federal work study & Perkins loans. GFU also administers grants with the NSF. East Asia and the Pacific 0 2 Program Services Admission counseling 114000 0 2 114000 0 0 0 0 0 0 Golf Tournament 47686 20392 27294 0 9384 14940 319 0 5883 0 0 47686 20392 27294 0 9384 14940 319 0 5883 30526 -3232 1 Academic & Performance Scholarships 837 6020235 0 US dollars Workstudy awards 745 1403959 348967 US dollars; room & board charges room & board charges SEOG Grants 294 225614 0 US dollars Designated & Endowed Scholarships 491 727317 0 US dollars Other Scholarships 2016 18662221 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 & Chief Operations Officer. 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 1 1 X X X X 0 0 0 0 0 0 0 1 0 Robin Baker President 320852 0 20000 0 0 0 21704 0 101340 0 463896 0 0 0 Theodore Allen EVP & Chief Operating Officer 160888 0 15000 0 0 0 10080 0 31466 0 217434 0 0 0 Rob Westervelt EVP for Marketing & Enrollment 134012 0 0 0 0 0 8310 0 13785 0 156107 0 0 0 Brian Gardner V.P. for Advancement 134624 0 0 0 0 0 8040 0 16657 0 159321 0 0 0 Robert Harder Professor Mechanical Engineering 130942 0 0 0 0 0 7198 0 61050 0 199190 0 0 0 Patrick Allen Professor - EDFL 127730 0 0 0 0 0 7560 0 19897 0 155187 0 0 0 Schedule J, Part I, Line 1a The president is required to live in the president's house. A university owned car is made available for business use. The housing allowance & any personal use of the vehicle are reported as additional taxable income on his W-2. In order to enhance the influence of GFU in the local community, Arlington Club dues are paid for the president. The Arlington Club provides a forum for networking within the business community to find people interested in investing time and resources in higher education. Only required spousal travel is paid for the president. GFU promotes family values and it is expected on some, but not all, trips that the president's wife will accompany him. Schedule J, Part I, Line 7 Bonuses are awarded based on achievement of specific performance metrics. A Yamhill County Oregon Series 2012A George Fox University Project 936002318 2012-07-04 19461225 Re-finance of 2005 bond issue 0 0 0 A 0 0 19461225 0 0 0 181225 0 0 0 19280000 0 2012 0 1 1 1 A 0 0 1 1 0 0.00 0.00 0.00 0 0 1 A 0 1 0 0 1 1 US Bank exp 10/1/2035 30 0 0 0 0 1 A 1 Andersen Construction Co Inc See Part V See Part V X 3587065 3578905 0 1 1 3578905 Andersen Construction Company Inc See Part V 3587065 See Part V 0 Schedule L, Part II Line 1b Owner, David Andersen is current Board of Trustee member; Line 1 c Construction of athletic center & grandstand. Schedule L, Part IV Line 1b Owner, David Andersen is current Board of Trustee member; Line 1 d Construction of athletic center & grandstand. X 1 1000 Donor valuation X 21321 Donor valuation X 1280 Donor valuation X 9 573455 FMV broker X 1 14476 Appraisal X Misc. small items 111 17134 Donor valuation X Equipment 2 798 Donor valuation X Office Supplies 21 6425 Donor valuation X Landscaping Materials 1 1293 Donor valuation 0 0 1 0 Form 990, Part VI, Section B, Line 11b The finance office staff prepares the 990. It is reviewed by the controller & CFO before filing. This return was also reviewed by an outside CPA firm. The Board of Trustees Finance Committee will review the 990 after it is filed at their next meeting. Form 990, Part VI, Section B, Line 12c All employees & Board of Trustee members are required to complete a new Conflict of Interest form each year. These records are monitored and reviewed by the Associate Director of Human Resources. The forms are maintained in the Human Resources department. Periodically during the time-frame that these forms are sent to employees, the Associate Director sends out additional requests to those that have not completed the forms. This includes contacting employees' supervisors when necessary. If a conflict of interest or potential conflict of interest is notated on a form by the employee, the Director of Human Resources reviews it. If more information is needed, she contacts the employee. If, in the Director's judgment, it is deemed not to be a conflict of interest, the form is filed and no further action is taken. If a conflict of interest or potential conflict of interest exists, the Director gives the form to the EVP for Finance and Operations to review. If necessary, the EVP then contacts the employee or the head of the department that might be impacted by the conflict of interest (if it is an outside business the university might contract with for services or products) to ensure that sound business practices continue to be followed in selecting vendors, etc. Any employees or board members with conflicts will be prohibited from any deliberations and decisions related to the conflict of interest. Form 990, Part VI, Section B, Line 15 Key employees & top official salaries are reviewed & approved by the Board of Trustees after review of data from comparable schools. Form 990, Part VI, Section C, Line 19 Our Conflict of Interest policy & governing documents are available on our website. Our financial statements are not available to the public. Per Notice CP211A this return has been extended to 5/15/15.