2015-05-14T22:36:51-05:00 2014-06-30 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2013-07-01 860186050 Arizona Christian University ARIZ 6024895300 2625 E Cactus Rd Phoenix AZ 85032 Len Munsil President 6024895300 2015-05-14 1 David C Moja P00747006 7195286225 2013 2016-02-25 16:41:14Z Len Munsil 2625 E Cactus Rd Phoenix AZ 85032 17766341 0 X www.arizonachristian.edu X 1960 AZ Provide a biblically integrated education preparing graduates to serve the Lord Jesus Christ. 14 14 331 55 0 0 2617951 4536626 11039260 11454901 163634 334458 1049162 71367 14870007 16397352 5099155 5046019 0 0 5597987 6281187 0 0 314291 4582007 5402439 15279149 16729645 -409142 -332293 20683746 21351873 11650426 12779590 9033320 8572283 Arizona Christian University provides a biblically integrated education that prepares its graduates to serve the Lord Jesus Christ in ministry and professional occupations. 0 0 13077022 5046019 10018992 Educational Activities:Arizona Christian University is a private, non-profit, Christian university in Phoenix offering a variety of degree programs, honors courses, internship opportunities and multiple pre-professional tracks. With a student-to-faculty ratio of 13:1, ACU's distinguished professors are committed to developing the complete person through the integration of faith, learning, and Christian leadership for our more than 500 students. 1214512 1440869 Auxiliary Services & Outreach Ministries: Arizona Christian University provides student life programs, updated facilities for students, and extra-curricular activities to further enhance the educational experience for each student.Arizona Christian University provides opportunities for students to fulfill the university's mission to engage the world for Jesus Christ and transform culture with truth. The university helps connect students with ministries in the surrounding community as well as provides the opportunity for students, faculty, and staff to participate in international mission trips. 14291534 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 36 0 1 331 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X The Organization 6024895300 2625 E Cactus Rd Phoenix AZ 85032 Paul Hendricks Board Chair 5.00 X X 0 0 0 Roger Roberson Vice Chair 1.00 X X 0 0 0 Arlen Larson Secretary 1.00 X X 0 0 0 Jim Baugh Trustee (Part Year) 1.00 X 0 0 0 Larry Anderson Trustee 1.00 X 0 0 0 Don Hay Trustee 1.00 X 0 0 0 Don King Trustee 1.00 X 0 0 0 John Miller Trustee 1.00 X 0 0 0 Shelly Roden Trustee 1.00 X 0 0 0 Floyd Bannister Trustee 1.00 X 0 0 0 Mark Martin Trustee 1.00 X 0 0 0 Jim Bull Trustee 1.00 X 0 0 0 Roger Camping Trustee (Part Year) 1.00 X 0 0 0 Floyd Brown Trustee 1.00 X 0 0 0 Steve Montenegro Trustee 1.00 X 0 0 0 Darla Clark Trustee 1.00 X 0 0 0 Len Munsil President 50.00 X 255072 0 31743 Diane Catlin Sr. VP & CFO 50.00 X 130012 0 3750 Gary Damore Sr. VP & Provost 50.00 X 127415 0 8649 512499 0 44142 3 0 1 0 Sodexo Dept 880328 Los Angeles CA 90088 Food Service 337807 Jenzabar PO Box 55018 Boston MA 02205 Software Program/Consulting 116487 2 968625 3568001 32545 4536626 Student Tuition & Fees 611310 10018992 10018992 Auxilliary Services 611710 1435909 1435909 11454901 110211 110211 30403 0 30403 30403 30403 1569073 10700 1346597 8929 222476 1771 224247 224247 30625 13463 17162 17162 Recovery of investment 900099 18842 18842 Other 900099 4960 4960 23802 16397352 11459861 0 400865 5046019 5046019 626670 167351 459319 64771 60762 3832 177 4217949 3557708 492920 167321 86734 54915 25066 6753 926069 827363 79192 19514 358994 287547 57649 13798 4398 4398 29064 29064 1062873 948069 69100 45704 347109 46654 286205 14250 857664 776365 45764 35535 451644 238479 209598 3567 538231 538231 399620 368781 23455 7384 120923 112238 8397 288 794531 478790 315741 374274 374274 115142 115142 Other Institutional 209752 209752 Other Instructional 71251 68679 2572 Registrations 25963 14415 11548 16729645 14291534 2123820 314291 787360 2224703 242086 186360 410610 2222786 423718 748298 137942 24192 14387 5265 592478 130571 18714931 4815957 13965573 13898974 2805994 1064548 561 655033 655033 648565 190582 20683746 21351873 97179 209164 476143 519474 9020000 9820000 1859121 2067333 197983 163619 11650426 12779590 X 6913362 6504799 196562 139317 1923396 1928167 9033320 8572283 20683746 21351873 -332293 -119244 -9500 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3893503 183270 134367 45003 3897403 3876192 204176 134290 52576 3893502 3942270 51200 65144 131812 50610 3876192 3831456 1000 375067 136398 128855 3942270 2871580 1060163 251253 134789 216751 3831456 0.51000 0.49000 0 0 2450000 2450000 12880499 2811649 10068850 2637183 2004308 632875 747249 747249 13898974 Federal Student Loan Funds 24403 Refundable Advances and Deposits 139216 163619 11920917 -119244 856593 737349 11183568 5213784 5213784 16397352 11894942 857871 857871 11037071 5692574 5692574 16729645 Part V, Line 4: The purpose of investment and endowment funds is to support the short and long term financial needs of Arizona Christian University. Part XI, Line 2d - Other Adjustments: Affiliate revenue included in consolidated financial statements 843,130. Special event fundraising expense 13,463. Part XI, Line 4b - Other Adjustments: Scholarships and fellowships netted against revenue in audit 5,213,784. Part XII, Line 2d - Other Adjustments: Affiliate expenses included in consolidated financial statements 844,408. Special event fundraising expense 13,463. Part XII, Line 4b - Other Adjustments: Scholarships and fellowships netted against revenue in audit 5,213,784. Extraordinary item separately stated in financial statements 478,790. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 In accordance with Rev. Proc. 75-50, the nondiscrimination policy is included in all brochures, mailings, catalogs, and is available online. Schedule E, Part I, Line 6 Student financial aid is received from the U.S. Department of Education: Supplemental Educational Opportunity Grants Work Study Pell Grants Direct Student Loans (Loan Guarantees) TEACH Grants Golf Tournament 30625 30625 500 8060 3905 156 50 792 30625 30625 500 8060 3905 156 50 792 13463 17162 1 Scholarships and tuition assistance 488 5046019 Part I, Line 2: All scholarships are awarded to students who have completed the college's admissions requirements and have registered for classes. Scholarships require a student to maintain a full-time status throughout the semester and are awarded for one year; divided evenly between the Fall and Spring semesters. Most scholarships are renewed annually as long as the student meets the renewal criteria, completes the FAFSA, and MyACU interview. Music and athletic scholarships require re-evaluation each year and are not automatically renewed. Scholarships are awarded with the understanding that a student will complete the semester for which the award is received. A student must be in good standing and making satisfactory progress in order to receive a scholarship. X 1 1 X X X X 0 0 0 1 0 1 0 0 0 Len Munsil President 240000 0 12188 0 2884 0 7350 0 24741 0 287163 0 0 0 Part I, Line 1a Occasionally the President's spouse (also a University employee) accompanies him to conferences and other events where her presence is requested and there is a valid business purpose. This is treated a business expense and is not included in taxable compensation. Part I, Line 3 The University participates in annual compensation studies of various higher education associations and the independent board has access to these studies when determining compensation for officers and key employees. The President is serving under a 5-year extension of an initial 5-year contract that began in 2010. A compensation committee of the board reviewed comparable salaries, benefits, and salary history, and recommended a new contract to the full board, which unanimously approved the contract in March 2014 and a slight revision to the contract in June 2014. The compensation committee of the board reviewed 990s and salary information for university presidents in the region before reaching its recommendation. Part I, Line 5 Incentive pay is calculated annually based upon achievement of revenue goals. Part I, Line 6 Incentive pay is calculated quarterly based upon net income actual vs. budget. Schedule J, Pt. I, Lines 5 & 6, Incentive pay: The March 2014 extension and June 2014 revision of the President's contract eliminated all incentive pay. A The Industrial Development Authority of the City of Phoenix Arizona 522038405 2014-01-29 10000000 Refund prior issue 7/10/08 for construction/remodeling 0 0 0 A 180000 10000000 56491 126168 1198220 8675612 2014 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Various Tuition Discount 25026 Dr Tracy Munsil Assoc Prof De Family member of President 63687 W2 Compensation & Benefits 0 X Athletic fiel 1 26600 FMV X Scoreboard 1 5945 FMV 0 0 1 0 Part I, Column (b): The number of contributions represents the number of contributions received. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm, then reviewed by the Finance Team, before the return is provided to the Audit Committee and then the whole board prior to its being submitted to the IRS. Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees are required to submit conflict of interest disclosures annually. These forms are reviewed by management as well as the Audit Committee. Any conflicts or potential conflicts are resolved by the Audit Committee and the Board of Trustees. All interested parties are required to recuse themselves from board deliberations and any subsequent vote. Form 990, Part VI, Section B, line 15 The University participates in annual compensation studies of various higher education associations and the independent board has access to these studies when determining compensation for officers and key employees. Each time the President's contract is extended or renewed, the independent board reviews salary studies and comparable compensation and benefits prior to entering into the contract. The compensation process and decision are documented in the board minutes. Form 990, Part VI, Section C, line 19 The University makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request. Grand Canyon Broadcasters Inc 3741 Karicio Lane Prescott AZ 86303 860643356 Operation of KGCB-FM Christian Radio AZ 501c3 107(b)(1)(A)(vi) Arizona Christian University 1 Charitable remainder trust (1) Hold assets and remit income to University AZ Arizona Christian University 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Grand Canyon Broadcasters Inc E