2014-05-13T17:44:50-05:00 2013-06-30 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2012-07-01 860186050 Arizona Christian University ARIZ 6024895300 2625 E Cactus Rd Phoenix AZ 85032 Diane Catlin 6024895300 2014-05-13 1 David C Moja P00747006 7195286225 2012 2015-11-30 17:44:51Z Len Munsil 2625 E Cactus Rd Phoenix AZ 85032 15142454 0 X www.arizonachristian.edu X 1960 AZ Provide a biblically integrated education preparing graduates to serve the Lord Jesus Christ. 16 15 331 50 0 0 4526753 2617951 9901469 11039260 166136 163634 595542 1049162 15189900 14870007 4244731 5099155 0 0 5753466 5597987 144034 0 189071 3789262 4582007 13931493 15279149 1258407 -409142 24326062 20683746 12179220 11650426 12146842 9033320 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 12470655 5099155 10366199 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 16:1, ACU's distinguished professors are committed to developing the complete person through the integration of faith, learning, and Christian leadership for our nearly 500 students. 884332 0 1019341 AUXILIARY SERVICES: 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. 13354987 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 0 0 0 0 0 1 0 0 0 1 31 0 1 331 1 0 0 0 0 0 1 1 0 0 0 1 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X Diane Catlin 6024895300 2625 E Cactus Rd Phoenix AZ 85032 Paul Hendricks 5.00 X X 17050 0 0 Roger Roberson 1.00 X X 0 0 0 Arlen Larson 1.00 X X 0 0 0 Jim Baugh 1.00 X 0 0 0 Larry Anderson 1.00 X 0 0 0 Don Hay 1.00 X 0 0 0 Don King 1.00 X 0 0 0 John Miller 1.00 X 0 0 0 Shelly Roden 1.00 X 0 0 0 Floyd Bannister 1.00 X 0 0 0 Mark Martin 1.00 X 0 0 0 Jim Bull 1.00 X 0 0 0 Roger Camping 1.00 X 0 0 0 Floyd Brown 1.00 X 0 0 0 Steve Montenegro 1.00 X 0 0 0 Jim Tulloch 1.00 X 0 0 0 Allan Hill 1.00 X 0 0 0 Edgar Meyers Jr 1.00 X 0 0 0 Len Munsil 50.00 X 258339 0 40824 Diane Catlin 50.00 X 117758 0 10145 Gary Damore 50.00 X 123497 0 12884 516644 0 63853 3 0 1 0 Sodexo Dept 880328 Los Angeles CA 90088 Food Service 677508 MicroAge PO Box 2941 Phoenix AZ 85062 IT Consulting 235259 Jenzabar PO Box 55018 Boston MA 02205 Software Program/Consulting 216341 3 183400 1156296 1278255 8375 2617951 Student Tuition & Fees 611310 10366199 10366199 Auxilliary Services 611710 673061 673061 11039260 134329 134329 136000 4000 105552 5143 30448 -1143 29305 29305 9450 183400 161752 -152302 -152302 Recovery of investment 900099 855184 855184 Other 900099 346280 346280 1201464 14870007 11385540 0 866516 5099155 5099155 517562 123040 394522 102405 96067 6058 280 3937485 3667353 258539 11593 76963 60814 15944 205 649535 601179 43963 4393 314037 274446 38715 876 30562 30562 948894 787379 76624 84891 150086 29011 120173 902 458099 362366 49835 45898 686295 299562 385164 1569 458758 404349 54409 539849 469639 32946 37264 285938 37312 248626 378394 378394 89067 89067 Registrations 211517 201850 8467 1200 Other Instructional 192318 192318 Other Institutional 114575 114575 Student Events 33298 33298 4357 3251 1106 15279149 13354987 1735091 189071 674436 787360 172037 242086 598900 410610 438859 423718 369229 137942 15132 14387 700753 592478 18403213 4437640 14090955 13965573 2483949 2805994 4143864 655033 637948 648565 24326062 20683746 148518 97179 541269 476143 9355000 9020000 2010981 1859121 123452 197983 12179220 11650426 X 10093385 6913362 111681 196562 1941776 1923396 12146842 9033320 24326062 20683746 X -409142 69808 -2774188 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3876192 204176 134290 52576 3893502 3942270 51200 65144 131812 50610 0 3876192 3831456 1000 375067 136398 128855 0 3942270 2871580 1060163 251253 134789 216751 0 3831456 3118290 155306 -277700 101000 23316 0 2871580 0.51000 0.49000 0 0 2462322 2462322 12794283 2107906 10686377 2418951 2329734 89217 727657 727657 13965573 Federal Student Loan Funds 22201 Refundable Advances and Deposits 143588 Other Accrued Liabilities 32194 197983 10644780 69808 804120 873928 9770852 5099155 5099155 14870007 11075577 895583 895583 10179994 5099155 5099155 15279149 Description of Intended Use of Endowment Funds: 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 804,120. Part XI, Line 4b - Other Adjustments: Scholarships and fellowships netted against revenue in audit 5,099,155. Part XII, Line 2d - Other Adjustments: Affiliate expenses included in consolidated financial statements 895,583. Part XII, Line 4b - Other Adjustments: Scholarships and fellowships netted against revenue in audit 5,099,155. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 Done in accordance with Rev. proc. 75-50. Policy is included in all brochures, mailings, catalogs, and is available online. Explanation of Government Financial Assistance 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 Daniel Award Dinner 192850 183400 9450 10128 34205 8 117411 192850 183400 9450 10128 34205 8 117411 161752 -152302 0 Scholarships and federal financial aid 516 5099155 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 and completes the FAFSA. 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. Scholarships are non-transferable. Completion of the FAFSA is required to apply for all scholarships or grants. State grants received offset institutional scholarships or are applied to fees if the total amount is greater than tuition. Priority deadline to apply for financial aid is April 1st for Fall semester start and November 1st for Spring semester start. X X 1 1 X 0 0 0 1 0 1 0 0 0 Len Munsil 222714 0 35625 0 0 0 10088 0 30736 0 299163 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 not included in taxable compensation. Health and social club dues are paid on behalf of the Board Chair and are reported as taxable compensation to him. Part I, Line 3 The University participates in annual salary 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 contract entered into in 2011 that sets compensation for all five years. The independent board reviewed salary studies and comparable compensation and benefits prior to entering into the 2011 contract. 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. A Industrial Development Authority of Phoenix 522038405 718911FM7 2008-07-10 10000000 Construction/remodeling 0 0 0 A 980000 10006373 274047 25000 478724 100000 896972 8231630 2011 0 0 1 1 A 0 0 0 0 1 0 1 A 0 0 0 1 1 0 0 0 1 A 1 Schedule K Part IV, Arbitrage, Line 2c Date Rebate Computation Performed Issuer Name: Industrial Development Authority of Phoenix Date the Rebate Computation was Performed: 05/31/2013 Part II, Line 3 Difference in Part I, Column (e) and Part II, Line 3 Although the original bond issuance was for only $10,000,000, an additional $6,373 was earned in interest, resulting in the difference between these sections on Schedule K. Various Tuition Discount 16481 Tracy Munsil Family of President 64587 W2 Compensation & Benefits 0 Frank Hendricks Family of Board Member 35766 W2 Compensation & Benefits 0 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 salary 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 contract entered into in 2011 that sets compensation for all five years. The independent board reviewed salary studies and comparable compensation and benefits prior to entering into the 2011 contract. 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. Explanation of Prior Period Adjustment Form 990, Part XI, Line 8 Prior period adjustment reflects removal of the net assets of AZ Shine radio station from ACU 990 reportable net assets. AZ Shine is operated as a separate 501(c)(3) corporation filing a separate 990. Assets are consolidated under ACU for purposes of annual audit and reporting. 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 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0