2014-05-09T19:10:51-05:00 2013-06-30 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2012-07-01 951644035 Point Loma Nazarene University POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 George R Latter Jr 6198492200 2014-05-05 1 David C Moja P00747006 7149619300 2012 2015-11-30 17:44:51Z Robert Brower 3900 Lomaland Drive San Diego CA 92106 104178701 0 X www.pointloma.edu X 1918 CA Non-profit Christian university. 41 30 2170 44 0 0 3630948 4464029 95249671 99274127 424756 424568 0 -376551 99305375 103786173 16234601 18537645 0 0 51260146 51819881 0 42852 1096562 28793942 28033829 96288689 98434207 3016686 5351966 113108424 117032800 54691915 50842005 58416509 66190795 X Point Loma Nazarene University exists to provide higher education in a vital Christian community where minds are engaged and challenged, character is modeled and formed, and service becomes an expression of faith. We aspire to be a learning community where grace is foundational, truth is pursued, and holiness is a way of life. 0 0 48508466 18537645 78585978 Point Loma Nazarene University is a thriving Christian liberal arts institution in San Diego. Rooted in the Wesleyan tradition, PLNU aims to educate students not only for their own benefit but also for the benefit of our community and those who are in need. That's why we seek to prepare students to address the complex issues facing our world today with integrity and forward thinking. Armed with strong intellect, deep faith, and a commitment to causes larger than themselves, PLNU graduates enter the workforce prepared to influence our world for good. PLNU serves more than 3,500 students. In addition to offering more than 60 undergraduate areas of study, PLNU offers graduate programs in regional centers throughout Southern California. 21663935 16444450 Academic Support bolsters PLNU students' academic experience through resources like the Tutorial Center, PLNU's Ryan Library, Information Technology Services, and Media and Technology. 8057483 4243699 Student Services enriches the student experience and resources like the Offices of Strengths and Vocation, the Wellness Center, Outdoor Leadership and Recreation, Spiritual Development, and Student Financial Services. 78229884 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 1 225 0 1 2170 1 0 0 0 0 0 0 0 0 0 0 X 41 30 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Jim Bergherm 6198492429 3900 Lomaland Drive San Diego CA 92106 Robert Brower 40.00 X X 263669 0 36610 Steven R Scott 1.00 X X 0 0 0 J Fred Huff 1.00 X X 0 0 0 Daryl C Nicholson 1.00 X X 0 0 0 Carol Van Buskirk 1.00 X X 0 0 0 Jan Stone 1.00 X 0 0 0 William Thomas Battin 1.00 X 0 0 0 Jennifer J Bentley 1.00 X 0 0 0 Ira F Brown 1.00 X 0 0 0 Randal Benefiel 1.00 X 0 0 0 John H Calhoun 1.00 X 0 0 0 Dean Coonradt 1.00 X 0 0 0 William James Cullumber 1.00 X 0 0 0 John L Denney 1.00 X 0 0 0 Jerry L Ferguson 1.00 X 0 0 0 Esther Frejo 1.00 X 0 0 0 Larry Fry 1.00 X 0 0 0 Craig K Furusho 1.00 X 0 0 0 Gregory A Garman 1.00 X 0 0 0 Alberto C Guang 1.00 X 0 0 0 Ewell Gunter 1.00 X 0 0 0 Daryl L Hawkins 1.00 X 0 0 0 Wendy Hubbard 1.00 X 0 0 0 Susan H Hutchinson 1.00 X 0 0 0 Robert C Killen 1.00 X 0 0 0 Mark Lehman 1.00 X 0 0 0 Mary Leland 1.00 X 0 0 0 Russ Martin 1.00 X 0 0 0 Franklin McHodgkins 1.00 X 0 0 0 Rollie Miller 1.00 X 0 0 0 Gary W Morris 1.00 X 0 0 0 John R Nells 1.00 X 0 0 0 Douglas Pierce 1.00 X 0 0 0 Steven G Redmond 1.00 X 0 0 0 Georgina Rico 1.00 X 0 0 0 Donald R Schengel 1.00 X 0 0 0 Orlando R Serrano 1.00 X 0 0 0 Gary Smee 1.00 X 0 0 0 Rob Songer 1.00 X 0 0 0 Daniel W Spaite 1.00 X 0 0 0 Jim Swanson 1.00 X 0 0 0 Derek Taylor 1.00 X 0 0 0 Mendell Thompson 1.00 X 0 0 0 Craig Van Hulzen 1.00 X 0 0 0 John T Watkin 1.00 X 0 0 0 George R Latter Jr 40.00 X 168382 0 30280 Alison Reaser 40.00 X 228451 0 52203 Catherine Smith 40.00 X 135281 0 12245 Kerry Fulcher 40.00 X 170188 0 33615 David McCurry 40.00 X 137245 0 25051 Darrell R Falk 40.00 X 135983 0 17258 1239199 0 207262 16 0 1 0 Sodexo Dept 43283 Los Angeles CA 900883283 Food Services 4420612 Bycor General Contractors Inc Suite A 6490 Marindustry Dr San Diego CA 921212563 Construction/Remodel 1697522 RuffaloCODY LLC PO Box 3018 Cedar Rapids IA 524063018 Advertising/Mailing 311547 CCS Presentation Systems Inc 3331 Jack Northrop Ave Hawthorne CA 902504426 Audio Visual 250374 Hellas Construction 12710 Research Blvd Suite 240 Austin TX 787594319 Construction/Remodel 180565 11 1080529 3383500 432789 4464029 Tuition and fees 611710 78585978 78585978 Auxiliary revenue 611710 16444450 16444450 Other program revenue 611710 4243699 4243699 99274127 440545 440545 15977 -15977 -15977 -15977 0 1080529 376551 -376551 -376551 103786173 99274127 0 48017 705625 705625 17832020 17832020 507898 390503 108826 8569 538285 429486 98352 10447 39399953 31436382 7198918 764653 2263634 1297534 964989 1111 6326644 3730708 2593040 2896 2783467 1554168 1227951 1348 97487 16360 80447 680 83484 7973 75208 303 42852 42852 1814 1814 4740122 4307893 432229 679063 664228 12949 1886 3512706 2005238 1455701 51767 925749 485926 414735 25088 2488171 1203861 1271286 13024 2719577 2160247 504830 54500 250411 195056 49412 5943 1612948 1540227 59354 13367 4185228 3993591 156798 34839 511600 243216 264959 3425 Equipment rental 3211639 1386382 1821330 3927 Auxiliary 744582 744582 Other 525852 550378 -48998 24472 Academics 509063 509063 1234333 837423 365445 31465 98434207 78229884 19107761 1096562 3985851 13452406 17777116 12539627 2126445 1771550 884760 784760 2970160 2844572 1404009 1110934 148719177 75575185 72961176 73143992 4459271 5723427 167810 124817 6371826 5536715 113108424 117032800 7267706 7287846 2421473 1975069 31720000 30885000 388649 273358 3395039 3438420 9499048 6982312 54691915 50842005 X 53613119 59972956 4626726 6119380 176664 98459 58416509 66190795 113108424 117032800 X 5351966 -94416 2516736 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 6796961 6796961 109840232 51462191 58378041 24574664 19507636 5067028 7507320 4605358 2901962 73143992 Fair value of swap agreement liability 6982312 6982312 X 88753024 -94416 -15315284 -15409700 104162724 -376551 -376551 103786173 80978738 376551 376551 80602187 17832020 17832020 98434207 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The combined 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. As of June 30, 2013 and 2012, the University had no uncertain tax positions that qualify for recognition or disclosure in the combined financial statements. The University files information tax returns in the U.S. and California. 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: Adjustment to value of interest rate swap agreement 2,516,736. Scholarships netted to tuition revenue per books -17,832,020. Part XI, Line 4b - Other Adjustments: Fundraising event expense -376,551. Part XII, Line 2d - Other Adjustments: Fundraising event expense 376,551. Part XII, Line 4b - Other Adjustments: Scholarships netted to tuition revenue per books 17,832,020. 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 Published annually in the San Diego Tribune. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The University receives funding from the federal government, and as a result, is required to comply with various regulations related to those funding programs. Schedule E, line 5d: Some scholarships awarded from the endowment fund are specified for certain racial groups, such as Hispanics, Laotians, and Hawaiians. X 1 Westfall Group PO Box 341 Suwanee GA 30024 Fundraising and event management 0 1069646 42852 1026794 1069646 42852 1026794 Fundraiser 1080529 1080529 247376 129175 1080529 1080529 247376 129175 376551 -376551 Explanation of Fundraising Payments Schedule G, Part I, Line 2b, Column (v) Total consulting fees paid to Westhall Group for their consulting services were $42,852. All other expesnse paid to Westfall Group are for reimbursed expenses for video production, mailings, and printing. 1 Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 501(c)(3) 705625 Provide scholarship funds. 1 0 Student Scholarships/Awards 1924 17832020 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University awards grants, scholarships & student loans based on various, predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. The University also grants funds to its supporting organization, Point Loma Nazarene University Foundation. The use of these funds is monitored through direct oversight of the Foundation. The finance department of the University maintains the books and records of the Foundation. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Robert Brower 259880 0 0 0 3789 0 20987 0 15916 0 300572 0 0 0 George R Latter Jr 168253 0 0 0 129 0 13631 0 16911 0 198924 0 0 0 Alison Reaser 228451 0 0 0 0 0 15893 0 36418 0 280762 0 0 0 Kerry Fulcher 170143 0 0 0 45 0 13669 0 20179 0 204036 0 0 0 David McCurry 137170 0 0 0 75 0 10997 0 14223 0 162465 0 0 0 Darrell R Falk 135602 0 0 0 381 0 10915 0 6677 0 153575 0 0 0 Part I, Line 1a The University allows members of the Board of Trustees to bring their spouse to one of the two annual meetings each year. The University will pay the spouse's travel expenses and if any aggregate amount is in excess of $600 per year, it is reported on Form 1099. A housing allowance is provided to ordained ministers. The housing allowance is accepted by the Administrative Cabinet, on behalf of the Board of Trustees, and entered into the Administrative Cabinet minutes. A ABAG Finance Authority for Nonprofit Corps 943130123 00037CNH9 2008-11-25 34000000 Refund 1 0 0 A 34000000 33526459 119000 354541 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 Bank of America 24.833333300000 0 0 0 0 0 Robert Brower Housing Equity Agreement X 365400 365400 0 1 1 George Latter Jr Housing Equity Agreement X 58000 29000 0 1 1 Catherine Smith Housing Equity Agreement X 65360 65360 0 1 1 Kerry Fulcher Housing Equity Agreement X 325000 325000 0 1 1 784760 Tuition Remission 138562 Grants and Tuition Remission Linda Brower Family of Robert Brower, President 11638 W2 Employee 0 Alisha Brower Family of Robert Brower, President 20841 W2 Employee 0 Ron Benefiel Family of Randy Benefiel, Trustee 96033 W2 Employee 0 Stephanie Bentley Family of Jennifer Bentley, Trustee 16612 W2 Employee 0 Danielle Brown Family of Ira Brown, Trustee 21157 W2 Employee 0 Justin Denney Family of John Denney, Trustee 27060 W2 Employee 0 Bethany Denney Family of John Denney, Trustee 36113 W2 Employee 0 Ashley Hutchison Family of Sue Hutchison, Trustee 18484 W2 Employee 0 Shannon Hutchison Family of Sue Hutchison, Trustee 45152 W2 Employee 0 Ken Martin Family of Russ Martin, Trustee 105694 W2 Employee 0 Karl Martin Family of Russ Martin, Trustee 86949 W2 Employee 0 Brenda Martin Family of Russ Martin, Trustee 38973 W2 Employee 0 Shanley Murray Family of Catherine Smith, VP of Student Dev 13578 W2 Employee 0 X 17 389717 Fair Market Value X Miscellaneous 16 43072 Fair Market Value 0 1 0 Method for Determining Number of Contributions: Part I, Column (b): The number of contributions equals the number of items received. Form 990, Part VI, Section A, line 1 The Administrative Cabinet of Point Loma Nazarene Univesity is made up of the following people: - Robert Brower, University President - George Latter, Vice President for Finance and Administration - Joe Watkins, Vice President for External Relations - Mary Paul, Vice President for Spiritual Development - Caye Smith, Vice President for Student Development - Kerry Fulcher, Provost The only individual who also serves as a member of the governing body is Robert Brower. The scope of the Administratvie Cabinets authority is as follows: - sign contracts, leases, purchase agreements, and financing agreements in the name of Point Loma Nazarene University - signing documents that are routinely required in the normal course of business, including but not limited to tax returns, trust returns, annual reports to state and federal agencies, and certificates regarding resolutions - open, maintain, and close bank accounts and investment accounts in the name of Point Loma Nazarene University. Form 990, Part VI, Section A, line 2 Darryl Nicholson and Craig VanHulzen - business relationship. Jim Swanson and Gary Smee - business relationship. Form 990, Part VI, Section A, line 4 The University changed it's corporate status from a nonprofit public benefit corporation to a nonprofit religious corporation. It also put an upper limit on the number of board members (33) and changed the manner in which board members are nominated and elected. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm, reviewed by the finance team, and distributed to the board of trustees prior to being filed with the IRS. Form 990, Part VI, Section B, line 12c Conflict of interest statements are completed annually by all members of the governing body. The statements are reviewed by the Chairman of the Board of Trustees. The finance team is also monitoring all transactions for potential conflicts of interest. Form 990, Part VI, Section B, line 15 Each year at the spring board meeting of the University's Board of Trustees, the board Finance Committee receives a report in executive session from the Associate Vice President for Human Resources which compares the salaries of the University President and senior administrators (the Administrative Cabinet) to salaries for similar positions using four different salary surveys. Following discussion of this information, the Finance Committee takes action to set the salaries of the President and Administrative Cabinet for the following year and records this action in the minutes of its meeting. Form 990, Part VI, Section C, line 19 The organizing documents, conflict of interest policy, and the financial statements are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Adjustment to swap termination liability 2,516,736. Prior period adjustment with affiliate Explanation of responsibility 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 process has not changed since the prior year. Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 Support Point Loma Nazarene University CA 501(C)(3) Line 11c - Type I N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0