2013-10-15T14:00:14-05:00 2013-05-31 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2012-06-01 951916051 Hope International University HOPE 7148793901 2500 E Nutwood Ave Fullerton CA 92831 Frank Scotti 7148793901 2013-10-15 1 David C Moja P00747006 7149619300 2012 2015-11-30 17:44:51Z John Derry 2500 E Nutwood Ave Fullerton CA 92831 26327566 0 X www.hiu.edu X 1928 CA Empowering students through Christian higher education to serve the Church & world for Christ. 17 17 603 50 0 0 1468131 1325487 22613188 24440527 205102 220371 43446 -17066 24329867 25969319 5689590 5843572 0 0 10008384 11451612 0 0 724728 7968502 8203561 23666476 25498745 663391 470574 21244626 21919542 10420473 10411146 10824153 11508396 X The mission of Hope International University is to empower students through Christian higher education to serve the church and impact the world for Christ. The University specializes in fields offering significant influence on society (e.g., business, education, health sciences, social sciences, and ministry). Hope stresses practical scholarship, servant leadership, and community service. 0 0 17149885 5843572 24440527 Hope International University is an independent, comprehensive, institution of higher learning offering undergraduate and graduate degrees. The University maintains a close affiliation with the Christian Churches and Churches of Christ. Founded in 1928, HIU has expanded its educational offerings to include degree programs through five colleges. In 2012, HIU currently serves 1,950 undergraduate and graduate students in degree and certificate programs provided both on-ground and online through two main campuses in Southern California. 17149885 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 91 0 1 603 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 1 1 0 CA X Frank Scotti 7148793901 2500 E Nutwood Ave Fullerton CA 92831 Gene Apple 2.00 X 0 0 0 Glenn Carpenter 2.00 X 0 0 0 Lingkit May Chan 2.00 X 0 0 0 Ken Clement 2.00 X 0 0 0 Richard Davis 2.00 X 0 0 0 Gray Farley 2.00 X 0 0 0 Calvin Jernigan 2.00 X 0 0 0 Graydon Jessup 2.00 X 0 0 0 Julie Kuns 2.00 X 0 0 0 Richard Lukas 2.00 X 0 0 0 Kevin Odor 2.00 X 0 0 0 Charles Puckett 2.00 X 0 0 0 Laretta Shrader 2.00 X 0 0 0 James Taylor 2.00 X 0 0 0 Bruce Templeton 2.00 X 0 0 0 Tim Winters 2.00 X 0 0 0 Thaddeus Yurek 2.00 X 0 0 0 John Derry 40.00 X 153514 0 109842 Frank Scotti 40.00 X 144285 0 58890 Paul Alexander 40.00 X 100004 0 64791 Michael Mulryan 40.00 X 133836 0 7710 531639 0 241233 4 0 1 0 Pioneer College Caterers 303 Glenrose Avenue Nashville TN 37210 Cafeteria Services 968417 Veolia Energy Los Angeles Inc PO Box 100006 Pasadena CA 91189 Central Plant Management Service 612040 PS Business Parks PO Box 849408 Los Angeles CA 90084 Office Space Rent 281224 Paynes Janitorial Services 303 Glenrose Avenue Nashville TN 37210 Janitorial Services 256679 Direct Printing & Promotion 545 W Allen Avenue 5 San Dimas CA 91773 Printing and Publications 230294 19 139009 1186478 4572 1325487 Tuition and fees 611600 21055695 21055695 Auxiliary 611600 3156871 3156871 Other program revenue 900099 227961 227961 24440527 161344 161344 203931 106914 97017 97017 97017 129923 56474 127370 0 2553 56474 59027 59027 9880 139009 123963 -114083 -114083 25969319 24440527 0 203305 5843572 5843572 727470 169638 409967 147865 8967123 7271399 1500704 195020 23143 23143 1178014 636914 525421 15679 555862 433004 108579 14279 16160 16160 47882 47882 4707 4707 2261838 532988 1561811 167039 512645 435264 44394 32987 573102 259210 284528 29364 1390177 62999 1327178 402743 301703 66923 34117 71869 53850 12925 5094 448423 448423 894444 894444 165719 59462 106257 Miscellaneous 911650 861380 50270 Special Events 296352 226934 36414 33004 Repairs & Maintenance 205850 1568 204272 10 25498745 17149885 7624132 724728 363007 494631 3437285 3409461 90030 151886 681995 399652 235000 215000 321267 345625 653550 1144848 27324936 15020839 12485481 12304097 908334 1232447 422476 351514 1646201 1870381 21244626 21919542 1859523 1747618 504347 411258 1124619 6885585 5935931 15400 996053 1351285 10420473 10411146 X 4123488 4570593 1959757 2187976 4740908 4749827 10824153 11508396 21244626 21919542 X 470574 144156 69513 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6064583 3550 379132 460692 5986573 6419032 264640 619089 6064583 4971693 1156012 352156 60829 6419032 4641193 280037 100917 50454 4971693 4509489 25839 105865 4641193 0.06000 0.94000 1 0 1395070 1395070 8609850 3136953 5472897 56305 53641 2664 5001795 4342060 659735 12261916 7488185 4773731 12304097 Trust and Annuity Assets 1769273 Interest Receivable 22562 Other Receivable 78546 1870381 Federal and Student Loan Obligations 286549 Trust and Annuity Liabilities 1064736 1351285 X 20570294 144156 -5774059 -5629903 26200197 -230878 -230878 25969319 19886051 230878 230878 19655173 5843572 5843572 25498745 Description of Intended Use of Endowment Funds: Part V, Line 4: Hope International University's endowment funds are maintained and preserved for future use supporting various purposes within the University. Some of these funds are restricted for scholarship purposes, some are available for general University use with the approval of the Board of Trustees, and others are maintained for future University uses yet to be determined by the Board of Trustees. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the 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 statements of activities. As of May 31, 2013, Hope had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Hope files information tax returns in the U.S. and California. Hope is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2008. Part XI, Line 2d - Other Adjustments: Scholarships and grants netted with tuition revenue -5,843,572. Change in value of interest rate swap 69,513. Part XI, Line 4b - Other Adjustments: Fundraising expenses reported on Part VIII, Line 8b -106,915. Rental expenses reported on Part VIII, line 6b -123,963. Part XII, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, line 6b 106,915. Fundraising expenses reported on Part VIII, Line 8b 123,963. Part XII, Line 4b - Other Adjustments: Scholarships and Grants 5,843,572. 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 The Non-Discrimination policy is published in Hope International University's advertisements in printed media, the University Student Handbook, newspaper and magazine advertisements, and various electronic media. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Federal financial aid funds under Title IV are received by the University and awarded and disbursed to its students. Golf Tournament 25684 20508 5176 1358 3000 2389 12081 Spirit of Hope 107670 102966 4704 3948 77183 20975 1 15535 15535 2158 871 148889 139009 9880 5306 80183 4547 33927 123963 -114083 1 Scholarships 555 5104233 Cash Tuition Discount 144 739339 Cash Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The federal aid office of the University requires students to complete the Free Application for Federal Student Aid (FAFSA) form to determine eligibility for Federal, State, and Institutional grants, scholarships, and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the Institution does require some other guidelines in the event that funds are offered based upon certain academic credentials or performance in a University sponsored activity. These credentials are clearly stated in the University catalog and the University website. Enrollment and eligibility are monitored by the University. X 1 1 X X 0 0 0 0 0 0 0 0 0 John Derry 153514 0 0 0 0 0 22500 0 87652 0 263666 0 0 0 Frank Scotti 144285 0 0 0 0 0 11990 0 47163 0 203438 0 0 0 Paul Alexander 100004 0 0 0 0 0 12333 0 52715 0 165052 0 0 0 Part I, Line 1a Housing Allowance: The University pays a portion of the salary of ordained ministers as housing allowance per amount claimed on annual form and approved by the President. The allowance is approved by the board of directors and documented in the board minutes. John Derry Pres Housing relocation upon acceptance of employment contract X 250000 215000 0 1 1 215000 Tuition Grant 29400 Form 990, Part VI, Section B, line 11 Form 990 is prepared by an independent public accountant and reviewed by the Vice President of Business and Finance and University President. The University does not consider it necessary to provide the return to the Board of Directors prior to filing. Form 990, Part VI, Section B, line 12 The organization adopted a conflict of interest policy on August 15, 2011, requiring annual submission of the conflict of interest form. Further, accounts payable has been provided with a list of board members and officers and notifies the Controller of all transactions with related parties for review. If it is felt a potential conflict may exist, it is brought to the attention of the Vice President of Business and Finance for review. Form 990, Part VI, Section B, line 15 Compensation programs are determined by utilizing compensation median and mean data provided by the Council for Christian Colleges and Universities. HIU's President reviews this data with the independent Executive Committee of our Board of Trustees to ensure appropriate compensation levels are being approved. The independent Board of Trustees also reviews this data to ensure the President's compensation is reasonable. All Board approved compensation is documented in the minutes. Form 990, Part VI, Section C, line 19 The organization makes its conflict of interest policy and financial statements available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in value of interest rate swap 69,513. Explanation for Responsibility 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.