HOPE INTERNATIONAL UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- HOPE INTERNATIONAL UNIVERSITY (EIN 95-1916051)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2013-01-07
- IRS object ID
- 201320079349300837
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-07T16:17:14-06:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363990892 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 972 Emerson Parkway STE A | AddressLine1 |
| City | Greenwood | City |
| State | IN | State |
| ZIP Code | 46143 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951916051 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hope International University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HOPE | NameControl |
| Phone | 7148793901 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 E Nutwood Ave | AddressLine1 |
| City | Fullerton | City |
| State | CA | State |
| ZIP Code | 92831 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Frank Scotti | Name |
| Title | VP for Business and Finance | Title |
| Phone | 7148793901 | Phone |
| Date Signed | 2012-12-12 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | David C Moja | Name |
| PTIN | P00747006 | PTIN |
| Phone | 3178852620 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | John Derry | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 E Nutwood Ave | AddressLine1 |
| City | Fullerton | City |
| State | CA | State |
| ZIP Code | 92831 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 24740252 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.hiu.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1928 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | Empowering students through Christian higher education to serve the Church & world for Christ. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 556 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2807931 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1468131 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 18125460 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 22613188 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 99470 | InvestmentIncomePriorYear |
| Investment Income Current Year | 205102 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 32366 | OtherRevenuePriorYear |
| Other Revenue Current Year | 43446 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 21065227 | TotalRevenuePriorYear |
| Total Revenue Current Year | 24329867 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4745377 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5689590 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8949401 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 10008384 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 532431 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7942067 | OtherExpensePriorYear |
| Other Expenses Current Year | 7968502 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 21636845 | TotalExpensesPriorYear |
| Total Expenses Current Year | 23666476 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -571618 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 663391 | RevenuesLessExpensesCY |
| Total Assets BOY | 19267718 | TotalAssetsBOY |
| Total Assets EOY | 21244626 | TotalAssetsEOY |
| Total Liabilities BOY | 9184122 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10420473 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10083596 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10824153 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 11821742 | Expense |
| Grants | 5689590 | Grants |
| Revenue | 22615592 | Revenue |
| Description | 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 1,959 undergraduate and graduate students in degree and certificate programs provided both on-ground and online through two main campuses in Southern California. | Description |
| Total Program Service Expense | 11821742 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 96 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 556 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Frank Scotti | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7148793901 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2500 E Nutwood Ave | AddressLine1 |
| City | Fullerton | City |
| State | CA | State |
| ZIP Code | 92831 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Dr Otis Baskin | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Lingkit Chan | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Ken Clement | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Richard Davis | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Gray Farley | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Calvin Jernigan | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Graydon Jessup | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Julie Kuns | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Richard Lukas | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Kevin Odor | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Charles Puckett | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| John Ruhlen | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Rick Rusaw | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Laretta Shrader | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Patricia Soderquist | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Tim Winters | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| Thaddeus Yurek | |||||||
| Board of Trustees Member | 2.00 | X | 0 | 0 | 0 | ||
| John Derry | |||||||
| President | 40.00 | 131232 | 0 | 109322 | X | ||
| Frank Scotti | |||||||
| VP for Business & Fin. | 40.00 | 142419 | 0 | 22000 | X | ||
| Michael Mulryan | |||||||
| VP for Institutional Adv. | 40.00 | 125577 | 0 | 7725 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 399228 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 139047 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Bon Appetit | |||||
| 14730 Beach Blvd 107 | La Mirada | CA | 90638 | Cafeteria Services | 565800 |
| Veolia Energy Los Angeles Inc | |||||
| PO Box 100006 | Pasadena | CA | 91189 | Central Plan Management Service | 498885 |
| Pioneer College Caterers | |||||
| 303 Glenrose Avenue | Nashville | TN | 37210 | Cafeteria Services | 463230 |
| NCA Pearson Inc | |||||
| 13036 Collection Center | Chicago | IL | 60693 | Online course hosting licenses | 310198 |
| Direct Print & Promotion | |||||
| 545 W Allen Ave 5 | San Dimas | CA | 91773 | Printing Services | 249359 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 14 | NumberOfContractorsGT100K |
| Fundraising Events | 144077 | FundraisingEvents |
| All Other Contributions | 1324054 | AllOtherContributions |
| Noncash Contributions | 520090 | NoncashContributions |
| Total Contributions | 1468131 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and fees | 611600 | 19264215 | 19264215 |
| Auxiliary | 611600 | 3047595 | 3047595 |
| Other program revenue | 900099 | 301378 | 301378 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 22613188 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 157494 | TotalRevenueColumn |
| Exclusion | $157,494 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 210200 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 41918 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 168282 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 168282 | TotalRevenueColumn |
| Exclusion | $168,282 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 278823 | Securities |
| Other | 3246 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 233619 | Securities |
| Other | 842 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 45204 | Securities |
| Other | 2404 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 47608 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2404 | RelatedOrExemptFunctionIncome |
| Exclusion | $45,204 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 9170 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 144077 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 134006 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -124836 | TotalRevenueColumn |
| Exclusion | -$124,836 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24329867 | TotalRevenueColumn |
| Related Or Exempt Function Income | 22615592 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $246,144 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5689590 | Total |
| Program Services | 5689590 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 603240 | Total |
| Management And General | 436864 | ManagementAndGeneral |
| Fundraising | 166376 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8164019 | Total |
| Program Services | 4471690 | ProgramServices |
| Management And General | 3508176 | ManagementAndGeneral |
| Fundraising | 184153 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18700 | Total |
| Management And General | 18700 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 718730 | Total |
| Program Services | 326384 | ProgramServices |
| Management And General | 383932 | ManagementAndGeneral |
| Fundraising | 8414 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 503695 | Total |
| Program Services | 252946 | ProgramServices |
| Management And General | 234841 | ManagementAndGeneral |
| Fundraising | 15908 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7664 | Total |
| Management And General | 7664 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47651 | Total |
| Management And General | 47651 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2322377 | Total |
| Program Services | 558751 | ProgramServices |
| Management And General | 1712459 | ManagementAndGeneral |
| Fundraising | 51167 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 306057 | Total |
| Program Services | 12433 | ProgramServices |
| Management And General | 284098 | ManagementAndGeneral |
| Fundraising | 9526 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 358180 | Total |
| Program Services | 79152 | ProgramServices |
| Management And General | 256521 | ManagementAndGeneral |
| Fundraising | 22507 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1404825 | Total |
| Program Services | 44523 | ProgramServices |
| Management And General | 1360302 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 300843 | Total |
| Program Services | 61750 | ProgramServices |
| Management And General | 219961 | ManagementAndGeneral |
| Fundraising | 19132 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66135 | Total |
| Program Services | 37556 | ProgramServices |
| Management And General | 27490 | ManagementAndGeneral |
| Fundraising | 1089 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 445134 | Total |
| Management And General | 445134 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1012139 | Total |
| Management And General | 1012139 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133920 | Total |
| Program Services | 310 | ProgramServices |
| Management And General | 133610 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Miscellaneous | 453727 | 238684 | 167414 | 47629 |
| Special Events | 291569 | 46467 | 238572 | 6530 |
| Tuition Remission | 277419 | 277419 | ||
| Repairs & Maintenance | 210257 | 525 | 209732 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 330605 | Total |
| Program Services | 981 | ProgramServices |
| Management And General | 329624 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23666476 | Total |
| Program Services | 11821742 | ProgramServices |
| Management And General | 11312303 | ManagementAndGeneral |
| Fundraising | 532431 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1654797 | BOY |
| EOY | 363007 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 552422 | BOY |
| EOY | 3437285 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96381 | BOY |
| EOY | 90030 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 842978 | BOY |
| EOY | 681995 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 235000 | BOY |
| EOY | 235000 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 327131 | BOY |
| EOY | 321267 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 212362 | BOY |
| EOY | 653550 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 26628728 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 14143247 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12676991 | BOY |
| EOY | 12485481 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 758867 | BOY |
| EOY | 908334 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 395118 | BOY |
| EOY | 422476 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1515671 | BOY |
| EOY | 1646201 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19267718 | BOY |
| EOY | 21244626 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1521317 | BOY |
| EOY | 1859523 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 284073 | BOY |
| EOY | 504347 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5947831 | BOY |
| EOY | 1124619 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 184900 | BOY |
| EOY | 5935931 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1246001 | BOY |
| EOY | 996053 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9184122 | BOY |
| EOY | 10420473 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3020422 | BOY |
| EOY | 4123488 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2311525 | BOY |
| EOY | 1959757 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4751649 | BOY |
| EOY | 4740908 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10083596 | BOY |
| EOY | 10824153 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19267718 | BOY |
| EOY | 21244626 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 663391 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 77166 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6419032 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 264640 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 619089 | GrantsOrScholarships |
| End Of Year Balance | 6064583 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4971693 | BeginningOfYearBalance |
| Contributions | 1156012 | Contributions |
| Investment Earnings Or Losses | 352156 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 60829 | GrantsOrScholarships |
| End Of Year Balance | 6419032 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4641193 | BeginningOfYearBalance |
| Contributions | 280037 | Contributions |
| Investment Earnings Or Losses | 100917 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 50454 | GrantsOrScholarships |
| End Of Year Balance | 4971693 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4509489 | BeginningOfYearBalance |
| Contributions | 25839 | Contributions |
| Investment Earnings Or Losses | 105865 | InvestmentEarningsOrLosses |
| End Of Year Balance | 4641193 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.06000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.94000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1395070 | OtherCostOrOtherBasis |
| Book Value | 1395070 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8609851 | OtherCostOrOtherBasis |
| Depreciation | 2945481 | Depreciation |
| Book Value | 5664370 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 54527 | OtherCostOrOtherBasis |
| Depreciation | 42458 | Depreciation |
| Book Value | 12069 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4767086 | OtherCostOrOtherBasis |
| Depreciation | 4224518 | Depreciation |
| Book Value | 542568 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11802194 | OtherCostOrOtherBasis |
| Depreciation | 6930790 | Depreciation |
| Book Value | 4871404 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 12485481 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Trust and Annuity Assets | 1112840 |
| Interest Receivable | 32117 |
| Other Receivable | 39244 |
| Beneficial Interest in Trust | 462000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1646201 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Federal and Student Loan Obligations | $271,386 |
| Trust and Annuity Liabilities | $724,667 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 996053 | TotalOfAmounts |
| Total Revenue | 24329867 | TotalRevenue |
| Total Expenses | 23666476 | TotalExpenses |
| Excess Or Deficit For Year | 663391 | ExcessOrDeficitForYear |
| Other | $77,166 | OtherAmount |
| Total Adjustments | 77166 | TotalAdjustments |
| Excess Or Deficit Per FS | 740557 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 18893367 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | -5612424 | OtherRevenues |
| Revenue Not Rptd F990 | -5612424 | RevenueNotRptdF990 |
| Revenue Subtotal | 24505791 | RevenueSubtotal |
| Other Revenues Not Included | -175924 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -175924 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 24329867 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 18152810 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 175924 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 175924 | ExpensesNotRptdF990 |
| Expenses Subtotal | 17976886 | ExpensesSubtotal |
| Other Expenses Not Included | 5689590 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 5689590 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 23666476 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. |
| Part XI, Line 8 - Other Adjustments: | Change in value of interest rate swap 77,166. | |
| Part XII, Line 2d - Other Adjustments: | Scholarships and grants netted with tuition revenue -5,689,590. Change in value of interest rate swap 77,166. | |
| Part XII, Line 4b - Other Adjustments: | Fundraising expenses reported on Part VIII, Line 8b -134,006. Rental expenses reported on Part VIII, line 6b -41,918. | |
| Part XIII, Line 2d - Other Adjustments: | Rental expenses reported on Part VIII, line 6b 41,918. Fundraising expenses reported on Part VIII, Line 8b 134,006. | |
| Part XIII, Line 4b - Other Adjustments: | Scholarships and Grants 5,689,590. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | The Non-Discrimination policy is published in Hope International University's advertisement through the newspaper and 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. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf Tournament | NameOfEvent1 |
| Gross Receipts Event1 | 32600 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 26030 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 6570 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 642 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 3000 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 1027 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 9261 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Spirit of Hope | NameOfEvent2 |
| Gross Receipts Event2 | 107967 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 105367 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 2600 | GrossRevenueEvent2 |
| Non Cash Prizes Event2 | 607 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 76679 | RentFacilityCostsEvent2 |
| Other Direct Expenses Event2 | 42789 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 12680 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 12680 | CharitableContribOtherEvents |
| Gross Receipts Total | 153247 | GrossReceiptsTotal |
| Charitable Contributions Total | 144077 | CharitableContributionsTotal |
| Gross Revenue Total Events | 9170 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 1249 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 79679 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 1027 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 52050 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 134005 | DirectExpenseSummaryEvents |
| Net Income Summary | -124835 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Student Financial Aid | TypeOfGrant |
| Number Of Recipients | 406 | NumberOfRecipients |
| Amount Of Cash Grant | 5689590 | AmountOfCashGrant |
| Method Of Valuation | Cash | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John Derry | |||||||||||||
| 131232 | 0 | 0 | 0 | 0 | 0 | 22000 | 0 | 87322 | 0 | 240554 | 0 | 0 | 0 |
| Frank Scotti | |||||||||||||
| 142419 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22000 | 0 | 164419 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | 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. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | John Derry Pres | NamePerson |
| Purpose Of Loan | Housing relocation upon acceptance of employment contract | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $250,000 | OriginalPrincipalAmount |
| Balance Due | 235000 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 235000 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Lou Scotti owner of Scotti Assoc | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Lou Scotti is an officer's brother | Relationship |
| Amount Of Transaction | 40338 | AmountOfTransaction |
| Description Of Transaction | Consulting | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 4 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 44911 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Stock market value | MethodOfDeterminingRevenues |
Real Estate Commercial RealEstateCommercial
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 462000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenues |
Real Estate Other RealEstateOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 900 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Market Value | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Gift Cards & Certificates | 37 | 3777 | Cost |
| X | Beneficiary IRA | 8106 | Market Value | |
| X | Supplies | 1 | 395 | Cost |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Method for Determining Number of Contributors: | Identifier |
| Return Reference | Part I, Column (b): | ReturnReference |
| Explanation | The number of contributors represents the number of items contributed. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | |
| Form 990, Part XI, line 5: | Change in value of interest rate swap 77,166. Total to Form 990, Part XI, Line 5: 77,166. | Changes in Net Assets or Fund Balances: |
| 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. | Explanation for Responsibility |
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