2013-05-14T14:07:42-05:00 2012-06-30 420714325 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2011-07-01 951643389 UNIVERSITY OF REDLANDS UNIV 9093355264 PO BOX 3080 REDLANDS CA 923730999 CORY R NOMURA 9097488066 2013-05-08 1 KAY HEGARTY P00091057 3192985333 2011 2016-02-24 21:20:13Z JAMES APPLETON PO BOX 3080 REDLANDS CA 923730999 156093841 0 X WWW.REDLANDS.EDU X 1907 CA THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT LIBERAL ARTS AND SCIENCES UNIVERSITYCOMMITTED TO A MISSION THAT EMPHASIZES ACADEMIC RIGOR, PERSONAL DEVELOPMENT AND INTERDISCIPLINARY STUDIES. 36 35 2997 600 7610 -21959 10798954 8426456 134236633 145889295 3623157 -3041159 276895 251475 148935639 151526067 40475376 45836493 0 0 59321230 61429017 0 0 2878823 50300160 51707255 150096766 158972765 -1161127 -7446698 307543761 302840780 120175900 120398933 187367861 182441847 X SEE SCHEDULE O FOR THE FULL MISSION STATEMENT AS ADOPTED BY THE BOARD OF TRUSTEES. 0 0 43047224 143708952 INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 4,470 FULL TIME AND PART TIME STUDENTS. 45836493 45836493 SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 2,000 STUDENTS. 16495491 2180343 STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS. 18417612 PUBLIC SUPPORT AND STUDENT SERVICES. 18417612 123796820 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 286 0 1 2997 1 1 1 1 AU 0 0 0 0 0 0 0 0 X 36 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CORY NOMURA CFOTREASURER 9097488066 1200 E COLTON AVE REDLANDS CA 92373 BRADLEY ADAMS 1.00 X 0 0 0 HARRISON BAINS 1.00 X 0 0 0 WENDELL BARNER 1.00 X 0 0 0 TERRY BELMONT 1.00 X 0 0 0 CAROLE BESWICK 1.00 X 0 0 0 LARRY BURGESS 1.00 X X 3000 0 0 STACEY DUFF 1.00 X 0 0 0 DAVID ENZMINGER 1.00 X 0 0 0 RICHARD FISHER 1.00 X X 0 0 0 BECKY CAMPBELL GARNETT 1.00 X 0 0 0 THOMAS GILMER 1.00 X 0 0 0 KENNETH HALL 1.00 X 0 0 0 WILLIAM HARDY 1.00 X 0 0 0 DEBBIE HEAP 1.00 X 0 0 0 VIRGINIA HUNSAKER 1.00 X 0 0 0 RICHARD HUNSAKER 1.00 X 0 0 0 DEAN IRVING 1.00 X 0 0 0 LAWRENCE KING 1.00 X 0 0 0 TERRY KUPFER 1.00 X 0 0 0 LELAND LAUNER 1.00 X 0 0 0 ANN LUCAS 1.00 X 0 0 0 PATRICK MORRIS 1.00 X 0 0 0 ALICE MOZLEY 1.00 X 0 0 0 ROBERT ODA 1.00 X 0 0 0 STEPHEN OLSON 1.00 X 0 0 0 DANIEL RENDLER 1.00 X 0 0 0 SABINE ROBERTSON-PHILLIPS 1.00 X 0 0 0 DARREN ROSE 1.00 X 10000 0 0 ROGER SALAZAR 1.00 X 0 0 0 JAMES SCHROEDER 1.00 X 0 0 0 JESS SENECAL 1.00 X 0 0 0 LINDA NELSON SIMMS 1.00 X 0 0 0 CHRIS STRAND 1.00 X 0 0 0 RONALD TROUPE 1.00 X 0 0 0 JEFFREY WAGNER 1.00 X 0 0 0 STANLEY WEISSER 1.00 X 0 0 0 JAMES APPLETON 40.00 X 361674 0 102611 CHARLOTTE BURGESS 40.00 X 157288 0 16536 PHILLIP DOOLITTLE 40.00 X 275736 0 28710 DAVID FITE 40.00 X 201799 0 24646 GAIL GUGE 40.00 X 210637 0 8985 NEIL MACREADY 40.00 X 198423 0 28428 CORY NOMURA 40.00 X 173678 0 12537 EDWIN CALLAHAN 40.00 X 169110 0 0 HAMID ETESAMNIA 40.00 X 163600 0 28718 STUART NOBLE-GOODMAN 40.00 X 157002 0 28705 KATHY OGREN 40.00 X 160788 0 22392 JACK OSBORN 40.00 X 151143 0 25730 LOUANNE LONG 40.00 X 148105 0 6909 BETHANN COREY 40.00 X 143207 0 12770 CHRISTOPHER WALKER 40.00 X 140931 0 5084 KEVIN O'NEILL 40.00 X 140434 0 4662 STUART DORSEY 40.00 X 171164 0 22880 3137719 0 380303 62 1 1 0 BON APPETIT 2730 SAND HILL RD STE 100 MENLO PARK CA 94025 FOOD SERVICE 5520339 TOVEY SHULTZ CONSTRUCTION INC 18261 COLLIER AVE UNIT A LAKE ELSINORE CA 92530 CONSTRUCTION 2509308 CLEAR CHANNEL WORLDWIDE 12370 HESPERIA RD17 VICTORVILLE CA 92392 ADVERTISING 1073222 TRIBUNE DIRECT 5091 4TH ST IRWINDALE CA 91706 ADVERTISING AND PROMOTION 1059850 SODEXO INC & AFFILIATES 300 W HAWTHORNE SPOKANE WA 99251 JANITORIAL 1042805 76 2367520 6058936 137168 8426456 TUITION & FEES 611600 142140436 142140436 AUXILIARY PROGRAMS 611710 2180343 2180343 ASSOCIATED STUDENT 611600 886094 886094 CONFERENCES 611600 682422 682422 145889295 1526615 1526615 144645 144645 99220 0 99220 99220 99220 4567774 -4567774 -4567774 -4567774 ADVERTISING 541800 6821 6821 PARTNERSHIPS-FORM K-1 525990 789 789 7610 151526067 145889295 7610 -2797294 45836493 45836493 2926964 954868 1711778 260318 46570342 35898365 9378092 1293885 2612611 1945533 585042 82036 5734337 4270189 1284090 180058 3584763 2669465 802736 112562 275190 3936 271254 426372 426372 76502 76502 589577 589577 3246861 1554128 1556695 136038 5405202 238114 5160641 6447 3437869 1181410 1832069 424390 1231786 1379 1230407 7868369 2589793 5274152 4424 2284900 1962300 253662 68938 143693 108898 25842 8953 3584339 3183494 400845 9475013 9475013 1325067 1007051 283034 34982 FOOD SERVICE 5513301 5391168 88919 33214 STUDENT PROGRAMS 5305672 4966107 142554 197011 BAD DEBT EXPENSE 265739 52025 213714 MEMBERSHIPS 220136 46617 155882 17637 1031667 460474 553263 17930 158972765 123796820 32297122 2878823 1084839 2083948 9716726 15466324 5505938 4714266 4064886 4079451 2096500 1901302 93034 102191 2325151 2300339 279708496 131679140 150767135 148029356 24356423 18522049 92495359 90923637 13510092 13297474 1527678 1420443 307543761 302840780 13932011 16353864 4276823 4465869 73920567 72279575 6007485 5615862 22039014 21683763 120175900 120398933 X 60155589 55215426 32168747 30461078 95043525 96765343 187367861 182441847 307543761 302840780 X -7446698 2520684 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 76502 0 0 0 76502 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: LOBBYING ACTIVITIES WERE CARRIED OUT THROUGH PATTON BOGGS, LLP AND SHOCKEY SCOFIELD SOLUTIONS LLC. THE PURPOSE OF THE LOBBYING EFFORTS WAS TO SECURE FUNDING FOR VARIOUS PROGRAMS. 0 0 X X 0 111543339 1510384 -503748 2046328 2983457 107520190 96476920 5579322 15231580 2099400 3645083 111543339 91718845 1596175 9114030 2173038 3779092 96476920 124403138 1695948 -26882852 2354002 5143387 91718845 0.18000 0.82000 0 0 226619 2401008 2627627 9251973 212911313 92521323 129641963 7480860 3833949 3646911 43353878 35323868 8030010 50000 4032845 4082845 148029356 OTHER INVESTMENTS 423395 C ASSETS HELD BY OTHERS-TRUSTS 1169372 F LTD P-SHIP-PRIVATE EQUITY 9982802 F LTD P-SHIP-MULTI-HEDGE STRATEGIES 17019795 F INFLATION HEDGING 12420675 F COMMON TRUST FUNDS 23176286 F GLOBAL EQUITIES 18874167 F FIXED INCOME 7857145 F 90923637 LEGAL RESERVE FOR ANNUITIES PAYABLE 1778301 REFUNDABLE U.S. GOVT STUDENT LOANS 5218294 ACTUARIAL LIABILITY FOR TRUSTS PAYABLE 11529979 ASSET RETIREMENT OBLIGATION 2853832 UNEARNED REVENUE-POOLED INCOME FUNDS 303357 21683763 151526067 158972765 -7446698 3082919 -562235 2520684 -4926014 106877189 3082919 3082919 103794270 470561 47261236 47731797 151526067 111803203 0 111803203 470561 46699001 47169562 158972765 PART III, LINE 4: THE UNIVERSITY MAINTAINS A LIMITED COLLECTION OF ART AND HISTORICAL TREASURES TO BE USED FOR ACADEMIC AND RESEARCH PURPOSES AS WELL AS PRESERVING COLLECTION ITEMS FOR FUTURE GENERATIONS. UPON THE ADOPTION OF SFAS 116, THE UNIVERSITY ELECTED TO CAPITALIZE COLLECTION ITEMS PROSPECTIVELY. SUBSEQUENT TO MAKING THE ELECTION, THE UNIVERSITY HAS NOT RECORDED ANY SIGNIFICANT COLLECTION ITEMS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED FOR SCHOLARSHIPS, EDUCATIONAL ACTIVITIES AND INSTITUTIONAL SUPPORT PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS TAXABLE INCOME (UBIT) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THE UNIVERSITY'S MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBI. AS OF JUNE 30, 2012 AND 2011, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30,2008 AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET ASSOCIATED STUDENT REVENUE/EXPENSES -23,586. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -537,860. BOOK/TAX DIFFERENCE ON K-1 -789. TOTAL TO SCHEDULE D, PART XI, LINE 8: -562,235. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSOCIATED STUDENT REVENUE 886,094. BOOK/TAX DIFFERENCE FROM K-1 789. INSTITUTIONAL GRANTS 45,836,493. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 537,860. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 45,836,493. ASSOCIATED STUDENT EXPENSES 862,508. 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 UNIVERSITY PUBLISHES STATEMENTS THAT THE UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMISSIONS PROCESS IN THE UNIVERSITY CATALOG, ADMISSIONS BROCHURES, AND APPLICATION FORMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 GRANTS RECEIVED FROM FEDERAL AND STATE AGENCIES FOR FINANCIAL ASSISTANCE TO STUDENTS. EUROPE 1 2 PROGRAM SERVICES UNDERGRADUATE STUDY ABROAD 692694 1 2 0 0 1 2 692694 0 692694 1 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE ORGANIZATION MONITORS FOREIGN EXPENDITURES ON A MONTHLY BASIS. ONCE DURING EACH SEMESTER, THE UNIVERSITY OF REDLANDS TRANSFERS EUROS TO THE FOREIGN OFFICE FOR THE ESTIMATED AMOUNT OF THE FOREIGN OFFICE'S EXPENDITURES FOR THE SEMESTER. AT THE END OF EACH MONTH, THE FOREIGN OFFICE SENDS THE UNIVERSITY OF REDLANDS A LEDGER OF ACTUAL EXPENDITURES AND A CASH RECONCILIATION FOR THE BANK ACCOUNT. THE UNIVERSITY OF REDLANDS EVALUATES AND RECONCILES THE FOREIGN ACCOUNT CASH BALANCE AND UPDATES THE GENERAL LEDGER MONTHLY BASED ON THE ACTUAL DATA RECEIVED. AT THE END OF EACH SCHOOL YEAR, THE FOREIGN OFFICE PROVIDES THE UNIVERSITY OF REDLANDS WITH RECEIPTS AND DOCUMENTATION FOR ALL EXPENDITURES FOR THE YEAR. 1 UNDERGRADUATE NEED BASED SCHOLARSHIPS 1862 39598135 N/A N/A UNDERGRADUATE MERIT BASED SCHOLARSHIPS 642 5532859 N/A N/A GRADUATE NEED BASED SCHOLARSHIPS 250 705499 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: DISBURSEMENTS TO STUDENTS RECEIVING FINANCIAL AID ARE MADE IN ACCORDANCE WITH INSTITUTIONAL PROCEDURES TO ENSURE THAT THOSE RECEIVING THE AID ARE QUALIFYING RECIPIENTS. FINANCIAL AID AWARDING POLICIES LIMIT GRANTS AND SCHOLARSHIPS TO THE MAXIMUM OF ANNUAL TUITION. GRANTS AND SCHOLARSHIPS ARE APPLIED DIRECTLY TO A STUDENT ACCOUNT AND FUNDS ARE NOT DISTRIBUTED DIRECTLY TO STUDENTS. OVERPAYMENT OR CREDIT BALANCES OF STUDENT ACCOUNTS BALANCES ARE ANALYZED PRIOR TO DISTRIBUTING REFUNDS TO STUDENTS TO ENSURE THAT GRANTS AND SCHOLARSHIPS ARE PROPERLY AWARDED AND UTILIZED FOR EDUCATIONAL PURPOSES. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 JAMES APPLETON 291600 0 0 0 70074 0 101711 0 900 0 464285 0 0 0 CHARLOTTE BURGESS 156372 0 0 0 916 0 11095 0 5441 0 173824 0 0 0 PHILLIP DOOLITTLE 270754 0 0 0 4982 0 17713 0 10997 0 304446 0 0 0 DAVID FITE 201056 0 0 0 743 0 14329 0 10317 0 226445 0 0 0 GAIL GUGE 208150 0 0 0 2487 0 8803 0 182 0 219622 0 0 0 NEIL MACREADY 194249 0 0 0 4174 0 14000 0 14428 0 226851 0 0 0 CORY NOMURA 168625 0 0 0 5053 0 11839 0 698 0 186215 0 0 0 EDWIN CALLAHAN 169110 0 0 0 0 0 0 0 0 0 169110 0 0 0 HAMID ETESAMNIA 162638 0 0 0 962 0 11995 0 16723 0 192318 0 0 0 STUART NOBLE-GOODMAN 150837 0 0 0 6165 0 11135 0 17570 0 185707 0 0 0 KATHY OGREN 160344 0 0 0 444 0 11183 0 11209 0 183180 0 0 0 JACK OSBORN 150296 0 0 0 847 0 10507 0 15223 0 176873 0 0 0 LOUANNE LONG 148105 0 0 0 0 0 4456 0 2453 0 155014 0 0 0 BETHANN COREY 143093 0 0 0 114 0 10139 0 2631 0 155977 0 0 0 STUART DORSEY 170570 0 0 0 594 0 11452 0 11428 0 194044 0 0 0 PART I, LINE 1A JAMES APPLETON, PRESIDENT, RECEIVED A HOUSING ALLOWANCE WHICH WAS INCLUDED IN HIS TAXABLE COMPENSATION. THE UNIVERSITY PAID COUNTRY CLUB DUES ON BEHALF OF JAMES APPLETON, PRESIDENT, PHILLIP DOOLITTLE, EXECUTIVE VICE PRESIDENT, DAVID FITE, VP OF ACADEMIC AFFAIRS, AND NEIL MACREADY, VP OF UNIVERSITY RELATIONS. THE PERSONAL USE PORTION OF THE VALUE OF THE COUNTRY CLUB DUES IS INCLUDED IN REPORTABLE COMPENSATION FOR THESE EMPLOYEES ON FORM 990, PART VII, SECTION A, LINE 1, COLUMN (D) AND ON SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 4B JAMES APPLETON $72,450 457(F) CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130175YV8 2003-03-27 17475467 STUDENT HOUSING, ENERGY FACILITY, STUDENT CENTER, PARKING, CLASSROOMS 0 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130175D58 2003-06-11 17193800 REFUND OF PRIOR 1995 BOND ISSUE 0 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301755C2 2005-07-07 28430427 TO EQUIP ENERGY FACILITY, PHONE SYSTEM, RESIDENCE HALLS, CLASSROOMS 0 0 0 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178NF9 2008-05-22 20434949 ART CTR, LIBRARY, ENERGY FACILITY 0 0 0 17475467 800467 16675000 2008 0 0 1 1 17193800 16573162 620638 2003 0 1 1 1 28430427 16822357 491477 11116593 2008 0 1 1 1 20434949 434949 20000000 2009 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X X 18 129383 FMV X CAMERAS AND EQUIPMENT 1 5000 FMV X 5 CASES OF WINE 1 2532 FMV X MISCELLANEOUS ITEMS 2 252 FMV 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE QUANTITIES LISTED REPRESENT THE NUMBER OF INSTANCES THAT A CONTRIBUTION OF SUCH PROPERTY WAS RECEIVED. THE NUMBERS DO NOT NECESSARILY REFLECT THE NUMBER OF CONTRIBUTORS OR THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 (1) JAMES APPLETON, PRESIDENT, PHILLIP DOOLITTLE, EXECUTIVE VP/COO, NEIL MACREADY, VP UNIV RELATIONS, AND CORY NOMURA, CFO/TREASURER SERVE AS NON COMPENSATED DIRECTORS OF REDLANDS PROPERTY MANAGEMENT, INC., A CORPORATION (A) CREATED TO HOLD TITLE TO PROPERTIES ACQUIRED BY THE UNIVERSITY OF REDLANDS (B) WHO DOES NOT CONDUCT ANY BUSINESS. ANY PROPERTIES HELD WOULD BE DIRECTLY MANAGED BY THE UNIVERSITY OF REDLANDS AND ACCOUNTED FOR DIRECTLY IN ITS BOOKS AND RECORDS. (2) CHARLOTTE BURGESS, VP STUDENT LIFE AND LARRY BURGESS, SECRETARY HAVE A FAMILY RELATIONSHIP. (3) RICHARD HUNSAKER, TRUSTEE AND VIRGINIA HUNSAKER, TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY UNIVERSITY MANAGEMENT, LEGAL COUNSEL AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE FORM 990 RETURN. THE FINAL COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE IS ANNUALLY DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR ADMINISTRATIVE PERSONNEL TO DETERMINE RELATED PARTY/CONFLICT OF INTEREST DISCLOSURES. QUESTIONNAIRE RESPONSES ARE REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES TO DETERMINE IF ANY POTENTIAL CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS ESTABLISHED ANNUALLY BY THE EXECUTIVE EVALUATION & COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPARATIVE SALARY AND BENEFIT INFORMATION IS REVIEWED IN ESTABLISHING THE APPROPRIATE LEVEL OF COMPENSATION FOR OFFICERS. ALL OFFICER COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION DELIBERATION AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 3,082,919. NET ASSOCIATED STUDENT REVENUE/EXPENSES -23,586. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -537,860. BOOK/TAX DIFFERENCE ON K-1 -789. TOTAL TO FORM 990, PART XI, LINE 5: 2,520,684. FULL MISSION STATEMENT AS ADOPTED BY THE BOARD FORM 990, PART III, LINE 1 THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT UNIVERSITY COMMITTED TO PROVIDING A PERSONALIZED EDUCATION THAT FREES STUDENTS TO MAKE ENLIGHTENED CHOICES. REDLANDS EMPHASIZES ACADEMIC RIGOR, CURRICULAR DIVERSITY, AND INNOVATIVE TEACHING. REDLANDS FOSTERS A COMMUNITY OF SCHOLARS AND ENCOURAGES A PLURALISTIC NOTION OF VALUES BY CHALLENGING ASSUMPTIONS AND STEREOTYPES IN BOTH CLASSES AND ACTIVITIES. A REDLANDS EDUCATION GOES BEYOND TRAINING TO EMBRACE A REFLECTIVE UNDERSTANDING OF OUR WORLD; IT PROCEEDS FROM INFORMATION TO INSIGHT, FROM KNOWLEDGE TO MEANING. WELCOMING INTELLECTUALLY CURIOUS STUDENTS OF DIVERSE RELIGIOUS, ETHNIC, NATIONAL, AND SOCIO-ECONOMIC BACKGROUNDS, THE UNIVERSITY SEEKS TO DEVELOP RESPONSIBLE CITIZENSHIP AS PART OF A COMPLETE EDUCATION. REDLANDS ENCOURAGES A COMMUNITY ATMOSPHERE WITH EXCEPTIONAL OPPORTUNITY FOR STUDENT LEADERSHIP AND INTERACTION. FOR WORKING ADULTS, THE UNIVERSITY OFFERS INNOVATIVE PROGRAMS AT CONVENIENT LOCATIONS AND TIMES. REDLANDS BLENDS LIBERAL ARTS AND PROFESSIONAL PROGRAMS, APPLIED AND THEORETICAL STUDY, TRADITIONAL MAJORS AND SELF-DESIGNED CONTRACTS FOR GRADUATION. SMALL CLASSES ENABLE EACH STUDENT TO PARTICIPATE IN CLASS DISCUSSION, TO WORK CLOSELY WITH PROFESSORS, AND TO RECEIVE EXTENSIVE INDIVIDUAL ATTENTION. REDLANDS REMAINS SENSITIVE TO CONTEMPORARY TRENDS IN SOCIETY AND CHALLENGES STUDENTS TO COMMIT THEMSELVES TO A LIFETIME OF LEARNING. OTHER COMPENSATION/NON-TAXABLE BENEFITS FORM 990, PART VII AND PART IX, AND SCHEDULE J THE UNIVERSITY PROVIDES TUITION REMISSION, ASSISTANCE, AND/OR EXCHANGE TO ITS EMPLOYEES AND THEIR FAMILY MEMBERS AS A NON-TAXABLE BENEFIT. AMOUNTS FOR SUCH TUITION ARE REPORTED ON FORM 990, PART VII, SECTION A, LINE 1, COLUMN (F), FORM 990, PART IX, LINE 5 OR 9, AND SCHEDULE J, PART II, COLUMN (D), AS APPLICABLE. COMPENSATION FOR LARRY BURGESS, SECRETARY AND DARREN ROSE, TRUSTEE PART VII, SECTION A, LINE 1 LARRY BURGESS WAS PAID $3,000 AS AN EMPLOYEE FOR TEACHING SERVICES AS AN ADJUNCT FACULTY MEMBER. HE IS NOT COMPENSATED FOR HIS SERVICES AS A TRUSTEE. DARREN ROSE WAS PAID $10,000 AS AN INDEPENDENT CONTRACTOR FOR ADVANCEMENT CONSULTING SERVICES. HE IS NOT COMPENSATED FOR HIS SERVICES AS A TRUSTEE. GROSS AMOUNT FROM SALES OF SECURITIES PART VIII, LINE 7A INVESTMENT POLICIES, STRATEGIES, GOALS AND ASSET ALLOCATION FOR THE UNIVERSITY ARE ESTABLISHED BY THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES. DURING THE YEAR ENDED JUNE 30, 2012, THE INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES MOVED FORWARD WITH ENGAGING AN OUTSOURCED CHIEF INVESTMENT OFFICER BY SELECTING HIRTLE CALLAGHAN & CO., LLC. HIRTLE CALLAGHAN INVESTS THE UNIVERSITY'S FUNDS AND ASSISTS IN THE DEVELOPMENT OF INVESTMENT POLICIES, STRATEGIES AND ASSET ALLOCATION AS WELL AS MONITORING OF THE INVESTMENT PERFORMANCE. THEIR PERFORMANCE OF THE FUNDS IS REVIEWED BY THE UNIVERSITY'S MANAGEMENT AND INVESTMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE TRANSITION FROM THE FORMER INVESTMENT ADVISOR TO HIRTLE CALLAGHAN IN THE CURRENT YEAR, INVOLVED LIQUIDATING $76,000,000 OF THE INVESTMENT PORTFOLIO. BECAUSE LIQUIDATION OF THE PORTFOLIO DOES NOT REFLECT NORMAL INVESTMENT ACTIVITY, THE PROCEEDS FROM THE LIQUIDATION WERE NOT INCLUDED ON PART VIII, LINE 7A. REDLANDS CENTER FOR SCIENCE AND ENVIRONMENTAL STUDIES 1200 E COLTON AVE REDLANDS CA 92737 330628369 INACTIVE CA 501(C)(3) 11A N/A 1 REDLANDS PROPERTY MANAGEMENT INC PO BOX 3080 REDLANDS CA 92373 330423448 TITLE HOLDING CA UNIVERSITY OF REDLANDS C 1.00000 REDLANDS PROPERTY MANAGEMENT TRUST PO BOX 3080 REDLANDS CA 92373 336089947 TITLE HOLDING CA REDLANDS PROPERTY MGT INC T 1.00000 UNIVERSITY OF REDLANDS ENDOWMENT TRUST PO BOX 3080 REDLANDS CA 92373 336357436 HOLDS ALTERNATIVE INVESTMENT CA UNIVERSITY OF REDLANDS T 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0