2013-02-15T13:30:46-07:00 2012-06-30 990 2011-07-01 930386839 GEORGE FOX UNIVERSITY GEOR 5035388383 414 N MERIDIAN x6029 NEWBERG OR 97132 Theodore E Allen 5035542161 2013-02-15 2011 2016-03-07 17:11:31Z Theodore E Allen 414 N Meridian Newberg OR 97132 101692586 0 X www.georgefox.edu X 1891 OR To prepare students spiritually, academically, and professionally to think with clarity, act with integrity, and serve with passion through both undergraduate and graduate educational programs of study for approximately 3,400 students. 32 32 2286 304 0 0 3383772 6458711 78347018 82724406 340624 299986 -134129 87309 81937285 89570412 21004528 22902463 0 0 40059080 41670698 44574 0 1284825 21489396 21072231 82597578 85645392 -660293 3925020 101145842 102243447 38523829 39601461 62622013 62641986 George Fox University, a Christ centered community, prepares students spiritually, academically, and professionally to think with clarity, act with integrity, and serve with passion through both undergraduate and graduate educational programs of study for approximately 3,400 students. 0 0 49912192 22751131 53746936 Quality undergraduate education in the humanities, sciences, and professional studies with more than 40 majors 11039993 151332 17442353 Quality Graduate education programs in the areas of psychology counseling, education, Business & seminary, including 5 seminary degrees & 11 masters & doctoral degrees. Adult Degree Completion education programs. 1721882 0 0 Athletic programs for Men & Women developing leadership & team-building skills including Baseball, Softball, Volleyball, Basketball, Track, Cross country, Soccer, Golf & Tennis (NCAA division 3) 9727530 0 11535117 Admissions, Student Life, Housing & Food Service. 9727530 0 11535117 72401597 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 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 0 0 0 0 0 1 48 0 1 2286 1 0 0 0 0 0 1 1 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA OR WA X Theodore E Allen 5035542161 414 N Meridian x6029 Newberg OR 97132 Gordon L Crisman 5 X X 0 0 0 Deborah A Martin 5 X X 0 0 0 David Woolsey 5 X X 0 0 0 David Andersen 5 X 0 0 0 Patricia Anderson 5 X 0 0 0 Carrie Lamm Bishop 5 X 0 0 0 Don G Carter 5 X 0 0 0 Raymond Cheung 5 X 0 0 0 Brenda R Coe 5 X 0 0 0 Mike Delk 5 X 0 0 0 Steve Fellows 5 X 0 0 0 Angela Fogg 5 X 0 0 0 Keith G Galitz 5 X 0 0 0 Scott Gratsinger 5 X 0 0 0 David Green 5 X 0 0 0 Dale W Hadley 5 X 0 0 0 Paula Kinney 5 X 0 0 0 Jim Le Shana 5 X 0 0 0 Heather Lewis 5 X 0 0 0 Robert G Monroe 5 X 0 0 0 Stanley D Morse 5 X 0 0 0 Charles E Mylander 5 X 0 0 0 Jackson H Newell 5 X 0 0 0 Barbara D Palmer 5 X 0 0 0 Brent Peterson 5 X 0 0 0 Victor A Peterson 5 X 0 0 0 Adam Puckett 5 X 0 0 0 Gloria Schwindt 5 X 0 0 0 Truman Stone 5 X 0 0 0 Stephen M Tatone 5 X 0 0 0 Kent L Thornburg 5 X 0 0 0 William B Wilson 5 X 0 0 0 Robin Baker 50 X 250016 0 41620 G Michael Goins 50 X 135271 0 14168 Patrick Allen 50 X 124560 0 22810 Rob Westervelt 50 X 111105 0 21959 Brad Lau 50 X 97403 0 21242 Dale Seipp 50 X 95731 0 9132 Fred Gregory 50 X 74950 0 6998 Theodore Allen 50 X 72456 0 7365 Linda Samek 40 X 115446 0 15972 Mary Peterson 40 X 110088 0 11308 Dirk Barram 40 X 109464 0 15302 Hank Helsabek 40 X 108718 0 21625 Robert Harder 40 X 105021 0 10349 1510229 0 219850 9 0 1 0 BON APPETIT 1000 West Temple St Los Angeles CA 900740196 Food Service Contractor 3084622 ROBERT GRAY PARTNERS PO Box 1000 Sherwood OR 97140 Building contractor 424631 ASTRO TURF 809 Kenner St Dalton GA 30721 athletic field contractor 316480 LAMAR COMPANIES PO Box 96030 Baton Rouge LA 70896 advertising 272451 GOOGLE INC PO Box 39000 San Francisco CA 94139 Advertising 202979 8 0 0 0 0 0 6458711 72211 6458711 Student Tuition & Fees 611310 71189289 71189289 0 0 Auxilliary Enterprises 611310 10971184 10971184 0 0 SEOG and Federal Workstudy Grants 611310 508204 508204 0 0 Bookstore, Net of expenses 611310 55729 0 0 55729 0 0 0 0 82724406 639668 0 0 639668 0 0 0 0 0 0 0 0 9300 0 7018 0 2282 0 2282 0 0 2282 11287124 488350 11634730 480426 -347606 7924 -339682 0 0 -339682 0 Activity Fees and other Income 611310 85027 85027 0 0 0 0 0 0 85027 89570412 82753704 0 357997 0 0 22902463 22902463 0 0 0 0 931991 314211 481776 136004 0 0 0 0 29792058 25673699 3615046 503313 1857498 1547248 267258 42992 7043484 3634187 3291352 117945 2045667 1662151 340042 43474 0 0 0 0 64341 0 64341 0 89326 0 89326 0 0 0 0 0 0 0 0 0 0 0 3853301 3678385 127624 47292 805954 45041 752420 8493 3523418 2834334 666945 22139 485391 60121 425270 0 2295225 2172597 64686 57942 2693189 2516346 146932 29911 0 0 0 0 583761 437188 31852 114721 1409453 581229 828224 0 0 0 0 0 2909527 2909527 0 0 300830 218813 79872 2145 Equip Rental & Maintenance 603563 185095 418466 2 Printing & Publications 631579 429543 148460 53576 Memberships & Honoraria 1000025 479027 516408 4590 Recruiting & Moving 99122 70908 28214 0 -275774 49484 -425544 100286 85645392 72401597 11958970 1284825 4025366 2012348 1369162 1000674 1033443 3316944 1637967 1845575 0 0 0 0 2136789 1821977 145292 97672 1730690 3821232 112166184 45867670 66434439 66298514 21437858 20873966 130328 130330 1064508 1024215 101145842 102243447 4246996 4016833 1816613 2077592 19280000 19280000 6435082 4972143 6745138 9254893 38523829 39601461 X 41051759 38642052 6302750 7780147 15267504 16219787 62622013 62641986 101145842 102243447 X 3925020 -3905047 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 101725 0 0 X X X X 0 18617884 1032161 -790167 822394 -240 0 18037724 16739357 334770 2487260 968115 -24612 0 18617884 16045963 115193 1570484 944540 47743 0 16739357 20514909 107128 -3538173 745083 292818 0 16045963 0.05 0.87 0.08 1 0 0 13054786 13054786 0 66857119 23822400 43034719 0 3271723 1927891 1343832 0 23655729 20117379 3538350 0 5326827 0 5326827 66298514 0 Actuarial Liability for Annuities, Trusts, Other 3900265 Interest Rate Swap Liability 5354628 9254893 89570412 85645392 3925020 -3905047 0 0 0 0 -3905047 19973 62805042 -3905047 0 0 -22902463 -26807510 89612552 0 -42140 -42140 89570412 62785069 0 0 0 42140 42140 62742929 0 22902463 22902463 85645392 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Art items are used in teaching, & the ancient manuscripts are a part of an ongoing project to preserve ancient manuscripts for posterity and to provide the scanned documents for scholarship. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The university's endowment funds provide scholarship funds as well as operating revenue for specific programs. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The University recognizes the tax benefit from uncertain tax position only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The University had no unrecognized tax benefits at June 30, 2012 and 2011. The University recognizes interest accrued and penalties related to unrecognized tax benefits as an administrative expense. During the years ended June 30, 2012 and 2011, the University recognized no interest and penalties. The University files an exempt organization income tax return and an unrelated business income tax return in the U.S. federal jurisdiction and a copy with the states of California, Idaho, Oregon and Washington. The appropriate state returns are also filed for any unrelated business income. With few exceptions, the University is no longer subject to U.S. federal or state/local income tax examinations by tax authorities for years before 2007. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Financial Aid is netted with Tuition income on the audited financial statements SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Rental expenses & bookstore expenses are reported with income. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Bookstore & rental expenses SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Financial Aid expenditures recorded in Net Tuition on audited financials 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 Our non-discrimination policy is published annually in the Portland Oregonian newspaper in conjunction with the Oregon Independent College Foundation. SchE_P01_S00_L06 Schedule E, Part I, Line 6 George Fox University recieves Title IV for SEOG, federal work study, and perkins loans. GFU also administers grants with the NSF. East Asia and the Pacific 0 1 Program Services Admission counseling 30000 0 1 30000 0 0 0 0 0 0 1 Academic Scholarships 1060 6966904 0 Us dollars Performance Grants 122 196000 0 Us dollars SEOG Grants 354 204281 0 US dollars Designated & Endowed Scholarships 575 619240 0 US dollars Other Scholarships & work study awards 2484 14580589 335450 US dollars; room & board charges room & board charges SchI_P01_S00_L02 Schedule I, Part I, Line 2 The philosophy of student aid is to provide access and choices to students, who without financial assistance would not be able to attend an institution of higher learning. The Executive Director of Student Financial Services is responsible for establishing Institutional policy development surrounding the delivery of financial assistance. Policy development adheres to federal and state laws and regulations as well as to the mission of the University. When appropriate, Financial Aid policy is reported to and approved by the Vice President of Enrollment Services. These policy changes also involve the Vice President of Financial Affairs. The primary purpose of a collegiate financial aid program should be to provide financial assistance to accepted students who, without such aid, would be unable to attend that university. Each university has an obligation to assist in realizing the national goal of equality of educational opportunity. The University, therefore, should work with schools, community groups, and other educational institutions in support of this goal. Parents are expected to contribute according to their means, taking into account their income, assets, number of dependents, and other relevant information. Students themselves are expected to contribute from their own assets and earnings, including appropriate borrowing against future earnings. Need-based financial aid should be offered only after determination that the resources of the family are insufficient to meet the student's educational expenses. The amount of need-based aid offered should not exceed the amount needed to meet the difference between the student's total educational expenses and the family's resources. The amount and type of self-help expected from students should be related to the circumstances of the individual. In the assignment of funds to those students designated to receive financial aid, the largest amounts of total grant assistance should go to students with the least ability to pay. The university should review its financial assistance awards annually and adjust them, if necessary, to reflect changes in the financial needs of students and the expenses of attending the institution. The university has an obligation to inform students and parents of the financial aid renewal policies for enrolled students at the time of the initial offer of financial assistance. Because the amount of financial assistance awarded reflects the economic circumstances of students and their families as well as available funding, the university should refrain from any public announcement of the amount of aid offered and encourage students, their secondary schools, and others to respect the confidentiality of this information. Selection of students to receive financial aid will be made without regard to age, sex, race, color, religion, national origin, disability or marital status. Priority consideration for aid is given to students whose files are complete by March 1 of each year. The institution will package each student according to the matrix need assigned the student. This determination is made by the award year the student will enter. Once the matrix year is determined the student is awarded a percentage of his or her (FAFSA) need with federal, state and institutional aid. The student is then awarded Work study followed with Perkins loan, Stafford (subsidized or unsubsidized) loan and the PLUS loan. Aid is "frozen" from one year to the next. In extreme instances as defined by the SFS Office, the amount of grant money may be increased. Honors scholarships are awarded based on the high school GPA and either the SAT or ACT scores. Students will continue to receive the scholarship as long as a continuation cumulative GPA is maintained. Award letters are mailed to the student whenever there is a change to the financial aid award and the change affects federal or state awards. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Robin Baker 225016 0 0 0 25000 0 5000 0 36620 0 291636 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The president is required to live in the president's house. A university owned car is made available for business use. In order to enhance the influence of GFU in the local community, Arlington Club dues are paid for the president. The Arlington Club provides a forum for networking within the business community to find people interested in investing time and resources in higher education. Only required spousal travel is paid for the president. GFU promotes family values and it is expected on some, but not all, trips that the president's wife will accompany him. Yamhill County Oregon Series 2005A George Fox University Project 936002318 98464TAA7 2005-05-26 19280000 Capital projects and re-finance 0 0 0 0 0 20180824 0 0 0 367310 42371 0 13596398 6174745 0 2008 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 Bank of America Merrill Lynch 30 0 0 0 0 0 SchK_P02_S00_L03 Schedule K, Part II, Line 3 The excess of the amounmt on Part II, Line 3 over the amount on Part I, line A(e) is attributable to investment proceeds. SchK_P02_S00_L11 Schedule K, Part II, Line 11 Advance refund a bond issued prior to 2002. X 1430 donor valuation X 7 15352 FMV broker X Equipment 6 8474 donor valuation X Donated items for events 48 26359 donor valuation X Office furnishings 8 2914 donor valuation X Building and landscaping materials 3 2005 donor valuation 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Our investment brokerage firm sells any gifts of securities immediately for us. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The finance office staff prepares the 990. It is reviewed by the controller & CFO before filing. This return was reviewed by our external audit firm additionally. The Board of Trustees Finance Committee reviews the 990 after it is filed at their next meeting. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All employees & Board of Trustee members are required to complete a new Conflict of Interest form each year. These records are monitored and reviewed by the Associate Director of Human Resources. The forms are maintained in the Human Resources department. Periodically during the time-frame that these the forms are sent to employees, the Associate Director sends out additional requests to those that have not completed the forms. This includes contacting employees' supervisors when necessary. If a conflict of interest or potential conflict of interest is notated on a form by the employee, the Director of Human Resources reviews it. If more information is needed, she contacts the employee. If, in the Director's judgment, it is deemed not to be a conflict of interest, the form is filed and no further action is taken. If a conflict of interest or potential conflict of interest exists, the Director gives the form to the EVP for Finance and Operations to review. If necessary, the EVP then contacts the employee or the head of the department that might be impacted by the conflict of interest (if it is an outside business the university might contract with for services or products) to ensure that sound business practices continue to be followed in selecting vendors, etc. Any employees or board members with conflicts will be prohibited from any deliberations and decisions related to the conflict of interest. If a conflict of interest or potential conflict of interest is notated on a form by the employee, the Director of Human Resources reviews it. If more information is needed, she contacts the employee. If, in the Director's judgment, it is deemed not to be a conflict of interest, the form is filed and no further action is taken. If a conflict of interest or potential conflict of interest exists, the Director gives the form to the EVP for Finance and Operations to review. If necessary, the EVP then contacts the employee or the head of the department that might be impacted by the conflict of interest (if it is an outside business the university might contract with for services or products) to ensure that sound business practices continue to be followed in selecting vendors, etc. Any employees or board members with conflicts will be prohibited from any deliberations and decisions related to the conflict of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Key employees and top offical salaries are reviewed and approved by the Board of Trustees after review of data from comparable schools. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Our conflict of interest policy and governing documents are evailable on our website. We do not make public our financial statements. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized losses on investments 990,929; Unrealized loss on the Interest Rate Swap Liability 2,614,583; Present Value of Annuities & Trusts 299,535. Form 8868 was filed on 10/1/12 extending the due date to 2/15/13.