2012-03-13T15:22:49-05:00 2011-06-30 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2010-07-01 951744369 Azusa Pacific University AZUS 6268156000 901 E Alosta Avenue Azusa CA 917027000 Joyce Williams 6268156000 2012-03-13 1 David C Moja 3178852620 2010 2016-02-24 21:20:13Z Dr Jon R Wallace 901 E Alosta Avenue Azusa CA 917027000 291483659 0 X www.apu.edu X 1947 CA To advance the work of God in the world through academic excellence in higher education. 27 26 4583 1267 429546 -38505 9623232 15340173 193823932 220405574 15685285 3389461 8279734 30954176 227412183 270089384 32819319 43727781 0 0 116461634 122974934 9955 9300 2982059 69540747 77284601 218831655 243996616 8580528 26092768 358794690 361951418 191746756 179344161 167047934 182607257 APU is an evangelical Christian community of disciples and scholars who seek to advance the work of God through academic excellence in liberal arts and professional programs of higher education that encourage development of a Christian perspective of truth and life. 0 0 175936690 43727781 198563387 Tuition & Fees:The University enrolls more than 9,200 students and offers more than 50 areas of undergraduate study, more than 40 masters' degree programs, and 8 doctorate programs. 24240124 0 29170870 Auxiliary Enterprises & Other Program Revenue: The University provides, in addition to quality instruction, student life programs, facilities for the students and activities to further promote the educational experience of students at the University. 1002727 0 678403 Outreach Ministries:Outreach Ministries help the University fulfill its mission of advancing the work of God in the world and encouraging students to develop a Christian perspective of truth and life. The Institute for Outreach Ministries facilitates trips to other countries. 201179541 1 1 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 1 1 0 0 0 0 1 12261 0 4583 1 1 1 1 MX SF 0 0 0 1 1 0 0 0 0 X 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Bob Johansen 6268156000 901 East Alosta Avenue Azusa CA 91702 Barney Visser 1.00 X 0 0 0 Bill Hooper 1.00 X 0 0 0 Dan Fachner 1.00 X 0 0 0 David Axene 1.00 X 0 0 0 David J Dias 1.00 X 0 0 0 David Poole 1.00 X 0 0 0 Don Marshburn 1.00 X 0 0 0 Earl R Schamehorn 1.00 X 0 0 0 Jeannie Webb Pascale 1.00 X 0 0 0 Kenneth Ogden 1.00 X 0 0 0 Marc Mcbride 1.00 X 0 0 0 Michael D Lizarraga 1.00 X 0 0 0 Nickolas W Vande Steeg 1.00 X 0 0 0 Peggy Campbell 1.00 X 0 0 0 Raleigh B Washington Dd 1.00 X 0 0 0 Ray W Johnston 1.00 X 0 0 0 Robyn Dillon 1.00 X 0 0 0 Sally Colace 1.00 X 0 0 0 Tim Stripe 1.00 X 0 0 0 David C Le Shana Phd 1.00 X X 0 0 0 Sheryl A Patton 1.00 X X 0 0 0 Evan R Collins 1.00 X X 0 0 0 Dr Jon R Wallace 40.00 X X 298955 0 102422 Larry Acosta 1.00 X 0 0 0 Elizabeth Maring 1.00 X 0 0 0 Greg Dixon 1.00 X 0 0 0 Paul Szeto 1.00 X 0 0 0 Deana Lynn Porterfield 40.00 X 141049 0 38351 Dr David Bixby 40.00 X 222743 0 57134 Dr Michael M Whyte 40.00 X 206559 0 25424 John C Reynolds 40.00 X 188640 0 62050 Mark S Dickerson 40.00 X 190326 0 19334 Robert L Johansen 40.00 X 157552 0 70372 Terry A Franson 40.00 X 150547 0 22065 Dr Mark Stanton 40.00 X 101338 0 78918 Stephen Grey 40.00 X 129332 0 19093 Dr Fred Garlett 40.00 X 189104 0 7460 Dr Ilene Bezjian 40.00 X 152556 0 44599 Dr Paul Gray 40.00 X 166199 0 13195 Dr H Easterling Williams 40.00 X 103907 0 50051 Dr Aja Lesh 40.00 X 151238 0 20651 Dr David Weeks 40.00 X 157832 0 28311 Dr Robert H Martin 40.00 X 146996 0 13785 Dr Ruth Ana Abigail 40.00 X 140492 0 19153 2995365 0 692368 11 0 1 0 Hodgdon Miank Construction Inc 1461 E Cooley Dr 240 Colton CA 92324 General Contractor 632967 Doug Giles General Contractor PO Box 78956 Corona CA 92877 General Contractor 554625 Alpha & Omega Roofing Inc PO Box 389 Whittier CA 90601 Construction 283676 Apex IT Inc PO Box 5871 Denver CO 80201 Software consult 282924 CW Driver Contractors 448 Rosemead Blvd Pasadena CA 91107 General Contractor 210562 5 162540 1080348 14097285 7632407 15340173 Tuition & fees 611600 198563387 198563387 Auxiliary revenue 611600 15813064 15813064 Other prog svc inc 611600 5350720 5350720 Outreach ministries 611600 678403 678403 220405574 1599345 1599345 3116195 1108122 2008073 2008073 2008073 13562170 12204 11775796 8462 1786374 3742 1790116 1790116 5404 162540 84237 -78833 -78833 16424744 8417658 8007086 8007086 Gain on int rate swap 900099 20588304 20588304 Prtg/grphcs/media/etc 812900 286422 286422 Banquet sales 722320 144466 144466 -1342 -1342 21017850 270089384 228412660 429546 25907005 42913762 42913762 814019 814019 2615653 593380 1541708 480565 491356 301881 189475 92817568 81575883 9677590 1564095 4749206 4068950 570912 109344 15968138 13403179 2376929 188030 6333013 5524718 677603 130692 254755 1237 253518 106289 106289 9300 9300 153711 153711 3090294 2016154 1029203 44937 5714659 2794114 2863757 56788 8197903 4294864 3791425 111614 5801158 2272061 3490213 38884 15812 15812 8278269 4352060 3926209 5593700 4808183 652960 132557 268015 226497 34813 6705 8741581 8741581 10576744 9806581 770163 2943970 3876 2940079 15 Maint, Repair, Renov 2481873 1007172 1474701 O/C Room and Board 1585574 1585574 Books 1361135 1352161 8526 448 Equipment 1191928 696656 492662 2610 O/C Tuition 771352 771352 0 10155879 7237834 2812570 105475 243996616 201179541 39835016 2982059 1875878 7476876 14806876 23580811 2792841 1650448 12758489 12220227 441989 400000 0 178011 220000 1993985 2041264 2895145 1176984 312761020 81142215 266881446 231618805 39422345 28732129 1933205 38524773 8365268 6776637 4449212 7532464 358794690 361951418 14277167 13104763 4072503 4072503 4812174 4677102 138403000 137058000 2577590 30181912 17854203 191746756 179344161 X 117869913 122658781 29761063 32568211 19416958 27380265 167047934 182607257 358794690 361951418 X 26092768 -10533445 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2478500 X X X 0 39228550 8005043 6959286 2049323 52143556 37170265 344882 2610266 896863 39228550 38208092 2318146 -2054627 1301346 37170265 0.49550 0.45260 0.05190 0 0 55875289 55875289 212004008 54589098 157414910 2190277 711372 1478905 30469316 19666358 10802958 12222130 6175387 6046743 231618805 Limited partnerships 101468 F Real estate 36638434 F Other investments 1784871 F 38524773 Annuities Payable 1331459 Trust Liab. Due to Others 443508 Other Liabilities 1296058 Asset Retirement Obligation 1171557 Accrued Loss on Interest Rate Swap 13611621 17854203 270089384 243996616 26092768 3236503 -13769948 -10533445 15559323 226331135 3236503 -56604769 -53368266 279699401 -9610017 -9610017 270089384 211522208 10439354 10439354 201082854 42913762 42913762 243996616 Part III, Line 4: The University acquired five original Dead Sea Scroll fragments and a collection of rare Biblical antiquities which expands the existing Special Collections of presidential signatures, rare clocks, rare manuscripts and books held for public exhibition, scholarly research and educational learning purposes. Description of Intended Use of Endowment Funds: Part V, Line 4: Primarily scholarships. Part XI, Line 8 - Other Adjustments: Change in Value of Split Interest Agreements -92,012. Unrealized Loss on Interest Rate Swap -13,611,621. Accretion for Asset Retirement Obligation -66,315. Part XII, Line 2d - Other Adjustments: Student Financial Aid Netted with Revenue on Financial Stmt -42,913,762. Subsidiary activity included in combined financial statements 78,941. Unrealized loss on interest rate swap -13,611,621. Accretion for asset retirement obligation -66,315. Change in value of split-interest agreements -92,012. Part XII, Line 4b - Other Adjustments: Rent Expense Included in 990 Part VIII -1,108,122. Cost of Goods Sold Included in 990 Part VIII -8,417,658. Fundraising Expense Included in 990 Part VIII -84,237. Part XIII, Line 2d - Other Adjustments: Cost of Goods Sold Included in 990 Part VIII 8,417,658. Rent Expense Included in 990 Part VIII 1,108,122. Fundraising Expense Included in 990 Part VIII 84,237. Subsidiary activity included in combined financial statements 829,337. Part XIII, Line 4b - Other Adjustments: Student Financial Aid Netted with Revenue on Financial Stmt 42,913,762. 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 Undergraduate and Graduate Catalogues state that "Azusa Pacific University, in compliance with Titles VI and VII of the Civil Rights Acts of 1964 and Title IX of the Educational Amendments of 1972 does not discriminate on the basis of race, color, national origin, gender, age, disability, or status as a veteran in any of its policies, practices, or procedures. The University has not utilized the general newsprint circulation or broadcast media at this time. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The University receives Student Financial Aid awards from the U.S. Department of Education and the California Student Aid Commission. Sub-Saharan Africa 0 2 Program services Foreign studies 1016496 North America 0 0 Program services Outreach ministries 1002727 Europe (Including Iceland & Greenland) 0 1 Program services Foreign studies 629980 0 3 0 0 0 3 2649203 0 2649203 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Foreign expenditures are tracked in accordance with the accrual basis of accounting using expense reports, receipts, and other appropriate documentation. Other Information Schedule F, Part V Azusa Pacific University operates in South Africa using one fully controlled NGO as an agent of the University to carry out its programs there. Azusa Pacific University also operates in Mexico using three different fully controlled NGO's as agents in the country to conduct University programs. These NGOS are considered a part of the University and therefore are not listed as related entities on Schedule R. Dinner Rally 167944 162540 5404 9818 14893 59526 167944 162540 5404 9818 14893 59526 84237 -78833 1 Azusa Pacific Online University 901 E Alosta Avenue Azusa CA 91702 364682140 501 (c) 3 814019 Operations 1 0 Scholarships 6250 42913762 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Student Financial Services Department maintains records to substantiate eligibility and election criteria for students receiving awards and scholarships. Departments maintain records of selection criteria and eligibility for recipients of stipend and other awards. All payments are uploaded to their respective categories. The business office reconciles accounts and prepares departmental and grantor reports. X X X 1 1 X X 0 0 0 1 0 0 0 0 0 Dr Jon R Wallace 297462 0 0 0 1493 0 24306 0 78116 0 401377 0 0 0 Deana Lynn Porterfield 139014 0 0 0 2035 0 11773 0 26578 0 179400 0 0 0 Dr David Bixby 165761 0 46390 0 10592 0 14560 0 42574 0 279877 0 0 0 Dr Michael M Whyte 204789 0 0 0 1770 0 16530 0 8894 0 231983 0 0 0 John C Reynolds 186920 0 0 0 1720 0 15598 0 46452 0 250690 0 0 0 Mark S Dickerson 189756 0 0 0 570 0 14594 0 4740 0 209660 0 0 0 Robert L Johansen 155812 0 0 0 1740 0 13061 0 57311 0 227924 0 0 0 Terry A Franson 144982 0 0 0 5565 0 12118 0 9947 0 172612 0 0 0 Dr Mark Stanton 101338 0 0 0 0 0 12003 0 66915 0 180256 0 0 0 Dr Fred Garlett 189104 0 0 0 0 0 1125 0 6335 0 196564 0 0 0 Dr Ilene Bezjian 150575 0 0 0 1981 0 11489 0 33110 0 197155 0 0 0 Dr Paul Gray 164789 0 0 0 1410 0 12364 0 831 0 179394 0 0 0 Dr H Easterling Williams 100935 0 0 0 2972 0 12678 0 37373 0 153958 0 0 0 Dr Aja Lesh 151238 0 0 0 0 0 12034 0 8617 0 171889 0 0 0 Dr David Weeks 157832 0 0 0 0 0 12650 0 15661 0 186143 0 0 0 Dr Robert H Martin 146996 0 0 0 0 0 8073 0 5712 0 160781 0 0 0 Dr Ruth Ana Abigail 140492 0 0 0 0 0 9340 0 9813 0 159645 0 0 0 Part I, Line 1a Personal Services: The President lives in housing provided by Azusa Pacific University. The housing is provided to the President for the convenience of the school and as a condition of employment on the business premises. The fair rental value of this housing is shown as a nontaxable benefit on Schedule J Part II. The University maintains the residence since it is campus property. A housing allowance is also provided to officers who are ordained ministers. The housing allowance is approved by the board and documented in the board minutes. First Class Travel: The governing board has specifically authorized this and recognizes it as necessary and for bonafide business purpose. Part I, Line 5 David Bixby, Executive VP of Development, receives a yearly bonus of a set amount contingent on his meeting set criteria established beforehand by independent persons. California Municipal Finance Authority 201563466 13048THN6 2011-04-05 136685000 Refinance Series 2007 bonds 0 0 0 131730000 136685000 4954912 88 1 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 Wells Fargo Bank NA 28.000000000000 0 0 0 Not applicable 0 0 David Bixby Assoc. Inv agreement per employee contract agreement X 250000 250000 0 1 1 Dr H Easterling Williams Assoc. Inv agreement per employee contract agreement X 150000 150000 0 1 1 400000 Various Qualified tuition discount 149538 Gail A Wallace Family of President 16779 Employment 0 D Craig Wallace Family of President 96801 Employment 0 Vicken A Bezjian Family of Dean-Bus. 111322 Employment 0 Dustin Scott Reynolds Family of EVP ADM 59642 Employment 0 Jon Krimmel Family of VP Bus Aff/CFO 51926 Employment 0 James Bezjian Family of Dean-Bus. 12991 Employment 0 Matt Wallace Family of President 56867 Employment 0 Erin Thorp Family of Provost 40118 Employment 0 X 1 14950 Appraisal X 1320 Thrift store value X 6 235214 Stock market value X 2 7250000 Appraisal X Electronics 1 130923 Thrift store value 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The number of contributors represent the number of donors. Form 990, Part VI, Section A, line 2 President Jon Wallace and Executive Vice President David Bixby are Brother-in-Laws. Form 990, Part VI, Section B, line 11 Form 990 is prepared by an independent CPA firm and reviewed by the organization's top management. the reviewed Form 990 is then forwarded to the board of directors for review prior to filing. Form 990, Part VI, Section B, line 12c Annually, the Office of the General Counsel has all trustees, officers, and other key employees complete a conflict of interest questionnaire and the General Counsel addresses any disclosed conflicts of interest pursuant to the processes set forth in the University's Policy on Conflicts of Interest. All potential conflicts of interest by administrators, officers or trustees of the institution are brought to the attention of the Chairman of the Board of Trustees and General Counsel for resolution. Form 990, Part VI, Section B, line 15 Any changes to the compensation of the University's CEO and executive officers is approved by the Board of Trustees based on market survey data. Periodically, the University retains the services of an independent compensation consultant to review the compensation of the CEO and executive officers and to report to the Board of Trustees. The compensation of other key employees is reviewed and approved by the executive officer or administrator to whom they report. The process and decisions are recorded for all compensated officers, trustees, and key employees. Form 990, Part VI, Section C, line 19 Available upon request Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 3,236,503. Change in Value of Split Interest Agreements -92,012. Unrealized Loss on Interest Rate Swap -13,611,621. Accretion for Asset Retirement Obligation -66,315. Total to Form 990, Part XI, Line 5: -10,533,445. 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. EXPLANATION FOR NOT REPORTING SIGNATORY OFFICER ON PART VII, SECTION A Form 990, Part VII, Section A & Form 990, Part II Joyce Williams, Executive Director of Finance, replaced Stephen Grey on October 2011. Consequently, Joyce Williams is not reported on Form 990, Part VII, Section A since the reporting period of this return is through June 2011. Azusa Pacific Holdings LLC 2575 E Camelback Road Phoenix AZ 85016 Real estate AZ 0 1064000 N/A Azusa Pacific Online University 901 E Alosta Avenue Azusa CA 91702 364682140 Online higher education CA 501(c)(3) Line 2 Azusa Pacific University 0 Christian Leadership Alliance 635 Camino De Los Mares San Clemente CA 92673 953451239 Empower christian leaders CA 501(c)(3) Line 9 Azusa Pacific University 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1