2012-05-15T10:09:23-05:00 2011-06-30 Capin Crouse LLP 972 Emerson Parkway Ste A Greenwood IN 46143 990 2010-07-01 951644035 Point Loma Nazarene University POIN 6198492200 3900 Lomaland Drive San Diego CA 92106 George R Latter Jr 6198492200 2012-05-15 Dave Moja 3178852620 2010 2016-02-24 21:20:13Z Robert Brower 3900 Lomaland Drive San Diego CA 92106 96673099 0 X www.pointloma.edu X 1918 CA Non-profit Christian university. 45 35 2160 45 0 0 3670279 3379939 87922654 92942813 488565 264075 -5823 0 92075675 96586827 17905551 15910516 0 0 47931586 49960237 0 0 768689 26488654 26735604 92325791 92606357 -250116 3980470 110649797 114946962 52880220 52168187 57769577 62778775 X Point Loma Nazarene University exists to provide higher education in a vital Christian community where minds are engaged and challenged, character is modeled and formed, and service becomes an expression of faith. We aspire to be a learning community where grace is foundational, truth is pursued, and holiness is a way of life. 0 0 42358846 15910516 74036721 Higher Education: Student Instruction. 9752277 15175755 Higher Education: Academic Support 17795861 3730337 Higher Education: Student Services 69906984 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 266 0 1 2160 1 0 0 0 0 0 0 0 0 0 0 X 45 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Jim Bergherm 6198492429 3900 Lomaland Drive San Diego CA 92106 Robert Brower 40.00 X X 258941 0 33376 John H Calhoun 1.00 X X 0 0 0 Steven R Scott 1.00 X X 0 0 0 J Fred Huff 1.00 X 0 0 0 Jan Stone 1.00 X 0 0 0 Robert C Killen 1.00 X 0 0 0 Mary Leland 1.00 X 0 0 0 Randal Benefiel 1.00 X 0 0 0 Nancy F Clayton 1.00 X 0 0 0 William James Cullumber 1.00 X X 0 0 0 John L Denney 1.00 X 0 0 0 Jerry L Ferguson 1.00 X 0 0 0 Esther Frejo 1.00 X 0 0 0 Larry Fry 1.00 X 0 0 0 Craig K Furusho 1.00 X 0 0 0 Gregory A Garman 1.00 X 0 0 0 Ewell Gunter 1.00 X 0 0 0 Daryl L Hawkins 1.00 X 0 0 0 Roberto Hodgson 1.00 X 0 0 0 Wendy Hubbard 1.00 X 0 0 0 Russ Martin 1.00 X 0 0 0 Mark Lehman 1.00 X 0 0 0 Janine Metcalf 1.00 X 0 0 0 Franklin McHodgkins 1.00 X 0 0 0 Alfred McCoy 1.00 X 0 0 0 Gary W Morris 1.00 X 0 0 0 John R Nells 1.00 X 0 0 0 Daryl C Nicholson 1.00 X 0 0 0 Harold Potter 1.00 X 0 0 0 Georgia Rico 1.00 X 0 0 0 Mendell Thompson 1.00 X 0 0 0 Donald R Schengel 1.00 X 0 0 0 Byron Schortinghouse 1.00 X 0 0 0 Dale Twyeffort 1.00 X 0 0 0 Orlando R Serrano 1.00 X 0 0 0 Gary Smee 1.00 X 0 0 0 Rob Songer 1.00 X 0 0 0 Daniel W Spaite 1.00 X 0 0 0 Jim Swanson 1.00 X 0 0 0 John T Watkin 1.00 X 0 0 0 Carol Van Buskirk 1.00 X X 0 0 0 Craig Van Hulzen 1.00 X 0 0 0 William Thomas Battin 1.00 X 0 0 0 Jennifer J Bentley 1.00 X 0 0 0 Ira F Brown 1.00 X 0 0 0 George R Latter Jr 40.00 X 159792 0 27710 Catherine Smith 40.00 X 119328 0 10909 Joe Watkins 40.00 X 123319 0 29564 Allison Reaser 40.00 X 197533 0 18580 Lewis Rutledge 40.00 X 123498 0 14797 Kerry Fulcher 40.00 X 135733 0 15367 1118144 0 150303 7 0 1 0 Sodexo Dept 43283 Los Angeles CA 90088 Food Services 4054642 Siemens Industry Inc PO Box 2134 Carol Stream IL 60132 Maintenance Services 493487 Nielsen Construction Co 3786 Rosecrans Street San Diego CA 92110 Construction Services 467177 CCS Presentation Systems Inc 331 Jack Northrop Ave Hawthorne CA 90250 Audio and Visual System Integration 384480 Wade Company Inc 11448 Manzanita Rd Lakeside CA 92040 Construction Services 218605 8 408939 349264 2621736 102194 3379939 Tuition and fees 611710 74036721 74036721 Auxiliary revenue 611710 15175755 15175755 Other program revenue 611710 3730337 3730337 92942813 350347 350347 86272 -86272 -86272 -86272 96586827 92942813 0 264075 350639 350639 15559877 15559877 660806 484437 167892 8477 558662 434498 115858 8306 37436545 28083620 8796343 556582 2140038 1134052 1005986 6458959 2933794 3525165 2705227 1403294 1301933 2730 2730 69384 2562 66822 72219 72219 4137551 4013341 122162 2048 666971 660220 6751 4020495 2345006 1616643 58846 2749329 766870 1980729 1730 2536202 2132943 375296 27963 267906 189630 75401 2875 1742552 1742552 3891025 3891025 449355 107202 342153 Equipment rental 3962415 1305231 2651503 5681 Other 979875 1518064 -589753 51564 Bookstore inventory adj 505835 492470 11766 1599 Printing 440551 240580 158663 41308 Memberships 241209 112347 127152 1710 92606357 69906984 21930684 768689 4519990 11680782 10084999 2529049 2571236 1288760 884760 2924483 3149973 914690 983366 140660725 67502823 73874142 73157902 10153801 10508718 7284090 9086018 110649797 114946962 5780389 6180636 2589748 3349096 33875431 33012589 179595 112200 3245032 3336353 7210025 6177313 52880220 52168187 X 53323808 58241339 4269104 4360772 176665 176664 57769577 62778775 110649797 114946962 X 3980470 1028728 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6796960 6796960 105921254 43820205 62101049 20920732 17036428 3884304 7021779 6646190 375589 73157902 Bond issuance costs 344744 Due from related exempt foundation 8741274 9086018 Fair value of swap agreement liability 6177313 6177313 96586827 92606357 3980470 -3984 1032712 1028728 5009198 82055678 -3984 1032712 1028728 81026950 15559877 15559877 96586827 77046480 0 77046480 15559877 15559877 92606357 Part XI, Line 8 - Other Adjustments: Adjustment to swap termination liability 1,032,712. Part XII, Line 2d - Other Adjustments: Adjustment to value of interest rate swap agreement 1,032,712. Part XII, Line 4b - Other Adjustments: Scholarships netted to tuition revenue per books 15,559,877. Part XIII, Line 4b - Other Adjustments: Scholarships netted to tuition revenue per books 15,559,877. 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 Published annually in the San Diego Tribune. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The University receives funding from the federal government, and as a result, is required to comply with various regulations related to those funding programs. 1 Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 501(c)(3) 350639 Add to quasi-endowment fund. 1 Student Scholarships/Awards 1870 15559877 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The University awards grants, scholarships & student loans based on various, predefined criteria. Students must qualify for the assistance. Student enrollment and continuing eligibility are verified on an ongoing basis. Any amounts in excess of $600.00 are reported on Form 1099. The University also grants funds to its supporting organization, Point Loma Nazarene University Foundation. The use of these funds is monitored through direct oversight of the Foundation. The finance department of the University maintains the books and records of the Foundation. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Robert Brower 258731 0 210 0 0 0 20394 0 15491 0 294826 0 0 0 George R Latter Jr 159582 0 210 0 0 0 12973 0 14108 0 186873 0 0 0 Joe Watkins 123109 0 210 0 0 0 13867 0 68366 0 205552 0 0 0 Allison Reaser 187158 0 210 0 10165 0 14033 0 4646 0 216212 0 0 0 Kerry Fulcher 131403 0 210 0 4120 0 11277 0 6961 0 153971 0 0 0 Part I, Line 1a The University allows members of the Board of Trustees to bring their spouse to one of the two annual meetings each year. The University will pay the spouse's travel expenses and any aggregate amount in excess of $600 per year is reported on form 1099. ABAG Finance Authority for Nonprofit Corps 943130123 00037CNH9 2008-11-25 34000000 Refund 1 0 0 34000000 33526459 119000 354541 1 0 1 1 0 0 0 0 0 1 0 1 1 Bank of America 24.833333300000 0 0 0 0 0 Robert Brower Housing Equity Agreement X 365400 365400 0 1 1 George Latter Jr Housing Equity Agreement X 58000 29000 0 1 1 Catherine Smith Housing Equity Agreement X 65360 65360 0 1 1 Joe Watkins Housing Equity Agreement X 100000 100000 0 1 1 Kerry Fulcher Housing Equity Agreement X 325000 325000 0 1 1 884760 Student Aid 185967 Linda Brower Family of Robert Brower, President 14009 W2 Employee 0 Alisha Brower Family of Robert Brower, President 31512 W2 Employee 0 Ron Benefiel Family of Randy Benefiel, Trustee 62724 W2 Employee 0 Stephanie Bentley Family of Jennifer Bentley, Trustee 13836 W2 Employee 0 Danielle Brown Family of Ira Brown, Trustee 27460 W2 Employee 0 Justin Denney Family of John Denney, Trustee 27754 W2 Employee 0 Bethany Denney Family of John Denney, Trustee 35488 W2 Employee 0 Ken Martin Family of Russ Martin, Trustee 114990 W2 Employee 0 Karl Martin Family of Russ Martin, Trustee 94005 W2 Employee 0 Brenda Martin Family of Russ Martin, Trustee 43154 W2 Employee 0 Victor Labenske Family of Dan Spaite, Trustee 93730 W2 Employee 0 X 1 98884 Market Value X Miscellaneous 2 3310 Fair Market Value 0 0 1 0 Form 990, Part VI, Section A, line 2 Craig Furusho and Russ Martin - family relationship. Darryl Nicholson and Craig VanHulzen - business relationship. Jim Swanson and Gary Smee - business relationship. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm, reviewed by the finance team, and distributed to the board of trustees prior to being filed with the IRS. Form 990, Part VI, Section B, line 12c Conflict of interest statements are completed annually by all members of the governing body. The statements are reviewed by the Chairman of the Board of Trustees. The finance team is also monitoring all transactions for potential conflicts of interest. Form 990, Part VI, Section B, line 15 Each year at the spring board meeting of the University's Board of Trustees, the board Finance Committee receives a report in executive session from the Associate Vice President for Human Resources which compares the salaries of the University President and senior administrators (the Administrative Cabinet) to salaries for similar positions using four different salary surveys. Following discussion of this information, the Finance Committee takes action to set the salaries of the President and Administrative Cabinet for the following year and records this action in the minutes of its meeting. Form 990, Part VI, Section C, line 19 The organizing documents, conflict of interest policy, and the financial statements are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -3,984. Adjustment to swap termination liability 1,032,712. Total to Form 990, Part XI, Line 5: 1,028,728. Explanation of responsibility Form 990, Part XII, line 2c: The University 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. Point Loma Nazarene University Foundation 3900 Lomaland Drive San Diego CA 92106 953948691 Support Point Loma Nazarene University CA 501(C)(3) Line 11c - Type III N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Point Loma Nazarene University Foundation B 350639 Transfer amount Point Loma Nazarene University Foundation C 408939 Transfer amount