2012-03-28T11:07:12-07:00 2011-06-30 990 2010-07-01 930386839 GEORGE FOX UNIVERSITY GEOR 5035542171 414 N MERIDIAN x6029 NEWBERG OR 97132 Theodore E Allen 5035542161 2012-03-28 2010 2016-02-24 21:20:13Z Theodore E Allen 414 N Meridian Newberg OR 97132 86442735 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. 33 33 2308 40 2221 0 10530210 3383772 70248199 78347018 -137431 340624 -201401 -134129 80439577 81937285 17515415 21004528 0 0 37247220 40059080 45454 44574 1234492 20443412 21489396 75251501 82597578 5188076 -660293 103685688 101145842 40575913 38523829 63109775 62622013 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 48054960 20893900 52537573 Quality undergraduate programs in the humanities, sciences, & professional studies with more than 40 majors. 10999289 110628 14623383 Quality Graduate education programs in the areas of psychology counseling, education, Business & seminary, including 5 seminary degrees & 11 masters & doctoral degrees. 1514515 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) 11731417 0 18372866 Admissions, Student Life, Housing & Food Service. 11731417 0 18372866 72300181 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 1 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 2308 1 1 1 0 0 0 0 1 1 0 0 0 0 X 33 33 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 James Steinfeld 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 212652 0 73697 G Michael Goins 50 X 128495 0 13819 Patrick Allen 50 X 120918 0 22576 Shari Scales 50 X 118744 0 22604 Brad Lau 50 X 97719 0 20755 Dale Seipp 50 X 95615 0 23110 Rob Westervelt 50 X 92719 0 19077 Linda Samek 40 X 112872 0 15818 Dirk Barram 40 X 108529 0 10178 1088263 0 221634 6 0 1 0 BON APPETIT 1000 West Temple St Los Angeles CA 900740196 Food Service Contractor 2669826 ROBERT GRAY PARTNERS PO Box 1000 Sherwood OR 97140 Building contractor 275220 POWELL BUILT HOMES PO Box 1030 Newberg OR 97132 Building contractor 396862 SAUNDERS COMPANY PO Box 536 Dundee OR 97115 Building contractor 824210 ROYALL & COMPANY 1920 East Parham Rd Richmond VA 232282206 Advertising 180299 10 0 0 0 0 0 3383772 442270 3383772 Student Tuition & Fees 611310 67160956 67160956 0 0 Auxilliary Enterprises 611310 10686962 10686962 0 0 SEOG and Federal Workstudy Grants 611310 499100 499100 0 0 0 0 0 0 78347018 387215 0 0 387215 0 0 0 0 0 0 0 0 9300 0 7079 0 2221 0 2221 0 2221 0 3690180 0 3736771 0 -46591 0 -46591 0 0 -46591 0 862369 761600 100769 100769 0 0 PV of Trusts & Annuities 611310 -354850 0 0 -354850 Activity Fees and other Income 611310 117731 117731 0 0 0 0 0 0 -237119 81937285 78565518 2221 -14226 21004528 21004528 1078010 433067 379057 265886 0 28498556 24509195 3687772 301589 1911886 1574631 294746 42509 6650213 5456449 1028967 164797 1920415 1576729 305886 37800 0 33627 33627 69830 69830 44574 44574 3830187 3675487 141665 13035 796860 42989 748888 4983 4701178 4051422 619371 30385 467328 46808 420370 150 2253991 2139780 52880 61331 2349517 2210283 107886 31348 559076 459134 49253 50689 1340892 538094 802798 0 2894127 2894127 336286 238785 96765 736 Eq Rental & Maintenance 697322 294855 401412 1055 Printing & Publication 644665 428215 153211 63239 Memberships 603269 123016 450377 29876 Recruiting & Moving 107492 90531 16961 0 Honoraria 362022 351444 2734 7844 -558273 160612 -801551 82666 82597578 72300181 9062905 1234492 6723881 4025366 512213 1369162 1574767 1033443 2152933 1637967 0 0 0 0 2235343 2136789 525619 145292 1821414 1730690 110128462 43694023 66862304 66434439 20052360 21437858 148950 130328 1075904 1064508 103685688 101145842 8087789 4246996 1305300 1816613 19280000 19280000 7906252 6435082 3996572 6745138 40575913 38523829 X 42197953 41051759 5868380 6302750 15043442 15267504 63109775 62622013 103685688 101145842 X -660293 172531 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 16739357 334770 2487260 968115 -24612 0 18617884 16045963 115193 1570484 944540 47743 0 16739357 20514909 107128 -3538173 745083 292818 0 16045963 0.159 0.785 0.056 1 0 0 13289786 13289786 0 67495690 22960155 44535535 0 3276313 1759402 1516911 0 23051744 18974466 4077278 0 3014929 0 3014929 66434439 0 Actuarial Liability for Annuities, Trusts & Other 4005093 Interest Rate Swap Liability 2740045 6745138 81937285 82597578 -660293 3516290 0 0 -3343758 0 172532 -487761 65217726 3516290 0 0 -21004528 -17488238 82705964 0 -768679 -768679 81937285 62361730 0 0 0 768680 768680 61593050 0 21004528 21004528 82597578 SchD_P03_S00_L04 Schedule D, Part III, Line 4 Art items are used in teaching, & the ancient manuscripts are part of an ongoing project to preserve and scan 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 Income tax status - The University is exempt from federal and state income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the University's tax-exempt purpose is subject to taxation as unrelated business income. Unrelated business income tax, if any, is insignificant and therefore, no tax provision has been made in the accompanying financial statements. In addition, the University qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 170(b)(1)(A)(ii). 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, 2011 and 2010. The University recognizes interest accrued and penalties related to unrecognized tax benefits as an administrative expense. During the years ended June 30, 2011 and 2010, 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 Cost of sales included on the income side for inventory & rental expenses. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Inventory Cost of Sales & 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 Association. SchE_P01_S00_L06 Schedule E, Part I, Line 6 George Fox University receives Title IV for SEOG, federal work study and Perkins loans. GFU also administers grants with the NSF. East Asia and the Pacific 0 2 Program Services Admission counseling & recruiting of students from the area 90000 0 2 90000 0 0 0 0 0 0 X X X X X X X 1 Charitable Estate Planning NW 3331 NW 179th St Ridgefield WA 98642 Solicitation of estate planning, annuities and trusts. 0 14631 44574 -29943 14631 44574 -29943 CA CT ID OR WA 1 Academic Scholarships 1020 6744299 0 US dollars Performance Grants 174 270500 0 SEOG Grants 416 251352 0 US dollars Designated & Endowed Scholarships 372 590339 0 US dollars Other Scholarships & work study awards 2452 13148038 311640 current room & board charges room & board for resident assistants 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 212652 0 0 0 34000 0 5100 0 34597 0 286349 0 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, University club dues are paid for the president. Required spousal travel is paid for the president. 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 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 amount on Part II, Line 3 over the amount in 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 4 1225 donor valuation X 680 donor valuation X 5 407976 FMV broker X Equipment 8 9700 donor valuation X Small random items to give away 62 13669 donor valuations X Building/Landscaping items 4 9020 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_L11a Form 990, Part VI, Section B, Line 11a The fincance 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 thier next meeting. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c All employees and Board of Trustee members are required to complete a new conflict of interest form each year. These records are maintained and monitored in the Human Resourses department. 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 available on our website. The 990 is available by request from the Financial Affairs office. We do not make public our financial statements. F990_P11_S00_L05 Form 990, Part XI, Line 5 Prior Period Adjustment due to valuation of unrealized loss on Swap Liability. See note 22 of audited financial statements. $172,531 is the net difference in the PPA that applies to FY10 & prior. Per IRS Notice number CP211A dated 11/7/11 the due date for this return was extended to 2/15/12. The IRS extended all filings due 1/15 and 2/15/12 to 3/31/12 due to the electonic filing portal maintenance.