2011-01-18T13:56:37-06:00 2010-05-31 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2009-06-01 951916051 Hope International University HOPE 7148793901 2500 E Nutwood Ave Fullerton CA 92831 Frank Scotti 7148793901 2011-01-19 Todd Ensign 3178852620 2009 2016-02-24 21:20:13Z John Derry 2500 E Nutwood Ave Fullerton CA 92831 19337553 0 X www.hiu.edu X 1928 CA Empowering students through Christian higher education to serve the Church & world for Christ 20 20 511 41 0 0 3663325 2312665 12162724 16158742 9969065 222508 976084 470758 26771198 19164673 2348610 4622993 0 8254308 7567143 0 445437 8646711 7749969 19249629 19940105 7521569 -775432 19425941 20482706 8362323 9969283 11063618 10513423 Empowering students through Christian higher education to serve the church and impact the world for Christ. 0 0 9070071 4622993 16644041 Educational programs for 1,000 students, including academic, student services, operations, plant and auxiliary services 9070071 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 77 0 1 511 1 1 1 0 0 0 0 1 1 0 0 0 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 1 1 0 CA X Hope International University 7148793901 2500 E Nutwood Ave Fullerton CA 92831 Mitch Baird 2.00 X 0 0 0 Otis Baskin 2.00 X 0 0 0 Jerry Briggs 2.00 X 0 0 0 Lingkit Chan 2.00 X 0 0 0 Richard Davis 2.00 X 0 0 0 Gray Farley 2.00 X 0 0 0 Muazzam Gill 2.00 X 0 0 0 Larry Hostetler 2.00 X 0 0 0 Calvin Jernigan 2.00 X 0 0 0 Graydon Jessup 2.00 X 0 0 0 Julie Kuns 2.00 X 0 0 0 Richard Lukas 2.00 X 0 0 0 Laura Overton-Ring 2.00 X 0 0 0 Charles Puckett 2.00 X 0 0 0 John Ruhlen 2.00 X 0 0 0 Rick Rusaw 2.00 X 0 0 0 Laretta Sharader 2.00 X 0 0 0 Vel Smith 2.00 X 0 0 0 Patricia Soderquist 2.00 X 0 0 0 Tim Winters 2.00 X 0 0 0 John Derry 40.00 X 178360 0 25970 Frank Scotti 40.00 X 145000 0 7447 Michael Mulryan 40.00 X 125000 0 6791 Mark Comeaux 40.00 X 100001 0 4365 Paul Alexander 40.00 X 140000 0 10543 Laura Close 40.00 X 82500 0 0 770861 0 55116 5 1 1 0 Bon Appetit 14730 Beach Blvd 107 La Mirada CA 90638 Cafeteria Services 985490 Veola-Trigen LA Energy Corp 1370 Valley Vista Dr Suite 100 Diamond Bar CA 91765 Central Plant Management Serv. 512305 PS Business Parks 22722 Lambert St Suite 1707 Lake Forest CA 92630 Leased Office BLDG Landlord 396293 Payne's Janitorial Services Inc 641 S Palm St Unit B La Hambra CA 90631 Janitorial 218587 Direct Print and Promotion 545 W Allen Ave 5 San Dimas CA 91773 Advertising 190792 14 108552 2204113 2312665 Tuition and Fees 900099 13439017 13439017 Auxiliary 900099 2719725 2719725 16158742 202907 202907 141837 45624 96213 96213 96213 19601 19601 19601 19601 16502 108552 127256 -110754 -110754 Other Income 900099 485299 485299 485299 19164673 16644041 0 207967 4622993 4622993 439277 136176 215246 87855 6721550 3177794 3326239 217517 20047 20047 386269 160766 212248 13255 106909 106909 286125 286125 124835 6009 115688 3138 24024 6381 1485 16158 209882 16128 181193 12561 18802 8877 9925 484041 484041 1114170 1114170 764278 247885 496364 20029 Adjunct Services 1795969 6667 1773672 15630 Utilities 866383 866383 Rentals and Leases 692674 537676 154998 Student Activities 229121 13622 201949 13550 Repairs and Maintenance 207947 315 206421 1211 824809 128782 651494 44533 19940105 9070071 10424597 445437 2123066 1071739 102023 86885 1399411 2307685 677318 568699 119835 113563 25513740 12121678 14699968 13392062 145295 182400 855579 159025 1904094 19425941 20482706 2584541 2404260 805447 1128344 4961435 4874197 10900 210900 0 1351582 8362323 9969283 X 5923583 4848024 1904435 2072901 3235600 3592498 11063618 10513423 19425941 20482706 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3594326 280037 2356 3876719 3462622 19039 112665 3594326 0.07300 0.92700 0.00000 1 0 1395070 1395070 15293759 4876128 10417631 5677695 4511438 1166257 3147216 2734112 413104 13392062 Trust and Annuity Assets 1769728 Interest Receivable 26525 Other Receivable 107841 1904094 Federal and Student Loan Obligations 246152 Trust and Annuity Liabilities 1105430 1351582 19164673 19940105 -775432 -75234 265747 34724 225237 -550195 14674050 -75234 -4588269 -4663503 19337553 -172880 -172880 19164673 15489992 172880 172880 15317112 4622993 4622993 19940105 Part V, Line 4: Description of Intended Use of Endowment Funds: Hope International University's endowment funds are maintained and preserved for future use supporting various purposes within the University. Some of these funds are restricted for scholarship purposes, some are available for general University use with the approval of the Board of Trustees, and others are maintained for future University uses yet to be determined by the Board of Trustees. Part XI, Line 8 - Other Adjustments: Change in value of interest rate swap: 34724. Part XII, Line 2d - Other Adjustments: Scholarships and grants netted with tuition revenue: -4622993. Change in value of interest rate swap: 34724. Part XII, Line 4b - Other Adjustments: Fundraising expenses reported on Part VIII, Line 8b: -127256. Rental expenses reported on Part VIII, line 6b: -45624. Part XIII, Line 2d - Other Adjustments: Rental expenses reported on Part VIII, line 6b: 45624. Fundraising expenses reported on Part VIII, Line 8b: 127256. Part XIII, Line 4b - Other Adjustments: Scholarships and Grants: 4622993. 1 1 1 The Non-Discrimination policy is published in Hope International University's advertisement through the newspaper and electronic media. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Federal financial aid funds under Title IV are received by the University and awarded and disbursed to its students. 1 Golf Tournament 125054 108552 16502 3234 50589 73433 125054 108552 16502 3234 50589 73433 127256 -110754 1 Student Financial Aid 556 4622993 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The federal aid office of the University requires students to complete the Free Application for Federal Student Aid (FAFSA) form to determine eligibility for Federal, State, and Institutional grants, scholarships, and loans. This is an equitable formula that measures all assets consistently. In addition to this form, the Institution does require some other guidelines in the event that funds are offered based upon certain academic credentials or performance in a University sponsored activity. These credentials are clearly stated in the University catalog and the University website. Enrollment and eligibility are monitored by the University. X 0 0 0 0 0 0 0 0 0 John Derry 178360 0 0 0 0 0 7764 0 18206 0 204330 0 0 0 Frank Scotti 145000 0 0 0 0 0 0 0 7447 0 152447 0 0 0 Paul Alexander 140000 0 0 0 0 0 0 0 10543 0 150543 0 0 0 Laura Close 82500 0 0 0 0 0 0 0 0 0 82500 0 0 0 Form 990, Part VI, Section B, line 11 Form 990 is prepared by an independent public accountant and reviewed by the Vice President of Business and Finance and University President. The University does not consider it necessary to provide the return to the Board of Directors prior to filing. Form 990, Part VI, Section B, line 15 Compensation programs are determined by utilizing compensation median and mean data provided by the Council for Christian Colleges and Universities. HIU's President reviews this data with the independent Executive Committee of our Board of Trustees to ensure appropriate compensation levels are being approved. The independent Board of Trustees also reviews this data to ensure the President's compensation is reasonable. All Board approved compensation is documented in the minutes. Form 990, Part VI, Section C, line 19 The organization makes its conflict of interest policy and financial statements available to the public upon request. Form 990, Part XI, Line 2c Explanation for Responsibility 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.