2011-02-15T12:18:15-06:00 2010-06-30 Capin Crouse LLP 975 West Imperial Hwy Ste 120 Brea CA 928213815 990 2009-07-01 951744369 Azusa Pacific University AZUS 6268156000 901 E Alosta Avenue Azusa CA 917027000 Stephen Grey 6268156000 2011-02-15 1 Christine N Abrams 7146719300 2009 2016-02-24 21:20:13Z Dr Jon R Wallace 901 E Alosta Avenue Azusa CA 917027000 238641909 0 X www.apu.edu X 1947 CA To advance the work of God in the world through academic excellence in higher education. 25 23 4766 1190 322793 -42145 15907114 9623232 182072032 193823932 -106359 15685285 5337687 8279734 203210474 227412183 26687735 32819319 0 112522421 116461634 44254 9955 3069985 67024995 69540747 206279405 218831655 -3068931 8580528 370902278 358794690 192514328 191746756 178387950 167047934 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 161014965 32819319 169069108 InstructionThe University enrolls more than 8,500 students and offers more than 50 areas of undergraduate study, more than 40 masters' degree programs, and 8 doctorate programs. 20572845 29298797 Auxiliary Enterprises 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. 1127616 924520 OutreachOutreach 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. 182715426 1 1 0 0 0 0 1 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 1 0 0 0 0 1 12613 0 4766 1 1 1 1 GM SF 0 0 0 0 0 0 0 1 25 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 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 299795 0 38610 Larry Acosta 1.00 X 0 0 0 Elizabeth Maring 1.00 X 0 0 0 Deana Lynn Porterfield 40.00 X 138661 0 25855 Dr David Bixby 40.00 X 213466 0 28611 Dr Michael M Whyte 40.00 X 200911 0 26358 Kathleen Reid Martinez ex officer 40.00 X 31230 0 70553 Mark S Dickerson 40.00 X 189724 0 16199 Robert L Johansen 40.00 X 155075 0 27129 Terry A Franson 40.00 X 147328 0 20828 Dr H Easterling Williams 40.00 X 155352 0 17627 Dr Fred Garlett 40.00 X 176968 0 16199 Dr Ilene Bezjian 40.00 X 156968 0 25574 Dr Paul Gray 40.00 X 160911 0 12230 Dr Aja Lesh 40.00 X 146067 0 18999 Dr David Weeks 40.00 X 147258 0 26092 Dr Diane Guido 40.00 X 138831 0 25120 Dr Robert H Martin 40.00 X 137839 0 13067 Dr Ruth Ana Abigail 40.00 X 147446 0 17939 John C Reynolds 40.00 X 187668 0 29638 2931498 0 456628 81 1 1 0 CW Driver Contractors 448 Rosemead Blvd Pasadena CA 91107 General Contractor 18060336 Hodgdon Miank Construction Inc 1461 E Cooley Dr 240 Coton CA 92324 General Contractor 3796897 Ciber Inc 5251 DTC Pkwy Ste 1400 Greenwood Village CO 80111 Software Consulting 2503383 AC Martin Partners Inc 444 S Flower St Ste 1200 Los Angeles CA 90071 Architects 277995 DJ Construction Services Inc 185 Indian Springs Rd San Dimas CA 91773 General Contractor 226170 5 205 1085499 8537528 2894029 9623232 Tuition & fees 611600 172957547 172957547 Auxiliary enterprises 611600 15739953 15739953 Other prog svc inc 611600 4201912 4201912 Outreach ministries 611600 924520 924520 193823932 1314310 1314310 2741694 1057376 1684318 1684318 1684318 16457309 2086334 14370975 14370975 14370975 4130 205 4130 4130 13554509 8086016 5468493 5468493 Settlement & bqt sales 722320 920430 800000 120430 Prtg/grphcs/media/etc 812900 205033 205033 Partnership losses 525990 -2670 -2670 1122793 227412183 200092425 322793 17373733 32819319 32819319 2586003 612726 1519863 453414 482978 261874 221104 88102105 77391147 9123591 1587367 4368411 3867346 401905 99160 14885895 12457163 2243730 185002 6036242 5366354 539383 130505 301629 148 301481 67269 67269 9955 9955 144040 144040 3122404 2468783 630504 23117 5558684 4194835 1265969 97880 6600733 3354119 3135378 111236 5122415 2075926 3020744 25745 11740 11740 7113611 3646897 3466686 28 4744729 4168710 462225 113794 286139 253396 20207 12536 5820248 5816091 4157 11404355 10708635 695720 2488248 17060 2471143 45 Maint, Repair, Renov 2058633 1186744 871889 O/C Room and Board 1706505 1706505 Books 1189608 1166366 21994 1248 Online Class Fees 993261 993261 O/C Tuition 849081 849081 9957415 7321200 2417262 218953 218831655 182715426 33046244 3069985 15229351 1875878 3605403 14806876 5030966 2792841 10864040 12758489 400000 441989 134599 178011 1783832 1993985 2537791 2895145 337454658 70573212 266633267 266881446 37517693 39422345 2513806 1933205 8424871 8365268 16226659 4449212 370902278 358794690 15858736 14277167 4072503 4072503 5168760 4812174 144636443 138403000 22777886 30181912 192514328 191746756 X 126840433 117869913 28743242 29761063 22804275 19416958 178387950 167047934 370902278 358794690 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1098500 2478500 X X X 0 37170265 344882 2610266 896863 39228550 38208092 2318146 -2054627 1301346 37170265 0.58500 0.39500 0.02000 0 0 2300647 55875289 58175936 27137787 210593138 47434360 190296565 2122122 489076 1633046 29840138 16818526 13021612 9585537 5831250 3754287 266881446 Accrued Interest Payable 3379 Annuities Payable 1288307 Trust Liab. Due to Others 448929 Other Liabilities 417747 Asset Retirement Obligation 1105243 Accrued Loss on Interest Rate Swap 26918307 30181912 227412183 218831655 8580528 -12277149 -7643395 -19920544 -11340016 191459107 -12277149 9143392 -3133757 194592864 32819319 32819319 227412183 195155728 9143392 9143392 186012336 32819319 32819319 218831655 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. Part V, Line 4: Description of Intended Use of Endowment Funds: Primarily scholarships. Part X: Description of Uncertain Tax Positions Under FIN 48: On July 1, 2009, the University adopted the new provisions of the Income Tax Topic of the Financial Accounting Standards Board (FASB) Acounting Standards Codification (ASC). As of June 30, 2010, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: Change in Value of Split Interest Agreements: 76375. Unrealized Loss on Interest Rate Swap: -7657209. Accretion for Asset Retirement Obligation: -62561. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold Included in 990 Part VIII: 8086016. Rent Expense Included in 990 Part VIII: 1057376. Part XII, Line 4b - Other Adjustments: Student Financial Aid Netted with Revenue on Financial Stmt: 32819319. Part XIII, Line 2d - Other Adjustments: Cost of Goods Sold Included in 990 Part VIII: 8086016. Rent Expense Included in 990 Part VIII: 1057376. Part XIII, Line 4b - Other Adjustments: Student Financial Aid Netted with Revenue on Financial Stmt: 32819319. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The University receives Student Financial Aid awards from the U.S. Department of Education and the California Student Aid Commission. 1 Sub-Saharan Africa 0 2 Program services Foreign studies 956334 North America 0 3 Program services Outreach ministries 1127616 Europe 0 1 Program services Foreign studies 726948 0 6 2810898 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. Schedule F, Part IV Other Information 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. 1 Intern Grants 513 325957 Faculty Research 151 158344 Creative Teaching Grants 11 17260 Scholarships 4490 32317758 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 0 0 0 0 0 0 Dr Jon R Wallace 298414 0 0 0 1381 0 24400 0 90389 0 414584 0 0 0 Deana Lynn Porterfield 138661 0 0 0 0 0 11645 0 38985 0 189291 0 0 0 Dr David Bixby 165610 0 38856 0 9000 0 14401 0 14210 0 242077 0 0 0 Dr Michael M Whyte 200911 0 0 0 0 0 16287 0 21491 0 238689 0 0 0 Mark S Dickerson 189724 0 0 0 0 0 14435 0 1764 0 205923 0 0 0 Robert L Johansen 155075 0 0 0 0 0 12919 0 18950 0 186944 0 0 0 Terry A Franson 143128 0 0 0 4200 0 11986 0 8842 0 168156 0 0 0 Dr H Easterling Williams 155352 0 0 0 0 0 12488 0 5139 0 172979 0 0 0 Dr Fred Garlett 176968 0 0 0 0 0 11060 0 5139 0 193167 0 0 0 Dr Ilene Bezjian 156968 0 0 0 0 0 11364 0 25630 0 193962 0 0 0 Dr Paul Gray 160911 0 0 0 0 0 12230 0 0 0 173141 0 0 0 Dr Aja Lesh 146067 0 0 0 0 0 11857 0 7142 0 165066 0 0 0 Dr David Weeks 147258 0 0 0 0 0 11882 0 14210 0 173350 0 0 0 Dr Diane Guido 138831 0 0 0 0 0 10910 0 14210 0 163951 0 0 0 Dr Robert H Martin 137839 0 0 0 0 0 7928 0 5139 0 150906 0 0 0 Dr Ruth Ana Abigail 147446 0 0 0 0 0 9172 0 8767 0 165385 0 0 0 John C Reynolds 187668 0 0 0 0 0 15428 0 45454 0 248550 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. The fair rental value of this housing is shown as a nontaxable benefit on Schedule J Part II. Housing Allowance Paid to: Former Officer: Kathleen Reid Martinez Supplemental Information Part III 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 Statewide Communities Development Authority 680164610 130795JF5 2007-07-24 140340000 Purch APT Complex; construct-bldg; payoff 2003 Bonds 0 0 141240 15409654 4032161 2220096 1857606 117720483 2009 0 1 0 1 0 0 0 0 1 1 0 1 1 Allied Irish Bank 31.700000000000 1 Bayerisch Landesbank 2.170000000000 1 0 0 David Bixby Assoc Inv agreement per Employee Contract Agreement X 250000 250000 0 1 1 H E Williams Assoc Inv agreement per Employee Contract Agreement X 150000 191989 0 1 1 441989 Various Qualified tuition discount 109141 Gail A Wallace Family of President 26093 Employment 0 D Craig Wallace Family of President 94059 Employment 0 Vicken A Bezjian Family of Dean-Bus. 104408 Employment 0 Dustin Scott Reynolds Family of EVP ADM 43826 Employment 0 Jon Krimmel Family of VP Bus Aff/CFO 35750 Employment 0 James Bezjian Family of Dean-Bus. 12991 Employment 0 Tim Stripe Trustee 59300 Executive retreat held at Grand Pacific Resort where Tim Stripe is co-president 0 X 13 1036000 FMV-Appraisal X 7500 FMV-Comparable Sales X 1 4300 FMV-Comparable Sales X 3 10761 Public exchange X 2 480687 FMV-Appraisal X 2 1077000 FMV-Appraisal X Piano 1 12000 FMV-Comparable sales X Display Cases 1 40000 FMV-Comparable sales X Pledge Receivable 1 225781 FMV-Cash Value 0 1 1 Third Party Use: Part I, Line 32b: 3rd Party Investment Broker is used to sell contributed stock at FMV. 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 Audit committee will review an electronic copy of 990 Statement. An electronic copy of the Form 990 will also be presented to the full board 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 15a 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 last such review is dated December 10, 2008. However, the University obtained an independent consultant review for David Bixby in Fall 2010. 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 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. Azusa Pacific Holdings LLC 2575 E Camelback Road Phoenix AZ 85016 Hold Arizona real estate AZ 1064000 1064000 N/A