2018-05-14T12:12:49-05:00 2017-06-30 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2016-07-01 860186050 Arizona Christian University ARIZ 6024895300 2625 E Cactus Rd Phoenix AZ 85032 Timothy R Fischer CFO 6024895300 2018-05-14 1 David C Moja P00747006 7195286225 139.146.132.42 2018-05-14 11:10:52 MD P 40D8E578998C630A575E14F9C1D0AFD01746A6CA F2647AA17EE559D6B83C81C3DA1A1C4A555A80A0 2016 2018-06-14 16:35:46Z Len Munsil 2625 E Cactus Rd Phoenix AZ 85032 23823637 0 X www.arizonachristian.edu X 1960 AZ Provide a biblically integrated education preparing graduates to serve the Lord Jesus Christ. 14 14 401 23 0 0 4833391 5572928 15172758 16332593 52570 -178946 3337 10493 20062056 21737068 7750255 7255478 0 0 6136386 6564803 61000 103718 1048280 5148514 7510674 19096155 21434673 965901 302395 27515328 27296747 14684167 14892817 12831161 12403930 ACU provides a biblically integrated, liberal arts education equipping graduates to serve the Lord Jesus Christ in all aspects of life, as leaders of influence and excellence. The vision of ACU is to educate and equip followers of Christ to transform culture with truth. 0 0 16255850 7255478 14424012 Educational Activities:Arizona Christian University is a private, non-profit, Christian university in Phoenix offering a variety of degree programs, honors courses, internship opportunities and multiple pre-professional tracks. ACU's distinguished professors are committed to developing the complete person through the integration of faith, learning, and Christian leadership for approximately 700 students. 739006 1908581 Auxiliary Services & Outreach Ministries: Arizona Christian University provides student life programs, updated facilities for students, and extra-curricular activities to further enhance the educational experience for each student.Arizona Christian University provides opportunities for students to fulfill the university's mission to engage the world for Jesus Christ and transform culture with truth. The university helps connect students with ministries in the surrounding community as well as provides the opportunity for students, faculty, and staff to participate in international mission trips. 16994856 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 1 1 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 1 1134 0 1 401 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X Tim Fischer 6024895300 2625 E Cactus Rd Phoenix AZ 85032 Andy Unkefer part year Chair 5.00 X X 0 0 0 Larry Anderson Vice Chair 5.00 X X 0 0 0 Shelly Roden Secretary 1.00 X X 0 0 0 Floyd Brown Trustee 1.00 X X 0 0 0 Jim Bull Trustee 1.00 X 0 0 0 Darla Clark Trustee 1.00 X 0 0 0 John Cocca Trustee 1.00 X 0 0 0 Don King Trustee 1.00 X 0 0 0 Mark Martin Trustee 1.00 X 0 0 0 John Miller Trustee 1.00 X 0 0 0 Steve Montenegro Trustee 1.00 X 0 0 0 Glenn Dobbs Trustee 1.00 X 0 0 0 Greg Koury Trustee 1.00 X 0 0 0 Paul Westphal Trustee 1.00 X 0 0 0 Catharine Ellingsen Trustee 1.00 X 0 0 0 Len Munsil President 60.00 X 274737 0 9574 Gary Damore Sr. VP & Provost 50.00 X 60117 0 0 Tim Fischer Chief Financial Officer 50.00 X 0 0 0 Karl Sterner VP of Adult & Online Studies 50.00 X 125813 0 13170 460667 0 22744 2 0 1 0 Sodexo Inc & Associates Dept 880328 Los Angeles CA 90088 Dining Hall Food Services 463482 Fischer-Gibbs Consulting 1084 W Musket Way Chandler AZ 85286 Consultant 214241 American Explorer 1701 E Elwood Phoenix AZ 85040 Transportation 115792 3 47325 60826 5464777 1862783 5572928 Student Tuition & Fees 611310 14424012 14424012 Auxiliary Services 611710 1891348 1891348 17233 17233 16332593 24878 24878 35160 0 35160 35160 35160 1061845 796233 1062862 999040 -1017 -202807 -203824 -203824 0 47325 24667 -24667 -24667 21737068 16332593 0 -168453 7255478 7255478 453217 164839 125844 162534 78107 78107 4930015 4202910 438023 289082 713067 597286 58906 56875 390397 336250 32417 21730 214241 214241 30011 30011 318353 100069 208536 9748 103718 103718 8703 8703 825978 698450 127528 196032 107191 88841 646345 537562 59275 49508 88441 79865 4620 3956 586216 562046 16087 8083 568989 536854 27140 4995 76134 51654 24480 596709 128122 308442 160145 858429 806923 17169 34337 158071 138711 9244 10116 Provision for Pledge Di 1895466 1895466 Dues/Fees/Subscriptions 225924 193666 18126 14132 Uniforms 156632 156632 Bad Debt Expense 60000 48000 6000 6000 21434673 16994856 3391537 1048280 608256 2086 471073 2357 3352421 4834687 379147 375356 23112 7091 5161 2440 912941 788349 21749781 6652084 15918248 15097697 603386 1013684 5241583 5173000 27515328 27296747 1276469 1607334 452135 421873 9280000 8064135 2981351 3540000 613589 449547 80623 809928 14684167 14892817 X 10735520 6321800 194863 5027280 1900778 1054850 12831161 12403930 27515328 27296747 X 302395 46578 -745208 -30996 X X 0 1 X 1 1 1 X 2617951 4536626 9364833 2481837 5572928 24574175 2617951 4536626 9364833 2481837 5572928 24574175 6339930 18234245 134329 140614 82901 105061 60038 522943 1210914 54427 43355 63700 1372396 26469514 68217584 0.68890 0.79240 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising - 2012 Amount: $ 9,450. 2013 Amount: $ 30,625. 2014 Amount: $ 26,639. 2015 Amount: $ 63,700. Other income - 2012 Amount: $ 1,201,464. 2013 Amount: $ 23,802. 2014 Amount: $ 16,716. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3870022 61730 164365 2753703 1013684 3865422 40600 36000 3870022 3897403 41019 36000 37000 3865422 3893503 183270 134367 45003 3897403 3876192 204176 134290 52576 3893502 1.00000 0 0 3560033 3560033 14765439 4037731 10727708 3307437 2499148 808289 116872 115205 1667 15097697 Curriculum 5173000 5173000 Annuity Liability 809928 809928 14837618 46578 46578 14791040 8703 6937325 6946028 21737068 14519641 24667 24667 14494974 8703 6930996 6939699 21434673 Part V, Line 4: The purpose of investment and endowment funds is to support the short and long term financial needs of Arizona Christian University. Part V, line 1f: Prior period adjustments were made to the Audited Financial Statements for FY 6/30/17. Since the 990 is a roll forward from the prior year 990, these adjustments made in the financial statements have been recorded on the 990 as Administrative Expenses on line 1f and are summarized below: - Annuity Liability (previously recorded as endowment funds): $814,932 - Quasi Endowment (previously recorded as endowment funds) released by Board Action to Unrestricted - non-endowed funds: $1,938,771 Part XI, Line 4b - Other Adjustments: Fundraising expenses -24,667. Scholarships and fellowships netted against revenue in audit 6,930,996. Change in value of split-interest agreement 30,996. Part XII, Line 2d - Other Adjustments: Fundraising expenses 24,667. Part XII, Line 4b - Other Adjustments: Scholarships and fellowships netted against revenue in audit 6,930,996. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 In accordance with Rev. Proc. 75-50, the nondiscrimination policy is included in all brochures, mailings, catalogs, and is available online. Schedule E, Part I, Line 6 Student financial aid is received from the U.S. Department of Education: Supplemental Educational Opportunity Grants Work Study Pell Grants Direct Student Loans (Loan Guarantees) TEACH Grants X X X X X 1 One Accord 1018 Market St Kirkland WA 98033 Fundraising planning and execution 0 0 53000 -53000 The Westfall Group 75 Fourteenth St NE Suite 3050 Atlanta GA 30309 Fundraising planning and execution 0 0 19963 -19963 Ravela Insights 4957 Lakemont Blvd SE Suite C-4 3 Bellevue WA 98006 Raiser's Edge Database Project 0 0 10655 -10655 PhilanthroCorp 111 S Yejon St Suite 520 Colorado Springs CO 80903 Fundraising - Estate Planning 0 0 7500 -7500 Rhode Consulting 10114 N 100th Place Scottsdale AZ 85258 Strategic direction for fund development programs 0 0 12600 -12600 103718 -103718 AZ CO ACU Golf Classic 47325 47325 3220 10422 10931 94 47325 47325 3220 10422 10931 94 24667 -24667 1 Scholarships and tuition assistance 700 7255478 Part I, Line 2: All scholarships are awarded to students who have completed the college's admissions requirements and have registered for classes. Scholarships require a student to maintain a full-time status throughout the semester and are awarded for one year; divided evenly between the Fall and Spring semesters. Most scholarships are renewed annually as long as the student meets the renewal criteria, completes the FAFSA. Music and athletic scholarships require re-evaluation each year and are not automatically renewed. Scholarships are awarded with the understanding that a student will complete the semester for which the award is received. A student must be in good standing and making satisfactory progress in order to receive a scholarship. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Len Munsil President 274737 0 0 0 0 0 0 0 10090 0 284827 0 0 0 Part I, Line 1a Occasionally the President's spouse (also a University employee) accompanies him to conferences and other events where her presence is requested and there is a valid business purpose. This is treated a bona fide business expense and is not included in taxable compensation. A The Industrial Development Authority of the City of Phoenix Arizona 522038405 2014-01-29 10000000 Refund prior issue 7/10/08 for construction/remodeling 0 0 0 A 365000 10000000 330822 126168 1198220 8344790 2014 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Andy Unkefer Officer and board member Loan X 2775000 2775000 0 1 1 Shelly Roden Board member Loan X 540000 540000 0 1 1 Don King Board member Loan X 200000 200000 0 1 1 Len Munsil Officer Loan X 25000 25000 0 1 1 3540000 67299 Scholarships Scholarship Dr Tracy Munsil Assoc Prof De Family member of President 78107 Employee compensation 0 Fischer Gibbs Consulting Group Entity owned by CFO 214241 Consulting 0 Schedule L, Pt. II All of the notes payable reported on Schedule L, Pt. II began in the current tax year. The balances due in column f have therefore not decreased from the original principal amount in column e. X 1 710000 Appraisal X Turf 1 1100000 Gift in Kind valued X Piano 1 35000 Appraisal X Various 19 17783 Gift in Kind valued 0 0 1 0 Part I, Column (b): The number of contributions reported is the number of contributions made, not the number of items contributed. Form 990, Part VI, Section A, line 1 The Executive Committee is comprised of the Chair, Vice Chair, Secretary, Finance Committee Chair, Endowment Committee Chair, Campus Life Committee Chair, Faculty-Curriculum-Library Committee Chair, and the President. The Board of Trustees entrusts the governing of the University between Board sessions to the Executive Committee. The Executive Committee shall meet as often as deemed necessary to fulfill its responsibilities, and shall be bound to abide within the defined policies of the Board of Trustees. Form 990, Part VI, Section A, line 2 Board members Shelly Roden and Don King have a business relationship. Form 990, Part VI, Section A, line 3 Fischer Gibbs Consulting Group compensates Tim Fischer who serves as CFO of the organization. He received reportable compensation of $214,241. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm, then reviewed in detail by the Finance Team, before the return is provided to the Audit Committee and then the whole board prior to its being submitted to the IRS. Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees are required to submit conflict of interest disclosures annually. These forms are reviewed by management as well as the Audit Committee. Any conflicts or potential conflicts are resolved by the Audit Committee and the Board of Trustees. All interested parties are required to recuse themselves from board deliberations and any subsequent vote. Form 990, Part VI, Section B, line 15 The University participates in annual compensation studies of various higher education associations and the independent board has access to these studies when determining compensation for officers and key employees. Each time the President's contract is extended or renewed, the independent board reviews salary studies and comparable compensation and benefits prior to entering into the contract. The compensation process and decision are documented in the board minutes. Form 990, Part VI, Section C, line 19 The University makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request. Form 990, Part XI, line 9: Change in value of split-interest agreement -30,996. Charitable remainder trust (1) Hold assets and remit income to University AZ Arizona Christian University T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0