2021-05-17T19:01:23-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2019-07-01 860186050 ARIZONA CHRISTIAN UNIVERSITY ARIZ 6024895300 1 WEST FIRESTORM WAY GLENDALE AZ 85306 ROBIN KLUNG CHIEF FINANCIAL OFFICER 6024895300 2021-05-17 1 MELISSA HANGSLEBEN P02087031 6022662248 2021-05-17 2019 2022-09-23 18:48:47Z LEN MUNSIL 1 WEST FIRESTORM WAY GLENDALE AZ 85306 28683986 0 X WWW.ARIZONACHRISTIAN.EDU X 1960 AZ PROVIDE A BIBLICALLY INTEGRATED EDUCATION PREPARING GRADUATES TO SERVE THE LORD JESUS CHRIST. 16 16 415 50 0 0 7575458 4471637 19262947 22533507 17647077 18068 659412 -30343 45144894 26992869 8680797 10494088 0 0 7961145 9805571 238209 0 1330935 11875025 9487831 28755176 29787490 16389718 -2794621 49140515 57988528 20419017 33895085 28721498 24093443 X ARIZONA CHRISTIAN UNIVERSITY 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. ARIZONA CHRISTIAN UNIVERSITY EXISTS TO EDUCATE AND EQUIP FOLLOWERS OF CHRIST TO TRANSFORM CULTURE WITH THE TRUTH. 0 0 24223678 10494088 20072922 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 OUR MORE THAN 900 STUDENTS. 2269850 2460585 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. ACU 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. 26493528 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 1 0 0 0 1 42 0 415 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KELLY A BULLOCK 6024895300 1 WEST FIRESTORM WAY GLENDALE AZ 85306 LEN MUNSIL PRESIDENT 60.00 X 363749 0 19317 TIM FISCHER CONTRACT CFO (RETIRED 2/20) 50.00 X 174000 0 0 STEVE ADAMSON CHIEF OPERATING OFFICER 50.00 X 149664 0 15552 JEFF RUTTER VP OF ENROLLMENT 50.00 X 141868 0 16944 JAMES GRIFFITHS VP OF UNIVERSITY ENGAGEMENT 50.00 X 113240 0 12602 JONATHAN CLINE VP OF CAMPUS OPERATIONS 50.00 X 105428 0 15287 ROBIN KLUNG CFO (STARTED 4/20) 50.00 X 0 0 0 CATHERINE ELLINGSEN CHAIR 5.00 X X 0 0 0 THOMAS OKARMA VICE CHAIR 1.00 X X 0 0 0 DARLA CLARK TREASURER 1.00 X X 0 0 0 JOHN COCCA SECRETARY 1.00 X X 0 0 0 LARRY ANDERSON TRUSTEE (COMPLETED TERM 12/19) 1.00 X 0 0 0 GLENN DOBBS TRUSTEE 1.00 X 0 0 0 GREGORY KOURY MD TRUSTEE 1.00 X 0 0 0 PAUL WESTPHAL TRUSTEE 1.00 X 0 0 0 DR JIM BAUGH TRUSTEE 1.00 X 0 0 0 RICK BLANKENSHIP TRUSTEE 1.00 X 0 0 0 DR MARK FULLER TRUSTEE 1.00 X 0 0 0 DON KING TRUSTEE 1.00 X 0 0 0 WAYNE MIHAILOV TRUSTEE 1.00 X 0 0 0 FLOYD BROWN TRUSTEE 1.00 X 0 0 0 DAVID PRUIT TRUSTEE 1.00 X 0 0 0 DR SHELLY RODEN TRUSTEE 1.00 X 0 0 0 ANDREW UNKEFER TRUSTEE 1.00 X 0 0 0 1047949 0 79702 6 0 1 0 SODEXO INC AND ASSOCIATES DEPT 880328 LOS ANGELES CA 90088 DINING HALL FOOD SERVICE 2056250 WESTFALL 75 14TH STREET ME SUITE 3050 ATLANTA GA 30309 FUNDRAISING PLANNING & EXECUTION 209367 QCM TECHNOLOGIES 9060 E VIA LIND SUITE 220 SCOTTSDALE AZ 85258 CONTRACTED IT PROFESSIONALS 183417 FISCHER GIBBS CONSULTING GROUP TIM FIS 9014 N 87TH WAY SCOTTSDALE AZ 85258 CONTRACTED CFO 174000 DELL FINANCIAL SERVICES PO BOX 6549 CAROL STREAM IL 60197 IT EQUIPMENT LEASE 172409 9 14395 39705 4417537 3577636 4471637 STUDENT TUITION & FEES 611310 20072922 20072922 AUXILIARY SERVICES 611710 2460585 2460585 22533507 54570 54570 64494 0 64494 64494 64494 886662 752146 924301 751009 -37639 1137 -36502 -36502 15400 14395 15807 -407 -407 OTHER REVENUE 900099 17954 17954 LOSS ON CONTRACT 900099 -112384 -112384 -94430 26992869 22533507 0 -12275 10494088 10494088 725446 97689 334689 293068 7573485 7018362 264529 290594 57785 43417 15474 -1106 874232 630017 230814 13401 574623 508721 36303 29599 12002 1047 2457 8498 213594 213594 18682 18682 2482204 1825873 303569 352762 162323 162323 1156633 1023892 74784 57957 916376 759248 91937 65191 546051 531393 6083 8575 196083 178831 2403 14849 1178825 951826 112321 114678 1725571 1591223 78587 55761 369341 333760 24590 10991 DUES AND SUBSCRIPTIONS 324345 264744 46022 13579 BAD DEBT EXPENSE 100510 100510 OTHER EXPENSES 85291 77074 5679 2538 29787490 26493528 1963027 1330935 389000 1084217 8267135 9371089 481803 698654 1792 1073 623125 532420 38774598 2321588 35256857 36453010 999388 1044975 3121415 8803090 49140515 57988528 2632845 2573448 2064820 2966999 8405000 12468751 0 928329 17446835 1525000 1695200 799272 807603 20419017 33895085 X 20252107 15294279 8469391 8799164 28721498 24093443 49140515 57988528 X -2794621 98184 -1931618 X X 0 1 X 1 1 1 X 4833391 5572928 3174837 3575458 4471637 21628251 4833391 5572928 3174837 3575458 4471637 21628251 9281818 12346433 105061 60038 45073 441220 119064 770456 93572 250518 -94430 249660 22648367 90869981 0.54510 0.64520 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 93,572. 2018 AMOUNT: $ 250,518. 2019 AMOUNT: $ -94,430. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 999388 79427 33840 1044975 1030924 4464 36000 999388 1013684 17240 53243 22427 30816 1030924 3870022 61730 164365 2753703 1013684 3865422 40600 36000 3870022 0.00000 1.00000 0.00000 0 0 10370000 10370000 22140444 239641 21900803 5190034 2081947 3108087 1074120 1074120 36453010 ONLINE CURRICULUM 1820500 UNAMORTIZED BOND EXPENSES 1433277 DEPOSITS HELD WITH TRUSTEE 5549313 8803090 ANNUITY LIABILITY 807603 807603 X 16673882 98184 11410 -10425706 -10316112 26989994 18682 -15807 2875 26992869 21301937 11410 2015807 2027217 19274720 18682 10494088 10512770 29787490 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 X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME UNDER 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. THE UNIVERSITY UTILIZES THE PROVISIONS OF FASB ASC 7 40-10, ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE UNIVERSITY CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -28,121. PROVISIONS FOR PLEDGE DISCOUNT 96,503. SCHOLARSHIPS NETTED AGAINST REVENUE -10,494,088. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -15,807. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 15,807. LOSS ON UNCOLLECTIBLE PLEDGE 2,000,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP NETTED AGAINST REVENUE 10,494,088. 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 SUCH AS SUPPLEMENTARY EDUCATIONAL OPPORTUNITY GRANTS, WORK STUDY, PELL GRANTS, DIRECT STUDENT LOANS (LOAN GUARANTEES), AND TEACH GRANTS. WESTPHAL GOLF CLASSIC 29795 14395 15400 7467 8340 29795 14395 15400 7467 8340 15807 -407 1 SCHOLARSHIPS - STUDENT AWARDS 931 10494088 N/A N/A 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 AND 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 0 0 0 0 0 0 0 1 0 LEN MUNSIL PRESIDENT 267558 0 94945 0 1246 0 0 0 19317 0 383066 0 0 0 TIM FISCHER CONTRACT CFO (RETIRED 2/20) 174000 0 0 0 0 0 0 0 0 0 174000 0 0 0 STEVE ADAMSON CHIEF OPERATING OFFICER 148799 0 0 0 865 0 0 0 15552 0 165216 0 0 0 JEFF RUTTER VP OF ENROLLMENT 136216 0 5570 0 82 0 0 0 16944 0 158812 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 AS A BUSINESS EXPENSE AND IS NOT INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 7 THE BOARD INITIATED PAYMENT OF A PORTION OF THE PRESIDENT'S CONTRACTED COMPENSATION THAT WAS VOLUNTARILY NOT TAKEN DURING PREVIOUS YEARS. A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052BKD5 2019-11-21 8332404 FINANCE CERTAIN EDUCATIONAL FACILITIES OF THE UNIVERSITY 0 0 0 A 8350851 604000 1366571 166648 2634437 39083 3540112 0 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART II, LINE 3 THE DIFFERENCE BETWEEN THE PART I ISSUE PRICE AND PART II TOTAL PROCEEDS IS $18,447 OF INVESTMENT EARNINGS INCLUDED IN TOTAL PROCEEDS THAT ARE NOT INCLUDED IN THE ISSUE PRICE. 11438 SCHOLARSHIPS STUDENT AID DR TRACY MUNSIL ASSOC PROF FAMILY MEMBER OF PRESIDENT 68865 EMPLOYEE COMPENSATION 0 FISCHER GIBBS CONSULTING GROUP OWNED BY TIM FISCHER, CFO 111000 INDEPENDENT CONTRACTOR 0 JANIE UNKEFER FAMILY MEMBER OF TRUSTEE 48401 EMPLOYEE COMPENSATION 0 X SPORTS SURFACES 1 3550800 COST X BOOKS AND SUPPLIES 14 26836 FMV 0 0 1 0 PART I, COLUMN (B): PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRS OF: ACADEMIC COMMITTEE, GOVERNANCE COMMITTEE, CAMPUS LIFE COMMITTEE, AUDIT AND RISK COMMITTEE, AND ENDOWMENT INVESTMENT COMMITTEE PLUS THE FOUR OFFICERS AND ANY EX-OFFICIO MEMBERS OF THE BOARD OF TRUSTEES. 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 3 THE ORGANIZATION UTILIZES AN INDEPENDENT CONTRACTOR FIRM FOR FINANCIAL SERVICES. FISCHER GIBBS CONSULTING GROUP COMPENSATES TIM FISCHER WHO SERVED AS THE CFO OF THE ORGANIZATION UNTIL FEBRUARY 2020. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION APPROVED NEW BYLAWS THAT UPDATED ITS MISSION STATEMENT AND COMMITTEE STRUCTURE, AMONG OTHER THINGS. 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 FINANCE COMMITTEE AND THEN THE BOARD OF TRUSTEES PRIOR TO IT 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 15A 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. THIS PROCESS WAS LAST COMPLETED IN 2020. 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 ANNUITY -28,121. PROVISIONS FOR PLEDGE DISCOUNTS 96,503. LOSS ON UNCOLLECTIBLE PLEDGE -2,000,000. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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