2022-05-16T17:43:34-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2020-07-01 860186050 ARIZONA CHRISTIAN UNIVERSITY ARIZ 6024895300 1 WEST FIRESTORM WAY GLENDALE AZ 85306 JAMES TITO CHIEF OPERATING OFFICER 6024895300 2022-05-13 1 JAMES TITO 999009999 MELISSA HANGSLEBEN P02087031 6022662248 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LEN MUNSIL 1 WEST FIRESTORM WAY GLENDALE AZ 85306 42553233 0 X WWW.ARIZONACHRISTIAN.EDU X 1960 AZ PROVIDE A BIBLICALLY INTEGRATED EDUCATION PREPARING GRADUATES TO SERVE THE LORD JESUS CHRIST. 15 15 408 64 0 0 4471637 13351710 22533507 27710043 18068 149879 -30343 504304 26992869 41715936 10494088 13860326 0 0 9805571 10859590 0 0 1562399 9487831 12378303 29787490 37098219 -2794621 4617717 57988528 57965116 33895085 30359587 24093443 27605529 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 30108783 13860326 23070352 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 1,000 STUDENTS. 3446375 0 4639691 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 AND SERVICE OPPORTUNITIES IN THE SURROUNDING COMMUNITY AS WELL AS PROVIDES THE OPPORTUNITY FOR STUDENTS, FACULTY, AND STAFF TO PARTICIPATE IN INTERNATIONAL MISSION TRIPS. 33555158 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 23 0 408 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 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 581719 0 58133 STEVE ADAMSON PROVOST & EXECUTIVE VP 50.00 X 192964 0 27112 JEFF RUTTER VP OF ENROLLMENT 50.00 X 133139 0 30540 JAMES GRIFFITHS VP OF UNIVERSITY ENGAGEMENT 50.00 X 113921 0 25984 JON CLINE VP OF CAMPUS OPERATIONS 50.00 X 109832 0 16800 ROBIN KLUNG CHIEF FINANCIAL OFFICER 50.00 X 101389 0 11952 CATHERINE ELLINGSEN CHAIR 5.00 X X 0 0 0 THOMAS OKARMA VICE CHAIR 1.00 X X 0 0 0 ANDREW UNKEFER TREASURER 1.00 X X 0 0 0 DARLA CLARK TREASURER (THRU 9/20) 1.00 X X 0 0 0 JOHN COCCA SECRETARY 1.00 X X 0 0 0 GLENN DOBBS TRUSTEE 1.00 X 0 0 0 GREGORY KOURY MD 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 PRUITT TRUSTEE 1.00 X 0 0 0 DR SHELLY RODEN TRUSTEE 1.00 X 0 0 0 LARRY ANDERSON TRUSTEE 1.00 X 0 0 0 PAUL WESTPHAL TRUSTEE (THRU 1/21) 1.00 X 0 0 0 1232964 0 170521 9 0 1 0 SODEXO INC AND ASSOCIATES DEPT 880328 LOS ANGELES CA 90088 DINING HALL FOOD SERVICE 4360557 DELL FINANCIAL SERVICES PO BOX 6549 CAROL STREAM IL 60197 IT EQUIPMENT LEASE 290786 QCM TECHNOLOGIES 9060 E VA LINDA STE 220 SCOTTSDALE AZ 85258 IT SERVICES 126719 3 5691608 7660102 43560 13351710 STUDENT TUITION & FEES 611310 23070352 23070352 AUXILIARY SERVICES 611710 4639691 4639691 27710043 23840 23840 477927 0 477927 477927 477927 963336 832648 4649 130688 -4649 126039 126039 OTHER REVENUE 900099 26377 26377 26377 41715936 27710043 0 654183 X 13860326 13860326 1051109 362621 294942 393546 8093973 7222133 486403 385437 108086 102293 5381 412 981365 923404 39640 18321 625057 541541 46553 36963 7031 2032 4999 110270 110270 9898 9898 4135426 3490309 296372 348745 320415 25595 205131 89689 1009564 919637 47203 42724 1082029 937904 88435 55690 597925 585842 4604 7479 126065 118461 2797 4807 1616122 1406026 129290 80806 2522643 2275108 171105 76430 387768 361871 17825 8072 DUES AND SUBSCRIPTIONS 322033 297697 13787 10549 OTHER EXPENSES 131114 122358 6027 2729 37098219 33555158 1980662 1562399 1084217 3669118 9371089 6244269 698654 791384 1073 1007 532420 510312 44542124 3100139 36453010 41441985 1044975 1364063 8803090 3942978 57988528 57965116 2573448 1985044 2966999 1930605 8405000 8405000 17446835 17241078 1695200 0 807603 797860 33895085 30359587 X 15294279 21346975 8799164 6258554 24093443 27605529 57988528 57965116 X 4617717 210654 -1316285 X 0 1 X 1 1 1 X 5572928 3174837 3575458 4471637 13351710 30146570 5572928 3174837 3575458 4471637 13351710 30146570 11365229 18781341 60038 45073 441220 119064 501767 1167162 93572 250518 -94430 26377 276037 31589769 103305717 0.59450 0.54510 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. 2020 AMOUNT: $ 26,377. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1044975 355284 36196 1364063 999388 79427 33840 1044975 1030924 4464 36000 999388 1013684 17240 53243 22427 30816 1030924 3870022 61730 164365 2753703 1013684 0.00000 1.00000 0.00000 0 0 10370000 10370000 29434487 655774 28778713 4481119 2444365 2036754 256518 256518 41441985 UNAMORTIZED BOND EXPENSES 1384463 DEPOSITS HELD WITH TRUSTEE 1925671 ROU ASSET - FINANCING 632844 3942978 ANNUITY LIABILITY 797860 797860 X 29854312 210654 27485 -12089865 -11851726 41706038 9898 9898 41715936 26342226 27485 1346040 1373525 24968701 9898 12119620 12129518 37098219 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 -28,927. PROVISIONS FOR PLEDGE DISCOUNT 58,682. SCHOLARSHIPS NETTED AGAINST REVENUE -12,119,620. PART XII, LINE 2D - OTHER ADJUSTMENTS: ONLINE CURRICULUM WRITE-OFF MOVED TO PART XI 910,250. LOSS ON UNCOLLECTIBLE PLEDGES MOVED TO PART XI 435,790. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP NETTED AGAINST REVENUE 12,119,620. 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. 1 SCHOLARSHIPS - STUDENT AWARDS 995 12119620 EMERGENCY STUDENT GRANTS PAID DIRECTLY TO STUDENTS 703 1740706 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 X 0 0 0 0 0 0 0 1 0 LEN MUNSIL PRESIDENT 417173 0 160000 0 4546 0 8550 0 49583 0 639852 0 0 0 STEVE ADAMSON PROVOST & EXECUTIVE VP 189440 0 0 0 3524 0 6022 0 21090 0 220076 0 0 0 JEFF RUTTER VP OF ENROLLMENT 120252 0 12500 0 387 0 4204 0 26336 0 163679 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 OR THERE IS A VALID BUSINESS PURPOSE, INCLUDING BUILDING RELATIONSHIPS WITH ACU DONORS AND/OR IN HER CAPACITY AS EXECUTIVE DIRECTOR OF THE CULTURAL RESEARCH CENTER AT ACU. 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 UNIVERSITY EDUCATIONAL FACILITIES 0 0 0 A 8372159 606037 457216 164392 919825 6183341 39083 2266 2021 0 0 0 1 A 0 1 1 1 0 0.00150 0.00150 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 OF ISSUE IS $39,755 OF INVESTMENT PROCEEDS INCLUDED IN TOTAL PROCEEDS OF ISSUE. DR TRACY MUNSIL FAMILY MEMBER OF PRESIDENT 72000 INDEPENDENT CONTRACTOR COMPENSATION 0 JANIE UNKEFER FAMILY MEMBER OF TRUSTEE 53500 EMPLOYEE COMPENSATION 0 X GRAND PIANO 1 30000 FMV X FURNITURE 1 11858 FMV X SUPPLIES 4 1702 FMV 0 0 1 0 PART I, COLUMN (B): 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 MANAGEMENT COMMITTEE, AND 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 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 CONFLICTED PARTIES ARE REQUIRED TO RECUSE THEMSELVES FROM BOARD DELIBERATIONS AND ANY SUBSEQUENT VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES' COMPENSATION COMMITTEE REVIEWS ANNUAL COMPENSATION STUDIES FROM VARIOUS HIGHER EDUCATION ASSOCIATIONS AND COMPARABLE COMPENSATION PACKAGES FOR CHIEF EXECUTIVES AT OTHER HIGHER EDUCATION INSTITUTIONS AND NONPROFITS. WHILE SEEKING TO EXTEND THE PRESIDENT'S CONTRACT IN 2021, THE COMMITTEE HIRED AN INDEPENDENT CPA TO PRODUCE A COMPARABILITY STUDY FOR ITS REVIEW. IN ADDITION TO THE COMPARABILITY STUDY, THE BOARD RECOGNIZED: PRESIDENT MUNSIL'S PERFORMANCE AND LEADERSHIP IN THE UNIVERSITY'S GROWTH FROM A $6 MILLION ORGANIZATION TO A $25-30 MILLION ORGANIZATION ACHIEVING UNPRECEDENTED REGIONAL AND NATIONAL AWARDS AND RANKINGS FOR EXCELLENCE; HIS ROLE IN CONCEIVING OF, INITIATING AND NEGOTIATING A LAND SWAP ENABLING ACU TO MOVE FROM A LAND-LOCKED 20-ACRE CAMPUS TO A 68-ACRE CAMPUS, PRODUCING A $31 MILLION ASSET GAIN FOR THE UNIVERSITY; HIS SUCCESS IN MORE THAN QUINTUPLING AVERAGE ANNUAL FUNDRAISING TOTALS, INCLUDING PERSONALLY SOLICITING MULTIPLE 7-FIGURE-PLUS GIFTS; AND HIS DECISION TO STAY AT ACU DESPITE BEING RECRUITED FOR OTHER OPPORTUNITIES, INCLUDING THE PRESIDENCY OF LARGER CHRISTIAN UNIVERSITIES. THE COMPENSATION COMMITTEE DETERMINED THAT PRESIDENT MUNSIL'S PERFORMANCE RECORD AND MARKETABILITY JUSTIFIED A SALARY IN THE HIGH RANGE OF COMPARABLES. THE COMMITTEE ALSO RECOGNIZED DURING THESE YEARS OF GROWTH THAT PRESIDENT MUNSIL CHOSE TO NOT TAKE RAISES OR RECEIVE THE FULL SALARY IN HIS EMPLOYMENT CONTRACT. WHILE THE UNIVERSITY IS NOT OBLIGATED TO PROVIDE FOR SALARY NOT TAKEN, THE COMMITTEE SOUGHT TO RESTORE SOME OF THAT LOST SALARY WHEN FINANCIALLY ABLE BY PROVIDING ADDITIONAL PAYMENTS DURING THE NEXT FEW YEARS OF HIS EMPLOYMENT, WHICH HAS BEEN EXTENDED IN A NEW CONTRACT THROUGH 2026. ONE SUCH ADDITIONAL PAYMENT IS REFLECTED IN THIS YEAR'S 990. 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 IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 3,490,309. MANAGEMENT AND GENERAL EXPENSES 296,372. FUNDRAISING EXPENSES 348,745. TOTAL EXPENSES 4,135,426. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -28,927. PROVISIONS FOR PLEDGE DISCOUNTS 58,682. ONLINE CURRICULUM WRITE-OFF -910,250. LOSS ON UNCOLLECTIBLE PLEDGES -435,790. 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