2025-05-02T08:53:46-05:00 2024-06-30 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DRIVE SUITE 1300 SAN DIEGO CA 92121 990 2023-07-01 956002998 VANGUARD UNIVERSITY OF SO CAL VANG 7145563610 55 FAIR DRIVE COSTA MESA CA 92626 MICHAEL PEARLMAN CHIEF FINANCIAL OFFICER 7145563610 2025-05-01 1 0 JANE COLEMAN P01391236 8586271400 2023 2025-03-06 01:10:19Z MICHAEL J BEALS 55 FAIR DRIVE COSTA MESA CA 92626 113541859 0 X WWW. VANGUARD.EDU X 1920 CA TO PURSUE KNOWLEDGE, CULTIVATE CHARACTER, DEEPEN FAITH, AND EQUIP EACH STUDENT FOR A SPIRIT-EMPOWERED LIFE OF CHRIST-CENTERED LEADERSHIP AND SERVICE. 22 17 1108 87 -7459 0 9705186 5737065 84156245 85633702 190089 393815 757434 837625 94808954 92602207 34719997 36150137 0 0 31975367 32764645 0 0 844062 26412587 25472129 93107951 94386911 1701003 -1784704 106648125 115063563 53736033 63770807 52912092 51292756 X THE MISSION OF VANGUARD UNIVERSITY IS TO PURSUE KNOWLEDGE, CULTIVATE CHARACTER, DEEPEN FAITH, AND EQUIP EACH STUDENT FOR A SPIRIT-EMPOWERED LIFE OF CHRIST-CENTERED LEADERSHIP AND SERVICE. 0 0 69730073 35823451 79758767 TRADITIONAL UNDERGRADUATE: BACHELORS DEGREES IN 37 MAJORS AND ONE CERTIFICATE PROGRAM IN ANTI-HUMAN TRAFFICKING. VANGUARD STUDENTS ARE IMMERSED IN A LEARNING ENVIRONMENT THAT IS DESIGNED FOR STUDENT SUCCESS BOTH IN AND OUT OF THE CLASSROOM. VANGUARD'S COMMITMENT TO STUDENT LEARNING AND DEVELOPMENT PROMOTES ACADEMIC TRANSFORMATION BY CULTIVATING STUDENTS TO THINK CRITICALLY, COMMUNICATE CLEARLY, INTERACT INTELLIGENTLY AND ENGAGE IN CIVIC RESPONSIBILITIES. VANGUARD'S RELATIONAL CULTURE REFLECTS THE UNIVERSITY'S CORE VALUES TO ENCOURAGE SPEAKING TO ONE ANOTHER WITH UNCOMPROMISED TRUTH IN LOVE; LIVE IN COMMUNITY WITH INTEGRITY AND UNYIELDING MORAL CHARACTER; AND TO CARE FOR THE WELL-BEING OF ONE ANOTHER. THESE CORE VALUES ARE EVIDENCED IN LOCAL AND GLOBAL PROJECTS. 1428352 70729 1602099 THE PROFESSIONAL STUDIES PROGRAM IS A NON-TRADITIONAL PROGRAM BY WHICH STUDENTS CAN EARN AN ACCELERATED BACHELOR'S DEGREE IN BUSINESS, PSYCHOLOGY, THEOLOGY, NURSING (REGISTERED NURSE TO BACHELOR OF SCIENCE IN NURSING), AND EARLY CHILDHOOD. THERE ARE ALSO THREE CERTIFICATE PROGRAMS AVAILABLE: EARLY CHILDHOOD, ANTI-HUMAN TRAFFICKING, AND MINISTRY LEADERSHIP THAT ARE AVAILABLE TO NON-DEGREE SEEKING STUDENTS. THE VISION FOR OUR NON-TRADITIONAL STUDENT PROGRAM IS TO BE ORANGE COUNTY'S TOP CHOICE FOR AN ACCELERATED EDUCATION WITH A CHRISTIAN FOUNDATION, A PLACE WHERE STUDENTS ARE EMPOWERED TO DISCERN THEIR CALLING, DISCOVER THEIR GIFTEDNESS, AND DEVELOP THEIR COMPETENCIES. 594434 8007 666742 THE GRADUATE PROGRAM IN EDUCATION OFFERS A PRELIMINARY CREDENTIAL PROGRAM AND A MASTER OF ARTS PROGRAM. ELIGIBLE STUDENTS MAY APPLY THEIR CREDENTIAL COURSEWORK TOWARD A SUBSEQUENT MASTER OF ARTS IN EDUCATION. THE PRELIMINARY TEACHING CREDENTIAL PROGRAM IS COMPOSED OF THE MULTIPLE SUBJECT CREDENTIAL AND THE SINGLE SUBJECT CREDENTIAL. BOTH CREDENTIAL OPTIONS ARE ACCREDITED BY THE CALIFORNIA COMMISSION ON TEACHER CREDENTIALING. THE MASTER OF ARTS IN EDUCATION IS OFFERED WITH FOUR CONCENTRATIONS: (1) CURRICULUM AND INSTRUCTION (WITH PRELIMINARY CREDENTIAL), (2) CHRISTIAN EDUCATION LEADERSHIP (WITH PRELIMINARY CREDENTIAL), (3) CHRISTIAN EDUCATION LEADERSHIP (WITHOUT PRELIMINARY CREDENTIAL), AND (4) TEACHER LEADERSHIP. 3215015 247950 3606094 OTHER MISCELLANEOUS UNDERGRADUATE AND GRADUATE PROGRAMS. 3215015 247950 3606094 74967874 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 160 0 1 1108 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X MWAYI KANJADZA 7146196670 55 FAIR DRIVE COSTA MESA CA 92626 BEALS MICHAEL TRUSTEE, CEO/PRESIDENT 40.00 2.00 X X 304122 0 119057 GREEN DOUG BOARD CHAIR 2.00 0.00 X X 0 0 0 HEATH CINDEE BOARD VICE CHAIR 1.00 0.00 X X 0 0 0 DE LEON JR DANNY COPORPORATE/BOARD SECRETARY 1.00 0.00 X X 12077 0 0 CHOI TONY TRUSTEE 1.00 0.00 X 0 0 0 COWIE LETTIE TRUSTEE 1.00 0.00 X 0 0 0 DONOVAN ERIN TRUSTEE (THRU 10/23) 1.00 0.00 X 0 0 0 FRENN CINDEE TRUSTEE 1.00 0.00 X 0 0 0 GONZALES NATHAN TRUSTEE 1.00 0.00 X 0 0 0 GUERRA RICH TRUSTEE 1.00 0.00 X 0 0 0 KASPER KENDALL TRUSTEE 1.00 1.00 X 0 0 0 KLAUS BYRON TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 LIVINGSTON BONNIE TRUSTEE 1.00 1.00 X 0 0 0 MOTSKE JEFF TRUSTEE 1.00 2.00 X 0 0 0 NORMAN SANCHEZ MICHELLE TRUSTEE 1.00 0.00 X 0 0 0 ODDO DAVID TRUSTEE 1.00 0.00 X 0 0 0 SWEANY MELINDA TRUSTEE 1.00 0.00 X 0 0 0 VINSON STEVE TRUSTEE 1.00 0.00 X 0 0 0 REDIGER DONN TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 ROBINETTE PHIL TRUSTEE EMERITUS 1.00 0.00 X 0 0 0 OQUIST DALE TRUSTEE 1.00 0.00 X 0 0 0 PEUGH JIM TRUSTEE 1.00 0.00 X 0 0 0 WONDERCHECK DEBORA TRUSTEE 1.00 0.00 X 0 0 0 PEARLMAN MICHAEL INTERIM CHIEF FINANCIAL OFFICER 40.00 0.00 X 58191 0 10618 HARTWIG RYAN PROVOST AND VP, ACADEMIC AFFAIRS 40.00 0.00 X 65170 0 165989 MOSER JEREMY CHIEF FINANCIAL OFFICER 40.00 2.00 X 97957 0 130755 JOHNSON KIMBERLY VP FOR ENROLLMENT MANAGEMENT 40.00 0.00 X 196028 0 0 YOUNG TIM VP FOR STUDENT AFFAIRS AND CAMPUS OPERATIONS 40.00 0.00 X 158793 0 71084 ESPINOZA REGINALDO DEAN OF STRATEGY AND INNOVATION 40.00 0.00 X 156546 0 33490 LEBRECHT AMANDA VP FOR STUDENT DEVELOPMENT 40.00 0.00 X 150638 0 16582 MCINTEE JUSTIN VP FOR UNIVERSITY ADVANCEMENT 40.00 2.00 X 145989 0 103741 VAZQUEZ DAVID CHIEF OF STAFF (THRU 5/24) 40.00 0.00 X 148536 0 27331 1494047 0 678647 31 0 1 0 MILLIE AND SEVERSON INCORPORATED PO BOX 3601 LOS ALAMITOS CA 90720 GENERAL ENGINEERING & BUILDING CONTRACTO 13939458 BON APETIT MANAGEMENT COMPANY PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 3722444 ARAMARK SERVICES INC 27310 NETWORK PLACE CHICAGO IL 60673 MAINTENANCE AND CUSTODIAL SERVICES 2038604 VMI INC 11258 MONARCH STREET UNIT A GARDEN GROVE CA 92841 KITCHEN VENTILATION SPECIALISTS 461397 TWO OCEAN EDUCATION PARTNERS LLC 1407 SUMMIT AVENUE RICHMOND VA 23230 ENROLLMENT MARKETING SERVICES 395000 38 46193 537473 562485 4590914 49923 5737065 STUDENT TUITION FEES 611710 74250734 74250734 AUXILLARY ENTERPRISES 611710 10479034 10479034 SUPPORT SERVICES 611710 903934 903934 85633702 393815 393815 1850 1850 1144769 391695 753074 753074 -7459 760533 20475986 20475986 0 154672 46193 71971 82701 82701 92602207 85633702 -7459 1238899 36150137 36150137 1329951 218453 1111498 26421485 19605923 6386469 429093 589090 430134 136234 22722 2612624 1648480 876820 87324 1811495 1325659 447151 38685 82537 82537 104278 104278 15000 15000 9737 9737 9111003 5719180 3321287 70536 1267753 587455 639550 40748 1679281 217939 1461342 2477887 802172 1675715 1827276 1530913 221424 74939 223603 132037 91566 1035713 1035713 4002336 3533663 439485 29188 780076 3478 776598 SUPPLIES & EQUIPMENT 682760 478351 204409 DUES & SUBSCRIPTIONS 497265 303677 193588 PROFESSIONAL DEVELOPMEN 206427 156794 49633 1469197 1087716 330654 50827 94386911 74967874 18574975 844062 7524921 1713752 118147 1507000 8616170 6513272 2385239 2525852 987243 379215 1114902 827820 157793118 60332056 81467283 97461062 1740048 1871504 1329803 1199356 1364369 1064730 106648125 115063563 4695773 6628894 2833076 2625435 42541451 50100468 3665733 4416010 53736033 63770807 X 33908763 30461090 19003329 20831666 52912092 51292756 106648125 115063563 X -1784704 235972 -70604 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 15000 0 0 0 15000 0 PART II-B, LINE 1, LOBBYING ACTIVITIES: PAYMENT TO A GRASSROOTS LOBBYING COALITION IN REGARDS TO CALIFORNIA PROPOSED LEGISLATION OF SB1146. 16077890 679567 1743106 240483 18260080 9083226 6224625 943095 173056 16077890 10119935 379851 -1197116 219444 9083226 7613821 455863 2149691 99440 10119935 7129399 490678 173617 179873 7613821 0.00000 0.74000 0.26000 0 1 1 1278462 1278462 100698832 46866000 53832832 41777230 2066441 39710789 8697066 6325889 2371177 5341528 5073726 267802 97461062 TUITION REMISSION LIABILITY 141959 TRUST REMAINDER LIFE OBLIGATIONS 76153 PERKINS LOAN LIABILITY 255060 STUDENT REFUNDABLE CREDITS 156382 RETENTIONS PAYABLE 2950288 OPERATING LEASE LIABILITIES 836168 4416010 X PART V, LINE 4: THE ENDOWMENT ASSETS ARE INVESTED IN A POOLED INVESTMENT FUND HELD BY VANGUARD UNIVERSITY FOUNDATION, THE UNIVERSITY'S RELATED PARTY. THE EARNINGS ARE USED TO FUND SCHOLARSHIPS FOR STUDENTS OF THE UNIVERSITY. PART X, LINE 2: IN ACCORDANCE WITH PROVISIONS OF U.S. GAAP, THE UNIVERSITY AND ITS AFFILIATES HAD NO UNCERTAIN TAX POSITIONS AND/OR OBLIGATIONS AT JUNE 30, 2024 AND 2023. THE UNIVERSITY AND ITS AFFILIATES FILE INFORMATIONAL RETURNS AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURNS IN THE UNITED STATES FEDERAL JURISDICTION AND WITH THE FRANCHISE TAX BOARD IN THE STATE OF CALIFORNIA. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PRIMARILY SOLICITS THROUGH MAIL AND ON-LINE APPLICATIONS TO PROSPECTIVE STUDENTS. THESE INCLUDE UNDERGRADUATE, GRADUATE, AND ADULT PROGRAMS. ALL APPLICATIONS INCLUDE THE UNIVERSITY'S NONDISCRIMINATION POLICY. THE ORGANIZATION'S NONDISCRIMINATION POLICY IS ALSO PUBLISHED ON THE HOMEPAGE OF ITS WEBSITE IN ORDER TO MAKE THE POLICY KNOWN TO ALL PARTS OF THE COMMUNITY IT SERVES. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FUNDING FROM THE FEDERAL GOVERNMENT, AND AS A RESULT, IS REQUIRED TO COMPLY WITH VARIOUS REGULATIONS RELATED TO THOSE FUNDING PROGRAMS. AMPLIFY 2023 200865 46193 154672 14891 521 779 55780 200865 46193 154672 14891 521 779 55780 71971 82701 1 FINANCIAL AID - INSTITUTIONAL SCHOLARSHIPS 1886 35707579 CA 4 ALL GRANTS 64 442558 PART I, LINE 2: VANGUARD UNIVERSITY AWARDS MERIT AND NEED-BASED SCHOLARSHIPS AND GRANTS TO TRADITIONAL UNDERGRADUATES AND MERIT SCHOLARSHIPS AND GRANTS TO GRADUATE STUDENTS. AWARDS ARE BASED ON ELIGIBILITY CRITERIA INCLUDING ACADEMIC, TALENT AND PARTICIPATION, AND INCENTIVE INCLUDING DENOMINATION, MINISTRY/MISSIONARY DEPENDENT. CONTINUED ELIGIBILITY INCLUDING MAINTENANCE GPA IS MONITORED BY THE FINANCIAL AID OFFICE. NEED-BASED AWARDS REQUIRE DEMONSTRATED NEED AS DETERMINED BY THE FAFSA AND REQUIRES FILING THE FAFSA BY THE MARCH 2 PRIORITY DEADLINE EACH YEAR AND CONTINUED DEMONSTRATION OF NEED. THE MAJORITY OF THE AWARDS ARE FUNDED BY THE INSTITUTIONAL AID BUDGET BUT SMALL NUMBER ARE FUNDED BY THE ENDOWMENT AND HAVE DONOR SPECIFIC CRITERIA. THE FINANCIAL AID OFFICE WORKS WITH UNIVERSITY ADVANCEMENT AND FISCAL MANAGEMENT TO AWARD THESE FUNDS. X 1 1 X X 0 0 0 0 0 0 0 0 0 BEALS MICHAEL TRUSTEE, CEO/PRESIDENT 288149 0 3973 0 12000 0 25929 0 93128 0 423179 0 0 0 MCINTEE JUSTIN VP FOR UNIVERSITY ADVANCEMENT 143836 0 2153 0 0 0 6290 0 97451 0 249730 0 0 0 HARTWIG RYAN PROVOST AND VP, ACADEMIC AFFAIRS 63093 0 2077 0 0 0 16390 0 149599 0 231159 0 0 0 YOUNG TIM VP FOR STUDENT AFFAIRS AND CAMPUS OP 158793 0 0 0 0 0 3214 0 67870 0 229877 0 0 0 MOSER JEREMY CHIEF FINANCIAL OFFICER 95814 0 2143 0 0 0 16804 0 113951 0 228712 0 0 0 JOHNSON KIMBERLY VP FOR ENROLLMENT MANAGEMENT 194081 0 1947 0 0 0 0 0 0 0 196028 0 0 0 ESPINOZA REGINALDO DEAN OF STRATEGY AND INNOVATION 154875 0 1671 0 0 0 3307 0 30183 0 190036 0 0 0 VAZQUEZ DAVID CHIEF OF STAFF (THRU 5/24) 147027 0 1509 0 0 0 3732 0 23599 0 175867 0 0 0 LEBRECHT AMANDA VP FOR STUDENT DEVELOPMENT 149220 0 1418 0 0 0 6521 0 10061 0 167220 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE IS PROVIDED TO THE FOLLOWING INDIVIDUALS. THE BENEFIT IS TREATED AS A NON-TAXABLE BENEFIT, DUE TO THE MINISTERIAL EXCEPTION. - PRESIDENT - CHIEF FINANCIAL OFFICER - VP FOR UNIVERSITY ADVANCEMENT - VP FOR STUDENT AFFAIRS AND CAMPUS OPERATIONS - PROVOST AND VP FOR ACADEMIC AFFAIRS A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2020-04-30 41955000 TO REFINANCE OUTSTANDING PRIOR DEBT 0 0 0 B CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2022-05-25 28250000 EVENT CENTER FUNDING 0 0 0 A 5547000 41955000 2709208 660823 26034943 2020 0 0 1 1 B 28250000 250000 391975 14519290 13454285 0 0 0 1 A 0 0 1 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 76000 INSTITUTIONAL AID TUITION X 2 49923 FMV 0 0 1 0 PART I, COLUMN (B): THE UNIVERSITY IS REPORTING IN PART I, COLUMN (B) THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, WHO SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE; THE VICE CHAIR; THE PRESIDENT; THE SECRETARY; THE CHAIRS OF ALL OTHER STANDING COMMITTEES; THE DISTRICT SUPERINTENDENT OF THE DISTRICT COUNCIL, EX OFFICIO; AND UP TO TWO (2) TRUSTEES AT LARGE, WHO SHALL BE ELECTED BY THE BOARD OF TRUSTEES, UPON NOMINATION BY THE COMMITTEE ON TRUSTEES, AND SERVE FOR NO MORE THAN TWO CONSECUTIVE TWO YEAR TERMS. THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWER AND EXERCISE ALL OF THE DUTIES OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION WHILE THE BOARD OF TRUSTEES IS NOT IN SESSION, EXCEPT AS SPECIFICALLY LIMITED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 1B: FAMILY MEMBERS OF 3 BOARD MEMBERS WERE ENROLLED AT THE UNIVERSITY DURING THE 2024 FISCAL YEAR AND RECEIVED INSTITUTIONAL AID. 2 BOARD MEMBERS RECIEVED COMPENSATION FROM THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP OF VANGUARD UNIVERSITY SHALL CONSIST OF THOSE INDIVIDUALS WHO SERVE AS THE EXECUTIVE PRESBYTERY, AS DEFINED IN THE BYLAWS OF THE DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD. THE MEMBERS RATIFY THE MISSION AND AMENDMENTS OR RESTATEMENTS OF THE UNIVERSITY'S BYLAWS. DISSOLUTION, SALE, OR MERGER OF THE UNIVERSITY REQUIRES TWO-THIRDS VOTE OF THE MEMBERS. UPON DISSOLUTION ANY REMAINING ASSETS OF THE UNIVERSITY SHALL BE DISTRIBUTED TO THE SOUTHERN CALIFORNIA DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD, IRVINE, CALIFORNIA IF IN GOOD STANDING AS A TAX EXEMPT 501(C)(3) ORGANIZATION. OTHERWISE THE DISTRIBUTIONS WILL BE MADE TO THE GENERAL COUNCIL OF THE ASSEMBLIES OF GOD, SPRINGFIELD MISSOURI. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL RETAIN THE RIGHTS TO RATIFY ELECTIONS OF THE UNIVERSITY'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B ANY REMOVAL OF A UNIVERSITY BOARD OF TRUSTEE IS SUBJECT TO RATIFICATION BY A MAJORITY OF THE MEMBERS PRESENT AND VOTING AT A DULY CALLED MEMBERSHIP MEETING. DISSOLUTION, SALE, OR MERGER OF THE UNIVERSITY REQUIRES TWO-THIRDS VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW AND APPROVAL PROCESS FOR THE UNIVERSITY'S TAX RETURN, FORM 990 INCLUDES THE FOLLOWING: 1. PREPARATION BY MANAGEMENT, WITH THE ASSISTANCE OF AN INDEPENDENT ACCOUNTING FIRM; 2. A DETAILED REVIEW OF THE PUBLIC DISCLOSURE COPY OF THE FORM 990 IS CONDUCTED BY THE AUDIT COMMITTEE; 3. A BRIEFING AND REVIEW OF MAJOR ISSUES (IF ANY EXISTS) GIVEN TO THE AUDIT COMMITTEE, PRIOR TO APPROVAL; 4. EACH BOARD MEMBER RECEIVES A PUBLIC DISCLOSURE COPY OF THE FORM 990 PRIOR TO ITS FILING; 5. APPROVAL BY THE AUDIT COMMITTEE IS MADE THROUGH A RESOLUTION FROM THE AUDIT COMMITTEE; 6. BRIEFING, POST APPROVAL TO BOARD OF TRUSTEES ON ADHERENCE OF PROCESS, AND ANY MAJOR ISSUES NOTED BY EXECUTIVE COMMITTEE. 7. THE 990 IS THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL DISCLOSURE REQUIRED BY ALL TRUSTEES, CORPORATE OFFICERS, FOUNDATION BOARD MEMBERS, KEY EMPLOYEES AS IDENTIFIED BY THE IRS, UNIVERSITY FACULTY, AND ALL BENEFITED EMPLOYEES. ANY TRANSACTIONS THAT COULD GIVE RISE TO CONFLICT ARE REVIEWED BY THE APPROPRIATE GOVERNING BODY, MEANING BOARD OF TRUSTEES OR FOUNDATION BOARD. IF CONFLICT ARISES, THE PERSON RECUSES HIM OR HERSELF FROM DISCUSSION AND/OR VOTE ON THE TRANSACTION BEING DISCUSSED. THIS RECUSAL IS DOCUMENTED IN THE MEETING MINUTES. THERE HAVE BEEN NO KNOWN INCIDENCES IN WHICH THE INDIVIDUAL DID NOT RECUSE THEMSELVES DURING THIS REPORTING PERIOD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED FOR THE PRESIDENT BY USING COMPARABLE DATA AND COMPENSATION SURVEYS BASED ON LIKE UNIVERSITIES, WHICH IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE PROCESS IS DOCUMENTED AND WAS LAST CONDUCTED BY THE EXECUTIVE COMMITTEE IN APRIL 2024. COMPENSATION FOR ALL OTHER OFFICERS IS BASED ON COMPARABLE DATA AND COMPENSATION SURVEYS REVIEWED BY THE PRESIDENT IN CONSULTATION WITH THE SENIOR DIRECTOR OF HUMAN RESOURCES. THIS PROCESS IS DOCUMENTED AND WAS LAST DONE IN JUNE 2024 THROUGH NOVEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CONSOLIDATED AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST INVESTMENT -70,604. VU HOLDINGS LLC 55 FAIR DRIVE COSTA MESA CA 92626 HOLDING OF ASSETS - OIL/GAS RIGHTS CA 1850 424 VANGUARD UNIVERSITY OF SO CAL VANGUARD UNIVERSITY FOUNDATION 55 FAIR DRIVE COSTA MEESA CA 92626 912764193 UNIVERSITY ENDOWED SCHOLARSHIPS CA 501(C)(3) LINE 12A, I VANGUARD UNIVERSITY OF SO CAL 1 SOUTHERN CALIFORNIA DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD 17951 COWAN IRVINE CA 92614 A DISTRICT OF THE GENERAL COUNCIL OF ASSEMBLIES OF GOD (USA) CA 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 VANGUARD UNIVERSITY FOUNDATION C 537473 CASH