2024-05-10T12:34:44-05:00 2023-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2022-07-01 951643389 UNIVERSITY OF REDLANDS UNIV 9097488180 PO BOX 3080 REDLANDS CA 923730999 GRACE CRICKETTE VP FINANCE AND ADMIN/CFO 9097488180 2024-05-10 1 GRACE CRICKETTE 999009999 1 TRACY S PAGLIA P00366884 2099556100 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KRISTA L NEWKIRK PO BOX 3080 REDLANDS CA 923730999 457297231 0 X WWW.REDLANDS.EDU X 1907 CA THE UNIVERSITY OF REDLANDS IS A PRIVATE, INDEPENDENT LIBERAL ARTS AND SCIENCES UNIVERSITY COMMITTED TO A MISSION THAT WELCOMES, EDUCATES, AND EMPOWERS A DIVERSE COMMUNITY OF LEARNERS FOR LIVES OF MEANING, IMPACT, AND JOY. 32 32 2395 1400 50024 1759 24644662 10822539 174576237 164307437 22663877 6434399 209830 1180197 222094606 182744572 72478860 69900939 0 0 69780544 71987108 0 0 2269281 60312845 61086030 202572249 202974077 19522357 -20229505 479046855 518770491 98257273 147361598 380789582 371408893 X WE WELCOME, EDUCATE, AND EMPOWER A DIVERSE COMMUNITY OF LEARNERS FOR LIVES OF MEANING, IMPACT, AND JOY. 0 0 69900939 69900939 0 SCHOLARSHIPS AND GRANTS PROVIDED BY UNIVERSITY AND PRIVATE SOURCES TO MORE THAN 2,400 STUDENTS 49072007 0 157830038 INSTRUCTION & ACADEMIC SUPPORT PROVIDED FOR APPROXIMATELY 2,400 FULL-TIME AND PART-TIME STUDENTS 25093385 0 6381507 STUDENT SERVICES TO SUPPORT STUDENT RECRUITING, COUNSELING, STUDENT ACTIVITIES, AND ATHLETICS 20474753 0 91892 PUBLIC SUPPORT AND STUDENT SERVICES 20474753 0 91892 164541084 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 5593 0 1 2395 1 1 1 1 AU 0 0 0 0 1 1 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X GRACE CRICKETTE VP FINANCE & ADMINCFO 9097488180 1200 E COLTON AVENUE ADMIN 302 REDLANDS CA 92373 JAMISON ASHBY CHAIR - TRUSTEE 6.00 0.00 X X 0 0 0 SABINE ROBERTSON-PHILLIPS FIRST VICE-CHAIR - TRUSTEE 4.00 0.00 X X 0 0 0 DARREN ROSE SECOND VICE-CHAIR - TRUSTEE 4.00 0.00 X X 0 0 0 BRAD ADAMS TRUSTEE 4.00 0.00 X 0 0 0 LUANN BANGSUND TRUSTEE 2.00 0.00 X 0 0 0 JANET BERCKEFELDT TRUSTEE 4.00 0.00 X 0 0 0 BRADLEY BERG TRUSTEE 2.00 0.00 X 0 0 0 CAROLE BESWICK TRUSTEE 4.00 0.00 X 0 0 0 LARRY BURGESS TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM CAHILL TRUSTEE 2.00 0.00 X 0 0 0 BRUCE CAVARNO TRUSTEE 4.00 0.00 X 0 0 0 DAVID DANIELSON TRUSTEE 4.00 0.00 X 0 0 0 JOE D'ANNA TRUSTEE 2.00 0.00 X 0 0 0 DAVID ENZMINGER TRUSTEE 4.00 0.00 X 0 0 0 RICHARD FISHER TRUSTEE 2.00 0.00 X 0 0 0 JAVIER GARCIA TRUSTEE 2.00 0.00 X 0 0 0 BECKY CAMPBELL GARNETT TRUSTEE 2.00 0.00 X 0 0 0 THOMAS GILMER TRUSTEE 2.00 0.00 X 0 0 0 KELSEY GORMLEY TRUSTEE 2.00 0.00 X 0 0 0 DAN HANSON TRUSTEE 2.00 0.00 X 0 0 0 ROBERT HARRIS TRUSTEE 4.00 0.00 X 0 0 0 TEENA HOSTOVICH TRUSTEE 2.00 0.00 X 0 0 0 JEANNIE KIM TRUSTEE (THRU 06/23) 2.00 0.00 X 0 0 0 KIM STAFFORD KORINKE TRUSTEE 2.00 0.00 X 0 0 0 ELSA LUNA TRUSTEE 2.00 0.00 X 0 0 0 EUGENE MITCHELL TRUSTEE 2.00 0.00 X 0 0 0 BRIAN MURPHY TRUSTEE 4.00 0.00 X 0 0 0 ROBERT ODA TRUSTEE (THRU 06/23) 4.00 0.00 X 0 0 0 COLIN ROMER TRUSTEE (THRU 06/23) 2.00 0.00 X 0 0 0 JAMES SCHROEDER TRUSTEE 2.00 0.00 X 0 0 0 CHRIS STRAND TRUSTEE (THRU 09/22) 2.00 0.00 X 0 0 0 RONALD TROUPE TRUSTEE (THRU 06/23) 2.00 0.00 X 0 0 0 CANDICE L UNRUH TRUSTEE 2.00 0.00 X 0 0 0 KRISTA L NEWKIRK PRESIDENT 70.00 2.00 X 631877 0 77518 KEVIN DYERLY - VP FINCFO THRU 06/23)/VP ENROLLMENT (AS OF 06/23) 60.00 0.00 X 283778 0 34604 JEN THOMPSON CHIEF OF STAFF & GENERAL SECRETARY 60.00 0.00 X 211002 0 30048 ADRIENNE MCCORMICK PROVOST 60.00 0.00 X 157451 0 31567 WALTER BRANSON - INTERIM VP FINANCE & ADMIN (AS OF 06/23) 60.00 0.00 X 0 0 0 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 55.00 0.00 X 292117 0 22479 KATHY OGREN ASSOC. VP DEVELOPMENT 55.00 0.00 X 252062 0 38263 MICHELLE ROGERS VP ADMINISTRATION 55.00 0.00 X 240246 0 24802 MARIO MARTINEZ DEAN, SCHOOL OF EDUCATION 55.00 0.00 X 218987 0 33196 DONNA EDDLEMAN VP STUDENT AFFAIRS 55.00 0.00 X 198911 0 24436 RALPH KUNCL - FORMER PRESIDENT CURRENT CONSULTANT 20.00 0.00 X 884649 0 4521 J CHRISTOPHER JENNINGS GENERAL COUNSEL 55.00 0.00 X 210344 0 26317 JORDAN HENK UNIVERSITY DIRECTOR OF PLANNING 55.00 0.00 X 158745 0 28585 GERALD GROSHEK PROFESSOR 55.00 0.00 X 161013 0 21176 WENDY FARLEY PROFESSOR 55.00 0.00 X 173646 0 5585 4074828 0 403097 175 0 1 0 HARVEST TABLE CULINARY GROUP 2400 MARKET STREET PHILADELPHIA PA 19103 FOOD SERVICES 6723529 BOGH ENGINEERING INC 401 W 4TH STREET BEAUMONT CA 92223 CONSTRUCTION 3443621 IES ABROAD PO BOX 98647 CHICAGO IL 606938647 STUDY AWAY 1158959 KEYPATH EDUCATION LLC 220 N SMITH STREET SUITE 210 PALATINE IL 60067 ONLINE SERVICE 1123359 EDUVANTIS LLC 120 S LASALLE STREET SUITE 1515 CHICAGO IL 60603 MARKETING 1019055 71 218718 10603821 844969 10822539 TUITION & FEES 611600 155554512 155554512 AUXILIARY PROGRAMS 611600 6385507 6381507 4000 CONFERENCES 611600 1503398 1503398 ASSOCIATED STUDENT 611600 772128 772128 STUDENT LOAN INTEREST 611600 91892 91892 164307437 8724841 53536 8671305 141743 141743 357770 291719 66051 66051 -7512 73563 271970498 274260940 -2290442 -2290442 -2290442 GAIN ON BOND ISSUANCE 900099 972403 972403 972403 182744572 164303437 50024 7568572 67680972 67680972 2219967 2219967 2886728 720160 2166568 56124476 43886804 10724278 1513394 2806048 2191934 538354 75760 5887569 4537378 1195263 154928 4282287 3247429 924546 110312 582378 53 582325 287981 287981 1220409 1220409 3562274 1216663 2279376 66235 4609270 3752612 754934 101724 2856414 1325154 1489682 41578 2644643 2009931 552980 81732 11011077 3453586 7520658 36833 2144963 1931385 190419 23159 173455 151653 16669 5133 3111133 3111133 10374832 10374832 2037384 1684917 317220 35247 STUDENT PROGRAMS 7980138 7517901 456866 5371 FOOD SERVICE 6048221 5939456 91569 17196 MEMBERSHIPS 305007 76394 227934 679 BAD DEBT 60075 60075 2076376 621903 1454473 202974077 164541084 36163712 2269281 4002936 2199476 7100829 5612475 7658783 7171021 3653332 3661791 446081 271565 124120 85574 2455049 2230689 382943377 196112150 169653292 186831227 94610191 126651438 177260092 174184889 3659868 3226160 8422282 6644186 479046855 518770491 12304676 15673564 5650969 4657009 52165771 103059087 28135857 23971938 98257273 147361598 X 110839380 103892305 269950202 267516588 380789582 371408893 479046855 518770491 X -20229505 11024730 -175914 X 0 1 X 1 1 1 X 14373024 17783099 18265978 24339238 10808563 85569902 14373024 17783099 18265978 24339238 10808563 85569902 6165474 79404428 5549741 6291670 5367797 7688313 8886611 33784132 150939 48913 267743 2759 470354 972403 972403 120796791 877915834 0.65730 0.67740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN ON BOND ISSUANCE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 247640502 5012197 12606515 4184170 9188143 251886901 275778048 7080262 -24779439 3888519 6549850 247640502 225444728 6425553 53904519 3588809 6407943 275778048 192053177 39703619 2127082 2668272 5770878 225444728 184757923 4218243 8337047 2270990 2989046 192053177 0.05290 0.80670 0.14040 0 0 25692258 25692258 28180000 268300739 174902193 121578546 26712926 9488643 17224283 16418700 11721314 4697386 17638754 17638754 186831227 1176531 F GLOBAL EQUITIES 56083288 F FIXED INCOME 49063532 F COMMON TRUST FUNDS 28044159 F INFLATION HEDGING 26778143 F PRIVATE EQUITY PSHIPS 11955224 F ASSETS HELD BY OTHERS 1047363 F OTHER INVESTMENTS 36649 C 174184889 LIABILITY FOR TRUSTS PAYABLE 10828167 REFUNDABLE U.S. GOVT STUDENT LOANS 5000001 OPERATING LEASE LIABILITIES 4392313 ASSET RETIREMENT OBLIGATION 1877989 RESERVE FOR ANNUITIES PAYABLE 1330198 FINANCE LEASE LIABILITIES 426036 UNEARNED REV - POOLED INCOME FUND 117234 23971938 X 122770157 11024730 1182515 12207245 110562912 1080377 71101283 72181660 182744572 130968331 0 130968331 1080377 70925369 72005746 202974077 PART III, LINE 4: THE UNIVERSITY MAINTAINS A LIMITED COLLECTION OF ART AND HISTORICAL TREASURES TO BE USED FOR ACADEMIC AND RESEARCH PURPOSES AS WELL AS PRESERVING COLLECTION ITEMS FOR FUTURE GENERATIONS. UPON THE ADOPTION OF FASB ASC 958, THE UNIVERSITY ELECTED TO CAPITALIZE COLLECTION ITEMS PROSPECTIVELY. SUBSEQUENT TO MAKING THE ELECTION, THE UNIVERSITY HAS NOT RECORDED ANY SIGNIFICANT COLLECTION ITEMS. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED FOR SCHOLARSHIPS, EDUCATIONAL ACTIVITIES AND INSTITUTIONAL SUPPORT PURPOSES. PART X, LINE 2: THE UNIVERSITY IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET INCOME FROM UNRELATED BUSINESS ACTIVITIES, AND FILES FEDERAL AND STATE RETURNS TO REPORT UNRELATED BUSINESS INCOME, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THE UNIVERSITY'S MATERIAL TAX POSITIONS; THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACQUISITION INHERENT CONTRIBUTION - PRESIDIO 1,182,515. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 69,900,939. ASSOCIATED STUDENT REVENUE 772,128. BOOK/TAX DIFFERENCE FROM K-1 53,536. PLEDGE WRITE OFF 319,400. CHANGE IN ASSET RETIREMENT OBLIGATIONS 55,280. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 69,900,939. ASSOCIATED STUDENT EXPENSES 1,024,430. 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 UNIVERSITY PUBLISHES STATEMENTS THAT THE UNIVERSITY DOES NOT DISCRIMINATE IN THE ADMISSIONS PROCESS IN THE UNIVERSITY CATALOG, ADMISSIONS BROCHURES, APPLICATION FORMS, AND ON THE UNIVERSITY'S WEBSITE. SCHEDULE E, PART I, LINE 6 GRANTS RECEIVED FROM FEDERAL AND STATE AGENCIES FOR FINANCIAL ASSISTANCE TO STUDENTS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 46736289 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS IN REGION 25380 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS IN REGION 344237 EUROPE 1 2 PROGRAM SERVICES UNDERGRADUATE STUDY ABROAD 759728 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS TO RECIPIENTS IN REGION 1690369 NORTH AMERICA (CANADA AND MEXICO) 0 0 GRANTS TO RECIPIENTS IN REGION 14436 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS IN REGION 18651 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN REGION 16250 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN REGION 69431 1 2 0 0 1 2 49605340 69431 49674771 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 7 25380 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 22 344237 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 116 1690369 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS NORTH AMERICA (CANADA AND MEXICO) 1 14436 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS SOUTH AMERICA 1 18651 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS SOUTH ASIA 1 16250 APPLICATION TO STUDENT ACCOUNT 0 SCHOLARSHIPS SUB-SAHARAN AFRICA 5 69431 APPLICATION TO STUDENT ACCOUNT 0 1 0 1 1 1 0 PART I, LINE 2: NEED BASED AID IS AWARDED BASED ON FEDERAL AND/OR STATE ELIGIBILITY REQUIREMENTS AND INSTITUTIONAL AID IS AWARDED ACCORDING TO INSTITUTIONAL POLICY. AMOUNTS OF AID AWARDED ARE IN COMPLIANCE WITH GOVERNING REGULATIONS OR INSTITUTIONAL POLICY. IN COMPLIANCE WITH TITLE IV REGULATIONS, TOTAL AID FROM ALL SOURCES CANNOT EXCEED NEED OR THE ANNUAL COST OF TUITION, REGARDLESS OF THE LEVEL OF NEED. GRANTS AND SCHOLARSHIPS ARE APPLIED DIRECTLY TO A STUDENT ACCOUNT AND FUNDS ARE NOT DISTRIBUTED DIRECTLY TO STUDENTS. OVERPAYMENT OR CREDIT BALANCES OF STUDENT ACCOUNT BALANCES ARE ANALYZED PRIOR TO DISTRIBUTING REFUNDS TO STUDENTS TO ENSURE THAT GRANTS AND SCHOLARSHIPS ARE PROPERLY AWARDED AND UTILIZED FOR EDUCATIONAL PURPOSES. PART I, LINE 3: THE UNIVERSITY MONITORS FOREIGN EXPENDITURES ON A MONTHLY BASIS. ONCE DURING EACH SEMESTER, THE UNIVERSITY OF REDLANDS TRANSFERS EUROS TO THE FOREIGN OFFICE FOR THE ESTIMATED AMOUNT OF THE FOREIGN OFFICE'S EXPENDITURES FOR THE SEMESTER. AT THE END OF EACH MONTH, THE FOREIGN OFFICE SENDS THE UNIVERSITY A LEDGER OF ACTUAL EXPENDITURES AND A CASH RECONCILIATION FOR THE BANK ACCOUNT. THE UNIVERSITY EVALUATES AND RECONCILES THE FOREIGN ACCOUNT CASH BALANCE AND UPDATES THE GENERAL LEDGER MONTHLY BASED ON THE ACTUAL DATA RECEIVED. AT THE END OF EACH SCHOOL YEAR, THE FOREIGN OFFICE PROVIDES THE UNIVERSITY WITH RECEIPTS AND DOCUMENTATION FOR ALL EXPENDITURES FOR THE YEAR. PART III, COL (C): THE NUMBER OF RECIPIENTS ARE DETERMINED BY STUDENT RECORDS. PART III ACCOUNTING METHOD: 1 UNDERGRADUATE NEED BASED SCHOLARSHIPS 1458 52089972 UNDERGRADUATE MERIT SCHOLARSHIPS 751 15148407 GRADUATE NEED BASED SCHOLARSHIPS 91 442593 PART I, LINE 2: NEED BASED AID IS AWARDED BASED ON FEDERAL AND/OR STATE ELIGIBILITY REQUIREMENTS AND INSTITUTIONAL AID IS AWARDED ACCORDING TO INSTITUTIONAL POLICY. AMOUNTS OF AID AWARDED ARE IN COMPLIANCE WITH GOVERNING REGULATIONS OR INSTITUTIONAL POLICY. IN COMPLIANCE WITH TITLE IV REGULATIONS, TOTAL AID FROM ALL SOURCES CANNOT EXCEED NEED OR THE ANNUAL COST OF TUITION, REGARDLESS OF THE LEVEL OF NEED. GRANTS AND SCHOLARSHIPS ARE APPLIED DIRECTLY TO A STUDENT ACCOUNT AND FUNDS ARE NOT DISTRIBUTED DIRECTLY TO STUDENTS. OVERPAYMENT OR CREDIT BALANCES OF STUDENT ACCOUNT BALANCES ARE ANALYZED PRIOR TO DISTRIBUTING REFUNDS TO STUDENTS TO ENSURE THAT GRANTS AND SCHOLARSHIPS ARE PROPERLY AWARDED AND UTILIZED FOR EDUCATIONAL PURPOSES. X X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 RALPH KUNCL - FORMER PRESIDENT CURRENT CONSULTANT 98208 0 0 0 786441 0 2475 0 2046 0 889170 0 786441 0 KRISTA L NEWKIRK PRESIDENT 519501 0 105000 0 7376 0 19526 0 57992 0 709395 0 0 0 KEVIN DYERLY - VP FINCFO THRU 06/23)/VP ENROLLMENT (AS OF 06/23) 273883 0 0 0 9895 0 12068 0 22536 0 318382 0 0 0 THOMAS HORAN DEAN, SCHOOL OF BUSINESS 290929 0 0 0 1188 0 12355 0 10124 0 314596 0 0 0 KATHY OGREN ASSOC. VP DEVELOPMENT 250843 0 0 0 1219 0 9915 0 28348 0 290325 0 0 0 MICHELLE ROGERS VP ADMINISTRATION 239832 0 0 0 414 0 10319 0 14483 0 265048 0 0 0 MARIO MARTINEZ DEAN, SCHOOL OF EDUCATION 196305 0 0 0 22682 0 8832 0 24364 0 252183 0 0 0 JEN THOMPSON CHIEF OF STAFF & GENERAL SECRETARY 201988 0 8600 0 414 0 8367 0 21681 0 241050 0 0 0 J CHRISTOPHER JENNINGS GENERAL COUNSEL 205119 0 0 0 5225 0 9836 0 16481 0 236661 0 0 0 DONNA EDDLEMAN VP STUDENT AFFAIRS 198137 0 0 0 774 0 8699 0 15737 0 223347 0 0 0 ADRIENNE MCCORMICK PROVOST 132416 0 0 0 25035 0 8095 0 23472 0 189018 0 0 0 JORDAN HENK UNIVERSITY DIRECTOR OF PLANNING 157826 0 0 0 919 0 7064 0 21521 0 187330 0 0 0 GERALD GROSHEK PROFESSOR 160297 0 0 0 716 0 7507 0 13669 0 182189 0 0 0 WENDY FARLEY PROFESSOR 173080 0 0 0 566 0 5585 0 0 0 179231 0 0 0 PART I, LINE 1A FOR FLIGHTS THAT EXCEED TWO HOURS IN DURATION, THE PRESIDENT IS APPROVED TO TRAVEL IN BUSINESS CLASS (OR IF NOT AVAILABLE, THEN THE NEXT HIGHER CLASS OF TRAVEL ABOVE COACH). THESE EXPENSES ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE FRINGE BENEFITS. THE PRESIDENT'S SPOUSE IS EXPECTED TO ACCOMPANY THE PRESIDENT ON UNIVERSITY BUSINESS TRAVEL WHERE APPROPRIATE AND THE RELATED TRAVEL EXPENSES ARE NOT A TAXABLE FRINGE BENEFIT. THE UNIVERSITY REQUIRES THE PRESIDENT TO LIVE IN A UNIVERSITY OWNED RESIDENCE. PERSONAL SERVICES PROVIDED TO THE PRESIDENT ARE LIMITED TO CUSTODIAL CLEANING OF THE RESIDENCE. THE RESIDENCE IS WITHIN CLOSE PROXIMITY TO CAMPUS, IS FURNISHED TO THE PRESIDENT FOR THE UNIVERSITY'S CONVENIENCE AS IT HOSTS REGULARLY CARRIED ON BUSINESS ACTIVITIES, AND IS REQUIRED FOR THE PRESIDENT TO ACCEPT AS A CONDITION OF EMPLOYMENT, THUS THE INCOME IS NOT REPORTED AS TAXABLE. THE UNIVERSITY PAID COUNTRY CLUB DUES ON BEHALF OF KEVIN DYERLY, VP FINANCE/CFO. THE PERSONAL USE PORTION OF THE VALUE OF THE COUNTRY CLUB DUES IS INCLUDED IN REPORTABLE (TAXABLE) COMPENSATION FOR THIS EMPLOYEE ON FORM 990. PART I, LINE 4B LINE 4B - RALPH KUNCL, FORMER PRESIDENT RECEIVED A DISTRIBUTION FROM THE 457(F) PLAN OF $786,441 IN THE CURRENT YEAR WHICH IS INCLUDED IN "OTHER REPORTABLE COMPENSATION AND "COMPENSATION REPORTED ON A PRIOR YEAR RETURN" ON SCHEDULE J, PART II. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301784X1 2015-01-07 36031337 SEE PART V 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 571705592 130179GU2 2016-04-01 33959563 SEE PART V 0 0 0 C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179UR3 2022-09-08 52640348 SEE PART V 0 0 0 A 19730000 36031337 499548 35531789 2015 1 1 1 1 B 3935000 33959563 440633 33518930 2016 1 1 1 1 C 52640348 1430843 586365 18763684 31859456 0 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/17/2020 ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/08/2021 SCHEDULE K, PART I, COLUMN F: DESCRIPTION OF PURPOSE BOND #1: TO REFUND THE 2003 SERIES A AND 2003 SERIES B CEFA REVENUE BONDS AND PARTIALLY ADVANCE REFUND A PORTION OF THE 2005 SERIES A CEFA REVENUE BONDS. BOND #2: TO REFUND THE 2005 SERIES A AND ADVANCE REFUND THE 2008 SERIES A CEFA REVENUE BONDS. BOND #3: TO FINANCE THE ACQUISITION, CONSTRUCTION, INSTALLATION, IMPROVEMENT, RENOVATION, REHABILITATION, FURNISHING, AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES AND RELATED FACILITIES OF, AND CERTAIN FACILITIES IN SUPPORT OF, THE UNIVERSITY. TO PAY FUNDED INTEREST ON THE 2022A BONDS. X 37 844769 FMV X MISC. ITEMS 1 200 FMV 0 0 1 1 PART I, COLUMN (B): THE QUANTITIES LISTED REPRESENT THE NUMBER OF INSTANCES THAT A CONTRIBUTION OF SUCH PROPERTY WAS RECEIVED. THE NUMBERS DO NOT NECESSARILY REFLECT THE NUMBER OF CONTRIBUTORS OR THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE UNIVERSITY USES THIRD PARTIES TO SELL NON-CASH CONTRIBUTIONS SUCH AS ART AND TANGIBLE PROPERTY NOT USED IN UNIVERSITY OPERATIONS. FORM 990, PART III, LINE 1: MISSION: WE WELCOME, EDUCATE, AND EMPOWER A DIVERSE COMMUNITY OF LEARNERS FOR LIVES OF MEANING, IMPACT, AND JOY. VISION: BY 2032, THE UNIVERSITY OF REDLANDS WILL LEAD CALIFORNIA IN PROVIDING A STUDENT-FOCUSED, PERSONALIZED EDUCATION THAT DRIVES STUDENT SUCCESS. VALUES: EXCELLENCE: WE STRIVE TO DO OUR BEST IN ALL THAT WE PURSUE WHILE EMPOWERING OUR STUDENTS THROUGH SCHOLARSHIP AND THE SKILLS NEEDED TO DEVELOP PROFESSIONAL, CIVIC, AND INTERPERSONAL EXPERTISE. EXPLORATION: WE PURSUE A BETTER UNDERSTANDING AND APPRECIATION OF OURSELVES AND THE WORLD THROUGH ACADEMIC INQUIRY, RESEARCH, EXPERIENTIAL LEARNING, AND COLLEGIAL DISCOURSE. INCLUSIVITY: WE SEEK THE DIFFERENT PERSPECTIVES, EXPERIENCES, CULTURES, BACKGROUNDS, ABILITIES, TALENTS, AND CONTRIBUTIONS THAT COMPRISE A GLOBAL SOCIETY AND WE WORK TO BUILD A STRONG MULTI-DIMENSIONAL, AND SUSTAINABLE COMMUNITY. JUSTICE: WE PROMOTE FAIRNESS, INTEGRITY, LIBERTY, AND EQUITY IN OUR THOUGHTS, SERVICE, AND ACTIONS TO LEAD OUR LOCAL COMMUNITIES AND THE WORLD. KINDNESS: WE FOSTER A COMMUNITY THAT IS FRIENDLY, CONSIDERATE, RESPECTFUL, AND EMPATHETIC AS WE CARE FOR AND SHAPE CITIZENS WHO UNDERSTAND THAT THEIR ACTIONS AND WORDS IMPACT OTHERS. SERVICE: THROUGH SELFLESS ACTS, WE CONTRIBUTE TO THE HEALTH AND WELLNESS OF OTHERS AS WE STRIVE TO CREATE A BETTER SOCIETY AND WORLD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY UNIVERSITY MANAGEMENT, GENERAL COUNSEL AND THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE FORM 990 WITH THE INDEPENDENT ACCOUNTANT AND ACCEPTS THE FILINGS. THE FINAL COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE IS ANNUALLY DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR ADMINISTRATIVE PERSONNEL TO DETERMINE RELATED PARTY/CONFLICT OF INTEREST DISCLOSURES. QUESTIONNAIRE RESPONSES ARE REVIEWED BY MANAGEMENT AND THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES TO DETERMINE IF ANY POTENTIAL CONFLICTS EXIST. FOR ANY IDENTIFIED CONFLICTS, THE BOARD EXPLICITLY REQUIRES THAT THE RELATED PARTY ENTER INTO A BOARD APPROVED CONFLICT MANAGEMENT PLAN TO ENSURE NO CONFLICT OF INTEREST IS PERCEIVED. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS ESTABLISHED ANNUALLY BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE UNIVERSITY UTILIZED AN INDEPENDENT COMPENSATION FIRM TO COMPLETE AN EXECUTIVE COMPENSATION STUDY. COMPARATIVE SALARY AND BENEFIT INFORMATION WAS REVIEWED TO ESTABLISH THE APPROPRIATE LEVEL OF EXECUTIVE COMPENSATION. EXECUTIVE COMPENSATION WAS REVIEWED AND APPROVED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. COMPENSATION DELIBERATION AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED BY THE EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE. THE MOST RECENTLY CONDUCTED EXECUTIVE COMPENSATION STUDY WAS COMPLETED IN MAY 2020 FOR THE PRESIDENT AND 13 OTHER EXECUTIVE POSITIONS WHICH INCLUDE THE OTHER OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY. 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 REQUEST. FORM 990, PART XI, LINE 9: NET ASSOCIATED STUDENT REVENUE/EXPENSES 252,302. BOOK/TAX DIFFERENCE FROM K-1 -53,536. PLEDGE WRITE OFF -319,400. CHANGE IN ASSET RETIREMENT OBLIGATIONS -55,280. 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