Civic Intelligence

George Fox University

990 • Fiscal year 2024 • EIN 93-0386839

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

414 N Meridian StreetNewberg, OR 97132

(503) 538-8383

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.24x

Higher debt load relative to assets than 45% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.39x

Higher debt load relative to revenue than 43% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

55th percentile

5.3%

Higher net margin than 55% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

37th percentile

$611,634

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

43rd percentile

5.1%

Faster asset growth than 43% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

3.8%

Faster revenue growth than 31% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$255,622,308

Up $12,298,895 (+5.1%) from 2023

Net Assets

Up

$193,486,189

Up $11,851,755 (+6.5%) from 2023

Liabilities

Up

$62,136,119

Up $447,140 (+0.7%) from 2023

Revenue

Up

$157,571,374

Up $5,826,869 (+3.8%) from 2023

Expenses

Up

$149,295,263

Up $6,986,369 (+4.9%) from 2023

Net Income

Down

$8,276,111

Down $1,159,500 (-12%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $103,685,688Liabilities 2010: $40,575,913Net Assets 2010: $63,109,7752010Assets 2011: $101,145,842Liabilities 2011: $38,523,829Net Assets 2011: $62,622,0132011Assets 2012: $102,243,447Liabilities 2012: $39,601,461Net Assets 2012: $62,641,9862012Assets 2013: $107,074,247Liabilities 2013: $38,397,335Net Assets 2013: $68,676,9122013Assets 2014: $123,822,699Liabilities 2014: $44,812,440Net Assets 2014: $79,010,2592014Assets 2015: $131,225,701Liabilities 2015: $41,448,419Net Assets 2015: $89,777,2822015Assets 2016: $147,994,878Liabilities 2016: $49,889,848Net Assets 2016: $98,105,0302016Assets 2017: $158,864,075Liabilities 2017: $43,603,589Net Assets 2017: $115,260,4862017Assets 2018: $172,443,298Liabilities 2018: $46,038,086Net Assets 2018: $126,405,2122018Assets 2019: $194,146,773Liabilities 2019: $60,104,158Net Assets 2019: $134,042,6152019Assets 2020: $200,923,677Liabilities 2020: $61,082,881Net Assets 2020: $139,840,7962020Assets 2021: $236,953,683Liabilities 2021: $71,918,874Net Assets 2021: $165,034,8092021Assets 2022: $249,027,565Liabilities 2022: $78,512,595Net Assets 2022: $170,514,9702022Assets 2023: $243,323,413Liabilities 2023: $61,688,979Net Assets 2023: $181,634,4342023Assets 2024: $255,622,308Liabilities 2024: $62,136,119Net Assets 2024: $193,486,1892024

Highlighted filing

2024

Assets$255,622,308
Liabilities$62,136,119
Net Assets$193,486,189

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $75,251,5012010Revenue 2011: $81,937,285Expenses 2011: $82,597,578Net Income 2011: -$660,2932011Revenue 2012: $89,570,412Expenses 2012: $85,645,392Net Income 2012: $3,925,0202012Expenses 2013: $84,186,0032013Revenue 2014: $99,022,232Expenses 2014: $89,780,467Net Income 2014: $9,241,7652014Revenue 2015: $110,637,868Expenses 2015: $98,075,850Net Income 2015: $12,562,0182015Revenue 2016: $116,121,500Expenses 2016: $105,461,608Net Income 2016: $10,659,8922016Revenue 2017: $128,453,593Expenses 2017: $114,723,028Net Income 2017: $13,730,5652017Revenue 2018: $132,997,587Expenses 2018: $121,846,387Net Income 2018: $11,151,2002018Revenue 2019: $133,068,462Expenses 2019: $124,962,047Net Income 2019: $8,106,4152019Revenue 2020: $137,279,638Expenses 2020: $129,374,405Net Income 2020: $7,905,2332020Revenue 2021: $138,957,860Expenses 2021: $119,610,635Net Income 2021: $19,347,2252021Revenue 2022: $149,102,289Expenses 2022: $135,758,121Net Income 2022: $13,344,1682022Revenue 2023: $151,744,505Expenses 2023: $142,308,894Net Income 2023: $9,435,6112023Revenue 2024: $157,571,374Expenses 2024: $149,295,263Net Income 2024: $8,276,1112024

Highlighted filing

2024

Revenue$157,571,374
Expenses$149,295,263
Net Income$8,276,111
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$176,178,544
Mission and Program Overview

Mission

George fox university, a christ centered community, prepares students spiritually, academically, and professionally to think with clarity, act with integrity, and serve with passion.

George fox university, a christ centered community, prepares students spiritually, academically, and professionally to think with clarity, act with integrity, and serve with passion through both undergraduate and graduate educational programs of study for approximately 4,300 students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$129,942,572$137,316,197▲ $7,373,625
Investments in Publicly Traded Securities$61,610,669$60,697,296▼ $913,373
Savings and Temporary Cash Investments$47,016,079$52,385,009▲ $5,368,930
Pledges and Grants Receivable$1,643,090$2,200,416▲ $557,326
Accounts Receivable$2,325,854$1,854,202▼ $471,652
Prepaid Expenses and Deferred Charges$489,528$861,697▲ $372,169
Investments Other Securities$86,350$76,397▼ $9,953
Cash and Non-Interest-Bearing Accounts$13,350$12,700▼ $650
Total Assets$243,323,413$255,622,308▲ $12,298,895
Other Assets Total$195,921$218,394▲ $22,473
Liabilities
Tax Exempt Bond Liabilities$38,016,455$37,314,879▼ $701,576
Deferred Revenue$10,242,203$11,897,983▲ $1,655,780
Mortgage Notes Payable Secured by Investment Property$6,067,160$5,853,653▼ $213,507
Accounts Payable and Accrued Expenses$5,324,552$5,475,920▲ $151,368
Other Liabilities$1,697,562$1,593,684▼ $103,878
Unsecured Notes Loans Payable$341,047$0▼ $341,047
Total Liabilities$61,688,979$62,136,119▲ $447,140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$147,578,910$156,674,762▲ $9,095,852
Net Assets With Donor Restrictions$34,055,524$36,811,427▲ $2,755,903
Total Net Assets Fund Balance$181,634,434$193,486,189▲ $11,851,755
Total Liabilities and Net Assets / Fund Balance$243,323,413$255,622,308▲ $12,298,895

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$114,602,156$50,048,941$164,651,097
Equipment$2,938,090$28,338,130$31,276,220
Land$13,845,208-$13,845,208
Leasehold Improvements$4,088,116$7,856,142$11,944,258
Other Land Buildings$1,842,627-$1,842,627

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$30,903,614$533,430▲ $3,933,526$142,861$34,311,558
2022$29,152,661$641,616▲ $2,217,585$194,672$30,903,614
2021$32,195,520$1,002,577▼ $3,098,426$192,932$29,152,661
2020$26,218,560$1,199,649▲ $5,654,552$188,269$32,195,520
2019$24,893,166$1,393,572▲ $768,488$182,156$26,218,560
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robin BakerCEO/presidentFT$344,639$266,995$611,634
Vicki PiersallCFO/VP of Finance & TreasuryFT$275,480$18,739$294,219
Bob HarderExecutive DeanFT$179,533$28,804$208,337
Andrea ScottSpecial Advisor to the PresidentFT$184,032$22,886$206,918
Bradley LauVP Student LifeFT$167,010$32,206$199,216
Curt StilpAssociate Dean of Medical ScienceFT$167,547$31,582$199,129
Lindsay KnoxVP Enrollment & MarketingFT$163,241$30,461$193,702
Arminda LathropVP AdvancementFT$156,737$31,109$187,846
Mary PetersonProvostFT$159,274$24,748$184,022
David CimboraExecutive DeanFT$150,806$30,765$181,571
Kara RomanAssoc. Professor of Medical ScienceFT$145,154$34,948$180,102
William BuhrowDean of Student ServicesFT$150,572$20,938$171,510
Nichole DrewVP People & CultureFT$139,123$20,352$159,475
Stanley PaulDirector, Occupational Therapy ProgramFT$146,577$9,909$156,486
Stanley PaulDirector, Occupational Therapy Progr-$145,975$10,511$156,486
Shawn DaleyVP Strategy and Business DevelopmentFT$137,080$19,047$156,127
Brian DoakVP George Fox DigitalFT$121,217$27,723$148,940

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
First American Title CompanyTitle Settlement ServicesPO BOX 1239, Mcminnville, OR 97128$14,726,406
Todd Construction INCConstructionPO BOX 949, Tualatin, OR 97062$5,676,253
Bon AppetitFood ServicesPO BOX 417632, Boston, MA 02241-7632$4,614,475
Profectus INCCleaning Services11851 NE GLENN WIDING DRIVE B, Portland, OR 97220$1,232,503
Pence Contractors LLCConstruction5400 MEADOWS ROAD SUITE 410, Lake Oswego, OR 97035$646,474
Revenue and Support

Revenue Composition

Contributions and Grants
$7,922,180
Program Service Revenue
$143,012,033
Investment Income
$5,026,982
Other Revenue
$1,610,179
All Other Contributions
$6,923,073
Change in Net Assets
$8,276,111

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$135,000Market Value
Other Non Cash Contri Table1$79,000Market Value
Securities Publicly Traded3$21,113Midpoint Fair Market Value (FMV) - Gift Date
Other Non Cash Contri Table4$4Market Value
Clothing and Household Goods-$2Market Value
Total Noncash Contributions9$235,119-

Audited Revenue Reconciliation

Revenue per Audited Statements
$157,281,531
Revenue Not Reported on Financial Statements
$289,843
Revenue Not Reported on Form 990
$-44,102,190
Total Revenue per Audited Statements
$113,179,341
Total Revenue per Form 990
$157,571,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$63,400,483
Grants and Similar Amounts Paid$48,099,467
Other Expenses$37,795,313
Total Fundraising Expense$1,572,943
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$48,099,467--$48,099,467
Other Salaries and Wages$38,054,147$7,734,121$722,841$46,511,109
Fees for Services Other$7,652,756$2,294,386$1,452$9,948,594
Other Employee Benefits$4,935,182$3,829,408$127,559$8,892,149
Office Expenses$4,013,752$1,265,594$137,588$5,416,934
Depreciation Depletion$4,825,734--$4,825,734
Travel$3,309,023$127,208$9,951$3,446,182
Payroll Taxes$2,576,603$591,925$88,747$3,257,275
Current Officers, Directors, Trustees, and Key Employees$1,139,206$1,117,652$487,828$2,744,686
Occupancy$119,865$2,594,301$8$2,714,174
Information Technology$631,024$1,894,272$-96,739$2,428,557
Advertising$164,212$2,104,071$13,814$2,282,097
Pension Plan Contributions$1,605,302$352,313$37,649$1,995,264
Interest$911,909$419,533-$1,331,442
Conferences and Meetings$1,009,530$171,543$19,710$1,200,783
Insurance$82,338$930,471-$1,012,809
Fees for Service Investment Mgmnt Fees-$289,843-$289,843
Fees for Services Legal-$178,727-$178,727
Fees for Services Accounting-$133,833-$133,833
Other Expenses$6,941,945$-6,941,945$16,400$0
All Other Expenses$387,185$-483,744-$-96,559
Total Functional Expenses$127,575,291$20,147,029$1,572,943$149,295,263

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$149,295,263
Total Expenses per Audited Statements$101,327,586
Expenses per Audited Statements$100,905,953
Expenses Not Reported on Financial Statements$48,389,310
Other Expense Adjustments$48,099,467
Expenses Not Reported on Form 990$421,633
International Activity

International Summary

Offices
0
Employees
0
Spending
$2,510,566

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$2,190,844
Europe (including Iceland & Greenland)Investments-00$319,722
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Relative of TrusteeEmployed by the UniversityNo$45,687
-Relative of TrusteeEmployed by the UniversityNo$41,082
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Actuarial Liability for Annuities Payable and Charitable Remainder Trust$1,376,830
Lease Liability - Operating Rou$216,854

Bond Issues

BondIssuerIssuedIssue PricePurpose
AYamhill County Oregon Series 2021 George Fox University Project2021-12-01$45,635,213Revenue and refunding bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$45,635,213-$720,000$556,134

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by a third-party accounting firm. Finance office staff, the controller and the cfo review the form 990 before filing. The board of trustees finance committee reviews form 990 after filing at their next board meeting.

Form 990, Part VI, Section B, Line 12C

Gfu's conflict of interest policy states that a trustee and/or employee with identified conflict of interest will refrain from participating in the considerations regarding the proposed transaction, and from the action required to authorize or approve the transactions in which the conflict exists. Annually, the board of trustee members are required to complete a new conflict of interest form, which are maintained and reviewed by the president's office. When a trustee's conflict of interest form denotes a potential conflict of interest, the president's office escalates the form to the chief financial officer (cfo) for review. During the new hire onboarding process employees are required to complete a conflict of interest form, which is maintained and reviewed by human resources. When an employee's conflict of interest form denotes a potential conflict of interest, the executive director of human resources escalates the form to the cfo for review. If needed, the cfo contacts the trustee, employee, or the head of the department that might be impacted by the conflict of interest to ensure that gfu's conflict of interest policy is understood and that sound business practices continue to be followed in selecting vendors, etc.

Form 990, Part VI, Section B, Line 15

For the president of the university: compensation is evaluated and established by the board of trustees. No conflict of interest for members evaluating and reviewing the president's compensation exists. The board reviews and discusses the compensation of other university presidents within the council for christian colleges and universities, specifically, the ones with similar enrollment and student demographics (pell eligibility, etc.), and then adjusts for the cost of living in other regions. Compensation is approved by the board. Discussion within the board regarding compensation issues is documented in the appropriate minutes of those meetings, generally the executive committee of the board. This process is documented through the transfer of this documentation and email correspondence between human resources and the president's office. A contract is completed and signed by a board member and supplied to the human resources. Changes and/or adjustments to the president's compensation are also communicated via email on behalf of a member of the board. For this period, the review of the president's compensation package was completed in the spring of 2022. The president's compensation and contract runs through june 2024. For the vice presidents and provost: compensation is evaluated and established by the president of the university. No conflict of interest exists. The president of the university reviews the compensation of other university vice presidents within the council for christian colleges and universities, specifically, the ones with similar enrollment and student demographics (pell eligibility, etc.), and then adjusts for the cost of living in other regions. Cupa-hr survey data is also supplied to the president by human resources for comparison. Individual compensation is negotiated between each vice president and the president of the university. The budget for that compensation is approved as part of the entire university budget by the board of trustees. A contract is completed for each vice president and signed by the president of the university. This process is documented through the transfer of this documentation and email correspondence between human resources and the president's office. Current contracts run as follows: chief financial officer- july 1, 2022 - june 30, 2024. Vp of enrollment and marketing- july 1, 2022 - june 30, 2025. Vp of student life- july 1, 2022 - june 30, 2025. Vp of advancement- july 1, 2023 - june 30, 2025. Vp of people and culture july 1, 2021 - june 30, 2024. Vp for gfd- this position is no longer under contract. Provost- july 1, 2020-june 30, 2023.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policy are made available on the university's website. Financial statements are not made available to the public.

Filing and Contact Details

Filer

Filer Name
George Fox University
EIN
93-0386839
Phone
5035388383
Address
414 N MERIDIAN STREET, NEWBERG, OR 97132

Signing Officer

Name
Vicki Piersall
Title
CFO
Phone
5035388383
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vicki Piersall
Formed
1891
Legal Domicile
Or
Voting Board Members
32
Independent Board Members
30
Employees
2,350
Volunteers
159

Preparer

Firm
Moss Adams Llp
Address
805 SW BROADWAY STE 1400, PORTLAND, OR 97205
Preparer
Wendy Campos
Phone
5032421447
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Write-off of prior year pledges -50,220. Change in present value of annuities payable 5,646. Change in present value of charitable remainder trusts -75,359.

Financial Statement Notes

PART III, LINE 4:

Art items are used in teaching, and ancient manuscripts are part of an ongoing project to preserve and scan ancient manuscripts for posterity and to provide the scanned documents for scholarship.

PART V, LINE 4:

Endowment funds are used for student scholarships and also for other designated educational purposes as required by the donor.

PART X, LINE 2:

The university recognizes the tax benefit from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The university had no unrecognized tax benefits at june 30, 2024 and 2023. The university recognizes interest accrued and penalties related to unrecognized tax benefits, if any, as an administrative expense. During the years ended june 30, 2024 and 2023, the university recognized no interest and penalties.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in present value of annuities payable 5,646. Change in present value of charitable remainder trusts -75,359. Financial aid netted with revenue on financial statements -48,099,467. Rental expenses netted with revenue on form 990 421,633.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses netted with revenue on form 990 421,633.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid netted with revenue on financial statements 48,099,467.

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IRS990/ActivityOrMissionDesc0GEORGE FOX UNIVERSITY, A CHRIST CENTERED COMMUNITY, PREPARES STUDENTS SPIRITUALLY, ACADEMICALLY, AND PROFESSIONALLY TO THINK WITH CLARITY, ACT WITH INTEGRITY, AND SERVE WITH PASSION THROUGH BOTH UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS OF STUDY FOR APPROXIMATELY 4,300 STUDENTS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$256$62.1$193$158$149$8.28
2023Summary only. Only limited summary data is available for this year.$243$61.7$182$152$142$9.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$249$78.5$171$149$136$13.3
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$237$71.9$165$139$120$19.3
2020Summary only. Only limited summary data is available for this year.$201$61.1$140$137$129$7.91
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$194$60.1$134$133$125$8.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$172$46.0$126$133$122$11.2
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$159$43.6$115$128$115$13.7
2016Detailed filing. Detailed filing data is available for this year.$148$49.9$98.1$116$105$10.7
2015Detailed filing. Detailed filing data is available for this year.$131$41.4$89.8$111$98.1$12.6
2014Detailed filing. Detailed filing data is available for this year.$124$44.8$79.0$99.0$89.8$9.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$38.4$68.7$84.2
2012Summary only. Only limited summary data is available for this year.$102$39.6$62.6$89.6$85.6$3.93
2011Summary only. Only limited summary data is available for this year.$101$38.5$62.6$81.9$82.6$0.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$104$40.6$63.1$75.3
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $250M-$1B nonprofits