Civic Intelligence

Point Loma Nazarene University Foundation

990 • Fiscal year 2014 • EIN 95-3948691

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

Organization Profilewww.pointloma.edu
3900 Lomaland Drive92106

(619) 849-2200

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.07x

Higher debt load relative to assets than 22% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.60x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$307,969

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$54,461,769

Up $5,246,512 (+11%) from 2013

Net Assets

Up

$50,573,452

Up $7,996,090 (+19%) from 2013

Liabilities

Down

$3,888,317

Down $2,749,578 (-41%) from 2013

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin97th percentile

Revenue

$6,440,545

No earlier filing loaded for comparison.

Expenses

Down

$1,236,855

Down $562,041 (-31%) from 2013

Net Income

$5,203,690

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$100M$50M$0Assets 2010: $39,693,085Liabilities 2010: $8,752,286Net Assets 2010: $30,940,7992010Assets 2011: $44,731,926Liabilities 2011: $10,376,366Net Assets 2011: $34,355,5602011Assets 2012: $46,003,350Liabilities 2012: $7,015,053Net Assets 2012: $38,988,2972012Assets 2013: $49,215,257Liabilities 2013: $6,637,895Net Assets 2013: $42,577,3622013Assets 2014: $54,461,769Liabilities 2014: $3,888,317Net Assets 2014: $50,573,4522014Assets 2015: $56,933,375Liabilities 2015: $1,684,184Net Assets 2015: $55,249,1912015Assets 2016: $55,701,932Liabilities 2016: $1,642,939Net Assets 2016: $54,058,9932016Assets 2017: $60,000,082Liabilities 2017: $1,582,695Net Assets 2017: $58,417,3872017Assets 2018: $66,540,758Liabilities 2018: $1,732,294Net Assets 2018: $64,808,4642018Assets 2019: $66,269,404Liabilities 2019: $1,735,472Net Assets 2019: $64,533,9322019Assets 2020: $66,873,359Liabilities 2020: $1,498,929Net Assets 2020: $65,374,4302020Assets 2021: $75,680,790Liabilities 2021: $1,504,487Net Assets 2021: $74,176,3032021Assets 2022: $75,339,326Liabilities 2022: $2,277,809Net Assets 2022: $73,061,5172022Assets 2023: $87,030,587Liabilities 2023: $2,366,419Net Assets 2023: $84,664,1682023

Highlighted filing

2014

Assets$54,461,769
Liabilities$3,888,317
Net Assets$50,573,452
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0Expenses 2010: $608,2942010Expenses 2011: $528,7342011Expenses 2012: $1,453,4452012Expenses 2013: $1,798,8962013Revenue 2014: $6,440,545Expenses 2014: $1,236,855Net Income 2014: $5,203,6902014Revenue 2015: $8,278,882Expenses 2015: $1,752,218Net Income 2015: $6,526,6642015Revenue 2016: $3,364,527Expenses 2016: $2,283,544Net Income 2016: $1,080,9832016Revenue 2017: $2,321,336Expenses 2017: $1,298,684Net Income 2017: $1,022,6522017Revenue 2018: $5,375,023Expenses 2018: $1,108,388Net Income 2018: $4,266,6352018Revenue 2019: $4,010,201Expenses 2019: $1,394,944Net Income 2019: $2,615,2572019Revenue 2020: $2,051,828Expenses 2020: $1,550,414Net Income 2020: $501,4142020Revenue 2021: $2,403,306Expenses 2021: $1,203,464Net Income 2021: $1,199,8422021Revenue 2022: $10,051,480Expenses 2022: $1,500,930Net Income 2022: $8,550,5502022Revenue 2023: $10,349,600Expenses 2023: $1,514,014Net Income 2023: $8,835,5862023

Highlighted filing

2014

Revenue$6,440,545
Expenses$1,236,855
Net Income$5,203,690
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$6,476,418
Mission and Program Overview

Mission

The primary objectives and purposes of this corporation shall be to promote major gift fundraising for Point Loma Nazarene University (PLNU) through excellence in strategic development, major donor engagement, and oversight of foundation assets.

Supports Point Loma Nazarene University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$30,384,525$37,486,472▲ $7,101,947
Land, Buildings, and Equipment, Net$9,430,723$9,419,215▼ $11,508
Investments Other Securities$3,300,895$2,110,752▼ $1,190,143
Savings and Temporary Cash Investments$272,198--
Accounts Receivable$3,397$3,397→ $0
Total Assets$49,215,257$54,461,769▲ $5,246,512
Other Assets Total$5,823,519$5,441,933▼ $381,586
Liabilities
Other Liabilities$6,627,254$3,879,217▼ $2,748,037
Unsecured Notes Loans Payable$7,500$7,500→ $0
Deferred Revenue$1,600$1,600→ $0
Accounts Payable and Accrued Expenses$1,541--
Total Liabilities$6,637,895$3,888,317▼ $2,749,578
Net Assets / Fund Balance
Unrestricted Net Assets$18,056,404$23,200,672▲ $5,144,268
Permanently Rstr Net Assets$20,123,927$21,004,761▲ $880,834
Temporarily Rstr Net Assets$4,397,031$6,368,019▲ $1,970,988
Total Net Assets Fund Balance$42,577,362$50,573,452▲ $7,996,090
Total Liabilities and Net Assets / Fund Balance$49,215,257$54,461,769▲ $5,246,512

Asset Categories

AssetBook ValueDepreciationBasis
Land$9,419,215--
Other Assets Org$30,547--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$39,529,525$4,463,810▲ $4,707,748$449,625$47,308,783
2012$35,623,245$2,833,451▲ $2,369,288$669,295$39,529,525
2011$34,915,208$831,884▲ $457,013-$35,623,245
2010$28,121,117$5,235,966▲ $2,062,546-$34,915,208
2009$21,976,085$4,875,583▲ $1,777,221-$28,121,117
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Craig Van HulzenPresident/Board Chair
William James CullumberVice President
Tom BattinBoard Liason
Daryl NicholsonDirector
Howard WootonDirector
Joe WatkinsDirector
Larry HesterDirector
Mendell ThompsonDirector
Robert BrowerDirector
Steve ScottDirector
Gary SmeeSecretary
George R Latter JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,947,362
Program Service Revenue
$0
Investment Income
$2,284,591
Other Revenue
$208,592
All Other Contributions
$1,056,956
Change in Net Assets
$5,203,690

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,174,183
Revenue Not Reported on Financial Statements
$3,266,362
Revenue Not Reported on Form 990
$2,033,464
Other Revenue Adjustments
$2,854,533
Total Revenue per Audited Statements
$5,207,647
Total Revenue per Form 990
$6,440,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$789,230
Grants and Similar Amounts Paid$447,625
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$447,625--$447,625
Fees for Service Investment Mgmnt Fees$411,568$261-$411,829
Occupancy$6,083$81,424-$87,507
Other Expenses$49,387--$49,387
Fees for Services Other$2,390--$2,390
Office Expenses$1,638--$1,638
Travel$220--$220
Conferences and Meetings$79--$79
Total Functional Expenses$1,155,170$81,685$0$1,236,855

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,236,855
Expenses Not Reported on Financial Statements$1,095,634
Other Expense Adjustments$683,805
Expenses per Audited Statements$141,221
Total Expenses per Audited Statements$-2,713,312
Expenses Not Reported on Form 990$-2,854,533
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Point Loma Nazarene University$2,148,120
Charitable trusts & annuities payable$1,731,097
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 A, line 2

“Daryl Nicholson, Craig Van Hulzen and Gary Smee - business relationship.”

Form 990, Part VI, Section B, line 11

“The form 990 is prepared by an independent CPA firm, reviewed by the finance department, and then distributed to the Board of Directors for review before being filed with the IRS.”

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

“Conflict of interest statements are completed annually by all members of the Governing Body. The University's (PLNU) audit committee serves the purpose of oversight for both the Foundation's and PLNU's financial statement audit and independent auditor selection as the Foundation and PLNU report consolidated audited financial statements.”

Form 990, Part VI, Section C, line 19

“The University's governing documents, conflict of interest policy, and financial statements are available upon request.”

990, Part VI, Section B Line 15A and 15B:

“The Foundation has no employees. Compensation amounts on Form 990 Part VII are from a related organization. Therefore, these questions related to approval of officer compensation are not applicable to the Foundation.”

Filing and Contact Details

Filer

EIN
95-3948691
Phone
6198492200

Signing Officer

Name
George R Latter Jr
Title
Treasurer
Phone
6198492200
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Van Hulzen
Formed
1965
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
9
Employees
0
Volunteers
12

Preparer

Preparer
David C Moja
Phone
7149619300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Trust and annuity actuarial gain 54,782. Present value adjustment to annuities payable 20,349.”

Form 990, Part XII, Line 2C:

“The Foundation has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.”

Form 990, Part IX:

“Employees of Point Loma Nazarene University, a related organization, perform some administrative functions for the Foundation. These employees' compensation is reported on the University's Form 990.”

Financial Statement Notes

Part V, Line 4:

“Provide scholarship funds and support the general operations of the Foundation and University.”

Part X, Line 2:

“The combined financial statement effects of a tax position taken or expected to be taken are recognized in the combined financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the combined statements of activities. As of June 30, 2014 and 2013, the University had no uncertain tax positions that qualify for recognition or disclosure in the combined financial statements. The University files information tax returns in the U.S. and California. The University is subject to income tax examinations for the current year and certain prior years based on the applicable laws and regulations.”

Part XI, Line 2D - Other Adjustments:

“Payments on annuities -236,180. Scholarships netted to tuition revenue per books -447,625.”

Part XI, Line 4B - Other Adjustments:

“Rental expense -35,873. Grant from the University that was grouped as an audit expense. 2,890,406.”

Part XII, Line 2D - Other Adjustments:

“Rental expense 35,873. Grant from the University that was grouped as an audit expense. -2,890,406.”

Part XII, Line 4B - Other Adjustments:

“Scholarships netted to tuition revenue per books 447,625. Payments on annuities 236,180.”

Raw XML AppendixShowing 400 of 587 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipCostOrOtherBssAmt09419215
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt035873
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The primary objectives and purposes of this corporation shall be to promote major gift fundraising for Point Loma Nazarene University (PLNU) through excellence in strategic development, major donor engagement, and oversight of foundation assets.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt042577362
IRS990/NetAssetsOrFundBalancesEOYAmt050573452
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02164254
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02164254
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0208592
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0208592
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02717269
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt081424
IRS990/OccupancyGrp/ProgramServicesAmt06083
IRS990/OccupancyGrp/TotalAmt087507
IRS990/OfficeExpensesGrp/ProgramServicesAmt01638
IRS990/OfficeExpensesGrp/TotalAmt01638
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05823519
IRS990/OtherAssetsTotalGrp/EOYAmt05441933
IRS990/OtherChangesInNetAssetsAmt075131
IRS990/OtherExpensesGrp/Desc0Payments on Annuities
IRS990/OtherExpensesGrp/Desc1Other
IRS990/OtherExpensesGrp/ProgramServicesAmt0236180
IRS990/OtherExpensesGrp/ProgramServicesAmt149387
IRS990/OtherExpensesGrp/TotalAmt0236180
IRS990/OtherExpensesGrp/TotalAmt149387
IRS990/OtherLiabilitiesGrp/BOYAmt06627254
IRS990/OtherLiabilitiesGrp/EOYAmt03879217
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt020123927
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt021004761
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Craig Van Hulzen
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02215359
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0427589
IRS990/PYInvestmentIncomeAmt01705409
IRS990/PYOtherExpensesAmt01371307
IRS990/PYOtherRevenueAmt0106645
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02228517
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01798896
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04027413
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05203690
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt02890406
IRS990/RentalIncomeOrLossGrp/RealAmt0208592
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0272198
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0951644035
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0Line 2
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10Point Loma Nazarene University
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.46000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0386549
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt039529525
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt04463810
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt047308783
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0556126
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt04707748
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0449625
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt097494
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt035623245
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02833451
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt039529525
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0529670
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02369288
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0669295
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0170342
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt034915208
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0831884
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt035623245
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0410518
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0457013
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0101482
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt028121117
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt05235966
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt034915208
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0402939
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02062546
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt025290
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt021976085
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt04875583
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt028121117
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0482482
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01777221
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0-2854533
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01095634
IRS990ScheduleD/ExpensesSubtotalAmt0141221
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0411829
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0411829
IRS990ScheduleD/LandGrp/BookValueAmt09419215
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt09419215
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02717269
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05411386
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt130547
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Equity participation notes receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Other receivables
IRS990ScheduleD/OtherExpensesIncludedAmt0-2854533
IRS990ScheduleD/OtherExpensesNotIncludedAmt0683805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01731097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12148120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Charitable trusts & annuities payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payable to Point Loma Nazarene University
IRS990ScheduleD/OtherRevenueAmt0-683805
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02854533
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.54000
IRS990ScheduleD/RevenueNotReportedAmt02033464
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03266362
IRS990ScheduleD/RevenueSubtotalAmt03174183
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Provide scholarship funds and support the general operations of the Foundation and University.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The combined financial statement effects of a tax position taken or expected to be taken are recognized in the combined financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the combined statements of activities. As of June 30, 2014 and 2013, the University had no uncertain tax positions that qualify for recognition or disclosure in the combined financial statements. The University files information tax returns in the U.S. and California. The University is subject to income tax examinations for the current year and certain prior years based on the applicable laws and regulations.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Payments on annuities -236,180. Scholarships netted to tuition revenue per books -447,625.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Rental expense -35,873. Grant from the University that was grouped as an audit expense. 2,890,406.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Rental expense 35,873. Grant from the University that was grouped as an audit expense. -2,890,406.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5Scholarships netted to tuition revenue per books 447,625. Payments on annuities 236,180.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09419215
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05441933
IRS990ScheduleD/TotalExpensesPerForm990Amt01236855
IRS990ScheduleD/TotalLiabilityAmt03879217
IRS990ScheduleD/TotalRevenuePerForm990Amt06440545
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05207647
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0-2713312
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0447625
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Tuition assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0321
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation only grants funds to Point Loma Nazarene University, a related entity which the Foundation is a supporting organization to. The finance team overseeing the foundation's books and records also oversees the Universty's books.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$54,461,769
Liabilities
$3,888,317
Net assets
$50,573,452
Revenue
$6,440,545
Expenses
$1,236,855
Net income
$5,203,690
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$87.0$2.37$84.7$10.3$1.51$8.84
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.3$2.28$73.1$10.1$1.50$8.55
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.7$1.50$74.2$2.40$1.20$1.20
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.9$1.50$65.4$2.05$1.55$0.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.3$1.74$64.5$4.01$1.39$2.62
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.5$1.73$64.8$5.38$1.11$4.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.0$1.58$58.4$2.32$1.30$1.02
2016Detailed filing. Detailed filing data is available for this year.$55.7$1.64$54.1$3.36$2.28$1.08
2015Detailed filing. Detailed filing data is available for this year.$56.9$1.68$55.2$8.28$1.75$6.53
2014Detailed filing. Detailed filing data is available for this year.$54.5$3.89$50.6$6.44$1.24$5.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.2$6.64$42.6$1.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.0$7.02$39.0$1.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.7$10.4$34.4$0.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.7$8.75$30.9$0.61