2024-04-05T12:24:55-05:00 2023-05-31 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2022-06-01 951643992 CHAPMAN UNIVERSITY CHAP 7147447099 ONE UNIVERSITY DRIVE ORANGE CA 92866 HAROLD W HEWITT JR EVP/COO 7147447099 2024-04-01 1 HAROLD HEWITT JR XXX-XX-XXXX 0 CAREY MCKEE P01281067 2139724000 2024-04-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIELE C STRUPPA ONE UNIVERSITY DRIVE ORANGE CA 92866 1109801029 0 X WWW.CHAPMAN.EDU X 1861 CA PERSONALIZED EDUCATION THAT LEADS TO INQUIRING, ETHICAL, & PRODUCTIVE LIVES AS GLOBAL CITIZENS. 63 62 5701 400 723052 0 44045778 56695460 568740523 622069242 75475224 8770698 9456494 10052119 697718019 697587519 182989774 200141892 0 0 248209308 263513684 0 0 17884210 152036845 186456126 583235927 650111702 114482092 47475817 2132825456 2207207972 572791976 595030195 1560033480 1612177777 X THE MISSION OF CHAPMAN UNIVERSITY IS TO PROVIDE PERSONALIZED EDUCATION OF DISTINCTION THAT LEADS TO INQUIRING, ETHICAL AND PRODUCTIVE LIVES AS GLOBAL CITIZENS. 0 0 433811317 200141892 555595207 LISTED BELOW ARE CHAPMAN UNIVERSITY'S ACADEMIC PROGRAMS, WHICH CURRENTLY PROVIDE MORE THAN 50 FIELDS OF UNDERGRADUATE STUDY AND MORE THAN 40 GRADUATE PROGRAMS, AS WELL AS A VARIETY OF CREDENTIAL AND CERTIFICATE PROGRAMS.- GEORGE L. ARGYROS SCHOOL OF BUSINESS AND ECONOMICS- ATTALLAH COLLEGE OF EDUCATIONAL STUDIES- LAWRENCE AND KRISTINA DODGE COLLEGE OF FILM AND MEDIA ARTS- JOHN & DONNA CREAN COLLEGE OF HEALTH AND BEHAVIORAL SCIENCES- WILKINSON COLLEGE OF HUMANITIES AND SOCIAL SCIENCE- COLLEGE OF PERFORMING ARTS- SCHOOL OF PHARMACY- FOWLER SCHOOL OF LAW- SCHMID COLLEGE OF SCIENCE AND TECHNOLOGY- SCHOOL OF COMMUNICATION- FOWLER SCHOOL OF ENGINEERING 55480623 CHAPMAN UNIVERSITY BOASTS TWO LIBRARIES, WHICH SERVE AS A PRIMARY RESOURCE OF ACADEMIC SUPPORT FOR OUR STUDENT BODY: THE LEATHERBY LIBRARIES AND THE HUGH & HAZEL DARLING LAW LIBRARY.THE LEATHERBY LIBRARIES INCLUDE NINE INDIVIDUALLY NAMED LIBRARIES WITH DISTINCTIVE COLLECTIONS REPRESENTING DISCIPLINARY AREAS OF THE UNIVERSITY: ARTS AND HUMANITIES, SOCIAL SCIENCES, SCIENCE AND TECHNOLOGY, EDUCATION, MUSIC, FILM AND TELEVISION, AND BUSINESS AND ECONOMICS. THE FIVE-STORY FACILITY FEATURES 14 GROUP STUDY ROOMS, 6 MULTI-MEDIA PREVIEW ROOMS, 1 MUSIC LISTENING ROOM, OVER 285 COMPUTERS FOR USER ACCESS, 6 COMPUTER CLASSROOMS, A LIBRARY INSTRUCTION ROOM, AN EXTENDED-HOUR STUDY COMMONS AND MORE THAN 750 SEATS AT TABLES, STUDY CARRELS AND LOUNGE CHAIRS. THE LEATHERBY LIBRARIES' COLLECTION CONTAINS ABOUT 350,000 VOLUMES AND ACCESS TO OVER 62,000 JOURNAL TITLES, IN ADDITION TO DVDS, VIDEOS, CDS AND OTHER MEDIA.THE HUGH & HAZEL DARLING LAW LIBRARY, CONTAINING OVER 40,000 SQUARE FEET AND SEATING FOR 300 PATRONS, FEATURES COMFORTABLE, QUIET STUDY AREAS, ALL WITH WIRELESS ACCESS. THE LIBRARY IS DESIGNED TO MEET THE NEEDS OF LEGAL EDUCATION IN THE TWENTY-FIRST CENTURY. IT CONTAINS A COMPREHENSIVE MONOGRAPH COLLECTION AS WELL AS MANY LEGAL RESOURCES IN HARD COPY AND ONLINE. THE LIBRARY IS OPEN 100 HOURS A WEEK ON A REGULAR BASIS AND EVEN LONGER DURING EXAM PERIODS. 42831584 STUDENT SERVICES: CHAPMAN UNIVERSITY STUDENTS HAVE ENDLESS OPPORTUNITIES FOR EXTENDING THEIR EDUCATION BEYOND THE CLASSROOM. THESE OPPORTUNITIES INCLUDE STUDENT GOVERNMENT, DIVISION III INTERCOLLEGIATE ATHLETICS, PUBLICATIONS, RADIO BROADCASTING, FINE ARTS, AND OVER 100 REGISTERED STUDENT ORGANIZATIONS, INCLUDING AN ACTIVE FRATERNITY AND SORORITY SYSTEM. 46874680 66474035 AUXILIARY ENTERPRISESSTUDENTS CAN CHOOSE TO ATTEND A VARIETY OF EDUCATIONAL, SPIRITUAL, CULTURAL, SERVICE AND SOCIAL EVENTS. BECAUSE OF CHAPMAN'S SIZE, STUDENTS ARE NOT LIMITED TO ONE OR TWO ASPECTS OF CAMPUS LIFE BUT ARE ABLE TO ENGAGE IN A WIDE ARRAY OF OPPORTUNITIES. HOWEVER, CHAPMAN'S STRONGEST ASSET IS ITS STUDENT BODY; CHAPMAN STUDENTS REPRESENT A VARIETY OF RACIAL, CULTURAL, AND GEOGRAPHIC BACKGROUNDS, AND THIS DIVERSITY GREATLY ENHANCES THE QUALITY OF CAMPUS LIFE. CHAPMAN UNIVERSITY IS PROUD TO OFFER SEVERAL HOUSING OPTIONS FOR STUDENTS, INCLUDING FIVE TRADITIONAL RESIDENCE HALLS AND THREE APARTMENT-STYLE RESIDENCE FACILITIES. WE STRIVE TO ENSURE THAT OUR RESIDENCE HALLS AND APARTMENTS ARE COMFORTABLE AND SAFE LIVING AND LEARNING ENVIRONMENTS. THE CHAPMAN LIVING AND LEARNING ENVIRONMENT CREATES AN ENGAGING CAMPUS CLIMATE AND PROVIDES MEANINGFUL EXPERIENCES THAT FACILITATE THE FOLLOWING LEARNING OUTCOMES:- A HEALTHY SENSE OF SELF: STUDENTS WILL DEVELOP AN HONEST UNDERSTANDING AND APPRECIATION OF THEMSELVES AND AN ABILITY TO MAKE INDIVIDUAL CHOICES THAT PROMOTE THEIR HEALTH AND WELL-BEING.- A FRAMEWORK OF PERSONAL ETHICS AND VALUES: STUDENTS WILL DEVELOP A FRAMEWORK OF CONSISTENT ETHICS AND VALUES THAT GUIDES THEIR DAILY LIVES.- AN ABILITY TO APPLY CRITICAL THOUGHT: STUDENTS WILL MAKE EFFECTIVE DECISIONS GROUNDED IN CAREFUL, OBJECTIVE ANALYSIS OF INFORMATION,EXPERIENCES AND IDEAS.- AN ABILITY TO DEVELOP AND SUSTAIN MEANINGFUL RELATIONSHIPS: STUDENTS WILL DEVELOP SKILLS TO ESTABLISH AND SUSTAIN HEALTHY, MEANINGFUL INTERPERSONAL RELATIONSHIPS.- A VALUE AND RESPECT FOR DIFFERENCES: STUDENTS WILL RECOGNIZE, RESPECT, AND VALUE DIVERSE EXPERIENCES, IDEAS, BACKGROUNDS AND IDENTITIES.- A COMMITMENT TO CITIZENSHIP: STUDENTS WILL UNDERSTAND THEIR ROLE AND RESPONSIBILITIES WITHIN LOCAL AND GLOBAL COMMUNITIES AND COMMIT TO BECOMING AN ENGAGED MEMBER.- A PURSUIT OF LIFELONG LEARNING: STUDENTS WILL DEVELOP AN INTELLECTUAL CURIOSITY AND DESIRE FOR CONTINUAL LEARNING BOTH WITHIN AND BEYOND FORMAL EDUCATION. 46874680 66474035 578998204 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 1 778 0 1 5701 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 63 62 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO MA MD ME MI NH NV OH OK OR SC WA WI X BRIAN THOMASON 7147447099 ONE UNIVERSITY DRIVE ORANGE CA 92866 DANIELE STRUPPA PRESIDENT/EX-OFFICIO TRUSTEE 40.00 0.00 X X 1187490 0 553037 PARKER S KENNEDY CHAIRMAN 1.00 0.00 X X 0 0 0 JAMES V MAZZO VICE CHAIR 1.00 0.00 X X 0 0 0 SCOTT CHAPMAN SECRETARY 1.00 0.00 X X 0 0 0 ZELMA M ALLRED ASST SEC/EMERITUS TRTE (THRU 1/30/23) 1.00 0.00 X X 0 0 0 AKIN CEYLAN TRUSTEE 1.00 0.00 X 0 0 0 ANDRES IRLANDO TRUSTEE 1.00 0.00 X 0 0 0 ANDY HOROWITZ TRUSTEE 1.00 0.00 X 0 0 0 ANNETTE WALKER TRUSTEE 1.00 0.00 X 0 0 0 CHARLIE ZHANG TRUSTEE (AS OF 9/30/22) 1.00 0.00 X 0 0 0 CHERYL LENTZ TRUSTEE 1.00 0.00 X 0 0 0 DALE E FOWLER TRUSTEE 1.00 0.00 X 0 0 0 EMILE HADDAD TRUSTEE 1.00 0.00 X 0 0 0 GAVIN S HERBERT JR TRUSTEE 1.00 0.00 X 0 0 0 GAYE BIRTCHER TRUSTEE 1.00 0.00 X 0 0 0 GEORGE WALL TRUSTEE 1.00 0.00 X 0 0 0 IRVING M CHASE TRUSTEE 1.00 0.00 X 0 0 0 JAMES B ROSZAK TRUSTEE 1.00 0.00 X 0 0 0 JAMES P BURRA TRUSTEE 1.00 0.00 X 0 0 0 JANE FUJISHIGE YADA TRUSTEE 1.00 0.00 X 0 0 0 JEROME W CWIERTNIA TRUSTEE 1.00 0.00 X 0 0 0 KAREN R WILKINSON TRUSTEE 1.00 0.00 X 0 0 0 KEN BUNT TRUSTEE 1.00 0.00 X 0 0 0 LISA ARGYROS TRUSTEE 1.00 0.00 X 0 0 0 MARILYN ALEXANDER TRUSTEE 1.00 0.00 X 0 0 0 MARK CHAPIN JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 MARK HILBERT TRUSTEE 1.00 1.00 X 0 0 0 MARONYA MOULTRIE TRUSTEE 1.00 0.00 X 0 0 0 MARYBELLE MUSCO TRUSTEE 1.00 0.00 X 0 0 0 MAX VALDES TRUSTEE (AS OF 3/27/23) 1.00 0.00 X 0 0 0 MELINDA MASSON TRUSTEE 1.00 0.00 X 0 0 0 MOHINDAR S SANDHU TRUSTEE 1.00 0.00 X 0 0 0 NELLA WEBSTER-O'GRADY TRUSTEE 1.00 0.00 X 0 0 0 PHILLIP H CASE TRUSTEE (THRU 12/11/22) 1.00 0.00 X 0 0 0 RAJ S BHATHAL TRUSTEE 1.00 0.00 X 0 0 0 RICHARD MUTH TRUSTEE 1.00 0.00 X 0 0 0 RICK LOWE TRUSTEE (AS OF 3/27/23) 1.00 0.00 X 0 0 0 ROBERT CASE TRUSTEE (AS OF 9/30/22) 1.00 0.00 X 0 0 0 RONALD M SIMON TRUSTEE 1.00 0.00 X 0 0 0 THE HONORABLE GADDI VASQUEZ TRUSTEE 1.00 0.00 X 0 0 0 THE HONORABLE LORETTA SANCHEZ TRUSTEE 1.00 0.00 X 0 0 0 TIM VANDERHOOK TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM K HOOD TRUSTEE 1.00 0.00 X 0 0 0 ZEINAB DABBAH TRUSTEE 1.00 0.00 X 0 0 0 ARLENE R CRAIG EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 BARRY RODGERS EMERITUS TRTE (THRU 12/11/22) 1.00 0.00 X 0 0 0 CECILIA PRESLEY EMERITUS TRTE (THRU 12/11/22) 1.00 0.00 X 0 0 0 DAVID C HENLEY EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 DONALD E SODARO EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 DONNA ATTALLAH EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 DOY B HENLEY EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 JOANN LEATHERBY EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 LYNN HIRSCH BOOTH EMERITUS TRTE (THRU 12/11/22) 1.00 0.00 X 0 0 0 R DAVID THRESHIE EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 RICHARD R SCHMID EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 RICHARD BERTEA EMERITUS TRTE (THRU 12/11/22) 1.00 0.00 X 0 0 0 ROBERT A ELLIOTT EMERITUS TRTE (THRU 12/11/22) 1.00 0.00 X 0 0 0 ROGER C HOBBS EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 THE HONORABLE GEORGE L ARGYROS EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 TOM MALLOY EMERITUS TRTE (AS OF 9/30/22) 1.00 0.00 X 0 0 0 WYLIE A AITKEN EMERITUS TRUSTEE 1.00 0.00 X 0 0 0 AARON FLEWELLEN EX OFFICIO TRUSTEE (THRU 5/31/23) 1.00 0.00 X 0 0 0 JAY HARTLEY EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 LAURA BARATTA EX OFFICIO TRUSTEE (THRU 6/1/22) 1.00 0.00 X 0 0 0 MICHAEL PENN EX OFFICIO TRUSTEE (AS OF 1/1/23) 1.00 0.00 X 0 0 0 PAUL A COOK EX OFFICIO TRUSTEE (THRU 1/1/23) 1.00 0.00 X 0 0 0 PAULA MCCANCE EX OFFICIO TRUSTEE (THRU 5/31/23) 1.00 0.00 X 0 0 0 RALPHIE GIRON EX OFFICIO TRUSTEE (THRU 5/31/23) 1.00 0.00 X 0 0 0 REVEREND DAYNA KINKADE EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 REVEREND LATAUNYA BYNUM EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 RICHIE SANCHEZ EX OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 SHARI NAZAROFF EX OFFICIO TRUSTEE (AS OF 6/1/22) 1.00 0.00 X 0 0 0 HAROLD HEWITT JR EXEC VP & COO 40.00 0.00 X 940407 0 121653 MATTHEW PARLOW EXEC VP AND CHIEF ADVANCEMENT 40.00 0.00 X 688722 0 139298 NORMA BOUCHARD EXEC VP PROVOST AND CAO 40.00 0.00 X 682069 0 157631 BRIAN POWELL VP HR (THRU 5/31/23) 40.00 0.00 X 452382 0 37977 BRIAN THOMASON VP FINANCE/CONTROLLER 40.00 0.00 X 384411 0 45576 COLLETTE CREPPELL VP CAMPUS PLANNING & DESIGN 40.00 0.00 X 347504 0 35016 HELEN NORRIS VICE PRESIDENT & CIO 40.00 0.00 X 543103 0 66487 JANNA BERSI VP, INVESTMENTS & ADMIN 40.00 0.00 X 565820 0 51000 JERRY PRICE VP STDNT AFFAIRS/DEAN OF STDNT 40.00 0.00 X 332572 0 99268 MICHAEL PELLY VP OFFICE OF ENROLLMENT MGMT 40.00 0.00 X 366555 0 41867 ANDREW JORDAN FACULTY 40.00 0.00 X 681188 0 58045 GLENN PFEIFFER FACULTY 40.00 0.00 X 462533 0 61131 JANEEN HILL ACTING VP OF RESEARCH 40.00 0.00 X 522014 0 48341 VERNON SMITH FACULTY - NOBEL LAUREATE 40.00 0.00 X 589442 0 61637 YAKIR AHARONOV FACULTY 40.00 0.00 X 474996 0 31200 9221208 0 1609164 605 0 1 0 BRIAN DEIONGH 432 E EVERETT PL ORANGE CA 92867 CONSTRUCTION 1635554 CARNEGIE DARTLET LLC 210 LITTLETON RD STE 100 WESTFORD MA 01886 PROFESSIONAL SRVCS 1436341 RICHARD L DORSEY PO BOX 1204 LAKE FOREST CA 92609 LANDSCAPING 416322 EHRLICH YANAI RHEE CHANEY ARCHITECTS LLP 10865 WASHINGTON BLVD CULVER CITY CA 90232 ARCHITECTURE 392741 OPPENHEIMER INVESTIGATIONS GROUP LLP 1442A WALNUT ST 234 BERKELEY CA 94709 LEGAL 307506 25 1897423 13648417 41149620 2416546 56695460 TUITION AND FEES 611710 555595207 555595207 OTHER FEES AND SERVICE 611710 66474035 66474035 622069242 12642109 -940302 13582411 4845093 4444933 400160 400160 400160 402810316 55000 406686330 50397 -3876014 4603 -3871411 1375114 -5246525 376038 1897423 1031850 -655812 -655812 PERFORMANCE GRANTS 900099 6463002 6463002 EXTERNAL SCHOLARSHIPS 900099 3504029 3504029 PARKING FEES & METERS 900099 42515 42515 298225 288240 9985 10307771 697587519 622069242 723052 18099765 2142476 2142476 197999416 197999416 7036173 2125877 3790618 1119678 198487030 168820110 22154413 7512507 11742147 9987104 1310616 444427 32506542 27647942 3628264 1230336 13741792 11687871 1533810 520111 3010352 2560409 336005 113938 477638 406248 53312 18078 2448210 2082288 273260 92662 16924640 14394994 1889068 640578 3736099 3177682 417010 141407 10473892 8908409 1169058 396425 10372877 8822492 1157783 392602 34062544 28971376 3801940 1289228 6084758 5175298 679159 230301 4375322 3721363 488358 165601 16465927 14004842 1837868 623217 44245439 37632282 4938518 1674639 5828008 4956923 650502 220583 STUDY ABROAD EXPENSES 7021475 5972008 783712 265755 FOOD SERVICES EXPENSES 6873136 5845841 767155 260140 BOOKS AND PERIODICALS 3164033 2691120 353158 119755 LEGAL SETTLEMENTS 1605083 1365178 179154 60751 9286693 7898655 1036547 351491 650111702 578998204 53229288 17884210 493236 53906 165318301 218879806 48197535 53088903 8164828 10352040 149030275 102847284 656656 702331 6442458 9250286 1569560642 436874960 963339028 1132685682 318408178 161957281 463778566 511431000 8996395 5959453 2132825456 2207207972 57852430 54665387 22435667 24235680 306516698 294449550 175000000 175000000 718648 36062508 10268533 10617070 572791976 595030195 X 1190213480 1226193099 369820000 385984678 1560033480 1612177777 2132825456 2207207972 X 47475817 4354792 313688 X 0 1 X 1 1 1 X 44483536 59001987 78277371 44045778 56695460 282504132 44483536 59001987 78277371 44045778 56695460 282504132 37960306 244543826 13710944 13066202 6907193 10274321 17487202 61445862 7124307 7819146 8541144 10026512 10683809 44194918 388144912 2759765728 0.63000 0.64370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2018 AMOUNT: $ 327,301. 2019 AMOUNT: $ 420,157. 2021 AMOUNT: $ 276,468. 2022 AMOUNT: $ 376,038. MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 6,797,006. 2019 AMOUNT: $ 7,398,989. 2020 AMOUNT: $ 8,541,144. 2021 AMOUNT: $ 9,750,044. 2022 AMOUNT: $ 10,307,771. SCHEDULE A, PART II CHAPMAN UNIVERSITY IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). HOWEVER, IT IS COMPLETING PART II TO DEMONSTRATE THAT IT QUALIFIES FOR THE SPECIAL RULES PROVISION ON SCHEDULE B AND MEETS THE 33 1/3% SUPPORT TEST OF THE REGULATIONS UNDER SECTIONS 509(A)(1) ON 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1149424 13910078 X X X 0 0 608096890 65894250 9886790 7671793 4561402 3216731 668428004 564411092 44024000 13475143 6611316 4195684 3006345 608096890 412063654 19581209 141504920 1049987 6151914 1536790 564411092 406305868 5774445 6683757 1798789 3515916 1385711 412063654 394071089 11812279 12437531 5983538 4704915 1326578 406305868 0.55344 0.44656 0 0 294940048 294940048 978413323 254142434 724270889 912925 807172 105753 224596868 181925354 42671514 70697478 70697478 1132685682 MEZZANINE DEBT FUNDS 157447 F REAL ASSET FUNDS 8363170 F FIXED INCOME 16703764 F EMERGING MARKET EQUITIES 45803571 F VENTURE CAPITAL 66871526 F GLOBAL EQUITIES 81549139 F PRIVATE EQUITY 119938179 F HEDGE FUNDS 172044204 F 511431000 OTHER LIABILITIES 9307329 ANNUITIES PAYABLE 1127779 RETIREE BENEFIT LIABILITY 75612 FUNDS IN CUSTODY 106350 10617070 501027429 4354792 5476783 9831575 491195854 206391665 206391665 697587519 448883132 5476783 5476783 443406349 206705353 206705353 650111702 PART III, LINE 4: SPECIAL COLLECTIONS CONTAIN MATERIALS OF ENDURING VALUE FOR THEIR INTELLECTUAL CONTENT AS WELL AS FOR THEIR HISTORICAL IMPORTANCE. SPECIAL COLLECTIONS IN THE LEATHERBY LIBRARIES SERVE AS THE REPOSITORY FOR COLLECTIONS OF PAPERS, MANUSCRIPTS, RARE BOOKS, ART WORK, PERIODICALS, PHOTOGRAPHS, MEDIA, EPHEMERA AND REALIA. PART V, LINE 4: ENDOWED GIFTS ARE MEANT TO EXIST IN PERPETUITY. EACH YEAR, A PORTION OF THE FUND'S EARNINGS IS MADE AVAILABLE TO SUPPORT STUDENT SCHOLARSHIPS, FACULTY CHAIRS, AND OTHER ENDOWED PROGRAMS THAT FURTHER THE UNIVERSITY'S STRATEGIC PRIORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET ON 990 4,444,933. FUNDRAISING EXPENSES REPORTED NET ON 990 1,031,850. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTERESTS -313,688. SCHOLARSHIP PAYMENTS REPORTED GROSS ON 990 198,464,863. LOSS ON ASSET DISPOSAL 8,240,490. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED NET ON 990 4,444,933. FUNDRAISING EXPENSES REPORTED NET ON 990 1,031,850. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP PAYMENTS REPORTED GROSS ON 990 198,464,863. LOSS ON ASSET DISPOSAL 8,240,490. 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE CHAPMAN UNIVERSITY NON-DISCRIMINATION POLICY (BELOW) ON THE WEBSITE, IN ADDITION TO THE PUBLICATION IS PROMINENT IN BOTH THE UNDERGRADUATE (P.18) AND GRADUATE (P.19) CATALOGS AND IS EXHIBITED ON ITS WEBSITE AT HTTP://WWW.CHAPMAN.EDU. NON-DISCRIMINATION POLICY: THE UNIVERSITY PROHIBITS HARASSMENT AND DISCRIMINATION AGAINST ITS EMPLOYEES AND STUDENTS ON THE BASIS OF RACE (INCLUDING HAIR TEXTURE AND PROTECTIVE HAIR STYLES), ETHNICITY, COLOR, RELIGION (INCLUDING RELIGIOUS DRESS AND GROOMING PRACTICES), CREED, ANCESTRY, NATIONAL ORIGIN, AGE, MEDICAL CONDITION, PHYSICAL OR MENTAL DISABILITY, SEX, SEXUAL ORIENTATION, GENDER (INCLUDING SEXUAL HARASSMENT, GENDER IDENTIFICATION, GENDER EXPRESSION, TRANSGENDER OR LGBTQIA+ STATUS), GENETIC INFORMATION, MARITAL STATUS (INCLUDING REGISTERED DOMESTIC PARTNER STATUS), MILITARY AND VETERAN STATUS, LAWFUL CHANGE OF NAME, SOCIAL SECURITY NUMBER OR FEDERAL EMPLOYMENT AUTHORIZATION DOCUMENT, RECEIPT OF MEDI-CAL COVERAGE, CALIFORNIA DRIVER'S LICENSE SCHEDULE E, PART I, LINE 4 CHAPMAN UNIVERSITY MAINTAINS COPIES OF ALL MAJOR MATERIALS USED BY THE ORGANIZATION TO SOLICIT CONTRIBUTIONS. SCHEDULE E, PART I, LINE 6 CHAPMAN UNIVERSITY IS AWARDED GRANTS FROM GOVERNMENT AGENCIES, SUCH AS THE DEPARTMENT OF EDUCATION AND THE CALIFORNIA STUDENT AID COMMISSION, TO PROVIDE FINANCIAL AID TO STUDENTS. SCHEDULE E, PART I, LINE 3 CONT'D WITH A "FEDERAL LIMITS APPLY NOTATION, OR ANY OTHER CHARACTERISTIC PROTECTED BY LOCAL, STATE OR FEDERAL LAW. DISCRIMINATION OR HARASSMENT ON THE BASIS OF SEX INCLUDES HARASSMENT OR DISCRIMINATION ON THE BASIS OF PREGNANCY, CHILDBIRTH, OR RELATED MEDICAL CONDITIONS, BREASTFEEDING, AND CONDITIONS RELATED TO BREASTFEEDING. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 6 PROGRAM SERVICES INSTRUCTION BY FACULTY 151177 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 149935111 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 6890781 NORTH AMERICA 0 0 INVESTMENTS 2931751 0 6 0 0 0 6 159908820 0 159908820 1 0 0 1 1 1 PART I, LINE 3: THE EXPENDITURES REPORTED IN COLUMN (F) ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. INVESTMENTS ARE REPORTED AT THE FAIR MARKET VALUE ON THE LAST DAY OF THE REPORTING YEAR. PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART IV, LINE 6 OPERATIONS RELATED TO ANY BOYCOTTING COUNTRIES THE UNIVERSITY FILES FORM 5713 TO REPORT EDUCATIONAL SERVICES PROVIDED WITHIN THE U.S. TO FOREIGN NATIONALS FROM COUNTRIES THAT ARE CONTAINED ON THE U.S. TREASURY BOYCOTT LISTING UNDER SECTION 999(A)(3). CHAPMAN CELEBRATES 1583036 1404526 178510 306232 182923 175957 164125 CHRISTMAS AT RITZ 348130 258827 89303 10984 51541 1945 24416 1 342295 234070 108225 22868 46809 44050 2273461 1897423 376038 340084 281273 177902 232591 1031850 -655812 1 UNIVERSITY OF KENTUCKY 101 MAIN BUILDING LEXINGTON KY 40506 616001218 STATE OF KY 20703 0 N/A N/A BASIC RESEARCH UNIVERSITY OF SOUTHERN CALIFORNIA UNIVERSITY PARK CAMPUS LOS ANGELES CA 90089 951642394 501 (C)(3) 414812 0 N/A N/A BASIC RESEARCH UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER 5323 HARRY HINES BLVD DALLAS TX 75390 756002868 STATE OF TX 210034 0 N/A N/A BASIC RESEARCH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA IRVINE FACILITY FOR IMAGING AND BRAIN RESEARCH SOCIAL IRVINE CA 92697 952226406 STATE OF CA 7356 0 N/A N/A BASIC RESEARCH UNIVERSITY OF WYOMING 1000 E UNIVERSITY AVENUE LARAMIE WY 82071 836000331 STATE OF WY 47293 0 N/A N/A BASIC RESEARCH UNIVERSITY OF NEVADA RENO 1664 NORTH VIRGINIA STREET RENO NV 89557 886000024 501 (C)(3) 74838 0 N/A N/A BASIC RESEARCH WASHINGTON UNIVERSITY ROSEDALE AVENUE CB 1034 ST LOUIS MO 63112 430653611 501 (C)(3) 33962 0 N/A N/A APPLIED RESEARCH HIGH POINT UNIVERSITY ONE UNIVERSITY PARKWAY HIGH POINT NC 27268 560529999 501 (C)(3) 14617 0 N/A N/A BASIC RESEARCH UNIVERSITY OF CALIFORNIA IRVINE PHARMACEUTICAL SCIENCES 356A MED SURGE II IRVINE CA 92697 952226406 STATE OF CA 265905 0 N/A N/A BASIC RESEARCH WASHINGTON STATE UNIVERSITY 240 FRENCH ADMINISTRATION BUILDING PO BOX 641025 PULLMAN WA 99164 916001108 501 (C)(3) 49553 0 N/A N/A BASIC RESEARCH BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS 1901 SOUTH FIRST STREET SUITE A CHAMPAIGN IL 61820 376000511 501 (C)(3) 389364 0 N/A N/A BASIC RESEARCH SAINT LUKE'S HOSPITAL OF KANSAS CITY 4401 WORMALI ROAD KANSAS CITY MO 641113220 440545297 501 (C)(3) 18195 0 N/A N/A BASIC RESEARCH UNIVERSITY OF NORTH TEXAS 1155 UNION CIRCLE 305250 DENTON TX 76203 756002149 STATE OF TX 14638 0 N/A N/A BASIC RESEARCH UNIVERSITY OF CONNECTICUT 438 WHITNEY ROAD EXT UNIT 1133 STORRS CT 06269 060772160 STATE OF CT 27533 0 N/A N/A BASIC RESEARCH MEMORIAL HEALTH SERVICES 17360 BROOKHURST STREET FOUNTAIN VALLEY CA 92708 951643381 501 (C)(3) 143705 0 N/A N/A BASIC RESEARCH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA SANTA 3227 CHEADLE HALL SANTA BARBARA CA 93106 956006145 STATE OF CA 129836 0 N/A N/A BASIC RESEARCH AZ BOARD OF REGENTS ON BEHALF OF ARIZONA STATE UN PO BOX 876011 TEMPE AZ 85287 860196696 STATE OF AZ 263480 0 N/A N/A BASIC RESEARCH KECK SCHOOL OF MEDICINE AT UNIVERSITY OF SOUTHERN 1975 ZONAL AVENUE LOS ANGELES CA 90033 951642394 501 (C)(3) 9364 0 N/A N/A BASIC RESEARCH 18 0 CHAPMAN UNIVERSITY UNDERGRADUATE SCHOLARSHIPS 6681 176566452 0 CHAPMAN UNIVERSITY GRADUATE SCHOLARSHIPS 1237 21432964 0 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE REPRESENT STUDENT FINANCIAL AID. WHEN AWARDING AID, CHAPMAN UNIVERSITY FOLLOWS ALL LAWS AND REGULATIONS OF FEDERAL AND STATE OF CALIFORNIA AID PROGRAMS. FOR MORE INFORMATION, VISIT OUR WEBSITE AT WWW.CHAPMAN.EDU. AS PART OF ITS ONGOING COMPLIANCE WORK AND IN ACCORDANCE WITH FEDERAL GRANT GUIDELINES, THE UNIVERSITY MONITORS ITS GRANTS TO ORGANIZATIONS TO ENSURE COMPLIANCE AND USE CONSISTENT WITH THE AWARD ON A REGULAR BASIS. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DANIELE STRUPPA PRESIDENT/EX-OFFICIO TRUSTEE 760000 0 400000 0 27490 0 234125 0 318912 0 1740527 0 0 0 HAROLD HEWITT JR EXEC VP & COO 610181 0 300000 0 30226 0 95813 0 25840 0 1062060 0 0 0 NORMA BOUCHARD EXEC VP PROVOST AND CAO 490611 0 150000 0 41458 0 135700 0 21931 0 839700 0 0 0 MATTHEW PARLOW EXEC VP AND CHIEF ADVANCEMENT 457199 0 200000 0 31523 0 109917 0 29381 0 828020 0 0 0 ANDREW JORDAN FACULTY 386407 0 0 0 294781 0 21703 0 36342 0 739233 0 0 0 VERNON SMITH FACULTY - NOBEL LAUREATE 519812 0 0 0 69630 0 36464 0 25173 0 651079 0 0 0 JANNA BERSI VP, INVESTMENTS & ADMIN 463080 0 100000 0 2740 0 36332 0 14668 0 616820 0 0 0 HELEN NORRIS VICE PRESIDENT & CIO 354920 0 25000 0 163183 0 64850 0 1637 0 609590 0 153755 0 JANEEN HILL ACTING VP OF RESEARCH 375725 0 0 0 146289 0 35350 0 12991 0 570355 0 0 0 GLENN PFEIFFER FACULTY 450694 0 0 0 11839 0 38600 0 22531 0 523664 0 0 0 YAKIR AHARONOV FACULTY 435844 0 0 0 39152 0 0 0 31200 0 506196 0 0 0 BRIAN POWELL VP HR (THRU 5/31/23) 350650 0 100000 0 1732 0 34850 0 3127 0 490359 0 0 0 JERRY PRICE VP STDNT AFFAIRS/DEAN OF STDNT 273981 0 50000 0 8591 0 30985 0 68283 0 431840 0 0 0 BRIAN THOMASON VP FINANCE/CONTROLLER 301002 0 75000 0 8409 0 31425 0 14151 0 429987 0 0 0 MICHAEL PELLY VP OFFICE OF ENROLLMENT MGMT 292830 0 60000 0 13725 0 33350 0 8517 0 408422 0 0 0 COLLETTE CREPPELL VP CAMPUS PLANNING & DESIGN 292763 0 50000 0 4741 0 33524 0 1492 0 382520 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS SCHEDULE J, PART I, LINE 1A THE UNIVERSITY PROVIDED COMPANION TRAVEL BENEFITS TO TWO LISTED PERSONS. COMPANION TRAVEL WAS TREATED AS A NON-TAXABLE BENEFIT FOR THE LISTED PERSON'S SPOUSE, AS THE SPOUSE WHO WAS ALSO AN EMPLOYEE OF THE UNIVERSITY HAD A BONA FIDE BUSINESS PURPOSE. THE BENEFIT VALUE PROVIDED TO THE SPOUSE IS REPORTED ON SCHEDULE L, PART IV. FIRST-CLASS OR CHARTER TRAVEL SCHEDULE J, PART I, LINE 1A ALL CHAPMAN UNIVERSITY OFFICERS ARE ENTITLED TO TRAVEL BUSINESS CLASS ON FLIGHTS OVER 4 HOURS. IN THE EVENT THAT BUSINESS CLASS IS NOT AVAILABLE, OFFICERS ARE ENTITLED TO TRAVEL FIRST CLASS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A THE CHAPMAN UNIVERSITY PRESIDENT (AND FAMILY) ARE REQUIRED TO LIVE IN A UNIVERSITY HOUSE, OWNED BY THE UNIVERSITY. THIS SPECIFIC HOUSE WAS DONATED TO CHAPMAN UNIVERSITY SPECIFICALLY FOR THE PURPOSE OF BEING THE "PRESIDENT'S RESIDENCE". THE MONTHLY RENTAL VALUE OF THE BENEFIT, $25,054 IS TREATED AS A NONTAXABLE BENEFIT TO THE PRESIDENT AND REPORTED ON THE FORM 990, SCHEDULE J. AS PART OF THE RENTAL AGREEMENT, IT IS STANDARD PRACTICE TO INCLUDE UTILITIES, REGULAR MAINTENANCE (INSIDE AND OUTSIDE THE HOUSE), AND PROFESSIONAL CLEANING SERVICES OF ALL AREAS OF THE RESIDENCE OF THE HOME. THE BUSINESS REASON FOR SUCH A DETAILED MAINTENANCE (INSIDE AND OUTSIDE) OF THE PROPERTY IS DUE TO THE PRESIDENT HOSTING MULTIPLE EVENTS EACH MONTH AT THIS FACILITY; ATTENDEES ARE PROVIDED A GUIDED TOUR OF ALL ROOMS INCLUDING ROOMS OCCUPIED BY THE PRESIDENT'S FAMILY AND EXTERIOR GROUNDS. IN ADDITION, THESE SERVICES ENSURE THE ONGOING MAINTENANCE OF THE PROPERTY, AS DESIRED BY THE PROPERTY OWNER (CHAPMAN UNIVERSITY). BECAUSE THESE SERVICES ARE PROVIDED PRIMARILY FOR BUSINESS REASONS, WE DO NOT CHECK THE BOX FOR "PERSONAL SERVICES". A HOUSING ALLOWANCE OF $15,000 PER MONTH WAS PROVIDED TO ANDREW JORDAN. IN ADDITION, HE WAS PROVIDED WITH $48,911 RELATED TO HOUSING. THESE TAXABLE BENEFITS ARE REPORTED IN PART II, COLUMN B (III). A HOUSING ALLOWANCE OF $2,500 PER MONTH WAS PROVIDED TO YAKIR AHARONOV. THIS TAXABLE BENEFIT IS REPORTED IN PART II, COLUMN B (III). UNIVERSITY HOUSING WAS PROVIDED TO JERRY PRICE VALUED AT $3,750 PER MONTH. THIS HOUSING IS PROVIDED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THIS NON-TAXABLE BENEFIT IS REPORTED IN PART II, COLUMN (D). HEALTH OR SOCIAL CLUB DUES OR INTITIATION FEES SCHEDULE J, PART I, LINE 1A CERTAIN EMPLOYEES HAVE ACCESS TO SOCIAL CLUB MEMBERSHIPS FOR THE BUSINESS PURPOSE OF CULTIVATING DONOR/TRUSTEE RELATIONSHIPS. FOR THIS FISCAL YEAR, SOCIAL CLUB DUES WERE PAID FOR: DANIELLE STRUPPA - $16,645 THESE WERE DETERMINED TO BE NON-TAXABLE BENEFITS SINCE THEY HAD A BONA FIDE BUSINESS PURPOSE. THE VALUE OF THESE BENEFITS IS INCLUDED IN COLUMN (D) FOR THE INDIVIDUAL. PART I, LINE 4B DANIELE STRUPPA HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 1, 2022, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND HE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2025 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. ANNUAL AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). HAROLD HEWITT, JR. HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 21, 2020, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND HE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2023 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. ANNUAL AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). HELEN NORRIS PARTICIPATED IN A SECTION 457(F) COMPENSATION PLAN THAT TERMINATED AS OF AUGUST 31, 2022. FULL PAYMENT WAS MADE TO THE PARTICIPANT AND IS REPORTED IN PART II, COLUMN B (III). HELEN NORRIS HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 1, 2022, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND SHE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2025 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). MATTHEW PARLOW HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 1, 2022, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND HE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2025 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). NORMA BOUCHARD HAS A RETENTION BONUS AGREEMENT, DATED SEPTEMBER 1, 2022, WHICH IS INTENDED TO BE AN UNFUNDED INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. SPECIFIC PERFORMANCE TARGETS, AT SPECIFIED DATE, EACH MUST BE MET; AND SHE MUST BE ACTIVELY EMPLOYED THROUGH AUGUST 31, 2027 OR SEPARATED FROM SERVICE BY REASON OF TOTAL DISABILITY OR DEATH, IN ORDER TO RECEIVE THE BENEFITS. AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C). A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179TL8 2021-04-01 64997271 REFUNDING 2011 BONDS 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179KL7 2017-11-16 40323903 FINANCE VILLA PARK ORCHARDS 0 0 0 C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301787X8 2015-07-21 127489124 REFINANCE TAXABLE LOAN 0 0 0 A 8635000 64997272 599374 64397898 2020 1 0 0 1 B 41002238 313278 40688960 2019 0 0 1 1 C 15070000 128618325 5 890750 102058892 25668678 2020 1 0 1 1 A 0 1 1 1 1 1 0.02500 0.02500 0 0 1 B 0 1 1 1 0 0 0 1 C 0 1 1 1 1 1 0.01300 0.01300 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 1 1 0 0 0 1 1 A 1 B 1 C 1 SCHEDULE K, PART I(F), ROW A BONDS WERE ISSUED TO REFUND THE 2011 BONDS ISSUED ON OCTOBER 3, 2011 AND PAY COSTS OF ISSUANCE. SCHEDULE K, PART I(F), ROW B BONDS WERE ISSUED TO FINANCE THE CONSTRUCTION OF VILLA PARK ORCHARDS AND PAY COSTS OF ISSUANCE. SCHEDULE K, PART I (F), ROW C BONDS WERE ISSUED TO REFINANCE A TAXABLE LOAN ISSUED JULY 7, 2014 AND FINANCE RENOVATION AND CONSTRUCTION OF VARIOUS CAMPUS BUILDINGS. SCHEDULE K, PART II, LINE 3, COLUMNS A, B & C THE DIFFERENCE BETWEEN PART I(E) AND PART II, LINE 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS. SCHEDULE K, PART III, LINE 7, COLUMNS A, B & C AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS BECAUSE THE AMOUNT OF PRIVATE BUSINESS AND/OR UNRELATED OR BUSINESS USE MEASURED OVER THE LIFE OF THE BIND IS NOT EXPECTED TO BE IN EXCESS OF THE AMOUNT PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART IV, LINE 2(B), COLUMN A THE BONDS MET THE 6-MONTH SPENDING EXCEPTION TO REBATE. SCHEDULE K, PART IV, LINE 2(B), COLUMN C THE PORTION OF BONDS THAT FINANCED THE CURRENT REFUNDING OF THE TAXABLE LOAN MET THE 6-MONTH SPENDING EXCEPTION TO REBATE. SCHEDULE K, PART IV, LINE 2(C), COLUMN B THE MOST RECENT REBATE REPORT, DATED FEBRUARY 4, 2021, WAS PERFORMED AS THE 3RD ANNIVERSARY OF THE BONDS, SHOWING A NEGATIVE REBATE LIABILITY AND ALL PROCEEDS EXPENDED. THUS, NO REBATE CAN BECOME DUE NOR WILL EVER BECOME DUE ON THE BONDS. SCHEDULE K, PART IV, LINE 2(C), COLUMN C THE MOST RECENT REBATE REPORT, DATED AUGUST 19, 2019, WAS PERFORMED AS THE 4TH ANNIVERSARY OF THE BONDS, SHOWING A NEGATIVE REBATE LIABILITY AND ALL PROCEEDS EXPENDED. THUS, NO REBATE CAN BECOME DUE NOR WILL EVER BECOME DUE ON THE BONDS. MARY ELIZABETH SPARKS SPOUSE OF PRESIDENT 380763 SALARY AND BENEFITS 0 RONALD EDWARD CURTIS SPOUSE OF KEY EMPLOYEE 115977 SALARY AND BENEFITS 0 JANINE KIM SPOUSE OF OFFICER 193638 SALARY AND BENEFITS 0 FORM 990, SCHEDULE L, PART IV OFFICERS OF THE UNIVERSITY THAT MAY HAVE A CONFLICT OF INTEREST REGARDING THE COMPENSATION PACKAGES FOR FAMILY MEMBERS DO NOT PARTICIPATE IN THE DETERMINATION OF THE COMPENSATION PAID TO THOSE FAMILY MEMBERS. X 7 1149424 APPRAISAL X 14 1266027 AVG VAL DONATED DATE X COSTUMES 1 1095 RETAIL VALUE 2 0 1 1 PART I, LINE 32B: THE UNIVERSITY UTILIZES THIRD PARTIES AS NECESSARY TO ASSIST WITH THE SALE OF NONCASH CONTRIBUTIONS. FORM 990, SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. EACH CONTRIBUTION MAY INCLUDE MORE THAN ONE DONATED ITEM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED WITH AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE AUDIT COMMITTEE. SUBSEQUENT TO ITS REVIEW, THE AUDIT COMMITTEE REPORTS BACK TO THE BOARD OF TRUSTEES REGARDING ITS OVERSIGHT OF THE FORM 990 AND THE FINAL FORM IS PROVIDED TO THE ENTIRE VOTING BOARD BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY COMPLIANCE OFFICER IS CHARGED WITH MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND ADDRESSING ANY POTENTIAL OR ACTUAL CONFLICTS. PURSUANT TO THE CONFLICTS OF INTEREST POLICY, AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE, AIMED AT DETERMINING ANY FAMILY AND BUSINESS RELATIONSHIPS AND TRANSACTIONS OR OTHER TRANSACTIONS THAT MAY POSE A POTENTIAL CONFLICT, IS DISTRIBUTED TO ALL COVERED PERSONS (I.E., BOARD MEMBERS, OFFICERS AND EXECUTIVE LEADERSHIP OR KEY EMPLOYEES). COVERED PERSONS ARE REQUIRED TO DISCLOSE REAL OR POTENTIAL CONFLICTS AT THE TIME WHEN SUCH CONFLICTS ARISE. WHEN SOMEONE BECOMES A COVERED PERSON AND ANNUALLY THEREAFTER, EACH COVERED PERSON IS REQUIRED TO SIGN A STATEMENT AFFIRMING THAT HE/SHE: (1) HAS RECEIVED A COPY OF THE CONFLICTS OR INTEREST POLICY; (2) HAS READ THE POLICY AND UNDERSTANDS THE POLICY; AND (3) AGREES TO COMPLY WITH ALL REQUIREMENTS OF THE POLICY, INCLUDING COMPLETING THE CONFLICTS OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE UNIVERSITY COMPLIANCE OFFICER AND THE RESULTS ARE REPORTED TO THE FULL BOARD OF TRUSTEES AS DEFINED BY THE UNIVERSITY'S BYLAWS. FURTHERMORE, THE TRUSTEE OR KEY EMPLOYEE SHALL ABSENT HIMSELF OR HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ITS COMMITTEES. THE MINUTES OF SUCH MEETINGS SHALL REFLECT THAT DISCLOSURE WAS MADE AND THAT THE TRUSTEE OR KEY EMPLOYEE WHO HAS A CONFLICT OR POSSIBLE CONFLICT ABSTAINED FROM DISCUSSING OR VOTING ON THE MATTER. ANY TRUSTEE OR KEY EMPLOYEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THAT THE BOARD OR COMMITTEE RESOLVE THE QUESTION IN HIS OR HER ABSENCE BY MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPOINTS AN EXECUTIVE COMPENSATION COMMITTEE, COMPRISED SOLELY OF INDEPENDENT DIRECTORS, NONE OF WHICH HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, TO BE ACCOUNTABLE FOR SETTING REASONABLE COMPENSATION PACKAGES. THE RESULTS FROM THE COMMITTEE MEETING ARE THEN REPORTED TO THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. THE COMMITTEE HIRES QUALIFIED INDEPENDENT COMPENSATION AND BENEFITS SPECIALISTS (INDEPENDENT EXPERTS) TO REVIEW, ANALYZE AND PROVIDE BENCHMARKING DATA FOR THE TOTAL COMPENSATION AND BENEFITS PACKAGES ON AN ANNUAL BASIS. IN 2018 THE COMMITTEE ENGAGED AN INDEPENDENT CONSULTING FIRM TO PREPARE AN EXECUTIVE COMPENSATION STUDY THAT WAS PRESENTED TO THE COMMITTEE ON AUGUST 31, 2018 WHICH WAS APPROVED BY COMMITTEE AND FORWARDED TO THE FULL BOARD OF TRUSTEES FOR APPROVAL. KEY DELIBERATIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED IN MINUTES WHICH ARE APPROVED AT THE NEXT COMMITTEE MEETING. DOCUMENTATION INCLUDES THE TERMS OF THE DELIBERATIONS AND THOSE WHO VOTED ON IT, AND A DESCRIPTION OF THE COMPARABILITY DATA RELIED UPON AND HOW IT WAS OBTAINED. THE PROCESS FOR DETERMINING COMPENSATION PACKAGES FOR OTHER OFFICERS AND KEY EMPLOYEES IS THE SAME AS THE PROCESS FOR THE UNIVERSITY PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE UNIVERSITY MAKES IT FINANCIAL STATEMENTS AVAILABLE ON THE UNIVERSITY'S WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: ANNUITY ADJUSTMENT 313,688. CHAPMAN UNIVERSITY CHARITABLE GIVING LLC ONE UNIVERSITY DRIVE ORANGE CA 92866 330918653 FUNDRAISING CA 8832 75735 CHAPMAN UNIV CHAPMAN BOND GUARANTOR LLC ONE UNIVERSITY DRIVE ORANGE CA 92866 851381204 LENDING CA 0 32000000 CHAPMAN UNIV 16355 LAGUNA CANYON ROAD LLC ONE UNIVERSITY DRIVE ORANGE CA 92866 872329464 REAL ESTATE CA 41906810 0 CHAPMAN UNIV CHAPMAN UNIVERSITY FOUNDATION ONE UNIVERSITY DRIVE ORANGE CA 92866 300563618 SUPPORTING CA 501(C)(3) 11A CHAPMAN UNIV 1 CHAPMAN UNIVERSITY ENTERPRISE INC ONE UNIVERSITY DRIVE ORANGE CA 92866 371668103 FILM PRODUCTION DE CHAPMAN UNIV C 154286 1.00000 1 POOLED INCOME FUND (1) TRUST CA CHAPMAN UNIV T 0 CHARITABLE GIFT ANNUITIES (18) TRUST CA CHAPMAN UNIV T 0 CHARITABLE REMAINDER UNITRUST (13) TRUST CA CHAPMAN UNIV T 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 CHAPMAN BOND GUARANTOR LLC E 32000000 LOAN BALANCE