Point Loma Nazarene University Foundation in San Diego, California (CA)

Point Loma Nazarene University Foundation
Employer Identification Number (EIN)	953948691
Name of Organization	Point Loma Nazarene University Foundation
Address	3900 Lomaland Dr, San Diego, CA 92106-2810
Activities	Church, synagogue, etc
Subsection	Religious Organization
Ruling Date	07/1963
Deductibility	Contributions are deductible
Foundation	Church
Organization	Association
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2013
Assets	$10,000,000 to $49,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$49,215,257
Amount of Income	$4,037,104
Form 990 Revenue Amount	$4,027,413
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Single Organization Support

Non-representatives - add comments:

Amount of income in 2013: $4,037,104

Point Loma Nazarene University Foundation:	$4,037,104
Other organizations performing similar types of work:	$7,370,772

Assets in 2013: $49,215,257

Point Loma Nazarene University Foundation:	$49,215,257
Other organizations performing similar types of work:	$26,018,213

Expenses in 2013: $1,798,896

Point Loma Nazarene University Foundation:	$1,798,896
Other organizations performing similar types of work:	$2,570,274

Income to expenses ratio in 2013: 2.2

Point Loma Nazarene University Foundation:	2.2
Other organizations performing similar types of work:	2.5

Expenses allocated to program services in 2007: 100.0%

This organization:	100.0%
Other organizations performing similar types of work:	84.4%

Grants share in income in 2013: 55.0%

This organization:	55.0%
Other organizations performing similar types of work:	27.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	Yes	Yes
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	Yes	Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	Yes	Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		0	0
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		No	No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		0	0
Did the organization file all required federal employment tax returns?		No	No
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$0	$0
Total reportable compensation from related organizations	$424,869	$549,782
Total estimated amount of other compensation from the organization and related organizations	$64,178	$159,169
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2011	2012	2013
Statement of Revenue
Total revenue	$3,160,725	$2,478,528	$4,027,413
Contributions, Gifts, Grants and Other Similar Amounts	$1,041,321	$1,180,184	$2,215,359
Program Service Revenue	$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$498,417	$563,565	$386,244
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$10,440	$117,158	$106,645
Gross rents (Real / Personal)	$18,360 / $0	$125,453 / $0	$116,336 / $0
Less: rental expenses (Real / Personal)	$7,920 / $0	$8,295 / $0	$9,691 / $0
Rental income or (loss) (Real / Personal)	$10,440 / $0	$117,158 / $0	$106,645 / $0
Net gain/loss from sales of assets other than inventory	$1,250,929	$617,621	$1,319,165
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $1,250,929	$617,621 / $0	$1,319,165 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $0	$0 / $0	$0 / $0
Gain or (loss) (Securities / Other)	$0 / $1,250,929	$617,621 / $0	$1,319,165 / $0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$359,618	$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$528,734	$1,453,445	$1,798,896
Grants and other assistance to domestic organizations and domestic governments		$312,587	$0
Grants and other assistance to domestic individuals		$405,807	$427,589
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$0	$0	$0
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$0	$0	$0
Pension plan accruals and contributions		$0	$0
Other employee benefits		$0	$0
Payroll taxes	$0	$0	$0
Fees for services (non-employees)
Management		$0	$0
Legal		$0	$0
Accounting		$0	$0
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$352,864	$393,236
Other		$5,844	$8,131
Advertising and promotion		$0	$0
Office expenses		$1,504	$3,832
Information technology		$0	$0
Royalties		$0	$0
Occupancy		$103,980	$125,830
Travel		$1,000	$338
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$0	$96
Interest		$0	$0
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$0	$0
Insurance		$0	$0
Other expenses		$216,130	$620,922
Other expenses		$53,729	$218,922

	2011	2012	2013
Balance Sheet
Total assets	$44,731,926	$46,003,350	$49,215,257
Cash - non-interest-bearing		$0	$0
Savings and temporary cash investments		$2,779,653	$272,198
Pledges and grants receivable, net		$0	$0
Accounts receivable, net		$96,926	$3,397
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$0	$0
Land, buildings, and equipment: cost or other basis		$9,556,692	$9,430,723
Investments - publicly traded securities		$25,452,405	$30,384,525
Investments - other securities		$2,446,830	$3,300,895
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$5,670,844	$5,823,519
Total liabilities	$10,376,366	$7,015,053	$6,637,895
Accounts payable and accrued expenses		$0	$1,541
Grants payable		$0	$0
Deferred revenue		$1,600	$1,600
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$7,500	$7,500	$7,500
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$7,005,953	$6,627,254
Total net assets or fund balances	$34,355,560	$38,988,297	$42,577,362
Unrestricted net assets		$16,531,015	$18,056,404
Temporarily restricted net assets		$3,775,707	$4,397,031
Permanently restricted net assets		$18,681,575	$20,123,927
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported	1
Sum of amounts of support	$0

	2000	2002	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$4,327,958	$1,516,593	$6,302,888	$2,838,728	$4,812,137	$8,970,595	$4,978,350
Contributions, gifts, grants, and similar amounts received	$2,346,513	$516,474	$1,080,033	$489,423	$701,030	$4,022,926	$1,812,032
Contributions to donor advised funds						$0	$0
Direct public support	$2,346,513	$516,474	$1,080,033	$489,423	$701,030	$705,186	$1,521,547
Indirect public support	$0	$0	$0	$0	$0	$3,317,740	$290,485
Government contributions (grants)	$0	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$0	$0	$0	$0	$0	$0	$0
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$538,335	$61,546	$339,875	$423,370	$420,445	$0	$0
Dividends and interest from securities	$76,687	$539,205	$0	$2,230	$2,382	$488,121	$723,867
Net rental income or (loss)	$312,682	$16,400	$0	$16,770	$17,640	$0	$0
Gross rents	$336,450	$16,400	$0	$16,770	$17,640	$0	$0
Less: rental expenses	$23,768	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$1,020,495	$381,444	$4,882,980	$1,906,935	$1,345,234	$4,409,594	$2,134,443
Gross amount from sales of assets other than inventory	$1,020,495	$381,444	$4,882,980	$1,906,935	$1,345,234	$4,409,594	$2,134,443
Less: cost or other basis and sales expenses	$0	$0	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0	$0
Other revenue	$33,246	$1,524	$0	$0	$2,325,406	$49,954	$308,008
Total expenses	$2,512,622	$1,046,410	$829,092	$3,178,500	$1,073,220	$1,037,279	$1,825,926
Program services	$2,512,622	$1,046,410	$829,092	$3,178,500	$1,073,220	$1,037,279	$1,825,926
Management and general	$0	$0	$0	$0	$0	$0	$0
Fundraising	$0	$0	$0	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$24,155,137	$19,873,440	$26,276,307	$25,936,625	$27,704,658	$39,005,224	$33,451,299
Excess or (deficit) for the year	$1,815,336	$470,183	$5,473,796	$-339,772	$3,738,917	$7,933,316	$3,152,424
Net assets or fund balances at beginning of year	$22,339,801	$19,403,257	$19,873,440	$26,276,307	$25,936,625	$27,704,658	$39,005,224
Other changes in net assets or fund balances	$0	$0	$929,071	$90	$-1,970,884	$3,367,250	$-8,706,349

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$1,825,926	$1,825,926	$0	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$1,364,973
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$1,707	$1,707	$0	$0
Telephone	$0	$0	$0	$0
Postage and shipping	$0	$0	$0	$0
Occupancy	$3,853	$3,853	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$1,745	$1,745	$0	$0
Conferences, conventions, and meetings	$499	$499	$0	$0
Interest	$390	$390	$0	$0
Depreciation, depletion, etc.	$0	$0	$0	$0
Other expenses not covered above	$452,759	$452,759	$0	$0

	2000	2002	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$30,756,588	$26,851,971	$32,079,418	$34,595,701	$37,575,543	$48,852,702	$47,173,376
Cash - non-interest-bearing	$0	$0	$0	$0	$0	$2,344,444	$1,767,515
Savings and temporary cash investments	$133,201	$0	$0	$0	$0	$0	$0
Accounts receivable less allowance for doubtful accounts	$880,750	$40,330	$0	$0	$0	$3,294	$3,294
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)						$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$1,405,644	$235,716	$4,785,432	$4,293,244	$4,406,588	$4,911,117	$5,796,367
Inventories for sale or use	$0	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0	$0	$0	$0	$0
Investments - publicly-traded securities						$35,162,853	$31,317,336
Investments - other securities	$17,755,275	$18,461,152	$26,268,681	$29,292,152	$32,158,650	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$10,398,865	$7,960,789	$1,025,305	$1,010,305	$1,010,305	$5,912,662	$7,752,561
Investments - other	$0	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$182,853	$153,984	$0	$0	$0	$0	$0
Other assets, including program-related investments	$0	$0	$0	$0	$0	$518,332	$536,303
Total liabilities	$6,601,451	$6,978,531	$5,803,111	$8,659,076	$9,870,885	$9,847,478	$13,722,077
Accounts payable and accrued expenses	$14,726	$909,901	$45,678	$3,131,099	$7,860,433	$7,787,465	$37
Grants payable	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$132,500	$0	$0	$0	$1,600	$1,600
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$4,500,000	$4,300,000	$4,200,000	$4,100,000	$0	$0	$0
Mortgages and other notes payable	$21,610	$14,500	$13,500	$13,500	$12,500	$12,500	$12,500
Other liabilities	$2,065,115	$1,621,630	$1,543,933	$1,414,477	$1,997,952	$2,045,913	$13,707,940
Total liabilities and net assets/fund balances	$30,756,588	$26,851,971	$32,079,418	$34,595,701	$37,575,543	$48,852,702	$47,173,376
Total net assets or fund balances	$24,155,137	$19,873,440	$26,276,307	$25,936,625	$27,704,658	$39,005,224	$33,451,299

	2000	2002	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$4,327,958	$1,516,593	$6,302,889	$2,838,818	$4,812,139	$8,970,595	$4,978,350
Total revenue, gains, and other support per audited financial statements	$4,351,726	$1,516,593	$5,994,238	$2,557,233	$2,687,684	$83,846,612	$68,936,387
Other expenses	$23,768	$0	$0	$0	$0	$78,193,757	$64,248,522
Net unrealized gains on investments	$0	$0	$0	$0	$0	$3,367,250	$-8,706,349
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0
Other	$23,768	$0	$0	$0	$0	$74,826,507	$72,954,871
Other revenue	$0	$0	$308,651	$281,585	$2,124,455	$3,317,740	$290,485
Investment expenses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$308,651	$281,585	$2,124,455	$3,317,740	$290,485

	2000	2002	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$2,512,622	$1,046,410	$829,092	$3,178,500	$1,103,220	$1,037,279	$1,825,926
Total expenses and losses per audited financial statements	$2,536,390	$1,046,410	$520,441	$3,681,068	$541,853	$70,395,941	$74,603,572
Other revenue	$23,768	$0	$0	$784,153	$0	$69,905,158	$73,653,910
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0
Other	$23,768	$0	$0	$784,153	$0	$69,905,158	$73,653,910
Other expenses	$0	$0	$308,651	$281,585	$561,367	$546,496	$876,264
Investment expenses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$308,651	$281,585	$561,367	$546,496	$876,264

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	Yes
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$2,858,310	$308,008
Program service revenue
Program service revenue 1	000000	$0	00	$0	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$723,867	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$2,134,443	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$308,008

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Not controlled by disqualified persons/supports non private foundation
Type of supporting organization	Type III

Employer identification number (EIN)	Name of organization	Is the supported organization listed in the supporting organization's governing documents?	Amount of support
Information about the supported organizations
951644035	Point Loma Nazarene University	Yes	$1,364,973
Total			$1,364,973

	1999	2001	2002	2003	2004	2005	2006
Support Schedule
Total	$0	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	The Ucla Foundation	201 Gseis Bldg, Los Angeles, CA 90095	CA	1949-10	$852,716,683
2	University Of California San Francisco Foundation	220 Montgomery St Fl 5, San Francisco, CA 94104-3412	CA	1992-11	$593,112,336
3	University Of California Berkeley Foundation	2080 Addison St, Berkeley, CA 94720-4200	CA	1950-07	$487,062,041
4	University Of California Irvine Foundation	100 Theory, Irvine, CA 92617-3055	CA	1968-09	$128,801,926
5	Cal Poly Pomona Foundation Inc	3801 West Temple Ave Bldg 55, Pomona, CA 91768-2557	CA	1966-07	$112,964,637
6	The U C Davis Foundation	1460 Drew Avenue, Davis, CA 95618-4856	CA	1961-08	$84,926,211
7	Associated Students Ucla, Payroll Manager	308 Westwood Plaza Rm 219 Kh, Los Angeles, CA 90095-8355	CA	1945-10	$78,493,844
8	California State University Fresno Foundation, Society Of Women Engineers Csu Fresno Student Chapter	2320 E San Ramon Ave M/S Ee94, Fresno, CA 93740	CA	1954-04	$77,976,386
9	San Jose State University Research Foundation	210 N 4th St Fl 4, San Jose, CA 95112-5569	CA	1961-07	$70,257,180
10	Cal Poly Pomona University Educational Trust	3801 W Temple Ave, Pomona, CA 91768-2557	CA	1997-02	$63,240,330
11	Friends Of Imagine International Academy Of North Texas	5100 W Eldorado Parkway Ste 102-589, Mckinney, TX 75070	TX	2009-09	$7,669,453
12	Royal Arch Research Assistance Inc	PO BOX 128, Greenfield, IN 46140-0128	IN	1975-02	$3,764,269
13	University Metro Town Center Endowment Inc	9201 University City Blvd, Charlotte, NC 28223-0001	NC	1982-11	$1,563,501
14	Franklin Elementary School District Education Foundation	PO BOX 1625, Yuba City, CA 95992-1625	CA	2009-09	$67,966
15	Soledad Education Foundation	1261 Metz Rd, Soledad, CA 93960-2745	CA	1999-08	$29,933
16	California County Superintendents Education Services Association Bus	1121 L St Ste 510, Sacramento, CA 95814-3943	CA	2003-03	$0
17	Fresh Hope Academy	436 N Myers St, Burbank, CA 91506	CA	2009-11	$0
18	Piner High School Foundation Of Santa Rosa Inc	1700 Fulton Rd, Santa Rosa, CA 95403	CA	2009-07	$0
19	Traqc Educational Foundation	PO BOX 721, Tracy, CA 95378	CA	2001-07	$0
20	Veritas Hifz Academy	2034 Finley Pl, Santa Clara, CA 95050-3256	CA	2007-10	$0

Number of organizations performing similar types of work

Alaska	1
Alabama	13
Arkansas	8
Arizona	5
California	78
Colorado	11
Connecticut	7
District of Columbia	6
Delaware	5
Florida	38
Georgia	18
Hawaii	2
Iowa	15
Idaho	6
Illinois	33
Indiana	13
Kansas	16
Kentucky	17
Louisiana	12
Massachusetts	19
Maryland	10
Maine	2
Michigan	15
Minnesota	17
Missouri	7
Mississippi	4

Montana	5
North Carolina	30
North Dakota	4
Nebraska	5
New Hampshire	2
New Jersey	12
New Mexico	6
Nevada	2
New York	42
Ohio	32
Oklahoma	11
Oregon	7
Pennsylvania	19
Rhode Island	6
South Carolina	8
South Dakota	2
Tennessee	8
Texas	52
Utah	4
Virginia	29
Washington	10
Wisconsin	15
West Virginia	6
Wyoming	2
International	4

Total

701

Affiliation	Name	Address	State	Established	Total Income
20 biggest affiliated organizations
Subordinate	Mount Vernon Nazarene University	800 Martinsburg Rd, Mount Vernon, OH 43050-9509	OH	1963-07	$72,621,953
Subordinate	Point Loma Nazarene University Foundation	3900 Lomaland Dr, San Diego, CA 92106-2810	CA	1963-07	$4,037,104
Central	The Church Of The Nazarene Inc	17001 Prairie Star Pkwy, Lenexa, KS 66220-7900	KS	1963-07	$0
Subordinate	Harvest Food Center Inc	PO BOX 690191, Vero Beach, FL 32969-0191	FL	1963-07	$821,120
Subordinate	Vacaville Sonrise Community Flshp	630 Orange Dr Ste R, Vacaville, CA 95687-3110	CA	1963-07	$322,560
Subordinate	Queens Central Korean Church Of The Nazarene	6111 220th St, Bayside, NY 11364-2244	NY	1963-07	$248,442
Subordinate	Restore Hope Orlando Inc	PO BOX 568606, Orlando, FL 32856-8606	FL	1993-01	$146,059
Subordinate	Delta Gunnison Valley Church Of The Nazarene	1721 H Rd, Delta, CO 81416-2801	CO	1963-07	$98,624
Subordinate	Canby	PO BOX 880, Canby, OR 97013-0880	OR	1963-07	$86,789
Subordinate	Los Angeles North Spanish Church Of The Nazarene	3571 Eagle Rock Blvd, Los Angeles, CA 90065-2848	CA	1963-07	$59,865
Subordinate	Hollywood Church Of The Nazarene	PO BOX 906, Hollywood, CA 90078-0906	CA	1963-07	$59,442
Subordinate	Sparta	6287 State Highway 16, Sparta, WI 54656-3450	WI	1963-07	$42,446
Subordinate	Pq Outreach Coalition	10060 Carmel Mountain Rd, San Diego, CA 92129-3228	CA	1963-07	$5,034
Subordinate	Norristown Faith And Hope, Norristown	115 W Freedley St, Norristown, PA 19401-3333	PA	1963-07	$0
Subordinate	Coastal Community Church Of Nazareth	12497 Tamiami Trl S, North Port, FL 34287-1447	FL	1963-07	$0
Subordinate	Orlando The Way To Calvary Church Of The Nazarene	306 W Lancaster Rd, Orlando, FL 32809-4915	FL	1963-07	$0
Subordinate	Valley Stream Korean Church Of The Nazarene	206-60 45 Drive 1st Fl, Bayside, NY 11361-3117	NY	1963-07	$0
Subordinate	Alaska District Church Of The Nazarene	1140 N Tina Ln, Palmer, AK 99645-8955	AK	1963-07	$0
Subordinate	Al South District Church Of The Nazarene	PO BOX 680898, Prattville, AL 36068-0898	AL	1963-07	$0
Subordinate	Alabama North District Church Of The Nazarene	PO BOX 574, Boaz, AL 35957-0574	AL	1963-07	$0

Number of affiliated organizations

Alaska	14
Alabama	72
Arkansas	64
Arizona	64
California	236
Colorado	57
Connecticut	11
District of Columbia	2
Delaware	8
Florida	154
Georgia	57
Hawaii	12
Iowa	19
Idaho	29
Illinois	103
Indiana	140
Kansas	62
Kentucky	78
Louisiana	21
Massachusetts	38
Maryland	36
Maine	37
Michigan	105
Minnesota	22
Missouri	83
Mississippi	26

Montana	14
North Carolina	29
North Dakota	13
Nebraska	20
New Hampshire	8
New Jersey	21
New Mexico	36
Nevada	9
New York	71
Ohio	177
Oklahoma	90
Oregon	42
Pennsylvania	77
Rhode Island	2
South Carolina	40
South Dakota	10
Tennessee	80
Texas	163
Utah	4
Virginia	54
Vermont	6
Washington	76
Wisconsin	29
West Virginia	59
Wyoming	5