Form 990 for tax year 2022

Filed by HOPE INTERNATIONAL UNIVERSITY.

Totals

Total revenue: $31,921,490
Total expenses: $32,287,591
Contributions and grants received: $4,892,632
Grants paid: $9,310,500
Program service revenue: $26,820,714
Investment income: $382,393
Other revenue: -$174,249
Total assets, end of year: $36,251,970
Total liabilities, end of year: $23,773,191
Net assets or fund balances, end of year: $12,478,779
Program services expenses (Part IX): $26,913,723
Management and general expenses: $4,832,403
Fundraising expenses: $541,465
Program service expenses (Part III): $26,913,723

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$142,640
1e · Government grants (contributions)

$3,509,482
1f · All other contributions, gifts and grants

$1,240,510
1g · Noncash contributions included above

$4,473
2a · Program service revenue: Tuition and Fees

total $23,523,697 · related or exempt $23,523,697
2b · Program service revenue: Auxiliary services

total $2,690,844 · related or exempt $2,690,844
2f · All other program service revenue

total $606,173 · related or exempt $606,173 · unrelated business $0 · excluded $0
3 · Investment income

total $325,896 · excluded $325,896
6a · Gross rents

real property $506,522
6b · Less rental expenses

real property $588,271
6c · Rental income or loss

real property -$81,749 · personal property $0
6d · Net rental income or loss

total -$81,749 · excluded -$81,749
7a · Gross sales of assets other than inventory

securities $444,500 · other assets $66,103
7b · Less cost or other basis and sales expenses

securities $454,106
7c · Gain or loss

securities -$9,606 · other assets $66,103
7d · Net gain or loss

total $56,497 · excluded $56,497
8a · Fundraising events: gross income

$11,885
8a · Fundraising events: contributions included on line 1c

$142,640
8b · Fundraising events: direct expenses

$104,385
8c · Net income from fundraising events

total -$92,500 · excluded -$92,500
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $9,310,500 · program services $9,310,500
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $495,817 · program services $291,730 · management and general $204,087
7 · Other salaries and wages

total $10,695,650 · program services $8,982,792 · management and general $1,312,360 · fundraising $400,498
9 · Other employee benefits

total $1,195,286 · program services $592,692 · management and general $584,456 · fundraising $18,138
10 · Payroll taxes

total $703,636 · program services $602,980 · management and general $76,890 · fundraising $23,766
11b · Fees: legal

total $7,284 · management and general $7,284
11c · Fees: accounting

total $104,267 · management and general $104,267
11d · Fees: lobbying

total $1,863 · management and general $1,863
11f · Fees: investment management

total $38,179 · management and general $38,179
11g · Fees: other

total $2,123,208 · program services $1,765,859 · management and general $342,559 · fundraising $14,790
12 · Advertising and promotion

total $586,222 · program services $569,804 · management and general $10,359 · fundraising $6,059
13 · Office expenses

total $579,284 · program services $434,311 · management and general $88,945 · fundraising $56,028
14 · Information technology

total $254,595 · program services $21,104 · management and general $231,883 · fundraising $1,608
16 · Occupancy

total $1,164,555 · program services $606,096 · management and general $558,459
17 · Travel

total $746,696 · program services $680,151 · management and general $50,600 · fundraising $15,945
19 · Conferences, conventions and meetings

total $33,974 · program services $29,911 · management and general $3,576 · fundraising $487
22 · Depreciation, depletion and amortization

total $1,184,719 · program services $878,739 · management and general $305,980
23 · Insurance

total $195,800 · program services $32,556 · management and general $163,244
24a · Other expenses: Operations - Repairs and Maintenance

total $2,055,389 · program services $1,502,300 · management and general $553,089
24b · Other expenses: Special events

total $148,133 · program services $119,740 · management and general $28,393
24c · Other expenses: Campus food service

total $235,254 · program services $232,063 · management and general $400 · fundraising $2,791
24d · Other expenses: Licenses and registration fees

total $7,284 · program services $0 · management and general $7,284 · fundraising $0
24e · All other expenses

total $419,996 · program services $260,395 · management and general $158,246 · fundraising $1,355

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,981,303 · end of year $1,580,987
2 · Savings and temporary cash investments

beginning of year $870,494 · end of year $218,596
3 · Pledges and grants receivable

beginning of year $313,658 · end of year $80,254
4 · Accounts receivable

beginning of year $437,968 · end of year $4,205,220
5 · Loans and receivables from officers and key people

end of year $0
6 · Loans and receivables from disqualified persons

end of year $0
8 · Inventories for sale or use

beginning of year $64,800 · end of year $39,220
9 · Prepaid expenses and deferred charges

beginning of year $159,990 · end of year $181,975
10a · Land, buildings and equipment: cost or other basis

$33,872,420
10b · Land, buildings and equipment: accumulated depreciation

$20,970,492
10c · Land, buildings and equipment, net

beginning of year $13,056,440 · end of year $12,901,928
11 · Investments: publicly traded securities

beginning of year $5,740,468 · end of year $5,646,191
12 · Investments: other securities

beginning of year $41,236 · end of year $41,233
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $12,206,747 · end of year $11,356,366
17 · Accounts payable and accrued expenses

beginning of year $1,531,364 · end of year $1,631,371
19 · Deferred revenue

beginning of year $380,441 · end of year $201,737
22 · Loans and payables to officers and key people

end of year $0
23 · Secured mortgages and notes payable

beginning of year $17,281,328 · end of year $18,651,606
24 · Unsecured notes and loans payable

beginning of year $34,748 · end of year $26,219
25 · Other liabilities

beginning of year $3,535,617 · end of year $3,262,258
27 · Net assets without donor restrictions

beginning of year $3,164,992 · end of year $2,778,651
28 · Net assets with donor restrictions

beginning of year $9,944,614 · end of year $9,700,128

Mission and programs · 2022

Mission

The mission of Hope International University is to empower students through Christian higher education to serve the church and impact the world for Christ. The University specializes in fields offering significant influence on society (e.g. business, education, health sciences, social sciences, and ministry). Hope stresses practical scholarship, servant leadership, and community service.

Activities or mission (Part I)

Empowering students through Christian higher education to serve the Church and world for Christ.

Hope International University is an independent, comprehensive institution of higher learning offering undergraduate and graduate degrees. The University maintains a close affiliation with independent non-denominational Christian Churches and Churches of Christ. Founded in 1928, HIU has expanded its educational offerings to include degree programs through five colleges. In the fiscal year ended 5/31/23, HIU served 1,442 undergraduate and graduate students in degree and certificate programs provided both on-ground and online through the campus in Southern California.

Expenses $26,913,723 · Grants $9,310,500 · Revenue $26,820,714

As filed on the 2022 return.

Listed in Part VII

Charles Puckett

Secretary/ Treasurer

Total calculated

$0

Hours/week

0.5
Don Rowe

Vice Chair

Total calculated

$0

Hours/week

0.5
William Mullins

Chairman

Total calculated

$0

Hours/week

0.5
Bruce Templeton

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Christine Clausen

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Drew Sherman

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Glen Elliott

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Jan Baird

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Jeremy Jernigan

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Megan Lemmons

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Michael Harrison

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Scott Martin

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Tim Winters

Board of Trustees Member

Total calculated

$0

Hours/week

0.5
Paul Alexander

President

Total calculated

$285,432

From this org

$202,322

From related orgs

$0

Other

$83,110

Hours/week

40

Schedule J breakdown matched by us

Base

$182,322

Bonus

$20,000

Other

$0

Deferred

$27,000

Nontaxable benefits

$56,110

Filer's total

$285,432
Thomas McGlinchey

VP for business and finance

Total calculated

$202,151

From this org

$179,317

From related orgs

$0

Other

$22,834

Hours/week

40

Schedule J breakdown matched by us

Base

$179,317

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$22,834

Filer's total

$202,151
Laura Steele

Dean School of Psychology

Total calculated

$121,489

From this org

$121,109

From related orgs

$0

Other

$380

Hours/week

40
Michael Mulryan

VP for institutional Adv.

Total calculated

$155,024

From this org

$142,901

From related orgs

$0

Other

$12,123

Hours/week

40

Schedule J breakdown matched by us

Base

$142,901

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$12,123

Filer's total

$155,024
Steve Edgington

VP of Academic Affairs

Total calculated

$151,596

From this org

$149,636

From related orgs

$0

Other

$1,960

Hours/week

40

Schedule J breakdown matched by us

Base

$149,636

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$1,960

Filer's total

$151,596
Teresa Smith

VP for Enrollment

Total calculated

$138,596

From this org

$129,358

From related orgs

$0

Other

$9,238

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation survey or study
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use: Housing Allowance: Pursuant to Internal Revenue Code Section 107, the University pays a portion of the salary of ordained ministers as a housing allowance per amount claimed on annual form. This is not included in taxable compensation. The President received this benefit during this reporting period. The allowance is approved by the Board of Trustees and documented in the Board minutes.
Schedule J, Part I, Line 7 Non-fixed payments: A discretionary bonus was paid to the President.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Hope International University Capital LLC

University support · CA · income $0 · assets $0

Directly controlled by Hope International University

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Hope International University Foundation

C Corporation · University support · CA · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by Hope International University
Hope International Capital Facilities Finance Foundation

C Corporation · University support · CA · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by Hope International University
Charitable Remainder Unitrusts (2)

Investing and payment to annuitants · CA · controlled entity

Directly controlled by Hope International University
Charitable Remainder Annuity Trust

Investing and payments to annuitants · CA · controlled entity

Directly controlled by Hope International University

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 April 2024
IRS schema version: 2022v5.0
Source object: 202411069349301341

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