Form 990 for tax year 2023

Filed by FRESNO PACIFIC UNIVERSITY.

Totals

Total revenue: $77,485,073
Total expenses: $88,075,929
Contributions and grants received: $9,305,207
Grants paid: $19,164,309
Program service revenue: $67,432,215
Investment income: $722,557
Other revenue: $25,094
Total assets, end of year: $83,558,003
Total liabilities, end of year: $38,197,624
Net assets or fund balances, end of year: $45,360,379
Program services expenses (Part IX): $70,648,685
Management and general expenses: $15,659,016
Fundraising expenses: $1,768,228
Program service expenses (Part III): $70,648,685

Program services were 80.2% 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

$26,964
1d · Related organizations

$708,994
1e · Government grants (contributions)

$307,606
1f · All other contributions, gifts and grants

$8,261,643
1g · Noncash contributions included above

$473,961
2a · Program service revenue: Tuition and fees

total $60,833,261 · related or exempt $60,833,261
2b · Program service revenue: Auxiliary Services

total $6,539,146 · related or exempt $6,539,146
2c · Program service revenue: Continuing Education

total $59,808 · related or exempt $59,808
2f · All other program service revenue

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

total $318,691 · excluded $318,691
6a · Gross rents

real property $109,853
6b · Less rental expenses

real property $73,074
6c · Rental income or loss

real property $36,779 · personal property $0
6d · Net rental income or loss

total $36,779 · excluded $36,779
7a · Gross sales of assets other than inventory

securities $17,066,126 · other assets $270,391
7b · Less cost or other basis and sales expenses

securities $16,810,391 · other assets $122,260
7c · Gain or loss

securities $255,735 · other assets $148,131
7d · Net gain or loss

total $403,866 · excluded $403,866
8a · Fundraising events: gross income

$4,430
8a · Fundraising events: contributions included on line 1c

$26,964
8b · Fundraising events: direct expenses

$16,115
8c · Net income from fundraising events

total -$11,685 · excluded -$11,685
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 $19,164,309 · program services $19,164,309
5 · Compensation of officers, directors and key employees

total $488,045 · program services $254,317 · management and general $233,728
7 · Other salaries and wages

total $35,781,111 · program services $28,941,793 · management and general $5,738,692 · fundraising $1,100,626
8 · Pension plan contributions

total $322,422 · program services $236,185 · management and general $70,875 · fundraising $15,362
9 · Other employee benefits

total $5,326,614 · program services $3,715,765 · management and general $1,485,727 · fundraising $125,122
10 · Payroll taxes

total $2,314,204 · program services $1,845,559 · management and general $381,321 · fundraising $87,324
11b · Fees: legal

total $719,062 · management and general $717,394 · fundraising $1,668
11c · Fees: accounting

total $229,050 · management and general $188,780 · fundraising $40,270
11f · Fees: investment management

total $99,601 · management and general $99,601
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $1,951,603 · program services $932,159 · management and general $868,970 · fundraising $150,474
13 · Office expenses

total $3,458,989 · program services $2,419,540 · management and general $1,001,314 · fundraising $38,135
14 · Information technology

total $114,025 · program services $10,915 · management and general $9,080 · fundraising $94,030
16 · Occupancy

total $10,294,529 · program services $7,493,549 · management and general $2,708,547 · fundraising $92,433
17 · Travel

total $4,298,933 · program services $3,484,503 · management and general $802,677 · fundraising $11,753
22 · Depreciation, depletion and amortization

total $2,291,341 · program services $2,091,928 · management and general $188,382 · fundraising $11,031
23 · Insurance

total $582,162 · program services $58,163 · management and general $523,999
24a · Other expenses: Bad Debts

total $639,929 · management and general $639,929
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,601,052 · end of year $866,417
2 · Savings and temporary cash investments

beginning of year $722,267 · end of year $363,227
3 · Pledges and grants receivable

beginning of year $666,067 · end of year $1,789,435
4 · Accounts receivable

beginning of year $2,937,932 · end of year $3,640,810
5 · Loans and receivables from officers and key people

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

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

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

beginning of year $65,256 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $1,180,464 · end of year $1,786,980
10a · Land, buildings and equipment: cost or other basis

$89,358,711
10b · Land, buildings and equipment: accumulated depreciation

$50,075,265
10c · Land, buildings and equipment, net

beginning of year $38,989,944 · end of year $39,283,446
11 · Investments: publicly traded securities

beginning of year $4,465,070 · end of year $1,174,232
12 · Investments: other securities

beginning of year $15,507,598 · end of year $12,574,200
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $24,464,660 · end of year $22,079,256
17 · Accounts payable and accrued expenses

beginning of year $2,820,176 · end of year $4,843,305
18 · Grants payable

beginning of year $35,122 · end of year $148,358
19 · Deferred revenue

beginning of year $7,775,472 · end of year $6,103,338
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $25,232,641 · end of year $27,102,623
27 · Net assets without donor restrictions

beginning of year $35,670,652 · end of year $21,778,916
28 · Net assets with donor restrictions

beginning of year $19,066,247 · end of year $23,581,463

Mission and programs · 2023

Mission

The University is the Central Valley's only accredited Christian University, offering leading academic programs and ethical and spiritual development through traditional bachelor's degree, adult degree completion, master's, certificate, and credentialing programs.

Activities or mission (Part I)

To develop students for service and leadership through excellence in Christian higher education.

Fresno Pacific University offers 89 areas of study through degrees, credentials and certificates. Including traditional and adult programs, this translates to 40 for undergraduates and 37 for graduate students in two schools - The School of Natural Sciences and Graduate and Professional Schools. The university serves nearly 3,000 students on campuses in Southeast Fresno and North Fresno, Visalia and Bakersfield as well as many fully online programs. In addition to business/leadership and many education programs and credentials, psychology, pre-health sciences, nursing and social work are growing programs. Most students are from Central California and represent its rich diversity of culture, ethnicity and religious affiliation. Many are the first in their families to attend a university, and 98 percent receive financial aid. All receive an education that stresses solid academics and strong ethics. FPU has the region's highest four-year graduation rate, and is one of the top 10 Hispanic Serving Institutions 10 nationally in graduating Hispanic students. The Valley's only comprehensive Christian university granting master's degrees, FPU is affiliated with the Mennonite Brethren Church, accredited by the Western Association of Schools and Colleges and ranked in the top tier of its category by U.S. News & World Report.

Expenses $60,898,935 · Grants $17,689,227 · Revenue $60,833,261
In addition to quality academics, Fresno Pacific University is committed to providing its students with valuable services and formative experiences. The Student Life Division provides information, opportunities, and services that aid the holistic development of students and their ability to succeed in careers and graduate programs. Services include counseling, career development, disability services, health services, academic services, residence life, commuter life, housing, leadership and spiritual development. The College Hour chapel program and outreach ministries, operated by the Office of Spiritual Formation, also enhance students' potential as vital members of society and the kingdom of God.

Expenses $6,995,712 · Grants $328,330 · Revenue $6,539,146
Fresno Pacific University serves approximately 5,500 students annually through the Office of Continuing Education. Programs are available online, through customized corporate training, correspondence, and workshops/seminars. Courses and certificates are graduate-level, professional development units primarily used for professional advancement, rather than toward academic credit or a degree. Educators, nurses, grant writers, counselor and professionals in human resources, marketing and business management are among those who have benefited from continuing education through FPU.

Expenses $2,754,038 · Grants $1,146,752 · Revenue $59,808

As filed on the 2023 return.

Listed in Part VII

Ed Eng

Trustee, Secretary

Total calculated

$0

Hours/week

0.5 + 0.5 related
Joshua Wilson

Trustee, Chair

Total calculated

$0

Hours/week

1 + 1 related
Royce Fast

Trustee, Vice Chair/Treasurer, Chair/Budget,Finance, and Facilities Committee

Total calculated

$0

Hours/week

1 + 1 related
Aaron Wiens

Trustee, Chair, Enrollment Committee

Total calculated

$0

Hours/week

1 + 1 related
Arthur Klassen

Trustee

Total calculated

$0

Hours/week

0.5
Charlie Rivoire

Trustee

Total calculated

$0

Hours/week

0.5
Chris Bennett

Trustee

Total calculated

$0

Hours/week

0.5
Deborah Taylor

Trustee

Total calculated

$0

Hours/week

0.5
Dennis Fast

Trustee

Total calculated

$0

Hours/week

0.2 + 0.5 related
Don Warkentine

Trustee

Total calculated

$0

Hours/week

1 + 1 related
Garry Prieb

Trustee

Total calculated

$0

Hours/week

0.5 + 0.5 related
James Parks

Trustee

Total calculated

$0

Hours/week

0.5
Jason Ekk

Trustee

Total calculated

$0

Hours/week

0.5
Jordan Ringhofer

Trustee, Chair, Board Development Committee

Total calculated

$0

Hours/week

0.5 + 0.5 related
Kelsey Penner-Mattox

Trustee

Total calculated

$0

Hours/week

0.5
Larry Powell

Trustee, Chair, Advancement Committee

Total calculated

$0

Hours/week

0.5 + 0.5 related
Linda Montemayor

Trustee

Total calculated

$0

Hours/week

0.5
Mark Fowler

Trustee

Total calculated

$0

Hours/week

0.5
Mark Isaac

Trustee

Total calculated

$0

Hours/week

0.5
Matthew Harder

Trustee

Total calculated

$0

Hours/week

0.1
Nichole Mosqueda

Trustee

Total calculated

$0

Hours/week

0.5
Nicolas Allen

Trustee, Chair Audit Committee, Chair, Campus Life Committee

Total calculated

$0

Hours/week

1 + 0.5 related
Randy Reiswig

Trustee

Total calculated

$0

Hours/week

0.5
Ronald Smith

Trustee, Chair, Seminary Committee

Total calculated

$0

Hours/week

1 + 0.5 related
Teshome Dubale

Trustee

Total calculated

$0

Hours/week

0.5 + 0.5 related
Timothy Geddert

Trustee

Total calculated

$0

Hours/week

0.5
Will Dyck

Trustee and Executive Board Member

Total calculated

$0

Hours/week

0.5 + 0.5 related
Xavier Pina

Trustee, Chair, Academic Committee

Total calculated

$0

Hours/week

1 + 1 related
Andre Stephens

University President

Total calculated

$297,844

From this org

$258,493

From related orgs

$0

Other

$39,351

Hours/week

40 + 0.5 related

Schedule J breakdown matched by us

Base

$258,493

Bonus

$0

Other

$0

Deferred

$25,560

Nontaxable benefits

$13,791

Filer's total

$297,844
Robert Lippert

VP- Finance & Bus. Affairs

Total calculated

$178,258

From this org

$162,089

From related orgs

$0

Other

$16,169

Hours/week

40 + 0.5 related

Schedule J breakdown matched by us

Base

$162,089

Bonus

$0

Other

$0

Deferred

$3,331

Nontaxable benefits

$12,838

Filer's total

$178,258
Angel Krause

Faculty

Total calculated

$149,550

From this org

$136,612

From related orgs

$0

Other

$12,938

Hours/week

40
Michelle Bradford

Faculty

Total calculated

$139,163

From this org

$125,079

From related orgs

$0

Other

$14,084

Hours/week

40
Sarah Johnson

Faculty

Total calculated

$137,229

From this org

$127,000

From related orgs

$0

Other

$10,229

Hours/week

40
Sherri Hughes

Interim Provost

Total calculated

$140,492

From this org

$137,714

From related orgs

$0

Other

$2,778

Hours/week

40
Tara Sirvent

Faculty

Total calculated

$144,923

From this org

$122,851

From related orgs

$0

Other

$22,072

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 · Discretionary spending account
1a · Housing allowance or residence for personal use
1a · Health or social club dues or initiation fees
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Independent compensation consultant
3 · Approval by the board or compensation committee

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
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Discretionary spending account: The organization provides the President with a discretionary spending account funded by donations restricted for the purpose of this fund. THESE FUNDS ARE USED SOLELY FOR UNIVERSITY INITIATIVES AND DOCUMENTATION TO SUPPORT BUSINESS USE OF THE FUNDS IS PROVIDED ACCORDING TO THE ACCOUNTABLE PLAN RULES. The fund is excluded from taxable income.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use: As a condition of employment and as a convenience to the University, the President is provided a home on University grounds. The home is provided as a nontaxable benefit to the President.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees: Andre Stephens, President is a member of the Rotary Club. This is considered a bona fide business expense and was not taxable 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Fresno Pacific University Foundation

501(c)(3) · Providing assistance and benefits to the University · CA · controlled entity

Directly controlled by Fresno Pacific University
MBBS-US Inc

501(c)(3) · To support Fresno Pacific University - Biblical Seminary · CA · controlled entity

Directly controlled by Fresno Pacific University

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 May 2025
IRS schema version: 2023v6.0
Source object: 202501359349301715

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