Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,897,423

• 1e · Government grants (contributions)

  $13,648,417

• 1f · All other contributions, gifts and grants

  $41,149,620

• 1g · Noncash contributions included above

  $2,416,546

• 2a · Program service revenue: TUITION AND FEES

  total $555,595,207 · related or exempt $555,595,207

• 2b · Program service revenue: OTHER FEES AND SERVICE

  total $66,474,035 · related or exempt $66,474,035

• 3 · Investment income

  total $12,642,109 · unrelated business -$940,302 · excluded $13,582,411

• 6a · Gross rents

  real property $4,845,093

• 6b · Less rental expenses

  real property $4,444,933

• 6c · Rental income or loss

  real property $400,160

• 6d · Net rental income or loss

  total $400,160 · excluded $400,160

• 7a · Gross sales of assets other than inventory

  securities $402,810,316 · other assets $55,000

• 7b · Less cost or other basis and sales expenses

  securities $406,686,330 · other assets $50,397

• 7c · Gain or loss

  securities -$3,876,014 · other assets $4,603

• 7d · Net gain or loss

  total -$3,871,411 · unrelated business $1,375,114 · excluded -$5,246,525

• 8a · Fundraising events: gross income

  $376,038

• 8a · Fundraising events: contributions included on line 1c

  $1,897,423

• 8b · Fundraising events: direct expenses

  $1,031,850

• 8c · Net income from fundraising events

  total -$655,812 · excluded -$655,812

• 11a · Other revenue: PERFORMANCE GRANTS

  total $6,463,002 · excluded $6,463,002

• 11b · Other revenue: EXTERNAL SCHOLARSHIPS

  total $3,504,029 · excluded $3,504,029

• 11c · Other revenue: PARKING FEES & METERS

  total $42,515 · excluded $42,515

• 11d · All other revenue

  total $298,225 · unrelated business $288,240 · excluded $9,985

• 11e · Other revenue, total

  $10,307,771

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,142,476 · program services $2,142,476

• 2 · Grants to domestic individuals

  total $197,999,416 · program services $197,999,416

• 5 · Compensation of officers, directors and key employees

  total $7,036,173 · program services $2,125,877 · management and general $3,790,618 · fundraising $1,119,678

• 7 · Other salaries and wages

  total $198,487,030 · program services $168,820,110 · management and general $22,154,413 · fundraising $7,512,507

• 8 · Pension plan contributions

  total $11,742,147 · program services $9,987,104 · management and general $1,310,616 · fundraising $444,427

• 9 · Other employee benefits

  total $32,506,542 · program services $27,647,942 · management and general $3,628,264 · fundraising $1,230,336

• 10 · Payroll taxes

  total $13,741,792 · program services $11,687,871 · management and general $1,533,810 · fundraising $520,111

• 11b · Fees: legal

  total $3,010,352 · program services $2,560,409 · management and general $336,005 · fundraising $113,938

• 11c · Fees: accounting

  total $477,638 · program services $406,248 · management and general $53,312 · fundraising $18,078

• 11f · Fees: investment management

  total $2,448,210 · program services $2,082,288 · management and general $273,260 · fundraising $92,662

• 11g · Fees: other

  total $16,924,640 · program services $14,394,994 · management and general $1,889,068 · fundraising $640,578

• 12 · Advertising and promotion

  total $3,736,099 · program services $3,177,682 · management and general $417,010 · fundraising $141,407

• 13 · Office expenses

  total $10,473,892 · program services $8,908,409 · management and general $1,169,058 · fundraising $396,425

• 14 · Information technology

  total $10,372,877 · program services $8,822,492 · management and general $1,157,783 · fundraising $392,602

• 16 · Occupancy

  total $34,062,544 · program services $28,971,376 · management and general $3,801,940 · fundraising $1,289,228

• 17 · Travel

  total $6,084,758 · program services $5,175,298 · management and general $679,159 · fundraising $230,301

• 19 · Conferences, conventions and meetings

  total $4,375,322 · program services $3,721,363 · management and general $488,358 · fundraising $165,601

• 20 · Interest

  total $16,465,927 · program services $14,004,842 · management and general $1,837,868 · fundraising $623,217

• 22 · Depreciation, depletion and amortization

  total $44,245,439 · program services $37,632,282 · management and general $4,938,518 · fundraising $1,674,639

• 23 · Insurance

  total $5,828,008 · program services $4,956,923 · management and general $650,502 · fundraising $220,583

• 24a · Other expenses: STUDY ABROAD EXPENSES

  total $7,021,475 · program services $5,972,008 · management and general $783,712 · fundraising $265,755

• 24b · Other expenses: FOOD SERVICES EXPENSES

  total $6,873,136 · program services $5,845,841 · management and general $767,155 · fundraising $260,140

• 24c · Other expenses: BOOKS AND PERIODICALS

  total $3,164,033 · program services $2,691,120 · management and general $353,158 · fundraising $119,755

• 24d · Other expenses: LEGAL SETTLEMENTS

  total $1,605,083 · program services $1,365,178 · management and general $179,154 · fundraising $60,751

• 24e · All other expenses

  total $9,286,693 · program services $7,898,655 · management and general $1,036,547 · fundraising $351,491

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $493,236 · end of year $53,906

• 2 · Savings and temporary cash investments

  beginning of year $165,318,301 · end of year $218,879,806

• 3 · Pledges and grants receivable

  beginning of year $48,197,535 · end of year $53,088,903

• 4 · Accounts receivable

  beginning of year $8,164,828 · end of year $10,352,040

• 7 · Other notes and loans receivable

  beginning of year $149,030,275 · end of year $102,847,284

• 8 · Inventories for sale or use

  beginning of year $656,656 · end of year $702,331

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,442,458 · end of year $9,250,286

• 10a · Land, buildings and equipment: cost or other basis

  $1,569,560,642

• 10b · Land, buildings and equipment: accumulated depreciation

  $436,874,960

• 10c · Land, buildings and equipment, net

  beginning of year $963,339,028 · end of year $1,132,685,682

• 11 · Investments: publicly traded securities

  beginning of year $318,408,178 · end of year $161,957,281

• 12 · Investments: other securities

  beginning of year $463,778,566 · end of year $511,431,000

• 15 · Other assets

  beginning of year $8,996,395 · end of year $5,959,453

• 17 · Accounts payable and accrued expenses

  beginning of year $57,852,430 · end of year $54,665,387

• 19 · Deferred revenue

  beginning of year $22,435,667 · end of year $24,235,680

• 20 · Tax-exempt bond liabilities

  beginning of year $306,516,698 · end of year $294,449,550

• 23 · Secured mortgages and notes payable

  beginning of year $175,000,000 · end of year $175,000,000

• 24 · Unsecured notes and loans payable

  beginning of year $718,648 · end of year $36,062,508

• 25 · Other liabilities

  beginning of year $10,268,533 · end of year $10,617,070

• 27 · Net assets without donor restrictions

  beginning of year $1,190,213,480 · end of year $1,226,193,099

• 28 · Net assets with donor restrictions

  beginning of year $369,820,000 · end of year $385,984,678

The filer's explanations (Part III)

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).

Disregarded entities

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

• CHAPMAN UNIVERSITY CHARITABLE GIVING LLC

  FUNDRAISING · CA · income $8,832 · assets $75,735

  Directly controlled by CHAPMAN UNIV

• CHAPMAN BOND GUARANTOR LLC

  LENDING · CA · income $0 · assets $32,000,000

  Directly controlled by CHAPMAN UNIV

• 16355 LAGUNA CANYON ROAD LLC

  REAL ESTATE · CA · income $41,906,810 · assets $0

  Directly controlled by CHAPMAN UNIV

Related corporations and trusts

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

• CHAPMAN UNIVERSITY ENTERPRISE INC

  C · FILM PRODUCTION · DE · 100% owned · share of assets $154,286 · controlled entity

  Directly controlled by CHAPMAN UNIV

• POOLED INCOME FUND (1)

  T · TRUST · CA

  Directly controlled by CHAPMAN UNIV

• CHARITABLE GIFT ANNUITIES (18)

  T · TRUST · CA

  Directly controlled by CHAPMAN UNIV

• CHARITABLE REMAINDER UNITRUST (13)

  T · TRUST · CA

  Directly controlled by CHAPMAN UNIV