SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
Arizona Christian University
 
Employer identification number

86-0186050
Identifier Return Reference Explanation
  Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm, then reviewed by the Finance Team, before the return is provided to the Audit Committee and then the whole board prior to its being submitted to the IRS.
  Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees are required to submit conflict of interest disclosures annually. These forms are reviewed by management as well as the Audit Committee. Any conflicts or potential conflicts are resolved by the Audit Committee and the Board of Trustees. All interested parties are required to recuse themselves from board deliberations and any subsequent vote.
  Form 990, Part VI, Section B, line 15 The University participates in annual salary studies of various higher education associations and the independent board has access to these studies when determining compensation for officers and key employees. The President is serving under a 5-year contract entered into in 2011 that sets compensation for all five years. The independent board reviewed salary studies and comparable compensation and benefits prior to entering into the 2011 contract.
  Form 990, Part VI, Section C, line 19 The University makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request.
Explanation of Prior Period Adjustment Form 990, Part XI, Line 8 Prior period adjustment reflects removal of the net assets of AZ Shine radio station from ACU 990 reportable net assets. AZ Shine is operated as a separate 501(c)(3) corporation filing a separate 990. Assets are consolidated under ACU for purposes of annual audit and reporting.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

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