Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
CHAPMAN UNIVERSITY
 
Employer identification number
95-1643992
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY
  		52-1705592 130179TL8 04-01-2021 64,997,271 REFUNDING 2011 BONDS   X   X   X
B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY
  		52-1705592 130179KL7 11-16-2017 40,323,903 FINANCE VILLA PARK ORCHARDS   X   X   X
C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY
  		52-1705592 1301787X8 07-21-2015 127,489,124 REFINANCE TAXABLE LOAN   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 4,215,000   12,610,000  
2 Amount of bonds legally defeased ..............        
3 Total proceeds of issue .................. 64,997,272 41,002,238 128,618,325  
4 Gross proceeds in reserve funds .............        
5 Capitalized interest from proceeds .............     5  
6 Proceeds in refunding escrows ...............        
7 Issuance costs from proceeds ............... 599,374 313,278 890,750  
8 Credit enhancement from proceeds .............        
9 Working capital expenditures from proceeds .............        
10 Capital expenditures from proceeds .............   40,688,960 102,058,892  
11 Other spent proceeds ............. 64,397,898   25,668,678  
12 Other unspent proceeds .............        
13 Year of substantial completion ............. 2020 2019 2020
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2020, a current refunding issue)? ........ 		X     X X      
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2020, an advance refunding issue)? ........ 		  X   X   X    
16 Has the final allocation of proceeds been made? ..........   X   X X      
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X      
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2021

Schedule K (Form 990) 2021
Page 2
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X    
2 Are there any lease arrangements that may result in private business use of bond-financed property? ............... X   X   X      
3a Are there any management or service contracts that may result in private business use of bond-financed property? ............. X   X   X      
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? X   X   X      
c Are there any research agreements that may result in private business use of bond-financed property? ............. X     X X      
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? X       X      
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....SchKMediumBullet 2.500 % 0 % 2.100 %  
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet 0 % 0 % 0 %  
6 Total of lines 4 and 5 ............. 2.500 % 0 % 2.100 %  
7 Does the bond issue meet the private security or payment test? ...   X   X   X    
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X     X    
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X    
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? ....... X   X     X    
b Exception to rebate? ........ X     X X      
c No rebate due? .........   X   X X      
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X   X    
Schedule K (Form 990) 2021

Schedule K (Form 990) 2021
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X    
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X    
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X X      
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X      
Part Ⅴ
Procedures To Undertake Corrective Action
--------------------------------------------------------------------------------------------------------------- A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X      
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
SCHEDULE K, PART I(F), ROW A BONDS WERE ISSUED TO REFUND THE 2011 BONDS ISSUED ON OCTOBER 3, 2011 AND PAY COSTS OF ISSUANCE.
SCHEDULE K, PART I(F), ROW B BONDS WERE ISSUED TO FINANCE THE CONSTRUCTION OF VILLA PARK ORCHARDS AND PAY COSTS OF ISSUANCE.
SCHEDULE K, PART I (F), ROW C BONDS WERE ISSUED TO REFINANCE A TAXABLE LOAN ISSUED JULY 7, 2014 AND FINANCE RENOVATION AND CONSTRUCTION OF VARIOUS CAMPUS BUILDINGS.
SCHEDULE K, PART II, LINE 3, COLUMNS A, B & C THE DIFFERENCE BETWEEN PART I(E) AND PART II, LINE 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS.
SCHEDULE K, PART III, LINE 7, COLUMNS A, B & C AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS BECAUSE THE AMOUNT OF PRIVATE BUSINESS AND/OR UNRELATED OR BUSINESS USE MEASURED OVER THE LIFE OF THE BIND IS NOT EXPECTED TO BE IN EXCESS OF THE AMOUNT PERMITTED UNDER SECTION 145 OF THE CODE.
SCHEDULE K, PART IV, LINE 2(B), COLUMN A THE BONDS MET THE 6-MONTH SPENDING EXCEPTION TO REBATE.
SCHEDULE K, PART IV, LINE 2(B), COLUMN C THE PORTION OF BONDS THAT FINANCED THE CURRENT REFUNDING OF THE TAXABLE LOAN MET THE 6-MONTH SPENDING EXCEPTION TO REBATE.
SCHEDULE K, PART IV, LINE 2(C), COLUMN C THE MOST RECENT REBATE REPORT, DATED AUGUST 19, 2019, WAS PERFORMED AS TEH 4TH ANNIVERSARY OF THE BONDS, SHOWING A NEGATIVE REBATE LIABILITY AND ALL PROCEEDS EXPENDED. THUS, NO REBATE CAN BECOME DUE NOR WILL EVER BECOME DUE ON THE BONDS.
Schedule K (Form 990) 2021

Additional Data


Software ID:  
Software Version: