2023-02-27T16:30:22-06:00 2022-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2021-07-01 930386972 WILLAMETTE UNIVERSITY WILL 5033706710 900 STATE STREET SALEM OR 97301 DANIEL VALLES SR VP, COO & TREASURER 5033706710 2023-02-24 1 DANIEL VALLES 999009999 WENDY CAMPOS P00448102 5032421447 2023-02-24 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z STEPHEN E THORSETT 900 STATE STREET SALEM OR 97301 163475462 0 X WWW.WILLAMETTE.EDU X 1842 OR THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITYPREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING. 36 32 2086 954 894922 734469 4531362 18552130 826993 107193404 -16080 2378328 174632 2990657 5516907 131114519 137735 47903739 0 0 2690562 63715908 9525 85369 4096731 3414464 44246617 6252286 155951633 -735379 -24837114 639462434 555407413 182305375 163796612 457157059 391610801 X THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITYPREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING. 0 0 122100984 47889402 96218213 HIGHER EDUCATION - INSTRUCTION AND SUPPORT: 1,212 IN THE COLLEGE OF ARTS AND SCIENCES, 316 IN THE COLLEGE OF LAW, 142 IN THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT, 5 IN DATA SCIENCE, 70 IN A JOINT DEGREE PROGRAM, 369 IN PACIFIC NORTHWEST COLLEGE OF ARTS, AND 81 IN THE HALLIE FORD SCHOOL OF GRADUATE STUDIES (2,195 STUDENTS). 11943285 14337 10978187 HIGHER EDUCATION - AUXILIARY FUNCTIONS: INCLUDES ROOM & BOARD (FOR 818 STUDENTS) AND SUMMER CONFERENCES. 134044269 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 0 0 1 3768 0 1 2086 1 1 1 1 SP 0 0 0 1 1 0 0 0 0 0 0 X 36 32 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA MI MN NH OR SC X X SCOTT SCHAEFER 5033706710 900 STATE STREET SALEM OR 97301 X STEPHEN E THORSETT PRESIDENT 40.00 X X 641568 0 153391 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER 40.00 X X 283950 0 37464 BRIAN GALLINI DEAN, COLLEGE OF LAW 40.00 X 254892 0 51001 SHANA SECHRIST GENERAL COUNSEL & VP OF HUMAN RESOURCES 40.00 X 248930 0 49537 SHELBY RADCLIFFE VP FOR ADVANCEMENT 40.00 X 253462 0 34361 SYMEON SYMEONIDES ALEX L PARKS DISTINGUISHED PROF. OF LAW 40.00 X 240665 0 45610 ANNE GALLAGHER ASSOCIATE VP OF BUDGET & FACILITIES 40.00 X 261948 0 13093 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 40.00 X 235382 0 37295 KENNETH PIFER CONTROLLER 40.00 X 157469 0 92313 MICHAEL HAND PROFESSOR, ATKINSON GRADUATE SCHOOL 40.00 X 204055 0 32897 YVONNE TAMAYO PROFESSOR OF LAW & UNIVERSITY COUNSEL 40.00 X 203288 0 30540 NORMAN WILLIAMS KEN AND CLAUDIA PETERSON PROFESSOR OF LAW 40.00 X 198319 0 29300 RUTH FEINGOLD DEAN, COLLEGE OF ARTS & SCIENCES 40.00 X 180397 0 36424 LISA LANDREMAN VP FOR STUDENT AFFAIRS 40.00 X 173002 0 26830 TYLER REICH ASSOCIATE VP FOR ADVANCEMENT & EXEC. DIRECTOR 40.00 X 160929 0 25732 COLLEEN KAWAHARA CHIEF OF STAFF, ADMINISTRATIVE SECRETARY 40.00 X 135017 0 16024 KEVIN R SMITH CHAIR 1.00 X X 0 0 0 ELIZABETH J LARGE VICE CHAIR 1.00 X X 0 0 0 LYNNE H SAXTON IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 SEAN B O'HOLLAREN SECRETARY 1.00 X X 0 0 0 EVA M KRIPALANI ASSISTANT SECRETARY 1.00 X X 0 0 0 BRIAN R HUFFT TRUSTEE 1.00 X 0 0 0 CHARLOTTE P CARPENTER TRUSTEE 1.00 X 0 0 0 COLBY R TAKEDA TRUSTEE 1.00 X 0 0 0 CORTLANDT A CUFFEE TRUSTEE 1.00 X 0 0 0 DALE C SAUSE TRUSTEE 1.00 X 0 0 0 DAVID DRINKWARD TRUSTEE 1.00 X 0 0 0 ELOISE DAMROSCH TRUSTEE 1.00 X 0 0 0 HEIDI A PATTERSON TRUSTEE 1.00 X 0 0 0 JAMES B CUNO TRUSTEE 1.00 X 0 0 0 JAMES F ALBAUGH TRUSTEE 1.00 X 0 0 0 JEFF CHUNG TRUSTEE 1.00 X 0 0 0 JILL TERRY HALL TRUSTEE 1.00 X 0 0 0 JOHNNY C VONG TRUSTEE 1.00 X 0 0 0 JON T THOMSEN TRUSTEE 1.00 X 0 0 0 JOSEPH F HOFFMAN TRUSTEE 1.00 X 0 0 0 JULIE D FILIZETTI TRUSTEE 1.00 X 0 0 0 KATHERINE S CAHILL TRUSTEE 1.00 X 0 0 0 KONRAD CHIP R KRUGER TRUSTEE 1.00 X 0 0 0 LINDA G LEWIS TRUSTEE 1.00 X 0 0 0 LINDA HUTCHINS TRUSTEE 1.00 X 0 0 0 LUCY M JENSEN TRUSTEE 1.00 X 0 0 0 LYNN E RISTIG TRUSTEE 1.00 X 0 0 0 MARIAM K HIGGINS TRUSTEE 1.00 X 0 0 0 MICHAEL S MARTINEZ TRUSTEE 1.00 X 0 0 0 PATRICIA FARRIS TRUSTEE 1.00 X 0 0 0 PATRICK J WAITE TRUSTEE 1.00 X 0 0 0 ROBIN O BRENA TRUSTEE 1.00 X 0 0 0 SANDRA M ROWE TRUSTEE 1.00 X 0 0 0 TRUMAN W COLLINS JR TRUSTEE 1.00 X 0 0 0 3833273 0 711812 99 0 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 3209449 AMERICA CLEANING SOLUTIONS INC PO BOX 66681 PORTLAND OR 97290 JANITORIAL 1943040 TECH HEADS INCORPORATED 7070 SW FIR LOOP PORTLAND OR 97223 IT CONSULTING 599870 CARNEGIE DARTLET LLC 210 LITTLETON ROAD WESTFORD MA 01886 MARKETING 495923 ANDERSON ROOFING CO INC PO BOX 10085 PORTLAND OR 97296 CONSTRUCTION 484803 28 7701095 10851035 928063 18552130 TUITION AND FEES 611310 96215217 96215217 ROOM AND BOARD FEES 721310 10497755 10497755 AUXILIARY INCOME 611710 480432 480432 107193404 2311157 854923 1456234 1030959 989256 41703 41703 41703 31438858 31371687 67171 67171 67171 CONTRACTED SERVICES 900099 482077 482077 PARKING 812930 431251 39999 391252 TRUST DISTRIBUTIONS 525990 245284 245284 1790342 2996 1787346 2948954 131114519 107196400 894922 4471067 47903739 47903739 3455833 442707 2451016 562110 348157 185932 96030 66195 45627739 39305524 4463052 1859163 4179632 3551810 426750 201072 6626729 5501093 771621 354015 3477818 2859230 432727 185861 364997 20150 344847 371154 47950 323204 85369 85369 1707058 1707058 8857512 6219079 2377416 261017 724308 499896 220115 4297 3809890 2980736 546455 282699 2511035 2312009 66085 132941 4831993 4581253 247370 3370 1803060 1680460 51190 71410 134840 112445 11378 11017 4134577 3308382 826195 6547059 6292503 254556 1763962 16995 1746967 FOOD SERVICE 4348139 4213167 118777 16195 SPECIAL PROGRAMS 934779 915413 19366 BOOKS AND PERIODICALS 912201 912201 UBI TAX 1751 1751 488302 181595 306707 155951633 134044269 17810633 4096731 7981731 1864283 15592501 30684959 5428160 5664804 2109009 4806157 3319348 2580293 4812937 1064935 304550420 137954928 165041825 166595492 74774732 21379651 337849086 299957109 1305782 1272711 21247323 19537019 639462434 555407413 17938224 16271207 2270565 1917910 100789445 100445563 1253879 1183762 11874120 0 48179142 43978170 182305375 163796612 X 128305023 103975196 328852036 287635605 457157059 391610801 639462434 555407413 X -24837114 -37560032 -3149112 X 0 1 X 1 1 1 X 8843466 15088114 11311122 4531362 18552130 58326194 8843466 15088114 11311122 4531362 18552130 58326194 4504231 53821963 532753 380739 409393 10901 2487193 3820979 32374 4019 734469 770862 582837 1571054 1247469 174632 2908955 6484947 69402982 440628792 0.77550 0.78500 X PART II, SHORT YEAR EXPLANATION: TAX YEAR ENDING 6/30/2021 WAS A SHORT YEAR DUE TO A CHANGE IN THE ACCOUNTING PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 323103 6821091 X X X X 0 0 0 355004054 4642596 -37413887 5296481 8699815 1707040 306529427 312170019 17252066 25708055 126086 355004054 249725853 2356252 75631109 5324551 8868842 1349801 312170019 258143403 9538492 -2531632 5091731 9044858 1287821 249725853 258630480 4232851 8281150 4406926 7398561 1195591 258143403 0.14700 0.27800 0.57500 1 0 8655297 8655297 215364224 84319190 131045034 15923224 13354458 2568766 9756229 8286555 1469674 54851446 31994725 22856721 166595492 MULTI-STRATEGY LIMITED PARTNERSHIP INVESTMENT FUND 268215879 F PRIVATELY POOLED FUNDS 31741230 F 299957109 ANNUITIES AND TRUSTS PAYABLE 12269472 GOVERNMENT ADVANCES FOR STUDENT LOANS 3145931 BONDS PAYABLE 15013217 OPERATING LEASE LIABILITIES 13549550 43978170 X 98763773 -39889155 10100390 -29788765 128552538 1707058 854923 2561981 131114519 110128974 989256 989256 109139718 1707058 45104857 46811915 155951633 PART III, LINE 4: WILLAMETTE UNIVERSITY HAS A COLLECTION OF ART AND CULTURAL/HISTORICAL ARTIFACTS THAT CONSISTS OF PAINTINGS, PHOTOGRAPHS, CERAMICS, DRAWINGS, ARCHAEOLOGICAL ARTIFACTS, TEXTILES, SCULPTURES, NATIVE AMERICAN WOVEN BASKETS, AND OTHER MEDIA. THE COLLECTION IS HELD AT $6,821,091 AND IS HELD IN THE UNIVERSITY ART MUSEUM. THE MUSEUM EXISTS TO SUPPORT THE LIBERAL ARTS CURRICULUM OF WILLAMETTE UNIVERSITY AND TO SERVE AS AN INTELLECTUAL AND CULTURAL RESOURCE FOR THE CITY OF SALEM AND BEYOND, THROUGH THE COLLECTION, PRESERVATION, EXHIBITION AND INTERPRETATION OF HISTORICAL AND CONTEMPORARY ART WITH AN EMPHASIS ON REGIONAL ART. PART V, LINE 4: THE ENDOWMENT FUNDS HELD BY THE UNIVERSITY ARE USED TO SUPPORT OPERATIONS, INCLUDING FINANCIAL AID, INSTRUCTION AND BUILDINGS. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ASC 740-10, INCOME TAXES - OVERALL, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S CONSOLIDATED FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION OF TAX BENEFITS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -44,975,274. POST-RETIREMENT LIABILITY ADJUSTMENT -89,649. PLEDGE WRITE-OFFS -5,000. OTHER CHANGES IN NET ASSETS 54,181,055. RENTAL EXPENSES NETTED WITH REVENUE 989,256. ROUNDING 2. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS 854,923. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE 989,256. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 44,975,274. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 80,009. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 49,574. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY DRAWS AN AVERAGE OF 62% OF INCOMING STUDENTS FROM OUTSIDE OREGON, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, THE UNIVERSITY IS EXEMPT FROM THE REQUIREMENT TO PUBLISH THE NOTICE OF NONDISCRIMINATION POLICY IN A LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TITLE IV FUNDS FOR FINANCIAL AID PURPOSES, AS WELL AS FEDERAL AND STATE GRANTS FOR FACULTY RESEARCH AND PROGRAMMING PURPOSES. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 5 PROGRAM SERVICES STUDY ABROAD PROGRAM 976074 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDY ABROAD PROGRAM 35170 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING STUDY ABROAD PROGRAM 546372 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING STUDY ABROAD PROGRAM 14952 SOUTH AMERICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 8600 1 5 0 0 1 5 1581168 0 1581168 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 47 546372 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS EAST ASIA AND THE PACIFIC 2 35170 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 1 14952 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SOUTH AMERICA 1 8600 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES 1 0 0 0 0 0 PART I, LINE 2: SCHOLARSHIPS/GRANTS AWARDED TO STUDENTS WHO ARE STUDYING ABROAD ARE APPLIED TO THEIR STUDENT ACCOUNTS. THE SCHOLARSHIPS OFFSET TUITION AND FEES TO REDUCE THE AMOUNT THAT STUDENTS OWE TO THE UNIVERSITY. THUS, THE STUDENTS DO NOT PHYSICALLY RECEIVE THE MONEY. PROCEDURES DO NOT DIFFER FROM THOSE APPLIED TO STUDENTS WHO ARE ATTENDING ON CAMPUS, OTHER THAN VERIFICATION OF PARTICIPATION AND COMPLETION OF THE PROGRAM. THE FOLLOWING ARE THE PROCEDURES FOLLOWED BY THE UNIVERSITY FOR MONITORING THE USE OF SCHOLARSHIP/GRANT FUNDS: THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILES ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED.) PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACCRUAL METHOD. PART III ACCOUNTING METHOD: X X X X X X X 1 WEST WIND CONSULTING STRATEGIES IN FUNDRAISING LLC 120 BRINDLEY ST SUITE 7 ITHACA NY 14850 CONSULTING 0 0 62175 -62175 PENTERA INC 8650 COMMERCE PARK PL SUITE G INDIANAPOLIS IN 46268 MARKETING 0 0 23194 -23194 85369 -85369 AK AL AR AZ CA CO CT DC DE FL GA GU HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC SD TN TX UT VA VT WA WI WV WY 1 SCHOLARSHIPS TO STUDENTS 2230 44385980 HEERF STUDENT RELIEF GRANTS 514 2548293 OTHER STUDENT AWARDS AND PRIZES 192 364363 PART I, LINE 2: PROCEDURES FOR MONITORING OF SCHOLARSHIPS: THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILE ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED). PROCEDURES FOR MONITORING RESEARCH GRANTS: PROCEDURES FOR MONITORING RESEARCH GRANTS VARY DEPENDING ON THE REQUIREMENTS OF THE AWARDING ENTITY AND THE GRANT. HOWEVER, MONITORING PROCEDURES TYPICALLY INVOLVE WRITTEN AND/OR VERBAL REPORTS ON THE RESEARCH PROJECT ARE SUBMITTED DURING AND/OR AT THE CONCLUSION OF THE PROJECT; FINANCIAL REPORTS ARE PREPARED BY THE ACCOUNTING OFFICE AND SUBMITTED FOR REIMBURSEMENT OF PROJECT EXPENDITURES. FINAL PAYMENT OF GRANT FUNDS IS OFTEN CONTINGENT ON THE AFOREMENTIONED ITEMS. DEPARTMENTS AND PRINCIPAL INVESTIGATORS OR GRANT ADMINISTRATORS ARE RESPONSIBLE FOR MONITORING OF GRANT FUNDS WITH ASSISTANCE FROM THE OFFICE OF GRANTS AND STRATEGIC INITIATIVES AND THE ACCOUNTING OFFICE. PROCEDURES FOR MONITORING OTHER AWARDS AND PRIZES: AWARD/PRIZE RECIPIENTS ARE DETERMINED BY CRITERIA ESTABLISHED BY THE RESPECTIVE DEPARTMENTS. DEPENDING ON THE NATURE OF THE GRANT, DEPARTMENTS PARTNER WITH A VARIETY OF UNIVERSITY OFFICES INCLUDING FINANCIAL AID, ADVANCEMENT, GRANTS AND STRATEGIC INITIATIVES, AND ACCOUNTING TO MAKE SURE THAT THE AWARD FUNDS ARE DISBURSED CONSISTENTLY WITH THE REQUIREMENTS OF THE GRANT OR RESTRICTED FUND. PROCEDURES FOR MONITORING GRANTS, AWARDS, AND PRIZES TO INDIVIDUALS: AT TIMES, FUNDERS AWARD GRANTS OR PRIZES TO INDIVIDUAL FACULTY MEMBERS OR STUDENTS. NSF'S CAREER AWARD IS AN EXAMPLE, AS IS THE M.J. MURDOCK'S CHARITABLE TRUST'S SWANSON AWARD AND COLLEGE SCIENCE RESEARCH CONFERENCE PRIZES. IN SUCH CASES, THE UNIVERSITY RECEIVES THE FUNDS, UNLESS OTHERWISE SPECIFIED BY THE FUNDER, AND DISTRIBUTES THEM PER GRANT, AWARD OR PRIZE GUIDELINES AND UNIVERSITY FINANCIAL POLICIES AND PROCEDURES. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 STEPHEN E THORSETT PRESIDENT 421000 0 204715 0 15853 0 43277 0 110114 0 794959 0 0 0 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER 244409 0 35702 0 3839 0 24577 0 12887 0 321414 0 0 0 BRIAN GALLINI DEAN, COLLEGE OF LAW 254328 0 0 0 564 0 26235 0 24766 0 305893 0 0 0 SHANA SECHRIST GENERAL COUNSEL & VP OF HUMAN RESOURCES 214817 0 33407 0 706 0 22521 0 27016 0 298467 0 0 0 SHELBY RADCLIFFE VP FOR ADVANCEMENT 246226 0 0 0 7236 0 24765 0 9596 0 287823 0 0 0 SYMEON SYMEONIDES ALEX L PARKS DISTINGUISHED PROF. OF LAW 225936 0 0 0 14729 0 20617 0 24993 0 286275 0 0 0 ANNE GALLAGHER ASSOCIATE VP OF BUDGET & FACILITIES 155979 0 104333 0 1636 0 5056 0 8037 0 275041 0 0 0 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 230793 0 0 0 4589 0 23490 0 13805 0 272677 0 0 0 KENNETH PIFER CONTROLLER 156690 0 0 0 779 0 16603 0 75710 0 249782 0 0 0 MICHAEL HAND PROFESSOR, ATKINSON GRADUATE SCHOOL 194795 0 0 0 9260 0 19868 0 13029 0 236952 0 0 0 YVONNE TAMAYO PROFESSOR OF LAW & UNIVERSITY COUNSEL 196720 0 0 0 6568 0 17556 0 12984 0 233828 0 0 0 NORMAN WILLIAMS KEN AND CLAUDIA PETERSON PROFESSOR OF LAW 171831 0 0 0 26488 0 15467 0 13833 0 227619 0 0 0 RUTH FEINGOLD DEAN, COLLEGE OF ARTS & SCIENCES 177524 0 0 0 2873 0 18333 0 18091 0 216821 0 0 0 LISA LANDREMAN VP FOR STUDENT AFFAIRS 171521 0 0 0 1481 0 17271 0 9559 0 199832 0 0 0 TYLER REICH ASSOCIATE VP FOR ADVANCEMENT & EXEC. DIRECTOR 160633 0 0 0 296 0 16200 0 9532 0 186661 0 0 0 COLLEEN KAWAHARA CHIEF OF STAFF, ADMINISTRATIVE SECRETARY 134453 0 0 0 564 0 13444 0 2580 0 151041 0 0 0 PART I, LINE 1A THE UNIVERSITY PRESIDENT IS REQUIRED AS A CONDITION OF EMPLOYMENT TO MAINTAIN A PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE UNIVERSITY. THE HOUSING ARRANGEMENT IS FOR THE CONVENIENCE OF THE UNIVERSITY AND THE HOUSE IS USED FOR UNIVERSITY BUSINESS. CLUB MEMBERSHIPS WERE PROVIDED TO THE UNIVERSITY PRESIDENT AND ARE USED FOR UNIVERSITY BUSINESS MEETINGS. PERSONAL SERVICES CONSIST OF CUSTODIAL SERVICES FOR THE UNIVERSITY OWNED RESIDENCE OCCUPIED BY THE PRESIDENT. PART I, LINE 1B ITEMS NOTED IN LINE 1A WERE PROVIDED BASED ON EMPLOYMENT AGREEMENTS WITH THE UNIVERSITY PRESIDENT AND OTHER EMPLOYEES, AND THE UNIVERSITY FOLLOWED THE PROVISIONS OF THESE AGREEMENTS REGARDING PAYMENT/REIMBURSEMENT/ PROVISION OF THESE ITEMS. PART I, LINE 4B DURING FISCAL YEAR 2017-2018, VICE PRESIDENT FOR ADVANCEMENT SHELBY RADCLIFFE SIGNED AN AGREEMENT WHICH PROVIDES A LONGEVITY BONUS EQUAL TO 5% OF HER SALARY, PAYABLE UPON COMPLETION OF 6 YEARS OF FULL SERVICE ENDING ON MAY 31, 2023. A STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JTZ4 2016-07-14 22815181 SEE SCHEDULE K, PART VI 0 0 0 B STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JYY1 2021-05-27 79865559 SEE SCHEDULE K, PART VI 0 0 0 A 22815181 315181 9720449 12500000 2020 0 1 1 1 B 79889567 23553183 2065778 1339157 48460624 23501888 2024 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 7/14/16 (F) DESCRIPTION OF PURPOSE:THE PROCEEDS OF THE 2016 SERIES B BONDS WERE USED TO REFUND THE SERIES 2014 BONDS AND TO FUND $10 MILLION IN RESIDENCE HALL AND SPORTING FACILITIES UPGRADES. (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 5/27/21 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2021 SERIES A BONDS WERE USED TO REFUND THE SERIES 2010, SERIES 2016-A, AND SERIES 2016-C BONDS AND FUND CAMPUS MAINTENANCE AND UPGRADES. SCHEDULE K, PART II, LINE 3: (A) TOTAL PROCEEDS OF ISSUE INCLUDE $21,986 OF INVESTMENT EARNINGS. (B) TOTAL PROCEEDS OF ISSUE INCLUDE $24,008 OF INVESTMENT EARNINGS. 36650 SCHOLARSHIP TUITION ASSISTANCE RACHEL DEWEY THORSETT SPOUSE OF OFFICER STEPHEN THORSETT 31477 EMPLOYMENT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: RACHEL DEWEY THORSETT(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:SPOUSE OF OFFICER STEPHEN THORSETT X 23 323103 OPINION OF EXPERTS X 44 604960 FAIR MARKET VALUE 3 0 1 0 SCHEDULE M, PART I, COLUMN (B): THE AMOUNT REPRESENTS THE NUMBER OF ACTUAL CONTIBUTIONS RECEIVED AND NOT THE NUMBER OF ITEMS RECEIVED FOR EACH CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 2 BRIAN HUFFT AND CHIP KRUGER ARE MORE THAN 10% OWNERS IN THE SAME STARTUP VENTURE. EVA KRIPALANI AND ELIZABETH LARGE ARE BUSINESS PARTNERS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THAT CAN ONLY BE ACCESSED BY MEMBERS OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE RETURN. NEXT, THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THA CAN BE ACCESSED BY ALL MEMBERS OF THE BOARD OF TRUSTEES. THEY ARE NOTIFIED VIA EMAIL THAT THE FORM IS AVAILABLE FOR THEIR REVIEW. AFTER THE FORM HAS BEEN MADE AVAILABLE FOR REVIEW BY ALL NOTED PARTIES, IT IS MODIFIED (IF NECESSARY), FINALIZED, AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS AND KEY EMPLOYEES MUST COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND RETURN IT TO THE PRESIDENT'S OFFICE (OFFICERS AND TRUSTEES) OR THE CONTROLLER'S OFFICE (KEY EMPLOYEES) ANNUALLY. THE BOARD'S PROCESS FOR ADDRESSING CONFLICTS OF INTEREST IN ACCORDANCE WITH THE ADOPTED ABOVE-REFERENCED POLICY IS AS FOLLOWS: "IF AN INDIVIDUAL BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST, THE INDIVIDUAL SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT ON A FORM THAT GOES TO THE CHAIR OF THE AUDIT COMMITTEE AND SHALL REFRAIN FROM PARTICIPATING ON BEHALF OF THE UNIVERSITY IN THE MATTER TO WHICH THE CONFLICT RELATES UNTIL THE CONFLICT IN QUESTION HAS BEEN WAIVED OR OTHERWISE ADDRESSED BY VOTE OF THE AUDIT COMMITTEE AFTER THE MATERIAL FACTS OF THE TRANSACTION AND THE INDIVIDUAL'S INTEREST ARE DISCLOSED OR KNOWN TO THE COMMITTEE, OR OTHERWISE RESOLVED IN COMPLIANCE WITH THE OREGON NONPROFIT CORPORATION ACT (ORS CH. 65)." THE BOARD CHAIR, BOARD TREASURER, AND ADMINISTRATIVE SECRETARY TO THE BOARD MONITOR COMPLIANCE ON AN ONGOING BASIS. MONITORING ACTIVITIES MAY INCLUDE REVIEW OF MEETING MINUTES BY THE ADMINISTRATIVE SECRETARY TO IDENTIFY POTENTIAL/DEVELOPING CONFLICTS OR CONFLICTS THAT MAY HAVE ALREADY OCCURRED AND INFORMAL DISCUSSIONS WITH COMMITTEE CHAIRS OR BOARD OFFICERS TO RAISE AWARENESS OF CONFLICTS AND POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (MADE UP OF THE CHAIR, FINANCE CHAIR, AND AUDIT CHAIR) ESTABLISHES AND REVIEWS THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY. THE COMMITTEE CONSISTS OF THREE MEMBERS WHO DO NOT HAVE A CONFLICT OF INTEREST PER IRS REGULATIONS SECTION 53.4958-6(C)(1)(III). IN ORDER TO ESTABLISH AN APPROPRIATE LEVEL OF COMPENSATION, THE COMMITTEE REVIEWS A RANGE OF COMPENSATION DATA, INCLUDING REGIONAL AND NATIONAL SURVEYS. IN ADDITION, A REVIEW OF COMPENSATION AS REPORTED IN THE 990'S OF OTHER SIMILAR SIZED PRIVATE LIBERAL ARTS UNIVERSITIES IS PERFORMED. ONCE A SALARY IS DETERMINED, THE INFORMATION IS PASSED ON TO THE EXECUTIVE COMMITTEE. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN MAY OF 2022. THE COMPENSATION COMMITTEE ALSO APPROVES COMPENSATION FOR EXECUTIVE AND KEY EMPLOYEES BASED ON DATA FROM (A) POSITIONS IN SIMILARLY SITUATED INSTITUTIONS; (B) POSITIONS IN MARKETS OUTSIDE HIGHER EDUCATION WHERE APPROPRIATE; (C) INTERNAL EQUITY; AND, (D) THE KNOWLEDGE, PERFORMANCE, SKILL, AND OTHER RELEVANT FACTORS OF THE PERSON IN THE POSITION. THE COMPENSATION DATA IS COLLECTED FROM NATIONAL AND REGIONAL SURVEYS, AS WELL AS OTHER SOURCES. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN THE FISCAL YEAR ENDING 2022. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY FILED FOR TAX EXEMPTION BEFORE JULY 15, 1987 AND DID NOT HAVE A COPY OF FORM 1023 ON FILE AT THAT TIME AND IS THEREFORE NOT REQUIRED TO MAKE FORM 1023 PUBLICLY AVAILABLE. THE UNIVERSITY INSTEAD POSTS A COPY OF ITS CURRENT IRS EXEMPTION LETTER ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, BYLAWS AND ARTICLES OF INCORPORATION ARE POSTED ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A, LINE 1A THE TREASURER OF THE ORGANIZATION IS NOT CONSIDERED A TRUSTEE BUT IS CONSIDERED A MEMBER OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THIS POSITION IS REPORTED AS A DIRECTOR/TRUSTEE ON THE FORM 990 BECAUSE MEMBERS OF THE EXECUTIVE COMMITTEE HAVE THE RIGHT TO VOTE ON CERTAIN BOARD MATTERS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES AND TRUSTS -2,329,123. NONCASH EMPLOYEE BENEFITS NOT RECORDED ON FINANCIAL STATEMENTS 80,009. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -854,923. TUITION REMISSION NOT RECORDED ON FINANCIAL STATEMENTS 49,574. POST-RETIREMENT LIABILITY ADJUSTMENT -89,649. PLEDGE WRITE OFFS -5,000. WILLAMETTE ANGEL FUND LLC 900 STATE STREET SALEM OR 97301 271638088 INVESTMENT OR 22112 839058 WILLAMETTE UNIVERSITY CENTER FOR CONTEMPORARY ART & CULTURE 511 NW BROADWAY PORTLAND OR 97209 936028398 MUSEUM OF ART OR 501(C)(3) LINE 7 WILLAMETTE UNIVERSITY 1 WUE INVESTMENTS HOLDINGS LP 550 S TRYON ST SUITE 3500 CHARLOTTE NC 28202 331168742 INVESTMENT DE GLOBAL ENDOWMENT MANAGEMENT EXCLUDED 80443559 285375819 0 0 1.00000 PNCA MASTER TENANT LLC 511 NW BROADWAY PORTLAND OR 97209 464232527 HOLD, MAINTAIN, AND OPERATE PROPERTY OR WILLAMETTE UNIVERSITY EXCLUDED 989256 150831 0 1 0.99000 PNCA HOLDINGS LLC 511 NW BROADWAY PORTLAND OR 97209 464223421 DEVELOP REAL AND BUSINESS PROPERTY OR N/A 0 0 CHARITABLE REMAINDER TRUSTS (38) BENEFICIAL INTEREST OR N/A 0 IRREVOCABLE NON-QUALIFIED TRUST BENEFICIAL INTEREST OR N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 WUE INVESTMENTS HOLDINGS LP S 10785000 FAIR MARKET VALUE