2023-05-10T17:52:26-05:00 2022-06-30 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2021-07-01 910473310 WHITWORTH UNIVERSITY WHIT 5097773208 300 W HAWTHORNE ROAD SPOKANE WA 99251 KENNETH M BROWN VP, CHIEF OPERATIONS OFFICER 5097773208 2023-05-10 1 KENNETH BROWN XXX-XX-XXXX KAREN A GRIES CPA P00447603 6128764500 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z SCOTT MCQUIKIN 300 W HAWTHORNE ROAD SPOKANE WA 99251 278728139 0 X WWW.WHITWORTH.EDU X 1890 WA SINCE 1890, WHITWORTH HAS HELD FAST TO ITS FOUNDING MISSION OF PROVIDING "AN EDUCATION OF MIND AND HEART" THROUGH RIGOROUS INTELLECTUAL INQUIRY GUIDED BY DEDICATED CHRISTIAN SCHOLARS. RECOGNIZED AS ONE OF THE TOP REGIONAL COLLEGES AND UNIVERSITIES IN THE WEST, WHITWORTH UNIVERSITY HAS AN ENROLLMENT OF APPROXIMATELY 2,500 STUDENTS AS OF SPRING 2023 AND OFFERS MORE THAN 100 UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS. IN RECENT YEARS, WHITWORTH HAS ENJOYED A VERY STRONG FINANCIAL POSITION, INCREASED EXTERNAL VISIBILITY, AND THE ADDITION OF ITS FIRST DOCTORAL PROGRAMS, IN THE HEALTH SCIENCES. 37 36 2091 15 0 319120 24338552 25551040 129928650 125956274 61018866 11303368 54047 -788199 215340115 162022483 65870564 68015751 0 0 49308247 52488372 0 0 3141735 29858037 34390849 145036848 154894972 70303267 7127511 388239999 369174535 115593717 113749497 272646282 255425038 X SINCE 1890, WHITWORTH HAS HELD FAST TO ITS FOUNDING MISSION OF PROVIDING "AN EDUCATION OF MIND AND HEART" THROUGH RIGOROUS INTELLECTUAL INQUIRY GUIDED BY DEDICATED CHRISTIAN SCHOLARS. 0 0 116506534 64220774 113691033 WHITWORTH UNIVERSITY'S ENROLLMENT (FALL 2021-22): UNDERGRADUATE: 2,534 GRADUATE: 374. SIX-YEAR GRADUATION RATE (2021-22): 75.1 PERCENT OF FIRST-TIME, FULL-TIME STUDENTS ENROLLED IN FALL 2014 GRADUATED WITHIN SIX YEARS. FRESHMAN-TO-SOPHOMORE RETENTION RATE (2021-22): 78.2 PERCENT. THE UNIVERSITY UNDERGRADUATE STUDENT BODY HAS A COMPOSITION OF 66%/34% WHITE/NON-WHITE; 61%/39% FEMALE/MALE AND REPRESENTATION OF 43 FOREIGN NATIONS. THE UNIVERSITY OFFERS MORE THAN 100 UNDERGRADUATE, 30 GRADUATE DEGREE PROGRAMS, AND 2 DOCTORATE PROGRAMS; THE MOST PROMINENT UNDERGRADUATE DEGREES ARE BUSINESS/ECONOMICS, HEALTH SCIENCE, BIOLOGY, EDUCATION, MATH AND COMPUTER SCIENCE, AND PSYCHOLOGY. FISCAL YEAR 2021-22 IS ALSO THE 21ST YEAR IN A ROW THAT WHITWORTH UNIVERSITY HAS BEEN IN THE TOP RANKINGS OF U.S. NEWS AND WORLD REPORT. 4031251 3794977 6744977 STUDENT SERVICES: WHITWORTH'S RESIDENCE HALLS, ON-CAMPUS HOUSES, AND APARTMENTS ACCOMMODATE OVER 900 STUDENTS (FALL 2021). WHITWORTH HAS A TWO-YEAR RESIDENCY REQUIREMENT. THE UNIVERSITY OFFERS 9 HALLS AND 26 THEME HOUSES. STUDENT CLUBS AND ORGANIZATIONS: WHITWORTH HAS OVER 40 STUDENT CLUBS, RANGING FROM AMNESTY INTERNATIONAL TO THE HAWAIIAN CLUB. 3379258 5520264 AUXILIARY SERVICES: WHITWORTH UNIVERSITY PROVIDES DINING SERVICES TO OVER 900 RESIDENT STUDENTS AND TO THE MANY OTHER STUDENTS WHO LIVE OFF CAMPUS. IN FISCAL YEAR 2021-22, AUXILIARY SERVICES GENERATED GROSS REVENUES OF OVER $12 MILLION, WHICH HELPED SUPPORT THE ACADEMIC AND STUDENTS SERVICES PROVIDED TO THE NEARLY 3,000 UNDERGRADUATE AND GRADUATE STUDENTS REGISTERED AT THE UNIVERSITY. 123917043 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 1 0 0 1 176 0 1 2091 1 1 1 1 CS CJ 0 0 0 1 1 0 0 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CA CO MA NH SC WA X X TAYLOR HOFFARD 5097773208 300 W HAWTHORNE ROAD SPOKANE WA 99251 SCOTT MCQUILKIN INTERIM PRESIDENT AND VP INSTITUTIONAL ADVANCEMENT 40.00 10.00 X X 266945 0 24548 BRIAN KIRKPATRICK TRUSTEE, CHAIR 1.00 X X 0 0 0 SCOTT CHANDLER TRUSTEE, VICE CHAIR 1.00 X X 0 0 0 JAMES BENNETT TRUSTEE, TREASURER 1.00 X X 0 0 0 SHELLY O'QUINN TRUSTEE, SECRETARY 1.00 X X 0 0 0 ANDREA LAIRSON TRUSTEE 1.00 X 0 0 0 ANDREW ERICKSON TRUSTEE 1.00 X 0 0 0 ANDREW ROBBLEE TRUSTEE 1.00 X 0 0 0 ANNE STORM TRUSTEE 1.00 X 0 0 0 BARBARA RICHTER TRUSTEE 1.00 X 0 0 0 BRENDA WILLIAMS TRUSTEE 1.00 X 0 0 0 CHARLES BOPPELL TRUSTEE 1.00 X 0 0 0 DAVID FLESHER TRUSTEE 1.00 X 0 0 0 DAVID MYERS TRUSTEE 1.00 X 0 0 0 DAVID NELSON TRUSTEE 1.00 X 0 0 0 ERIC PETERSON TRUSTEE 1.00 X 0 0 0 FRED STOCKTON TRUSTEE 1.00 X 0 0 0 GARY HOPKINS TRUSTEE 1.00 X 0 0 0 JASON THACKSTON TRUSTEE 1.00 X 0 0 0 JENNIFER RATCLIFFE TRUSTEE 1.00 X 0 0 0 JEREMIAH CASE TRUSTEE 1.00 X 0 0 0 JOCELYN WILSON TRUSTEE 1.00 X 0 0 0 JOHN KAITES TRUSTEE 1.00 X 0 0 0 JOSHUA HUG TRUSTEE 1.00 X 0 0 0 JULIE LEVI TRUSTEE 1.00 X 0 0 0 KELLY HOSTETLER TRUSTEE 1.00 X 0 0 0 KENNETH ROBERTS TRUSTEE 1.00 X 0 0 0 LAWANDA DENICE RANDLE TRUSTEE 1.00 X 0 0 0 MARK BENSON TRUSTEE 1.00 X 0 0 0 NANCY TRUMBLE FOX TRUSTEE 1.00 X 0 0 0 OCTAVIO MORALES TRUSTEE 1.00 X 0 0 0 PAUL CUNNINGHAM TRUSTEE 1.00 X 0 0 0 PETER BARNES TRUSTEE 1.00 X 0 0 0 RANDY CLARK TRUSTEE (TERM 1/2021) 1.00 X 0 0 0 ROBYN HOGUE TRUSTEE 1.00 X 0 0 0 SCOTT DUDLEY TRUSTEE 1.00 X 0 0 0 TERRI WILSON TRUSTEE (TERM 4/2021) 1.00 X 0 0 0 TRAVIS DOWNS TRUSTEE 1.00 X 0 0 0 WALTER OLIVER TRUSTEE 1.00 X 0 0 0 LAWRENCE PROBUS VP FOR FINANCE & ADMIN 40.00 5.00 X 193608 0 20198 GREG ORWIG VP ADMISSIONS & STUDENT FIN. SVCS. 40.00 X 158986 0 64432 GREGOR THUSWALDNER PROVOST & EXECUTIVE VP 40.00 X 183324 0 20864 RHOSETTA RHODES VP STUDENT LIFE & DEAN OF STUDENTS 40.00 X 162108 0 10852 TIMOTHY WILKINSON DEAN, SCHOOL OF BUSINESS 40.00 X 174204 0 19877 FORREST BUCKNER DEAN OF SPIRITUAL LIFE 40.00 X 162848 0 14979 GREGORY WINTZ DIRECTOR OF OCCUPATIONAL THERAPY 40.00 X 158590 0 15469 RONALD JACOBSON DEAN, SCHOOL OF EDUCATION 40.00 X 156472 0 9224 SINEAD J VOORHEES ASSISTANT DEAN, GRAD. PROG. & DIR. 40.00 X 155946 0 0 BECK TAYLOR FORMER TRUSTEE & PRES. (TERM 6/2021) 40.00 5.00 X 302100 0 25270 2075131 0 225713 41 1 1 0 WALKER CONSTRUCTION PO BOX 3901 SPOKANE WA 992203901 CONSTRUCTION/LANDSCAPE 7873101 SODEXO CAMPUS SERVICES 9801 WASHINGTONIAN BLVD MS 31 GAITHERSBURG MD 20878 FOOD SERVICES 4604444 ELLUCIAN COMPANY LP 4 COUNTRY VIEW RD MALVERN PA 19355 SOFTWARE PROVIDER 1001273 AM LANDSHAPER 8004 N MARKET ST SPOKANE WA 992178107 CONSTRUCTION/LANDSCAPE 795572 GRAHAM CONSTRUCTION & MANAGEMENT 10600 E CRESCENT MOON DR SCOTTSDALE AZ 852628342 CONSTRUCTION/LANDSCAPE 645061 45 4024401 527347 8445166 12554126 271709 25551040 TUITION AND FEES 611710 113691033 113691033 AUXILIARY ENTERPRISES 611710 12265241 12265241 125956274 9907451 9907451 117249349 115853432 1395917 1395917 1395917 64025 4024401 852224 -788199 -788199 162022483 125956274 0 10515169 68015751 68015751 1640973 295278 1063881 281814 37835662 25975713 10532179 1327770 2317584 1671146 579700 66738 7997084 5499186 2263719 234179 2697069 1807036 782150 107883 68356 47849 13671 6836 137830 79941 55132 2757 8194 8194 1239135 743481 458480 37174 1221751 1221751 925622 657192 259174 9256 2258526 1016337 1129263 112926 2631440 1763065 789432 78943 5860 5860 2931301 2432980 469008 29313 1835052 1468041 275258 91753 2105587 1579190 484285 42112 3655096 1462038 1937201 255857 5294937 5294937 326115 179363 130446 16306 BOARD DINING/CATERING 4224073 3379258 464648 380167 EQUIPMENT/REPAIRS/OTHER 3644552 3644552 MEMBERSHIP, PUBLICATION 1029465 463261 514733 51471 FED GRANT ADMIN EXPENSE 847957 508774 330703 8480 154894972 123917043 27836194 3141735 11024828 10189081 10224508 8425878 3744239 3912900 2297361 1840613 93941 91460 1197308 1993665 245237350 111185291 129010580 134052059 134760095 84729714 54688587 88414113 41198552 35525052 388239999 369174535 9942998 8464553 1752953 1232626 4015919 2624473 86866796 90375248 6785000 5130000 6230051 5922597 115593717 113749497 X 74662134 76712074 197984148 178712964 272646282 255425038 388239999 369174535 X 7127511 -22525641 -1823114 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 8194 1 0 0 8194 0 PART II-B, LINE 1: THE UNIVERSITY BELONGS TO THE INDEPENDENT COLLEGES AND UNIVERSITIES OF WASHINGTON, THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, AND THE COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES, AND AS SUCH PARTICIPATES IN THE LOBBYING ACTIVITIES OF SUCH ORGANIZATIONS. THE VARIOUS ORGANIZATIONS INDICATED A TOTAL OF $8,194 WAS SPENT ON LOBBYING ACTIVITIES. 203207179 1751791 -21814920 183144050 165245719 3685641 39013233 4737414 203207179 156047569 3664905 10025652 4492407 165245719 151179044 1966607 7201718 4299800 156047569 141884815 4575301 9436289 4018807 698554 151179044 0.09410 0.56759 0.33831 1 0 5631313 5631313 220089148 95242681 124846467 19516889 15942610 3574279 134052059 REAL ESTATE INVESTMENT 14734140 F NOTES REC. COLL/REAL ESTATE 23000 F SINGLE PREMIUM LIFE INS. POLICY 171890 F LIMITED PARTNERSHIPS 2712712 F PRIVATE EQUITY FUNDS 16381536 F HEDGE FUNDS 6452958 F DOMESTIC CORPORATE FUNDS 3379431 F GLOBAL EQUITY INDEX 44558446 C 88414113 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 29515444 DEPOSITS HELD BY TRUSTEE 5009608 OTHER ASSETS - COSTA RICA LAND 1000000 35525052 STUDENT DEPOSITS 3622510 ASSET RETIREMENT OBLIGATION 1244725 INTEREST RATE EXCHANGE LIABILITY 1055362 5922597 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE MAINLY USED TO PROVIDE SCHOLARSHIP SUPPORT TO STUDENTS SO THAT THEY CAN ATTEND THE UNIVERSITY. SOME OF THE FUNDS ARE ALSO USED TO PROVIDE FUNDING SUPPORT FOR RESEARCH AND DEPARTMENTAL ACTIVITIES. PART X, LINE 2: THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS PUBLISHED IN ALL STUDENT BROCHURES AND WEBSITES. THE POLICY IS ALSO PUBLISHED IN THE LOCAL NEWSPAPER AT LEAST ONCE DURING THE FISCAL YEAR. SCHEDULE E, PART I, LINE 6 WHITWORTH UNIVERSITY PARTICIPATES IN THE FEDERAL FINANCIAL AID PROGRAM AND AS SUCH, MANAGES FEDERAL AND STATE AID THAT IS ALLOCATED TO THE STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN 1 2 PROGRAM SERVICES CARING OF ASSETS FORMERLY USED FOR ACADEMIC PROGRAM 133778 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 1791453 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES TRAVEL ABROAD PROGRAM 280300 EUROPE 0 0 PROGRAM SERVICES TRAVEL ABROAD PROGRAM 380323 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TRAVEL ABROAD PROGRAM 134939 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TRAVEL ABROAD PROGRAM 60034 1 2 0 0 1 2 2780827 0 2780827 1 0 1 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 4: NO STUDENTS PARTICIPATED IN STUDY ABROAD PROGRAMS DURING THE FISCAL YEAR ENDED JUNE 30, 2022, DUE TO COVID RESTRICTIONS. SCHEDULE F, PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE UNIVERSITY TO FILE FORM 8621. SCHEDULE F, PART IV, LINE 5: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENTS OF FORM 8865 AS A RESULT. PRESIDENT'S GATHERING 3964251 3964251 261911 192670 352554 PIRATE NIGHT 81410 51650 29760 1860 3147 10568 2382 1 42765 8500 34265 335 26109 338 350 4088426 4024401 64025 1860 335 29256 272817 192670 355286 852224 -788199 1 FINANCIAL AID FOR TUITION, ROOM AND BOARD EXPENSES 2503 64220774 HIGHER EDUCATION EMERGENCY RELIEF FUND (STUDENT PORTION) 1356 3794977 PART I, LINE 2: STUDENTS MUST SUBMIT THEIR FAFSA FEDERAL FORM TO DOCUMENT THEIR NEED FOR FEDERAL FINANCIAL AID. ONCE THE FINANCIAL AID IS AWARDED, THE GRANTS ARE TRANSMITTED TO THE STUDENTS' INSTITUTIONAL ACCOUNTS TO PAY FOR TUITION CHARGES, THERE IS ALSO A FOLLOW UP PROCESS DURING THE SEMESTER AND SCHOOL YEAR TO ENSURE ACADEMIC CREDITS COMPLETION AND SATISFACTORY ACADEMIC PROGRESS BEFORE ADDITIONAL FINANCIAL AID IS AWARDED. X X X X X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 BECK TAYLOR FORMER TRUSTEE & PRES. (TERM 6/2021) 237305 0 0 0 64795 0 8000 0 17270 0 327370 0 0 0 SCOTT MCQUILKIN INTERIM PRESIDENT AND VP INSTITUTION 266430 0 0 0 515 0 16990 0 7558 0 291493 0 0 0 GREG ORWIG VP ADMISSIONS & STUDENT FIN. SVCS. 158986 0 0 0 0 0 10034 0 54398 0 223418 0 0 0 LAWRENCE PROBUS VP FOR FINANCE & ADMIN 193608 0 0 0 0 0 11858 0 8340 0 213806 0 0 0 GREGOR THUSWALDNER PROVOST & EXECUTIVE VP 183324 0 0 0 0 0 11856 0 9008 0 204188 0 0 0 TIMOTHY WILKINSON DEAN, SCHOOL OF BUSINESS 174204 0 0 0 0 0 11121 0 8756 0 194081 0 0 0 FORREST BUCKNER DEAN OF SPIRITUAL LIFE 162848 0 0 0 0 0 6932 0 8047 0 177827 0 0 0 GREGORY WINTZ DIRECTOR OF OCCUPATIONAL THERAPY 158590 0 0 0 0 0 8512 0 6957 0 174059 0 0 0 RHOSETTA RHODES VP STUDENT LIFE & DEAN OF STUDENTS 162108 0 0 0 0 0 9681 0 1171 0 172960 0 0 0 RONALD JACOBSON DEAN, SCHOOL OF EDUCATION 156472 0 0 0 0 0 8147 0 1077 0 165696 0 0 0 SINEAD J VOORHEES ASSISTANT DEAN, GRAD. PROG. & DIR. 155946 0 0 0 0 0 0 0 0 0 155946 0 0 0 PART I, LINE 1A THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S PRESIDENT ARE ADOPTED AND APPROVED BY AN EXECUTIVE COMPENSATION COMMITTEE WHICH IS A SUB-COMMITTEE OF THE BOARD OF TRUSTEES. TAX IDEMNIFICATION AND GROSS-UP PAYMENTS FOR SOME PAYMENTS AND SOCIAL CLUB DUES WERE INCLUDED IN THE TAXABLE INCOME FOR BECK TAYLOR, PRESIDENT OF THE UNIVERSITY. THE PRESIDENT WAS ALSO PROVIDED WITH A RESIDENCE FOR PERSONAL USE AND PERSONAL CLEANING SERVICES AS A CONDITION OF EMPLOYMENT BECAUSE HE IS REQUIRED TO LIVE ON CAMPUS AND ENTERTAIN VISITORS ON BEHALF OF THE UNIVERSITY. A HOUSING ALLOWANCE OF $13,559 IS INCLUDED WITH NON-TAXABLE BENEFITS FOR BECK TAYLOR ON SCHEDULE J, PART II, COLUMN (D). PART I, LINE 4B DR. BECK TAYLOR PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN UNDER SECTION 457(F). A $34,000 NON-VESTED CONTRIBUTION WAS MADE DURING CALENDAR YEAR 2021. THESE AMOUNTS ARE INCLUDED IN PART II, COLUMN B(III). A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 9397814T4 2022-01-04 21473311 SEE PART VI 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 9397812G4 2019-12-20 19485000 SEE PART VI 0 0 0 C WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781V31 2016-12-22 50409479 SEE PART VI 0 0 0 A 21474639 347026 16118032 5009581 1 0 0 1 B 20828660 219394 328744 20302538 7250790 2022 0 0 0 1 C 7745000 52041213 532079 4042074 47467060 2020 0 1 0 1 A 0 1 1 1 0 0 0 1 B 0 0 0 0 0 0 1 C 0 1 1 1 0 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, COLUMN A: PART I (F): THE BONDS WERE ISSUED TO FINANCE THE CONSTRUCTION OF AND IMPROVEMENTS TO FACILITIES LOCATED ON THE BORROWER'S CAMPUS AND TO CURRENTLY REFUND THE AUTHORITY'S SERIES 2012 BONDS ORIGINALLY ISSUED ON MARCH 1, 2012. PART II, LINE 3: THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, 2(B): THE CURRENT REFUNDING PORTION MET THE 6-MONTH EXCEPTION. SCHEDULE K, COLUMN B: PART I (F) - THE BONDS WERE ISSUED TO PROVIDE FUNDS FOR THE FINANCING OF CERTAIN CAPITAL FACILITIES INCLUDING THE HEALTH SCIENCE BUILDING, THE NEW TRADES/FACILITY SERVICES BUILDING, COWLES AUDITORIUM AND THE ATHLETIC LEADERSHIP CENTER. PART II, LINE 3: THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, COLUMN C: PART I (F): THE BONDS WERE ISSUED FOR THE CONSTRUCTION OF AN ATHLETIC BUILDING AND TO REFUND THE SERIES 2009 BONDS ORIGINALLY ISSUED ON NOVEMBER 4, 2009. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, 2(C): THE REBATE COMPUTATION FOR SERIES 2016A WAS COMPLETED ON JANUARY 25, 2021 AND NO ARBITRAGE REBATE WAS DUE. AVISTA UTILITIES JASON THACKSTON (TRUSTEE) IS AN OFFICER OF AVISTA UTILITIES. 1415641 UTILITY EXPENSE 0 X 6 266764 FAIR MARKET VALUE X GALA AUCTION 3 4945 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER ON COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM, THEN REVIEWED BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD. THE PUBLIC VERSION OF FORM 990 IS THEN PLACED IN A SECURE WEBSITE FOR INSPECTION AND REVIEW BY THE FULL BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C STAFF AND FACULTY: AT THE BEGINNING OF THE YEAR, WE TIE THE COMPLETION OF THE CONFLICT OF INTEREST DISCLOSURE FORM TO BEING ABLE TO AUTHORIZE OR REQUEST ANY PAYMENT FOR THE UNIVERSITY. THIS IS TRACKED IN A DATABASE. TRUSTEES: THE SECRETARY OF THE BOARD ENSURES THAT EVERY TRUSTEE COMPLETES THE DISCLOSURE FORM EVERY FALL MEETING. IF ANYONE'S FORM IS MISSING, SHE OR HER ASSISTANT FOLLOW UP UNTIL THE FORM IS COMPLETED. THEN, THE AUDIT COMMITTEE REVIEWS THOSE FORMS WITH DISCLOSED CONFLICT DURING THE FALL MEETING FOR THE STAFF AND FACULTY AND DURING THE SPRING FOR TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT WAS REVIEWED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IN JANUARY 2022, DURING DR. MCQUILKIN'S APPOINTMENT PROCESS. THE PROCESS INVOLVED AN INDEPENDENT ANALYSIS BY AN OUTSIDE CONSULTANT WHO COMPARED COMPENSATION FOR THIS INDIVIDUAL AGAINST PEER INSTITUTIONS. COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS REVIEWED BY HUMAN RESOURCES USING INDEPENDENT ANALYSIS BY AN OUTSIDE CONSULTANT WHO COMPARED COMPENSATION FOR THESE INDIVIDUALS AGAINST PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE AT THE UNIVERSITY'S WEBSITE. FORM 990, PART XI, LINE 9: ADJUSTMENT TO PRIOR SERVICE COST AND ACTUARIAL LIABILITY FOR RETIREE HEALTH 133,455. CHANGE IN VALUE OF OUTSIDE TRUSTS -1,956,569. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS OF THE AUDIT OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE CURRENT YEAR. THE WHITWORTH FOUNDATION 300 W HAWTHORNE RD SPOKANE WA 99251 237232067 FUNDRAISING SUPPORT FOR WHITWORTH UNIVERSITY WA 501(C)(3) 11B WHITWORTH UNIVERSITY 1 EMPLOYER CONTRIBUTION VEBA TRUST WHITWORTH UNIVERSITY 300 W HAWTHORNE RD SPOKANE WA 99251 454667885 RETIREE MEDICAL BENEFITS WA 501(C)(9) 0 EMPLOYEE CONTRIBUTION VEBA TRUST WHITWORTH UNIVERSITY 300 W HAWTHORNE RD SPOKANE WA 99251 454667994 RETIREE MEDICAL BENEFITS WA 501(C)(9) 0 WHITWORTH COSTA RICA LIMITADA CALLE 7 AVENIDAS 7 Y 9 EDIFICIO SAN JOSE CS EDUCATIONAL INSTITUTION CS WHITWORTH UNIVERSITY C 134603 1027604 1.00000 1 CHARITY REMAINDER UNITRUSTS (20) CHARITABLE TRUST WA N/A T 0 CHARITY REMAINDER ANNUITY TRUSTS (1) CHARITABLE TRUST WA N/A T 0 LIFE ANNUITY TRUSTS (65) CHARITABLE TRUST WA N/A T 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 THE WHITWORTH FOUNDATION C 527347 CASH CONTRIBUTION WHITWORTH COSTA RICA LIMITADA B 133778 CASH EMPLOYER CONTRIBUTION VEBA TRUST R 66273 CASH