2025-05-14T15:20:49-05:00 2024-06-30 135565207 KPMG LLP 401 UNION STREET SUITE 2800 SEATTLE WA 98101 990 2023-07-01 930386892 PACIFIC UNIVERSITY PACI 5033522819 2043 COLLEGE WAY FOREST GROVE OR 97116 MARK DENNEY VP FINANCE & ADMINISTRATION 5033522819 2025-05-14 1 1 KYLE C SWARTHOUT P00951911 2069134000 2023 2025-03-06 01:10:19Z MARK DENNEY 2043 COLLEGE WAY FOREST GROVE OR 97116 200168350 0 X WWW.PACIFICU.EDU X 1849 OR A DIVERSE SUSTAINABLE COMMUNITY DEDICATED TO DISCOVERY AND EXCELLENCE IN TEACHING, SCHOLARSHIP, AND PRACTICE, PACIFIC INSPIRES STUDENTS TO THINK, CARE, AND PURSUE JUSTICE IN OUR WORLD 34 33 3846 535 252311 0 10549615 15342416 163638803 165661704 5253168 3979079 0 0 179441586 184983199 43653818 46859561 0 0 88043043 84156099 0 0 5218048 42935434 48537449 174632295 179553109 4809291 5430090 328042784 333862491 133162674 127086793 194880110 206775698 X A DIVERSE AND SUSTAINABLE LEARNING COMMUNITY DEDICATED TO DISCOVERY AND EXCELLENCE IN TEACHING, SCHOLARSHIP AND PRACTICE, PACIFIC UNIVERSITY INSPIRES STUDENTS TO THINK, CARE, CREATE AND PURSUE JUSTICE IN OUR WORLD. 0 0 29607451 147785559 INSTRUCTION - ACADEMIC DEPARTMENTS PROVIDE EDUCATIONAL SERVICES TO ATTENDING STUDENTS. 46859561 46859561 GRANTS AND SCHOLARSHIPS - THE UNIVERSITY PROVIDES MONETARY SUPPORT THROUGH GRANTS, SCHOLARSHIPS, AND FINANCIAL AID TO QUALIFIED STUDENTS. 32687670 15474089 OTHER STUDENT SUPPORT SERVICES - DORM, CAFETERIA AND ACTIVITIES ARE PROVIDED TO STUDENTS TO ENHANCE THE ACADEMIC SOCIAL ENVIRONMENT AT THE UNIVERSITY. 22498151 2149719 OTHER PROGRAM SERVICES 22498151 2149719 131652833 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 452 0 1 3846 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR CA X X TAMMY SANDERS 5033522819 2043 COLLEGE WAY FOREST GROVE OR 97116 DR JENNIFER L COYLE PRESIDENT 40.00 X X 502255 0 18435 AMELIE BRAZELTON AUST TRUSTEE 1.00 X 0 0 0 BRAEDEN TITUS STUDENT TRUSTEE 1.00 X 0 0 0 CHRIS TUFFLI TRUSTEE 1.00 X 0 0 0 CHUCK QUINN TRUSTEE 1.00 X 0 0 0 DAN JAMES TRUSTEE 1.00 X 0 0 0 DAVID TRIEBES TRUSTEE 1.00 X 0 0 0 EUGENE ZURBRUGG TRUSTEE 1.00 X 0 0 0 GARY A PACARRO TRUSTEE 1.00 X 0 0 0 GERALD C YOSHIDA TRUSTEE 1.00 X 0 0 0 GREG DINGES TRUSTEE 1.00 X 0 0 0 HEIDI NIELSEN TRUSTEE 1.00 X 0 0 0 JAMES BAKER TRUSTEE 1.00 X 0 0 0 JAMES L FITZGERALD TRUSTEE 1.00 X 0 0 0 JILL DOLATA FACULTY TRUSTEE 1.00 X 0 0 0 JULIA BRIM-EDWARDS TRUSTEE 1.00 X 0 0 0 JULIE BERGLUND BAKER TRUSTEE 1.00 X 0 0 0 KELLI GEHRS TRUSTEE 1.00 X 0 0 0 LORELY FRENCH FACULTY TRUSTEE 1.00 X 0 0 0 MANUEL CASTANEDA TRUSTEE 1.00 X 0 0 0 MARK FRANDSEN TRUSTEE 1.00 X 0 0 0 MARK TRUAX TRUSTEE 1.00 X 0 0 0 MARTIN MOLL TRUSTEE 1.00 X 0 0 0 MATTHEW D LOWE TRUSTEE 1.00 X 0 0 0 MICHAEL E HUDSON SR TRUSTEE 1.00 X 0 0 0 MICHAEL HENNINGSEN JR TRUSTEE 1.00 X 0 0 0 NANCY M PHILLIPS TRUSTEE 1.00 X 0 0 0 NORMAN SCOTT TRUSTEE 1.00 X 0 0 0 NOUR ABU-HALTAM STUDENT TRUSTEE 1.00 X 0 0 0 PATRICK CH CLARK TRUSTEE 1.00 X 0 0 0 RICHARD B MILES TRUSTEE 1.00 X 0 0 0 ROBERT O BARRETT TRUSTEE 1.00 X 0 0 0 SHERI GARBODEN TRUSTEE 1.00 X 0 0 0 TOMMY THAYER TRUSTEE 1.00 X 0 0 0 ANN BARR-GILLESPIE VP OF ACADEMIC AND PROVOST 40.00 X 261965 0 10990 JAMES LANGSTRAAT VP FINANCE & ADMINISTRATIO 40.00 X 278093 0 9281 DAVID SCHOLNICK PROFESSOR 40.00 X 260000 0 0 MARY VON VICE PROVOST & EXEC DEAN 40.00 X 250389 0 18746 FRASER HORN DEAN, COLLEGE OF OPTOMETRY 40.00 X 239001 0 28224 JENNIFER ELAINE YRUEGAS DEAN, COLLEGE OF BUSINESS 40.00 X 220757 0 28224 2012460 0 113900 133 0 1 0 WALSH CONSTRUCTION COMPANY 2905 SW 1ST AVE PORTLAND OR 97201 CONTRACTOR 5258910 BON APPETIT MANAGEMENT PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 5037748 FIVE STAR BUILDERS INC PO BOX 555 BANKS OR 97106 CONTRACTOR 1247121 LEGACY GENERAL CONTRACTING LLC 47980 SW FLUKE DR GASTON OR 97119 CONTRACTOR 1023692 AMERICAN HEATING INC 5035 SE 34TH AVE PORTLAND OR 97202 CONTRACTOR 705601 15 2864244 12478172 614814 15342416 TUITION AND FEES 611600 147785559 147785559 AUXILIARY SERVICES 532000 15726426 15474089 252337 CLINICAL SERVICES 621400 2149719 2149719 165661704 3708119 -26 3708145 15456111 15185151 270960 270960 270960 184983199 165409367 252311 3979105 46859561 46859561 1273313 827653 394727 50933 60044977 39029235 18613943 2401799 4637305 3014248 1437565 185492 13908224 9040346 4311549 556329 4292280 2789982 1330607 171691 968608 968608 768833 768833 349601 349601 155318 155318 3410563 2216866 1057275 136422 2387716 1552015 740192 95509 4037474 2624358 1251617 161499 2669139 1734940 827433 106766 7310900 4752085 2266379 292436 1368827 889738 424336 54753 ADMINISTRATION COSTS 14300381 9295248 4433118 572015 CONTRACTUAL SERVICES 5876366 3819638 1821673 235055 CATERING MEAL SERVICE 4180345 2717224 1295907 167214 EQUIPMENT 753378 489696 233547 30135 179553109 131652833 42682228 5218048 45739526 21773292 106061 21202479 6303542 5688407 5209417 5009670 6221599 5873673 374289 382807 4766082 3927941 262329269 114443583 141816314 147885686 45733180 49663535 15174375 16949219 56598399 55505782 328042784 333862491 4409111 4422232 9028172 8070191 73749185 70837835 997811 865265 44978395 42891270 133162674 127086793 X 107821075 108013339 87059035 98762359 194880110 206775698 328042784 333862491 X 5430090 6144550 320948 X 0 1 X 1 1 1 X 10801115 13165374 12537520 10549615 15342416 62396040 10801115 13165374 12537520 10549615 15342416 62396040 496219 61899821 2262208 7620445 336896 3845030 3708119 17772698 20325 20325 80189063 0.77190 0.77290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2019 AMOUNT: $ 20,325. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59464673 1094032 7198227 2945565 64811367 57128420 1411373 3205537 2280657 59464673 61835965 1187235 -3961359 773963 1159458 57128420 51421858 1031605 11363652 968321 1012829 61835965 50730267 1709195 892151 947993 961762 51421858 0.21890 0.49010 0.29100 0 0 7321595 7321595 197819629 85307352 112512277 26946009 22495471 4450538 30242036 6640760 23601276 147885686 PRIVATE EQUITY 10716997 F HEDGE FUNDS 4603492 F REAL ESTATE 1628730 F 16949219 DEPOSITS WITH THE BOND TRUSTEE 985523 FUNDS HELD IN TRUST BY OTHERS 26776626 OPERATING LEASE ROU ASSETS 27743633 55505782 OPERATING LEASE LIABILITY 29701355 SALARIES PAYABLE AND COMPENSATED ABSENCES 3289553 REFUNDABLE DEPOSITS 2763980 CAPITAL LEASE OBLIGATION 26069 ASSET RETIREMENT OBLIGATION 754595 EMPLOYEE BENEFITS 228999 US GOVERNMENT GRANTS REFUNDABLE 4795170 ANNUITIES PAYABLE AND OTHER LIABILITIES 221459 CITY OF FOREST GROVE 2021A SERIES TAXABLE BONDS 1110090 42891270 X 144589136 6144550 320948 6465498 138123638 46859561 46859561 184983199 132693548 0 132693548 46859561 46859561 179553109 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO HELP THE UNIVERSITY PLAN BEYOND THE CURRENT YEAR. THE FUND GROWS EACH YEAR THROUGH ADDITIONAL GIFTS AND SUCCESSFUL INVESTING. THE ENDOWMENT PRIMARILY PROVIDES FUNDING FOR SCHOLARSHIPS, PROFESSORSHIPS AND OTHER SCHOOL PROGRAMS EACH YEAR. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE UNIVERSITY AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME UNDER SECTIONS 511 THROUGH 515. MANAGEMENT BELIEVES THAT UNRELATED BUSINESS INCOME TAX, IF ANY, IS IMMATERIAL, AND THEREFORE, NO TAX PROVISION HAS BEEN MADE. THE UNIVERSITY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FASB ASC SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT 109, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S 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. FASB ASC 740-10 ALSO PROVIDES RELATED GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 320,948. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 46,859,561. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 46,859,561. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 DUE TO THE SIZE OF THE SCHOOL, ITS GEOGRAPHICAL LOCATION, AND THE COMMUNITY IT SERVES, THE NON-DISCRIMINATION POLICY AND RACIAL COMPOSITION OF THE STUDENT BODY IS WELL-KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED AND IS PUBLISHED LOCALLY. SCHEDULE E, PART I, LINE 6 PACIFIC UNIVERSITY RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES, INCLUDING US GOVERNMENT GRANTS, LOANS AND OTHER GOVERNMENT GRANTS. 1 ACADEMIC AWARDS/SCHOLARSHIPS 1740 43849348 0 ENDOWED SCHOLARSHIPS 306 656466 0 RESTRICTED NAMED SCHOLARSHIPS 268 1100109 0 TUITION EXCHANGE WAIVERS 19 941392 0 TUALATIN ACADEMIC WAIVERS 25 312246 0 PART I, LINE 2: PACIFIC UNIVERSITY AWARDS FEDERAL AND STATE AID ONLY TO U.S. CITIZENS AND ELIGIBLE NON-CITIZENS. ELIGIBLE NON-CITIZENS ARE DEFINED AS THOSE LIVING IN THE U.S. FOR "OTHER THAN A TEMPORARY PURPOSE; THEY CAN POSSESS A VARIETY OF DOCUMENTS WHICH DEMONSTRATE THAT STATUS, INCLUDING I-551S AND I-94S WITH CERTAIN STAMPS. APPLICANTS WHO FILE A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) HAVE THEIR FAFSA DATA MATCHED WITH DATA IN SEVERAL FEDERAL DATABASES, INCLUDING THE SOCIAL SECURITY ADMINISTRATION AND THE DEPARTMENT OF HOMELAND SECURITY. WHEN THOSE DATABASE MATCHES ARE NOT SUCCESSFUL, WE OBTAIN DOCUMENTATION FROM THE APPLICANTS TO ENSURE THAT WE ARE AWARDING FEDERAL AND STATE AID ONLY TO ELIGIBLE RECIPIENTS. THAT DOCUMENTATION BECOMES PART OF THEIR FINANCIAL AID FILES AND IS RETAINED FOR AT LEAST FIVE YEARS. ELIGIBLE NON-CITIZENS MUST ALSO BE OREGON RESIDENTS TO RECEIVE STATE AID. INSTITUTIONAL AID ONLY IS AWARDED TO CERTAIN INTERNATIONAL STUDENTS WHO ARE IN THE U.S. SOLELY OR PRIMARILY TO PURSUE POSTSECONDARY EDUCATION. STAFF IN THE FINANCIAL AID AND BUSINESS OFFICE MONITOR AWARDING AND DISBURSEMENT ACTIVITY OF AWARDS AND LOANS ON A MONTHLY BASIS AT MINIMUM. ANY DIFFERENCES OR ANOMALIES ARE INVESTIGATED IMMEDIATELY AND CORRECTED, IF NEEDED. X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 DR JENNIFER L COYLE PRESIDENT 448255 0 0 0 54000 0 0 0 18435 0 520690 0 0 0 JAMES LANGSTRAAT VP FINANCE & ADMINISTRATIO 278093 0 0 0 0 0 0 0 9281 0 287374 0 0 0 ANN BARR-GILLESPIE VP OF ACADEMIC AND PROVOST 261965 0 0 0 0 0 0 0 10990 0 272955 0 0 0 MARY VON VICE PROVOST & EXEC DEAN 250389 0 0 0 0 0 0 0 18746 0 269135 0 0 0 FRASER HORN DEAN, COLLEGE OF OPTOMETRY 239001 0 0 0 0 0 0 0 28224 0 267225 0 0 0 DAVID SCHOLNICK PROFESSOR 260000 0 0 0 0 0 0 0 0 0 260000 0 0 0 JENNIFER ELAINE YRUEGAS DEAN, COLLEGE OF BUSINESS 220757 0 0 0 0 0 0 0 28224 0 248981 0 0 0 PART I, LINE 1A THE UNIVERSITY PROVIDES A HOUSING AND AUTOMOBILE ALLOWANCE TO THE UNIVERSITY PRESIDENT. THE AMOUNT IS INCLUDED IN THE PRESIDENT'S FORM W-2 AS TAXABLE COMPENSATION. A CITY OF FOREST GROVE OREGON 936002164 345648DR7 2015-04-22 38515031 CAMPUS IMPROVEMENT 0 0 0 B CITY OF FOREST GROVE OREGON 936002164 2016-10-19 17800000 CAMPUS IMPROVEMENT 0 0 0 C CITY OF FOREST GROVE OREGON 936002164 345648EJ4 2022-02-01 33115611 CAMPUS IMPROVEMENT 0 0 0 A 10630000 38515031 463921 38051110 2015 1 0 1 1 B 5541037 17800000 185398 17614602 2016 1 0 1 1 C 33115611 505358 32610253 2022 1 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 0 0 0 0 1 C 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 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 X 11 104906 FAIR MARKET VALUE X GIFTS IN KIND 126 509908 FAIR MARKET VALUE 0 1 0 SCHEDULE M, PART I THE NUMBER OF CONTRIBUTIONS REPORTED IN PART I IS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 FOR FISCAL YEAR 2023-2024 WILL BE SENT TO EACH MEMBER OF THE BOARD BEFORE FILING. THE COMMITTEE HAS DELEGATED THE AUDIT COMMITTEE TO REVIEW THE FORM 990. THIS REVIEW PROCESS WILL TAKE PLACE BEFORE THE FORM 990 IS FILED AND WILL INCLUDE PARTIES FROM THE TAX FIRM INVOLVED, THE CONTROLLER, THE VP FOR FINANCE & ADMINISTRATION, AND THE AUDIT COMMITTEE. AFTER REVIEW AND PRIOR TO FILING, A COPY OF THE RETURN WILL BE PROVIDED TO EACH BOARD MEMBER, PREFERABLY BY EMAIL TRANSMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES CONFLICT OF INTEREST POLICY IS INCLUDED AS ARTICLE 6, SECTION 5 OF THE BYLAWS WHICH GOVERN THE ACTIONS OF THE BOARD OF TRUSTEES OF PACIFIC UNIVERSITY. A)TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF (I) SUCH TRUSTEE HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS WHICH IMPAIR OR MIGHT REASONABLY APPEAR TO IMPAIR SUCH MEMBER'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF SUCH TRUSTEE'S RESPONSIBILITIES TO THE UNIVERSITY, OR (II) SUCH TRUSTEE IS AWARE THAT A MEMBER OF HIS OR HER FAMILY, OR ANY ORGANIZATION IN WHICH SUCH TRUSTEE (OR MEMBER OF HIS OR HER FAMILY) IS AN OFFICER, DIRECTOR, EMPLOYEE, MEMBER, PARTNER, TRUSTEE OR CONTROLLING STOCKHOLDER, HAS SUCH EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS. FOR THE PURPOSES OF THIS PROVISION, A FAMILY MEMBER IS DEFINED AS A SPOUSE, PARENT, SIBLING, CHILD AND ANY OTHER RELATIVE IF RESIDING IN THE SAME HOUSEHOLD AS THE TRUSTEE. B) ALL TRUSTEES AND COMMITTEE MEMBERS SHALL REFRAIN FROM CONFLICTS OF INTERESTS, THE PERCEPTION OF CONFLICTS OF INTEREST AND REQUESTING SPECIAL FAVORS. HOWEVER, IF CONFLICTS DO OCCUR, TRUSTEES AND COMMITTEE MEMBERS SHOULD DISCLOSE THEIR INTEREST DURING THE TRANSACTION OF BUSINESS AND ABSTAIN FROM VOTING ON ISSUES WHERE A CONFLICT IS PRESENT. ANNUALLY, BOARD MEMBERS RECEIVE A COPY OF THE CONFLICT OF INTEREST STATEMENT AND ARE REQUIRED TO COMPLETE A DISCLOSURE STATEMENT. THIS STATEMENT IS RETURNED TO THE OFFICE OF THE PRESIDENT AND KEPT ON FILE. THE PRESIDENT AND CHAIRMAN OF THE BOARD FOLLOW-UP WITH THE BOARD MEMBERS REGARDING COMPLETING THE DISCLOSURE STATEMENT. THE OFFICE OF THE PRESIDENT MONITORS RECEIPT OF THE SIGNED STATEMENT TO ENSURE ALL BOARD MEMBERS COMPLETE THE DISCLOSURE. ALL RESPONSES ARE REVIEWED BY THE PRESIDENT. IF A MEMBER DISCLOSES A CONFLICT OF INTEREST, A COPY IS SENT TO THE VP OF FINANCE. ADDITIONALLY, UPON DISCOVERY OF A POSSIBLE CONFLICT OF INTEREST OR AT ANY OTHER TIME REQUESTED BY THE COMMITTEE OF TRUSTEES, TRUSTEES WILL BE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND RETURN IT TO THE OFFICE OF THE PRESIDENT. THE UNIVERSITY'S INSTITUTIONAL CONFLICT OF INTEREST POLICY FOR ALL EMPLOYEES, INCLUDING OFFICERS, REQUIRES EMPLOYEES TO DISCLOSE ALL CONFLICTS OF INTEREST WITH THE UNIVERSITY. A COPY OF THIS CONFLICT OF INTEREST POLICY IS DELIVERED ELECTRONICALLY TO EMPLOYEES ANNUALLY AND IS INCLUDED AMONG UNIVERSITY INSTITUTIONAL POLICIES POSTED IN THE HUMAN RESOURCES WEB PAGE ONLINE. WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM THIS POLICY PROVIDES THAT A CONFLICT OF INTEREST EXISTS IF AN EMPLOYEE'S ACTIONS, ACTIVITIES, OR PRACTICES ON BEHALF OF THE UNIVERSITY EITHER (A) RESULT IN PREFERENTIAL TREATMENT OR AN IMPROPER GAIN OR ADVANTAGE TO THE EMPLOYEE, THE EMPLOYEE'S FAMILY OR BUSINESS ASSOCIATES, OR (B) HAS A DETRIMENTAL EFFECT ON THE UNIVERSITY'S INTERESTS. A CONFLICT OF INTEREST MAY OCCUR WHEN AN EMPLOYEE FAILS TO EXERCISE DUE CARE, SKILL OR JUDGMENT ON BEHALF OF THE UNIVERSITY IN THE PERFORMANCE OF THE EMPLOYEE'S DUTIES BECAUSE OF AN INTEREST INCONSISTENT WITH THE MISSION GOALS OR WORK OF THE UNIVERSITY. EMPLOYEES MUST PROVIDE FULL DISCLOSURE OF ALL FACTS AND CIRCUMSTANCES RELATED TO ANY TRANSACTION, CONTRACT OR ACTIVITY IN WHICH THEY ARE INVOLVED, OR MAY BECOME INVOLVED, THAT MIGHT DIRECTLY OR INDIRECTLY CREATE A CONFLICT OF INTEREST WITH THE UNIVERSITY. DISCLOSURE IS MADE TO THE EMPLOYEE'S IMMEDIATE SUPERVISOR WHO MUST REPORT THE MATTER TO THE VICE-PRESIDENT OF FINANCE AND ADMINISTRATION. FAILURE TO DISCLOSE A CONFLICT OF INTEREST SUBJECTS THE EMPLOYEE TO DISCIPLINE UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. SECTION 4.10 OF THE UNIVERSITY HANDBOOK GOVERNS FACULTY CONFLICTS OF INTERESTS RELATED TO OUTSIDE CONSULTING OR PARTICIPATION IN COMMERCIAL OR GOVERNMENTAL ENTERPRISES THAT HAVE THE POTENTIAL FOR CREATING A CONFLICT OF INTEREST WITH UNIVERSITY OBLIGATIONS. A CONFLICT OF INTEREST DISCLOSURE FORM MUST BE SUBMITTED NO LATER THAN SEPTEMBER 15 ANNUALLY TO A DEPARTMENT CHAIR OR DIRECTOR AND TO THE COLLEGE DEAN BY FACULTY MEMBERS WITH APPOINTMENTS OF 0.5 FTE OR GREATER. FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF PACIFIC UNIVERSITY SPECIFICALLY STATE THAT THE BOARD OF TRUSTEES IS RESPONSIBLE TO APPOINT THE PRESIDENT AND SET APPROPRIATE CONDITIONS OF EMPLOYMENT WHICH INCLUDE COMPENSATION. THE BOARD SHALL ESTABLISH THE CONDITIONS OF EMPLOYMENT OF OTHER KEY INSTITUTIONAL OFFICERS WHO SERVE AT THE PLEASURE OF THE PRESIDENT (IN CONSULTATION WITH THE BOARD AS MAY BE APPROPRIATE). A COMMITTEE OF THE BOARD COMPRISED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WILL BE AUTHORIZED BY THE BOARD TO REVIEW COMPENSATION DATA AND OTHER EMPLOYMENT INFORMATION APPROPRIATE FOR THE POSITION OF THE PRESIDENT. IN 2023-2024, THE UNIVERSITY CONTRACTED WITH AN OUTSIDE FIRM TO CONDUCT A BENCHMARKING STUDY IN ORDER TO OBTAIN COMPETITIVE AND RELEVANT COMPENSATION DATA. THIS BENCHMARKING STUDY INCLUDED RELEVANT INFORMATION ABOUT PACIFIC UNIVERSITY AND THE RESPONSIBILITIES AND ROLES OF THE PRESIDENT AND VICE PRESIDENTS, INCLUDING VP UNIVERSITY ADVANCEMENT, VP STUDENT LIFE, CFO-VP FINANCE & ADMINISTRATION, AND PROVOST-VP ACADEMIC AFFAIRS. SUCH INFORMATION INCLUDED A JOB DESCRIPTION FOR EACH POSITION, PACIFIC'S COMPENSATION PHILOSOPHY, GOALS, ROLES AND RESPONSIBILITIES AND OTHER PERTINENT INFORMATION. IN ADDITION, THE FIRM CONDUCTED A COMPREHENSIVE SURVEY OF COMPENSATION PACKAGES OF UNIVERSITY PRESIDENTS AND VICE PRESIDENTS THAT INCLUDED 11 PEER INSTITUTIONS. THE SURVEY INCLUDED REQUESTS OF INFORMATION ON BASE COMPENSATION, BONUSES, DEFERRED COMPENSATION, AND RETIREMENT PROGRAMS AND INCLUDED VARIOUS PREREQUISITES. THE FIRM MONITORED RESPONSES AND ANALYZED THE DATA AND THEN PREPARED A REPORT OF THE RESULTS. THIS BENCHMARKING REPORT ALSO INCLUDED RECOMMENDATIONS OF THE RANGE OF PERCENTILES FOR COMPENSATION BASED ON THE PEER GROUP AND INCLUDED RECOMMENDATIONS REGARDING THE STRUCTURE OF THE PACKAGE. BENCHMARKING STUDIES ARE USED BY MEMBERS OF THE BOARD OF TRUSTEE ("BOARD") WHEN REVIEWING COMPENSATION FOR THE PRESIDENT OR IN SELECTING A NEW PRESIDENT. THIS BENCHMARKING STUDY CONDUCTED IN 2013-2014 WAS SHARED WITH THE CHAIR OF THE BOARD OF TRUSTEES AND OTHER MEMBERS OF THE BOARD COMPENSATION COMMITTEE. THE BOARD HAS RESPONSIBILITY TO APPOINT THE PRESIDENT AND SET APPROPRIATE CONDITIONS OF EMPLOYMENT, INCLUDING COMPENSATION. WHEN THE BOARD SELECTS A NEW PRESIDENT, A VOTE PROCESS FOR APPROVAL IS CONDUCTED THROUGH A SPECIAL MEETING OF THE BOARD. AT THAT MEETING EACH MEMBER OF THE BOARD WHO IS PRESENT MUST CALL OUT THEIR VOTE AND THEIR VOTE IS RECORDED IN THE MINUTES. THEN AT THE NEXT REGULAR BOARD OF TRUSTEES MEETING A MOTION IS MADE THAT MUST BE PASSED APPOINTING THE NEXT PRESIDENT. THIS IS ALL FULLY DOCUMENTED IN THE MINUTES OF THE MEETING. DETERMINING COMPENSATION FOR KEY AND OTHER EMPLOYEES SUCH AS THE UNIVERSITY'S VICE PRESIDENTS AND DEANS ARE DONE BY COMPARING COMPENSATION TO MEDIANS OF NATIONAL DATA FOR INSTITUTIONS IN OUR QUARTILE FOR ENROLLMENT AND OUR QUARTILE FOR BUDGET, OR MEDIAN OF THEIR COUNTERPARTS FOR THE PROFESSIONAL SCHOOLS. THEIR SALARIES ARE THEN SET AT OR NEAR THE MEDIAN OF THE RELEVANT COMPARABLE SALARY DATA SET, USING THE SAME METHODOLOGY THAT IS ALSO APPLIED TO ALL FACULTY SALARIES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND PACIFIC UNIVERSITY'S ARTICLES OF INCORPORATION ARE OF RECORD IN THE OFFICE OF THE OREGON SECRETARY OF STATE. CURRENT ARTICLES OF INCORPORATION AND BYLAWS FOR THE BOARD OF TRUSTEES ARE AVAILABLE FROM THE OFFICE OF THE PRESIDENT OF THE UNIVERSITY UPON REQUEST. THE INSTITUTIONAL CONFLICT OF INTEREST POLICY AND THE CONSENSUAL RELATIONS POLICY ARE SITUATED ON THE INSTITUTION'S HUMAN RESOURCES WEBSITE AT: WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM THE UNIVERSITY HANDBOOK IS FOUND ONLINE AT: WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM FINANCIAL STATEMENTS ARE AVAILABLE ON THE INSTITUTION'S BUSINESS OFFICE WEBSITE AT: WWW.PACIFICU.EDU/OFFICES/BO/STAFFFACULTY/INDEX.CFM ALL OF THE DOCUMENTS ABOVE ARE ALSO AVAILABLE BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 320,948. CHARITABLE REMAINDER ANNUITY TRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 931305429 CHARITABLE REMAINDER ANNUITY TRUST OR N/A T 1020 0.60000 1 CHARITABLE REMAINDER UNITRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 826105750 CHARITABLE REMAINDER UNITRUST OR N/A T 1093 1.00000 1 CHARITABLE REMAINDER UNITRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 866341685 CHARITABLE REMAINDER UNITRUST OR N/A T 2624 1.00000 1 CHARITABLE REMAINDER UNITRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 931305430 CHARITABLE REMAINDER UNITRUST OR N/A T 2360 1.00000 1 CHARITABLE REMAINDER UNITRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 826105812 CHARITABLE REMAINDER UNITRUST OR N/A T 1101 1.00000 1 CHARITABLE REMAINDER UNITRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 510533108 CHARITABLE REMAINDER UNITRUST OR N/A T 23270 1.00000 1 CHARITABLE REMAINDER UNITRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 CHARITABLE REMAINDER UNITRUST OR N/A T 12481 0.75000 1 CHARITABLE REMAINDER UNITRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 931239969 CHARITABLE REMAINDER UNITRUST OR N/A T 2475 1.00000 1 CHARITABLE TRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 CHARITABLE TRUST OR N/A T 24111 1.00000 1 CHARITABLE PRIVATE FOUNDATION 2043 COLLEGE WAY FOREST GROVE OR 97116 CHARITABLE PRIVATE FOUNDATION OR N/A T 19781 1.00000 1 REVOCABLE LIVING TRUST 2043 COLLEGE WAY FOREST GROVE OR 97116 REVOCABLE LIVING TRUST OR N/A T 309747 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CHARITABLE REMAINDER ANNUITY TRUST A 1020 CASH RECEIVED CHARITABLE REMAINDER UNITRUST A 1093 CASH RECEIVED CHARITABLE REMAINDER UNITRUST A 2624 CASH RECEIVED CHARITABLE REMAINDER UNITRUST A 2360 CASH RECEIVED CHARITABLE REMAINDER UNITRUST A 1101 CASH RECEIVED CHARITABLE REMAINDER UNITRUST A 23270 CASH RECEIVED CHARITABLE REMAINDER UNITRUST A 12481 CASH RECEIVED CHARITABLE REMAINDER UNITRUST A 2475 CASH RECEIVED CHARITABLE TRUST A 24111 CASH RECEIVED CHARITABLE PRIVATE FOUNDATION A 19781 CASH RECEIVED REVOCABLE LIVING TRUST A 309747 CASH RECEIVED