2021-05-14T12:47:51-05:00 2020-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2019-07-01 930386892 PACIFIC UNIVERSITY % ALLIE LOSLI PACI 5033522819 2043 COLLEGE WAY FOREST GROVE OR 97116 JAMES LANGSTRAAT VP FOR FINANCE ADMIN 2021-05-04 true SUE ROBISON P00560072 2069134000 2021-05-04 2019 2022-09-23 18:48:47Z DR LESLEY HALLICK 2043 COLLEGE WAY FOREST GROVE OR 97116 195018368 false X WWW.PACIFICU.EDU X SCHOOL 1849 OR A DIVERSE SUSTAINABLE COMMUNITY DEDICATED TO DISCOVERY & EXCELLENCE IN TEACHING, SCHOLARSHIP & PRACTICE, PACIFIC INSPIRES STUDENTS TO THINK, CARE & PURSUE JUSTICE IN OUR WORLD 39 36 2863 289 385590 7795133 10801115 164559253 164296581 1612916 1343426 -1150 -11120 173966152 176430002 42954503 42694858 0 0 80904760 83073490 0 0 4671653 43045561 42873239 166904824 168641587 7061328 7788415 279779591 323100330 120786082 156690619 158993509 166409711 X PACIFIC UNIVERSITY BEGAN AS A SCHOOL FOR ORPHANS FROM THE OREGON TRAIL IN 1848 AND IN 1849 WAS CHARTERED AS A COLLEGE FOUNDED BY CONGREGATIONALISTS AND MODELED AFTER THE BEST SCHOOLS OF NEW ENGLAND. OVER TIME, THE UNIVERSITY HAS GROWN INTO A UNIQUE COMBINATION OF UNDERGRADUATE AND GRADUATE PROGRAMS IN LIBERAL ARTS AND SCIENCES, EDUCATION, BUSINESS AND HEALTH. TODAY, PACIFIC'S FOCUS ON TEACHING AND LEARNING IN A CLOSE NURTURING ENVIRONMENT LEADS TO GENUINE TRANSFORMATION IN STUDENTS' LIVES. DISTINGUISHED BY ITS INQUIRY-BASED CURRICULA AND INTERDISCIPLINARY COLLABORATION, PACIFIC OFFERS STUDENTS EXCEPTIONAL OPPORTUNITIES FOR EXPERIENTIAL LEARNING, LEADERSHIP AND CIVIC ENGAGEMENT. VISION 2020 PACIFIC UNIVERSITY WILL EMBRACE DISCOVERY AS AN ESSENTIAL CHARACTERISTIC OF TEACHING, LEARNING, SCHOLARSHIP, PRACTICE, AND CREATIVE EXPRESSION. WE WILL ACHIEVE EXCELLENCE AND DISTINCTION BY INVESTING IN EXCEPTIONAL PEOPLE. WE WILL EMBRACE A RICH DIVERSITY OF IDEAS, PEOPLES AND CULTURES. WE WILL INCOR false false 49807948 147169422 INSTRUCTION - ACADEMIC DEPARTMENTS PROVIDE EDUCATIONAL SERVICES TO ATTENDING STUDENTS. 42694858 42694858 GRANTS AND SCHOLARSHIPS - THE UNIVERSITY PROVIDES MONETARY SUPPORT THROUGH GRANTS, SCHOLARSHIPS, AND FINANCIAL AID TO QUALIFIED STUDENTS. 31946023 14199536 OTHER STUDENT SUPPORT SERVICES - DORM, CAFETERIA AND ACTIVITIES ARE PROVIDED TO STUDENTS TO ENHANCE THE ACADEMIC SOCIAL ENVIRONMENT AT THE UNIVERSITY. 3769105 2547771 CLINICS-PART OF CURRICULUM 3769105 2547771 128217934 true true false false false false false false false true true false false true true true true false true false false false false false true false false false true true true false false false false false false false false false false true false false false false true false false false true 670 0 true 2863 true true true false false false true true true true false false false false false false X 39 36 true false false false false false false true true false false true true true true true true true true false OR X X ALLIE LOSLI 5033522819 2043 COLLEGE WAY FOREST GROVE OR 97116 X Dr Lesley M Hallick President/Trustee 40.0 0.0 X X 538560 0 43159 John Miller VP Academic Affairs/Provost 40.0 0.0 X 281061 0 38570 Catherine Warman VP of University Advancement 40.0 0.0 X 270757 0 43055 Jim Langstraat VP for Finance & Admin. 40.0 0.0 X 260565 0 45353 Mark Ankeny VP Enroll. Mgmt & Stud Affairs 40.0 0.0 X 258417 0 38785 Ann Barr-Gillespie Executive Dean Vice Provost 40.0 0.0 X 235961 0 31638 Jennifer Coyle Dean/College of Optometry 40.0 0.0 X 232106 0 21090 Reza Karimigevari Dean of the School of Pharmacy 40.0 0.0 X 215749 0 35685 Fawzy Elbarbry Professor/Trustee 40.0 0.0 X 111624 0 27871 Dr Jamie R Haag Professor/Trustee 40.0 0.0 X 95172 0 24457 Julie Berglund Baker TRUSTEE 1.0 0.0 X 0 0 0 Robert O Barrett TRUSTEE 1.0 0.0 X 0 0 0 Evona M Brim TRUSTEE 1.0 0.0 X 0 0 0 Julia Brim-Edwards TRUSTEE 1.0 0.0 X 0 0 0 Mindy Cameron TRUSTEE 1.0 0.0 X 0 0 0 Manuel Castaneda TRUSTEE 1.0 0.0 X 0 0 0 Patrick CH Clark TRUSTEE 1.0 0.0 X 0 0 0 Jim Fitzgerald TRUSTEE 1.0 0.0 X 0 0 0 Gloria Everett TRUSTEE 1.0 0.0 X 0 0 0 Mark Frandsen TRUSTEE 1.0 0.0 X 0 0 0 Sheri Garboden TRUSTEE 1.0 0.0 X 0 0 0 Rebecca Becky Graham TRUSTEE 1.0 0.0 X 0 0 0 Michael E Hudson Sr Trustee 1.0 0.0 X 0 0 0 Dan James Trustee 1.0 0.0 X 0 0 0 Betsy Johnson TRUSTEE 1.0 0.0 X 0 0 0 Dr Peter O Kohler TRUSTEE 1.0 0.0 X 0 0 0 Matthew Lowe TRUSTEE 1.0 0.0 X 0 0 0 Kenneth C McGill TRUSTEE 1.0 0.0 X 0 0 0 Dr Richard Miles TRUSTEE 1.0 0.0 X 0 0 0 Martin Moll TRUSTEE 1.0 0.0 X 0 0 0 Cameron Perry TRUSTEE 1.0 0.0 X 0 0 0 Nancy M Phillips TRUSTEE 1.0 0.0 X 0 0 0 Dr Adam Preston Student/Trustee 1.0 0.0 X 0 0 0 Chika Matsumoto Student/Trustee 1.0 0.0 X 0 0 0 Chuck Quinn Trustee 1.0 0.0 X 0 0 0 Michael Henningsen Jr Trustee 1.0 0.0 X 0 0 0 Hong Huynh Trustee 1.0 0.0 X 0 0 0 Tim Schauermann TRUSTEE 1.0 0.0 X 0 0 0 Norman Scott TRUSTEE 1.0 0.0 X 0 0 0 Tommy Thayer TRUSTEE 1.0 0.0 X 0 0 0 Tim M Tran TRUSTEE 1.0 0.0 X 0 0 0 Doug Weberling TRUSTEE 1.0 0.0 X 0 0 0 Mike Wright Trustee 1.0 0.0 X 0 0 0 Gerald C Yoshida Trustee 1.0 0.0 X 0 0 0 Gene Zurbrugg Trustee 1.0 0.0 X 0 0 0 Kelli Gehrs Trustee 1.0 0.0 X 0 0 0 2499972 0 349663 147 false true false Bon Appetit PO Box 417632 BOSTON MA 022417632 Food Service 2501176 In Line Commrcl Cnstrctin PO Box 5837 ALOHA OR 97006 Contractor 1197874 American Heating 5035 SE 24th Ave PORTLAND OR 97202 CONTRACTOR 763053 EBSCO Payment Processing Ctr PO Box 204661 DALLAS TX 753204661 Library 417990 Jackson Industries PO Box 159 NORTH PLAINS OR 97133 CONTRACTOR 416760 26 X 7210 4360234 6433671 275501 10801115 EDUCATIONAL & EXTRACURICULAR PROGRAMS 611600 147169422 147169422 AUXILLARY SERVICES 532000 14579388 14199536 379852 CLINICAL SERVICES 621400 2547771 2547771 164296581 2262208 5738 2256470 0 0 0 0 0 17635039 3100 18556921 -921882 3100 -918782 -918782 20325 7210 31445 -11120 -11120 0 0 0 0 0 0 0 176430002 163916729 385590 1326568 0 42694858 42694858 0 0 1298588 500983 797605 0 59550343 40091626 17196257 2262460 4876134 3252892 1441940 181302 12719202 8485040 3761242 472920 4629223 3088176 1368925 172122 0 401226 401226 203972 203972 0 0 19280 19280 0 0 3362042 2242834 994202 125006 0 0 3852433 2569976 1139217 143240 0 0 2412891 1609651 713525 89715 3886009 2592375 1149146 144488 0 6785073 4526354 2006439 252280 917857 612307 271423 34127 ADMIN COSTS 8765348 5847405 2592033 325910 CATERING MEAL SERVICES 3175748 2900736 17875 257137 INTERSCHOLASTIC ACTIVITIES 2773270 2706150 59623 7497 UTILITIES 1714443 1143713 506984 63746 4603647 3352858 1111086 139703 168641587 128217934 35752000 4671653 X 33899444 38458969 145598 179719 1116405 4683740 4325525 5967986 0 0 0 0 7802345 6873843 458688 445867 4448939 4240192 232383219 86509432 146948719 145873787 39982659 41033742 11479281 12539161 0 0 0 0 29171988 62803324 279779591 323100330 7325088 9762051 0 0 10713895 9185697 88352459 85976697 0 0 0 0 0 0 1012521 1971840 13382119 49794334 120786082 156690619 X 86025964 91215511 72967545 75194200 158993509 166409711 279779591 323100330 X 7788415 448618 -820831 X false true X true true true X 6719232 7850152 6730437 7795133 10801115 39896069 0 0 6719232 7850152 6730437 7795133 10801115 39896069 3833651 36062418 1883989 1989730 2712491 2004613 2261687 10852510 0 0 0 0 0 0 144302 22060 0 26882 20325 213569 50962148 788785731 0.70763 0.66970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50730267 1709195 892151 947993 961762 51421858 48166501 2689385 1637650 844483 918786 50730267 46094147 1711221 2151515 856968 933414 48166501 41576672 1781347 4577528 871630 969770 46094147 43210357 1727321 -622286 881719 974869 882132 41576672 0.23060 0.56690 0.20250 false false false 7141781 7141781 189216195 63845405 125370790 22414240 18157516 4256724 13611003 4506511 9104492 145873787 DEPOSITS WITH BOND TRUSTEE 4592173 FUNDS HELD IN TRUST BY OTHERS 23752240 OPERATING LEASE ROU ASSETS 34458911 62803324 0 OPERATING LEASE LIABILITY 36792522 FACULTY CONTRACTS PAYABLE 3152272 REFUNDABLE DEPOSITS 1774830 CAPITAL LEASE OBLIGATION 312869 ASSET RETIREMENT OBLIGATION 826533 EMPLOYMENT BENEFITS 57001 US GOVERNMENT GRANTS REFUNDABL 6878307 49794334 X 133394376 448618 -301330 147288 133247088 43182914 43182914 176430002 125978174 125978174 42663413 42663413 168641587 OTHER EXCLUDED REVENUE SCHEDULE D, PART XI, LINE 2D (301,330) - SPLIT INTEREST AGREEMENTS --------------- (301,330) - TOTAL OTHER INCLUDED REVENUE SCHEDULE D, PART XI, LINE 4B 161,477 - PARTNERSHIP K-1 INCOME (31,445) - FUNDRAISING RECLASS 42,694,858 - SCHOLARSHIP RECLASS 358,024 - ACTUARIAL ADJUSTMENT --------------- 43,182,914 - TOTAL OTHER INCLUDED EXPENSES SCHEDULE D, PART XII, LINE 4B 42,694,858 - SCHOLARSHIP RECLASS (31,445) - FUNDRAISING RECLASS --------------- 42,663,413 - TOTAL ENDOWMENT FUND SCHEDULE D, 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. FIN 48 FOOTNOTE SCHEDULE D, 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. true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, 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. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A PACIFIC UNIVERSITY RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES, INCLUDING US GOVERNMENT GRANTS, LOANS AND OTHER GOVERNMENT GRANTS. Fundraising 27535 7210 20325 31445 0 27535 7210 20325 31445 31445 -11120 true ACADEMIC AWARDS SCHOLARSHIPS 1733 40337093 ENDOWED SCHOLARSHIPS 336 990568 RESTRICTED NAMED SCHOLARSHIPS 271 1015357 TUITION EXCHANGE WAIVERS 8 13950 TUALATIN ACADEMIC WAIVERS 26 337890 MONITOR PROCESS SCHEDULE I, PART 1, 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. ON AN ON-GOING BASIS, STAFF IN FINANCIAL AID AND BUSINESS OFFICE MONITORS THE ACTIVITY OF ALL AWARDING AND DISBURSEMENT ACTIVITY OF AWARDS AND LOANS ON A MONTHLY BASIS AT A MINIMUM. ANY DIFFERENCES OR ANOMALIES ARE INVESTIGATED IMMEDIATELY AND, IF NEEDED, CORRECTED. X true false X X X X X true false false false false false false false false Dr Lesley M Hallick President/Trustee 341440 0 0 197120 0 43159 0 0 581719 0 0 John Miller VP Academic Affairs/Provost 281061 0 0 0 38570 0 0 319631 0 0 Jim Langstraat VP for Finance & Admin. 260565 0 0 0 45353 0 0 305918 0 0 Catherine Warman VP of University Advancement 264757 0 0 6000 0 43055 0 0 313812 0 0 Mark Ankeny VP Enroll. Mgmt & Stud Affairs 258417 0 0 0 38785 0 0 297202 0 0 Jennifer Coyle Dean/College of Optometry 232106 0 0 0 21090 0 0 253196 0 0 Ann Barr-Gillespie Executive Dean Vice Provost 235961 0 0 0 31638 0 0 267599 0 0 Reza Karimigevari Dean of the School of Pharmacy 215749 0 0 0 35685 0 0 251434 0 0 HOUSING ALLOWANCE SCHEDULE J, PART I, LINE 1A THE UNIVERSITY PROVIDES HOUSING ALLOWANCE AND AUTOMOBILE ALLOWANCE TO THE UNIVERSITY PERSIDENT. THE AMOUNT IS TAXED AND IS INCLUDED IN THE PRESIDENT'S FORM W-2. A CITY OF FOREST GROVE OREGON 936002164 345648DA4 2014-03-20 35933858 SEE SUPPLEMENTAL INFORMATION false false false B CITY OF FOREST GROVE OREGON 936002164 345648DR7 2015-04-22 38515031 SEE SUPPLEMENTAL INFORMATION false false false C CITY OF FOREST GROVE OREGON 936002164 2016-10-19 17800000 SEE SUPPLEMENTAL INFORMATION false false false A 0 0 35933858 3864644 0 0 666985 0 0 35266874 0 0 2014 true false true true B 4300000 0 38515031 0 0 0 463921 0 0 38051110 0 0 2015 true false true true C 2463026 0 17800000 0 0 0 185398 0 0 17614602 0 0 2016 true false true true A false false false false 0 false false false true B false false true true false 0 false false false true C false false false false 0 false false false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true X 25 275501 Average Market Value false false false NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I THE NUMBER OF CONTRIBUTIONS REPORTED IN PART I IS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FAMILY OR BUSINESS RELATIONSHIPS FORM 990, PART VI, LINE 2 BOARD MEMBERS EVONA M. BRIM AND JULIA BRIM-EDWARDS HAVE A FAMILY RELATIONSHIP. REVIEW OF FORM 990 FORM 990, PART VI, LINE 11 A & B A DRAFT OF THE FORM 990 FOR FISCAL YEAR 2019-2020 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. ENFORCEMENT OF WRITTEN CONFLICT OF INTEREST POLICY 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. COMPENSATION REVIEW POLICY FORM 990, PART VI, LINE 15a 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 2013-2014, 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. PUBLIC DISCLOSURE 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. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 SPLIT INTEREST AGREEMENTS (301,330) ACTUARIAL ADJUSTMENTS (358,024) PARTNERSHIP INCOME (160,956) ---------------- TOTAL (820,310) Louis & Camille Wainwright 5700 NE 82nd Ave Apt 48 Vancouver WA 98662 931305429 CRAT OR Trust 0.60000 true Timothy Schauermann & Nancy Cross 20600 NW Quail Hollow Dr Portland OR 97229 826105750 CRUT OR Trust 1.00000 true Milan & Jean Stoyanov 241 NW Hilltop Rd Portland OR 97210 866341685 CRUT OR Trust 1.00000 true Daniel & Kathryn Bump 315 Gilbert Street Menlo Park CA 94025 931305430 CRUT OR Trust 1.00000 true Larry Williams PO Box 729 Gaston OR 97119 826105812 CRUT OR Trust 1.00000 true Jennifer Ruecker Miller 39951 NW Verboort Rd Fore Forest Grove OR 97116 911307768 CRUT OR Trust 1.00000 true Milton Johnston 12204 N 53rd Street Tampa FL 33617 510533108 CRUT OR Trust 1.00000 true AE & Evona Brim First Republic Tr Co 111 Pine St San Francisco CA 94111 CRUT OR Trust 0.75000 true Rossman Trust US Bank 111 SW 5th Ave 6th Floor Portland OR 97204 CHARIT. TRUST OR Trust 1.00000 true Scott Walter Trust Wells Fargo Bank PO Box 20160 Long Beach CA 908013160 CHART. PRIV. OR Trust 70000 1.00000 true Vandervelden Trust 2781 Kittitas hwy Ellensburg WA 98926 CHART. PRIV. OR Trust 108789 1.00000 true Elise Eilers Elliott 225 Bush St STE 500 San Fancisco CA 94104 Revocable Tru OR Trust 319901 1.00000 true Ralfe A Selberg 2320 Goff Place Forest Grove OR 97116 931239969 CRUT OR Trust 1.00000 true true false false false false false false false false false false false false false false false false false false Scott Walter Trust a(ii) 70000 Cash Received Vandervelden Trust a(ii) 108789 Cash Received Elise Eilers Elliott a(ii) 319901 Cash Received