2021-02-11T14:16:17-06:00 2020-06-30 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2019-07-01 910473310 WHITWORTH UNIVERSITY WHIT 5097774225 300 W HAWTHORNE ROAD SPOKANE WA 99251 LAWRENCE PROBUS VP, FINANCE & ADMINISTRATION 5097774225 2021-02-10 1 LAWRENCE H MOHR CPA P00447603 6128764500 2021-02-10 2019 2022-09-23 18:48:47Z BECK TAYLOR 300 W HAWTHORNE ROAD SPOKANE WA 99251 252406772 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 OVER 3,100 STUDENTS AS OF THE FALL OF 2020 AND OFFERS 76 UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS. IN RECENT YEARS, WHITWORTH HAS ENJOYED RECORD LEVELS OF STUDENT ENROLLMENT AND RETENTION, A VERY STRONG FINANCIAL POSITION, AND INCREASED EXTERNAL VISIBILITY. 38 37 2446 46 -2212 -4247 16094320 10592823 125341504 129631182 3817957 2190858 43459 62634 145297240 142477497 58110539 63781644 0 0 51022048 52576068 138054 93749 2616114 31265320 31677818 140535961 148129279 4761279 -5651782 310186327 335005537 95007313 114789884 215179014 220215653 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 111369795 63069692 117941366 WHITWORTH UNIVERSITY'S ENROLLMENT (2019-20): UNDERGRADUATE: 2,676; GRADUATE: 424. UNDER-REPRESENTED ETHNIC ENROLLMENT UNDERGRADUATE: 30.3%. SIX-YEAR GRADUATION RATE (2019-20): 75.3% OF FIRST-TIME, FULL-TIME STUDENTS ENROLLED IN FALL 2013 GRADUATED WITHIN SIX YEARS. FRESHMAN-TO-SOPHOMORE RETENTION RATE (2019-20): 83.9%. THE UNIVERSITY UNDERGRADUATE STUDENT BODY HAS A COMPOSITION OF 64.7%/35.3% WHITE/NON-WHITE; 57.8%/42.2% FEMALE/MALE AND REPRESENTATION OF 42 COUNTRIES. THE UNIVERSITY OFFERS 60 UNDERGRADUATE AND 16 GRADUATE DEGREE PROGRAMS; THE MOST PROMINENT UNDERGRADUATE DEGREES ARE BUSINESS/ECONOMICS, HEALTH SCIENCE, BIOLOGY, EDUCATION, MATH AND COMPUTER SCIENCE, AND PSYCHOLOGY. FISCAL YEAR 2019-20 IS ALSO THE 19TH YEAR IN A ROW THAT WHITWORTH HAS BEEN IN THE TOP RANKINGS OF U.S. NEWS AND WORLD REPORT. 6800250 711952 7730070 STUDENT SERVICES: WHITWORTH'S RESIDENCE HALLS AND/OR ON-CAMPUS HOUSES/APARTMENTS ACCOMMODATE OVER 1,000 STUDENTS (FALL 2019). WHITWORTH HAS A TWO-YEAR RESIDENCY REQUIREMENT. THE UNIVERSITY OFFERS 9 HALLS AND 27 THEME HOUSES. STUDENT CLUBS AND ORGANIZATIONS: WHITWORTH HAS OVER 40 STUDENT CLUBS, RANGING FROM AMNESTY INTERNATIONAL TO THE HAWAIIAN CLUB. 3793942 3959746 AUXILIARY SERVICES: HISTORICALLY WHITWORTH UNIVERSITY HAS PROVIDED DINING SERVICES TO OVER 1,000 RESIDENT STUDENTS AND TO THE MANY OTHER STUDENTS WHO LIVE OFF CAMPUS. IN FISCAL YEAR 2019-20, AUXILIARY SERVICES GENERATED GROSS REVENUES OF OVER $11 MILLION, WHICH HELPED SUPPORT THE ACADEMIC AND STUDENTS SERVICES PROVIDED TO THE MORE THAN 3,000 UNDERGRADUATE AND GRADUATE STUDENTS REGISTERED AT THE UNIVERSITY. IN FY 2020, AUXILIARY REVENUES WERE ADVERSELY IMPACTED BY THE GLOBAL COVID PANDEMIC TO THE TONE OF OVER $2.6 MILLION, WHICH WERE REIMBURSED TO STUDENTS WHEN THE CAMPUS HAD TO CLOSE IN THE MIDDLE OF SPRING OF 2020. 121963987 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 234 0 2446 1 1 1 1 CJ CS 0 0 0 0 0 0 0 0 0 0 X 38 37 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 AK CA CO MA NH SC WA X X LUZ MERKEL 5097774225 300 W HAWTHORNE ROAD SPOKANE WA 99251 BECK TAYLOR TRUSTEE-PRESIDENT 40.00 X X 373520 0 184822 LAWRENCE PROBUS VP FOR FINANCE AND ADMINIS 40.00 X 187038 0 61256 DR TIMOTHY WILKINSON DEAN, SCHOOL OF BUSINESS 40.00 X 169134 0 68134 MR GREG ORWIG VP ADMISSIONS AND FINANCIA 40.00 X 153142 0 66646 DR CAROLINE SIMON PROVOST AND EXECUTIVE VICE 40.00 X 193396 0 23715 DR SCOTT MCQUILKIN VP FOR INSTITUTIONAL ADVAN 40.00 X 187003 0 23143 DR NOELLE WIERSMA DEAN, COLLEGE OF ARTS & SC 40.00 X 146071 0 19791 KENNETH BROWN CHIEF INFORMATION OFFICER 40.00 X 143184 0 19636 DR DALE SODEN PROFESSOR - HISTORY 40.00 X 142093 0 19027 MRS RHOSETTA RHODES VP FOR STUDENT LIFE 40.00 X 144730 0 13006 PETER BARNES TRUSTEE 1.00 X 0 0 0 JAMES BENNETT TRUSTEE 1.00 X 0 0 0 MARK BENSON TRUSTEE 1.00 X 0 0 0 CHARLES BOPPELL TRUSTEE 1.00 X 0 0 0 JEREMIAH CASE TRUSTEE 1.00 X 0 0 0 SCOTT CHANDLER SECRETARY 1.00 X X 0 0 0 RANDY CLARK TRUSTEE 1.00 X 0 0 0 TRAVIS DOWNS TRUSTEE 1.00 X 0 0 0 SCOTT DUDLEY TRUSTEE 1.00 X 0 0 0 ANDREW ERICKSON TRUSTEE 1.00 X 0 0 0 DAVID FLESHER TRUSTEE 1.00 X 0 0 0 NANCY FOX TRUSTEE 1.00 X 0 0 0 ALYCIA GEBBERS TRUSTEE 1.00 X 0 0 0 REV ROBYN HOGUE TRUSTEE 1.00 X 0 0 0 GARY HOPKINS TRUSTEE 1.00 X 0 0 0 JOSH HUG TRUSTEE 1.00 X 0 0 0 JOHN KAITES TRUSTEE 1.00 X 0 0 0 BRIAN KIRKPATRICK CO-VICE CHAIR 1.00 X X 0 0 0 ANDREA LAIRSON CO-VICE CHAIR 1.00 X X 0 0 0 OCTAVIO MORALES 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 WALTER OLIVER TRUSTEE 1.00 X 0 0 0 SHELLY O'QUINN TRUSTEE 1.00 X 0 0 0 ERIC PETERSON TRUSTEE 1.00 X 0 0 0 DENICE RANDLE TRUSTEE 1.00 X 0 0 0 JENNIFER RATCLIFFE TRUSTEE 1.00 X 0 0 0 ANDREW ROBBLEE TRUSTEE 1.00 X 0 0 0 KENNETH ROBERTS TRUSTEE 1.00 X 0 0 0 JOHN SOWERS TRUSTEE 1.00 X 0 0 0 FRED STOCKTON TRUSTEE 1.00 X 0 0 0 ANNE STORM TREASURER 1.00 X X 0 0 0 JASON THACKSTON BOARD CHAIR 1.00 X X 0 0 0 KEVIN THOMPSON TRUSTEE - OUTGOING 1.00 X 0 0 0 MARK TOONE TRUSTEE - OUTGOING 1.00 X 0 0 0 BRENDA WILLIAMS TRUSTEE 1.00 X 0 0 0 TERRI WILSON TRUSTEE 1.00 X 0 0 0 1839311 0 499176 39 0 1 0 WALKER CONSTRUCTION PO BOX 3901 SPOKANE WA 992203901 CONSTRUCTION/LANDSCAPE 10798044 SODEXO CAMPUS SERVICES 9801 WASHINGTONIAN BLVD MS 31 GAITHERSBURG MD 20878 FOOD SERVICES 3702448 LEONE & KEEBLE INC PO BOX 2747 SPOKANE WA 992202747 CONSTRUCTION/LANDSCAPE 618229 POWER MARKETING SERVICES 540 W CATALDO AVE STE 200 SPOKANE WA 99201 ADVERTISING/MARKETING 571523 PACIFIC NORTHWEST THEATRE ASSO 2414 SW ANDOVER ST STE C100 SEATTLE WA 981061156 EQUIPMENT/REPAIRS 538973 36 73288 753049 1798391 7968095 441285 10592823 TUITION AND FEES 611710 116103046 116103046 AUXILIARY ENTERPRISES 611710 12401767 12401767 SALES AND SERVICES 611710 1126369 1126369 129631182 7171250 -2212 7173462 40558 11441 29117 29117 29117 104907735 109888127 -4980392 -4980392 -4980392 63224 73288 29707 33517 33517 142477497 129631182 -2212 2255704 63781644 63781644 1621944 269469 1056346 296129 37311246 25638255 10763184 909807 2434316 1685659 696414 52243 8545541 5935888 2457970 151683 2663021 1784224 798906 79891 150242 60097 79628 10517 118567 118567 93749 93749 681593 511195 170398 1795018 1038822 755507 689 815099 570569 163020 81510 2397744 1390692 959097 47955 2671681 1603009 988522 80150 1060 1060 3253564 2310030 910998 32536 1900945 855425 950473 95047 1620451 850758 699721 69972 3671736 3671736 5518640 4583927 878375 56338 524933 393699 120734 10500 STUDENT DINING PROGRAM/ 3793942 3035153 417334 341455 EQUIPMENT/REPAIRS/OTHER 1306685 784011 509607 13067 FED GRANT ADMIN EXPENSE 1006367 1006367 SUBSCRIPTIONS, PUBLICAT 449551 202298 224775 22478 148129279 121963987 23549178 2616114 4156694 3239319 6885424 5123906 2593548 3366521 3401049 2906176 99518 155532 1631941 886936 215462845 99829326 106452677 115633519 119152068 104146285 40208475 50442727 25604933 49104616 310186327 335005537 9032729 9482672 3213826 2340282 1582107 2012672 67529981 87325717 9920000 8380000 3728670 5248541 95007313 114789884 X 66237344 65499356 148941670 154716297 215179014 220215653 310186327 335005537 X -5651782 4734917 5953504 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 7865 1 0 0 7865 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. ICW INDICATED THE ESTIMATED AMOUNT OF THE UNIVERSITY FEES DEDICATED TO LOBBYING IN FYE 20 WAS $5,781. NAICU INDICATED THE ESTIMATED AMOUNT OF THE UNIVERSITY FEES DEDICTATED TO LOBBYING IN FYE 2020 WAS $702. CCCU DEDICATED $1,382 FOR ADVOCACY IN FY20. 156047569 3664905 10025652 4492407 165245719 151179044 1966607 7201718 4299800 156047569 141884815 4575301 9436289 4018807 698554 151179044 127378713 2743604 15525736 3763238 141884815 129431885 4753554 -3278805 3527921 127378713 0.09820 0.58740 0.31440 1 0 4932562 4932562 164460374 70789730 93670644 18027441 13893090 4134351 28042468 15146506 12895962 115633519 REAL ESTATE INVESTMENT 14717058 F NOTES REC. COLL/REAL ESTATE 23000 F SINGLE PREMIUM LIFE INS. POLICY 164849 F LIMITED PARTNERSHIPS 948544 F PRIVATE EQUITY FUNDS 9259805 F CASH/SHORT TERM SECURITIES 5275560 F FIXED INCOME 12077038 F HEDGE FUNDS 7976873 F 50442727 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 28096134 DEPOSITS HELD BY TRUSTEE 20008482 OTHER ASSETS - COSTA RICA LAND 1000000 49104616 STUDENT DEPOSITS 3016187 ASSET RETIREMENT OBLIGATION 1118326 INTEREST RATE EXCHANGE LIABILITY 1114028 5248541 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, 2020 AND 2019. 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 1 PROGRAM SERVICES ACADEMIC INSTRUCTION 133351 CENTRAL AMERICA AND THE CARIBBEAN 1 1 PROGRAM SERVICES ACADEMIC INSTRUCTION 329600 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 314963 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 84252 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 257183 2 2 0 0 2 2 1119349 0 1119349 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 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. X 1 WESTFALL GOLD 75 14TH STREET NE SUITE 3050 ATLANTA GA 30309 EVENT CONSULTING & OVERSIGHT 0 0 93749 0 93749 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY PIRATE NIGHT 136512 73288 63224 25524 4183 136512 73288 63224 25524 4183 29707 33517 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE UNIVERSITY PAID WESTFALL GOLD PROFESSIONAL FEES FOR CONSULTING AND OVERSIGHT OF ITS UPCOMING SPRING 2020 DONOR GALA EVENT. EXPENSE PAYMENTS AND REIMBURSEMENTS ARE DISTINGUISHABLE FROM PAYMENTS FOR PROFESSIONAL SERVICES ON EACH INVOICE. DURING FYE 2019, THE UNIVERSITY PAID $93,749 FOR INSTITUTIONAL ADVANCEMENT CONSULTING SERVICES. 1 FINANCIAL AID FOR TUITION, ROOM AND BOARD EXPENSES 2512 63069692 CARES ACT STUDENT FINANCIAL ASSISTANCE 534 711952 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 X 0 1 0 0 0 0 0 0 0 BECK TAYLOR TRUSTEE-PRESIDENT 331198 0 0 0 42322 0 99829 0 84993 0 558342 0 0 0 LAWRENCE PROBUS VP FOR FINANCE AND ADMINIS 141725 0 0 0 45313 0 15450 0 45806 0 248294 0 0 0 DR TIMOTHY WILKINSON DEAN, SCHOOL OF BUSINESS 131233 0 0 0 37901 0 14489 0 53645 0 237268 0 0 0 MR GREG ORWIG VP ADMISSIONS AND FINANCIA 135501 0 0 0 17641 0 12949 0 53697 0 219788 0 0 0 DR CAROLINE SIMON PROVOST AND EXECUTIVE VICE 160859 0 0 0 32537 0 15418 0 8297 0 217111 0 0 0 DR SCOTT MCQUILKIN VP FOR INSTITUTIONAL ADVAN 159879 0 0 0 27124 0 14846 0 8297 0 210146 0 0 0 DR NOELLE WIERSMA DEAN, COLLEGE OF ARTS & SC 138214 0 0 0 7857 0 11524 0 8267 0 165862 0 0 0 KENNETH BROWN CHIEF INFORMATION OFFICER 122181 0 0 0 21003 0 11379 0 8257 0 162820 0 0 0 DR DALE SODEN PROFESSOR - HISTORY 107812 0 0 0 34281 0 10807 0 8220 0 161120 0 0 0 MRS RHOSETTA RHODES VP FOR STUDENT LIFE 136815 0 0 0 7915 0 11425 0 1581 0 157736 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 $30,000 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 $71,691 NON-VESTED CONTRIBUTION WAS MADE DURING FY2020, WHICH IS A PART OF COLUMN C IN PART II. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781V31 2016-12-22 50409479 SEE PART VI 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781P20 2012-03-01 20065060 SEE PART VI 0 0 0 C WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 9397812G4 2019-12-20 19485000 SEE PART VI 0 0 0 A 4495000 52041213 532079 4042074 47467060 2020 0 1 0 1 B 1955000 20142056 1211429 1085375 372499 17472752 2015 0 0 1 1 C 20880656 218665 328744 451064 19882183 0 0 0 1 A 0 1 1 1 0 0 0 1 B 0 1 1 1 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2017 SCHEDULE K, PART II, LINE 3: THE DIFFERENCE BETWEEN PART I (E) AND PART II, LINE 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS. SCHEDULE K, PART I, COLUMN F: THE 2016 BONDS WERE ISSUED TO PROVIDE FUNDS FOR THE CONSTRUCTION OF AN ATHLETIC BUILDING AND REFUNDING OF A PRIOR ISSUE; THE 2016 BONDS REFUND THE BORROWER'S SERIES 2009 (ISSUED 11/04/09); BONDS REFUNDED BY SERIES 2009: SERIES 2006 (ISSUED SEPTEMBER 28, 2006), SERIES 2001 (ISSUED OCTOBER 10, 2001), AND SERIES 1998 (ISSUED DECEMBER 22, 1998). THE 2012 BONDS WERE ISSUED TO PROVIDE FUNDS FOR A DINING HALL ADDITION, A NEW STUDENT REC CENTER, A NEW RESIDENT HALL DESIGN, AND VARIOUS REPAIR PROJECTS. THE 2019 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. SCHEDULE K, 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 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 TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. AVISTA UTILITIES JASON THACKSTON (TRUSTEE) IS AN OFFICER OF AVISTA UTILITIES. 1264919 UTILITY EXPENSE 0 X 1 210 N/A X 10 432007 FAIR MARKET VALUE X MISCELLANEOUS 5 9068 COST 0 0 1 0 PART I, COLUMN (B): COLUMN B SHOWS THE NUMBER OF CONTRIBUTIONS. 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 JUNE 2020; THIS PROCESS INVOLVED AN INDEPENDENT ANALYSIS BY AN OUTSIDE CONSULTANT WHO COMPARED COMPENSATION FOR THIS INDIVIDUAL AGAINST PEER INSTITUTIONS. COMPENSATION FOR KEY OFFICERS REPORTING TO THE PRESIDENT WAS REVIEWED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IN JUNE 2020; THIS PROCESS INVOLVED AN INDEPENDENT ANALYSIS BY AN OUTSIDE CONSULTANT WHO COMPARED COMPENSATION FOR THESE INDIVIDUALS AGAINST PEER INSTITUTIONS. THESE KEY EMPLOYEES INCLUDE THE EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS, THE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT, THE VICE PRESIDENT FOR STUDENT LIFE, THE VICE PRESIDENT FOR ADMISSIONS AND FINANCIAL AID, AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. 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 -128,000. CHANGE IN VALUE OF OUTSIDE TRUSTS 6,081,504. 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 278955 2785161 1.00000 1 CHARITY REMAINDER UNITRUSTS (21) CHARITABLE TRUST WA N/A T 0 CHARITY REMAINDER ANNUITY TRUSTS (1) CHARITABLE TRUST WA N/A T 0 LIFE ANNUITY TRUSTS (64) CHARITABLE TRUST WA N/A T 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 THE WHITWORTH FOUNDATION C 753049 CASH CONTRIBUTION WHITWORTH COSTA RICA LIMITADA B 462951 CASH EMPLOYER CONTRIBUTION VEBA TRUST R 240914 CASH