2020-02-18T14:02:28-06:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2018-07-01 910473310 WHITWORTH UNIVERSITY WHIT 5097774225 300 W HAWTHORNE ROAD SPOKANE WA 99251 LAWRENCE PROBUS VP, FINANCE & ADMINISTRATION 5097774225 2020-02-17 1 LAWRENCE H MOHR CPA P00447603 6128764500 2020-02-17 38.88.188.75 2020-02-17 10:10:59 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 EDB264CAD7F9F6CD2E19D356927987B2A35A11B0 2018 2020-11-19 02:30:22Z BECK TAYLOR 300 W HAWTHORNE ROAD SPOKANE WA 99251 318265605 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 2019 AND OFFERS 60 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. 39 38 2369 67 8243 0 13649926 16094320 115911804 125341504 7250413 3817957 163587 43459 136975730 145297240 50226193 58110539 0 0 47195512 51022048 0 138054 2975585 30817301 31265320 128239006 140535961 8736724 4761279 303325627 310186327 97838558 95007313 205487069 215179014 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 102245704 58110539 111018851 WHITWORTH UNIVERSITY'S ENROLLMENT (2018-19): UNDERGRADUATE: 2,649; GRADUATE: 421. UNDER-REPRESENTED ETHNIC ENROLLMENT UNDERGRADUATE: 31.9%. SIX-YEAR GRADUATION RATE (2018-19): 78.3% OF FIRST-TIME, FULL-TIME STUDENTS ENROLLED IN FALL 2012 GRADUATED WITHIN SIX YEARS. FRESHMAN-TO-SOPHOMORE RETENTION RATE (2018-19): 82.3%. THE UNIVERSITY UNDERGRADUATE STUDENT BODY HAS A COMPOSITION OF 68.1%/31.9% WHITE/NON-WHITE; 59.7%/40.3% FEMALE/MALE & REPRESENTATION OF 38 COUNTRIES. THE UNIVERSITY OFFERS 60 UNDERGRADUATE & 16 GRADUATE DEGREE PROGRAMS; THE MOST PROMINENT UNDERGRADUATE DEGREES ARE BUSINESS & ECONOMICS, HEALTH SCIENCE, BIOLOGY, EDUCATION, MATH & COMPUTER SCIENCE, & PSYCHOLOGY. FISCAL YEAR 2018-19 IS ALSO THE 18TH YEAR IN A ROW THAT WHITWORTH HAS BEEN IN THE TOP RANKINGS OF U.S. NEWS & WORLD REPORT. 6913693 7823613 STUDENT SERVICES: WHITWORTH'S RESIDENCE HALLS AND/OR ON-CAMPUS HOUSES/APARTMENTS ACCOMMODATE OVER 1,000 STUDENTS (FALL 2018). 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. 5808714 6499040 AUXILIARY SERVICES: WHITWORTH UNIVERSITY PROVIDES DINING SERVICES TO OVER 1,100 RESIDENT STUDENTS AND TO THE MANY OTHER STUDENTS WHO LIVE OFF CAMPUS. IN FISCAL YEAR 2019, AUXILIARY SERVICES GENERATED GROSS REVENUES OF ALMOST $13 MILLION THAT HELPED SUPPORT THE ACADEMIC AND STUDENTS SERVICES PROVIDED TO THE MORE THAN 3,000 UNDERGRADUATE AND GRADUATE STUDENTS REGISTERED AT THE UNIVERSITY. 114968111 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 1 196 0 2369 1 1 1 1 CJ CS 0 0 0 0 0 0 0 0 0 0 X 39 38 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 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 CLARK DONNELL TRUSTEE-OUTGOING 1.00 X 0 0 0 SCOTT DUDLEY TRUSTEE 1.00 X 0 0 0 PHIL EATON TRUSTEE-OUTGOING 1.00 X 0 0 0 ANDREW ERICKSON TRUSTEE 1.00 X 0 0 0 DAVID FLESHER TRUSTEE 1.00 X 0 0 0 NICHOLAS FOWLER 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 TRUSTEE 1.00 X 0 0 0 ANDREA LAIRSON CO-VICE CHAIR 1.00 X 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 OCTAVIO MORALES 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 1.00 X 0 0 0 MARK TOONE TRUSTEE 1.00 X 0 0 0 BRENDA WILLIAMS TRUSTEE 1.00 X 0 0 0 TERRI WILSON TRUSTEE 1.00 X 0 0 0 BECK TAYLOR TRUSTEE-PRESIDENT 40.00 X X 357831 0 152163 LAWRENCE PROBUS VP FOR FINANCE AND ADMINISTRATION 40.00 X 178954 0 37271 DR CAROLINE SIMON PROVOST AND EXECUTIVE VICE PRESIDENT 40.00 X 189135 0 23369 DR SCOTT MCQUILKIN VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 180952 0 22675 MR GREG ORWIG VP ADMISSIONS AND FINANCIAL AID 40.00 X 144226 0 64631 DR TIMOTHY WILKINSON DEAN, SCHOOL OF BUSINESS 40.00 X 162937 0 45163 DR NOELLE WIERSMA DEAN, COLLEGE OF ARTS & SCIENCES 40.00 X 140723 0 19521 KENNETH BROWN CHIEF INFORMATION OFFICER 40.00 X 139725 0 19370 MRS RHOSETTA RHODES VP FOR STUDENT LIFE 40.00 X 139454 0 12653 DR DALE SODEN PROFESSOR - HISTORY 40.00 X 136602 0 18772 1770539 0 415588 25 0 1 0 SODEXO CAMPUS SERVICES 9801 WASHINGTONIAN BLVD MS 31 GAITHERSBURG MD 20878 FOOD SERVICES 4052243 WALKER CONSTRUCTION PO BOX 3901 SPOKANE WA 992203901 CONSTRUCTION/LANDSCAPE 1901122 BOUTEN CONSTRUCTION COMPANY PO BOX 3507 SPOKANE WA 99220 CONSTRUCTION/LANDSCAPE 1552037 AM LANDSHAPER 8004 N MARKET ST SPOKANE WA 992178107 CONSTRUCTION/LANDSCAPE 573799 ELLUCIAN COMPANY LP 4 COUNTRY VIEW RD MALVERN PA 19355 COMPUTER SERVICES 485832 31 90567 4206072 1299174 10498507 1673050 16094320 TUITION AND FEES 611710 111018851 111018851 AUXILIARY ENTERPRISES 611710 12834485 12834485 SALES AND SERVICES 611710 1488168 1488168 125341504 6485500 8243 6477257 17939 11563 6376 6376 6376 170235055 172902598 -2667543 -2667543 -2667543 91287 90567 54204 37083 37083 145297240 125341504 8243 3853173 58110539 58110539 1599252 255150 1056060 288042 36177258 24861762 10434310 881186 2417676 1610231 734041 73404 8261972 5824386 2312436 125150 2565890 1719146 769767 76977 43583 17433 25278 872 110000 110000 138054 138054 579804 336286 243518 1660183 989030 552059 119094 734074 513852 146815 73407 2456172 1424580 982469 49123 2115254 1269152 782644 63458 4591 4591 3989313 2832412 1117008 39893 2105106 947298 1052553 105255 1978357 1187014 593507 197836 3506907 3506907 5515827 4578137 882532 55158 229158 171869 52706 4583 STUDENT DINING PROGRAM/ 4040878 3232702 404088 404088 FED GRANT ADMIN EXPENSE 861907 861907 EQUIPMENT/REPAIRS/OTHER 755580 453348 294676 7556 SUBSCRIPTIONS, PUBLICAT 578626 260379 289316 28931 140535961 114968111 22592265 2975585 4125681 4156694 5975910 6885424 2186578 2593548 3803554 3401049 114282 99518 1704129 1631941 201234011 94781334 106303237 106452677 101470546 119152068 52288294 40208475 25353416 25604933 303325627 310186327 8918831 9032729 3192204 3213826 1629452 1582107 67921421 67529981 11415000 9920000 4761650 3728670 97838558 95007313 X 63418724 66237344 55510240 59524490 86558105 89417180 205487069 215179014 303325627 310186327 X 4761279 4834480 96186 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 5369 1 0 0 5369 0 PART II-B, LINE 1: THE UNIVERSITY BELONGS TO THE INDEPENDENT COLLEGES AND UNIVERSITIES OF WASHINGTON AND THE NATIONAL ASSOCIATION OF INDEPENDENT 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 2019 WAS $4,706. NAICU INDICATED THE ESTIMATED AMOUNT OF THE UNIVERSITY FEES DEDICATED TO LOBBYING IN FYE 2019 WAS $663. 151179044 1966607 7201718 4299800 156047569 141884815 4575301 9436289 4018807 698554 151179044 127378713 2743604 15525736 3763238 141884815 129431885 4753554 -3278805 3527921 127378713 125935087 3059206 3660670 3223078 129431885 0.10480 0.56240 0.33280 1 0 4932562 4932562 148124885 67660705 80464180 18074393 12779510 5294883 30102171 14341119 15761052 106452677 COMMODITIES 611860 F REAL ESTATE INVESTMENT 10924540 F NOTES REC. COLL/REAL ESTATE 23000 F SINGLE PREMIUM LIFE INS. POLICY 161317 F LIMITED PARTNERSHIPS 1373855 F PRIVATE EQUITY FUNDS 10272647 F CASH/SHORT TERM SECURITIES 7985849 F FIXED INCOME 8855407 F 40208475 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 21701496 DEPOSITS HELD BY TRUSTEE 2903437 OTHER ASSETS - COSTA RICA LAND 1000000 25604933 STUDENT DEPOSITS 1736696 ASSET RETIREMENT OBLIGATION 1060025 INTEREST RATE EXCHANGE LIABILITY 931949 3728670 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, 2019 AND 2018. 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 - CAPITAL CONTRIBUTIONS TO WHITWORTH COSTA RICA LIMITADA ACADEMIC INSTRUCTION 122650 CENTRAL AMERICA AND THE CARIBBEAN 1 1 CAPITAL CONTRIBUTIONS FOR PLANT INVESTMENT ACADEMIC INSTRUCTION 220000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 369254 SUB-SAHARAN AFRICA (SOUTH AFRICA) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 78968 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 74657 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 18998 2 2 0 0 2 2 884527 0 884527 1 0 1 1 1 0 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 138054 -138054 138054 -138054 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 147114 83267 63847 2015 24127 4403 GOLF-SPOKANE 34740 7300 27440 22400 1259 181854 90567 91287 2015 46527 5662 54204 37083 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE UNIVERSITY PAID WESTFALL GOLD PROFESSIONAL FEES FOR CONSULTING AND OVERSIGHT OF ITS UPCOMING SPRING 2019 DONOR GALA EVENT. EXPENSE PAYMENTS AND REIMBURSEMENTS ARE DISTINGUISHABLE FROM PAYMENTS FOR PROFESSIONAL SERVICES ON EACH INVOICE. DURING FYE 2019, THE UNIVERSITY PAID $138,054 FOR PROFESSIONAL FUNDRAISING SERVICES AND AND $103,712 FOR EVENT FEES AND REIMBURSEMENTS. 1 FINANCIAL AID FOR TUITION, ROOM AND BOARD EXPENSES 2374 58110539 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 1 1 X X X X 0 1 0 0 0 0 0 0 0 BECK TAYLOR TRUSTEE-PRESIDENT 313759 0 0 0 44072 0 95820 0 56343 0 509994 0 0 0 LAWRENCE PROBUS VP FOR FINANCE AND ADMINISTRATION 134122 0 0 0 44832 0 15003 0 22268 0 216225 0 0 0 DR CAROLINE SIMON PROVOST AND EXECUTIVE VICE PRESIDENT 157757 0 0 0 31378 0 15043 0 8326 0 212504 0 0 0 DR SCOTT MCQUILKIN VP FOR INSTITUTIONAL ADVANCEMENT 157021 0 0 0 23931 0 14349 0 8326 0 203627 0 0 0 MR GREG ORWIG VP ADMISSIONS AND FINANCIAL AID 126004 0 0 0 18222 0 12336 0 52295 0 208857 0 0 0 DR TIMOTHY WILKINSON DEAN, SCHOOL OF BUSINESS 123815 0 0 0 39122 0 14137 0 31026 0 208100 0 0 0 DR NOELLE WIERSMA DEAN, COLLEGE OF ARTS & SCIENCES 133041 0 0 0 7682 0 11244 0 8277 0 160244 0 0 0 KENNETH BROWN CHIEF INFORMATION OFFICER 126128 0 0 0 13597 0 11102 0 8268 0 159095 0 0 0 MRS RHOSETTA RHODES VP FOR STUDENT LIFE 131746 0 0 0 7708 0 11094 0 1559 0 152107 0 0 0 DR DALE SODEN PROFESSOR - HISTORY 103024 0 0 0 33578 0 10545 0 8227 0 155374 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. PART I, LINE 4B DR. BECK TAYLOR PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN UNDER SECTION 457(F). A $69,000 NON-VESTED CONTRIBUTION WAS MADE DURING FY2019, WHICH IS A PART OF COLUMN C IN PART II. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781V31 2016-12-22 50409479 CONSTRUCTION OF ATHLETIC BUILDING AND REFUNDING OF A PRIOR ISSUE 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781P20 2012-03-01 20065060 DINING HALL ADDITION; NEW STUDENT REC CENTER; NEW RESIDENT HALL DESIGN; REPA 0 0 0 A 2955000 52040059 41768800 532079 2387953 5698260 1652967 0 1 0 1 B 1645000 20173305 1242678 1085375 372499 17472752 2015 0 0 1 1 A 0 1 1 1 0 0 0 1 B 0 1 1 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 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 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). 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. 1140548 UTILITY EXPENSE 0 X 2 3750 N/A X 10300 COST X 12 1305278 FAIR MARKET VALUE X 1 10026 FAIR MARKET VALUE X 2 283988 APPRAISAL X MISCELLANEOUS 9 59707 COST 1 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 2019; 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 2019; 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 658,119. CHANGE IN VALUE OF OUTSIDE TRUSTS 1,129,240. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 35,267. IMPAIRMENT OF COSTA RICA PROPERTY -1,726,440. 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 124731 2725804 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 (61) CHARITABLE TRUST WA N/A T 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 THE WHITWORTH FOUNDATION C 4206072 CASH CONTRIBUTION WHITWORTH COSTA RICA LIMITADA B 342650 CASH EMPLOYER CONTRIBUTION VEBA TRUST R 237106 CASH