2020-03-19T17:20:08-05:00 2019-05-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2018-06-01 930386972 WILLAMETTE UNIVERSITY WILL 5033706974 900 STATE STREET SALEM OR 97301 DANIEL VALLES VP FOR FINANCE AND TREASURER 5033706974 2020-03-18 1 WENDY CAMPOS P00448102 5032421447 2020-03-18 98.246.244.233 2020-03-18 17:04:28 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CEB32098E0DA78823741A708D31426FEC07C0BDB 2018 2020-09-23 17:36:50Z STEPHEN E THORSETT 900 STATE STREET SALEM OR 97301 154375297 0 X WWW.WILLAMETTE.EDU X 1842 OR WILLAMETTE UNIVERSITY PROVIDES RIGOROUS EDUCATION IN THE LIBERAL ARTS AND SELECTED PROFESSIONAL FIELDS. TEACHING AND LEARNING, STRENGTHENED BY SCHOLARSHIP AND SERVICE, FLOURISH IN A VIBRANT CAMPUS COMMUNITY. A WILLAMETTE EDUCATION PREPARES GRADUATES TO TRANSFORM KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION AND MEANING. 34 31 2006 495 414588 0 11024404 8843466 121196551 117667590 -161280 904841 1406695 610855 133466370 128026752 50188430 49411638 0 0 61320475 60005253 0 104985 5077205 32605201 32122319 144114106 141644195 -10647736 -13617443 470919843 461698461 109818023 106102197 361101820 355596264 X WILLAMETTE UNIVERSITY PROVIDES RIGOROUS EDUCATION IN THE LIBERAL ARTS AND SELECTED PROFESSIONAL FIELDS. TEACHING AND LEARNING, STRENGTHENED BY SCHOLARSHIP AND SERVICE, FLOURISH IN A VIBRANT CAMPUS COMMUNITY. A WILLAMETTE EDUCATION PREPARES GRADUATES TO TRANSFORM KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION AND MEANING. 0 0 117702592 49411638 103459843 HIGHER EDUCATION - INSTRUCTION AND SUPPORT: 1,775 IN THE COLLEGE OF LIBERAL ARTS, 306 IN THE COLLEGE OF LAW, 173 IN THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT, AND 63 IN THE JOINT DEGREE JD/MBA (2,317 STUDENTS). 10327287 0 14207747 HIGHER EDUCATION - AUXILIARY FUNCTIONS: INCLUDES ROOM & BOARD (FOR 1,129 STUDENTS) AND SUMMER CONFERENCES. 128029879 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 0 0 0 1 3807 0 1 2006 1 1 1 1 SP 0 0 0 1 1 0 0 0 0 0 0 X 34 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA CO DC MA MI MN NV OR SC WA X X X KENNETH L PIFER 5033706974 900 STATE STREET SALEM OR 97301 X JAMES F ALBAUGH TRUSTEE 1.00 X 0 0 0 MATTHEW S BENJAMIN TRUSTEE 1.00 X 0 0 0 BRYN A BERGLUND TRUSTEE - 5/31/19 1.00 X 0 0 0 ROBIN O BRENA TRUSTEE 1.00 X 0 0 0 KATHERINE S CAHILL TRUSTEE 1.00 X 0 0 0 CHARLOTTE P CARPENTER TRUSTEE 1.00 X 0 0 0 TRUMAN W COLLINS JR TRUSTEE 1.00 X 0 0 0 JAMES B CUNO TRUSTEE 1.00 X 0 0 0 JULIE D FILIZETTI TRUSTEE 1.00 X 0 0 0 JAMES A FITZHENRY TRUSTEE 1.00 X 0 0 0 ERIC M FRIEDENWALD-FISHMAN TRUSTEE 1.00 X 0 0 0 MELVIN HENDERSON-RUBIO TRUSTEE 1.00 X 0 0 0 JOSEPH F HOFFMAN TRUSTEE 1.00 X 0 0 0 BRIAN R HUFFT TRUSTEE 1.00 X 0 0 0 EVA M KRIPALANI TRUSTEE 1.00 X 0 0 0 KONRAD CHIP R KRUGER TRUSTEE 1.00 X 0 0 0 ELIZABETH J LARGE TRUSTEE 1.00 X 0 0 0 MICHAEL S MARTINEZ TRUSTEE 1.00 X 0 0 0 HEIDI A PATTERSON TRUSTEE 1.00 X 0 0 0 CRAIG S PESTI-STROBEL TRUSTEE - 5/31/19 1.00 X 0 0 0 LYNN E RISTIG TRUSTEE 1.00 X 0 0 0 KEVIN R SMITH TRUSTEE 1.00 X 0 0 0 MELISSA L SMITH TRUSTEE 1.00 X 0 0 0 PATRICIA C SMULLIN TRUSTEE 1.00 X 0 0 0 PATRICK J WAITE TRUSTEE 1.00 X 0 0 0 RODERICK C WENDT TRUSTEE 1.00 X 0 0 0 BJ WRIGHT TRUSTEE 1.00 X 0 0 0 DALE C SAUSE CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 LYNNE H SAXTON VICE CHAIR OF THE BOARD 1.00 X X 0 0 0 SEAN B O'HOLLAREN SECRETARY 1.00 X X 0 0 0 KERRY R TYMCHUK ASSISTANT SECRETARY 1.00 X X 0 0 0 STEVEN E WYNNE IMMEDIATE PAST CHAIR OF THE BOARD 1.00 X X 0 0 0 STEPHEN E THORSETT PRESIDENT 40.00 X X 426981 0 182162 DANIEL VALLES VP FINANCE AND TREASURER 40.00 X X 197433 0 40218 COLLEEN KAWAHARA ADMINISTRATIVE SECRETARY 40.00 X 93674 0 11761 CURTIS BRIDGEMAN DEAN, COLLEGE OF LAW 40.00 X 253889 0 50182 RUTH FEINGOLD DEAN, COLLEGE OF LIBERAL ARTS 40.00 X 179498 0 35458 MICHAEL HAND INTERIM DEAN, ATKINSON GRADUATE SCHOOL OF MANAGEME 40.00 X 183545 0 29320 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 40.00 X 238701 0 45004 SEUNG HO SAM PARK DEAN, AGSM - 10/31/18 40.00 X 229962 0 14874 KENNETH PIFER CONTROLLER 40.00 X 158064 0 41046 EDWARD WHIPPLE VICE PRESIDENT FOR STUDENT AFFAIRS 40.00 X 171568 0 29582 NORMAN WILLIAMS ASSOCIATE DEAN FOR ACADEMIC AFFAIRS 40.00 X 211894 0 31790 SHELBY RADCLIFFE VICE PRESIDENT FOR ADVANCEMENT 40.00 X 256605 0 50563 DEBRA RINGOLD JELD_WEN PROFESSOR OF FREE ENTERPRISE 40.00 X 261398 0 38481 SYMEON SYMEONIDES ALEX L. PARKS DISTINGUISHED PROFESSOR OF LAW 40.00 X 266109 0 47195 SHANA SECHRIST VICE PRESIDENT FOR HUMAN RESOURCES AND RISK MANAGE 40.00 X 195973 0 44591 YVONNE TAMAYO PROFESSOR OF LAW, GENERAL COUNSEL 40.00 X 206986 0 31078 JAMES R BAUER VP FOR PLANNING, FACILITIES & EXTERN 40.00 X 138683 0 29768 3670963 0 753073 86 1 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 3660839 WILDISH PAVING CO PO BOX 40310 EUGENE OR 97404 CONSTRUCTION 838640 FXG CONSTRUCTION LLC 3833 CROISAN CREEK RD S SALEM OR 97302 CONSTRUCTION 768854 NUI GALWAY UNIVERSITY ROAD GALWAY H91 TK33 EI ACADEMIC PROGRAMS 500452 SHAW SPORTS TURF 185 S INDUSTRIAL BLVD CALHOUN GA 30701 CONSTRUCTION 328888 26 5460 1295014 7542992 638058 8843466 TUITION AND FEES 611310 103459843 103459843 ROOM AND BOARD FEES 721310 13560551 13560551 AUXILIARY INCOME 611710 647196 647196 117667590 913566 382773 530793 1960 1960 26324765 26333490 -8725 -8725 -8725 9298 5460 15055 -5757 -5757 OTHER INCOME 900099 614652 31815 582837 614652 128026752 117667590 414588 1101108 6250 6250 47762857 47762857 1642531 1642531 2957544 1284713 1372950 299881 167447 36173 131274 42326822 36937780 2866431 2522611 3732462 3495691 -3752 240523 7418330 6751874 209202 457254 3402648 3047059 151416 204173 345373 270067 70036 5270 143700 143700 104985 104985 1197738 1197738 3327692 2628316 282299 417077 815711 719827 92648 3236 2849916 2546572 51814 251530 1597789 1507261 9483 81045 2952133 2828364 122131 1638 2028017 1758820 69362 199835 172567 121123 13664 37780 2000350 1932700 67650 5840817 5602610 238207 1098230 15510 1082720 FOOD SERVICE 4154104 3936341 116457 101306 SPECIAL PROGRAMS 2294109 2099576 48937 145596 BOOKS AND PERIODICALS 829478 829478 MEMBERSHIPS 359645 153436 202744 3465 114950 114950 141644195 128029879 8537111 5077205 212044 380168 19434424 24866223 4338530 3859972 3665924 3144756 6983428 5675400 -17688 -17689 695394 792705 258746116 120003848 140935583 138742268 34261982 22444042 257019299 258637807 3390923 3172809 470919843 461698461 19184286 18097667 1944375 1506919 67493393 66045413 21195969 20452198 109818023 106102197 X 56075158 103771807 150909803 95841151 154116859 155983306 361101820 355596264 470919843 461698461 X -13617443 8187541 -75654 X 0 1 X 1 1 1 X 7713676 9500089 10272514 11024404 8843466 47354149 7713676 9500089 10272514 11024404 8843466 47354149 7997908 39356241 1444124 199988 230178 339778 532753 2746821 223641 223641 1526934 2687881 354753 1369612 582837 6522017 56846628 618090678 0.69230 0.73930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135472 5969225 0 0 X X X 0 0 0 258630480 4232851 8281150 4406926 7398561 1195591 258143403 240701156 6865714 23854468 3810478 7757467 1222913 258630480 229133489 3528612 21941870 3905787 8841907 1155121 240701156 245454444 4130352 -6353672 4015227 9195024 887384 229133489 236678165 2178723 19990691 4815105 8390249 187781 245454444 0.11290 0.58430 0.30280 1 0 8659554 8659554 180803815 72102432 108701383 15777952 12176058 3601894 7830746 6784374 1046372 45674049 28940984 16733065 138742268 MULTI-STRATEGY LIMITED PARTNERSHIP INVESTMENT FUND 249177658 F PRIVATELY POOLED FUNDS 8820841 F PRIVATE STOCK & PARTNERSHIP INTERESTS 639308 C 258637807 ANNUITIES AND TRUSTS PAYABLE 13584666 GOVERNMENT ADVANCES FOR STUDENT LOANS 6867532 20452198 X 85903009 8187541 -48745828 -40558287 126461296 1197738 367718 1565456 128026752 91408566 15055 15055 91393511 1197738 49052946 50250684 141644195 PART III, LINE 4: WILLAMETTE UNIVERSITY HAS A COLLECTION OF ART AND CULTURAL/HISTORICAL ARTIFACTS THAT CONSISTS OF PAINTINGS, PHOTOGRAPHS, CERAMICS, DRAWINGS, ARCHAEOLOGICAL ARTIFACTS, TEXTILES, SCULPTURES, NATIVE AMERICAN WOVEN BASKETS, AND OTHER MEDIA. THE COLLECTION IS VALUED AT $5,969,225 AND IS HELD IN THE UNIVERSITY ART MUSEUM. THE MUSEUM EXISTS TO SUPPORT THE LIBERAL ARTS CURRICULUM OF WILLAMETTE UNIVERSITY AND TO SERVE AS AN INTELLECTUAL AND CULTURAL RESOURCE FOR THE CITY OF SALEM AND BEYOND, THROUGH THE COLLECTION, PRESERVATION, EXHIBITION AND INTERPRETATION OF HISTORICAL AND CONTEMPORARY ART WITH AN EMPHASIS ON REGIONAL ART. PART V, LINE 4: THE ENDOWMENT FUNDS HELD BY THE UNIVERSITY ARE USED TO SUPPORT OPERATIONS, INCLUDING FINANCIAL AID, INSTRUCTION AND BUILDINGS. PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THE UNIVERSITY'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN BY THE UNIVERSITY AND HAS CONCLUDED AS OF MAY 31, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE UNIVERSITY'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO FISCAL 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -48,989,916. CHANGE IN VALUE OF ANNUITIES AND TRUSTS 250,588. PLEDGE ADJUSTMENTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -6,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS 382,773. FUNDRAISING EXPENSES NETTED WITH REVENUE ON 990 -15,055. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTED WITH REVENUE ON 990 15,055. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 48,989,916. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 63,030. 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 UNIVERSITY'S NON-DISCRIMINATION NOTICE WAS PUBLISHED IN THE OREGONIAN NEWSPAPER ON SEPTEMBER 20, 2018. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TITLE IV FUNDS FOR FINANCIAL AID PURPOSES, AS WELL AS FEDERAL AND STATE GRANTS FOR FACULTY RESEARCH AND PROGRAMMING PURPOSES. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 2 PROGRAM SERVICES STUDY ABROAD PROGRAM 982089 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDY ABROAD PROGRAM 603560 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING STUDY ABROAD PROGRAM 761356 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 34875 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING STUDY ABROAD PROGRAM 60725 SOUTH AMERICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 143510 SUB-SAHARAN AFRICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 38505 1 2 0 0 1 2 2624620 0 2624620 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 36 603560 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 51 761356 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 2 34875 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 4 60725 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SOUTH AMERICA 11 143510 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SUB-SAHARAN AFRICA 2 38505 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES 1 0 0 0 0 0 PART I, LINE 2: SCHOLARSHIPS/GRANTS AWARDED TO STUDENTS WHO ARE STUDYING ABROAD ARE APPLIED TO THEIR STUDENT ACCOUNTS. THE SCHOLARSHIPS OFFSET TUITION AND FEES TO REDUCE THE AMOUNT THAT STUDENTS OWE TO THE UNIVERSITY. THUS, THE STUDENTS DO NOT PHYSICALLY RECEIVE THE MONEY. PROCEDURES DO NOT DIFFER FROM THOSE APPLIED TO STUDENTS WHO ARE ATTENDING ON CAMPUS, OTHER THAN VERIFICATION OF PARTICIPATION AND COMPLETION OF THE PROGRAM. THE FOLLOWING ARE THE PROCEDURES FOLLOWED BY THE UNIVERSITY FOR MONITORING THE USE OF SCHOLARSHIP/GRANT FUNDS: THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILE ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED). PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACCRUAL METHOD. X X X X X X X 1 WEST WIND CONSULTING STRATEGIES IN FUND RAISING LLC 120 BRINDLEY STREET SUITE 7 ITHACA NY 14850 CONSULTING 0 0 104985 -104985 104985 -104985 AK AL AR AZ CA CO CT DC DE FL GA GU HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC SD TN TX UT VA VT WA WI WV WY 1 SCHOLARSHIPS TO STUDENTS 2116 47347385 OTHER STUDENT AWARDS AND PRIZES 170 415472 PART I, LINE 2: PROCEDURES FOR MONITORING OF SCHOLARSHIPS - THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILE ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED). PROCEDURES FOR MONITORING RESEARCH GRANTS - THERE ARE SEVERAL DIFFERENT DEPARTMENTS THAT OFFER RESEARCH GRANTS AT WILLAMETTE. EACH DEPARTMENT HAS DIFFERENT MONITORING PROCEDURES FOR THE USE OF GRANT FUNDS. HOWEVER, THE MONITORING PROCEDURES TYPICALLY INVOLVE THE FOLLOWING: A WRITTEN AND/OR VERBAL REPORT ON THE RESEARCH PROJECT MUST BE SUBMITTED DURING AND/OR AT THE CONCLUSION OF THE PROJECT; RECEIPTS MUST BE SUBMITTED FOR REIMBURSEMENT OF PROJECT EXPENDITURES. FINAL PAYMENT OF GRANT FUNDS IS OFTEN CONTINGENT ON THE AFOREMENTIONED ITEMS. THE DEPARTMENT THAT AWARDS THE GRANTS HANDLES THE RELATED MONITORING OF THOSE GRANT FUNDS. PROCEDURES FOR MONITORING OTHER AWARDS AND PRIZES - AWARD/PRIZE RECIPIENTS ARE DETERMINED BY CRITERIA ESTABLISHED BY THE RESPECTIVE DEPARTMENTS. DEPARTMENTS WORK WITH THE ACCOUNTING OFFICE TO MAKE SURE THAT THE AWARD FUNDS ARE DISBURSED TO THE CORRECT STUDENT OR FACULTY MEMBER. X X X X 0 1 X X X X 0 1 0 0 0 0 0 0 0 STEPHEN E THORSETT PRESIDENT 422176 0 0 0 4805 0 82418 0 99744 0 609143 0 0 0 DANIEL VALLES VP FINANCE AND TREASURER 197001 0 0 0 432 0 20500 0 19718 0 237651 0 0 0 CURTIS BRIDGEMAN DEAN, COLLEGE OF LAW 253043 0 0 0 846 0 25997 0 24185 0 304071 0 0 0 RUTH FEINGOLD DEAN, COLLEGE OF LIBERAL ARTS 178615 0 0 0 883 0 18500 0 16958 0 214956 0 0 0 MICHAEL HAND INTERIM DEAN, ATKINSON GRADUATE SCHO 179191 0 0 0 4354 0 18071 0 11249 0 212865 0 0 0 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 231987 0 0 0 6714 0 24000 0 21004 0 283705 0 0 0 SEUNG HO SAM PARK DEAN, AGSM - 10/31/18 229274 0 0 0 688 0 8077 0 6797 0 244836 0 0 0 KENNETH PIFER CONTROLLER 157552 0 0 0 512 0 16733 0 24313 0 199110 0 0 0 EDWARD WHIPPLE VICE PRESIDENT FOR STUDENT AFFAIRS 167148 0 0 0 4420 0 17000 0 12582 0 201150 0 0 0 NORMAN WILLIAMS ASSOCIATE DEAN FOR ACADEMIC AFFAIRS 211264 0 0 0 630 0 20009 0 11781 0 243684 0 0 0 SHELBY RADCLIFFE VICE PRESIDENT FOR ADVANCEMENT 250356 0 0 0 6249 0 38063 0 12500 0 307168 0 0 0 DEBRA RINGOLD JELD_WEN PROFESSOR OF FREE ENTERPRIS 256374 0 0 0 5024 0 25747 0 12734 0 299879 0 0 0 SYMEON SYMEONIDES ALEX L. PARKS DISTINGUISHED PROFESSO 258913 0 0 0 7196 0 26110 0 21085 0 313304 0 0 0 SHANA SECHRIST VICE PRESIDENT FOR HUMAN RESOURCES A 195325 0 0 0 648 0 20500 0 24091 0 240564 0 0 0 YVONNE TAMAYO PROFESSOR OF LAW, GENERAL COUNSEL 204143 0 0 0 2843 0 20445 0 10633 0 238064 0 0 0 JAMES R BAUER VP FOR PLANNING, FACILITIES & EXTERN 135840 0 0 0 2843 0 13900 0 15868 0 168451 0 0 0 PART I, LINE 1A THE UNIVERSITY PRESIDENT IS REQUIRED AS A CONDITION OF EMPLOYMENT TO MAINTAIN A PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE UNIVERSITY. THE HOUSING ARRANGEMENT IS FOR THE CONVENIENCE OF THE UNIVERSITY AND THE HOUSE IS USED FOR UNIVERSITY BUSINESS. THE PRESIDENT FLEW FIRST CLASS ON ONE OCCASION DURING THE FISCAL YEAR. CLUB MEMBERSHIPS WERE PROVIDED TO THE UNIVERSITY PRESIDENT AND THE DEAN OF THE GRADUATE SCHOOL OF MANAGEMENT AND ARE USED FOR UNIVERSITY BUSINESS MEETINGS. PERSONAL SERVICES CONSIST OF CUSTODIAL SERVICES FOR THE UNIVERSITY-OWNED RESIDENCE OCCUPIED BY THE PRESIDENT. PART I, LINE 1B ITEMS NOTED IN LINE 1A WERE PROVIDED BASED ON EMPLOYMENT AGREEMENTS WITH THE UNIVERSITY PRESIDENT AND OTHER EMPLOYEES, AND THE UNIVERSITY FOLLOWED THE PROVISIONS OF THESE AGREEMENTS REGARDING PAYMENT/REIMBURSEMENT/ PROVISION OF THESE ITEMS. PART I, LINE 4B THE EMPLOYMENT AGREEMENT FOR PRESIDENT THORSETT INCLUDES A LONGEVITY BONUS EQUAL TO 10% OF HIS BASE SALARY FOR EACH OF THE FIVE YEARS FOLLOWING JULY 1, 2016, PAYABLE AFTER JUNE 30, 2021. DURING FISCAL YEAR 2017-2018, VICE PRESIDENT FOR ADVANCEMENT SHELBY RADCLIFFE SIGNED AN AGREEMENT WHICH PROVIDES A LONGEVITY BONUS EQUAL TO 5% OF HER SALARY, PAYABLE UPON COMPLETION OF 6 YEARS OF FULL SERVICE ENDING ON MAY 31, 2023. A STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JMC2 2010-05-06 28540002 SEE SCHEDULE K, PART VI 0 0 0 B STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 2016-07-14 22387590 SEE SCHEDULE K, PART VI 0 0 0 C STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JTZ4 2016-07-14 22815181 SEE SCHEDULE K, PART VI 0 0 0 D STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 2017-10-02 7680000 SEE SCHEDULE K, PART VI 0 0 0 A 4125000 9100000 28540002 438227 10405304 17696471 2012 0 1 1 1 B 50000 22387590 232892 22154698 0 1 1 1 C 22836561 304866 315181 9720449 12500000 0 1 1 1 D 730000 7680000 100000 7580000 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 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 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/01/2015 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 5/6/10 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE SERIES 2010 BONDS WERE USED TO REPAY THE OUTSTANDING LINE OF CREDIT, TO ADVANCE REFUND THE REMAINING BALANCES OF THE SERIES 2004 (ISSUED JUNE 30, 2004) AND SERIES 2005 (ISSUED AUGUST 18, 2005) BONDS, TO PROVIDE FUNDING FOR SEVERAL CAPITAL PROJECTS, AND TO ASSIST WITH OTHER FACILITY UPGRADES AND IMPROVEMENTS. (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 7/14/16 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2016 SERIES A BONDS WERE USED TO REFUND THE MAJORITY OF THE 2007 SERIES A BONDS. (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 7/14/16 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2016 SERIES B BONDS WERE USED TO REFUND THE SERIES 2014 BONDS AND TO FUND $10 MILLION IN RESIDENCE HALL AND SPORTING FACILITIES UPGRADES. (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 10/2/17 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2016-C SERIES BONDS WERE USED TO REFUND A PORTION OF THE SERIES 2014 BONDS (WHICH CONTAINED THE REMAINING UNPAID BALANCES OF THE SERIES 1994 BONDS) AS WELL AS A PORTION OF THE SERIES 2007 BONDS (WHICH CONTAINED THE REMAINING UNPAID BALANCES OF THE SERIES 1991 BONDS). 40500 SCHOLARSHIP TO ASSIST WITH FUNDING WILLAMETTE UNDERGRADUATE EDUCATION RACHEL DEWEY THORSETT SEE PART V 36173 EMPLOYMENT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: RACHEL DEWEY THORSETT(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:SPOUSE OF OFFICER STEPHEN THORSETT X 19 115401 OPINION OF EXPERTS X 4 20071 OPINION OF EXPERTS X 25 444917 REPORTED MARKET VALUE X TRUST INTERESTS 2 57669 OPINION OF EXPERTS 4 0 1 0 PART I, COLUMN (B): REPRESENTS THE NUMBER OF DONORS WHO MADE CONTRIBUTIONS FOR THE APPLICABLE CATEGORIES. PART I, LINE 33: $2,115 WAS NOT INCLUDED IN REVENUE BECAUSE NON-ART IN-KIND DONATIONS UNDER $5,000 ARE NOT RECORDED IN GENERAL LEDGER PER POLICY. FORM 990, PART VI, SECTION A, LINE 2 RODERICK WENDT, TRUSTEE, AND STEVEN WYNNE, TRUSTEE, ARE IN A BUSINESS RELATIONSHIP. EVA KRIPALANI, TRUSTEE, AND ELIZABETH LARGE, TRUSTEE, ARE IN A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THAT CAN ONLY BE ACCESSED BY MEMBERS OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE RETURN. NEXT, THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THAT CAN BE ACCESSED BY ALL MEMBERS OF THE BOARD OF TRUSTEES. THEY ARE NOTIFIED VIA EMAIL THAT THE FORM IS AVAILABLE FOR THEIR REVIEW. AFTER THE FORM HAS BEEN MADE AVAILABLE FOR REVIEW BY ALL NOTED PARTIES, IT IS MODIFIED (IF NECESSARY), FINALIZED, AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED AND REVIEWED ANNUALLY TO THOSE WHOM IT APPLIES: OFFICERS, MEMBERS OF THE BOARD OF TRUSTEES AND KEY EMPLOYEES. ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES MUST COMPLETE, SIGN AND RETURN THE POLICY TO THE PRESIDENT OR THE VICE PRESIDENT FOR FINANCE. THE BOARD'S PROCESS FOR ADDRESSING CONFLICTS OF INTEREST IN ACCORDANCE WITH THE ADOPTED ABOVE-REFERENCED POLICY IS AS FOLLOWS: "IF AN INDIVIDUAL BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST, THE INDIVIDUAL SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT ON A FORM TO THE CHAIRMAN OF THE BOARD OF TRUSTEES OR PRESIDENT, OR THE CHAIR OF ANY COMMITTEE OF THE BOARD CONSIDERING THE MATTER, AND SHALL REFRAIN FROM PARTICIPATING ON BEHALF OF THE UNIVERSITY IN THE MATTER TO WHICH THE CONFLICT RELATES UNTIL THE CONFLICT QUESTION HAS BEEN WAIVED BY VOTE OF THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD AFTER THE MATERIAL FACTS OF THE TRANSACTION AND THE INDIVIDUAL'S INTEREST ARE DISCLOSED OR KNOWN TO THE BOARD OR COMMITTEE OF THE BOARD, OR OTHERWISE RESOLVED IN COMPLIANCE WITH THE OREGON NONPROFIT CORPORATION ACT (ORS CH. 65)." THE BOARD CHAIR, BOARD TREASURER, AND ADMINISTRATIVE SECRETARY TO THE BOARD MONITOR COMPLIANCE ON AN ONGOING BASIS. MONITORING ACTIVITIES MAY INCLUDE REVIEW OF MEETING MINUTES BY THE ADMINISTRATIVE SECRETARY TO IDENTIFY POTENTIAL/DEVELOPING CONFLICTS OR CONFLICTS THAT MAY HAVE ALREADY OCCURRED AND INFORMAL DISCUSSIONS WITH COMMITTEE CHAIRS OR BOARD OFFICERS TO RAISE AWARENESS OF CONFLICTS AND POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A AN AD HOC COMMITTEE OF MEMBERS OF THE BOARD OF TRUSTEES ESTABLISHED THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY. THE COMMITTEE CONSISTED OF THREE MEMBERS WHO DID NOT HAVE A CONFLICT OF INTEREST PER IRS REGULATIONS SECTION 53.4958-6(C)(1)(III). IN ORDER TO ESTABLISH AN APPROPRIATE LEVEL OF COMPENSATION, THE COMMITTEE GATHERED DATA FROM SIMILAR SIZED PRIVATE LIBERAL ARTS COLLEGES LOCATED IN THE NORTHWESTERN UNITED STATES. THE DATA FROM THE SCHOOLS WAS OBTAINED DIRECTLY FROM EACH INSTITUTION. IN ADDITION, A NATIONWIDE REVIEW OF COMPENSATION AS REPORTED ON THE 990'S OF OTHER SIMILAR SIZED PRIVATE LIBERAL ARTS UNIVERSITIES WAS PERFORMED. ONCE THE AMOUNT WAS DECIDED UPON, THE INFORMATION WAS PASSED ON TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SUBSEQUENTLY APPROVED THE COMPENSATION PACKAGE. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN AUGUST OF 2014. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY FILED FOR TAX EXEMPTION BEFORE JULY 15, 1987 AND DID NOT HAVE A COPY OF FORM 1023 ON FILE AT THAT TIME AND IS THEREFORE NOT REQUIRED TO MAKE FORM 1023 PUBLICLY AVAILABLE. THE UNIVERSITY INSTEAD POSTS A COPY OF ITS CURRENT IRS EXEMPTION LETTER ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, BYLAWS AND ARTICLES OF INCORPORATION ARE POSTED ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A, LINE 1A THE TREASURER OF THE ORGANIZATION IS NOT CONSIDERED A TRUSTEE BUT IS CONSIDERED A MEMBER OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THIS POSITION IS REPORTED AS A DIRECTOR/TRUSTEE ON THE FORM 990 BECAUSE MEMBERS OF THE EXECUTIVE COMMITTEE HAVE THE RIGHT TO VOTE ON CERTAIN BOARD MATTERS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES AND TRUSTS 250,589. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -382,773. NONCASH EMPLOYEE BENEFITS NOT RECORDED ON FINANCIAL STATEMENTS 63,030. PLEDGE WRITE-OFF DUE TO NONPERFORMANCE -6,500. WILLAMETTE ANGEL FUND LLC 900 STATE STREET SALEM OR 97301 271638088 INVESTMENT OR 23616 639308 WILLAMETTE UNIVERSITY WUE INVESTMENTS HOLDINGS LP 550 S TRYON STREET SUITE 3500 CHARLOTTE NC 28202 331168742 INVESTMENT DE GLOBAL ENDOWMENT MANAGEMENT EXCLUDED 11706328 235482286 0 0 0.99980 CHARITABLE REMAINDER TRUSTS (37) 900 STATE STREET SALEM OR 97301 BENEFICIAL INTEREST OR N/A T 0 IRREVOCABLE NON-QUALIFIED TRUST 900 STATE STREET SALEM OR 97301 BENEFICIAL INTEREST OR N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 WUE INVESTMENTS HOLDINGS LP S 10159435 FAIR MARKET VALUE WUE INVESTMENTS HOLDINGS LP B 11805487 FAIR MARKET VALUE