2018-02-27T16:16:00-07:00 2017-06-30 990 2016-07-01 930634049 MARYLHURST UNIVERSITY MARY 5036368141 PO Box 261 Marylhurst OR 970360261 Jennifer Chambers VP for Finance & Administration 5036368141 2018-02-27 198.236.244.111 2016 2021-01-29 14:40:06Z Melody Rose PO Box 261 Marylhurst OR 970360261 25810580 0 0982 X www.marylhurst.edu X 1893 OR Marylhurst University is a Catholic liberal arts university providing higher education through both on-campus and on-line educational programs. 27 27 467 27 0 0 1375992 1484963 14201130 12149816 729488 1494951 429375 430094 16735985 15559824 1522333 2134949 0 0 10481853 9379696 0 0 452352 7969292 6782789 19973478 18297434 -3237493 -2737610 39895993 37543851 3321589 2777893 36574404 34765958 Marylhurst University is a Catholic liberal arts university nationally recognized for its dedication to excellence in the education of self-directed adult learners seeking relevant, rigorous and innovative undergraduate and graduate programs. Students of all ages and walks of life come to Marylhurst to transform their lives in some way; here, they get very personalized attention to help them do just that. Through both on-campus and online programs, Marylhurst creates collaborative learning environments that value and challenge each individual, with a focus on clearly defined outcomes. Marylhurst excels in integrating professional programs and the liberal arts through curriculum that emphasizes interdisciplinary learning and prepares students to lead lives of ethical leadership, service and social responsibility. 0 0 11076722 2134949 12149816 Higher Education student population: 570 undergraduate students and 556 graduate students. Higher Education degrees granted: 1148 bachelor degrees and 182 graduate degrees. 0 0 0 11076722 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1370 0 1 467 1 0 0 0 0 0 1 1 0 0 0 1 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OR X Madeline Jaross 5036368141 Marylhurst University PO Box 261 Marylhurst OR 970360261 Scott Bolton Trustee, Board Chair 1 0 X 0 0 0 Chip Terhune Trustee, Board Vice Chair 1 0 X 0 0 0 Kristin Stathis Trustee, Board Secretary 1 0 X 0 0 0 Mary Breiling SNJM Trustee 1 0 X 0 0 0 Mary Burke SNJM Trustee 1 0 X 0 0 0 Roswitha Frawley SNJM Trustee 1 0 X 0 0 0 Jane Hibbard SNJM Trustee 1 0 X 0 0 0 Carol Higgins SNJM Trustee 1 0 X 0 0 0 Lynda Thompson SNJM Trustee 1 0 X 0 0 0 William C Barr Trustee 1 0 X 0 0 0 Steve Brown Trustee 1 0 X 0 0 0 Rebecca DeCesaro Trustee 1 0 X 0 0 0 Judie Hammerstad Trustee 1 0 X 0 0 0 Sue Hildick Trustee 1 0 X 0 0 0 Greg Hogensen Trustee 1 0 X 0 0 0 Kathleen Kee Trustee 1 0 X 0 0 0 Diana Pierce Knox Trustee 1 0 X 0 0 0 Andy MacRitchie Trustee 1 0 X 0 0 0 Brenda Meltebeke Trustee 1 0 X 0 0 0 Kirk Mouser Trustee 1 0 X 0 0 0 Vicki Nakashima Trustee 1 0 X 0 0 0 Soo Pak Trustee 1 0 X 0 0 0 Martin Ringle Trustee 1 0 X 0 0 0 Sam W Shoen MD Trustee 1 0 X 0 0 0 Tim Stempel Trustee 1 0 X 0 0 0 Victor Vasquez Trustee 1 0 X 0 0 0 Stephen P Zimmer Trustee 1 0 X 0 0 0 Melody Rose President 40 X 267704 0 14306 Ann Marie Fallon Provost 40 X 142120 0 10603 Sr Joan Saalfeld VP for Mission Integration 10 X 15523 0 0 Jennifer Chambers VP Finance & Administration 40 X 6462 0 791 Nicola A Sysyn VP for University Advancement 40 X 102000 0 11006 Stuart Alan Noble-Goodman Director of School of Business 0 0 X 104167 0 7480 Elizabeth Woodward VP for Enrollment Management 0 X 94353 0 9122 Debra Meyers VP for Finance & Campus Services 0 X 63073 0 4977 Judith Johansen President 0 X 50880 0 0 846282 0 58285 4 1 1 0 NCS Pearson Inc 13036 Collection Center Drive Chicago IL 60693 Educational Assessment 1858101 VOYA PO Box 3015 Portland OR 972084167 Retirement Investment Services 577495 VISA 5000 Meadows Road Lake Oswego OR 97035 Banking 417666 BON APPETIT PO Box 417632 Boston MA 022417632 Campus Food Services 331045 Google AdWords Dept 33654 PO Box 39000 San Francisco CA 94139 Advertising 163809 10 0 0 102520 0 65852 1316591 206968 1484963 Tuition 611310 12149816 12149816 0 0 0 0 0 0 12149816 599600 0 0 599600 0 0 0 0 0 0 0 0 315559 0 91812 0 223747 0 223747 0 0 223747 10922556 0 10027205 0 895351 0 895351 0 0 895351 23622 102520 48961 -25339 0 -25339 0 0 0 0 0 0 132545 82778 49767 0 0 49767 Billing Fees 611310 17815 0 0 17815 Library Fees 611310 8276 0 0 8276 155828 0 0 155828 181919 15559824 12149816 0 1925045 X 0 0 2134949 2134949 0 0 0 0 890522 379201 417271 94050 6263105 4719683 1390065 153357 107512 72384 30452 4676 1562724 1060103 445989 56632 555833 374220 157436 24177 51640 51640 1096 1096 58952 58952 2396827 1458741 925629 12457 628607 3738 624869 527337 192673 293373 41291 537900 269732 254413 13755 909 909 780207 22903 755082 2222 118980 92928 23697 2355 29328 12771 16557 1830 1830 1177875 133749 1044126 114450 114450 Food 119724 57277 15132 47315 Small Equipment 3674 1815 1859 Memberships 169932 86433 83434 65 63521 2513 61008 18297434 11076722 6768360 452352 1521160 1852493 1389448 1417241 335842 164067 641957 448709 0 0 451540 371990 90045 84264 452202 488917 34850186 21178658 14856439 13671528 20157360 19044642 0 0 0 0 39895993 37543851 1561887 1243325 0 0 343238 255831 0 0 0 0 0 0 10989 0 175000 140000 1230475 1138737 3321589 2777893 X 16831454 13462368 4229314 5533815 15513636 15769775 36574404 34765958 39895993 37543851 X -2737610 949956 0 0 0 -20792 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 110653 0 0 X X 1 18979755 208574 2439683 994651 -7929 112024 20529266 23219905 478522 -3442412 1291389 -127616 112487 18979755 22250129 521539 1459832 881318 -3127 133404 23219905 19181757 755097 3104467 851315 -174048 113927 22250127 17548360 138477 2278578 848748 -165931 100841 19181757 0 1 0 0 0 0 217505 217505 0 22902869 14809899 8092970 0 0 0 0 0 3641455 3056313 585142 0 8088357 3312446 4775911 13671528 0 US Government Grants Refundable 332414 Unitrust, annuity and Agency Funds 11190 FIN 47 Asset Retirement Obligation 795133 1138737 X 14539430 949956 0 0 223551 1173507 13365923 58952 2134949 2193901 15559824 16347876 0 0 0 244343 244343 16103533 58952 2134949 2193901 18297434 Schedule D, Part III, Line 4 The University has a small collection of art, historical treasures and other similar assets. The collection includes paintings, pictures, statues and a doll collection. Some pieces have been purchased by the University. Parts of the collection are on display. Schedule D, Part V, Line 4 83% of the endowment supports scholarships, while the remaining 17% contribute to the University in general support, including English, Literature, Music and Writing faculty. Schedule D, Part X, Line 2 Footnote 2(g) reads: The Internal Revenue Service has recognized the University as exempt from federal income taxes under the provisions of Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3) of the Internal Revenue Code except to the extent of unrelated business income under Sections 511 through 515. The University accounts for uncertainty in income taxes in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) No. 740-10, Income Taxes, however, management has not recorded a provision as of June 30, 2017, as unrelated business income, if any, is immaterial to the financial statements. Schedule D, Part XI, Line 2d Cost of Goods Sold of $82,778; depreciation of leased buildings of $74,251; maintenance of leased buildings of $17,561; and fundraising expenses of $48,961. Schedule D, Part XI, Line 4b Tuition discounts Schedule D, Part XII, Line 2d COGS - $82,778, Fund Raising Exp - $48,961, Depr of leased & rented bldgs - $74,251, Mx of leased & rented bldgs - $17,561, Split interest agreement $20,792 Schedule D, Part XII, Line 4b Tuition discounts 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Marylhurst University runs a display advertisement in the Portland Tribune each spring in conjunction with the recruitment for the upcoming academic year. The advertisement last ran May 25, 2017. Schedule E, Part I, Line 6 The university receives student financial aid from sate and federal agencies. Schedule E, Part I, Line 6a The university receives student financial aid from sate and federal agencies. Golf 2016 59967 46295 13672 0 1343 13200 528 0 11614 Dinner 2017 66175 56225 9950 1423 0 0 1923 5625 13305 0 126142 102520 23622 1423 1343 13200 2451 5625 24919 48961 -25339 1 Tuition Discounts 469 0 1091256 Total amount of tuition discounts credited to student account balances The university offers tuition discounts to members of the Armed Services, as well as other sutdents Supplemental Education Opportunity Grant (SEOG) 84 20392 0 Actual dollars paid out to students The University matches federal funds dedicated for the SEOG program at the ratio of one dollar for every three dollars of federal aid received. University Scholarships 292 1023302 0 Actual dollars paid out to students University scholarships are provided from endowed, temporarily restricted and unrestricted funds. Generall, they originate from a donor contribution made in order to establish or dund a university scholarship Schedule I, Part I, Line 2 The aid provided is in the form of scholarships and discounts awarded to students. The University has a well-developed system of internal controls for Admissions, Financial Aid, Registration, Student Accounts and Accounting. The system is monitored by experienced staff who ensure the use of aid is in compliance with all governing laws, regulations and policies. X 0 1 X X X 1 0 0 0 0 0 0 0 0 Melody Rose President 250704 0 17000 0 0 0 0 0 14306 0 282010 0 0 0 Schedule J, Part I, Line 1a The University pays membership dues to the University Club of Portland Schedule J, Part I, Line 1b The University has strong policies and procedures established in the University Accounting Department and a developed procurement policy. Although there isn't a spending policy which addresses payment of social dues for its officers, there are policies and procedures for ensuring that expenditures are incurred for business purposes. the membership fees are for business and thus were properly authorized and processed in the University Accounting Department. Schedule J, Part I, Line 4 The University made severance payments totaling 50,880 to Judith Johansen, (former) President. X 2 1775 FMV X 11 152358 Ending FMV on day received X 21 24312 Cost X Travel & Recreation 29 9891 FMV X Tickets & Similar 16 2554 FMV X Other 60 16079 FMV 0 0 1 1 Schedule M, Part I The number reported on Schedule M, Part I in Column (b) represents the number of contributions received, and does not represent a tally of the number of individual items received. Schedule M, Part I, Line 9 When the University is notified of a stock donation, the University's Advancement Department separates the donation by stock symbol and assigns a unique ID to each group of stocks. The unique IDs are then counted to determine the number of security contributions. Accordingly, each group of stocks is counted as one donation. Schedule M, Part I, Line 32b For gifts of stock, prospective donors notify the University's Advancement Department of their intent to donate stock. the Advancement department provides the donor with the Charles Schwab account number, records the gift into the door receiving record at closing FMV on the gift date, assigns a unique gift identification number, and notifies the Controller. The Controller authorizes the immediate sale of stock upon receipt in accordance with policy. Charles Schwab sells the stock with a market order upon request. Form 990, Part VI, Section B, Line 11b The Board of Trustees has delegated the review of the form 990 to the Audit Committee. Prior to filing, the Form 990 is reviewed internally by the Audit Committee, President, Vice President for Finance and Administration after being prepared by the Controller. Subsequent to this review, the Audit Committee reports back to the Board of Trustees regarding its oversight of the Form 990. The final Form 990 is made available to all members of the Board of Trustees prior to filing the return with the IRS. The form 990 is electronically filed. Paper copies are made available upon request. Form 990, Part VI, Section B, Line 12c Key employees, officers and Trustees annually review and sign the University's Conflict of Interest Disclosure form. The Board of Trustees is made aware of any conflicts of interest. Those with conflicts of interest are to refrain from participating in consideration of proposed transactions unless the Board or Administration requests information or interpretation. trustees or officers with conflicts shall not vote. At the request of the Board Chair, the covered person with a conflict may be asked to leave the meeting during discussion and/or vote. Human Resources and the President's Office monitor for compliance. Form 990, Part VI, Section C, Line 19 While tax laws do not mandate that the University's governing documents, conflict of interest policy and financial statements be made available for public inspection, the University makes these documents available upon request. Form 990, Part IX, Line 11g Total expense is related to contracted services; $1.86M of which was incurred for services provided by NCS Pearson Inc. Form 990, Part XI, Line 9 Change in split interest agreement of -$20,972. Charitable Remainder Trust PO Box 261 Marylhurst OR 970360261 Charitable Remainder Trust OR N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0