2018-03-16T16:45:34-05:00 2017-06-30 910189318 Moss Adams LLP PO Box 22650 Yakima WA 989072650 990 2016-07-01 910564993 Saint Martin's University SAIN 3604384534 5000 Abbey Way SE Lacey WA 98503 Edward J Barton Vice President of Finance 3604384534 2018-03-13 1 Colleen Ramires P01251320 5092487750 2018-03-13 50.35.123.13 2018-03-13 23:08:58 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 866574987CA565ABE6CC9265146BBE3F5B9624AD 2016 2021-01-29 14:40:06Z Roy Heynderickx 5000 Abbey Way SE Lacey WA 98503 58351870 0 X www.stmartin.edu X 1895 WA Saint Martin's University is a Catholic Benedictine institute of higher education that empowers students to pursue a lifetime of learning and accomplishment in all arenas of human endeavor. 37 36 1086 40 273624 -26028 2488963 6527476 47404735 49914376 27409 1175945 527644 320184 50448751 57937981 17050399 18953529 0 0 19280926 21360526 0 0 152871 15223639 15400309 51554964 55714364 -1106213 2223617 81095459 84603535 44013866 42027789 37081593 42575746 X Saint Martin's students learn to make a positive difference in their lives and in the lives of others through the interaction of faith, reason and service. The University honors both the sacredness of the individual and the significance of community in the ongoing journey of becoming. 0 0 18953529 18953529 Higher education: Student Financial Aid. Saint Martin's provides tuition assistance to more than 95% of its undergraduate student body in the form of scholarships, grants and loans. 11712484 44192473 Higher education: Instructional programs and related services for on-campus and extension students leading to undergraducate and graduate degrees. Saint Martin's serves approximately 1,395 students at our main campus in Lacey, WA and 386 students at our military extensions. Saint Martin's offers degrees in engineering, business, education and the liberal arts. 11657880 431422 Higher Education: Student Services for On-Campus and Extension Students leading to undergraduate and graduate degrees. 5527901 5012590 Higher education: Auxiliary services including food service, bookstore and student housing. 5527901 5012590 47851794 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 101 0 1 1086 1 1 1 0 0 0 0 1 1 0 0 0 0 X 37 36 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X Edward J Barton 3604384534 5000 Abbey Way SE Lacey WA 98503 Roy F Heynderickx President 50.00 X X 279431 0 93210 Joe Williams Board Chair 2.00 X X 0 0 0 Richard Panowicz Vice Chair 2.00 X X 0 0 0 Br Boniface V Lazzari OSB Secretary 2.00 X X 0 0 0 Fr Bede Classick OSB Treasurer 2.00 X X 0 0 0 Abbot Neal G Roth OSB Chancellor 2.00 X X 0 0 0 Joe Alongi Trustee 2.00 X 0 0 0 Ken Anderson Trustee 2.00 X 0 0 0 Sam Armour Trustee 2.00 X 0 0 0 Armandino Batali Trustee 2.00 X 0 0 0 Kathy Beecher Trustee 2.00 X 0 0 0 John Carr Trustee 2.00 X 0 0 0 Medrice Cullucio Trustee 2.00 X 0 0 0 Waite Dalrymple Trustee 2.00 X 0 0 0 Br Luke Devine OSB Trustee 2.00 X 0 0 0 Lori Drummond Trustee 2.00 X 0 0 0 Daniel Dugaw Trustee 2.00 X 0 0 0 Gerry Gallagher Trustee 2.00 X 0 0 0 Kathy Lombardo Trustee 2.00 X 0 0 0 Fr Kilian Malvey OSB Trustee 2.00 X 0 0 0 Matt Marcus Trustee 2.00 X 0 0 0 Fr Justin McCreedy OSB Trustee 2.00 X 0 0 0 Terry Monaghan Trustee 2.00 X 0 0 0 Br Bede Nicol OSB Trustee 2.00 X 0 0 0 Kathleen C O Grady Trustee 2.00 X 0 0 0 John O'Halloran Trustee 2.00 X 0 0 0 Dan O'Neill Trustee 2.00 X 0 0 0 Katie Opitz Trustee 2.00 X 0 0 0 George Parker Trustee 2.00 X 0 0 0 Gerald Pumphrey Trustee 2.00 X 0 0 0 Cliff Quisenberry Trustee 2.00 X 0 0 0 Patrick Rants Trustee 2.00 X 0 0 0 John Riel Trustee 2.00 X 0 0 0 Jay C Rudd Trustee 2.00 X 0 0 0 Court Stanley Trustee 2.00 X 0 0 0 Jessica Van Hatcher Trustee 2.00 X 0 0 0 Cynthia Worth Trustee 2.00 X 0 0 0 Molly Smith Provost 50.00 X 190181 0 30626 Edward Barton Vice President of Finance 50.00 X 104293 0 5768 Cecelia Loveless Vice President for Inst Adv 45.00 X 139880 0 20391 David Olwell Dean of Engineering 45.00 X 138069 0 13725 Joachim Beer Dean of Business 45.00 X 134020 0 25568 Pamela J Holsinger-Fuchs Dean of Enrollment 45.00 X 127917 0 30165 Josephine Yung Vice President of Int'l Programs 45.00 X 106340 0 16518 1220131 0 235971 10 0 1 0 BON APPETIT PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 2645692 ROYALL & COMPANY 1920 EAST PARHAM ROAD RICHMOND VA 232282206 MARKETING SERVICES 420998 MILLER-NASH ATTORNEYS AT LAW PO BOX 3585 PORTLAND OR 972083585 Legal Services 371322 Ellucian Company LP 62578 Collections Center Drive Chicago IL 606930625 Technology Services 164575 LaVision Inc 211 W Michigan Ave Suite 100 Ypsilanti MI 48197 Technology Services 164463 7 462831 1000000 54416 5010229 237638 6527476 Tuition and Fees 611310 44192473 44192473 Auxiliary Enterprises 611310 5282481 5012590 265624 4267 Misc Campus Revenue 611310 439422 431422 8000 49914376 1175022 1175022 187563 0 187563 187563 187563 45650 44727 923 923 923 501783 462831 369162 132621 132621 57937981 49636485 273624 1500396 18953529 18953529 683037 683037 16629110 14051894 2457849 119367 948342 825635 114674 8033 1829715 1567607 252000 10108 1270322 1053116 209435 7771 166922 166922 96945 96945 3049 3049 100922 100922 1535879 990296 545583 130905 89174 41731 579326 540383 31885 7058 312920 198230 114690 1224020 946717 277303 1202190 1135421 66769 1861706 983731 877975 2924001 1876822 1047179 224141 41404 182737 Food Service 2639500 2519658 119372 470 Equipment 725315 674889 50426 Dues and Subscription 539714 368692 171022 Repairs and Maintenance 407554 355625 51916 13 725300 678971 46278 51 55714364 47851794 7709699 152871 1831668 3021837 1939701 1918853 100649 977417 2108202 2931307 286870 305558 94764086 40573790 55598088 54190296 14523922 17948275 3271549 2311099 892207 769321 542603 229572 81095459 84603535 2572992 2616442 905984 1923205 27760187 27504681 476882 434351 12297821 9549110 44013866 42027789 X 21439062 22620482 3757078 6903914 11885453 13051350 37081593 42575746 81095459 84603535 X 2223617 850642 2419894 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 0 0 1 3050 3050 0 Part II-B, Line 1: The University pays dues of $76,244 to the Independent Colleges of Washington, who conducts lobbying activities on behalf of the University. 4% of the dues are devoted to lobbying. 17492322 2136715 2026198 974327 76252 20604656 17317429 1245998 -361696 642769 66640 17492322 16837641 686568 574949 716985 64744 17317429 15119759 420810 1990601 619402 74127 16837641 12673850 1655216 1538280 692332 55255 15119759 0.21590 0.63340 0.15070 1 0 77386839 27728306 49658533 10328530 8339053 1989477 7048717 4506431 2542286 54190296 Government Grants Refundable 972178 Annuities Payable 1862547 Intereset Rate Swap 6714385 9549110 X 42711575 850642 87425 2789056 3727123 38984452 18953529 18953529 57937981 37217422 87425 369162 456587 36760835 18953529 18953529 55714364 Part V, Line 4: The University's endowment consists of approximately 110 individual funds established for a variety of purposes. Part X, Line 2: No provision for income taxes has been made in the financial statements since the University is exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Additionally, the University has done an assessment of any uncertain tax positions as required under FASB accounting standard on Accounting for Uncertainty in Income Taxes (ASC 740), and has determined it currently has no uncertain tax benefits to record as a liability at June 30, 2017 and 2016. In addition, the University has no material unrelated business income subject to tax at June 30, 2017 and 2016. Part XI, Line 2d - Other Adjustments: Unrealized Gain on Interest Rate Swap 2,824,212. Change in Value of Split-Interest Agreements -404,318. Special Event Expense 369,162. Part XI, Line 4b - Other Adjustments: Scholarship Discounts 18,953,529. Part XII, Line 2d - Other Adjustments: Special Event Expense 369,162. Part XII, Line 4b - Other Adjustments: Scholarship Discounts 18,953,529. 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 organization publicizes its racially nondiscriminatory policy through an advertisement placed in the newspaper. Schedule E, Part I, Line 6 The University receives funds from the Department of Education to be given out in the form of grants and loans to students. The University also periodically receives funds from federal agencies for research or equipment grants. Gala 935188 457131 478057 47196 311075 Golf Tournament 29426 5700 23726 791 10100 964614 462831 501783 47987 321175 369162 132621 1 Merit-Based Scholarships & Aid 1268 10999393 Need-Based Scholarships & Aid 773 2586347 Athletic Scholarships & Aid 199 1771559 Tuition Assistance, Scholarships and Grants 1058 3596230 Part I, Line 2: All grants represent internal transfer of funds from endowments or other accounts to a revenue account for tuition payments. no funds are distributed directly to individuals. Merit scholarships and SMU grant levels are based on the student's entering GPA and need. For incoming freshman, test scores are also a factor. Provided that each student maintains the required GPA, does not exceed the maximum timeframe for institutional aid and submits either a FAFSA or FAFSA waiver by the March 1st deadline, the student will be eligible for his/ her merit scholarship or SMU grant. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Roy F Heynderickx President 279431 0 0 0 0 0 70000 0 23210 0 372641 0 0 0 Molly Smith Provost 190181 0 0 0 0 0 15200 0 15426 0 220807 0 0 0 Cecelia Loveless Vice President for Inst Adv 139880 0 0 0 0 0 11200 0 9191 0 160271 0 0 0 David Olwell Dean of Engineering 138069 0 0 0 0 0 11200 0 2525 0 151794 0 0 0 Joachim Beer Dean of Business 134020 0 0 0 0 0 11126 0 14442 0 159588 0 0 0 Pamela J Holsinger-Fuchs Dean of Enrollment 127917 0 0 0 0 0 10320 0 19845 0 158082 0 0 0 Part I, Line 4b Roy Heynderickx, President - $50,000 accrual. Schedule J, Part 1, Line 1a The Board shall pay or reimburse the President and President's spouse for reasonable entertainment expenses, travel expenses, hotel bills, and other necessary expenses to further the interests of the University. Amounts that are personal are included in taxable wages. The Board provides a taxable housing allowance of $33,000 per year and a taxable automobile allowance of $13,200 per year. The Board will provide the President, at University expense, with membership in business clubs, service organizations and professional organizations that would further the interests of the University. Any personal use of the membership dues are included in taxable wages. A Washington Higher Education Facilities Authority 911306482 2014-04-24 33535000 Construction of science building and industrial lab & refinancing 2007 bond 0 0 0 A 2385000 33535000 271857 573000 29263143 3427000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 1 US Bank 18.000000000000 0 0 0 0 1 A 1 46125 Merit Scholarships Scholarship 43756 Athletic Scholarships Scholarship 7400 Other Scholarships Scholarship X 4 44726 Fair Market Value X 4 131360 Fair Market Value X Gala Auction 47 61552 Fair Market Value 0 1 1 Part I, Line 32b: An auctioneer was hired to assist with the Gala fundraising event auction. Form 990, Part VI, Section A, line 6 Per the Saint Martin's University bylaws, a capitular of the Religious house, known as the monastic community known as Saint Martin's Abbey, has the right to participate in the University's governance even though they are not a member of the Board of Trustees. Some of the decisions a capitular votes on are to establish the philosophy and mission according to which the University operates; to amend the Articles of Incorporation or Bylaws; to convey an interest in real property, to incur indebtedness secured by any real or personal property owned by the University; and to appoint a certain number of capitulars to the Board of Trustees. Form 990, Part VI, Section A, line 7a The chancellor, the Secretary, and the Treasurer, as members of the Abbey, are deemed Member-Trustees. The Members of the Abbey may elect additional members of the Abbey to serve as Member-Trustees in such number as the members determine. Form 990, Part VI, Section A, line 7b During the 2017 fiscal year, the capitulars elected new members to the Board of Trustees. Form 990, Part VI, Section B, line 11b A copy of the 990 is provided, via a secure internet portal, to the entire board for their review prior to submission of the return. The Vice President of Finance reviews the return in a group forum with all available members. Schedule B, Schedule of Contributors, is not provided to the board of trustees, or made public. Form 990, Part VI, Section B, line 12c Members of the University's Board of Trustees and senior management may, from time to time, be associated either directly or indirectly with companies doing business with the university. For senior management, the University requires annual disclosure of significant financial interests in, or employment or consulting relationships with, entities doing business with the University. These annual disclosures cover both senior management and their immediate family members. When such relationships exist, measures are taken to appropriately manage the actual or perceived conflict in the best interests of the University. The University has a written conflict of interest policy that requires, among other things, that no member of the Board of Trustees can participate in any decision in which he or she (or an immediate family member) has a material financial interest. When such relationships exist, measures are taken to mitigate any actual or perceived conflict, including requiring that such transactions be conducted at arm's length, for good and sufficient consideration, based on terms that are fair and reasonable to and for the benefit of the University, and in accordance with applicable conflict of interest laws. No such associations are considered to be significant. Form 990, Part VI, Section B, line 15a Saint Martin's University has a compensation committee that meets quarterly to review compensation and benefits for the President. The board has to approve the President's salary on a salary survey done by the Associate VP for Human Resources. The President's salary is reviewed yearly. Form 990, Part VI, Section C, line 19 Saint Martin's University makes its financial information available to the public by posting the audited financial statements on the University website. Other documents are available upon request. Form 990, Part XI, line 9: Unrealized Gain on Interest Rate Swap 2,824,212. Change in value of split-interest agreements -404,318. Saint Marin's Abbey 5000 Abbey Way SE Lacey WA 98503 911010006 Benedictine Monastery WA 501(c)(3) Line 1 The Abbey Corporation 0 Charitable Remainder Trust (8) 5000 Abbey Way SE Lacey WA 98503 Charitable Trust WA T 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0