2017-04-17T23:43:27-05:00 2016-05-31 910189318 Moss Adams LLP PO Box 22650 Yakima WA 989072650 990 2015-06-01 910565571 Pacific Lutheran University PACI 2535357119 12180 Park Ave S Tacoma WA 98447 Allan Belton Vice President, Finance 2535357119 2017-04-10 1 Wendy Campos P00448102 5092487750 2017-04-10 2015 2021-01-29 14:40:06Z na Thomas Krise 12180 Park Ave S Tacoma WA 98447 249431228 0 X www.plu.edu X 1920 WA See Schedule O. 32 27 2860 2114 783205 -576512 15961272 14415801 130454567 132225873 4902495 1852310 1127716 302179 152446050 148796163 48575832 51169448 0 0 61952921 61939329 0 0 2696363 39240574 41309893 149769327 154418670 2676723 -5622507 253195273 244372314 93473543 89527702 159721730 154844612 X See Schedule O. 0 0 83794358 51169448 114173245 ACADEMIC INSTRUCTION: PLU OFFERS 44 MAJORS AND 54 MINORS, AS WELL AS GRADUATE AND PROFESSIONAL PROGRAMS IN BUSINESS ADMINISTRATION, CREATIVE WRITING, EDUCATION, FINANCE, MARKETING RESEARCH, MARRIAGE AND FAMILY THERAPY, AND NURSING. THE UNIVERSITY HELPS MORE THAN 3,300 STUDENTS FROM ALL FAITHS AND BACKGROUNDS DISCERN THEIR VOCATIONS THROUGH COURSEWORK, MENTORSHIP AND INTERNSHIPS AT WORLD-CLASS PUGET SOUND-AREA BUSINESSES AND INSTITUTIONS. PLU SEEKS STUDENTS FROM EVERY POSSIBLE BACKGROUND, ALL RELIGIONS, ALL RACES, ALL SOCIOECONOMIC GROUPS, ALL SEXUAL ORIENTATIONS, FROM ALL OVER THE WORLD. FOR THE 2015-16 ACADEMIC YEAR, 33 PERCENT OF INCOMING FIRST-YEAR STUDENTS ARE "FIRST GENERATION," COMING FROM FAMILIES WHERE NEITHER NATURAL NOR ADOPTIVE PARENTS RECEIVED A BACCALAUREATE DEGREE; 31 PERCENT SELF-IDENTIFY AS STUDENTS OF COLOR; AND 27 PERCENT ARE PELL GRANT-ELIGIBLE. THE FIRST AMERICAN UNIVERSITY TO HAVE STUDY AWAY CLASSES ON ALL SEVEN CONTINENTS SIMULTANEOUSLY, PLU ALSO IS THE FIRST PRIVATE UNIVERSITY ON THE WEST COAST TO RECEIVE THE PRESTIGIOUS SENATOR PAUL SIMON AWARD FOR CAMPUS INTERNATIONALIZATION. PLU HOSTS AN EMMY AWARD-WINNING MEDIALAB; A MACARTHUR AWARD-WINNING DETACHMENT OF ARMY ROTC; AND MORE THAN 100 CLUBS AND ACTIVITIES, INCLUDING 19 VARSITY ATHLETIC TEAMS IN THE NORTHWEST CONFERENCE OF NCAA DIVISION III. THE UNIVERSITY CONSISTENTLY RANKS AMONG THE TOP 20 IN U.S. NEWS & WORLD REPORT'S BEST UNIVERSITIES IN THE WEST AND RECENTLY WAS NAMED FOURTH IN THE WEST FOR BEST COLLEGES FOR VETERANS. IT ALSO RANKS IN THE TOP 4 PERCENT OF MASTER'S UNIVERSITIES NATIONWIDE BY WASHINGTON MONTHLY COLLEGE GUIDE. THE UNIVERSITY HAS PRODUCED 100 FULBRIGHT SCHOLARS SINCE 1975. 16276271 1187394 ACADEMIC SUPPORT AND STUDENT SERVICES: AT PLU, STUDENTS ARE OFFERED MANY SUPPORT SERVICES, INCLUDING ACADEMIC ASSISTANCE AND ADVISING, DISABILITY SUPPORT SERVICES, CAREER CONNECTIONS AND CAMPUS MINISTRY. HIGHLIGHTS OF 2015-16 INCLUDED THE CENTER FOR GENDER EQUITY-SPONSORED, THREE-DAY WORKSHOP WITH GENDER RECONCILIATION INTERNATIONAL. STUDENTS PARTICIPATED IN A TRANSFORMATIVE WEEKEND EXPLORING HOW LIVES ARE IMPACTED BY RESTRICTIVE GENDER ROLES. ADDITIONALLY, THE CAREER CONNECTIONS CENTER BRINGS TOGETHER PLU'S BEST ACADEMIC AND CAREER PLANNING TOOLS TO HELP STUDENTS MAKE A SEAMLESS TRANSITION INTO THE NEXT PHASE OF LIFE, LINKING STUDENTS TO RESOURCES, ADVISORS, INTERNSHIP OPPORTUNITIES AND AN ELECTRONIC CAREER BOARD COMPRISED OF HUNDREDS OF OPPORTUNITIES WITH WORLD-CLASS EMPLOYERS NATIONWIDE. 11456272 AUXILIARY ENTERPRISES: PLU OFFERS NINE RESIDENCE HALLS; EIGHT TRADITIONAL STYLE RESIDENCE HALLS AND ONE APARTMENT-STYLE COMPLEX. DURING THE 2015-16 ACADEMIC YEAR, ON-CAMPUS RESIDENTS TOTALED 1,301 STUDENTS IN FALL 2016 and 1,184 IN SPRING 2016. PLU DELIVERED DINING SERVICES TO MORE THAN 3,300 STUDENTS, FACULTY, STAFF AND THE NEIGHBORING COMMUNITY. WE ARE DEDICATED TO PROVIDING NUTRITIONALLY SOUND AND SUSTAINABLY SOURCED MEALS AT OUR MODERN DINING HALL, AT A NOTED RESTAURANT OPEN TO THE PUBLIC AND CAMPUS COMMUNITY, AND THROUGH SEVERAL CONVENIENT QUICK-SERVE OPTIONS LOCATED ACROSS CAMPUS. DINING SERVICES IS A CAMPUS LEADER IN SUSTAINABLE INITIATIVES, OFFERS NUTRITION EDUCATION AND CULINARY ADVENTURE CLASSES, AVAILABLE TO EVERYONE. PLU HOSTED MORE THAN 25,904 GUESTS IN 136 CONFERENCES AND EVENTS DURING 2015-16. CONFERENCES RANGE IN SIZE FROM ONE-DAY FAMILY REUNIONS TO OVERNIGHT RETREATS; YOUTH SPORTS CAMPS AND CLINICS WITH UP TO 3,100 PEOPLE. THE CATERING DEPARTMENT PROVIDES MEALS FOR MOST EVENTS AND PLU FUNCTIONS. 24798268 1.) operations and maintenance of plant including depreciation, interest expense and amortization2.) public service 24798268 136325169 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 4395 0 1 2860 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X Steve Whitehouse 2535357119 12180 Park Ave S Tacoma WA 98447 Dale Benson Regent 1.00 X 0 0 0 Andrew Finstuen Regent 1.00 X 0 0 0 Darren Hamby Regent 1.00 X 0 0 0 Tony Hicks Regent 1.00 X 0 0 0 Mack Hogans Regent 1.00 X 0 0 0 Richard Jaech Regent 1.00 X 0 0 0 Lisa Korsmo Regent 1.00 X 0 0 0 Michelle Long Regent 1.00 X 0 0 0 Osamu Matsutani Regent 1.00 X 0 0 0 Nancy Powell Regent 1.00 X 0 0 0 Jan Ruud Regent 1.00 X 0 0 0 Martin Wells Regent 1.00 X 0 0 0 Daniel Alsaker Regent 1.00 X 0 0 0 Mark Gould Regent 1.00 X 0 0 0 Brenda Morris Regent 1.00 X 0 0 0 Jeffrey Rippey Regent 1.00 X 0 0 0 Laura Rothenberger Regent 1.00 X 0 0 0 Gary Severson Regent/Chair 1.00 X X 0 0 0 Jerry Skaga Regent 1.00 X 0 0 0 Charleen Tachibana Regent 1.00 X 0 0 0 Bradley Tilden Regent/Secretary 1.00 X X 0 0 0 Jonette Blakney Regent 1.00 X 0 0 0 Susan Caulkins Regent 1.00 X 0 0 0 Edward Grogan Regent 1.00 X 0 0 0 Matt Iseri Regent 1.00 X 0 0 0 Lisa Kittilsby Regent 1.00 X 0 0 0 Richard Larson Regent 1.00 X 0 0 0 Mark Miller Regent 1.00 X 0 0 0 Laurie Soine Regent 1.00 X 0 0 0 Shelley Wickstrom Regent 1.00 X 0 0 0 Donald Wilson Regent 1.00 X 0 0 0 Thomas Krise President 40.00 X X 290144 0 144233 L Allan Belton Vice President 40.00 X 134319 0 19177 Steven Starkovich Provost 40.00 X 198426 0 42420 Donna Gibbs Vice President 40.00 X 162171 0 37953 Daniel Lee Vice President 40.00 X 158613 0 38254 Nancy A Miller Dean 40.00 X 156682 0 54220 Joanna Royce-Davis Vice President 40.00 X 156281 0 65717 1256636 0 401974 28 0 1 0 Accrete Construction LLC 801 Valley Avenue NW Ste A Puyallup WA 98371 General Contractor 5941714 National Public Radio PO Box 79540 Baltimore MD 21279 Public Radio Programming Services 1059884 John Korsmo Construction Inc PO Box 1377 Tacoma WA 98401 General Contractor 1011105 Market Enginuity Inc 3131 East Clarendon Avenue Suite 1 Phoenix AZ 85016 Advertising Agent 631695 Westmark Construction Inc 6102 N 9th St Ste 500 Tacoma WA 98406 General Contractor 493579 17 535000 2246101 11634700 235671 14415801 Tuition and fees 611600 114173245 114173245 Auxiliary enterprises 611710 16078743 16078743 other academic support & student 611710 1187251 1187251 Garfield bookstore 713910 786634 786634 132225873 1187671 -3429 1191100 432740 130704 302036 302036 302036 101169000 100504361 664639 664639 664639 Other Revenue 900099 143 143 143 148796163 115360639 783205 18236518 51169448 51169448 1359628 139449 894391 325788 46364789 39383270 6041852 939667 3739944 3097214 543562 99168 6872167 5691148 998797 182222 3602801 2983641 523629 95531 320819 320819 171942 171942 125000 125000 5435184 4501118 789947 144119 809026 669991 117583 21452 9876507 8179176 1435447 261884 2544259 2107015 369781 67463 2950470 2443416 428820 78234 4550368 3768362 661349 120657 790385 654553 114874 20958 2900541 2402068 421563 76910 5248230 4346294 762775 139161 1101455 912164 160085 29206 misc. minor equipment p 1942419 1608604 282310 51505 miscellaneous 978571 810398 142225 25948 Study away fees 942815 942815 dues & subscriptions 434208 359587 63108 11513 187694 155438 27279 4977 154418670 136325169 15397138 2696363 22900 22900 5310093 4968500 2332058 2203097 3313652 2638001 6795169 6467915 718251 564197 2392297 2077477 204320444 74914572 119527541 129405872 68095506 72827144 25633873 14915181 400000 400000 18653933 7882030 253195273 244372314 10644368 9041752 63165000 61765000 1191855 1010238 65995 49765 18406325 17660947 93473543 89527702 X 65917282 65968381 11348180 4340397 82456268 84535834 159721730 154844612 253195273 244372314 X -5622507 1084478 -339089 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 85581439 2373824 -2054389 2322581 2749633 328889 80499771 84365076 3285490 2136985 4002319 203793 85581439 79585706 2492374 6292319 3762478 242845 84365076 71802576 2710240 9023070 3593678 356502 79585706 74653552 3719443 -2761485 3595555 213379 71802576 0.00000 0.98260 0.01740 1 0 5000000 762723 5762723 165686855 54667579 111019276 3151813 7343164 -4191351 14337771 9114177 5223594 15381282 3789652 11591630 129405872 Real estate 628070 C Cash and short-term investments 2899884 F Alternative investments 11387227 F 14915181 Deposit accounts 1775523 Annuities payable 6112401 Assets retirement obligation 1011680 Unamoritzed premium 723234 Government grants refundable 8038109 17660947 X 98371962 1084478 -339089 745389 97626573 51169590 51169590 148796163 103249222 0 103249222 51169448 51169448 154418670 Part IV, Line 2b: PLU is the custodian of various agency, charitable remainder unitrust, and gift annuity funds, of which all or a portion is due to an outside party. Agency funds are held in PLU's main bank account and charitaable remainder unitrusts and gift annuities are invested with charles shwab. Part V, Line 4: INTENDED USES OF ENDOWMENT FUNDS: TO FUND SCHOLARSHIPS, UNDERGRADUATE RESEARCH, EQUIPMENT, LECTURES, ATHLETIC FACILITIES, FACULTY POSITIONS, GLOBAL EDUCATION AND OTHER UNIVERSITY PROGRAMS AS DESIGNATED BY OUR DONORS. Part X, Line 2: The Internal Revenue Service has determined that the University is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, any unrelated business income may be subject to taxation. 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 May 31, 2016 and 2015. Part XI, Line 2d - Other Adjustments: Change in value of trust -339,089. Part XI, Line 4b - Other Adjustments: scholarships and grants 51,169,448. Rounding difference on financial statements 142. Part XII, Line 4b - Other Adjustments: Scholarships and Grants 51,169,448. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Pacific Lutheran University Published its Nondiscriminatory Policy in the Tacoma News Tribune May 1-7, 2015. The University Follows a Nondiscriminatory Policy Regarding all Programs. The University enrolls students without discrimination as to race, sex color, or national origin. The University's recruitment procedures are designed and carried out in such a way as to reach students of all racial segments in the geographical area served. Schedule E, Part I, Line 6 The University receives support from the US Government in connection with the Perkins Loan Program, Federal Work-Study Program, Federal Supplemental Educational Opportunity Grant Program and other programs. Europe (including Iceland and Greenland) 0 0 Program services Study Abroad Activities; On site program Administration 1269774 South America 0 0 Program services Study Abroad Activities 131899 East Asia and the Pacific 0 0 Program services Study Abroad Activities; On site program Administration 78223 Middle East and North Africa 0 0 Program services Study Abroad Activities 741 North America (Canada and Mexico) 0 5 Program services Study Abroad Activities 115566 South Asia 0 0 Program services Study Abroad Activities 72894 Sub-Saharan Africa 0 1 Program services Study Abroad Activities 149979 Central America and the Caribbean 0 1 Program services Study Abroad Activities; On site program Administration 3070189 0 7 0 0 0 7 4889265 0 4889265 1 0 1 1 1 0 1 Grants and Scholarships 2874 51169448 Part I, Line 2: PACIFIC LUTHERAN UNIVERSITY OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Thomas Krise President 240144 0 50000 0 0 0 75211 0 69022 0 434377 0 0 0 L Allan Belton Vice President 134319 0 0 0 0 0 13984 0 5193 0 153496 0 0 0 Steven Starkovich Provost 179901 0 0 0 18525 0 34495 0 7925 0 240846 0 0 0 Donna Gibbs Vice President 148852 0 10000 0 3319 0 30080 0 7873 0 200124 0 0 0 Daniel Lee Vice President 157353 0 0 0 1260 0 29127 0 9127 0 196867 0 0 0 Nancy A Miller Dean 156682 0 0 0 0 0 17279 0 36941 0 210902 0 0 0 Joanna Royce-Davis Vice President 154528 0 0 0 1753 0 28962 0 36755 0 221998 0 0 0 Part I, Line 1a The President & his wife live in PLU-owned residence, health club membership for president Part I, Line 4b President Krise participated in a supplemental non-qualified retirement plan and received $50,000 credited to his 457(f) plan. A washington higher education facilities authority 911306482 939781zd5 2006-12-20 63357191 refunding and construction 0 0 0 B Washington higher education facilities authority 911306482 939781s27 2014-07-09 9933742 renovation 0 0 0 A 10395000 63357191 3816213 30900647 601083 1039248 27000000 2007 1 1 1 1 B 9933742 198669 9735073 2015 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 1 mbia 30.000000000000 1 0 0 B 0 0 1 0 0 0 0 0 0 A 1 B 1 John Korsmo Construction Inc Owner is spouse of Trustee 439124 Construction Services 0 Garfield North LLC Trustees listed below are members of the LLC 213579 Facilities Lease, PLU ownership % in LLC is 29.12% 0 John Korsmo Spouse of Board Member, Owns 15.78% of Garfield North LLC 0 Jeffery L Rippey Living Trust Board Member, Trust owns 6.31% of Garfield North LLC 0 Lisa Kittilsby Board Member, Own 6.31% of Garfield North LLC 0 Don Wilson Board Member, Owns 6.31% of Garfield North LLC 0 X 2 150 Fair Market Value X 1 67 Fair market value X 7675 Fair market value X 7633 Fair market value X 37 186587 Fair market value X 5 590 Fair Market Value X 2 700 Fair Market Value X 1 200 Fair Market Value X Equipment/ Misc Items 6 30335 Fair Market Value X Company Products 2 1735 Fair Market Value 0 1 0 Form 990, part I, line I and Part III, line 1 PACIFIC LUTHERAN UNIVERSITY PURPOSEFULLY INTEGRATES THE LIBERAL ARTS, PROFESSIONAL STUDIES AND CIVIC ENGAGEMENT THROUGH DISTINCTIVE INTERNATIONAL PROGRAMS AND FACULTY-MENTORED RESEARCH OPPORTUNITIES. PLU HELPS ITS 3,300 STUDENTS FROM ALL FAITHS AND BACKGROUNDS DISCERN THEIR LIFE'S VOCATION THROUGH COURSEWORK, MENTORSHIP AND INTERNSHIPS AT WORLD-CLASS PUGET SOUND AREA BUSINESSES AND INSTITUTIONS. THE UNIVERSITY IS LOCATED 6 MILES SOUTH OF TACOMA, IN SUBURBAN PARKLAND, ON A 156-ACRE WOODED CAMPUS. STUDENTS DEVELOP SKILLS IN DECISION MAKING, ANALYSIS, COMMUNICATION AND REASONING THAT PREPARE THEM FOR A LIFETIME OF SUCCESS BOTH IN THEIR CAREERS AND IN SERVICE TO OTHERS. PLU IS COMMITTED TO HELPING ALL STUDENTS DEVELOP AN UNDERSTANDING OF THE INTERCULTURAL AND INTELLECTUAL RICHNESS OF THE WORLD. SINCE ITS FOUNDING IN 1890, PLU REMAINS CLOSELY AFFILIATED WITH THE LUTHERAN CHURCH AND, AS A UNIVERSITY OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA, UPHOLDS THE CORE TENETS OF LUTHERAN HIGHER EDUCATION. PLU'S MISSION STATEMENT IS TO "EDUCATE STUDENTS FOR LIVES OF THOUGHTFUL INQUIRY, SERVICE, LEADERSHIP AND CARE -- FOR OTHER PEOPLE, FOR THE COMMUNITY AND FOR THE EARTH." Form 990, Part VI, Section A, line 2 JEFF RIPPEY, LISA KITTILSBY, LISA KORSMO, AND DONALD WILSON HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Section B, line 11 The Form 990 was prepared and reviewed by staff and external auditors. The form was then provided and reviewed by the entire board before it was filed with the IRS. Form 990, Part VI, Section B, line 12c Pacific Lutheran University annually requires board members and key employees to complete conflict of interest surveys. Any conflicts are documented to ensure proper oversight. Board members with conflicts are required to recuse themselves from proceedings. Form 990, Part VI, Section B, line 15 The president's compensation is reviewed annually by a compensation committee of the Board. This was last completed in October 2015. All other positions are reviewed by an immediate supervisor. The Associate Vice President of Human Resources assembles and reviews comparable data from the industry. Form 990, Part VI, Section C, line 19 financial statements are posted on plu's website and governing documents are available upon request. Form 990, Part XI, line 9: change in value of trust -339,089. Benson Family Foundation PO Box 3168 Portland OR 97208 203039538 Supporting organization for PLU OR 501(c) (3) Line 11D, III-O 0 Charitable Remainder Unitrusts (22) 12180 Park Ave S Tacoma WA 98447 Charitable Trust WA T 0 Charitable Remainder Annuity Trusts (1) 12180 Park Ave S Tacoma WA 98447 Charitable Trust WA T 0 Life Income Trusts (3) 12180 Park Ave S Tacoma WA 98447 Charitable Trust WA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0