2016-05-11T15:23:04-07:00 2015-06-30 990 2014-07-01 930634049 MARYLHURST UNIVERSITY MARY 5036368141 PO Box 261 Marylhurst OR 970360261 Victoria Harbick Controller 5036368141 2016-04-15 2014 2016-08-17 19:52:53Z Melody Rose 17600 Pacific Hwy Marylhurst OR 97036 25119754 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. 26 26 591 58 0 0 1760990 1528071 18093765 16899011 1393889 2662301 529651 455158 21778295 21544541 1510682 1768483 0 0 12298837 10680428 7086 0 435524 8675230 8073954 22491835 20522865 -713540 1021676 45386402 44477677 3871833 3186150 41514569 41291527 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 12951311 1768483 16899011 Higher Education student population: 762 undergraduate students and 778 graduate students. Higher Education degrees granted: 176 bachelor degrees and 287 graduate degrees. 0 0 0 12951311 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 1939 0 1 591 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OR SC X Victoria Harbick -Controller 5036368141 Marylhurst University PO Box 261 Marylhurst OR 970360261 Ruth Beyer Trustee Chair 1 0 X 0 0 0 Eileen Brown SNJM Trustee 1 0 X 0 0 0 Roswitha Frawley SNJM Trustee 1 0 X 0 0 0 Lynda Thompson SNJM Trustee 1 0 X 0 0 0 Ceclia A Ranger SNJM Trustee 1 0 X 0 0 0 Mary Burke SNJM Trustee 1 0 X 0 0 0 Diana Pierce Knox Trustee 1 0 X 0 0 0 Larry Choruby Trustee 1 0 X 0 0 0 Sam W Shoen MD Trustee 1 0 X 0 0 0 William C Barr Trustee 1 0 X 0 0 0 Andy MacRitchie Trustee 1 0 X 0 0 0 Rebecca DeCesaro Trustee 1 0 X 0 0 0 Greg Hogensen Trustee 1 0 X 0 0 0 Edward J Vranizan Trustee 1 0 X 0 0 0 Stephen P Zimmer Trustee 1 0 X 0 0 0 Martin Ringle Trustee 1 0 X 0 0 0 Judie Hammerstad Trustee 1 0 X 0 0 0 Jane Hibbard SNJM Trustee 1 0 X 0 0 0 Patricia Smith Trustee 1 0 X 0 0 0 Scott Bolton Trustee 1 0 X 0 0 0 Kirk Mouser Trustee 1 0 X 0 0 0 Chip Terhune Trustee 1 0 X 0 0 0 Steve Brown Trustee 1 0 X 0 0 0 Kristin Stathis Trustee 1 0 X 0 0 0 Tim Stempel Trustee 1 0 X 0 0 0 Sue Hildick Trustee 1 0 X 0 0 0 Melody Rose President 40 0 X 88627 0 3423 Sr Joan Saalfeld VP for Mission Integration 10 0 X 15250 0 0 Elizabeth Woodward VP for Enrollment Management 40 0 X 96083 0 9424 Debra Meyers VP for Finance & Campus Services 40 0 X 103334 0 8158 Nicola A Sysyn VP for University Advancement 40 0 X 86569 0 7481 Jerry Hudson Interim President 40 0 X 143529 0 603 Judith Johansen President 0 0 X 76320 0 0 David Plotkin Provost 40 0 X 98950 0 4735 Celina Ratliff VP for Human Resources and Organizational Excellence 0 0 X 8075 0 0 716737 0 33824 2 1 0 0 Compass Knowledge 105 Gordon Baker Road Suite 300 Toronto Ontario CA M2H-3P8 Marketing and Advising 2436915 West Coast Visa 5000 Meadows Road Lake Oswego OR 97035 Banking 378090 PIA Schools Association PO Box 267 17600 Pacific Hwy 43 Marylhurst OR 970360267 Language Instruction 365603 NCS Pearson Inc 13036 Collection Center Drive Chicago IL 60693 Educational Assessment 319609 ING National Trust PO Box 3015 New York NY 101163015 Retirement Investment Services 273535 16 0 0 155910 0 100178 1271983 205057 1528071 Tuition 611310 16899011 16899011 0 0 0 0 0 0 16899011 937472 0 0 937472 0 0 0 0 0 0 0 0 322350 0 72110 0 250240 0 250240 0 0 250240 4994988 0 3270159 0 1724829 0 1724829 0 0 1724829 22682 155910 129464 -106782 0 -106782 0 0 0 0 0 0 184372 103480 80892 0 0 80892 Billing Fees 611310 34229 0 0 34229 Library Fees 611310 6999 0 0 6999 189580 0 0 189580 230808 21544541 16899011 0 3117459 X 0 0 1768483 1768483 0 0 0 0 723061 148512 475241 99308 0 0 0 0 7512895 6115550 1267818 129527 10173 7675 2137 361 1763454 1338158 372598 52698 670845 506112 140922 23811 0 0 0 0 67428 0 67428 0 92696 0 92696 0 0 0 0 0 0 0 74752 0 74752 0 3186697 2164277 987752 34668 732869 5212 727657 0 672212 251841 370245 50126 616611 221429 375757 19425 1224 1224 0 0 702318 23551 678677 90 124967 113402 9098 2467 0 0 0 0 15844 12349 3260 235 63840 13585 50255 0 0 0 0 0 1399801 166090 1233711 0 98803 0 98803 0 Food 92334 51506 19020 21808 Small Equipment 2228 1282 946 0 Memberships 129305 41048 87257 1000 Other Expenses 25 25 0 0 20522865 12951311 7136030 435524 2249452 1933073 1063678 1069191 322595 451256 877688 690088 0 0 0 0 409198 461961 105217 99234 434861 438739 36821765 20234303 18002793 16587462 20424364 22746673 1496556 0 0 0 0 0 0 0 45386402 44477677 1493851 1306279 0 0 485760 400748 0 0 0 0 0 0 69483 41798 549444 210000 1273295 1227325 3871833 3186150 X 19994447 20209154 6983350 6048927 14536772 15033446 41514569 41291527 45386402 44477677 X 1021676 0 0 0 0 -1244718 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 110653 0 0 X X 0 22250129 521539 1459832 881318 -3127 133404 23219905 19181757 755097 3104467 851315 -174048 113927 22250127 17548360 138477 2278578 848748 -165931 100841 19181757 17980193 166252 3444 622202 -109614 88941 17548360 14968745 630338 2903085 573702 -128494 76767 17980193 0.13 0.87 0 0 0 0 217505 217505 328789 21803419 13176681 8955527 715417 0 405403 310014 0 6502580 4472831 2029749 0 7254055 2179388 5074667 16587462 0 Federal Perkins Loan Liability 401965 FIN 47 Asset Retirement Obligations 770195 Unitrust, Annuity and Agency Funds 55165 1227325 X 18757314 -1249049 0 0 305057 -943992 19701306 74752 1768483 1843235 21544541 18980356 0 0 0 300726 300726 18679630 0 1843235 1843235 20522865 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 Scholarships make up 85 % of the endowed funds. The remaining 15% of the endowment is restricted to music, English literature and writing, and general support of the University. The Board designated quasi-endowment is used for special projects as authorized by the Board. Schedule D, Part X, Line 2 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 and 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, Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109; however, management has not recorded a provision as of June 30,2015, as unrelated business income, if any is immaterial to the financial statements. Schedule D, Part XI, Line 2d Cost of Goods Sold of $103,480; depreciation of leased buildings of $12,921; maintenance of leased buildings of $59,189; and fundraising expenses of $129,464 and $3 of rounding. Schedule D, Part XI, Line 4b Tuition discounts of $1,768,483. Schedule D, Part XII, Line 2d Split interest agreement of -$4,328; cost of goods sold of $103,480; depreciation of leased buildings of $12,921; maintenance of leased buildings of 59,189; fundraising events expense of $129,464. Schedule D, Part XII, Line 4b Tuition discounts of $1,768,483 and management fees of $74,752. 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 annually publishes its racially nondiscriminatory policy in the Oregonian newspaper. Additionally the Oregon Alliance of Independent Colleges and Universities annually publishes a statement for all of its member colleges. Schedule E, Part I, Line 6 The University receives student financial aid from state and federal agencies. Golf 2014 83366 66684 16682 0 8385 14400 0 0 42677 Annual Dinner 2014 95226 89226 6000 0 0 0 0 0 64002 0 178592 155910 22682 0 8385 14400 0 0 106679 129464 -106782 1 Tuition Discounts 329 0 766759 Total amount of tuition discounts credited to student account balances. The University offers tuition discounts credited to members of the Armed Services, as well as other students. Supplemental Education Opportunity Grant (SEOG) 104 23688 0 Actual dollars paid out to students. The University matches federal funds dedicated for the SEOG program at the ratio of on dollar for every three dollars of federal aid received. University Scholarships 325 978036 0 Actual dollars paid out to students. University scholarships are provided from endowed, temporarily restricted and unrestricted funds. Generally, they originate from a donor contribution made in order to establish or fund 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 Judith Johansen President 0 0 0 0 76320 0 0 0 0 0 76320 0 0 0 Jerry Hudson Interim President 143529 0 0 0 0 0 0 0 603 0 144132 0 0 0 David Plotkin Provost 98950 0 0 0 0 0 0 0 4735 0 103685 0 0 0 Celina Ratliff VP for Human Resources and Organizational Excellence 0 0 0 0 8075 0 0 0 0 0 8075 0 0 0 Schedule J, Part I, Line 1a The University paid initiation fees and membership dues to the University Club of Portland for President Rose. Schedule J, Part I, Line 1b The University has strong policies and procedure established in the University Accounting Department and a developed procurement policy. Although there isn't a specific policy with 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 totally $76,320 to Judith Johansen, President. The University also made severance payments totaling $8,075 to Celina Ratliff, VP for Human Resources and Organizational Excellence. X 15 146425 Ending MV on day of receipt X 6 26568 Cost X Grand Piano 1 20000 Replacement Cost X Travel and Recreation 5 4446 Replacement Cost X Ticket and Similar 26 2349 Replacement Cost X Other 25 25268 Replacement Cost 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 University's Advancement Department provides the donor with a Charles Schwab account number, records the gift into the donor receiving record at the closing price 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 Campus Services, and 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 and 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 the consideration of proposed transactions unless the Board or an Administrator 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; $2.59M of which was incurred for services provided by Pearson Embanet. Form 990, Part XI, Line 9 Unrealized gain (loss) on investments of ($1,249,049), change in split interest agreement of $4,328 and $3 rounding. 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 The University filed an Application for Extension of Time to File and Exempt Organization Return with the IRS and was granted an extension to file through February 15, 2016. The University requested a second extension via letter and was granted an extension to file through May 15, 2016.