2015-05-14T13:25:30-07:00 2014-06-30 911194016 Clark Nuber PS 10900 NE 4th Street Suite 1700 Bellevue WA 98004 990 2013-07-01 910565006 SEATTLE UNIVERSITY SEAT 2062966150 901 12th Avenue Seattle WA 981221090 Constance Kanter VP Finance and Business Affairs/CFO 2062966150 2015-05-14 1 Sara Elizabeth Hyre P00235495 4254544919 2015-05-14 2013 2016-02-25 16:41:14Z Stephen V Sundborg SJ President Seattle University 901 12th Avenue Seattle WA 981221090 338849194 0 X www.seattleu.edu X 1891 WA Seattle University, an institution of higher education, is dedicated to educating the whole person, to professional formation, and to empowering leaders for a just and humane world. In the academic year 2013-14, the University enrolled students and awarded undergraduate, graduate, doctoral, and professional degrees. 31 28 4241 118 785149 0 16427929 44574763 249413609 254413279 11421877 8223752 214348 425340 277477763 307637134 61315231 66378989 0 0 131520221 136674868 40375 40000 4043640 83227595 72938826 276103422 276032683 1374341 31604451 604699151 648153098 188474525 177032446 416224626 471120652 X Seattle University is dedicated to educating the whole person, to professional formation, and to empowering leaders for a just and humane world. 0 0 236049363 66378989 254413279 Seattle University, founded in 1891, is a Jesuit Catholic university and law school located on 50 acres in Seattle's Capitol Hill neighborhood. Students are enrolled in undergraduate and graduate programs within eight schools and colleges. In the academic year 2013-14, the University enrolled 7,422 students and awarded 1,381 bachelor's degrees or equivalents, 26 post-baccalaureates, 739 master's degrees, 29 post-master's certificates, and 308 professional degrees. Awards and high rankings for academic rigor, sustainability, community service and social justice are among Seattle University's touchstones of excellence. One of them is a Presidential Award from the White House for community service, a recognition received by only five universities. Here's a look at many of the honors bestowed on the university. Seattle University is one of the top 5 universities in the West, according to U.S. News & World Report: Best Colleges 2015. The university ranks fifth for its full range of undergraduate, master's and select doctoral degree programs. The university consistently has held a spot in the West's top ten for more than a decade. Seattle University also received high marks from U.S. News for being a best value school, ranking seventh in the West. Among U.S. News specialty rankings nationwide, the Albers School of Business and Economics ranks 14th for finance, the top program of its kind in the Northwest, and 18th for accounting. Albers is tied for 36th nationally among private business schools, and is the Northwest's top private business school. U.S. News ranked SU undergraduate engineering 34th nationally. Seattle University School of Law has the number one legal writing program in the nation. The part-time program is 25th in the U.S and the clinical program is 18th SU's law school is also among the most diverse in the country. The Albers School of Business and Economics' Professional MBA program is ranked 68th in the nation and second in the Northwest for graduate business programs. The accounting program ranks 14th among all the top schools in the nation, up from 19th last year. Hip, straightforward and consulted by millions of future students and their families, The Fiske Guide to Colleges, 2015 edition, considered 2,200 four-year colleges in the U.S., Canada and Great Britain before choosing just 300 institutions-the top 14 percent-to be included and Seattle University is among them. The guide is compiled by former New York Times education editor Edward Fiske, a leading independent voice in college admissions. Colleges of Distinction, a college guide that takes into account the success of graduates, the quality of teaching, graduation rates, class size and campus atmosphere, features Seattle University in its latest edition. High school college counselors nominate colleges and universities for inclusion in the national guide. Fewer than half of those considered are selected to be in the guide. Catholic Colleges of Distinction also showcases Seattle University among those schools that excel at four distinctions: engaged students, great teaching, vibrant communities and successful outcomes. Seattle University graduates with liberal arts, sciences and humanities degrees step into careers with starting wages that rival those of new graduates from elite Ivy League schools. SU ranks among the nation's top 10 colleges with the highest paid liberal arts graduates, according to College Factual, which challenges the status quo to help prospective students make better decisions about college. The National Science Foundation Graduate Research Fellowship, a prestigious multi-year funding program, supports graduate-level researchers in the physical and social sciences. Nine Seattle University students have been selected in the past decade. In 2012, the White House honored Seattle University with the Presidential Award for community service, the highest recognition by the federal government to a college or university for its civic engagement, service learning and volunteerism. The university was one of only five universities in the nation to receive this honor and the only university cited as a Promise Neighborhoods recipient for coordinated, wrap-around, youth-focused service that supports the educational and social needs of children. A Seattle Times editorial called out the award and noted, "Seattle University serves as a national example of the difference higher education can make on its neighbors." Then-again in 2013-Seattle University set a precedent by earning national recognition for the second consecutive year, making the President's Higher Education Community Service Honor Roll with distinction. The accolade acknowledges the university's overall commitment to service as well as its significant work to implement the Seattle University Youth Initiative, which unites the university and wider community in a long-term commitment to build a better future for young people starting with pre-kindergarten and continuing through college. In 2014, Seattle University once again was honored by the President's Higher Education Community Service Honor Roll in the following areas: Interfaith community service - one of four finalists for the top award in this category; general community service - honor roll with distinction; education - honor roll; and economic opportunity - honor roll. Among master's universities, Seattle University ranks third in the nation for the number of staff supporting community service, the number of academic courses that incorporate service as well as scholarships for community service, according to Washington Monthly September/October 2014 edition. Washington Monthly also included Seattle University in its top 10 based on the number of alumni who go on to serve in the Peace Corps, relative to school size. For the third consecutive year, Seattle University ranks among the top 10 small schools in the nation to produce Peace Corps volunteers. With 15 alumni currently serving in the Peace Corps worldwide in 2014, SU tied for sixth. A total of 357 SU alumni have served since the Peace Corps began in 1961. Four out of five Seattle University undergraduate students serve the community through volunteer activities, internships and professional development. In all, students contribute 200,000 hours of volunteer service annually, with an economic value of nearly $4.3 million. Seattle University's students, faculty and staff volunteer at more than three times the national average. A major focus of service is the Seattle University Youth Initiative, a pipeline of support for the success of young people starting in pre-kindergarten and continuing through college. 0 0 0 . 0 0 0 236049363 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 1 0 0 0 1 430 0 1 4241 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 28 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X Andrew O'Boyle 2062966150 901 12th Avenue Seattle WA 981221090 X Mohamed Alabbar Trustee 0.5 0 X 0 0 0 Rodney A Bench Trustee 0.5 0 X 0 0 0 Maureen Benoliel Trustee 0.5 0 X 0 0 0 Robert H Blais Trustee 0.5 0 X 0 0 0 Ann Blume Trustee 0.5 0 X 0 0 0 Mark G Bosco SJ Trustee 0.5 0 X 0 0 0 David W Burcham Trustee 0.5 0 X 0 0 0 Peter W Chiarelli Trustee 0.5 0 X 0 0 0 Marta Dalla Gasperina Trustee (through April 2014) 0.5 0 X 0 0 0 Thomas A Ellison Trustee 0.5 0 X 0 0 0 Allan C Golston Trustee 0.5 0 X 0 0 0 Donald J Horowitz Trustee 0.5 0 X 0 0 0 W Craig Jelinek Trustee 0.5 0 X 0 0 0 Patrick M Kelly SJ Trustee, Assoc Prof Arts and Sciences 37.5 0 X 52271 0 0 Maureen Lee Trustee 0.5 0 X 0 0 0 Thomas M Lucas SJ Trustee, Prof Arts and Sciences 37.50 0 X 19200 0 0 Michael C McCarthy SJ Trustee 0.5 0 X 0 0 0 Thomas Neitzke SJ Trustee 0.5 0 X 0 0 0 Carol K Nelson Trustee 0.5 0 X 0 0 0 Killian Noe Trustee 0.5 0 X 1500 0 0 William A Owens Trustee 0.5 0 X 0 0 0 Nicole W Piasecki Trustee 0.5 0 X 0 0 0 Robert A Ratliffe Trustee 0.5 0 X 0 0 0 Rick C Redman Trustee (through April 2014) 0.5 0 X 0 0 0 Scott Redman Trustee 0.5 0 X 0 0 0 Stuart T Rolfe Trustee (through April 2014) 0.5 0 X 0 0 0 Pete J Rose Trustee 0.5 0 X 0 0 0 David Sabey Trustee 0.5 0 X 0 0 0 Stevens U Trainer Trustee 0.5 0 X 0 0 0 John H Vassall II Trustee 0.5 0 X 0 0 0 Jill A Wakefield Trustee 0.5 0 X 0 0 0 Eric Watson SJ Trustee, Assist Prof Science and Engineering 37.5 0 X 70367 0 0 Betty Woods Trustee 0.5 0 X 0 0 0 Jeffrey J Wright Trustee 0.5 0 X 0 0 0 Stephen V Sundborg SJ Trustee (ex officio), President 37.5 0 X 373800 0 0 Isiaah Crawford Provost 37.5 0 X 291251 0 36246 Marilyn Ann Crone VP for Enrollment Mgt 37.5 0 X 202749 0 27117 Jacob L Diaz VP for Student Develop (through June 2013) 37.5 0 X 121240 0 21661 Robert J Dullea VP Planning and Vice Prov 37.5 0 X 180400 0 58690 Peter B Ely SJ VP for Mission and Ministry 37.5 0 X 144676 0 0 Gerald V Huffman VP Human Res and Univ Serv 37.5 0 X 158797 0 24249 Constance R Kanter CFO/VP for Fin and Bus Affrs 37.5 0 X 231124 0 27826 Timothy P Leary Executive Vice President 37.5 0 X 231486 0 66549 Scott K McClellan VP for Communications 37.5 0 X 187382 0 34046 Mary Kay McFadden VP for Univ Advancement (through Dec 2013) 37.5 0 X 236180 0 29782 Mary S Petersen VP and University Counsel 37.5 0 X 215055 0 58546 Annette E Clark Dean and Professor 37.5 0 X 662032 0 33048 Joseph M Phillips Jr Dean and Professor 37.5 0 X 237580 0 69556 David V Powers Dean and Professor 37.5 0 X 183911 0 32831 Michael Jay Quinn Dean and Professor 37.5 0 X 181058 0 32426 Robert S Chang Professor 37.5 0 X 220089 0 36317 Cameron Dollar Head Mens Basketball Coach 37.5 0 X 276504 0 93466 Marilyn E Gist Exec Dir Ctr for Leader Form 37.5 0 X 239867 0 23076 W H Knight Professor 37.5 0 X 243202 0 35906 Charles OKelley Professor 37.5 0 X 290591 0 32241 Azita Emami Dean and Professor (former) 37.5 0 X 114115 0 15668 Mark Niles Dean and Professor (former) 37.5 0 X 167759 0 23483 5534186 0 812730 149 1 1 0 Ellucian Company LP 62590 Collections Center Dr Chicago IL 60693 Information technology services 4288828 Witt Fiala Flannery and Assoc PO Box 958204 St Louis MO 63195 Janitorial services 2042738 McKinstry Essention Inc 5005 3rd Ave South Seattle WA 98124 Construction contracting 1403317 RAFN Company 1721 132nd Ave NE Bellevue WA 98005 Construction contracting 934420 MA Mortenson Company PO Box 1867 Bellevue WA 98009 Construction contracting 875733 48 0 0 1162022 0 6269156 37143585 15090056 44574763 Tuition and fees 611310 231892460 231892460 0 0 Auxiliary revenue 611310 16581725 16581725 0 0 5939094 5939094 0 0 254413279 1474590 0 0 1474590 0 0 0 0 0 0 0 0 0 0 37386273 0 30637111 0 6749162 0 6749162 0 0 6749162 215140 1162022 574949 -359809 0 -359809 Advertising 711211 568 0 568 0 UBTI investments 523999 17878 0 17878 0 Sports camps, sponsorships 711211 766703 0 766703 0 0 0 0 0 785149 307637134 254413279 785149 7863943 0 0 66378989 66378989 0 0 0 0 6066817 2963412 3103405 0 0 0 0 0 98963445 84718983 11696853 2547609 9018490 7549175 1248083 221232 14920792 12489609 2065169 366014 7705324 6450103 1066198 189023 86219 58142 28077 0 515170 52477 462693 0 173150 12300 160850 0 11147 0 11147 0 40000 40000 1432054 0 1432054 0 2996273 2626418 369855 0 1232050 1078138 119939 33973 3472832 1906402 1373320 193110 7639018 957445 6666708 14865 0 0 0 0 6144817 5947508 197309 0 4288614 3965812 284546 38256 0 0 0 0 2755405 2023497 516462 215446 6297834 5724944 572890 0 0 0 0 0 14616416 12527195 2089221 0 1705547 130872 1574675 0 Supplies 5045290 4585584 400258 59448 Retail services 6665062 6336039 327828 1195 Purchases for resale 2765786 2593646 172140 0 5096142 4972673 0 123469 276032683 236049363 35939680 4043640 7945786 7641834 37366055 35322185 3514748 17201910 8154232 7125900 0 0 0 0 7625810 7655590 1194627 1066622 4139296 4127395 474158486 152152643 330281253 322005843 51292002 52433571 133933325 172789136 0 0 4940524 4940524 14311493 15842588 604699151 648153098 26242880 25057843 0 0 9350947 2924525 136513749 132409076 2276696 2144391 0 0 0 0 0 0 14090253 14496611 188474525 177032446 X 274077533 287154767 44078689 74866477 98068404 109099408 416224626 471120652 604699151 648153098 31604451 23291575 0 0 0 0 X 0 1 X 1 1 1 X 14182270 15363112 18368355 16427929 44574763 108916429 0 0 0 0 0 0 0 0 0 0 0 0 14182270 15363112 18368355 16427929 44574763 108916429 15342766 93573663 1283967 2918694 1736997 2590344 1518202 10048204 0 0 0 0 0 0 0 0 0 0 0 0 118964633 1184511246 0.78657 0.7535 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 15094 0 0 15094 0 Schedule C, Part II-B, Line 1 The University pays membership dues to organizations which engage in some lobbying activities. The amount disclosed in line 1g includes $11,147 of the dues attributable to lobbying activities. Line 1g also includes $420 in travel costs related to lobbying activities. 0 0 X X X 0 0 1 X 184731072 10609736 27954071 0 12653341 0 210641538 174149940 3324854 13713254 0 6456976 0 184731072 178758605 3879210 -1985829 0 6502046 0 174149940 152815196 1374251 32024307 0 7455149 0 178758605 151180031 2912779 9228006 0 10505620 0 152815196 0.28 0.52 0.2 0 0 0 57083998 57083998 0 347089706 112360394 234729312 0 3983381 2838428 1144953 0 29409638 15621855 13787783 0 36591763 21331966 15259797 322005843 0 F 0 F Private equity partnerships 52085198 F Hedge funds 35746037 F Collective investment funds 66950700 F Investment in commercial real estate 16535136 C All other investments 1472065 F 172789136 Assets held under split interest agreements 9537326 Construction in progress 2745303 Funds held in trust by others 1993728 Unamortized bond issuance costs 1566231 15842588 0 US Government loan funds 6179945 Liabilities under split-interest agreements 5744300 Unrealized loss on int. rate swap agreement 1988368 Asset retirement obligation 583998 14496611 X 265124669 23291575 0 0 -66378989 -43087414 308212083 0 -574949 -574949 307637134 210228643 0 0 0 574949 574949 209653694 0 66378989 66378989 276032683 Schedule D, Part III, Line 1 The University holds various collections that are made up of artifacts of historical significance and art objects that are held for educational, research, scientific, and curatorial purposes. Each item is cataloged, preserved, and maintained to ensure their original condition is maintained. Collections, which have been acquired through purchases and contributions to the University, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as the items are restricted by donors. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset class. No collection items were deaccessioned in the years ended June 30, 2014 or 2013. Schedule D, Part III, Line 4 The artifacts in the University's collections are used for instructional and research purposes. Schedule D, Part IV, Line 2b The University receives cash deposits on behalf of various student clubs. Funds are disbursed on behalf of those clubs for various items such as printing, mailing, audio/visual equipment rentals, and catering. Schedule D, Part V, Line 4 The University invests endowment funds to provide income to support educational activities, either as a result of donor-imposed restrictions or as a result of designations by the Board of Trustees. Schedule D, Part X, Line 2 The University has considered the impact of ASC 740, Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities, and after review of the potential impact of various tax provisions, it was determined that no potential liability exists for those positions. Schedule D, Part XI, Line 2d For financial statement purposes, the University deducts student aid expense of $66,378,989 from gross tuition and fees to derive net tuition and fees. Schedule D, Part XI, Line 4b The University treats special event fundraising expense of $500,000 as a reduction of revenue in Part VIII and accounted for as an expense in the University's audited financial statements. Schedule D, Part XII, Line 2d The University treats special event fundraising expense of $500,000 as a reduction of revenue in Part VIII and accounted for as an expense in the University's audited financial statements. Schedule D, Part XII, Line 4b For financial statement purposes, the University deducts student aid expense of $66,378,989 from gross tuition and fees to derive net tuition and fees. 1 1 1 1 1 1 1 0 0 0 1 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University's Nondiscrimination Policy is prominently displayed on its public website and in all brochures, publications, and catalogs dealing with student admissions, programs, and scholarships. Schedule E, Part I, Line 5 The university's overall financial aid program consists of many scholarships, grants, loans or other forms of support from private and public sources. Within the larger context of its overall financial aid program, the university relies upon the generous support of individuals, organizations and local businesses to fund scholarship programs to assist in the recruitment and retention of racially, ethically, geographically, and socially economically diverse students. These programs are narrowly tailored and are premised on an interest in achieving the educational benefits of a diverse student body as recognized by the university's Board of Trustees. Schedule E, Part I, Line 6 The University receives federal, state, local, and foundation grants for academic activities, research, student financial aid, student loan, and work study programs. Central America and the Caribbean 0 0 Investments Investments (fair market value as of June 30, 2014) 28472983 Central America and the Caribbean 0 0 Program Services Study abroad 59015 East Asia and the Pacific 0 0 Program Services Study abroad 104238 Europe (including Iceland and Greenland) 0 0 Program Services Study abroad 502526 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study abroad 17207 North America (including Canada and Mexico, but not the United States) 0 0 Fundraising Direct marketing services for fundraising. See Schedule G, Part IV, Statement 1. 40000 0 0 29195969 1 0 1 0 0 0 Schedule F, Part I, Line 3 The University has holdings in alternative and other investments in funds legally domiciled outside the United States. The University monitors those investments through due diligence by the investment committee, the Associate VP for Finance, and the University's investment adviser. X X X X X X X 1 Legacy Leaders Inc 425 University Ave Suite 7 Toronto Ontario CA M5G 1T6 Legacy Leaders (the Company) provides direct marketing services (mail and telephone) specifically focused on securing planned and estate gifts for the University. The University provides the company with a list of individuals identified as planned giving donors. The Company directs to University staff those individuals interested in making a planned gift. The Company also follows up with stewardship (such as thank you letters), calling, and mailing. The University does not track specific bequests resulting form services rendered by the Company. 0 0 40000 -40000 0 40000 -40000 WA Annual Gala 847236 702436 144800 0 0 31103 108616 115500 85657 Red Tie 350858 329558 21300 0 0 0 94320 4932 53583 3 179068 130028 49040 0 2890 8320 34648 1300 34080 1377162 1162022 215140 0 2890 39423 237584 121732 173320 574949 -359809 1 Grants and scholarships funded from institutional funds 5180 0 62519768 Book Financial aid Scholarships and grants funded from gifts and other restricted funds 705 0 3859221 Book Financial aid Schedule I, Part I, Line 2 The University's Enrollment Services Division, Office of Student Financial Services, and Office of Research Services and Sponsored Projects are responsible for the administration of all grants and student aid according to current law, regulations, and policies prescribed by grantors. The University is subject to annual audits conducted in accordance with OMB Circular A-133. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Stephen V Sundborg SJ Trustee, President 373800 0 0 0 0 0 0 0 0 0 373800 0 0 0 Isiaah Crawford Provost 256251 0 0 0 12000 0 25500 0 10746 0 304497 0 0 0 Marilyn Ann Crone VP for Enrollment Mgt 182374 0 0 0 0 0 20375 0 6741 0 209490 0 0 0 Robert J Dullea VP Planning and Vice Prov 167435 0 0 0 0 0 18521 0 40169 0 226125 0 0 0 Gerald V Huffman VP Human Res and Univ Serv 135797 0 0 0 0 0 16355 0 7895 0 160047 0 0 0 Constance R Kanter CFO/VP for Fin and Bus Affrs 208124 0 0 0 0 0 14360 0 13466 0 235950 0 0 0 Timothy P Leary Executive Vice President 219534 0 0 0 0 0 23905 0 42644 0 286083 0 0 0 Scott K McClellan VP for Communications 172982 0 0 0 14400 0 6180 0 13466 0 207028 0 0 0 Mary Kay McFadden VP for Univ Advancement (through Dec 2013) 213180 0 0 0 0 0 23041 0 6741 0 242962 0 0 0 Mary S Petersen VP and University Counsel 192055 0 0 0 0 0 22280 0 36266 0 250601 0 0 0 Annette E Clark Dean and Professor 277032 0 0 0 385000 0 25500 0 7548 0 695080 0 0 0 Joseph M Phillips Jr Dean and Professor 214580 0 0 0 0 0 24920 0 44636 0 284136 0 0 0 David V Powers Dean and Professor 168419 0 0 0 0 0 19365 0 13466 0 201250 0 0 0 Michael Jay Quinn Dean and Professor 162099 0 0 0 0 0 18960 0 13466 0 194525 0 0 0 Robert S Chang Professor 202589 0 0 0 0 0 22851 0 13466 0 238906 0 0 0 Cameron Dollar Head Mens Basketball Coach 216504 0 0 0 60000 0 20000 0 13466 0 309970 0 0 0 Marilyn E Gist Exec Dir Ctr for Leader Form 216867 0 0 0 0 0 17914 0 5162 0 239943 0 0 0 W H Knight Professor 220202 0 0 0 0 0 25160 0 10746 0 256108 0 0 0 Charles OKelley Professor 267591 0 0 0 0 0 25500 0 6741 0 299832 0 0 0 Mark Niles Dean and Professor (former) 167759 0 0 0 0 0 17197 0 6286 0 191242 0 0 Schedule J, Part I, Line 1a The University paid $20,020 in club dues for certain officers and other employees for business-related purposes as follows: Rainier Club ($8,359): Annette Clark $3,310, Stephen V. Sundborg SJ $2,464, Joseph M. Phillips Jr $2,585; Rotary Club ($3,745): Stephen V. Sundborg SJ $1,700, Joseph M. Phillips Jr $2,045; University Club: Stephen V. Sundborg SJ $1,100; Washington Athletic Club ($6,816): Bill Hogan $4,861, Mary Kay McFadden $1,356, Nicholas Peterson $599. The University provided housing allowances to the following officers, key employees and highly-compensated employees: Scott K McClellan $14,400, Cameron Dollar $24,400, Isiaah Crawford $12,000. Schedule J, Part II The University paid Killian Noe a stipend in the amount of $1,500 for a course co-taught in 2013. The University made a one-time payment of $385,000 to Annette Clark for retirement of University of Puget Sound-Seattle University faculty early retirement liability. A Washington Higher Education Facilities Authority 911306482 9387812J2 2007-07-25 38075000 Capital Project 0 0 0 B Washington Higher Education Facilities Authority 911306482 939781UN7 2005-09-21 23505000 Refunding 0 0 0 C Washington Higher Education Facilities Authority 911306482 939781A26 2008-03-20 26595000 Refunding 0 0 0 D Washington Higher Education Facilities Authority 911306482 939781K81 2009-09-30 41775000 Capital Project 0 0 0 A 1375000 0 38075000 0 0 0 931512 0 0 37143488 0 0 2009 0 0 1 1 B 4790000 0 23505000 0 0 0 464468 0 0 0 23040532 0 2005 1 0 1 1 C 6125000 0 26595000 0 0 0 373275 0 0 0 26221275 0 2008 1 0 1 1 D 0 0 41775000 0 0 0 515109 0 0 41258891 0 0 2010 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 1 1 Bank of New York 2.9 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part IV, Line 2c-07/25/2007 38,075,000 Washington Higher Education Facilities Authority All required rebate has been paid. Schedule K, Part IV, Line 2c-09/21/2005 23,505,000 Washington Higher Education Facilities Authority All required rebate has been paid. Schedule K, Part IV, Line 2c-03/20/2008 26,595,000 Washington Higher Education Facilities Authority All required rebate has been paid. Schedule K, Part IV, Line 2c-09/30/2009 41,775,000 Washington Higher Education Facilities Authority All required rebate has been paid. A Washington Higher Education Facilities Authority 911306482 939781J68 2011-09-01 14570000 Refunding 0 0 0 A 915000 0 14570000 0 0 0 530137 0 0 0 14039863 0 2011 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 Schedule K, Part IV, Line 2c-09/01/2011 14,570,000 Washington Higher Education Facilities Authority All required rebate has been paid. NA NA 1395 Financial Aid Financial Aid James Tower LLC Entity which Trustee David Sabey served as an officer during the year. 726953 Life science lab and office lease 0 Mirabella Seattle Entity which key employee Joseph M Phillips JR is a director 300000 Sale of bed rights held by the university to Mirabella Seattle 0 Sellen Construction Entity which Trustee Scott Redman served as an officer during the year. 121420 Construction contracting 0 Sebris Busto James Entity which Trustee Maureen Lee's husband is a shareholder. 112149 Legal services 0 Erin D Swezey Ms. Swezey is married to Timothy Leary, the University's Executive Vice President. 50415 Ms. Swezey is a member of the faculty of the College of Education. 0 X 35 1210056 FMV X 1 13880000 FMV 1 0 1 0 Schedule M, Part I, Line 9 The amount reported in Schedule M, Part I, Column B, Line 9 represents the number of contributions during the year. Form 990, Part III, Line 4a In prior years, the University disclosed its auxiliary activities as a separate program service accomplishment. In this return, those activities are included in the University's disclosures in line 4a. Form 990, Part VI, Section A, Line 2 Trustee Scott Redman has a familial relationship with Trustee Rick Redman. Trustee Rolfe, Trustee Trainer, and Trustee Wright each has a business or financial interest in an entity that owns or operates a mixed use structure on property leased from Seattle University and that provides housing opportunities for students and faculty. Trustee Rolfe, Trustee Trainer, and Trustee Wright each has a business or financial interest in an entity that owns or operates a mixed use structure on property leased from Seattle University and that provides housing opportunities for students and faculty. Form 990, Part VI, Section A, Line 6 Seattle University is a Washington nonprofit corporation governed by a Board of Trustees that is responsible for the overall management of the affairs of the University. As a nonprofit member corporation established under Washington state law, the University has a Board of Members. The University has seven members. Each member is required to be in good standing in the Society of Jesus. The seven members include the following: the Rector of the Seattle University Jesuit Community and six Jesuits from among those under contract at Seattle University. The President, Provost and any Vice President of Seattle University are ineligible to be a member. Members are elected by Jesuits currently under contract at Seattle University. Form 990, Part VI, Section A, Line 7a The bylaws for Seattle University require at least seven of the thirty-five Trustees belonging to the Society of Jesus, one of whom is the President of the University ex officio. These Jesuit Trustees are chosen by the Members. Any Trustees appointed by the Members may be removed from the governing board by the affirmative vote of two-thirds of all the Members. Any vacancies of Trustees originally appointed by the Members should be subsequently filled with another individual appointed by the Members. Form 990, Part VI, Section A, Line 7b The principal duty of the Members is to ensure furtherance of the work of Catholic higher education in accordance with the tradition sand ideals of the Society of Jesus. The power to alter, amend, or repeal the Articles of Incorporation or the Bylaws is reserved to the Members and must be exercised in accordance with the Bylaws. The Members may delegate this authority to the Board of Trustees in whole or in part. The Board of Trustees may not authorize the sale or lease of any corporate properties having a fair market value in excess of $300,000 without the written approval of a majority of the Members. Members, like Trustees, have a duty to conduct themselves in the best interests of the University consistent with the objectives and purposes of the University as stated in the Articles and Bylaws. Form 990, Part VI, Section B, Line 11b Each voting member of the Board of Trustees was provided with an electronic copy of Form 990 and supporting schedules prior to filing with the IRS. The Audit Committee of the Board met to review the form and schedules as well. The form and schedules were also reviewed by appropriate officers and management, including but not limited to the CFO/VP for Finance and Business Affairs, the Associate VP for Finance and Investments, the Executive Vice President, and University Counsel. Form 990, Part VI, Section B, Line 12c The Conflict of Interest Policy for Trustees is contained in the Bylaws of the University. Trustees are informed of this policy during Trustee orientation and the annual meeting. On an annual basis, each Trustee is asked to furnish a written statement indicating whether he or she is involved in any matter that poses an actual or potential conflict of interest. Trustees are expected to update the disclosure throughout the year as may be appropriate. After a trustee's disclosure of a potential financial or other conflict of interest, the chair of the Board of Trustees, in consultation with the University Counsel, determines whether the situation constitutes a conflict of interest requiring action by the Board. If the chair of the Board believes Board action is appropriate, the interested person must leave the Board meeting where the financial or other interest is discussed and voted upon, unless requested to stay either to respond to questions or provide information to the Board on the matter under discussion. The remaining board members decide if a conflict of interest exists and the appropriate course of action. Officers, key employees, faculty, and staff are covered by the University conflict of interest policy. Individuals are informed of this policy at the time of hire. The policy is contained in the Human Resources Policy Manual and is available to faculty and staff on the University's website. Upon identification of a potential conflict of interest, the matter is reviewed and evaluated by University officials and a determination is made regarding an appropriate action. The University has also adopted the Policy for Financial Conflict of Interest Disclosure and Management for Investigators in Externally Sponsored Programs in compliance with US Department of Health and Human Services regulations (42 CFR Part 50, Subpart F) and the financial conflict of interest policies of the National Science Foundation. Finally, the Office of Finance and Business Affairs, through the Office of the Controller, reviews carefully all proposed business transactions, expenditures, and requests for reimbursements to determine compliance with University policies, including those relating to conflict of interest. Form 990, Part VI, Section B, Line 15 The University's process for determining compensation for the president, officers, and key employees includes the following elements: (1) an authorized committee of the Board of Trustees composed entirely of individuals who are unrelated to, and not subject to, the control of disqualified persons involved in the compensation arrangement; (2) reliance on appropriate comparability data, including compensation levels paid by similarly situated organizations for functionally comparable positions; the location of the University, including the availability of similar specialties in the geographic area; independent compensation surveys by nationally-recognized independent firms; and written offers from similar institutions competing for the services of the disqualified person; and (3) documentation by the authorized body that adequately documents the basis for determination concurrent with making decisions regarding the compensation arrangement. The Executive Committee of the Board of Trustees serves as the compensation committee and follows this process annually. The compensation arrangement for the President, Provost, Executive Vice President, CFO, and other members of the Cabinet was most recently reviewed on April 23, 2015. Within the institution, appropriate comparability data is also obtained and reviewed for all other officers, key employees, and any other highly-compensated employees. Form 990, Part VI, Section C, Line 19 While applicable federal 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 each of the foregoing available on its website, www.seattleu.edu, or upon request. Form 990, Part VII, Section A, Line 1d Stephen V. Sundborg, SJ, Peter B. Ely, SJ, Thomas M. Lucas, SJ, Eric Watson, SJ, and Patrick M. Kelly, SJ, are members of the Society of Jesus who are employed by Seattle University. Each has assigned his gross salary and the dollar equivalent of his employee benefits to the Jesuit Community at Seattle University in accordance with Article VI of the Bylaws of the University Seattle University Foundation 901 12th Avenue Seattle WA 98122 911130769 Fundraising WA 501(c)(3) Type I Seattle University 1 Charitable Remainder Unitrusts (6) Seattle University Foundation 900 Broadway Admin 120 Seattle WA 981224340 911130769 Investment WA Seattle University T 0 Charitable Remainder Annuity Trusts (2) Seattle University Foundation 900 Broadway Admin 120 Seattle WA 981224340 911130769 Investment WA Seattle University T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0