2015-05-12T10:18:26-05:00 2014-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2013-07-01 930386892 Pacific University % Allie Losli PACI 5033522819 2043 College Way Suite Forest Grove OR 97116 MICHAEL MALLERY VP FINANCE & ADMINISTRATION 5033522819 2015-05-11 true SUE ROBISON P00560072 5033522819 2013 2016-02-25 16:41:14Z Dr Lesley Hallick 2043 College Way Forest Grove OR 97116 147507289 false X www.pacificu.edu X School 1849 OR A DIVERSE SUSTAINABLE COMMUNITY DEDICATED TO DISCOVERY & EXCELLENCE IN TEACHING, SCHOLARSHIP & PRACTICE, PACIFIC INSPIRES STUDENTS TO THINK, CARE & PURSUE JUSTICE IN OUR WORLD 33 30 2841 900 412576 -37895 4520076 5120692 120887552 130731295 3789954 4145172 -145048 -171841 129052534 139825318 28916866 32811222 0 0 58425824 63155315 0 0 3599761 36593040 39264838 123935730 135231375 5116804 4593943 224673746 256850512 104627213 128103640 120046533 128746872 X Pacific University began as a school for orphans from the Oregon Trail in 1848 and in 1849 was chartered as a college founded by congregationalists and modeled after the best schools of New England. Over time, the University has grown into a unique combination of undergraduate and graduate progrms in liberal arts and sciences, education, business and health. Today, Pacific's focus on teaching and learning in a close nurturing enviornment leads to genuine transformation in students' lives. Distinguished by its inquiry-based curricula and interdisiplinary collaboration, Pacific offers students exceptional opportunities for experiential learning, leadership and civic engagement. Vision 2020 Pacific University will embrace discovery as an essential characteristic of teaching, learning, scholarship, practice, and creative expression. We will achieve excellence and distinction by investing in exceptional people. We will embrace a rich diversity of ideas, peoples and cultures. We will incorpo false false 38185962 115061936 Instruction - academic departments provide educational services to attending students. 32811222 32811222 Grants and scholarships - the university provides monetary support through grants, scholarships and financial aid to qualified students 29322956 12420130 Other student support services - dorm, cafeteria and activities are provided to students to enhance the academic social environment at the university. 3059029 2854609 Clinics - Part of Curriculum 3059029 2854609 103379169 true true false true false false false false false true true false false true true true true false true false false false false false true false false false true true true false false false false false false false false false false true false false false false true false false false false true 510 0 true 2841 true true true false false false true true true true false false false false X 33 30 false false false false false false false true true false false true true true true true true true false false OR X X Allie Losli 5033522819 2043 COllege Way Forest Grove OR 97116 Lesley Hallick President/Trustee 40.0 0.0 X X 532563 0 34604 Dr Michelle M Cowing Professor/ Trustee 40.0 0.0 X 106933 0 18280 Dr Catherine E Kim Professor/ Trustee 40.0 0.0 X 101124 0 9141 Kasie J Mix Student/Trustee 1.0 0.0 X 0 0 0 Kailea Saplan Student/Trustee 1.0 0.0 X 0 0 0 Julie Berglund Baker Trustee 1.0 0.0 X 0 0 0 Robert O Barrett Trustee 1.0 0.0 X 0 0 0 Evona M Brim Trustee 1.0 0.0 X 0 0 0 Dr George J Brown Trustee 1.0 0.0 X 0 0 0 Mindy Cameron Trustee 1.0 0.0 X 0 0 0 Dori M Carlson Trustee 1.0 0.0 X 0 0 0 Manuel Castaneda Trustee 1.0 0.0 X 0 0 0 Patrick CH Clark Trustee 1.0 0.0 X 0 0 0 Brian B Doherty Trustee 1.0 0.0 X 0 0 0 Mark Frandsen Trustee 1.0 0.0 X 0 0 0 Rebecca Graham Trustee 1.0 0.0 X 0 0 0 Richard E Hanson Trustee 1.0 0.0 X 0 0 0 Michael E Hudson Sr Trustee 1.0 0.0 X 0 0 0 Don R Kania Trustee 1.0 0.0 X 0 0 0 Dr Peter O Kohler Trustee 1.0 0.0 X 0 0 0 Kim W Ledbetter Trustee 1.0 0.0 X 0 0 0 Matthew Lowe Trustee 1.0 0.0 X 0 0 0 Kenneth C McGill Trustee 1.0 0.0 X 0 0 0 Richard Miles Trustee 1.0 0.0 X 0 0 0 Nancy M Phillips Trustee 1.0 0.0 X 0 0 0 Joseph A Rodriguez Trustee 1.0 0.0 X 0 0 0 Tim Schauermann Trustee 1.0 0.0 X 0 0 0 William H Stoller Trustee 1.0 0.0 X 0 0 0 Tommy Thayer Trustee 1.0 0.0 X 0 0 0 Doug Wberling Trustee 1.0 0.0 X 0 0 0 Mike Wright Trustee 1.0 0.0 X 0 0 0 Gerald C Yoshida Trustee 1.0 0.0 X 0 0 0 Gene Zurbrugg Trustee 1.0 0.0 X 0 0 0 John Miller VP of Academic Affairs/Provost 40.0 0.0 X 221048 0 30001 Michael Mallery VP of Finance & Administration 40.0 0.0 X 217931 0 28891 Catharine Warman VP of University Advancement 40.0 0.0 X 225794 0 24820 Howard Smith Dean/College of Business 40.0 0.0 X 198449 0 28471 Ann Barr-Gillespie Executive Dean/Vice Provost 40.0 0.0 X 198555 0 24480 Mark Ankeny VP Enroll Mgmt & Stud Affairs 40.0 0.0 X 195246 0 22548 Jennifer Coyle Dean/School of Optometry 40.0 0.0 X 185006 0 32148 2182649 0 253384 68 false true false Walsh Construction Co - 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RECLASS (202,663) SCHOLARSHIP - RECLASS 32,811,222 ACTUARIAL ADJUSTMENT 452,437 ---------- TOTAL 33,175,074 OTHER INCLUDED EXPENSES SCHEDULE D, PART XIII, LINE 4B DIRECT FUNDRAISING EXPENSE - RECLASS (202,663) SCHOLARSHIP - RECLASS 32,811,222 ---------- TOTAL 32,608,559 ENDOWMENT FUNDS PART V, LINE 4 THE ENDOWMENT FUNDS ARE USED TO HELP THE UNIVERSITY PLAN BEYOND THE CURRENT YEAR. THE FUND GROWS EACH YEAR THROUGH ADDITIONAL GIFTS AND SUCCESSFUL INVESTING. THE ENDOWMENT PRIMARILY PROVIDES FUNDING FOR SCHOLARSHIPS, PROFESSORSHIPS AND OTHER SCHOOL PROGRAMS EACH YEAR. FIN 48 FOOTNOTE PART X, LINE 2 THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE UNIVERSITY AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME UNDER SECTIONS 511 THROUGH 515. MANAGEMENT BELIEVES THAT UNRELATED BUSINESS INCOME TAX, IF ANY, IS IMMATERIAL, AND THEREFORE, NO TAX PROVISION HAS BEEN MADE. THE UNIVERSITY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FASB ASC NO. 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT 109, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION OF TAX BENEFITS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740-10 ALSO PROVIDES RELATED GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 DUE TO THE SIZE OF THE SCHOOL, ITS GEOGRAPHICAL LOCATION, AND THE COMMUNITY IT SERVES, THE NON-DISCRIMINATION POLICY AND RACIAL COMPOSITION OF THE STUDENT BODY IS WELL-KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED AND IS PUBLISHED LOCALLY. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A PACIFIC UNIVERSITY RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES, INCLUDING US GOVERNMENT GRANTS, LOANS AND OTHER GOVERNMENT GRANTS. FUNDRAISING 429676 398854 30822 35288 49319 118056 0 429676 398854 30822 35288 49319 118056 202663 -171841 true ACADEMIC AWARDS/SCHOLARSHIPS 1710 30936343 N/A N/A ENDOWED SCHOLARSHIPS 233 891828 N/A N/A RESTRICTED NAMED SCHOLARSHIPS 580 904443 N/A N/A TUITION EXCHANGE WAIVERS 15 26992 N/A N/A TUALATIN ACADEMIC WAIVERS 6 51616 N/A N/A MONITOR PROCESS SCHEDULE I, PART 1, LINE 2 PACIFIC UNIVERSITY AWARDS FEDERAL AND STATE AID ONLY TO U.S. CITIZENS AND ELIGIBLE NON-CITIZENS. ELIGIBLE NON-CITIZENS ARE DEFINED AS THOSE LIVING IN THE U.S. FOR "OTHER THAN A TEMPORARY PURPOSE"; THEY CAN POSSESS A VARIETY OF DOCUMENTS WHICH DEMONSTRATES THAT STATUS, INCLUDING I-551S AND I-94S WITH CERTAIN STAMPS. APPLICANTS WHO FILE A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) HAVE THEIR FAFSA DATA MATCHED WITH DATA IN SEVERAL FEDERAL DATABASES, INCLUDING THE SOCIAL SECURITY ADMINISTRATION AND THE DEPARTMENT OF HOMELAND SECURITY. WHEN THOSE DATABASE MATCHES ARE NOT SUCCESSFUL, WE OBTAIN DOCUMENTATION FROM THE APPLICANTS TO ENSURE THAT WE ARE AWARDING FEDERAL AND STATE AID ONLY TO ELIGIBLE RECIPIENTS. THAT DOCUMENTATION BECOMES PART OF THEIR FINANCIAL AID FILES AND IS RETAINED FOR AT LEAST FIVE YEARS. ELIGIBLE NON-CITIZENS MUST ALSO BE OREGON RESIDENTS TO RECEIVE STATE AID. INSTITUTIONAL AID ONLY IS AWARDED TO CERTAIN INTERNATIONAL STUDENTS WHO ARE IN THE U.S. SOLELY OR PRIMARILY TO PURSUE POSTSECONDARY EDUCATION. ON AN ON-GOING BASIS, STAFF IN FINANCIAL AID AND BUSINESS OFFICE MONITORS THE ACTIVITY OF ALL AWARDING AND DISBURSEMENT ACTIVITY OF AWARDS AND LOANS ON A MONTHLY BASIS AT A MINIMUM. ANY DIFFERENCES OR ANOMALIES ARE INVESTIGATED IMMEDIATELY AND, IF NEEDED, CORRECTED. X true false X X X X X false false false false false false false false false Lesley Hallick President/Trustee 345693 0 0 0 186870 0 34604 0 0 0 567167 0 0 0 John Miller VP of Academic Affairs/Provost 221048 0 0 0 0 0 30001 0 0 0 251049 0 0 0 Michael Mallery VP of Finance & Administration 217931 0 0 0 0 0 28891 0 0 0 246822 0 0 0 Catharine Warman VP of University Advancement 225794 0 0 0 0 0 24820 0 0 0 250614 0 0 0 Howard Smith Dean/College of Business 198449 0 0 0 0 0 28471 0 0 0 226920 0 0 0 Ann Barr-Gillespie Executive Dean/Vice Provost 198555 0 0 0 0 0 24480 0 0 0 223035 0 0 0 Mark Ankeny VP Enroll Mgmt & Stud Affairs 195246 0 0 0 0 0 22548 0 0 0 217794 0 0 0 Jennifer Coyle Dean/School of Optometry 185006 0 0 0 0 0 32148 0 0 0 217154 0 0 0 HOUSING ALLOWANCE SCHEDULE J, PART I, LINE 1A THE UNIVERSITY PROVIDES HOUSING ALLOWANCE AND AUTOMOBILE ALLOWANCE TO THE UNIVERSITY PRESIDENT. THE AMOUNT IS TAXED AND IS INCLUDED IN THE PRESIDENT'S FORM W-2. A CITY OF FOREST GROVE OREGON 936002164 345648CE7 2005-08-16 41881709 SEE SUPPLEMENTAL INFORMATION false false false B CITY OF FOREST GROVE OREGON 936002164 2013-09-27 18500000 SEE SUPPLEMENTAL INFORMATION false false false C CITY OF FOREST GROVE OREGON 936002164 345648DA4 2014-03-20 35933858 SEE SUPPLEMENTAL INFORMATION false false false A 3110000 0 41881709 3058794 0 0 579798 1238701 0 26247416 0 0 2007 false true true true B 0 0 18500000 0 0 0 370000 0 0 14172163 0 3957837 2015 false false false false C 0 0 35933858 0 0 0 666985 0 0 35266873 0 0 2014 true false false false A false false true true false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false false false true false false 0 true RBC 3.5 true false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true SCHEDULE K, PART I, LINE A, COLUMN F THE PURPOSE OF THE BOND ISSUANCE ON 8/16/2005 WAS TO ADVANCE REFUND SERIES 6/15/2000 BONDS AND CONSTRUCT A NEW HEALTH CAMPUS. SCHEDULE K, PART II, LINE 15 $11,557,498 OF THE PROCEEDS FROM THE 8/16/2005 BOND ISSUANCE WERE USED TO ADVANCE REFUND THE PRIOR ISSUE. SCHEDULE K, PART III, LINE 3A PACIFIC UNIVERSITY HAS FOOD SERVICE IN THE BUILDING. IT IS A SMALL KIOSK FOR FACULTY AND STAFF. THIS SERVICE IS INCIDENTAL AND SUPPORTS THE ORGANIZATION'S ACTIVITIES. SCHEDULE K, PART IV, LINE 2C NO REBATE IS REQUIRED. THE DATE OF THE COMPUTATION WAS JUNE 21, 2010. SCHEDULE K, PART I, LINE B, COLUMN F THE PURPOSE OF THE BOND ISSUANCE ON 9/27/2013 WAS TO COMPLETE A NEW RESIDENCE HALL AND FOR STREET AND LAND IMPROVEMENTS. WE HAVE COMPLETED THE RESIDENCE HALL AND WILL COMPLETE THE STREET IMPROVEMENTS THE SUMMER OF 2015. THIS IS A DRAW DOWN BOND AND AS OF JUNE 30, 2014, WE HAD DRAWN $14,172,163. WE PLAN TO DRAW THE REMAINING $3,957,837 BY MARCH 15, 2015. SCHEDULE K, PART I, LINE C, COLUMN F PACIFIC REFUNDED ITS SERIES 2009 BONDS IN 2013-14 WITH THE ISSUE OF 2014 BONDS ON 3/20/2014. X 52 300100 Average Market Value false false false NUMBER OF CONTRIBUTIONS SCH. M, PART I THE NUMBER OF CONTRIBUTIONS REPORTED IN PART I IS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. REVIEW OF FORM 990 FORM 990 PART VI LINE 11B FORM 990, PART VI, LINE 11 A & B A DRAFT OF THE FORM 990 FOR FISCAL YEAR 2013-2014 WILL BE SENT TO EACH MEMBER OF THE BOARD BEFORE FILING. THE COMMITTEE HAS DELEGATED THE AUDIT COMMITTEE TO REVIEW THE FORM 990. THIS REVIEW PROCESS WILL TAKE PLACE BEFORE THE FORM 990 IS FILED AND WILL INCLUDE PARTIES FROM THE TAX FIRM INVOLVED, THE CONTROLLER, THE VP FOR FINANCE & ADMINISTRATION, AND THE AUDIT COMMITTEE. AFTER REVIEW AND PRIOR TO FILING, A COPY OF THE RETURN WILL BE PROVIDED TO EACH BOARD MEMBER, PREFERABLY BY EMAIL TRANSMISSION. ENFORCEMENT OF WRITTEN CONFLICT OF INTEREST POLICY FORM 990 PART VI LINE 12C FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES CONFLICT OF INTEREST POLICY IS INCLUDED AS ARTICLE 6, SECTION 5 OF THE BYLAWS WHICH GOVERN THE ACTIONS OF THE BOARD OF TRUSTEES OF PACIFIC UNIVERSITY. a)TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF (i) SUCH TRUSTEE HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS WHICH IMPAIR OR MIGHT REASONABLY APPEAR TO IMPAIR SUCH MEMBER'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF SUCH TRUSTEE'S RESPONSIBILITIES TO THE UNIVERSITY, OR (ii) SUCH TRUSTEE IS AWARE THAT A MEMBER OF HIS OR HER FAMILY, OR ANY ORGANIZATION IN WHICH SUCH TRUSTEE (OR MEMBER OF HIS OR HER FAMILY) IS AN OFFICER, DIRECTOR, EMPLOYEE, MEMBER, PARTNER, TRUSTEE OR CONTROLLING STOCKHOLDER, HAS SUCH EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS. FOR THE PURPOSES OF THIS PROVISION, A FAMILY MEMBER IS DEFINED AS A SPOUSE, PARENT, SIBLING, CHILD AND ANY OTHER RELATIVE IF RESIDING IN THE SAME HOUSEHOLD AS THE TRUSTEE. b) ALL TRUSTEES AND COMMITTEE MEMBERS SHALL REFRAIN FROM CONFLICTS OF INTERESTS, THE PERCEPTION OF CONFLICTS OF INTEREST AND REQUESTING SPECIAL FAVORS. HOWEVER, IF CONFLICTS DO OCCUR, TRUSTEES AND COMMITTEE MEMBERS SHOULD DISCLOSE THEIR INTEREST DURING THE TRANSACTION OF BUSINESS AND ABSTAIN FROM VOTING ON ISSUES WHERE A CONFLICT IS PRESENT. ANNUALLY, BOARD MEMBERS RECEIVE A COPY OF THE CONFLICT OF INTEREST STATEMENT AND ARE REQUIRED TO COMPLETE A DISCLOSURE STATEMENT. THIS STATEMENT IS RETURNED TO THE OFFICE OF THE PRESIDENT AND KEPT ON FILE. THE PRESIDENT AND CHAIRMAN OF THE BOARD FOLLOW-UP WITH THE BOARD MEMBERS REGARDING COMPLETING THE DISCLOSURE STATEMENT. THE OFFICE OF THE PRESIDENT MONITORS RECEIPT OF THE SIGNED STATEMENT TO ENSURE ALL BOARD MEMBERS COMPLETE THE DISCLOSURE. ALL RESPONSES ARE REVIEWED BY THE PRESIDENT. IF A MEMBER DISCLOSES A CONFLICT OF INTEREST, A COPY IS SENT TO THE VP OF FINANCE. ADDITIONALLY, UPON DISCOVERY OF A POSSIBLE CONFLICT OF INTEREST OR AT ANY OTHER TIME REQUESTED BY THE COMMITTEE OF TRUSTEES, TRUSTEES WILL BE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND RETURN IT TO THE OFFICE OF THE PRESIDENT. THE UNIVERSITY'S INSTITUTIONAL CONFLICT OF INTEREST POLICY FOR ALL EMPLOYEES, INCLUDING OFFICERS, REQUIRES EMPLOYEES TO DISCLOSE ALL CONFLICTS OF INTEREST WITH THE UNIVERSITY. A COPY OF THIS CONFLICT OF INTEREST POLICY IS DELIVERED ELECTRONICALLY TO EMPLOYEES ANNUALLY AND IS INCLUDED AMONG UNIVERSITY INSTITUTIONAL POLICIES POSTED IN THE HUMAN RESOURCES WEB PAGE ONLINE. HTTP://WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM THIS POLICY PROVIDES THAT A CONFLICT OF INTEREST EXISTS IF AN EMPLOYEE'S ACTIONS, ACTIVITIES, OR PRACTICES ON BEHALF OF THE UNIVERSITY EITHER (A) RESULT IN PREFERENTIAL TREATMENT OR AN IMPROPER GAIN OR ADVANTAGE TO THE EMPLOYEE, THE EMPLOYEE'S FAMILY OR BUSINESS ASSOCIATES, OR (B) HAS A DETRIMENTAL EFFECT ON THE UNIVERSITY'S INTERESTS. A CONFLICT OF INTEREST MAY OCCUR WHEN AN EMPLOYEE FAILS TO EXERCISE DUE CARE, SKILL OR JUDGMENT ON BEHALF OF THE UNIVERSITY IN THE PERFORMANCE OF THE EMPLOYEE'S DUTIES BECAUSE OF AN INTEREST INCONSISTENT WITH THE MISSION GOALS OR WORK OF THE UNIVERSITY. EMPLOYEES MUST PROVIDE FULL DISCLOSURE OF ALL FACTS AND CIRCUMSTANCES RELATED TO ANY TRANSACTION, CONTRACT OR ACTIVITY IN WHICH THEY ARE INVOLVED, OR MAY BECOME INVOLVED, THAT MIGHT DIRECTLY OR INDIRECTLY CREATE A CONFLICT OF INTEREST WITH THE UNIVERSITY. DISCLOSURE IS MADE TO THE EMPLOYEE'S IMMEDIATE SUPERVISOR WHO MUST REPORT THE MATTER TO THE VICE-PRESIDENT OF FINANCE AND ADMINISTRATION. FAILURE TO DISCLOSE A CONFLICT OF INTEREST SUBJECTS THE EMPLOYEE TO DISCIPLINE UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. SECTION 4.10 OF THE UNIVERSITY HANDBOOK GOVERNS FACULTY CONFLICTS OF INTERESTS RELATED TO OUTSIDE CONSULTING OR PARTICIPATION IN COMMERCIAL OR GOVERNMENTAL ENTERPRISES THAT HAVE THE POTENTIAL FOR CREATING A CONFLICT OF INTEREST WITH UNIVERSITY OBLIGATIONS. A CONFLICT OF INTEREST DISCLOSURE FORM MUST BE SUBMITTED NO LATER THAN SEPTEMBER 15 ANNUALLY TO A DEPARTMENT CHAIR OR DIRECTOR AND TO THE COLLEGE DEAN BY FACULTY MEMBERS WITH APPOINTMENTS OF 0.5 FTE OR GREATER. COMPENSATION REVIEW POLICY Form 990 Part VI Line 15a FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF PACIFIC UNIVERSITY SPECIFICALLY STATE THAT THE BOARD OF TRUSTEES IS RESPONSIBLE TO APPOINT THE PRESIDENT AND SET APPROPRIATE CONDITIONS OF EMPLOYMENT WHICH INCLUDE COMPENSATION. THE BOARD SHALL ESTABLISH THE CONDITIONS OF EMPLOYMENT OF OTHER KEY INSTITUTIONAL OFFICERS WHO SERVE AT THE PLEASURE OF THE PRESIDENT (IN CONSULTATION WITH THE BOARD AS MAY BE APPROPRIATE). A COMMITTEE OF THE BOARD COMPRISED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WILL BE AUTHORIZED BY THE BOARD TO REVIEW COMPENSATION DATA AND OTHER EMPLOYMENT INFORMATION APPROPRIATE FOR THE POSITION OF THE PRESIDENT. IN 2013-14, THE UNIVERSITY CONTRACTED WITH AN OUTSIDE FIRM TO CONDUCT A BENCHMARKING STUDY IN ORDER TO OBTAIN COMPETITIVE AND RELEVANT COMPENSATION DATA. THIS BENCHMARKING STUDY INCLUDED RELEVANT INFORMATION ABOUT PACIFIC UNIVERSITY AND THE RESPONSIBILITIES AND ROLES OF THE PRESIDENT AND VICE PRESIDENTS. SUCH INFORMATION INCLUDED A JOB DESCRIPTION FOR EACH POSITION, PACIFIC'S COMPENSATION PHILOSOPHY, GOALS, ROLES AND RESPONSIBILITIES AND OTHER PERTINENT INFORMATION. IN ADDITION, THE FIRM CONDUCTED A COMPREHENSIVE SURVEY OF COMPENSATION PACKAGES OF UNIVERSITY PRESIDENTS AND VICE PRESIDENTS THAT INCLUDED 11 PEER INSTITUTIONS. THE SURVEY INCLUDED REQUESTS OF INFORMATION ON BASE COMPENSATION, BONUSES, DEFERRED COMPENSATION, AND RETIREMENT PROGRAMS AND INCLUDED VARIOUS PERQUISITES. THE FIRM MONITORED RESPONSES AND ANALYZED THE DATA AND THEN PREPARED A REPORT OF THE RESULTS. THIS BENCHMARKING REPORT ALSO INCLUDED RECOMMENDATIONS OF THE RANGE OF PERCENTILES FOR COMPENSATION BASED ON THE PEER GROUP AND INCLUDED RECOMMENDATIONS REGARDING THE STRUCTURE OF THE PACKAGE. BENCHMARKING STUDIES ARE USED BY MEMBERS OF THE BOARD OF TRUSTEES ("BOARD") WHEN REVIEWING COMPENSATION FOR THE PRESIDENT OR IN SELECTING A NEW PRESIDENT. THIS BENCHMARKING STUDY CONDUCTED IN 2013-14 WAS SHARED WITH THE CHAIR OF THE BOARD OF TRUSTEES AND OTHER MEMBERS OF THE BOARD COMPENSATION COMMITTEE. THE BOARD HAS RESPONSIBILITY TO APPOINT THE PRESIDENT AND SET APPROPRIATE CONDITIONS OF EMPLOYMENT, INCLUDING COMPENSATION. WHEN THE BOARD SELECTS A NEW PRESIDENT, A VOTE PROCESS FOR APPROVAL IS CONDUCTED THROUGH A SPECIAL MEETING OF THE BOARD. AT THAT MEETING EACH MEMBER OF THE BOARD WHO IS PRESENT MUST CALL OUT THEIR VOTE AND THEIR VOTE IS RECORDED IN THE MINUTES. THEN AT THE NEXT REGULAR BOARD OF TRUSTEES MEETING A MOTION IS MADE THAT MUST BE PASSED APPOINTING THE NEXT PRESIDENT. THIS IS ALL FULLY DOCUMENTED IN THE MINUTES OF THE MEETING. DETERMINING COMPENSATION FOR KEY AND OTHER EMPLOYEES SUCH AS THE UNIVERSITY'S VICE PRESIDENTS AND DEANS ARE DONE BY COMPARING COMPENSATION TO MEDIANS OF NATIONAL DATA FOR INSTITUTIONS IN OUR QUARTILE FOR ENROLLMENT AND OUR QUARTILE FOR BUDGET, OR MEDIAN OF THEIR COUNTERPARTS FOR THE PROFESSIONAL SCHOOLS. THEIR SALARIES ARE THEN SET AT OR NEAR THE MEDIAN OF THE RELEVANT COMPARABLE SALARY DATA SET, USING THE SAME METHODOLOGY THAT IS ALSO APPLIED TO ALL FACULTY SALARIES. PUBLIC DISCLOSURE Form 990 Part VI Line 19 FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND PACIFIC UNIVERSITY'S ARTICLES OF INCORPORATION ARE OF RECORD IN THE OFFICE OF THE OREGON SECRETARY OF STATE. CURRENT ARTICLES OF INCORPORATION AND BYLAWS FOR THE BOARD OF TRUSTEES ARE AVAILABLE FROM THE OFFICE OF THE PRESIDENT OF THE UNIVERSITY UPON REQUEST. THE INSTITUTIONAL CONFLICT OF INTEREST POLICY AND THE CONSENSUAL RELATIONS POLICY ARE SITUATED ON THE INSTITUTION'S HUMAN RESOURCES WEBSITE AT: HTTP://WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM SECTION 4.10 OF THE UNIVERSITY HANDBOOK IS FOUND ONLINE AT: HTTP://WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM PDF FINANCIAL STATEMENTS ARE AVAILABLE ON THE INSTITUTION'S BUSINESS OFFICE WEBSITE AT: HTTP://WWW.PACIFICU.EDU/OFFICES/BO/STAFFFACULTY/INDEX.CFM ALL OF THE DOCUMENTS ABOVE ARE ALSO AVAILABLE BY REQUEST. RECONCILIATION OF NET ASSETS FORM 990 PART XI LINE 9 SPLIT INTEREST AGREEMENTS 493,841 ACTUARIAL ADJUSTMENTS (452,437) PARTNERSHIP INCOME (114,078) ROUNDING 1 --------- TOTAL (72,673) CHARITABLE REMAINDER TRUSTS (10) CRUT OR NA Trust true CHARITABLE REMAINDER TRUSTS (1) CRAT OR NA Trust true GEORGE ROSSMAN TRUST US BANK 111 SW 5TH AVE 6TH FLOOR PORTLAND OR 97204 936051550 CHARIT. TRUST OR N/A Trust 27962 1.00000 true JUDITH SCOTT WALTER TRUST PO BOX 20160 LONG BEACH CA 908013160 956007893 CHARIT. TRUST OR N/A Trust 70070 1.00000 true JOSEPH B VANDERVELDEN FOUNDATION 2781 KITTITAS HWY ELLENSBURG WA 98926 936286521 CHARIT. TRUST OR N/A Trust 82343 1.00000 true ELISE EILERS ELLIOTT 1993 TRUST 225 BUSH STREET SUITE 500 SAN FRANCISCO CA 94104 010679337 Revocable Trust OR N/A Trust 257195 1.00000 true true false false false false false false false false false false false false false false false false false false GEORGE ROSSMAN TRUST A 27962 CASH RECEIVED JUDITH SCOTT WALTER TRUST A 70070 CASH RECEIVED JOSEPH B VANDERVELDEN FOUNDATION A 82343 CASH RECEIVED ELISE EILERS ELLIOTT 1993 TRUST A 257195 CASH RECEIVED