2014-02-11T19:20:25-07:00 2013-06-30 990 2012-07-01 930634049 MARYLHURST UNIVERSITY MARY 5036368141 PO Box 261 Attn Stephen Huckins Marylhurst OR 970360261 Stephen Huckins 5036368141 2014-01-28 2012 2015-11-30 17:44:51Z Jerry Hudson Marylhurst University 17600 Pacific Highway Marylhurst OR 970360261 31847810 0 0982 X www.marylhurst.edu X 1893 OR 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. 29 28 708 50 0 0 1713849 1159540 22759055 20797156 190938 1796422 609477 580696 25273319 24333814 1608768 1462993 0 0 14106674 13689733 29312 45212 694813 10845608 9914609 26590362 25112547 -1317043 -778733 48940952 44178918 8154068 3672646 40786884 40506272 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 17090500 1462993 20797156 Higher Education student population: 1,074 undergraduate students and 1,110 graduate students. Higher Education degrees granted: 225 bachelor degrees and 380 graduate degrees. 0 0 0 17090500 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 1 2643 0 1 708 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 AZ OR X Stephen Huckins Assoc VP-Controller 5036368141 PO Box 261 Marylhurst OR 970360261 Ruth Beyer 1 X 0 0 0 Xandra T McKeown 1 X 0 0 0 Eileen Brown SNJM 1 X 0 0 0 Roswitha Frawley SNJM 1 X 0 0 0 Lynda Thompson SNJM 1 X 0 0 0 Janina Kokorowski SNJM 1 X 0 0 0 Ceclia A Ranger SNJM 1 X 0 0 0 Mary Burke SNJM 1 X 0 0 0 Diana Pierce Knox 1 X 0 0 0 Larry Choruby 1 X 0 0 0 Michelle Castano Garcia 1 X 0 0 0 Sam W Shoen MD 1 X 0 0 0 William C Barr 1 X 0 0 0 Andy Macritchie 1 X 0 0 0 Rebecca DeCesaro 1 X 0 0 0 Sylvia Giustina 1 X 0 0 0 Greg Hogensen 1 X 0 0 0 Edward J Vranizan 1 X 0 0 0 Stephen P Zimmer 1 X 0 0 0 Martin Ringle 1 X 0 0 0 Judie Hammerstad 1 X 0 0 0 Jane Hibbard SNJM 1 X 0 0 0 Patricia Smith 1 X 0 0 0 Scott Bolton 1 X 0 0 0 Kirk Mouser 1 X 0 0 0 Chip Terhune 1 X 0 0 0 Steve Brown 1 X 0 0 0 Kristin Stathis 1 X 0 0 0 Judith Johansen 40 X 234040 0 21850 David Plotkin 40 X 117099 0 17554 Michael P Lammers 40 X 113013 0 18607 Lynn Andrews 40 X 110798 0 19802 Ethan Benatan 40 X 107876 0 15721 Celina Ratliff 40 X 100725 0 20360 Elizabeth Woodward 40 X 99824 0 15178 Fr Rick Ganz 40 X 64718 0 2849 Sr Joan Saalfeld 40 X 31733 0 0 979826 0 131921 7 0 1 0 Compass Knowledge 105 Gordon Baker Road Suite 300 Toronto Ontario CA M2H-3P8 Marketing and Advising 4489041 ING National Trust PO Box 3015 New York NY 101163015 Retirement Investment Services 949037 Health Net Health Plan Oregon File 749393 Los Angeles CA 900749393 Health Insurance 924174 Kaiser Foundation Health Plan PO Box 34178 Seattle WA 981241178 Health Insurance 398391 Bon Appetit 1000 West Temple Street Los Angeles CA 900740196 Food Services 378569 10 0 0 92987 0 96744 969809 95802 1159540 Tuition 611310 20797156 20797156 0 0 0 0 0 0 20797156 360056 0 0 360056 0 0 0 0 0 0 0 0 380791 0 77799 0 302992 0 302992 0 0 302992 8364739 0 6928373 0 1436366 0 1436366 0 0 1436366 97429 92987 202734 -105305 0 -105305 0 0 0 0 0 0 458700 305090 153610 0 0 153610 Billing Fees 611310 34874 0 0 34874 Library Fines 611310 11632 0 0 11632 182893 0 0 182893 229399 24333814 20797156 0 2377118 X 0 0 1462993 1462993 0 0 0 0 1331972 129666 960533 241773 0 0 0 0 8968911 7567273 1308153 93485 418304 291584 108096 18624 2156597 1505843 562834 87920 813949 567373 210337 36239 0 0 0 0 31155 0 31155 0 81427 0 81427 0 0 0 0 0 45212 45212 55234 0 55234 0 4953446 4548051 324987 80408 837600 0 837135 465 740227 256048 414662 69517 629432 251318 369884 8230 1288 1288 0 0 690937 161512 529275 150 72342 48713 19881 3748 0 0 0 0 23182 14252 8420 510 71255 18686 52569 0 0 0 0 0 1420557 163304 1257253 0 88750 0 88750 0 Food and Setup 73372 53738 19269 365 Small Equipment 6076 3468 2608 0 Membership 132485 41424 83078 7983 All Other Expenses 5844 3966 1694 184 25112547 17090500 7327234 694813 945312 1502507 1514012 1121095 784982 670719 2096551 946180 0 0 0 0 487452 460714 222945 209067 535133 388266 37452403 18888217 19220477 18564186 18752740 18813834 1291970 1487335 0 0 0 0 3089378 15015 48940952 44178918 2529786 1308791 0 0 3643158 458282 0 0 0 0 0 0 124359 98617 694423 622897 1162342 1184059 8154068 3672646 X 23354234 21478827 3790139 5246071 13642511 13781374 40786884 40506272 48940952 44178918 X -778733 0 0 0 0 498121 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 110653 0 0 X X 0 17548360 138477 2076896 712276 -29459 -100841 19181757 17980193 166252 3444 622202 -109614 88941 17548360 14968745 630338 2903085 573702 -128494 76767 17980193 13899520 756187 1343087 661779 294021 74248 14968746 16990125 151531 -2360050 741322 60735 80029 13899520 0.08 0.92 0 0 0 0 228026 228026 863578 21031868 12605585 9289861 715417 0 357708 357709 0 6607648 4195642 2412006 0 8005866 1729282 6276584 18564186 0 Unearned Rent 69522 Unitrust, Annuity, and Agency Funds 57572 Fin 47 Asset Retirement Obligation 647357 Perkins Loan Fund Liability 409608 1184059 X 23899332 498121 0 0 585624 1083745 22815587 55234 1462993 1518227 24333814 24179944 0 0 0 585624 585624 23594320 0 1518227 1518227 25112547 SchD_P03_S00_L04 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 of the pieces have been purchased by the University. Parts of the collection is on display. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Scholarships make up 81% of the endowed funds. The remaining 19% 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. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Financial Statements Footnote 2(g) Income Taxes - The Internal Revenue Services has recognized the University as exempt from federal income taxes under the provision 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 through 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, 2013, as unrelated business income, if any, is immaterial to the financial statements. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Cost of goods sold of $305,090; Fundraising expenses of $202,734; Rental expense of $77,800 ($1 rounding) SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Tuition discounts of $1,462,993 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Cost of goods sold of $305,090; Fundraising expenses of $202,735; Rental expenses of $77,800 ($1 rounding) SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Tuition discounts of $1,462,993; Management fees of $55,234 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 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 & universities annually publishes a statement for all of its member colleges & universities. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The University receives student financial aid from state and federal agencies. X X X X X X X 1 Portland Opera Association 211 SE Caruthers St Portland OR 97214 The Portland Opera Association was contracted to phone and ask for contributions for the phonathon and other fundraising events for the University. 0 18545 12041 6504 18545 12041 6504 AZ ME OR SC WA Golf 95007 48172 46835 1960 12194 18600 0 0 59212 Annual Dinner 58125 40135 17990 0 1398 0 0 0 40204 9 37284 4680 32604 0 1222 0 0 0 67944 190416 92987 97429 1960 14814 18600 0 0 167360 202734 -105305 1 Tuition Discounts 396 0 682489 Total amount of tuition discounts credited to student account balances The University Offers tuition discounts to member of the Armed Services, as well as other students. Supplemental Education Opportunity Grant (SEOG) 98 24598 0 Actual dollars paid out to students. The University matches federal funds dedicated for the SEOG program at the ratio of one dollar for every three dollars of federal aid received. University Scholarships 188 755906 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. SchI_P01_S00_L02 Schedule I, Part I, Line 2 The aid provided is in the form of scholarships and discounts awarded to the 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 0 0 0 0 0 0 0 0 0 Judith Johansen 234040 0 0 0 0 0 0 0 21850 0 255890 0 258779 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The University pays membership fees to the Arlington Club for the President, to the University Club and City Club of PDX for the VP for Community Relations, and to the VP for Institutional Advancement. The clubs are social clubs and memberships are for business related to the University. SchJ_P01_S00_L01b Schedule J, Part I, Line 1b The University has strong policies and procedures established in the University Accounting Department and a developed procurement policy. Although there isn't a specific policy which addresses payment of social club dues for its Officers, there are policies and procedures for ensuring expenditures incurred are for business purposes. The membership fees are for business and thus were properly authorized and processed in the University Accounting Department. Diana Knox Trustee 0 Diana is an employee of Visa Inc. The University accepts and uses Visa payment cards as a form of payment and pays fees to their issuer and merchant bank(s) for their Visa services. The issuer and merchant bank(s), in turn, pay fees to Visa. Diana states that she has no detailed knowledge of those contracts or their size, but Visa does benefit indirectly from the University's payment card business. Diana further states that if an issue related to payment usage came to the attention of the Finance Committee or the Board, she would refrain from participating in that discussion. 0 Xandra McKeown Trustee/Secretary/Treasurer 0 Xandra is an executive VP for West Coast Bank, which provides banking services to the University. 0 Chip Terhune Trustee 0 Chip is a Director at Schnitzer Steel Inc. (SSI). The University's President sits on the board of SSI. 0 Judith Johansen President 0 Judi is a Director of Kaiser Permanente. Kaiser is one of two health insurance providers for the University. Further, Judi's husband is a partner at Schwabe, Williamson and Wyatt. Schwabe is a corporate legal adviser for the University. 0 Celina Ratliff VP of HR & Organizational Excellence 0 Celina's husband is employed by Kaiser Dental, a health care provider to the University. 0 Steve Spence Former Board Chair & form Trustee 0 Steve is a non-voting member of the University's Investment Committee and at times may have business interests with the University's investments and investment managers. Steve also serves on the Board of Columbia Bank, the University's primary bank. 0 X 10 82777 Ending MV day of receipt X Labor & materials for Belluschi Pavillion 4 11850 Donor X Mettler AE 163 Analytical Balance 1 1175 Donor 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b For gifts of stock, prospective donors notify the University's Institutional Advancement Department of their intent to donate stock. The Institutional 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, 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. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 The University's President sits on the Board of Schnitzer Steel Inc. Chip Terhune, a Trustee of the University, is employed by Schnitzer Steel Inc. The two share a business relationship. F990_P06_S0B_L11b 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, Form 990 is reviewed internally by the Audit Committee, President, Vice President for Finance and Campus Services, Associate Vice President for Finance/Controller, and Assistant Controller. Subsequent to its review, the Audit Committee reports back to the Board of Trustees regarding its oversight of Form 990. The Form 990 is electronically sent to each Trustee prior to filing and paper copies are made available upon request. F990_P06_S0B_L12c 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 conflict of interest. Those with conflict 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. The VP for Human Resources and Organizational Excellence and the President's office monitor for compliance. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Annual performance review for the officers of the University are based on evaluation criteria. Salary ranges are based on benchmark criteria provided by the VP for Human Resources and Organizational Excellence. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 While 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 these documents available upon request. F990_P09_S00_L11g Form 990, Part IX, Line 11g Total expense is related to contracted services; $4.49M of which was incurred for services provided by Compass Knowledge. F990_P11_S00_L09 Form 990, Part XI, Line 9 Unrealized gains on investments of $498,121 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 Form 990, Header, Line A - An application for extension of time to file an exempt organization return was submitted to the IRS and approved. The filing date is extended to February 15, 2014.