2014-05-02T18:56:49-07:00 2013-06-30 990 2012-07-01 910565553 SEATTLE PACIFIC UNIVERSITY SEAT 2062812066 3307 THIRD AVE W SEATTLE WA 981191997 Craig Kispert 2062812066 2014-05-02 2012 2015-11-30 17:44:51Z Daniel J Martin 3307 Third Ave W Seattle WA 981191997 156051109 0 X WWW.SPU.EDU X 1891 WA Seattle Pacific University is a Christian university fully committed to engaging the culture and changing the world by graduating people of competence and character, becoming people of wisdom, and modeling grace-filled community. 14 12 2445 192 147374 -48242 6604354 7607017 129755364 136983229 10547589 10035698 261879 312627 147169186 154938571 40855028 45188300 0 0 56311019 58092382 0 0 2749726 35210964 35575473 132377011 138856155 14792175 16082416 221490648 243788926 102137136 100130509 119353512 143658417 Seattle Pacific University is a Christian university fully committed to engaging the culture and changing the world by graduating people of competence and character, becoming people of wisdom, and modeling grace-filled community. 0 0 91567320 45167000 117917751 Higher Education: The academic program serves 4,000 undergraduate and graduate students at our main Seattle campus, as well as 1,500 part-time students per quarter on-line and in continuing education centers across Washington State. The University offers 62 undergraduate majors and 57 minors carried out through the College of Arts and Sciences and the schools of Business and Economics; Education; Health Sciences; Theology; and Psychology, Family, and Community. Graduate studies include 17 master's degrees and five doctoral programs. 19509019 21300 2170017 Student Services, Constituency and Other Programs: The University provides activities and services to 4,000 students in co-curricular and support programs while engaged in their academic activities. The University also provides programs for more than 32,500 Alumni to keep them engaged and involved with the University for years to come. 14458385 0 14780885 Student Housing and Dining: Housing services are provided for 1,663 students and 1,303 students take part in the University meal plans annually. 1709684 0 2114576 Public Service: The University operates a conference services program at its Seattle campus and at its 300 acre campus on Whidbey Island, known as "Camp Casey Conference Center". This center provides opportunities for students to further their studies in biological sciences and other disciplines, as well as providing a facility for diverse groups of nonprofit organizations to build community and provide educational opportunities for their constituents. The center offers all these groups a place to reflect, excel, discover and grow. This year there were 311 groups that utilized these facilities. 0 0 8873879 Proceeds from sales of assets other than inventory. These assets had been used for the University's exempt purpose. 1709684 0 10988455 127244408 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 1 577 0 1 2445 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 X 14 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 WA X Steve Whitehouse-Controller 2062812066 3307 Third Ave W Seatle WA 981191997 X A Gary Ames 4 0 X X 0 0 0 Douglas D Backous 1 0 X 0 0 0 Clyde Ballard 1 0 X 0 0 0 Kathleen Cummins 1 0 X 0 0 0 Sara R Dial 1 0 X 0 0 0 Harvey Drake Jr 1 0 X 0 0 0 Ryan R Hamlin 1 0 X 0 0 0 Daryl Miller 1 0 X 0 0 0 Frederick J Stabbert 4 0 X X 0 0 0 Richard E Stearns 1 0 X 0 0 0 Bradley P Thoreson 1 0 X 0 0 0 Dennis L Wayman 1 0 X 0 0 0 Dennis M Weibling 4 3 X X 0 0 0 Matthew H Whitehead 4 0 X X 0 0 0 Daniel Martin 50 0 X X 126420 0 36089 Donald Mortenson 50 5 X 249834 0 41544 Marjorie Johnson 50 0 X 201290 0 35329 Thomas Box 50 0 X 153581 0 27610 Bruce Congdon 40 0 X 160196 0 27276 Craig Kispert 40 0 X 159042 0 28763 Jeffrey Van Duzer 40 0 X 162583 0 28912 David Tindall 40 0 X 141901 0 25385 Janet Ward 40 0 X 136078 0 24338 Dirk Eigenbrood 40 0 X 130054 0 23162 Michael Roe 40 0 X 129887 0 23592 Philip Eaton 0 0 X 449931 0 79754 2200797 0 401754 41 1 1 0 Mortenson Construction 10230 NE Points Drive Ste 300 Kirkland WA 98033 Construction 1150297 Kirtley Cole Associates Inc 1010 SE Everett Mall Way Suite 102 Everett WA 98208 Construction 1042212 Ferris-Turney PO Box 31109 Seattle WA 981031109 Construction 756667 Campus Management Corp 777 Yamato Rd Ste 400 Boca Raton FL 334314498 Software implementation 416345 Northwest Landscape Services of WA PO Box 864 Woodinville WA 980720864 Landscape services 344666 26 129128 0 50096 101299 2595634 4730860 1118320 7607017 Tuition and Fees 611310 117917751 117917751 0 0 Student Housing and Dining 611310 14780885 14780885 0 0 Public Service Activities 611310 2114576 2114576 0 0 Seminars and Events 611310 706391 706391 0 0 Other Sales and Service 611310 478519 478519 0 0 985107 590310 0 394797 136983229 1163834 0 0 1163834 0 0 0 0 0 0 0 0 396065 0 222581 0 173484 0 173484 0 0 173484 281416 9455500 283431 581621 -2015 8873879 8871864 8873879 0 -2015 16674 50096 24905 -8231 0 -8231 Accommodation 721000 147374 0 147374 0 0 0 0 0 147374 154938571 145462311 147374 1721869 21300 21300 44802913 44802913 364087 364087 0 0 1409570 411714 737063 260793 113536 58213 55323 0 43262236 38390351 3466244 1405641 3107163 2717768 280850 108545 6951005 6010321 690079 250605 3248872 2787532 342431 118909 0 0 0 0 362337 56724 305489 124 130012 12000 118012 0 0 0 0 0 0 0 521078 0 521078 0 7424619 6974146 405364 45109 845935 834670 11265 0 3998928 3192270 672084 134574 1176566 974580 107812 94174 11596 8138 3458 0 9417448 9166040 143838 107570 3390425 2998482 332328 59615 0 0 0 0 309958 277482 23507 8969 0 0 0 0 0 0 0 0 7011202 6476541 374746 159915 341120 174760 166360 0 Miscellaneous Expenses 634249 534376 104690 -4817 0 0 0 0 138856155 127244408 8862021 2749726 13344376 19568459 47235 38064 952687 800785 3890109 4098386 24000 18000 0 0 9407197 9335706 300176 298466 1681426 1902952 190510193 68793214 117358569 121716979 51125 69505 74433748 85941624 221490648 243788926 7881984 12872007 0 0 4236757 4444727 68300000 64555000 0 0 0 0 0 0 0 0 21718395 18258775 102137136 100130509 X 76727382 97982666 12235217 13523509 30390913 32152242 119353512 143658417 221490648 243788926 X 16082416 8222489 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 3000 0 0 0 1 0 1 0 1 45782149 10901686 4636074 1569734 504542 521078 58724555 46569164 1992538 -354722 1460457 503482 460892 45782149 39393011 1167553 8321567 1405336 460299 447332 46569164 35180848 1612672 4482305 1100803 457808 324203 39393011 47103706 1141894 -10868739 1390667 490486 314860 35180848 0.35 0.49 0.16 0 1 1 6717231 17874945 24592176 1601460 142632526 55703589 88530397 0 0 0 0 0 11475285 6601470 4873815 0 10208746 6488155 3720591 121716979 Pooled investments-cash & short-term 9870544 F Pooled investments-stock funds 35694007 F Pooled investments-bond funds 10505327 F Pooled investments-private equity funds 11330068 F Pooled investments-notes receivable 1867175 F Pooled investments-real estate 11183338 F Split interest agreements held by others 5491165 F 85941624 Trust and annuity obligations (present value) 2702455 Student deposits and prepaid fees 1467899 Asset retirement obligation (present value) 1018996 Fair value of interest rate swaps 5954976 Governmental student loan programs 7074669 Miscellaneous liabilities 39780 18258775 X 118353722 8222489 0 0 -43675350 -35452861 153806583 521078 610910 1131988 154938571 93803038 0 0 0 673735 673735 93129303 521078 45205774 45726852 138856155 SchD_P02_S00_L09 Schedule D, Part II, Line 9 The University holds an open space conservation easement on a small island in the Puget Sound of Washington. This easement is observed several times a year since it has no activity. The University does not disclose this on its financial statements. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The University's endowments consist of funds established for a variety of purposes. These endowments include both donor restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Distributions from endowments are used primarily to provide scholarship resources for students enrolled at SPU. Distributions are made per any applicable donor instructions in the endowment agreements. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The University and the Foundation are exempt from federal income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code except for unrelated business taxable income as defined in sections 511 through 515 of the Internal Revenue Code. Accordingly, the financial statements do not include a provision for federal income tax. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Grants and scholarships - (45,321,010); Grant administration cost recovery - 115,236; Seattle Pacific Foundation revenue, including trusts (consolidated in audited financial statements) - 1,530,424. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Rental expense Part VIII6b - (222,581); Fundraising event expense Part VIII8b - (24,905); Seattle Pacific Foundation donations, including trusts (consolidated in audited financial statements) - 858,396. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Seattle Pacific Foundation expense, including trusts (consolidated in audited financial statements) - 426,249; Rental expense part VIII6b - 222,581; Fundraising event expense Part VIII8b - 24,905. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Grants and scholarships - 45,321,010; Grant administration cost recovery - (115,236). 1 1 0 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 SPU claims an exemption from the requirement to publish the University policy publicly as Rev. Proc. 75-50 states on the basis that the University draws its students nationally and their records show evidence of the nondiscrimination policy in meaningful numbers. The success of our policy is shown by having 29% or 1030 ethnic students in our student body, which constitutes meaningful results in comparison to the ethnic makeup of the Northwest region. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The University receives funds from the federal government for research, student loans, grants and work study. The following is a list of the programs funded in part, or in whole, by the federal government: Federal Pell Grant Program, Federal Supplemental Education Opportunity Grant, Federal Work-Study Program, TEACH Grant, Perkins Loan Program, Nursing Student Loan Program, National Institutes of Health Grants, National Science Foundation Grants, and a Department of Defense Grant. 1 Central America and the Caribbean 0 0 Program Services Student study tours and service trips 98142 East Asia and the Pacific 0 0 Program Services Student study tours and service trips 165265 Europe (including Iceland and Greenland) 0 0 Program Services Student study tours 467241 Middle East and North Africa 0 0 Program Services Student study tour 56791 Russia and the newly independent States 0 0 Program Services Student service trip 20046 South America 0 0 Program Services Student study tour 71622 South Asia 0 0 Program Services Student study tours and service trips 39787 Sub-Saharan Africa 0 0 Program Services Student service trip 35233 Central America and the Caribbean 0 0 Grantmaking Student financial aid 41760 East Asia and the Pacific 0 0 Grantmaking Student financial aid 51154 Europe (including Iceland and Greenland) 0 0 Grantmaking Student financial aid 221313 Middle East and North Africa 0 0 Grantmaking Student financial aid 49860 0 0 1318214 Student financial aid posted while studying abroad Central America and the Caribbean 10 0 41760 Financial aid posted to student accounts Book Student financial aid posted while studying abroad East Asia and the Pacific 18 0 51154 Financial aid posted to student accounts Book Student financial aid posted while studying abroad Europe (including Iceland and Greenland) 69 0 221313 Financial aid posted to student accounts Book Student financial aid posted while studying abroad Middle East and North Africa 13 0 49860 Financial aid posted to student accounts Book 0 0 0 0 0 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 These are student financial aid grants awarded based on the institution's assessment of the recipient's academic achievement, financial need, and other standards similar to those held by other universities. The student's records are then monitored in order to ensure that the grant requirements are continuing to be met. These disbursements are made in accordance with the exempt purpose for which the institution was organized, and with procedures and conditions established by the university. Golf Tournament 66770 50096 16674 0 5106 18335 0 0 1464 0 0 66770 50096 16674 0 5106 18335 0 0 1464 24905 -8231 1 First Free Methodist Church 3200 Third Ave West Seattle WA 98119 910667411 501(c)(3) 18000 0 To support student outreach and mentoring. 1 0 Institutional Student Scholarships & Grants 3197 0 42621919 Book Credit to student account Federally Funded Student Scholarships & Grants 309 0 907636 Book Credit to student account Privately Funded Student Scholarships & Grants 454 0 1249632 Book Credit to student account Student Academic Achievement or Service Awards 41 23726 0 Book SchI_P01_S00_L02 Schedule I, Part I, Line 2 Grant disbursements for the institution's exempt programs are made in accordance with the exempt purpose for which the institution was organized, and with procedures and conditions established by the institution's governing board. Student scholarships and fellowships are awarded based on the institution's assessment of recipient's academic achievement, financial need, and other standards similar to those held by other universities. The student's records are then monitored in order to ensure that the grant requirements are continuing to be met. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Daniel Martin 122426 0 0 0 3994 0 0 0 36089 0 162509 0 0 0 Donald Mortenson 227485 0 10000 0 12349 0 28311 0 13233 0 291378 0 0 0 Marjorie Johnson 198615 0 0 0 2675 0 23328 0 12001 0 236619 0 0 0 Thomas Box 139309 0 0 0 14272 0 15703 0 11907 0 181191 0 0 0 Bruce Congdon 147643 0 5500 0 7053 0 16390 0 10886 0 187472 0 0 0 Craig Kispert 154556 0 4000 0 486 0 17758 0 11005 0 187805 0 0 0 Jeffrey Van Duzer 161140 0 0 0 1443 0 17876 0 11036 0 191495 0 0 0 David Tindall 137233 0 3500 0 1168 0 14524 0 10861 0 167286 0 0 0 Janet Ward 134941 0 0 0 1137 0 13496 0 10842 0 160416 0 0 0 Dirk Eigenbrood 128490 0 0 0 1564 0 12383 0 10779 0 153216 0 0 0 Michael Roe 128228 0 0 0 1659 0 12786 0 10806 0 153479 0 0 0 Philip Eaton 189422 0 0 0 260509 0 32328 0 47426 0 529685 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a First Class Travel - Certain University salaried officers and key employees are allowed to fly first class based on work need or physical limitations as approved by their immediate supervisors. Disqualified Persons as defined by IRC 4946 use of first class travel are also approved in advance by the governing board. Travel for Companions - The spouse of the President is allowed to travel with the President as required for business purpose and specifically approved by the board chair. The spouse of the chief academic officer travels at University expense as approved by the President to one professional conference that has programs for academic leader spouses. Housing Allowance - The President is required, as a condition of employment to live in campus provided housing. All facility related expenses to such housing is paid for by the University. Social Clubs - Social club memberships are provided to certain employees and officers related to their specific job responsibilities for donor development and business meetings. Any personal use of the clubs is minor and is reimbursed to the University and for disqualified persons as defined by IRC 4946 the memberships are approved in advance by the governing board. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The President's compensation is reviewed and approved annually by the Executive Committee of the Board of Trustees. The review includes a comparison of compensation levels of university presidents of similar institutions using both regional and national higher education compensation surveys. The compensation of other officers and key employees is reviewed and approved by Executive Committee using a similar methodology of reviewing existing and proposed compensation against regional and national higher education surveys. The Executive Committee's actions are ratified at a subsequent meeting of the Board of Trustees. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 It is at the discretion of the President or Board of Trustees that bonuses are awarded and are based upon significant accomplishments of key departmental objectives. SchJ_P02_S00_L00 Schedule J, Part II Other compensation reported on Schedule J, line 12, column iii includes deferred compensation approved by Board of Trustees for prior service. A Washington Higher Education Facilities Authority 911306482 939781A42 2008-06-26 81390000 Current refunding of auction rate security bonds issued 12/01/2005 0 0 0 A 16835000 0 81390000 0 0 80102982 603668 0 683350 0 0 0 2008 1 0 1 1 A 0 0 1 1 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 Bruce Congdon Key employee Housing loan X 30000 18000 0 1 1 18000 Merit Scholarships Relative 10500 Scholarships Student Financial Aid Marilyn Mortenson Spouse of officer - not in employment reporting line 58213 Compensation/benefits 0 Melanie Whitehead Spouse of board member - not in employment reporting line 55323 Compensation/benefits 0 X 420 FMV X 1 5000 FMV X 19 283431 Market Price X 2 739176 FMV X 1 165 FMV X Lodging 3 5448 FMV X Airline tickets 1 13750 FMV X Equipment 3 68500 FMV X Marketing Supplies 1 2430 FMV 11 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The Seattle Pacific Foundation manages the liquidation of publicly traded securities. Other non-cash gifts are liquidated by brokers/dealers specialized in a specific area. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The University posts the form 990 on a secure website for the trustees to access prior to filing. The trustees receive a link to the website that allows them to access the return. The Executive Committee of the Board reviews the 990 as part of a separate process. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Once a year conflict of interest questionnaires are sent to the trustees, officers, directors, and key employees along with requests of other information that is needed for the completion of the form 990 return. Those surveys are then reviewed for conflicts and a determination is made as to what if any action is needed. Business transactions with Board members must meet purchasing standards of the University regarding price competitiveness. All have been minor and infrequent in occurrence with no excess benefit to trustees. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The President's compensation is reviewed and approved annually by the Executive Committee of the Board of Trustees. The review includes a comparison of compensation levels of university presidents of similar institutions using both regional and national higher education compensation surveys. The compensation of other officers and key employees is reviewed and approved by Executive Committee using a similar methodology of reviewing existing and proposed compensation against regional and national higher education surveys. The Executive Committee's actions are ratified at a subsequent meeting of the Board of Trustees. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The University makes its governing documents, which includes the conflict of interest policy, available upon request. The audited financial statements are made available at www.spu.edu/about-spu/spu-facts/financial-statements and at various other organization websites associated with the University. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Donald Mortenson is an officer per IRS instructions only and is not an officer per corporate by-laws. F990_P11_S00_L05 Form 990, Part XI, Line 5 This amount reflects the total of unrealized gains and losses on investments carried at market value. Seattle Pacific Foundation 3307 Third Ave W Seattle WA 98119 911068276 To support Seattle Pacific University WA 501 (c) (3) 11a Type I Seattle Pacific University 0 Charitable Remainder Unitrusts (56) 3307 Third Ave West Seattle WA 98119 Beneficial Interest WA N/A T 0 Irrevocable Trust (1) 3307 Third Ave West Seattle WA 98119 Beneficial Interest WA N/A T 0 Pooled Income Fund (1) 3307 Third Ave West Seattle WA 98119 Beneficial Interest WA N/A T 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0