2011-01-24T11:04:10-06:00 2010-05-31 Baker Tilly Virchow Krause LLP 225 S 6th St Ste 2300 Minneapolis MN 55402 990 2009-06-01 910565571 Pacific Lutheran University PACI 2535357119 Pacific Lutheran University Tacoma WA 98447 ROBERT RILEY 2355357119 2011-01-24 1 Lawrence H Mohr CPA 6128764500 2009 2016-02-24 21:20:13Z ROBERT RILEY Pacific Lutheran University Tacoma WA 98447 138720768 0 X www.plu.edu X 1920 WA PACIFIC LUTHERAN UNIVERSITY OFFERS MORE THAN 3,600 STUDENTS A UNIQUE BLEND OF STUDIES. THE ACADEMICALLY RIGOROUS OFFERINGS RANGE FROM THE LIBERAL ARTS TO PROFESSIONAL PROGRAMS. THE UNIVERSITY IS LOCATED 6 MILES SOUTH OF TACOMA, IN SUBURBAN PARKLAND, ON A 126-ACRE WOODED CAMPUS. STUDENTS DEVELOP SKILLS IN DECISION MAKING, ANALYSIS, COMMUNICATION AND REASONING THAT PREPARE THEM FOR A LIFETIME OF SUCCESS - BOTH IN THEIR CAREERS AND IN SERVICE TO OTHERS. PLU IS COMMITTED TO DEVELOPING IN ALL STUDENTS AN UNDERSTANDING OF THE INTERCULTURAL AND INTELLECTUAL RICHNESS OF THE WORLD. MORE THAN 40 PERCENT OF STUDENTS SPEND TIME STUDYING ABROAD. THROUGHOUT ITS HISTORY PLU HAS REMAINED CLOSELY AFFILIATED WITH THE LUTHERAN CHURCH AND IS NOW A UNIVERSITY OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. PLU MISSION STATEMENT IS TO "EDUCATE STUDENTS FOR LIVES OF THOUGHTFUL INQUIRY, SERVICE, LEADERSHIP AND CARE - FOR OTHER PEOPLE, FOR THE COMMUNITY, AND FOR THE EARTH." 36 35 3134 0 461673 0 17527898 15478001 111942110 113199631 1295202 2009410 2542947 2118505 133308157 132805547 34272641 36789232 0 56057995 56830617 0 2419000 38216835 38317774 128547471 131937623 4760686 867924 222332835 226980177 88401496 86506484 133931339 140473693 PLU seeks to educate students for lives of thoughtful inquiry, service, leadership and care - for other persons, for the community and for the earth. 0 0 74992729 36789232 95458847 Instruction at the undergraduate level offers degrees as follows: Bachelor of Arts, Bachelor of Science, Bachelor of Arts in Communication, Bachelor of Arts in Education, Bachelor of Arts in Physical Education, Bachelor of Arts in Recreation, Bachelor of Business Administration, Bachelor of Fine Arts, Bachelor of Music, Bachelor of Music Education, Bachelor of Musical Arts, Bachelor of Science in Nursing, and Bachelor of Science in Physical Education. Additionally PLU offers graduate degrees in Master of Arts in Education, Master of Arts (Marriage and Family Therapy), Master of Business Administration, Master of Science in Nursing, Master of Fine Arts (Creative Writing), and a Joint Degree MBA/MSN. The total enrollment for the 2009-2010 was 3,581 students in Fall 2009 and 3,306 students in Spring 2010, of which 853 met the requirements to graduate. 15897034 Academic Support and Student Services at Pacific Lutheran University are comprised of Admissions, Wang Center, Multimedia Services, the Women's Center, Information & Technology Services, Campus Ministry, ROTC, Athletics, the Health Center, the Counseling Center, Financial Aid Office, Student Employment, and Student Services. 16000676 18702238 Auxiliary enterprises at Pacific Lutheran University are comprised of 10 residence halls and on-campus apartments, a newly renovated dining hall as well as quick service food options, and a state of the art bookstore. Additionally, auxiliary enterprises consists of the campus concierge, conferences and events, and the University golf course. During the 2009-2010 school year residence hall occupation was 1,602 students for Fall 2009 and 1,492 students for Spring 2010. 7402843 637847 OPERATION AND MAINTENANCE OF PLANT INCLUDING DEPRECIATION OF $4,593,930 RESEARCH PUBLIC SERVICE OTHER INSTITUTIONAL SUPPORT 7402843 637847 114293282 1 1 0 0 0 0 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 246 0 1 3134 1 1 1 1 TD 0 0 0 1 1 1 1 0 0 36 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ROBERT RILEY 2535357119 BUSINESS OFFICE TACOMA WA 98447 Dale Benson 1.00 X 0 0 0 David Brauer-Rieke 1.00 X 0 0 0 Roberta Goodnow 1.00 X 0 0 0 Richard Hildahl 1.00 X 0 0 0 Darcy Johnson 1.00 X 0 0 0 Estelle Kelley 1.00 X 0 0 0 Kathleen McCallum Sachse 1.00 X 0 0 0 David Peters 1.00 X 0 0 0 Martin Wells 1.00 X 0 0 0 Neal Arntson 1.00 X 0 0 0 David Greenwood 1.00 X 0 0 0 David Johnson 1.00 X 0 0 0 Lisa Kittilsby 1.00 X 0 0 0 Kim Nesselquist 1.00 X 0 0 0 Knut Olson 1.00 X 0 0 0 Carol Quigg 1.00 X 0 0 0 Tom Vraalsen 1.00 X 0 0 0 Linda Barbo 1.00 X 0 0 0 Bruce Bjerke 1.00 X 0 0 0 Roe Hatlen 1.00 X 0 0 0 James Hushagen 1.00 X 0 0 0 Mark Knudson 1.00 X 0 0 0 Larry Neeb 1.00 X 0 0 0 jeff Rippey 1.00 X 0 0 0 Eileen Tellefson 1.00 X 0 0 0 Bradley Tilden 1.00 X 0 0 0 Don Wilson 1.00 X 0 0 0 Gayle Berg 1.00 X 0 0 0 Darren Hamby 1.00 X 0 0 0 Michael Keys 1.00 X 0 0 0 Lisa Korsmo 1.00 X 0 0 0 Jon Kvinsland 1.00 X 0 0 0 Michelle Long 1.00 X 0 0 0 Donna Schlitt 1.00 X 0 0 0 Andrew Yee 1.00 X 0 0 0 Robert Gomulkiewicz 1.00 X 0 0 0 Loren Anderson 40.00 X 356458 0 182981 Sheri Tonn 40.00 X 168297 0 38638 Patricia Killen 40.00 X 115766 0 26095 Steven Starkovich 40.00 X 98608 0 16305 Laura Majovski 40.00 X 132845 0 57449 Karl Stumo 40.00 X 121372 0 23381 Stephen Olson 40.00 X 121355 0 50513 John Lee 40.00 X 173357 0 19069 James Brock 40.00 X 138898 0 23139 Angelia Alexander 40.00 X 121798 0 0 Terry Miller 40.00 X 119492 0 0 David Robbins 40.00 X 117086 0 0 1785332 0 437570 27 0 1 0 JOHN KORSMO CONSTRUCTION INC PO BOX 1377 TACOMA WA 98401 GENERAL CONTRACTOR 2002186 PEASE CONSTRUCTION 3815 100TH ST SW PO Box 98046 LAKEWOOD WA 98498 GENERAL CONTRACTOR 1618092 National Public Radio POBox 79540 Baltimore MD 21279 Public Radio Programming Services 1407606 Westmark Construction Inc 6102 N 9th St Ste 400 Tacoma WA 98406 GenERAL CONTRACTOR 959259 Market Enginuity Inc 3131 E Clarendon Ave Ste 105 Phoenix AZ 85016 Advertising Agent 659610 15 4746272 10731729 460235 15478001 TUITION AND FEES 611600 95300927 95300927 SALES AND SERVICES OF 611710 16641264 16641264 Other Academic Support 611710 637847 637847 Garfield bookstore/ Go 713910 461673 461673 UNIVERSITY LOANS INCOM 611710 157920 157920 113199631 1760133 1760133 114817 84898 29919 29919 29919 6010550 5761273 249277 249277 249277 96662 69050 27612 27612 UNDERWRITING REVENUE 541800 2060974 2060974 2060974 132805547 114798932 461673 2066941 36789232 36789232 1196093 151840 705161 339092 43369846 36252715 6300425 816706 3349523 2736123 526532 86868 5685319 4644164 893709 147446 3229836 2638355 507717 83764 264715 264715 85574 85574 212882 212882 6010306 4909635 944796 155875 189255 154597 29750 4908 10901291 8904932 1713639 282720 1854564 1514937 291530 48097 2136950 1745609 335920 55421 4217697 3445308 663005 109384 979724 800306 154009 25409 2785431 2275333 437859 72239 4764990 3892375 749037 123578 890544 727458 139990 23096 STUDY AWAY FEES 1312033 1312033 MISC. MINOR EQUIPMENT P 681800 556942 107176 17682 DUES AND SUBSCRIPTIONS 538163 439609 84597 13957 MISCELLANEOUS 274305 224071 43120 7114 All other Expenses 117351 95859 18447 3045 100199 81849 15751 2599 131937623 114293282 15225341 2419000 23875 23875 12127968 15900657 6630449 5424651 3131624 3108347 7738010 7685382 1007672 1037314 975556 748604 188301496 78693526 111240480 109607970 30875260 37490802 30888055 27328777 400000 400000 17293886 18223798 222332835 226980177 9432673 9596810 60226270 59200000 147253 128975 18595300 17580699 88401496 86506484 X 56694343 52322139 15828988 20735950 61408008 67415604 133931339 140473693 222332835 226980177 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61752223 2931666 6698147 3623791 212822 67545423 71780725 5083841 -11475790 -3461426 -11527 -163600 61752223 0.04630 0.95370 1 0 1787028 1787028 133652263 40042794 93609469 1712955 342593 1370362 32460071 24227576 8232495 18689179 14080563 4608616 109607970 PRIVATE EQUITY FUNDS 1612526 F HEDGE FUNDS 14400035 F LIFE INSURANCE 1333493 F Real estate 8281345 F Misc Investments 1701378 F 27328777 CONSTRUCTION IN PROGRESS 3179483 DEPOSITS HELD BY TRUSTEE 4682452 BOND ACQUISITION COSTS 1474618 Funds held in trust by others 8887245 18223798 DEPOSIT ACCOUNTS 1445115 ANNUITIES PAYABLE 5258457 FUNDS HELD FOR OTHERS 1288549 ASSET RETIREMENT OBLIGATION 885411 Unamortizied Premium 1077472 Government grants refundable 7625695 17580699 132805547 131937623 867924 4793889 880541 5674430 6542354 100751270 4793889 153948 4947837 95803433 37002114 37002114 132805547 94208916 -726593 -726593 94935509 37002114 37002114 131937623 Part V, Line 4: Description of Intended Use of Endowment Funds: INTENDED USES OF ENDOWMENT FUNDS, TO FUND SCHOLARSHIPS, UNDERGRADUATE RESEARCH, EQUIPMENT, LECTURES, ATHLETIC FACILITIES, SOME FACULTY POSITIONS, GLOBAL EDUCATION, AND OTHER UNIVERSITY PROGRAMS. Part X: Description of Uncertain Tax Positions Under FIN 48: In accordance with the accounting standard on Accounting for Uncertainty in Income Taxes, the University addresses the determination of whether tax benefits claimed on a tax return should be recorded in the financial statements. Under this guidance, the University may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merit of the position. Examples of tax positions include the tax-exempt status of the University and various positions related to the potential sources of unrelated business taxable income. There were no significant unrecognized tax benefits identified or recorded as liabilities during fiscal year 2010. Open tax years subject to examination by the U.S. taxing authorities are for the years 2007 to 2009, which statutes expire in 2010 to 2012, respectively. PART XI, LINE 8: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE: $1,595,376 LOSS ON CONTRIBUTIONS RECEIVABLE: ($868,783) FUNDRAISING EVENT EXPENSES AGAINST INCOME ON FINANCIAL STMTS: $69,050 Rental Expenses Against Income on Financial Stmts: $84,898 Part XII, line 2d: FUNDRAISING EVENT EXPENSES AGAINST INCOME ON FINANCIAL STMTS: $69,050 Rental Expenses Against Income on Financial Stmts: $84,898 Part XII, Line 4b: Scholarships and Grants: $36,789,232 Investment Fees: $212,882 Part XIII, Line 2d: Actuarial Adjustment: ($1,595,376) Loss on Contributions Receivable: $868,783 Part XIII, Line 4b: Scholarships and Grants: $36,789,232 Investment Fees: $212,882 1 1 1 PACIFIC LUTHERAN UNIVERSITY PUBLISHES ITS NONDISCRIMINATORY POLICY IN THE TACOMA NEWS TRIBUNE DURING FEBRUARY EACH YEAR. THE UNIVERSITY FOLLOWS A NONDISCRIMINATORY POLICY REGARDING ALL PROGRAMS. THE UNIVERSITY ENROLLS STUDENTS WITHOUT DISCRIMINATION AS TO RACE, SEX, COLOR, OR NATIONAL ORIGIN. THE UNIVERSITY'S RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT IN SUCH A WAY AS TO REACH STUDENTS OF ALL RACIAL SEGMENTS IN THE GEOGRAPHICAL AREA SERVED. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE UNIVERSITY RECEIVES SUPPORT FROM THE US GOVERNMENT IN CONNECTION WITH THE PERKINS LOAN PROGRAM, FEDERAL WORK-STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM AND OTHER PROGRAMS. 1 Central America and the Caribbean 4 Program Services Study abroad activities; On-site program administration 190549 East Asia and the Pacific 7 Program Services Study abroad activities; On-site program administration; Student recruitment 180976 Europe (Including Iceland & Greenland) 9 Program Services Study abroad activities; On-site program administration; Student recruitment; Curriculum development 182370 Middle East and North Africa 2 Program Services Study Abroad Activities 27838 North America 6 Program Services Study abroad activities; On-site program administration 139549 South America 2 Program Services Study abroad activities 124164 Sub-Saharan Africa 2 Program Services Study abroad activities 48402 Antarctica 1 Program Services Study abroad activities 204174 Europe (Including Iceland & Greenland) Investments Central America and the Caribbean Investments 0 33 1098022 KPLU Special Events 96662 96662 69050 96662 96662 69050 69050 27612 1 GRANTS AND SCHOLARSHIPS - See University for list of receipients 3077 36789232 Other Information: Part IV: Part I, Line 2: Pacific Lutheran University offers scholarships and grants to qualified students to help reduce their out-of-pocket tuition costs. Students receiving financial assistance of this form must meet specific criteria such as academic achievement, financial need and other similar standards whether put in place by the College or by donors of restricted funds. X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 Loren Anderson 248812 0 60000 0 47646 0 103250 0 79731 0 539439 0 0 0 Sheri Tonn 168297 0 0 0 0 0 32370 0 6268 0 206935 0 0 0 Laura Majovski 132845 0 0 0 0 0 27961 0 29488 0 190294 0 0 0 Stephen Olson 121017 0 0 0 338 0 10668 0 39845 0 171868 0 0 0 John Lee 56919 0 0 0 116438 0 18339 0 730 0 192426 0 0 0 James Brock 138898 0 0 0 0 0 15855 0 7284 0 162037 0 0 0 Part I, Line 1b Part I, line 1b -- Spouse of President traveled as an official representative of university with President. Supplemental Information Part III Part I, line 4b -- Loren J. Anderson 457 (f) plan -- $77,000 Washington Higher Education Facilities Authority 911306482 939781ZD5 2006-12-20 63357191 Refunding and Construction 0 0 63357191 3816213 30900647 1640331 27000000 2007 1 1 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 1 MBIA 30.000000000000 1 0 0 John Korsmo Construction Husband of Trustee 1618092 Building Construction 0 X 1 1100 FMV Appraisal X 1995 Fair Market Value X 29 325988 Fair Market Value X 1 100000 Fair Market Value X 1 1000 Fair Market Value X Unreimbursed Expenses 22 8642 Cost of donated item X Company Products 3 21010 Cost of donated item X Equipment/misc items 1 500 Cost of donated item 0 1 0 Form 990, Part VI, Section B, line 11 The form 990 is provided to the full board for their review before filing. Form 990, Part VI, Section B, line 12c Pacific Lutheran University annually requires Board members and key employees to complete conflict of interest survey. All surveys are reviewed by independent auditors. Any conflicts are documented to ensure proper oversight. Board members with conflicts are required to recuse themselves from proceedings. Form 990, Part VI, Section B, line 15 The President's compensation is reviewed annually by a compensation committee of the governing board. Comparable data for same size and regional organizations is used as well as prior year accomplishments. All other positions are reviewed annually by an immediate supervisor. The Human Resources director assembles and reviews comparable data from the industry. Form 990, Part VI, Section C, line 19 Financial statements are posted on PLU's website. Form 990, Part XI, Line 2c The oversight process has not changed from prior year Schedule K, Part II, Line 5 Issuance costs from proceeds: Bond Issuance Cost = $601,083 Credit Enhancement Fees = $1,039,248