2025-03-13T14:30:21-05:00 2024-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-07-01 930386972 WILLAMETTE UNIVERSITY WILL 5033706710 900 STATE STREET SALEM OR 97301 ANNE GALLAGHER CHIEF FINANCIAL OFFICER 5033706710 2025-03-11 1 1 WENDY CAMPOS P00448102 5032421447 2025-03-11 2023 2025-03-06 01:10:19Z STEPHEN E THORSETT 900 STATE STREET SALEM OR 97301 199340831 0 X WWW.WILLAMETTE.EDU X 1842 OR THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITY PREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING. 34 32 2071 463 351066 69414 15414203 17071748 120183646 142030180 407937 1701162 1746456 2462272 137752242 163265362 57722938 72237253 0 0 66784819 70425990 88434 53510 4018305 48319478 47829694 172915669 190546447 -35163427 -27281085 536279964 537942266 161483437 157855268 374796527 380086998 X THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITY PREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING. 0 0 151807569 72255252 123147256 HIGHER EDUCATION - INSTRUCTION AND SUPPORT: 1,548 IN THE COLLEGE OF ARTS AND SCIENCES, 325 IN THE COLLEGE OF LAW, 105 IN THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT, 27 IN THE SCHOOL OF COMPUTING AND INFORMATION SCIENCES, 73 IN A JOINT DEGREE PROGRAM, 401 IN PACIFIC NORTHWEST COLLEGE OF ARTS, AND 63 IN THE HALLIE FORD SCHOOL OF GRADUATE STUDIES (2,542 STUDENTS). 14726420 21327 18882924 HIGHER EDUCATION - AUXILIARY FUNCTIONS: INCLUDES ROOM & BOARD (FOR 1,279 STUDENTS) AND SUMMER CONFERENCES. 166533989 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 0 0 1 4298 0 1 2071 1 1 1 1 SP 0 0 0 1 1 0 0 0 0 0 0 X 34 32 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA MI MN OR SC X X SCOTT SCHAEFER 5033706710 900 STATE STREET SALEM OR 97301 X STEPHEN THORSETT PRESIDENT 40.00 X X 487093 0 173488 SHELBY RADCLIFFE VP FOR ADVANCEMENT 40.00 X 342077 0 36590 BRIAN GALLINI DEAN, COLLEGE OF LAW 40.00 X 268039 0 54587 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER 40.00 X X 265063 0 46740 JENNIFER COLE DEAN, PNCA 40.00 X 214432 0 74310 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 40.00 X 246045 0 40406 SHANA SECHRIST GENERAL COUNSEL & VP OF HUMAN RESOURCES 40.00 X 228400 0 53530 WILLIAM MULLEN VP FOR ENROLLMENT MANAGEMENT 40.00 X 235174 0 33632 ORN BODVARSSON DEAN ATKINSON GRADUATE SCHOOL OF MANAGEMENT 40.00 X 226358 0 35397 RUTH FEINGOLD DEAN, COLLEGE OF ARTS & SCIENCES 40.00 X 205168 0 42138 NORMAN WILLIAMS KEN CLAUDIA PETERSON PROFESSOR OF LAW 40.00 X 211911 0 21876 LISA LANDREMAN VP FOR STUDENT AFFAIRS 40.00 X 184500 0 28721 COLLEEN KAWAHARA CHIEF OF STAFF, ADMINISTRATIVE SECRETARY 40.00 X 173818 0 21483 ANNE GALLAGHER ASSOCIATE VP OF BUDGET & FACILITIES 40.00 X 160684 0 28097 KEVIN SMITH CHAIR 1.00 X X 0 0 0 ELIZABETH LARGE VICE CHAIR 1.00 X X 0 0 0 LYNNE SAXTON IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 SANDRA ROWE SECRETARY - 02/29/2024 1.00 X X 0 0 0 EVA KRIPALANI ASSISTANT SECRETARY 1.00 X X 0 0 0 BOB HECK TRUSTEE - 06/30/2024 1.00 X 0 0 0 BONNIE FLYNN TRUSTEE 1.00 X 0 0 0 BRIAN HUFFT TRUSTEE 1.00 X 0 0 0 CHARLOTTE CARPENTER TRUSTEE 1.00 X 0 0 0 CORTLANDT CUFFEE TRUSTEE 1.00 X 0 0 0 DAVID DRINKWARD TRUSTEE 1.00 X 0 0 0 ELOISE DAMROSCH TRUSTEE 1.00 X 0 0 0 HEIDI PATTERSON TRUSTEE 1.00 X 0 0 0 JAMES CUNO TRUSTEE 1.00 X 0 0 0 JANELLE BOVELL TRUSTEE 1.00 X 0 0 0 JEFF CHUNG TRUSTEE 1.00 X 0 0 0 JILL TERRY HALL TRUSTEE 1.00 X 0 0 0 JOHNNY VONG TRUSTEE 1.00 X 0 0 0 JON THOMSEN TRUSTEE 1.00 X 0 0 0 JOSEPH HOFFMAN TRUSTEE 1.00 X 0 0 0 JULIE FILIZETTI TRUSTEE 1.00 X 0 0 0 KARYN RICHARDS-KUAN TRUSTEE 1.00 X 0 0 0 KATHERINE CAHILL TRUSTEE 1.00 X 0 0 0 KENNETH MORRIS TRUSTEE 1.00 X 0 0 0 KONRAD KRUGER TRUSTEE 1.00 X 0 0 0 LINDA HUTCHINS TRUSTEE 1.00 X 0 0 0 LYNN RISTIG SECRETARY 1.00 X X 0 0 0 MARIAM HIGGINS TRUSTEE 1.00 X 0 0 0 MICHAEL MARTINEZ TRUSTEE 1.00 X 0 0 0 PATRICK WAITE TRUSTEE 1.00 X 0 0 0 ROBIN BRENA TRUSTEE 1.00 X 0 0 0 SEAN O'HOLLAREN TRUSTEE 1.00 X 0 0 0 TRUMAN COLLINS JR TRUSTEE 1.00 X 0 0 0 3448762 0 690995 116 1 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 5092500 SIEMENS INDUSTRY 300 NEW JERSEY AVENUE STE 1000 WASHINGTON DC 20001 INFORMATION TECHNOLOGY 2848575 MACDONALD-MILLER FACILITY SOLUTIONS LLC PO BOX 509017 SAN DIEGO CA 92150 CONSTRUCTION 2544740 AMERICA CLEANING SOLUTIONS INC PO BOX 66681 PORTLAND OR 97290 JANITORIAL 1695510 GLOBAL ENDOWMENT MANAGEMENT 224 W TREMONT AVENUE CHARLOTTE NC 28203 INVESTMENT MANAGEMENT 1480515 34 2409784 14661964 2468752 17071748 TUITION AND FEES 611310 123147256 123147256 ROOM AND BOARD FEES 721310 18160689 18160689 AUXILIARY INCOME 611710 722235 722235 142030180 1726830 321736 1405094 153808 0 153808 153808 153808 36049801 36048278 27191 1523 -27191 -25668 -25668 PARKING 812930 440708 29330 411378 TRUST DISTRIBUTIONS 525990 219286 219286 CONTRACTED SERVICES 900099 91242 91242 1557228 1557228 2308464 163265362 142030180 351066 3812368 2000 2000 71218804 71218804 1016449 1016449 2991000 796108 2030493 164399 45116 45116 51453027 43791291 5318003 2343733 4725417 4029977 476756 218684 7220119 6143184 736729 340206 3991311 3344151 472580 174580 763914 7052 750227 6635 203862 203862 53510 53510 1786072 1786072 7904702 6266475 1416035 222192 711890 172790 539100 3411810 2840291 291317 280202 2247095 2016788 107776 122531 7812645 5581534 2223348 7763 2513745 2414090 30894 68761 126162 117587 5286 3289 3558546 2586855 971691 6453768 5995079 458689 1759588 16048 1743540 FOOD SERVICE 5962473 5842637 108656 11180 SPECIAL PROGRAMS 1097248 1097248 0 0 BOOKS AND PERIODICALS 924431 924431 0 0 BAD DEBT 140161 0 140161 0 451582 268004 182938 640 190546447 166533989 19994153 4018305 2167007 7852587 21755842 10772808 4420753 4480607 4591165 3533981 1978688 1337438 1460826 1310332 323046735 150778998 166775642 172267737 20603043 19798894 293946613 298667409 1330224 1493305 17250161 16427168 536279964 537942266 16904353 16681510 2574008 2548411 100101681 99757799 1168382 808514 40735013 38059034 161483437 157855268 X 84095210 70935609 290701317 309151389 374796527 380086998 536279964 537942266 X -27281085 31255794 1315762 X 0 1 X 1 1 1 X 11311122 4531362 18552130 15414203 17071748 66880565 11311122 4531362 18552130 15414203 17071748 66880565 1412983 65467582 409393 10901 2487193 1225714 1558902 5692103 32374 4019 734469 72800 843662 1247469 174632 2908955 1566122 2251944 8149122 81565452 472312584 0.80260 0.78060 X PART II, SHORT YEAR EXPLANATION: TAX YEAR ENDING 6/30/2021 WAS A SHORT YEAR DUE TO A CHANGE IN THE ACCOUNTING PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 759292 7990819 X X X X 0 0 0 304778465 6698309 31187754 6290429 21568569 1786072 313019458 306529427 607386 16539787 6343327 10858748 1696060 304778465 355004054 4642596 -37413887 5296481 8699815 1707040 306529427 312170019 17252066 25708055 126086 355004054 249725853 2356252 75631109 5324551 8868842 1349801 312170019 0.09300 0.59900 0.30800 1 0 8574467 8574467 219835358 93666856 126168502 17510540 14153816 3356724 10415693 9204680 1211013 66710677 33753646 32957031 172267737 MULTI-STRATEGY LIMITED PARTNERSHIP INVESTMENT FUND 286412166 F PRIVATELY POOLED FUNDS 12255243 F 298667409 ANNUITIES AND TRUSTS PAYABLE 11047301 GOVERNMENT ADVANCES FOR STUDENT LOANS 1997243 BONDS PAYABLE 15037309 OPERATING LEASE LIABILITIES 9977181 38059034 X 108684382 32911481 -85411844 -52500363 161184745 1786072 294545 2080617 163265362 117592960 1 1 117592959 1786072 71167416 72953488 190546447 PART III, LINE 4: WILLAMETTE UNIVERSITY HAS A COLLECTION OF ART AND CULTURAL/HISTORICAL ARTIFACTS THAT CONSISTS OF PAINTINGS, PHOTOGRAPHS, CERAMICS, DRAWINGS, ARCHAEOLOGICAL ARTIFACTS, TEXTILES, SCULPTURES, NATIVE AMERICAN WOVEN BASKETS, AND OTHER MEDIA. THE COLLECTION IS HELD AT $7,990,819 AND IS HELD IN THE UNIVERSITY ART MUSEUM. THE MUSEUM EXISTS TO SUPPORT THE LIBERAL ARTS CURRICULUM OF WILLAMETTE UNIVERSITY AND TO SERVE AS AN INTELLECTUAL AND CULTURAL RESOURCE FOR THE CITY OF SALEM AND BEYOND, THROUGH THE COLLECTION, PRESERVATION, EXHIBITION AND INTERPRETATION OF HISTORICAL AND CONTEMPORARY ART WITH AN EMPHASIS ON REGIONAL ART. PART V, LINE 4: THE ENDOWMENT FUNDS HELD BY THE UNIVERSITY ARE USED TO SUPPORT OPERATIONS, INCLUDING FINANCIAL AID, INSTRUCTION AND BUILDINGS. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ASC 740-10, INCOME TAXES - OVERALL, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S CONSOLIDATED 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. THE UNIVERSITY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -71,079,760. POST-RETIREMENT LIABILITY ADJUSTMENT -110,536. OTHER CHANGES IN NET ASSETS -14,199,047. PLEDGE WRITE OFFS -22,500. ROUNDING -1. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS 321,736. ASSET DISPOSAL -27,191. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 71,079,760. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 89,847. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 25,000. ASSET DISPOSAL -27,191. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY DRAWS AN AVERAGE OF 60% OF INCOMING STUDENTS FROM OUTSIDE OREGON, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, THE UNIVERSITY IS EXEMPT FROM THE REQUIREMENT TO PUBLISH THE NOTICE OF NONDISCRIMINATION POLICY IN A LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TITLE IV FUNDS FOR FINANCIAL AID PURPOSES, AS WELL AS FEDERAL AND STATE GRANTS FOR FACULTY RESEARCH AND PROGRAMMING PURPOSES. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 5 PROGRAM SERVICES STUDY ABROAD PROGRAM 960330 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDY ABROAD PROGRAM 423625 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING STUDY ABROAD PROGRAM 482930 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 10000 NORTH AMERICA (CANADA AND MEXICO) 0 0 GRANTMAKING STUDY ABROAD PROGRAM 48169 SOUTH AMERICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 51725 1 5 0 0 1 5 1976779 0 1976779 EAST ASIA AND THE PACIFIC CONTRIBUTION TO IKEBUKURO BUILDING CLOCK 20000 INTL WIRE 0 1 0 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 29 482930 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS EAST ASIA AND THE PACIFIC 21 403625 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 10000 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SOUTH AMERICA 3 51725 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS NORTH AMERICA (CANADA AND MEXICO) 3 48169 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES 1 0 0 0 0 0 PART I, LINE 2: SCHOLARSHIPS/GRANTS AWARDED TO STUDENTS WHO ARE STUDYING ABROAD ARE APPLIED TO THEIR STUDENT ACCOUNTS. THE SCHOLARSHIPS OFFSET TUITION AND FEES TO REDUCE THE AMOUNT THAT STUDENTS OWE TO THE UNIVERSITY. THUS, THE STUDENTS DO NOT PHYSICALLY RECEIVE THE MONEY. PROCEDURES DO NOT DIFFER FROM THOSE APPLIED TO STUDENTS WHO ARE ATTENDING ON CAMPUS, OTHER THAN VERIFICATION OF PARTICIPATION AND COMPLETION OF THE PROGRAM. THE FOLLOWING ARE THE PROCEDURES FOLLOWED BY THE UNIVERSITY FOR MONITORING THE USE OF SCHOLARSHIP/GRANT FUNDS: THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILES ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED). PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACCRUAL METHOD. X X X X X X X 1 WEST WIND CONSULTING STRATEGIES IN FUND RAISING LLC 120 BRINDLEY ST SUITE 7 ITHACA NY 14850 CONSULTING 0 0 24075 -24075 PENTERA INC 8650 COMMERCE PARK PL SUITE G INDIANAPOLIS IN 46268 MARKETING 0 0 29435 -29435 53510 -53510 AK AL AR AZ CA CO CT DC DE FL GA GU HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC SD TN TX UT VA VT WA WI WV WY 1 MERIT-BASED SCHOLARSHIPS TO STUDENTS 2586 64716563 NEED-BASED SCHOLARSHIPS TO STUDENTS 836 5367764 FEDERAL WORK STUDY SCHOLARSHIPS TO STUDENTS 215 617241 STUDENT AWARDS AND PRIZES 245 517236 PART I, LINE 2: PROCEDURES FOR MONITORING OF SCHOLARSHIPS: THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILE ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED). PROCEDURES FOR MONITORING OF RESEARCH GRANTS: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS VARY DEPENDING ON THE REQUIREMENTS OF THE AWARDING ENTITY AND THE GRANT TERMS & CONDITIONS. HOWEVER, MONITORING PROCEDURES, IN ADDITION TO ADHERING TO ALL REQUIRED ACCOUNTING STANDARDS, TYPICALLY INVOLVE WRITTEN AND/OR VERBAL ANNUAL PROGRESS REPORTS ON THE PROJECT OR PROGRAM IN ADDITION TO A FINAL REPORT SUBMITTED AT THE CONCLUSION OF THE PROJECT. FINANCIAL REPORTS ARE PREPARED BY THE ACCOUNTING OFFICE AND SUBMITTED FOR REIMBURSEMENT OF PROJECT EXPENDITURES. FINAL PAYMENT OF GRANT FUNDS IS OFTEN CONTINGENT ON THE AFOREMENTIONED ITEMS. DEPARTMENTS AND PRINCIPAL INVESTIGATORS OR GRANT ADMINISTRATORS ARE RESPONSIBLE FOR MONITORING OF GRANT FUNDS WITH ASSISTANCE FROM THE OFFICE OF GRANTS AND STRATEGIC INITIATIVES AND THE ACCOUNTING OFFICE. PROCEDURES FOR MONITORING OTHER AWARDS AND PRIZES: AWARD/PRIZE RECIPIENTS ARE DETERMINED BY CRITERIA ESTABLISHED BY THEIR RESPECTIVE DEPARTMENT OR COLLEGE. DEPENDING ON THE NATURE OF THE GRANT, DEPARTMENTS PARTNER WITH A VARIETY OF UNIVERSITY OFFICES INCLUDING FINANCIAL AID, ADVANCEMENT, GRANTS AND STRATEGIC INITIATIVES, AND ACCOUNTING, TO ENSURE THAT AWARD FUNDS ARE DISBURSED CONSISTENTLY WITH THE REQUIREMENTS OF THE GRANT OR RESTRICTED FUND. PROCEDURES FOR MONITORING GRANTS, AWARDS, AND PRIZES TO INDIVIDUALS: AT TIMES, FUNDERS AWARD GRANTS OR PRIZES TO INDIVIDUAL FACULTY MEMBERS OR STUDENTS. NSF'S CAREER AWARD IS ONE EXAMPLE, AS IS THE M.J. MURDOCK'S CHARITABLE TRUST'S SWANSON AWARD AND COLLEGE SCIENCE RESEARCH CONFERENCE PRIZES. IN SUCH CASES, THE UNIVERSITY RECEIVES THE FUNDS, UNLESS OTHERWISE SPECIFIED BY THE FUNDER, AND DISTRIBUTES THEM PER GRANT, AWARD OR PRIZE GUIDELINES AND UNIVERSITY FINANCIAL POLICIES AND PROCEDURES. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 STEPHEN THORSETT PRESIDENT 470372 0 0 0 16721 0 48500 0 124988 0 660581 0 0 0 SHELBY RADCLIFFE VP FOR ADVANCEMENT 258705 0 76086 0 7286 0 26010 0 10580 0 378667 0 0 0 BRIAN GALLINI DEAN, COLLEGE OF LAW 267145 0 0 0 894 0 27554 0 27033 0 322626 0 0 0 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER 264189 0 0 0 874 0 27040 0 19700 0 311803 0 0 0 JENNIFER COLE DEAN, PNCA 213346 0 0 0 1086 0 22360 0 51950 0 288742 0 0 0 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 241241 0 0 0 4804 0 24671 0 15735 0 286451 0 0 0 SHANA SECHRIST GENERAL COUNSEL & VP OF HUMAN RESOURCES 227232 0 0 0 1168 0 23868 0 29662 0 281930 0 0 0 WILLIAM MULLEN VP FOR ENROLLMENT MANAGEMENT 233040 0 0 0 2134 0 23400 0 10232 0 268806 0 0 0 ORN BODVARSSON DEAN ATKINSON GRADUATE SCHOOL OF MANAGEMENT 220361 0 0 0 5997 0 22360 0 13037 0 261755 0 0 0 RUTH FEINGOLD DEAN, COLLEGE OF ARTS & SCIENCES 201895 0 0 0 3273 0 20962 0 21176 0 247306 0 0 0 NORMAN WILLIAMS KEN CLAUDIA PETERSON PROFESSOR OF LAW 211072 0 0 0 839 0 17750 0 4126 0 233787 0 0 0 LISA LANDREMAN VP FOR STUDENT AFFAIRS 182877 0 0 0 1623 0 18399 0 10322 0 213221 0 0 0 COLLEEN KAWAHARA CHIEF OF STAFF, ADMINISTRATIVE SECRETARY 173041 0 0 0 777 0 17500 0 3983 0 195301 0 0 0 ANNE GALLAGHER ASSOCIATE VP OF BUDGET & FACILITIES 158546 0 0 0 2138 0 16120 0 11977 0 188781 0 0 0 PART I, LINE 1A THE UNIVERSITY PRESIDENT IS REQUIRED AS A CONDITION OF EMPLOYMENT TO MAINTAIN A PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE UNIVERSITY. THE HOUSING ARRANGEMENT IS FOR THE CONVENIENCE OF THE UNIVERSITY AND THE HOUSE IS USED FOR UNIVERSITY BUSINESS. CLUB MEMBERSHIPS WERE PROVIDED TO THE UNIVERSITY PRESIDENT AND ARE USED FOR UNIVERSITY BUSINESS MEETINGS. PERSONAL SERVICES CONSIST OF CUSTODIAL SERVICES FOR THE UNIVERSITY OWNED RESIDENCE OCCUPIED BY THE PRESIDENT. PART I, LINE 1B ITEMS NOTED IN LINE 1A WERE PROVIDED BASED ON EMPLOYMENT AGREEMENTS WITH THE UNIVERSITY PRESIDENT AND OTHER EMPLOYEES, AND THE UNIVERSITY FOLLOWED THE PROVISIONS OF THESE AGREEMENTS REGARDING PAYMENT/REIMBURSEMENT/ PROVISION OF THESE ITEMS. A STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JTZ4 2016-07-14 22815181 SEE SCHEDULE K, PART VI 0 0 0 B STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JYY1 2021-05-27 79865559 SEE SCHEDULE K, PART VI 0 0 0 A 22837167 315181 9720449 12500000 2020 0 1 1 1 B 81454384 10726567 2065778 1339157 28000000 48460624 9137742 2025 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/14/2021 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 7/14/16 (F) DESCRIPTION OF PURPOSE:THE PROCEEDS OF THE 2016 SERIES B BONDS WERE USED TO REFUND THE SERIES 2014 BONDS AND TO FUND $10 MILLION IN RESIDENCE HALL AND SPORTING FACILITIES UPGRADES. (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 5/27/21 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2021 SERIES A BONDS WERE USED TO REFUND THE SERIES 2010, SERIES 2016-A, AND SERIES 2016-C BONDS AND FUND CAMPUS MAINTENANCE AND UPGRADES. SCHEDULE K, PART II, LINE 3: (A) TOTAL PROCEEDS OF ISSUE INCLUDE $21,986 OF INVESTMENT EARNINGS. (B) TOTAL PROCEEDS OF ISSUE INCLUDE $1,588,825 OF INVESTMENT EARNINGS. 23000 SCHOLARSHIP TUITION ASSISTANCE 25000 TUITION REMISSION TUITION ASSISTANCE RACHEL DEWEY THORSETT SPOUSE OF OFFICER STEPHEN THORSETT 45116 EMPLOYMENT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: RACHEL DEWEY THORSETT(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:SPOUSE OF OFFICER STEPHEN THORSETT X 26 759292 OPINION OF EXPERTS X 44 1630460 FAIR MARKET VALUE X LAB EQUIPMENT 1 79000 OPINION OF EXPERTS 0 0 1 0 SCHEDULE M, PART I, COLUMN (B): THE AMOUNT REPRESENTS THE NUMBER OF ACTUAL CONTIBUTIONS RECEIVED AND NOT THE NUMBER OF ITEMS RECEIVED FOR EACH CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 2 EVA KRIPALANI AND ELIZABETH LARGE ARE BUSINESS PARTNERS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THAT CAN ONLY BE ACCESSED BY MEMBERS OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE RETURN. NEXT, THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THAT CAN BE ACCESSED BY ALL MEMBERS OF THE BOARD OF TRUSTEES. THEY ARE NOTIFIED VIA EMAIL THAT THE FORM IS AVAILABLE FOR THEIR REVIEW. AFTER THE FORM HAS BEEN MADE AVAILABLE FOR REVIEW BY ALL NOTED PARTIES, IT IS MODIFIED (IF NECESSARY), FINALIZED, AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS AND KEY EMPLOYEES MUST COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND RETURN IT TO THE PRESIDENT'S OFFICE (OFFICERS AND TRUSTEES) OR THE CONTROLLER'S OFFICE (KEY EMPLOYEES) ANNUALLY. THE BOARD'S PROCESS FOR ADDRESSING CONFLICTS OF INTEREST IN ACCORDANCE WITH THE ADOPTED ABOVE-REFERENCED POLICY IS AS FOLLOWS: "IF AN INDIVIDUAL BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST, THE INDIVIDUAL SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT ON A FORM THAT GOES TO THE CHAIR OF THE AUDIT COMMITTEE AND SHALL REFRAIN FROM PARTICIPATING ON BEHALF OF THE UNIVERSITY IN THE MATTER TO WHICH THE CONFLICT RELATES UNTIL THE CONFLICT IN QUESTION HAS BEEN WAIVED OR OTHERWISE ADDRESSED BY VOTE OF THE AUDIT COMMITTEE AFTER THE MATERIAL FACTS OF THE TRANSACTION AND THE INDIVIDUAL'S INTEREST ARE DISCLOSED OR KNOWN TO THE COMMITTEE, OR OTHERWISE RESOLVED IN COMPLIANCE WITH THE OREGON NONPROFIT CORPORATION ACT (ORS CH. 65)." THE BOARD CHAIR, BOARD TREASURER, AND ADMINISTRATIVE SECRETARY TO THE BOARD MONITOR COMPLIANCE ON AN ONGOING BASIS. MONITORING ACTIVITIES MAY INCLUDE REVIEW OF MEETING MINUTES BY THE ADMINISTRATIVE SECRETARY TO IDENTIFY POTENTIAL/DEVELOPING CONFLICTS OR CONFLICTS THAT MAY HAVE ALREADY OCCURRED AND INFORMAL DISCUSSIONS WITH COMMITTEE CHAIRS OR BOARD OFFICERS TO RAISE AWARENESS OF CONFLICTS AND POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (MADE UP OF THE CHAIR, FINANCE CHAIR, AND AUDIT CHAIR) ESTABLISHES AND REVIEWS THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY. THE COMMITTEE CONSISTS OF THREE MEMBERS WHO DO NOT HAVE A CONFLICT OF INTEREST PER IRS REGULATIONS SECTION 53.4958-6(C)(1)(III). IN ORDER TO ESTABLISH AN APPROPRIATE LEVEL OF COMPENSATION, THE COMMITTEE REVIEWS A RANGE OF COMPENSATION DATA, INCLUDING REGIONAL AND NATIONAL SURVEYS. IN ADDITION, A REVIEW OF COMPENSATION AS REPORTED IN THE 990'S OF OTHER SIMILAR SIZED PRIVATE LIBERAL ARTS UNIVERSITIES IS PERFORMED. ONCE A SALARY IS DETERMINED, THE INFORMATION IS PASSED ON TO THE EXECUTIVE COMMITTEE. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN JUNE OF 2024. THE COMPENSATION COMMITTEE ALSO APPROVES COMPENSATION FOR EXECUTIVE AND KEY EMPLOYEES BASED ON DATA FROM (A) POSITIONS IN SIMILARLY SITUATED INSTITUTIONS; (B) POSITIONS IN MARKETS OUTSIDE HIGHER EDUCATION WHERE APPROPRIATE; (C) INTERNAL EQUITY; AND, (D) THE KNOWLEDGE, PERFORMANCE, SKILL, AND OTHER RELEVANT FACTORS OF THE PERSON IN THE POSITION. THE COMPENSATION DATA IS COLLECTED FROM NATIONAL AND REGIONAL SURVEYS, AS WELL AS OTHER SOURCES. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN THE FISCAL YEAR ENDING 2024. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY FILED FOR TAX EXEMPTION BEFORE JULY 15, 1987 AND DID NOT HAVE A COPY OF FORM 1023 ON FILE AT THAT TIME AND IS THEREFORE NOT REQUIRED TO MAKE FORM 1023 PUBLICLY AVAILABLE. THE UNIVERSITY INSTEAD POSTS A COPY OF ITS CURRENT IRS EXEMPTION LETTER ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S BYLAWS, ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE UNIVERSITY'S WEBSITE. FORM 990, PART VII, SECTION A, LINE 1A THE TREASURER OF THE ORGANIZATION IS NOT CONSIDERED A TRUSTEE BUT IS CONSIDERED A MEMBER OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THIS POSITION IS REPORTED AS A DIRECTOR/TRUSTEE ON THE FORM 990 BECAUSE MEMBERS OF THE EXECUTIVE COMMITTEE HAVE THE RIGHT TO VOTE ON CERTAIN BOARD MATTERS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES AND TRUSTS 1,655,687. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -321,736. TUITION REMISSION NOT RECORDED ON FINANCIAL STATEMENTS 25,000. POST-RETIREMENT LIABILITY ADJUSTMENT -110,536. NONCASH EMPLOYEE BENEFITS NOT RECORDED ON FINANCIAL STATEMENTS 89,847. PLEDGE WRITE OFFS -22,500. 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