2020-04-14T11:50:40-05:00 2019-05-31 910189318 MOSS ADAMS LLP PO BOX 22650 YAKIMA WA 989072650 990 2018-06-01 910565571 PACIFIC LUTHERAN UNIVERSITY PACI 2535357119 12180 PARK AVE S TACOMA WA 98447 PATRICK GEHRING TREASURER 2535357119 2020-04-13 1 COLLEEN RAMIRES P01251320 5092487750 2020-04-13 50.35.124.52 2020-04-13 15:24:04 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C6EDF24ACDF01F1BE2FDCB25E70854792FCE1D1F 2018 2021-01-29 14:40:06Z NA ALLAN BELTON 12180 PARK AVE S TACOMA WA 98447 256340563 0 X WWW.PLU.EDU X 1920 WA PACIFIC LUTHERAN UNIVERSITY PURPOSEFULLY INTEGRATES THE LIBERAL ARTS, PROFESSIONAL STUDIES AND CIVIC ENGAGEMENT THROUGH DISTINCTIVE INTERNATIONAL PROGRAMS AND FACULTY MENTORED RESEARCH OPPORTUNITIES. 31 30 2638 309 318878 0 10034694 10512546 135531691 141729504 4796797 2476476 138970 157537 150502152 154876063 58107699 63938681 0 0 59595406 61011000 0 0 2698000 33468396 33575683 151171501 158525364 -669349 -3649301 250294715 241099264 83905781 81333881 166388934 159765383 X PLU SEEKS TO EDUCATE STUDENTS FOR LIVES OF THOUGHTFUL INQUIRY, SERVICE, LEADERSHIP AND CARE - FOR OTHER PEOPLE, FOR THE COMMUNITY AND FOR THE EARTH. 0 0 99035682 63938681 124362033 ACADEMIC INSTRUCTION: PLU OFFERS 51 MAJORS AND 60 MINORS, AS WELL AS GRADUATE AND PROFESSIONAL PROGRAMS IN BUSINESS (FINANCE, MARKETING ANALYTICS, AND BUSINESS ADMINISTRATION), CREATIVE WRITING, EDUCATION, MARRIAGE AND FAMILY THERAPY, AND NURSING. THE UNIVERSITY HELPS MORE THAN 3,100 STUDENTS FROM ALL FAITHS AND BACKGROUNDS DISCERN THEIR VOCATIONS THROUGH COURSEWORK, MENTORSHIP AND INTERNSHIPS AT WORLD-CLASS PUGET SOUND-AREA BUSINESSES AND INSTITUTIONS. PLU SEEKS STUDENTS FROM EVERY POSSIBLE BACKGROUND, ALL RELIGIONS, ALL RACES, ALL SOCIOECONOMIC GROUPS, ALL SEXUAL ORIENTATIONS, ALL AGES, FROM ALL OVER THE WORLD. FOR THE 2018-19 ACADEMIC YEAR, 41 PERCENT OF INCOMING FIRST-YEAR STUDENTS ARE "FIRST GENERATION," COMING FROM FAMILIES WHERE NEITHER NATURAL NOR ADOPTIVE PARENTS RECEIVED A BACCALAUREATE DEGREE; 45 PERCENT SELF-IDENTIFY AS STUDENTS OF COLOR; AND 34 PERCENT ARE PELL GRANT-ELIGIBLE. THE FIRST AMERICAN UNIVERSITY TO HAVE STUDY AWAY CLASSES ON ALL SEVEN CONTINENTS SIMULTANEOUSLY, PLU ALSO IS THE FIRST PRIVATE UNIVERSITY ON THE WEST COAST TO RECEIVE THE PRESTIGIOUS SENATOR PAUL SIMON AWARD FOR CAMPUS INTERNATIONALIZATION. PLU HOSTS AN EMMY AWARD WINNING MEDIA LAB; A MACARTHUR AWARD-WINNING DETACHMENT OF ARMY ROTC; AND MORE THAN 80 CLUBS AND ACTIVITIES, INCLUDING 19 VARSITY ATHLETIC TEAMS IN THE NORTHWEST CONFERENCE OF NCAA DIVISION III. THE UNIVERSITY CONSISTENTLY RANKS AMONG THE TOP 20 IN U.S. NEWS & WORLD REPORT'S BEST UNIVERSITIES IN THE WEST AND USNWR RECENTLY NAMED PLU AS THE SEVENTH MOST INNOVATIVE SCHOOL, NINTH BEST UNDERGRADUATE TEACHING, AND TENTH BEST VALUE SCHOOL IN THE WEST REGION. THE UNIVERSITY HASPRODUCED MORE THAN 106 FULBRIGHT SCHOLARS SINCE 1975. 16272000 16075312 ACADEMIC SUPPORT AND STUDENT SERVICES: AT PLU, STUDENTS ARE OFFERED MANY SUPPORT SERVICES, INCLUDING ACADEMIC ASSISTANCE AND ADVISING, DISABILITY SUPPORT SERVICES, CAREER CONNECTIONS AND CAMPUS MINISTRY. HIGHLIGHTS OF 2018-19 INCLUDED THE FORMATION OF PHASE II OF THE NEW CENTER FOR STUDENT SUCCESS, A MISSION ALIGNED, STUDENT-CENTERED REIMAGINING OF ACADEMIC SUPPORT THAT TAKES A HOLISTIC VIEW OF STUDENT SUCCESS. THE CENTER IS A CAMPUS-WIDE COLLABORATION OF UNITS DEDICATED TO HELPING STUDENTS SUCCEED WITH ACADEMIC AND PERSONAL SUPPORT AND RESOURCES. SERVICES INCLUDE: ACADEMIC ADVISING & DEGREE PLANNING, TUTORING & ASSIGNMENT HELP, CAREER & VOCATION PLANNING, FINANCIAL SERVICES, PERSONAL HEALTH & WELLNESS, RESOURCES BY AFFINITY GROUP (COMMUTER STUDENTS, TRANSFER STUDENTS, INTERNATIONAL STUDENTS, FIRST IN THE FAMILY [FIF] STUDENTS, LGBTQ-IDENTIFIED STUDENTS, STUDENTS OF COLOR, AND UNDOCUMENTED STUDENTS.) PHASE II NOW INCLUDES ANOTHER COMPONENT WITH SATTELITE MILITARY OUTREACH OFFICES TO CONNECT VETERANS TO PEERS, PROFESSIONAL DEVELOPMENT AND OTHER RESOURCES. 9073000 973281 AUXILIARY ENTERPRISES: PLU OFFERS NINE RESIDENCE HALLS; EIGHT TRADITIONAL STYLE RESIDENCE HALLS AND ONE APARTMENT-STYLE COMPLEX. DURING THE 2018-19 ACADEMIC YEAR, ON-CAMPUS RESIDENTIAL STUDENTS SERVED 1,300 STUDENTS IN FALL AND SPRING SEMESTERS. PLU DELIVERED DINING SERVICES TO MORE THAN 3,100 STUDENTS, FACULTY, STAFF AND THE NEIGHBORING COMMUNITY. WE ARE DEDICATED TO PROVIDING NUTRITIONALLY SOUND AND SUSTAINABLY SOURCED MEALS AT OUR MODERN DINING HALL, AT A NOTED RESTAURANT OPEN TO THE PUBLIC AND CAMPUS COMMUNITY, AND THROUGH SEVERAL CONVENIENT QUICK-SERVE OPTIONS LOCATED ACROSS CAMPUS. DINING SERVICES IS A CAMPUS LEADER IN SUSTAINABLE INITIATIVES, OFFERS NUTRITION EDUCATION AND CULINARY ADVENTURE CLASSES, AVAILABLE TO EVERYONE. PLU HOSTED OVER 40,000 GUESTS ATTENDING 120+ NON-PLU CONFERENCES AND EVENTS DURING 2018-19. CONFERENCES RANGE IN SIZE FROM ONE-DAY TRAININGS TO OVERNIGHT RETREATS; A MEMORIAL SERVICE; MUSIC CONCERTS; SPORTS CAMPS AND CLINICS. PLU'S HOSPITALITY SERVICES AND CAMPUS RESTAURANTS, INCLUDING THE CATERING DEPARTMENT, PROVIDES MEALS FOR MOST EVENTS AS WELL AS PLU FUNCTIONS. PLU RENTED RESIDENCE HALL ROOMS TO 750+ ATHLETES AND THEIR CHAPERONES FOR SPECIAL OLYMPICS WASHINGTON SPRING GAMES HELD AT PLU IN EARLY JUNE 2018. APPROXIMATELY AN ADDITIONAL 4,200 VOLUNTEERS, SPECTATORS, VENDORS, STAFF AND ATHLETES WHO DID NOT SLEEP ON CAMPUS ALSO ATTENDED THE GAMES AND FESTIVITIES. THE CATERING DEPARTMENT PROVIDES MEALS FOR MOST EVENTS AND PLU FUNCTIONS. 17497000 1.) OPERATIONS AND MAINTENANCE OF PLANT INCLUDING DEPRECIATION, INTEREST EXPENSE AND AMORTIZATION 2.) 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THRU 03/16/2019 1.00 X 0 0 0 L ALLAN BELTON PRESIDENT 40.00 X X 296372 0 30084 STEVEN WHITEHOUSE TREASURER - THRU 01/03/2019 40.00 X 125266 0 22549 SUE LIDEN TREASURER - THRU 03/31/2019 40.00 X 0 0 0 PATRICK GEHRING TREASURER - AS OF 04/01/2019 40.00 X 0 0 0 JOANNA GREGSON PROVOST 40.00 X 180814 0 29479 JOANNA ROYCE-DAVIS VICE PRESIDENT 40.00 X 192567 0 31419 DANIEL LEE VICE PRESIDENT 40.00 X 178208 0 29738 CHUNG-SHING LEE DEAN 40.00 X 153760 0 28717 CAMERON BENNETT DEAN 40.00 X 152606 0 25260 JAN LEWIS ASSOCIATE PROVOST 40.00 X 149824 0 23687 GEOFFREY FOY ASSOCIATE PROVOST 40.00 X 136382 0 25564 1565799 0 246497 44 0 1 0 JT TECH INC 13715 E KRONQUIST RD SPOKANE WA 99217 INFORMATION TECHNOLOGY 229618 MCKINSTRY ESSENTION LLC PO BOX 3895 SEATTLE WA 98124 GENERAL CONTRACTOR 228349 ELLUCIAN COMPANY LP 62578 COLLECTION CENTER DR CHICAGO IL 60693 SOFTWARE MAINTENANCE 222525 PEASE & SONS INC PO BOX 44100 TACOMA WA 98444 GENERAL CONTRACTOR 185049 VECA ELECTRIC & TECHNOLOGIES LLC PO BOX 80467 SEATTLE WA 98108 ELECTRICAL CONTRACTOR 176667 16 566500 2247453 7698593 279762 10512546 TUITION AND FEES 611600 124362033 124362033 AUXILIARY ENTERPRISES 611710 16075312 16075312 OTHER ACADEMIC SUPPORT & STUDENT 611710 1292159 973281 318878 141729504 2260672 2260672 238101 80564 157537 157537 157537 101599740 101374873 9063 224867 -9063 215804 215804 154876063 141410626 318878 2634013 63938681 63938681 1074881 684240 390641 46327500 38483904 6330304 1513292 3497484 2942841 458869 95774 6578283 5453317 912176 212790 3532852 2910603 500746 121503 106023 106023 147905 147905 89730 89730 3734760 3121222 554207 59331 716915 607480 101615 7820 7698854 6523821 1091049 83984 2280280 1932199 323207 24874 2874528 2260420 585009 29099 4345615 3682265 615947 47403 809947 686310 114802 8835 1975159 1673654 279959 21546 5246427 4445569 743628 57230 963865 816733 136618 10514 STUDY AWAY FEES 1360553 1360553 MINOR EQUIPMENT PURCHAS 688337 583263 97565 7509 DUES & SUBSCRIPTIONS 463867 393059 65748 5060 PRIZES AND AWARDS 72918 61788 10335 795 158525364 141877682 13949682 2698000 20900 20900 2092426 3382966 1390941 1961826 4173506 3212399 6717081 6020788 317504 336385 881558 1067972 217252982 88684693 130323541 128568289 70670768 67229298 30600456 26292879 3106034 3005562 250294715 241099264 8382267 8207744 56974398 55680977 1038819 1005765 13581 1698 17496716 16437697 83905781 81333881 X 72884634 71134326 10799795 7823480 82704505 80807577 166388934 159765383 250294715 241099264 X -3649301 -458894 -2515356 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150 358680 150 0 X EDUCATION 1 0 1 X 99812716 1651000 1580000 2150000 3343716 334767 97215233 95235419 4084331 6393280 2184131 3329671 386512 99812716 80499771 10241364 8396228 2235967 1435360 230617 95235419 85581439 2373824 -2054389 2322581 2749633 328889 80499771 84365076 3285490 2136985 4002319 203793 85581439 0.14270 0.83120 0.02610 1 0 10288729 762723 11051452 168427644 64066948 104360696 3161813 1798787 1363026 16518910 11992227 4526683 18093163 10826731 7266432 128568289 671260 C 1843672 F ALTERNATIVE INVESTMENTS 1082324 F INVESTMENTS HELD BY OTHERS 12491861 F INVESTMENTS HELD IN TRUST 10203762 F 26292879 DEPOSIT ACCOUNTS 2040606 ANNUITIES PAYABLE 4963622 RETIREMENT OBLIGATION 1171144 GOVERNMENT GRANTS REFUNDABLE 8262325 16437697 X 87756232 -458894 -2515357 -2974251 90730483 64145580 64145580 154876063 94379784 0 94379784 64145580 64145580 158525364 PART III, LINE 4: THE UNIVERSITY'S COLLECTION CONSISTS OF THORNILEY PRINTING PRESS, CLAVIS SCRIPTVRAE SERMONS AND COMMENTARIES ON THE WRITINGS OF ST. AUGUSTINE. THESE ARE HELD FOR EDUCATION PURPOSES WHICH IS THE MAIN EXEMPT PURPOSE OF THE UNIVERSITY. PART IV, LINE 2B: PLU IS THE CUSTODIAN OF VARIOUS AGENCY, CHARITABLE REMAINDER UNITRUST, AND GIFT ANNUITY FUNDS, OF WHICH ALL OR A PORTION IS DUE TO AN OUTSIDE PARTY. AGENCY FUNDS ARE HELD IN PLU'S MAIN BANK ACCOUNT AND CHARITABLE REMAINDER UNITRUSTS AND GIFT ANNUITIES ARE INVESTED WITH CHARLES SCHWAB. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: TO FUND SCHOLARSHIPS, UNDERGRADUATE RESEARCH, EQUIPMENT, LECTURES, ATHLETIC FACILITIES, FACULTY POSITIONS, GLOBAL EDUCATION AND OTHER UNIVERSITY PROGRAMS AS DESIGNATED BY OUR DONORS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -898,709. UNREALIZED GAIN ON INTEREST RATE SWAP -1,616,648. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 63,938,681. ENDOWMENT EXPENSES, NET WITH REVENUE ON BOOKS 206,899. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 63,938,681. ENDOWMENT EXPENSES, NET WITH REVENUE ON BOOKS 206,899. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY REMAINED RESOLUTE IN COMPLIANCE WITH THE POLICY DURING FYE19. THE FULL POLICY WAS PUBLISHED IN THE TACOMA NEWS TRIBUNE ON APRIL 16, 2019. 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. SCHEDULE E, PART I, LINE 6 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. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 4 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 705345 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 161239 EAST ASIA AND THE PACIFIC 0 8 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 105738 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 336 NORTH AMERICA (CANADA AND MEXICO) 0 4 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 154333 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 117600 CENTRAL AMERICA AND THE CARIBBEAN 0 2 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 121393 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 330921 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 204475 0 20 0 0 0 20 1696905 204475 1901380 1 0 1 1 1 0 PART IV FOREIGN OWNERSHIP INTERESTS ARE HELD INDIRECTLY THROUGH ALTERNATIVE PARTNERSHIP INVESTMENTS. INVESTMENTS HAVE BEEN ANALYZED FOR POTENTIAL FOREIGN FORM FILING REQUIREMENTS AND FILED AS REQUIRED. 1 MERIT BASED STUDENT SCHOLARSHIPS AND GRANTS 2578 48514000 NEEDS BASED STUDENT SCHOLARSHIPS AND GRANTS 1797 13723000 FEDERAL NEEDS BASED STUDENT SCHOLARSHIPS AND GRANTS 1012 1153000 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. 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FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED AND REVIEWED BY STAFF AND EXTERNAL ACCOUNTING FIRM. THE FORM WAS THEN PROVIDED AND REVIEWED BY THE ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PACIFIC LUTHERAN UNIVERSITY ANNUALLY REQUIRES BOARD MEMBERS AND KEY EMPLOYEES TO COMPLETE CONFLICT OF INTEREST SURVEYS. 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, APPROVED AND NOTED IN MINUTES ANNUALLY BY A COMPENSATION COMMITTEE OF THE BOARD. ALL OTHER POSITIONS ARE REVIEWED BY AN IMMEDIATE SUPERVISOR. THE ASSOCIATE VICE PRESIDENT OF HUMAN RESOURCES ASSEMBLES AND REVIEWS COMPARABLE DATA FROM THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED ON PLU'S WEBSITE AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST -898,709. UNREALIZED GAIN ON INTEREST RATE SWAP -1,616,647. BENSON FAMILY FOUNDATION PO BOX 3168 PORTLAND OR 97208 203039538 SUPPORTING ORGANIZATION FOR PLU OR 501(C)(3) LINE 12D, III-O 0 GARFIELD COMMONS LLC 2001 WESTERN AVE SUITE 330 SEATTLE WA 98121 651266546 COMMERCIAL RETAIL RENTAL WA PACIFIC LUTHERAN UNIVERSITY EXCLUDED 128094 4174226 0 0 1.00000 CHARITABLE REMAINDER UNITRUSTS (22) CHARITABLE TRUST WA T 0 LIFE INCOME TRUSTS (3) CHARITABLE TRUST WA T 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 BENSON FAMILY FOUNDATION C 566500 CASH GARFIELD COMMONS LLC K 223005 CASH