2019-05-14T14:57:33-07:00 2018-06-30 911194016 Clark Nuber PS 10900 NE 4th Street Suite 1400 Bellevue WA 98004 990 2017-07-01 910565006 SEATTLE UNIVERSITY SEAT 2062966150 901 12th Avenue Seattle WA 981221090 Andrew O'Boyle Assoc VP for Fin and Investments 2062966149 2019-05-14 1 Sara Elizabeth J Hyre P00235495 4254544919 2019-05-14 65.158.230.194 2017 2019-02-21 02:37:17Z Stephen V Sundborg SJ President 901 12th Avenue Seattle WA 98122 340895893 0 X www.seattleu.edu X 1891 WA Seattle University, an institution of higher education, is dedicated to educating the whole person, to professional formation, and to empowering leaders for a just and humane world. (Continued on Schedule O. Statement 1) 36 34 4220 60 0 302516 31388509 32506765 284583450 286062296 4949199 10581399 -425982 -201397 320495176 328949063 86281823 90870350 0 0 148209072 150945728 0 0 4669193 81448483 78840135 315939378 320656213 4555798 8292850 704923991 733212245 173912324 186155092 531011667 547057153 Seattle University is dedicated to educating the whole person, to professional formation, and to empower leaders for a just and humane world. 0 0 264587513 90870350 286062296 Seattle University, founded in 1891, is a Jesuit Catholic university and law school located on 50 acres in Seattle's Capitol Hill neighborhood. More than 7,200 students are enrolled in undergraduate and graduate programs within eight schools and colleges. In the academic year 2017-18, the University enrolled 7,291students and awarded 1245 bachelor's degrees or equivalents, 187 post-baccalaureates, 812 master's degrees, 17 post-master's certificates, and 229 professional degrees. Awards and high rankings for academic rigor, sustainability, community service, and social justice are among Seattle University's touchstones of excellence. One of them is a Presidential Award from the White House for community service, a recognition received by only five universities. Here's a look at many of the honors bestowed on the university. Seattle University is among the best colleges and universities in the nation for producing successful graduates, investing in the student experience and fostering student success, according to The Wall Street Journal/Times Higher Education College 2018 Ranking. The rankings highlighted the top 200 institutions among 1,000 it reviewed nationwide. Seattle University is one of the top universities in the West, according to U.S. News & World Report: Best Colleges 2018. The university ranks seventh for its full range of undergraduate, Master's and select doctoral degree programs. The university consistently has earned a spot in the West's top 10 for 18 years. For the 18th year in a row, Seattle University is one of the top universities in the West, according to U.S. News & World Report: Best Colleges 2019. Nationally, Seattle U ranks #26 for Best Engineering Schools. Its undergraduate business program continued to be among the top in the Northwest with its accounting and finance programs in the top 5 nationally. In the West, Seattle U is #4 in best colleges for veterans. Three Albers School of Business and Economics graduate programs achieved high rankings. The Executive MBA program is #11 in the nation and is the top-ranked EMBA program in the Northwest. It consistently ranks in the Top 25 by U.S. News. The accounting program was tied for #1 in the Northwest and #14 in the nation. It, too, has been consistently ranked in the U.S. News Top 25. Additionally, the part-time Professional MBA ranks #2 in the Northwest and #75 in the country. The School of Law's Legal Writing program ranked #1 by U.S. News for several years running, again took the top spot in the nation. The clinical training program is tied for #18 nationally and is the only one in the Northwest to achieve the distinction of being in the Top 20. The part-time JD degree program is one of only two Northwest programs to make the top 25 list in the nation. Additionally, the School of Law is among the most diverse in the country. The Fiske Guide to College Consulted by millions of prospective students and their families, the selective guide highlights the "best and most interesting schools" in the U.S., Canada, and Great Britain to be included and Seattle University is among them. The guide is compiled by former New York Times education editor Edward Fiske, a leading independent voice in college admissions. Colleges of Distinction, a college guide that takes into account the success of graduates, the quality of teaching, graduation rates, class size, and campus atmosphere, features Seattle University in its latest edition. High school college counselors nominate colleges and universities for inclusion in the national guide. Fewer than half of those considered are selected to be in the guide. Catholic Colleges of Distinction also showcases Seattle University among those schools that excel at four distinctions: engaged students, great teaching, vibrant communities, and successful outcomes. College Factual ranks Seattle University in the top 5% in the nation for successfully delivering an education in liberal arts/science and humanities with graduates among the top earners in the U.S. Starting wages rival those of new graduates from elite Ivy League schools, according to College Factual, which challenges the status quo to help prospective students make better decisions about college. Seattle University ranked #1 among private universities nationwide for increasing graduation rates and closing gaps between Hispanic and Caucasian students. The report came from The Education Trust, which also ranked Seattle University #2 for increasing the overall graduation rate of Hispanic students by 31.7 percent during a six-year period (2004-10). Seattle University is the only private school in Washington State among the top 25 with increased Hispanic graduation rates and the only Jesuit school in the nation to make the list. The National Science Foundation Graduate Research Fellowship, prestigious multi-year funding program, supports graduate-level researchers in the physical and social sciences. Nine Seattle University students have been selected in the past decade. In 2012, the White House honored Seattle University with the Presidential Award for community service, the highest recognition by the federal government to a college or university for its civic engagement, service learning, and volunteerism. The university was one of only five universities in the nation to receive this honor and the only university cited as a Promise Neighborhoods recipient for coordinated, wrap-around, youth-focused service that supports the educational and social needs of youth. A Seattle Times editorial called out the award and noted, "Seattle University serves as a national example of the difference higher education can make on its neighbors." Then again in 2015-Seattle University set a precedent by earning national recognition for the third consecutive year, making the President's Higher Education Community Service Honor Roll with distinction. The accolade acknowledges the university's overall commitment to service as well as its significant work to implement the Seattle University Youth Initiative, which unites the university and wider community in a long-term commitment to building a better future for young people starting with pre-kindergarten and continuing through college. In 2015, Seattle University once again was honored by the President's Higher Education Community Service Honor Roll in the following areas: Interfaith community service - one of four finalists for the top award in this category; general community service - honor roll with distinction; education - honor roll; and economic opportunity - honor roll. Among master's universities, Seattle University ranks in the top 5 in the nation for the number of staff supporting community service, the number of academic courses that incorporate service as well as scholarships for community service, according to Washington Monthly. Washington Monthly also included Seattle University in its top 10 based on the number of alumni who go on to serve in the Peace Corps, relative to school size. 15 alumni served in the Peace Corps worldwide in 2014, SU tied for sixth. A total of 357 SU alumni have served since the Peace Corps began in 1961. Four out of five Seattle University undergraduate students serve the community through volunteer activities, internships, and professional development. In all, students contribute more than 132,000 hours of volunteer service annually, with an economic value of more than $3.6 million. Eighty percent of Seattle U undergraduates take a course with a service-learning component at some point during their time at the university. Seattle University's students volunteer at more than three times the national average. A major focus of service is the Seattle University Youth Initiative, a pipeline of support for the success of young people starting in pre-kindergarten and continuing through college. The initiative's first effort is its long-term commitment to improving the academic achievement of low-income youth in the Bailey Gatzert neighborhood just south of campus. Seattle University achieved a Gold rating for sustainability from the Association for the Advancement of Sustainability in Higher Education's (AASHE) 2018 Sustainability Tracking, Assessment & Rating System (STARS). SU is ranked #3 nationally for its sustainability curriculum in AASHE's. 0 0 0 264587513 1 1 0 1 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 1 9442 0 1 4220 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 34 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X Andrew O'Boyle 2062966149 901 12th Avenue Seattle WA 981221090 Kathleen H Aikenhead Trustee 0.5 0 X 0 0 0 Rodney A Bench Trustee 0.5 0 X 0 0 0 Maureen Benoliel Trustee 0.5 0 X 0 0 0 Robert H Blais Trustee 0.5 0 X 0 0 0 Ann Blume Trustee 0.5 0 X 0 0 0 Mark G Bosco SJ Trustee 0.5 0 X 0 0 0 David W Burcham Trustee 0.5 0 X 0 0 0 Peter W Chiarelli Trustee 0.5 0 X 0 0 0 Allan C Golston Trustee 0.5 0 X 0 0 0 Donald J Horowitz Trustee 0.5 0 X 0 0 0 Thomas M Lucas SJ Trustee, Prof Arts and Sciences 37.5 0 X 50733 0 0 Michael C McCarthy SJ Trustee 0.5 0 X 0 0 0 Killian Noe Trustee 0.5 0 X 0 0 0 William A Owens Trustee 0.5 0 X 0 0 0 Nicole W Piasecki Trustee, Vice Chair of the Board 0.5 0 X 0 0 0 Robert A Ratliffe Trustee, Chair of the Board 0.5 0 X 0 0 0 Scott Redman Trustee 0.5 0 X 0 0 0 Pete J Rose Trustee 0.5 0 X 0 0 0 David Sabey Trustee 0.5 0 X 0 0 0 Stevens U Trainer Trustee 0.5 0 X 0 0 0 John H Vassall II Trustee 0.5 0 X 0 0 0 Eric Watson SJ Trustee, Assist Prof Science and Engineering 37.5 0 X 71509 0 0 Jeffrey J Wright Trustee 0.5 0 X 0 0 0 Joseph Gaffney Trustee 0.5 0 X 0 0 0 Pat Kennedy Trustee 0.5 0 X 0 0 0 Steve Knight Trustee 0.5 0 X 0 0 0 Ruth Tressel Trustee 0.5 0 X 0 0 0 Stephen V Sundborg SJ Trustee (ex officio), President 37.5 0 X X 448000 0 0 Patrick J Callans Trustee 0.5 0 X 0 0 0 Brenda Christensen Trustee 0.5 0 X 0 0 0 Ezra Teshome Trustee 0.5 0 X 0 0 0 Fr Kevin O'Brien SJ Trustee 0.5 0 X 0 0 0 Russell Hagen Trustee 0.5 0 X 0 0 0 Bob Grimm SJ Trustee 0.5 0 X 0 0 0 Maureen Brotherton Trustee 0.5 0 X 0 0 0 Drew Herdener Trustee 0.5 0 X 0 0 0 Marilyn Ann Crone VP for Enrollment Mgt 37.50 0.00 X 220058 0 29265 Constance R Kanter CFO/VP for Fin and Business Affairs 37.5 0 X 263616 0 63298 Timothy P Leary Executive Vice President 37.5 0 X 254091 0 33455 Michele C Murray VP of Student Dev 37.5 0 X 99597 0 12859 Mary S Petersen VP and University Counsel 37.5 0 X 251096 0 35564 Michael W Podlin VP University Advancement 37.5 0 X 269038 0 34380 Scott K McClellan VP, Communications 37.5 0 X 182078 0 34736 Michelle Clements VP, Human Resources 37.5 0 X 201810 0 24527 Christopher Van Liew VP/CIO 37.5 0 X 206560 0 41321 Natasha Martin VP, Diversity & Inclusion 37.5 0 X 164144 0 32095 Alvin Sturdivant VP, Student Development 37.5 0 X 161376 0 23554 Robert J Dullea VP Planning and Vice Prov 37.5 0 X 255443 0 34064 Annette E Clark Dean 37.5 0 X 315082 0 34045 Joseph M Phillips Jr Dean 37.5 0 X 274089 0 38711 David V Powers Dean 37.5 0 X 201024 0 30636 Michael Jay Quinn Dean 37.5 0 X 200259 0 33132 Deanna J Sands Dean 37.5 0 X 199866 0 21018 Kristen M Swanson Dean 37.5 0 X 247995 0 32775 Charles O'Kelley Rt Professor 37.5 0 X 311184 0 35738 David Michael Skover Professor 37.5 0 X 212468 0 28492 James Hayford Coach Head, Bball-Mens 37.5 0 X 279264 0 47495 Robert Chang Professor, Law 37.5 0 X 208670 0 39418 Janet Ainsworth Law Professor 37.5 0 X 205383 0 26223 Cameron Dollar Former head Men's Basketball Coach 0 0 X 1052678 0 32003 6807111 0 798804 234 1 1 0 Ellucian Company LP 62590 Collections Center Dr Chicago IL 60693 Information technology services 4544452 W Lease Lewis Company 220 Western Ave Ste 500 Seattle WA 98121 Leasing company 4091140 Robert Ferrilli LLC Suite 7 41 South Haddon Ave Haddonfield NJ 08033 Technology consulting 1808581 Witt Fiala Flannery & Assoc PO Box 958204 St Louis MO 63195 Janitorial services 1299549 WFF Facility Services 211 south Jefferson Ave Saint Louis MO 63103 Facility service 1231876 84 0 0 1261993 0 8443154 22801618 8701641 32506765 Tuition and fees 611310 262915523 262915523 0 0 Auxiliary 611310 15211622 15211622 0 0 7935151 7935151 0 0 286062296 2171656 0 0 2171656 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19598164 0 11188421 0 8409743 0 8409743 0 0 8409743 557012 1261993 758409 -201397 0 -201397 0 0 0 0 0 0 0 0 0 0 0 0 0 328949063 286062296 0 10380002 0 0 90870350 90870350 0 0 0 0 6072208 3462530 2609678 0 0 0 0 0 109571060 90093902 16997411 2479747 9778988 7917394 1645195 216399 16859280 13650285 2835904 373091 8664192 7014889 1457572 191731 0 39369 604 38765 0 230071 22839 207232 0 15070 0 15070 0 0 0 1243619 0 1243619 0 6940657 4233894 2253009 453754 2740237 1930546 430577 379114 3654661 1660234 1786013 208414 7451451 4736851 2649410 65190 0 0 0 0 5121307 5060428 60838 41 4691815 4405732 254067 32016 0 0 0 0 3590098 2682995 734853 172250 4735301 3485774 1249527 0 0 0 0 0 16281204 12782631 3498573 0 1860747 188386 1672361 0 Supplies 4405471 3737858 619271 48342 Retail services 5557261 5332915 222741 1605 Misc 6732339 1316476 5368364 47499 Loss on debt refinancing 3549457 0 3549457 0 320656213 264587513 51399507 4669193 22867005 27693703 87507607 76735354 35343002 31344919 8181407 7514420 0 0 0 0 6500264 6948730 37224 37224 4800388 2553777 518412085 201873044 312822337 316539041 50952395 64276079 152175569 157989090 0 0 0 0 23736793 41579908 704923991 733212245 24924683 20380312 0 0 6232322 4134055 123791611 123626389 2291089 1966570 0 0 0 0 0 0 16672619 36047766 173912324 186155092 X 293024778 293279251 104651753 109239244 133335136 144538658 531011667 547057153 704923991 733212245 8292850 5951821 0 0 1800815 0 X 0 1 X 1 1 1 X 44574763 40326490 42391107 31388509 32506765 191187634 0 0 0 0 0 0 0 0 0 0 0 0 44574763 40326490 42391107 31388509 32506765 191187634 30735225 160452409 1518202 2998139 1714068 8989443 2171656 17391508 0 47212 0 0 101119 148331 0 0 0 0 0 0 208727473 1360743586 0.76872 0.7533 X 0 1 0 0 0 0 1 15070 0 0 15070 0 Schedule C, Part II-B, Line 1 The University pays membership dues to organizations which engage in some lobbying activities. The amount disclosed in line 1g includes $10,404.28 of dues attributable to lobbying activities. Line 1g also includes $909.40 in travel costs related to lobbying activities. 0 0 X X X 0 0 1 X 224040504 11338957 14510656 0 8706316 0 241183801 194997046 13502500 21483116 0 5942158 0 224040504 201582730 9135020 -7129179 0 8591525 0 194997046 210641538 3626479 -4845295 0 7839992 0 201582730 184731072 10609736 27954071 0 12653341 0 210641538 0.26 0.6 0.14 0 0 0 62420644 62420644 0 363653627 148676972 214976655 0 4900821 3988568 912253 0 40720777 16981737 23739040 0 46716216 32225767 14490449 316539041 0 F 0 F Collective investments funds 67550917 F Hedge funds 23673992 F Private equity partnerships 17734734 F Separately invested 19967488 F US Treasury Strips 28561959 F Other 500000 F 157989090 Capital leases 20857098 Construction in progress 4909212 Third party trust 2078937 Split interest agreements 13734661 41579908 US Government loan funds 5007886 Liabilities under split-interest agreement 8562779 Unrealized loss on int. rate swap agreement 858233 Asset retirement obligation 583998 Capital lease liabilities 21034870 36047766 X 244788943 5951821 0 0 -90870350 -84918529 329707472 0 -758409 -758409 328949063 230544272 0 0 0 758409 758409 229785863 0 90870350 90870350 320656213 Schedule D, Part III, Line 1 The University holds various collections that are made up of artifacts of historical significance and art objects that are held for educational, research, scientific, and curatorial purposes. Each item is cataloged, preserved, and maintained to ensure their original condition is maintained. Collections, which have been acquired through purchases and contributions to the University, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as the items are restricted by donors. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset class. No collection items were deaccessioned in the years ended June 30, 2018 or 2017. Schedule D, Part III, Line 4 The artifacts in the University's collections are used for instructional and research purposes. Schedule D, Part IV, Line 2b The University receives cash deposits on behalf of various student clubs. Funds are disbursed on behalf of those clubs for various items such as printing, mailing, audio/visual equipment rentals, and catering. Schedule D, Part V, Line 4 The University invests endowment funds to provide income to support educational activities, either as a result of donor-imposed restrictions or as a result of designations by the Board of Trustees. Schedule D, Part X, Line 2 The University has considered the impact of ASC 740, Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities, and after review of the potential impact of various tax provisions, it was determined that no potential liability exists for those positions. Schedule D, Part XI, Line 2d For financial statement purposes, the University deducts student aid expense of $90,870,350 from gross tuition and fees to derive net tuition and fees. Schedule D, Part XI, Line 4b The University treats special event fundraising expense of $758,409 a reduction of revenue in Part VIII and accounted for as an expense in the University's audited financial statements. Schedule D, Part XII, Line 2d The University treats special event fundraising expense of $758,409 as a reduction of revenue in Part VIII and accounted for as an expense in the University's audited financial statements. Schedule D, Part XII, Line 4b For financial statement purposes, the University deducts student aid expense of $90,870,350 from gross tuition and fees to derive net tuition and fees. 1 1 1 1 1 1 1 0 0 0 1 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University's Nondiscrimination Policy is prominently displayed on its public website and in all brochures, publications, and catalogs dealing with student admissions, programs, and scholarships. Schedule E, Part I, Line 5 The University's overall financial aid program consists of many grants, loans or other forms of support from private and public sources. Within the larger context of its overall financial aid program, the University relies upon the generous support of individuals, organizations and local businesses to fund scholarship programs to assist the recruitment and retention of racially, ethnically, geographically, socially, and economically diverse students. These programs are narrowly tailored and are premised on an interest in achieving the educational benefits of a diverse student body as recognized by the University's Board of Trustees. Schedule E, Part I, Line 6 The University receives federal, state, and foundation grants for academic activities, research, student financial aid, student loan, and work-study program. Central America and the Caribbean 0 0 Investments Investments (fair market value as of June 30, 2018) 15706650 Europe (including Iceland and Greenland) 0 0 Program Services Study abroad 701372 Central America and the Caribbean 0 0 Program Services Study abroad 137561 South America 0 0 Program Services Study abroad 12518 0 0 16558101 1 0 1 0 1 0 Annual Gala 841213 641838 199375 0 0 3440 143983 151678 40834 Red Tie 603850 391239 212611 0 0 0 61864 5000 167064 3 373942 228916 145026 0 0 13117 60710 2525 108194 1819005 1261993 557012 0 0 16557 266557 159203 316092 758409 -201397 1 Grants and scholarships funded from Endowments 1004 0 14462725 Book Financial aid Grants and scholarships funded from gifts from private donors 534 0 3066894 Book Financial aid Grants and scholarships funded from private governmental institutions. 522 0 1534046 Book Financial aid Grants and scholarships funded from institutional funds 5062 0 71806685 Book Financial aid Schedule I, Part I, Line 2 The University's Enrollment Services Division, Office of Student Financial Services, and Office of Research Services and Sponsored Projects responsible for the administration of all grants and student aid according to current law, regulations, and policies prescribed by grantors. The University is subject to annual audits conducted in accordance with OMB Circular A-133. X X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 Michelle Clements VP, Human Resources 201810 0 0 0 0 0 9167 0 15360 0 226337 0 0 0 Marilyn Ann Crone VP for Enrollment Mgt 220058 0 0 0 0 0 22220 0 7045 0 249323 0 0 0 Constance R Kanter CFO/VP for Fin and Business Affairs 263616 0 0 0 0 0 27000 0 36298 0 326914 0 0 0 Timothy P Leary Executive Vice President 254091 0 0 0 0 0 26030 0 7425 0 287546 0 0 0 Natasha Martin VP, Diversity & Inclusion 164144 0 0 0 0 0 17574 0 14522 0 196240 0 0 0 Scott K McClellan VP, Communications 182078 0 0 0 0 0 19430 0 15306 0 216814 0 0 0 Mary S Petersen VP and University Counsel 251096 0 0 0 0 0 25730 0 9834 0 286660 0 0 0 Michael W Podlin VP University Advancement 269038 0 0 0 0 0 27000 0 7380 0 303418 0 0 0 Alvin Sturdivant VP, Student Development 161376 0 0 0 0 0 15970 0 7584 0 184930 0 0 0 Christopher Van Liew VP/CIO 206560 0 0 0 0 0 11917 0 29404 0 247881 0 0 0 Charles O'Kelley Rt Professor 311184 0 0 0 0 0 27000 0 8738 0 346922 0 0 0 James Hayford Coach Head, Bball-Mens 279264 0 0 0 0 0 20625 0 22370 0 322259 0 0 0 Janet Ainsworth Law Professor 205383 0 0 0 0 0 20882 0 5341 0 231606 0 0 0 Annette E Clark Dean 315082 0 0 0 0 0 27000 0 7045 0 349127 0 0 0 Robert J Dullea VP Planning and Vice Prov 255443 0 0 0 0 0 26000 0 8064 0 289507 0 0 0 Joseph M Phillips Jr Dean 274089 0 0 0 0 0 27000 0 11711 0 312800 0 0 0 David V Powers Dean 201024 0 0 0 0 0 20803 0 9834 0 231661 0 0 0 Michael Jay Quinn Dean 200259 0 0 0 0 0 20829 0 12303 0 233391 0 0 0 Deanna J Sands Dean 199866 0 0 0 0 0 20088 0 930 0 220884 0 0 0 Kristen M Swanson Dean 247995 0 0 0 0 0 25395 0 7380 0 280770 0 0 0 Stephen V Sundborg SJ Trustee (ex officio), President 448000 0 0 0 0 0 0 0 0 0 448000 0 0 0 Cameron Dollar Head Mens Basketball Coach 37741 0 0 0 1014937 0 4167 0 15336 0 1072181 0 0 0 David Michael Skover Professor 212468 0 0 0 0 0 21465 0 7027 0 240960 0 0 0 Robert Chang Professor, Law 208670 0 0 0 0 0 22096 0 17322 0 248088 0 0 0 Schedule J, Part I, Line 1a The University paid $5,345.00 in club dues for certain officers and other employees for business-related purposes as follows: Rainier Club ($2140.00): Annette Clark $550.00, Stephen V. Sundborg SJ $1590.00; Rotary Club ($2205.00): Joseph M. Phillips Jr $1980.00, Phillip Thompson $225.00; University Club Stephen V. Sundborg SJ $1,100.00; Washington Athletic Club ($100.00): Stephen V. Sundborg SJ $50.00 Micheal Podin $50.00. Schedule J, Part I, Line 4 The University exercised its right under an employment contract with Cameron Dollar to terminate his employment without cause and paid him $1,000,000 upon termination as required by the contract. A Washington Higher Education Facilities Authority 911306482 939781A26 2008-03-20 26595000 Refunding 0 0 0 B Washington Higher Education Facilities Authority 911306482 939781J68 2011-09-01 15230000 Refunding 0 0 0 C Washington Higher Education Facilities Authority 911306482 2015-09-11 54815000 Refunding 0 0 0 D Washington Higher Education Facilities Authority 911306482 939781X47 2017-12-27 41860000 Refunding 0 0 0 A 10980000 0 26595000 0 0 0 373275 0 0 0 26221275 0 2008 1 0 1 1 B 3665000 0 15230000 0 0 0 530137 0 0 0 14699863 0 2011 1 0 1 1 C 3128000 0 54815000 0 0 0 510476 0 0 0 54304524 0 2015 1 1 1 1 D 0 0 41860000 0 0 0 430249 0 0 0 41429751 0 2017 1 1 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 1 1 Bank of New York 2.9 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part IV, Line 2c-03/20/2008 26,595,000 Washington Higher Education Facilities Authority All rebate has been paid. Schedule K, Part IV, Line 2c-09/01/2011 15,230,000 Washington Higher Education Facilities Authority All rebate has been paid. Schedule K, Part IV, Line 2c-09/11/2015 54,815,000 Washington Higher Education Facilities Authority All rebate has been paid. Schedule K, Part IV, Line 2c-12/27/2017 41,860,000 Washington Higher Education Facilities Authority All rebate has been paid. Sabey Construction Entity which Trustee Sabey served as an officer during the year. 848222 Lease with Sabey Construction for Life science lab and office space 0 Yobi Apartments Entity which Trustee Teshome served as a Trustee during the year. 365893 Yobi apartment lease 0 Erin Swezey Ms. Swezey is married to Timothy Leary, the University's Executive Vice President 44532 Ms. Swezey is a member of the faculty of the College of Education 0 X 6 65406 FMV X 69 8390574 FMV X Auction Items 475 206682 FMV X Dell laptop computers 20 37434 FMV X Costume items for the Lee Center costume shop 12 1545 FMV 0 0 1 0 Schedule M, Part I, Line 9 The amount reported in Schedule M, Part I, column B line 9 represents the number of contributions during the year. Form 990, Part VI, Section A, Line 6 Seattle University is a Washington nonprofit corporation governed by a Board of Trustees that is responsible for the overall management of the affairs of the University. As a nonprofit member corporation established under Washington state law, the University has a Board of Members. The University has seven members. Each member is required to be in good standing in the Society of Jesus. The seven members include the following: the Rector of the Seattle University Jesuit Community and six Jesuits from among those under contract at Seattle University. The President, Provost and any Vice President of Seattle University are ineligible to be a member. Members are elected by Jesuits currently under contract at Seattle University. Form 990, Part VI, Section A, Line 7a As a nonprofit member corporation established under Washington state law, the University has a Jesuit Board of Members. The principal duty of the Jesuit Board of Members is to ensure furtherance of the work of Catholic higher education in accordance with the traditions and ideals of the Society of Jesus. The Jesuit Board of Members has the power to select three Jesuit trustees to serve on the Board of Trustees, which is the governing board of the university. The Board of Trustees consists of that number of Trustees determined from time to time by the Board of Trustees, but which number shall not be less than 30 nor more than 40 voting members. At least six of the Trustees shall belong to the Society of Jesus. As stated above, the Jesuit Board of Members selects three of those six Jesuit Trustees. All other Trustees are elected upon nomination of the Trusteeship Committee by a majority of the Trustees in attendance at the annual meeting of the Board, unless a different date is set by the Board of Trustees Form 990, Part VI, Section A, Line 7b The Bylaws of Seattle University provide that the principal duty of the Jesuit Members, consistent with the apostolate of the Jesuit community at the University, is to assure furtherance of the work of Catholic higher education in accordance with the traditions and ideals of the Society of Jesus. The Board of Trustees has the final responsibility for the governance of the University in all matters, with the exception of the following: (a) The majority vote of the Board of Trustees and the approval of at least two-thirds of the votes of the Jesuit Board of Members are required to amend the Articles of Incorporation. The majority vote of each of the Board of Trustees and the Jesuit Board of Members is required to alter, amend, or repeal the Bylaws. The Jesuit Board Members may delegate its authority to approve amendments of the Bylaws to the Board of Trustees; (b) The majority vote of the Jesuit Board of Members is required for the sale or lease of any corporate properties having a fair market value in excess of fifteen million dollars; (c) The Jesuit Board of Members shall elect three Jesuits to Service on the Board of Trustees; and (d) Approval of the Board of Trustees and at least 2/3rds of the Jesuit Board of Members is required to approve any plan of dissolution and distribution, as provided in the Articles of Incorporation. Form 990, Part VI, Section B, Line 11b Each voting member of the Board of Trustees was provided with an electronic copy of Form 990 and supporting schedules prior to filing with the IRS. The Audit Committee of the Board met to review the form and schedules as well. The form and schedules were also reviewed by appropriate officers and management, including but not limited to the CFO/VP for Finance and Business Affairs, the Associate VP for Finance and Investments, the Executive Vice President, and University Counsel. Form 990, Part VI, Section B, Line 12c The Conflict of Interest Policy for Trustees is contained in the Bylaws of the University. Trustees are informed of this policy during Trustee orientation and the annual meeting. On an annual basis, each Trustee is asked to furnish a written statement indicating whether he or she is involved in any matter that poses an actual or potential conflict of interest. Trustees are expected to update the disclosure throughout the year as may be appropriate. After a trustee's disclosure of a potential financial or other conflicts of interest, the chair of the Board of Trustees, in consultation with the University Counsel, determines whether the situation constitutes a conflict of interest requiring action by the Board. If the chair of the Board believes Board action is appropriate, the interested person must leave the Board meeting where the financial or other interest is discussed and voted upon, unless requested to stay either to respond to questions or provide information to the Board on the matter under discussion. The remaining board members decide if a conflict of interest exists and the appropriate course of action. Officers, key employees, faculty, and staff are covered by the University conflict of interest policy. Individuals are informed of this policy at the time of hire. The policy is contained in the Human Resources Policy Manual and is available to faculty and staff on the University's website. Upon identification of a potential conflict of interest, the matter is reviewed and evaluated by University officials and a determination is made regarding appropriate action. The University has also adopted the Policy for Financial Conflict of Interest Disclosure and Management for Investigators in Externally Sponsored Programs in compliance with US Department of Health and Human Services regulations (42 CFR Part 50, Subpart F) and the financial conflict of interest policies of the National Science Foundation. Finally, the Office of Finance and Business Affairs, through the Office of the Controller, reviews carefully all proposed business transactions, expenditures, and requests for reimbursements to determine compliance with University policies, including those relating to conflict of interest. Form 990, Part VI, Section B, Line 15 The University's process for determining compensation for the president, officers, and key employees includes the following elements: (1) an authorized committee of the Board of Trustees composed entirely of individuals who are unrelated to, and not subject to, the control of disqualified persons involved in the compensation arrangement; (2) reliance on appropriate comparability data, including compensation levels paid by similarly situated organizations for functionally comparable positions; the location of the University, including the availability of similar specialties in the geographic area; independent compensation surveys by nationally-recognized independent firms; and written offers from similar institutions competing for the services of the disqualified person; and (3) documentation by the authorized body that adequately documents the basis for determination concurrent with making decisions regarding the compensation arrangement. The Executive Committee of the Board of Trustees serves as the compensation committee and follows this process annually. The compensation arrangement for the President, Provost, Executive Vice President, CFO, and other members of the Cabinet was most recently reviewed on April 18, 2019. Within the institution, appropriate comparability data is also obtained and reviewed for all other officers, key employees, and any other highly-compensated employees. Form 990, Part VI, Section C, Line 19 While applicable 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 each of the foregoing available on its website, www.seattleu.edu, or upon request. Seattle University Foundation 901 12th Avenue Seattle WA 98122 911130769 Fundraising WA 501(c)(3) Type I Seattle University 1 Charitable Remainder Unitrusts (9) 900 Broadway Admin 120 Seattle WA 981224340 Investment WA Seattle University T 0 Charitable Remainder Annuity Trusts (1) 900 Broadway Admin 120 Seattle WA 981224310 Investment WA Seattle University T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0