2018-12-20T13:04:20-06:00 2018-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2017-07-01 910473310 WHITWORTH UNIVERSITY WHIT 5097774225 300 W HAWTHORNE ROAD SPOKANE WA 99251 LAWRENCE PROBUS VP, FINANCE & ADMINISTRATION 5097774225 2018-12-20 1 LAWRENCE H MOHR CPA P00447603 6128764500 2018-12-20 38.88.188.75 2018-12-20 08:51:08 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F928441D2398D0B4DCF9932C1CB380BE5D4089C9 2017 2019-02-21 02:37:17Z BECK TAYLOR 300 W HAWTHORNE ROAD SPOKANE WA 99251 173065686 0 X WWW.WHITWORTH.EDU X 1890 WA SINCE 1890, WHITWORTH HAS HELD FAST TO ITS FOUNDING MISSION OF PROVIDING "AN EDUCATION OF MIND AND HEART" THROUGH RIGOROUS INTELLECTUAL INQUIRY GUIDED BY DEDICATED CHRISTIAN SCHOLARS. RECOGNIZED AS ONE OF THE TOP REGIONAL COLLEGES AND UNIVERSITIES IN THE WEST, WHITWORTH UNIVERSITY HAS AN ENROLLMENT OF ALMOST 3,000 STUDENTS AS OF THE FALL OF 2018 AND OFFERS 60 UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS. IN RECENT YEARS, WHITWORTH HAS ENJOYED RECORD LEVELS OF STUDENT ENROLLMENT AND RETENTION, THE STRONGEST FINANCIAL POSITION IN THE UNIVERSITY'S HISTORY, AND INCREASED EXTERNAL VISIBILITY. 37 36 2370 126 -53600 0 13512757 13649926 112277220 115911804 6410748 7250413 163416 163587 132364141 136975730 48102964 50226193 0 0 48171612 47195512 0 0 2885550 31939635 30817301 128214211 128239006 4149930 8736724 293527059 303325627 101099692 97838558 192427367 205487069 SINCE 1890, WHITWORTH HAS HELD FAST TO ITS FOUNDING MISSION OF PROVIDING "AN EDUCATION OF MIND AND HEART" THROUGH RIGOROUS INTELLECTUAL INQUIRY GUIDED BY DEDICATED CHRISTIAN SCHOLARS. 0 0 92859909 50226193 102570163 WHITWORTH UNIVERSITY'S ENROLLMENT (2017-18: UNDERGRADUATE: 2,249; GRADUATE: 376. UNDER-REPRESENTED ETHNIC ENROLLMENT UNDERGRADUATE: 29.8 PERCENT. SIX-YEAR GRADUATION RATE (2017-18): 75.0 PERCENT OF FIRST-TIME, FULL-TIME STUDENTS ENROLLED IN FALL 2011 GRADUATED WITHIN SIX YEARS. FRESHMAN-TO-SOPHOMORE RETENTION RATE (2017-18): 85.1 PERCENT. THE UNIVERSITY UNDERGRADUATE STUDENT BODY HAS A COMPOSITION OF 70.2%/29.8% WHITE/NON-WHITE; 59.3%/40.7% FEMALE/MALE AND REPRESENTATION OF 42 COUNTRIES. THE UNIVERSITY OFFERS 60 UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS; THE MOST PROMINENT ARE BUSINESS/ECONOMICS, HEALTH SCIENCE, BIOLOGY, EDUCATION, MATH AND COMPUTER SCIENCE, AND PSYCHOLOGY. FISCAL YEAR 2017-18 IS ALSO THE 17TH YEAR IN A ROW THAT WHITWORTH HAS BEEN IN THE TOP RANKINGS OF U.S. NEWS AND WORLD REPORT. 7635583 7823613 STUDENT SERVICES: WHITWORTH'S RESIDENCE HALLS AND/OR ON-CAMPUS HOUSES/APARTMENTS ACCOMMODATE OVER 1,000 STUDENTS (FALL 2017). WHITWORTH HAS A TWO-YEAR RESIDENCY REQUIREMENT. THE UNIVERSITY OFFERS 9 HALLS AND 25 THEME HOUSES. STUDENT CLUBS AND ORGANIZATIONS: WHITWORTH HAS OVER 40 STUDENT CLUBS, RANGING FROM AMNESTY INTERNATIONAL TO THE HAWAIIAN CLUB. 3566946 5518028 AUXILIARY SERVICES: WHITWORTH UNIVERSITY PROVIDES DINING SERVICES TO OVER 1,100 RESIDENT STUDENTS AND TO THE MANY OTHER STUDENTS WHO LIVE OFF CAMPUS. IN FISCAL YEAR 2018, AUXILIARY SERVICES GENERATED GROSS REVENUES OF ALMOST $11 MILLION THAT HELPED SUPPORT THE ACADEMIC AND STUDENTS SERVICES PROVIDED TO THE ALMOST 3,000 UNDERGRADUATE AND GRADUATE STUDENTS REGISTERED AT THE UNIVERSITY. 104062438 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 196 0 2370 1 1 1 1 CJ CS 0 0 0 0 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 AK CA CO MA NH SC WA X X LUZ MERKEL 5097774225 300 W HAWTHORNE ROAD SPOKANE WA 99251 PETER BARNES TRUSTEE 1.00 X 0 0 0 JAMES BENNETT TRUSTEE 1.00 X 0 0 0 MARK BENSON TRUSTEE 1.00 X 0 0 0 CHARLES BOPPELL TRUSTEE 1.00 X 0 0 0 JEREMIAH CASE TRUSTEE 1.00 X 0 0 0 SCOTT CHANDLER SECRETARY 1.00 X X 0 0 0 RANDY CLARK TRUSTEE 1.00 X 12211 0 0 CLARK DONNELL CO-VICE CHAIR 1.00 X X 0 0 0 TRAVIS DOWNS TRUSTEE 1.00 X 0 0 0 SCOTT DUDLEY TRUSTEE 1.00 X 0 0 0 PHILIP EATON TRUSTEE 1.00 X 0 0 0 ANDREW ERICKSON TRUSTEE 1.00 X 0 0 0 DAVID FLESHER TRUSTEE 1.00 X 0 0 0 NICHOLAS FOWLER TRUSTEE 1.00 X 0 0 0 NANCY FOX TRUSTEE 1.00 X 0 0 0 ALYCIA GEBBERS TRUSTEE 1.00 X 0 0 0 GARY HOPKINS TRUSTEE 1.00 X 0 0 0 JOHN KAITES TRUSTEE 1.00 X 0 0 0 MICHAEL KEENAN TRUSTEE 1.00 X 0 0 0 BRIAN KIRKPATRICK TRUSTEE 1.00 X 0 0 0 ANDREA LAIRSON CO-VICE CHAIR 1.00 X X 0 0 0 DAVID MYERS TRUSTEE 1.00 X 0 0 0 DAVID NELSON TRUSTEE 1.00 X 0 0 0 WALTER OLIVER TRUSTEE 1.00 X 0 0 0 GAYLE PARKER TRUSTEE 1.00 X 0 0 0 ERIC PETERSON TRUSTEE 1.00 X 0 0 0 OCTAVIO MORALES TRUSTEE 1.00 X 0 0 0 DENICE RANDLE TRUSTEE 1.00 X 0 0 0 JENNIFER RATCLIFFE TRUSTEE 1.00 X 0 0 0 ANDREW ROBBLEE TRUSTEE 1.00 X 0 0 0 KENNETH ROBERTS TRUSTEE 1.00 X 0 0 0 JOHN SOWERS TRUSTEE 1.00 X 0 0 0 ANNE STORM TREASURER 1.00 X X 0 0 0 JASON THACKSTON BOARD CHAIR 1.00 X X 0 0 0 MARK TOONE TRUSTEE 1.00 X 0 0 0 TERRI WILSON TRUSTEE 1.00 X 0 0 0 BECK TAYLOR TRUSTEE-PRESIDENT 40.00 X X 336224 0 161895 LAWRENCE PROBUS VP FOR FINANCE AND ADMINISTRATION 40.00 X 171047 0 37697 DR CAROLINE SIMON PROVOST AND EXECUTIVE VICE PRESIDENT 40.00 X 187950 0 22950 MR GREG ORWIG VP ADMISSIONS AND FINANCIAL AID 40.00 X 137594 0 60588 DR SCOTT MCQUILKIN VP FOR INSTITUTIONAL ADVANCEMENT 40.00 X 174068 0 21646 MRS RHOSETTA RHODES VP FOR STUDENT LIFE 40.00 X 134849 0 12251 DR TIMOTHY WILKINSON DEAN, SCHOOL OF BUSINESS 40.00 X 157534 0 105329 DR NOELLE WIERSMA DEAN, COLLEGE OF ARTS & SCIENCES 40.00 X 136670 0 37990 KATHLEEN HARRELL STORM PROFESSOR - PSYCHOLOGY 40.00 X 135234 0 18272 DR DALE SODEN PROFESSOR - HISTORY 40.00 X 135100 0 17960 1718481 0 496578 30 0 1 0 SODEXO CAMPUS SERVICES 9801 WASHINGTONIAN BLVD MS 31 GAITHERSBURG MD 20878 FOOD SERVICES 3897547 AM LANDSHAPER 8004 N MARKET ST SPOKANE WA 992178107 CONSTRUCTION/LANDSCAPE 1092191 BOUTEN CONSTRUCTION COMPANY PO BOX 3507 SPOKANE WA 99220 CONSTRUCTION/LANDSCAPE 460514 ELLUCIAN COMPANY LP 4 COUNTRY VIEW RD MALVERN PA 19355 COMPUTER SERVICES 428397 ALSC ARCHITECTS PS 203 N WASHINGTON ST STE 400 SPOKANE WA 992010234 ARCHITECT 426488 19 59913 418402 855338 12316273 397281 13649926 TUITION AND FEES 611710 102563947 102563947 AUXILIARY ENTERPRISES 611710 11941793 11941793 SALES AND SERVICES 611710 1406064 1406064 115911804 4304345 -53600 4357945 148225 53853 94372 94372 94372 38913606 35967538 2946068 2946068 2946068 137780 59913 68565 69215 69215 136975730 115911804 -53600 7467600 50226193 50226193 1541284 250504 1001019 289761 33528053 23057670 9659262 811121 2235375 1488053 679384 67938 7515520 5311684 2106404 97432 2375280 1591438 712584 71258 30688 12275 17799 614 131598 131598 274979 159488 115491 1434395 788917 358599 286879 673007 471105 201902 2271302 1317355 908521 45426 2159713 1295828 799094 64791 4306 4306 3612147 2564625 1011401 36121 1970624 886781 985312 98531 1550739 930443 465222 155074 3561381 3561381 5523019 4584106 883683 55230 239722 179792 55136 4794 STUDENT/DEPARTMENT MEAL 3566946 2853557 309254 404135 EQUIPMENT/REPAIRS/OTHER 2433500 1460100 949065 24335 FED GRANT ADMIN EXPENSE 833669 820610 13059 0 SUBSCRIPTIONS, PUBLICAT 545566 246227 244622 54717 128239006 104062438 21291018 2885550 4676720 4125681 5118089 5975910 1839347 2186578 3797893 3803554 132860 114282 1562710 1704129 199810962 93507725 106990448 106303237 97310353 101470546 46789920 52288294 25308719 25353416 293527059 303325627 10248295 8918831 3397916 3192204 2055842 1629452 68302861 67921421 12875000 11415000 4219778 4761650 101099692 97838558 X 61467315 63418724 49099001 55510240 81861051 86558105 192427367 205487069 293527059 303325627 X 8736724 3854121 468857 X X 0 1 X 1 1 1 X 0 0 0 0 0 1 5369 1 0 0 5369 0 PART II-B, LINE 1: THE UNIVERSITY BELONGS TO THE INDEPENDENT COLLEGES AND UNIVERSITIES OF WASHINGTON AND THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES AND AS SUCH PARTICIPATES IN THE LOBBYING ACTIVITIES OF SUCH ORGANIZATIONS. ICW INDICATED THE ESTIMATED AMOUNT OF THE UNIVERSITY FEES DEDICATED TO LOBBYING IN FYE 18 WAS $4,706 . NAICU INDICATED THE ESTIMATED AMOUNT OF THE UNIVERSITY FEES DEDICATED TO LOBBYING IN FYE 2018 WAS $663. 141884815 4575301 9436289 4018807 698554 151179044 127378713 2743604 15525736 3763238 141884815 129431885 4753554 -3278805 3527921 127378713 125935087 3059206 3660670 3223078 129431885 108080939 5122928 15710869 2979649 125935087 0.10590 0.33300 0.56110 1 0 6048839 6048839 145657399 65117721 80539678 20654784 15132505 5522279 27449940 13257499 14192441 106303237 EQUITY INDEX FUND 12612286 F COMMODITIES 1859577 F REAL ESTATE INVESTMENT 10916044 F NOTES REC. COLL/REAL ESTATE 81000 F SINGLE PREMIUM LIFE INS. POLICY 157779 F LIMITED PARTNERSHIPS 3965046 F PRIVATE EQUITY FUNDS 10538475 F HEDGE FUNDS 9006925 F OTHER INVESTMENTS 3151162 F 52288294 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 20572256 DEPOSITS HELD BY TRUSTEE 4781160 25353416 STUDENT DEPOSITS 2811097 ASSET RETIREMENT OBLIGATION 1004763 INTEREST RATE EXCHANGE LIABILITY 945790 4761650 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE MAINLY USED TO PROVIDE SCHOLARSHIP SUPPORT TO STUDENTS SO THAT THEY CAN ATTEND THE UNIVERSITY. SOME OF THE FUNDS ARE ALSO USED TO PROVIDE FUNDING SUPPORT FOR RESEARCH AND DEPARTMENTAL ACTIVITIES. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT BOTH THE UNIVERSITY AND FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE UNIVERSITY AND FOUNDATION ARE NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT THEY GENERATE INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO THEIR TAX-EXEMPT PURPOSE (UNRELATED TRADE OR BUSINESS ACTIVITIES). DONATIONS TO THE UNIVERSITY AND FOUNDATION ARE TAX DEDUCTIBLE. WHITWORTH COSTA RICA LIMITED IS A TAXABLE CORPORATION FOR PURPOSES OF COSTA RICAN INCOME TAX LAW. 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 JUNE 30, 2018 AND 2017. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. 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 NON-DISCRIMINATION POLICY IS PUBLISHED IN ALL STUDENT BROCHURES AND WEBSITES. THE POLICY IS ALSO PUBLISHED IN THE LOCAL NEWSPAPER AT LEAST ONCE DURING THE FISCAL YEAR. SCHEDULE E, PART I, LINE 6 WHITWORTH UNIVERSITY PARTICIPATES IN THE FEDERAL FINANCIAL AID PROGRAM AND AS SUCH, MANAGES FEDERAL AND STATE AID THAT IS ALLOCATED TO THE STUDENTS. CENTRAL AMERICA AND THE CARIBBEAN 1 1 PROGRAM SERVICES - CAPITAL CONTRIBUTIONS TO WHITWORTH COSTA RICA LIMITADA ACADEMIC INSTRUCTION 122408 CENTRAL AMERICA AND THE CARIBBEAN 1 1 CAPITAL CONTRIBUTIONS FOR PLANT INVESTMENT ACADEMIC INSTRUCTION 180100 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 9006925 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 486041 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 32446 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 157942 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAMS 253140 2 2 0 0 2 2 10239002 0 10239002 1 0 1 1 1 0 SCHEDULE F, PART IV, LINE 4: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. UNDER THESE FACTS, IT IS NOT NECESSARY FOR THE UNIVERSITY TO FILE FORM 8621. SCHEDULE F, PART IV, LINE 5: THE UNIVERSITY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN FOREIGN PARTNERSHIPS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENTS OF FORM 8865 AS A RESULT. PIRATE NIGHT 154553 46213 108340 1695 29319 4650 GOLF-SPOKANE 43140 13700 29440 24458 8443 197693 59913 137780 1695 53777 13093 68565 69215 1 FINANCIAL AID FOR TUITION, ROOM AND BOARD EXPENSES 2283 50226193 PART I, LINE 2: STUDENTS MUST SUBMIT THEIR FAFSA FEDERAL FORM TO DOCUMENT THEIR NEED FOR FEDERAL FINANCIAL AID. ONCE THE FINANCIAL AID IS AWARDED, THE GRANTS ARE TRANSMITTED TO THE STUDENTS' INSTITUTIONAL ACCOUNTS TO PAY FOR TUITION CHARGES, THERE IS ALSO A FOLLOW UP PROCESS DURING THE SEMESTER AND SCHOOL YEAR TO ENSURE ACADEMIC CREDITS COMPLETION AND SATISFACTORY ACADEMIC PROGRESS BEFORE ADDITIONAL FINANCIAL AID IS AWARDED. X X X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 BECK TAYLOR TRUSTEE-PRESIDENT 293275 0 0 0 42949 0 86700 0 75195 0 498119 0 0 0 LAWRENCE PROBUS VP FOR FINANCE AND ADMINISTRATION 128156 0 0 0 42891 0 14494 0 23203 0 208744 0 0 0 DR CAROLINE SIMON PROVOST AND EXECUTIVE VICE PRESIDENT 167806 0 0 0 20144 0 15005 0 7945 0 210900 0 0 0 MR GREG ORWIG VP ADMISSIONS AND FINANCIAL AID 109907 0 0 0 27687 0 11802 0 48786 0 198182 0 0 0 DR SCOTT MCQUILKIN VP FOR INSTITUTIONAL ADVANCEMENT 153148 0 0 0 20920 0 13795 0 7851 0 195714 0 0 0 DR TIMOTHY WILKINSON DEAN, SCHOOL OF BUSINESS 122117 0 0 0 35417 0 13725 0 91604 0 262863 0 0 0 DR NOELLE WIERSMA DEAN, COLLEGE OF ARTS & SCIENCES 129233 0 0 0 7437 0 10916 0 27074 0 174660 0 0 0 KATHLEEN HARRELL STORM PROFESSOR - PSYCHOLOGY 126153 0 0 0 9081 0 10569 0 7703 0 153506 0 0 0 DR DALE SODEN PROFESSOR - HISTORY 102330 0 0 0 32770 0 10237 0 7723 0 153060 0 0 0 PART I, LINE 1A THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S PRESIDENT ARE ADOPTED AND APPROVED BY AN EXECUTIVE COMPENSATION COMMITTEE WHICH IS A SUB-COMMITTEE OF THE BOARD OF TRUSTEES. TAX IDEMNIFICATION AND GROSS-UP PAYMENTS FOR SOME PAYMENTS AND SOCIAL CLUB DUES WERE INCLUDED IN THE TAXABLE INCOME FOR BECK TAYLOR, PRESIDENT OF THE UNIVERSITY. THE PRESIDENT WAS ALSO PROVIDED WITH A RESIDENCE FOR PERSONAL USE AND PERSONAL CLEANING SERVICES AS A CONDITION OF EMPLOYMENT BECAUSE HE IS REQUIRED TO LIVE ON CAMPUS AND ENTERTAIN VISITORS ON BEHALF OF THE UNIVERSITY. PART I, LINE 4B DR. BECK TAYLOR PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN UNDER SECTION 457(F). A $65,100 NON-VESTED CONTRIBUTION WAS MADE DURING FY2018, WHICH IS A PART OF COLUMN C IN PART II. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781V31 2016-12-22 50409479 CONSTRUCTION OF ATHLETIC BUILDING AND REFUNDING OF A PRIOR ISSUE 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781P20 2012-03-01 20065060 DINING HALL ADDITION; NEW STUDENT REC CENTER; NEW RESIDENT HALL DESIGN; REPA 0 0 0 A 51197325 42747113 524826 3888602 3537177 0 1 0 1 B 1345000 20173305 1242678 1085375 372499 17472752 2015 0 0 1 1 A 0 1 1 1 0 0 0 1 B 0 1 1 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/01/2017 SCHEDULE K, PART I, COLUMN F: THE BONDS REFUND THE BORROWER'S SERIES 2009 (ISSUED 11/04/09); BONDS REFUNDED BY SERIES 2009: SERIES 2006 (ISSUED SEPTEMBER 28, 2006), SERIES 2001 (ISSUED OCTOBER 10, 2001), AND SERIES 1998 (ISSUED DECEMBER 22, 1998). SCHEDULE K, PART II, LINE 3: AMOUNT LISTED DIFFERS FROM THE ISSUE PRICE LISTED IN PART I, (E) DUE TO INVESTMENT EARNINGS ACCRUED. SCHEDULE K, PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. AVISTA UTILITIES JASON THACKSTON (TRUSTEE) IS AN OFFICER OF AVISTA UTILITIES. 1250554 UTILITY EXPENSE 0 X 1 0 N/A X 12 397281 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN B SHOWS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 33: THE ORGANIZATION RECEIVED A GIFT OF A COLLECTION OF PAINTINGS AND PICTURES FROM THE AUTHOR. NO APPRAISAL WAS MADE OF THE VALUE OF THE WORKS EITHER BEFORE OF AFTER THE CONTRIBUTION. NO REVENUE WAS BOOKED AS THERE WAS NO VERIFICATION OF VALUE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM, THEN REVIEWED BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD. THE PUBLIC VERSION OF FORM 990 IS THEN PLACED IN A SECURE WEBSITE FOR INSPECTION AND REVIEW BY THE FULL BOARD OF TRUSTEES BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C STAFF AND FACULTY: AT THE BEGINNING OF THE YEAR, WE TIE THE COMPLETION OF THE CONFLICT OF INTEREST DISCLOSURE FORM TO BEING ABLE TO AUTHORIZE OR REQUEST ANY PAYMENT FOR THE UNIVERSITY. THIS IS TRACKED IN A DATABASE. TRUSTEES: THE SECRETARY OF THE BOARD ENSURES THAT EVERY TRUSTEE COMPLETES THE DISCLOSURE FORM EVERY FALL MEETING. IF ANYONE'S FORM IS MISSING, SHE OR HER ASSISTANT FOLLOW UP UNTIL THE FORM IS COMPLETED. THEN, THE AUDIT COMMITTEE REVIEWS THOSE FORMS WITH DISCLOSED CONFLICT DURING THE FALL MEETING FOR THE STAFF AND FACULTY AND DURING THE SPRING FOR TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT WAS REVIEWED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IN JUNE 2018; THIS PROCESS INVOLVED AN INDEPENDENT ANALYSIS BY AN OUTSIDE CONSULTANT WHO COMPARED COMPENSATION FOR THIS INDIVIDUAL AGAINST PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE AT THE UNIVERSITY'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 16B: WHILE WHITWORTH UNIVERSITY DOES NOT HAVE A WRITTEN POLICY REQUIRING EVALUATION OF ITS PARTICIPATION IN A JOINT VENTURE, THE UNIVERSITY HAS REVIEWED THE IMPACT OF THIS JOINT VENTURE BOTH INTERNALLY AND WITH EXTERNAL ADVISORS. FORM 990, PART XI, LINE 9: ADJUSTMENT TO PRIOR SERVICE COST AND ACTUARIAL LIABILITY FOR RETIREE HEALTH -105,334. CHANGE IN VALUE OF OUTSIDE TRUSTS 567,261. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 6,930. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS OF THE AUDIT OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE CURRENT YEAR. THE WHITWORTH FOUNDATION 300 W HAWTHORNE RD SPOKANE WA 99251 237232067 FUNDRAISING SUPPORT FOR WHITWORTH UNIVERSITY WA 501(C)(3) 11B WHITWORTH UNIVERSITY 1 EMPLOYER CONTRIBUTION VEBA TRUST WHITWORTH UNIVERSITY 300 W HAWTHORNE RD SPOKANE WA 99251 454667885 RETIREE MEDICAL BENEFITS WA 501(C)(9) 0 EMPLOYEE CONTRIBUTION VEBA TRUST WHITWORTH UNIVERSITY 300 W HAWTHORNE RD SPOKANE WA 99251 454667994 RETIREE MEDICAL BENEFITS WA 501(C)(9) 0 WHITWORTH COSTA RICA LIMITADA CALLE 7 AVENIDAS 7 Y 9 EDIFICIO SAN JOSE CS EDUCATIONAL INSTITUTION CS WHITWORTH UNIVERSITY C 304106 2742430 1.00000 1 CHARITY REMAINDER UNITRUSTS (20) CHARITABLE TRUST WA N/A T 0 CHARITY REMAINDER ANNUITY TRUSTS (1) CHARITABLE TRUST WA N/A T 0 LIFE ANNUITY TRUSTS (61) CHARITABLE TRUST WA N/A T 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 THE WHITWORTH FOUNDATION C 418402 CASH CONTRIBUTION WHITWORTH COSTA RICA LIMITADA B 302508 CASH EMPLOYER CONTRIBUTION VEBA TRUST R 196769 CASH