2018-05-14T12:36:40-07:00 2017-06-30 911194016 Clark Nuber PS 10900 NE 4th Street Suite 1400 Bellevue WA 98004 990 2016-07-01 910565006 SEATTLE UNIVERSITY SEAT 2062966150 901 12th Avenue Seattle WA 981221090 Constance R Kanter CFO/VP for Finance and Bus Affairs 2062966150 2018-05-14 1 Sara Elizabeth J Hyre P00235495 4254544919 2018-05-14 2016 2022-09-23 18:48:47Z Stephen V Sundborg SJ President 901 12th Avenue Seattle WA 981221090 341545230 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) 34 32 4235 129 0 0 42391107 31388509 272790106 284583450 5134125 4949199 -446858 -425982 319868480 320495176 78485011 86281823 0 0 144258261 148209072 0 0 4619486 70547163 81448483 293290435 315939378 26578045 4555798 687830919 704923991 182053403 173912324 505777516 531011667 Seattle University is dedicated to educating the whole person, to professional formation, and to empower leaders for a just and humane world. 0 0 259105130 86281823 284583450 Seattle University, founded in 1891, is a Jesuit Catholic university located on 50 acres in Seattle's Capitol Hill neighborhood. More than 7,200 students are enrolled in undergraduate and graduate programs within nine schools and colleges. In the academic year 2016-17, the University enrolled 7,278 students and awarded 1274 bachelor's degrees or equivalents, 224 post-baccalaureates, 761 master's degrees, 35 post-master's certificates, and 239 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. 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 17 years. The Albers accounting program tied for #14 in the nation and ranked #1 in the Northwest. The Engineering school ranked #29 among all engineering schools in the U.S. that offer a bachelor's or master's degree. The report cited Seattle U's service learning as a "best program" nationally. Seattle University School of Law has the #1 legal writing program in the nation. The clinical training program is tied for #18 in the nation. Additionally, the School of Law is among the most diverse in the country. The Albers School of Business and Economics Leadership Executive MBA and graduate accounting programs are #1 in the Northwest. Nationally, the Executive MBA is tied for #12 The part-time Professional MBA program is #2 in the Northwest and #75 in the U.S. Hip, straightforward and consulted by millions of future students and their families, 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 build 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) 2017 Sustainability Tracking, Assessment & Rating System (STARS). SU is ranked #8 nationally among master's universities in AASHE's 2017 Sustainable Campus Index. 0 0 0 259105130 1 1 0 1 0 0 0 1 1 1 1 1 0 0 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 10132 0 1 4235 1 1 1 0 0 0 0 1 1 0 0 0 0 X 34 32 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WA 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 50013 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 Jill A Wakefield Trustee 0.5 0 X 0 0 0 Eric Watson SJ Trustee, Assist Prof Science and Engineering 37.5 0 X 70582 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 Marilyn Ann Crone VP for Enrollment Mgt 37.5 0 X 214735 0 28223 Robert J Dullea VP Planning and Vice Prov 37.5 0 X 228918 0 68747 Constance R Kanter CFO/VP for Fin and Business Affairs 37.5 0 X 251759 0 41357 Timothy P Leary Executive Vice President 37.5 0 X 250936 0 83123 Michele C Murray VP of Student Dev 37.5 0 X 184469 0 24716 Mary S Petersen VP and University Counsel 37.5 0 X 237807 0 40161 Michael W Podlin VP University Advancement 37.5 0 X 259498 0 33509 Scott K McClellan VP, Communications 37.5 0 X 180374 0 33695 Michelle Clements VP, Human Resources 37.5 0 X 82145 0 6063 Christopher Van Liew VP/CIO 37.5 0 X 110214 0 7278 Annette E Clark Dean 37.5 0 X 311538 0 33035 Joseph M Phillips Jr Dean 37.5 0 X 260583 0 38357 David V Powers Dean 37.5 0 X 196586 0 29687 Michael Jay Quinn Dean 37.5 0 X 193374 0 32305 Deanna J Sands Dean 37.5 0 X 195209 0 20552 Kristen M Swanson Dean 37.5 0 X 242162 0 32066 Janet E Ainsworth Professor 37.5 0 X 204838 0 25858 Cameron Dollar Head Mens Basketball Coach 37.5 0 X 290043 0 34857 Charles O'Kelley Rt Professor 37.5 0 X 310144 0 33377 David Michael Skover Professor 37.5 0 X 212970 0 28052 Steven W Bender Professor 37.5 0 X 210797 0 30879 Isiaah Crawford Provost 37.5 0 X 310346 0 21454 5508040 0 727351 216 1 1 0 Ellucian Company LP 62590 Collections Center Dr Chicago IL 60693 Information technology services 5723601 Witt Fiala Flannery & Assoc PO Box 958204 St Louis MO 63195 Janitorial services 2332659 RAFN Company 1721 132nd Ave NE Bellevue WA 98005 Construction contracting 2202345 R2I Holdings 1910 1st Ave S Seattle WA 98134 Marketing 984718 Lydig Construction Inc 11001 E Montgomery Drive Spokane WA 99206 Construction 892591 70 0 0 995679 0 7620037 22772793 4628318 31388509 Tuition and fees 611310 262021901 262021901 0 0 Auxiliary 611310 14997273 14997273 0 0 7564276 7564276 0 0 284583450 8989443 0 0 8989443 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16222752 0 20262996 0 -4040244 0 -4040244 0 0 -4040244 361076 995679 787058 -425982 0 -425982 0 0 0 0 0 0 0 0 0 0 0 0 0 320495176 284583450 0 4523217 0 0 86281823 86281823 0 0 0 0 5364707 2960512 2404195 0 0 0 0 0 109797867 89634044 17486706 2677117 9368911 7538205 1610383 220323 15315124 12323123 2631827 360174 8362463 6728517 1437288 196658 41763 6763 35000 0 1141673 456842 684831 0 182203 10401 171802 0 12987 0 12987 0 0 0 415131 0 415131 0 4002200 2263866 1393971 344363 2901441 1869995 932812 98634 3848862 1980415 1611498 256949 6271207 2138976 4087577 44654 0 0 0 0 10032145 7945280 2081652 5213 5359734 4940190 386271 33273 0 0 0 0 3353877 2407664 684903 261310 5164766 3697973 1466793 0 0 0 0 0 16140684 13587809 2552875 0 1787746 116901 1670845 0 Supplies 7964619 6388127 1544188 32304 Retail services 7354461 5466096 1884979 3386 Purchases for resale 12198 10260 1938 0 Goodwill Write-off 4940524 0 4940524 0 520262 351348 83786 85128 315939378 259105130 52214762 4619486 17478471 22867005 80524456 87507607 39991549 35343002 5792235 8181407 0 0 0 0 6524265 6500264 26831 37224 3867610 4800388 499749840 186927503 318446987 312822337 63182384 50952395 125488750 152175569 0 0 4940523 0 21566858 23736793 687830919 704923991 24873403 24924683 0 0 8793206 6232322 127681263 123791611 2517241 2291089 0 0 0 0 0 0 18188290 16672619 182053403 173912324 X 289699507 293024778 95663413 104651753 120414596 133335136 505777516 531011667 687830919 704923991 4555798 20678353 0 0 0 0 X 0 1 X 1 1 1 X 16427929 44574763 40326490 42391107 31388509 175108798 0 0 0 0 0 0 0 0 0 0 16427929 44574763 40326490 42391107 31388509 175108798 29792661 145316137 2590344 1518202 2998139 1714068 8989443 17810196 0 0 0 0 0 0 0 0 0 0 0 0 192918994 1323675059 0.75325 0.7617 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 12987 0 0 12987 0 Schedule C, Part II-B, Line 1 The University pays membership dues to organizations which engage in some lobbying activities. These actives consist of working with legislators on increasing funding for higher education. The amount disclosed in line 1g includes $8,804.87 in membership dues and Line 1g also includes $451.40 in travel costs related to lobbying activities. 0 0 X X X 0 0 1 X 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 174149940 3324854 13713254 0 6456976 0 184731072 0.26 0.6 0.14 0 0 0 61867779 61867779 0 359028407 139824526 219203881 0 4881267 3770825 1110442 0 29879848 13897515 15982333 0 44092539 29434637 14657902 312822337 0 F 0 F Collective investment funds 61524852 F Hedge funds 31296098 F Private equity funds 20645469 F All other investments 19501568 F Investment in commercial real estate 19207582 C 152175569 0 US Government loan funds 5697521 Liabilities under split-interest agreement 8861765 Unrealized loss on int. rate swap agreement 1529335 Asset retirement obligations 583998 16672619 X 255433671 20678349 0 0 -86281823 -65603474 321037145 0 -541969 -541969 320495176 230199519 0 0 0 541964 541964 229657555 0 86281823 86281823 315939378 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, 2017 or 2016. 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 holds endowment funds to provide incomes 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 $86,281,823 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 $541,969 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 2d The University treats special event fundraising expense of $541,964 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 $86,281,823 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 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 30,2017) 24276297 Central America and the Caribbean 0 0 Program Services Study abroad 99247 Europe (including Iceland and Greenland) 0 0 Program Services Study abroad 503297 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study abroad 7295 East Asia and the Pacific 0 0 Program Services Study abroad 100603 0 0 24986739 1 0 1 0 0 0 Schedule F, Part I, Line 2 The University has holdings in alternative and other investment funds legally domiciled outside the United States. The University monitors those investments through due diligence by the investment committee, the Associate VP for Finance, and the University's investment adviser. Annual Gala 666317 502317 164000 0 0 17869 96517 124045 77670 Red Tie 440653 309932 130721 0 7180 7463 70954 0 191676 3 249785 183430 66355 0 0 6300 63012 1625 122747 1356755 995679 361076 0 7180 31632 230483 125670 392093 787058 -425982 1 Grants and scholarships funded from Endowments 958 0 6807681 Book Financial aid Grants and scholarships funded from gifts from private donors 395 0 2358446 Book Financial aid Grants and scholarships funded from grants from private governmental institutions 565 0 1931869 Book Financial aid Grants and scholarships funded from institutional funds 5343 0 75183827 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 Isiaah Crawford Provost 156971 0 0 0 153375 0 15613 0 5841 0 331800 0 0 0 Marilyn Ann Crone VP for Enrollment Mgt 214735 0 0 0 0 0 21688 0 6535 0 242958 0 0 0 Robert J Dullea VP Planning and Vice Prov 228918 0 0 0 0 0 23238 0 45509 0 297665 0 0 0 Constance R Kanter CFO/VP for Fin and Business Affairs 251759 0 0 0 0 0 26500 0 14857 0 293116 0 0 0 Timothy P Leary Executive Vice President 250936 0 0 0 0 0 25715 0 57407 0 334058 0 0 0 Scott K McClellan VP, Communications 180374 0 0 0 0 0 19194 0 14502 0 214070 0 0 0 Michele C Murray VP of Student Dev 184469 0 0 0 0 0 19293 0 5423 0 209185 0 0 0 Mary S Petersen VP and University Counsel 237807 0 0 0 0 0 24798 0 15363 0 277968 0 0 0 Michael W Podlin VP University Advancement 259498 0 0 0 0 0 26250 0 7259 0 293007 0 0 0 Annette E Clark Dean 311538 0 0 0 0 0 26500 0 6535 0 344573 0 0 0 Joseph M Phillips Jr Dean 260583 0 0 0 0 0 26500 0 11857 0 298940 0 0 0 David V Powers Dean 196586 0 0 0 0 0 20320 0 9366 0 226272 0 0 0 Michael Jay Quinn Dean 193374 0 0 0 0 0 20107 0 12198 0 225679 0 0 0 Deanna J Sands Dean 195209 0 0 0 0 0 19622 0 930 0 215761 0 0 0 Kristen M Swanson Dean 242162 0 0 0 0 0 24806 0 7260 0 274228 0 0 0 Janet E Ainsworth Professor 204838 0 0 0 0 0 20814 0 5044 0 230696 0 0 0 Steven W Bender Professor 210797 0 0 0 0 0 21512 0 9366 0 241675 0 0 0 Cameron Dollar Head Mens Basketball Coach 230043 0 0 0 60000 0 20000 0 14857 0 324900 0 0 0 Charles O'Kelley Rt Professor 310144 0 0 0 0 0 26500 0 6877 0 343521 0 0 0 David Michael Skover Professor 212970 0 0 0 0 0 21516 0 6356 0 240842 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 Schedule J, Part I, Line 1a The University paid $7,361.32 in club dues for certain officers and other employees for business-related purposes as follows: Rainier Club ($3,661.61): Annette Clark $2,120.00, Stephen V. Sundborg SJ $1,281.61, Joseph M. Phillips Jr $260.00; Rotary Club ($2,267.71): Stephen V. Sundborg SJ $1,727.71, Joseph M. Phillips Jr $540.00; University Club Stephen V. Sundborg SJ $1,100.00; Washington Athletic Club ($332.00): Stephen V. Sundborg SJ $332.00. Schedule J, Part I, Line 4 Isiaah Crawford received $153,375 as part of a separation agreement upon his departure. A Washington Higher Education Facilities Authority 911306482 9387812J2 2007-07-25 38075000 Capital Project 0 0 0 B Washington Higher Education Facilities Authority 911306482 939781A26 2008-03-20 26595000 Refunding 0 0 0 C Washington Higher Education Facilities Authority 911306482 939781K81 2009-09-30 41775000 Capital Project 0 0 0 D Washington Higher Education Facilities Authority 911306482 939781J68 2011-09-01 15230000 Refunding 0 0 0 A 37140000 0 38075000 0 0 0 931512 0 0 37143488 0 0 2009 0 0 1 1 B 9705000 0 26595000 0 0 0 373275 0 0 0 26221275 0 2008 1 0 1 1 C 0 0 41775000 0 0 0 515109 0 0 41259891 0 0 2010 0 0 1 1 D 3095000 0 15230000 0 0 0 530137 0 0 0 14699863 0 2011 1 0 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 0 0 0 0 1 B 0 0 0 1 1 1 Bank of New York 2.9 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-07/25/2007 38,075,000 Washington Higher Education Facilities Authority All required rebate has been paid. Schedule K, Part IV, Line 2c-03/20/2008 26,595,000 Washington Higher Education Facilities Authority All required rebate has been paid. Schedule K, Part IV, Line 2c-09/30/2009 41,775,000 Washington Higher Education Facilities Authority All required rebate has been paid. Schedule K, Part IV, Line 2c-09/01/2011 15,230,000 Washington Higher Education Facilities Authority All required rebate has been paid. A Washington Higher Education Facilities Authority 911306482 2015-09-11 54815000 Refunding 0 0 0 A 1879000 0 54815000 0 0 0 510476 0 0 0 54304524 0 2015 1 1 1 1 A 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 Schedule K, Part IV, Line 2c-09/11/2015 54,815,000 Washington Higher Education Facilities Authority All required rebate has been paid. Sabey Construction Entity which Trustee Sabey served as an officer during the year. 848222 Life science lab and office lease 0 Erin Swezey Ms. Swezey is married to Timothy Leary, the University's Executive Vice President 92793 Ms. Swezey is a member of the faculty of the College of Education. 0 Ezra Teshome Entity which Trustee Teshome served as a Trustee during the year. 406560 Yobi apartments lease 0 X 6 227512 FMV X 66 4103533 FMV X Auction Items 629 245089 FMV X Wireless Communication equiement 1 6450 FMV X Agilent Oscilloscope, power supply 1 3300 FMV X 10' x 18' carpet/rug for Law School 1 5000 FMA X Dell Laptops 20 37434 FMV 2 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 The Bylaws of Seattle University provide that there shall be not less than 30 nor more than 40 voting members of the Board of Trustees. At least six of the Trustees shall belong to the Society of Jesus. The Jesuit Board of Members chooses three of the six Jesuit Trustees. The other three Jesuit Trustees are elected by a majority of Trustees upon nomination by the Trusteeship Committee. 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 of 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 conflict 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 an 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, 2018. 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 Certain important documents are not available until mid April. In addition, the time to gather essential information and enable the full Board of Trustees to review the completed return is why the University requested the May 15th deadline to file.