2018-04-16T17:12:56-05:00 2017-05-31 910189318 Moss Adams LLP PO Box 22650 Yakima WA 989072650 990 2016-06-01 910565571 Pacific Lutheran University PACI 2535357119 12180 Park Ave S Tacoma WA 98447 Steve Whitehouse Treasurer 2535357119 2018-04-13 1 Colleen Ramires P01251320 5092487750 2018-04-13 12.129.7.100 2018-04-13 18:04:29 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 866574987CA565ABE6CC9265146BBE3F5B9624AD 2016 2021-01-29 14:40:06Z na Allan Belton 12180 Park Ave S Tacoma WA 98447 174379902 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. 33 29 2818 2087 490263 -162876 14415801 10557005 132225873 131541704 1852310 10955575 302179 239690 148796163 153293974 51169448 54251203 0 0 61939329 61457642 0 0 2543467 41309893 34927547 154418670 150636392 -5622507 2657582 244372314 250076705 89527702 85844155 154844612 164232550 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 87745323 54251203 114643600 ACADEMIC INSTRUCTION: PLU OFFERS 44 MAJORS AND 54 MINORS, AS WELL AS GRADUATE AND PROFESSIONAL PROGRAMS IN BUSINESS (FINANCE, MARKETING RESEARCH, 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, FROM ALL OVER THE WORLD. FOR THE 2016-17 ACADEMIC YEAR, 42.3 PERCENT OF INCOMING FIRST-YEAR STUDENTS ARE "FIRST GENERATION," COMING FROM FAMILIES WHERE NEITHER NATURAL NOR ADOPTIVE PARENTS RECEIVED A BACCALAUREATE DEGREE; 35.1 PERCENT SELF-IDENTIFY AS STUDENTS OF COLOR; AND 30.4 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 MEDIALAB; 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 RECENTLY NAMES A TOP 10 UNIVERSITY IN THE WEST FOR BEST COLLEGES FOR VETERANS. IT ALSO RANKS 12TH OF MASTER'S UNIVERSITIES NATIONWIDE BY WASHINGTON MONTHLY COLLEGE GUIDE. THE UNIVERSITY HAS PRODUCED MORE THAN 100 FULBRIGHT SCHOLARS SINCE 1975. 16394024 0 952609 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 2016-17 INCLUDED THE FORMATION OF PHASE I OF THE NEW CENTER FOR STUDENT SUCCESS, 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, VETERANS & MILITARY AFFILIATED STUDENTS, INTERNATIONAL STUDENTS, FIRST IN THE FAMILY [FIF] STUDENTS, LGBTQ IDENTIFIED STUDENTS, STUDENTS OF COLOR, AND UNDOCUMENTED STUDENTS.) 9801789 0 15455232 AUXILIARY ENTERPRISES: PLU OFFERS NINE RESIDENCE HALLS; EIGHT TRADITIONAL STYLE RESIDENCE HALLS AND ONE APARTMENT-STYLE COMPLEX. DURING THE 2016-17 ACADEMIC YEAR, ON-CAMPUS RESIDENTS TOTALED 1,324 STUDENTS IN FALL 2016 AND 1,194 IN SPRING 2017. 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 QUICKSERVE 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 MORE THAN 23,995 GUESTS IN 112 CONFERENCES AND EVENTS DURING 2016-17. CONFERENCES RANGE IN SIZE FROM OVERNIGHT RETREATS, YOUTH SPORTS CAMPS, AND CLINICS WITH UP TO 3,000 PEOPLE. THE CATERING DEPARTMENT PROVIDES MEALS FOR MOST EVENTS AND PLU FUNCTIONS. 19413039 0 1.) Operations and maintenance of plant including depreciation, interest expense and amortization2.) Public service 19413039 0 133354175 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 4397 0 1 2818 1 1 1 0 0 0 0 1 1 0 0 0 0 X 33 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X Steve Whitehouse 2535357119 12180 Park Ave S Tacoma WA 98447 Gary Severson Regent/Chair 1.00 X X 0 0 0 Mark Gould Regent/Vice Chair 1.00 X X 0 0 0 Edward Grogan Regent/Vice Chair 1.00 X X 0 0 0 Michelle Long Regent/Vice Chair 1.00 X X 0 0 0 Susan Caulkins Regent/Secretary 1.00 X X 0 0 0 Thorhild Widvey Regent 1.00 X 0 0 0 Shelley Wickstrom Regent 1.00 X 0 0 0 Jeffrey Rippey Regent 1.00 X 0 0 0 Donald Wilson Regent 1.00 X 0 0 0 Martin Wells Regent 1.00 X 0 0 0 Charleen Tachibana Regent 1.00 X 0 0 0 Laurie Soine Regent 1.00 X 0 0 0 Jerry Skaga Regent 1.00 X 0 0 0 Jan Ruud Regent 1.00 X 0 0 0 Laura Rothenberger Regent 1.00 X 0 0 0 Mark Miller Regent 1.00 X 0 0 0 Nancy Powell Regent 1.00 X 0 0 0 Mack Hogans Regent 1.00 X 0 0 0 Osamu Matsutani Regent 1.00 X 0 0 0 Richard Larson Regent 1.00 X 0 0 0 Lisa Kittilsby Regent 1.00 X 0 0 0 Richard Jaech Regent 1.00 X 0 0 0 Matt Iseri Regent 1.00 X 0 0 0 Jaynee Groseth Regent 1.00 X 0 0 0 Brenda Morris Regent 1.00 X 0 0 0 Mark Griffith Regent 1.00 X 0 0 0 Andrew Finstuen Regent 1.00 X 0 0 0 Jonette Blakney Regent 1.00 X 0 0 0 Erik Benson Regent 1.00 X 0 0 0 Becky Burad Regent 1.00 X 0 0 0 Dale Benson Regent 1.00 X 0 0 0 Daniel Alsaker Regent 1.00 X 0 0 0 BRADLEY TILDEN REGENT (THROUGH OCT 2016) 1.00 X 0 0 0 D TONY HICKS REGENT (THROUGH OCT 2016) 1.00 X 0 0 0 Darren Hamby REGENT (THROUGH OCT 2016) 1.00 X 0 0 0 LISA KORSMO REGENT (THROUGH OCT 2016) 1.00 X 0 0 0 Thomas Krise President 40.00 X X 320248 0 143615 L Alan Belton Vice President 40.00 X 201837 0 42835 Joanna Royce-Davis Vice President 40.00 X 163203 0 72160 Steven Starkovich Provost 40.00 X 164080 0 40431 Daniel Lee Vice President 40.00 X 161025 0 46282 Donna Gibbs Vice President 40.00 X 160886 0 39737 Sheila Smith Dean 40.00 X 153773 0 25645 Francis Moore Associate Provost 40.00 X 150373 0 21192 Chung-Shing Lee Dean 40.00 X 144896 0 26692 1620321 0 458589 42 0 1 0 Lubbesmeyer Construction Inc 1151 112th St E Tacoma WA 98445 General Contractor 1128365 National Public Radio PO Box 79540 Baltimore MD 21279 Public Radio Programming Services 1059884 Aries Mechanical Inc 1516 S Fife Street Tacoma WA 98405 Mechanical Contractor 677268 Market Enginuity Inc 3131 East Clarendon Avenue Suite 1 Phoenix AZ 85016 Advertising Agent 631695 Lamar Texas Limited Partnership PO Box 96030 Baton Rouge LA 70896 Advertising Agent 548615 17 540000 1852890 8164115 1021241 10557005 Tuition and fees 611600 114643600 114643600 Auxiliary enterprises 611710 15455232 15455232 other academic support & student 611710 1442872 952609 490263 131541704 3593409 3593409 345249 105559 239690 239690 239690 21117847 7224688 20579969 400400 537878 6824288 7362166 7362166 153293974 131051441 490263 11195265 54251203 54251203 616346 36685 414580 165081 47109879 39396192 6608013 1105674 3669844 3032138 539993 97713 6416384 5301414 944128 170842 3645189 3011767 536365 97057 438553 438553 149193 149193 95000 95000 3805732 3144413 559988 101331 771554 637482 113529 20543 8604555 7109349 1266102 229104 2240347 1851044 329652 59651 2618330 2163345 385270 69715 4540281 3751320 668072 120889 819046 676721 120517 21808 2650819 2190188 390050 70581 5464103 4514610 804006 145487 960757 793807 141369 25581 dues & subscriptions 446832 369187 65748 11897 minor equipment purchas 276255 228250 40649 7356 Study away fees 176471 176471 prizes and awards 149440 123472 21989 3979 720279 595117 105984 19178 150636392 133354175 14738750 2543467 22900 22900 4968500 4097654 2203097 1237677 2638001 3619571 6467915 6670173 564197 302342 2077477 1120212 214036619 79375751 129405872 134660868 72827144 66026100 14915181 29225928 400000 0 7882030 3093280 244372314 250076705 9041752 9219089 61765000 58227791 1010238 1018652 49765 32012 17660947 17346611 89527702 85844155 X 65968381 74747443 4340397 7214174 84535834 82270933 154844612 164232550 244372314 250076705 X 2657582 5804504 -142 925994 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 358230 358230 X Education 0 0 1 X 80499771 10241364 8396228 2235967 1435360 230617 95235419 85581439 2373824 -2054389 2322581 2749633 328889 80499771 84365076 3285490 2136985 4002319 203793 85581439 79585706 2492374 6292319 3762478 242845 84365076 71802576 2710240 9023070 3593678 356502 79585706 0.13130 0.82330 0.04540 1 0 12175871 762723 12938594 167587539 57832504 109755035 3161813 1377213 1784600 14866925 10050250 4816675 15481748 10115784 5365964 134660868 1112051 C 1898036 F Alternative Investments 2195381 F Investments Held by Others 11932189 F Investments Held in Trust 12088271 F 29225928 Deposit accounts 2042823 Annuities payable 6262732 Retirement Obligation 1062264 Government grants refundable 7978792 17346611 X 105773269 5804504 925994 6730498 99042771 54251203 54251203 153293974 96385189 0 96385189 54251203 54251203 150636392 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, 2017 and 2016. Part XI, Line 2d - Other Adjustments: Change in value of split interest agreements -186,057. Unrealized GAIN ON INTEREST RATE SWAP 1,112,051. Part XI, Line 4b - Other Adjustments: scholarships and grants 54,251,203. Rounding difference on financial statements Part XII, Line 4b - Other Adjustments: Scholarships and Grants 54,251,203. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Pacific Lutheran University Published its Nondiscriminatory Policy in the Tacoma News Tribune May 17, 2016. 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 3 Program services Study Abroad Activities; On site program Administration 483412 South America 0 0 Program services Study Abroad Activities 2092 East Asia and the Pacific 0 1 Program services Study Abroad Activities; On site program Administration 83313 Middle East and North Africa 0 0 Program services Study Abroad Activities 414 North America (Canada and Mexico) 0 0 Program services Study Abroad Activities 119843 Sub-Saharan Africa 0 0 Program services Study Abroad Activities 79522 Central America and the Caribbean 0 0 Program services Study Abroad Activities; On site program Administration 112468 Central America and the Caribbean 0 0 Investments 770654 Europe (including Iceland and Greenland) 0 0 Investments 391202 0 4 0 0 0 4 1651718 391202 2042920 1 0 1 1 1 0 1 Merit Based Student Scholarships and Grants 2413 43974510 Needs based student Scholarships and Grants 997 9282479 Federal Needs based Student Scholarships and Grants 960 994214 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. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 Thomas Krise President 245248 0 75000 0 0 0 75713 0 67902 0 463863 0 0 0 L Alan Belton Vice President 199737 0 0 0 2100 0 34703 0 8132 0 244672 0 0 0 Joanna Royce-Davis Vice President 159431 0 0 0 3772 0 32580 0 39580 0 235363 0 0 0 Steven Starkovich Provost 144723 0 0 0 19357 0 32283 0 8148 0 204511 0 0 0 Daniel Lee Vice President 155541 0 0 0 5484 0 33639 0 12643 0 207307 0 0 0 Donna Gibbs Vice President 153693 0 0 0 7193 0 31375 0 8362 0 200623 0 0 0 Sheila Smith Dean 153773 0 0 0 0 0 17277 0 8368 0 179418 0 0 0 Francis Moore Associate Provost 150373 0 0 0 0 0 12856 0 8336 0 171565 0 0 0 Chung-Shing Lee Dean 144896 0 0 0 0 0 15978 0 10714 0 171588 0 0 0 Part I, Line 1a The President & his wife live in PLU-owned residence and receive health club memberships that are both used for business purposes such as developing donor relations. Part I, Line 4b President Krise participated in a supplemental non-qualified retirement plan and received $50,000 credited to his 457(f) plan. Part I, Line 7 Occasional incentive bonuses are given to executive leadership and are determined by the Board. A washington higher education facilities authority 911306482 939781zd5 2016-08-11 48933000 refunding 0 0 0 B Washington higher education facilities authority 911306482 939781s27 2014-07-09 9933742 renovation 0 0 0 A 48933000 1440000 403596 47089404 2007 1 0 1 1 B 9933742 198669 9735073 2015 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 Washington Federal 10.000000000000 0 0 0 mbia 30.000000000000 1 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 Garfield North LLC See Part V 206670 Facilities Lease, PLU ownership % in LLC is 29.12% 0 Schedule L, Part IV The following members of Garfield North LLC:* Jeffery L Rippey Living Trust - Board Member, Trust owns 6.31%* Lisa Kittilsby - Board Member, Owns 6.31%* Don Wilson - Board Member, Owns 6.31%* John Korsmo - Board Member Spouse, Owns 15.78% X 1 100 Fair Market Value X 29097 Fair market value X 3350 Fair market value X 26 655602 Fair market value X 2 311630 Fair Market Value X 2 276 Fair Market Value X 2 550 Fair Market Value X Equipment/ Misc Items 8 16012 Fair Market Value X Unrmbrsd Exp. 12 4624 Fair Market Value 0 0 1 0 Form 990, Part VI, Section A, line 2 JEFF RIPPEY, LISA KITTILSBY, LISA KORSMO, AND DONALD WILSON HAVE A BUSINESS RELATIONSHIP. 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 -186,057. UNREALIZED GAIN ON INTEREST RATE SWAP 1,112,051. Benson Family Foundation PO Box 3168 Portland OR 97208 203039538 Supporting organization for PLU OR 501(c) (3) Line 11D, III-O 0 Charitable Remainder Annuity Trusts (1) Charitable Trust WA T 0 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 0 0 0 0 0 0 0 0 0 Benson Family Foundation C 540000