2018-02-26T12:07:59-06:00 2017-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2016-07-01 916073519 WESTERN WASHINGTON UNIVERSITY FOUNDATION WEST 3606504283 OLD MAIN 430 516 HIGH STREET BELLINGHAM WA 98225 MARK BROVAK SENIOR DIRECTOR AND COO 3606504283 2018-01-15 1 JENNIFER BECKER HARRIS P00183358 4254544919 2018-01-11 65.158.230.194 2018-01-15 16:11:07 PS P 16A4C276800F464C8E7B38DB399AA55720ABFD9F E84C8B0693DA92A08821FFD519737EBA88403786 2016 2021-01-29 14:40:06Z STEPHANIE C BOWERS OLD MAIN 430 516 HIGH STREET BELLINGHAM WA 98225 49891070 0 X WWW.FOUNDATION.WWU.EDU X 1966 WA THE WESTERN WASHINGTON UNIVERSITY FOUNDATION IS A NON-PROFIT, PUBLIC 501(C)(3) CORPORATION THAT EXISTS TO ENCOURAGE, SECURE AND STEWARD PRIVATE FINANCIAL RESOURCES THAT SUPPORT THE ACADEMIC MISSION OF WESTERN WASHINGTON UNIVERSITY. 21 21 0 65 0 0 10811036 8640995 1115122 1216382 1762691 1541533 3160 20233 13692009 11419143 3869601 3812759 0 0 402825 551779 0 0 773220 4212758 4225141 8485184 8589679 5206825 2829464 92540612 102562586 14838371 15171361 77702241 87391225 X THE WESTERN WASHINGTON UNIVERSITY FOUNDATION IS A NON-PROFIT, PUBLIC 501(C)(3) ORGANIZATION THAT ADVANCES THE MISSION OF THE UNIVERSITY: "BY INSPIRING OUR COMMUNITY TO GIVE, WE SECURE AND STEWARD PRIVATE RESOURCES TO ADVANCE SCHOLARSHIP, RESEARCH AND CREATIVITY."THE FOUNDATION WAS ESTABLISHED IN 1966 AS A VEHICLE TO RECEIVE AND ENCOURAGE PRIVATE GIVING TO WWU. THE FOUNDATION IS LED BY A GROUP OF DEDICATED BOARD MEMBERS WHO GROW AWARENESS OF THE IMPORTANCE OF PRIVATE SUPPORT TO PUBLIC INSTITUTIONS. THESE ALUMNI, PARENT AND COMMUNITY LEADERS BRING THEIR EXPERIENCES IN BUSINESS, EDUCATION, SCIENCE, AND NON-PROFITS AND SHARE THE COMMON MISSION OF ENGAGING NEW FRIENDS FOR WESTERN WHILE ALSO STEWARDING THE MORE THAN $75 MILLION IN ASSETS UNDER THE FOUNDATION'S MANAGEMENT. GIFTS FUND STUDENT SCHOLARSHIPS, AS WELL AS PROGRAM AND FACULTY MEMBER SUPPORT. 0 0 4558043 832257 1216382 HIGHER EDUCATION: PROVIDE OTHER PROGRAM SERVICES TO WESTERN WASHINGTON UNIVERSITY TO INCLUDE EQUIPMENT PURCHASES, FACULTY AND STUDENT TRAVEL, CONFERENCES, HONORARIA, SUPPLIES, AND OTHER. 2359715 2359715 HIGHER EDUCATION: 1,344 SCHOLARSHIPS AWARDED TO INDIVIDUAL STUDENTS. 620787 620787 HIGHER EDUCATION: GRANT GIFTS OF IN-KIND PROPERTY RECEIVED FOR WESTERN WASHINGTON UNIVERSITY TO INCLUDE COMPUTER HARDWARE AND SOFTWARE, TECHNICAL EQUIPMENT, GALLERY AND LIBRARY ADDITIONS AND OTHER. 7538545 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 75 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 WA X MARK BROVAK 3606504283 516 HIGH STREET MS 9034 BELLINGHAM WA 98225 MARJORIE HATTER CHAIR 4.00 X X 0 0 0 JACK CULLEN VICE CHAIR 4.00 X X 0 0 0 RICK ANDERSON TREASURER 4.00 X X 0 0 0 DAVID MANN SECRETARY 4.00 X X 0 0 0 MAYA ACKERMAN BOARD MEMBER 2.00 X 0 0 0 SHASTA CANO-MARTIN BOARD MEMBER 2.00 X 0 0 0 JEAN CARTER BOARD MEMBER 2.00 X 0 0 0 BRUCE CLAWSON BOARD MEMBER 2.00 X 0 0 0 ANNE COOPER BOARD MEMBER 2.00 X 0 0 0 JOSEPH ERICKSON BOARD MEMBER 2.00 X 0 0 0 TONY GEORGE BOARD MEMBER 2.00 X 0 0 0 GREG GRANT BOARD MEMBER 2.00 X 0 0 0 DAN GUY BOARD MEMBER 2.00 X 0 0 0 SCOTT HARRINGTON BOARD MEMBER 2.00 X 0 0 0 KRIS ILGENFRITZ BOARD MEMBER 2.00 X 0 0 0 JENNIFER KUTCHER BOARD MEMBER 2.00 X 0 0 0 KAREN RICHARDS BOARD MEMBER 2.00 X 0 0 0 ROBIN RUSSEL BOARD MEMBER 2.00 X 0 0 0 BART SHILVOCK BOARD MEMBER 2.00 X 0 0 0 NANCY TAUSSIG BOARD MEMBER 2.00 X 0 0 0 JERRY THON BOARD MEMBER 2.00 X 0 0 0 JOHN WARNER BOARD MEMBER 2.00 X 0 0 0 STEPHANIE BOWERS PRESIDENT AND CEO 15.00 X 76696 0 20901 MARK BROVAK SENIOR DIRECTOR AND COO 20.00 X 64164 0 9840 TIMOTHY SZYMANOWSKI ASSOCIATE VICE PRESIDENT 40.00 X 138421 0 14160 279281 0 44901 1 0 1 1 EMERALD BUILDERS INC 1355 PACIFIC PLACE STE 115 FERNDALE WA 98248 CONSTRUCTION 173103 1 107724 928 102944 8429399 932546 8640995 ENDOWMENT MGMT FEES 561000 1139979 1139979 UNIV. SUPPORTED EVENTS 561000 76403 76403 1216382 1041764 1041764 49200 79147 -29947 -29947 -29947 38377388 500000 38377619 0 -231 500000 499769 499769 9674 928 15161 -5487 -5487 OTHER REVENUE 900099 55667 55667 55667 11419143 1216382 0 1561766 1453044 1453044 2359715 2359715 551779 352361 199418 8292 4969 3323 38378 38378 153478 117736 35742 230889 171508 16346 43035 122535 6914 3800 111821 303536 181216 35878 86442 151693 124279 16605 10809 125667 60127 23319 42221 421535 330501 21344 69690 757869 546622 33406 177841 21586 13248 8338 84395 42666 41729 ADMINISTRATIVE EXPENSES 960780 960780 EQUIPMENT 446704 446704 REPAIRS AND MAINTENANCE 248141 247180 751 210 DUES AND TRAINING 149663 118975 7293 23395 8589679 7538545 277914 773220 623558 825212 5372298 4633041 500857 124585 6375 49868 640227 61608 518144 578619 80023415 90453120 5495965 5898141 92540612 102562586 169419 452908 416434 374675 13645920 13765587 606598 578191 14838371 15171361 X 14877065 17716302 19092065 23407685 43733111 46267238 77702241 87391225 92540612 102562586 2829464 6859520 0 X 0 1 X 1 0 X 5679270 6176586 12732802 10811036 8640995 44040689 2730236 2913341 2996763 3019639 3176096 14836075 8409506 9089927 15729565 13830675 11817091 58876764 7054829 51821935 1113012 1324668 1316214 1309312 1090964 6154170 24929 18229 19468 35629 55667 153922 65184856 4993455 0.79500 0.78070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2012 AMOUNT: $ 24,929. 2013 AMOUNT: $ 18,229. 2014 AMOUNT: $ 19,468. 2015 AMOUNT: $ 35,629. 2016 AMOUNT: $ 55,667. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 59407261 3092806 7378264 3601144 66277187 59716407 6410911 -1581488 5138569 59407261 47233014 10660853 1930439 107899 59716407 40846320 1365864 6757460 1736630 47233014 35342263 2309964 5377061 2182968 40846320 0.16920 0.67500 0.15580 0 0 163758 163758 397442 56304 341138 79027 5304 73723 578619 LAND - LONG TERM POOL 3153290 F REAL PROPERTY INVESTMENTS 750380 F ANNUITY & LIFE INVESTMENTS 1994471 C 5898141 ANNUITY AND LIFE INCOME PAYABLES 578191 578191 21549067 6859520 3176096 10035616 11513451 -94308 -94308 11419143 11860083 3176096 94308 3270404 8589679 0 8589679 PART IV, LINE 2B: THE FOUNDATION SERVED AS AN AGENT OF NORTHWEST INDIAN COLLEGE FOUNDATION (NWICF) TO INVEST AND MANAGE THE FUND'S ASSETS. UP TO 50% OF THE ENDOWMENT EARNINGS WERE USED TO PROVIDE SCHOLARSHIPS TO NEEDY STUDENTS WHO WERE GRADUATES OF, OR STUDENTS RECOMMENDED BY, NORTHWEST INDIAN COLLEGE. DURING THE YEAR ENDED JUNE 30, 2017, THE FOUNDATION AND NWICF AGREED THAT THE FOUNDATION WOULD RETURN THE NWICF'S ORIGINAL CONTRIBUTION ALONG WITH ITS PORTION OF REINVESTED EARNINGS IN THE AMOUNT OF $831,168. THE FOUNDATION RECLAIMED ITS ORIGINAL CONTRIBUTION TO FUND ALONG WITH ITS PORTION OF REINVESTED EARNINGS IN THE AMOUNT OF $390,564. THE FOUNDATION ALSO SERVES AS AN AGENT OF THE WESTERN WASHINGTON UNIVERSITY TO INVEST AND MANAGE THE FUND'S ASSETS. THESE ASSETS HAVE BEEN MERGED WITH THE ENDOWMENT INVESTMENTS OF THE FOUNDATION TO FORM A SINGLE INVESTMENT POOL FOR ENDOWMENTS. THE UNIVERSITY'S FUNDS ARE MAINTAINED SEPARATELY ON THE FINANCIAL SYSTEM OF THE FOUNDATION AND THEY RECEIVE A PROPORTIONAL SHARE OF THE INVESTMENT POOL'S ACTIVITY. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT: WESTERN WASHINGTON UNIVERSITY SCHOLARSHIPS AWARDED TO INDIVIDUAL STUDENTS, PROGRAM SERVICES FOR EQUIPMENT PURCHASES, FACULTY AND STUDENT TRAVEL TO CONFERENCES OR RESEARCH VENUES, HONORARIA FOR LECTURES, PURCHASES OF SUPPLIES, AND OTHER PURCHASES THAT SUPPORT THE UNIVERSITY. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -79,147. SPECIAL EVENT EXPENSES -15,161. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 79,147. SPECIAL EVENT EXPENSES 15,161. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 8805850 0 0 0 0 0 0 8805850 0 8805850 1 0 1 1 0 0 PART I, LINE 3: THE FAIR MARKET VALUE OF THE INVESTMENTS WAS USED AS THE VALUE. CERTAIN FOREIGN FILINGS THE FOUNDATION INVESTED IN FOREIGN INVESTMENTS DURING THE YEAR. HOWEVER, THE INVESTMENTS DID NOT MEET THE REQUIREMENTS FOR FILING FORMS 5471 OR 8621. 1 WESTERN WASHINGTON UNIVERSITY 516 HIGH STREET BELLINGHAM WA 98225 916000562 170(C)(1) 832257 620787 FMV VARIOUS ITEMS AS DETAILED ON SCHEDULE M ALL GRANTS ARE MADE TO SUPPORT THE MISSION OF WESTERN WASHINGTON UNIVERSITY. GRANTS ARE MADE TO SUPPORT ACADEMIC PROGRAMS AT THE UNIVERSITY. 1 0 SCHOLARSHIPS 1344 2359715 BOOK SCHOLARSHIPS FOR STUDENTS OF WESTERN WASHINGTON UNIVERSITY. PART I, LINE 2: ALL GRANTS ARE MADE TO WESTERN WASHINGTON UNIVERSITY IN ACCORDANCE WITH THE FOUNDATION'S MISSION. THE FOUNDATION WORKS CLOSELY WITH THE UNIVERSITY TO ENSURE FUNDS ARE EXPENDED FOR THE PURPOSE INTENDED, USUALLY SPECIFIED BY THE DONOR. 0 0 0 0 0 0 0 0 0 STEPHANIE BOWERS PRESIDENT AND CEO 76696 0 0 0 0 0 20901 0 0 0 97597 0 0 0 MARK BROVAK SENIOR DIRECTOR AND COO 64164 0 0 0 0 0 9840 0 0 0 74004 0 0 0 TIMOTHY SZYMANOWSKI ASSOCIATE VICE PRESIDENT 138421 0 0 0 0 0 14160 0 0 0 152581 0 0 0 SCHEDULE J, PART II, COMPENSATION: COMPENSATION IS DETERMINED AND PAID BY WESTERN WASHINGTON UNIVERSITY, AN UNRELATED ORGANIZATION. X 8 18650 FAIR MARKET VALUE X 88943 FAIR MARKET VALUE X 9295 FAIR MARKET VALUE X 21 312065 FAIR MARKET VALUE X 1 300 FAIR MARKET VALUE X MISCELLANEOUS 16 443604 FAIR MARKET VALUE X AUCTION ITEMS 232 50738 FAIR MARKET VALUE X FOOD 15 7841 FAIR MARKET VALUE X GIFT CERT. 22 1110 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN SCHEDULE M, PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART 1, LINE 6: AMOUNT REPRESENTS ESTIMATE OF COMMUNITY VOLUNTEERS THAT INTERACT WITH FOUNDATION STAFF ON VARIOUS ISSUES IN SUPPORT OF WESTERN WASHINGTON UNIVERSITY. INFORMATION WAS PROVIDED BY RECEIVING ESTIMATES FROM STAFF WITH THE INTERACTION WITH COMMUNITY VOLUNTEERS. SERVICES AND BENEFITS RANGE FROM HOURS OF VOLUNTEERING AT VARIOUS FUNCTIONS TO SERVING ON THE BOARD OR COMMITTEES. FORM 990, PART V, LINE 2A: ALL EMPLOYEES ARE PAID BY WESTERN WASHINGTON UNIVERSITY. THEREFORE, THERE ARE NO EMPLOYEES REPORTED BY THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 THE REVISIONS TO THE BYLAWS WERE ADOPTED ON JUNE 23, 2017. THE ORGANIZATION REORGANIZED THE BOARD STRUCTURE TO PLACE MORE GOVERNANCE RESPONSIBILITY ONTO ITS EXECUTIVE COMMITTEE AND TO REFOCUS THE BOARD ON MORE DEVELOPMENT WORK. ADDITIONALLY, THE BOARD WILL NOW MEET TWO TIMES PER YEAR RATHER THAN FOUR. THE EXECUTIVE COMMITTEE WILL CONTINUE TO MEET FOUR TIMES PER YEAR. ALSO, A SECTION WAS ADDED TO THE BYLAWS ABOUT DIRECTORS EMERITUS AND HOW THESE MEMBERS WILL BE APPOINTED. ONE NEW OFFICER, THE VP AND CFO, WAS ADDED AS AN EX OFFICIO MEMBER OF THE BOARD. FINALLY, THE BYLAWS RENAMED THE GOVERNANCE COMMITTEE AS THE BOARD DEVELOPMENT COMMITTEE, AND INCLUDED A NEW STANDING COMMITTEE, THE STRATEGIC INITIATIVES COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED BY OUTSIDE TAX COUNSEL. ONCE COMPLETED THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT AND THE AUDIT AND FINANCE COMMITTEE. A FINAL COPY OF THE FORM 990 IS PROVIDED TO THE BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS, AND KEY VOLUNTEERS ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. ANY CONFLICTS ARE REVIEWED BY THE EXECUTIVE DIRECTOR WHO THEN DETERMINES WHETHER A CONFLICT EXISTS. IF NECESSARY, THE BOARD EXECUTIVE COMMITTEE WILL FOLLOW-UP TO ENSURE THAT ALL MEMBERS COMPLETE THE DISCLOSURE FORM. IF A CONFLICT DOES EXIST, THE BOARD MEMBER WILL RECUSE HIM OR HERSELF FROM VOTING AND DISCUSSION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT PAY COMPENSATION. HOWEVER, THERE IS COMPENSATION REPORTED FROM AN UNRELATED ORGANIZATION IN PART VII; WHICH IS DETERMINED AND REVIEWED BY WESTERN WASHINGTON UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, KEY POLICY DOCUMENTS, FORM 990, AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. CHARITABLE UNITRUST(5) INVESTMENTS WA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0