2017-05-12T18:23:02-07:00 2016-06-30 911194016 Clark Nuber PS 10900 NE 4th Street Suite 1700 Bellevue WA 98004 990 2015-07-01 910565006 SEATTLE UNIVERSITY SEAT 2062966150 901 12th Avenue Seattle WA 981221090 Stephen V Sundborg SJ President 2062966150 2017-05-15 1 Sara Elizabeth J Hyre P00235495 4254544919 2017-05-15 2015 2021-01-29 14:40:06Z Stephen V Sundborg SJ President 901 12th Avenue Seattle WA 981221090 332938750 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 35 4164 112 0 0 40326490 42391107 262538886 272790106 3252385 5134125 -349096 -446858 305768665 319868480 69534891 78485011 0 0 137537883 144258261 0 0 4749345 75887521 70547163 282960295 293290435 22808370 26578045 665217568 687830919 177267218 182053403 487950350 505777516 Seattle University is dedicated to educating the whole person, to professional formation, and to empower leaders for a just and humane world. 0 0 246656721 78485011 272787106 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 7,400 students are enrolled in undergraduate and graduate programs within nine schools and colleges. In the academic year 2015-16, the University enrolled 7,481 students and awarded 1224 bachelor's degrees or equivalents, 146 post-baccalaureates, 739 master's degrees, 27 post-master's certificates, and 246 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 one of the top universities in the West, according to U.S. News & World Report: Best Colleges 2017. The university ranks eighth 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 more than a dozen years. Among U.S. News specialty rankings, the Albers School of Business and Economics ranks #16 for finance in the nation, #2 in the West and #1 in the Northwest. The Albers accounting program tied for #23 in the nation and ranked #4 on the West Coast and #2 in the Northwest. The College of Science and Engineering ranked #31 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 #14 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 and the graduate Accounting specialization ranks #16 among the top programs of its kind. The part-time Professional MBA program is #2 in the Northwest and #59 in the U.S. Hip, straightforward and consulted by millions of future students and their families, The Fiske Guide to College considered 2,200 four-year colleges in the U.S., Canada and Great Britain before choosing just 320 institutions-the top 15%-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 children. 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, faculty and staff 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) 2016 Sustainability Tracking, Assessment & Rating System (STARS). SU is ranked #6 nationally among master's universities in AASHE's 2016 Sustainable Campus Index. 0 0 0 246656721 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 9731 0 1 4164 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 35 0 0 1 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 Mohamed Alabbar 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 Patrick M Kelly SJ Trustee, Assoc Prof Arts and Sciences 37.5 0 X 52999 0 0 Thomas M Lucas SJ Trustee, Prof Arts and Sciences 37.5 0 X 48960 0 0 Michael C McCarthy SJ Trustee 0.5 0 X 0 0 0 Thomas Neitzke SJ Trustee 0.5 0 X 0 0 0 Carol K Nelson 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 Jennifer Turpin 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 41373 0 0 Betty Woods Trustee 0.5 0 X 0 0 0 Jeffrey J Wright Trustee 0.5 0 X 0 0 0 Kathleen H Aikenhead Trustee 0.5 0 X 0 0 0 Pat Callans Trustee 0.5 0 X 0 0 0 Joe 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 420600 0 0 Isiaah Crawford Provost 37.5 0 X 309155 0 37363 Marilyn Ann Crone VP for Enrollment Mgt 37.5 0 X 210772 0 27601 Robert J Dullea VP Planning and Vice Prov 37.5 0 X 196291 0 63592 Gerald V Huffman VP Human Res and Univ Serv 37.5 0 X 165511 0 23507 Constance R Kanter CFO/VP for Fin and Business Affairs 37.5 0 X 240282 0 39126 Timothy P Leary Executive Vice President 37.5 0 X 246724 0 75089 Michele C Murray VP of Student Dev 37.5 0 X 181971 0 24061 Mary S Petersen VP and University Counsel 37.5 0 X 229919 0 38076 Michael W Podlin VP University Advancement 37.5 0 X 248616 0 31405 Scott K McClellan VP, Communications 37.5 0 X 179748 0 32812 Peter B Ely SJ VP for Mission and Ministry 37.5 0 X 35500 0 0 Annette E Clark Dean 37.5 0 X 315178 0 32585 Joseph M Phillips Jr Dean 37.5 0 X 253306 0 40492 David V Powers Dean 37.5 0 X 194753 0 30529 Michael Jay Quinn Dean 37.5 0 X 187881 0 32489 Deanna J Sands Dean 37.5 0 X 193876 0 20293 Kristen M Swanson Dean 37.5 0 X 250380 0 30239 Janet E Ainsworth Professor 37.5 0 X 213934 0 25375 Cameron Dollar Head Mens Basketball Coach 37.5 0 X 288470 0 94215 Charles O'Kelley Rt Professor 37.5 0 X 313143 0 32945 David Michael Skover Professor 37.5 0 X 209045 0 27011 Steven W Bender Professor 37.5 0 X 215098 0 33145 5443485 0 791950 214 0 1 0 Ellucian Company LP 62590 Collections Center Dr Chicago IL 60693 Information technology services 5809283 Witt Fiala Flannery & Assoc PO Box 958204 St Louis MO 63195 Janitorial services 2246018 RAFN Company 1721 132nd Ave NE Bellevue WA 98005 Construction contracting 6452354 Arthur J Gallagher Risk Mgmt Services 2825 Eastlake Avenue Suite 110 Seattle WA 98102 Insurance 824631 Delta Dental PO Box 75983 Seattle WA 98175 Insurance 1114551 72 0 0 962697 0 6627836 34800574 2811988 42391107 Tuition and fees 611310 251578414 251578414 0 0 Auxiliary 611310 14660956 14660956 0 0 6550736 6550736 0 0 272790106 1714068 0 0 1714068 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15570909 0 12150852 0 3420057 0 3420057 0 0 3420057 472560 962697 919418 -446858 0 -446858 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 319868480 272790106 0 4687267 0 0 78485011 78485011 0 0 0 0 5489033 2795896 2693137 0 0 0 0 0 104334081 87225367 14405466 2703248 9384269 7705770 1444811 233688 17073601 14020244 2628166 425191 7977277 6550331 1228299 198647 42790 15408 27382 0 1147508 44365 1103143 0 171990 12750 159240 0 13114 0 13114 0 0 0 1206428 0 1206428 0 2603568 2113816 159105 330647 2141918 1563331 448449 130138 3542906 2008982 1308824 225100 7864043 4040960 3798302 24781 0 0 0 0 7469794 5739819 1729380 595 4623622 4266407 315631 41584 0 0 0 0 3067466 2233980 607370 226116 5200159 3842741 1357418 0 0 0 0 0 15653237 13223623 2429614 0 1696837 117209 1579547 81 Supplies 3823398 2522680 1257782 42936 Retail services 6771130 5028227 1741413 1490 Purchases for resale 217530 15533 120090 81907 3289725 3084271 122258 83196 293290435 246656721 41884369 4749345 10120740 17478471 70527673 80524456 23311951 39991549 5674878 5792235 0 0 0 0 7238685 6524265 421082 26831 4754368 3867610 487107459 168660472 315724314 318446987 62821532 63182384 141051567 125488750 0 0 4940524 4940523 18630254 21566858 665217568 687830919 25089772 24873403 0 0 3145778 8793206 129224403 127681263 2283045 2517241 0 0 0 0 0 0 17524220 18188290 177267218 182053403 X 287184053 289699507 88922267 95663413 111844030 120414596 487950350 505777516 665217568 687830919 26578045 -8750879 0 0 0 0 X 0 1 X 1 1 1 X 18368355 16427929 44574763 40326490 42747725 162445262 0 0 0 0 0 0 0 0 0 0 0 0 18368355 16427929 44574763 40326490 42747725 162445262 30967093 131478169 1736997 2590344 1518202 2600714 1714068 10160325 0 0 0 0 0 0 0 0 0 0 0 0 172605587 1277295286 0.76173 0.69647 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 13114 0 0 13114 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 $8,758.79 of dues attributable to lobbying activities. Line 1g also includes $1,828.37 in travel costs related to lobbying activities. 0 0 X X X 0 0 1 X 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 178758605 3879210 -1985829 0 6502046 0 174149940 0.26 0.62 0.12 0 0 0 61803373 61803373 0 352246785 126983912 225262873 0 4881268 3557879 1323389 0 26611363 11486544 15124819 0 41564670 26632137 14932533 318446987 0 F 0 F Collective investment funds 52132711 F Hedge funds 28359222 F Private equity partnerships 24567462 F All other investments 728000 F Investment in commercial real estate 19701355 C 125488750 Assets held under split interest agreements 14246766 Construction in progress 3949946 Funds held in trusts by others 2112942 Unamortized bond issuance costs 1257204 21566858 0 US Government loan funds 5964779 Liabilities under split-interest agreements 9075859 Unrealized loss on int. rate swap agreement 2563654 Asset retirement obligations 583998 18188290 X 233552008 -8750879 0 0 -78485011 -87235890 320787898 0 -919418 -919418 319868480 215724842 0 0 0 919418 919418 214805424 0 78485011 78485011 293290435 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, 2016 or 2015. 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 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 $78,485,011 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 $919,418 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 $919,418 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 $78,485,011 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 students admissions, programs and scholarships. Schedule E, Part I, Line 5 The university's overall financial aid program consists of many scholarships, 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 in 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, local, 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, 2016) 21821425 Central America and the Caribbean 0 0 Program Services Study abroad 56666 Europe (including Iceland and Greenland) 0 0 Program Services Study abroad 476932 East Asia and the Pacific 0 0 Program Services Study abroad 283 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study abroad 10302 0 0 22365608 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 737095 576095 161000 0 0 0 144012 145020 79306 Red Tie 449556 219001 230555 0 0 3500 55346 0 310386 4 248606 167601 81005 0 0 4625 66616 1325 109282 1435257 962697 472560 0 0 8125 265974 146345 498974 919418 -446858 1 Grants and scholarships funded from Endowments 2179 0 6524207 Book Financial aid Grants and scholarships funded from gifts from private donors 987 0 2782303 Book Financial aid Grants and scholarships funded from grants from private and governmental institutions 1143 0 2003238 Book Financial aid Grants and scholarships funded from institutional funds 5385 0 67175263 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 0 0 0 0 0 0 0 0 0 Stephen V Sundborg SJ Trustee (ex officio), President 420600 0 0 0 0 0 0 0 0 0 420600 0 0 0 Isiaah Crawford Provost 309155 0 0 0 0 0 26500 0 10863 0 346518 0 0 0 Marilyn Ann Crone VP for Enrollment Mgt 210772 0 0 0 0 0 21155 0 6445 0 238372 0 0 0 Robert J Dullea VP Planning and Vice Prov 196291 0 0 0 0 0 19371 0 44221 0 259883 0 0 0 Gerald V Huffman VP Human Res and Univ Serv 165511 0 0 0 0 0 16929 0 6579 0 189019 0 0 0 Constance R Kanter CFO/VP for Fin and Business Affairs 240282 0 0 0 0 0 25275 0 13851 0 279408 0 0 0 Timothy P Leary Executive Vice President 246724 0 0 0 0 0 25400 0 49689 0 321813 0 0 0 Scott K McClellan VP, Communications 179748 0 0 0 0 0 18957 0 13855 0 212560 0 0 0 Michele C Murray VP of Student Dev 181971 0 0 0 0 0 18916 0 5144 0 206031 0 0 0 Mary S Petersen VP and University Counsel 229919 0 0 0 0 0 23865 0 14211 0 267995 0 0 0 Michael W Podlin VP University Advancement 248616 0 0 0 0 0 25000 0 6405 0 280021 0 0 0 Annette E Clark Dean 315178 0 0 0 0 0 26500 0 6085 0 347763 0 0 0 Joseph M Phillips Jr Dean 253306 0 0 0 0 0 26277 0 14215 0 293798 0 0 0 Kristen M Swanson Dean 250308 0 0 0 0 0 24500 0 5739 0 280547 0 0 0 David V Powers Dean 194753 0 0 0 0 0 20070 0 10459 0 225282 0 0 0 Michael Jay Quinn Dean 187881 0 0 0 0 0 19616 0 12872 0 220369 0 0 0 Deanna J Sands Dean 193876 0 0 0 60000 0 19380 0 913 0 274169 0 0 0 Cameron Dollar Head Mens Basketball Coach 288470 0 0 0 60000 0 20000 0 14215 0 382685 0 0 0 Charles O'Kelley Rt Professor 313143 0 0 0 0 0 26500 0 6445 0 346088 0 0 0 David Michael Skover Professor 209045 0 0 0 0 0 20924 0 6086 0 236055 0 0 0 Steven W Bender Professor 215098 0 0 0 0 0 21972 0 11173 0 248243 0 0 0 Janet E Ainsworth Professor 213934 0 0 0 0 0 20614 0 4760 0 239308 0 0 0 Schedule J, Part I, Line 1a The University paid $20,014.99 in club dues for certain officers and other employees for business-related purposes as follows: Rainier Club ($9,815.93): Annette Clark $3,118.50, Stephen V. Sundborg SJ $3,310.35, Joseph M. Phillips Jr $3,387.08; Rotary Club ($4,140.00): Stephen V. Sundborg SJ $1,980.00, Joseph M. Phillips Jr $2,160.00; University Club ($1,705.21): Stephen V. Sundborg SJ $1,705.21; Washington Athletic Club ($4,353.85): Stephen V. Sundborg SJ $86.00, Law school $545.00, Mai Nguyen $466.50, Bill Hogan $3,253.35. The University provided housing allowances to the following officers, key employees and highly-compensated employees: Cameron Dollar and Deanna J. Sands each receive $60,000. 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 36255000 0 38075000 0 0 0 931512 0 0 37143488 0 0 2009 0 0 1 1 B 8475000 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 2565000 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 660000 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. 807595 Life science lab and office lease 0 Erin Swezey Ms. Swezey is married to Timothy Leary, the University's Executive Vice President. 82441 Ms. Swezey is a member of the faculty of the College of Education. 0 X 1 3000 FMV X 42 2347039 FMV X 1 185000 FMV X Auction items 387 352539 FMV X 2008 Miles 2x40stVehicle 1 2000 FMV X Electronics 60 7170 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. Schedule M, Part I, Lines 25-28 The amount reported in Schedule M, Part II, column b, line 25 represents the number of items donated for auction. Form 990, Part VI, Section A, Line 2 Trustee Trainer and Trustee Wright each has a business or financial interest in an entity that owns or operates a mixed use structure on property leased from Seattle University and that provides housing opportunities for students and faculty. Form 990, Part VI, Section A, Line 4 The following changes were made to Seattle University's Bylaws. FY16: July 1, 2015 through June 30, 2016 The Board of Trustees adopted Amended and Restated Bylaws of Seattle University. The following are the material changes: * The Board of Members is now called the "Jesuit Board of Members" or "Jesuit Board," and provisions relating to the Jesuit Board of Members were moved to the end of the Bylaws to avoid confusion with the role of the Board of Trustees. * In Articles I and II, an introductory statement affirming the Jesuit Catholic history and identity of SU, and clarifying the broad powers of the Board of Trustees, were added. Detailed enumerated powers of the Board have been eliminated in favor of broader, general language. Six Trustees (versus seven), including the President (if Jesuit) are required to be Jesuits. If the President is not a Jesuit, then one of the Trustees on the Executive Committee must be a Jesuit. The President is no longer required to be a Jesuit. * In Article II, Section 2, the number of Trustees was changed from 35 to a minimum of 30, but not more than 40. In Section 9, the conflict of interest provisions were simplified and the existing annual disclosure process was added; the operative definition of a conflict of interest was not significantly changed. * Section 5 now states that the Corporate Secretary serves as Secretary of the Board, (but will not be a Trustee), and is granted authority to attend all meetings of the Board, including Executive Session, unless the Board Chair excuses them. * In Article IV, Section 3, a special meeting of the Board can now be called by five or more Trustees (rather than a majority of the Trustees). * Article V, clarified and documented the authority granted to, and distinguished between, different levels of Board appointed committees. "Standing Committees" are listed in detail and clear authority is granted to create additional temporary or permanent committees which, together with the Standing Committees, are described as "Board Committees." Committee powers, member qualifications and process for appointment of the Board Committees were clarified and align with state law. * Article VI, Section 5 requires the President be a Roman Catholic and that he/she advance and maintain the Catholic and Jesuit identity of SU. Section 8 clarifies that the Secretary is the University Counsel. * Articles VII, VIII and IX clarify the role of the Jesuit Board of Members, their authority, and process, including authority (a) to appoint three members to the Board of Trustees, (b) to approve changes to the Articles of Incorporation or Bylaws (along with the Board of Trustees), (c) to approve the sale or lease of any University properties having a fair market value of more than $15,000,000 (previously this was $300,000), (d) and to approve any plan of dissolution. The Board of Trustees approved Articles of Amendment and Restated Articles of Incorporation of Seattle University. The material amendments are as follows: *Article VI reflects that the Members of the corporation will be known as the Jesuit Board of Members or Jesuit Members. *Article VIII provides that amendment to the Bylaws requires a majority vote of each of the Board of Trustees and the Jesuit Board of Members. *Article X provides that amendment to the Articles requires a majority vote of the Board of Trustees and a two-thirds vote of the Jesuit Board of Members. *Article XI, Section 11.7 provides that no repeal or amendment of this article will adversely affect any right or protection of a Trustee, Member or Officer existing at the time of such repeal or amendment. 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 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. Jesuit Members, like Trustees, have a duty to conduct themselves in the best interests of the University consistent with the objectives and purposes of the University as stated in the Articles and Bylaws. The Board of Trustees has final responsibility for the governance of the University in all matters, including the adoption, repeal and revision of the Faculty Handbook, but excluding 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 present at such meeting or represented by proxy are entitled to cast 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 ($15,000,000.00). c. The Jesuit Board of Members selects three Jesuits to serve on the Board of Trustees. 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 Article IV of 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 5, 2017. 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 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 (6) 900 Braodway Admin 120 Seattle WA 981224340 Investment WA Seattle University T 0 Charitable Remainder Annuity Trusts (2) 900 Braodway 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 required to gather the 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.