2017-05-12T19:19:41-07:00 2016-06-30 990 2015-07-01 930634049 MARYLHURST UNIVERSITY MARY 5036368141 PO Box 261 Marylhurst OR 970360261 Jennifer Chambers VP for Finance & Administration 5036368141 2017-05-12 2015 2021-01-29 14:40:06Z Melody Rose PO Box 261 Marylhurst OR 970360261 20908436 0 0982 X www.marylhurst.edu X 1893 OR Marylhurst University is a Catholic liberal arts university providing higher education through both on-campus and on-line educational programs. 28 27 516 31 0 0 1528071 1375992 16899011 14201130 2662301 729488 455158 429375 21544541 16735985 1768483 1522333 0 0 10680428 10481853 0 0 405954 8073954 7969292 20522865 19973478 1021676 -3237493 44477677 39895993 3186150 3321589 41291527 36574404 Marylhurst University is a Catholic liberal arts university nationally recognized for its dedication to excellence in the education of self-directed adult learners seeking relevant, rigorous and innovative undergraduate and graduate programs. Students of all ages and walks of life come to Marylhurst to transform their lives in some way; here, they get very personalized attention to help them do just that. Through both on-campus and online programs, Marylhurst creates collaborative learning environments that value and challenge each individual, with a focus on clearly defined outcomes. Marylhurst excels in integrating professional programs and the liberal arts through curriculum that emphasizes interdisciplinary learning and prepares students to lead lives of ethical leadership, service and social responsibility. 0 0 12379636 1522333 14201130 Higher Education student population: 669 undergraduate students and 660 graduate students. Higher Education degrees granted: 163 bachelor degrees and 238 graduate degrees. 0 0 0 12379636 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1641 0 1 516 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OR X Victoria Harbick 5036368141 Marylhurst University PO Box 261 Marylhurst OR 970360261 Scott Bolton Trustee, Chair 1 0 X 0 0 0 Kristin Stathis Trustee, Secretary-Treasurer 1 0 X 0 0 0 Eileen Brown SNJM Trustee 1 0 X 0 0 0 Roswitha Frawley SNJM Trustee 1 0 X 0 0 0 Lynda Thompson SNJM Trustee 1 0 X 0 0 0 Ceclia A Ranger SNJM Trustee 1 0 X 0 0 0 Mary Burke SNJM Trustee 1 0 X 0 0 0 Diana Pierce Knox Trustee 1 0 X 0 0 0 Larry Choruby Trustee 1 0 X 0 0 0 Sam W Shoen MD Trustee 1 0 X 0 0 0 William C Barr Trustee 1 0 X 0 0 0 Andy MacRitchie Trustee 1 0 X 0 0 0 Rebecca DeCesaro Trustee 1 0 X 0 0 0 Greg Hogensen Trustee 1 0 X 0 0 0 Edward J Vranizan Trustee 1 0 X 0 0 0 Stephen P Zimmer Trustee 1 0 X 0 0 0 Martin Ringle Trustee 1 0 X 0 0 0 Judie Hammerstad Trustee 1 0 X 0 0 0 Jane Hibbard SNJM Trustee 1 0 X 0 0 0 Patricia Smith Trustee 1 0 X 0 0 0 Kirk Mouser Trustee 1 0 X 0 0 0 Chip Terhune Trustee 1 0 X 0 0 0 Steve Brown Trustee 1 0 X 0 0 0 Tim Stempel Trustee 1 0 X 0 0 0 Sue Hildick Trustee 1 0 X 0 0 0 Vicki Nakashima Trustee 1 0 X 0 0 0 Brenda Meltebeke Trustee 1 0 X 0 0 0 Melody Rose President 40 0 X 254844 0 9364 Sr Joan Saalfeld VP for Mission Integration 10 0 X 15134 0 0 Elizabeth Woodward VP for Enrollment Management 40 0 X 98560 0 10130 Debra Meyers VP for Finance & Campus Services 40 0 X 105000 0 9048 Nicola A Sysyn VP for University Advancement 40 0 X 102000 0 9033 Ann Marie Fallon Provost 40 0 X 49448 0 2964 Judith Johansen President 0 0 X 76320 0 0 701306 0 40539 3 1 1 0 NCS Pearson Inc 13036 Collection Center Drive Chicago IL 60693 Educational Assessment 2086414 VOYA PO Box 3015 Portland OR 972084167 Retirement Investment Services 557057 West Coast Visa 5000 Meadows Road Lake Oswego OR 97035 Banking 419253 BON APPETIT PO Box 417632 Boston MA 022417632 Campus Food Services 297307 Jenzabar PO Box 55018 Boston MA 022055018 ERP System 159001 9 0 0 140759 0 71815 1163418 291865 1375992 Tuition 611310 14201130 14201130 0 0 0 0 0 0 14201130 614817 0 0 614817 0 0 0 0 0 0 0 0 335822 0 103882 0 231940 0 231940 0 0 231940 3940097 0 3825426 0 114671 0 114671 0 0 114671 24131 140759 145103 -120972 0 -120972 0 0 0 0 0 0 162800 98040 64760 0 0 64760 Billing Fees 611310 24442 0 0 24442 Library Fees 611310 8551 0 0 8551 220654 0 0 220654 253647 16735985 14201130 0 1158863 X 0 0 1522333 1522333 0 0 0 0 773696 222126 459770 91800 0 0 0 0 7337324 5847659 1352327 137338 8500 6460 1708 332 1747370 1335501 353171 58698 614963 467360 123592 24011 0 0 0 0 55212 0 55212 0 96553 0 96553 0 0 0 0 0 0 0 55461 0 55461 0 2739685 1888584 822927 28174 649975 595 649380 0 646124 216985 415782 13357 608492 316948 269390 22154 1471 1471 0 0 700482 19891 679721 870 203347 182525 14677 6145 0 0 0 0 24327 16721 7531 75 41889 0 41889 0 0 0 0 0 1814202 205241 1608961 0 84643 1000 83643 0 Food 92646 56205 14916 21525 Small Equipment 4166 2929 1237 0 Memberships 150617 69102 80040 1475 0 0 0 0 19973478 12379636 7187888 405954 X 0 0 0 0 1933073 1521160 1069191 1389448 451256 335842 690088 641957 0 0 0 0 461961 451540 99234 90045 438739 452202 34927376 20070937 16587462 14856439 22746673 20157360 0 0 0 0 0 0 0 0 44477677 39895993 1306279 1561887 0 0 400748 343238 0 0 0 0 0 0 41798 10989 210000 175000 1227325 1230475 3186150 3321589 X 20209154 16831454 6048927 4229314 15033446 15513636 41291527 36574404 44477677 39895993 X -3237493 0 0 0 0 -1479630 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 110653 0 0 X X 0 23219905 478522 -3442412 1291389 -127616 112487 18979755 22250129 521539 1459832 881318 -3127 133404 23219905 19181757 755097 3104467 851315 -174048 113927 22250127 17548360 138477 2278578 848748 -165931 100841 19181757 17980193 166252 3444 622202 -109614 88941 17548360 0 1 0 0 0 0 217505 217505 819908 22014650 14182581 8651977 0 0 0 0 0 4603404 3420846 1182558 0 7271909 2467510 4804399 14856439 0 US Government Grants Refundable 381841 Unitrust, Annuity and Agency Funds 50880 FIN 47 Asset Retirement Obligation 797754 1230475 X 14018613 -1486602 0 0 347024 -1139578 15158191 55461 1522333 1577794 16735985 18735736 0 0 0 340052 340052 18395684 0 1577794 1577794 19973478 Schedule D, Part III, Line 4 The University has a small collection of art, historical treasures and other similar assets. The collection includes paintings, pictures, statues and a doll collection. Some pieces have been purchased by the University. Parts of the collection are on display. Schedule D, Part V, Line 4 Scholarships make up 82% of the endowed funds. The remaining 18% of the endowment is restricted to music, general support of the University, and English, literature and writing. Schedule D, Part X, Line 2 Footnote 2(g) reads: The Internal Revenue Service has recognized the University as exempt from federal income taxes under the provisions of Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3) of the Internal Revenue Code except to the extent of unrelated business income under Sections 511 and 515. The University accounts for uncertainty in income taxes in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) No. 740-10, Accounting for Uncertainty in Income Taxes - an interpretation of FASB statement No. 109; however, management has not recorded a provision as of June 30, 2016, as unrelated business income, if any, is immaterial to the financial statements. Schedule D, Part XI, Line 2d Cost of Goods Sold $98,040; Fund Raising Expense $145,103; Depreciation of Leased & Rented Buildings $82,029; Maintenance of Leased & Rented Buildings $21,852; Rounding -$1. Schedule D, Part XI, Line 4b Tuition Discounts of $1,522,333. Schedule D, Part XII, Line 2d Cost of Goods Sold $98,040; Fund Raising Expense $145,103; Depreciation of Leased & Rented Buildings $82,029; Maintenance of Leased & Rented Buildings $21,852; Split Interest Agreement -$6,972. Schedule D, Part XII, Line 4b Tuition Discounts of $1,522,333 and Investment Management Fees of $55,461. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Historically, the University has published its racially nondiscriminatory policy in the Oregonian newspaper. As a result of employee turnover, the University did not publish its racially nondiscriminatory policy in the Oregonian newspaper during fiscal year 2015-2016. During fiscal year 2016-2017, the University has since established a process to ensure its racially nondiscriminatory policy is published annually with the Portland Tribune. Schedule E, Part I, Line 6 The University receives student financial aid from state and federal agencies. Golf 66723 55051 11672 0 1213 12600 9855 0 37088 Annual Dinner 78043 69893 8150 0 3131 0 15963 0 49227 2 20124 15815 4309 0 9805 0 4297 1500 424 164890 140759 24131 0 14149 12600 30115 1500 86739 145103 -120972 1 Tuition Discounts 287 0 614665 Total amount of tuition discounts credited to student account balances. The University offers tuition discounts to members of the Armed Services, as well as other students. Supplemental Education Opportunity Grant (SEOG) 90 21550 0 Actual dollars paid out to students. The University matches federal funds dedicated for the SEOG program at the ratio of one dollar for every three dollars of federal aid received. University Scholarships 278 886118 0 Actual dollars paid out to students University scholarships are provided from endowed, temporarily restricted and unrestricted funds. Generally, they originate from a donor contribution made in order to establish or fund a university scholarship. Schedule I, Part I, Line 2 The aid provided is in the form of scholarships and discounts awarded to students. The University has a well developed system of internal controls for Admissions, Financial Aid, Registration, Student Accounts and Accounting. The system is monitored by experienced staff who ensure the use of aid is in compliance with all governing laws, regulations and policies. X 0 1 X X X 1 0 0 0 0 0 0 0 0 Melody Rose President 254844 0 0 0 0 0 0 0 9364 0 264208 0 0 0 Elizabeth Woodward VP for Enrollment Management 98560 0 0 0 0 0 0 0 10130 0 108690 0 0 Debra Meyers VP for Finance & Campus Services 105000 0 0 0 0 0 0 0 9364 0 114364 0 0 0 Judith Johansen President 0 0 0 0 76320 0 0 0 0 0 76320 0 0 0 Schedule J, Part I, Line 1a The University pays membership dues to the University Club of Portland. Schedule J, Part I, Line 1b The University has strong policies and procedures established in the University Accounting Department and a developed procurement policy. Although there isn't a spending policy which addresses payment of social dues for its Officers, there are policies and procedures for ensuring that expenditures are incurred for business purposes. The membership fees are for business and thus were properly authorized and processed in the University Accounting Department. Schedule J, Part I, Line 4 The University made severance payments totaling $76,320 to Judith Johansen, (former) President. X 1 150 FMV X 15 246695 Ending FMV on day received X 19 27095 Cost X Travel & Recreation 16 5496 FMV X Tickets & Similar 19 2748 FMV X Other 52 9681 FMV 0 0 1 1 Schedule M, Part I The number reported on Schedule M, Part I in Column (b) represents the number of contributions received, and does not represent a tally of the number of individual items received. Schedule M, Part I, Line 9 When the University is notified of a stock donation, the University's Advancement Department separates the donation by stock symbol and assigns a unique ID to each group of stocks. The unique IDs are then counted to determine the number of security contributions. Accordingly, each group of stocks is counted as one donation. Schedule M, Part I, Line 32b For gifts of stock, prospective donors notify the University's Advancement Department of their intent to donate stock. The Advancement Department provides the donor with the Charles Schwab account number, records the gift into the donor receiving record at closing FMV on the gift date, assigns a unique gift identification number, and notifies the Controller. The Controller authorizes the immediate sale of stock upon receipt in accordance with policy. Charles Schwab sells the stock with a market order upon request. Form 990, Part VI, Section B, Line 11b The Board of Trustees has delegated the review of the Form 990 to the Audit Committee. Prior to filing, the Form 990 is reviewed internally by the Audit Committee, President, Vice President for Finance and Administrative Services, and Controller. Subsequent to this review, the Audit Committee reports back to the Board of Trustees regarding its oversight of the Form 990. The final Form 990 is made available to all members of the Board of Trustees prior to filing the return with the IRS. The Form 990 is electronically filed. Paper copies are made available upon request. Form 990, Part VI, Section B, Line 12c Key employees, officers and Trustees annually review and sign the University's Conflict of Interest Disclosure form. The Board of Trustees is made aware of any conflicts of interest. Those with conflicts of interest are to refrain from participating in consideration of proposed transactions unless the Board or Administration requests information or interpretation. Trustees or officers with conflicts shall not vote. At the request of the Board Chair, the covered person with a conflict may be asked to leave the meeting during discussion and/or vote. Human Resources and the President's Office monitor for compliance. Form 990, Part VI, Section C, Line 19 While 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 these documents available upon request. Form 990, Part IX, Line 11g Total expense is related to contracted services; $2.1M of which was incurred for services provided by Pearson Embanet. Form 990, Part XI, Line 9 Unrealized loss on investments of -$1,486,602 and change in slit interest agreement of $6,972. Charitable Remainder Trust PO Box 261 Marylhurst OR 970360261 Charitable Remainder Trust OR N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The University filed an Application for Extension of Time to File an Exempt Organization Return with the IRS and was granted an extension to file through February 15, 2017. The University requested a second extension via letter and was granted an extension to file through May 15, 2017.