2016-04-18T11:55:44-05:00 2015-05-31 910189318 MOSS ADAMS LLP PO BOX 22650 YAKIMA WA 989072650 990 2014-06-01 910565571 PACIFIC LUTHERAN UNIVERSITY PACI 2535357119 12180 PARK AVE S TACOMA WA 98447 ALLAN BELTON VICE PRESIDENT, FINANCE 2535357119 2016-04-08 1 WENDY CAMPOS P00448102 5092487750 2016-04-08 2014 2016-08-17 19:52:53Z THOMAS KRISE 12180 PARK AVE S TACOMA WA 98447 163515501 0 X WWW.PLU.EDU X 1920 WA PACIFIC LUTHERAN UNIVERSITY OFFERS MORE THAN 3,200 STUDENTS A UNIQUE BLEND OF STUDIES. ACADEMICALLY RIGOROUS OFFERINGS RANGE FROM THE LIBERAL ARTS TO PROFESSIONAL PROGRAMS. THE UNIVERSITY IS LOCATED 6 MILES SOUTH OF TACOMA, IN SUBURBAN PARKLAND, ON A 156-ACRE WOODED CAMPUS. STUDENTS DEVELOP SKILLS IN DECISION MAKING, ANALYSIS, COMMUNICATION AND REASONING THAT PREPARE THEM FOR A LIFETIME OF SUCCESS - BOTH IN THEIR CAREERS AND IN SERVICE TO OTHERS. PLU IS COMMITTED TO DEVELOPING IN ALL STUDENTS AN UNDERSTANDING OF THE INTERCULTURAL AND INTELLECTUAL RICHNESS OF THE WORLD. ABOUT 50 PERCENT OF STUDENTS SPEND TIME STUDYING ABROAD. THROUGHOUT ITS HISTORY PLU HAS REMAINED CLOSELY AFFILIATED WITH THE LUTHERAN CHURCH AND IS NOW A UNIVERSITY OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. PLU'S MISSION STATEMENT IS TO "EDUCATE STUDENTS FOR LIVES OF THOUGHTFUL INQUIRY, SERVICE, LEADERSHIP AND CARE - FOR OTHER PEOPLE, FOR THE COMMUNITY, AND FOR THE EARTH." 35 29 2986 1851 972034 -121352 13499537 15961272 130955822 130454567 3472799 4902495 2223558 1127716 150151716 152446050 47097692 48575832 0 0 62151006 61952921 0 0 2112335 42147381 39240574 151396079 149769327 -1244363 2676723 244874091 253195273 84399029 93473543 160475062 159721730 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 81094151 48575832 112574826 ACADEMIC INSTRUCTION: PLU OFFERS 44 MAJORS AND 54 MINORS, AS WELL AS GRADUATE AND PROFESSIONAL PROGRAMS IN BUSINESS ADMINISTRATION, CREATIVE WRITING, EDUCATION, FINANCE, MARKETING RESEARCH, MARRIAGE AND FAMILY THERAPY, AND NURSING. THE UNIVERSITY HELPS MORE THAN 3,200 STUDENTS FROM ALL FAITHS AND BACKGROUNDS DISCERN THEIR LIFE'S VOCATION THROUGH COURSEWORK, MENTORSHIP AND INTERNSHIPS AT WORLD-CLASS PUGET SOUND-AREA BUSINESSES AND INSTITUTIONS. PLU SEEKS OUT STUDENTS FROM EVERY POSSIBLE BACKGROUNDALL RELIGIONS, ALL RACES, ALL SOCIOECONOMIC GROUPS, ALL SEXUAL ORIENTATIONSFROM ALL OVER THE WORLD. FOR THE 2014-15 ACADEMIC YEAR, 36 PERCENT OF INCOMING FIRST-YEAR STUDENTS COME FROM FAMILIES WHERE NEITHER NATURAL NOR ADOPTIVE PARENTS RECEIVED A BACCALAUREATE DEGREE; 32 PERCENT SELF-IDENTIFY AS STUDENTS OF COLOR; AND 33 PERCENT ARE PELL GRANT-ELIGIBLE. THE FIRST AMERICAN UNIVERSITY TO HAVE STUDY AWAY CLASSES ON ALL SEVEN CONTINENTS SIMULTANEOUSLY, PLU IS ALSO THE FIRST PRIVATE UNIVERSITY ON THE WEST COAST TO RECEIVE THE PRESTIGIOUS SENATOR PAUL SIMON AWARD FOR CAMPUS INTERNATIONALIZATION. AN HONOREE ON PRESIDENT OBAMA'S HIGHER EDUCATION COMMUNITY SERVICE HONOR ROLL, PLU HOSTS AN EMMY AWARD-WINNING MEDIALAB; A MACARTHUR AWARD-WINNING DETACHMENT OF ARMY ROTC; AN EDWARD R. MURROW AWARD-WINNING PUBLIC RADIO STATION, KPLU; AND MORE THAN 100 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 WAS NAMED FOURTH IN THE WEST FOR BEST COLLEGES FOR VETERANS. IT ALSO RANKS IN THE TOP 4 PERCENT OF MASTER'S UNIVERSITIES NATIONWIDE BY WASHINGTON MONTHLY COLLEGE GUIDE. THE UNIVERSITY HAS PRODUCED 100 FULBRIGHT SCHOLARS SINCE 1975. 15978756 0 871646 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 2014-15 INCLUDED THE WOMEN'S CENTER SPONSORED THREE-DAY WORKSHOP WITH GENDER RECONCILIATION INTERNATIONAL. OVER 30 LUTES PARTICIPATED IN A TRANSFORMATIVE WEEKEND EXPLORING HOW LIVES ARE IMPACTED BY RESTRICTIVE GENDER ROLES. ADDITIONALLY, THE CAREER CONNECTIONS CENTER BROUGHT TOGETHER PLU'S BEST ACADEMIC AND CAREER PLANNING TOOLS TO HELP STUDENTS MAKE A SEAMLESS TRANSITION INTO THE NEXT PHASE OF LIFE, LINKING STUDENTS TO RESOURCES, ADVISORS, OPPORTUNITIES, AND EMPLOYERS. 12621089 0 PLU OFFERS NINE RESIDENCE HALLS; EIGHT TRADITIONAL STYLE RESIDENCE HALLS AND ONE APARTMENT-STYLE COMPLEX. DURING THE 2014-2015 SCHOOL YEAR, ON-CAMPUS RESIDENTS TOTALED 1,275 STUDENTS IN FALL 2014 AND 1,143 STUDENTS IN SPRING 2015. PLU DELIVERED DINING SERVICES TO ALMOST 3,300 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 QUICK-SERVE OPTIONS LOCATED ACROSS CAMPUS. DINING SERVICES IS A CAMPUS LEADER IN SUSTAINABLE INITIATIVES, OFFERS NUTRITION EDUCATION AND CULINARY ADVENTURE CLASSES AVAILABLE TO EVERYONE. WE MENTOR STUDENTS IN MANY LEADERSHIP ROLES AND SUPPORT CAMPUS STUDENT GROUPS SUCH AS ONE LESS CUP, EMPTY BOWLS AND LIVING WATER. PLU HOSTED OVER 29,500 GUESTS IN 252 CONFERENCES AND EVENTS DURING 2014-2015. CONFERENCES RANGE IN SIZE FROM ONE-DAY FAMILY REUNIONS TO OVERNIGHT RETREATS, YOUTH SPORTS CAMPS AND CLINICS WITH UP TO 3,000 PEOPLE. THE CATERING DEPARTMENT PROVIDES MEALS FOR MOST EVENTS AND PLU FUNCTIONS. PLU'S MOST NOTABLE VISITOR IN MAY 2015 WAS HIS MAJESTY KING HARALD V OF NORWAY. 21435041 1.) OPERATIONS AND MAINTENANCE OF PLANT INCLUDING DEPRECIATION, INTEREST EXPENSE AND AMORTIZATION2.) RESEARCH3.) PUBLIC SERVICE 21435041 131129037 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 1 0 1 1 1 0 0 0 1 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 4498 0 1 2986 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 29 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 WA X X STEVE WHITEHOUSE 2535357119 12180 PARK AVE S TACOMA WA 98447 DANIEL ALSAKER REGENT 1.00 X 0 0 0 LINDA BARBO REGENT 1.00 X 0 0 0 DALE BENSON REGENT 1.00 X 0 0 0 GAYLE BERG REGENT 1.00 X 0 0 0 DAVID BRAUER-RIEKE REGENT 1.00 X 0 0 0 ANDREW FINSTUEN REGENT 1.00 X 0 0 0 MARK GOULD REGENT 1.00 X 0 0 0 EDWARD GROGAN REGENT 1.00 X 0 0 0 DARREN HAMBY REGENT 1.00 X 0 0 0 ROE HATLEN REGENT 1.00 X 0 0 0 TONY HICKS REGENT 1.00 X 0 0 0 MACK HOGANS REGENT 1.00 X 0 0 0 RICHARD JAECH REGENT 1.00 X 0 0 0 LISA KITTILSBY REGENT 1.00 X 0 0 0 MARK KNUDSON REGENT/CHAIR 1.00 X X 0 0 0 LISA KORSMO REGENT 1.00 X 0 0 0 JON KVINSLAND REGENT 1.00 X 0 0 0 MICHELLE LONG REGENT 1.00 X 0 0 0 OSAMU MATSUTANI REGENT 1.00 X 0 0 0 BRENDA MORRIS REGENT/CHAIR 1.00 X X 0 0 0 DAVID PETERS REGENT 1.00 X 0 0 0 NANCY POWELL REGENT 1.00 X 0 0 0 JEFFREY RIPPEY REGENT 1.00 X 0 0 0 LAURA ROTHENBERGER REGENT 1.00 X 0 0 0 PAM RUSSELL REGENT 1.00 X 0 0 0 JAN RUUD REGENT 1.00 X 0 0 0 DONNA SCHLITT REGENT 1.00 X 0 0 0 GARY SEVERSON REGENT 1.00 X 0 0 0 JERRY SKAGA REGENT 1.00 X 0 0 0 CHARLEEN TACHIBANA REGENT 1.00 X 0 0 0 BRADLEY TILDEN REGENT/SECRETARY 1.00 X X 0 0 0 TOM ERIC VRAALSEN REGENT 1.00 X 0 0 0 MARTIN WELLS REGENT 1.00 X 0 0 0 DONALD WILSON REGENT 1.00 X 0 0 0 THOMAS KRISE PRESIDENT 40.00 X X 286600 0 142075 SHERI TONN FORMER VICE PRESIDENT 40.00 X 222942 0 23684 STEVEN STARKOVICH PROVOST 40.00 X 189152 0 40998 DONNA GIBBS VICE PRESIDENT 40.00 X 146170 0 22792 ANNA LEON-GUERRERO FORMER INTERIM VICE PRESIDENT 40.00 X 95434 0 15468 JOANNA ROYCE-DAVIS VICE PRESIDENT 40.00 X 66826 0 24065 DANIEL LEE VICE PRESIDENT 40.00 X 56118 0 8697 ALLAN BELTON VICE PRESIDENT 40.00 X 0 0 0 NANCY MILLER DEAN 40.00 X 153386 0 51800 FRANCIS MOORE ASSOCIATE PROVOST 40.00 X 142731 0 19721 LOREN ANDERSON CONSULTANT, FORMER PRESIDENT 40.00 X 140000 0 163 UFUK INCE ASSISTANT PROFESSOR 40.00 X 133743 0 21315 GEOFFREY FOY ASSOCIATE PROVOST 40.00 X 133222 0 21930 1766324 0 392708 36 0 1 0 PEASE CONSTRUCTION INC PO BOX 98046 3815 100TH ST SW STE LAKEWOOD WA 98499 GENERAL CONTRACTOR 2384820 JOHN KORSMO CONSTRUCTION INC PO BOX 1377 TACOMA WA 98401 GENERAL CONTRACTOR 1344784 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 21279 PUBLIC RADIO PROGRAMMING SERVICES 1062978 ARIES MECHANICAL INC 1516 S FIFE STREET TACOMA WA 98405 MECHANICAL CONTRACTOR 907248 MARKET ENGINUITY INC 3131 EAST CLARENDON AVENUE SUITE 1 PHOENIX AZ 85016 ADVERTISING AGENT 645087 25 495000 2203822 13262450 128498 15961272 TUITION AND FEES 611600 112574826 112574826 AUXILIARY ENTERPRISES 611710 16254564 16254564 OTHER ACADEMIC SUPPORT & STUDENT 611710 871646 871646 GARFIELD BOOKSTORE 713910 753531 753531 130454567 3020167 218503 2801664 378361 103106 275255 275255 275255 11597778 1170186 8611398 2274238 2986380 -1104052 1882328 1882328 119976 80709 39267 39267 OTHER REVENUE 561000 813194 813194 813194 152446050 114259666 972034 21253078 48575832 48575832 1288061 131526 878464 278071 46979205 39339717 6855220 784268 3774597 3086730 604790 83077 6318194 5166793 1012341 139060 3592864 2938116 575671 79077 372474 372474 96671 96671 93750 93750 5174063 4231163 829021 113879 436841 357233 69993 9615 10535807 8681807 1701045 152955 2579314 2109271 413274 56769 2980443 2437300 477545 65598 4075498 3332796 653002 89700 681792 557545 109241 15006 2880886 2355885 461594 63407 3732865 3052603 598103 82159 1098607 898401 176026 24180 MISC. MINOR EQUIPMENT P 2313143 1891606 370626 50911 STUDY AWAY FEES 1070605 1070605 DUES & SUBSCRIPTIONS 503992 412146 80753 11093 MISCELLANEOUS 416267 340408 66697 9162 197556 161554 31654 4348 149769327 131129037 16527955 2112335 22100 22900 4228029 5310093 2300935 2332058 3076680 3313652 7186738 6795169 864658 718251 1197579 2392297 216595741 97068200 123228936 119527541 55689046 68095506 27455275 25633873 400000 400000 19224115 18653933 244874091 253195273 11130071 10644368 54495000 63165000 1111053 1191855 80944 65995 17581961 18406325 84399029 93473543 X 70470694 65917282 11330335 11348180 78674033 82456268 160475062 159721730 244874091 253195273 X 2676723 -3332007 -98048 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 84365076 3285490 2136985 4002319 203793 85581439 79585706 2492374 6292319 3762478 242845 84365076 71802576 2710240 9023070 3593678 356502 79585706 74653552 3719443 -2761485 3595555 213379 71802576 67545423 2588852 8347469 3613152 215040 74653552 0.03220 0.89680 0.07100 1 0 457920 1938423 2396343 155364148 51703879 103660269 1495189 1495189 35387744 29476542 5911202 21952317 15887779 6064538 119527541 REAL ESTATE 1796273 C CASH AND SHORT-TERM INVESTMENTS 5375237 F ALTERNATIVE INVESTMENTS 18462363 F 25633873 CONSTRUCTION IN PROGRESS 5554597 DEPOSITS HELD BY TRUSTEE 11427689 CSV OF LIFE INSURANCE 1671647 18653933 DEPOSIT ACCOUNTS 2331817 ANNUITIES PAYABLE 6761533 ASSETS RETIREMENT OBLIGATION 963506 UNAMORITZED PREMIUM 759182 GOVERNMENT GRANTS REFUNDABLE 7590287 18406325 X 100720810 -3332007 80709 -3251298 103972108 48473942 48473942 152446050 101474142 280647 280647 101193495 48575832 48575832 149769327 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 GIFTS 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, 2015 AND 2014. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR FISCAL YEARS 2012 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 80,709. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 48,575,832. CHANGE IN VALUE OF TRUST -101,890. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 80,709. ACTUARIAL ADJUSTMENT 199,938. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 48,575,832. 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 1-7, 2015. 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) 4 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 1774565 SOUTH AMERICA 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 104990 EAST ASIA AND THE PACIFIC 2 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 228303 MIDDLE EAST AND NORTH AFRICA 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 1970 NORTH AMERICA (CANADA AND MEXICO) 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 105578 SOUTH ASIA 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 2734 SUB-SAHARAN AFRICA 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 129594 CENTRAL AMERICA AND THE CARIBBEAN 1 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 10018450 0 7 0 0 0 7 12366184 0 12366184 1 0 1 1 1 0 KPLU SPECIAL EVENTS 119976 119976 80709 119976 119976 80709 80709 39267 1 GRANTS AND SCHOLARSHIPS 2951 48575832 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 X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 THOMAS KRISE PRESIDENT 235158 0 50000 0 1442 0 74676 0 67399 0 428675 0 0 0 SHERI TONN FORMER VICE PRESIDENT 153669 0 0 0 69273 0 16779 0 6905 0 246626 0 0 0 STEVEN STARKOVICH PROVOST 172270 0 0 0 16882 0 33391 0 7607 0 230150 0 0 0 DONNA GIBBS VICE PRESIDENT 145045 0 0 0 1125 0 15480 0 7312 0 168962 0 0 0 NANCY MILLER DEAN 153386 0 0 0 0 0 16912 0 34888 0 205186 0 0 0 FRANCIS MOORE ASSOCIATE PROVOST 142731 0 0 0 0 0 12159 0 7562 0 162452 0 0 0 UFUK INCE ASSISTANT PROFESSOR 133743 0 0 0 0 0 13867 0 7448 0 155058 0 0 0 GEOFFREY FOY ASSOCIATE PROVOST 133222 0 0 0 0 0 14745 0 7185 0 155152 0 0 0 PART I, LINE 1A TRAVEL FOR PRESIDENT'S SPOUSE AS A PLU OFFICIAL REPRESENTATIVE WITH THE PRESIDENT ON PLU BUSINESS, PRESIDENT & WIFE LIVE IN PLU-OWNED RESIDENCE, HEALTH CLUB MEMBERSHIP FOR PRESIDENT PART I, LINE 4B PRESIDENT KRISE PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AND RECEIVED $50,000 CREDITED TO HIS 457(F) PLAN. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781ZD5 2006-12-20 63357191 REFUNDING AND CONSTRUCTION 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781S27 2014-07-09 9933742 RENOVATION 0 0 0 A 8995000 63357191 30900647 601083 1039248 27000000 2007 1 1 1 1 B 9933742 198669 9735073 2015 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 1 MBIA 30.000000000000 1 0 0 B 0 0 1 0 0 0 0 0 0 A 1 B 1 JOHN KORSMO CONSTRUCTION INC OWNER IS SPOUSE OF TRUSTEE 571981 CONSTRUCTION SERVICES 0 GARFIELD NORTH LLC TRUSTEES LISTED BELOW ARE MEMBERS OF THE LLC 74916 FACILITIES LEASE, PLU OWNERSHIP % IN LLC IS 20.87% 0 JOHN KORSMO SPOUSE OF BOARD MEMBER, OWNS 15.78% OF GARFIELD NORTH LLC 0 JEFFERY L RIPPEY LIVING TRUST BOARD MEMBER, TRUST OWNS 6.31% OF GARFIELD NORTH LLC 0 LISA KITTILSBY BOARD MEMBER, OWN 6.31% OF GARFIELD NORTH LLC 0 DON WILSON BOARD MEMBER, OWNS 6.31% OF GARFIELD NORTH LLC 0 JON KVINSLAND BOARD MEMBER, OWNS 3.16% OF GARFIELD NORTH LLC 0 X 1 7500 FAIR MARKET VALUE X 8 93926 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 2 10900 FAIR MARKET VALUE X SPORTS EQUIPMENT 1 10123 COST OF DONATED ITEM X EDUCATIONAL EQUIPMENT 4 5004 FAIR MARKET VALUE X COMPUTER SOFTWARE 1 1045 COST OF DONATED ITEM 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS ONLY INDICATES THE NUMBER OF UNIQUE CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 JON KVINSLAND, JEFF RIPPEY, LISA KITTILSBY, LISA KORSMO, AND DONALD WILSON HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS OF PACIFIC LUTHERAN UNIVERSITY CHANGED TO PROVIDE THE OPPORTUNITY FOR THE BOARD TO ELECT MORE THAN ONE VICE-CHAIR OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED AND REVIEWED BY STAFF AND EXTERNAL AUDITORS. 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 ANNUALLY BY A COMPENSATION COMMITTEE OF THE BOARD. REVIEW OF THE PRESIDENT'S COMPENSATION WAS LAST COMPLETED IN MAY 2015. 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. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -199,938. CHANGE IN VALUE OF TRUST 101,890. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM PRIOR YEAR BENSON FAMILY FOUNDATION PO BOX 3168 PORTLAND OR 97208 203039538 SUPPORTING ORGANIZATION FOR PLU OR 501(C) (3) LINE 11D, III-O 0 GARFIELD COMMONS LLC 12108 PARK AVENUE SOUTH TACOMA WA 98447 651266546 COMMERCIAL RETAIL RENTAL WA PACIFIC LUTHERAN UNIVERSITY UNRELATED 116520 4379305 0 0 0.45870 GARFIELD NORTH LLC 3516 SOUTH STREET SUITE 101 TACOMA WA 98409 455493979 RESIDENTIAL & COMMERCIAL RETAIL RENTAL WA PACIFIC LUTHERAN UNIVERSITY UNRELATED -589210 4548922 0 0 0.29120 CHARITABLE REMAINDER UNITRUSTS (21) 12180 PARK AVE S TACOMA WA 98447 CHARITABLE TRUST WA T 0 CHARITABLE REMAINDER ANNUITY TRUSTS (2) 12180 PARK AVE S TACOMA WA 98447 CHARITABLE TRUST WA T 0 LIFE INCOME TRUSTS (3) 12180 PARK AVE S TACOMA WA 98447 CHARITABLE TRUST WA T 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 BENSON FAMILY FOUNDATION C 495000 CASH CONTRIBUTION