2016-02-16T19:06:41-07:00 2015-06-30 990 2014-07-01 910564993 SAINT MARTINS UNIVERSITY SAIN 3604384534 5000 Abbey Way SE Lacey WA 98503 Susan Heltsley Vice President of Finance 3604384590 2016-02-16 2014 2016-08-17 19:52:53Z Roy Heynderickx 5000 Abbey Way SE Lacey WA 98503 56913828 0 0928 X www.stmartin.edu X 1895 WA Saint Martin's University is a Catholic Benedictine institution of higher education that empowers students to pursue a lifetime of learning and accomplishment in all arenas of human endeavor. 36 35 1093 27 272735 -22264 1753331 3303192 47525033 48142413 1462307 727753 405259 389793 51145930 52563151 16593866 17120730 0 0 19675636 20018826 68934 0 171780 15235167 14994305 51573603 52133861 -427673 429290 84606509 84237367 45049185 44254360 39557324 39983007 Saint Martin's students learn to make a positive difference in their lives and in the lives of others through the interaction of faith, reason, and service. The University honors both the sacredness of the individual and the significance of community in the ongoing journey of becoming. 0 0 12052317 0 43526269 Higher Education: Instructional programs and related services for on-campus and extension students leading to undergraduate and graduate degrees. Saint Martin's serves approximately 1,395 students at our main campus in Lacey, WA and 386 students at the military extensions. Saint Martin's offers degrees in engineering, business, education and the liberal arts. 17120730 0 0 Higher education: Student Financial Aid. Saint Martin's provides tuition assistance to more than 95% of its undergraduate student body, in the form of scholarships, grants and loans 4143737 0 4616144 Higher education: Auxiliary services including food service, bookstore and student housing. 11060490 0 0 Higher Education: Student Services for On-Campus and Extension Students leading to undergraduate and graduate degrees. 11060490 0 0 44377274 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 96 0 1 1093 1 1 1 0 0 0 0 1 1 1 1 0 0 0 X 36 35 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X Susan Heltsley 3604384534 5000 Abbey Way SE Lacey WA 98503 Joe Williams Board Chair 2 0 X X 0 0 0 A Richard Panowicz Vice Chair 2 0 X X 0 0 0 Abbot Neal G Roth OSB Chancellor 2 0 X X 0 0 0 Roy F Heynderickx President 40 0 X X 263385 0 76914 Joe Alongi Trustee 2 0 X 0 0 0 Ken Anderson Trustee 2 0 X 0 0 0 Armandino Batali Trustee 2 0 X 0 0 0 Kenneth Berchtold Trustee 2 0 X 0 0 0 John Carr Trustee 2 0 X 0 0 0 Brian Charneski Trustee 2 0 X 0 0 0 Fr Bede Classick OSB Treasurer 2 0 X X 0 0 0 Waite Dalrymple Trustee 2 0 X 0 0 0 Lori Drummond Trustee 2 0 X 0 0 0 Daniel Dugaw Trustee 2 0 X 0 0 0 Gerry Gallagher Trustee 2 0 X 0 0 0 Jim Guerci Trustee 2 0 X 0 0 0 Phillip Hall Trustee 2 0 X 0 0 0 Fr Alfred J Hulscher OSB Trustee 2 0 X 0 0 0 Francis Iwasawa Trustee 2 0 X 0 0 0 Br Boniface V Lazzari OSB Secretary 2 0 X X 0 0 0 Steve Leahy Trustee 2 0 X 0 0 0 Kathy Lombardo Trustee 2 0 X 0 0 0 Fr Kilian Malvey OSB Trustee 2 0 X 0 0 0 Matt Marcus Trustee 2 0 X 0 0 0 Fr Justin McCreedy Trustee 2 0 X 0 0 0 Terry Monaghan Trustee 2 0 X 0 0 0 Kathleen C O Grady Trustee 2 0 X 0 0 0 John O'Halloran Trustee 2 0 X 0 0 0 Katie Opitz Trustee 2 0 X 0 0 0 Patrick Rants Trustee 2 0 X 0 0 0 Richard A Roney Trustee 2 0 X 0 0 0 Fr Stephen Rowan Trustee 2 0 X 0 0 0 Jay C Rudd Trustee 2 0 X 0 0 0 Phillip S Weigand Trustee 2 0 X 0 0 0 Br Aelred Woodard OSB Trustee 2 0 X 0 0 0 Cynthia S Worth Trustee 2 0 X 0 0 0 Molly Smith Provost 40 0 X 199601 0 29622 Susan Heltsley VP of Finance/Chief Financial Officer 40 0 X 118922 0 69184 Zella Kahn Jetter Dean of Engineering 40 0 X 133057 0 10054 Joachim Beer Dean of Business 40 0 X 130984 0 20701 Eric Apfelstadt Dean of Arts and Sciences 40 0 X 113497 0 16247 Joyce Westgard Dean of Education 40 0 X 107425 0 7062 Josephine Yung VP of International Programs 40 0 X 106650 0 16088 1173521 0 245872 9 0 1 0 BON APPETIT 1000 West Temple Street Los Angeles CA 900740196 Food Service 2282116 Ruffalo Noel Levitz PO Box 718 Des Moines IA 503030718 Admissions 190304 Ellucian Company 62578 Collections Center Drive Chicago IL 60693 Higher Ed Software and Services 157471 Orbis Cascade Alliance 2288 Oakmont Way Eugene OR 97401 Library Collection Services 154728 Royall and Company 1920 East Parham Road Richmond VA 232282206 Admissions 145669 7 0 0 399855 0 18610 2884727 696257 3303192 Tuition and Fees 611310 42969220 42969220 0 0 Auxillary Enterprises 611310 4616144 4351093 260935 4116 Misc Campus Revenue 611310 557049 545249 11800 0 0 0 0 0 48142413 598021 0 0 598021 0 0 0 0 0 0 0 0 245939 0 0 0 245939 0 245939 0 0 245939 4124832 0 3995100 0 129732 0 129732 0 0 129732 499431 399855 355577 143854 0 143854 0 52563151 47865562 272735 1121662 0 17120730 17120730 757628 0 757628 0 0 15340335 13216411 2050139 73785 1287837 1057313 224621 5903 1369795 1027370 339356 3069 1263231 1038489 219460 5282 0 140753 140753 71960 71960 4317 4317 85090 85090 1620435 1072796 536344 11295 148223 79646 68577 931092 841296 42212 47584 367700 223533 144167 1038749 895517 143232 1295754 1169520 118528 7706 1954135 1954135 2912673 2901179 11494 217167 47943 169224 Food Service 2150102 2035693 108427 5982 Dues & Subscription 575335 419025 154535 1775 Equipment 535704 523928 11496 280 Repairs and Maintenance 217301 117993 99303 5 727815 588892 129809 9114 52133861 44377274 7584807 171780 2341409 2409552 3016475 3971593 235439 99922 2277587 2289396 0 0 0 0 0 0 0 0 339107 271125 93207111 37703555 57629000 55503556 12939608 13304304 3699131 3827407 975235 947583 0 0 1153518 1612929 84606509 84237367 2556400 2451335 1222645 1349769 29535000 28785000 0 0 0 0 0 0 552952 516328 11182188 11151928 45049185 44254360 X 23967230 23371844 5180066 5953676 10410028 10657487 39557324 39983007 84606509 84237367 X 429290 -251757 0 0 0 248150 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 4317 0 0 0 4317 0 Schedule C, Part II-B, Line 1 The University pays dues of $77,088 to the Independent Colleges of Washington, who conducts lobbying activities on behalf of the university. 5.6% of the dues are devoted to lobbying. 16837641 686568 574949 716985 0 64744 17317429 15119759 420810 1990601 619402 0 74127 16837641 12673850 1655216 1538280 692332 0 55255 15119759 12591418 134481 394438 393793 0 52694 12673850 11402172 299820 1546167 589655 0 67086 12591418 0.2066 0.6154 0.178 1 0 0 0 0 0 76196624 25173761 51022863 0 0 0 0 0 10577458 8392208 2185250 0 6433029 4137586 2295443 55503556 0 Government Grants Refundable 972178 Annuities Payable 1769539 Interest Rate Swap 8410211 11151928 X 35837601 -315330 43210 0 -16809004 -17081124 52918725 0 -355574 -355574 52563151 35411918 43210 0 0 355577 398787 35013131 0 17120730 17120730 52133861 Schedule D, Part V, Line 4 The University's endowment consists of approximately 110 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by GAAP, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Schedule D, Part X, Line 2 No provision for income taxes has been made in the financial statements since the University is exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Additionally, the University has done an assessment of any uncertain tax positions are required under FASB accounting standard on Accounting for Uncertainty in Income Taxes (ASC 740), and has determined it currently has no uncertain tax benefits to record as a liability at June 30, 2015 and 2014. In addition, the University has no material unrelated business income subject to tax at June 30, 2015 and 2014. Forms 990 and 990T filed by the University are subject to examinations by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Generally, Forms 990 and 990T filed by the University are no longer subject to examination for fiscal years ended prior to June 30, 2012. Schedule D, Part XI, Line 2d Display of Scholarships (17,120,730) Unrealized Gain on Interest Rate Swap 311,726 Schedule D, Part XI, Line 4b Special Event Expenses 355,574 Schedule D, Part XII, Line 2d Special Event Expenses 355,577 Schedule D, Part XII, Line 4b Display of Scholarships 17,120,730 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The organization publicizes its racially nondiscriminatory policy through an advertisement placed in the newspaper. Schedule E, Part I, Line 6 The University receives funds from the Department of Education to be given out in the form of grants and loans to students. The University also periodically receives funds from federal agencies for research or equipment grants. Gala Auction 882696 388995 493701 0 0 0 51847 0 272528 Golf Tournament 40990 10860 30130 0 15981 0 5350 0 9871 0 923686 399855 523831 0 15981 0 57197 0 282399 355577 168254 1 Student Tuition Assistance 1393 0 17120730 Current Tuition Rate Schedule I, Part I, Line 2 All grants represent internal transfers of funds from endowment or other accounts to a revenue account for tuition payments. No funds are distributed directly to individuals. Merit Scholarships and SMU Grant levels are based on the student's entering GPA and need. For incoming freshmen, test scores are also a factor. Provided that each student maintains the required GPA, does not exceed the maximum timeframe for institutional aid and submits either a FAFSA or FAFSA waiver by the March 1st deadline, the student will be eligible for his/her merit scholarship or SMU grant. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Roy F Heynderickx President 221385 0 0 0 42000 0 59952 0 16962 0 340299 0 0 0 Molly Smith Provost 199601 0 0 0 0 0 15200 0 14422 0 229223 0 0 0 Susan Heltsley VP of Finance/Chief Financial Officer 118922 0 0 0 0 0 9600 0 59584 0 188106 0 0 0 Joachim Beer Dean of Business 130984 0 0 0 0 0 11823 0 8878 0 151685 0 0 0 Schedule J, Part I, Line 1a The Board shall pay or reimburse the President and President's spouse for reasonable entertainment expenses, travel expenses, hotel bills, and other necessary expenses to further the interests of the University. The Board provides a taxable housing allowance of $30,000 per year and a taxable automobile allowance of $12,000 per year. The Board will provide the President, at University expense, with membership in business clubs, service organizations and professional organizations that would further the interests of the University. Schedule J, Part I, Line 4 President Roy Heynderickx, Deferred Compensation $44,000 A Washington Higher Education Facilities Authority Washington Higher Education Facilities Authority 911306482 2014-04-24 4000000 Fund construction of science building and industrial lab 0 0 0 B Washington Higher Education Facilities Authority 911306482 2014-04-24 29535000 Refinancing of bonds issued in 2007 0 0 0 A 0 0 4000000 0 0 0 0 0 0 0 0 4000000 0 0 0 1 B 750000 0 29535000 0 0 0 271857 0 0 0 29263143 0 2014 1 0 1 1 A 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 1 A 0 1 0 0 1 1 US Bank 18 0 0 0 0 1 B 0 1 0 0 1 1 US Bank 18 0 0 0 0 1 A 1 B 1 X 308 Fair Market Value X 5 485595 Fair Market Value X 1 10425 Fair Market Value X Gala Auction 94 66078 Fair Market Value X Gala Food 7 69344 Fair Market Value X Construction Materials 1 49000 Fair Market Value X Promotional Materials 1 10157 Fair Market Value X Golf Tournament Food 1 5350 Fair Market Value 0 1 0 Form 990, Part VI, Section A, Line 6 Per the Saint Martin's University bylaws, a capitular of the Religious House, known as the monastic community known as Saint Martin's Abbey, has the right to participate in University's governance even though they are not a member of the Board of Trustees. Some of the decisions a capitular votes on are to establish the philosophy and mission according to which the University operates; to amend the Articles of Incorporation or Bylaws; to convey an interest in real property; to incur indebtedness secured by any real or personal property owned by the University; and to appoint a certain number of capitulars to the Board of Trustees. Form 990, Part VI, Section A, Line 7a The chancellor, the Secretary and the Treasurer, as members of the Abbey, are deemed Member-Trustees. The Members of the Abbey may elect additional Members of the Abbey to serve as Member-Trustees in such number as the Members determine. Form 990, Part VI, Section A, Line 7b During the 2014 tax year, the capitulars elected new members to the Board of Trustees. Form 990, Part VI, Section B, Line 11b A copy of the 990 is provided, via a secure internet portal, to the entire board for their review prior to submission of the return. The Vice President of Finance reviews the return in a group forum with all available members. Schedule B, Schedule of Contributors, is not provided to the board of trustees, or made public on the website. Form 990, Part VI, Section B, Line 12c Article XIV Section 1 of the University Bylaws require each Trustee to provide a statement at least once per year setting forth all business and other affiliations that relate in any way to the business of the University. The University shall not knowingly enter into any contract or other transaction if an employee, office, trustee or committee member has a conflict of interest concerning a proposed grant, contract or transaction unless certain conditions are met. Individuals who disclose a conflict of interest may not be counted in determining the presence of a quorum at any Board or committee meeting that approves or authorizes a contract or transaction. Form 990, Part VI, Section B, Line 15 Saint Martin's University has a compensation committee that meets quarterly to review compensation and benefits for the President. The board has to approve the president's salary on a salary survey done by the Associate VP for Human Resources. The president's salary is reviewed yearly, and was last reviewed when his new contract was approved in November 2013. Form 990, Part VI, Section C, Line 19 Saint Martin's University makes its financial information available to the public by posting the audited financial statements on the University's website. The governing documents are provided upon request. The conflict of interest policy is included in the University's employee handbook, and is provided upon request. Form 990, Part XI, Line 9 Change in Value of split-Interest Agreements (63,576) Unrealized Gain on Interest Rate Swap 311,726 Charitable Remainder Trusts (8) Union Bank Premier Trust Services 445 S Figueroa Street Third Floor Los Angeles CA 90071 bank WA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1