2016-05-16T13:49:20-07:00 2015-06-30 990 2014-07-01 910565553 SEATTLE PACIFIC UNIVERSITY SEAT 2062812066 3307 THIRD AVE W SEATTLE WA 981191997 Craig Kispert VP for Business and Finance 2062812066 2016-05-16 2014 2016-08-17 19:52:53Z Daniel J Martin 3307 Third Ave W Seattle WA 981191997 174607779 0 X WWW.SPU.EDU X 1891 WA Seattle Pacific University is a Christian university fully committed to engaging the culture and changing the world by graduating people of competence and character, becoming people of wisdom, and modeling grace-filled community. 16 13 2499 209 163532 -44521 9149098 16581530 149293705 153084926 2048902 -3597142 361457 418912 160853162 166488226 50291111 52582045 0 0 61948883 64086492 33750 63000 2760942 36267300 39340265 148541044 156071802 12312118 10416424 286979467 299415827 119982504 114524381 166996963 184891446 Seattle Pacific University is a Christian university fully committed to engaging the culture and changing the world by graduating people of competence and character, becoming people of wisdom, and modeling grace-filled community. 0 0 103516050 52532575 132464969 Higher Education: The academic program serves 4,200 undergraduate and graduate students on the main Seattle campus, as well as 1,900 part-time students per quarter on-line and in continuing education centers across Washington State. The University offers 62 undergraduate majors and 55 minors carried out through the College of Arts and Sciences and the schools of Business, Government and Economics; Education; Health Sciences; Theology; and Psychology, Family, and Community. Graduate studies include 20 master's degrees and five doctoral programs. 21477672 49470 2122940 Student Services, Constituency and Other Programs: The University provides activities and services to 4,200 students in co-curricular and support programs while engaged in their academic activities. The University also provides programs for more than 38,700 alumni to keep them engaged and involved with the University for years to come. 16449841 0 15923602 Student Housing and Dining: Housing services are provided for 1,634 students and 1,308 students take part in the University meal plans annually. 1960839 0 2573415 Public Service: The University operates a conference services program at its Seattle campus and at its 77 acre campus on Whidbey Island, known as "Camp Casey Conference Center". This center provides opportunities for students to further their studies in biological sciences and other disciplines, as well as providing a facility for diverse groups of nonprofit organizations to build community and provide educational opportunities for their constituents. The center offers all these groups a place to reflect, excel, discover and grow. This year there were 367 groups that utilized these facilities. 0 0 606933 Gain on sale of assets other than inventory. These assets had been used for the University's exempt purpose. 1960839 0 3180348 143404402 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 1 12597 0 1 2499 1 1 1 0 0 0 0 1 1 0 0 0 0 X 16 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 WA X Craig Kispert-VP Business-Finance 2062812222 3307 Third Ave W Seatle WA 981191997 X A Gary Ames Board Chairman 4 0 X X 0 0 0 Douglas D Backous Board Vice Chair 4 0 X X 0 0 0 Clyde Ballard Board Member 1 0 X 0 0 0 Ellen R M Boyer Board Member 1 0 X 0 0 0 Kathleen Cummins Board Member 1 0 X 0 0 0 Cedric L Davis Board Member 1 0 X 0 0 0 Becky A Gilliam Board Member 1 0 X 0 0 0 Ryan R Hamlin Board Member 1 0 X 0 0 0 V James Mannoia Board Member 1 0 X 0 0 0 Daryl Miller Board Member 1 0 X 0 0 0 Victor C Moses Board Treasurer 4 3 X X 0 0 0 Mike S Quinn Board Member 1 0 X 0 0 0 Leslie C Ruiter Board Member 1 0 X 0 0 0 Richard E Stearns Board Member 1 0 X 0 0 0 Bradley P Thoreson Board Member 1 0 X 0 0 0 Matthew H Whitehead Board Secretary 4 0 X X 0 0 0 Daniel Martin President 50 0 X X 324390 0 156091 Craig Kispert VP Business and Finance 50 0 X 207675 0 39435 Jeffrey Van Duzer Provost 50 0 X 236237 0 45489 Donald Mortenson Senior VP Planning and Administration 45 5 X 260377 0 44491 Marjorie Johnson Senior VP University Relations 50 0 X 244655 0 22765 Jeffrey Jordan VP for Student Life 50 0 X 158575 0 57175 Joseph Williams Dean 40 0 X 167822 0 20850 Bruce Congdon Dean 40 0 X 157323 0 30820 Lori Wild Dean 40 0 X 149993 0 26667 Debra Sequeira Dean 40 0 X 149701 0 25901 David Tindall Assistant VP Technology Services 40 0 X 148855 0 36853 Janet Ward Assoc VP Information & Data Management 40 0 X 148543 0 27238 Thomas Box Endowment & Gift Planning, SPF President 37 3 X 146673 0 30538 2500819 0 564313 53 0 1 0 Absher Construction PO Box 280 Puyallup WA 983710152 Construction 11375066 Sodexo Inc & Affiliates Dept 880328 Los Angeles CA 900880001 Food Services 4995083 Synergy Building Services 13256 NE 20th St Ste 9 Bellevue WA 980052021 Custodial services 619237 W G Clark Construction 408 Aurora Ave N Seattle WA 98109 Construction 605905 Arcon Tenant Improvement 5150 Village Park Dr SE Ste 107 Bellevue WA 98006 Construction 434291 32 82601 0 77131 1377150 2325412 12719236 1929230 16581530 Tuition and Fees 611310 132464969 132464969 0 0 Student Housing and Dining 611310 15923602 15923602 0 0 Public Service Activities 611310 2573415 2573415 0 0 Seminars and Events 611310 425342 425342 0 0 Other Sales and Services 611310 557728 557728 0 0 1139870 638670 0 501200 153084926 1930755 0 0 1930755 0 0 0 0 0 0 0 0 571532 0 324082 0 247450 0 247450 0 0 247450 1352766 872658 1349664 6403657 3102 -5530999 -5527897 606933 0 -6134830 50080 77131 42150 7930 0 7930 0 0 0 0 0 0 0 0 0 0 0 0 Accommodation 721000 163532 0 163532 0 0 0 0 0 163532 166488226 153190659 163532 -3447495 3328 3328 52513975 52513975 64742 64742 0 0 2078701 1055009 780556 243136 110216 51038 59178 0 46301522 41266708 3743572 1291242 3348030 2982752 281275 84003 8722121 7635407 822802 263912 3525902 3061188 358937 105777 0 0 0 0 677592 65890 611229 473 103836 0 103836 0 0 0 0 0 63000 63000 590782 0 590782 0 8001568 7588351 340740 72477 947034 936066 7011 3957 4729230 3829218 719516 180496 1490971 1287262 107638 96071 7135 3667 3468 0 10677299 10395344 140307 141648 3137660 2672232 431580 33848 0 0 0 0 249915 195965 46857 7093 0 0 0 0 0 0 0 0 7724046 7136966 428648 158432 388371 112951 274936 484 Miscellaneous Expenses 614826 546343 53590 14893 156071802 143404402 9906458 2760942 19896571 17231178 37360 47828 2894081 2904007 4639663 6790053 12000 6000 0 0 9155252 8919205 333008 293894 1394180 1455258 228154670 73065709 150698226 155088961 102553 92546 97816573 106586897 286979467 299415827 14229360 12625380 0 0 4991566 5075318 83675000 79465000 0 0 0 0 17086578 17358683 119982504 114524381 X 112485864 117857318 19464674 29074691 35046425 37959437 166996963 184891446 286979467 299415827 X 10416424 7478059 0 0 0 0 X 0 1 X 1 1 1 X 7013983 6604354 7607017 9149098 16581530 46955982 0 0 0 0 0 0 0 0 0 0 0 0 7013983 6604354 7607017 9149098 16581530 46955982 7117013 39838969 1552800 1700271 1559899 2583234 2502287 9898491 26926 2562 0 0 0 29488 0 0 0 0 0 0 56883961 691807167 0.70036 0.779 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 3000 0 0 0 1 0 1 0 1 69624968 3098044 9098727 1767090 915424 590782 78548443 58724555 3529626 10113649 1654868 520265 567729 69624968 45782149 10901686 4636074 1569734 504542 521078 58724555 46569164 1992538 -354722 1460457 503482 460892 45782149 39393011 1167553 8321567 1405336 460299 447332 46569164 0.35 0.42 0.23 0 1 1 11442737 22685089 34127826 3721931 168456475 60779386 111399020 0 0 0 0 0 10599974 4857551 5742423 0 11248464 7428772 3819692 155088961 Pooled investments-cash & short-term 12955006 F Pooled investments-stock funds 33281827 F Pooled investments-bond funds 752365 F Pooled investments-marketable alternative institutional funds 4739706 F Pooled investments-private equity funds 13981564 F Pooled investments-notes receivable 7981933 F Pooled investments-real estate 20596355 F Split interest agreements held by others 11812870 F Investments restricted for capital projects 485271 F 106586897 Trust and annuity obligations (present value) 1625251 Student deposits and prepaid fees 1506816 Fair value of interest rate swaps 5795326 Governmental student loan program 7366873 Asset retirement obligation (present value) 1025811 Miscellaneous liabilities 38606 17358683 X 120807870 7478059 0 0 -51556715 -44078656 164886526 590782 1010918 1601700 166488226 103772381 0 0 0 848686 848686 102923695 590782 52557325 53148107 156071802 Schedule D, Part II, Line 9 The University holds an open space conservation easement on a small island in the Puget Sound of Washington. This easement is observed several times a year since it has no activity. The University does not disclose this on its financial statements. Schedule D, Part V, Line 4 The University's endowments consist of funds established for a variety of purposes. These endowments include both donor restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Distributions from endowments are used primarily to provide scholarship resources for students enrolled at SPU. Distributions are made per any applicable donor instructions in the endowment agreements. Schedule D, Part X, Line 2 The University and the Foundation are exempt from federal income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code except for unrelated business taxable income as defined in sections 511 through 515 of the Internal Revenue Code. Accordingly, the financial statements do not include a provision for federal income tax. Schedule D, Part XI, Line 2d Grants and scholarships - (52,675,555); Grant administration cost recovery - 118,230; Seattle Pacific Foundation revenue, including trusts (consolidated in audited financial statements) - 1,000,610. Schedule D, Part XI, Line 4b Rental expense Part VIII6b - (324,082); Fundraising event expense Part VIII8b - (42,150); Seattle Pacific Foundation donations, including trusts (consolidated in audited financial statements) - 1,377,150. Schedule D, Part XII, Line 2d Seattle Pacific Foundation expense, including trusts (consolidated in audited financial statements) - 482,454; Rental expense part VIII6b - 324,082; Fundraising event expense Part VIII8b - 42,150. Schedule D, Part XII, Line 4b Grants and scholarships - 52,675,555; Grant administration cost recovery - (118,230). 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 SPU claims an exemption from the requirement to publish the University policy publicly as Rev. Proc. 75-50 states on the basis that the University draws its students nationally and their records show evidence of the nondiscrimination policy in meaningful numbers. The success of our policy is shown by having 29% or 1238 ethnic students in our student body, which constitutes meaningful results in comparison to the ethnic makeup of the Northwest region. Schedule E, Part I, Line 6 The University receives funds from the federal government for research, student loans, grants and work study. The following is a list of the programs funded in part, or in whole, by the federal government: Federal Pell Grant Program, Federal Supplemental Education Opportunity Grant, Federal Work-Study Program, TEACH Grant, Perkins Loan Program, Nursing Student Loan Program, National Institutes of Health Grants, National Science Foundation Grants, and a Department of Defense Grant. 1 Central America and the Caribbean 0 0 Program Services Student study tours and service trips 81457 East Asia and the Pacific 0 0 Program Services Student study tours and service trips 131395 Europe (including Iceland and Greenland) 0 0 Program Services Student study tours 86569 Russia and the newly independent States 0 0 Program Services Student service trip 17435 South America 0 0 Program Services Student study tour 75837 South Asia 0 0 Program Services Student study tour 40933 Sub-Saharan Africa 0 0 Program Services Student service trip 17541 Europe (including Iceland and Greenland) 0 0 Grantmaking Student financial aid 64742 0 0 515909 Student financial aid posted while studying abroad Europe (including Iceland and Greenland) 23 0 64742 Financial aid posted to student accounts Book 0 0 0 0 0 0 Schedule F, Part I, Line 2 These are student financial aid grants awarded based on the institution's assessment of the recipient's academic achievement, financial need, and other standards similar to those held by other universities. The student's records are then monitored in order to ensure that the grant requirements are continuing to be met. These disbursements are made in accordance with the exempt purpose for which the institution was organized, and with procedures and conditions established by the university. X X X X X X X 1 Delve Analytics LLC 4957 Lakemont Blvd SE Ste C4 386 Bellevue WA 980067802 Fundraising consulting 0 0 63000 -63000 0 63000 -63000 WA Golf Tournament 80435 50240 30195 0 2800 21030 0 0 4330 Auction 46776 26891 19885 0 4416 0 0 0 9574 0 127211 77131 50080 0 7216 21030 0 0 13904 42150 7930 1 Institutional Student Scholarships & Grants 3230 0 50067944 Book Credit to student account Federally Funded Student Scholarships & Grants 294 0 855647 Book Credit to student account Privately Funded Student Scholarships & Grants 606 0 1506492 Book Credit to student account Student Academic Achievement or Service Award 58 37750 0 Book Benevolence 4 12921 33221 Book Credit to student account Schedule I, Part I, Line 2 Grant disbursements for the institution's exempt programs are made in accordance with the exempt purpose for which the institution was organized, and with procedures and conditions established by the institution's governing board. Student scholarships and grants are awarded based on the institution's assessment of recipient's academic achievement, financial need, and other standards similar to those held by other universities. The student's records are then monitored in order to ensure that the grant requirements are continuing to be met. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Daniel Martin President 310028 0 10000 0 4362 0 42306 0 113785 0 480481 0 0 0 Craig Kispert VP Business and Finance 207006 0 0 0 669 0 23904 0 15531 0 247110 0 0 0 Jeffrey Van Duzer Provost 232739 0 0 0 3498 0 29009 0 16480 0 281726 0 0 0 Donald Mortenson Senior VP Planning and Administration 244791 0 0 0 15586 0 30214 0 14277 0 304868 0 0 0 Marjorie Johnson Senior VP University Relations 140066 0 0 0 104589 0 16249 0 6516 0 267420 0 0 0 Jeffrey Jordan VP for Student Life 155302 0 0 0 3273 0 17937 0 39238 0 215750 0 0 0 Joseph Williams Dean 167088 0 0 0 733 0 6773 0 14077 0 188671 0 0 0 Bruce Congdon Dean 150416 0 0 0 6907 0 16332 0 14488 0 188143 0 0 0 Lori Wild Dean 148165 0 0 0 1828 0 14647 0 12020 0 176660 0 0 0 Debra Sequeira Dean 147650 0 0 0 2051 0 14136 0 11765 0 175602 0 0 0 David Tindall Assistant VP Technology Services 146313 0 0 0 2542 0 15538 0 21315 0 185708 0 0 0 Janet Ward Assoc VP Information & Data Management 146553 0 0 0 1990 0 15224 0 12014 0 175781 0 0 0 Thomas Box Endowment & Gift Planning, SPF President 135938 0 0 0 10735 0 15054 0 15484 0 177211 0 0 0 Schedule J, Part I, Line 1a First Class Travel - Certain University salaried officers and key employees are allowed to fly first class based on work need or physical limitations as approved by their immediate supervisors. Disqualified Persons as defined by IRC 4946 use of first class travel are also approved in advance by the governing board. Travel for Companions - The spouse of the President is allowed to travel with the President as required for business purpose and specifically approved by the board chair. Housing Allowance - The President is required, as a condition of employment to live in campus provided housing. All facility related expenses to such housing is paid for by the University. Social Clubs - Social club memberships are provided to certain employees and officers related to their specific job responsibilities for donor development and business meetings. Any personal use of the clubs is minor and is reimbursed to the University and for disqualified persons as defined by IRC 4946 the memberships are approved in advance by the governing board. Schedule J, Part I, Line 3 The President's compensation is reviewed and approved annually by the Executive Committee of the Board of Trustees. The review includes a comparison of compensation levels of university presidents of similar institutions using both regional and national higher education compensation surveys. The compensation of other officers and key employees is reviewed and approved by Executive Committee using a similar methodology of reviewing existing and proposed compensation against regional and national higher education surveys. The Executive Committee's actions are ratified at a subsequent meeting of the Board of Trustees. Schedule J, Part I, Line 7 It is at the discretion of the President or Board of Trustees that bonuses are awarded and are based upon significant accomplishments of key departmental objectives. Schedule J, Part II Other compensation reported on Schedule J, line 5, column iii includes deferred compensation approved by Board of Trustees for prior service. A Washington Higher Education Facilities Authority 911306482 2013-12-19 85515000 Refund Bonds Issued 06/26/2008; Buildings & Structures 0 0 0 A 4210000 0 85521449 0 344277 0 465534 0 0 21771301 62800000 478165 2014 1 0 0 1 A 0 0 1 1 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 Schedule K, Part II, Line 3-12/19/2013 85,515,000 Washington Higher Education Facilities Authority Investment earnings are included in line 3 but not on Part 1, column (e). Schedule K, Part III, Line 3a-12/19/2013 85,515,000 Washington Higher Education Facilities Authority Seattle Pacific University engages Sodexo America LLC to provide food service operations to its campuses. SPU has worked with bond counsel to review and create the agreement between SPU and Sodexo for this service so that the agreement meets the safe harbor provisions available under Rev.Proc.97-13. Schedule K, Part IV, Line 3-12/19/2013 85,515,000 Washington Higher Education Facilities Authority Bonds reflected in column A of Part II reflect one issuance in multi-modal format in five separate Series: Series 2013 A Bonds (Variable Rate), Series 2013 B Bonds (Variable Rate), Series 2013 C Bonds (Fixed Rate), Series 2013 D Bonds (Fixed Rate) and Series 2013 E Bonds (Fixed Rate). Bruce Congdon Dean Housing Loan X 30000 6000 0 1 1 6000 Merit Scholarships Relative 55500 Scholarships Student Financial Aid Marilyn Mortenson Spouse of key employee - not in employment reporting line 51038 Compensation/benefits 0 Melanie Whitehead Spouse of board member - not in employment reporting line 59178 Compensation/benefits 0 X 553 FMV X 25 1561829 Market Price X 1 6222 FMV X 1 330000 FMV X Airline tickets 1 12500 FMV X Equipment 2 8250 FMV X Lodging 1 5460 FMV X Auction items 22 4416 FMV 0 0 1 1 Schedule M, Part I, Line 32b The Seattle Pacific Foundation manages the liquidation of publicly traded securities. Other non-cash gifts are liquidated by brokers/dealers specialized in a specific area. Form 990, Part VI, Section B, Line 11b The University posts the form 990 on a secure website for the trustees to access prior to filing. The trustees receive a link to the website that allows them to access the return and are provided an opportunity to submit questions or concerns before the 990 is filed. The Executive Committee of the Board reviews the 990 as part of a separate process. Form 990, Part VI, Section B, Line 12c Once a year conflict of interest questionnaires are sent to the trustees, officers, directors, and key employees along with requests of other information that is needed for the completion of the form 990 return. Those surveys are then reviewed for conflicts and a determination is made as to what if any action is needed. Business transactions with Board members must meet purchasing standards of the University regarding price competitiveness. Form 990, Part VI, Section B, Line 15 The President's compensation is reviewed and approved annually by the Executive Committee of the Board of Trustees. The review includes a comparison of compensation levels of university presidents of similar institutions using both regional and national higher education compensation surveys. The compensation of other officers and key employees is reviewed and approved by Executive Committee using a similar methodology of reviewing existing and proposed compensation against regional and national higher education surveys. The Executive Committee's actions are ratified at a subsequent meeting of the Board of Trustees. Form 990, Part VI, Section C, Line 19 The University makes its governing documents, which includes the conflict of interest policy, available upon request. The audited financial statements are made available at www.spu.edu/about-spu/spu-facts and at various other organization websites associated with the University. Form 990, Part VII, Section A, Line 1a Craig Kispert is an officer per IRS instructions only and is not an officer per corporate by-laws. Form 990, Part XI, Line 5 This amount reflects the total of unrealized gains and losses on investments carried at market value. Seattle Pacific Foundation 3307 Third Ave W Seattle WA 98119 911068276 To support Seattle Pacific University WA 501 (c) (3) 11a Type I Seattle Pacific University 0 Charitable Remainder Unitrusts (52) 3307 Third Ave West Seattle WA 98119 Beneficial Interest WA N/A T 0 Irrevocable Trust (1) 3307 Third Ave West Seattle WA 98119 Beneficial Interest WA N/A T 0 Pooled Income Fund (1) 3307 Third Ave West Seattle WA 98119 Beneficial Interest WA N/A T 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0