2015-04-13T22:51:06-05:00 2014-05-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2013-06-01 930386972 WILLAMETTE UNIVERSITY WILL 5033706985 900 STATE STREET SALEM OR 97301 MONICA RIMAI SENIOR VP FINANCE AND ADMIN 5033706985 2015-04-09 1 WENDY CAMPOS P00448102 5032421447 2013 2016-02-25 16:41:14Z STEPHEN E THORSETT 900 STATE STREET SALEM OR 97301 231614487 0 X WWW.WILLAMETTE.EDU X 1842 OR WILLAMETTE UNIVERSITY PROVIDES RIGOROUS EDUCATION IN THE LIBERAL ARTS AND SELECTED PROFESSIONAL FIELDS. TEACHING AND LEARNING, STRENGTHENED BY SCHOLARSHIP AND SERVICE, FLOURISH IN A VIBRANT CAMPUS COMMUNITY. A WILLAMETTE EDUCATION PREPARES GRADUATES TO TRANSFORM KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTIONS AND MEANING. 38 35 2722 400 -101360 -111675 12079301 12554742 122234655 123218215 9502257 8909710 2391349 2328531 146207562 147011198 44729872 46485489 0 0 59919740 59836257 0 0 2398443 37258129 36190979 141907741 142512725 4299821 4498473 430164245 448732824 100805623 100417767 329358622 348315057 X WILLAMETTE UNIVERSITY PROVIDES RIGOROUS EDUCATION IN THE LIBERAL ARTS AND SELECTED PROFESSIONAL FIELDS. TEACHING AND LEARNING, STRENGTHENED BY SCHOLARSHIP AND SERVICE, FLOURISH IN A VIBRANT CAMPUS COMMUNITY. A WILLAMETTE EDUCATION PREPARES GRADUATES TO TRANSFORM KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION AND MEANING. 0 0 122087257 46485489 106925711 HIGHER EDUCATION - INSTRUCTION AND SUPPORT: 1,956 IN THE COLLEGE OF LIBERAL ARTS, 362 IN THE COLLEGE OF LAW, 254 IN THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT, 13 IN THE JOINT DEGREE JD/MBA AND 51 IN THE GRADUATE SCHOOL OF EDUCATION (2,636 STUDENTS). 13169708 0 16292504 HIGHER EDUCATION - AUXILIARY FUNCTIONS: INCLUDES ROOM & BOARD (FOR 1,461 STUDENTS), BOOKSTORE AND SUMMER CONFERENCES. 135256965 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 0 0 0 1 3569 0 1 2722 1 1 1 1 SP 0 0 0 1 1 1 1 0 0 0 X 38 35 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CO OR WA X X X KENNETH L PIFER 5033706974 900 STATE STREET SALEM OR 97301 JAMES F ALBAUGH BOARD MEMBER 1.00 X 0 0 0 DIANE C BABBITT BOARD MEMBER 1.00 X 0 0 0 JULIE E BRANFORD BOARD MEMBER 1.00 X 0 0 0 TRUMAN COLLINS BOARD MEMBER 1.00 X 0 0 0 JAMES B CUNO BOARD MEMBER 1.00 X 0 0 0 HEATHER K DEMPSEY BOARD MEMBER 1.00 X 0 0 0 JAMES A FITZHENRY BOARD MEMBER 1.00 X 0 0 0 ERIC M FRIEDENWALD-FISHMAN BOARD MEMBER 1.00 X 0 0 0 WILLIAM R HADEN BOARD MEMBER 1.00 X 0 0 0 GRANT HAGIYA BOARD MEMBER 1.00 X 0 0 0 MELVIN HENDERSON-RUBIO BOARD MEMBER 1.00 X 0 0 0 DALE M HERMANN BOARD MEMBER 1.00 X 0 0 0 JOSEPH HOFFMAN BOARD MEMBER 1.00 X 0 0 0 BRIAN HUFFT BOARD MEMBER 1.00 X 0 0 0 MARY K HUGHES BOARD MEMBER 1.00 X 0 0 0 RONALD J KNOX BOARD MEMBER 1.00 X 0 0 0 EVA M KRIPALANI BOARD MEMBER 1.00 X 0 0 0 KONRAD KRUGER BOARD MEMBER 1.00 X 0 0 0 HEIDI PATTERSON BOARD MEMBER 1.00 X 0 0 0 CRAIG PESTI-STROBEL BOARD MEMBER 1.00 X 0 0 0 PUNIT RENJEN BOARD MEMBER 1.00 X 0 0 0 LYNN RISTIG BOARD MEMBER 1.00 X 0 0 0 JACQUELINE C RUSHING BOARD MEMBER 1.00 X 0 0 0 DALE C SAUSE BOARD MEMBER 1.00 X 0 0 0 LYNNE SAXTON BOARD MEMBER 1.00 X 0 0 0 KEVIN R SMITH BOARD MEMBER 1.00 X 0 0 0 MELISSA L SMITH BOARD MEMBER 1.00 X 0 0 0 PATRICIA SMULLIN BOARD MEMBER 1.00 X 0 0 0 GUY C STEPHENSON BOARD MEMBER 1.00 X 0 0 0 PATRICK J WAITE BOARD MEMBER 1.00 X 0 0 0 RODERICK C WENDT BOARD MEMBER 1.00 X 0 0 0 STEVEN E WYNNE CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 DONALD G BROWN VICE CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 SANDRA M ROWE SECRETARY OF THE BOARD 1.00 X X 0 0 0 KERRY R TYMCHUK ASSISTANT SECRETARY OF THE BOARD 1.00 X X 0 0 0 STEPHEN E THORSETT PRESIDENT 40.00 X X 369029 0 150057 WILLIAM A YASINSKI VP FOR FINANCIAL AFFAIRS/TREASURER 40.00 X X 271197 0 62898 KRISTEN GRAINGER ADMIN SECRETARY/VP/EXEC ASST TO PRES 40.00 X 176511 0 24858 PETER LETSOU DEAN OF THE COLLEGE OF LAW 40.00 X 163051 0 21283 MARLENE MOORE DEAN OF THE COLLEGE OF LIBERAL ARTS 40.00 X 211516 0 26590 SYMEON SYMEONIDES L PARKS CHAIR PROFESSOR OF LAW 40.00 X 262434 0 34165 DEBRA RINGOLD DEAN OF ATKINSON GRAD SCHOOL OF MGMT 40.00 X 236849 0 32640 DENNIS BERGVALL VP FOR ADVANCEMENT DEVELOPMENT 40.00 X 213536 0 30242 YVONNE TAMAYO PROFESSOR OF LAW/UNIV GEN COUNSEL 40.00 X 202488 0 20763 JAMES NAFZIGER THOMAS B STOEL PROFESSOR OF LAW 40.00 X 184514 0 25343 ROBERT OLSON FORMER INTERIM VP FIN AFFAIRS/TREAS 40.00 X 149029 0 58557 DAVID DOUGLASS FORMER INTERIM DEAN CLA 40.00 X 176682 0 66544 2616836 0 553940 91 1 1 0 COMPASS GROUP USA (BONAPPETIT) 2400 YORKMONT RD CHARLOTTE NC 28217 FOOD SERVICE 3724546 FORTIS CONSTRUCTION 1705 SW TAYLOR ST PORTLAND OR 97205 CONSTRUCTION 2759892 FXG CONSTRUCTION 1235 19TH ST NE SALEM OR 97301 CONSTRUCTION 792015 ROYALL & COMPANY 1920 EAST PARHAM RD RICHMOND VA 23228 ENROLLMENT MANAGEMENT 582682 HENNEBERY EDDY ARCHITECTS 921 SW WASHINGTON ST STE 250 PORTLAND OR 97205 ARCHITECTURE 457032 17 45868 1850567 10658307 1582642 12554742 TUITION AND FEES 611310 106925711 106925711 ROOM AND BOARD FEES 721310 14232676 14232676 AUXILIARY INCOME 611710 2059828 2059828 123218215 1802401 -101360 1903761 5 5 21715 21715 91663976 84556672 7107304 7107304 7107304 46236 45868 46617 -381 -381 OTHER INCOME 900099 2307197 2307197 2307197 147011198 123218215 -101360 11339601 19000 19000 45157536 45157536 1308953 1308953 1284433 240181 1044252 30712 30712 44067762 41218379 1394148 1455235 3940930 3724857 84609 131464 7026102 6492498 305517 228087 3486318 3202411 171510 112397 120951 117924 3027 130717 130717 404964 404964 1295478 1076034 117298 102146 410612 389590 2345 18677 2175469 1942497 68563 164409 1221421 1171451 10822 39148 2437031 2437031 2077975 1928343 35022 114610 132385 34452 80803 17130 2671367 2671367 5704348 5704348 721619 32919 688700 DESIGNATED/RESTRICTED 5568044 5568044 FOOD SERVICE 3649017 3649017 PROGRAM/STUDY ABROAD 3343991 3343991 BOOKSTORE 1031097 1031097 3094493 2882257 200123 12113 142512725 135256965 4857317 2398443 2092317 3513708 27121389 21571188 8120147 6377070 1574961 1990545 8033662 7834153 507707 471701 468880 381859 237020033 91924183 140799765 145095850 129367898 135166022 109638880 124246995 2438639 2083733 430164245 448732824 19489291 18499774 2073951 2587487 62385618 61183967 16856763 18146539 100805623 100417767 X 46437479 54372188 147733056 154346720 135188087 139596149 329358622 348315057 430164245 448732824 X 4498473 14304102 153860 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 719012 4395526 0 0 X X 0 222487762 3727322 23482147 4601814 8012288 404964 236678165 213765462 2007611 20404995 4824897 8430489 434920 222487762 238639755 1798414 -12718310 4881878 8698764 373755 213765462 215471491 3232101 34515481 5099917 9052579 426822 238639755 197933688 2383021 31018728 5399820 9450582 1013544 215471491 0.07000 0.93000 0.00000 1 0 8655297 8655297 166037350 54463597 111573753 13861718 9629589 4232129 6415065 4620323 1794742 42050603 23210674 18839929 145095850 PRIVATE EQUITY PARTNERSHIPS 41482505 F ENERGY FUND PARTNERSHIPS 12418234 F HEDGE FUNDS 45952604 F REAL ESTATE 10667233 F OTHER INVESTMENTS 13726419 F 124246995 ANNUITIES AND TRUSTS PAYABLE 11053546 GOVERNMENT ADVANCES FOR STUDENT LOANS 7092993 18146539 X 114943588 14304102 -46519689 -32215587 147159175 -147977 -147977 147011198 95987153 46617 46617 95940536 46572189 46572189 142512725 PART III, LINE 4: WILLAMETTE UNIVERSITY HAS A COLLECTION OF ART AND CULTURAL/HISTORICAL ARTIFACTS THAT CONSISTS OF PAINTINGS, PHOTOGRAPHS, CERAMICS, DRAWINGS, ARCHAEOLOGICAL ARTIFACTS, TEXTILES, SCULPTURES, NATIVE AMERICAN WOVEN BASKETS, AND OTHER MEDIA. THE COLLECTION IS VALUED AT $4,395,526 AND IS HELD IN THE UNIVERSITY ART MUSEUM. THE MUSEUM EXISTS TO SUPPORT THE LIBERAL ARTS CURRICULUM OF WILLAMETTE UNIVERSITY AND TO SERVE AS AN INTELLECTUAL AND CULTURAL RESOURCE FOR THE CITY OF SALEM AND BEYOND, THROUGH THE COLLECTION, PRESERVATION, EXHIBITION AND INTERPRETATION OF HISTORICAL AND CONTEMPORARY ART WITH AN EMPHASIS ON REGIONAL ART. PART V, LINE 4: THE ENDOWMENT FUNDS HELD BY THE UNIVERSITY ARE USED TO SUPPORT OPERATIONS, INCLUDING FINANCIAL AID, INSTRUCTION AND BUILDINGS. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THE UNIVERSITYS MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN BY THE UNIVERSITY AND HAS CONCLUDED AS OF MAY 31, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE UNIVERSITYS MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO FISCAL 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -46,114,725. INVESTMENT EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -404,964. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -101,360. FUNDRAISING EXPENSES NETTED WITH REVENUE ON 990 -46,617. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTED WITH REVENUE ON 990 46,617. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 46,114,725. INVESTMENT EXPENSE NETTED WITH ENDOWMENT INCOME ON FINANCIAL STATEMENTS 404,964. PRESIDENT'S HOUSING BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 52,500. 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 UNIVERSITY POSTED ITS POLICY IN THE OREGONIAN NEWSPAPER DURING THE PERIOD OF SOLICITATION FOR STUDENTS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TITLE IV FUNDS FOR FINANCIAL AID PURPOSES, AS WELL AS FEDERAL AND STATE GRANTS FOR FACULTY RESEARCH AND PROGRAMMING PURPOSES. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 46608000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 5927000 EUROPE (INCLUDING ICELAND & GREENLAND) 1 2 PROGRAM SERVICES STUDY ABROAD PROGRAM 946719 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 790560 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 71644 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 270091 SOUTH AMERICA 0 0 GRANTMAKING 158377 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 36150 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 10000 NORTH AMERICA 0 0 GRANTMAKING 25275 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 18500 1 2 0 0 1 2 54808541 53775 54862316 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 72 790560 APPLIED TO STUDENT BILL TO OFFSET TUITION AND FEES SCHOLARSHIPS EAST ASIA AND THE PACIFIC 25 270091 APPLIED TO STUDENT BILL TO OFFSET TUITION AND FEES SCHOLARSHIPS SOUTH AMERICA 16 158377 APPLIED TO STUDENT BILL TO OFFSET TUITION AND FEES SCHOLARSHIPS SUB-SAHARAN AFRICA 3 36150 APPLIED TO STUDENT BILL TO OFFSET TUITION AND FEES SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 10000 APPLIED TO STUDENT BILL TO OFFSET TUITION AND FEES SCHOLARSHIPS NORTH AMERICA 2 25275 APPLIED TO STUDENT BILL TO OFFSET TUITION AND FEES SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 2 18500 APPLIED TO STUDENT BILL TO OFFSET TUITION AND FEES 1 0 1 1 1 0 PART I, LINE 2: SCHOLARSHIPS/GRANTS AWARDED TO STUDENTS THAT ARE STUDYING ABROAD ARE APPLIED TO THEIR STUDENT ACCOUNTS. THE SCHOLARSHIPS OFFSET TUITION AND FEES TO REDUCE THE AMOUNT THAT STUDENTS OWE TO THE UNIVERSITY. THUS, THE STUDENTS DO NOT PHYSICALLY RECEIVE THE MONEY. THEREFORE, THERE IS NOT A NEED TO HAVE ANY PROCEDURES THAT DIFFER FROM STUDENTS THAT ARE ATTENDING ON CAMPUS, OTHER THAN THE VERIFICATION OF PARTICIPATION AND COMPLETION OF THE PROGRAM. THE FOLLOWING ARE THE PROCEDURES FOLLOWED BY THE UNIVERSITY FOR MONITORING THE USE OF SCHOLARSHIP/GRANT FUNDS: THE BUSINESS OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. FINANCIAL AID OFFICE NOTIFIES THE BUSINESS OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, FINANCIAL AID OFFICE AND BUSINESS OFFICE RECONCILE ACCOUNTS FOR ALL FUNDS. FOR DONOR-CONTRIBUTED SCHOLARSHIPS (ENDOWED OR ANNUALLY FUNDED), THE DEVELOPMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF THOSE FUNDS. SCHEDULE F PART IV, FOREIGN FORMS: THE UNIVERSITY HAD OWNERSHIP INTERESTS IN FOREIGN CORPORATIONS AND PASSIVE FOREIGN INVESTMENT COMPANIES THROUGH INVESTMENTS. HOWEVER, THE UNIVERSITY DOES NOT MEET THE FILING REQUIREMENTS FOR FORMS 5471 OR 8621, RESPECTIVELY, BASED UPON EACH FORM'S FILING INSTRUCTIONS. FORE WILLAMETTE 73214 36578 36636 19000 7478 17656 BELIEVE IN ME 18890 9290 9600 227 2062 194 92104 45868 46236 19227 9540 17850 46617 -381 1 SALEM ART ASSOCIATION 600 MISSION ST SE SALEM OR 97302 930421613 501(C)(3) 10000 SPONSORSHIP OF ART FAIR AND ANNUAL FUNDRAISER 1 0 SCHOLARSHIPS TO STUDENTS 2250 44805772 STUDENT RESEARCH GRANTS 60 167530 FACULTY RESEARCH GRANTS 49 124234 OTHER STUDENT AWARDS AND PRIZES 20 50000 OTHER FACULTY AWARDS AND PRIZES 7 10000 PART I, LINE 2: PROCEDURES FOR MONITORING OF SCHOLARSHIPS - THE BUSINESS OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. FINANCIAL AID OFFICE NOTIFIES THE BUSINESS OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, FINANCIAL AID OFFICE AND BUSINESS OFFICE RECONCILE ACCOUNTS FOR ALL FUNDS. FOR DONOR-CONTRIBUTED SCHOLARSHIPS (ENDOWED OR ANNUALLY FUNDED), THE DEVELOPMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF THOSE FUNDS. PROCEDURES FOR MONITORING RESEARCH GRANTS - THERE ARE SEVERAL DIFFERENT DEPARTMENTS THAT OFFER RESEARCH GRANTS AT WILLAMETTE. EACH DEPARTMENT HAS DIFFERENT MONITORING PROCEDURES FOR THE USE OF GRANT FUNDS. HOWEVER, THE MONITORING PROCEDURES TYPICALLY INVOLVE THE FOLLOWING: A WRITTEN AND/OR VERBAL REPORT ON THE RESEARCH PROJECT MUST BE SUBMITTED DURING AND/OR AT THE CONCLUSION OF THE PROJECT; RECEIPTS MUST BE SUBMITTED FOR REIMBURSEMENT OF PROJECT EXPENDITURES. FINAL PAYMENT OF GRANT FUNDS IS OFTEN CONTINGENT ON THE AFOREMENTIONED ITEMS. THE DEPARTMENT THAT AWARDS THE GRANTS HANDLES THE RELATED MONITORING OF THOSE GRANT FUNDS. PROCEDURES FOR MONITORING OTHER AWARDS AND PRIZES - AWARD/PRIZE RECIPIENTS ARE DETERMINED BY CRITERIA ESTABLISHED BY THE RESPECTIVE DEPARTMENTS. DEPARTMENTS WORK WITH THE ACCOUNTING OFFICE TO MAKE SURE THAT THE AWARD FUNDS ARE DISBURSED TO THE CORRECT STUDENT OR FACULTY MEMBER. X X X 0 1 X X X X X 0 1 0 0 0 0 0 0 0 STEPHEN E THORSETT PRESIDENT 360879 0 0 0 8150 0 73868 0 76189 0 519086 0 0 0 WILLIAM A YASINSKI VP FOR FINANCIAL AFFAIRS/TREASURER 257089 0 0 0 14108 0 25500 0 37398 0 334095 0 0 0 KRISTEN GRAINGER ADMIN SECRETARY/VP/EXEC ASST TO PRES 146047 0 0 0 30464 0 15342 0 9516 0 201369 0 0 0 PETER LETSOU DEAN OF THE COLLEGE OF LAW 162498 0 0 0 553 0 16577 0 4706 0 184334 0 0 0 MARLENE MOORE DEAN OF THE COLLEGE OF LIBERAL ARTS 205980 0 0 0 5536 0 20638 0 5952 0 238106 0 0 0 SYMEON SYMEONIDES L PARKS CHAIR PROFESSOR OF LAW 258923 0 0 0 3511 0 24643 0 9522 0 296599 0 0 0 DEBRA RINGOLD DEAN OF ATKINSON GRAD SCHOOL OF MGMT 230164 0 0 0 6685 0 23156 0 9484 0 269489 0 0 0 DENNIS BERGVALL VP FOR ADVANCEMENT DEVELOPMENT 207585 0 0 0 5951 0 21245 0 8997 0 243778 0 0 0 YVONNE TAMAYO PROFESSOR OF LAW/UNIV GEN COUNSEL 201375 0 0 0 1113 0 13256 0 7507 0 223251 0 0 0 JAMES NAFZIGER THOMAS B STOEL PROFESSOR OF LAW 179875 0 0 0 4639 0 17702 0 7641 0 209857 0 0 0 ROBERT OLSON FORMER INTERIM VP FIN AFFAIRS/TREAS 147762 0 0 0 1267 0 14736 0 43821 0 207586 0 0 0 DAVID DOUGLASS FORMER INTERIM DEAN CLA 175845 0 0 0 837 0 17630 0 48914 0 243226 0 0 0 PART I, LINE 1A THE UNIVERSITY PRESIDENT IS REQUIRED AS A CONDITION OF EMPLOYMENT TO MAINTAIN A PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE UNIVERSITY. THE HOUSING ARRANGEMENT IS FOR THE CONVENIENCE OF THE UNIVERSITY AND THE HOUSE IS USED FOR UNIVERSITY BUSINESS. CLUB MEMBERSHIPS WERE PROVIDED TO THE UNIVERSITY PRESIDENT AND THE DEAN OF THE GRADUATE SCHOOL OF MANAGEMENT AND ARE USED FOR UNIVERSITY BUSINESS MEETINGS. PERSONAL SERVICES CONSIST OF CUSTODIAL SERVICES FOR THE UNIVERSITY-OWNED RESIDENCE OCCUPIED BY THE PRESIDENT. PART I, LINE 1B ITEMS NOTED IN LINE 1A WERE PROVIDED BASED ON EMPLOYMENT AGREEMENTS WITH THE UNIVERSITY PRESIDENT AND OTHER EMPLOYEES, AND THE UNIVERSITY FOLLOWED THE PROVISIONS OF THESE AGREEMENTS REGARDING PAYMENT/REIMBURSEMENT/PROVISION OF THESE ITEMS. PART I, LINE 4B THE EMPLOYMENT AGREEMENT FOR PRESIDENT THORSETT INCLUDES A LONGEVITY BONUS EQUAL TO 10% OF THE BASE SALARY AMOUNT FOR EACH OF THE FIVE YEARS FOLLOWING JULY 1, 2011, PAYABLE UPON COMPLETION OF FIVE FULL YEARS OF EMPLOYMENT AS PRESIDENT. A STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 00068608J 2007-06-14 32409522 SEE SCHEDULE K, PART VI 0 0 0 B STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JMC2 2010-05-06 28540002 SEE SCHEDULE K, PART VI 0 0 0 A 915000 32409522 4273848 419966 23437177 2009 0 1 1 1 B 2935000 28540002 14222976 373227 14892393 2012 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 1 GE CAPITOL 2.500000000000 1 0 1 B 0 1 0 0 0 0 0 0 1 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/14/2012 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 6/14/07 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE BONDS WERE USED TO REPAY THE OUTSTANDING LINE OF CREDIT, TO FINANCE THE CONSTRUCTION OF FIVE MAJOR PROJECTS, AND TO ADVANCE REFUND $8,400,000 OF THE SERIES 2004 BONDS, WHICH WERE ISSUED ON JUNE 30, 2004. (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 5/6/10 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE BONDS WERE USED TO REPAY THE OUTSTANDING LINE OF CREDIT, TO ADVANCE REFUND THE REMAINING BALANCES OF THE SERIES 2004 (ISSUED JUNE 30, 2004) AND SERIES 2005 (ISSUED AUGUST 18, 2005) BONDS, TO PROVIDE FUNDING FOR SEVERAL CAPITAL PROJECTS, AND TO ASSIST WITH OTHER FACILITY UPGRADES AND IMPROVEMENTS. 750 SCHOLARSHIP TO ASSIST WITH FUNDING WILLAMETTE UNDERGRADUATE EDUCATION RACHEL DEWEY THORSETT SPOUSE OF OFFICER STEPHEN THORSETT 30712 EMPLOYMENT 0 KARI OLSON DAUGHTER OF FORMER OFFICER ROBERT OLSON 49108 EMPLOYMENT 0 X 31 658183 OPINION OF EXPERTS X 1000 COMPARABLE SALES X 27 857852 SELLING PRICE X 8 62982 OPINION OF EXPERTS X FUNDRAISER 3 1231 COST OF DONATED ITEM X EQUIPMENT 2 710 COST OF DONATED ITEM X FOOD/BEVERAGE 10 684 COST OF DONATED ITEM 9 0 1 0 PART I, COLUMN (B): REPRESENTS THE NUMBER OF DONORS WHO MADE CONTRIBUTIONS FOR THE APPLICABLE CATEGORIES. FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY BYLAWS GRANT BROAD AUTHORITY TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO ACT AS AN INTERIM BOARD. IT IS COMPRISED OF THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD, THE TREASURER, THE SECRETARY, THE PRESIDENT OF THE UNIVERSITY, AND THE CHAIRS OF THE STANDING COMMITTEES. ALL OF THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF TRUSTEES OR OFFICERS OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 2 DONALD BROWN, TRUSTEE, AND PATRICIA SMULLIN, TRUSTEE: FAMILY RELATIONSHIP RODERICK WENDT, TRUSTEE, AND STEVEN WYNNE, TRUSTEE: BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 4 WILLAMETTE UNIVERSITY AMENDED ITS BYLAWS DURING THE 5/31/2014 FISCAL YEAR. THE BYLAWS WERE AMENDED FOR THE FOLLOWING SIGNIFICANT CHANGES: - REVISED THE QUORUM FOR THE BOARD OF TRUSTEES AND THE EXECUTIVE COMMITTEE; - DISALLOWED VOTING BY PROXY; - AMENDED THE TRUSTEE NOMINATING PETITION REQUIREMENTS; - REVISED THE STUDENT REPRESENTATIVE APPOINTMENT AND REMOVED THE ALUMNUS/ALUMNAE REPRESENTATIVE APPOINTMENT TO THE BOARD OF TRUSTEES; - EXPANDED ON THE RIGHTS, PRIVILEGES, LIMITATIONS AND EXPECTATIONS OF THE UNITED METHODIST CHURCH APPOINTED TRUSTEES; - STATED THE BOARD'S POLICIES REGARDING TRUSTEE COMPENSATION AND THE PRESIDENTS APPOINTMENT TO THE BOARD OF TRUSTEES; - REMOVED THE LIFE TRUSTEE POSITION; - ESTABLISHED EXCEPTIONS TO THE BROAD AUTHORITY GRANTED TO THE EXECUTIVE COMMITTEE TO CONDUCT UNIVERSITY BUSINESS AS NECESSARY ON THE BOARDS BEHALF; - ESTABLISHED AN AUDIT COMMITTEE AND SET FORTH THE COMPOSITION, QUORUM, AND ROLES AND RESPONSIBILITIES OF THE AUDIT COMMITTEE; - ESTABLISHED SEPARATE COMMITTEE CHARTERS AND REMOVED FROM THE UNIVERSITY BYLAWS THE LANGUAGE DESCRIBING EACH COMMITTEES CHARGE AND ROLE; - GRANTED THE BOARD OF TRUSTEES THE AUTHORITY TO ESTABLISH STANDING COMMITTEES AS NECESSARY TO CONDUCT UNIVERSITY BUSINESS AND APPROVE CHARTERS FOR SUCH COMMITTEES; - REQUIRED THAT THE SUBCOMMITTEE ON TRUSTEESHIP MAINTAIN A CHARTER FOR EACH STANDING COMMITTEE THAT ARTICULATES AND GOVERNS THE ROLES AND RESPONSIBILITIES OF THE STANDING COMMITTEE; - REQUIRED THAT ANY NEW DEGREE OR CERTIFICATE PROGRAM WHERE ACADEMIC CREDIT MAY BE EARNED BE APPROVED AND CONFERRED BY THE BOARD; AND - REQUIRED A SUPERMAJORITY TO MODIFY THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 AND ITS RELATED SCHEDULES, EXCEPT FOR SCHEDULE B, WERE PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO THE UNIVERSITY FILING THE COMPLETED FORM WITH THE IRS. FORM 990 AND ITS ACCOMPANYING SCHEDULES ARE REVIEWED BY THE CONTROLLER AND THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THEN, THE DRAFT OF FORM 990, EXCEPT FOR SCHEDULE B, IS POSTED TO A SECURE WEBSITE THAT CAN ONLY BE ACCESSED BY MEMBERS OF THE BOARD OF TRUSTEES. BOARD MEMBERS ARE NOTIFIED VIA E-MAIL THAT FORM 990 IS AVAILABLE TO REVIEW ON THE SECURE WEBSITE. IN ADDITION, THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE RETURN. AFTER THE FORM HAS BEEN REVIEWED BY ALL NOTED PARTIES IT IS MODIFIED (IF NECESSARY), FINALIZED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS, MEMBERS OF THE BOARD OF TRUSTEES, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES AND IS DISTRIBUTED AND REVIEWED ANNUALLY. ALL TRUSTEES, OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES MUST COMPLETE, SIGN AND RETURN THE POLICY TO THE PRESIDENT'S OFFICE OR THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE BOARD'S PROCESS FOR ADDRESSING CONFLICTS OF INTEREST IN ACCORDANCE WITH THE ADOPTED ABOVE-REFERENCED POLICY IS AS FOLLOWS: "IF AN INDIVIDUAL BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST, THE INDIVIDUAL SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT ON A FORM AND TO THE CHAIRMAN OF THE BOARD OF TRUSTEES OR PRESIDENT, OR THE CHAIR OF ANY COMMITTEE OF THE BOARD CONSIDERING THE MATTER, AND SHALL REFRAIN FROM PARTICIPATING ON BEHALF OF THE UNIVERSITY IN THE MATTER TO WHICH THE CONFLICT RELATES UNTIL THE CONFLICT QUESTION HAS BEEN WAIVED BY VOTE OF THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD AFTER THE MATERIAL FACTS OF THE TRANSACTION AND THE INDIVIDUAL'S INTEREST ARE DISCLOSED OR KNOWN TO THE BOARD OR COMMITTEE OF THE BOARD, OR OTHERWISE RESOLVED IN COMPLIANCE WITH THE OREGON NONPROFIT CORPORATION ACT (ORS CH. 65)." THE BOARD CHAIR, BOARD TREASURER AND ADMINISTRATIVE SECRETARY TO THE BOARD MONITOR COMPLIANCE ON AN ONGOING BASIS. MONITORING ACTIVITIES MAY INCLUDE REVIEW OF MEETING MINUTES BY THE ADMINISTRATIVE SECRETARY TO IDENTIFY POTENTIAL/DEVELOPING CONFLICTS OR CONFLICTS THAT MAY HAVE ALREADY OCCURRED AND INFORMAL DISCUSSIONS WITH COMMITTEE CHAIRS OR BOARD OFFICERS TO RAISE AWARENESS OF CONFLICTS AND POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A AN AD HOC COMMITTEE OF MEMBERS OF THE BOARD OF TRUSTEES ESTABLISHED THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY. THE COMMITTEE CONSISTED OF THREE MEMBERS THAT DID NOT HAVE A CONFLICT OF INTEREST PER IRS REGULATIONS SECTION 53.4958-6(C)(1)(III). IN ORDER TO ESTABLISH AN APPROPRIATE LEVEL OF COMPENSATION, THE COMMITTEE GATHERED DATA FROM SIMILAR SIZED PRIVATE LIBERAL ARTS COLLEGES LOCATED IN THE NORTHWESTERN UNITED STATES. THE DATA FROM THE SCHOOLS WAS OBTAINED DIRECTLY FROM EACH INSTITUTION. IN ADDITION, A NATIONWIDE REVIEW OF COMPENSATION AS REPORTED ON THE 990'S OF OTHER SIMILAR SIZED PRIVATE LIBERAL ARTS UNIVERSITIES WAS PERFORMED. ONCE THE AMOUNT WAS DECIDED UPON, THE INFORMATION WAS PASSED ON TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SUBSEQUENTLY APPROVED THE COMPENSATION PACKAGE. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN AUGUST OF 2014. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY DOES NOT MAKE FORM 1023 AVAILABLE TO THE PUBLIC. THE UNIVERSITY DOES POST A COPY OF ITS CURRENT IRS EXEMPTION LETTER ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE UNIVERSITY'S WEBSITE. THE CONFLICT OF INTEREST POLICY AND THE UNIVERSITY'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS 101,360. PRESIDENT'S HOUSING BENEFIT NOT RECORDED ON FINANCIAL STATEMENTS 52,500. FORM 990, PART XII, LINE 2C: THE AMENDED AND RESTATED WILLAMETTE UNIVERSITY BYLAWS, ADOPTED OCTOBER 26, 2013, ESTABLISHED AN AUDIT COMMITTEE SEPARATE FROM THE FINANCIAL AFFAIRS COMMITTEE. THE AMENDED AND RESTATED WILLAMETTE UNIVERSITY BYLAWS SET FORTH THE AUDIT COMMITTEE'S COMPOSITION, MEETINGS, QUORUM AND ROLES AND RESPONSIBILITIES. PREVIOUSLY, THE FINANCIAL AFFAIRS COMMITTEE OVERSAW FINANCIAL REPORTING AND THE UNIVERSITY'S FINANCIAL STATEMENT AUDIT. CHARITABLE REMAINDER UNITRUSTS (33) 900 STATE STREET SALEM OR 97301 BENEFICIAL INTEREST OR N/A T 0 ESTATE TRUST (1) 900 STATE STREET SALEM OR 97301 BENEFICIAL INTEREST OR N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0