2015-02-11T18:19:45-07:00 2014-06-30 990 2013-07-01 930634049 MARYLHURST UNIVERSITY MARY 5036368141 PO Box 261 Attn Stephen Huckins Marylhurst OR 970360261 Stephen Huckins Assoc VP / Controller 5036368141 2015-02-11 2013 2016-02-25 16:41:14Z Stephen Huckins Marylhurst University PO Box 261 Marylhurst OR 970360261 27947681 0 0982 X www.marylhurst.edu X 1893 OR 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. 27 26 591 57 0 0 1159540 1760990 20797156 18093765 1796422 1393889 580696 529651 24333814 21778295 1462993 1510682 0 0 13689733 12298837 45212 7086 519289 9914609 8675230 25112547 22491835 -778733 -713540 44178918 45386402 3672646 3871833 40506272 41514569 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 17353162 1510682 18093765 Higher Education student population: 901 undergraduate students and 991 graduate students. Higher Education degrees granted: 208 bachelor degrees and 308 graduate degrees. 0 0 0 17353162 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 1 1 1 1 0 0 0 0 1 0 0 0 1 2200 0 1 591 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR SC X Stephen Huckins Assoc VP-Controller 5036368141 Marylhurst University PO Box 261 Marylhurst OR 970360261 X Ruth Beyer Trustee Chair 1.00 0 X 0 0 0 Xandra T McKeown Trustee Secretary Treasurer 1.00 0 X 0 0 0 Eileen Brown SNJM Trustee 1.00 0 X 0 0 0 Roswitha Frawley SNJM Trustee 1.00 0 X 0 0 0 Lynda Thompson SNJM Trustee 1.00 0 X 0 0 0 Janina Kokorowski SNJM Trustee 1.00 0 X 0 0 0 Ceclia A Ranger SNJM Trustee 1.00 0 X 0 0 0 Mary Burke SNJM Trustee 1.00 0 X 0 0 0 Diana Pierce Knox Trustee 1.00 0 X 0 0 0 Larry Choruby Trustee 1.00 0 X 0 0 0 Michelle Castano Garcia Trustee 1.00 0 X 0 0 0 Sam W Shoen MD Trustee 1.00 0 X 0 0 0 William C Barr Trustee 1.00 0 X 0 0 0 Andy Macritchie Trustee 1.00 0 X 0 0 0 Rebecca DeCesaro Trustee 1.00 0 X 0 0 0 Sylvia Giustina Trustee 1.00 0 X 0 0 0 Greg Hogensen Trustee 1.00 0 X 0 0 0 Edward J Vranizan Trustee 1.00 0 X 0 0 0 Stephen P Zimmer Trustee 1.00 0 X 0 0 0 Martin Ringle Trustee 1.00 0 X 0 0 0 Judie Hammerstad Trustee 1.00 0 X 0 0 0 Jane Hibbard SNJM Trustee 1.00 0 X 0 0 0 Patricia Smith Trustee 1.00 0 X 0 0 0 Scott Bolton Trustee 1.00 0 X 0 0 0 Kirk Mouser Trustee 1.00 0 X 0 0 0 Chip Terhune Trustee 1.00 0 X 0 0 0 Steve Brown Trustee 1.00 0 X 0 0 0 Kristin Stathis Trustee 1.00 0 X 0 0 0 Judith Johansen President 40 0 X 177926 0 9403 Jerry Hudson Interim President 40 0 X 63846 0 345 David Plotkin Provost 40 0 X 105469 0 14254 Michael P Lammers VP and CFO 40 0 X 79953 0 10291 Debra Meyers Interim VP for Finance & Campus Services 40 0 X 100951 0 8779 Lynn Andrews VP for Institutional Advancement 40 0 X 108373 0 12623 Elizabeth Woodward VP for Enrollment Management 40 0 X 83096 0 14371 Ethan Benatan VP for Information Services - CIO 40 0 X 71890 0 9081 Celina Ratliff VP for Human Resources and Organizational Excellence 40 0 X 132215 0 36084 Fr Rick Ganz VP for Community Relations 40 0 X 0 0 0 Sr Joan Saalfeld VP for Mission Integration 40 0 X 0 0 0 923719 0 115231 5 0 1 1 Compass Knowledge 105 Gordon Baker Road Suite 300 Toronto Ontario CA M2H-3P8 Marketing and Advising 3623919 Providence Health Plans PO Box 5728 Portland OR 972285728 Health Insurance 883518 ING National Trust PO Box 3015 New York NY 101163015 Retirement Investment Services 879798 Schommer & Sons Inc 6421 NE Colwood Way Portland OR 97218 Construction & Remodeling 498921 West Coast Visa 5000 Meadows Road Lake Oswego OR 97035 Banking 389973 10 0 0 77037 0 107961 1575992 148156 1760990 Tuition 611310 18093765 18093765 0 0 0 0 0 0 18093765 678480 0 0 678480 0 0 0 0 0 0 0 0 477274 0 108100 0 369174 0 369174 0 0 369174 6315726 0 5600317 0 715409 0 715409 0 0 715409 129561 77037 183611 -54050 0 -54050 0 0 0 0 0 0 353687 277358 76329 0 0 76329 Billing Fees 611310 42639 0 0 42639 Library Fees 611310 8822 0 0 8822 86737 0 0 86737 138198 21778295 18093765 0 1923540 X 0 0 1510682 1510682 0 0 0 0 870420 124286 685862 60272 0 0 0 0 8428770 6880549 1340333 207888 189482 141905 40762 6815 2101074 1582872 454815 63387 709091 531044 152542 25505 0 0 0 0 47834 0 47834 0 98562 0 98562 0 0 0 0 0 7086 7086 63774 0 63774 0 3773018 5638718 -1934786 69086 740494 450 740044 0 750721 301996 400617 48108 540618 227131 297503 15984 915 915 0 0 722960 12764 710196 0 99936 86011 12382 1543 0 0 0 0 35592 35283 309 0 77319 16760 60559 0 0 0 0 0 1381878 135642 1246236 0 91707 0 91707 0 Food 72038 50202 14174 7662 Small Equipment 1840 845 995 0 Memberships 136567 44665 86860 5042 39457 30442 8104 911 22491835 17353162 4619384 519289 1502507 2249452 1121095 1063678 670719 322595 946180 877688 0 0 0 0 460714 409198 209067 105217 388266 434861 38356169 20353376 18564186 18002793 18813834 20424364 1487335 1496556 0 0 0 0 15015 0 44178918 45386402 1308791 1493851 0 0 458282 485760 0 0 0 0 0 0 98617 69483 622897 549444 1184059 1273295 3672646 3871833 X 21478827 19994447 5246071 6983350 13781374 14536772 40506272 41514569 44178918 45386402 X -713540 0 0 0 0 1721837 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 110653 0 0 X X 0 19181757 755097 3104467 851315 -174048 113927 22250127 17548360 138477 2278578 848748 -165931 100841 19181757 17980193 166252 3444 622202 -109614 88941 17548360 14968745 630338 2903085 573702 -128494 76767 17980193 13899520 756187 1343087 661779 294021 74248 14968746 0.07 0.93 0 0 0 0 228026 228026 1474539 20824579 13246528 9052590 715417 0 405403 310014 0 6985986 4684305 2301681 0 8127622 2017140 6110482 18002793 0 Federal Perkins Loan Liability 413886 Unearned Rent 60253 Fin 47 Asset Retirement Obligation 739280 Unitrust, Annuity, & Agency Funds 59876 1273295 X 22499151 1726244 0 0 569069 2295313 20203838 63774 1510683 1574457 21778295 21490854 0 0 0 573475 573475 20917379 0 1574456 1574456 22491835 Schedule D, Part III, Line 4 The University has a small collection of art, historical treasures, and other similar assets. The collections includes paintings, pictures, statues, and a doll collection. Some of the pieces have been purchased by the University. Parts of the collection is on display. Schedule D, Part V, Line 4 Scholarships make up 81% of the endowed funds. The remaining 19% of the endowment is restricted to music, English literature and writing, and general support of the University. The Board designated quasi-endowment is used for special projects as authorized by the Board. Schedule D, Part X, Line 2 Financial Statements Footnote 2(g) Income Taxes - 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 through 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, 2014, as unrelated business income, if any, is immaterial to the financial statements. Schedule D, Part XI, Line 2d Cost of goods sold of $277,358; depreciation and leased buildings of $92,504; maintenance and repairs on leased buildings of $15,596; and fundraising direct expenses of $183,611. Schedule D, Part XI, Line 4b Tuition discounts of $1,510,682. Schedule D, Part XII, Line 2d Split interest agreement of $4,406; cost of goods sold of $227,358; depreciation on leased buildings of $92,504; maintenance and repairs on leased buildings of $15,596; and fundraising events expense of $183,611. Schedule D, Part XII, Line 4b Tuition discounts of $1,510,682 and management fees of $63,774. 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 annually publishes its racially nondiscriminatory policy in the Oregonian newspaper. Additionally, the Oregon Alliance of Independent Colleges and Universities annually publishes a statement for all of its member colleges and universities. Schedule E, Part I, Line 6 The University receives student financial aid from state and federal agencies. Golf 66057 17777 48280 2586 9280 16200 0 0 26016 Annual Dinner 70948 54260 16688 0 943 0 0 0 34490 5 69593 5000 64593 0 1280 0 0 0 92816 206598 77037 129561 2586 11503 16200 0 0 153322 183611 -54050 1 Tuition Discounts 318 0 656820 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) 113 23781 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 285 830081 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 Judith Johansen President 152486 0 0 0 25440 0 0 0 9402 0 187328 0 187328 0 Jerry Hudson Interim President 63846 0 0 0 0 0 0 0 345 0 64191 0 64191 0 Schedule J, Part I, Line 1a The University paid membership dues for organizations, including National Association of Independent Colleges & Universities (NAICU), NW Commission on Colleges and Universities (NWCCU), and Oregon Alliance of Independent Colleges & Universities (OAICU). 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 specific policy which addresses payment of social dues for its Officers, there are policies and procedures for ensuring expenditures incurred are 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 $63,600 and corresponding FICA payments totaling $3,288 to Judith Johansen, President. The University also made severance payments totaling $8,075 and corresponding FICA payments totaling $618 to Celina Ratliff, VP for Human Resources and Organizational Excellence. Xandra McKeown Trustee/Secretary/Treasurer 0 Xandra is an executive VP for West Coast Bank; the University's primary banking service provider. 0 Chip Terhune Trustee 0 Chip is a Director at Schnitzer Steel Inc; the University's President, Judith Johansen, is a member of the Board. 0 Diana Knox Trustee 0 Diana is an employee of Visa Inc. The University utilizes Visa Inc.'s payment services. 0 Judith Johansen President 0 Judith is a Director of Kaiser Permanente, which is of of two health insurance providers for the University. Also, her husband is a Partner at Schwabe, Williamson, and Wyatt. Schwabe is a corporate legal advisor for the University. 0 Debi Meyers Interim VP for Finance & Campus Services 0 Debi's husband is a partner at Perkins & Co, which provides some consulting services for charitable annuity and charitable remainder trust calculations. 0 Celina Ratliff VP for Human Resources & Organizational Excellence 0 Celina's husband is employed by Kaiser Dental, a health care provider of the University. 0 X 31 Donor X 16 89922 Ending MV day of receipt X 2 27825 Donor X Piano 1 25000 Donor X Tickets and similar 12 4248 Donor X Materials for Belluschi 1 1130 Replacement cost X Other 15 0 Not determinable 0 0 1 1 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 University Advancement Department provides the donor with a Charles Schwab account number, records the gift into the donor receiving record at the closing price on the gift date, and notifies the AVP/Controller. The AVP/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 A, Line 2 The University's President, Judith Johansen, sits on the Board of Schnitzer Steel Inc. Chip Terhune, a Trustee of the University, is employed by Schnitzer Steel Inc. The two share a business relationship. 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 Campus Services, AVP/Controller, and Assistant Controller. Subsequent to this review, the Audit Committee reports back to the Board of Trustees regarding its oversight of the Form 990. The Form 990 is electronically sent to each Trustee prior to filing and 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 conflict of interest. Those with conflict of interest are to refrain from participating in the consideration of proposed transactions, unless the Board of an Administrator 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 offices monitor for compliance. Form 990, Part VI, Section B, Line 15 For the President, the University looked to a recruiting agency who performed an environmental scan of presidential compensation. The results were reviewed by the Board of Trustees, who then decided the compensation package. For top management, Human Resources performed an analysis of compensation packages among the industry and compared the results to internal benchmark criteria and budget. Top management receives annual performance reviews, which are also compared against internal benchmark criteria. 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; $3.1M of which was incurred for services provided by Pearson Embanet. Form 990, Part XI, Line 9 Unrealized gains on investments of $1,726,244 and change in split interest agreement of -$4,406 (plus $1 rounding). 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 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, 2015.