2015-02-27T18:45:50-07:00 2014-06-30 990 2013-07-01 910564993 SAINT MARTINS UNIVERSITY SAIN 3604384534 5000 Abbey Way SE Lacey WA 98503 Susan Heltsley Vice President of Finance 3604384590 2015-02-27 2013 2016-03-07 17:11:31Z Roy Heynderickx 5000 Abbey Way SES Lacey WA 98503 60985570 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 1064 27 287637 -6938 4384041 1753331 45918486 47525033 2006400 1462307 373075 405259 52682002 51145930 15724889 16593866 0 0 19297828 19675636 130202 68934 196373 15752845 15235167 50905764 51573603 1776238 -427673 87198221 84606509 48451657 45049185 38746564 39557324 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 11694530 0 42705831 Higher Education: Instructional programs and related services for on-campus and extension students leading to undergraduate and graduate degrees. Saint Martin's serves approximately 1,416 students at our main campus in Lacey, WA and 362 students at the military extensions. Saint Martin's offers degrees in engineering, business, education anad the liberal arts. 16593866 16593866 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 4216851 0 4819202 Higher education: Auxiliary services including food service, bookstore and student housing. 11333620 0 0 Higher Education: Student Services for On-Campus and Extension Students leading to undergraduate and graduate degrees. 11333620 0 0 43838867 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 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 73 0 1 1064 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 35 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 WA X X Susan Heltsley 3604384534 5000 Abbey Way SE Lacey WA 98503 Patrick Rants Board Chair 1 0 X X 0 0 0 A Richard Panowicz Vice Chair 1 0 X X 0 0 0 Roy F Heynderickx President 40 0 X X 254775 0 82683 Abbot Neal G Roth OSB Chancellor 1 0 X X 0 0 0 Fr Bede Classick OSB Treasurer 1 0 X X 0 0 0 Fr Alfred J Hulscher OSB Secretary 1 0 X X 0 0 0 Joseph Alongi Trustee 1 0 X 0 0 0 Ken Anderson Trustee 1 0 X 0 0 0 Armandino Batali Trustee 1 0 X 0 0 0 Kenneth Berchtold Trustee 1 0 X 0 0 0 Brian Charneski Trustee 1 0 X 0 0 0 G Michael Cronk Trustee 1 0 X 0 0 0 Patrick W Crumb Trustee 1 0 X 0 0 0 Waite Dalrymple Trustee 1 0 X 0 0 0 Lori Drummond Trustee 1 0 X 0 0 0 Daniel Dugaw Trustee 1 0 X 0 0 0 Gerry Gallagher Trustee 1 0 X 0 0 0 Jim Guerci Trustee 1 0 X 0 0 0 Phillip Hall Trustee 1 0 X 0 0 0 Francis Iwasawa Trustee 1 0 X 0 0 0 Br Boniface V Lazzari OSB Trustee 1 0 X 0 0 0 Steve Leahy Trustee 1 0 X 0 0 0 Kathy Lombardo Trustee 1 0 X 0 0 0 Fr Kilian Malvey OSB Trustee 1 0 X 0 0 0 Matt Marcus Trustee 1 0 X 0 0 0 Fr Justin McCreedy Trustee 1 0 X 0 0 0 Terence Monaghan Trustee 1 0 X 0 0 0 Kathleen C O' Grady Trustee 1 0 X 0 0 0 John O'Halloran Trustee 1 0 X 0 0 0 Katie Opitz Trustee 1 0 X 0 0 0 Richard Roney Trustee 1 0 X 0 0 0 Fr Stephen Rowan Trustee 1 0 X 0 0 0 Jay Rudd MD Trustee 1 X 0 0 0 Phillip S Weigand Trustee 1 0 X 0 0 0 Joe Williams Trustee 1 0 X 0 0 0 Cynthia S Worth Trustee 1 0 X 0 0 0 Fr Aelred Woodard OSB Trustee 1 0 X 0 0 0 Joseph Bessie Provost Terminated 6-2013 40 0 X 53699 0 5939 Molly Smith Provost 40 0 X 79887 0 3278 Susan Heltsley VP of Finance/Chief Financial Officer 40 0 X 110665 0 64592 Rosanne Nichols VP of Institutional Advancement, terminated 10/4/2013 40 0 X 168539 0 15344 Zella Kahn Jetter Dean of Engineering 40 0 X 116997 0 17244 Joyce Westgard Dean, College of Education and Professional Psychology 40 0 X 114809 0 17592 Eric Apfelstadt Dean of Arts and Sciences 40 0 X 113437 0 16007 Joachim R Beer Dean of Business 40 0 X 108171 0 19836 1120979 0 242515 9 0 1 0 BON APPETIT 1000 West Temple Street Los Angeles CA 900740196 Food Service 2474477 RUFFALOCODY LLC PO Box 3018 Cedar Rapids IA 524063018 Admissions and Professional Fundraising 382491 Ellucian Company 62578 Collections Center Drive Chicago IL 60693 Higher Ed Software and Services 142808 Orbis Cascade Alliance 2288 Oakmont Way Eugene OR 97401 Library Collection Services 130651 Miller-Nash PO Box 3585 Portland OR 972083585 Attorneys 122438 7 0 0 380822 0 22085 1350424 169294 1753331 Tuition and Fees 611310 42258277 42258277 0 0 Auxiliary Enterprises 722310 4819202 4536527 277424 5251 Misc Campus Revenue 541800 447554 437341 10213 0 0 0 0 0 47525033 484788 0 0 484788 0 0 0 0 0 0 0 0 157484 0 0 0 157484 0 157484 0 0 157484 10487611 0 9510092 0 977519 0 977519 0 0 977519 577323 380822 329548 247775 0 247775 0 51145930 47232145 287637 1872817 0 0 16593866 16593866 0 0 0 0 645683 0 645683 0 90164 90164 0 0 15104547 12980044 2063822 60681 1208364 1038404 165106 4854 1362997 1004550 356339 2108 1263881 1023364 236400 4117 0 0 0 0 107373 0 107373 0 138450 0 138450 0 0 0 0 0 68934 68934 94401 0 94401 0 1264238 960781 294352 9105 127689 63725 63964 0 875737 774784 67102 33851 323955 178029 145926 0 0 0 0 0 1061180 886175 175005 0 1143061 1043962 91020 8079 0 0 0 0 0 0 0 0 1707745 0 1707745 0 0 0 0 0 3375552 2992587 382965 0 205521 27570 177951 0 Repairs and Maintenance 389040 206524 182496 20 Food Service 2047906 2019176 27137 1593 Equipment 566203 541771 24182 250 Dues and Subscriptions 541584 362507 177811 1266 1265532 1050884 213133 1515 51573603 43838867 7538363 196373 2000579 2341409 3365917 3016475 591209 235439 1993048 2277587 11637 0 310350 339107 92464512 34835512 59930072 57629000 14390762 12939608 293306 3699131 1040373 975235 0 3270968 1153518 87198221 84606509 2727833 2556400 1336536 1222645 32520000 29535000 0 0 0 0 0 0 586937 552952 11280351 11182188 48451657 45049185 X 24965721 23967230 3781618 5180066 9999225 10410028 38746564 39557324 87198221 84606509 X -427673 798819 0 0 0 439614 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 9686472 1002330 1056957 299758 0 43829 11402172 0.184 0.618 0.198 1 0 0 0 0 0 75953976 23061869 52892107 0 0 0 0 0 10371847 7816688 2555159 0 6138689 3956955 2181734 57629000 0 Government Grants Refundable 972178 Annuities Payable 1488073 Interest Rate Swap 8721937 11182188 X 36165976 757197 45927 0 -16112623 -15309499 51475475 0 -329545 -329545 51145930 35355216 45927 0 0 329552 375479 34979737 0 16593866 16593866 51573603 Schedule D, Part V, Line 4 The University's endowment consists of approximately 105 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 as 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, 2014 and 2013. In addition, the University has no material unrelated business income subject to tax at June 30, 2014 and 2013. 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, 2011. Schedule D, Part XI, Line 2d Display of Scholarships (16,593,866) Unrealized Gain on Interest Rate Swap 481,243 Schedule D, Part XI, Line 4b Special Event Expenses Schedule D, Part XII, Line 2d Special Event Expenses Schedule D, Part XII, Line 4b Display of Scholarships 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. X X X X X X X 1 RuffaloCody LLC P O Box 3018 Cedar Rapids IA 524063018 Performs direct mail, email and phone solicitations 0 76799 68934 7865 76799 68934 7865 WA Gala 920564 369387 551177 0 0 0 74692 0 280805 Golf Tournament 37581 11435 26146 0 5838 6300 6744 0 14303 0 958145 380822 577323 0 5838 6300 81436 0 295108 388682 188641 1 Student Tuition Assistance 1432 0 16593866 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 1 1 0 0 0 0 0 0 0 Roy F Heynderickx President 254775 0 0 0 0 0 61952 0 20731 0 337458 0 0 0 Rosanne Nichols VP of Institutional Advancement 168539 0 0 0 0 0 9883 0 5461 0 183883 0 0 0 Susan Heltsley VP of Finance/Chief Financial Officer 110665 0 0 0 0 0 9600 0 54992 0 175257 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 Roseanne Nichols terminated employment October 2013, $44,000 severance;President Roy Heynderickx, Deferred Comp $44,000. A Washington Higher Education Facilities Authority 911306482 2014-04-24 33535000 Refinancing of bonds issued in 2007 0 0 0 A 0 0 33535000 0 0 0 271857 0 0 0 29263143 4000000 2014 1 0 1 1 A 0 0 0 0 0 0 0 1 A 0 1 0 0 1 1 US Bank 18 0 0 0 0 1 A 1 X 3 11456 Fair Market Value X 10 Fair Market Value X 5 55395 Stock Trading Value X 1 500 Fair Market Value X 1 17217 Actual Cost X Gala Auction 57 47679 Cost X Scoreboards 1 27830 Cost X Golf Tournament Food 1 6744 Cost X Promotional Materials 1 2464 Cost 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 are deemed Member-Trustees. The Members may elect additional Members to serve as Member-Trustees in such number as the Members determine. Form 990, Part VI, Section A, Line 7b During the 2013 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 Acticle 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, officer, 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 authoizes 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 (41,622) Unrealized Gain on Interest Rate Swap 481,236 Charitable Remainder Trusts (5) Union Bank Premier Trust Services 2825 Colby Avenue Everett WA 98201 bank WA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 The University filed an application for extension dated 1-27-2015. The extension was until May 15, 2015.