2014-05-05T13:38:18-05:00 2013-06-30 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2012-07-01 930386892 PACIFIC UNIVERSITY % ALLIE LOSLI PACI 5033522819 2043 COLLEGE WAY Suite FOREST GROVE OR 97116 ALLIE LOSLI 2069134000 2014-05-05 true 2069134000 2012 2015-11-30 17:44:51Z Dr Lesley Hallick 2043 College Way Forest Grove OR 97116 137853258 false X WWW.PACIFICU.EDU X SCHOOL 1849 OR A DIVERSE & SUSTAINABLE COMMUNITY DEDICATED TO DISCOVERY & EXCELLENCE IN TEACHING, SCHOLARSHIP AND PRACTICE, PACIFIC UNIVERSITY INSPIRES STUDENTS TO THINK, CARE, CREATE, AND PURSUE JUSTICE IN OUR WORLD. 33 30 2690 303 400865 -76459 3959911 4520076 110385078 120887552 3476470 3789954 -160585 -145048 117660874 129052534 23981608 28916866 0 0 53853934 58425824 0 0 3535588 34150794 36593040 111986336 123935730 5674538 5116804 217634763 224673746 105080579 104627213 112554184 120046533 X PACIFIC UNIVERSITY BEGAN AS A SCHOOL FOR ORPHANS FROM THE OREGON TRAIL IN 1848 AND IN 1849 WAS CHARTERED AS A COLLEGE FOUNDED BY CONGREGATIONALISTS AND MODELED AFTER THE BEST SCHOOLS OF NEW ENGLAND. OVER TIME, THE UNIVERSITY HAS GROWN INTO A UNIQUE COMBINATION OF UNDERGRADUATE AND GRADUATE PROGRAMS IN LIBERAL ARTS AND SCIENCES, EDUCATION, BUSINESS AND HEALTH. TODAY, PACIFIC'S FOCUS ON TEACHING AND LEARNING IN A CLOSE NURTURING ENVIRONMENT LEADS TO GENUINE TRANSFORMATION IN STUDENTS' LIVES. DISTINGUISHED BY ITS INQUIRY-BASED CURRICULA AND INTERDISCIPLINARY COLLABORATION, PACIFIC OFFERS STUDENTS EXCEPTIONAL OPPORTUNITIES FOR EXPERIENTIAL LEARNING, LEADERSHIP AND CIVIC ENGAGEMENT. VISION 2020 PACIFIC UNIVERSITY WILL EMBRACE DISCOVERY AS AN ESSSENTIAL CHARACTERISTIC OF TEACHING, LEARNING, SCHOLARSHIP, PRACTICE, AND CREATIVE EXPRESSION. WE WILL ACHIEVE EXCELLENCE AND DISTINCTION BY INVESTING IN EXCEPTIONAL PEOPLE. WE WILL EMBRACE A RICH DIVERSITY OF IDEAS, PEOPLES AND CULTURES. WE WILL INCO false false 37517171 105562933 INSTRUCTION - ACADEMIC DEPARTMENTS PROVIDE EDUCATIONAL SERVICES TO ATTENDING STUDENTS. 28916868 28916866 GRANTS AND SCHOLARSHIPS - THE UNIVERSITY PROVIDES MONETARY SUPPORT THROUGH GRANTS, SCHOLARSHIPS, AND FINANCIAL AID TO QUALIFIED STUDENTS. 24407281 12549963 OTHER STUDENT SUPPORT SERVICES - DORM, CAFETERIA AND ACTIVITIES ARE PROVIDED TO STUDENTS TO ENHANCE THE ACADEMIC SOCIAL ENVIRONMENT AT THE UNIVERSITY. 3277717 2774656 CLINICS-PART OF CURRICULUM 3277717 2774656 94119037 true true false true false false false false false true true false false true true true true false true false false false false false true false false false true true true false false false false false false false false false false true false false false false true false false false false true 452 0 true 2690 true true true false false false true true true true false false false false X 33 30 false false false false false false false true true false false true true true true true true true false false OR X X ALLIE LOSLI 5033522819 2043 COLLEGE WAY FOREST GROVE OR 97116 Robert O Barrett 1.0 0.0 X 0 0 0 Evona Evie M Brim 1.0 0.0 X 0 0 0 George J Brown 1.0 0.0 X 0 0 0 Lisa Hargis 1.0 0.0 X 0 0 0 Michael E Hudson 1.0 0.0 X 0 0 0 Don R Kania 1.0 0.0 X 0 0 0 Peter O Kohler 1.0 0.0 X 0 0 0 Nancy M Phillips 1.0 0.0 X 0 0 0 Doug Weberling 1.0 0.0 X 0 0 0 Gerald C Yoshida 1.0 0.0 X 0 0 0 Gene Zurbrugg 1.0 0.0 X 0 0 0 Julie Berglund Baker 1.0 0.0 X 0 0 KENNETH C MCGILL 1.0 0.0 X 0 0 DR RICHARD MILES 1.0 0.0 X 0 0 0 JOSEPH A RODRIGUEZ 1.0 0.0 X 0 0 0 TIM SCHAUERMANN 1.0 0.0 X 0 0 0 WILLIAM H STOLLER 1.0 0.0 X 0 0 0 TOMMY THAYER 1.0 0.0 X 0 0 0 MINDY CAMERON 1.0 0.0 X 0 0 0 MANUEL CASTANEDA 1.0 0.0 X 0 0 0 PATRICK CH CLARK 1.0 0.0 X 0 0 0 BRIAN B DOHERTY 1.0 0.0 X 0 0 0 MARK FRANDSEN 1.0 0.0 X 0 0 0 REBECCA GRAHAM 1.0 0.0 X 0 0 0 RICHARD E HANSON 1.0 0.0 X 0 0 0 LAWRENCE W HARRIS III 1.0 0.0 X 0 0 0 DR YVONNE KATZ 1.0 0.0 X 0 0 0 KIM W LEDBETTER 1.0 0.0 X 0 0 0 Michelle Cowing 40.0 0.0 X 79303 0 16134 Dr Mary Katie Farrell 40.0 0.0 X 85429 0 12519 Tyler Oshiro 40.0 0.0 X 3500 0 0 Kasie Rust 40.0 0.0 X 1050 0 0 DR LESLEY HALLICK 40.0 0.0 X X 591313 0 34010 JOHN MILLER 40.0 0.0 X 199114 0 27942 MICHAEL MALLERY 40.0 0.0 X 195327 0 27061 JAMES SHEEDY 40.0 0.0 X 169466 0 19888 JENNIFER SMYTHE 40.0 0.0 X 173491 0 31178 SUSAN STEIN 40.0 0.0 X 174412 0 24229 Ann Barr-Gillespie 40.0 0.0 X 179413 0 22756 Mark Ankeny 40.0 0.0 X 170626 0 20415 2022444 0 236132 8 false true false Diversified Roofing Construction 16509 NW Seller Rd BANDS OR 97106 CONTRACTOR 315750 Bremik Construction Inc 1026 SE Stark Street PORTLAND OR 97214 CONTRACTOR 158299 KPMG LLP PO Box 120771 DALLAS TX 75312 ACCOUNTING 139753 3 183297 1890577 2446202 80559 4520076 EDUCATIONAL & EXTRACURICULAR PROGRAMS 611600 105562933 105562933 CLINICAL SERVICES 621400 2774656 2774656 AUXILLARY SERVICES 532000 12549963 12152017 397946 120887552 1821151 2919 1818232 0 0 0 0 0 10522584 7119 8526254 4378 1996330 2741 1968803 1968803 125044 183297 270092 -145048 -145048 0 0 0 129052534 120489606 400865 3641987 0 28916866 28916866 0 0 1204610 401347 803263 0 43190059 29491886 11962107 1736066 3449246 2322556 991806 134884 7318115 4927666 2104272 286177 3263794 2197681 938481 127632 0 202013 202013 167555 167555 0 0 51947 51947 0 0 3036986 2044960 873264 118762 0 0 3455046 2326461 993474 135111 0 0 2668423 1796788 767286 104349 4456064 3000499 1281309 174256 0 4555037 3067143 1309768 178126 0 INTERSCHOLASTIC ACTIVITIES 1953643 1886860 58788 7995 EQUIPMENT 2019581 1359889 580716 78976 ADMIN. COSTS 5700955 3838749 1639269 222937 CATERING & MEALS SERVICES 2804420 2559536 199077 45807 5521370 3980150 1356710 184510 123935730 94119037 26281105 3535588 20484244 22243107 2576239 287379 1785213 1690298 1895173 782576 0 0 0 0 6455603 6753345 396960 451227 3658702 4707674 170218188 50644198 121371391 119573990 25898509 29191053 8129087 11739648 0 1678812 0 0 24983642 25574637 217634763 224673746 6961075 7327306 0 0 4894494 5849782 75874890 74500437 0 0 0 0 0 0 5059567 4273371 12290553 12676317 105080579 104627213 X 65116261 68846455 12883129 15235755 34554794 35964323 112554184 120046533 217634763 224673746 X 5116804 2624389 -248844 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 69959 false false 69959 false 34218935 1214634 4327152 700713 638713 38421295 35425366 596897 -560319 683848 559161 34218935 30601967 839549 5190726 627812 579065 35425365 25570959 3903626 2326380 633447 565521 30601997 26588734 3513711 -3346086 1185400 25570959 0.37550 0.46180 0.16270 false false false 6496765 6496765 138197369 33877945 104319424 17385117 12820356 4564761 8138937 3945897 4193040 119573990 DEPOSITS WITH BOND TRUSTEE 6538667 FUNDS HELD IN TRUST BY OTHERS 19035970 25574637 0 FACULTY CONTRACTS PAYABLE 2696783 REFUNDABLE DEPOSITS 781249 CAPITAL LEASE OBLIGATION 137195 ASSET RETIREMENT OBLIGATION 1259790 EMPLOYMENT BENEFITS 676308 US GOVERNMENT GRANTS REFUNDABL 7124992 12676317 X 102781305 2624389 117808 2742197 100039108 29013426 29013426 129052534 95288956 95288956 28646774 28646774 123935730 Other Excluded Revenue SCHEDULE D, PART XI, LINE 2d SPLIT INTEREST AGREEMENTS 117,808 ------- TOTAL ADJUSTMENT 117,808 Other Included Revenue Schedule D, Part XII, Line 4b Partnership K-1 Loss (5,408) Direct Fundraising Expense - Reclass (270,092) Scholarship - Reclass 28,916,866 Actuarial Adjustment 372,060 ---------- Total 29,013,426 Other Included Expenses SCHEDULE D, PART XIII, LINE 4B Direct Fundraising Expense - Reclass (270,092) Scholarship - Reclass 28,916,866 ---------- Total 28,646,774 ENDOWMENT FUNDS PART V, LINE 4 The endowment funds are used to help the University plan beyond the current year. The fund grows each year through additional gifts and successful investing. The endowment primarily provides funding for scholarships, professorships and other school programs each year. FIN 48 FOOTNOTE PART X, LINE 2 The Internal Revenue Service has recognized the University as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code (IRC) as an organization described in Section 501(c)(3) of the IRC except to the extent of unrelated business income under Sections 511 through 515. Management believes that unrelated business income tax, if any, is immaterial, and therefore, no tax provision has been made. The University accounts for income taxes in accordance with FASB ASC No. 740-10, Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement 109, which clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a threshold of more likely than not for recognition of tax benefits of uncertain tax positions taken or expected to be taken in a tax return. ASC 740-10 also provides related guidance on measurement, derecognition, classification, interest and penalties, and disclosure. true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 DUE TO THE SIZE OF THE SCHOOL, ITS GEOGRAPHICAL LOCATION, AND THE COMMUNITY IT SERVES, THE NON-DISCRIMINATION POLICY AND RACIAL COMPOSITION OF THE STUDENT BODY IS WELL-KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED AND IS PUBLISHED LOCALLY. FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY SCHEDULE E, LINE 6A PACIFIC UNIVERSITY RECEIVES FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES, INCLUDING US GOVERNMENT GRANTS, LOANS AND OTHER GOVERNMENT GRANTS. FUNDRAISING 308341 183297 125044 0 0 86284 0 31500 152308 0 308341 183297 125044 0 0 86284 0 31500 152308 270092 -145048 true ACADEMIC AWARDS SCHOLARSHIPS 1665 26992154 0 N/A N/A ENDOWED SCHOLARSHIPS 166 826309 0 N/A N/A RESTRICTED NAMED SCHOLARSHIPS 596 962613 0 N/A N/A TUITION EXCHANGE WAIVERS 12 23070 0 N/A N/A TUALATIN ACADEMIC WAIVERS 12 112720 0 N/A N/A MONITOR PROCESS SCHEDULE I, PART 1, LINE 2 PACIFIC UNIVERSITY AWARDS FEDERAL AND STATE AID ONLY TO U.S. CITIZENS AND ELIGIBLE NON-CITIZENS. ELIGIBLE NON-CITIZENS ARE DEFINED AS THOSE LIVING IN THE U.S. FOR "OTHER THAN A TEMPORARY PURPOSE"; THEY CAN POSSESS A VARIETY OF DOCUMENTS WHICH DEMONSTRATES THAT STATUS, INCLUDING I-551S AND I-94S WITH CERTAIN STAMPS. APPLICANTS WHO FILE A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) HAVE THEIR FAFSA DATA MATCHED WITH DATA IN SEVERAL FEDERAL DATABASES, INCLUDING THE SOCIAL SECURITY ADMINISTRATION AND THE DEPARTMENT OF HOMELAND SECURITY. WHEN THOSE DATABASE MATCHES ARE NOT SUCCESSFUL, WE OBTAIN DOCUMENTATION FROM THE APPLICANTS TO ENSURE THAT WE ARE AWARDING FEDERAL AND STATE AID ONLY TO ELIGIBLE RECIPIENTS. THAT DOCUMENTATION BECOMES PART OF THEIR FINANCIAL AID FILES AND IS RETAINED FOR AT LEAST FIVE YEARS. ELIGIBLE NON-CITIZENS MUST ALSO BE OREGON RESIDENTS TO RECEIVE STATE AID. INSTITUTIONAL AID ONLY IS AWARDED TO CERTAIN INTERNATIONAL STUDENTS WHO ARE IN THE U.S. SOLELY OR PRIMARILY TO PURSUE POSTSECONDARY EDUCATION. ON AN ON-GOING BASIS, STAFF IN FINANCIAL AID AND BUSINESS OFFICE MONITORS THE ACTIVITY OF ALL AWARDING AND DISBURSEMENT ACTIVITY OF AWARDS AND LOANS ON A MONTHLY BASIS AT A MINIMUM. ANY DIFFERENCES OR ANOMALIES ARE INVESTIGATED IMMEDIATELY AND, IF NEEDED, CORRECTED. X true false X X X X X false false false false false false false false false JAMES SHEEDY 169466 0 0 0 0 0 0 0 19888 0 189354 0 0 0 JENNIFER SMYTHE 173491 0 0 0 0 0 0 0 31178 0 204669 0 0 0 SUSAN STEIN 174412 0 0 0 0 0 0 0 24229 0 198641 0 0 0 Ann Barr-Gillespie 179413 0 0 0 0 0 0 0 22756 0 202169 0 0 0 JOHN MILLER 199114 0 0 0 0 0 0 0 27942 0 227056 0 0 0 DR LESLEY HALLICK 345693 0 0 0 245620 0 0 0 34010 0 625323 0 0 0 MICHAEL MALLERY 195327 0 0 0 0 0 0 0 27061 0 222388 0 0 0 Mark Ankeny 170626 0 0 0 0 0 0 0 20415 0 191041 0 0 0 HOUSING ALLOWANCE SCHEDULE J, PART I, LINE 1A THE UNIVERSITY PROVIDES HOUSING ALLOWANCE AND AUTOMOBILE ALLOWANCE TO THE UNIVERSITY PRESIDENT. THE AMOUNT IS TAXED AND IS INCLUDED IN THE PRESIDENT'S FORM W-2. A City of Forest Grove Oregon 936002164 345648CE7 2005-08-16 41881709 SEE SUPPLEMENTAL INFORMATION false false false B City of Forest Grove Oregon 931159383 345648CX5 2009-07-23 34735307 CONSTRUCT NEW BUILDING false false false A 1830000 0 41881709 3746817 0 0 579798 1238701 0 26247416 0 0 2007 false true true true B 135000 0 34735307 2734314 3272095 0 694706 0 0 27522033 0 0 2011 false false true true A false false true true false 0.00000 0.00000 0.00000 false false false true B false false false false 0.00000 0.00000 0.00000 false false false true A false true false false 0 true RBC 3.5 true false true B false true false false 0 false 0 false true A true B true Schedule K, Part I, Line A, Column f 0 THE PURPOSE OF THE BOND ISSUANCE ON 8/16/2005 WAS TO REFUND SERIES 6/15/2000 BONDS AND CONSTRUCT A NEW HEALTH CAMPUS. SCHEDULE K, PART III, LINE 3a PACIFIC UNIVERSITY HAS FOOD SERVICE IN THE BUILDING. IT IS A SMALL KIOSK FOR FACULTY AND STAFF. THIS SERVICE IS INCIDENTAL AND SUPPORTS THE ORGANIZATION'S ACTIVITIES. SCHEDULE K, PART IV, LINE 2c NO REBATE IS REQUIRED. THE DATE OF THE COMPUTATION WAS JUNE 21, 2010. X 13 80559 AVERAGE MARKET VALUE false false false Number of Contributions Sch. M Part I The number of contributions reported in Part I is the total number of contributions received. REVIEW OF FORM 990 FORM 990, PART VI, LINE 11 A & B A DRAFT OF THE FORM 990 FOR FISCAL YEAR 2012-2013 WILL BE SENT TO EACH MEMBER OF THE BOARD BEFORE FILING. THE COMMITTEE HAS DELEGATED THE AUDIT COMMITTEE TO REVIEW THE FORM 990. THIS REVIEW PROCESS WILL TAKE PLACE BEFORE THE FORM 990 IS FILED AND WILL INCLUDE PARTIES FROM THE TAX FIRM INVOLVED, THE CONTROLLER, THE VP FOR FINANCE & ADMINISTRATION, AND THE AUDIT COMMITTEE. After review and prior to filing, A COPY OF THE RETURN WILL BE PROVIDED TO EACH BOARD MEMBER, PREFERABLY BY EMAIL TRANSMISSION. ENFORCEMENT OF WRITTEN CONFLICT OF INTERERST POLICY FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES CONFLICT OF INTEREST POLICY IS INCLUDED AS ARTICLE 6, SECTION 5 OF THE BYLAWS WHICH GOVERN THE ACTIONS OF THE BOARD OF TRUSTEES OF PACIFIC UNIVERSITY. a)TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. A TRUSTEE SHALL BE CONSIDERED TO HAVE A CONFLICT OF INTEREST IF (i) SUCH TRUSTEE HAS EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS WHICH IMPAIR OR MIGHT REASONABLY APPEAR TO IMPAIR SUCH MEMBER'S INDEPENDENT, UNBIASED JUDGMENT IN THE DISCHARGE OF SUCH TRUSTEE'S RESPONSIBILITIES TO THE UNIVERSITY, OR (ii) SUCH TRUSTEE IS AWARE THAT A MEMBER OF HIS OR HER FAMILY, OR ANY ORGANIZATION IN WHICH SUCH TRUSTEE (OR MEMBER OF HIS OR HER FAMILY) IS AN OFFICER, DIRECTOR, EMPLOYEE, MEMBER, PARTNER, TRUSTEE OR CONTROLLING STOCKHOLDER, HAS SUCH EXISTING OR POTENTIAL FINANCIAL OR OTHER INTERESTS. FOR THE PURPOSES OF THIS PROVISION, A FAMILY MEMBER IS DEFINED AS A SPOUSE, PARENT, SIBLING, CHILD AND ANY OTHER RELATIVE IF RESIDING IN THE SAME HOUSEHOLD AS THE TRUSTEE. b) ALL TRUSTEES AND COMMITTEE MEMBERS SHALL REFRAIN FROM CONFLICTS OF INTERESTS, THE PERCEPTION OF CONFLICTS OF INTEREST AND REQUESTING SPECIAL FAVORS. HOWEVER, IF CONFLICTS DO OCCUR, TRUSTEES AND COMMITTEE MEMBERS SHOULD DISCLOSE THEIR INTEREST DURING THE TRANSACTION OF BUSINESS AND ABSTAIN FROM VOTING ON ISSUES WHERE A CONFLICT IS PRESENT. ANNUALLY, BOARD MEMBERS RECEIVE A COPY OF THE CONFLICT OF INTEREST STATEMENT AND ARE REQUIRED TO COMPLETE A DISCLOSURE STATEMENT. THIS STATEMENT IS RETURNED TO THE OFFICE OF THE PRESIDENT AND KEPT ON FILE. THE PRESIDENT AND CHAIRMAN OF THE BOARD FOLLOW-UP WITH THE BOARD MEMBERS REGARDING COMPLETING THE DISCLOSURE STATEMENT. THE OFFICE OF THE PRESIDENT MONITORS RECEIPT OF THE SIGNED STATEMENT TO ENSURE ALL BOARD MEMBERS COMPLETE THE DISCLOSURE. ALL RESPONSES ARE REVIEWED BY THE PRESIDENT. IF A MEMBER DISCLOSES A CONFLICT OF INTEREST, A COPY IS SENT TO THE VP OF FINANCE. ADDITIONALLY, UPON DISCOVERY OF A POSSIBLE CONFLICT OF INTEREST OR AT ANY OTHER TIME REQUESTED BY THE COMMITTEE OF TRUSTEES, TRUSTEES WILL BE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND RETURN IT TO THE OFFICE OF THE PRESIDENT. THE UNIVERSITY'S INSTITUTIONAL CONFLICT OF INTEREST POLICY FOR ALL EMPLOYEES, INCLUDING OFFICERS, REQUIRES EMPLOYEES TO DISCLOSE ALL CONFLICTS OF INTEREST WITH THE UNIVERSITY. A COPY OF THIS CONFLICT OF INTEREST POLICY IS DELIVERED ELECTRONICALLY TO EMPLOYEES ANNUALLY AND IS INCLUDED AMONG UNIVERSITY INSTITUTIONAL POLICIES POSTED IN THE HUMAN RESOURCES WEB PAGE ONLINE. HTTP://WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM THIS POLICY PROVIDES THAT A CONFLICT OF INTEREST EXISTS IF AN EMPLOYEE'S ACTIONS, ACTIVITIES, OR PRACTICES ON BEHALF OF THE UNIVERSITY EITHER (A) RESULT IN PREFERENTIAL TREATMENT OR AN IMPROPER GAIN OR ADVANTAGE TO THE EMPLOYEE, THE EMPLOYEE'S FAMILY OR BUSINESS ASSOCIATES, OR (B) HAS A DETRIMENTAL EFFECT ON THE UNIVERSITY'S INTERESTS. A CONFLICT OF INTEREST MAY OCCUR WHEN AN EMPLOYEE FAILS TO EXERCISE DUE CARE, SKILL OR JUDGMENT ON BEHALF OF THE UNIVERSITY IN THE PERFORMANCE OF THE EMPLOYEE'S DUTIES BECAUSE OF AN INTEREST INCONSISTENT WITH THE MISSION GOALS OR WORK OF THE UNIVERSITY. EMPLOYEES MUST PROVIDE FULL DISCLOSURE OF ALL FACTS AND CIRCUMSTANCES RELATED TO ANY TRANSACTION, CONTRACT OR ACTIVITY IN WHICH THEY ARE INVOLVED, OR MAY BECOME INVOLVED, THAT MIGHT DIRECTLY OR INDIRECTLY CREATE A CONFLICT OF INTEREST WITH THE UNIVERSITY. DISCLOSURE IS MADE TO THE EMPLOYEE'S IMMEDIATE SUPERVISOR WHO MUST REPORT THE MATTER TO THE VICE-PRESIDENT OF FINANCE AND ADMINISTRATION. FAILURE TO DISCLOSE A CONFLICT OF INTEREST SUBJECTS THE EMPLOYEE TO DISCIPLINE UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. SECTION 4.10 OF THE UNIVERSITY HANDBOOK GOVERNS FACULTY CONFLICTS OF INTERESTS RELATED TO OUTSIDE CONSULTING OR PARTICIPATION IN COMMERCIAL OR GOVERNMENTAL ENTERPRISES THAT HAVE THE POTENTIAL FOR CREATING A CONFLICT OF INTEREST WITH UNIVERSITY OBLIGATIONS. A CONFLICT OF INTEREST DISCLOSURE FORM MUST BE SUBMITTED NO LATER THAN SEPTEMBER 15 ANNUALLY TO A DEPARTMENT CHAIR OR DIRECTOR AND TO THE COLLEGE DEAN BY FACULTY MEMBERS WITH APPOINTMENTS OF 0.5 FTE OR GREATER. COMPENSATION REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 15 THE BYLAWS OF PACIFIC UNIVERSITY SPECIFICALLY STATE THAT THE BOARD OF TRUSTEES IS RESPONSIBLE TO APPOINT THE PRESIDENT AND SET APPROPRIATE CONDITIONS OF EMPLOYMENT WHICH INCLUDE COMPENSATION. THE BOARD SHALL ESTABLISH THE CONDITIONS OF EMPLOYMENT OF OTHER KEY INSTITUTIONAL OFFICERS WHO SERVE AT THE PLEASURE OF THE PRESIDENT (IN CONSULTATION WITH THE BOARD AS MAY BE APPROPRIATE). A COMMITTEE OF THE BOARD COMPRISED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT OR PROPERTY TRANSACTION WILL BE AUTHORIZED BY THE BOARD TO REVIEW COMPENSATION DATA AND OTHER EMPLOYMENT INFORMATION APPROPRIATE FOR THE POSITION OF THE PRESIDENT. IN 2006, THE UNIVERSITY CONTRACTED WITH AN OUTSIDE FIRM TO CONDUCT A BENCHMARKING STUDY IN ORDER TO OBTAIN COMPETITIVE AND RELEVANT COMPENSATION DATA. THIS BENCHMARKING STUDY INCLUDED RELEVANT INFORMATION ABOUT PACIFIC UNIVERSITY AND THE RESPONSIBILITIES AND ROLE OF THE PRESIDENT. SUCH INFORMATION INCLUDED A JOB DESCRIPTION FOR THE POSITION, PACIFIC'S COMPENSATION PHILOSOPHY, GOALS, ROLES AND RESPONSIBILITIES AND OTHER PERTINENT INFORMATION. IN ADDITION, THE FIRM CONDUCTED A COMPREHENSIVE SURVEY OF COMPENSATION PACKAGES OF UNIVERSITY PRESIDENTS THAT INCLUDED 12 TO 15 PEER INSTITUTIONS. THE SURVEY ITSELF INCLUDED REQUESTS OF INFORMATION ON BASE COMPENSATION, BONUSES, DEFERRED COMPENSATION, AND RETIREMENT PROGRAMS AND INCLUDED VARIOUS PERQUISITES. THE FIRM MONITORED RESPONSES AND ANALYZED THE DATA AND THEN PREPARED A REPORT OF THE RESULTS. THIS BENCHMARKING REPORT ALSO INCLUDED RECOMMENDATIONS OF THE RANGE OF PERCENTILES FOR COMPENSATION BASED ON THE PEER GROUP AND INCLUDED RECOMMENDATIONS REGARDING THE STRUCTURE OF THE PACKAGE. THIS BENCHMARKING STUDY IS OBTAINED AND RELIED HEAVILY UPON BY MEMBERS OF THE EXECUTIVE COMMITTEE AND A SUMMARY OF THE FINDINGS ARE REPORTED IN THE COMMITTEE MINUTES AND SHARED WITH THE BOARD OF TRUSTEES. ONCE A POTENTIAL PRESIDENT IS SELECTED, A SPECIAL MEETING OF THE BOARD OF TRUSTEES IS THEN CONDUCTED TO REVIEW THE PROCESS AND TO VOTE IN FAVOR OF ELECTING THE NEW PRESIDENT. DURING THIS PROCESS MINUTES ARE TAKEN AND EACH TRUSTEE PRESENT MUST CALL OUT THEIR VOTE AND THEIR VOTE IS RECORDED IN THE MINUTES LISTING THE INDIVIDUALS WHO ELECTED IN FAVOR. THEN AT THE NEXT REGULAR BOARD OF TRUSTEES MEETING A MOTION IS MADE AND MUST BE PASSED APPOINTING THE NEXT PRESIDENT. THIS IS FULLY DOCUMENTED IN THE MINUTES OF THE MEETING. THIS PROCESS WAS LAST UNDERTAKEN FOR THE PRESIDENT IN JUNE 2013. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND PACIFIC UNIVERSITY'S ARTICLES OF INCORPORATION ARE OF RECORD IN THE OFFICE OF THE OREGON SECRETARY OF STATE. CURRENT ARTICLES OF INCORPORATION AND BYLAWS FOR THE BOARD OF TRUSTEES ARE AVAILABLE FROM THE OFFICE OF THE PRESIDENT OF THE UNIVERSITY UPON REQUEST. THE INSTITUTIONAL CONFLICT OF INTEREST POLICY AND THE CONSENSUAL RELATIONS POLICY ARE SITUATED ON THE INSTITUTION'S HUMAN RESOURCES WEBSITE AT: HTTP://WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM SECTION 4.10 OF THE UNIVERSITY HANDBOOK IS FOUND ONLINE AT: HTTP://WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM PDF FINANCIAL STATEMENTS ARE AVAILABLE ON THE INSTITUTION'S BUSINESS OFFICE WEBSITE AT: HTTP://PACIFICU.EDU/OFFICES/BO/STAFFFACULTY/INDEX.CFM ALL OF THE DOCUMENTS ABOVE ARE ALSO AVAILABLE BY REQUEST. Reconciliation of Net Assets Part XI Line 9 Split Interest Agreements 117,808 Actuarial Adjustments (372,060) Partnership Income 5,408 --------- Total (248,844) Charitable Remainder Trusts (10) CRUT OR NA TRUST 0 0 0.00000 true Charitable Remainder Trusts (1) CRAT OR NA TRUST 0 0 0.00000 true GEORGE ROSSMAN TRUST US BANK 111 SW 5TH AVE 6TH FLOOR PORTLAND OR 97204 936051550 CHARIT. TRUST OR NA TRUST 27686 0 1.00000 true JUDITH SCOTT WALTER TRUST PO BOX 20160 LONG BEACH CA 908013160 956007893 CHARIT. TRUST OR NA TRUST 70070 0 1.00000 true JOSEPH B VANDERVELDEN FOUNDATION 2781 KITTITAS HWY ELLENSBURG WA 98926 936286521 CHARIT. TRUST OR NA TRUST 102215 0 1.00000 true ELISE EILERS ELLIOTT 1993 TRUST 225 BUSH STREET SUITE 500 SAN FRANCISCO CA 94104 010679337 REVOCABLE TRUST OR NA TRUST 241830 0 1.00000 true true false false false false false false false false false false false false false false false false false false GEORGE ROSSMAN TRUST A 27686 CASH RECEIVED JUDITH SCOTT WALTER TRUST A 70070 CASH RECEIVED JOSEPH B VANDERVELDEN FOUNDATION A 102215 CASH RECEIVED ELISE EILERS ELLIOTT 1993 TRUST A 241830 CASH RECEIVED