2013-04-11T17:32:30-07:00 2012-06-30 990 2011-07-01 910564993 SAINT MARTINS UNIVERSITY SAIN 3604384534 5000 Abbey Way SE Lacey WA 98503 Susan Heltsley 3604384534 2013-04-11 2011 2016-02-25 16:41:14Z Roy Heynderickx 5000 Abbey Way SE Lacey WA 98503 56660447 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. 26 25 1016 27 280329 -35782 5268414 6024930 39302180 43368700 713935 1118039 306179 -3486443 45590708 47025226 13530349 14162269 0 0 16260711 17691178 0 0 277146 14977110 15225900 44768170 47079347 822538 -54121 83461201 89717768 48361468 55466063 35099733 34251705 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 10704832 0 38930033 Higher Education: Instructional programs and related services for on-campus and extension students leading to undergraduate and graduate degrees. Saint Martin's serves approximately 1,350 students at our main campus in Lacey, WA, and 375 students at the military extensions. Saint Martin's offers degrees in engineering, business, education and the liberal arts. 14162269 14162269 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. 4149539 0 4151892 Higher education: Auxiliary services including food service, bookstore and student housing. 8605540 0 0 Higher Education: Student Services for On-Campus and Extension Students leading to undergraduate and graduate degrees. 8605540 0 0 37622180 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 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 0 1 103 0 1 1016 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 1 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 A Richard Panowicz 1 X X 0 0 0 Roy F Heynderickx 40 X X 265354 0 42207 Joseph Alongi 1 X 0 0 0 Armandino Batali 1 X 0 0 0 Kenneth Berchtold 1 X 0 0 0 Brian Charneski 1 X 0 0 0 Fr Bede Classick OSB 1 X X 0 0 0 G Michael Cronk 1 X 0 0 0 Patrick W Crumb 1 X 0 0 0 Waite Dalrymple 1 X 0 0 0 Lori Drummond 1 X 0 0 0 Daniel Dugaw 1 X 0 0 0 Chris Fidler 1 X 0 0 0 Mary F Gentry 1 X 0 0 0 Phillip Hall 1 X 0 0 0 Richard Hecker 1 X 0 0 0 Fr Alfred J Hulscher OSB 1 X X 0 0 0 Br Boniface V Lazzari OSB 1 X 0 0 0 Fr Kilian Malvey OSB 1 X 0 0 0 Fr Justin McCreedy 1 X 0 0 0 Terrance Monaghan 1 X 0 0 0 Kathleen C O' Grady 1 X 0 0 0 Patrick Rants 1 X X 0 0 0 Abbot Neal G Roth OSB 1 X X 0 0 0 Phillip S Weigand 1 X 0 0 0 Joe Williams 1 X 0 0 0 Cynthia S Worth 1 X 0 0 0 Joseph Bessie 40 X 164381 0 36762 Susan Heltsley 40 X 117407 0 19082 Zella Kahn Jetter 40 X 128453 0 17185 Joachim R Beer 40 X 127864 0 18111 Joyce Westgard 40 X 113334 0 11369 Eric Apfelstadt 40 X 111436 0 15550 Josephine Yung 40 X 103568 0 6919 1131797 0 167185 8 0 1 0 BERSCHAUER PHILLIPS CONSTRUCTION CO PO Box 11489 Olympia WA 985081489 Construction 897166 MCGRANAHAN ARCHITECTS 2111 Pacific Avenue Tacoma WA 98402 Architect 395818 RUFFALOCODY LLC PO Box 3018 Cedar Rapids IA 524063018 Financial Aid Analysis 240002 Sophia Purchaser 62578 Collections Center Dr Chicago IL 60693 Information Services 150083 MCGLADREY & PULLEN LLP 5155 Paysphere Circle Chicago IL 60674 Auditing 112978 5 0 0 0 0 19048 6005882 198186 6024930 Tuition and Fees 611310 38731301 38731301 0 0 Auxiliary Enterprises 722310 4430517 4151892 272179 6446 Misc Campus Revenue 541800 206882 198732 8150 0 0 0 0 0 43368700 565314 0 0 565314 0 0 0 0 0 0 0 0 142403 0 0 0 142403 0 142403 0 0 142403 10010826 0 9458101 0 552725 0 552725 0 0 552725 396528 0 177120 219408 0 219408 0 0 0 0 0 0 0 0 0 0 0 0 Unrealized Loss on Interest Rate Swap 523999 -3848254 0 0 -3848254 0 0 0 0 -3848254 47025226 43081925 280329 -2361958 0 0 14162269 14162269 0 0 0 0 789045 0 789045 0 56444 56444 0 0 13478727 11285147 2036780 156800 1078298 902812 162942 12544 1163532 785278 351046 27208 1125132 907505 201310 16317 0 0 0 0 121341 0 121341 0 86147 0 86147 0 0 0 0 0 0 0 162966 0 162966 0 1825856 1447088 375633 3135 92882 52311 40571 0 792201 545633 208787 37781 258408 114593 143815 0 0 0 0 0 1030868 906117 122706 2045 1058921 922755 126400 9766 0 0 0 0 0 0 0 0 1735693 0 1735693 0 0 0 0 0 2764787 1709594 1055193 0 167503 20500 147003 0 Food Service 2118620 2073400 40941 4279 Equipment 993629 697437 294239 1953 Repairs and Maintenance 863610 388898 472489 2223 Dues and Subscriptions 458352 343562 114405 385 694116 300837 390569 2710 47079347 37622180 9180021 277146 2383609 1574982 5096465 4965839 1720889 4507651 1643518 1825395 0 0 0 0 0 0 6202 11637 236979 262672 88567932 29070136 55672313 59497796 12487119 12725739 0 0 996240 1018541 0 0 3217867 3327516 83461201 89717768 2446619 3424048 0 1148296 1248126 33810000 33185000 0 0 0 0 0 0 647739 3392709 10308814 14216180 48361468 55466063 X 21953199 22007503 4916806 3890193 8229728 8354009 35099733 34251705 83461201 89717768 X -54121 -793907 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12591418 588952 -60033 393793 0 52694 12673850 11402172 299820 1546167 589655 0 67086 12591418 9686472 1002330 1056957 299758 0 43829 11402172 8579825 1009176 647292 462118 0 87703 9686472 0.1647 0.8353 0 1 0 0 0 0 0 73626934 18846656 54780278 0 0 0 0 0 9455846 6650093 2805753 0 5485152 3573387 1911765 59497796 0 Interest Rate Swap 12203040 Annuities Payable 1040962 Government Grants Refundable 972178 14216180 47025226 47079347 -54121 -793904 0 0 0 -3848254 -4642158 -4696279 36094428 3054350 0 0 -13985148 -10930798 47025226 0 0 0 47025226 33094198 0 0 0 -13985149 -13985149 47079347 0 0 0 47079347 SchD_P05_S00_L04 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. SchD_P10_S00_L02 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 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, 2012 and 2011. In addition, the University has no material unrelated business income subject to tax at June 30, 2012 and 2011. 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 are filed by the University are no longer subject to examination for fiscal years ended prior to June 30, 2009. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Unrealized loss on interest rate swap $3,848,254 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Display of Scholarships (14,162,269) Special Event Expenses 177,120 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Display of scholarships (14,162,269) Special Event Expenses 177,120 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The organization publicizes its racially nondiscriminatory policy through an advertisement placed in the newspaper. SchE_P01_S00_L06 Schedule E, Part I, Line 6 Explanation of Government Financial Aid: 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. Gala Auction 526376 164385 361991 0 0 0 0 0 151490 Golf Tournament 35538 0 35538 0 4000 11550 0 0 10080 0 561914 164385 397529 0 4000 11550 0 0 161570 177120 220409 1 Student Tuition Assistance 1427 0 14162269 Current Tuition Rate SchI_P01_S00_L02 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 0 0 0 0 0 0 0 0 0 Roy F Heynderickx 223354 0 0 0 42000 0 17952 0 24255 0 307561 0 0 0 Joseph Bessie 164381 0 0 0 0 0 13100 0 23662 0 201143 0 0 0 SchJ_P01_S00_L01a 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 housing allowance of $30,000 per year, and an 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. Washington Higher Education Facilities Authority 939781ZG8 2007-06-28 36000000 Refinancing of existing bonds, new construction 0 0 0 0 0 36000000 2566732 0 0 1760052 0 0 19130019 12543197 0 2009 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 58302 Stock Trading Value X 1 57000 Fair Market Value X Gala Auction 153 69636 Cost X Other 3 71550 Cost 1 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b The University uses a Morgan Stanley account to process non-cash staock donations. When vacant land is received, a real estate agent is engaged to sell the property. F990_P06_S0A_L04 Form 990, Part VI, Section A, Line 4 Changes were made to the University's by-laws including a new mission statement, an update to Arcticle VI Section 2 clarifiying that a majority can consist of either member or non-member trustees, and an update to Arcticle IX Section 3 more clearly stating the duties and responsibilities of the Audit Committee. The amended by-laws were adopted 12/21/2011. F990_P06_S0A_L06 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 accorrding 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. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Capitulars from Saint Martin's Abbey can elect up to seven members of the University's Board of Trustees. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b During the 2011 tax year, the capitulars elected new members to the Board of Trustees, approved the revised University by-laws, and a line of credit to fund a new engineering building on campus. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b A copy of the Form 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. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Article 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 authorizes a contract or transaction. F990_P06_S0B_L15 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 based on a salary survey done by the HR director. The president's salary is reviewed yearly, and was last reviewed when his new contract was approved in November, 2011. F990_P06_S0C_L19 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. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized losses of (630,882), and a change in the value of the split-interest agreement of (163,025) are not included in the reported revenue. Charitable Remainder Trusts (5) Union Bank Premier Trust Services 2825 Colby Avenue Everett WA 98201 bank WA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Charitable Remainder Trusts (5) a-i 49382 Amount of interest and dividends reported by the custodian for fiscal year 2012 We received notice CP211A, dated 12/24/2012 granting Saint Martin's University an extension until February 15, 2013.