2012-05-08T17:07:54-07:00 2011-06-30 990 2010-07-01 910564961 THE UNIVERSITY OF PUGET SOUND UNIV 2538796110 1500 N Warner St CMB 1075 Tacoma WA 984161075 Sherry B Mondou 2538793204 2012-05-08 2010 2016-02-24 21:20:13Z Ronald R Thomas 1500 N Warner St CMB 1075 Tacoma WA 984161075 192115365 0 X www.pugetsound.edu X 1888 WA Education 33 31 2857 638 -333099 -344249 15154187 12099371 121391487 125028422 3715469 5350603 -361605 4899995 139899538 147378391 36260064 38508960 0 0 62081086 63279538 0 0 3376414 40558589 43775177 138899739 145563675 999799 1814716 474197981 508368666 111727179 109314241 362470802 399054425 Education 0 0 129665034 38508960 124695323 The only national independent undergraduate liberal arts college in Western Washington, Puget Sound serves 2,600 students from 48 states and 20 countries, providing 1,200 classes in more than 50 major areas of study in the arts, sciences, humanities, and social sciences, including graduate programs in education, occupational therapy, and physical therapy. The college maintains a student-faculty ratio of 11:1 and places an emphasis on excellence in teaching. Faculty awards include six Washington state professors of the year from the Carnegie Foundation. An academically rigorous residential college, Puget Sound offers a full range of services designed to support the academic experience, including athletics, study abroad, community service, and leadership opportunities. Globally focused, Puget Sound actively seeks and supports diversity in its students, faculty, and staff, and fosters lifelong relationships with alumni. 0 0 0 129665034 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 1 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 1 3801 0 2857 1 1 1 1 FR 0 0 0 0 0 0 0 0 X 33 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA MD MI MO NH OR WA X Janet S Hallman 2538798620 Associate VP/Controller 1500 N Warner St CMB 1075 Tacoma WA 984161075 X Carl G Behnke 2.3 X 0 0 0 Richard M Brooks '82 2.3 X X 0 0 0 William M Canfield '76 P'08 2.3 X 0 0 0 Mitzi W Carletti '78 2.3 X 0 0 0 Marvin H Caruthers P'02 2.3 X 0 0 0 Michael J Corliss '82 P'13 2.3 X 0 0 0 Hillis S Dillon '84 JD '88 2.3 X 0 0 0 Kathleen A Duncan '82 2.3 X 0 0 0 Randolph C Foster '74 2.3 X 0 0 0 Frederick W Grimm '78 2.3 X 0 0 0 Matthew M Kelleher '79 2.3 X 0 0 0 Thomas E Leavitt '71 JD '75 P'10 2.3 X 0 0 0 Gwendolyn H Lillis P'05 2.3 X 0 0 0 Eric Lindgren 2.3 X 0 0 0 Janeen Solie McAninch '77 P'06 2.3 X 0 0 0 George E Matelich '78 2.3 X X 0 0 0 William D McCormick P'97 2.3 X 0 0 0 Kenneth C McGill '61 2.3 X 0 0 0 William C Nelson '69 2.3 X 0 0 0 Jill T Nishi '89 2.3 X 0 0 0 Deanna W Oppenheimer '80 P'11 P'14 2.3 X X 0 0 0 Wade H Perrow '73 P'02 2.3 X 0 0 0 John C Pierce '65 P'94 P'97 2.3 X 0 0 0 Robert C Pohlad P'07 2.3 X X 0 0 0 Allan D Sapp '78 P'10 2.3 X 0 0 0 Robert T Shishido '72 P'09 2.3 X 0 0 0 Gillian Neukom Toledo '94 2.3 X 0 0 0 Barbara S Walker P'05 P'07 2.3 X 0 0 0 Guy N Watanabe '75 MBA'76 2.3 X 0 0 0 William T Weyerhaeuser 2.3 X 0 0 0 John A Whalley '64 2.3 X 0 0 0 Kenneth W Willman '82 2.3 X 0 0 0 Ronald R Thomas 40 X X 399411 0 166070 Kristine M Bartanen 40 X 200038 0 37348 David R Beers 40 X 216983 0 88176 Mary Elizabeth Collins 40 X 85299 0 27515 Katherine W Davis 40 X 105352 0 18045 Janet S Hallman 40 X 105804 0 23921 George H Mills Jr 40 X 174140 0 26117 Sherry B Mondou 40 X 227822 0 56792 J Michael Segawa 40 X 134987 0 21539 Kathleen Hummel-Berry 40 X 275258 0 9155 John M Hickey 40 X 145743 0 19134 William E Morse Jr 40 X 130983 0 20000 John P Woodward 40 X 124669 0 59781 David A Droge 40 X 123135 0 0 2449624 0 573593 52 0 1 0 Lease Crutcher Lewis 107 Spring Street Seattle WA 981041052 Const supplies and services 6048605 GLY Construction Inc PO Box 6728 Bellevue WA 980080728 Const supplies and services 5910991 Mortenson Construction PO Box 1867 Bellevue WA 98009 Const supplies and services 2861663 Bohlin Cywinski Jackson 1932 1st Ave Ste 916 Seattle WA 98101 Architectural services 690985 REP Electric Inc PO 11184 Tacoma WA 98411 Electrical supplies and serv 653353 66 0 0 16058 0 2229005 9854308 2533 12099371 Education 611310 125028422 125028422 0 0 0 0 0 0 125028422 4121237 0 0 4121237 0 0 0 0 0 0 0 0 0 0 45885653 66691 44656630 66348 1229023 343 1229366 0 0 1229366 9310 15528 13100 -3790 0 -3790 1544 896 648 0 0 648 Loss Other Endowment Investment 900099 -333099 0 -333099 0 Gain other investment 611310 5236236 0 0 5236236 0 0 0 0 4903137 147378391 125028422 -333099 10583697 0 37960243 37960243 548717 548717 0 2184981 665376 1062854 456751 62579 37475 25104 46152871 38293075 6338186 1521610 5000639 4192404 691340 116895 6628530 5271511 1116346 240673 3249938 2548304 571073 130561 0 185542 185542 100000 100000 2605 2605 0 2346779 2346779 4434553 3271439 1043995 119119 1605298 969408 412033 223857 3466139 2737808 563412 164919 1286053 1095216 152783 38054 23639 22371 1268 3705492 1523726 2181077 689 1942138 1640596 175925 125617 0 197248 149475 38085 9688 2464525 2190610 243186 30729 0 10883988 9387161 1379906 116921 632516 14444 618072 Allocation of plant O&M 0 9010675 -9088411 77736 Goods purchased for resale 4508270 4508270 0 0 Study abroad program expense 3475066 3475066 0 0 Membership dues 280630 118737 159298 2595 2234696 32927 2201769 145563675 129665034 12522227 3376414 X 0 0 0 0 12081526 13206122 39409033 30406059 14744525 2046133 1358488 9633681 16506334 15729779 757097 711708 3551369 2883946 253351427 78422894 153271232 174928533 124146337 146167882 98682087 109597084 595428 890855 9094525 2166884 474197981 508368666 16318964 17535739 21442 55165 2542742 2916018 63694205 62235625 131189 111288 29018637 26460406 111727179 109314241 X 192467604 207339457 71241008 90151310 98762190 101563658 362470802 399054425 474197981 508368666 X 1814716 34768907 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2605 2605 145561070 145563675 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 235 242 3416 2605 6498 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 SchC_P2A_S00_L01c Schedule C, Part II-A, Line 1c In addition to the lobbying amounts reported on line 1c, the university paid $70,523 in membership dues to organizations that may have performed lobbying activities on behalf of its membership. These organizations are 501(c)(3) organizations which are exempt under section 6033(e) from having to report to its membership the portion of dues that are allocable to political or lobbying activities. As such, the university does not have this information to report on this return. 0 539688 0 0 X X X X X Teaching material and curricula to K-12 0 0 1 217690667 5125849 41969501 6020356 5161501 2312710 251291450 195505393 7418474 28616915 5580841 5853911 2415363 217690667 244480093 6736634 -42356476 4945674 6005976 2403208 195505393 0.369 0.629 0.002 1 0 315000 10640133 10955133 1298952 189072532 66809682 123561802 0 17483346 8413759 9069587 0 34541464 3199453 31342011 0 0 0 0 174928533 0 0 Endowment hedge funds 45053295 F Endowment private equity 20550050 F Endowment private real estate, LPs & REITS 18680841 F Endowment natural resources LPs 15717221 F Endowment trusts with external trustees 1886251 F Investment in subsidiary 7709426 F 109597084 Beneficial interest in outside trusts 2034892 Assets restricted for investment in campus facilities 131992 2166884 Government advances for student loans 13122466 Unrealized loss on interest rate swaps 9091001 Liabilities under split-interest agreements 2575458 Asset retirement obligation 1562727 Capital lease obligations 108754 26460406 147378391 145563675 1814716 31365856 0 0 0 4344906 35710762 37525478 142737817 31365856 0 0 -33676456 -2310600 145048417 2343970 -13996 2329974 147378391 105212339 0 0 0 13996 13996 105198343 2343970 38021362 40365332 145563675 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The Slater Museum of Natural History: The Slater Museum of Natural History, which is located on the university's campus in Thompson Hall, provides one of the region's significant repositories for bird, mammal, reptile, amphibian and plant specimens from the Pacific Northwest. The museum serves as resource for students, researchers, artists and educators alike. The museum plays a significant role in the university's biology program and is used by schools throughout the south Puget Sound area. Thousands of K-12 students are exposed to the museum's collections through curriculum kits that go into the schools or museum tours. Exhibits to be installed this summer will further strengthen the museum's role as a resource for community groups, for educational programming, museum-based excursions. The Collins Memorial Library: The unique collections of the Collins Memorial Library cover a broad range of topics, formats and periods. The library's many unique materials include artists' books, manuscript collections, photographs, rare books, and materials that document local and regional history and art. The collections provide educational and research resources for students, faculty, and staff and support the university's commitment to teaching, learning, civic engagement, and diversity. SchD_P04_S00_L02b Schedule D, Part IV, Line 2b The university receives scholarship and fellowship funds from unrelated granting organizations and awards them to specific, named students as directed by the granting organizations. The university also acts as custodian for the funds of service organizations in which students, faculty, or staff participate. These organizations are legally separate from the university and are funded from sources independent of the university. SchD_P05_S00_L04 Schedule D, Part V, Line 4 The university's endowment includes donor-restricted endowment and funds designated by the Board of Trustees to function as endowment (quasi-endowment). The university's donor-restricted endowment was created through the generosity of generations of donors who requested that their gifts be invested for a period of time or in perpetuity to provide resources to support the university's mission. The university's quasi-endowment was created by the Board of Trustees through their designation of unrestricted bequests and careful stewardship of other unrestricted resources. The purpose of the endowment is to provide ongoing financial support for the university's annual operations. The university recognizes that support for current operations must be consistent with the long-term growth of the endowment. Over time the university's goal is to grow the endowment through careful investment and through the addition of new gifts, while providing steadily growing support to university programs across generations. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The university had no unrecognized tax benefits that would have required an adjustment to its net assets, and no unrecognized tax benefits at June 30, 2011. In general the university is no longer subject to U.S. federal and state income tax examinations by tax authorities before its fiscal year ended June 30, 2005. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Actuarial adjustments and other changes $3,403,052, investment gain from subsidiary $1,513,362, dividend income from subsidiary ($571,508) SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Actuarial adjustments and other changes $3,403,052, student financial aid expense ($38,021,362), investment gain from subsidiary $1,513,362 and dividend income from subsidiary ($571,508). SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Fundraising and gaming expenses ($13,996). SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Fundraising and gaming expenses $13,996. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student financial aid $38,021,362. 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 university publishes its nondiscriminatory policy towards students annually in a newspaper under guidelines set forth in Rev Proc 75-50, 1975-2 CB 587 Section 4.03. The university also includes this nondiscriminatory statement in publications dealing with student admissions, programs, and scholarships. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The university receives funding from the federal goverment to support student workstudy and financial aid including: Federal Work-Study Program, Federal Pell Grant Program, Academic Competitiveness Grants, National Science and Mathematics Access to Retain Talent (SMART) Grants, Teacher Education Assistance for College and Higher Education (TEACH) Grants, Federal Supplemental Education Opportunity Grants, and Federal Perkins Loan Program. Federal research grants have also been received directly or indirectly from the following federal agencies: National Science Foundation and National Aeronautics and Space Administration, National Endowment for the Humanities, Department of Health and Human Services/National Institutes of Health, Department of Commerce/National Oceanic and Atmospheric Administration. Other grants received from federal agencies include: Institute of Museum and Library Services and U.S. Department of Education. 1 Central America and the Caribbean 0 0 Grantmaking 47335 East Asia and the Pacific 0 0 Grantmaking 64945 Europe (including Iceland and Greenland) 0 0 Grantmaking 263359 Sub-Saharan Africa 0 0 Grantmaking 13995 South America 0 0 Grantmaking 66285 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 92798 Europe (including Iceland and Greenland) 1 1 Program Services Study Abroad Program 160183 East Asia and the Pacific 0 0 Program Services Study Tour 10484 East Asia and the Pacific 0 0 Program Services Faculty travel to conferences and professional meetings 15977 Europe (including Iceland and Greenland) 0 0 Program Services Faculty travel to conferences and professional meetings 14628 Middle East and North Africa 0 0 Program Services Faculty travel to conferences and professional meetings 1570 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Faculty travel to conferences and professional meetings 7986 South America 0 0 Program Services Faculty Travel to Conferences and Professional Meetings 1570 Central America and the Caribbean Investments 36970027 1 1 37731142 North America (including Canada and Mexico, but not the United States) Research 92798 Check 0 1 0 Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term Central America and the Caribbean 7 47335 Aid posted to student account held at the university 0 Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term East Asia and the Pacific 6 64945 Aid posted to student account held at the university 0 Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term Europe (including Iceland and Greenland) 31 263359 Aid posted to student account held at the university 0 Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term Sub-Saharan Africa 1 13995 Aid posted to student account held at the university 0 Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term South America 7 66285 Aid posted to student account held at the university 0 1 0 1 0 1 1 SchF_P01_S00_L02 Schedule F, Part I, Line 2 Student financial aid grants: All students seeking need based financial assistance are required to complete the FAFSA. Eligibility, or need, is determined through federal methodology and resulting Expected Family Contribution as set against standard cost of attendance. Need based aid is awarded based on federal and/or state eligibility requirements and institutional aid is awarded according to institutional policy. Amounts of aid awarded are in compliance with governing regulations or institutional policy. In compliance with Title IV regulations, total aid from all sources cannot exceed need or the annual cost of tuition, regardless of the level of need. Aid awards are posted to student accounts as an offset to semester charges. Institutional policy prohibits the release or refund of aid to students unless total charges for the semester have been paid. SchF_P01_S00_L03 Schedule F, Part I, Line 3 The university's financial statements are accounted for on an accrual basis of accounting. As such, the expenditures reported by region in column (f) are accounted for on an accrual basis of accounting and do not include expenditures that were accrued in a prior reporting period. Under the university's current accounting procedure, indirect and direct expenses associated with certain activities outside the United States are not separately tracked and therefore not included in column (f). Also included in column (f) is the book value of investments ($36,970,027) that may not represent current year expenditures. SchF_P03_S00_L00 Schedule F, Part III The number of recipients reported in column (c) were actual numbers obtained from the university's Student Financial Services. This department keeps a record of cash grants and the recipients. Auction 5048 3738 1310 0 0 0 1100 0 100 Golf Tournament 19790 11790 8000 0 118 10884 98 0 800 0 24838 15528 9310 0 118 10884 1198 0 900 13100 -3790 1 Student Financial Aid Grants 2228 37623626 Student Research Grants 171 273616 Faculty Research Grants 21 24706 Other Student Grants and Allocations 221 38385 SchI_P01_S00_L02 Schedule I, Part I, Line 2 All students seeking need based financial assistance are required to complete the FAFSA. Eligibility, or need, is determined through federal methodology and resulting Expected Family Contribution as set against standard cost of attendance. Need based aid is awarded based on federal and/or state eligibility requirements and institutional aid is awarded according to institutional policy. Amounts of aid awarded are in compliance with governing regulations or institutional policy. In compliance with Title IV regulations, total aid from all sources cannot exceed need or the annual cost of tuition, regardless of the level of need. Aid awards are posted to student accounts as an offset to semester charges. Institutional policy prohibits the release or refund of aid to students unless total charges for the semester have been paid. Research Grants are awarded to students and faculty in accordance with established written criteria and eligibility guidelines. Proposal applications are reviewed and awards are granted based on the quality, feasibility and merits of the research proposed. Student grant awards are generally paid by check and faculty grant awards are transferred to an institutional account from which funds are paid in reimbursement of actual expenditures which must be substantiated. All research grants require a final report and faculty research grants additionally require a financial accounting. Other Student Grants and Allocations include awards, prizes and other payment to students in recognition of academic and leadership achievements. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Kristine M Bartanen 198151 0 0 0 1887 0 25826 0 12742 0 238606 0 David R Beers 215483 0 0 0 1500 0 40944 0 47871 0 305798 0 George H Mills Jr 172640 0 0 0 1500 0 20717 0 5932 0 200789 0 Sherry B Mondou 225908 0 0 0 1914 0 41783 0 16162 0 285767 0 J Michael Segawa 133487 0 0 0 1500 0 16031 0 5951 0 156969 0 Ronald R Thomas 397911 0 0 0 1500 0 153081 0 24605 0 577097 0 John M Hickey 144447 0 0 0 1296 0 17334 0 2176 0 165253 0 Kathleen Hummel-Berry 51740 0 0 0 223518 0 6239 0 3096 0 284593 0 William E Morse Jr 124495 0 5000 0 1488 0 14951 0 5375 0 151309 0 John P Woodward 124069 0 0 0 600 0 16224 0 43887 0 184780 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a First-class or charter travel:The president is the only position reported in Form 990, Part VII for which the university paid or reimbursed business- or first-class travel. The university did not utilize chartered flights for air travel. Extensive travel is required of the position of president and s/he is encouraged by the Board of Trustees to travel business or first class on flights of two hours or more. This provision is made for several reasons: (1) business or first-class travel allows for the most flexibility to accommodate a travel schedule that must frequently be altered, often at the last minute to accommodate donors' schedules, add critical meetings, or to take advantage of other strategic opportunities for the university; (2) circumstances sometimes call for the president to return to campus without notice, or to remain on campus when a trip was planned, and first or business-class travel best accommodates these changing conditions; and (3) the Board of Trustees wishes the president to be at his or her best performance representing and seeking funding for the university during often grueling travel itineraries for meetings frequently critical to the institution's well-being. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 Line 4b: Persons who participated in a supplemental nonqualified retirement plan, including a reasonable estimate of their potential share of the increase in actuarial value of the faculty early retirement and career change plan and the postretirement medical plan: Ronald R Thomas ($123,371), Sherry B Mondou ($13,463), David R Beers ($14,414), Kristine M Bartanen ($1,240), and John P Woodward ($1,280). Persons who received payment from a supplemental nonqualified retirement plan: Kathleen Hummel-Berry ($196,520), and David A Droge ($118,485). Washington Higher Education Facilities Authority (WHEFA) 911306482 939781WU0 2006-06-30 30000000 Finance the construction and renovation of campus facilities 0 0 0 Washington Higher Education Facilities Authority (WHEFA) 911306482 939781WT3 2006-06-30 22360966 To advance refund outstanding WHEFA revenue bonds 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2008 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 2001 0 1 1 1 0 0 0 1 1 0 0 0 1 0 1 1 Bank of NY Mellon 30.3 0 0 1 Trinity Plus Funding Co LLC 2.1 1 0 1 0 1 1 The Bank of NY Mellon 22.5 0 0 0 0 0 Nancy Beers Family member of nontrustee officer employed by university as Programs and Records Specialist 35904 Compensation 0 Mary Thomas Family member of officer employed by the university as Special Associate to the Chair of the Board 25104 Compensation 0 Columbia Hospitality Inc An entity more than 35% directly owned by spouse of a current trustee 427341 Contract for oversight of dining and conference services operations 0 X 4 4850 Estimated FMV X 982 Estimated FMV X 66 1345004 Market value X Equip & supplies 23 45923 Estimated FMV X Gift Certificates 77 14305 Value of Certificates X Event Tickets 21 1937 Value of tickets X Broadcast airtime 1 20000 Value of airtime 0 0 1 1 SchM_P01_S00_L00 Schedule M, Part I Column B: The number of contributions represents a combination of the number of items received and the number of contributions received. For publicly traded securities, the number represents each gift of stock and not the number of shares received. SchM_P01_S00_L32b Schedule M, Part I, Line 32b The university utilizes thrid parties such as borkers, auctioneers, and dealers to assist in cost-effective liquidation of gifts of securities and real and tangible property, as appropriate, and to maximize the net gift received. The university has no related organizations that perform this function. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 1. Michael J Corliss, Board member, and Carl G Behnke, Board Member, business relationships 2. Michael J Corliss, Board member, and George E Matelich, Board Member, business relationships 3. Michael J Corliss, Board member, and Matthew M Kelleher, Board Member, business relationships 4. Carl G Behnke, Board member, and George E Matelich, Board Member, business relationships F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The preparation and review process for The University of Puget Sound's Form 990 and required schedules is designed to produce a complete and accurate return filed on time with the IRS. The Form 990 and required schedules are prepared by qualified staff from audited financial statement data or from data provided by university personnel responsible for preparing or maintaining such information. The form and required schedules are subjected to three levels of review before they are filed with the IRS. Two non-trustee financial officers (the controller, who is a CPA and the chief financial officer) review the form and required schedules against supporting source documentation. The Form 990 and required schedules, along with interpretive commentary are provided to each voting member of the Board of Trustees (university's governing body). Any changes identified during review are made and confirmed by a non-trustee financial officer before the Form 990 and required schedules are filed with the IRS. The filed Form 990 and required schedules are reviewed annually by the Audit Committee of the Board of Trustees. Additionally, the Compensation Committee of the Board of Trustees conducts an annual review of compensation-related disclosures in the Form 990 and required schedules. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Annually, non-trustee officers and the Board of Trustees meet compliance requirements with a Conflict of Interest questionnaire and the office of the Secretary of the Board of Trustees monitors and manages responses. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The university follows the rebuttable presumption of reasonableness procedures identified in Treasury Regulation section 53.4958-6, which require the following three conditions to be met: 1. All elements of compensation (compensation arrangements) are approved in advance by an authorized body which is the governing body, a committee of the governing body or other parties authorized by the governing body of the organization who do not have a conflict of interest with respect to the compensation arrangements. 2. Prior to making the determination, the authorized body obtains and relies upon appropriate data as to comparability. 3. The authorized body adequately documents the basis for its determination regarding compensation arrangements concurrently with making the decision. The procedures were used in determining the fiscal year 2010-2011 compensation of the president (CEO), other officers or key employees. This process is regularly undertaken for each such person anytime his/her compensation changes. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The governing documents and conflict of interest policy will be available upon request, subject to approval by the Chair of the Board of Trustees. The financial statements of the university are available on the website and a paper format is available upon request. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Column (B) Average hours per week: 40 hours reflect a full-time position; typically actual hours signficantly exceed 40. Column (D) Reportable compensation from the organization: Compensation reported for Kathleen Hummel-Berry includes early retirement benefits and other retirement payments. Compensation reported for David A Droge includes his teaching contract and early retirement benefits. Column (F) Estimated amount of other compensation from the organization: Benefits reported for David R Beers include dependent tuition benefits. Benefits reported for John P Woodward include dependent tuition benefits. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized gains $31,365,856, actuarial adjustment $3,403,052, and rounding ($1). Rainier Heights Holdings LLC 600 University Street Suite 600 Seattle WA 98101 Accept, manage and liquidate real estate WA 0 380452 N/A Northwest Academic Computing Consortium Inc 3203 SE Woodstock Blvd STE 326 Portland OR 972028199 841172799 Develop and use advanced technology OR 501(c)(3) 11e Type 1 N/A 0 CVI GVF Holdings 13 Ltd PO Box 309GT Ugland House S Church St Georgetown CJ KY1-1104 Hold endowment investments CJ N/A C 1482102 9160977 1 Charitable Remainder Trusts (19) 1500 N Warner St CMB 1075 Tacoma WA 98416 Beneficial Interest WA N/A T Charitable Lead Annuity Trusts (3) 1500 N Warner St CMB 1075 Tacoma WA 98416 Beneficial Interest WA N/A T 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CVI GVF Holdings 13 Ltd b 8500 Capital contribution CVI GVF Holdings 13 Ltd r 571509 Dividend Charitable Lead Annuity Trusts (3) r 52500 Charitable lead trust distribution