2012-05-10T15:28:13-05:00 2011-06-30 KPMG LLP 801 Second Avenue Suite 900 Seattle WA 98104 990 2010-07-01 930386892 PACIFIC UNIVERSITY PACI 5033522819 2043 COLLEGE WAY FOREST GROVE OR 97116 Lesley M Hallick 2012-05-09 ROBISON Sue 2069134000 2010 2016-02-24 21:20:13Z DR LESLEY HALLICK 2043 College Way Forest Grove OR 97116 123460318 false X WWW.PACIFICU.EDU X SCHOOL 1849 OR TO PROVIDE EDUCATIONAL SERVICES TO ATTENDING STUDENTS. 37 34 2614 437 389113 54594 5373403 3617179 97361413 105882266 2060089 5695067 0 -144970 104794905 115049542 18618292 22275527 0 0 49351181 52950566 0 0 3760824 29621396 33019290 97590869 108245383 7204036 6804159 209001911 218974639 107829425 107714168 101172486 111260471 X PACIFIC UNIVERSITY HAD ITS ORIGIN IN A MEETING OF THE ASSOCIATION OF CONGREGATIONAL AND PRESBYTERIAN BRETHREN HELD AT OREGON CITY, OREGON, ON SEPTEMBER 21, 1848 FOR THE PURPOSE OF ESTABLISHING A SEMINARY OF LEARNING FOR THE INSTRUCTION OF PERSONS OF BOTH SEXES IN SCIENCE AND LITERATURE. PACIFIC UNIVERSITY IS ONE OF THE OLDEST CHARTERED INSTITUTIONS OF HIGHER EDUCATION IN THE WEST. ITS HISTORICAL AND GROWING TIES TO COLLEGES AND BUSINESSES IN EAST ASIA, ESPECIALLY JAPAN, ENSURE ITS CONTINUING POSITION AS A PIONEERING INSTITUTION INTO THE 21ST CENTURY. 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COSTS 4815639 3231031 1365090 219518 EQUIPMENT 2260591 1516734 640810 103047 CATERING & MEALS SERVICES 2411776 2137565 202247 71964 INTERSCHOLASTIC ACTIVITIES 1794508 1732197 53679 8632 UTILITIES 1522920 1021796 431703 69421 4123644 2985969 980072 157603 108245383 80979999 23504560 3760824 12990527 17535189 13582489 1228064 3885610 3923914 2031079 1847406 7884963 6840701 354018 288359 3190643 3090122 164596641 42083166 112265210 122513475 22590439 27517714 6994704 8196830 23232229 25992865 209001911 218974639 6441350 7365836 4081265 4431667 78553795 77539342 6388036 5809581 12364979 12567742 107829425 107714168 X 58064874 61586267 11268194 14972222 31839418 34701982 101172486 111260471 209001911 218974639 X 6804159 3283826 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 78340 false false 78340 false 30601967 839549 5190726 627812 579065 35425365 25570959 3903626 2326380 633447 565521 30601997 26588734 3513711 -3346086 1185400 25570959 0.37880 0.46950 0.15170 false false false 6259138 6259138 135678447 27378827 108299620 14739418 11243635 3495783 7919638 3460704 4458934 122513475 DEPOSITS WITH BOND TRUSTEE 6896686 FUNDS HELD IN TRUST BY OTHERS 19096179 25992865 0 FACULTY CONTRACTS PAYABLE 2649342 REFUNDABLE DEPOSITS 723242 CAPITAL LEASE OBLIGATION 191676 ASSET RETIREMENT OBLIGATION 1302808 EMPLOYMENT BENEFITS 671700 US GOVERNMENT GRANTS REFUNDABLE 7028974 12567742 115049542 108245383 6804159 5530493 -789799 4740694 11544853 96364347 3848564 1681928 5530492 90833855 24215687 24215687 115049542 86276362 306505 306505 85969857 22275526 22275526 108245383 OTHER ADJUSTMENTS SCHEDULE D, PART XI, LINE 8 CHANGE IN DISTRIBUTION (930,759) ACTUARIAL ADJUSTMENTS (587,473) PARTNERSHIP INCOME 728,433 TOTAL ADJUSTMENT (789,799) OTHER ADJUSTMENTS - REVENUE Schedule D, Part XII, Line 4b Change in Distribution 930,759 Scholarships - Reclass 22,275,527 Actuarial Adjustments 587,473 Partnership K-1 Gain 728,433 Direct Fund Raising Expense - Reclass (306,505) TOTAL ADJUSTMENT 24,215,687 OTHER ADJUSTMENTS - EXPENSES SCHEDULE D, PART XIII, LINE 4B Scholarships - Reclass 22,275,526 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 TAX UNDER THE PROVISIONS OF SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE 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. OTHER ADJUSTMENTS -REVENUE ON BOOKS NOT RETURN Part XII Line 2d Split Interest Agreements 816,813 Quasi Endowment Fund 865,115 Total Line 2d Adjustments 1,681,928 Other Adjustments Expense on Books not Return Part XIII Line 2d Direct Fundraising Expense - Reclass 306,505 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. X false FUNDRAISING 395881 234346 161535 0 29315 159862 0 39895 77433 0 395881 234346 161535 0 29315 159862 0 39895 77433 306505 -144970 true ACADEMIC AWARDS SCHOLARSHIPS 1544 20686874 0 N/A N/A ENDOWED SCHOLARSHIPS 146 770146 0 N/A N/A RESTRICTED NAMED SCHOLARSHIPS 535 763112 0 N/A N/A TUITION EXCHANGE WAIVERS 14 21796 0 N/A N/A TUALATIN ACADEMIC WAIVERS 10 33599 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, I-151S, 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 US 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 JOHN MILLER 167278 0 0 0 0 0 15000 0 24258 0 206536 0 0 0 JAMES SHEEDY 184744 0 0 0 0 0 0 0 21613 0 206357 0 0 0 PHILIP AKERS 185543 0 0 0 6000 0 15000 0 25298 0 231841 0 0 0 JENNIFER SMYTHE 163496 0 0 0 0 0 0 0 27854 0 191350 0 0 0 SUSAN STEIN 161114 0 0 0 0 0 0 0 22380 0 183494 0 0 0 DR LESLEY HALLICK 348438 0 0 0 203120 0 0 0 32397 0 583955 0 0 0 MICHAEL MALLERY 141198 0 0 0 0 0 15000 0 21696 0 177894 0 0 0 KENNETH EAKLAND 141149 0 0 0 0 0 0 0 19368 0 160517 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. Pacific University 930386892 345648CE7 2005-08-01 46625000 Construct New HEALTH Campus true false false Pacific University 930386892 345648CX5 2009-07-23 35305000 Construct New Building false false false 11557498 41889709 2258297 579798 1238701 26247416 2007 false true true true 34735307 2324663 3272095 694706 28443843 2011 false false false true false false true false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true true false false false false true RBC 3.5 true false false true false false false false false false false Sch. 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 organizations activities. X 14 122017 AVG MARKET VALUE 1 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 2010-2011 WILL BE SENT TO EACH MEMBER OF THE BOARD BEFORE FILING. THE BOARD HAS DELEGATED THE AUDIT COMMITTEE TO REVIEW THE FORM 990. THE REVIEW PROCESS WILL TAKE PLACE BEFORE THE FORM 990 IS FILED AND WILL INCLUDE PARTIES FROM THE TAX FIRM, THE CONTROLLER, THE VP FOR FINANCE & ADMINISTRATION, AND THE AUDIT COMMITTEE. AFTER REVIEW, 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. ADDITIONALLY, UPON DISCOVERY OF A POSSIBLE CONFLICT OF INTEREST OR AT ANY OTHER TIME REQUESTED BY THE COMMITTEE OF TRUSTEES, TRUSTEES MAY 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 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 SHOULD BE 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. THE UNIVERSITY RECENTLY ADOPTED A CONSENSUAL RELATIONS POLICY WHICH PROHIBITS EMPLOYEES FROM EXERCISING AUTHORITY OR PROFESSIONAL INFLUENCE OR ACTING IN A SUPERVISORY CAPACITY OVER ANOTHER EMPLOYEE OR STUDENT WITH WHOM ONE HAS A CONSENSUAL INTIMATE, ROMANTIC OR SEXUAL RELATIONSHIP (ACTUAL OR POTENTIAL CONFLICT OF INTEREST). HTTP://WWW.PACIFICU.EDU/HR/POLICIES/INDEX.CFM 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. 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. 2009-2010 FINANCIAL STATEMENTS ARE AVAILABLE AT: HTTP://PACIFICU.EDU/OFFICES/BO/STAFFFACULTY/INDEX.CFM ALL OF THE DOCUMENTS ABOVE ARE ALSO AVAILABLE BY REQUEST. SIGNIFICANT CHANGES TO BYLAWS FORM 990, PART VI, LINE 4 THERE WAS ONE BOARD APPROVED REVISION TO THE BY-LAWS IN FY 10/11. THE REVISIONS TOOK PLACE ON DECEMBER 3, 2010. ARTICLE 2 SECTION 5a THE SENTENCE IS UPDATED TO CLARIFY THE TERMINATION OF FACULTY BOARD MEMBERSHIP WHEN EMPLOYMENT TERMINATES. "FACULTY TRUSTEE MEMBERSHIP- ON THE BOARD OF TRUSTEES SHALL AUTOMATICALLY TERMINATE IN THE EVEN OF TERMINATION OF EMPLOYMENT WITH THE UNIVERSITY. ARTICLE 2 SECTION 5b THIS ITEM WAS CREATED TO CLARIFY THE TERMINATION OF STUDENT TRUSTEES REPRESENTATION ON THE BOARD. STUDENT MEMBERSHIP ORDINARILY TERMINATES UPON TERMINATION OF ENROLLMENT IN THE UNIVERSITY. IF THE STUDENT TRUSTEE IS AWARDED THEIR DEGREE BEFORE THE TWO-YEAR TRUSTEE TERM ENDS, THE BOARD HAS THE AUTHORITY TO EXTEND THE MEMBERSHIP OF THE STUDENT TRUSTEE UNTIL A REPLACEMENT IS FOUND OR THE TWO-YEAR TERM EXPIRES. Reconciliation of Net Assets Part XI Line 5 Net Unrealized Gains 5,530,493 Change in Distribution (930,759) Actuarial Adjustments (587,473) Partnership Income (728,433) Total 3,283,828 WAINWRIGHT 2000 ANNUITY TRUST 5700 NE 82ND AVE APT 48 VANCOUVER WA 98662 931305429 CRAT OR NA TRUST 0 0 0.60000 TIMOTHY SCHAUERMANN & NANCY CROSS CHARIT 20600 NW QUAIL HOLLOW DR PORTLAND OR 97229 826105750 CRUT OR NA TRUST 0 0 1.00000 NIELSEN CHARITABLE TRUST 5500 E PEAKVIEW AVE APT 1208 CENTENNIAL CO 80121 936259612 CRUT OR NA TRUST 0 0 1.00000 MILAN & JEAN STOYANOV CHARITABLE REMAIND 241 NW HILLTOP RD PORTLAND OR 97210 866341685 CRUT OR NA TRUST 0 0 1.00000 BUMP 2000 CHARITABLE TRUST 315 GILBERT STREET MENLO PARK CA 94025 931305430 CRUT OR NA TRUST 0 0 1.00000 KENNETH C MCGILL CHARITABLE REMAINDER UN 2922 N 33RD ST TACOMA WA 98407 926034657 CRUT OR NA TRUST 0 0 1.00000 CM & EH MCGILL 5 PL CRT 2922 N 33RD ST TACOMA WA 98407 931132127 CRUT OR NA TRUST 0 0 1.00000 THE 1997 BUMP ANNUITY TRUST 1421 ROSEARDEN DR FOREST GROVE OR 97116 911852108 CRAT OR NA TRUST 0 0 1.00000 LARRY G WILLIAMS CRT PO BOX 729 GASTON OR 97119 826105812 CRUT OR NA TRUST 0 0 1.00000 MARGARET RUECKER KNISPEL 2000 CHARITABLE 39951 NW VERBOORT RD FOREST GROVE OR 97116 911307768 CRUT OR NA TRUST 0 0 1.00000 MILTON & RUTH JOHNSON CRUT 12204 N 53RD STREET TAMPA FL 33617 510533108 CRUT OR NA TRUST 0 0 1.00000 AE BRIM CHARITABLE REMAINDER UNITRUST FIRST REPUBLIC TRUST CO 111 PINE SAN FRANCISCO CA 94111 574099411 CRUT OR NA TRUST 0 0 0.75000 GEORGE ROSSMAN TRUST US BANK 111 SW 5TH AVE 6TH FLOOR PORTLAND OR 97204 936051550 CHARITABLE TRUST OR NA TRUST 20840 0 1.00000 JUDITH SCOTT WALTER TRUST PO BOX 20160 LONG BEACH CA 908013160 956007893 CHAR. 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