2012-03-15T17:48:42-05:00 2011-05-31 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2010-06-01 930386858 LEWIS & CLARK COLLEGE LEWI 5037687801 0615 SW PALATINE HILL ROAD PORTLAND OR 972197899 CARL B VANCE 5037687801 2012-03-03 1 WENDY CAMPOS 5032421447 2010 2016-02-24 21:20:13Z CARL B VANCE 0615 SW PALATINE HILL ROAD PORTLAND OR 972197899 288151130 0 X WWW.LCLARK.EDU X 1946 OR THE MISSION OF LEWIS & CLARK COLLEGE IS TO KNOW THE TRADITIONS OF THE LIBERAL ARTS, TO TEST THEIR BOUNDARIES THROUGH ONGOING EXPLORATION, AND TO HAND ON TO SUCCESSIVE GENERATIONS THE TOOLS AND DISCOVERIES OF THIS QUEST. BY THESE MEANS THE COLLEGE PURSUES THE AIMS OF ALL LIBERAL LEARNING: TO SEEK KNOWLEDGE FOR ITS OWN SAKE AND TO PREPARE FOR CIVIC LEADERSHIP. 33 32 2794 1562 140212 47450 11700546 8043102 120190605 127459389 24316872 35163185 2125875 2976752 158333898 173642428 28796748 32088723 0 0 63054883 67066295 0 0 3417062 47167136 47700674 139018767 146855692 19315131 26786736 389338525 419036018 139024797 142257430 250313728 276778588 X THE MISSION OF LEWIS & CLARK COLLEGE IS TO KNOW THE TRADITIONS OF THE LIBERAL ARTS, TO TEST THEIR BOUNDARIES THROUGH ONGOING EXPLORATION, AND TO HAND ON TO SUCCESSIVE GENERATIONS THE TOOLS AND DISCOVERIES OF THIS QUEST. BY THESE MEANS THE COLLEGE PURSUES THE AIMS OF ALL LIBERAL LEARNING: TO SEEK KNOWLEDGE FOR ITS OWN SAKE AND TO PREPARE FOR CIVIC LEADERSHIP. 0 0 81049552 32088723 112134145 INSTRUCTION EXPENSES DIRECTLY RELATED TO ACADEMIC DEPARTMENTS INCLUDING PROFESSOR AND SUPPORT STAFF SALARIES AND BENEFITS, VARIOUS SUPPLIES AND EQUIPMENT, AND OTHER COSTS ASSOCIATED WITH PROVIDING INSTRUCTION. 13008758 155706 ACADEMIC SUPPORT EXPENSES RELATED TO (1) RETENTION, PRESERVATION AND DISPLAY OF EDUCATIONAL MATERIALS, (2) THE PROVISION OF SERVICES THAT DIRECTLY ASSIST THE ACADEMIC FUNCTIONS OF THE INSTITUTION, (3) ACADEMIC ADMINISTRATION AND PERSONNEL DEVELOPMENT PROVIDING THE ADMINISTRATIVE SUPPORT FOR COURSE AND CURRICULUM DEVELOPMENT, AND (4) SEPARATELY BUDGETED SUPPORT FOR COURSE AND CURRICULUM DEVELOPMENT. 10924210 2162242 STUDENT SERVICES EXPENSES RELATED TO (1) OFFICE OF ADMISSIONS, OFFICE OF ENROLLMENT AND REGISTRAR, (2) ACTIVITIES THAT CONTRIBUTE TO STUDENTS' EMOTIONAL AND PHYSICAL WELL BEING, (3) STUDENTS' ACTIVITIES, CULTURAL EVENTS, STUDENT NEWSPAPERS, ETC., (4) COUNSELING AND CAREER GUIDANCE, AND (5) STUDENT AND ADMINISTRATION. 17723172 2173542 OTHER EXPENSES RELATED TO (1) SCHOLARLY RESEARCH, (2) CAMPUS EVENTS FOR THE BENEFIT OF THE LOCAL COMMUNITY AND GENERAL PUBLIC, (3) AUXILIARY SERVICES SUCH AS RESIDENCE HALLS, FOOD SERVICE, CAMPUS BOOKSTORE, CONFERENCES AND COMPUTER PURCHASING PROGRAM. 17723172 2173542 122705692 1 1 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 417 0 1 2794 1 1 1 1 UK 0 0 0 1 1 0 0 0 1 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 OR WA X X CARL B VANCE 5037687801 0615 SW PALATINE HILL ROAD PORTLAND OR 972197899 RONALD K RAGEN 2.00 X X 0 0 0 JAMES T RICHARDSON 2.00 X X 0 0 0 MARK TRATOS 2.00 X X 0 0 0 STEPHANIE J FOWLER 2.00 X X 0 0 0 AHMED AL BADI 2.00 X 0 0 0 D MARK DORMAN 2.00 X 0 0 0 STEPHEN H DOVER 2.00 X 0 0 0 GERALD W FISCHER 2.00 X 0 0 0 JAMES L FORMAN 2.00 X 0 0 0 JON V JAQUA 2.00 X 0 0 0 CHRISTOPHER E JAY 2.00 X 0 0 0 ED JENSEN 2.00 X 0 0 0 FREDERICK D JUBITZ 2.00 X 0 0 0 JOUNI J KORHONEN 2.00 X 0 0 0 WESLEY W LAWRENCE 2.00 X 0 0 0 MARILYN LOY 2.00 X 0 0 0 PATRICK MAHAFFY 2.00 X 0 0 0 PATRICK MARKHAM 2.00 X 0 0 0 RANDY MASSENGALE 2.00 X 0 0 0 LIBBY MCCASLIN 2.00 X 0 0 0 AMY L MILLER 2.00 X 0 0 0 M BETH MILLER 2.00 X 0 0 0 JIN PARK 2.00 X 0 0 0 ERIC PARSONS 2.00 X 0 0 0 THOMAS P RASMUSSEN 2.00 X 0 0 0 JOHN S ROGERS 2.00 X 0 0 0 STEPHEN ROTH 2.00 X 0 0 0 MARTHA STEIN-SOCHAS 2.00 X 0 0 0 KENT SWANSON 2.00 X 0 0 0 JAY T WALDRON 2.00 X 0 0 0 M CARR FERGUSON 2.00 X 0 0 0 AMELIA J WILCOX 2.00 X 0 0 0 TOM BITTNER 2.00 X 0 0 0 BARRY GLASSNER 45.00 X X 67841 0 7756 GREGORY A VOLK 45.00 X 279204 0 36922 JANE M ATKINSON 45.00 X X 256160 0 33477 ROBERT H KLONOFF 45.00 X 237024 0 36608 CARL B VANCE 45.00 X 210676 0 32076 JULIO C DE PAULA 45.00 X 199493 0 31238 DAVID G ELLIS 45.00 X 175853 0 28122 EARL S FLETCHER 45.00 X 153774 0 21124 JANE HUNTER 45.00 X 127656 0 26340 GEORGE P BATTISTEL 45.00 X 114002 0 19743 WILLIAM F FUNK 45.00 X 196904 0 29190 EDWARD J BRUNET 45.00 X 196685 0 28948 BRIAN A BLUM 45.00 X 194988 0 26148 JOHN F CALLAHAN 45.00 X 177384 0 24196 MICHAEL C BLUMM 45.00 X 175040 0 27822 2762684 0 409710 77 0 1 0 BON APPETIT 100 HAMILTON AVE SUITE 400 PALO ALTO CA 94301 FOOD SERVICE 4000390 WALSH CONSTRUCTION CO OREGON 2905 SW FIRST AVE PORTLAND OR 97201 CONSTRUCTION CONTRACTING/GENERAL 2121760 SKYLINE BUILDING MAINTENANCE 17446 SW BOONES FERRY RD LAKE OSWEGO OR 97035 JANITORIAL 1573089 KEM'S WOOD WORKS PO BOX 396 CORNELIUS OR 97113 CONSTRUCTION CONTRACTING/GENERAL 1000876 R&H CONSTRUCTION 1530 SW TAYLOR ST PORTLAND OR 97205 CONSTRUCTION CONTRACTING/GENERAL 976870 31 46118 7996984 1462324 8043102 TUITION AND FEES 611600 111135087 111135087 AUXILIARY SERVICES 900099 13479825 13479825 CONTRACTS/EXCHANGE TRA 900099 2844477 2844477 127459389 31244631 23605 31221026 116486 116486 378732 285560 93172 93172 93172 117754508 345500 113876454 305000 3878054 40500 3918554 3918554 46104 46118 41688 4416 4416 OTHER REVENUE 900099 2762678 2646071 116607 2762678 173642428 116625635 140212 48833479 32088723 32088723 2230572 959268 946268 325036 47358821 38972379 6489887 1896555 3547161 2854349 533210 159602 10189837 5573910 4395461 220466 3739904 2929092 652487 158325 117393 2050 115343 137705 137705 760502 760502 10486282 7134399 3191792 160091 6004808 3256147 2459592 289069 2959964 1330017 1629947 3629146 2677997 763903 187246 225148 155991 60097 9060 4659949 3585089 1074860 6502412 4651802 1850610 1996893 1539372 457231 290 OVERSEAS PROJ EXPENSE 4867899 4867899 EQUIPMENT/FINISHING/REF 2505234 2505234 WRITE-OFFS 1800971 161766 1639205 DUES & SUBSCRIPTIONS 430852 198841 220775 11236 TAXES PAID ON UBI 150 150 615366 7261367 -6646087 86 146855692 122705692 20732938 3417062 29537416 11709371 7551810 8015085 472199 331225 8356360 8022227 1630385 2419222 251338425 87912435 160360100 163425990 129059756 170528651 49170499 53744247 3200000 840000 389338525 419036018 13596519 17284331 2768457 1681329 103365000 108107731 19294821 15184039 139024797 142257430 X 79825013 89993437 68704610 83250036 101784105 103535115 250313728 276778588 389338525 419036018 X 26786736 -321876 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39703 2379826 X X X X 0 179309669 1537363 34281838 3949546 6280261 757857 204141206 165600644 1916851 24385644 3676117 8400871 516482 179309669 232119348 2155728 -55785494 4388776 7779709 720453 165600644 0.20000 0.45000 0.35000 0 0 18132444 18132444 178952162 49572955 129379207 12337928 6250282 6087646 37249784 32089198 5160586 4666107 4666107 163425990 ALTERNATIVE INVESTMENTS 50888252 F REAL ESTATE AND OTHER 2855995 F 53744247 SPLIT INTEREST AGREEMENTS 700737 US GOVT GRANTS REFUNDABLE 6378274 INTEREST RATE SWAPS LIABILITY 8105028 15184039 173642428 146855692 26786736 -321876 -321876 26464860 141523397 -32329672 -32329672 173853069 -210641 -210641 173642428 115058537 291568 291568 114766969 32088723 32088723 146855692 PART III, LINE 4: PAINTINGS, SCULPTURES AND OTHER WORKS OF ART FOR PUBLIC EXHIBITION AND CAMPUS BEAUTIFICATION; POETRY, LITERARY COLLECTIONS, PHOTOGRAPHS, MEMORABILIA, NEWSPAPERS, JOURNALS, CORRESPONDENCE AND RESEARCH NOTES HELD FOR HISTORICAL PRESERVATION AND EDUCATIONAL RESEARCH PURPOSES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS AND TUITION ASSISTANCE, AND TO PROVIDE FINANCIAL SUPPORT AND STABILITY FOR INSTITUTIONAL PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED MAY 31, 2011 AND 2010, THE COLLEGE RECOGNIZED NO INTEREST AND PENALTIES. THE COLLEGE FILES AN EXEMPT ORGANIZATION INCOME TAX RETURN AND AN UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND A COPY WITH THE STATE CHARITIES DIVISION AND STATE DEPARTMENT OF REVENUE. WITH FEW EXCEPTIONS, THE COLLEGE IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE/LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -21,014. UNREALIZED LOSS ON INTEREST RATE SWAPS -184,255. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -116,607. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAPS -184,255. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -56,694. SCHOLARSHIPS & FELLOWSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -32,088,723. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE ON TAX RETURN -285,560. FUNDRAISING EVENT EXPENSES NETTED WITH REVENUE ON TAX RETURN -41,688. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS 116,607. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE ON TAX RETURN 285,560. FUNDRAISING EVENT EXPENSES NETTED WITH REVENUE ON TAX RETURN 41,688. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -35,680. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & FELLOWSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 32,088,723. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 LEWIS & CLARK COLLEGE INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY TOWARDS STUDENTS IN ALL DOCUMENTED AND CIRCULATED SOLICITATIONS FOR REGISTRATION. IN ADDITION, DUE TO THE SIZE OF THE SCHOOL, ITS GEOGRAPHIC ALLOCATION, 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 ALL FEDERAL GRANT OPERATIONS OF LEWIS & CLARK COLLEGE ARE INCLUDED IN AN AUDIT OF FEDERAL AWARDS PERFORMED IN ACCORDANCE WITH U.S. OFFICE OF MANAGEMENT AND BUDGET CIRCULAR A-133, COMPLIANCE SUPPLEMENT FOR AUDITS OF HIGHER LEARNING, AND OTHER NON-PROFIT INSTITUTIONS, INCLUDING TITLE IV PROGRAMS, U.S. DEPARTMENT OF EDUCATION, NATIONAL SCIENCE FOUNDATION, AND NATIONAL INSTITUTE OF HEALTH. CENTRAL AMERICA 0 1 PROGRAM SERVICESPROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 173513 EAST ASIA 0 9 PROGRAM SERVICESPROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 858489 EUROPE 0 6 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 1834911 RUSSIA 0 2 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 75419 SOUTH AMERICA 0 4 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 439985 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICESPROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 468361 MIDDLE EAST 0 1 PROGRAM SERVICES STUDY ABROAD PROGRAMS FOR UNDERGRADUATE STUDENTS 305984 25 0 25 4156662 0 4156662 1 0 0 1 1 0 OTHER INFORMATION SCHEDULE F, PART V SCHEDULE F PART IV, FOREIGN FORMS: SOME QUESTIONS REGARDING OWNERSHIP IN OR TRANSFERS TO FOREIGN ENTITIES HAVE BEEN ANSWERED YES DUE TO THE COLLEGE'S INDIRECT OWNERSHIP OF FOREIGN ENTITIES THROUGH VARIOUS ALTERNATIVE INVESTMENTS. THE COLLEGE HAS NO DIRECT INTEREST IN ANY FOREIGN ENTITY, AND NONE OF THE FORMS REFERENCED IN PART IV WERE REQUIRED TO BE FILED BY THE COLLEGE. GOLF TOURNAMENT 49068 33757 15311 22773 3733 PILP AUCTION 43154 12361 30793 15182 92222 46118 46104 22773 18915 41688 4416 1 GRANTS, FELLOWSHIPS, ENDOWED SCHOLARSHIPS, AND DEAN'S SCHOLARSHIPS FOR UNDERGRADUATE STUDENTS. 2553 26821720 0 GRANTS, FELLOWSHIPS, ENDOWED SCHOLARSHIPS, AND DEAN'S SCHOLARSHIPS FOR LAW SCHOOL STUDENTS. 1002 4949485 0 ENDOWED SCHOLARSHIPS FOR GRADUATE STUDENTS. 161 317518 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ASSISTANCE IS GIVEN ONLY IN THE FORM OF CREDITS TOWARD THE COST OF TUITION, AND A RECORD OF THE ASSISTANCE PROVIDED IS RECORDED IN SEPARATE ACCOUNTS MAINTAINED FOR EACH STUDENT/RECIPIENT. X X 0 1 X X X X X X 0 0 0 0 0 0 0 0 0 GREGORY A VOLK 272004 0 0 0 7200 0 24500 0 12422 0 316126 0 0 0 JANE M ATKINSON 256160 0 0 0 0 0 21992 0 11485 0 289637 0 0 0 ROBERT H KLONOFF 237024 0 0 0 0 0 24500 0 12108 0 273632 0 0 0 CARL B VANCE 210676 0 0 0 0 0 20453 0 11623 0 242752 0 0 0 JULIO C DE PAULA 199493 0 0 0 0 0 19545 0 11693 0 230731 0 0 0 DAVID G ELLIS 175853 0 0 0 0 0 16271 0 11851 0 203975 0 0 0 EARL S FLETCHER 153774 0 0 0 0 0 14677 0 6447 0 174898 0 0 0 JANE HUNTER 127656 0 0 0 0 0 12657 0 13683 0 153996 0 0 0 WILLIAM F FUNK 196904 0 0 0 0 0 18179 0 11011 0 226094 0 0 0 EDWARD J BRUNET 196685 0 0 0 0 0 17720 0 11228 0 225633 0 0 0 BRIAN A BLUM 194988 0 0 0 0 0 18414 0 7734 0 221136 0 0 0 JOHN F CALLAHAN 177384 0 0 0 0 0 16565 0 7631 0 201580 0 0 0 MICHAEL C BLUMM 175040 0 0 0 0 0 14478 0 13344 0 202862 0 0 0 PART I, LINE 1A EXPENSES REIMBURSED TO COLLEGE PRESIDENT BARRY GLASSNER FOR HIS SPOUSE BETSY AMSTER TRAVELING AS A COMPANION, IN PART FOR BONA FIDE BUSINESS PURPOSE. REIMBURSEMENTS NOT RELATED TO BONA FIDE BUSINESS PURPOSE ARE TREATED AS TAXABLE COMPENSATION. A NON-TAXABLE HOUSING BENEFIT WAS PROVIDED TO COLLEGE PRESIDENT BARRY GLASSNER. PART I, LINE 1B THE BOARD OF TRUSTEES HAS ADOPTED AN EXECUTIVE COMPENSATION PHILOSOPHY WHEREBY THE COMPENSATION COMMITTEE REVIEWS ALL EXECUTIVE COMPENSATION PROPOSALS, INCLUDING ANY HOUSING ALLOWANCES, IN ADVANCE OF THEIR IMPLEMENTATION. STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JNN7 2011-03-01 108610000 REFUNDING OUTSTANDING BONDS, FINANCE CONSTRUCTION COSTS OF RESIDENCE HALL 0 0 0 95450000 108104970 1150875 585058 10919037 1 0 1 1 0 0 1 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 X 3 41733 PROFESSIONAL APPRAISAL X 6970 COST OF DONATED ITEMS X 8160 COST OF DONATED ITEMS X 1 4645 COMPARABLE SALES X 36 1395359 SELLING PRICE X MISC SUPPLIES FOR MEETINGS 5 899 COST OF DONATED ITEMS X MISC SUPPLIES FOR EVENTS 3 4558 COMPARABLE SALES 2 0 1 1 THIRD PARTY USE: PART I, LINE 32B: LEWIS & CLARK COLLEGE USES AN INDEPENDENT STOCK BROKER TO SELL DONATED SECURITIES. SALES OF OTHER NON-CASH CONTRIBUTIONS HAPPEN VERY INFREQUENTLY, BUT TYPICALLY AN INDEPENDENT AUCTIONEER OR OTHER EXPERT IS HIRED TO ASSIST IN THE SALE OF ITEMS WHICH ARE OF SIGNIFICANT VALUE. FORM 990, PART VI, SECTION B, LINE 11 1. SUBJECT TO POSSIBLE DELAYS DUE TO THE RECEIPT OF K-1'S, THE AUDIT COMMITTEE WILL MEET EACH YEAR PRIOR TO THE FEBRUARY MEETING OF THE BOARD OF TRUSTEES TO REVIEW THE FORM 990. 2. TWO WEEKS PRIOR TO THIS AUDIT COMMITTEE MEETING THE BUSINESS OFFICE WILL FORWARD THE ELECTRONIC PUBLIC VERSION OF THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW. 3. AT THE AUDIT COMMITTEE MEETING THE COMMITTEE WILL RECEIVE A NUMBERED PRINTED COPY OF THE SCHEDULE B DONORS, WHICH WILL SHOW ON THE FILED VERSION OF THE FORM 990. THE COMMITTEE WILL REVIEW THE COMPLETE FORM 990 AND HAVE THE ABILITY TO ASK QUESTIONS OF THE ADMINISTRATION AND THE COLLEGE'S AUDITORS. 4. THE NUMBERED PRINTED COPY OF THE LIST OF THE SCHEDULE B DONORS WILL BE COLLECTED AT THE END OF THE AUDIT COMMITTEE MEETING. 5. FOLLOWING THE AUDIT COMMITTEE MEETING AND PRIOR TO THE FEBRUARY MEETING OF THE BOARD OF TRUSTEES THE ELECTRONIC VERSION OF THE PUBLIC FORM 990 WILL BE SENT TO EACH TRUSTEE. TRUSTEES WILL HAVE THE ABILITY TO ASK QUESTIONS REGARDING THE FORM 990 BY EMAIL OR AT THE FINANCE COMMITTEE MEETING DURING THE FEBRUARY BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. IF CONFLICTS ARE DISCLOSED THE CONFLICT MUST BE DISCLOSED TO THE FULL BOARD, AND ANY TRUSTEE WITH A CONFLICT MUST BE PRECLUDED FROM TAKING ACTION ON ITEMS OF BUSINESS FOR WHICH THEY MAY HAVE A CONFLICT. STATEMENTS ARE COLLECTED BY THE SECRETARY TO THE BOARD ANNUALLY. ANNUALLY EACH OFFICER OF THE COLLEGE IS REQUIRED TO REVIEW THE COLLEGE'S CODE OF ETHICS, WHICH INCLUDES OUR CONFLICT OF INTEREST POLICY, AND ACKNOWLEDGE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS A COMPENSATION COMMITTEE WHICH REVIEWS THE COMPENSATION OF THE PRESIDENT AND SENIOR EXECUTIVES. IN JULY 2009 THE COMMITTEE ENGAGED SIBSON CONSULTING TO CONDUCT A PRESIDENTIAL COMPETITIVE ASSESSMENT UPDATE. AFTER REVIEWING THE COMPARISON COMPENSATION FOR 15 PEER INSTITUTIONS PLUS FOUR NATIONAL SURVEYS, THE COMMITTEE DETERMINED A SALARY FOR THE INTERIM PRESIDENT AND FOR THE NEXT INCOMING PRESIDENT. IN NOVEMBER 2009 THE COMPENSATION COMMITTEE REVIEWED THE SALARY HISTORY FOR EXECUTIVE OFFICERS. BASED UPON THE ECONOMIC ENVIRONMENT, NO RAISES WERE PROVIDED FOR EXECUTIVE OFFICERS IN THE CALENDAR YEAR 2010. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. IN LIEU OF FORM 1023, A LETTER FROM THE IRS DATED 6/3/2002 ACKNOWLEDGING THE ORGANIZATION'S TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE IS MADE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS (CORPORATE BY-LAWS) AND THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -21,014. UNREALIZED LOSS ON INTEREST RATE SWAPS -184,255. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -116,607. TOTAL TO FORM 990, PART XI, LINE 5: -321,876. L & C - JL MCINTYRE CRAT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 930883258 CHARITABLE REMAINDER TRUST OR N/A T 87606 1.00000 L & C - MARLEEN BLDG CRAT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936283204 CHARITABLE REMAINDER TRUST OR N/A T 940487 1.00000 L & C - H MAGUIRE CRAT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 916570592 CHARITABLE REMAINDER TRUST OR N/A T 112875 1.00000 L & C - RM RUBIN CRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 931274341 CHARITABLE REMAINDER TRUST OR N/A T 79794 1.00000 L & C - AD KING CRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936294933 CHARITABLE REMAINDER TRUST OR N/A T 63291 1.00000 L & C - R & A MYERS CRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 726220929 CHARITABLE REMAINDER TRUST OR N/A T 116957 1.00000 L & C - RM HOLMAN NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936266218 CHARITABLE REMAINDER TRUST OR N/A T 166671 1.00000 L & C - RM HOLMAN NIMCRUT #II 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 911857209 CHARITABLE REMAINDER TRUST OR N/A T 314983 1.00000 L & C - AB DORMAN NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936132119 CHARITABLE REMAINDER TRUST OR N/A T 333726 1.00000 L & C - HE WALKER #2 NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936264730 CHARITABLE REMAINDER TRUST OR N/A T 1093919 1.00000 L & C - HE WALKER #3 NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 943248079 CHARITABLE REMAINDER TRUST OR N/A T 879811 1.00000 L & C - HE WALKER #1 NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936162901 CHARITABLE REMAINDER TRUST OR N/A T 77041 1.00000 L & C - HC & V NELSON NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936137002 CHARITABLE REMAINDER TRUST OR N/A T 131849 1.00000 L & C - RW RICHMOND NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936127127 CHARITABLE REMAINDER TRUST OR N/A T 13063 1.00000 L & C - G & E BEARD NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936229781 CHARITABLE REMAINDER TRUST OR N/A T 242860 0.66660 L & C - CE MCCARTY NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936229782 CHARITABLE REMAINDER TRUST OR N/A T 55008 1.00000 L & C - MA JUBITZ NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936254605 CHARITABLE REMAINDER TRUST OR N/A T 81514 1.00000 L & C - JUBITZ FAMILY NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 936274605 CHARITABLE REMAINDER TRUST OR N/A T 183914 1.00000 L & C - R & S SCHAAD NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 206756092 CHARITABLE REMAINDER TRUST OR N/A T 762188 1.00000 L & C - S CROW NIMCRUT 0615 SW PALATINE HILL ROAD PORTLAND OR 97219 206384849 CHARITABLE REMAINDER TRUST OR N/A T 218438 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0