2011-12-07T14:00:28-07:00 2011-06-30 990 2010-07-01 910564993 SAINT MARTINS UNIVERSITY SAIN 3604384534 5000 Abbey Way SE Lacey WA 98503 Susan Heltsley 3604384534 2011-12-07 2010 2016-02-24 21:20:13Z X Roy Heynderickx 5000 Abbey Way SE Lacey WA 98503 52373786 0 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. 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. 26 24 975 27 332030 -14232 4945699 5268414 35329048 39302180 1426924 713935 221179 306179 41922850 45590708 11767215 13530349 0 15278578 16260711 0 531691 13919724 14977110 40965517 44768170 957333 822538 81962868 83461201 50009802 48361468 31953066 35099733 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. 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 10069229 35229023 Higher Education: Instructional programs and related services for on-campus and extension students leading to undergraduate and graduate degrees (1,752 students). 13530349 0 Higher education: Student Financial Aid. 3843784 3760651 Higher education: Auxiliary services including food service, bookstore and student housing. 8742972 0 Higher Education: Student Services for On-Campus and Extension Students leading to undergraduate and graduate degrees. 8742972 0 0 36186334 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 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 0 0 0 0 0 1 77 0 1 975 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X X X Susan Heltsley 3604384534 5000 Abbey Way SE Lacey WA 98503 Abbot Neal G Roth OSB 1 X X 0 0 0 Roy F Heynderickx 40 X X X 282520 0 18316 A Richard Panowicz 1 X 0 0 0 Brian S Charneski 1 X 0 0 0 Fr Bede Classick OSB 1 X X 0 0 0 Fr Alfred J Hulscher OSB 1 X X 0 0 0 Joseph Alongi 1 X 0 0 0 Armandino Batali 1 X 0 0 0 Ken Berchtold 1 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 G Drummond 1 X 0 0 0 Dr Daniel Dugaw 1 X 0 0 0 Chris Fidler 1 X 0 0 0 Mary E Gentry 1 X 0 0 0 Phillip Hall 1 X 0 0 0 Dr Richard Hecker 1 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 OSB 1 X 0 0 0 Terence Monaghan 1 X 0 0 0 Kathleen C O'Grady 1 X 0 0 0 Patrick Rants 1 X 0 0 0 Philip S Weigand 1 X 0 0 0 Cynthia S Worth 1 X 0 0 0 Joseph Bessie 40 X 176440 0 18802 Josephine Yung 40 X 107155 0 12024 Joyce Westgard 40 X 106979 0 12966 Melanie Richardson 40 X 101296 0 4713 Stephen McGlone 40 X 156889 0 682 931279 0 67503 6 1 1 0 BERSCHAUER PHILLIPS CONSTRUCTION CO PO Box 11489 Olympia WA 985081489 Construction 288180 RUFFALOCODY LLC PO Box 3018 Cedar Rapids IA 524063018 Financial Aid Analysis 238966 MCGRANAHAN ARCHITECTS 2111 Pacific Avenue Tacoma WA 98402 Architect 221487 RESTORX OF WASHINGTON 1307 West Valley Hwy N Auburn WA 98001 Construction 157340 MCGLADREY & PULLEN LLP 5155 Paysphere Circle Chicago IL 60674 Auditing 112500 5 0 0 118000 0 2694857 2455557 198233 5268414 Tuition and Fees 611310 34551863 34551863 0 0 Auxiliary Enterprises 722310 4058407 3760651 292264 5492 Misc Campus Revenue 541800 691910 677160 14750 0 0 0 0 0 39302180 856118 0 0 856118 0 0 0 0 0 0 0 0 167889 0 0 0 167889 0 167889 0 25016 142873 6521228 0 6663411 0 -142183 0 -142183 0 0 -142183 257957 118000 119667 138290 0 138290 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 45590708 38989674 332030 1000590 0 0 13530349 13530349 0 0 0 0 344028 0 344028 0 0 0 0 0 13044190 10779802 1911437 352951 826133 682721 121058 22354 960681 643853 291552 25276 1085679 843930 217396 24353 0 0 0 0 108893 4112 104781 0 145285 0 145285 0 0 0 0 0 0 0 67086 0 67086 0 1493393 1362208 119622 11563 72979 53674 19305 0 0 0 0 0 227121 74272 152049 800 0 0 0 0 160304 38259 119321 2724 829992 748317 74474 7201 0 0 0 0 83629 61169 22065 395 1770470 0 1770470 0 0 0 0 0 2679890 1624697 1055193 0 161780 23839 137941 0 Supplies 2190269 1779300 362317 48652 Miscellaneous Other 2012129 1329906 654803 27420 Food Service 1866461 1829532 31302 5627 Utilities 888644 710915 177729 Dues & Subscriptions 218785 65479 150931 2375 44768170 36186334 8050145 531691 0 0 7438601 7480073 1742158 1720889 1503486 1643518 0 0 0 0 0 0 4473 6202 233322 236979 82045703 26373390 57115517 55672313 9503856 12487119 0 0 0 0 0 0 4421455 4214108 81962868 83461201 2749854 2446619 0 0 941536 1148296 34405000 33810000 0 0 0 0 0 0 0 0 11913412 10956553 50009802 48361468 X 21498728 21953199 2503430 4916806 7950908 8229728 31953066 35099733 81962868 83461201 X 822538 2324129 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11402172 299820 1479081 589655 0 0 12591418 9686472 1002330 1013128 299758 0 0 11402172 8579825 1009176 647292 462118 0 87703 9686472 0.14 0.86 0 1 0 0 0 0 64083798 0 15025922 49057876 0 0 0 0 13995895 0 9516246 4479649 3966010 0 1831222 2134788 55672313 Student Loan Receivable - Perkins Loan Program 996240 Bond Reserve 2497985 Bond Issuance Cost 417905 Contracts Receivable 301978 4214108 0 Government Grants Refundable 972178 Annuities Payable 981850 Loan from St Martin's Abbey 647739 Interest Rate Swap 8354786 10956553 45590708 44768170 822538 1157431 0 0 0 1166697 2324128 3146666 33337457 1157431 0 0 -13410682 -12253251 45590708 0 0 0 45590708 31357487 0 0 0 -13410683 -13410683 44768170 0 0 0 44768170 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_P11_S00_L08 Schedule D, Part XI, Line 8 Unrealized gain on interest rate swap $1,166,697 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Display of Scholarships -13,530,349 Special Event Expenses 119,667 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Display of Scholarships -13,530,349 Special Event Expenses 119,667 (rounding error of 1) 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 318882 118000 200882 0 0 0 0 0 76927 Golf Tournament 37975 0 37975 0 4900 11064 0 0 11206 1 19100 0 19100 0 0 0 0 0 15570 375957 118000 257957 0 4900 11064 0 0 103703 119667 138290 1 Student Tuition Allowance 1242 0 13530349 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 X 0 0 0 0 0 0 0 0 0 Roy F Heynderickx 282520 0 0 0 0 0 0 0 18316 0 300836 0 329774 0 Joseph Bessie 176440 0 0 0 0 0 0 0 18802 0 195242 0 130962 Stephen McGlone 156889 0 0 0 0 0 0 0 682 0 157571 0 144914 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 2497985 0 0 1760052 0 0 19130019 12611944 0 2009 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 68060 Fair Market Value X 1 50000 Appraisal X Gala Auction 185 68673 Cost X Other 2 11500 Cost 0 1 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Saint Martin's University is a membership corporation. It has both members and trustees. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Members are derived from a religious association, Saint Martin's Abbey. Seven of the up to thirty-five trustees are members. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b The members have certain reserve powers, including determining the mission of the University, approving budgets after two years of deficits, and final approval of any debt secured by real property. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a A copy of the Form 990 is provided, via e-mail, 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. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The conflict of interest policy is reviewed by the audit committee. Additionally, the organization's trustees review the policy and ensure compliance. 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 president has an employment contract. The Board has to approve the president's salary based on a salary survey done by the HR director. The president is responsible for determining all other employees' salaries through the payroll budgeting process. 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 Form 990 - Part XI Line 5 - Unrealized gains of 1,330,569, a change in the value of split-interest agreement of (173,138) and unrealized gains on interest rate sweep of 1,166,697 are not included in the reported fund balances.