2011-05-11T12:26:38-07:00 2010-06-30 990 2009-07-01 910564961 THE UNIVERSITY OF PUGET SOUND UNIV 2538796110 1500 N Warner St CMB 1075 Tacoma WA 984161075 Sherry B Mondou 2538793204 2011-05-11 2009 2016-02-24 21:20:13Z Ronald R Thomas same as C above Tacoma WA 98416 205287179 0 X www.pugetsound.edu X 1888 WA Education 33 30 2892 595 -477386 -487586 13310062 15154187 114136822 121391487 6781935 3715469 -7806103 -361605 126422716 139899538 31507871 36260064 0 0 61685834 62081086 0 0 2898754 40300492 40558589 133494197 138899739 -7071481 999799 446759237 474197981 111588852 111727179 335170385 362470802 Education 0 0 126166701 36260064 120914101 The only national independent undergraduate liberal arts college in Western Washington, Puget Sound serves 2,600 students from 48 states and 20 countries, who choose from 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. A rigorous residential college, Puget Sound provides 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 its alumni. 0 0 0 126166701 1 1 0 1 0 0 1 1 1 1 0 1 1 1 1 1 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 0 0 1 3854 0 2892 1 1 1 1 FR 0 0 0 0 0 0 0 33 30 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA MD ME MI NH OR WA X Janet S Hallman 2538798620 Associate VP/Controller 1500 N Warner St CMB 1075 Tacoma WA 984161075 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 Marvin H Caruthers P'02 2.3 X 0 0 0 Bradbury F Cheney '82 2.3 X 0 0 0 Michael J Corliss '82 P'13 2.3 X 0 0 0 Lowell Daun '68 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 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 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 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 Peter K Wallerich P'77 2.3 X 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 385471 0 146007 Kristine M Bartanen 40 X 196791 0 33013 David R Beers 40 X 208711 0 78952 Mary Elizabeth Collins 40 X 85898 0 16072 Katherine W Davis 40 X 104233 0 17307 Janet S Hallman 40 X 105463 0 17944 George H Mills Jr 40 X 171780 0 25274 Sherry B Mondou 40 X 220560 0 45032 J Michael Segawa 40 X 132650 0 20578 David N Balaam 40 X 267584 0 6964 Kenneth W Rousslang 40 X 195865 0 33012 Christine Kline 40 X 149850 0 13905 John M Hickey 40 X 145621 0 19151 Carl DeCree 40 X 134625 0 8082 2505102 0 481293 47 0 1 0 Sierra Construction Co 1990 144th Ave NE Woodinville WA 98072 Const supplies & services 4812012 Bohlin Cywinski Jackson 1932 1st Ave Ste 916 Seattle WA 98101 Architectural services 1499307 Colorgraphics PO Box 31001-1283 Pasadena CA 91110 Printing supplies & serv 347377 DLR Group Inc 901 5th Ave Ste 700 Seattle WA 98164 Project design services 342321 Long Painting Company 21414 68th Ave S Kent WA 98032 Painting supplies & serv 316210 66 0 0 10680 0 2070445 13073062 543049 15154187 Education 611310 121391487 121391487 0 0 0 0 0 0 121391487 2480767 0 0 2480767 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 66548135 59644 65313284 59793 1234851 -149 1234702 0 0 1234702 6009 9088 10817 -4808 0 0 -4808 2072 3747 -1675 0 0 -1675 0 0 0 0 0 0 Loss other endow invstmnt 900099 -477386 0 -477386 0 Gain on insurance recovery 611310 278190 0 0 278190 Loss other investment 611310 -155926 0 0 -155926 0 0 0 0 -355122 139899538 121391487 -477386 3831250 35875439 35875439 384625 384625 2054083 543899 1156289 353895 79722 55110 24612 45717348 37944928 6392811 1379609 4818189 3998807 702815 116567 6175938 4874475 1101575 199888 3235806 2519464 599186 117156 71602 71602 130947 130947 3416 3416 2135780 2135780 3712005 2701281 965988 44736 1868681 1301470 394572 172639 3253535 2637941 480451 135143 1284233 1086249 163855 34129 23267 21073 2194 4192853 1699569 2492440 844 1893042 1634324 161855 96863 266578 218157 40949 7472 2744973 2633891 74476 36606 10327671 8918072 1294774 114825 671416 15692 655724 Allocation of plant O & M 0 9475127 -9561285 86158 Goods purchased for resale 4809584 4809584 0 0 Study abroad program expense 2687029 2687029 0 0 Membership dues 260239 105094 153025 2120 221738 25401 196233 104 138899739 126166701 9834284 2898754 X 0 0 0 0 5422498 12081526 37658178 39409033 17755662 14744525 4931304 1358488 16417193 16506334 684977 757097 3019374 3551369 224018474 70747242 153014408 153271232 110958946 124146337 90371921 98682087 384528 595428 6140248 9094525 446759237 474197981 13321357 16318964 21442 1946644 2542742 65154144 63694205 61523 131189 31105184 29018637 111588852 111727179 X 182896983 192467604 58318462 71241008 93954940 98762190 335170385 362470802 446759237 474197981 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3416 3416 138896323 138899739 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 228 235 242 3416 4121 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 $78,193 in membership dues to organizations that may have preformed 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 534837 0 0 X X X X X Teaching material and curricula to K-12 0 0 1 195505393 7418474 28616915 5580841 5853911 2415363 217690667 244480093 6736634 -42356476 4945674 6005976 2403208 195505393 0.377 0.621 0.002 1 0 133500 10464139 10597639 1050000 176637698 60426007 117261691 0 0 0 0 0 17408716 7781765 9626951 0 18324421 2539470 15784951 153271232 Endowment hedge funds 46827178 F Endowment private equity 17550219 F Endowment private real estate LPs & REITS 13442913 F Endowment natural resources LPs 11485553 F Endowment trusts with external trustees 1675298 F Investment in subsidiary 7700926 F 98682087 Assets restricted for investment in campus facilities 7468591 Beneficial interest in outside trusts 1625934 9094525 0 Government advances for student loans 13514845 Unrealized loss on interest rate swaps 10960554 Liabilities under split-interest agreements 2784880 Asset retirement obligation 1570785 Capital lease obligations 187573 29018637 139899538 138899739 999799 24413388 0 0 0 3365123 27778511 28778310 131169069 24413388 0 0 -30743058 -6329670 137498739 2132054 268745 2400799 139899538 102390759 0 0 0 1433622 1433622 100957137 2132054 35810548 37942602 138899739 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 throughtout the south Puget Sound area. Planned improvements to the museum will further strengthen the museum's role as a resource for community groups, to provide eductational programming, offer museum-based excursions, and support research initiatives. 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_L00 Schedule D, Part X The university had no unrecognized tax benefits that would have required an adjustment to its net assets, and no unrecognized tax benefits, at July 1, 2009, or at June 30, 2010. 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 ($1,419,058),investment gain from subsidiary $1,478,893, and gain on revaluation of asset retirement obligations $3,305,288 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Investment gain from subsidiary $1,762,202, student financial aid ($35,810,548), and gain on revaluation of asset retirement obligation $3,305,288 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Investment loss of subsidiary $283,309 and fundraising and gaming expenses ($14,564) SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Actuarial adjustments and other changes $1,419,058 and fundraising and gaming expenses $14,564 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Student financial aid $35,810,548 1 1 1 The university publishes its nondiscriminatory policy toward students annually in a newspaper under guidelines set forth in Rev. Proc 75-50, 1975-2 C.B. 587 Section 4.03. The university also includes this nondiscriminatory statement in publications dealing with student admissions, programs, and scholarships. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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, Dapratment 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 1 Central America and the Caribbean 0 0 Grantmaking 35775 East Asia and the Pacific 0 0 Grantmaking 58272 Europe (including Iceland and Greenland) 0 0 Grantmaking 162711 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 20100 Sub-Saharan Africa 0 0 Grantmaking 26965 South America 0 0 Grantmaking 6000 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 74802 Europe (including Iceland and Greenland) 1 1 Program Services Study Abroad Program 169474 South America 0 0 Program Services Study Tour 20378 East Asia and the Pacific 0 0 Program Services Study Tour 18951 East Asia and the Pacific 0 0 Program Services Faculty travel to conferences and professional meetings 33094 Europe (including Iceland and Greenland) 0 0 Program Services Faculty travel to conferences and professional meetings 24309 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Faculty travel to conferences and professional meetings 12961 South America 0 0 Program Services Faculty travel to conferences and professional meetings 1528 Central America and the Caribbean 0 0 Investments 1 1 665320 North America (including Canada and Mexico, but not the United States) Research 74802 Check 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 4 35775 Aid posted to student account held at the university Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term East Asia and the Pacific 6 40455 Aid posted to student account held at the university Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term Europe (including Iceland and Greenland) 21 162711 Aid posted to student account held at the university Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term North America (including Canada and Mexico, but not the United States) 3 20100 Aid posted to student account held at the university Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term Sub-Saharan Africa 2 26965 Aid posted to student account held at the university Financial aid grants posted to each student's Puget Sound account when students were studying abroad that term South America 2 6000 Aid posted to student account held at the university Fellowship grant posted to student's Puget Sound account when student was studying abroad that term East Asia and the Pacific 1 17817 Wire Transfer 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 attendance, whichever is less. Institutional policy prohibits institutional aid from exceeding the total 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 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 are therefore not included in column (f). 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 6234 4338 1896 0 2075 0 956 0 862 Golf Tournament 7698 4750 2948 0 0 4260 1345 0 1093 0 13932 9088 4844 0 2075 4260 2301 0 1955 10591 -5747 1 Student Financial Aid Grants 2607 35555072 Student Research Grants 154 223930 Faculty Research Grants 24 26090 Other Student Grants and Allocations 260 78897 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Student Financial Aid Grants - All students seeking need based financial asistance 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 attendance, whichever is less. University policy prohibits institutional aid from exceeding the total cost of tuition, regardless of the level of need. Aid awards are posted to student accounts as an offset to semester charges. University policy prohibits the release or refund of aid to students unless total charges for the semester have been paid. Research Grants - Research grants awarded to students and faculty are made 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 drawn 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 - This includes awards, prizes, and other payments to students in recognition of academic achievements. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Kristine M Bartanen 194937 0 0 0 1855 0 28173 0 5578 0 230543 0 0 0 David R Beers 207211 0 0 0 1500 0 39777 0 39948 0 288436 0 0 0 George H Mills Jr 170280 0 0 0 1500 0 20434 0 5495 0 197709 0 0 0 Sherry B Mondou 219060 0 0 0 1500 0 40192 0 5654 0 266406 0 0 0 J Michael Segawa 131150 0 0 0 1500 0 15738 0 5386 0 153774 0 0 0 Ronald R Thomas 382486 0 0 0 2985 0 141167 0 16428 0 543066 0 0 0 David N Balaam 46281 0 0 0 221303 0 6214 0 933 0 274731 0 0 0 Kenneth W Rousslang 0 0 0 0 195865 0 0 0 33012 0 228877 0 0 0 Christine Kline 78801 0 0 0 71049 0 9569 0 4536 0 163955 0 0 0 John M Hickey 144170 0 0 0 1451 0 17226 0 2398 0 165245 0 0 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. Housing allowance or residence for personal use: The president is required to live on campus in the university-owned president's residence where he regularly holds university events. Because the president accepts this requirement as a condition of employment, the residence is on university premises, and it is provided for the convenience of the university, under IRS rules it is not taxable to the president. As required by IRS Form 990 instructions, the value of the portion of the residence used by the president for living quarters has been estimated and is included in the amounts reported in Form 990, Part VII, Column F; and in Form 990, Schedule J, Part II, Column D. The university owns several houses on campus that are used for qualified campus lodging. Faculty and staff members who rent these houses typically pay adequate rent as defined in IRS Publication 525. Occasionally, faculty or staff pay rent amounts that are below adequate rent and the difference is included in their taxable compensation as reported on their IRS Form W-2. Carl Decree's compensation amount reported on Form 990, Part VII, Column D includes such an amount. No person reported in Form 990, Part VII receives a housing allowance. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 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 ($111,767), Sherry B Mondou ($12,952), David R Beers ($14,318), Kristine M Bartanen ($4,200). Persons who received payment from a supplemental nonqualified retirement plan: David N Balaam ($221,303), Kenneth W Rousslang ($200,430), Christine Kline ($73,311) Washington Higher Education Facilities Authority (WHEFA) 911306482 939781WU0 2006-06-30 30000000 Finance the contruction and renovation of campus facilities 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 2008 0 0 1 1 0 0 0 0 0 0 0 2001 0 1 1 1 0 0 0 1 1 0.00 0 0.00 1 0 1 1 Bank of NY Mellon 30.3 1 Trinity Plus Funding Company LLC 2.1 1 0 1 0 1 1 Bank of NY Mellon 22.5 0 0 0 Student financial assistance Student financial assistance $3,000 Merit scholarship Student financial assistance Student financial assistance $4,500 Research grants Student financial assistance Student financial assistance $1,000 Travel grants Nancy Beers Family member of nontrustee officer employed by the university as Admission Receptionist 36265 Compensation 0 Mary Thomas Family member of officer employed by the university as Special Associate to the Chair of the Board 24612 Compensation 0 X 2 71200 Estimated FMV X 1049 Estimated FMV X 43 411803 Market value X Equip & supplies 20 50928 Estimated FMV X Gift certificates 79 7770 Value of certificates X Event tickets 2 300 Value of tickets 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 secruities, 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 third parties, such as brokers, auctioneers, or dealers, to assist in cost-effective liquidation of gifts of securites 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.Michael J Corliss, Board member and Robert C Pohlad, Board Member, business relationships 5.Carl G Behnke, Board member and George E Matelich, Board Member, business relationships F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 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 990 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. The Form 990 and required schedules, along with interpretive commentary prepared by non-trustee financial officers, 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 2009-2010 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 significantly exceed 40. Column (D) Reportable compensation from the organization: Compensation reported for David N Balaam includes early retirement benefits. Compensation reported for Kenneth W Rousslang includes early retirement benefits. Compensation reported for Christine Kline includes early retirement benefits. Compensation reported for Carl DeCree includes transition compensation. Column (F) Estimated amount of other compensation from the organization: Benefits reported for David R Beers include dependent tuition benefits. Benefits reported for Kenneth W Rousslang include dependent tuition benefits and post-retirement medical benefits. Benefits reported for Christine Kline include post-retirement medical benefits. Rainier Heights Holdings LLC 600 University Street Suite 600 Seattle WA 98101 Accept, manage and liquidate real estate WA 0 381452 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 CVI GVF Holdings 13 Ltd PO Box 309GT Ugland House S Church St Georgetown CJ KY1-1104 Hold endow invest CJ N/A C 1762202 8210623 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CVI GVF Holdings 13 Ltd b 1524950