2014-05-14T20:14:41-07:00 2013-06-30 911194016 Clark Nuber PS 10900 NE 4th Street Suite 1700 Bellevue WA 98004 990 2012-07-01 910565006 SEATTLE UNIVERSITY SEAT 2062966150 901 12th Avenue Seattle WA 981221090 Constance Kanter 2062966148 2014-05-13 1 Sara Elizabeth Hyre P00235495 4254544919 2014-05-13 2012 2015-11-30 17:44:51Z Stephen V Sundborg SJ President 901 12th Avenue Seattle WA 981221090 302067735 0 X www.seattleu.edu X 1891 WA Seattle University, an institution of higher education, is dedicated to educating the whole person, to professional formation, and to empowering leaders for a just and humane world. In the academic year 2012-13, the University enrolled students and awarded undergraduate, graduate, doctoral, and professional degrees. 31 30 4248 121 440160 0 18368355 16427929 238203677 249413609 8192839 11421877 554030 214348 265318901 277477763 59045818 61315231 0 0 124106565 131520221 40132 40375 3600117 71204112 83227595 254396627 276103422 10922274 1374341 591361365 604699151 191892041 188474525 399469324 416224626 Seattle University is dedicated to educating the whole person, to professional formation, and to empowering leaders for a just and humane world. 0 0 215298461 61315231 234062705 Seattle University, founded in 1891, is a Jesuit Catholic university and law school located on 50 acres in Seattle's Capitol Hill neighborhood. More than 7,500 students are enrolled in undergraduate and graduate programs within eight schools and colleges. The university ranks number 6 among 121 regional universities in the West that provide a full range of undergraduate and master's degree programs, according to U.S. News and World Report: Best Colleges 2014. U.S. News also highlights schools with outstanding examples of programs that education experts, including staff members of the Association of American Colleges and Universities, agree are key. Seattle University ranks as a national leader for service learning, required (or for-credit) volunteer work in the community. Seattle University continues to rank among the top undergraduate and master's degree engineering programs in the United States. In the academic year 2012-13, the University enrolled 7,546 students and awarded 1,150 undergraduate degrees, 448 graduate degrees, and 12 doctoral degrees. Seattle University School of Law is the most diverse law school in the Northwest, dedicated to the twin priorities of academic excellence and education for justice. The School of Law is home to leading academic programs, including the country's top-ranked Legal Writing Program, the Ronald A. Peterson Law Clinic, and distinguished centers and institutes. These programs and a superb faculty support the law school's mission to educate outstanding lawyers to be leaders for a just and humane world. The School of Law has the number one legal writing program nationwide and is number 20 in the nation among part- time programs and number 17 among clinical programs. In the academic year 2012-13, the School of Law enrolled 1,005 students and awarded 310 professional degrees. The School of Law accounted for $24,956,186 in program service expenses (including grants of $5,638,863) and $36,961,658 in revenue. 12138040 0 15350904 Auxiliary enterprise services contribute importantly to the overall education of students, including providing student access to textbooks, classroom materials, and supplies, as well as on-campus housing for approximately 1,830 students. 0 0 0 227436501 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 1 0 0 0 1 440 0 1 4248 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 30 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X Andrew O'Boyle 2062966150 901 12th Avenue Seattle WA 981221090 X Mohamed Alabbar 0.5 0 X 0 0 0 Michael Bayard SJ 37.5 0 X 77265 0 0 Rodney Bench 0.5 0 X 0 0 0 Robert Blais 0.5 0 X 0 0 0 Mark Bosco SJ 0.5 0 X 30000 0 0 David Burcham 0.5 0 X 0 0 0 Peter W Chiarelli 0.5 0 X 0 0 0 Marta Dalla Gasperina 0.5 0 X 0 0 0 Thomas A Ellison 0.5 0 X 0 0 0 Allan C Golston 0.5 0 X 0 0 0 Donald J Horowitz 0.5 0 X 0 0 0 Patrick J Howell SJ 37.5 0 X 46024 0 0 W Craig Jelinek 0.5 0 X 0 0 0 Patrick M Kelly SJ 37.5 0 X 55831 0 0 Maureen Lee 0.5 0 X 0 0 0 Michael C McCarthy SJ 0.5 0 X 0 0 0 Gordon A McHenry 0.5 0 X 0 0 0 Carol K Nelson 0.5 0 X 0 0 0 William Owens 0.5 0 X 0 0 0 Nicole W Piasecki 0.5 0 X 0 0 0 Robert A Ratliffe 0.5 0 X 0 0 0 Rick C Redman 0.5 0 X 0 0 0 Stuart T Rolfe 0.5 0 X 0 0 0 Pete J Rose 0.5 0 X 0 0 0 David Sabey 0.5 0 X 0 0 0 Mick J Schreck 0.5 0 X 0 0 0 Stephen V Sundborg SJ 37.5 0 X X 319500 0 0 Stevens U Trainer 0.5 0 X 0 0 0 John Vassall II 0.5 0 X 0 0 0 Jill A Wakefield 0.5 0 X 0 0 0 Eric Watson SJ 0.5 0 X 0 0 0 Betty Woods 0.5 0 X 0 0 0 Jeffrey Wright 0.5 0 X 0 0 0 Isiaah Crawford 37.5 0 X 276228 0 84875 Marilyn Ann Crone 37.5 0 X 198558 0 48676 Jacob L Diaz 37.5 0 X 149565 0 45661 Robert J Dullea 37.5 0 X 168636 0 56019 Marilyn Gist 37.5 0 X 232640 0 48807 Peter B Ely SJ 37.5 0 X 133068 0 0 Gerald V Huffman 37.5 0 X 155455 0 39248 Constance R Kanter 37.5 0 X 143078 0 7896 Timothy P Leary 37.5 0 X 211706 0 85461 Scott McClellan 37.5 0 X 60102 0 11712 Mary Kay McFadden 37.5 0 X 219321 0 50886 Mary S Petersen 37.5 0 X 199202 0 77337 Azita Emami 37.5 0 X 206449 0 50496 Mark Markuly 37.5 0 X 131122 0 33851 Mark Niles 37.5 0 X 304938 0 63966 Joseph M Jr Phillips 37.5 0 X 216213 0 85420 David V Powers 37.5 0 X 179033 0 51607 Michael J Quinn 37.5 0 X 175922 0 76494 Sue Schmitt 37.5 0 X 139528 0 30079 Robert S Chang 37.5 0 X 240113 0 63799 Cameron Dollar 37.5 0 X 270294 0 113967 Tayyab Mahmud 37.5 0 X 216054 0 50650 Charles OKelley 37.5 0 X 289518 0 57483 David Michael Skover 37.5 0 X 216658 0 50856 5262021 0 1285246 183 0 1 0 MA Mortenson Company PO Box 1867 Bellevue WA 98009 Construction 4399514 Ellucian Company LP 62590 Collections Center Dr Chicago IL 60693 Information technology services 4060976 Witt Fiala Flannery and Assoc PO Box 958204 St Louis MO 63195 Janitorial services 2139709 Arthur J Gallagher Risk Management Services Inc PO Box 742205 Los Angeles CA 90074 Risk managmeneet 1576382 Cambridge Associates LLC 100 Summer St Boston MA 02110 Investment advisor 362072 52 0 0 511025 0 5779093 10137811 1898638 16427929 Tuition and fees 611310 226760779 226760779 0 0 Auxiliary revenue 611310 15350094 15350094 0 0 Other revenue 611710 7302736 7302736 0 0 0 0 0 0 249413609 2590344 0 0 2590344 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33086193 0 24254660 0 8831533 0 8831533 0 0 8831533 109500 511025 335312 -225812 0 -225812 0 0 0 0 0 0 0 0 0 0 0 0 Advertising 711211 31424 0 31424 0 UBTI investments 523999 -69008 0 -69008 0 Sports camps, sponsorships 711211 477744 0 477744 0 0 0 0 0 440160 277477763 249413609 440160 11196065 0 0 61315231 61315231 0 0 0 0 4977875 2699856 2278019 0 46329 46329 0 0 96701633 75733838 18929361 2038434 8727789 6873630 1696981 157178 13600467 10799740 2666270 134457 7466128 5801433 1432274 232421 265909 213259 52650 0 2948605 2364781 583824 0 188600 151257 37343 0 17750 0 17750 0 40375 40375 2204558 0 2204558 0 4500533 3218264 794534 487735 1072871 843073 208140 21658 2840281 2176950 537451 125880 6049842 4838256 1194482 17104 0 0 0 0 6518078 5227499 1290579 0 4413302 3508371 866156 38775 0 0 0 0 2828432 2199647 543055 85730 6456004 5177715 1278289 0 0 0 0 0 21159367 16969812 4189555 0 1659986 1331309 328677 0 Supplies 5709361 4538724 1120533 50104 Retail services 6573201 5270954 1301308 939 Purchases for resale 2629905 2109184 520721 0 5191010 4027389 994294 169327 276103422 227436501 45066804 3600117 7600921 7945786 43089817 37366055 5310354 3514748 6060431 8154232 0 0 0 0 7710049 7625810 819342 1194627 2773065 4139296 467803301 137522048 329468234 330281253 43572737 51292002 126890268 133933325 0 0 4940524 4940524 13125623 14311493 591361365 604699151 24484692 26242880 0 0 10039931 9350947 140468422 136513749 2275539 2276696 0 0 0 0 0 0 14623457 14090253 191892041 188474525 X 247224479 274077533 50168560 44078689 102076285 98068404 399469324 416224626 591361365 604699151 1374341 15380961 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 17750 0 0 17750 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 The University pays membership dues to organizations which engage in some lobbying activities. Thus, a portion of the dues are attributable to lobbying activities. 0 0 X X X 0 0 1 X 174149940 3324854 13713254 0 6456976 0 184731072 178758605 3879210 -1985829 0 6502046 0 174149940 152815196 1374251 32024307 0 7455149 0 178758605 151180031 2912779 9228006 0 10505620 0 152815196 206654870 4416879 -50530972 0 9360746 0 151180031 0.3 0.53 0.17 0 0 4636900 50529991 55166891 7068000 344205157 96188383 255084774 0 3808616 2419122 1389494 0 23489600 12558765 10930835 0 34065037 26355778 7709259 330281253 0 F 0 F Private equiity partnerships 39996783 F Hedge funds 32936714 F Commingled funds 60120796 F All other investments 879032 F 133933325 Bond issuance costs 1654884 Funds held in trust by others 1780559 Assets held under split interest agreements 8906394 Construction in progress 1969656 14311493 0 Liabilities under split-interest agreements 5728950 Unrealized loss on int. rate swap agreement 2073262 US government loan funds 6288041 14090253 X 231878805 15380961 0 0 -61315231 -45934270 277813075 0 -335312 -335312 277477763 215123503 0 0 0 335312 335312 214788191 0 61315231 61315231 276103422 SchD_P03_S00_L01 Schedule D, Part III, Line 1 The University holds various collections that are made up of artifacts of historical significance and art objects that are held for educational, research, scientific, and curatorial purposes. Each item is cataloged, preserved, and maintained to ensure their original condition is maintained. Collections, which have been acquired through purchases and contributions to the University, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as the items are restricted by donors. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset class. No collection items were deaccessioned in the years ended June 30, 2013 or 2012. SchD_P03_S00_L04 Schedule D, Part III, Line 4 The artifacts in the University's collections are used for instructional and research purposes. SchD_P04_S00_L02b Schedule D, Part IV, Line 2b Seattle University receives cash deposits on behalf of various student clubs. Funds are disbursed on behalf of those clubs for various items such as printing, mailing, audio/visual equipment rentals, and catering. SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowment funds are invested to provide income to support educational activities, either as a result of donor-imposed restrictions or as a result of designations by the Board of Trustees. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The University has considered the impact of ASC 740, Implementation Guidance on Account for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities, and after review of the potential impact of various tax provisions, it was determined that no potential liability exists for those positions. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d For financial statement purposes, the University deducts student aid expense of $61,315,231 from gross tuition and fees to derive net tuition and fees. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Special event expense of $335,312 is treated as a reduction of revenue in Part VIII and accounted for as an expense in the University's audited financial statements. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Special event expense of $335,312 is treated as a reduction of revenue in Part VIII and accounted for as an expense in the University's audited financial statements. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b For financial statement purposes, the University deducts student aid expense of $61,315,231 from gross tuition and fees to derive net tuition and fees. 1 1 1 1 1 1 1 0 0 0 1 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The University's Nondiscrimination Policy is prominently displayed on its public website and in all brochures, publications, and catalogs dealing with student admissions, programs, and scholarships. SchE_P01_S00_L05 Schedule E, Part I, Line 5 The University offers certain scholarships for underrepresented minority students. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The University receives various federal, state, local, and foundation grants for academic activities, research, student financial aid, loan, and work study programs. Europe (including Iceland and Greenland) 0 0 Program Services Study abroad 466879 Central America and the Caribbean 0 0 Program Services Study abroad 18817 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study abroad 56497 East Asia and the Pacific 0 0 Program Services Study abroad 192499 Central America and the Caribbean 0 0 Investments Investments (fair market value as of June 30, 2013) 29063208 North America (including Canada and Mexico, but not the United States) 0 0 Investments Investments (fair market value as of June 30, 2013) 19454 Europe (including Iceland and Greenland) 0 0 Investments Investments (fair market value as of June 30, 2013) 4280 0 0 29821634 1 0 1 0 0 0 SchF_P01_S00_L03 Schedule F, Part I, Line 3 The University has holdings in alternative and other investments in funds legally domiciled outside the United States. The University monitors those investments through due diligence by the investment committee, Associate VP for Finance, and the University's investment adviser. X X X X X X X 1 Legacy Leaders Inc 425 University Ave Suite 7 Toronto Ontario CA M5G 1T6 Legacy Leaders (the Company) provides direct marketing services (mail and telephone) specifically focused on securing planned and estate gifts for the University. The University provides the company with a list of individuals identified as planned giving donors. The company directs to University staff those individuals interested in making a planned gift. The company also follows up with stewardship (such as thank you letters), calling, and mailing. The University does not track specific bequests resulting from services rendered by the Company. 0 0 40375 -40375 0 40375 -40375 WA Annual Gala 620525 511025 109500 0 0 24497 111889 115500 83426 0 0 620525 511025 109500 0 0 24497 111889 115500 83426 335312 -225812 1 Scholarships from institutional funds 2903 0 29940476 Book Financial Aid Grants from institutional funds 2887 0 25208760 Book Financial Aid Scholarships and grants funded from gifts and other restricted funds 790 0 3606543 Book Financial Aid All other aid 477 0 2559452 Book Financial Aid SchI_P01_S00_L02 Schedule I, Part I, Line 2 The University's Enrollment Services Division, Office of Student Financial Services, and Office of Research Services and Sponsored Projects are responsible for the administration of all grants and student aid according to current law, regulations, and policies prescribed by grantors. The University is subject to annual audits conducted in accordance with OMB Circular A-133. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Stephen V Sundborg SJ 319500 0 0 0 0 0 0 0 0 0 319500 0 0 Isiaah Crawford 229728 0 0 0 24000 0 24923 0 11030 0 289681 0 0 Marilyn Ann Crone 179920 0 0 0 1800 0 19695 0 7486 0 208901 0 0 0 Jacob L Diaz 133670 0 0 0 0 0 15762 0 14137 0 163569 0 0 0 Robert J Dullea 159676 0 0 0 0 0 17390 0 21239 0 198305 0 0 0 Marilyn Gist 210140 0 0 0 0 0 21489 0 5829 0 237458 0 0 0 Gerald V Huffman 132955 0 0 0 0 0 15860 0 7529 0 156344 0 0 0 Timothy P Leary 200072 0 0 0 0 0 22002 0 41456 0 263530 0 0 0 Mary Kay McFadden 197079 0 0 0 0 0 21700 0 7486 0 226265 0 0 0 Mary S Petersen 176702 0 0 0 0 0 20585 0 36167 0 233454 0 0 0 Azita Emami 206449 0 0 0 0 0 21120 0 8256 0 235825 0 0 0 Mark Markuly 131122 0 0 0 0 0 13207 0 74438 0 218767 0 0 0 Mark Niles 304938 0 0 0 0 0 25000 0 13967 0 343905 0 0 0 Joseph M Jr Phillips 195553 0 0 0 0 0 22726 0 39967 0 258246 0 0 0 David V Powers 163245 0 0 0 0 0 18820 0 13967 0 196032 0 0 0 Michael J Quinn 157451 0 0 0 0 0 18471 0 39552 0 215474 0 0 0 Robert S Chang 223639 0 0 0 0 0 24916 0 13967 0 262522 0 0 0 Cameron Dollar 200000 0 10294 0 60000 0 20000 0 13967 0 304261 0 0 0 Tayyab Mahmud 216053 0 0 0 0 0 21644 0 7362 0 245059 0 0 0 Charles OKelley 267018 0 0 0 0 0 24998 0 7486 0 299502 0 0 0 David Michael Skover 199790 0 0 0 0 0 21685 0 7486 0 228961 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The University paid $34,080 in club dues for certain officers and key employees for business-related purposes, as follows: Rainier Club ($15,808): Annette Clark $725, Stephen V. Sundborg SJ $3556, Mark Niles $8305, Joseph M. Phillips Jr $3,222; Rotary Club ($5,760): Stephen V. Sundborg SJ $2,195, Joseph M. Phillips Jr $1,955, Mary Kay McFadden $1,610; University Club ($4,436): Stephen V. Sundborg SJ $4,436; Washington Athletic Club ($8,076): Mark Niles $5,076, Mary Kay McFadden $3,000. The University provides an annual housing allowance, which is taxable, to Cameron Dollar in the amount of $60,000. The University provides an annual housing allowance, which is taxable, to Isiaah Crawford in the amount of $24,000. The University provides an annual housing allowance, which is taxable, to Marilyn Crone in the amount of $1,800. A Washington Higher Education Facilities Authority 911306482 9387812J2 2007-07-25 38075000 Capital Project 0 0 0 B Washington Higher Education Facilities Authority 911306482 838781UG3 2003-10-28 15420000 Refunding 0 0 0 C Washington Higher Education Facilities Authority 911306482 939781UN7 2005-09-21 23505000 Refunding 0 0 0 D Washington Higher Education Facilities Authority 911306482 939781A26 2008-03-20 26595000 Refunding 0 0 0 A 675000 0 38075000 0 0 0 931512 0 0 37143488 0 0 2009 0 0 1 1 B 14390000 0 15420000 0 0 0 342538 0 0 0 15077462 0 2003 1 0 1 1 C 4100000 0 23505000 0 0 464468 0 0 0 23040532 0 2005 1 0 1 1 D 5010000 0 26595000 0 0 0 373725 0 0 0 26221275 0 2008 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 1 0 0 0 0 1 D 1 1 1 Bank of New York 2.9 0 0 0 0 1 A 1 B 1 C 1 D 1 A Washington Higher Education Facilities Authority 911306482 939781K81 2009-09-30 41775000 Capital Project 0 0 0 B Washington Higher Education Facilities Authority 911306482 939781J68 2011-09-01 14570000 Refunding 0 0 0 A 0 0 41775000 0 0 0 515109 0 0 41258891 0 0 2010 0 0 1 1 B 450000 0 14570000 0 0 0 530137 0 0 0 14039863 0 2011 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 NA NA 2265 Financial Aid Financial Aid James Tower LLC Entity which David Sabey, Trustee, served as an officer during the year. 643915 Life science lab and office lease. 0 Erin D Swezey Ms. Swezey is married to Timothy Leary, the University's Executive Vice President. 46329 Ms. Swezey is a member of the faculty of the College of Education. 0 X 44 1898638 FMV 0 0 1 0 SchM_P01_S00_L09 Schedule M, Part I, Line 9 The amount reported in Schedule M, Part I, column B, line 9 represents the number of contributors during the year. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Trustee Rolfe, Trustee Trainer, and Trustee Wright each has a business or financial interest in an entity that owns or operates a mixed use structure on property leased from Seattle University and that provides housing opportunities for students and faculty. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Seattle University is a Washington nonprofit corporation governed by a Board of Trustees that is responsible for the overall management of the affairs of the University. As nonprofit member corporation established under Washington state law, the University has a Board of Members. The University has seven members. Each member is required to be in good standing in the Society of Jesus. The seven members include the following: the Rector of the Seattle University Jesuit Community and six Jesuits from among those under contract at Seattle University. The President, Provost and any Vice President of Seattle University are ineligible to be a member. Members are elected by Jesuits currently under contract at Seattle University. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a The bylaws for Seattle University require at least seven of the thirty-five Trustees belong to the Society of Jesus, one of whom is the President of the University ex officio. These Jesuit Trustees are chosen by the Members. Any Trustees appointed by the Members may be removed from the governing board by the affirmative vote of two-thirds of all the Members. Any vacancies of Trustees originally appointed by the Members should be subsequently filled with another individual appointed by the Members. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b The principal duty of the Members is to ensure furtherance of the work of Catholic higher education in accordance with the traditions and ideals of the Society of Jesus. The power to alter, amend, or repeal the Articles of Incorporation or the Bylaws is reserved to the Members and must be exercised in accordance with the Bylaws. The Members may delegate this authority to the Board of Trustees in whole or in part. The Board of Trustees may not authorize the sale or lease of any corporate properties having a fair market value in excess of $300,000 without the written approval of a majority of the Members. Members, like Trustees, have a duty to conduct themselves in the best interests of the University consistent with the objectives and purposes of the university as stated in the Articles and Bylaws. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Each voting member of the Board of Trustees was provided with an electronic copy of Form 990 and supporting schedules prior to filing with the IRS. The chair of the Audit Committee of the Board reviewed the form and schedules as well. The form and schedules were also reviewed by appropriate officers and management, including but not limited to the CFO/VP for Finance and Business Affairs, the Associate VP for Finance and Investments, the Executive Vice President, and University Counsel. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Conflict of Interest Policy for Trustees is contained in the Bylaws of the University. Trustees are informed of this policy during Trustee orientation and the annual meeting. On an annual basis, each Trustee is asked to furnish a written statement indicating whether he or she is involved in any matter that poses an actual or potential conflict of interest. Trustees are expected to update the disclosure throughout the year as may be appropriate. After a trustee's disclosure of a potential financial or other conflict of interest, the chair of the Board of Trustees, in consultation with the University Counsel, determines whether the situation constitutes a conflict of interest requiring action by the Board. If the chair of the Board believes Board action is appropriate, the interested person must leave the Board meeting where the financial or other interest is discussed and voted upon, unless requested to stay either to respond to questions or provide information to the Board on the matter under discussion. The remaining board members decide if a conflict of interest exists and the appropriate course of action. Officers, key employees, faculty, and staff are covered by the University conflict of interest policy. Individuals are informed of this policy at the time of hire. The policy is contained in the Human Resources Policy Manual and is available to faculty and staff on the University's website. Upon identification of a potential conflict of interest, the matter is reviewed and evaluated by University officials and a determination is made regarding an appropriate action. The University has also adopted the Policy for Financial Conflict of Interest Disclosure and Management for Investigators in Externally Sponsored Programs in compliance with US Department of Health and Human Services regulations (42 CFR Part 50, Subpart F) and the financial conflict of interest policies of the National Science Foundation. Finally, the Office of Finance and Business Affairs, through the Office of the Controller, reviews carefully all proposed business transactions, expenditures, and requests for reimbursements to determine compliance with University policies, including those relating to conflict of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The University's process for determining compensation for the president, officers, and key employees includes the following elements: (1) an authorized committee of the Board of Trustees composed entirely of individuals who are unrelated to, and not subject to, the control of disqualified persons involved in the compensation arrangement; (2) reliance on appropriate comparability data, including compensation levels paid by similarly situated organizations for functionally comparable positions; the location of the University, including the availability of similar specialties in the geographic area; independent compensation surveys by nationally-recognized independent firms; and written offers from similar institutions competing for the services of the disqualified person; and (3) documentation by the authorized body that adequately documents the basis for determination concurrent with making decisions regarding the compensation arrangement. The Executive Committee of the Board of Trustees serves as the compensation committee and follows this process annually. The compensation arrangement for the President, Provost, Executive Vice President, CFO, and other members of the Cabinet was most recently reviewed on April 15, 2014. Within the institution, appropriate comparability data is also obtained and reviewed for all other officers, key employees, and any other highly-compensated employees. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 While applicable federal tax laws do not mandate that the University's governing documents, conflict of interest policy, and financial statements be made available for public inspection, the University makes each of the foregoing available on its website, www.seattleu.edu, or upon request. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Two individuals listed as key employees started at the University during calendar year 2012. Constance R. Kanter, CFO and Vice President for Finance and Business Affairs, started in May 2012 (Associate Vice President for Finance Jim Adolphson served as interim Vice President prior to May 2012). Scott McClellan, Vice President for Communications, started in August 2012 (prior to that date, incumbents in that position were classified as Associate Vice Presidents and were thus not classified as key employees). F990_P07_S0A_L01d Form 990, Part VII, Section A, Line 1d Stephen V. Sundborg, SJ, Peter B. Ely, SJ, Patrick J. Howell, SJ, Patrick M. Kelly, SJ, Mark Bosco, SJ, and Michael J. Bayard, SJ, are members of the Society of Jesus who are employed by Seattle University. Each has assigned his gross salary and the dollar equivalent of his employee benefits to the Jesuit Community at Seattle University in accordance with Article VI of the Bylaws of the University. Seattle University Foundation 901 12th Avenue Seattle WA 98122 911130769 Fundraising WA 501(c)(3) Type I Seattle University 1 Charitable Remainder Unitrusts (6) Seattle University Foundation 900 Broadway Admin 120 Seattle WA 981224340 911130769 Investment WA Seattle University T 0 Charitable Remainder Annuity Trusts (2) Seattle University Foundation 900 Broadway Admin 120 Seattle WA 981224340 911130769 Investment WA Seattle University T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0