2024-02-27T15:21:45-06:00 2023-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-07-01 930386972 WILLAMETTE UNIVERSITY WILL 5033706710 900 STATE STREET SALEM OR 97301 DANIEL VALLES SR VP, COO & TREASURER 5033706710 2024-02-23 1 DANIEL VALLES 999009999 0 WENDY CAMPOS P00448102 5032421447 2024-02-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN E THORSETT 900 STATE STREET SALEM OR 97301 186002064 0 X WWW.WILLAMETTE.EDU X 1842 OR THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITYPREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING. 37 34 2041 1077 -520690 21505 18552130 15414203 107193404 120183646 2378328 407937 2990657 1746456 131114519 137752242 47903739 57722938 0 0 63715908 66784819 85369 88434 4214549 44246617 48319478 155951633 172915669 -24837114 -35163427 555407413 536279964 163796612 161483437 391610801 374796527 X THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITYPREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING. 1 0 134533102 57107422 105010469 HIGHER EDUCATION - INSTRUCTION AND SUPPORT: 1,347 IN THE COLLEGE OF ARTS AND SCIENCES, 314 IN THE COLLEGE OF LAW, 122 IN THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT, 17 IN THE SCHOOL OF COMPUTING AND INFORMATION SCIENCES, 75 IN A JOINT DEGREE PROGRAM, 365 IN PACIFIC NORTHWEST COLLEGE OF ARTS, AND 106 IN THE HALLIE FORD SCHOOL OF GRADUATE STUDIES (2,346 STUDENTS). 14072819 12976 15181977 HIGHER EDUCATION - AUXILIARY FUNCTIONS: INCLUDES ROOM & BOARD (FOR 1,059 STUDENTS) AND SUMMER CONFERENCES. 148605921 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 0 0 1 4193 0 1 2041 1 1 1 1 SP 0 0 0 1 1 0 0 0 0 0 0 X 37 34 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA MI MN OR SC X X SCOTT SCHAEFER 5033706710 900 STATE STREET SALEM OR 97301 X STEPHEN THORSETT PRESIDENT 40.00 X X 484263 0 170015 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER 40.00 X X 262276 0 42937 KEVIN SMITH CHAIR 1.00 X X 0 0 0 ELIZABETH LARGE VICE CHAIR 1.00 X X 0 0 0 LYNNE SAXTON IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 SEAN O'HOLLAREN SECRETARY 1.00 X X 0 0 0 EVA KRIPALANI ASSISTANT SECRETARY 1.00 X X 0 0 0 BOB HECK TRUSTEE 1.00 X 0 0 0 BONNIE FLYNN TRUSTEE 1.00 X 0 0 0 BRIAN HUFFT TRUSTEE 1.00 X 0 0 0 CHARLOTTE CARPENTER TRUSTEE 1.00 X 0 0 0 COLBY TAKEDA TRUSTEE - 06/30/2023 1.00 X 0 0 0 CORTLANDT CUFFEE TRUSTEE 1.00 X 0 0 0 DALE SAUSE TRUSTEE - 06/30/2023 1.00 X 0 0 0 DAVID DRINKWARD TRUSTEE 1.00 X 0 0 0 ELOISE DAMROSCH TRUSTEE 1.00 X 0 0 0 HEIDI PATTERSON TRUSTEE 1.00 X 0 0 0 JAMES CUNO TRUSTEE 1.00 X 0 0 0 JANELLE BOVELL TRUSTEE 1.00 X 0 0 0 JEFF CHUNG TRUSTEE 1.00 X 0 0 0 JILL TERRY HALL TRUSTEE 1.00 X 0 0 0 JOHNNY VONG TRUSTEE 1.00 X 0 0 0 JON THOMSEN TRUSTEE 1.00 X 0 0 0 JOSEPH HOFFMAN TRUSTEE 1.00 X 0 0 0 JULIE FILIZETTI TRUSTEE 1.00 X 0 0 0 KATHERINE CAHILL TRUSTEE 1.00 X 0 0 0 KENNETH MORRIS TRUSTEE 1.00 X 0 0 0 KONRAD KRUGER TRUSTEE 1.00 X 0 0 0 LINDA HUTCHINS TRUSTEE 1.00 X 0 0 0 LYNN RISTIG TRUSTEE 1.00 X 0 0 0 MARIAM HIGGINS TRUSTEE 1.00 X 0 0 0 MICHAEL MARTINEZ TRUSTEE 1.00 X 0 0 0 PATRICIA FARRIS TRUSTEE 1.00 X 0 0 0 PATRICK WAITE TRUSTEE 1.00 X 0 0 0 ROBIN BRENA TRUSTEE 1.00 X 0 0 0 SANDRA ROWE TRUSTEE 1.00 X 0 0 0 TRUMAN COLLINS JR TRUSTEE 1.00 X 0 0 0 COLLEEN KAWAHARA CHIEF OF STAFF, ADMINISTRATIVE SECRETARY 40.00 X 155935 0 18873 BRIAN GALLINI DEAN, COLLEGE OF LAW 40.00 X 262794 0 52726 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 40.00 X 241969 0 38445 JENNIFER COLE DEAN, PNCA 40.00 X 197513 0 52354 RUTH FEINGOLD DEAN, COLLEGE OF ARTS & SCIENCES 40.00 X 200709 0 40439 LISA LANDREMAN VP FOR STUDENT AFFAIRS 40.00 X 180924 0 27789 ANNE GALLAGHER ASSOCIATE VP OF BUDGET & FACILITIES 40.00 X 156887 0 27874 SHELBY RADCLIFFE VP FOR ADVANCEMENT 40.00 X 260974 0 29056 SHANA SECHRIST GENERAL COUNSEL & VP OF HUMAN RESOURCES 40.00 X 223846 0 51706 DEBRA RINGOLD JELD-WEN PROFESSOR OF FREE ENTERPRISE 40.00 X 219343 0 33942 NORMAN WILLIAMS KEN CLAUDIA PETERSON PROFESSOR OF LAW 40.00 X 220931 0 31031 SYMEON SYMEONIDES ALEX L PARKS DISTINGUISHED PROF. OF LAW 40.00 X 202727 0 47067 CURTIS BRIDGEMAN RODERICK CAROL WENDT CHAIR IN BUSINESS LAW 40.00 X 165534 0 54267 3436625 0 718521 102 1 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 4249951 SIEMENS CORPORATION 300 NEW JERSEY AVENUE SUITE 1000 WASHINGTON DC 20001 INFORMATION TECHNOLOGY 2878429 AMERICA CLEANING SOLUTIONS INC PO BOX 66681 PORTLAND OR 97290 JANITORIAL 1640092 GLOBAL ENDOWMENT MANAGEMENT 224 W TREMONT AVE CHARLOTTE NC 28203 INVESTMENT MANAGEMENT 1581674 ANDERSON ROOFING CO INC PO BOX 10085 PORTLAND OR 97296 CONSTRUCTION 1234248 31 3047489 12366714 577818 15414203 TUITION AND FEES 611310 105001670 105001670 ROOM AND BOARD FEES 721310 14554413 14554413 AUXILIARY INCOME 611710 627563 627563 120183646 524690 -554457 1079147 146567 0 146567 146567 146567 48133069 48249822 -116753 -116753 -116753 PARKING 812930 430683 33767 396916 TRUST DISTRIBUTIONS 525990 251313 251313 CONTRACTED SERVICES 900099 3220 3220 914673 8800 905873 1599889 137752242 120192446 -520690 2666283 8270 8270 56759308 56759308 955360 955360 2986280 934652 1860055 191573 44741 44741 48579287 41168894 4912885 2497508 4543683 3842739 448773 252171 6846216 5699620 781670 364926 3784612 3145492 441392 197728 464620 19917 439224 5479 207662 12868 194794 88434 88434 1696301 1696301 8361077 5512343 2724125 124609 648171 438244 209862 65 3852755 3220890 362756 269109 2346558 2172543 61166 112849 7793121 5495633 2286665 10823 2446860 2309318 64618 72924 112296 95244 7299 9753 3798912 2906024 892888 6589947 6326162 263785 1870602 19260 1851342 FOOD SERVICE 5415540 5251938 148064 15538 SPECIAL PROGRAMS 1075257 1075257 BOOKS AND PERIODICALS 898681 898681 UBI TAX 1624 1624 739494 292523 445911 1060 172915669 148605921 20095199 4214549 1864283 2167007 30684959 21755842 5664804 4420753 4806157 4591165 2580293 1978688 1064935 1460826 311215165 144439523 166595492 166775642 21379651 20603043 299957109 293946613 1272711 1330224 19537019 17250161 555407413 536279964 16271207 16904353 1917910 2574008 100445563 100101681 1183762 1168382 43978170 40735013 163796612 161483437 X 103975196 84095210 287635605 290701317 391610801 374796527 555407413 536279964 X -35163427 16586530 1762623 X 0 1 X 1 1 1 X 15088114 11311122 4531362 18552130 15414203 64896931 15088114 11311122 4531362 18552130 15414203 64896931 4283807 60613124 380739 409393 10901 2487193 1225714 4513940 32374 4019 734469 0 770862 1571054 1247469 174632 2908955 1566122 7468232 77649965 443144848 0.78060 0.77550 X PART II, SHORT YEAR EXPLANATION: TAX YEAR ENDING 6/30/2021 WAS A SHORT YEAR DUE TO A CHANGE IN THE ACCOUNTING PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 317223 7188001 X X X X 0 0 0 306529427 607386 16539787 6343327 10858748 1696060 304778465 355004054 4642596 -37413887 5296481 8699815 1707040 306529427 312170019 17252066 25708055 126086 355004054 249725853 2356252 75631109 5324551 8868842 1349801 312170019 258143403 9538492 -2531632 5091731 9044858 1287821 249725853 0.12900 0.59400 0.27700 1 0 8655297 8655297 216191713 89039852 127151861 16040999 13725047 2315952 10074997 8778964 1296033 60252159 32895660 27356499 166775642 MULTI-STRATEGY LIMITED PARTNERSHIP INVESTMENT FUND 269474424 F PRIVATELY POOLED FUNDS 24472189 F 293946613 ANNUITIES AND TRUSTS PAYABLE 11883275 GOVERNMENT ADVANCES FOR STUDENT LOANS 2508406 BONDS PAYABLE 15025262 OPERATING LEASE LIABILITIES 11318070 40735013 X 98959873 17201336 -54851861 -37650525 136610398 1696301 -554457 1141844 137752242 114492609 1 1 114492608 1696301 56726760 58423061 172915669 PART III, LINE 4: WILLAMETTE UNIVERSITY HAS A COLLECTION OF ART AND CULTURAL/HISTORICAL ARTIFACTS THAT CONSISTS OF PAINTINGS, PHOTOGRAPHS, CERAMICS, DRAWINGS, ARCHAEOLOGICAL ARTIFACTS, TEXTILES, SCULPTURES, NATIVE AMERICAN WOVEN BASKETS, AND OTHER MEDIA. THE COLLECTION IS HELD AT $7,188,001 AND IS HELD IN THE UNIVERSITY ART MUSEUM. THE MUSEUM EXISTS TO SUPPORT THE LIBERAL ARTS CURRICULUM OF WILLAMETTE UNIVERSITY AND TO SERVE AS AN INTELLECTUAL AND CULTURAL RESOURCE FOR THE CITY OF SALEM AND BEYOND, THROUGH THE COLLECTION, PRESERVATION, EXHIBITION AND INTERPRETATION OF HISTORICAL AND CONTEMPORARY ART WITH AN EMPHASIS ON REGIONAL ART. PART V, LINE 4: THE ENDOWMENT FUNDS HELD BY THE UNIVERSITY ARE USED TO SUPPORT OPERATIONS, INCLUDING FINANCIAL AID, INSTRUCTION AND BUILDINGS. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ASC 740-10, INCOME TAXES - OVERALL, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S CONSOLIDATED 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. THE UNIVERSITY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -56,620,243. POST-RETIREMENT LIABILITY ADJUSTMENT 486,843. OTHER CHANGES IN NET ASSETS 1,281,541. ROUNDING -2. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -554,457. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 56,620,243. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 88,917. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 17,600. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY DRAWS AN AVERAGE OF 59% OF INCOMING STUDENTS FROM OUTSIDE OREGON, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THEREFORE, THE UNIVERSITY IS EXEMPT FROM THE REQUIREMENT TO PUBLISH THE NOTICE OF NONDISCRIMINATION POLICY IN A LOCAL NEWSPAPER. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES TITLE IV FUNDS FOR FINANCIAL AID PURPOSES, AS WELL AS FEDERAL AND STATE GRANTS FOR FACULTY RESEARCH AND PROGRAMMING PURPOSES. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 5 PROGRAM SERVICES STUDY ABROAD PROGRAM 794037 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDY ABROAD PROGRAM 314125 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING STUDY ABROAD PROGRAM 568590 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 12650 SOUTH AMERICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 18625 SUB-SAHARAN AFRICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 41370 1 5 0 0 1 5 1749397 0 1749397 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 40 568590 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS EAST ASIA AND THE PACIFIC 18 314125 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 1 12650 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SOUTH AMERICA 1 18625 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SUB-SAHARA AFRICA 2 41370 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES 1 0 0 0 0 0 PART I, LINE 2: SCHOLARSHIPS/GRANTS AWARDED TO STUDENTS WHO ARE STUDYING ABROAD ARE APPLIED TO THEIR STUDENT ACCOUNTS. THE SCHOLARSHIPS OFFSET TUITION AND FEES TO REDUCE THE AMOUNT THAT STUDENTS OWE TO THE UNIVERSITY. THUS, THE STUDENTS DO NOT PHYSICALLY RECEIVE THE MONEY. PROCEDURES DO NOT DIFFER FROM THOSE APPLIED TO STUDENTS WHO ARE ATTENDING ON CAMPUS, OTHER THAN VERIFICATION OF PARTICIPATION AND COMPLETION OF THE PROGRAM. THE FOLLOWING ARE THE PROCEDURES FOLLOWED BY THE UNIVERSITY FOR MONITORING THE USE OF SCHOLARSHIP/GRANT FUNDS: THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILES ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED.) PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACCRUAL METHOD. PART III ACCOUNTING METHOD: X X X X X X X 1 WEST WIND CONSULTING STRATEGIES IN FUND RAISING LLC 120 BRINDLEY ST SUITE 7 ITHACA NY 14850 CONSULTING 0 0 62870 -62870 PENTERA INC 8650 COMMERCE PARK PL SUITE G INDIANAPOLIS IN 46268 MARKETING 0 0 25564 -25564 88434 -88434 AK AL AR AZ CA CO CT DC DE FL GA GU HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC SD TN TX UT VA VT WA WI WV WY 1 INTERNATIONAL COALITION OF SITES OF CONSCIENCE 55 EXCHANGE PLACE SUITE 404 NEW YORK NY 10005 204874389 501(C)(3) 6270 0 ART EXHIBITION 1 0 MERIT-BASED SCHOLARSHIPS TO STUDENTS 2296 49873252 NEED-BASED SCHOLARSHIPS TO STUDENTS 1018 5781506 FEDERAL WORK STUDY SCHOLARSHIPS TO STUDENTS 245 602540 STUDENT AWARDS AND PRIZES 221 457201 HEERF STUDENT RELIEF GRANTS 7 44810 PART I, LINE 2: PROCEDURES FOR MONITORING OF SCHOLARSHIPS: THE ACCOUNTING OFFICE NOTIFIES THE FINANCIAL AID OFFICE OF AMOUNTS AVAILABLE TO AWARD TO STUDENTS EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE SELECTS RECIPIENTS BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. AT YEAR-END, THE FINANCIAL AID OFFICE AND ACCOUNTING OFFICE RECONCILE ACCOUNTS FOR ALL FUNDS. THE ADVANCEMENT OFFICE PROVIDES ANNUAL REPORTS TO THE DONORS REGARDING THE USE OF DONOR-CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR ANNUALLY FUNDED). PROCEDURES FOR MONITORING OF RESEARCH GRANTS: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS VARY DEPENDING ON THE REQUIREMENTS OF THE AWARDING ENTITY AND THE GRANT TERMS & CONDITIONS. HOWEVER, MONITORING PROCEDURES, IN ADDITION TO ADHERING TO ALL REQUIRED ACCOUNTING STANDARDS, TYPICALLY INVOLVE WRITTEN AND/OR VERBAL ANNUAL PROGRESS REPORTS ON THE PROJECT OR PROGRAM IN ADDITION TO A FINAL REPORT SUBMITTED AT THE CONCLUSION OF THE PROJECT. FINANCIAL REPORTS ARE PREPARED BY THE ACCOUNTING OFFICE AND SUBMITTED FOR REIMBURSEMENT OF PROJECT EXPENDITURES. FINAL PAYMENT OF GRANT FUNDS IS OFTEN CONTINGENT ON THE AFOREMENTIONED ITEMS. DEPARTMENTS AND PRINCIPAL INVESTIGATORS OR GRANT ADMINISTRATORS ARE RESPONSIBLE FOR MONITORING OF GRANT FUNDS WITH ASSISTANCE FROM THE OFFICE OF GRANTS AND STRATEGIC INITIATIVES AND THE ACCOUNTING OFFICE. PROCEDURES FOR MONITORING OTHER AWARDS AND PRIZES: AWARD/PRIZE RECIPIENTS ARE DETERMINED BY CRITERIA ESTABLISHED BY THEIR RESPECTIVE DEPARTMENT OR COLLEGE. DEPENDING ON THE NATURE OF THE GRANT, DEPARTMENTS PARTNER WITH A VARIETY OF UNIVERSITY OFFICES INCLUDING FINANCIAL AID, ADVANCEMENT, GRANTS AND STRATEGIC INITIATIVES, AND ACCOUNTING, TO ENSURE THAT AWARD FUNDS ARE DISBURSED CONSISTENTLY WITH THE REQUIREMENTS OF THE GRANT OR RESTRICTED FUND. PROCEDURES FOR MONITORING GRANTS, AWARDS, AND PRIZES TO INDIVIDUALS: AT TIMES, FUNDERS AWARD GRANTS OR PRIZES TO INDIVIDUAL FACULTY MEMBERS OR STUDENTS. NSF'S CAREER AWARD IS ONE EXAMPLE, AS IS THE M.J. MURDOCK'S CHARITABLE TRUST'S SWANSON AWARD AND COLLEGE SCIENCE RESEARCH CONFERENCE PRIZES. IN SUCH CASES, THE UNIVERSITY RECEIVES THE FUNDS, UNLESS OTHERWISE SPECIFIED BY THE FUNDER, AND DISTRIBUTES THEM PER GRANT, AWARD OR PRIZE GUIDELINES AND UNIVERSITY FINANCIAL POLICIES AND PROCEDURES. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 STEPHEN THORSETT PRESIDENT 467836 0 0 0 16427 0 48000 0 122015 0 654278 0 0 0 BRIAN GALLINI DEAN, COLLEGE OF LAW 261934 0 0 0 860 0 27025 0 25701 0 315520 0 0 0 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER 260448 0 0 0 1828 0 26520 0 16417 0 305213 0 0 0 SHELBY RADCLIFFE VP FOR ADVANCEMENT 253736 0 0 0 7238 0 25510 0 3546 0 290030 0 0 0 CAROL LONG PROVOST AND SENIOR VICE PRESIDENT 237370 0 0 0 4599 0 24197 0 14248 0 280414 0 0 0 SHANA SECHRIST GENERAL COUNSEL & VP OF HUMAN RESOURCES 223114 0 0 0 732 0 23409 0 28297 0 275552 0 0 0 DEBRA RINGOLD JELD-WEN PROFESSOR OF FREE ENTERPRISE 214498 0 0 0 4845 0 17258 0 16684 0 253285 0 0 0 NORMAN WILLIAMS KEN CLAUDIA PETERSON PROFESSOR OF LAW 220055 0 0 0 876 0 17701 0 13330 0 251962 0 0 0 JENNIFER COLE DEAN, PNCA 175234 0 0 0 22279 0 18347 0 34007 0 249867 0 0 0 SYMEON SYMEONIDES ALEX L PARKS DISTINGUISHED PROF. OF LAW 196682 0 0 0 6045 0 20911 0 26156 0 249794 0 0 0 RUTH FEINGOLD DEAN, COLLEGE OF ARTS & SCIENCES 191264 0 0 0 9445 0 19905 0 20534 0 241148 0 0 0 CURTIS BRIDGEMAN RODERICK CAROL WENDT CHAIR IN BUSINESS LAW 164695 0 0 0 839 0 22521 0 31746 0 219801 0 0 0 LISA LANDREMAN VP FOR STUDENT AFFAIRS 179377 0 0 0 1547 0 18045 0 9744 0 208713 0 0 0 ANNE GALLAGHER ASSOCIATE VP OF BUDGET & FACILITIES 154820 0 0 0 2067 0 15810 0 12064 0 184761 0 0 0 COLLEEN KAWAHARA CHIEF OF STAFF, ADMINISTRATIVE SECRETARY 155315 0 0 0 620 0 15635 0 3238 0 174808 0 0 0 PART I, LINE 1A THE UNIVERSITY PRESIDENT IS REQUIRED AS A CONDITION OF EMPLOYMENT TO MAINTAIN A PERSONAL RESIDENCE IN A HOUSE PROVIDED BY THE UNIVERSITY. THE HOUSING ARRANGEMENT IS FOR THE CONVENIENCE OF THE UNIVERSITY AND THE HOUSE IS USED FOR UNIVERSITY BUSINESS. CLUB MEMBERSHIPS WERE PROVIDED TO THE UNIVERSITY PRESIDENT AND ARE USED FOR UNIVERSITY BUSINESS MEETINGS. PERSONAL SERVICES CONSIST OF CUSTODIAL SERVICES FOR THE UNIVERSITY OWNED RESIDENCE OCCUPIED BY THE PRESIDENT. THE PRESIDENT FLEW FIRST CLASS ON ONE OCCASION DURING THE FISCAL YEAR. PART I, LINE 1B ITEMS NOTED IN LINE 1A WERE PROVIDED BASED ON EMPLOYMENT AGREEMENTS WITH THE UNIVERSITY PRESIDENT AND OTHER EMPLOYEES, AND THE UNIVERSITY FOLLOWED THE PROVISIONS OF THESE AGREEMENTS REGARDING PAYMENT/REIMBURSEMENT/ PROVISION OF THESE ITEMS. PART I, LINE 4B DURING FISCAL YEAR 2017-2018, VICE PRESIDENT FOR ADVANCEMENT SHELBY RADCLIFFE SIGNED AN AGREEMENT WHICH PROVIDES A LONGEVITY BONUS EQUAL TO 5% OF HER SALARY, PAYABLE UPON COMPLETION OF 6 YEARS OF FULL SERVICE ENDING ON MAY 31, 2023. THE LONGEVITY BONUS WAS PAID IN JUNE OF 2023. A STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JTZ4 2016-07-14 22815181 SEE SCHEDULE K, PART VI 0 0 0 B STATE OF OREGON - OREGON FACILITIES AUTHORITY 936001787 68608JYY1 2021-05-27 79865559 SEE SCHEDULE K, PART VI 0 0 0 A 22815181 315181 9720449 12500000 2020 0 1 1 1 B 80591243 18108373 2065778 1339157 28000000 48460624 17355402 2024 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 7/14/16 (F) DESCRIPTION OF PURPOSE:THE PROCEEDS OF THE 2016 SERIES B BONDS WERE USED TO REFUND THE SERIES 2014 BONDS AND TO FUND $10 MILLION IN RESIDENCE HALL AND SPORTING FACILITIES UPGRADES. (A) ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY 5/27/21 (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE 2021 SERIES A BONDS WERE USED TO REFUND THE SERIES 2010, SERIES 2016-A, AND SERIES 2016-C BONDS AND FUND CAMPUS MAINTENANCE AND UPGRADES. SCHEDULE K, PART II, LINE 3: (A) TOTAL PROCEEDS OF ISSUE INCLUDE $21,986 OF INVESTMENT EARNINGS. (B) TOTAL PROCEEDS OF ISSUE INCLUDE $725,684 OF INVESTMENT EARNINGS. 32325 SCHOLARSHIP TUITION ASSISTANCE 22000 TUITION REMISSION TUITION ASSISTANCE RACHEL DEWEY THORSETT SPOUSE OF OFFICER STEPHEN THORSETT 44741 EMPLOYMENT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: RACHEL DEWEY THORSETT(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:SPOUSE OF OFFICER STEPHEN THORSETT X 10 317223 OPINION OF EXPERTS X 25 260596 FAIR MARKET VALUE 0 0 1 0 SCHEDULE M, PART I, COLUMN (B): THE AMOUNT REPRESENTS THE NUMBER OF ACTUAL CONTIBUTIONS RECEIVED AND NOT THE NUMBER OF ITEMS RECEIVED FOR EACH CONTRIBUTION. FORM 990, PART III, LINE 2 THE SCHOOL OF COMPUTING AND INFORMATION SCIENCES BECOMES THE UNIVERSITY'S FIFTH SCHOOL, JOINING THE COLLEGE OF ARTS AND SCIENCES, THE COLLEGE OF LAW, THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT AND THE PACIFIC NORTHWEST COLLEGE OF ART. THE FORMAL CREATION OF THE NEW SCHOOL WILL HELP ENHANCE WILLAMETTE'S CURRENT OFFERINGS IN COMPUTING AND INFORMATION SCIENCE AND CREATE PATHWAYS FOR EVEN MORE OF THE INTERDISCIPLINARY OPPORTUNITIES THAT WILLAMETTE IS KNOWN FOR. FORM 990, PART VI, SECTION A, LINE 2 BRIAN HUFFT AND CHIP KRUGER ARE MORE THAN 10% OWNERS IN THE SAME STARTUP VENTURE. EVA KRIPALANI AND ELIZABETH LARGE ARE BUSINESS PARTNERS. TRUMAN COLLINS JR HAS INVESTMENTS IN THE FIRM OF WHICH BRIAN HUFFT IS THE CFO. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THAT CAN ONLY BE ACCESSED BY MEMBERS OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE RETURN. NEXT, THE DRAFT FORM 990 IS UPLOADED TO A SECURE WEBSITE THAT CAN BE ACCESSED BY ALL MEMBERS OF THE BOARD OF TRUSTEES. THEY ARE NOTIFIED VIA EMAIL THAT THE FORM IS AVAILABLE FOR THEIR REVIEW. AFTER THE FORM HAS BEEN MADE AVAILABLE FOR REVIEW BY ALL NOTED PARTIES, IT IS MODIFIED (IF NECESSARY), FINALIZED, AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS AND KEY EMPLOYEES MUST COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND RETURN IT TO THE PRESIDENT'S OFFICE (OFFICERS AND TRUSTEES) OR THE CONTROLLER'S OFFICE (KEY EMPLOYEES) ANNUALLY. THE BOARD'S PROCESS FOR ADDRESSING CONFLICTS OF INTEREST IN ACCORDANCE WITH THE ADOPTED ABOVE-REFERENCED POLICY IS AS FOLLOWS: "IF AN INDIVIDUAL BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST, THE INDIVIDUAL SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT ON A FORM THAT GOES TO THE CHAIR OF THE AUDIT COMMITTEE AND SHALL REFRAIN FROM PARTICIPATING ON BEHALF OF THE UNIVERSITY IN THE MATTER TO WHICH THE CONFLICT RELATES UNTIL THE CONFLICT IN QUESTION HAS BEEN WAIVED OR OTHERWISE ADDRESSED BY VOTE OF THE AUDIT COMMITTEE AFTER THE MATERIAL FACTS OF THE TRANSACTION AND THE INDIVIDUAL'S INTEREST ARE DISCLOSED OR KNOWN TO THE COMMITTEE, OR OTHERWISE RESOLVED IN COMPLIANCE WITH THE OREGON NONPROFIT CORPORATION ACT (ORS CH. 65)." THE BOARD CHAIR, BOARD TREASURER, AND ADMINISTRATIVE SECRETARY TO THE BOARD MONITOR COMPLIANCE ON AN ONGOING BASIS. MONITORING ACTIVITIES MAY INCLUDE REVIEW OF MEETING MINUTES BY THE ADMINISTRATIVE SECRETARY TO IDENTIFY POTENTIAL/DEVELOPING CONFLICTS OR CONFLICTS THAT MAY HAVE ALREADY OCCURRED AND INFORMAL DISCUSSIONS WITH COMMITTEE CHAIRS OR BOARD OFFICERS TO RAISE AWARENESS OF CONFLICTS AND POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (MADE UP OF THE CHAIR, FINANCE CHAIR, AND AUDIT CHAIR) ESTABLISHES AND REVIEWS THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY. THE COMMITTEE CONSISTS OF THREE MEMBERS WHO DO NOT HAVE A CONFLICT OF INTEREST PER IRS REGULATIONS SECTION 53.4958-6(C)(1)(III). IN ORDER TO ESTABLISH AN APPROPRIATE LEVEL OF COMPENSATION, THE COMMITTEE REVIEWS A RANGE OF COMPENSATION DATA, INCLUDING REGIONAL AND NATIONAL SURVEYS. IN ADDITION, A REVIEW OF COMPENSATION AS REPORTED IN THE 990'S OF OTHER SIMILAR SIZED PRIVATE LIBERAL ARTS UNIVERSITIES IS PERFORMED. ONCE A SALARY IS DETERMINED, THE INFORMATION IS PASSED ON TO THE EXECUTIVE COMMITTEE. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN JUNE OF 2023. THE COMPENSATION COMMITTEE ALSO APPROVES COMPENSATION FOR EXECUTIVE AND KEY EMPLOYEES BASED ON DATA FROM (A) POSITIONS IN SIMILARLY SITUATED INSTITUTIONS; (B) POSITIONS IN MARKETS OUTSIDE HIGHER EDUCATION WHERE APPROPRIATE; (C) INTERNAL EQUITY; AND, (D) THE KNOWLEDGE, PERFORMANCE, SKILL, AND OTHER RELEVANT FACTORS OF THE PERSON IN THE POSITION. THE COMPENSATION DATA IS COLLECTED FROM NATIONAL AND REGIONAL SURVEYS, AS WELL AS OTHER SOURCES. THE LAST TIME THIS PROCESS WAS UNDERTAKEN BY THE UNIVERSITY WAS IN THE FISCAL YEAR ENDING 2023. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY FILED FOR TAX EXEMPTION BEFORE JULY 15, 1987 AND DID NOT HAVE A COPY OF FORM 1023 ON FILE AT THAT TIME AND IS THEREFORE NOT REQUIRED TO MAKE FORM 1023 PUBLICLY AVAILABLE. THE UNIVERSITY INSTEAD POSTS A COPY OF ITS CURRENT IRS EXEMPTION LETTER ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S BYLAWS, ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE UNIVERSITY'S WEBSITE. FORM 990, PART VII, SECTION A, LINE 1A THE TREASURER OF THE ORGANIZATION IS NOT CONSIDERED A TRUSTEE BUT IS CONSIDERED A MEMBER OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THIS POSITION IS REPORTED AS A DIRECTOR/TRUSTEE ON THE FORM 990 BECAUSE MEMBERS OF THE EXECUTIVE COMMITTEE HAVE THE RIGHT TO VOTE ON CERTAIN BOARD MATTERS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES AND TRUSTS 614,806. UNRELATED BUSINESS LOSS FROM ALTERNATIVE INVESTMENTS 554,457. TUITION REMISSION NOT RECORDED ON FINANCIAL STATEMENTS 17,600. POST-RETIREMENT LIABILITY ADJUSTMENT 486,843. NONCASH EMPLOYEE BENEFITS NOT RECORDED ON FINANCIAL STATEMENTS 88,917. 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