2024-05-02T17:03:47-07:00 2023-06-30 990 2022-07-01 930401259 UNIVERSITY OF PORTLAND UNIV 5039437337 5000 N Willamette Blvd Portland OR 972035798 Eric Barger V.P. for Financial Affairs 5039437507 2024-05-02 Eric Barger 999009999 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Dr Robert Kelly 5000 N Willamette Blvd Portland OR 97203 304364119 0 X www.up.edu X 1935 OR The University of Portland, an independently governed Catholic university guided by the Congregation of Holy Cross, addresses significant questions of human concern through interdisciplinary studies of the arts, sciences, and humanities and through studies in majors and professional programs at the undergraduate and graduate levels. As a diverse community of scholars dedicated to excellence and innovation, we pursue teaching and learning, faith and formation, leadership and service in the classroom, residence halls, and all activities of campus life. Because we value the development of the entire person, the university honors faith and reason as ways of knowing, promotes ethical reflection, and prepares people who respond to the needs of the world and its human family. 50 36 2742 44 103601 79069 16918632 20609810 220687428 216912412 2242519 2583403 25842 32212 239874421 240137837 99479464 101163228 0 0 87287071 85759941 0 0 2490785 63575539 59558784 250342074 246481953 -10467653 -6344116 712308478 708730845 107068569 106819476 605239909 601911369 The University of Portland, an independently governed Catholic university guided by the Congregation of Holy Cross, addresses significant questions of human concern through interdisciplinary studies of the arts, sciences, and humanities and through studies in majors and professional programs at the undergraduate and graduate levels. As a diverse community of scholars dedicated to excellence and innovation, we pursue teaching and learning, faith and formation, leadership and service in the classrooms, residence halls, and all activities of campus life. Because we value the development of the entire person, the university honors faith and reason as ways of knowing, promotes ethical reflection, and prepares people who respond to the needs of the world and its human family. 0 0 168846776 98631150 193082048 Post-secondary Education: The primary mission of the University of Portland is education. 4,033 undergraduate and graduate students were enrolled in 2021/2022 in the College of Arts and Sciences, Pamplin School of Business Administration, School of Education, School of Nursing, and Shiley School of Engineering. The University has been repeatedly recognized as one of the top ten master's universities in the west. An integral part of our mission is the provision of student financial aid to help students pursue their education. A high-quality, personalized education at the University of Portland is an investment in each student's future success. We recognize that some students and their families may need assistance to meet some of their college costs, and we strive to help fill the gap between the cost of attendance and funds available to each student. We connect students with a wide range of internal and external funding options, but the expenses included in this category reflect scholarships and grants through institutional funds, annual and endowed gifts, and matching of government funds. 36261042 2532078 23830364 Extracurricular Programs, Student Services and Campus Life: The University of Portland recognizes that an education should develop the entire person and accordingly maintains diverse and comprehensive extracurricular programs on campus. Expenses and revenues listed above include residence halls, dining, NCAA Division I athletics, International Student Services, Health and Career Services, Admissions, Registrar, Student Government and Activities, Financial Aid, and Intramurals. 0 0 0 205107818 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 430 0 1 2742 1 1 1 1 AU 0 0 0 1 1 0 0 0 0 0 0 X 50 36 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 OR X Eric C Barger 5039437507 5000 N Willamette Blvd Portland OR 972035798 Shantay Legans Coach, Men's Basketball 40 X 538414 0 21428 Herbert Medina Provost 40 X 344954 0 41073 Michael DeVaughn Dean, School of Business 40 X 281724 0 47215 Eric Barger VP for Financial Affairs 40 X 276072 0 47130 Scott Leykam VP for Athletics 40 X 275298 0 45433 Mojtaba Takallou Professor 40 X 244372 0 55198 Robert Kelly President 40 X X 272620 0 22420 Brian Fabien Dean, School of Engineering 40 X 248823 0 38751 Andrea Barton VP and General Counsel 40 X 259052 0 21759 Casey Shillam Dean, School of Nursing 40 X 217497 0 41872 Michael Lewellen VP for Marketing/Communications 40 X 223167 0 28291 John Watzke Dean, School of Education 40 X 209470 0 41186 Nick Carlin-Voigt Coach, Men's Soccer 40 X 205130 0 39858 Michael Meek Coach, Women's Basketball 40 X 197023 0 40030 Dana Lopez VP for Human Resources 40 X 185097 0 38802 Michelle French Coach, Women's Soccer 40 X 192090 0 25456 Fr John Donato CSC VP for Student Affairs 40 X 173268 0 23944 Elise Moentmann Provost, interim 40 X 171185 0 23853 Fr Ed Obermiller CSC VP for University Relations, interim 40 X 104001 0 17471 Rev Charles F McCoy CSC Professor, former trustee 40 X 64009 0 13952 Thomas D Arndorfer Regent 1 X 0 0 0 Kristen Backeberg Regent 1 X 0 0 0 Richard S Baek Regent 1 X 0 0 0 Rev E William Beauchamp CSC Regent 1 X 0 0 0 Patrick E Becker Jr Regent 1 X 0 0 0 James J Berchtold Regent 1 X 0 0 0 Ralph G Bliquez Regent 1 X 0 0 0 Mary R Boyle Regent 1 X 0 0 0 Nancy K Bryant Regent 1 X 0 0 0 Annie T Buell Regent 1 X 0 0 0 Janice L Burger Regent 1 X 0 0 0 Cheryl L Cebula Regent 1 X 0 0 0 Kevin M Cooper Regent 1 X 0 0 0 Christina M Doerfler Regent 1 X 0 0 0 Elizabeth Dolly Duffy Regent 1 X 0 0 0 Rev James K Foster CSC Regent 1 X 0 0 0 Mark B Ganz Regent 1 X 0 0 0 Jennifer Graves Regent 1 X 0 0 0 Rev David L Guffey CSC Regent 1 X 0 0 0 Paul G Henningsen Jr Regent 1 X 0 0 0 Tom Hoban Regent 1 X 0 0 0 Rev Peter A Jarret CSC Regent 1 X 0 0 0 Patricia K Johnson Regent 1 X 0 0 0 Fred H Jonske Regent 1 X 0 0 0 Kasey C Keller Regent 1 X 0 0 0 Robert D Kelly Regent 1 X 0 0 0 Patrick H Kessi Regent 1 X 0 0 0 Rev William M Lies CSC Regent 1 X 0 0 0 Rev Edward A Malloy CSC Regent 1 X 0 0 0 John S Marick Regent 1 X 0 0 0 Timothy J Morgan Regent 1 X 0 0 0 Monica Names-King Regent 1 X 0 0 0 Michael E Nelson Regent 1 X 0 0 0 Dr Silvia E Plascencia Regent 1 X 0 0 0 James T Price Sr Regent 1 X 0 0 0 Rev Patrick E Reidy CSC Regent 1 X 0 0 0 Larree M Renda Regent 1 X 0 0 0 Don V Romanaggi MD Regent 1 X 0 0 0 Stephen L Shepard Regent 1 X 0 0 0 Darlene V Shiley Regent 1 X 0 0 0 Edwin A Sweo Regent 1 X 0 0 0 Kay Dean Toran Regent 1 X 0 0 0 Darryl P Wong Regent 1 X 0 0 0 Jennifer R Williams Regent 1 X 0 0 0 Rev Robert Loughery CSC Regent 1 X 0 0 0 Gregory Naleski VP for University Relations 40 X 0 0 0 4683266 0 675122 130 1 1 0 Skanska USA 1010 NW Flanders St Unit 500 Portland OR 97209 Construction and Development 15703566 Lease Crutcher Lewis 550 SW 12th Avenue Portland OR 972053427 General contractor 10253266 Bon Appetit Management Co 201 Redwood Shores Parkway Suite 10 Redwood Shores CA 94065 Food Service 8588234 Kaiser Foundation Health Plan PO Box 34178 Seattle WA 98124 Health Insurance Plan 8479644 PacificSource Health Plans PO Box 7068 Springfield OR 97475 Healthcare Services 1722640 81 0 0 4425 0 1126850 19478535 0 20609810 Tuition and Fees 611310 186221945 186221945 0 0 Room and Board 611310 23830364 23830364 0 0 Athletics 611310 2839938 2736938 103000 0 4020165 3768933 1650 249582 216912412 1786067 0 -1049 1787116 0 0 0 0 57081 0 0 57081 0 0 64989649 0 64192313 0 797336 0 797336 930130 0 -132794 9100 4425 33969 -24869 0 -24869 0 240137837 217488310 103601 1936116 39026 39026 101124202 101124202 0 0 0 0 4685916 2572388 2009527 104001 0 0 0 0 59965178 46143569 12644575 1177034 2921964 2248469 616141 57354 12440198 9572808 2623206 244184 5746685 4422109 1211776 112800 0 0 0 0 326304 0 326304 0 106750 0 106750 0 0 0 0 0 0 0 45902 0 45902 0 17255818 12645366 4430575 179877 1009587 172354 694700 142533 3892275 2871537 963318 57420 2349648 2235537 0 114111 12338 4479 7859 0 5064855 5054574 10281 4326180 4108846 202255 15079 0 0 0 0 3386893 2231596 886176 269121 3157137 2942903 214234 0 0 0 0 0 12434883 9550860 2884023 0 2139859 195029 1944830 0 Unrelated Business Income Tax 23520 0 23520 0 Student Health Insurance 1786390 68964 1717426 0 Books and periodicals 1559640 1559596 44 680805 398180 275635 6990 246481953 205107818 38883350 2490785 14997 1502382 34390608 12287197 10072476 17578399 1584107 1711534 3250 30593 0 0 4416258 3827198 0 0 432032 407884 505499861 151058576 330383243 354441285 39773198 22859989 288310349 291735611 0 0 2927960 2348773 712308478 708730845 15781809 16537022 0 0 5304092 7631341 81838223 72470584 0 0 210321 229325 0 0 0 0 3934124 9951204 107068569 106819476 X 299477194 297358659 305762715 304552710 605239909 601911369 712308478 708730845 X -6344116 3015576 0 0 0 0 X 0 1 X 1 1 1 X 6733000 5113000 8356000 11813059 18857272 50872331 0 0 0 0 0 0 0 0 0 0 0 0 6733000 5113000 8356000 11813059 18857272 50872331 2669810 48202521 1502081 697000 1586000 2615893 1787116 8188090 1935 15150 56346 79069 42466 194966 6267000 5331000 4058000 5444634 6517351 27617985 86873372 1078597337 0.55486 0 X Schedule A, Part II, Line 10 Other income includes other investments returns and gains RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 298970872 10341365 3448608 7454791 4413567 0 300892487 322405863 5522642 -22285849 4636493 2035291 0 298970872 217583130 3016001 109134610 4352636 2975242 0 322405863 209126764 2813552 13881110 4045903 4192393 0 217583130 194396591 8432010 13702076 3754385 3649528 0 209126764 0.15 0.85 0 1 0 17984885 0 17984885 339727347 0 83982778 255744569 0 0 0 0 72144889 0 46975258 25169631 75642740 0 20100540 55542200 354441285 0 0 Private equity investment 68000 F Beneficial interest in assets held by others 291453000 F Cash surrender value of life insurance 214611 F 291735611 0 US Government Loan Advances 1573113 Annuities Payable 1783091 Nontax-exempt bond liabilities 6595000 9951204 X 143639280 3015576 271585 0 33969 3321130 140318150 0 99819687 99819687 240137837 146967820 271585 0 0 33969 305554 146662266 0 99819687 99819687 246481953 Schedule D, Part V, Line 3a(i) The University invests most of its endowment with a religious affiliate that shares the University's Catholic ministry and educational mission. These assets are held in the affiliate's endowment and are invested for the University's best interest. Schedule D, Part V, Line 4 The endowment supports a wide spectrum of campus life including student scholarship, faculty development efforts, the library, and a variety of other academic and student services program. Schedule D, Part X, Line 2 The University recognizes interest accrued and penalties related to unrecognized tax benefits in administrative expenses. During the years ended June 30 2023 and 2022, the University recognized no interest and penalties. There were no recognized tax benefits at June 30 2023 and 2022, and the University has no uncertain tax position required accrual. Schedule D, Part XI, Line 2d Other reconciling items represent the fundraising expense reported on Part VIII and rounding. Schedule D, Part XI, Line 4b Scholarship was included in the University's financial statement as contra-revenue. The amount is treated as expense in 990. Schedule D, Part XII, Line 2d Other reconciling items represent fundraising expenses included in Part VII and rounding. Schedule D, Part XII, Line 4b Scholarships are included in the University's financial statement as contra-revenue. The amount is included as expense in 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 To supplement its nondiscriminatory practices, the University publishes an advertisement of its nondiscriminatory policy in the primary regional newspaper annually. The policy is featured on University's web site, and in public communications as describe in line 2. Schedule E, Part I, Line 6 The University participates in a variety of federal and state student grant and programs: Pell Grants, Academic Competitiveness Grant, SMART Grants, Supplementary Education Opportunity Grants, and Oregon Opportunity Grants. Europe (including Iceland and Greenland) 1 3 Program Services Study abroad programming for students 2230137 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study abroad programming for students 40340 1 3 2270477 1 0 1 1 1 0 0 Scholarships from institutional funds for tuition, fees, and room & board 3765 95495636 Scholarships from annual donations for tuition, fees, and room & board 283 1221195 Scholarships from endowed donations for tuition, fees, and room & board 762 3850796 Scholarships from institutional match of government funds for tuition, fees, and room & board 288 386032 Schedule I, Part I, Line 2 Scholarships and grants are distributed to students by posting the funds to their accounts to offset charges for tuitions, fee, and room and board. Any remaining credit is refunded to students via check or direct deposit for use in purchasing books, food, and/or for housing. Contributions to exempt organizations that further the University's exempt purposes require approval of a Vice President. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Shantay Legans Coach, Men's Basketball 507754 0 20000 0 10660 0 0 0 21428 0 559842 0 0 0 Herbert Medina Provost 342542 0 0 0 2412 0 33330 0 7743 0 386027 0 0 0 Michael DeVaughn Dean, School of Business 279813 0 0 0 1912 0 26510 0 20704 0 328939 0 0 0 Eric Barger VP for Financial Affairs 275112 0 0 0 960 0 25894 0 21235 0 323201 0 0 0 Andrea Barton VP and General Counsel 258205 0 0 0 847 0 21097 0 662 0 280811 0 0 0 Brian Fabien Dean, School of Engineering 247863 0 0 0 960 0 23483 0 15268 0 287574 0 0 0 Scott Leykam VP for Athletics 241758 0 10000 0 23540 0 24005 0 21428 0 320731 0 0 0 Robert Kelly President 235000 0 0 0 37620 0 11353 0 11067 0 295040 0 0 0 Michael Lewellen VP for Marketing/Communications 216881 0 0 0 6287 0 20548 0 7743 0 251459 0 0 0 Casey Shillam Dean, School of Nursing 216537 0 0 0 960 0 20444 0 21428 0 259369 0 0 0 John Watzke Dean, School of Education 208510 0 0 0 960 0 19758 0 21428 0 250656 0 0 0 Dana Lopez VP for Human Resources 183150 0 0 0 1947 0 17352 0 21449 0 223898 0 0 0 Nick Carlin-Voigt Coach, Men's Soccer 177333 0 13400 0 14396 0 18431 0 21428 0 244988 0 0 0 Fr John Donato CSC VP for Student Affairs 173268 0 0 0 0 0 16405 0 7540 0 197213 0 0 0 Michelle French Coach, Women's Soccer 172975 0 9934 0 9181 0 17636 0 7820 0 217546 0 0 0 Michael Meek Coach, Women's Basketball 170333 0 23980 0 2710 0 18794 0 21235 0 237052 0 0 0 Elise Moentmann Provost, interim 170275 0 0 0 3560 0 16110 0 7743 0 197688 0 0 0 Fr Ed Obermiller CSC VP for University Relations, interim 104001 0 0 0 0 0 9883 0 7587 0 121471 0 0 0 Rev Charles F McCoy CSC Professor, former trustee 64009 0 0 0 0 0 6412 0 7540 0 77961 0 0 0 Mojtaba Takallou Professor 37655 0 0 0 206716 0 48909 0 6289 0 299569 0 0 0 Gregory Naleski VP for University Relations 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule J, Part I, Line 1a First class travel is allowed only for flights exceeding eight hours an with officer approval per written policy. Reimbursements for companion travel are only allowed with a bona fide business purpose and approval of an officer. University residences on campus are provided to University employees who are required to be available on campus at all hours. These residences include basic housekeeping services. Social/business association memberships are provided in limited circumstances with officer approval when required for development activities per written policy. While the University does not directly indemnify any individual with respect to taxes, it has in some circumstances increased employee salaries in amount that may offset a portion of the employee's taxable benefit, concurrent with the provision of those benefits. A State of Oregon-Oregon Facilities Authority 936001787 00068608J 2015-05-20 69645000 0 0 0 A 0 0 75168482 0 0 0 606991 0 0 25051346 49510145 0 2016 0 1 0 1 A 0 0 0 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 A 1 Schedule K, Part I, Column f-05/20/2015 69,645,000 State of Oregon Oregon Facilities Authority Purpose of the bond includes $25,000,000 for building projects; $658,337 for bond insurance costs; $49,510,145 to refund bond issued in 2007, which included a bond premium of $5,523,482. Schedule K, Part IV, Line 2c-05/20/2015 69,645,000 State of Oregon Oregon Facilities Authority The University contracted with an independent consultant in May 2020 to perform arbitrage calculations, who determined that no arbitrage exists. Ralph Miller Regent trustee Fund for student to invest X 250000 229325 0 0 1 Valerie Banschbach Key employee Home loan program X 15643 15643 0 0 1 Dana Lopez Key employee Home Loan Program X 15000 13214 0 0 1 Michele French Employee Home loan progam X 15000 1736 0 0 1 259918 Walter E Nelson Company Business Owner 362640 Industrial and custodial supplies 0 Schedule L, Part II A loan of $250,000 was provided to the student's University of Portland Investment Association for purposes of investing/trading equities, bonds and certain derivatives. This was established for the educational purpose of providing reality-based experience in investing and financial reporting to students at the University of Portland. Any loss exposure is assumed by the donor, limited to $250,000. X 12 1760580 Market quote X Gift certificates 1 2300 Retail prices 0 1 1 Schedule M, Part I, Line 32b The University periodically uses realtors or auction houses to assist in the disposal of gifted real property. The University also uses licensed broker to sell gift or marketable securities. Form 990, Header, Line A The University submitted Form 8868 to request an automatic six-month extension of our filing deadline to May 15, 2024. The request was approved. Form 990, Part VI, Section A, Line 7a The Bylaws grant the Congregation of Holy Cross the right to appoint up to nine board members. Form 990, Part VI, Section B, Line 11b The Audit Subcommittee reviewed and approved the filing, which was subsequently made available to the entire Board of Regents at their next regular meeting. Schedule B is disclosed to the Board of Regents and the Audit Subcommittee if the aggregated donation over a threshold calculated according the instruction of Schedule B. Donor's information is excluded from disclosure to maintain donor confidentiality. Form 990, Part VI, Section B, Line 15 The salaries of all officers and key employees are reviewed by the Audit subcommittee of the Board of Regents annually. All salaries, except the Men's Basketball head coach, are compared to College & University Personnel Association benchmarks, 990 data from comparable institutions, and internal compensation history for the position. Salaries for the Men's Basketball head coach and the VP for Athletics are compared with the counterparts salaries of teams in the West Coast Conference and internal compensation history for the position. Form 990, Part VI, Section C, Line 19 University's financial statements are available on https://www.up.edu/controller/resources/index.html. Governing documents are available to the public upon request. Form 990, Part XI, Line 9 Other nonoperating revenue and expenses as stated in the financial statement, and rounding. Northwest Academic Computing Consortium Inc 3203 SE Woodstock Blvd Suite 326 Portland OR 97202 841172799 Foster academic technology OR 501(c)(3) 11 Type I N/A 0 Friends of Saturday Academy 5000 N Willamette Blvd Portland OR 97203 203770321 Education OR 501(c)(3) 9 University of Portland 1 Charitable remainder trust (9) 5000 N Willamette Blvd Portland OR 97203 Charitable trust OR N/A T 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 Friends of Saturday Academy l 0 Per contract and agreement Friends of Saturday Academy n 0 Per contract and agreement