2025-05-13T15:49:57-05:00 2024-06-30 910189318 MOSS ADAMS LLP 999 THIRD AVENUE SUITE 2800 SEATTLE WA 98104 990 2023-07-01 910564961 THE UNIVERSITY OF PUGET SOUND UNIV 2538793224 1500 N WARNER STREET CMB 1075 TACOMA WA 984161075 JUSTINE LEVESQUE AVP FOR FINANCE 2538792720 2025-04-15 1 1 EMINA O CRESSWELL CPA P01217304 2063026500 2025-05-12 2023 2025-03-06 01:10:19Z ISIAAH CRAWFORD 1500 N WARNER STREET CMB 1075 TACOMA WA 984161075 187508082 0 X WWW.PUGETSOUND.EDU X 1888 WA DEVELOP STUDENTS TO SUSTAIN INTELLECTUAL CURIOSITY, ACTIVE INQUIRY, & REASONED INDEPENDENCE 29 28 2179 1423 559647 0 22135535 15474993 129047834 129942891 6009761 6133634 0 0 157193130 151551518 52769065 54123317 0 0 70544958 69423355 0 0 3621018 41832477 42988396 165146500 166535068 -7953370 -14983550 731731932 750428227 95212442 92314457 636519490 658113770 X UNIVERSITY OF PUGET SOUND, AS A COMMUNITY OF LEARNING, MAINTAINS A STRONG COMMITMENT TO TEACHING EXCELLENCE, SCHOLARLY ENGAGEMENT, AND FRUITFUL STUDENT-FACULTY INTERACTION. THE MISSION OF THE UNIVERSITY IS TO DEVELOP IN ITS STUDENTS' CAPACITIES FOR (CONTINUED ON SCHEDULE O) CRITICAL ANALYSIS, AESTHETIC APPRECIATION, SOUND JUDGMENT, AND APT EXPRESSION THAT WILL SUSTAIN A LIFETIME OF INTELLECTUAL CURIOSITY, ACTIVE INQUIRY, AND REASONED INDEPENDENCE. A PUGET SOUND EDUCATION, BOTH ACADEMIC AND COCURRICULAR, ENCOURAGES A RICH KNOWLEDGE OF SELF AND OTHERS; AN APPRECIATION OF COMMONALITY AND DIFFERENCE; THE FULL, OPEN, AND CIVIL DISCUSSION OF IDEAS; THOUGHTFUL MORAL DISCOURSE; AND THE INTEGRATION OF LEARNING, PREPARING THE UNIVERSITY'S GRADUATES TO MEET THE HIGHEST TESTS OF DEMOCRATIC CITIZENSHIP. SUCH AN EDUCATION SEEKS TO LIBERATE EACH PERSON'S FULLEST INTELLECTUAL AND HUMAN POTENTIAL TO ASSIST IN THE UNFOLDING OF CREATIVE AND USEFUL LIVES. 0 0 148778529 54123317 129942891 THE ONLY NATIONAL INDEPENDENT UNDERGRADUATE LIBERAL ARTS COLLEGE IN WESTERN WASHINGTON, PUGET SOUND SERVES APPROXIMATELY 2,000 STUDENTS FROM 46 STATES AND ABROAD, PROVIDING 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, PHYSICAL THERAPY, AND PUBLIC HEALTH. THE COLLEGE MAINTAINS A LOW STUDENT-FACULTY RATIO AND PLACES AN EMPHASIS ON EXCELLENCE IN TEACHING. AN ACADEMICALLY RIGOROUS RESIDENTIAL COLLEGE, PUGET SOUND OFFERS A FULL RANGE OF SERVICES TO SUPPORT THE ACADEMIC EXPERIENCE AND STUDENT SUCCESS, INCLUDING ATHLETICS, STUDY ABROAD, COMMUNITY SERVICE, INTERNSHIPS, CAREER PREPARATION, AND LEADERSHIP OPPORTUNITIES. PUGET SOUND ACTIVELY SEEKS AND SUPPORTS A DIVERSITY (SEE SCHEDULE O) OF BACKGROUNDS AND PERSPECTIVES THAT INFORM DEEP AND BROAD LIFELONG LEARNING FOR STUDENTS, FACULTY, STAFF, ALUMNI AND THE BROADER COMMUNITY. 148778529 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 1 2784 0 1 2179 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 X 29 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KY MA MD MI MO NH OR X JUSTINE LEVESQUE AVP FOR FINANCE 2538793224 1500 N WARNER 1075 TACOMA WA 98416 ISIAAH CRAWFORD PRESIDENT & TRUSTEE 40.00 X X 498242 0 177167 KIM KVAAL EXECUTIVE VICE PRESIDENT & CFO 40.00 X 356612 0 64358 VICTOR MARTIN VP FOR UNIVERSITY RELATIONS 40.00 X 331892 0 86886 JOANNA CAREY CLEVELAND VP GENERAL COUNSEL 40.00 X 285720 0 62612 MICHAEL JOHNSON FACULTY 40.00 X 296384 0 8357 SHERRY SARAH MOORE FACULTY 40.00 X 276291 0 5750 MATTHEW BOYCE VP FOR ENROLLMENT 40.00 X 212904 0 34908 NICK KONTOGEORGOPOULOS INTERIM PROVOST (THRU 7/23) 40.00 X 203709 0 34199 SARAH COMSTOCK VP FOR STUDENT AFFAIRS & DEAN OF STUDENTS 40.00 X 207596 0 33994 ALLISON CANNADY-SMITH AVP FOR CONSTITUENT RELATIONS 40.00 X 196894 0 28616 PETER H WIMBERGER FACULTY 40.00 X 215000 0 9080 ANDREW KERKHOFF PROVOST (FROM 7/23) 40.00 X 198693 0 16022 LORNA HERNANDEZ JARVIS VP INSTITUTIONAL EQUITY & DIVERSITY 40.00 X 191689 0 21377 JAMES JASINSKI FACULTY 40.00 X 194932 0 8542 ROBERT KIEF AVP FOR FACILITIES SERVICES 40.00 X 165333 0 31827 JANET S HALLMAN '84 AVP FOR FINANCIAL PLANNING & ANALYSIS 40.00 X 147180 0 19219 JUSTINE LEVESQUE AVP FOR FINANCE 40.00 X 140646 0 25009 LAURA BEHLING FORMER PROVOST 40.00 X 131986 0 23369 BETH M PICARDO '83 JD86 TRUSTEE, CHAIR 2.30 X X 0 0 0 KENNETH W WILLMAN '82 P15 P18 TRUSTEE, VICE CHAIR 2.30 X X 0 0 0 SHELLY J HEIER '98 TRUSTEE, TREASURER 2.30 X X 0 0 0 MARIA A ARELLANO '86 TRUSTEE 2.30 X 0 0 0 HEIDI B BROCK '85 TRUSTEE 2.30 X 0 0 0 MITZI W CARLETTI '78 TRUSTEE 2.30 X 0 0 0 RYAN W DUMM '07 TRUSTEE 2.30 X 0 0 0 KATHLEEN M DUNCAN TRUSTEE 2.30 X 0 0 0 EMILY S EHRENS '14 TRUSTEE 2.30 X 0 0 0 SUMNER P ERDMAN TRUSTEE 2.30 X 0 0 0 BRIAN R GROSS '98 TRUSTEE 2.30 X 0 0 0 SCOTT H HIGASHI '91 TRUSTEE 2.30 X 0 0 0 KAREN V JENKINS-JOHNSON '82 TRUSTEE 2.30 X 0 0 0 JEREMY L KORST TRUSTEE 2.30 X 0 0 0 SARAH L LEE '94 TRUSTEE 2.30 X 0 0 0 GWENDOLYN H LILLIS P'0S TRUSTEE 2.30 X 0 0 0 RYAN E MCANINCH '06 TRUSTEE 2.30 X 0 0 0 SUNSHINE A MORRISON '94 TRUSTEE 2.30 X 0 0 0 CHRISTOPHER R POHLAD '07 TRUSTEE 2.30 X 0 0 0 ROBERT C POHLAD TRUSTEE 2.30 X 0 0 0 LYLE QUASIM 70 HON '05 TRUSTEE 2.30 X 0 0 0 JAMILIA J SHERLS-JONES '05 TRUSTEE 2.30 X 0 0 0 ELIZABETH C STONE TRUSTEE 2.30 X 0 0 0 BRUCE L TITCOMB '80 P'13 TRUSTEE 2.30 X 0 0 0 NICHOLAS D VASILIUS '07 TRUSTEE 2.30 X 0 0 0 ERIK A WALLACE '96 TRUSTEE 2.30 X 0 0 0 DAVID J WATSON '92 TRUSTEE 2.30 X 0 0 0 WILLIAM T WEYERHAEUSER TRUSTEE 2.30 X 0 0 0 4251703 0 691292 161 1 1 0 JANI-KING OF WESTERN WASHINGTON 7064 S 220TH ST BLDG 9 KENT WA 98032 JANITORIAL SERVICES 1358377 IES ABROAD 33 WEST MONROE STREET SUITE 2300 CHICAGO IL 60603 STUDY ABROAD SERVICES 1122908 SEMAPHORE CORPORATION 9675 SE 36TH ST MERCER ISLAND WA 98040 DESIGN SERVICES 808963 MCKINSTRY CO LLC 5005 3RD AVENUE S SEATTLE WA 98134 CONSTRUCTION SERVICES 757997 SCHUCHART CORPORATION 919 5TH AVE SEATTLE WA 98164 CONSTRUCTION SERVICES 662337 61 2627964 12847029 409158 15474993 EDUCATION 611310 129942891 129942891 129942891 3360305 559647 2800658 30589904 8139989 28006065 7950499 2583839 189490 2773329 2773329 151551518 129942891 559647 5573987 48305 48305 52953213 52953213 1121799 1121799 3798350 1453294 1851731 493325 51712055 43657610 6291399 1763046 2891493 2489385 333163 68945 7086542 6261723 458344 366475 3934915 3136168 607532 191215 184794 184794 160810 160810 382863 382863 7445050 5827852 1347941 269257 2277974 1503580 711196 63198 2972474 2708679 84402 179393 2721554 2260970 430418 30166 5234 5234 5533417 5440881 73520 19016 2397446 2083918 241669 71859 217213 165718 30298 21197 1791123 1748901 24055 18167 9424039 8843411 538704 41924 1152602 1108626 34972 9004 GOODS PURCHASED FOR RES 3548559 3548247 312 STUDY ABROAD EXPENSE 1992056 1992056 DUES & SUBSCRIPTIONS 514027 228972 273958 11097 LOSS - DEBT EXTINGUISHM 167190 167190 99971 22797 73752 3422 166535068 148778529 14135521 3621018 16901583 8470868 51885331 53630670 10438232 12406987 646195 1089484 3739744 2703679 349599 352278 1950450 2257721 358032895 181098024 180148345 176934871 72323193 15007148 383073286 467157219 9205472 9255750 1070502 1161552 731731932 750428227 18033442 19168518 2092319 1712421 63193006 62764564 21892 81844 11871783 8587110 95212442 92314457 X 302256845 301341770 334262645 356772000 636519490 658113770 731731932 750428227 X -14983550 38560507 -1982677 X 0 1 X 1 1 1 X 19482601 12828728 13970513 22094535 15375993 83752370 19482601 12828728 13970513 22094535 15375993 83752370 16346408 67405962 3453431 2719011 3921061 3875334 2800658 16769495 3455975 442194 318628 4216797 104738662 657409160 0.64360 0.62030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6885 6885 166528183 166535068 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 7820 7547 7042 6885 29294 250000 250000 250000 250000 1000000 1500000 PART II-A, LINE 1C: IN ADDITION TO THE LOBBYING EXPENDITURES REPORTED ON LINE 1C, THE UNIVERSITY PAID $196,110 IN INSTITUTIONAL MEMBERSHIP DUES, AS WELL AS OTHER DEPARTMENTAL MEMBERSHIP DUES, TO ORGANIZATIONS THAT MAY HAVE PERFORMED LOBBYING ACTIVITIES ON BEHALF OF ITS MEMBERSHIP. MOST OF 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 1051238 X X X X X TEACHING MATERIAL & CURRICULA 0 0 1 X 458251447 6748170 41977003 9151155 16979582 380093 480465790 428906244 14539568 37427173 8261355 13805600 554583 458251447 476039677 2381463 -33784117 7989698 6242707 1498374 428906244 380044572 3614126 115682649 7745578 14811251 744841 476039677 381766489 11228159 3194113 7365945 8106687 671557 380044572 0.29739 0.37372 0.32889 1 1 1 11630282 11630282 294489870 149963839 144526031 13970647 9090953 4879694 37942096 22043232 15898864 176934871 ENDOWMENT GLOBAL EQUITIES 238496669 F ENDOWMENT GLOBAL FIXED INCOME 45797935 F ENDOWMENT ABSOLUTE RETURN 38581139 F ENDOWMENT REAL ASSETS 68933584 F ENDOWMENT PRIVATE CAPITAL 67196204 F NONPOOLED ENDOWMENT WITH EXTERNAL MANAGERS 2278599 F INVESTMENT IN LLC 5873089 F 467157219 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 2418039 GOVERNMENT ADVANCES FOR STUDENT LOANS 3470635 ASSET RETIREMENT OBLIGATION 2677415 CAPITAL LEASE OBLIGATIONS 21021 8587110 X PART III, LINE 4: THE PUGET SOUND MUSEUM OF NATURAL HISTORY LOCATED ON THE UNIVERSITY'S CAMPUS IN THOMPSON HALL PROVIDES ONE OF THE REGION'S MOST SIGNIFICANT REPOSITORIES FOR BIRD, MAMMAL, REPTILE, AMPHIBIAN, PLANT, FOSSIL, ROCK AND MINERAL SPECIMENS. THESE SPECIMENS, MOSTLY FROM THE PACIFIC NORTHWEST, COMPRISE APPROXIMATELY 110,000 SPECIMENS. THE MUSEUM SERVES AS A RESOURCE FOR STUDENTS, RESEARCHERS, ARTISTS, AND EDUCATORS. IT IS ALSO USED BY COURSES THROUGHOUT THE UNIVERSITY AND BY SCHOOLS THROUGHOUT THE SOUTH PUGET SOUND AREA. THOUSANDS OF K-12 STUDENTS ARE EXPOSED TO THE MUSEUM'S COLLECTIONS THROUGH CURRICULUM KITS THAT GO INTO THE SCHOOLS, MUSEUM TOURS, AND OTHER OUTREACH ACTIVITIES. THE MUSEUM FEATURES A SMALL SET OF EXHIBITS FOCUSED ON THE BIODIVERSITY OF THE REGION. THE COLLINS MEMORIAL LIBRARY: THE UNIQUE COLLECTIONS OF THE COLLINS MEMORIAL LIBRARY, IN BOTH PRINT AND ELECTRONIC FORMAT, 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. 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. 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 PRUDENT INVESTMENT AND THROUGH THE ADDITION OF NEW GIFTS, WHILE PROVIDING STEADILY GROWING SUPPORT TO UNIVERSITY PROGRAMS ACROSS GENERATIONS. PART X, LINE 2: FEDERAL INCOME TAXES: THE UNIVERSITY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME. DONATIONS TO THE UNIVERSITY ARE GENERALLY TAX DEDUCTIBLE TO THE DONOR. THE UNIVERSITY'S WHOLLY-OWNED SUBSIDIARY, RAINIER HEIGHTS HOLDINGS, LLC, IS DISREGARDED FOR FEDERAL INCOME TAX PURPOSES, AND ITS ACTIVITY FLOWS THROUGH TO THE UNIVERSITY. THE UNIVERSITY HAD NO UNRECOGNIZED TAX BENEFITS THAT WOULD HAVE REQUIRED AN ADJUSTMENT TO ITS NET ASSETS AT JUNE 30, 2024 OR 2023. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 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. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY HAS RECEIVED FUNDING FROM THE FEDERAL GOVERNMENT TO SUPPORT STUDENT WORK-STUDY AND FINANCIAL AID, INCLUDING FEDERAL PELL GRANT PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL WORK-STUDY PROGRAM, FEDERAL PERKINS LOAN PROGRAM, AND FEDERAL DIRECT STUDENT LOANS PROGRAM. FEDERAL RESEARCH GRANTS HAVE ALSO BEEN RECEIVED DIRECTLY OR INDIRECTLY FROM THE FOLLOWING FEDERAL AGENCIES: NATIONAL SCIENCE FOUNDATION, NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, AND DEPARTMENT OF HEALTH AND HUMAN SERVICES/ NATIONAL INSTITUTES OF HEALTH. THE UNIVERSITY ALSO RECEIVED FUNDING FROM OTHER SMALL STATE AND LOCAL GRANTS IN SUPPORT OF CONFERENCES, SCHOLARSHIP AND OTHER PROGRAMMATIC ACTIVITIES. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5196472 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTMAKING 29500 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTMAKING 416555 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 183521 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES FACULTY CONFERENCES 31003 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES FACULTY CONFERENCES 4855 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES FACULTY CONFERENCES 6069 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY TOURS, FACULTY CONFERENCES 36991 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 1 PROGRAM SERVICES STUDY TOURS, FACULTY CONFERENCES 105317 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY TOURS, FACULTY CONFERENCES 397410 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES STUDY TOURS, FACULTY CONFERENCES 36904 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES STUDY TOURS, FACULTY CONFERENCES 42723 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 GRANTMAKING 114925 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTMAKING 377298 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 5524 0 0 0 1 0 1 5904966 1080101 6985067 FINANCIAL AID GRANTS POSTED TO EACH STUDENT'S PUGET SOUND ACCOUNT WHEN STUDENTS WERE STUDYING ABROAD THAT TERM EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 43 183521 CREDIT TO STUDENT ACCOUNT REDUCING FUTURE PAYMENT 0 FINANCIAL AID GRANTS POSTED TO EACH STUDENT'S PUGET SOUND ACCOUNT WHEN STUDENTS WERE STUDYING ABROAD THAT TERM EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 79 416555 CREDIT TO STUDENT ACCOUNT REDUCING FUTURE PAYMENT 0 FINANCIAL AID GRANTS POSTED TO EACH STUDENT'S PUGET SOUND ACCOUNT WHEN STUDENTS WERE STUDYING ABROAD THAT TERM SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 4 29500 CREDIT TO STUDENT ACCOUNT REDUCING FUTURE PAYMENT 0 FINANCIAL AID GRANTS POSTED TO EACH STUDENT'S PUGET SOUND ACCOUNT WHEN STUDENTS WERE STUDYING ABROAD THAT TERM CENTRAL AMERICA AND THE CARIBBEAN 24 114925 CREDIT TO STUDENT ACCOUNT REDUCING FUTURE PAYMENT 0 FINANCIAL AID GRANTS POSTED TO EACH STUDENT'S PUGET SOUND ACCOUNT WHEN STUDENTS WERE STUDYING ABROAD THAT TERM SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 54 377298 CREDIT TO STUDENT ACCOUNT REDUCING FUTURE PAYMENT 0 1 0 1 1 1 0 PART I, LINE 2: 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 POLICY. IN COMPLIANCE WITH TITLE IV REGULATIONS, TOTAL AID FROM ALL SOURCES CANNOT EXCEED NEED OR THE ANNUAL COST OF ATTENDANCE, 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. 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 OF ACCOUNTING AND DO NOT INCLUDE EXPENDITURES THAT WERE RECOGNIZED IN A PRIOR REPORTING PERIOD. UNDER THE UNIVERSITY'S CURRENT ACCOUNTING PROCEDURES, INDIRECT AND DIRECT EXPENSES ASSOCIATED WITH CERTAIN ACTIVITIES OUTSIDE THE UNITED STATES ARE NOT SEPARATELY TRACKED AND THEREFORE ARE NOT INCLUDED IN COLUMN (F). THE AMOUNT ON PART I, LINE 3, COLUMN (F) FOR INVESTMENTS ARE BASED UPON THE FAIR MARKET VALUE OF EACH FUND. 1 FREEDOM EDUCATION PROJECT PUGET SOUND (FEPPS) 918 S HORTON ST 912 SEATTLE WA 98134 455291038 501(C)(3) 48305 0 TO SUPPORT INSTRUCTION IN THE WASHINGTON WOMEN'S CORRECTIONAL CENTER AT PURDY WHICH LEADS TO A BA 1 0 STUDENT FINANCIAL AID GRANTS 1503 52082357 STUDENT RESEARCH GRANTS 73 364699 STUDENT FELLOWSHIPS 85 300112 STUDENT PRIZES & AWARDS 194 187567 FACULTY RESEARCH GRANTS 14 18478 PART I, LINE 2: 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, 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. X X X X X 1 1 X X X X 1 1 0 0 0 0 0 0 0 ISIAAH CRAWFORD PRESIDENT & TRUSTEE 495934 0 0 0 2308 0 143637 0 33530 0 675409 0 0 0 KIM KVAAL EXECUTIVE VICE PRESIDENT & CFO 356612 0 0 0 0 0 42716 0 21642 0 420970 0 0 0 VICTOR MARTIN VP FOR UNIVERSITY RELATIONS 331892 0 0 0 0 0 60710 0 26176 0 418778 0 0 0 JOANNA CAREY CLEVELAND VP GENERAL COUNSEL 285720 0 0 0 0 0 33650 0 28962 0 348332 0 0 0 MICHAEL JOHNSON FACULTY 60232 0 625 0 235527 0 3545 0 4812 0 304741 0 0 0 SHERRY SARAH MOORE FACULTY 0 0 0 0 276291 0 0 0 5750 0 282041 0 0 0 MATTHEW BOYCE VP FOR ENROLLMENT 212904 0 0 0 0 0 13410 0 21498 0 247812 0 0 0 NICK KONTOGEORGOPOULOS INTERIM PROVOST (THRU 7/23) 183209 0 20500 0 0 0 17085 0 17114 0 237908 0 0 0 SARAH COMSTOCK VP FOR STUDENT AFFAIRS & DEAN OF STU 207596 0 0 0 0 0 12534 0 21460 0 241590 0 0 0 ALLISON CANNADY-SMITH AVP FOR CONSTITUENT RELATIONS 91269 0 625 0 105000 0 5294 0 23322 0 225510 0 0 0 PETER H WIMBERGER FACULTY 214375 0 625 0 0 0 4245 0 4835 0 224080 0 0 0 ANDREW KERKHOFF PROVOST (FROM 7/23) 176744 0 20000 0 1949 0 7250 0 8772 0 214715 0 0 0 LORNA HERNANDEZ JARVIS VP INSTITUTIONAL EQUITY & DIVERSITY 191689 0 0 0 0 0 11526 0 9851 0 213066 0 0 0 JAMES JASINSKI FACULTY 194932 0 0 0 0 0 3726 0 4816 0 203474 0 0 0 ROBERT KIEF AVP FOR FACILITIES SERVICES 164708 0 625 0 0 0 10456 0 21371 0 197160 0 0 0 JANET S HALLMAN '84 AVP FOR FINANCIAL PLANNING & ANALYSI 146555 0 625 0 0 0 8970 0 10249 0 166399 0 0 0 JUSTINE LEVESQUE AVP FOR FINANCE 140021 0 625 0 0 0 9097 0 15912 0 165655 0 0 0 LAURA BEHLING FORMER PROVOST 131361 0 625 0 0 0 13712 0 9657 0 155355 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: THE PRESIDENT IS THE ONLY POSITION REPORTED ON THE FORM 990 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 THEY ARE 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 THEIR BEST PERFORMANCE REPRESENTING AND SEEKING FUNDING FOR THE UNIVERSITY DURING OFTEN GRUELING TRAVEL ITINERARIES FOR MEETINGS FREQUENTLY CRITICAL TO THE INSTITUTION'S WELL-BEING. THIS ACCOMMODATION WAS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS IN THE UNIVERSITY-OWNED PRESIDENT'S RESIDENCE WHERE THEY REGULARLY HOLD 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 CONSIDERED A TAXABLE BENEFIT TO THE PRESIDENT. AS REQUIRED BY IRS FORM 990, THE VALUE OF THE PORTION OF THE RESIDENCE USED BY THE PRESIDENT FOR PERSONAL LIVING QUARTERS HAS BEEN ESTIMATED AND IS INCLUDED IN THE AMOUNTS REPORTED ON FORM 990, SCHEDULE J, PART II, COLUMN (D). HEALTH CLUB MEMBERSHIP: THE PRESIDENT'S HEALTH CLUB MEMBERSHIP IS PAID BY THE UNIVERSITY AND REPORTED AS TAXABLE COMPENSATION. PERSONAL SERVICES: THE UNIVERSITY PAYS FOR THE PRESIDENT'S HOUSE CLEANING SERVICES. PART I, LINES 4A-B LINE 4A: ALLISON CANNADY-SMITH, $105,000 LINE 4B: IN 2023, ISIAAH CRAWFORD, KIM KVAAL, VICTOR MARTIN, JOANNA CLEVELAND, AND LORNA HERNANDEZ JARVIS PARTICIPATED IN A 457(F) SUPPLEMENTAL RETIREMENT PLAN SUBJECT TO FUTURE VESTING. ISIAAH CRAWFORD, KIM KVAAL, VICTOR MARTIN, AND JOANNA CLEVELAND WERE APPROVED FOR A $100,000, $18,900, $17,600, AND $15,500 CONTRIBUTION TO THEIR 457(F) ACCOUNTS IN 2023. NO OTHER CONTRIBUTIONS WERE RECEIVED IN 2023 OTHER THAN EARNINGS ON UNVESTED BALANCES. PART II: OTHER REPORTABLE COMPENSATION UNDER COLUMN B(III) INCLUDES TAXABLE OPTIONAL LIFE INSURANCE, VESTED 457(F) DEFERRED COMPENSATION ACCUMULATION, FACULTY EARLY RETIREMENT, RELOCATION COSTS, AND CAREER CHANGE PLAN DISTRIBUTIONS, AS APPLICABLE TO EACH INDIVIDUAL. COLUMN (C) RETIREMENT AND OTHER DEFERRED COMPENSATION INCLUDES 403(B) RETIREMENT CONTRIBUTIONS, UNVESTED 457(F) DEFERRED COMPENSATION, AND THE ATTRIBUTED INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE FACULTY EARLY RETIREMENT AND CAREER CHANGE PLAN AND POST-RETIREMENT MEDICAL BENEFITS PLAN, AS APPLICABLE TO EACH INDIVIDUAL. COLUMN (D) NONTAXABLE BENEFITS INCLUDE EMPLOYER AND EMPLOYEE PRE-TAX CONTRIBUTIONS TO MEDICAL INCLUDING FACULTY POST-RETIREMENT MEDICAL, DENTAL, DISABILITY, AND LIFE INSURANCE BENEFITS, DEPENDENT TUITION BENEFITS, AND PERSONAL PORTION OF EMPLOYER PROVIDED HOUSING AS A REQUIREMENT OF EMPLOYMENT, AS APPLICABLE FOR EACH INDIVIDUAL. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY (WHEFA) 911306482 2022-07-22 35600000 REFUND OUTSTANDING WHEFA 2012A BOND 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY (WHEFA) 911306482 9397816C9 2023-09-06 27025000 REFUND OUTSTANDING WHEFA 2021A BOND 0 0 0 A 1530000 35600000 35600000 2021 0 1 1 1 B 27025000 384605 26640395 2003 1 0 1 1 A 0 0 0 1 1 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 1 1 0.00000 0.00000 0.00000 0 0 1 A 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 47341 MERIT SCHOLARSHIP STUDENT AID X 21 402195 MARKET VALUE X OTHER MISC 5 6963 ESTIMATED FMV 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT A COMBINATION OF THE NUMBER OF ITEMS RECEIVED AND THE NUMBER OF CONTRIBUTIONS RECEIVED. FOR PUBLICLY TRADED SECURITIES, THE NUMBER REPRESENTS EACH GIFT OF STOCK AND NOT THE NUMBER OF SHARES RECEIVED. PART I, LINE 32B: THE UNIVERSITY UTILIZES THIRD PARTIES, SUCH AS BROKERS, AUCTIONEERS, OR DEALERS, TO ASSIST IN COST-EFFECTIVE LIQUIDATION OF SECURITIES AND REAL AND TANGIBLE PROPERTY, AS APPROPRIATE, AND TO MAXIMIZE THE NET GIFT RECEIVED. THE UNIVERSITY HAS NO RELATED ORGANIZATION WHICH PERFORMS THIS FUNCTION. FORM 990, PART VI, SECTION A, LINE 2 ROBERT POHLAD AND CHRISTOPHER POHLAD HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B 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 AND REVIEWED BY AN OUTSIDE CPA FIRM FROM AUDITED FINANCIAL STATEMENT DATA OR FROM DATA PROVIDED BY UNIVERSITY PERSONNEL RESPONSIBLE FOR PREPARING OR MAINTAINING SUCH INFORMATION. THE FORM AND REQUIRED SCHEDULES ARE SUBJECTED TO THREE ADDITIONAL LEVELS OF REVIEW BEFORE THEY ARE FILED WITH THE IRS. TWO NON-TRUSTEE FINANCIAL OFFICERS, THE ASSOCIATE VICE-PRESIDENT FOR FINANCE, AND THE CHIEF FINANCIAL OFFICER, REVIEW THE FORM AND REQUIRED SCHEDULES AGAINST SUPPORTING SOURCE DOCUMENTATION AND/OR OTHER INFORMATION. THE FORM 990 AND REQUIRED SCHEDULES, ALONG WITH INTERPRETIVE COMMENTARY ARE PROVIDED TO EACH VOTING MEMBER OF THE UNIVERSITY'S BOARD OF TRUSTEES. 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 ALSO 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. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS INCLUDED IN BOARD MATERIALS FOR NEW TRUSTEES, AND THE CONFLICT OF INTEREST PROCESS IS INCLUDED IN THE BOARD'S BYLAWS. ANNUALLY THE SECRETARY REMINDS TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE POLICY IN WRITING AND SOLICITS THEIR COMPLETION OF THE CONFLICT OF INTEREST QUESTIONNAIRE. RESPONSES TO THE CONFLICT OF INTEREST QUESTIONNAIRE ARE PROVIDED TO THE DIRECTOR OF FINANCE WHO WORKS WITH THE SECRETARY TO ASSURE ALL QUESTIONNAIRES ARE COMPLETED AND REPORTED CONFLICTS ADDRESSED (IF ANY). ANY CONFLICTS THAT AFFECT A TRUSTEE'S ABILITY TO PARTICIPATE OR VOTE ON A MATTER ARE DISCLOSED TO THE BOARD OR COMMITTEE AND THE RECUSAL IS REFLECTED IN THE MEETING MINUTES. THE UNIVERSITY OF PUGET SOUND FILES AN INFORMATIONAL RETURN (FORM 990) ANNUALLY WITH THE INTERNAL REVENUE SERVICE (IRS) AND AN ANNUAL RETURN/REPORT OF EMPLOYEE BENEFIT PLAN (FORM 5500) WITH THE DEPARTMENT OF LABOR. AS PART OF THESE FILINGS, WE REPORT CERTAIN INFORMATION ABOUT INDIVIDUALS WITH WHOM PUGET SOUND HAD A RELATIONSHIP, AND TRANSACTIONS THE INDIVIDUAL MAY HAVE WITH SPECIFIED PARTIES DURING THE FISCAL YEAR. 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; AND 3) THE AUTHORIZED BODY ADEQUATELY DOCUMENTS THE BASIS FOR ITS DETERMINATION REGARDING COMPENSATION ARRANGEMENTS CONCURRENTLY WITH MAKING THE DECISION. OFFICER AND KEY EMPLOYEE COMPENSATION REVIEWS ARE DONE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS OF THE UNIVERSITY ARE AVAILABLE ON THE WEBSITE AND A PAPER FORMAT IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 2,322,560. ACTUARIAL ADJUSTMENTS -2,075,992. SPLIT INTEREST INCOME ADJUSTMENT 257,755. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES -247,000. SWAP TERMINATION COSTS -2,240,000. RAINIER HEIGHTS HOLDINGS LLC 101 E 8TH ST SUITE 330G VANCOUVER WA 986603286 853120181 ACCEPT, MANAGE, AND LIQUIDATE REAL ESTATE WA 0 5873089 THE UNIVERSITY OF PUGET SOUND NORTHWEST ACADEMIC COMPUTING CONSORTIUM INC PO BOX 9128 PORTLAND OR 97207 841172799 PROMOTE THE DEVELOPMENT AND USE OF ADVANCED TECHNOLOGY OR 501(C)(3) 11A TYPE 1 N/A 0 CHARITABLE REMAINDER TRUSTS (11) BENEFICIAL INTEREST WA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1