2026-05-15T16:06:55-07:00 2025-06-30 911194016 Clark Nuber PS 10900 NE 4th Street Suite 1400 Bellevue WA 98004 990 2024-07-01 910565006 SEATTLE UNIVERSITY SEAT 2062966150 901 12th Avenue Seattle WA 981221090 Chris Malins VP and CFO 2062966150 2026-05-15 1 1 Sara Elizabeth H Jones P00235495 4254544919 2026-05-15 2024 2025-03-06 01:10:19Z Eduardo M Penalver 901 12th Avenue Seattle WA 981221090 654269688 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. 34 32 4121 49 0 0 108178550 147598091 341886730 354346946 4338504 17817951 706685 748880 455110469 520511868 132898280 136582265 0 0 184489438 193702655 0 0 5602475 82897488 87241328 400285206 417526248 54825263 102985620 971466289 1107131106 205451174 215046760 766015115 892084346 X Seattle University is dedicated to educating the whole person, to professional formation, and to empowering leaders for a just and humane world. 1 1 354513629 136582265 354346946 Founded in 1891, Seattle University is a Jesuit, Catholic university located on a beautiful campus of more than 55 acres in the dynamic heart of Seattle. Our diverse and inclusive campus is comprised of more than 7,100 students enrolled in undergraduate and graduate programs within six schools and colleges. In the 2024-25 academic year, Seattle University awarded 1089 bachelor's degrees or equivalents, 137 post-baccalaureate certificates, 748 master's degrees, 1 post-master's certificates, and 286 doctoral degrees. Awards and high rankings for academic rigor, sustainability, community service and social justice are among the university's touchstones of excellence. SU ranks among the top universities for its academics, student-centered teaching, Community Engaged Learning and leadership in sustainability. It ranked in the Top 16 percent of universities nationally-and #23 in the West-in the Wall Street Journal/Times Higher Education College Ranking 2021. The Princeton Review continues to recognize the university as one of the best colleges in the nation for undergraduate education, according to its Best Colleges guide. Additionally, Seattle University is well represented in the 2022-2023 undergraduate and graduate rankings from U.S. News & World Report's "Best National Universities" rankings. Three Seattle University colleges rank highly and above many of its peers nationally, specifically in areas of business, nursing, computer science and engineering. The Albers School of Business and Economics ranks as the 4th best undergraduate business college in Washington and within the top three in the state in the specialty areas of analytics (#1), finance (#2) and accounting (#3). The College of Nursing ranks as the 4th best nursing college in Washington. The university's fastest growing college, the College of Science and Engineering, ranks 2nd in Washington among engineering departments not offering doctorates. In computer science, Seattle University ranks in the top one-third in the state. College Factual's 2025 rankings place Seattle University in the Top 2 of all Washington schools and in the Top 15 percent nationally. Among Seattle University's academic programs, College Factual ranked many in the top 15 percent or better nationally, including undergraduate programs in public administration, nursing, social work, marketing, computer and information sciences, accounting, biochemistry and business administration. On the graduate level: education, special education, criminal justice, clinical counseling and business management and marketing. The university is featured in the Fiske Guide to Colleges 2022 edition. The selective guide highlights the "best and most interesting schools" in the U.S., noting in reference to SU "Jesuit tradition guarantees a nurturing environment and student growth both academically and in community service." Seattle University is recognized by the 2021-22 Colleges of Distinction for its commitment to engaged, experiential education. Colleges of Distinction universities set themselves apart through a dedicated focus on the undergraduate experience. Seattle University has excelled at having students graduate and enter the workforce with solid, well-developed critical thinking skills as well as the ability to adapt in an ever-changing society. Seattle University also received specialized recognition for its business, education, engineering and nursing academic programs and for its work in career development, equity and inclusion and support for veterans. The national honor society Phi Theta Kappa has recognized SU among four-year institutions for its work to attract and support transfer students. SU was the only university in the Pacific Northwest and one of only two on the West Coast to be included in the 2018 "Transfer Honor Roll." Seattle University students have a strong track record of achieving academic honors, including two Rhodes Scholars, many Truman Scholars, Udall Scholars and Fulbright recipients. The university is among the most elite schools in the country for the number of Truman Scholars it produces, a total of 16 to date. On the Athletics side, the university continues its run of strong performances in the institutional Graduation Success Rate (GSR), according to 2019 data released by the NCAA. As a department, Athletics compiled a 94 percent GSR, while seven teams tallied perfect scores in the metric. The university has tallied at least a 93 percent in every report since 2008. The university consistently receives top national honors for community service. The White House bestowed its highest honor on SU in 2012 in recognition of civic engagement, service learning and volunteerism and the university was named to the President's Higher Education Community Service Honor Roll, with distinction. When it comes to community engaged learning, SU was #5 in the nation in U.S. News & World Report's "Best Colleges 2020" rankings. Two out of three students serve the community or take a service-oriented course, above the national average. A major focus of service is the Sundborg Center for Community Engagement, which connects students, faculty and staff with schools and community partners to improve the academic achievement of low-income youth living in the neighborhood surrounding campus. On the environmental front, Seattle University is a national leader in sustainability programs and practices. It was ranked #2 nationally among universities for its sustainability curriculum in the Association for the Advancement of Sustainability in Higher Education (ASHE) 2019 Sustainable Campus Index and #4 nationally as an overall top performer among master's institutions. SU achieved a Gold rating for sustainability from the AASHE 2019 Sustainability Tracking, Assessment & Rating SystemTM (STARS). And the university continued its run of top rankings for sustainability by once again being named a Sierra "Cool School" for 2021. It placed #14-the top 4 percent overall-among 328 colleges and universities that participated in the latest survey of sustainability practices. SU is the only university in the Northwest to place in the top group. The university is in the Top 20 (#16) in The Princeton Review's 2021 Green Honor Roll of the Top 50 colleges that earned the highest scores by the publication for their sustainability efforts. In 2015, it became a Fair Trade Designated university. The campus has been maintained organically and without pesticides or herbicides since 1998. Nearly 69 percent of campus waste is recycled, reused or composted. The onsite composting facility annually turns 178,000 pounds of pre-consumer food waste into compost, which is reused on campus to improve soil quality. In 2010, SU became the first higher education institution in the state to ban the sale and distribution of plastic bottled water. 0 0 0 354513629 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 1 9634 0 4121 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA WA X Christopher Malins 2062966150 901 12th Avenue Seattle WA 981221090 Eduardo Penalver President and Board Member 37.5 0 X X 822488 0 34834 Shane Martin Provost 37.5 0 X 479075 0 43711 Anthony Varona Dean, School of Law 37.5 0 X 371431 0 41197 Christopher Malins Vice President and Chief Financial Officer 37.5 0 X 353356 0 34642 Charles O'Kelley Professor, Law 37.5 0 X 340347 0 43768 Christopher Victor Head Coach, Men's Basketball 37.5 0 X 329221 0 52241 Joseph Phillips Dean, Albers Sch of Bus and Econ 37.5 0 X 329374 0 36762 Edgardo Gonzalez VP, Advancement Services 37.5 0 X 313231 0 52140 Mary Petersen VP and University Counsel; Corp Secretary 37.5 0 X 312714 0 44815 Melore Nielsen Vice Provost for Enrollment Management 37.5 0 X 265038 0 82510 Butch de Castro Dean, College of Nursing 37.5 0 X 298156 0 40389 Christopher Van Liew Vice President for Strategic Initiatives 37.5 0 X 256418 0 78408 Brooke Coleman Professor, Law 37.5 0 X 289497 0 42250 Amit Shukla Dean, College of Science and Engineering 37.5 0 X 281801 0 41266 Sharon Fink Director of Athletics 37.5 0 X 269122 0 46509 Steven Bender Professor, Law 37.5 0 X 263405 0 38456 Cynthia Dillard Dean, College of Education 37.5 0 X 254642 0 40148 Jerron Lowe Vice President, Human Resources 37.5 0 X 265680 0 28916 Deirdre Bowen Associate Professor, Law 37.5 0 X 258691 0 35642 Alvin Sturdivant Vice Provost for Student Development 37.5 0 X 257821 0 35115 Travis Nation Vice Provost and Chief Information Officer 37.5 0 X 250381 0 34604 Laura Spitz Vice Provost of Global Engagement 37.50 0.00 X 250483 0 34191 Monica Ingram Vice Provost for Enrollment Management 37.5 0 X 253342 0 22152 David Powers Former Dean, College of Arts and Sciences 37.5 0 X 243512 0 24744 Natasha Martin Vice President for Diversity and Inclusion 37.5 0 X 219282 0 35493 Scott McClellan Vice President for University Affairs 37.5 0 X 207836 0 42109 Catherine Punsalan-Manlimos Vice President of Mission Integration 37.5 0 X 201596 0 34497 Sarah Watstein Dean, Lemieux Library 37.5 0 X 193914 0 27109 David Lance Associate Provost and Chief of Staff 37.5 0 X 185571 0 0 James Willette Vice Provost for Student and Campus Life 37.5 0 X 160352 0 0 Arturo Araujo SJ Assoc Professor, Art & Art History; Board Member 37.50 0 X 87098 0 0 Eric Watson SJ Assoc Professor, Chemistry; Board Member 0.5 0 X 82820 0 0 Robert Grimm SJ Counselor, Jesuit, and Board Member 37.50 0 X 52208 0 0 Paul Fitzgerald SJ Board Member 0.5 0 X 1850 0 0 Patrick Kennedy Board Member 0.5 0 X 652 0 0 Kathleen Aikenhead Board Member 0.5 0 X 0 0 0 Ann Alokolaro Board Member 0.5 0 X 0 0 0 Fernando Alvarez-Lara SJ Board Member 0.5 0 X 0 0 0 Ann Blume Board Member 0.5 0 X 0 0 0 Maureen Brotherton Board Member 0.5 0 X 0 0 0 Laury Bryant Board Member 0.5 0 X 0 0 0 David Burcham Board Member 0.5 0 X 0 0 0 Patrick Callans Board Chair 0.50 0.00 X X 0 0 0 Brenda Christensen Board Member 0.50 0.00 X 0 0 0 Anita Crawford-Willis Board Member 0.5 0 X 0 0 0 Melvin Flowers Board Member 0.5 0 X 0 0 0 Michelle Galvin Board Member 0.5 0 X 0 0 0 Valerie Gorder Board Member 0.5 0 X 0 0 0 Russell Hagen Board Member 0.5 0 X 0 0 0 Drew Herdener Board Member 0.5 0 X 0 0 0 Richard Jones Board Member 0.5 0 X 0 0 0 Steve Knight Board Member 0.5 0 X 0 0 0 Tod Leiweke Board Member 0.5 0 X 0 0 0 Joe Manca Board Member 0.5 0 X 0 0 0 Jason Oliver Board Vice Chair 0.5 0 X X 0 0 0 Charles Porter Board Member 0.5 0 X 0 0 0 Mala Raman Board Member 0.5 0 X 0 0 0 Fred Rivera Board Member 0.5 0 X 0 0 0 David Rothrock Board Member 0.5 0 X 0 0 0 Ryan Sawyer Board Member 0.5 0 X 0 0 0 Lucas Sharma SJ Board Member 0.5 0 X 0 0 0 Ana White Board Member 0.5 0 X 0 0 0 Ezra Teshome Board Member 0.5 0 X 0 0 0 Ruth Tressel Board Member 0.5 0 X 0 0 0 John Vassall II Board Member 0.5 0 X 0 0 0 Xiujuan Eva Zhao Board Member 0.5 0 X 0 0 0 9002405 0 1148618 416 1 1 0 Arthur J Gallagher Risk Mgt 777 108th Ave NE Ste200 Bellevue WA 98004 Risk management 2884093 HES Intermediate Holdings LLC WFF Facilitie Svc LLC Knoxville TN 37922 Facilities maintenance 1883226 Olson Kundig Inc and Subsidiary 159 S Jackson St Suite 600 Seattle WA 98104 architectural services 1261193 Premier Field Development Inc 207 Cedar Avenue Snohomish WA 98290 Construction 1018302 Bon Appetit Management Company P0 Box 417632 Boston MA 022417632 food service 988411 83 0 0 233675 0 9216602 138147814 89368253 147598091 Tuition and Fees 611310 326975776 326975776 0 0 Auxiliary Expenses 611310 19032302 19032302 0 0 8338868 8338868 0 0 354346946 9488672 0 0 9488672 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 141867205 0 133537926 0 8329279 0 8329279 0 0 8329279 169528 233674 219894 -50366 0 -50366 0 0 0 0 0 0 0 0 0 0 0 0 Indirect cost recoveries 611310 799246 0 0 799246 0 0 0 0 799246 520511868 354346946 0 18566831 0 0 135363153 135363153 1219112 1219112 0 0 6964510 4133908 2830602 0 285361 285361 0 0 140626860 115800730 21118873 3707257 11957250 9686991 1957489 312770 23085929 18703665 3775504 606760 10782745 8676759 1823938 282048 0 0 0 0 241227 58828 182399 0 494219 0 494219 0 14578 0 14578 0 0 0 2440162 0 2440162 0 10775781 8154268 2311536 309977 3063264 2236343 785892 41029 1989198 1445602 429373 114223 6343523 4278473 1979481 85569 0 0 0 0 10794663 9154624 1639378 661 4562628 4302278 242963 17387 0 0 0 0 3137393 2525819 544387 67187 5418399 4557728 860671 0 0 0 0 0 20029416 14211722 5817694 0 2476431 142808 2333623 0 Supplies 3963474 3576053 363427 23994 Retail services 6903603 5952865 941601 9137 4593369 46539 4522354 24476 417526248 354513629 57410144 5602475 10285533 8086429 66299173 75459526 86053235 12554936 14897580 24846620 0 0 0 0 2168274 1870821 91915 91915 2500234 5909137 818837400 304615067 403702895 514222333 120135633 171915428 210763781 249690182 0 0 0 0 54568036 42483779 971466289 1107131106 18378872 21584393 0 0 19961941 20051632 147768128 142563997 984745 1020883 0 0 0 0 0 0 18357488 29825855 205451174 215046760 X 412478854 513592682 353536261 378491664 766015115 892084346 971466289 1107131106 102985620 23083611 0 0 0 0 X 0 1 X 1 1 1 X 72221589 46097494 25551772 108178550 147598091 399647496 0 0 0 0 0 0 0 0 0 0 0 0 72221589 46097494 25551772 108178550 147598091 399647496 143967463 255680033 1390242 3532219 7188580 11388484 9488672 32988197 0 0 0 0 0 0 0 0 0 0 0 0 432635693 1624211429 0.59098 0.64739 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 14578 0 0 14578 0 Schedule C, Part II-B, Line 1 The University pays membership dues to organizations that engage in some lobbying activities. The amount disclosed in line 1g includes $14,578.08 of dues attributable to lobbying activities. 0 0 X X X 0 0 1 X 318305000 29359810 37175886 0 14362990 0 370477706 297798719 7751705 25899019 0 13144443 0 318305000 284644863 3516488 23544675 0 13907307 0 297798719 311296767 20231855 -35092220 0 11791539 0 284644863 238888056 14987877 67919311 0 10498477 0 311296767 0.214 0.2015 0.5845 0 0 0 138722469 138722469 0 552355142 216929000 335426142 0 9876686 6655646 3221040 0 52155193 30105499 22049694 0 65727910 50924922 14802988 514222333 0 0 Collective Investments 249690182 F 249690182 Assets Held Under Split-Interest Agreements 9953261 Construction In Progress 6916616 Funds Held In Trust By Others 2397410 Right-of-Use Assets 23216492 42483779 0 Asset retirement obligation 583998 Lease liabilities 23586621 Liabilities under split interest agreements 5026089 Unrealized loss on int. rate swap agreement 46162 US Government loans 582985 29825855 X 402017175 23083611 0 0 -141719503 -118635892 520653067 0 -141199 -141199 520511868 275947945 0 0 0 141199 141199 275806746 2440161 139279341 141719502 417526248 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 catalogued, 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 statements of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions 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 classes. No collection items were deaccessioned in the year ended June 30, 2024 or 2025. Schedule D, Part III, Line 4 The artifacts in the University's collections are used for instructional and research purposes. Schedule D, Part IV, Line 2b The University receives cash deposits on behalf of various student clubs. Funds are disbursed on behalf of those clubs for various purposes such as printing, mailing, audio/visual equipment rentals, and catering. Schedule D, Part V, Line 4 The University invests endowment funds 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. Schedule D, Part X, Line 2 The University has considered the impact of ASC 740, Implementation Guidance on Accounting 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 these positions. Schedule D, Part XI, Line 2d For financial statement purposes, the University deducts student aid expense of (136,582,268) from gross tuition and fees to derive net tuition and fees and includes (2,697,077) of uncapitalized non-operating expense in non-operating items. (2,440,161) of investment fees are included in non-operating items for financial statement purposes. Schedule D, Part XI, Line 4b Direct expense from fundraising events (-219,894) classified as functional expense per audited financial statements. Value of donated auction items (78,695) included in revenue and non-operating items per audited financial statements. Schedule D, Part XII, Line 2d alue of donated auction items (78,695) included in revenue and non-operating items per audited financial statements. Direct expense from fundraising events (-219,894) classified as functional expense per audited financial statements. Schedule D, Part XII, Line 4b For financial statement purposes, the University deducts student aid expense (136,582,265) from gross tuition and fees to derive net tuition and fees. And uncapitalized non-operating expense (-2,697,077) is included in revenue and non-operating items on the audited financial statements. 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's Nondiscrimination Policy is prominently displayed on its public website and in all brochures, publications, and catalogs dealing with student admissions, programs, and scholarships. Schedule E, Part I, Line 6 The University receives federal, state, and foundation grants for academic activities, research, student financial aid, student loans, and work study programs. 1 Central America and the Caribbean 0 0 Investments Investments 16871198 East Asia and the Pacific 0 0 Investments Investments 11248859 Europe (including Iceland and Greenland) 0 0 Investments Investments 4097636 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad 365592 Central America and the Caribbean 0 0 Program Services Study Abroad 172304 South America 0 0 Grantmaking Student Financial Aid 70871 East Asia and the Pacific 0 0 Grantmaking Student Financial Aid 87143 South Asia 0 0 Grantmaking Student Financial Aid 8083 Sub-Saharan Africa 0 0 Grantmaking Student Financial Aid 71266 Central America and the Caribbean 0 0 Grantmaking Student Financial Aid 17734 Europe (including Iceland and Greenland) 0 0 Grantmaking Student Financial Aid 942239 Middle East and North Africa 0 0 Grantmaking Student Financial Aid 21776 0 0 33974701 Scholarship, Grants, and Loans South America 5 0 NA 70871 Student Financial Aid Book Scholarship, Grants, and Loans East Asia and the Pacific 7 0 NA 87143 Student Financial Aid Book Scholarship, Grants, and Loans South Asia 1 0 NA 8083 Student Financial Aid Book Scholarship, Grants, and Loans Sub-Saharan Africa 2 0 NA 71266 Student Financial Aid Book Scholarship, Grants, and Loans Central America and the Caribbean 2 0 NA 17734 Student Financial Aid Book Scholarship, Grants, and Loans Europe (including Iceland and Greenland) 72 0 NA 942239 Student Financial Aid Book Scholarship, Grants, and Loans Middle East and North Africa 5 0 NA 21776 Student Financial Aid Book 1 0 1 0 1 0 Schedule F, Part I, Line 2 Financial aid is awarded to students and applied directly to a student's account while the student is enrolled at the university. O'Brien Open 2024 52040 34040 18000 0 0 20087 9252 0 359 Meet the Redhawks 2025 116495 79875 36620 0 0 0 22746 0 31436 2 234668 119760 114908 0 0 0 52541 12500 70973 403203 233675 169528 0 0 20087 84539 12500 102768 219894 -50366 1 Grants & scholarships funded by institutional funds 5131 0 124634672 Book Student financial aid Grants & scholarships funded by grants from private & governmental institutions 1151 0 3769674 Book Student financial aid Grants & scholarships funded by gifts from private donors 762 0 3959869 Book Student financial aid Grants & scholarships funded by endowments 474 0 2998937 Book Student financial aid 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 0 0 0 0 0 0 0 0 0 Eduardo Penalver President and Board Member 658088 0 0 0 164400 0 34500 0 334 0 857322 0 0 0 Shane Martin Provost 449075 0 0 0 30000 0 34500 0 9211 0 522786 0 0 0 Anthony Varona Dean, School of Law 371431 0 0 0 0 0 34500 0 6697 0 412628 0 0 0 Christopher Malins Vice President and Chief Financial Officer 353356 0 0 0 0 0 34500 0 142 0 387998 0 0 0 Charles O'Kelley Professor, Law 340347 0 0 0 0 0 34365 0 9403 0 384115 0 0 0 Joseph Phillips Dean, Albers Sch of Bus and Econ 329374 0 0 0 0 0 33240 0 3522 0 366136 0 0 0 Christopher Victor Head Coach, Men's Basketball 329221 0 0 0 0 0 32442 0 19799 0 381462 0 0 0 Edgardo Gonzalez VP, Advancement Services 313231 0 0 0 0 0 33216 0 18924 0 365371 0 0 0 Mary Petersen Former VP and University Counsel; Corp Secretary 312714 0 0 0 0 0 32486 0 12330 0 357530 0 0 0 Butch de Castro Dean, College of Nursing 298156 0 0 0 0 0 30881 0 9507 0 338544 0 0 0 Brooke Coleman Professor, Law 289497 0 0 0 0 0 29733 0 12518 0 331748 0 0 0 Amit Shukla Dean, College of Science and Engineering 281801 0 0 0 0 0 11345 0 334 0 293480 0 0 0 Sharon Fink Director of Athletics 269122 0 0 0 0 0 27585 0 18924 0 315631 0 0 0 Jerron Lowe Vice President for Human Resources 265680 0 0 0 0 0 27636 0 1279 0 294595 0 0 0 Melore Nielsen Vice Provost for Enrollment Management 230211 0 0 0 34827 0 27884 0 54626 0 347548 0 0 0 Steven Bender Professor, Law 263405 0 0 0 0 0 26110 0 12346 0 301861 0 0 0 Deirdre Bowen Associate Professor, Law 258691 0 0 0 0 0 24566 0 11076 0 294333 0 0 0 Alvin Sturdivant Vice Provost for Student Development 257821 0 0 0 0 0 25887 0 9228 0 292936 0 0 0 Christopher Van Liew Vice President for Strategic Initiatives 223383 0 0 0 33035 0 26449 0 51959 0 334826 0 0 0 Cynthia Dillard Dean, College of Education 254642 0 0 0 0 0 25530 0 14619 0 294791 0 0 0 Travis Nation Vice Provost and Chief Information Officer 250381 0 0 0 0 0 25376 0 9228 0 284985 0 0 0 Laura Spitz Vice Provost of Global Engagement 250483 0 0 0 0 0 25312 0 8878 0 284673 0 0 0 Monica Ingram Vice Provost for Enrollment Management 253342 0 0 0 0 0 13069 0 9084 0 275495 0 0 0 David Powers Former Dean, College of Arts and Sciences 243512 0 0 0 0 0 24409 0 334 0 268255 0 0 0 Natasha Martin Vice President for Diversity and Inclusion 219282 0 0 0 0 0 23147 0 12346 0 254775 0 0 0 Scott McClellan Vice President for University Affairs 207836 0 0 0 0 0 22310 0 19799 0 249945 0 0 0 Catherine Punsalan-Manlimos Vice President of Mission Integration 201596 0 0 0 0 0 21115 0 13382 0 236093 0 0 0 Sarah Watstein Dean, Lemieux Library 193914 0 0 0 0 0 20144 0 6965 0 221023 0 0 0 David Lance Associate Provost and Chief of Staff 185571 0 0 0 0 0 19419 0 9413 0 214403 0 0 0 James Willette Vice Provost for Student and Campus Life 160352 0 0 0 0 0 16508 0 8282 0 185142 0 0 0 Schedule J, Part I, Line 1a The University paid $6,961.48 in club dues for certain officers and other employees for business-related purposes as follows: The Rainier Club: $6,735.37 for Eduardo Penalver; The University Club of Seattle: $145 for Eduardo Penalver; The University Club of Seattle: $81.11 for Stephen V Sundborg. The University paid $190,400 in housing allowances as follows: Eduardo Penalver $160,400, Shane Martin $30,000 A Washington Higher Education Facilities Authority 911306482 939781A26 2008-03-20 26595000 Refunding 0 0 0 B Washington Higher Education Facilities Authority 911306482 2015-09-11 54815000 Refunding 0 0 0 C Washington Higher Education Facilities Authority 911306482 939781X47 2017-12-27 41860000 Refunding 0 0 0 D Washington Higher Education Facilities Authority 911306482 9397813H1 2020-07-02 60000000 Refunding 0 0 0 A 21310000 0 26595000 0 0 0 373275 0 0 0 26221275 0 2008 1 0 1 1 B 20474000 0 54815000 0 0 0 510476 0 0 0 54304524 0 2015 1 1 1 1 C 0 0 41860000 0 0 0 430249 0 0 0 41429751 0 2017 1 1 1 1 D 2590000 0 60000000 0 0 0 349810 0 0 0 59650190 0 2020 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 0 0 0 1 1 1 Bank of New York 2.9 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part IV, Line 2c-03/20/2008 26,595,000 Washington Higher Education Facilities Authority 26,595,000 Washington Higher Education Facilities Authority - All rebate has been paid. Schedule K, Part IV, Line 2c-09/11/2015 54,815,000 Washington Higher Education Facilities Authority 54,815,000 Washington Higher Education Facilities Authority - All rebate has been paid. Schedule K, Part IV, Line 2c-12/27/2017 41,860,000 Washington Higher Education Facilities Authority 41,860,000 Washington Higher Education Facilities Authority - All rebate has been paid. Schedule K, Part IV, Line 2c-07/02/2020 60,000,000 Washington Higher Education Facilities Authority 60,000,000 Washington Higher Education Facilities Authority - All rebate has been paid. Yobi Apartments Ezra Teshome is an owner of Yobi Apts for university housing and served as Trustee during the year. 455661 Cash lease receipts 0 Sital Kalantry Sital Kalantry is married to President Eduardo Penalver 242961 Employment 0 X 3 33200 FMV X 53 89228718 FMV X Equipment, supplies, books 20 91190 FMV X Auction items 28 15145 FMV 0 0 1 0 Schedule M, Part I, Lines 25-28 The contributions of works of art represent the number of items contributed. The contributions of publicly traded securities represent the number of items contributed. The contributions of equipment represent the number of items contributed. Form 990, Part III, Line 2 On March 18, 2025, Seattle University ("the University) entered into an Asset Contribution Agreement ("Agreement") with Cornish College of the Arts ("Cornish") located in Seattle, Washington. The Agreement closed on June 2, 2025, after the completion of required conditions by both the University and Cornish. Upon closing, Cornish contributed substantially all of its assets to the University, and the University assumed certain Cornish liabilities. The transaction is a significant step for the University as it continues to elevate and enhance its arts education offerings for students. Form 990, Part III, Line 3 On March 18, 2025, Seattle University ("the University) entered into an Asset Contribution Agreement ("Agreement") with Cornish College of the Arts ("Cornish") located in Seattle, Washington. The Agreement closed on June 2, 2025, after the completion of required conditions by both the University and Cornish. Upon closing, Cornish contributed substantially all of its assets to the University, and the University assumed certain Cornish liabilities. The transaction is a significant step for the University as it continues to elevate and enhance its arts education offerings for students. Form 990, Part VI, Section A, Line 2 NA 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 Audit Committee of the Board met to review 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, Assistant Vice President for Finance and Controller, and University Counsel. Form 990, Part VI, Section B, Line 12c The Conflict of Interest Policy for Trustees is contained both the Bylaws of the University (Article III, Section 9) and in a Board of Trustees Conflict of Interest Policy adopted to enact this provision. 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 maintained on the University's Policies and Regulations website and is available to faculty and staff at all times. Upon identification of an actual or potential conflict of interest, as defined in the policy, the matter is reviewed and evaluated by designated University officials under the policy, 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. 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. Form 990, Part VI, Section B, Line 15 The University's process for determining compensation for the president, officers, and other key employees is set forth in the Board Policy on Review of Executive Compensation. The policy requires the Board to review the compensation of "Compensated Individuals." The policy defines "Compensated Individuals" as (i) the University's President, Chief Financial Officer, Provost/Chief Academic Officer, University Counsel, and Vice Presidents; and (ii) such other persons identified by the Executive Committee of the Board of Trustees ("Executive Committee") as exercising "substantial influence" over the affairs of the University and that the Executive Committee deems prudent to have their compensation be reviewed and approved. The policy requires review of Compensated Individuals' compensation upon their hiring, upon entering into a new agreement with the Compensated Individual, and upon a "material change" to an agreement with a Compensated Individual. Under the policy, The Executive Committee is required to rely on comparability data to determine that the Compensated Individual's compensation is reasonable. The Executive Committee is also required by the policy to consider all benefits, including but not limited to base salary, bonuses, retirement benefits, and deferred compensation. Additionally, the policy mandates that the Executive Committee consult with an attorney or tax professional prior to approving any remuneration in excess of $1 million or parachute payments. Lastly, the policy requires the compensation deliberations to be recorded contemporaneously. The compensation arrangements for the President was most recently reviewed in May 2024. 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. Seattle University Foundation 901 12th Avenue Seattle WA 98122 911130769 Fundraising WA 501(c)(3) Line 12a - Type I Seattle University 1 FORTISSIMO 1000 Lenora Street Seattle WA 98121 910916534 An accredited four year college offering baccalaureate degrees in the performing and visual arts. WA 501(c)(3) Line 2 Seattle University 1 Charitable Remainder Unitrusts (9) 900 Broadway Admin 120 Seattle WA 981224340 Investment WA Seattle University T 0 Charitable Remainder Annuity Trusts (1) 900 Broadway Admin 120 Seattle WA 981224310 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