2026-02-20T11:34:37-06:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-07-01 930386972 WILLAMETTE UNIVERSITY WILL 5033706710 900 STATE STREET SALEM OR 97301 ANNE GALLAGHER VP OF FINANCE & CFO 5033706710 2026-02-18 1 1 WENDY CAMPOS P00448102 5032421447 2026-02-16 2024 2025-03-06 01:10:19Z ANNE GALLAGHER 900 STATE STREET SALEM OR 97301 217119134 0 X WWW.WILLAMETTE.EDU X 1842 OR THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITY PREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING. 36 33 2057 455 654698 1770 17071748 18046052 142030180 152401458 1701162 2842253 2462272 2468630 163265362 175758393 72237253 81846267 0 0 70425990 69476527 53510 51118 4122666 47829694 45913581 190546447 197287493 -27281085 -21529100 537942266 552119279 157855268 153768288 380086998 398350991 X THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITY PREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING. 0 0 161560330 81762403 133015317 HIGHER EDUCATION - INSTRUCTION AND SUPPORT: 1,642 IN WILLAMETTE COLLEGE, 316 IN THE SCHOOL OF LAW, 112 IN THE ATKINSON GRADUATE SCHOOL OF MANAGEMENT, 28 IN THE SCHOOL OF COMPUTING AND INFORMATION SCIENCES, 69 IN A JOINT DEGREE PROGRAM, 413 IN PACIFIC NORTHWEST COLLEGE OF ART, AND 43 IN THE HALLIE FORD SCHOOL OF GRADUATE STUDIES (2,623 STUDENTS). 14425356 7421 19386141 HIGHER EDUCATION - AUXILIARY FUNCTIONS: INCLUDES ROOM & BOARD (FOR 1,235 STUDENTS) AND SUMMER CONFERENCES. 175985686 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 4260 0 1 2057 1 1 1 1 SP 0 0 0 1 1 0 0 0 0 0 0 X 36 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO MA MI OH OR SC X X SCOTT SCHAEFER 5033706710 900 STATE STREET SALEM OR 97301 X STEPHEN THORSETT PRESIDENT 40.00 X X 500509 0 162860 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER - 11/1/24 40.00 X X 246390 0 38973 ANNE GALLAGHER VP OF FINANCE & CFO 40.00 X X 175077 0 25182 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 LYNN RISTIG SECRETARY 1.00 X X 0 0 0 EVA KRIPALANI ASSISTANT SECRETARY - 06/30/2025 1.00 X X 0 0 0 BLYTHE BUTLER 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 CORTLANDT CUFFEE TRUSTEE 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 - 06/30/2025 1.00 X 0 0 0 JAMES CUNO TRUSTEE 1.00 X 0 0 0 JANELLE BOVELL TRUSTEE - 06/30/2025 1.00 X 0 0 0 JASMINE AMES ASSISTANT PROFESSOR, TRUSTEE 8.00 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 - 06/30/2025 1.00 X 0 0 0 JOSEPH HOFFMAN TRUSTEE 1.00 X 0 0 0 JULIE FILIZETTI TRUSTEE 1.00 X 0 0 0 KARYN RICHARDS-KUAN 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 - 06/30/2025 1.00 X 0 0 0 LAURIE DAY TRUSTEE 1.00 X 0 0 0 LINDA HUTCHINS 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 PATRICK WAITE TRUSTEE - 06/30/2025 1.00 X 0 0 0 ROBIN BRENA TRUSTEE 1.00 X 0 0 0 SEAN O'HOLLAREN 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 177257 0 17393 JENNIFER COLE DEAN OF PNCA 40.00 X 218573 0 73778 CAROL LONG PROVOST & SENIOR VICE PRESIDENT 40.00 X 250701 0 35440 JEFFREY DOBBINS INTERIM DEAN SCHOOL OF LAW 40.00 X 197465 0 74716 RUTH FEINGOLD DEAN OF WILLAMETTE COLLEGE 40.00 X 222615 0 38208 LISA LANDREMAN VP FOR STUDENT AFFAIRS 40.00 X 186533 0 26708 SHELBY RADCLIFFE VICE PRESIDENT FOR ADVANCEMENT 40.00 X 272564 0 30658 SHANA SECHRIST VICE PRESIDENT & GENERAL COUNSEL 40.00 X 240978 0 50239 ROMANA AUTREY INTERIM DEAN ATKINSON GRAD SCHOOL OF MANAGEMENT 40.00 X 224928 0 50236 WILLIAM MULLEN VP FOR ENROLLMENT MANAGEMENT 40.00 X 239870 0 28596 JAMESON WATTS DEAN SCHOOL OF COMPUTING & INFO SCIENCE 40.00 X 207196 0 42464 3360656 0 695451 134 0 1 0 COMPASS GROUP USA PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 5686383 MACDONALD-MILLER FACILITY SOLUTIONS LLC PO BOX 509017 SAN DIEGO CA 92150 CONSTRUCTION 5680325 AMERICA CLEANING SOLUTIONS INC PO BOX 66681 PORTLAND OR 97290 JANITORIAL 1661290 GLOBAL ENDOWMENT MANAGEMENT 224 W TREMONT AVENUE CHARLOTTE NC 28203 INVESTMENT MANAGEMENT 1608634 SIEMENS INDUSTRY INC 300 NEW JERSEY AVENUE STE 1000 WASHINGTON DC 20001 INFORMATION TECHNOLOGY 1304577 27 5903436 12142616 4930081 18046052 TUITION AND FEES 611310 133015317 133015317 ROOM AND BOARD FEES 721310 18721504 18721504 AUXILIARY INCOME 611710 664637 664637 152401458 1612263 645240 967023 126202 0 126202 126202 126202 42018731 572000 41154329 206412 864402 365588 1229990 1229990 PARKING 812930 443074 9458 433616 FOOD SERVICE 900099 400000 400000 TRUST DISTRIBUTIONS 525990 227338 227338 1272016 1272016 2342428 175758393 152401458 654698 4656185 83864 83864 80492795 80492795 1269608 1269608 2834814 841611 1849777 143426 45802 45802 51708985 43911510 5440584 2356891 2754232 2340372 289101 124759 8046832 6840655 823734 382443 4085862 3424539 484596 176727 129905 19828 82480 27597 193968 11000 182968 51118 51118 1573470 1573470 9201170 7430733 1371452 398985 986282 92647 893635 3702883 2985259 462520 255104 2474688 2300943 56241 117504 5777142 5509272 267278 592 2593314 2468644 43056 81614 125208 113944 11214 50 3439047 2536416 902631 6904330 6279573 624757 1361184 29893 1331291 FOOD SERVICE 5909719 5769553 135313 4853 BOOKS AND PERIODICALS 893879 893879 0 0 SPECIAL PROGRAMS 274811 274811 0 0 BAD DEBT 149464 0 149464 0 223117 18535 203579 1003 197287493 175985686 17179141 4122666 7852587 4020514 10772808 3083817 4480607 5815927 3533981 3451243 1337438 0 1310332 1410509 336195754 157313817 172267737 178881937 19798894 20064902 298667409 320043875 1493305 1557711 16427168 13788844 537942266 552119279 16681510 18009776 2548411 1927950 99757799 99413917 808514 316655 38059034 34099990 157855268 153768288 X 70935609 60297857 309151389 338053134 380086998 398350991 537942266 552119279 X -21529100 39128893 664200 X 0 1 X 1 1 1 X 4531362 18552130 15414203 17071748 18046052 73615495 4531362 18552130 15414203 17071748 18046052 73615495 2496166 71119329 10901 2487193 1225714 1558902 1093225 6375935 4019 734469 72800 1770 813058 174632 2908955 1566122 2251944 2333970 9235623 90040111 522635681 0.78990 0.80260 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 91075 8186374 X X X X 0 0 0 313019458 5294618 39223475 6790746 17354788 1573470 331818547 304778465 6698309 31187754 6290429 21568569 1786072 313019458 306529427 607386 16539787 6343327 10858748 1696060 304778465 355004054 4642596 -37413887 5296481 8699815 1707040 306529427 312170019 17252066 25708055 126086 355004054 0.07200 0.58000 0.34800 1 0 8526967 8526967 225233757 98345320 126888437 20027881 14791054 5236827 10782118 9612376 1169742 71625031 34565067 37059964 178881937 MULTI-STRATEGY LIMITED PARTNERSHIP INVESTMENT FUND 308349046 F PRIVATELY POOLED FUNDS 11694829 F 320043875 ANNUITIES AND TRUSTS PAYABLE 10896054 GOVERNMENT ADVANCES FOR STUDENT LOANS 471209 BONDS PAYABLE 15049354 OPERATING LEASE LIABILITIES 7683373 34099990 X 113891027 39128893 -98777549 -59648656 173539683 1573470 645240 2218710 175758393 115767049 0 115767049 1573470 79946974 81520444 197287493 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 $8,186,374 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 -79,758,446. POST-RETIREMENT LIABILITY ADJUSTMENT -212,388. OTHER CHANGES IN NET ASSETS -20,140,017. CHANGE IN VALUE OF ANNUITIES AND TRUSTS 1,333,302. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS 645,240. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 79,758,446. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 97,727. NONCASH EMPLOYEE BENEFITS NOT INCLUDED ON FINANCIAL STATEMENTS 88,626. INSTITUTIONAL AID PAID FROM CUSTODIAL ACCOUNT 2,175. 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 57% 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 884599 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING STUDY ABROAD PROGRAM 178350 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING STUDY ABROAD PROGRAM 147100 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 165500 NORTH AMERICA (CANADA AND MEXICO) 0 0 GRANTMAKING STUDY ABROAD PROGRAM 148600 SOUTH AMERICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 35143 SOUTH ASIA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 221815 SUB-SAHARAN AFRICA 0 0 GRANTMAKING STUDY ABROAD PROGRAM 178500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING STUDY ABROAD PROGRAM 34000 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING GRANTMAKING 160600 1 5 0 0 1 5 1959607 194600 2154207 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 6 178350 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 4 147100 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 8 165500 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS NORTH AMERICA (CANADA AND MEXICO) 6 148600 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SOUTH AMERICA 2 35143 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SOUTH ASIA 6 221815 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS SUB-SAHARAN AFRICA 5 178500 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 34000 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 3 160600 APPLIED TO STUDENT ACCOUNT TO OFFSET TUITION AND FEES 1 0 0 0 0 0 PART I, LINE 2: SCHOLARSHIPS/GRANTS AWARDED TO INTERNATIONAL STUDENTS STUDYING AT WILLAMETTE UNIVERSITY ARE APPLIED TO THEIR STUDENT ACCOUNT. THE SCHOLARSHIPS OFFSET TUITION AND FEES TO REDUCE THE AMOUNT THAT A STUDENT MAY OWE THE UNIVERSITY. THUS, THE STUDENTS DO NOT PHYSICALLY RECEIVE THE MONEY. PROCEDURES DO NOT DIFFER FROM THOSE APPLIED TO DOMESTIC STUDENTS ATTENDING ON CAMPUS, OR STUDYING ABROAD. 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 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). PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR UNDER THE ACCRUAL 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 - CREATION AND REVIEW OF MATERIALS 0 0 35625 -35625 PENTERA INC 8650 COMMERCE PARK PL SUITE G INDIANAPOLIS IN 46268 CONSULTING - CREATION OF MARKETING PLANS 0 0 15493 -15493 51118 -51118 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 WILLAMETTE INSTITUTE FOR CONTINUED LEARNING 250 CHURCH ST SE 200 SALEM OR 97301 994550074 501(C)(3) 81734 0 THE INSTITUTE FOR CONTINUED LEARNING (ICL) WAS SPUN OFF AS AN INDEPENDENT NONPROFIT ENTITY 1 0 MERIT-BASED SCHOLARSHIPS TO STUDENTS 2632 74888875 NEED-BASED SCHOLARSHIPS TO STUDENTS 598 4419915 FEDERAL WORK STUDY SCHOLARSHIPS TO STUDENTS 175 601213 STUDENT AWARDS AND PRIZES 255 582792 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. 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 1 1 X X X X 0 0 0 0 0 0 0 0 0 STEPHEN THORSETT PRESIDENT 481104 0 0 0 19405 0 37235 0 125625 0 663369 0 0 0 SHELBY RADCLIFFE VICE PRESIDENT FOR ADVANCEMENT 264095 0 0 0 8469 0 19898 0 10760 0 303222 0 0 0 JENNIFER COLE DEAN OF PNCA 217456 0 0 0 1117 0 17105 0 56673 0 292351 0 0 0 SHANA SECHRIST VICE PRESIDENT & GENERAL COUNSEL 239778 0 0 0 1200 0 18673 0 31566 0 291217 0 0 0 CAROL LONG PROVOST & SENIOR VICE PRESIDENT 245747 0 0 0 4954 0 18874 0 16566 0 286141 0 0 0 DANIEL VALLES SR VICE PRESIDENT, COO & TREASURER - 11/1/24 245567 0 0 0 823 0 19490 0 19483 0 285363 0 0 0 ROMANA AUTREY INTERIM DEAN ATKINSON GRAD SCHOOL OF MANAGEMENT 223503 0 0 0 1425 0 18149 0 32087 0 275164 0 0 0 JEFFREY DOBBINS INTERIM DEAN SCHOOL OF LAW 196286 0 0 0 1179 0 15536 0 59180 0 272181 0 0 0 WILLIAM MULLEN VP FOR ENROLLMENT MANAGEMENT 237674 0 0 0 2196 0 17901 0 10695 0 268466 0 0 0 RUTH FEINGOLD DEAN OF WILLAMETTE COLLEGE 220743 0 0 0 1872 0 17051 0 21157 0 260823 0 0 0 JAMESON WATTS DEAN SCHOOL OF COMPUTING & INFO SCIENCE 206533 0 0 0 663 0 16065 0 26399 0 249660 0 0 0 LISA LANDREMAN VP FOR STUDENT AFFAIRS 184861 0 0 0 1672 0 14075 0 12633 0 213241 0 0 0 ANNE GALLAGHER VP OF FINANCE & CFO 172879 0 0 0 2198 0 12879 0 12303 0 200259 0 0 0 COLLEEN KAWAHARA CHIEF OF STAFF, ADMINISTRATIVE SECRETARY 176415 0 0 0 842 0 13388 0 4005 0 194650 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. 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. 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 22841156 315181 10025975 12500000 2020 1 1 1 1 B 81860056 2754421 2065778 1339157 27240076 48460624 2026 1 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: STATE OF OREGON - OREGON FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/16/2021 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 $25,975 OF INVESTMENT EARNINGS. (B) TOTAL PROCEEDS OF ISSUE INCLUDE $1,994,497 OF INVESTMENT EARNINGS. 23000 SCHOLARSHIP TUITION ASSISTANCE 88626 TUITION REMISSION TUITION ASSISTANCE RACHEL DEWEY THORSETT SPOUSE OF OFFICER STEPHEN THORSETT 45130 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 19 91075 OPINION OF EXPERTS X 61 4839006 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 VI, SECTION A, LINE 2 EVA KRIPALANI AND ELIZABETH LARGE ARE BUSINESS PARTNERS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS FIRST UPLOADED TO A SECURE WEBSITE ACCESSIBLE ONLY TO MEMBERS OF THE AUDIT COMMITTEE FOR THEIR REVIEW AND DISCUSSION. 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. ONCE ALL PARTIES HAVE HAD THE OPPORTUNITY TO REVIEW IT, THE FORM IS REVISED AS NEEDED, FINALIZED, AND FILED WITH 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. THE AUDIT COMMITTEE WILL MAKE A WRITTEN DETERMINATION REGARDING THE EXISTENCE OF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST AND ANY APPROPRIATE ACTIONS TO BETAKEN WITH RESPECT TO THE CONFLICT OF INTEREST AFTER THE MATERIAL FACTS OF THE TRANSACTION AND THE INDIVIDUAL'S INTEREST ARE DISCLOSED OR KNOWN TO THE COMMITTEE." 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 2025. 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 2025. 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 TRUSTEES. ON FORM 990 THIS POSITION IS REPORTED AS A DIRECTOR/TRUSTEE BECAUSE MEMBERS OF THE EXECUTIVE COMMITTEE HAVING VOTING RIGHTS ON CERTAIN BOARD MATTERS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES AND TRUSTS 1,333,302. INSTITUTIONAL AID PAID FROM CUSTODIAL ACCOUNT 2,175. TUITION REMISSION NOT RECORDED ON FINANCIAL STATEMENTS 88,626. POST-RETIREMENT LIABILITY ADJUSTMENT -212,388. NONCASH EMPLOYEE BENEFITS NOT RECORDED ON FINANCIAL STATEMENTS 97,727. UNRELATED BUSINESS INCOME FROM ALTERNATIVE INVESTMENTS -645,240. ROUNDING -2. 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