Civic Intelligence

Whitworth University

990 • Fiscal year 2018 • EIN 91-0473310

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 20, 2018

300 W Hawthorne RoadSpokane, WA 99251

(509) 777-4225

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.32x

Higher debt load relative to assets than 50% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.71x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Net Margin

54th percentile

6.4%

Higher net margin than 54% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

26th percentile

$498,119

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Asset Growth

49th percentile

3.3%

Faster asset growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

43rd percentile

3.5%

Faster revenue growth than 43% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Assets

Up

$303,325,627

Up $9,798,568 (+3.3%) from 2017

Net Assets

Up

$205,487,069

Up $13,059,702 (+6.8%) from 2017

Liabilities

Down

$97,838,558

Down $3,261,134 (-3.2%) from 2017

Revenue

Up

$136,975,730

Up $4,611,589 (+3.5%) from 2017

Expenses

Up

$128,239,006

Up $24,795 (+0.0%) from 2017

Net Income

Up

$8,736,724

Up $4,586,794 (+111%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $204,464,085Liabilities 2010: $83,504,504Net Assets 2010: $120,959,5812010Assets 2011: $223,835,836Liabilities 2011: $78,771,688Net Assets 2011: $145,064,1482011Assets 2012: $247,032,756Liabilities 2012: $99,446,280Net Assets 2012: $147,586,4762012Assets 2013: $257,428,452Liabilities 2013: $98,782,715Net Assets 2013: $158,645,7372013Assets 2014: $275,488,332Liabilities 2014: $97,584,749Net Assets 2014: $177,903,5832014Assets 2015: $280,248,856Liabilities 2015: $95,178,655Net Assets 2015: $185,070,2012015Assets 2016: $278,906,508Liabilities 2016: $94,764,725Net Assets 2016: $184,141,7832016Assets 2017: $293,527,059Liabilities 2017: $101,099,692Net Assets 2017: $192,427,3672017Assets 2018: $303,325,627Liabilities 2018: $97,838,558Net Assets 2018: $205,487,0692018Assets 2019: $310,186,327Liabilities 2019: $95,007,313Net Assets 2019: $215,179,0142019Assets 2020: $335,005,537Liabilities 2020: $114,789,884Net Assets 2020: $220,215,6532020Assets 2021: $388,239,999Liabilities 2021: $115,593,717Net Assets 2021: $272,646,2822021Assets 2022: $369,174,535Liabilities 2022: $113,749,497Net Assets 2022: $255,425,0382022Assets 2023: $369,290,279Liabilities 2023: $109,523,869Net Assets 2023: $259,766,4102023

Highlighted filing

2018

Assets$303,325,627
Liabilities$97,838,558
Net Assets$205,487,069

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300M$200M$100M$0-$100MExpenses 2010: $86,350,9772010Expenses 2011: $93,767,6122011Expenses 2012: $98,851,7662012Expenses 2013: $107,013,5982013Revenue 2014: $120,113,617Expenses 2014: $114,460,027Net Income 2014: $5,653,5902014Revenue 2015: $124,614,028Expenses 2015: $118,616,272Net Income 2015: $5,997,7562015Revenue 2016: $128,866,190Expenses 2016: $124,768,769Net Income 2016: $4,097,4212016Revenue 2017: $132,364,141Expenses 2017: $128,214,211Net Income 2017: $4,149,9302017Revenue 2018: $136,975,730Expenses 2018: $128,239,006Net Income 2018: $8,736,7242018Revenue 2019: $145,297,240Expenses 2019: $140,535,961Net Income 2019: $4,761,2792019Revenue 2020: $142,477,497Expenses 2020: $148,129,279Net Income 2020: -$5,651,7822020Revenue 2021: $215,340,115Expenses 2021: $145,036,848Net Income 2021: $70,303,2672021Revenue 2022: $162,022,483Expenses 2022: $154,894,972Net Income 2022: $7,127,5112022Revenue 2023: $141,406,517Expenses 2023: $144,978,014Net Income 2023: -$3,571,4972023

Highlighted filing

2018

Revenue$136,975,730
Expenses$128,239,006
Net Income$8,736,724
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 20, 2018
Return Version
2017v2.3
Gross Receipts
$173,065,686
Mission and Program Overview

Mission

Since 1890, Whitworth has held fast to its founding mission of providing "an education of mind and heart" through rigorous intellectual inquiry guided by dedicated Christian scholars.

Since 1890, whitworth has held fast to its founding mission of providing "an education of mind and heart" through rigorous intellectual inquiry guided by dedicated christian scholars. Recognized as one of the top regional colleges and universities in the west, whitworth university has an enrollment of almost 3,000 students as of the fall of 2018 and offers 60 undergraduate and graduate degree programs. In recent years, whitworth has enjoyed record levels of student enrollment and retention, the strongest financial position in the university's history, and increased external visibility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$106,990,448$106,303,237▼ $687,211
Investments in Publicly Traded Securities$97,310,353$101,470,546▲ $4,160,193
Investments Other Securities$46,789,920$52,288,294▲ $5,498,374
Pledges and Grants Receivable$5,118,089$5,975,910▲ $857,821
Savings and Temporary Cash Investments$4,676,720$4,125,681▼ $551,039
Other Notes and Loans Receivable, Net$3,797,893$3,803,554▲ $5,661
Accounts Receivable$1,839,347$2,186,578▲ $347,231
Prepaid Expenses and Deferred Charges$1,562,710$1,704,129▲ $141,419
Inventories for Sale or Use$132,860$114,282▼ $18,578
Total Assets$293,527,059$303,325,627▲ $9,798,568
Other Assets Total$25,308,719$25,353,416▲ $44,697
Liabilities
Tax Exempt Bond Liabilities$68,302,861$67,921,421▼ $381,440
Mortgage Notes Payable Secured by Investment Property$12,875,000$11,415,000▼ $1,460,000
Accounts Payable and Accrued Expenses$10,248,295$8,918,831▼ $1,329,464
Other Liabilities$4,219,778$4,761,650▲ $541,872
Grants Payable$3,397,916$3,192,204▼ $205,712
Deferred Revenue$2,055,842$1,629,452▼ $426,390
Total Liabilities$101,099,692$97,838,558▼ $3,261,134
Net Assets / Fund Balance
Permanently Rstr Net Assets$81,861,051$86,558,105▲ $4,697,054
Unrestricted Net Assets$61,467,315$63,418,724▲ $1,951,409
Temporarily Rstr Net Assets$49,099,001$55,510,240▲ $6,411,239
Total Net Assets Fund Balance$192,427,367$205,487,069▲ $13,059,702
Total Liabilities and Net Assets / Fund Balance$293,527,059$303,325,627▲ $9,798,568

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$80,539,678$65,117,721$145,657,399
Other Land Buildings$14,192,441$13,257,499$27,449,940
Equipment$5,522,279$15,132,505$20,654,784
Land$6,048,839-$6,048,839
Other Assets Org$4,781,160--
Other Securities$3,151,162--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$141,884,815$4,575,301▲ $9,436,289-$151,179,044
2016$127,378,713$2,743,604▲ $15,525,736-$141,884,815
2015$129,431,885$4,753,554▼ $3,278,805-$127,378,713
2014$125,935,087$3,059,206▲ $3,660,670-$129,431,885
2013$108,080,939$5,122,928▲ $15,710,869-$125,935,087
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Beck TaylorTrustee-presidentFT$293,275$204,844$498,119
Dr Timothy WilkinsonDean, School of BusinessFT$122,117$140,746$262,863
Dr Caroline SimonProvost and Executive Vice PresidentFT$167,806$43,094$210,900
Lawrence ProbusVP for Finance and AdministrationFT$128,156$80,588$208,744
Mr Greg OrwigVP Admissions and Financial AidFT$109,907$88,275$198,182
Dr Scott McquilkinVP for Institutional AdvancementFT$153,148$42,566$195,714
Dr Noelle WiersmaDean, College of Arts & SciencesFT$129,233$45,427$174,660
Kathleen Harrell StormProfessor - PsychologyFT$126,153$27,353$153,506
Dr Dale SodenProfessor - HistoryFT$102,330$50,730$153,060
Mrs Rhosetta RhodesVP for Student LifeFT$134,849$12,251$147,100
Randy ClarkTrustee-$12,211-$12,211

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo Campus ServicesFood Services9801 WASHINGTONIAN BLVD MS 31, Gaithersburg, MD 20878$3,897,547
Am LandshaperConstruction/landscape8004 N MARKET ST, Spokane, WA 99217-8107$1,092,191
Bouten Construction CompanyConstruction/landscapePO BOX 3507, Spokane, WA 99220$460,514
Ellucian Company LPComputer Services4 COUNTRY VIEW RD, Malvern, PA 19355$428,397
Alsc Architects PsArchitect203 N WASHINGTON ST STE 400, Spokane, WA 99201-0234$426,488
Revenue and Support

Revenue Composition

Contributions and Grants
$13,649,926
Program Service Revenue
$115,911,804
Investment Income
$7,250,413
Other Revenue
$163,587
All Other Contributions
$12,316,273
Change in Net Assets
$8,736,724

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$397,281Fair Market Value
Total Noncash Contributions12$397,281-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$50,226,193
Salaries, Compensation, and Employee Benefits$47,195,512
Other Expenses$30,817,301
Total Fundraising Expense$2,885,550
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$50,226,193--$50,226,193
Other Salaries and Wages$23,057,670$9,659,262$811,121$33,528,053
Other Employee Benefits$5,311,684$2,106,404$97,432$7,515,520
Depreciation Depletion$4,584,106$883,683$55,230$5,523,019
Occupancy$2,564,625$1,011,401$36,121$3,612,147
Interest$3,561,381--$3,561,381
Payroll Taxes$1,591,438$712,584$71,258$2,375,280
Office Expenses$1,317,355$908,521$45,426$2,271,302
Pension Plan Contributions$1,488,053$679,384$67,938$2,235,375
Information Technology$1,295,828$799,094$64,791$2,159,713
Travel$886,781$985,312$98,531$1,970,624
Conferences and Meetings$930,443$465,222$155,074$1,550,739
Current Officers, Directors, Trustees, and Key Employees$250,504$1,001,019$289,761$1,541,284
Fees for Services Other$788,917$358,599$286,879$1,434,395
Advertising$471,105-$201,902$673,007
Other Expenses$246,227$244,622$54,717$545,566
Fees for Service Investment Mgmnt Fees$159,488-$115,491$274,979
Insurance$179,792$55,136$4,794$239,722
Fees for Services Accounting-$131,598-$131,598
Fees for Services Legal$12,275$17,799$614$30,688
Royalties$4,306--$4,306
Total Functional Expenses$104,062,438$21,291,018$2,885,550$128,239,006
International Activity

International Summary

Offices
2
Employees
2
Spending
$10,239,002

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentStudy Abroad Programs00$9,006,925
Europe (including Iceland & Greenland)Program ServicesStudy Abroad Programs00$486,041
Central America and the CaribbeanProgram Services-00$253,140
Central America and the CaribbeanCapital Contributions for Plant InvestmentAcademic Instruction11$180,100
East Asia and the PacificProgram ServicesStudy Abroad Programs00$157,942
Central America and the CaribbeanProgram Services - Capital Contributions to Whitworth Costa Rica LimitadaAcademic Instruction11$122,408
South AsiaProgram ServicesStudy Abroad Programs00$32,446
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$137,780
Fundraising Direct Expenses$68,565
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pirate Night$154,553$108,340$4,650$103,690
Golf-spokane$43,140$29,440$8,443$20,997
Total Events$197,693$137,780$68,565$69,215
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Jason Thackston (trustee) Is an Officer of Avista Utilities.Utility ExpenseNo$1,250,554
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Deposits$2,811,097
Asset Retirement Obligation$1,004,763
Interest Rate Exchange Liability$945,790

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWashington Higher Education Facilities Authority2016-12-22$50,409,479Construction of athletic building and refunding of a prior issue
BWashington Higher Education Facilities Authority2012-03-01$20,065,060Dining hall addition; new student rec center; new resident hall design; repa

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$51,197,325$3,888,602$1,345,000$524,826
B$20,173,305--$372,499

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an independent cpa firm, then reviewed by senior management and the audit committee of the board. The public version of form 990 is then placed in a secure website for inspection and review by the full board of trustees before filing.

Form 990, Part VI, Section B, Line 12C

Staff and faculty: at the beginning of the year, we tie the completion of the conflict of interest disclosure form to being able to authorize or request any payment for the university. This is tracked in a database. Trustees: the secretary of the board ensures that every trustee completes the disclosure form every fall meeting. If anyone's form is missing, she or her assistant follow up until the form is completed. Then, the audit committee reviews those forms with disclosed conflict during the fall meeting for the staff and faculty and during the spring for trustees.

Form 990, Part VI, Section B, Line 15

Compensation for the president was reviewed by the executive compensation committee of the board of trustees in june 2018; this process involved an independent analysis by an outside consultant who compared compensation for this individual against peer institutions.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest statements are available upon request. Financial statements are available at the university's website.

FORM 990, PART VI, SECTION B, LINE 16B:

While whitworth university does not have a written policy requiring evaluation of its participation in a joint venture, the university has reviewed the impact of this joint venture both internally and with external advisors.

Filing and Contact Details

Filer

Filer Name
Whitworth University
EIN
91-0473310
Phone
5097774225
Address
300 W HAWTHORNE ROAD, SPOKANE, WA 99251

Signing Officer

Name
Lawrence Probus
Title
VP, Finance & Administration
Phone
5097774225
Signed
2018-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beck Taylor
Formed
1890
Legal Domicile
Wa
Voting Board Members
37
Independent Board Members
36
Employees
2,370
Volunteers
126

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
225 S 6TH ST 2300, MINNEAPOLIS, MN 55402
Preparer
Lawrence H Mohr CPA
Phone
6128764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Adjustment to prior service cost and actuarial liability for retiree health -105,334. Change in value of outside trusts 567,261. Change in value of split interest agreements 6,930.

FORM 990, PART XII, LINE 2C:

Neither the oversight process of the audit or the selection process of the independent accountant changed during the current year.

Financial Statement Notes

PART V, LINE 4:

The endowment funds are mainly used to provide scholarship support to students so that they can attend the university. Some of the funds are also used to provide funding support for research and departmental activities.

PART X, LINE 2:

The internal revenue service has determined that both the university and foundation are exempt from federal income tax under section 501(c)(3) of the internal revenue code. Accordingly, the university and foundation are not subject to federal income taxes except to the extent they generate income from certain activities not substantially related to their tax-exempt purpose (unrelated trade or business activities). Donations to the university and foundation are tax deductible. Whitworth costa rica limited is a taxable corporation for purposes of costa rican income tax law. The university follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the university for uncertain tax positions as of june 30, 2018 and 2017. The university's tax returns are subject to review and examination by federal authorities.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0WHITWORTH UNIVERSITY'S ENROLLMENT (2017-18: UNDERGRADUATE: 2,249; GRADUATE: 376. UNDER-REPRESENTED ETHNIC ENROLLMENT UNDERGRADUATE: 29.8 PERCENT. SIX-YEAR GRADUATION RATE (2017-18): 75.0 PERCENT OF FIRST-TIME, FULL-TIME STUDENTS ENROLLED IN FALL 2011 GRADUATED WITHIN SIX YEARS. FRESHMAN-TO-SOPHOMORE RETENTION RATE (2017-18): 85.1 PERCENT. THE UNIVERSITY UNDERGRADUATE STUDENT BODY HAS A COMPOSITION OF 70.2%/29.8% WHITE/NON-WHITE; 59.3%/40.7% FEMALE/MALE AND REPRESENTATION OF 42 COUNTRIES. THE UNIVERSITY OFFERS 60 UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS; THE MOST PROMINENT ARE BUSINESS/ECONOMICS, HEALTH SCIENCE, BIOLOGY, EDUCATION, MATH AND COMPUTER SCIENCE, AND PSYCHOLOGY. FISCAL YEAR 2017-18 IS ALSO THE 17TH YEAR IN A ROW THAT WHITWORTH HAS BEEN IN THE TOP RANKINGS OF U.S. NEWS AND WORLD REPORT.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$369$110$260$141$145$3.57
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$369$114$255$162$155$7.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$388$116$273$215$145$70.3
2020Summary only. Only limited summary data is available for this year.$335$115$220$142$148$5.65
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$310$95.0$215$145$141$4.76
2018Detailed filing. Detailed filing data is available for this year.$303$97.8$205$137$128$8.74
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$294$101$192$132$128$4.15
2016Detailed filing. Detailed filing data is available for this year.$279$94.8$184$129$125$4.10
2015Summary only. Only limited summary data is available for this year.$280$95.2$185$125$119$6.00
2014Summary only. Only limited summary data is available for this year.$275$97.6$178$120$114$5.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$257$98.8$159$107
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$247$99.4$148$98.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$224$78.8$145$93.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$204$83.5$121$86.4
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $250M-$1B nonprofits