Civic Intelligence

Marylhurst University

990 • Fiscal year 2017 • EIN 93-0634049

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 27, 2018

PO Box 261Marylhurst, OR 97036-0261

(503) 636-8141

Siviq Scores

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

Liabilities / Assets

28th percentile

0.07x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.18x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

10th percentile

-18%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

11th percentile

-5.9%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-7.0%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Down

$37,543,851

Down $2,352,142 (-5.9%) from 2016

Net Assets

Down

$34,765,958

Down $1,808,446 (-4.9%) from 2016

Liabilities

Down

$2,777,893

Down $543,696 (-16%) from 2016

Revenue

Down

$15,559,824

Down $1,176,161 (-7.0%) from 2016

Expenses

Down

$18,297,434

Down $1,676,044 (-8.4%) from 2016

Net Income

Up

-$2,737,610

Up $499,883 (+15%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $48,003,406Liabilities 2010: $8,432,757Net Assets 2010: $39,570,6492010Assets 2011: $50,815,302Liabilities 2011: $8,738,098Net Assets 2011: $42,077,2042011Assets 2012: $48,940,952Liabilities 2012: $8,154,068Net Assets 2012: $40,786,8842012Assets 2013: $44,178,918Liabilities 2013: $3,672,646Net Assets 2013: $40,506,2722013Assets 2014: $45,386,402Liabilities 2014: $3,871,833Net Assets 2014: $41,514,5692014Assets 2015: $44,477,677Liabilities 2015: $3,186,150Net Assets 2015: $41,291,5272015Assets 2016: $39,895,993Liabilities 2016: $3,321,589Net Assets 2016: $36,574,4042016Assets 2017: $37,543,851Liabilities 2017: $2,777,893Net Assets 2017: $34,765,9582017Assets 2018: $35,641,653Liabilities 2018: $4,702,658Net Assets 2018: $30,938,9952018Assets 2019: $3,833,812Liabilities 2019: $360,580Net Assets 2019: $3,473,2322019Assets 2020: $3,338,804Liabilities 2020: $360,580Net Assets 2020: $2,978,2242020Assets 2021: $68,340Liabilities 2021: $0Net Assets 2021: $68,3402021

Highlighted filing

2017

Assets$37,543,851
Liabilities$2,777,893
Net Assets$34,765,958

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $24,939,1592010Expenses 2011: $27,434,2112011Expenses 2012: $26,590,3622012Expenses 2013: $25,112,5472013Revenue 2014: $21,778,295Expenses 2014: $22,491,835Net Income 2014: -$713,5402014Revenue 2015: $21,544,541Expenses 2015: $20,522,865Net Income 2015: $1,021,6762015Revenue 2016: $16,735,985Expenses 2016: $19,973,478Net Income 2016: -$3,237,4932016Revenue 2017: $15,559,824Expenses 2017: $18,297,434Net Income 2017: -$2,737,6102017Revenue 2018: $12,243,972Expenses 2018: $15,726,440Net Income 2018: -$3,482,4682018Revenue 2019: $2,430,000Expenses 2019: $6,137,362Net Income 2019: -$3,707,3622019Revenue 2020: $0Expenses 2020: $392,467Net Income 2020: -$392,4672020Revenue 2021: $0Expenses 2021: $648,612Net Income 2021: -$648,6122021

Highlighted filing

2017

Revenue$15,559,824
Expenses$18,297,434
Net Income-$2,737,610
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 27, 2018
Return Version
2016v3.0
Gross Receipts
$25,810,580
Mission and Program Overview

Mission

Marylhurst University is a Catholic liberal arts university nationally recognized for its dedication to excellence in the education of self-directed adult learners seeking relevant, rigorous and innovative undergraduate and graduate programs. Students of all ages and walks of life come to Marylhurst to transform their lives in some way; here, they get very personalized attention to help them do just that. Through both on-campus and online programs, Marylhurst creates collaborative learning environments that value and challenge each individual, with a focus on clearly defined outcomes. Marylhurst excels in integrating professional programs and the liberal arts through curriculum that emphasizes interdisciplinary learning and prepares students to lead lives of ethical leadership, service and social responsibility.

Marylhurst University is a Catholic liberal arts university providing higher education through both on-campus and on-line educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,157,360$19,044,642▼ $1,112,718
Land, Buildings, and Equipment, Net$14,856,439$13,671,528▼ $1,184,911
Cash and Non-Interest-Bearing Accounts$1,521,160$1,852,493▲ $331,333
Savings and Temporary Cash Investments$1,389,448$1,417,241▲ $27,793
Prepaid Expenses and Deferred Charges$452,202$488,917▲ $36,715
Accounts Receivable$641,957$448,709▼ $193,248
Other Notes and Loans Receivable, Net$451,540$371,990▼ $79,550
Pledges and Grants Receivable$335,842$164,067▼ $171,775
Inventories for Sale or Use$90,045$84,264▼ $5,781
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Intangible Assets$0--
Loans From Officers Directors$0$0→ $0
Total Assets$39,895,993$37,543,851▼ $2,352,142
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$1,561,887$1,243,325▼ $318,562
Other Liabilities$1,230,475$1,138,737▼ $91,738
Deferred Revenue$343,238$255,831▼ $87,407
Unsecured Notes Loans Payable$175,000$140,000▼ $35,000
Mortgage Notes Payable Secured by Investment Property$10,989$0▼ $10,989
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,321,589$2,777,893▼ $543,696
Net Assets / Fund Balance
Permanently Rstr Net Assets$15,513,636$15,769,775▲ $256,139
Unrestricted Net Assets$16,831,454$13,462,368▼ $3,369,086
Temporarily Rstr Net Assets$4,229,314$5,533,815▲ $1,304,501
Total Net Assets Fund Balance$36,574,404$34,765,958▼ $1,808,446
Total Liabilities and Net Assets / Fund Balance$39,895,993$37,543,851▼ $2,352,142

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,092,970$14,809,899$22,902,869
Other Land Buildings$4,775,911$3,312,446$8,088,357
Equipment$585,142$3,056,313$3,641,455
Land$217,505-$217,505
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$18,979,755$208,574▲ $2,439,683$-7,929$20,529,266
2015$23,219,905$478,522▼ $3,442,412$-127,616$18,979,755
2014$22,250,129$521,539▲ $1,459,832$-3,127$23,219,905
2013$19,181,757$755,097▲ $3,104,467$-174,048$22,250,127
2012$17,548,360$138,477▲ $2,278,578$-165,931$19,181,757
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melody RosePresidentFT$250,704$31,306$282,010
Ann Marie FallonProvostFT$142,120$10,603$152,723
Nicola A SysynVP for University AdvancementFT$102,000$11,006$113,006
Stuart Alan Noble-GoodmanDirector of School of Business-$104,167$7,480$111,647
Elizabeth WoodwardVP for Enrollment Management-$94,353$9,122$103,475
Debra MeyersVP for Finance & Campus Services-$63,073$4,977$68,050
Judith JohansenPresident-$50,880-$50,880
Sr Joan SaalfeldVP for Mission IntegrationPT$15,523-$15,523
Jennifer ChambersVP Finance & AdministrationFT$6,462$791$7,253

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
NCS Pearson IncEducational Assessment13036 Collection Center Drive, PO Box 39000, Chicago, IL 60693$1,858,101
VoyaRetirement Investment ServicesPO Box 3015, Portland, OR 97208-4167$577,495
VisaBanking5000 Meadows Road, Lake Oswego, OR 97035$417,666
Bon AppetitCampus Food ServicesPO Box 417632, Boston, MA 02241-7632$331,045
Google AdWordsAdvertisingDept 33654, San Francisco, CA 94139$163,809
Revenue and Support

Revenue Composition

Contributions and Grants
$1,484,963
Program Service Revenue
$12,149,816
Investment Income
$1,494,951
Other Revenue
$430,094
All Other Contributions
$1,316,591
Change in Net Assets
$-2,737,610

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded11$152,358Ending Fair Market Value (FMV) on day received
Food Inventory21$24,312Cost
Other Non Cash Contri Table60$16,079Fair Market Value (FMV)
Other Non Cash Contri Table29$9,891Fair Market Value (FMV)
Other Non Cash Contri Table16$2,554Fair Market Value (FMV)
Cars and Other Vehicles2$1,775Fair Market Value (FMV)
Total Noncash Contributions139$206,969-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,365,923
Revenue Not Reported on Financial Statements
$2,193,901
Revenue Not Reported on Form 990
$1,173,507
Other Revenue Adjustments
$2,134,949
Total Revenue per Audited Statements
$14,539,430
Total Revenue per Form 990
$15,559,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,379,696
Other Expenses$6,782,789
Grants and Similar Amounts Paid$2,134,949
Total Fundraising Expense$452,352
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,719,683$1,390,065$153,357$6,263,105
Fees for Services Other$1,458,741$925,629$12,457$2,396,827
Grants to Domestic Individuals$2,134,949--$2,134,949
Other Employee Benefits$1,060,103$445,989$56,632$1,562,724
Depreciation Depletion$133,749$1,044,126-$1,177,875
Current Officers, Directors, Trustees, and Key Employees$379,201$417,271$94,050$890,522
Occupancy$22,903$755,082$2,222$780,207
Advertising$3,738$624,869-$628,607
Payroll Taxes$374,220$157,436$24,177$555,833
Information Technology$269,732$254,413$13,755$537,900
Office Expenses$192,673$293,373$41,291$527,337
Other Expenses$86,433$83,434$65$169,932
Travel$92,928$23,697$2,355$118,980
Insurance-$114,450-$114,450
Pension Plan Contributions$72,384$30,452$4,676$107,512
All Other Expenses$2,513$61,008-$63,521
Fees for Service Investment Mgmnt Fees-$58,952-$58,952
Fees for Services Legal-$51,640-$51,640
Conferences and Meetings$12,771$16,557-$29,328
Interest-$1,830-$1,830
Fees for Services Accounting-$1,096-$1,096
Royalties$909--$909
Total Functional Expenses$11,076,722$6,768,360$452,352$18,297,434

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,297,434
Total Expenses per Audited Statements$16,347,876
Expenses per Audited Statements$16,103,533
Expenses Not Reported on Financial Statements$2,193,901
Other Expense Adjustments$2,134,949
Expenses Not Reported on Form 990$244,343
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$48,961
Fundraising Gross Income$23,622
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf 2016$59,967$13,672$11,614$2,058
Dinner 2017$66,175$9,950$13,305$-3,355
Total Events$126,142$23,622$48,961$-25,339
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
FIN 47 Asset Retirement Obligation$795,133
US Government Grants Refundable$332,414
Unitrust, annuity and Agency Funds$11,190
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The Board of Trustees has delegated the review of the form 990 to the Audit Committee. Prior to filing, the Form 990 is reviewed internally by the Audit Committee, President, Vice President for Finance and Administration after being prepared by the Controller. Subsequent to this review, the Audit Committee reports back to the Board of Trustees regarding its oversight of the Form 990. The final Form 990 is made available to all members of the Board of Trustees prior to filing the return with the IRS. The form 990 is electronically filed. Paper copies are made available upon request.

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

Key employees, officers and Trustees annually review and sign the University's Conflict of Interest Disclosure form. The Board of Trustees is made aware of any conflicts of interest. Those with conflicts of interest are to refrain from participating in consideration of proposed transactions unless the Board or Administration requests information or interpretation. trustees or officers with conflicts shall not vote. At the request of the Board Chair, the covered person with a conflict may be asked to leave the meeting during discussion and/or vote. Human Resources and the President's Office monitor for compliance.

Form 990, Part VI, Section C, Line 19

While 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 these documents available upon request.

Filing and Contact Details

Filer

Filer Name
Marylhurst University
EIN
93-0634049
Phone
5036368141
Address
PO Box 261, Marylhurst, OR 97036-0261

Signing Officer

Name
Jennifer Chambers
Title
VP for Finance & Administration
Phone
5036368141
Signed
2018-02-27

Organization Details

Principal Officer
Melody Rose
Formed
1893
Legal Domicile
Or
Voting Board Members
27
Independent Board Members
27
Employees
467
Volunteers
27
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Total expense is related to contracted services; $1.86M of which was incurred for services provided by NCS Pearson Inc.

Form 990, Part XI, Line 9

Change in split interest agreement of -$20,972.

Financial Statement Notes

Schedule D, Part III, Line 4

The University has a small collection of art, historical treasures and other similar assets. The collection includes paintings, pictures, statues and a doll collection. Some pieces have been purchased by the University. Parts of the collection are on display.

Schedule D, Part V, Line 4

83% of the endowment supports scholarships, while the remaining 17% contribute to the University in general support, including English, Literature, Music and Writing faculty.

Schedule D, Part X, Line 2

Footnote 2(g) reads: The Internal Revenue Service has recognized the University as exempt from federal income taxes under the provisions of Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3) of the Internal Revenue Code except to the extent of unrelated business income under Sections 511 through 515. The University accounts for uncertainty in income taxes in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) No. 740-10, Income Taxes, however, management has not recorded a provision as of June 30, 2017, as unrelated business income, if any, is immaterial to the financial statements.

Schedule D, Part XI, Line 2D

Cost of Goods Sold of $82,778; depreciation of leased buildings of $74,251; maintenance of leased buildings of $17,561; and fundraising expenses of $48,961.

Schedule D, Part XI, Line 4B

Tuition discounts

Schedule D, Part XII, Line 2D

COGS - $82,778, Fund Raising Exp - $48,961, Depr of leased & rented bldgs - $74,251, Mx of leased & rented bldgs - $17,561, Split interest agreement $20,792

Schedule D, Part XII, Line 4B

Tuition discounts

Raw XML AppendixShowing 400 of 1,067 raw XML fields

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/Form990PartVIISectionAGrp/PersonNm2Kristin Stathis
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IRS990/Form990PartVIISectionAGrp/PersonNm4Mary Burke SNJM
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IRS990/Form990PartVIISectionAGrp/PersonNm13Sue Hildick
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IRS990/Form990PartVIISectionAGrp/PersonNm22Martin Ringle
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IRS990/Form990PartVIISectionAGrp/PersonNm24Tim Stempel
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IRS990/Form990PartVIISectionAGrp/PersonNm30Jennifer Chambers
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee, Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee, Board Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee, Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee

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