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Nonprofiteer
← UNIVERSITY OF PUGET SOUND

Form 990 for tax year 2023

Filed by UNIVERSITY OF PUGET SOUND.

Totals

Total revenue
$151,551,518
Total expenses
$166,535,068
Contributions and grants received
$15,474,993
Grants paid
$54,123,317
Program service revenue
$129,942,891
Investment income
$6,133,634
Other revenue
$0
Total assets, end of year
$750,428,227
Total liabilities, end of year
$92,314,457
Net assets or fund balances, end of year
$658,113,770
Program services expenses (Part IX)
$148,778,529
Management and general expenses
$14,135,521
Fundraising expenses
$3,621,018
Program service expenses (Part III)
$148,778,529

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,627,964

  • 1f · All other contributions, gifts and grants

    $12,847,029

  • 1g · Noncash contributions included above

    $409,158

  • 2a · Program service revenue: EDUCATION

    total $129,942,891 · related or exempt $129,942,891

  • 3 · Investment income

    total $3,360,305 · unrelated business $559,647 · excluded $2,800,658

  • 7a · Gross sales of assets other than inventory

    securities $30,589,904 · other assets $8,139,989

  • 7b · Less cost or other basis and sales expenses

    securities $28,006,065 · other assets $7,950,499

  • 7c · Gain or loss

    securities $2,583,839 · other assets $189,490

  • 7d · Net gain or loss

    total $2,773,329 · excluded $2,773,329

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,305 · program services $48,305

  • 2 · Grants to domestic individuals

    total $52,953,213 · program services $52,953,213

  • 3 · Grants to foreign organizations and individuals

    total $1,121,799 · program services $1,121,799

  • 5 · Compensation of officers, directors and key employees

    total $3,798,350 · program services $1,453,294 · management and general $1,851,731 · fundraising $493,325

  • 7 · Other salaries and wages

    total $51,712,055 · program services $43,657,610 · management and general $6,291,399 · fundraising $1,763,046

  • 8 · Pension plan contributions

    total $2,891,493 · program services $2,489,385 · management and general $333,163 · fundraising $68,945

  • 9 · Other employee benefits

    total $7,086,542 · program services $6,261,723 · management and general $458,344 · fundraising $366,475

  • 10 · Payroll taxes

    total $3,934,915 · program services $3,136,168 · management and general $607,532 · fundraising $191,215

  • 11b · Fees: legal

    total $184,794 · management and general $184,794

  • 11c · Fees: accounting

    total $160,810 · management and general $160,810

  • 11f · Fees: investment management

    total $382,863 · management and general $382,863

  • 11g · Fees: other

    total $7,445,050 · program services $5,827,852 · management and general $1,347,941 · fundraising $269,257

  • 12 · Advertising and promotion

    total $2,277,974 · program services $1,503,580 · management and general $711,196 · fundraising $63,198

  • 13 · Office expenses

    total $2,972,474 · program services $2,708,679 · management and general $84,402 · fundraising $179,393

  • 14 · Information technology

    total $2,721,554 · program services $2,260,970 · management and general $430,418 · fundraising $30,166

  • 15 · Royalties

    total $5,234 · program services $5,234

  • 16 · Occupancy

    total $5,533,417 · program services $5,440,881 · management and general $73,520 · fundraising $19,016

  • 17 · Travel

    total $2,397,446 · program services $2,083,918 · management and general $241,669 · fundraising $71,859

  • 19 · Conferences, conventions and meetings

    total $217,213 · program services $165,718 · management and general $30,298 · fundraising $21,197

  • 20 · Interest

    total $1,791,123 · program services $1,748,901 · management and general $24,055 · fundraising $18,167

  • 22 · Depreciation, depletion and amortization

    total $9,424,039 · program services $8,843,411 · management and general $538,704 · fundraising $41,924

  • 23 · Insurance

    total $1,152,602 · program services $1,108,626 · management and general $34,972 · fundraising $9,004

  • 24a · Other expenses: GOODS PURCHASED FOR RES

    total $3,548,559 · program services $3,548,247 · fundraising $312

  • 24b · Other expenses: STUDY ABROAD EXPENSE

    total $1,992,056 · program services $1,992,056

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $514,027 · program services $228,972 · management and general $273,958 · fundraising $11,097

  • 24d · Other expenses: LOSS - DEBT EXTINGUISHM

    total $167,190 · program services $167,190

  • 24e · All other expenses

    total $99,971 · program services $22,797 · management and general $73,752 · fundraising $3,422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,901,583 · end of year $8,470,868

  • 2 · Savings and temporary cash investments

    beginning of year $51,885,331 · end of year $53,630,670

  • 3 · Pledges and grants receivable

    beginning of year $10,438,232 · end of year $12,406,987

  • 4 · Accounts receivable

    beginning of year $646,195 · end of year $1,089,484

  • 7 · Other notes and loans receivable

    beginning of year $3,739,744 · end of year $2,703,679

  • 8 · Inventories for sale or use

    beginning of year $349,599 · end of year $352,278

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,950,450 · end of year $2,257,721

  • 10a · Land, buildings and equipment: cost or other basis

    $358,032,895

  • 10b · Land, buildings and equipment: accumulated depreciation

    $181,098,024

  • 10c · Land, buildings and equipment, net

    beginning of year $180,148,345 · end of year $176,934,871

  • 11 · Investments: publicly traded securities

    beginning of year $72,323,193 · end of year $15,007,148

  • 12 · Investments: other securities

    beginning of year $383,073,286 · end of year $467,157,219

  • 14 · Intangible assets

    beginning of year $9,205,472 · end of year $9,255,750

  • 15 · Other assets

    beginning of year $1,070,502 · end of year $1,161,552

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,033,442 · end of year $19,168,518

  • 19 · Deferred revenue

    beginning of year $2,092,319 · end of year $1,712,421

  • 20 · Tax-exempt bond liabilities

    beginning of year $63,193,006 · end of year $62,764,564

  • 21 · Escrow or custodial account liability

    beginning of year $21,892 · end of year $81,844

  • 25 · Other liabilities

    beginning of year $11,871,783 · end of year $8,587,110

  • 27 · Net assets without donor restrictions

    beginning of year $302,256,845 · end of year $301,341,770

  • 28 · Net assets with donor restrictions

    beginning of year $334,262,645 · end of year $356,772,000

Mission and programs · 2023

Mission

UNIVERSITY OF PUGET SOUND, AS A COMMUNITY OF LEARNING, MAINTAINS A STRONG COMMITMENT TO TEACHING EXCELLENCE, SCHOLARLY ENGAGEMENT, AND FRUITFUL STUDENT-FACULTY INTERACTION. THE MISSION OF THE UNIVERSITY IS TO DEVELOP IN ITS STUDENTS' CAPACITIES FOR (CONTINUED ON SCHEDULE O) CRITICAL ANALYSIS, AESTHETIC APPRECIATION, SOUND JUDGMENT, AND APT EXPRESSION THAT WILL SUSTAIN A LIFETIME OF INTELLECTUAL CURIOSITY, ACTIVE INQUIRY, AND REASONED INDEPENDENCE. A PUGET SOUND EDUCATION, BOTH ACADEMIC AND COCURRICULAR, ENCOURAGES A RICH KNOWLEDGE OF SELF AND OTHERS; AN APPRECIATION OF COMMONALITY AND DIFFERENCE; THE FULL, OPEN, AND CIVIL DISCUSSION OF IDEAS; THOUGHTFUL MORAL DISCOURSE; AND THE INTEGRATION OF LEARNING, PREPARING THE UNIVERSITY'S GRADUATES TO MEET THE HIGHEST TESTS OF DEMOCRATIC CITIZENSHIP. SUCH AN EDUCATION SEEKS TO LIBERATE EACH PERSON'S FULLEST INTELLECTUAL AND HUMAN POTENTIAL TO ASSIST IN THE UNFOLDING OF CREATIVE AND USEFUL LIVES.

Activities or mission (Part I)

DEVELOP STUDENTS TO SUSTAIN INTELLECTUAL CURIOSITY, ACTIVE INQUIRY, & REASONED INDEPENDENCE

  • THE ONLY NATIONAL INDEPENDENT UNDERGRADUATE LIBERAL ARTS COLLEGE IN WESTERN WASHINGTON, PUGET SOUND SERVES APPROXIMATELY 2,000 STUDENTS FROM 46 STATES AND ABROAD, PROVIDING 1,200 CLASSES IN MORE THAN 50 MAJOR AREAS OF STUDY IN THE ARTS, SCIENCES, HUMANITIES, AND SOCIAL SCIENCES, INCLUDING GRADUATE PROGRAMS IN EDUCATION, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, AND PUBLIC HEALTH. THE COLLEGE MAINTAINS A LOW STUDENT-FACULTY RATIO AND PLACES AN EMPHASIS ON EXCELLENCE IN TEACHING. AN ACADEMICALLY RIGOROUS RESIDENTIAL COLLEGE, PUGET SOUND OFFERS A FULL RANGE OF SERVICES TO SUPPORT THE ACADEMIC EXPERIENCE AND STUDENT SUCCESS, INCLUDING ATHLETICS, STUDY ABROAD, COMMUNITY SERVICE, INTERNSHIPS, CAREER PREPARATION, AND LEADERSHIP OPPORTUNITIES. PUGET SOUND ACTIVELY SEEKS AND SUPPORTS A DIVERSITY (SEE SCHEDULE O) OF BACKGROUNDS AND PERSPECTIVES THAT INFORM DEEP AND BROAD LIFELONG LEARNING FOR STUDENTS, FACULTY, STAFF, ALUMNI AND THE BROADER COMMUNITY.

    Expenses $148,778,529 · Grants $54,123,317 · Revenue $129,942,891

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ISIAAH CRAWFORD

    PRESIDENT & TRUSTEE

    Total calculated
    $675,409
    From this org
    $498,242
    From related orgs
    $0
    Other
    $177,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $495,934
    Bonus
    $0
    Other
    $2,308
    Deferred
    $143,637
    Nontaxable benefits
    $33,530
    Filer's total
    $675,409

  • KIM KVAAL

    EXECUTIVE VICE PRESIDENT & CFO

    Total calculated
    $420,970
    From this org
    $356,612
    From related orgs
    $0
    Other
    $64,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $356,612
    Bonus
    $0
    Other
    $0
    Deferred
    $42,716
    Nontaxable benefits
    $21,642
    Filer's total
    $420,970

  • VICTOR MARTIN

    VP FOR UNIVERSITY RELATIONS

    Total calculated
    $418,778
    From this org
    $331,892
    From related orgs
    $0
    Other
    $86,886
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,892
    Bonus
    $0
    Other
    $0
    Deferred
    $60,710
    Nontaxable benefits
    $26,176
    Filer's total
    $418,778

  • JOANNA CAREY CLEVELAND

    VP GENERAL COUNSEL

    Total calculated
    $348,332
    From this org
    $285,720
    From related orgs
    $0
    Other
    $62,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,720
    Bonus
    $0
    Other
    $0
    Deferred
    $33,650
    Nontaxable benefits
    $28,962
    Filer's total
    $348,332

  • MICHAEL JOHNSON

    FACULTY

    Total calculated
    $304,741
    From this org
    $296,384
    From related orgs
    $0
    Other
    $8,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $60,232
    Bonus
    $625
    Other
    $235,527
    Deferred
    $3,545
    Nontaxable benefits
    $4,812
    Filer's total
    $304,741

  • SHERRY SARAH MOORE

    FACULTY

    Total calculated
    $282,041
    From this org
    $276,291
    From related orgs
    $0
    Other
    $5,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $276,291
    Deferred
    $0
    Nontaxable benefits
    $5,750
    Filer's total
    $282,041

  • MATTHEW BOYCE

    VP FOR ENROLLMENT

    Total calculated
    $247,812
    From this org
    $212,904
    From related orgs
    $0
    Other
    $34,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,904
    Bonus
    $0
    Other
    $0
    Deferred
    $13,410
    Nontaxable benefits
    $21,498
    Filer's total
    $247,812

  • NICK KONTOGEORGOPOULOS

    INTERIM PROVOST (THRU 7/23)

    Total calculated
    $237,908
    From this org
    $203,709
    From related orgs
    $0
    Other
    $34,199
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,209
    Bonus
    $20,500
    Other
    $0
    Deferred
    $17,085
    Nontaxable benefits
    $17,114
    Filer's total
    $237,908

  • SARAH COMSTOCK

    VP FOR STUDENT AFFAIRS & DEAN OF STUDENTS

    Total calculated
    $241,590
    From this org
    $207,596
    From related orgs
    $0
    Other
    $33,994
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,596
    Bonus
    $0
    Other
    $0
    Deferred
    $12,534
    Nontaxable benefits
    $21,460
    Filer's total
    $241,590

  • ALLISON CANNADY-SMITH

    AVP FOR CONSTITUENT RELATIONS

    Total calculated
    $225,510
    From this org
    $196,894
    From related orgs
    $0
    Other
    $28,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,269
    Bonus
    $625
    Other
    $105,000
    Deferred
    $5,294
    Nontaxable benefits
    $23,322
    Filer's total
    $225,510

  • PETER H WIMBERGER

    FACULTY

    Total calculated
    $224,080
    From this org
    $215,000
    From related orgs
    $0
    Other
    $9,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,375
    Bonus
    $625
    Other
    $0
    Deferred
    $4,245
    Nontaxable benefits
    $4,835
    Filer's total
    $224,080

  • ANDREW KERKHOFF

    PROVOST (FROM 7/23)

    Total calculated
    $214,715
    From this org
    $198,693
    From related orgs
    $0
    Other
    $16,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,744
    Bonus
    $20,000
    Other
    $1,949
    Deferred
    $7,250
    Nontaxable benefits
    $8,772
    Filer's total
    $214,715

  • LORNA HERNANDEZ JARVIS

    VP INSTITUTIONAL EQUITY & DIVERSITY

    Total calculated
    $213,066
    From this org
    $191,689
    From related orgs
    $0
    Other
    $21,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,689
    Bonus
    $0
    Other
    $0
    Deferred
    $11,526
    Nontaxable benefits
    $9,851
    Filer's total
    $213,066

  • JAMES JASINSKI

    FACULTY

    Total calculated
    $203,474
    From this org
    $194,932
    From related orgs
    $0
    Other
    $8,542
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,932
    Bonus
    $0
    Other
    $0
    Deferred
    $3,726
    Nontaxable benefits
    $4,816
    Filer's total
    $203,474

  • ROBERT KIEF

    AVP FOR FACILITIES SERVICES

    Total calculated
    $197,160
    From this org
    $165,333
    From related orgs
    $0
    Other
    $31,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,708
    Bonus
    $625
    Other
    $0
    Deferred
    $10,456
    Nontaxable benefits
    $21,371
    Filer's total
    $197,160

  • JANET S HALLMAN '84

    AVP FOR FINANCIAL PLANNING & ANALYSIS

    Total calculated
    $166,399
    From this org
    $147,180
    From related orgs
    $0
    Other
    $19,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,555
    Bonus
    $625
    Other
    $0
    Deferred
    $8,970
    Nontaxable benefits
    $10,249
    Filer's total
    $166,399

  • JUSTINE LEVESQUE

    AVP FOR FINANCE

    Total calculated
    $165,655
    From this org
    $140,646
    From related orgs
    $0
    Other
    $25,009
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,021
    Bonus
    $625
    Other
    $0
    Deferred
    $9,097
    Nontaxable benefits
    $15,912
    Filer's total
    $165,655

  • LAURA BEHLING

    FORMER PROVOST

    Total calculated
    $155,355
    From this org
    $131,986
    From related orgs
    $0
    Other
    $23,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,361
    Bonus
    $625
    Other
    $0
    Deferred
    $13,712
    Nontaxable benefits
    $9,657
    Filer's total
    $155,355

  • BETH M PICARDO '83 JD86

    TRUSTEE, CHAIR

    Total calculated
    $0
    Hours/week
    2.3

  • KENNETH W WILLMAN '82 P15 P18

    TRUSTEE, VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.3

  • SHELLY J HEIER '98

    TRUSTEE, TREASURER

    Total calculated
    $0
    Hours/week
    2.3

  • MARIA A ARELLANO '86

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • HEIDI B BROCK '85

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • MITZI W CARLETTI '78

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • RYAN W DUMM '07

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • KATHLEEN M DUNCAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • EMILY S EHRENS '14

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • SUMNER P ERDMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • BRIAN R GROSS '98

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • SCOTT H HIGASHI '91

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • KAREN V JENKINS-JOHNSON '82

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • JEREMY L KORST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • SARAH L LEE '94

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • GWENDOLYN H LILLIS P'0S

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • RYAN E MCANINCH '06

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • SUNSHINE A MORRISON '94

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • CHRISTOPHER R POHLAD '07

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • ROBERT C POHLAD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • LYLE QUASIM 70 HON '05

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • JAMILIA J SHERLS-JONES '05

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • ELIZABETH C STONE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • BRUCE L TITCOMB '80 P'13

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • NICHOLAS D VASILIUS '07

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • ERIK A WALLACE '96

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • DAVID J WATSON '92

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

  • WILLIAM T WEYERHAEUSER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FIRST-CLASS OR CHARTER TRAVEL: THE PRESIDENT IS THE ONLY POSITION REPORTED ON THE FORM 990 FOR WHICH THE UNIVERSITY PAID OR REIMBURSED BUSINESS OR FIRST-CLASS TRAVEL. THE UNIVERSITY DID NOT UTILIZE CHARTERED FLIGHTS FOR AIR TRAVEL. EXTENSIVE TRAVEL IS REQUIRED OF THE POSITION OF PRESIDENT AND THEY ARE ENCOURAGED BY THE BOARD OF TRUSTEES TO TRAVEL BUSINESS OR FIRST CLASS ON FLIGHTS OF TWO HOURS OR MORE. THIS PROVISION IS MADE FOR SEVERAL REASONS 1) BUSINESS OR FIRST-CLASS TRAVEL ALLOWS FOR THE MOST FLEXIBILITY TO ACCOMMODATE A TRAVEL SCHEDULE THAT MUST FREQUENTLY BE ALTERED, OFTEN AT THE LAST MINUTE TO ACCOMMODATE DONORS' SCHEDULES, ADD CRITICAL MEETINGS, OR TO TAKE ADVANTAGE OF OTHER STRATEGIC OPPORTUNITIES FOR THE UNIVERSITY, 2) CIRCUMSTANCES SOMETIMES CALL FOR THE PRESIDENT TO RETURN TO CAMPUS WITHOUT NOTICE, OR TO REMAIN ON CAMPUS WHEN A TRIP WAS PLANNED, AND FIRST OR BUSINESS-CLASS TRAVEL BEST ACCOMMODATES THESE CHANGING CONDITIONS, AND 3) THE BOARD OF TRUSTEES WISHES THE PRESIDENT TO BE AT THEIR BEST PERFORMANCE REPRESENTING AND SEEKING FUNDING FOR THE UNIVERSITY DURING OFTEN GRUELING TRAVEL ITINERARIES FOR MEETINGS FREQUENTLY CRITICAL TO THE INSTITUTION'S WELL-BEING. THIS ACCOMMODATION WAS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS IN THE UNIVERSITY-OWNED PRESIDENT'S RESIDENCE WHERE THEY REGULARLY HOLD UNIVERSITY EVENTS. BECAUSE THE PRESIDENT ACCEPTS THIS REQUIREMENT AS A CONDITION OF EMPLOYMENT, THE RESIDENCE IS ON UNIVERSITY PREMISES, AND IT IS PROVIDED FOR THE CONVENIENCE OF THE UNIVERSITY, UNDER IRS RULES IT IS NOT CONSIDERED A TAXABLE BENEFIT TO THE PRESIDENT. AS REQUIRED BY IRS FORM 990, THE VALUE OF THE PORTION OF THE RESIDENCE USED BY THE PRESIDENT FOR PERSONAL LIVING QUARTERS HAS BEEN ESTIMATED AND IS INCLUDED IN THE AMOUNTS REPORTED ON FORM 990, SCHEDULE J, PART II, COLUMN (D). HEALTH CLUB MEMBERSHIP: THE PRESIDENT'S HEALTH CLUB MEMBERSHIP IS PAID BY THE UNIVERSITY AND REPORTED AS TAXABLE COMPENSATION. PERSONAL SERVICES: THE UNIVERSITY PAYS FOR THE PRESIDENT'S HOUSE CLEANING SERVICES.
PART I, LINES 4A-B
LINE 4A: ALLISON CANNADY-SMITH, $105,000 LINE 4B: IN 2023, ISIAAH CRAWFORD, KIM KVAAL, VICTOR MARTIN, JOANNA CLEVELAND, AND LORNA HERNANDEZ JARVIS PARTICIPATED IN A 457(F) SUPPLEMENTAL RETIREMENT PLAN SUBJECT TO FUTURE VESTING. ISIAAH CRAWFORD, KIM KVAAL, VICTOR MARTIN, AND JOANNA CLEVELAND WERE APPROVED FOR A $100,000, $18,900, $17,600, AND $15,500 CONTRIBUTION TO THEIR 457(F) ACCOUNTS IN 2023. NO OTHER CONTRIBUTIONS WERE RECEIVED IN 2023 OTHER THAN EARNINGS ON UNVESTED BALANCES.
PART II:
OTHER REPORTABLE COMPENSATION UNDER COLUMN B(III) INCLUDES TAXABLE OPTIONAL LIFE INSURANCE, VESTED 457(F) DEFERRED COMPENSATION ACCUMULATION, FACULTY EARLY RETIREMENT, RELOCATION COSTS, AND CAREER CHANGE PLAN DISTRIBUTIONS, AS APPLICABLE TO EACH INDIVIDUAL. COLUMN (C) RETIREMENT AND OTHER DEFERRED COMPENSATION INCLUDES 403(B) RETIREMENT CONTRIBUTIONS, UNVESTED 457(F) DEFERRED COMPENSATION, AND THE ATTRIBUTED INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE FACULTY EARLY RETIREMENT AND CAREER CHANGE PLAN AND POST-RETIREMENT MEDICAL BENEFITS PLAN, AS APPLICABLE TO EACH INDIVIDUAL. COLUMN (D) NONTAXABLE BENEFITS INCLUDE EMPLOYER AND EMPLOYEE PRE-TAX CONTRIBUTIONS TO MEDICAL INCLUDING FACULTY POST-RETIREMENT MEDICAL, DENTAL, DISABILITY, AND LIFE INSURANCE BENEFITS, DEPENDENT TUITION BENEFITS, AND PERSONAL PORTION OF EMPLOYER PROVIDED HOUSING AS A REQUIREMENT OF EMPLOYMENT, AS APPLICABLE FOR EACH INDIVIDUAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • RAINIER HEIGHTS HOLDINGS LLC

    ACCEPT, MANAGE, AND LIQUIDATE REAL ESTATE · WA · income $0 · assets $5,873,089

    Directly controlled by THE UNIVERSITY OF PUGET SOUND

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (11)

    T · BENEFICIAL INTEREST · WA

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202521339349308207

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