2024-05-15T10:51:23+00:00 2023-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-07-01 363377698 Midwestern University MIDW 6305157307 555 31ST STREET DOWNERS GROVE IL 60515 KATHLEEN GOEPPINGER PRESIDENT AND CEO 6305157145 2024-05-15 true KATHLEEN GOEPPINGER 999009999 JENNIFER BURKE P01342224 3128997000 2022 2023-04-26 12:10:37Z KATHLEEN H GOEPPINGER PHD 555 31ST STREET DOWNERS GROVE IL 60515 1948976940 false X WWW. MIDWESTERN.EDU X 1900 IL MIDWESTERN UNIVERSITY DEDICATES THE INSTITUTION AND ITS RESOURCES TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE TO MEET THE EDUCATIONAL NEEDS OF THE HEALTH CARE COMMUNITY. 18 16 4043 3203 20865 0 19470266 8137080 479422019 486419994 18899754 22069324 1750692 1464835 519542731 518091233 8791349 3491338 0 240338106 254761474 0 0 667060 130658716 135414702 379788171 393667514 139754560 124423719 1816520106 1942110046 291024419 280112630 1525495687 1661997416 MIDWESTERN UNIVERSITY'S HISTORICAL AND SUSTAINING PHILOSOPHY DEDICATES THE INSTITUTION AND ITS RESOURCES TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE TO MEET THE EDUCATIONAL NEEDS OF THE HEALTH CARE COMMUNITY. false false 366036284 3491338 487551117 DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2023, MIDWESTERN UNIVERSITY PROVIDED HEALTH SCIENCES EDUCATION SERVICES TO APPROXIMATELY 6,542 PRE-DOCTORAL STUDENTS. THESE STUDENT SERVICES ARE LOCATED ON THREE CAMPUSES, TWO IN ILLINOIS AND ONE IN ARIZONA. MIDWESTERN UNIVERSITY OFFERS HEALTH EDUCATION PROGRAMS IN MEDICINE, PHARMACY, PHYSICIAN ASSISTANCE, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, BIOMEDICAL SCIENCES, PODIATRY, CLINICAL PSYCHOLOGY, PERFUSION SERVICES, NURSE ANESTHETIST, DENTISTRY, OPTOMETRY, VETERINARY MEDICINE, SPEECH LANGUAGE PATHOLOGY, AND GRADUATE EDUCATION PROGRAMS IN MEDICINE, AS WELL AS CONTINUING EDUCATION FOR STAFF AND ALUMNI. MIDWESTERN UNIVERSITY CONTINUED ITS RESEARCH AND TRAINING PROGRAMS WITH THE SUPPORT OF FEDERAL AND PRIVATE FUNDING. MIDWESTERN UNIVERSITY CLINICS VALUE OF DISCOUNTED CARE PROVIDED $23,211,000 VALUE OF FREE CARE PROVIDED $1,938,000 THE MIDWESTERN UNIVERSITY CLINICS OPERATED AT THE ARIZONA AND/OR THE ILLINOIS CAMPUSES INCLUDE DENTAL INSTITUTES, EYE INSTITUTES, MULTISPECIALTY PRACTICES, THERAPY INSTITUTE, AND ANIMAL HEALTH INSTITUTE DESIGNED TO PROVIDE CLINICAL TEACHING SITES AND MEET A WIDE-RANGE OF HEALTHCARE NEEDS OF AREA PATIENTS. IN ACCORDANCE WITH THE UNIVERSITY'S ACADEMIC MISSION, THE FEE SCHEDULES AT THE TWO DENTAL INSTITUTES HAVE BEEN REDUCED TO APPROXIMATELY 50% OR MORE OF USUAL AND CUSTOMARY CHARGES. AS A RESULT, DURING FISCAL YEAR ENDED JUNE 30, 2023, MWU PATIENTS PAID $23,211,000 LESS IN PATIENT SERVICE FEES THAN THEY WOULD HAVE HAD MWU CHARGED USUAL AND CUSTOMARY FEES. ALSO, THE UNIVERSITY HAS A DISCOUNT PROGRAM WHEREBY LOW-INCOME INDIVIDUALS CAN APPLY FOR FREE CARE AT MWU CLINICS BASED ON THE FEDERAL POVERTY GUIDELINES. THE TOTAL DISCOUNTS IN FISCAL YEAR ENDED JUNE 30, 2023, WERE $993,000 AT STATED PATIENT SERVICE CHARGES. HAD MWU CHARGED USUAL AND CUSTOMARY FEES, THE VALUE OF THE DISCOUNTS WOULD HAVE BEEN $1,938,000. 366036284 true true false true false false false true true true false false false true false false true true false true false false false true false false true true true true false false false false false false false false false true true false false false false true true true true false true 9161 0 true 4043 true true true false false false false true true false false false false true false X 18 16 false false false false false false false true true false false true true true true true true true true false X MATTHEW SWEENEY CPA 6305157307 555 31ST STREET DOWNERS GROVE IL 60515 JANET R BOLTON CFP CIMA CHAIRPERSON, TRUSTEE 1.0 1.0 X X 0 0 0 JEAN L BAXTER JD VICE CHAIRPERSON, TRUSTEE 1.0 1.0 X X 0 0 0 KATHLEEN H GOEPPINGER PHD PRESIDENT, CEO, TRUSTEE 40.0 1.0 X X 2994092 0 49892 KENNETH R HERLIN SECRETARY, TREASURER, TRUSTEE 1.0 1.0 X X 0 0 0 BARBARA J RALSTON TRUSTEE, THROUGH AUGUST 2022 1.0 0.0 X 0 0 0 CHARA REID-REED PHARM D Trustee 1.0 0.0 X 0 0 0 GREGORY J GAUS TRUSTEE 1.0 1.0 X 0 0 0 JOHN LADOWICZ TRUSTEE 1.0 0.0 X 0 0 0 KEVIN D LEAHY TRUSTEE 1.0 1.0 X 0 0 0 MADELINE R LEWIS DO TRUSTEE 1.0 1.0 X 0 0 0 MARILYN KENT TAPAJNA TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J BLEND PHD DO TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL M BOND DO TRUSTEE AS OF DECEMBER 6, 2022 1.0 0.0 X 0 0 0 MICHAEL P KAMRADT TRUSTEE 1.0 0.0 X 0 0 0 NICHOLAS C ZAGOTTA JD TRUSTEE AS OF DECEMBER 6, 2022 1.0 0.0 X 0 0 0 RONALD D TUCKER TRUSTEE 1.0 0.0 X 0 0 0 Sr ANNE C LEONARD LIFE TRUSTEE AS OF DECEMBER 6, 2022 0.0 0.0 X 0 0 0 STEVEN R CHANEN TRUSTEE 1.0 0.0 X 0 0 0 WARREN B GRAYSON JD TRUSTEE 1.0 1.0 X 0 0 0 AMY GIBSON VICE PRESIDENT, HUMAN RESOURCES GANIZATIONAL DEVELOPMENT 40.0 0.0 X 353767 0 32656 ANGELA MARTY MS SR. VICE PRESIDENT ADMINISTRATION AND COMMUNICATIONS 40.0 0.0 X 637253 0 59726 BARBARA L MCCLOUD ESQ VICE PRESIDENT & GENERAL COUNSEL 40.0 0.0 X 634203 0 44737 DANIEL TAPIA VICE PRESIDENT OF OPERATIONS 40.0 0.0 X 487455 0 59114 DEAN P MALONE VICE PRESIDENT, SPECIAL ASSISTANT FOR FINANCE, LAST DAY OF WORK 7/1/2022 40.0 1.0 X 566438 0 46690 GREGORY L O'COYNE VICE PRESIDENT, FINANCE 40.0 1.0 X 428688 0 54030 JOSHUA C BAKER SR. VICE PRESIDENT & CHIEF ACADEMIC OFFICER 40.0 0.0 X 781795 0 60532 KAILA M DOUGHERTY VICE PRESIDENT, CLINIC OPERATIONS 40.0 0.0 X 286388 0 51942 KATHLEEN N PLAYER EDD VICE PRESIDENT & CHIEF ACADEMIC OFFICER, LAST DAY OF WORK 07/01/2022 40.0 0.0 X 599943 0 43060 KYLE H RAMSEY PHD VICE PRESIDENT & CHIEF ACADEMIC OFFICER 40.0 0.0 X 650265 0 59943 MARY LEE PHARM D VICE PRESIDENT, ASSISTANT TO THE PRESIDENT 40.0 0.0 X 304074 0 30608 MATTHEW J SWEENEY ASSISTANT TREASURER, CFO, VICE PRESIDENT 40.0 1.0 X 560154 0 59606 YIR GLORIA YUEH VICE PRESIDENT, CHIEF ACADEMIC OFFICER 40.0 0.0 X 500474 0 40454 HAROLD J HAERING DEAN, COLLEGE OF DENTAL MEDICINE - ILLINOIS 40.0 0.0 X 523053 0 51908 LORI A KEMPER DO DEAN OF MEDICINE 40.0 0.0 X 535573 0 52187 MITCHELL R EMERSON DEAN, COLLEGES OF PHARMACY 40.0 0.0 X 516345 0 59464 ROSS J KOSINSKI PHD DEAN STUDENT SERVICES 40.0 0.0 X 575444 0 51908 THOMAS A BOYLE DO DEAN OF MEDICINE 40.0 0.0 X 542475 0 52181 12477879 0 960638 621 false true false CHANEN CONSTRUCTION 3300 N THIRD ST PHOENIX AZ 85067 GENERAL CONTRACTOR 14700542 METRO CLEANING COMPANY 8349 W DESERT SPOON Peoria AZ 85383 JANITORIAL SERVICES 3981093 Chartwells Dining Service 2400 Yorkmont Rd Charlotte NC 28217 Cafeteria Services 1737805 DWL Architects Planners Inc 2333 North Central Avenue Phoenix AZ 85004 Architectural Services 1285928 Building Services of America 10216 Werch Drive Woodridge IL 60517 Janitorial Services 1261686 50 101332 3615964 4419784 70534 8137080 TUITION & FEES 611310 452098103 452098103 POST-DOCTORATE PROGRAM 611310 182046 182046 CLINICAL REVENUE 621400 29225421 29225421 STUDENT HOUSING 721310 4914424 4914424 0 0 0 0 486419994 23138328 20865 23117463 0 0 1429757271 1430826275 -1069004 0 -1069004 -1069004 13958 101332 52590 -38632 -38632 14971 6842 8129 8129 CO-FUNDED FACULTY 561499 677154 677154 STUDENT LOAN INTEREST 561499 166814 166814 Misc Student Fees 561499 81202 81202 570168 205953 0 364215 1495338 518091233 487551117 20865 22382171 43996 43996 3447342 3447342 8071584 4670359 3401225 191622627 180563631 10684477 374519 16218598 15183656 1008138 26804 25957295 24377473 1538904 40918 12891370 11973558 894041 23771 1725665 1119848 605817 715000 71500 643500 258222 258222 1587026 129086 1457940 14792345 13604792 1187525 28 1264965 1000173 264667 125 23242585 21622244 1563014 57327 3955392 3870860 84428 104 7476662 7294342 182320 1667502 1454504 208724 4274 1542709 1510675 29041 2993 3039537 2937253 102284 42194543 41294808 899735 1387728 812288 573796 1644 CLINICAL FACULTY SERVICES 8930683 8930683 STUDENT HOUSING EXPENSE 5567516 5567516 EDUCATION EXPENSE 2237383 2235142 2229 12 BOOKS & PERIODICALS 2632439 2631839 600 11196800 9688716 1373543 134541 393667514 366036284 26964170 667060 54298900 26106722 1523562 2195140 5877993 5413366 0 0 0 0 1932393 1709702 5152783 6608056 1250551988 514367091 729016139 736184897 881612718 1028592815 78956642 79575208 30075667 27362214 28073309 28361926 1816520106 1942110046 52126716 54898242 1429452 1393532 54004249 51814834 138662651 129124636 0 0 44801351 42881386 291024419 280112630 X 1496479764 1629925670 29015923 32071746 1525495687 1661997416 1816520106 1942110046 X 124423719 17570349 -5492339 X false true X true true true X 4745623 6100212 9288854 19470266 8137080 47742035 0 0 0 0 0 0 0 0 0 0 0 0 4745623 6100212 9288854 19470266 8137080 47742035 6714344 41027691 14340203 11719022 6558720 10284382 23138328 66040655 0 0 0 0 0 0 1442091 1524917 720839 461667 538965 4688479 118471169 2370693472 0.3463 0.3687 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - STUDENT LOAN INTEREST, COLUMN A - 669528.0, COLUMN B - 556509.0, COLUMN C - 170245.0, COLUMN D - 163006.0, COLUMN E - 166814.0, COLUMN F - 1726102.0; DESCRIPTION - WASHING MACHINE REVENUE, COLUMN A - 14474.0, COLUMN B - 11599.0, COLUMN C - 9465.0, COLUMN D - 6553.0, COLUMN E - 0.0, COLUMN F - 42091.0; DESCRIPTION - CAMPUS RENTAL, COLUMN A - 35450.0, COLUMN B - 31075.0, COLUMN C - 39825.0, COLUMN D - 13575.0, COLUMN E - 74533.0, COLUMN F - 194458.0; DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - 298526.0, COLUMN B - 499864.0, COLUMN C - 360199.0, COLUMN D - 52665.0, COLUMN E - 54020.0, COLUMN F - 1265274.0; DESCRIPTION - CREDIT CARD FEE REVENUE SHARE, COLUMN A - 173788.0, COLUMN B - 165876.0, COLUMN C - 102609.0, COLUMN D - 129152.0, COLUMN E - 161140.0, COLUMN F - 732565.0; DESCRIPTION - ALUMNI ASSOCIATION DUES, COLUMN A - 30616.0, COLUMN B - 3588.0, COLUMN C - 23250.0, COLUMN D - 22925.0, COLUMN E - 12350.0, COLUMN F - 92729.0; DESCRIPTION - LATE CHARGES, COLUMN A - 13479.0, COLUMN B - 11259.0, COLUMN C - 16157.0, COLUMN D - 31672.0, COLUMN E - 21991.0, COLUMN F - 94558.0; DESCRIPTION - CONVENIENCE CHARGE REVENUE, COLUMN A - 5205.0, COLUMN B - 3637.0, COLUMN C - 929.0, COLUMN D - 3703.0, COLUMN E - 2407.0, COLUMN F - 15881.0; DESCRIPTION - MWU STUDENT SICK VISIT REVENUE, COLUMN A - 99090.0, COLUMN B - 152442.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 251532.0; DESCRIPTION - FITNESS PROGRAM REVENUE, COLUMN A - 23666.0, COLUMN B - 5905.0, COLUMN C - 455.0, COLUMN D - 4870.0, COLUMN E - 4535.0, COLUMN F - 39431.0; DESCRIPTION - VENDING MACHINES REVENUE, COLUMN A - 5798.0, COLUMN B - 3354.0, COLUMN C - 0.0, COLUMN D - 5596.0, COLUMN E - 8359.0, COLUMN F - 23107.0; DESCRIPTION - ALUMNI EVENTS, COLUMN A - 700.0, COLUMN B - 5700.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 6400.0; DESCRIPTION - PENALTY CHARGES, COLUMN A - 282.0, COLUMN B - 6489.0, COLUMN C - -3435.0, COLUMN D - 321.0, COLUMN E - 181.0, COLUMN F - 3838.0; DESCRIPTION - PARKING FINES, COLUMN A - 4266.0, COLUMN B - 4780.0, COLUMN C - 470.0, COLUMN D - 5745.0, COLUMN E - 3000.0, COLUMN F - 18261.0; DESCRIPTION - RETURNED CHECK FEES, COLUMN A - -55.0, COLUMN B - -255.0, COLUMN C - -210.0, COLUMN D - -30.0, COLUMN E - -120.0, COLUMN F - -670.0; DESCRIPTION - COPY CENTER CHGS, COLUMN A - 1568.0, COLUMN B - 1161.0, COLUMN C - 880.0, COLUMN D - 914.0, COLUMN E - 826.0, COLUMN F - 5349.0; DESCRIPTION - LATE-FEE HEALTH INSURANCE, COLUMN A - 3535.0, COLUMN B - 6265.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 9800.0; DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 62175.0, COLUMN B - 55669.0, COLUMN C - 0.0, COLUMN D - 18429.0, COLUMN E - 13958.0, COLUMN F - 150231.0; DESCRIPTION - GROSS INCOME FROM GAMING ACTIVITIES, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 2571.0, COLUMN E - 14971.0, COLUMN F - 17542.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true false false false false false true 2000 false true 256222 258222 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY SCHEDULE C, PART II-B, LINE 1A MIDWESTERN UNIVERSITY STUDENTS ATTEND NATIONAL DO DAY ON CAPITOL HILL REPRESENTING THEIR PROFESSION. DO'S EDUCATE MEMBERS OF CONGRESS AND THEIR STAFF ABOUT OSTEOPATHIC MEDICINE AND COMMUNICATE THEIR POSITIONS ON IMPORTANT HEALTH POLICY ISSUES WHERE APPROPRIATE. SCHEDULE C, PART II-B, LINE 1G IN THE ORDINARY COURSE OF ITS BUSINESS, THE UNIVERSITY MAY HAVE DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS OR A LEGISLATIVE BODY ON A VARIETY OF LEGISLATIVE MATTERS DIRECTLY RELATED TO AND AFFECTING THE UNIVERSITY'S OPERATIONS and EDUCATIONAL PURPOSES. SCHEDULE C, PART II-B, LINE 1I THE UNIVERSITY ENGAGES TWO PART-TIME THIRD-PARTY LOBBYISTS IN ORDER TO MONITOR LEGISLATIVE MATTERS RELATED TO THE UNIVERSITY'S OPERATIONS AND EDUCATIONAL PURPOSE. THE AMOUNTS INCLUDED IN PART II-B, LINE 1I ARE RELATED DIRECTLY TO SUCH PURPOSES. false false 29015923 3823557 1226315 1485485 206201 302363 32071746 19820657 10192308 710553 1238698 228744 240153 29015923 18335602 2407653 667946 1268598 219790 102156 19820657 16883400 1452202 2082715 1380209 592469 110037 18335602 15890604 1693165 499403 2064057 -1008728 144443 16883400 0.0 0.3018 0.6982 false false 39082768 39082768 1008098079 365334541 642763538 185758903 149032550 36726353 17612238 17612238 736184897 OTHER CURRENT LIABILITIES 6878877 SELF-INSURANCE LIABILITIES 8533699 REFUNDABLE FEDERAL STUDENT LOAN 13809505 RETIREE BENEFITS 3681478 DEFERRED COMPENSATION Lease Obligation 2238476 Interest Rate Protection Agreements 7739351 42881386 Schedule D, Part V, Line 4 Intended uses of endowment funds RESTRICTED ENDOWMENT FUNDS ARE USED BASED ON DONOR INTENT. THE UNIVERSITY HAS NOT RELIED ON ENDOWMENT SPENDING TO SUPPORT OPERATIONS OR STUDENT SCHOLARSHIPS. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY MIDWESTERN UNIVERSITY MAINTAINS NONDISCRIMINATORY POLICIES FOR ALL STUDENTS REGARDLESS OF RACE, COLOR, GENDER, GENDER IDENTITY, GENETIC INFORMATION, SEX, SEXUAL ORIENTATION, RELIGION, NATIONAL ORIGIN, ETHNIC ORIGIN, DISABILITY, STATUS AS A VETERAN, MARITAL STATUS, PREGNANCY STATUS, OR AGE. THE NONDISCRIMINATORY POLICIES ARE PUBLISHED IN THE FOLLOWING: 1) THE AACOMAS (AMERICAN ASSOCIATION OF COLLEGES OF OSTEOPATHIC MEDICINE) 2) STUDENT HANDBOOK 3) COURSE CATALOG 4) WEB PAGE Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT MIDWESTERN UNIVERSITY RECEIVED FEDERAL RESEARCH AWARDS AND PARTICIPATES IN FEDERAL LOAN PROGRAMS. Central America and the Caribbean 0 0 Investments N/A 56398000 North America (Canada & Mexico only) 0 0 Investments N/A 1107000 Europe (Including Iceland and Greenland) 0 0 Investments N/A 3410000 0 0 0 0 0 0 60915000 0 60915000 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual Downers Grove, IL Golf Outing 64850 58713 6137 1646 19984 6479 Glendale, AZ Golf Outing 50440 42619 7821 2124 15721 6636 0 115290 101332 13958 3770 35705 13115 52590 -38632 true INDIAN AMERICAN MEDICAL ASSOCIATION CHARITABLE FOUNDATION 2645 WEST PETERSON AVE CHICAGO IL 60659 393910201 501 (C)(3) 20000 INDIAN AMERICAN MEDICAL ASSOCIATION CHARITABLE FOUNDATION: TO ADVANCE THE CHARITABLE MISSION OF PROVIDING FREE PRIMARY HEALTHCARE TO UNDER SERVED AND UNDER PRIVILEGED MEMBERS OF THE COMMUNITY. Greater Phoenix Economic Council Two North Central Avenue No 2500 Phoenix AZ 850042389 860539979 501 (c)(3) 7500 Donation to attract and grow quality businesses and advocate for Greater Phoenix's competitiveness. Health and Medicine Policy Research Group 29 E MADISON STREET RM/STE 602 CHICAGO IL 60602 363143826 501(c)(3) 5500 Donation in support of the Chicago Area Schweitzer Fellows Program at Health & Medicine Policy Research Group 3 0 STUDENT SCHOLARSHIPS, AWARDS, & GRANTS 372 2637423 STUDENT NEED-BASED SCHOLARSHIPS 118 778917 STUDENT LOAN FORGIVENESS 20 31002 Schedule I, Part III, Column (a) LINE 3: TYPE OF GRANT STUDENT LOAN FORGIVENESS - MIDWESTERN UNIVERSITY FROM TIME TO TIME FORGIVES THE LOANS OF FORMER STUDENTS DUE TO BANKRUPTCY, DEATH AND/OR DISABILITY. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. MIDWESTERN UNIVERSITY AWARDS ITS INSTITUTIONAL SCHOLARSHIPS TO QUALIFIED STUDENTS BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT, AND COMMUNITY SERVICE. EACH SCHOLARSHIP PROGRAM HAS DIFFERENT ELIGIBILITY REQUIREMENTS, APPLICATION DEADLINES AND SEPARATE APPLICATION PROCEDURES. APPLICATIONS FOR THESE SCHOLARSHIPS ARE ACCEPTED THROUGHOUT THE YEAR. SCHOLARSHIP AWARDS CAN RANGE FROM A FEW HUNDRED DOLLARS TO SEVERAL THOUSAND DOLLARS. ONCE THE SCHOLARSHIP RECIPIENT HAS BEEN SELECTED AND THE SCHOLARSHIP AWARD DETERMINED, THE OFFICE OF STUDENT FINANCIAL SERVICES IS NOTIFIED BY THE SCHOLARSHIP COMMITTEE OR DEPARTMENT. THE SCHOLARSHIP AWARD IS CREDITED TO THE STUDENT'S ACCOUNT. THE UNIVERSITY HAS WRITTEN POLICIES AND PROCEDURES AND MAINTAINS RECORDS FOR GRANT AND SCHOLARSHIPS AWARDED TO ITS STUDENTS. X X X true true X X X X false true false false false false false false false KATHLEEN H GOEPPINGER PHD PRESIDENT, CEO, TRUSTEE 897118 0 650905 0 1446069 0 30500 0 19392 0 3043984 0 668000 0 JOSHUA C BAKER SR. VICE PRESIDENT & CHIEF ACADEMIC OFFICER 502651 0 195030 0 84114 0 30500 0 30032 0 842327 0 0 0 KYLE H RAMSEY PHD VICE PRESIDENT & CHIEF ACADEMIC OFFICER 443074 0 132606 0 74585 0 30500 0 29443 0 710208 0 0 0 ANGELA MARTY MS SR. VICE PRESIDENT ADMINISTRATION AND COMMUNICATIONS 374956 0 187500 0 74797 0 30500 0 29226 0 696979 0 0 0 BARBARA L MCCLOUD ESQ VICE PRESIDENT & GENERAL COUNSEL 437308 0 119146 0 77749 0 30500 0 14237 0 678940 0 0 0 KATHLEEN N PLAYER EDD VICE PRESIDENT & CHIEF ACADEMIC OFFICER, LAST DAY OF WORK 07/01/2022 407420 0 152680 0 39843 0 30500 0 12560 0 643003 0 0 0 MATTHEW J SWEENEY ASSISTANT TREASURER, CFO, VICE PRESIDENT 406091 0 132443 0 21620 0 30500 0 29106 0 619760 0 0 0 DEAN P MALONE VICE PRESIDENT, SPECIAL ASSISTANT FOR FINANCE, LAST DAY OF WORK 7/1/2022 410027 0 123438 0 32973 0 30500 0 16190 0 613128 0 0 0 DANIEL TAPIA VICE PRESIDENT OF OPERATIONS 358603 0 117563 0 11289 0 30500 0 28614 0 546569 0 0 0 YIR GLORIA YUEH VICE PRESIDENT, CHIEF ACADEMIC OFFICER 385199 0 86770 0 28505 0 30500 0 9954 0 540928 0 0 0 GREGORY L O'COYNE VICE PRESIDENT, FINANCE 319061 0 104163 0 5464 0 25640 0 28390 0 482718 0 0 0 AMY GIBSON VICE PRESIDENT, HUMAN RESOURCES GANIZATIONAL DEVELOPMENT 344225 0 0 0 9542 0 30500 0 2156 0 386423 0 0 0 KAILA M DOUGHERTY VICE PRESIDENT, CLINIC OPERATIONS 279058 0 0 0 7330 0 29158 0 22784 0 338330 0 0 0 MARY LEE PHARM D VICE PRESIDENT, ASSISTANT TO THE PRESIDENT 271796 0 0 0 32278 0 27215 0 3393 0 334682 0 0 0 ROSS J KOSINSKI PHD DEAN STUDENT SERVICES 399437 0 109076 0 66931 0 30500 0 21408 0 627352 0 0 0 THOMAS A BOYLE DO DEAN OF MEDICINE 391026 0 87903 0 63546 0 30500 0 21681 0 594656 0 0 0 LORI A KEMPER DO DEAN OF MEDICINE 393404 0 78273 0 63896 0 30500 0 21687 0 587760 0 0 0 MITCHELL R EMERSON DEAN, COLLEGES OF PHARMACY 387378 0 74803 0 54164 0 30500 0 28964 0 575809 0 0 0 HAROLD J HAERING DEAN, COLLEGE OF DENTAL MEDICINE - ILLINOIS 381564 0 100623 0 40866 0 30500 0 21408 0 574961 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel THE UNIVERSITY ALLOWS FOR FIRST CLASS TRAVEL FOR ITS President/CEO, SR VP/CFO, SR VP/CAO, AND THE SR. VP OF ADMINISTRATION AND COMMUNICATIONS AND ALLOWS FOR OTHER KEY EMPLOYEES WITH RESPONSIBILITIES ON BOTH CAMPUSES TO PURCHASE FIRST CLASS UPGRADES. FIRST CLASS TRAVEL IS NOT CONSIDERED COMPENSATION. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments THE UNIVERSITY PROVIDES CERTAIN OFFICERS AND EMPLOYEES WITH TAX GROSS UP PAYMENTS. FOR ONE EMPLOYEE, THE UNIVERSITY PROVIDES A TAX GROSS UP ON CAR ALLOWANCES. THE UNIVERSITY ALSO PROVIDES A CURRENT PAYMENT IN LIEU OF A CONTRIBUTION TO ITS QUALIFIED RETIREMENT PLAN TO EMPLOYEES WHOSE COMPENSATION EXCEEDS CODE LIMITS ON CONTRIBUTIONS TO THE QUALIFIED PLANS. GROSS UPS ARE PAID ON SUCH PAYMENTS TO ACCOUNT FOR THE FACT THAT SUCH PAYMENTS ARE NOT SUBJECT TO DEFERRAL AND OTHER TAX BENEFITS ASSOCIATED WITH QUALIFIED RETIREMENT PLANS. THE UNIVERSITY PROVIDES TUITION ASSISTANCE TO ALL LEVELS OF EMPLOYEES WHOSE DEPENDENTS ATTEND THE UNIVERSITY. THIS BENEFIT IS TAXABLE AND INCLUDES A TAX GROSS UP PAYMENT. LISTED ON SCHEDULE J PART II, RECIPIENTS WHO RECEIVED THE BENEFIT: ANGELA MARTY MS, SR. VP ADMINISTRATION AND COMMUNICATIONS $19,943 Schedule J, Part I, Line 1a Health or social club dues or initiation fees IN 2016, THE UNIVERSITY PAID SOCIAL/COUNTRY CLUB DUES FOR THE CEO AS PROVIDED FOR IN THE CEO'S EMPLOYMENT CONTRACT. THE SOCIAL CLUB DUES PAID IN 2016 COVERED A MULTI-YEAR MEMBERSHIP. THE CLUB IS USED FOR BUSINESS PURPOSES ONLY AND IS THEREFORE NOT TAXABLE TO THE INDIVIDUAL. THE UNIVERSITY PAID ADMIRAL CLUB DUES FOR CERTAIN OFFICERS AND EMPLOYEES WHO TRAVEL BETWEEN GLENDALE, ARIZONA AND DOWNERS GROVE, ILLINOIS. LISTED ON SCHEDULE J, PART II, RECIPIENTS WHO RECEIVED THE BENEFIT: DEAN MALONE, VP SPECIAL ASSISTANT FOR FINANCE $550 ANGELA MARTY, VP, HUMAN RESOURCES AND ADMIN $550 KATHY PLAYER, VP, CAO HEALTH SCIENCES $500 JOSHUA BAKER, VP, CAO OPTOMETRY, PHARMACY, AND VETERINARY Education $550 BARBARA L. MCCLOUD ESQ, VP & GENERAL COUNSEL $500 MATTHEW J SWEENEY, ASSISTANT TREASURER/CFO/SENIOR VP $600 DANIEL TAPIA, VICE PRESIDENT OF OPERATIONS $650 GREGORY L O'COYNE, VP FINANCE $625 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The Midwestern University Supplemental Executive Retirement Plan II (The "Plan"), effective June 30, 2017, was established for the benefit of Dr. Kathleen Goeppinger, the President and Chief Executive Officer ("CEO") of the University. During calendar year ended December 31, 2022, Dr. Goeppinger vested and was taxed on the final installment payable under her supplemental executive retirement plan in the amount of $1,203,421 of which $668,000 is also reported on Schedule J, Part II, Column F, Compensation reported as deferred on prior Form 990. The consulting firm of Korn Ferry Hay Group was retained to construct a proposal to establish the Plan and to review the President and CEO's total compensation, the results of which were reviewed and approved by both the Executive Compensation Committee of the Board of Trustees and the full Board of Trustees. Schedule J, Part I, Line 7 DETERMINATION OF BONUS & INCENTIVE COMPENSATION LISTED OFFICERS AND DEANS CAN RECEIVE AT-RISK COMPENSATION WHICH IS A PERCENTAGE OF THEIR BASE COMPENSATION AS ADDITIONAL COMPENSATION, BASED UPON ATTAINMENT OF VARIOUS PREDETERMINED PERFORMANCE RELATED GOALS FOR THE INDIVIDUALS INVOLVED, ALL AS REFLECTED IN COMPREHENSIVE WRITTEN PERFORMANCE APPRAISALS, AND AT RISK INCENTIVE GOALS. A GLENDALE AZ IDA SERIES 2013 BONDS 521767454 000000000 2013-11-13 106430000 SEE SCHEDULE K, PART VI false false false B GLENDALE AZ IDA SERIES 2020 BONDS 521767454 378286KP2 2020-03-25 54577881 SEE SCHEDULE K PART VI false false false C GLENDALE AZ IDA SERIES 2022 BONDS 521767454 378286LE6 2022-03-24 29049366 SEE SCHEDULE K PART VI false false false A 45495000 0 106430000 0 0 0 0 0 0 30000000 76430000 0 2013 true false true true B 10615000 0 54578575 5198194 0 0 0 0 0 0 49380381 0 2020 true false true true C 7109366 0 29049366 0 0 0 0 0 0 0 29049366 0 2022 true false true true A false false true true true true 0.0 0.0 0.0 false false true B false false true true true true 0.0 0.0 0.0 false false true C false false true true true true 0.0 0.0 0.0 false false true A false false false true true false false false true B false false false true false true ROYAL BANK OF CANADA 3.2 true true false false true C false true true false true Royal Bank of Canada 1.8 false true false false true A true B true C true Schedule K, Part I, Column (f) Line A - Description of purpose PROCEEDS FROM THE SALE OF THE BONDS WERE USED TO REIMBURSE FOR PROJECTS ASSOCIATED WITH THE PROGRAMS AND CAMPUS EXPANSIONS OF THE UNIVERSITY, AND THE PROCEEDS WERE ALSO USED TO REFUND THE REMAINING AMOUNT OF THE SERIES 2008 BONDS ISSUED ON MAY 15, 2008, AND THE SERIES 2011 BONDS ISSUED SEPTEMBER 28, 2011. Schedule K, Part I, Column (f) Line B - Description of purpose PROCEEDS FROM THE SALE OF THE BONDS WERE USED TO REFUND THE REMAINING AMOUNT OF THE SERIES 2010 BONDS ISSUED ON MAY 27, 2010. Schedule K, Part I, Column (f) Line C - Description of purpose PROCEEDS FROM THE SALE OF THE BONDS WERE USED TO REFUND THE REMAINING AMOUNT OF THE SERIES 2007 BONDS ISSUED ON APRIL 18, 2007. Schedule K, Part II, Line 3 Total proceeds of issue THE TOTAL AMOUNT OF BOND PROCEEDS IS DIFFERENT FROM THE BOND ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) BECAUSE OF THE ADDITION OF INVESTMENT EARNINGS. Schedule K, Part III, Line 3b Bond counsel review of management or service contracts MIDWESTERN UNIVERSITY UTILIZES BOND COUNSEL TO REVIEW ANY MANAGEMENT OR SERVICE CONTRACTS RELATING TO THE BOND FINANCED PROPERTY. Schedule K, Part III, Line 3c Private business use MIDWESTERN UNIVERSITY UTILIZES THE BOND-FINANCED FACILITIES TO CONDUCT RESEARCH SPONSORED BY CHARITABLE ORGANIZATIONS CREATED PURSUANT TO SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. TO OUR KNOWLEDGE, THIS RESEARCH FALLS WITHIN THE EXEMPT PURPOSES OF SUCH SPONSORS AND, ACCORDINGLY, WOULD NOT BE TREATED AS PRIVATE BUSINESS USE OF FINANCED PROPERTY. Schedule K, Part III, Line 3d Bond counsel review of research agreements MIDWESTERN UNIVERSITY UTILIZES BOND COUNSEL TO REVIEW ANY RESEARCH AGREEMENTS RELATING TO THE BOND FINANCED PROPERTY. Schedule K, Part IV, Line 2c COLUMN A Issuer name: GLENDALE, AZ IDA SERIES 2013 BONDS The calculation for computing no rebate due was performed on 12/06/2022 Schedule K, Part IV, Line 2c COLUMN B Issuer name: GLENDALE, AZ IDA SERIES 2020 BONDS The calculation for computing no rebate due was performed on 04/10/2023 CHANEN CONSTRUCTION COMPANY INC SEE SCHEDULE L, PART V 14956021 GENERAL CONTRACTING false Schedule L, Part IV INTERESTED PERSON: CHANEN CONSTRUCTION COMPANY, INC. RELATIONSHIP: STEVEN R CHANEN IS THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF CHANEN CONSTRUCTION COMPANY, INC. AND A MEMBER OF THE BOARD OF TRUSTEES OF MIDWESTERN UNIVERSITY. CHANEN CONSTRUCTION COMPANY, INC. HAS PROVIDED GENERAL CONTRACTING SERVICES ON NUMEROUS MAJOR UNIVERSITY CONSTRUCTION PROJECTS OVER MANY YEARS. TRANSACTION: THE UNIVERSITY PAYS CHANEN CONSTRUCTION COMPANY, INC. AS THE GENERAL CONTRACTOR FOR UNIVERSITY CONSTRUCTION PROJECTS. THE AMOUNTS LISTED ON SCHEDULE L, COLUMN (C) THAT ARE REFERRED TO HERE ARE FOR THOSE SERVICES DURING THE TAXABLE YEAR. MR. CHANEN WAS ELECTED TO THE UNIVERSITY'S BOARD OF TRUSTEES AS OF JANUARY 16, 2015. UNDER THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, MR. CHANEN DOES NOT PARTICIPATE IN THE APPROVAL BY THE BOARD OF TRUSTEES OF THE UNIVERSITY'S CONTRACTING AGREEMENTS WITH CHANEN CONSTRUCTION FOR ANY OF THE SERVICES PROVIDED BY CHANEN CONSTRUCTION. ARRANGEMENTS BETWEEN CHANEN CONSTRUCTION AND THE UNIVERSITY HAVE ALWAYS BEEN AND CONTINUE TO BE CONDUCTED ON AN ARMS LENGTH, FAIR MARKET VALUE BASIS. X 26700 Other X A horse named Nutmeg 1 2000 Market value X A horse named Casino 1 2000 Market value X Horse named AL 1 2000 Market value X Lingraphica TouchTalk Communication System 1 6000 Market value X Dental Articulator 6 4200 Market value X TOBII DYNAVOX I12+ SPEECH GENERATING DEVICE, ROLLING FLOOR MOUNT, WHEELCHAIR MOUNT, PERIPHERALS 4 13787 Market value X CCOM old logo glass and folder of student council minutes 2 200 Market value X Print Sponsorship - sponsored printing and postage of Golf invitations 1 355 Cost X RAFFLE ITEMS - FUNDRAISING 46 6842 Market value X Formal Living Room Arm Chair 1 250 Market value X Baker's Rack 1 175 Market value X Breakfast Table and Two Chairs 1 800 Market value X Entry Table Cabinet 1 1700 Market value X Patio Table and Four Chairs 1 350 Market value X Corner Shelving Unit 1 75 Market value X Oak Television Wall Unit 1 400 Market value X Oak Double Bookshelf Unit 1 900 Market value X Formal Dining Table and Six Chairs 1 1800 Market value 0 false true false Schedule M, Part I, Line 31 Review of nonstandard contributions FOR THE TYPE OF PROPERTY ON SCHEDULE M, PART I, COLUMN B, THE UNIVERSITY REPORTS THE NUMBER OF ITEMS RECEIVED DURING THE YEAR. THE UNIVERSITY HAS AN ACCEPTANCE POLICY FOR NON-STANDARD CONTRIBUTIONS, WHICH IS REVIEWED BY MANAGEMENT. Form 990, Part I, Line 6 NUMBER OF VOLUNTEERS NUMBER OF VOLUNTEERS CONSISTS PRIMARILY OF ADJUNCT/VOLUNTEER (UNCOMPENSATED) FACULTY PROVIDING TEACHING SERVICES FOR THE UNIVERSITY'S VARIOUS HEALTHCARE EDUCATIONAL SERVICES (3,187), AS WELL AS UNCOMPENSATED MEMBERS OF THE BOARD OF TRUSTEES (16). Form 990, Part IV, Line 9 PART IV, LINE 9 AND SCHEDULE D, PART IV CREDIT COUNSELING, DEBT MANAGEMENT SERVICES THE UNIVERSITY ANSWERED "YES" AT FORM 990, PART IV, LINE 9, ONLY BECAUSE IT PROVIDES CREDIT COUNSELING, DEBT MANAGEMENT SERVICES TO ITS STUDENTS IN CONJUNCTION WITH ITS STUDENT LOAN/FINANCIAL AID PROGRAMS. SCHEDULE D, PART IV REQUESTS NO INFORMATION PERTAINING TO THESE SERVICES. Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY THE UNIVERSITY BOARD OF TRUSTEES ANNUALLY APPROVE THE WRITTEN WHISTLEBLOWER POLICY THAT IS IN PLACE. THE UNIVERSITY HAS IMPLEMENTED POLICIES AND PROCEDURES ENCOURAGING EMPLOYEES TO COME FORWARD (WHETHER THROUGH AN OPEN DOOR POLICY OR A CONFIDENTIAL PHONE LINE IN THE PRESIDENT AND CEO OFFICES) WITH INFORMATION ON VARIOUS IMPROPER ACTIVITIES. THE POLICY SPECIFIES THAT THE INDIVIDUALS WILL BE PROTECTED FROM RETALIATION, IDENTIFIES STAFF AND MANAGEMENT PERSONNEL TO WHOM SUCH INFORMATION CAN BE REPORTED, AND ASSURES THAT SUCH INFORMATION WILL BE REVIEWED AND ACTED UPON BY MANAGEMENT AS APPROPRIATE. Form 990, Part VI, Line 14 DOCUMENT RETENTION AND DESTRUCTION POLICY MIDWESTERN UNIVERSITY HAS A BOARD OF TRUSTEE APPROVED WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee consists of the Chairperson of the Board of Trustees, the Vice Chairperson of the Board of Trustees, the Secretary, the Treasurer, and the President and CEO of the University. The duty of the Executive Committee is to transact the business of the Board of Trustees between meetings of the Board, but the designation of such committee and the delegation thereto of authority shall not operate to relieve the Board of Trustees, or any individual Trustee, of any responsibility imposed by law. All actions of the Executive Committee shall be deemed to be the actions of the Board of Trustees and shall be reported to the Board of Trustees at its next meeting. The Executive Committee shall be vested with and may in its discretion exercise the full powers, duties, responsibilities, and authority of the Board of Trustees except where prohibited by law. Form 990, Part VI, Line 11b Review of form 990 by governing body THE 990 IS PREPARED BY MANAGEMENT OF THE UNIVERSITY ALONG WITH THE ADVICE OF THE UNIVERSITY'S EXTERNAL AUDITORS, ATTORNEYS AND TAX ADVISORS. THE 990 IS THEN REVIEWED BY THE CEO AND CFO PRIOR TO PRESENTING TO THE BOARD OF TRUSTEES. THE 990 IS PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW AT THE FEBRUARY BOARD OF TRUSTEES MEETING PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy MIDWESTERN UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY APPROVED BY THE BOARD OF TRUSTEES. FOR THE UNIVERSITY AND ALL OF ITS RELATED ORGANIZATIONS, ALL OFFICERS, TRUSTEES, EMPLOYEES AND ALL FACULTY AND STAFF ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE ALL CONFLICTS OF INTEREST. QUESTIONNAIRES ARE RETURNED TO THE PRESIDENT OF THE UNIVERSITY, FOR REVIEW AND ANNUAL APPROVAL. A COMMITTEE OF THE BOARD OF TRUSTEES MEETS AS NECESSARY TO REVIEW AND RESOLVE ANY POTENTIAL CONFLICTS OF INTERESTS REPORTED ON THE QUESTIONNAIRES INVOLVING A TRUSTEE, OFFICER, OR CERTAIN EMPLOYEES. THE PRESIDENT, AS DESIGNEE OF THE BOARD COMMITTEE, REVIEWS AND RESOLVES MATTERS INVOLVING OTHER INDIVIDUALS WHO RECEIVE THE QUESTIONNAIRES. PROCEDURES FOR ADDRESSING ACTUAL OR POSSIBLE CONFLICTS ARE SET FORTH IN THE BOARD APPROVED CONFLICTS OF INTEREST POLICY STATEMENT. RECORDS OF ANY PROCEEDINGS ARE KEPT, AND ANNUAL REPORTS OF THE ACTIVITIES, REVIEWS AND RESOLUTIONS REGARDING CONFLICTS OF INTEREST ARE MADE TO THE BOARD OF TRUSTEES AND REVIEWED BY EXTERNAL AUDITORS. Form 990, Part VI, Line 19 Required documents available to the public MIDWESTERN UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. THE 990 IS AVAILABLE ON GUIDESTAR.COM AND ALSO AT EACH OF THE UNIVERSITY'S TWO CAMPUSES. THE FINANCIAL STATEMENTS AND PERTINENT OPERATING STATISTICS ARE AVAILABLE AT WWW.DACBOND.COM Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Bookstore - Total Revenue: 11146, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 11146; Fitness Program - Total Revenue: 4535, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 4535; Vending Machine Revenue - Total Revenue: 8359, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 8359; Campus Rental - Total Revenue: 74533, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 74533; Miscellaneous Revenue - Total Revenue: 54020, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 54020; Credit Card Revenue Share - Total Revenue: 161140, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 161140; Continuing Medical Education Revenue - Total Revenue: 193603, Related or Exempt Function Revenue: 193603, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Alumni Association Dues - Total Revenue: 12350, Related or Exempt Function Revenue: 12350, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Library Services - Total Revenue: 22197, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 22197; Penalty Charges - Total Revenue: 181, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 181; Late Charges - Total Revenue: 21991, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 21991; Parking Fines - Total Revenue: 3000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 3000; Returned Check Fee - Total Revenue: -120, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: -120; Convenience Charge Revenue - Total Revenue: 2407, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 2407; Copy Center Charges Revenue - Total Revenue: 826, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 826; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Unrealized Gain/Loss on SWAP - -5278645; Net asset transfer (to) from affiliates - -143160; NonCash Contributions - -70534; Schedule F, Part I, Line 3 METHOD USED TO ACCOUNT FOR EXPENDITURES ON ORG'S FINANCIAL STATEMENTS CENTRAL AMERICA AND THE CARIBBEAN: OTHER, THE UNIVERSITY'S INVESTMENTS IN THE REGION ARE IN LIMITED PARTNERSHIPS LOCATED IN THE CAYMAN ISLANDS THAT ARE TREATED FOR TAX PURPOSES AS FOREIGN CORPORATIONS. EXPENDITURES ARE REPORTED ON THE FINANCIAL STATEMENTS USING THE ACCRUAL METHOD OF ACCOUNTING. EXPENDITURES ARE REPORTED ON THE FINANCIAL STATEMENTS IN THE YEAR PAID. INVESTMENTS ARE REPORTED AT FAIR VALUE AS OF THE FISCAL YEAR END. Part VI, LIne 15 A and B OFFICERS & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN MIDWESTERN UNIVERSITY ADOPTED A COMPREHENSIVE EXECUTIVE COMPENSATION REVIEW SYSTEM IN 1995 AND HAS FOLLOWED THE POLICY THROUGHOUT THE YEARS. THE POLICIES AND PRACTICES HAVE ENSURED A CONSISTENT METHODOLOGY FOR ALL ACADEMIC DEANS AND OFFICERS OF THE UNIVERSITY AND THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (THE "COMPENSATION COMMITTEE"). THE COMPENSATION COMMITTEE IS COMPOSED OF TRUSTEES WITHOUT A CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION ARRANGEMENTS WHICH IT APPROVES. THE COMPENSATION COMMITTEE CHAIR ENGAGES AN OUTSIDE COMPENSATION CONSULTANT TO BENCHMARK THE SALARIES AND BENEFITS OF THE ADMINISTRATIVE PERSONNEL OF MIDWESTERN UNIVERSITY. MERIT INCREASES ARE AWARDED BASED ON COMPREHENSIVE WRITTEN PERFORMANCE APPRAISALS, EXTERNAL MARKET AND COMPARABILITY DATA AND INTERNAL EQUITY. THE COMPENSATION COMMITTEE REVIEWS ALL PERFORMANCE APPRAISAL FORMS, INCLUDING A COMPREHENSIVE REVIEW OF THE PERFORMANCE OF THE PRESIDENT, CHIEF EXECUTIVE OFFICER THAT IS DISTRIBUTED TO EVERY MEMBER OF THE BOARD OF TRUSTEES, AND COLLECTED AND EVALUATED BY THE CHAIRMAN OF THE BOARD. THE COMPENSATION COMMITTEE MEETS AT LEAST TWICE A YEAR. ONE MEETING IS HELD EXCLUSIVELY TO REVIEW THE PERTINENT DATA AND THE PRESIDENT'S PERFORMANCE AND MAY INCLUDE THE EXTERNAL CONSULTANT DURING THE MEETING. THE PRESIDENT IS NOT INCLUDED IN THIS MEETING. MINUTES OF ALL COMPENSATION COMMITTEE MEETINGS ARE WRITTEN AND MAINTAINED IN THE OFFICE OF THE PRESIDENT CEO. BEGINNING IN FISCAL 2018 AND EVERY CONSECUTIVE YEAR, KORN FERRY HAY HAS BEEN ENGAGED TO COMPLETE A COMPREHENSIVE REVIEW OF BOTH TOTAL COMPENSATION AND EXECUTIVE BENEFITS OF ALL SENIOR ADMINISTRATORS OF MIDWESTERN UNIVERSITY. THEIR COMPLETE AND COMPREHENSIVE STUDY WAS PRESENTED TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THEIR ANALYSIS AND RECOMMENDATIONS. THIS IS AN ANNUAL PROCESS THAT HAS BEEN IN PLACE FOR THE PAST 29 YEARS. 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