2022-07-15T14:37:54-05:00 2021-08-31 FORVIS LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2020-09-01 751596658 Parker University % JEANNE REESE PARK 9724386932 2540 Walnut Hill Lane Dallas TX 752295609 CLINT GILCHRIST VP & CFO 9723835700 2022-07-15 true CLINT GILCHRIST 999009999 NOELLE ALBERTO P01704142 9727028262 3 2020 2022-09-23 18:48:47Z DR WILLIAM MORGAN 2540 WALNUT HILL LANE DALLAS TX 752295609 109195306 false X WWW.PARKER.EDU X 1978 TX PARKER UNIVERSITY IS A LEADING HEALTHCARE EDUCATOR, DEVELOPING SKILLED AND COMPASSIONATE PROFESSIONALS IN CHIROPRACTIC, ALLIED HEALTH AND BUSINESS-RELATED FIELDS. 12 11 593 20 961689 0 2445082 8237789 52614880 59619804 5920522 112162 25628800 2680481 86609284 70650236 7733359 8969299 0 0 25499597 27822573 0 0 378294 18389048 20219778 51622004 57011650 34987280 13638586 107974572 134020772 22291049 27844676 85683523 106176096 X PARKER UNIVERSITY IS A REGIONALLY ACCREDITED PRIVATE UNIVERSITY THAT OFFERS CERTIFICATE, UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS IN HEALTHCARE AND BUSINESS-RELATED FIELDS THROUGH MULTIPLE DELIVERY FORMATS AND LEARNING ENVIRONMENTS. THE UNIVERSITY ESPOUSES A CULTURE OF LIFELONG LEARNING, RESEARCH AND SERVICE. PARKER UNIVERSITY PROVIDES ITS DIVERSE POPULATION WITH SUPPORT SERVICES AND LEARNING OPPORTUNITIES TO DEVELOP THE NECESSARY SKILLS FOR SUCCESSFUL EMPLOYMENT AND CAREER ADVANCEMENT. false false 25429148 2870176 43865386 THE UNIVERSITY'S DOCTOR OF CHIROPRACTIC PROGRAM IS BOTH RIGOROUS AND COMPREHENSIVE, LEVERAGING THE LATEST RESEARCH AND TECHNOLOGY AND FEATURING A RESEARCH FACILITY AND AN INTEGRATED CLINICAL EXPERIENCE AT ONE OF ITS TWO PUBLIC CLINICS OR THROUGH OFFSITE INTERNSHIPS AT PARTICIPATING HOSPITALS AND PRIVATE PRACTICES. THE PROGRAM IS DESIGNED TO DEVELOP SKILLED PROFESSIONALS DEVOTED TO THE PRACTICE OF COMPASSIONATE, PATIENT-CENTERED AND EVIDENCE-BASED CARE. 13340421 6099123 14265941 THE UNIVERSITY OFFERS CERTIFICATE, UNDERGRADUATE, AND GRADUATE PROGRAMS IN HEALTHCARE AND BUSINESS-RELATED FIELDS IN ITS COLLEGE OF HEALTH SCIENCES AND ITS COLLEGE OF BUSINESS AND TECHNOLOGY. SUCH PROGRAMS FEATURE DYNAMIC LEARNING ENVIRONMENTS AND OFFER MULTIPLE DELIVERY FORMATS. 1855138 644645 PARKER UNIVERSITY PROVIDES ETHICAL, WELL RESEARCHED, AND RELEVANT CONTINUING EDUCATION TO HEALTH AND WELLNESS PROFESSIONALS IN THE VIRTUAL CLASSROOM OR AT ONE OF ITS VARIOUS SEMINARS HOSTED ANNUALLY IN DALLAS OR LAS VEGAS. 766050 933437 SYNAPSE MANAGEMENT SERVICES 766050 933437 41390757 true true false true false false false false false true true false false false true true false true true false false false false false false false false false true true false false false false true false true false true false false false false true true true false false true 2889 0 true 593 true true true false false false false false false false false false false false X 12 11 false false true true false false false true true false false true true true true true true true false false X JEANNE REESE 8173082977 2540 WALNUT HILL LANE DALLAS TX 752295609 X William E Morgan DC President 50.0 0.0 X 600000 0 39968 JAYNE MOSCHELLA DC EVP/PROVOST 50.0 0.0 X 327469 0 25149 Donald L McNutt VP/CHIEF OPERATIONS OFFICER 50.0 0.0 X 246499 0 36606 CLINT GILCHRIST VP & CFO 40.0 0.0 X 237653 0 35976 sandra mclean VP/CHIEF HR OFFICER,END: 08/21 50.0 0.0 X 214349 0 21288 PATRICK BODNAR DC ASSISTANT PROVOST 50.0 0.0 X 185744 0 33117 TREVOR JONES CHIEF INFORMATION OFFICER 50.0 0.0 X 188869 0 26616 CHRISTOPHER WILLIAMS CHIEF MARKETING OFFICER 50.0 0.0 X 185322 0 19970 dana lawrence dc ASSOC PROVOST EDUCATION 50.0 0.0 X 162959 0 26870 KATHERINE A POHLMAN DC Director of Research 50.0 0.0 X 153489 0 22821 AMY WOOD DC TRUSTEE 2.0 0.0 X 0 0 0 Charlene Conner DBA MBA TRUSTEE 2.0 0.0 X 0 0 0 GEORGE R LINSCOTT treasurer 2.0 0.0 X X 0 0 0 Gery C Hochanadel PHD TRUSTEE 2.0 0.0 X 0 0 0 JOHN G DONOVAN DC DHUM Trustee, END: 07/21 2.0 0.0 X 0 0 0 John Huston ASST TREASURER 2.0 0.0 X X 0 0 0 OLIVER SMITH JR DC CHAIRMAN 2.0 0.0 X X 0 0 0 PATRICK MAHAFFEY TRUSTEE 2.0 0.0 X 0 0 0 ROBERT E ROSENBAUM MD FAANS TRUSTEE 2.0 0.0 X 0 0 0 STEVEN W BROOKS DC vice chairman 2.0 0.0 X X 0 0 0 VINCENT SCHEFFLER DC CCSP SECRETARY 2.0 0.0 X X 0 0 0 BASIL ABUID DC TRUSTEE 2.0 0.0 X 0 0 0 ANDREW OTEO trustee 2.0 0.0 X 0 0 0 2502353 0 288381 56 false true false Skiles Group Inc 1810 N Greenville Ave RICHARDSON TX 75081 CONSTRUCTION 9247101 Nations Roof Houston LLC 18503 Imperial Valley Drive HOUSTON TX 77073 CONSTRUCTION 5767876 Horseshoe Construction 9798 FM 1565 TERRELL TX 75160 CONSTRUCTION 3552643 Southeast services corporation PO Box 417632 BOSTON MA 02241 Security 3418178 Perkins and Will Inc 410 North Michigan Ave Suite 1600 CHICAGO IL 60611 CONSTRUCTION 2878485 87 3254745 4983044 4928293 8237789 Tuition and Fees 611310 56944649 56944649 Educational Clinic 611310 1013260 1013260 Dining and Other Auxiliary 611310 728458 728458 Management Service Contract 541610 933437 933437 59619804 242095 242095 0 0 16210 0 16210 0 16210 16210 37801000 37930933 -129933 -129933 -129933 0 0 0 0 0 0 682066 614137 67929 39677 28252 GAIN (LOSS) ON INVOLUNTARY CONVERSION 900099 2574666 2574666 MISCELLANEOUS REVENUE 900099 21676 21676 2596342 70650236 58747720 961689 2703038 5966 5966 8963333 8963333 0 0 1784956 352617 1304345 127994 96136 96136 20696549 16336658 4265181 94710 924383 697687 219928 6768 2406874 1664957 726663 15254 1913675 1549227 353332 11116 0 33149 33149 0 130330 130330 90000 90000 0 51472 51472 1183446 860873 314371 8202 2340492 373102 1966410 980 925266 576096 341319 7851 2138675 756182 1369547 12946 0 5092633 4282164 773344 37125 208768 158095 45381 5292 0 352705 147192 179013 26500 0 0 2264694 1885508 358543 20643 459644 88650 370994 Seminar Expenses 615760 615450 310 Student Life 993968 985075 6337 2556 Dues & Subscriptions 646901 257693 389208 BAD DEBT EXPENSE 1218879 9057 1209822 1472996 695890 776749 357 57011650 41390757 15242599 378294 48651646 34781899 0 0 0 0 4080046 5222123 0 0 0 0 0 0 610580 364472 723221 1834436 66675686 19939968 20016359 46735718 33892720 40855857 0 0 0 0 0 0 0 4226267 107974572 134020772 16635735 21935204 0 0 490368 424197 0 0 0 0 0 0 0 0 0 0 5164946 5485275 22291049 27844676 X 84138480 104404096 1545043 1772000 85683523 106176096 107974572 134020772 13638586 6853724 263 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 90000 90000 41300757 41390757 1000000 250000 1000000 1000000 1500000 90000 90000 250000 250000 375000 0 0 33892719 4000 6991137 32000 40855856 1250136 29496367 3174037 27821 33892719 1153600 100000 28036 31500 1250136 1053442 1000 99158 1153600 959927 5000 93515 5000 1053442 0.98200 0.01800 false false 2255978 2255978 44362503 10857212 33505291 2239455 590141 1649314 11717694 6488922 5228772 6100056 2003693 4096363 46735718 0 Governmental Refundable Advance 5349922 Capital Lease Obligations 135353 5485275 X SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE: THE UNIVERSITY AND ITS CONSOLIDATED ENTITIES ARE EXEMPT FROM FEDERAL INCOME TAXES EXCEPT TO THE EXTENT THEY HAVE UNRELATED BUSINESS INCOME. IN ADDITION, THERE WERE NO UNCERTAIN INCOME TAX POSITIONS DURING THE REPORTING PERIODS. ACCORDINGLY, NO TAX LIABILITY OR TAX BENEFIT IS REQUIRED UNDER ASC 740, INCOME TAXES. SCHEDULE D, PART V, LINE 4 INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS: THE UNIVERSITY'S ENDOWMENT PROVIDES STABLE FINANCIAL SUPPORT TO A WIDE VARIETY OF PROGRAMS AND ACTIVITIES IN PERPETUITY. true true true true true false false false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY TO GENERAL COMMUNITY: THE UNIVERSITY PUBLISHES ITS POLICY IN ITS WRITTEN COMMUNICATIONS TO THE PUBLIC REGARDING STUDENT ADMISSIONS, ITS PROGRAMS AND SCHOLARSHIP OFFERINGS. THE POLICY IS ALSO PUBLISHED IN ITS STUDENT HANDBOOK, HUMAN RESOURCES HANDBOOK AND ON ITS EMPLOYMENT APPLICATIONS. THE POLICY WAS RECENTLY ADDED TO THE UNIVERSITY'S WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6A FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY: THE UNIVERSITY RECEIVES FEDERAL TITLE IV AND STATE FINANCIAL AID FUNDS FOR ITS STUDENTS. THE UNIVERSITY ALSO RECEIVED FEDERAL ASSISTANCE FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) AUTHORIZED BY THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT. SCHEDULE E, PART I, LINE 4C & 4D COPIES OF ALL MATERIALS: THE UNIVERSITY HAS A PRACTICE OF MAINTAINING SUCH RECORDS. IN OCTOBER OF 2019, A TORNADO STRUCK THE UNIVERSITY DESTROYING A SIGNIFICANT PORTION OF THE UNIVERSITY'S RECORD REPOSITORIES. true DC Program Scholarships 391 996320 GAP Funding Scholarships 659 2291037 Anatomy and Physiology Grants-Pre-DC 160 640247 Military Yellow Ribbon Grants 10 43999 MBA Program Scholarships 1 954 Olympic Scholarships 2 69360 College of Chiropractic Masters 357 2598889 Donor Funded Scholarships 42 39500 Administrative Scholarships 1 11955 Texas Equalization Grant-TEG 474 1476043 Federal supplemental education opportunity grant- 111 161550 Cares Grant Student Aid 713 633480 SCHEDULE I, PART I, LINE 2 MONITORING USE OF GRANT FUNDS IN US: THE UNIVERSITY AWARDS SCHOLARSHIPS AND GRANTS IN THE UNITED STATES TO STUDENTS BASED ON MERIT OR NEED. THE UNIVERSITY'S SCHOLARSHIP COMMITTEE DETERMINES THE SCHOLARSHIPS TO BE AWARDED TO RECIPIENTS. ALL OTHER ASSISTANCE GIVEN TO U.S. ORGANIZATIONS WERE DONATED IN SUPPORT OF THE RECIPIENT'S EXEMPT PURPOSE. X X X false true X X X X false false false false false false false true false CLINT GILCHRIST VP & CFO 224653 0 13000 0 0 0 11682 0 24294 0 273629 0 0 0 Donald L McNutt VP/CHIEF OPERATIONS OFFICER 244786 0 1500 0 213 0 13738 0 22868 0 283105 0 0 0 JAYNE MOSCHELLA DC EVP/PROVOST 298697 0 26500 0 2272 0 16255 0 8894 0 352618 0 0 0 sandra mclean VP/CHIEF HR OFFICER,END: 08/21 201152 0 12000 0 1197 0 11101 0 10187 0 235637 0 0 0 William E Morgan DC President 371294 0 181249 0 47457 0 17100 0 22868 0 639968 0 0 0 PATRICK BODNAR DC ASSISTANT PROVOST 182114 0 3300 0 330 0 10281 0 22836 0 218861 0 0 0 TREVOR JONES CHIEF INFORMATION OFFICER 187220 0 1500 0 149 0 10575 0 16041 0 215485 0 0 0 CHRISTOPHER WILLIAMS CHIEF MARKETING OFFICER 178822 0 6500 0 0 0 9897 0 10073 0 205292 0 0 0 dana lawrence dc ASSOC PROVOST EDUCATION 159984 0 1500 0 1475 0 8923 0 17947 0 189829 0 0 0 KATHERINE A POHLMAN DC Director of Research 148557 0 4750 0 182 0 6924 0 15897 0 176310 0 0 0 SCHEDULE J, PART I, LINE 1A BENEFITS PROVIDED TO INDIVIDUALS: THE UNIVERSITY DURING THE TAX YEAR GROSSED UP BONUSES PAID TO ITS EMPLOYEES, INCLUDING BUT NOT LIMITED TO LISTED PERSONS. THE ORGANIZATION PROVIDES BENEFITS AS INDICATED IN LINE 1A TO THE ORGANIZATION'S PRESIDENT WILLIAM MORGAN AS PART OF HIS TAXABLE COMPENSATION: HOUSING ALLOWANCE AND SPOUSAL TRAVEL. SCHEDULE J, PART I, LINE 1B WRITTEN POLICY: THE UNIVERSITY'S BYLAWS ESTABLISH THE SOLE AUTHORITY OF THE BOARD TO DESIGN AND ESTABLISH THE COMPENSATION PACKAGE OF THE PRESIDENT, INCLUDING THE PAYMENT OF BONUSES. DURING THE FISCAL YEAR, THE UNIVERSITY PUBLISHED A WRITTEN POLICY FOR THE GROSS UP OF BONUSES PAID TO EMPLOYEES. SCHEDULE J, PART I, LINE 7 BONUS PAYMENTS PROVIDED TO PERSONS LISTED ON THE 990: THE EXECUTIVE COMMITTEE RECOMMENDS AND BOARD OF TRUSTEES MUST APPROVE BONUSES PAID TO THE PRESIDENT. PERFORMANCE-BASED BONUSES ARE PAID TO KEY EMPLOYEES AT THE DISCRETION OF THE PRESIDENT. 13148 tuition assistance financial assistance GERY C HOCHANADEL II TRUSTEE'S FAMILY MEMBER 96136 SALARIES/WAGES false X 1 10800 VENDOR VALUATION X MICROLIGHT LASERS 2 6000 FAIR MARKET VALUE X VR SOFTWARE 1 4911493 FAIR MARKET VALUE false true false SCHEDULE M, PART I, COLUMN B NUMBER OF CONTRIBUTIONS: THE AMOUNTS REPORTED IN THIS COLUMN REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A PROCESS FOR BOARD REVIEW OF FORM 990: PRIOR TO FILING, THE UNIVERSITY DISTRIBUTES THE FORM 990 TO THE BOARD OF TRUSTEES, REQUESTING EACH MEMBER TO REVIEW THE RETURN AND FORWARD ANY QUESTIONS OR COMMENTS TO MANAGEMENT. UNIVERSITY, (2) AMEND THE BYLAWS, (3) ELECT OR REMOVE FROM MEMBERSHIP A TRUSTEE OR OFFICER, OR (4) APPROVE MAJOR UNBUDGETED EXPENDITURES. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS: THE BYLAWS WERE AMENDED MAY 2021. CHANGES INCLUDED ADDING CERTAIN BOARD OFFICERS TO THE EXECUTIVE COMMITTEE, DEFINING THE DUTIES OF THE VICE CHAIR AND MODIFYING THE ABILITY TO VOTE IN ABSENTIA. FORM 990, PART VI, SECTION A, LINE 5 CORRECTION OF SIGNIFICANT DIVERSION OF ASSETS: During the tax year, a wire transfer was fraudulently diverted from its intended recipient as the result of an email spoofing scheme. Internal processes identified the diverted amount shortly after the single occurrence. Appropriate law enforcement agencies were consulted as part of the University's response. No wrongdoing was identified by anyone affiliated with the University. The University has strengthened its security awareness training and conducts frequent attack simulations to reinforce the training. Employees that fail to meet a minimum standard of proficiency are removed from sensitive business processes. Insurance coverage has reimbursed $200,000 of the $948,467 wire transfer. FORM 990, PART VI, SECTION B, LINE 11B PROCESS FOR BOARD REVIEW OF FORM 990: PRIOR TO FILING, THE UNIVERSITY DISTRIBUTES THE FORM 990 TO THE BOARD OF TRUSTEES, REQUESTING EACH MEMBER TO REVIEW THE RETURN AND FORWARD ANY QUESTIONS OR COMMENTS TO MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12c MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: ANNUALLY, EACH TRUSTEE IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT, DECLARING THE PRESENCE OR ABSENCE OF A CONFLICT. THE BOARD IS THE ARBITER OF ANY IDENTIFIED CONFLICT AND MUST DOCUMENT ITS DECISION REGARDING SUCH MATTER. EMPLOYEES MUST COMPLY WITH THE CONFLICT OF INTEREST POLICY SET FORTH IN THE UNIVERSITY'S HANDBOOK. SUCH POLICY PROHIBITS THE EMPLOYEE'S INVOLVEMENT WITH FINANCIAL TRANSACTIONS IN WHICH THE EMPLOYEE OR AN IMMEDIATE FAMILY MEMBER HAS A MATERIAL FINANCIAL INTEREST. EMPLOYEES ARE REQUIRED TO REPORT POTENTIAL CONFLICTS IMMEDIATELY UPON THEIR DISCOVERY. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF OFFICER COMPENSATION: THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS AT LEAST ANNUALLY A REVIEW OF THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT. SUCH REVIEW IS DOCUMENTED IN THE MEETING MINUTES. AS A BASIS FOR DETERMINING COMPENSATION DURING THE CURRENT TAX YEAR, THE COMMITTEE REVIEWED DATA SUPPLIED BY AN INDEPENDENT CONSULTANT AND COMPARABILITY DATA COMPILED AND PUBLISHED BY A PROFESSIONAL ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. 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