2021-03-26T07:50:03-05:00 2020-05-31 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVE FLOOR 32 MILWAUKEE WI 53202 990 2019-06-01 470376551 MIDLAND UNIVERSITY MIDL 4027215480 900 NORTH CLARKSON STREET FREMONT NE 68025 JODI BENJAMIN VP OF FINANCE AND ADMINISTRATION 4029416142 2021-03-25 1 TROY MARINE CPA P00187863 4147775500 2021-03-25 2019 2022-09-23 18:48:47Z JODI BENJAMIN 900 NORTH CLARKSON STREET FREMONT NE 68025 53860369 0 X WWW.MIDLANDU.EDU X 1883 NE MIDLAND UNIVERSITY INSPIRES PEOPLE TO LEARN AND LEAD IN THE WORLD WITH PURPOSE. WE ARE A LIBERAL ARTS COLLEGE AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. THE UNIVERSITY HOLDS THE FOLLOWING CORE VALUES TO BE THE FOUNDATION OF OUR IDENTITY AS A COMMUNITY: FAITH, LEARNING, QUALITY, RESPECT, AND STEWARDSHIP. 12 10 891 100 0 0 5978389 5941424 44939502 43728801 1079000 1070094 14771 14381 52011662 50754700 21382248 21724247 0 0 14968711 15615817 0 0 840500 13314766 13149799 49665725 50489863 2345937 264837 67371020 77126559 19875757 28908440 47495263 48218119 MIDLAND UNIVERSITY INSPIRES PEOPLE TO LEARN AND LEAD IN THE WORLD WITH PURPOSE. 0 0 30103154 21724247 38570152 INSTRUCTION:MIDLAND UNIVERSITY OFFERS MULTIPLE DEGREES INCLUDING BACHELORS DEGREES IN BUSINESS, EDUCATION AND NURSING, AS WELL AS A MASTERS IN BUSINESS ADMINISTRATION AND EDUCATION. THE 2019-2020 ENROLLMENT WAS 174 NONTRADITIONAL UNDERGRADUATE STUDENTS, 1090 TRADITIONAL STUDENTS IN THE FALL, 471 NON-TRADITIONAL AND 998 TRADITIONAL STUDENTS IN THE SPRING, AND 149 GRADUATE STUDENTS. 9839299 337571 ACADEMIC SUPPORT:ACADEMIC SUPPORT INCLUDES THE LIBRARY, ADMISSIONS, FINANCIAL AID, INFORMATION TECHNOLOGY AND THOSE FUNCTIONS THAT DIRECTLY SUPPORT INSTRUCTION. 4143766 4821078 AUXILIARY ENTERPRISES:AUXILIARY ENTERPRISES AT MIDLAND UNIVERSITY ARE COMPRISED OF 9 RESIDENCE HALLS OR ON-CAMPUS APARTMENTS, A DINING FACILITY, AND A BOOKSTORE FOR FACULTY, STAFF AND STUDENTS. 556 STUDENTS RESIDED IN STUDENT HOUSING DURING FALL 2019 AND 532 STUDENTS DURING SPRING 2020. 44086219 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 49 0 891 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JODI BENJAMIN 4029416102 900 NORTH CLARKSON STREET FREMONT NE 68025 JODY HORNER PRESIDENT 40.00 X X 319229 0 18705 SUSAN KRUML VP ACADEMIC AFFAIRS 40.00 X 161779 0 14655 JODI BENJAMIN VP FINANCE AND ADMIN 40.00 X 154945 0 19156 MERRITT NELSON VP ADMISSIONS AND MARKETING 40.00 X 146411 0 4431 JEFF JAMROG HEAD FOOTBALL COACH 40.00 X 128058 0 19258 JESSICA JANSSEN VP OF INSTITUTIONAL ADVANCEMENT 40.00 X 136103 0 8638 JOSEPH HARNISCH ASSOCIATE VP & CONTROLLER 40.00 X 121262 0 18723 SHANE PERRIEN CHIEF INFORMATION OFFICER 40.00 X 115982 0 18473 LINDA QUINN DIR. OF THE SCHOOL OF NURSING 40.00 X 116737 0 3678 MIKE HERRE DIRECTOR 1.00 1.00 X 0 0 0 ROGER LAMBOURN DIRECTOR 1.00 1.00 X 0 0 0 RYAN TALIAFERRO DIRECTOR 1.00 1.00 X 0 0 0 RANDY EIKMEIER DIRECTOR 1.00 1.00 X 0 0 0 MARK FAHELSON DIRECTOR 1.00 1.00 X 0 0 0 STEVE FEYE DIRECTOR 1.00 1.00 X 0 0 0 PEGGY HALL DIRECTOR 1.00 1.00 X 0 0 0 RYAN HENDRICKSON DIRECTOR 1.00 1.00 X 0 0 0 TOM WALKER DIRECTOR 1.00 1.00 X 0 0 0 RICO MUNN DIRECTOR 1.00 1.00 X 0 0 0 JAMIE WILLIAMS DIRECTOR 1.00 1.00 X 0 0 0 1400506 0 125717 9 0 1 0 LUND ROSS CONSTRUCTORS INC 4601 F STREET OMAHA NE 68117 CONSTRUCTION 2387746 FRESH IDEAS 1000 W NIFONG BLVD 220 COLUMBIA MO 65203 FOOD SERVICES 1740078 DATA VIZION LLC 5760 CORNHUSER HWY SUITE 3 LINCOLN NE 68507 SOFTWARE 842152 AGTAC SERVICES LLC 8200 CODY DRIVE SUITE F LINCOLN NE 68512 CUSTODIAL SERVICES 495737 CAMPUS MANAGEMENT 5201 CONGRESS AVE BOCA RATON FL 33487 SOFTWARE 368033 14 5000 1387185 4549239 250000 5941424 TUITION AND FEES 611710 38570152 38570152 AUXILIARY ENTERPRISES 611710 4821078 4821078 MISC. STUDENT PROGRAMS 611710 237868 237868 EDUCATIONAL ACTIVITIES 611710 49852 49852 CONFERENCES 611710 14249 14249 35602 35602 43728801 373527 373527 17748 1698 16050 16050 16050 3786714 3090147 696567 696567 696567 12155 5000 13824 -1669 -1669 50754700 43728801 0 1084475 21724247 21724247 1400508 1088735 270852 40921 10648971 8278356 2059464 311151 240888 187263 46587 7038 2570022 1997898 497031 75093 755428 587259 146096 22073 31795 24717 6149 929 88049 68448 17028 2573 39145 30431 7570 1144 310611 241465 60071 9075 400610 311429 77476 11705 852262 662535 164824 24903 65326 50783 12634 1909 1624328 1262729 314138 47461 23573 18325 4559 689 397523 309029 76879 11615 2042584 1587875 395027 59682 367998 286076 71169 10753 ATHLETICS 1657443 1288472 320542 48429 BUILDING AND GROUNDS 1280777 995657 247697 37423 FOOD SERVICE 1246323 968874 241033 36416 INSTRUCTION 942047 732333 182188 27526 1779405 1383283 344130 51992 50489863 44086219 5563144 840500 12567972 15449916 824294 658610 1482662 1332872 1484997 1234011 64702706 28786428 29186612 35916278 17012656 17866788 4811827 4668084 67371020 77126559 2646060 3820899 1626211 1225419 545040 868793 14258224 18217310 314183 680439 486039 4095580 19875757 28908440 X 20690843 20990190 26804420 27227929 47495263 48218119 67371020 77126559 X 264837 473896 -15877 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24638836 214053 1717838 993200 25577527 25215064 146187 459133 1181548 24638836 23098010 167373 2452397 502716 25215064 20846107 226897 2490114 465108 23098010 19659151 1421774 159081 393899 20846107 0.12000 0.88000 0 0 3087177 3087177 136613 43173250 21574129 21735734 10736895 7212299 3524596 7568771 7568771 35916278 CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 324814 BENEFICIAL INTEREST IN TRUST 4057188 ACCRUED INTEREST & OTHER ASSETS 286082 4668084 ANNUITIES PAYABLE 73885 ASSET RETIREMENT OBLIGATION 419695 FORGIVABLE LOANS 3602000 4095580 X 29451025 473896 -14179 459717 28991308 39145 21724247 21763392 50754700 28728169 1698 1698 28726471 39145 21724247 21763392 50489863 PART V, LINE 4: MIDLAND UNIVERSITY'S ENDOWMENT FUND IS USED TO SUPPORT STUDENTS WITH SCHOLARSHIP FUNDS AND VARIOUS OTHER INSTRUCTIONAL PROGRAMS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2020 AND 2019. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN TRUSTS -1,209. DIRECT RENTAL EXPENSES 1,698. ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE -14,668. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 21,724,247. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 1,698. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 21,724,247. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATORY POLICY IS INCLUDED IN THE STUDENT HANDBOOK, THE ACADEMIC CATALOG AND ON THE COLLEGE'S WEBSITE; ALL OF WHICH ARE AVAILABLE TO THE COLLEGE COMMUNITY. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES SUPPORT FROM THE STATE AND FROM THE UNITED STATES GOVERNMENT IN CONNECTION WITH STUDENT AID PROGRAMS SUCH AS FEDERAL WORK-STUDY PROGRAMS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND PERKINS LOAN FUNDS. THE COLLEGE ALSO RECEIVES VARIOUS OTHER FEDERAL AND STATE EDUCATIONAL AND RESEARCH GRANTS OR SUBSIDIES. GOLF TOURNAMENT 17155 5000 12155 13824 17155 5000 12155 13824 13824 -1669 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 1307 21724247 PART I, LINE 2: MIDLAND UNIVERSITY OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. X X X 0 0 0 0 0 0 0 0 0 JODY HORNER PRESIDENT 308729 0 0 0 10500 0 8400 0 10305 0 337934 0 0 0 SUSAN KRUML VP ACADEMIC AFFAIRS 139279 0 22500 0 0 0 4350 0 10305 0 176434 0 0 0 JODI BENJAMIN VP FINANCE AND ADMIN 124945 0 30000 0 0 0 3900 0 15256 0 174101 0 0 0 MERRITT NELSON VP ADMISSIONS AND MARKETING 126411 0 20000 0 0 0 4386 0 45 0 150842 0 0 0 PART I, LINE 1A HEALTH CLUB BENEFITS ARE PROVIDED TO ALL EMPLOYEES. PART I, LINE 1B MIDLAND UNIVERSITY DOESN'T HAVE A REIMBURSEMENT POLICY REGARDING THE HEALTH CLUB BENEFIT DUE TO THE FACT THAT THIS ISN'T A REIMBURSABLE EXPENSE, BUT RATHER AN EMPLOYEE BENEFIT PROVIDED TO ALL OF OUR EMPLOYEES. A THE COUNTY OF DODGE NEBRASKA 476006403 000000000 2016-09-30 17000000 SEE PART VI 0 0 0 B THE COUNTY OF DODGE NEBRASKA 476006403 000000000 2019-06-28 5000000 CONSTRUCT FACILITY 0 0 0 A 3555482 17000299 285183 3885176 12829941 2017 1 0 1 1 B 5002306 1015855 3986451 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: THE COUNTY OF DODGE, NEBRASKA DATE THE REBATE COMPUTATION WAS PERFORMED: 09/30/2017 NOTE REGARDING THE REBATE COMPUTATION: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. PART I, COLUMN (F)- REFUND PRIOR BOND ISSUES (07/30/1998), (05/03/2003), AND (12/16/2004) AND ACQUISITION, IMPROVEMENTS, EQUIPPING AND FURNISHING OF APARTMENT COMPLEX. PART II, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO INVESTMENT EARNINGS. INSPRO BOARD MEMBER OF THE UNIVERSITY 60154 INSPRO, INC. OWNED IN PART BY RANDY EIKMEIER, A BOARD MEMBER OF THE UNIVERSITY, RECEIVED APPROXIMATELY $40,000 IN COMMISSION REVENUE FROM THE UNIVERSITY. 0 X 1 250000 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO AND REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES IS ASKED TO SIGN A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 BOARD APPROVES THE PRESIDENTIAL COMPENSATION, EMPLOYMENT CONTRACTS AND ALL ANNUAL SALARY INCREASES. THE PRESIDENT AND VP OF FINANCE & ADMIN. APPROVES THE SALARIES OF ALL OTHER EMPLOYEES. THE BOARD IS INFORMED OF SENIOR MANAGEMENT TEAM SALARIES WHEN THERE IS A NEW HIRE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST IF DEEMED REASONABLE BY THE INSTITUTION. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN TRUSTS -1,209. ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE -14,668. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS DID NOT CHANGE FROM THE PRIOR YEAR. COUNTY OF DODGE HEAD START 900 N CLARKSON ST FREMONT NE 68025 470493797 EDUCATION TO PRESCHOOL CHILDREN NE 501C(3) LINE 7 MIDLAND UNIVERSITY 0 CHARITABLE REMAINDER UNITRUSTS (2) CHARITABLE TRUSTS NE T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 COUNTY OF DODGE HEAD START Q 28050 BOOK COST/EXPENSE