2021-02-10T13:10:21-06:00 2020-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2019-07-01 340868798 WALSH UNIVERSITY INC % LAUREL LUSK WALS 3304997090 2020 EAST MAPLE ST NORTH CANTON OH 447203396 LAUREL LUSK VP FIN./BUS. AFFAIRS 3304997090 2021-05-17 true Lauren R Denton P01571860 2604604000 2019 2022-09-23 18:48:47Z DR TIMOTHY COLLINS 2020 EAST MAPLE ST NORTH CANTON OH 44720 88810376 false X WWW.WALSH.EDU X 1958 OH TO EDUCATE STUDENTS TO BECOME LEADERS IN SERVICE TO OTHERS THROUGH A VALUES-BASED EDUCATION. 31 31 1593 310 -76 -76 3412043 5920751 76581642 73513862 1219605 1160460 1164120 987943 82377410 81583016 31951528 31000019 0 0 29895007 28840850 0 0 878790 19601168 18504225 81447703 78345094 929707 3237922 115538855 117531247 21426366 22555687 94112489 94975560 X WALSH UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL CATHOLIC, LIBERAL ARTS AND SCIENCES INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME LEADERS IN SERVICE TO OTHERS THROUGH A VALUES-BASED EDUCATION WITH AN INTERNATIONAL PERSPECTIVE IN THE JUDEO-CHRISTIAN TRADITION. false false 70088560 31000019 73513862 The University provides approximately 2,700 students from 38 states and 31 countries a higher education that fosters critical thinking, effective communication, spiritual growth, and personal, professional and cultural development. The University offers the following degrees: Associate of Arts; Associate of Science in Computer Science; Bachelor of Arts; Bachelor of Science; Bachelor of Science in Education; Bachelor of Science in Nursing; Master of Arts in Education; Master of Business Administration (MBA); Executive Master of Business Administration (EMBA); Master of Arts in Counseling and Human Development; Master of Arts in Theology; Master of Science in Nursing; Master of Occupational Therapy; Doctor of Nursing Practice; and Doctor of Physical Therapy. Walsh University is accredited by the following organizations: North Central Association/Higher Learning Commission; National League for Nursing Accrediting Commission; The Commission on Accreditation in Physical Therapy Education; Council for Accreditation of Counseling and Related Educational Programs; Ohio Department of Education; Ohio Board of Counseling & Social Work; and the American Physical Therapy Association. Walsh University's library houses 96,258 volumes, 60 paper subscriptions, 3,974 audio visual titles on physical media, 73,937 streaming educational videos, and 175 electronic databases. The University also has links to 429,799 electronic books, and 109,483 paid electronic journal subscriptions. The Walsh library is a member of OCLC, OhioLINK, OHIONET and OPAL (Ohio Private Academic Libraries) and all library resources are searchable through the Internet. The Student Affairs team is a diverse collection of educators committed to the holistic development of students, firmly believing that all students have the potential to become valuable assets to our world community. Members of the Student Affairs team embody the Christian values espoused in the University mission statement, enfleshed by our care and concern for students, relationships, and the community. Walsh University provides over 800 students with housing and dining services. Several of the ten residence halls are newly constructed and offer apartment-style and suite-style living. Dining service facilities include the Schervish Dining Hall, the Betzler Grille, the Cavalier Cafe and the C-Store offering various meal plan selections and dining innovations. Walsh University's athletic program offers 22 different men's and women's athletic teams and continues to enjoy a winning tradition. While in the NAIA, Walsh won the American Mideast Conference (AMC) All-Sports Award and numerous sports conference championships. While still a member of the American Mideast Conference the Cavs produced champions in men's soccer, men's basketball, men and women's track, volleyball and softball. Walsh University Athletics were granted full membership into the NCAA Division II at the beginning of the 2013-2014 academic year. As full members of the Great Midwest Athletic Conference (G-MAC) 20 of our NCAA sports compete for G-MAC Conference Championships while two (womens and mens bowling) are not sponsored by the conference. During fiscal year 2020, the University completed a remodeling of the Rambo Admissions Center which serves as the front door for all of our prospective students who are thinking about Walsh University and includes a welcome lounge, expanded office space for admissions counselors and private interview rooms for meetings with families. During the year the University finalized the creation of the Byers School of Nursing Intensive Care Unit simulation lab that houses an iStan patient simulator. The University also added a St. Thomas Aquinas Statue on the campus grounds, and completed an upgrade to the Universitys website. The University began several projects during the fiscal year 2020 including construction of Larry Staudt Field: an outdoor turf field to be used by athletic teams, construction of a clock tower on the northeast corner of campus, and state-of-the-art analytical chemistry lab equipment. Walsh University has been consistently recognized for its excellence in academic and student-focused programming by renowned organizations such as The Newman Guide to Choosing a Catholic College, National Colleges of Distinction, U.S. News & World Report as a Top Regional University in the Midwest and by Victory Media as a Military Friendly School. 70088560 true true false false false true false true false true true true false false true false true false true true true false false false true false false false true true true false false false false false false false true false false true false false false false true false false false true 110 0 1593 true false true IT false false false true true false false false false false false X 31 31 false false false false false false false true true true false true true true true true false true true false X LAUREL LUSK 3302444762 2020 EAST MAPLE STREET NORTH CANTON OH 44720 RICHARD JUSSEAUME FORMER PRESIDENT (LEFT 08/19) 40.0 0.0 X 535963 0 60999 ERIC BELDEN VP OF ADVANCEMENT 40.0 0.0 X 158322 0 10105 DR DOUGLAS PALMER LE SECRETARY/VP ACADEMIC AFFAIRS 40.0 0.0 X 135680 0 30979 DALE HOWARD VP FOR ATHLETICS 40.0 0.0 X 132344 0 31708 DR TIMOTHY COLLINS PRESIDENT (EFFECTIVE 08/19) 40.0 0.0 X 136084 0 9245 DR PAMELA RITZLINE DEAN-SCHOOL OF BEHAV & HEALTH 40.0 0.0 X 127022 0 18197 DR MICHAEL PETROCHUK DIRECTOR OF MBA PROGRAM 40.0 0.0 X 107804 0 31549 DR RAJSHEKHAR JAVALGI DEAN - SCHOOL OF BUSINESS 40.0 0.0 X 124013 0 10270 LAUREL LUSK TREASURER/VP FOR FINANCE 40.0 0.0 X 106989 0 9645 E JEFFREY ROSSI CHAIR 2.0 0.0 X X 0 0 0 AJ HYLAND VICE CHAIR 2.0 0.0 X X 0 0 0 BRUCE ALTIERI DIRECTOR 2.0 0.0 X 0 0 0 ISABELLE BIBET-KALINYA DIRECTOR 2.0 0.0 X 0 0 0 BENJAMIN BIERY DIRECTOR 2.0 0.0 X 0 0 0 BRO LEVI BOUDREAU DIRECTOR 2.0 0.0 X 0 0 0 TERESA BRATELY DIRECTOR 2.0 0.0 X 0 0 0 MSGR JAMES CLARKE DIRECTOR 2.0 0.0 X 0 0 0 FRANK D'ANGELO DIRECTOR 2.0 0.0 X 0 0 0 RON DEES DIRECTOR 2.0 0.0 X 0 0 0 JACQUELINE DEGARMO DIRECTOR 2.0 0.0 X 0 0 0 BRO CHARLES DESJARLAI DIRECTOR 2.0 0.0 X 0 0 0 GARY DIDADO DIRECTOR 2.0 0.0 X 0 0 0 DENISE DOMIAN DIRECTOR 2.0 0.0 X 0 0 0 TIMOTHY FAUTSKO DIRECTOR 2.0 0.0 X 0 0 0 PHILIP FRACASSA DIRECTOR 2.0 0.0 X 0 0 0 RAMONA HOOD DIRECTOR 2.0 0.0 X 0 0 0 DAVID MCCAULEY DIRECTOR 2.0 0.0 X 0 0 0 CAROL MILLER DIRECTOR 2.0 0.0 X 0 0 0 THE LATE BISHOP GEORGE DIRECTOR (TERM ENDED 06/05/20) 2.0 0.0 X 0 0 0 RICHARD REICHERT DIRECTOR 2.0 0.0 X 0 0 0 CHRISTOPHER REMARK DIRECTOR 2.0 0.0 X 0 0 0 ED ROBINSON DIRECTOR 2.0 0.0 X 0 0 0 PAUL L RUFLIN DIRECTOR 2.0 0.0 X 0 0 0 THEODORE STULTS DIRECTOR 2.0 0.0 X 0 0 0 FR JAMES SULLIVAN DIRECTOR 2.0 0.0 X 0 0 0 THEODORE SWALDO DIRECTOR 2.0 0.0 X 0 0 0 MARLENE K TOOT DIRECTOR 2.0 0.0 X 0 0 0 BARBARA YINGLING DIRECTOR 2.0 0.0 X 0 0 0 CARL YOUNG DIRECTOR 2.0 0.0 X 0 0 0 BRO WALTER ZWIERCHOWS DIRECTOR 2.0 0.0 X 0 0 0 THE HONORABLE SARA LIO DIRECTOR 2.0 0.0 X 0 0 0 1564221 0 212697 15 false true false SODEXO INC AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 DINING SERVICES 3003004 FRED OLIVIERI CONSTRUCTION CO 6315 PROMWAY AVE NW NORTH CANTON OH 44720 CONSTRUCTION 207042 VASCO 4270 STERILITE ST SE MASSILLON OH 44646 ASPHALT PAVING 113522 TODD'S ENVIROSCAPES INC 7727 PARIS AVE LOUISVILLE OH 44641 LANDSCAPE/SNOW REM. 177962 MERCY MEDICAL CENTER 1320 MERCY DR NW CANTON OH 44708 ATHLETIC TRAINING 161547 9 11820 2235699 3673232 423064 5920751 TUITION AND FEES 611310 63108087 63108087 DORM AND HOUSING REVENUE 611310 5861180 5861180 FOOD SERVICE REVENUE 611310 3965776 3965776 AUXILIARY 611310 578819 578819 73513862 886706 -76 886782 0 0 522392 567436 -45044 0 -45044 -45044 6881881 6608127 273754 273754 273754 42795 11820 51797 -9002 -9002 0 0 0 0 0 0 OTHER REVENUE 611310 1021472 1021472 RECOVERY OF BAD DEBTS 611310 15023 15023 INTEREST INCOME STUDENT LOANS 611310 5494 5494 1041989 81583016 73513862 -76 2148479 6715 6715 30993304 30993304 0 0 1002398 160139 842259 0 20870743 18524393 1792993 553357 1033339 905252 97112 30975 4371475 4070692 249368 51415 1562895 1322155 201197 39543 0 80621 80621 83125 83125 0 0 0 3660101 3078573 529190 52338 623505 296151 322207 5147 1595927 974852 583541 37534 581219 581219 0 2168921 2003188 136226 29507 1096676 1043994 32204 20478 0 0 671006 308126 362880 0 3480318 3480318 446834 208164 238670 DINING SERVICES 2339440 2256895 58618 23927 BAD DEBT EXPENSE 959288 952890 6398 DUES/MEMBERSHIPS/SUBSCRIPTIONS 529467 371170 131033 27264 OTHER INSTRUCTIONAL EXPENSES 70601 70601 117176 13878 102391 907 78345094 70088560 7377744 878790 89224 25144 11260855 14259650 4647478 4157810 2392699 2251165 0 0 0 0 1340668 965171 20915 27331 766199 782660 125682020 60273253 66661466 65408767 17927219 19524733 9831199 9546184 0 0 0 0 600933 582632 115538855 117531247 2637121 3557275 0 0 716123 2248441 16125000 14552892 0 0 0 0 0 0 0 0 1948122 2197079 21426366 22555687 X 65501632 64334904 28610857 30640656 94112489 94975560 115538855 117531247 X 3237922 -877879 -1085585 -411387 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 5000 515349 true true 283902 X false 28386534 1767922 181356 631647 419787 29284378 27379276 1027405 1176660 570260 626547 28386534 25833167 1290602 1739450 523987 959956 27379276 22644893 1523085 2487063 505740 316134 25833167 21925835 1867857 -85048 477079 586672 22644893 0.29860 0.70140 false false 2543599 2543599 91225702 33745007 57480695 19204872 17196638 2008234 12707847 9331608 3376239 65408767 PERPETUAL TRUST 370517 F LONG-TERM INVESTMENT 8745097 F CHARITABLE REMAINDER UNTRUST 430570 F 9546184 0 TUITION DEPOSITS 295600 INTEREST PAYABLE 120894 US GOVT GRANTS REFUNDABLE 945902 CHARITABLE REMAINDER UNITRUST PAYABLE 278533 INTEREST RATE SWAP 556150 2197079 50580582 -877879 619233 -258646 50839228 30743788 30743788 81583016 48631926 592036 592036 48039890 30305204 30305204 78345094 SCHEDULE D, PART III, LINE 4 WALSH UNIVERSITY OWNS THE HOOVER HISTORICAL CENTER OF WALSH UNIVERSITY, WHICH IS A SMALL MUSEUM THAT HOUSES A COLLECTION OF VACUUM CLEANERS AND OTHER ITEMS FROM THE HOOVER COMPANY. THE HOOVER HISTORICAL CENTER WAS DONATED TO WALSH UNIVERSITY IN 2004 AND NOW SUPPORTS THE MUSEUM STUDIES PROGRAM AT THE UNIVERSITY. SCHEDULE D, PART V, LINE 4 THE MAJORITY OF THE ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS. ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D FUNDRAISING EVENT EXPENSES $ 24,600 WOMEN'S COMMITTEE FUNDRAISING EXPENSE $ 27,197 RENTAL EXPENSES $ 567,436 TOTAL $ 619,233 SCHEDULE D, PART XI, LINE 4B LOSS ON CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $ 402,483 GROSS INCOME FROM WOMEN'S COMMITTEE FUNDRAISERS $ 24,734 WOMEN'S COMMITTEE FUNDRAISIER DONATED AUCTION ITEMS $ 11,367 TUITION DISCOUNTS $30,305,204 TOTAL $30,743,788 SCHEDULE D, PART XII, LINE 2D FUNDRAISING EVENT EXPENSES $ 24,600 RENTAL EXPENSES $ 567,436 TOTAL $ 592,036 SCHEDULE D, PART XII, LINE 4B TUITION DISCOUNTS $30,305,204 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PUBLISHED IN LOCAL NEWSPAPERS AND OTHER PRINT MEDIA OF GENERAL CIRCULATION. SCHEDULE E, PART I, LINE 6A FUNDS ARE PROVIDED BY GOVERNMENT AGENCIES UNDER VARIOUS FINANCIAL ASSISTANCE PROGRAMS AND ARE LOANED TO QUALIFIED STUDENTS. THE RECEIPT OF SUCH FUNDS GENERALLY REQUIRES COMPLIANCE AUDITS SO THAT THE TERMS AND CONDITIONS OF THE GRANTOR ARE MET. Europe 1 4 PROGRAM SERVICES INSTRUCTIONAL 404900 1 4 1 4 404900 404900 false false false false false false FASHION SHOW 33304 8570 24734 1000 2986 594 7316 450 14851 VIVA WALSH VEGA 21311 3250 18061 24600 0 54615 11820 42795 1000 2986 594 7316 450 39451 51797 -9002 SCHOLARSHIPS FOR STUDENTS 1576 27298606 DISCOUNTS ON TUITION FOR STUDENTS 415 3006598 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: AFTER STUDENT HAS BEEN ACCEPTED, THEY ARE ENCOURAGED TO FILE A FAFSA. THE UNIVERSITY CONSIDERS ACADEMIC SCHOLARSHIPS, OUTSIDE SCHOLARSHIPS, FEDERAL GRANTS AND STATE ELIGIBILITY. IF THE STUDENT NEEDS FURTHER ASSISTANCE, THE UNIVERSITY OFFERS FEDERAL LOANS, COLLEGE GRANTS AND EMPLOYMENT OPPORTUNITIES. FINANCIAL AID BASED ON NEED IS AWARDED ON FAFSA CALCULATIONS AND THE RESULTING FINANCIAL AID THAT IS TO BE MET. ACADEMIC SCHOLARSHIPS ARE AWARDED BASED ON HIGH SCHOOL GPA, CLASS RANK AND STANDARD TEST SCORES. NEED-BASED GRANTS CAN BE ALLOCATED TO RETURNING STUDENTS BASED ON PREVIOUS YEARS AS LONG AS FINANCIAL NEED IS STILL PRESENT. ACADEMIC SCHOLARSHIPS CONTINUE BASED ON THE STUDENT'S CUMULATIVE GPA AT THE END OF THE YEAR. X X true true X X X X false false false false false false false false false RICHARD JUSSEAUME FORMER PRESIDENT (LEFT 08/19) 334045 0 140000 0 61918 0 38600 0 22399 0 596962 0 0 DR DOUGLAS PALMER LEFT 0620 SECRETARY/VP ACADEMIC AFFAIRS 130526 0 5000 0 154 0 8614 0 22365 0 166659 0 0 ERIC BELDEN VP OF ADVANCEMENT 125833 0 32400 0 89 0 8644 0 1461 0 168427 0 0 DALE HOWARD VP FOR ATHLETICS 129341 0 0 0 3003 0 8644 0 23064 0 164052 0 0 SCHEDULE J, PART I, LINE 1A THE PRESIDENT'S CONTRACT INCLUDES A HOUSING ALLOWANCE THAT THE UNIVERSITY INCLUDES IN THE PRESIDENT'S TAXABLE INCOME. COUNTRY CLUB DUES ARE PAID ON BEHALF OF THE PRESIDENT OF THE UNIVERSITY. THE MEMBERSHIP IS UTILIZED FOR BUSINESS PURPOSES. ANY PERSONAL USE ASSOCIATED WITH THE MEMBERSHIP IS INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 2009-11-19 30000000 REFUNDING ISSUE (SEE PART VI) false false false A 15375000 0 30000000 0 0 0 0 0 0 0 30000000 0 2007 true false true true A false false true true false 0.00240 0.02650 0.02890 false false false true A false false true false true false 0 false 0 false true A true SCHEDULE K, PART I(F) REFUNDED BONDS WERE ISSUED ON 01/10/1999, 04/13/2000, 05/09/2002, 06/05/2003, 07/22/2004, 09/20/2005, 06/29/2006, AND 10/11/2007. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 207042 INDEPENDENT CONTRACTOR false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 113522 INDEPENDENT CONTRACTOR false X 7 389897 STOCK MARKET X AUCTION ITEMS 196 33167 DONOR ESTIMATED FMV false false false FORM 990, PART VI, SECTION A, LINE 9 RICHARD JUSSEAUME 2205 DUNKEITH DR NW CANTON, OH 44708 DOUGLAS PALMER ONE COLLEGE HILL CANTON, MISSOURI 63435 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WILL BE PRESENTED TO THE FINANCE AND AUDIT COMMITTEE FOR DISCUSSION AND APPROVAL AT THE FEBRUARY MEETING. UPON APPROVAL, THE FINANCE AND AUDIT COMMITTEE WILL RECOMMEND APPROVAL OF THE FORM 990 BY THE FULL BOARD. THE APPROVED COPY OF THE FORM 990 WILL BE MADE AVAILABLE TO ALL BOARD MEMBERS THROUGH AN ELECTRONIC PORTAL. SCHEDULE B WILL BE REDACTED IN THE EMAILED VERSION WITH A HARD COPY MADE AVAILABLE TO THE BOARD AT THE FINANCE OFFICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF DIRECTORS OF WALSH UNIVERSITY. EACH YEAR, THE PRESIDENT'S OFFICE SENDS OUT CONFIDENTIAL DISCLOSURE STATEMENTS TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND THE UNIVERSITY'S OFFICERS. BY COMPLETING AND SIGNING THE STATEMENTS EACH MEMBER OR OFFICER IS CERTIFYING THAT THEY HAVE CAREFULLY READ THE WALSH UNIVERSITY BOARD OF DIRECTORS CONFLICT OF INTEREST POLICY; THAT THEY WILL ABIDE BY THE LETTER AND THE SPIRIT OF THE POLICY AND THAT THEY WILL MAKE ALL DISCLOSURES REQUIRED UNDER THE TERMS OF THE POLICY. THE COMPLETED AND SIGNED STATEMENTS ARE SENT TO THE TREASURER OF THE BOARD OF DIRECTORS. THE TREASURER AND THE CHAIR OF THE BOARD REVIEW THE STATEMENTS AND MAKE A DETERMINATION AS TO THE LIKELIHOOD OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTERESTS. IF A DIRECTOR REPORTS A CONFLICT OF INTEREST TO THE BOARD, THAT DIRECTOR MAY EXPRESS HIS OR HER VIEWS AT BOARD OR COMMITTEE MEETINGS AFTER DISCLOSING AT THE TIME OF SUCH EXPRESSION THE MATERIAL FACTS GIVING RISE TO THE CONFLICT OF INTEREST. THE DISINTERESTED DIRECTORS ARE ALSO PERMITTED TO DISCUSS THE MATTER OUTSIDE OF THE PRESENCE OF THE DIRECTOR WHO HAS A CONFLICT OF INTEREST. THE DIRECTOR WHO HAS A CONFLICT OF INTEREST WILL NOT BE PERMITTED TO VOTE ON MATTERS UNDER CONSIDERATION BY THE BOARD AFFECTED BY THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A & 15B On August 5, 2019, the University hired its seventh president with the assistance of a national search firm. At the time of the search, the Board of Directors of the University worked with the search firm, referenced the CUPA-HR Administrative Compensation Survey and worked with legal counsel to set the initial compensation. Annual adjustments may be determined at the sole discretion of the Board, subject to the President's performance, as assessed by performance reviews conducted by the Board or its authorized designee(s), and the financial position of the University. The President sets compensation amounts for the University's Vice-Presidents based on the University's Compensation Management Program. The Compensation Management Program takes into account job factors including facilitating student success, knowledge and skill, impact and responsibility, interaction with others, and working context. The President works with the Director of Human Resources to reference the CUPA-HR Administrative Compensation Survey to determine if salary levels are appropriate. The Board of Directors approves all contracts through the budgeting process. FORM 990, PART VI, SECTION C, LINE 19 WALSH UNIVERSITY DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT AVAILABLE TO THE GENERAL PUBLIC. HOWEVER, THE UNIVERSITY WILL PROVIDE THESE DOCUMENTS TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 8 The University's adoption of Topic 606 resulted in a change to the timing of revenue recognition related to one contract. The primary impact of the new revenue standard was recognition of a deferred revenue liability for this contract that has a period of benefit and a return provision if the contract is exited early. The University recorded a liability of $1,085,585 as of July 1, 2019, with the cumulative effect of adopting the standard at the date of initial application recorded to net assets. FORM 990, PART XI, LINE 9 LOSS ON CHANGE IN FAIR VALUE OF INTEREST RATE SWAP ($402,483) GROSS INCOME FROM WOMEN'S COMMITTEE EVENTS ($ 27,734) EXPENSES FROM WOMEN'S COMMITTEE EVENTS $ 27,197 WOMEN'S COMMITTEE FUNDRAISER DONATED AUCTION ITEMS ($ 11,367) TOTAL ($402,483) CHARITABLE REMAINDER UNITRUSTS (2) CHAR REM UNITRUST OH NA false false false false false false false false false false false false false false false false false false false false