2019-02-14T08:15:06-06:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 4505 STEPHEN CIRCLE NW STE 200 CANTON OH 44718 990 2017-07-01 340868798 WALSH UNIVERSITY INC WALS 3304997090 2020 EAST MAPLE ST NORTH CANTON OH 447203396 LAUREL LUSK VP FINANCE & BUSINESS AFFAIRS 3302444762 2019-02-13 1 LISA HILLING P01624111 3304972000 67.137.57.251 2019-02-13 10:15:19 ES P 30AA84F5E78C5AA3800A9923CFABCD0D90B44FDF 48FB96C2C824C9A755BE195929E44C7DF1071BED 2017 2019-02-21 02:37:17Z RICHARD JUSSEAUME 2020 EAST MAPLE ST NORTH CANTON OH 447203396 87661765 0 X WWW.WALSH.EDU X 1958 OH TO EDUCATE STUDENTS TO BECOME LEADERS IN SERVICE TO OTHERS THROUGH A VALUES-BASED EDUCATION. 32 30 1695 310 0 5033 5416492 3941689 73984707 74734436 265681 1675623 862042 1179791 80528922 81531539 28959906 29973077 0 0 29907858 29171005 72870 0 964142 19127335 19959128 78067969 79103210 2460953 2428329 115401929 116264310 25038389 22732837 90363540 93531473 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. 0 0 70922048 29973077 74734436 THE UNIVERSITY PROVIDES APPROXIMATELY 3,000 STUDENTS 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); 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. (CONTINUED ON SCHEDULE O)(CONTINUED FROM FORM 990, PART III, LINE 4A) 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 105,445 VOLUMES, 60 PAPER SUBSCRIPTIONS, 4,528 AUDIO VISUAL TITLES ON PHYSICAL MEDIA, 53,932 STREAMING EDUCATIONAL VIDEOS, AND 211 ELECTRONIC DATABASES. THE UNIVERSITY ALSO HAS LINKS TO 330,679 ELECTRONIC BOOKS, AND 33,208 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 1000 STUDENTS WITH HOUSING AND DINING SERVICES. SEVERAL OF THE NINE 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. IN 1998 WALSH WON ITS FIRST NAIA NATIONAL CHAMPIONSHIP BY WINNING THE WOMEN'S BASKETBALL TITLE, AND IN 2005 THE MEN'S BASKETBALL TEAM FOLLOWED WITH A NATIONAL CHAMPIONSHIP. IN 2011, THE MEN'S BASKETBALL TEAM CAPTURED ITS SEVENTH CONSECUTIVE AMC CHAMPIONSHIP TITLE AND ADVANCED AS FAR AS THE SWEET 16 OF THE NAIA CHAMPIONSHIP TOURNAMENT. IN ADDITION, THE WOMEN'S BASKETBALL TEAM WON ITS FIRST REGULAR AMC CHAMPIONSHIP SINCE 1989 AND REACHED THE FINAL FOUR IN THE NAIA CHAMPIONSHIP TOURNAMENT. WALSH'S 30 WINS ARE THE MOST IN SCHOOL HISTORY. THE WOMEN'S BASKETBALL TEAM WAS ONE OF FOUR NUMBER ONE SEEDS AT THE NATIONAL TOURNAMENT. 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 WAS 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 2 (WOMEN'S AND MEN'S BOWLING) ARE NOT SPONSORED BY THE CONFERENCE.IN OUR SHORT TIME IN THE NCAA II, WE HAVE HAD THE MEN'S CROSS COUNTRY TEAM MAKE IT TO THE NATIONAL NCAA II MEET. ADDITIONALLY, WE HAVE HAD ALL AMERICANS IN TRACK AND FIELD INCLUDING A SECOND AND SEVENTH PLACE FINISH IN THE WOMEN'S 1,500 METER RACE, A FOURTH PLACE FINISH IN THE WOMEN'S POLE VAULT AND A FOURTH PLACE FINISH IN THE MEN'S SHOT PUT AT THE NATIONAL OUTDOOR TRACK CHAMPIONSHIPS.SEVERAL CAMPUS CONSTRUCTION AND RENOVATION PROJECTS WERE EITHER COMPLETED OR STARTED DURING FISCAL YEAR 2018. THE DESIGN OF WALSH'S GLOBAL LEARNING CENTER CONTINUED THROUGH THE FISCAL YEAR AND OPENED JANUARY 2018. THE CENTER IS A TWO STORY, 44,100 SQUARE FOOT STATE-OF-THE-ART, FLEXIBLE, INTERACTIVE ACADEMIC FACILITY THAT PROMOTES COLLABORATION, CREATIVITY, AND TEACHING EXCELLENCE, PREPARING WALSH STUDENTS FOR SUCCESS IN THE GLOBAL MARKETPLACE. THE FACILITY HOUSES A VARIETY OF LEARNING RESOURCES, INCLUDING:COMPUTER ENGINEERING CLASSROOM TO SUPPORT NEW ENGINEERING MAJORS AT WALSH UNIVERSITY - VIDEO PRODUCTION, FILM EDITING, AUDIO RECORDING, GRAPHIC DESIGN AND DIGITAL MEDIA LABS - DIGITAL CLASSROOMS AND COLLABORATIVE LEARNING SPACES - CAREER READINESS CENTER - GATHERING SPACE IN A LARGE, OPEN ATRIUM AND CAFE - THOUGHT-PROVOKING FORUMS AND INSTITUTES IN PUBLIC AFFAIRS, APPLIED HUMANITIES AND HEALTH - CHAPEL FOR QUIET REFLECTION AND FAITH EXPLORATION THE GLOBAL LEARNING CENTER ALSO INCLUDES AN INTERACTIVE VIDEO WALL WHICH AMONG ITS MANY FEATURES, CONNECTS THE NORTH CANTON CAMPUS WITH WALSH'S GLOBAL LEARNING CLASSES IN ITALY, UGANDA, AND AROUND THE WORLD.DURING FISCAL YEAR 2018, THE UNIVERSITY CONVERTED A COMPUTER LAB/CLASSROOM INTO THE STUDENT MANAGED INVESTMENT PORTFOLIO (SMIP) TRADING ROOM. THE ROOM FEATURES A TICKER TAPE AND A VIEWING WINDOW WHERE STUDENTS ARE ABLE TO MANAGE THE INVESTMENT OF FUNDS DESIGNATED FOR THE SMIP PURPOSES.AT THE END OF FISCAL YEAR 2018, THE UNIVERSITY BEGAN THE RENOVATIONS OF THE TWO OLDEST RESIDENCE HALLS ON CAMPUS. INCLUDED IN THE RENOVATIONS ARE NEW FLOORING, PAINTING, ELECTRICAL AND PLUMBING WORK. RENOVATIONS WERE COMPLETE PRIOR TO THE START OF THE FALL SEMESTER TO WELCOME STUDENTS BACK TO CAMPUS. 70922048 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 0 1 0 1 1 1 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 0 0 0 0 1 126 0 1695 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X LAUREL LUSK VP FOR FINANCE & BUSINESS AFFAIRS 3302444762 WALSH UNIVERSITY INC NORTH CANTON OH 447203396 JUDGE SARA LIOI CHAIR 2.00 X X 0 0 0 E JEFFREY ROSSI VICE CHAIR 2.00 X X 0 0 0 GERARD ARCHAMBAULT DIRECTOR 2.00 X 0 0 0 ROBERT F BELDEN DIRECTOR 2.00 X 0 0 0 DENNIS BIERY DIRECTOR 2.00 X 0 0 0 BROTHER LEVI BOUDREAU DIRECTOR 2.00 X 0 0 0 MSGR JAMES CLARKE DIRECTOR 2.00 X 0 0 0 DANIEL CUNNINGHAM DIRECTOR 2.00 X 0 0 0 FRANK D'ANGELO DIRECTOR 2.00 X 0 0 0 RON DEES DIRECTOR 2.00 X 0 0 0 JACQUELINE DEGARMO DIRECTOR 2.00 X 0 0 0 BRO CHARLES DESJARLAIS DIRECTOR 2.00 X 0 0 0 ROGER DEVILLE DIRECTOR 2.00 X 0 0 0 GARY DIDADO DIRECTOR 2.00 X 0 0 0 DENISE DOMIAN DIRECTOR 2.00 X 0 0 0 JOHN E DOWLING DIRECTOR 2.00 X 0 0 0 TIMOTHY FAUTSKO DIRECTOR 2.00 X 0 0 0 AJ HYLAND DIRECTOR 2.00 X 0 0 0 WILLIAM KERINS DIRECTOR 2.00 X 0 0 0 BRO JEROME LESSARD DIRECTOR 2.00 X 0 0 0 EDWARD A MAHONEY DIRECTOR 2.00 X 0 0 0 DAVID MCCAULEY DIRECTOR 2.00 X 0 0 0 CAROL MILLER DIRECTOR 2.00 X 0 0 0 BISHOP GEORGE MURRY DIRECTOR 2.00 X 0 0 0 RICHARD REICHERT DIRECTOR 2.00 X 0 0 0 CHRISTOPHER REMARK DIRECTOR 2.00 X 0 0 0 PAUL L RUFLIN DIRECTOR 2.00 X 0 0 0 THEODORE STULTS DIRECTOR 2.00 X 0 0 0 TED SWALDO DIRECTOR 2.00 X 0 0 0 MARLENE TOOT DIRECTOR 2.00 X 0 0 0 BARBARA YINGLING DIRECTOR 2.00 X 0 0 0 BRO WALTER ZWIERCHOWSKI DIRECTOR 2.00 X 0 0 0 RICHARD L JUSSEAUME PRESIDENT 40.00 X 486566 0 64684 DOUGLAS PALMER SECRETARY/VP FOR ACADEMIC AFFAIRS 40.00 X 128982 0 27919 MICHELLE BROWN TREASURER/VP FINANCE(THROUGH 6/30/18) 40.00 X 152598 0 32192 ERIC BELDEN VP OF ADVANCEMENT 40.00 X 148461 0 9959 LAURENCE BOVE PROFESSOR OF PHILOSOPHY 40.00 X 285078 0 34429 DALE HOWARD VP FOR ATHLETICS 40.00 X 128148 0 35887 KEVIN FINEFROCK ASSOC DEAN-SCHOOL FOR PROF STUDIES 40.00 X 110144 0 32250 PAMELA RITZLINE DEAN-SCHOOL OF BEHAV & HEALTH SCI 40.00 X 126335 0 16192 1566312 0 253512 21 0 1 0 FRED OLIVIERI CONSTRUCTION CO 6315 PROMWAY AVE NW NORTH CANTON OH 44720 CONSTRUCTION CONTRACTOR 7608990 SODEXO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 DINING SERVICES 3042255 ANDERSON COACH & TRAVEL ONE ANDERSON PLAZA GREENVILLE PA 16125 BUS SERVICES 200510 MERCY MEDICAL CENTER 1320 MERCY DRIVE CANTON OH 44708 HEALTH SERVICES 131045 MARCHIONE STUDIOS INC 1225 MINERVA CT NW CANTON OH 44703 STAINED GLASS CONTRACTOR 126500 10 37781 618639 3285269 1147883 3941689 TUITION AND FEES 611310 62305089 62305089 SALES/SERVICE AUXILIARY 611310 12429347 12429347 74734436 572110 572110 916852 824377 92475 92475 92475 6326139 1550 5222124 2052 1104015 -502 1103513 1103513 56424 37781 80896 -24472 -24472 7080 777 6303 6303 OTHER REVENUE 611310 1072741 1072741 RECOVERY OF BAD DEBTS 611310 21934 21934 INTEREST INCOME STUDENT LOANS 611310 9787 9787 1023 1023 1105485 81531539 74734436 0 2855414 14688 14688 29958389 29958389 957991 155535 802456 22588730 19960065 2045031 583634 1057799 972040 51277 34482 2793961 2453512 263666 76783 1772524 1509335 218635 44554 131039 27633 103406 152406 152406 1768091 1389169 344690 34232 648829 239978 401517 7334 2530698 1371849 1084375 74474 1907538 1847437 57631 2470 1901855 1671618 209529 20708 372790 372790 3427925 3420610 6900 415 505533 168711 336822 OTHER AUXILIARY 3095764 2956200 98766 40798 OTHER INSTRUCTIONAL EXP 1724647 1715764 6425 2458 OTHER ACADEMIC SUPPORT 780013 336548 443415 50 DUES/MEMBERSHIPS/SUBSCR 473036 347226 104896 20914 538964 32951 485177 20836 79103210 70922048 7217020 964142 79283 111046 13076948 8851580 7039010 4983776 2631045 2838398 1849244 1767622 18021 19440 1088104 805493 123114863 53605861 64092057 69509002 14715985 16679967 10107431 9887029 704801 810957 115401929 116264310 3446338 2847842 433626 457430 19125000 17625000 2033425 1802565 25038389 22732837 X 57993775 67000294 17128679 10051618 15241086 16479561 90363540 93531473 115401929 116264310 X 2428329 411849 327755 X 0 1 X 1 1 1 X 1 0 0 542121 1 1 0 283902 X 0 25833167 1290602 1739450 523987 959956 0 27379276 22644893 1523085 2487063 505740 316134 0 25833167 21925835 1867857 -85048 477079 586672 0 22644893 21046406 1887827 -58983 432472 516943 0 21925835 16025236 3141038 2552330 388333 283865 0 21046406 0.33180 0.66820 0.00000 0 0 2543599 2543599 90625519 29647020 60978499 124861 57797 67064 19482350 16663875 2818475 10338534 7237169 3101365 69509002 BENEFICIAL INTEREST IN PERPETUAL TRUST 382326 F ASSETS DESIGNATED FOR LONG-TERM INVESTMENT 9036875 F CHARITABLE REMAINDER UNITRUST 467828 F 9887029 TUITION DEPOSITS 336882 INTEREST PAYABLE 205320 US GOVT GRANTS REFUNDABLE 948276 CHARITABLE REMAINDER UNITRUST PAYABLE 312087 1802565 53193503 411849 1243614 1655463 51538040 29993499 29993499 81531539 50025570 880851 880851 49144719 29958491 29958491 79103210 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. PART V, LINE 4: THE MAJORITY OF THE ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 824,377. INTEREST RATE SWAP 337,062. LOSS ON SALE OF FIXED ASSETS 502. FUNDRAISING EVENT EXPENSES 80,896. GAMING ACTIVITY EXPENSES 777. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 29,958,389. GROSS INCOME FROM WOMEN'S COMMITTEE FUNDRAISERS 32,797. WOMEN'S COMMITTEE FUNDRAISER DONATED AUCTION ITEMS 2,211. MISCELLANEOUS EXPENSES 102. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 824,377. LOSS ON SALE OF FIXED ASSETS 502. FUNDRAISING EVENT EXPENSES 55,195. GAMING ACTIVITY EXPENSES 777. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 29,958,389. MISCELLANEOUS EXPENSES 102. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LOCAL NEWSPAPERS AND OTHER PRINT MEDIA OF GENERAL CIRCULATION SCHEDULE E, PART I, LINE 6 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 832216 1 4 0 0 1 4 832216 0 832216 0 0 0 0 0 0 FAREY RAFFLE 30920 24736 6184 12000 0 0 5719 0 409 FASHION SHOW 30182 6445 23737 0 0 0 15451 2 33103 6600 26503 1979 9773 35565 94205 37781 56424 12000 1979 15492 51425 80896 -24472 0 SCHOLARSHIPS FOR STUDENTS 1687 27197971 DISCOUNTS ON TUITION FOR STUDENTS 374 2760418 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RICHARD L JUSSEAUME PRESIDENT 326822 0 100000 0 59744 0 41008 0 23676 0 551250 0 0 0 DOUGLAS PALMER SECRETARY/VP FOR ACADEMIC AFFAIRS 123643 0 5200 0 139 0 7640 0 20279 0 156901 0 0 0 MICHELLE BROWN TREASURER/VP FINANCE(THROUGH 6/30/18 139843 0 0 0 12755 0 27822 0 4370 0 184790 0 0 0 ERIC BELDEN VP OF ADVANCEMENT 123268 0 25000 0 193 0 8507 0 1452 0 158420 0 0 0 LAURENCE BOVE PROFESSOR OF PHILOSOPHY 87780 0 0 0 197298 0 24098 0 10331 0 319507 0 0 0 DALE HOWARD VP FOR ATHLETICS 127195 0 0 0 953 0 8501 0 27386 0 164035 0 0 0 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) 0 0 0 A 30000000 30000000 2007 1 0 1 1 A 0 0 1 1 0 0.00240 0.01040 0.01280 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 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. AULTCARE INSURANCE COMPANY CHRIS REMARK IS A BOARD MEMBER OF WALSH AND CEO OF AULTMAN HOSPITAL 3146689 THE UNIVERSITY CONTRACTS WITH AULTCARE INSURANCE COMPANY FOR HEALTH AND DENTAL INSURANCE AS WELL AS THE THIRD PARTY ADMINISTRATOR (AULTRA/AULTRA SELF) OF OUR HEALTH AND DEPENDENT CARE FLEXIBLE SPENDING ACCOUNTS. CHRIS REMARK IS CURRENTLY A MEMBER OF THE UNIVERSITY'S BOARD OF DIRECTORS AND IS THE CEO OF AULTMAN HEALTH FOUNDATION. THE SELECTION OF AULTCARE WAS MADE PRIOR TO MR. REMARK'S APPOINTMENT TO THE BOARD. EVERY TWO YEARS, THE UNIVERSITY RECEIVES COMPETITIVE QUOTES FROM THE RESULTS OF THE MARKET RESEARCH PERFORMED BY OUR BROKERS. IF AND WHEN ANY ISSUES CONCERNING AULTCARE ARE TAKEN TO THE BOARD, MR. REMARK WILL FOLLOW THE GUIDELINES SET BY THE CONFLICT OF INTEREST POLICY AND WILL ABSTAIN FROM VOTING. 0 MERCY MEDICAL BARBARA YINGLING IS A BOARD MEMBER OF WALSH AND VP OF MERCY MEDICAL 135605 THE UNIVERSITY CONTRACTS WITH MERCY MEDICAL CENTER, INC. TO PROVIDE ATHLETIC TRAINING SERVICES FOR THE UNIVERSITY'S ATHLETIC PROGRAM. MERCY MEDICAL CENTER'S WORK HEALTH & SAFETY SERVICES ALSO PROVIDE A STUDENT HEALTH CENTER MANAGEMENT PROGRAM AT THE UNIVERSITY. IF AND WHEN ANY ISSUES CONCERNING MERCY MEDICAL ARE TAKEN TO THE BOARD, MS. YINGLING WILL FOLLOW THE GUIDELINES SET BY THE CONFLICT OF INTEREST POLICY AND WILL ABSTAIN FROM VOTING. 0 AULTRA SELF CHRIS REMARK IS A BOARD MEMBER OF WALSH AND CEO OF AULTRA SELF 258555 SEE DESCRIPTION FOR AULTCARE. 0 X 8 1121110 STOCK MARKET X AUCTION ITEMS AND RAFFLE PRIZES 70 26773 DONOR ESTIMATED FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WAS PRESENTED TO THE FINANCE AND AUDIT COMMITTEE FOR DISCUSSION AND APPROVAL AT THE FEBRUARY MEETING. UPON APPROVAL, THE FINANCE AND AUDIT COMMITTEE RECOMMENDED APPROVAL OF THE FORM 990 BY THE FULL BOARD. THE APPROVED COPY OF THE FORM 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS THROUGH ELECTRONIC MAIL. SCHEDULE B WAS 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 SECRETARY OF THE BOARD OF DIRECTORS. THE SECRETARY 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 THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR ESTABLISHING THE COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY. THE COMMITTEE CONSISTS OF THE FOLLOWING: - CHAIRMAN OF THE BOARD OF DIRECTORS - VICE-CHAIRMAN OF THE BOARD OF DIRECTORS - FINANCE & AUDIT COMMITTEE CHAIRMAN - VP OF FINANCE & BUSINESS AFFAIRS/CFO ADDITIONAL INPUT COMES FROM THE DIRECTOR OF HUMAN RESOURCES. NOTE THAT THE VP OF FINANCE & BUSINESS AFFAIRS/CFO IS A NON-VOTING MEMBER OF THE COMMITTEE AND MAKES NO DECISIONS REGARDING THE PRESIDENT'S COMPENSATION. THE COMMITTEE ESTABLISHED THE PRESIDENT'S CONTRACT AMENDMENT NO. 1, EFFECTIVE JULY 1, 2007, WHICH DEFINES ADDITIONAL BENEFITS. THE COMPENSATION COMMITTEE USED THE FOLLOWING INFORMATION AND SERVICES TO ESTABLISH THE AMENDMENT: - NAICU PRESIDENTS NETWORK SALARY SURVEY - CUPA-HR ADMINISTRATIVE COMPENSATION SURVEY - CONSULTANT - LEGAL SERVICES FROM BLACK, MCCUSKEY, SOUERS & ARBAUGH IN 2014 THE COMMITTEE AMENDED THE PRESIDENT'S CONTRACT TO ESTABLISH THE ANNUAL BASE SALARY AND LONGEVITY PAYMENTS FOR THE TERM OF THE CONTRACT. THE ANNUAL BASE SALARY IS SET ACCORDING TO THE MOST RECENT VERSION OF THE ADMINISTRATOR'S IN HIGHER EDUCATION SALARY SURVEY, PRIVATE RELIGIOUS INSTITUTIONS (CUPA-HR SURVEY) UNDER THE CEO, SINGLE INST./CAMPUS SYST. COLUMN. IT SHALL BE THE AVERAGE OF THE UNWEIGHTED MEDIAN SALARY BY ENROLLMENT QUARTILE AND THE UNWEIGHTED MEDIAN SALARY BY TOTAL EXPENSE QUARTILE. EACH YEAR THE CHAIRMAN AND VICE-CHAIRMAN OF THE BOARD APPROVE THE PRESIDENT'S ANNUAL BASE SALARY AND LONGEVITY PAYMENT. 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 9: GAIN ON INTEREST RATE SWAP 337,062. GROSS INCOME FROM WOMEN'S COMMITTEE EVENTS -32,797. EXPENSES FROM WOMEN'S COMMITTEE EVENTS 25,701. WOMEN'S COMMITTEE FUNDRAISER DONATED AUCTION ITEMS -2,211. FEDERAL ELECTIONS SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION WALSH UNIVERSITY, INC. 2020 EAST MAPLE ST. NORTH CANTON, OH 44720-3396 EMPLOYER IDENTIFICATION NUMBER: 34-0868798 FOR THE YEAR ENDING JUNE 30, 2018 WALSH UNIVERSITY, INC. IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).