2019-05-14T20:29:23-05:00 2018-06-30 Grant Thornton LLP 515 S Flower Street 7th Floor Los Angeles CA 90071 990 2017-07-01 953127273 Western University of Health Sciences % KEVIN SHAW WEST 9096236116 309 E Second Street Pomona CA 917661854 KEVIN SHAW CFO/TREASURER 9096236116 2019-05-14 true Qi Wen Liang P01270238 2136271717 2019-05-13 209.220.88.84 95361120191345000000 2019-05-14 P 0D91463480E37AF7E768AC4EABC03A03FEB9B69B 85285106D67D06EDFF820F5FFC2BA856D01BFB4B 2017 2019-02-21 02:37:17Z Daniel Wilson 309 E Second Street Pomona CA 917661854 230668868 false X www.westernu.edu X 1977 CA TO PRODUCE, IN A HUMANISTIC TRADITION, HEALTH CARE PROFESSIONALS AND BIOMEDICAL KNOWLEDGE THAT WILL ENHANCE AND EXTEND THE QUALITY OF LIFE IN OUR COMMUNITIES. 13 13 1443 1691 58633 239168 8157692 7961164 192245600 196730605 1484625 3703537 2630230 4160247 204518147 212555553 4391636 4174253 0 0 119260990 125492762 0 0 2955428 66496210 64125316 190148836 193792331 14369311 18763222 353969965 373940890 209535822 203860107 144434143 170080783 TO PRODUCE, IN A HUMANISTIC TRADITION, HEALTH CARE PROFESSIONALS AND BIOMEDICAL KNOWLEDGE THAT WILL ENHANCE AND EXTEND THE QUALITY OF LIFE IN OUR COMMUNITIES. false false 148780200 4174253 188316473 WESTERN UNIVERSITY OF HEALTH SCIENCES IS THE LARGEST GRADUATE UNIVERSITY FOR THE HEALTH PROFESSIONS IN THE WESTERN UNITED STATES. WESTERNU CONFERS DEGREES FOR PHYSICIANS, PHARMACISTS, NURSES, PHYSICIAN ASSISTANTS, PHYSICAL THERAPISTS, VETERINARIANS, DENTISTS, PODIATRISTS, OPTOMETRISTS, AND RESEARCHERS. 15934091 10028677 WesternU Health was founded by Western University of Health Sciences in 2008 as an academic medical center. As a teaching facility, WesternU Health serves residents in the Pomona Valley and Rancho Cucamonga areas, as well as, Western University staff and students. As WesternU has grown, it has also expanded into other areas including Palm Desert, West Los Angeles, and most recently in Oregon. WesternU Health was established to provide medical services and research in specialty areas including eye care, dental care, pharmacy, and many more. 164714291 true true false true false false false true false true true true false false true true false true true false false false false false true false false false true true true false false false false false false false false true false true false false false false true true true false false true 1035 0 true 1443 true true true false false false false true true false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false CA OR X X KEVIN SHAW 9096236116 309 EAST SECOND STREET Pomona CA 917661854 Richard Bond Chairman 1.0 0.0 X X 0 0 0 Linda Crans Vice Chair 1.0 0.0 X X 0 0 0 Ethan Allen Treasurer 1.0 0.0 X X 0 0 0 John Forbing Secretary 1.0 0.0 X X 0 0 0 Mike Quick Member-At-Large thru 08/2017 1.0 0.0 X 0 0 0 David Sadava Member-At-Large 1.0 0.0 X 0 0 0 Gene Barduson Member-At-Large 1.0 0.0 X 0 0 0 Vincent Naimoli Member-At-Large thru 10/2017 1.0 0.0 X 0 0 0 Derek Samuel Member-At-Large 1.0 0.0 X 0 0 0 Tony Chan Member-At-Large 1.0 0.0 X 0 0 0 Wen Chang Member-At-Large 1.0 0.0 X 0 0 0 Jeff Heatherington Member-At-Large 1.0 0.0 X 0 0 0 Art Antin Member-at-large 1.0 0.0 X 0 0 0 Sean P Stanton member-at-large 1.0 0.0 X 0 0 0 Elizabeth Zamora member-at-large 1.0 0.0 X 0 0 0 Daniel Wilson President 40.0 0.0 X 777501 0 37535 Kevin D Shaw CFO/Treasurer 40.0 0.0 X 351490 0 41612 Gary M Gugelchuk Provost and COO 40.0 0.0 X 465647 0 28031 Philip Pumerantz President Emeritus thru 12/17 40.0 0.0 X 807771 0 38464 Paula Crone Dean of Comp 40.0 0.0 X 378984 0 28031 Daniel Robinson Dean of Pharmacy 40.0 0.0 X 314443 0 25802 Stephen Friedrichsen Dean of College of Dentistry 40.0 0.0 X 331139 0 28801 Thomas Fox Sr. Vice President thru 7/17 40.0 0.0 X 226634 0 23346 Phillip Nelson Dean of Veterinary Medicine 40.0 0.0 X 318268 0 29083 Lawrence B Harkless Founding Dean of Podiatry 40.0 0.0 X 272565 0 20338 Diane Abraham VP for University Advancement 40.0 0.0 X 150836 0 14648 Lester Jones Interim Dean - Podiatric 40.0 0.0 X 288997 0 21198 David Connett Vice Dean, Comp/Prof 40.0 0.0 X 361852 0 21060 J Michael Finley Assoc DN/Opti W Dir/Assoc Prof 40.0 0.0 X 320595 0 37532 Steven J Henriksen VP Research/Biotech 40.0 0.0 X 335719 0 31020 Jeffrey Elo Prof. of College of Dental Med 40.0 0.0 X 318526 0 37532 ANDREW PUMERANTZ PROFESSOR 40.0 0.0 X 313592 0 20351 6334559 0 484384 332 false true false Samaritan Health Services Inc 3600 NW SAMARITAN DR CORVALLIS OR 97330 lease 2132860 Arthur J Gallagher Co PO BOX 742886 LOS ANGELES CA 90074 insurance 1956220 ARROWHEAD REGIONAL MEDICAL CENTER 400 N PEPPER AVENUE COLTON CA 92324 ROTATIONS 1319141 ABM Services Inc 500 S Ewing Ave suite a ST LOUIS MO 63103 Cleaning Crews 1170565 IMPERIAL SECURITY SERVICE INC 9360 SANTA ANITA AVE SUITE 106 RANCHO CUCAMONGA CA 91730 SECURITY 1046951 102 281464 3458701 4220999 204359 7961164 NET TUITION REVENUE 611710 182925787 182925787 MEDICAL CLINIC REVENUE 621400 10028677 10028677 BOOKSTORE REVENUE 451211 2129394 2129394 STUDENT FEES 611710 1180614 1180614 STUDENT PARKING 812930 466133 466133 196730605 2914067 2914067 0 0 983176 983176 0 983176 983176 18523368 144000 17157577 720321 1365791 -576321 789470 789470 72650 281464 235417 -162767 -162767 0 0 0 0 0 0 GAIN ON INVOLUNTARY CONVERSION 900099 1253474 1253474 OUTSIDE REVENUES 058633 853271 794638 58633 STAFF PARKING 900099 413186 413186 819907 819907 3339838 212555553 198345150 58633 6190606 0 4174253 4174253 0 0 4339501 1898708 2440793 412889 412889 95677778 83941729 9987035 1749014 6820893 5857635 844420 118838 11382415 9768898 1414455 199062 6859286 5890606 849173 119507 0 1544186 536229 1007957 169700 169700 0 0 239895 239895 7537443 6259812 1167471 110160 694527 481912 198752 13863 2169207 1521624 576588 70995 2794913 2005736 726635 62542 0 10818767 9290923 1339352 188492 2731782 2376583 293366 61833 0 2579510 1801057 760329 18124 4695526 3975223 646850 73453 0 7095493 6020809 965092 109592 1074227 1074227 ROTATIONS EXPENSE 4488661 4488661 MED, LAB, STUDENT SUPPLIES 3993905 3993905 REPAIRS & MAINTENANCE 3076024 2691071 353074 31879 COST OF GOODS SOLD 2732757 2732757 5688793 4593271 1067448 28074 193792331 164714291 26122612 2955428 0 0 4542743 5758626 2323602 1718532 3082642 3586873 0 0 0 0 34945070 33580042 1001487 1265714 2669227 2227183 221682441 88628469 135096543 133053972 80478277 97738971 87179612 92399722 0 0 0 0 2650762 2611255 353969965 373940890 27918635 27005068 0 0 29484180 33144604 86570497 84654431 0 0 0 0 0 0 0 0 65562510 59056004 209535822 203860107 X 123794824 149503776 10027832 10147386 10611487 10429621 144434143 170080783 353969965 373940890 X 18763222 1242977 5640441 X false true X true true true X false false false false false false false false true 6120 6120 false SCHEDULE C, PART II-B, LINE 1I: THE UNIVERSITY PAID INDIRECT LOBBYING EXPENSES THROUGH MEMBERSHIP DUES PAID TO AN OUTSIDE ORGANIZATION. THE LOBBYING EXPENSES WERE USED TO EXPAND OSTEOPATHIC AND/OR OTHER MEDICAL AWARENESS. 34900 X false 39499389 83479 3721514 518856 -419727 43205253 36494215 362250 4480594 656416 1181254 39499389 25051136 12764840 712146 543152 1490755 36494215 15493770 10251812 559288 259290 994444 25051136 13205051 1265530 2099267 460296 615782 15493770 0.69920 0.21840 0.08240 false false 3005734 6256068 9261802 124342446 30267985 94074461 39720476 19540848 20179628 46431013 37053016 9377997 1926705 1766621 160084 133053972 CERTIFICATE OF DEPOSITS 8797534 F CORPORATE & GOVERNMENT BONDS 82910373 F EQUITIES 578924 F MUTUAL FUNDS 112891 F 92399722 0 FEDERAL STUDENT LOAN FUNDS 38600622 BOND ISSUE SWAP LIABILITY 17227622 LIABILITY ON SPLIT-INTEREST AGREEMENTS 2494784 DEPOSITS FROM AGENCY FUNDS 541094 ACCRUED BOND INTEREST PAYABLE 191882 59056004 X COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS SCHEDULE D, PART III, LINE 1B(II): WESTERN UNIVERSITY HAS RECEIVED DISNEY COLLECTIBLE ITEMS, WHICH ARE MAINTAINED AT ONE OF THEIR CAMPUSES AS PUBLIC DISPLAY ITEMS. INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4: THE INVESTMENT OBJECTIVES FOR THE MANAGEMENT OF ENDOWMENT ASSETS ARE TO MANAGE CONTRIBUTIONS IN A MANNER THAT WILL MAXIMIZE THE BENEFIT INTENDED BY THE DONOR, TO PRODUCE CURRENT INCOME TO SUPPORT THE PROGRAMS OF THE UNIVERSITY, DONOR OBJECTIVES, AND TO ACHIEVE GROWTH OF BOTH PRINCIPAL VALUE AND INCOME OVER TIME SUFFICIENT TO PRESERVE OR INCREASE THE PURCHASING POWER OF THE ASSETS, THUS PROTECTING THE ASSETS AGAINST INFLATION. FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2: WESTERN UNIVERSITY OF HEALTH SCIENCES FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE UNIVERSITY IS SUBJECT TO INCOME TAXES FOR UNRELATED BUSINESS INCOME REALIZED IN CONNECTION WITH ITS UNRELATED BUSINESS ACTIVITIES. PARK HOSPITAL INC., A MAJORITY-OWNED SUBSIDIARY; PASO ORO VERDE INC., A WHOLLY OWNED SUBSIDIARY; AND COMP ENTERPRISES INC., A WHOLLY OWNED SUBSIDIARY, ARE INCLUDED INTO THE UNIVERSITYS CONSOLIDATED FINANCIAL STATEMENTS AND ARE TAXED INDEPENDENTLY. FOR THE FISCAL YEAR ENDED JUNE 30, 2018 THE UNIVERSITY LEASED A PARKING LOT THAT GENERATED $58,633 OF UNRELATED BUSINESS INCOME SUBJECT TO FEDERAL AND STATE INCOME TAXATION. SIMILAR UNRELATED BUSINESS INCOME IS EXPECTED TO BE EARNED IN FISCAL YEAR 2019. NO PROVISION FOR INCOME TAXES IS MADE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE UNIVERSITY HAS BEEN RECOGNIZED BY THE CALIFORNIA FRANCHISE TAX BOARD AS A UNIVERSITY THAT IS EXEMPT FROM CALIFORNIA FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS ALSO EXEMPT FROM OREGON INCOME TAXES UNDER THE RELATED STATE PROVISIONS. THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NON-DISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3: THE RACIALLY NON-DISCRIMINATORY POLICY IS CLEARLY STATED ON WESTERN UNIVERSITY'S WEBSITE IN THE UNIVERSITY CATALOG. RECEIPT OF FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCY SCHEDULE E, PART I, LINE 6A: THE UNIVERSITY RECEIVES STUDENT FINANCIAL AID FUNDS WHICH ARE PASSED THROUGH TO THE STUDENT TO BE USED FOR TUITION AND OTHER QUALIFYING COSTS. THE UNIVERSITY ALSO RECEIVES VARIOUS RESEARCH GRANTS FROM STATE AND FEDERAL AGENCIES TO CONDUCT MEDICAL RESEARCH ACTIVITIES, WHICH ARE WITHIN THE SCOPE OF THEIR EXEMPT PURPOSE. CA OR ATC 272827 206502 66325 122506 24518 45382 EAST WEST 57996 51671 6325 17043 23031 1 23291 23291 2937 354114 281464 72650 139549 24518 71350 235417 -162767 true Scholarships 822 4174253 0 PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES SCHEDULE I, PART I, LINE 2: GRANTS ARE PUT INTO A SEPARATE AND UNIQUE FUND AND THE EXPENDITURES ARE MONITORED AGAINST THE PROPOSAL AND AWARD. WESTERN UNIVERSITY MANAGES AN EXTENSIVE FINANCIAL AID PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION IS ABLE TO MATRICULATE AND CONTINUE TO GRADUATION. THE ASSISTANCE PROGRAMS TAKE TWO MAJOR FORMS: MERIT SCHOLARSHIPS AND NEED-BASED FINANCIAL AID. THE STUDENT FIRST APPLIES FOR ASSISTANCE, AND THEN BASED ON THE GRANT CRITERIA (FINANCIAL AND ENROLLMENT), THE FINANCIAL AID DEPARTMENT MONITORS THE AMOUNTS GIVEN BY THE GRANT. GRANT AND SCHOLARSHIP AWARD COMMITTEES AWARD THE RECIPIENTS. X X X X X true true X X X X X false false false false false false false false false Daniel Wilson President 711878 0 0 0 65623 0 20250 0 17998 0 815749 0 0 0 Kevin D Shaw CFO/Treasurer 349827 0 0 0 1663 0 20250 0 26841 0 398581 0 0 0 Gary M Gugelchuk Provost and COO 463984 0 0 0 1663 0 20250 0 8082 0 493979 0 0 0 Philip Pumerantz President Emeritus thru 12/17 680876 0 0 0 126895 0 20250 0 21001 0 849022 0 0 0 Paula Crone Dean of Comp 378404 0 0 0 580 0 20250 0 8082 0 407316 0 0 0 Daniel Robinson Dean of Pharmacy 309252 0 0 0 5191 0 20250 0 5853 0 340546 0 0 0 Stephen Friedrichsen Dean of College of Dentistry 329476 0 0 0 1663 0 20250 0 8852 0 360241 0 0 0 Thomas Fox Sr. Vice President thru 7/17 225163 0 0 0 1471 0 17243 0 6158 0 250035 0 0 0 Phillip Nelson Dean of Veterinary Medicine 316605 0 0 0 1663 0 20250 0 9146 0 347664 0 0 0 David Connett Vice Dean, Comp/Prof 360189 0 0 0 1663 0 20250 0 1123 0 383225 0 0 0 Lawrence B Harkless Founding Dean of Podiatry 270431 0 0 0 2134 0 19860 0 609 0 293034 0 0 0 J Michael Finley Assoc DN/Opti W Dir/Assoc Prof 319511 0 0 0 1084 0 20250 0 17694 0 358539 0 0 0 Steven J Henriksen VP Research/Biotech 332777 0 0 0 2942 0 19665 0 11564 0 366948 0 0 0 Jeffrey Elo Prof. of College of Dental Med 318274 0 0 0 252 0 20250 0 17594 0 356370 0 0 0 ANDREW PUMERANTZ PROFESSOR 312508 0 0 0 1084 0 20250 0 402 0 334244 0 0 0 Diane Abraham VP for University Advancement 150294 0 0 0 542 0 11400 0 3430 0 165666 0 0 0 Lester Jones Interim Dean - Podiatric 285903 0 0 0 3094 0 20250 0 1253 0 310500 0 0 0 QUESTIONS REGARDING COMPENSATION SCHEDULE J, PART I, LINE 1A: TRAVEL FOR COMPANIONS: UNDER CERTAIN CIRCUMSTANCES THE PRESIDENT AND DEANS WILL BE ACCOMPANIED BY THEIR SPOUSES FOR UNIVERSITY ENGAGEMENTS TO PROMOTE CONTRIBUTIONS OR OTHER INSTITUTIONAL ACTIVITIES. THE TRAVEL INCURRED BY THE SPOUSES ARE NOT TAXABLE COMPENSATION. TAX INDENMIFICATION AND GROSS-UP PAYMENTS: PHILIP PUMERANTZ RECEIVED A TAX GROSS-UP PAYMENT FOR AN AUTO LEASE AND HEALTH INSURANCE, WHICH ARE INCLUDED IN COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). HOUSING ALLOWANCE: A BOARD APPROVED HOUSING ALLOWANCE WAS PAID AS A TAXABLE BENEFIT TO THE PRESIDENT, WHICH IS INCLUDED IN COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE UNIVERSITY WILL PAY FOR SOCIAL CLUB DUES FOR EXECUTIVE MEMBERS TO CONGREGATE AND PROMOTE THE UNIVERSITY'S MISSION WHILE DEVELOPING RELATIONSHIPS THAT CAN FURTHER DEVELOP CONTRIBUTIONS TO THE UNIVERSITY. PERSONAL SERVICE: THE UNIVERSITY PROVIDES ADDITIONAL HOME HEALTH CARE MEDICAL SERVICES FOR PHILIP PUMERANTZ AND HIS WIFE TO THE EXTENT SUCH SERVICES ARE NOT COVERED BY OTHER INSURANCE MAINTAINED BY PHILIP, HIS WIFE, OR THE UNIVERSITY, AND IS NOT SUBJECT TO REIMBURSEMENT FROM OTHER SOURCES. THESE BENEFITS HAVE BEEN AUTHORIZED AND APPROVED BY THE BOARD OF TRUSTEES AND ARE INCLUDED IN COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(I). A CA STATEWISE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 130795LX3 2007-10-17 104900000 SEE PART VI true false false A 0 0 105350895 0 3904806 0 1914207 1648135 0 69450895 28432852 0 2009 true true true true A false false true true false 0.01500 0.00000 0.01500 false false false true A false false false true true true WELLS FARGO BANK 31.6 true false false 0 false true A true . DESCRIPTION OF BOND ISSUE SCHEDULE K, PART 1, LINE 1: THE PROCEEDS FROM THE BONDS ISSUED ON 10/17/2007 WERE USED BY THE UNIVERSITY FOR THE PURPOSES OF FINANCING THE ACQUISITION, CONSTRUCTIONS, IMPROVEMENT, EXPANSION AND EQUIPPING OF VARIOUS EDUCATIONAL FACILITIES, DEFEASANCE OF CERTAIN OUTSTANDING TAX EXEMPT BONDS AND PAYING COSTS IN CONNECTION WITH THE ISSUANCE OF THE BONDS. THE DATES IN WHICH THE REFUNDED BONDS WERE ISSUED ARE: 04/01/1995 (1995 SERIES A); 05/01/1998 (1998 SERIES A); 06/08/2000 (2000 SERIES B); AND 10/30/2002 (SERIES 2002). DIFERENCE BETWEEN ISSUE PRICE AND TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART I, COLUMN E: THE DIFFERENCE IN THE ISSUE PRICE REPORTED IN PART I, COLUMN E AND TOTAL PROCEEDS REPORTED IN PART II, LINE 3 RELATES TO INVESTMENT EARNINGS ON NET PROCEEDS. DATE OF REBATE COMPUTATION SCHEDULE K, PART IV, LINE 2C: THE REBATE COMPUTATION WAS LAST PERFORMED IN MAY 2013. Andrew Pumerantz Son of President Emeritus 344235 Employee Compensation false AP Aversano Spouse to Paula Crone 68654 Employee Compensation false Schedule L, Part IV The employment contract between Western University and these two individuals is independent of their family relationship with the interested persons of Western University. All transactions are deemed arms length. X 7 121304 Market Value X Golf Tournament Materials 1 12329 Market Value X Pet Food 1 70726 Market Value false true false NONCASH PROPERTY NOT REPORTED AS REVENUE SCHEUDLE M, PART I, LINE 33: ITEMS OF A DE-MINIMUS AMOUNT OF LESS THAN $10,000, SUCH AS GIFT BASKETS, DOOR PRIZE AWARDS, AND AUCTION ITEMS, ARE NOT REPORTED AS REVENUE. THE EXECUTIVE COMMITTEE PART VI, SECTION A, LINE 1A: THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD AND SUCH OTHER MEMBERS OF THE BOARD AS MAY BE SELECTED AT THE ANNUAL MEETING. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL EXERCISE THE FULL AUTHORITY OF THE BOARD, EXCEPT THAT IT SHALL NOT HAVE THE AUTHORITY TO DO ANY OF THE FOLLOWING: (A) FILL VACANCIES ON THE BOARD OF TRUSTEES OR ON ANY COMMITTEE OF THE BOARD; (B) FIX COMPENSATION OF THE TRUSTEES FOR SERVING ON THE BOARD OR ON ANY COMMITTEE OF THE BOARD; (C) AMEND OR REPEAL BYLAWS OR ADOPT NEW BYLAWS; (D) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS EXPRESS TERMS IS NOT AMENDABLE OR REPEALABLE; (E) APPOINT ANY OTHER COMMITTEES OF THE BOARD OR THE MEMBERS OF THOSE COMMITTEES; (F) APPROVE ANY TRANSACTION IN WHICH THE UNIVERSITY IS A PARTY AND ONE OR MORE TRUSTEES HAVE A MATERIAL FINANCIAL INTEREST; BETWEEN THE UNIVERSITY AND ONE OR MORE OF ITS TRUSTEES; OR BETWEEN THE UNIVERSITY OR ANY PERSON IN WHICH ONE OR MORE OF ITS TRUSTEES HAVE A MATERIAL FINANCIAL INTEREST. IN ADDITION, THE EXECUTIVE COMMITTEE SHALL HAVE THE PRIMARY RESPONSIBILITY FOR IDENTIFYING, RECRUITING AND VETTING POTENTIAL CANDIDATES TO SERVE ON THE BOARD OF TRUSTEES. NOMINATIONS AND OTHER RECOMMENDATIONS MADE BY THE EXECUTIVE COMMITTEE RELATING TO NEW BOARD MEMBERS SHALL BE REFERRED TO THE BOARD OF TRUSTEES FOR ITS CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 11B: THE UNIVERSITY'S PROCESS INVOLVING THE DISTRIBUTION AND REVIEW OF THE FORM 990 IS AS FOLLOWS: THE BOARD OF TRUSTEES APPROVED FOR THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990 THROUGH A TELECONFERENCE THIS YEAR. THE FINAL COMPLETE FORM 990 IS DISTRIBUTED TO THE UNIVERSITY'S AUDIT COMMITTEE OF THE BOARD PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. A FULL REVIEW OF THE ENTIRE FORM 990 IS REVIEWED AND DISCUSSED WITH EACH BOARD OF TRUSTEE MEMBER THAT SERVES ON THE FULL BOARD OF TRUSTEE APPOINTED AUDIT COMMITTEE OF THE BOARD. AFTER FULL REVIEW AND DISCUSSION OF INFORMATION REFLECTED IN THE FORM 990, THE COMMITTEE ACCEPTS THE DOCUMENT AND APPROVES ITS FILING TO THE INTERNAL REVENUE SERVICE. THE FORM 990 IS THEN SIGNED BY THE UNIVERSITY'S CHIEF FINANCIAL OFFICER AND ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. WHILE THE JUNE 30, 2018 FORM 990 WAS REVIEWED AND ACCEPTED BY THE AUDIT COMMITTEE OF THE BOARD PRIOR TO THE FILING WITH THE INTERNAL REVENUE SERVICE, COPIES OF THE FINAL JUNE 30, 2018 FORM 990 ARE PROVIDED TO THE FULL BOARD OF TRUSTEES AS WELL AS THE AUDIT COMMITTEE PRIOR TO FILING. MONITORING AND ENFORCEMENT OF WRITTEN CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C: THE UNIVERSITY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY ON A CONTINUOUS BASIS THAT INVOLVES CONSIDERATION OF ALL POTENTIAL INTERESTED PERSONS. A COMPREHENSIVE REVIEW AND DISCUSSION OF THE ADOPTED POLICY IS HELD ANNUALLY WITH ALL UNIVERSITY BOARD OF TRUSTEE MEMBERS. AT THIS MEETING, THE UNIVERSITY'S LEGAL COUNSEL REVIEWS IN DETAIL THE CURRENT POLICY TO ASSURE UNDERSTANDING AND COMPLIANCE WITH THE DISCLOSURE PROCESS. BOARD MEMBERS ARE REQUIRED TO SUBMIT NECESSARY DISCLOSURE FORMS INDICATING WHETHER A CONFLICT EXISTS, AND IF YES, ALL RELATED DETAILS INVOLVING THE POTENTIAL CONFLICT. AN INDEPENDENT REVIEW OF THE DISCLOSURE FORMS IS PERFORMED BY THE UNIVERSITY'S LEGAL COUNSEL, AND IF NECESSARY, FOLLOW UP REQUESTS FOR ADDITIONAL INFORMATION IS MADE. THROUGHOUT THE YEAR, AT BOARD OF TRUSTEE MEETINGS, THE UNIVERSITY'S LEGAL COUNSEL MONITORS COMPLIANCE BY REFERENCING THE CONFLICT OF INTEREST POLICY AND COMMUNICATES REQUIRED STEPS TO BE TAKEN IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST THAT MAY ARISE AT ANY TIME. THIS PROCESS INCLUDES THE UNIVERSITY'S OFFICERS AS WELL. FOR KEY EMPLOYEES, MEETINGS ARE HELD AT THE DEAN'S COUNCIL AND OPERATIONS GROUP LEVEL THAT DISCUSS THE DETAILS OF THE CONFLICT OF INTEREST POLICY (IF ANY) AND THE NECESSARY STEPS TO BE TAKEN TO DISCLOSE AND REPORT ANY POTENTIAL CONFLICTS. FOR POTENTIAL TRANSACTIONS, AGREEMENTS, AND AFFILIATIONS, ETC. THAT MAY INVOLVE ANY UNIVERSITY EMPLOYEE, A THOROUGH REVIEW IS CONDUCTED BY UNIVERSITY'S LEGAL COUNSEL AND OTHER MEMBERS OF EXECUTIVE MANAGEMENT. IN THE EVENT OF ANY POTENTIAL CONFLICT OF INTEREST EXPOSURE, REQUIRED INFORMATION IS REQUESTED AND REVIEWED ON AN INDEPENDENT BASIS. THE INTERESTED PERSON IS EXCUSED FROM PARTICIPATING IN ANY DISCUSSION OR DECISIONS THAT INVOLVE THE OUTCOME OF ANY RELATED TRANSACTIONS. IN ADDITION, DURING THE EMPLOYEE ORIENTATION PROCESS, THE UNIVERSITY REQUIRES ALL NEW EMPLOYEES TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. IF ANY POTENTIAL CONFLICTS OF INTERESTS ARE DISCLOSED, A COMPLETE REVIEW OF INFORMATION IS COMPLETED BY UNIVERSITY'S LEGAL COUNSEL TO DETERMINE THE NATURE, IF ANY, OF POTENTIAL FINANCIAL INTERESTS. IF ANY CONFLICT OF INTEREST IS DISCLOSED, THEN DOCUMENTATION IS PREPARED OUTLINING THE NATURE OF THE CONFLICT, DISCUSSIONS ARE HELD WITH THOSE INVOLVED IN THE CONFLICT, STEPS ARE TAKEN TO REMOVE ACTIVITIES CAUSING THE CONFLICT, AND THERE IS FUTURE FOLLOW UP AND MONITORING OF THE POTENTIAL CONFLICT ACTIVITY. DETERMINING COMPENSATION OF PRESIDENT AND KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE ANNUAL DETERMINATION AND APPROVAL OF THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY IS MADE BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD AND THE FULL BOARD OF TRUSTEES. THE UNIVERSITY'S OFFICERS' COMPENSATION IS DETERMINED BY THE PRESIDENT AND APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD AND FULL BOARD OF TRUSTEES. THE KEY EMPLOYEES' COMPENSATION LEVELS ARE DETERMINED BY THEIR RESPECTIVE SUPERVISORS AND APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. ALTHOUGH THE UNIVERSITY'S BOARD OF TRUSTEES HAS GIVEN FULL AUTHORITY TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD TO APPROVE KEY EMPLOYEE COMPENSATION, A FULL REVIEW OF THESE COMPENSATION LEVELS IS CONDUCTED ANNUALLY PRIOR TO THE EMPLOYEE'S RECEIPT OF APPROVED COMPENSATION. ON AN ANNUAL BASIS, THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD CONDUCTS A MEETING TO REVIEW PROPOSED COMPENSATION LEVELS FOR THE UNIVERSITY'S PRESIDENT, OFFICERS, AND KEY EMPLOYEES. THIS PROCESS INCLUDES THE HIRING OF AN INDEPENDENT CONSULTANT THAT HAS A COMPREHENSIVE UNDERSTANDING AND ABILITY TO ASSESS REASONABLE COMPENSATION LEVELS FOR HIGHLY COMPENSATED EMPLOYEES IN THE HIGHER EDUCATION INDUSTRY. THE INDEPENDENT CONSULTANT ADVISES THE COMMITTEE ON ISSUES SUCH AS ECONOMIC CONDITIONS, COMPARABLE SALARIES, CHARACTER AND CONDITION OF THE UNIVERSITY, EMPLOYEES' ROLE IN THE UNIVERSITY, PREVAILING RATES OF COMPENSATION FOR COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS, ETC. THE INDEPENDENT REPORT DISCLOSES WHAT IS CONSIDERED REASONABLE COMPENSATION AND MAXIMUM ALLOWABLE COMPENSATION. THE COMMITTEE ALSO REVIEWS INTERNALLY PREPARED EMPLOYEE PERFORMANCE AND QUALIFICATION EVALUATIONS TO ASSESS VALUE AND BENEFIT TO THE UNIVERSITY. AFTER A THOROUGH REVIEW AND DISCUSSION OF ALL TYPES OF COMPENSATION AND BENEFITS BEING PROPOSED FOR ALL OFFICERS AND KEY EMPLOYEES, THE COMMITTEE DETERMINES THE REASONABLENESS OF COMPENSATION LEVELS. ONCE IT IS ASSURED THAT THE COMMITTEE IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST AND ARE UNRELATED TO THE SUBJECT EMPLOYEES, AND INFORMATION SUPPORTING THE COMPENSATION DATA IS INDEPENDENT AND APPROPRIATE, THE COMMITTEE FORMALLY APPROVES AND DOCUMENTS ITS DETERMINATION OF THE COMPENSATION AMOUNTS. DOCUMENTATION OF THIS COMMITTEE PROCESS INCLUDES THE TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE DATE APPROVED. IT ALSO DISCLOSES COMMITTEE MEMBERS PRESENT, AS WELL AS ACTIONS TAKEN BY ANYONE ON THE COMMITTEE IN THE EVENT OF A CONFLICT OF INTEREST. THE INFORMATION AND DECISIONS MADE BY THE COMMITTEE ARE THEN FORWARDED TO THE FULL BOARD OF TRUSTEES FOR ACCEPTANCE AND APPROVAL. DISCLOSURE OF ORGANIZATIONAL DOCUMENTS TO THE PUBLIC FORM 990, PART VI, SECTION C, LINE 19: THE CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE AND ARE MADE WIDELY AVAILABLE TO THE PUBLIC. THE SCHOOL'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9: THE OTHER CHANGES IN NET ASSETS OR FUND BALANCES IS COMPRISED OF THE FOLLOWING: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $ 156,358 DIFFERENTIAL IN VALUE OF SWAP CONTRACT $ 5,805,853 ADJUSTMENT TO CONTRIBUTION RECEIVABLE $ (321,770) ------------ TOTAL: $ 5,640,441 ============ Park Hospital Inc 309 E Second Street Pomona CA 91766 951624418 Investments CA Westernu C Corp 2511 522104 0.83400 true Comp Enterprises Inc 309 E Second Street Pomona CA 91766 954066063 Inactive CA Westernu C Corp 0 0 1.00000 true Paso Oro Verde Inc 309 E Second Street Pomona CA 91766 330089211 Farming CA Westernu C Corp 0 0 1.00000 true Charitable Remainder Annuities (12) Prsnl Estate CA Westernu Trust 0 0 true Charitable Remainder Trusts (9) Prsnl Estate CA Westernu Trust 0 0 true false false false false false false false false false false false false false false false false true true false Paso Oro Verde Inc Q 104377 COST Paso Oro Verde Inc R 2789 COST