2018-04-03T15:17:59-05:00 2017-05-31 390859910 Baker Tilly Virchow Krause LLP 777 E Wisconsin Ave Floor 32 Milwaukee WI 53202 990 2016-06-01 470376551 Midland University MIDL 4027215480 900 North Clarkson Street Fremont NE 68025 JODI BENJAMIN VP of Finance and Administration 4029416142 2018-03-27 1 Troy Marine CPA P00187863 4147775500 2018-03-27 69.11.230.151 2018-03-27 12:40:29 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 51E0EEA151B1858D65DA1F6874E2176CE8260246 2016 2021-01-29 14:40:06Z JODI BENJAMIN 900 North Clarkson Street Fremont NE 68025 47734388 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 college holds the following core values to be the foundation of our identity as a community: faith, learning, quality, respect, and stewardship. 12 9 810 100 0 0 5026883 4015767 40327578 42539558 846661 1155761 3424 1778 46204546 47712864 18012949 18982513 0 0 13285882 14483777 0 0 868419 13540500 12035822 44839331 45502112 1365215 2210752 56970043 61311633 21492184 22549347 35477859 38762286 Midland University inspires people to learn and lead in the world with purpose. 0 0 25642437 18982513 36741794 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 2016-2017 ENROLLMENT WAS 45 NON TRADITIONAL UNDERGRADUATE STUDENTS, 1169 TRADITIONAL STUDENTS IN THE FALL, 32 NON-TRADITIONAL AND 1056 TRADITIONAL STUDENTS IN THE SPRING, AND 114 GRADUATE STUDENTS. 7913595 447064 ACADEMIC SUPPORT:Academic support includes the library, admissions, financial aid, information technology and those functions that directly support instruction. 4434826 5350700 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. 652 STUDENTS RESIDED IN STUDENT HOUSING DURING FALL 2016 AND 587 STUDENTS DURING SPRING 2017. 37990858 1 1 0 1 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 1 0 1 1 0 0 0 0 0 1 0 0 0 1 74 0 810 1 0 0 0 0 0 1 1 0 0 0 0 X 12 9 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 Jennifer Peterson Director 1.00 1.00 X 0 0 0 Mike Herre Director 1.00 1.00 X 0 0 0 mike jacobson Director 1.00 1.00 X 0 0 0 Ryan Taliaferro Director 1.00 1.00 X 0 0 0 Steve Pribnow Director 1.00 1.00 X 0 0 0 Patrick Booth Director 1.00 1.00 X 0 0 0 randy eikmeier Director 1.00 1.00 X 0 0 0 Jody Horner President 40.00 X X 311020 0 16649 Kari Ridder Director 1.00 1.00 X 0 0 0 Dan Curell Director 1.00 1.00 X 0 0 0 Mark Fahelson Director 1.00 1.00 X 0 0 0 Brian Maas Director 1.00 1.00 X 0 0 0 Jodi Benjamin VP Finance and Admin 40.00 X 152284 0 16268 Susan Kruml VP Academic Affairs 40.00 X 157355 0 10991 Denise Pratt Controller 40.00 X 73438 0 16167 Eliza Ferzely VP Admissions and Marketing 40.00 X 145325 0 11677 Merritt Nelson VP Student Affairs 40.00 X 102423 0 217 Raymond Sass III VP Strategy 40.00 X 158503 0 5644 Linda Quinn Director of the School of Nursing 40.00 X 122848 0 5635 Shane Perrien Chief Information Officer 40.00 X 109237 0 17245 Stephanie Gould VP of Human Resources 40.00 X 112133 0 16213 David Gillespie Athletic Director 40.00 X 106569 0 10876 1551135 0 127582 11 0 1 0 Fresh Ideas 1000 W Nifong Blvd 220 Columbia MO 65203 Food Services 1674285 McKinnis Roofing 164 S 1st Street PO Box 37 Blair NE 68008 Construction 755430 Sodexo Inc 4880 Payshere Cir Chicago IL 60674 Food and Custodial Services 563642 Campus Management 5201 Congress Ave Boca Raton FL 33487 Software 446056 Clark Creative Group 514 South 13th Street Omaha NE 68102 Consulting 131668 7 5000 555659 3455108 4015767 Tuition and Fees 611710 36741794 36741794 Auxiliary enterprises 611710 5350700 5350700 Other Revenues 611710 189631 189631 Conferences 611710 111475 111475 Misc. Student programs 611710 103004 103004 42954 42954 42539558 495169 495169 4920 7718 -2798 -2798 -2798 660592 0 660592 660592 660592 18382 5000 13806 4576 4576 47712864 42539558 0 1157539 18982513 18982513 1212482 868870 303917 39695 9741163 6980559 2441690 318914 229708 164610 57578 7520 2540047 1820209 636680 83158 760377 544889 190594 24894 13355 9570 3348 437 69735 49972 17480 2283 31408 22507 7873 1028 314709 225521 78884 10304 469399 336373 117658 15368 576235 412932 144437 18866 135713 97253 34017 4443 1401153 1004072 351209 45872 75797 54316 18999 2482 508161 364150 127374 16637 1469418 1052991 368320 48107 319057 228637 79974 10446 Athletics 1757822 1259663 440610 57549 Food Service 1482521 1062381 371604 48536 Building and Grounds 1114080 802645 274765 36670 Instruction 829556 594463 207934 27159 1467703 1051762 367890 48051 45502112 37990858 6642835 868419 8265383 7466570 10057 815563 608086 842591 2523938 2128741 52738437 23550358 26172737 29188079 12472732 15823798 6917110 5046291 56970043 61311633 3250888 2660705 2164894 2108620 321495 710945 14820000 16178390 353664 316795 581243 573892 21492184 22549347 X 12564530 13045277 5343277 7827198 17570052 17889811 35477859 38762286 56970043 61311633 X 2210752 1220578 -146903 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2653 0 0 0 2653 0 Part II-B, Line 1: The university is a member of the Association of Independent Colleges and Universities of Nebraska (AICUN) and National Association of Independent Colleges and Universities (NAICU). A portion of the member dues paid by the university to these associations were considered used for lobbying purposes. 20846107 226897 2490114 465108 23098010 19659151 1421774 159081 393899 20846107 18453336 225366 1331957 351508 19659151 16236579 431524 2117530 332297 18453336 14658151 268196 1310232 16236579 0.13000 0.64000 0.23000 0 0 3087177 3087177 136613 40654408 17776839 23014182 8443219 5773519 2669700 417020 417020 29188079 Cash surrender value of life insurance policies 349622 Beneficial interest in trust 4548124 ACCRUED INTEREST & OTHER ASSETS 148545 5046291 Annuities Payable 116492 ASSET RETIREMENT OBLIGATION 457400 573892 X 29843152 1220578 -139185 1081393 28761759 -31408 18982513 18951105 47712864 26558725 7718 7718 26551007 -31408 18982513 18951105 45502112 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 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, 2017 AND 2016. 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 52,924. Direct Rental Expenses 7,718. ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE 750. Loss on Debt refinancing -200,577. Part XI, Line 4b - Other Adjustments: Grants & Scholarships 18,982,513. Part XII, Line 2d - Other Adjustments: Direct Rental Expenses 7,718. Part XII, Line 4b - Other Adjustments: Grants & Scholarships 18,982,513. 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 23382 5000 18382 13503 303 23382 5000 18382 13503 303 13806 4576 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 1157 18982513 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 311020 0 0 0 0 0 0 0 16649 0 327669 0 0 0 Jodi Benjamin VP Finance and Admin 117284 0 35000 0 0 0 0 0 16268 0 168552 0 0 0 Susan Kruml VP Academic Affairs 132355 0 25000 0 0 0 0 0 10991 0 168346 0 0 0 Eliza Ferzely VP Admissions and Marketing 112825 0 32500 0 0 0 0 0 11677 0 157002 0 0 0 Raymond Sass III VP Strategy 118503 0 40000 0 0 0 0 0 5644 0 164147 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 A 559484 17000299 285183 3885176 12829941 2017 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 0 0 0 0 0 1 A 1 Part I, Column (F): Refund prior bond issues (07/30/1998), (05/07/2003), 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. DISCLOSURE SUBJECT TO FERPA LAWS 13000 PRESIDENTIAL SCHOLARSHIP STUDENT FINANCIAL AID diSCLOSURE SUBJECT tO FERPA LAWS 13042 tuition remission Rembolt Ludke LLP Board Member of the University 10643 Mark Fahlson, a board member, is a partner at Rembolt Ludtke Law Firm 0 Inspro Board Member of the University 56405 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 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 52,924. ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE 750. Loss on debt refinancing -200,577. 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 11085 Book Cost/Expense