2018-02-13T10:55:11-06:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 4505 STEPHEN CIRCLE NW STE 200 CANTON OH 44718 990 2016-07-01 340868798 WALSH UNIVERSITY INC WALS 3304997090 2020 EAST MAPLE ST NORTH CANTON OH 447203396 MICHELLE BROWN VP FINANCE & BUSINESS AFFAIRS 3304997134 2018-02-12 1 LISA HILLING P01624111 3304972000 2018-02-12 67.137.57.251 2018-02-12 09:56:49 ES P E282F9004401B28B2F3B0C9484DAA140BF4BBEFA A31F0D022EE314E576D3CB3CFBF69A6D6415AB3F 2016 2021-01-29 14:40:06Z RICHARD JUSSEAUME 2020 EAST MAPLE ST NORTH CANTON OH 447203396 83574826 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 1692 310 0 0 4293800 5416492 74632246 73984707 559743 265681 1247899 862042 80733688 80528922 28455737 28959906 0 0 29703837 29907858 97975 72870 1054390 19164477 19127335 77422026 78067969 3311662 2460953 111683608 115401929 26497749 25038389 85185859 90363540 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 69920696 28959906 73984707 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.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 CAF AND THE C-STORE OFFERING VARIOUS MEAL PLAN SELECTIONS AND DINING INNOVATIONS.WALSH UNIVERSITY'S ATHLETIC PROGRAM OFFERS 20 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) ALL OF OUR 20 SPORTS COMPETE FOR G-MAC CONFERENCE CHAMPIONSHIPS.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 2016. CAMPUS NETWORK INFRASTRUCTURE ENHANCEMENTS BEGAN IN FISCAL 2014 AND WILL CONTINUE THROUGH 2017. THESE ENHANCEMENTS WILL ENSURE CURRENT AND FUTURE TECHNOLOGY NEEDS FOR STUDENTS AND FACULTY ARE MET. THEY WILL ALSO ALLOW WALSH UNIVERSITY TO MEET THE TECHNOLOGY DEMANDS OF NEW TEACHING INITIATIVES AND THE EVER-INCREASING WIRELESS DEMANDS FROM OUR STUDENTS AS THE BYOD (BRING YOUR OWN DEVICE) ENVIRONMENT EXPANDS. OVERALL, THIS PROJECT PROVIDES A ROBUST AND SCALABLE NETWORK INFRASTRUCTURE THAT WILL SUPPORT THE UNIVERSITY FOR THE NEXT 20 YEARS. THE WALSH UNIVERSITY PRAYER GARDEN DEDICATED IN 2002, PROVIDES A TRANQUIL SETTING ON CAMPUS FOR QUIET PRAYER AND REFLECTION. LOCATED IN THE HEART OF CAMPUS, THE PRAYER GARDEN ALSO SERVES AS A VISIBLE REMINDER OF WALSH'S CATHOLIC HERITAGE WITH BEAUTIFUL STATUES OF WELCOMING CHRIST, MOTHER TERESA, SAINT JOSEPH THE WORKER, SAINT JUDE, OUR LADY OF GUADALUPE AND THE MEMORIAL TO LIFE WITH PERPETUAL FLAME. DURING FISCAL YEAR 2016, THE WALSH UNIVERSITY PRAYER GARDEN WAS COMPLETELY REBUILT DUE TO STRUCTURAL FAILURES CAUSED BY EXTREME WEATHER CONDITIONS OVER THE PAST 14 YEARS. THE STATUES WERE CAREFULLY REMOVED DURING THE RENOVATION BEFORE NEW RETAINING WALLS WITH SUPPORTING FOUNDATIONS WERE CONSTRUCTED AND AN EXTENSIVE DRAINAGE SYSTEM WAS ADDED. WITH ALL NEW LANDSCAPING INCLUDING SEVERAL TREES, DECORATIVE PAVERS AND COLORED CONCRETE WALKWAYS WERE INCORPORATED INTO THE PRAYER GARDEN DESIGN TO COMPLEMENT THE STONES IN THE OUR LADY OF PERPETUAL HELP CHAPEL.THE DESIGN OF WALSH'S GLOBAL LEARNING CENTER CONTINUED THROUGH THE FISCAL YEAR WITH A PROJECTED COMPLETION DATE OF JANUARY 2018. THE CENTER IS A TWO STORY, 44,100 SQUARE FOOT STATE-OF-THE-ART, FLEXIBLE, INTERACTIVE ACADEMIC FACILITY THAT WILL PROMOTE COLLABORATION, CREATIVITY, AND TEACHING EXCELLENCE, PREPARING WALSH STUDENTS FOR SUCCESS IN THE GLOBAL MARKETPLACE. THE FACILITY WILL HOUSE 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 WILL ALSO INCLUDE AN INTERACTIVE VIDEO WALL WHICH AMONG ITS MANY FEATURES, WILL CONNECT THE NORTH CANTON CAMPUS WITH WALSH'S GLOBAL LEARNING CLASSES IN ITALY, UGANDA, AND AROUND THE WORLD. 69920696 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 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 1 160 0 1 1692 1 0 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 MICHELLE BROWN VP FOR FINANCE & BUSINESS AFFAIRS 3304907134 WALSH UNIVERSITY INC NORTH CANTON OH 447203396 LEONARD MILAZZO CHAIR (THROUGH OCTOBER 2016) 2.00 X X 0 0 0 JUDGE SARA LIOI 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 BROTHER DANIEL CARON DIRECTOR 2.00 X 0 0 0 RICHARD REICHERT DIRECTOR 2.00 X 0 0 0 THOMAS E CECCONI 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 ELAINE DALPIAZ 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 ROGER DEVILLE 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 DENISE DOMIAN DIRECTOR 2.00 X 0 0 0 AJ HYLAND DIRECTOR 2.00 X 0 0 0 JUDITH BARNES LANCASTER DIRECTOR 2.00 X 0 0 0 BR JEROME LESSARD DIRECTOR 2.00 X 0 0 0 EDWARD A MAHONEY 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 DAVID REYNOLDS DIRECTOR 2.00 X 0 0 0 E JEFFREY ROSSI DIRECTOR 2.00 X 0 0 0 EDWARD J ROTH 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 BR MARCEL SYLVESTRE DIRECTOR 2.00 X 0 0 0 MARLENE TOOT DIRECTOR 2.00 X 0 0 0 RICHARD L JUSSEAUME PRESIDENT 40.00 X 445658 0 64409 DOUGLAS PALMER SECRETARY/VP FOR ACADEMIC AFFAIRS 40.00 X 121759 0 26383 MICHELLE BROWN TREASURER/VP FOR FINANCE 40.00 X 139780 0 12486 ERIC BELDEN VP OF ADVANCEMENT 40.00 X 122827 0 9848 LAURENCE BOVE PROFESSOR OF PHILOSOPHY 40.00 X 159904 0 49121 DALE HOWARD VP FOR ATHLETICS 40.00 X 128843 0 30703 KEVIN FINEFROCK ASSOC DEAN-SCHOOL FOR PROF STUDIES 40.00 X 108808 0 30155 PAMELA RITZLINE DEAN-SCHOOL OF BEHAV & HEALTH SCI 40.00 X 129086 0 14420 1356665 0 237525 18 0 1 0 SODEXHO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 DINING SERVICES 3169927 RICHARD L BOWEN & ASSOC 13000 SHAKER BLVD CLEVELAND OH 44120 ARCHITECTURE SERVICES 447788 ANDERSON COACH & TRAVEL ONE ANDERSON PLAZA GREENVILLE PA 16125 BUS SERVICES 230290 VASCO 4270 STERILITE ST SE MASSILLON OH 44646 PAVING SERVICES 213586 TODD'S ENVIROSCAPES 7727 PARIS AVENUE LOUISVILLE OH 44641 SNOW REMOVAL/LANDSCAPING 202140 7 36118 311217 5069157 145868 5416492 TUITION AND FEES 611310 61503628 61503628 SALES/SERVICE AUXILIARY 611310 12481079 12481079 73984707 427994 427994 1029933 844212 185721 185721 185721 1962232 6700 1859452 271793 102780 -265093 -162313 -162313 62448 36118 68575 -6127 -6127 11817 1872 9945 9945 OTHER REVENUE 611310 623111 623111 RECOVERY OF BAD DEBTS 611310 38635 38635 INTEREST INCOME STUDENT LOANS 611310 7137 7137 3620 3620 672503 80528922 73984707 0 1127723 14079 14079 28945827 28945827 856990 165789 691201 23212187 20573543 2046244 592400 1115990 972408 108583 34999 2973682 2600674 293499 79509 1749009 1535086 169161 44762 69934 9046 60888 170486 170486 72870 72870 1661262 1284101 340082 37079 633469 248642 380288 4539 2630632 1371020 1183410 76202 1872044 1829851 39076 3117 1573490 1483695 65418 24377 328479 328479 3281771 3272718 8223 830 348510 124525 223985 OTHER AUXILIARY 2962637 2841120 84364 37153 OTHER INSTRUCTIONAL EXP 1629365 1624016 4904 445 OTHER ACADEMIC SUPPORT 815653 381863 433740 50 BAD DEBT EXPENSE 667369 642450 24919 482234 314214 146881 21139 78067969 69920696 7092883 1054390 93135 79283 13713962 13076948 6810675 7039010 2926856 2631045 2026526 1849244 23279 18021 838832 1088104 116102912 52010855 63231190 64092057 12091233 14715985 9328530 10107431 599390 704801 111683608 115401929 2718960 3446338 412295 433626 20625000 19125000 2741494 2033425 26497749 25038389 X 57725118 57993775 13742740 17128679 13718001 15241086 85185859 90363540 111683608 115401929 X 2460953 2081185 635543 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 500000 0 514595 1 1 283902 X 0 22644893 1523085 2487063 505740 316134 25833167 21925835 1867857 -85048 477079 586672 22644893 21046406 1887827 -58983 432472 516943 21925835 16025236 3141038 2552330 388333 283865 21046406 13330792 1654125 1520640 355291 125030 16025236 0.35900 0.64100 0.00000 0 0 2489758 2489758 79846071 27501784 52344287 124861 54675 70186 19744024 17698040 2045984 13898198 6756356 7141842 64092057 BENEFICIAL INTEREST IN PERPETUAL TRUST 369763 F ASSETS DESIGNATED FOR LONG-TERM INVESTMENT 9273283 F CHARITABLE REMAINDER UNITRUST 464385 F 10107431 TUITION DEPOSITS 332927 INTEREST PAYABLE 186719 US GOVT GRANTS REFUNDABLE 1070626 INTEREST RATE SWAP 127027 CHARITABLE REMAINDER UNITRUST PAYABLE 316126 2033425 X 55454493 2081185 1829109 3910294 51544199 28984723 28984723 80528922 50276812 1154670 1154670 49122142 28945827 28945827 78067969 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 X, LINE 2: THE UNIVERSITY IS A NONPROFIT ORGANIZATION AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE UNIVERSITY FOLLOWS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH ADDRESSES THE INFORMATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. IN ADDITION, THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT HAS DETERMINED THAT THE EFFECTS OF THIS PRONOUNCEMENT TO BE INSIGNIFICANT, THEREFORE NO ADJUSTMENTS HAVE BEEN RECORDED AND NO FURTHER DISCLOSURES REQUIRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 844,212. INTEREST RATE SWAP 649,357. LOSS ON SALE OF FIXED ASSETS 265,093. FUNDRAISING EVENT EXPENSES 68,575. GAMING ACTIVITY EXPENSES 1,872. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 28,945,827. GROSS INCOME FROM WOMEN'S COMMITTEE FUNDRAISERS 37,516. WOMEN'S COMMITTEE FUNDRAISER DONATED AUCTION ITEMS 1,380. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 844,212. LOSS ON SALE OF FIXED ASSETS 265,093. FUNDRAISING EVENT EXPENSES 43,493. GAMING ACTIVITY EXPENSES 1,872. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 28,945,827. 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 670432 1 4 0 0 1 4 670432 0 670432 0 0 0 0 0 0 X X 1 MCALLISTER & QUINN 1368 NORTH WASHINGTON AVE SCRANTON PA 18509 GRANT SOLICITATION 0 0 72870 0 72870 AL AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SD TN TX UT VT VA WV WI WY FASHION SHOW 32768 6405 26363 13966 FAREY RAFFLE 27461 22419 5042 11000 6564 84 2 38337 7294 31043 2189 8540 26232 98566 36118 62448 11000 2189 15104 40282 68575 -6127 SCHEDULE G, PART I, LINE 2B, COLUMN (V) TOTAL PAID OF $72,870 CONSISTS OF $72,270 FOR FEES PAID FOR GRANT SOLICITATION SERVICES. THE REMAINING AMOUNT OF $600 IS REIMBURSEMENT OF EXPENSES THAT ARE REIMBURSED BASED ON MCALLISTER & QUINN'S ACTUAL EXPENSES. 0 SCHOLARSHIPS FOR STUDENTS 1743 26289319 0 DISCOUNTS ON TUITION FOR STUDENTS 398 2656507 0 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RICHARD L JUSSEAUME PRESIDENT 306487 0 80848 0 58323 0 39679 0 24730 0 510067 0 0 0 MICHELLE BROWN TREASURER/VP FOR FINANCE 138716 0 600 0 464 0 9743 0 2743 0 152266 0 0 0 LAURENCE BOVE PROFESSOR OF PHILOSOPHY 157591 0 600 0 1713 0 29301 0 19820 0 209025 0 0 0 DALE HOWARD VP FOR ATHLETICS 115680 0 600 0 12563 0 8427 0 22276 0 159546 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 0.01260 0.01500 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 EDWARD ROTH III IS A BOARD MEMBER OF WALSH AND EXECUTIVE VP OF AULTCARE 1848098 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. EDWARD J. ROTH, III IS CURRENTLY A MEMBER OF THE UNIVERSITY'S BOARD OF DIRECTORS AND IS THE PRESIDENT OF AULTMAN HEALTH FOUNDATION. THE SELECTION OF AULTCARE WAS MADE PRIOR TO MR. ROTH'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. ROTH WILL FOLLOW THE GUIDELINES SET BY THE CONFLICT OF INTEREST POLICY AND WILL ABSTAIN FROM VOTING. 0 MERCY MEDICAL THOMAS CECCONI IS A BOARD MEMBER OF WALSH AND CEO OF MERCY MEDICAL 129676 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, MR. CECCONI WILL FOLLOW THE GUIDELINES SET BY THE CONFLICT OF INTEREST POLICY AND WILL ABSTAIN FROM VOTING. 0 AULTRA SELF EDWARD ROTH III IS A BOARD MEMBER OF WALSH AND EXECUTIVE VP OF AULTRA SELF 271274 SEE DESCRIPTION FOR AULTCARE. 0 X 5 32185 STOCK MARKET X 1 97900 STARK COUNTY AUDITOR X AUCTION ITEMS AND RAFFLE PRIZES 78 15783 DONOR ESTIMATED FMV 0 0 0 0 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 ELECTRONIC MAIL. 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 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 649,357. GROSS INCOME FROM WOMEN'S COMMITTEE EVENTS -37,516. EXPENSES FROM WOMEN'S COMMITTEE EVENTS 25,082. WOMEN'S COMMITTEE FUNDRAISER DONATED AUCTION ITEMS -1,380. 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, 2017 WALSH UNIVERSITY, INC. IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).