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America 10216 Werch Drive Suite 101 WOODRIDGE IL 60517 Janitorial Services 1197326 61 282546 3046311 3222939 365641 6551796 TUITION & FEES 611310 335820032 335820032 POST-DOCTORATE PROGRAM 611310 10306743 10306743 CLINICAL REVENUE 621400 18548955 18548955 STUDENT HOUSING 721310 5407502 5407502 370083232 4137639 4759 4132880 0 0 0 0 0 598800499 29522 598296491 29522 504008 504008 504008 106576 282546 207377 -100801 -100801 0 0 CO-FUNDED FACULTY 561499 772309 772309 STUDENT LOAN INTEREST 561499 371677 371677 FOOD SERVICES 561499 234806 234806 -2722279 105432 -2827711 -1343487 379832387 371567456 4759 1708376 30985 30985 2056808 2056808 0 0 6792470 2907243 3885227 10808 10808 142123793 136918656 4900829 304308 10764893 9906241 836873 21779 18544757 17233937 1277572 33248 9461485 8699978 742192 19315 0 553914 275883 278031 780894 86278 694616 255699 255699 0 952005 207318 744687 9235525 8331375 855460 48690 578715 436003 115512 27200 16143638 14137077 1977429 29132 1535130 1491383 43572 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DO'S EDUCATE MEMBERS OF CONGRESS AND THEIR STAFF ABOUT OSTEOPATHIC MEDICINE AND COMMUNICATE THEIR POSITIONS ON IMPORTANT HEALTH POLICY ISSUES WHERE APPROPRIATE. SCHEDULE C, PART II-B, Line 1G IN THE ORDINARY COURSE OF ITS BUSINESS, THE UNIVERSITY MAY HAVE DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS OR A LEGISLATIVE BODY ON A VARIETY OF LEGISLATIVE MATTERS DIRECTLY RELATED TO AND AFFECTING THE UNIVERSITYS OPERATIONS, EDUCATIONAL PURPOSES, POWERS, DUTIES AND INTERESTS. SCHEDULE C, PART II-B, LINE 1A THE UNIVERSITY ENGAGES TWO PART-TIME THIRD PARTY LOBBYISTS IN ORDER TO MONITOR LEGISLATIVE MATTERS RELATED TO THE UNIVERSITY'S OPERATIONS AND EDUCATIONAL PURPOSE AND ITS RELATED POWERS, DUTIES AND INTERESTS. THE AMOUNT INCLUDED IN PART II-B, LINE 1I ARE RELATED DIRECTLY TO SUCH PURPOSES. false false 11110846 2597127 339063 572639 356213 193628 12924556 10315605 1395746 318093 610297 83194 225107 11110846 9786054 758790 296611 443785 60003 22062 10315605 9298882 627474 278039 231880 121545 64916 9786054 8077831 1199400 251211 60425 151343 17792 9298882 0.00000 0.39500 0.60500 false false 22124258 22124258 783895703 163872680 620023023 102660501 64278710 38381791 22181968 22181968 702711040 0 OTHER CURRENT LIABILITIES 4144127 SELF-INSURANCE LIABILITIES 7806072 INTEREST RATE PROTECTION AGREE 12650979 REFUNDABLE FEDERAL STUDENT LOA 21957155 PROFESS LIAB TAIL COVER 145700 RETIREE BENEFITS 6304000 DEFERRED COMPENSATION 206900 53214933 SCHEDULE D, PART V, LINE 4 DESCRIBE THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS RESTRICTED ENDOWMENT FUNDS ARE USED BASED ON DONOR INTENT. THE UNIVERSITY HAS NOT RELIED ON ENDOWMENT SPENDING TO SUPPORT OPERATIONS OR STUDENT SCHOLARSHIPS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 Midwestern University maintains nondiscriminatory policies for all students regardless of race, color, gender, sexual preference, religion national or ethnic origin, disability, status as a veteran, marital status, or age. The nondiscriminatory policies are published in the following: 1) The AACOMAS (American Association of Colleges & Osteopathic Medicine) 2) Student Handbook 3) Course Catalog 4) Web Page SCHEDULE E, PART I, LINE 6A Midwestern University received Federal Research Awards and participates in Federal loan programs. Central America and the Caribbean Investments N/A 5879000 Central America and the Caribbean Program Services MEDICAL MISSION TRIP 1000 5880000 5880000 true false true false true false ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANT FUNDS OUTSIDE THE US SCHEDULE F, Part V Annually the university participates in a medical mission to Central America. METHOD USED TO ACCOUNT FOR EXPENDITURES IN THE REGION SCHEDULE F, PART I, QUESTION 3, COLUMN (F) Expenditures are reported on the financial statements in the year paid. INVESTMENTS ARE REPORTED AT FAIR VALUE AS OF THE FISCAL YEAR END. Bright Lights 246799 169523 77276 64991 15498 45370 3975 17247 MWU Golf Outing 80868 69248 11620 9488 12997 3400 1684 1 61455 43775 17680 10555 6205 13612 2355 389122 282546 106576 85034 34700 62382 3975 21286 207377 -100801 true Student scholarship, awards, and grants 261 1804046 Student need-based scholarships 40 183578 Student Loan Forgiveness 4 69184 DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS FORM 990, SCHEDULE I, PART I, LINE 2 MIDWESTERN UNIVERSITY AWARDS ITS INSTITUTIONAL SCHOLARSHIPS TO QUALIFIED STUDENTS BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT, AND COMMUNITY SERVICE. EACH SCHOLARSHIP PROGRAM HAS DIFFERENT ELIGIBILITY REQUIREMENTS, APPLICATION DEADLINES AND SEPARATE APPLICATION PROCEDURES. APPLICATIONS FOR THESE SCHOLARSHIPS ARE ACCEPTED THROUGHOUT THE YEAR. SCHOLARSHIP AWARDS CAN RANGE FROM A FEW HUNDRED DOLLARS TO SEVERAL THOUSAND DOLLARS. ONCE THE SCHOLARSHIP RECIPIENT HAS BEEN SELECTED AND THE SCHOLARSHIP AWARD DETERMINED, THE OFFICE OF STUDENT FINANCIAL SERVICES IS NOTIFIED BY THE SCHOLARSHIP COMMITTEE OR DEPARTMENT. THE SCHOLARSHIP AWARD IS CREDITED TO THE STUDENT'S ACCOUNT. THE UNIVERSITY HAS WRITTEN POLICIES AND PROCEDURES AND MAINTAINS RECORDS FOR GRANT AND SCHOLARSHIPS AWARDED TO ITS STUDENTS. Form 990, Schedule I, Part III, Line 3 Student Loan Forgiveness MIDWESTERN UNIVERSITY FROM TIME TO TIME FORGIVES THE LOANS OF FORMER STUDENTS DUE TO BANKRUPTCY, DEATH AND/OR DISABILITY. X X X true true X X X X X false false false false false false false false false KATHLEEN H GOEPPINGER PHD PRESIDENT/CEO/TRUSTEE 654751 0 364533 0 131269 0 26500 0 21590 0 1198643 0 0 0 ARTHUR G DOBBELAERE PHD ASSISTANT SECR/COO/EXEC VP 586034 0 259486 0 180955 0 26500 0 10637 0 1063612 0 0 0 GREGORY J GAUS ASSISTANT TREAS/CFO/SENIOR VP 486253 0 225126 0 106811 0 26500 0 15776 0 860466 0 0 0 DEAN P MALONE VP FINANCE 322644 0 104142 0 42735 0 26500 0 19462 0 515483 0 0 0 KAREN D JOHNSON PHD VP UNIVERSITY RELATIONS 310259 0 100444 0 35723 0 26500 0 8656 0 481582 0 0 0 MARY LEE PHARM D VP/CAO PHARMACY/HEALTH 390375 0 126941 0 57459 0 26500 0 15044 0 616319 0 0 0 DENNIS PAULSON PHD VP CAO MEDICINE AND DENTAL 401451 0 125588 0 60273 0 26500 0 20068 0 633880 0 0 0 ANGELA MARTY MS VP HUMAN RESOURCES & ADMIN. 237141 0 91614 0 31550 0 22347 0 19237 0 401889 0 0 0 JOHN R BURDICK PHD VP CLINIC OP. & DEAN/BASIC SCI 364015 0 0 0 66645 0 26500 0 19375 0 476535 0 0 0 KATHLEEN N PLAYER VP CAO HEALTH SCIENCES 348397 0 117994 0 16021 0 26500 0 14792 0 523704 0 0 0 THERESA W FOSSUM DEAN MEDICINE 379446 0 119341 0 21095 0 26500 0 20026 0 566408 0 0 0 BARBARA L MCCLOUD VP & GENERAL COUNSEL 179041 0 0 0 140 0 0 0 0 0 179181 0 0 0 LORI A KEMPER DO DEAN MEDICINE 356698 0 92351 0 112619 0 26500 0 19710 0 607878 0 0 0 KAREN J NICHOLS DO DEAN MEDICINE 375454 0 91276 0 50319 0 26500 0 14829 0 558378 0 0 0 MICHAEL MACNEIL DEAN DENTAL MEDICINE 367592 0 97688 0 31737 0 26500 0 14818 0 538335 0 0 0 PAUL B SMITH DEAN DENTAL MEDICINE 308565 0 0 0 102775 0 26500 0 14622 0 452462 0 0 0 ROSS J KOSINSKI DEAN STUDENT SERVICES 258140 0 64445 0 93293 0 24536 0 18952 0 459366 0 0 0 SCHEDULE J, PART I, QUESTION 1A FIRST CLASS TRAVEL THE UNIVERSITY ALLOWS FOR FIRST CLASS TRAVEL FOR ITS CEO, COO, AND CFO AND ALLOWS FOR OTHER KEY EMPLOYEES WITH RESPONSIBILITIES ON BOTH CAMPUSES TO PURCHASE FIRST CLASS UPGRADES. FIRST CLASS TRAVEL IS NOT CONSIDERED COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES SOCIAL/COUNTRY CLUB DUES ARE PAID FOR THE CEO AS PROVIDED FOR IN THE CEO'S EMPLOYMENT CONTRACT. THE CLUB IS USED FOR BUSINESS USE ONLY, THEREFORE NOT CONSIDERED COMPENSATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THE UNIVERSITY PROVIDES CERTAIN OFFICERS AND EMPLOYEES WITH TAX GROSS UP PAYMENTS. FOR THREE OFFICERS, THE UNIVERSITY PROVIDES A TAX GROSS UP ON CAR ALLOWANCES. THE UNIVERSITY ALSO PROVIDES A CURRENT PAYMENT IN LIEU OF A CONTRIBUTION TO ITS QUALIFIED RETIREMENT PLAN TO EMPLOYEES WHOSE COMPENSATION EXCEEDS CODE LIMITS ON CONTRIBUTIONS TO THE QUALIFIED PLANS. GROSS UPS ARE PAID ON SUCH PAYMENTS TO ACCOUNT FOR THE FACT THAT SUCH PAYMENTS ARE NOT SUBJECT TO DEFERRAL AND OTHER TAX BENEFITS ASSOCIATED WITH QUALIFIED RETIREMENT PLANS. THE UNIVERSITY PROVIDES TUITION ASSISTANCE TO EMPLOYEES WHOSE DEPENDENTS ATTEND THE UNIVERSITY. THIS BENEFIT IS TAXABLE AND INCLUDES A TAX GROSS UP PAYMENT. LISTED ON SCHEDULE J PART II, RECIPIENTS WHO RECEIVED THE BENEFIT: ROSS J KOSINSKI, DEAN STUDENT SERVICES $39,981. ARTHUR G DOBBELAERE, PHD, ASSISTANT SECR./COO/EXEC VP $40,143 LORI A KEMPER DO, DEAN OF MEDICINE $33,704 JOHN R BURDICK PHD VP, CLINICAL OPERATIONS & DEAN BASIC SCIENCE $26,676 PAUL B SMITH, DEAN DENTAL MEDICINE $61,020 SCHEDULE J, PART II, COLUMN (B)(II) LISTED OFFICERS AND DEANS CAN RECEIVE AT-RISK COMPENSATION WHICH IS A PERCENTAGE OF THEIR BASE COMPENSATION AS ADDITIONAL COMPENSATION, BASED UPON ATTAINMENT OF VARIOUS PREDETERMINED PERFORMANCE RELATED GOALS FOR THE INDIVIDUALS INVOLVED, ALL AS REFLECTED IN COMPREHENSIVE WRITTEN PERFORMANCE APPRAISALS, AND AT RISK INCENTIVE GOALS. A GLENDALE AZ IDA SERIES 2007 BONDS 521767454 378286GD4 2007-04-18 67184077 SEE SCHEDULE K PART VI false false false B GLENDALE AZ IDA SERIES 2010 BONDS 521767454 378286HC5 2010-05-27 159999058 SEE SCHEDULE K PART VI false false false C GLENDALE AZ IDA SERIES 2013 BONDS 521767454 2013-11-13 106430000 SEE SCHEDULE K PART VI false false false A 5510000 0 68175775 5854670 0 0 0 0 0 0 62321105 0 2007 true true true true B 13360000 0 160208380 10549702 0 0 0 0 169485 80679241 68809952 0 2010 true false true true C 4130000 0 106430000 0 0 0 0 0 0 30000000 76430000 0 2013 true false true true A 0 B false false true false true false 0 false false false true C false false true false true false 0 false false false true A false false false true false true Royal Bank of Canada 0.3 false true false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true A true B true C true FORM 990, SCHEDULE K, PART I, LINE A, COLUMN (F) PROCEEDS FROM THE SALE OF THE BONDS WERE USED TO REFUND THE REMAINING AMOUNT OF THE SERIES 1996 A & B BONDS ISSUED ON AUGUST 14, 1996 AND PARTIAL REFUNDING OF PRINCIPAL AMOUNT FOR THE SERIES 1998B BONDS ISSUED ON SEPTEMBER 24, 1998, AND SERIES 2001 A & B BONDS ISSUED ON MAY 31, 2001. FORM 990, SCHEDULE K, PART I, LINE B, COLUMN (F) PROCEEDS FROM THE SALE OF THE BONDS WERE USED TO PARTIALLY FUND PROJECTS ASSOCIATED WITH THE PROGRAMS AND CAMPUS EXPANSIONS OF THE UNIVERSITY AND THE PROCEEDS WERE ALSO USED TO REFUND THE REMAINING PRINCIPAL OF THE COMMERCIAL PAPER REVENUE NOTE PROGRAM (2009 BONDS) ISSUED JANUARY 29, 2009, JUNE 19, 2008, NOVEMBER 5, 2008 AND DECEMBER 10, 2008. FORM 990, SCHEDULE K, PART I, LINE C, COLUMN (F) PROCEEDS FROM THE SALE OF THE BONDS WERE USED TO REIMBURSE FOR PROJECTS ASSOCIATED WITH THE PROGRAMS AND CAMPUS EXPANSIONS OF THE UNIVERSITY AND THE PROCEEDS WERE ALSO USED TO REFUND THE REMAINING AMOUNT OF THE SERIES 2008 BONDS ISSUED ON MAY 15, 2008 AND THE SERIES 2011 BONDS ISSUED SEPTEMBER 28, 2011. FORM 990, SCHEDULE K, PART II, LINE 3 TOTAL AMOUNT OF BOND PROCEEDS IS DIFFERENT FROM THE BOND ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) BECAUSE OF THE ADDITION OF INVESTMENT EARNINGS. FORM 990, SCHEDULE K, PART III, LINE 3C MIDWESTERN UNIVERSITY UTILIZES THE BOND-FINANCED FACILITIES TO CONDUCT RESEARCH SPONSORED BY CHARITABLE ORGANIZATIONS CREATED PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TO OUR KNOWLEDGE, THIS RESEARCH FALLS WITHIN THE EXEMPT PURPOSES OF SUCH SPONSORS AND, ACCORDINGLY, WOULD NOT BE TREATED AS PRIVATE BUSINESS USE OF THE FINANCED PROPERTY. FORM 990, SCHEDULE K, PART IV, LINE 2C, COLUMN A MIDWESTERN UNIVERSITY LAST PERFORMED THE REBATE CALCULATION FOR THE 2007 BONDS ON APRIL 29, 2014. FORM 990, SCHEDULE K, PART IV, LINE 2C, COLUMN B MIDWESTERN UNIVERSITY LAST PERFORMED THE REBATE CALCULATION FOR THE 2010 BONDS ON July 2, 2015. FORM 990, SCHEDULE K, PART IV, LINE 2C, COLUMN C MIDWESTERN UNIVERSITY LAST PERFORMED THE REBATE CALCULATION FOR THE 2013 BONDS ON AUGUST 5, 2014. THE LAW OFFICE OF BARBARA L MCCLOUD SEE SCHEDULE L, PART V 10808 LEGAL SERVICES false CHANEN CONSTRUCTION COMPANY INC SEE SCHEDULE L, PART V 33156908 GENERAL CONTRACTING false Schedule L, Part IV INTERESTED PERSON: THE LAW OFFICE OF BARBARA L. MCCLOUD, PLLC. RELATIONSHIP: Barbara L. McCloud IS THE OWNER/FOUNDER of the LAW OFFICE OF BARBARA L. MCCLOUD, PLLC. IN JUNE, 2015 SHE BECAME THE VICE PRESIDENT AND GENERAL COUNSEL OF MIDWESTERN UNIVERSITY. THE LAW OFFICE OF BARBARA L. MCCLOUD PROVIDES LEGAL SERVICES TO MIDWESTERN UNIVERSITY. TRANSACTION: THE UNIVERSITY PAYS THE LAW OFFICE OF BARBARA L. MCCLOUD FOR LEGAL SERVICES PROVIDED PRIOR TO HER EMPLOYMENT BY THE UNIVERSITY. THE AMOUNTS LISTED ON SCHEDULE L, COLUMN (C) THAT ARE REFERRED TO HERE ARE FOR THOSE SERVICES DURING THE TAXABLE YEAR. MS. MCCLOUD WAS NOT AN OFFICER OR EMPLOYEE OF THE UNIVERSITY WHEN FEE AGREEMENTS WITH THE LAW OFFICE OF BARBARA L. MCCLOUD WERE ENTERED INTO WITH THE UNIVERSITY. INTERESTED PERSON: Chanen Construction Company, Inc. RELATIONSHIP: STEVEN R CHANEN IS THE President and Chief Executive Officer of Chanen Construction Company, Inc. AND A MEMBER OF THE BOARD OF TRUSTEES OF MIDWESTERN UNIVERSITY. CHANEN CONSTRUCTION COMPANY, INC. HAS PROVIDED GENERAL CONTRACTING SERVICES ON NUMEROUS MAJOR UNIVERSITY CONSTRUCTION PROJECTS OVER MANY YEARS. TRANSACTION: THE UNIVERSITY PAYS CHANEN CONSTRUCTION COMPANY, INC. AS THE GENERAL CONTRACTOR FOR UNIVERSITY CONSTRUCTION PROJECTS. THE AMOUNTS LISTED ON SCHEDULE L, COLUMN (C) THAT ARE REFERRED TO HERE ARE FOR THOSE SERVICES DURING THE TAXABLE YEAR. MR. CHANEN WAS ELECTED TO THE UNIVERSITY'S BOARD OF TRUSTEES AS OF JANUARY 16, 2015. UNDER THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, MR. CHANEN DOES NOT PARTICIPATE IN THE APPROVAL BY THE BOARD OF TRUSTEES OF THE UNIVERSITY'S CONTRACTING AGREEMENTS WITH CHANEN CONSTRUCTION FOR ANY OF THE SERVICES PROVIDED BY CHANEN CONSTRUCTION. ARRANGEMENTS BETWEEN CHANEN CONSTRUCTION AND THE UNIVERSITY HAVE ALWAYS BEEN AND CONTINUE TO BE CONDUCTED ON AN ARMS LENGTH, FAIR MARKET VALUE BASIS. X 400 Appraisal from donor X 1 184886 Market Value X RAFFLE ITEMS - FUNDRASING 110 11493 Cost / Selling Price X Fisher Scientific Biological Microscope 1 1500 Appraisal from donor X Dental Supply Kits 1 7497 Appraisal from donor X Dental Supplies 1 112317 Appraisal from donor X Historic Mortar & Pestles 28 150 Appraisal from donor X Donated Auction Items 108 47398 Cost / Selling Price X Books & Medical Journals 435 0 No Monetary Value 0 false true false SUPPLEMENTAL INFORMATION METHOD OF DETERMINING NONCASH CONTRIBUTION AMOUNTS SCHEDULE M, LINE 25 BOOKS & MEDICAL JOURNALS THE UNIVERSITY REPORTED NO MONETARY VALUE FOR THE DONATED BOOKS & MEDICAL JOURNALS ON SCHEDULE M BECAUSE THE VALUE OF THESE ITEMS WAS NOT READILY DETERMINABLE AND NO AMOUNT WAS REPORTED ON PART VIII, LINE 1G FOR THESE ITEMS. GIFT ACCEPTANCE POLICY SCHEDULE M, LINE 31 FOR THE TYPE OF PROPERTY ON SCHEDULE M, PART I, COLUMN B, THE UNIVERSITY REPORTS THE NUMBER OF ITEMS RECEIVED DURING THE YEAR. THE UNIVERSITY HAS AN ACCEPTANCE POLICY FOR NON-STANDARD CONTRIBUTIONS, WHICH IS REVIEWED BY MANAGEMENT. FORM 990, PART I, LINE 6 NUMBER OF VOLUNTEERS CONSIST PRIMARILY OF ADJUNCT/VOLUNTEER (UNCOMPENSATED) FACULTY PROVIDING TEACHING SERVICES FOR THE UNIVERSITY'S VARIOUS HEALTHCARE EDUCATIONAL SERVICES ( 2,846 ), AS WELL AS UNCOMPENSATED MEMBERS OF THE BOARD OF TRUSTEES (15). FORM 990, PART III, LINE 4A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS DURING THE FISCAL YEAR ENDED 6/30/16, MIDWESTERN UNIVERSITY PROVIDED HEALTH SCIENCES EDUCATION SERVICES TO APPROXIMATELY 6,246 PRE-DOCTORAL STUDENTS AND 122 POST-DOCTORAL STUDENTS. THESE STUDENT SERVICES ARE LOCATED ON THREE CAMPUSES, TWO IN ILLINOIS AND ONE IN ARIZONA. MIDWESTERN UNIVERSITY OFFERS HEALTH EDUCATION PROGRAMS IN MEDICINE, PHARMACY, PHYSICIAN ASSISTANCE, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, BIOMEDICAL SCIENCES, PODIATRY, CLINICAL PSYCHOLOGY, PERFUSION SERVICES, NURSE ANESTHETIST, DENTISTRY, OPTOMETRY, VETERINARY MEDICINE, SPEECH LANGUAGE PATHOLOGY, AND GRADUATE EDUCATION PROGRAMS IN MEDICINE, AS WELL AS CONTINUING EDUCATION FOR STAFF AND ALUMNI. MIDWESTERN UNIVERSITY CONTINUED ITS RESEARCH AND TRAINING PROGRAMS WITH THE SUPPORT OF FEDERAL AND PRIVATE FUNDING. MIDWESTERN UNIVERSITY CLINICS THE MIDWESTERN UNIVERSITY MULTISPECIALTY CLINICS OPERATED AT THE ARIZONA AND ILLINOIS CAMPUSES INCLUDE DENTAL INSTITUTES, EYE INSTITUTES, FAMILY MEDICINE PRACTICES, COMPANION ANIMAL CLINIC AT THE ANIMAL HEALTH INSTITUTE, SPEECH-LANGUAGE INSTITUTES, A PHYSICAL THERAPY INSTITUTE AND OTHER HEALTH SERVICES DESIGNED TO PROVIDE CLINICAL TEACHING SITES AND MEET A WIDE-RANGE OF HEALTHCARE NEEDS OF AREA PATIENTS. IN ACCORDANCE WITH THE UNIVERSITY'S ACADEMIC MISSION, THE FEE SCHEDULES AT THE TWO DENTAL INSTITITUTES HAVE BEEN REDUCED TO APPROXIMATELY 50% OR MORE OF USUAL AND CUSTOMARY CHARGES. AS A RESULT, DURING FISCAL YEAR 2016 MWU PATIENTS PAID $21,263,000 LESS IN PATIENT SERVICE FEES THAN THEY WOULD HAVE HAD MWU CHARGED USUAL AND CUSTOMARY FEES. ALSO, THE UNIVERSITY HAS A DISCOUNT PROGRAM WHEREBY LOW INCOME INDIVIDUALS CAN APPLY FOR FREE CARE AT MWU CLINICS BASED ON THE FEDERAL POVERTY GUIDELINES. THE TOTAL DISCOUNTS IN FISCAL YEAR 2016 WERE $1,413,000 AT STATED PATIENT SERVICE CHARGES. HAD MWU CHARGED USUAL AND CUSTOMARY FEES, THE VALUE OF THE DISCOUNTS WOULD HAVE BEEN $3,473,000. FORM 990, PART IV, LINE 9, AND SCHEDULE D, PART IV CREDIT COUNSELING, DEBT MANAGEMENT SERVICES THE UNIVERSITY ANSWERED "YES" AT FORM 990, PART IV, LINE 9, ONLY BECAUSE IT PROVIDES CREDIT COUNSELING, DEBT MANAGEMENT SERVICES TO ITS STUDENTS IN CONJUNCTION WITH ITS STUDENT LOAN/FINANCIAL AID PROGRAMS. SCHEDULE D, PART IV REQUESTS NO INFORMATION PERTAINING TO THESE SERVICES. FORM 990, PART VI, LINE 11B DESCRIBE THE PROCESS USED BY THE ORGANIZATION TO REVIEW 990 THE 990 IS PREPARED BY MANAGEMENT OF THE UNIVERSITY ALONG WITH THE ADVICE OF THE UNIVERSITY'S AUDITORS, ATTORNEYS AND TAX ADVISORS. THE 990 IS THEN REVIEWED BY THE CEO AND CFO PRIOR TO PRESENTING TO THE BOARD OF TRUSTEES. THE 990 IS PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW AT THE BOARD RETREAT PRIOR TO FILING. FORM 990, PART VI, QUESTION 12 CONFLICTS OF INTEREST POLICY MIDWESTERN UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY APPROVED BY THE BOARD OF TRUSTEES. FOR THE UNIVERSITY AND ALL OF ITS RELATED ORGANIZATIONS, ALL OFFICERS, TRUSTEES, KEY EMPLOYEES AND ALL FACULTY AND STAFF ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE ALL CONFLICTS OF INTEREST. QUESTIONNAIRES ARE RETURNED TO THE PRESIDENT OF THE UNIVERSITY, FOR REVIEW AND ANNUAL APPROVAL. A COMMITTEE OF THE BOARD OF TRUSTEES MEETS AS NECESSARY TO REVIEW AND RESOLVE ANY POTENTIAL CONFLICTS OF INTERESTS REPORTED ON THE QUESTIONNAIRES INVOLVING A TRUSTEE, OFFICER, OR CERTAIN KEY EMPLOYEES. THE PRESIDENT, AS DESIGNEE OF THE BOARD COMMITTEE, REVIEWS AND RESOLVES MATTERS INVOLVING OTHER INDIVIDUALS WHO RECEIVE THE QUESTIONNAIRES. PROCEDURES FOR ADDRESSING ACTUAL OR POSSIBLE CONFLICTS ARE SET FORTH IN THE BOARD APPROVED CONFLICTS OF INTEREST POLICY STATEMENT. RECORDS OF ANY PROCEEDINGS ARE KEPT, AND ANNUAL REPORTS OF THE ACTIVITIES, REVIEWS AND RESOLUTIONS REGARDING CONFLICTS OF INTEREST ARE MADE TO THE BOARD OF TRUSTEES. FORM 990, PART VI, QUESTION 13 WHISTLEBLOWER POLICY THE UNIVERSITY HAS A BOARD OF TRUSTEE APPROVED WRITTEN WHISTLEBLOWER POLICY IN PLACE AND HAS IMPLEMENTED POLICIES AND PROCEDURES ENCOURAGING EMPLOYEES TO COME FORWARD (WHETHER THROUGH AN OPEN DOOR POLICY OR A CONFIDENTIAL PHONE LINE IN THE PRESIDENT AND CEO OFFICES) WITH INFORMATION ON VARIOUS IMPROPER ACTIVITIES, SPECIFIES THAT THE INDIVIDUALS WILL BE PROTECTED FROM RETALIATION, IDENTIFIES STAFF AND MANAGEMENT PERSONNEL TO WHOM SUCH INFORMATION CAN BE REPORTED, AND ASSURES THAT SUCH INFORMATION WILL BE REVIEWED AND ACTED UPON BY MANAGEMENT AS APPROPRIATE. FORM 990, PART VI, QUESTION 14 DOCUMENT RETENTION AND DESTRUCTION POLICY MIDWESTERN UNIVERSITY HAS A BOARD OF TRUSTEE APPROVED WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, QUESTION 15A & 15B OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN MIDWESTERN UNIVERSITY ADOPTED A COMPREHENSIVE EXECUTIVE COMPENSATION REVIEW SYSTEM IN 1995 AND HAS FOLLOWED THE POLICY THROUGHOUT THE YEARS. THE POLICIES AND PRACTICES HAVE ENSURED A CONSISTENT METHODOLOGY FOR ALL ACADEMIC DEANS AND OFFICERS OF THE UNIVERSITY AND THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (THE "COMPENSATION COMMITTEE"). THE COMPENSATION COMMITTEE IS COMPOSED OF TRUSTEES WITHOUT A CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION ARRANGEMENTS WHICH IT APPROVES. THE COMPENSATION COMMITTEE CHAIR ENGAGES AN OUTSIDE COMPENSATION CONSULTANT TO BENCHMARK THE SALARIES AND BENEFITS OF THE ADMINISTRATIVE PERSONNEL OF MIDWESTERN UNIVERSITY. MERIT INCREASES ARE AWARDED BASED ON COMPREHENSIVE WRITTEN PERFORMANCE APPRAISALS, EXTERNAL MARKET AND COMPARABILITY DATA AND INTERNAL EQUITY. THE COMPENSATION COMMITTEE REVIEWS ALL PERFORMANCE APPRAISAL FORMS, INCLUDING A COMPREHENSIVE REVIEW OF THE PERFORMANCE OF THE PRESIDENT, CHIEF EXECUTIVE OFFICER THAT IS DISTRIBUTED TO EVERY MEMBER OF THE BOARD OF TRUSTEES, AND COLLECTED AND EVALUATED BY THE CHAIRMAN OF THE BOARD. THE COMPENSATION COMMITTEE MEETS AT LEAST TWICE A YEAR. ONE MEETING IS HELD EXCLUSIVELY TO REVIEW THE PERTINENT DATA AND PRESIDENT'S PERFORMANCE AND MAY INCLUDE THE EXTERNAL CONSULTANT DURING THE MEETING. THE PRESIDENT IS NOT INCLUDED IN THIS MEETING. MINUTES OF ALL COMPENSATION COMMITTEE MEETINGS ARE WRITTEN AND MAINTAINED IN THE OFFICE OF THE PRESIDENT CEO. In addition to the annual external consultant analysis of all executive salaries, the Board has ENGAGED KORN FERRY HAY GROUP TO REVIEW THE COMPENSATION and benefits OF THE PRESIDENT AND CEO OF THE UNIVERSITY. FORM 990, PART VI, QUESTION 19 AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC MIDWESTERN UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. THE 990 IS AVAILABLE ON GUIDESTAR.COM AND ALSO AT EACH OF THE UNIVERSITY'S TWO CAMPUSES. THE FINANCIAL STATEMENTS AND PERTINENT OPERATING STATISTICS ARE AVAILABLE AT WWW.DACBOND.COM FORM 990, PART X, LINE 15 and 20 Reclassifications Certain reclassifications were made to the 2015 consolidated financial statements to conform to the classifications used in 2016. The reclassifications had no effect on increase in net assets or net assets as previously reported. The debt issuance costs in 2015 of $5,294,000 were reclassified from deferred bond issuance costs, less amortization to long-term debt, less current portion on the consolidated statements of financial position. The Reclassifications resuted in the following differences from the prior year 990 on Part X, Line 15 and 20. Part X, Line 15, 2014 EOY 21,879,799 Part X, Line 15, 2015 BOY 18,586,020 ___________ 3,293,779 Part X, Line 20, 2014 EOY 309,462,281 Part X, Line 20, 2015 BOY 306,168,502 ____________ 3,293,779 FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES $(4,367,628) UNREALIZED LOSS ON INTEREST RATE PROTECTION AGREEMENTS $ (69,359) net asset transfer to Midwestern University Foundation $ (121,864) NONCASH CONTRIBUTIONS not reported on Financial Statements ____________ $(4,558,851) TOTAL MIDWESTERN UNIVERSITY FOUNDATION 555 31st Street Downers Grove IL 60515 363955804 SUPPORT MWU IL 501(C)(3) 9 MWU true Midwestern University Hosp & Med Ctrs 555 31st Street Downers Grove IL 60515 362166999 Inactive IL 501(C)(3) 3 MWU true Midwestern University Properties Corp 363377699 Title Holding IL 501(C)(2) N/A MWU true Osteopathic Management Enterprises Inc 555 31st Street Downers Grove IL 60515 363483456 Inactive IL MWU C CORP. 1.00000 true false false false false false false false false false false false false false false false true true true MIDWESTERN UNIVERSITY FOUNDATION Q 1002030 CASH MIDWESTERN UNIVERSITY FOUNDATION R 5496778 CASH