2017-07-17T10:27:35-05:00 2016-08-31 410746749 CLIFTONLARSONALLEN LLP 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2015-09-01 751596658 PARKER UNIVERSITY PARK 9724386932 2540 WALNUT HILL LANE DALLAS TX 752295612 DAVID GARAFOLA CHIEF FINANCIAL OFFICER 9724386932 2017-07-13 1 LARRY ADAMS P01314654 9723835700 2015 2021-01-29 14:40:06Z DR WILLIAM MORGAN 2540 WALNUT HILL LANE DALLAS TX 752295612 51696189 0 X WWW.PARKER.EDU X 1982 TX EDUCATOR OF HEALTH CARE AND HEALTH SCIENCE PROFESSIONALS 19 19 239 19 134508 -16913 548244 652983 32032276 34564898 1595192 281774 718437 938316 34894149 36437971 1511752 1516834 0 0 19340287 20325179 0 0 260789 13473383 14510501 34325422 36352514 568727 85457 44958561 48141891 3027727 5237848 41930834 42904043 X PARKER UNIVERSITY, BUILT UPON THE LEGACY OF ITS FLAGSHIP DOCTOR OF CHIROPRACTIC PROGRAM, HAS ESTABLISHED ITSELF AS A LEADING COMPREHENSIVE INSTITUTION. PARKER UNIVERSITY PROVIDES STUDENTS, PATIENTS, AND WELLNESS PROFESSIONALS WITH THE KNOWLEDGE AND HEALTHCARE EXPERIENCES TO REALIZE THEIR FULL POTENTIAL THROUGH A DEDICATED FOCUS ON EDUCATION, RESEARCH, AND SERVICE. 0 0 16454777 1516834 28439706 DOCTOR OF CHIROPRACTIC-PARKER UNIVERSITY'S MISSION IS TO EDUCATE INDIVIDUALS IN CHIROPRACTIC WELLNESS. OUR ENROLLMENTS FOR THIS FISCAL YEAR WERE AS FOLLOWS: 768 STUDENTS FOR FALL 2015, 755 STUDENTS FOR SPRING 2016 AND 755 STUDENTS FOR SUMMER 2016. THE COLLEGE GRADUATED 158 STUDENTS DURING THE FISCAL YEAR. 2638704 0 1877860 POSTGRADUATE EDUCATION-THE COLLEGE HOLDS EDUCATIONAL SEMINARS TO ASSIST DOCTORS IN MEETING THE REQUIREMENTS OF NATIONAL AND STATE BOARDS OF CHIROPRACTIC. SEMINARS ARE ALSO HELD TO ASSIST DOCTORS IN DAILY OPERATIONS OF THEIR OFFICES. 3437545 0 3761310 UNDERGRADUATE AND GRAD PROGRAMS-PARKER OFFERS A VARIETY OF UNDERGRAD AND GRAD PROGRAMS, ALL ARE BASED ON THE CORE PRINCIPLES OF PARKER UNIVERSITY AND ARE HEALTH CARE RELATED. OUR ENROLLMENTS FOR THIS FISCAL YEAR WERE AS FOLLOWS: 101 STUDENTS FOR FALL 2015, 95 STUDENTS FOR SPRING 2016 AND 72 STUDENTS FOR SUMMER 2016. THE COLLEGE GRADUATED 1 MBA-MHCM STUDENTS AND 35 UNDERGRAD STUDENTS DURING THE FISCAL YEAR. 612053 486022 MASSAGE SCHOOL-PARKER UNIVERSITY MASSAGE SCHOOL MISSION IS TO EDUCATE INDIVIDUALS IN MASSAGE THERAPY. OUR ENROLLMENTS FOR THIS FISCAL YEAR WERE AS FOLLOWS: 33 STUDENTS FOR FALL 2015, 33 STUDENTS FOR SPRING 2016 AND 37 STUDENTS FOR SUMMER 2016. THE COLLEGE GRADUATED 32 STUDENTS DURING THE FISCAL YEAR. 527738 0 0 RESEARCH-CHIROPRACTIC RESEARCH IS AN IMPORTANT COMPONENT OF ACADEMIC ACTIVITY AT THE COLLEGE AND THEREFORE IS THE SOURCE OF CONTENT FOR QUALITY INSTRUCTIONAL PROGRAMS. THE MISSION OF THE RESEARCH DEPARTMENT IS TO CONDUCT, PRESENT AND PUBLISH RESEARCH RELATED TO CHIROPRACTIC. 1139791 0 486022 23670817 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 196 0 239 1 1 1 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PARKER UNIVERSITY BUSINESS OFFICE 9724386932 2540 WALNUT HILL LANE DALLAS TX 752295612 OLIVER SMITH CHAIRMAN 2.00 X X 0 0 0 STEVEN BROOKS VICE CHAIRMAN 2.00 X X 0 0 0 BILL NARDIELLO D HUM HON TREASURER 2.00 X X 0 0 0 GILBERT GERST ASSISTANT TREASURER 2.00 X X 0 0 0 VINCENT SCHEFFLER SECRETARY 2.00 X X 0 0 0 THOM D CHESNEY TRUSTEE 2.00 X 0 0 0 PHILIP L COOK TRUSTEE 2.00 X 0 0 0 JACK DONOVAN TRUSTEE 2.00 X 0 0 0 J MICHAEL FLYNN TRUSTEE 2.00 X 0 0 0 RAYMUND KING TRUSTEE 2.00 X 0 0 0 WRIGHT LASSITER JR TRUSTEE 2.00 X 0 0 0 ROBERT LONGENECKER TRUSTEE 2.00 X 0 0 0 JAY MORGAN TRUSTEE 2.00 X 0 0 0 JAYNE MOSCHELLA TRUSTEE 2.00 X 0 0 0 FRANCIS X MURPHY TRUSTEE 2.00 X 0 0 0 DT NGUYEN D HUM HON TRUSTEE 2.00 X 0 0 0 STACEY OLSON TRUSTEE 2.00 X 0 0 0 BART PATZER TRUSTEE 2.00 X 0 0 0 DANIEL SAINT-GERMAIN TRUSTEE 2.00 X 0 0 0 WILLIAM MORGAN PRESIDENT (START 6/15/16) 40.00 X 0 0 0 DR BRIAN MCAULAY PRESIDENT (LEFT 3/1/16) 40.00 X 371595 0 5693 GERY HOCHANADEL PROVOST (LEFT 10/16/15) 40.00 X 258914 0 31450 JANELL GIBSON VP ACADEMIC OPERATIONS 40.00 X 157289 0 28097 DAVID GARAFOLA VP BUSINESS AFFAIRS 40.00 X 228645 0 14973 KENNETH THOMAS VP EXTERNAL PROGRAMS 40.00 X 192524 0 5916 SANDRA MCLEAN VP HUMAN RESOURCES 40.00 X 125319 0 33515 ASHLEY CLEVELAND VP COLLEGE OF CHIROPRACTIC 40.00 X 174559 0 3194 RAYMOND ZUKER VP INSTITUTIONAL ADVANCEMENT 40.00 X 119241 0 6262 CHERIE MCNEAL VP ENROLLMENT SERVICES 40.00 X 129664 0 6719 FRANCES CONNER MBA HEALTHCARE MGMT PROGRAM 40.00 X 134560 0 17500 MARK MANDELL MAJOR GIFT OFFICER 40.00 X 129110 0 21902 JOHN PERRYMAN PROFESSOR 40.00 X 111027 0 29962 GENE GIGGLEMAN PROFESSOR 40.00 X 142496 0 24883 DONALD MCNUTT CHIEF INFORMATION OFFICER 40.00 X 135639 0 6534 2410582 0 236600 17 0 1 0 UGL SERVICES UNICCO OPERATIONS CO 4002 SOLUTIONS CENTER CHICAGO IL 60677 FACILITIES/HOUSEKEEPING 1386182 SAGE DINING SERVICES 1402 YORK ROAD LUTHERVILLETIMONIUM MD 21093 CAFE/DINING SERVICES 970659 PINNACLE CONTRACTING INC 7733 FORSYTH BOULEVARD SUITE 1550 SAINT LOUIS MO 63105 CONSTRUCTION/RENOVATION 912498 HELIX EDUCATION PO BOX 894 SALT LAKE CITY UT 84110 STUDENT LEAD GENERATION 869436 STANDARD PROCESS INC 1200 WEST ROYAL LEE DRIVE PALMYRA WI 53156 SUPPLEMENTS FOR BOOKSTORE/SHARE CENTER 811718 19 116252 536731 66573 652983 TUITION AND FEES 611310 32879166 32879166 EDUCATIONAL CLINIC 611310 1052963 1052963 DINING AND OTHER AUXILIARY 611310 632769 632769 34564898 684746 684746 259969 97040 162929 162929 162929 13182656 13585628 -402972 -402972 -402972 2331177 1575550 755627 134508 621119 MISCELLANEOUS 611310 19760 19760 19760 36437971 34564898 134508 1085582 1516834 1516834 2008123 398910 1447367 161846 14422001 9965800 4430160 26041 490007 358848 124135 7024 2291505 1916140 352629 22736 1113543 776896 322330 14317 1374 1374 56171 56171 99843 99843 177357 177357 579470 352852 226618 1257984 88074 1167460 2450 760216 508077 250464 1675 144141 105313 38828 4459419 2746172 1713247 297579 204472 92101 1006 69178 69178 1546830 1375522 171308 278578 278578 SEMINAR EXPENSES 1425491 1425482 9 0 STUDENT LIFE 724411 570356 148895 5160 DUES AND SUBSCRIPTIONS 325934 123290 198375 4269 BANK FEES 242236 146155 96081 0 2064289 1091624 958400 14265 36352514 23670817 12420908 260789 1540307 1910735 99000 220083 253487 566653 795335 1198135 1149878 507816 397455 40210880 29700089 8727468 10510791 31600647 32731719 422907 365132 75545 27359 44958561 48141891 2433490 2708927 352641 368278 1933333 58350 44064 183246 183246 3027727 5237848 X 40701361 41567989 632263 730248 597210 605806 41930834 42904043 44958561 48141891 85457 887752 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 877085 8596 76246 2000 959927 873060 39100 -28075 7000 877085 722509 47195 109856 6500 873060 648724 14204 67081 7500 722509 570681 51441 32602 6000 648724 0.00000 0.63110 0.36890 0 0 1894240 1894240 24183962 19043126 5140836 12531177 10156838 2374339 1601501 500125 1101376 10510791 US GOVERNMENT LOANS REFUNDABLE 183246 183246 X 37304122 887752 1672590 2560342 34743780 177357 1516834 1694191 36437971 36330913 1672590 1672590 34658323 177357 1516834 1694191 36352514 PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT IS USED TO PROVIDE SCHOLARSHIPS TO CURRENT AND INCOMING STUDENTS. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, IT IS NOT SUBJECT TO STATE OR FEDERAL INCOME TAXES. THE UNIVERSITY IS SUBJECT TO FEDERAL TAXES ON UNRELATED BUSINESS INCOME. THE UNIVERSITY FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY AS A RESULT OF THE APPLICATION OF THIS STANDARD. THE UNIVERSITY FILES AS A TAX-EXEMPT ORGANIZATION. THE UNIVERSITY'S TAX RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE SUBJECT TO REVIEW BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 97,040. COST OF GOODS SOLD 1,575,550. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 1,516,834. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 97,040. COST OF GOODS SOLD 1,575,550. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS 1,516,834. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE HAVE NOT PUBLICIZED OUR POLICY THROUGH NEWSPAPER OR BROADCAST MEDIA. IT IS INCLUDED IN WRITTEN COMMUNICATION WITH THE PUBLIC DEALING WITH STUDENT'S ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES TITLE IV FINANCIAL AID FUNDS AND STATE FINANCIAL AID FOR ITS STUDENTS. 1 STUDENT TUITION GRANTS 1311 1516834 N/A N/A PART I, LINE 2: THE COLLEGE HAS A SCHOLARSHIP COMMITTTEE THAT SELECTS ALL SCHOLARSHIP RECIPIENTS. THE COLLEGE AWARDS SCHOLARSHIPS AND GRANTS TO STUDENTS BASED ON NEED. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 DR BRIAN MCAULAY PRESIDENT (LEFT 3/1/16) 350365 0 0 0 21230 0 5693 0 0 0 377288 0 0 0 GERY HOCHANADEL PROVOST (LEFT 10/16/15) 251806 0 0 0 7108 0 18667 0 12783 0 290364 0 0 0 JANELL GIBSON VP ACADEMIC OPERATIONS 156289 0 1000 0 0 0 9069 0 19028 0 185386 0 0 0 DAVID GARAFOLA VP BUSINESS AFFAIRS 228645 0 0 0 0 0 2339 0 12634 0 243618 0 0 0 KENNETH THOMAS VP EXTERNAL PROGRAMS 191524 0 1000 0 0 0 0 0 5916 0 198440 0 0 0 SANDRA MCLEAN VP HUMAN RESOURCES 125319 0 0 0 0 0 26532 0 6983 0 158834 0 0 0 ASHLEY CLEVELAND VP COLLEGE OF CHIROPRACTIC 174559 0 0 0 0 0 538 0 2656 0 177753 0 0 0 FRANCES CONNER MBA HEALTHCARE MGMT PROGRAM 134560 0 0 0 0 0 17500 0 0 0 152060 0 0 0 MARK MANDELL MAJOR GIFT OFFICER 128110 0 1000 0 0 0 3162 0 18740 0 151012 0 0 0 GENE GIGGLEMAN PROFESSOR 141496 0 1000 0 0 0 9482 0 15401 0 167379 0 0 0 PART I, LINE 1A DR. BRIAN MCAULAY - HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - INCLUDED IN TAXABLE INCOME DR. BRIAN MCAULAY - AUTO ALLOWANCE - INCLUDED IN TAXABLE INCOME RAYMOND ZUKER - AUTO ALLOWANCE - INCLUDED IN TAXABLE INCOME PART I, LINE 4A BRIAN MCAULAY,FORMER PRESIDENT, RECEIVED SEVERANCE PAY OF $224,583 DURING THE FISCAL YEAR. X 100 4713 FAIR MARKET VALUE X INSIGHT DISCOVERY SUBLUXATION STATIONS 2 31860 INVOICE X CHIROPRACTIC TABLES 5 25000 INVOICE X C-ARM MACHINE 1 5000 DONOR 0 0 1 0 PART I, COLUMN (B): THE UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTORS ON PART I, COLUMN B. FORM 990, PART VI, SECTION A, LINE 1 THE UNIVERSITY'S EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIR, TREASURER, ASSISTANT TREASURER, AND SECRETARY. THE COMMITTEE HAS, AND MAY EXERCISE, ALL THE POWERS OF THE BOARD DURING THE INTERIM PERIOD BETWEEN MEETINGS OF THE BOARD EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE THE POWER TO SUSPEND OR DISCONTINUE OPERATION OF THE UNIVERSITY; AMEND THE UNIVERSITY'S BYLAWS; OR ELECT TO OR REMOVE FROM MEMBERSHIP A TRUSTEE OR OFFICER OF THE BOARD. IN ADDITION, THE EXECUTIVE COMMITTEE MAY NOT ENTER OR APPROVE ANY CONTRACT OR INCUR ANY DEBT OR ANY OTHER ENCUMBRANCE INVOLVING AN AMOUNT IN EXCESS OF $25,000, OR AUTHORIZE ANY OFFICER OF THE UNIVERSITY TO TAKE ANY SUCH ACTION WITHOUT THE WRITTEN UNANIMOUS CONSENT OF ALL THE TRUSTEES OR APPROVAL BY VOTE AT A REGULAR OR SPECIAL MEETING OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE ALUMNI ASSOCIATION HOLDS A POSITION ON THE BOARD OF TRUSTEES AND ENJOYS ALL RIGHTS OF THE FLOOR AND VOTING PRIVILEGES, AND IS HELD ACCOUNTABLE FOR ALL DUTIES OF A TRUSTEE, EXCEPT AS PROSCRIBED IN THE UNIVERSITY'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE UNIVERSITY'S FORM 990 WILL BE SENT TO THE BOARD AT LEAST 30 DAYS BEFORE FILING. EACH MEMBER WILL BE INSTRUCTED TO REVIEW AND FORWARD ANY QUESTIONS OR CONCERNS TO UNIVERSITY'S MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY BYLAWS PROHIBIT THE TRUSTEES FROM PARTICIPATING IN DECISIONS WHEN THEY HAVE A CONFLICT OF INTEREST. THE EMPLOYEE HANDBOOK APPLIES TO ALL EMPLOYEES AND PROHIBITS CONTRACTS BETWEEN THE COLLEGE AND ANY FIRM OR INDIVIDUAL IN WHICH AN EMPLOYEE HAS A MATERIAL FINANCIAL INTEREST. TO MONITOR THE PRESENCE OF ANY CONFLICTS, THE TRUSTEES, THE PRESIDENT, ITS CABINET, AND EMPLOYEES IN PURCHASING AND FINANCIAL AID MUST ANNUALLY COMPLETE A FORM TO DISCLOSE ANY CONFLICT OF INTEREST. ALL EMPLOYEES ARE REQUIRED TO 1) DISCLOSE CONFLICTS OF INTEREST AND 2) REFRAIN FROM PARTICIPATING IN DECISIONS RESULTING IN FINANCIAL GAIN DIRECT OR INDIRECT. THE DISCLOSURE FORMS OF TRUSTEES ARE REVIEWED BY THE BOARD CHAIR. THE DISCLOSURE FORMS OF EMPLOYEES ARE REVIEWED BY HUMAN RESOURCES. IF ADDITIONAL ACTION IS NECESSARY TO EVALUATE THE CONFLICT OR TO PREVENT THAT TRUSTEE OR EMPLOYEE FROM PARTICIPATING IN DECISIONS INVOLVING THAT CONFLICT OF INTEREST, HUMAN RESOURCES MAY SEEK ASSISTANCE FROM THE VICE PRESIDENT OF BUSINESS OR IF NECESSARY, MAY SEEK ASSISTANCE FROM THE PRESIDENT OR THE CHAIR OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY IS DETERMINED BY THE BOARD OF TRUSTEES. THE PRESIDENTIAL REVIEW COMMITTEE WORKS WITH AN INDEPENDENT CONSULTANT AND MAKES RECOMMENDATION TO ENTIRE BOARD. THIS PROCESS WAS LAST COMPLETED FOR THE UNIVERSITY'S PRESIDENT IN 2012. COMPENSATION FOR EXECUTIVE MEMBERS OF THE ORGANIZATIONS HAS HISTORICALLY BEEN CONDUCTED AT THE SAME TIME THE PRESIDENT'S COMPENSATION IS REVIEWED. THIS PROCESS WAS LAST COMPLETED IN 2012. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. YKT LLC 8240 WALNUT HILL LANE DALLAS TX 75229 474884482 REAL ESTATE INTERESTS TX -2004 2053730 PARKER UNIVERSITY