2017-01-25T09:49:43-06:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 4505 STEPHEN CIRCLE NW STE 200 CANTON OH 44718 990 2015-07-01 340868798 WALSH UNIVERSITY INC WALS 3304997090 2020 EAST MAPLE ST NORTH CANTON OH 447203396 MICHELLE BROWN VP FINANCE & BUSINESS AFFAIRS 3304997134 2017-01-23 1 LISA HILLING P01624111 3304972000 2015 2021-01-29 14:40:06Z RICHARD JUSSEAUME 2020 EAST MAPLE ST NORTH CANTON OH 447203396 103041294 0 X WWW.WALSH.EDU X 1958 OH WALSH UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL CATHOLIC, LIBERAL ARTS AND SCIENCES INSTITUTION. FOUNDED BY THE BROTHERS OF CHRISTIAN INSTRUCTION, WALSH UNIVERSITY IS 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. WALSH UNIVERSITY BELIEVES IN THE DESIRABILITY OF A SMALL UNIVERSITY THAT PROMOTES ACADEMIC EXCELLENCE, A DIVERSE COMMUNITY AND CLOSE STUDENT-TEACHER INTERACTIONS. THE UNIVERSITY PROVIDES ITS STUDENTS A HIGHER EDUCATION THAT FOSTERS CRITICAL THINKING, EFFECTIVE COMMUNICATION, SPIRITUAL GROWTH, AND PERSONAL, PROFESSIONAL AND CULTURAL DEVELOPMENT. WALSH UNIVERSITY ENCOURAGES INDIVIDUALS TO ACT IN ACCORDANCE WITH REASON GUIDED BY THE EXAMPLE AND TEACHINGS OF JESUS CHRIST. 35 33 1686 310 0 0 3411293 4293800 73174328 74632246 1548504 559743 1325944 1247899 79460069 80733688 26178254 28455737 0 0 28875112 29703837 96750 97975 1090485 19171350 19164477 74321466 77422026 5138603 3311662 110796699 111683608 28030194 26497749 82766505 85185859 X WALSH UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL CATHOLIC, LIBERAL ARTS AND SCIENCES INSTITUTION. FOUNDED BY THE BROTHERS OF CHRISTIAN INSTRUCTION, WALSH UNIVERSITY IS 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. WALSH UNIVERSITY BELIEVES IN THE DESIRABILITY OF A SMALL UNIVERSITY THAT PROMOTES ACADEMIC EXCELLENCE, A DIVERSE COMMUNITY AND CLOSE STUDENT-TEACHER INTERACTIONS. THE UNIVERSITY PROVIDES ITS STUDENTS A HIGHER EDUCATION THAT FOSTERS CRITICAL THINKING, EFFECTIVE COMMUNICATION, SPIRITUAL GROWTH, AND PERSONAL, PROFESSIONAL AND CULTURAL DEVELOPMENT. WALSH UNIVERSITY ENCOURAGES INDIVIDUALS TO ACT IN ACCORDANCE WITH REASON GUIDED BY THE EXAMPLE AND TEACHINGS OF JESUS CHRIST. 0 0 69486446 28455737 74632246 THE UNIVERSITY PROVIDES APPROXIMATELY 3,000 STUDENTS ON FIVE CAMPUS LOCATIONS 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 (FALL 2017), DOCTOR OF NURSING PRACTICE, AND DOCTOR OF PHYSICAL THERAPY.WALSH UNIVERSITY IS ACCREDITED BY THE FOLLOWING: 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 131,614 VOLUMES, 84 PAPER SUBSCRIPTIONS, 4,460 AUDIO VISUAL TITLES ON PHYSICAL MEDIA, 22,597 STREAMING EDUCATIONAL VIDEOS, AND 164 ELECTRONIC DATABASES. THE UNIVERSITY ALSO HAS LINKS TO 302,598 ELECTRONIC BOOKS, AND 32,122 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 1,000 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 CAFE 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 CONFERENCE, 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 LAKES INTERCOLLEGIATE ATHLETIC CONFERENCE (GLIAC), 19 OF OUR 20 SPORTS COMPETE FOR GLIAC CONFERENCE CHAMPIONSHIPS, WITH THE EXCEPTION BEING THE MEN'S LACROSSE PROGRAM, WHICH COMPETES AS MEMBERS OF THE EASTERN COLLEGIATE ATHLETIC CONFERENCE (ECAC). WALSH'S TEAMS HAVE ALSO HAD SUCCESS AFTER THE TRANSITION TO THE NCAAII. THE MEN'S BASKETBALL TEAM HAS PROGRESSED TO THE FINAL FOUR OF THE GLIAC TOURNAMENT EACH OF THE YEARS THAT WE HAVE BEEN ELIGIBLE TO DO SO. ADDITIONALLY, IN 2015-16, THEY REACHED THE CHAMPIONSHIP GAME OF THE CONFERENCE TOURNAMENT. LIKEWISE, THE WOMEN'S PROGRAM MADE THE GLIAC POST SEASON PLAYOFF TOURNAMENT EACH OF THE PREVIOUS TWO YEARS.OUR WOMEN'S SOCCER PROGRAM HAS MADE THE CONFERENCE TOURNAMENT 2 OUT OF THE LAST 3 YEARS, AND OUR WOMEN'S SOFTBALL TEAM AND MEN'S BASEBALL TEAM HAVE ALSO COMPETED IN THE POST SEASON WITH THE BASEBALL SQUAD LOSING IN THE FINALS LAST YEAR.WE HAVE HAD ALL AMERICANS IN TRACK IN FIELD AND LAST YEAR THE MEN'S CROSS COUNTRY TEAM MADE IT TO THE NATIONAL NCAAII MEET.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 A 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; A CAREER READINESS CENTER; GATHERING SPACE IN A LARGE, OPEN ATRIUM AND CAF ; THOUGHT-PROVOKING FORUMS AND INSTITUTES IN PUBLIC AFFAIRS, APPLIED HUMANITIES, AND HEALTH; AND SACRED SPACE 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. 69486446 1 1 0 0 0 0 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 1 129 0 1 1686 1 0 1 IT 0 0 0 1 1 0 0 0 0 X 35 33 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 2.00 0.00 X X 0 0 0 JUDGE SARA LIOI VICE-CHAIR 2.00 0.00 X X 0 0 0 GERARD ARCHAMBAULT DIRECTOR 2.00 0.00 X 0 0 0 ROBERT F BELDEN DIRECTOR 2.00 0.00 X 0 0 0 DENNIS BIERY DIRECTOR 2.00 0.00 X 0 0 0 BR LEVI BOUDREAU DIRECTOR 2.00 0.00 X 0 0 0 BR DANIEL CARON DIRECTOR 2.00 0.00 X 0 0 0 DONALD L CASTER DIRECTOR 2.00 0.00 X 0 0 0 THOMAS E CECCONI DIRECTOR 2.00 0.00 X 0 0 0 MSGR JAMES CLARKE DIRECTOR 2.00 0.00 X 0 0 0 DANIEL CUNNINGHAM DIRECTOR 2.00 0.00 X 0 0 0 ELAINE DALPIAZ DIRECTOR 2.00 0.00 X 0 0 0 FRANK D'ANGELO DIRECTOR 2.00 0.00 X 0 0 0 RON DEES DIRECTOR 2.00 0.00 X 0 0 0 JACQUELINE DEGARMO DIRECTOR 2.00 0.00 X 0 0 0 ROGER DEVILLE DIRECTOR 2.00 0.00 X 0 0 0 JOHN E DOWLING DIRECTOR 2.00 0.00 X 0 0 0 TIMOTHY FAUTSKO DIRECTOR 2.00 0.00 X 0 0 0 GRETCHEN A GRAHAM DIRECTOR 2.00 0.00 X 0 0 0 AJ HYLAND DIRECTOR 2.00 0.00 X 0 0 0 JUDITH BARNES LANCASTER DIRECTOR 2.00 0.00 X 0 0 0 BR JEROME LESSARD DIRECTOR 2.00 0.00 X 0 0 0 GREGORY W LUNTZ DIRECTOR 2.00 0.00 X 0 0 0 EDWARD A MAHONEY III DIRECTOR 2.00 0.00 X 0 0 0 CAROL MILLER DIRECTOR 2.00 0.00 X 0 0 0 BISHOP GEORGE MURRY DIRECTOR 2.00 0.00 X 0 0 0 DAVID REYNOLDS DIRECTOR 2.00 0.00 X 0 0 0 E JEFFREY ROSSI DIRECTOR 2.00 0.00 X 0 0 0 EDWARD J ROTH III DIRECTOR 2.00 0.00 X 0 0 0 PAUL L RUFLIN DIRECTOR 2.00 0.00 X 0 0 0 THEODORE STULTS DIRECTOR 2.00 0.00 X 0 0 0 TED SWALDO DIRECTOR 2.00 0.00 X 0 0 0 BR MARCEL SYLVESTRE DIRECTOR 2.00 0.00 X 0 0 0 MARLENE TOOT DIRECTOR 2.00 0.00 X 0 0 0 LOUIS ZACHARILLA DIRECTOR 2.00 0.00 X 0 0 0 RICHARD L JUSSEAUME PRESIDENT 40.00 0.00 X 406358 0 89146 DOUGLAS PALMER SECRETARY/VP FOR ACADEMIC AFFAIRS 40.00 0.00 X 99572 0 23139 MICHELLE BROWN TREASURER/VP FOR FINANCE 40.00 0.00 X 141450 0 11914 MEGAN DONALDSON PROFESSOR/FACULTY REP. 40.00 0.00 X 97495 0 7125 ERIC BELDEN VP OF ADVANCEMENT 40.00 0.00 X 121299 0 9783 LAURENCE BOVE PROVOST 40.00 0.00 X 173488 0 48606 DALE HOWARD VP FOR ATHLETICS 40.00 0.00 X 121230 0 30447 JAIME PAZ PROGRAM DIRECTOR AND PROFESSOR, PHYSICAL THERAPY 40.00 0.00 X 110105 0 23938 PAMELA RITZLINE DEAN, SCHOOL OF BEHAVIORAL AND HEALTH SCIENCES; PR 40.00 0.00 X 124311 0 9907 1395308 0 254005 11 0 1 0 SODEXHO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 DINING SERVICES 3065337 FRED OLIVIERI CONSTRUCTION CO 6315 PROMWAY AVE NW NORTH CANTON OH 44720 CONSTRUCTION CONTRACTOR 749780 ANDERSON COACH & TRAVEL ONE ANDERSON PLAZA GREENVILLE PA 16125 BUS SERVICES 179545 RELIABLE SNOW PLOWING SPECIALISTS 8020 HIGHLAND POINTE PKWY MACEDONIA OH 44056 SNOW REMOVAL SERVICES 145640 MERCY MEDICAL CENTER 1320 MERCY DR NW CANTON OH 44708 ATHLETIC TRAINING 135172 9 2370 872319 3419111 154666 4293800 TUITION AND FEES 611310 62136172 62136172 SALES/SERVICE AUXILIARY 611310 12496074 12496074 74632246 417004 417004 1253226 936501 316725 316725 316725 21408362 21265623 142739 142739 142739 109915 2370 105482 4433 4433 OTHER REVENUE 611310 863379 863379 RECOVERY OF BAD DEBTS 611310 44563 44563 INTEREST INCOME STUDENT LOANS 611310 16323 16323 2476 2476 926741 80733688 74632246 0 1807642 10384 10384 28445353 28445353 797878 147041 650837 22957601 20417651 1960381 579569 1152665 1005557 110731 36377 2964843 2617960 270891 75992 1830850 1589701 195731 45418 158605 17660 140945 167702 167702 97975 97975 1816333 1344282 430282 41769 749494 339072 403539 6883 2745277 1364256 1296857 84164 1916954 1890502 24085 2367 1689002 1598054 76816 14132 308924 308924 3333438 3325754 6854 830 316508 105122 211386 OTHER AUXILIARY 3065086 2925236 92170 47680 OTHER INSTRUCTIONAL EXP 1363239 1353478 7834 1927 OTHER ACADEMIC SUPPORT 653417 293401 359699 317 DUES/MEMBERSHIPS/SUBSCR 493608 353014 124134 16460 386890 34044 314221 38625 77422026 69486446 6845095 1090485 67618 93135 12812511 13713962 5841419 6810675 2632872 2926856 2191475 2026526 24870 23279 547166 838832 113151515 49920325 65600308 63231190 11694661 12091233 8845822 9328530 537977 599390 110796699 111683608 3015689 2718960 395971 412295 22125000 20625000 2493534 2741494 28030194 26497749 X 57547398 57725118 12318200 13742740 12900907 13718001 82766505 85185859 110796699 111683608 X 3311662 -629339 -262969 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 283902 X 0 21925835 1867857 -85048 477079 586672 22644893 21046406 1887827 -58983 432472 516943 21925835 16025236 3141038 2552330 388333 283865 21046406 13330792 1654125 1520640 355291 125030 16025236 12528287 1147061 104398 322511 126443 13330792 0.37740 0.62260 0 0 2415768 2415768 79811670 25803491 54008179 1060650 726937 333713 19612637 17065630 2547007 10250790 6324267 3926523 63231190 BENEFICIAL INTEREST IN PERPETUAL TRUST 343833 F ASSETS DESIGNATED FOR LONG-TERM INVESTMENT 8546305 F CHARITABLE REMAINDER UNITRUST 438392 F 9328530 TUITION DEPOSITS 309922 INTEREST PAYABLE 181431 US GOVT GRANTS REFUNDABLE 1167591 INTEREST RATE SWAP 776384 CHARITABLE REMAINDER UNITRUST PAYABLE 306166 2741494 X 52398459 -629339 -28692055 -29321394 81719853 -986165 -986165 80733688 49979105 1002432 1002432 48976673 28445353 28445353 77422026 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: TUITION DISCOUNTS -28,445,353. INTEREST RATE SWAP -246,702. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN ON 990 PART VIII LN 6B -936,501. FUNDRAISING EXPENSES SHOWN ON 990 PART VIII LN 8B -105,482. REVENUE FROM KENTUCKY DERBY & FASHION SHOW FUNDRAISING EVENTS 55,818. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN ON 990 PART VIII LN 6B 936,501. FUNDRAISING EXPENSES SHOWN ON 990 PART VIII LN 8B 105,482. EXPENSES FROM KENTUCKY DERBY & FASHION SHOW FUNDRAISING EVENTS -39,551. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 28,445,353. 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 765659 1 4 0 0 1 4 765659 0 765659 0 0 0 0 0 0 X X 1 MCALLISTER & QUINN 1368 NORTH WASHINGTON AVE SCRANTON PA 18509 GRANT SOLICITATION 0 597621 97975 499646 597621 97975 499646 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 LAS VEGAS NIGHT 25542 25542 1879 37347 FAREY RAFFLE 28555 28555 26705 2 58188 2370 55818 39551 112285 2370 109915 1879 103603 105482 4433 SCHEDULE G, PART I, LINE 2B, COLUMN (V) TOTAL PAID OF $97,975 CONSISTS OF $96,360 FOR FEES PAID FOR GRANT SOLICITATION SERVICES. THE REMAINING AMOUNT OF $1,615 IS REIMBURSEMENT OF EXPENSES THAT ARE REIMBURSED BASED ON MCALLISTER & QUINN'S ACTUAL EXPENSES. 0 0 0 SCHOLARSHIPS FOR STUDENTS 1823 25785697 DISCOUNTS ON TUITION FOR STUDENTS 416 2659656 X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 RICHARD L JUSSEAUME PRESIDENT 288372 0 60000 0 57986 0 61359 0 27787 0 495504 0 0 0 MICHELLE BROWN TREASURER/VP FOR FINANCE 131168 0 10000 0 282 0 9194 0 2720 0 153364 0 0 0 LAURENCE BOVE PROVOST 171793 0 0 0 1695 0 29216 0 19390 0 222094 0 0 0 DALE HOWARD VP FOR ATHLETICS 120674 0 0 0 556 0 8363 0 22084 0 151677 0 0 0 PART I, LINE 1A THE PRESIDENT'S CONTRACT INCLUDES A HOUSING ALLOWANCE THAT THE UNIVERSITY PAYS AS PART OF HIS WAGES. ALSO, COUNTRY CLUB DUES ARE PAID BY THE UNIVERSITY, AND THE PRESIDENT IS TAXED ON HIS W-2 FOR THE PERSONAL PORTION OF THOSE DUES. 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 0.01650 0.01890 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 1041212 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 PRESIDENT & CEO OF MERCY MEDICAL AND WALSH BOARD MEMBER 125728 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 291216 SEE DESCRIPTION FOR AULTCARE. 0 X 11 154666 FMV DATE OF SALE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 STARTING IN 2010 (FOR THE TAX YEAR ENDING JUNE 30, 2009), EACH YEAR 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 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. FORM 990, PART VI, SECTION B, LINE 15A IN 2007 THE CURRENT COMPENSATION COMMITTEE WAS FORMED TO AMEND AND MONITOR THE PRESIDENT'S CONTRACT. 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. 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. 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/LOSS ON DERIVATIVES -246,702. NET INCOME FROM KENTUCKY DERBY & FASHION SHOW FUNDRAISING EVENTS -16,267. 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, 2016 WALSH UNIVERSITY, INC. IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).