2015-03-30T15:03:34-05:00 2014-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2013-06-01 470376551 MIDLAND UNIVERSITY MIDL 4027215480 900 NORTH CLARKSON STREET FREMONT NE 68025 JODI BENJAMIN VP OF FINANCE AND ADMINISTRATION 4029416142 2015-03-19 1 LAWRENCE H MOHR CPA P00447603 6128764500 2015-03-19 2013 2016-02-25 16:41:14Z JODI BENJAMIN 900 NORTH CLARKSON STREET FREMONT NE 68025 40417775 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 ROOTED IN 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. 10 9 810 100 0 0 9389376 3472863 31622381 36346590 295063 412523 13628 17886 41320448 40249862 14900353 16366103 0 0 10916704 12307189 0 191269 924193 9613680 10996966 35430737 39861527 5889711 388335 56495558 58759059 22615507 22735408 33880051 36023651 MIDLAND UNIVERSITY INSPIRES PEOPLE TO LEARN AND LEAD IN THE WORLD WITH PURPOSE. 0 0 21986847 16366103 31508160 INSTRUCTION MIDLAND UNIVERSITY OFFERS MULTIPLE DEGREES INCLUDING BACHELORS DEGREES IN BUSINESS, EDUCATION AND NURSING, AS WELL AS A MASTERS IN BUSINESS AND EDUCATION. THE 2013-2014 ENROLLMENT WAS 28 NON TRADITIONAL UNDERGRADUATE STUDENTS, 1164 TRADITIONAL STUDENTS IN THE FALL, 36 NON-TRADITIONAL AND 1033 TRADITIONAL STUDENTS IN THE SPRING, AND 102 GRADUATE STUDENTS. 6975379 430892 ACADEMIC SUPPORT ACADEMIC SUPPORT INCLUDES THE LIBRARY, ADMISSIONS, FINANCIAL AID, INFORMATION TECHNOLOGY AND THOSE FUNCTIONS THAT DIRECTLY SUPPORT INSTRUCTION. 3767725 4407538 AUXILIARY ENTERPRISESAUXILIARY ENTERPRISES AT MIDLAND UNIVERSITY ARE COMPRISED OF 7 RESIDENCE HALLS OR ON-CAMPUS APARTMENTS, A DINING FACILITY, AND A BOOKSTORE FOR FACULTY, STAFF AND STUDENTS. 668 STUDENTS RESIDED IN STUDENT HOUSING DURING FALL 2013 AND 580 STUDENTS DURING SPRING 2014. 32729951 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 99 0 810 1 0 0 0 0 0 1 1 0 0 0 0 X 10 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 TRUSTEE 1.00 1.00 X 0 0 0 MELODY DENSON MD TRUSTEE 1.00 1.00 X 0 0 0 MIKE JACOBSON TRUSTEE 1.00 1.00 X 0 0 0 DERECK LEWIS TRUSTEE 1.00 1.00 X 0 0 0 GARY PERKINS TRUSTEE 1.00 1.00 X 0 0 0 RYAN TALIAFERRO TRUSTEE 1.00 1.00 X 0 0 0 STEVE PRIBNOW TRUSTEE 1.00 1.00 X 0 0 0 PATRICK BOOTH TRUSTEE 1.00 1.00 X 0 0 0 RANDY EIKMEIER TRUSTEE 1.00 1.00 X 0 0 0 BENJAMIN SASSE PRESIDENT 40.00 1.00 X X 286947 0 17996 STEVEN BULLOCK VP ACADEMIC AFFAIRS 40.00 0.00 X 187568 0 22239 JODI BENJAMIN VP FINANCE AND ADMIN 40.00 0.00 X 135483 0 21293 ELIZA FERZELY VP ADMISSIONS AND ENROLLME 40.00 0.00 X 126894 0 3528 MERRITT NELSON VP OF STUDENT AFFAIRS 40.00 0.00 X 33996 0 8157 RAYMOND SASS DIRECTOR OF MBA AND STRATEGIC PLANNING 40.00 0.00 X 130914 0 9305 901802 0 82518 5 0 1 0 SODEXO 731 21ST AVENUE SOUTH MINNEAPOLIS MN 55454 FOOD AND CUSTODIAL SERVICES 1779623 GRAHAM PELTON CONSULTING INC 39 BIRCHWOOD RD SUMMIT NJ 07901 CONSULTING 191269 HAL HASSALL CONSULTING 1336 ADAMS ST FRANKLIN TN 37064 CONSULTING 112494 3 10650 510874 2951339 69355 3472863 TUITION AND FEES 611710 31508160 31508160 AUXILIARY ENTERPRISES 611710 4407538 4407538 OTHER REVENUES 611710 139471 139471 CONFERENCES 611710 106619 106619 SUMMER FINE ARTS 611710 104023 104023 80779 80779 36346590 197556 197556 31062 6928 24134 24134 24134 367004 152037 214967 214967 214967 2700 10650 8948 -6248 -6248 40249862 36346590 0 430409 16366103 16366103 881331 613587 237937 29807 8717275 6069006 2353447 294822 181656 126469 49043 6144 1907385 1327930 514946 64509 619542 431328 167261 20953 19298 13435 5210 653 64245 44727 17345 2173 191269 191269 68651 47795 18534 2322 291048 202628 78576 9844 488130 339838 131783 16509 416300 296060 114807 5433 192584 134078 51993 6513 1293593 900604 349239 43750 98344 68468 26550 3326 864145 601621 233298 29226 1320851 919582 356597 44672 303788 211499 82015 10274 RESTRICTED GIFT EXPENSE 1377501 1092185 285316 FOOD SERVICE 1128702 785808 304721 38173 ATHLETICS 1083270 754177 292456 36637 INSTRUCTION 684756 476730 184867 23159 1301760 906293 351442 44025 39861527 32729951 6207383 924193 5263167 6942206 7420225 4285108 336390 682288 3658764 3576531 45002032 19309417 25771578 25692615 7804130 10225590 6241304 7354721 56495558 58759059 1863722 2568684 2228806 2173620 491355 547492 16965000 16385000 371560 380147 695064 680465 22615507 22735408 X 10168897 10567851 7793242 8280873 15917912 17174927 33880051 36023651 56495558 58759059 X 388335 1521433 233832 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 4313 0 0 0 4313 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. 16236579 431524 2117530 332297 18453336 14658151 268196 1310232 16236579 14550680 169770 -110278 -47979 14658151 12300319 237746 1850034 -162581 14550680 12726196 449736 2120696 772119 2224190 12300319 0.11770 0.70230 0.18000 0 0 3087177 3087177 136613 35449615 14476617 21109611 5786207 4832800 953407 542420 542420 25692615 CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 502294 DEFERRED DEBT ACQUISITION COSTS 270462 BENEFICIAL INTEREST IN TRUST 4686207 DEPOSITS HELD BY TRUSTEES 1821464 ACCRUED INTEREST & OTHER ASSETS 74294 7354721 ANNUITIES PAYABLE 252961 ASSET RETIREMENT OBLIGATION 414500 CAPITAL LEASE OBLIGATIONS 13004 680465 X 26043426 1521433 457114 249708 2228255 23815171 68588 16366103 16434691 40249862 23899826 457114 15876 472990 23426836 68588 16366103 16434691 39861527 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, 2014 AND 2013. THE UNIVERSITYS TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR 2011 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN TRUSTS 285,436. DIRECT RENTAL EXPENSES 6,928. DIRECT FUNDRAISING EXPENSES 8,948. ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE -44,482. LOSS ON CONTRIBUTIONS & OTHER RECEIVABLES -7,122. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 16,366,103. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 6,928. DIRECT FUNDRAISING EXPENSES 8,948. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 16,366,103. 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. 0 GRAHAM PELTON CONSULTING INC 39 BIRCHWOOD RD SUMMIT NJ 07901 FUNDRAISING CONSULTING 0 0 191269 -191269 191269 -191269 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 1183 16366103 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 BENJAMIN SASSE PRESIDENT 286697 0 0 0 250 0 0 0 17996 0 304943 0 0 0 STEVEN BULLOCK VP ACADEMIC AFFAIRS 144568 0 43000 0 0 0 4590 0 17649 0 209807 0 0 0 JODI BENJAMIN VP FINANCE AND ADMIN 107983 0 27500 0 0 0 3371 0 17922 0 156776 0 0 0 PART I, LINE 1B PER AN AGREEMENT WITH THE YMCA, ALL FULL TIME EMPLOYEES OF MIDLAND UNIVERSITY ARE PROVIDED A FREE MEMBERSHIP TO THE YMCA AT NO COST TO THE UNIVERSITY. A NEBRASKA EDUCATIONAL FINANCE AUTHORITY 521293953 63966PKC7 2003-05-07 6297928 CAPITAL IMPROVEMENTS 0 0 0 B NEBRASKA EDUCATIONAL FINANCE AUTHORITY 521293953 63966PNK6 2004-12-16 10337393 CAPITAL IMPROVEMENTS 0 0 0 A 50000 6353534 630234 24908 125812 5572580 2004 0 0 1 1 B 1870000 10746087 816208 46175 195270 9688434 2006 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 1 MBIA INC 26.400000000000 1 0 1 B 0 0 0 1 0 0 1 SEE PART VI 1 1 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NEBRASKA EDUCATIONAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2013 ISSUER NAME: NEBRASKA EDUCATIONAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/30/2011 PART II, LINE 3 - THE TOTAL PROCEEDS DO NOT AGREE TO THE ISSUE PRICE IN PART I, COLUMN (E) DUE TO THE INVESTMENT EARNINGS. PART IV, COLUMN B, LINE 5B - CONSTRUCTION FUND - MORGAN STANLEY FLEXIBLE AGREEMENTS INC.; RESERVE FUND - MORGAN STANLEY FLEXIBLE AGREEMENTS, INC. PART IV, COLUMN B, LINE 5C - CONSTRUCTION FUND - 2.0 YEARS; RESERVE FUND - 24.8 YEARS. INSPRO INC BOARD MEMBER OF THE UNIVERSITY IS AN OWNER OF INSPRO, INC 40000 INSPRO, INC, OWNED IN PART BY RANDY EIKMEIER, A BOARD MEMEBER OF THE UNIVERSITY, RECEIVED APPROXIMATELY $40,000 IN COMMISSION REVENUE FROM THE UNIVERSITY. 0 MELISSA SASSE EMPLOYEE OF THE UNIVERSITY AND SPOUSE OF A BOARD MEMBER 21333 MELISSA SASSE, AN EMPLOYEE OF THE UNIVERSITY, IS MARRIED TO BENJAMIN SASSE, A BOARD MEMBER. MELISSA RECEIVED $21,333 IN COMPENSATION DURING THE YEAR. 0 X 42297 FAIR MARKET VALUE X ANNUALS AND R 1 16021 FAIR MARKET VALUE X 2 HPLC MACHIN 1 6000 FAIR MARKET VALUE X AIRLINE TRAVE 1 5038 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 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 285,436. ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE -44,482. LOSS ON CONTRIBUTIONS & OTHER RECEIVABLES -7,122. 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 12500 BOOK COST/EXPENSE