2014-04-14T22:57:47-05:00 2013-05-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2012-06-01 470376551 MIDLAND UNIVERSITY MIDL 4027215480 900 NORTH CLARKSON STREET FREMONT NE 68025 JODI BENJAMIN 4029416142 2014-03-25 1 LAWRENCE H MOHR CPA P00447603 6128764500 2012 2015-11-30 17:44:51Z JODI BENJAMIN 900 NORTH CLARKSON STREET FREMONT NE 68025 42845350 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 OF 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 9 744 100 0 0 8785946 9389376 26766649 31622381 250651 295063 1742463 13628 37545709 41320448 12590593 14900353 0 0 9843356 10916704 0 0 604627 8817140 9613680 31251089 35430737 6294620 5889711 52014790 56495558 25249537 22615507 26765253 33880051 MIDLAND UNIVERSITY INSPIRES PEOPLE TO LEARN AND LEAD IN THE WORLD WITH PURPOSE. 0 0 20135413 14900353 27293390 INSTRUCTION MIDLAND UNIVERSITY OFFERS MULTIPLE DEGREES INCLUDING BACHELORS DEGREES IN BUSINESS, EDUCATION AND NURSING, AS WELL AS A MASTERS IN ACCOUNTING AND EDUCATION. THE 2012-2013 ENROLLMENT WAS 46 NON TRADITIONAL UNDERGRADUATE STUDENTS, 1051 TRADITIONAL STUDENTS IN THE FALL, 39 NON-TRADITIONAL AND 963 TRADITIONAL STUDENTS IN THE SPRING, AND 67 GRADUATE STUDENTS. 5974411 660860 ACADEMIC SUPPORT ACADEMIC SUPPORT INCLUDES THE LIBRARY, ADMISSIONS, FINANCIAL AID, INFORMATION TECHNOLOGY AND THOSE FUNCTIONS THAT DIRECTLY SUPPORT INSTRUCTION. 3482618 3668131 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. 618 STUDENTS RESIDED IN STUDENT HOUSING DURING FALL 2012 AND 531 STUDENTS DURING SPRING 2013. 29592442 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 96 0 744 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 BENJAMIN SASSE 40.00 0.00 X X 280641 0 20194 MILO ANDERSON 1.00 1.00 X 0 0 0 PATRICK BOOTH 1.00 1.00 X 0 0 0 MIKE JACOBSON 1.00 1.00 X 0 0 0 DEREK LEWIS 1.00 1.00 X 0 0 0 GARY PERKINS 1.00 1.00 X 0 0 0 JENNIFER PETERSON 1.00 1.00 X 0 0 0 STEVE PRIBNOW 1.00 1.00 X 0 0 0 GRETCHIN RITOLA 1.00 1.00 X 0 0 0 RYAN TALIAFERRO 1.00 1.00 X 0 0 0 JODI BENJAMIN 40.00 0.00 X 103900 0 23398 STEVEN BULLOCK 40.00 0.00 X 170810 0 24115 ELIZA FERZELY 40.00 0.00 X 88367 0 8077 643718 0 75784 4 0 1 0 SODEXO 731 21ST AVENUE SOUTH MINNEAPOLIS MN 55454 FOOD AND CUSTODIAL SERVICES 1672838 1 10150 472924 8906302 5005 9389376 TUITION AND FEES 611710 27293390 27293390 AUXILIARY ENTERPRISES 611710 3668131 3668131 OTHER REVENUES 611710 308375 308375 SUMMER FINE ARTS 611710 127108 127108 CONFERENCES 611710 108997 108997 116380 116380 31622381 281669 281669 24096 8190 15906 15906 15906 1521816 1507654 768 14162 -768 13394 13394 6012 10150 8290 -2278 -2278 41320448 31622381 0 308691 14900353 14900353 737257 527388 187868 22001 7788489 5571400 1984664 232425 157449 112629 40121 4699 1695141 1212598 431956 50587 538368 385115 137187 16066 42466 30378 10821 1267 61938 44307 15783 1848 74397 53219 18958 2220 294765 216787 77225 753 219884 157291 56031 6562 681497 487501 173659 20337 367487 262877 93643 10967 1124547 804431 286557 33559 94640 67700 24116 2824 904478 647007 230479 26992 1190609 851688 303391 35530 270729 193663 68987 8079 FOOD SERVICE 1066122 762637 271670 31815 ATHLETICS 1049946 751066 267547 31333 BUILDING GROUNDS & MAIN 872764 624321 222398 26045 INSTRUCTION 527916 377638 134524 15754 769495 550448 196083 22964 35430737 29592442 5233668 604627 4350620 5263167 4335605 7420225 280284 336390 3872014 3658764 17716 0 44000492 18228914 26638869 25771578 6332591 7804130 0 0 6187091 6241304 52014790 56495558 1991875 1863722 2499059 2228806 394271 491355 17515000 16965000 1814210 0 362972 371560 672150 695064 25249537 22615507 X 8824294 10168897 2465134 7793242 15475825 15917912 26765253 33880051 52014790 56495558 X 5889711 1204492 20595 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 4084 0 0 0 4084 0 EXPLANATION OF LOBBYING ACTIVITIES: 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. 14658151 268196 1310232 16236579 14550680 169770 -110278 -47979 14658151 12300319 237746 1850034 -162581 14550680 12726196 449736 2120696 772119 2224190 12300319 16441968 1022445 -3680853 1057364 12726196 0.08410 0.78180 0.13410 0 0 3087177 3087177 136613 35362110 13512845 21985878 5414592 4716069 698523 25771578 CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 401590 DEFERRED DEBT ACQUISITION COSTS 301520 BENEFICIAL INTEREST IN TRUST 3673837 DEPOSITS HELD BY TRUSTEES 1820980 ACCRUED INTEREST & OTHER ASSETS 43377 6241304 ANNUITIES PAYABLE 260683 ASSET RETIREMENT OBLIGATION 400200 CAPITAL LEASE OBLIGATIONS 34181 695064 X 27589215 1204492 37075 1241567 26347648 72447 14900353 14972800 41320448 20474417 16480 16480 20457937 72447 14900353 14972800 35430737 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: MIDLAND UNIVERSITY'S ENDOWMENT FUND IS USED TO SUPPORT STUDENTS WITH SCHOLARSHIP FUNDS AND VARIOUS OTHER INSTRUCTIONAL PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013 AND 2012. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR 2010 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN TRUSTS 184,404. DIRECT RENTAL EXPENSES 8,190. DIRECT FUNDRAISING EXPENSES 8,290. ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE -80,662. LOSS ON CONTRIBUTIONS & OTHER RECEIVABLES -83,147. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 14,900,353. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 8,190. DIRECT FUNDRAISING EXPENSES 8,290. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS & SCHOLARSHIPS 14,900,353. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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. MLC GOLF CLASSIC 16162 10150 6012 1609 6498 183 16162 10150 6012 1609 6498 183 8290 -2278 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS- SEE COLLEGE FOR DETAILED LIST 1183 14900353 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 0 X X X 0 0 0 0 0 0 0 0 0 BENJAMIN SASSE 234991 0 0 0 45650 0 0 0 20194 0 300835 0 0 0 STEVEN BULLOCK 145310 0 25500 0 0 0 4590 0 19525 0 194925 0 0 0 PART I, LINE 1A HEALTH CLUB BENEFITS ARE PROVIDED TO ALL EMPLOYEES. PART I, LINE 1B MIDLAND UNIVERSITY DOESN'T HAVE A REIMBURSEMENT POLICY REGARDING THE HEALTH CLUB BENEFIT DUE TO THE FACT THAT THIS ISN'T A REIMBURSABLE EXPENSE, BUT RATHER AN EMPLOYEE BENEFIT PROVIDED TO ALL OF OUR EMPLOYEES. 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 40000 6353380 630080 24908 125812 5572580 2004 0 0 1 1 B 1565000 10745779 815900 46175 195270 9688434 2006 0 0 1 1 A 0 0 0 0 1 0 1 B 0 0 0 0 1 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 V 1 1 1 A 1 B 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C 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. X 1 5005 FAIR MARKET VALUE 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): NUMBER OF DONORS 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 MANAGEMENT'S SALARY WHEN THERE IS A NEW HIRE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST IF DEEMED REASONABLE BY THE INSTITUTION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN TRUSTS 184,404. ACTUARIAL ADJUSTMENT ON ANNUITIES PAYABLE -80,662. LOSS ON CONTRIBUTIONS & OTHER RECEIVABLES -83,147. 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 N/A 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 P 12500 BOOK COST/EXPENSE