WALSH UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WALSH UNIVERSITY (EIN 34-0868798)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-30
- IRS object ID
- 201330319349300403
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-30T15:59:42-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 340641962 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRUNER-COX LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 35429 | AddressLine1 |
| City | CANTON | City |
| State | OH | State |
| ZIP Code | 447355429 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 340868798 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALSH UNIVERSITY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WALS | NameControl |
| Phone | 3304997090 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2020 EAST MAPLE ST | AddressLine1 |
| City | NORTH CANTON | City |
| State | OH | State |
| ZIP Code | 447203396 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHELLE BROWN | Name |
| Title | VP FINANCE & BUSINESS AFFAIRS | Title |
| Phone | 3304997134 | Phone |
| Date Signed | 2013-01-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL R RIEMENSCHNEIDER | Name |
| PTIN | P00074065 | PTIN |
| Phone | 3304972000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICHARD JUSSEAUME | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2020 EAST MAPLE ST | AddressLine1 |
| City | NORTH CANTON | City |
| State | OH | State |
| ZIP Code | 447203396 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 72351078 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WALSH.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1958 | YearFormation |
| State Legal Domicile | OH | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 35 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 33 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1616 | TotalNbrEmployees |
| Total Nbr Volunteers | 310 | TotalNbrVolunteers |
| Total Gross UBI | -200993 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -200993 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3579892 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2011186 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 61684254 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 65609114 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 275773 | InvestmentIncomePriorYear |
| Investment Income Current Year | 363935 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 421044 | OtherRevenuePriorYear |
| Other Revenue Current Year | 418942 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 65960963 | TotalRevenuePriorYear |
| Total Revenue Current Year | 68403177 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 20115119 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 21529082 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 22970107 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 24781938 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 5000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 850109 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 18619616 | OtherExpensePriorYear |
| Other Expenses Current Year | 17904372 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 61709842 | TotalExpensesPriorYear |
| Total Expenses Current Year | 64215392 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4251121 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4187785 | RevenuesLessExpensesCY |
| Total Assets BOY | 93229994 | TotalAssetsBOY |
| Total Assets EOY | 95845724 | TotalAssetsEOY |
| Total Liabilities BOY | 33679434 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 32668688 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 59550560 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 63177036 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 57522378 | Expense |
| Grants | 21529082 | Grants |
| Revenue | 65609114 | Revenue |
| Description | THE UNIVERSITY PROVIDES APPROXIMATELY 3,000 STUDENTS ON SIX 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, DOCTOR OF NURSING PRACTICE, 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, AMERICAN PHYSICAL THERAPY ASSOCIATION.WALSH UNIVERSITY'S LIBRARY HOUSES 132,890 VOLUMES, 226 PAPER SUBSCRIPTIONS, 105,520 ELECTRONIC PERIODICALS, 142,705 ELECTRONIC BOOKS, 208 ELECTRONIC DATABASES, 4,066 AUDIO VISUAL TITLES ON PHYSICAL MEDIA AND 9,471 STREAMING EDUCATIONAL VIDEOS. 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 1000 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. WALSH HAS 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. DURING THE 2011-12 ACADEMIC YEAR, WALSH WAS IN CANDIDACY YEAR TWO FOR NCAA DIVISION II MEMBERSHIP, WHICH PROHIBITED THEM FROM COMPETING FOR A NATIONAL CHAMPIONSHIP. 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 HAS MOVED FROM CANDIDACY YEAR TWO TO PROBATIONARY STATUS FOR THE 2012-1013 ACADEMIC YEAR. RECENTLY, WALSH WAS ADMITTED INTO MEMBERSHIP OF THE GREAT LAKES INTERCOLLEGIATE ATHLETIC CONFERENCE OF THE NCAA II AND WILL COMPETE FOR SOME SELECTED CONFERENCE CHAMPIONSHIPS IN 2012-2013 AND FOR ALL CONFERENCE CHAMPIONSHIPS ONCE THE ATHLETICS PROGRAM IS GRANTED FULL MEMBERSHIP INTO THE NCAA II (ANTICIPATED DATE OF JULY 2013).WALSH'S NEW BIRK CENTER FOR THE ARTS OPENED IN JANUARY 2012. THE 13,002 SQUARE FOOT STRUCTURE PROVIDES A NURTURING HOME FOR THE CREATIVE ARTS ON OUR CAMPUS, SUPPORTING ACADEMIC AND CO-CURRICULAR PROGRAMS IN MUSIC, VISUAL ART, DRAMA AND DANCE. IT WILL ALSO HOUSE NEW COMMUNITY BASED PROJECTS TO PROVIDE OUTREACH IN THE ARTS TO YOUTH AS WELL AS ADULTS. CONSTRUCTION BEGAN IN MARCH 2012 ON THE 29,000 SQUARE FOOT, 69-BED RESIDENCE HALL ADDITION TO LEMMON HALL AND CONNECTS TO THAT BUILDING ON THE FIRST FLOOR. THROUGH SUITE-STYLE ACCOMMODATIONS, THE NEW ADDITION REFERRED TO AS "THE COMMONS" FOR NOW, WILL HOUSE HONORS AND INTERNATIONAL STUDENTS AS WELL AS THE INAUGURAL CLASS OF THE BROTHER BLOUIN GLOBAL SCHOLARS PROGRAM. | Description |
| Total Program Service Expense | 57522378 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 125 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1616 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | IT | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 35 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 33 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELLE BROWN VP FOR FINANCE & BUSINESS AFFAIRS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3304907134 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | WALSH UNIVERSITY INC | AddressLine1 |
| City | NORTH CANTON | City |
| State | OH | State |
| ZIP Code | 447203396 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (44 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| GERALD WALSH | |||||||
| CHAIR | 2.00 | X | 0 | 0 | 0 | ||
| DANIEL P CUNNINGHAM | |||||||
| CO-VICE-CHAIR | 2.00 | X | 0 | 0 | 0 | ||
| BR JEROME LESSARD | |||||||
| CO-VICE-CHAIR | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT F BELDEN | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| DENNIS BIERY | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| BR LEVI BOUDREAU | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| BR DANIEL CARON | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| DONALD L CASTER | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| THOMAS E CECCONI | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| MSGR JAMES CLARKE | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| FRANK D'ANGELO | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| ROGER DEVILLE | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JOHN E DOWLING | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| TIMOTHY FAUTSKO | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| GRETCHEN A GRAHAM | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| EDWARD KLEKOTKA | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JUDITH BARNES LANCASTER | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JUDGE SARA LIOI | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| GREGORY W LUNTZ | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| EDWARD A MAHONEY III | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| LEONARD MILAZZO | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| BISHOP GEORGE MURRY | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| MICHAEL A PETRECCA | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| ALFONSO REVOLLO | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| BR GUY RODDY | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| E JEFFREY ROSSI | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| EDWARD J ROTH III | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| PAUL L RUFLIN | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| DR MARK JOSEPH SHEPARD MD | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| THEODORE STULTS | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| FR JAMES SULLIVAN | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| TED SWALDO | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| BR MARCEL SYLVESTRE | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| DONALD WALKER | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| LOUIS ZACHARILLA | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| RICHARD L JUSSEAUME | |||||||
| PRESIDENT | 40.00 | 266933 | 0 | 76443 | X | ||
| LAURENCE BOVE | |||||||
| SECRETARY/PROVOST | 40.00 | 130440 | 0 | 23026 | X | ||
| PHILIP J DANIELS | |||||||
| TREASURER/VP FOR FINANCE | 40.00 | 114452 | 0 | 23831 | X | ||
| MICHELLE BROWN | |||||||
| TREASURER/VP FOR FINANCE | 40.00 | 82657 | 0 | 8540 | X | ||
| NEIL G WALSH | |||||||
| PROFESSOR/FACULTY REP. | 40.00 | 55530 | 0 | 16409 | X | ||
| CHAD COOK | |||||||
| DIVISION CHAIR OF PHYSICAL THERAPY | 40.00 | 114573 | 0 | 17431 | X | ||
| BRETT FRESHOUR | |||||||
| VP FOR ENROLLMENT | 40.00 | 107103 | 0 | 23774 | X | ||
| DALE HOWARD | |||||||
| VP FOR ATHLETICS | 40.00 | 106531 | 0 | 25158 | X | ||
| BRIDGETTE NEISEL | |||||||
| VP FOR ADVANCEMENT | 40.00 | 107468 | 0 | 25042 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1085687 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 239654 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXO INC & AFFILIATES | |||||
| 4880 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | DINING SERVICES | 2710824 |
| FRED OLIVIER CONSTRUCTION CO | |||||
| 6315 PROMWAY AVE NW | NORTH CANTON | OH | 44720 | CONSTRUCTION CONTRACTOR | 1486592 |
| MOTTER & MEADOWS | |||||
| 600 MARKET AVE N | CANTON | OH | 44702 | ARCHITECT | 153077 |
| PARAGRAPHICS INC | |||||
| 2011 29TH ST NW | CANTON | OH | 44709 | PRINTING & MAILING SERVICES | 103814 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 5580 | FundraisingEvents |
| Government Grants | 656869 | GovernmentGrants |
| All Other Contributions | 1348737 | AllOtherContributions |
| Total Contributions | 2011186 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 55154026 | 55154026 |
| SALES/SERVICE AUXILIAR | 900099 | 10455088 | 10455088 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 65609114 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 339341 | TotalRevenueColumn |
| Exclusion | $339,341 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 512651 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 794360 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -281709 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -281709 | TotalRevenueColumn |
| Unrelated Business Revenue | -45371 | UnrelatedBusinessRevenue |
| Exclusion | -$236,338 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2093702 | Securities |
| Other | 1039900 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1870981 | Securities |
| Other | 1238027 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 222721 | Securities |
| Other | -198127 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24594 | TotalRevenueColumn |
| Unrelated Business Revenue | -155622 | UnrelatedBusinessRevenue |
| Exclusion | $180,216 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 81340 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 5580 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 44533 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 36807 | TotalRevenueColumn |
| Exclusion | $36,807 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| OTHER REVENUE | 900099 | 620236 | $620,236 |
| RECOVERY OF BAD DEBTS | 900099 | 23386 | $23,386 |
| INTEREST INCOME STUDEN | 900099 | 11124 | $11,124 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9098 | TotalRevenueColumn |
| Exclusion | $9,098 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 663844 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 68403177 | TotalRevenueColumn |
| Related Or Exempt Function Income | 65609114 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -200993 | UnrelatedBusinessRevenue |
| Exclusion | $983,870 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20619 | Total |
| Program Services | 20619 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21508463 | Total |
| Program Services | 21508463 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 609264 | Total |
| Program Services | 165796 | ProgramServices |
| Management And General | 443468 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19700416 | Total |
| Program Services | 17625933 | ProgramServices |
| Management And General | 1575798 | ManagementAndGeneral |
| Fundraising | 498685 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 795184 | Total |
| Program Services | 687918 | ProgramServices |
| Management And General | 77786 | ManagementAndGeneral |
| Fundraising | 29480 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2079551 | Total |
| Program Services | 1807113 | ProgramServices |
| Management And General | 224127 | ManagementAndGeneral |
| Fundraising | 48311 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1597523 | Total |
| Program Services | 1409945 | ProgramServices |
| Management And General | 146127 | ManagementAndGeneral |
| Fundraising | 41451 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46157 | Total |
| Management And General | 46157 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 145399 | Total |
| Program Services | 200 | ProgramServices |
| Management And General | 145199 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1521446 | Total |
| Program Services | 1180371 | ProgramServices |
| Management And General | 329674 | ManagementAndGeneral |
| Fundraising | 11401 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 652455 | Total |
| Program Services | 361742 | ProgramServices |
| Management And General | 288248 | ManagementAndGeneral |
| Fundraising | 2465 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3151588 | Total |
| Program Services | 1614433 | ProgramServices |
| Management And General | 1451876 | ManagementAndGeneral |
| Fundraising | 85279 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1931189 | Total |
| Program Services | 1890197 | ProgramServices |
| Management And General | 40047 | ManagementAndGeneral |
| Fundraising | 945 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1284256 | Total |
| Program Services | 1168815 | ProgramServices |
| Management And General | 71652 | ManagementAndGeneral |
| Fundraising | 43789 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 386013 | Total |
| Program Services | 386007 | ProgramServices |
| Management And General | 6 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3333560 | Total |
| Program Services | 3325252 | ProgramServices |
| Management And General | 7791 | ManagementAndGeneral |
| Fundraising | 517 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 243814 | Total |
| Program Services | 82643 | ProgramServices |
| Management And General | 161171 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OTHER AUXILIARY | 2710741 | 2610097 | 46139 | 54505 |
| OTHER INSTRUCTIONAL EXP | 1096343 | 1081759 | 12914 | 1670 |
| OTHER ACADEMIC SUPPORT | 560329 | 181400 | 374666 | 4263 |
| DUES/MEMBERSHIPS/SUBSCR | 390215 | 293257 | 90177 | 6781 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 450867 | Total |
| Program Services | 120418 | ProgramServices |
| Management And General | 309882 | ManagementAndGeneral |
| Fundraising | 20567 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64215392 | Total |
| Program Services | 57522378 | ProgramServices |
| Management And General | 5842905 | ManagementAndGeneral |
| Fundraising | 850109 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89858 | BOY |
| EOY | 29266 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12672501 | BOY |
| EOY | 11763096 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2629034 | BOY |
| EOY | 2346956 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2369968 | BOY |
| EOY | 2716768 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2456651 | BOY |
| EOY | 2495235 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23145 | BOY |
| EOY | 24813 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62686 | BOY |
| EOY | 267271 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 100567881 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 37432509 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61248416 | BOY |
| EOY | 63135372 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7550937 | BOY |
| EOY | 8201500 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3794567 | BOY |
| EOY | 4530282 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 332231 | BOY |
| EOY | 335165 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93229994 | BOY |
| EOY | 95845724 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2533158 | BOY |
| EOY | 2864476 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 278696 | BOY |
| EOY | 353723 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28125000 | BOY |
| EOY | 26625000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2742580 | BOY |
| EOY | 2825489 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33679434 | BOY |
| EOY | 32668688 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45373234 | BOY |
| EOY | 49089932 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5394747 | BOY |
| EOY | 4946159 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8782579 | BOY |
| EOY | 9140945 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59550560 | BOY |
| EOY | 63177036 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93229994 | BOY |
| EOY | 95845724 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4187785 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -561309 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 283902 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12528287 | BeginningOfYearBalance |
| Contributions | 1147061 | Contributions |
| Investment Earnings Or Losses | 104398 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 322511 | GrantsOrScholarships |
| Other Expenditures | 126443 | OtherExpenditures |
| End Of Year Balance | 13330792 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8917193 | BeginningOfYearBalance |
| Contributions | 2173087 | Contributions |
| Investment Earnings Or Losses | 1848465 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 290332 | GrantsOrScholarships |
| Other Expenditures | 120126 | OtherExpenditures |
| End Of Year Balance | 12528287 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7189514 | BeginningOfYearBalance |
| Contributions | 1280315 | Contributions |
| Investment Earnings Or Losses | 825164 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 328229 | GrantsOrScholarships |
| Other Expenditures | 49571 | OtherExpenditures |
| End Of Year Balance | 8917193 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8003022 | BeginningOfYearBalance |
| Contributions | 818304 | Contributions |
| Investment Earnings Or Losses | -1582915 | InvestmentEarningsOrLosses |
| Other Expenditures | 48897 | OtherExpenditures |
| End Of Year Balance | 7189514 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.31700 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.68300 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1116776 | OtherCostOrOtherBasis |
| Book Value | 1116776 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 70077052 | OtherCostOrOtherBasis |
| Depreciation | 18714594 | Depreciation |
| Book Value | 51362458 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1085650 | OtherCostOrOtherBasis |
| Depreciation | 568373 | Depreciation |
| Book Value | 517277 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 16037315 | OtherCostOrOtherBasis |
| Depreciation | 13712156 | Depreciation |
| Book Value | 2325159 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12251088 | OtherCostOrOtherBasis |
| Depreciation | 4437386 | Depreciation |
| Book Value | 7813702 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 63135372 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTEREST PAYABLE | $221,101 |
| FUNDS HELD FOR OTHERS | $136,191 |
| US GOVT GRANTS REFUNDABLE | $1,122,576 |
| INTEREST RATE SWAP | $1,037,086 |
| TUITION DEPOSITS | $308,535 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2825489 | TotalOfAmounts |
| Total Revenue | 68403177 | TotalRevenue |
| Total Expenses | 64215392 | TotalExpenses |
| Excess Or Deficit For Year | 4187785 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -450297 | NetUnrealizedGLOnInvestments |
| Other | -$111,012 | OtherAmount |
| Total Adjustments | -561309 | TotalAdjustments |
| Excess Or Deficit Per FS | 3626476 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 47352665 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -450297 | NetUnrealizedGainsInvestments |
| Other Revenues | -21612872 | OtherRevenues |
| Revenue Not Rptd F990 | -22063169 | RevenueNotRptdF990 |
| Revenue Subtotal | 69415834 | RevenueSubtotal |
| Other Revenues Not Included | -1012657 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -1012657 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 68403177 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 43726189 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1019260 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1019260 | ExpensesNotRptdF990 |
| Expenses Subtotal | 42706929 | ExpensesSubtotal |
| Other Expenses Not Included | 21508463 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 21508463 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 64215392 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | 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. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| GAIN/LOSS ON DERIVATIVES -104,409. NET INCOME FROM KENTUCKY DERBY & FASHION SHOW FUNDRAISING EVENTS -6,603. TOTAL TO SCHEDULE D, PART XI, LINE 8: -111,012. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| TUITION DISCOUNTS -21,508,463. INTEREST RATE SWAP -104,409. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| RENTAL EXPENSES SHOWN ON 990 PART VIII LN 6B -794,360. FUNDRAISING EXPENSES SHOWN ON 990 PART VIII LN 8B -44,533. LOSS ON SALE OF FIXED ASSETS SHOWN ON 990 PART VIII LN 7C -198,127. REVENUE FROM KENTUCKY DERBY & FASHION SHOW FUNDRAISING EVENTS 24,363. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| RENTAL EXPENSES SHOWN ON 990 PART VIII LN 6B 794,360. FUNDRAISING EXPENSES SHOWN ON 990 PART VIII LN 8B 44,533. LOSS ON SALE OF FIXED ASSETS SHOWN ON 990 PART VIII LN 7C 198,127. EXPENSES FROM KENTUCKY DERBY & FASHION SHOW FUNDRAISING EVENTS -17,760. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| TUITION DISCOUNTS 21,508,463. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | LOCAL NEWSPAPERS AND OTHER PRINT MEDIA OF GENERAL CIRCULATION |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | 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. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE | Region |
| Number Of Offices | 1 | NumberOfOffices |
| Number Of Employees | 4 | NumberOfEmployees |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConducted |
| Specific Services Provided | INSTRUCTIONAL | SpecificServicesProvided |
| Total Expenditures | 623985 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 4 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 4 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 623985 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 623985 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | LAS VEGAS NIGHT | NameOfEvent1 |
| Gross Receipts Event1 | 32530 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 32530 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 504 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 7149 | OtherDirectExpensesEvent1 |
| Name Of Event2 | FAREY RAFFLE | NameOfEvent2 |
| Gross Receipts Event2 | 24447 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 24447 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 19120 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 2 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 29943 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 5580 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 24363 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 17760 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 86920 | GrossReceiptsTotal |
| Charitable Contributions Total | 5580 | CharitableContributionsTotal |
| Gross Revenue Total Events | 81340 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 504 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 44029 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 44533 | DirectExpenseSummaryEvents |
| Net Income Summary | 36807 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| SCHOLARSHIPS FOR STUDENTS | 1888 | 19686705 |
| DISCOUNTS ON TUITION FOR STUDENTS | 298 | 1821758 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD L JUSSEAUME | |||||||||||||
| 180545 | 0 | 30000 | 0 | 56388 | 0 | 51419 | 0 | 25024 | 0 | 343376 | 0 | 0 | 0 |
| LAURENCE BOVE | |||||||||||||
| 129183 | 0 | 0 | 0 | 1257 | 0 | 9234 | 0 | 13792 | 0 | 153466 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | 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. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OHIO HIGHER EDUCATION EDUCATION FACILITY COMMISSION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 346849674 | IssuerEIN |
| Date Issued | 2009-11-19 | DateIssued |
| Issue Price | 30000000 | IssuePrice |
| Description Of Purpose | REFUNDING ISSUE | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 30000000 | TotalProceeds |
| Year Of Subst Completion | 2007 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 1 | MngmentCntrctBondFinancdPrprty |
| Engage Bond Counsel Contracts | 1 | EngageBondCounselContracts |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00240 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00800 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.01040 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| AULTCARE INSURANCE COMPANY | |||
| EDWARD ROTH III IS A BOARD MEMBER OF WALSH AND EXECUTIVE VP OF AULTCARE | 772550 | 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 | 111561 | 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 | 305729 | SEE DESCRIPTION FOR AULTCARE. | 0 |
| (no name) | |||
| 0 | |||
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 THE SPRING OF 2007, THE CURRENT COMPENSATION COMMITTEE WAS FORMED TO AMEND THE PRESIDENT'S CONTRACT. THE COMMITTEE CONSISTS OF THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE VICE-CHAIRMAN OF THE BOARD OF DIRECTORS, THE FINANCE AND AUDIT COMMITTEE CHAIRMAN, AND THE VP OF FINANCE AND BUSINESS AFFAIRS/CFO. ADDITIONAL INPUT CAME 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; THE NAICU PRESIDENTS NETWORK SALARY SURVEY, THE CUPA-HR ADMINISTRATIVE COMPENSATION SURVEY, CONSULTING AND LEGAL SERVICES. EACH YEAR THE CHAIRMAN AND VICE-CHAIRMAN OF THE BOARD APPROVE THE PRESIDENT'S BONUS. THE COMMITTEE WOULD ONLY CONVENE IF THE PRESIDENT WAS BEING AWARDED A HIGHER PERCENTAGE OF INCREASE THAN THE REST OF THE FACULTY AND STAFF OF THE UNIVERSITY. EACH YEAR ALL CONTRACT ADJUSTMENTS AND BONUS ALLOCATIONS ARE APPROVED BY THE BOARD OF DIRECTORS AT THE MAY BOARD MEETING THROUGH THE APPROVAL OF THE NEXT YEAR'S OPERATING BUDGET. | |
| 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 VII, SECTION A | PHILIP DANIELS LEFT UNIVERSITY IN MARCH 2012. MICHELLE BROWN WAS PROMOTED TO TREASURER/VP OF FINANCE AND BUSINESS AFFAIRS AND BEGAN NEW POSITION IN APRIL 2012. | REASON TWO TREASURERS LISTED |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -450,297. GAIN/LOSS ON DERIVATIVES -104,409. NET INCOME FROM KENTUCKY DERBY & FASHION SHOW FUNDRAISING EVENTS -6,603. TOTAL TO FORM 990, PART XI, LINE 5: -561,309. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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