2012-03-01T10:45:29-06:00 2011-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2010-07-01 344431169 THE UNIVERSITY OF FINDLAY UNIV 4194344524 1000 North Main Street Findlay OH 45840 MARTIN TERRY 2012-02-23 true 6144690001 2010 2016-02-24 21:20:13Z C RICHARD BECKETT 1000 N Main St Findlay OH 45840 128447138 false X WWW.FINDLAY.EDU X 1882 OH THE MISSION OF THE UNIVERSITY OF FINDLAY IS TO EQUIP OUR STUDENTS FOR MEANINGFUL LIVES AND PRODUCTIVE CAREERS. 44 38 2172 200 -1726 -12763 12135136 11549194 105723926 109372735 1341545 2836673 1549319 3191895 120749926 126950497 37093641 41243360 0 0 42938051 43751162 13657 9104 773445 29553572 31451954 109598921 116455580 11151005 10494917 140811755 150735292 55541673 50680651 85270082 100054641 THE MISSION OF THE UNIVERSITY OF FINDLAY IS TO EQUIP OUR STUDENTS FOR MEANINGFUL LIVES AND PRODUCTIVE CAREERS. false 80525998 41210360 80850387 UNIVERSITY OF FINDLAY IS A COMPREHENSIVE, PRIVATE UNIVERSITY THAT OFFERS BOTH UNDERGRADUATE AND GRADUATE STUDIES AND IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. UNIVERSITY OF FINDLAY OFFERS MORE THAN 60 AREAS OF UNDERGRADUATE STUDY AND HAS A CURRENT UNDERGRADUATE ENROLLMENT OF NEARLY 2,886 STUDENTS. SOME OF THE MORE POPULAR UNDERGRADUATE PROGRAMS INCLUDE: BUSINESS (364 STUDENTS), EDUCATION (208 STUDENTS), HEALTH PROFESSIONS (552 STUDENTS), PHARMACY (250 STUDENTS), LIBERAL ARTS (356 STUDENTS), NATURAL SCIENCE (960 STUDENTS) AND OTHER (196 STUDENTS). MANY OF THE UNIVERSITY'S PROGRAMS HAVE A NATIONAL REPUTATION INCLUDING PRE-VETERINARY MEDICINE AND EQUESTRIAN STUDIES. 13151602 33000 18134836 UNIVERSITY OF FINDLAY OFFERS A VARIETY OF GRADUATE PROGRAMS INCLUDING: MASTERS OF BUSINESS (270 STUDENTS), EDUCATION (314 STUDENTS), HEALTH PROFESSIONS SUCH AS PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND ATHLETIC TRAINING (242 STUDENTS), PHARMACY (118 STUDENTS), LIBERAL STUDIES (31 STUDENTS) AND SCIENCE (71 STUDENTS). TOTAL GRADUATE STUDENTS CURRENTLY ENROLLED ARE MORE THAN 1,046. 10846922 0 13673236 UNIVERSITY OF FINDLAY HAS MANY AUXILIARY DEPARTMENTS THAT PROVIDE SERVICES TO THEIR STUDENTS, THESE AUXILIARY DEPARTMENTS INCLUDE DORMITORIES FOR STUDENT LIVING, DINING HALLS, ATHLETIC DEPARTMENTS, CAMPUS STORES FOR STUDENTS AND THE UNIVERSITY'S ON-CAMPUS VETERINARY CLINIC. 104524522 true true false true false false true false true true true false false true true true false true false true false false false true false false false true true true false false false false false false true false true true true true false false false false false false false false true 7934 0 true 2172 true true true false false false false true true false false false false X 44 38 true false false false false false false true true false false true true true true true true true false false X DANE ERFORD 4194344524 1000 N MAIN ST FINDLAY OH 45840 DONALD STANSLOSKI 40 X 162118 0 25070 RANDALL VAN DYNE 40 X 130725 0 27022 PARTICK MALONE 40 X 137759 0 23836 PAUL SEARS 40 X 140808 0 26854 MARTIN TERRY 40 X 145876 0 26917 KATHERINE R FELL 40 X 113296 0 52390 DANIEL MAY 40 X 141292 0 29552 DAVID FERGUSON 40 X 217347 0 19620 DAVID EMSWELLER 40 X 114478 0 58297 DANE ERFORD 40 X 93868 0 10245 EDWARD ROSENBERRY 1 X 0 0 0 CHARLES YOUNGER 1 X 0 0 0 DWIGHT MILLER 1 X 0 0 0 CLIFFORD COOK 1 X 0 0 0 DENNIS BISHOP 1 X 0 0 0 JAMES APPOLD 1 X 0 0 0 L JACK RUSCILLI 1 X 0 0 0 BRIAN WASHINGTON 1 X 0 0 0 GARY HARPST 1 X 0 0 0 THOMAS WEISSLING 1 X 0 0 0 L DON MANLEY 1 X 0 0 0 WILLIAM REIST 1 X 0 0 0 ROBERT FRY 1 X 0 0 0 KARL HEMINGER 1 X 0 0 0 MARY LEHMAN 1 X 0 0 0 JAMES W WALPOLE 1 X 0 0 0 MICHAEL OXLEY 102010 - 62011 1 X 0 0 0 JOHN HAYWOOD 1 X 0 0 0 CRAIG CROTTEAU 1 X 0 0 0 C RICHARD BECKETT 1 X X 0 0 0 DAVID YATES 1 X 0 0 0 GEORGE SHOWERS 1 X 0 0 0 THOMAS LUCAS 1 X 0 0 0 RICHARD WHITE 1 X X 0 0 0 BRIAN YOUNG 1 X 0 0 0 DONALD CARTER 1 X 0 0 0 JOHN BODART 1 X 0 0 0 EDWARD J URBANIAK JR 22011 - 62011 1 X 0 0 0 JERALD CLARK 72010 - 102010 1 X 0 0 0 PENNY MOSHER 1 X 0 0 0 RICHARD LONGSDERFF 1 X 0 0 0 HAROLD WOLFE 1 X 0 0 0 RICHARD HOLLINGTON JR 1 X 0 0 0 KOTARO KAKE 1 X 0 0 0 MARK CASSIN 1 X 0 0 0 AR CHARNES 1 X 0 0 0 TIM NESLER 1 X 0 0 0 MARY ETTER DISSINGER 1 X 0 0 0 C PAUL PALMER IV 1 X 0 0 0 LYNN CHILD 1 X 0 0 0 PAMELA BEALL 1 X 0 0 0 JOANN DAVIDSON 1 X 0 0 0 FRANK COSIANO 1 X 0 0 0 D RICHARD STEPHENS 72010 - 52011 1 X 0 0 0 WILLIAM RUSE 1 X 24180 0 0 JEREMY PEMBERTON 22011 - 62011 1 X 0 0 0 AHMED EL-ZAYATY 40 X 124387 0 29028 DEBOW FREED 0 X 163478 0 17989 1709612 0 346820 34 true true false SODEXO 1000 N MAIN STREET FINDLAY OH 45840 FOOD SERVICE 2689873 ACI CONSTRUCTION 2959 SOUTH US 23 ALVADA OH 44802 CONSTRUCTION 2623308 CSI CONSTRUCTION 6851 S TOWNSHIP ROAD 54 TIFFIN OH 44883 CONSTRUCTION 909148 RCM ARCHITECTS 613 S MAIN STREET FINDLAY OH 45840 ARCHITECTS 571360 YATES & YOUNG HEATING 1501 LIMA AVENUE FINDLAY OH 45840 PLUMBING & HEATING 461266 17 94550 6644636 4810008 1726445 11549194 TUITION AND FEES 93383000 93383000 DORMITORIES 6654328 6654328 DINING HALLS 4316604 4316604 MISCELLANEOUS AUXILLARY 2316499 2316499 CAMPUS STORE 2152771 2152771 549533 549533 0 0 109372735 2312836 2312836 0 0 199432 239891 -40459 0 -40459 -40459 1685979 1162142 523837 0 523837 -1726 525563 41238 94550 94608 -53370 -53370 0 0 MISC REVENUE 2962569 2962569 INTEREST ON STUDENT ACCOUNTS 232768 232768 THEATRE TICKETS 25193 25193 65194 65194 0 0 3285724 126950497 112658459 -1726 2744570 0 41243360 41243360 0 0 871169 871169 153916 153916 32568024 27504370 4840879 222775 2001672 1596346 389641 15685 5866924 4527949 1161195 177780 2289457 1899424 375977 14056 0 113583 225 113358 109000 109000 15178 15178 9104 9104 111935 111935 6207841 5527408 657837 22596 508279 484031 24248 2707610 2495361 202278 9971 725990 618515 107475 0 2753183 2753183 1892902 1664349 205877 22676 0 321832 252654 68886 292 1414831 1354086 60745 0 4443344 4394120 49224 514603 463509 46834 4260 PURCHASE FOR RESALE 1779946 1779946 EQUIPMENT LEASES 291742 135006 156736 7540155 5661586 1665064 213505 116455580 104524522 11157613 773445 0 319988 429874 12195149 11209982 591311 1870613 3317535 2534940 1509491 1410440 838182 686727 431034 407187 137321786 43623624 88305285 93698162 19673692 22635200 12036786 14570087 0 0 1593302 1282080 140811755 150735292 16722143 14940281 2526955 2634194 25945458 23919564 3607365 4167239 6739752 5019373 55541673 50680651 X 59432256 67750845 6252180 12018468 19585646 20285328 85270082 100054641 140811755 150735292 X 10494917 4289642 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 false false false false false false true 15178 false false 15178 false 0 DIRECT CONTACT WITH LEGISLATORS FORM 990, SCHEDULE C, PART II-B, LINE 1G THE UNIVERSITY OF FINDLAY PAID A RETAINER TO A LOBBYIST FOR ASSISTANCE IN RECEIVING GRANTS FOR THE UNIVERSITY. WITH THE ASSISTANCE OF THE LOBBYIST, THE UNIVERSITY WAS ABLE TO RECEIVE SEVERAL $100,000 IN GRANTS IN PRIOR YEARS. 116650 3111224 X X X X false 21972992 699682 4800068 872930 26599812 18034477 2798763 1979042 781688 57602 21972992 24023302 735936 -6724761 0 0 0 18034477 0.00000 1.00000 0.00000 false false 7313231 7313231 93100073 23434861 69665212 0 20843371 15379662 5463709 3111224 12953887 4809101 11256010 93698162 0 0 REAL ESTATE FUNDS 1302494 F PRIVATE EQUITY FUNDS 1441338 F LIMITED PARTNERSHIPS 1890862 F HEDGE FUND OF FUNDS 9935393 F 14570087 0 FUNDS HELD IN TRUST 236750 TUITION AND ROOM ADVANCES 1368348 NDSL PROGRAM 1721420 FUNDS HELD FOR AGENCY 976218 INTEREST RATE SWAP 716637 5019373 126950497 116455080 10495417 4194595 95047 4289642 14785059 90219343 4194595 429546 4624141 85595202 111935 41243360 41355295 126950497 75434784 334499 334499 75100285 111935 41243360 41355295 116455580 Collections of art - description of collections Schedule D, Part III, Line 4 THE MAZZA MUSEUM IS DEDICATED TO COLLECTING, EXHIBITING AND PRESERVING ORIGINAL ART FROM CHILDREN'S PICTURE BOOKS. THE MUSEUM IS THE WORLD'S FIRST AND LARGEST TEACHING MUSEUM DEVOTED TO LITERACY AND THE ART OF CHILDREN'S PICTURE BOOKS. FOUNDED IN 1982, THE MUSEUM CONTAINS MORE THAN 3,000 ORIGINAL ARTWORKS. Intended uses of endowment funds Schedule D, Part V, Line 4 THE INTENDED USE OF THE ENDOWMENT FUND IS FOR SCHOLARSHIPS. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE UNIVERSITY HAS BEEN APPROVED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL TAXES ON ITS NORMAL ACTIVITIES. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF A TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2011 OR 2010, RESPECTIVELY. THE UNIVERSITY WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE UNIVERSITY HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES FOR THE YEAR ENDED JUNE 30, 2011 OR 2010, RESPECTIVELY. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2008. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. Other changes in net assets Schedule D, Part XI, Line 8 CHANGE IN VALUE OF INTEREST RATE SWAP - 95047; Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d CHANGE IN VALUE OF INTEREST RATE SWAP - 95047; RENTAL EXPENSE - 239891; FUNDRAISING EXPENSE - 94608; Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b SCHOLARSHIP EXPENSE - 41243360; Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d RENTAL EXPENSE - 239891; FUNDRAISING EXPENSE - 94608; Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b SCHOLARSHIP EXPENSE - 41243360; true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a U.S. DEPARTMENT OF LABOR: OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION, OCCUPATIONAL SAFETY AND HEALTH - SUSAN HARWOOD TRAINING. U.S. DEPARTMENT OF EDUCATION: BYRD HONORS SCHOLARSHIPS, STUDENT FINANCIAL AID CLUSTER: FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL WORK-STUDY PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL DIRECT LOAN PROGRAM, ACADEMIC COMPETITIVENESS GRANTS, NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT (SMART) GRANTS, TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANTS. U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES: PASSED THROUGH THE GREATER CINCINNATI OCCUPATIONAL HEALTH CENTER NIEHS HAZARDOUS WASTE WORKER HEALTH AND SAFETY TRAINING. U.S. DEPARTMENT OF STATE: BUREAU OF EDUCATIONAL AND CULTURAL AFFAIRS GRANT DIVISION PROFESSIONAL AND CULTURAL EXCHANGE PROGRAMS - CITIZEN EXCHANGES. U.S. DEPARTMENT OF VETERANS AFFAIRS: POST-9/11 VETERANS EDUCATIONAL ASSISTANCE. U.S. DEPARTMENT OF TRANSPORTATION PASSED THROUGH FRANKLIN COUNTY, OHIO INTERAGENCY HAZARDOUS MATERIALS PUBLIC SECTOR TRAINING AND PLANNING GRANTS. U.S. DEPARTMENT OF HOMELAND SECURITY: PASS THROUGH EASTERN KENTUCKY UNIVERSITY STATE AND LOCAL HOMELAND SECURITY TRAINING PROGRAM, PASS THROUGH WYANDOTT COUNTY, OHIO STATE AND LOCAL HOMELAND SECURITY, TRAINING PROGRAM, PASS THROUGH HANCOCK COUNTY, OHIO EMERGENCY MANAGEMENT PERFORMANCE GRANTS, PASS THROUGH THE OHIO EMERGENCY MANAGEMENT ASSOCIATION HOMELAND SECURITY GRANT PROGRAM, PASS THROUGH THE EASTERN KENTUCKY UNIVERSITY COMPETITIVE TRAINING GRANTS. RESEARCH AND DEVELOPMENT CLUSTER U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES: OCCUPATIONAL SAFETY AND HEALTH PROGRAM, PASS THROUGH THE OHIO STATE UNIVERSITY RESEARCH INSTITUTE CENTERS FOR DISEASE CONTROL AND PREVENTION - INVESTIGATIONS AND TECHNICAL ASSISTANCE. CENTRAL AMERICA AND THE CARIBBEAN 0 8 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 4475 EAST ASIA AND THE PACIFIC 0 26 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 89807 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 5 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 13909 MIDDLE EAST AND NORTH AFRICA 0 13 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 114029 NORTH AMERICA (CANADA & MEXICO ONLY) 0 18 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 22217 SOUTH AMERICA 0 1 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 2093 SOUTH ASIA 0 14 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 46546 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS 2259000 0 85 2552076 true false true true true false GOLF OUTING 135788 94550 41238 0 69445 11305 8224 0 5634 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 135788 94550 41238 0 69445 11305 8224 0 5634 94608 -53370 NONCASH PRIZES FOR GOLF OUTING SCHEDULE G, PART II, LINE 5 THE NONCASH PRIZES REPORTED IN SCHEDULE G CONSIST OF NONCASH PRIZES FOR THE 2010 AND 2011 GOLF OUTING. OF THE TOTAL NONCASH PRIZES BEING EXPENSED ON LINE 5, $44,756 IS ATTRIBUTABLE TO THE 2010 GOLF OUTING AND $24,689 IS ATTRIBUTABLE TO THE 2011 GOLF OUTING. ALL EXPENSES WERE INCURRED DURING THE CURRENT FISCAL YEAR; THEREFORE, CAUSING A TIMING DIFFERENCE OF THE EXPENSES IN THE CURRENT YEAR REPORTING FOR THE GOLF OUTING. true ENDOWMENT SCHOLARSHIPS 594 587169 MEN'S ATHLETIC SCHOLARSHIPS 190 1864307 WOMEN'S ATHLETIC SCHOLARSHIPS 119 1135629 INTERNATIONAL SCHOLARSHIPS 206 555513 OTHER SCHOLARSHIPS 2405 23193311 FEDERAL GRANTS 1737 4312983 OHIO GRANTS 570 1078152 O/S PENNSYLVANIA GRANT 34 13146 UF BUSINESS AFFILIATES 8 17904 UF BUSINESS DAY AWARD 12 11250 UF CH OF GOD TUITION ADJ 9 17000 UF COMPETITOR AWARD 261 429125 UF F/A SCHOLAR--CHORAL 103 58860 UF F/A SCHOLAR--INSTRUM 114 135736 UF F/A SCHOLAR--THEATRE 22 33550 UF FINDLAY AWARD 335 2546683 UF GRAD TUITION ADJUST 162 55280 UF INSTITUTIONAL AWARD 1456 3647593 UF INTERN TUITION WAIVER 27 309198 UF PARTICIPATING TEACHER 16 38063 UF ROOM GRANT 52 213338 UF SUPPLEMENTAL GRANT 342 565250 UF TUITION EXCHANGE 23 309842 UF VET YELLO RIBBON UNDG 25 95342 UF WINEBRENNER F/S GRANT 1 15778 VET YELLOW RIBBON MBA 1 485 VET YELLOW RIBBON PHYSTH 1 1822 VETERAN BENEFIT-ENV SCI 1 1051 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE FINANCIAL AID OFFICE NOTIFIES STUDENTS IF THEY ARE ELIGIBLE FOR SPECIFIC ENDOWMENT SCHOLARSHIPS. ONCE NOTIFIED, STUDENTS FILL OUT AN APPLICATION TO APPLY FOR THE RESPECTIVE SCHOLARSHIP. IF THE SCHOLARSHIP IS FOR A SPECIFIC PROGRAM, THE DEAN OR OTHER FACULTY MEMBER FOR THAT PROGRAM WILL REVIEW THE APPLICATIONS AND MAKE RECOMMENDATIONS TO THE FINANCIAL AID OFFICE AND WHO SHOULD RECEIVE THE AWARD. FINANCIAL AID VERIFIES AGAIN IF THE STUDENT IS STILL ELIGIBLE FOR THE AWARD AND ISSUES THE FUNDS TO THE RECOMMENDED STUDENTS. THE FINANCIAL AID OFFICE MONITORS THE USE OF THE FUNDS TO ENSURE THAT THEY ARE USED FOR THEIR INTENDED PURPOSE. X true true X X X false false false false false false false false false DONALD STANSLOSKI 160920 0 0 0 1198 0 10068 0 15002 0 187188 0 0 0 RANDALL VAN DYNE 130563 0 0 0 162 0 13610 0 13412 0 157747 0 0 0 PARTICK MALONE 137110 0 0 0 649 0 7489 0 16347 0 161595 0 0 0 PAUL SEARS 139854 0 0 0 954 0 7471 0 19383 0 167662 0 0 0 MARTIN TERRY 140546 0 0 0 5330 0 14508 0 12409 0 172793 0 0 0 KATHERINE R FELL 112604 0 0 0 692 0 11598 0 40792 0 165686 0 0 0 DANIEL MAY 140866 0 0 0 426 0 14600 0 14952 0 170844 0 0 0 DAVID FERGUSON 215661 0 0 0 1686 0 18462 0 1158 0 236967 0 0 0 DAVID EMSWELLER 114136 0 0 0 342 0 12300 0 45997 0 172775 0 0 0 AHMED EL-ZAYATY 122758 0 0 0 1629 0 10460 0 18568 0 153415 0 0 0 DEBOW FREED 162697 0 0 0 781 0 15433 0 2556 0 181467 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS. THIS BENEFIT IS CONSIDERED NONTAXABLE PURSUANT TO IRC SECTION 119. OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BKE9 2003-11-13 5095000 REFINANCE - SEE SCHEDULE O false false true OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AWQ1 2006-06-29 18260000 REFINANCE, RENOVATION, PROPERTY - SEE SCHEDULE O false false true 4820000 0 5095000 0 0 0 155089 0 0 0 0 0 2004 true false true true 3165000 0 18274731 0 0 0 275651 287663 0 7640000 0 0 2007 true false true true false false false false true 0.0000 0.0000 0.0000 true false false false false true 0.0000 0.0000 0.0000 true false true false false false false false true false true false false false false false true DESCRIPTION OF PURPOSE FORM 990, SCHEDULE K, PART I, LINE A, COLUMN F THE UNIVERSITY OF FINDLAY (THE UNIVERSITY) IS AN INTERNAL REVENUE CODE SECTION 501(C)(3) EXEMPT EDUCATIONAL ORGANIZATION THAT WAS ONE OF TWO SUCH BENEFICIARIES OF THE FOLLOWING OHIO HIGHER EDUCATIONAL FACILITY COMMISSION (THE "COMMISSION") POOLED FINANCING: $15,715,000 STATE OF OHIO HIGHER EDUCATIONAL FACILITY VARIABLE RATE DEMAND REVENUE BONDS (POOLED FINANCING 2003 PROGRAM) SERIES B ISSUED NOVEMBER 13, 2003 AS INDICATED IN COLUMN (E), $5,080,150 OF THE POOLED FINANCING BENEFITTED THE UNIVERSITY. THE OTHER BENEFICIARY OF THE POOLED FINANCING WAS OHIO DOMINICAN UNIVERSITY. THE UNIVERSITY USED THE POOLED FINANCING PROCEEDS TO ASSIST IN REFUNDING AND RETIRING THE FOLLOWING BANK DEBTS: FIFTH THIRD BANK LOAN NO. 0101983296-000000109 DATED: 1/1/2000 PRINCIPAL AMOUNT PAID WITH ISSUE PROCEEDS $661,156.93 FIFTH THIRD BANK LOAN NO. 09019982296-000000125 DATED: 1/1/2002 PRINCIPAL AMOUNT PAID WITH ISSUE PROCEEDS $227,651.71 FIFTH THIRD BANK LOAN NO. 0901983296-000000117 DATED: 1/1/2001 PRINCIPAL AMOUNT PAID WITH ISSUE PROCEEDS $510,237.73 SKY BANK NOTE NO. 1300360836 DATED: 1/1/2000 PRINCIPAL AMOUNT PAID WITH ISSUE PROCEEDS $218,834.00 SKY BANK NOTE NO. 6000250505 DATED: 1/1/2002 PRINCIPAL AMOUNT PAID WITH ISSUE PROCEEDS $1,500,827.56 FIRST FEDERAL BANK OF THE MIDWEST ACCOUNT NO. 34-4431169/66110843 DATED: 1/1/2003 PRINCIPAL AMOUNT PAID WITH ISSUE PROCEEDS $1,813,646.97 THE PROCEEDS FROM THESE LOANS HAD BEEN USED FOR CAPITAL IMPROVEMENTS CONSISTING OF THE ACQUISITION OF REAL PROPERTY THAT WAS CONVERTED TO USE AS STUDENT HOUSING AND THE RENOVATION OF STUDENT DINING FACILITIES. DESCRIPTION OF PURPOSE FORM 990, SCHEDULE K, PART I, LINE B, COLUMN F THE UNIVERSITY OF FINDLAY (THE UNIVERSITY) WAS ONE OF FOUR INTERNAL REVENUE CODE SECTION 501(C)(3) EXEMPT EDUCATION ORGANIZATIONS THAT WERE THE BENEFICIARIES OF THE FOLLOWING COMMISSION POOLED FINANCING: $36,080,000 STATE OF OHIO HIGHER EDUCATIONAL FACILITY VARIABLE RATE REVENUE BONDS (POOLED FINANCING 2006 PROGRAM) SERIES A ISSUED JUNE 29, 2006 AS INDICATED IN COLUMN (E), $18,260,000 OF THE POOLED FINANCING BENEFITTED THE UNIVERSITY. THE OTHER BENEFICIARIES OF THE POOLED FINANCING WERE THE OHIO COLLEGE OF PODIATRIC MEDICINE, URBANA UNIVERSITY AND WALSH UNIVERSITY. $10,056,686 OF THE POOLED FINANCING PROCEEDS BENEFITTING THE UNIVERSITY WAS USED TO REFUND OHIO HIGHER EDUCATIONAL FACILITY COMMISSION REVENUE BONDS ISSUED NOVEMBER 1, 1996 FOR THE BENEFIT OF THE UNIVERSITY. THOSE BONDS WERE ISSUED TO FINANCE CAPITAL EXPENDITURES FOR THE ACQUISITION, CONSTRUCTION, RENOVATION, EQUIPPING AND FURNISHING OF VARIOUS EDUCATIONAL FACILITIES, CERTAIN COMPUTER AND EQUIPMENT SYSTEMS AND OTHER CAMPUS IMPROVEMENTS. THE BALANCE OF THE POOLED FINANCING PROCEEDS BENEFITTING THE UNIVERSITY WAS USED FOR CAPITAL EXPENDITURES CONSISTING OF THE PURCHASE AND RENOVATION OF CLASSROOM FACILITIES AND OTHER REAL PROPERTY USED IN CONNECTION WITH VARIOUS DEGREE PROGRAMS. SEE STATEMENT 23500 SEE STATEMENT 40324 SEE STATEMENT 17825 CHARLES NORRIS FAMILY MEMBER OF MARY LEHMAN 64082 COMPENSATION false CHERYL CAPE FAMILY MEMBER OF DANIEL MAY 44366 COMPENSATION false CINDY FRY FAMILY MEMBER OF ROBERT FRY 26064 COMPENSATION false MICHAEL FRY FAMILY MEMBER OF ROBERT FRY 21172 COMPENSATION false KATHY CRATES FAMILY MEMBER OF LYNN CHILD 15900 COMPENSATION false FIVE UNIVERSITY INVESTORS FRANK COSIANO, TRUSTEE, IS A PART OWNER OF FIVE UNIVERSITY INVESTORS 399242 PURCHASE OF PROPERTY false AMOUNT OF GRANT AND TYPE OF ASSISTANCE SCHEDULE L, PART III, COLUMN C $40,324 DISCOUNTED TUITION $23,500 SCHOLARSHIPS $17,825 FINANCIAL AID X 3 116650 APPRAISED VALUE X 8 489896 MARKET VALUE X 2 136978 MARKET VALUE X APPLIANCE 1 7421 COST X LIVESTOCK - HORSE 26 975500 APPRAISED VALUE 28 false true false Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 C RICHARD BECKETT AND RICHARD WHITE - BUSINESS RELATIONSHIP Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, WAS PRESENTED BY OUR TAX ADVISORS TO THE AUDIT COMMITTEE. THE PRESENTATION ALLOWS THE COMMITTEE AND MANAGEMENT TO REVIEW AND PROVIDE COMMENTS AND EXPLANATIONS REGARDING CHANGES TO THE REDESIGNED FORM. THE AUDIT COMMITTEE REVIEWED AND APPROVED THE FORM 990 ON BEHALF OF THE ENTIRE GOVERNING BODY. THIS PRESENTATION WAS DONE ON FEBRUARY 9, 2012. THE FULL GOVERNING BODY RECEIVED A COPY OF THE FULL FORM 990 ELECTRONICALLY PRIOR TO THE FORM BEING SUBMITTED ELECTRONICALLY TO THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTERESTS THEY MAY HAVE WITH THE ORGANIZATION. THE VICE PRESIDENT OF BUSINESS AFFAIRS REVIEWS EACH POLICY STATEMENT SIGNED BY THESE INDIVIDUALS TO DETERMINE IF ANY CONFLICTS HAVE OCCURRED AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF A CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE COMPENSATION COMMITTEE HAS BEEN GIVEN AUTHORITY FROM THE BOARD TO REVIEW AND APPROVE THE COMPENSATION OF THE PRESIDENT AND THE TREASURER (VP OF BUSINESS AFFAIRS) OF THE UNIVERSITY. THE COMPENSATION COMMITTEE USES COMPARABILITY DATA FROM HIGHER EDUCATION SALARY SURVEYS, NOTABLE FROM THE INFORMATION PUBLISHED BY COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR). ONCE THE COMPENSATION HAS BEEN REVIEWED AND APPROVED THE DECISION IS DOCUMENTED WITHIN THE COMPENSATION COMMITTEE'S MINUTES. THE LAST REVIEW WAS PERFORMED IN FYE 2011. Public Disclosure Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. COMPENSATION PROCESS OF OTHER OFFICERS OR KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINE 15B THE COMPENSATION OF THE OFFICERS IS DETERMINED BY THE PRESIDENT. HOWEVER, THE PRESIDENT DOES NOT USE COMPARABILITY DATA. THIS PROCESS WAS LAST UNDERTAKEN IN 2009. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - 4194595; CHANGE IN VALUE OF INTEREST RATE SWAP - 95047;