MIDWAY UNIVERSITY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- MIDWAY UNIVERSITY INC (EIN 61-0444708)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-15
- IRS object ID
- 201241369349301009
- Schema version
- 2010v3.4
- 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 C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T08:04:47-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEAN DORTON ALLEN FORD PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 106 W VINE STREET SUITE 600 | AddressLine1 |
| City | LEXINGTON | City |
| State | KY | State |
| ZIP Code | 40507 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 610444708 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDWAY COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MIDW | NameControl |
| Phone | 8598465701 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 EAST STEPHENS STREET | AddressLine1 |
| City | MIDWAY | City |
| State | KY | State |
| ZIP Code | 40347 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DR ROBERT VOGEL | Name |
| Title | INTERIM PRESIDENT | Title |
| Phone | 8598465701 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LEIGH MCKEE | Name |
| Phone | 8592552341 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DR ROBERT VOGEL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 EAST STEPHENS STREET | AddressLine1 |
| City | MIDWAY | City |
| State | KY | State |
| ZIP Code | 40347 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 26093011 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MIDWAY.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1865 | YearFormation |
| State Legal Domicile | KY | StateLegalDomicile |
| Activity Or Mission Description | KENTUCKY'S ONLY COLLEGE FOR WOMEN AND A FORERUNNER IN COEDUCATIONAL ADULT ACCELERATED LEARNING. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 638 | TotalNbrEmployees |
| Total Nbr Volunteers | 78 | TotalNbrVolunteers |
| Total Gross UBI | 85794 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -35955 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4425514 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3682842 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 17863158 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 20602257 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 560260 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1066888 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 523378 | OtherRevenuePriorYear |
| Other Revenue Current Year | 708739 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 23372310 | TotalRevenuePriorYear |
| Total Revenue Current Year | 26060726 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2712334 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2667741 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9858159 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11197352 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 25008 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 20840 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 286797 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7136778 | OtherExpensePriorYear |
| Other Expenses Current Year | 10531860 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 19732279 | TotalExpensesPriorYear |
| Total Expenses Current Year | 24417793 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3640031 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1642933 | RevenuesLessExpensesCY |
| Total Assets BOY | 47917422 | TotalAssetsBOY |
| Total Assets EOY | 54929924 | TotalAssetsEOY |
| Total Liabilities BOY | 15220610 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 18033439 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 32696812 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 36896485 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MIDWAY COLLEGE IS A FULLY-ACCREDITED LIBERAL ARTS INSTITUTION OF HIGHER EDUCATION LOCATED IN MIDWAY, KENTUCKY. MIDWAY OFFERS TWO UNIQUE ACADEMIC OPPORTUNITIES: THE TRADITIONAL WOMEN'S DAY COLLEGE, AND THE SCHOOL FOR CAREER DEVELOPMENT. MIDWAY'S TRADITIONAL WOMEN'S DAY COLLEGE, KENTUCKY'S ONLY COLLEGE FOR WOMEN, PROVIDES A LIVING, LEARNING ENVIRONMENT THAT ENABLES STUDENTS TO ASSUME ROLES OF RESPONSIBILITY AND LEADERSHIP AS CONTEMPORARY WOMEN. THE COLLEGE ASSISTS EACH STUDENT IN THE DEVELOPMENT OF PERSONAL INTEGRATION AND SELF SUFFICIENCY THROUGH A STRONG LIBERAL ARTS EDUCATION AND THROUGH CAREER STUDIES, BOTH AT THE ASSOCIATE AND BACCALAUREATE DEGREE LEVELS. MIDWAY'S SCHOOL FOR CAREER DEVELOPMENT ASSISTS BOTH WOMEN AND MEN WHO ARE EMPLOYED AND OF NON-TRADITIONAL COLLEGE AGE TO EARN UNDERGRADUATE AND GRADUATE DEGREES THROUGH AN ACCELERATED EVENING PROGRAM. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13691093 | Expense |
| Revenue | 19396136 | Revenue |
| Description | THE COLLEGE ASSISTS EACH STUDENT TO DEVELOP A MEASURE OF PERSONAL INTEGRATION AND SELF-SUFFICIENCY THROUGH A STRONG LIBERAL ARTS EDUCATION AND THROUGH CAREER STUDIES BOTH AT THE ASSOCIATE AND BACCALAUREATE DEGREE LEVELS. THE COLLEGE PROVIDES A WOMEN'S DAY COLLEGE, AND A CO-EDUCATIONAL ACCELERATED DEGREE-COMPLETION PROGRAM FOR NONTRADITIONAL STUDENTS AT EXTENSION SITES AND ON CAMPUS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1108902 | Expense |
| Description | THE COLLEGE PROVIDES ACADEMIC SUPPORT TO STUDENTS IN THE FORM OF ACADEMIC ADVISORS, ACADEMIC COUNSELING, AND LIBRARY AND COMPUTER SERVICES. THE COLLEGES 13 - 1 STUDENT-FACULTY RATIO ENSURES EASY ACCESS TO AND DEVELOPMENT OF GOOD RELATIONSHIPS WITH FACULTY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3049206 | Expense |
| Description | THE COLLEGE PROVIDES STUDENTS WITH A NUMBER OF OPPORTUNITIES TO BECOME INVOLVED IN SOCIAL, RECREATIONAL, EDUCATIONAL AND CULTURAL ACTIVITIES. ANNUAL EVENTS INCLUDE HANGING OF THE GREENS AND GRADUATION FESTIVITIES. CHORALE CONCERTS AND OTHER FINE ARTS PROGRAMS ADD A CULTURAL DIMENSION TO CAMPUS LIFE. THESE PROGRAMS PROVIDE STUDENTS THE OPPORTUNITY TO SUPPLEMENT ACADEMIC LEARNING, SHARPEN LEADERSHIP SKILLS AND ACTIVELY PARTICIPATE IN THE PROCESS OF PLANNING AND ORGANIZING PROGRAMS AND EVENTS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2360807 | Expense |
| Revenue | 357181 | Revenue |
| Description | THE COLLEGE PROVIDES AUXILIARY SERVICES FOR STUDENTS AND FACULTY. THESE SERVICES INCLUDE FOOD SERVICES, RESIDENCE HALL ACTIVITIES, AND LEADERSHIP PROGRAMS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 2360807 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 357181 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 20210008 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | 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 | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | 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 | 1 | 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 | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | 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 | 107 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 638 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| 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 | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | 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 | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYEN C CREWS II | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8598465701 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 EAST STEPHENS STREET | AddressLine1 |
| City | MIDWAY | City |
| State | KY | State |
| ZIP Code | 403471112 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (42 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| MIRA S BALL | ||||||||
| LIFE TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JUDITH B ALEXANDER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR KAREN W BEARDEN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ANNE E BOLTON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| GEORGE F DUTHIE | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| EMILY T GABLE | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JOE A GRAVISS | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LINDA L GREEN | ||||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | |||
| DONNA S HALL | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| CHARLES R HEMBREE | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JANET L HUNTER | ||||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | |||
| MALCOLM W JENNINGS | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ELIZABETH L JONES | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DENISE MCCLELLAND | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DONNA R MOORE | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JAMES J O'BRIEN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| JULIANNE W PERRY | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR JAMES P ROACH | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| GEORGIA H RODES | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| FON ROGERS II | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LARRY B TAYLOR | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DAVID E SCHEURICH | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DAN D STEWART JR | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| LYLE F WOLF | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR CBAKINS SR | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| NANCY MILLENSIFER | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| ANITA M BRITTON | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| SUSAN M WALDEN | ||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |||
| DR WILLIAM DRAKE | ||||||||
| PRESIDENT | 40.00 | 227838 | 0 | 169758 | X | |||
| DR SARAH LAWS | ||||||||
| PROVOST | 40.00 | 204566 | 0 | 25711 | X | |||
| LYEN CREWS II | ||||||||
| VP BUSINESS & FINANCE | 40.00 | 127369 | 0 | 21277 | X | |||
| WILLIAM G BROWN | ||||||||
| DEAN-SCHOOL FOR CAREER DEV | 40.00 | 104183 | 0 | 19011 | X | |||
| JAMES WOMBLES | ||||||||
| VP & DEAN OF ADMISSIONS | 40.00 | 129813 | 0 | 17389 | X | |||
| JUDITH MARCUM | ||||||||
| DEAN OF ONLINE COLLEGE | 40.00 | 106347 | 0 | 15933 | X | |||
| JEREMY SCARBROUGH | ||||||||
| VP OFFICE OF DEVELOPMENT | 40.00 | 11347 | 0 | 864 | X | |||
| ELLEN GREGORY | ||||||||
| VP OF MARKETING | 40.00 | 89806 | 0 | 12559 | X | |||
| ROY MUNDY | ||||||||
| VP OF DEVELOPMENT | 40.00 | 89898 | 0 | 12325 | X | |||
| MICHELLE PATRICK | ||||||||
| ASSOC VP DEAN OF STUDENT SERVICES | 40.00 | 34497 | 0 | 4576 | X | |||
| KAREN BEARDEN | ||||||||
| SPECIAL ASSISTANT TO THE PRESIDENT | 40.00 | 6954 | 0 | 532 | X | |||
| BARBARA KITCHEN | ||||||||
| CHAIR-NURSING | 40.00 | 106895 | 0 | 15865 | X | |||
| LANNY FOSS | ||||||||
| DEAN OF PHARMACY | 40.00 | 159785 | 0 | 21634 | X | |||
| BARRY BLEIDT | ||||||||
| DEAN OF PHARMACY | 40.00 | 109854 | 0 | 17904 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1502198 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 354806 | TotalOtherCompensation |
| Number Individuals GT100 K | 11 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LEARNING HOUSE INC | |||||
| 333 GUTHRIE STREET SUITE 200 | LOUISVILLE | KY | 40202 | ONLINE WEB SERVICES | 810000 |
| SOFTWARE INFORMATION SYSTEMS | |||||
| PO BOX 890500 | CHARLOTTE | NC | 28289 | MAINTENANCE & SERVICES | 373854 |
| LEXINGTON HERALD-LEADER | |||||
| PO BOX 630495 | CINCINNATI | OH | 45263 | ADVERTISING | 230236 |
| KENTUCKY PRESS SERVICE | |||||
| 101 CONSUMER LANE | FRANFORT | KY | 40601 | ADVERTISING | 184919 |
| DATATEL INC | |||||
| 4375 FAIR OAKS COURT | FAIRFAX | VA | 22033 | SOFTWARE MAINTENANCE & SERVICE | 160705 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| All Other Contributions | 3682842 | AllOtherContributions |
| Noncash Contributions | 1410000 | NoncashContributions |
| Total Contributions | 3682842 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| TUITION AND FEES | 900099 | 19054146 | 19054146 | ||
| AUXILIARY | 722210 | 1533767 | 66057 | $1,467,710 | |
| CAFETERIA SALES | 722320 | 14344 | 14344 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 20602257 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 205072 | TotalRevenueColumn |
| Exclusion | $205,072 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 9623 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1805 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 7818 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7818 | TotalRevenueColumn |
| Unrelated Business Revenue | 3643 | UnrelatedBusinessRevenue |
| Exclusion | $4,175 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 892296 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 30480 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 892296 | Securities |
| Other | -30480 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 861816 | TotalRevenueColumn |
| Exclusion | $861,816 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| MISCELLANEOUS INCOME | 900099 | 357181 | 357181 | |
| RECOVERIES OF LOSSES O | 900099 | 341990 | 341990 | |
| HORSE BOARDING INCOME | 721310 | 1750 | 1750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 700921 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26060726 | TotalRevenueColumn |
| Related Or Exempt Function Income | 19753317 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 85794 | UnrelatedBusinessRevenue |
| Exclusion | $2,538,773 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2667741 | Total |
| Program Services | 2667741 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1332363 | Total |
| Program Services | 1058757 | ProgramServices |
| Management And General | 247828 | ManagementAndGeneral |
| Fundraising | 25778 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9210260 | Total |
| Program Services | 7591881 | ProgramServices |
| Management And General | 1450749 | ManagementAndGeneral |
| Fundraising | 167630 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 201960 | Total |
| Program Services | 128999 | ProgramServices |
| Management And General | 64047 | ManagementAndGeneral |
| Fundraising | 8914 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 440642 | Total |
| Program Services | 250045 | ProgramServices |
| Management And General | 184318 | ManagementAndGeneral |
| Fundraising | 6279 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12127 | Total |
| Program Services | 122 | ProgramServices |
| Management And General | 12005 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17492 | Total |
| Program Services | 3773 | ProgramServices |
| Management And General | 13719 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72200 | Total |
| Program Services | 15574 | ProgramServices |
| Management And General | 56626 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20840 | Total |
| Fundraising | 20840 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125201 | Total |
| Management And General | 125201 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1380087 | Total |
| Program Services | 1303559 | ProgramServices |
| Management And General | 76528 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 907306 | Total |
| Program Services | 841339 | ProgramServices |
| Management And General | 63015 | ManagementAndGeneral |
| Fundraising | 2952 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 132531 | Total |
| Program Services | 99839 | ProgramServices |
| Management And General | 27456 | ManagementAndGeneral |
| Fundraising | 5236 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 367545 | Total |
| Management And General | 367545 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1143008 | Total |
| Program Services | 1067536 | ProgramServices |
| Management And General | 75472 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PHARMACY EXPENSE | 2218829 | 2218829 | ||
| COMPUTER SUPPLIES | 844193 | 802844 | 41349 | |
| BAD DEBT EXPENSE | 474303 | 474303 | ||
| REPAIRS & MAINTENANCE | 457286 | 206635 | 244014 | 6637 |
| FOOD SERVICES | 428484 | 419603 | 8881 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1963395 | Total |
| Program Services | 1532932 | ProgramServices |
| Management And General | 387932 | ManagementAndGeneral |
| Fundraising | 42531 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24417793 | Total |
| Program Services | 20210008 | ProgramServices |
| Management And General | 3920988 | ManagementAndGeneral |
| Fundraising | 286797 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4629 | BOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5056800 | BOY |
| EOY | 3338320 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 944531 | BOY |
| EOY | 1695080 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 562636 | BOY |
| EOY | 439162 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 285679 | BOY |
| EOY | 303941 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16514 | BOY |
| EOY | 17551 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 480896 | BOY |
| EOY | 85523 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 44736491 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17971679 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19246842 | BOY |
| EOY | 26764812 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12337498 | BOY |
| EOY | 15740612 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8767777 | BOY |
| EOY | 6334204 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 164416 | BOY |
| EOY | 164416 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49204 | BOY |
| EOY | 46303 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47917422 | BOY |
| EOY | 54929924 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2884407 | BOY |
| EOY | 3654504 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 577807 | BOY |
| EOY | 1488294 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10500000 | BOY |
| EOY | 10468902 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1258396 | BOY |
| EOY | 2421739 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15220610 | BOY |
| EOY | 18033439 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16605078 | BOY |
| EOY | 19920811 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6657581 | BOY |
| EOY | 7002360 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9434153 | BOY |
| EOY | 9973314 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32696812 | BOY |
| EOY | 36896485 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47917422 | BOY |
| EOY | 54929924 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1642933 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2556740 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $212 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 212 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| Explanation | MIDWAY COLLEGE IS A MEMBER OF THE KENTUCKY CHAMBER OF COMMERCE AND COMMERCE LEXINGTON, TO WHICH IT PAID DUES OF $2,498, $212 OF WHICH WERE ALLOCATED TO LOBBYING. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18762497 | BeginningOfYearBalance |
| Contributions | 3958710 | Contributions |
| Investment Earnings Or Losses | 3355836 | InvestmentEarningsOrLosses |
| Other Expenditures | 2822563 | OtherExpenditures |
| End Of Year Balance | 23254480 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16715097 | BeginningOfYearBalance |
| Contributions | 774029 | Contributions |
| Investment Earnings Or Losses | 1882998 | InvestmentEarningsOrLosses |
| Other Expenditures | 609627 | OtherExpenditures |
| End Of Year Balance | 18762497 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19439701 | BeginningOfYearBalance |
| Contributions | 502601 | Contributions |
| Investment Earnings Or Losses | -3047591 | InvestmentEarningsOrLosses |
| Other Expenditures | 179614 | OtherExpenditures |
| End Of Year Balance | 16715097 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.32010 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.40190 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.27800 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2577370 | OtherCostOrOtherBasis |
| Book Value | 2577370 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 29935929 | OtherCostOrOtherBasis |
| Depreciation | 10058993 | Depreciation |
| Book Value | 19876936 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8923404 | OtherCostOrOtherBasis |
| Depreciation | 6731696 | Depreciation |
| Book Value | 2191708 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3299788 | OtherCostOrOtherBasis |
| Depreciation | 1180990 | Depreciation |
| Book Value | 2118798 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 26764812 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MORTGAGE NOTES | 480168 | F |
| MINERAL INTERESTS | 961221 | F |
| ASSETS HELD IN TRUST BY OTHERS | 4892815 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 6334204 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITIES PAYABLE | $736,064 |
| ADVANCES FROM FED & STATE GOV. FOR STUDENT LOAN | $153,356 |
| INTEREST RATE SWAP AGREEMENT | $286,312 |
| LINE OF CREDIT | $1,000,000 |
| CASH ACCOUNT DEFICIT | $246,007 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2421739 | TotalOfAmounts |
| Total Revenue | 26060726 | TotalRevenue |
| Total Expenses | 24417793 | TotalExpenses |
| Excess Or Deficit For Year | 1642933 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2097683 | NetUnrealizedGLOnInvestments |
| Other | $459,057 | OtherAmount |
| Total Adjustments | 2556740 | TotalAdjustments |
| Excess Or Deficit Per FS | 4199673 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 25605456 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2097683 | NetUnrealizedGainsInvestments |
| Other Revenues | 493083 | OtherRevenues |
| Revenue Not Rptd F990 | 2590766 | RevenueNotRptdF990 |
| Revenue Subtotal | 23014690 | RevenueSubtotal |
| Investment Expenses Not Included | 125201 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 2920835 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 3046036 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 26060726 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 21405783 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 34026 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 34026 | ExpensesNotRptdF990 |
| Expenses Subtotal | 21371757 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 125201 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 2920835 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3046036 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 24417793 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | ENDOWMENT FUNDS ARE HELD BY THE COLLEGE AND USED FOR THE PURPOSE STIPULATED BY THE DONOR. CURRENTLY, THE ENDOWMENT FUNDS OF THE COLLEGE ARE DIRECTED BY DONORS TO PROVIDE TUITION SCHOLARSHIPS FOR MIDWAY COLLEGE STUDENTS AND OFFSET COMPENSATION EXPENSE OF MIDWAY COLLEGE FACULTY. IT IS MIDWAY COLLEGE'S INTENT TO COMPLY WITH THE DONORS' STIPULATIONS FOR THESE FUNDS. DURING 2011, THE COLLEGE DETERMINED THAT A CASH ACCOUNT CONSIDERED TO BE PART OF ENDOWMENT HAD NOT BEEN DISCLOSED IN THE COMPOSITION OF ENDOWMENT DISCLOSURE FOR THE YEAR ENDED JUNE 30, 3010. THE RESULT OF THIS OMISSION INCREASED TEMPORARILY RESTRICTED AND TOTAL ENDOWMENT ASSETS BY $2,056,885. PER THE AUDITED FINANCIAL STATEMENTS, THIS AMOUNT IS INCLUDED IN THE CURRENT YEAR CHANGE IN ENDOWMENT FUNDS. THIS AMOUNT IS INCLUDED IN PART V, LINE 1B FOR 2011. ACTUAL CONTRIBUTIONS TO THE ENDOWMENT FUNDS FOR 2011 IS $1,901,824. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE COLLEGE HAS EVALUATED THE TAX POSITIONS TAKEN ON ALL INCOME TAX RETURNS THAT REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES (THOSE RETURNS FILED FOR THE YEARS 2008 THROUGH 2010) AND DOES NOT BELIEVE THERE ARE ANY UNCERTAIN POSITIONS ON THOSE RETURNS THAT SHOULD IMPACT THE FINANCIAL STATEMENTS. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | ANNUITY LIABILITY ADJUSTMENT -4,629. INCREASE IN INTEREST IN ASSETS HELD IN TRUST 491,278. CHANGE IN FAIR MARKET VALUE OF INTEREST RATE SWAP AGREEMENTS -27,592. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INCREASE IN INTEREST IN ASSETS HELD BY TRUST BY OTHERS 491,278. RENTAL EXPENSES NETTED AGAINST REVENUE ON 990 1,805. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS 2,667,741. REVENUE NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 253,094. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | ANNUITY LIABILITY ADJUSTMENT 4,629. RENTAL EXPENSES NETTED AGAINST REVENUE ON 990 1,805. CHANGE IN FAIR MARKET VALUE OF INTEREST RATE SWAP 27,592. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS 2,667,741. REVENUE NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 253,094. | |
| PART V, LINE 2C TERM ENDOWMENT INCLUDES TEMPORARILY RESTRICTED FUNDS. |
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 | 1 | 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 (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | SCHEDULE E, PART I, LINE 3 | ALL PUBLIC ADVERTISEMENTS, AS WELL AS LITERATURE GIVEN TO PROSPECTIVE STUDENTS, DESCRIBES THE COLLEGE AS BEING AN EQUAL OPPORTUNITY INSTITUTION. |
| EXPLANATION OF RACIAL DISCRIMINATION | SCHEDULE E, PART I, LINE 5 | MIDWAY COLLEGE HAS ESTABLISHED A SCHOLARSHIP FUND FOR ALL MINORITY STUDENTS. MINORITY STUDENTS ARE ELIGIBLE TO RECEIVE 100% TUITION SCHOLARSHIPS. |
| EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE | SCHEDULE E, PART I, LINE 6 | THE COLLEGE ACTS AS A CONDUIT FOR DISBURSING STUDENT FINANCIAL AID PAYMENTS TO STUDENTS FROM FUNDS PROVIDED BY FEDERAL AGENCIES. THE PURPOSES OF THE FUNDS ARE DEFINED BY FEDERAL AGENCIES. THEY ARE DISBURSED BY THE COLLEGE IN ACCORDANCE WITH THOSE DEFINED PURPOSES. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | THOMAS VAN LANINGHAM | NameOfIndividual |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 651 CATAMOUNT WAY | AddressLine1 |
| City | LILBURN | City |
| State | GA | State |
| ZIP Code | 30047 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | PHONE & MAIL SOLICITATION | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 1640 | GrossReceipts |
| Amount Retained By Contractor | 20840 | AmountRetainedByContractor |
| Net To Organization | -19200 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 1640 | TotalGrossReceipts |
| Total Retained By Contractors | 20840 | TotalRetainedByContractors |
| Total Net To Organization | -19200 | TotalNetToOrganization |
| Licensed States | KY | LicensedStates |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 356 | NumberOfRecipients |
| Amount Of Cash Grant | 2667741 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT, WHICH DIRECTLY OFFSETS TUITION, FEES, ROOM AND BOARD. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 0 | SubstantiationRequired |
| 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 (3 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR WILLIAM DRAKE | |||||||||||||
| 227838 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169758 | 0 | 397596 | 0 | 0 | 0 |
| DR SARAH LAWS | |||||||||||||
| 204566 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25711 | 0 | 230277 | 0 | 0 | 0 |
| LANNY FOSS | |||||||||||||
| 159785 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21634 | 0 | 181419 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | TRAVEL FOR COMPANIONS: PRESIDENT WILLIAM B. DRAKE'S CONTRACT PROVIDES FOR THE TRAVEL OF ONE COMPANION, EITHER HIS WIFE OR CHILD. THE VALUE OF THIS TRAVEL IS INCLUDED IN HIS W-2. TAX INDEMNIFICATION AND GROSS UP PAYMENTS: PRESIDENT WILLIAM B. DRAKE IS AN ORDAINED MINISTER. FICA TAX IS NOT WITHHELD FROM HIS PAYCHECK. THE EMPLOYER PORTION OF THE FICA TAX THAT WOULD HAVE BEEN PAID ON HIS SALARY IS THEN GIVEN TO DR. DRAKE. DISCRETIONARY SPENDING ACCOUNT: PRESIDENT WILLIAM B. DRAKE HAS AN UNLIMITED DISCRETIONARY SPENDING ACCOUNT. ALL PRESIDENTIAL SPENDING IS REVIEWED BI-ANNUALLY FOR COLLEGE EXPENSE POLICY COMPLIANCE BY THE CHAIR OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. HEALTH AND SOCIAL CLUB DUES AND INITIATION FEES: GOLF CLUB DUES, CAPITAL IMPROVEMENT ASSESSMENTS AND MONTHLY REQUIRED MEAL FEES FOR PRESIDENT WILLIAM B. DRAKE, JR. ARE PAID BY MIDWAY COLLEGE. THE PERSONAL PORTION OF THE DUES IS ADDED TO PRESIDENT DRAKE'S W-2. PERSONAL SERVICES: MIDWAY COLLEGE PROVIDES WEEKLY MAID SERVICE AT PINKERTON-ROUSE HOUSE, A HISTORICAL RESIDENCE OWNED BY MIDWAY COLLEGE AND PROVIDED TO PRESIDENT WILLIAM B. DRAKE, JR. FOR PERSONAL USE. MIDWAY COLLEGE PROVIDES MEALS FOR THE PERSONAL CONSUMPTION OF PRESIDENT AND MRS. WILLIAM B. DRAKE, JR. MIDWAY COLLEGE PROVIDES PROFESSIONAL LANDSCAPING AND MAINTENANCE AT PINKERTON-ROUSE HOUSE, A HISTORICAL RESIDENCE OWNED BY MIDWAY COLLEGE AND PROVIDED TO PRESIDENT WILLIAM B. DRAKE, JR. FOR PERSONAL USE. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: MIDWAY COLLEGE PROVIDES THE PINKERTON-ROUSE HOUSE, A HISTORICAL RESIDENCE, TO PRESIDENT WILLIAM B. DRAKE, JR. FOR HIS PERSONAL USE. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF MIDWAY KENTUCKY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 616001871 | IssuerEIN |
| Date Issued | 2009-11-30 | DateIssued |
| Issue Price | 10489500 | IssuePrice |
| Description Of Purpose | REFUND PRIOR BONDS, CONSTRUCT CLASSROOM BUILDING, PURCHASE SOFTWARE SYSTEM | 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) |
|---|---|---|
| Amount Retired | 4499657 | AmountRetired |
| Amount Bond Defeased | 10521258 | AmountBondDefeased |
| Issuance Costs From Proceeds | 26065 | IssuanceCostsFromProceeds |
| Capital Expenditures | 9467595 | CapitalExpenditures |
| Amount Unspent | 1036579 | AmountUnspent |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | 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 | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.00000 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 0 | 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 | 1 | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PNC BANK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 4.700000000000 | TermOfHedge |
| Superintegrated Hedge | 0 | SuperintegratedHedge |
| Hedge Terminated | 0 | HedgeTerminated |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Loan Table LoanTable
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DR WILLIAM DRAKE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Loan | INVESTMENT | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $6,662 | OriginalPrincipalAmount |
| Balance Due | 303941 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 303941 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Real Estate Other RealEstateOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1337000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | HORSES | Description |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 72000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE NUMBER OF COMMITTEES OF THE BOARD WAS REDUCED FROM 8 TO 3. | |
| FORM 990, PART VI, SECTION B, LINE 11 | POLICY FOR REVIEWING 990: THE BOARD REVIEWED THE 990 AT A MEETING PRIOR TO FILING THE 990. | |
| A CONFLICT OF INTEREST FORM IS COMPLETED ANNUALLY AND MONITORED BY THE BOARD OF TRUSTEES LIASON. THE CONFLICT OF INTEREST POLICY WAS RE-SENT TO ALL BOARD MEMBERS WHO DID NOT RETURN THE SIGNED DOCUMENT. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. ANNUALLY, AT THE MAY MEETING OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE DELIBERATES UPON THEIR EVALUATION OF THE PRESIDENT'S PERFORMANCE AND PRESIDENTIAL COMPENSATION DATA ON COMPARABLE INSTITUTIONS FROM THE ADMINISTRATIVE COMPENSATION SURVEY PUBLISHED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) TO ESTABLISH A COMPENSATION LEVEL FOR THE COMING ACADEMIC YEAR. ALL OTHER EXECUTIVES AND KEY EMPLOYEE'S COMPENSATION IS DETERMINED BY THE PRESIDENT. PERFORMANCE EVALUATIONS ARE CONDUCTED ANNUALLY BY DEPARTMENT DIRECTORS AND VICE-PRESIDENT IN-CHARGE. THE EVALUATIONS, INCLUDING COMPENSATION INCREASES, ARE THEN FORWARDED TO THE PRESIDENT. THE BOARD OF TRUSTEES, IN THEIR ANNUAL BUDGET PROCESS, SETS A POOL FOR COMPENSATION INCREASES. THE PRESIDENT REVIEWS THE EVALUATIONS AND SUGGESTED COMPENSATION INCREASES, THEN DETERMINES EACH EMPLOYEE'S COMPENSATION INCREASE SO AS TO CONFORM IN TOTAL WITH THE POOL SET BY THE BOARD OF TRUSTEES. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE ORGANIZATION'S 990,990-T, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 2,097,683. CHANGE IN FAIR MARKET VALUE OF INTEREST RATE SWAP AGREEMENTS -27,592. ANNUITY LIABILITY ADJUSTMENT -4,629. INCREASE IN INTEREST IN ASSETS HELD IN TRUST 491,278. TOTAL TO FORM 990, PART XI, LINE 5: 2,556,740. | FORM 990, PART XI, LINE 5: |
| THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR FOR OVERSIGHT OF THE AUDIT OR SELECTION OF THE AUDITORS. | FORM 990, PART XII, LINE 2C |
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