2011-02-14T09:00:10-06:00 2010-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2009-07-01 344431169 THE UNIVERSITY OF FINDLAY UNIV 4194344524 1000 NORTH MAIN STREET FINDLAY OH 45840 MARTIN TERRY 2011-02-13 true 6144690001 2009 2016-02-24 21:20:13Z C RICHARD BECKETT 1000 N MAIN ST FINDLAY OH 45840 122229046 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. 43 37 2235 200 156377 -95087 9654439 12135136 100358249 105723926 -1646413 1341545 1890082 1549319 110256357 120749926 34751267 37093641 0 0 41391696 42938051 3200 13657 774409 29135878 29553572 105282041 109598921 4974316 11151005 129370539 140811755 57693031 55541673 71677508 85270082 THE MISSION OF THE UNIVERSITY OF FINDLAY IS TO EQUIP OUR STUDENTS FOR MEANINGFUL LIVES AND PRODUCTIVE CAREERS. false false 74958867 37093641 75317529 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 2,825 STUDENTS. SOME OF THE MORE POPULAR UNDERGRADUATE PROGRAMS INCLUDE: BUSINESS (373 STUDENTS), EDUCATION (243 STUDENTS), HEALTH PROFESSIONS (537 STUDENTS), PHARMACY (242 STUDENTS), LIBERAL ARTS (343 STUDENTS), NATURAL SCIENCE (962 STUDENTS) AND OTHER (125 STUDENTS). MANY OF THE UNIVERSITY'S PROGRAMS HAVE A NATIONAL REPUTATION INCLUDING PRE-VETERINARY MEDICINE AND EQUESTRIAN STUDIES. 12846868 0 18715491 UNIVERSITY OF FINDLAY OFFERS A VARIETY OF GRADUATE PROGRAMS INCLUDING: MASTERS OF BUSINESS (460 STUDENTS), EDUCATION (402 STUDENTS), HEALTH PROFESSIONS SUCH AS PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND ATHLETIC TRAINING (193 STUDENTS), PHARMACY (51 STUDENTS), LIBERAL STUDIES (58 STUDENTS) AND SCIENCE (104 STUDENTS). TOTAL GRADUATE STUDENTS CURRENTLY ENROLLED ARE MORE THAN 1,268. 10380066 0 13192522 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. 0 0 0 98185801 true true false true false false true false true true true false true false true false false false true false false false true true true false false false false false false false false true true true true false false false false false false false true 312 0 true 2235 true true true false false false false false false false false 43 37 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 C RICHARD BECKETT 1 X X 0 0 0 RICHARD WHITE 1 X X 0 0 0 C DARRELL PRICHARD 1 X 0 0 0 ERIC KURJAN 1 X 0 0 0 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 1 X 0 0 0 JOHN HAYWOOD 1 X 0 0 0 CRAIG CROTTEAU 1 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 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 1 X 0 0 0 JERALD CLARK 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 1 X 2960 0 0 WILLIAM RUSE 1 X 20475 0 0 MARTIN TERRY 40 X 153994 0 26571 DEBOW FREED 40 X 265038 0 68022 DANIEL MAY 40 X 140273 0 424 DAVID FERGUSON 40 X 196533 0 20451 DAVID EMSWELLER 40 X 113735 0 11358 DANE ERFORD 40 X 92868 0 666 DONALD STANSLOSKI 40 X 154148 0 21822 RANDALL VAN DYNE 40 X 132043 0 23201 PARTICK MALONE 40 X 131720 0 20725 SRIKUMARAN MELETHIL 40 X 132053 0 12174 PAUL SEARS 40 X 140560 0 22282 1676400 0 227696 24 false true false SODEXO INC 1000 N MAIN STREET FINDLAY OH 45840 FOOD SERVICE 2697581 VAUGHN INDUSTRIES PO BOX 633286 CINNCINNATI OH 45263 CONSTRUCTION 1076370 ACI CONSTRUCTION COMPANY INC 2959 SOUTH US 23 ALVADA OH 44802 CONSTRUCTION 582908 CSI CONSTRUCTION SERVICES INC 13860 TWP HWY 42 CAREY OH 43316 CONSTRUCTION 286882 YATES YOUNG PLUMBING HEATING 1501 LIMA AVE FINDLAY OH 45840 PLUMBING AND HEATING 285160 19 0 0 66963 0 6117928 5950245 2220127 12135136 TUITION AND FEES 90090001 90090001 0 0 DORMITORIES 6309795 6309795 0 0 DINING HALLS 4092057 4092057 0 0 VETERINARY SERVICES 495447 495447 0 0 INTERCOLLEGIATE ATHLETICS 68780 68780 0 0 4667846 4667846 0 0 105723926 1124130 0 0 1124130 0 0 0 0 0 0 0 0 212170 0 287087 0 -74917 0 -74917 0 0 -74917 1332954 0 1115539 0 217415 0 217415 0 0 217415 42737 66963 76494 -33757 0 0 -33757 0 0 0 0 0 0 0 0 0 0 0 0 MISC REVENUE 1119789 1119789 0 0 UF CLAUSS ICE RINK INCOME 713990 156377 0 156377 0 INTEREST ON STUDENT ACCOUNTS 291431 291431 0 0 90396 90396 0 0 1657993 120749926 107225542 156377 1232871 0 0 37093641 37093641 0 0 0 0 1125590 0 1125590 0 83788 83788 0 0 31623241 26809968 4572983 240290 1920073 1528326 372964 18783 5967247 4367289 1356917 243041 2218112 1834524 368476 15112 0 0 0 0 69121 0 69121 0 97500 0 97500 0 56987 56987 0 0 13657 13657 195022 0 195022 0 3176623 2654143 514576 7904 491134 491134 0 0 5726026 5196907 464656 64463 642395 574080 68315 0 0 0 0 0 2630631 2630631 0 0 1543044 1415976 120459 6609 0 0 0 0 299127 258652 40034 441 1565891 1516494 408 48989 0 0 0 0 4220424 4144794 75630 0 0 0 0 0 MISCELLANEOUS 3942727 2916295 911312 115120 CONTRACTED FOOD SERVICE 2307512 2307445 67 0 PURCHASE FOR RESALE 1440840 1440840 0 0 LEASES 1148568 863887 284681 0 0 0 0 0 0 0 0 0 109598921 98185801 10638711 774409 0 0 0 0 417477 319988 8876413 12195149 603063 591311 3351571 3317535 0 0 0 0 1679826 1509491 806795 838182 371993 431034 129468329 41163044 82112679 88305285 16488538 19673692 11354196 12036786 0 0 0 0 3307988 1593302 129370539 140811755 15391006 16722143 0 0 2698948 2526955 28360000 25945458 0 0 0 0 4152610 3607365 0 0 7090467 6739752 57693031 55541673 X 51472331 59432256 3418294 6252180 16786883 19585646 0 0 0 0 0 0 71677508 85270082 129370539 140811755 X false true true X true true X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 56987 false false 56987 false 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. 0 2642474 X X X X false 18034477 2798763 1979042 781688 57602 21972992 24023302 735936 -6724761 0 0 0 18034477 0 0.8914 0.1086 false false 0 7053231 7053231 0 86028723 21693856 64334867 0 0 0 0 0 21034131 15167249 5866882 2642474 12709770 4301939 11050305 88305285 0 0 ALTERNATIVE INVESTMENTS 12036786 F 12036786 0 FUNDS HELD IN TRUST 1944287 TUITION AND ROOM ADVANCES 1466498 NDSL PROGRAM 1673383 FUNDS HELD FOR AGENCY 843900 INTEREST RATE SWAP 811684 6739752 120749926 109598921 11151005 2649568 0 0 0 -207999 2441569 13592574 86669434 2649568 0 0 363581 3013149 83656285 0 37093641 37093641 120749926 73076860 0 0 0 571580 571580 72505280 0 37093641 37093641 109598921 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 footnote Schedule D, Part X, Line 2 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, 2010. 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, 2010. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2007. 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 FAIR VALUE OF INTEREST RATE SWAP - -207999; OTHER - 0; TOTAL - -207999 Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d SPECIAL EVENT EXPENSES - 76494; RENTAL EXPENSE - 287087; OTHER - 0; TOTAL - 363581 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b SCHOLARSHIP EXPENSE - 37093641; OTHER - 0; TOTAL - 37093641 Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d SPECIAL EVENT EXPENSES - 76494; RENTAL EXPENSE - 287087; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP - 207999; OTHER - 0; TOTAL - 571580 Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b SCHOLARSHIP EXPENSE - 37093641; OTHER - 0; TOTAL - 37093641 true true true CLEARLY DEFINED IN ALL UNIVERSITY LITERATURE true true true true false false false false false false false false true false true CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 1216 EAST ASIA AND THE PACIFIC 0 18 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 172588 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 5 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 22517 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 11414 NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 10169 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 14062 SOUTH AMERICA 0 0 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 9415 SOUTH ASIA 0 19 PROGRAM SERVICES RECRUITING/ACADEMICS/ATHLETICS 86873 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS 0 0 42 328254 GOLF OUTING 109700 66963 42737 0 0 0 75679 0 815 109700 66963 42737 0 0 0 75679 0 815 76494 -33757 true ENDOWMENT SCHOLARSHIPS 680 628041 MEN'S ATHLETIC SCHOLARSHIPS 204 1877185 WOMEN'S ATHLETIC SCHOLARSHIPS 117 1109043 INTERNATIONAL SCHOLARSHIPS 201 430948 OTHER SCHOLARSHIPS 80 332998 FED ACG YEAR 1 98 65403 FED ACG YEAR 2 62 78000 FED TEACH GRANT 36 114000 FEDERAL PELL GRANT 831 3087819 FEDERAL SUPPLE. GRANT 564 454768 O/S BEST GRNT--EDUCATION 28 38640 O/S G MOSS SCHOLARSHIP 23 25000 O/S OFIC SCHOLARSHIP 34 52471 O/S OUTSIDE AID EXPECTED 15 18622 O/S OUTSIDE SCHOLARSHIP 371 734825 O/S PENNSYLVANIA GRANT 39 17742 OHIO ACADEMIC SCHOLAR 29 56000 OHIO CHOOSE OHIO FIRST 30 128240 OHIO COLLEGE OPPOR GRANT 452 904092 UF CH OF GOD TUITION ADJ 10 20000 UF COMPETITOR AWARD 242 457313 UF DEAN'S SCHOLARSHIP 643 6036950 UF F/A SCHOLAR--CHORAL 90 51563 UF F/A SCHOLAR--INSTRUM 110 138825 UF F/A SCHOLAR--THEATRE 23 34000 UF FINDLAY AWARD 367 2623811 UF GRAD TUITION ADJUST 208 94723 UF INSTITUTIONAL AWARD 1289 1932740 UF OCOG REPLACEMENT 239 175977 UF PRESIDENT'S SCHOLAR 780 8843255 UF ROOM GRANT 54 418927 UF SUPPLEMENTAL GRANT 329 539900 UF TRUSTEES' SCHOLAR 423 5291250 UF TUITION EXCHANGE 22 280570 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 153301 0 0 0 847 0 7859 0 13963 0 175970 0 0 0 RANDALL VAN DYNE 131881 0 0 0 162 0 13510 0 9691 0 155244 0 0 0 PARTICK MALONE 131282 0 0 0 438 0 6488 0 14237 0 152445 0 0 0 PAUL SEARS 139606 0 0 0 954 0 7421 0 14861 0 162842 0 0 0 MARTIN TERRY 138548 0 10000 0 5446 0 13508 0 13063 0 180565 0 0 0 DEBOW FREED 260736 0 0 0 4302 0 26112 0 41910 0 333060 0 0 0 DAVID FERGUSON 195579 0 0 0 954 0 19635 0 816 0 216984 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 OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AWQ1 2006-06-29 18260000 REFINANCE, RENOVATION, PROPERTY - SEE SCHEDULE O false false 5095000 0 4939911 0 155089 0 0 2004 true false true true 18274731 0 10056686 0 563314 0 7640000 2007 true false true true false false false false true 0.000 0.000 0.000 true false false false false true 0.000 0.000 0.000 true false true false 0.0 0.0 false true false true false 0.0 false 0.0 false true W B REALTY LTD BOARD MEMBERS, RICHARD WHITE & RICHARD BECKETT, EACH OWN 50% OF W & B REALTY LTD. 329327 LEASE PAYMENTS $156,000 AND PURCHASE OF BLDG $173,327 false HUNTINGTON BANK BOARD MEMBER, THOMAS WEISSLING, IS THE EXECUTIVE PRESIDENT OF HUNTINGTON BANK 286815 INSURANCE false CINDY FRY FAMILY MEMBER OF ROBERT FRY 25065 COMPENSATION false MICHAEL FRY FAMILY MEMBER OF ROBERT FRY 31200 COMPENSATION false KATHY CRATES FAMILY MEMBER OF LYNN CHILD 15210 COMPENSATION false X 372 394400 APPRAISED VALUE X 2630 128450 MARKET VALUE X 2 719726 MARKET VALUE X 1 15600 APPRAISED VALUE X LIVESTOCK - HORSES 26 952451 APPRAISED VALUE X PIANO 1 9500 26 false true true Third parties used to solicit, process, or sell noncash contributions Schedule M, Part I, Line 32a THE UNIVERSITY OF FINDLAY USES A BROKER TO SELL DONATED STOCKS RECEIVED. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 RICHARD WHITE - BUSINESS RELATIONSHIP; RICHARD BECKETT - BUSINESS RELATIONSHIP; Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A 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 10, 2011. 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 2009 AS THE COMPENSATION COMMITTEE DID NOT MEET DURING FYE 2010. 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. Financial aid or assistance from a governmental agency Schedule E, Line 6a U.S. DEPARTMENT OF JUSTICE: PASSED THROUGH THE OHIO DEPARTMENT OF PUBLIC SAFETY, EDWARD BYRNE MEMORIAL JUSTICE ASSISTANCE GRANT PROGRAM. 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 FAMILY EDUCATION LOANS, FEDERAL WORK-STUDY PROGRAM, FEDERAL PERKINS LOAN PROGRAM, FEDERAL PELL GRANT PROGRAM, FEDERAL DIRECT LOANS, 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, PASS THROUGH THE AKRON REGIONAL HOSPITAL NATIONAL BIOTERRORISM HOSPITAL PREPAREDNESS PROGRAM. U.S. DEPARTMENT OF HOMELAND SECURITY: PASS THROUGH EASTERN KENTUCKY UNIVERSITY STATE AND LOCAL HOMELAND SECURITYTRAINING PROGRAM, PASS THROUGH THE NATIONAL SHERIFF'S ASSOCIATION 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 UNIVERSITY OF TOLEDO, PASS THROUGH THE OHIO STATE UNIVERSITY RESEARCH INSTITUTE CENTERS FOR DISEASE CONTROL AND PREVENTION - INVESTIGATIONS AND TECHNICAL ASSISTANCE. TAX EXEMPT BONDS AND ISSUANCE COSTS FROM PROCEEDS SCHEDULE K, PART II, LINE 5 OF THE $563,314 REPORTED ON LINE 5, $287,663 RELATED TO CREDIT ENHANCEMENT FEES AND $275,651 RELATED TO BOND ISSUANCE COSTS. 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. BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART III, COLUMN (B) AND PART IV, COLUMN (B) W&B REALTY LTD IS AN ENTITY THAT IS 50% OWNED BY RICHARD WHITE, THE CURRENT VICE CHAIR OF THE BOARD, AND 50% OWNED BY RICHARD BECKETT, THE CURRENT CHAIR OF THE BOARD. W&B REALTY LTD OWNED APARTMENT BUILDINGS THAT WERE RENTED FOR A TOTAL OF $156,000 TO THE UNIVERSITY OF FINDLAY. THESE APARTMENT BUILDINGS WERE THEN PURCHASED BY THE UNIVERSITY OF FINDLAY FROM W&B REALTY FOR A PURCHASE PRICE OF $173,327. THE APARTMENT BUILDINGS WERE MORE THAN $173,327; THEREFORE, THE REMAINDER OF THE BUILDING PRICE OF $679,146 IS A NONCASH CONTRIBUTION MADE BY W&B REALTY LTD AS SHOWN ON SCHEDULE L, PART III, COLUMN (B). 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.