2011-03-11T08:00:08-06:00 2010-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2009-07-01 314379435 CAPITAL UNIVERSITY CAPI 6142366813 1 COLLEGE AND MAIN COLUMBUS OH 43209 SUSAN E TATE 2011-03-09 true 6144690001 2009 2016-02-24 21:20:13Z DENVY A BOWMAN 1 COLLEGE AND MAIN COLUMBUS OH 43209 133511749 false X WWW.CAPITAL.EDU X 1830 OH PROVIDE PERSONAL GROWTH BY ENCOURAGING, ENABLING AND CELEBRATING LEARNING; PREPARE INDIVIDUALS TO BE KNOWLEDGEABLE, INDEPENDENT, CRITICAL THINKERS; INSPIRE INDIVIDUALS TO BE MORALLY REFLECTIVE. 37 33 2078 35 0 0 6834255 4437244 98396182 100279427 1973340 7073000 136098 231720 107339875 112021391 30644774 34187089 0 44853799 46824735 0 1819910 27034745 24227986 102533318 105239810 4806557 6781581 185636659 193700111 53392754 54818356 132243905 138881755 PROVIDE PERSONAL GROWTH BY ENCOURAGING, ENABLING & CELEBRATING LEARNING; PREPARE INDIVIDUALS TO BE KNOWLEDGEABLE, INDEPENDENT, CRITICAL THINKERS; INSPIRE INDIVIDUALS TO BE MORALLY REFLECTIVE, SPIRITUALLY ALIVE & CIVICALLY ENGAGED. false false 52891099 30727226 67331067 CAPITAL UNIVERSITY PROVIDES ACADEMIC OPPORTUNITIES TO 2,600 STUDENTS IN ITS UNDERGRADUATE PROGRAMS. THE UNIVERSITY OFFERS FIVE UNDERGRADUATE DEGREES WITH MORE THAN 70 MAJORS, TAUGHT BY MORE THAN 200 FULL-TIME GRADUATE AND UNDERGRADUATE FACULTY. MORE THAN 2300 STUDENTS RECEIVE INSTITUTIONAL FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS AND GRANTS. SINCE CAPITAL IS IN A METROPOLITAN SETTING IN THE COLUMBUS SUBURB OF BEXLEY, STUDENTS ENJOY MANY ACADEMIC, CULTURAL, RECREATIONAL AND SOCIAL ACTIVITIES. THE ACADEMIC EXPERIENCE AT CAPITAL INCLUDES A RICH VARIETY OF INTERNSHIPS AND EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN COOPERATION WITH NATIONAL CORPORATIONS, HEALTH AND OTHER NON-PROFIT AGENCIES AND GOVERNMENTAL OFFICES. 15734527 3459863 22775610 CAPITAL UNIVERSITY PROVIDES ACADEMIC OPPORTUNITIES TO 940 STUDENTS IN ITS GRADUATE DEGREE PROGRAMS. THE UNIVERSITY OFFERS NINE GRADUATE DEGREES IN LAW, TAXATION, BUSINESS, NURSING AND MUSIC. MORE THAN 400 GRADUATE STUDENTS RECEIVE INSTITUTIONAL FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS AND GRANTS. IN ADDITION TO THE GRADUATE PROGRAMS HOUSED ON THE MAIN CAMPUS IN THE SUBURB OF BEXLEY, THE CAPITAL UNIVERSITY LAW SCHOOL IS LOCATED IN DOWNTOWN COLUMBUS, PROVIDING STUDENTS THE PROSPECT OF ENHANCING THEIR EDUCATION THROUGH INTERNSHIPS AND OTHER OPPORTUNITIES WITH FEDERAL, STATE AND COUNTY AGENCIES, AND WITH LAW FIRMS IN OHIO'S CAPITAL CITY. 10659281 0 244214 THE UNIVERSITY PROVIDES ADDITIONAL SERVICES TO ITS STUDENTS TO SUPPORT AND ENHANCE THE EDUCATIONAL EXPERIENCE. THESE INCLUDE THE SERVICES OF THE ADMISSION OFFICE, REGISTRAR, CAMPUS PASTOR, MEDICAL CLINIC, CAREER SERVICES, STUDENT GOVERNMENT, GREEK LIFE, STUDENT NEWSPAPER AND LITERARY MAGAZINE, MULTICULTURAL AFFAIRS, INTERNATIONAL EDUCATION, INTRAMURALS AND VARSITY ATHLETICS. CAPITAL STUDENTS STUDIED IN MEXICO, EUROPE, AFRICA, ASIA, SOUTH AMERICA AND THE CARIBBEAN WITH FINANCIAL ASSISTANCE FROM THE UNIVERSITY. IN ADDITION TO MANY INTRAMURAL ACTIVITIES IN AND AROUND THE 126,000-SQUARE-FOOT CAPITAL CENTER, THE UNIVERSITY FIELDS 18 MEN'S AND WOMEN'S VARSITY TEAMS. 16890668 0 10139270 96175575 true true false false false false true false true true true false true false true false true false true false false false true true true false false false false false false true false true false true true false false false false false false false true 227 0 true 2078 true false false false false false true true false false false 37 33 true false false false false false false true true false false true true true true true true true true false X PAUL R MILLER 6142366316 1 COLLEGE AND MAIN COLUMBUS OH 432092394 DENVY BOWMAN 60 X X 305271 0 31864 RICHARD LOMBARDI 2 X 0 0 0 DICK HARTMANN 2 X 0 0 0 ROGER DAVIS 2 X 0 0 0 ANDRE PORTER 2 X 0 0 0 EJ THOMAS 2 X 0 0 0 ANN LEAK 2 X 0 0 0 MICHELLE ADAMS 2 X 0 0 0 DONNA SMITH 2 X 0 0 0 MIKE CRANE 2 X 0 0 0 JOYCE EDELMAN 2 X 0 0 0 JOHN WALKER 2 X 0 0 0 BERNIE OSTROWSKI 2 X 0 0 0 ELIZABETH EATON 2 X 0 0 0 JERRY BAHLMANN 2 X 0 0 0 PATSY THOMAS 2 X 0 0 0 HARRY RADUEGE 2 X 0 0 0 KEN WEIXEL 2 X 0 0 0 BILL HAUEISEN 2 X 0 0 0 TOM HAMILTON 2 X 0 0 0 KATHY WOLFGRAM 2 X 0 0 0 LISA RANKIN 2 X 0 0 0 DICK BOYD 2 X 0 0 0 STEVE WACHTMAN 2 X 0 0 0 TED LONG 2 X 0 0 0 JACQUELINE PRIMEAU 2 X 0 0 0 JAN HITE 2 X 0 0 0 KAREN MORRISON 2 X 0 0 0 JOHN PHILLIPS 2 X 0 0 0 DENNY FREUDEMAN 2 X 0 0 0 KAREN ALSNAUER 2 X 0 0 0 LEE ANNE LOWMAN 2 X 0 0 0 GARY QUALMANN 2 X 0 0 0 MIKE DAVIS 2 X 0 0 0 DICK WILLIAMS 2 X 0 0 0 CAROL MCWILLIAMS 2 X 0 0 0 DOROTHY MARTIN 2 X 0 0 0 BETTY LOVELACE 60 X 135682 0 20068 SUSAN TATE 60 X 153347 0 20421 ED INCH 60 X 97133 0 13192 RICH SIMPSON 60 X 0 0 0 JOHN MEYER 60 X 168620 0 29109 LORI MCKIRNAN 60 X 87429 0 14714 RICH ASHBROOK 60 X 123220 0 28121 KEVIN SAYERS 60 X 145221 0 29854 TANYA POTEET 60 X 134547 0 19407 JACK GUTTENBERG 60 X 223571 0 34004 MARK STRASSER 50 X 172227 0 28543 STANTON DARLING 50 X 169113 0 28454 ROBERTA MITCHELL 50 X 177956 0 23979 DAN TURAK 50 X 183184 0 29951 MARK BROWN 50 X 190246 0 27304 2466767 0 378985 37 false true false PARKHURST DINING SERVICE PO BOX 644091 PITTSBURGH PA 15264 DINING/FOOD SERVICE 2662386 CORNAKOKOSING CONSTRUCTION CO PO BOX 71-3187 COLUMBUS OH 432713187 CONSTRUCTION 1873983 AETNA BUILDING MAINTENANCE PO BOX 636290 CINCINNATI OH 452636290 CUSTODIAL SERVICES 1257506 AXIS CONSTRUCTION 4427 PROFESSIONAL PARKWAY GROVEPORT OH 43125 CONSTRUCTION 1072267 OLOGIE LLC 447 E MAIN ST COLUMBUS OH 43215 BRANDING/MARKETING 874605 15 0 0 29305 0 1246782 3161157 150475 4437244 EDUCATIONAL PROGRAMS- UNDERGRADUATE 67331067 67331067 0 0 EDUCATIONAL PROGRAMS- GRADUATE 22775610 22775610 0 0 AUXILIARIES 8621404 8621404 0 0 GENERAL EDUCATIONAL PROGRAMS 1114035 1114035 0 0 BOOKSTORE REVENUE 193097 193097 0 0 244214 244214 0 0 100279427 1730284 0 0 1730284 0 0 0 0 0 0 0 0 389007 0 372537 0 16470 0 16470 0 0 16470 26451524 0 21108808 0 5342716 0 5342716 0 0 5342716 9013 29305 9013 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 193218 188702 0 4516 VARIOUS PROGRAM FEES 22032 22032 0 0 0 0 0 0 0 0 0 0 215250 112021391 100490161 0 7093986 0 0 33814430 33814430 372659 372659 0 0 1350470 1063665 118185 168620 35855 0 0 35855 33978508 29760608 3306734 911166 2571351 2228454 247606 95291 6175454 5368898 596544 210012 2713097 2363589 262621 86887 0 0 0 0 59179 0 59179 0 88768 0 88768 0 0 0 0 0 0 0 255797 0 255797 0 6826623 6069046 674338 83239 434041 389525 43281 1235 2384810 2025818 225091 133901 1180956 1062860 118096 0 0 0 0 0 2784340 2505907 278433 0 1097774 931076 103453 63245 0 0 0 0 1387222 1221087 135676 30459 488019 439217 48802 0 0 0 0 0 5784916 5206424 578492 0 544550 490095 54455 0 BAD DEBT EXPENSE 423246 423246 0 0 INSTRUCTIONAL EXPENSE 364071 327664 36407 0 OTHER INDIRECT COSTS 123674 111307 12367 0 0 0 0 0 0 0 0 0 0 0 0 0 105239810 96175575 7244325 1819910 0 0 0 0 0 0 13950261 12643197 1929002 1176612 0 0 0 0 0 0 6965109 7041660 61064 58788 1131379 942736 165291465 60890633 100432874 104400832 47322453 52147430 8628465 9557393 0 0 0 0 5216052 5731463 185636659 193700111 7153886 8572122 0 0 3578858 3909209 29530000 28820000 0 0 0 0 4698601 4654963 0 0 8431409 8862062 53392754 54818356 X 87360360 91776133 8383413 9488371 36500132 37617251 0 0 0 0 0 0 132243905 138881755 185636659 193700111 X false true true X true true X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14480 1646988 X X X false 49443635 1027878 5430949 1184102 1494156 209377 53014827 60475993 2236438 -10487927 1046439 1538577 195853 49443635 0.2266 0.6955 0.0779 true false 0 11232676 11232676 0 87160547 33521903 53638644 0 20092098 6346272 13745826 0 35643463 19060647 16582816 0 11162681 1961811 9200870 104400832 0 AGENCY FUNDS HELD FOR OTHERS 179219 ANNUITIES PAYABLE 1324813 POSTRETIREMENT BENEFIT OBLIGATIONS 2270288 ADVANCES FROM GOVERNMENT FOR STUDENT LOANS 5087742 8862062 112021391 105239810 6781581 327360 0 0 0 -471091 -143731 6637850 111994400 327360 0 0 114755 442115 111552285 255797 213309 469106 112021391 105356550 0 0 0 372537 372537 104984013 255797 0 255797 105239810 Collections of art - description of collections Schedule D, Part III, Line 4 THE COLLECTION CONSISTS OF A WIDE-RANGE OF ARTWORK COVERING MORE THAN 2,000 YEARS, FROM MANY CULTURES AND MEDIUMS. THE MISSION OF THE GALLERY IS TO PROMOTE USE AS AN INTEGRAL PART OF THE TEACHING MISSION OF THE UNIVERSITY, AND TO CONTRIBUTE TO INTELLECTUALLY STIMULATING, CREATIVE CULTURE ENVIRONMENT FOR THE UNIVERSITY AND COMMUNITY. Intended uses of endowment funds Schedule D, Part V, Line 4 ENDOWMENT FUNDS PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS, SUPPORT FOR GENERAL OPERATIONS, AND SUPPORT FOR SPECIFIC PROGRAMS IDENTIFIED BY DONORS. FIN 48 footnote Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICE HAS RULED THAT CAPITAL UNIVERSITY IS A TAX-EXEMPT EDUCATIONAL INSTITUTION UNDER §501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN §501(C)(3). 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 EFFECT OF ADOPTION OF FASB 158 - -257782; ACTUARIAL CHANGE IN ANNUITY LIABLILITY - -213309; OTHER - 0; TOTAL - -471091 Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d RENTAL EXPENSE - 372537; EFFECT OF ADOPTION FASB 158 - -257782; OTHER - 0; TOTAL - 114755 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b ACTUARIAL CHANGE IN ANNUITY LIABILITY - 213309; OTHER - 0; TOTAL - 213309 Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d RENTAL EXPENSE - 372537; OTHER - 0; TOTAL - 372537 true true true NON-DISCRIMINATORY LANGUAGE IS PUBLISHED IN THE ADMISSION VIEW BOOK, THE VARIOUS STUDENT BULLETINS, AND IN ALL MAJOR UNIVERSITY PUBLICATIONS AIMED TO THE STUDENT/PARENT AUDIENCE. true true true true false false false false false false false false true false true true EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS STUDY ABROAD 304197 SOUTH AMERICA 0 0 GRANTS STUDY ABROAD 26000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS STUDY ABROAD 22860 EAST ASIA AND THE PACIFIC 0 0 GRANTS STUDY ABROAD 10745 SUB SAHARAN AFRICA 0 0 GRANTS STUDY ABROAD 8857 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS INVESTMENTS 0 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDENT & FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 67067 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT & FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 42958 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT & FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 27948 NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 PROGRAM SERVICES STUDENT & FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 3454 SUB SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT & FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 1200 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT & FACULTY TRAVEL FOR FIELD TRIPS AND RESEARCH 963 0 0 516249 FINANCIAL AID TO SUPPORT STUDY ABROAD EUROPE (INCLUDING ICELAND AND GREENLAND) 23 304197 CHECK 0 N/A FMV FINANCIAL AID TO SUPPORT STUDY ABROAD SOUTH AMERICA 3 26000 CHECK 0 N/A FMV FINANCIAL AID TO SUPPORT STUDY ABROAD CENTRAL AMERICA AND THE CARIBBEAN 2 22860 CHECK 0 N/A FMV FINANCIAL AID TO SUPPORT STUDY ABROAD EAST ASIA AND THE PACIFIC 1 10745 CHECK 0 N/A FMV FINANCIAL AID TO SUPPORT STUDY ABROAD SUB SAHARAN AFRICA 1 8857 CHECK 0 N/A FMV Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 ALL STUDENTS ELECTING TO PARTICIPATE IN A STUDY ABROAD PROGRAM ARE AWARDED FINANCIAL AID GRANTS AND OTHER AID BASED ON COST OF ATTENDANCE AND FEDERAL NEED CALCULATION. ALL GRANT FUNDS TO SUPPORT THESE STUDENTS ARE REMITTED DIRECTLY TO THE HOST INSTITUTION TO BE APPLIED TO THE STUDENTS' PROGRAM CHARGES. WINE TASTING 21613 12600 9013 0 0 475 0 150 8388 RECEPTION 9545 9545 0 0 0 0 0 0 0 1 7160 7160 0 0 0 0 0 0 0 38318 29305 9013 0 0 475 0 150 8388 9013 0 true ENDOWED SCHOLARSHIPS - UNDERGRAD 533 1034716 0 N/A N/A INSTITUTIONAL RESTRICTED SCHOLARSHIPS - UNDERGRAD 78 131211 0 N/A N/A MUSIC SCHOLARSHIP - UNDERGRAD 263 2939800 0 N/A N/A COLLEGIATE FELLOWSHIP AWARDS - UNDERGRAD 68 1719225 0 N/A N/A PRESIDENTIAL SCHOLARSHIP - UNDERGRAD 1084 14974444 0 N/A N/A GRANT IN AID & OTHER INSTITUTIONAL AID - UNDERGRAD 2265 9689701 0 N/A N/A ENDOWED SCHOLARSHIPS - GRADUATE 23 79100 0 N/A N/A INSTITUTIONAL RESTRICTED SCHOLARSHIPS - GRADUATE 11 55430 0 N/A N/A GRANT IN AID & OTHER INSTITUTIONAL AID - GRADUATE 319 3190803 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 UNIVERSITY AWARDS ONLY FINANCIAL AID GRANTS TO ENROLLED STUDENTS; GRANTS ARE CREDITED TO RECIPIENT ACCOUNTS FOR TUITION, FEES, ROOM AND BOARD. X X true true X X X false false false false false false false false false MARK STRASSER 171458 0 0 0 769 0 14822 0 13721 0 200770 0 0 0 STANTON DARLING 164822 0 0 0 4291 0 14994 0 13460 0 197567 0 0 0 ROBERTA MITCHELL 173421 0 0 0 4535 0 15965 0 8014 0 201935 0 0 0 DAN TURAK 179865 0 0 0 3319 0 16592 0 13359 0 213135 0 0 0 BETTY LOVELACE 134565 0 0 0 1117 0 12054 0 8014 0 155750 0 0 0 JACK GUTTENBERG 221461 0 0 0 2110 0 20645 0 13359 0 257575 0 0 0 DENVY BOWMAN 265629 0 0 0 39642 0 23850 0 8014 0 337135 0 0 0 SUSAN TATE 152044 0 0 0 1303 0 13596 0 6825 0 173768 0 0 0 MARK BROWN 189386 0 0 0 860 0 16328 0 10976 0 217550 0 0 0 JOHN MEYER 167072 0 0 0 1548 0 15750 0 13359 0 197729 0 0 0 RICH ASHBROOK 122639 0 0 0 581 0 11817 0 16304 0 151341 0 0 0 KEVIN SAYERS 144949 0 0 0 272 0 13550 0 16304 0 175075 0 0 0 TANYA POTEET 134293 0 0 0 254 0 12109 0 7298 0 153954 0 0 0 Housing allowance or residence for personal use Schedule J, Part I, Line 1a PRESIDENT OF THE UNIVERSITY RECEIVES MONTHLY HOUSING AND AUTO ALLOWANCES, BOTH ARE TREATED AS TAXABLE COMPENSATION. Health or social club dues or initiation fees Schedule J, Part I, Line 1a UNIVERSITY PROVIDES TO THE PRESIDENT A SOCIAL CLUB MEMBERSHIP TO PROVIDE A FACILITY FOR HOSTING UNIVERSITY-RELATED EVENTS. THIS IS NOT TREATED AS TAXABLE COMPENSATION SINCE ITS USE IS STRICTLY FOR BUSINESS PURPOSES. OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756BSK7 2006-10-31 30850000 CONSTRUCTION AND IMPROVEMENTS false false 30998481 0 0 0 429246 0 17153809 2007 true false true true false true false false true 0.0041 0.000 0.0041 true false true false NA 0.0 false NA 0.0 false NONE NONE 46976 DON WACHTMAN FATHER OF TRUSTEE STEVE WACHTMAN 35855 COMPENSATION false X 3 14480 OPINIONS OF EXPERTS X 11 63295 MARKET VALUE X MERCHANDISE 146 19931 COST X USED EQUIPMENT 7 52769 DONOR PROVIDED false true false Description of other program services Form 990, Part III, Line 4d PUBLIC SERVICE AND INSTITUTIONAL SUPPORT Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 DON WACHTMAN & STEVE WACHTMAN - FAMILY RELATIONSHIP; Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A THE 990 AND 990-T WERE REVIEWED BY MANAGEMENT AND PRESENTED TO THE MEMBERS OF THE AUDIT COMMITTEE BY THE PAID TAX PREPARER ON JANUARY 28, 2011. AFTER THE REVIEW BY THE AUDIT COMMITTEE, EACH BOARD MEMBER WAS PROVIDED A FULL COPY OF THE RETURN. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY COVERS TRUSTEES AND OFFICERS (ALL UNIVERSITY OFFICERS, KEY EMPLOYEES AND BUDGET MANAGERS). THE POLICY REQUIRES TRUSTEES AND OFFICERS TO ACT IN THE BEST INTERESTS OF THE UNIVERSITY, SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY, AND FULLY DISCLOSE ANY CONFLICT. POTENTIAL CONFLICTS ARE REVIEWED AT THE LEVEL OF THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH MAY CONSULT WITH OTHER COMMITTEES OF THE BOARD IF NECESSARY. IF A CONFLICT EXISTS, THE PERSON WITH THE CONFLICT MUST ABSTAIN FROM INFLUENCING, DELIBERATING OR VOTING ON THE MATTER AND THE ACTION OR TRANSACTION MUST BE DOCUMENTED AS BEING CLEARLY IN THE BEST INTEREST OF THE UNIVERSITY. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS PRESIDENT'S GOALS, ACCOMPLISHMENTS AND EVALUATIONS OF PERFORMANCE. THE BOARD ALSO REFERENCES COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) DATA, EVANGELICAL LUTHERAN CHURCH OF AMERICAN (ELCA) PRESIDENTAL SURVEY AND OTHER SALARY SURVEYS FOR GUIDANCE ON SALARIES FOR LIKE INSTITUTIONS. THIS PROCESS IS FORMALLY DOCUMENTED AND WAS LAST UNDERTAKEN DURING THE CURRENT FISCAL YEAR END. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS FORMAL EVALUATIONS DONE BY THE PRESIDENT FOR ALL VICE-PRESIDENTS. THE COMMITTEE REVIEWS GOALS, ACCOMPLISHMENTS, THE PRESIDENT'S RECOMMENDATIONS, AND CUPA-HR SALARY SURVEY DATA TO DETERMINE THE APPROPRIATE SALARIES TO BE GIVEN. THE PROCESS IS FORMALLY DOCUMENTED AND WAS LAST UNDERTAKEN DURING THE CURRENT FISCAL YEAR END. Public Disclosure Form 990, Part VI, Section C, Line 19 A COPY OF THE AUDITED FINANCIAL STATEMENTS IS POSTED ON THE UNIVERSITY WEBSITE AS SOON AS APPROVED BY THE BOARD OF TRUSTEES. THE CONFLICT OF INTEREST POLICY IS POSTED ON THE HR HOMEPAGE, THE CONSTITUTION AND BYLAWS ARE POSTED ON THE HR HOMEPAGE AND THE UNIVERSITY'S WEBPAGE. NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC BEYOND WHAT HAS BEEN MENTIONED. Financial aid or assistance from a governmental agency Schedule E, Line 6a THE UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH PERKINS STUDENT LOANS, NURSING STUDENT LOANS, COLLEGE WORK-STUDY, PELL GRANT, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAMS. CAPITAL UNIVERSITY ALSO RECEIVES SUPPORT FROM THE STATE OF OHIO FOR SIMILAR AID PROGRAMS. ISSUANCE COSTS FROM PROCEEDS SCHEDULE K, PART II, LINE 5 ISSUANCE COSTS $343,331 CREDIT ENHANCEMENT FEE $85,915 TOTAL ISSUANCE COSTS ON LINE 5 $429,246