2023-02-22T08:06:21-06:00 2022-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2021-07-01 340868798 WALSH UNIVERSITY INC % LAUREL LUSK WALS 3304997090 2020 EAST MAPLE ST NORTH CANTON OH 447203396 LAUREL LUSK VP FIN./BUS. AFFAIRS 3304997090 2023-05-15 true LAUREL LUSK 999009999 Lauren R Denton P01571860 2604604000 2 2021 2023-03-07 01:45:13Z DR TIMOTHY COLLINS 2020 EAST MAPLE ST NORTH CANTON OH 44720 86242905 false X WWW.WALSH.EDU X 1958 OH TO EDUCATE STUDENTS TO BECOME LEADERS IN SERVICE TO OTHERS THROUGH A VALUES-BASED EDUCATION. 23 22 1135 310 0 0 9398593 8394514 72556695 70499807 5496289 1668111 751782 548251 88203359 81110683 31050982 31213682 0 0 26844744 25872964 100100 109200 800181 18081214 20468106 76077040 77663952 12126319 3446731 130905475 125540692 20430795 17753084 110474680 107787608 X WALSH UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL CATHOLIC, LIBERAL ARTS AND SCIENCES INSTITUTION DEDICATED TO EDUCATING ITS STUDENTS TO BECOME LEADERS IN SERVICE TO OTHERS THROUGH A VALUES-BASED EDUCATION WITH AN INTERNATIONAL PERSPECTIVE IN THE JUDEO-CHRISTIAN TRADITION. false false 70694338 31213682 70499807 The University provides approximately 2,400 students from 46 states and 35 countries a higher education that fosters critical thinking, effective communication, spiritual growth, and personal, professional and cultural development. The University offers the following degrees: Associate of Arts; Associate of Science in Computer Science; Bachelor of Arts; Bachelor of Science; Bachelor of Science in Education; Bachelor of Science in Nursing; Master of Arts in Education; Master of Business Administration (MBA); Master of Arts in Counseling and Human Development; Master of Arts in Theology; Master of Science in Nursing; Master of Occupational Therapy; Doctor of Nursing Practice; and Doctor of Physical Therapy. Walsh University is accredited by the following organizations: North Central Association/Higher Learning Commission; National League for Nursing Accrediting Commission; The Commission on Accreditation in Physical Therapy Education; Council for Accreditation of Counseling and Related Educational Programs; Ohio Department of Education; Ohio Board of Counseling & Social Work; and the American Physical Therapy Association. Walsh University's library houses 86,418 volumes, 20 current print journal subscriptions, 3,974 audio visual titles on physical media, 47,063 streaming educational videos, and 229 electronic databases. The University also has links to 395,794 electronic books, and 124,680 paid electronic journal subscriptions. The Walsh library is a member of OCLC, OhioLINK, OHIONET and OPAL (Ohio Private Academic Libraries) and all library resources are searchable through the Internet. The Student Affairs team is a diverse collection of educators committed to the holistic development of students, firmly believing that all students have the potential to become valuable assets to our world community. Members of the Student Affairs team embody the Christian values espoused in the University mission statement, exemplified by our care and concern for students, relationships, and the community. Walsh University provides over 800 students with housing and dining services. Several of the ten residence halls are newly renovated and offer apartment-style and suite-style living. Dining service facilities include the Schervish Dining Hall, the Betzler Grille, the Cavalier Cafe and the Sword Stop offering various meal plan selections and dining innovations. Walsh University's athletic program offers 24 different men's and women's athletic teams and continues to enjoy a winning tradition. While in the NAIA, Walsh won the American Mideast Conference (AMC) All-Sports Award and numerous sports conference championships. While still a member of the American Mideast Conference the Cavs produced champions in men's soccer, men's basketball, men and women's track, volleyball and softball. Walsh University Athletics were granted full membership into the NCAA Division II at the beginning of the 2013-2014 academic year. As full members of the Great Midwest Athletic Conference (G-MAC) 20 of our NCAA sports compete for G-MAC Conference Championships while two (women's and men's bowling) are not sponsored by the conference. We have continued our winning traditions in the GMAC. During fiscal year 2022, the University completed phase three of our stadium project with Larry Staudt Field and replaced several roofs on campus. The University also began renovations of the weight room, which is set to be completed in fall 2022. Walsh University has been consistently recognized for its excellence in academic and student-focused programming by renowned organizations such as The Newman Guide to Choosing a Catholic College, National Colleges of Distinction, U.S. News & World Report as a Top Regional University in the Midwest and by Victory Media as a Military Friendly School. 70694338 true true false false false true false true false true true true false false true false true false true false false false false true true false false false true true true false false false false false false false false false false true false false false false true false false false true 86 0 1135 true false true IT false false false true true false false false false false false X 23 22 false false false false false false false true true false false false true true true true false true true false X LAUREL LUSK 3302444762 2020 EAST MAPLE STREET NORTH CANTON OH 44720 DR TIMOTHY COLLINS PRESIDENT 40.0 0.0 X X 333851 0 38702 DALE HOWARD VP FOR ATHLETICS 40.0 0.0 X 126640 0 33650 LAUREL LUSK TREASURER/ VP FOR FINANCE 40.0 0.0 X 142675 0 13128 DR MICHAEL DUNPHY VP FOR ACADEMIC AFFAIRS 40.0 0.0 X 125738 0 28766 DR MICHAEL PETROCHUK INTERIM DEAN-SCHOOL OF BUS. 40.0 0.0 X 117356 0 36181 DR PAMELA RITZLINE DEAN-SCHOOL OF HEALTH SCIENCE 40.0 0.0 X 127699 0 19552 DR BRIAN GREENWELL VP OF ADMINISTRATION/CIO 40.0 0.0 X 133353 0 10097 ERIC BELDEN SECRETARY/ VP FOR ADVANCEMENT 40.0 0.0 X 132156 0 10192 AJ HYLAND CHAIR 2.0 0.0 X X 0 0 0 CAROL MILLER VICE CHAIR 2.0 0.0 X X 0 0 0 BRUCE ALTIERI DIRECTOR 2.0 0.0 X 0 0 0 ISABELLE BIBET-KALINYAK DIRECTOR 2.0 0.0 X 0 0 0 BENJAMIN BIERY DIRECTOR 2.0 0.0 X 0 0 0 REV DAVID J BONNAR DIRECTOR 2.0 0.0 X 0 0 0 TERESA BRATELY DIRECTOR 2.0 0.0 X 0 0 0 ROGER DEVILLE DIRECTOR 2.0 0.0 X 0 0 0 GARY DIDADO DIRECTOR 2.0 0.0 X 0 0 0 PHILIP FRACASSA DIRECTOR 2.0 0.0 X 0 0 0 REV SCOTT KOPP DIRECTOR 2.0 0.0 X 0 0 0 DAVID MCCAULEY DIRECTOR 2.0 0.0 X 0 0 0 ANTHONY ORAHOSKE DIRECTOR 2.0 0.0 X 0 0 0 RICHARD REICHERT DIRECTOR 2.0 0.0 X 0 0 0 CHRISTOPHER REMARK DIRECTOR 2.0 0.0 X 0 0 0 ED ROBINSON DIRECTOR 2.0 0.0 X 0 0 0 E JEFFREY ROSSI DIRECTOR 2.0 0.0 X 0 0 0 PAUL L RUFLIN DIRECTOR 2.0 0.0 X 0 0 0 REV ROBERT J SIFFRIN DIRECTOR 2.0 0.0 X 0 0 0 BARBARA YINGLING DIRECTOR 2.0 0.0 X 0 0 0 CARL YOUNG DIRECTOR 2.0 0.0 X 0 0 0 BRO WALTER ZWIERCHOWSKI DIRECTOR 2.0 0.0 X 0 0 0 1239468 0 190268 14 false true false KEYPATH EDUCATION 1933 NORTH MEACHAM ROAD SUITE 400 SCHAUMBURG IL 60173 EDUCATIONAL SERVICES 2971426 SODEXO INC AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 DINING SERVICES 2559340 STANLEY CONVERGENT SECURITY SOLUTIO 8350 SUNLIGHT DRIVE FISHERS IN 46037 SECURITY SERVICES 445625 MASERAH FOR EDUCATIONAL SERVICES L 39873 HWY 27 SUITE 131 DAVENPORT FL 33837 EDUCATIONAL SERVICES 357951 IOT DATA ANALYTICS LLC 4571 STEPHEN CIRCLE NW NORTH CANTON OH 44718 EDUCATIONAL SERVICES 352817 16 111778 5568523 2714213 356430 8394514 TUITION AND FEES 611310 59885391 59885391 DORM AND HOUSING REVENUE 611310 5892181 5892181 FOOD SERVICE REVENUE 611310 3982555 3982555 AUXILIARY 611310 739680 739680 70499807 1293210 1293210 0 0 315793 362950 -47157 0 -47157 -47157 5041685 4666784 374901 374901 374901 58223 111778 102488 -44265 -44265 0 0 0 0 0 0 OTHER REVENUE 611310 572063 572063 RECOVERY OF BAD DEBTS 611310 64065 64065 INTEREST INCOME STUDENT LOANS 611310 3545 3545 639673 81110683 70499807 2216362 4035 4035 31209647 31209647 0 0 684607 684607 0 19169669 16923382 1799078 447209 941719 814606 98614 28499 3548748 3231909 275267 41572 1528221 1297265 195612 35344 0 100131 1339 98792 117065 117065 0 109200 109200 0 5311738 4895988 408898 6852 708805 349182 358942 681 1555556 1074476 427856 53224 599110 599110 0 2513106 2179869 311096 22141 1222944 1157358 59693 5893 0 0 433370 163446 269924 0 3695728 3695728 493200 240900 252300 DINING SERVICES 2449950 2365773 65169 19008 BAD DEBT EXPENSE 560275 558235 2040 DUES/MEMBERSHIPS/SUBSCRIPTIONS 495367 338983 129408 26976 OTHER INSTRUCTIONAL EXPENSES 49885 49885 161876 142332 18002 1542 77663952 70694338 6169433 800181 7882 4795 18820791 20576901 4645531 4019852 2354968 1910732 0 0 0 0 644754 384426 19565 22101 1093242 886438 130141832 66473618 64894953 63668214 26146364 23368240 11053318 9461807 0 0 0 0 1224107 1237186 130905475 125540692 3613024 3213201 0 0 1899599 1551749 13060750 11568607 0 0 0 0 0 0 0 0 1857422 1419527 20430795 17753084 X 73415510 75507124 37059170 32280484 110474680 107787608 130905475 125540692 X 3446731 -6628519 494716 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 511712 true true 283902 X false 39241367 466488 -4840112 696179 491770 33679794 29284378 2533888 8411882 682147 306634 39241367 28386534 1767922 181356 631647 419787 29284378 27379276 1027405 1176660 570260 626547 28386534 25833167 1290602 1739450 523987 959956 27379276 0.28090 0.71910 false false 2587415 2587415 92954952 38047183 54907769 20978655 18247924 2730731 13620810 10178511 3442299 63668214 LONG-TERM INVESTMENT 9461807 F 9461807 0 TUITION DEPOSITS 302480 INTEREST PAYABLE 101564 US GOVT GRANTS REFUNDABLE 761288 CHARITABLE REMAINDER UNITRUST 254195 1419527 46712007 -6628519 960154 -5668365 52380372 28730311 28730311 81110683 49399079 465438 465438 48933641 28730311 28730311 77663952 SCHEDULE D, PART III, LINE 4 WALSH UNIVERSITY OWNS THE HOOVER HISTORICAL CENTER OF WALSH UNIVERSITY, WHICH IS A SMALL MUSEUM THAT HOUSES A COLLECTION OF VACUUM CLEANERS AND OTHER ITEMS FROM THE HOOVER COMPANY. THE HOOVER HISTORICAL CENTER WAS DONATED TO WALSH UNIVERSITY IN 2004 AND NOW SUPPORTS THE MUSEUM STUDIES PROGRAM AT THE UNIVERSITY. SCHEDULE D, PART V, LINE 4 THE MAJORITY OF THE ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS. ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D RECONCILIATION SCHEDULE D, PART XI, LINE 2D GAIN ON CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $ 494,716 FUNDRAISING EVENT EXPENSES $ 102,488 RENTAL EXPENSES $ 362,950 TOTAL $ 960,154 SCHEDULE D, PART XI, LINE 4B TUITION DISCOUNTS $28,730,311 SCHEDULE D, PART XII, LINE 2D FUNDRAISING EVENT EXPENSES $ 102,488 RENTAL EXPENSES $ 362,950 TOTAL $ 465,438 SCHEDULE D, PART XII, LINE 4B TUITION DISCOUNTS $28,730,311 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 The nondiscrimination policy is published on our website, handbooks, catalog, and admissions materials. SCHEDULE E, PART I, LINE 6A FUNDS ARE PROVIDED BY GOVERNMENT AGENCIES UNDER VARIOUS FINANCIAL ASSISTANCE PROGRAMS AND ARE LOANED TO QUALIFIED STUDENTS. THE RECEIPT OF SUCH FUNDS GENERALLY REQUIRES COMPLIANCE AUDITS SO THAT THE TERMS AND CONDITIONS OF THE GRANTOR ARE MET. true MCALLISTER AND QUINN LLC CONSULTING false 109200 109200 VIVA WALSH VEG 25615 4385 21230 1100 76 210 22343 FAREY 29790 23832 5958 10500 7899 3 4 114596 83561 31035 1000 572 10134 975 47676 170001 111778 58223 12600 648 18243 975 70022 102488 -44265 true SCHOLARSHIPS FOR STUDENTS 1336 25956457 DISCOUNTS ON TUITION FOR STUDENTS 367 2773854 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: AFTER A STUDENT HAS BEEN ACCEPTED, THEY ARE ENCOURAGED TO FILE A FAFSA. THE UNIVERSITY CONSIDERS ACADEMIC SCHOLARSHIPS, OUTSIDE SCHOLARSHIPS, FEDERAL GRANTS AND STATE ELIGIBILITY. IF THE STUDENT NEEDS FURTHER ASSISTANCE, THE UNIVERSITY OFFERS FEDERAL LOANS, COLLEGE GRANTS AND EMPLOYMENT OPPORTUNITIES. FINANCIAL AID BASED ON NEED IS AWARDED ON FAFSA CALCULATIONS AND THE RESULTING FINANCIAL AID THAT IS TO BE MET. ACADEMIC SCHOLARSHIPS ARE AWARDED BASED ON HIGH SCHOOL GPA, CLASS RANK AND STANDARD TEST SCORES. NEED-BASED GRANTS CAN BE ALLOCATED TO RETURNING STUDENTS BASED ON PREVIOUS YEARS AS LONG AS FINANCIAL NEED IS STILL PRESENT. ACADEMIC SCHOLARSHIPS CONTINUE BASED ON THE STUDENT'S CUMULATIVE GPA AT THE END OF THE YEAR. X X true true X X X X false false false false false false false false false LAUREL LUSK TREASURER/ VP FOR FINANCE 142585 0 90 9990 3138 155803 DR TIMOTHY COLLINS PRESIDENT 331673 0 2178 20300 18402 372553 DR MICHAEL DUNPHY VP FOR ACADEMIC AFFAIRS 125223 0 515 9038 19728 154504 DR MICHAEL PETROCHUK INTERIM DEAN-SCHOOL OF BUS. 116992 0 364 6716 29465 153537 DALE HOWARD VP FOR ATHLETICS 125497 0 1143 8760 24890 160290 SCHEDULE J, PART I, LINE 1A THE PRESIDENT'S CONTRACT INCLUDES CAMPUS HOUSING THAT IS REQUIRED AS A CONDITION OF EMPLOYMENT. THE HOUSING IS LOCATED ON UNIVERSITY PREMISES AND IS USED FOR BUSINESS PURPOSES, AND IS THEREFORE EXCLUDED FROM TAXABLE INCOME AND REPORTED IN SCHEDULE J PART II COLUMN D. COUNTRY CLUB DUES ARE PAID ON BEHALF OF THE PRESIDENT OF THE UNIVERSITY. THE MEMBERSHIP IS UTILIZED FOR BUSINESS PURPOSES. ANY PERSONAL USE ASSOCIATED WITH THE MEMBERSHIP IS INCLUDED IN THE PRESIDENT'S TAXABLE INCOME. A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 2009-11-19 30000000 REFUNDING ISSUE (SEE PART VI) false false false A 18375000 0 30000000 0 0 0 0 0 0 0 30000000 0 2007 true false true true A false false true true false 0.00240 0.00790 0.01030 false false false true A false false true false true false 0 false 0 false true A true SCHEDULE K, PART I(F) REFUNDED BONDS WERE ISSUED ON 01/10/1999, 04/13/2000, 05/09/2002, 06/05/2003, 07/22/2004, 09/20/2005, 06/29/2006, AND 10/11/2007. X 8 293861 STOCK MARKET X AUCTION ITEMS 257 62569 DONOR ESTIMATED FMV false false false SCHEDULE M, PART I THE AMOUNTS LISTED IN PART I, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1B DR. TIMOTHY COLLINS IS A PAID EMPLOYEE OF WALSH UNIVERSITY AND IS THEREFORE CONSIDERED A NON-INDEPENDENT VOTING MEMBER OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WILL BE PRESENTED TO THE AUDIT COMMITTEE FOR DISCUSSION AND APPROVAL AT THE FEBRUARY MEETING. UPON APPROVAL, THE AUDIT COMMITTEE WILL RECOMMEND APPROVAL OF THE FORM 990 TO THE FINANCE COMMITTEE. ONCE APPROVED BY THE FINANCE COMMITTEE, IT IS PRESENTED FOR APPROVAL BY THE FULL BOARD. THE APPROVED COPY OF THE FORM 990 WILL BE MADE AVAILABLE TO ALL BOARD MEMBERS THROUGH AN ELECTRONIC PORTAL. SCHEDULE B WILL BE REDACTED IN THE EMAILED VERSION WITH A HARD COPY MADE AVAILABLE TO THE BOARD IN THE FINANCE OFFICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF DIRECTORS OF WALSH UNIVERSITY. EACH YEAR, THE PRESIDENT'S OFFICE SENDS OUT CONFIDENTIAL DISCLOSURE STATEMENTS TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND THE UNIVERSITY'S OFFICERS. BY COMPLETING AND SIGNING THE STATEMENTS EACH MEMBER OR OFFICER IS CERTIFYING THAT THEY HAVE CAREFULLY READ THE WALSH UNIVERSITY BOARD OF DIRECTORS CONFLICT OF INTEREST POLICY; THAT THEY WILL ABIDE BY THE LETTER AND THE SPIRIT OF THE POLICY AND THAT THEY WILL MAKE ALL DISCLOSURES REQUIRED UNDER THE TERMS OF THE POLICY. THE COMPLETED AND SIGNED STATEMENTS ARE SENT TO THE TREASURER OF THE BOARD OF DIRECTORS. THE TREASURER AND THE CHAIR OF THE BOARD REVIEW THE STATEMENTS AND MAKE A DETERMINATION AS TO THE LIKELIHOOD OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTERESTS. IF A DIRECTOR REPORTS A CONFLICT OF INTEREST TO THE BOARD, THAT DIRECTOR MAY EXPRESS HIS OR HER VIEWS AT BOARD OR COMMITTEE MEETINGS AFTER DISCLOSING AT THE TIME OF SUCH EXPRESSION THE MATERIAL FACTS GIVING RISE TO THE CONFLICT OF INTEREST. THE DISINTERESTED DIRECTORS ARE ALSO PERMITTED TO DISCUSS THE MATTER OUTSIDE OF THE PRESENCE OF THE DIRECTOR WHO HAS A CONFLICT OF INTEREST. THE DIRECTOR WHO HAS A CONFLICT OF INTEREST WILL NOT BE PERMITTED TO VOTE ON MATTERS UNDER CONSIDERATION BY THE BOARD AFFECTED BY THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A & 15b ON AUGUST 5, 2019, THE UNIVERSITY HIRED ITS SEVENTH PRESIDENT WITH THE ASSISTANCE OF A NATIONAL SEARCH FIRM. AT THE TIME OF THE SEARCH, THE BOARD OF DIRECTORS OF THE UNIVERSITY WORKED WITH THE SEARCH FIRM, REFERENCED THE CUPA-HR ADMINISTRATIVE COMPENSATION SURVEY AND WORKED WITH LEGAL COUNSEL TO SET THE INITIAL COMPENSATION. ANNUAL ADJUSTMENTS MAY BE DETERMINED AT THE SOLE DISCRETION OF THE BOARD, SUBJECT TO THE PRESIDENT'S PERFORMANCE, AS ASSESSED BY PERFORMANCE REVIEWS CONDUCTED BY THE BOARD OR ITS AUTHORIZED DESIGNEE(S), AND THE FINANCIAL POSITION OF THE UNIVERSITY. THE PRESIDENT SETS COMPENSATION AMOUNTS FOR THE UNIVERSITY'S VICE-PRESIDENTS BASED ON THE UNIVERSITY'S COMPENSATION MANAGEMENT PROGRAM. THE COMPENSATION MANAGEMENT PROGRAM TAKES INTO ACCOUNT JOB FACTORS INCLUDING FACILITATING STUDENT SUCCESS, KNOWLEDGE AND SKILL, IMPACT AND RESPONSIBILITY, INTERACTION WITH OTHERS, AND WORKING CONTEXT. THE PRESIDENT WORKS WITH THE DIRECTOR OF HUMAN RESOURCES TO REFERENCE THE CUPA-HR ADMINISTRATIVE COMPENSATION SURVEY TO DETERMINE IF SALARY LEVELS ARE APPROPRIATE. THE BOARD OF DIRECTORS APPROVES ALL CONTRACTS THROUGH THE BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 WALSH UNIVERSITY DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT AVAILABLE TO THE GENERAL PUBLIC. HOWEVER, THE UNIVERSITY WILL PROVIDE THESE DOCUMENTS TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 GAIN ON CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $ 494,716 CHARITABLE REMAINDER UNITRUSTS (2) CHAR REM UNIT OH NA false false false false false false false false false false false false false false false false false false false false