2022-05-13T18:58:02-05:00 2021-06-30 366055558 GRANT THORNTON LLP 75 STATE ST 13TH FLOOR BOSTON MA 02109 990 2020-07-01 953127273 WESTERN UNIVERSITY OF HEALTH SCIENCES WEST 9096236116 309 E SECOND STREET POMONA CA 917661854 JOSHUA MCFARLEN CFO 9096236116 2022-05-13 1 JOSHUA MCFARLEN 999009999 ERIN COUTURE P01390592 6177237900 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z DANIEL WILSON 309 E SECOND STREET POMONA CA 917661854 3141048077 0 X WWW.WESTERNU.EDU X 1977 CA TO PRODUCE, IN A HUMANISTIC TRADITION, HEALTH CARE PROFESSIONALS AND (CONT. ON SCH. O) BIOMEDICAL KNOWLEDGE THAT WILL ENHANCE AND EXTEND THE QUALITY OF LIFE IN OUR COMMUNITIES. 12 12 371 1200 0 0 11319398 11944496 203139277 208183474 5447330 3643698 3191888 3148693 223097893 226920361 5461327 5811599 0 0 138609161 138467810 0 0 2893627 61638153 62774299 205708641 207053708 17389252 19866653 407040464 528586679 213276113 294029095 193764351 234557584 TO PRODUCE, IN A HUMANISTIC TRADITION, HEALTH CARE PROFESSIONALS AND BIOMEDICAL KNOWLEDGE THAT WILL ENHANCE AND EXTEND THE QUALITY OF LIFE IN OUR COMMUNITIES. 0 0 164762868 5811599 200806427 WESTERN UNIVERSITY OF HEALTH SCIENCES IS AMONG THE LARGEST GRADUATE UNIVERSITIES FOR THE HEALTH PROFESSIONS IN THE WESTERN UNITED STATES. WESTERNU CONFERS DEGREES FOR PHYSICIANS, PHARMACISTS, NURSES, PHYSICIAN ASSISTANTS, PHYSICAL THERAPISTS, VETERINARIANS, DENTISTS, PODIATRISTS, OPTOMETRISTS, AND RESEARCHERS. 3838500 9498905 WESTERNU HEALTH CLINICS WAS FOUNDED BY WESTERN UNIVERSITY OF HEALTH SCIENCES IN 2008 AS AN ACADEMIC MEDICAL CENTER. AS A TEACHING FACILITY, WESTERNU HEALTH SERVES RESIDENTS AS WELL AS TEACHING STAFF AND STUDENTS IN SOUTHERN CALIFORNIA AND PORTLAND AREAS. WESTERNU HEALTH WAS ESTABLISHED TO PROVIDE TEACHING, MEDICAL SERVICES AND RESEARCH IN SPECIALTY AREAS INCLUDING EYE CARE, DENTAL CARE, PHARMACY, AND MANY MORE. 168601368 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 775 0 1 371 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA OR X X JOSHUA MCFARLEN 9096236116 309 EAST SECOND STREET POMONA CA 917661854 RICHARD BOND MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 LINDA CRANS CHAIR 1.00 0.00 X X 0 0 0 JOHN FORBING SECRETARY 1.00 0.00 X X 0 0 0 DAVID SADAVA MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 GENE BARDUSON MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 TONY CHAN TREASURER 1.00 0.00 X X 0 0 0 WEN CHANG MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 ART ANTIN MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 SEAN P STANTON MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 ELIZABETH ZAMORA VICE CHAIR 1.00 0.00 X X 0 0 0 NATE OUBRE MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 THE HON CONSUELO CALLAHAN MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 DANIEL WILSON PRESIDENT (THRU 6/21) 40.00 0.00 X 866149 0 40631 KEVIN D SHAW CFO/TREASURER (THRU 4/21) 40.00 0.00 X 396442 0 54633 JOSHUA MCFARLEN INTERIM CFO/TREASURER (AS OF 4/21) 40.00 0.00 X 173667 0 10890 DAVID BARON PROVOST 40.00 0.00 X 416004 0 36846 CLIVE HOUSTON-BROWN COO 40.00 0.00 X 393650 0 41874 DEVENDRA AGRAWAL SR. VP FOR RESEARCH 40.00 0.00 X 590653 0 36366 PAULA CRONE DEAN, COMP 40.00 0.00 X 403634 0 32562 STEPHEN FRIEDRICHSEN DEAN COLLEGE OF DENTISTRY 40.00 0.00 X 351195 0 31990 PHILLIP NELSON DEAN VETERINARY MEDICINE 40.00 0.00 X 333683 0 32246 DANIEL ROBINSON DEAN PHARMACY 40.00 0.00 X 331536 0 28183 DIANE ABRAHAM SR. VP FOR UNIVERSITY ADVANCEMENT 40.00 0.00 X 293741 0 36366 DAVID CONNETT VICE DEAN COMP 40.00 0.00 X 354463 0 32562 JEFFREY ELO PROF/ADVANCED CLINICAL SERVICES 40.00 0.00 X 328280 0 46398 ROBERT WARREN CHIEF OF CLINICAL INTEGRATION 40.00 0.00 X 333455 0 40465 ALISSA CRAFT ADVISOR RESEARCH DEVELOPMENT 40.00 0.00 X 350127 0 14387 ANDREW PUMERANTZ PROF/DIR POPULATION HEALTH 40.00 0.00 X 330532 0 21817 6247211 0 538216 359 0 1 0 NHP PMB LP 10350 ORMSBY PARK PLACE SUITE 300 LOUISVILLE KY 40223 LEASE MANAGEMENT 3060737 ARTHUR J GALLAGHER & CO 2850 GOLF ROAD ROLLING MEADOWS IL 60008 INSURANCE 2231606 SAMARITAN HEALTH SERVICES INC 801 N HARBOR BLVD ANAHEIM CA 92805 LEASE MANAGEMENT 2026795 COMPUTEK 9580 COMMERCE CENTER DR RANCHO CUCAMONGA CA 91730 EQUIPMENT 1411091 IMPERIAL SECURITY SERVICE INC 9360 SANTA ANITA AVE RANCHO CUCAMONGA CA 91730 SECURITY 1268943 94 8275388 3669108 427502 11944496 TUITION REVENUE 611710 196638182 196638182 MEDICAL CLINIC REVENUE 621400 9498905 9498905 BOOKSTORE REVENUE 621400 1223773 1223773 STUDENT FEES 611710 822614 822614 208183474 1319137 1319137 1002225 0 1002225 1002225 1002225 2916445951 6326 2914127716 0 2318235 6326 2324561 2324561 CONTINUING EDUCATION 611710 875152 875152 OUTSIDE REVENUE 058633 606124 606124 STAFF PARKING 900099 24610 24610 640582 640582 2146468 226920361 210305332 0 4670533 5811599 5811599 5035918 2541595 2494323 81379 81379 106043845 90788975 13518093 1736777 7117147 5980746 1025203 111198 12514998 10516718 1802746 195534 7674523 6449126 1105491 119906 920208 89569 830639 286102 286102 68406 22323 46083 360838 360838 8101608 4997933 2915628 188047 640493 142430 490265 7798 1923896 1345800 540604 37492 4320565 3109614 1111972 98979 10614520 8919690 1528989 165841 582576 514008 65816 2752 1008848 763856 213397 31595 4166186 3388477 718041 59668 7153870 5874067 1181613 98190 1362741 1362741 MED/LAB/STDNT SUPPLIES 5745680 3740719 2004704 257 ROTATIONS EXPENSE 5035180 5035180 REPAIRS AND MAINTENANCE 2308739 1853404 432533 22802 COST OF GOODS SOLD 2051000 2051000 6122843 4583160 1522892 16791 207053708 168601368 35558713 2893627 4840102 6105005 1293751 1347297 5072637 3502646 35448485 36671607 670295 621485 2255343 3658129 243264308 109054877 127819661 134209431 107640273 130427801 119284481 137503031 2715436 74540247 407040464 528586679 33006701 31280062 26108965 26847851 80165565 89875785 73994882 146025397 213276113 294029095 X 172639323 211980013 21125028 22577571 193764351 234557584 407040464 528586679 X 19866653 15040223 -1205851 7092208 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 68406 68406 0 PART II-B, LINE 1I: THE UNIVERSITY PAID LOBBYING EXPENSES THROUGH MEMBERSHIP DUES OR SERVICES PAID TO OUTSIDE ORGANIZATIONS. THE LOBBYING EXPENSES WERE USED TO EXPAND OSTEOPATHIC AND/OR OTHER MEDICAL AWARENESS. X 0 50437222 1266665 13217394 647525 236511 64037245 48347507 2771703 2276494 619175 2339307 50437222 43205253 5025701 2630892 421743 2092596 48347507 39499389 2327533 3721514 518856 1824327 43205253 36494215 782832 4480594 656416 1601836 39499389 0.74270 0.17920 0.07810 0 0 3002960 7049409 10052369 126428245 38659795 87768450 44026898 23369337 20657561 55410383 45114151 10296232 7346413 1911594 5434819 134209431 CORPORATE AND GOVERNMENT BONDS 134991160 F CERTIFICATE OF DEPOSITS 2345308 F MUTUAL FUNDS 127963 F EQUITIES 38600 F 137503031 LEASE RIGHT-OF-USE ASSETS 71708353 NET CAMPUS NETWORK INSTALLATION 2518430 INSTITUTIONAL CASH SURRENDER VALUE 313464 74540247 CAPITAL LEASE OBLIGATION 76790606 FEDERAL STUDENT LOAN FUNDS 42035898 BOND ISSUE SWAP LIABILITY 24121014 LIABILITY ON SPLIT-INTEREST AGREEMENT 1944462 DEPOSITS FOR AGENCY FUNDS 699670 ACCRUED BOND INTEREST PAYABLE 433747 146025397 X PART III, LINE 4: COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS WESTERNU HAS RECEIVED DISNEY COLLECTIBLE ITEMS, WHICH ARE MAINTAINED AT ONE OF THEIR CAMPUSES AS PUBLIC DISPLAY ITEMS. PART V, LINE 4: INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS THE INVESTMENT OBJECTIVES FOR THE MANAGEMENT OF ENDOWMENT ASSETS ARE TO MANAGE CONTRIBUTIONS IN A MANNER THAT WILL MAXIMIZE THE BENEFIT INTENDED BY THE DONOR, TO PRODUCE CURRENT INCOME TO SUPPORT THE PROGRAMS OF THE UNIVERSITY, DONOR OBJECTIVES, AND TO ACHIEVE GROWTH OF BOTH PRINCIPAL VALUE AND INCOME OVER TIME SUFFICIENT TO PRESERVE OR INCREASE THE PURCHASING POWER OF THE ASSETS, THUS PROTECTING THE ASSETS AGAINST INFLATION. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE UNIVERSITY HAS BEEN RECOGNIZED BY THE CALIFORNIA FRANCHISE TAX BOARD AS A UNIVERSITY THAT IS EXEMPT FROM CALIFORNIA FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS ALSO EXEMPT FROM OREGON INCOME TAXES UNDER THE RELATED STATE PROVISIONS. THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE RACIALLY NON-DISCRIMINATORY POLICY IS CLEARLY STATED ON WESTERNU'S WEBSITE IN THE UNIVERSITY CATALOG. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES STUDENT FINANCIAL AID FUNDS WHICH ARE PASSED THROUGH TO THE STUDENT TO BE USED FOR TUITION AND OTHER QUALIFYING COSTS. THE UNIVERSITY ALSO RECEIVES VARIOUS RESEARCH GRANTS FROM STATE AND FEDERAL AGENCIES TO CONDUCT MEDICAL RESEARCH ACTIVITIES, WHICH ARE WITHIN THE SCOPE OF THEIR EXEMPT PURPOSE. 1 SCHOLARSHIPS 480 5258749 HEERF STUDENT GRANTS 560 552850 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS GRANTS ARE PUT INTO A SEPARATE AND UNIQUE FUND AND THE EXPENDITURES ARE MONITORED AGAINST THE PROPOSAL AND AWARD. WESTERN UNIVERSITY MANAGES AN EXTENSIVE FINANCIAL AID PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION IS ABLE TO MATRICULATE AND CONTINUE TO GRADUATION. THE ASSISTANCE PROGRAMS TAKE TWO MAJOR FORMS: MERIT SCHOLARSHIPS AND NEED-BASED FINANCIAL AID. THE STUDENT FIRST APPLIES FOR ASSISTANCE, AND THEN BASED ON THE GRANT CRITERIA (FINANCIAL AND ENROLLMENT), THE FINANCIAL AID DEPARTMENT MONITORS THE AMOUNTS GIVEN BY THE GRANT. GRANT AND SCHOLARSHIP AWARD COMMITTEES AWARD THE RECIPIENTS. PART III: AS PART OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), THE UNIVERSITY RECEIVED A FEDERAL GRANT AS PART OF THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF). OF THAT AMOUNT, $552,850 WAS GRANTED TO 560 STUDENTS. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DANIEL WILSON PRESIDENT (THRU 6/21) 800526 0 0 0 65623 0 21375 0 19256 0 906780 0 0 0 DEVENDRA AGRAWAL SR. VP FOR RESEARCH 513390 0 0 0 77263 0 21375 0 14991 0 627019 0 0 0 DAVID BARON PROVOST 412804 0 0 0 3200 0 21375 0 15471 0 452850 0 0 0 KEVIN D SHAW CFO/TREASURER (THRU 4/21) 394779 0 0 0 1663 0 21375 0 33258 0 451075 0 0 0 PAULA CRONE DEAN, COMP 402400 0 0 0 1234 0 21375 0 11187 0 436196 0 0 0 CLIVE HOUSTON-BROWN COO 391987 0 0 0 1663 0 21375 0 20499 0 435524 0 0 0 DAVID CONNETT VICE DEAN COMP 351263 0 0 0 3200 0 21375 0 11187 0 387025 0 0 0 STEPHEN FRIEDRICHSEN DEAN COLLEGE OF DENTISTRY 347845 0 0 0 3350 0 21375 0 10615 0 383185 0 0 0 JEFFREY ELO PROF/ADVANCED CLINICAL SERVICES 328028 0 0 0 252 0 21375 0 25023 0 374678 0 0 0 ROBERT WARREN CHIEF OF CLINICAL INTEGRATION 333077 0 0 0 378 0 21375 0 19090 0 373920 0 0 0 PHILLIP NELSON DEAN VETERINARY MEDICINE 330233 0 0 0 3450 0 21375 0 10871 0 365929 0 0 0 ALISSA CRAFT ADVISOR RESEARCH DEVELOPMENT 307394 0 0 0 42733 0 8550 0 5837 0 364514 0 0 0 DANIEL ROBINSON DEAN PHARMACY 326345 0 0 0 5191 0 21375 0 6808 0 359719 0 0 0 ANDREW PUMERANTZ PROF/DIR POPULATION HEALTH 329448 0 0 0 1084 0 21375 0 442 0 352349 0 0 0 DIANE ABRAHAM SR. VP FOR UNIVERSITY ADVANCEMENT 292078 0 0 0 1663 0 21375 0 14991 0 330107 0 0 0 JOSHUA MCFARLEN INTERIM CFO/TREASURER (AS OF 4/21) 173523 0 0 0 144 0 2625 0 8265 0 184557 0 0 0 PART I, LINE 1A QUESTIONS REGARDING COMPENSATION TAX INDENMIFICATION AND GROSS-UP PAYMENTS: THE PRESIDENT RECEIVED A TAX GROSS-UP PAYMENT FOR AN AUTO LEASE, WHICH IS INCLUDED IN COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). HOUSING ALLOWANCE: A BOARD APPROVED HOUSING ALLOWANCE WAS PAID AS A TAXABLE BENEFIT TO THE PRESIDENT, WHICH IS INCLUDED IN COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). IN ADDITION, A HOUSING ALLOWANCE WAS PROVIDED TO SENIOR VP, RESEARCH AND INCLUDED IN COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). A CA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 13080SXD1 2007-10-17 104900000 SEE PART VI 0 0 0 A 105350895 3904806 1914207 1648135 69450895 28432852 2009 1 1 1 1 A 0 0 1 1 0 0.01700 0.01700 0 0 1 A 0 0 0 1 1 1 WELLS FARGO BANK 30.600000000000 1 0 0 0 0 A 1 PART 1, LINE 1: THE PROCEEDS FROM THE BONDS ISSUED ON 10/17/2007 WERE USED BY THE UNIVERSITY FOR THE PURPOSES OF FINANCING THE ACQUISITION, CONSTRUCTIONS, IMPROVEMENT, EXPANSION AND EQUIPPING OF VARIOUS EDUCATIONAL FACILITIES, DEFEASANCE OF CERTAIN OUTSTANDING TAX EXEMPT BONDS AND PAYING COSTS IN CONNECTION WITH THE ISSUANCE OF THE BONDS. THE DATES IN WHICH THEREFUNDED BONDS WERE ISSUED ARE: 04/01/1995 (1995 SERIES A); 05/01/1998 (1998 SERIES A); 06/08/2000 (2000 SERIES B); AND 10/30/2002 (SERIES 2002). PART I, COLUMN E: THE DIFFERENCE IN THE ISSUE PRICE REPORTED IN PART I, COLUMN E AND TOTAL PROCEEDS REPORTED IN PART II, LINE 3 RELATES TO INVESTMENT EARNINGS ON NET PROCEEDS. PART IV, LINE 2C: THE REBATE COMPUTATION WAS LAST PERFORMED IN APRIL 2020. ALEXANDER P AVERSANO SPOUSE TO PAULA CRONE 81379 EMPLOYEE COMPENSATION 0 PART IV: THE EMPLOYMENT CONTRACT BETWEEN WESTERNU AND THE INDIVIDUAL IS INDEPENDENT OF HIS FAMILY RELATIONSHIP WITH THE INTERESTED PERSON OF WESTERNU. ALL TRANSACTIONS ARE DEEMED ARM'S LENGTH. X 2 168316 FMV X EQUIPMENT 1 97838 FMV X INSURANCE 1 87400 FMV X PET FOOD/SUPPLIES 3 73948 FMV 0 1 0 PART I, LINE 33: ITEMS OF A DE-MINIMUS AMOUNT OF LESS THAN $10,000, SUCH AS GIFT BASKETS, DOOR PRIZE AWARDS, AND AUCTION ITEMS, ARE NOT REPORTED AS REVENUE. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR OF THE BOARD AND SUCH OTHER MEMBERS OF THE BOARD AS MAY BE SELECTED AT THE ANNUAL MEETING. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL EXERCISE THE FULL AUTHORITY OF THE BOARD, EXCEPT THAT IT SHALL NOT HAVE THE AUTHORITY TO DO ANY OF THE FOLLOWING: (A) FILL VACANCIES ON THE BOARD OF TRUSTEES OR ON ANY COMMITTEE OF THE BOARD; (B) FIX COMPENSATION OF THE TRUSTEES FOR SERVING ON THE BOARD OR ON ANY COMMITTEE OF THE BOARD; (C) AMEND OR REPEAL BYLAWS OR ADOPT NEW BYLAWS; (D) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS EXPRESS TERMS IS NOT AMENDABLE OR REPEALABLE; (E) APPOINT ANY OTHER COMMITTEES OF THE BOARD OR THE MEMBERS OF THOSE COMMITTEES; (F) APPROVE ANY TRANSACTION IN WHICH THE UNIVERSITY IS A PARTY AND ONE OR MORE TRUSTEES HAVE A MATERIAL FINANCIAL INTEREST; BETWEEN THE UNIVERSITY AND ONE OR MORE OF ITS TRUSTEES; OR BETWEEN THE UNIVERSITY OR ANY PERSON IN WHICH ONE OR MORE OF ITS TRUSTEES HAVE A MATERIAL FINANCIAL INTEREST. IN ADDITION, THE EXECUTIVE COMMITTEE SHALL HAVE THE PRIMARY RESPONSIBILITY FOR IDENTIFYING, RECRUITING AND VETTING POTENTIAL CANDIDATES TO SERVE ON THE BOARD OF TRUSTEES. NOMINATIONS AND OTHER RECOMMENDATIONS MADE BY THE EXECUTIVE COMMITTEE RELATING TO NEW BOARD MEMBERS SHALL BE REFERRED TO THE BOARD OF TRUSTEES FOR ITS CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S PROCESS INVOLVING THE DISTRIBUTION AND REVIEW OF THE FORM 990 IS AS FOLLOWS: THE BOARD OF TRUSTEES APPROVED FOR THE AUDIT COMMITTEE TO REVIEW AND APPROVE THE FORM 990 THROUGH A TELECONFERENCE THIS YEAR. THE FINAL COMPLETE FORM 990 IS DISTRIBUTED TO THE UNIVERSITY'S AUDIT COMMITTEE OF THE BOARD PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. A FULL REVIEW OF THE ENTIRE FORM 990 IS REVIEWED AND DISCUSSED WITH EACH BOARD OF TRUSTEE MEMBER THAT SERVES ON THE FULL BOARD OF TRUSTEE APPOINTED AUDIT COMMITTEE OF THE BOARD. AFTER FULL REVIEW AND DISCUSSION OF INFORMATION REFLECTED IN THE FORM 990, THE COMMITTEE ACCEPTS THE DOCUMENT AND APPROVES ITS FILING TO THE INTERNAL REVENUE SERVICE. THE FORM 990 IS THEN SIGNED BY THE UNIVERSITY'S CHIEF FINANCIAL OFFICER AND ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. WHILE THE JUNE 30, 2021 FORM 990 WAS REVIEWED AND ACCEPTED BY THE AUDIT COMMITTEE OF THE BOARD PRIOR TO THE FILING WITH THE INTERNAL REVENUE SERVICE, COPIES OF THE FINAL JUNE 30, 2021 FORM 990 ARE PROVIDED TO THE FULL BOARD OF TRUSTEES AS WELL AS THE AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY ON A CONTINUOUS BASIS THAT INVOLVES CONSIDERATION OF ALL POTENTIAL INTERESTED PERSONS. A COMPREHENSIVE REVIEW AND DISCUSSION OF THE ADOPTED POLICY IS HELD ANNUALLY WITH ALL UNIVERSITY BOARD OF TRUSTEE MEMBERS. AT THIS MEETING, THE UNIVERSITY'S LEGAL COUNSEL REVIEWS IN DETAIL THE CURRENT POLICY TO ASSURE UNDERSTANDING AND COMPLIANCE WITH THE DISCLOSURE PROCESS. BOARD MEMBERS ARE REQUIRED TO SUBMIT NECESSARY DISCLOSURE FORMS INDICATING WHETHER A CONFLICT EXISTS, AND IF YES, ALL RELATED DETAILS INVOLVING THE POTENTIAL CONFLICT. AN INDEPENDENT REVIEW OF THE DISCLOSURE FORMS IS PERFORMED BY THE UNIVERSITY'S LEGAL COUNSEL, AND IF NECESSARY, FOLLOW UP REQUESTS FOR ADDITIONAL INFORMATION IS MADE. THROUGHOUT THE YEAR, AT BOARD OF TRUSTEE MEETINGS, THE UNIVERSITY'S LEGAL COUNSEL MONITORS COMPLIANCE BY REFERENCING THE CONFLICT OF INTEREST POLICY AND COMMUNICATES REQUIRED STEPS TO BE TAKEN IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST THAT MAY ARISE AT ANY TIME. THIS PROCESS INCLUDES THE UNIVERSITY'S OFFICERS AS WELL. FOR KEY EMPLOYEES, MEETINGS ARE HELD AT THE DEAN'S COUNCIL AND OPERATIONS GROUP LEVEL THAT DISCUSS THE DETAILS OF THE CONFLICT OF INTEREST POLICY (IF ANY) AND THE NECESSARY STEPS TO BE TAKEN TO DISCLOSE AND REPORT ANY POTENTIAL CONFLICTS. FOR POTENTIAL TRANSACTIONS, AGREEMENTS, AND AFFILIATIONS, ETC. THAT MAY INVOLVE ANY UNIVERSITY EMPLOYEE, A THOROUGH REVIEW IS CONDUCTED BY UNIVERSITY'S LEGAL COUNSEL AND OTHER MEMBERS OF EXECUTIVE MANAGEMENT. IN THE EVENT OF ANY POTENTIAL CONFLICT OF INTEREST EXPOSURE, REQUIRED INFORMATION IS REQUESTED AND REVIEWED ON AN INDEPENDENT BASIS. THE INTERESTED PERSON IS EXCUSED FROM PARTICIPATING IN ANY DISCUSSION OR DECISIONS THAT INVOLVE THE OUTCOME OF ANY RELATED TRANSACTIONS. IN ADDITION, DURING THE EMPLOYEE ORIENTATION PROCESS, THE UNIVERSITY REQUIRES ALL NEW EMPLOYEES TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. IF ANY POTENTIAL CONFLICTS OF INTERESTS ARE DISCLOSED, A COMPLETE REVIEW OF INFORMATION IS COMPLETED BY UNIVERSITY'S LEGAL COUNSEL TO DETERMINE THE NATURE, IF ANY, OF POTENTIAL FINANCIAL INTERESTS. IF ANY CONFLICT OF INTEREST IS DISCLOSED, THEN DOCUMENTATION IS PREPARED OUTLINING THE NATURE OF THE CONFLICT, DISCUSSIONS ARE HELD WITH THOSE INVOLVED IN THE CONFLICT, STEPS TAKEN TO REMOVE ACTIVITIES CAUSING THE CONFLICT, AND THERE IS FUTURE FOLLOW UP AND MONITORING OF THE POTENTIAL CONFLICT ACTIVITY. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL DETERMINATION AND APPROVAL OF THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY IS MADE BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD AND THE FULL BOARD OF TRUSTEES. THE UNIVERSITY'S OFFICERS' COMPENSATION IS DETERMINED BY THE PRESIDENT AND APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD AND FULL BOARD OF TRUSTEES. THE KEY EMPLOYEES' COMPENSATION LEVELS ARE DETERMINED BY THEIR RESPECTIVE SUPERVISORS AND APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. ALTHOUGH THE UNIVERSITY'S BOARD OF TRUSTEES HAS GIVEN FULL AUTHORITY TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD TO APPROVE KEY EMPLOYEE COMPENSATION, A FULL REVIEW OF THESE COMPENSATION LEVELS IS CONDUCTED ANNUALLY PRIOR TO THE EMPLOYEE'S RECEIPT OF APPROVED COMPENSATION. ON AN ANNUAL BASIS, THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD CONDUCTS A MEETING TO REVIEW PROPOSED COMPENSATION LEVELS FOR THE UNIVERSITY'S PRESIDENT, OFFICERS, AND KEY EMPLOYEES. THIS PROCESS INCLUDES THE HIRING OF AN INDEPENDENT CONSULTANT THAT HAS A COMPREHENSIVE UNDERSTANDING AND ABILITY TO ASSESS REASONABLE COMPENSATION LEVELS FOR HIGHLY COMPENSATED EMPLOYEES IN THE HIGHER EDUCATION INDUSTRY. THE INDEPENDENT CONSULTANT ADVISES THE COMMITTEE ON ISSUES SUCH AS ECONOMIC CONDITIONS, COMPARABLE SALARIES, CHARACTER AND CONDITION OF THE UNIVERSITY, EMPLOYEES' ROLE IN THE UNIVERSITY, PREVAILING RATES OF COMPENSATION FOR COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS, ETC. THE INDEPENDENT REPORT DISCLOSES WHAT IS CONSIDERED REASONABLE COMPENSATION AND MAXIMUM ALLOWABLE COMPENSATION. THE COMMITTEE ALSO REVIEWS INTERNALLY PREPARED EMPLOYEE PERFORMANCE AND QUALIFICATION EVALUATIONS TO ASSESS VALUE AND BENEFIT TO THE UNIVERSITY. AFTER A THOROUGH REVIEW AND DISCUSSION OF ALL TYPES OF COMPENSATION AND BENEFITS BEING PROPOSED FOR ALL OFFICERS AND KEY EMPLOYEES, THE COMMITTEE DETERMINES THE REASONABLENESS OF COMPENSATION LEVELS. ONCE IT IS ASSURED THAT THE COMMITTEE IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST AND ARE UNRELATED TO THE SUBJECT EMPLOYEES, AND INFORMATION SUPPORTING THE COMPENSATION DATA IS INDEPENDENT AND APPROPRIATE, THE COMMITTEE FORMALLY APPROVES AND DOCUMENTS ITS DETERMINATION OF THE COMPENSATION AMOUNTS. DOCUMENTATION OF THIS COMMITTEE PROCESS INCLUDES THE TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE DATE APPROVED. IT ALSO DISCLOSES COMMITTEE MEMBERS PRESENT, AS WELL AS ACTIONS TAKEN BY ANYONE ON THE COMMITTEE IN THE EVENT OF A CONFLICT OF INTEREST. THE INFORMATION AND DECISIONS MADE BY THE COMMITTEE ARE THEN FORWARDED TO THE FULL BOARD OF TRUSTEES FOR ACCEPTANCE AND APPROVAL, AS CONSIDERED NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE AND ARE MADE WIDELY AVAILABLE TO THE PUBLIC. THE SCHOOL'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DIFFERENTIAL IN VALUE OF SWAP-CONTRACT 6,586,324. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 1,027,145. ADJUSTMENT TO CONTRIBUTIONS RECEIVABLE -521,261. COVID-19 DISCLOSURE: THE UNIVERSITY MADE SOME DRASTIC CHANGES THAT WERE CAUSED BY THE CORONAVIRUS. BEGINNING IN MARCH, 2020, THE UNIVERSITY CLOSED ITS DOORS AND EMPLOYEES WERE REQUIRED TO WORK FROM HOME. STUDENTS AND FACULTY HAD TO REDESIGN THEIR CURRICULUMS SO THEY COULD TEACH REMOTELY. ADMINISTRATION AND STAFF HAD TO LEARN AND BECOME ACCUSTOM TO WORKING FROM HOME. AS NEW COMPLIANCE STANDARDS WERE IMPLEMENTED THE UNIVERSITY WAS REQUIRED TO ADOPTED NEW PROCESSES. FORTUNATELY, THE UNIVERSITY WAS WELL EQUIPPED TO HANDLE SUCH AN EMERGENCY AND OPERATIONS CONTINUED. COMMITTEES WERE FORMED TO HELP ACCOMMODATE CHANGES ON COMPLIANCE AND INFORM THE UNIVERSITY OF NEW RULES IMPLEMENTED BY THE STATE AND FEDERAL GOVERNMENT TO BATTLE THE INFECTIOUS DISEASE. WESTERNU CENTER FOR CLINICAL AND TRANSLATIONAL RESEARCH LLC 309 E SECOND STREET POMONA CA 91766 RESEARCH CA 0 0 WESTERNU PARK HOSPITAL INC 309 E SECOND STREET POMONA CA 91766 951624418 INVESTMENTS CA WESTERNU C 7953 534602 0.83440 1 COMP ENTERPRISES INC 309 E SECOND STREET POMONA CA 91766 954066063 INACTIVE CA WESTERNU C 1.00000 1 WESTERNU MEDICAL GROUP LLC 5909 SE 92ND AVENUE PORTLAND OR 97266 364899044 CLINIC SERVICES OR WESTERNU C 1 CHARITABLE REMAINDER ANNUITIES (12) PRSNL ESTATE CA WESTERNU T 1 CHARITABLE REMAINDER TRUSTS (9) PRSNL ESTATE CA WESTERNU T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 WESTERN MEDICAL GROUP LLC P 57902 FAIR MARKET VALUE SCHEDULE R, PART I: WESTERNU CENTER FOR CLINICAL AND TRANSLATIONAL RESEARCH, LLC WAS LEGALLY DISSOLVED ON JANUARY 4, 2021.