2025-07-15T12:11:08+00:00 2024-08-31 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2023-09-01 381308480 Walsh College of Accountancy & Business Administration WALS 2486898282 3838 LIVERNOIS RD TROY MI 48083 SUZANNE SIEGLE PRESIDENT & CEO 2025-07-15 true true Lauren Denton P01571860 2604604000 2025-07-15 2023 2025-03-06 01:10:19Z SUZANNE SIEGLE 3838 LIVERNOIS RD TROY MI 48083 51471072 false X WWW.WALSHCOLLEGE.EDU X 1922 MI PROVIDES A TRANSFORMATIVE BUSINESS AND TECHNOLOGY EDUCATION THAT COMBINES THEORY, APPLICATION, AND PROFESSIONAL EXPERIENCE TO PREPARE GRADUATES FOR SUCCESSFUL CAREERS. 17 17 252 17 34199 26393 1060878 1653841 16719780 15010770 2883595 565879 186712 0 20850965 17230490 855167 1150428 0 14914632 14267164 0 0 737558 7587161 6059996 23356960 21477588 -2505995 -4247098 60546931 47145742 15034400 3460115 45512531 43685627 X WALSH PROVIDES A TRANSFORMATIVE BUSINESS AND TECHNOLOGY EDUCATION THAT COMBINES THEORY, APPLICATION, AND PROFESSIONAL EXPERIENCE TO PREPARE GRADUATES FOR SUCCESSFUL CAREERS. false false 10114629 15010770 WALSH PROVIDES A TRANSFORMATIVE BUSINESS AND TECHNOLOGY EDUCATION THAT COMBINES THEORY, APPLICATION, AND PROFESSIONAL EXPERIENCE TO PREPARE GRADUATES FOR SUCCESSFUL CAREERS. PROGRAMS INCLUDE HANDS-ON CURRICULUM DELIVERED IN SMALL CLASS SETTINGS, BOTH ON GROUND AND VIRTUALLY, SYNCHRONOUS AND ASYNCHRONOUS, BY ACADEMIC FACULTY WITH REAL-WORLD EXPERIENCE. MORE THAN 1,000 STUDENTS WERE ENROLLED FOR FY 2023-2024. 3553225 STUDENT SERVICES WALSH PROVIDES STUDENTS A STRONG NETWORK OF SUPPORT INCLUDING ADMISSIONS AND ACADEMIC ADVISING, FINANCIAL AID, VETERAN SERVICES, STUDENT LIFE, ACADEMIC TUTORING, AND CAREER SERVICES. SUPPORT BEGINS WITH ADMISSIONS ADVISORS AT THE FIRST ADMISSIONS INQUIRY AND CONTINUES BEYOND GRADUATION WITH OUR EXTENSIVE RANGE OF CAREER SERVICES. 1150428 1150428 SCHOLARSHIPS A VARIETY OF SCHOLARSHIPS ARE AVAILABLE TO INCOMING UNDERGRADUATE AND GRADUATE STUDENTS AND INCLUDE ACADEMIC AWARDS, COMMUNITY COLLEGE EXCELLENCE AWARDS, AND MULTICULTURAL AWARDS. 1497610 OTHER PROGRAM SERVICES THE WALSH LIBRARY COLLECTION CONSISTS OF APPROXIMATELY 25,000 VOLUMES TOTALLY FOCUSED TO SUPPORT THE BUSINESS PROGRAMS OFFERED AT WALSH. IN ADDITION, THERE ARE OVER 742,000 E-BOOKS AND 123 ONLINE DATABASES. 1497610 16315892 true true false false false false false false true true true false false true false false true true false true false false false false false false false true true false false false false false false false false false false false false false true true true false false true 1889 0 true 252 true true true false false false false false false false false false false false X 17 17 true false false false false false false true true false false true true true true true true true true false X SUZANNE SIEGLE 2486988282 3838 LIVERNOIS ROAD TROY MI 48083 DAVID J PETOSKY TRUSTEE/CHAIR 0.3 0.3 X X 0 0 0 LOUIS C SCHMIDT JR TRUSTEE/VICE CHAIR 0.3 0.3 X X 0 0 0 A MARK ZEFFIRO TRSUTEE 0.3 0 X 0 0 0 ALAN J KAUFMAN JD TRUSTEE 0.3 0 X 0 0 0 BRIAN PILARSKI TRUSTEE 0.3 0.3 X 0 0 0 DAVID C LEWIS SR TRUSTEE 0.3 0 X 0 0 0 DAVID F GIRODAT TRUSTEE 0.3 0.3 X 0 0 0 GERALD CHIDDICK TRUSTEE 0.3 0 X 0 0 0 GERALD SCHAFER TRUSTEE 0.3 0.3 X 0 0 0 JACKIE BUCHANAN TRUSTEE 0.3 0 X 0 0 0 KATHLEEN M KOSMATKA TRUSTEE 0.3 0 X 0 0 0 MICHAEL DAVENPORT TRUSTEE 0.3 0 X 0 0 0 MICHAEL J PLOTZKE TRUSTEE 0.3 0 X 0 0 0 MICHELLE ACCIAVATTI TRUSTEE 0.3 0 X 0 0 0 THOMAS W PROCTOR TRSUTEE 0.3 0 X 0 0 0 VAN CONWAY TRUSTEE 0.3 0 X 0 0 0 WILLIAM C RONEY III TRUSTEE 0.3 0 X 0 0 0 DAVE SCHIPPERS CHIEF ACADEMIC OFFICER 40.0 0 X 241215 0 22541 ERIK VANDYCK VP, CORPORATE ENGAGEMENT 40.0 0 X 112540 0 34890 JACLYN PUMMILL CHEIF OFFICER PEOPLE OPERATIONS & STRATEGY 40.0 0 X 83737 0 12969 RYAN MATTHEW ROBINET VP, ADVANCEMENT (LEFT 11/2023) 40.0 0 X 152011 0 20097 SHANNON HERBST VP, CFO 40.0 0 X 95344 0 20071 SUZANNE SIEGLE PRESIDENT & CEO 40.0 1.0 X 276143 0 24021 THOMAS PETZ CHIEF OPERATING OFFICER 40.0 0 X 258731 0 53650 CHRISTOPHER MICHA HEIDEN FACULTY 40.0 0 X 192503 0 38553 JAVAD KATIBAI FACULTY 40.0 0 X 182812 0 16546 JOHN A MOORE FACULTY 40.0 0 X 187814 0 36567 MARIA ANN GISTINGER FACULTY 40.0 0 X 254437 0 40105 TERRI L RICHARDS FACULTY 40.0 0 X 201473 0 36442 LESLIE ANN MILLER VP, CFO, TREASURER 40.0 0 X 109364 0 22533 MICHAEL LEVENS PRESIDENT & CEO 40.0 1.0 X 112673 0 0 2460797 0 378985 26 true true false HIGHNOON VENTURES LLC 5343 N 16TH ST SUITE 300 PHOENIX AZ 85016 ADVERTISING 618612 MEDIA GENESIS INC 901 TOWER DRIVE SUITE 420 TROY MI 48098 ADVERTISING 523200 SALESFORCE INC SALESFORCE TOWER 415 MISSION STREET SAN FRANCISCO CA 94105 SOFTWARE 273351 TONDRO CONSULTING LLC 111 CONGRESS AVENUE SUITE 500 AUSTIN TX 78701 CONSULTING 270000 FORVIS MAZAR LLP 111 E WAYNE ST 6TH FLOOR FORT WAYNE IN 46802 ACCOUNTING 177951 10 1560256 93585 1653841 TUITION AND FEES 611600 15004617 15004617 BOOKSTORE COMISSIONS 611600 6153 6153 0 0 0 0 15010770 551112 34199 516913 0 0 34255349 34240582 14767 0 14767 14767 0 0 0 0 0 17230490 15010770 34199 531680 1150428 1150428 876301 122682 753619 10209100 8083980 1671407 453713 765188 566239 168341 30608 1610983 1192128 354416 64439 805592 596138 177230 32224 106376 106376 177951 177951 35965 35965 626777 532760 62678 31339 1186158 1008236 118616 59306 379837 322861 37984 18992 595910 595910 117077 49091 48680 19306 52887 45586 7023 278 324061 324061 1545359 1407204 110802 27353 268989 268989 LIBRARY SERVICES 396950 396950 BAD DEBT EXPENSE 181135 181135 RECRUITING 56866 56866 SPECIAL EVENTS 7698 7698 0 0 0 0 21477588 16315892 4424138 737558 1054828 2271369 383400 1794392 51455 22500 442487 360478 0 0 0 0 0 0 0 0 976742 869765 44986596 21635620 24558343 23350976 26239549 12771371 5727636 5704891 0 0 0 1112491 0 60546931 47145742 1634723 862202 0 0 1182553 1603981 10967180 0 0 0 0 0 0 0 0 0 1249944 993932 15034400 3460115 X 44180475 42395960 1332056 1289667 45512531 43685627 60546931 47145742 X -4247098 2641175 -220981 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 false true true 1369152 1369152 31631862 11861192 19770670 7264326 6133266 1131060 4721256 3641162 1080094 23350976 ALTERNATIVE INVESTMENTS 5704891 F 5704891 ACCRUED PENSION 993880 DUE TO WALSH FOUNDATION 52 993932 18464291 2641175 0 2641175 15823116 35965 1371409 1407374 17230490 20291195 0 0 20291195 35965 1150428 1186393 21477588 Schedule D, Part X, Line 2 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, Part V, Line 4 Intended uses of endowment funds THE MAJORITY OF WALSH'S ENDOWMENTS, WHICH ARE HELD BY THE FOUNDATION, ARE FOR UNDERGRADUATE AND GRADUATE SCHOLARSHIPS. THE REMAINING ENDOWMENTS PROVIDE TUTORING, SUPPORT FOR ACCOUNTING FUNDAMENTALS AND STUDENT GOVERNMENT, AND AN AWARD FOR ACADEMIC EXCELLENCE. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements PENSION INCOME - 122546 INTEREST RATE SWAP - 98435 STUDENT AID RECLASS - 1150428 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT AID RECLASS - 1150428 true true true true true true true false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY WALSH'S NONDISCRIMINATORY POLICY IS ON STUDENT APPLICATIONS, COLLEGE PUBLICATIONS, AND IS POSTED ON THE WEBSITE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT WALSH RECEIVES FEDERAL PELL GRANTS AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, BASED UPON STUDENT ELIGIBILITY, FROM THE FEDERAL DEPARTMENT OF EDUCATION. THE INSTITUTION ALSO RECEIVED GRANTS FROM THE STATE OF MICHIGAN BASED UPON STUDENT ELIGBILITY. THESE FUNDS ARE USED TO ASSIST WITH THEIR COST OF ATTENDANCE. true Central America and the Caribbean 0 0 Investments N/A 1100933 0 0 0 0 0 0 1100933 0 1100933 true false true false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds N/A - GRANT FUNDS ARE NOT USED OUTSIDE THE UNITED STATES. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEA true SCHOLARSHIPS 362 1150428 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds SCHOLARSHIPS ARE APPLIED DIRECTLY TO INSTITUTIONAL CHARGES. DIRECT COSTS INCURRED TO SUPPORT THE PRIMARY FUNCTIONS OF WALSH COLLEGE ARE SPECIFICALLY IDENTIFIED TO THE BENEFITING ACTIVITY. RESTRICTED FUNDS, INCLUDING FEDERAL AWARDS, ARE RECORDED IN SEPARATE FUNDS AND DIRECT EXPENDITURES OF THESE PROGRAMS ARE RESTRICTED TO THE EXCLUSIVE PURPOSE OF THE AWARD. ALL SPONSORED PROJECTS ARE INCLUDED IN THE DIRECT COST BASE. INDIRECT COSTS ARE ALLOCATED PROPORTIONALLY AS PRESCRIBED IN OMB CIRCULAR A-21. ANY UNDER RECOVERY OF INDIRECT COSTS FROM ANY SPONSORED ACTIVITY IS NOT CHARGED TO ANY OTHER SPONSORED PROJECT EITHER DIRECTLY OR INDIRECTLY. X X X X X false false false false false false false false false MICHAEL LEVENS PRESIDENT & CEO 112673 0 0 0 0 0 0 0 0 0 112673 0 0 0 LESLIE ANN MILLER VP, CFO, TREASURER 109364 0 0 0 0 0 7365 0 15168 0 131897 0 0 0 SUZANNE SIEGLE PRESIDENT & CEO 276143 0 0 0 0 0 22052 0 1969 0 300164 0 0 0 DAVE SCHIPPERS CHIEF ACADEMIC OFFICER 241215 0 0 0 0 0 14486 0 8055 0 263756 0 0 0 RYAN MATTHEW ROBINET VP, ADVANCEMENT (LEFT 11/2023) 152011 0 0 0 0 0 12186 0 7911 0 172108 0 0 0 THOMAS PETZ CHIEF OPERATING OFFICER 258731 0 0 0 0 0 20786 0 32864 0 312381 0 0 0 MARIA ANN GISTINGER FACULTY 254437 0 0 0 0 0 19537 0 20568 0 294542 0 0 0 TERRI L RICHARDS FACULTY 201473 0 0 0 0 0 25491 0 10951 0 237915 0 0 0 CHRISTOPHER MICHA HEIDEN FACULTY 192503 0 0 0 0 0 12843 0 25710 0 231056 0 0 0 JOHN A MOORE FACULTY 187814 0 0 0 0 0 25616 0 10951 0 224381 0 0 0 JAVAD KATIBAI FACULTY 182812 0 0 0 0 0 14956 0 1590 0 199358 0 0 0 Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,497,610 including grants of $) OTHER PROGRAM SERVICES THE WALSH LIBRARY COLLECTION CONSISTS OF APPROXIMATELY 25,000 VOLUMES TOTALLY FOCUSED TO SUPPORT THE BUSINESS PROGRAMS OFFERED AT WALSH. IN ADDITION, THERE ARE OVER 742,000 E-BOOKS AND 123 ONLINE DATABASES. Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION THE COMPENSATION OF THE OFFICERS IS APPROVED BY THE GOVERNANCE AND COMPENSATION COMMITTEE AND BY THE BOARD OF TRUSTEES. THE COMPENSATION IS EITHER SET BY WRITTEN CONTRACT AND/OR ANNUALLY BASED ON COMPENSATION SURVEYS AND/OR INDEPENDENT COMPENSATION CONSULTANT. THIS PROCESS WAS LAST PERFORMED IN 2024. Form 990, Part VI, Line 11b Review of form 990 by governing body THIS FORM IS REVIEWED BY THE CFO AND ALL TRUSTEES OF AUDIT AND RISK MANAGEMENT COMMITTEE. A COPY OF THIS FORM 990 IS POSTED TO AN INTERNAL BOARD SITE SO THAT IS AVAILABLE TO ALL TRUSTEES PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy TRUSTEES, OFFICERS, EXECUTIVE AND SELECTIVE KEY ADMINISTRATORS ARE REQUIRED TO FILE A CONFLICT OF INTEREST STATEMENT ANNUALLY AND EVERY TIME THERE A DECISION UNDER CONSIDERATION IN WHICH SUCH A PERSON MAY HAVE AN INTEREST. IF A CONFLICT IS DISCOVERED, THE PERSON WITH THE CONFLICT WILL REMOVE THEMSELF FROM THE ROOM DURING ANY DISCUSSION AND RESCUSE THEMSELF FROM ANY MOTION, VOTE OR PROPOSAL. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH WRITTEN OR VERBAL REQUESTS. Form 990, Part VII, Section A COLUMN (B): HOURS WORKED FOR RELATED ORGANIZATION THE OFFICERS LISTED ON PART VII OF FORM 990 EACH SPEND 1 HOUR PER WEEK WORKING FOR THE WALSH COLLEGE FOUNDATION, A RELATED ORGANIZATION. Form 990, Part XI, Line 9 Other changes in net assets or fund balances PENSION ADJUSTMENT - -122546; CHANGE IN SPLIT INTEREST AGREEMENT - -98435; THE WALSH COLLEGE FOUNDATION 3838 LIVERNOIS TROY MI 48083 200664128 FUNDRAISING MI 501(c)(3) 7 WALSH COLLEGE true false false true false false false false false false false false true true true true true true false false WALSH COLLEGE FOUNDATION C 1560256 CASH