2018-03-07T16:51:25-06:00 2017-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 106 W VINE STREET SUITE 600 LEXINGTON KY 40507 990 2016-07-01 610444708 MIDWAY UNIVERSITY INC MIDW 8598465701 512 EAST STEPHENS STREET MIDWAY KY 40347 DR JOHN P MARSDEN PRESIDENT 8598465701 2018-02-26 1 ALLISON C CARTER P01242412 8592552341 23.145.0.124 2018-02-26 18:30:36 ES P 68BE5A8853F1398D10A827FE6DB32A885535AAEE E35CECBEE90691D6FBA454E35FBE2BC59348A3E2 2016 2021-01-29 14:40:06Z DR JOHN P MARSDEN 512 EAST STEPHENS STREET MIDWAY KY 40347 25139685 0 X WWW.MIDWAY.EDU X 1865 KY MIDWAY UNIVERSITY SHAPES AND INSPIRES THE LIVES OF WOMEN AND MEN IN UNDERGRADUATE AND GRADUATE PROGRAMS THROUGH A STUDENT-CENTERED, GLOBAL EDUCATION THAT LEADS TO REWARDING CAREERS AND RESPONSIBLE CITIZENSHIP. 19 19 444 20 88865 0 1366133 4343468 14895052 19051818 994370 1633103 414718 71695 17670273 25100084 3001691 4809458 0 0 7924047 8728264 0 0 453638 8632699 8220422 19558437 21758144 -1888164 3341940 51003502 57443853 21639106 23089367 29364396 34354486 X MIDWAY UNIVERSITY IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION LOCATED IN MIDWAY, KENTUCKY, FOUNDED IN 1847 AS THE KENTUCKY FEMALE ORPHAN SCHOOL. THE INSTITUTION OFFERS TRADITIONAL PROGRAMS AS WELL AS ACCELERATED PROGRAMS IN THE EVENING AND ONLINE. DEGREES OFFERED INCLUDE ASSOCIATE, BACCALAUREATE AND MASTER'S DEGREES. 0 0 9492218 4809458 16820611 MIDWAY UNIVERSITY OFFERS A LIBERAL ARTS FOUNDATION THROUGH A GENERAL EDUCATION CURRICULUM AND CAREER FOCUSED PREPARATION THROUGH MAJORS AT THE UNDERGRADUATE LEVEL. IN ADDITION, THE UNIVERSITY PROVIDES COEDUCATIONAL ACCELERATED ADULT UNDERGRADUATE AND GRADUATE PROGRAMS IN THE EVENINGS AT THE MAIN CAMPUS AND AT AN OFF CAMPUS SITE IN LEXINGTON AND ONLINE. ALL PROGRAMS ARE INTENDED TO LEAD TO REWARDING CAREERS AND RESPONSIBLE CITIZENSHIP. 918025 THE UNIVERSITY PROVIDES ACADEMIC SUPPORT TO STUDENTS IN THE FORM OF ACADEMIC ADVISORS, ACADEMIC COUNSELING, AND LIBRARY AND COMPUTER SERVICES. THE UNIVERSITY'S 14 - 1 STUDENT-FACULTY RATIO ENSURES EASY ACCESS TO AND DEVELOPMENT OF GOOD RELATIONSHIPS WITH FACULTY. 4037192 THE UNIVERSITY PROVIDES STUDENTS WITH A NUMBER OF OPPORTUNITIES TO BECOME INVOLVED IN SOCIAL, RECREATIONAL, EDUCATIONAL, AND CULTURAL ACTIVITIES. ANNUAL EVENTS INCLUDE NIGHT OF LIGHTS, THE LAST SUPPER, MIDWAY CHRISTMAS VESPERS, AND GRADUATION FESTIVITIES. CHORALE CONCERTS AND STUDENT PRODUCTIONS ADD A CULTURAL DIMENSION TO CAMPUS LIFE. A NUMBER OF STUDENT ACTIVITIES AND ORGANIZATIONS PROVIDE STUDENTS WITH THE OPPORTUNITY TO SUPPLEMENT ACADEMIC LEARNING, SHARPEN LEADERSHIP SKILLS, AND ACTIVELY PARTICIPATE IN THE PROCESS OF PLANNING AND ORGANIZING PROGRAMS. 2129894 30528 THE UNIVERSITY PROVIDES AUXILIARY SERVICES FOR STUDENTS AND FACULTY. THESE SERVICES INCLUDE FOOD SERVICES AND RESIDENCE HALL ACTIVITIES. 2129894 30528 16577329 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 90 0 1 444 1 1 1 0 0 0 0 1 1 1 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 KY X THE ORGANIZATION 8598465701 512 EAST STEPHENS STREET MIDWAY KY 403471112 DR SUVAS G DESAI TRUSTEE 1.00 X 0 0 0 ANNE BOLTON TRUSTEE 1.00 X 0 0 0 BOB M HUTCHISON TRUSTEE 1.00 X 0 0 0 EMILY T GABLE TRUSTEE 1.00 X 0 0 0 KEITH MATHIS TRUSTEE 1.00 X 0 0 0 LINDA L GREEN SECRETARY 1.00 X 0 0 0 CHARLES R HEMBREE TRUSTEE 1.00 X 0 0 0 JANET L HUNTER VICE CHAIR 1.00 X 0 0 0 ELIZABETH L JONES TRUSTEE 1.00 X 0 0 0 DENISE MCCLELLAND TRUSTEE 1.00 X 0 0 0 DR JAMES P ROACH TRUSTEE 1.00 X 0 0 0 BELINDA BMETZGER TRUSTEE 1.00 X 0 0 0 LARRY B TAYLOR TRUSTEE 1.00 X 0 0 0 DAN D STEWART JR TRUSTEE 1.00 X 0 0 0 LYLE F WOLF TRUSTEE 1.00 X 0 0 0 ANITA M BRITTON TRUSTEE 1.00 X 0 0 0 SUSAN M WALDEN TRUSTEE 1.00 X 0 0 0 VIRGINIA FOX TRUSTEE 1.00 X 0 0 0 MIRA BALL TRUSTEE 1.00 X 0 0 0 DONNA MOORE CHAIR 1.00 X 0 0 0 AMY WICKLIFE TRUSTEE 1.00 X 0 0 0 DR JOHN P MARSDEN PRESIDENT 40.00 X 269089 0 65801 DR MARY ELIZABETH STIVERS VICE PRESIDENT, ACADEMIC AFFAIRS 40.00 X 163015 0 10913 ELLEN D GREGORY VICE PRESIDENT OF MARKETING 40.00 X 110000 0 4329 HEATHER BIGARD FORMER VICE PRESIDENT-FINANCE & ADMINISTRATION 40.00 X 164497 0 0 LINDA MEDLEY VICE PRESIDENT-ADVANCEMENT 40.00 X 16000 0 513 KELLY GOSNELL VICE PRESIDENT-ENROLLMENT MANAGEMENT 40.00 X 63639 0 5439 LEAH RICE VICE PRESIDENT-FINANCE & ADMINISTRATION 40.00 X 53808 0 6151 SCOTT BARTON FITZPATRICK FORMER VICE-PRESIDENT OF ADVANCEMENT 40.00 X 93788 0 8702 DR WILLIAM G BROWN ASSOCIATE PROVOST 40.00 X 115500 0 10771 DR BARBARA KITCHEN DEAN 40.00 X 115500 0 10734 1164836 0 123353 6 0 1 0 ARAMARK PO BOX 7548 PHILADELPHIA PA 191017548 OUTSOURCED FACILITIES AND DINING SERVICE 2201974 CROSSHAIR MEDIA PLACEMENT LLC 1023 GARDEN CREEK CIRCLE LOUISVILLE KY 40223 ADVERTISING 301618 ELLUCIAN INC 62814 COLLECTIONS CENTER DR CHICAGO IL 60693 SOFTWARE INSTALLATION 184647 CND WRIGHT SPECIALTY PO BOX 934030 ATLANTA GA 311934030 INSURANCE 127949 HAMBURG PROPERTIES PO BOX 55470 LEXINGTON KY 40555 BUILDING RENT 107124 5 72377 4271091 166838 4343468 TUITION AND FEES 900099 16787988 16787988 AUXILIARY 722210 2218426 59983 2158443 CAFETERIA SALES 722320 45404 45404 19051818 239655 239655 17952 6321 11631 11631 17952 -6321 1394242 11380 0 12174 1394242 -794 1393448 1393448 7089 72377 21106 -14017 -14017 MISCELLANEOUS INCOME 900099 41458 30528 10930 RECOVERIES OF LOSSES ON UNCOLLECT 900099 32623 32623 74081 25100084 16851139 88865 3816612 4809458 4809458 1056354 760330 248119 47905 6286803 4521783 1487816 277204 138922 96778 35644 6500 753295 559406 140695 53194 492890 355423 113850 23617 48357 48357 73713 73713 155857 155857 2060962 2030405 19335 11222 671504 603528 60144 7832 134500 96043 38410 47 835357 316984 518373 288313 274477 11542 2294 683127 683127 1250380 1099661 150719 197208 54923 142285 SOFTWARE & LICENSE FEES 329890 20665 309225 BAD DEBT EXPENSE 326640 326640 MISCELLANEOUS 221036 88692 108896 23448 SUPPLIES 195232 141540 53692 748346 420593 327378 375 21758144 16577329 4727177 453638 47845 1150373 2031096 1328000 6113699 9041782 522863 533085 165860 87482 37045615 20785968 16959758 16259647 25630565 27766329 291968 255674 120571 140758 51003502 57443853 1503947 788596 6401512 9281995 13311960 12696872 421687 321904 21639106 23089367 X 13597786 13818767 6152335 10737041 9614275 9798678 29364396 34354486 51003502 57443853 X 3341940 1360804 287346 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 427 427 0 PART II-B, LINE 1: MIDWAY UNIVERSITY IS A MEMBER OF THE KENTUCKY CHAMBER OF COMMERCE AND COMMERCE LEXINGTON, TO WHICH IT PAID DUES OF $1,075, $161 OF WHICH WERE ALLOCATED TO LOBBYING. MIDWAY UNIVERSITY IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, TO WHICH IT PAID DUES OF $2,348, $164 OF WHICH WERE ALLOCATED TO LOBBYING. MIDWAY UNIVERSITY IS ALSO A MEMBER OF OTHER PROFESSIONAL ASSOCIATIONS, TO WHICH IT PAID DUES IN TOTAL OF $3,127, $102 OF WHICH WERE ALLOCATED TO LOBBYING. 25922532 65719 3054181 420429 28022003 26970034 150237 -358616 839123 25922532 28441930 823664 -122984 2172576 26970034 24913995 223917 3952630 648612 28441930 22463422 191605 3208656 949688 24913995 0.38540 0.34970 0.26490 1 0 1486823 1486823 28772138 14921912 13850226 4905467 4450888 454579 1881187 1413168 468019 16259647 ANNUITIES PAYABLE 321904 321904 21758465 1360804 360824 1721628 20036837 155857 4907390 5063247 25100084 16768375 73478 73478 16694897 155857 4907390 5063247 21758144 PART V, LINE 4: ENDOWMENT FUNDS ARE HELD BY THE UNIVERSITY AND USED FOR THE PURPOSE STIPULATED BY THE DONOR. CURRENTLY, THE ENDOWMENT FUNDS OF THE UNIVERSITY ARE DIRECTED BY DONORS TO PROVIDE TUITION SCHOLARSHIPS FOR MIDWAY UNIVERSITY STUDENTS AND OFFSET COMPENSATION EXPENSE OF MIDWAY UNIVERSITY FACULTY. IT IS MIDWAY UNIVERSITY'S INTENT TO COMPLY WITH THE DONORS' STIPULATIONS FOR THESE FUNDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ANNUITY LIABILITY ADJUSTMENT 72,009. CHANGE IN ASSETS HELD IN TRUST 215,337. EXPENSES NETTED AGAINST REVENUE ON FORM 990 73,478. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FELLOWSHIPS 4,809,458. REVENUE NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 97,932. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES NETTED AGAINST REVENUE ON FORM 990 73,478. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FELLOWSHIPS 4,809,458. REVENUE NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 97,932. PART V, LINE 2C TERM ENDOWMENT INCLUDES TEMPORARILY RESTRICTED FUNDS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL PUBLIC ADVERTISEMENTS, AS WELL AS LITERATURE GIVEN TO PROSPECTIVE STUDENTS, DESCRIBES THE UNIVERSITY AS BEING AN EQUAL OPPORTUNITY INSTITUTION. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY ACTS AS A CONDUIT FOR DISBURSING STUDENT FINANCIAL AID PAYMENTS TO STUDENTS FROM FUNDS PROVIDED BY FEDERAL AGENCIES. THE PURPOSES OF THE FUNDS ARE DEFINED BY FEDERAL AGENCIES. THEY ARE DISBURSED BY THE UNIVERSITY IN ACCORDANCE WITH THOSE DEFINED PURPOSES. SPOTLIGHT AWARDS 79466 72377 7089 21106 79466 72377 7089 21106 21106 -14017 1 SCHOLARSHIPS 448 4809458 PART I, LINE 2: THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT, WHICH DIRECTLY OFFSETS TUITION, FEES, ROOM AND BOARD. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR JOHN P MARSDEN PRESIDENT 269089 0 0 0 0 0 7783 0 58018 0 334890 0 0 0 DR MARY ELIZABETH STIVERS VICE PRESIDENT, ACADEMIC AFFAIRS 163015 0 0 0 0 0 5531 0 5382 0 173928 0 0 0 HEATHER BIGARD FORMER VICE PRESIDENT-FINANCE & ADMI 164497 0 0 0 0 0 0 0 0 0 164497 0 0 0 PART I, LINE 1A HEALTH AND SOCIAL CLUB DUES AND INITIATION FEES: SOCIAL CLUB DUES AND QUARTERLY REQUIRED MEAL FEES FOR THE PRESIDENT ARE PAID BY MIDWAY UNIVERSITY. THE PERSONAL PORTION OF THE DUES IS ADDED TO THE W-2 OF THE PRESIDENT. MIDWAY UNIVERSITY PROVIDES FOR MEALS TO THE PRESIDENT FOR ON-CAMPUS, BUSINESS ACTIVITIES DIRECTED BY THE BOARD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: MIDWAY UNIVERSITY PROVIDES THE PINKERTON-ROUSE HOUSE, A HISTORICAL RESIDENCE, TO THE UNIVERSITY PRESIDENT, WHICH IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS REQUIRED AS A CONDITION OF THE PRESIDENT'S EMPLOYMENT. THE TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE MADE TO COVER THE TAXABLE PORTIONS OF THE SOCIAL CLUB DUES AND VEHICLE USE. DR WILLIAM DRAKE FORMER PRESIDENT SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT X 6662 533085 0 1 1 533085 X HORSES 3 127500 FAIR MARKET VALUE X FURNITURE & FIXTURES 1 28249 FAIR MARKET VALUE X LEASE OF CAMRY PAID IN FULL 1 7774 FAIR MARKET VALUE X EQUINE EQUIPMENT 3 3065 FAIR MARKET VALUE X GYM EQUIPMENT 1 250 FAIR MARKET VALUE 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B POLICY FOR REVIEWING 990: THE BOARD REVIEWED THE 990 AT A MEETING PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST FORM IS COMPLETED ANNUALLY AND MONITORED BY THE BOARD OF TRUSTEES LIASON. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. ANNUALLY AT THE MAY MEETING OF THE BOARD OF TRUSTEES THE EXECUTIVE COMMITTEE DELIBERATES UPON THEIR EVALUATION OF THE PRESIDENT'S PERFORMANCE AND PRESIDENTIAL COMPENSATION DATA ON COMPARABLE INSTITUTIONS FROM THE ADMINISTRATIVE COMPENSATION SURVEY PUBLISHED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) TO ESTABLISH A COMPENSATION LEVEL FOR THE COMING ACADEMIC YEAR. ALL OTHER EXECUTIVES AND KEY EMPLOYEE'S COMPENSATION IS DETERMINED BY THE PRESIDENT. PERFORMANCE EVALUATIONS ARE CONDUCTED ANNUALLY BY DEPARTMENT DIRECTORS AND VICE-PRESIDENT IN-CHARGE. THE EVALUATIONS INCLUDING COMPENSATION INCREASES ARE THEN FORWARDED TO THE PRESIDENT. THE BOARD OF TRUSTEES IN THEIR ANNUAL BUDGET PROCESS SETS A POOL FOR COMPENSATION INCREASES. THE PRESIDENT REVIEWS THE EVALUATIONS AND SUGGESTED COMPENSATION INCREASES THEN DETERMINES EACH EMPLOYEE'S COMPENSATION INCREASE SO AS TO CONFORM IN TOTAL WITH THE POOL SET BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S 990,990T, AND GOVERNING DOCUMENTS MAY BE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ANNUITY LIABILITY ADJUSTMENT 72,009. INCREASE IN ASSETS HELD IN TRUST 215,337. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR FOR OVERSIGHT OF THE AUDIT OR SELECTION OF THE AUDITORS. FORM 990, PART VII THE AMOUNTS OF OTHER COMPENSATION FROM THE UNIVERSITY IN COLUMN (F) INCLUDE A NON-TAXABLE HOUSING BENEFIT FOR PRESIDENT DR. JOHN P. MARSDEN OF $48,682. THIS VALUE REPRESENTS THE ANNUAL FAIR RENTAL VALUE OF THE PROPERTY PER IRC SECTION 119(D) PLUS DIRECT UTILITIES AND EXPENSES OF THE PROPERTY.