MIDWAY UNIVERSITY INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- MIDWAY UNIVERSITY INC (EIN 61-0444708)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-03-13
- IRS object ID
- 201520729349300602
- Schema version
- 2013v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-13T07:54:20-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 273858252 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEAN DORTON ALLEN FORD PLLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 106 W VINE STREET SUITE 600 | AddressLine1 |
| City | LEXINGTON | City |
| State | KY | State |
| ZIP Code | 40507 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 610444708 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDWAY COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MIDW | BusinessNameControlTxt |
| Phone | 8598465701 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 EAST STEPHENS STREET | AddressLine1 |
| City | MIDWAY | City |
| State | KY | State |
| ZIP Code | 40347 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DR JOHN P MARSDEN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8598465701 | PhoneNum |
| Signature | 2015-02-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LEIGH MCKEE | PreparerPersonNm |
| PTIN | P00169845 | PTIN |
| Phone | 8592552341 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DR JOHN P MARSDEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 EAST STEPHENS STREET | AddressLine1 |
| City | MIDWAY | City |
| State | KY | State |
| ZIP Code | 40347 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,894,578 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MIDWAY.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1865 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | MIDWAY COLLEGE SHAPES AND INSPIRES THE LIVES OF STUDENTS IN KENTUCKY'S ONLY COLLEGE FOR WOMEN AND IN COEDUCATIONAL UNDERGRADUATE AND GRADUATE PROGRAMS THROUGH A STUDENT-CENTERED, GLOBAL EDUCATION THAT LEADS TO REWARDING CAREERS AND RESPONSIBLE CITIZENSHIP. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 558 | TotalEmployeeCnt |
| Total Volunteers | 34 | TotalVolunteersCnt |
| Total Gross UBI | $118,424 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $916,525 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,002,008 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $19,604,497 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $16,474,339 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$2,836,962 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,953,059 | CYInvestmentIncomeAmt |
| PY Other Revenue | $77,644 | PYOtherRevenueAmt |
| CY Other Revenue | $376,831 | CYOtherRevenueAmt |
| PY Total Revenue | $17,761,704 | PYTotalRevenueAmt |
| CY Total Revenue | $22,806,237 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,921,667 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,048,949 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,210,274 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,292,161 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $298,198 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,806,674 | PYOtherExpensesAmt |
| CY Other Expenses | $8,422,697 | CYOtherExpensesAmt |
| PY Total Expenses | $23,938,615 | PYTotalExpensesAmt |
| CY Total Expenses | $20,763,807 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$6,176,911 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,042,430 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $47,609,501 | TotalAssetsBOYAmt |
| Total Assets EOY | $50,167,716 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $16,135,959 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,355,592 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $31,473,542 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $34,812,124 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MIDWAY COLLEGE IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION LOCATED IN MIDWAY, KENTUCKY, FOUNDED IN 1847 AS THE KENTUCKY FEMALE ORPHAN SCHOOL. THE RESIDENTIAL CAMPUS REMAINS KENTUCKY'S ONLY WOMEN'S COLLEGE, BUT THE INSTITUTION ALSO OFFERS CO-ED ACCELERATED PROGRAMS IN THE EVENING AND ONLINE. DEGREES OFFERED INCLUDE ASSOCIATE, BACCALAUREATE AND MASTER'S DEGREES. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $8,626,827 | ExpenseAmt |
| Grant | $3,048,949 | GrantAmt |
| Revenue | $15,352,257 | RevenueAmt |
| Desc | MIDWAY COLLEGE IS KENTUCKY'S ONLY COLLEGE FOR WOMEN OFFERING A LIBERAL ARTS FOUNDATION THROUGH A GENERAL EDUCATION CURRICULUM AND CAREER FOCUSED PREPARATION THROUGH MAJORS AT THE UNDERGRADUATE LEVEL. IN ADDITION, THE COLLEGE 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $796,529 | ExpenseAmt |
| Desc | THE COLLEGE PROVIDES ACADEMIC SUPPORT TO STUDENTS IN THE FORM OF ACADEMIC ADVISORS, ACADEMIC COUNSELING, AND LIBRARY AND COMPUTER SERVICES. THE COLLEGES 14-1 STUDENT-FACULTY RATIO ENSURES EASY ACCESS TO AND DEVELOPMENT OF GOOD RELATIONSHIPS WITH FACULTY. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,662,278 | ExpenseAmt |
| Desc | MIDWAY COLLEGE 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. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,999,113 | ExpenseAmt |
| Revenue | $17,520 | RevenueAmt |
| Desc | THE COLLEGE PROVIDES AUXILIARY SERVICES FOR STUDENTS AND FACULTY. THESE SERVICES INCLUDE FOOD SERVICES AND RESIDENCE HALL ACTIVITIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $1,999,113 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $17,520 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $15,084,747 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 104 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 558 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | Yes (1) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARK R WADLINGTON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8598466290 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 512 EAST STEPHENS STREET | AddressLine1 |
| City | MIDWAY | City |
| State | KY | State |
| ZIP Code | 403471112 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MIRA S BALL | |||||||
| LIFE TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR SUVIAS G DESAI | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANNE E BOLTON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BOB M HUTCHISON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| EMILY T GABLE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LINDA L GREEN | |||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DONNA S HALL | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHARLES R HEMBREE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JANET L HUNTER | |||||||
| VICE CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DONNA R MOORE | |||||||
| CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH L JONES | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DENISE MCCLELLAND | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR JAMES P ROACH | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BELINDA B METZGER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LARRY B TAYLOR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAN D STEWART JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LYLE F WOLF | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ANITA M BRITTON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SUSAN M WALDEN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR JOHN P MARSDEN | |||||||
| PRESIDENT | 40.00 | $202,640 | $0 | $63,808 | Yes (X) | ||
| LAURA ARMESTO | |||||||
| PROVOST | 40.00 | $80,000 | $0 | $26,000 | Yes (X) | ||
| LYEN CREWS II UNTIL 53113 | |||||||
| VP BUSINESS AFFAIRS | 40.00 | $134,308 | $0 | $9,864 | Yes (X) | ||
| SCOTT FITZPATRICK | |||||||
| VP OF ADVANCEMENT | 40.00 | $33,423 | $0 | $5,543 | Yes (X) | ||
| KAREN L PETKO | |||||||
| ASSIS VP OF STUDENTS | 40.00 | $81,394 | $0 | $9,256 | Yes (X) | ||
| ELLEN GREGORY | |||||||
| VP OF MARKETING & COLLEGE COMMUNICATIONS | 40.00 | $105,000 | $0 | $11,550 | Yes (X) | ||
| ROY MUNDY | |||||||
| VP OF DEVELOPMENT - UNTIL 5/17/13 | 40.00 | $65,485 | $0 | $2,619 | Yes (X) | ||
| MARK WADLINGTON | |||||||
| VP OF BUSINESS AFFAIRS & CFO | 40.00 | $0 | $0 | $0 | Yes (X) | ||
| ROBERT VOGEL | |||||||
| INTERIM PRESIDENT - UNTIL 1/31/13 | 40.00 | $44,933 | $0 | $10,025 | Yes (X) | ||
| MARLENE M HELM | |||||||
| FACULTY-MAT PROGRAM - UNTIL 12/15/13 | 40.00 | $123,994 | $0 | $10,912 | Yes (X) | ||
| ERIC BOLLAND | |||||||
| FACULTY-BUSINESS | 40.00 | $104,053 | $0 | $25,299 | Yes (X) | ||
| WILLIAM G BROWN | |||||||
| ASSOCIATE PROVOST | 40.00 | $115,500 | $0 | $17,275 | Yes (X) | ||
| JOHNIE DEAN | |||||||
| DIRECTOR COMPLIANCE & RESEARCH | 40.00 | $106,139 | $0 | $11,132 | Yes (X) | ||
| BARBARA KITCHEN | |||||||
| DEAN HEALTH SCIENCES | 40.00 | $115,500 | $0 | $19,860 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,312,369 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $223,143 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| LEARNING HOUSE | |||||
| 333 GUTHRIE STREET 200 | LOUISVILLE | KY | 40202 | ONLINE COURSE DELIVERY | $848,790 |
| HAMBURG PROPERTIES LLC | |||||
| PO BOX 55470 | LEXINGTON | KY | 40555 | BUILDING RENT | $185,952 |
| PLATTFORM ADVERTISING | |||||
| 3111 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | ADVERTISING | $169,402 |
| ELLUCIANDATATEL | |||||
| 4375 FAIR LAKES CIRCLE | FAIRFAX | VA | 22033 | SOFTWARE INSTALLATION & MAINTENANCE | $156,943 |
| LEXINGTON HERALD LEADER | |||||
| 100 MIDLAND AVENUE | LEXINGTON | KY | 40508 | ADVERTISING | $138,939 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $18,256 | FundraisingAmt |
| All Other Contributions | $2,983,752 | AllOtherContributionsAmt |
| Noncash Contributions | $629,216 | NoncashContributionsAmt |
| Total Contributions | $3,002,008 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| TUITION AND FEES | 900099 | $15,011,993 | $15,011,993 | ||
| AUXILIARY | 722210 | $1,442,293 | $108,927 | $1,333,366 | |
| CAFETERIA SALES | 722320 | $20,053 | $20,053 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $16,474,339 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $149,396 | TotalRevenueColumnAmt |
| Exclusion | $149,396 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $23,980 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $13,033 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $10,947 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,947 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $8,366 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,581 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,851,240 | SecuritiesAmt |
| Other | $12,420 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $59,997 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,851,240 | SecuritiesAmt |
| Other | -$47,577 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,803,663 | TotalRevenueColumnAmt |
| Exclusion | $2,803,663 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $22,280 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $18,256 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $15,311 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,969 | TotalRevenueColumnAmt |
| Exclusion | $6,969 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| RECOVERIES OF LOSSES ON UNCOLLECT | 900099 | $340,264 | $340,264 | |
| MISCELLANEOUS INCOME | 900099 | $17,520 | $17,520 | |
| HORSE BOARDING INCOME | 721310 | $1,131 | $1,131 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $358,915 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,806,237 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,369,777 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $118,424 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,316,028 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,048,949 | TotalAmt |
| Program Services | $3,048,949 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $794,296 | TotalAmt |
| Program Services | $598,379 | ProgramServicesAmt |
| Management And General | $174,490 | ManagementAndGeneralAmt |
| Fundraising | $21,427 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,073,921 | TotalAmt |
| Program Services | $5,347,820 | ProgramServicesAmt |
| Management And General | $1,532,846 | ManagementAndGeneralAmt |
| Fundraising | $193,255 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,883 | TotalAmt |
| Program Services | $55,875 | ProgramServicesAmt |
| Management And General | -$9,892 | ManagementAndGeneralAmt |
| Fundraising | $900 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $802,106 | TotalAmt |
| Program Services | $569,527 | ProgramServicesAmt |
| Management And General | $215,454 | ManagementAndGeneralAmt |
| Fundraising | $17,125 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $574,955 | TotalAmt |
| Program Services | $430,316 | ProgramServicesAmt |
| Management And General | $129,015 | ManagementAndGeneralAmt |
| Fundraising | $15,624 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $188,243 | TotalAmt |
| Program Services | $7,475 | ProgramServicesAmt |
| Management And General | $180,331 | ManagementAndGeneralAmt |
| Fundraising | $437 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,567 | TotalAmt |
| Management And General | $178,567 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,032,618 | TotalAmt |
| Program Services | $875,938 | ProgramServicesAmt |
| Management And General | $149,906 | ManagementAndGeneralAmt |
| Fundraising | $6,774 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $889,107 | TotalAmt |
| Program Services | $636,789 | ProgramServicesAmt |
| Management And General | $245,577 | ManagementAndGeneralAmt |
| Fundraising | $6,741 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,265 | TotalAmt |
| Program Services | $28,996 | ProgramServicesAmt |
| Management And General | $20,187 | ManagementAndGeneralAmt |
| Fundraising | $82 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,514 | TotalAmt |
| Program Services | $202,377 | ProgramServicesAmt |
| Management And General | $518,137 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,954 | TotalAmt |
| Program Services | $194,908 | ProgramServicesAmt |
| Management And General | $8,158 | ManagementAndGeneralAmt |
| Fundraising | $3,888 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $532,167 | TotalAmt |
| Management And General | $532,167 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,473,061 | TotalAmt |
| Program Services | $1,315,534 | ProgramServicesAmt |
| Management And General | $157,527 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $185,347 | TotalAmt |
| Program Services | $11,953 | ProgramServicesAmt |
| Management And General | $173,394 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SOFTWARE LICENSES & FEE | $722,954 | $492,414 | $230,540 | |
| BAD DEBT EXPENSE | $499,933 | $499,933 | ||
| MISCELLANEOUS | $424,342 | $191,165 | $201,232 | $31,945 |
| REPAIRS & MAINTENANCE | $290,250 | $3,142 | $287,108 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,029,375 | TotalAmt |
| Program Services | $573,257 | ProgramServicesAmt |
| Management And General | $456,118 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,763,807 | TotalAmt |
| Program Services | $15,084,747 | ProgramServicesAmt |
| Management And General | $5,380,862 | ManagementAndGeneralAmt |
| Fundraising | $298,198 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,363,838 | BOYAmt |
| EOY | $436,621 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,687 | BOYAmt |
| EOY | $169,100 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,580 | BOYAmt |
| EOY | $1,351,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $515,710 | BOYAmt |
| EOY | $291,511 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $564,734 | BOYAmt |
| EOY | $493,634 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,904 | BOYAmt |
| EOY | $194,429 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $35,445,815 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $16,883,800 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,043,114 | BOYAmt |
| EOY | $18,562,015 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,641,332 | BOYAmt |
| EOY | $27,123,399 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,218,307 | BOYAmt |
| EOY | $1,202,863 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,295 | BOYAmt |
| EOY | $343,144 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,609,501 | BOYAmt |
| EOY | $50,167,716 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,161,523 | BOYAmt |
| EOY | $1,415,569 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $514,421 | BOYAmt |
| EOY | $871,117 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,688,348 | BOYAmt |
| EOY | $9,272,336 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,771,667 | BOYAmt |
| EOY | $3,796,570 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,135,959 | BOYAmt |
| EOY | $15,355,592 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,548,529 | BOYAmt |
| EOY | $16,496,267 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,688,492 | BOYAmt |
| EOY | $8,758,578 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,236,521 | BOYAmt |
| EOY | $9,557,279 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,473,542 | BOYAmt |
| EOY | $34,812,124 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,609,501 | BOYAmt |
| EOY | $50,167,716 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,042,430 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $751,760 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$8,263 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $552,655 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $483 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $483 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | MIDWAY COLLEGE IS A MEMBER OF THE KENTUCKY CHAMBER OF COMMERCE AND COMMERCE LEXINGTON, TO WHICH IT PAID DUES OF $960, $144 OF WHICH WERE ALLOCATED TO LOBBYING. MIDWAY COLLEGE IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, TO WHICH IT PAID DUES OF $3,065, $215 OF WHICH WERE ALLOCATED TO LOBBYING. MIDWAY COLLEGE IS ALSO A MEMBER OF OTHER PROFESSIONAL ASSOCIATIONS, TO WHICH IT PAID DUES IN TOTAL OF $5,190, $124 OF WHICH WERE ALLOCATED TO LOBBYING. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $24,913,995 | BeginningYearBalanceAmt |
| Contributions | $223,917 | ContributionsAmt |
| Investment Earnings Or Losses | $3,952,630 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $648,612 | OtherExpendituresAmt |
| End Year Balance | $28,441,930 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $22,463,422 | BeginningYearBalanceAmt |
| Contributions | $191,605 | ContributionsAmt |
| Investment Earnings Or Losses | $3,208,656 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $949,688 | OtherExpendituresAmt |
| End Year Balance | $24,913,995 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,254,482 | BeginningYearBalanceAmt |
| Contributions | $2,768,406 | ContributionsAmt |
| Investment Earnings Or Losses | $841,664 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,401,130 | OtherExpendituresAmt |
| End Year Balance | $22,463,422 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,762,497 | BeginningYearBalanceAmt |
| Contributions | $3,958,713 | ContributionsAmt |
| Investment Earnings Or Losses | $3,355,835 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,822,563 | OtherExpendituresAmt |
| End Year Balance | $23,254,482 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,715,097 | BeginningYearBalanceAmt |
| Contributions | $774,029 | ContributionsAmt |
| Investment Earnings Or Losses | $1,882,998 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $609,627 | OtherExpendituresAmt |
| End Year Balance | $18,762,497 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.35600 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.33600 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.30790 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,486,824 | OtherCostOrOtherBasisAmt |
| Book Value | $1,486,824 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,893,368 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,267,172 | DepreciationAmt |
| Book Value | $15,626,196 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,512,377 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,340,209 | DepreciationAmt |
| Book Value | $1,172,168 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,553,246 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,276,419 | DepreciationAmt |
| Book Value | $276,827 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $18,562,015 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $500,241 |
| INTEREST RATE SWAP AGREEMENT | $46,329 |
| LINE OF CREDIT | $3,250,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,796,570 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $20,867,210 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $751,760 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $657,972 | OtherRevenueAmt |
| Revenue Not Reported | $1,409,732 | RevenueNotReportedAmt |
| Revenue Subtotal | $19,457,478 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $178,567 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $3,170,192 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,348,759 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $22,806,237 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $17,520,365 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $105,317 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $105,317 | ExpensesNotReportedAmt |
| Expenses Subtotal | $17,415,048 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $178,567 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $3,170,192 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,348,759 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $20,763,807 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | ENDOWMENT FUNDS ARE HELD BY THE COLLEGE AND USED FOR THE PURPOSE STIPULATED BY THE DONOR. CURRENTLY, THE ENDOWMENT FUNDS OF THE COLLEGE ARE DIRECTED BY DONORS TO PROVIDE TUITION SCHOLARSHIPS FOR MIDWAY COLLEGE STUDENTS AND OFFSET COMPENSATION EXPENSE OF MIDWAY COLLEGE FACULTY. IT IS MIDWAY COLLEGE'S INTENT TO COMPLY WITH THE DONORS' STIPULATIONS FOR THESE FUNDS. |
| PART X, LINE 2: | THE COLLEGE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE COLLEGE IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. THE COLLEGE HAS ADOPTED THE PROVISIONS OF GAAP RELATING TO UNCERTAINTY IN INCOME TAXES. THE ASSESSMENT INCLUDES EVALUATING THE TAX POSITIONS TAKEN ON ALL INCOME TAX RETURNS THAT REMAIN OPEN TO EXAMINATION BY THE RESPECTIVE TAXING AUTHORITIES (RETURNS FILED AFTER 2010). THE COLLEGE DOES NOT BELIEVE THAT THERE ARE ANY UNCERTAIN TAX POSITIONS ON THOSE RETURNS THAT SHOULD BE REFLECTED IN THE FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES NETTED AGAINST REVENUE ON 990 28,344. INCREASE IN INTEREST IN ASSETS HELD IN TRUST BY OTHERS 523,311. CHANGE IN FAIR MARKET VALUE OF INTEREST RATE SWAP 106,317. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS 3,048,949. REVENUE NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 121,243. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES NETTED AGAINST REVENUE ON 990 28,344. ANNUITY LIABILITY ADJUSTMENT 76,973. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS 3,048,949. REVENUE NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 121,243. |
| PART V, LINE 2C | TERM ENDOWMENT INCLUDES TEMPORARILY RESTRICTED FUNDS. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | Yes (1) | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | ALL PUBLIC ADVERTISEMENTS, AS WELL AS LITERATURE GIVEN TO PROSPECTIVE STUDENTS, DESCRIBES THE COLLEGE AS BEING AN EQUAL OPPORTUNITY INSTITUTION. |
| SCHEDULE E, PART I, LINE 5 | MIDWAY COLLEGE HAS ESTABLISHED A SCHOLARSHIP FUND FOR ALL MINORITY STUDENTS. MINORITY STUDENTS ARE ELIGIBLE TO RECEIVE 100% TUITION SCHOLARSHIPS. |
| SCHEDULE E, PART I, LINE 6 | THE COLLEGE 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 COLLEGE IN ACCORDANCE WITH THOSE DEFINED PURPOSES. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | SPOTLIGHT AWARDS | NameOfEvent1Amt |
| Gross Receipts Event1 | $40,536 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $18,256 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $22,280 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $15,311 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $40,536 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $18,256 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $22,280 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $15,311 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $15,311 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $6,969 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 331 | RecipientCnt |
| Cash Grant | $3,048,949 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT, WHICH DIRECTLY OFFSETS TUITION, FEES, ROOM AND BOARD. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DR JOHN P MARSDEN | PersonNm |
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $202,640 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $9,329 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $54,479 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $266,448 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | HEALTH AND SOCIAL CLUB DUES AND INITIATION FEES: SOCIAL CLUB DUES AND QUARTERLY REQUIRED MEAL FEES FOR THE PRESIDENT ARE PAID BY MIDWAY COLLEGE. THE PERSONAL PORTION OF THE DUES IS ADDED TO THE W-2 OF THE PRESIDENT. MIDWAY COLLEGE PROVIDES FOR MEALS TO THE PRESIDENT FOR ON-CAMPUS, BUSINESS ACTIVITIES DIRECTED BY THE BOARD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: MIDWAY COLLEGE PROVIDES THE PINKERTON-ROUSE HOUSE, A HISTORICAL RESIDENCE, TO THE COLLEGE PRESIDENT, WHICH IS FURNISHED FOR THE CONVENIENCE OF THE COLLEGE AND IS REQUIRED AS A CONDITION OF THE PRESIDENT'S EMPLOYMENT. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF MIDWAY KENTUCKY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 616001871 | BondIssuerEIN |
| CUSIP | NONEAVAIL | CUSIPNum |
| Bond Issued | 2009-11-30 | BondIssuedDt |
| Issue Price | $10,500,000 | IssuePriceAmt |
| Purpose | REFUND PRIOR BONDS, CONSTRUCT CLASSROOM BUILDING, PURCHASE SOFTWARE SYSTEM | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $10,500,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $41,295 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $10,458,705 | CapitalExpendituresAmt |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PNC BANK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 4.700000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DR WILLIAM DRAKE | PersonNm |
| Relationship With Org | FORMER PRESIDENT | RelationshipWithOrgTxt |
| Loan Purpose | INVESTMENT | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $6,662 | OriginalPrincipalAmt |
| Balance Due | $493,634 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $493,634 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II - LOAN TO AND FROM INTERESTED PERSONS | FormAndLineReferenceDesc |
| Explanation | ALSO INCLUDED IN "RELATED PARTY RECEIVABLE" AT JUNE 30, 2014 IS $75,389 ALSO DUE FROM DR. WILLIAM B. DRAKE, JR. FOR ASSESSED BACK FEDERAL INSURANCE CONTRIBUTIONS ACT (FICA) TAXES PAID BY THE COLLEGE ON HIS BEHALF. THIS RECEIVABLE WAS WRITTEN OFF DURING 2014. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $610,195 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | HORSES | 3 | $18,500 | FAIR MARKET VALUE |
| Yes (X) | HORSE SUPPLIE | 1 | $380 | FAIR MARKET VALUE |
| Yes (X) | NURSING SUPPL | 1 | $141 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | MIDWAY COLLEGE OFFERED A NON-CREDIT COLLEGE READINESS PROGRAM BASED ON A CONTRACT WITH THE PANAMANIAN GOVERNMENT. HIGH SCHOOL GRADUATES FROM PANAMA PARTICIPATED IN A NINE MONTH PROGRAM CONSISTING OF COURSES IN ENGLISH CONVERSATION, LEADERSHIP AND CULTURAL ACTIVITIES, AND WEEKEND EXCURSIONS. |
| FORM 990, PART VI, SECTION B, LINE 11 | 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 PRESIDENT'S OFFICE IN CONJUNCTION WITH THE CHAIRMAN OF THE BOARD OF TRUSTEES. |
| 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. 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 PRESIDENT REVIEWS THE EVALUATIONS AND SUGGESTED COMPENSATION INCREASES THEN DETERMINES EACH EMPLOYEE'S COMPENSATION INCREASE. |
| 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 -76,973. INCREASE IN INTEREST IN ASSETS HELD IN TRUST 523,311. CHANGE IN FAIR MARKET VALUE OF INTEREST RATE SWAP AGREEMENTS 106,317. |
| 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 ORGANIZATION IN COLUMN (F) INCLUDE A NON-TAXABLE HOUSING BENEFIT FOR PRESIDENT DR. JOHN P. MARSDEN OF $43,212 AND FORMER PRESIDENT DR. ROBERT VOGEL OF $3,928. THIS VALUE REPRESENTS THEIR APPLICABLE PERCENTAGE OF THE ANNUAL FAIR RENTAL VALUE OF THE PROPERTY PER IRC SECTION 119(D) PLUS DIRECT UTILITIES OF THE PROPERTY. |