WESTERN UNIVERSITY OF HEALTH SCIENCES: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WESTERN UNIVERSITY OF HEALTH SCIENCES (EIN 95-3127273)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201341349349307904
- Schema version
- 2011v1.5
- 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
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T19:46:23-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CALIFORNIA STREET SUITE 2300 | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 953127273 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Western University of Health Sciences | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % KEVIN SHAW | InCareOfName |
| Name Control | WEST | NameControl |
| Phone | 9096236116 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 309 East Second Street | AddressLine1 |
| City | Pomona | City |
| State | CA | State |
| ZIP Code | 917661889 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN SHAW | Name |
| Title | CFO/TREASURER | Title |
| Date Signed | 2013-05-13 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH S DE TRANE | Name |
| Phone | 4159863900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Philip Pumerantz | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 309 East Second Street | AddressLine1 |
| City | Pomona | City |
| State | CA | State |
| ZIP Code | 917661889 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 288768906 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.westernu.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1977 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | To provide medical and health education to graduate students by offering various educational programs and degrees. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1072 | TotalNbrEmployees |
| Total Nbr Volunteers | 1921 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5930419 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 12223292 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 115964912 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 137843623 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 746016 | InvestmentIncomePriorYear |
| Investment Income Current Year | 475787 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3493151 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1273042 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 126134498 | TotalRevenuePriorYear |
| Total Revenue Current Year | 151815744 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2173782 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2783560 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 75267433 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 87193254 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3655463 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 47272256 | OtherExpensePriorYear |
| Other Expenses Current Year | 64904966 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 124713471 | TotalExpensesPriorYear |
| Total Expenses Current Year | 154881780 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1421027 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3066036 | RevenuesLessExpensesCY |
| Total Assets BOY | 242174952 | TotalAssetsBOY |
| Total Assets EOY | 261259361 | TotalAssetsEOY |
| Total Liabilities BOY | 175096482 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 198115214 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 67078470 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 63144147 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE MEDICAL AND HEALTH EDUCATION TO GRADUATE STUDENTS BY OFFERING VARIOUS EDUCATIONAL PROGRAMS AND DEGREES. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 121387770 | Expense |
| Grants | 2783560 | Grants |
| Revenue | 135437451 | Revenue |
| Description | WESTERN UNIVERSITY OF HEALTH SCIENCES IS THE LARGEST GRADUATE UNIVERSITY FOR THE HEALTH PROFESSIONS IN THE WESTERN U.S. WESTERN UNIVERSITY GRADUATES PHYSICIANS, PHARMACISTS, NURSES, PHYSICIAN ASSISTANTS, PHYSICAL THERAPISTS, VETERINARIANS, DENTISTS, PODIATRISTS, OPTOMETRISTS, AND RESEARCHERS. THE UNIVERSITY PROVIDES DEGREES TO STUDENTS IN THE FIELDS OF OSTEOPATHIC MEDICINE, PHYSICAL THERAPY, PHYSICIANS ASSISTANTS, PHARMACOLOGY, VETERINARY MEDICINE, NURSING, DENTISTRY, PODIATRY, OPTOMETRY AND BIOMEDICAL SCIENCES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6206095 | Expense |
| Revenue | 3391186 | Revenue |
| Description | THE UNIVERSITY HAS MEDICAL CENTERS THAT PROVIDE PRACTICAL TRAINING FOR OUR STUDENTS TO THE PUBLIC. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 127593865 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 767 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1072 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KEVIN SHAW | NamePerson |
| Telephone Number | 9096236116 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 309 EAST SECOND STREET | AddressLine1 |
| City | Pomona | City |
| State | CA | State |
| ZIP Code | 917661889 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| John McGwire | |||||||
| Member-At-Large | 1.0 | X | 0 | 0 | 0 | ||
| Maureen Duffy-Lewis | |||||||
| Member-At-Large | 1.0 | X | 0 | 0 | 0 | ||
| Mike Quick | |||||||
| Member-At-Large | 1.0 | X | 0 | 0 | 0 | ||
| Linda Crans | |||||||
| Member-At-Large | 1.0 | X | 0 | 0 | 0 | ||
| David Sadava | |||||||
| Member-At-Large | 1.0 | X | 0 | 0 | 0 | ||
| Gene Barduson | |||||||
| Member-At-Large | 1.0 | X | 0 | 0 | 0 | ||
| Vincent Naimoli | |||||||
| Member-At-Large | 1.0 | X | 0 | 0 | 0 | ||
| Derek Samuel | |||||||
| Member-At-Large | 1.0 | X | 0 | 0 | 0 | ||
| Warren Lawless | |||||||
| Chairman | 1.0 | X | 6000 | 0 | 0 | X | |
| Richard Bond | |||||||
| Vice Chairman | 1.0 | X | 0 | 0 | 0 | X | |
| Ethan Allen | |||||||
| Treasurer | 1.0 | X | 0 | 0 | 0 | X | |
| John Forbing | |||||||
| Secretary | 1.0 | X | 0 | 0 | 0 | X | |
| Tony Chan | |||||||
| Member-at-Large | 1.0 | X | 0 | 0 | 0 | ||
| Philip Pumerantz | |||||||
| President | 40.0 | 473860 | 0 | 68401 | X | ||
| Benjamin L Cohen | |||||||
| COO/Provost | 40.0 | 513496 | 0 | 19633 | X | ||
| Kevin D Shaw | |||||||
| CFO/Treasurer | 40.0 | 288818 | 0 | 35865 | X | ||
| Gary M Gugelchuk | |||||||
| Executive VP Academic Affairs | 40.0 | 275533 | 0 | 23428 | X | ||
| Clinton Adams | |||||||
| Dean of COMP | 40.0 | 387301 | 0 | 19615 | X | ||
| Lawrence B Harkless | |||||||
| Dean of Podiatry | 40.0 | 329564 | 0 | 19633 | X | ||
| Steven J Henriksen | |||||||
| VP Research | 40.0 | 284224 | 0 | 26181 | X | ||
| J Michael Finley | |||||||
| Assoc Dean Clinical Affairs | 40.0 | 278949 | 0 | 19687 | X | ||
| Thomas Fox | |||||||
| Senior Vice President | 40.0 | 287478 | 0 | 27614 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3125223 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 260057 | TotalOtherCompensation |
| Number Individuals GT100 K | 265 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| PMB Pomona LLC | |||||
| 12348 High Bluff Drive 100 | SAN DIEGO | CA | 92130 | Real Estate Dvpmt. | 1054623 |
| Imperial Security Service Inc | |||||
| 2555 Poplar Avenue | MEMPHIS | TN | 38122 | Security | 761780 |
| Commerce City Maintenance Co | |||||
| PO Box 2269 | WALNUT | CA | 91788 | Maintenance | 756169 |
| LCS Constructors Inc | |||||
| 15205 Alton Parkway | IRVINE | CA | 92618 | Construction | 488059 |
| Statewide CA Elctrnc Library Consor | |||||
| PO Box 2269 | WALNUT | CA | 90060 | Subscription | 210833 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 15 | NumberOfContractorsGT100K |
| Fundraising Events | 200604 | FundraisingEvents |
| Government Grants | 2192577 | GovernmentGrants |
| All Other Contributions | 9830111 | AllOtherContributions |
| Noncash Contributions | 277757 | NoncashContributions |
| Total Contributions | 12223292 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| NET TUITION REVENUE | 611710 | 131369032 | 131369032 | |
| BOOKSTORE REVENUE | 451211 | 1288499 | 1288499 | |
| STUDENT FEES | 611710 | 1305450 | 1305450 | |
| MEDICAL CLINIC REVENUE | 621400 | 3289318 | 3289318 | |
| STUDENT PARKING | 812930 | 591324 | $591,324 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 137843623 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 621396 | TotalRevenueColumn |
| Exclusion | $621,396 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 38712 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 38712 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38712 | TotalRevenueColumn |
| Exclusion | $38,712 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 136708145 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 136853754 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -145609 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -145609 | TotalRevenueColumn |
| Exclusion | -$145,609 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 64131 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 200604 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 99408 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -35277 | TotalRevenueColumn |
| Exclusion | -$35,277 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| OUTSIDE REVENUES | 900099 | 877387 | 877387 | |
| STAFF PARKING | 900099 | 284593 | $284,593 | |
| OTHER EDUCATIONAL REVENUE | 900099 | 101503 | 101503 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6124 | TotalRevenueColumn |
| Related Or Exempt Function Income | 6124 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1269607 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 151815744 | TotalRevenueColumn |
| Related Or Exempt Function Income | 138237313 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,355,139 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2783560 | Total |
| Program Services | 2783560 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1699034 | Total |
| Management And General | 1699034 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 276540 | Total |
| Program Services | 276540 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69066813 | Total |
| Program Services | 60739555 | ProgramServices |
| Management And General | 5943536 | ManagementAndGeneral |
| Fundraising | 2383722 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4719900 | Total |
| Program Services | 4051000 | ProgramServices |
| Management And General | 509871 | ManagementAndGeneral |
| Fundraising | 159029 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6373049 | Total |
| Program Services | 5473239 | ProgramServices |
| Management And General | 685883 | ManagementAndGeneral |
| Fundraising | 213927 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5057918 | Total |
| Program Services | 4343894 | ProgramServices |
| Management And General | 544267 | ManagementAndGeneral |
| Fundraising | 169757 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 957826 | Total |
| Program Services | 352816 | ProgramServices |
| Management And General | 605010 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 259740 | Total |
| Management And General | 259740 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64572 | Total |
| Management And General | 64572 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5948409 | Total |
| Program Services | 4160475 | ProgramServices |
| Management And General | 1738989 | ManagementAndGeneral |
| Fundraising | 48945 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 758447 | Total |
| Program Services | 315729 | ProgramServices |
| Management And General | 414008 | ManagementAndGeneral |
| Fundraising | 28710 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2306656 | Total |
| Program Services | 1344601 | ProgramServices |
| Management And General | 888306 | ManagementAndGeneral |
| Fundraising | 73749 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1501897 | Total |
| Program Services | 784504 | ProgramServices |
| Management And General | 706383 | ManagementAndGeneral |
| Fundraising | 11010 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8060343 | Total |
| Program Services | 7007843 | ProgramServices |
| Management And General | 878045 | ManagementAndGeneral |
| Fundraising | 174455 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1492893 | Total |
| Program Services | 1334383 | ProgramServices |
| Management And General | 111141 | ManagementAndGeneral |
| Fundraising | 47369 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 822073 | Total |
| Program Services | 668935 | ProgramServices |
| Management And General | 132629 | ManagementAndGeneral |
| Fundraising | 20509 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5972202 | Total |
| Program Services | 5972202 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7883862 | Total |
| Program Services | 5282187 | ProgramServices |
| Management And General | 2365159 | ManagementAndGeneral |
| Fundraising | 236516 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1048687 | Total |
| Program Services | 49417 | ProgramServices |
| Management And General | 999270 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| CHANGE IN VALUE OF SWAP | 14586632 | 10939974 | 3646658 | |
| ROTATIONS EXPENSE | 2631951 | 2631951 | ||
| BOOKSTORE COST OF GOODS SOLD | 1564657 | 1564657 | ||
| REPAIRS & MAINTENANCE | 1883686 | 1262069 | 565106 | 56511 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7160433 | Total |
| Program Services | 6254334 | ProgramServices |
| Management And General | 874845 | ManagementAndGeneral |
| Fundraising | 31254 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 154881780 | Total |
| Program Services | 127593865 | ProgramServices |
| Management And General | 23632452 | ManagementAndGeneral |
| Fundraising | 3655463 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1740985 | BOY |
| EOY | 1633244 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5222814 | BOY |
| EOY | 10922120 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1618645 | BOY |
| EOY | 3296501 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24094188 | BOY |
| EOY | 24460105 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1324371 | BOY |
| EOY | 1181317 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1451123 | BOY |
| EOY | 1165258 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 200817290 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 54716543 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 147898575 | BOY |
| EOY | 146100747 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51327130 | BOY |
| EOY | 64807353 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7497121 | BOY |
| EOY | 7692716 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 242174952 | BOY |
| EOY | 261259361 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15697436 | BOY |
| EOY | 18488684 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16294740 | BOY |
| EOY | 22680142 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100390000 | BOY |
| EOY | 98910000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42714306 | BOY |
| EOY | 58036388 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 175096482 | BOY |
| EOY | 198115214 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50313028 | BOY |
| EOY | 44329379 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8435664 | BOY |
| EOY | 9440514 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8329778 | BOY |
| EOY | 9374254 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67078470 | BOY |
| EOY | 63144147 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 242174952 | BOY |
| EOY | 261259361 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -3066036 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -868287 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | true | GrantsOtherOrganizations |
| Grants Other Organizations | $2,700 | GrantsOtherOrganizationsAmount |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 2700 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Description of lobbying activities | Identifier |
| Return Reference | Schedule C, Part II-B, line 1F | ReturnReference |
| Explanation | The university paid indirect lobbying expenses through membership dues paid to an outside organization. The lobbying expenses were used to expand osteopathic medical awareness. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9354651 | BeginningOfYearBalance |
| Contributions | 703212 | Contributions |
| Investment Earnings Or Losses | -24605 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 541925 | GrantsOrScholarships |
| End Of Year Balance | 9491333 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7912608 | BeginningOfYearBalance |
| Contributions | 225198 | Contributions |
| Investment Earnings Or Losses | 1703320 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 486475 | GrantsOrScholarships |
| End Of Year Balance | 9354651 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7272059 | BeginningOfYearBalance |
| Contributions | 271049 | Contributions |
| Investment Earnings Or Losses | 903107 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 533607 | GrantsOrScholarships |
| End Of Year Balance | 7912608 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8794564 | BeginningOfYearBalance |
| Contributions | 75000 | Contributions |
| Investment Earnings Or Losses | -1179861 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 417644 | GrantsOrScholarships |
| End Of Year Balance | 7272059 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.40810 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.51060 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.08130 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 3419122 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 5104068 | OtherCostOrOtherBasis |
| Book Value | 8523190 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 120702712 | OtherCostOrOtherBasis |
| Depreciation | 13544805 | Depreciation |
| Book Value | 107157907 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26256049 | OtherCostOrOtherBasis |
| Depreciation | 14101631 | Depreciation |
| Book Value | 12154418 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 43717934 | OtherCostOrOtherBasis |
| Depreciation | 25729362 | Depreciation |
| Book Value | 17988572 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1617405 | OtherCostOrOtherBasis |
| Depreciation | 1340745 | Depreciation |
| Book Value | 276660 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 146100747 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| SHORT TERM INVESTMENTS | 32088604 | C |
| CERTIFICATE OF DEPOSITS | 1818025 | C |
| MUTUAL FUNDS | 9601839 | F |
| CORPORATE & GOVERNMENT BONDS | 12663550 | F |
| EQUITIES | 8635335 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 64807353 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| FEDERAL STUDENT LOAN FUNDS | $23,917,096 |
| DEPOSIT FOR AGENCY FUNDS | $357,685 |
| BOND ISSUE SWAP LIABILITY | $30,214,197 |
| LIAB. ON SPLIT-INTEREST AGREEMENT | $3,093,242 |
| ACCRUED BOND INTEREST PAYABLE | $454,168 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 58036388 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Uses of Organization Endowment Funds | Part V, Line 4 | 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. |
| FIN 48 (ASC 740) FOOTNOTE | PART X, LINE 2 | As of July 1, 2009, the University adopted accounting guidance related to uncertain tax positions. In accordance with this guidance, management is required to determine whether a tax position of the University is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Derecognition of a tax benefit previously recognized could result in the University recording a tax liability that would reduce net assets. The University has reviewed all significant tax positions for material tax jurisdictions including US federal, California and Oregon state tax jurisdictions for which the statute of limitations remained open which is generally three years for federal and four years for state. The open tax years also include tax years to the extent of net operating loss carry forwards which add the tax years June 30, 1998 through June 30, 2008 for federal tax purposes and the years ended June 30, 2001 through June 30, 2007 for state tax purposes. The University determined there were no material unrecognized tax benefits in the open tax years. However, the statute can be extended if there was a failure to file a necessary tax return. In addition, there have been no material changes in unrecognized benefits since July 1, 2011, nor are any anticipated in the 12 months following June 30, 2012. However, management's conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, ongoing analyses of and changes to tax laws, regulations and interpretations thereof. There have been no related tax penalties or interest, which would be classified as operating or interest expense in the statement of activities. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Racially Non-discriminatory Policy | Schedule E, Line 3 | RACIALLY NON-DISCRIMINATORY POLICY IS CLEARLY STATED DURING REGISTRATION VIA STUDENT HANDBOOK. |
| RECEIVE GOVERNMENTAL AID OR ASSISTANCE | SCHEDULE E, LINE 6A | THE UNIVERSITY RECEIVES STUDENT FINANCIAL AID FUNDS WHICH ARE PASSED THROUGH TO THE STUDENT TO BE USED FOR TUITION AND OTHER QUALIFYING EDUCATIONAL 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. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | TRIB TO CARING | NameOfEvent1 |
| Gross Receipts Event1 | 198000 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 151900 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 46100 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 84577 | RentFacilityCostsEvent1 |
| Name Of Event2 | EAST-WEST SCH. | NameOfEvent2 |
| Gross Receipts Event2 | 66735 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 48704 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 18031 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 14831 | RentFacilityCostsEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 264735 | GrossReceiptsTotal |
| Charitable Contributions Total | 200604 | CharitableContributionsTotal |
| Gross Revenue Total Events | 64131 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 99408 | RentFacilityCostsTotalEvents |
| Direct Expense Summary Events | 99408 | DirectExpenseSummaryEvents |
| Net Income Summary | -35277 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships | TypeOfGrant |
| Number Of Recipients | 235 | NumberOfRecipients |
| Amount Of Cash Grant | 2783560 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANT FUNDS USAGE | Identifier |
| Return Reference | PART 1, LINE 2 | ReturnReference |
| Explanation | 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 ADVANCEMENT DEPARTMENT IN CONJUNCTION WITH THE FINANCIAL AID DEPARTMENT MONITORS THE AMOUNTS GIVEN BY THE GRANT. GRANT AND SCHOLARSHIP AWARD COMMITTEES AWARD THE RECIPIENTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Philip Pumerantz | |||||||||||||
| 471882 | 0 | 0 | 0 | 1978 | 0 | 18375 | 0 | 50026 | 0 | 542261 | 0 | 0 | 0 |
| Benjamin L Cohen | |||||||||||||
| 471518 | 0 | 0 | 0 | 41978 | 0 | 18375 | 0 | 1258 | 0 | 533129 | 0 | 0 | 0 |
| Kevin D Shaw | |||||||||||||
| 287734 | 0 | 0 | 0 | 1084 | 0 | 18375 | 0 | 17490 | 0 | 324683 | 0 | 0 | 0 |
| Gary M Gugelchuk | |||||||||||||
| 274449 | 0 | 0 | 0 | 1084 | 0 | 18375 | 0 | 5053 | 0 | 298961 | 0 | 0 | 0 |
| Clinton Adams | |||||||||||||
| 385638 | 0 | 0 | 0 | 1663 | 0 | 18375 | 0 | 1240 | 0 | 406916 | 0 | 0 | 0 |
| Lawrence B Harkless | |||||||||||||
| 327901 | 0 | 0 | 0 | 1663 | 0 | 18375 | 0 | 1258 | 0 | 349197 | 0 | 0 | 0 |
| Steven J Henriksen | |||||||||||||
| 282410 | 0 | 0 | 0 | 1814 | 0 | 18375 | 0 | 7806 | 0 | 310405 | 0 | 0 | 0 |
| J Michael Finley | |||||||||||||
| 278369 | 0 | 0 | 0 | 580 | 0 | 18375 | 0 | 1312 | 0 | 298636 | 0 | 0 | 0 |
| Thomas Fox | |||||||||||||
| 285664 | 0 | 0 | 0 | 1814 | 0 | 18375 | 0 | 9239 | 0 | 315092 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SUPPLEMENTAL COMPENSATION INFORMATION | PART 1, LINE 1A | First class travel is allowed only for employees that have a special need or are traveling with a potential donor of the University. When external funds are generated (usually from a speaking engagement) by a Dean or Faculty member, a discretionary fund is created for the individual to help supplement their continuing education requirements or research projects. There are contract arrangements with certain individuals that pay for the Health costs which are included as compensation in their wage. In addition, the university will pay for social club dues for executive members to congregate and promote the university's mission while developing relationships that can further develop contributions to the university. |
| SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN | PART I, LINE 4B | THE COO/PROVOST PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. CONTRIBUTIONS TO THE PLAN ARE INCLUDED IN COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN B(iii). |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CA Statewide Communities Development Authority | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 690164610 | IssuerEIN |
| CUSIP Number | 130795LX3 | CUSIPNumber |
| Date Issued | 2007-10-17 | DateIssued |
| Issue Price | 104900000 | IssuePrice |
| Description Of Purpose | See Schedule O | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 0 | AmountRetired |
| Amount Bond Defeased | 0 | AmountBondDefeased |
| Total Proceeds | 105350895 | TotalProceeds |
| Amount In Reserve Fund | 0 | AmountInReserveFund |
| Capitalized Interest | 3904806 | CapitalizedInterest |
| Refunding Escrow | 0 | RefundingEscrow |
| Issuance Costs From Proceeds | 1914207 | IssuanceCostsFromProceeds |
| Credit Enhancement | 1648135 | CreditEnhancement |
| Working Capital Expenditures | 0 | WorkingCapitalExpenditures |
| Capital Expenditures | 69450895 | CapitalExpenditures |
| Other Spent Proceeds | 28432852 | OtherSpentProceeds |
| Amount Unspent | 0 | AmountUnspent |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | true | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0 | PrcntgePrvtBusinessUseByOthers |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | true | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wells Fargo Bank | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 31.6 | TermOfHedge |
| Superintegrated Hedge | true | SuperintegratedHedge |
| Hedge Terminated | false | HedgeTerminated |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
Name Of GIC Provider NameOfGICProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | See Schedule O | Identifier |
| Return Reference | 0 | ReturnReference |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Andrew Pumerantz | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Son of President | Relationship |
| Amount Of Transaction | 276540 | AmountOfTransaction |
| Description Of Transaction | Employee Compensation | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty | |
| Securities Publicly Traded | SecuritiesPubliclyTraded | |
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial |
Real Estate Other RealEstateOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 58410 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory |
Drugs And Medical Supplies DrugsAndMedicalSupplies
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 11919 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Medical Equipment | Description |
| Number Of Contributions | 36 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 207428 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NONCASH PROPERTY NOT REPORTED AS REVENUE | Identifier |
| Return Reference | PART I, LINE 33 | ReturnReference |
| Explanation | ITEMS OF A DE-MINIMUS AMOUNT OF $5,000, SUCH AS GIFT BASKETS, DOOR PRIZE AWARDS, AND RAFFLE ITEMS, ARE NOT REPORED AS REVENUE. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990 Review Process | Identifier |
| Return Reference | Part VI, Section B, line 11A | ReturnReference |
| Explanation | The University's process involving the distribution and review of the Form 990 is as follows: 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. A presentation is provided by the Audit Committee of the Board to the full Board of Trustees summarizing the results of their review. While the June 30, 2012 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, 2012 Form 990 will be mailed to the full Board of Trustees as well as the Audit Committee prior to filing. WRITTEN CONFLICT OF INTEREST POLICY 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 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 held with those involved in the conflict, steps taken to remove activities causing the conflict, and future follow up and monitoring of the potential conflict activity. DETERMINATION OF COMPENSATION PART VI, SECTION B, LINES 15A AND 15B The annual determination and approval of the compensation for the CEO 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 CEO 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 CEO, 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. DISCLOSURE OF ORGANIZATIONAL DOCUMENTS TO THE PUBLIC PART VI, SECTION C, LINE 19 The conflict of interest policy is posted on the school website and is available to the public. The School's governing documents, Form 990 and financial statements are available upon request. RECONCILIATION OF NET ASSETS PART XI, LINE 5 The other changes in net assets or fund balances is comprised of the following: Unrealized Loss on Investments ($868,287) DESCRIPTION OF BOND ISSUE SCHEDULE K, PART I, LINE 1 AND PART V 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 the refunded 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). DIFFERENCE BETWEEN ISSUE PRICE AND TOTAL PROCEEDS OF ISSUE SCHEDULE K, 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. | Explanation |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Park Hospital Inc | |||||||||||
| 309 E Second Street | Pomona | CA | 91766 | 951624418 | Investments | CA | Western Univ | C Corp | 5116 | 511853 | 0.83440 |
| Western Center for Drug Development | |||||||||||
| 309 E Second Street | Pomona | CA | 91766 | 208404637 | Inactive | CA | Western Univ | C Corp | 75000 | 4000 | 1.00000 |
| Comp Enterpises Inc | |||||||||||
| 309 E Second Street | Pomona | CA | 91766 | 954066063 | Inactive | CA | Western Univ | C Corp | 0 | 14520 | 1.00000 |
| Paso Oro Verde Inc | |||||||||||
| 309 E Second Street | Pomona | CA | 91766 | 330089211 | Farming | CA | Western Univ | C Corp | 25571 | 760000 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Paso Oro Verde Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | d | TransactionType |
| Amount Involved | 67223 | AmountInvolved |
| Method Of Amt Determination | Cost | MethodOfAmtDetermination |