2012-05-11T14:00:03-05:00 2011-06-30 990 2010-07-01 440562048 PARK UNIVERSITY PARK 8165846231 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 DORLA D WATKINS 8165846231 2012-05-15 false 2012-05-11 2010 2016-02-24 21:20:13Z MICHAEL D DROGE 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 96782896 false X WWW.PARK.EDU X 1879 MO THE MISSION OF PARK UNIVERSITY, AN ENTREPRENEURIAL INSTITUTION OF LEARNING, IS TO PROVIDE ACCESS TO ACADEMIC EXCELLENCE, WHICH WILL PREPARE STUDENTS TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, AND ENGAGE IN LIFELONG LEARNING. 22 20 2606 380 0 1143068 1618253 75815056 77340554 1697436 2899149 2236544 1965955 80892104 83823911 7311186 6437451 0 41947807 46517904 0 687558 26258743 23352075 75517736 76307430 5374368 7516481 104573065 114531190 37116955 37412969 67456110 77118221 THE MISSION OF PARK UNIVERSITY, AN ENTREPRENEURIAL INSTITUTION OF LEARNING, IS TO PROVIDE ACCESS TO ACADEMIC EXCELLENCE, WHICH WILL PREPARE STUDENTS TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, AND ENGAGE IN LIFELONG LEARNING. false false 52628280 6437451 75038838 PROVIDING HIGHER EDUCATION TO STUDENTS: THESE ARE EXPENSES CONNECTED WITH INSTRUCTION, ACADEMIC SUPPORT, AND STUDENT SERVICES THAT ARE NOT DIRECTLY CONNECTED TO ACADEMIC PROGRAMS. CURRENTLY PARK UNIVERSITY SERVES APPROXIMATELY 23,000 STUDENTS ANNUALLY IN THE PARKVILLE, MISSOURI AREA, IN THE KANSAS CITY AREA, AT REMOTE LOCATION CAMPUSES, AND ONLINE. 3819348 2301716 AUXILIARY: THESE ARE EXPENSES CONNECTED WITH STUDENT HOUSING, FOOD SERVICE, FITNESS CENTER, AND YOUTH CONSERVATORY OF MUSIC. 56447628 true true false true false false false false false true true false false false true true true false true false false false false false true false false false true true true false true false false false false false false false true true true false false true true true true false false true 197 0 true 2606 true false false false false false true true false false false false X 22 20 false false false false false true false true true false true true true true true true true true true true false X DORLA D WATKINS-VP FINANCE ADM 8165846231 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 DEANNA K ARMSTRONG 2.00 X 0 0 0 DONALD P ARNDTSEN 2.00 X 0 0 0 JOHN C BROWN 2.00 X 0 0 0 ROBERT C BURNS 2.00 X X 0 0 0 GAYDEN F CARRUTH 2.00 X 0 0 0 PETER J DESILVA 3.00 X 0 0 0 KATHLEEN J DODD 2.00 X 0 0 0 BONNIE J EPPERSON 2.00 X 0 0 0 THOMAS H HOLCOM 2.00 X 0 0 0 BENNY LEE 2.00 X 0 0 0 ROBERT E MARTIN 2.00 X X 0 0 0 SUSAN MCGAUGHEY 2.00 X 0 0 0 DANIEL J O'NEILL 2.00 X 0 0 0 EUGENE A RUIZ 4.00 X X 0 0 0 DANNY K SAKATA 2.00 X 0 0 0 JUDITH M SIMONITSCH 3.00 X 0 0 0 RICHARD E THODE 3.00 X 0 0 0 ERIC WADE 2.00 X 0 0 0 N GARY WAGES 3.00 X X 0 0 0 PHILIP D WHEELER 2.00 X 0 0 0 JULIE WILSON 2.00 X 0 0 0 PAMELA BERNEKING 1.00 X 0 0 0 FELIPE BUSTILLO 1.00 X 0 0 0 RALPH REID 1.00 X 0 0 0 MICHAEL H DROGE 60.00 X 283701 0 19761 ROGER W HERSHEY 60.00 X 213896 0 19090 DORLA D WATKINS 60.00 X 172269 0 14075 LAURIE D MCCORMACK 60.00 X 153688 0 9502 THIMIOS ZAHAROPOULOS 60.00 X 150535 0 9641 RITA WEIGHILL 60.00 X 116775 0 6975 THOMAS PETERMAN 60.00 X 106110 0 6432 PAUL GAULT 20.00 X 31769 0 0 CLARINDA CREIGHTON 60.00 X 127307 0 12708 LAURIE DIPADOVA-STOCKS 60.00 X 115741 0 15463 JOHN JUMARA 60.00 X 112169 0 8861 NICOLAS A KOUDOW 60.00 X 111527 0 6684 J MARK NOE 60.00 X 105070 0 10254 1800557 139446 15 false true false NCS PEARSON ECOLLEGE 2154 E COMMONS AVE STE 4000 CENTENNIAL CO 80122 DISTANT LEARNIN 3190597 DELL MARKETING PO BOX 802816 CHICAGO IL 60680 COMPUTER EQUIP 970288 FAR MOR MEDIA PO BOX 403 HARRISONVILLE MO 64701 ADVERTISING 838949 SODEXO 4550 CASCADE RD SE STE 206 GRAND RAPIDS MI 49546 DINING/FOOD MGT 835191 UMB BANK PBC CARD PO BOX 419734 KANSAS CITY MO 64141 PROCURE CARD 792639 37 64060 1554193 172127 1618253 TUITION AND FEES 611600 75038838 75038838 AUXILIARY ENTERPRISES 611710 2301716 2301716 77340554 1625303 1625303 438122 438122 640822 640822 640822 640822 14205946 12932100 1273846 1273846 1273846 14355 64060 26885 -12530 -12530 OTHER SOURCES 611710 846902 846902 RECOVERY AND INDIRECT COSTS 541900 52639 52639 899541 83823911 79513941 2691717 6437451 6437451 1880870 783181 913263 184426 38628389 29000248 9334557 293584 709280 426432 273481 9367 2606621 1721700 844219 40702 2692744 2063946 611128 17670 169032 169032 160272 160272 125500 125500 431536 287691 100149 43696 1931422 1931422 1263893 567441 639523 56929 4629992 4050013 560844 19135 1455638 942063 513575 664278 587577 54652 22049 2271000 2271000 213010 193839 19171 3292648 2996310 296338 412506 58388 354118 AUXILIARY 3819348 3819348 EDUCATION & GENERAL 2512000 2512000 76307430 56447628 19172244 687558 269313 7514513 1783115 2145731 299185 152075 6674650 4602881 38850 30865 863653 942416 99035835 34747849 63945333 64287986 30698966 34854723 104573065 114531190 7136940 9423348 3806830 3518470 20945000 20380000 3547535 3253211 1680650 837940 37116955 37412969 X 34183672 39602057 4784032 7413993 28488406 30102171 67456110 77118221 104573065 114531190 X 7516481 2145630 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 1756 612 2368 75617504 75619872 1000000 250000 false 1000000 1000000 2000000 3000000 12150 2368 14518 250000 250000 500000 750000 375000 1756 376756 false false false false false false false false false false false false false false false false false false false false false 38414287 434855 6524250 -1010200 -865842 42517750 36041268 160451 5398395 -506064 -2553246 38414287 38272008 453259 -2121170 -413155 -25000 36041268 0.13610 0.70800 0.15590 true false false 14167085 359717 14526802 52125911 16796107 35329804 32383122 17951742 14431380 64287986 REFUNDABLE FEDERAL STUDENT LOANS 837940 LINE OF CREDIT 837940 83823911 76307430 7516481 2145630 2145630 9662111 79532090 2145630 2145630 77386460 6437451 6437451 83823911 69869979 69869979 6437451 6437451 76307430 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE INTERNAL REVENUE SERVICE HAS RULED THAT THE UNIVERSITY QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX EXEMPT ORGANIZATION, AND IS, THEREFORE, NOT SUBJECT TO TAX UNDER PRESENT INCOME TAX LAWS; HOWEVER, CERTAIN INCOME THAT IS CONSIDERED UNRELATED BUSINESS INCOME COULD BE SUBJECT TO TAXATION. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 GRANTS & OTHER ASSISTANCE TO INDIVIDUALS IN THE US -6,437,451 GRANTS & OTHER ASSISTANCE TO INDIVIDUALS IN THE US 6,437,451 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B GRANTS & OTHER ASSISTANCE TO INDIVIDUALS IN THE US 6,437,451 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 4B GRANTS & OTHER ASSISTANCE TO INDIVIDUALS IN THE US 6,437,451 SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE INTENDED USE FOR THE ENDOWMENT FUNDS IS TO PROVIDE FUNDS FOR OPERATIONS, SCHOLARSHIPS AND ACADEMIC PROGRAMS. true true true true true true true false false false false false false false false true false true FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E LINE 6 PARK UNIVERSITY RECEIVED THE FOLLOWING TYPES OF US DEPARTMENT OF EDUCATION FUNDSMONIES FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS FEDERAL DIRECT LOANS FEDERAL WORKSTUDY FEDERAL PERKINS LOAN FEDERAL PELL GRANTS ACADEMIC COMPETITIVENESS GRANTS NATIONAL SCIENCE AND MATHMATICS ACCESS TO RETAIN TALENT GRANTS AND TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS FOUNDER'S DAY 60765 52635 8130 3025 5313 250 6966 GOLF TOURNAMENT 17650 11425 6225 830 3952 2531 4018 78415 64060 14355 830 6977 7844 250 10984 26885 -12530 true ATHLETIC SCHOLARSHIPS 197 1303178 ACADEMIC SCHOLARSHIPS 2339 5134273 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 IN AS MUCH AS ALL GRANTS ARE NON-CASH ASSISTANCE FOR STUDENT RECIPIENTS' TUITION, ROOM, BOARD OR BOOKS, WHEN SUCH REMISSION OCCURS, IT IS A DIRECT REDUCTION OF THE STUDENT'S FEES TO THE UNIVERSITY. SINCE NO GRANT FUNDS ARE IN DIRECT CONTROL OF THE RECIPIENT, THE RECIPIENT IS NOT IN A POSITION TO DIVERT THE GRANT FROM INTENDED USE. FOR ATHLETIC SCHOLARSHIPS, THE ATHLETIC DIRECTOR AND DIRECTOR OF STUDENT FINANCIAL SERVICES, TO ENSURE COMPLIANCE WITH NAIA RULES, MUST MONITOR SCHOLARSHIP EXPENDITURES FOR EACH STUDENT AND PROGRAM. X X X true true X X X X X false false false false false false false false false MICHAEL H DROGE 283222 479 13500 6261 303462 ROGER W HERSHEY 212372 1524 13102 5988 232986 DORLA D WATKINS 171993 276 10532 3543 186344 LAURIE D MCCORMACK 153412 276 9502 163190 THIMIOS ZAHAROPOULOS 150261 274 4806 4835 160176 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION PARK UNIVERSITY PROVIDED ON CAMPUS HOUSING TO THE PRESIDENT. THE FAIR MARKET VALUE OF THE HOUSING QUALIFIED AS A NON-TAXABLE BENEFIT UNDER CODE SECTION 119, AND IS NOT INCLUDED ON FORM W-2. PARK UNIVERSITY PROVIDED PERSONAL SERVICES IN THE FORM OF HOUSEKEEPING SERVICES IN THE PRESIDENT'S ON CAMPUS RESIDENCE TO ACCOMODATE THE SIGNIFICANT NUMBER OF TIMES THE RESIDENCE WAS USED AS A LESS FORMAL MEETING VENUE FOR THE PRESIDENT TO INTERACT WITH DONORS, TRUSTEES, VISITING DIGNITARIES, PROFESSORS, SPEAKERS, PERFORMERS, ETC. THE FAIR MARKET VALUE WAS NOT TREATED AS TAXABLE INCOME BECAUSE THE COSTS OF HOUSEKEEPING ASSOCIATED WITH THE SIGNIFICANT "PUBLIC" USE OF THE RESIDENCE WAS DEEMED TO BE AN APPROPRIATE BUSINESS EXPENSE. PARK UNIVERSITY PROVIDED SPOUSAL TRAVEL TO THE PRESIDENT. THE FAIR MARKET VALUE WAS NOT TREATED AS TAXABLE COMPENSATION BECAUSE THE TRAVEL WAS DEEMED TO BE FOR THE BONA FIDE BUSINESSS PURPOSES OF THE UNIVERSITY. IDA OF PARKVILLE MISSOURI 440562048 701533AA9 2007-09-13 22000000 TO CONSTRUCT RESIDENCE HALL AND DEFEASE PRIOR BONDS. true false false 20380000 2 21891303 66535 2008 true false true true false false false false false true false false false false false false ADDITIONAL INFORMATION SCHEDULE K IDA OF PARKVILLE MISSOURI SCHEDULE K PURPOSE OF ISSUE DESCRIPTION TO CONSTRUCT RESIDENCE HALL AND DEFEASE PRIOR BONDS UMB NA BANKING 792639 BANKING RELATIONSHIP false ADDITIONAL INFORMATION SCHEDULE L PART V FORM 990 SCHEDULE L PART IV NAME OF INTERESTED PERSON UMB BANK NA RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION BANKING AMOUNT OF TRANSACTIONS 792639 DESCRIPTION OF TRANSACTIONS SINCE 1975 UMB BANK NA UMB OF WHICH TRUSTEE PETER DESILVA IS THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER HAS HAD BANKING RELATIONSHIPS WITH PARK UNIVERSITY UNIVERSITY HISTORICALLY UMB HAS PROVIDED LINES OF CREDIT 1986 BANKCARD SERVICES 1997 ENDOWMENT INVESTMENT SERVICES 1975 AND OTHER COMMERCIAL BANKING SERVICES TO PARK UNIVERSITY UNIVERSITY IN 2005 THE UNIVERSITY ACCELERATED PLANNING FOR CONSTRUCTION OF A MAJOR NEW RESIDENCE HALL AND A REHABILITATED EXERCISE CENTER PROJECT IN PREPARATION FOR THAT PROJECT THE UNIVERSITY EXPLORED MANY FINANCING OPTIONS AND INTERVIEWED TWO INTENSELY COMPETITIVE FIRMS NEITHER OF WHICH MATCHED UMBS SERVICE PRICE OR RESPONSIVENESS THE UMB PARTICIPATION IN THE PROJECT WAS A MAJOR CONTRIBUTING FACTOR TO THE SUCCESSFUL COMPLETION OF THE PROJECT ON TIME AND WITHIN BUDGET BEYOND THAT UMB HAS HISTORICALLY BEEN EXCEPTIONALLY SUPPORTIVE OF PARK UNIVERSITY IN DIFFICULT FINANCIAL TIMES WHEN OTHER LENDERS WOULD NOT HAVE BEEN SO COOPERATIVE X 712 REPLACEMENT COSTS X 6532 COST X 4 153214 MARKET VALUE X 3 6915 REPLACEMENT COST X 1 2500 COST X WALL DECO 3 776 REPLACEMENT COST X LANDSCAPE 1 200 COST X GRAVEL 1 813 COST X EVENT 1 465 COST 1 false true true THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS SCHEDULE M, PAGE 1, PART I, LINE 32B AN INDEPENDENT BROKER IS USED TO SELL GIFTS OF SECURITIES. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE PRESIDENT OF THE PARK UNIVERSITY ALUMNI ASSOCIATION, IF NOT AN EMPLOYEE OF PARK UNIVERSITY, SERVES EX OFFICIO AS A VOTING TRUSTEE. THAT PRESIDENT IS SELECTED BY THE MEMBERS OF THE PARK UNIVERSITY ALUMNI ASSOCIATION. IF THAT PRESIDENT IS UNABLE TO SERVE, THAT ASSOCIATION IS ENTITLED TO NOMINATE, BUT NOT ELECT, A SUBSTITUTE TRUSTEE. POLICIES AND PROCEDURES GOVERNING CHAPTERS FORM 990, PAGE 6, PART VI, LINE 10B PARK UNIVERSITY PROVIDES AN OPERATIONS MANUAL AND PROCEDURES TO ALL CAMPUS CENTER LOCATIONS, IN KEEPING WITH PARK UNIVERSITY'S VISION TO OPERATE AS "ONE UNIVERSITY". ADMINISTRATION AND ALL ACCOUNTING FUNCTIONS ARE PERFORMED AT THE PARKVILLE CAMPUS FOR ALL CAMPUS CENTERS, AND THERE IS AN EMPLOYEE MANUAL WHICH PERTAINS TO ALL EMPLOYEES. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE DRAFT FOR THE FORM 990 IS PREPARED BY THE UNIVERSITY'S CONTROLLER AND THEN REVIEWED BY THE ASSOCIATE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION, AND THE VICE PRESIDENT & GENERAL COUNSEL. THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES ("BOARD") GUIDED THE REVIEW BY THE BOARD OF THE UNIVERSITY'S FORM 990 ("990") BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE ("IRS"). THE FORMAL 990 REVIEW WAS CONDUCTED BY THE AUDIT COMMITTEE AT A MEETING TO WHICH ALL TRUSTEES WERE INVITED AND ENCOURAGED TO ATTEND. A NUMBER OF NON-AUDIT COMMITTEE TRUSTEES PARTICIPATED IN THE AUDIT COMMITTEE'S 990 REVIEW MEETING. ALSO PRIOR TO FILING THE UNIVERSITY'S 990 WITH THE IRS, ALL TRUSTEES WERE NOTIFIED THAT THE 990 HAD BEEN POSTED FOR THEIR REVIEW ON THE UNIVERSITY'S SECURE, CONFIDENTIAL, ELECTRONIC "BOARD PORTAL." THE BOARD PORTAL IS THE CHANNEL UTILIZED BY THE UNIVERSITY TO PROVIDE MANAGEMENT AND GOVERNANCE INFORMATION TO THE BOARD. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF TRUSTEES ("BOARD") OF PARK UNIVERSITY HAS ADOPTED AND REGULARLY MONITORS THE IMPLEMENTATION, PERIODIC REVIEW, AND UPDATING, OF THE PARK UNIVERSITY CONFLICT OF INTEREST POLICY ("POLICY"). AT LEAST ONCE EACH YEAR, EACH "INTERESTED PERSON" (AS DEFINED IN THE POLICY), UNIVERSITY OFFICERS, UNIVERSITY TRUSTEES, AND KEY EMPLOYEES OF THE UNIVERSITY ARE REQUIRED TO FILE A PARK UNIVERSITY CONFLICT OF INTEREST DISCLOSURE STATEMENT ("DISCLOSURE STATEMENT"). IN ADDITION, INTERESTED PERSONS ARE REQUIRED TO FILE UDATED DISCLOSURE STATEMENTS AT ANYTIME POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARISE. WHEN NEW TRUSTEES ARE ELECTED TO THE BOARD AND WHEN EMPLOYEES BECOME INTERESTED PERSONS, EACH IS REQUIRED TO FILE A DISCLOSURE STATEMENT. THE UNIVERSITY'S VICE PRESIDENT & GENERAL COUNSEL, WHO REPORTS DIRECTLY TO THE BOARD, COLLECTS AND REVIEWS THE NATURE OF THE CONFLICTS AND RELATED INFORMATION REPORTED ON THE DISCLOSURE STATEMENTS. THE BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT COMMITTEE THE AUTHORITY TO TAKE ACTIONS DESCRIBED BELOW. THE AUDIT COMMITTEE INITIATES AN INQUIRY INTO WHETHER A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON WHO IS THE SUBJECT OF AN AUDIT COMMITTEE CONFLICTS INQUIRY MAY PRESENT INFORMATION RELEVANT TO THE EXISTENCE OF A CONFLICT OF INTEREST. HOWEVER, THE INTERESTED PERSON MAY NOT PARTICIPATE IN THE DELIBERATIONS OF THE AUDIT COMMITTEE, AND EVEN IF THE INTERESTED PERSON IS A MEMBER OF THE AUDIT COMMITTEE, THE INTERESTED PERSON MAY NOT PARTICIPATE IN THE DELIBERATIONS OF THE AUDIT COMMITTEE THAT ARE RELATED TO THE CONFLICT INQUIRY, AND MAY NOT VOTE ON ANY ISSUE RELATED TO THE CONFLICT INQUIRY, INCLUDING THE EXISTENCE OF A CONFLICT OF INTEREST OR ANY ACTIONS TO BE TAKEN BY THE AUDIT COMMITTEE, THE EXECUTIVE COMMITTEE OR THE BOARD AS A RESULT OF THE EXISTENCE OF A CONFLICT ON INTEREST. THE CHAIR OF THE AUDIT COMMITTEE KEEPS THE BOARD CHAIR, THE EXECUTIVE COMMITTEE, THE TRUSTEESHIP COMMITTEE, THE BOARD OF TRUSTEES AND THE VICE-PRESIDENT & GENERAL COUNSEL APPRISED OF THE STATUS OF CONFLICT-RELATED INQUIRIES AND OTHER CONFLICT-RELATED MATTERS THAT ARE WITHIN THE PURVIEW OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE CHAIR, BOARD CHAIR, AND OTHER TRUSTEES REGULARLY SEEK LEGAL COUNSEL FROM THE VICE PRESIDENT & GENERAL COUNSEL REGARDING CONFLICTS RELATED ISSUES. NO TRUSTEE (MEMBER OF THE BOARD OF TRUSTEES OR THE EXECUTIVE COMMITTEE) WHO HAS A CONFLICT OF INTEREST MAY PARTICIPATE IN DELIBERATIONS OR ANY DECISION MAKING RELATED TO THAT CONFLICT OF INTEREST. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD EXECUTIVE COMMITTEE FUNCTIONS AS THE UNIVERSITY'S "AUTHORIZED BODY" WITH REGARDS TO THE COMPENSATION OF THE UNIVERSITY PRESIDENT (WHO IS THE CEO AND TOP MANAGEMENT OFFICIAL OF THE UNIVERSITY), AND THE COMPENSATION OF UNIVERSITY OFFICERS. THE EXECUTIVE COMMITTEE HAS A COMPENSATION ADVISORY SUBCOMMITTEE THAT FOCUSES ON THESE MATTERS, ASSISTS THE EXECUTIVE COMMITTEE, AND MAKES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE, BUT MAKES NO DECISIONS REGARDING EXECUTIVE COMPENSATION MATTERS. NO TRUSTEE (MEMBER OF THE BOARD OF TRUSTEES OR THE EXECUTIVE COMMITTEE)WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A COMPENSATION ARRANGEMENT MAY PARTICIPATE IN COMPENSATION DELIBERATIONS OR IN ANY DECISION MAKING OF THE EXECUTIVE COMMITTEE THAT ARE RELATED TO A CONFLICT OF INTEREST OF THE TRUSTEE. THE EXECUTIVE COMMITTEE AND THE PRESIDENT, WITH ASSISTANCE FROM THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND THE VICE PRESIDENT & GENERAL COUNSEL OBTAIN COMPARABLE COMPENSATION INFORMATION FROM A VARIETY OF SOURCES, INCLUDING THE MOST CURRENT ADMINISTRATIVE COMPENSATION SURVEY PRODUCED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES ("CUPA SURVEY") AND THE JOINT COMPENSATION AND BENEFITS PROVISION OF LEGAL SERVICES SURVEY REPORT ("NACUA SURVEY") PERIODICALLY COMPILED BY THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY ATTORNEYS. THE EXECUTIVE COMMITTEE ALSO CONSIDERS COMPENSATION DATA THAT MAY BE AVAILABLE FROM OTHER SOURCES SUCH AS THE CHRONICLE OF HIGHER EDUCATION. THE EXECUTIVE COMMITTEE USES THAT DATA IN ITS PERIODIC COMPENSATION DELIBERATIONS. THE CUPA SURVEY INCLUDES DATA REGARDING COMPENSATION OF PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE NACUA SURVEY INCLUDES DATA REGARDING COMPENSATION OF ATTORNEYS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES. THE PRESIDENT OF THE UNIVERSITY MAKES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE REGARDING THE COMPENSATION OF VICE PRESIDENTS OF THE UNIVERSITY AND MAY PARTICIPATE IN DELIBERATIONS RELATED TO COMPENSATION OF UNIVERSITY EMPLOYEES WHOSE COMPENSATION IS CONSIDERED BY THE BOARD CHAIR, THE EXECUTIVE COMMITTEE AND/OR THE BOARD OF TRUSTEES. DELIBERATIONS OF THE EXECUTIVE COMMITTEE REGARDING EXECUTIVE COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED AND RECORDS REGARDING EXECUTIVE COMPENSATIONS ARRANGEMENTS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B SEE SCHEDULE O, PART IV LINE 15A FOR COMPENSATION PROCESS FOR OTHER OFFICERS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE PARK UNIVERSITY ("UNIVERSITY") ARTICLES OF INCORPORATION AND AMENDMENTS THERETO ARE PUBLICLY AVAILABLE IN THE OFFICE OF THE MISSOURI SECRETARY OF STATE. THE UNIVERSITY ALSO FILES ITS ARTICLES OF INCORPORATION, AMENDMENTS THERETO, AND THE BYLAWS OF THE UNIVERSITY'S BOARD OF TRUSTEES, WITH THE INTERNAL REVENUE SERVICE. THE UNIVERSITY ENTERTAINS REQUESTS FOR COPIES OF THE CONFLICTS OF INTEREST POLICY. THE UNIVERSITY PROVIDES FINANCIAL INFORMATION ABOUT THE UNIVERSITY TO THE PUBLIC VIA ITS FORM 990. ADDITIONAL INFORMATION FORM 990, PART XI OTHER CHANGES IN NET ASSETS OR FUND BALANCES- UNREALIZED GAINS PARK VISTA LLC 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 440562048 LEASING 115000 PARK UNIV PARK UNIVERSITY ENTERPRISES INC 5700 BROADMOOR ST MISSION KS 662022415 431830400 BUS EDUC MO 501C3 11A PARK UNIV false PARK MCAFEE INC 8700 NW RIVER PARK DRIVE PARKVILLE MO 64152 INACTIVE MO N/A C CORP 1.00000 false false true false false false false false false false false false false false false false false false PARK UNIVERSITY ENTERPRISES INC C 120000 CASH PAYMENT ADDITIONAL INFORMATION SCHEDULE R SCHEDULE R PART IV PARK UNIVERSITY DOES RECEIVE INCOME FROM THE GEORGE DAVIS TRUSTS BUT DISTRIBUTIONS DO NOT EXCEED 25 2009 WAS THE FIRST YEAR THAT THE ORGANIZATION MADE THE 501(H) ELECTION.