2011-05-13T11:15:25-05:00 2010-06-30 Grant Thornton LLP 1000 WILSHIRE BLVD SUITE 300 LOS ANGELES CA 900172464 990 2009-07-01 953127273 WESTERN UNIVERSITY OF HEALTH SCIENCES WEST 9096236116 309 EAST SECOND STREET POMONA CA 917661889 KEVIN SHAW 9096236116 2011-05-03 Frederick Tan 2136271717 2009 2016-02-24 21:20:13Z PHILIP PUMERANTZ 309 EAST SECOND STREET POMONA CA 917661889 226774571 false X WWW.WESTERNU.EDU X 1977 CA TO PROVIDE MEDICAL AND HEALTH EDUCATION TO GRADUATE STUDENTS BY OFFERING VARIOUS EDUCATIONAL PROGRAMS AND DEGREES. 13 13 783 20 0 12312122 6523225 86135589 100727374 415446 222749 2241752 2705624 101104909 110178972 1762140 2335519 0 0 54166498 63356493 0 0 2794705 35053955 43380762 90982593 109072774 10122316 1106198 232140262 236244744 170375273 173409390 61764989 62835354 TO PROVIDE MEDICAL AND HEALTH EDUCATION TO GRADUATE STUDENTS BY OFFERING VARIOUS EDUCATIONAL PROGRAMS AND DEGREES. false false 84443109 2335519 96626253 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 FIELD OF OSTEOPATHIC MEDICINE, PHYSICAL THERAPY, PHYSICIANS ASSISTANTS, PHARMACOLOGY, VETERINARY MEDICINE, NURSING, DENTISTRY, PODIATRY, OPTOMETRY AND BIOMEDICAL SCIENCES. 2253211 1067641 THE UNIVERSITY HAS MEDICAL CENTERS THAT PROVIDE PRACTICAL TRAINING FOR OUR STUDENTS TO THE PUBLIC. 86696320 true true false false false false false false true true false true true false false false false false true false false false true true true false false false false false false false false false false true false false false false true true false false true 609 0 true 783 true false false false false false true true false false false 13 13 false false false false false false false true true false false true true true true true true true true false CA OR X X KEVIN SHAW 9096236116 309 EAST SECOND STREET POMONA CA 917661889 JOHN McGWIRE 0.0 X 0 0 0 WEN CHANG 0.0 X 0 0 0 MAUREEN DUFFY-LEWIS 0.0 X 0 0 0 MIKE QUICK 0.0 X 0 0 0 LINDA CRANS 0.0 X 0 0 0 DAVID SADAVA 0.0 X 0 0 0 GENE BARDUSON 0.0 X 0 0 0 Vincent Naimoli 0.0 X 0 0 0 Derek Samuel 0.0 X 0 0 0 Lawrence L Leyba 0.0 X 0 0 0 Edward Tessier 0.0 X 0 0 0 Frank York Lee 0.0 X 0 0 0 Richard E Eby 0.0 X 0 0 0 WARREN LAWLESS 0.0 X 0 0 0 RICHARD BOND 0.0 X 0 0 0 ETHAN ALLEN 0.0 X 0 0 0 JOHN FORBING 0.0 X 0 0 0 PHILIP PUMERANTZ 40.0 X 438681 0 73688 BENJAMIN L COHEN 40.0 X 402346 0 94485 KEVIN D SHAW 40.0 X 261277 0 32481 GARY M GUGELCHUK 40.0 X 220821 0 21356 CLINTON E ADAMS 40.0 X 360562 0 19539 LAWRENCE B HARKLESS 40.0 X 309808 0 19539 JAMES J KOELBL 40.0 X 306652 0 23149 STEVEN J HENRIKSEN 40.0 X 279191 0 25454 J MICHAEL FINLEY 40.0 X 260573 0 19539 2839911 0 329230 135 false true false KEITH JOHNSON PO Box 1854 POMONA CA 91766 LEGAL 164888 ANGEAN LEE 22113 BURBANK BLVD WOODLAND HILLS CA 91367 RENTAL 137178 2 0 214970 1031524 5276731 430527 6523225 NET TUITION REVENUE 611710 96626253 96626253 BOOKSTORE REVENUE 451211 1327703 1327703 STUDENT FEES 611710 1184029 1184029 MEDICAL CLINIC REVENUE 621400 1067641 1067641 STUDENT PARKING 812930 466196 466196 55552 55552 100727374 456170 456170 8961 8961 0 251775 251775 251775 251775 116276135 116518517 -242382 -242382 -242382 63275 214970 77082 -13807 0 0 LOAN PROGRAM FEES 900099 1770504 1770504 OUTSIDE REVENUES 900099 547723 547723 OTHER EDUCATIONAL REVENUE 900099 88228 88228 61201 26702 34499 2467656 110178972 103160531 509023 0 2335519 2335519 0 0 1545135 1545135 0 50233986 43883509 4346266 2004211 3140934 3140934 4764801 3859489 762368 142944 3671637 3412674 258963 0 800749 147010 653739 261019 261019 0 0 0 3789803 2371250 1412974 5579 417285 136131 217140 64014 2550980 956435 1509477 85068 644808 283360 354497 6951 0 1911284 511487 1399797 1147625 1035313 65746 46566 0 0 3022319 3022319 0 5543194 3713940 1662958 166296 453373 57901 395472 DIFF. IN VALUE - SWAP 5697387 4273041 1424346 ROTATIONS EXPENSE 2623657 2623657 EQUIPMENT 9567491 8606012 946985 14494 MISCELLANEOUS 807191 534434 91609 181148 LICENSES 600094 600094 3542503 1791905 1673164 77434 109072774 86696320 19581749 2794705 0 0 843568 1143561 5566982 5765323 3305446 952519 18472008 23795403 922175 1087257 1086854 1262872 185636475 40287966 108790718 145348509 55827138 48777136 37325373 8112164 232140262 236244744 18523612 12796585 12993815 14165665 103100000 101785000 995 0 35756851 44662140 170375273 173409390 X 46143120 46875469 8475822 8360439 7146047 7599446 61764989 62835354 232140262 236244744 X false true true X true true X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7272059 271049 903107 533607 0 7912608 8794564 75000 -1179861 417644 0 7272059 0.46120 0.53880 false false 3326623 5104068 8430691 120335699 8427182 111908517 33527717 19262926 14264791 23342367 12597857 10744510 145348509 SHORT TERM INVESTMENTS 14077916 C CERTIFICATE OF DEPOSITS 9736333 C MUTUAL FUNDS 5570495 F CORPORATE & GOVERNMENT BONDS 12126183 F EQUITIES 7266209 F 48777136 0 FEDERAL STUDENT LOAN FUNDS 23321641 DEPOSIT FOR AGENCY FUNDS 256891 BOND ISSUE SWAP LIABILITY 17426592 LIAB. ON SPLIT-INTEREST AGREEM 3284845 SCHOOL AS LENDER LIABILITY 372171 44662140 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. true true true RACIALLY NON-DISCRIMINATORY POLICY IS CLEARLY STATED DURING REGISTRATION VIA STUDENT HANDBOOK true true true true false false false false false false false false true false 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. true TRIB. TO CARING 236445 186320 50125 64688 EAST-WEST SCH. 41800 28650 13150 12394 0 278245 214970 63275 77082 77082 -13807 true SCHOLARSHIPS 307 2335519 PROCEDURE FOR MONITORING GRANT FUNDS USAGE PART 1, LINE 2 SEPARATE FUNDS ARE CREATED FOR EACH GRANT. OUR SPONSORED RESEARCH DEPARTYENT APPROVES EXPENSES AND RECORDS ACTIVITY RELATED TO EACH GRANT FUND THAT IS REVIEWED AND PROCESSED BY THE BUSINESS OFFICE. REVIEW OF ACTIVITY IS PERFORMED DAILY BY SPONSORED RESEARCH AND MONTHLY BY THE BUSINESS OFFICE. X X X true true X X X false false false false false false false false false PHILIP PUMERANTZ 438681 0 0 0 0 0 18375 0 55313 0 512369 0 0 0 BENJAMIN L COHEN 402346 0 0 0 0 0 93375 0 1110 0 496831 0 0 0 KEVIN D SHAW 261277 0 0 0 0 0 18375 0 14106 0 293758 0 0 0 GARY M GUGELCHUK 220821 0 0 0 0 0 16562 0 4794 0 242177 0 0 0 CLINTON E ADAMS 360562 0 0 0 0 0 18375 0 1164 0 380101 0 0 0 LAWRENCE B HARKLESS 309808 0 0 0 0 0 18375 0 1164 0 329347 0 0 0 JAMES J KOELBL 306652 0 0 0 0 0 18375 0 4774 0 329801 0 0 0 STEVEN J HENRIKSEN 279191 0 0 0 0 0 18375 0 7079 0 304645 0 0 0 J MICHAEL FINLEY 260573 0 0 0 0 0 18375 0 1164 0 280112 0 0 0 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. CA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 690164610 130795lx3 2007-10-17 104900000 SEE SCHEDULE O false false 73287670 725328 3562342 0 69000000 2009 true true true true false false false false true true false true true Mellon Allied Irish 31.6 false false false X 1 23646 FAIR MARKET VALUE X OPTOMETRY EQUIPMENT 9 326290 FAIR MARKET VALUE X PODIATRY EQUIPMENT 1 13450 FAIR MARKET VALUE X GIFT IN KIND 3 67140 FAIR MARKET VALUE false true false NONCASH PROPERTY NOT REPORTED AS REVENUE PART I, LINE 33 ITEMS OF A DE-MINIMUS AMOUNT OF $5,000, SUCH AS GIFT BASKETS, DOOR PRIZE AWARDS, AND RAFFLE ITEMS, ARE NOT REPORTED AS REVENUE. FORM 990 REVIEW PROCESS PART VI, SECTION B, LINE 11A 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 Board Business, Finance, and Investment Committee 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 Board Business, Finance, and Investment Committee. 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 to the Internal Revenue Service. A copy of the final, accepted Form 990 is distributed to each Board of Trustee member at the subsequent full Board of Trustee meeting. A presentation is provided by the Board Business, Finance, and Investment Committee to the full Board of Trustees summarizing the results of their review. While the June 30, 2010 Form 990 was reviewed and accepted by the Board Business, Finance, and Investment Committee prior to the filing with the Internal Revenue Service, copies of the final June 30, 2010 Form 990 will be distributed to the full Board of Trustees on May 23, 2011. 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, 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. 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 Board Executive Compensation Committee and the full Board of Trustees. The University's Officers compensation is determined by the CEO and approved by the Board Executive Compensation Committee and full Board of Trustees. The key employees compensation levels are determined by their respective supervisors and approved by the Board Executive Compensation Committee. Although the University's Board of Trustees has given full authority to the Board Executive Compensation Committee 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 Board Executive Compensation Committee 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 and financial statements are available upon request. DESCRIPTION OF BOND ISSUE SCHEDULE K, PART I, LINE 1 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 FACILTIES, 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 ISSED 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). ISSUANCE COSTS FROM PROCEEDS SCHEDULE K, PART II, LINE 5 CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY ISSUANCE COSTS = $1,914,207 CREDIT ENHANCEMENT FEES = $1,648,135 PERCENTAGE OF FINANCED PROPERTY SCHEDULE K, PART III, LINE 4 PERCENTAGE OF BOND ISSUANCE COSTS RELATIVE TO BOND PROCEEDS = 1,914,207/104,900,000 = 1.82% PERCENTAGE OF CREDIT ENHANCEMENT RELATIVE TO BOND PROCCEDS = 1,648,135/104,900,000 = 1.57% PARK HOSPITAL INC 309 E SECOND STREET POMONA CA 91766 951624418 INVESTMENTS CA WESTERN UNIVERS C CORP -2470 503770 0.83440 WESTERN CENTER FOR DRUG DEVELOPMENT 309 E SECOND STREET POMONA CA 91766 208404637 INACTIVE CA WESTERN UNIVERS C CORP 0 2400 1.00000 COMP ENTERPRISES INC 309 E SECOND ST POMONA CA 91766 954066063 INACTIVE CA WESTERN UNIVERS C CORP 0 12920 1.00000 PASO ORO VERDE INC 309 E SECOND STREET POMONA CA 91766 330089211 FARMING CA WESTERN UNIVERS C CORP -67179 760000 1.00000 false false false false false false false false false false false false false false false true true false PASO ORO VERDE INC P 49791 PASO ORO VERDE INC Q 64952