2025-03-10T16:20:27-05:00 2024-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2023-07-01 610444708 MIDWAY UNIVERSITY INC FKA MIDWAY COLLEGE MIDW 8598465308 512 EAST STEPHENS STREET MIDWAY KY 40347 DR JOHN P MARSDEN PRESIDENT 8598465308 2025-03-04 1 0 ALLISON C CARTER P01242412 8592552341 2023 2025-03-06 01:10:19Z DR JOHN P MARSDEN 512 EAST STEPHENS STREET MIDWAY KY 40347 38118762 0 X WWW.MIDWAY.EDU X 1865 KY MIDWAY UNIVERSITY INVESTS IN OUR STUDENTS, ENGAGING THEM IN PERSONALIZED LEARNING EXPERIENCES AND PREPARING THEM FOR FULFILLING CAREERS. 26 26 534 30 150662 0 5770451 4493363 29998716 32604455 288614 872656 123930 125211 36181711 38095685 9635321 10717018 0 0 11467448 12608004 0 0 553624 11937673 13046014 33040442 36371036 3141269 1724649 76025348 81625167 26609372 25980698 49415976 55644469 X MIDWAY UNIVERSITY IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION LOCATED IN MIDWAY, KENTUCKY, FOUNDED IN 1847 AS THE KENTUCKY FEMALE ORPHAN SCHOOL. THE INSTITUTION OFFERS TRADITIONAL PROGRAMS AS WELL AS ACCELERATED PROGRAMS IN THE EVENING AND ONLINE. DEGREES OFFERED INCLUDE ASSOCIATE, BACCALAUREATE AND MASTER'S DEGREES. 0 0 21569285 10717018 28553510 MIDWAY UNIVERSITY OFFERS A LIBERAL ARTS FOUNDATION THROUGH A GENERAL EDUCATION CURRICULUM AND CAREER FOCUSED PREPARATION THROUGH MAJORS AT THE UNDERGRADUATE LEVEL. IN ADDITION, THE UNIVERSITY PROVIDES COEDUCATIONAL ACCELERATED ADULT UNDERGRADUATE AND GRADUATE PROGRAMS IN THE EVENINGS AT THE MAIN CAMPUS AND ONLINE. ALL PROGRAMS ARE INTENDED TO LEAD TO REWARDING CAREERS AND RESPONSIBLE CITIZENSHIP. 1088305 THE UNIVERSITY PROVIDES ACADEMIC SUPPORT TO STUDENTS IN THE FORM OF ACADEMIC ADVISORS, ACADEMIC COUNSELING, AND LIBRARY AND COMPUTER SERVICES. THE UNIVERSITY'S 15 - 1 STUDENT-FACULTY RATIO ENSURES EASY ACCESS TO AND DEVELOPMENT OF GOOD RELATIONSHIPS WITH FACULTY. 5982364 THE UNIVERSITY PROVIDES STUDENTS WITH A NUMBER OF OPPORTUNITIES TO BECOME INVOLVED IN SOCIAL, RECREATIONAL, EDUCATIONAL, AND CULTURAL ACTIVITIES. ANNUAL EVENTS INCLUDE NIGHT OF LIGHTS, THE LAST SUPPER, MIDWAY CHRISTMAS VESPERS, AND GRADUATION FESTIVITIES. CHORALE CONCERTS AND STUDENT PRODUCTIONS ADD A CULTURAL DIMENSION TO CAMPUS LIFE. A NUMBER OF STUDENT ACTIVITIES AND ORGANIZATIONS PROVIDE STUDENTS WITH THE OPPORTUNITY TO SUPPLEMENT ACADEMIC LEARNING, SHARPEN LEADERSHIP SKILLS, AND ACTIVELY PARTICIPATE IN THE PROCESS OF PLANNING AND ORGANIZING PROGRAMS. 2688710 THE UNIVERSITY PROVIDES AUXILIARY SERVICES FOR STUDENTS AND FACULTY. THESE SERVICES INCLUDE FOOD SERVICES AND RESIDENCE HALL ACTIVITIES. 2688710 31328664 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 57 0 1 534 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 KY X THE ORGANIZATION 8598465308 512 EAST STEPHENS STREET MIDWAY KY 403471112 DONNA M CAMPBELL CHAIR 1.00 X 0 0 0 BELINDA METZGER VICE CHAIR 1.00 X 0 0 0 LINDA L GREEN SECRETARY 1.00 X 0 0 0 IEASHA M ALLEN TRUSTEE 1.00 X 0 0 0 MIRA S BALL TRUSTEE 1.00 X 0 0 0 ANNE E BOLTON TRUSTEE 1.00 X 0 0 0 ANITA M BRITTON TRUSTEE 1.00 X 0 0 0 VIRGINIA FOX TRUSTEE 1.00 X 0 0 0 EDIE GREEN TRUSTEE 1.00 X 0 0 0 DR J J HOUSLEY TRUSTEE 1.00 X 0 0 0 DR ARDIS DEE HOVEN TRUSTEE 1.00 X 0 0 0 JANET L HUNTER TRUSTEE 1.00 X 0 0 0 BOB M HUTCHISON TRUSTEE 1.00 X 0 0 0 ELIZABETH L JONES TRUSTEE 1.00 X 0 0 0 CHRISTA MARRILLIA TRUSTEE 1.00 X 0 0 0 KEITH MATHIS TRUSTEE 1.00 X 0 0 0 HERBERT A MILLER JR TRUSTEE 1.00 X 0 0 0 LINDA S PAVEY TRUSTEE 1.00 X 0 0 0 FELICIA S QUIGG TRUSTEE 1.00 X 0 0 0 DR JAMES P ROACH TRUSTEE 1.00 X 0 0 0 LARRY B TAYLOR TRUSTEE 1.00 X 0 0 0 SUSAN M WALDEN TRUSTEE 1.00 X 0 0 0 PETER ANTONIUS BERGLAR TRUSTEE 1.00 X 0 0 0 SHEILA D GRIFFETH TRUSTEE 1.00 X 0 0 0 ADRIAN M MENDIONDO TRUSTEE 1.00 X 0 0 0 JONATHAN RABINOWITZ TRUSTEE 1.00 X 0 0 0 DR JOHN P MARSDEN PRESIDENT 40.00 X 510100 0 80794 TIMOTHY CAMPBELL VICE PRESIDENT 40.00 X 120396 0 10879 ELLEN D GREGORY VICE PRESIDENT 40.00 X 130389 0 5286 LEAH RICE VICE PRESIDENT 40.00 X 168857 0 18612 JAMES TIMOTHY CULVER VICE PRESIDENT 40.00 X 146831 0 22231 CARRIE CHRISTENSEN ASSISTANT VICE PRESIDENT 40.00 X 126609 0 13249 HEATH MORGAN VICE PRESIDENT 40.00 X 102716 0 14034 ASHLEY DUDGEON VICE PRESIDENT 40.00 X 95620 0 18073 TRAVIS BROOME CHIEF INFORMATION OFFICER 40.00 X 111580 0 4163 DIANE CHLEWBOWY DEAN 40.00 X 124101 0 12821 MARK GILL DEAN 40.00 X 123027 0 28367 TRISH JONES EXECUTIVE DIRECTOR 40.00 X 105318 0 13375 1865544 0 241884 11 0 1 0 ARAMARK PO BOX 7548 PHILADELPHIA PA 191017548 OUTSOURCED FACILITIES AND DINING SERVICE 3974178 VESCIO'S SPORTSFIELDS INC 901 OLD TODDS ROAD LEXINGTON KY 40509 TURF FIELD CONSTRUCTION 1292697 DEAN BUILDS INC 109 MERCER COURT LEXINGTON KY 40511 CONSTRUCTION 929763 ELLUCIAN INC 62814 COLLECTIONS CENTER DR CHICAGO IL 60693 CAMPUS ERP SOFTWARE 466470 OUTDOOR ALUMINUM PO BOX 118 GENEVA AL 36340 INSTALL BLEACHERS FOR TURF FIELD 327956 14 4493363 87298 4493363 TUITION AND FEES 611310 28436204 28436204 AUXILIARY 722210 4038213 36591 4001622 CAFETERIA SALES 722320 130038 106166 23872 32604455 218046 218046 7905 0 7905 7905 7905 672358 5329 0 23077 672358 -17748 654610 654610 OTHER INCOME 900099 117306 117306 117306 38095685 28553510 150662 4898150 X 10717018 10717018 1686678 1316352 319284 51042 8959248 6998789 1691123 269336 124650 82583 37449 4618 1111535 925961 152618 32956 725893 570862 133387 21644 31502 31502 92750 92750 182974 182974 3955336 3910246 43932 1158 622505 549656 67927 4922 263972 143216 120756 408665 32153 376512 1005366 565451 409259 30656 962013 707279 252162 2572 499962 464964 29998 5000 2128550 2011875 115508 1167 385160 344443 40717 SUPPLIES 439883 330630 104211 5042 MISCELLANEOUS 420760 348118 72642 BAD DEBT EXPENSE 389685 389685 DUES & SUBSCRIPTIONS 331826 249538 68250 14038 925105 669845 218429 36831 36371036 31328664 4488748 553624 870717 543014 4489779 3661518 13798062 14821032 599094 610922 181082 271879 57387229 31797874 23364167 25589355 31501873 34712591 141343 586844 1079231 828012 76025348 81625167 1362050 1266863 14436003 15754818 9804504 8188225 1006815 770792 26609372 25980698 X 25536215 29238595 23879761 26405874 49415976 55644469 76025348 81625167 X 1724649 4183076 320768 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 659 659 0 PART II-B, LINE 1: MIDWAY UNIVERSITY IS A MEMBER OF THE KENTUCKY CHAMBER OF COMMERCE AND COMMERCE LEXINGTON, TO WHICH IT PAID DUES OF $1,380, $207 OF WHICH WERE ALLOCATED TO LOBBYING. MIDWAY UNIVERSITY IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, TO WHICH IT PAID DUES OF $3,316, $232 WHICH WERE ALLOCATED TO LOBBYING. MIDWAY UNIVERSITY IS ALSO A MEMBER OF OTHER PROFESSIONAL ASSOCIATIONS, TO WHICH IT PAID DUES IN TOTAL OF $4,976, $220 OF WHICH WERE ALLOCATED TO LOBBYING. 31643217 62543 5198584 1604910 35299434 28926670 87600 2987474 358527 31643217 36375546 1839 -4849447 2601268 28926670 28429954 856900 7482236 393544 36375546 29449225 3300 523622 1546193 28429954 0.35997 0.29087 0.34916 1 0 1486823 1486823 44632963 24335454 20297509 6572652 5745166 827486 4694791 1717254 2977537 25589355 ANNUITY LIABILITIES 2470 FINANCE LEASES LIABILITY 545446 OPERATING LEASES LIABILITY 222876 770792 31564642 4183076 320768 4503844 27060798 182974 10851913 11034887 38095685 25336149 0 25336149 182974 10851913 11034887 36371036 PART V, LINE 4: ENDOWMENT FUNDS ARE HELD BY THE UNIVERSITY AND USED FOR THE PURPOSE STIPULATED BY THE DONOR. CURRENTLY, THE ENDOWMENT FUNDS OF THE UNIVERSITY ARE DIRECTED BY DONORS TO PROVIDE TUITION SCHOLARSHIPS FOR MIDWAY UNIVERSITY STUDENTS AND OFFSET COMPENSATION EXPENSE OF MIDWAY UNIVERSITY FACULTY. IT IS MIDWAY UNIVERSITY'S INTENT TO COMPLY WITH THE DONORS' STIPULATIONS FOR THESE FUNDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ANNUITY LIABILITY ADJUSTMENT 12,690. CHANGE IN VALUE OF BENEFICIAL TRUST 308,078. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FELLOWSHIPS 10,717,018. REVENUE NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 134,895. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FELLOWSHIPS 10,717,018. REVENUE NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 134,895. PART V, LINE 2C TERM ENDOWMENT INCLUDES TEMPORARILY RESTRICTED FUNDS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL PUBLIC ADVERTISEMENTS, AS WELL AS LITERATURE GIVEN TO PROSPECTIVE STUDENTS, DESCRIBES THE UNIVERSITY AS BEING AN EQUAL OPPORTUNITY INSTITUTION. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY ACTS AS A CONDUIT FOR DISBURSING STUDENT FINANCIAL AID PAYMENTS TO STUDENTS FROM FUNDS PROVIDED BY FEDERAL AGENCIES. THE PURPOSES OF THE FUNDS ARE DEFINED BY FEDERAL AGENCIES. THEY ARE DISBURSED BY THE UNIVERSITY IN ACCORDANCE WITH THOSE DEFINED PURPOSES. 1 SCHOLARSHIPS 1070 10717018 PART I, LINE 2: THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT, WHICH DIRECTLY OFFSETS TUITION, FEES, ROOM AND BOARD. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR JOHN P MARSDEN PRESIDENT 510100 0 0 0 0 0 13200 0 67594 0 590894 0 0 0 LEAH RICE VICE PRESIDENT 168857 0 0 0 0 0 6804 0 11808 0 187469 0 0 0 JAMES TIMOTHY CULVER VICE PRESIDENT 146831 0 0 0 0 0 6345 0 15886 0 169062 0 0 0 MARK GILL DEAN 123027 0 0 0 0 0 4286 0 24081 0 151394 0 0 0 PART I, LINE 1A HEALTH AND SOCIAL CLUB DUES AND INITIATION FEES: SOCIAL CLUB DUES AND QUARTERLY REQUIRED MEAL FEES FOR THE PRESIDENT ARE PAID BY MIDWAY UNIVERSITY. THE PERSONAL PORTION OF THE DUES IS ADDED TO THE W-2 OF THE PRESIDENT. MIDWAY UNIVERSITY PROVIDES FOR MEALS TO THE PRESIDENT FOR ON-CAMPUS, BUSINESS ACTIVITIES DIRECTED BY THE BOARD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: MIDWAY UNIVERSITY PROVIDES THE PINKERTON-ROUSE HOUSE, A HISTORICAL RESIDENCE, TO THE UNIVERSITY PRESIDENT, WHICH IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS REQUIRED AS A CONDITION OF THE PRESIDENT'S EMPLOYMENT. THE TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE MADE TO COVER THE TAXABLE PORTIONS OF THE SOCIAL CLUB DUES AND VEHICLE USE. X 2 1003621 FAIR MARKET VALUE X HORSES 3 79999 FAIR MARKET VALUE 2 0 1 0 PART I, LINE 9 STOCK DONATIONS IN THE AMOUNT OF 996,322 WAS RECEIVED IN THE CURRENT YEAR TO SATISFY A PLEDGE RECOGNIZED AS REVENUE IN A PRIOR YEAR. FORM 990, PART VI, SECTION B, LINE 11B POLICY FOR REVIEWING 990: THE BOARD REVIEWED THE 990 AT A MEETING PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST FORM IS COMPLETED ANNUALLY AND MONITORED BY THE BOARD OF TRUSTEES LIASON. IF ANY MEMBER OF THE BOARD OF TRUSTEES BECOMES DIRECTLY INTERESTED TO HIS OR HER PERSONAL FINANCIAL GAIN IN ANY CONTRACT WITH OR CLAIM AGAINST MIDWAY UNIVERSITY OR HAS WHAT IS KNOWN IN POPULAR USAGE AS A "CONFLICT OF INTEREST", HE OR SHE SHALL MAKE THIS SITUATION KNOWN AS SOON AS POSSIBLE TO THE CHAIR OF THE BOARD, WHO SHALL IN TURN INFORM THE EXECUTIVE COMMITTEE AT ITS NEXT MEETING. AT THIS TIME THE SITUATION SHALL BE EXAMINED AND APPROPRIATE ACTION TAKEN. IF ANY CONFLICT OF INTEREST AS DESCRIBED ABOVE INVOLVING ANY BOARD MEMBER COMES TO THE ATTENTION OF A BOARD MEMBER NOT SO INVOLVED, THAT MEMBER SHOULD REPORT THIS TO THE CHAIR OF THE BOARD. IF SUCH MEMBER IS THE CHAIR, IT SHOULD BE REPORTED TO THE NEXT EXECUTIVE COMMITTEE MEETING. AT THIS TIME THE SITUATION SHALL BE EXAMINED AND APPROPRIATE ACTION TAKEN. THE EXECUTIVE COMMITTEE SHALL REVIEW ALL THESE SITUATIONS OF WHICH IT IS AWARE ANNUALLY AT ITS FIRST MEETING FOLLOWING THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. ANNUALLY AT THE MAY MEETING OF THE BOARD OF TRUSTEES THE EXECUTIVE COMMITTEE DELIBERATES UPON THEIR EVALUATION OF THE PRESIDENT'S PERFORMANCE AND PRESIDENTIAL COMPENSATION DATA ON COMPARABLE INSTITUTIONS FROM THE ADMINISTRATIVE COMPENSATION SURVEY PUBLISHED BY THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES (CUPA-HR) TO ESTABLISH A COMPENSATION LEVEL FOR THE COMING ACADEMIC YEAR. ALL OTHER EXECUTIVES AND KEY EMPLOYEE'S COMPENSATION IS DETERMINED BY THE PRESIDENT. PERFORMANCE EVALUATIONS ARE CONDUCTED ANNUALLY BY DEPARTMENT DIRECTORS AND VICE-PRESIDENT IN-CHARGE. THE EVALUATIONS INCLUDING COMPENSATION INCREASES ARE THEN FORWARDED TO THE PRESIDENT. THE BOARD OF TRUSTEES IN THEIR ANNUAL BUDGET PROCESS SETS A POOL FOR COMPENSATION INCREASES. THE PRESIDENT REVIEWS THE EVALUATIONS AND SUGGESTED COMPENSATION INCREASES THEN DETERMINES EACH EMPLOYEE'S COMPENSATION INCREASE SO AS TO CONFORM IN TOTAL WITH THE POOL SET BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S 990,990T, AND GOVERNING DOCUMENTS MAY BE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTING & OUTSOURCED SERVICES: PROGRAM SERVICE EXPENSES 3,910,246. MANAGEMENT AND GENERAL EXPENSES 43,932. FUNDRAISING EXPENSES 1,158. TOTAL EXPENSES 3,955,336. FORM 990, PART XI, LINE 9: ANNUITY LIABILITY ADJUSTMENT 12,690. DECREASE IN ASSETS HELD IN TRUST 308,078. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR FOR OVERSIGHT OF THE AUDIT OR SELECTION OF THE AUDITORS. PART VII THE AMOUNTS OF OTHER COMPENSATION FROM THE UNIVERSITY IN COLUMN F INCLUDE A NON-TAXABLE HOUSING BENEFIT FOR PRESIDENT DR. JOHN P. MARSDEN OF $49,798. THIS VALUE REPRESENTS THE ANNUAL FAIR RENTAL VALUE OF THE PROPERTY PER IRC SECTION 119(D) PLUS DIRECT UTILITIES AND OTHER EXPENSES OF THE PROPERTY. CHARITABLE REMAINDER UNITRUST BENEFICIAL TRUST KY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0