Walsh University Inc

“Starting in 2010 (for the tax year ending june 30, 2009), each year a draft of the form 990 will be presented to the finance and audit committee for discussion and approval at the february meeting. Upon approval, the finance and audit committee will recommend approval of the form 990 by the full board. The approved copy of the form 990 will be made available to all board members through electronic mail. Schedule b will be redacted in the emailed version with a hard copy made available to the board at the finance office.”

“Each year, the president's office sends out "confidential disclosure statements" to all members of the board of directors and the university's officers. By completing and signing the statements each member or officer is certifying that they have carefully read the walsh university board of directors conflict of interest policy; that they will abide by the letter and the spirit of the policy and that they will make all disclosures required under the terms of the policy. The completed and signed statements are sent to the secretary of the board of directors. The secretary and the chair of the board review the statements and make a determination as to the likelihood of any actual or potential conflicts of interests.”

“In 2007 the current compensation committee was formed to amend and monitor the president's contract. The committee consists of the following: - chairman of the board of directors - vice- chairman of the board of directors - finance & audit committee chairman - vp of finance & business affairs/cfo additional input comes from the director of human resources. The committee established the president's contract amendment no. 1, effective july 1, 2007, which defines additional benefits. The compensation committee used the following information and services to establish the amendment: - naicu presidents network salary survey - cupa-hr administrative compensation survey - consultant - legal services from black, mccuskey, souers & arbaugh in 2014 the committee amended the president's contract to establish the annual base salary and longevity payments for the term of the contract. The annual base salary is set according to the most recent version of the administrator's in higher education salary survey, private religious institutions (cupa-hr survey) under the ceo, single inst./campus syst. Column. It shall be the average of the unweighted median salary by enrollment quartile and the unweighted median salary by total expense quartile. Each year the chairman and vice-chairman of the board approve the president's annual base salary and longevity payment.”

“Walsh university does not make governing documents, conflict of interest policy and financial statement available to the general public. However, the university will provide these documents to the general public upon request.”

“Gain/loss on derivatives -246,702. Net income from kentucky derby & fashion show fundraising events -16,267.”

“Section 1.263(a)-1(f) de minimis safe harbor election walsh university, inc. 2020 east maple st. North canton, oh 44720-3396 employer identification number: 34-0868798 for the year ending june 30, 2016 walsh university, inc. Is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”