Walsh University Inc

“A draft of the form 990 was presented to the finance and audit committee for discussion and approval at the february meeting. Upon approval, the finance and audit committee recommended approval of the form 990 by the full board. The approved copy of the form 990 was made available to all board members through electronic mail. Schedule b was redacted in the emailed version with a hard copy made available to the board at the finance office.”

“The conflict of interest policy applies to all members of the board of directors of walsh university. 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. If a director reports a conflict of interest to the board, that director may express his or her views at board or committee meetings after disclosing at the time of such expression the material facts giving rise to the conflict of interest. The disinterested directors are also permitted to discuss the matter outside of the presence of the director who has a conflict of interest. The director who has a conflict of interest will not be permitted to vote on matters under consideration by the board affected by the conflict.”

“The compensation committee is responsible for establishing the compensation of the president of the university. 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. Note that the vp of finance & business affairs/cfo is a non-voting member of the committee and makes no decisions regarding the president's compensation. 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. The president sets compensation amounts for the university's vice-presidents based on the university's compensation management program. The compensation management program takes into account job factors including facilitating student success, knowledge and skill, impact and responsibility, interaction with others, and working context. The president works with the director of human resources to reference the cupa-hr administrative compensation survey to determine if salary levels are appropriate. The board of directors approves all contracts through the budgeting process.”

“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 on interest rate swap 337,062. Gross income from women's committee events -32,797. Expenses from women's committee events 25,701. Women's committee fundraiser donated auction items -2,211.”

“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, 2018 walsh university, inc. Is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”