Midwestern University

“Describe the process used by the organization to review 990 the 990 is prepared by management of the university along with the advice of the university's auditors, attorneys and tax advisors. The 990 is then reviewed by the ceo and cfo prior to presenting to the board of trustees. The 990 is presented to the board of trustees for their review at the board retreat prior to filing.”

“Conflicts of interest policy midwestern university has a written conflict of interest policy approved by the board of trustees. For the university and all of its related organizations, all officers, trustees, key employees and all faculty and staff are annually required to complete a conflict of interest questionnaire and disclose all conflicts of interest. Questionnaires are returned to the president of the university, for review and annual approval. A committee of the board of trustees meets as necessary to review and resolve any potential conflicts of interests reported on the questionnaires involving a trustee, officer, or certain key employees. The president, as designee of the board committee, reviews and resolves matters involving other individuals who receive the questionnaires. Procedures for addressing actual or possible conflicts are set forth in the board approved conflicts of interest policy statement. Records of any proceedings are kept, and annual reports of the activities, reviews and resolutions regarding conflicts of interest are made to the board of trustees.”

“Whistleblower policy the university has a board of trustee approved written whistleblower policy in place and has implemented policies and procedures encouraging employees to come forward (whether through an open door policy or a confidential phone line in the president and ceo offices) with information on various improper activities, specifies that the individuals will be protected from retaliation, identifies staff and management personnel to whom such information can be reported, and assures that such information will be reviewed and acted upon by management as appropriate.”

“Document retention and destruction policy midwestern university has a board of trustee approved written document retention and destruction policy.”

“OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN MIDWESTERN UNIVERSITY ADOPTED A COMPREHENSIVE EXECUTIVE COMPENSATION REVIEW SYSTEM IN 1995 AND HAS FOLLOWED THE POLICY THROUGHOUT THE YEARS. THE POLICIES AND PRACTICES HAVE ENSURED A CONSISTENT METHODOLOGY FOR ALL ACADEMIC DEANS AND OFFICERS OF THE UNIVERSITY AND THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (THE "COMPENSATION COMMITTEE"). THE COMPENSATION COMMITTEE IS COMPOSED OF TRUSTEES WITHOUT A CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION ARRANGEMENTS WHICH IT APPROVES. THE COMPENSATION COMMITTEE CHAIR ENGAGES AN OUTSIDE COMPENSATION CONSULTANT TO BENCHMARK THE SALARIES AND BENEFITS OF THE ADMINISTRATIVE PERSONNEL OF MIDWESTERN UNIVERSITY. MERIT INCREASES ARE AWARDED BASED ON COMPREHENSIVE WRITTEN PERFORMANCE APPRAISALS, EXTERNAL MARKET AND COMPARABILITY DATA AND INTERNAL EQUITY. THE COMPENSATION COMMITTEE REVIEWS ALL PERFORMANCE APPRAISAL FORMS, INCLUDING A COMPREHENSIVE REVIEW OF THE PERFORMANCE OF THE PRESIDENT, CHIEF EXECUTIVE OFFICER THAT IS DISTRIBUTED TO EVERY MEMBER OF THE BOARD OF TRUSTEES, AND COLLECTED AND EVALUATED BY THE CHAIRMAN OF THE BOARD. THE COMPENSATION COMMITTEE MEETS AT LEAST TWICE A YEAR. ONE MEETING IS HELD EXCLUSIVELY TO REVIEW THE PERTINENT DATA AND PRESIDENT'S PERFORMANCE AND MAY INCLUDE THE EXTERNAL CONSULTANT DURING THE MEETING. THE PRESIDENT IS NOT INCLUDED IN THIS MEETING. MINUTES OF ALL COMPENSATION COMMITTEE MEETINGS ARE WRITTEN AND MAINTAINED IN THE OFFICE OF THE PRESIDENT CEO. In addition to the annual external consultant analysis of all executive salaries, the Board has ENGAGED KORN FERRY HAY GROUP TO REVIEW THE COMPENSATION and benefits OF THE PRESIDENT AND CEO OF THE UNIVERSITY.”

“Avail of gov docs, conflict of interest policy, & fin stmts to gen public midwestern university's governing documents and conflict of interest policy are not made available to the general public. The 990 is available on guidestar.com and also at each of the university's two campuses. The financial statements and pertinent operating statistics are available at www.dacbond.com”

“Number of volunteers consist primarily of adjunct/volunteer (uncompensated) faculty providing teaching services for the university's various healthcare educational services ( 2,846 ), as well as uncompensated members of the board of trustees (15).”

“Description of program service accomplishments during the fiscal year ended 6/30/16, midwestern university provided health sciences education services to approximately 6,246 pre-doctoral students and 122 post-doctoral students. These student services are located on three campuses, two in illinois and one in arizona. Midwestern university offers health education programs in medicine, pharmacy, physician assistance, physical therapy, occupational therapy, biomedical sciences, podiatry, clinical psychology, perfusion services, nurse anesthetist, dentistry, optometry, veterinary medicine, speech language pathology, and graduate education programs in medicine, as well as continuing education for staff and alumni. Midwestern university continued its research and training programs with the support of federal and private funding. Midwestern university clinics the midwestern university multispecialty clinics operated at the arizona and illinois campuses include dental institutes, eye institutes, family medicine practices, companion animal clinic at the animal health institute, speech-language institutes, a physical therapy institute and other health services designed to provide clinical teaching sites and meet a wide-range of healthcare needs of area patients. In accordance with the university's academic mission, the fee schedules at the two dental instititutes have been reduced to approximately 50% or more of usual and customary charges. As a result, during fiscal year 2016 mwu patients paid $21,263,000 less in patient service fees than they would have had mwu charged usual and customary fees. Also, the university has a discount program whereby low income individuals can apply for free care at mwu clinics based on the federal poverty guidelines. The total discounts in fiscal year 2016 were $1,413,000 at stated patient service charges. Had mwu charged usual and customary fees, the value of the discounts would have been $3,473,000.”

“Credit counseling, debt management services the university answered "yes" at form 990, part iv, line 9, only because it provides credit counseling, debt management services to its students in conjunction with its student loan/financial aid programs. Schedule d, part iv requests no information pertaining to these services.”

“Reclassifications Certain reclassifications were made to the 2015 consolidated financial statements to conform to the classifications used in 2016. The reclassifications had no effect on increase in net assets or net assets as previously reported. The debt issuance costs in 2015 of $5,294,000 were reclassified from deferred bond issuance costs, less amortization to long-term debt, less current portion on the consolidated statements of financial position. The Reclassifications resuted in the following differences from the prior year 990 on Part X, Line 15 and 20. Part X, Line 15, 2014 EOY 21,879,799 Part X, Line 15, 2015 BOY 18,586,020 ___________ 3,293,779 Part X, Line 20, 2014 EOY 309,462,281 Part X, Line 20, 2015 BOY 306,168,502 ____________ 3,293,779”

“OTHER CHANGES IN NET ASSETS OR FUND BALANCES $(4,367,628) UNREALIZED LOSS ON INTEREST RATE PROTECTION AGREEMENTS $ (69,359) net asset transfer to Midwestern University Foundation $ (121,864) NONCASH CONTRIBUTIONS not reported on Financial Statements ____________ $(4,558,851) TOTAL”