Midwestern University

“The university board of trustees annually approve the written whistleblower policy that is in place. The university 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. The policy 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.”

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

“The Executive Committee consists of the Chairperson of the Board of Trustees, the Vice Chairperson of the Board of Trustees, the Secretary, the Treasurer, and the President and CEO of the University. The duty of the Executive Committee is to transact the business of the Board of Trustees between meetings of the Board, but the designation of such committee and the delegation thereto of authority shall not operate to relieve the Board of Trustees, or any individual Trustee, of any responsibility imposed by law. All actions of the Executive Committee shall be deemed to be the actions of the Board of Trustees and shall be reported to the Board of Trustees at its next meeting. The Executive Committee shall be vested with and may in its discretion exercise the full powers, duties, responsibilities, and authority of the Board of Trustees except where prohibited by law.”

“Daniel Tapia - Family relationship, Amy Gibson - Family relationship”

“The 990 is prepared by management of the university along with the advice of the university's external 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 february board of trustees meeting prior to filing.”

“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, 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 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 and reviewed by external auditors.”

“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, irs.gov and also at each of the university's two campuses. The financial statements and pertinent operating statistics are available at www.dacbond.com”

“Credit card fee revenue share - Total Revenue: 140698, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 140698; Miscellaneous Revenue - Total Revenue: 129005, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 129005; Misc Student Fees - Total Revenue: 66146, Related or Exempt Function Revenue: 66146, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Misc Housing Fees - Total Revenue: 32760, Related or Exempt Function Revenue: 32760, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Alumni Association Dues - Total Revenue: 29153, Related or Exempt Function Revenue: 29153, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Late Charges - Total Revenue: 26924, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 26924; Contract Service Revenue - Total Revenue: 18896, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 18896; Library Services - Total Revenue: 16959, Related or Exempt Function Revenue: 16959, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Bookstore - Total Revenue: 14986, Related or Exempt Function Revenue: 14986, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Vending Machines Revenue - Total Revenue: 6698, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 6698; Fitness Program - Total Revenue: 3685, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 3685; Convenience Charge Revenue - Total Revenue: 3177, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 3177; Copy Center Chgs Revenue - Total Revenue: 2119, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 2119; Parking Fines - Total Revenue: 2015, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 2015; Penalty Charges - Total Revenue: 138, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 138; Returned Check Fee - Total Revenue: -33237, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: -33237;”

“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 the 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. Beginning in fiscal 2018 and every consecutive year, korn ferry hay has been engaged to complete a comprehensive review of both total compensation and executive benefits of all senior administrators of midwestern university. Their complete and comprehensive study was presented to the executive compensation committee of the board of trustees. The compensation committee of the board of trustees approves their analysis and recommendations. This is an annual process that has been in place for the past 30 years.”

“Number of volunteers consists primarily of adjunct/volunteer (uncompensated) faculty providing teaching services for the university's various healthcare educational services (2,861), as well as uncompensated members of the board of trustees (15).”

“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.”

“Change in Unrealized Gain on interest rate protection agreements - 2173042; Net asset transfer (to) from affiliates - -145339; NonCash Contributions - -8375;”

“Central america and the caribbean: other, the university's investments in the region are in limited partnerships located in the cayman islands that are treated for tax purposes as foreign corporations. Expenditures are reported on the financial statements using the accrual method of accounting. Expenditures are reported on the financial statements in the year paid. Investments are reported at fair value as of the fiscal year end.”