Logan University Inc

“Ralph barrale, vp alumni, and barb cronin, director of the alumni and friends house, are brother and sister.”

“Upon completion of form 990 by logan's independent third party preparer, the form is reviewed by logan's audit and finance committee.”

“Conflict of interest statements updated and reviewed annually by board of trustees.”

“Each year, the board of trustees evaluates the president's performance based on mutually agreed upon objectives and key performance indicators. Based on this evaluation, the board determines any compensation change based on merit and the compensation study. On a regular basis, logan engages an independent compensation consultant to conduct a compensation analysis report with respect to compensation paid to its president. The independent compensation consultant is experienced in conducting compensation analysis studies, in fulfillment of the rebuttable presumption standard set forth in the internal revenue code and treasury regulations promulgated thereunder.”

“Upon written request, the governing documents are made available at the university's business office during normal business hours.”

“Security : program service expenses 171,360. Management and general expenses 28,101. Fundraising expenses 4,014. Total expenses 203,475. Custodial : program service expenses 459,119. Management and general expenses 73,625. Fundraising expenses 10,518. Total expenses 543,262. Academic/instruction : program service expenses 836,090. Management and general expenses 0. Fundraising expenses 0. Total expenses 836,090. Marketing and media consulting: program service expenses 193,238. Management and general expenses 2,365,848. Fundraising expenses 12,970. Total expenses 2,572,056. Broker: program service expenses 3,775. Management and general expenses 109,334. Fundraising expenses 0. Total expenses 113,109. Master space planning: program service expenses 0. Management and general expenses 740,400. Fundraising expenses 0. Total expenses 740,400. Software consultants: program service expenses 0. Management and general expenses 272,982. Fundraising expenses 0. Total expenses 272,982. Student recruiting: program service expenses 90,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,500. Research: program service expenses 180,657. Management and general expenses 0. Fundraising expenses 0. Total expenses 180,657. Other fees: program service expenses 282,465. Management and general expenses 89,247. Fundraising expenses 85,495. Total expenses 457,207.”

“In march 2020, the covid-19 virus was declared a global pandemic and as these financial statements are to be issued, the virus continues to spread. Business continuity relies on students seeking a higher education which has been affected by the virus. Management is carefully monitoring the situation and is evaluating its options during this time.”