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 are updated and reviewed annually by the 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 the evaluation, the board will approve a compensation increase in accordance with the terms of the president's employment contract. The president's employment contract was written based on feedback from an independent compensation consultant who 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. Should any changes to the president's employment contract be considered necessary, the board of trustees would again engage the same or similar compensation consultant.”

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

“Security: program service expenses 189,660. Management and general expenses 32,247. Fundraising expenses 4,430. Total expenses 226,337. Custodial: program service expenses 436,220. Management and general expenses 71,027. Fundraising expenses 9,943. Total expenses 517,190. Academic/instruction: program service expenses 15,042. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,042. Marketing and media consulting: program service expenses 57,683. Management and general expenses 1,949,317. Fundraising expenses 13,103. Total expenses 2,020,103. Paralympics event: program service expenses 483,903. Management and general expenses 0. Fundraising expenses 0. Total expenses 483,903. Creative services: program service expenses 0. Management and general expenses 239,647. Fundraising expenses 0. Total expenses 239,647. Student recruiting: program service expenses 380,167. Management and general expenses 0. Fundraising expenses 0. Total expenses 380,167. Research: program service expenses 110,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 110,000. Consulting: program service expenses 109,209. Management and general expenses 94,855. Fundraising expenses 0. Total expenses 204,064. Food services: program service expenses 0. Management and general expenses 41,500. Fundraising expenses 0. Total expenses 41,500. Other professional fees: program service expenses 369,105. Management and general expenses 115,122. Fundraising expenses 41,299. Total expenses 525,526.”

“Change in value of interest rate swap contract 529,872.”

“The process has not changed from the prior year.”