MID Continent College

“There is a family relationship between the president and vice president of adult programs. There is a family relationship between two trustees.”

“A draft of the form 990 is reviewed by the vice president of finance before it is filed.”

“The university's trustees are required to annually disclose conflicts of interest, however, officers and key employees are not required to do so.”

“The organization consistently enforces the conflict of interest policy by requiring individuals to request permission from the board of trustees to transact business with the university, and requires full disclosure of these transactions. Employees are required to get written permission prior to accepting any outside employment.”

“To determine the president's salary, the organization uses a third party to perform a compensation study. The results of this study are reviewed by the compensation committee and approved by the board of directors.”

“The organization makes its governing documents and conflict of interest policy available to the public upon request. The organization's financial statements are available to the public via the federal audit clearinghouse database through the internet.”

“The organization filed for chapter 11 bankruptcy on september 30, 2014 and is currently actively pursuing reorganization under the united states bankruptcy court. The organization has not yet undergone the required a-133 audit for fiscal year 6/30/14, but is in the process of making arrangements to have that audit completed.”

“Mid-continent university filed for chapter 11 bankruptcy on september 30, 2014 and is currently actively pursuing reorganization under the direction of thomas h. Fulton chief judge, united states bankruptcy court, louisville,ky (502)627-5550.”