Totals
- Total revenue
- $41,488,226
- Total expenses
- $37,998,296
- Contributions and grants received
- $6,251,352
- Grants paid
- $10,335,887
- Program service revenue
- $33,508,284
- Investment income
- $1,637,139
- Other revenue
- $91,451
- Total assets, end of year
- $88,963,568
- Total liabilities, end of year
- $27,328,315
- Net assets or fund balances, end of year
- $61,635,253
- Program services expenses (Part IX)
- $32,659,851
- Management and general expenses
- $4,776,163
- Fundraising expenses
- $562,282
- Program service expenses (Part III)
- $32,659,851
Program services were 86.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$6,251,352
-
1g · Noncash contributions included above
$1,371,400
-
2a · Program service revenue: TUITION AND FEES
total $29,455,297 · related or exempt $29,455,297
-
2b · Program service revenue: AUXILIARY
total $3,915,653 · related or exempt $3,868,602 · unrelated business $47,051
-
2c · Program service revenue: CAFETERIA SALES
total $137,334 · related or exempt $1,992 · unrelated business $135,342
-
3 · Investment income
total $197,426 · excluded $197,426
-
6a · Gross rents
real property $2,028
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $2,028
-
6d · Net rental income or loss
total $2,028 · unrelated business $2,028
-
7a · Gross sales of assets other than inventory
securities $1,440,053 · other assets $3,160
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $3,500
-
7c · Gain or loss
securities $1,440,053 · other assets -$340
-
7d · Net gain or loss
total $1,439,713 · excluded $1,439,713
-
11a · Other revenue: OTHER INCOME
total $89,423 · related or exempt $89,423
-
11e · Other revenue, total
$89,423
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $10,335,887 · program services $10,335,887
-
5 · Compensation of officers, directors and key employees
total $1,746,703 · program services $1,381,213 · management and general $309,090 · fundraising $56,400
-
7 · Other salaries and wages
total $9,632,123 · program services $7,662,181 · management and general $1,706,217 · fundraising $263,725
-
8 · Pension plan contributions
total $214,668 · program services $140,207 · management and general $49,473 · fundraising $24,988
-
9 · Other employee benefits
total $1,268,529 · program services $1,017,620 · management and general $192,064 · fundraising $58,845
-
10 · Payroll taxes
total $775,160 · program services $606,127 · management and general $146,641 · fundraising $22,392
-
11b · Fees: legal
total $22,278 · management and general $22,278
-
11c · Fees: accounting
total $85,600 · management and general $85,600
-
11f · Fees: investment management
total $191,656 · management and general $191,656
-
11g · Fees: other
total $4,515,278 · program services $4,383,454 · management and general $130,969 · fundraising $855
-
12 · Advertising and promotion
total $567,212 · program services $493,859 · management and general $69,206 · fundraising $4,147
-
13 · Office expenses
total $266,345 · program services $168,620 · management and general $97,725
-
14 · Information technology
total $585,226 · program services $52,830 · management and general $532,396
-
16 · Occupancy
total $1,056,289 · program services $633,473 · management and general $389,667 · fundraising $33,149
-
17 · Travel
total $874,169 · program services $577,374 · management and general $294,043 · fundraising $2,752
-
20 · Interest
total $446,663 · program services $415,397 · management and general $26,800 · fundraising $4,466
-
22 · Depreciation, depletion and amortization
total $2,550,060 · program services $2,411,090 · management and general $137,580 · fundraising $1,390
-
23 · Insurance
total $493,305 · program services $410,719 · management and general $82,586
-
24a · Other expenses: MISCELLANEOUS
total $699,871 · program services $662,882 · management and general $0 · fundraising $36,989
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $336,764 · program services $252,793 · management and general $67,656 · fundraising $16,315
-
24c · Other expenses: BAD DEBT EXPENSE
total $333,755 · program services $333,755
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $236,411 · program services $43,825 · management and general $192,586
-
24e · All other expenses
total $764,344 · program services $676,545 · management and general $51,930 · fundraising $35,869
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $543,014 · end of year $4,430,366
-
3 · Pledges and grants receivable
beginning of year $3,661,518 · end of year $2,902,315
-
4 · Accounts receivable
beginning of year $14,821,032 · end of year $15,331,002
-
7 · Other notes and loans receivable
beginning of year $610,922 · end of year $623,001
-
9 · Prepaid expenses and deferred charges
beginning of year $271,879 · end of year $209,845
-
10a · Land, buildings and equipment: cost or other basis
$60,777,798
-
10b · Land, buildings and equipment: accumulated depreciation
$34,327,424
-
10c · Land, buildings and equipment, net
beginning of year $25,589,355 · end of year $26,450,374
-
11 · Investments: publicly traded securities
beginning of year $34,712,591 · end of year $38,268,209
-
12 · Investments: other securities
beginning of year $586,844 · end of year $204,259
-
15 · Other assets
beginning of year $828,012 · end of year $544,197
-
17 · Accounts payable and accrued expenses
beginning of year $1,266,863 · end of year $1,096,144
-
19 · Deferred revenue
beginning of year $15,754,818 · end of year $16,230,932
-
23 · Secured mortgages and notes payable
beginning of year $8,188,225 · end of year $9,465,692
-
25 · Other liabilities
beginning of year $770,792 · end of year $535,547
-
27 · Net assets without donor restrictions
beginning of year $29,238,595 · end of year $29,956,330
-
28 · Net assets with donor restrictions
beginning of year $26,405,874 · end of year $31,678,923
Mission and programs · 2024
Mission
MIDWAY UNIVERSITY IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION LOCATED IN MIDWAY, KENTUCKY, FOUNDED IN 1847 AS THE KENTUCKY FEMALE ORPHAN SCHOOL. THE INSTITUTION OFFERS TRADITIONAL PROGRAMS AS WELL AS ACCELERATED PROGRAMS IN THE EVENING AND ONLINE. DEGREES OFFERED INCLUDE ASSOCIATE, BACCALAUREATE AND MASTER'S DEGREES.
Activities or mission (Part I)
MIDWAY UNIVERSITY INVESTS IN OUR STUDENTS, ENGAGING THEM IN PERSONALIZED LEARNING EXPERIENCES AND PREPARING THEM FOR FULFILLING CAREERS.
-
MIDWAY UNIVERSITY OFFERS A LIBERAL ARTS FOUNDATION THROUGH A GENERAL EDUCATION CURRICULUM AND CAREER FOCUSED PREPARATION THROUGH MAJORS AT THE UNDERGRADUATE LEVEL. IN ADDITION, THE UNIVERSITY PROVIDES COEDUCATIONAL ACCELERATED ADULT UNDERGRADUATE AND GRADUATE PROGRAMS IN THE EVENINGS AT THE MAIN CAMPUS AND ONLINE. ALL PROGRAMS ARE INTENDED TO LEAD TO REWARDING CAREERS AND RESPONSIBLE CITIZENSHIP.
Expenses $22,432,505 · Grants $10,335,887 · Revenue $29,455,297
-
THE UNIVERSITY PROVIDES ACADEMIC SUPPORT TO STUDENTS IN THE FORM OF ACADEMIC ADVISORS, ACADEMIC COUNSELING, AND LIBRARY AND COMPUTER SERVICES. THE UNIVERSITY'S 15 - 1 STUDENT-FACULTY RATIO ENSURES EASY ACCESS TO AND DEVELOPMENT OF GOOD RELATIONSHIPS WITH FACULTY.
Expenses $1,127,905
-
THE UNIVERSITY PROVIDES STUDENTS WITH A NUMBER OF OPPORTUNITIES TO BECOME INVOLVED IN SOCIAL, RECREATIONAL, EDUCATIONAL, AND CULTURAL ACTIVITIES. ANNUAL EVENTS INCLUDE NIGHT OF LIGHTS, THE LAST SUPPER, MIDWAY CHRISTMAS VESPERS, AND GRADUATION FESTIVITIES. CHORALE CONCERTS AND STUDENT PRODUCTIONS ADD A CULTURAL DIMENSION TO CAMPUS LIFE. A NUMBER OF STUDENT ACTIVITIES AND ORGANIZATIONS PROVIDE STUDENTS WITH THE OPPORTUNITY TO SUPPLEMENT ACADEMIC LEARNING, SHARPEN LEADERSHIP SKILLS, AND ACTIVELY PARTICIPATE IN THE PROCESS OF PLANNING AND ORGANIZING PROGRAMS.
Expenses $6,175,298
-
THE UNIVERSITY PROVIDES AUXILIARY SERVICES FOR STUDENTS AND FACULTY. THESE SERVICES INCLUDE FOOD SERVICES AND RESIDENCE HALL ACTIVITIES.
Expenses $2,924,143 · Revenue $3,960,017
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Donna M CampbellDONNA M CAMPBELL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Belinda MetzgerBELINDA METZGER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Linda L GreenLINDA L GREEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ieasha M AllenIEASHA M ALLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mira S BallMIRA S BALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anne E BoltonANNE E BOLTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anita M BrittonANITA M BRITTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Virginia FoxVIRGINIA FOX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edie GreenEDIE GREEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr J J HousleyDR J J HOUSLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Ardis Dee HovenDR ARDIS DEE HOVEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob M HutchisonBOB M HUTCHISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth L JonesELIZABETH L JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christa MarrilliaCHRISTA MARRILLIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Keith MathisKEITH MATHIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Herbert A Miller JrHERBERT A MILLER JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Linda S PaveyLINDA S PAVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Felicia S QuiggFELICIA S QUIGG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan RabinowitzJONATHAN RABINOWITZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr James P RoachDR JAMES P ROACH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Larry B TaylorLARRY B TAYLOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan M WaldenSUSAN M WALDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tate RussellTATE RUSSELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edward MonacoEDWARD MONACO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr John P MarsdenDR JOHN P MARSDEN
PRESIDENT
- Total calculated
- $631,122
- From this org
- $550,526
- From related orgs
- $0
- Other
- $80,596
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $550,526
- Bonus
- $0
- Other
- $0
- Deferred
- $12,526
- Nontaxable benefits
- $68,070
- Filer's total
- $631,122
-
Timothy CampbellTIMOTHY CAMPBELL
VICE PRESIDENT
- Total calculated
- $190,220
- From this org
- $174,090
- From related orgs
- $0
- Other
- $16,130
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,090
- Bonus
- $0
- Other
- $0
- Deferred
- $7,000
- Nontaxable benefits
- $9,130
- Filer's total
- $190,220
-
Ellen D GregoryELLEN D GREGORY
CHIEF MARKETING OFFICER
- Total calculated
- $137,530
- From this org
- $132,117
- From related orgs
- $0
- Other
- $5,413
- Hours/week
- 40
-
Leah RiceLEAH RICE
VICE PRESIDENT
- Total calculated
- $202,498
- From this org
- $183,649
- From related orgs
- $0
- Other
- $18,849
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,649
- Bonus
- $0
- Other
- $0
- Deferred
- $7,041
- Nontaxable benefits
- $11,808
- Filer's total
- $202,498
-
James Timothy CulverJAMES TIMOTHY CULVER
VICE PRESIDENT
- Total calculated
- $183,453
- From this org
- $160,987
- From related orgs
- $0
- Other
- $22,466
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,987
- Bonus
- $0
- Other
- $0
- Deferred
- $6,580
- Nontaxable benefits
- $15,886
- Filer's total
- $183,453
-
Carrie ChristensenCARRIE CHRISTENSEN
ASSISTANT VICE PRESIDENT
- Total calculated
- $137,364
- From this org
- $123,180
- From related orgs
- $0
- Other
- $14,184
- Hours/week
- 40
-
Heath MorganHEATH MORGAN
VICE PRESIDENT
- Total calculated
- $149,538
- From this org
- $120,257
- From related orgs
- $0
- Other
- $29,281
- Hours/week
- 40
-
Ashley DudgeonASHLEY DUDGEON
VICE PRESIDENT
- Total calculated
- $127,776
- From this org
- $109,380
- From related orgs
- $0
- Other
- $18,396
- Hours/week
- 40
-
Travis BroomeTRAVIS BROOME
CHIEF INFORMATION OFFICER
- Total calculated
- $119,006
- From this org
- $114,686
- From related orgs
- $0
- Other
- $4,320
- Hours/week
- 40
-
Diane ChlewbowyDIANE CHLEWBOWY
DEAN
- Total calculated
- $136,876
- From this org
- $124,038
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
-
Mark GillMARK GILL
DEAN
- Total calculated
- $149,661
- From this org
- $121,460
- From related orgs
- $0
- Other
- $28,201
- Hours/week
- 40
-
Trish JonesTRISH JONES
EXECUTIVE DIRECTOR
- Total calculated
- $132,494
- From this org
- $118,894
- From related orgs
- $0
- Other
- $13,600
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- HEALTH AND SOCIAL CLUB DUES AND INITIATION FEES: SOCIAL CLUB DUES AND QUARTERLY REQUIRED MEAL FEES FOR THE PRESIDENT ARE PAID BY MIDWAY UNIVERSITY. THE PERSONAL PORTION OF THE DUES IS ADDED TO THE W-2 OF THE PRESIDENT. MIDWAY UNIVERSITY PROVIDES FOR MEALS TO THE PRESIDENT FOR ON-CAMPUS, BUSINESS ACTIVITIES DIRECTED BY THE BOARD. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: MIDWAY UNIVERSITY PROVIDES THE PINKERTON-ROUSE HOUSE, A HISTORICAL RESIDENCE, TO THE UNIVERSITY PRESIDENT, WHICH IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS REQUIRED AS A CONDITION OF THE PRESIDENT'S EMPLOYMENT. THE TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE MADE TO COVER THE TAXABLE PORTIONS OF THE SOCIAL CLUB DUES AND VEHICLE USE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER UNITRUST
T · BENEFICIAL TRUST · KY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 2 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640719349301659
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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