2026-01-14T10:47:50+00:00 2025-08-31 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2024-09-01 381308480 Walsh College of Accountancy & Business Administration WALS 2486898282 3838 LIVERNOIS RD TROY MI 48083 SUZANNE SIEGLE PRESIDENT & CEO 2026-01-14 true true Lauren Denton P01571860 2604604000 2026-01-14 2024 2025-03-06 01:10:19Z SUZANNE SIEGLE 3838 LIVERNOIS RD TROY MI 48083 22846831 false X WWW.WALSHCOLLEGE.EDU X 1922 MI PROVIDES A TRANSFORMATIVE BUSINESS AND TECHNOLOGY EDUCATION THAT COMBINES THEORY, APPLICATION, AND PROFESSIONAL EXPERIENCE TO PREPARE GRADUATES FOR SUCCESSFUL CAREERS. 7 6 219 7 26938 17684 1653841 2375484 15010770 17282667 565879 479160 0 0 17230490 20137311 1150428 1339688 0 14267164 10149122 0 0 428506 6059996 7941596 21477588 19430406 -4247098 706905 47145742 47424476 3460115 2363983 43685627 45060493 X WALSH PROVIDES A TRANSFORMATIVE BUSINESS AND TECHNOLOGY EDUCATION THAT COMBINES THEORY, APPLICATION, AND PROFESSIONAL EXPERIENCE TO PREPARE GRADUATES FOR SUCCESSFUL CAREERS. false false 9719012 17282667 WALSH PROVIDES A TRANSFORMATIVE BUSINESS AND TECHNOLOGY EDUCATION THAT COMBINES THEORY, APPLICATION, AND PROFESSIONAL EXPERIENCE TO PREPARE GRADUATES FOR SUCCESSFUL CAREERS. PROGRAMS INCLUDE HANDS-ON CURRICULUM DELIVERED IN SMALL CLASS SETTINGS, BOTH ON GROUND AND VIRTUALLY, SYNCHRONOUS AND ASYNCHRONOUS, BY ACADEMIC FACULTY WITH REAL-WORLD EXPERIENCE. MORE THAN 1,000 STUDENTS WERE ENROLLED FOR FY 2024-2025. 3553225 STUDENT SERVICES WALSH PROVIDES STUDENTS A STRONG NETWORK OF SUPPORT INCLUDING ADMISSIONS AND ACADEMIC ADVISING, FINANCIAL AID, VETERAN SERVICES, STUDENT LIFE, ACADEMIC TUTORING, AND CAREER SERVICES. SUPPORT BEGINS WITH ADMISSIONS ADVISORS AT THE FIRST ADMISSIONS INQUIRY AND CONTINUES BEYOND GRADUATION WITH OUR EXTENSIVE RANGE OF CAREER SERVICES. 1339688 1339688 SCHOLARSHIPS A VARIETY OF SCHOLARSHIPS ARE AVAILABLE TO INCOMING UNDERGRADUATE AND GRADUATE STUDENTS AND INCLUDE ACADEMIC AWARDS, COMMUNITY COLLEGE EXCELLENCE AWARDS, AND MULTICULTURAL AWARDS. 1439033 OTHER PROGRAM SERVICES THE WALSH LIBRARY COLLECTION CONSISTS OF APPROXIMATELY 25,000 VOLUMES TOTALLY FOCUSED TO SUPPORT THE BUSINESS PROGRAMS OFFERED AT WALSH. IN ADDITION, THERE ARE OVER 742,000 E-BOOKS AND 123 ONLINE DATABASES. 1439033 16050958 true true false false false false false false false true true true false false true false false true true false true false false false false false false false true true false false false false false false false false false false false false false false false true true true false false true 1600 0 true 219 true true true false false false false false false false false false false false X 7 6 true false false false false false false true true false false false true true true true true true true true false false X SUZANNE SIEGLE 2486988282 3838 LIVERNOIS ROAD TROY MI 48083 DAVID J PETOSKEY TRUSTEE/CHAIR 0.3 0 X X 0 0 0 LOUIS C SCHMIDT JR TRUSTEE/VICE CHAIR 0.3 0.3 X X 0 0 0 SUZANNE SIEGLE PRESIDENT & CEO 37.5 1.0 X X 311498 0 24800 BRIAN PILARSKI TRUSTEE 0.3 0 X 0 0 0 DAVID C LEWIS SR TRUSTEE 0.3 0 X 0 0 0 GERALD SCHAFER TRUSTEE 0.3 0.3 X 0 0 0 MICHAEL J PLOTZKE TRUSTEE 0.3 0 X 0 0 0 MICHELLE ACCIAVATTI TRUSTEE 0.3 0 X 0 0 0 DAVE SCHIPPERS PROVOST & CHIEF OFFICER, ACADEMICS 37.5 1.0 X 274599 0 39956 JACLYN PUMMILL CHIEF OFFICER, PEOPLE OPERATIONS & STRATEGY 37.5 1.0 X 168229 0 23245 JOEY LYNN BIALKOWSKI CHIEF OFFICER, ENROLLMENT, MARKETING, AND STUDENT SUCCESS 37.5 1.0 X 64076 0 4250 TOM PETZ CHIEF OPERATING OFFICER (LEFT 09/2024) 37.5 1.0 X 206961 0 37883 ERIK JOHN VANDYCK VICE PRESIDENT, CORPORATE ENGAGEMENT 37.5 1.0 X 157548 0 36758 CHRISTOPHER MICHAEL HEIDEN ASSOCIATE PROFESSOR INFORMATION TECHNOLOGY 37.5 0 X 230388 0 53361 JOHN A MOORE PROFESSOR FACULTY CHAIR ACCO 37.5 0 X 197803 0 28021 MARIA ANN GISTINGER PROFESSOR ACCOUNTING FACULTY 37.5 0 X 212772 0 35828 MICHAEL A RINKUS PROFESSOR FINANCE FACULTY 37.5 0 X 167415 0 36918 WILLIAM MICHAEL GRESHAK PROFESSOR FINANCE FACULTY 37.5 0 X 162511 0 31636 2153800 0 352656 28 false true false UTEC 111 E WAYNE ST FORT WAYNE IN 46802 TECHNOLOGY SERVICES 793822 BDO USA 3601 C STREET ANCHORAGE AL 99503 STAFFING SERVICES 324759 TONDRO CONSULTING LLC 111 CONGRESS AVENUE SUITE 500 AUSTIN TX 78701 CONSULTING 219711 THE DRALA PROJECT INC 2629 MANHATTAN AVE 307 HERMOSA BEACH CA 90254 CONSULTING 198676 SALESFORCE INC SALESFORCE TOWER 415 MISSION STREET SAN FRANCISCO CA 94105 SOFTWARE 155613 15 1975491 399993 2375484 TUITION AND FEES 611600 17259718 17259718 BOOKSTORE COMISSIONS 611600 22949 22949 0 0 0 0 17282667 349595 26938 322657 0 0 2839085 2709520 129565 0 129565 129565 0 0 0 0 0 20137311 17282667 26938 452222 X 1339688 1339688 895696 125397 770299 7375874 6315540 863853 196481 487153 360493 107174 19486 753749 557774 165825 30150 636650 471121 140063 25466 183663 183663 104762 104762 48563 48563 1952673 1659773 195267 97633 296171 251745 29617 14809 247537 210406 24754 12377 627955 627955 114337 27549 81758 5030 17636 17546 90 1529579 1392834 109671 27074 264562 264562 LIBRARY SERVICES 252525 252525 BAD DEBT EXPENSE 471885 471885 RECRUITING 1052 1052 SPECIAL EVENTS 3497 3497 1825199 1825199 0 0 19430406 15911979 3089921 428506 2271369 1898851 1794392 2477720 22500 7500 360478 281072 0 0 0 0 0 0 0 0 869765 622994 45205487 23165199 23350976 22040288 12771371 13487354 5704891 5411042 0 0 0 0 1197655 47145742 47424476 862202 393281 0 0 1603981 1137603 0 0 0 0 0 0 0 0 0 0 993932 833099 3460115 2363983 X 42395960 43121895 1289667 1938598 43685627 45060493 47145742 47424476 X 706905 639020 28941 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 false true true 1369152 1369152 31631862 12663748 18968114 7483217 6769233 713984 4721256 3732218 989038 22040288 Closely-held equity interests Financial derivatives ALTERNATIVE INVESTMENTS 5411042 F 5411042 Federal Income Taxes ACCRUED PENSION 833099 833099 19417021 639020 28941 667961 18749060 48563 1339688 1388251 20137311 18042155 0 0 18042155 48563 1339688 1388251 19430406 Schedule D, Part X, Line 2 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE MAJORITY OF WALSH'S ENDOWMENTS, WHICH ARE HELD BY THE FOUNDATION, ARE FOR UNDERGRADUATE AND GRADUATE SCHOLARSHIPS. THE REMAINING ENDOWMENTS PROVIDE TUTORING, SUPPORT FOR ACCOUNTING FUNDAMENTALS AND STUDENT GOVERNMENT, AND AN AWARD FOR ACADEMIC EXCELLENCE. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 PENSION INCOME - 28941 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements STUDENT AID RECLASS - 1339688 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT AID RECLASS - 1339688 true true true true true true true false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY WALSH'S NONDISCRIMINATORY POLICY IS ON STUDENT APPLICATIONS, COLLEGE PUBLICATIONS, AND IS POSTED ON THE WEBSITE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT WALSH RECEIVES FEDERAL PELL GRANTS AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, BASED UPON STUDENT ELIGIBILITY, FROM THE FEDERAL DEPARTMENT OF EDUCATION. THE INSTITUTION ALSO RECEIVED GRANTS FROM THE STATE OF MICHIGAN BASED UPON STUDENT ELIGBILITY. THESE FUNDS ARE USED TO ASSIST WITH THEIR COST OF ATTENDANCE. true Central America and the Caribbean 0 0 Investments N/A 1989565 0 0 0 0 0 0 1989565 0 1989565 true false true false true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds N/A - GRANT FUNDS ARE NOT USED OUTSIDE THE UNITED STATES. true SCHOLARSHIPS 410 1339688 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds SCHOLARSHIPS ARE APPLIED DIRECTLY TO INSTITUTIONAL CHARGES. DIRECT COSTS INCURRED TO SUPPORT THE PRIMARY FUNCTIONS OF WALSH COLLEGE ARE SPECIFICALLY IDENTIFIED TO THE BENEFITING ACTIVITY. RESTRICTED FUNDS, INCLUDING FEDERAL AWARDS, ARE RECORDED IN SEPARATE FUNDS AND DIRECT EXPENDITURES OF THESE PROGRAMS ARE RESTRICTED TO THE EXCLUSIVE PURPOSE OF THE AWARD. ALL SPONSORED PROJECTS ARE INCLUDED IN THE DIRECT COST BASE. INDIRECT COSTS ARE ALLOCATED PROPORTIONALLY AS PRESCRIBED IN OMB CIRCULAR A-21. ANY UNDER RECOVERY OF INDIRECT COSTS FROM ANY SPONSORED ACTIVITY IS NOT CHARGED TO ANY OTHER SPONSORED PROJECT EITHER DIRECTLY OR INDIRECTLY. X X X X X false false false false false false false false false SUZANNE SIEGLE PRESIDENT & CEO 311048 0 0 0 450 0 24800 0 0 0 336298 0 0 0 DAVE SCHIPPERS PROVOST & CHIEF OFFICER, ACADEMICS 273750 0 0 0 849 0 16644 0 23312 0 314555 0 0 0 JACLYN PUMMILL CHIEF OFFICER, PEOPLE OPERATIONS & STRATEGY 167993 0 0 0 236 0 13532 0 9713 0 191474 0 0 0 TOM PETZ CHIEF OPERATING OFFICER (LEFT 09/2024) 176687 0 0 0 30274 0 16589 0 21294 0 244844 0 0 0 ERIK JOHN VANDYCK VICE PRESIDENT, CORPORATE ENGAGEMENT 157370 0 0 0 178 0 12800 0 23958 0 194306 0 0 0 JOHN A MOORE PROFESSOR FACULTY CHAIR ACCO 195083 0 0 0 2720 0 15784 0 12237 0 225824 0 0 0 MARIA ANN GISTINGER PROFESSOR ACCOUNTING FACULTY 211775 0 0 0 997 0 16662 0 19166 0 248600 0 0 0 CHRISTOPHER MICHAEL HEIDEN ASSOCIATE PROFESSOR INFORMATION TECHNOLOGY 219258 0 0 0 11130 0 16133 0 37228 0 283749 0 0 0 WILLIAM MICHAEL GRESHAK PROFESSOR FINANCE FACULTY 161387 0 0 0 1124 0 12470 0 19166 0 194147 0 0 0 MICHAEL A RINKUS PROFESSOR FINANCE FACULTY 164372 0 0 0 3043 0 13606 0 23312 0 204333 0 0 0 Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 1,439,033 including grants of $) OTHER PROGRAM SERVICES THE WALSH LIBRARY COLLECTION CONSISTS OF APPROXIMATELY 25,000 VOLUMES TOTALLY FOCUSED TO SUPPORT THE BUSINESS PROGRAMS OFFERED AT WALSH. IN ADDITION, THERE ARE OVER 742,000 E-BOOKS AND 123 ONLINE DATABASES. Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION THE COMPENSATION OF THE TOP MANAGEMENT POSITION IS REVIEWED AND RATIFIED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF WALSH COLLEGE. COMPENSATION IS ESTABLISHED WITHIN THE WRITTEN EMPLOYMENT AGREEMENT AND REVIEWED UNDER THE CADENCE AND TERMS SET FORTH IN THE AGREEMENT. IN LINE WITH INDUSTRY BEST PRACTICE, THE EXECUTIVE COMMITTEE CONSIDERS EXTERNAL BENCHMARKING AND MARKET DATA, TOTAL COMPENSATION CONSTRUCT, AND INTERNAL COMPARATORS PRESENTED BY THE CHIEF OFFICER RESPONSIBLE FOR COMPENSATION, AT REQUEST, TO ENSURE COMPETITIVENESS, GOVERNANCE, AND RISK MANAGEMENT. THIS PROCESS WAS LAST UNDERTAKEN IN 2025. Form 990, Part VI, Line 11b Review of form 990 by governing body THIS FORM IS REVIEWED BY THE CFO AND ALL TRUSTEES OF AUDIT AND RISK MANAGEMENT COMMITTEE. A COPY OF THIS FORM 990 IS POSTED TO AN INTERNAL BOARD SITE SO THAT IS AVAILABLE TO ALL TRUSTEES PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy TRUSTEES, OFFICERS, EXECUTIVE AND SELECTIVE KEY ADMINISTRATORS ARE REQUIRED TO FILE A CONFLICT OF INTEREST STATEMENT ANNUALLY AND EVERY TIME THERE A DECISION UNDER CONSIDERATION IN WHICH SUCH A PERSON MAY HAVE AN INTEREST. IF A CONFLICT IS DISCOVERED, THE PERSON WITH THE CONFLICT WILL REMOVE THEMSELF FROM THE ROOM DURING ANY DISCUSSION AND RESCUSE THEMSELF FROM ANY MOTION, VOTE OR PROPOSAL. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH WRITTEN OR VERBAL REQUESTS. Form 990, Part VII, Section A COLUMN (B): HOURS WORKED FOR RELATED ORGANIZATION THE OFFICERS LISTED ON PART VII OF FORM 990 EACH SPEND 1 HOUR PER WEEK WORKING FOR THE WALSH COLLEGE FOUNDATION, A RELATED ORGANIZATION. Form 990, Part IX, Line 11g Other Fees PROFESSIONAL SERVICES - Total Expense: 1952673, Program Service Expense: 1659773, Management and General Expenses: 195267, Fundraising Expenses: 97633; Form 990, Part XI, Line 9 Other changes in net assets or fund balances PENSION ADJUSTMENT - 28941; Total - 28941; THE WALSH COLLEGE FOUNDATION 3838 LIVERNOIS ROAD TROY MI 48083 200664128 FUNDRAISING MI 501(c)(3) 7 WALSH COLLEGE true false false true false false false false false false false false true true true true true true false false WALSH COLLEGE FOUNDATION C 1975491 CASH