2026-04-02T17:58:05-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2024-07-01 383011476 MIDWESTERN HIGHER EDUCATION COMPACT MIDW 6126772777 105 FIFTH AVENUE SOUTH SUITE 450 MINNEAPOLIS MN 55401 SUSAN HEEGAARD PRESIDENT 6126772777 2026-04-01 1 1 EMINA O CRESSWELL P01217304 5097472600 2026-04-01 2024 2025-03-06 01:10:19Z SUSAN HEEGAARD 105 FIFTH AVENUE SOUTH SUITE 450 MINNEAPOLIS MN 55401 11146961 0 X WWW.MHEC.ORG X 1991 MN MHEC BRINGS TOGETHER MIDWESTERN STATES TO DEVELOP AND SUPPORT BEST PRACTICES, COLLABORATION EFFORTS, AND COST-SHARING OPPORTUNITIES. THROUGH THESE EFFORTS IT WORKS TO ENSURE STRONG, EQUITABLE POSTSECONDARY EDUCATIONAL OPPORTUNITIES AND OUTCOMES FOR ALL. 52 52 20 68 0 0 1704675 1560523 7869553 9071172 355135 515021 85 245 9929448 11146961 0 0 0 0 2442744 2805089 0 0 3274 2033116 4446735 4475860 7251824 5453588 3895137 18184607 21719259 2702736 2342251 15481871 19377008 X MHEC MEMBERS COLLABORATE TO ADDRESS THE REGION'S MOST PRESSING CHALLENGES IN HIGHER EDUCATION AND TRANSFORM EDUCATIONAL OPPORTUNITIES SO THAT PEOPLE AND COMMUNITIES THRIVE. 0 0 1952188 7854310 CONTRACTS: MHEC CONTRACTS LEVERAGE THE POTENTIAL VOLUME OF THE REGION'S PURCHASING POWER, WHILE SAVING ENTITIES TIME AND MONEY BY SIMPLIFYING THE PROCUREMENT PROCESS AND NEGATING THE NEED TO CONDUCT A COMPETITIVE SOURCING EVENT. BY OFFERING A TURNKEY SOLUTION WITH THE ABILITY TO TAILOR THE ALREADY NEGOTIATED CONTRACT TO MATCH THE ENTITY'S SPECIFIC NEEDS AND REQUIREMENTS, MHEC CONTRACTS SHIFT SOME OF THE NEGOTIATING POWER BACK TO THE PROCURING ENTITIES. IN ADDITION TO CONTRACTS AVAILABLE THROUGH MHECARE STUDENT HEALTH SOLUTIONS, MHEC OFFERS NUMEROUS CONTRACTS IN TECHNOLOGY. THE CONTRACTS ARE A PRODUCT OF A REPRESENTATIVE GROUP OF STAKEHOLDERS FROM THE HIGHER EDUCATION TECHNOLOGY COMMUNITY CONDUCTING A COMPETITIVE SOURCING PROCESS THAT LEVERAGES THE POTENTIAL PURCHASING POWER OF THE 12 MHEC MEMBER STATES. TECHNOLOGY CONTRACTS SAVED ENTITIES IN THE MHEC REGION $32.2 MILLION IN FISCAL YEAR 2025. IN SOME CASES, THE COMPACT'S COST SAVINGS INITIATIVES MAY BE UTILIZED BY CITY, COUNTY, AND STATE GOVERNMENT AS WELL AS NONPROFIT ORGANIZATIONS. 1542701 1217107 PROGRAMS:ADDITIONAL MHEC PROGRAMS ARE INITIATED IN RESPONSE TO IDENTIFIED NEEDS IN ONE OR MORE OF THE MEMBER STATES. BRINGING TOGETHER EXPERTISE FROM ACROSS THE REGION, MHEC IDENTIFIES ACTIVITIES NEEDED TO ADDRESS THE IDENTIFIED NEEDS. THOSE PROBLEMS BEST SOLVED THROUGH ONGOING INTERSTATE COOPERATION ARE THEN DEVELOPED INTO MHEC PROGRAMS. EACH MHEC PROGRAM PROVIDES THE PROGRAM PARTICIPANTS WITH GOVERNANCE AND LEADERSHIP STRUCTURES TO GUIDE AND MAINTAIN PROGRAMMATIC OUTCOMES.MHECARE HEALTH INSURANCE SOLUTIONS:COMPREHENSIVE HEALTH INSURANCE SOLUTIONS CREATED IN RESPONSE TO BOTH INCREASING COST AND CONCERN FOR STUDENT HEALTH. 35 CAMPUSES OFFERED MHECARE HEALTH INSURANCE SOLUTIONS IN FISCAL YEAR 2025. 1323081 RESEARCH:MHEC RESEARCH INFORMS INSTITUTIONAL AND STATE EFFORTS IN IMPROVING POSTSECONDARY POLICIES, PRACTICES, AND OUTCOMES IN SEVERAL WAYS: (A) MAINTAINING A NATIONAL REPOSITORY OF EXPERTISE, KNOWLEDGE AND BEST PRACTICES FOR GUIDING POLICY AND PRACTICE; (B) CONDUCTING APPLIED RESEARCH AND ANALYSIS ON CRITICAL TOPICS IN HIGHER EDUCATION; (C) DEVELOPING INNOVATIVE APPROACHES TO IMPROVE EDUCATIONAL OPPORTUNITY AND EFFECTIVENESS; AND (D) PROVIDING PUBLIC OUTREACH AND SERVICE TO INSTITUTIONS AND GOVERNMENTS. AMONG ITS CORE OUTPUTS, MHEC RESEARCH MAINTAINS AN ONLINE DASHBOARD OF EDUCATIONAL PERFORMANCE INDICATORS AND PRODUCES TIMELY BRIEFS, REPORTS, AND TECHNICAL PAPERS IN THE MOST CRITICAL AREAS FOR FACILITATING PROGRESS TOWARDS STATE EDUCATIONAL ATTAINMENT GOALS, INCLUDING COLLEGE READINESS AND SUCCESS; AFFORDABILITY AND FINANCE; PATHWAYS, CREDENTIALS, AND WORKFORCE DEVELOPMENT; AND DATA, TRENDS, AND PERFORMANCE AS WELL AS OTHER TOPICS OF IMPORTANCE TO MIDWESTERN STATES. 37 REPORTS WERE PRODUCED IN FISCAL YEAR 2025.CONCURRENT ENROLLMENT:MHEC CONTINUED EXPANSION OF THE GRADUATE CREDIT QUEST, A WEB-BASED PLATFORM FOR TEACHERS TO SEARCH FOR GRADUATE COURSE WORK WITHIN THEIR CONTENT AREAS THAT LEAD TO REQUIRED CREDENTIALING FOR TEACHING DUAL OR CONCURRENT CREDIT CLASSES. THE PLATFORM PROVIDES INFORMATION ABOUT DUAL CREDIT AND CONCURRENT ENROLLMENT POLICIES AND PRACTICES FOR ALL 12 MHEC MEMBER STATES. IT ALSO SERVES AS A REPOSITORY OF RESEARCH PUBLICATIONS, PROFESSIONAL PAPERS AND MEDIA RELEASES ON THE SUBJECT OF DUAL/CONCURRENT CREDIT. THE PLATFORM WAS ENHANCED IN 2024 WITH ENHANCED GOOGLE ANALYTICS THAT ALLOWS TRACKING OF USER TYPES BY VOLUME AND FREQUENCY OR SEASONALITY OF VISITS AND THE CREATION OF SITE CONTENT AREA PREFERENCES. NOW THE PLATFORM ENABLES OVER 41 REGIONAL GRADUATE SCHOOLS TO BUILD AWARENESS AMONG TEACHERS ABOUT ROUGHLY 1,880 UNIQUE COURSE OFFERINGS, WITHIN MULTIPLE ACADEMIC DISCIPLINES, AND PROVIDING ACCESS TO SPECIFIC ENROLLMENT PROCESSES, DELIVERY MODALITIES, AND MORE. CONCURRENT ENROLLMENT IS A RESEARCH PRIORITY FOR MHEC DURING ITS CURRENT STRATEGIC PLAN. IN FISCAL YEAR 2025 MHEC WILL PRODUCE BETWEEN THREE AND FOUR RESEARCH REPORTS PERTAINING TO CONCURRENT ENROLLMENT ISSUES: TRENDS AND PATTERNS IN STATE LEVEL DATA COLLECTION, USE OF OPEN EDUCATIONAL RESOURCES IN DUAL AND CONCURRENT ENROLLMENT SETTINGS, AN UPDATED VERSION OF THE 2017 MHEC RESEARCH REPORT SUMMARIZING EXISTING RESEARCH ON OPTIMAL LEVELS OF TEACHER TRAINING AND PREPARATION, AND AN UPDATED VERSION OF THE 2019 RESEARCH REPORT SUMMARIZING HOW STATES AND ACCREDITORS DEFINE THE QUALIFICATIONS NECESSARY FOR HIGH SCHOOL TEACHERS TO TEACH CONCURRENT ENROLLMENT COURSES.MIDWEST STUDENT EXCHANGE PROGRAM:A MULTI-STATE TUITION RECIPROCITY PROGRAM THAT MAKES ATTENDING OUT-OF-STATE COLLEGES AND UNIVERSITIES MORE AFFORDABLE FOR NON-RESIDENT STUDENTS.- 818 STUDENTS ENROLLED IN THE MIDWEST STUDENT EXCHANGE PROGRAM IN 8 OF THE COMPACT STATES (INDIANA, KANSAS, MINNESOTA, MISSOURI, NEBRASKA, NORTH DAKOTA, OHIO, AND WISCONSIN) DURING FISCAL YEAR 2025.- MSEP STUDENTS SAVED OVER $29 MILLION IN FY25, BRINGING THE TOTAL PROGRAM SAVINGS TO $920 MILLION SINCE 1994.- ON AVERAGE, STUDENTS IN MSEP TYPICALLY REALIZE SAVINGS BETWEEN $1,100 AND $7,200 ANNUALLY.MIDWESTERN STATE AUTHORIZATION RECIPROCITY AGREEMENT:THE NATIONAL COUNCIL FOR STATE AUTHORIZATION RECIPROCITY AGREEMENTS (NC-SARA) IN PARTNERSHIP WITH THE FOUR REGIONAL COMPACTS COORDINATES, THE STATE AUTHORIZATION RECIPROCITY AGREEMENTS (SARA) PROGRAM WHICH PROVIDES A VOLUNTARY, STREAMLINED PROCESS FOR STATES TO OVERSEE POST-SECONDARY DISTANCE EDUCATION, ENSURING UNIFORM STANDARDS ACROSS PARTICIPATING STATES. INSTITUTIONS PAY A PARTICIPATION FEE, WHICH SIMPLIFIES THEIR ABILITY TO OFFER ONLINE PROGRAMS WITHOUT REGISTERING IN EVERY STATE WHERE THEIR STUDENTS RESIDE. SARA ENHANCES QUALITY ASSURANCE, CONSUMER PROTECTIONS, AND THE VALUE OF CREDITS FOR DISTANCE EDUCATION. CURRENTLY, 49 STATES, THE DISTRICT OF COLUMBIA, PUERTO RICO, AND THE U.S. VIRGIN ISLANDS ARE MEMBERS OF SARA. WITHIN SARA, 2,412 INSTITUTIONS PARTICIPATE, OF WHICH 652 (320 PRIVATE NON-PROFIT, 295 PUBLIC, 32 PRIVATE FOR-PROFIT, AND 5 TRIBAL) INSTITUTIONS ARE IN MHEC STATES. M-SARA (MIDWESTERN-STATE AUTHORIZATION RECIPROCITY AGREEMENT) STAFFED BY MHEC, LEADS THE WORK IN THE MIDWEST. M-SARA HOSTS ITS OWN SET OF ANNUAL MEETINGS FOR THE M-SARA REGIONAL STEERING COMMITTEE (RSC) MEMBERS AND MSARA STATE PORTAL ENTITIES (SPES), THE INDIVIDUALS IN EACH STATE WHO REVIEW AND APPROVE INSTITUTIONS FOR SARA PARTICIPATION AND MONITOR INSTITUTIONAL COMPLIANCE. M-SARA SAVED INSTITUTIONS AN ESTIMATED $112,293,885 IN FISCAL YEAR 2025. 1141372 CONVENING:MHEC EMPOWERS THE MEMBER STATES TO CONNECT FOR THE PURPOSE OF EXCHANGING EXPERTISE, SHARING IDEAS AND EXPERIENCES, AND COLLABORATIVELY PURSUING EFFORTS THAT HELP FURTHER HIGHER EDUCATION. THIS CONVENING AND COLLABORATING LEADS TO MANY PROGRAMS AND ACTIVITIES THAT PRODUCE A VARIETY OF OUTCOMES AND RESULTS RANGING FROM THE DISSEMINATION OF KNOWLEDGE AND EXPERTISE ABOUT PRACTICAL SOLUTIONS, TO LEVERAGING THE COLLECTIVE PURCHASING POWER OF THE REGION TO ACHIEVE EFFICIENCIES AND SAVINGS. 1141372 5959342 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 12 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 52 52 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 0 0 MN X SUSAN HEEGAARD 6126772761 105 FIFTH AVENUE SOUTH SUITE 450 MINNEAPOLIS MN 55401 SUSAN HEEGAARD PRESIDENT 40.00 X 293651 0 63134 ROBERT TREMBACH CHIEF OPERATING OFFICER 40.00 X 176548 0 62717 JENNIFER PARKS VICE PRESIDENT (THRU 05/25) 40.00 X 154199 0 63998 BREANNE HEGG VICE PRESIDENT 40.00 X 144764 0 46644 MARY ROBERSON SENIOR DIRECTOR 40.00 X 113150 0 39879 AARON HORN ASSOCIATE VICE PRESIDENT 40.00 X 116126 0 24179 NATHAN SORENSEN SENIOR DIRECTOR 40.00 X 108601 0 26297 KATIE STUART BOARD CHAIR 3.00 X X 0 0 0 TIM MIHALICK BOARD VICE CHAIR 3.00 X X 0 0 0 JACOB BOSSMAN BOARD TREASURER 3.00 X X 0 0 0 MIKE DUFFEY PAST BOARD CHAIR 3.00 X X 0 0 0 TIM FLAKOLL EX OFFICIO 3.00 X 0 0 0 SPENCER DEERY EXECUTIVE COMMISSIONER 2.00 X 0 0 0 DOTTIE KING EXECUTIVE COMMISSIONER 2.00 X 0 0 0 GRETA ROUSE EXECUTIVE COMMISSIONER 2.00 X 0 0 0 BRANDY JOHNSON EXECUTIVE COMMISSIONER 2.00 X 0 0 0 DENNIS OLSON EXECUTIVE COMMISSIONER 2.00 X 0 0 0 SCOTT OLSON EXECUTIVE COMMISSIONER 2.00 X 0 0 0 BLAKE FLANDERS EXECUTIVE COMMISSIONER 2.00 X 0 0 0 GREG MARKKANEN EXECUTIVE COMMISSIONER 2.00 X 0 0 0 SAMANTHA DICKEY EXECUTIVE COMMISSIONER 2.00 X 0 0 0 JOHN CAVANAUGH EXECUTIVE COMMISSIONER 2.00 X 0 0 0 DEBORAH FRISON EXECUTIVE COMMISSIONER 2.00 X 0 0 0 BRANDY PYLE EXECUTIVE COMMISSIONER 2.00 X 0 0 0 JERRY CIRINO EXECUTIVE COMMISSIONER 2.00 X 0 0 0 LARRY TIDEMANN EXECUTIVE COMMISSIONER 2.00 X 0 0 0 ERIC FULCOMER EXECUTIVE COMMISSIONER 2.00 X 0 0 0 DAVID MURPHY EXECUTIVE COMMISSIONER 2.00 X 0 0 0 OLIVIA MA MADISON EXECUTIVE COMMISSIONER 2.00 X 0 0 0 DAVID PEARCE EXECUTIVE COMMISSIONER 2.00 X 0 0 0 PRANAV KOTHARI COMMISSIONER 1.00 X 0 0 0 BOB BEHNING COMMISSIONER 1.00 X 0 0 0 MATT BUTLER COMMISSIONER 1.00 X 0 0 0 TIMOTHY FITZGIBBON COMMISSIONER 1.00 X 0 0 0 CINDY WINCKLER COMMISSIONER 1.00 X 0 0 0 JESSE GREEN COMMISSIONER 1.00 X 0 0 0 AARON OTTO COMMISSIONER 1.00 X 0 0 0 DANIEL HURLEY COMMISSIONER 1.00 X 0 0 0 SEAN MCCANN COMMISSIONER 1.00 X 0 0 0 EMMY YOUNG COMMISSIONER 1.00 X 0 0 0 OMAR FATEH COMMISSIONER 1.00 X 0 0 0 MONICA KURTH COMMISSIONER 1.00 X 0 0 0 SUSAN THOMPSON COMMISSIONER 1.00 X 0 0 0 CURTIS TRENT COMMISSIONER 1.00 X 0 0 0 GRANT LATIMER COMMISSIONER 1.00 X 0 0 0 JEFF TAYLOR COMMISSIONER 1.00 X 0 0 0 GARY CATES COMMISSIONER 1.00 X 0 0 0 KYLE DAVISON COMMISSIONER 1.00 X 0 0 0 TOM YOUNG COMMISSIONER 1.00 X 0 0 0 NATHAN LUKKES COMMISSIONER 1.00 X 0 0 0 JESSICA HANSON COMMISSIONER 1.00 X 0 0 0 JULIE UNDERWOOD COMMISSIONER 1.00 X 0 0 0 RAJ SINGH COMMISSIONER 1.00 X 0 0 0 CHRIS BROWN COMMISSIONER 1.00 X 0 0 0 MATTHEW BLOMSTEDT COMMISSIONER 1.00 X 0 0 0 JANA HUGHES COMMISSIONER 1.00 X 0 0 0 BRENT SANFORD COMMISSIONER 1.00 X 0 0 0 C TODD JONES COMMISSIONER 1.00 X 0 0 0 ANDRE JACQUE COMMISSIONER 1.00 X 0 0 0 MAUREEN BANKS EXECUTIVE COMMISSIONER (THRU 6/25) 2.00 X 0 0 0 MICHAEL HALPIN COMMISSIONER (THRU 1/25) 1.00 X 0 0 0 RONALD ROCHON COMMISSIONER (THRU 7/24) 1.00 X 0 0 0 MOLLY BAUMGARDNER COMMISSIONER (THRU 1/25) 1.00 X 0 0 0 MINT WINTER COMMISSIONER (THRU 6/25) 1.00 X 0 0 0 RACHEL CROSON COMMISSIONER (THRU 1/25) 1.00 X 0 0 0 GENE PELOWSKI JR COMMISSIONER (THRU 1/25) 1.00 X 0 0 0 CHRIS KABOUREK COMMISSIONER (THRU 10/24) 1.00 X 0 0 0 LYNNE WALZ COMMISSIONER (THRU 1/25) 1.00 X 0 0 0 JACK HERSHEY COMMISSIONER (THRU 1/25) 1.00 X 0 0 0 STEVE KOLBECK COMMISSIONER (THRU 12/24) 1.00 X 0 0 0 TYLER TORDSEN COMMISSIONER (THRU 12/24) 1.00 X 0 0 0 JOAN BALLWAG COMMISSIONER (THRU 1/25) 1.00 X 0 0 0 MARK HAGEROTT COMMISSIONER (THRU 4/25) 1.00 X 0 0 0 MICHAEL CARTNEY COMMISSIONER (THRU 12/24) 1.00 X 0 0 0 TAMMIE DEVOOGHT COMMISSIONER (THRU 7/25) 1.00 X 0 0 0 CAROL GLANVILLE COMMISSIONER (THRU 12/24) 1.00 X 0 0 0 BRAD CHRIST COMMISSIONER (THRU 7/24) 1.00 X 0 0 0 KEN SAUER COMMISSIONER (THRU 1/25) 1.00 X 0 0 0 1107039 0 326848 8 0 1 0 CLIFTON LARSON ALLEN 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 ACCOUNTING 203665 1 1380000 180523 1560523 TECHNOLOGY CONTRACTS 900099 7854310 7854310 SERVICE FEES 900099 1216862 1216862 9071172 515021 515021 OTHER INCOME 900099 245 245 245 11146961 9071417 0 515021 610404 472415 134336 3653 1535312 1187730 347582 189261 146467 42794 326242 253016 73048 178 143870 111347 32355 168 64081 800 63281 249619 249619 684617 621616 63001 119697 86630 33067 690685 550787 139898 111505 85860 25645 686426 657765 28661 2337 2337 1598747 1598747 31229 24046 7183 31224 24042 7182 AMORTIZATION 65658 48918 16740 HONORARIA & LECTURE FEE 51900 51900 SUBSCRIPTIONS 44381 25550 18831 PROMOTIONS 7006 3184 3822 7623 6185 2163 -725 7251824 5959342 1289208 3274 458857 1116045 13951247 17038876 3477441 3297234 81223 128116 762837 691023 94420 71814 121419 67174 18184607 21719259 2469197 2114417 55204 131375 178335 96459 2702736 2342251 X 15461798 19334479 20073 42529 15481871 19377008 18184607 21719259 3895137 0 X 0 1 X 0 0 X 2910400 2061574 1583929 1704675 1560523 9821101 2910400 2061574 1583929 1704675 1560523 9821101 2431976 7389125 16713 5771 24611 355135 515021 917251 4404 85 245 4734 10743086 29349229 0.68780 0.69150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 4,404. 2023 AMOUNT: $ 85. 2024 AMOUNT: $ 245. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 375877 328734 47143 386960 362289 24671 71814 LEASE LIABILITIES 96459 96459 X 9548214 0 9548214 1598747 1598747 11146961 5653077 0 5653077 1598747 1598747 7251824 PART X, LINE 2: THE COMPACT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) AND IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE COMPACT IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE COMPACT IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE COMPACT HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990T) WITH THE IRS. THE COMPACT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COMPACT WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 4B - OTHER ADJUSTMENTS: PAYMENTS TO AFFILIATES 1,598,747. PART XII, LINE 4B - OTHER ADJUSTMENTS: PAYMENTS TO AFFILIATES 1,598,747. 1 X X 0 0 0 0 0 0 0 1 0 SUSAN HEEGAARD PRESIDENT 278147 0 10000 0 5504 0 35911 0 27223 0 356785 0 0 0 ROBERT TREMBACH CHIEF OPERATING OFFICER 175535 0 0 0 1013 0 23778 0 38939 0 239265 0 0 0 JENNIFER PARKS VICE PRESIDENT (THRU 05/25) 148662 0 5000 0 537 0 20510 0 43488 0 218197 0 0 0 BREANNE HEGG VICE PRESIDENT 144604 0 0 0 160 0 17448 0 29196 0 191408 0 0 0 MARY ROBERSON SENIOR DIRECTOR 112970 0 0 0 180 0 15366 0 24513 0 153029 0 0 0 PART I, LINE 7 BONUSES ARE SUGGESTED BY THE PRESIDENT AND SUBSEQUENTLY APPROVED BY THE FINANCE AND AUDIT COMMITTEES AND THE EXECUTIVE OFFICERS. FORM 990, PART VI, SECTION A, LINE 6 COMPACT MEMBERS: THE MEMBERS OF THE COMPACT ARE THE 12 MIDWESTERN STATES IDENTIFIED IN THE COMPACT STATUTE: ILLINOIS, INDIANA, IOWA, KANSAS, MICHIGAN, MINNESOTA, MISSOURI, NEBRASKA, NORTH DAKOTA, OHIO, SOUTH DAKOTA, AND WISCONSIN. TO BECOME A MEMBER, THE STATES MUST ENACT THE COMPACT STATUTE. ONCE ENACTED, THE APPOINTING AUTHORITIES IN EACH OF THE COMPACTING STATES SHALL FORWARD THE NAMES OF THEIR APPOINTEES TO THE COMPACT STAFF. THE COMPACT STAFF SHALL PROMPTLY ADVISE THE APPROPRIATE APPOINTING AUTHORITIES OF THE NEED TO APPOINT NEW COMMISSION MEMBERS UPON THE EXPIRATION OF DESIGNATED TERMS. AFFILIATE MEMBERS: STATES NOT ELIGIBLE TO BECOME A PARTY TO THE COMPACT AND/OR CANADIAN PROVINCES MAY BECOME AFFILIATE MEMBERS WHEN MUTUAL INTERESTS EXIST AND WHEN IT WOULD BENEFIT THE COMPACT TO ENTER INTO SUCH ARRANGEMENTS. ASSOCIATE MEMBERS: ENTITIES NOT ELIGIBLE TO BECOME MEMBERS OF THE COMPACT MAY BE AFFORDED STATUS AS ASSOCIATES OF THE COMMISSION IN ACCORDANCE WITH THE POLICIES AND PROCEDURES APPROVED BY THE COMMISSION. FORM 990, PART VI, SECTION A, LINE 7A EACH COMPACT MEMBER MAY APPOINT FIVE RESIDENT MEMBERS OF EACH STATE TO THE COMMISSION AS FOLLOWS: THE GOVERNOR OR THE GOVERNOR'S DESIGNEE WHO SHALL SERVE DURING THE TENURE OF OFFICE OF THE GOVERNOR; TWO LEGISLATORS, ONE FROM EACH HOUSE (EXCEPT NEBRASKA, WHICH MAY APPOINT TWO LEGISLATORS FROM ITS UNICAMERAL LEGISLATURE), APPOINTED BY THE APPROPRIATE APPOINTING AUTHORITY IN EACH HOUSE OF THE LEGISLATURE; AND TWO OTHER AT-LARGE MEMBERS, AT LEAST ONE OF WHOM SHALL BE SELECTED FROM THE FIELD OF HIGHER EDUCATION. THE AT-LARGE MEMBERS SHALL BE APPOINTED IN A MANNER PROVIDED BY THE LAWS OF THE APPOINTING STATE. ALL VACANCIES SHALL BE FILLED IN ACCORDANCE WITH THE LAWS OF THE APPOINTED STATES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT RETURN IS REVIEWED BY THE PRESIDENT, CHIEF OPERATING OFFICER, CONTRACT CHIEF FINANCIAL OFFICER AND DIRECTOR OF FINANCE AND ADMINISTRATION. THE DRAFT IS THEN FORWARDED TO A FINANCE AND AUDIT COMMITTEE FOR THEIR REVIEW. ONCE APPROVED IT IS THEN FORWARDED TO THE ORGANIZATION'S OFFICERS FOR THEIR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE GOVERNING BOARD AND OFFICERS. ANNUAL STATEMENTS ARE REVIEWED BY THE DIRECTOR OF COMMUNICATIONS AND MARKETING. IF A CONFLICT WAS KNOWN, THAT INDIVIDUAL WOULD BE REQUIRED TO REFRAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE PRESIDENT IS RECOMMENDED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE USES COMPARABILITY DATA FOR SIMILAR ORGANIZATIONS. THE FINAL DETERMINATION AND DISCUSSION IS DOCUMENTED IN THE MINUTES AT THE FULL BOARD MEETING IN JUNE. THIS PROCESS IS DONE ON AN ANNUAL BASIS. COMPENSATION FOR OTHER OFFICERS IS DETERMINED BY THE PRESIDENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE CURRENTLY AVAILABLE ON THE COMPACT'S WEBSITE. FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 1A: THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE EXECUTIVE COMMITTEE IS MADE UP OF COMMISSIONERS CHOSEN BY THE BOARD OF COMMISSIONERS. TWO EXECUTIVE BOARD MEMBERS ARE CHOSEN FROM EACH STATE GIVING THE STATES EQUAL REPRESENTATION AND EQUAL AUTHORITY AND VOTES. STONE ARCH INSURANCE COMPANY CO MARSH MANAGEMENT SERVICES INC 463 MOUNTAIN VIEW DRIVE SUITE 300 COLCHESTER VT 05446 871115817 INSURANCE VT MIDWESTERN HIGHER EDUCATION COMPACT C 350634 10263009 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0