2025-04-15T16:50:12-05:00 2024-05-31 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-06-01 560554207 MARS HILL UNIVERSITY MARS 8286891111 PO BOX 370 MARS HILL NC 28754 DANIEL B WRIGHT VP OF FINANCE & ADMINISTRATION 8286891100 2025-04-15 1 1 MARK WOOLWINE P00647446 5404433606 2025-04-14 2023 2025-03-06 01:10:19Z ANTHONY FLOYD 100 ATHLETIC STREET MARS HILL NC 28754 51632642 0 X WWW.MHU.EDU X 1859 NC THE ORGANIZATION IS A PRIVATE LIBERAL ARTS UNIVESRITY OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK AND FINE ARTS. 32 32 699 16 -16188 0 8231480 4834456 40916162 44846058 2791632 1793368 78824 136741 52018098 51610623 21640386 24829361 0 0 15396098 15307436 0 0 995683 17708339 17532622 54744823 57669419 -2726725 -6058796 163995515 161689351 47885023 47829140 116110492 113860211 X MARS HILL UNIVERSITY, AN ACADEMIC COMMUNITY ROOTED IN THE CHRISTIAN FAITH, CHALLENGES AND EQUIPS STUDENTS TO PURSUE INTELLECTUAL, SPIRITUAL, AND PERSONAL GROWTH THAT IS: GROUNDED IN A RIGOROUS STUDY OF THE LIBERAL ARTS, CONNECTED WITH THE WORLD OF WORK, AND COMMITTED TO CHARCTER DEVELOPMENT, TO SERVICE, AND TO RESPONSIBLE CITIZENSHIP IN THE COMMUMITY, THE REGION, AND THE WORLD. 0 0 42917864 24829361 34293056 INSTRUCTION - PRIVATE LIBERAL ARTS UNIVERSITY OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK, AND FINE ARTS. APPROXIMATELY 1,004 STUDENTS BENEFITED. 1302776 9777411 ACADEMIC SUPPORT - SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF EDUCATION. 2279855 773333 PUBLIC SERVICE - ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES TO GROUPS EXTERNAL TO THE UNIVERSITY. 46500495 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1342 0 1 699 1 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X DANIEL B WRIGHT 8286891100 100 ATHLETIC STREET MARS HILL NC 28754 BRENT TOWNSEND CHAIR 1.00 X 0 0 0 ANNA RENFRO VICE-CHAIR 1.00 X 0 0 0 W WAYNE HIGGINS TREASURER 1.00 X 0 0 0 PAUL POWELL SECRETARY 1.00 X 0 0 0 JOHN S AYERS TRUSTEE 1.00 X 0 0 0 AMANDA BEATTY TRUSTEE 1.00 X 0 0 0 RON BROWN TRUSTEE 1.00 X 0 0 0 MAX BURGIN TRUSTEE 1.00 X 0 0 0 MARK CABANISS TRUSTEE 1.00 X 0 0 0 M KYLE CARVER TRUSTEE 1.00 X 0 0 0 MIKE CRANFORD TRUSTEE 1.00 X 0 0 0 JULIAN CUTHBERTSON TRUSTEE 1.00 X 0 0 0 BRIAN DANFORTH TRUSTEE 1.00 X 0 0 0 WILL DAVIS TRUSTEE 1.00 X 0 0 0 JAMESON DONNELL TRUSTEE 1.00 X 0 0 0 DOUG ECHOLS TRUSTEE 1.00 X 0 0 0 CAROLYN FERGUSON TRUSTEE 1.00 X 0 0 0 MICHAEL V GROCE TRUSTEE 1.00 X 0 0 0 GENE HOLDWAY TRUSTEE 1.00 X 0 0 0 AC HONEYCUTT TRUSTEE 1.00 X 0 0 0 BUD HUGHES TRUSTEE 1.00 X 0 0 0 DON ICENHOWER TRUSTEE 1.00 X 0 0 0 PAULA KAHN TRUSTEE 1.00 X 0 0 0 MIKE KELLY TRUSTEE 1.00 X 0 0 0 AUSTIN LEE TRUSTEE 1.00 X 0 0 0 ERIC MANN TRUSTEE 1.00 X 0 0 0 JEFF MILES TRUSTEE 1.00 X 0 0 0 CHERYL PAPPAS TRUSTEE 1.00 X 0 0 0 JEREMY R PRESSLEY TRUSTEE 1.00 X 0 0 0 KAREN SMITH TRUSTEE 1.00 X 0 0 0 MARILYN TUCKER TRUSTEE 1.00 X 0 0 0 MCKELLE ULM TRUSTEE 1.00 X 0 0 0 TRACY PARKINSON PROVOST & VP FOR ENROLLMEN 43.00 X 165000 0 16405 TONY FLOYD PRESIDENT 43.00 X 280000 0 21611 ROGER SLAGLE VP-FINANCE 43.00 X 150000 0 14325 DAVE ROZEBOOM VP-STUDENT LIFE 43.00 X 123439 0 14004 GRETA BYRD VP-INSTITUTIONAL ADVANCEMENT 43.00 X 127625 0 2347 DANIEL WRIGHT VP-FINANCE 43.00 X 0 0 0 GRAINGER CAUDLE SENIOR DIRECTOR OF PLANNING & STRATEGY 43.00 X 118781 0 14221 964845 0 82913 6 0 1 0 CHARTWELLS PO BOX 417632 BOSTON MA 02241 FOOD SERVICE CONTRACTOR 2572964 JAMES R VANNOY & SONS CONSTRUCTION PO BOX 635 JEFFERSON NC 28640 BUILDING CONTRACTOR 2335051 NATIONAL MANAGEMENT RESOURCES CORPORATIO PO BOX 1224 LAGRANGE GA 30241 FACILITIES CONTRACTOR 1563121 TRI-COUNTY CO INC 404 BANKS CREED ROAD BURNSVILLE NC 28714 BUILDING CONTRACTOR 716279 CREDO LLC 940 GOLF HOUSE ROAD W WHITSETT NC 27377 BUILDING CONTRACTOR 455857 18 432147 980866 3421443 393604 4834456 TUITION AND FEES 611310 34293055 34293055 RESIDENCE HALLS 721310 8390299 8390299 CONFERENCES 611310 962963 962963 OTHER 900099 773333 773333 BOOKSTORE SALES 611710 274161 274161 152247 152247 44846058 809739 -16188 825927 148782 0 148782 148782 148782 985887 0 2258 985887 -2258 983629 -2258 985887 7720 432147 19761 -12041 -12041 51610623 44843800 -16188 1948555 24829361 24829361 969782 293359 676423 11135253 8969446 1567844 597963 451242 451242 1781669 87658 1694011 969490 969490 17220 17220 3049215 807737 2216474 25004 158440 52317 42890 63233 797038 554659 152872 89507 556849 147509 404774 4566 1458922 1339874 119048 854226 725580 93025 35621 1457096 1457096 2685494 2462598 222896 756309 756309 CAFETERIA EXPENSE 2276720 2276720 PROGRAM EXPENSES 1732128 1297711 306413 128004 EQUIP RENTAL & MAINTENA 700248 360698 339200 350 LEASE AND CONTRACT EXPE 696006 521448 123123 51435 336711 316724 19987 57669419 46500495 10173241 995683 17010145 16579228 4041616 2720099 561650 494907 2257806 645791 274782 278747 151460 144601 122476726 51071873 67986058 71404853 3849698 2082586 59403766 58326609 8458534 9011930 163995515 161689351 3983841 3596441 372555 252151 41402801 41596451 2125826 2384097 47885023 47829140 X 32966063 31625772 83144429 82234439 116110492 113860211 163995515 161689351 X -6058796 3211287 597228 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59170846 921105 4361911 3641952 60811910 60595250 896409 889275 3210088 59170846 64627321 789585 -1597987 2913187 310482 60595250 51109007 1687980 15344713 3059736 454643 64627321 51625021 2010078 922819 3437028 11883 51109007 0.04290 0.86980 0.08730 1 0 1779548 1779548 95537227 37531528 58005699 11150654 8427598 2723056 14009297 5112747 8896550 71404853 REAL ESTATE INVESTMENT TRUSTS 2924032 F ALTERNATIVE INVESTMENTS 54924021 F REAL ESTATE 328789 F MONEY MARKET ACCOUNTS 149767 F 58326609 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 857217 BENEFICIAL INTERESTS IN TRUSTS 8154713 9011930 POST RETIREMENT BENEFIT OBLIGATION 426590 ANNUITIES PAYABLE 441928 FINANCE LEASE OBLIGATION 1515579 2384097 X 30552796 3211287 577467 3788754 26764042 17220 24829361 24846581 51610623 32803077 0 32803077 17220 24849122 24866342 57669419 PART V, LINE 4: TO SUPPORT THE INSTITUTION IN PERPETUITY FOR SCHOLARSHIPS, LECTURESHIPS, AND VARIOUS OTHER OPERATIONS AND BUILDINGS ON CAMPUS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVEUNE CODE. THE FEDERAL FORM 990 OF THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -90,000. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATIONS 128,487. FUNDRAISING EXPENSES -19,761. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 558,741. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 24,829,361. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 24,829,361. FUNDRAISING EXPENSES 19,761. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY STATEMENT IS INCLUDED IN ALL UNIVERSITY GENERATED DOCUMENTS INCLUDING THE UNIVERSITY CATALOG. IN ADDITION, IT IS PUBLISHED IN THE LOCAL NEWSPAPER AT LEAST ANNUALLY. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED STUDENT FINANCIAL AID GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 22415751 0 0 0 0 0 0 22415751 0 22415751 0 0 0 0 0 0 DAY FOR MHU 432147 432147 14624 GOLF TOURNAMENT 7720 7720 5137 439867 432147 7720 19761 19761 -12041 1 TUITION DISCOUNTS/SCHOLARSHIPS 994 24829361 PART I, LINE 2: THE PROCESS FOR MONITORING THE USE OF TUITION DISCOUNT OR GRANT/SCHOLARSHIP FUNDS AT MARS HILL UNIVERSITY INCLUDES THE USE OF A MATRIX THAT LIMITS AND DETERMINES THE AMOUNT OF ACADEMIC SCHOLARSHIP AWARDED. THE DEAN OF ADMISSIONS AND FINANCIAL AID AND THE DIRECTOR OF FINANCIAL AID MEET MONTHLY TO REVIEW THE CURRENT AMOUNT OF TUITION DISCOUNT OR GRANTS/SCHOLARSHIPS BEING AWARDED TO ENSURE THAT THE UNIVERSITY STAYS WITHIN BUDGET. TUITION DISCOUNT, GRANT AND SCHOLARSHIP REPORTS ARE SUBMITTED TO THE PRESIDENT ON A REGULAR BASIS. THE BUDGET FOR THESE GRANTS IS APPROVED BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. THE DEAN OF ADMISSIONS AND FINANCIAL AID AND THE DIRECTOR OF FINANCIAL AID MONITOR ALL TUITION DISCOUNT FINANCIAL AID AWARDS PRIOR TO THE AWARD LETTER BEING MAILED. ATHLETIC GRANTS ARE MONITORED BY COACHES AND THE ATHLETIC DIRECTOR WITH STRICT GUIDELINES ESTABLISHED BY THE NCAA. THE ATHLETIC DIRECTOR REPORTS REGULARLY TO THE PRESIDENT OF THE UNIVERSITY THE AMOUNT OF TUITION DISCOUNT ATHLETIC GRANTS AWARDED BY EACH TEAM PER YEAR. X 1 1 X X X 0 0 0 0 0 0 0 0 0 TONY FLOYD PRESIDENT 280000 0 0 0 0 0 13277 0 8334 0 301611 0 0 0 TRACY PARKINSON PROVOST & VP FOR ENROLLMEN 165000 0 0 0 0 0 8250 0 8155 0 181405 0 0 0 ROGER SLAGLE VP-FINANCE 150000 0 0 0 0 0 6875 0 7450 0 164325 0 0 0 X 1 31000 APPRAISAL X 12 361735 AVERAGE HIGH/LOW AT TRAN X MISCELLANEOUS 2 870 DONOR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE OF THE BOARD AND THE FULL BOARD OF TRUSTEES ARE PRESENTED WITH A COPY OF THE 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH NEW OR RETURNING TRUSTEE RECEIVES ORIENTATION WHICH INCLUDES A DISCUSSION REGARDING THE CONFLICT OF INTEREST REQUIREMENT. IN THE EVENT THAT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE BOARD MEMBER WILL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT AND THE TOP MANAGEMENT OFFICIALS. RECOMMENDED CHANGES REQUIRE ACTION AND APPROVAL BY THE FULL BOARD OF TRUSTEES AND DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. SALARIES ARE COMPARED TO OTHER SIMILAR INSITITUIONS AND TO SALARY SURVEYS ISSUED BY THE NC INDEPENDENT COLLEGE/UNIVERSITIES ANNUAL COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH THE PRESIDENT'S OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATIONS 128,487. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -90,000. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 558,741. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.