2023-04-17T07:35:26-05:00 2022-05-31 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2021-06-01 560554207 MARS HILL UNIVERSITY MARS 8286891111 PO BOX 370 MARS HILL NC 28754 ROGER F SLAGLE VP OF FINANCE & ADMINISTRATION 8286891100 2023-03-29 1 ROGER SLAGLE 999009999 MARK WOOLWINE P00647446 5404433606 2023-03-29 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANTHONY FLOYD 100 ATHLETIC STREET MARS HILL NC 28754 63252577 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. 33 33 766 17 376883 375883 11189843 18700382 39926231 41471038 3161231 3021540 140945 56170 54418250 63249130 19974702 21276787 0 0 17122233 14863123 0 0 917668 16861404 17633550 53958339 53773460 459911 9475670 168863107 171154546 52582325 50148810 116280782 121005736 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 39435712 21276787 33003228 INSTRUCTION - PRIVATE LIBERAL ARTS UNIVERSITY OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK, AND FINE ARTS. APPROXIMATELY 1,010 STUDENTS BENEFITED. 1208524 8845162 ACADEMIC SUPPORT - SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF EDUCATION. 2114917 65081 PUBLIC SERVICE - ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES TO GROUPS EXTERNAL TO THE UNIVERSITY. 42759153 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 107 0 1 766 1 1 1 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X ROGER F SLAGLE 8286891100 100 ATHLETIC STREET MARS HILL NC 28754 W WAYNE HIGGINS TRUSTEE 1.00 X 0 0 0 PAUL POWELL TRUSTEE 1.00 X 0 0 0 CHERYL PAPPAS TRUSTEE 1.00 X 0 0 0 JOHN S AYERS TRUSTEE 1.00 X 0 0 0 CAROLE MARTIN TRUSTEE 1.00 X 0 0 0 DOUG BUCHANAN TREASURER 1.00 X X 0 0 0 MARK CABANISS TRUSTEE 1.00 X 0 0 0 MICHAEL V GROCE TRUSTEE 1.00 X 0 0 0 M KYLE CARVER TRUSTEE 1.00 X 0 0 0 DAVID COSTNER TRUSTEE 1.00 X 0 0 0 MICHAEL CRANFORD VICE-CHAIR 1.00 X X 0 0 0 ERIC MANN TRUSTEE 1.00 X 0 0 0 KAREN SMITH SECRETARY 1.00 X X 0 0 0 STEVE FRANCIS TRUSTEE 1.00 X 0 0 0 CAROLYN FERGUSON TRUSTEE 1.00 X 0 0 0 MIKE KELLY CHAIR 1.00 X X 0 0 0 WILL DAVIS TRUSTEE 1.00 X 0 0 0 RUTH PARHAM TRUSTEE 1.00 X 0 0 0 JEREMY R PRESSLEY TRUSTEE 1.00 X 0 0 0 MAGAY SHEPHARD TRUSTEE 1.00 X 0 0 0 BRENT TOWNSEND TRUSTEE 1.00 X 0 0 0 CHARLES TRAMMELL TRUSTEE 1.00 X 0 0 0 JIM WILSON 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 SALLY DUYCK TRUSTEE 1.00 X 0 0 0 GENE HOLDWAY TRUSTEE 1.00 X 0 0 0 AMANDA BEATTY TRUSTEE 1.00 X 0 0 0 BUD HUGHES TRUSTEE 1.00 X 0 0 0 MARILYN TUCKER TRUSTEE 1.00 X 0 0 0 JULIAN CUTHBERTSON TRUSTEE 1.00 X 0 0 0 ANNA RENFRO TRUSTEE 1.00 X 0 0 0 JEFF MILES TRUSTEE 1.00 X 0 0 0 TONY FLOYD PRESIDENT 43.00 X 268948 0 18761 ROGER SLAGLE VP-FINANCE 43.00 X 121042 0 12676 HAROLD G CHRISTMAN VP-INSTITUTIONAL ADVANCEME 43.00 X 123290 0 14413 DAVE ROZEBOOM VP-STUDENT LIFE 43.00 X 108833 0 13371 TRACY PARKINSON PROVOST & VP FOR ENROLLMEN 43.00 X 138458 0 14957 GRAINGER CAUDLE SENIOR DIRECTOR OF PLANNING & STRATEGY 43.00 X 115458 0 14181 876029 0 88359 6 0 1 0 CHARTWELLS PO BOX 417632 BOSTON MA 02241 FOOD SERVICE CONTRACTOR 2286061 NATIONAL MANAGEMENT RESOURCES CORPORATIO PO BOX 1224 LAGRANGE GA 30241 FACILITIES CONTRACTOR 1165545 MBS DIRECT LLC PO BOX 617 COLUMBIA MO 65205 TEXTBOOK DISTRIBUTOR 438594 HVAC BUILDING SOLUTIONS INC 101 3RD STREET BRISTOL TN 37620 BUILDING CONTRACTOR 331965 JAS OF WEAVERVILLE PO BOX 1716 MARS HILL NC 28754 BUILDING CONTRACTOR 317316 13 359583 8894772 9446027 342 18700382 TUITION AND FEES 611310 33003228 33003228 RESIDENCE HALLS 721310 7511087 7511087 CONFERENCES 611310 487584 487584 BOOKSTORE SALES 611710 231608 231608 CAFETERIA INCOME 611710 172450 172450 65081 65081 41471038 44008 376883 -332875 56337 0 56337 56337 56337 2535099 442433 0 0 2535099 442433 2977532 442433 2535099 3280 359583 3447 -167 -167 63249130 41913471 376883 2258394 21276787 21276787 858329 259645 598684 10896223 8776908 1534188 585127 523540 523540 1707539 84011 1623528 877492 877492 2856157 756596 2076141 23420 123252 40698 33364 49190 1665902 1159301 319520 187081 626893 166064 455688 5141 1348501 1238463 110038 516416 438643 56238 21535 1411015 1411015 2588895 2374017 214878 735080 735080 UNRELATED BUSINESS INCO 13486 13486 COVID-19 EXPENSE 2211899 2211899 CAFETERIA EXPENSE 1769903 1769903 BAD DEBT EXPENSE 622386 622386 1143765 795203 302388 46174 53773460 42759153 10096639 917668 10986723 13394344 1076841 3617145 848736 681979 261122 5364306 251774 254255 152086 149813 114517077 45802017 71884236 68715060 3380679 3164367 67641218 64216267 12379692 11597010 168863107 171154546 4754339 5014880 636578 498374 45156517 43183077 2034891 1452479 52582325 50148810 X 29983361 34099335 86297421 86906401 116280782 121005736 168863107 171154546 X 9475670 -4181572 -569144 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64627321 789585 -1597987 2913187 310482 60595250 51109007 1687980 15344713 3059736 454643 64627321 51625021 2010078 922819 3437028 11883 51109007 51356035 5129566 -104582 4755998 51625021 47101787 1595474 4590126 1931352 51356035 0.04630 0.84290 0.11080 1 0 1779548 1779548 94081968 33934879 60147089 9044004 7784209 1259795 9611557 4082929 5528628 68715060 REAL ESTATE INVESTMENT TRUSTS 2276151 F ALTERNATIVE INVESTMENTS 54828037 F REAL ESTATE 348789 F MONEY MARKET ACCOUNTS 6763290 C 64216267 BENEFICIAL INTERESTS IN TRUSTS 10708777 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 888233 11597010 POST RETIREMENT BENEFIT OBLIGATION 627537 ANNUITIES PAYABLE 445508 CAPITAL LEASE OBLIGATION 379434 1452479 37221627 -4181572 -569144 -4750716 41972343 21276787 21276787 63249130 32496673 0 32496673 21276787 21276787 53773460 PART V, LINE 4: TO SUPPORT THE INSTITUTION IN PERPETUITY FOR SCHOLARSHIPS, LECTURESHIPS, AND VARIOUS OTHER OPERATIONS AND BUILDINGS ON CAMPUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -168,067. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATIONS 234,598. FUNDRAISING EXPENSES 167. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -635,842. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 21,276,787. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 21,276,787. 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 22151502 0 0 0 0 0 0 22151502 0 22151502 0 0 0 0 0 0 PART III ACCOUNTING METHOD: DAY FOR MHU 342233 342233 GOLF TOURNAMENT 20630 17350 3280 3447 362863 359583 3280 3447 3447 -167 1 TUITION DISCOUNTS/SCHOLARSHIPS 816 21276787 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 268948 0 0 0 0 0 11095 0 7666 0 287709 0 0 0 TRACY PARKINSON PROVOST & VP FOR ENROLLMEN 138458 0 0 0 0 0 6923 0 8034 0 153415 0 0 0 X 6 124036 AVERAGE HIGH/LOW AT TRAN X EQUIPMENT 1 341 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 234,598. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -168,067. FUNDRAISING EXPENSES 167. CAHNGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -635,842.