2023-05-08T11:43:06-05:00 2022-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2021-07-01 340737794 MALONE UNIVERSITY % KATIE ROBBINS CFO MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 KATIE ROBBINS VP FINANCE/BUSINESS 3304718100 2023-05-15 true KATIE ROBBINS 999009999 Anne E White P01708202 2604604000 2 2021 2023-04-26 12:10:37Z GREG MILLER 2600 CLEVELAND AVE NW CANTON OH 44709 45645930 false X WWW.MALONE.EDU X 1899 OH THE UNIVERSITY IS COMMITTED TO INTELLECTUAL ENRICHMENT IN THE CONTEXT OF CHRISTIAN FAITH THAT PRODUCES GRADUATES WITH A LOVE OF TRUTH AND MATURE FAITH. 32 26 724 26 0 0 7616291 6090137 36784950 36129432 436221 813497 57381 54995 44894843 43088061 16601376 16645262 0 0 14615783 14782096 0 0 1001584 11955107 12841768 43172266 44269126 1722577 -1181065 68667237 64268407 19252096 19346543 49415141 44921864 X THE MISSION OF MALONE UNIVERSITY IS TO PROVIDE STUDENTS WITH AN EDUCATION BASED ON BIBLICAL FAITH IN ORDER TO DEVELOP MEN AND WOMEN IN INTELLECTUAL MATURITY, WISDOM, AND CHRISTIAN FAITH WHO ARE COMMITTED TO SERVING THE CHURCH, COMMUNITY, AND THE WORLD. false false 28344059 16248640 32627011 TRADITIONAL UNDERGRADUATE - MALONE'S CHRISTIAN LIBERAL ARTS APPROACH IS WIDELY RECOGNIZED TODAY AS PRODUCING EXCEPTIONAL GRADUATES PREPARED FOR ALL ASPECTS OF LIFE. OUR INTENT IS THAT STUDENTS ATTAIN THE WISDOM, KNOWLEDGE, AND SKILLS NECESSARY TO SERVE, ENGAGE, AND TRANSFORM THE COMMUNITIES IN WHICH THEY LIVE AND WORK. UNDERGRADUATE EDUCATIONAL GOALS ARE: (1) UNDERSTAND AND CRITICALLY ENGAGE THOSE BODIES OF KNOWLEDGE AND CULTURAL INFLUENCES THAT HAVE SHAPED THE WORLD; (2) UNDERSTAND THE BIBLICAL, HISTORICAL, AND THEOLOGICAL FOUNDATIONS OF THE CHRISTIAN FAITH; (3) THINK CRITICALLY AND CREATIVELY AND COMMUNICATE EFFECTIVELY IN MULTIPLE CONTEXTS; (4) ATTAIN EXPERTISE IN AT LEAST ONE PROFESSION OR ACADEMIC DISCIPLINE AND LAY THE FOUNDATION FOR MEANINGFUL WORK OR FURTHER STUDIES AT THE GRADUATE LEVEL; AND (5) EXPLORE THE IMPLICATION OF THE CHRISTIAN FAITH FOR ALL AREAS OF LIVING, INCLUDING INTELLECTUAL, SPIRITUAL, AND COMMUNITY PURSUITS. THE UNIVERSITY IS COMPRISED OF ONE COLLEGE AND THREE SCHOOLS, OFFERING 50 UNDERGRADUATE MAJORS, 41 MINORS, AND 8 PRE-PROFESSIONAL PROGRAMS. FALL 2021 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 811.3, WITH A STUDENT TO FACULTY RATIO OF 11.8 TO 1. RESIDENT HEADCOUNT WAS 521 AND COMMUTER HEADCOUNT WAS 513. 2056213 30322 112720 NON-TRADITIONAL UNDERGRADUATE: MALONE UNIVERSITY OFFERS A DEGREE COMPLETION OPTION TO ADULT LEARNERS WITH PRIOR UNDERGRADUATE COURSEWORK: MGMT (MALONE MANAGEMENT PROGRAM). STUDENTS ARE ABLE TO COMPLETE THEIR DEGREES IN AS LITTLE AS 12 MONTHS. THE ACCELERATED BACHELORS IN ORGANIZATIONAL MANAGEMENT PREPARES FOR ACTIVE LEADERSHIP ROLES IN CORPORATE, GOVERNMENT AND NON-PROFIT ENVIRONMENTS. FALL 2021 MGMT FTE ENROLLMENT WAS 16.97; HEADCOUNT WAS 37. MALONE UNIVERSITY OFFERS A NON DEGREE 18 MONTH CERTIFICATE PROGRAM IN PRACTICAL MINISTRY FOR THOSE WHO WISH TO BE EQUIPPED FOR PRACTICAL AND RELEVANT MINISTRY. FALL 2021 HEADCOUNT WAS 11. FALL 2019 MGMT FTE ENROLLMENT WAS 39.3; HEADCOUNT WAS 62. BSNDC - REGISTERED NURSES WITH A NURSING DIPLOMA OR ASSOCIATE DEGREE CAN EARN THEIR BSN DEGREE. MALONE NURSING DEGREES ARE ESTEEMED FOR PROVIDING THE KNOWLEDGE, SKILLS AND COMPASSION NEEDED TO DELIVER EXCEPTIONAL CARE AND INSPIRED LEADERSHIP. FALL 2019 BSNDC FTE ENROLLMENT WAS 18.9; HEADCOUNT WAS 27. 6465075 366300 3444696 GRADUATE STUDIES - MALONE UNIVERSITY HAS DEVELOPED GRADUATE PROGRAM AND WORKSHOPS TO MEET THE NEEDS OF PROFESSIONALS DESIRING TO ADVANCE THEIR KNOWLEDGE AND SKILLS IN A FAITH-BASED ENVIRONMENT. THE FOLLOWING AREAS OF STUDY ARE OFFERED: BUSINESS ADMINISTRATION (MBA), SCHOOL COUNSELING (MAED), NURSING (MSN), CLINICAL MENTAL HEALTH COUNSELING (MAED), AND ORGANIZATIONAL LEADERSHIP (MAOL). FALL 2021 GRADUATE FTE ENROLLMENT WAS 207; HEADCOUNT WAS 289. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 36865347 true true false false false false false false false true true false false false true false true false true false false false false false false false false false true true false false false false true false true false true false false false false false false false false true 56 0 724 true false false false false false true true false false false false false false X 32 26 false false false false false false false true true false false false true true true true true true true false OH X KATIE ROBBINS CFO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 DAVID KING PRESIDENT (END 06/22) 40.0 0.0 X X 198673 0 71237 PATRICK ROBERTS LEFT 1022 VP ADVANCEMENT 40.0 0.0 X 131346 0 21604 KATIE ROBBINS VP FINANCE & BUSINESS AFFAIRS 40.0 0.0 X 130703 0 15065 GREG MILLER PROVOST 40.0 0.0 X 113274 0 24056 TIM BRYAN VP MARKETING & COMMUNICATIONS 40.0 0.0 X 118493 0 7415 JASON MOYER VP ENROLLMENT MANAGEMENT 40.0 0.0 X 91863 0 15168 MELODY SCOTT DEAN OF STUDENTS 40.0 0.0 X 82172 0 7052 KRISTA ALLISON TRUSTEE 1.0 0.0 X 0 0 0 WALTER ARRINGTON TRUSTEE 1.0 0.0 X 0 0 0 PAMELA BURCH TRUSTEE 1.0 0.0 X 0 0 0 THOMAS CRAWFORD TRUSTEE 1.0 0.0 X 0 0 0 RONALD CROCK TRUSTEE 1.0 0.0 X 0 0 0 MARCIE CURRY TRUSTEE 1.0 0.0 X 0 0 0 SUSAN GRABOWSKI TRUSTEE 1.0 0.0 X 0 0 0 SHARI HANSEN VICE CHAIR 1.0 0.0 X 0 0 0 SAMUEL HUANG TRUSTEE 1.0 0.0 X 0 0 0 FLANVIS JOHNSON II TRUSTEE 1.0 0.0 X 0 0 0 ERIC LUND TRUSTEE 1.0 0.0 X 0 0 0 TERRY MARGO TRUSTEE 1.0 0.0 X 0 0 0 LEON MILLER TRUSTEE 1.0 0.0 X 0 0 0 DANIEL MITCHELL TRUSTEE 1.0 0.0 X 0 0 0 MARTHA MOONEY TRUSTEE 1.0 0.0 X 0 0 0 DAVID MUNGO TRUSTEE 1.0 0.0 X 0 0 0 RODNEY NEUENSCHWANDER CHAIR 1.0 0.0 X 0 0 0 DEBORAH NOBLE TRUSTEE 1.0 0.0 X 0 0 0 LYNN PIERCE TRUSTEE 1.0 0.0 X 0 0 0 JACK RADCLIFFEE TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH ROBINSON TRUSTEE 1.0 0.0 X 0 0 0 MARK ROSE TRUSTEE 1.0 0.0 X 0 0 0 GEOFF SCHULTZ TRUSTEE 1.0 0.0 X 0 0 0 LARRY SMERGLIA TRUSTEE 1.0 0.0 X 0 0 0 BRENDA SMITH SECRETARY 1.0 0.0 X 0 0 0 JAMES SMUCKER TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW SUTTER TRUSTEE 1.0 0.0 X 0 0 0 LYNDON THOMAS TRUSTEE 1.0 0.0 X 0 0 0 ALICE WILLIAMS TREASURER 1.0 0.0 X 0 0 0 LAMAR WYSE GOVERNANCE 1.0 0.0 X 0 0 0 MERVIN YODER TRUSTEE 1.0 0.0 X 0 0 0 866524 0 161597 5 false true false AVI FOODSYSTEMS INC 2590 ELM RD NE WARREN OH 44483 FOOD SERVICES 2371647 WILEY EDU LLC 1415 W 22ND ST OAK BROOK IL 60523 STUDENT RECRUITMENT 640000 SLINGSHOT LP 1500 S WESTERN AVE MARION IN 46953 BOOKSTORE 472223 COPLEY OHIO NEWSPAPERS INC PO BOX 630599 CINCINNATI OH 45263 ADVERTISING 333116 HILSCHER CLARKE ELECTRIC 519 4TH ST NW CANTON OH 44703 CONSTRUCTION SERVICE 276548 16 3645693 2444444 131463 6090137 TUITION, FEES, ETC 611710 30005506 30005506 AUXILIARY REVENUE 900099 5978487 5978487 PARKING FEES 812930 1175 1175 TESTING SERVICES 900099 1225 1225 TRANSCRIPT FEES 900099 13655 13655 129384 129384 36129432 710071 710071 0 0 0 0 0 2638955 22340 2557869 0 81086 22340 103426 103426 0 0 0 0 0 0 54995 0 54995 54995 0 43088061 36184427 813497 0 16645262 16645262 0 0 927418 200418 586141 140859 147709 147709 9917936 7322682 2168741 426513 61793 42864 15696 3233 2927240 2030539 743563 153138 800000 554936 203212 41852 43777 43777 66846 66846 118410 118410 0 0 83726 83726 1293626 980242 313384 1230977 587816 615898 27263 291060 159494 72320 59246 858532 662889 195643 0 1325892 1079887 246005 783962 705823 50692 27447 0 97372 45059 52313 631126 631126 0 2166477 1511738 542923 111816 144507 144507 OTHER AUXILLARY 2740466 2740466 BAD DEBT 74235 74235 OTHER EDUCATION EXPENSE 153571 97163 56408 DUES/MEMBERSHIPS 156377 64170 81990 10217 580829 580829 44269126 36865347 6402195 1001584 9000 9000 6452355 6700516 1203871 712234 1187461 1028697 0 0 0 0 1030935 634783 0 0 1402468 1078303 98877719 60898006 38180929 37979713 17580905 14812760 0 0 0 0 0 0 1619313 1312401 68667237 64268407 2335057 2097480 0 0 3751917 1662356 0 0 0 0 0 0 10941508 10381365 0 0 2223614 5205342 19252096 19346543 X 18392374 19237855 31022767 25684009 49415141 44921864 68667237 64268407 X -1181065 -3039244 -272968 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25218779 341750 -2397371 621578 420128 51262 22070190 21131674 373805 4693065 577611 355743 46411 25218779 21340118 169368 533815 531620 333006 47001 21131674 21082611 142535 846767 423472 263248 45075 21340118 20220336 383323 1656498 634404 482258 60884 21082611 0.01000 0.85000 0.14000 false false 2146345 2146345 57002905 28433507 28569398 20537639 19293688 1243951 19190830 13170811 6020019 37979713 0 LINE OF CREDIT 5000000 CAPITAL LEASE OBLIGATION 205342 5205342 23403555 -3039244 -3039244 26442799 16645262 16645262 43088061 27623864 27623864 16645262 16645262 44269126 SCHEDULE D, PART V, LINE 4 MALONE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR EXPENDITURE EACH YEAR 5% OF ITS INVESTED ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR THREE YEARS. A DIVERSIFIED ASSET ALLOCATION IS TARGETED THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS. APPROPRIATIONS ARE USED PRIMARILY TO FUND SCHOLARSHIPS, AND FOR THE RENOVATION OF BUILDINGS AND EQUIPMENT REPLACEMENT. 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. PART XI AND PART XII, LINE 4B FINANCIAL AID 16,130,533 OUTSIDE SCHOLARSHIPS 514,729 TOTAL: $16,645,262 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THIS INFORMATION IS PROVIDED IN WRITTEN FORM IN THE UNIVERSITY CATALOG, ON ALL ADMISSIONS DOCUMENTS AND OTHER DOCUMENTS DISSEMINATED THROUGHOUT THE CAMPUS. IT IS ALSO LISTED ON ALL EMPLOYMENT ADVERTISEMENTS AND ON THE MALONE.EDU WEBSITE THAT ARE CARRIED LIVE. SCHEDULE E, PART I, LINE 6A MALONE UNIVERSITY RECEIVES FEDERAL STUDENT AID (FSA) FUNDS FOR DISBURSEMENT TO CURRENTLY ENROLLED STUDENTS UNDER THE TITLE IV PROGRAM. QUALIFIED STUDENTS MAY ALSO APPLY FOR AND RECEIVE FINANCIAL AID THROUGH THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE DEPARTMENT OF VETERAN'S AFFAIRS, AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE (AMERICORPS). STATE FINANCIAL AID IS DETERMINED BY THE STUDENT'S RESIDENT STATUS. STATE GRANTS (NON-STUDENT) ARE APPLIED FOR BY THE UNIVERSITY BASED ON EDUCATION AND TEACHING PROGRAMS OFFERED. true SCHOLARSHIPS 923 16645262 SCHEDULE I, PART I, LINE 2 GRANTS AND SCHOLARSHIPS ARE MONITORED FOR APPROPRIATE USE BY VALIDATING REGISTRATION AND SATISFACTORY PROGRESS TOWARDS COMPLETION OF EDUCATIONAL REQUIREMENTS. X X X true true X X X false true false false false false false false false PATRICK ROBERTS LEFT 1022 VP ADVANCEMENT 131346 0 0 0 0 0 7232 0 14372 0 152950 0 DAVID KING PRESIDENT (END 06/22) 156673 0 0 0 42000 0 56865 0 14372 0 269910 0 SCHEDULE J, PART I, LINE 1A DR. KING, THE ORGANIZATION'S PRESIDENT, RECEIVES TRAVEL FOR COMPANIONS AND CLUB DUES IN ORDER TO FACILITATE MEETINGS WITH PROSPECTIVE DONORS. THIS IS FOR BUSINESS USE ONLY AND IS SUFFICIENTLY DOCUMENTED. IT IS NON-TAXABLE. THE PRESIDENT RECEIVED A TAXABLE MONTHLY HOUSING ALLOWANCE TOTALING $42,000 FOR THE CALENDAR YEAR. SCHEDULE J, PART I, LINE 4B DR. DAVID KING PARTICIPATES IN A 457(F) PLAN. DURING 2021, THERE WAS A $15,000 CONTRIBUTION TO THE PLAN. THE CONTRIBUTION IS PROPERLY REPORTED IN COLUMN (C) ON PT. II. NA N/A 26200 SCHOLARSHIP SCHOLARSHIP NA N/A 2237 TUITION DISCOUNT TUITION DISCOUNT JASON WYSE SON OF LAMAR WYSE 71802 COMPENSATION false LAUREN SEIFERT DAUGHTER OF LARRY SMERGLIA 75907 COMPENSATION false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 276548 INDEPENDENT CONTRACTOR false X 2 96566 MARKET VALUE X JD GATOR 1 23517 FMV X GABLE SHED 1 7480 FMV X ADIRONDACK FURNITURE CHAIRS 1 3900 FMV false false false SCHEDULE M, PART I THE AMOUNTS LISTED IN PART I, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1B DAVID KING IS A PAID EMPLOYEE OF THE UNIVERSITY, AND, AS SUCH, IS CONSIDERED A NON-INDEPENDENT BOARD MEMBER. ALICE WILLIAMS, SUSAN GRABOWSKI, RON CROCK, LAMAR WYSE, AND LARRY SMERGLIA ARE CONSIDERED NON-INDEPENDENT BOARD MEMBERS DUE TO TRANSACTIONS REPORTED ON SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT FORM 990 WAS REVIEWED IN DETAIL WITH AUDIT & FINANCE COMMITTEE WITH APPROVAL. THE AUDIT & FINANCE COMMITTEE RECOMMENDED APPROVAL OF THE FORM 990 BY THE FULL BOARD OF TRUSTEES. THE APPROVED COPY OF FORM 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS THROUGH ELECTRONIC MAIL. SCHEDULE B WAS REDACTED IN THE EMAILED VERSION WITH A HARD COPY MADE AVAILABLE TO THE BOARD IN THE FINANCE OFFICE. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS ALL CONFLICT OF INTEREST STATEMENTS OF FAMILY AND BUSINESS DISCLOSURE LETTERS RETURNED TO MALONE WHERE A CONFLICT IS DISCLOSED. THE ANNUAL CONFLICT OF DISCLOSURE STATEMENTS ARE SUBMITTED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE. IN ADDITION, THE EXECUTIVE STAFF IS RESPONSIBLE FOR MONITORING ANY POSSIBLE CONFLICT TRANSACTION THAT ARISES TO ENSURE THAT ALL TRANSACTIONS REPRESENT ARM'S LENGTH, FAIR MARKET VALUE FOR THE BENEFIT OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION STUDIES FOR THE ORGANIZATION'S PRESIDENT ARE RESEARCHED AND PREPARED BY THE HR DIRECTOR. THAT INFORMATION IS SUBMITTED TO THE PRESIDENTIAL REVIEW AND COMPENSATION COMMITTEE (PRCC) AT THE OCTOBER BOARD MEETING FOR THEIR REVIEW AND APPROVAL. THE COMMITTEE IS RESPONSIBLE FOR APPLYING TERMS AND PROCESSES OF THE EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS AS OUTLINED ABOVE TO FOLLOW THE REBUTTAL PRESUMPTION OF REASONABLENESS TEST. FORM 990, PART VI, SECTION B, LINE 15B THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S OFFICERS, AND KEY EMPLOYEES IS PREPARED BY THE HR DIRECTOR AND THE INFORMATION IS SUBMITTED TO THE PRESIDENT FOR HIS/HER REVIEW AND APPROVAL. THE HR DIRECTOR USES CUPA REPORTS TO DETERMINE THE APPROPRIATE SALARIES AT THE VICE-PRESIDENTIAL AND ADMINISTRATOR LEVEL. THE PROVOST REVIEWS THE SALARIES OF PROGRAM CHAIRS AND KEY FACULTY MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 MALONE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND APPLICABLE DOCUMENT COPIES ARE SENT TO THE REQUESTER FREE OF CHARGE. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF BENEFICIAL INTERESTS -$272,968