2025-05-09T09:20:05+00:00 2024-06-30 440160260 FORVIS MAZARS LP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2023-07-01 340737794 MALONE UNIVERSITY MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 GREG MILLER President 3304718100 2025-05-09 true true Anne White P01708202 2604604000 2025-05-09 2023 2025-03-06 01:10:19Z GREG MILLER 2600 CLEVELAND AVE NW CANTON OH 44709 48948971 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. 30 27 681 27 0 0 9489938 5665592 34694589 36470308 761348 820566 50092 0 44995967 42956466 16246574 17275644 0 14426375 13525045 0 880458 13284475 12991741 43957424 43792430 1038543 -835964 65052028 66873325 18045364 18432515 47006664 48440810 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 32917145 17009550 33155178 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 ELEVEN DEPARTMENTS AND ONE CENTER: THE CENTER FOR INTERCULTURAL STUDIES. OFFERING 48 UNDERGRADUATE MAJORS, 42 MINORS, AND 11 PRE-PROFESSIONAL PROGRAMS. FALL 2023 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 797.9, WITH A STUDENT TO FACULTY RATIO OF 12.5 TO 1. RESIDENT HEADCOUNT WAS 460 AND COMMUTER HEADCOUNT WAS 540. 3481239 246473 3260744 GRADUATE STUDIES - MALONE UNIVERSITY HAS DEVELOPED GRADUATE PROGRAMS 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), AND CLINICAL MENTAL HEALTH COUNSELING (MAED). FALL 2023 GRADUATE FTE ENROLLMENT WAS 169.3; HEADCOUNT WAS 218. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 718604 19621 54386 NON-TRADITIONAL UNDERGRADUATE: MALONE UNIVERSITY OFFERS A DEGREE COMPLETION OPTION TO ADULT LEARNERS WITH PRIOR UNDERGRADUATE COURSEWORK: MGMT (MALONE MANAGEMENT PROGRAM). STUDENTS CAN 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 2023 MGMT FTE ENROLLMENT WAS 6.3; HEADCOUNT WAS 10. 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 2023 HEADCOUNT WAS 16. 37116988 true true 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 false false true false true false false false false false false false false true 102 0 681 true false false false false false true true false false false false false false X 30 27 false false false false false false false true true false false false true true true true true true true false X KATIE ROBBINS 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 GREG MILLER PRESIDENT 40.0 0.0 X X 180042 0 66752 ALICE WILLIAMS TREASURER 1.0 0.0 X 0 0 0 CATHY ANDERSON TRUSTEE 1.0 0.0 X 0 0 0 DANIEL MITCHELL TRUSTEE 1.0 0.0 X 0 0 0 DAVID MILLER TRUSTEE 1.0 0.0 X 0 0 0 DAVID MUNGO TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH NOBLE GOVERNANCE 1.0 0.0 X 0 0 0 DEBORAH ROBINSON TRUSTEE 1.0 0.0 X 0 0 0 DOUGLAS SCHWARZ TRUSTEE 1.0 0.0 X 0 0 0 EDWARD WALSH TRUSTEE 1.0 0.0 X 0 0 0 ERIC LUND TRUSTEE 1.0 0.0 X 1250 0 0 GEOFF SCHULTZ TRUSTEE 1.0 0.0 X 0 0 0 JACK RADCLIFFE TRUSTEE 1.0 0.0 X 0 0 0 JAMES MARGO TRUSTEE 1.0 0.0 X 0 0 0 JAMES SMUCKER TRUSTEE 1.0 0.0 X 0 0 0 JOSE URRUTIA TRUSTEE 1.0 0.0 X 0 0 0 KRISTA ALLISON TRUSTEE 1.0 0.0 X 0 0 0 LAMAR WYSE TRUSTEE 1.0 0.0 X 0 0 0 LARRY SMERGLIA TRUSTEE 1.0 0.0 X 0 0 0 LYNDON THOMAS TRUSTEE 1.0 0.0 X 2160 0 0 MARCIE CURRY TRUSTEE 1.0 0.0 X 0 0 0 MARION COBLENTZ TRUSTEE 1.0 0.0 X 0 0 0 MARTHA MOONEY TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW SUTTER VICE CHAIR 1.0 0.0 X 0 0 0 PAMELA BURCH TRUSTEE 1.0 0.0 X 0 0 0 REX BROAD TRUSTEE 1.0 0.0 X 0 0 0 SAMUEL HUANG TRUSTEE 1.0 0.0 X 0 0 0 SHARI HANSEN CHAIR 1.0 0.0 X 0 0 0 SUSAN GRABOWSKI SECRETARY 1.0 0.0 X 0 0 0 WALTER ARRINGTON TRUSTEE 1.0 0.0 X 0 0 0 BRIAN HOLLINGSWORTH VP ADVANCEMENT 40.0 0.0 X 110951 0 15397 CHRISTINA SCHNYDERS PROVOST 40.0 0.0 X 105710 0 16662 ERIC YOUNG VP ENROLLMENT & MARKETING 40.0 0.0 X 86703 0 12039 KATIE ROBBINS VP FINANCE & BUSINESS AFFAIRS 40.0 0.0 X 146043 0 21972 MELODY SCOTT VP STUDENT DEVELOPMENT 40.0 0.0 X 99975 0 7764 DAVID KING FORMER PRESIDENT (END 06/22) 0.0 0.0 X 208051 0 0 940885 0 140586 5 true true false AVI FOODSYSTEMS INC 2590 ELM RD NE WARREN OH 44483 FOOD SERVICES 2444398 SLINGSHOT LP 1500 S WESTERN AVE MARION IN 46953 BOOKSTORE 427586 ENROLLMENTFUEL LLC PO BOX 9792 CHAPEL HILL NC 27515 ENROLLMENT SERVICES 387725 WILEY EDU LLC 1415 W 22ND ST OAK BROOK IL 60523 STUDENT RECRUITMENT 320000 ALLIANCE COMMUNITY HOSPITAL 200 E STATE ST ALLIANCE OH 44601 ATHLETIC TRAINING SERVICES 277798 11 453412 5212180 1242666 5665592 TUITION, FEES, ETC 611710 29902250 29902250 AUXILIARY REVENUE 900099 5958854 5958854 PARKING FEES 812930 2750 2750 TESTING SERVICES 900099 1565 1565 BOOKSTORE SALES 900099 32721 32721 572168 572168 0 0 36470308 809969 809969 0 0 6003102 0 5971669 20836 31433 -20836 10597 10597 0 0 0 0 0 42956466 36470308 0 820566 17275644 17275644 818915 230111 462456 126348 93115 93115 9953377 7149177 2376244 427956 55507 38024 14627 2856 1782796 1573971 174710 34115 821335 562635 216437 42263 79744 79744 88229 88229 94548 94548 710204 466946 210483 32775 938336 791829 121718 24789 289010 163419 72614 52977 976402 228679 747723 1317107 1072732 244375 818013 730495 67357 20161 90511 58537 29963 2011 1012045 1012045 2069457 1423216 540667 105574 161863 161863 OTHER AUXILLARY 3003353 3003353 DUES/MEMBERSHIPS 160896 85562 66701 8633 OTHER EDUCATION EXPENSE 253092 228567 24525 BAD DEBT 88955 88955 839976 839976 0 0 43792430 37116988 5794984 880458 9000 9000 4329705 4516300 1585407 3385320 864296 1046464 0 0 0 0 446283 307068 1009560 311374 100759198 65108285 36402666 35650913 18950559 20052491 0 0 1454552 1594395 65052028 66873325 1545308 1462235 1628515 1513993 0 0 9792229 9208136 5079312 6248151 18045364 18432515 X 19430734 19298546 27575930 29142264 47006664 48440810 65052028 66873325 X -835964 2138351 39500 92259 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23670132 302080 2779686 697357 391626 48739 25614176 22070190 373973 2254726 606790 372926 49041 23670132 25218779 341750 -2397371 621578 420128 51262 22070190 21131674 373805 4693065 577611 355743 46411 25218779 21340118 169368 533815 531620 333006 47001 21131674 0.01 0.99 0.0 true false 2146345 2146345 57969031 31175608 26793423 20884699 19941015 943684 19759123 13991662 5767461 35650913 LINE OF CREDIT 6168000 CAPITAL LEASE OBLIGATION 80151 6248151 27858673 2138351 39500 0 2177851 25680822 17275644 17275644 42956466 26516786 0 0 26516786 17275644 17275644 43792430 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 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. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements FINANCIAL AID - 16430380 OUTSIDE SCHOLARSHIPS - 845264 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - 16430380 OUTSIDE SCHOLARSHIPS - 845264 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY 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 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT 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 739 17275644 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANTS AND SCHOLARSHIPS ARE MONITORED FOR APPROPRIATE USE BY VALIDATING REGISTRATION AND SATISFACTORY PROGRESS TOWARDS COMPLETION OF EDUCATIONAL REQUIREMENTS. X X true true X X X X false true false false false false false false false GREG MILLER PRESIDENT 132042 0 48000 0 0 0 15209 0 51543 0 246794 0 40000 0 DAVID KING FORMER PRESIDENT (END 06/22) 181686 0 0 0 26365 0 0 0 0 0 208051 0 94986 0 KATIE ROBBINS VP FINANCE & BUSINESS AFFAIRS 132870 0 13173 0 0 0 21348 0 624 0 168015 0 13173 0 Schedule J, Part I, Line 1a Travel for companions PRESIDENT GREG MILLER RECEIVED TRAVEL FOR COMPANIONS IN ORDER TO FACILITATE MEETINGS WITH PROSPECTIVE DONORS. THIS IS FOR BUSINESS USE ONLY AND IS SUFFICIENTLY DOCUMENTED. IT IS NON-TAXABLE. Schedule J, Part I, Line 1a Housing allowance or residence for personal use GREG MILLER, WHILE SERVING AS PRESIDENT OF THE UNIVERSITY, QUALIFIES AS A MINISTER UNDER THE MINISTERIAL EXCEPTION AND THEREFORE IS ELIGIBLE FOR THE HOUSING ALLOWANCE EXCLUSION FROM GROSS INCOME. THE PRESIDENT RECEIVED A NON-TAXABLE MONTHLY HOUSING ALLOWANCE TOTALING $36,000 FOR THE CALENDAR YEAR. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan MALONE UNIVERSITY MAINTAINS A DEFERRED COMPENSATION 457(F) PLAN FOR FORMER PRESIDENT DAVID KING. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING THE FISCAL YEAR. THE PLAN WAS CLOSED AND THE VESTED AMOUNT OF $94,986 WAS DISBURSED TO DAVID KING DURING FYE 6/30/2024, CY 2023. LAUREN SEIFERT CHILD OF LARRY SMERGLIA 61419 COMPENSATION false JASON WYSE CHILD OF LAMAR WYSE 31696 COMPENSATION false X 1 12741 Market value X 1 1155000 Other - APPRAISAL X Electrical Supplies 1 10000 Market value X Cryomed Cryotherapy Chamber 1 30725 Market value X Schulmerich Bells and Chimes 1 29000 Market value X LAPTOPS 1 5200 Market value 0 false true 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, Line 1b GREG MILLER IS A PAID EMPLOYEE OF THE UNIVERSITY, AND, AS SUCH, IS CONSIDERED A NON-INDEPENDENT BOARD MEMBER. LAMAR WYSE AND LARRY SMERGLIA ARE CONSIDERED NON-INDEPENDENT BOARD MEMBERS DUE TO TRANSACTIONS REPORTED ON SCHEDULE L. Form 990, Part VI, Line 11b Review of form 990 by governing body A DRAFT FORM 990 WAS REVIEWED IN DETAIL WITH AUDIT AND FINANCE COMMITTEE WITH APPROVAL. THE AUDIT AND 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, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official 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, Line 15b Process to establish compensation of other employees 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, Line 19 Required documents available to the public 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 VIII, Line 2f Other Program Service Revenue Miscellaneous - Total Revenue: 559474, Related or Exempt Function Revenue: 559474, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; TRANSCRIPT FEES - Total Revenue: 12694, Related or Exempt Function Revenue: 12694, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF BENEFICIAL INTERESTS - 92259;