2022-04-28T10:52:56-05:00 2021-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2020-07-01 340737794 MALONE UNIVERSITY % KATIE ROBBINS CFO MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 KATIE ROBBINS VP FINANCE/BUSINESS 3304718100 2022-05-15 true KATIE ROBBINS 999009999 Anne E White P01708202 2604604000 2 2020 2022-09-23 18:48:47Z DAVID A KING 2600 CLEVELAND AVE NW CANTON OH 44709 47583249 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. 27 23 761 23 0 0 3334015 7616291 40997936 36784950 701168 436221 56345 57381 45089464 44894843 17695478 16601376 0 0 15849624 14615783 0 0 820283 13454166 11955107 46999268 43172266 -1909804 1722577 68363270 68667237 25148359 19252096 43214911 49415141 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 27444190 16369240 32376041 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 45 UNDERGRADUATE MAJORS, 38 MINORS, AND 7 PRE-PROFESSIONAL PROGRAMS. FALL 2020 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 873.4, WITH A STUDENT TO FACULTY RATIO OF 13.2 TO 1. RESIDENT HEADCOUNT WAS 535 AND COMMUTER HEADCOUNT WAS 588. 1915513 2340 349506 NON-TRADITIONAL UNDERGRADUATE: CONTINUING STUDIES - MALONE UNIVERSITY OFFERS TWO DEGREE COMPLETION OPTIONS TO ADULT LEARNERS WITH PRIOR UNDERGRADUATE COURSEWORK: MGMT (MALONE MANAGEMENT PROGRAM), AND BSNDC (BACHELOR OF SCIENCE IN NURSING DEGREE COMPLETION). STUDENTS ARE ABLE TO COMPLETE THEIR DEGREES IN AS LITTLE AS 14 MONTHS. MMP - TWO MAJORS WERE OFFERED: (1) ORGANIZATIONAL MANAGEMENT, PREPARES FOR ACTIVE LEADERSHIP ROLES IN CORPORATE, GOVERNMENT, AND NON-PROFIT ENVIRONMENTS; (2) HEALTH SERVICE MANAGEMENT, GAIN AN IN-DEPTH UNDERSTANDING OF HEALTH CARE SYSTEMS, LEGAL ISSUES RELATED TO CARE AND CONSUMER HEALTH CHOICES. FALL 2020 MGMT FTE ENROLLMENT WAS 27.7; HEADCOUNT WAS 35. 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 2020 BSNDC FTE ENROLLMENT WAS 9.8; HEADCOUNT WAS 12. 6528829 229796 4116784 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 2020 GRADUATE FTE ENROLLMENT WAS 259.9; HEADCOUNT WAS 349. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 35888532 true true false false false false false false false true true false false false true false true false true false false true false false false false false false true true false false false false true false true true true false false false false false false false false true 47 0 761 true false false false false false true true false false false false false false X 27 23 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 50.0 0.0 X X 335770 0 31477 PATRICK ROBERTS VP ADVANCEMENT 50.0 0.0 X 116368 0 15096 KATIE ROBBINS VP FINANCE/BUSINESS AFFAIRS 50.0 0.0 X 129270 0 1888 TIM BRYAN VP MARKETING & COMMUNICATIONS 50.0 0.0 X 121568 0 7197 GREG MILLER PROVOST 50.0 0.0 X 104998 0 1563 JENNIFER BILEK LEFT 621 VP HUMAN RESOURCES/COMMUNITY 50.0 0.0 X 72822 0 6701 MELODY SCOTT DEAN OF STUDENTS 50.0 0.0 X 66724 0 6601 PAMELA BURCH TRUSTEE 2.0 0.0 X 0 0 0 MATTHEW CHESNES TRUSTEE 2.0 0.0 X 0 0 0 RONALD CROCK TRUSTEE 2.0 0.0 X 0 0 0 THOMAS CRAWFORD TRUSTEE 2.0 0.0 X 0 0 0 MARCIE CURRY TRUSTEE 2.0 0.0 X 0 0 0 SUSAN GRABOWSKI TRUSTEE 2.0 0.0 X 0 0 0 KEVIN HAMMONS TRUSTEE 2.0 0.0 X 0 0 0 SHARI HANSEN TRUSTEE 2.0 0.0 X 0 0 0 SAMUEL HUANG TRUSTEE 2.0 0.0 X 0 0 0 FLANVIS JOHNSON II TRUSTEE 2.0 0.0 X 0 0 0 EDWARD KAPRALY TRUSTEE 2.0 0.0 X 0 0 0 TERRY MAGRO TRUSTEE 2.0 0.0 X 0 0 0 LEON MILLER TRUSTEE 2.0 0.0 X 0 0 0 MARTHA MOONEY TRUSTEE 2.0 0.0 X 0 0 0 DAVID MUNGO TRUSTEE 2.0 0.0 X 0 0 0 DAVID MURRAY TRUSTEE 2.0 0.0 X 0 0 0 RODNEY NEUENSCHWANDER CHAIR 2.0 0.0 X X 0 0 0 LYNN PIERCE TRUSTEE 2.0 0.0 X 0 0 0 MARK ROSE TRUSTEE 2.0 0.0 X 0 0 0 LARRY SMERGLIA TRUSTEE 2.0 0.0 X 0 0 0 BRENDA SMITH SECRETARY 2.0 0.0 X X 0 0 0 MATTHEW SUTTER TRUSTEE 2.0 0.0 X 0 0 0 LYNDON THOMAS TRUSTEE 2.0 0.0 X 0 0 0 ALICE WILLIAMS TREASURER 2.0 0.0 X X 0 0 0 LAMAR WYSE TRUSTEE 2.0 0.0 X 0 0 0 MERVIN YODER VICE CHAIR 2.0 0.0 X X 0 0 0 947520 0 70523 5 false true false AVI FOODSYSTEMS INC 2590 ELM RD NE WARREN OH 44483 FOOD SERVICES 2488370 WILEY EDU LLC 1415 W 22ND ST OAK BROOK IL 60523 STUDENT RECRUITMENT 1462529 TREE OF LIFE BOOKSTORE INC 1500 S WESTERN AVE MARION IN 46953 BOOKSTORE 487278 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 ENROLLMENT SERVICES 368988 DAVID W BLOOR 7356 BLUEBIRD RD NW EAST CANTON OH 44730 CONSTRUCTION SERVICE 394614 14 4573780 3042511 126762 7616291 TUITION, FEES, ETC 611710 31537507 31537507 AUXILIARY REVENUE 900099 5117637 5117637 PARKING FEES 812930 1800 1800 TESTING SERVICES 900099 1230 1230 TRANSCRIPT FEES 900099 16303 16303 110473 110473 36784950 438113 438113 0 0 0 0 0 2283878 402636 2341025 347381 -57147 55255 -1892 -1892 0 0 0 0 0 0 57381 0 57381 57381 0 44894843 36842331 436221 0 16586376 16586376 15000 15000 0 987135 188500 667148 131487 76303 76303 10125327 7690561 2101260 333506 66461 47123 16557 2781 2698359 1913484 672003 112872 662198 469518 164971 27709 0 25508 25508 55093 55093 54410 54410 0 84436 84436 1486533 1202046 284487 868024 335097 508949 23978 276619 161591 75631 39397 946650 717598 229052 0 1164487 627410 537077 332055 296662 14062 21331 0 42188 24818 17370 741607 741607 0 2226734 1583238 550955 92541 167711 3852 163859 OTHER AUXILLARY 2552110 2552110 OTHER EDUCATION EXPENSE 117601 96787 20814 DUES/MEMBERSHIPS 145939 50009 89804 6126 ALL OTHER EXPENSES 667402 508842 130005 28555 43172266 35888532 6463451 820283 9000 9000 9650953 6452355 956351 1203871 1758773 1187461 0 0 0 0 1281519 1030935 0 0 1311363 1402468 97279032 59098103 38402378 38180929 13627219 17580905 0 0 0 0 0 0 1365714 1619313 68363270 68667237 2338999 2335057 0 0 6844495 3751917 0 0 0 0 0 0 11452562 10941508 0 0 4512303 2223614 25148359 19252096 X 17396012 18392374 25818899 31022767 43214911 49415141 68363270 68667237 X 1722577 4215767 261886 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21131674 373805 4693065 577611 355743 46411 25218779 21340118 169368 533815 531620 333006 47001 21131674 21082611 142535 846767 332743 353977 45075 21340118 20220336 383323 1656498 1070441 46221 60884 21082611 19670784 222757 1769680 989062 392715 61108 20220336 0.01000 0.85000 0.14000 false false 2146345 2146345 56005322 26935536 29069786 20413273 19259278 1153995 18714092 12903289 5810803 38180929 0 LINE OF CREDIT 2000000 CAPITAL LEASE OBLIGATION 223614 2223614 32524234 4215767 4215767 28308467 16586376 16586376 44894843 26585890 26585890 16586376 16586376 43172266 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 16,106,358 OUTSIDE SCHOLARSHIPS 480,018 TOTAL: $16,586,376 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. SOUTH AMERICA SUB-AWARDEE; TRANSLATING SERVICES 15000 WIRE 1 true false false false false false true SCHOLARSHIPS 1039 16586376 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 X true true X X X false true false false false false false false false DAVID KING PRESIDENT 184348 0 50000 0 101422 0 16865 0 14612 0 367247 0 56567 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 LIVED IN A UNIVERSITY-OWNED HOUSE THROUGH OCT 2020. THE FAIR MARKET VALUE OF THE HOUSING IS VALUED AT $42,000 PER YEAR WITH A PRO-RATED BENEFIT VALUE OF $35,000 FOR TEN MONTHS OF THE CALENDAR YEAR. THIS BENEFIT DOES NOT MEET THE IRC SECT. 119 EXCLUSION AND, AS SUCH, IS INCLUDED AS TAXABLE COMPENSATION ON HIS W-2. SUBSEQUENTLY, AFTER THE SALE OF THE HOME, THE PRESIDENT RECEIVED A TAXABLE MONTHLY HOUSING ALLOWANCE TOTALING $6,000 FOR TWO MONTHS OF THE CALENDAR YEAR. CLEANING SERVICES FOR THE PRESIDENT'S RESIDENCE VALUED AT $2,275 ARE INCLUDED IN THE HOUSING ALLOWANCE HE RECEIVES. SCHEDULE J, PART I, LINE 4B DR. DAVID KING PARTICIPATES IN A 457(F) PLAN. DURING 2020, THERE WAS A $15,000 CONTRIBUTION TO THE PLAN AND A PAYOUT OF $56,867. THE CONTRIBUTION IS PROPERLY REPORTED IN COLUMN (C) ON PT. II AND THE PAYOUT IS PROPERLY REPORTED IN COLUMNS B(iii) and (F) ON PT. II. 46500 SCHOLARSHIP SCHOLARSHIP JASON WYSE SON OF LAMAR WYSE 76303 COMPENSATION false SUSAN GRABOWSKI MAJORITY OWNER OF DESIDRA, INC. 33500 MARKETING false X 2 114482 MARKET VALUE X STAMPS 1 1100 FMV X ELECTRIC SUPPLIES 1 5000 FMV X COMPUTERS 1 6180 FMV false false false 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, AND LAMAR WYSE 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 $261,886