2021-04-13T13:28:34-05:00 2020-05-31 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE STE 2700 BLACKSBURG VA 24060 990 2019-06-01 560554207 MARS HILL UNIVERSITY MARS 8286891111 PO BOX 370 MARS HILL NC 28754 ROGER F SLAGLE VP OF FINANCE & ADMINISTRATION 8286891100 2021-04-13 1 MARK WOOLWINE P00647446 5404433606 2021-04-12 2019 2022-09-23 18:48:47Z ANTHONY FLOYD 100 ATHLETIC STREET MARS HILL NC 28754 62098165 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. 31 31 965 17 83269 79614 11733981 21260341 42946956 40290662 2069588 199531 254311 170809 57004836 61921343 20907601 20199990 0 0 17566503 17932858 0 0 1158094 14543495 13643032 53017599 51775880 3987237 10145463 147318547 159252141 54284258 56969633 93034289 102282508 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 39348049 20199990 32239770 INSTRUCTION - PRIVATE LIBERAL ARTS UNIVERSITY OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK, AND FINE ARTS. APPROXIMATELY 1030 STUDENTS BENEFITED. 1046528 7743383 ACADEMIC SUPPORT - SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF EDUCATION. 519845 237746 PUBLIC SERVICE - ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES TO GROUPS EXTERNAL TO THE UNIVERSITY. 40914422 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 1 144 0 1 965 1 1 1 0 0 0 0 0 0 0 0 0 X 31 31 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 LINDA JUDGE-MCRAE CHAIR 1.00 X X 0 0 0 GWEN DAVIS 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 BRUCE BOYLES 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 SECRETARY 1.00 X X 0 0 0 MARY DAWSON TRUSTEE 1.00 X 0 0 0 ERIC MANN TRUSTEE 1.00 X 0 0 0 KAREN SMITH TRUSTEE 1.00 X 0 0 0 STEVE FRANCIS TRUSTEE 1.00 X 0 0 0 CAROLYN FERGUSON TRUSTEE 1.00 X 0 0 0 AC HONEYCUTT JR TRUSTEE 1.00 X 0 0 0 MIKE KELLY VICE 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 TONY FLOYD PRESIDENT 43.00 X 193109 0 17950 RANDELL N TILLEY VP-FINANCE 43.00 X 112042 0 13289 HAROLD G CHRISTMAN VP-INSTITUTIONAL ADVANCEME 43.00 X 118058 0 13401 DAVE ROZEBOOM VP-STUDENT LIFE 43.00 X 29715 0 3216 JOHN OMACHONU PROVOST 43.00 X 117187 0 9811 570111 0 57667 4 0 1 0 CHARTWELLS PO BOX 417632 BOSTON MA 02241 FOOD SERVICE CONTRACTOR 2204732 H&M CONSTRUCTORS PO BOX 16589 ASHEVILLE NC 28816 CONSTRUCTION SERVICES 446320 MBS DIRECT LLC PO BOX 617 COLUMBIA MO 65205 TEXTBOOK DISTRIBUTOR 414523 CREDO LLC 940 GOLF HOUSE RD WHITSETT NC 27377 ARCHITECT SERVICES 303868 CAMP ELECTRIC INC PO BOX 1454 RUTHERFORDTON NC 28139 LAND IMPROVEMENTS 210000 14 184846 3301606 17773889 5353483 21260341 TUITION AND FEES 611310 32239771 32239771 RESIDENCE HALLS 721310 6536520 6536520 CONFERENCES 900099 806492 806492 CAFETERIA INCOME 611710 262373 262373 OTHER 900099 237746 237746 207760 207760 40290662 145667 83269 62398 88350 0 88350 88350 88350 212981 0 159117 212981 -159117 53864 -159117 212981 10810 184846 17705 -6895 -6895 MISCELLANEOUS INCOME 900099 89354 89354 89354 61921343 40220899 83269 356834 20199990 20199990 500781 151486 349295 13331376 10738423 1877058 715895 557902 557902 2486981 122359 2364622 1055818 1055818 1002309 265512 728578 8219 473593 156380 128202 189011 1659843 1155085 318358 186400 662352 175457 481464 5431 1364409 1253073 111336 834325 708676 90858 34791 1269899 1269899 2704630 2480146 224484 746661 746661 CAFETERIA EXPENSE 1586215 1586215 EQUIP RENTAL & MAINTENA 683809 352230 331237 342 BAD DEBT EXPENSE 294390 294390 MISCELLANEOUS 243644 182538 43101 18005 116953 116953 51775880 40914422 9703364 1158094 5915657 21140920 1313123 1320110 881923 714054 1931139 3093463 327621 335684 96305 72830 121382461 48368395 74457892 73014066 2033452 73464 47623001 48492011 12738434 10995539 147318547 159252141 4038094 3356118 789416 4014591 47198818 48123576 2257930 1475348 54284258 56969633 X 16792601 26331252 76241688 75951256 93034289 102282508 147318547 159252141 X 10145463 670530 -1567774 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51625021 2010078 922819 3437028 11883 51109007 51356035 5129566 -104582 4755998 51625021 47101787 1595474 4590126 1931352 51356035 41508613 1976943 6603864 2987642 47101778 46146662 2057333 -2828513 1466869 2400000 41508613 1.00000 1 0 1599148 1599148 96779378 30582683 66196695 12573665 11680991 892674 10430270 6104721 4325549 73014066 REAL ESTATE INVESTMENT TRUSTS 1251478 F ALTERNATIVE INVESTMENTS 46435588 F REAL ESTATE 804945 F 48492011 BENEFICIAL INTERESTS IN TRUSTS 10113897 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 881642 10995539 POST RETIREMENT BENEFIT OBLIGATION 974066 ANNUITIES PAYABLE 501282 1475348 40824110 670350 -1567593 -897243 41721353 20199990 20199990 61921343 31575891 1 1 31575890 20199990 20199990 51775880 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 -101,581. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATIONS 182,709. FUNDRAISING EXPENSES 17,705. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -1,666,426. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 20,199,990. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 20,199,990. 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 22720978 0 0 0 0 0 0 22720978 0 22720978 0 0 0 0 0 0 PART III ACCOUNTING METHOD: DAY FOR MHU 163671 163671 11224 GOLF TOURNAMENT 31985 21175 10810 6481 195656 184846 10810 17705 17705 -6895 1 TUITION DISCOUNTS/SCHOLARSHIPS 1036 20199990 X 1 1 X X X 0 0 0 0 0 0 0 0 0 TONY FLOYD PRESIDENT 193109 0 0 0 0 0 10058 0 7892 0 211059 0 0 0 X 1 6846 X 6 5346637 AVERAGE HIGH/LOW AT TRAN 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 182,709. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -101,581. FUNDRAISING EXPENSES 17,524. CAHNGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -1,666,426.