2021-05-14T16:25:50-05:00 2020-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2019-07-01 340737794 MALONE UNIVERSITY % KATIE ROBBINS CFO MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 KATIE ROBBINS VP FINANCE/BUSINESS 3304718100 2020-11-15 true ANNE E WHITE P01708202 2604604000 2019 2022-09-23 18:48:47Z DAVID A KING 2600 CLEVELAND AVE NW CANTON OH 44709 52098562 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 24 912 23 0 0 3872613 3334015 44552467 40997936 336260 701168 70285 56345 48831625 45089464 19073701 17695478 0 0 18136486 15849624 0 0 900040 14727653 13454166 51937840 46999268 -3106215 -1909804 67670129 68363270 22146241 25148359 45523888 43214911 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 28915746 17389106 35193002 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 52 UNDERGRADUATE MAJORS, 46 MINORS, AND 7 PRE-PROFESSIONAL PROGRAMS. FALL 2019 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 943, WITH A STUDENT TO FACULTY RATIO OF 11.3 TO 1. RESIDENT HEADCOUNT WAS 630 AND COMMUTER HEADCOUNT WAS 547. 2395060 679340 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 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. 7542806 306372 5181939 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 (MBA), EDUCATION(MAED), EDUCATIONAL LEADERSHIP (MSEL), NURSING (MSN), COUNSELING (MAED), AND ORGANIZATIONAL LEADERSHIP (MAOL). FALL 2019 GRADUATE FTE ENROLLMENT WAS 295; HEADCOUNT WAS 384. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 38853612 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 true true false true false false false false false false false false true 56 0 912 true false false false false false true true false false false false false false X 27 24 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 225709 0 34304 PATRICK ROBERTS VP ADVANCEMENT (BEGAN 03/20) 50.0 0.0 X 90060 0 49795 BARBARA BEUSCHER VP ADVANCEMENT (LEFT 11/19) 50.0 0.0 X 114047 0 17148 TIM BRYAN VP MARKETING & COMMUNICATIONS 50.0 0.0 X 117742 0 8961 MARK SEYMOUR VP ENROLLMENT (LEFT 07/20) 50.0 0.0 X 113993 0 1444 KATIE ROBBINS VP FINANCE/BUSINESS AFFAIRS 50.0 0.0 X 94824 0 1162 GREG MILLER PROVOST(BEGAN 11/19) 50.0 0.0 X 89012 0 1391 PAMELA BURCH TRUSTEE 2.0 0.0 X 0 0 0 MATTHEW CHESNES TRUSTEE 2.0 0.0 X 0 0 0 THOMAS CRAWFORD TRUSTEE 2.0 0.0 X 0 0 0 RONALD CROCK 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 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 BRIAN MILLER TRUSTEE 2.0 0.0 X 0 0 0 LEON MILLER TRUSTEE 2.0 0.0 X 0 0 0 RHONDA MITCHELL 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 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 845387 0 114205 4 false true false AVI FOODSYSTEMS INC 2590 ELM RD NE WARREN OH 44483 FOOD SERVICES 2140041 WILEY EDU LLC 1415 W 22ND ST OAK BROOK IL 60523 STUDENT RECRUITMENT 835687 FRED OLIVIERI CONSTRUCTION CO 6315 PROMWAY AVE NW NORTH CANTON OH 44720 CONSTRUCTION SERVICE 688829 TREE OF LIFE BOOKSTORES INC 1500 S WESTERN AVE MARION IN 46953 BOOKSTORE 478999 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 ENROLLMENT SERVICES 335216 15 499885 2834130 165303 3334015 TUITION, FEES, ETC 611710 35239809 35239809 AUXILIARY REVENUE 900099 5583431 5583431 PARKING FEES 812930 400 400 TESTING SERVICES 900099 15397 15397 TRANSCRIPT FEES 900099 11160 11160 147739 147739 40997936 619142 619142 0 0 0 0 0 7091124 7009098 82026 82026 82026 0 0 0 0 0 0 56345 0 56345 56345 0 45089464 41054281 701168 0 17695478 17695478 0 0 742475 97467 479740 165268 62771 62771 11140480 8638383 2226372 275725 64649 47527 14723 2399 3053431 2244754 695360 113317 785818 577700 178955 29163 23074 23074 56536 56536 130850 130850 0 0 72702 72702 1890521 1380917 436725 72879 1060431 438447 518855 103129 433042 190567 220043 22432 853813 213311 640502 0 1331079 713938 617141 538795 480213 43522 15060 0 86027 62897 22787 343 856389 856389 0 2356288 1735523 533779 86986 148838 148838 OTHER AUXILLARY 2482323 2482323 BAD DEBT 138194 138194 OTHER EDUCATION EXPENSE 169885 124245 45640 DUES/MEMBERSHIPS 119505 61542 57915 48 705874 611026 81557 13291 46999268 38853612 7245616 900040 9000 9000 7360060 9650953 539004 956351 1593065 1758773 0 0 0 0 1565036 1281519 0 0 1431582 1311363 95452749 57050371 39473647 38402378 14347313 13627219 0 0 0 0 0 0 1351422 1365714 67670129 68363270 2057124 2338999 0 0 3757239 6844495 0 0 0 0 0 0 11931029 11452562 0 0 4400849 4512303 22146241 25148359 X 18416533 17396012 27107355 25818899 45523888 43214911 67670129 68363270 X -1909804 -361426 -37747 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 19533427 470635 294682 485910 84916 57134 19670784 0.01000 0.85000 0.14000 false false 2146345 2146345 56161553 25672140 30489413 19886641 18732831 1153810 17258210 12645400 4612810 38402378 0 LINE OF CREDIT 4500000 CAPITAL LEASE OBLIGATION 12303 4512303 27032560 -361426 -361426 27393986 17695478 17695478 45089464 29303790 29303790 17695478 17695478 46999268 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 17,143,473 OUTSIDE SCHOLARSHIPS 552,005 TOTAL: $17,695,478 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 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 1211 17695478 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 183709 0 0 0 42000 0 16865 0 17439 0 260013 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 LIVES IN A UNIVERSITY OWNED HOUSE. THE FAIR MARKET VALUE OF THE HOUSING IS VALUED AT $42,000 PER YEAR. THIS BENEFIT DOES NOT MEET THE IRC SECT. 119 EXCLUSION AND, AS SUCH, IS INCLUDED AS TAXABLE COMPENSATION ON HIS W-2. CLEANING SERVICES FOR THE PRESIDENT'S RESIDENCE VALUED AT $2,250 ARE INCLUDED IN THE HOUSING ALLOWANCE HE RECEIVES. SCHEDULE J, PART I, LINE 4B DR. DAVID KING PARTICIPATES IN A 457(F) PLAN. DURING 2019, THERE WAS A $15,000 CONTRIBUTION TO THE PLAN BUT NO PAYOUTS. THE CONTRIBUTION IS PROPERLY REPORTED IN COLUMN (C) ON PT. II. 32000 SCHOLARSHIP SCHOLARSHIP 30800 TUITION REMISSION EDUCATIONAL JASON WYSE SON OF LAMAR WYSE 62771 COMPENSATION false SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 2140041 INDEPENDENT CONTRACTOR false X 1 98303 FMV X ONE ALLEN MDS- 25 ORGAN 1 12000 FMV X PREPARED MEALS 1 50000 FMV X ELECTRICAL SUPPLIES 1 5000 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 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 THE 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 DEANS 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 -$37,747