2020-07-15T13:54:11-05:00 2019-05-31 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE STE 2700 BLACKSBURG VA 24060 990 2018-06-01 560554207 MARS HILL UNIVERSITY MARS 8286891111 PO BOX 370 MARS HILL NC 28754 RANDELL N TILLEY VP OF FINANCE 8286891100 2020-07-13 1 MARK WOOLWINE P00647446 5404433606 2020-07-13 206.248.228.130 2020-07-13 22:50:50 ED P 1626BA036CF3DDA5592C13B1B33E888B46C24478 5B497C3DF04A41B4A60926F5A5A12DD5B0E0606C 2018 2021-01-29 14:40:06Z ANTHONY FLOYD 100 ATHLETIC STREET MARS HILL NC 28754 61913122 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. 30 30 1038 30 43518 42518 4016941 11733981 45784284 42946956 255685 2069588 86202 254311 50143112 57004836 21944588 20907601 0 0 17177695 17566503 0 0 1143739 15947059 14543495 55069342 53017599 -4926230 3987237 146031197 147318547 55125827 54284258 90905370 93034289 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 41427025 20907601 33237706 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 8977471 ACADEMIC SUPPORT - SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF EDUCATION. 519846 821267 PUBLIC SERVICE - ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES TO GROUPS EXTERNAL TO THE UNIVERSITY. 42993399 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 134 0 1 1038 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X RANDELL N TILLEY 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 TREASURER 1.00 X 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 TRUSTEE 1.00 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 SECRETARY 1.00 X X 0 0 0 MICHAEL CRANFORD TRUSTEE 1.00 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 JEAN S FREEMAN 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 HAROLD H BUD HUGHES 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 TONY FLOYD PRESIDENT 60.00 X 117042 0 10487 RANDELL N TILLEY VP-FINANCE 50.00 X 111365 0 13255 HAROLD G CHRISTMAN VP-INSTITUTIONAL ADVANCEME 45.00 X 112512 0 13108 340919 0 36850 3 0 0 0 H&M CONSTRUCTORS 187 DEAVERVIEW ROAD ASHEVILLE NC 28806 CONSTRUCTION SERVICES 4621727 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 DINING HALL SERVICES 2643720 MBS DIRECT LLC 2711 WEST ASH ST COLUMBIA MO 65203 TESTBOOK DISTRIBUTOR 541229 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 CONSULTING SERVICES 317021 LEGERTON ARCHITECTURE INC 21 NORTH LIBERTY ST ASHVILLE NC 28801 ARCHITECT SERVICES 159155 7 1070308 10663673 60986 11733981 TUITION AND FEES 611310 33237706 33237706 RESIDENCE HALLS 721310 7596649 7596649 OTHER 900099 821267 821267 CONFERENCES 900099 779563 779563 CAFETERIA INCOME 611710 276237 276237 235534 235534 42946956 334910 43518 291392 115279 0 115279 115279 115279 6642964 4858742 49544 1784222 -49544 1734678 -49544 1784222 MISCELLANEOUS INCOME 900099 139032 139032 139032 57004836 43036444 43518 2190893 20907601 20907601 350895 106146 244749 13635051 10983034 1919815 732202 538079 538079 2108092 103718 2004374 934386 934386 800163 211963 581639 6561 262508 86680 71061 104767 2133378 1484618 409182 239578 423025 112059 307497 3469 1570585 1442425 128160 1207895 1025986 131540 50369 1447671 1447671 2665949 2444675 221274 734150 734150 CAFETERIA EXPENSE 2057288 2057288 EQUIP RENTAL & MAINTENA 758214 390556 367279 379 BAD DEBT EXPENSE 271923 271923 BOOKSTORE EXPENSE 123954 123954 86792 65025 15353 6414 53017599 42993399 8880461 1143739 5640296 5915657 2004159 1313123 615633 881923 1446542 1931139 339585 327621 90105 96305 120121658 45663766 70707383 74457892 1674958 2033452 50344617 47623001 13167919 12738434 146031197 147318547 3962584 4038094 1015726 789416 47662481 47198818 2485036 2257930 55125827 54284258 X 14148062 16792601 23458009 19249049 53299299 56992639 90905370 93034289 146031197 147318547 X 3987237 -1971599 5100 108181 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51356035 5129566 -104582 4755998 51625021 47101787 1595474 4590126 1931352 51356035 41508613 1976943 6603864 2987642 47101778 46146662 2057333 -2828513 1466869 2400000 41508613 43722136 1026612 2786886 1388972 46146662 0.97310 0.02690 0 0 1599148 1599148 89507148 28745453 60761695 12315631 11221261 1094370 16699731 5697052 11002679 74457892 REAL ESTATE INVESTMENT TRUSTS 1070603 F ALTERNATIVE INVESTMENTS 45342453 F REAL ESTATE 1209945 F 47623001 BENEFICIAL INTERESTS IN TRUSTS 11744579 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 983187 OTHER ASSETS 10668 12738434 POST RETIREMENT BENEFIT OBLIGATION 1156775 REFUNDABLE ADVANCES FROM DEPARTMENT OF EDUCATION 565107 ANNUITIES PAYABLE 536048 2257930 X 34238917 -1971599 5100 108181 -1858318 36097235 20907601 20907601 57004836 32109998 0 32109998 20907601 20907601 53017599 PART V, LINE 4: TO SUPPORT THE INSTITUTION IN PERPETUITY FOR SCHOLARSHIPS, LECTURESHIPS, AND VARIOUS OTHER OPERATIONS AND BUILDINGS ON CAMPUS. PART X, LINE 2: THE FEDERAL FORM 990S OF THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -63,000. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATIONS 171,181. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 20,907,601. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 20,907,601. 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. LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID THE UNIVERSITY RECEIVED STUDENT FINANCIAL AID GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 22979234 0 0 0 0 0 0 22979234 0 22979234 1 0 1 1 1 0 PART I, LINE 3: THE AMOUNT REPORTED ON PART I, LINE 3, COLUMN (F) REPRESENTS THE FAIR MARKET VALUE OF INVESTMENTS HELD AT THE END OF THE YEAR. 1 TUITION DISCOUNTS/SCHOLARSHIPS 937 20907601 PART I, LINE 2: THE PROCESS FOR MONITORING THE USE OF TUITION DISCOUNT OR GRANTS/SCHOLARSHIP FUNDS AT MARS HILL UNIVERSITY INCLUDES THE USE OF A MATRIX THAT LIMITS AND DETERMINES THE AMOUNT OF ACADEMIC SCHOLARSHIP AWARDED WITH A MAXIMUM OF $19,500. THE DEAN OF ADMISSIONS AND FINANCIAL AID AND THE DIRECTOR OF FINANCIAL AID MEET MONTHLY TO REVIEW THE CURRENT AMOUNT OF TUITION DISCOUNT OR GRANTS/SCHOLARSHIPS BEING AWARDED TO ENSURE THAT THE UNIVERSITY STAYS WITHIN BUDGET. TUITION DISCOUNT, GRANT AND SCHOLARSHIP REPORTS ARE SUBMITTED TO THE PRESIDENT ON A REGULAR BASIS. THE BUDGET FOR THESE GRANTS IS APPROVED BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. THE DEAN OF ADMISSIONS AND FINANCIAL AID AND THE DIRECTOR OF FINANCIAL AID MONITOR ALL TUITION DISCOUNT FINANCIAL AID AWARDS PRIOR TO THE AWARD LETTER BEING MAILED. ATHLETIC GRANTS ARE MONITORED BY COACHES AND THE ATHLETIC DIRECTOR WITH STRICT GUIDELINES ESTABLISHED BY THE NCAA. THE ATHLETIC DIRECTOR REPORTS REGULARLY TO THE PRESIDENT OF THE UNIVERSITY THE AMOUNT OF TUITION DISCOUNT ATHLETIC GRANTS AWARDED BY EACH TEAM PER YEAR. X 1 1 X X X 0 0 0 0 0 0 0 0 0 X 2 60986 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 CONFILCT OF INTEREST REQUIREMENT. IN THE EVENT THAT A POTENTIAL CONFLUC ARISES DURING THE EYEAR, 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 171,181. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -63,000. FORM 990, PART XII, LINE 2C THERE IS AN AUDIT COMMITTEE COMPRISED OF TRUSTEES THAT HAS RESPONSIBILITY FOR THE RECOMENDATION OF THE AUDITORS, OVERSIGHT OF THE AUDIT, AS WELL AS THE COMMUNICATION RESPONSIBILITY WITH THE AUDITORS. CHARITABLE REMAINDER UNITRUST (8) TRUST NC MARS HILL UNIVERSITY T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0