2019-04-22T12:20:23-05:00 2018-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2017-07-01 340737794 MALONE UNIVERSITY % DANIEL CRAWFORD STAFF ACCTN MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 DR DAVID KING PRESIDENT 3304718100 2018-11-15 true Anne E White P01708202 2604604000 167.68.126.162 35027420191125000009 2019-04-22 P 6A058C39C26708164050AFBA326B16431F08E27A E62D3E9192EDCEA2BE775E75256223EB92173934 2017 2019-02-21 02:37:17Z DAVID A KING 2600 CLEVELAND AVE NW CANTON OH 44709 80414402 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 25 953 10 0 0 3828980 4898270 44206618 43822801 724101 3105756 54399 63598 48814098 51890425 17637962 18562850 0 0 18797837 17791342 0 0 1033755 14435783 14275471 50871582 50629663 -2057484 1260762 67305486 69334457 18753931 21214966 48551555 48119491 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 35971517 18455835 37665762 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 51 UNDERGRADUATE MAJORS, 44 MINORS, AND 7 PRE-PROFESSIONAL PROGRAMS. FALL 2017 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 1,112, WITH A STUDENT TO FACULTY RATIO OF 12.5 TO 1. RESIDENT HEADCOUNT WAS 756 AND COMMUTER HEADCOUNT WAS 596. 2202348 1359362 NON-TRADITIONAL UNDERGRADUATE: CONTINUING STUDIES - MALONE UNIVERSITY OFFERS TWO DEGREE COMPLETION OPTIONS TO ADULT LEARNERS WITH PRIOR UNDERGRADUATE COURSEWORK: MMP (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 2017 MMP FTE ENROLLMENT WAS 63; HEADCOUNT WAS 110. 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 2017 BSNDC FTE ENROLLMENT WAS 19; HEADCOUNT WAS 23. 3010283 107015 4861275 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 2017 FTE GRADUATE ENROLLMENT WAS 289; HEADCOUNT WAS 395. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 41184148 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 false true false true false false false false false false false false true 68 0 953 true false false false false false true true false false false false X 30 25 false false false false false false false true true false false false true true true true true true true false OH X DANIEL CRAWFORD STAFF ACCTN 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 LYNN PIERCE TRUSTEE 1.0 0.0 X 0 0 0 DAVID RAWSON TRUSTEE 1.0 0.0 X 0 0 0 DAVID MURRAY CHAIR 1.0 0.0 X X 0 0 0 CHARLES BANCROFT TRUSTEE 1.0 0.0 X 0 0 0 PAMELA BURCH TRUSTEE 1.0 0.0 X 0 0 0 DENNIS SEAVER TRUSTEE 1.0 0.0 X 0 0 0 THOMAS CRAWFORD TRUSTEE 1.0 0.0 X 0 0 0 JANET CREIGHTON TRUSTEE 1.0 0.0 X 0 0 0 RONALD CROCK TRUSTEE 1.0 0.0 X 0 0 0 LORRAINE STEWART TRUSTEE 1.0 0.0 X 0 0 0 PETER FOWLER TRUSTEE 1.0 0.0 X 0 0 0 GEORGE SUTTON TRUSTEE 1.0 0.0 X 0 0 0 KEVIN HAMMONS TRUSTEE 1.0 0.0 X 0 0 0 SHARI HANSEN TRUSTEE 1.0 0.0 X 0 0 0 FLANVIS JOHNSON II TRUSTEE 1.0 0.0 X 0 0 0 EDWARD KAPRALY TRUSTEE 1.0 0.0 X 0 0 0 MARK ROSE TRUSTEE 1.0 0.0 X 0 0 0 TERRY MAGRO TRUSTEE 1.0 0.0 X 0 0 0 BRIAN MILLER TRUSTEE 1.0 0.0 X 0 0 0 LEON MILLER TRUSTEE 1.0 0.0 X 0 0 0 RHONDA MITCHELL TRUSTEE 1.0 0.0 X 0 0 0 MARTHA MOONEY TRUSTEE 1.0 0.0 X 0 0 0 DAVID A KING PRESIDENT 50.0 0.0 X X 208786 0 29284 LYNDON THOMAS TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW SUTTER TRUSTEE 1.0 0.0 X 0 0 0 LAMAR WYSE TRUSTEE 1.0 0.0 X 0 0 0 RODNEY NEUENSCHWANDER VICE CHAIR/TREASURER 1.0 0.0 X X 0 0 0 MERVIN YODER TRUSTEE 1.0 0.0 X 0 0 0 BRENDA SMITH SECRETARY 1.0 0.0 X X 0 0 0 ALICE WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER ABRAMS LEFT 917 VP FOR STUDENT AFFAIRS 50.0 0.0 X 79075 0 9403 ELAINE ARICK VP FOR FINANCE & BUS AFFAIRS 50.0 0.0 X 110774 0 14284 TIMOTHY A BRYAN CHIEF OF STAFF, VP ENROLL/MKTG 50.0 0.0 X 128758 0 6226 D NATE PHINNEY PROVOST 50.0 0.0 X 133430 0 14284 D MARK SEYMOUR VP ENROLLMENT & MARKETING 50.0 0.0 X 143895 0 588 BARBARA BUESCHER BEGAN 1217 VP ADVANCEMENT 50.0 0.0 X 34711 0 1196 STEPHEN WEINGART LEFT 1117 VP ADVANCEMENT 50.0 0.0 X 115859 0 539 DEBRA LEE DEAN, SCHOOL OF NSG & EDU 50.0 0.0 X 100188 0 14127 1055476 0 89931 7 false true false AVI FOOD SYSTEMS 2590 ELM RD NE WARREN OH 44483 FOOD SERVICE 2909048 TREE OF LIFE BOOKSTORES INC 1500 S WESTERN AVE MARION IN 46953 BOOKSTORE 496133 JENZABAR 1450 TECHNOLOGY DRIVE HARRISONBURG VA 22802 SOFTWARE 271392 WEGNER EXCAVATING INC 26 N COCHRAN ST DALTON OH 44618 EXCAVATING 1322115 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 ENROLLMENT SERVICES 399852 21 209397 4688873 1065152 4898270 TUITION, FEES, ETC 611710 36180551 36180551 AUXILIARY REVENUE 900099 7411839 7411839 PARKING FEES 812930 120938 120938 TESTING SERVICES 900099 23035 23035 TRANSCRIPT FEES 900099 14662 14662 71776 71776 43822801 692622 692622 0 0 0 0 0 30937111 28523977 2413134 2413134 2413134 0 0 0 0 0 0 63598 0 63598 63598 0 51890425 43886399 3105756 0 18562850 18562850 0 0 1333531 462798 686876 183857 0 0 0 12718175 9646072 2691558 380545 55552 40420 13020 2112 2762553 2010066 647475 105012 921531 670517 215984 35030 0 85867 85867 220984 220984 0 0 99254 99254 569942 392033 177909 1258474 1139687 68839 49948 852644 596584 205631 50429 1126879 695619 407633 23627 0 4487342 2653843 1745996 87503 1082360 881465 178730 22165 0 194432 76823 76750 40859 721308 721308 0 2529239 2186060 305316 37863 206647 26406 180241 BAD DEBT 130992 130992 OTHER EDUCATION EXPENSE 252417 222990 29427 MISCELLANEOUS EXPENSE 456690 67615 374270 14805 50629663 41184148 8411760 1033755 X 9135 9135 2775672 3609740 565795 415441 1519508 1527452 0 0 0 0 2005845 1789520 0 0 1238581 1431827 95027687 53521361 38705260 41506326 19175438 17725337 0 0 0 0 0 0 1310252 1319679 67305486 69334457 1556372 3109687 0 0 3652047 3619004 0 0 0 0 0 0 12303259 12301891 0 0 1242253 2184384 18753931 21214966 X 22747309 22166381 7086668 6933979 18717578 19019131 48551555 48119491 67305486 69334457 X 1260762 -1719073 26247 X false true X true true true X 20220336 383323 1656498 1070441 46221 60884 21082611 19670784 222757 1769680 989062 392715 61108 20220336 19533427 470635 294682 485910 84916 57134 19670784 20063429 531143 328751 1038081 296024 55791 19533427 18256912 155584 2362809 398331 263675 49870 20063429 0.84010 0.15990 false false 0 2146345 2146345 54847259 22831181 32016078 19676728 17510738 2165990 18357355 13179442 5177913 41506326 0 0 31547618 -1719073 -1719073 33266691 60884 18562850 18623734 51890425 32005929 32005929 60884 18562850 18623734 50629663 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 17,998,104 OUTSIDE SCHOLARSHIPS 564,746 TOTAL: $18,562,850 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. true SCHOLARSHIPS 1739 18562850 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 true true X X X false true false false false false false false false DAVID A KING PRESIDENT 202786 0 6000 15000 14284 238070 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 RECEIVES A $6,000 HOUSING ALLOWANCE EACH YEAR. THE ALLOWANCE DOES NOT MEET THE EXCLUSION UNDER IRC SECT. 119 AND AS A RESULT, IS INCLUDED ON THE PRESIDENT'S W-2. SCHEDULE J, PART I, LINE 4B DR. DAVID KING PARTICIPATES IN A 457(F) PLAN. DURING 2017, THERE WAS A $15,000 CONTRIBUTION TO THE PLAN BUT NO PAYOUTS. THE CONTRIBUTION IS PROPERLY REPORTED IN COLUMN (C) ON PT. II. 78900 SCHOLARSHIPS SCHOLARSHIPS ELIZABETH WEINGART SISTER IN LAW OF STEPHEN WEINGART 24492 COMPENSATION false TRACY MILLER BROTHER OF BRIAN MILLER 65000 COMPENSATION false DEBORAH ROBINSON SISTER OF DAVID MURRAY 56500 COMPENSATION false X 5 36223 FMV X SUPPLIES 2 962600 FMV X MUSICAL INSTRUMENTS 3 60000 FMV X BITCOIN 1 6329 FMV 1 false true true SCHEDULE M, PART I, LINE 31 HUNTINGTON BANK WAS USED TO LIQUIDATE STOCK GIFTS. BITPAY WAS USED TO LIQUIDATE BITCOIN GIFTS. UBS/COMERICA WAS USED TO LIQUIDATE ANNUITY GIFTS. 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. DAVID MURRAY, BRIAN MILLER, RHONDA MITCHELL, AND ALICE WILLIAMS ARE CONSIDERED NON-INDEPENDENT BOARD MEMBERS DUE TO TRANSACTIONS REPORTED ON SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 11B THE MALONE UNIVERSITY BOARD OF TRUSTEES REVIEWS A DRAFT OF FORM 990 EXCLUDING SCHEDULE B AND GIVES THEIR APPROVAL. A FINAL COPY OF FORM 990 EXCLUDING SCHEDULE B IS PROVIDED TO EACH BOARD MEMBER PRIOR TO SUBMISSION TO THE IRS BY THE AUDIT FIRM. 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 REBUTTABLE 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 X - RESTATEMENT THE UNIVERSITY PREVIOUSLY DID NOT RECORD ASSETS RELATED TO TWO PERPETUAL TRUSTS WHICH INCLUDE THE UNIVERSITY AS A NAMED BENEFICIARY. AS A RESULT, THE PRIOR YEAR FINANCIAL STATEMENTS HAVE BEEN RESTATED. THE PRIOR YEAR BALANCES ON PART X HAVE BEEN UPDATED TO REFLECT THIS RESTATEMENT. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF BENEFICIAL INTERESTS $26,247