2025-11-10T11:00:29-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2022-07-01 310970262 MARTIN UNIVERSITY MART 3179173623 2186 NORTH SHERMAN DRIVE INDIANAPOLIS IN 46218 DR SEAN L HUDDLESTON PRESIDENT & CEO 3179173623 2025-11-07 1 1 REBECCA DETTMANN CPA P01408585 3037795710 2025-11-05 2022 2025-03-06 01:10:19Z DR SEAN L HUDDLESTON 2186 NORTH SHERMAN DRIVE INDIANAPOLIS IN 46218 4796012 0 X WWW.MARTIN.EDU X 1979 IN TO MAKE HIGHER EDUCATION AVAILABLE TO ALL WHO CAN BENEFIT. 19 17 107 13 0 0 3868385 2519728 2392470 2081470 275722 -38452 4533 -144665 6541110 4418081 294276 526394 0 0 3520621 3611273 0 0 302032 3221141 2767269 7036038 6904936 -494928 -2486855 9957264 7300873 2133260 1963724 7824004 5337149 TO MAKE HIGHER EDUCATION AVAILABLE TO ALL WHO CAN BENEFIT. MARTIN UNIVERSITY SERVES MINORITY, LOW INCOME AND ADULT LEARNERS IN A HEALING AND FREEDOM-MINDED ENVIRONMENT. 0 0 5768086 526394 2081470 PRIVATE COLLEGE EDUCATION WHICH INCLUDES A FOUR YEAR LIBERAL ARTS PROGRAM TO APPROXIMATELY 500 STUDENTS ANNUALLY. 5768086 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 233 0 1 107 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 17 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 0 0 IN X DR SEAN HUDDLESTON 3179173623 2186 SHERMAN DRIVE INDIANAPOLIS IN 46218 JOSEPH PERKINS JR CHAIR 2.00 X X 0 0 0 MAX SIEGEL VICE-CHAIR 2.00 X X 0 0 0 TERRY MORRIS SECRETARY 2.00 X X 0 0 0 BRUCE BUCHANAN TREASURER 2.00 X X 0 0 0 IVAN BAIRD JR TRUSTEE 2.00 X 0 0 0 DOUG BOWEN TRUSTEE 2.00 X 0 0 0 JEAN D BREAUX TRUSTEE 2.00 X 0 0 0 FELICIA BROKAW TRUSTEE 2.00 X 0 0 0 COLETTE PIERCE BURNETTE TRUSTEE 2.00 X 0 0 0 BISHOP LAMBERT GATES SR TRUSTEE 2.00 X 0 0 0 BRIAN HARRINGTON TRUSTEE 2.00 X 0 0 0 LISA HARRIS TRUSTEE 2.00 X 0 0 0 TIMOTHY HARRIS TRUSTEE 2.00 X 0 0 0 RICHARD HUNTER TRUSTEE 2.00 X 0 0 0 RAMON MORRISON TRUSTEE 2.00 X 0 0 0 PATRICIA ANN PAYNE TRUSTEE 2.00 X 0 0 0 DANIEL PORTEE TRUSTEE 2.00 X 0 0 0 HEIDI RIES TRUSTEE 2.00 X 0 0 0 AHMED YOUNG TRUSTEE 2.00 X 0 0 0 DR SEAN L HUDDLESTON PRESIDENT & CEO 40.00 X 198293 0 3580 198293 0 3580 1 0 1 0 ROBERT HALF 12400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 EMPLOYMENT SERVICES 243639 1 28240 73982 2417506 18225 2519728 TUITION AND FEES 611310 2081470 2081470 2081470 5063 5063 69359 112874 -43515 -43515 -43515 102028 28240 265057 -163029 -163029 OTHER REVENUE 900099 18364 18364 18364 4418081 2081470 0 -183117 X 526394 526394 226264 113132 113132 2534335 2437627 96708 241249 225363 15886 609425 540631 53392 15402 3221 3221 738698 639570 46334 52794 96059 75622 13051 7386 6267 3177 974 2116 175596 141362 25622 8612 219713 136294 68761 14658 32274 27122 4025 1127 65005 52332 9485 3188 50524 40674 7372 2478 396360 218403 153690 24267 301094 195996 93736 11362 ACADEMIC EXPENSES 414215 298004 81224 34987 BAD DEBT 160501 131631 24965 3905 OTHER EDUCATION 99754 71453 22074 6227 PROFESSIONAL DEVEL. 4838 3895 706 237 3150 2536 460 154 6904936 5768086 834818 302032 1642 2527 2218800 44654 43498 1388 83700 157569 148036 74557 14187734 7167556 7461588 7020178 9957264 7300873 755020 505241 118481 114360 797500 630961 310000 353217 297795 109042 105367 2133260 1963724 X 4563688 2434159 3260316 2902990 7824004 5337149 9957264 7300873 -2486855 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 733441 733441 733441 733441 733441 733441 691941 41500 733441 570941 121000 691941 0.00000 1.00000 0.00000 0 0 885533 885533 10999168 5091319 5907849 2255413 2032784 222629 47620 43453 4167 7020178 DUE ON SPLIT INTEREST AGREEMENT 105367 105367 X 4156744 -261337 -261337 4418081 0 4418081 6643599 0 6643599 261337 261337 6904936 PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED FOR THE MISSION OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION FOR BOTH FEDERAL AND STATE INCOME TAX PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE UNIVERSITY AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR ENDED JUNE 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS -526,394. FUNDRAISING EXPENSE 265,057. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS 526,394. FUNDRAISING EXPENSE -265,057. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MARTIN UNIVERSITY USES ITS WEBSITE AND MEDIA ADVERTISEMENTS THAT CONTAIN THE STATEMENT "OPEN ENROLLMENT". THE NONDISCRIMINATION POLICY IS ALSO PRINTED IN THE UNIVERSITY HANDBOOK. THE ORGANIZATION IS CURRENTLY WORKING ON MOVING ITS RACIALLY NONDISCRIMINATORY POLICY TO THE ORGANIZATION'S INTERNET HOME PAGE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED TITLE IV FUNDS FOR STUDENT AID AND OTHER DIRECT FUNDS FROM THE US DEPARTMENT OF EDUCATION. EMPOWERING EXCELLENCE GALA 114618 18225 96393 18225 54182 44890 125082 FIRST LADY'S TEA 15650 10015 5635 5635 17043 130268 28240 102028 18225 59817 44890 142125 265057 -163029 1 SCHOLARSHIPS 156 526394 0 N/A N/A PART I, LINE 2: MARTIN UNIVERSITY AWARDS FINANCIAL AID AND SCHOLARSHIPS BASED ON MERIT AND NEED. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES TO ALL FEDERAL AND STATE REGULATIONS. THE UNIVERSITY AWARDS THE HEERF STUDENT FUNDS AS DIRECTED BY THE FEDERAL REQUIREMENTS. X 1 1 X X X 0 1 0 0 0 0 0 0 0 DR SEAN L HUDDLESTON PRESIDENT & CEO 183818 0 8475 0 6000 0 0 0 3580 0 201873 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE UNIVERSITY, DR. SEAN HUDDLESTON, IS PROVIDED A HOUSING ALLOWANCE OF $6,000 WHICH IS INCLUDED IN HIS TAXABLE COMPENSATION FOR CALENDAR YEAR 2022. PART I, LINE 4B IN 2022, THE ORGANIZATION CONTRIBUTED $0 TO DR. SEAN HUDDLESTONE'S 457(F). NO AMOUNTS VESTED OR WERE DISTRIBUTED IN 2022. A INDIANA FINANCE AUTHORITY 351904483 2016-07-28 1655000 REFINANCE FOR AN EDUCATIONAL FACILITY 0 0 0 A 1001271 1655000 1655000 2016 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 BRUCE BUCHANAN BOARD MEMBER OPERATIONAL SUPPORT X 330000 210000 0 1 1 TIMOTHY HARRIS BOARD MEMBER OPERATIONAL SUPPORT X 100000 100000 0 1 1 310000 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE ELECTED EACH YEAR AT THE ANNUAL MEETING OF THE BOARD AND SHALL CONSIST OF THE CHAIRPERSON OF THE BOARD, THE PRESIDENT OF THE UNIVERSITY, VICE-CHAIRPERSON, SECRETARY, AND TREASURER. THREE (3) VOTING MEMBERS SHALL CONSTITUTE A QUORUM AT EXECUTIVE COMMITTEE MEETINGS. THE COMMITTEE SHALL, DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD, POSSESS AND MAY EXERCISE ALL OF THE POWERS OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION, EXCEPT AS TO SUCH MATTERS, WHICH THE BOARD MAY, BY RESERVATION, EXPRESSLY RESERVE TO ITSELF. ALL ACTION BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD IN WRITING AT ITS MEETING NEXT SUCCEEDING SUCH ACTION AND SHALL BE SUBJECT TO REVISION AND ALTERATION BY THE BOARD, PROVIDED THAT NO RIGHTS OF THIRD PERSONS SHALL BE AFFECTED BY ANY SUCH REVISIONS OR ALTERATIONS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED MANAGEMENT DUTIES TO BILL NEWELLS AND PAID ROBERT HALF $139,781 FOR HIS SERVICES FOR CALENDAR 2022. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATIONS INDEPENDENT CPA WITH INFORMATION PROVIDED BY MANAGEMENT. THE PREPARED RETURN IS REVIEWED BY THE CHIEF FINANCIAL OFFICER BEFORE A COPY IS PROVIDED TO THE BOARD OF TRUSTEES TO REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES USES COMPARABILITY DATA TO SET THE COMPENSATION OF THE UNIVERSITY PRESIDENT. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 639,570. MANAGEMENT AND GENERAL EXPENSES 46,334. FUNDRAISING EXPENSES 52,794. TOTAL EXPENSES 738,698. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.