2018-02-28T12:28:53-06:00 2017-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2016-07-01 340737794 MALONE UNIVERSITY % ELAINE C ARICK MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 ELAINE C ARICK VP FOR FINANCE & BUS 3304718100 2018-05-15 true Lauren R Denton P01571860 2604604000 167.68.126.162 35027420180595000013 2018-02-28 P 85C0DDD48AC871AA7B262362186E0C9B57AAF5F1 62666A503A81B2947B682265DE4EC8DF4B46B90C 2016 2021-01-29 14:40:06Z DAVID A KING 2600 CLEVELAND AVE NW CANTON OH 44709 52977178 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. 26 25 1055 10 0 0 2840485 3828980 44018278 44206618 333406 724101 54504 54399 47246673 48814098 16878561 17637962 0 0 17587819 18797837 0 0 1214941 15194279 14435783 49660659 50871582 -2413986 -2057484 67948297 66303533 19669717 19033239 48278580 47270294 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 36795237 17587239 37046471 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 2016 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 1,107, WITH A STUDENT TO FACULTY RATIO OF 11.3 TO 1. RESIDENT HEADCOUNT WAS 778 AND COMMUTER HEADCOUNT WAS 551. 1909069 2027155 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 2016 MMP FTE ENROLLMENT WAS 99; HEADCOUNT WAS 128. 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 2016 BSNDC FTE ENROLLMENT WAS 12; HEADCOUNT WAS 16. 2797202 50723 5187391 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), NURSING (MSN), COUNSELING (MAED), AND ORGANIZATIONAL LEADERSHIP (MAOL). FALL 2016 FTE GRADUATE ENROLLMENT WAS 290; HEADCOUNT WAS 378. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 41501508 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 false true true true true false false false false false false false false true 59 0 true 1055 true false false false false false true true false false false false X 26 25 false false false false false false false true true false false false true true true true true true true false OH X ELAINE C ARICK 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 CHARLES BANCROFT TRUSTEE 1.0 0.0 X 0 0 0 JANET CREIGHTON TRUSTEE 1.0 0.0 X 0 0 0 WAYNE EVANS TRUSTEE 1.0 0.0 X 0 0 0 SHARI HANSEN TRUSTEE 1.0 0.0 X 0 0 0 DAVID LINTON TRUSTEE 1.0 0.0 X 0 0 0 TERRY MAGRO 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 LYNN PIERCE TRUSTEE 1.0 0.0 X 0 0 0 DAVID RAWSON TRUSTEE 1.0 0.0 X 0 0 0 FRANK RAYMOND TRUSTEE 1.0 0.0 X 0 0 0 MARK ROSE TRUSTEE 1.0 0.0 X 0 0 0 LORRAINE STEWART TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW SUTTER TRUSTEE 1.0 0.0 X 0 0 0 GEORGE SUTTON TRUSTEE 1.0 0.0 X 0 0 0 LYNDON THOMAS TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM THORLA TRUSTEE 1.0 0.0 X 0 0 0 LAMAR WYSE TRUSTEE 1.0 0.0 X 0 0 0 MERVIN YODER TRUSTEE 1.0 0.0 X 0 0 0 DAVID A KING PRESIDENT 50.0 0.0 X X 201987 0 28819 THOMAS CRAWFORD TRUSTEE 1.0 0.0 X 0 0 0 RONALD CROCK TRUSTEE 1.0 0.0 X 0 0 0 LEON MILLER TRUSTEE 1.0 0.0 X 0 0 0 DAVID MURRAY CHAIR 1.0 0.0 X X 0 0 0 RODNEY NEUENSCHWANDER VICE CHAIR/TREASURER 1.0 0.0 X X 0 0 0 BRENDA SMITH SECRETARY 1.0 0.0 X X 0 0 0 STEPHEN WEINGART VP ADVANCEMENT 50.0 0.0 X 125212 0 646 CHRISTOPHER ABRAMS VP FOR STUDENT AFFAIRS 50.0 0.0 X 108040 0 13819 ELAINE ARICK VP FOR FINANCE & BUS AFFAIRS 50.0 0.0 X 102399 0 13762 TIMOTHY A BRYAN CHIEF OF STAFF, VP ENROLL/MKTG 50.0 0.0 X 126325 0 6069 D NATE PHINNEY PROVOST 50.0 0.0 X 124897 0 13819 D MARK SEYMOUR STARTED 816 VP ENROLLMENT & MARKETING 50.0 0.0 X 62396 0 158 DEBRA LEE DEAN, SCHOOL OF NSG & EDU 50.0 0.0 X 100048 0 13658 951304 0 90750 7 false true false AVI FOOD SYSTEMS 2590 ELM RD NE WARREN OH 44483 FOOD SERVICE 2871628 TREE OF LIFE BOOKSTORES INC 4601 S WESTERN AVE MARION TN 46953 BOOKSTORE 328435 JENZABAR 1450 TECHNOLOGY DRIVE HARRISONBURG VA 22802 SOFTWARE 547689 LEARNING HOUSE INC 427 S 4TH ST STE 300 LOUISVILLE KY 40202 ONLINE LEARNING 460290 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 ENROLLMENT SERVICES 545972 26 453404 3375576 39868 3828980 TUITION, FEES, ETC 611710 36513999 36513999 AUXILIARY REVENUE 900099 7418867 7418867 PARKING FEES 812930 105608 105608 TESTING SERVICES 900099 29065 29065 TRANSCRIPT FEES 900099 12418 12418 126661 126661 44206618 509242 509242 0 0 0 0 0 4377939 4163080 214859 214859 214859 0 0 0 0 0 0 54399 0 54399 54399 0 48814098 44261017 724101 0 17637962 17637962 0 0 1203570 481616 561641 160313 0 13444304 10272826 2688207 483271 0 3177250 2353707 689549 133994 972713 720586 211105 41022 0 55092 55092 256040 256040 0 0 81108 81108 732757 504239 228518 863481 664247 132813 66421 1069773 780630 230355 58788 1748758 1097873 609978 40907 0 3945475 2537361 1311226 96888 1059936 865487 169105 25344 0 183812 68668 64813 50331 707329 707329 0 2657605 2301940 309308 46357 227972 55175 172797 BAD DEBT 47410 47410 OTHER EDUCATION EXPENSE 432145 404452 27693 MISCELLANEOUS EXPENSE 367090 355785 11305 50871582 41501508 8155133 1214941 X 9135 9135 3464906 2775672 135994 565795 1457415 1519508 0 0 0 0 2202415 2005845 0 0 2543541 1517889 89711803 51006543 40086741 38705260 17587014 19175438 0 0 0 0 0 0 461136 28991 67948297 66303533 2116187 1556372 0 0 3500898 3652047 0 0 0 0 0 0 12900000 12582567 0 0 1152632 1242253 19669717 19033239 X 25727599 22747309 5337421 7086668 17213560 17436317 48278580 47270294 67948297 66303533 -2057484 1049198 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 17155644 360465 1583923 438192 341888 63040 18256912 0.86230 0.13770 false false 2146345 2146345 54213028 21440593 32772435 19015463 16759835 2255628 14336967 12806115 1530852 38705260 0 0 32164226 1049198 1049198 31115028 61108 17637962 17699070 48814098 33172512 33172512 61108 17637962 17699070 50871582 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 17,088,786 OUTSIDE SCHOLARSHIPS 549,176 TOTAL: $17,637,962 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 CARRIED IN WRITTEN FORM IN THE UNIVERSITY CATALOG, ON ALL ADMISSIONS DOCUMENTS AND OTHER DOCUMENTS DISEMINATED 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 1630 17637962 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 X false true false false false false false false false DAVID A KING PRESIDENT 195987 0 6000 15000 13819 230806 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 2016, THERE WAS A $15,000 CONTRIBUTION TO THE PLAN BUT NO PAYOUTS. THE CONTRIBUTION IS PROPERLY REPORTED IN COLUMN (C) ON PT. II. ELIZABETH WEINGART SISTER IN LAW OF STEPHEN WEINGART 24066 COMPENSATION false X 2 34868 FMV X SUPPLIES 1 5000 FMV false true true SCHEDULE M, PART I, LINE 31 USE STOCK BROKERS TO SELL GIFTS OF STOCK WITH DONATIONS SENT TO THE UNIVERSITY. 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. 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 recorded an asset related to a pooled health insurance plan that was overvalued in 2016. As a result, the prior year financial statements have been restated. The prior year expenses on part i and prior year balances on Pt. X have been updated to reflect this restatement.