2017-01-12T11:05:09-06:00 2016-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2015-07-01 340737794 MALONE UNIVERSITY % ELAINE C ARICK MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 ELAINE C ARICK VP FOR FINANCE & BUS 3304718100 2016-11-15 true Joyce A Dulworth P00151125 2604604000 2015 2017-02-10 21:41:12Z DAVID A KING 2600 CLEVELAND AVE NW CANTON OH 44709 51102768 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. 31 31 1167 10 0 0 2675903 2840485 46894080 44018278 1060288 333406 45680 54504 50675951 47246673 18196677 16878561 0 0 21023531 17587819 0 0 1196202 14250295 14187587 53470503 48653967 -2794552 -1407294 69642105 68954989 19096098 19669717 50546007 49285272 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 34927277 16811679 36051536 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 48 UNDERGRADUATE MAJORS, 44 MINORS, AND 7 PRE-PROFESSIONAL PROGRAMS. FALL 2015 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 1,128, WITH A STUDENT TO FACULTY RATIO OF 12.2 TO 1. RESIDENT HEADCOUNT WAS 769 AND COMMUTER HEADCOUNT WAS 615. 1893863 0 2600294 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 2015 MMP FTE ENROLLMENT WAS 128; HEADCOUNT WAS 157. 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 2015 BSNDC FTE ENROLLMENT WAS 17; HEADCOUNT WAS 23. 2882483 66882 5420952 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 2015 FTE GRADUATE ENROLLMENT WAS 285; HEADCOUNT WAS 359. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 39703623 true true false true 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 false false false true false false false false false false false false true 76 0 true 1167 true false false false false false true true false false false false X 31 31 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 I BANCROFT TRUSTEE 1.0 0.0 X 0 0 0 THOMAS L CRAWFORD TRUSTEE 1.0 0.0 X 0 0 0 RONALD D CROCK MD TRUSTEE 1.0 0.0 X 0 0 0 WAYNE E EVANS TRUSTEE 1.0 0.0 X 0 0 0 CECILE E FRANSMAN TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN A GRAENING TRUSTEE 1.0 0.0 X 0 0 0 RB HOLMES JR TRUSTEE 1.0 0.0 X 0 0 0 WAYNE F ICKES TRUSTEE 1.0 0.0 X 0 0 0 RODNEY L NEUENSCHWANDER TRUSTEE 1.0 0.0 X 0 0 0 LYNN A PIERCE TRUSTEE 1.0 0.0 X 0 0 0 DAVID P RAWSON TRUSTEE 1.0 0.0 X 0 0 0 FRANK R RAYMOND TRUSTEE 1.0 0.0 X 0 0 0 MARK N ROSE TRUSTEE 1.0 0.0 X 0 0 0 BRENDA K SMITH TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW C SUTTER TRUSTEE 1.0 0.0 X 0 0 0 GEORGE E SUTTON TRUSTEE 1.0 0.0 X 0 0 0 DANIEL H LAHAIE TRUSTEE 1.0 0.0 X 0 0 0 DAVID K LINTON TRUSTEE 1.0 0.0 X 0 0 0 LORRAINE LOCKHART TRUSTEE 1.0 0.0 X 0 0 0 ERIC J LUND TRUSTEE 1.0 0.0 X 0 0 0 TERRY C MAGRO TRUSTEE 1.0 0.0 X 0 0 0 NADINE MCILWAIN-MASSEY TRUSTEE 1.0 0.0 X 0 0 0 RHONDA J MITCHELL TRUSTEE 1.0 0.0 X 0 0 0 MARTHA L MOONEY TRUSTEE 1.0 0.0 X 0 0 0 DAVID P MURRAY TRUSTEE 1.0 0.0 X 0 0 0 LYNDON M THOMAS TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM H THORLA TRUSTEE 1.0 0.0 X 0 0 0 LAMAR L WYSE TRUSTEE 1.0 0.0 X 0 0 0 MERVIN C YODER TRUSTEE 1.0 0.0 X 0 0 0 KEVIN M YOUNG TRUSTEE 1.0 0.0 X 0 0 0 H DAVID BRANDT PHD TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER ABRAMS VP FOR STUDENT AFFAIRS 50.0 0.0 X 107950 0 17220 JOY BRATHWAITE VP FOR FINANCE & BUS AFFAIRS 50.0 0.0 X 120414 0 17220 TIMOTHY A BRYAN CHIEF OF STAFF, VP ENROLL/MKTG 50.0 0.0 X 121470 0 7457 DAVID A KING PRESIDENT 50.0 0.0 X 201669 0 56154 D NATE PHINNEY INTERIM PROVOST 50.0 0.0 X 98080 0 17110 DONALD TUCKER PROVOST - LEFT 7/15 50.0 0.0 X 77929 0 9956 STEPHEN WEINGART VP ADVANCEMENT 50.0 0.0 X 125204 0 646 ELAINE ARICK INTERIM VP FINANCE/BUS AFFAIRS 50.0 0.0 X 67638 0 16864 HOWARD TAYLOR SENIOR GIFTS OFFICER 50.0 0.0 X 111865 0 11409 1032219 0 154036 6 false true false AVI FOOD SYSTEMS 2590 ELM RD NE WARREN OH 44483 FOOD SERVICE 2498045 TREE OF LIFE BOOKSTORES INC 4601 S WESTERN AVE MARION TN 46953 BOOSTORE 336276 JENZABAR 1450 TECHNOLOGY DRIVE HARRISONBURG VA 22802 SOFTWARE 271486 LEARNING HOUSE INC 427 S 4TH ST STE 300 LOUISVILLE KY 40202 ONLINE LEARNING 430450 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 ENROLLMENT SERVICES 244117 21 388778 2451707 140562 2840485 TUITION, FEES, ETC 611710 36433552 36433552 AUXILIARY REVENUE 900099 7288521 7288521 PARKING FEES 812930 107613 107613 OCP NON TUITION 900099 42734 42734 TESTING SERVICES 900099 27835 27835 118023 118023 44018278 188395 188395 0 0 0 0 0 4001106 3856095 145011 145011 145011 0 0 54504 54504 54504 0 47246673 44072782 333406 0 16878561 16878561 0 0 1086596 289296 642648 154652 0 13359084 10251660 2610330 497094 0 2110610 1554318 464049 92243 1031529 759650 226797 45082 0 34852 34852 272851 272851 9000 9000 0 67786 67786 814918 639489 150941 24488 1051175 594463 410136 46576 1003666 723499 244002 36165 1303304 830072 421749 51483 0 3717506 2651655 929232 136619 970598 656512 314086 0 180484 69476 60741 50267 664433 664433 0 2840796 2458871 330572 51353 254229 81487 172742 BAD DEBT 77657 77657 OTHER EDUCATION EXPENSE 517897 500500 17397 BOND EXPENSE 2088 2088 MISCELLANEOUS EXPENSE 404347 19936 374231 10180 48653967 39703623 7754142 1196202 9135 9135 3935093 3464906 317357 135994 1581745 1457415 22513 0 0 0 2039271 2202415 0 0 2565423 3550233 88435679 48348938 40571104 40086741 18256918 17587014 0 0 0 0 0 0 343546 461136 69642105 68954989 3371480 2116187 0 0 3214735 3500898 0 0 0 0 0 0 11935640 12900000 0 0 574243 1152632 19096098 19669717 X 28183832 26734291 5609151 5337421 16753024 17213560 50546007 49285272 69642105 68954989 X -1407294 -219011 365570 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false true 9000 9000 false false PART II-B, LINE 1I MALONE UNIVERSITY PAID A LOBBYIST TO REPRESENT THE UNIVERSITY IN LEGISLATURE WITH RESPECTS TO EDUCATIONAL ISSUES AFFECTING THE HIGHER EDUCATION INDUSTRY. 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 17816310 206186 47348 535381 312977 65842 17155644 0.87500 0.12500 false false 2146345 2146345 54036907 20049402 33987505 18238000 15977256 2260744 14014427 12322280 1692147 40086741 0 0 30092315 -219011 -219011 30311326 56786 16878561 16935347 47246673 31718620 31718620 56786 16878561 16935347 48653967 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, LINE 4B FINANCIAL AID 16,355,173 OUTSIDE SCHOLARSHIPS 523,388 TOTAL: $16,878,561 PART XII, LINE 4B FINANCIAL AID 16,355,173 OUTSIDE SCHOLARSHIPS 523,388 TOTAL: $16,878,561 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 & HUMAN SERVICES, THE DEPARTMENT OF VETERAN'S AFFAIRS, AND THE CORPORATION FOR NATIONAL & 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 1733 16878561 SCHEDULE I, PART I, LINE 2 GRANTS & 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 190000 0 0 0 11669 0 38160 0 17994 0 257823 0 38160 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. SCHEDULE J, PART I, LINE 4B IN 2015, MALONE UNIVERSITY CONTRIBUTED ON BEHALF OF DR. DAVID KING $15,000 TO A PLAN SUBJECT TO SECTION 457(F). DAVID KING BECAME FULLY VESTED AND RECEIVED A PAYMENT OF $38,160. X 9 104132 FMV X PIANOS 3 27140 APPRAISER X STEEL DRUMS 1 9290 APPRAISER 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 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 XI, LINE 9 PLAN CURTAILMENT $365,570