2014-11-10T08:18:54-06:00 2014-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2013-07-01 340737794 MALONE UNIVERSITY % JOY E BRATHWAITE MALO 3304718100 2600 CLEVELAND AVE NW Suite CANTON OH 44709 JOY E BRATHWAITE VP OF FINANCE & BUSINESS AFFAIRS 3304718100 2014-11-15 true Joyce A Dulworth P00151125 3304718100 2013 2015-11-30 17:44:51Z JOY E BRATHWAITE 2600 CLEVELAND AVE NW CANTON OH 44709 66849934 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 30 1360 10 0 0 2494539 2271420 52948201 48830510 1585061 2439928 -144538 62277 56883263 53604135 19045754 18050066 0 0 22992224 21744735 0 0 1365198 14872998 13669357 56910976 53464158 -27713 139977 73516742 72708307 20932048 20680828 52584694 52027479 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 37701838 17808516 38994302 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 9 BACHELOR OF SCIENCE AND 39 BACHELOR OF ARTS MAJORS. FALL 2013 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 1370, WITH A STUDENT TO FACULTY RATION OF 12.7 TO 1. RESIDENT HEADCOUNT WAS 856 AND COMMUTER HEADCOUNT WAS 818. 2364901 3909587 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 - FIVE MAJORS ARE OFFERED: (1) ORGANIZATIONAL MANAGEMENT, PREPARES FOR ACTIVE LEADERSHIP ROLES INCORPORATE, GOVERNMENT AND NON-PROFIT ENVIRONMENTS; (2) PROJECT MANAGEMENT, MANAGE THE PEOPLE, RESOURCES, SCHEDULES AND PLANS TO COMPLETE PROJECTS ON TIME AND ON BUDGET; (3) HEALTH SERVICE MANAGEMENT, GAIN AN IN-DEPTH UNDERSTANDING OF HEALTH CARE SYSTEMS, LEGAL ISSUES RELATED TO CARE AND CONSUMER HEALTH CHOICES; (4)MARKETING MANAGEMENT, PURSUE CAREERS RELATED TO ADVERTISING, PROMOTIONS AND SALES; AND (5) ENVIRONMENTAL MANAGEMENT, COMBINE MANAGEMENT THEORY AND PRACTICE WITH SOCIAL RESPONSIBILITY, ECOLOGICAL AWARENESS, AND SUSTAINABILITY. FALL 2013 MMP FTE ENROLLMENT WAS 163; HEADCOUNT WAS 196. 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 2013 BSNDC FTE ENROLLMENT WAS 23; HEADCOUNT WAS 31. 3767073 241550 5988898 GRADUATE STUDIES - MALONE UNIVERSITY HAS DEVELOPED GRADUATE PROGRAMS 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), THEOLOGICAL STUDIES (MATS), AND ORGANIZATIONAL LEADERSHIP (MAOL). FALL 2013 FTE GRADUATE ENROLLMENT WAS 318; HEADCOUNT WAS 441. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 43833812 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 true false false false false false false false false false false true false false false false false false false false true 67 0 true 1360 true false false false false false false false false false false X 30 30 true false false false false false false true true false false false true true true true true true true false X JOY E BRATHWAITE 3304718100 2600 CLEVELAND AVENUE NW CANTON OH 44709 GARRY ANDERSON TRUSTEE 1.0 X 0 0 0 STANLEY ANDERSON TRUSTEE 1.0 X 0 0 0 MARK BENEDICT TRUSTEE 1.0 X 0 0 0 DANIEL CALE TRUSTEE 1.0 X 0 0 0 JAMES CHARMLEY TRUSTEE 1.0 X 0 0 0 H DAVID BRANDT TRUSTEE 1.0 X 0 0 0 THOMAS CRAWFORD TRUSTEE 1.0 X 0 0 0 CECILE FRANSMAN TRUSTEE 1.0 X 0 0 0 SHU-LING SHARON KAO-HUANG TRUSTEE 1.0 X 0 0 0 DANIEL KORMAN TRUSTEE 1.0 X 0 0 0 MICHAEL MAY TRUSTEE 1.0 X 0 0 0 DARLEEN MOSS TRUSTEE 1.0 X 0 0 0 FRANK RAYMOND TRUSTEE 1.0 X 0 0 0 GERALD SMELTZER TRUSTEE 1.0 X 0 0 0 GEORGE SUTTON TRUSTEE 1.0 X 0 0 0 WILLIAM THORLA TRUSTEE 1.0 X 0 0 0 JOHN WILLIAMS JR TRUSTEE 1.0 X 0 0 0 DAVID LINTON TRUSTEE 1.0 X 0 0 0 RHONDA MITCHELL TRUSTEE 1.0 X 0 0 0 RODNEY NEUENSCHWANDER TRUSTEE 1.0 X 0 0 0 ROBERT WAFULA TRUSTEE 1.0 X 0 0 0 DAVID RAWSON TRUSTEE 1.0 X 0 0 0 RB HOLMES JR TRUSTEE 1.0 X 0 0 0 BRENDA SMITH TRUSTEE 1.0 X 0 0 0 DANIEL LAHAIE TRUSTEE 1.0 X 0 0 0 LYNN PIERCE TRUSTEE 1.0 X 0 0 0 MARK ROSE TRUSTEE 1.0 X 0 0 0 MERVIN YODER TRUSTEE 1.0 X 0 0 0 WAYNE EVANS TRUSTEE 1.0 X 0 0 0 WAYNE ICKES TRUSTEE 1.0 X 0 0 0 DAVID MURRAY TRUSTEE 1.0 X 0 0 0 DR CHRISTOPHER ABRAMS VP FOR STUDENT AFFAIRS 50.0 X 99700 0 20784 HOWARD TAYLOR VP OF ADVANCEMENT 50.0 X 141009 0 22944 JOY BRATHWAITE VP FOR FINANCE & BUS AFFAIRS 50.0 X 121800 0 22228 DR DONALD TUCKER PROVOST 50.0 X 124800 0 22468 DR DAVID KING PRESIDENT 50.0 X 198699 0 41028 STEPHEN WEINGART VP ADVANCEMENT 50.0 X 89900 0 4721 775908 0 134173 4 false true false AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 444832997 FOOD SERVICE 2502989 TREE OF LIFE BOOKSTORES INC 4601 S WESTERN AVE MARION IN 46953 BOOKSTORE 306003 UNITED AMERICAN SECURITY PO BOX 4582 CAROL STREAM IL 60197 SECURITY 257045 ER ADVERTISING LLC 3065 PERRY DRIVE NW CANTON OH 44708 ADVERTISING 245040 NCS PEARSON INC 5601 GREEN VALLEY DRIVE BLOOMINGTON MN 55437 TECHNOLOGY 212487 28 2271420 115420 2271420 TUITION, FEES, ETC 611710 41076179 41076179 AUXILIARY REVENUE 900099 7441585 7441585 PARKING FEES 812930 107448 107448 OCP NON TUITION 900099 65764 65764 TRANSCRIPT FEES 900099 22241 22241 117293 117293 48830510 511372 511372 0 0 77708 77708 0 0 0 15096647 13168091 1928556 1928556 1928556 0 0 62277 0 62277 62277 0 53604135 48892787 2439928 0 18050066 18050066 0 0 1145226 343934 446178 355114 0 15284843 11704998 3227447 352398 499506 370674 110013 18819 3653080 3259284 288323 105473 1162080 862358 255940 43782 0 72772 72772 211218 211218 0 0 69870 69870 988353 595117 288758 104478 1056697 848889 91301 116507 1074204 408542 599007 66655 1114013 720098 342002 51913 0 3614875 2386886 1165915 62074 978213 632317 345896 0 221512 81831 108530 31151 158791 158791 0 2962254 2553773 362516 45965 313287 199001 114286 BAD DEBT 68268 54583 9685 4000 OTHER EDUCATION EXPENSE 337165 305820 31345 BOND EXPENSE 231422 231422 MISCELLANEOUS EXPENSE 196443 65428 124146 6869 53464158 43833812 8265148 1365198 9135 9135 7062749 5536173 334086 114150 2044511 1732223 0 0 0 0 1776399 1816187 20204 0 2467617 2473846 85072425 42543576 44224787 42528849 15274543 18088235 0 0 0 0 0 0 302711 409509 73516742 72708307 4317130 4953828 0 0 3587250 3293848 12200000 11720000 0 0 0 0 616294 434261 0 0 211374 278891 20932048 20680828 X 31239943 28838105 5278454 6967493 16066297 16221881 52584694 52027479 73516742 72708307 X 139977 11758 -708950 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18256912 155584 2362809 398331 263675 49870 20063429 17155644 360465 1583923 438192 341888 63040 18256912 17816310 206186 47348 535381 312977 65842 17155644 15467953 213222 3302902 760998 321429 85340 17816310 14223160 49764 1906471 400729 219107 91606 15467953 0.81000 0.19000 false false 2146345 2146345 51976965 17401751 34575214 17210645 14020792 3189853 13738469 11121032 2617437 42528849 0 0 35593665 11758 77708 89466 35504199 49870 18050066 18099936 53604135 35441930 77708 77708 35364222 49870 18050066 18099936 53464158 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 2D RENT EXPENSE $77,708 PART XI, LINE 4B FINANCIAL AID 17,533,596 OUTSIDE SCHOLARSHIPS 516,470 TOTAL: $18,050,066 PART XII, LINE 2D RENT EXPENSE $77,708 PART XII, LINE 4B FINANCIAL AID 17,533,596 OUTSIDE SCHOLARSHIPS 516,470 TOTAL: $18,050,066 true true true true true true true false false false false false false false false true false true SCHEDULE E QUESTION 3 THIS INFORMATION IS CARRIED IN WRITTEN FORM IN THE UNIVERSITY CATALOG, ON ALL ADMISSION DOCUMENTS AND OTHER DOCUMENTS DISEMINATED THROUGH OUT THE CAMPUS. IT IS ALSO STATED DURING RADIO BROADCASTS DURING FOOTBALL GAMES THAT ARE CARRIED LIVE. QUESTION 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 3588 18050066 PART I, LINE 2. GRANTS & SCHOLARSHIPS ARE MONITORED FOR APPROPRIATE USE BY VALIDATING REGISTRATION AND SATISFACTORY PROGRESS TOWARDS COMPLETION OF EDUCATIONAL REQUIREMENTS. X X true true X X X X false true false false false false false false false HOWARD TAYLOR VP OF ADVANCEMENT 141009 0 0 0 0 0 6716 0 16228 0 163953 0 0 0 DR DAVID KING PRESIDENT 198699 0 0 0 0 0 24800 0 16228 0 239727 0 0 0 PART I, QUESTION 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. PART I, QUESTION 4B IN 2013, MALONE UNIVERSITY CONTRIBUTED ON BEHALF OF DR. DAVID KING $15,000 TO A PLAN SUBJECT TO SECTION 457(F). A OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AA93 2007-12-20 13700000 NEW RESIDENCE HALL AND ROADWAY false false false A 1980000 0 13700000 0 0 0 141716 0 0 7358284 0 0 2009 true false true true A false false false false 0 false false false true A true true false 0 false 0 true A false X 1 8120 FMV X 1 104000 APPRAISAL X PIANO 1 2500 APPRAISAL X ORGAN 1 800 APPRAISAL 0 false true true SCHEDULE M PART I, LINE 31 USE STOCK BROKERS TO SELL GIFTS OF STOCK WITH DONATIONS SENT TO THE UNIVERSITY. PART VI, SECTION B LINE 2A DANIEL CALE AND GEORGE SUTTON HAVE A FAMILY RELATIONSHIP. LINE 11B 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. 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. QUESTION 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. QUESTION 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. PART VI, SECTION C QUESTION 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 REQUESTOR FREE OF CHARGE. PART XI RECONCILIATION OF NET ASSETS LINE 9 ACTUARIAL GAIN ON POSTRETIREMENT BENEFIT PLAN (739,000) CHANGE IN VALUE OF DERIVATIVE CONTRACT 30,050 TOTAL: $(708,950)