2011-10-31T09:38:57-05:00 2011-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2010-07-01 340737794 MALONE UNIVERSITY MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 JOY E BRATHWAITE 2011-10-26 true Joyce A Dulworth 2604604000 2010 2016-03-07 17:11:31Z JOY E BRATHWAITE 2600 CLEVELAND AVE NW CANTON OH 44709 76685075 false X WWW.MALONE.EDU X 1899 OH THE UNIVERSITY IS COMMITTED TO INTELLECTUAL ENRICHMENT IN THE CONTEXT OF CHRISTIAN FAITH. WE STRIVE TO PROVIDE AN EDUCATION THAT PRODUCES GRADUATES WITH A LOVE OF TRUTH, AND VIBRANT MATURE FAITH. 29 29 1418 55 0 0 2263363 2474667 51860128 52628401 706053 2258734 0 903261 54829544 58265063 14178389 16035328 0 0 23603336 23286786 0 0 1274724 15485677 15004933 53267402 54327047 1562142 3938016 72701106 75570669 24429115 22421230 48271991 53149439 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 34719867 16035328 42361343 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 37 Bachelor of Arts majors. Fall 2010 Traditional Undergraduate FTE enrollment was 1667, with a student to faculty ration of 14.5 to 1. Resident headcount was 1052 and commuter headcount was 1045. 5320403 6966460 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 in corporate, 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 2010 MMP FTE enrollment was 288; headcount was 329. 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 2010 BSNDC FTE enrollment was 17.5; headcount was 24. 4227293 8030041 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 2010 FTE Graduate enrollment was 304.8; headcount was 429. In addition, Malone University offers options for education and business professional development through workshops and certificate programs. 44267563 true true false false false false false false false true true false false false false true 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 false false false false false false false false false false true 78 0 true 1418 true false false false false false false false false false false X 29 29 false 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 GARY ANDERSON 1.0 X 0 0 0 STAN ANDERSON 1.0 X 0 0 0 EARL BAILEY 1.0 X 0 0 0 DEBORAH BARTLEY 1.0 X 0 0 0 MARK BENEDICT 1.0 X 0 0 0 DUDLEY S BLOSSOM III 1.0 X 0 0 0 DANIEL CALE 1.0 X 0 0 0 JAMES CHARMLEY 1.0 X 0 0 0 DALE CHRYST 1.0 X 0 0 0 THOMAS CRAWFORD 1.0 X 0 0 0 RICHARD DOUD 1.0 X 0 0 0 CECILE FRANSMAN 1.0 X 0 0 0 SHARON SHU-LING KAO-HUANG 1.0 X 0 0 0 DANIEL KORMAN 1.0 X 0 0 0 MICHAEL MAY 1.0 X 0 0 0 DONNA MCNATT 1.0 X 0 0 0 EDWARD MORRIS 1.0 X 0 0 0 DARLENE MOSS 1.0 X 0 0 0 DAVID MURRAY 1.0 X 0 0 0 DAVID RAWSON 1.0 X 0 0 0 FRANK RAYMOND 1.0 X 0 0 0 WILLIS RUFF 1.0 X 0 0 0 GERALD SMELTZER 1.0 X 0 0 0 STEVEN STEER 1.0 X 0 0 0 GEORGE SUTTON 1.0 X 0 0 0 WILLIAM THORLA 1.0 X 0 0 0 DAVID VAN VALKENBURG 1.0 X 0 0 0 STEPHEN WEINGART 1.0 X 0 0 0 JOHN WILLIAMS JR 1.0 X 0 0 0 DR CHRISTOPHER ABRAMS 40.0 X 85777 0 20128 DR WILBERT FRIESEN 40.0 X 157767 0 25225 DR BROCK SCHROEDER 40.0 X 102828 0 21086 HOWARD TAYLOR 40.0 X 141334 0 23616 JOY BRAITHWAITE 40.0 X 20000 0 9344 DR DONALD TUCKER 40.0 X 111160 0 21958 DR LORETTA REINHART 40.0 X 106371 0 13116 KAREN DEAN FRY 40.0 X 101571 0 16910 DR GARY W STREIT 40.0 X 181262 0 13419 1008070 0 164802 9 true true false BUCKEYE PROTECTIVE SERVICES 2215 6TH ST SW CANTON OH 447061327 CAMPUS SECURITY 282805 AVI FOODSYSTEMS INC 2590 ELM ROAD NE WARREN OH 444832997 FOOD SERVICE 2310065 ER ADVERTISING LLC 3065 PERRY DR NW CANTON OH 44708 MARKETING SERVICES 385715 JENZABAR 1450 TECHNOLOGY DR HARRISONBURG VA 22802 COMPUTER SOFTWARE 150647 KNOCH CORPORATION 1015 SCHNEIDER SE NORTH CANTON OH 447207359 CONSTRUCTION 252495 10 2474667 2474667 TUITION, FEES, ETC 611710 44477534 44477534 AUXILIARY REVENUE 900099 7901916 7901916 PARKING FEES 812930 76760 76760 OCP NON TUITION 900099 59441 59441 LIBRARY FINES 900099 4018 4018 108732 108732 52628401 399225 399225 0 0 35070 35070 19765726 17906217 1859509 1859509 1859509 0 0 1029407 478725 550682 550682 OTHER INCOME 900099 352579 352579 352579 58265063 53179083 0 2611313 0 16035328 16035328 0 0 1184882 419953 575921 189008 0 16371883 12649835 3377744 344304 1164771 874733 257187 32851 3354623 2519293 740716 94614 1210627 909171 267312 34144 0 87533 87533 215310 215310 0 0 105340 105340 1206316 884806 252425 69085 1226431 1029351 93823 103257 1346308 652019 563391 130898 1042861 855146 166858 20857 0 3778005 3129724 572353 75928 993767 771385 169328 53054 0 268112 107774 92618 67720 424951 424951 0 2862384 2490665 330417 41302 246289 43693 202596 BAD DEBT 131130 105514 14115 11501 OTHER EDUCATION EXPENSE 719458 706999 12459 BOND EXPENSE 181290 181290 MISCELLANEOUS 169448 82174 81073 6201 54327047 44267563 8784760 1274724 10135 10135 4741198 5870041 2286931 2119520 103770 499954 2431762 2394100 163052 257738 2517175 2521452 80934996 33758307 45024826 47176689 15097489 14257514 324768 463526 72701106 75570669 5162752 4891469 4409410 3857576 13505000 13090000 1351953 582185 24429115 22421230 X 30136596 32849700 2848971 4675093 15286424 15624646 48271991 53149439 72701106 75570669 X 3938016 939432 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15467953 213222 3302902 760998 321429 85340 17816310 14223160 49764 1906471 400729 219107 91606 15467953 17184094 67607 -2468549 199416 276363 84213 14223160 0.00000 0.87000 0.13000 false false 2146345 2146345 50421112 13654873 36766239 2344866 1482633 862233 19199692 13455881 5743811 6822982 5164921 1658061 47176689 0 0 58265063 54327047 3938016 526434 413000 939434 4877450 59632951 526434 926794 1453228 58179723 85340 85340 58265063 54755501 513794 513794 54241707 85340 85340 54327047 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. SCHEDULE D FIN 48 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 XII LINE 2D CHANGE IN VALUE OF POSTRETIREMENT BENEFIT COST $413,000 COST OF GOOD SOLD $478,724 RENT EXPENSE $35,070 TOTAL $926,794 PART XIII, LINE 2D COST OF GOOD SOLD $478,724 RENT EXPENSE $35,070 TOTAL $513,794 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 3755 16035328 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. 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 false false false false false false false false DR WILBERT FRIESEN 157767 0 0 0 0 0 11044 0 14181 0 182992 0 0 0 HOWARD TAYLOR 141334 0 0 0 0 0 9435 0 14181 0 164950 0 0 0 KAREN DEAN FRY 101571 0 0 0 0 0 6300 0 10610 0 118481 0 0 0 DR GARY W STREIT 181262 0 0 0 0 0 11055 0 2364 0 194681 0 0 0 INFORMATION REGARDING BENEFTIS PROVIDED PART I, QUESTION 1A Dr Friesen, the organization's interim president, receives travel for companions and club dues. These benefits are included on the W-2 and in his other compensation in Schedule J, Part II. These were provided to the president to further business activities conducted on behalf of the organization. OHIO HIGHER EDUCATIONAL FACILITY COMMISSION 346849674 67756AA93 2007-12-20 13700000 NEW RESIDENCE HALL AND ROADWAY false false true 825000 13700000 141716 7358284 2009 true false true true false false false false true true false true false false false false PART VI, SECTION B LINE 11B MALONE UNIVERSITY BOARD OF TRUSTEES REVIEWS A DRAFT OF FORM 990 EXCLUDING SCHEDULE B AT THEIR OCTOBER MEETING 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. 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 IS 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 5 UNREALIZED GAIN ON SALE OF ASSETS $526,434 POSTRETIREMENT BENEFIT COSTS $413,000 TOTAL $939,434