2026-04-09T16:19:49-05:00 2025-05-31 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2024-06-01 560554207 MARS HILL UNIVERSITY MARS 8286891111 PO BOX 370 MARS HILL NC 28754 JOHN LIPOSCHAK VP OF FINANCE AND ADMINISTRATION 8286891100 2026-04-07 1 0 MARK WOOLWINE P00647446 5404433606 2026-04-07 2024 2025-03-06 01:10:19Z ANTHONY FLOYD 100 ATHLETIC STREET MARS HILL NC 28754 61924930 0 X WWW.MHU.EDU X 1859 NC THE ORGANIZATION IS A PRIVATE LIBERAL ARTS UNIVESRITY OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK AND FINE ARTS. 32 32 617 24 35725 5913 4834456 6101390 44846058 47605744 1793368 8092754 136741 67759 51610623 61867647 24829361 27325886 0 0 15307436 16236946 0 0 1090155 17532622 18935626 57669419 62498458 -6058796 -630811 161689351 160633382 47829140 50602332 113860211 110031050 X MARS HILL UNIVERSITY, AN ACADEMIC COMMUNITY ROOTED IN THE CHRISTIAN FAITH, CHALLENGES AND EQUIPS STUDENTS TO PURSUE INTELLECTUAL, SPIRITUAL, AND PERSONAL GROWTH THAT IS: GROUNDED IN A RIGOROUS STUDY OF THE LIBERAL ARTS, CONNECTED WITH THE WORLD OF WORK, AND COMMITTED TO CHARCTER DEVELOPMENT, TO SERVICE, AND TO RESPONSIBLE CITIZENSHIP IN THE COMMUMITY, THE REGION, AND THE WORLD. 0 0 46616546 27325886 35867832 INSTRUCTION - PRIVATE LIBERAL ARTS UNIVERSITY OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK, AND FINE ARTS. APPROXIMATELY 1,051 STUDENTS BENEFITED. 1400394 10493562 ACADEMIC SUPPORT - SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF EDUCATION. 2450690 1201755 PUBLIC SERVICE - ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES TO GROUPS EXTERNAL TO THE UNIVERSITY. 50467630 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1443 0 1 617 1 1 1 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X JOHN LIPOSCHAK 8286891100 100 ATHLETIC STREET MARS HILL NC 28754 BRENT TOWNSEND CHAIR 1.00 X 0 0 0 ANNA RENFRO VICE-CHAIR 1.00 X 0 0 0 W WAYNE HIGGINS TREASURER 1.00 X 0 0 0 PAUL POWELL SECRETARY 1.00 X 0 0 0 JOHN S AYERS TRUSTEE 1.00 X 0 0 0 AMANDA BEATTY TRUSTEE 1.00 X 0 0 0 MARK CABANISS TRUSTEE 1.00 X 0 0 0 MIKE CRANFORD TRUSTEE 1.00 X 0 0 0 JULIAN CUTHBERTSON TRUSTEE 1.00 X 0 0 0 BRIAN DANFORTH TRUSTEE 1.00 X 0 0 0 WILL DAVIS TRUSTEE 1.00 X 0 0 0 JAMESON DONNELL TRUSTEE 1.00 X 0 0 0 DOUG ECHOLS TRUSTEE 1.00 X 0 0 0 CAROLYN FERGUSON TRUSTEE 1.00 X 0 0 0 MICHAEL V GROCE TRUSTEE 1.00 X 0 0 0 GENE HOLDWAY TRUSTEE 1.00 X 0 0 0 AC HONEYCUTT TRUSTEE 1.00 X 0 0 0 DON ICENHOWER TRUSTEE 1.00 X 0 0 0 PAULA KAHN TRUSTEE 1.00 X 0 0 0 MIKE KELLY TRUSTEE 1.00 X 0 0 0 AUSTIN LEE TRUSTEE 1.00 X 0 0 0 ERIC MANN TRUSTEE 1.00 X 0 0 0 CAROLE MARTIN TRUSTEE 1.00 X 0 0 0 JEFF MILES TRUSTEE 1.00 X 0 0 0 CHERYL PAPPAS TRUSTEE 1.00 X 0 0 0 RUTH PARHAM TRUSTEE 1.00 X 0 0 0 KAREN SMITH TRUSTEE 1.00 X 0 0 0 CORNELL SWEENEY JR TRUSTEE 1.00 X 0 0 0 CHARLES TRAMMELL TRUSTEE 1.00 X 0 0 0 MARILYN TUCKER TRUSTEE 1.00 X 0 0 0 MCKELLE ULM TRUSTEE 1.00 X 0 0 0 JIM WILSON TRUSTEE 1.00 X 0 0 0 TONY FLOYD PRESIDENT 43.00 X 280000 0 22610 TRACY PARKINSON PROVOST & VP FOR ENROLLMENT MANAGEMENT 43.00 X 178000 0 17100 GRETA BYRD VP-INSTITUTIONAL ADVANCEMEMENT 43.00 X 127625 0 14459 DANIEL WRIGHT VP-FINANCE 43.00 X 169583 0 8745 DAVE ROZEBOOM VP-STUDENT LIFE 43.00 X 123439 0 14372 GRAINGER CAUDLE SENIOR DIRECTOR OF PLANNING AND STRATEGY 43.00 X 124377 0 14592 1003024 0 91878 6 0 1 0 JAMES R VANNOY & SONS CONSTRUCTION PO BOX 635 JEFFERSON NC 28640 BUILDING CONTRACTOR 18145619 CHARTWELLS PO BOX 417632 BOSTON MA 02241 FOOD SERVICE CONTRACTOR 2777846 NATIONAL MANAGEMENT RESOURCES CORPORATIO PO BOX 1224 LAGRANGE GA 30241 FACILITIES CONTRACTOR 1440756 ALPHA MECHANICAL SERVICE INC 7200 DISTRIBUTION DRIVE LOUISVILLE KY 40258 FACILITIES REPARIS 237809 STRADA COLLABORATIVE LLC 10 W MARKET STREET INDIANAPOLIS IN 46204 COACHING & CAPACITY BUILDING PROGRAM 206337 13 589270 1359391 4152729 118261 6101390 TUITION AND FEES 611310 35867832 35867832 RESIDENCE HALLS 721310 9373657 9373657 OTHER 900099 1201755 1201755 CONFERENCES 611310 806437 806437 BOOKSTORE SALES 611710 244967 244967 111096 111096 47605744 425222 35725 389497 79727 0 79727 79727 79727 7710127 0 42595 7710127 -42595 7667532 -42595 7710127 2720 589270 14688 -11968 -11968 61867647 47563149 35725 8167383 27325886 27325886 1181913 357529 824384 11447117 9220653 1611754 614710 482210 482210 2155232 106037 2049195 970474 970474 51320 51320 2871835 760749 2087537 23549 133440 44062 36122 53256 856769 596226 164328 96215 684095 181217 497268 5610 1474961 1354604 120357 898469 763160 97843 37466 1454490 1454490 2747457 2519418 228039 817908 817908 CAFETERIA EXPENSE 2699828 2699828 PROGRAM EXPENSES 2596740 1945478 459363 191899 LEASE AND CONTRACT EXPE 909471 681376 160885 67210 EQUIP RENTAL & MAINTENA 479315 246895 232180 240 259528 210022 49506 62498458 50467630 10940673 1090155 16579228 4499562 2720099 2235144 494907 551818 645791 1202952 278747 279337 144601 178339 140448667 53817207 71404853 86631460 2082586 6245228 58326609 49490309 9011930 9319233 161689351 160633382 3596441 5661564 252151 236109 41596451 42735762 2384097 1968897 47829140 50602332 X 31625772 30537550 82234439 79493500 113860211 110031050 161689351 160633382 X -630811 -3452191 253841 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60811910 462348 4442365 9000000 56716623 59170846 921105 4361911 3641952 60811910 60595250 896409 889275 3210088 59170846 64627321 789585 -1597987 2913187 310482 60595250 51109007 1687980 15344713 3059736 454643 64627321 0.04160 0.94070 0.01770 1 0 1779548 1779548 95736231 39324014 56412217 11362297 8848724 2513573 31570591 5644469 25926122 86631460 REAL ESTATE INVESTMENT TRUSTS 3443623 F ALTERNATIVE INVESTMENTS 45442671 F REAL ESTATE 272789 F CASH AND CASH EQUIVALENTS 331226 F 49490309 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 798551 BENEFICIAL INTERESTS IN TRUSTS 8520682 9319233 POST RETIREMENT BENEFIT OBLIGATION 405651 ANNUITIES PAYABLE 430121 FINANCE LEASE OBLIGATION 1133125 1968897 X 31306779 -3452191 253841 -3198350 34505129 51320 27311198 27362518 61867647 35135940 14688 14688 35121252 51320 27325886 27377206 62498458 PART V, LINE 4: TO SUPPORT THE INSTITUTION IN PERPETUITY FOR SCHOLARSHIPS, LECTURESHIPS, AND VARIOUS OTHER OPERATIONS AND BUILDINGS ON CAMPUS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVEUNE CODE. THE FEDERAL FORM 990 OF THE UNIVERSITY ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -133,067. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATIONS 20,939. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 365,969. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 27,325,886. FUNDRAISING EXPENSES -14,688. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 14,688. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 27,325,886. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY STATEMENT IS INCLUDED IN ALL UNIVERSITY GENERATED DOCUMENTS INCLUDING THE UNIVERSITY CATALOG. IN ADDITION, IT IS PUBLISHED IN THE LOCAL NEWSPAPER AT LEAST ANNUALLY. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED STUDENT FINANCIAL AID GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 17252150 0 0 0 0 0 0 17252150 0 17252150 0 0 0 0 0 0 DAY FOR MHU 589270 589270 14624 GOLF TOURNAMENT 2720 2720 64 591990 589270 2720 14688 14688 -11968 1 TUITION DISCOUNTS/SCHOLARSHIPS 1113 27325886 PART I, LINE 2: THE PROCESS FOR MONITORING THE USE OF TUITION DISCOUNT OR GRANT/SCHOLARSHIP FUNDS AT MARS HILL UNIVERSITY INCLUDES THE USE OF A MATRIX THAT LIMITS AND DETERMINES THE AMOUNT OF ACADEMIC SCHOLARSHIP AWARDED. THE DEAN OF ADMISSIONS AND FINANCIAL AID AND THE DIRECTOR OF FINANCIAL AID MEET MONTHLY TO REVIEW THE CURRENT AMOUNT OF TUITION DISCOUNT OR GRANTS/SCHOLARSHIPS BEING AWARDED TO ENSURE THAT THE UNIVERSITY STAYS WITHIN BUDGET. TUITION DISCOUNT, GRANT AND SCHOLARSHIP REPORTS ARE SUBMITTED TO THE PRESIDENT ON A REGULAR BASIS. THE BUDGET FOR THESE GRANTS IS APPROVED BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. THE DEAN OF ADMISSIONS AND FINANCIAL AID AND THE DIRECTOR OF FINANCIAL AID MONITOR ALL TUITION DISCOUNT FINANCIAL AID AWARDS PRIOR TO THE AWARD LETTER BEING MAILED. ATHLETIC GRANTS ARE MONITORED BY COACHES AND THE ATHLETIC DIRECTOR WITH STRICT GUIDELINES ESTABLISHED BY THE NCAA. THE ATHLETIC DIRECTOR REPORTS REGULARLY TO THE PRESIDENT OF THE UNIVERSITY THE AMOUNT OF TUITION DISCOUNT ATHLETIC GRANTS AWARDED BY EACH TEAM PER YEAR. X 1 1 X X X 0 0 0 0 0 0 0 0 0 TONY FLOYD PRESIDENT 280000 0 0 0 0 0 14000 0 8610 0 302610 0 0 0 TRACY PARKINSON PROVOST & VP FOR ENROLLMENT MANAGEME 178000 0 0 0 0 0 8900 0 8200 0 195100 0 0 0 DANIEL WRIGHT VP-FINANCE 169583 0 0 0 0 0 8479 0 266 0 178328 0 0 0 X 6 115381 AVERAGE HIGH/LOW AT TRAN X MISCELLANEOUS 9 2880 DONOR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE OF THE BOARD AND THE FULL BOARD OF TRUSTEES ARE PRESENTED WITH A COPY OF THE 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH NEW OR RETURNING TRUSTEE RECEIVES ORIENTATION WHICH INCLUDES A DISCUSSION REGARDING THE CONFLICT OF INTEREST REQUIREMENT. IN THE EVENT THAT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE BOARD MEMBER WILL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT AND THE TOP MANAGEMENT OFFICIALS. RECOMMENDED CHANGES REQUIRE ACTION AND APPROVAL BY THE FULL BOARD OF TRUSTEES AND DISCUSSIONS ARE DOCUMENTED IN THE MEETING MINUTES. SALARIES ARE COMPARED TO OTHER SIMILAR INSITITUIONS AND TO SALARY SURVEYS ISSUED BY THE NC INDEPENDENT COLLEGE/UNIVERSITIES ANNUAL COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH THE PRESIDENT'S OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATIONS 20,939. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -133,067. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 365,969. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.