2026-02-20T13:20:33-07:00 2025-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street STE 600 Fort Wayne IN 46802 990 2024-07-01 350868127 MANCHESTER UNIVERSITY INC MANC 2609825000 604 E College Avenue North Manchester IN 46962 Clair Knapp CBO and VP for Finance/Treasurer 2609825000 2026-02-20 1 1 Lauren Denton P01571860 2604604099 2026-02-20 2024 2025-03-06 01:10:19Z Clair Knapp 604 E College Avenue North Manchester IN 46962 152957937 0 X www.manchester.edu X 1902 IN Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition. 28 28 771 1 121391 0 11156771 23021272 48716620 52388296 3376091 12889574 -71962 33575 63177520 88332717 24936511 26984860 0 0 25390074 25354983 39313 0 1210068 20033188 20570851 70399086 72910694 -7221566 15422023 168266706 176403200 29208225 24991780 139058481 151411420 Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition. 0 0 62190754 26984860 52412882 Manchester University offers more than 70 areas of undergraduate study, five master's programs (Accountancy, Business Administration, Athletic Training, Pharmacogenomics and Nutrigenomics), and two professional degrees (Doctorate in Pharmacy and Doctorate in Physical Therapy) to about 1,200 students from 26 states and 5 countries. The independent, liberal arts school is located in North Manchester, Ind., where 72 percent of the students live on the 120-acre campus. Our professional degrees, as well as the Athletic Training and Pharmacogenomics master's programs, are on a Fort Wayne, Ind., campus. 0 0 0 62190754 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 1799 0 771 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X Clair Knapp 2609825245 604 E College Avenue North Manchester IN 46962 Stacy Young President 60 0 X 391309 0 46789 Walter Smith Dean for Health Professions & Professor of Pharmaceutical Sciences 52 0 X 269950 0 25242 Clair Knapp Treasurer/VP for Finance & CBO 55 0 X 259557 0 26738 Celia Cook-Huffman VP Academic Affairs 55 0 X 228151 0 19427 Tara Jenkins Executive Associate Dean of Health Professions 40 0 X 197858 0 10745 Melanie Harmon VP for Advancement 50 0 X 192334 0 13826 Jennifer Campbell Associate Dean of Academic Programs/Professor 40 0 X 189028 0 16240 Abagail Van Vlerah VP for Student Life 60 0 X 184122 0 16254 Diane Calinski Professor and Department Chair of Pharmaceutical and Grad Life Sciences 40 0 X 172575 0 18675 Teresa DeLellis Chair and Associate Professor of Pharmacy Practice 40 0 X 168341 0 16689 Yousif Rojeab Professor of Pharmaceutical and Graduate Life Science 40 0 X 161761 0 7571 Julie Knuth Executive Assistant/Assistant Secretary 45 0 X 75131 0 8649 Leon Letter VP of Strategic Initiatives and Corporate Partnerships 50 0 X 43132 0 0 Lisa Young Alston Trustee 2 0 X 0 0 0 Mark Baer Trustee 2 0 X 0 0 0 Alicia Baird Trustee 2 0 X 0 0 0 Dustin Brown Trustee 2 0 X 0 0 0 Christopher Caldwell Trustee 2 0 X 0 0 0 J Christopher Craig Trustee 2 0 X 0 0 0 Ding-Jo Currie Trustee 2 0 X 0 0 0 Aaron Fetrow Trustee 2 0 X 0 0 0 Lisa Ford Trustee 2 0 X 0 0 0 Cheryl Green Trustee 2 0 X 0 0 0 Audrey Hahn Trustee 2 0 X 0 0 0 David Haist Trustee 2 0 X 0 0 0 Harriet Hamer Trustee 2 0 X 0 0 0 Carolyn Hardman Trustee 2 0 X 0 0 0 Brian Harshberger Trustee 2 0 X 0 0 0 Kevin Hochstedler Trustee 2 0 X 0 0 0 Laura Kenealy Trustee 2 0 X 0 0 0 Steve Knaus Trustee 2 0 X 0 0 0 Timothy Lake Trustee 2 0 X 0 0 0 Thomas Lower Trustee 2 0 X 0 0 0 Madalyn Metzger Trustee 2 0 X 0 0 0 Debra Mishler Trustee 2 0 X 0 0 0 Michael Packnett Trustee 2 0 X 0 0 0 Nadine S Pence Trustee 2 0 X 0 0 0 Lily Qi Trustee 2 0 X 0 0 0 Isabel Santner Trustee 2 0 X 0 0 0 Noah Smith Trustee 2 0 X 0 0 0 Daniel Starr Trustee 2 0 X 0 0 0 Richard Teets Jr Trustee 2 0 X 0 0 0 Jeffrey Carter Vice Chair 2025 2 0 X X 0 0 0 Joshua Kline Secretary 2 0 X X 0 0 0 Linda Kroll Chair 5 0 X X 0 0 0 William M Rosenbury Vice Chair 2024 2 0 X 0 0 0 2533249 0 226845 46 0 1 0 Sodexo Management Inc 9801 Washington Blvd Gaithersburg MD 20878 Student dining services 3594630 Fetters Construction Inc 5417 County Road 427 Auburn IN 46706 Construction Contractor 2296787 Ellucian Company L P 2003 Edmund Halley Dr Ste 500 Reston VA 20191 Enterprise resource planning solution 674585 CME Corporation 2488 Persistence Dr Fort Wayne IN 46808 Construction Contractor 402386 J R Interiors DBA One Eleven Design 203 East Berry Street Suite 704 Fort Wayne IN 46802 Construction Supplier 354817 16 0 0 10393 9328 7344374 15657177 393517 23021272 Tuition and fees 611310 41812838 41812838 0 0 Room and board 611310 8370775 8370775 0 0 Facility and technology fees 611310 1450872 1450872 0 0 Auxiliary Services 721000 604609 483218 121391 0 Student Services/Extracurricular 611310 46332 46332 0 0 102870 102870 0 0 52388296 3425522 0 0 3425522 688 0 0 688 0 0 0 0 300 0 0 0 300 0 300 0 0 300 74082273 5775 64587015 37669 9495258 -31894 9463364 0 0 9463364 9225 10393 536 8689 0 8689 0 0 0 0 0 0 0 0 0 0 0 0 24586 24586 0 0 24586 88332717 52291491 121391 12898563 19000 19000 26667713 26667713 298147 298147 0 0 1966097 468455 1270899 226743 52563 0 52563 0 17951442 14684101 2716091 551250 937732 767055 141881 28796 2888114 2362448 436978 88688 1559035 1196944 302549 59542 0 0 0 0 15142 0 15142 0 50750 0 50750 0 0 0 272887 0 272887 0 1010176 680277 323596 6303 397715 16804 380711 200 894293 615669 234741 43883 2109234 1615036 413858 80340 0 0 0 0 1779057 1394745 384312 0 774222 704682 30197 39343 0 0 0 0 17297 0 17297 0 2095049 644836 1450213 0 0 0 0 0 4595653 4310098 267172 18383 294126 101001 193125 0 Room & Board 3045539 3045539 0 0 Summer Conf Meals 323638 323638 0 0 Dues & Subscriptions 315241 166141 144101 4999 Equipment & Maint 263912 229487 34425 0 2316920 1878938 376384 61598 72910694 62190754 9509872 1210068 194712 77576 9582321 3891161 1299821 675589 1764365 2817719 0 0 0 0 75994 52746 0 0 665862 1281122 167740844 88861545 81336426 78879299 51489819 66784663 19913090 19388323 0 0 0 0 1944296 2555002 168266706 176403200 4481948 2386572 0 0 2411272 2853103 15976740 15601001 0 0 0 0 2750000 0 0 0 3588265 4151104 29208225 24991780 X 59197108 55320418 79861373 96091002 139058481 151411420 168266706 176403200 X 15422023 -3047519 0 0 0 -21565 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X 0 76829583 894654 8452158 1820252 1565737 0 82790406 76087831 2027152 6540649 2257822 5568227 0 76829583 72815029 1746547 5542690 2213033 1803402 0 76087831 79850872 1143132 -5588603 1469470 1120902 0 72815029 63391279 2526624 16513144 1427259 1152916 0 79850872 0.06 0.64 0.3 1 0 0 2541772 2541772 0 126865738 56207623 70658115 0 0 0 0 0 31189359 27846581 3342778 0 7143975 4807341 2336634 78879299 Open-End Private Equity Fund 10397618 F Open-End Private Real Estate Fund 5838327 F Defensive Equity Fund 3152378 F 19388323 Student and Organization Deposits 592101 Annuities and Uni-trusts 685215 Asset Retirement Obligations 710384 US Government Student Loan Funds 82911 Financing Lease Liability 2080493 4151104 X 58070643 -3047519 0 0 -21029 -3068548 61139191 272887 26920639 27193526 88332717 45717704 0 0 0 536 536 45717168 272887 26920639 27193526 72910694 Schedule D, Part III, Line 1 The University follows a policy not to record or capitalize its collections of works of art, historical treasures and similar assets. These collections are held for public exhibition, education and research in furtherance of the University's educational and public service mission. The collections are appropriately cared for and preserved and subject to a university policy that requires the proceeds from sales, if any, of collection items to be used to acquire other items for the collection. The policy also requires the disclosure in the audited financial statements of any items acquired, sold, destroyed or otherwise disposed of during the year just completed. At June 30, 2025 and 2024, there were no reportable activities in collections. Schedule D, Part III, Line 4 The University is home to more than 90 original works of art created in various media by former students and well-known artists. The art decorates buildings across campus, with the majority of work housed in Funderburg Library. The collection adds to the educational purposes of the university by providing a more aesthetically pleasing environment in which students can study and learn. A small number of pieces, particularly portraits, can be used as tools for students to examine techniques. Schedule D, Part V, Line 4 Manchester University's endowment funds are used to support scholarships, academic programs, faculty development and operations. Schedule D, Part X, Line 2 The University is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code (IRC) as an organization described in Section 501(c)(3) of the IRC, except to the extent of unrelated business income tax under Sections 511 through 515 of the IRC. Unrelated business income tax is insignificant or nonexistent and, therefore, no tax provision has been made. Accounting principles generally accepted in the United States of America require the University's management to evaluate tax provisions taken by the University and recognize a tax liability (or asset) if the University has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed tax positions taken by the University and has concluded that as of June 30, 2025 and 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The University's management believes it is no longer subject to income tax examinations for years prior to 2020. Schedule D, Part XI, Line 2d Fundraising expenses $536, and change in value of charitable gift annuities and unitrusts ($21,565) Schedule D, Part XI, Line 4b Tuition discounts Schedule D, Part XII, Line 2d Fundraising expenses Schedule D, Part XII, Line 4b Tuition discounts 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University displays its nondiscriminatory policy on its primary publicly accessible internet homepage at all times. Schedule E, Part I, Line 6 The University receives financial assistance from the Department of Education in the form of Title IV funds, including Pell grants, Federal Supplemental Education Opportunity grants, Perkins loan funds, Direct Loans, etc. The University also receives financial aid from the Indiana Commission for Education - Student Financial Aid in grants such as Frank O'Bannon, 21st Century, etc. 1 Central America and the Caribbean Grantmaking Student Financial Aid 41845 East Asia and the Pacific Grantmaking Student Financial Aid 77654 Europe (including Iceland and Greenland) Grantmaking Student Financial Aid 132148 North America (including Canada and Mexico, but not the United States) Grantmaking Student Financial Aid 22000 South America Grantmaking Student Financial Aid 24500 Central America and the Caribbean Program Services Student Study Abroad 168879 East Asia and the Pacific Program Services Student Study Abroad 4363 Europe (including Iceland and Greenland) Program Services Student Study Abroad 210735 Middle East and North Africa Program Services Student Study Abroad 2223 Sub-Saharan Africa Program Services Student Study Abroad 13550 0 0 697897 Student Financial Aid Central America and the Caribbean 20 41845 Student Financial Aid Actual Amounts Awarded Student Financial Aid East Asia and the Pacific 2 77654 Student Financial Aid Actual Amounts Awarded Student Financial Aid Europe (including Iceland and Greenland) 21 132148 Student Financial Aid Actual Amounts Awarded Student Financial Aid North America (including Canada and Mexico, but not the United States) 1 22000 Student Financial Aid Actual Amounts Awarded Student Financial Aid South America 1 24500 Student Financial Aid Actual Amounts Awarded 1 0 0 0 0 0 Schedule F, Part I, Line 2 The primary responsibility for financing a university education rests with the student. Financial aid from the University and other sources is viewed only as supplementary to the efforts of the student and the student's family. Students requesting financial aid are expected to contribute toward their educational expenses through summer or university employment and/or loans in any reasonable combination. Financial aid is an important factor for many students, and 100 percent of eligible Manchester University students receive some combination of grants, scholarships, loans, and work. Student Financial Services will determine a student's eligibility for financial aid by using the results of the Free Application for Federal Student Aid (FAFSA); the student aid index (SAI) and review of edit (c-codes), as well as the student's academic records and funds available. Manchester University utilizes an awarding matrix based on a combination of academic and financial need criteria referenced above. Student Financial Services administers financial aid from federal, state, and institutional resources utilizing the federal guidelines established by the U.S. Department of Education. The following steps must be taken by a student to receive a financial aid package from Manchester University: 1. Apply for admission and be admitted to Manchester University. Eligibility for academic scholarships from the University is determined through the admission process. 2. Submit a FAFSA. Eligibility for federal, state and institutional need-based grants and loans is determined through this process. The student must designate the results be sent to Manchester University, and Indiana students must have a receipt date between Oct.1 and April 15 to be considered for state grant eligibility. 3. Submit any additional documentation requested by Student Financial Services. Enrollment Requirements. Students receiving financial aid must maintain full-time enrollment, (a minimum of 12 semester hours) in each of the fall and spring semesters. There are circumstances in which part-time students demonstrating need may be awarded financial aid depending on the guidelines and availability of federal, state and institutional funding. Part-time students must enroll in a minimum of six hours to maintain eligibility for federal loans; federal Pell grants may be available to eligible students with less than six hours. Degree Requirements. Students must typically be working toward their first baccalaureate degree to be eligible for federal, state or institutional grants and scholarships. Students who have completed a baccalaureate degree and working toward a graduate or professional degree may be eligible for assistance depending on the circumstance. Friends of Manchester Golf Outing 19618 10393 9225 0 536 0 0 0 0 0 0 19618 10393 9225 0 536 0 0 0 0 536 8689 1 Northeast Indiana Regional Partnership 200 E Main Ste 910 Fort Wayne IN 46802 351984702 501(c )(6) 10000 Support Northeast Indiana Regional Partnership 0 1 Student Financial Aid 934 26667713 Actual Amounts Awarded Schedule I, Part I, Line 2 The primary responsibility for financing a university education rests with the student. Financial aid from the University and other sources is viewed only as supplementary to the efforts of the student and the student's family. Students requesting financial aid are expected to contribute toward their educational expenses through summer or university employment and/or loans in any reasonable combination. Financial aid is an important factor for many students, and 100 percent of eligible Manchester University students receive some combination of grants, scholarships, loans, and work. Student Financial Services will determine a student's eligibility for financial aid by using the results of the Free Application for Federal Student Aid (FAFSA); the student aid index (SAI) and review of edit (c-codes), as well as the student's academic records and funds available. Manchester University utilizes an awarding matrix based on a combination of academic and financial need criteria referenced above. Student Financial Services administers financial aid from federal, state, and institutional resources utilizing the federal guidelines established by the U.S. Department of Education. The following steps must be taken by a student to receive a financial aid package from Manchester University: 1. Apply for admission and be admitted to Manchester University. Eligibility for academic scholarships from the University is determined through the admission process. 2. Submit a FAFSA. Eligibility for federal, state and institutional need-based grants and loans is determined through this process. The student must designate the results be sent to Manchester University, and Indiana students must have a receipt date between Oct.1 and April 15 to be considered for state grant eligibility. 3. Submit any additional documentation requested by Student Financial Services. Enrollment Requirements. Students receiving financial aid must maintain full-time enrollment, (a minimum of 12 semester hours) in each of the fall and spring semesters. There are circumstances in which part-time students demonstrating need may be awarded financial aid depending on the guidelines and availability of federal, state and institutional funding. Part-time students must enroll in a minimum of six hours to maintain eligibility for federal loans; federal Pell grants may be available to eligible students with less than six hours. Degree Requirements. Students must typically be working toward their first baccalaureate degree to be eligible for federal, state or institutional grants and scholarships. Students who have completed a baccalaureate degree may be eligible for assistance depending on the circumstance. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Stacy Young President 335005 0 0 0 56304 0 7119 0 39670 0 438098 0 0 0 Walter Smith Dean for Health Professions & Professor of Pharmaceutical Sciences 243058 0 0 0 26892 0 17500 0 7742 0 295192 0 0 0 Clair Knapp Treasurer/VP for Finance & CBO 225687 0 0 0 33870 0 16625 0 10113 0 286295 0 0 0 Celia Cook-Huffman VP Academic Affairs 200376 0 0 0 27776 0 10404 0 8805 0 247361 0 0 0 Melanie Harmon VP for Advancement 189658 0 0 0 2676 0 13300 0 342 0 205976 0 0 0 Jennifer Campbell Associate Dean of Academic Programs/Professor 173832 0 0 0 15196 0 12402 0 3838 0 205268 0 0 0 Tara Jenkins Executive Associate Dean of Health Professions 178390 0 0 0 19468 0 8980 0 1765 0 208603 0 0 0 Abagail Van Vlerah VP for Student Life 172976 0 0 0 11446 0 11762 0 4492 0 200676 0 0 0 Diane Calinski Professor and Department Chair of Pharmaceutical and Grad Life Sciences 171919 0 0 0 656 0 11415 0 7260 0 191250 0 0 0 Teresa DeLellis Chair and Associate Professor of Pharmacy Practice 167178 0 0 0 1163 0 15912 0 4825 0 189078 0 0 0 Yousif Rojeab Professor of Pharmaceutical and Graduate Life Science 147900 0 0 0 13860 0 7395 0 0 0 169155 0 0 0 Schedule J, Part I, Line 1a Travel for companions is provided when in the best interest of the University. For the convenience of the University, and as a condition of employment, the President is provided with housing on the University campus as a nontaxable benefit. A Indiana Finance Authority 351602316 45506DP66 2018-09-20 16997201 See Part VI 0 0 0 A 0 0 17174080 0 371117 0 335460 212201 0 10809015 6029460 0 1 0 0 1 A 0 0 1 1 0 0.01 0.01 0 0 0 A 0 1 0 0 1 0 0 0 0 A 0 Schedule K, Part I, Column f-09/20/2018 16,997,201 Indiana Finance Authority Refunding of prior issue dated 3/22/2013 and acquisition, construction, expansion, renovation, and equipping of educational facilities. Schedule K, Part II, Line 3-09/20/2018 16,997,201 Indiana Finance Authority total bond proceeds of $16,997,201 plus investment earnings of $176,875 Schedule K, Part II, Line 11-09/20/2018 16,997,201 Indiana Finance Authority this amount was used to refund a prior issue blank per instructions blank per instructions 18500 Gift aid scholarships Scholarship Brook Shumann Family member of a key employee 52563 Employment 0 X 15 393517 FMV 0 0 1 0 Schedule M, Part I Column (b) equals the number of contributions. Form 990, Part VI, Section B, Line 11b The Board of Trustees has assigned the responsibility of annually reviewing the University's Form 990 to the Audit Committee. The Board of Trustees was provided with access to an electronic copy of the Form 990 prior to filing. Form 990, Part VI, Section B, Line 12c Each board member is required to complete a Conflict-of-Interest statement annually. The statements are reviewed by both the Chair of the board and the President. If questions arise as a result of the review, they are asked and responded to. Annually the Audit Committee will inquire of the Chair of the Board as to confirmation that all Conflict-of-Interest statements were turned in, appropriately completed and reviewed, and will report this to the full board. The Chair of the Audit Committee reviews the Conflict-of-Interest statements of the President and the Chair of the Board. It is the responsibility of the Chair of the Board, the President, and Board members to disclose any conflict of interest in and Board item being considered for action by the Board. Form 990, Part VI, Section B, Line 15 The President's compensation package is reviewed annually by the Executive Committee of the Board of Trustees. Comparability data is collected and reviewed by the Executive Committee. Confidential minutes are taken of the discussions and kept for documentation. The Executive Committee reports their work and findings to the Board, also in Executive sessions. That Audit Committee verifies with the Chair of the Board that this process has been appropriately completed annually. Form 990, Part VI, Section C, Line 19 The University's Form 990, Form 990T, audited financial statements and conflicts of interest policy are available upon request. Other governing documents are not made available to the public. Form 990, Part XI, Line 9 Change in value of charitable gift annuities, unitrust and life insurance. Independent Colleges of Indiana Inc 30 South Meridian Street Ste 800 Indianapolis IN 46204 310901001 Education IN 501(c)(3) 12 N/A 0 Charitable remainder trusts (4) 604 E College Avenue North Manchester IN 46962 charitable remainder trust IN N/A T 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0