2024-05-06T14:21:50-05:00 2023-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2022-07-01 340737794 MALONE UNIVERSITY % KATIE ROBBINS CFO MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 KATIE ROBBINS VP FINANCE/BUSINESS 3304718100 2024-05-15 true KATIE ROBBINS 999009999 Anne E White P01708202 2604604000 2 2022 2023-04-26 12:10:37Z GREG MILLER 2600 CLEVELAND AVE NW CANTON OH 44709 53060635 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. 27 22 735 22 0 0 6090137 9489938 36129432 34694589 813497 761348 54995 50092 43088061 44995967 16645262 16246574 0 0 14782096 14426375 0 0 879250 12841768 13284475 44269126 43957424 -1181065 1038543 64268407 65052028 19346543 18045364 44921864 47006664 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 28788593 16000727 31586409 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 11 DEPARTMENTS AND ONE CENTER: THE CENTER FOR INTERCULTURAL STUDIES. OFFERING 48 UNDERGRADUATE MAJORS, 41 MINORS, AND 10 PRE-PROFESSIONAL PROGRAMS. FALL 2022 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 783, WITH A STUDENT TO FACULTY RATIO OF 12 TO 1. RESIDENT HEADCOUNT WAS 476 AND COMMUTER HEADCOUNT WAS 482. 1518745 30146 51813 NON-TRADITIONAL UNDERGRADUATE: MALONE UNIVERSITY OFFERS A DEGREE COMPLETION OPTION TO ADULT LEARNERS WITH PRIOR UNDERGRADUATE COURSEWORK: MGMT (MALONE MANAGEMENT PROGRAM). STUDENTS CAN COMPLETE THEIR DEGREES IN AS LITTLE AS 12 MONTHS. THE ACCELERATED BACHELORS IN ORGANIZATIONAL MANAGEMENT PREPARES FOR ACTIVE LEADERSHIP ROLES IN CORPORATE, GOVERNMENT AND NON-PROFIT ENVIRONMENTS. FALL 2022 MGMT FTE ENROLLMENT WAS 13.5; HEADCOUNT WAS 24. MALONE UNIVERSITY OFFERS A NON DEGREE 18 MONTH CERTIFICATE PROGRAM IN PRACTICAL MINISTRY FOR THOSE WHO WISH TO BE EQUIPPED FOR PRACTICAL AND RELEVANT MINISTRY. FALL 2022 HEADCOUNT WAS 18. 5986886 215701 3106459 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 ADMINISTRATION (MBA), SCHOOL COUNSELING (MAED), NURSING (MSN), AND CLINICAL MENTAL HEALTH COUNSELING (MAED). FALL 2022 GRADUATE FTE ENROLLMENT WAS 180.9; HEADCOUNT WAS 252. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 36294224 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 false false false false true false true false true false false false false false false false false true 85 0 735 true false false false false false true true false false false false false false X 27 22 false false false false false false false true true false false false true true true true true true true false OH X KATIE ROBBINS CFO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 DAVID KING FORMER PRESIDENT (END 06/22) 0.0 0.0 X 240823 0 15896 GREG MILLER PRESIDENT (START 07/22) 40.0 0.0 X X 112535 0 121137 KATIE ROBBINS VP FINANCE & BUSINESS AFFAIRS 40.0 0.0 X 132870 0 21804 JASON MOYER VP ENROLLMENT (END 12/22) 40.0 0.0 X 106469 0 16996 TIM BRYAN END 0423 VP MARKETING & COMMUNICATIONS 40.0 0.0 X 114190 0 8061 PATRICK ROBERTS VP ADVANCEMENT (END 10/22) 40.0 0.0 X 107628 0 14120 MELODY SCOTT VP STUDENT DEVELOPMENT 40.0 0.0 X 91531 0 7803 CHRISTINA SCHNYDERS INTERIM PROVOST - PROVOST 40.0 0.0 X 73006 0 16503 LYNDON THOMAS TRUSTEE 1.0 0.0 X 2160 0 0 ALICE WILLIAMS TREASURER 1.0 0.0 X 0 0 0 CATHY ANDERSON TRUSTEE 1.0 0.0 X 0 0 0 DANIEL MITCHELL TRUSTEE 1.0 0.0 X 0 0 0 DAVID MILLER TRUSTEE 1.0 0.0 X 0 0 0 DAVID MUNGO TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH NOBLE TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH ROBINSON TRUSTEE 1.0 0.0 X 0 0 0 ERIC LUND TRUSTEE 1.0 0.0 X 0 0 0 GEOFF SCHULTZ TRUSTEE 1.0 0.0 X 0 0 0 JACK RADCLIFFE TRUSTEE 1.0 0.0 X 0 0 0 JAMES SMUCKER TRUSTEE 1.0 0.0 X 0 0 0 KRISTA ALLISON TRUSTEE 1.0 0.0 X 0 0 0 LAMAR WYSE GOVERNANCE 1.0 0.0 X 0 0 0 LARRY SMERGLIA TRUSTEE 1.0 0.0 X 0 0 0 MARCIE CURRY TRUSTEE 1.0 0.0 X 0 0 0 MARTHA MOONEY TRUSTEE 1.0 0.0 X 0 0 0 MATTHEW SUTTER TRUSTEE 1.0 0.0 X 0 0 0 PAMELA BURCH TRUSTEE 1.0 0.0 X 0 0 0 RODNEY NEUENSCHWANDER IMMEDIATE PAST CHAIR 1.0 0.0 X 0 0 0 RONALD CROCK TRUSTEE 1.0 0.0 X 0 0 0 SAMUEL HUANG TRUSTEE 1.0 0.0 X 0 0 0 SHARI HANSEN CHAIR 1.0 0.0 X 0 0 0 SUSAN GRABOWSKI SECRETARY 1.0 0.0 X 0 0 0 THOMAS CRAWFORD TRUSTEE 1.0 0.0 X 0 0 0 WALTER ARRINGTON TRUSTEE 1.0 0.0 X 0 0 0 BRIAN HOLLINGSWORTH VP ADVANCEMENT (START 01/23) 40.0 0.0 X 0 0 0 ERIC YOUNG START 0423 VP ENROLLMENT & MARKETING 40.0 0.0 X 0 0 0 981212 0 222320 6 true true false AVI FOODSYSTEMS INC 2590 ELM RD NE WARREN OH 44483 FOOD SERVICES 2393685 WILEY EDU LLC 1415 W 22ND ST OAK BROOK IL 60523 STUDENT RECRUITMENT 640000 SLINGSHOT LP 1500 S WESTERN AVE MARION IN 46953 BOOKSTORE 492598 COPLEY OHIO NEWSPAPERS INC PO BOX 630599 CINCINNATI OH 45263 ADVERTISING 296422 RUFFALO NOEL LEVITZ 65 KIRKWOOD NORTH RD SW CEDAR RAPIDS IA 52404 ENROLLMENT SERVICES 253153 8 4967899 4522039 79229 9489938 TUITION, FEES, ETC 611710 28575881 28575881 AUXILIARY REVENUE 900099 5819343 5819343 PARKING FEES 812930 2275 2275 TESTING SERVICES 900099 1215 1215 TRANSCRIPT FEES 900099 13958 13958 281917 281917 34694589 635429 635429 0 0 0 0 0 8190234 353 8036167 28501 154067 -28148 125919 125919 0 0 0 0 0 0 50092 0 50092 50092 0 44995967 34744681 761348 0 16246574 16246574 0 0 1060682 208915 745527 106240 137727 137727 9664871 7120226 2184926 359719 58180 39990 15694 2496 2727403 1874678 735738 116987 777512 534422 209740 33350 0 33434 33434 81810 81810 0 0 93516 93516 1545587 1206157 311188 28242 929447 444947 420474 64026 272520 153130 66378 53012 986432 244181 742251 0 1236216 1006850 229366 683326 639139 32428 11759 0 70054 42274 27530 250 844662 844662 0 2212222 1520569 596764 94889 186073 186073 OTHER AUXILLARY 2935710 2935710 BAD DEBT 74753 74753 OTHER EDUCATION EXPENSE 289750 289750 DUES/MEMBERSHIPS 152031 72638 71113 8280 656932 656932 43957424 36294224 6783950 879250 9000 9000 6700516 4329705 712234 1585407 1028697 864296 0 0 0 0 634783 446283 0 0 1078303 1009560 99485090 63082424 37979713 36402666 14812760 18950559 0 0 0 0 0 0 1312401 1454552 64268407 65052028 2097480 1545308 0 0 1662356 1628515 0 0 0 0 0 0 10381365 9792229 0 0 5205342 5079312 19346543 18045364 X 19237855 19430734 25684009 27575930 44921864 47006664 64268407 65052028 X 1038543 1015436 30821 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22070190 373973 2254726 606790 372926 49041 23670132 25218779 341750 -2397371 621578 420128 51262 22070190 21131674 373805 4693065 577611 355743 46411 25218779 21340118 169368 533815 531620 333006 47001 21131674 21082611 142535 846767 423472 263248 45075 21340118 0.01000 0.85000 0.14000 true false 2146345 2146345 57231703 29807290 27424413 20715209 19641077 1074132 19391833 13634057 5757776 36402666 0 LINE OF CREDIT 4968000 CAPITAL LEASE OBLIGATION 111312 5079312 29764829 1015436 1015436 28749393 16246574 16246574 44995967 27710850 27710850 16246574 16246574 43957424 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 AND PART XII, LINE 4B FINANCIAL AID 15,706,107 OUTSIDE SCHOLARSHIPS 540,467 TOTAL: $16,246,574 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 PROVIDED IN WRITTEN FORM IN THE UNIVERSITY CATALOG, ON ALL ADMISSIONS DOCUMENTS AND OTHER DOCUMENTS DISSEMINATED 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 AND HUMAN SERVICES, THE DEPARTMENT OF VETERAN'S AFFAIRS, AND THE CORPORATION FOR NATIONAL AND 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 838 16246574 SCHEDULE I, PART I, LINE 2 GRANTS AND SCHOLARSHIPS ARE MONITORED FOR APPROPRIATE USE BY VALIDATING REGISTRATION AND SATISFACTORY PROGRESS TOWARDS COMPLETION OF EDUCATIONAL REQUIREMENTS. X X true true X X X false true false false false false false false false DAVID KING FORMER PRESIDENT (END 06/22) 182823 40000 18000 15896 256719 40000 GREG MILLER PRESIDENT (START 07/22) 90035 22500 94269 26868 233672 22500 KATIE ROBBINS VP FINANCE & BUSINESS AFFAIRS 132870 21216 588 154674 SCHEDULE J, PART I, LINE 1A PRESIDENT GREG MILLER RECEIVED TRAVEL FOR COMPANIONS IN ORDER TO FACILITATE MEETINGS WITH PROSPECTIVE DONORS. THIS IS FOR BUSINESS USE ONLY AND IS SUFFICIENTLY DOCUMENTED. IT IS NON-TAXABLE. GREG MILLER, WHILE SERVING AS PRESIDENT OF THE UNIVERSITY, QUALIFIES AS A MINISTER UNDER THE MINISTERIAL EXCEPTION AND THEREFORE IS ELIGIBLE FOR THE HOUSING ALLOWANCE EXCLUSION FROM GROSS INCOME. THE PRESIDENT RECEIVED A NON-TAXABLE MONTHLY HOUSING ALLOWANCE TOTALING $18,000 FOR THE CALENDAR YEAR. FORMER PRESIDENT DAVID KING RECEIVED A TAXABLE MONTHLY HOUSING ALLOWANCE TOTALING $18,000 FOR THE CALENDAR YEAR. SCHEDULE J, PART I, LINE 4B MALONE UNIVERSITY MAINTAINS A DEFERRED COMPENSATION 457(F) PLAN FOR FORMER PRESIDENT DAVID KING. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING THE FISCAL YEAR. THE PLAN WAS CLOSED AND THE VESTED AMOUNT OF $94,986 WAS DISBURSED TO DAVID KING AFTER FISCAL YEAR ENDING 06/30/2023. NA N/A 14500 SCHOLARSHIP SCHOLARSHIP NA N/A 1193 TUITION DISCOUNT TUITION DISCOUNT JASON WYSE CHILD OF LAMAR WYSE 60000 COMPENSATION false LAUREN SEIFERT CHILD OF LARRY SMERGLIA 77727 COMPENSATION false X 2 65093 MARKET VALUE X TREE KITS 1 2196 FMV X ELECTRICAL SUPPLIES 1 5000 FMV X LAPTOPS 1 6940 FMV false false false SCHEDULE M, PART I THE AMOUNTS LISTED IN PART I, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1B GREG MILLER IS A PAID EMPLOYEE OF THE UNIVERSITY, AND, AS SUCH, IS CONSIDERED A NON-INDEPENDENT BOARD MEMBER. RON CROCK, SUSAN GRABOWSKI, LAMAR WYSE, AND LARRY SMERGLIA ARE CONSIDERED NON-INDEPENDENT BOARD MEMBERS DUE TO TRANSACTIONS REPORTED ON SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT FORM 990 WAS REVIEWED IN DETAIL WITH AUDIT AND FINANCE COMMITTEE WITH APPROVAL. THE AUDIT AND FINANCE COMMITTEE RECOMMENDED APPROVAL OF THE FORM 990 BY THE FULL BOARD OF TRUSTEES. THE APPROVED COPY OF FORM 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS THROUGH ELECTRONIC MAIL. SCHEDULE B WAS REDACTED IN THE EMAILED VERSION WITH A HARD COPY MADE AVAILABLE TO THE BOARD IN THE FINANCE OFFICE. 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 REBUTTAL 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 PROGRAM CHAIRS 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 CHANGE IN VALUE OF BENEFICIAL INTERESTS $30,821