2019-04-12T15:18:17-05:00 2018-05-31 540504608 BROWN EDWARDS & COMPANY LLP 1715 PRATT DRIVE STE 2700 BLACKSBURG VA 24060 990 2017-06-01 560554207 MARS HILL UNIVERSITY MARS 8286891111 PO BOX 370 MARS HILL NC 28754 RANDELL N TILLEY VP OF FINANCE 8286891100 2019-04-12 1 MARK WOOLWINE P00647446 5404433606 2019-04-12 206.248.228.130 2019-04-12 11:07:47 ED P CE530EA759AC3AF6BB0EECEF8950573E07121913 F75A4857B52D28EE9D0B6B28B386CC6B9346B41E 2017 2019-02-21 02:37:17Z ANTHONY FLOYD 100 ATHLETIC STREET MARS HILL NC 28754 51888153 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. 30 30 1038 30 16217 2509 6014300 4016941 45613179 45784284 320657 255685 121656 86202 52069792 50143112 23982333 21944588 0 0 16239437 17177695 0 0 1180516 15720246 15947059 55942016 55069342 -3872224 -4926230 146376182 146031197 55124990 55125827 91251192 90905370 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 42848965 21944588 35589607 INSTRUCTION - PRIVATE LIBERAL ARTS UNIVERSITY OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK, AND FINE ARTS. APPROXIMATELY 1128 STUDENTS BENEFITED. 1186327 9452018 ACADEMIC SUPPORT - SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF EDUCATION. 394308 699374 PUBLIC SERVICE - ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES TO GROUPS EXTERNAL TO THE UNIVERSITY. 44429600 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 83 0 1 1038 1 1 1 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X RANDELL N TILLEY 8286891100 100 ATHLETIC STREET MARS HILL NC 28754 W WAYNE HIGGINS CHAIR 1.00 X X 0 0 0 LINDA JUDGE-MCRAE VICE CHAIR 1.00 X X 0 0 0 GWEN DAVIS TREASURER 1.00 X X 0 0 0 CHERYL PAPPAS TRUSTEE 1.00 X X 0 0 0 JOHN S AYERS TRUSTEE 1.00 X 0 0 0 BRUCE BOYLES TRUSTEE 1.00 X 0 0 0 RONALD O BROWN TRUSTEE 1.00 X 0 0 0 DOUG BUCHANAN TRUSTEE 1.00 X 0 0 0 MAX BURGIN TRUSTEE 1.00 X 0 0 0 MICHAEL V GROCE TRUSTEE 1.00 X 0 0 0 M KYLE CARVER TRUSTEE 1.00 X 0 0 0 DAVID COSTNER SECRETARY 1.00 X 0 0 0 MICHAEL CRANFORD TRUSTEE 1.00 X 0 0 0 MARY DAWSON TRUSTEE 1.00 X 0 0 0 ERIC MANN TRUSTEE 1.00 X 0 0 0 TROY L DAY TRUSTEE 1.00 X 0 0 0 J DIXON FREE TRUSTEE 1.00 X 0 0 0 JEAN S FREEMAN TRUSTEE 1.00 X 0 0 0 EUGENE HOLDWAY TRUSTEE 1.00 X 0 0 0 AC HONEYCUTT JR TRUSTEE 1.00 X 0 0 0 HAROLD H BUD HUGHES TRUSTEE 1.00 X 0 0 0 MIKE KELLY TRUSTEE 1.00 X 0 0 0 BILL MURDOCK TRUSTEE 1.00 X 0 0 0 RUTH PARHAM TRUSTEE 1.00 X 0 0 0 JEREMY R PRESSLEY TRUSTEE 1.00 X 0 0 0 MAGAY SHEPHARD TRUSTEE 1.00 X 0 0 0 BRENT TOWNSEND TRUSTEE 1.00 X 0 0 0 CHARLES TRAMMELL TRUSTEE 1.00 X 0 0 0 JIM WILSON TRUSTEE 1.00 X 0 0 0 B JANE WINN TRUSTEE 1.00 X 0 0 0 DAN G LUNSFORD PRESIDENT 60.00 X 177979 0 9231 RANDELL N TILLEY VP-FINANCE & FACILITIES 50.00 X 110802 0 13079 HAROLD G CHRISTMAN VP-INSTITUTIONAL ADVANCEMENT 45.00 X 111493 0 12909 400274 0 35219 3 0 1 0 CHARTWELLS PO BOX 91337 CHICAGO IL 60693 DINING HALL SERVICES 2357560 LEGERTON ARCHITECTURE INC 21 NORTH LIBERTY ST ASHVILLE NC 28801 ARCHITECT SERVICES 400930 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DRIVE RESTON VA 20191 CONSULTING SERVICES 341652 H&M CONSTRUCTORS 187 DEAVERVIEW ROAD ASHEVILLE NC 28806 CONSTRUCTION SERVICES 316192 COOPER CONSTRUCTION COMPANY 761 S ALLEN ROAD FLAT ROCK NC 28731 CONSTRUCTION SERVICES 152039 6 937247 3079694 4016941 TUITION AND FEES 611310 35589607 35589607 RESIDENCE HALLS 721310 8381063 8381063 OTHER 900099 699374 699374 CONFERENCES 900099 621757 621757 CAFETERIA INCOME 611710 269948 269948 222535 222535 45784284 359526 16217 343309 86202 0 86202 86202 86202 1641200 1701756 43285 -60556 -43285 -103841 -43285 -60556 50143112 45740999 16217 368955 21944588 21944588 311612 94263 217349 13295452 10709486 1872000 713966 631706 631706 2037966 100268 1937698 900959 900959 898434 237995 653072 7367 385239 127206 104284 153749 1821180 1267359 349302 204519 373538 98950 271525 3063 1876288 1723183 153105 1049327 891298 114272 43757 920957 920957 3147903 2886627 261276 649446 649446 CAFETERIA EXPENSE 2135019 2135019 EQUIP RENTAL & MAINTENA 1194230 615148 578485 597 MISCELLANEOUS 723927 542366 128063 53498 BAD DEBT EXPENSE 636684 636684 134887 134887 55069342 44429600 9459226 1180516 7245335 5640296 2215875 2004159 1215455 615633 1923398 1446542 322469 339585 155676 90105 113705199 42997816 71709608 70707383 2072572 1674958 45810189 50344617 13705605 13167919 146376182 146031197 2938581 3962584 1141735 1015726 47904518 47662481 3140156 2485036 55124990 55125827 X 17010081 14148062 21596364 23458009 52644747 53299299 91251192 90905370 146376182 146031197 X -4926230 4538730 41678 X X 0 1 X 1 1 1 X 47101787 1595474 4590126 1931352 51356035 41508613 1976943 6603864 2987642 47101778 46146662 2057333 -2828513 1466869 2400000 41508613 43722136 1026612 2786886 1388972 46146662 40310301 3362624 1552528 1503317 43722136 0.86810 0.13190 0 0 1599148 1599148 90921948 27205787 63716161 12856553 10713042 2143511 8327550 5078987 3248563 70707383 REAL ESTATE INVESTMENT TRUSTS 1100099 F ALTERNATIVE INVESTMENTS 48564573 F REAL ESTATE 679945 F 50344617 BENEFICIAL INTERESTS IN TRUSTS 12045229 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 1044506 OTHER ASSETS 78184 13167919 POST RETIREMENT BENEFIT OBLIGATION 1327956 REFUNDABLE ADVANCES FROM DEPARTMENT OF EDUCATION 565107 ANNUITIES PAYABLE 591973 2485036 X 32778932 4538730 41678 4580408 28198524 21944588 21944588 50143112 33124754 0 33124754 21944588 21944588 55069342 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 FEDERAL FORM 990S 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 CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATIONS CHANGE IN VALUE OF ASSETS HELD IN TRUST PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 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. LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID THE UNIVERSITY RECEIVED STUDENT FINANCIAL AID GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 25908829 0 0 0 0 0 0 25908829 0 25908829 1 0 1 1 1 0 PART I, LINE3: THE AMOUNT REPORTED ON PART I, LINE 3, COLUMN (F) REPRESENTS THE FAIR MARKET VALUE OF INVESTMENTS HELD AT THE END OF THE YEAR. 1 TUITION DISCOUNTS/SCHOLARSHIPS 1204 21944588 PART I, LINE 2: THE PROCESS FOR MONITORING THE USE OF TUITION DISCOUNT OR GRANTS/SCHOLARSHIP FUNDS AT MARS HILL UNIVERSITY INCLUDES THE USE OF A MATRIX THAT LIMITS AND DETERMINES THE AMOUNT OF ACADEMIC SCHOLARSHIP AWARDED WITH A MAXIMUM OF $18,000. 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 DAN G LUNSFORD PRESIDENT 177979 0 0 0 0 0 9015 0 216 0 187210 0 0 0 PART I, LINE 1A: THE PRESIDENT'S SPOUSE WILL OCCASIONALLY TRAVEL WITH HIM ON CERTAIN UNIVERSITY FUNCTIONS. THERE IS A SUBSTANTIAL BUSINESS PURPOSE FOR SUCH TRAVEL, AND THE EXPENSES ARE DOCUMENTED AND RETAINED ON FILE. 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 CONFILCT OF INTEREST REQUIREMENT. IN THE EVENT THAT A POTENTIAL CONFLUC ARISES DURING THE EYEAR, 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 227,672. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 24,576. CHANGE IN VALUE OF ASSETS HELD IN TRUST -210,570. FORM 990, PART XII, LINE 2C THERE IS AN AUDIT COMMITTEE COMPRISED OF TRUSTEES THAT HAS RESPONSIBILITY FOR THE RECOMENDATION OF THE AUDITORS, OVERSIGHT OF THE AUDIT, AS WELL AS THE COMMUNICATION RESPONSIBILITY WITH THE AUDITORS. CHARITABLE REMAINDER UNITRUST (7) TRUST NC MARS HILL UNIVERSITY T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0