2017-02-04T09:12:54-07:00 2016-06-30 990 2015-07-01 310970262 MARTIN UNIVERSITY INC MART 3179173623 2186 North Sherman Drive Indianapolis IN 46218 Michael Moos Vice President for Fiscal Affairs 3179173623 2017-02-04 2015 2021-01-29 14:40:06Z X Michael Moos 2186 North Sherman Drive Indianapolis IN 46218 6233835 0 X www.martin.edu X 1977 IN To make higher education available to all who can benefit. Martin University serves minorities, low income and adult learners in a healing and freedom-minded environment. 14 14 185 5 0 0 1457097 1490733 4651005 4485529 251 -99648 63992 23560 6172345 5900174 98772 46469 0 0 3596718 3523674 0 6000 75605 2168252 1790097 5863742 5366240 308603 533934 10697750 11051112 3540247 3359675 7157503 7691437 To make higher education available to all who can benefit, Martin University serves minorities, low income and adult learners in a healing and freedom-minded environment. 0 0 2927197 46469 0 Provide college education, which includes a 4 year liberal arts program, to approximately 850 students. 0 0 0 2927197 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 185 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Martin University 3179173623 2186 North Sherman Drive Indianapolis IN 46218 Gregory M Gill Board Chair 2 0 X 0 0 0 Theodore Mau Board Vice Chair 2 0 X 0 0 0 Tracy Boyd Trustee 2 0 X 0 0 0 Linda C J Dixon Trustee 2 0 X 0 0 0 Rev Richard Hunter Trustee 2 0 X 0 0 0 Dr Fred L Johnson III Trustee 2 0 X 0 0 0 Toby Malichi Trustee 2 0 X 0 0 0 Reginald McGregor Trustee 2 0 X 0 0 0 D Wesley Pythress Trustee 2 0 X 0 0 0 Dr Heidi R Ries Secretary 2 0 X 0 0 0 Paul Okeson Trustee 2 0 X 0 0 0 Rev Remus Wright Trustee 2 0 X 0 0 0 Dr Nancy Chism Trustee 2 0 X 0 0 0 Robin C Shackleford Trustee 2 0 X 0 0 0 Dr Eugene White President 40 0 X 132563 0 0 132563 0 0 1 0 0 0 Anthem Blue Cross Blue Shield PO Box 105113 Atlanta GA 303485113 Health Insurance 389626 ECampus A Book Company 28312 Network Place Chicago IL 60673 Book Sales 197915 KeyBank KeyBank National Association 4910 Tiedeman Road Cleveland OH 441442338 Stand-by Letter of Credit 119811 Clausell and Associates PC 4260 Clausell Court Suite 101 Decatur GA 30035 Audit Services 111659 4 0 0 0 0 1228087 262646 0 1490733 Tuition and Fees 611310 4485529 4485529 0 0 0 0 0 0 4485529 1407 1407 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 101055 0 -101055 -101055 -101055 0 0 0 235672 232606 3066 3066 0 0 Gathertorium 611310 5887 5887 0 0 14607 14607 0 0 20494 5900174 4409441 0 0 X 0 0 46469 46469 0 0 0 0 0 0 0 0 0 0 0 0 2902306 1858500 996761 47045 0 0 0 0 375198 249465 116181 9552 246170 139094 101444 5632 117478 117478 6000 6000 150642 139040 11602 43748 641 43107 48986 36394 12592 52603 37399 15204 0 0 0 232933 122628 107264 3041 45260 44473 787 0 0 0 8073 7344 729 3924 0 3924 0 0 0 0 448633 0 448633 111465 0 111465 Bad Debt 55029 18290 36739 0 Education 18159 16737 1422 0 Bond Costs 128856 0 128856 0 Security 695 0 695 0 323613 210723 108555 4335 5366240 2927197 2363438 75605 1100 1100 485345 1126699 28912 54472 945443 903189 0 0 0 0 0 0 4420 3812 58297 86350 15129871 6315735 9096376 8814136 0 0 0 0 0 0 0 0 77857 61354 10697750 11051112 256451 449949 0 0 1393796 1254726 1890000 1655000 0 0 0 0 0 0 0 0 0 0 3540247 3359675 X 6703211 7363098 326191 200238 128101 128101 7157503 7691437 10697750 11051112 533934 0 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 208063 86922 0 93621 0 0 201364 229044 65946 251 87178 0 0 208063 190434 71548 360 33298 0 0 229044 164782 35046 428 9822 0 0 190434 164782 0 4729 4729 0 0 164782 0 0.64 0.36 0 0 0 824492 824492 0 11662953 4873530 6789423 0 0 0 0 0 2303500 1442205 861295 0 338926 0 338926 8814136 6086312 0 0 0 232607 232607 5853705 0 46469 46469 5900174 5552378 0 0 0 232607 232607 5319771 0 46469 46469 5366240 Schedule D, Part V, Line 4 The use of the endowment funds are intended for the mission of the University and in addition, where indicated, to meet the restriction of the donors. Schedule D, Part XI, Line 2d Schedule D, Part XI, line 2d - Revenue amounts included in financials - Other cost of good sold - $232,607 Schedule D, Part XI, Line 4b Schedule D Part XI, Line 4b - Revenue Amounts included in Financials - Other Institutional Scholarships- $46,469 Schedule D, Part XII, Line 2d Expense amounts included in Financials - Other Cost of Goods Sold $232,607 Schedule D, Part XII, Line 4b Expense amounts included on the Return - Other Institutional Scholarships - $46,469 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Martin University uses media advertisements that contain the statement: "Open Admissions". The nondiscriminatory policy is also printed in the University's student handbook. Schedule E, Part I, Line 6 Schedule E, Part I, line 6 - Financial Aid or Government Assistance explanation; Martin University receives Title IV funds for student aid, other direct funds from the U.S. Department of Education and State Financial Aid. 1 Scholarships and Grants 22 44584 0 Schedule I, Part I, Line 2 Schedule I, Part I, Line 2 - Procedures for monitoring the use of grant funds Martin University only awards institutional and privately funded financial aid awards as assistance for students based on a case by case basis, based on merit and need. In doing so, the University's financial aid department adheres strictly to all federal and state regulations and is subject to the internal control requirements of the OMB Circular A-133. Form 990, Part I, Line 6 Volunteers are used to support the student activities and administrative services. Form 990, Part VI, Section B, Line 11b The University's Vice President for Fiscal Affairs completes the form 990, the form is reviewed by the University's Controller. Once the review is complete the form 990 is filed. A copy of the filed 990 is sent to the Board of Trustee's Audit Committee and is included in the quarterly Board meeting for inclusion in the meeting minutes. Form 990, Part VI, Section B, Line 12c Enforcement of Conflict of Interest Policy: The Board of Directors has adopted strict rules for the compliance with its conflict of interest policy. The oversight of the policy includes training and written documents to be signed by each Board member. Annually, in May, the secretary of the Board reviews the conflict of interest forms. Form 990, Part VI, Section B, Line 15 The board of directors use compensation surveys, studies and benchmarking with similar organizations to determine the salaries of the top management officials. The board also consults with independent consultants on industry standards regarding compensation plans. The entire board reviews and approves the presidents employment agreement and key employees, the compensation and benefit documents, responsibilities and performance reviews. Form 990, Part VI, Section C, Line 19 Governing Documents Disclosure Explanation - Upon written request and a reasonable amount of time allotted, the Board makes organizational documents available to the public. Form 990, Part IX, Line 24e Miscellaneous Grant expenses