2015-12-03T06:17:39-06:00 2015-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2014-07-01 340737794 MALONE UNIVERSITY % JOY E BRATHWAITE MALO 3304718100 2600 CLEVELAND AVE NW CANTON OH 44709 JOY E BRATHWAITE VP OF FINANCE & BUSINESS AFFAIRS 3304718100 2016-05-16 true Joyce A Dulworth P00151125 2604604000 2014 2016-03-07 17:11:31Z JOY E BRATHWAITE 2600 CLEVELAND AVE NW CANTON OH 44709 62159941 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. 28 28 1206 10 0 0 2271420 2675903 48830510 46894080 2439928 1060288 62277 45680 53604135 50675951 18050066 18196677 0 0 21744735 21023531 0 0 1623122 13669357 14250295 53464158 53470503 139977 -2794552 72708307 69642105 20680828 19096098 52027479 50546007 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 39233016 18094914 39573531 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 ONE COLLEGE AND THREE SCHOOLS, OFFERING 50 UNDERGRADUATE MAJORS, 38 MINORS, AND 7 PRE-PROFESSIONAL PROGRAMS. FALL 2014 TRADITIONAL UNDERGRADUATE FTE ENROLLMENT WAS 1294, WITH A STUDENT TO FACULTY RATIO OF 12.4 TO 1. RESIDENT HEADCOUNT WAS 843 AND COMMUTER HEADCOUNT WAS 745. 1555287 0 2798187 NON-TRADITIONAL UNDERGRADUATE: CONTINUING STUDIES - MALONE UNIVERSITY OFFERS TWO DEGREE COMPLETION OPTIONS TO ADULT LEARNERS WITH PRIOR UNDERGRADUATE COURSEWORK: MMP (MALONE MANAGEMENT PROGRAM), AND BSNDC (BACHELOR OF SCIENCE IN NURSING DEGREE COMPLETION). STUDENTS ARE ABLE TO COMPLETE THEIR DEGREES IN AS LITTLE AS 14 MONTHS. MMP - FIVE MAJORS ARE OFFERED: (1) ORGANIZATIONAL MANAGEMENT, PREPARES FOR ACTIVE LEADERSHIP ROLES IN CORPORATE, GOVERNMENT AND NON-PROFIT ENVIRONMENTS; (2) PROJECT MANAGEMENT, MANAGE THE PEOPLE, RESOURCES, SCHEDULES AND PLANS TO COMPLETE PROJECTS ON TIME AND ON BUDGET; (3) HEALTH SERVICE MANAGEMENT, GAIN AN IN-DEPTH UNDERSTANDING OF HEALTH CARE SYSTEMS, LEGAL ISSUES RELATED TO CARE AND CONSUMER HEALTH CHOICES; (4) MARKETING MANAGEMENT, PURSUE CAREERS RELATED TO ADVERTISING, PROMOTIONS AND SALES; AND (5) ENVIRONMENTAL MANAGEMENT, COMBINE MANAGEMENT THEORY AND PRACTICE WITH SOCIAL RESPONSIBILITY, ECOLOGICAL AWARENESS, AND SUSTAINABILITY. FALL 2014 MMP FTE ENROLLMENT WAS 160; HEADCOUNT WAS 199. BSNDC - REGISTERED NURSES WITH A NURSING DIPLOMA OR ASSOCIATE DEGREE CAN EARN THEIR BSN DEGREE. MALONE NURSING DEGREES ARE ESTEEMED FOR PROVIDING THE KNOWLEDGE, SKILLS AND COMPASSION NEEDED TO DELIVER EXCEPTIONAL CARE AND INSPIRED LEADERSHIP. FALL 2014 BSNDC FTE ENROLLMENT WAS 30; HEADCOUNT WAS 37. 1880455 101763 4568042 GRADUATE STUDIES - MALONE UNIVERSITY HAS DEVELOPED GRADUATE PROGRAMS 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 (MBA), EDUCATION (MAED), NURSING (MSN), COUNSELING (MAED), THEOLOGICAL STUDIES (MATS), AND ORGANIZATIONAL LEADERSHIP (MAOL). FALL 2014 FTE GRADUATE ENROLLMENT WAS 304; HEADCOUNT WAS 416. IN ADDITION, MALONE UNIVERSITY OFFERS OPTIONS FOR EDUCATION AND BUSINESS PROFESSIONAL DEVELOPMENT THROUGH WORKSHOPS AND CERTIFICATE PROGRAMS. 42668758 true true false true 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 true false false false false true false false false false false false false false true 79 0 true 1206 true false false false false false true true false false false false X 28 28 true false false false false false false true true false false false true true true true true true true false X JOY E BRATHWAITE 3304718100 2600 CLEVELAND AVENUE NW CANTON OH 44709 MARK BENEDICT TRUSTEE 1.0 0.0 X 0 0 0 DANIEL CALE TRUSTEE 1.0 0.0 X 0 0 0 JAMES CHARMLEY TRUSTEE 1.0 0.0 X 0 0 0 H DAVID BRANDT TRUSTEE 1.0 0.0 X 0 0 0 THOMAS CRAWFORD TRUSTEE 1.0 0.0 X 0 0 0 CECILE FRANSMAN TRUSTEE 1.0 0.0 X 0 0 0 DANIEL KORMAN TRUSTEE 1.0 0.0 X 0 0 0 FRANK RAYMOND TRUSTEE 1.0 0.0 X 0 0 0 GEORGE SUTTON TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM THORLA TRUSTEE 1.0 0.0 X 0 0 0 DAVID LINTON TRUSTEE 1.0 0.0 X 0 0 0 RHONDA MITCHELL TRUSTEE 1.0 0.0 X 0 0 0 RODNEY NEUENSCHWANDER TRUSTEE 1.0 0.0 X 0 0 0 DAVID RAWSON TRUSTEE 1.0 0.0 X 0 0 0 RB HOLMES JR TRUSTEE 1.0 0.0 X 0 0 0 BRENDA SMITH TRUSTEE 1.0 0.0 X 0 0 0 DANIEL LAHAIE TRUSTEE 1.0 0.0 X 0 0 0 LYNN PIERCE TRUSTEE 1.0 0.0 X 0 0 0 MARK ROSE TRUSTEE 1.0 0.0 X 0 0 0 MERVIN YODER TRUSTEE 1.0 0.0 X 0 0 0 WAYNE EVANS TRUSTEE 1.0 0.0 X 0 0 0 WAYNE ICKES TRUSTEE 1.0 0.0 X 0 0 0 DAVID MURRAY TRUSTEE 1.0 0.0 X 0 0 0 ERIC LUND TRUSTEE 1.0 0.0 X 0 0 0 TERRY MAGRO TRUSTEE 1.0 0.0 X 0 0 0 NADINE MCILWAIN-MASSEY TRUSTEE 1.0 0.0 X 0 0 0 CHARLES BANCROFT TRUSTEE 1.0 0.0 X 0 0 0 DR CHRISTOPHER ABRAMS VP FOR STUDENT AFFAIRS 50.0 0.0 X 107770 0 18990 JOY BRATHWAITE VP FOR FINANCE & BUS AFFAIRS 50.0 0.0 X 120000 0 19715 DR DONALD TUCKER PROVOST 50.0 0.0 X 125050 0 19835 DR DAVID KING PRESIDENT 50.0 0.0 X 199736 0 36615 STEPHEN WEINGART VP ADVANCEMENT 50.0 0.0 X 120744 0 3521 TIMOTHY BRYAN CHIEF OF STAFF, VP ENROLL/MKTG 50.0 0.0 X 54750 0 3613 HOWARD TAYLOR SENIOR GIFTS OFFICER 50.0 0.0 X 127633 0 19903 855683 0 122192 6 false true false AVI FOODSYSTEMS INC 2590 ELM RD NE WARREN OH 44483 FOOD SERVICE 2790269 TREE OF LIFE BOOKSTORE 4601 S WESTERN AVE MARION TN 46953 BOOKSTORE 360258 UNITED AMERICAN SECURITY LLC PO BOX 4582 CAROL STREAM IL 60197 SECURITY 242293 JENZABAR 1450 TECHNOLOGY DR HARRISONBURG VA 22802 SOFTWARE 231660 LEARNING HOUSE INC 427 S 4TH ST STE 300 LOUISVILLE KY 40202 ONLINE LEARNING 178310 23 37540 2638363 210029 2675903 TUITION, FEES, ETC 611710 38902800 38902800 AUXILIARY REVENUE 900099 7748471 7748471 PARKING FEES 812930 115343 115343 TRANSCRIPT FEES 900099 21306 21306 TESTING SERVICES 900099 17530 17530 88630 88630 46894080 367467 367467 0 0 0 0 0 12176811 11483990 692821 692821 692821 0 0 45680 45680 45680 0 50675951 46939760 1060288 0 18196677 18196677 0 0 1223684 311350 585345 326989 0 14789930 11109360 3171304 509266 0 3933188 2840676 903787 188725 1076729 777649 247416 51664 0 59770 59770 228000 228000 16500 16500 0 75791 75791 907810 440741 382820 84249 955973 794774 105359 55840 1071344 700613 296816 73915 1076378 687005 330010 59363 0 4005089 2467587 1392475 145027 832440 606713 225727 0 221366 92057 73996 55313 255638 255638 0 3023071 2454670 501984 66417 265596 53208 212388 BAD DEBT 89139 70619 18520 OTHER EDUCATION EXPENSE 292533 268174 24359 BOND EXPENSE 461527 461527 MISCELLANEOUS EXPENSE 412330 79720 326256 6354 53470503 42668758 9178623 1623122 9135 9135 5536173 3935093 114150 317357 1732223 1581745 0 22513 0 0 1816187 2039271 0 0 2473846 2565423 86079248 45508144 42528849 40571104 18088235 18256918 0 0 0 0 0 0 409509 343546 72708307 69642105 4953828 3371480 0 0 3293848 3214735 11720000 0 0 0 0 0 434261 11935640 0 0 278891 574243 20680828 19096098 X 28838105 28183832 6967493 5609151 16221881 16753024 52027479 50546007 72708307 69642105 X -2794552 -793674 2106754 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false true 16500 16500 false false PART II-B, LINE 1I MALONE UNIVERSITY PAID A LOBBYIST TO REPRESENT THE UNIVERSITY IN LEGISLATURE WITH RESPECTS TO EDUCATIONAL ISSUES AFFECTING THE HIGHER EDUCATION INDUSTRY. 20063429 531143 328751 1038081 296024 55791 19533427 18256912 155584 2362809 398331 263675 49870 20063429 17155644 360465 1583923 438192 341888 63040 18256912 17816310 206186 47348 535381 312977 65842 17155644 15467953 213222 3302902 760998 321429 85340 17816310 0.86000 0.14000 false false 2146345 2146345 52354877 18700147 33654730 17729931 15064380 2665551 13848095 11743617 2104478 40571104 0 0 31629809 -793674 -793674 32423483 55791 18196677 18252468 50675951 35218035 35218035 55791 18196677 18252468 53470503 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, LINE 4B FINANCIAL AID 17,602,054 OUTSIDE SCHOLARSHIPS 594,623 TOTAL: $18,196,677 PART XII, LINE 4B FINANCIAL AID 17,602,054 OUTSIDE SCHOLARSHIPS 594,623 TOTAL: $18,196,677 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 CARRIED IN WRITTEN FORM IN THE UNIVERSITY CATALOG, ON ALL ADMISSIONS DOCUMENTS AND OTHER DOCUMENTS DISEMINATED 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 & HUMAN SERVICES, THE DEPARTMENT OF VETERAN'S AFFAIRS, AND THE CORPORATION FOR NATIONAL & 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 3455 18196677 SCHEDULE I, PART I, LINE 2 GRANTS & SCHOLARSHIPS ARE MONITORED FOR APPROPRIATE USE BY VALIDATING REGISTRATION AND SATISFACTORY PROGRESS TOWARDS COMPLETION OF EDUCATIONAL REQUIREMENTS. X X X true true X X X X false true false false false false false false false DR DAVID KING PRESIDENT 193736 0 0 0 6000 0 19900 0 16715 0 236351 0 0 0 SCHEDULE J, PART I, LINE 1A DR KING, THE ORGANIZATION'S PRESIDENT, RECEIVES TRAVEL FOR COMPANIONS AND CLUB DUES IN ORDER TO FACILITATE MEETINGS WITH PROSPECTIVE DONORS. THIS IS FOR BUSINESS USE ONLY AND IS SUFFICIENTLY DOCUMENTED. IT IS NON-TAXABLE. SCHEDULE J, PART I, LINE 4C IN 2014, MALONE UNIVERSITY CONTRIBUTED ON BEHALF OF DR. DAVID KING $15,000 TO A PLAN SUBJECT TO SECTION 457(F). JOY BRATHWAITE EMPLOYEE MASTERS DEGREE LOAN X 43000 22513 false false true 22513 X 6 210029 FMV false true true SCHEDULE M, PART I, LINE 31 USE STOCK BROKERS TO SELL GIFTS OF STOCK WITH DONATIONS SENT TO THE UNIVERSITY. FORM 990, PART VI, LINE 2 DANIEL CALE AND GEORGE SUTTON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, LINE 11B MALONE UNIVERSITY BOARD OF TRUSTEES REVIEWS A DRAFT OF FORM 990 EXCLUDING SCHEDULE B AND GIVES THEIR APPROVAL. A FINAL COPY OF FORM 990 EXCLUDING SCHEDULE B IS PROVIDED TO EACH BOARD MEMBER PRIOR TO SUBMISSION TO THE IRS BY THE AUDIT FIRM. FORM 990, PART VI, 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, 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 REBUTTABLE PRESUMPTION OF REASONABLENESS TEST. FORM 990, PART VI, 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 DEANS AND KEY FACULTY MEMBERS. FORM 990, PART VI, 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 REQUESTOR FREE OF CHARGE. FORM 990, PART XI, LINE 9 ACTUARIAL GAIN ON POSTRETIREMENT BENEFIT PLAN 1,925,430 CHANGE IN VALUE OF DERIVATIVE CONTRACT 181,324 TOTAL: 2,106,754