Totals
- Total revenue
- $44,995,967
- Total expenses
- $43,957,424
- Contributions and grants received
- $9,489,938
- Grants paid
- $16,246,574
- Program service revenue
- $34,694,589
- Investment income
- $761,348
- Other revenue
- $50,092
- Total assets, end of year
- $65,052,028
- Total liabilities, end of year
- $18,045,364
- Net assets or fund balances, end of year
- $47,006,664
- Program services expenses (Part IX)
- $36,294,224
- Management and general expenses
- $6,783,950
- Fundraising expenses
- $879,250
- Program service expenses (Part III)
- $36,294,224
Program services were 82.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$4,967,899
-
1f · All other contributions, gifts and grants
$4,522,039
-
1g · Noncash contributions included above
$79,229
-
2a · Program service revenue: TUITION, FEES, ETC
total $28,575,881 · related or exempt $28,575,881
-
2b · Program service revenue: AUXILIARY REVENUE
total $5,819,343 · related or exempt $5,819,343
-
2c · Program service revenue: PARKING FEES
total $2,275 · related or exempt $2,275
-
2d · Program service revenue: TESTING SERVICES
total $1,215 · related or exempt $1,215
-
2e · Program service revenue: TRANSCRIPT FEES
total $13,958 · related or exempt $13,958
-
2f · All other program service revenue
total $281,917 · related or exempt $281,917
-
3 · Investment income
total $635,429 · excluded $635,429
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $8,190,234 · other assets $353
-
7b · Less cost or other basis and sales expenses
securities $8,036,167 · other assets $28,501
-
7c · Gain or loss
securities $154,067 · other assets -$28,148
-
7d · Net gain or loss
total $125,919 · excluded $125,919
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$50,092
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $50,092 · related or exempt $50,092
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $16,246,574 · program services $16,246,574
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,060,682 · program services $208,915 · management and general $745,527 · fundraising $106,240
-
6 · Compensation of disqualified persons
total $137,727 · program services $137,727
-
7 · Other salaries and wages
total $9,664,871 · program services $7,120,226 · management and general $2,184,926 · fundraising $359,719
-
8 · Pension plan contributions
total $58,180 · program services $39,990 · management and general $15,694 · fundraising $2,496
-
9 · Other employee benefits
total $2,727,403 · program services $1,874,678 · management and general $735,738 · fundraising $116,987
-
10 · Payroll taxes
total $777,512 · program services $534,422 · management and general $209,740 · fundraising $33,350
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $33,434 · management and general $33,434
-
11c · Fees: accounting
total $81,810 · management and general $81,810
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $93,516 · management and general $93,516
-
11g · Fees: other
total $1,545,587 · program services $1,206,157 · management and general $311,188 · fundraising $28,242
-
12 · Advertising and promotion
total $929,447 · program services $444,947 · management and general $420,474 · fundraising $64,026
-
13 · Office expenses
total $272,520 · program services $153,130 · management and general $66,378 · fundraising $53,012
-
14 · Information technology
total $986,432 · program services $244,181 · management and general $742,251
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,236,216 · program services $1,006,850 · management and general $229,366
-
17 · Travel
total $683,326 · program services $639,139 · management and general $32,428 · fundraising $11,759
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $70,054 · program services $42,274 · management and general $27,530 · fundraising $250
-
20 · Interest
total $844,662 · program services $844,662
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,212,222 · program services $1,520,569 · management and general $596,764 · fundraising $94,889
-
23 · Insurance
total $186,073 · management and general $186,073
-
24a · Other expenses: OTHER AUXILLARY
total $2,935,710 · program services $2,935,710
-
24b · Other expenses: BAD DEBT
total $74,753 · program services $74,753
-
24c · Other expenses: OTHER EDUCATION EXPENSE
total $289,750 · program services $289,750
-
24d · Other expenses: DUES/MEMBERSHIPS
total $152,031 · program services $72,638 · management and general $71,113 · fundraising $8,280
-
24e · All other expenses
total $656,932 · program services $656,932
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,000 · end of year $9,000
-
2 · Savings and temporary cash investments
beginning of year $6,700,516 · end of year $4,329,705
-
3 · Pledges and grants receivable
beginning of year $712,234 · end of year $1,585,407
-
4 · Accounts receivable
beginning of year $1,028,697 · end of year $864,296
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $634,783 · end of year $446,283
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,078,303 · end of year $1,009,560
-
10a · Land, buildings and equipment: cost or other basis
$99,485,090
-
10b · Land, buildings and equipment: accumulated depreciation
$63,082,424
-
10c · Land, buildings and equipment, net
beginning of year $37,979,713 · end of year $36,402,666
-
11 · Investments: publicly traded securities
beginning of year $14,812,760 · end of year $18,950,559
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $1,312,401 · end of year $1,454,552
-
17 · Accounts payable and accrued expenses
beginning of year $2,097,480 · end of year $1,545,308
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $1,662,356 · end of year $1,628,515
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $10,381,365 · end of year $9,792,229
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $5,205,342 · end of year $5,079,312
-
27 · Net assets without donor restrictions
beginning of year $19,237,855 · end of year $19,430,734
-
28 · Net assets with donor restrictions
beginning of year $25,684,009 · end of year $27,575,930
Mission and programs · 2022
Mission
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.
Activities or mission (Part I)
THE UNIVERSITY IS COMMITTED TO INTELLECTUAL ENRICHMENT IN THE CONTEXT OF CHRISTIAN FAITH THAT PRODUCES GRADUATES WITH A LOVE OF TRUTH AND MATURE FAITH.
-
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.
Expenses $28,788,593 · Grants $16,000,727 · Revenue $31,586,409
-
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.
Expenses $1,518,745 · Grants $30,146 · Revenue $51,813
-
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.
Expenses $5,986,886 · Grants $215,701 · Revenue $3,106,459
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DAVID KING
FORMER PRESIDENT (END 06/22)
- Total calculated
- $256,719
- From this org
- $240,823
- From related orgs
- $0
- Other
- $15,896
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $182,823
- Bonus
- $40,000
- Other
- $18,000
- Deferred
- not reported
- Nontaxable benefits
- $15,896
- Filer's total
- $256,719
-
GREG MILLER
PRESIDENT (START 07/22)
- Total calculated
- $233,672
- From this org
- $112,535
- From related orgs
- $0
- Other
- $121,137
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $90,035
- Bonus
- $22,500
- Other
- not reported
- Deferred
- $94,269
- Nontaxable benefits
- $26,868
- Filer's total
- $233,672
-
KATIE ROBBINS
VP FINANCE & BUSINESS AFFAIRS
- Total calculated
- $154,674
- From this org
- $132,870
- From related orgs
- $0
- Other
- $21,804
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,870
- Bonus
- not reported
- Other
- not reported
- Deferred
- $21,216
- Nontaxable benefits
- $588
- Filer's total
- $154,674
-
JASON MOYER
VP ENROLLMENT (END 12/22)
- Total calculated
- $123,465
- From this org
- $106,469
- From related orgs
- $0
- Other
- $16,996
- Hours/week
- 40
-
TIM BRYAN END 0423
VP MARKETING & COMMUNICATIONS
- Total calculated
- $122,251
- From this org
- $114,190
- From related orgs
- $0
- Other
- $8,061
- Hours/week
- 40
-
PATRICK ROBERTS
VP ADVANCEMENT (END 10/22)
- Total calculated
- $121,748
- From this org
- $107,628
- From related orgs
- $0
- Other
- $14,120
- Hours/week
- 40
-
MELODY SCOTT
VP STUDENT DEVELOPMENT
- Total calculated
- $99,334
- From this org
- $91,531
- From related orgs
- $0
- Other
- $7,803
- Hours/week
- 40
-
CHRISTINA SCHNYDERS
INTERIM PROVOST - PROVOST
- Total calculated
- $89,509
- From this org
- $73,006
- From related orgs
- $0
- Other
- $16,503
- Hours/week
- 40
-
LYNDON THOMAS
TRUSTEE
- Total calculated
- $2,160
- From this org
- $2,160
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
ALICE WILLIAMS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
CATHY ANDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL MITCHELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID MILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID MUNGO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DEBORAH NOBLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DEBORAH ROBINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ERIC LUND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GEOFF SCHULTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JACK RADCLIFFE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAMES SMUCKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KRISTA ALLISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LAMAR WYSE
GOVERNANCE
- Total calculated
- $0
- Hours/week
- 1
-
LARRY SMERGLIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARCIE CURRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARTHA MOONEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MATTHEW SUTTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PAMELA BURCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RODNEY NEUENSCHWANDER
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
RONALD CROCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SAMUEL HUANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHARI HANSEN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN GRABOWSKI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS CRAWFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
WALTER ARRINGTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN HOLLINGSWORTH
VP ADVANCEMENT (START 01/23)
- Total calculated
- $0
- Hours/week
- 40
-
ERIC YOUNG START 0423
VP ENROLLMENT & MARKETING
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- 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.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401279349303205
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