Skip to content
Nonprofiteer
← MARANATHA BAPTIST UNIVERSITY INC

Form 990 for tax year 2022

Filed by MARANATHA BAPTIST UNIVERSITY INC.

Totals

Total revenue
$17,461,517
Total expenses
$18,072,719
Contributions and grants received
$1,151,300
Grants paid
$2,198,525
Program service revenue
$15,446,437
Investment income
-$9,295
Other revenue
$873,075
Total assets, end of year
$23,319,670
Total liabilities, end of year
$5,948,057
Net assets or fund balances, end of year
$17,371,613
Program services expenses (Part IX)
$15,633,604
Management and general expenses
$2,292,872
Fundraising expenses
$146,243
Program service expenses (Part III)
$15,633,604

Program services were 86.5% 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.

  • 1c · Fundraising events

    $39,860

  • 1e · Government grants (contributions)

    $26,406

  • 1f · All other contributions, gifts and grants

    $1,085,034

  • 1g · Noncash contributions included above

    $55,994

  • 2a · Program service revenue: TUITION AND FEES

    total $10,915,940 · related or exempt $10,915,940

  • 2b · Program service revenue: ROOM AND BOARD

    total $3,172,420 · related or exempt $3,172,420

  • 2c · Program service revenue: DAYCARE/PRESCHOOL

    total $630,601 · related or exempt $630,601

  • 2d · Program service revenue: ATHLETIC CAMPS

    total $137,805 · related or exempt $137,805

  • 2e · Program service revenue: PIANO STRING PREPARATORY

    total $100,967 · related or exempt $100,967

  • 2f · All other program service revenue

    total $488,704 · related or exempt $488,704

  • 3 · Investment income

    total -$9,295 · related or exempt -$9,295

  • 6a · Gross rents

    real property $241,020

  • 6c · Rental income or loss

    real property $241,020

  • 6d · Net rental income or loss

    total $241,020 · related or exempt $241,020

  • 8a · Fundraising events: gross income

    $13,792

  • 8a · Fundraising events: contributions included on line 1c

    $39,860

  • 8b · Fundraising events: direct expenses

    $21,228

  • 8c · Net income from fundraising events

    total -$7,436

  • 10a · Gross sales of inventory

    $96,971

  • 10b · Cost of goods sold

    $115,291

  • 10c · Net income from sales of inventory

    total -$18,320

  • 11a · Other revenue: DOUBTFUL ACCOUNTS RECOVERY

    total $8,018 · related or exempt $8,018

  • 11b · Other revenue: MISCELLANEOUS

    total $649,793 · related or exempt $649,793

  • 11e · Other revenue, total

    $657,811

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $349,371 · program services $349,371

  • 2 · Grants to domestic individuals

    total $1,849,154 · program services $1,849,154

  • 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 $381,579 · management and general $381,579

  • 6 · Compensation of disqualified persons

    total $6,726,293 · program services $5,781,813 · management and general $890,821 · fundraising $53,659

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $2,656,209 · program services $2,177,765 · management and general $454,210 · fundraising $24,234

  • 10 · Payroll taxes

    total $455,875 · program services $368,317 · management and general $84,986 · fundraising $2,572

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,238 · management and general $1,238

  • 11c · Fees: accounting

    total $66,114 · management and general $66,114

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $214,866 · program services $214,866

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $317,507 · program services $93,110 · management and general $224,397

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $692,770 · program services $692,770

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $189,527 · management and general $189,527

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,125,846 · program services $1,125,846

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Instruction

    total $309,323 · program services $309,323

  • 24b · Other expenses: Academic Support

    total $295,663 · program services $295,663

  • 24c · Other expenses: Student Services

    total $340,788 · program services $340,788

  • 24d · Other expenses: Institutional Support

    total $734,636 · program services $668,858 · fundraising $65,778

  • 24e · All other expenses

    total $1,365,960 · program services $1,365,960

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,065,338 · end of year $1,730,593

  • 2 · Savings and temporary cash investments

    beginning of year $167,419 · end of year $984,571

  • 4 · Accounts receivable

    beginning of year $106,438 · end of year $204,620

  • 8 · Inventories for sale or use

    beginning of year $14,940 · end of year $14,820

  • 9 · Prepaid expenses and deferred charges

    beginning of year $139,221 · end of year $119,596

  • 10a · Land, buildings and equipment: cost or other basis

    $32,588,091

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,984,341

  • 10c · Land, buildings and equipment, net

    beginning of year $15,769,590 · end of year $15,603,750

  • 11 · Investments: publicly traded securities

    beginning of year $3,345,274 · end of year $2,907,523

  • 12 · Investments: other securities

    beginning of year $44,156 · end of year $48,764

  • 15 · Other assets

    beginning of year $1,734,524 · end of year $1,705,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $192,523 · end of year $231,201

  • 19 · Deferred revenue

    beginning of year $76,058 · end of year $67,581

  • 23 · Secured mortgages and notes payable

    beginning of year $4,483,229 · end of year $4,141,533

  • 25 · Other liabilities

    beginning of year $1,059,567 · end of year $1,507,742

  • 27 · Net assets without donor restrictions

    beginning of year $15,327,393 · end of year $15,387,411

  • 28 · Net assets with donor restrictions

    beginning of year $2,248,130 · end of year $1,984,202

Mission and programs · 2022

Mission

THE UNIVERSITY TRAINS MEN AND WOMEN FOR EFFECTIVE GOSPEL MINISTRY IN THE LOCAL CHURCH THROUGH A HIGHER EDUCATIONAL PROGRAM OF BIBLICAL, GENERAL, AND PROFESSIONAL STUDIES.

  • THE SOLE PROGRAM SERVICE ACTIVITY IS THE OPERATION OF A CHRISTIAN UNIVERSITY AND HIGH SCHOOL OVER 1,400 MAIN CAMPUS AND ONLINE STUDENTS. ALL ACTIVITIES ARE DIRECTLY RELATED TO THIS PURPOSE. THE UNIVERSITY PRINTS PROMOTIONAL MATERIALS, A COURSE CATALOG, AND TWO EDITIONS OF A MAGAZINE ANNUALLY.

    Expenses $15,633,604 · Grants $2,202,707 · Revenue $15,446,437

As filed on the 2022 return.

Listed in Part VII

  • Dr Matthew Davis

    CEO

    Total calculated
    $166,256
    From this org
    $112,913
    From related orgs
    $0
    Other
    $53,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,913
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $53,343
    Filer's total
    $166,256

  • Dr Marty Marriott

    PRESIDENT

    Total calculated
    $97,534
    From this org
    $95,060
    From related orgs
    $0
    Other
    $2,474
    Hours/week
    40

  • Mr Donald Donovan

    VP BUSINESS AFFAIRS

    Total calculated
    $94,655
    From this org
    $71,784
    From related orgs
    $0
    Other
    $22,871
    Hours/week
    40

  • Dr Robert Loggans

    SECRETARY

    Total calculated
    $4,886
    From this org
    $4,886
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr William Lincoln

    TRUSTEE

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Pastor Dave Anderson

    TRUSTEE

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dr Doug Jackson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Dr Michael Dean

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mr Mark Poorman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mr Darrell Beernink

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr David Oliver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Kevin Ames Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Michael Stoltenberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr David Baldwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Randy Melchert Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Zachary Mortimer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Andy Counterman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Pastor Chad Prigge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Tim Schmig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Stephen Burton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Randell Gillespie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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 · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

Part I Line 1b
The University designates a portion of ministerial cash compensation as housing allowance.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349311305

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.