2024-04-12T13:48:47-05:00 2023-05-31 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2022-06-01 560554207 MARS HILL UNIVERSITY MARS 8286891111 PO BOX 370 MARS HILL NC 28754 DANIEL B WRIGHT VP OF FINANCE & ADMINISTRATION 8286891100 2024-04-12 1 DANIEL WRIGHT 999009999 0 MARK WOOLWINE P00647446 5404433606 2024-04-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANTHONY FLOYD 100 ATHLETIC STREET MARS HILL NC 28754 52030505 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. 34 34 699 17 -18169 0 18700382 8231480 41471038 40916162 3021540 2791632 56170 78824 63249130 52018098 21276787 21640386 0 0 14863123 15396098 0 0 1131102 17633550 17708339 53773460 54744823 9475670 -2726725 171154546 163995515 50148810 47885023 121005736 116110492 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 39034077 21640386 32087557 INSTRUCTION - PRIVATE LIBERAL ARTS UNIVERSITY OFFERING PROGRAMS LEADING TO FIVE DEGREES: BACHELOR OF ARTS, SCIENCE, MUSIC, SOCIAL WORK, AND FINE ARTS. APPROXIMATELY 965 STUDENTS BENEFITED. 1318692 8222914 ACADEMIC SUPPORT - SERVICES THAT ARE AN INTEGRAL PART OF THE UNIVERSITY'S PRIMARY MISSION OF EDUCATION. 2307712 605713 PUBLIC SERVICE - ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES TO GROUPS EXTERNAL TO THE UNIVERSITY. 42660481 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 129 0 1 699 1 0 0 0 0 0 0 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X DANIEL B WRIGHT 8286891100 100 ATHLETIC STREET MARS HILL NC 28754 W WAYNE HIGGINS TREASURER 1.00 X 0 0 0 PAUL POWELL TRUSTEE 1.00 X 0 0 0 CHERYL PAPPAS TRUSTEE 1.00 X 0 0 0 JOHN S AYERS TRUSTEE 1.00 X 0 0 0 CAROLE MARTIN TRUSTEE 1.00 X 0 0 0 DOUG BUCHANAN CHAIR 1.00 X X 0 0 0 MARK CABANISS 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 TRUSTEE 1.00 X 0 0 0 ERIC MANN TRUSTEE 1.00 X 0 0 0 KAREN SMITH TRUSTEE 1.00 X 0 0 0 CAROLYN FERGUSON TRUSTEE 1.00 X 0 0 0 WILL DAVIS 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 BRENT TOWNSEND VICE-CHAIR 1.00 X 0 0 0 CHARLES TRAMMELL TRUSTEE 1.00 X 0 0 0 JIM WILSON TRUSTEE 1.00 X 0 0 0 RON BROWN TRUSTEE 1.00 X 0 0 0 MAX BURGIN TRUSTEE 1.00 X 0 0 0 GENE HOLDWAY TRUSTEE 1.00 X 0 0 0 AMANDA BEATTY TRUSTEE 1.00 X 0 0 0 BUD HUGHES TRUSTEE 1.00 X 0 0 0 MARILYN TUCKER TRUSTEE 1.00 X 0 0 0 JULIAN CUTHBERTSON TRUSTEE 1.00 X 0 0 0 ANNA RENFRO SECRETARY 1.00 X 0 0 0 JEFF MILES TRUSTEE 1.00 X 0 0 0 AC HONEYCUTT TRUSTEE 1.00 X 0 0 0 BRIAN DANFORTH TRUSTEE 1.00 X 0 0 0 DOUG ECHOLS TRUSTEE 1.00 X 0 0 0 AUSTIN LEE TRUSTEE 1.00 X 0 0 0 MCKELLE ULM TRUSTEE 1.00 X 0 0 0 JAMESON DONNELL TRUSTEE 1.00 X 0 0 0 TONY FLOYD PRESIDENT 43.00 X 289693 0 16571 ROGER SLAGLE VP-FINANCE 43.00 X 148400 0 15083 HAROLD G CHRISTMAN VP-INSTITUTIONAL ADVANCEME 43.00 X 123331 0 14534 DAVE ROZEBOOM VP-STUDENT LIFE 43.00 X 117258 0 13871 TRACY PARKINSON PROVOST & VP FOR ENROLLMEN 43.00 X 155000 0 15784 GRAINGER CAUDLE SENIOR DIRECTOR OF PLANNING AND STRATEGY 43.00 X 118781 0 14325 JOANNA PIERCE DEAN OF THE DIVISION OF ARTS AND SCIENCES 43.00 X 142336 0 3829 1094799 0 93997 6 0 1 0 CHARTWELLS PO BOX 417632 BOSTON MA 02241 FOOD SERVICE CONTRACTOR 2434498 NATIONAL MANAGEMENT RESOURCES CORPORATIO PO BOX 1224 LAGRANGE GA 30241 FACILITIES CONTRACTOR 1386296 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 29502 ERC TAX CRETID PREPARATION 398523 SCANA ENERGY MARKETING INC PO BOX 751684 CHARLOTTE NC 28275 BUILDING CONTRACTOR 335010 SKY RUNNER INTERNET 5 REVENSROFT DRIVE ASHEVILLE NC 28801 INTERNET SERVICES 327477 14 263027 2247950 5720503 334914 8231480 TUITION AND FEES 611310 32087557 32087557 RESIDENCE HALLS 721310 7173380 7173380 CONFERENCES 611310 643232 643232 OTHER 900099 605713 605713 BOOKSTORE SALES 611710 249448 249448 156832 156832 40916162 380519 -18169 398688 71031 0 71031 71031 71031 2411091 22 0 0 2411091 22 2411113 22 2411091 20200 263027 12407 7793 7793 52018098 40916184 -18169 2888603 21640386 21640386 947560 286637 660923 11252975 9064271 1584419 604285 439743 439743 1850692 91054 1759638 905128 905128 13620 13620 2773764 734770 2016249 22745 126290 41701 34187 50402 776645 540467 148961 87217 668185 177002 485704 5479 1609236 1477922 131314 780890 663288 85039 32563 1357064 1357064 2586486 2371808 214678 832385 832385 UNRELATED BUSINESS INCO 85502 85502 PROGRAM EXPENSES 3767162 2822358 666411 278393 LEASE AND CONTRACT EXPE 673572 504640 119155 49777 CAFETERIA EXPENSE 586216 586216 1071322 300897 770184 241 54744823 42660481 10953240 1131102 13394344 17010145 3617145 4041616 681979 561650 5364306 2257806 254255 274782 149813 151460 116374561 48388503 68715060 67986058 3164367 3849698 64216267 59403766 11597010 8458534 171154546 163995515 5014880 3983841 498374 372555 43183077 41402801 1452479 2125826 50148810 47885023 X 34099335 32966063 86906401 83144429 121005736 116110492 171154546 163995515 X -2726725 -1621466 -547053 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60595250 896409 889275 3210088 59170846 64627321 789585 -1597987 2913187 310482 60595250 51109007 1687980 15344713 3059736 454643 64627321 51625021 2010078 922819 3437028 11883 51109007 51356035 5129566 -104582 4755998 51625021 0.04400 0.87840 0.07760 1 0 1779548 1779548 94324472 35705854 58618618 9999742 8070251 1929491 10270799 4612398 5658401 67986058 REAL ESTATE INVESTMENT TRUSTS 2816928 F ALTERNATIVE INVESTMENTS 52526864 F REAL ESTATE 334789 F MONEY MARKET ACCOUNTS 3725185 C 59403766 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 862562 BENEFICIAL INTERESTS IN TRUSTS 7595972 8458534 POST RETIREMENT BENEFIT OBLIGATION 555077 ANNUITIES PAYABLE 440369 CAPITAL LEASE OBLIGATION 1130380 2125826 X 28183165 -1621466 -559460 -2180926 30364091 13620 21640387 21654007 52018098 33078409 0 33078409 13620 21652794 21666414 54744823 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 UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVEUNE CODE. THE FEDERAL FORM 990 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 -28,062. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATIONS 72,460. FUNDRAISING EXPENSES -12,407. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -591,451. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 21,640,386. OTHER 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 21,640,386. FUNDRAISING EXPENSES 12,407. OTHER 1. 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. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED STUDENT FINANCIAL AID GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 21369976 0 0 0 0 0 0 21369976 0 21369976 0 0 0 0 0 0 PART III ACCOUNTING METHOD: DAY FOR MHU 263027 263027 8970 GOLF TOURNAMENT 20200 20200 3437 283227 263027 20200 12407 12407 7793 1 TUITION DISCOUNTS/SCHOLARSHIPS 977 21640386 PART I, LINE 2: THE PROCESS FOR MONITORING THE USE OF TUITION DISCOUNT OR GRANT/SCHOLARSHIP FUNDS AT MARS HILL UNIVERSITY INCLUDES THE USE OF A MATRIX THAT LIMITS AND DETERMINES THE AMOUNT OF ACADEMIC SCHOLARSHIP AWARDED. 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 TONY FLOYD PRESIDENT 289693 0 0 0 0 0 8085 0 8486 0 306264 0 0 0 TRACY PARKINSON PROVOST & VP FOR ENROLLMEN 155000 0 0 0 0 0 7750 0 8034 0 170784 0 0 0 ROGER SLAGLE VP-FINANCE 148400 0 0 0 0 0 7000 0 8083 0 163483 0 0 0 4270 TUITION REMISSION X 11 319523 AVERAGE HIGH/LOW AT TRAN X MISCELLANEOUS 6 15391 DONOR VALUE 0 0 0 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 CONFLICT OF INTEREST REQUIREMENT. IN THE EVENT THAT A POTENTIAL CONFLICT ARISES DURING THE YEAR, 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 72,460. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -28,062. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -591,451. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.