Malone University FY2021 filing

Tax-deductible

Canton, OH501(c)(3)Since 1899Colleges & UniversitiesEIN 34-0737794Revenue $44.9M in FY2021

On file with the IRSmalone.edu2600 Cleveland Ave Nw, 44709-3308 · Canton, OHTax-exempt since Dec 1958School — 170(b)(1)(A)(ii)

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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.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$948K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $161K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$948K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $84K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$19.3M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 27 voting members
Looks good: 23 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44.9M
-0.4% vs prior year
Spent
$43.2M
To programs
83%
Net assets
$49.4M
By yearFY2020–FY2025
Revenue
$44.9M
FY2021-0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$45.1M
FY2021$44.9M
FY2022$43.1M
FY2023$45.0M
FY2024$43.0M
FY2025$45.4M
Expenses
$43.2M
FY2021▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$47.0M
FY2021$43.2M
FY2022$44.3M
FY2023$44.0M
FY2024$43.8M
FY2025$45.2M
Net assets
$49.4M
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$43.2M
FY2021$49.4M
FY2022$44.9M
FY2023$47.0M
FY2024$48.4M
FY2025$49.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1958.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $35.9M Management & general 15% · $6.5M Fundraising 2% · $820K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

33 people listed on the 990; $948K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$335,770Pt VII · Sec A
VP Finance/Business Affairs
$129,270Pt VII · Sec A
VP Marketing & Communications
$121,568Pt VII · Sec A
VP Advancement
$116,368Pt VII · Sec A
$104,998Pt VII · Sec A
VP Human Resources/Community
$72,822Pt VII · Sec A
Dean of Students
$66,724Pt VII · Sec A
$0Pt VII · Sec A

Greg Miller’s $233K as President is at the 48th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David King—$208,051$240,823$198,673$335,770$225,709
Greg Miller$232,752$180,042$112,535$113,274$104,998$89,012
Katie Robbins$172,739$146,043$132,870$130,703$129,270$94,824
Patrick Roberts Left 1022———$131,346——
Tim Bryan———$118,493$121,568$117,742
Eric Young$120,201$86,703————
Brian Hollingsworth$117,139$110,951————
Patrick Roberts——$107,628—$116,368$90,060

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students for intellectual growth and mature Christian faith.

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Provided by the organization

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3 programs · $35.9M · in their own filed words · FY2020
01

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.

$27.4Mprogram expense
02

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), clinical mental health counseling (maed), and…

$6.5Mprogram expense
03

Non-Traditional Undergraduate

Continuing studies - malone university offers two degree completion options to adult learners with prior undergraduate coursework: MGMT (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.

$1.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 6 funders →
Grants paid · 6 grants · $102.4M · 2019–2024
Unitemized GrantFY2024$17,924,624
Unitemized GrantFY2023$17,275,644
Unitemized GrantFY2022$16,246,574
Unitemized GrantFY2021$16,645,262
Unitemized GrantFY2020$16,586,376
Unitemized GrantFY2019$17,695,478

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$44.9M
Ln 12
Fees for servicesLn 2g$36.8M
Gifts and grantsLn 1h$7.6M
Investment incomeLn 3$436K
Money outPt IX
$43.2M
Ln 25
Programscol B$35.9M
Managementcol C$6.5M
Fundraisingcol D$820K
Owns and owesPt X
$49.4M
net assets · Ln 32
Cash and savingsLn 1–2$6.5M
Total assetsLn 16$68.7M
LiabilitiesLn 26$19.3M
PeoplePt VI, VII
33
listed · VII A
PaidVII A7
Voting boardVI 1a27
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.6M
Government grantsLn 1e$4.6M
Noncash giftsLn 1g$127K
Fees for servicesLn 2g$36.8M
Investment incomeLn 3$436K
Other incomeLn 4–11$57K
Gains on assetsLn 7−$2K
Total revenueLn 12$44.9M
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$6.5M
Cash and savings togetherLn 1–2$6.5M
InvestmentsLn 11–13$17.6M
Land, buildings, equipmentLn 10c$38.2M
Other assetsLn 15$1.6M
Total assetsLn 16$68.7M
LiabilitiesLn 26$19.3M
Net assetsLn 32$49.4M
OperationsPt I, VI
EmployeesI 5722
VolunteersI 627
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$9.7M$6.5M
InvestmentsLn 11–13$13.6M$17.6M
Land, buildings, equipmentLn 10c$38.4M$38.2M
Total assetsLn 16$68.4M$68.7M
LiabilitiesLn 26$25.1M$19.3M
Net assetsLn 32$43.2M$49.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$16.6M$16.6M
Grants and assistance to foreign recipientsLn 3$15K$15K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$987K$188K$667K$131K
Pay of disqualified personsLn 6$76K$76K
Other salaries and wagesLn 7$10.1M$7.7M$2.1M$334K
Pension plan contributionsLn 8$66K$47K$17K$3K
Other employee benefitsLn 9$2.7M$1.9M$672K$113K
Payroll taxesLn 10$662K$470K$165K$28K
Management feesLn 11a$0
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$55K$55K
Lobbying feesLn 11d$54K$54K
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$84K$84K
Other fees for servicesLn 11g$1.5M$1.2M$284K
Advertising and promotionLn 12$868K$335K$509K$24K
Office expensesLn 13$277K$162K$76K$39K
Information technologyLn 14$947K$718K$229K
RoyaltiesLn 15$0
OccupancyLn 16$1.2M$627K$537K
TravelLn 17$332K$297K$14K$21K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$42K$25K$17K
InterestLn 20$742K$742K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2.2M$1.6M$551K$93K
InsuranceLn 23$168K$4K$164K
Other expenses (24a–d)Ln 24$3.5M$3.2M$241K$35K
Total functional expensesLn 25$43.2M$35.9M$6.5M$820K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $45.4M$45.2M$202K$49.2M 990 PDF
FY2024 $43.0M$43.8M−$836K$48.4M 990 PDF
FY2023 $45.0M$44.0M$1.0M$47.0M 990 PDF
FY2022 $43.1M$44.3M−$1.2M$44.9M 990 PDF
FY2021 Viewing $44.9M$43.2M$1.7M$49.4M 990 PDF
FY2020 $45.1M$47.0M−$1.9M$43.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $44,894,843 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,334,015$7,616,291
I-9 Program service revenuePrior year $40,997,936$36,784,950
I-10 Investment incomePrior year $701,168$436,221
I-11 Other revenuePrior year $56,345$57,381
I-12 Total revenuePrior year $45,089,464$44,894,843
I-13 Grants and similar amounts paidPrior year $17,695,478$16,601,376
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $15,849,624$14,615,783
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,454,166$11,955,107
I-18 Total expensesPrior year $46,999,268$43,172,266
I-19 Revenue less expensesPrior year −$1,909,804$1,722,577
Part VI · Governance 23 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $44,894,843 across 11 lines filed
Lines not itemized here account for $167,854 of total revenue; see the IRS return.
VIII-1e Government grants$4,573,780
VIII-1f All other contributions, gifts and grants$3,042,511
VIII-1g Noncash contributions (included above)$126,762
VIII-1h Total contributions, gifts and grants$7,616,291
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,674,477$36,674,477
VIII-3 Investment incomeExcluded from tax $438,113$438,113
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,892−$1,892
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $36,842,331 · Excluded from tax $436,221$44,894,843
Part IX · Statement of functional expenses $43,172,266 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $16,586,376$16,586,376
IX-3 Grants and assistance to foreign recipientsPrograms $15,000$15,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $188,500 · Management $667,148 · Fundraising $131,487$987,135
IX-6 Pay of disqualified personsPrograms $76,303$76,303
IX-7 Other salaries and wagesPrograms $7,690,561 · Management $2,101,260 · Fundraising $333,506$10,125,327
IX-8 Pension plan contributionsPrograms $47,123 · Management $16,557 · Fundraising $2,781$66,461
IX-9 Other employee benefitsPrograms $1,913,484 · Management $672,003 · Fundraising $112,872$2,698,359
IX-10 Payroll taxesPrograms $469,518 · Management $164,971 · Fundraising $27,709$662,198
IX-11a Management fees$0
IX-11b Legal feesManagement $25,508$25,508
IX-11c Accounting feesManagement $55,093$55,093
IX-11d Lobbying feesManagement $54,410$54,410
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $84,436$84,436
IX-11g Other fees for servicesPrograms $1,202,046 · Management $284,487$1,486,533
IX-12 Advertising and promotionPrograms $335,097 · Management $508,949 · Fundraising $23,978$868,024
IX-13 Office expensesPrograms $161,591 · Management $75,631 · Fundraising $39,397$276,619
IX-14 Information technologyPrograms $717,598 · Management $229,052$946,650
IX-15 Royalties$0
IX-16 OccupancyPrograms $627,410 · Management $537,077$1,164,487
IX-17 TravelPrograms $296,662 · Management $14,062 · Fundraising $21,331$332,055
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $24,818 · Management $17,370$42,188
IX-20 InterestPrograms $741,607$741,607
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,583,238 · Management $550,955 · Fundraising $92,541$2,226,734
IX-23 InsurancePrograms $3,852 · Management $163,859$167,711
IX-24 Other expenses (24a–d)Programs $3,207,748 · Management $240,623 · Fundraising $34,681$3,483,052
IX-25 Total functional expensesPrograms $35,888,532 · Management $6,463,451 · Fundraising $820,283$43,172,266
Part X · Balance sheet $68,667,237 assets, 24 lines filed
Asset lines not itemized here account for $1,030,935; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $9,000$9,000
X-2 Savings and temporary cash investmentsStart of year $9,650,953$6,452,355
X-3 Pledges and grants receivableStart of year $956,351$1,203,871
X-4 Accounts receivableStart of year $1,758,773$1,187,461
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,311,363$1,402,468
X-10c Land, buildings and equipment, netStart of year $38,402,378$38,180,929
X-11 Publicly traded securitiesStart of year $13,627,219$17,580,905
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1,365,714$1,619,313
X-16 Total assetsStart of year $68,363,270$68,667,237
X-17 Accounts payable and accrued expensesStart of year $2,338,999$2,335,057
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $6,844,495$3,751,917
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $4,512,303$2,223,614
X-26 Total liabilitiesStart of year $25,148,359$19,252,096
X-27 Net assets without donor restrictionsStart of year $17,396,012$18,392,374
X-28 Net assets with donor restrictionsStart of year $25,818,899$31,022,767
X-32 Total net assets or fund balancesStart of year $43,214,911$49,415,141
X-33 Total liabilities and net assetsStart of year $68,363,270$68,667,237
Part XI · Reconciliation of net assets $49,415,141 net assets at year end
XI-1 Total revenue$44,894,843
XI-2 Total expenses$43,172,266
XI-3 Revenue less expenses$1,722,577
XI-4 Net assets at start of year$43,214,911
XI-5 Net unrealized gains (losses) on investments$4,215,767
XI-9 Other changes in net assets$261,886
XI-10 Net assets at end of year$49,415,141

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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