Malone University
Malone University reported $45.4 million in revenue and $45.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.58 went to program services, $13.07 to management and general costs and $2.35 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 82.0% of the total. The highest compensation it reported for one person was $297,871 (PRESIDENT). 5 people received more than $100,000 in reportable compensation. Revenue rose 1% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $45MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $45M- Contributions & grants (non-government)$11.01 $5.0M
- Government grants$2.15 $979K
- Program service revenue$81.92 $37M
- Investment income$4.92 $2.2M
Other revenue was negative: −$73,926. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.18 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 13.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 82.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $297,871 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.66% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 27 of 31 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseTraditional 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…
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 administration (mba), school counseling (maed), nursing (msn), and clinical mental health counseling (maed). Fall 2024 graduate fte enrollment was 211.2; headcount was 263. In addition, Malone University offers options for education and business professional development through workshops and certificate programs
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 2024 mgmt fte enrollment was 10.7; headcount was 16. 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.…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.0 hrs/week | $232,752 | $0 | $65,119 | $297,871 |
| VP FINANCE & BUSINESS AFFAIRS Officer, 40.0 hrs/week | $172,739 | $0 | $21,960 | $194,699 |
| VP ENROLLMENT & MARKETING Officer, 40.0 hrs/week | $120,201 | $0 | $15,098 | $135,299 |
| PROVOST Officer, 40.0 hrs/week | $116,041 | $0 | $15,043 | $131,084 |
| VP ADVANCEMENT Officer, 40.0 hrs/week | $117,139 | $0 | $13,868 | $131,007 |
| VP STUDENT DEVELOPMENT Officer, 40.0 hrs/week | $98,833 | $0 | $7,033 | $105,866 |
| TRUSTEE Director/trustee, 1.0 hrs/week | $8,981 | $0 | $0 | $8,981 |
5 people received more than $100,000 in reportable compensation from Malone University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $886K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b31 · 27 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5722
- Volunteers Part I, line 627
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| AVI FOODSYSTEMS INC Food services | $2,146,030 |
| SLINGSHOT LP Bookstore | $433,689 |
| ENROLLMENTFUEL LLC Enrollment services | $412,410 |
| JENZABAR Software | $262,631 |
| ALLIANCE COMMUNITY HOSPITAL Athletic training services | $258,886 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
25 private foundations reported grants to Malone University totaling $667K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Malone University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Malone University, you can publish a response that is linked from this page.
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Of every $100 Malone University spent in FY2025, $84.58 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- KIPP Colorado SchoolsDenver, CO · revenue $45M · programs 77.5% · FY2025
- Illinois College of OptometryChicago, IL · revenue $45M · programs 76.6% · FY2025
- The High Desert Partnership in Academic Excellence FoundationApple Valley, CA · revenue $45M · programs 58.8% · FY2025
- Fort Worth Country Day SchoolFort Worth, TX · revenue $45M · programs 76.9% · FY2025
- University of Health Sciences and Pharmacy in St LouisSaint Louis, MO · revenue $45M · programs 86.5% · FY2025
Questions people ask
How much of Malone University's spending goes to programs?
In the fiscal year ending June 30, 2025, Malone University reported that 84.6% of its $45.2 million in expenses went to program services, 13.1% to management and general and 2.4% to fundraising (Form 990, Part IX).
How much does Malone University pay its top executive?
The largest total compensation Malone University reported for one person in the fiscal year ending June 30, 2025 was $297,871, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Malone University get its money?
Of $45.4 million in revenue in the fiscal year ending June 30, 2025, 13.2% came from contributions and grants (including 2.2% from government grants) and 82.0% from program service revenue (Form 990, Part VIII).
Is Malone University a registered charity?
The IRS lists EIN 34-0737794 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631259349300943 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521299349300732 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401279349303205 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331289349302378 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231189349300648 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349307054 · read the filing
All filings for EIN 34-0737794: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.