Nonprofit · EIN 39-1097032
MARANATHA BAPTIST UNIVERSITY INC
Tax-exempt · WATERTOWN, WI 53094
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $19,081,586 | $18,782,192 | $299,394 | $23,252,967 | $5,973,149 | $17,279,818 |
| June 30, 2024 | 990 | $17,194,200 | $18,269,529 | -$1,075,329 | $22,477,582 | $5,775,783 | $16,701,799 |
| June 30, 2023 | 990 | $17,461,517 | $18,072,719 | -$611,202 | $23,319,670 | $5,948,057 | $17,371,613 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,089,380
- of which government grants
- $83,591
- Program service revenue
- $16,003,081
- Investment income
- $202,069
- Net rental income
- $260,700
- Net income from sales of inventory
- $7,495
- Other revenue
- $787,056
Expenses
- Grants and similar amounts paid
- $1,934,759
- Compensation of officers, directors and key employees
- $480,433
- Salaries, compensation and benefits (total)
- $10,896,094
- Professional fundraising fees
- $0
- Legal fees
- $14,949
- Accounting fees
- $46,459
- Occupancy
- $697,280
- Depreciation
- $1,272,182
- Program services (functional)
- $15,834,105
- Management and general (functional)
- $2,787,668
- Fundraising (functional)
- $160,419
Balance sheet and other
- Total assets, start of year
- $22,477,582
- Total assets, end of year
- $23,252,967
- Total liabilities, end of year
- $5,973,149
- Net assets, end of year
- $17,279,818
- Land, buildings and equipment
- $15,219,883
- Publicly traded securities
- $3,783,624
- Net assets without donor restrictions
- $15,551,288
- Net assets with donor restrictions
- $1,728,530
- Gross receipts
- $19,169,283
- Employees
- 672
- Volunteers
- 4
- Year formed
- 1968
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR MATTHEW DAVIS | CEO Trustee or director, Officer | 40 | $123,702 | $59,275 |
| MR DONALD DONOVAN | VP BUSINESS AFFAIRS Officer | 40 | $76,885 | $61,081 |
| DR DAVE ANDERSON | PRESIDENT Trustee or director, Officer | 40 | $55,202 | $32,000 |
| DR MARTY MARRIOTT | CHANCELLOR Trustee or director, Officer | 40 | $40,879 | $12,000 |
| DR JESSE SHERBURN | TRUSTEE Trustee or director | 2 | $16,185 | $0 |
| DR ROBERT LOGGANS | SECRETARY Trustee or director | 2 | $5,435 | $0 |
| DR DAVID OLIVER | CHAIRMAN Trustee or director | 2 | $100 | $0 |
| MR RANDELL GILLESPIE | TRUSTEE Trustee or director | 2 | $100 | $0 |
| DR MICHAEL DEAN | VICE-CHAIRMAN Trustee or director | 2 | $0 | $0 |
| MR MARK POORMAN | AT LARGE Trustee or director | 2 | $0 | $0 |
| MR DARRELL BEERNINK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR KEVIN AMES SR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR MICHAEL STOLTENBERG | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR DAVID BALDWIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR RANDY MELCHERT JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR ZACHARY MORTIMER | TREASURER Trustee or director | 2 | $0 |
| DR ANDY COUNTERMAN | TRUSTEE Trustee or director | 2 | $0 |
| PASTOR CHAD PRIGGE | TRUSTEE Trustee or director | 2 | $0 |
| DR TIM SCHMIG | TRUSTEE Trustee or director | 2 | $0 |
| MR STEPHEN BURTON | TRUSTEE Trustee or director | 2 | $0 |
| DR JEREMIAH COCHRAN | TRUSTEE Trustee or director | 2 | $0 |
| PASTOR DAVE SCHLAGEL | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR MATTHEW DAVIS | CEO Trustee or director, Officer | 40 | $124,955 | $67,268 |
| MR DONALD DONOVAN | VP BUSINESS AFFAIRS Officer | 40 | $70,686 | $49,514 |
| DR MARTY MARRIOTT | CHANCELLOR Trustee or director, Officer | 40 | $68,555 | $12,000 |
| DR DAVE ANDERSON | PRESIDENT Trustee or director, Officer | 40 | $31,916 | $15,000 |
| DR ROBERT LOGGANS | SECRETARY Trustee or director | 2 | $300 | $0 |
| DR DAVID OLIVER | CHAIRMAN Trustee or director | 2 | $250 | $0 |
| PASTOR CHAD PRIGGE | TRUSTEE Trustee or director | 2 | $100 | $0 |
| DR MICHAEL DEAN | VICE-CHAIRMAN Trustee or director | 2 | $0 | $0 |
| MR MARK POORMAN | AT LARGE Trustee or director | 2 | $0 | $0 |
| MR DARRELL BEERNINK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR WILLIAM LINCOLN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR KEVIN AMES SR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR MICHAEL STOLTENBERG | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR DAVID BALDWIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR RANDY MELCHERT JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR ZACHARY MORTIMER | TREASURER Trustee or director | 2 | $0 | $0 |
| DR ANDY COUNTERMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR TIM SCHMIG | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR STEPHEN BURTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR RANDELL GILLESPIE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR JEREMIAH COCHRAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR MATTHEW DAVIS | CEO Trustee or director, Officer | 40 | $112,913 | $53,343 |
| DR MARTY MARRIOTT | PRESIDENT Trustee or director, Officer | 40 | $95,060 | $2,474 |
| MR DONALD DONOVAN | VP BUSINESS AFFAIRS Officer | 40 | $71,784 | $22,871 |
| DR ROBERT LOGGANS | SECRETARY Trustee or director | 2 | $4,886 | $0 |
| DR WILLIAM LINCOLN | TRUSTEE Trustee or director | 2 | $500 | $0 |
| PASTOR DAVE ANDERSON | TRUSTEE Trustee or director | 2 | $100 | $0 |
| DR DOUG JACKSON | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| DR MICHAEL DEAN | VICE-CHAIRMAN Trustee or director | 2 | $0 | $0 |
| MR MARK POORMAN | TREASURER Trustee or director | 2 | $0 | $0 |
| MR DARRELL BEERNINK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR DAVID OLIVER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR KEVIN AMES SR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR MICHAEL STOLTENBERG | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR DAVID BALDWIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR RANDY MELCHERT JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR ZACHARY MORTIMER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR ANDY COUNTERMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PASTOR CHAD PRIGGE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR TIM SCHMIG | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR STEPHEN BURTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MR RANDELL GILLESPIE | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 745 W MAIN ST, WATERTOWN, WI 53094-1205
- In care of
- % DONALD DONOVAN
- Principal officer (990 for 2024)
- Donald Donovan, 745 W MAIN ST, WATERTOWN, WI 53094
- Signed the 990
- Donald Donovan, VP of Business Affairs
- Phone
- (920) 206-2314
- Website
- WWW.MBU.EDU
- Return prepared by
- Corey A Pfaffe CPA LLC
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.
Program accomplishments
- THE SOLE PROGRAM SERVICE ACTIVITY IS THE OPERATION OF A CHRISTIAN UNIVERSITY 1491 MAIN CAMPUS AND ONLINE STUDENTS. ALL ACTIVITIES ARE DIRECTLY RELATED TO THIS PURPOSE. THE UNIVERSITY PRINTS PROMOTIONAL MATERIALS AND A COURSE CATALOG.Expenses $15,834,105 · grants $1,934,759 · revenue $16,003,081
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1097032
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $23,252,967
- Income (IRS master file)
- $19,169,283
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $19,081,586 | $18,782,192 | $23,252,967 | IRS |
| 990 | June 2024 | $17,194,200 | $18,269,529 | $22,477,582 | IRS |
| 990 | June 2023 | $17,461,517 | $18,072,719 | $23,319,670 | XML |
| 990 | June 2022 | $18,420,969 | $17,579,178 | $23,386,900 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1097032).
Questions about MARANATHA BAPTIST UNIVERSITY INC
- What is the EIN of MARANATHA BAPTIST UNIVERSITY INC?
- The employer identification number (EIN) of MARANATHA BAPTIST UNIVERSITY INC is 39-1097032.
- Is MARANATHA BAPTIST UNIVERSITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to MARANATHA BAPTIST UNIVERSITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARANATHA BAPTIST UNIVERSITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MARANATHA BAPTIST UNIVERSITY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARANATHA BAPTIST UNIVERSITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MARANATHA BAPTIST UNIVERSITY INC?
- The 990 for the year ended June 30, 2025 names Donald Donovan.
- Who are the officers and directors of MARANATHA BAPTIST UNIVERSITY INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 8 received compensation from the organization, the highest $123,702 (DR MATTHEW DAVIS, CEO).
- How much revenue does MARANATHA BAPTIST UNIVERSITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $19,081,586, expenses of $18,782,192 and total assets of $23,252,967 at year end.
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