Civic Intelligence

Martin University

EIN 31-0970262 • 501(c)3 • Indianapolis, IN

Profile

To make higher education available to all who can benefit. Martin university serves minority, low income and adult learners in a healing and freedom-minded environment.

2186 North Sherman DriveIndianapolis, IN 46218

www.martin.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.27x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

73rd percentile

0.44x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

6th percentile

-56%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

6th percentile

-20%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2023

Revenue Growth

15th percentile

-17%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2023

Assets

Down

$7,300,873

Down $2,656,391 (-27%) from 2022

Liabilities

Down

$1,963,724

Down $169,536 (-7.9%) from 2022

Net Assets

Down

$5,337,149

Down $2,486,855 (-32%) from 2022

Revenue

Down

$4,418,081

Down $2,123,029 (-32%) from 2022

Expenses

Down

$6,904,936

Down $131,102 (-1.9%) from 2022

Net Income

Down

-$2,486,855

Down $1,991,927 (-402%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $11,569,596Liabilities 2011: $4,274,732Net Assets 2011: $7,294,8642011Assets 2012: $12,658,179Liabilities 2012: $5,060,428Net Assets 2012: $7,597,7512012Assets 2013: $12,127,257Liabilities 2013: $5,577,122Net Assets 2013: $6,550,1352013Assets 2014: $11,755,325Liabilities 2014: $4,887,574Net Assets 2014: $6,867,7512014Assets 2015: $10,697,750Liabilities 2015: $3,540,247Net Assets 2015: $7,157,5032015Assets 2016: $11,051,112Liabilities 2016: $3,359,675Net Assets 2016: $7,691,4372016Assets 2017: $11,489,696Liabilities 2017: $2,350,368Net Assets 2017: $9,139,3282017Assets 2018: $12,310,434Liabilities 2018: $2,793,602Net Assets 2018: $9,516,8322018Assets 2019: $11,155,914Liabilities 2019: $2,125,666Net Assets 2019: $9,030,2482019Assets 2020: $10,901,353Liabilities 2020: $1,873,637Net Assets 2020: $9,027,7162020Assets 2021: $11,458,178Liabilities 2021: $1,497,722Net Assets 2021: $9,960,4562021Assets 2022: $9,957,264Liabilities 2022: $2,133,260Net Assets 2022: $7,824,0042022Assets 2023: $7,300,873Liabilities 2023: $1,963,724Net Assets 2023: $5,337,1492023

Highlighted filing

2023

Assets$7,300,873
Liabilities$1,963,724
Net Assets$5,337,149

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $10,954,5862011Expenses 2012: $9,416,3262012Expenses 2013: $8,149,7612013Revenue 2014: $6,300,766Expenses 2014: $5,983,150Net Income 2014: $317,6162014Revenue 2015: $6,153,494Expenses 2015: $5,863,742Net Income 2015: $289,7522015Revenue 2016: $5,900,174Expenses 2016: $5,366,240Net Income 2016: $533,9342016Revenue 2017: $7,413,144Expenses 2017: $5,965,254Net Income 2017: $1,447,8902017Revenue 2018: $5,819,987Expenses 2018: $5,442,482Net Income 2018: $377,5052018Revenue 2019: $4,507,184Expenses 2019: $4,993,769Net Income 2019: -$486,5852019Revenue 2020: $5,805,732Expenses 2020: $5,802,791Net Income 2020: $2,9412020Revenue 2021: $6,489,319Expenses 2021: $5,591,895Net Income 2021: $897,4242021Revenue 2022: $6,541,110Expenses 2022: $7,036,038Net Income 2022: -$494,9282022Revenue 2023: $4,418,081Expenses 2023: $6,904,936Net Income 2023: -$2,486,8552023

Highlighted filing

2023

Revenue$4,418,081
Expenses$6,904,936
Net Income-$2,486,855

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$7.30$1.96$5.34$4.42$6.90$2.49
2022Detailed filing. Detailed filing data is available for this year.$9.96$2.13$7.82$6.54$7.04$0.49
2021Detailed filing. Detailed filing data is available for this year.$11.5$1.50$9.96$6.49$5.59$0.90
2020Detailed filing. Detailed filing data is available for this year.$10.9$1.87$9.03$5.81$5.80$0.00
2019Detailed filing. Detailed filing data is available for this year.$11.2$2.13$9.03$4.51$4.99$0.49
2018Detailed filing. Detailed filing data is available for this year.$12.3$2.79$9.52$5.82$5.44$0.38
2017Detailed filing. Detailed filing data is available for this year.$11.5$2.35$9.14$7.41$5.97$1.45
2016Detailed filing. Detailed filing data is available for this year.$11.1$3.36$7.69$5.90$5.37$0.53
2015Detailed filing. Detailed filing data is available for this year.$10.7$3.54$7.16$6.15$5.86$0.29
2014Detailed filing. Detailed filing data is available for this year.$11.8$4.89$6.87$6.30$5.98$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$5.58$6.55$8.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$5.06$7.60$9.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$4.27$7.29$11.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 7, 2025
Return Version
2022v5.0
Gross Receipts
$4,796,012
Mission and Program Overview

Mission

To make higher education available to all who can benefit. Martin university serves minority, low income and adult learners in a healing and freedom-minded environment.

To make higher education available to all who can benefit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,461,588$7,020,178▼ $441,410
Loans From Officers Directors-$310,000-
Accounts Receivable$83,700$157,569▲ $73,869
Prepaid Expenses and Deferred Charges$148,036$74,557▼ $73,479
Savings and Temporary Cash Investments$2,218,800$44,654▼ $2,174,146
Cash and Non-Interest-Bearing Accounts$1,642$2,527▲ $885
Pledges and Grants Receivable$43,498$1,388▼ $42,110
Total Assets$9,957,264$7,300,873▼ $2,656,391
Liabilities
Tax Exempt Bond Liabilities$797,500$630,961▼ $166,539
Accounts Payable and Accrued Expenses$755,020$505,241▼ $249,779
Mortgage Notes Payable Secured by Investment Property$353,217$297,795▼ $55,422
Deferred Revenue$118,481$114,360▼ $4,121
Other Liabilities$109,042$105,367▼ $3,675
Total Liabilities$2,133,260$1,963,724▼ $169,536
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,260,316$2,902,990▼ $357,326
Net Assets Without Donor Restrictions$4,563,688$2,434,159▼ $2,129,529
Total Net Assets Fund Balance$7,824,004$5,337,149▼ $2,486,855
Total Liabilities and Net Assets / Fund Balance$9,957,264$7,300,873▼ $2,656,391

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,907,849$5,091,319$10,999,168
Equipment$222,629$2,032,784$2,255,413
Land$885,533-$885,533
Other Land Buildings$4,167$43,453$47,620

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$733,441---$733,441
2021$733,441---$733,441
2020$733,441---$733,441
2019$691,941$41,500--$733,441
2018$570,941$121,000--$691,941
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Sean L HuddlestonPresident & CEOFT$183,818$18,055$201,873

Highest Paid Contractors

ContractorServicesLocationCompensation
Robert HalfEmployment Services12400 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$243,639
Revenue and Support

Revenue Composition

Contributions and Grants
$2,519,728
Program Service Revenue
$2,081,470
Investment Income
$-38,452
Other Revenue
$-144,665
All Other Contributions
$2,417,506
Change in Net Assets
$-2,486,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,418,081
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-261,337
Total Revenue per Audited Statements
$4,156,744
Total Revenue per Form 990
$4,418,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,611,273
Other Expenses$2,767,269
Grants and Similar Amounts Paid$526,394
Total Fundraising Expense$302,032
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,437,627$96,708-$2,534,335
Fees for Services Other$639,570$46,334$52,794$738,698
Payroll Taxes$540,631$53,392$15,402$609,425
Grants to Domestic Individuals$526,394--$526,394
Depreciation Depletion$218,403$153,690$24,267$396,360
Insurance$195,996$93,736$11,362$301,094
Other Employee Benefits$225,363$15,886-$241,249
Current Officers, Directors, Trustees, and Key Employees-$113,132$113,132$226,264
Occupancy$136,294$68,761$14,658$219,713
Information Technology$141,362$25,622$8,612$175,596
Advertising$75,622$13,051$7,386$96,059
Conferences and Meetings$52,332$9,485$3,188$65,005
Interest$40,674$7,372$2,478$50,524
Travel$27,122$4,025$1,127$32,274
Office Expenses$3,177$974$2,116$6,267
Other Expenses$3,895$706$237$4,838
Fees for Services Legal-$3,221-$3,221
All Other Expenses$2,536$460$154$3,150
Total Functional Expenses$5,768,086$834,818$302,032$6,904,936

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,904,936
Expenses per Audited Statements$6,643,599
Total Expenses per Audited Statements$6,643,599
Expenses Not Reported on Financial Statements$261,337
Other Expense Adjustments$261,337
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$265,057
Fundraising Gross Income$102,028
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Empowering Excellence Gala$114,618$96,393$125,082$-28,689
FIRST LADY'S TEA$15,650$5,635$17,043$-11,408
Total Events$130,268$102,028$265,057$-163,029
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$310,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due on Split Interest Agreement$105,367

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndiana Finance Authority2016-07-28$1,655,000Refinance for an educational facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$1,655,000$1,655,000$1,001,271-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee shall be elected each year at the annual meeting of the board and shall consist of the chairperson of the board, the president of the university, vice-chairperson, secretary, and treasurer. Three (3) voting members shall constitute a quorum at executive committee meetings. The committee shall, during the intervals between meetings of the board, possess and may exercise all of the powers of the board in the management of the business and affairs of the corporation, except as to such matters, which the board may, by reservation, expressly reserve to itself. All action by the executive committee shall be reported to the board in writing at its meeting next succeeding such action and shall be subject to revision and alteration by the board, provided that no rights of third persons shall be affected by any such revisions or alterations.

Form 990, Part VI, Section A, Line 3

The organization delegated management duties to bill newells and paid robert half $139,781 for his services for calendar 2022.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the organizations independent cpa with information provided by management. The prepared return is reviewed by the chief financial officer before a copy is provided to the board of trustees to review prior to filing with the irs.

Form 990, Part VI, Section B, Line 15A

The board of trustees uses comparability data to set the compensation of the university president. This process was last completed in 2022.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Martin University
EIN
31-0970262
Phone
3179173623
Address
2186 NORTH SHERMAN DRIVE, INDIANAPOLIS, IN 46218

Signing Officer

Name
Dr Sean L Huddleston
Title
President & CEO
Phone
3179173623
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Sean L Huddleston
Formed
1979
Legal Domicile
In
Voting Board Members
19
Independent Board Members
17
Employees
107
Volunteers
13

Preparer

Firm
Cliftonlarsonallen Llp
Address
2001 16TH STREET SUITE 1700, DENVER, CO 80202
Preparer
Rebecca Dettmann CPA
Phone
3037795710
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other contract services: program service expenses 639,570. Management and general expenses 46,334. Fundraising expenses 52,794. Total expenses 738,698.

FORM 990, PART XII, LINE 2C:

The process for oversight and selection of an independent accountant has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Endowment funds are intended for the mission of the university.

PART X, LINE 2:

The university is a tax-exempt organization for both federal and state income tax purposes under section 501(c)(3) of the internal revenue code (irc) and applicable state law. The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the university may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the university and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year ended june 30, 2023.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Scholarships netted with revenue on audited financial statements -526,394. Fundraising expense 265,057.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships netted with revenue on audited financial statements 526,394. Fundraising expense -265,057.

Raw XML AppendixShowing 400 of 732 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt193580
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH PERKINS JR
IRS990/Form990PartVIISectionAGrp/PersonNm1MAX SIEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm2TERRY MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm3BRUCE BUCHANAN
IRS990/Form990PartVIISectionAGrp/PersonNm4IVAN BAIRD JR
IRS990/Form990PartVIISectionAGrp/PersonNm5DOUG BOWEN
IRS990/Form990PartVIISectionAGrp/PersonNm6JEAN D BREAUX
IRS990/Form990PartVIISectionAGrp/PersonNm7FELICIA BROKAW
IRS990/Form990PartVIISectionAGrp/PersonNm8COLETTE PIERCE BURNETTE
IRS990/Form990PartVIISectionAGrp/PersonNm9BISHOP LAMBERT GATES SR
IRS990/Form990PartVIISectionAGrp/PersonNm10BRIAN HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm11LISA HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm12TIMOTHY HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm13RICHARD HUNTER
IRS990/Form990PartVIISectionAGrp/PersonNm14RAMON MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm15PATRICIA ANN PAYNE
IRS990/Form990PartVIISectionAGrp/PersonNm16DANIEL PORTEE
IRS990/Form990PartVIISectionAGrp/PersonNm17HEIDI RIES
IRS990/Form990PartVIISectionAGrp/PersonNm18AHMED YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm19DR SEAN L HUDDLESTON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT & CEO
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IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO MAKE HIGHER EDUCATION AVAILABLE TO ALL WHO CAN BENEFIT. MARTIN UNIVERSITY SERVES MINORITY, LOW INCOME AND ADULT LEARNERS IN A HEALING AND FREEDOM-MINDED ENVIRONMENT.
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IRS990/PrincipalOfficerNm0DR SEAN L HUDDLESTON
IRS990/ProfessionalFundraisingInd00
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IRS990/PYInvestmentIncomeAmt0275722
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IRS990/PYOtherRevenueAmt04533

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