2023-04-17T10:04:07-05:00 2022-05-31 430765316 RUBINBROWN LLP 1200 MAIN STREET SUITE 1000 KANSAS CITY MO 64105 990 2021-06-01 431685651 GRACELAND COLLEGE CENTER FOR PROF DEV & LIFELONG LEARNING INC GRAC 9133623900 6900 SQUIBB RD MISSION KS 66202 ABBY SITZMANN CFO 9133623900 2023-04-14 1 ABBY SITZMANN 999009999 KIMBERLY A RYAN P00829977 8164721122 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ABBY SITZMANN 6900 SQUIBB RD MISSION KS 66202 24131294 0 X WWW.SKILLPATH.COM X 1994 MO LIFELONG PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION FOR ADULTS 7 5 126 0 0 0 1182593 4233730 20362788 18110002 7684 608 1277917 1169206 22830982 23513546 4467217 1000000 0 0 9489660 10402318 0 0 0 6885160 6544437 20842037 17946755 1988945 5566791 18867328 19477394 13739319 8782594 5128009 10694800 LIFELONG PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION FOR ADULTS 0 0 7020493 1000000 19278884 THE ORGANIZATION PRESENTED APPROXIMATELY 8,902 SEMINARS TO PARTICIPANTS FOR CONTINUING EDUCATION AND PROFESSIONAL AND PERSONAL DEVELOPMENT.THE FEDERALLY MANDATED COVID-19 RESTRICTIONS CONTINUED TO ADVERSELY AFFECT REVENUE. CHANGES MADE IN THE PRIOR YEAR TO THE BUSINESS MODEL AND DELIVERY SYSTEM ALLOW THE CENTER TO CONTINUE PROVIDING TRAINING IN A SAFE, VIRTUAL ENVIRONMENT. THE CENTER HAS BEGUN TO HOLD SOME LIVE SEMINARS, BUT THE VAST MAJORITY ARE STILL VIRTUAL. 7020493 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 151 0 126 1 0 1 AS CA UK NZ 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ABBY SITZMANN 9133623900 6900 SQUIBB ROAD MISSION KS 66202 BOB ACKERLEY CHAIRMAN 5.00 2.00 X 0 0 0 SUE BEVINGTON BOARD MEMBER 2.00 6.00 X 0 0 0 PATRICIA DRAVES BOARD MEMBER 3.50 60.00 X 0 299837 68142 KAREN JEWELL BOARD MEMBER 2.00 20.00 X 0 0 0 DAVID SIDDALL BOARD MEMBER 11.00 40.00 X 0 108355 10344 SAM SMALLDON BOARD MEMBER 3.00 1.00 X 0 0 0 MIKE WILEY BOARD MEMBER 1.00 8.00 X 0 0 0 KENNETH BALTZELL VP - INFORMATION TECHNOLOGY 40.00 X 183935 0 10120 KATIE PARRISH VP - CONTENT 40.00 X 132026 0 6570 JENNIFER BARRINGTON VP - DIGITAL MARKETING 50.00 X 173664 0 11363 KORTNEY CLARK VP - TRAINING OPERATIONS 50.00 X 201631 0 12055 MICHELE MARKEY CEO 50.00 X 339550 0 14888 ABBY SITZMANN CFO 50.00 X 220001 0 12752 TERI BECKMAN DIRECTOR - ELEARNING SOLUTIONS 40.00 X 158091 0 3139 CHRISTOPHER DIGGINS LEARNING & DEV. CON. - UNTIL 1/12/22 40.00 X 118212 0 5444 STEPHANIE MOTSINGER LEARNING & DEVELOPMENT CONSULTANT 40.00 X 170292 0 7197 DANIEL SANTEE DIRECTOR - SOFTWARE DEVELOPMENT 40.00 X 137980 0 10727 DIANA EDGECOMB CONTROLLER 40.00 X 140928 0 11678 VITO CENTONZE DIRECTOR - AS400 40.00 X 136562 0 11130 CAMERON BISHOP FORMER CEO - UNTIL 4/20/20 0.00 X 233331 0 0 2346203 408192 195549 13 1 1 0 0 4233730 4233730 PROFESSIONAL DEVELOPMENT AND CONT 611430 18110002 18110002 18110002 608 608 618072 519970 98102 98102 98102 1167177 97778 1069399 1069399 MISCELLANEOUS REVENUE 611430 1705 1705 1705 23513546 19181106 0 98710 1000000 1000000 1418522 347243 1071279 6708957 1650225 5058732 99648 24393 75255 1544860 378169 1166691 630331 154300 476031 25921 25921 92648 92648 118809 118809 794181 653160 141021 56166 681 55485 1021151 27695 993456 300182 166231 133951 27069 27069 2320913 2320913 87068 87068 792611 792611 87009 87009 TEMPORARY LABOR 407502 32549 374953 CREDIT CARD FEES 264934 264934 LICENSES AND MEMBERSHIP 91048 91048 MISCELLANEOUS EXPENSES 57225 57225 17946755 7020493 10926262 0 5262768 5222401 1303906 1135216 252496 175513 431759 552751 17648082 8122277 9321341 9525805 1112465 911283 1182593 1954425 18867328 19477394 2233385 2884557 3588234 3254350 2500000 643687 5417700 2000000 13739319 8782594 X 5128009 10694800 5128009 10694800 18867328 19477394 5566791 0 X 0 1 X 1 0 X 1182593 4233730 5416323 65762488 61079136 41249071 21606042 19278884 208975621 65762488 61079136 41249071 22788635 23512614 214391944 0 0 0 214391944 462747 555975 631405 646625 618680 2915432 462747 555975 631405 646625 618680 2915432 66225235 61635111 41880476 23435260 24131294 217307376 0.98660 0.98970 0.01340 0.01030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2658229 2658229 6482848 3347151 3135697 4624531 2610469 2014062 2004169 1476131 528038 1878305 688526 1189779 9525805 EMPLOYEE RETENTION CREDIT RECEIVABLE 1954425 1954425 PAYCHECK PROTECTION PROGRAM LOANS 2000000 2000000 24131294 617748 617748 23513546 0 23513546 18564503 617748 617748 17946755 0 17946755 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 519,970. COST OF GOODS SOLD 97,778. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 519,970. COST OF GOODS SOLD 97,778. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES LIFELONG PROFESSIONAL DEVELOPMENT FOR ADULTS 4734 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES LIFELONG PROFESSIONAL DEVELOPMENT FOR ADULTS 31 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES LIFELONG PROFESSIONAL DEVELOPMENT FOR ADULTS 3449 0 0 0 0 0 0 8214 0 8214 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 GRACELAND UNIVERSITY 1 UNIVERSITY PLACE LAMONI IA 50140 420707114 1000000 0 GRANTS MADE TO GRACELAND UNIVERSITY, LAMONI, IOWA, A FULLY ACCREDITED 501(C)(3) EDUCATIONAL INSTITUTION. FUNDS ARE USED TO FURTHER THE EDUCATIONAL MISSION OF THE UNIVERSITY. RELATIONSHIP BETWEEN THE ENTITIES MAKES IT POSSIBLE TO ASSURE THAT FUNDS ARE USED IN FURTHERANCE OF THE MISSIONS. 1 X 1 0 0 1 0 1 0 0 0 PATRICIA DRAVES BOARD MEMBER 0 299837 0 0 0 0 0 8576 0 59566 0 367979 0 0 MICHELE MARKEY CEO 274235 0 56000 0 9315 0 7805 0 7083 0 354438 0 0 0 CAMERON BISHOP FORMER CEO - UNTIL 4/20/20 233331 0 0 0 0 0 0 0 0 0 233331 0 0 0 ABBY SITZMANN CFO 183967 0 34200 0 1834 0 5274 0 7478 0 232753 0 0 0 KORTNEY CLARK VP - TRAINING OPERATIONS 168601 0 31500 0 1530 0 4849 0 7206 0 213686 0 0 0 KENNETH BALTZELL VP - INFORMATION TECHNOLOGY 152924 0 28800 0 2211 0 4037 0 6083 0 194055 0 0 0 JENNIFER BARRINGTON VP - DIGITAL MARKETING 144967 0 27000 0 1697 0 4385 0 6978 0 185027 0 0 0 STEPHANIE MOTSINGER LEARNING & DEVELOPMENT CONSULTANT 69376 0 98208 0 2708 0 864 0 6333 0 177489 0 0 0 TERI BECKMAN DIRECTOR - ELEARNING SOLUTIONS 149227 0 7458 0 1406 0 0 0 3139 0 161230 0 0 0 DIANA EDGECOMB CONTROLLER 132603 0 6948 0 1377 0 4200 0 7478 0 152606 0 0 0 PART I, LINE 3 THE CEO'S PAY IS SET ANNUALLY BY THE BOARD BASED ON A RECOMMENDATION OF THE COMPENSATION COMMITTEE (COMPOSED OF INDEPENDENT MEMBERS OF THE GOVERNING BOARD). PART I, LINE 4A SEVERANCE PAYMENTS DURING 2021 WERE MADE TO CAMERON BISHOP FOR $233,331. PART I, LINE 5 CERTAIN OFFICERS AND CERTAIN KEY EMPLOYEES PARTICIPATE IN AN INCENTIVE PLAN THAT IS BASED ON MULTIPLE METRICS INCLUDING THE MANAGEMENT OF CONTROLLABLE EXPENSES RELATIVE TO REVENUE. THERE IS A CAP ON THE INCENTIVE AMOUNT AS WELL AS A THRESHOLD PERFORMANCE STANDARD THAT MUST BE MET BEFORE ANY INCENTIVE IS EARNED. CERTAIN EMPLOYEES PARTICIPATE IN AN INCENTIVE/COMMISSION PLAN THAT IS BASED ON THE ACHIEVEMENT OF GOALS RELATED TO THE SALES OF GROUP TRAINING. PART I, LINE 6 CERTAIN OFFICERS AND CERTAIN KEY EMPLOYEES PARTICIPATE IN AN INCENTIVE PLAN THAT IS BASED ON MULTIPLE METRICS INCLUDING THE MANAGEMENT OF CONTROLLABLE EXPENSES RELATIVE TO REVENUE. THERE IS A CAP ON THE INCENTIVE AMOUNT AS WELL AS A THRESHOLD PERFORMANCE STANDARD THAT MUST BE MET BEFORE ANY INCENTIVE IS EARNED. CERTAIN EMPLOYEES PARTICIPATE IN AN INCENTIVE/COMMISSION PLAN THAT IS BASED ON THE ACHIEVEMENT OF GOALS RELATED TO THE SALES OF GROUP TRAINING. FORM 990, PART VI, SECTION A, LINE 6 CORPORATION HAS ONE SOLE MEMBER - GRACELAND UNIVERSITY, LAMONI, IOWA, A 501(C)(3) CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A GRACELAND UNIVERSITY OF LAMONI, IOWA, A 501(C)(3) CORPORATION, IS THE SOLE MEMBER. THE BOARD OF TRUSTEES OF THE UNIVERSITY SELECTS THE BOARD MEMBERS OF THE CENTER. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM, REVIEWED INTERNALLY, AND THEN MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTERS WHO ARE THEN ASKED TO REVIEW THE FORM 990. THE DIRECTORS MAY SUBMIT QUESTIONS ABOUT THE INFORMATION IN THE 990 TO THE CFO OR THE PRESIDENT. ANY QUESTIONS RECEIVED ARE APPROPRIATELY RESPONDED TO PRIOR TO THE FINALIZATION AND TIMELY FILING OF THE FORM 990 WITH THE IRS. ON AN AS NEEDED BASIS, THE CFO MAY CONSULT WITH THE ORGANIZATION'S ACCOUNTING FIRM AND/OR OUTSIDE LEGAL COUNSEL WHEN ADVICE OR COUNSEL IS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS APPROVE ANY CHANGES TO THE CONFLICT OF INTEREST POLICY. A COPY IS GIVEN TO THE DIRECTORS AND THEY ARE ASKED AT THAT TIME TO PROVIDE A WRITTEN DISCLOSURE AS TO WHETHER THEY OR ANY OF THEIR FAMILY MEMBERS HAVE ENGAGED IN ANY ACTIVITIES THAT ARE OR MAY APPEAR TO BE A CONFLICT OF INTEREST WITH REGARD TO THEIR SERVICE AS A DIRECTOR. ANY REPORTED CONFLICTS OR POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD TO DETERMINE WHAT ACTION WILL BE TAKEN. THE ORGANIZATION IS ALSO SMALL ENOUGH TO KNOW WHO THEIR VENDORS ARE AND ARE ABLE TO DETERMINE IF THERE APPEARS TO BE ANY CONFLICTS OF INTEREST WITH A GIVEN VENDOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND ESTABLISHES THE TOTAL COMPENSATION FOR THE OFFICERS. THE BOARD UTILIZES ADVICE FROM AN INDEPENDENT THIRD PARTY COMPENSATION CONSULTING FIRM AS NEEDED. FORM 990, PART VI, SECTION C, LINE 19 ALL SUCH DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. DOCUMENTS ARE PROVIDED EITHER IN AN ELECTRONIC FORMAT OR IN HARD COPY DEPENDING ON THE PREFERENCE OF THE REQUESTING PARTY. THE 990 IS ALSO AVAILABLE THROUGH INDEPENDEDNT WEBSITES SUCH AS GUIDESTAR.ORG. GRACELAND UNIVERSITY 1 UNIVERSITY DRIVE LAMONI IA 50140 420707114 ACCREDITED UNIVERSITY IA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GRACELAND UNIVERSITY B 1000000 CASH