2023-04-11T15:11:01-05:00 2022-05-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2021-06-01 610510937 KENTUCKY CHRISTIAN UNIVERSITY KENT 6064743265 100 ACADEMIC PARKWAY GRAYSON KY 41143 JOHN DUNDON CPA CHIEF FINANCIAL OFFICER 6064743265 2023-04-06 1 JOHN DUNDON CPA 999009999 RICHARD C SHIELDS P00852717 8592531100 2023-04-06 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOHN DUNDON CPA 100 ACADEMIC PARKWAY GRAYSON KY 41143 23865656 0 X WWW.KCU.EDU X 1919 KY HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS. 16 15 420 25 1264 0 1724589 3297784 17545703 18723364 368315 132423 257076 78987 19895683 22232558 8169037 8872205 0 0 4989405 4900577 0 0 409604 5358797 5953502 18517239 19726284 1378444 2506274 37408051 38563521 7687744 7015731 29720307 31547790 THE MISSION OF KENTUCKY CHRISTIAN UNIVERSITY IS TO EDUCATE STUDENTS FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS THROUGHOUT THE WORLD. 0 0 17654839 8872205 18757291 FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. APPROXIMATELY 450 FULL-TIME EQUIVALENT STUDENTS. 17654839 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 25 0 1 420 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 KY X X THE ORGANIZATION 6064743265 100 ACADEMIC PARKWAY GRAYSON KY 41143 KEVIN PICKETT CHAIR AND TRUSTEE 1.00 X X 0 0 0 JON GLISTA VICE CHAIR AND TRUSTEE 1.00 X X 0 0 0 BARRY TAYLOR SECRETARY AND TRUSTEE 1.00 X X 0 0 0 DIANE MANSFIELD TREASURER AND TRUSTEE 1.00 X X 0 0 0 JERRY SANDERS TRUSTEE 0.50 X 0 0 0 KEN TRACY TRUSTEE 0.50 X 0 0 0 ROB NEWMAN TRUSTEE 0.50 X 0 0 0 LORA SUTTLES TRUSTEE 0.50 X 0 0 0 TOMMY BAKER TRUSTEE 0.50 X 0 0 0 JIM GIBSON TRUSTEE 0.50 X 0 0 0 PHIL MARTIN TRUSTEE 0.50 X 0 0 0 SHON MYERS TRUSTEE 0.50 X 0 0 0 KIM ROBINETTE TRUSTEE 0.50 X 0 0 0 BOB THOMAS TRUSTEE 0.50 X 0 0 0 DAVID WELSH TRUSTEE 0.50 X 0 0 0 TERRY ALLCORN PRESIDENT AND TRUSTEE 40.00 X X 111567 0 32950 111567 0 32950 2 0 0 0 PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY SUITE 12 OLATHE KS 66061 FOODSERVICE 878999 1 3297784 169603 3297784 STUDENT TUITION AND FEES 611600 15233917 15233917 LIVING FACILITIES 721310 1908208 1908208 DINING FACILITIES 722320 1466140 1466140 NON-STUDENT FEES 711210 45416 45416 INTEREST ON STUDENT LOANS RECEIVA 525990 29385 29385 40298 40298 18723364 186336 186336 22103 22103 21693 0 21693 21693 21693 1335333 5850 1395096 0 -59763 5850 -53913 -53913 132623 238002 -105379 -105379 OTHER REVENUE 812900 62019 62019 SPONSORSHIPS, COMMISSIONS, AND CO 711300 43196 43196 ATHLETICS TOURNAMENTS 711210 15060 15060 20295 19031 1264 140570 22232558 18757291 1264 176219 8872205 8872205 144517 21677 86710 36130 4143526 3638106 404034 101386 257326 167954 71140 18232 355208 303165 40652 11391 13644 13644 63550 63550 34563 34563 1435802 1419059 16743 5998 5998 91848 58732 15452 17664 100313 100313 823126 800703 22423 456949 445139 11810 197056 150610 38631 7815 1217872 879712 298135 40025 215372 63169 144825 7378 INSTRUCTIONAL AND OTHER 391650 221355 712 169583 REPAIRS AND MAINTENANCE 200071 199584 487 MEMBERSHIPS 187338 137239 50099 OTHER EXPENSES 141507 63487 78020 376843 106632 270211 19726284 17654839 1661841 409604 2131645 3233884 1623544 1635669 184186 318940 35570 32565 170023 65762 125901 141518 38982490 21285137 17463738 17697353 4684874 4893016 9415164 9088486 1573406 1456328 37408051 38563521 560348 444824 853450 791713 4682545 4059702 1591401 1719492 7687744 7015731 X 17463041 19660979 12257266 11886811 29720307 31547790 37408051 38563521 X 2506274 -661110 -17681 X X 0 1 X 1 1 1 X 3560282 1619741 866383 1724589 3297784 11068779 3560282 1619741 866383 1724589 3297784 11068779 1779472 9289307 181821 275920 289572 459181 176219 1382713 6216 3656 3155 1356 1264 15647 12467139 80925866 0.74510 0.85010 X SCHEDULE A, PART II PART II HAS BEEN COMPLETED TO DEMONSTRATE THE UNIVERSITY MEETS THE PUBLIC SUPPORT TEST AND QUALIFIES TO USE THE SPECIAL RULE IN REPORTING ON SCHEDULE B. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12013532 239153 -495796 375441 11381448 9423361 211842 3126954 748625 12013532 9410162 73725 400753 461279 9423361 9534842 86102 288854 499636 9410162 9238154 71613 675464 450389 9534842 0.61870 0.38130 1 0 1598460 1598460 29165361 16307806 12857555 2736823 865027 1871796 4520371 3357379 1162992 961475 754925 206550 17697353 COMMONFUND 7922492 F REAL ESTATE 43500 F OTHER 25272 F BONDS 1097222 F 9088486 DEPOSITS 41900 FEDERAL STUDENT LOAN FUNDS 439996 ANNUITIES PAYABLE 179406 DEFERRED COMPENSATION 716534 FINANCING LEASE OBLIGATION 341656 1719492 X 12919564 -661110 220321 -440789 13360353 8872205 8872205 22232558 11092081 238002 238002 10854079 8872205 8872205 19726284 PART V, LINE 4: KCU MAINTAINS THE CORPUS OF ITS ENDOWMENT FUNDS IN PERPETUITY. INVESTMENT INCOME FROM ENDOWMENT FUNDS IS CONSIDERED UNRESTRICTED UNLESS SPECIFIED BY THE DONOR. THE INCOME FROM THE ENDOWMENT FUNDS IS USED FOR VARIOUS ADMINISTRATIVE EXPENSES AS NEEDED AND FOR RESTRICTED PURPOSES AS STIPULATED BY DONORS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 238,002. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES 5,549. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -23,230. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 8,872,205. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 238,002. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 8,872,205. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 KENTUCKY CHRISTIAN UNIVERSITY INCLUDES A STATEMENT REGARDING THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICIES IN ALL PRINT, RADIO, INTERNET AND TELEVISION MEDIA. EVERY ATTEMPT IS MADE TO COMMUNICATE THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICIES DURING ALL ACTIVITIES. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES GRANT FUNDING FROM FEDERAL AGENCIES WHICH PAY A PORTION OF THE TUITION FOR ELIGIBLE STUDENTS. 1 SCHOLARSHIPS AND GRANT FUNDS USED FOR TUITION AND RELATED FEES. 551 8872205 PART I, LINE 2: THE UNIVERSITY HAS A SPECIFIC DEPARTMENT RELATED TO STUDENT FINANCIAL AID THAT TRACKS ALL SCHOLARSHIPS AND GRANT FUNDS DISBURSED TO STUDENTS. A CITY OF GRAYSONKENTUCKY 2007-08-01 1750000 FINANCE THE COST OF IMPROVEMENT TO EDUCATIONAL FACILITIES BUILDINGS 0 0 0 B CITY OF GRAYSONKENTUCKY 2012-08-07 2000000 FINANCE THE COST OF ATHLETICS COMPLEX AND ENERGY PROJECT 0 0 0 C CITY OF GRAYSONKENTUCKY 2012-11-01 4845000 TO PAY OFF SERIES 2002 BONDS 0 0 0 A 0 0 0 0 B 0 0 0 0 C 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 1 0 B 0 0 0 1 1 0 0 0 0 C 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 X 2 64103 X 1 105500 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WILL BE SENT TO THE FINANCE COMMITTEE MEMBERS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO SUBMIT A STATEMENT TO THE UNIVERSITY, DISCLOSING ANY CONFLICTS TO THE UNIVERSITY EACH YEAR. KCU MANAGEMENT IS ALSO MINDFUL OF ANY POTENTIAL CONFLICTS AND THEY ARE DEALT WITH AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S HIRING WAS CONDUCTED BY A SEARCH COMMITTEE AND COMPENSATION ARRANGEMENTS ARE APPROVED BY THE BOARD OF TRUSTEES PRIOR TO EXECUTION OF THE CONTRACT. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST AND ON GUIDESTAR. THE FORM 990-T AND FORM 1023 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 5,549. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -23,230. FORM 990, PART XII, LINE 2B THE METHOD DID NOT CHANGE FROM THE PRIOR YEAR. HILLCREST BURIAL PARK INC 100 ACADEMIC PARKWAY GRAYSON KY 41143 610656503 BURIAL PARK KY KENTUCKY CHRISTIAN UNIVERSITY C 11007 102219 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HILLCREST BURIAL PARK INC D 79219 CASH