2022-04-05T11:29:31-05:00 2021-05-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2020-06-01 610510937 KENTUCKY CHRISTIAN UNIVERSITY KENT 6064743265 100 ACADEMIC PARKWAY GRAYSON KY 41143 JOHN DUNDON CPA CHIEF FINANCIAL OFFICER 6064743265 2022-04-04 1 JOHN DUNDON CPA 999009999 RICHARD C SHIELDS P00852717 8592531100 2022-04-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN DUNDON CPA 100 ACADEMIC PARKWAY GRAYSON KY 41143 21295282 0 X WWW.KCU.EDU X 1919 KY HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS. 13 12 428 22 1356 0 866383 1724589 17814568 17545703 259964 368315 306360 257076 19247275 19895683 8333394 8169037 0 0 5111973 4989405 0 0 371821 5354013 5358797 18799380 18517239 447895 1378444 35256980 37408051 10397075 7687744 24859905 29720307 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 16507140 8169037 17710557 FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. APPROXIMATELY 425 FULL-TIME EQUIVALENT STUDENTS. 16507140 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 1 0 0 0 0 0 0 0 1 1 1 0 0 1 29 0 1 428 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 12 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 JON GLISTA TRUSTEE AND VICE CHAIR 4.00 X X 0 0 0 CHAD BROADDUS TRUSTEE 2.00 X 0 0 0 KEN TRACY TRUSTEE 2.00 X 0 0 0 KEVIN PICKETT TRUSTEE AND CHAIR 4.00 X X 0 0 0 ROB NEWMAN TRUSTEE 2.00 X 0 0 0 DR TERRY L ALLCORN TRUSTEE AND PRESIDENT 40.00 X X 109836 0 34200 BARRY TAYLOR TRUSTEE AND SECRETARY 4.00 X X 0 0 0 PHIL MARTIN TRUSTEE 2.00 X 0 0 0 JERRY SANDERS TRUSTEE 2.00 X 0 0 0 DIANE MANSFIELD TRUSTEE AND TREASURER 4.00 X X 0 0 0 JIM GIBSON TRUSTEE 2.00 X 0 0 0 LORA SUTTLES TRUSTEE 2.00 X 0 0 0 TOMMY BAKER TRUSTEE 2.00 X 0 0 0 109836 0 34200 1 0 0 0 PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY OLATHE KS 66061 FOODSERVICE 835230 FIRE ENGINE RED 700 LOCUST STREET A4 PHILADELPHIA PA 19106 ENROLLMENT MANAGEMENT 128600 2 1724589 10641 1724589 STUDENT TUITION AND FEES 611600 14129159 14129159 LIVING FACILITIES 721310 1828492 1828492 DINING FACILITIES 722320 1518405 1518405 INTEREST ON STUDENT RECEIVABLES 525990 31640 31640 INTEREST ON STUDENT LOANS RECEIVA 525990 18384 18384 19623 19623 17545703 191717 191717 70690 70690 20176 0 20176 20176 20176 1436100 1259502 176598 176598 176598 195360 140097 55263 55263 OTHER REVENUE 900099 66346 66346 SPONSORSHIPS, COMMISSIONS, AND CO 711300 37136 37136 GRAYSON MEMORIAL 900099 4030 4030 3435 2079 1356 110947 19895683 17710557 1356 459181 8169037 8169037 144136 21620 86481 36035 4140872 3637473 365013 138386 349441 237352 85340 26749 354956 303108 37400 14448 8079 8079 44900 44900 71404 71404 1404793 1392069 12724 11633 11633 87575 49708 17596 20271 109660 109660 671750 652818 18932 279046 272839 6207 212316 162273 42123 7920 1151769 822923 282554 46292 224898 66430 156514 1954 INSTRUCTIONAL AND OTHER 352907 271229 1912 79766 MEMBERSHIPS 167826 118586 49240 BAD DEBTS 130821 130821 REPAIRS AND MAINTENANCE 103486 102871 615 325934 105511 220423 18517239 16507140 1638278 371821 2715406 2131645 1530508 1623544 362681 184186 387396 35570 113537 170023 116825 125901 37616042 20152304 17952837 17463738 3410274 4684874 7018683 9415164 1648833 1573406 35256980 37408051 333866 560348 1189074 853450 6788015 4682545 2086120 1591401 10397075 7687744 X 15099118 17463041 9760787 12257266 24859905 29720307 35256980 37408051 X 1378444 3359703 122255 X X 0 1 X 1 1 1 X 3020895 3560282 1619741 866383 1724589 10791890 3020895 3560282 1619741 866383 1724589 10791890 375766 10416124 235641 181821 275920 289572 459181 1442135 4629 6216 3656 3155 1356 19012 12253037 74442931 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 9423361 211842 3126954 748625 12013532 9410162 73725 400753 461279 9423361 9534842 86102 288854 499636 9410162 9238154 71613 675464 450389 9534842 8567259 59183 1097083 485371 9238154 0.56817 0.43183 1 0 1353580 1353580 28219457 15540878 12678579 2736824 793867 1942957 4271829 3125815 1146014 1034352 691744 342608 17463738 COMMONFUND 8273125 F REAL ESTATE 103500 F OTHER 25272 F BONDS 1013267 F 9415164 DEPOSITS 41650 FEDERAL STUDENT LOAN FUNDS 547285 ANNUITIES PAYABLE 184955 DEFERRED COMPENSATION 744720 CAPITAL LEASE OBLIGATION 72791 1591401 X 15348701 3359703 262352 3622055 11726646 8169037 8169037 19895683 10488299 140097 140097 10348202 8169037 8169037 18517239 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, 2021 AND 2020, 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 140,097. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES 2,523. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 119,732. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 8,169,037. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 140,097. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 8,169,037. 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. 576 8169037 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 DR TERRY L ALLCORN TRUSTEE AND PRESIDENT 29000 THE UNIVERSITY PURCHASED A VEHICLE FROM DR. ALLCORN. THE PRICE WAS ESTABLISHED VIA INTERNET SEARCH USING THE DESCRIPTION AND SPECIFICATIONS OF THE VEHICLE. 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 2,523. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 119,732. PART XII, LINE 2C 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 12936 110823 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 60473 CASH