2020-04-15T15:25:24-07:00 2019-05-31 990 2018-06-01 431685651 GRACELAND COLLEGE CENTER FOR PROF DEV & LIFELONG LEARNING INC GRAC 9133623900 6900 Squibb Road Mission KS 66202 Abby Sitzmann VP Corporate Finance 9133623900 2020-04-15 73.48.39.29 2018 2021-01-29 14:40:06Z Graceland College Center for Professional Development and Lifelong Learning 6900 Squibb Road Mission KS 66202 61635111 0 X www.skillpath.com X 1994 MO Lifelong Professional Development and Continuing Education for Adults 6 5 270 0 0 0 0 0 60648311 56108965 43953 63054 2844128 2994997 63536392 59167016 4010001 1814001 0 0 21479077 19531039 0 0 0 40048978 40023223 65538056 61368263 -2001664 -2201247 28750021 26585804 16747141 16784175 12002880 9801629 Lifelong Professional Development and Continuing Education for Adults 0 0 37189027 1814001 59167016 The organization presented approximately 12,000 seminars to participants for continuing education and professional and personal development. 0 0 0 37189027 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 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 1 0 0 0 1 813 0 1 270 1 0 1 AS CA NZ UK 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KS MO X X Graceland College Center for Professional Development and Lifelong Learning Inc 9137485082 6900 Squibb Road Mission KS 66202 Sam Smalldon Chairman 12 2 X 0 0 0 Pat Draves Board Member 3.5 70 X 0 278941 70180 Bob Ackerley Board Member 5 3 X 0 0 0 Karen Jewell Board Member 2 2 X 0 0 0 Sue Bevington Board Member 2 2 X 0 0 0 David Siddall Board Member 11 60 X 0 30367 1164 R Paul Davis Board Memeber 1 50 X X 0 82415 11108 Cameron Bishop CEO 50 0 X X X 380621 0 15850 James McCabe GM ES Sales 40 0 X X X 245582 0 15850 Steve Trollinger GM Public Events 50 0 X X X 215162 0 5119 Matthew Rhodes GM Educational Products 40 0 X X X 172175 0 12265 James Harrison CIO 50 0 X X X 215180 0 10080 Greg Furstner SVP HR 50 0 X X X 192294 0 15507 Shari Achille VP Marketing 40 0 X X X 169059 0 9268 Abby Sitzmann VP of Finance 50.00 0 X X X 192020 0 4072 Michele Markey VP Faculty 50 0 X X X 183836 0 12848 David Fogelman Chief Learning Officer 50 0 X X X 181972 0 11401 Chad Braymer Former Executive VP 40 0 X X 387982 0 4072 R Eric Snider Former Executive VP 40 0 X X 298000 0 4072 Shane Snider Former Executive VP 40 0 X X 219808 0 4072 Lynn Jackson Former VP Faculty 40 0 X X 97940 0 1269 Jason Spainhour Former VP of IT 40 0 X X 169885 0 9459 Steve Newbold VP Facilities 40 0 X X 156109 0 14795 Kristine Holferty Sales Director 40 0 X 190143 0 13126 Amanda Cordell Account Manager, Onsite Sales 40 0 X 119903 0 1399 Tessa Held Account Manager, Onsite Sales 40 0 X 148075 0 480 3935746 391723 247456 38 1 1 0 0 0 0 0 0 0 0 0 0 Professional Development and Continuing Education 611430 56108965 56108965 0 0 0 0 0 0 56108965 63054 63054 0 0 0 0 0 0 0 0 0 0 492921 0 491690 0 1231 0 1231 1231 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4970171 1976405 2993766 2993766 0 0 0 59167016 59167016 0 0 1814001 1814001 0 0 0 0 0 0 4095175 0 4095175 0 0 0 0 0 10756369 0 10756369 0 398496 0 398496 0 3110490 0 3110490 0 1170509 0 1170509 0 0 0 0 0 85757 0 85757 0 121811 0 121811 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16346160 16244517 101643 0 279106 0 279106 0 1362416 0 1362416 0 0 0 0 0 535504 0 535504 0 486533 0 486533 0 0 0 0 0 18233765 18233765 0 0 45487 0 45487 0 0 0 0 0 1262511 0 1262511 0 78929 0 78929 0 Credit Card Fees 896744 896744 0 0 Temp Labor 269247 0 269247 0 Bad Debt -97329 0 -97329 0 Misc 116582 0 116582 0 0 0 0 0 61368263 37189027 24179236 0 5479598 2360168 2084026 1103928 0 0 3668720 2852859 0 0 0 0 0 0 679035 542780 5211665 6129416 16330396 5584840 8375486 10745556 0 0 0 0 0 0 3251491 2851097 0 0 28750021 26585804 7538221 7242598 0 0 9208920 8507027 0 0 0 0 0 0 0 1034550 0 0 0 0 16747141 16784175 X 12002880 9801629 0 0 0 0 12002880 9801629 28750021 26585804 -2201247 0 0 0 -4 0 X 0 1 X 1 0 X 0 0 0 0 51546253 70358983 71642647 65762488 61079136 320389507 0 0 0 0 0 0 0 0 0 0 0 0 51546253 70358983 71642647 65762488 61079136 320389507 0 0 0 0 0 0 0 0 0 0 0 0 0 0 320389507 448531 468256 444265 462747 555975 2379774 0 0 0 0 448531 468256 444265 462747 555975 2379774 0 0 0 0 0 0 51994784 70827239 72086912 66225235 61635111 322769281 0.99263 0.99275 0.00737 0.00725 X 2658229 0 2658229 6342845 0 2757665 3585180 4611752 0 1925339 2686413 1998757 0 717072 1281685 718813 0 184764 534049 10745556 0 0 X 61572057 0 0 0 2468095 2468095 59103962 63054 0 63054 59167016 63773304 0 0 0 2468095 2468095 61305209 0 63054 63054 61368263 Schedule D, Part X, Line 2 The Center is exempt from income taxes under provisions of Section 501(c)(3) of the Internal Revenue Code. Uncertain tax provisions, if any, are recorded in accordance with FASB ASC 740, Income Taxes (previously FIN 48). FASB ASC 740 requires the recognition of a liability for tax positions taken that do not meet the more-likely-than not standard that the position will be sustained upon examination by the taxing authorities. There is no liability for uncertain tax positions recorded as of May 31, 2019, and May 31, 2018. Schedule D, Part XI, Line 2d Cost of goods sold related to sales of inventory is deducted from revenue on the 990 but not the audited financial statements. Schedule D, Part XI, Line 4b Cost of goods sold related to sales of inventory is deducted from revenue on the 990 but not the audited financial statements. Schedule D, Part XII, Line 2d Cost of goods sold related to sales of inventory is deducted from revenue on the 990 but not the audited financial statements. Schedule D, Part XII, Line 4b Interest income is recognized as revenue on the 990, and as a reduction to expense on the audited financial statements. North America (including Canada and Mexico, but not the United States) 0 0 Program Services Adult Continuing Education 697813 Europe (including Iceland and Greenland) 0 0 Program Services Adult Continuing Education 37492 East Asia and the Pacific 0 0 Program Services Adult Continuing Education 106818 0 0 842123 0 0 0 0 0 0 1 Graceland University 1 University Place Lamoni IA 50140 420707114 501c3 1814001 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 mission. 1 0 Schedule I, Part I, Line 2 Sch I, Stmt 1 1 0 0 1 0 1 0 0 0 Pat Draves Board Member 0 267857 0 0 0 11084 0 13305 0 56875 0 349121 0 0 Cameron Bishop CEO 344427 0 92308 0 10205 0 5850 0 4150 0 456940 0 0 0 James McCabe GM ES Sales 193889 0 40000 0 3877 0 3056 0 4150 0 244972 0 0 0 Steve Trollinger GM Public Events 160071 0 40000 0 1269 0 510 0 4072 0 205922 0 0 0 James Harrison CIO 175541 0 22000 0 1453 0 2696 0 4150 0 205840 0 0 0 Greg Furstner SVP HR 164233 0 12750 0 3219 0 5590 0 4150 0 189942 0 0 0 Abby Sitzmann VP of Finance 151910 0 24750 0 1523 0 0 0 4072 0 182255 0 0 0 Shari Achille VP Marketing 144673 0 21630 0 2222 0 4625 0 0 0 173150 0 0 0 Jason Spainhour Former VP of IT 84371 0 19278 0 64402 0 4625 0 4072 0 176748 0 0 0 Matthew Rhodes GM Educational Products 130942 0 30000 0 1669 0 4135 0 4072 0 170818 0 0 0 Steve Newbold VP Facilities 128718 0 19259 0 3447 0 5757 0 1920 0 159101 0 0 0 Tessa Held Account Manager, Onsite Sales 55989 0 155650 0 13300 0 165 0 4150 0 229254 0 0 0 Amanda Cordell Account Manager, Onsite Sales 53601 0 181621 0 7827 0 4625 0 3113 0 250787 0 0 0 Kristine Holferty Sales Director 165708 0 20363 0 2254 0 4625 0 4150 0 197100 0 0 0 R Eric Snider Former Executive VP 0 0 0 0 292408 0 0 0 0 0 292408 0 0 0 Shane Snider Former Executive VP 0 0 0 0 246610 0 0 0 0 0 246610 0 0 0 Chad Braymer Former Executive VP 163666 0 198096 0 191204 0 4625 0 4625 0 562216 0 0 0 Lynn Jackson Former VP Faculty 74670 0 4695 0 143435 0 2120 0 2120 0 227040 0 0 0 Schedule J, Part I, Line 4 Schedule J, Part 1, Line 4 - Severance payments to individuals listed in Form 990, Part VII, Section A: R Eric Snider: $292,408, Shane Snider: $246,610, Chad Braymer: $137,538, Lynn Jackson: $106,843, Jason Spainhour: $39,544. Schedule J, 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. Schedule J, 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 reviewed internally and then made available to all members of the Board of Directors who are then asked to review the Form 990. The directors may submit questions about the information in the 990 to the VP of Finance or the CEO. On an as needed basis the VP of Finance may consult with the company's independent audit firm and or the company's outside legal counsel when advice or direction 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 annually 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 independent websites such as guidestar.org. Graceland University 1 University Drive Lamoni IA 50140 420707114 An accredited University IA 501c3 2 N/A 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Graceland University b 1814001 See Schedule R, Part VII, Statement I