2019-04-15T18:50:55-07:00 2018-05-31 990 2017-06-01 431685651 GRACELAND COLLEGE CENTER FOR PROF DEV & LIFELONG LEARNING INC GRAC 9133623900 6900 Squibb Road Mission KS 66202 Abby Sitzmann VP Corporate Finance 9133623900 2019-04-15 208.47.117.6 2017 2019-02-21 02:37:17Z Graceland College Center for Professional Development and Lifelong Learning Inc 6900 Squibb Road Mission KS 66202 66225235 0 X www.skillpath.com X 1994 MO Lifelong Professional Development and Continuing Education for Adults 6 5 271 0 0 0 0 0 66500875 60648311 16265 43953 3079497 2844128 69596637 63536392 4342808 4010001 0 0 21187586 21479077 0 0 0 43776568 40048978 69306962 65538056 289675 -2001664 30933475 28750021 16928931 16747141 14004544 12002880 Lifelong Professional Development and Continuing Education for Adults 0 0 39224137 4010001 63536392 The organization presented approximately 15,000 seminars to participants for continuing education and professional and personal development. 0 0 0 39224137 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 1 769 0 1 271 1 0 1 AS CA NZ UK 0 0 0 0 X 6 5 1 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 4 2 X 0 0 0 John Sellars Former Board Member 0 50 X 0 436971 22149 Pat Draves Board Member 3 60 X 0 145845 42094 R Paul Davis Treasurer 2 50 X 0 117247 15054 Bob Ackerley Board Member 5 3 X 0 0 0 Karen Jewell Board Member 2 12 X 0 0 0 Sue Bevington Board Member 1 1 X 0 0 0 Cameron Bishop CEO 60 0 X X X 314499 0 7367 Greg Furstner SVP HR 60 0 X X X 84358 0 2230 Abby Sitzmann VP of Finance 50 0 X X X 180155 0 4993 Matthew Rhodes GM Educational Products 50 0 X X X 155572 0 15175 Shari Achille VP Marketing 45 0 X X X 206049 0 19255 Steve Newbold VP Facilities 45 0 X X X 176199 0 20309 Chad Braymer Former Executive VP 50 0 X X X 544397 0 23235 R Eric Snider Former Executive VP 40 0 X X X 671542 0 29777 Shane Snider Former Executive VP 50 0 X X X 545655 0 23777 Shari Wilkens Former VP Onsite Sales 50 0 X X X 343257 0 24162 Lynn Jackson Former VP Faculty 50 0 X X X 221863 0 24194 Jason Spainhour Former VP of IT 50 0 X X X 178890 0 20717 Kristine Holferty Sales Director 50 0 X 220083 0 23168 Amanda Cordell Account Manager, Onsite Sales 40 0 X 321075 0 22242 Christine Slack Account Manager 40 0 X 180735 0 26192 Tessa Held Account Manager, Onsite Sales 40 0 X 160056 0 4882 John A Cave Former President & CEO 40 0 X 392208 0 21788 4896593 700063 392760 33 1 1 0 Dan Desalvo LLC 95 Ontario Ave Massapequa NY 11758 Training Services 108327 1 0 0 0 0 0 0 0 0 Professional Development and Continuing Education 611430 60648311 60648311 0 0 0 0 0 0 60648311 43953 43953 0 0 0 0 0 0 0 0 0 0 418794 0 419985 0 -1191 0 -1191 -1191 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5114177 2268858 2845319 2845319 0 0 0 63536392 63536392 0 0 4010001 4010001 0 0 0 0 0 0 4196353 0 4196353 0 0 0 0 0 10854809 0 10854809 0 467709 0 467709 0 4780599 0 4780599 0 1179607 0 1179607 0 0 0 0 0 126189 0 126189 0 96181 0 96181 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16877864 16487415 390449 0 105685 0 105685 0 1199827 0 1199827 0 0 0 0 0 411954 0 411954 0 93394 0 93394 0 0 0 0 0 17667465 17667465 0 0 0 0 0 0 0 0 0 0 1652515 0 1652515 0 113113 0 113113 0 Credit Card Fees 1059256 1059256 0 0 Bad Debt Expense 205455 0 205455 0 Temp Labor 378010 0 378010 0 Misc 62070 0 62070 0 0 0 0 0 65538056 39224137 26313919 0 6904246 5479598 2074224 2084026 0 0 3191578 3668720 0 0 0 0 0 0 990746 679035 5955226 5211665 15789851 7414365 7372426 8375486 0 0 0 0 0 0 4445029 3251491 0 0 30933475 28750021 7424441 7538221 0 0 9504490 9208920 0 0 0 0 0 0 0 0 0 0 0 16928931 16747141 X 14004544 12002880 0 0 0 0 14004544 12002880 30933475 28750021 -2001664 0 0 0 0 0 X 0 1 1 0 X 0 0 0 0 0 50707216 51546253 70358983 71642647 244255099 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50707216 51546253 70358983 71642647 0 244255099 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 244255099 422557 448531 468256 444265 1783609 0 0 0 0 0 422557 448531 468256 444265 0 1783609 0 0 0 0 0 0 0 0 51129773 51994784 70827239 72086912 0 246038708 0.99275 0.99287 0.00725 0.00713 X 2658229 0 2658229 6570615 0 2899444 3671171 3746829 0 2484478 1262351 1643233 0 1252464 390769 1170945 0 777979 392966 8375486 0 0 X 66181282 0 0 0 2688843 2688843 63492439 0 43953 43953 63536392 68182946 0 0 0 2688843 2688843 65494103 0 43953 43953 65538056 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, 2018, and May 31, 2017. 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 Interest income is recognized as revenue on the 990, and as a reduction to expense on 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 648789 Europe (including Iceland and Greenland) 0 0 Program Services Adult Continuing Education 259944 East Asia and the Pacific 0 0 Program Services Adult Continuing Education 210685 0 0 1119418 0 0 0 0 0 0 1 Graceland University 1 University Place Lamoni IA 50140 420707114 501c3 4010001 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 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 0 0 0 1 0 0 0 John Sellars Former Board Member 0 98713 0 0 0 338258 0 0 0 22149 0 459120 0 143475 Pat Draves Board Member 0 145694 0 0 0 0 0 0 0 42094 0 187788 0 0 Cameron Bishop CEO 238855 0 75000 0 644 0 3825 0 3542 0 321866 0 0 0 Greg Furstner SVP HR 84061 0 0 0 297 0 2230 0 0 0 86588 0 0 0 Abby Sitzmann VP of Finance 134410 0 35010 0 10735 0 0 0 4993 0 185148 0 186419 0 Matthew Rhodes GM Educational Products 111579 0 29568 0 14425 0 15175 0 0 0 170747 0 0 0 Shari Achille VP Marketing 143698 0 36960 0 25391 0 18000 0 1255 0 225304 0 212173 0 Steve Newbold VP Facilities 124967 0 31909 0 19322 0 17324 0 2986 0 196508 0 176765 0 Kristine Holferty Sales Director 154742 0 58425 0 6916 0 18000 0 5168 0 243251 0 232915 0 Amanda Cordell Account Manager, Onsite Sales 52527 0 267544 0 1004 0 18000 0 4242 0 343317 0 375394 0 Tessa Held Account Manager, Onsite Sales 41868 0 117846 0 343 0 713 0 4170 0 164940 0 170228 0 Christine Slack Account Manager 48949 0 131671 0 115 0 24000 0 2192 0 206927 0 207094 0 John A Cave Former President & CEO 92394 0 278023 0 21792 0 19894 0 1894 0 413997 0 529219 0 Chad Braymer Former Executive VP 298424 0 199317 0 46656 0 18000 0 5235 0 567632 0 548840 0 R Eric Snider Former Executive VP 279523 0 249605 0 142414 0 24000 0 5777 0 701319 0 519487 0 Shane Snider Former Executive VP 187938 0 212750 0 144967 0 18000 0 5777 0 569432 0 433759 0 Shari Wilkens Former VP Onsite Sales 137995 0 130875 0 74387 0 19500 0 4662 0 367419 0 390668 0 Lynn Jackson Former VP Faculty 147510 0 50836 0 23517 0 19065 0 5129 0 246057 0 230039 0 Jason Spainhour Former VP of IT 124721 0 31941 0 22228 0 15750 0 4967 0 199607 0 187990 0 Schedule J, Part I, Line 4 Severance payments in Form 990, Part VII, Section A: R Eric Snider: $12,607, Shane Snider: $53,731, Shari Wilkens: $37,168 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 achievement of individual and group annual goals, measured client satisfaction, the number of clients served, and 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 2 Former EVP Marketing Eric Snider and Former EVP MIS Shane Snider are brothers. 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 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 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 1 0 0 0 0 0 0 0 0 0 0 0 Graceland University b 4010001 See Schedule R, Part VII, Statement 1 Schedule R, Part I Gifts are made to Graceland University, Lamoni, IA, a fully accredited 501(c)(3) educational institution. Funds are used to further the educational mission of the University. The relationship between the governing boards of the two organizations makes it possible to assure that funds are used in furtherance of the mission of the University. The total annual amount is determined based on the needs of the receiving institution and the governing body has the responsibility to assure that the funds are used in the furtherance of the exempt purpose. Not Late. Extensions filed and received.