2019-10-07T09:08:57-05:00 2019-05-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2018-06-01 610510937 KENTUCKY CHRISTIAN UNIVERSITY KENT 6064743265 100 ACADEMIC PARKWAY GRAYSON KY 41143 KATHY SMITH CONTROLLER 6064743265 2019-10-01 1 RICHARD C SHIELDS P00852717 8592531100 2019-10-01 38.109.186.2 2019-10-01 18:06:08 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A084DC3FBDF0984A64D341454083614EF5496E6E 2018 2020-01-14 16:20:31Z KATHY SMITH 100 ACADEMIC PARKWAY GRAYSON KY 41143 20179126 0 X WWW.KCU.EDU X 1919 KY HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS. 14 13 460 11 3656 -508 3560282 1619741 12033219 14656963 153610 244353 275564 339214 16022675 16860271 6369953 6786628 0 0 4948731 4924211 0 0 383623 5298819 5502545 16617503 17213384 -594828 -353113 34383947 34035027 10333253 10066805 24050694 23968222 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 15127297 6786628 14960954 FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. APPROXIMATELY 425 FULL-TIME EQUIVALENT STUDENTS. 15127297 1 1 0 0 0 0 0 0 0 1 1 1 0 1 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 0 0 0 1 45 0 1 460 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 13 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 2.00 X 0 0 0 JOHN WELSH TRUSTEE 2.00 X 0 0 0 PHIL LEMASTER TRUSTEE 2.00 X 0 0 0 TRACY HANSEN TRUSTEE 2.00 X 0 0 0 JEFF HUGUS TRUSTEE AND VICE-CHAIR 2.00 X X 0 0 0 CHAD BROADDUS TRUSTEE 2.00 X 0 0 0 DIANE MANSFIELD TRUSTEE AND TREASURER 2.00 X X 0 0 0 KEN TRACY TRUSTEE 2.00 X 0 0 0 KEVIN PICKETT TRUSTEE AND CHAIR 2.00 X X 0 0 0 ROB NEWMAN TRUSTEE 2.00 X 0 0 0 DR JEFFREY K METCALF PRESIDENT AND TRUSTEE 40.00 X X 95440 0 30600 GLIMA HALL TRUSTEE AND SECRETARY 2.00 X X 0 0 0 BRIAN CARTER TRUSTEE 2.00 X 0 0 0 JERRY SANDERS TRUSTEE 2.00 X 0 0 0 95440 0 30600 0 0 0 0 PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY OLATHE KS 66061 FOODSERVICE 790664 TREAP CONTRACTING INC 33 EVERGREEN LANE PIKEVILLE KY 41501 CONSTRUCTION 309539 2 1619741 59073 1619741 STUDENT TUITION AND FEES 611600 11628378 11628378 LIVING FACILITIES 721310 1445068 1445068 DINING FACILITIES 722320 1184250 1184250 NON-STUDENT FEES 900099 307071 307071 INTEREST ON STUDENT RECEIVABLES 525990 28466 28466 63730 63730 14656963 209338 209338 11016 11016 20551 0 20551 20551 20551 3145396 4500 3114636 245 30760 4255 35015 35015 264427 203974 60453 60453 ATHLETICS TOURNAMENTS 711210 100520 100520 OTHER REVENUE 900099 82392 82392 SPONSORSHIPS, COMMISSIONS, AND CO 711300 50562 50562 13720 10064 3656 247194 16860271 14960954 3656 275920 6786628 6786628 126040 18906 75624 31510 3989037 3430306 430502 128229 468253 334755 93760 39738 340881 285723 41926 13232 1025 1025 43500 43500 71404 71404 1265673 1259027 6646 5728 5728 88360 62599 8853 16908 92612 92612 724882 702546 22336 356047 349125 6922 261357 199755 52226 9376 1159975 831022 284488 44465 327545 99148 215682 12715 INSTRUCTIONAL AND OTHER 331664 238845 5369 87450 OTHER EXPENSES 182705 99951 82754 HONORARIUMS 145891 145891 MEMBERSHIPS 130254 86594 43660 313923 98136 215787 17213384 15127297 1702464 383623 1212544 1328521 327625 1031567 345603 522505 69656 53530 110043 108281 157853 182541 36834607 18118705 18631465 18715902 4874111 3693510 6862824 6644125 1792223 1754545 34383947 34035027 304025 348140 1296817 1142472 6922105 6565544 1810306 2010649 10333253 10066805 X 14239799 14114800 3481901 3386061 6328994 6467361 24050694 23968222 34383947 34035027 X -353113 208653 61988 X X 0 1 X 1 1 1 X 9534842 86102 288854 499636 9410162 9238154 71613 675464 450389 9534842 8567259 59183 1097083 485371 9238154 9023827 45526 -129423 372671 8567259 8647363 66824 531146 221506 9023827 0.68730 0.31270 1 0 1353580 1353580 27937152 14175891 13761261 2733347 648999 2084348 3985777 2702877 1282900 824751 590938 233813 18715902 COMMONFUND 5706944 F REAL ESTATE 43500 F OTHER 25272 F BONDS 868409 F 6644125 DUE FROM RELATED PARTY (HILLCREST BURIAL PARK, INC.) 36790 RELATED PARTY NOTES RECEIVABLE 172721 BENEFICIAL INTEREST IN PERPETUAL TRUST 957022 STUDENT LOANS RECEIVABLE 588012 1754545 DEPOSITS 41550 FEDERAL STUDENT LOAN FUNDS 798676 ANNUITIES PAYABLE 205022 DEFERRED COMPENSATION 681281 CAPITAL LEASE OBLIGATION 284120 2010649 X 10548258 208653 265962 474615 10073643 6786628 6786628 16860271 10630730 203974 203974 10426756 6786628 6786628 17213384 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, 2019 AND 2018, 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 203,974. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES 9,722. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 52,266. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 6,786,628. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 203,974. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 6,786,628. 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. 514 6786628 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 59073 QUOTED MARKET PRICE 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 9,722. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 52,266. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HILLCREST BURIAL PARK INC 100 ACADEMIC PARKWAY GRAYSON KY 41143 610656503 BURIAL PARK KY KENTUCKY CHRISTIAN UNIVERSITY C 11473 100792 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 36790 CASH