2018-10-16T09:21:57-05:00 2018-05-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2017-06-01 610510937 KENTUCKY CHRISTIAN UNIVERSITY KENT 6064743265 100 ACADEMIC PARKWAY GRAYSON KY 41143 KATHY SMITH CONTROLLER 6064743265 2018-10-15 1 RICHARD C SHIELDS P00852717 8592531100 2018-10-15 38.109.186.2 2018-10-15 10:53:58 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A084DC3FBDF0984A64D341454083614EF5496E6E 2017 2018-06-14 16:35:46Z KATHY SMITH 100 ACADEMIC PARKWAY GRAYSON KY 41143 18717764 0 X WWW.KCU.EDU X 1919 KY HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS. 14 13 476 7 0 -230 3020895 3560282 11167769 12033219 208516 153610 272884 275564 14670064 16022675 5442779 6369953 0 0 5045342 4948731 0 0 431562 5102408 5298819 15590529 16617503 -920465 -594828 34208340 34383947 10473015 10333253 23735325 24050694 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 13608657 6369953 12280572 FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. APPROXIMATELY 450 FULL-TIME EQUIVALENT STUDENTS. 13608657 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 1 0 0 1 0 0 0 0 1 1 0 0 0 1 53 0 1 476 1 1 1 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 CHAIR 2.00 X X 0 0 0 BARRY TAYLOR TRUSTEE 2.00 X 0 0 0 KIMBERLY TURPIN TRUSTEE 2.00 X 0 0 0 KEVIN PICKETT TRUSTEE AND TREASURER 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 30250 GLIMA HALL TRUSTEE AND SECRETARY 2.00 X X 0 0 0 BRIAN CARTER TRUSTEE 2.00 X 0 0 0 95440 0 30250 2 0 0 0 PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY OLATHE KS 66061 FOODSERVICE 782791 1 2298482 1261800 45000 3560282 STUDENT TUITION AND FEES 611600 9023049 9023049 LIVING FACILITIES 721310 1412936 1412936 DINING FACILITIES 722320 1180775 1180775 NON-STUDENT FEES 900099 318655 318655 INTEREST ON STUDENT RECEIVABLES 525990 33916 33916 63888 63888 12033219 190204 190204 28211 0 28211 28211 28211 2176923 270850 2217164 267203 -40241 3647 -36594 -36594 266533 210722 55811 55811 OTHER REVENUE 900099 79069 79069 SPONSORSHIPS, COMMISSIONS, AND CO 711300 56035 56035 ATHLETICS TOURNAMENTS 711210 36693 36693 19745 19745 191542 16022675 12280572 0 181821 6369953 6369953 125690 18854 75413 31423 4069572 3414167 487205 168200 416358 273471 92348 50539 337111 284381 36194 16536 5780 5780 43500 43500 73644 73644 1238579 579132 659447 10638 10388 250 93474 61057 17545 14872 101861 101861 735366 397768 337598 314872 305938 8934 262811 200866 49409 12536 1126965 807583 265626 53756 222694 177221 34850 10623 INSTRUCTIONAL AND OTHER 259079 182432 3570 73077 HONORARIUMS 186447 186447 MISCELLANEOUS 158094 81655 76439 MEMBERSHIPS 120663 74048 46615 344352 81435 262917 16617503 13608657 2577284 431562 809862 1212544 317287 327625 369628 345603 25543 69656 117820 110043 177350 157853 35734484 17103019 19353544 18631465 5166528 4874111 6019205 6862824 1851573 1792223 34208340 34383947 263639 304025 892814 1296817 7464090 6922105 1852472 1810306 10473015 10333253 X 14209150 14239799 3244891 3481901 6281284 6328994 23735325 24050694 34208340 34383947 X -594828 881825 28372 X X 0 1 X 1 1 1 X 9238154 71613 675464 450389 9534842 8567259 59183 1097083 485371 9238154 9023827 45526 -129423 372671 8567259 8647363 66824 531146 221506 9023827 7309670 601277 988864 252448 8647363 0.66380 0.33620 1 0 1353580 1353580 27288485 13480493 13807992 2454777 576401 1878376 3853100 2511048 1342052 784542 535077 249465 18631465 COMMONFUND 5583185 F REAL ESTATE 293500 F OTHER 25272 F BONDS 960867 F 6862824 DUE FROM RELATED PARTY (HILLCREST BURIAL PARK, INC.) 26865 RELATED PARTY NOTES RECEIVABLE 151857 BENEFICIAL INTEREST IN PERPETUAL TRUST 904756 STUDENT LOANS RECEIVABLE 708745 1792223 DEPOSITS 39000 FEDERAL STUDENT LOAN FUNDS 804081 ANNUITIES PAYABLE 215449 DEFERRED COMPENSATION 596977 CAPITAL LEASE OBLIGATION 154799 1810306 X 17143594 881825 239094 1120919 16022675 0 16022675 16828225 210722 210722 16617503 0 16617503 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, 2018 AND 2017, 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 210,722. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES 18,370. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 10,002. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 210,722. 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. 510 6369953 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 JAMES GIBSON FORMER BOARD MEMBER 250000 SALE OF PROPERTY - EVERMAN 0 X 2 45000 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 18,370. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 10,002. FORM 990, 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 10718 100050 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 26865 CASH