2016-01-21T13:47:06-06:00 2015-05-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2014-06-01 610510937 KENTUCKY CHRISTIAN UNIVERSITY KENT 6064743234 100 ACADEMIC PARKWAY GRAYSON KY 41143 MARILYN RUNYAN CONTROLLER 6064743234 2016-01-18 1 RICHARD C SHIELDS P00852717 8592531100 2016-01-18 2014 2016-04-25 22:37:26Z MARILYN RUNYAN 100 ACADEMIC PARKWAY GRAYSON KY 41143 19792203 0 X WWW.KCU.EDU X 1919 KY HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS. 14 13 510 12 2651 -1675 4357008 4223978 11495839 12095559 162994 169073 387220 326935 16403061 16815545 5425088 5748338 0 0 5558990 5092737 0 0 398254 5248418 5110132 16232496 15951207 170565 864338 34409818 35737592 11979448 11465549 22430370 24272043 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 12893858 5748338 12386319 FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. 471 FULL-TIME EQUIVALENT STUDENTS. 12893858 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 51 0 1 510 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 6064743234 100 ACADEMIC PARKWAY GRAYSON KY 41143 KEN AULEN TRUSTEE AND TREASURER 2.00 X X 0 0 0 JAMES GIBSON TRUSTEE 2.00 X 0 0 0 JOHN GLISTA 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 DR PHILIP LEMASTER TRUSTEE 2.00 X X 0 0 0 DIANE MANSFIELD TRUSTEE AND CHAIR 2.00 X 0 0 0 BARRY TAYLOR TRUSTEE 2.00 X 0 0 0 KIMBERLY TURPIN TRUSTEE 2.00 X 0 0 0 ROBERT L WATERS TRUSTEE 2.00 X 0 0 0 JOHN WELSH TRUSTEE 2.00 X 0 0 0 DR JEFFREY K METCALF PRESIDENT AND TRUSTEE 40.00 X X 113052 0 14900 GLIMA HALL TRUSTEE AND SECRETARY 2.00 X X 0 0 0 BRIAN CARTER TRUSTEE 2.00 X 0 0 0 113052 0 14900 1 0 0 0 PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY OLATHE KS 66061 FOODSERVICE 836861 JENZABAR 101 HUNTINGTON AVENUE BOSTON MA 02199 INFORMATION TECHNOLOGY 453782 2 2372063 1851915 1538 4223978 STUDENT TUITION AND FEES 611600 8822750 8822750 LIVING FACILITIES 721310 1515148 1515148 DINING FACILITIES 722320 1333315 1333315 NON-STUDENT FEES 900099 324683 324683 PRINT SHOP 518210 28824 28824 70839 70839 12095559 194613 194613 33524 0 33524 33524 33524 2693873 2719413 -25540 -25540 -25540 350872 257245 93627 93627 OTHER REVENUE 900099 88799 88799 ATHLETICS TOURNAMENTS 711210 49862 49862 SPONSORSHIPS AND COMMISSIONS 711300 46250 46250 14873 12222 2651 199784 16815545 12386319 2651 202597 5748338 5748338 127952 19193 76771 31988 4012018 3332194 494082 185742 620424 498816 121608 332343 276029 40928 15386 42500 42500 68130 68130 1185077 470752 714325 9271 9271 94993 67083 21200 6710 64886 63899 987 656739 338914 317825 272873 266395 6478 300129 229389 55332 15408 1037257 738734 244481 54042 272615 213002 45410 14203 INSTRUCTIONAL AND OTHER 261134 184349 2010 74775 MISCELLANEOUS 187548 101375 86173 HONORARIUMS 158170 158170 REPAIRS AND MAINTENANCE 147580 78396 69184 351230 99559 251671 15951207 12893858 2659095 398254 820943 1786995 1457553 1566633 289902 264902 9332 1921 89453 98156 107826 163258 34595848 14562319 19955446 20033529 4593755 4545562 5118794 5412276 1966814 1864360 34409818 35737592 460275 357425 889502 847722 9122322 8612287 1507349 1648115 11979448 11465549 X 13196922 14155354 3066864 3976358 6166584 6140331 22430370 24272043 34409818 35737592 X 864338 653982 323353 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8647363 66824 531146 221506 9023827 7309670 601277 988864 252448 8647363 5184355 1085027 1390108 349820 7309670 4991901 480240 -236750 51036 5184355 4353723 104418 820902 287142 4991901 0.00000 0.68050 0.31950 1 0 1353580 1353580 27271750 11638283 15633467 1831037 368015 1463022 3060282 2210555 849727 1079199 345466 733733 20033529 COMMONFUND 4410668 F REAL ESTATE 293500 F OTHER 25272 F BONDS 682836 F 5412276 DUE FROM RELATED PARTY (HILLCREST BURIAL PARK, INC.) 17283 DEBT ISSUANCE COSTS, NET 92679 RELATED PARTY NOTES RECEIVABLE 85049 BENEFICIAL INTEREST IN PERPETUAL TRUST 892415 STUDENT LOANS RECEIVABLE 776934 1864360 DEPOSITS 43800 FEDERAL STUDENT LOAN FUNDS 831305 ANNUITIES PAYABLE 267804 DEFERRED COMPENSATION 398247 CAPITAL LEASE OBLIGATION 106959 1648115 X 17775456 653982 305929 959911 16815545 0 16815545 16208452 257245 257245 15951207 0 15951207 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, 2015 AND 2014, 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 257,245. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES 20,761. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 27,923. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 257,245. 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. 562 5748338 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 FORM 990, PART VI, SECTION B, LINE 11 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 20,761. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 27,923. TRANSFER OF ASSETS FROM SUBSIDIARY 274,669. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. UNIVERSITY TELCOM INC 611 N CAROL MALONE BLVD GRAYSON KY 41143 611350176 TECHNOLOGY SERVICES KY KENTUCKY CHRISTIAN UNIVERSITY C 1.00000 0 HILLCREST BURIAL PARK INC 100 ACADEMIC PARKWAY GRAYSON KY 41143 610656503 BURIAL PARK KY KENTUCKY CHRISTIAN UNIVERSITY C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 HILLCREST BURIAL PARK INC D 17283 CASH UNIVERSITY TELCOM INC S 274669 CASH