2015-04-15T17:23:38-07:00 2014-05-31 990 2013-06-01 431685651 GRACELAND COLLEGE CENTER FOR PROF DEV & LIFELONG LEARNING INC GRAC 9137485082 6900 Squibb Road Mission KS 66202 John Cave President and CEO 9133623900 2015-04-15 2013 2016-03-07 17:11:31Z John A Cave 6900 Squibb Road Mission KS 66202 51129773 0 X www.skillpath.com X 1994 MO Lifelong Professional Development and Continuing Education for Adults 8 7 252 0 0 0 0 0 47922978 45711885 7039 5269 4048636 3392307 51978653 49109461 1200000 1520000 0 0 13078793 13237674 0 0 0 37531997 33108254 51810790 47865928 167863 1243533 23086417 23157052 12322699 11149801 10763718 12007251 Lifelong Professional Development and Continuing Education for Adults 0 0 32612841 0 49109461 The organization presented approximately 12,200 seminars to in excess of 145,000 participants for continuing education and professional and personal development. 0 0 0 32612841 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 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 0 0 0 1 610 0 1 252 1 0 1 AS CA NZ UK 0 0 0 0 X 8 7 1 0 0 0 1 1 1 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 Cheryl Hansen Chairman 5 1 X 0 0 0 Jack Cave Board Member, President & CEO 60 10 X X X X 168863 0 0 Denise Dudley Board Member 5 1 X 0 0 0 Jennings J Newcom Board Member 5 1 X 0 0 0 John Sellars Board Member 5 80 X 0 160586 22556 Bill Pennington Board Member 5 1 X 0 0 0 Cherry Hartnett Board Member 5 1 X 0 0 0 Bob White Board Member 5 1 X 0 0 0 Robb Garr CEO 50 0 X X X X 537376 0 8427 Janice Tiffany Treasurer 5 50 X 0 99924 1423 Ray Liggett Executive VP/CFO 60 0 X X X X 385953 0 14423 Sheri Brown Secretary 50 0 X X 53402 0 7688 Eric Snider Executive VP 60 0 X X X 375073 0 11865 Chad Braymer Executive VP 60 0 X X X 353629 0 11869 Shane Snider Executive VP 60 0 X X X 314190 0 11870 Shari Wilkens VP Onsite Sales 50 0 X 269686 0 11726 Theresa Stafford VP Production 50 0 X X 205082 0 5208 Lynn Jackson VP Faculty 50 0 X 149226 0 11688 Shari Achille Director of Marketing 50 0 X 147329 0 9203 Amanda Cordell Account Manager Onsite Sales 40 0 X 169901 0 10842 Adam Liston Account Manager Onsite Sales 40 0 X 147435 0 3661 3277145 260510 142449 16 1 1 0 Jack Cave 1070 Kamehame Dr Honolulu HI 96825 Management Services 168863 1 0 Professional Development and Continuing Ed 611430 45711885 45711885 0 0 0 0 0 0 45711885 5269 5269 0 0 0 0 0 0 0 0 0 0 417287 0 419504 0 -2217 0 -2217 -2217 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4995332 1600808 3394524 3394524 0 0 0 0 0 0 0 49109461 49109461 0 0 1520000 1520000 0 0 0 0 0 0 2120714 0 2120714 0 0 0 0 0 7230128 0 7230128 0 198849 0 198849 0 2924933 0 2924933 0 763050 0 763050 0 56705 0 56705 0 70372 0 70372 0 207695 0 207695 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15157078 15144420 12658 0 101331 0 101331 0 0 0 0 0 0 0 0 0 1143115 145308 997807 0 59603 0 59603 0 0 0 0 0 15169316 15169316 0 0 0 0 0 0 0 0 0 0 199371 0 199371 0 142893 0 142893 0 Credit Card Expense 633797 633797 0 0 Temp. Labor 56155 0 56155 0 Bad Debt 96887 0 96887 0 Miscellaneous 13936 0 13936 0 47865928 32612841 15253087 0 4396832 5648254 1896942 2051823 0 0 3891377 3627623 0 0 0 0 0 0 793937 649434 4940964 4337135 11973833 5134878 7137631 6838955 0 0 0 0 0 0 0 0 28734 3828 23086417 23157052 5898585 4935434 0 0 6424114 6214367 0 0 0 0 0 0 0 0 0 0 0 0 12322699 11149801 X 10763718 12007251 0 0 0 0 10763718 12007251 23086417 23157052 1243533 0 0 0 0 0 X 0 1 X 1 0 X 0 0 0 0 0 0 56532768 60048382 61683683 53713538 50707216 282685587 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 56532768 60048382 61683683 53713538 50707216 282685587 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 282685587 350937 344325 377776 355987 422557 1851582 0 0 0 0 0 0 350937 344325 377776 355987 422557 1851582 0 0 0 0 0 0 0 0 0 0 0 0 56883705 60392707 62061459 54069525 51129773 284537169 0.99349 0.9938 0.00651 0.0062 X 0 2638100 2638100 0 5581181 2266540 3314641 0 2334046 1672360 661686 0 1006493 810895 195598 0 414013 385083 28930 6838955 0 0 X 51129773 0 0 0 2020312 2020312 49109461 0 0 0 49109461 49886240 0 0 0 2020312 2020312 47865928 0 0 0 47865928 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, 2014, and May 31, 2013. 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. Rental expense is deducted from rental income on the 990 but not 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. Rental expense is deducted from rental income on the 990 but not on the audited financial statements. East Asia and the Pacific 0 0 Program Services Adult Continuing Education 2289417 Europe (including Iceland and Greenland) 0 0 Program Services Adult Continuing Education 465071 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Adult Continuing Education 1416406 0 0 4170894 0 0 0 0 0 0 1 Graceland University 1 University Place Lamoni IA 50140 420707114 501c3 1520000 0 cash 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. X X X X X X 1 0 0 0 0 1 0 0 0 Jack Cave Board Member, President & CEO 157752 0 0 0 11111 0 0 0 0 0 168863 0 0 0 Robb Garr CEO 374294 0 0 0 163082 0 5750 0 2677 0 545803 0 485262 0 Ray Liggett Executive VP/CFO 253684 0 29525 0 102744 0 11500 0 2923 0 400376 0 327817 0 Eric Snider Executive VP 292684 0 34020 0 48369 0 8750 0 3115 0 386938 0 382462 0 Chad Braymer Executive VP 287684 0 33413 0 32533 0 8750 0 3119 0 365499 0 367577 0 Shane Snider Executive VP 247124 0 28917 0 38150 0 8750 0 3120 0 326061 0 322230 0 Shari Wilkens VP Onsite Sales 121093 0 132911 0 15681 0 8750 0 2976 0 281411 0 271710 0 Theresa Stafford VP Production 148488 0 0 0 56594 0 3875 0 1333 0 210290 0 196159 0 Amanda Cordell Account Manager Onsite Sales 42095 0 127736 0 70 0 8618 0 2223 0 180742 0 189656 0 Lynn Jackson VP Faculty 120542 0 10893 0 17791 0 8710 0 2978 0 160914 0 151620 0 Adam Liston Account Manager Onsite Sales 39675 0 107718 0 43 0 2203 0 1458 0 151097 0 0 0 Shari Achille Director of Marketing 124041 0 2898 0 20390 0 8750 0 453 0 156532 0 143159 0 John Sellars Board Member 0 160586 0 0 0 0 0 20000 0 2556 0 183142 0 298379 Schedule J, Part I, Line 3 The CEO's pay is set annually by the Board based on a recommendation of the Compensation Committee (composed of independent members of the governing board). The recommendation is developed by working with an independent compensation consulting firm. Schedule J, Part I, Line 4 Robb Garr received severance payments in the amount of $277,692. Ray Liggett received severance payments in the amount of $99,615. 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 EVP Marketing Eric Snider and 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 A, Line 7b Graceland University, the sole member, could in certain situations override decisions made by the governing body. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the President. The Form 990 is 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 Corporate Controller 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 Corporate Controller 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 on an annual basis. The Board utilizes advice from an independent third party compensation consulting firm with experience in analyzing and recommending compensation practices when making compensation decisions. 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 1520000 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.