2015-10-14T13:04:16-05:00 2015-05-31 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2014-06-01 350868095 GRACE SCHOOLS % ART WOODRUFF GRAC 5743725100 200 SEMINARY DR WINONA LAKE IN 46590 PAUL BLAIR CHIEF FINANCIAL OFFICER 5743725100 2015-10-15 true Joyce A Dulworth P00151125 2604604000 2014 2016-02-25 16:41:14Z WILLIAM J KATIP 200 SEMINARY DR WINONA LAKE IN 46590 53612723 false X WWW.GRACE.EDU X 1948 IN GRACE COLLEGE STRIVES TO BE AN EVANGELICAL CHRISTIAN COMMUNITY OF HIGHER EDUCATION. 21 21 1139 75 0 0 5458980 8242046 40889925 45195248 75421 161880 0 0 46424326 53599174 13890802 15522589 0 0 15198711 14910583 0 0 928502 16714835 17871684 45804348 48304856 619978 5294318 50229175 54670863 21224406 20099264 29004769 34571599 GRACE COLLEGE IS AN EVANGELICAL CHRISTIAN COMMUNITY OF HIGHER EDUCATION WHICH APPLIES BIBLICAL VALUES IN STRENGTHENING CHARACTER, SHARPENING COMPETENCE, AND PREPARING FOR SERVICE. GRACE THEOLOGICAL SEMINARY IS A LEARNING COMMUNITY DEDICATED TO TEACHING, TRAINING, AND TRANSFORMING THE WHOLE PERSON FOR LOCAL CHURCH AND GLOBAL MINISTRY. AT GRACE, THE STUDENTS, ADMINISTRATION, FACULTY, AND STAFF AIM TOGETHER TO MAKE CHRIST PREEMINENT IN ALL THINGS. STUDENTS LEARN THIS BY LIVING, STUDYING, WORKING, WORSHIPING AND ACHIEVING ACADEMIC SUCCESS WITH OTHER YOUNG PEOPLE WHO SHARE SIMILAR CHRISTIAN IDEALS IN A SETTING WHERE THE COMMUNITY LIFESTYLE FOSTERS DEVOTION TO SERIOUS ACADEMIC INQUIRY, WHOLESOME RECREATION AND RELAXATION, AND MATURE SPIRITUAL GROWTH. false false 34848826 15522589 37060103 INSTRUCTIONAL PROGRAMS LOCATED ON A 180 ACRE CAMPUS WITH 2 SATELLITE CAMPUSES SERVING NEARLY 1,900 UNDERGRADUATE AND GRADUATE STUDENTS IN OVER 60 MAJORS. GRACE OFFERS A 3 YEAR DEGREE PROGRAM WITH OPPORTUNITY TO EARN A MASTERS DEGREE IN THE 4TH YEAR. EMPHASIS ON A BIBLICAL WORLDVIEW AND STUDENT OWNERSHIP OF PERSONAL FAITH THAT RIGHTLY HANDLES THE SCRIPTURES AS THE INERRANT AND VERBALLY INSPIRED WORD OF GOD. 7649742 8135145 AUXILIARY PROGRAMS OFFERING RESIDENTIAL HOUSING AND MEALS ON 180 ACRE CAMPUS. GRACE OFFERS 15 VARSITY SPORTS AND A VIBRANT INTRAMURAL SPORTING PROGRAM. GRACE HAS 15 PRIMARY STUDENT ORGANIZATIONS AND MANY ACADEMIC CLUBS. 42498568 true true false false false false false true false true true true false false true false false true true false true false false true false false false false true true true false false false false false false false false false false true false false false false true true true false false true 89 0 true 1139 true false false false false false false false false false false X 21 21 false false false false true true true true true false false true true true true true true true false false IN X ART WOODRUFF 5743725100 200 SEMINARY DR WINONA LAKE IN 46590 REV DAN ALLAN TRUSTEE 1.0 1.0 X 0 0 0 MS BROOK AVEY TRUSTEE 1.0 0.0 X 0 0 0 MR WILLIAM BURKE CHAIR 1.0 1.0 X X 0 0 0 DR JON CARINI TRUSTEE 1.0 0.0 X 0 0 0 REV KIP CONE TRUSTEE 1.0 0.0 X 0 0 0 DR JAMES CUSTER TRUSTEE 1.0 1.0 X 0 0 0 MR GREG DOSMANN TRUSTEE 1.0 0.0 X 0 0 0 MRS STEFANIE GROSS TRUSTEE 1.0 0.0 X 0 0 0 MR KEVAN JONSTON TRUSTEE 1.0 0.0 X 0 0 0 MR CHARLES KREIDER TRUSTEE 1.0 0.0 X 0 0 0 MR LAMARR LARK SR TRUSTEE 1.0 1.0 X 0 0 0 MR STEPHEN MILLER TRUSTEE 1.0 0.0 X 0 0 0 REV JOHN MCINTOSH TRUSTEE 1.0 0.0 X 0 0 0 MRS JANET MINNIX SECRETARY 1.0 1.0 X X 0 0 0 MR DANIEL RENNER TRUSTEE 1.0 0.0 X 0 0 0 MR RAY SHOOK TRUSTEE 1.0 0.0 X 0 0 0 MR SCOTT SILVEUS TRUSTEE 1.0 0.0 X 0 0 0 DR JOHN SMITH TRUSTEE 1.0 1.0 X 0 0 0 MR ROBERT VITOUX VICE CHAIR 1.0 1.0 X X 0 0 0 REV MICHAEL YODER TRUSTEE 1.0 0.0 X 0 0 0 REV NATHAN ZAKAHI TRUSTEE 1.0 0.0 X 0 0 0 DR WILLIAM KATIP PRESIDENT 40.0 5.0 X 200538 0 42193 MR PAUL BLAIR CHIEF FINANCIAL OFFICER 40.0 5.0 X 125679 0 25314 MR TIMOTHY ZIEBARTH DEAN OF ONLINE EDUCATION 40.0 0.0 X 123796 0 26377 MR STEPHEN GRILL DEAN OF COMMUNITY EDUCATION 40.0 0.0 X 119017 0 28116 MR JAMES SWANSON VP OF ACADEMIC SERVICES 40.0 0.0 X 112241 0 22416 MR JEFFREY FAWCETT DEAN OF SCHOOL OF BUSINESS 40.0 0.0 X 107254 0 19053 MR ROGER STICHTER PROFESSOR 40.0 0.0 X 97349 0 26308 885874 0 189777 9 false true false SODEXO INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 2817598 ARAMARK 24818 NETWORK PLACE CHICAGO IL 606731225 MAINTENANCE 1507060 BRANDPOET CREATIVE SERVICES 5345 OVERBEND TRAIL SUWANEE GA 30024 MARKETING 851066 MICHAEL KINDER SONS PO BOX 10572 FORT WAYNE IN 468530572 CONSTRUCTION 624042 THE LEARNING HOUSE 427 SOUTH FORTH STREET SUITE 300 LOUISVILLE KY 402023493 ONLINE SERVICES 490973 9 8242046 4243042 8242046 TUITION & FEES 611710 35230587 35230587 ROOM, BOARD, FEES 611710 9964661 9964661 45195248 0 112928 112928 0 0 0 0 62501 13549 48952 48952 48952 0 0 0 0 53599174 45195248 161880 0 15522589 15522589 0 0 394259 335120 51254 7885 0 11060413 8784369 1840139 435905 375330 319030 48793 7507 2643011 2104199 438233 100579 437570 371935 56884 8751 2138660 2138660 91855 32040 59390 425 74200 74200 0 0 0 3901474 2688231 1027005 186238 246235 152947 91139 2149 1302805 890411 356953 55441 655102 372000 237865 45237 0 2050569 1985984 52760 11825 1293720 1179075 87530 27115 0 64549 41909 18648 3992 599519 581732 17787 0 1859577 1822478 37099 239791 203822 35969 FOOD 745227 694629 24883 25715 MEMBERSHIP & DUES 183241 75813 98710 8718 BETHEL NURSING/TRINE ENGINEER 393973 393973 MISCELLANEOUS 2031187 1807622 222545 1020 48304856 42498568 4877786 928502 5557 5594 4768908 2669260 2010878 5083975 1723093 2288706 0 0 0 0 5035082 5034464 6900 0 398883 897220 55905632 21823038 31760032 34082594 1315803 1489305 2044350 2798450 0 0 0 0 1159689 321295 50229175 54670863 3315385 3232946 3158937 3032709 350620 1030682 11256530 11392174 0 0 0 0 1999933 0 0 0 1143001 1410753 21224406 20099264 X 14063520 14671967 6343824 10800933 8597425 9098699 29004769 34571599 50229175 54670863 X 5294318 -15501 288013 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 10774417 520361 400713 199984 11495507 10038098 297712 549363 110756 10774417 9892858 50273 509582 414615 10038098 9777863 119507 394331 398843 9892858 9170592 233705 742758 369192 9777863 0.79150 0.20850 true false 173161 173161 40986041 13603259 27382782 6564315 3776852 2579054 7283526 3985261 3506674 898589 457666 440923 34082594 0 0 ANNUITIES & TRUSTS PAYABLE 537717 SHORT-TERM FINANCING 873036 1410753 38067662 -15501 6578 -8923 38076585 15522589 15522589 53599174 32782267 32782267 15522589 15522589 48304856 PART III, LINE 1 COLLECTIONS OF HISTORICAL TREASURES AND SIMILAR ASSETS ARE NOT CAPITALIZED INASMUCH AS THE ITEMS ARE PRESERVED AND CARED FOR CONTINUOUSLY. PURCHASES OF COLLECTION ITEMS ARE REPORTED IN THE YEAR OF ACQUISITION AS DECREASES IN UNRESTRICTED NET ASSETS, OR IN TEMPORARY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS WERE RESTRICTED TO THAT USE BY THE DONOR. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT REPORTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DISPOSAL OF, AND THE INSURANCE RECOVERED RELATED TO COLLECTION ITEMS ARE REPORTED AS INCREASES IN APPROPRIATE NET ASSET CLASSES. THE SCHOOL'S COLLECTIONS CONSIST OF THE HOME AND ORIGINAL CONTENTS OF NOTED 20TH CENTURY EVANGELIST BILLY SUNDAY. LINE 4 THE ORGANIZATION HOLDS SEVERAL HISTORICAL BIBLICAL DOCUMENTS THAT ARE USED IN RESEARCH FOR THE ORGANIZATION'S SEMINARY AND OTHER INTERESTED PARTIES. THE SCHOOL HOLDS PERSONAL BELONGINGS OF NOTED 20TH CENTURY EVANGELIST BILLY SUNDAY, ALSO USED IN RESEARCH FOR STUDENTS AND OTHER INTERESTED PARTIES. PART V, LINE 4 TO FUND SCHOLARSHIPS AND OTHER DESIGNATED PROGRAM RELATED EXPENSES. ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. PART XI LINE 2D CHANGE IN VALUE OF ANNUITIES & TRUSTS $6,578 PART XI & XII LINE 4B STUDENT FINANCIAL AID $15,522,589 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICIES ARE INCLUDED IN ALL MATERIALS AVAILABLE TO THE PUBLIC. SCHEDULE E, PART I, LINE 6A GRACE SCHOOLS PARTICIPATES IN THE FEDERAL STUDENT AID PROGRAM ADMINISTERED THROUGH THE U.S. DEPARTMENT OF EDUCATION. GRACE STUDENTS WHO QUALIFY RECEIVE PELL GRANTS AND FEDERAL STUDENT LOANS AS WELL AS AID AND LOANS FROM CAMPUS-BASED PROGRAMS SUCH AS PERKINS, SEOG AND FEDERAL WORK STUDY. QUALIFIED STUDENTS ALSO RECEIVE FUNDING FROM INDIANA'S STATE STUDENT ASSISTANCE COMMISSION. EAST ASIA AND THE PACIFIC PROGRAM SERVICES ONLINE PROGRAMS 280267 280267 280267 false false false false false false X X X X X X X true JOHNSTON GROSSNICKLE ASSOCIATES 29 S PARK BLVD GREENWOOD IN 46143 CONSULTING false 0 87413 0 ROYAL MAIL GROUP 100 VICTORIA EMBANKMENT LONDON UK EC4Y 0HQ MAIL SOLIC. false 350000 91618 350000 BRANDPOET CREATIVE SERVICES 200 SEMINARY DR WINONA LAKE IN 46590 MAIL SOLIC. false 200000 19000 200000 550000 198031 550000 IN SCHOLARSHIPS 1410 14549248 SCHEDULE I, PART I, LINE 2 STUDENT FINANCIAL AID IS MONITORED BY INSTITUTIONAL GUIDELINES AND A COMMITTEE OF EMPLOYEES WITH RESPONSIBILITY TO ENSURE THE INSTRUCTION GUIDELINES ARE PROPERLY FOLLOWED. X X X X false false false false false false false false false DR WILLIAM KATIP PRESIDENT 200142 0 0 0 396 0 26501 0 15692 0 242731 0 0 0 MR PAUL BLAIR CHIEF FINANCIAL OFFICER 125541 0 0 0 138 0 7998 0 17316 0 150993 0 0 0 MR TIMOTHY ZIEBARTH DEAN OF ONLINE EDUCATION 123736 0 0 0 60 0 9061 0 17316 0 150173 0 0 0 A TOWN OF WINONA LAKE INDIANA ECONOMIC DEVELOPMENT 356001243 2015-04-27 10950000 REFINANCE PRIOR BOND ISSUES false false false A 0 0 0 0 0 0 0 0 0 0 0 0 false false false A false false false false 0 false false false true A false true true false 0 false 0 false false A false X 1 3224653 FMV X 2 1016000 FMV X MEALS 0 2389 RECEIPTS 2 false true false FORM 990, PART III, LINE 2 DURING 2014, GRACE SCHOOLS ESTABLISHED THE SCHOOL OF PROFESSIONAL AND ONLINE EDUCATION TO ENHANCE OUR ADULT AND ONLINE EDUCATIONAL OFFERINGS. FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUAL DONORS WHO ARE A MEMBER OF A CHURCH IN THE FELLOWSHIP OF GRACE BRETHREN CHURCHES AND CONTRIBUTE $25 OR MORE IN A CALENDAR YEAR BECOME CORPORATION MEMBERS FOR THAT YEAR. INDIVIDUAL DONORS WHO ARE A MEMBER OF A CHURCH IN THE FELLOWSHIP OF GRACE BRETHREN CHURCHES AND CONTRIBUTE $1,000 OR MORE IN ANY CALENDAR YEAR BECOME CORPORATION MEMBERS FOR LIFE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES SUBMITS A BALLOT OF NOMINEES AT THE ANNUAL CORPORATION MEETING. THE CORPORATION MEMBERS PRESENT AT THE CORPORATION MEETING APPROVE THE BALLOT OF NOMINEES. ALL CORPORATION MEMBERS OF RECORD RECEIVE BALLOTS AND ELECT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ALL CHANGES TO THE ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND PRESIDENT REVIEW THE 990 ALONG WITH AN INDEPENDENT CPA FIRM. THE BOARD OF TRUSTEES ARE THEN PROVIDED AN ELECTRONIC COPY FOR REVIEW PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE GOVERNING BODY AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EACH YEAR. ANY POTENTIAL CONFLICTS OF INTEREST ARE IDENTIFIED, INVESTIGATED AND RESOLVED. FORM 990, PART VI, SECTION B, LINE 15A A COMPARISON OF CCCU PRESIDENTS' SALARIES IS PROVIDED TO THE PRESIDENTIAL CARE COMMITTEE OF THE BOARD OF TRUSTEES. THE PRESIDENTIAL CARE COMMITTEE SETS THE PRESIDENT'S ANNUAL SALARY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 RECONCILIATION OF NET ASSETS CHANGE IN VALUE OF DERIVATIVE CONTRACTS 220,175 CHANGE IN VALUE OF ANNUITIES & TRUSTS 6,578 TRANSFER TO RELATED ORGANIZATION 61,260 TOTAL $288,013 GRACE COMMUNITY EDUCATION 200 SEMINARY DRIVE WINONA LAKE IN 46590 460695402 EDUCATION IN 501 (C) 3 2 GRACE COLL true INDEPENDENT COLLEGES OF INDIANA INC 30 SOUTH MERIDIAN STREET SUITE 800 INDIANAPOLIS IN 46204 310901001 EDUCATION IN 501(C)(3) 11 N/A false CHARITABLE REMAINDER TRUST CHAR. REM. TRUST IN NA false false false false false false false false false false false false false false true true false false false false