2014-10-09T15:08:12-05:00 2014-05-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2013-06-01 610510937 KENTUCKY CHRISTIAN UNIVERSITY KENT 6064743234 100 ACADEMIC PARKWAY GRAYSON KY 41143 MARILYN RUNYAN CONTROLLER 6064743234 2014-10-09 1 RICHARD C SHIELDS P00852717 8592531100 2014-10-09 2013 2015-11-30 17:44:51Z MARILYN RUNYAN 100 ACADEMIC PARKWAY GRAYSON KY 41143 19167073 0 X WWW.KCU.EDU X 1919 KY HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS. 13 13 528 16 6620 0 3585588 4357008 8146141 11495839 384430 162994 4100267 387220 16216426 16403061 5478686 5425088 0 0 5305888 5558990 0 0 586757 5507067 5248418 16291641 16232496 -75215 170565 33184518 34409818 11967394 11979448 21217124 22430370 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 12802190 5425088 11829950 FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. 471 FULL-TIME EQUIVALENT STUDENTS. 12802190 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 62 0 1 528 1 1 1 0 0 0 0 0 0 0 0 0 X 13 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 TOMMY BAKER TRUSTEE 2.00 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 SECRETARY 2.00 X 0 0 0 DR JERRY SANDERS 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 ROBERT L WATERS TRUSTEE 2.00 X 0 0 0 JOHN WELSH TRUSTEE 2.00 X 0 0 0 DR JEFFREY K METCALF PRESIDENT 40.00 X 113052 0 12440 113052 0 12440 1 0 0 0 PIONEER COLLEGE CATERERS 12351 W 96TH TERRACE SUITE 204 LENEXA KS 66215 FOODSERVICE 816443 UNIVERSITY TELCOM INC 611 N CAROL MALONE BLVD GRAYSON KY 41143 PHONE AND INTERNET 260163 LIGHT'S ENTERPRISES INC 2000 W NEW BUCKLEY RD ASHLAND KY 41102 CONSTRUCTION 132630 H&W SPORT SHOP 115 S CENTRAL AVE CAMPBELLSVILLE KY 42718 UNIFORMS 119784 4 2300484 2056524 18216 4357008 STUDENT TUITION AND FEES 611600 8275855 8275855 LIVING FACILITIES 721310 1467171 1467171 DINING FACILITIES 722320 1223546 1223546 NON-STUDENT FEES 900099 397395 397395 PRINT SHOP 518210 58249 58249 73623 73623 11495839 177807 177807 46489 0 46489 46489 46489 2505155 2392648 127320 112507 -127320 -14813 -14813 337815 244044 93771 93771 OTHER REVENUE 900099 166519 166519 SPONSORSHIPS AND COMMISSIONS 711300 24231 24231 VEHICLES INCOME 480000 16021 16021 40189 33569 6620 246960 16403061 11829950 6620 209483 5425088 5425088 125492 18824 75295 31373 4354393 3551280 524946 278167 634387 520235 114152 444718 355681 62121 26916 42500 42500 64330 64330 1163602 484968 678634 10649 10649 127631 83541 32995 11095 207145 62865 144280 674630 347748 326882 236595 231243 5352 311123 237791 55408 17924 980480 694377 231099 55004 356020 276787 58755 20478 INSTRUCTIONAL AND OTHER 241679 93750 2129 145800 HONORARIUMS 179070 179070 REPAIRS AND MAINTENANCE 155677 94896 60781 MISCELLANEOUS 128048 50995 77053 369239 82402 286837 16232496 12802190 2843549 586757 265063 820943 1204104 1457553 364002 289902 25712 9332 89900 89453 122174 107826 36094212 16138766 20734178 19955446 4012035 4593755 4411398 5118794 1955952 1966814 33184518 34409818 465049 460275 880945 889502 9146220 9122322 1475180 1507349 11967394 11979448 X 13802635 13196922 1856488 3066864 5558001 6166584 21217124 22430370 33184518 34409818 X 170565 973394 69287 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7309670 601277 988864 252448 8647363 5184355 1085027 1390108 349820 7309670 4991901 480240 -236750 51036 5184355 4353723 104418 820902 287142 4991901 3820389 240106 597597 304369 4353723 0.71310 0.28690 1 0 1300580 1300580 27243935 10953830 16290105 1829146 341464 1487682 4467873 3900689 567184 1252678 942783 309895 19955446 COMMONFUND 3998363 F REAL ESTATE 293500 F OTHER 25272 F BONDS 801659 F 5118794 DUE FROM RELATED PARTY (HILLCREST BURIAL PARK, INC.) 12791 DEBT ISSUANCE COSTS, NET 101229 RELATED PARTY NOTES RECEIVABLE 70644 BENEFICIAL INTEREST IN PERPETUAL TRUST 985492 STUDENT LOANS RECEIVABLE 796658 1966814 DEPOSITS 47200 FEDERAL STUDENT LOAN FUNDS 842812 ANNUITIES PAYABLE 276141 DEFERRED COMPENSATION 341196 1507349 X 17956422 973394 579967 1553361 16403061 0 16403061 16761636 529140 529140 16232496 0 16232496 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, 2014 AND 2013, 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 244,044. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES 11,981. UNIVERSITY TELCOM, INC. REVENUES 266,621. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 57,306. UNIVERSITY TELCOM, INC. INTEREST INCOME 15. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 244,044. UNIVERSITY TELCOM, INC. EXPENSES 254,901. UNIVERSITY TELCOM, INC. DEPRECIATION 24,016. UNIVERSITY TELCOM, INC. TAXES 6,179. 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. 556 5425088 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 11,981. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 57,306. 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 1 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 UNIVERSITY TELCOM INC A 6000 CASH HILLCREST BURIAL PARK INC D 12791 CASH UNIVERSITY TELCOM INC J 6000 CASH UNIVERSITY TELCOM INC M 144000 CASH