2012-10-29T15:33:44-05:00 2012-05-31 351178661 BLUE & CO LLC 301 EAST MAIN STREET SUITE 1100 LEXINGTON KY 40507 990 2011-06-01 610510937 KENTUCKY CHRISTIAN UNIVERSITY KENT 6064743234 100 ACADEMIC PARKWAY GRAYSON KY 41143 BILL BONDURANT 6064743234 2012-10-25 1 RICHARD C SHIELDS P00852717 8592531100 2012-10-25 2011 2016-02-24 21:20:13Z BILL BONDURANT 100 ACADEMIC PARKWAY GRAYSON KY 41143 18789405 0 X WWW.KCU.EDU X 1919 KY HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS. 16 15 477 17 9230 -4199 3484178 4943797 7498040 7943430 295157 130603 3783713 3973160 15061088 16990990 4720563 5193478 0 0 4618189 5113733 0 0 486022 5208630 5445098 14547382 15752309 513706 1238681 29027069 29779823 10146733 9966550 18880336 19813273 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 12334527 5193478 11870614 FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. 505 FULL TIME EQUIVALENT STUDENTS. 12334527 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 1 0 1 1 0 0 0 0 1 1 1 0 0 1 99 0 1 477 1 1 1 0 0 0 0 0 0 0 0 0 X 16 15 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 JEFFREY K METCALF 40.00 X X 109619 0 10110 DAVID BOWERS 2.00 X 0 0 0 GLIMA HALL 2.00 X X 0 0 0 DR JERRY SANDERS 2.00 X X 0 0 0 LARRY TUMBLIN 2.00 X X 0 0 0 TOMMY BAKER 2.00 X 0 0 0 JOHN GARNES 2.00 X 0 0 0 KENNETH PERKINS III 2.00 X X 0 0 0 NINA YANCEY 2.00 X 0 0 0 STUART SHEPARD 2.00 X 0 0 0 JOHN WELSH 2.00 X 0 0 0 JON GLISTA 2.00 X 0 0 0 JOE ELLISON 2.00 X 0 0 0 ROBERT WATERS 2.00 X 0 0 0 KEN AULEN 2.00 X 0 0 0 JAMES GIBSON 2.00 X 0 0 0 109619 0 10110 1 0 0 0 PIONEER COLLEGE CATERERS 12351 W 96TH TERRACE SUITE 204 LENEXA KS 66215 FOODSERVICE 809302 UNIVERSITY TELCOM INC 611 N CAROL MALONE BLVD GRAYSON KY 41143 PHONE AND INTERNET 271751 TOADVINE ENTERPRISES PO BOX 190 FISHERVILLE KY 40023 CONSTRUCTION 111543 HARGETT CORPORATION 437 LEWIS HARGETT CIRCLE SUITE 150 LEXINGTON KY 40503 CONSTRUCTION 107329 4 2442098 2501699 152995 4943797 STUDENT TUITION & FEES 611600 7943430 7943430 7943430 202847 202847 36746 36746 52126 0 52126 52126 52126 1487265 1559509 -72244 -72244 -72244 363420 238906 124514 124514 LIVING FACILITIES 721310 1561445 1561445 DINING FACILITIES 722320 1213731 1213731 NON STUDENT FEES 900099 545871 545871 438727 429497 9230 3759774 16990990 11818488 9230 219475 5193478 5193478 119729 17960 71837 29932 3939866 3173833 565147 200886 703554 531549 141104 30901 350584 283390 48729 18465 2313 2313 41500 41500 49332 49332 1250379 626036 624343 19274 19274 154704 95670 45992 13042 229589 61398 168191 686186 325737 360449 288207 280624 7583 378150 289020 69353 19777 906458 645399 213652 47407 172454 131807 31628 9019 REPAIRS AND MAINTENANCE 190874 124573 66301 HONORARIUMS 143545 143545 OTHER SUPPLIES 118248 1655 116593 MISCELLANEOUS 114843 58863 55980 699042 332371 366671 15752309 12334527 2931760 486022 268352 191814 358793 404902 58942 36178 93376 80185 115906 101983 35661573 17076379 18622909 18585194 3242819 3525487 4363564 4992435 1902408 1861645 29027069 29779823 351391 376836 900371 895359 7447950 7104093 1447021 1590262 10146733 9966550 X 12677957 12876721 1433947 1673752 4768432 5262800 18880336 19813273 29027069 29779823 X 1238681 -305744 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4991901 480240 -236750 51036 5184355 4353723 104418 820902 287142 4991901 3820389 240106 597597 304369 4353723 3878598 60891 98076 217176 3820389 0.84460 0.15540 1 0 1300580 1300580 24626035 9781907 14844128 1590773 241198 1349575 6625677 6064326 561351 1518508 988948 529560 18585194 SAVINGS & MONEY MARKET ACCOUNTS 2030613 F COMMONFUND 2643050 F REAL ESTATE 293500 F OTHER 25272 F 4992435 DUE FROM RELATED PARTY (HILLCREST BURIAL PARK, INC.) 10603 DEBT ISSUANCE COSTS 55605 RELATED PARTY NOTES RECEIVABLE 57880 BENEFICIAL INTEREST IN PERPETUAL TRUST 884006 STUDENT LOANS RECEIVABLE 853551 1861645 DEPOSITS 53550 FEDERAL STUDENT LOAN FUNDS 977990 ANNUITIES PAYABLE 315759 DEFERRED COMPENSATION 242963 1590262 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012 AND 2011, 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 KY CHRISTIAN UNIVERSITY INCLUDES A STMT RE THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICIES IN ALL PRINT, RADIO & TV MEDIA. EVERY ATTEMPT IS MADE TO COMMUNICATE THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICIES DURING ALL ACTIVITIES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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. 560 5193478 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. CITY OF GRAYSONKENTUCKY 2002-12-06 6490000 TO PAY OFF PREVIOIUS BONDS-CONSTRUCTION OF CLASSROOMS, DORMS, ETC. 0 0 0 CITY OF GRAYSONKENTUCKY 2007-08-01 1750000 FINANCE THE COST OF IMPROVEMENT TO EDUCATIONAL FACILITIES BUILDINGS 0 0 0 2646850 6425100 64900 1 0 0 1 1750000 28500 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 RON HARGETT FORMER TRUSTEE 107329 CONSTRUCTION SERVICES PROVIDED BY HARGETT CORPORATION, OF WHICH MR. HARGETT IS AN OWNER. 0 X 2 152995 PUBLISHED MARKET VALUE 0 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -307,126. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -12,746. CHANGE IN PRESENT VALUE OF BENEFICIAL TRUST 14,128. TOTAL TO FORM 990, PART XI, LINE 5: -305,744. UNIVERSITY TELCOM INC 611 N CAROL MALONE BLVD GRAYSON KY 41143 611350176 TECHNOLOGY SERVICES KY N/A C 304507 277010 1.00000 HILLCREST BURIAL PARK INC 100 ACADEMIC PARKWAY GRAYSON KY 41143 610656503 BURIAL PARK KY N/A C 9032 93212 1.00000 1 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 UNIVERSITY TELCOM A 6000 CASH HILLCREST BURIAL PARK D 10603 CASH UNIVERSITY TELCOM L 271313 CASH UNIVERSITY TELCOM I 6000 CASH