2011-04-12T17:19:13-07:00 2010-05-31 990 2009-06-01 431685651 GRACELAND COLLEGE CENTER FOR PROF DEV & LIFELONG LEARNING INC GRAC 9133621207 6900 Squibb Road Mission KS 66202 Ray Liggett 9133621207 2011-04-12 2009 2016-02-24 21:20:13Z Robert R Garr 6900 Squibb Road Mission KS 66202 56883705 0 X skillpath.com X 1994 MO Lifelong Professional Development & Continuing Education for Adults 9 7 298 0 0 0 0 0 74764739 49272238 139233 22656 5802796 5103237 80706768 54398131 1000000 4000000 0 0 15769437 10448390 0 0 0 70974974 41543940 87744411 55992330 -7037643 -1594199 27429228 23836384 14211903 12213259 13217325 11623125 Lifelong Professional Development & Continuing Education for Adults 0 0 40848504 0 54398131 The company provides professional development and continuing education to adult learners using an insturctor led classroom \seminar format augmented by books and other resources. During the fiscal year the company conducted over 10,000 seminars reaching more than 225,000 adult learners. 0 0 0 40848504 1 0 0 0 0 0 0 0 0 1 1 1 0 0 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 1 535 0 1 298 1 0 1 UK AS CA NZ 0 0 0 0 0 0 0 1 1 9 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 9133621207 6900 Squibb Road Attn Ray Liggett Mission KS 66201 Jack Cave 0.5 X 0 0 0 Denise Dudley 1 X 0 0 0 Jennings J Newcom 0.5 X 0 0 0 Dwayne Shannon 0.5 X 0 0 0 Cherry Hartnett 0.5 X 0 0 0 Cheryl Hansen 0.5 X 0 0 0 Bill Pennington 0.5 X 0 0 0 John Sellers 0.5 X 0 175961 26235 Robb Garr 50 X X X 411683 0 16987 Janice Tiffany 0.5 X 0 88148 4170 Ray Liggett 50 X X 287413 0 16987 Sheri Brown 45 X 39937 0 3792 Eric Snider 50 X X 328754 0 13487 Chad Braymer 50 X X 319626 0 13841 Shane Snider 50 X X 275110 0 15737 Theresa Morgan 50 X 162846 0 14116 Lynn Jackson 50 X 109494 0 13526 Shari Achille 50 X 122620 0 8442 Shari Wilkens 50 X 165561 0 11606 Amanda Lewis 40 X 156678 0 9744 2379722 264109 168670 13 0 1 0 0 0 Professional Development and Continuing Education 611600 49272238 49272238 0 0 0 0 0 0 49272238 22656 22656 0 0 0 0 0 0 0 0 0 0 328281 0 342961 0 -14680 0 -14680 -14680 0 0 0 0 7260530 2142613 5117917 5117917 0 0 0 54398131 54398131 0 0 4000000 4000000 1810729 1810729 6408917 6408917 247221 247221 1354273 1354273 627250 627250 51373 51373 249226 249226 22107888 22104693 3195 115601 115601 1021964 163008 858956 32883 32883 13943995 13943995 2951558 2951558 168958 168958 Credit Card Expense 636808 636808 0 0 Licensing Fees 13604 0 13604 0 Bad Debt Expense 189376 0 189376 0 Miscellaneous 60706 0 60706 0 55992330 40848504 15143826 0 1931831 3573448 2600765 1912520 0 0 4141601 3747308 0 0 0 0 0 0 612069 718432 7185085 6059955 12856073 5068081 8295876 7787992 0 0 0 0 2637761 0 24240 36729 27429228 23836384 6822531 5224547 0 0 7389372 6988712 0 0 0 0 0 0 0 0 0 0 0 0 14211903 12213259 X 13217325 11623125 0 0 0 0 13217325 11623125 27429228 23836384 X 0 1 1 X 0 X 121030788 117615983 100660341 83916101 56532768 479755981 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 121030788 117615983 100660341 83916101 56532768 479755981 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 479755981 649034 817457 673472 526956 350937 3017856 0 0 0 0 0 649034 817457 673472 526956 350937 3017856 0 0 0 0 0 121679822 118433440 101333813 84443057 56883705 482773837 0.99375 0.99428 0.00625 0.00572 X 0 2638100 2638100 0 5491864 1626497 3865367 0 2239221 1150166 1089055 0 1900364 1731035 169329 0 586524 560383 26141 7787992 Prepaid Rent and Deposits 36729 36729 0 0 54398131 55992330 -1594199 0 0 0 0 0 0 -1594199 56883705 0 0 0 2485574 2485574 54398131 0 0 0 54398131 58477904 0 0 0 2485574 2485574 55992330 0 0 0 55992330 SchD_P10_S00_L00 Schedule D, Part X 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 at May 31, 2010, nor was there a liability as of the date of implementation of June 1, 2009. SchD_P12_S00_L02d 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. SchD_P13_S00_L02d Schedule D, Part XIII, 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 Professional Development and Continuing Education 4403629 Europe (including Iceland and Greenland) 0 0 Program Services Professional Development and Continuing Education 44452 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Professional Development and Continuing Education 5140789 0 0 9588870 1 Graceland University 1 University Place Lamoni IA 50140 420707114 501c3 4000000 0 Grant is used by the recepient to provide education services in a university setting. 1 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Grants made to Graceland University, Lamoni, Iowa, a fully accredited 501c3 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 furtherence of the mission. X X X X X X 0 0 0 0 0 0 0 1 0 Robb Garr 316654 0 40500 0 54529 0 11000 0 5987 0 428670 0 584237 0 Ray Liggett 222770 0 25151 0 39492 0 11000 0 5987 0 304400 0 393712 0 Eric Snider 257380 0 29039 0 42335 0 7500 0 5987 0 342241 0 475976 0 Chad Braymer 253090 0 28431 0 38105 0 8250 0 5591 0 333467 0 451100 0 Shane Snider 216584 0 24543 0 33983 0 8250 0 7487 0 290847 0 402963 0 Amanda Lewis 48859 0 107758 0 61 0 7878 0 1866 0 166422 0 218469 0 Theresa Morgan 141182 0 0 0 21664 0 8904 0 5212 0 176962 0 180899 0 Shari Wilkens 102938 0 49360 0 13263 0 8250 0 3356 0 177167 0 210834 0 John Sellers 0 175961 0 0 0 0 0 16000 0 10235 0 202196 0 180092 SchJ_P01_S00_L03 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. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 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 threshhold 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. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 EVP Marketing Eric Snider and EVP MIS Shane Snider are brothers F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Corporation has one sole member - Graceland University, Lamoni, Iowa, a 501c3 corporation. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Graceland University of Lamoni, Iowa, a 501c3 corporation, is the sole member. The Board of Trustees of the University selects the Board Members of the Center. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b Graceland University, the sole member, could in certain situations overide decisions made by the governing body. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The CFO of the Center prepares the 990. The Form 990 is reviewed by the CFO and the President. The Form 990 is then made available to all members of the Board of Directors who are then asked asked to review the Form 990. The directors may submit questions about the information in the 990 to the CFO or 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 CFO may consult with the company's independent audit firm and or the company's outside legal cousel when advice or direction is needed. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The Board of Dircetors 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board of Directors reviews and establishes the total compensation for the officers and key employees on an annual basis. The Board utilizes an independent third party compensation consulting firm with experience in analyzing and recommending compensation practices in order to fairly conduct the annual review. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 All such documents are made available upon request. Documents are provided either in an electroinic 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 Graceland University b 4000000