2011-04-16T09:54:45-05:00 2010-05-31 RSM MCGLADREY INC 221 THIRD AVENUE SE SUITE 300 CEDAR RAPIDS IA 524011512 990 2009-06-01 420707114 GRACELAND UNIVERSITY GRAC 6417845131 1 UNIVERSITY PLACE LAMONI IA 501401641 JANICE TIFFANY 6417845131 2011-04-15 1 Kay Hegarty 3192985333 2009 2016-02-24 21:20:13Z JOHN SELLARS 1 FOUNDERS DRIVE LAMONI IA 50140 56842260 0 X WWW.GRACELAND.EDU X 1895 IA IT IS GRACELAND UNIVERSITY'S MISSION TO BE ONE OF THE FINEST UNIVERSITIES IN THE MIDWEST, DEVELOPING AND MAINTAINING STANDARDS FOR HIGH QUALITY BY ENHANCING STUDENT LEARNING AND PROMOTING COMMUNITIES OF EXCELLENCE. 27 25 1234 38 388928 -228577 10109472 13715670 31431352 33782231 734641 240229 605359 391818 42880824 48129948 10465496 10031492 0 21787933 20769751 64021 48833 1592803 15949014 15593100 48266464 46443176 -5385640 1686772 97845737 95823440 47899217 45821964 49946520 50001476 GRACELAND UNIVERSITY CREATES LEARNING COMMUNITIES WHERE STUDENTS DEVELOP THEIR POTENTIAL FOR MEANINGFUL AND PRODUCTIVE LIVES. 0 0 9822547 27962607 EDUCATIONAL PROGRAMS, GENERAL/OTHER: GRACELAND OFFERS A LIBERAL ARTS EDUCATION OFFERED TO 2,034 FTE STUDENTS IN TRADITIONAL ON-CAMPUS PROGRAMS, AT SATELLITE (COMMUNITY COLLEGE) SITES, AND VIA DISTANCE LEARNING FORMATS. 31 UNDERGRADUATE MAJORS ARE OFFERED, AS WELL AS MASTERS PROGRAMS IN EDUCATION, NURSING AND RELIGION. GRACELAND UNIVERSITY IS A MEMBER OF THE NORTH CENTRAL ASSOCIATION AND IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. ACADEMIC SUPPORT INCLUDES ACCREDITATION AND ASSESSMENT ACTIVITIES, LIBRARIES, AND INSTRUCTIONAL TECHNOLOGY SUPPORT. (2,034 FTE STUDENTS) 21401603 5819624 STUDENT SERVICES PROGRAMS, GENERAL/OTHER: STUDENT SERVICES ENCOMPASSES CULTURAL AND SOCIAL ACTIVITIES FOR STUDENTS, STUDENT GOVERNMENT, AND INTERCOLLEGIATE ATHLETICS. IT ALSO INCLUDES THOSE OFFICES PROVIDING STUDENT SERVICES SUPPORT, INCLUDING ADMISSIONS, REGISTRAR AND OTHERS. AUXILIARY SERVICES INCLUDES THE UNIVERSITY BOOKSTORE, FOOD SERVICE, RESIDENCE HALL, SNACK SHOP AND VENDING OPERATIONS. 10031492 10031492 0 STUDENT FINANCIAL AID PROGRAMS: SCHOLARSHIPS, GRANTS AND OTHER STUDENT FINANCIAL ASSISTANCE WERE OFFERED TO APPROXIMATELY 99.5% OF OUR STUDENTS IN ON-CAMPUS AND SATELLITE PROGRAMS. FUNDING IS PROVIDED THROUGH INSTITUTIONAL SOURCES, GOVERNMENT GRANT PROGRAMS ADMINISTERED BY THE UNIVERSITY, OR GOVERNMENT-SPONSORED LOAN PROGRAMS (2,073 STUDENTS). TRIO PROGRAM-PUBLIC SERVICES PROVIDED TO SURROUNDING AREA CAMPUS TUTORING 41255642 1 1 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 1 148 0 1 1234 1 1 1 0 0 0 0 1 1 0 0 0 0 27 25 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JANICE TIFFANY 6417845120 1 UNIVERSITY PLACE LAMONI IA 501401641 LEONARD BOSWELL 1.00 X 0 0 0 O BROONER 1.00 X 0 0 0 ROBERT P BRUCH 2.00 X 0 0 0 DAVID CARMICHAEL MD 2.00 X 0 0 0 DENISE DUDLEY 2.00 X 0 0 0 CALVIN V FRENCH 1.00 X 0 0 0 CHERYL F HANSEN 1.00 X X 0 0 0 LAURIE HEINTZ 1.00 X 0 0 0 BARBARA HIGDON 0.50 X 0 0 0 W GARY HOWARD 1.00 X 0 0 0 LORI KALEIKAU 5.00 X 0 0 0 MICHAEL LEWIS 1.00 X 0 0 0 KENNETH B MCCLAIN 2.00 X X 0 0 0 KAY MUSSELL 1.00 X 0 0 0 JENNINGS J NEWCOM 2.00 X X 0 0 0 EMMA J ROSS 0.50 X 0 0 0 DAVID SCHAAL 1.00 X 0 17480 57980 DWAYNE SHANNON 2.00 X 0 0 0 LLEWELLYN A SHEPHERDSON 2.00 X 0 0 0 HELEN PEARSON SMITH 2.00 X 0 0 0 JANET WORTHINGTON 2.00 X 0 0 0 K MICHAEL ZABEL 5.00 X 0 0 0 DONALD BROWN 2.00 X 0 0 0 RONALD GILLILAN 1.00 X 0 0 0 CM HARNETT 2.00 X 0 0 0 WA PENNINGTON 0.50 X 0 0 0 MATTHEW BEEM 1.00 X 0 0 0 JOHN SELLARS 75.00 X 175961 0 48389 KATHLEEN CLAUSON 35.00 X 67410 0 0 TOM POWELL 50.00 X 82003 0 12997 JANICE TIFFANY 55.00 X 88148 0 4632 GREG SUTHERLAND 50.00 X 90791 0 1989 KELLY EVERETT 55.00 X 90607 0 2173 SHARON KIRKPATRICK 60.00 X 62119 0 8086 PARRIS WATTS 70.00 X 61348 0 28724 718387 17480 164970 1 0 1 0 JE DUNN 1001 LOCUST ST KANSAS CITY MO 641062682 RENOVATION CONSTRUCTION 3596202 SODEXO FOOD SERVICE 1 UNIVERSITY PLACE LAMONI IA 50140 FOOD SERVICE 1848327 GOULD EVANS ASSOCIATES 706 MASSACHUSETTS ST LAWRENCE KS 66044 CONSTRUCTION CONSULTING 469627 SCHUMACKER ELEVATOR COMPANY BOX 393 DENVER IA 50622 ELEVATOR MAINTENANCE 142914 GOULD EVANS GOODMAN 4041 MILL ST KANSAS CITY MO 64111 CONSTRUCTION CONSULTING 125822 8 4210883 1721330 7783457 3830707 13715670 TUITION AND FEES 611600 27962607 27962607 AUXILIARY ENTERPRISES 611600 5316546 5316546 503078 503078 33782231 52085 52085 2890 2890 16036 3887 12149 12149 12149 8482110 8293966 188144 188144 188144 791238 414459 376779 376779 48129948 28465685 388928 5559665 10031492 10031492 845702 67410 599104 179188 14551588 13123903 843755 583930 1691317 1089965 545751 55601 2820301 2362160 279119 179022 860843 741758 81246 37839 114068 52734 61190 144 35233 8860 26144 229 91888 7839 83649 400 48833 48833 174880 174880 4136984 3952262 163516 21206 646247 509839 85630 50778 2362881 2109029 139907 113945 489237 421559 46173 21505 1667340 1583283 56474 27583 884000 734974 35253 113773 150162 63856 46158 40148 825969 741105 56089 28775 2072970 1859985 140768 72217 582140 499307 73281 9552 INVESTMENT SERVICE CHAR 518469 466700 34227 17542 COST OF GOODS SOLD 448045 434676 13295 74 PARTICIPANT ROOM AND BO 136459 127136 9323 Collection Bad Debt 28178 16000 12178 ACCRETION, MISC., MERCH 19311 29773 -6915 -3547 208639 220037 3859 -15257 46443176 41255642 3594731 1592803 45984 10204 6658878 3067262 6325810 3448694 1379766 2311000 326877 403212 1013674 819127 83574279 46215313 36050543 37358966 1539897 22604607 34845049 14111943 4029659 4081752 5629600 7606673 97845737 95823440 13364831 14368706 2962442 2039757 2231175 23394100 19880000 2987627 6138087 6354456 47899217 45821964 X 14740324 11471395 13945370 15948148 21260826 22581933 49946520 50001476 97845737 95823440 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37510314 1101996 1959825 2100000 38472135 55439287 3489309 -15650320 5767962 37510314 0.39640 0.55180 0.05180 0 1 1 1006727 1006727 61121134 26817249 34303885 20767408 19398064 1369344 679010 679010 37358966 INVESTMENT IN RELATED ENTITY - THE CENTER 11623125 F CASH VALUE OF LIFE INSURANCE 280680 F OTHER POOLED INVESTMENTS - REAL ESTATE 2161807 F OTHER INVESTMENTS 46331 F 14111943 Bond Issuance Costs 408335 CASH RESTRICTED FOR INVESTMENT IN LAND, BLDG, EQUIP 5547883 FUNDS HELD IN TRUST BY OTHERS 1650455 7606673 ANNUITIES PAYABLE 1303726 FUNDS HELD FOR OTHERS 575730 SECURED NOTE PAYABLE FROM RELATED ENTITY - COMMUNITY OF CHRIST CHURCH 4475000 6354456 48129948 46443176 1686772 2095188 1500 -3728504 -1631816 54956 92903967 2095188 1500 56883704 58980392 33923575 174880 14031493 14206373 48129948 90714708 54477904 54477904 36236804 174880 10031492 10206372 46443176 Part V, Line 4: Description of Intended Use of Endowment Funds: UNIVERSITY ENDOWMENT FUNDS ARE POOLED WITH AND HELD BY THE SPONSORING CHURCH, COMMUNITY OF CHRIST. ENDOWMENT DISTRIBUTIONS ARE USED FOR SCHOLARSHIP AND PROGRAM EXPENSES. Part X: Description of Uncertain Tax Positions Under FIN 48: FOOTNOTE REPORTING LIABILTY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 THE UNIVERSITY AND THE CENTER HAVE TAX DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE STATING THEY QUALIFY UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND ARE EXEMPT FROM FEDERAL INCOME TAXES. AS SUCH, THE UNIVERSITY AND THE CENTER ARE SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE CODE. THE UNIVERSITY IS ALSO EXEMPT FROM INCOME TAXES IN CANADA. THE UNIVERSITY AND THE CENTER FILE A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO COLLEGES AND UNIVERSITY'S INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX EXEMPT STATUS AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF MAY 31, 2010 AND 2009, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY AND THE CENTER ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 AND 990- T FILED BY THE UNIVERSITY AND THE CENTER ARE NO LONGER SUBJECT TO EXAMINATION FOR THE FISCAL YEARS ENDED MAY 31, 2006 AND PRIOR. Part XI, Line 8 - Other Adjustments: CHANGES IN NET ASSETS OF RELATED ENTITY - THE CENTER: -1594200. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENTS: -533380. MINIMUM PENSION LIABILITY ADJUSTMENT: -1600923. ROUNDING: -1. Part XII, Line 2d - Other Adjustments: REVENUE OF RELATED ENTITY - THE CENTER: 56883704. Part XII, Line 4b - Other Adjustments: SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE: 10031492. DISTRIBUTION FROM RELATED ENTITY - THE CENTER: 4000000. ROUNDING: 1. Part XIII, Line 2d - Other Adjustments: EXPENSES OF RELATED ENTITY - THE CENTER: 54477904. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE: 10031492. 1 1 1 IT IS THE POLICY OF GRACELAND UNIVERSITY TO EXTEND EQUAL OPPORTUNITIES TO ALL APPLICANTS FOR EMPLOYMENT, TO ALL EMPLOYEES SEEKING ADVANCEMENT, AND TO ALL STUDENTS APPLYING FOR ENROLLMENT WHO MEET THE BASIC CRITERIA ESTABLISHED. IT IS FURTHER THE POLICY OF GRACELAND UNIVERSITY NOT TO DISCRIMINATE AGAINST ANY EMPLOYEES, PROSPECTIVE EMPLOYEE, STUDENT, OR PROSPECTIVE STUDENT, ON THE BASIS OF RACE, COLOR, RELIGION, AGE, SEX, NATIONAL ORIGIN, SEXUAL ORIENTATION, OR DISABILITY. GRACELAND UNIVERSITY IS COMMITTED TO THE ELIMINATION OF THOSE CONDITIONS AND ATTITUDES FROM WHICH DISCRIMINATION IS SPAWNED AND DESIRES TO GIVE LEADERSHIP IN SOLVING THOSE PROBLEMS THAT IMPEDE THE BROAD APPLICATION OF JUSTICE AND EQUITY IN ALL HUMAN RELATIONSHIPS. A UNIVERSITY WITH A CHRISTIAN COMMISSION HAS A MANDATE TO SEARCH FOR AND APPLY THESE PRINCIPLES OF FAIRNESS IN ALL ASPECTS OF ITS OPERATION OVER AND ABOVE ITS LEGAL OBLIGATION TO COMPLY WITH THE TENANTS OF EQUAL OPPORTUNITY REQUIREMENTS. 1 1 1 1 0 0 0 0 0 0 0 0 1 1 6A) IN 2009-2010 THE UNIVERSITY RECEIVED GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION (STUDENT SCHOLARSHIPS AND FINANCIAL AID GRANTS) AND THE DEPARTMENT OF HEALTH AND HUMAN SERVICES (NURSING STUDENT GRANTS). THE UNIVERSITY ALSO RECEIVED FUNDS FROM THE DEPARTMENT OF EDUCATION FOR TRIO PROGRAM FUNDING.6B) BASED ON THE DEPARTMENT OF EDUCATION RULING IN 1999, FEDERAL LOANS WERE NOT AWARDED TO STUDENTS IN OUR DISTANCE LEARNING (OUTREACH) PROGRAM BETWEEN 1999 AND DECEMBER 2003. THE PROGRAM WAS MODIFIED AND ONCE AGAIN APPROVED FOR TITLE IV ELIGIBILITY DURING THE 03-04 FISCAL YEAR. 1 North America 0 0 FUNDRAISING N/A 4800 North America 0 0 PROGRAM SERVICE RECRUITING OF INTERNATIONAL STUDENTS 0 0 4800 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: FOR FY10, INTERNATIONAL RECRUITING FUNCTIONS CAPTURE ALL EXPENSES ASSOCIATED WITH RECRUITMENT OF INTERNATIONAL STUDENTS, BUT DO NOT SEPARATELY TRACK FUNDS SPENT ABROAD FOR THIS PURPOSE. THEREFORE, EXPENDITURES FOR INTERNATIONAL RECRUITING ARE NOT REPORTED. ACCOUNTING PROCEDURES ARE IN THE PROCESS OF BEING UPDATED SO THAT THIS INFORMATION CAN BE TRACKED SEPARATELY BEGINNING IN FY12. FUNDRAISING EXPENDITURES REPRESENT THE ACTUAL TRAVEL AND RELATED COSTS INCURRED BY THE UNIVERSITY AND TRAVELING UNIVERSITY EMPLOYEES FOR SOLICITING DONATIONS FROM A SIGNIFICANT DONOR IN CANADA. X X X X X X 1 TABOR NOWLIN GRANT WRITING 0 543834 10323 533511 PRO COM INC PHONE SOLICITATION 0 51645 11681 39964 BRIAN SHANTZ CONSULTING 0 0 14014 -14014 DAVID NIELSEN LEGAL COUNSEL-GIFT INSTRUMENTS 0 0 6401 -6401 595479 42419 553060 1 ACADEMIC SCHOLARSHIPS 217 879912 GRANTS IN AID 953 7935625 LEADERSHIP GRANTS 25 22500 PRIVATE COLLEGE TUITION EXCHANGE 4 93910 SKILLPATH GRANT 7 90891 SODEXHO GRANT 1 7475 STUDENT PRIZES AND AWARDS 25 2985 COC APPOINTEE GRANT 16 64628 CANADIAN MAPLE LEAF GRANT 45 41785 CERTIFICATE AWARDS 9 6500 ACADEMIC SCHOLARSHIPS - ADDITIONAL 265 483468 DHHS SCHOLARSHIPS 55 60462 SSS SUPPLEMENTAL GRANT 17 33372 SEOG GRANTS 328 298216 IOWA STATE GRANTS 7 6210 CCLP SCHOLARSHIPS 22 3553 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: SCHOLARSHIPS/GRANTS ARE PROVIDED TO STUDENTS THROUGH FINANCIAL AID, BASED ON FINANCIAL NEED AND FEDERAL OR STATE MANDATED REGULATIONS. DONOR RESTRICTED SCHOLARSHIPS ARE ALSO MONITORED AND DISTRIBUTED THROUGH FINANCIAL AID PROCESSES TO COVER EDUCATIONAL EXPENSES ESTIMATED OR CHARGED BY THE UNIVERSITY. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN SELLARS 175762 0 0 0 199 0 16000 0 32389 0 224350 0 0 0 Part I, Line 1a THE PRESIDENT'S WIFE ACCOMPANIES HIM TO CERTAIN EVENTS WHEN DEEMED NECESSARY FOR THE GOOD OF THE UNIVERSITY. THE PRESIDENT HAS AUTHORITY OVER HIS OFFICE BUDGET, BUT NO FUNDS ARE AVAILABLE TO HIM FOR PERSONAL USE. THE PRESIDENT IS PROVIDED A RESIDENCE WHICH IS USED FOR UNIVERSITY FUNCTIONS. THE FAIR MARKET VALUE RENTAL OF $18,000 PER YEAR, THE VALUE OF HOUSEKEEPING SERVICES OF $2,204, AND THE VALUE OF UTILITIES/MAINTENANCE/OTHER PROVIDED OF $7,697 IS INCLUDED IN NONTAXABLE BENEFITS ON SCH J, PART II, COLUMN (D). IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2003-02-01 15900000 CONSTRUCTION-CHILLER PLANT/HELENE CENTER, REFINANCING TWO PRIOR BOND ISSUES 0 0 IOWA FINANCE AUTHORITY 521699886 462463AB6 2008-09-25 6135000 RESCH SCIENCE HALL RENOVATION 0 0 15927058 5170943 229057 10500000 1 0 1 1 6161292 136307 598693 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 BANK OF AMERICA 25.000000000000 0 1 1 0 1 1 BANK OF AMERICA 25.000000000000 0 0 0 AVA CARMICHAEL EAGLES MS. EAGLES IS A FAMILY MEMBER OF DAVID CARMICHAEL, BOARD MEMBER. 66683 MS. EAGLES IS AN EMPLOYEE OF THE FILING ORGANIZATION AND RECEIVED REPORTABLE COMPENSATION OF $66,683 DURING THE YEAR. 0 X 12 3830707 FMV 0 1 1 Method for Determining Number of Contributors: Part I, Column (b): THE QUANTITY LISTED REPRESENTS THE NUMBER OF GIFTS DURING THE YEAR. Third Party Use: Part I, Line 32b: CONTRIBUTED STOCKS ARE DEPOSITED INTO A THIRD PARTY BROKER ACCOUNT. STOCKS ARE SOLD WITH QUICK TURN AROUND MINIMIZING MARKET RISK. Form 990, Part VI, Section A, line 2 HELEN PEARSON SMITH, BOARD MEMBER AND ROBERT BRUCH, BOARD MEMBER HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Section A, line 6 THE ORGANIZATION HAS 7 MEMBERS WHO ARE A SINGLE CLASS OF MEMBERS AND ARE COLLECTIVELY REFERRED TO AS THE "CORPORATE BODY": - 3 MEMBERS OF THE FIRST PRESIDENCY OF THE COMMUNITY OF CHRIST - 3 MEMBERS OF THE PRESIDING BISHROPIC OF THE COMMUNITY OF CHRIST - 1 MEMBER WHO IS THE ACTING PRESIDENT OF THE COUNCIL OF TWELVE APOSTLES OF THE COMMUNITY OF CHRIST Form 990, Part VI, Section A, line 7a PER THE ARTICLES OF INCORPORATION, THE BOARD OF TRUSTEES MAY CONSIST OF 12-27 MEMBERS: - 9 TRUSTEES ARE ELECTED BY THE WORLD CONFERENCE OF THE COMMUNITY OF CHRIST - UP TO 9 TRUSTEES MAY BE APPOINTED BY THE CORPORATE BODY - UP TO 9 TRUSTEES MAY BE APPOINTED BY THE BOARD OF TRUSTEES - TRUSTEES MAY BE REMOVED BY THAT GROUP (WORLD CONFERENCE, CORPORATE BODY, OR BOARD OF TRUSTEES) THAT ELECTED OR APPOINTED SUCH TRUSTEE; EXCEPT THE CORPORATE BODY MAY ACT FOR THE WORLD CONFERENCE IN THE REMOVAL OF A TRUSTEE ELECTED BY THE WORLD CONFERENCE IN ANY INTERIM PERIOD BETWEEN WORLD CONFERENCES. Form 990, Part VI, Section B, line 11 UPON COMPLETION, BUT PRIOR TO FILING, THE PREPARED FORM 990 IS PROVIDED TO OFFICERS THROUGH THE GROUP PORTAL OF MY.GRACELAND FOR THEIR REVIEW. AN IN-DEPTH REVIEW OF THE PREPARED FORM 990 IS CONDUCTED WITH THE BUSINESS SERVICES COMMITTEE OF THE BOARD OF TRUSTEES. CHANGES ARE MADE, IF NEEDED, AND A REVISED FORM 990 IS PROVIDED THROUGH THE GROUP PORTAL OF MY.GRACELAND. THE PREPARED FORM 990 IS SUBMITTED BY THE DUE DATE, (INCLUDING EXTENSION(S)). THE SUBMITTED FORM 990 IS AVAILABLE UPON REQUEST, AND ONCE POSTED TO GUIDESTAR, IS AVAILABLE TO THE WORLD. Form 990, Part VI, Section B, line 12c ANNUALLY, EACH BOARD MEMBER AND OFFICER OF THE UNIVERSITY, AND ALL STAFF, TRUSTEES, ADVISORS AND OTHER PERSONS REGULARLY INVITED TO ATTEND MEETINGS OF THE BOARD, SHALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT GRACELAND UNIVERSITY IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX, AND OTHER TAX EXEMPTIONS, IT MUST ENGAGE PRIMARILY AND SOMETIMES EXCLUSIVELY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. VOTING MEMBERS OF THE BOARD ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST. THE REMAINING MEMBERS OF THE BOARD WILL THEN DISCUSS AND DETERMINE IF SUCH A CONFLICT EXISTS, IF IT IS AVOIDABLE, OR IF IT IS IN THE BEST INTEREST OF THE BOARD AND UNIVERSITY TO PROCEED. SHOULD ANY BOARD MEMBER BE FOUND TO BE CONCEALING A CONFLICT OF INTEREST, APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WILL BE TAKEN. Form 990, Part VI, Section B, line 15 THE CHAIRMAN OF THE BOARD WILL WORK WITH OTHER BOARD MEMBERS TO DETERMINE THE COMPENSATION FOR THE CEO. THE CEO SETS THE COMPENSATION FOR THE TOP MANAGEMENT AND OFFICERS, WITH APPROVAL OF THE BOARD IN EXECUTIVE SESSION. VICE PRESIDENTS SET THE COMPENSATION FOR KEY EMPLOYEES, WITH APPROVAL OF THE CEO. IN ALL CASES, COMPARABLE SALARY DATA FROM SIMILAR INSTITUTIONS IS REVIEWED, AS WELL AS A COMPARISON OF POSITIONS WITHIN THE INSTITUTION. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A DEFERRED COMPENSATION FROM DEFINED BENEFIT RETIREMENT PLAN GRACELAND UNIVERSITY MAINTAINS A DEFINED BENEFIT RETIREMENT PLAN. INFORMATION WITH REGARD TO THE INCREASE IN ACTUARIAL VALUE IS NOT AVAILABLE ON AN EMPLOYEE BY EMPLOYEE BASIS, AND THEREFORE CANNOT BE REPORTED IN COLUMN (F), OTHER COMPENSATION. EMPLOYEES EARN A BENEFIT WHICH IS 1.1% TIMES THEIR YEARS OF SERVICES TIMES THEIR HIGHEST 3 YEARS AVERAGE PAY. IN TOTAL, GRACELAND UNIVERSITY CONTRIBUTED $1,627,138 TO THE PLAN DURING THE YEAR. EMPLOYEES THAT PARTICIPATE IN THE PLAN LISTED ON FORM 990, PART VII, SECTION A (SEE CONTINUATION ON SCH J-2) INCLUDE: KATHLEEN CLAUSON, TOM POWELL, JANICE TIFFANY, GREG SUTHERLAND, KELLY EVERETT, AND SHARON KIRKPATRICK. FORM 990, PART I, LINE 6 NUMBER OF VOLUNTEERS THE ALUMNI BOARD (NON-VOTING ADVISORY BOARD) IS MADE UP OF VOLUNTEERS TOTALING 24; ONE PERSON VOLUNTEERING IN THE UNIVERSITY LIBRARY; 2 PERSONS VOLUNTEERING CONSULTING SERVICES; AND 11 PERSONS VOLUNTEERING WITH CAMPUS CARE AND MAINTENANCE IN COORDINATION WITH MAJOR CAMPUS EVENTS. GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING 6900 SQUIBB RD MISSION KS 66202 431685651 D/B/A SKILLPATH SEMINARS, ADULT EDUCATION/TRAINING MO 501(c)(3) Line 9 N/A COMMUNITY OF CHRIST 1001 W WALNUT STREET INDEPENDENCE MO 64050 440552038 CHURCH MO 501(c)(3) Line 1 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING C 4000000 COMMUNITY OF CHRIST C 210834 COMMUNITY OF CHRIST E 4475000