2011-01-13T15:57:02-07:00 2010-05-31 990 2009-06-01 350868095 GRACE SCHOOLS GRAC 5743725100 200 Seminary DR Winona Lake IN 46590 Steve Popenfoose 5743725100 2011-01-13 2009 2016-02-24 21:20:13Z Dr Ronald Manahan 200 Seminary Drive Winona Lake IN 46590 35165246 0 X www.grace.edu X 1948 IN To be an Evangelical Christian Community of higher education 22 21 909 50 0 0 1865376 2791609 30150583 31866734 234354 506903 0 0 32250313 35165246 8769483 10699409 0 0 11721356 10956613 0 0 670300 10759602 11717224 31250441 33373246 999872 1792000 44745546 44238724 21591256 19381170 23154290 24857554 To be an Evangelical Christian Community of higher education 0 0 4718000 0 6114433 Auxiliary Services 18095502 10699409 22791671 Instructional 4944722 0 6259142 Institutional Support 0 0 0 27758224 1 1 0 1 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 109 0 1 909 1 0 0 0 0 1 1 1 1 0 0 0 1 1 22 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 IN X Joshua Bailey 5743725100 200 Seminary Dr Winona Lake IN 46590 Dr John F Smith 1 X 0 0 0 Dr John Carini 1 X 0 0 0 Henry Weber 1 X 0 0 0 Dr James Custer 2 X X 0 0 0 Dr Emmanuel Touaboy 1 X 0 0 0 Brook Avey 1 X 0 0 0 William Burke 1 X 0 0 0 Charles Kreider 1 X 0 0 0 Janet Minnix 1 X 0 0 0 Stefanie Gross 1 X 0 0 0 Robert Vitoux 2 X X 0 0 0 Rev Nathan Zakahi 2 X X 0 0 0 Rev Jesus Munoz 1 X 0 0 0 John Haller 1 X 0 0 0 Lamarr Lark Sr 1 X 0 0 0 Janine Zeltwanger 1 X 0 0 0 Dr Todd Scoles 1 X 0 0 0 Rev J Paul Mutchler 1 X 0 0 0 Rev Dan Allan 1 X 0 0 0 Dr Kent Adams 1 X 0 0 0 Michael Yoder 1 X 0 0 0 Dr Ronald Manahan 40 X X X 170380 0 0 G S Popenfoose 40 X 91041 0 0 John Boal 40 X 94145 0 0 Dr James Swanson 40 X 88779 0 0 Dr Bill Katip 40 X 136108 0 0 580453 0 0 2 0 1 0 Royall Company 1920 East Parham Road Richmond VA 232282206 Marketing Consulting 227331 Aramark 22500 Network Place Chicago IL 606731225 Physical plant and lawn care 1124949 Keybanc Capital Markets Inc 127 Public Square MC OH-01-27-0416 Cleveland OH 44114 Financial 135591 SODEXHO 4880 Paysphere Circle Chicago IL 60674 Food services 1169660 Brandpoet 5345 Overbend Trail Suwanee GA 30024 Marketing and Web Design Services 223611 5 0 0 9150 0 166930 2615529 445000 2791609 Tuition and Fees 611310 25752301 25752301 0 0 Room, Board, Services 611310 6114433 6114433 0 0 0 0 0 0 31866734 506903 506903 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9150 0 35165246 32373637 0 0 0 0 10699409 10699409 0 0 0 0 571001 80373 397060 93568 0 0 0 0 7824402 6481883 1158133 184386 10000 0 10000 0 1963531 1611970 286190 65371 587679 459358 108864 19457 1681405 1363067 278655 39683 45636 2181 43455 0 67900 0 67900 0 86378 0 0 86378 0 0 0 0 0 0 3048930 1622796 1380493 45641 201316 55760 144888 668 530043 408502 94028 27513 282563 58729 214749 9085 0 0 0 0 1714560 1392916 319986 1658 558442 455220 40095 63127 0 0 0 0 39049 24694 13645 710 941832 922796 19036 0 0 0 0 0 1601552 1569601 31951 0 186415 31899 154516 0 Food 468176 440036 0 28140 Membership Dues 158376 76983 77268 4125 Bank Charges 104651 51 103810 790 33373246 27758224 4944722 670300 0 222150 22709 0 0 1274931 1436886 0 0 0 0 5386116 5296236 63660 50429 454503 498770 51034693 19885966 31857369 31148727 0 4196164 4489561 0 1290653 1295406 44745546 44238724 1969316 1610992 3195020 3152305 283850 268000 10860000 10455000 0 0 3662282 2154624 0 1620788 1740249 21591256 19381170 X 12979994 14810917 2502226 2315009 7672070 7731628 23154290 24857554 44745546 44238724 X 1 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 2500 0 1 86378 88878 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Grace contracts with Anchor Consulting, LLC of Alexandria, Virginia. Anchor lobbies legislators on Grace's behalf to secure funding through the appropriations process. 0 0 X X X X 0 8817722 47918 669501 364549 0 0 9170592 9308415 78439 -180768 388364 0 0 8817722 0 1 0 1 0 0 569207 569207 0 35571233 9365144 26206089 0 2175491 285967 1889524 0 6723189 5742758 980431 0 5995573 4492097 1503476 31148727 4489561 F 4489561 Interest in Kosciusko County Community Foundation 52911 Charitable Remainder Trust 1242495 1295406 Annuities and Trust payable 828023 Interest Rate Swap Agreement 912226 1740249 35165246 33373246 1792000 0 0 0 0 356264 356264 2148264 24465837 0 0 0 0 0 24465837 0 10699409 10699409 35165246 22673837 0 0 0 0 0 22673837 0 10699409 10699409 33373246 SchD_P03_S00_L01 Schedule D, 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 temporarily or permanently restricted net assets if the assets used to purchase the items were restricted to that use by donor stipulation. Contributions of collection items are not reported in the financial statements. Proceeds from disposal of, and insurance recoveries related to, collection items are reported as increases in the appropriate net asset classes. The School's collections consist of the home and original household furnishings of Billy Sunday, a noted evangelist in the early 20th century. They are subject to a policy that preserves these items and the memory of Billy Sunday's ministry and his effect on 20th Century Christianity. No collection items were sold or removed in 2010 and 2009 SchD_P03_S00_L04 Schedule D, Part III, Line 4 The organization holds several historical Biblical documents that are used in research for the organization's seminary and other interested parties. The organization also holds several items owned by Billy Sunday, a noted evangelist of the early 20th century that also are of interest to seminary students and other interested parties SchD_P05_S00_L04 Schedule D, Part V, Line 4 To fund scholarships and other designated program expenses. SchD_P10_S00_L00 Schedule D, Part X In accordance with Financial Accounting Standards Board (FASB) Staff Position No. FIN 48-3, the School has elected to defer the effective date of FASB Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes, until its fiscal year ending May 31, 2010. The School has continued to account for any uncertain tax positions in accordance with literature that was authoritative immediately prior to the effective date of FIN 48, such as FASB Statement No. 109, Accounting for Income Taxes, and FASB Statement No. 5, Accounting for Contingencies. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Donated non-cash contribution 445,000 Change in fair market value of Derivative -88,736 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Discounted value of tuition SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Grant expense for tuition discount 1 1 1 Nondiscrimination policies are included in all materials available to the public 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Aid is received from Government through the Perkins Loan program. 1 1 Financial Aid Tuition Discount 1500 0 10699409 Other Discounts given to qualifying students taken directly off the amount owed to the institution. SchI_P01_S00_L02 Schedule I, Part I, Line 2 Student financial aid is monitored by institutional guidelines and a committee of employees with responsibility to assure the institutional guidelines are properly followed. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr Ronald Manahan 170380 0 0 0 0 0 19492 0 13486 0 203358 0 203425 Dr Bill Katip 135850 0 0 0 258 0 0 0 20781 0 156889 0 165822 0 John Boal 93568 0 0 0 577 0 0 0 11551 0 105696 0 106863 0 G S Popenfoose 90830 0 0 0 211 0 900 0 18438 0 110379 0 110246 0 Dr James Swanson 80373 0 0 0 8406 0 3000 0 18208 0 109987 0 102049 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The employee is a pastor and, as such, part of overall compensation is designated as housing allowance. Town of Winona Lake Indiana Economic Development 356001243 975204AH1 2006-05-23 6840000 Building 0 0 0 0 0 0 0 0 0 2006 0 0 1 1 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 X 1 445000 Professional Estimate 0 1 0 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Attenders of Grace Brethren Churches who personally donate more than $50 per year to the institution are considered members. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Members of the institution as defined in Part VI, Section A, Line 6 elect the members of the governing body. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b Governing body cannot make changes to the articles of incorporation without prior approval from the corporation membership and Corporation members also approve the slate of candidates for election to the Board of Trustees. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 A copy of form 990 is sent electronically to all governing body members before it is filed. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Members of the governing body and key employees complete a conflict of interest questionaire each year and any potential conflicts identified in the questionaire are investigated and resolved. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 A salary comparison of other CCCU colleges and universities is distributed to the Presidential Care Commitee of the Board of Directors and is utilized to set the salary of the CEO of the institution. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 All such documents are made available upon request.