2026-05-14T08:38:52-05:00 2025-06-30 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2024-07-01 386080947 GREAT LAKES BIBLE COLLEGE GREA 5173210242 6211 WILLOW HIGHWAY LANSING MI 489171299 FRANK WELLER PRESIDENT 5173210242 2026-05-12 1 1 ANASTASIA LOEW CPA P03014873 5173237500 2026-05-13 2024 2025-03-06 01:10:19Z GREAT LAKES CHRISTIAN COLLEGE FRANK WELLER 6211 WILLOW HIGHWAY LANSING MI 489171299 8796499 0 X WWW.GLCC.EDU X 1972 MI TO PROVIDE BIBLE-ORIENTED SYSTEMATIC TRAINING, RESULTING IN A TWO OR FOUR YEAR DEGREE. 17 17 188 26 0 0 2656980 4724621 1925508 3946343 46860 57225 20240 58010 4649588 8786199 249110 2379105 0 0 1929356 2202268 0 0 219888 2321552 2664869 4500018 7246242 149570 1539957 4345257 6004640 2511295 2622222 1833962 3382418 GREAT LAKES CHRISTIAN COLLEGE, AN INSTITUTION OF HIGHER EDUCATION AFFILIATED WITH CHRISTIAN CHURCHES/CHURCHES OF CHRIST, SEEKS TO GLORIFY GOD BY PREPARING STUDENTS TO BE SERVANT-LEADERS IN THE CHURCH AND WORLD. 0 0 3648690 2379105 2999145 EDUCATIONAL - INCLUDING TWO AND FOUR YEAR DEGREES. MAIN EMPHASIS ON BIBLICAL STUDIES. 2024-2025 FALL SEMESTER ENROLLMENT WAS APPROX. 198 STUDENTS. 2024-2025 SPRING SEMESTER ENROLLMENT WAS APPROX. 140 STUDENTS. 1887812 947198 AUXILIARY AND SUPPORT SERVICES INCLUDING CAFETERIA, BOOKSTORE AND HOUSING FACILITIES. STUDENT HOUSING WAS PROVIDED FOR APPROXIMATELY 200 STUDENTS FOR THE 2024 FALL SEMESTER AND THE 2025 SPRING SEMESTER. 5536502 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 14 0 1 188 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X FRANK WELLER 5173210242 6211 WILLOW HIGHWAY LANSING MI 489171299 ANDY GERHART TRUSTEE 5.00 X 0 0 0 COREY BAILEY TRUSTEE 5.00 X 0 0 0 DAVID LUND TRUSTEE 5.00 X 0 0 0 STEVE YOUNG TRUSTEE (ENDED 4/25) 5.00 X 0 0 0 CHUCK MARCKEL TRUSTEE 5.00 X 0 0 0 STEVE HIGGS TRUSTEE 5.00 X 0 0 0 DENISE TIMM TRUSTEE 5.00 X 0 0 0 DAVID LAUTZENHEISER TRUSTEE 5.00 X 0 0 0 DAVID STACY TRUSTEE 5.00 X 0 0 0 ROB FOWLER TRUSTEE 5.00 X 0 0 0 TED BOLEMA TRUSTEE 5.00 X 0 0 0 RON OTTO TRUSTEE 5.00 X 0 0 0 MARK PIKE TRUSTEE 5.00 X 0 0 0 KEITH LAYMAN TRUSTEE (ENDED 9/24) 5.00 X 0 0 0 RICK STACY TRUSTEE 5.00 X 0 0 0 KELLY BENTLEY SECRETARY 5.00 X X 0 0 0 WILLIAM GRAY TREASURER 5.00 X X 0 0 0 TIM ST LOUIS VICE CHAIR 5.00 X X 0 0 0 MATT WESAW CHAIR 5.00 X X 0 0 0 FRANK WELLER PRESIDENT 40.00 X 62263 0 12000 BRYAN TARRANT VP OF FINANCE OPERATIONS 40.00 X 57480 0 2480 119743 0 14480 0 0 0 0 0 3445 1386831 3334345 4724621 TUITION AND FEES 611600 2993929 2993929 MEAL PLANS 900099 574500 574500 RENTAL INCOME 532000 312425 312425 AUXILIARY SERVICES 900099 60273 60273 MUSIC CAMP 611310 3450 3450 1766 1766 3946343 57070 57070 50060 0 50060 50060 50060 155 0 155 155 155 8250 3445 10300 -2050 -2050 CELL TOWER INCOME 517000 10000 10000 10000 8786199 3946343 0 115235 2379105 2379105 155480 102903 45205 7372 1727145 1175017 495223 56905 179736 86608 59291 33837 139907 105489 33259 1159 6500 6500 41100 41100 121014 51588 23666 45760 86464 31776 44498 10190 555688 478263 59320 18105 509095 491721 17374 77830 17375 52291 8164 12232 12232 140138 140138 119913 119913 62813 62813 MISCELLANEOUS 379514 121435 230791 27288 FOOD SERVICE FEES 226133 226133 BAD DEBT EXPENSE 184758 184758 REPAIRS AND MAINTENANCE 141677 74131 56438 11108 7246242 5536502 1489852 219888 433384 889363 1431005 1715090 379075 0 207095 173699 200000 200000 42444 36974 0 441250 2198152 1209889 885137 988263 1024176 767117 535825 4345257 6004640 66528 51637 300000 290000 1732196 1866271 412571 414314 2511295 2622222 X 290145 1789787 1543817 1592631 1833962 3382418 4345257 6004640 1539957 8499 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 996870 183399 27192 181203 1026258 942086 62907 22053 30176 996870 1005561 14237 -58362 19350 942086 1100044 42401 -121034 15850 1005561 1117863 8583 -4984 21418 1100044 1.00000 0 0 430455 81523 348932 516797 425191 91606 1250900 703175 547725 988263 INVESTMENT IN THE SOLOMON FOUNDATION 929045 F INVESTMENTS IN SECURITIES 95131 F 1024176 OPERATING LEASE RIGHT-OF-USE ASSETS 535825 535825 STUDENT DEPOSITS 20703 ANNUITY LIABILITY 13202 OPERATING LEASE LIABILITIES 380409 414314 X 6425893 8499 10300 18799 6407094 2379105 2379105 8786199 4877437 10300 10300 4867137 2379105 2379105 7246242 PART V, LINE 4: THE INTEREST & CONTRIBUTIONS FROM TEMPORARY RESTRICTED FUNDS IS USED FOR STUDENT SCHOLARSHIPS AND OPERATIONAL EXPENSES. PART X, LINE 2: IN PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE, AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE, AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 10,300. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECORDED AS A REDUCTION TO TUITION 1,046,632. GOVERNMENT GRANTS AND AWARDS RECORDED AS A REDUCTION TO TUITION 1,332,473. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 10,300. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECORDED AS A REDUCTION TO TUITION 1,046,632. GOVERNMENT GRANTS AND AWARDS RECORDED AS A REDUCTION TO TUITION 1,332,473. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S POLICY IS INCLUDED IN ALL COURSE CATALOGS, THE EMPLOYEE HANDBOOK AND THE BOARD OF TRUSTEES HANDBOOK. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM GOVERNMENTAL AGENCIES AS LISTED ON STATEMENT SUPPORTING LINE 1. PELL GRANTS 767,197 SEOG GRANTS 16,922 CWS GRANTS 27,439 FEDERAL DIRECT LOANS 798,888 ----------- TOTAL FEDERAL 1,610,446 ----------- ----------- MICHIGAN DEPARTMENT OF TREASURY 520,915 1 SCHOLARSHIPS 85 1046632 FINANCIAL AID GRANTS 235 1332473 PART I, LINE 2: STUDENTS INTERESTED IN A SCHOLARSHIP MUST APPLY THROUGH A WRITTEN APPLICATION PROCESS. ALL APPLICATIONS ARE THEN REVIEWED BY A SCHOLARSHIP COMMITTEE THAT AWARDS SCHOLARSHIPS ACCORDING TO WHETHER OR NOT THE APPLICANT MEETS THE CRITERIA FOR THE SCHOLARSHIP (FOR EXAMPLE, IF THE ENDOWMENT SCHOLARSHIP SPECIFIES THAT RECIPIENTS MUST BE FROM INNER-CITY DETROIT, ONLY THOSE WHO ARE SO ARE CONSIDERED) AND THEN BASED ON NEED VERSUS AVAILABLE FUNDS. TRACY WELLER WIFE OF PRESIDENT, FRANK WELLER 32807 EMPLOYEE EARNINGS 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS PER THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE VICE PRESIDENT OF FINANCE AND OPERATIONS RECEIVES AND REVIEWS FORM 990. THE 990 CAN BE PROVIDED ELECTRONICALLY OR BY HARD COPY TO THE FINANCE COMMITTEE. MEMBERS OF THE FINANCE COMMITTEE HAVE THE OPPORTUNITY TO ADDRESS ANY CONCERNS OR ISSUES WITH THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A TRUSTEE WHO PERCEIVES THAT A CONFLICT OF INTEREST MAY EXIST SHALL MAKE FULL DISCLOSURE THEREOF TO THE BOARD AND THE TRUSTEE HAVING THE CONFLICT OF INTEREST SHALL ABSTAIN FROM VOTING ON ANY MATTER RELATED THERETO. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S SALARY IS SET AND ANNUALLY REVIEWED BY THE BOARD OF TRUSTEES. THE SALARY OF THE OTHER OFFICERS ARE REVIEWED EACH YEAR DURING THE BUDGET PROCESS. THE PRESIDENT SETS THE SALARIES FOR THE FOLLOWING YEAR AND GIVES THEM TO THE VPFO TO INCLUDE IN THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS AVAILABLE UPON REQUEST. FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE. THE 990 IS PUBLIC INFORMATION THROUGH THE MICHIGAN ATTORNEY GENERAL'S OFFICE.