2025-03-12T11:59:02-05:00 2024-05-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2023-06-01 610510937 KENTUCKY CHRISTIAN UNIVERSITY KENT 6064743265 100 ACADEMIC PARKWAY GRAYSON KY 41143 JOHN DUNDON CPA CHIEF FINANCIAL OFFICER 6064743265 2025-03-12 1 0 RICHARD C SHIELDS P00852717 8592531100 2025-03-04 2023 2025-03-06 01:10:19Z JOHN DUNDON CPA 100 ACADEMIC PARKWAY GRAYSON KY 41143 21500050 0 X WWW.KCU.EDU X 1919 KY HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS. 18 17 419 27 0 0 1885900 2155412 15216147 16190390 183029 630758 263771 516066 17548847 19492626 7517240 8355919 0 0 5531367 5660581 0 0 434309 6070918 6016844 19119525 20033344 -1570678 -540718 36142457 37930720 5932849 5491780 30209608 32438940 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 17745593 8355919 16667522 FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. APPROXIMATELY 450 FULL-TIME EQUIVALENT STUDENTS. 17745593 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 29 0 1 419 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 KY X THE ORGANIZATION 6064743265 100 ACADEMIC PARKWAY GRAYSON KY 41143 TERRY ALLCORN PRESIDENT AND TRUSTEE 40.00 X X 110593 0 33012 PHIL MARTIN CHAIR AND TRUSTEE 1.00 X X 0 0 0 JERRY SANDERS VICE CHAIR AND TRUSTEE 1.00 X X 0 0 0 BARRY TAYLOR SECRETARY AND TRUSTEE 1.00 X X 0 0 0 SHON MYERS TREASURER AND TRUSTEE 1.00 X X 0 0 0 CHERYL DEBORDE TRUSTEE 0.50 X 0 0 0 GUTHRIE VEECH TRUSTEE 0.50 X 0 0 0 LORA SUTTLES TRUSTEE 0.50 X 0 0 0 TOMMY BAKER TRUSTEE 0.50 X 0 0 0 TRACY HANSEN TRUSTEE 0.50 X 0 0 0 SAMMY HARRIS TRUSTEE 0.50 X 0 0 0 KIM ROBINETTE TRUSTEE 0.50 X 0 0 0 BOB THOMAS TRUSTEE 0.50 X 0 0 0 DAVID WELSH TRUSTEE 0.50 X 0 0 0 STEVE FERGUSON TRUSTEE 0.50 X 0 0 0 RUDY HAGOOD TRUSTEE 0.50 X 0 0 0 MARK LAUGHLIN TRUSTEE 0.50 X 0 0 0 MIKE RIFE TRUSTEE 0.50 X 0 0 0 110593 0 33012 1 0 0 0 PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY SUITE 12 OLATHE KS 66061 FOODSERVICE 712132 1 2155412 12516 2155412 STUDENT TUITION AND FEES 611600 12938416 12938416 LIVING FACILITIES 721310 1762579 1762579 DINING FACILITIES 722320 1420255 1420255 INTEREST ON STUDENT RECEIVABLES 525990 28380 28380 PRINT SHOP 518210 24296 24296 16464 16464 16190390 294725 294725 18367 18367 20567 0 20567 20567 20567 2237048 1901015 336033 336033 336033 113732 106409 7323 7323 INSURANCE RECOVERY 561000 175963 175963 OTHER REVENUE 812900 166841 166841 OUTSIDE SCHOLARSHIP INCOME 611310 54976 54976 72029 72029 469809 19492626 16667522 0 669692 8355919 8355919 143605 21540 86163 35902 4888437 4300828 486981 100628 211700 112067 64900 34733 416839 358051 47478 11310 9400 9400 68700 68700 71404 71404 1318658 1300298 18360 40323 40323 108647 57258 21885 29504 143182 143182 672175 653976 18199 511724 493192 18532 164296 125571 33371 5354 1266659 918177 309634 38848 289048 80792 200101 8155 INSTRUCTIONAL AND OTHER 360171 188116 2180 169875 MEMBERSHIPS 262301 212909 49392 REPAIRS AND MAINTENANCE 213383 211790 1593 BAD DEBTS 162784 162784 353989 171604 182385 20033344 17745593 1853442 434309 894226 831715 1653925 2107596 298529 767147 309241 64427 64472 57327 246066 226253 38963864 22214449 17147402 16749415 4868588 4555855 9371574 11235648 1288434 1335337 36142457 37930720 428989 526495 733594 745982 3372720 2998152 1397546 1221151 5932849 5491780 X 18396279 18596167 11813329 13842773 30209608 32438940 36142457 37930720 X -540718 2674664 95386 X X 0 1 X 1 1 1 X 866383 1724589 3297784 1885900 2155412 9930068 866383 1724589 3297784 1885900 2155412 9930068 2533763 7396305 289572 459181 176219 316886 333659 1575517 3155 1356 1264 1110 1734 8619 11514204 86655680 0.64240 0.65380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11386579 189004 2487800 683662 13379721 11381448 310121 138058 443048 11386579 12013532 239153 -495796 375441 11381448 9423361 211842 3126954 748625 12013532 9410162 73725 400753 461279 9423361 0.56715 0.43285 1 0 1598460 1598460 29806898 17873319 11933579 2475806 886520 1589286 4017546 2604724 1412822 1065154 849886 215268 16749415 COMMONFUND 10176294 F REAL ESTATE 43500 F OTHER 25272 F BONDS 990582 F 11235648 DEPOSITS 51538 FEDERAL STUDENT LOAN FUNDS 246005 ANNUITIES PAYABLE 108613 DEFERRED COMPENSATION 636346 FINANCING LEASE OBLIGATION 178649 1221151 X 14013166 2674664 201795 2876459 11136707 8355919 8355919 19492626 11783834 106409 106409 11677425 8355919 8355919 20033344 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 AND FOR RESTRICTED PURPOSES AS STIPULATED BY DONORS. PART X, LINE 2: 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, 2024 AND 2023, 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 106,409. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES 2,123. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 93,263. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 8,355,919. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 106,409. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE 8,355,919. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 KENTUCKY CHRISTIAN UNIVERSITY INCLUDES A STATEMENT REGARDING THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICIES IN ALL PRINT, RADIO, INTERNET AND TELEVISION MEDIA. EVERY ATTEMPT IS MADE TO COMMUNICATE THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICIES DURING ALL ACTIVITIES. 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. 507 8355919 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. A CITY OF GRAYSONKENTUCKY 2007-08-01 1750000 FINANCE THE COST OF IMPROVEMENT TO EDUCATIONAL FACILITIES BUILDINGS 0 0 0 B CITY OF GRAYSONKENTUCKY 2012-08-07 2000000 FINANCE THE COST OF ATHLETICS COMPLEX AND ENERGY PROJECT 0 0 0 C CITY OF GRAYSONKENTUCKY 2012-11-01 4845000 TO PAY OFF SERIES 2002 BONDS 0 0 0 A 0 0 0 0 B 0 0 0 0 C 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 1 0 B 0 0 0 1 1 0 0 0 0 C 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 FORM 990, PART VI, SECTION B, LINE 11B 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-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. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 2,123. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 93,263. FORM 990, PART XII, LINE 2B THE METHOD DID NOT CHANGE FROM THE PRIOR YEAR. HILLCREST BURIAL PARK INC 100 ACADEMIC PARKWAY GRAYSON KY 41143 610656503 BURIAL PARK KY KENTUCKY CHRISTIAN UNIVERSITY C 12299 109420 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HILLCREST BURIAL PARK INC D 99129 CASH