2025-04-11T07:22:33-05:00 2024-05-31 430765316 RUBINBROWN LLP 1200 MAIN STREET SUITE 1000 KANSAS CITY MO 64105 990 2023-06-01 420707114 GRACELAND UNIVERSITY GRAC 6417845051 1 UNIVERSITY PLACE LAMONI IA 501401641 JENNIFER MATNEY VP OF BUSINESS AND FINANCE 6417845051 2025-03-12 1 0 KIMBERLY A RYAN P00829977 8164721122 2023 2025-03-06 01:10:19Z PATRICIA DRAVES 1 UNIVERSITY PLACE LAMONI IA 501401641 52520789 0 X WWW.GRACELAND.EDU X 1895 IA SEE SCHEDULE OTHE PRIMARY MISSION OF GRACELAND UNIVERSITY IS TO BE A LEARNING COMMUNITY, WHERE STUDENTS DEVELOP THEIR POTENTIAL FOR MEANINGFUL AND PRODUCTIVE LIVES THROUGH INTELLECTUAL, PHYSICAL, SOCIAL AND SPIRITUAL GROWTH. 21 20 956 1100 1973 0 13828938 7510496 34731172 37658996 1742397 1670829 5565 2583 50308072 46842904 16050386 17683657 0 0 17001417 18078692 0 0 1777373 18517597 21201162 51569400 56963511 -1261328 -10120607 127205347 117507672 29186371 26277028 98018976 91230644 X SEE SCHEDULE OTHE PRIMARY MISSION OF GRACELAND UNIVERSITY IS TO BE A LEARNING COMMUNITY, WHERE STUDENTS DEVELOP THEIR POTENTIAL FOR MEANINGFUL AND PRODUCTIVE LIVES THROUGH INTELLECTUAL, PHYSICAL, SOCIAL AND SPIRITUAL GROWTH. THIS MISSION IS GUIDED BY THE BELIEF THAT THE CURRICULUM OF GRACELAND UNIVERSITY SHOULD BE FIRMLY ROOTED IN THE BEST LIBERAL ARTS TRADITION, ENHANCED BY PRACTICAL EXPERIENCES THAT PREPARE STUDENTS FOR SUCCESSFUL CAREERS. AS AN INSTITUTION DEDICATED TO THE WORTH OF ALL PERSONS, AS A PART OF ITS MISSION, GRACELAND UNIVERSITY ENDEAVORS TO FOSTER CHRISTIAN VALUES IN HARMONY WITH THE COMMUNITY OF CHRIST, ITS SPONSORING CHURCH. TO ACHIEVE ITS MISSION, GRACELAND UNIVERSITY RELIES UPON AN INSIGHTFUL AND INSPIRED ADMINISTRATION, A COMPETENT AND DEDICATED FACULTY, A COMPASSIONATE AND CARING STAFF, AND INQUIRING STUDENTS COMMITTED TO PARTICIPATE IN THE PROCESS OF LIFE-LONG LEARNING. 0 0 12815330 30195424 EDUCATIONAL PROGRAMS, GENERAL/OTHER: GRACELAND PRODUCES A LIBERAL ARTS EDUCATION OFFERED TO STUDENTS IN TRADITIONAL ON-CAMPUS PROGRAMS AND VIA DISTANCE LEARNING FORMATS. 25 UNDERGRADUATE MAJORS, 5 MASTERS DEGREES WITH 7 AREAS OF CONCENTRATION, 7 GRADUATE CERTIFICATE PROGRAMS AND 2 DOCTORATE PROGRAMS ARE OFFERED. GRACELAND UNIVERSITY IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. ACADEMIC SUPPORT INCLUDES ACCREDITATION AND ASSESSMENT ACTIVITIES, LIBRARIES, AND INSTRUCTIONAL TECHNOLOGY SUPPORT. (1,054 FTE) 19017527 7463572 STUDENT SERVICES PROGRAMS, GENERAL/OTHER/AUXILLIARY: STUDENT SERVICES ENCOMPASSES CULTURAL AND SOCIAL ACTIVITIES FOR STUDENTS, INCLUDING STUDENT GOVERNMENT AND INTERCOLLEGIATE ATHLETICS. ALSO INCLUDED ARE OFFICES PROVIDING STUDENT SERVICE SUPPORT SUCH AS ADMISSIONS, REGISTRAR, AND OTHERS. AUXILLIARY SERVICES INCLUDE THE UNIVERSITY BOOKSTORE, FOOD SERVICES, RESIDENCE HALLS, AND SNACK SHOP AND VENDING ACTIVITIES. 17683657 17683657 STUDENT FINANCIAL AID PROGRAMS: SCHOLARSHIPS, GRANTS AND OTHER STUDENT FINANCIAL ASSISTANCE WERE RECEIVED BY 99% OF OUR RESIDENTIAL STUDENTS AND BY 93% AND 78% OF OUR ONLINE UNDERGRADUATE AND GRADUATE STUDENTS, RESPECTIVELY. FUNDING IS PROVIDED THROUGH INSTITUTIONAL SOURCES, GOVERNMENT GRANT PROGRAM ADMINISTERED BY THE UNIVERSITY, OR GOVERNMENT-SPONSORED LOAN PROGRAMS. 799600 TRIO GRANT PROGRAMS WHICH ARE ALL FUNDED BY GOVERNMENT GRANTS. 799600 50316114 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 1719 0 956 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X SHERRI BRENIZER 6417845051 1 UNIVERSITY PLACE LAMONI IA 501401641 X MIKE WILEY TRUSTEE/CHAIR 12.00 X X 0 0 0 JOSEPH BOOZ TRUSTEE/VICE CHAIR 3.00 X X 0 0 0 DAVID BROWN TRUSTEE/TREASURER - UNTIL 8/2023 2.00 X X 0 0 0 RYAN WATSON TRUSTEE/SECRETARY 2.00 2.00 X X 0 0 0 SUE BEVINGTON TRUSTEE - UNTIL 8/2023 0.80 X 0 0 0 HOLLY CASKEY TRUSTEE 10.00 X 0 0 0 STASSI CRAMM TRUSTEE 1.00 70.00 X 0 681 65864 STEVEN GRAFFEO TRUSTEE 1.00 X 0 0 0 RON HARMON TRUSTEE 1.00 50.00 X 0 0 0 GWENDOLYN HAWKS-BLUE TRUSTEE 1.00 X 0 0 0 EMILY HUGHES TRUSTEE 1.00 X 0 0 0 VINCENT E LEWIS TRUSTEE 1.00 X 0 0 0 JIM LYSINGER TRUSTEE 1.00 X 0 0 0 ALEKSANDAR MEMCA TRUSTEE 1.50 X 0 0 0 LOUANN MUIR-HUTCHINSON TRUSTEE 1.00 2.00 X 0 0 0 RANDALL E PRATT TRUSTEE 3.00 X 0 0 0 MIKE SEAGRAVES TRUSTEE 1.00 X 0 0 0 DENNIS SHIELDS TRUSTEE - UNTIL 8/2023 1.00 X 0 0 0 SAM SMALLDON TRUSTEE 3.00 3.00 X 0 0 0 JULIA SNETHEN TRUSTEE 2.00 X 0 0 0 TOYIA K YOUNGER TRUSTEE 0.50 X 0 0 0 PAT DRAVES PRESIDENT 70.00 3.50 X 344948 0 38397 JOEL SHROCK VP - ACADEMIC AFFAIRS 70.00 2.00 X 143358 0 33498 KRISTI HETTRICK VP - INSTITUTIONAL ADVANCE 50.00 X 125660 0 20538 DEB SKINNER VP - ENROLLMENT 60.00 X 118454 0 7749 DAVE SCHAAL VP - STUDENT LIFE 50.00 X 84037 0 4817 LEIGH MURRAY DIRECTOR DPT PROGRAM 50.00 X 120629 0 29010 JOLENE LYNN DEAN SCHOOL OF NURSING 50.00 X 108132 0 21417 SHARON LITTLE-STOETZEL PROFESSOR OF NURSING 50.00 X 102996 0 15046 PAT NELSON DPT PROFESSOR 50.00 X 102766 0 14795 JAMIE HOLLOWAY DPT PROFESSOR 50.00 X 105000 0 1750 1355980 681 252881 9 0 1 0 SODEXO INC & AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 208785355 FOOD SERVICES 2295274 EAB PO BOX 603519 CHARLOTTE NC 28260 ENROLLMENT CONSULTANT 650949 THE HANSEN COMPANY 5665 GREENDALE ROAD SUITE A JOHNSTON IA 50131 MORDEN RENOVATION 484474 H2I GROUP 430 INDUSTRIAL BLVD MINNEAPOLIS MN 55413 MORDEN RENOVATION 460000 METRO AIR CONDITIONING 8151 MCCOY SHAWNEE KS 66227 CHILLER 265000 12 10304 814713 1765086 4920393 24821 7510496 TUITION AND FEES 611310 30195424 30195424 AUXILIARY ENTERPRISES 611310 7002532 7002532 461040 461040 37658996 186991 186991 1360 1360 7150416 5666578 1483838 1483838 1483838 9100 10304 8490 610 610 3430 2817 613 613 46842904 37658996 1973 1671439 X 17683657 17683657 937407 174012 433912 329483 14577083 12380726 1613379 582978 291434 260826 25213 5395 1291265 1067690 166974 56601 981503 797000 128562 55941 376301 56117 247038 73146 107985 8441 99544 138176 138176 11824 11824 6052457 5341756 564446 146255 1740008 1283680 302999 153329 2640020 2322192 214431 103397 1512377 1107282 336462 68633 1380463 1298757 61476 20230 1296320 1104259 124289 67772 233208 144474 51496 37238 625404 586879 28143 10382 3172707 2977268 142772 52667 1135158 966718 155104 13336 ACCRETION AND MISCELLAN 314271 297172 16937 162 COLLECTION EXPENSE 243373 240081 3292 COST OF GOOD SOLD 221110 217127 3555 428 56963511 50316114 4870024 1777373 6000 6000 3487725 217796 5121228 4693588 1149323 942955 265426 277985 936646 1229034 137434458 80083832 58495385 57350626 5971769 6749947 46028460 42959383 954 165301 585150 5742431 2329907 127205347 117507672 3399457 2730034 2676163 2598267 15694237 15055226 466238 521478 4464121 4377346 95307 201912 2390848 792765 29186371 26277028 X 50497831 44075029 47521145 47155615 98018976 91230644 127205347 117507672 X -10120607 2696085 636190 X 0 1 X 1 1 1 X 9105611 18014975 17163068 13828938 7510496 65623088 9105611 18014975 17163068 13828938 7510496 65623088 13384403 52238685 1097824 187816 106970 217662 188351 1798623 3099 2509 4410 1223 11241 67432952 191117517 0.77470 0.74700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 52552964 591944 4757234 8607773 49294369 58079158 861111 3074821 9462126 52552964 54744304 460190 5137534 2262870 58079158 42573357 380030 18995716 7204799 54744304 51552633 596694 -6026976 3548994 42573357 0.19250 0.80750 0 1 1 282972 282972 112952126 56935319 56016807 24062316 23148513 913803 137044 137044 57350626 INVESTMENTS IN RELATED ENTITY - THE CENTER 8831715 C POOLED INVESTMENTS 34127668 F 42959383 ANNUITIES PAYABLE 560722 ACCRUED RETIREMENT LIABILITY 232043 792765 52356710 2696085 21310278 24006363 28350347 11824 18480733 18492557 46842904 59145042 19877012 19877012 39268030 11824 17683657 17695481 56963511 PART IV, LINE 2B: STUDENT DEPOSIT ACCOUNTS ARE HELD BY THE UNIVERSITY FOR VARIOUS STUDENT GROUPS ON CAMPUS AND ARE REPORTED AS LIABILITIES ON THE ORGANIZATION'S BALANCE SHEET. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ENTITY - THE CENTER 19,670,756. OTHER LOSSES AND ADJUSTMENTS 1,628,215. FUNDRAISING EVENT EXPENSES 8,490. COST OF GOODS SOLD 2,817. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE 17,683,657. CONTRIBUTION FROM RELATED ENTITY - THE CENTER 797,076. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ENTITY - THE CENTER 19,865,705. FUNDRAISING EVENT EXPENSES 8,490. COST OF GOODS SOLD 2,817. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE 17,683,657. PART V, LINE 4 UNIVERSITY ENDOWMENT FUNDS ARE POOLED WITH AND HELD BY THE SPONSORING CHURCH, COMMUNITY OF CHRIST. ENDOWMENT DISTRIBUTIONS ARE USED FOR SCHOLARSHIP AND PROGRAM EXPENSES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PUBLISHED ON THE UNIVERSITY'S WEBSITE AND IN THE APPLICATION FOR ENROLLMENT FORMS. SEE PART II FOR POLICY. SCHEDULE E, PART I, LINE 6 6A) IN 2023-2024 THE UNIVERSITY RECEIVED GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION (STUDENT SCHOLARSHIPS AND FINANCIAL AID GRANTS) AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICES (VOLUNTEER 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. SCHEDULE E, LINE 3 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 BASIC CRITERIA ESTABLISHED. IT IS FURTHER THE POLICY OF GRACELAND UNIVERSITY NOT TO DISCRIMINATE AGAINST ANY EMPLOYEE, 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 TENETS OF EQUAL OPPORTUNITY REQUIREMENTS. GOLF CLASSIC - INDEPENDENCE 19404 10304 9100 8490 19404 10304 9100 8490 8490 610 1 ACADEMIC SCHOLARSHIPS 780 9709201 SCHOLARSHIPS - ADDITIONAL 167 475510 SEOG 289 268041 GRANTS IN AID 784 7206405 LEADERSHIP GRANTS 27 24500 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 0 1 0 0 0 0 0 0 0 PAT DRAVES PRESIDENT 315448 0 0 0 29500 0 17501 0 20896 0 383345 0 0 0 JOEL SHROCK VP - ACADEMIC AFFAIRS 121633 0 0 0 21725 0 3555 0 29943 0 176856 0 0 0 PART I, LINE 1A: THE PRESIDENT'S SPOUSE ACCOMPANIES HER TO CERTAIN EVENTS WHEN DEEMED NECESSARY FOR THE GOOD OF THE UNIVERSITY. THERE WAS NO SPOUSAL TRAVEL INCLUDED IN THE PRESIDENT'S COMPENSATION DURING THE YEAR. THE PRESIDENT HAS AUTHORITY OVER HER OFFICE BUDGET, BUT NO FUNDS ARE AVAILABLE TO HER FOR PERSONAL USE. THE PRESIDENT IS PROVIDED A RESIDENCE WHICH IS USED FOR UNIVERSITY FUNCTIONS. THE FAIR MARKET VALUE RENTAL OF $21,000 PER YEAR AND HOUSEKEEPING SERVICES IS INCLUDED IN THE RENTAL VALUE. THE VALUE OF UTILITIES/MAINTENANCE/OTHER PROVIDED OF $10,009 IS INCLUDED AS NONTAXABLE BENEFITS ON SCHEDULE J, PART II, COLUMN (D). PART I, LINE 4B: 4(B) THE UNIVERSITY MAINTAINED A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN PROVIDED FOR THE UNIVERSITY TO MAKE CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. THE PLAN WAS PAID OUT AND TERMINATED IN FISCAL YEAR 2022. A IOWA FINANCE AUTHORITY 521699886 000000000 2021-10-31 16900000 REFUND PRIOR ISSUE (12/30/13) 0 0 0 A 1585000 16900000 1284 296900 16601816 2009 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 1 0 0 0 0 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: IOWA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/13/2022 NOTE REGARDING THE REBATE COMPUTATION: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. INTERESTED PERSONS AND FAMILY MEMBERS 11000 DISCOUNTED TUITION JEFFREY DRAVES SPOUSE OF OFFICER 87726 MR. DRAVES 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: JEFFREY DRAVES(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF OFFICER, PATRICIA DRAVES(D) DESCRIPTION OF TRANSACTION: MR. DRAVES IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $87,726 DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION'S MEMBERS CONSIST OF THOSE PERSONS COMPRISING THE FIRST PRESIDENCY OF COMMUNITY OF CHRIST (THE "CHURCH"), THE PRESIDING BISHOPRIC OF THE CHURCH, AND THE PRESIDENT OF THE COUNCIL OF TWELVE APOSTLES OF THE CHURCH, SUCH PERSONS BEING A SINGLE CLASS OF MEMBERS THAT IS COLLECTIVELY REFERRED TO HEREIN AS THE "CORPORATE BODY" OF THE CHURCH. THE CORPORATE BODY SHALL ACT BY A MAJORITY VOTE. FORM 990, PART VI, SECTION A, LINE 7A PER THE ARTICLES AND BYLAWS, THE BOARD MAY CONSIST OF UP TO 21 MEMBERS: - UP TO 7 TRUSTEES ARE ELECTED BY THE WORLD CONFERENCE OF THE COMMUNITY OF CHRIST - UP TO 7 TRUSTEES MAY BE ELECTED BY THE CORPORATE BODY - UP TO 7 TRUSTEES MAY BE ELECTED BY THE BOARD OF TRUSTEES A TRUSTEE ELECTED BY THE CORPORATE BODY OR WORLD CONFERENCE MAY BE REMOVED FROM OFFICE AT ANY TIME, WITH OR WITHOUT CAUSE, BY THE RESPECTIVE BODY THAT ELECTED THE TRUSTEE. DURING THE PERIOD BETWEEN THE WORLD CONFERENCES, THE CORPORATE BODY MAY ACT ON BEHALF OF THE WORLD CONFERENCE AND REMOVE ANY TRUSTEE ELECTED BY THE WORLD CONFERENCE. TRUSTEES ELECTED BY THE FULL BOARD OF TRUSTEES MAY BE REMOVED FROM OFFICE AT ANY TIME, WITH OR WITHOUT CAUSE, BY AN AFFIRMATIVE VOTE OF TWO-THIRDS OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION, BUT PRIOR TO FILING, THE PREPARED FORM 990 IS PROVIDED TO TRUSTEES AND 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 PUBLIC INSPECTION 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 15A THE CHAIRMAN OF THE BOARD WILL WORK WITH OTHER BOARD MEMBERS TO DETERMINE THE COMPENSATION FOR THE PRESIDENT. THE PRESIDENT SETS THE COMPENSATION FOR THE TOP MANAGEMENT AND OFFICERS. VICE PRESIDENTS SET THE COMPENSATION FOR KEY EMPLOYEES, WITH THE APPROVAL OF THE PRESIDENT. IN ALL CASES, COMPARABLE SALARY DATA FROM SIMILAR INSTITUTIONS IS REVIEWED, AS WELL AS A COMPARISON OF POSITIONS WITHIN THE INSTITUTION. ALL COMPENSATION DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED. IN 2014, AN INDEPENDENT COMPENSATION STUDY WAS COMPLETED, AT THE BOARD'S REQUEST, TO ASCERTAIN TARGET RANGES FOR THE FACULTY SALARIES. 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: 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% OF THEIR AVERAGE COMPENSATION FOR THE FIVE HIGHEST PAID YEARS TIMES THE NUMBER OF YEARS OF SERVICE, NOT TO EXCEED 30 YEARS. EFFECTIVE AUGUST 1, 2006, THE DEFINED BENEIFT PLAN WAS CLOSED TO NEW EMPLOYEES. ON SEPTEMBER 30, 2016, THE UNIVERSITY FROZE THE BENEFIT ACCRUAL OF THE DEFINED BENEFIT PLAN. GRACELAND UNIVERSITY RECEIVED AN IRS DETERMINATION LETTER IN DECEMBER 2020 CONFIRMING THAT BOTH THE DEFINED BENEFIT AND DEFINED CONTRIBUTION PLANS HAVE "CHURCH PLAN STATUS AND, THEREFORE, ARE NOT SUBJECT TO ERISA. FORM 990, PART VII, SECTION A: STASSI CRAMM RECEIVED COMPENSATION FROM A RELATED ORGANIZATION FOR HER POSITION AS PRESIDING BISHOP, FIRST PRESIDENCY COUNSELOR OF COMMUNITY OF CHRIST. FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 5,341,756. MANAGEMENT AND GENERAL EXPENSES 564,446. FUNDRAISING EXPENSES 146,255. TOTAL EXPENSES 6,052,457. FORM 990, PART XI, LINE 9: MINIMUM PENSION LIABILITY ADJUSTMENT 1,628,215. CHANGES IN NET ASSETS OF RELATED ENTITY - THE CENTER -992,025. GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING 6900 SQUIBB ROAD MISSION KS 66202 431685651 ADULT EDUCATION/TRAINING MO 501(C)(3) LINE 10 GRACELAND UNIVERSITY 1 COMMUNITY OF CHRIST 1001 W WALNUT STREET INDEPENDENCE MO 64050 440552038 CHURCH MO 501(C)(3) LINE 1 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 COMMUNITY OF CHRIST Q 56567 CASH RECEIVED FOR TUITION COMMUNITY OF CHRIST P 988384 CASH PAID FOR INSURANCE GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING C 797076 CASH GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING K 129020 LEASE AGREEMENT