2020-04-09T18:26:55-05:00 2019-05-31 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2018-06-01 420707114 GRACELAND UNIVERSITY GRAC 6417845132 1 UNIVERSITY PLACE LAMONI IA 501401641 DAVID SIDDALL VP FOR BUSINESS AND FINANCE 6417845132 2020-04-08 1 CARLEY UMSTEAD P00982177 3192985333 174.243.82.234 2020-04-08 14:23:20 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CFDCB964B1DF4C9A9DAAC3B1488004CEFEDD9B1E 2018 2020-09-23 17:36:50Z PATRICIA DRAVES 1 UNIVERSITY PLACE LAMONI IA 501401641 66893230 0 X WWW.GRACELAND.EDU X 1895 IA THE 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. 20 18 1197 1267 16009 0 11804289 11042709 46141027 46785925 1752102 2594364 85972 99678 59783390 60522676 16089006 16562644 0 0 20819527 18949861 6455 6414 1640563 18398031 17416578 55313019 52935497 4470371 7587179 117752734 118792160 48241158 48416920 69511576 70375240 X SEE SCHEDULE O. 0 0 12105275 39580431 EDUCATIONAL PROGRAMS, GENERAL/OTHER: GRACELAND PRODUCES A LIBERAL ARTS EDUCATION OFFERED TO STUDENTS IN TRADITIONAL ON-CAMPUS PROGRAMS AND VIA DISTANCE LEARNING FORMATS. 28 UNDERGRADUATE MAJORS ARE OFFERED, AS WELL AS 12 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. (1,580 FTE STUDENTS) 17652321 7244730 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 MACHINES. 16562644 16562644 STUDENT FINANCIAL AID PROGRAMS: SCHOLARSHIPS, GRANTS AND OTHER STUDENT FINANCIAL ASSISTANCE WERE OFFERED TO APPROXIMATELY 82% 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. 677285 0 0 TRIO GRANT PROGRAMS WHICH ARE ALL FUNDED BY GOVERNMENT GRANTS. 677285 0 0 46997525 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 1 1 0 0 1 2710 0 1 1197 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X DAVID SIDDALL 6417845132 1 UNIVERSITY PLACE LAMONI IA 501401641 X HARRY ASHENHURST TRUSTEE/CHAIR 25.00 X X 0 0 0 BOB ACKERLEY TRUSTEE/VICE CHAIR 2.00 6.00 X X 0 0 0 MICHELLE WAITE TRUSTEE/SECRETARY 2.00 4.00 X X 0 0 0 DAVID BROWN TRUSTEE/TREASURER 2.00 X X 0 0 0 SUE BEVINGTON TRUSTEE 1.00 1.00 X 0 0 0 JOSEPH BOOZ TRUSTEE 2.00 X 0 0 0 STASSI CRAMM TRUSTEE 2.00 80.00 X 0 24450 34820 HEATHER DONOFRIO TRUSTEE 2.00 25.00 X 0 0 0 NANCY TANNER EDWARDS TRUSTEE 2.00 X 0 0 0 RONALD GILLILAN TRUSTEE 3.50 4.00 X 0 0 0 LAURIE HEINTZ TRUSTEE (UNTIL 8/2018) 1.00 X 0 0 0 KAREN JEWELL TRUSTEE 5.00 2.00 X 0 0 0 IVAN JOSEPH TRUSTEE 1.00 X 0 0 0 MICHAEL LEWIS TRUSTEE (UNTIL 8/2018) 1.00 X 0 0 0 DALE LICK TRUSTEE 4.00 X 0 0 0 KAY MUSSELL TRUSTEE (UNTIL 8/2018) 1.00 X 0 0 0 SCOTT OURTH TRUSTEE 1.00 X 0 0 0 JOHN SHEEHY TRUSTEE 2.00 X 0 0 0 DENNIS SHIELDS TRUSTEE 1.00 X 0 0 0 SAM SMALLDON TRUSTEE 2.00 12.00 X 0 0 0 RACHEL TOVEY TRUSTEE 1.00 X 0 0 0 RYAN WATSON TRUSTEE 1.00 X 0 0 0 MIKE WILEY TRUSTEE 4.00 X 0 0 0 MICHAEL K ZABEL TRUSTEE (UNTIL 8/2018) 1.00 X 0 0 0 PAT DRAVES PRESIDENT 70.00 3.50 X 278941 0 70180 KATHLEEN CLAUSON-BASH VP INSTITUTIONAL EFFECTIVENESS 50.00 X 94529 0 12800 SCOTT BRIELL VP ENROLLMENT 50.00 X 172064 0 26928 R PAUL DAVIS VP - BUS SERVICES - PART YEAR 50.00 X 82415 0 11108 KELLY EVERETT VP INSTITUTIONAL ADVANCEMENT 50.00 X 121448 0 15870 DAVID SIDDALL VP - BUSINESS & FINANCE - PART YEAR 60.00 11.00 X 30367 0 1164 CLAUDIA HORTON VP - IND. CAMPUS - PART YEAR 45.00 X 53945 0 2508 DAVE SCHAAL VP STUDENT LIFE 60.00 X 100657 0 4861 BRIAN WHITE VP - ACADEMIC AFF - PART YEAR 50.00 X 118342 0 15406 JILL RHEA VP - ACADEMIC AFFAIRS 60.00 X 72562 0 7985 JANICE TIFFANY INTERIM VP BUSINESS & FINANCE 40.00 X 82206 0 25381 SUSAN VOGELSMEIER PROFESSOR 40.00 X 108293 0 5277 1315769 24450 234288 6 0 1 0 SODEXO 1 UNIVERSITY PLACE LAMONI IA 50854 FOOD SERVICE 2671889 EAB PO BOX 603519 CHARLOTTE NC 282603519 MARKETING 830174 CATALYST COMMUNICATIONS 8358 MAIN STREET ELLICOTT CITY MD 21043 MARKETING 416776 GOULD EVANS ASSOCIATES WS 188 PO BOX 414378 KANSAS CITY MO 64141 ARCHITECTURAL SERVICES 362643 WENGER CORPORATION PO BOX 1450 MINNEAPOLIS MN 554857896 CONSTRUCTION 282276 6 35176 1825380 1585010 7597143 327306 11042709 TUITION AND FEES 611600 39580431 39580431 AUXILIARY ENTERPRISES 611600 6790988 6790988 414506 408536 5970 46785925 1013829 1013829 1569 1569 35897 0 35897 35897 150 35747 7882793 6302258 1580535 1580535 1580535 35806 35176 27120 8686 8686 94702 41176 53526 45056 8470 60522676 46825161 16009 2638797 16562644 16562644 1233563 972644 260919 253115 173313 79802 13420967 12039471 841894 539602 1076972 792807 224483 59682 2063619 1785680 144006 133933 901625 719163 128324 54138 70585 22353 47619 613 24400 10572 13828 91700 91700 6414 6414 230030 230030 4692688 4507412 123538 61738 1133318 541886 556936 34496 2774098 2335925 275365 162808 944720 795233 106613 42874 1170059 1156553 10821 2685 691002 475904 72120 142978 218511 111695 59260 47556 1071742 980015 65335 26392 2510492 2295626 153043 61823 791360 702557 79230 9573 COST OF GOODS SOLD 618689 599880 16660 2149 ACCRETION, MISC, MERCHA 312578 324273 -146 -11549 AMORTIZATION 70606 64563 4304 1739 52935497 46997525 4297409 1640563 8469 9690 8206927 9272102 660149 2784533 2128339 2249205 339642 290549 731262 796142 112630519 66543763 46698545 46086756 10659330 6164098 43495851 44672089 2559697 2136118 2264523 4330878 117752734 118792160 3362633 3258986 3245254 2664580 18658000 17778951 502315 428899 9587517 9718399 3107575 3151946 9777864 11415159 48241158 48416920 X 25590553 25048608 7910089 8749282 36010934 36577350 69511576 70375240 117752734 118792160 X 7587179 -2511962 861 -4212414 X 0 1 X 1 1 1 X 7698106 8363540 9576549 11804289 11042709 48485193 7698106 8363540 9576549 11804289 11042709 48485193 14706376 33778817 995025 892455 729500 774000 1051295 4442275 52927468 230963592 0.63820 0.60020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 53571454 572964 235983 2827768 51552633 51360710 3467829 4824069 6081154 53571454 47722650 719261 9522548 6603749 51360710 46309637 3122220 2395403 4104610 47722650 44773344 943629 2358146 1765482 46309637 0.29040 0.70950 0.00010 0 1 1 566720 566720 88575360 44472326 44103034 22916553 22071437 845116 571886 571886 46086756 INVESTMENTS IN RELATED ENTITY - THE CENTER 9801629 C POOLED INVESTMENTS 34739893 F OTHER 130567 F 44672089 ANNUITIES PAYABLE 1064398 ACCRUED RETIREMENT LIABILITY 10350761 11415159 X 101040013 -2511962 861 61635113 59124012 41916001 230030 18376645 18606675 60522676 98165187 62022364 62022364 36142823 230030 16562644 16792674 52935497 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 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. PART X, LINE 2: THE UNIVERSITY AND THE CENTER ARE RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY AND CENTER MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE UNIVERSITY AND CENTER FILE A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS INCOME (UBIT) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBIT. AS OF MAY 31, 2019 AND 2018, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ENTITY - THE CENTER 61,635,113. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE 16,562,644. DISTRIBUTION FROM RELATED ENTITY - THE CENTER 1,814,001. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ENTITY - THE CENTER 62,022,364. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE 16,562,644. 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 2018-2019 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 TENANTS OF EQUAL OPPORTUNITY REQUIREMENTS. NORTH AMERICA 0 0 INVESTMENTS 2535000 RUSSIA AND NEIGHBORING STATES 0 1 RECRUITING 20000 0 1 0 0 0 1 2555000 0 2555000 0 0 1 0 0 0 GOLF OUTING 44635 19784 24851 1087 22692 2047 AUCTION 26347 15392 10955 135 1159 70982 35176 35806 1087 22692 135 3206 27120 8686 1 ACADEMIC SCHOLARSHIPS 814 9379774 SCHOLARSHIPS - ADDITIONAL 315 685129 SEOG 286 256219 SSS SUPPLEMENTAL GRANTS 4 4000 GRANTS IN AID 949 6183322 LEADERSHIP GRANTS 23 23000 PRIVATE TUITION EXCHANGE 2 25700 COC APPOINTEE GRANT 1 1500 CCLP 2 4000 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 267857 0 0 0 11084 0 13305 0 56875 0 349121 0 0 0 SCOTT BRIELL VP ENROLLMENT 146969 0 0 0 25095 0 5811 0 21117 0 198992 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 $11,102 IS INCLUDED AS NONTAXABLE BENEFITS ON SCHEDULE J, PART II, COLUMN (D). PART I, LINE 4B (4B) 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. DISTRIBUTIONS DURING THE YEAR TOTALED $24,022 FOR SCOTT BRIELL. A CITY OF LAMONI 426004859 2013-12-30 9500000 SEE PART VI 0 0 0 B DECATUR COUNTY IOWA 426004880 2013-12-30 9158000 SEE PART VI 0 0 0 A 285805 9500000 189840 9310160 2005 1 0 1 1 B 275516 9158000 183160 8974840 2009 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 A 1 B 1 PART IV ARBITRAGE SIX MONTH EXCEPTION FOR ARBITRAGE REBATE APPLIES TO THE ISSUES REFUNDED HEREIN AND DETERMINED BY A REBATE SPECIALIST ON DECEMBER 9, 2015 FOR BOTH BOND ISSUES. PART I, LINE A, COLUMN (F) REFUND A PORTION OF THE IOWA HIGHER EDUCATION LOAN AUTHORITY PRIVATE COLLEGE FACILITY VARIABLE RATE REVENUE BONDS (GRACELAND UNIVERSITY PROJECT). SERIES 2003 ORIGINALLY ISSUED ON FEBRUARY 20, 2013. PART I, LINE B, COLUMN (F) (I) REFUND A PORTION OF THE IOWA HIGHER EDUCATION LOAN AUTHORITY PRIVATE COLLEGE FACILITY VARIABLE RATE REVENUE BONDS (GRACELAND UNIVERSITY PROJECT), SERIES 2003 ORIGINALLY ISSUED ON FEBRUARY 23, 2013; AND (II) TO REFUND A PORTION OF THE IOWA FINANCE AUTHORITY VARIABLE RATE DEMAND EDUCATIONAL FACILITIES REVENUE BONDS (GRACELAND UNIVERSITY PROJECT), SERIES 2008 ORIGINALLY ISSUED ON SEPTEMBER 25, 2008. 14750 SCHOLARSHIP STUDENT FINANCIAL AID JENNIFER ABRAHAM WHITE SPOUSE OF OFFICER, BRIAN WHITE 41384 MS. WHITE IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $41,384 DURING THE YEAR. 0 NICOLE BRIELL SPOUSE OF OFFICER, SCOTT BRIELL 54515 MS. BRIELL IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION IN THE AMOUNT OF $54,515 DURING THE YEAR. 0 LEE BASH SPOUSE OF OFFICER, KATHLEEN BASH 31850 MR. BASH IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $31,850 DURING THE YEAR. 0 JEANNE DAVIS SPOUSE OF OFFICER, R. PAUL DAVIS 25287 MS. DAVIS IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $25,287 DURING THE YEAR. 0 JEFFREY DRAVES SPOUSE OF OFFICER, PATRICIA DRAVES 65597 MR. DRAVES IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $65,597 DURING THE YEAR 0 X 8 316579 FMV X TRAVEL EXPENSES 12 8715 COST X AUCTION ITEMS 5 1253 COST X SUPPLIES 5 759 COST 0 0 1 0 PART I, COLUMN (B): REPORTING NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 1 THE 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. 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 HERIN 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 OF INCORPORATION, THE BOARD OF TRUSTEES MAY CONSIST OF 15-21 MEMBERS: - UP TO 7 TRUSTEES ARE ELECTED BY THE WORLD CONFERENCE OF THE COMMUNITY OF CHRIST - UP TO 7 TRUSTEES MAY BE APPOINTED BY THE CORPORATE BODY - UP TO 7 TRUSTEES MAY BE APPOINTED 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 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 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 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% 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. A MEASUREMENT PERIOD OF MAY 31, 2016 TO SEPTEMBER 30, 2016 WAS USED TO CALCULATE THE IMPACT OF THE CURTAILMENT AT SEPTEMBER 30, 2106. IN TOTAL, GRACELAND UNIVERSITY CONTRIBUTED $1,100,000 TO THE PLAN DURING THE YEAR. EMPLOYEES THAT PARTICIPATE IN THE PLAN LISTED ON FORM 990, PART VII, SECTION A INCLUDE: KATIE BASH, KELLY EVERETT, CLAUDIA HORTON AND BRIAN WHITE. FORM 990, PART VII, SECTION A STASSI CRAMM RECEIVED COMPENSATION FROM RELATED ORGANIZATION FOR HER POSITION AS PRESIDING BISHOP, FIRST PRESIDENCY COUNSELOR OF COMMUNITY OF CHRIST. FORM 990, PART XI, LINE 9: CHANGES IN NET ASSETS OF RELATED ENTITY - THE CENTER -2,201,252. MINIMUM PENSION LIABILITY ADJUSTMENT -2,011,162. GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING 6900 SQUIBB RD 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 GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING C 1814001 CASH COMMUNITY OF CHRIST C 11379 CASH COMMUNITY OF CHRIST E 100000 LOAN GUARANTEE COMMUNITY OF CHRIST Q 65648 CASH COMMUNITY OF CHRIST P 648667 CASH