2017-01-31T09:27:27-06:00 2016-05-31 351178661 Blue & Co LLC 250 West Main Street Suite 2900 Lexington KY 40507 990 2015-06-01 610510937 Kentucky Christian University KENT 6064743234 100 Academic Parkway Grayson KY 41143 Marilyn Runyan Controller 6064743234 2017-01-26 1 Richard C Shields P00852717 8592531100 2017-01-26 2015 2021-01-29 14:40:06Z Marilyn Runyan 100 Academic Parkway Grayson KY 41143 17263106 0 X www.kcu.edu X 1919 KY Higher education for Christian leadership and service in the Church and in professions. 14 13 490 10 5246 0 4223978 3271642 12095559 11458063 169073 63168 326935 299453 16815545 15092326 5748338 5210882 0 0 5092737 5275251 0 0 416208 5110132 5466506 15951207 15952639 864338 -860313 35737592 34521753 11465549 11190303 24272043 23331450 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 12979007 5210882 11724159 Full and part-time university student education including teaching, training, athletics, living facilities, and student financial aid. Approximately 470 full-time equivalent students. 12979007 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 58 0 1 490 1 1 1 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 KY X X The Organization 6064743234 100 Academic Parkway Grayson KY 41143 Ken Aulen Trustee and Treasurer 2.00 X X 0 0 0 James Gibson Trustee 2.00 X 0 0 0 John Glista Trustee 2.00 X 0 0 0 Tracy Hansen Trustee 2.00 X 0 0 0 Jeff Hugus Trustee and Vice-Chair 2.00 X X 0 0 0 Chad Broaddus Trustee 2.00 X 0 0 0 Diane Mansfield Trustee and Chair 2.00 X X 0 0 0 Barry Taylor Trustee 2.00 X 0 0 0 Kimberly Turpin Trustee 2.00 X 0 0 0 Robert L Waters Trustee 2.00 X 0 0 0 Rob Newman Trustee 2.00 X 0 0 0 Dr Jeffrey K Metcalf President and Trustee 40.00 X X 115310 0 16100 Glima Hall Trustee and Secretary 2.00 X X 0 0 0 Brian Carter Trustee 2.00 X 0 0 0 115310 0 16100 1 0 0 0 Pioneer College Caterers 25055 West Valley Parkway Olathe KS 66061 Foodservice 744288 S&S Ready Mix 2299 KY-1947 Grayson KY 41143 Construction 344124 Jenzabar 101 Huntington Avenue Boston MA 02199 Information technology 263056 Joined Inc 21774 Oak Meadow Road Palo Cedro CA 96073 Consulting 234665 4 2212496 1059146 3271642 Student tuition and fees 611600 8438568 8438568 Living facilities 721310 1427397 1427397 Dining facilities 722320 1189453 1189453 Non-student fees 900099 316839 316839 Interest on student receivables 525990 28630 28630 57176 57176 11458063 181336 181336 28111 0 28111 28111 28111 1810712 1928880 -118168 -118168 -118168 305850 241900 63950 63950 Other revenue 900099 65177 65177 Athletics tournaments 711210 51025 51025 Sponsorships and commissions 711300 50436 50436 40754 35508 5246 207392 15092326 11724159 5246 91279 5210882 5210882 131410 19712 78845 32853 4120385 3469858 446910 203617 682135 572473 109662 341321 289066 32666 19589 43500 43500 62277 62277 1452871 808339 644532 8681 8681 114014 77376 31314 5324 89128 88458 670 652414 352143 300271 318777 312232 6545 286846 219236 51855 15755 1075560 762142 253509 59909 196174 155477 29770 10927 Instructional and other 247577 177839 1504 68234 HONORARIUMS 186915 186915 MISCELLANEOUS 171990 92966 79024 Bad debts 141468 141468 418314 175212 243102 15952639 12979007 2557424 416208 1786995 1050018 1566633 1075460 264902 422347 1921 36188 98156 110460 163258 147100 35221016 15020363 20033529 20200653 4545562 4460376 5412276 5175085 1864360 1844066 35737592 34521753 357425 351708 847722 907119 8612287 8081439 1648115 1850037 11465549 11190303 X 14155354 14361758 3976358 2789841 6140331 6179851 24272043 23331450 35737592 34521753 X -860313 -115915 35635 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9023827 45526 -129423 372671 8567259 8647363 66824 531146 221506 9023827 7309670 601277 988864 252448 8647363 5184355 1085027 1390108 349820 7309670 4991901 480240 -236750 51036 5184355 0.72130 0.27870 1 0 1353580 1353580 27188195 12098104 15090091 2381266 429352 1951914 3588755 2080571 1508184 709220 412336 296884 20200653 Commonfund 4242217 F Real estate 293500 F Other 25272 F Bonds 614096 F 5175085 Due from related party (Hillcrest Burial Park, Inc.) 8670 Debt issuance costs, net 84129 Related party notes receivable 104969 Beneficial interest in perpetual trust 886409 Student loans receivable 759889 1844066 Deposits 41950 Federal student loan funds 822212 Annuities payable 263423 Deferred compensation 458831 Capital lease obligation 263621 1850037 X 15253946 -115915 277535 161620 15092326 0 15092326 16194539 241900 241900 15952639 0 15952639 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, 2016 and 2015, 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 241,900. Adjustment of actuarial liability for annuities 7,727. Change in present value of beneficial interest in perpetual trust 27,908. Part XII, Line 2d - Other Adjustments: Cost of goods sold 241,900. 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. 520 5210882 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 11 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 is available upon request and on GuideStar. 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 7,727. Change in present value of beneficial interest in perpetual trust 27,908. Form 990, Part XII, Line 2c: The method has not changed from the prior year. Hillcrest Burial Park Inc 100 Academic Parkway Grayson KY 41143 610656503 Burial park KY Kentucky Christian University C 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 8670 Cash