2015-11-11T15:55:04-06:00 2015-06-30 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2014-07-01 386080947 GREAT LAKES CHRISTIAN COLLEGE GREA 5173210242 6211 WILLOW HIGHWAY LANSING MI 489171299 JAMES A LOCKWOOD VP FINANCE & OPERATIONS 5173210242 2015-11-10 1 MARK L LOCKWITZ CPA P00948433 5173237500 2014 2016-02-25 16:41:14Z JAMES A LOCKWOOD 6211 WILLOW HIGHWAY LANSING MI 489171299 3277533 0 X WWW.GLCC.EDU X 1972 MI TO PROVIDE BIBLE-ORIENTED SYSTEMATIC TRAINING, RESULTING IN A TWO OR FOUR YEAR DEGREE. 17 17 139 30 0 0 1684642 1473641 1900625 1674981 47645 54359 56580 74552 3689492 3277533 0 62144 0 0 1803104 1750992 0 0 172490 2067569 1985314 3870673 3798450 -181181 -520917 6877164 6365387 2936318 3029751 3940846 3335636 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 1778838 62144 1052646 EDUCATIONAL - INCLUDING TWO AND FOUR YEAR DEGREES. MAIN EMPHASIS ON BIBLICAL STUDIES. 2014-2015 FALL SEMESTER ENROLLMENT WAS APPROX. 171 STUDENTS. 2014-2015 SPRING SEMESTER ENROLLMENT WAS APPROX. 141 STUDENTS. 865796 622335 AUXILIARY SERVICES INCLUDING CAFETERIA, BOOKSTORE AND HOUSING FACILITIES. FOR THE 2014-2015 FALL SEMESTER, STUDENT HOUSING WAS PROVIDED FOR 99 STUDENTS. FOR THE 2014-2015 SPRING SEMESTER, STUDENT HOUSING WAS PROVIDED FOR 99 STUDENTS. 2644634 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 4 0 1 139 1 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 MI X X JAMES A LOCKWOOD 5173210242 6211 W WILLOW HIGHWAY LANSING MI 48917 TROY BANCROFT TRUSTEE 5.00 X 0 0 0 ROBERT LOCKLEAR TRUSTEE 5.00 X 0 0 0 SCOTT MONETTE TRUSTEE 5.00 X 0 0 0 ANN JOHNSTON TRUSTEE 5.00 X 0 0 0 TRACY KJERGAARD TRUSTEE 5.00 X 0 0 0 WILLIAM GRAY TRUSTEE 5.00 X 0 0 0 MATT BROOKS TRUSTEE 5.00 X 0 0 0 MIKE BLAKELY TRUSTEE 5.00 X 0 0 0 KEITH PETERS TRUSTEE 5.00 X 0 0 0 JOSEPH CLARK TRUSTEE 5.00 X 0 0 0 TY STEWART TRUSTEE 5.00 X 0 0 0 TOM SNIVLEY TRUSTEE 5.00 X 0 0 0 BRIAN WALTER TRUSTEE 5.00 X 0 0 0 KEITH WISE CHAIR 5.00 X X 0 0 0 LARRY LONG VICE CHAIR 5.00 X X 0 0 0 JAMIE WETZEL TREASURER 5.00 X X 0 0 0 BRIAN WOOD SECRETARY 5.00 X X 0 0 0 JAMES A LOCKWOOD VP FINANCE/OPERATIONS 40.00 X 59172 0 719 LAWRENCE L CARTER PRESIDENT 40.00 X 95288 0 3404 154460 0 4123 1 0 0 0 GORDON FOOD SERVICE PAYMENT PROCESSING CENTER DEPT CH 1 PALATINE IL 600550490 FOOD SERVICE 148727 CREATIVE DINING SERVICES ONE ROYAL DRIVE SUITE 3 ZEELAND MI 49464 FOOD SERVICE 142847 2 655321 818320 1473641 TUITION AND FEES 611600 858120 858120 AUXILLIARY SERVICES 900099 622335 622335 REGISTRATION AND FEES 611600 194526 194526 1674981 54359 54359 62655 0 62655 62655 62655 CELL TOWER INCOME 517000 11897 11897 11897 3277533 1674981 0 128911 62144 62144 168104 112819 50131 5154 1148237 771003 342695 34539 338951 222658 98015 18278 95700 65290 30382 28 23776 23776 4902 4902 22032 6545 15487 55465 4062 45552 5851 362456 89965 245033 27458 9535 9535 206552 187084 19468 66021 33135 24651 8235 52887 52887 113512 113512 361577 361577 43291 35620 7671 CAFETERIA 289003 289003 MISCELLANEOUS 263547 161957 61263 40327 BOOKSTORE 47326 47326 REGISTRATIOIN & MEMBERS 46852 11467 2765 32620 16580 16580 3798450 2644634 981326 172490 187310 31683 1201913 1158969 14554 17615 187596 102366 77311 91763 1447 1653 10685148 5923810 5007033 4761338 200000 200000 6877164 6365387 82672 74454 400000 393500 2287955 2389794 165691 172003 2936318 3029751 X 3000714 2354332 407384 442584 532748 538720 3940846 3335636 6877164 6365387 -520917 -84293 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 532748 126215 -20761 -38207 599995 514831 17917 532748 481041 33790 514831 442503 38538 481041 432378 10125 442503 0.00000 0.90000 0.10000 0 0 146700 146700 7206322 3531803 3674519 521151 398345 122806 1712377 1488539 223838 1098598 505123 593475 4761338 STUDENT DEPOSITS 30657 ANNUITY LIABILITY 141346 172003 X 3131096 -84293 -84293 3215389 62144 62144 3277533 3736306 0 3736306 62144 62144 3798450 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 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECORDED AS A REDUCTION TO TUITION 62,144. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECORDED AS A REDUCTION TO TUITION 62,144. 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 430,251 SEOG GRANTS 21,522 CWS GRANTS 27,439 FEDERAL DIRECT LOANS 1,002,708 ----------- TOTAL 1,481,920 ----------- ----------- 1 SCHOLARSHIPS 43 62144 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. JUDITH CARTERLAWRENCE CARTER JUDITH IS THE WIFE OF LAWERENCE CARTER WHO IS AN OFFICER 29251 JUDITH WAS ISSUED FORM W-2 FOR WORK DONE AT GREAT LAKES CHRISTIAN COLLEGE. 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS PER THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 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 OTHER OFFICERS IS ANNUALLY REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. COMPARISONS TO THE SALARIES OF EMPLOYEES OF SIMILARLY SIZED COLLEGES ARE CONSIDERED DURING THE REVIEW PROCESS. 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. FORM 990, PART XII, LINE 2C GREAT LAKES CHRISTIAN COLLEGE HAS A TRUSTEE FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.