2014-02-06T08:57:38-06:00 2013-05-31 351178661 BLUE & CO LLC 250 WEST MAIN STREET SUITE 2900 LEXINGTON KY 40507 990 2012-06-01 610510937 KENTUCKY CHRISTIAN UNIVERSITY KENT 6064743234 100 ACADEMIC PARKWAY GRAYSON KY 41143 BILL BONDURANT 6064743234 2014-02-06 1 RICHARD C SHIELDS P00852717 8592531100 2014-02-04 2012 2015-11-30 17:44:51Z BILL BONDURANT 100 ACADEMIC PARKWAY GRAYSON KY 41143 18876434 0 X WWW.KCU.EDU X 1919 KY HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS. 13 13 550 20 6295 -2050 4943797 3585588 7943430 8146141 130603 384430 3973160 4100267 16990990 16216426 5193478 5478686 0 0 5113733 5305888 0 0 506031 5445098 5507067 15752309 16291641 1238681 -75215 29779823 33184518 9966550 11967394 19813273 21217124 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 12827717 5478686 12184426 FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. 505 FULL TIME EQUIVALENT STUDENTS. 12827717 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 57 0 1 550 1 1 1 0 0 0 0 0 0 0 0 0 X 13 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 2.00 X X 0 0 0 TOMMY BAKER 2.00 X 0 0 0 JON GLISTA 2.00 X 0 0 0 GLIMA HALL 2.00 X X 0 0 0 JAMES GIBSON 2.00 X 0 0 0 TRACY HANSEN 2.00 X 0 0 0 JEFF HUGUS 2.00 X X 0 0 0 DIANE MANSFIELD 2.00 X 0 0 0 DR JERRY SANDERS 2.00 X X 0 0 0 BARRY TAYLOR 2.00 X 0 0 0 KIMBERLY TURPIN 2.00 X 0 0 0 ROBERT L WATERS 2.00 X 0 0 0 JOHN WELSH 2.00 X 0 0 0 DR JEFFREY K METCALF 40.00 X 113052 0 10620 113052 0 10620 1 0 0 0 SIEMENS INDUSTRY INC 6125 GUION ROAD INDIANAPOLIS IN 46254 CONSTRUCTION 1119900 PIONEER COLLEGE CATERERS 12351 W 96TH TERRACE SUITE 204 LENEXA KS 66215 FOODSERVICE 858882 UNIVERSITY TELCOM INC 611 N CAROL MALONE BLVD GRAYSON KY 41143 PHONE AND INTERNET 269236 HARGETT CORPORATION 437 LEWIS HARGETT CIRCLE SUITE 150 LEXINGTON KY 40503 CONSTRUCTION 238930 TOADVINE ENTERPRISES PO BOX 190 FISHERVILLE KY 40023 CONSTRUCTION 153951 7 2436768 1148820 22553 3585588 STUDENT TUITION & FEES 611600 8146141 8146141 8146141 156007 156007 55687 0 55687 55687 55687 2605626 2377203 228423 228423 228423 402585 282805 119780 119780 LIVING FACILITIES 721310 1607005 1607005 DINING FACILITIES 722320 1372751 1372751 NON STUDENT FEES 900099 412099 412099 532945 526650 6295 3924800 16216426 12184426 6295 440117 5478686 5478686 123672 18551 74203 30918 4184813 3465672 523598 195543 622752 440759 126471 55522 374651 302976 51983 19692 42500 42500 57561 57561 1256361 578684 677677 13289 13289 99292 62079 28110 9103 226797 72361 154436 666069 338093 327976 275434 270045 5389 330181 252357 60612 17212 943916 671879 222481 49556 264198 205996 47387 10815 REPAIRS AND MAINTENANCE 211957 124381 87576 OTHER SUPPLIES 210699 90668 2361 117670 HONORARIUMS 182447 182447 MISCELLANEOUS 97803 43134 54669 628563 215660 412903 16291641 12827717 2957893 506031 191814 265063 2030613 1204104 404902 364002 36178 25712 80185 89900 101983 122174 38654512 17920334 18585194 20734178 3525487 4012035 2961822 4411398 1861645 1955952 29779823 33184518 376836 465049 895359 880945 7104093 9146220 1590262 1475180 9966550 11967394 X 12876721 13802635 1673752 1856488 5262800 5558001 19813273 21217124 29779823 33184518 X -75215 1374213 104853 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5184355 1085027 1390108 349820 7309670 4991901 480240 -236750 51036 5184355 4353723 104418 820902 287142 4991901 3820389 240106 597597 304369 4353723 3878598 60891 98076 217176 3820389 0.76040 0.23960 1 0 1300580 1300580 27426088 10437774 16988314 6806955 6225261 581694 1637129 285817 1351312 1483760 971482 512278 20734178 COMMONFUND 3377806 F REAL ESTATE 293500 F OTHER 25272 F BONDS 714820 C 4411398 DUE FROM RELATED PARTY (HILLCREST BURIAL PARK, INC.) 12398 DEBT ISSUANCE COSTS 109779 RELATED PARTY NOTES RECEIVABLE 69731 BENEFICIAL INTEREST IN PERPETUAL TRUST 978186 STUDENT LOANS RECEIVABLE 785858 1955952 DEPOSITS 49450 FEDERAL STUDENT LOAN FUNDS 869095 ANNUITIES PAYABLE 269129 DEFERRED COMPENSATION 287506 1475180 X 18268116 1374213 677477 2051690 16216426 0 16216426 16847423 555782 555782 16291641 0 16291641 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013 AND 2012, 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 REDUCTION 282,805. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES 10,673. UNIVERSITY TELCOM, INC. REVENUES 289,760. CHANGE IN PRESENT VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 94,180. UNIVERSITY TELCOM, INC. INTEREST INCOME 59. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REDUCTION 282,805. UNIVERSITY TELCOM, INC. EXPENSES 272,977. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 KY CHRISTIAN UNIVERSITY INCLUDES A STMT RE THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICIES IN ALL PRINT, RADIO & TV MEDIA. EVERY ATTEMPT IS MADE TO COMMUNICATE THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICIES DURING ALL ACTIVITIES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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. 565 5478686 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 2002-12-06 6490000 TO PAY OFF PREVIOUS BONDS-CONSTRUCTION OF CLASSROOMS, DORMS, ETC. 1 0 0 B CITY OF GRAYSONKENTUCKY 2007-08-01 1750000 FINANCE THE COST OF IMPROVEMENT TO EDUCATIONAL FACILITIES BUILDINGS 0 0 0 C CITY OF GRAYSONKENTUCKY 2012-08-07 2000000 FINANCE THE COST OF ATHLETICS COMPLEX AND ENERGY PROJECT 0 0 0 D 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 2000000 15599 40000 1960000 2012 0 0 0 0 D 4845000 4845000 1 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 D 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 0 0 1 0 C 0 0 0 1 0 0 0 0 0 D 0 0 0 1 0 0 0 0 0 RON HARGETT FORMER TRUSTEE 238930 CONSTRUCTION SERVICES PROVIDED BY HARGETT CORPORATION, OF WHICH MR. HARGETT IS AN OWNER. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 10,673. CHANGE IN PRESENT VALUE OF BENEFICIAL TRUST 94,180. UNIVERSITY TELCOM INC 611 N CAROL MALONE BLVD GRAYSON KY 41143 611350176 TECHNOLOGY SERVICES KY N/A C 289760 294488 1.00000 0 HILLCREST BURIAL PARK INC 100 ACADEMIC PARKWAY GRAYSON KY 41143 610656503 BURIAL PARK KY N/A C 8864 92072 1.00000 0 1 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 UNIVERSITY TELCOM A 6000 CASH HILLCREST BURIAL PARK D 12398 CASH UNIVERSITY TELCOM M 278760 CASH UNIVERSITY TELCOM J 6000 CASH