2013-01-30T12:59:50-06:00 2012-06-30 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2011-07-01 386080947 GREAT LAKES CHRISTIAN COLLEGE GREA 5173210242 6211 WILLOW HIGHWAY LANSING MI 489171299 WILLIAM BROSSMANN 5173210242 2013-01-23 1 BRUCE J DUNN CPA P00010228 5173237500 2011 2016-02-25 16:41:14Z WILLIAM BROSSMANN 6211 WILLOW HIGHWAY LANSING MI 489171299 5049964 0 X WWW.GLCC.EDU X 1972 MI TO PROVIDE BIBLE-ORIENTED SYSTEMATIC TRAINING, RESULTING IN A TWO OR FOUR YEAR DEGREE. 16 16 171 115 0 0 1626425 2711121 2077793 2162601 27335 34043 61570 74832 3793123 4982597 0 0 0 0 1866549 2021171 0 0 236143 1893738 1957987 3760287 3979158 32836 1003439 5921027 6821158 2699160 2609943 3221867 4211215 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 1831455 1144468 EDUCATIONAL - INCLUDING TWO AND FOUR YEAR DEGREES. MAIN EMPHASIS ON BIBLICAL STUDIES. 2011-2012 FALL SEMESTER ENROLLMENT WAS APPROX. 230 STUDENTS. 2011-2012 SPRING SEMESTER ENROLLMENT WAS APPROX. 220 STUDENTS. 921636 1018133 AUXILIARY SERVICES INCLUDING CAFETERIA, BOOKSTORE AND HOUSING FACILITIES. FOR THE 2011-2012 FALL SEMESTER, STUDENT HOUSING WAS PROVIDED FOR 155 STUDENTS. FOR THE 2011-2012 SPRING SEMESTER, STUDENT HOUSING WAS PROVIDED FOR 115 STUDENTS. 2753091 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 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 171 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X X WILLIAM D BROSSMANN 5173210242 6211 W WILLOW HIGHWAY LANSING MI 48917 LEE BRACEY 5.00 X 0 0 0 ANDY GERHART 5.00 X 0 0 0 EMORY JOHNSON 5.00 X 0 0 0 TY STEWART 5.00 X 0 0 0 ROBERT PRATER 5.00 X 0 0 0 BRIAN WOOD 5.00 X 0 0 0 BILL MEAIGE 5.00 X 0 0 0 MIKE BLAKELY 5.00 X 0 0 0 KEITH PETERS 5.00 X 0 0 0 MICHAEL WESTERFIELD 5.00 X 0 0 0 ANN JOHNSTON 5.00 X 0 0 0 ANNA PARTRIDGE 5.00 X X 0 0 0 LARRY LONG 5.00 X X 0 0 0 RICK STACY 5.00 X X 0 0 0 JOSEPH SOLITRO 5.00 X X 0 0 0 MARK CHRISTIAN 5.00 X X 0 0 0 WILLIAM D BROSSMANN 40.00 X 55820 0 4618 LAWRENCE L CARTER 40.00 X 93303 0 4817 149123 0 9435 0 0 0 0 TAILORED BUILDING SYSTEMS 550 KIRKLAND STREET SW GRAND RAPIDS MI 49507 NEW FACULTY OFFICE CONSTRUCTION 555540 LIBRARY DESIGN ASSOCIATES 1149 SOUTH MAIN STREET PLYMOUTH MI 48170 FACULTY OFFICE DESIGN AND FURNISHINGS 129068 CREATIVE DINING SERVICES ONE ROYAL PARK DRIVE SUITE 3 ZEELAND MI 49464 FOOD SERVICE 121985 3 851091 1860030 2711121 AUXILIARY SERVICES 900099 1018133 1018133 TUITION AND FEES 611600 973111 973111 REGISTRATION & FEES 611600 171357 171357 2162601 35543 35543 52031 0 52031 52031 52031 65867 67367 -1500 -1500 -1500 CELL TOWER INCOME 517000 22801 22801 22801 4982597 2162601 0 108875 161269 105277 47059 8933 1082570 705020 316344 61206 682372 462363 194726 25283 94960 46656 46503 1801 2846 2846 27464 27464 16928 16928 21667 1486 20181 77355 16088 55400 5867 316268 132934 143742 39592 189356 167996 21360 115016 64990 39912 10114 92592 92592 62181 62181 377002 377002 49669 30057 18865 747 UBIT TAX EXPENSE 1629 1629 CAFETERIA 305775 305775 MISCELLANEOUS 160787 77113 33594 50080 BOOKSTORE-COST OF GOODS 71565 71565 69887 33996 3371 32520 3979158 2753091 989924 236143 135499 380335 922123 947385 28617 13791 18456 45920 59478 67973 10096985 4731231 4756854 5365754 5921027 6821158 33667 25384 2420191 2385919 245302 198640 2699160 2609943 X 2606371 3314821 172993 415353 442503 481041 3221867 4211215 5921027 6821158 X 1003439 -14091 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 442503 38538 481041 432378 10125 442503 415454 16924 432378 389432 26022 415454 1.00000 0 0 146700 146700 6251156 2745917 3505239 519684 354500 165184 1430349 1275328 155021 1749096 355486 1393610 5365754 STUDENT DEPOSITS 42500 ANNUITY LIABILITY 156140 198640 4982597 3979158 1003439 -14091 -14091 989348 4970006 -14091 -14091 4984097 -1500 -1500 4982597 3980658 1500 1500 3979158 0 3979158 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTEREST FROM PERMANENTLY RESTRICTED FUNDS IS USED FOR STUDENT SCHOLARSHIPS. OTHER ENDOWNMENT FUNDS ARE USED FOR OPERATIONAL REVENUES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS -14,091. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS -1,500. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 1,500. 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 THE COLLEGE'S POLICY IS INCLUDED IN ALL COURSE CATALOGS, THE EMPLOYEE HANDBOOK AND THE BOARD OF TRUSTEES HANDBOOK. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM GOVERNMENTAL AGENCIES AS LISTED ON STATEMENT SUPPORTING LINE 1. PELL GRANTS 584,259 SEOG GRANTS 21,522 CWS GRANTS 27,439 STATE (MI) GRANTS 217,871 ----------- TOTAL 851,091 ----------- ----------- JUDITH CARTERLAWRENCE CARTER JUDITH IS THE WIFE OF LAWERENCE CARTER WHO IS AN OFFICER 28269 JUDITH WAS ISSUED FORM W-2 FOR WORK DONE AT GREAT LAKES CHRISTIAN COLLEGE. 0 BETSY CARTERLAWRENCE CARTER BETSY IS THE DAUGHTER-IN-LAW OF LAWERENCE CARTER WHO IS AN OFFICER 40385 BETSY 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -14,091. OVERSIGHT OF AUDIT 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.