2013-03-11T11:57:56-05:00 2012-05-31 420714325 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2011-06-01 420707114 GRACELAND UNIVERSITY GRAC 6417845132 1 UNIVERSITY PLACE LAMONI IA 501401641 JANICE TIFFANY 6417845132 2013-03-04 1 KAY HEGARTY P00091057 3192985333 2011 2016-03-07 17:11:31Z JOHN SELLARS 1 FOUNDERS DRIVE LAMONI IA 50140 59243094 0 X WWW.GRACELAND.EDU X 1895 IA GRACELAND CREATES LEARNING COMMUNITIES WHERE STUDENTS DEVELOP THEIR POTENTIAL FOR MEANINGFUL AND PRODUCTIVE LIVES. 25 23 1183 284 490769 -98854 14981154 14016420 35352903 38578548 1067021 350476 443617 503931 51844695 53449375 11223030 12562520 0 0 20133929 20480172 35588 32581 1606627 15938460 16558542 47331007 49633815 4513688 3815560 104462043 113294150 45592524 59332667 58869519 53961483 X 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. 0 0 9934880 32030559 EDUCATIONAL PROGRAMS, GENERAL/OTHER: GRACELAND PRODUCES A LIBERAL ARTS EDUCATION OFFERED TO STUDENTS IN TRADITIONAL ON-CAMPUS PROGRAMS, SATELLITE (COMMUNITY COLLEGE) SITES, AND VIA DISTANCE LEARNING FORMATS. 31 UNDERGRADUATE MAJORS ARE OFFERED, AS WELL AS 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. (1,958 FTE STUDENTS) 21470465 5909067 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. 12562520 12562520 STUDENT FINANCIAL AID PROGRAMS: SCHOLARSHIPS, GRANTS AND OTHER STUDENT FINANCIAL ASSISTANCE WERE OFFERED TO APPROXIMATELY 99.5% 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 (2,318 STUDENTS). 812230 638922 TRIO PROGRAM-PUBLIC SERVICES PROVIDED TO SURROUNDING AREA CAMPUS TUTORING 812230 638922 44780095 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 1 1 0 0 1 113 0 1 1183 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 23 1 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JANICE TIFFANY 6417845120 1 UNIVERSITY PLACE LAMONI IA 50140 X BOB ACKERLEY 2.00 X 0 0 0 MATTHEW BEEM 1.00 X 0 0 0 LEONARD BOSWELL 3.00 X 0 0 0 O BROONER 1.00 X 0 0 0 ROBERT P BRUCH 2.00 X 0 0 0 JOHN CAVE 2.00 X X 0 0 0 DAVID CARMICHAEL 2.00 X 0 0 0 DENISE DUDLEY 4.00 X 0 0 0 RONALD GILLILAN 2.00 X 0 0 0 SHARON GRAYBILL 0.50 X 0 0 0 CHERYL F HANSEN 1.00 X X 0 0 0 CM HARTNETT 1.00 X 0 0 0 LAURIE HEINTZ 1.00 X 0 0 0 BARBARA HIGDON 1.00 X 0 0 0 GARY W HOWARD 1.00 X X 0 0 0 KAREN JEWELL 2.00 X 0 0 0 LORI KALEIKAU 3.00 X 0 0 0 MICHAEL LEWIS 1.00 X 0 0 0 KENNETH B MCCLAIN 10.00 X X 0 0 0 KAY MUSSEL 1.00 X 0 0 0 JENNINGS J NEWCOM 4.00 X 0 0 0 HELEN PEARSON SMITH 4.00 X 0 0 0 WA PENNINGTON 4.00 X 0 0 0 DAVID SCHAAL 1.00 X 0 20240 46774 MICKEY SEEMAN 2.00 X 0 0 0 LLEWELLYN A SHEPHERDSON 2.00 X 0 0 0 ROBERT WHITE 2.00 X 0 0 0 JANET WORTHINGTON 2.00 X 0 0 0 MICHAEL K ZABEL 3.00 X 0 0 0 JOHN SELLARS 70.00 X 177119 0 57283 KATHLEEN CLAUSON-BASH 40.00 X 67599 0 6428 JANICE TIFFANY 50.00 X 88482 0 6073 KELLY EVERETT 60.00 X 91449 0 7021 PARRIS WATTS 60.00 X 137243 0 21484 KIRK BJORLAND 50.00 X 59903 0 10920 LOUISE CUMMINS-SIMMONS 50.00 X 84191 0 0 STEVE ANDERS 50.00 X 101581 0 22766 807567 20240 178749 3 0 1 0 JE DUNN CONSTRUCTION COMPANY 1001 LOCUST STREET KANSAS CITY MO 64106 CONSTRUCTION 8137988 SODEXO FOOD SERVICE 1 UNIVERSITY PLACE LAMONI IA 50140 FOOD SERVICE 2192400 GOULD EVANS ASSOCIATES 4041 MILL STREET KASAS CITY KS 64111 ARCHITECTURAL SERVICES 699960 MEYER HOLDINGS LLC 1950 E 45TH PL TULSA OK 74105 CAPITAL LEASE 303230 PROSSER WILBERT CONSTRUCTION INC 13730 WEST 108TH STREET LENEXA KS 66215 CONSTRUCTION 248045 8 14183 4105000 1690312 8206925 4089082 14016420 TUITION AND FEES 611600 32030559 32030559 AUXILIARY ENTERPRISES 611600 5909067 5909067 638922 638922 38578548 160185 160185 34711 9602 25109 25109 21589 3520 5442652 5252361 190291 190291 190291 28198 14183 18556 9642 9642 982380 513200 469180 469180 53449375 38578548 490769 363638 12562520 12562520 871547 67599 623939 180009 14305539 12960100 747305 598134 1577030 1377964 130281 68785 2824872 2319267 317945 187660 901184 787429 74448 39307 117607 59258 58288 61 21768 9849 5035 6884 66600 66600 32581 32581 201312 201312 9811 9811 4316682 4220517 76125 20040 702371 528533 140154 33684 2438110 2166110 140585 131415 854159 746340 70563 37256 1273043 1242918 18405 11720 1287886 1090683 51526 145677 164575 80079 46571 37925 869656 811146 38316 20194 2005133 1870231 88343 46559 716163 434199 274841 7123 ACCRETION,MISC,MERCHANT 822773 832608 686 -10521 COST OF GOODS SOLD 514667 507390 7577 -300 AMORTIZATION 112954 105355 4976 2623 COLLECTION EXPENSE 63272 63272 49633815 44780095 3247093 1606627 10310 10480 4706166 3544613 2656932 4201398 3717497 1912718 665000 1380892 379737 385832 853732 871474 99604960 49703726 36207425 49901234 26955466 25310188 13049192 13899391 4072502 4022792 11188084 7853138 104462043 113294150 5626171 14187621 2417645 3302590 19370000 18840000 570813 492673 3007799 3040034 14600096 19469749 45592524 59332667 X 15637329 15453245 19138978 14031228 24093212 24477010 58869519 53961483 104462043 113294150 X 3815560 -8723596 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 41444848 369214 -551181 2511463 38751418 38472135 531167 3899610 1458064 41444848 37510314 1101996 1959825 2100000 38472135 55439287 3489309 -15650320 5767962 37510314 0.32000 0.60000 0.08000 0 1 1 1006727 1006727 66164016 29635689 36528327 21622704 20068037 1554667 10811513 10811513 49901234 INVESTMENT IN RELATED ENTITY - THE CENTER 11795855 F CASH VALUE OF LIFE INSURANCE 248589 F OTHER POOLED INVESTMENTS - REAL ESTATE 1821603 F OTHER INVESTMENTS 33344 F 13899391 BOND ISSUANCE COSTS 332916 CASH RESTRICTED FOR INVESTMENT IN LAND, BLDG, EQUIP 4490926 FUNDS HELD IN TRUST BY OTHERS 966879 LEASE DISCOUNT 2039667 CAPITAL DEVELOPMENT COST 22750 7853138 ANNUITIES PAYABLE 1165237 SECURED NOTE PAYABLE FROM RELATED ENTITY - COMMUNITY OF CHRIST CHURCH 4475000 ACCRUED RETIREMENT LIABILITY 13829512 19469749 53449375 49633815 3815560 -1188565 -7535031 -8723596 -4908036 97558438 -1188565 62061459 60872894 36685544 201312 16562519 16763831 53449375 95094485 58224501 58224501 36869984 201312 12562519 12763831 49633815 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012 AND 2011, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY THE UNIVERSITY AND CENTER ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR FISCAL YEARS ENDED MAY 31, 2008 AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGES IN NET ASSETS OF RELATED ENTITY - THE CENTER -163,043. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENTS -1,821,140. MINIMUM PENSION LIABILITY ADJUSTMENT -5,550,848. TOTAL TO SCHEDULE D, PART XI, LINE 8: -7,535,031. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ENTITY - THE CENTER 62,061,459. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE 12,562,519. DISTRIBUTION FROM RELATED ENTITY - THE CENTER 4,000,000. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ENTITY - THE CENTER 58,224,501. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE 12,562,519. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 6A) IN 2009-2010 THE UNIVERSITY RECEIVED GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION (STUDENT SCHOLARSHIPS AND FINANCIAL AID GRANTS) AND THE DEPARTMENT OF HEALTH AND HUMAN SERVICES (NURSING STUDENT 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. NONDISCRIMINATION POLICY 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 WIHT THE TENANTS OF EQUAL OPPORTUNITY REQUIREMENTS. NORTH AMERICA 0 0 FUNDRAISING N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: NORTH AMERICA FUNDRAISING SCHEDULE F, PART I THERE WERE SIGNIFICANT FUNDS RECEIVED FROM CANADIAN DONORS, WHICH ARE INCLUDED IN TOTAL CONTRIBUTION REVENUE AND THE SCHEDULE OF CONTRIBUTORS, AS APPLICABLE, BUT THERE WERE NO EXPENSES INCURRED TO RAISE THESE FUNDS. X X X X X X 1 PRO COM INC PO BOX 27 LAMONI IA 50140 TELEMARKETING FUNDRAISING 0 39069 17250 21819 BARBARA MCKINNEY 1041 FOREST STREET LAMONI IA 50140 GRANT WRITING 0 0 5965 -5965 39069 23215 15854 AZ GOLF OUTING 19500 9336 10164 10164 AUCTION 14041 1886 12155 2513 1 8840 2961 5879 5879 42381 14183 28198 18556 18556 9642 1 ACADEMIC SCHOLARSHIPS 584 3433087 GRANTS IN AID 1034 7759090 LEADERSHIP GRANTS 26 35265 PRIVATE COLLEGE TUITION EXCHANGE 5 74705 SKILLPATH GRANT 4 44500 SODEXHO GRANT 3 33336 STUDENT PRIZES AND AWARDS 1 500 COC APPOINTEE GRANT 9 52852 CANADIAN MAPLE LEAF GRANT 14 13500 CERTIFICATE AWARDS 2 1500 ACADEMIC SCHOLARSHIPS - ADDITIONAL 288 522614 DHHS SCHOLARSHIPS 46 108770 SSS SUPPLEMENTAL GRANT 5 6000 SEOG GRANTS 355 308499 IOWA STATE GRANTS 5 3338 CCLP SCHOLARSHIPS 19 164963 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X X 0 1 0 0 0 0 0 0 0 JOHN SELLARS 177119 0 0 0 0 0 16000 0 41283 0 234402 0 0 0 PARRIS WATTS 137243 0 0 0 0 0 10000 0 11484 0 158727 0 0 0 PART I, LINE 1A THE PRESIDENT'S WIFE ACCOMPANIES HIM TO CERTAIN EVENTS WHEN DEEMED NECESSARY FOR THE GOOD OF THE UNIVERSITY. THE PRESIDENT HAS AUTHORITY OVER HIS OFFICE BUDGET, BUT NO FUNDS ARE AVAILABLE TO HIM FOR PERSONAL USE. THE PRESIDENT IS PROVIDED A RESIDENCE WHICH IS USED FOR UNIVERSITY FUNCTIONS. THE FAIR MARKET VALUE RENTAL OF $18,000 PER YEAR, THE VALUE OF HOUSEKEEPING SERVICES OF $1,098, AND THE VALUE OF UTILITIES/MAINTENANCE/OTHER PROVIDED OF $10,407 IS INCLUDED IN NONTAXABLE BENEFITS ON SCH J, PART II, COLUMN (D). PART I, LINE 4B JOHN SELLARS $16,000 PARRIS WATTS $10,000 IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 2003-02-01 15900000 CONSTRUCTION-CHILLER PLANT/HELENE CENTER, REFINANCING TWO PRIOR BOND ISSUES 0 0 0 IOWA FINANCE AUTHORITY 521699886 462463AB6 2008-09-25 6135000 RESCH SCIENCE HALL RENOVATION 0 0 0 15927058 5170943 229057 10500000 1 0 1 1 6161292 136307 598693 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 BANK OF AMERICA 25.000000000000 0 0 0 1 1 0 1 1 BANK OF AMERICA 25.000000000000 0 0 0 0 0 NOT APPLICABLE NOT APPLICABLE 105356 SCHOLARSHIPS TAMMY EVERETT SPOUSE OF KELLY EVERETT, OFFICER MS. EVERETT IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $81,237 DURING THE YEAR. 0 KATIE PERSALL SISTER OF KELLY EVERETT, OFFICER MS. PERSALL IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $17,723 DURING THE YEAR. 0 BETTE SELLARS SPOUSE OF JOHN SELLARS, OFFICER MS. SELLARS IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $17,833 DURING THE YEAR. 0 LEE BASH SPOUSE OF KATHLEEN CLAUSON-BASH, OFFICER MR. BASH PROVIDES CONSULTING SERVICES TO THE UNIVERSITY AND RECEIVED COMPENSATION IN THE AMOUNT OF $47,678 DURING THE YEAR. 0 F CHARLES PERSALL BROTHER-IN-LAW OF KELLY EVERETT, OFFICER MR. PERSALL IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $46,907 DURING THE YEAR. 0 RICK ISHAM BROTHER-IN-LAW OF SHARON GRAYBILL, TRUSTEE MR. ISHAM IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $57,866 DURING THE YEAR. 0 AVA LOU CARMICHAEL EAGLES DAUGHTER OF DAVID CARMICHAEL, TRUSTEE MS. EAGLES IS EMPLOYED BY THE UNIVERSITY AND RECEIVED COMPENSATION OF $88,906 DURING THE YEAR. 0 X 5 91494 FMV X 31397 FMV X 13 3945966 FMV X 3 SAXAPHONES 1 9199 FMV X SUPPLIES 3 321 FMV X TRAVEL 11 10705 FMV 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): REPRESENTS NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 2 HELEN PEARSON SMITH, TRUSTEE AND ROBERT BRUCH, TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF TRUSTEES ADOPTED NEW BYLAWS ON FEBRUARY 18, 2012. THE SIGNIFICANT CHANGES TO THE BYLAWS ARE AS FOLLOWS: 1) ARTICLE I STATEMENT OF MISSION NOW READS "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 UNIVRSITY 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. 2) ARTICLE II - BOARD OF TRUSTEES AUTHORITY AND RESPONSIBILITIES - UPDATES THE AUTHORITY OF THE BOARD OF TRUSTEES TO INCLUDE THE FOLLOWING: - DETERMINE AND PERIODICALY REVIEW THE UNIVERSITY'S MISSION AND PURPOSES. - APPOINT THE PRESIDENT, WHO SHALL BE THE UNIVERSITY'S CHIEF EXECUTIVE OFFICER, AND SET APPROPRIATE TERMS OF EMPLOYMENT, INLCLUDING COMPENSATION. - APPROVE THE MATERIAL TERMS OF EMPLOYMENT OF THE VICE PRESIDENTS AND OTHER SENIOR INSTITUTIONAL OFFICERS WHO SERVE AT THE PLEASURE OF THE PRESIDENT. - SUPPORT THE PRESIDENT AND PERIODICALLY ASSESS HIS OR HER PERFORMANCE BASED ON MUTUALLY AGREED-UPON GOALS AND OTHER CRITERIA. - REVIEW AND APPROVE PROPOSED CHANGES IN THE UNIVERSITY'S ACADEMIC PROGRAMS AND OTHER MAJOR ACTIVITIES CONSISTENT WITH THE UNIVERSITY'S MISSION, PLANS AND FINANCIAL RESOURCES. - APPROVE INSTITUTIONAL POLICIES BEARING ON FACULTY APPOINTMENT, PROMOTION, TENURE, AND DISMISSAL AS WELL AS PERSONNEL AND ANTIDISCRIMINATION POLICIES FOR OTHER CATEGORIES OF EMPLOYEES. - APPROVE THE ANNUAL BUDGET AND TUITION AND FEES, REGULARLY MONITOR THE UNIVERSITY'S FINANCIAL CONDITION, AND ESTABLISH POLICY GUIDELINES AFFECTING ALL INSTITUTIONAL ASSETS, INCLUDING INVESTMENTS AND THE PHYSICAL PLANT. - CONTRIBUTE FINANCIALLY TO THE UNIVERSITY'S FUND-RAISING GOALS, PARTICIPATE ACTIVELY IN STRATEGIES TO SECURE SOURCES OF SUPPORT, AND AUTHORIZE UNIVERSITY OFFICERS TO ACCEPT GIFTS OR BEQUESTS SUBJECT TO BOARD POLICY GUIDELINES. - AUTHORIZE DEBT FINANCING AND APPROVE THE SECURITIZATION OF LOANS. - AUTHORIZE THE CONSTRUCTION OF NEW BUILDINGS, CAPITALIZATION OF MATERIAL DEFERRED MAINTENANCE BACKLOGS, AND MAJOR RENOVATIONS OF EXISTING BUILDINGS. - AUTHORIZE THE PURCHASE, SALE, AND MANAGEMENT OF LAND, BUILDINGS, AND MAJOR EQUIPMENT. - APPROVE POLICIES THAT CONTRIBUTE TO AN ENVIRONMENT IN WHICH STUDENTS CAN LEARN AND DEVELOP THEIR ABILITIES. - APPROVE POLICIES THAT PROTECT ACADEMIC FREEDOM AND CONTRIBUTE TO AN ENVIRONMENT IN WHICH THE FACULTY CAN TEACH, PURSUE THEIR SCHOLARSHIP, AND PERFORM PUBLIC SERVICE. - APPROVE ALL EARNED AND HONORARY DEGREES THROUGH THE FACULTY AND PRESIDENT, AS THEY SHALL RECOMMEND. - SERVE ACTIVELY AS ADVOCATES FOR THE UNIVERSITY IN APPROPRIATE MATTERS OF PUBLIC POLICY IN CONSULTATION WITH THE PRESIDENT AND OTHER RESPONSIBLE PARTIES AS THE BOARD SHALL DETERMINE. - PERIODICALLY UNDERTAKE ASSESSMENTS OF THE BOARD'S PERFORMANCE. 3) ARTICLE III MEMBERSHIP OF THE BOARD OF TRUSTEES - PROVIDES THAT THE BOARD SHALL CONSIST OF NO FEWER THAN 12 AND NO MORE THAN 27 PERSONS, NOT INCLUDING THE PRESIDENT OF THE UNVIERSITY. TRUSTEES SHALL BE ELECTED TO SERVE FOR 6-YEAR TERMS AND SHALL BE ELIGIBLE FOR REELECTION TO A MIXIMUM OF TWO FULL CONSECUTIVE TERMS. TRUSTEES THAT HAVE SERVED FOR 12 CONSECUTIVE YEARS SHALL BE ELIGIBLE FOR REELECTION ONLY FOLLOWING A TWO-YEAR HIATUS. METHOD OF ELECTING TRUSTEES, THEIR TERM OF OFFICE, AND PROCEDURES FOR REMOVAL AND FILLING OF VACANCIES SHALL BE AS SET FORTH IN THE RESTATED ARTICLES OF INCORPORATION. COMMITTEE OF TRUSTEESHIP PROVIDES THE CORPORATE BODY AND BOARD OF TRUSTEES A SLATE OF CANDIDATES FOR CONSIDERATION AND ELECTION. 4) ARTICLE IV OFFICERS OF THE BOARD - ADDS THE POSITION OF TREASURER OF THE BOARD. 5) ARTICLE VII TERM AND RESPONSIBILITIES OF THE TREASURER - ADDS AN EXPLANATION OF THE DUTIES OF THE BOARD TREASURER. 6) ARTICLE XIII COMMITTEES - ELIMINATES THE SEMINARY COMMITTEE AND INVESTMENT/SKILLPATH COMMITTEES. 7) ARTICLE XV OUTLINES THE COMPOSITION, PURPOSES AND RESPONSIBILITIES OF THE COMMITTEE ON TRUSTEESHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 7 MEMBERS WHO ARE A SINGLE CLASS OF MEMBERS AND ARE COLLECTIVELY REFERRED TO AS THE "CORPORATE BODY": - 3 MEMBERS OF THE FIRST PRESIDENCY OF THE COMMUNITY OF CHRIST - 3 MEMBERS OF THE PRESIDING BISHROPIC OF THE COMMUNITY OF CHRIST - 1 MEMBER WHO IS THE ACTING PRESIDENT OF THE COUNCIL OF TWELVE APOSTLES OF THE COMMUNITY OF CHRIST FORM 990, PART VI, SECTION A, LINE 7A PER THE ARTICLES OF INCORPORATION, THE BOARD OF TRUSTEES MAY CONSIST OF 12-27 MEMBERS: - 9 TRUSTEES ARE ELECTED BY THE WORLD CONFERENCE OF THE COMMUNITY OF CHRIST - UP TO 9 TRUSTEES MAY BE APPOINTED BY THE CORPORATE BODY - UP TO 9 TRUSTEES MAY BE APPOINTED BY THE BOARD OF TRUSTEES - TRUSTEES MAY BE REMOVED BY THAT GROUP (WORLD CONFERENCE, CORPORATE BODY, OR BOARD OF TRUSTEES) THAT ELECTED OR APPOINTED SUCH TRUSTEE; EXCEPT THE CORPORATE BODY MAY ACT FOR THE WORLD CONFERENCE IN THE REMOVAL OF A TRUSTEE ELECTED BY THE WORLD CONFERENCE IN ANY INTERIM PERIOD BETWEEN WORLD CONFERENCES. FORM 990, PART VI, SECTION B, LINE 11 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 15 THE CHAIRMAN OF THE BOARD WILL WORK WITH OTHER BOARD MEMBERS TO DETERMINE THE COMPENSATION FOR THE CEO. THE CEO SETS THE COMPENSATION FOR THE TOP MANAGEMENT AND OFFICERS, WITH APPROVAL OF THE CHAIRMAN OF THE BOARD. VICE PRESIDENTS SET THE COMPENSATION FOR KEY EMPLOYEES, WITH APPROVAL OF THE CEO. 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. 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. DEFERRED COMPENSATION FROM DEFINED BENEFIT RETIREMENT PLAN FORM 990, PART VII, SECTION A 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 TIMES THE NUMBER OF YEARS OF SERVICE. IN TOTAL, GRACELAND UNIVERSITY CONTRIBUTED $1,989,652 TO THE PLAN DURING THE YEAR. EMPLOYEES THAT PARTICIPATE IN THE PLAN LISTED ON FORM 990, PART VII, SECTION A INCLUDE: KATHLEEN CLAUSON-BASH, JANICE TIFFANY, STEVE ANDERS, MARIAN KILLPACK, AND KELLY EVERETT. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,188,565. CHANGES IN NET ASSETS OF RELATED ENTITY - THE CENTER -163,043. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENTS -1,821,140. MINIMUM PENSION LIABILITY ADJUSTMENT -5,550,848. TOTAL TO FORM 990, PART XI, LINE 5: -8,723,596. GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING 6900 SQUIBB RD MISSION KS 66202 431685651 D/B/A SKILLPATH SEMINARS, ADULT EDUCATION/TRAINING MO 501(C)(3) LINE 9 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 1 0 0 0 GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING C 4000000 CASH COMMUNITY OF CHRIST C 105000 CASH COMMUNITY OF CHRIST E 18840000 LOAN GUARANTEE COMMUNITY OF CHRIST E 4475000 NOTE PAYABLE COMMUNITY OF CHRIST O 738463 CASH