GRACELAND UNIVERSITY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GRACELAND UNIVERSITY (EIN 42-0707114)
- Tax period
- 2024-06-01 to 2025-05-31
- Filed
- 2026-04-15
- IRS object ID
- 202601059349302520
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-04-15T18:44:10-05:00 | ReturnTs |
| Tax Period End | 2025-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 430765316 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUBINBROWN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 MAIN STREET SUITE 1000 | AddressLine1Txt |
| City | KANSAS CITY | CityNm |
| State Abbreviation | MO | StateAbbreviationCd |
| ZIP | 64105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420707114 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRACELAND UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAC | BusinessNameControlTxt |
| Phone | 6417845051 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 UNIVERSITY PLACE | AddressLine1Txt |
| City | LAMONI | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 501401641 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JENNIFER A MATNEY | PersonNm |
| Person Title | VP OF BUSINESS AND FINANCE | PersonTitleTxt |
| Phone | 6417845051 | PhoneNum |
| Signature | 2026-03-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KIMBERLY A RYAN | PreparerPersonNm |
| PTIN | P00829977 | PTIN |
| Phone | 8164721122 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOEL SHROCK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 UNIVERSITY PLACE | AddressLine1Txt |
| City | LAMONI | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 501401641 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $42,545,659 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GRACELAND.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1895 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE OTHE 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 975 | TotalEmployeeCnt |
| Total Volunteers | 1100 | TotalVolunteersCnt |
| Total Gross UBI | $1,151 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,510,496 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,771,734 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $37,658,996 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $29,079,750 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,670,829 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,046,008 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,583 | PYOtherRevenueAmt |
| CY Other Revenue | $1,444 | CYOtherRevenueAmt |
| PY Total Revenue | $46,842,904 | PYTotalRevenueAmt |
| CY Total Revenue | $37,898,936 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $17,683,657 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $8,575,429 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,078,692 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,934,253 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,898,308 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $21,201,162 | PYOtherExpensesAmt |
| CY Other Expenses | $23,052,076 | CYOtherExpensesAmt |
| PY Total Expenses | $56,963,511 | PYTotalExpensesAmt |
| CY Total Expenses | $50,561,758 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$10,120,607 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$12,662,822 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $117,507,672 | TotalAssetsBOYAmt |
| Total Assets EOY | $112,705,823 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $26,277,028 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $35,522,630 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $91,230,644 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $77,183,193 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE OTHE 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $13,345,236 | ExpenseAmt |
| Revenue | $22,030,429 | RevenueAmt |
| Desc | EDUCATIONAL PROGRAMS, GENERAL/OTHER: GRACELAND PRODUCES A LIBERAL ARTS EDUCATION OFFERED TO STUDENTS IN TRADITIONAL ON-CAMPUS PROGRAMS AND VIA DISTANCE LEARNING FORMATS. 27 UNDERGRADUATE MAJORS, 6 MASTERS DEGREES WITH 11 AREAS OF CONCENTRATION, 7 GRADUATE CERTIFICATE PROGRAMS AND 2 DOCTORATE PROGRAMS ARE OFFERED. GRACELAND UNIVERSITY IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. ACADEMIC SUPPORT INCLUDES ACCREDITATION AND ASSESSMENT ACTIVITIES, LIBRARIES, AND INSTRUCTIONAL TECHNOLOGY SUPPORT. (1,127 FTE) | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $20,935,792 | ExpenseAmt |
| Revenue | $7,049,321 | RevenueAmt |
| Desc | STUDENT SERVICES PROGRAMS, GENERAL/OTHER/AUXILLIARY: STUDENT SERVICES ENCOMPASSES CULTURAL AND SOCIAL ACTIVITIES FOR STUDENTS, INCLUDING STUDENT GOVERNMENT AND INTERCOLLEGIATE ATHLETICS. ALSO INCLUDED ARE OFFICES PROVIDING STUDENT SERVICE SUPPORT SUCH AS ADMISSIONS, REGISTRAR, AND OTHERS. AUXILLIARY SERVICES INCLUDE THE UNIVERSITY BOOKSTORE, FOOD SERVICES, RESIDENCE HALLS, AND SNACK SHOP AND VENDING ACTIVITIES. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $8,575,429 | ExpenseAmt |
| Grant | $8,575,429 | GrantAmt |
| Desc | STUDENT FINANCIAL AID PROGRAMS: SCHOLARSHIPS, GRANTS AND OTHER STUDENT FINANCIAL ASSISTANCE WERE RECEIVED BY 99% OF OUR RESIDENTIAL STUDENTS AND BY 93% AND 78% OF OUR ONLINE UNDERGRADUATE AND GRADUATE STUDENTS, RESPECTIVELY. FUNDING IS PROVIDED THROUGH INSTITUTIONAL SOURCES, GOVERNMENT GRANT PROGRAM ADMINISTERED BY THE UNIVERSITY, OR GOVERNMENT-SPONSORED LOAN PROGRAMS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $732,430 | ExpenseAmt |
| Desc | TRIO GRANT PROGRAMS WHICH ARE ALL FUNDED BY GOVERNMENT GRANTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $732,430 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $43,588,887 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1598 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 975 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHERRI BRENIZER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6417845051 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 UNIVERSITY PLACE | AddressLine1Txt |
| City | LAMONI | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 501401641 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JENNIFER MATNEY | ||||||||
| VP - BUSINESS AND FINANCE | 50.00 | 3.50 | Yes (X) | $121,086 | $0 | $5,049 | ||
| MIKE WILEY | ||||||||
| TRUSTEE/CHAIR | 12.00 | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JOSEPH BOOZ | ||||||||
| TRUSTEE/VICE CHAIR - UNTIL 8/24 | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| LOUANN MUIR-HUTCHINSON | ||||||||
| TRUSTEE/VICE CHAIR - AS OF 8/24 | 18.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RYAN WATSON | ||||||||
| TRUSTEE/SECRETARY - UNTIL 8/24 | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| MIKE SEAGRAVES | ||||||||
| TRUSTEE/SECRETARY - AS OF 8/24 | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| JAY COOK | ||||||||
| TRUSTEE/TREASURER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| SAM SMALLDON | ||||||||
| TRUSTEE/TREASURER | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| HOLLY CASKEY | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN GODFREY | ||||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVEN GRAFFEO | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RON HARMON | ||||||||
| TRUSTEE | 0.50 | 50.00 | Yes (X) | $0 | $0 | $0 | ||
| GWENDOLYN HAWKS-BLUE | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| EMILY HUGHES | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| VINCENT E LEWIS | ||||||||
| TRUSTEE | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JIM LYSINGER | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| ALEKSANDAR MEMCA | ||||||||
| TRUSTEE | 5.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RANDALL E PRATT | ||||||||
| TRUSTEE | 6.00 | Yes (X) | $0 | $0 | $0 | |||
| JULIA SNETHEN | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN WHITEHURST | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHANIE WINTERS MCCONNELL | ||||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TOYIA K YOUNGER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOEL SHROCK | ||||||||
| VP - AA/ PRESIDENT AS OF 7/24 | 50.00 | 12.00 | $226,653 | $0 | $40,468 | Yes (X) | ||
| PAT DRAVES | ||||||||
| PRESIDENT - UNTIL 7/24 | 70.00 | $185,033 | $0 | $15,013 | Yes (X) | |||
| KRISTI HETTRICK | ||||||||
| VP - INSTITUTIONAL ADVANCEMENT | 40.00 | $165,560 | $0 | $22,184 | Yes (X) | |||
| DEB SKINNER | ||||||||
| VP - ENROLLMENT | 60.00 | $108,953 | $0 | $9,075 | Yes (X) | |||
| DAVE SCHAAL | ||||||||
| VP - STUDENT LIFE | 60.00 | $91,675 | $0 | $5,399 | Yes (X) | |||
| LEIGH MURRAY | ||||||||
| DIRECTOR DPT PROGRAM | 50.00 | $124,562 | $0 | $24,125 | Yes (X) | |||
| TALIA BROWN | ||||||||
| CIO | 60.00 | $107,671 | $0 | $30,899 | Yes (X) | |||
| REBECCA REISCH | ||||||||
| PROFESSOR OF DPT | 50.00 | $102,995 | $0 | $13,387 | Yes (X) | |||
| JENNA WILCOX | ||||||||
| PROFESSOR OF NURSING | 50.00 | $100,799 | $0 | $4,691 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,334,987 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $170,290 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO INC & AFFILIATES | |||||
| 1 UNIVERSITY PLACE | LAMONI | IA | 50140 | FOOD SERVICES | $2,840,253 |
| DRIVESTREAM INC | |||||
| PO BOX 780071 | PHILADELPHIA | PA | 17179 | SOFTWARE IMPLEMENTATION | $1,733,126 |
| P1 SERVICE | |||||
| PO BOX 69645 | BALTIMORE | MD | 21264 | FACILITY MAINTENANCE | $702,740 |
| VISIONPOINT MARKETING LLC | |||||
| PO BOX 749717 | ATLANTA | GA | 30374 | MEDIA/MARKETING | $558,720 |
| SCHUMACHER ELEVATOR COMPANY | |||||
| BOX 393 ONE SCHUMACHER WAY | DENVER | IA | 50622 | ELEVATOR MAINTENANCE | $339,745 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 32 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $9,514 | FundraisingAmt |
| Related Organizations | $500,000 | RelatedOrganizationsAmt |
| Government Grants | $1,762,280 | GovernmentGrantsAmt |
| All Other Contributions | $4,499,940 | AllOtherContributionsAmt |
| Noncash Contributions | $402,688 | NoncashContributionsAmt |
| Total Contributions | $6,771,734 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $22,030,429 | $22,030,429 |
| AUXILIARY ENTERPRISES | 611310 | $6,561,486 | $6,561,486 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $487,835 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $487,835 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $29,079,750 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $191,428 | TotalRevenueColumnAmt |
| Exclusion | $191,428 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,151 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,151 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,493,096 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,638,516 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,854,580 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,854,580 | TotalRevenueColumnAmt |
| Exclusion | $1,854,580 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $8,500 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $9,514 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $8,207 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $293 | TotalRevenueColumnAmt |
| Exclusion | $293 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,898,936 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,079,750 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,151 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,046,301 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,575,429 | TotalAmt |
| Program Services | $8,575,429 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $963,930 | TotalAmt |
| Management And General | $675,544 | ManagementAndGeneralAmt |
| Fundraising | $288,386 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,975,412 | TotalAmt |
| Program Services | $13,018,130 | ProgramServicesAmt |
| Management And General | $1,281,101 | ManagementAndGeneralAmt |
| Fundraising | $676,181 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $277,552 | TotalAmt |
| Program Services | $253,854 | ProgramServicesAmt |
| Management And General | $17,015 | ManagementAndGeneralAmt |
| Fundraising | $6,683 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,713,339 | TotalAmt |
| Program Services | $1,462,779 | ProgramServicesAmt |
| Management And General | $167,810 | ManagementAndGeneralAmt |
| Fundraising | $82,750 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,004,020 | TotalAmt |
| Program Services | $825,086 | ProgramServicesAmt |
| Management And General | $119,914 | ManagementAndGeneralAmt |
| Fundraising | $59,020 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $314,947 | TotalAmt |
| Program Services | $43,914 | ProgramServicesAmt |
| Management And General | $242,658 | ManagementAndGeneralAmt |
| Fundraising | $28,375 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,953 | TotalAmt |
| Program Services | $27,053 | ProgramServicesAmt |
| Management And General | $185,900 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,893 | TotalAmt |
| Management And General | $47,893 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,995,241 | TotalAmt |
| Program Services | $8,786,491 | ProgramServicesAmt |
| Management And General | $903,670 | ManagementAndGeneralAmt |
| Fundraising | $305,080 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,268,209 | TotalAmt |
| Program Services | $838,778 | ProgramServicesAmt |
| Management And General | $355,110 | ManagementAndGeneralAmt |
| Fundraising | $74,321 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,613,145 | TotalAmt |
| Program Services | $2,184,480 | ProgramServicesAmt |
| Management And General | $280,152 | ManagementAndGeneralAmt |
| Fundraising | $148,513 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,230,789 | TotalAmt |
| Program Services | $1,156,072 | ProgramServicesAmt |
| Management And General | $54,176 | ManagementAndGeneralAmt |
| Fundraising | $20,541 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,114,548 | TotalAmt |
| Program Services | $939,957 | ProgramServicesAmt |
| Management And General | $79,388 | ManagementAndGeneralAmt |
| Fundraising | $95,203 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $856,363 | TotalAmt |
| Program Services | $788,473 | ProgramServicesAmt |
| Management And General | $49,938 | ManagementAndGeneralAmt |
| Fundraising | $17,952 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,097,759 | TotalAmt |
| Program Services | $2,905,079 | ProgramServicesAmt |
| Management And General | $139,709 | ManagementAndGeneralAmt |
| Fundraising | $52,971 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,331,956 | TotalAmt |
| Program Services | $1,144,388 | ProgramServicesAmt |
| Management And General | $171,226 | ManagementAndGeneralAmt |
| Fundraising | $16,342 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MEMBERSHIPS | $298,715 | $204,239 | $90,515 | $3,961 |
| ACCRETION AND MISCELLAN | $284,868 | $79,441 | $187,540 | $17,887 |
| COLLECTION EXPENSE | $170,725 | $163,353 | $7,372 | |
| PROFESSIONAL DEVELOPMEN | $148,127 | $128,667 | $15,832 | $3,628 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,838 | TotalAmt |
| Program Services | $63,224 | ProgramServicesAmt |
| Management And General | $2,100 | ManagementAndGeneralAmt |
| Fundraising | $514 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,561,758 | TotalAmt |
| Program Services | $43,588,887 | ProgramServicesAmt |
| Management And General | $5,074,563 | ManagementAndGeneralAmt |
| Fundraising | $1,898,308 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,000 | BOYAmt |
| EOY | $2,300 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,796 | BOYAmt |
| EOY | $53,863 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,693,588 | BOYAmt |
| EOY | $4,436,660 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $942,955 | BOYAmt |
| EOY | $1,232,323 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $277,985 | BOYAmt |
| EOY | $248,201 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,229,034 | BOYAmt |
| EOY | $1,169,917 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $140,304,444 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $83,037,423 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,350,626 | BOYAmt |
| EOY | $57,267,021 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,749,947 | BOYAmt |
| EOY | $7,165,937 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,959,383 | BOYAmt |
| EOY | $36,680,263 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $165,301 | BOYAmt |
| EOY | $211,375 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $585,150 | BOYAmt |
| EOY | $2,150,538 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,329,907 | BOYAmt |
| EOY | $2,087,425 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,507,672 | BOYAmt |
| EOY | $112,705,823 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,730,034 | BOYAmt |
| EOY | $4,881,156 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,598,267 | BOYAmt |
| EOY | $2,663,778 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,055,226 | BOYAmt |
| EOY | $14,406,215 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $521,478 | BOYAmt |
| EOY | $534,510 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,377,346 | BOYAmt |
| EOY | $4,288,488 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $201,912 | BOYAmt |
| EOY | $212,216 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $792,765 | BOYAmt |
| EOY | $8,536,267 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,277,028 | BOYAmt |
| EOY | $35,522,630 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,075,029 | BOYAmt |
| EOY | $31,698,169 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,155,615 | BOYAmt |
| EOY | $45,485,024 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,230,644 | BOYAmt |
| EOY | $77,183,193 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,507,672 | BOYAmt |
| EOY | $112,705,823 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$12,662,822 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $463,334 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,847,963 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,014,975 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,163,068 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $13,828,938 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,510,496 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,771,734 | CurrentTaxYearAmt |
| Total | $63,289,211 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,014,975 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,163,068 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $13,828,938 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,510,496 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,771,734 | CurrentTaxYearAmt |
| Total | $63,289,211 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $12,297,547 | SubstantialContributorsTotAmt |
| Public Support Total170 | $50,991,664 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $187,816 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $106,970 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $217,662 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $188,351 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $192,579 | CurrentTaxYearAmt |
| Total | $893,378 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,099 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,509 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,410 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,223 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $293 | CurrentTaxYearAmt |
| Total | $11,534 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $64,194,123 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $178,922,850 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.79430 | PublicSupportCY170Pct |
| Public Support PY170 | 0.77470 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $49,294,369 | BeginningYearBalanceAmt |
| Contributions | $1,039,900 | ContributionsAmt |
| Investment Earnings Or Losses | $946,191 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,300,173 | OtherExpendituresAmt |
| End Year Balance | $43,980,287 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $52,552,964 | BeginningYearBalanceAmt |
| Contributions | $591,944 | ContributionsAmt |
| Investment Earnings Or Losses | $4,757,234 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $8,607,773 | OtherExpendituresAmt |
| End Year Balance | $49,294,369 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $58,079,158 | BeginningYearBalanceAmt |
| Contributions | $861,111 | ContributionsAmt |
| Investment Earnings Or Losses | $3,074,821 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $9,462,126 | OtherExpendituresAmt |
| End Year Balance | $52,552,964 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $54,744,304 | BeginningYearBalanceAmt |
| Contributions | $460,190 | ContributionsAmt |
| Investment Earnings Or Losses | $5,137,534 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,262,870 | OtherExpendituresAmt |
| End Year Balance | $58,079,158 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $42,573,357 | BeginningYearBalanceAmt |
| Contributions | $380,030 | ContributionsAmt |
| Investment Earnings Or Losses | $18,995,716 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,204,799 | OtherExpendituresAmt |
| End Year Balance | $54,744,304 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.17940 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.82060 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $282,972 | OtherCostOrOtherBasisAmt |
| Book Value | $282,972 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $114,559,341 | OtherCostOrOtherBasisAmt |
| Depreciation | $59,737,762 | DepreciationAmt |
| Book Value | $54,821,579 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,266,034 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,299,661 | DepreciationAmt |
| Book Value | $966,373 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,196,097 | OtherCostOrOtherBasisAmt |
| Book Value | $1,196,097 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $57,267,021 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENTS IN RELATED ENTITY - THE CENTER | $6,524,239 | C |
| POOLED INVESTMENTS | $30,156,024 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $36,680,263 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $536,267 |
| LINE OF CREDIT FROM RELATED PARTY | $8,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,536,267 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $47,574,738 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $463,334 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $640 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $18,335,150 | OtherRevenueAmt |
| Revenue Not Reported | $18,799,124 | RevenueNotReportedAmt |
| Revenue Subtotal | $28,775,614 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $47,893 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $9,075,429 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $9,123,322 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $37,898,936 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $61,622,189 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $640 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $19,683,113 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $19,683,753 | ExpensesNotReportedAmt |
| Expenses Subtotal | $41,938,436 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $47,893 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $8,575,429 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $8,623,322 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $50,561,758 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | REVENUE OF RELATED ENTITY - THE CENTER 17,722,187. OTHER LOSSES AND ADJUSTMENTS 604,756. FUNDRAISING EVENT EXPENSES 8,207. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE 8,575,429. CONTRIBUTION FROM RELATED ENTITY - THE CENTER 500,000. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES OF RELATED ENTITY - THE CENTER 19,674,906. FUNDRAISING EVENT EXPENSES 8,207. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIP/GRANT EXPENSE NETTED TO REVENUE 8,575,429. |
| 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. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | Yes (1) | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| SCHEDULE E, PART I, LINE 6 | 6A) IN 2024-2025 THE UNIVERSITY RECEIVED GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION (STUDENT SCHOLARSHIPS AND FINANCIAL AID GRANTS) AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICES (VOLUNTEER 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. |
| 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 WITH THE TENETS OF EQUAL OPPORTUNITY REQUIREMENTS. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF CLASSIC - INDEPENDENCE | Event1Nm |
| Gross Receipts Event1 | $18,014 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $9,514 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $8,500 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $8,207 | RentFacilityCostsEvent1Amt |
| Gross Receipts Total | $18,014 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $9,514 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $8,500 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $8,207 | RentFcltyCostsTotalEventsAmt |
| Direct Expense Summary Events | $8,207 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $293 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| ACADEMIC SCHOLARSHIPS | 460 | $3,081,189 |
| SCHOLARSHIPS - ADDITIONAL | 196 | $348,148 |
| SEOG | 287 | $275,284 |
| GRANTS IN AID | 691 | $4,846,308 |
| LEADERSHIP GRANTS | 25 | $24,500 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOEL SHROCK | ||||||||||||||
| VP - AA/ PRESIDENT AS OF 7/24 | $196,153 | $0 | $0 | $0 | $30,500 | $0 | $10,110 | $0 | $30,358 | $0 | $267,121 | $0 | $0 | $0 |
| PAT DRAVES | ||||||||||||||
| PRESIDENT - UNTIL 7/24 | $169,783 | $0 | $0 | $0 | $15,250 | $0 | $8,333 | $0 | $6,680 | $0 | $200,046 | $0 | $0 | $0 |
| KRISTI HETTRICK | ||||||||||||||
| VP - INSTITUTIONAL ADVANCEMENT | $155,265 | $0 | $0 | $0 | $10,295 | $0 | $7,721 | $0 | $14,463 | $0 | $187,744 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A: | FormAndLineReferenceDesc |
| Explanation | THE PRESIDENT'S SPOUSE ACCOMPANIES THEM TO CERTAIN EVENTS WHEN DEEMED NECESSARY FOR THE GOOD OF THE UNIVERSITY. THERE WAS NO SPOUSAL TRAVEL INCLUDED IN THE PRESIDENT'S COMPENSATION DURING THE YEAR. THE PRESIDENT HAS AUTHORITY OVER THEIR OFFICE BUDGET, BUT NO FUNDS ARE AVAILABLE TO THEM FOR PERSONAL USE. THE PRESIDENT IS PROVIDED A RESIDENCE WHICH IS USED FOR UNIVERSITY FUNCTIONS. THE FAIR MARKET VALUE RENTAL OF $21,000 PER YEAR AND HOUSEKEEPING SERVICES IS INCLUDED IN THE RENTAL VALUE. THE VALUE OF UTILITIES/MAINTENANCE/OTHER PROVIDED OF $10,009 IS INCLUDED AS NONTAXABLE BENEFITS ON SCHEDULE J, PART II, COLUMN (D). | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IOWA FINANCE AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 521699886 | BondIssuerEIN |
| CUSIP | 000000000 | CUSIPNum |
| Bond Issued | 2021-10-31 | BondIssuedDt |
| Issue Price | $16,900,000 | IssuePriceAmt |
| Purpose | REFUND PRIOR ISSUE (12/30/13) | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $2,250,000 | RetiredAmt |
| Total Proceeds | $16,900,000 | TotalProceedsAmt |
| Capitalized Interest | $1,284 | CapitalizedInterestAmt |
| Issuance Costs From Proceeds | $296,900 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $16,601,816 | OtherSpentProceedsAmt |
| Substantial Completion | 2009 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: | FormAndLineReferenceDesc |
| Explanation | (A) ISSUER NAME: IOWA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/13/2022 NOTE REGARDING THE REBATE COMPUTATION: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONA FIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES SHROCK | PersonNm |
| Relationship With Org | INTERESTED PERSONS AND FAMILY MEMBERS | RelationshipWithOrgTxt |
| Cash Grant | $1,860 | CashGrantAmt |
| Type Of Assistance | DISCOUNTED TUITION | TypeOfAssistanceTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| JEFFREY DRAVES | |||
| SPOUSE OF OFFICER | $31,727 | MR. DRAVES | 0 |
| KELLY SHROCK | |||
| SPOUSE OF OFFICER | $60,000 | MRS. SCHROCK | 0 |
| RANDALL PRATT | |||
| TRUSTEE | $30,590 | MR. PRATT | 0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS | (A) NAME OF PERSON: JEFFREY DRAVES(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF OFFICER, PATRICIA DRAVES(D) DESCRIPTION OF TRANSACTION: MR. DRAVES IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $31,727 DURING THE YEAR. |
| SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS | (A) NAME OF PERSON: KELLY SHROCK(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: SPOUSE OF OFFICER, JOEL SHROCK(D) DESCRIPTION OF TRANSACTION: MRS. SHROCK IS AN EMPLOYEE OF THE UNIVERSITY AND RECEIVED COMPENSATION OF $60,000 DURING THE YEAR. |
| SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS | (A) NAME OF PERSON: RANDALL PRATT(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: TRUSTEE ON THE BOARD OF DIRECTORS(D) DESCRIPTION OF TRANSACTION: MR. PRATT IS A TRUSTEE ON THE BOARD OF DIRECTORS AND HAS ENTERED INTO A LEASE AGREEMENT WITH THE UNIVERSITY. CASH RENT FOR CALENDAR YEAR 2025 IS PRORATED AND A TOTAL OF $30,589.60. |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $2,232 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 9 | ContributionCnt |
| Noncash Contributions Rpt F990 | $393,819 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | TRAVEL EXPENSES | 1 | $3,069 | FMV |
| Yes (X) | STEREO TAPE DECK | 1 | $1,623 | FMV |
| Yes (X) | AUCTION ITEMS | 2 | $1,305 | FMV |
| Yes (X) | 4 HOURS OF CRANE SERVICES | 1 | $640 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CORPORATION'S MEMBERS CONSIST OF THOSE PERSONS COMPRISING THE FIRST PRESIDENCY OF COMMUNITY OF CHRIST (THE "CHURCH"), THE PRESIDING BISHOPRIC OF THE CHURCH, AND THE PRESIDENT OF THE COUNCIL OF TWELVE APOSTLES OF THE CHURCH, SUCH PERSONS BEING A SINGLE CLASS OF MEMBERS THAT IS COLLECTIVELY REFERRED TO HEREIN AS THE "CORPORATE BODY" OF THE CHURCH. THE CORPORATE BODY SHALL ACT BY A MAJORITY VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7A | PER THE ARTICLES AND BYLAWS, THE BOARD MAY CONSIST OF UP TO 21 MEMBERS: - UP TO 7 TRUSTEES ARE ELECTED BY THE WORLD CONFERENCE OF THE COMMUNITY OF CHRIST - UP TO 7 TRUSTEES MAY BE ELECTED BY THE CORPORATE BODY - UP TO 7 TRUSTEES MAY BE ELECTED BY THE BOARD OF TRUSTEES A TRUSTEE ELECTED BY THE CORPORATE BODY OR WORLD CONFERENCE MAY BE REMOVED FROM OFFICE AT ANY TIME, WITH OR WITHOUT CAUSE, BY THE RESPECTIVE BODY THAT ELECTED THE TRUSTEE. DURING THE PERIOD BETWEEN THE WORLD CONFERENCES, THE CORPORATE BODY MAY ACT ON BEHALF OF THE WORLD CONFERENCE AND REMOVE ANY TRUSTEE ELECTED BY THE WORLD CONFERENCE. TRUSTEES ELECTED BY THE FULL BOARD OF TRUSTEES MAY BE REMOVED FROM OFFICE AT ANY TIME, WITH OR WITHOUT CAUSE, BY AN AFFIRMATIVE VOTE OF TWO-THIRDS OF THE FULL BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 11B | 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 PUBLIC INSPECTION 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 15A | THE CHAIRMAN OF THE BOARD WILL WORK WITH OTHER BOARD MEMBERS TO DETERMINE THE COMPENSATION FOR THE PRESIDENT. THE PRESIDENT SETS THE COMPENSATION FOR THE TOP MANAGEMENT AND OFFICERS. VICE PRESIDENTS SET THE COMPENSATION FOR KEY EMPLOYEES, WITH THE APPROVAL OF THE PRESIDENT. 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. IN 2014, AN INDEPENDENT COMPENSATION STUDY WAS COMPLETED, AT THE BOARD'S REQUEST, TO ASCERTAIN TARGET RANGES FOR THE FACULTY SALARIES. |
| 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. |
| 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 FOR THE FIVE HIGHEST PAID YEARS TIMES THE NUMBER OF YEARS OF SERVICE, NOT TO EXCEED 30 YEARS. EFFECTIVE AUGUST 1, 2006, THE DEFINED BENEIFT PLAN WAS CLOSED TO NEW EMPLOYEES. ON SEPTEMBER 30, 2016, THE UNIVERSITY FROZE THE BENEFIT ACCRUAL OF THE DEFINED BENEFIT PLAN. GRACELAND UNIVERSITY RECEIVED AN IRS DETERMINATION LETTER IN DECEMBER 2020 CONFIRMING THAT BOTH THE DEFINED BENEFIT AND DEFINED CONTRIBUTION PLANS HAVE "CHURCH PLAN STATUS AND, THEREFORE, ARE NOT SUBJECT TO ERISA. |
| FORM 990, PART VII, SECTION A: | RON HARMON RECEIVED COMPENSATION FROM A RELATED ORGANIZATION FOR HIS POSITION AS PRESIDING BISHOP, FIRST PRESIDENCY COUNSELOR OF COMMUNITY OF CHRIST. |
| FORM 990, PART IX, LINE 11G | CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 8,786,491. MANAGEMENT AND GENERAL EXPENSES 903,670. FUNDRAISING EXPENSES 305,080. TOTAL EXPENSES 9,995,241. |
| FORM 990, PART XI, LINE 9: | MINIMUM PENSION LIABILITY ADJUSTMENT 604,756. CHANGES IN NET ASSETS OF RELATED ENTITY - THE CENTER -2,452,719. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING | |||||||||||
| 6900 SQUIBB ROAD | MISSION | KS | 66202 | 431685651 | ADULT EDUCATION/TRAINING | MO | 501(C)(3) | LINE 10 | GRACELAND UNIVERSITY | Yes (1) | |
| COMMUNITY OF CHRIST | |||||||||||
| 1001 W WALNUT STREET | INDEPENDENCE | MO | 64050 | 440552038 | CHURCH | MO | 501(C)(3) | LINE 1 | 0 | N/A | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING | ||
| K | $158,514 | LEASE AGREEMENT |
| COMMUNITY OF CHRIST | ||
| Q | $75,000 | CASH RECEIVED FOR TUITION |
| COMMUNITY OF CHRIST | ||
| P | $1,152,866 | CASH PAID FOR INSURANCE |
| GRACELAND COLLEGE CENTER FOR PROFESSIONAL DEVELOPMENT AND LIFELONG LEARNING | ||
| C | $500,000 | CASH |
| COMMUNITY OF CHRIST | ||
| E | $8,000,000 | LINE OF CREDIT |