2024-05-02T10:28:49-05:00 2023-06-30 382492570 DOEREN MAYHEW 56 CESAR E CHAVEZ AVE SW STE 100 GRAND RAPIDS MI 49503 990 2022-07-01 381673400 GRACE CHRISTIAN UNIVERSITY GRAC 6165382330 1011 ALDON ST SW WYOMING MI 495091921 RANDY ZANDBERGEN TREASURER 6165382330 2024-04-19 1 RANDY ZANDBERGEN 999009999 0 ROXANNE M PAGE CPA P00292926 6162355200 2024-04-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR KEN KEMPER 1011 ALDON ST SW WYOMING MI 495091921 16002175 0 X WWW.GRACECHRISTIAN.EDU X 1939 MI GRADUATING COURAGEOUS AMBASSADORS FOR CHRIST WHO MAKE AN ETERNAL IMPACT WHEREVER THEY GO. THE UNIVERSITY SEEKS TO INTEGRATE ARTS AND SCIENCES AND BIBLICAL/THEOLOGICAL STUDIES; AND STRESSES FAITH AND LEARNING, IN ACCORD WITH THE VALUES AND DOCTRINES OF ITS FOUNDING LEADERSHIP AND THE BIBLE COLLEGE MOVEMENT. IN RECOGNIZING ITS PURPOSE AS CHRISTIAN HIGHER EDUCATION FOR LIFE AND SERVICE IN CHURCH AND SOCIETY, GCU STRIVES FOR EDUCATIONAL OUTCOMES EMBODYING THE PRINCIPLE THAT BOTH MINISTERIAL AND SOCIETAL VOCATIONS INVOLVE THE GIFTS AND CALLING OF GOD. GCU IS COMMITTED TO THE PERSONAL, SOCIAL, SPIRITUAL AND INTELLECTUAL GROWTH OF ALL ITS STUDENTS. THE UNIVERSITY WILL ACCOMPLISH ITS MISSION THROUGH EMPHASIZING AND SUPPORTING EXCELLENCE IN TEACHING AND RELATED RESPONSIBILITIES, AS WELL AS IN THE ANCILLARY ACTIVITIES OF THE ENTIRE INSTITUTION. 22 22 355 100 0 0 3761184 2764438 12295407 12166264 278032 61964 9680 28574 16344303 15021240 3467479 2891087 0 0 6977052 6743676 0 0 621102 4927862 4729245 15372393 14364008 971910 657232 16098698 17553262 5350834 6032239 10747864 11521023 X GRACE CHRISTIAN UNIVERSITY SEEKS TO DEVELOP PASSIONATE SERVANTS OF JESUS CHRIST BY PERSONALLY EDUCATING STUDENTS IN AN EDUCATIONAL PROGRAM THAT EMPHASIZES THE INTEGRATION OF BIBLICAL TRUTH, MINISTRY EXPERIENCE, AND CHARACTER TRANSFORMATION. THIS EMPHASIS PERVADES THE ENTIRE CAMPUS AS THE UNIVERSITY STRIVES TO CULTIVATE A CARING LEARNING COMMUNITY WHERE JESUS CHRIST IS EXALTED AND STUDENTS ARE EQUIPPED FOR SERVING THE NEEDS OF CHURCH AND SOCIETY. 0 0 4233777 10987202 INSTRUCTION - GRACE CHRISTIAN UNIVERSITY PROVIDED EDUCATIONAL SERVICES INTEGRATING ARTS, SCIENCES AND BIBLICAL/THEOLOGICAL STUDIES. 4365835 572508 1219024 STUDENT SERVICES - SERVICES RELATED TO THE ENROLLMENT, LIBRARY AND COMMUNITY LIFE NEEDS OF STUDENTS WERE PROVIDED BY GRACE CHRISTIAN UNIVERSITY. 2318579 2318579 SCHOLARSHIPS - THE MAJORITY OF STUDENTS ATTENDING GRACE CHRISTIAN UNIVERSITY PRESENT SOME LEVEL OF UNMET FINANCIAL NEED. THE UNIVERSITY PROVIDES SCHOLARSHIPS TO THESE STUDENTS BASED ON THE SCHOLARSHIP POLICY ADOPTED BY THE BOARD. 10918191 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 355 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X DR KEN KEMPER 6165382330 1011 ALDON ST SW WYOMING MI 495091921 RANDY ZANDBERGEN TREASURER 1.00 X X 0 0 0 KEITH KEMPER DIRECTOR 1.00 X 0 0 0 JAMES MOORE DIRECTOR 1.00 X 0 0 0 DR SAM VINTON DIRECTOR 1.00 X 585 0 7650 PASTOR TIM HALL DIRECTOR 1.00 X 0 0 0 DR DANIEL GOWDY VICE CHAIR 1.00 X X 0 0 0 PASTOR CALEB BEFUS DIRECTOR 1.00 X 0 0 0 BRYAN WALKER SECRETARY 1.00 X X 0 0 0 DR GRETCHEN JOHNSON CHAIRWOMAN 1.00 X X 0 0 0 DR MULONGE KALUMBULA DIRECTOR 1.00 X 0 0 0 REBEKAH SHYNE DIRECTOR 1.00 X 0 0 0 BILL KROMBEEN DIRECTOR 1.00 X 0 0 0 DALE DAY DIRECTOR 1.00 X 0 0 0 BRENDA TUTTLE DIRECTOR 1.00 X 0 0 0 SHOCKA WILLIAMS DIRECTOR 1.00 X 0 0 0 RUSSELL KOPP DIRECTOR 1.00 X 0 0 0 MICHAEL ZUVERINK DIRECTOR 1.00 X 0 0 0 JILL ANDERSON DIRECTOR 1.00 X 0 0 0 MATTHEW HALL DIRECTOR 1.00 X 0 0 0 DR KIZOMBO KALUMBULA DIRECTOR 1.00 X 0 0 0 DR JAMES WEBB FORMER DIRECTOR 1.00 X 0 0 0 RODNEY VELTING DIRECTOR 1.00 X 0 0 0 DR KEN KEMPER PRESIDENT 40.00 X 60244 0 59774 DOUG VRIESMAN VICE-PRESIDENT 40.00 X 79889 0 16312 140718 0 83736 0 0 0 0 0 63347 1612661 1088430 2764438 TUITION AND FEES 611600 10937076 10937076 AUXILIARY ENTERPRISES 611710 1219024 1219024 SPORTING EVENTS 611710 10164 10164 12166264 90890 90890 903751 932677 -28926 -28926 -28926 36870 63347 48258 -11388 -11388 MISCELLANEOUS INCOME 611710 39962 39962 39962 15021240 12206226 0 50576 X 2891087 2891087 233327 43567 130350 59410 5391983 4508300 585572 298111 110637 97670 12110 857 676057 511291 143508 21258 331672 291912 26050 13710 9991 9991 64969 64969 218472 93015 10852 114605 249217 200030 26388 22799 243607 224099 19508 201093 185527 12389 3177 228400 228400 604615 540818 63797 RECRUITMENT 1021793 1011763 10030 FOOD SERVICES 360478 360478 BAD DEBT 199221 199221 SUPPLIES 181071 115345 54363 11363 1146318 855052 225484 65782 14364008 10918191 2824715 621102 535935 31197 132825 21825 833874 835820 186399 212820 18761696 5840928 11850047 12920768 2559618 3530832 16098698 17553262 1810564 869568 548491 858607 2890402 4023090 101377 280974 5350834 6032239 X 7908885 8851800 2838979 2669223 10747864 11521023 16098698 17553262 X 657232 106775 9152 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1022847 9535 1032382 1097346 -74499 1022847 1018814 78532 1097346 1022661 -3847 1018814 1032132 -9471 1022661 1.00000 1 0 235732 235732 14878688 3026607 11852081 3132523 2490912 641611 514753 323409 191344 12920768 ANNUITY CONTRACTS 26901 FINANCE LEASE LIABILITIES 254073 280974 X 12937168 106775 70322 -2309427 -2132330 15069498 -48258 -48258 15021240 12164009 70322 48258 118580 12045429 2318579 2318579 14364008 PART V, LINE 4: PRIMARILY, THE EARNINGS GENERATED BY ENDOWED FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS FOR THE STUDENTS OF GRACE CHRISTIAN UNIVERSITY. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THE UNIVERSITY TO BE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE UNIVERSITY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. TAX POSITIONS TAKEN ARE ASSESSED FOR UNCERTAINTY AND A PROVISION MAY BE RECORDED IF A TAX POSITION IS NOT LIKELY TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON BENEFICIAL INTEREST 9,152. SCHOLARSHIP EXPENSE -2,318,579. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS - DIRECT EXPENSES -48,258. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS - DIRECT EXPENSES 48,258. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 2,318,579. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY OF GRACE CHRISTIAN UNIVERSITY IS PROMINENTLY DISPLAYED DURING THE REGISTRATION PERIOD, INCLUDING ON THE APPLICATION ITSELF. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY ADMINISTERS FINANCIAL AID ON BEHALF OF ITS STUDENTS. SUCH FUNDING HAS BEEN PROVIDED BY THE U.S. DEPARTMENT OF EDUCATION. THE UNIVERSITY ALSO RECORDED EDUCATION STABILIZATION FUNDS OF $1,582,929 UNDER THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT AND THE AMERICAN RESCUE PLAN. GOLF OUTING CLASSIC 47673 28473 19200 9252 7238 GALA 35390 29350 6040 1500 8727 2350 1856 3 17154 5524 11630 15702 6 1627 100217 63347 36870 26454 8733 2350 10721 48258 -11388 1 GRACE CHRISTIAN UNIVERSITY INSTITUTIONAL SCHOLARSHIPS 834 0 2318579 COST SCHOLARSHIPS FOR TUITION AND FEES HIGHER EDUCATION EMERGENCY RELIEF FUND GRANTS 588 564058 8450 COST HIGHER EDUCATION EMERGENCY RELIEF FUND GRANTS PART I, LINE 2: IT IS THE POLICY OF GRACE CHRISTIAN UNIVERSITY TO PROCESS ALL INSTITUTIONAL FINANCIAL AWARDS THROUGH THE SCHOLARSHIP COMMITTEE WHICH CONSISTS OF THE FINANCIAL AID DIRECTOR, VICE PRESIDENT FOR BUSINESS AND FINANCE, AND VICE PRESIDENT FOR COMMUNITY LIFE AND STUDENT SERVICES. THE COMMITTEE MAY ALSO CHOOSE TO OCCASIONALLY INCLUDE OTHER PERTINENT FACULTY OR STAFF. THE UNIVERSITY HAD A SPECIFIC COMMITTEE AND OUTLINED PLAN FOR THE ALLOCATION OF HIGHER EDUCATION EMERGENCY RELIEF FUND GRANTS TO STUDENTS. THE UNIVERSITY PRIORITIZED GRANTS TO STUDENTS WITH EXCEPTIONAL NEED BY INCLUDING PELL AS A FACTOR IN A SIGNIFICANT PORTION OF THE GRANT ALLOCATION. FORM 990, PART VI, SECTION A, LINE 2 DR. KEN KEMPER (UNIVERSITY PRESIDENT) AND KEITH KEMPER (DIRECTOR) ARE BROTHERS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE UNIVERSITY'S FORM 990 IS REVIEWED AND APPROVED BY MEMBERS OF MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD PRIOR TO FINAL SUBMISSION. THE FINAL FORM 990 IS AVAILABLE TO THE FULL BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, THE UNIVERSITY PRESIDENT, MEMBERS OF SENIOR MANAGEMENT, EMPLOYEES, AND CERTAIN VOLUNTEERS ARE REQUIRED TO SIGN THE UNIVERSITY'S CONFLICT OF INTEREST STATEMENT. THE STATEMENT MUST BE KEPT ON FILE AND UPDATED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF MEMBERS OF SENIOR MANAGEMENT, INCLUDING THE UNIVERSITY PRESIDENT IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE DURING THE ANNUAL BUDGETING PROCESS. COMPARABLE DATA IS CONSIDERED; HOWEVER, BUDGETARY CONSTRAINTS GENERALLY DICTATE A LIMIT TO COMPENSATION LEVELS. THE RESULTS OF THIS PROCESS ARE DOCUMENTED AND MAINTAINED IN THE PERSONNEL FILES OF THE RESPECTIVE EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO INTERESTED PARTIES UPON REQUEST. FORM 990, PART IX, LINE 24E BOOKS: PROGRAM SERVICE EXPENSES 171,060. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 171,060. SPORTS: PROGRAM SERVICE EXPENSES 157,391. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 157,391. CLASS FEES: PROGRAM SERVICE EXPENSES 152,792. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 152,792. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 106,555. MANAGEMENT AND GENERAL EXPENSES 40,342. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 146,897. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 90,602. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 90,602. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 74,620. MANAGEMENT AND GENERAL EXPENSES 4,595. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,215. VEHICLES: PROGRAM SERVICE EXPENSES 17,250. MANAGEMENT AND GENERAL EXPENSES 38,090. FUNDRAISING EXPENSES 580. TOTAL EXPENSES 55,920. TEACHING EXPENSE: PROGRAM SERVICE EXPENSES 51,289. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,289. COMMUNITY SERVICE: PROGRAM SERVICE EXPENSES 13,163. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 32,123. TOTAL EXPENSES 45,286. ACCREDITATION EXPENSE: PROGRAM SERVICE EXPENSES 30,911. MANAGEMENT AND GENERAL EXPENSES 4,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,911. MARKETING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30,702. FUNDRAISING EXPENSES 3,493. TOTAL EXPENSES 34,195. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 23,760. MANAGEMENT AND GENERAL EXPENSES 3,918. FUNDRAISING EXPENSES 1,923. TOTAL EXPENSES 29,601. MEALS: PROGRAM SERVICE EXPENSES 22,695. MANAGEMENT AND GENERAL EXPENSES 4,196. FUNDRAISING EXPENSES 590. TOTAL EXPENSES 27,481. EVENTS: PROGRAM SERVICE EXPENSES 9,062. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 13,401. TOTAL EXPENSES 22,463. POSTAGE: PROGRAM SERVICE EXPENSES 6,508. MANAGEMENT AND GENERAL EXPENSES 7,281. FUNDRAISING EXPENSES 3,069. TOTAL EXPENSES 16,858. PUBLICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 9,313. TOTAL EXPENSES 9,313. SPECIAL PROJECTS: PROGRAM SERVICE EXPENSES 6,503. MANAGEMENT AND GENERAL EXPENSES 229. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,732. LEASE & RESIDENCE HALL EXPENSES: PROGRAM SERVICE EXPENSES 4,320. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,320. GRADUATION EXPENSES: PROGRAM SERVICE EXPENSES 3,266. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,266. EQUIPMENT MAINTENANCE: PROGRAM SERVICE EXPENSES 1,899. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,290. TOTAL EXPENSES 3,189. REGISTRAR: PROGRAM SERVICE EXPENSES 2,008. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,008. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,529. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,529. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON BENEFICIAL INTEREST 9,152. PART XII, LINE 2C THE FINANCE COMMITTEE OF THE UNIVERSITY AND MEMBERS OF SENIOR MANAGEMENT ASSUME RESPONSIBILITY FOR THE ANNUAL FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT AUDIT FIRM. THERE HAVE BEEN NO CHANGES TO THIS PROCESS DURING THE CURRENT YEAR.