2024-05-10T10:30:46-05:00 2023-06-30 481195228 KELLER & OWENS LLC 10955 LOWELL AVE STE 800 OVERLAND PARK KS 66210 990 2022-07-01 731523469 FAMILY OF FAITH CHRISTIAN UNIVERSITY A CORPORATION FAMI 4052737700 PO BOX 1805 SHAWNEE OK 74802 DANIEL MATTHEWS VP OF FINANCE AND OPERATIONS 4052737700 2024-05-09 1 DANIEL MATTHEWS 999009999 1 RICH A BILI P00310364 9133383500 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR SAMUEL MATTHEWS PO BOX 1805 SHAWNEE OK 74802 1153201 0 X WWW.FAMILYOFFAITH.EDU X 1999 OK POST SECONDARY CHRISTIAN EDUCATION 13 9 34 20 0 0 105302 9294 860967 1141677 12 2063 186 167 966467 1153201 45958 64430 0 0 393128 646443 0 0 411 319102 358749 758188 1069622 208279 83579 698727 986833 7690 212217 691037 774616 FAMILY OF FAITH CHRISTIAN UNIVERSITY WAS FOUNDED BY THE DECREE OF THE HOLY SPIRIT FOR THE PURPOSE OF EDUCATING, DISCIPLING, AND TRAINING LABORERS FOR THE KINGDOM OF GOD. 0 0 800988 64430 1141844 PROVIDED STUDENTS WITH POST SECONDARY EDUCATION. 800988 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 237 0 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X THE ORGANIZATION 4052737700 30 KINVILLE SHAWNEE OK 74804 SAM MATTHEWS PRESIDENT 40.00 X X 3400 0 0 PAUL MOHABIR TRUSTEE 1.00 X 0 0 0 JAMES WILLIS TRUSTEE 1.00 X 0 0 0 JOSHUA PRASAD CHAIRMAN 1.00 X X 0 0 0 JEFF SIMMONDS TREASURER 1.00 X X 0 0 0 ANNE SADBERRY TRUSTEE 1.00 X 0 0 0 BOB BAYNARD TRUSTEE 1.00 X 0 0 0 MIKE PEDERSON VICE CHAIRMAN 1.00 X X 0 0 0 DAN SADBERRY SECRETARY 1.00 X X 0 0 0 RENEE HUGHES TRUSTEE 1.00 X 0 0 0 PAUL MARTINI TRUSTEE 1.00 X 0 0 0 DAVE HELSETH TRUSTEE 1.00 X 0 0 0 DEVIN RYAN TRUSTEE 1.00 X 0 0 0 RANDY CLARK PRESIDENT OF SEMINARY 40.00 X X 17200 0 0 ELAINE PHILLIPS PROVOST 40.00 X 40020 0 0 BONNIE CARRERA VP ACADEMIC AFFAIRS 40.00 X 36000 0 0 DANIEL MATTHEWS VP FINANCE AND OPERATIONS 40.00 X 36135 0 0 DARA GILLIAM VP STUDENTS 40.00 X 44520 0 0 THOMAS LITTEER ACADEMIC DEAN OF SEMINARY 40.00 X 39613 0 0 216888 0 0 0 0 0 0 0 9294 9294 TUITION & FEES 611310 1138883 1138883 ROOM & BOARD 611710 1922 1922 BOOK & APPAREL SALES 611310 872 872 1141677 2063 2063 MISCELLANEOUS REVENUE 611310 167 167 167 1153201 1141844 0 2063 64430 64430 241991 181493 60498 37280 27960 9320 326288 244716 81572 40884 30663 10221 15794 15794 11778 8646 3132 7348 5511 1837 64892 52819 11662 411 24721 18541 6180 20768 15576 5192 112049 85400 26649 39119 29339 9780 4885 3664 1221 STUDENT SERVICES 45672 32100 13572 ACCREDITATION 11593 11593 BAD DEBT EXPENSE 130 130 1069622 800988 268223 411 X 589873 675411 12 12 47711 63232 304383 229547 61131 74836 0 173342 698727 986833 7690 38875 0 173342 7690 212217 X 662547 759523 28490 15093 691037 774616 698727 986833 83579 0 X 0 1 X 1 0 X 33000 33000 80571 54132 26439 190812 175415 15397 74836 RIGHT OF USE ASSET 173342 173342 OPERATING LEASE LIABILITY 173342 173342 X 1399171 310400 310400 1088771 64430 64430 1153201 1315592 310400 310400 1005192 64430 64430 1069622 PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TAX ON UNRELATED BUSINESS INCOME, IF ANY. IN ADDITION, THE UNIVERSITY IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE UNIVERSITY HAS ADOPTED THE PROVISIONS OF THE FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10 AS IT MIGHT APPLY TO THE UNIVERSITY'S FINANCIAL TRANSACTIONS. THE UNIVERSITY'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION THAT IS BENEFICIAL TO THE UNIVERSITY, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO THE TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2023 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARHIPS 64,430. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARHIPS 64,430. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THROUGH ALL FORMS OF MEDIA USED BY THE ORGANIZATION. SCHEDULE E, PART I, LINE 6 FUNDS WERE RECEIVED FOR STUDENT FINANCIAL AID FOR STUDENTS FROM GOVERNMENT PROGRAMS AND GRANTS. 1 TUITION ASSISTANCE FOR STUDENTS 17 64430 FMV OF TUITION SCHOLARSHIPS TO STUDENTS PART I, LINE 2: THE ORGANIZATION GAVE NONCASH TUITION REDUCTION SCHOLARSHIPS. THE ORGANIZATION HAS SET CRITERIA FOR SCHOLARSHIP RECIPIENTS. DANIEL MATTHEWS FAMILY RELATIONSHIP WITH SAMUEL MATTHEWS 38678 COMPENSATION FOR SERVICES 0 RYAN SADBERRY FAMILY RELATIONSHIP WITH DAN AND ANNE SADBERRY 24780 COMPENSATION FOR SERVICES 0 JOHN PHILLIPS FAMILY RELATIONSHIP WITH ELAINE PHILLIPS 12500 COMPENSATION FOR SERVICES 0 FORM 990, PART VI, SECTION A, LINE 2 DR. SAM MATTHEWS AND DANIEL MATTHEWS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 2 DAN SADBERRY AND ANNE SADBERRY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE THE FINISHED FORM 990 IS DISTRIBUTED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO IT BEING FILED WITH THE IRS. THE ADMINISTRATIVE CABINET, PRESIDENT, AND FINANCE COMMITTEE REVIEW AND APPROVE THE FORM PRIOR TO IT BEING SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REGULARLY REMINDED OF THE CONFLICT OF INTEREST POLICY AND ASKED TO ROUTINELY UPDATE THEIR POTENTIAL CONFLICTS AND REFRAIN FROM DISCUSSIONS AND/OR VOTING ON RELATED MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE ORGANIZATION IS SUBJECT TO ANNUAL EVALUATIONS PERFORMED BY THE BOARD OF TRUSTEES IN WHICH THEIR PERFORMANCE IS LOOKED AT AND THE INDIVIDUAL MUST BE REHIRED IF THE RESULT IS FAVORABLE. AT THIS TIME THE COMPENSATION AMOUNTS AND DETAILS ARE REVIEWED AND DETERMINED WITH THE AID OF COMPENSATION SURVEYS FOR THE INDUSTRY AND THE REVISED EMPLOYMENT CONTRACT FOR THE PRESIDENT'S POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.