2025-03-01T20:53:21-06:00 2024-06-30 994260840 DOEREN MAYHEW 56 CESAR E CHAVEZ AVE SW STE 100 GRAND RAPIDS MI 49503 990 2023-07-01 381673400 GRACE CHRISTIAN UNIVERSITY GRAC 6165382330 1011 ALDON ST SW WYOMING MI 495091921 DALE DAY TREASURER 6165382330 2025-02-21 1 0 DANIELLE G PENNINGS CPA P01387560 6162355200 2025-02-21 2023 2025-03-06 01:10:19Z DR KEN KEMPER 1011 ALDON ST SW WYOMING MI 495091921 16170142 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. 17 17 358 100 0 0 2764438 1381702 12166264 11835877 61964 199556 28574 36788 15021240 13453923 2891087 2181255 0 0 6743676 7375163 0 0 794441 4729245 4524692 14364008 14081110 657232 -627187 17553262 16148081 6032239 5113043 11521023 11035038 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 4244247 10431396 INSTRUCTION - GRACE CHRISTIAN UNIVERSITY PROVIDED EDUCATIONAL SERVICES INTEGRATING ARTS, SCIENCES AND BIBLICAL/THEOLOGICAL STUDIES. 4164779 1439370 STUDENT SERVICES - SERVICES RELATED TO THE ENROLLMENT, LIBRARY AND COMMUNITY LIFE NEEDS OF STUDENTS WERE PROVIDED BY GRACE CHRISTIAN UNIVERSITY. 2181255 2181255 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. 10590281 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 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 1 358 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 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 DANIEL GOWDY VICE CHAIR 1.00 X X 0 0 0 PASTOR CALEB BEFUS DIRECTOR 1.00 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 SECRETARY 1.00 X 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 BYRAN WALKER DIRECTOR 1.00 X 0 0 0 DR KEN KEMPER PRESIDENT 40.00 X 63618 0 60415 DOUG VRIESMAN FORMER VICE PRESIDENT 40.00 X 81870 0 16594 JEFF VANDYKE VICE PRESIDENT 40.00 X 9050 0 0 154538 0 77009 0 0 0 0 0 78890 29792 1273020 1381702 TUITION AND FEES 611600 10384988 10384988 AUXILIARY ENTERPRISES 611710 1439370 1439370 SPORTING EVENTS 611710 11519 11519 11835877 120656 120656 2573126 176105 2584177 86154 -11051 89951 78900 78900 47787 78890 45888 1899 1899 MISCELLANEOUS INCOME 611710 34889 34889 34889 13453923 11870766 0 201455 X 2181255 2181255 277226 49336 160614 67276 5862493 4871776 578092 412625 125511 103216 17971 4324 718601 525163 172107 21331 391332 324907 40972 25453 8415 8415 116671 116671 300230 169379 15932 114919 290404 217501 30548 42355 240436 221201 19235 221685 202631 16032 3022 231482 231482 675976 609366 66610 RECRUITMENT 890513 883102 7411 FOOD SERVICE 226894 226894 SPORTS 217853 217853 BOOKS 170450 170450 933683 499353 338605 95725 14081110 10590281 2696388 794441 31197 32342 21825 5815 835820 592876 212820 158479 18719733 6441170 12920768 12278563 3530832 3080006 17553262 16148081 869568 540462 858607 395623 4023090 4005987 280974 170971 6032239 5113043 X 8851800 7477241 2669223 3557797 11521023 11035038 17553262 16148081 X -627187 123218 17984 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1032382 1572726 18375 2623483 1022847 9535 1032382 1097346 -74499 1022847 1018814 78532 1097346 1022661 -3847 1018814 0.12400 0.87600 1 0 235732 235732 14869215 3441213 11428002 3100033 2645944 454089 514753 354013 160740 12278563 ANNUITY CONTRACTS 12409 FINANCE LEASE OBLIGATIONS 158562 170971 X 11605860 123218 146102 -2163271 -1893951 13499811 -45888 -45888 13453923 12091845 146102 45888 191990 11899855 2181255 2181255 14081110 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 17,984. SCHOLARSHIP EXPENSE -2,181,255. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS - DIRECT EXPENSES -45,888. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS - DIRECT EXPENSES 45,888. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 2,181,255. 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. GOLF OUTING CLASSIC 41090 21890 19200 9252 3261 3943 GALA 29000 22640 6360 1500 4424 5125 127 3 56587 34360 22227 13833 1877 2546 126677 78890 47787 24585 9562 5125 6616 45888 1899 1 GRACE CHRISTIAN UNIVERSITY INSTITUTIONAL SCHOLARSHIPS 791 2181255 COST SCHOLARSHIPS FOR TUITION AND FEES 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. 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 SUPPLIES & SERVICES: PROGRAM SERVICE EXPENSES 103,804. MANAGEMENT AND GENERAL EXPENSES 31,126. FUNDRAISING EXPENSES 16,641. TOTAL EXPENSES 151,571. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 89,505. MANAGEMENT AND GENERAL EXPENSES 45,627. FUNDRAISING EXPENSES 2,810. TOTAL EXPENSES 137,942. PROVISION FOR CREDIT LOSSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 85,301. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,301. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 75,459. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,459. CLASS FEES: PROGRAM SERVICE EXPENSES 73,231. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,231. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 61,538. MANAGEMENT AND GENERAL EXPENSES 4,280. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,818. MARKETING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 32,009. FUNDRAISING EXPENSES 25,189. TOTAL EXPENSES 57,198. VEHICLE EXPENSE: PROGRAM SERVICE EXPENSES 12,663. MANAGEMENT AND GENERAL EXPENSES 40,693. FUNDRAISING EXPENSES 1,289. TOTAL EXPENSES 54,645. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 25,006. MANAGEMENT AND GENERAL EXPENSES 8,966. FUNDRAISING EXPENSES 3,931. TOTAL EXPENSES 37,903. SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 16,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 19,477. TOTAL EXPENSES 35,577. COMMUNITY SERVICE: PROGRAM SERVICE EXPENSES 17,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 15,591. TOTAL EXPENSES 33,491. ACCREDITATION: PROGRAM SERVICE EXPENSES 27,284. MANAGEMENT AND GENERAL EXPENSES 5,382. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,666. MEALS: PROGRAM SERVICE EXPENSES 20,183. MANAGEMENT AND GENERAL EXPENSES 3,658. FUNDRAISING EXPENSES 3,031. TOTAL EXPENSES 26,872. TEACHING EXPENSE: PROGRAM SERVICE EXPENSES 24,588. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,588. POSTAGE: PROGRAM SERVICE EXPENSES 4,267. MANAGEMENT AND GENERAL EXPENSES 4,011. FUNDRAISING EXPENSES 4,120. TOTAL EXPENSES 12,398. SPECIAL PROJECTS: PROGRAM SERVICE EXPENSES 7,723. MANAGEMENT AND GENERAL EXPENSES 1,398. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,121. GRADUATION EXPENSES: PROGRAM SERVICE EXPENSES 7,224. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,224. EQUIPMENT MAINTENANCE: PROGRAM SERVICE EXPENSES 5,152. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 138. TOTAL EXPENSES 5,290. PUBLICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,508. TOTAL EXPENSES 3,508. REGISTRAR: PROGRAM SERVICE EXPENSES 3,185. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,185. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 695. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 695. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON BENEFICIAL INTEREST 17,984. 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.