Grace Christian University

“Dr. Ken kemper (university president) and keith kemper (director) are brothers.”

“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.”

“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.”

“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.”

“Governing documents, policies and financial statements are available to interested parties upon request.”

“Food service: program service expenses 213,692. Management and general expenses 0. Fundraising expenses 0. Total expenses 213,692. Miscellaneous: program service expenses 112,837. Management and general expenses 67,263. Fundraising expenses 2,083. Total expenses 182,183. Supplies & services: program service expenses 149,498. Management and general expenses 20,560. Fundraising expenses 10,452. Total expenses 180,510. Vehicle expense: program service expenses 18,790. Management and general expenses 62,450. Fundraising expenses 168. Total expenses 81,408. Repairs & maintenance: program service expenses 73,276. Management and general expenses 5,571. Fundraising expenses 0. Total expenses 78,847. Marketing: program service expenses 0. Management and general expenses 18,356. Fundraising expenses 41,977. Total expenses 60,333. Accreditation: program service expenses 43,328. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,328. Bank fees: program service expenses 0. Management and general expenses 43,304. Fundraising expenses 0. Total expenses 43,304. Professional development: program service expenses 32,211. Management and general expenses 2,513. Fundraising expenses 6,426. Total expenses 41,150. Teaching expense: program service expenses 39,218. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,218. Special events: program service expenses 21,335. Management and general expenses 0. Fundraising expenses 13,467. Total expenses 34,802. Class fees: program service expenses 31,721. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,721. Postage: program service expenses 3,850. Management and general expenses 8,442. Fundraising expenses 3,068. Total expenses 15,360. Special projects: program service expenses 10,410. Management and general expenses 562. Fundraising expenses 0. Total expenses 10,972. Graduation expenses: program service expenses 3,757. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,757. Publications: program service expenses 0. Management and general expenses 0. Fundraising expenses 3,598. Total expenses 3,598. Meals: program service expenses 2,334. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,334. Consumable equipment: program service expenses 1,978. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,978. Community service: program service expenses 1,661. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,661. Registrar: program service expenses 1,077. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,077. Dues and subscriptions: program service expenses 0. Management and general expenses 769. Fundraising expenses 0. Total expenses 769.”

“Unrealized gain on beneficial interest 19,196.”

“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.”