Grace Christian University

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

“A draft copy of the college'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 college president, members of senior management, employees, and certain volunteers are required to sign the college's conflict of interest statement. The statement must be kept on file and updated annually.”

“Compensation of members of senior management, including the college 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.”

“Supplies: program service expenses 208,388. Management and general expenses 13,746. Fundraising expenses 28,257. Total expenses 250,391. Class fees: program service expenses 167,366. Management and general expenses 0. Fundraising expenses 0. Total expenses 167,366. Sports: program service expenses 152,877. Management and general expenses 0. Fundraising expenses 0. Total expenses 152,877. Repairs & maintenance: program service expenses 56,800. Management and general expenses 45,138. Fundraising expenses 0. Total expenses 101,938. Bad debt: program service expenses 0. Management and general expenses 98,373. Fundraising expenses 0. Total expenses 98,373. Vehicles: program service expenses 28,398. Management and general expenses 39,566. Fundraising expenses 398. Total expenses 68,362. Miscellaneous: program service expenses 20,918. Management and general expenses 39,532. Fundraising expenses 51. Total expenses 60,501. Professional development: program service expenses 37,046. Management and general expenses 11,394. Fundraising expenses 628. Total expenses 49,068. Bank fees: program service expenses 0. Management and general expenses 43,500. Fundraising expenses 0. Total expenses 43,500. Residence halls expense: program service expenses 37,109. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,109. Community service: program service expenses 31,179. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,179. Events: program service expenses 27,469. Management and general expenses 0. Fundraising expenses 2,336. Total expenses 29,805. Consumable equipment: program service expenses 25,006. Management and general expenses 1,667. Fundraising expenses 321. Total expenses 26,994. Postage: program service expenses 10,537. Management and general expenses 11,301. Fundraising expenses 4,461. Total expenses 26,299. Telephone: program service expenses 17,106. Management and general expenses 4,277. Fundraising expenses 0. Total expenses 21,383. Special projects: program service expenses 0. Management and general expenses 20,326. Fundraising expenses 0. Total expenses 20,326. Graduation expenses: program service expenses 17,783. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,783. Meals: program service expenses 15,159. Management and general expenses 1,318. Fundraising expenses 670. Total expenses 17,147. Dues and subscriptions: program service expenses 0. Management and general expenses 9,814. Fundraising expenses 0. Total expenses 9,814. Publications: program service expenses 0. Management and general expenses 0. Fundraising expenses 9,761. Total expenses 9,761. Accreditation expense: program service expenses 8,970. Management and general expenses 300. Fundraising expenses 0. Total expenses 9,270. Registrar: program service expenses 5,166. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,166. Fund development: program service expenses 0. Management and general expenses 0. Fundraising expenses 2,904. Total expenses 2,904. Financial aid expense: program service expenses 287. Management and general expenses 0. Fundraising expenses 0. Total expenses 287.”

“Unrealized loss on beneficial interest -484.”

“The finance committee of the college 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.”