Grace Christian University

“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.”

“Books: program service expenses 258,805. Management and general expenses 0. Fundraising expenses 0. Total expenses 258,805. Bad debt: program service expenses 0. Management and general expenses 202,732. Fundraising expenses 0. Total expenses 202,732. Supplies: program service expenses 111,918. Management and general expenses 51,831. Fundraising expenses 22,540. Total expenses 186,289. Sports: program service expenses 152,379. Management and general expenses 0. Fundraising expenses 0. Total expenses 152,379. Class fees: program service expenses 120,092. Management and general expenses 0. Fundraising expenses 0. Total expenses 120,092. Repairs & maintenance: program service expenses 17,565. Management and general expenses 75,365. Fundraising expenses 0. Total expenses 92,930. Bank fees: program service expenses 0. Management and general expenses 77,083. Fundraising expenses 0. Total expenses 77,083. Vehicles: program service expenses 40,787. Management and general expenses 31,690. Fundraising expenses 162. Total expenses 72,639. Teaching expense: program service expenses 50,271. Management and general expenses 5,963. Fundraising expenses 787. Total expenses 57,021. Community service: program service expenses 36,836. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,836. Residence halls expense: program service expenses 36,395. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,395. Telephone: program service expenses 20,372. Management and general expenses 4,173. Fundraising expenses 0. Total expenses 24,545. Miscellaneous: program service expenses 0. Management and general expenses 20,839. Fundraising expenses 2,787. Total expenses 23,626. Professional development: program service expenses 13,450. Management and general expenses 8,812. Fundraising expenses 550. Total expenses 22,812. Dues and subscriptions: program service expenses 0. Management and general expenses 22,560. Fundraising expenses 0. Total expenses 22,560. Meals: program service expenses 17,510. Management and general expenses 1,625. Fundraising expenses 1,766. Total expenses 20,901. Postage: program service expenses 7,054. Management and general expenses 8,443. Fundraising expenses 3,033. Total expenses 18,530. Events: program service expenses 17,574. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,574. Publications: program service expenses 150. Management and general expenses 0. Fundraising expenses 13,325. Total expenses 13,475. Accreditation expense: program service expenses 7,316. Management and general expenses 4,500. Fundraising expenses 0. Total expenses 11,816. Consumable equipment: program service expenses 7,113. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,113. Registrar: program service expenses 6,379. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,379. Graduation expenses: program service expenses 1,255. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,255.”

“Unrealized loss on beneficial interest -3,873.”

“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.”