Civic Intelligence

Grace University

990 • Fiscal year 2014 • EIN 47-0384159

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

Organization ProfileWWW.GRACEU.EDU

View Organization Page

1311 South 9th Street68108-3629

(402) 449-2800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.33x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.43x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

15th percentile

-8.9%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

51st percentile

$174,844

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

14th percentile

-5.0%

Faster asset growth than 14% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

86th percentile

36%

Faster revenue growth than 86% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$15,757,612

Down $822,941 (-5.0%) from 2013

Net Assets

Down

$10,479,177

Down $1,462,817 (-12%) from 2013

Liabilities

Up

$5,278,435

Up $639,876 (+14%) from 2013

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin15th percentile

Revenue

Up

$12,325,038

Up $3,284,156 (+36%) from 2013

Expenses

Up

$13,417,142

Up $3,183,740 (+31%) from 2013

Net Income

Up

-$1,092,104

Up $100,416 (+8.4%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $16,468,323Liabilities 2010: $4,101,614Net Assets 2010: $12,366,7092010Assets 2011: $16,361,041Liabilities 2011: $3,961,966Net Assets 2011: $12,399,0752011Assets 2012: $16,723,405Liabilities 2012: $3,747,333Net Assets 2012: $12,976,0722012Assets 2013: $16,580,553Liabilities 2013: $4,638,559Net Assets 2013: $11,941,9942013Assets 2014: $15,757,612Liabilities 2014: $5,278,435Net Assets 2014: $10,479,1772014Assets 2015: $13,927,239Liabilities 2015: $5,648,537Net Assets 2015: $8,278,7022015Assets 2016: $11,838,922Liabilities 2016: $4,790,852Net Assets 2016: $7,048,0702016Assets 2017: $6,686,684Liabilities 2017: $1,244,440Net Assets 2017: $5,442,2442017Assets 2018: $4,373,093Liabilities 2018: $717,360Net Assets 2018: $3,655,7332018Assets 2019: $5,102,543Liabilities 2019: $1,269,864Net Assets 2019: $3,832,6792019Assets 2020: $3,680,521Liabilities 2020: $438,495Net Assets 2020: $3,242,0262020Assets 2021: $1,715,138Liabilities 2021: $0Net Assets 2021: $1,715,1382021

Highlighted filing

2014

Assets$15,757,612
Liabilities$5,278,435
Net Assets$10,479,177
Open 2014 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,054,8432010Expenses 2011: $9,475,9572011Expenses 2012: $9,687,4972012Revenue 2013: $9,040,882Expenses 2013: $10,233,402Net Income 2013: -$1,192,5202013Revenue 2014: $12,325,038Expenses 2014: $13,417,142Net Income 2014: -$1,092,1042014Revenue 2015: $11,380,324Expenses 2015: $13,473,545Net Income 2015: -$2,093,2212015Revenue 2016: $11,982,411Expenses 2016: $13,096,517Net Income 2016: -$1,114,1062016Revenue 2017: $7,424,125Expenses 2017: $9,035,363Net Income 2017: -$1,611,2382017Revenue 2018: $5,583,064Expenses 2018: $7,380,021Net Income 2018: -$1,796,9572018Revenue 2019: $180,031Expenses 2019: $180,031Net Income 2019: $02019Revenue 2020: $47,219Expenses 2020: $237,892Net Income 2020: -$190,6732020Revenue 2021: $14,095Expenses 2021: $1,540,983Net Income 2021: -$1,526,8882021

Highlighted filing

2014

Revenue$12,325,038
Expenses$13,417,142
Net Income-$1,092,104
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$14,665,466
Mission and Program Overview

Mission

Grace university exists to develop servant leaders for the home, the church, and the world through excellence in biblically-integrated education and through life change in a personal, discipling environment, all for the glory of god.

Grace university exists to develop leaders for the home, the church, and the world through excellence in biblically-integrated education and through life change in a personal, discipling environment, all for the glory of god.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,574,304$11,215,575▼ $358,729
Savings and Temporary Cash Investments$320,539$1,787,557▲ $1,467,018
Investments in Publicly Traded Securities$3,582,167$1,591,740▼ $1,990,427
Prepaid Expenses and Deferred Charges$294,178$286,693▼ $7,485
Accounts Receivable$163,678$220,775▲ $57,097
Total Assets$16,580,553$15,757,612▼ $822,941
Other Assets Total$645,687$655,272▲ $9,585
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,429,090$3,997,271▲ $568,181
Other Liabilities$562,424$537,862▼ $24,562
Unsecured Notes Loans Payable$294,000$294,000→ $0
Accounts Payable and Accrued Expenses$174,210$277,880▲ $103,670
Deferred Revenue$178,835$171,422▼ $7,413
Total Liabilities$4,638,559$5,278,435▲ $639,876
Net Assets / Fund Balance
Unrestricted Net Assets$8,232,984$6,281,875▼ $1,951,109
Temporarily Rstr Net Assets$1,787,379$2,242,133▲ $454,754
Permanently Rstr Net Assets$1,921,631$1,955,169▲ $33,538
Total Net Assets Fund Balance$11,941,994$10,479,177▼ $1,462,817
Total Liabilities and Net Assets / Fund Balance$16,580,553$15,757,612▼ $822,941

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,216,918$6,784,137$16,001,055
Equipment$478,428$2,829,417$3,307,845
Land$1,311,564-$1,311,564
Other Land Buildings$208,665$529,277$737,942

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$2,218,324$33,538▲ $298,673-$2,497,879
2012$2,042,799$3,566▲ $232,090-$2,218,324
2011$1,771,823$238,032▲ $76,616-$2,042,799
2010$1,528,631$12,311▲ $251,381-$1,771,823
2009$1,166,894$281,600▲ $128,783-$1,528,631
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David BarnesPresident of GraceFT$155,000$19,844$174,844
Thad BosleySpecial Assistant to the PresidentFT$120,000-$120,000
Meredith SeamanVP of AdvancementFT$73,593$8,100$81,693
John HolmesVP of Academic AffairsFT$55,000$13,886$68,886
Deb OsmansonStudent Services DeanFT$57,000$2,496$59,496
Christopher PruittDean of Enrollment MngtFT$52,000$6,515$58,515
Anita RodriguezDirector of FinanceFT$52,000$5,900$57,900
Jim SantoroDean, College of Professional & Graduate StudiesFT$54,060-$54,060

Board Members and Trustees

NameTitle
Mike WhealyChair
Doug Troupe1st Vice Chair
Rev Carlon Tschetter2nd Vice Chair
Andrew SigersonBoard Member
Ann KelleherBoard Member
Curt HoferBoard Member
Dr Kay ShillingBoard Member
Eric TompkinsBoard Member
Michael GodingBoard Member
Monica MorrisonBoard Member
Rev David ReimerBoard Member
Rev Dr Selwyn BachusBoard Member
Grace LongleySecretary
Jerry PetersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,799,932
Program Service Revenue
$9,405,251
Investment Income
$805,343
Other Revenue
$314,512
All Other Contributions
$1,799,932
Change in Net Assets
$-1,092,104

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$63,555Fair Value
Other Non Cash Contri Table3$26,800Fair Value
Other Non Cash Contri Table2$12,259Fair Value
Books and Publications-$4,255Fair Value
Clothing and Household Goods-$2,633Fair Value
Other Non Cash Contri Table11$1,164Fair Value
Food Inventory1$490Fair Value
Total Noncash Contributions23$111,156-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,009,825
Revenue Not Reported on Financial Statements
$4,315,213
Revenue Not Reported on Form 990
$-177,266
Other Revenue Adjustments
$4,315,213
Total Revenue per Audited Statements
$7,832,559
Total Revenue per Form 990
$12,325,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,611,113
Grants and Similar Amounts Paid$4,403,935
Other Expenses$4,402,094
Total Fundraising Expense$466,393
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$4,403,935--$4,403,935
Other Salaries and Wages$2,452,470$538,980$197,234$3,188,684
Fees for Services Other$856,285$200,277$51,980$1,108,542
Depreciation Depletion$337,582$337,582-$675,164
Current Officers, Directors, Trustees, and Key Employees$198,274$256,505$163,874$618,653
Other Employee Benefits$229,230$229,230-$458,460
Office Expenses$396,936$13,810$6,280$417,026
Travel$303,994$22,148$8,047$334,189
Payroll Taxes$127,259$127,259-$254,518
Advertising$95,144$58,335$7,830$161,309
Interest$70,048$70,048-$140,096
Insurance$98,490$18,260-$116,750
Pension Plan Contributions$45,399$45,399-$90,798
All Other Expenses$31,886$9,635$7,579$49,100
Conferences and Meetings$43,360$822$76$44,258
Other Expenses$18,138$17,087$12,143$35,225
Fees for Service Investment Mgmnt Fees$24,904--$24,904
Total Functional Expenses$10,877,177$2,073,572$466,393$13,417,142

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,417,142
Total Expenses per Audited Statements$9,295,376
Expenses per Audited Statements$9,101,929
Expenses Not Reported on Financial Statements$4,315,213
Other Expense Adjustments$4,315,213
Expenses Not Reported on Form 990$193,447
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,675
Fundraising Direct Expenses$21,176
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$20,285$20,285$13,362$6,923
Event 1$12,390$12,390$7,814$4,576
Total Events$32,675$32,675$21,176$11,499
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$470,999
Student Deposits$66,863

Bond Issues

BondIssuerIssuedIssue PricePurpose
A52-12939532010-12-23$2,900,000Refund prior issue (2/24/99)

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,900,000$2,900,000--

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The university's academic dean, john holmes, is a brother-in-law of one of the university trustees, curt hofer.”

Form 990, Part VI, Section A, Line 8B

“Grace university does not have any formal committees whereas the committee has the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11

“Grace university's form 990 is reviewed by the chief financial officer of the institution. Management and board do not consider it necessary to be reviewed by the board prior to the filing. A filed copy is provided to the board president and treasurer.”

Form 990, Part VI, Section B, Line 12C

“The board annually reviews and signs a conflict disclosure statement.”

Form 990, Part VI, Section C, Line 19

“Grace university does not make their governing documents, conflict of interest policy, or financial statements available to the public.”

Filing and Contact Details

Filer

EIN
47-0384159
Phone
4024492800

Signing Officer

Name
David Barnes
Title
President
Phone
4024492800
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr David Barnes
Formed
1943
Legal Domicile
Ne
Voting Board Members
13
Independent Board Members
13
Employees
294
Volunteers
0

Preparer

Preparer
Gene G Garrelts CPA Cfp
Phone
4023307008
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The university did not make any changes to either their oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The university has been classified as an organization other than a private foundation and is exempt from income taxes under section 501(c)(3) of the internal revenue code as an organization organized and operated exclusively for religious purposes. The university has adopted an accounting for uncertainty in income taxes policy. As a result of the annual evaluation under the policy, management has determined that there were no unrecognized tax benefits or liabilities as of june 30, 2014. The university files information returns in the united states federal jurisdiction. With few exceptions, the university is no longer subject to u.s. Federal or state income tax examinations by taxing authorities for tax years ended before june 30, 2010.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Reclass fundraising event expenses reclass rental expenses”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Reclass scholarships and grants reclass investment fees”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reclass fundraising event expenses reclass rental expenses”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Reclass scholarships and grants reclass investment fees”

Part XII Line 4B and Part XIII Line 4B

“Part xii line 4b and part xiii line 4b are made up of a flow through scholarship and grant amount that is not included on the financial statements.”

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt218100
IRS990/Form990PartVIISectionAGrp/PersonNm0REV DR SELWYN BACHUS
IRS990/Form990PartVIISectionAGrp/PersonNm1CURT HOFER
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL GODING
IRS990/Form990PartVIISectionAGrp/PersonNm3MONICA MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm4REV DAVID REIMER
IRS990/Form990PartVIISectionAGrp/PersonNm5DR KAY SHILLING
IRS990/Form990PartVIISectionAGrp/PersonNm6ANN KELLEHER
IRS990/Form990PartVIISectionAGrp/PersonNm7ANDREW SIGERSON
IRS990/Form990PartVIISectionAGrp/PersonNm8ERIC TOMPKINS
IRS990/Form990PartVIISectionAGrp/PersonNm9GRACE LONGLEY
IRS990/Form990PartVIISectionAGrp/PersonNm10JERRY PETERS
IRS990/Form990PartVIISectionAGrp/PersonNm11REV CARLON TSCHETTER
IRS990/Form990PartVIISectionAGrp/PersonNm12DOUG TROUPE
IRS990/Form990PartVIISectionAGrp/PersonNm13MIKE WHEALY
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN HOLMES
IRS990/Form990PartVIISectionAGrp/PersonNm15DEB OSMANSON
IRS990/Form990PartVIISectionAGrp/PersonNm16ANITA RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm17CHRISTOPHER PRUITT
IRS990/Form990PartVIISectionAGrp/PersonNm18DAVID BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm19THAD BOSLEY
IRS990/Form990PartVIISectionAGrp/PersonNm20JIM SANTORO
IRS990/Form990PartVIISectionAGrp/PersonNm21MEREDITH SEAMAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1455000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1557000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1652000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1752000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18155000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19120000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2054060
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2173593
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt112ND VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt121ST VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF ACADEMIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt15STUDENT SERVICES DEAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt17DEAN OF ENROLLMENT MNGT
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT OF GRACE
IRS990/Form990PartVIISectionAGrp/TitleTxt19SPECIAL ASSISTANT TO THE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20DEAN, COLLEGE OF PROFESSIONAL & GRADUATE STUDIES
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OF ADVANCEMENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01943
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt021176
IRS990/FundraisingGrossIncomeAmt032675
IRS990/GainOrLossGrp/SecuritiesAmt0720501
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt04403935
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt04403935
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt04403935
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02867482
IRS990/GrossReceiptsAmt014665466
IRS990/GrossRentsGrp/RealAmt0475284
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt018260
IRS990/InsuranceGrp/ProgramServicesAmt098490
IRS990/InsuranceGrp/TotalAmt0116750
IRS990/InterestGrp/ManagementAndGeneralAmt070048
IRS990/InterestGrp/ProgramServicesAmt070048
IRS990/InterestGrp/TotalAmt0140096
IRS990/InvestmentIncomeGrp/ExclusionAmt084842
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt084842
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03582167
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01591740
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt043
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010142831
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011574304
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011215575
IRS990/LandBldgEquipCostOrOtherBssAmt021358406
IRS990/LegalDomicileStateCd0NE
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02146981
IRS990/LessRentalExpensesGrp/RealAmt0172271
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GRACE UNIVERSITY EXISTS TO DEVELOP SERVANT LEADERS FOR THE HOME, THE CHURCH, AND THE WORLD THROUGH EXCELLENCE IN BIBLICALLY-INTEGRATED EDUCATION AND THROUGH LIFE CHANGE IN A PERSONAL, DISCIPLING ENVIRONMENT, ALL FOR THE GLORY OF GOD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03429090
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03997271
IRS990/NetAssetsOrFundBalancesBOYAmt011941994
IRS990/NetAssetsOrFundBalancesEOYAmt010479177
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0720501
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0720501
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011499
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011499
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0303013
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0303013
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-370713
IRS990/NoncashContributionsAmt0111156
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt06280
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013810
IRS990/OfficeExpensesGrp/ProgramServicesAmt0396936
IRS990/OfficeExpensesGrp/TotalAmt0417026
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0645687
IRS990/OtherAssetsTotalGrp/EOYAmt0655272
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0229230
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0229230
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0458460
IRS990/OtherExpensesGrp/Desc0SERVICE CONTRACTS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3LICENSES & PERMITS
IRS990/OtherExpensesGrp/FundraisingAmt011350
IRS990/OtherExpensesGrp/FundraisingAmt112143
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt065560
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt130617
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt232018
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt317087
IRS990/OtherExpensesGrp/ProgramServicesAmt0691876
IRS990/OtherExpensesGrp/ProgramServicesAmt1316084
IRS990/OtherExpensesGrp/ProgramServicesAmt2135883
IRS990/OtherExpensesGrp/ProgramServicesAmt318138
IRS990/OtherExpensesGrp/TotalAmt0768786
IRS990/OtherExpensesGrp/TotalAmt1346701
IRS990/OtherExpensesGrp/TotalAmt2180044
IRS990/OtherExpensesGrp/TotalAmt335225
IRS990/OtherLiabilitiesGrp/BOYAmt0562424
IRS990/OtherLiabilitiesGrp/EOYAmt0537862
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0197234
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0538980
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02452470
IRS990/OtherSalariesAndWagesGrp/TotalAmt03188684
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0127259
IRS990/PayrollTaxesGrp/ProgramServicesAmt0127259
IRS990/PayrollTaxesGrp/TotalAmt0254518
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt045399
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt045399
IRS990/PensionPlanContributionsGrp/TotalAmt090798
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01921631
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01955169
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0294178
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0286693
IRS990/PrincipalOfficerNm0DR DAVID BARNES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611310
IRS990/ProgramServiceRevenueGrp/BusinessCd1611310
IRS990/ProgramServiceRevenueGrp/BusinessCd2611310
IRS990/ProgramServiceRevenueGrp/BusinessCd3611310
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT LODGING
IRS990/ProgramServiceRevenueGrp/Desc3EDUCATION DEPARTMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07516466
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1880689
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2770969
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt329750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07516466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1880689
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2770969
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt329750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01215920
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02830385
IRS990/PYInvestmentIncomeAmt0197040
IRS990/PYOtherExpensesAmt03497571
IRS990/PYOtherRevenueAmt0352200
IRS990/PYProgramServiceRevenueAmt07275722
IRS990/PYRevenuesLessExpensesAmt0-1192520

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,757,612
Liabilities
$5,278,435
Net assets
$10,479,177
Revenue
$12,325,038
Expenses
$13,417,142
Net income
-$1,092,104
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.01$1.54$1.53
2020Detailed filing. Detailed filing data is available for this year.$3.68$0.44$3.24$0.05$0.24$0.19
2019Detailed filing. Detailed filing data is available for this year.$5.10$1.27$3.83$0.18$0.18$0.00
2018Detailed filing. Detailed filing data is available for this year.$4.37$0.72$3.66$5.58$7.38$1.80
2017Detailed filing. Detailed filing data is available for this year.$6.69$1.24$5.44$7.42$9.04$1.61
2016Detailed filing. Detailed filing data is available for this year.$11.8$4.79$7.05$12.0$13.1$1.11
2015Detailed filing. Detailed filing data is available for this year.$13.9$5.65$8.28$11.4$13.5$2.09
2014Detailed filing. Detailed filing data is available for this year.$15.8$5.28$10.5$12.3$13.4$1.09
2013Summary only. Only limited summary data is available for this year.$16.6$4.64$11.9$9.04$10.2$1.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$3.75$13.0$9.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$3.96$12.4$9.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$4.10$12.4$9.05