Grace Christian University
- Assets
- $16.1m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 342
- Location
- Wyoming, MI
- Founding
- 08/1964
- Data as of
- 06/2022
- EIN
- 38-1673400
Organization Overview
Grace Christian University is located in Wyoming, MI. The organization was established in 1964. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Grace Christian University employed 342 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Christian University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Grace Christian University generated $16.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $15.4m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
INSTRUCTION - GRACE CHRISTIAN UNIVERSITY PROVIDED EDUCATIONAL SERVICES INTEGRATING ARTS, SCIENCES AND BIBLICAL/THEOLOGICAL STUDIES.
STUDENT SERVICES - SERVICES RELATED TO THE ENROLLMENT, LIBRARY AND COMMUNITY LIFE NEEDS OF STUDENTS WERE PROVIDED BY GRACE CHRISTIAN UNIVERSITY.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Zandbergen Treasurer | OfficerTrustee | 1 | $0 |
Keith Kemper Director | Trustee | 1 | $0 |
James Moore Director | Trustee | 1 | $0 |
Dr Sam Vinton Director | Trustee | 1 | $2,933 |
Dr James Webb Director | Trustee | 1 | $0 |
Pastor Tim Hall Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Education Management Services Curriculum Development | 6/29/16 | $227,458 |
Empowerment Coaching Network Llc Coaching & Consulting | 6/29/16 | $147,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $110,168 |
| Related organizations | $0 |
| Government grants | $2,679,956 |
| All other contributions, gifts, grants, and similar amounts not included above | $971,060 |
| Noncash contributions included in lines 1a–1f | $99,084 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,761,184 |
| Total Program Service Revenue | $12,295,407 |
| Investment income | $89,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $188,645 |
| Net Income from Fundraising Events | -$2,431 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,344,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,467,479 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $233,694 |
| Compensation of current officers, directors, key employees. | $130,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,598,119 |
| Pension plan accruals and contributions | $106,581 |
| Other employee benefits | $694,160 |
| Payroll taxes | $344,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,841 |
| Fees for services: Accounting | $46,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,009 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $254,507 |
| Royalties | $0 |
| Occupancy | $206,192 |
| Travel | $211,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470,033 |
| Insurance | $0 |
| All other expenses | $1,223,588 |
| Total functional expenses | $15,372,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $132,825 |
| Accounts receivable, net | $833,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $186,399 |
| Net Land, buildings, and equipment | $11,850,047 |
| Investments—publicly traded securities | $2,559,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,098,698 |
| Accounts payable and accrued expenses | $1,810,564 |
| Grants payable | $0 |
| Deferred revenue | $548,491 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,890,402 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $101,377 |
| Total liabilities | $5,350,834 |
| Net assets without donor restrictions | $7,908,885 |
| Net assets with donor restrictions | $2,838,979 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,098,698 |