Graceland College Center For Prof Dev & Lifelong Learning Inc
- Assets
- $16.4m
- Revenue
- $21.1m
- Investments
- $0.0
- Employees
- 125
- Location
- Mission, KS
- Founding
- 11/1994
- Data as of
- 05/2023
- EIN
- 43-1685651
Organization Overview
Graceland College Center For Prof Dev & Lifelong Learning Inc is located in Mission, KS. The organization was established in 1994. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 05/2023, Graceland College Center For Prof Dev & Lifelong Learning Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graceland College Center For Prof Dev & Lifelong Learning Inc 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 05/2023, Graceland College Center For Prof Dev & Lifelong Learning Inc generated $21.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $22.2m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIFELONG PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION FOR ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRESENTED APPROXIMATELY 7,474 SEMINARS TO PARTICIPANTS FOR CONTINUING EDUCATION AND PROFESSIONAL AND PERSONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Draves Board Member | Trustee | 3.5 | $0 |
David Siddall Board Member | Trustee | 11 | $0 |
Bob Ackerley Chairman | Trustee | 10 | $0 |
Sam Smalldon Board Member | Trustee | 3 | $0 |
Joel Shrock Board Member | Trustee | 2 | $0 |
Ryan Watson Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laura L Fallbach Sales | 5/30/23 | $176,391 |
Raymond Paul Santerini Training | 5/30/23 | $129,915 |
Marianne Roesler Training | 5/30/23 | $101,210 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,027,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,027,000 |
| Total Program Service Revenue | $18,265,061 |
| Investment income | $54,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,994 |
| Net Gain/Loss on Asset Sales | -$14,010 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $797,276 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,145,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,008,072 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,784,484 |
| Compensation of current officers, directors, key employees. | $1,043,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,638,784 |
| Pension plan accruals and contributions | $142,027 |
| Other employee benefits | $1,878,989 |
| Payroll taxes | $625,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,668 |
| Fees for services: Accounting | $81,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,149 |
| Advertising and promotion | $936,123 |
| Office expenses | $49,276 |
| Information technology | $1,206,046 |
| Royalties | $0 |
| Occupancy | $238,203 |
| Travel | $35,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,671,596 |
| Interest | $33,421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $695,735 |
| Insurance | $99,991 |
| All other expenses | $0 |
| Total functional expenses | $22,192,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,392,946 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,262,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $161,104 |
| Prepaid expenses and deferred charges | $580,313 |
| Net Land, buildings, and equipment | $9,941,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $749,262 |
| Other assets | $1,304,615 |
| Total assets | $16,392,483 |
| Accounts payable and accrued expenses | $2,328,674 |
| Grants payable | $0 |
| Deferred revenue | $3,285,128 |
| 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 | $1,131,037 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,744,839 |
| Net assets without donor restrictions | $9,647,644 |
| Net assets with donor restrictions | $0 |
| 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 | $16,392,483 |