Kentucky Christian University Inc
- Assets
- $38.6m
- Revenue
- $22.2m
- Investments
- $9.1m
- Employees
- 420
- Location
- Grayson, KY
- Founding
- 06/1955
- Data as of
- 05/2022
- EIN
- 61-0510937
Organization Overview
Kentucky Christian University Inc is located in Grayson, KY. The organization was established in 1955. As of 05/2022, Kentucky Christian University Inc employed 420 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Christian University 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 05/2022, Kentucky Christian University Inc generated $22.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $19.7m during the year ending 05/2022. While expenses have increased by 3.1% per year over the past 7 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
HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS.
Describe the Organization's Program Activity:
FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. APPROXIMATELY 450 FULL-TIME EQUIVALENT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Allcorn President And Trustee | OfficerTrustee | 40 | $111,567 |
Kevin Pickett Chair And Trustee | OfficerTrustee | 1 | $0 |
Barry Taylor Secretary And Trustee | OfficerTrustee | 1 | $0 |
Jon Glista Vice Chair And Trustee | OfficerTrustee | 1 | $0 |
Diane Mansfield Treasurer And Trustee | OfficerTrustee | 1 | $0 |
Jerry Sanders Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Foodservice | 5/30/21 | $835,230 |
Fire Engine Red Enrollment Management | 5/30/21 | $128,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,297,784 |
| Noncash contributions included in lines 1a–1f | $169,603 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,297,784 |
| Total Program Service Revenue | $18,723,364 |
| Investment income | $186,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,103 |
| Net Rental Income | $21,693 |
| Net Gain/Loss on Asset Sales | -$53,913 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$105,379 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,232,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,872,205 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,517 |
| Compensation of current officers, directors, key employees. | $86,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,143,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $257,326 |
| Payroll taxes | $355,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,644 |
| Fees for services: Accounting | $63,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,563 |
| Fees for services: Other | $1,435,802 |
| Advertising and promotion | $5,998 |
| Office expenses | $91,848 |
| Information technology | $100,313 |
| Royalties | $0 |
| Occupancy | $823,126 |
| Travel | $456,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $197,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,217,872 |
| Insurance | $215,372 |
| All other expenses | $376,843 |
| Total functional expenses | $19,726,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,233,884 |
| Savings and temporary cash investments | $1,635,669 |
| Pledges and grants receivable | $318,940 |
| Accounts receivable, net | $32,565 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,762 |
| Prepaid expenses and deferred charges | $141,518 |
| Net Land, buildings, and equipment | $17,697,353 |
| Investments—publicly traded securities | $4,893,016 |
| Investments—other securities | $9,088,486 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,456,328 |
| Total assets | $38,563,521 |
| Accounts payable and accrued expenses | $444,824 |
| Grants payable | $0 |
| Deferred revenue | $791,713 |
| 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 | $4,059,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,719,492 |
| Total liabilities | $7,015,731 |
| Net assets without donor restrictions | $19,660,979 |
| Net assets with donor restrictions | $11,886,811 |
| 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 | $38,563,521 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kentucky Christian University Inc has recieved totaling $4,150.
| Awarding Organization | Amount |
|---|---|
Matthew 28 18-20 Charitable Foundation South Bend, IN PURPOSE: GENERAL SUPPORT | $4,150 |
Endowment Analysis
| Beg. Balance | $12,013,532 |
| Earnings | -$495,796 |
| Net Contributions | $239,153 |
| Grants | $375,441 |
| Ending Balance | $11,381,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Christian University Inc Grayson, KY | $38,563,521 | $22,232,558 |
Cincinnati Christian University Cincinnati, OH | $12,055,112 | $8,194,784 |
Eden Theological Seminary Webster Groves, MO | $30,107,980 | $3,814,121 |
C S Lewis Institute Inc Springfield, VA | $1,257,084 | $1,763,570 |
Tyndale Theological Seminary Inc Fka Tyndale International Mission Wheaton, IL | $1,567,873 | $1,350,538 |
University Christian Ministries Inc Charlottesville, VA | $8,351,732 | $3,362,822 |
Cornerstone College Of Virginia Fredericksburg, VA | $442,779 | $377,765 |
Rappahannock Westminster Canterbury Foundation Irvington, VA | $10,825,083 | $1,146,003 |
Biblical Theological Seminary Of Poland Memphis, TN | $166,177 | $553,180 |
Southland Bible Institute Ashland, KY | $1,425,293 | $374,267 |
American Open University Inc Alexandria, VA | $533,754 | $60,517 |
Divinity School Asso Of The Univ Chicago Chicago, IL | $54,553 | $65,105 |