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Nonprofiteer
← GRACELAND UNIVERSITY

Form 990 for tax year 2022

Filed by GRACELAND UNIVERSITY.

Totals

Total revenue
$50,308,072
Total expenses
$51,569,400
Contributions and grants received
$13,828,938
Grants paid
$16,050,386
Program service revenue
$34,731,172
Investment income
$1,742,397
Other revenue
$5,565
Total assets, end of year
$127,205,347
Total liabilities, end of year
$29,186,371
Net assets or fund balances, end of year
$98,018,976
Program services expenses (Part IX)
$46,175,587
Management and general expenses
$3,683,670
Fundraising expenses
$1,710,143
Program service expenses (Part III)
$46,175,587

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MIKE WILEY

    TRUSTEE/CHAIR - AS OF 8/2022

    Total calculated
    $0
    Hours/week
    12

  • JOSEPH BOOZ

    TRUSTEE/VICE CHAIR - AS OF 8/2022

    Total calculated
    $0
    Hours/week
    3

  • DAVID BROWN

    TRUSTEE/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • RYAN WATSON

    TRUSTEE/SECRETARY - AS OF 8/2022

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • HARRY ASHENHURST

    TRUSTEE/CHAIR - UNTIL 8/2022

    Total calculated
    $0
    Hours/week
    1

  • BOB ACKERLEY

    TRUSTEE/VICE CHAIR - UNTIL 8/2022

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • MICHELLE WAITE

    TRUSTEE/SECRETARY - UNTIL 8/2022

    Total calculated
    $0
    Hours/week
    1

  • SUE BEVINGTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • HOLLY CASKEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • STASSI CRAMM

    TRUSTEE

    Total calculated
    $63,241
    From this org
    $0
    From related orgs
    $626
    Other
    $62,615
    Hours/week
    1 + 70 related

  • NANCY TANNER EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVEN GRAFFEO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GWENDOLYN HAWKS-BLUE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EMILY HUGHES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KAREN JEWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • IVAN JOSEPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VINCENT E LEWIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JIM LYSINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALEKSANDAR MEMCA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • LOUANN MUIR-HUTCHINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RANDALL E PRATT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • MIKE SEAGRAVES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN SHEEHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENNIS SHIELDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SAM SMALLDON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • JULIA SNETHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TOYIA K YOUNGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • PAT DRAVES

    PRESIDENT

    Total calculated
    $650,309
    From this org
    $575,239
    From related orgs
    $0
    Other
    $75,070
    Hours/week
    70 + 3.5 related

    Schedule J breakdown matched by us

    Base
    $344,796
    Bonus
    $165,000
    Other
    $65,443
    Deferred
    $19,137
    Nontaxable benefits
    $55,933
    Filer's total
    $650,309

  • KRISTI HETTRICK

    VP - INSTITUTIONAL ADVANCEMENT

    Total calculated
    $143,454
    From this org
    $122,523
    From related orgs
    $0
    Other
    $20,931
    Hours/week
    50

  • DEB SKINNER

    VP - ENROLLMENT

    Total calculated
    $121,920
    From this org
    $115,185
    From related orgs
    $0
    Other
    $6,735
    Hours/week
    60

  • DAVID SIDDALL

    VP - BUSINESS AND FINANCE

    Total calculated
    $121,195
    From this org
    $107,835
    From related orgs
    $0
    Other
    $13,360
    Hours/week
    47 + 11 related

  • DAVE SCHAAL

    VP - STUDENT LIFE

    Total calculated
    $113,662
    From this org
    $108,762
    From related orgs
    $0
    Other
    $4,900
    Hours/week
    50

  • JOEL SHROCK

    VP - ACADEMIC AFFAIRS

    Total calculated
    $90,033
    From this org
    $72,772
    From related orgs
    $0
    Other
    $17,261
    Hours/week
    70 + 2 related

  • LEIGH MURRAY

    DIRECTOR DPT PROGRAM

    Total calculated
    $139,393
    From this org
    $124,824
    From related orgs
    $0
    Other
    $14,569
    Hours/week
    50

  • JOLENE LYNN

    DEAN SCHOOL OF NURSING

    Total calculated
    $131,259
    From this org
    $101,112
    From related orgs
    $0
    Other
    $30,147
    Hours/week
    50

  • JEFF DRAVES

    PROFESSOR OF CHEMISTRY

    Total calculated
    $117,446
    From this org
    $111,240
    From related orgs
    $0
    Other
    $6,206
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A:
THE PRESIDENT'S SPOUSE ACCOMPANIES HER TO CERTAIN EVENTS WHEN DEEMED NECESSARY FOR THE GOOD OF THE UNIVERSITY. THERE WAS NO SPOUSAL TRAVEL INCLUDED IN THE PRESIDENT'S COMPENSATION DURING THE YEAR. THE PRESIDENT HAS AUTHORITY OVER HER OFFICE BUDGET, BUT NO FUNDS ARE AVAILABLE TO HER FOR PERSONAL USE. THE PRESIDENT IS PROVIDED A RESIDENCE WHICH IS USED FOR UNIVERSITY FUNCTIONS. THE FAIR MARKET VALUE RENTAL OF $21,000 PER YEAR AND HOUSEKEEPING SERVICES IS INCLUDED IN THE RENTAL VALUE. THE VALUE OF UTILITIES/MAINTENANCE/OTHER PROVIDED OF $10,009 IS INCLUDED AS NONTAXABLE BENEFITS ON SCHEDULE J, PART II, COLUMN (D).
PART I, LINE 4B:
4(B) THE UNIVERSITY MAINTAINED A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN PROVIDED FOR THE UNIVERSITY TO MAKE CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. THE PLAN WAS PAID OUT AND TERMINATED IN FISCAL YEAR 2022.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
12 March 2024
IRS schema version
2022v5.0
Source object
202400959349301120

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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