Skip to content
Nonprofiteer
← KENTUCKY CHRISTIAN UNIVERSITY INC

Form 990 for tax year 2023

Filed by KENTUCKY CHRISTIAN UNIVERSITY INC.

Totals

Total revenue
$19,492,626
Total expenses
$20,033,344
Contributions and grants received
$2,155,412
Grants paid
$8,355,919
Program service revenue
$16,190,390
Investment income
$630,758
Other revenue
$516,066
Total assets, end of year
$37,930,720
Total liabilities, end of year
$5,491,780
Net assets or fund balances, end of year
$32,438,940
Program services expenses (Part IX)
$17,745,593
Management and general expenses
$1,853,442
Fundraising expenses
$434,309
Program service expenses (Part III)
$17,745,593

Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,155,412

  • 1g · Noncash contributions included above

    $12,516

  • 2a · Program service revenue: STUDENT TUITION AND FEES

    total $12,938,416 · related or exempt $12,938,416

  • 2b · Program service revenue: LIVING FACILITIES

    total $1,762,579 · related or exempt $1,762,579

  • 2c · Program service revenue: DINING FACILITIES

    total $1,420,255 · related or exempt $1,420,255

  • 2d · Program service revenue: INTEREST ON STUDENT RECEIVABLES

    total $28,380 · related or exempt $28,380

  • 2e · Program service revenue: PRINT SHOP

    total $24,296 · related or exempt $24,296

  • 2f · All other program service revenue

    total $16,464 · related or exempt $16,464

  • 3 · Investment income

    total $294,725 · excluded $294,725

  • 5 · Royalties

    total $18,367 · excluded $18,367

  • 6a · Gross rents

    real property $20,567

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $20,567

  • 6d · Net rental income or loss

    total $20,567 · excluded $20,567

  • 7a · Gross sales of assets other than inventory

    securities $2,237,048

  • 7b · Less cost or other basis and sales expenses

    securities $1,901,015

  • 7c · Gain or loss

    securities $336,033

  • 7d · Net gain or loss

    total $336,033 · excluded $336,033

  • 10a · Gross sales of inventory

    $113,732

  • 10b · Cost of goods sold

    $106,409

  • 10c · Net income from sales of inventory

    total $7,323 · related or exempt $7,323

  • 11a · Other revenue: INSURANCE RECOVERY

    total $175,963 · related or exempt $175,963

  • 11b · Other revenue: OTHER REVENUE

    total $166,841 · related or exempt $166,841

  • 11c · Other revenue: OUTSIDE SCHOLARSHIP INCOME

    total $54,976 · related or exempt $54,976

  • 11d · All other revenue

    total $72,029 · related or exempt $72,029

  • 11e · Other revenue, total

    $469,809

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $8,355,919 · program services $8,355,919

  • 5 · Compensation of officers, directors and key employees

    total $143,605 · program services $21,540 · management and general $86,163 · fundraising $35,902

  • 7 · Other salaries and wages

    total $4,888,437 · program services $4,300,828 · management and general $486,981 · fundraising $100,628

  • 9 · Other employee benefits

    total $211,700 · program services $112,067 · management and general $64,900 · fundraising $34,733

  • 10 · Payroll taxes

    total $416,839 · program services $358,051 · management and general $47,478 · fundraising $11,310

  • 11b · Fees: legal

    total $9,400 · management and general $9,400

  • 11c · Fees: accounting

    total $68,700 · management and general $68,700

  • 11f · Fees: investment management

    total $71,404 · management and general $71,404

  • 11g · Fees: other

    total $1,318,658 · program services $1,300,298 · management and general $18,360

  • 12 · Advertising and promotion

    total $40,323 · program services $40,323

  • 13 · Office expenses

    total $108,647 · program services $57,258 · management and general $21,885 · fundraising $29,504

  • 14 · Information technology

    total $143,182 · program services $143,182

  • 16 · Occupancy

    total $672,175 · program services $653,976 · management and general $18,199

  • 17 · Travel

    total $511,724 · program services $493,192 · management and general $18,532

  • 20 · Interest

    total $164,296 · program services $125,571 · management and general $33,371 · fundraising $5,354

  • 22 · Depreciation, depletion and amortization

    total $1,266,659 · program services $918,177 · management and general $309,634 · fundraising $38,848

  • 23 · Insurance

    total $289,048 · program services $80,792 · management and general $200,101 · fundraising $8,155

  • 24a · Other expenses: INSTRUCTIONAL AND OTHER

    total $360,171 · program services $188,116 · management and general $2,180 · fundraising $169,875

  • 24b · Other expenses: MEMBERSHIPS

    total $262,301 · program services $212,909 · management and general $49,392

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $213,383 · program services $211,790 · management and general $1,593

  • 24d · Other expenses: BAD DEBTS

    total $162,784 · management and general $162,784

  • 24e · All other expenses

    total $353,989 · program services $171,604 · management and general $182,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $894,226 · end of year $831,715

  • 2 · Savings and temporary cash investments

    beginning of year $1,653,925 · end of year $2,107,596

  • 3 · Pledges and grants receivable

    beginning of year $298,529 · end of year $767,147

  • 4 · Accounts receivable

    beginning of year $309,241 · end of year $64,427

  • 8 · Inventories for sale or use

    beginning of year $64,472 · end of year $57,327

  • 9 · Prepaid expenses and deferred charges

    beginning of year $246,066 · end of year $226,253

  • 10a · Land, buildings and equipment: cost or other basis

    $38,963,864

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,214,449

  • 10c · Land, buildings and equipment, net

    beginning of year $17,147,402 · end of year $16,749,415

  • 11 · Investments: publicly traded securities

    beginning of year $4,868,588 · end of year $4,555,855

  • 12 · Investments: other securities

    beginning of year $9,371,574 · end of year $11,235,648

  • 15 · Other assets

    beginning of year $1,288,434 · end of year $1,335,337

  • 17 · Accounts payable and accrued expenses

    beginning of year $428,989 · end of year $526,495

  • 19 · Deferred revenue

    beginning of year $733,594 · end of year $745,982

  • 23 · Secured mortgages and notes payable

    beginning of year $3,372,720 · end of year $2,998,152

  • 25 · Other liabilities

    beginning of year $1,397,546 · end of year $1,221,151

  • 27 · Net assets without donor restrictions

    beginning of year $18,396,279 · end of year $18,596,167

  • 28 · Net assets with donor restrictions

    beginning of year $11,813,329 · end of year $13,842,773

Mission and programs · 2023

Mission

THE MISSION OF KENTUCKY CHRISTIAN UNIVERSITY IS TO EDUCATE STUDENTS FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS THROUGHOUT THE WORLD.

Activities or mission (Part I)

HIGHER EDUCATION FOR CHRISTIAN LEADERSHIP AND SERVICE IN THE CHURCH AND IN PROFESSIONS.

  • FULL AND PART-TIME UNIVERSITY STUDENT EDUCATION INCLUDING TEACHING, TRAINING, ATHLETICS, LIVING FACILITIES, AND STUDENT FINANCIAL AID. APPROXIMATELY 450 FULL-TIME EQUIVALENT STUDENTS.

    Expenses $17,745,593 · Grants $8,355,919 · Revenue $16,667,522

As filed on the 2023 return.

Listed in Part VII

  • Terry Allcorn

    PRESIDENT AND TRUSTEE

    Total calculated
    $143,605
    From this org
    $110,593
    From related orgs
    $0
    Other
    $33,012
    Hours/week
    40

  • Phil Martin

    CHAIR AND TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jerry Sanders

    VICE CHAIR AND TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barry Taylor

    SECRETARY AND TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shon Myers

    TREASURER AND TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Deborde

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Guthrie Veech

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lora Suttles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tommy Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tracy Hansen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Sammy Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kim Robinette

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Thomas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Welsh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Ferguson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Rudy Hagood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Laughlin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Rife

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HILLCREST BURIAL PARK INC

    C · BURIAL PARK · KY · 100% owned · share of income $12,299 · share of assets $109,420

    Directly controlled by KENTUCKY CHRISTIAN UNIVERSITY

Provenance

Return type
form_990
Tax year
2023
Filed
12 March 2025
IRS schema version
2023v6.0
Source object
202530719349301028

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

The source document this was parsed from is served over the API, which is where bulk and document access live.