2024-02-02T14:46:03-06:00 2023-06-30 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2022-07-01 386080947 GREAT LAKES BIBLE COLLEGE GREA 5173210242 6211 W WILLOW HIGHWAY LANSING MI 489171299 BRYAN C TARRANT DIRECTOR OF OPERATIONS 5173210242 2024-02-01 1 BRYAN TARRANT 999009999 1 MARK L LOCKWITZ CPA P00948433 5173237500 2024-02-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREAT LAKES CHRISTIAN COLLEGE BRYAN C TARRANT 6211 W WILLOW HIGHWAY LANSING MI 489171299 5353880 0 X WWW.GLCC.EDU X 1972 MI TO PROVIDE BIBLE-ORIENTED SYSTEMATIC TRAINING, RESULTING IN A TWO OR FOUR YEAR DEGREE. 16 16 181 18 0 0 2458756 2658050 1209721 1721121 57633 -149319 12980 15000 3739090 4244852 122946 145133 0 0 1707257 1688733 0 0 202005 2179690 2317549 4009893 4151415 -270803 93437 2935573 4128914 1472587 2449690 1462986 1679224 GREAT LAKES CHRISTIAN COLLEGE, AN INSTITUTION OF HIGHER EDUCATION AFFILIATED WITH CHRISTIAN CHURCHES/CHURCHES OF CHRIST, SEEKS TO GLORIFY GOD BY PREPARING STUDENTS TO BE SERVANT-LEADERS IN THE CHURCH AND WORLD. 0 0 1657956 755403 AUXILIARY AND SUPPORT SERVICES INCLUDING CAFETERIA, BOOKSTORE AND HOUSING FACILITIES. STUDENT HOUSING WAS PROVIDED FOR APPROXIMATELY 87 STUDENTS FOR THE 2022 FALL SEMESTER AND THE 2023 SPRING SEMESTER. 1176344 145133 965718 EDUCATIONAL - INCLUDING TWO AND FOUR YEAR DEGREES. MAIN EMPHASIS ON BIBLICAL STUDIES. 2022-2023 FALL SEMESTER ENROLLMENT WAS APPROX. 164 STUDENTS. 2023-2023 SPRING SEMESTER ENROLLMENT WAS APPROX. 143 STUDENTS. 2834300 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 181 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X BRYAN C TARRANT 5173210242 6211 W WILLOW HIGHWAY LANSING MI 48917 FRANK WELLER PRESIDENT (BEGAN 06/2022) 40.00 X 39796 0 6000 BRYAN TARRANT DIR. OF OPERATIONS (BEGAN 09/2022) 40.00 X 13791 0 552 ANDY GERHART TRUSTEE 5.00 X 0 0 0 COREY BAILEY TRUSTEE 5.00 X 0 0 0 DAVID LUND TRUSTEE 5.00 X 0 0 0 KELLY BENTLEY TRUSTEE 5.00 X 0 0 0 TIM ST LOUIS TRUSTEE 5.00 X 0 0 0 KEITH LAYMAN TRUSTEE 5.00 X 0 0 0 TITUS LAWRENCE TRUSTEE 5.00 X 0 0 0 NORM LLOYD TRUSTEE 5.00 X 0 0 0 STEVE HIGGS TRUSTEE 5.00 X 0 0 0 DENISE TIMM TRUSTEE 5.00 X 0 0 0 MATT WESAW TRUSTEE 5.00 X 0 0 0 DAVID STACY TRUSTEE 5.00 X 0 0 0 EVE KALTZ SECRETARY 5.00 X X 0 0 0 BRIAN WOOD TREASURER 5.00 X X 0 0 0 RICK STACY VICE CHAIR 5.00 X X 0 0 0 WILLIAM GRAY CHAIR 5.00 X X 0 0 0 53587 0 6552 0 0 0 0 0 1154848 1503202 2658050 TUITION AND FEES 611600 806309 806309 AUXILIARY SERVICES 900099 755403 755403 MISCELLANEOUS 611600 159409 159409 1721121 31939 31939 5000 0 5000 5000 5000 923370 4400 1109028 0 -185658 4400 -181258 -181258 CELL TOWER INCOME 517000 10000 10000 10000 4244852 1721121 0 -134319 145133 145133 155200 106336 42434 6430 1291931 888938 355747 47246 152884 100298 38861 13725 88718 65056 23078 584 52400 52400 335273 251660 43171 40442 98372 65445 23639 9288 549544 463605 61774 24165 463700 444728 18972 50349 14536 25540 10273 5542 5542 105564 105564 70965 70965 45360 45360 MISCELLANEOUS 246289 71321 138584 36384 REPAIRS AND MAINTENANCE 201772 95377 92927 13468 BAD DEBT EXPENSE 92419 92419 4151415 2834300 1115110 202005 324852 420982 1140731 1108644 13009 377193 98691 187351 36391 38326 1759535 1000694 592699 758841 529200 200000 1237577 2935573 4128914 64892 61432 320000 310000 1019624 1496421 68071 581837 1472587 2449690 X -209427 159214 1672413 1520010 1462986 1679224 2935573 4128914 93437 122801 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1005561 13592 -58362 19350 941441 1100044 42401 -121034 15850 1005561 1117863 8583 -4984 21418 1100044 1107381 26293 4969 20780 1117863 1095242 6930 27559 22350 1107381 1.00000 0 0 214356 21308 193048 419382 366497 52885 1125797 612889 512908 758841 LONG-TERM RECEIVABLE-CELL TOWER 200000 DEPOSITS HELD IN ESCROW 113985 OPERATING LEASE RIGHT-OF-USE ASSETS 923592 1237577 STUDENT DEPOSITS 11508 ANNUITY LIABILITY 26399 OPERATING LEASE LIABILITIES 543930 581837 X 4222520 122801 122801 4099719 145133 145133 4244852 4006282 0 4006282 145133 145133 4151415 PART V, LINE 4: THE INTEREST & CONTRIBUTIONS FROM TEMPORARY RESTRICTED FUNDS IS USED FOR STUDENT SCHOLARSHIPS AND OPERATIONAL EXPENSES. PART X, LINE 2: IN PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECORDED AS A REDUCTION TO TUITION 145,133. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS RECORDED AS A REDUCTION TO TUITION 145,133. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S POLICY IS INCLUDED IN ALL COURSE CATALOGS, THE EMPLOYEE HANDBOOK AND THE BOARD OF TRUSTEES HANDBOOK. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FROM GOVERNMENTAL AGENCIES AS LISTED ON STATEMENT SUPPORTING LINE 1. PELL GRANTS 518,477 SEOG GRANTS 21,522 CWS GRANTS 27,439 FEDERAL DIRECT LOANS 724,235 ----------- TOTAL 1,291,673 ----------- ----------- 1 SCHOLARSHIPS 63 145133 PART I, LINE 2: STUDENTS INTERESTED IN A SCHOLARSHIP MUST APPLY THROUGH A WRITTEN APPLICATION PROCESS. ALL APPLICATIONS ARE THEN REVIEWED BY A SCHOLARSHIP COMMITTEE THAT AWARDS SCHOLARSHIPS ACCORDING TO WHETHER OR NOT THE APPLICANT MEETS THE CRITERIA FOR THE SCHOLARSHIP (FOR EXAMPLE, IF THE ENDOWMENT SCHOLARSHIP SPECIFIES THAT RECIPIENTS MUST BE FROM INNER-CITY DETROIT, ONLY THOSE WHO ARE SO ARE CONSIDERED) AND THEN BASED ON NEED VERSUS AVAILABLE FUNDS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS PER THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF OPERATIONS RECEIVES AND REVIEWS FORM 990. THE 990 CAN BE PROVIDED ELECTRONICALLY OR BY HARD COPY TO THE FINANCE COMMITTEE. MEMBERS OF THE FINANCE COMMITTEE HAVE THE OPPORTUNITY TO ADDRESS ANY CONCERNS OR ISSUES WITH THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A TRUSTEE WHO PERCEIVES THAT A CONFLICT OF INTEREST MAY EXIST SHALL MAKE FULL DISCLOSURE THEREOF TO THE BOARD AND THE TRUSTEE HAVING THE CONFLICT OF INTEREST SHALL ABSTAIN FROM VOTING ON ANY MATTER RELATED THERETO. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S SALARY IS SET AND ANNUALLY REVIEWED BY THE BOARD OF TRUSTEES. THE SALARY OF OTHER OFFICERS IS ANNUALLY REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. WHEN SALARIES ARE REVISED, COMPARISONS TO THE SALARIES OF EMPLOYEES OF SIMILARLY SIZED COLLEGES ARE CONSIDERED. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS AVAILABLE UPON REQUEST. FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE. THE 990 IS PUBLIC INFORMATION THROUGH THE MICHIGAN ATTORNEY GENERAL'S OFFICE.