2024-05-15T16:41:58-05:00 2023-06-30 481195228 KELLER & OWENS LLC 10955 LOWELL AVE STE 800 OVERLAND PARK KS 66210 990 2022-07-01 436052681 CALVARY UNIVERSITY CALV 8163220110 15800 CALVARY ROAD KANSAS CITY MO 641471341 DR ALEXANDER GRANADOS PRESIDENT 8163220110 2024-05-15 1 DR ALEXANDER GRANADOS 999009999 0 GREGORY D OWENS P00048643 9133383500 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR ALEXANDER GRANADOS 15800 CALVARY ROAD KANSAS CITY MO 641471341 7906068 0 X WWW.CALVARY.EDU X 1961 MO OPERATION OF INDEPENDENT CHRISTIAN COLLEGE 13 12 161 32 -235 0 2254967 3293573 3217530 3451169 71292 53722 280362 18467 5824151 6816931 495573 881347 0 0 3064489 3130023 0 0 407531 2083057 2220570 5643119 6231940 181032 584991 11548468 12554072 1880668 2315648 9667800 10238424 X CALVARY UNIVERSITY IS AN INDEPENDENT NON-DENOMINATIONAL INSTITUTION PROVIDING UNDERGRADUATE AND GRADUATE EDUCATION WHICH PREPARES CHRISTIANS TO LIVE AND SERVE IN THE CHURCH AND THE WORLD ACCORDING TO A BIBLICAL WORLDVIEW. THIS IS ACCOMPLISHED BY PROVIDING APPROPRIATE CURRICULA AND A CLIMATE WHICH FOSTERS THE DEVELOPMENT OF INTELLECTUAL AND SPIRITUAL MATURITY, LEADERSHIP POTENTIAL, SERVANTHOOD, AND A SENSE OF MISSION. 0 0 4596485 881347 3451169 OPERATION OF CHRISTIAN UNIVERSITY. FULL TIME EQUIVALENT STUDENTS-APPROXIMATELY 399 EACH SEMESTER. 4596485 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 449 0 161 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 8163220110 15800 CALVARY ROAD KANSAS CITY MO 641471341 DWIGHT ASCHER VICE CHAIRMAN 1.00 X X 0 0 0 DR VICTOR BORDEN TRUSTEE 1.00 X 0 0 0 GRACIA BURNHAM TRUSTEE 1.00 X 0 0 0 GREGORY WASHINGTON TRUSTEE 1.00 X 0 0 0 ADRION ROBERSON TRUSTEE 1.00 X 0 0 0 JERRY WINKLEY TRUSTEE 1.00 X 0 0 0 CLAY BOWLIN CHAIRMAN 1.00 X X 0 0 0 ALEXANDER GRANADOS PRESIDENT 40.00 X X 80473 0 3178 MATT BREWER SECRETARY 1.00 X X 0 0 0 SCOTT PHILLIPS TRUSTEE 1.00 X 0 0 0 DR DAVID VITT TRUSTEE 1.00 X 0 0 0 BRAD BABCOCK TRUSTEE 1.00 X 0 0 0 KELLY MCGUIRE TRUSTEE 1.00 X 0 0 0 ANTOINE RICHARDSON TRUSTEE 1.00 X 0 0 0 LIZ SIMONS TRUSTEE 1.00 X 0 0 0 DR TEDDY BITNER CHIEF ACADEMIC OFFICER 40.00 X 59843 0 94 JEFF CAMPA CHIEF OPERATING OFFICER 40.00 X 49375 0 375 JOHN MCGEE CHIEF DEVELOPMENT OFFICER 40.00 X 54295 0 109 TOM STOLBERG CHIEF FINANCIAL OFFICER 40.00 X 23510 0 0 267496 0 3756 0 0 0 0 0 235046 1895716 1162811 35868 3293573 TUITION & FEES 611710 2768155 2768155 ROOM & BOARD 611710 602316 602316 BOOKSTORE/CAFETERIA 611710 64801 64801 PROGRAM RELATED RENTAL INCOME 611710 15897 15897 3451169 46271 -235 46506 1508 1508 19010 0 19010 19010 19010 1040266 7499 1040314 0 -48 7499 7451 7451 45014 235046 48823 -3809 -3809 INSURANCE CLAIMS 611710 1474 1474 ACTUARIAL ADJUSTMENTS 900099 284 284 1758 6816931 3451169 -235 72424 881347 881347 315195 233244 56735 25216 2562175 1896009 461192 204974 2997 2218 539 240 71178 52672 12812 5694 178478 132074 32126 14278 2415 2415 36601 36601 340616 144260 154596 41760 22223 11111 11112 203403 119138 59069 25196 127705 40865 57468 29372 461547 323236 132347 5964 83859 57469 15542 10848 9189 8729 460 52892 39670 12164 1058 447414 335561 102905 8948 142517 95487 38479 8551 DUES & SUBSCRIPTIONS 129086 114887 6454 7745 RESALES 103431 53784 43441 6206 BAD DEBT EXPENSE 51531 51531 LIBRARY BOOKS 2528 1314 1062 152 3613 1879 1517 217 6231940 4596485 1227924 407531 X 504357 1473291 919089 1812609 72948 86180 54649 39262 4621 5166 11992963 3539460 8635616 8453503 1263714 524649 93474 159412 11548468 12554072 394511 113912 379807 177738 811322 738922 295028 1285076 1880668 2315648 X 6852838 7461742 2814962 2776682 9667800 10238424 11548468 12554072 584991 -14367 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85800 X X 0 460463 106747 1314 115414 453110 446872 52224 28270 66903 460463 457850 770 -5872 5876 446872 522371 7830 -7245 65106 457850 1054399 304396 -196544 639880 522371 0.21130 0.62924 0.15946 0 0 1353757 1353757 8989757 2277024 6712733 1360503 988712 371791 288946 273724 15222 8453503 DEPOSITS HELD FOR OTHERS 1212956 ANNUITIES PAYABLE 6182 OPERATING LEASE LIABILITY 65938 1285076 X 5952131 -14367 30914 16547 5935584 881347 881347 6816931 5381507 30914 30914 5350593 881347 881347 6231940 PART III, LINE 4: THE ORGANIZATION USES THE TORAH FOR CHRISTIAN EDUCATIONAL PURPOSES, INCLUDING SCHOLARLY RESEARCH. IT IS ALSO KEPT FOR THE HISTORICAL VALUE. PART V, LINE 4: ENDOWMENT FUNDS HAVE BEEN ESTABLISHED PRIMARILY TO BE USED AS SCHOLARSHIPS. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TAXES, IF ANY, ON UNRELATED BUSINESS INCOME. IN ADDITION, THE UNIVERSITY IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE UNIVERSITY HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10 AS IT MIGHT APPLY TO THE UNIVERSITY'S FINANCIAL TRANSACTIONS. THE UNIVERSITY'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION THAT IS BENEFICIAL TO THE UNIVERSITY, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO THE TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2023 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 30,914. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS GIVEN 881,347. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 30,914. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS GIVEN 881,347. 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 SCHOOL'S NONDISCRIMINATION POLICY IS PUBLICIZED IN THE STUDENT HANDBOOK. THE ORGANIZATION ALSO PUBLICIZES ITS NONDISCRIMINATION POLICY ON ITS WEBSITE IN ACCORDANCE WITH INTERNAL REVENUE PROCEDURE 2019-22. SCHEDULE E, PART I, LINE 6 FUNDS WERE RECEIVED FOR STUDENT FINANCIAL AID FOR STUDENTS FROM GOVERNMENT PROGRAMS AND GRANTS. FEAST & FUND AUCTION 142256 122307 19949 100 950 500 24909 PRESIDENT'S DINNER 110492 99052 11440 60 1395 8143 500 150 1 27312 13687 13625 216 5800 498 5602 280060 235046 45014 100 1226 7195 8643 998 30661 48823 -3809 1 SCHOLARSHIPS TO STUDENTS 179 881347 FMV OF TUITION SCHOLARSHIPS IN THE FORM OF TUITION REDUCTION PART I, LINE 2: THE ORGANIZATION GAVE NON-CASH TUITION REDUCTION SCHOLARSHIPS TO STUDENTS. THE ORGANIZATION HAS SET CRITERIA FOR SCHOLARSHIP RECIPIENTS. X 1 11000 X DONATED AUCTION ITEMS AND SPECIAL EVENT ITEMS 2 17909 FAIR MARKET VALUE X MISCELLANEOUS 2 6959 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINISHED FORM 990 IS REVIEWED AND APPROVED BY SEVERAL SPECIFICALLY APPOINTED EMPLOYEES OF THE ORGANIZATION PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS OFFICERS AND DIRECTORS TO DISCLOSE ANY CONFLICTS OF INTEREST. OFFICERS AND DIRECTORS ARE REQUIRED TO RECUSE THEMSELVES FROM ANY DISCUSSION OR DECISION MAKING RELATED TO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES SETS EXECUTIVE/OFFICER COMPENSATION DURING AN ANNUAL REVIEW OF EACH. EXECUTIVES AND OFFICERS ARE PAID AMOUNTS SIGNIFICANTLY BELOW MARKET VALUE. THE OFFICER IS NOT PRESENT IN THE ROOM DURING THE DISCUSSION AND DETERMINATION OF HIS OWN COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.