Graceland University and Subsidiary: Single Audit Reports and Findings
Graceland University and Subsidiary filed 10 single audits between 2016 and 2025; the most recently observed auditor is RUBINBROWN LLP (2025), and the 2025 report lists 0 findings. Data as of 2026-09-18.
Data as of Sep 18, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; Graceland University and Subsidiary is recorded in LAMONI, Iowa under EIN 420707114, and the Clearinghouse records it as a higher education institution.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2025 | 2025-05-31 | $20,929,102 | $750,000 | RUBINBROWN LLP | 0 | SD | 2025-05-GSAFAC-0000395955 |
| 2024 | 2024-05-31 | $19,073,156 | $750,000 | RUBINBROWN LLP | 0 | SD | 2024-05-GSAFAC-0000054890 |
| 2023 | 2023-05-31 | $18,814,822 | $750,000 | RUBINBROWN LLP | 4 | SD | 2023-05-GSAFAC-0000026201 |
| 2022 | 2022-05-31 | $22,678,308 | $750,000 | RUBINBROWN LLP | 0 | — | 2022-05-CENSUS-0000064433 |
| 2021 | 2021-05-31 | $21,077,302 | $750,000 | RUBINBROWN LLP | 8 | SD | 2021-05-CENSUS-0000064433 |
| 2020 | 2020-05-31 | $23,097,240 | $750,000 | RSM US LLP | 0 | — | 2020-05-CENSUS-0000064433 |
| 2019 | 2019-05-31 | $25,782,855 | $750,000 | RSM US LLP | 5 | SD | 2019-05-CENSUS-0000064433 |
| 2018 | 2018-05-31 | $27,420,448 | $750,000 | RSM US LLP | 37 | SD | 2018-05-CENSUS-0000064433 |
| 2017 | 2017-05-31 | $27,273,268 | $750,000 | RSM US LLP | 3 | — | 2017-05-CENSUS-0000064433 |
| 2016 | 2016-05-31 | $27,376,120 | $750,000 | RSM US LLP | 1 | — | 2016-05-CENSUS-0000064433 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 84.268 | FEDERAL DIRECT STUDENT LOANS | $11,904,836 | No |
| 10.766 | COMMUNITY FACILITIES LOANS AND GRANTS | $4,377,346 | Yes |
| 84.063 | FEDERAL PELL GRANT PROGRAM | $2,639,370 | No |
| 84.044 | TRIO TALENT SEARCH | $454,086 | No |
| 84.042 | TRIO STUDENT SUPPORT SERVICES | $352,371 | No |
| 94.006 | AMERICORPS STATE AND NATIONAL 94.006 | $272,824 | No |
| 84.007 | FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS | $268,843 | No |
| 84.033 | FEDERAL WORK-STUDY PROGRAM | $243,382 | No |
| 93.264 | NURSE FACULTY LOAN PROGRAM (NFLP) | $211,581 | No |
| 94.002 | AMERICORPS SENIORS RETIRED AND SENIOR VOLUNTEER PROGRAM (RSVP) 94.002 | $138,218 | No |
| 84.379 | TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS (TEACH GRANTS) | $37,720 | No |
| 94.002 | AMERICORPS SENIORS RETIRED AND SENIOR VOLUNTEER PROGRAM (RSVP) 94.002 | $15,417 | No |
| 84.038 | FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS | $13,108 | No |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
The most recent report lists no finding.
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
- Total revenue
- $37,898,936
- Total assets
- $112,705,823
- NTEE code
- B430
- Exempt under
- 501(c)(3)
- Ruling year
- 1942
- BMF release
- 2026-09-17
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How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits Graceland University and Subsidiary now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “Graceland University and Subsidiary Single Audits.” https://getauditradar.com/single-audits/ia/graceland-university-and-subsidiary-420707114/. Data as of 2026-09-18.