2026-05-13T15:23:56-05:00 2025-06-30 363168081 SIKICH LLC 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2024-07-01 370661491 BLACKBURN UNIVERSITY BLAC 2178543231 700 COLLEGE AVENUE CARLINVILLE IL 62626 DEANA ROGERS VP OF ADMIN & FINANCE 2178543231 2026-05-13 1 0 KURT N WALCUTT P00650229 2177933363 2026-05-13 2024 2025-03-06 01:10:19Z BLACKBURN COLLEGE LARRY LEE 700 COLLEGE AVENUE CARLINVILLE IL 62626 42203063 0 X WWW.BLACKBURN.EDU X UNIVERSITY 1837 IL COMBINE LIBERAL ARTS EDUCATION & WORK PROGRAM TO PREPARE GRADUATES FOR CAREERS AND LIFELONG LEARNING. 19 18 407 230 8784 24276 8472013 5100287 12257919 14569160 1638716 234344 462179 516295 22830827 20420086 3472093 5041390 0 0 11134013 12533069 0 0 769663 6803741 7002508 21409847 24576967 1420980 -4156881 84136032 80701281 13747000 11087759 70389032 69613522 X BLACKBURN COLLEGE LINKS A RIGOROUS AND AFFORDABLE LIBERAL ARTS EDUCATION WITH A UNIQUE STUDENT-MANAGED WORK PROGRAM PREPARING GRADUATES FOR CAREERS, COMMUNITIES, AND LIFELONG LEARNING. THE BLACKBURN COMMUNITY VALUES CRITICAL AND INDEPENDENT THINKING, LEADERSHIP DEVELOPMENT, DIVERSITY AND INCLUSION, SERVICE, SHARED GOVERNANCE, AND MORAL RESPONSIBILITY. 0 0 19477323 5041390 14771202 464 STUDENTS SERVED DURING FALL SEMESTER 2024; 430 STUDENTS SERVED DURING SPRING SEMESTER 2025. 19477323 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 48 0 407 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEANA ROGERS 2178545513 LUDLUM HALL 208 700 COLLEGE AVE CARLINVILLE IL 62626 PAUL TEPIKIAN BOARD OF TRUSTEES CHAIR 1.00 X 0 0 0 LISA BLACK-GOMEZ BOARD OF TRUSTEES VICE CHAIR 1.00 X 0 0 0 KENNETH DIEHL BOARD OF TRUSTEES SECRETARY 1.00 X 0 0 0 DAN ANDERSON TRUSTEE 1.00 X 0 0 0 SALINA BROWN TRUSTEE 1.00 X 0 0 0 DAVID DORRIS TRUSTEE 1.00 X 0 0 0 JAMES FAUST TRUSTEE 1.00 X 0 0 0 FRAN GOODMAN TRUSTEE 1.00 X 0 0 0 JENNIFER HAMILTON EXECUTIVE COMMITTEE MEMBER 1.00 X 0 0 0 THOMAS HEINZ TRUSTEE 1.00 X 0 0 0 RAY KENNELLY TRUSTEE 1.00 X 0 0 0 MICHAEL KOKAL TRUSTEE 1.00 X 0 0 0 CYNTHIA LAMAR TRUSTEE 1.00 X 0 0 0 GEORGE MALO TRUSTEE 1.00 X 0 0 0 GEORGE PRECKWINKLE TRUSTEE 1.00 X 0 0 0 JAMES SANDFORT TRUSTEE 1.00 X 0 0 0 JENNIFER SHELBY TRUSTEE 1.00 X 0 0 0 DON TAYLOR TRUSTEE 1.00 X 0 0 0 MADONNA TIDEMAN TRUSTEE 1.00 X 0 0 0 LARRY LEE PRESIDENT 50.00 X 119011 0 8280 LAURA WIEDLOCHER PROVOST 50.00 X 159267 0 7958 DEANA ROGERS VICE PRESIDENT OF ADMINISTRATION & FINANCE 50.00 X 139583 0 6979 SARAH KOPLINSKI VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT 50.00 X 130000 0 6500 JUSTIN NORWOOD VICE PRESIDENT OF INCLUSIVE ENROLLMENT 50.00 X 127500 0 15320 LOGAN ELLIOTT VICE PRESIDENT OF DIVERSE & EQUITABLE STUDENT LIFE 50.00 X 123933 0 11805 799294 0 56842 6 0 1 0 JOYNER CONSTRUCTIONS SERVICES INC 4003 YUCAN DR SPRINGFIELD IL 62711 CONSTRUCTION SERVICES 1782723 VEREGY 16647 CHESTERFIELD GROVE ROAD CHESTERFIELD MO 63005 CONSTRUCTION SERVICES 1708594 FRESH IDEAS MANAGEMENT LLLC 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE 1189400 US BANK PO BOX 1800 ST PAUL MN 55101 CREDIT CARD 737646 TIAACREF 8500 ANDREW CARNEGIE BOULEVARD CHARLOTTE NC 28262 RETIREMENT 673113 14 2894623 2205664 197896 5100287 TUITION & FEES 611600 11918265 11918265 AUXILLARY ENTERPRISES 611600 2650895 2650895 14569160 87768 -4960 92728 1776 1776 201851 16412 185439 185439 185439 21864332 21717756 146576 146576 13744 132832 65412 48809 16603 16603 OTHER INCOME 611600 312477 312477 312477 20420086 14771202 8784 539813 5041390 5041390 1031317 754947 214383 61987 9867475 7023952 2353801 489722 960010 685655 229168 45187 674267 489836 144959 39472 22579 22579 1314949 585898 677814 51237 32533 4406 27541 586 480561 210 479896 455 489640 402236 52472 34932 342104 342104 1290162 782109 508053 291301 17000 274301 FOOD & HEALTH SERVICES 1137905 1120003 17619 283 EQUIPMENT AND SUPPLIES 424203 249704 163887 10612 REPAIRS AND MAINTENANCE 238506 115970 122536 BAD DEBTS 62934 62934 875131 2204007 -1364066 35190 24576967 19477323 4329981 769663 5000 5000 3754168 722718 343182 230735 1570117 1004341 1830026 1713835 34963 36449 313122 408256 62139724 24198626 33335436 37941098 207890 45520 39014742 34822151 3727386 3771178 84136032 80701281 3921195 2168361 1012146 922260 4357543 4044490 2184640 2078698 2271476 1873950 13747000 11087759 X 32357649 35781855 38031383 33831667 70389032 69613522 84136032 80701281 X -4156881 3359110 22261 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34703862 318078 2847896 2333098 -43792 35580530 32435612 662363 3110250 1537229 -32866 34703862 30001668 1014989 2238478 1039158 -219635 32435612 34394480 653323 -2457570 1088837 1499728 30001668 26320519 2601325 6270328 1097665 -299973 34394480 0.11658 0.88341 0 0 170372 170372 51226363 19187139 32039224 7985979 5011487 2974492 2757010 2757010 37941098 REAL ESTATES HELD FOR INVESTMENT - FARM LAND 9118330 F COMMONFUND: MULTI STRATEGY EQUITY FUND 14401418 F COMMONFUND: MULTI STRATEGY BOND FUND 7212545 F CAPITAL PARTNERS VI, LP 296668 F CAPITAL PARTNERS VII, LP 1202456 F CAPITAL PARTNERS VIII, LP 1533615 F LIFE INSURANCE 26342 F OTHER INVESTMENTS -116018 F MONEY MARKET FUND 222186 F CASH AWAITING TRANSFER/SETTLEMENT 924609 F 34822151 SPLIT INTEREST AGREEMENTS 10891 CAPITAL LEASES PAYABLE 1713825 DEPOSITS HELD IN CUSTODY FOR OTHERS 149234 1873950 PART V, LINE 4: TO PROVIDE FOR SCHOLARSHIP FUNDS AND AWARDS FOR BLACKBURN STUDENTS AND FOR ONGOING MAINTENANCE AND UPKEEP OF THE BLACKBURN CAMPUS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BLACKBURN'S NONDISCRIMINATORY POLICY IS PUBLISHED ON THE SCHOOL'S WEBSITE, IN THE SCHOOL'S COURSE CATALOG, AND IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN FEDERAL AND ILLINOIS FINANCIAL AID PROGRAMS. 1 SCHOLARSHIPS 464 5041390 PART I, LINE 2: INSTITUTIONAL GRANTS ARE OFFERED TO ATTRACT AND RETAIN STUDENTS. DISBURSEMENTS ARE MADE IN ACCORDANCE WITH PROCEDURES OR ARE SUBJECT TO CONDITIONS ESTABLISHED BY THE COLLEGE'S GOVERNING BOARD DESIGNED TO ENSURE THAT INDIVIDUALS AND ORGANIZATIONS RECEIVING DISBURSEMENTS FROM THE COLLEGE, IN FURTHERANCE OF ITS EXEMPT PROGRAMS, ARE ADEQUATELY INVESTIGATED TO ENSURE THAT THEY ARE QUALIFYING RECIPIENTS. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE COLLEGE'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X X 0 0 0 0 0 0 0 0 0 LAURA WIEDLOCHER PROVOST 159267 0 0 0 0 0 7958 0 0 0 167225 0 0 0 A CENTRAL ILLINOIS ECONOMIC DEVELOPMENT AUTHORITY 273234464 2015-05-29 5000000 SEE PART VI 0 0 0 B CENTRAL ILLINOIS ECONOMIC DEVELOPMENT AUTHORITY 273234464 2018-08-31 4000000 SEE PART VI 0 0 0 A 1764951 5000000 76000 4924000 2016 1 0 1 1 B 2877506 4000000 22479 808112 553746 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, LINE A, COLUMNS (E) AND (F) ON JULY 1, 1999, THE COLLEGE ENTERED INTO AN AGREEMENT TO BORROW $5,000,000 OF THE PROCEEDS OF BONDS ISSUED BY THE ILLINOIS EDUCATIONAL FACILITIES AUTHORITY THROUGH PNC BANK. ON MAY 29, 2015, THE COLLEGE REFINANCED THE BOND ISSUANCE WITH THE BLACKBURN UNIVERSITY PROJECT REVENUE BOND, SERIES 2015 WITH UNITED COMMUNITY BANK. THE BONDS BEAR INTEREST AT A RATE OF INTEREST PER ANNUM INITIALLY EQUAL TO 2.96% FOR TEN YEARS, AND THEREAFTER, SUBJECT TO ADJUSTMENTS TO A RATE OF INTEREST PER ANNUM EQUAL TO THE FIVE-YEAR RATE PLUS 1.75% ON EACH ADJUSTMENT DATE. THE BONDS MATURE ON JULY 1, 2029, WITH AN OPTIONAL "TAKE OUT" LOAN TO EXTEND THE MATURITY DATE TO JUNE 1, 2035. THE BONDS ARE COLLATERALIZED BY A MORTGAGE DATED MAY 1, 2015, ASSIGNMENT OF RENTS AND PROFITS, AND A SECURITY AGREEMENT. DURING 2016, THE COLLEGE TOOK AN ADDITIONAL DRAW OF $1,123,580, THE PROCEEDS OF WHICH WERE REQUIRED TO BE SPENT ON CAPITAL PROJECTS. PART I, LINE B AND PART II, COLUMN B, LINES 3,7,10, AND 12 THE 2018 ISSUANCE WAS ORIGINALLY APPROVED FOR $4,000,000. SUBSEQUENT TO APPROVAL, THE COLLEGE DECIDED TO LIMIT ITS TAX EXEMPT BORROWING TO $1,384,337 AND TO BORROW THE REMAINING $2,615,663 ON A TAXABLE BASIS. FOR THIS REASON, LINES 7, 10, AND 12 WILL TOTAL $1,384,337. BISHOP ACE HARDWARE TRUSTEE GEORGE PRECKWINKLE OVER 35% OWNER 18282 EXPENDITURES WITH ACE HARDWARE 0 X 9 197896 STOCK MARKET 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES RECEIVES A COPY OF THE FORM 990 PRIOR TO SUBMISSION FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY SET IN PLACE AND TRUSTEE AND KEY EMPLOYEES MUST FILL OUT A DISCLOSURE FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT SALARY WAS APPROVED BY THE BOARD OF TRUSTEES INITIALLY AND ADJUSTMENTS TO SALARY ARE APPROVED BY THE BOARD ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENT -21,531. CHANGE IN VALUE OF INTEREST IN PERPETUAL TRUST 43,792.