2025-04-15T11:36:53-05:00 2024-05-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-06-01 370661494 BRADLEY UNIVERSITY BRAD 3096773117 1501 W BRADLEY AVENUE PEORIA IL 616250001 BETSY HULL TREASURER 3096773117 2025-03-31 1 1 SAMUEL A CIGELNIK P00324762 3096714500 2025-04-14 2023 2025-03-06 01:10:19Z JONATHAN MICHAEL 1501 W BRADLEY AVENUE PEORIA IL 616250001 234174780 0 X WWW.BRADLEY.EDU X 1897 IL BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE. 20 19 3050 480 1902941 1703895 19465936 15604892 203538106 194838136 -2108448 11552849 2862911 4434866 223758505 226430743 82977716 83447937 0 0 96045278 92124655 0 0 3225132 67843460 64936648 246866454 240509240 -23107949 -14078497 706507436 716974561 196037460 188574013 510469976 528400548 X BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE. 0 0 223976142 83447937 199047727 BRADLEY UNIVERSITY IS A PRIVATE UNIVERSITY IN PEORIA, ILLINOIS, THAT ENROLLS NEARLY 5,000 UNDERGRADUATE AND GRADUATE STUDENTS, OFFERING UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS IN BUSINESS, COMMUNICATIONS, EDUCATION, ENGINEERING, FINE ARTS, HEALTH SCIENCES, LIBERAL ARTS AND SCIENCES, AND TECHNOLOGY. 223976142 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 372 14 1 3050 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X BETSY HULL 3096773117 1501 W BRADLEY AVE PEORIA IL 61548 STEPHEN STANDIFIRD PRESIDENT 50.00 X X 456539 0 51355 MATTHEW VONACHEN VICE CHAIR 5.00 X 0 0 0 SHARON DESMOOULIN-KHERAT SECRETARY 5.00 X 0 0 0 MELVIN FLOWERS TRUSTEE 5.00 X 0 0 0 LEO HARMON TRUSTEE 5.00 X 0 0 0 KATHLEEN MB HOLST TRUSTEE 5.00 X 0 0 0 RAY LAHOOD TRUSTEE 5.00 X 0 0 0 STEPHEN LEWIS TRUSTEE 5.00 X 0 0 0 JONATHAN MICHAEL VICE CHAIR 5.00 X 0 0 0 CHERYL PROCTER-ROGERS TRUSTEE 5.00 X 0 0 0 GLENN ROSS TRUSTEE 5.00 X 0 0 0 KEVIN SCHLOEPLEIN TRUSTEE 5.00 X 0 0 0 MICHAEL SCIMO TRUSTEE 5.00 X 0 0 0 JAMES SHADID TRUSTEE 5.00 X 0 0 0 DEBBIE SIMON TRUSTEE 5.00 X 0 0 0 CURTIS STAKER TRUSTEE 5.00 X 0 0 0 HENRY VICARY TRUSTEE 5.00 X 0 0 0 CELSO WHITE TRUSTEE 5.00 X 0 0 0 JENNY WILCOSKI TRUSTEE 5.00 X 0 0 0 GARRET WILLIAMS TRUSTEE 5.00 X 0 0 0 ERIN KASTBERG VP LEGAL AFFAIRS & GEN. COUNSEL 50.00 X 242195 0 47515 DENNIS KOCH ASSOCIATE VP FINANACIAL SERVICES 50.00 X 153481 0 28039 JASON PETROVICH VICE PRESIDENT FOR ADVANCEMENT 50.00 X 265505 0 36052 WALTER ZAKAHI SENIOR VP ACADEMIC AFFAIRS 50.00 X 284330 0 40413 WARREN ANDERSON VP DEI 50.00 X 221425 0 26856 NATHAN THOMAS VP STUDENT AFFAIRS 50.00 X 225385 0 15710 RALPH CHRISTOPHER REYNOLDS VP INTERCOLLEGIATE ATHLETICS 50.00 X 428023 0 52648 CHRISTOPHER JONES INT. PROVOST SR VP ACAD. AFFAIRS 50.00 X 246745 0 17325 KRISHNANAND MAILLACHERUVU INTERIM DEAN 50.00 X 228323 0 27356 CHING-SHIHN J CHEN CHAIR IMET 50.00 X 243949 0 28957 JESSICA CLARK DEAN EDUCATION AND HEALTH SCIENCE 50.00 X 278126 0 48151 BRIAN WARDLE MEN'S BASKETBALL COACH 50.00 X 882269 0 52687 JOSHUA LEWER CHAIR ECON & FINANCE 50.00 X 217218 0 39387 SHERYL COX FORMER COO/CFO (THRU 4/21/23) 50.00 X 184946 0 20891 4558459 0 533342 183 1 1 0 TLT ENTERPRISES 10108 INDUS CV AUSTIN TX 78730 EMMC OVERSIGHT 522033 NEPC LLC 255 STATE STREET BOSTON MA 02109 INVESTMENT SERVICES 455035 MILLER HALL & TRIGGS 416 MAIN STREET PEORIA IL 616021161 LEGAL SERVICES 366311 CHARTER LOGISTICS GROUP LLC 3600 DRANE FIELD RD LAKELAND FL 33811 AIR TRAVEL FOR ATHLETICS 364491 CENTRIC CONSULTING LLC 10564 SUCCESS LANE SUITE D DAYTON OH 45458 DIGITAL, BUSINESS, AND TECH. SERVICES 236692 14 65445 4382793 11156654 321166 15604892 INSTRUCTION & RESEARCH 611600 168016377 168016377 AUXILIARY SERVICE 721310 14450701 14450701 FOOD SERVICE REVENUE 611710 8644882 8644882 INTERCOLLEGIATE ATHLETICS 611710 2538646 2538646 CONTRACT REVENUE 900099 1173796 1173796 13734 13734 194838136 19179151 1823800 17355351 113527 34386 79141 79141 79141 7619861 6441 -7619861 -6441 -7626302 -7626302 162505 44323 118182 118182 66978 39026 27952 27952 MISCELLANEOUS REVENUE 611710 4209591 4209591 4209591 226430743 199047727 1902941 9875183 83447937 83447937 3174382 2825200 253951 95231 73290748 64933706 5985677 2371365 3694284 3386320 307964 6595699 6046024 549675 5369542 4922129 447413 2411023 1945914 440576 24533 362630 296365 66265 127610 127610 1618133 1618133 1903219 1903219 988831 887015 74116 27700 7473108 6841450 285680 345978 3660611 3622295 36353 1963 16225291 15710681 514462 148 3406285 3142205 149520 114560 1362600 1300550 59812 2238 5401251 4932174 469077 13530402 13530402 2191987 2122485 69502 OTHER OPERATING EXPENSE 2516356 2180071 94869 241416 OTHER NONOPERATING EXPE 1757311 1757311 240509240 223976142 13307966 3225132 11729125 17519667 701173 2589167 4608337 4530412 3398833 1375434 1369688 592128159 266370937 336817692 325757222 89589093 212186807 257921061 149533772 26027 1929425 1899062 706507436 716974561 24482302 20870725 3076165 2358585 140644848 136506765 852295 679093 2115493 3231917 24866357 24926928 196037460 188574013 X 360805313 370803038 149664663 157597510 510469976 528400548 706507436 716974561 X -14078497 37388935 -5379866 X X 0 1 X 1 1 1 X 22203423 12870205 22673041 19465936 15604892 92817497 22203423 12870205 22673041 19465936 15604892 92817497 5446806 87370691 13716977 14137820 15214385 15851298 17355351 76275831 39190 -115959 741811 838079 1902941 3406062 172499390 1007945468 0.50650 0.50170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92159 X X X 0 352647637 5788519 47703200 6049025 10393441 1614147 388082743 353099209 12130571 2505361 6001575 8257165 828764 352647637 395562588 4333808 -31406622 6001220 8218811 1170534 353099209 312877645 4650075 91694274 5414065 7332341 913000 395562588 308398725 11416273 4998917 5058010 5772939 1105321 312877645 0.48290 0.47800 0.03910 1 0 25221565 25221565 450322093 165427066 284895027 85103172 76489519 8613653 31481329 24454352 7026977 325757222 67708104 F 55637331 F MORTGAGES AND NOTES 293305 C OTHER 9550843 C REAL ESTATE & FARMS 15090219 F LIFE INSURANCE POLICIES 1253970 F 149533772 POST-RETIREMENT BENEFITS OTHER THAN PENSIONS 22725543 STUDENT DEPOSITS 293765 LEASE LIABILITIES 1907620 24926928 X 173491477 37388935 -5379866 32009069 141482408 1618133 83330202 84948335 226430743 155560905 0 155560905 1618133 83330202 84948335 240509240 PART III, LINE 4: COLLECTION OF ART AND OTHER HISTORICAL TREASURES INCLUDE VARIOUS SCULPTURES, PAINTINGS, AND OTHER WORKS OF ART; SEA CHART; HISTORICAL MAPS OF AMERICA; ANTIQUE WATCH FROM WHEN THE UNIVERSITY WAS A COLLEGE OF HOROLOGY; AND HISTORICAL BOOKS. THESE ITEMS ARE ON DISPLAY IN THE LIBRARY AND OTHER PARTS OF CAMPUS AND SERVE TO FURTHER THE UNIVERSITY'S EDUCATIONAL PURPOSE IN THE ARTS, HISTORY, AND THE HUMANITIES IN GENERAL. PART V, LINE 4: THE UNIVERSITY ENDOWMENT SERVES TO SUPPORT THE EDUCATIONAL MISSION OF THE UNIVERSITY BY PROVIDING SUBSTANTIAL AND SUSTAINABLE FLOW OF FUNDS TO THE OPERATING BUDGET AND RESTRICTED FUNDS IN ORDER TO SUPPORT THE LONG-TERM GOALS OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE APPLICABLE U.S. AND ILLINOIS INTERNAL REVENUE CODES FOR RELATED INCOME. NO PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE UNIVERSITY BELIEVES THERE IS NO SIGNIFICANT UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: POST RETIREMENT BENEFITS RELATED CHANGES -5,712,933. SWAP CONTRACT GAIN 371,516. SPLIT INTEREST -38,449. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -34,386. FUNDRAISING EXPENSES -44,323. GAMING EXPENSES -39,026. FINANCIAL AID 83,447,937. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -34,386. FUNDRAISING EXPENSES -44,323. GAMING EXPENSES -39,026. FINANCIAL AID 83,447,937. 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 FOLLOWING STATEMENT IS CONSPICUOUSLY DISPLAYED IN ALL ADMISSIONS MATERIAL INCLUDING UNIVERSITY CATALOGS: "BRADLEY UNIVERSITY IS COMMITTED TO A POLICY OF NON-DISCRIMINATION AND THE PROMOTION OF EQUAL OPPORTUNITIES FOR ALL PERSONS REGARDLESS OF AGE, COLOR, CREED, DISABILITY, ETHNICITY, MARITAL STATUS, NATIONAL ORIGIN, RACE, RELIGION, SEX, SEXUAL ORIENTATION, OR VETERAN STATUS. THE UNIVERSITY IS ALSO COMMITTED TO COMPLIANCE WITH ALL APPLICABLE LAWS REGARDING NON-DISCRIMINATION, HARASSMENT AND AFFIRMATIVE ACTION." SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVED TITLE IV FEDERAL FUNDS. EUROPE 0 0 PROGRAM SERVICES EDUCATION ABROAD 347244 0 0 0 0 0 0 347244 0 347244 1 0 0 0 1 0 AUCTION 124424 124424 12571 13685 2530 GOLF OUTING 38081 38081 6988 8153 396 162505 162505 6988 20724 13685 2926 44323 118182 66978 33029 5997 1 0.75000 66978 33029 5997 39026 27952 IL 1 0 1 0 0.00000 1.00000 BRAD CHANDLER 1501 W BRADLEY AVE PEORIA IL 61625 0 BRAD CHANDLER BOOKS & RECORDS X 0 1 EMPLOYEE TUITION REMISSION 172 2708419 BASED ON TUITION CHARGES EMPLOYEE DISCOUNT ON TUITION AWARDS 170 117407 FMV UNIVERSITY GRANT AND SCHOLARSHIPS 3306 73124226 BASED ON FORMULA GRANTS AND SCHOLARSHIPS OTHER TUITION WAIVERS 31 530344 BASED ON TUITION CHARGES SPECIAL AFFINITY WAIVERS GRADUATE SCHOLARSHIPS 492 1139898 BASED ON FORMULA GRANTS AND SCHOLARSHIPS ATHLETIC SCHOLARSHIPS 207 4809468 IN CONFORMANCE WITH NCAA GUIDELINES SCHOLARSHIPS RESIDENT HALL SCHOLARSHIPS 113 1018175 BASED ON ROOM AND BOARD CHARGES SCHOLARSHIPS FOR ROOM AND BOARD PART I, LINE 2: THE UNIVERSITY UTILIZES THE POWERFAIDS FINANCIAL AID MANAGEMENT SYSTEM WHICH REQUIRES THE END USER TO TIE HIGHLY SPECIFIC ELIGIBILITY CRITERIA TO INDIVIDUAL FINANCIAL AID PROGRAMS. DURING EXECUTION OF THE AUTOMATED AWARDING MODULE WITHIN POWERFAIDS, AID IS ALLOCATED BASED ON THE PRE-ESTABLISHED CRITERIA ENSURING THAT GRANT FUNDS ARE ONLY DISTRIBUTED TO APPROPRIATE, QUALIFIED RECIPIENTS. POST AUTO-AWARDING A SERIES OF MISINFORMATION REPORTS PERFORM A STUDENT-BY-STUDENT TEST OF AWARD EFFICACY MONITORING THAT STUDENT GRANT AID HAS BEEN APPROPRIATELY DISTRIBUTED. WITHIN THE STUDENT ACCOUNTS SYSTEM AND GENERAL LEDGER STUDENT GRANT PROGRAMS EXPENDITURES ARE ASSIGNED SUB-CODES THAT UNIQUELY IDENTIFY THEM AS SUCH THUS PROHIBITING ANY INADVERTANT OR INAPPROPRIATE DISTRIBUTION. THE UNIVERSITY HAS ESTABLISHED APPROPRIATE CONTROLS THROUGH SEPARATION OF RESPONSIBILITIES AND INTERNAL AUDIT PROCEDURES THAT PRECLUDE ANY ENTITY WITHIN THE ADMINISTRATIVE STRUCTURE FROM DIVERTING STUDENT GRANT AID TO NONQUALIFIED USES. SCHEDULE I, PART III, COLUMN D THE "NON-CASH ASSISTANCE" REPORTED ARE CREDITS AGAINST STUDENT TUITION CHARGES. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 BRIAN WARDLE MEN'S BASKETBALL COACH 790152 0 0 0 92117 0 23100 0 29587 0 934956 0 0 0 STEPHEN STANDIFIRD PRESIDENT 402539 0 54000 0 0 0 23100 0 28255 0 507894 0 0 0 RALPH CHRISTOPHER REYNOLDS VP INTERCOLLEGIATE ATHLETICS 341325 0 70000 0 16698 0 23100 0 29548 0 480671 0 0 0 JESSICA CLARK DEAN EDUCATION AND HEALTH SCIENCE 253477 0 0 0 24649 0 18564 0 29587 0 326277 0 0 0 WALTER ZAKAHI SENIOR VP ACADEMIC AFFAIRS 284330 0 0 0 0 0 20428 0 19985 0 324743 0 0 0 JASON PETROVICH VICE PRESIDENT FOR ADVANCEMENT 248888 0 0 0 16617 0 17792 0 18260 0 301557 0 0 0 ERIN KASTBERG VP LEGAL AFFAIRS & GEN. COUNSEL 241235 0 0 0 960 0 17851 0 29664 0 289710 0 0 0 CHING-SHIHN J CHEN CHAIR IMET 172820 0 0 0 71129 0 8925 0 20032 0 272906 0 0 0 CHRISTOPHER JONES INT. PROVOST SR VP ACAD. AFFAIRS 245785 0 0 0 960 0 17208 0 117 0 264070 0 0 0 JOSHUA LEWER CHAIR ECON & FINANCE 131976 0 0 0 85242 0 9723 0 29664 0 256605 0 0 0 KRISHNANAND MAILLACHERUVU INTERIM DEAN 228323 0 0 0 0 0 16208 0 11148 0 255679 0 0 0 WARREN ANDERSON VP DEI 221425 0 0 0 0 0 15708 0 11148 0 248281 0 0 0 NATHAN THOMAS VP STUDENT AFFAIRS 224425 0 0 0 960 0 15710 0 0 0 241095 0 0 0 SHERYL COX FORMER COO/CFO (THRU 4/21/23) 160375 0 0 0 24571 0 17967 0 2924 0 205837 0 0 0 DENNIS KOCH ASSOCIATE VP FINANACIAL SERVICES 153481 0 0 0 0 0 8007 0 20032 0 181520 0 0 0 PART I, LINE 1A ALL BENEFITS IDENTIFIED IN PART 1, LINE 1A ARE TREATED AS TAXABLE COMPENSATION. PART I, LINE 1B THE UNIVERSITY HAS A POLICY FOR CHARTER TRAVEL. HOWEVER, FOR ALL OTHER COMPONENTS INDICATED, THE UNIVERSITY PROVIDES FOR IN A WRITTEN CONTRACT WITH THE EMPLOYEE. A ILLINOIS FINANCE AUTHORITY SERIES 2017C 861091967 45204EWY0 2017-09-19 39500000 REFUND BONDS ISSUED ON 4/17/07 0 0 0 B ILLINOIS FINANCE AUTHORITY SERIES 2021 A&B 861091967 2021-10-28 99065000 REFUND BONDS ISSUED 3/25/08 & 9/19/17 0 0 0 C ILLINOIS FINANCE AUTHORITY SERIES 2024 861091967 2024-04-30 16990000 REFUND BONDS ISSUED 10/28/21 0 0 0 A 7740000 39500000 39342401 157599 2018 1 0 1 1 B 21480000 99629094 99065000 564094 2021 1 0 1 1 C 17378795 16990000 388795 2024 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 X 21 257605 FMV X MISCELLANEOUS 85 63561 FMV 0 1 0 PART I, COLUMN (B): LINE 9: NUMBER OF EACH CONTRIBUTOR RESPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION B, LINE 11B COMPLETE 990 WAS MADE AVAILABLE TO ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE TRUSTEES OF THE BOARD COMPLETE CONFLICT OF INTEREST FORMS. FORMS ARE REVIEWED AND DISCLOSED TO THE EXECUTIVE COMMITTEE AS APPROPRIATE. CONFLICT OF INTEREST FORMS ARE ALSO COMPLETED ANNUALLY BY OFFICERS AND KEY EMPLOYEES. FORMS ARE REVIEWED BY THE PRESIDENT. THE PRESIDENT'S CONFLICT OF INTEREST FORM IS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEEES. FACULTY MUST CERTIFY TO THEIR DEPARTMENT CHAIRS ON AN ANNUAL BASIS THEIR COMPLIANCE WITH THE UNIVERSITY'S CONFLICT OF COMMITMENT AND CONFLICT OF INTEREST POLICIES BY COMPLETING A FORM. THE DEPARTMENT CHAIR FORWARDS THESE CERTIFICATIONS TO THE PROVOST. IF THERE IS A CONFLICT, AN AD HOC DISCLOSURE FORM IS COMPLETED. AFTER DEPARTMENT CHAIR REVIEWS, THIS FORM IS FORWARDED TO THE DEAN, THEN PROVOST FOR APPROVAL OF DETERMINATION. CERTAIN ADMINISTRATIVE AND PROFESSIONAL STAFF AT THE UNIVERSITY ARE ALSO REQUIRED TO COMPLETE CONFLICT OF INTEREST FORMS. THESE FORMS ARE THEN REVIEWED BY THEIR DIRECTORS AND FORWARDED TO THE APPROPRIATE VICE PRESIDENT FOR REVIEW, APPROVAL, AND DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S COMPENSATION BASED UPON FORM 990 OF OTHER ORGANIZATIONS AND COMPENSATION SURVEYS. A WRITTEN EMPLOYMENT CONTRACT IS ISSUED. THE UNIVERSITY PRESIDENT DETERMINES COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES BASED UPON COMPENSATION SURVEYS. THIS IS THEN SUBMITTED TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. A WRITTEN EMPLOYMENT CONTRACT IS ISSUED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: SWAP CONTRACT GAIN 371,516. CHANGES IN SPLIT DOLLAR INTEREST -38,449. POST RETIREMENT BENEFITS RELATED CHARGES -5,712,933. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.