2023-05-11T07:33:07-05:00 2022-06-30 363168081 SIKICH LLP 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2021-07-01 370661491 BLACKBURN UNIVERSITY BLAC 2178543231 700 COLLEGE AVENUE 1 CARLINVILLE IL 62626 GREG MEYER PRESIDENT 2178543231 2023-05-10 1 GREG MEYER 999009999 JILL M BOYLE CPA P01246734 2177933363 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BLACKBURN COLLEGE GREG MEYER 700 COLLEGE AVENUE 1 CARLINVILLE IL 62626 28782926 0 X WWW.BLACKBURN.EDU X UNIVERSITY 1837 IL COMBINE LIBERAL ARTS EDUCATION & WORK PROGRAM TO PREPARE GRADUATES FOR CAREERS AND LIFELONG LEARNING. 22 22 454 150 12902 11780 8066140 9665375 14177788 11764401 95339 2702312 237166 402612 22576433 24534700 4652654 5034758 0 0 8986559 9066159 0 0 652031 6885079 6266460 20524292 20367377 2052141 4167323 77085643 75792184 11047010 11252146 66038633 64540038 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. 0 0 15310445 5034758 12070673 ACADEMIC PROGRAMS - 414 STUDENTS SERVED DURING THE FALL SEMESTER 2021; 344 STUDENTS SERVED DURING THE SPRING SEMESTER 2022. 15310445 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 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 67 0 454 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2178545508 700 COLLEGE AVENUE 1 CARLINVILLE IL 62626 MICHAEL SMILEY CHAIR BOT 1.00 X X 0 0 0 CRESS MADDOX SECRETARY BOT 1.00 X X 0 0 0 PAUL TEPIKIAN VICE CHAIR BOT 1.00 X X 0 0 0 JEROME ADAMS TRUSTEE 1.00 X 0 0 0 JIM ALLEN TRUSTEE 1.00 X 0 0 0 DAN ANDERSON TRUSTEE 1.00 X 0 0 0 LISA BLACK-GOMEZ TRUSTEE 1.00 X 0 0 0 LOIS DEFLEUR TRUSTEE 1.00 X 0 0 0 KENNETH DEIHL TRUSTEE 1.00 X 0 0 0 DEANNA DEMUZIO 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 CINDY GRAU TRUSTEE 1.00 X 0 0 0 JENNIFER HAMILTON EXECUTIVE COMMITTEE MEMBER 1.00 X 0 0 0 TOM HEINZ TRUSTEE 1.00 X 0 0 0 ROCHELLE HENDERSON TRUSTEE 1.00 X 0 0 0 CYNTHIA LAMAR TRUSTEE 1.00 X 0 0 0 THOMAS LOCASCIO TRUSTEE 1.00 X 0 0 0 GEORGE MALO TRUSTEE 1.00 X 0 0 0 STANLEY PILLMAN EXECUTIVE COMMITTEE MEMBER 1.00 X 0 0 0 GEORGE PRECKWINKLE TRUSTEE 1.00 X 0 0 0 SARAH ROBISON 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 MADONNA TIDEMAN TRUSTEE 1.00 X 0 0 0 JEFF APERS TRUSTEE 1.00 X 0 0 0 LAUREN DODGE VP INSITUTIONAL ADVANCEMENT (NOV 22) 50.00 X 120583 0 6029 MARK BIERMANN PRESIDENT 50.00 X 218818 0 21561 JOHN MCCLUSKY PROVOST (END AUG 21) 50.00 X 118846 0 4546 CHRIS BURNLEY VPAF (END AUG 21) 50.00 X 98436 0 4359 KEN LILLY INTERIM VPAF (FROM SEPT 21) 50.00 X 0 0 0 556683 0 36495 3 0 1 0 FRESH IDEAS 3220 VANDIVER DR COLUMBIA MO 65202 FOOD SERVICE 794142 JUN CONSTRUCTION CO 15209 U S HIGHWAY 67 P O BOX 263 GODFREY IL 620350263 GENERAL CONTRACTOR 256005 AGB SEARCH 1133 20TH ST NW SUITE 300 WASHINGTON DC 20036 EXECUTIVE SEARCH 140206 FULLY DISBURSED LLC 1000 COPPER CANYON ROAD ARGYLE TX 76226 FINANCIAL AID CONSULTING 138484 CFO COLLEAGUE LLC 419 LAKE VIEW WAY AUBURNDALE FL 33823 EDUCATION CONSULTING 137842 5 3668838 5996537 3484247 9665375 TUITION & FEES 611600 9563884 9563884 AUXILLARY ENTERPRISES 611600 2200517 2200517 11764401 83456 12902 70554 1863 1863 273928 18542 255386 255386 255386 6803473 4184617 2618856 2618856 2618856 95953 45067 50886 50886 OTHER INCOME 611600 94477 94477 94477 24534700 12070673 12902 2785750 5034758 5034758 549355 388994 124445 35916 7360943 5000995 1983902 376046 716398 462642 224364 29392 439463 289263 121096 29104 88843 88843 1251023 328744 867130 55149 93389 48837 27968 16584 316927 9811 304814 2302 227173 152310 32876 41987 293474 293474 1230100 745700 484400 189918 16000 173918 FOOD & HEALTH SERVICES 802559 789446 13013 100 ALL OTHER 739188 307758 378712 52718 EQUIPMENT & SUPPLIES 500486 287739 200014 12733 BAD DEBT 312015 312015 221365 1447448 -1226083 20367377 15310445 4404901 652031 2744189 2405587 2483 8862 92511 34146 1096392 797655 2178601 2062409 51229 58173 131256 146972 48772040 20454055 28690876 28317985 284441 207924 36946088 38277588 4867577 3474883 77085643 75792184 550210 1061349 341308 628130 5239137 4954106 2469235 2379012 2447120 2229549 11047010 11252146 X 36842594 35235982 29196039 29304056 66038633 64540038 77085643 75792184 X 4167323 -4036405 -1629513 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34394480 653323 -2457570 1088837 1499728 30001668 26320519 2601325 6270328 1097665 -299973 34394480 25820454 1748783 303899 1571252 -18635 26320519 26605952 344067 1721539 3719204 160890 24791464 22074568 648814 1647736 921000 80860 23369258 0.09590 0.90410 0 0 14900 14900 40702039 16377252 24324787 7528715 4076803 3451912 526386 526386 28317985 REAL ESTATES HELD FOR INVESTMENT - FARM LAND 12105664 F COMMONFUND: MULTI STRATEGY EQUITY FUND 12489607 F COMMONFUND: MULTI STRATEGY BOND FUND 6584264 F CAPITAL PARTNERS VI, LP 361951 F CAPITAL PARTNERS VII, LP 1055469 F CAPITAL PARTNERS VIII, LP 639454 F LIFE INSURANCE 27653 F OTHER INVESTMENTS 3997 F MONEY MARKET FUND 5009529 F 38277588 SPLIT INTEREST AGREEMENTS 147184 PERKINS LOAN PROGRAM 65433 CAPITAL LEASES PAYABLE 1901358 DEPOSITS HELD IN CUSTODY FOR OTHERS 115574 2229549 X 16352860 -4036405 76494 -3959911 20312771 88843 4133086 4221929 24534700 16509485 63609 63609 16445876 88843 3832658 3921501 20367377 PART V, LINE 4: TO PROVIDE FOR SCHOLARSHIP FUNDS AND AWARDS FOR BLACKBURN STUDENTS AND FOR ONGOING MAINTENANCE AND UPKEEP OF THE BLACKBURN CAMPUS. PART X, LINE 2: THE COLLEGE IS A NOT-FOR-PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC AND SIMILAR PROVISIONS OF THE STATE TAX CODE. THE COLLEGE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 45,067. CHANGES IN SPLIT-INTEREST AGREEMENT 12,885. RENT EXPENSE 18,542. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 3,832,658. CHANGES IN VALUE OF INTEREST IN PERPETUAL TRUST 300,428. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 45,067. RENT EXPENSE 18,542. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 3,832,658. 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 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES: FEDERAL WORK COLLEGE $936,243 FEDERAL SEOG $53,686 PELL $1,146,724 HEERF $2,533,687 IL MAP $877,292 1 SCHOLARSHIPS 330 3832658 HEERF ARP 350 1202100 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 X X X 1 1 X X 0 0 0 0 0 0 0 0 0 MARK BIERMANN PRESIDENT 218818 0 0 0 0 0 4125 0 17436 0 240379 0 0 0 PART I, LINE 1A THE PRESIDENT'S CONTRACT DETAILS THE VARIOUS PERSONAL SERVICES TO BE PAID ON HER BEHALF. 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 1283803 5000000 76000 4924000 2016 1 0 1 1 B 2762091 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. X 9 237343 FMV X 1 3081000 FMV X STORE CREDIT 1 10000 FMV X MATERIALS/SUPPLIES 1 432 FMV 1 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 12,885. CHANGE IN VALUE OF INTEREST IN PERPETUAL TRUST -300,428. PRIOR PERIOD ADJUSTMENT -1,341,970.