2025-05-15T13:38:50-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2023-07-01 231352655 LINCOLN UNIVERSITY LINC 4843658000 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 WILBOURNE RUSERE VP OF FINANCE & ADMINISTRATION 4843658000 2025-05-15 1 0 LAURA J KENNEY P00202198 6177170831 2025-05-15 2023 2025-03-06 01:10:19Z WILBOURNE RUSERE 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 86503371 0 X WWW.LINCOLN.EDU X UNIVERSITY 1854 PA SEE SCHEDULE OLINCOLN UNIVERSITY IS A PUBLIC, HISTORICALLY BLACK UNIVERSITY (HBCU) THAT PROVIDES A LIBERAL ARTS EDUCATION ON THE UNDERGRADUATE LEVEL ON ITS MAIN, RESIDENTIAL CAMPUS IN CHESTER COUNTY, PA; AND PROFESSIONAL AND CONTINUING EDUCATION PROGRAMS ON ITS URBAN CAMPUS IN PHILADELPHIA. 32 30 918 250 413446 0 20754938 24980179 37611485 60392649 2601 175036 1891768 596260 60260792 86144124 2409704 16246728 0 0 33961272 34076286 0 0 1364248 36470008 38748099 72840984 89071113 -12580192 -2926989 305378364 333454793 38284513 36404275 267093851 297050518 LINCOLN UNIVERSITY IS A PUBLIC, HISTORICALLY BLACK UNIVERSITY (HBCU) THAT PROVIDES A LIBERAL ARTS BASED, UNDERGRADUATE EDUCATION ON ITS MAIN RESIDENTIAL CAMPUS IN CHESTER COUNTY, PENNSYLVANIA; AND PROFESSIONAL PROGRAMS ON ITS URBAN CAMPUS IN PHILADELPHIA. 0 0 71500067 16246728 60392649 EDUCATION, GENERAL/OTHER: ACADEMIC SUPPORT, STUDENT SERVICES AND SCHOLARSHIPS. THESE PROGRAMS PROVIDE GENERAL SUPPORT TO STUDENTS FOR HOUSING, FINANCIAL AID, COUNSELING, HEALTH INSURANCE AND STUDENT GOVERNMENT, INSTRUCTION AND LIBRARY, AUXILIARY ENTERPRISES, COST OF STUDENT HOUSING AND MEALS, RESEARCH AND SPONSORED PROGRAMS PRIMARILY CONSISTING OF GRANTS FUNDED BY FEDERAL, STATE, AND LOCAL GOVERNMENTS TO SUPPORT THE UNIVERSITY'S INSTRUCTIONAL MISSION. 71500067 1 1 0 0 0 0 0 1 0 1 1 0 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 0 0 0 0 0 1 0 0 0 1 348 0 1 918 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 30 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X X WILBOURNE RUSERE 4843658000 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 DR BRENDA A ALLEN PRESIDENT 37.50 2.50 X X 436092 0 110467 AVA WILLIS BARKSDALE VP OF ADVANCEMENT 2.50 37.50 X 226268 0 30643 CHARLES GRADOWSKI VP OF FINANCE & ADMIN TO DEC 2023 37.50 2.50 X 192962 0 29802 DR PATRICIA JOSEPH PROVOST & DEAN OF FACULTY 37.50 0.00 X 184428 0 28727 DR LENETTA LEE VP OF STUDENT SUCCESS 37.50 0.00 X 185711 0 20842 DR KEVIN FAVOR PROFESSOR 37.50 0.00 X 173509 0 17177 YEDA L AUTEN-ARSCOTT ASSOCIATE VP OF FACILITIES 37.50 0.00 X 161706 0 16070 DR WILLIAM DADSON PROFESSOR 37.50 0.00 X 150566 0 21637 DR TIFFANY LEE CHIEF OPERATING OFFICER 37.50 0.00 X 144401 0 24981 JAKE TANKSLEY VP OF HUMAN RESOURCES 37.50 0.00 X 143046 0 24757 ROBERT MILLETTE PROFESSOR 37.50 0.00 X 127553 0 26964 DANA ROBERT FLINT PROFESSOR 37.50 0.00 X 130029 0 23501 JUSTIN MCKENZIE CHIEF INFORMATION OFFICER 37.50 0.00 X 142304 0 2003 DR KAREN BASKERVILLE TRUSTEE - FACULTY REPRESENTATIVE 37.50 0.00 X 101582 0 13122 WILBOURNE RUSERE VP OF FINANCE & ADMIN AS OF JAN 2024 37.50 2.50 X 0 0 0 GERALD BRUCE CHAIR 0.25 4.00 X X 0 0 0 JAMES W JORDAN VICE CHAIR 0.25 0.00 X X 0 0 0 JALILA PARKER SECRETARY 0.25 0.00 X X 0 0 0 HENRY M LANCASTER II PARLIMENTARIAN 0.25 0.00 X X 0 0 0 ROBERT L ARCHIE JR TRUSTEE 0.25 0.00 X 0 0 0 STEVEN BOARD TRUSTEE 0.25 0.00 X 0 0 0 HASHONE CARRY TRUSTEE 0.25 0.00 X 0 0 0 OWEN COOKS TRUSTEE 0.25 0.00 X 0 0 0 VAN CORBIN TRUSTEE 0.25 0.00 X 0 0 0 HONORABLE ANDREW E DINNIMAN TRUSTEE 0.25 0.00 X 0 0 0 WILLIAM F DUNBAR TRUSTEE 0.25 0.00 X 0 0 0 MICHAEL HANCOCK TRUSTEE 0.25 0.00 X 0 0 0 DR TIFFANY L HARRISON TRUSTEE 0.25 0.00 X 0 0 0 LISA MB JOHNSON TRUSTEE 0.25 0.00 X 0 0 0 DR MARY JOHNSON-OSIRIM TRUSTEE 0.25 0.00 X 0 0 0 NANDI JONES-CLEMENT TRUSTEE 0.25 0.00 X 0 0 0 DR WILBERT LAVIEST TRUSTEE 0.25 0.00 X 0 0 0 BERTRAM L LAWSON II TRUSTEE 0.25 0.00 X 0 0 0 STEVEN KENRIC LEWIS TRUSTEE 0.25 0.00 X 0 0 0 EVERRETT LOVE TRUSTEE 0.25 0.00 X 0 0 0 DR KHALID N MUMIN TRUSTEE 0.25 0.00 X 0 0 0 DR RODNEY S RIDLEY TRUSTEE 0.25 0.00 X 0 0 0 DR CHARMAINE SPENCE ROCHESTER TRUSTEE 0.25 0.00 X 0 0 0 JOSE SABASTRO TRUSTEE 0.25 0.00 X 0 0 0 HONORABLE JOSH SHAPIRO TRUSTEE 0.25 0.00 X 0 0 0 SANDRA F SIMMONS TRUSTEE 0.25 0.00 X 0 0 0 KEVIN E VAUGHAN TRUSTEE 0.25 0.00 X 0 0 0 DR COREY DB WALKER TRUSTEE 0.25 0.00 X 0 0 0 JOSEPH V WILLIAMS JR TRUSTEE 0.25 0.00 X 0 0 0 GREGORY S WORKS TRUSTEE 0.25 0.00 X 0 0 0 ROBERT A ALLEN TRUSTEE TO SEP 2023 0.25 0.00 X 0 0 0 REV DR FRANCES E PAUL TRUSTEE TO SEP 2023 0.25 0.00 X 0 0 0 2500157 0 390693 51 0 1 0 ARAMARK MANAGEMENT SERVICES 1741 BUSINESS CENTER DRIVE RESTON VA 20190 FACILITIES MAINTENANCE CONTRACT 6526523 THOMPSON HOSPITALITY 505 HUNTMAR PARK DRIVE SUITE 350 HERNDON VA 20170 FOOD SERVICE PROVIDER 5317856 CDW GOVERNMENT INC 230 N MILWAUKEE AVENUE VERNON HILLS IL 60061 IT HARDWARE 1748091 ELLUCIAN COMPANY 2003 EDMOND HALLEY DR SUITE 500 RESTON VA 20191 SOFTWARE 1233081 GRADUATE PROGRAM RECRUITMENT SOLUTIONS 121 N MAIN ST STE 109 SOUDERTON PA 18967 MARKETING & COMMUNICATIONS 815266 49 4500000 18401000 2079179 24980179 TUITION AND FEES 611310 35062481 35062481 ROOM AND BOARD 611310 17596509 17596509 CONTRACTS & SPONSORED ACTIVITIES 611310 7733659 7733659 60392649 175036 175036 686285 0 686285 686285 503471 182814 269222 359247 -90025 -90025 86144124 60392649 413446 357850 X 16246728 16246728 3657688 3605317 52371 22410021 20315997 1334874 759150 2281754 1553263 675205 53286 3678301 2052019 1496044 130238 2048522 1395012 597440 56070 40241 40241 151380 151380 95110 95110 13842945 12387738 1432468 22739 1422253 29867 1385784 6602 3323529 2160791 951371 211367 385424 359534 25890 6011339 5870275 130675 10389 457809 444166 13368 275 1646081 1307097 277223 61761 2671049 2671049 6836385 6836385 1323647 6887 1316760 REPAIRS & MAINTENANCE 540907 534308 6599 89071113 71500067 16206798 1364248 871304 6606025 1885177 846046 4939049 4964152 1720423 1906663 201389 189562 812507 508140 441609840 184616167 244646991 256993673 47079658 47509248 2010469 2792276 12350405 305378364 333454793 5926887 4084703 1984523 1536940 23690420 23990453 2273996 3347212 1218035 886570 3190652 2558397 38284513 36404275 X 30872568 44873610 236221283 252176908 267093851 297050518 305378364 333454793 X -2926989 4459713 15552686 12871257 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 54129563 102570 4459711 2271913 95110 56324821 48966813 537499 5552607 1030282 -102926 54129563 57097013 309448 -7207298 1442598 -210248 48966813 45469662 341529 12464918 1279096 -100000 57097013 45713731 322491 846288 709808 703040 45469662 0.11371 0.30880 0.57749 0 0 1753058 1753058 332819551 136733992 196085559 83197407 24658436 58538971 23839824 23223739 616085 256993673 ASSET RETIREMENT OBLIGATION 651734 GOVERNMENT ADVANCES FOR STUDENT LOANS 1906663 2558397 X 93412986 4459711 19150989 23610700 69802286 95110 16246728 16341838 86144124 79009007 6279732 6279732 72729275 95110 16246728 16341838 89071113 PART III, LINE 1A: THE UNIVERSITY MAINTAINS COLLECTIONS OF ART AND LITERATURE. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS NET ASSETS WITH DONOR RESTRICTIONS, IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED ITEMS ARE NOT REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PROCEEDS FROM THE DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, SCIENTIFIC SPECIMENS AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. PART V, LINE 4: ENDOWMENT FUNDS ARE PRIMARILY ALLOCATED FOR FINANCIAL ASSISTANCE FOR STUDENTS ATTENDING THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). INCOME, WHICH UNRELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, MAY BE SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES AS UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A MORE LIKELY THAN NOT RECOGNITION THRESHOLD OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITION FOR THE YEAR ENDED JUNE 30, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST INCOME AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STATE CONTRIBUTIONS FOR CAPITAL PROJECTS 19,814,651. ENDOWMENT CONTRIBUTIONS 1,117,403. CHANGE IN BENEFICIAL INTEREST IN LINCOLN UNIVERSITY FOUNDATION -1,781,065. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 16,246,728. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION OF STATE CONTRIBUTED ASSETS 6,279,732. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 16,246,728. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S RACIAL, NONDISCRIMINATORY POLICY IS PUBLISHED IN THE STUDENT HANDBOOK AND MEDIA ADVERTISEMENTS. A LINK TO THE NONDISCRIMINATORY POLICY WITH REGARD TO STUDENTS IS POSTED ON THE UNIVERSITY'S WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 AS A STATE-RELATED UNIVERSITY, LINCOLN UNIVERSITY RECEIVES DIRECT APPROPRIATION FROM THE COMMONWEALTH OF PENNSYLVANIA. ADDITIONALLY, STUDENTS RECEIVE STATE AND TITLE IV FEDERAL AID THAT IS PAYABLE TO THE UNIVERSITY AND APPLIED TO STUDENTS' TUITION AND FEES. TITLE IV AID INCLUDES PELL GRANTS, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS (SEOG), AND ACADEMIC COMPETITIVENESS GRANTS (ACG), ALONG WITH FEDERAL LOANS. STATE AID FROM THE COMMONWEALTH INCLUDES PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) GRANTS. 1 SCHOLARSHIPS 1219 16246728 0 N/A N/A PART I, LINE 2: AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. SCHOLARSHIPS ARE PROVIDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. X X 1 1 X X 0 0 0 0 0 0 0 0 0 DR BRENDA A ALLEN PRESIDENT 436092 0 0 0 0 0 30500 0 79967 0 546559 0 0 0 AVA WILLIS BARKSDALE VP OF ADVANCEMENT 226268 0 0 0 0 0 21075 0 9568 0 256911 0 0 0 CHARLES GRADOWSKI VP OF FINANCE & ADMIN TO DEC 2023 192962 0 0 0 0 0 19380 0 10422 0 222764 0 0 0 DR PATRICIA JOSEPH PROVOST & DEAN OF FACULTY 184428 0 0 0 0 0 18360 0 10367 0 213155 0 0 0 DR LENETTA LEE VP OF STUDENT SUCCESS 185711 0 0 0 0 0 9684 0 11158 0 206553 0 0 0 DR KEVIN FAVOR PROFESSOR 173509 0 0 0 0 0 17177 0 0 0 190686 0 0 0 YEDA L AUTEN-ARSCOTT ASSOCIATE VP OF FACILITIES 161706 0 0 0 0 0 16070 0 0 0 177776 0 0 0 DR WILLIAM DADSON PROFESSOR 150566 0 0 0 0 0 10575 0 11062 0 172203 0 0 0 DR TIFFANY LEE CHIEF OPERATING OFFICER 144401 0 0 0 0 0 14559 0 10422 0 169382 0 0 0 JAKE TANKSLEY VP OF HUMAN RESOURCES 143046 0 0 0 0 0 14557 0 10200 0 167803 0 0 0 ROBERT MILLETTE PROFESSOR 127553 0 0 0 0 0 13418 0 13546 0 154517 0 0 0 DANA ROBERT FLINT PROFESSOR 130029 0 0 0 0 0 13079 0 10422 0 153530 0 0 0 PART I, LINE 1A PRESIDENT IS CONTRACTUALLY REQUIRED TO RESIDE ON CAMPUS. PRESIDENT'S RESIDENCE IS ALSO USED FOR VARIOUS UNIVERSITY AND BOARD FUNCTIONS. HOUSEKEEPING AND MAINTENANCE ARE PROVIDED FOR BY THE UNIVERSITY AND ARE DEEMED NONTAXABLE. A REVENUE REFUNDING BONDS SERIES A OF 2023 (TAX-EXEMPT)(SOCIAL BONDS) 231352655 53500AAA9 2023-12-21 23804712 SEE SCHEDULE K, PART VI 0 0 0 A 25785000 2379347 603083 20886585 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN (F): DESCRIPTION OF PURPOSE (A) REFUNDING A TERM LOAN THAT REFUNDED THE SERIES 2013 NOTES, FUNDING A DEPOSIT TO THE DEBT SERVICE RESERVE FUND FOR THE SERIES 2023 BONDS, AND PAYING ALL OR A PORTION OF THE COSTS OF ISSUANCE OF THE SERIES 2023 BONDS. SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUE (A) THE TOTAL PROCEEDS OF ISSUE INCLUDES BOND DISCOUNT OF $1,980,288 THAT IS NOT INCLUDED IN THE ISSUE PRICE REPORTED IN SCHEDULE K, PART I, COLUMN (E). SCHEDULE K, PART II, LINE 4: GROSS PROCEEDS IN RESERVE FUNDS (A) GROSS PROCEEDS IN RESERVE FUNDS INCLUDES INVESTMENT EARNINGS OF $64,303. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD, ELECTED OFFICERS OF THE BOARD, BOARD COMMITTEE CHAIRPERSONS, THE PRESIDENT, EX-OFFICIO, AND NOT LESS THAN ELEVEN NOR MORE THAN THIRTEEN MEMBERS APPOINTED BY THE CHAIR OF THE BOARD, SUBJECT TO THE APPROVAL OF THE BOARD. EXCEPT FOR THE APPOINTMENT OR TERMINATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNOR OF THE COMMONWEALTH OF PENNSYLVANIA, THE SECRETARY OF EDUCATION OF THE COMMONWEALTH, AND THE PRESIDENT OF THE UNIVERSITY ARE REQUIRED TO BE MEMBERS OF THE BOARD OF TRUSTEES. FOUR TRUSTEES ARE APPOINTED BY THE GOVERNOR, WITH THE ADVICE AND CONSENT OF TWO-THIRDS OF ALL THE MEMBERS OF THE SENATE, AND FOUR BY THE PRESIDENT PRO TEMPORE OF THE SENATE, AND FOUR BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. A COPY IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES MONITORS AND TRACKS COMPLIANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. ISSUANCE AND COLLECTION OF ANNUAL STATEMENTS IS COORDINATED BY THE VICE PRESIDENT OF FINANCE & ADMINISTRATION. THE CHAIR OF THE BOARD AND THE CHAIR OF THE AUDIT COMMITTEE ARE PROVIDED WITH COPIES OF ALL STATEMENTS. ENFORCEMENT OF THE POLICY AND OVERSIGHT OF ANY REPORTED CONFLICTS ARE ADJUDICATED BY THE TWO CHAIRS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD SETS AND APPROVES THE PRESIDENT'S COMPENSATION. ALL OTHER EMPLOYEE COMPENSATION IS ADMINISTERED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT THROUGH THE UNIVERSITY'S BUDGET PROCESS. THE BOARD AND VARIOUS BOARD COMMITTEES ARE PROVIDED WITH THE YEARLY OPERATING AND CAPITAL BUDGET DETAILS, WHICH ARE REVIEWED AND APPROVED BY A BOARD RESOLUTION. AN INDEPENDENT COMMITTEE OF TRUSTEES USES APPROPRIATE, COMPARABLE COMPENSATION DATA, AND THE DELIBERATIONS AND DECISIONS ARE TIMELY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING ARE POSTED ON THE UNIVERSITY'S WEBSITE: UNIVERSITY'S BY-LAWS, UNIVERSITY POLICIES, ALL RESOLUTIONS PASSED BY THE BOARD OF TRUSTEES, MEETING MINUTES OF THE BOARD OF TRUSTEES, A LISTING OF ALL BOARD MEMBERS, A LISTING OF THE UNIVERSITY'S FIVE HIGHEST PAID EMPLOYEES, THE IRS FORM 990, AND THE ANNUAL FINANCIAL AUDIT. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 12,387,738. MANAGEMENT AND GENERAL EXPENSES 1,432,468. FUNDRAISING EXPENSES 22,739. TOTAL EXPENSES 13,842,945. FORM 990, PART XI, LINE 9: STATE CONTRIBUTIONS FOR CAPITAL PROJECTS 19,814,651. ENDOWMENT CONTRIBUTIONS 1,117,403. DEPRECIATION OF STATE CONTRIBUTED ASSETS -6,279,732. CHANGE IN BENEFICIAL INTEREST IN LINCOLN UNIVERSITY FOUNDATION -1,781,065. LINCOLN UNIVERSITY FOUNDATION OF PA 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 842085409 FUNDRAISING FOR LINCOLN UNIVERSITY PA 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0