2022-05-16T18:03:11-05:00 2021-06-30 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2020-07-01 370661491 BLACKBURN UNIVERSITY BLAC 2178543231 700 COLLEGE AVENUE NO 1 CARLINVILLE IL 62626 DR MARK L BIERMANN PRESIDENT 2178543231 2022-05-16 1 DR MARK L BIERMANN 999009999 JILL M BOYLE CPA P01246734 2177933363 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BLACKBURN COLLEGE MARK BIERMANN 700 COLLEGE AVENUE NO 1 CARLINVILLE IL 62626 24211758 0 X WWW.BLACKBURN.EDU X UNIVERSITY 1837 IL COMBINE LIBERAL ARTS EDUCATION & WORK PROGRAM TO PREPARE GRADUATES FOR CAREERS AND LIFELONG LEARNING. 24 24 498 35 0 0 6051041 8066140 13126195 14177788 158994 95339 1236589 237166 20572819 22576433 4729997 4652654 0 0 9609328 8986559 0 0 608065 5602172 6885079 19941497 20524292 631322 2052141 69417787 77085643 12166940 11047010 57250847 66038633 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 15122891 4652654 14413473 ACADEMIC PROGRAMS - 489 STUDENTS SERVED DURING THE FALL SEMESTER 2020; 417 STUDENTS SERVED DURING THE SPRING SEMESTER 2021. 15122891 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 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 39 0 498 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2178545508 LUDLUM HALL 116A 700 COLLEGE AVE CARLINVILLE IL 62626 MICHAEL SMILEY CHAIR BOT 1.00 X X 0 0 0 ROCHELLE HENDERSON VICE CHAIR BOT 1.00 X X 0 0 0 KENNETH DEIHL SECRETARY BOT 1.00 X X 0 0 0 CRESS MADDOX TRUSTEE 1.00 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 DEANNA DEMUZIO TRUSTEE (ENDING OCT 2020) 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 (ENDING JUNE 2021) 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 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 JULIE MURRAY-JENSEN PRESIDENT (END DEC 2020) 50.00 X 230000 0 0 JOHN MCCLUSKY PROVOST 50.00 X 141074 0 25676 LAUREN DODGE VP INSITUTIONAL ADVANCEMEN 50.00 X 112247 0 2878 CHRIS BURNLEY VP ADMINISTRATION & FINANCE 50.00 X 107634 0 0 MARK BIERMANN PROVOST/PRESIDENT (START AUG 2020) 50.00 X 91884 0 9517 682839 0 38071 4 0 1 0 SYNAPSIS INC 3161 W WHITE OAKS DR SUITE 302 SPRINGFIELD IL 62704 COMPUTER SYSTEMS 985970 FRESH IDEAS 3220 VANDIVER DR COLUMBIA MO 65202 FOOD SERVICE 710020 DSDD SOLAR 8772 N STATE ROUE 159 DORSEY IL 62021 SOLAR SYSTEM INSTALLER 471925 FULLY DISBURSED LLC 1000 COPPER CANYON ROAD ARGYLE TX 76226 FINANCIAL AID CONSULTING 124715 JUN CONSTRUCTION CO 15209 U S HIGHWAY 67 P O BOX 263 GODFREY IL 620350263 GENERAL CONTRACTOR 118529 5 3619517 4446623 1032510 8066140 TUITION & FEES 611600 11743114 11743114 AUXILLARY ENTERPRISES 611600 2434674 2434674 14177788 87860 87860 1481 1481 229345 18542 210803 210803 210803 1571252 1560490 3283 10762 -3283 7479 7479 77892 53010 24882 24882 22576433 14413473 0 96820 4652654 4652654 592956 480326 68792 43838 7272804 5604154 1268522 400128 713456 539101 148507 25848 407343 332541 45590 29212 73620 73620 1141165 364590 726135 50440 28057 10331 17726 357855 251050 106805 62261 42770 19489 2 308101 303418 4683 1251280 875535 375745 144515 56223 88292 FOOD & HEALTH SERVICES 695714 690026 5603 85 EQUIPMENT & SUPPLIES 575512 388604 186908 REPAIRS & MAINTENANCE 179747 137224 42523 BAD DEBTS 103371 103371 1963881 697762 1212290 53829 20524292 15122891 4793336 608065 3268364 2744189 1706 2483 19481 92511 405418 1096392 2294782 2178601 56127 51229 133179 131256 47898071 19207195 29131410 28690876 383285 284441 29147499 36946088 4576536 4867577 69417787 77085643 1462484 550210 0 341308 5515392 5239137 2554825 2469235 2634239 2447120 12166940 11047010 X 31787140 36842594 25463707 29196039 57250847 66038633 69417787 77085643 X 2052141 6393463 342182 X 0 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26320519 2601325 6270328 1097665 -299973 34394480 25820454 1748783 303899 1571252 -18635 26320519 26605952 344067 1721539 3719204 160890 24791464 22074568 648814 1647736 921000 80860 23369258 19405253 1302257 2345588 743842 234688 22074568 0.12000 0.88000 0 0 14900 14900 40030775 15903407 24127368 6963336 3303788 3659548 889060 889060 28690876 REAL ESTATES HELD FOR INVESTMENT - FARM LAND 7980232 F COMMONFUND: MULTI STRATEGY EQUITY FUND 19252028 F COMMONFUND: MULTI STRATEGY BOND FUND 8596879 F CAPITAL PARTNERS VI, LP 312590 F CAPITAL PARTNERS VII, LP 573986 F CAPITAL PARTNERS VIII, LP 195000 F LIFE INSURANCE 33222 F OTHER INVESTMENTS 2151 F 36946088 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 4867577 4867577 SPLIT INTEREST AGREEMENTS 185147 PERKINS LOAN PROGRAM 65433 CAPITAL LEASES PAYABLE 2087090 DEPOSITS HELD IN CUSTODY FOR OTHERS 109450 2447120 X 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. 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: US DEPARTMENT OF AGRICULTURE $907,609 US DEPARTMENT OF EDUCATION $1,439,420 FEDERAL WORK COLLEGE $979,341 FEDERAL SEOG $56,010 OTHER GRANTS $120,437 1 SCHOLARSHIPS 971 4652654 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 JULIE MURRAY-JENSEN PRESIDENT (END DEC 2020) 230000 0 0 0 0 0 0 0 0 0 230000 0 0 0 JOHN MCCLUSKY PROVOST 141074 0 0 0 0 0 25676 0 0 0 166750 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 5000000 76000 4924000 2016 1 0 1 1 B 4000000 22479 808112 553746 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 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 13 1032510 FMV 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 -4,858. CHANGE IN VALUE OF INTEREST IN PERPETUAL TRUST 347,040.