2021-04-15T10:08:54-05:00 2020-05-31 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2019-06-01 362515868 Judson University A Baptist Institution JUDS 8476282500 1151 N State Street Elgin IL 60123 Sarah Taylor VP of Business Affairs 8476282500 2021-04-15 Ted R Batson Jr P00721951 6306829797 2019 2022-09-23 18:48:47Z Dr Gene C Crume 1151 N State Street Elgin IL 60123 34477289 0 X www.judsonu.edu X 1963 IL Four year private, Christian liberal arts university 18 16 715 300 0 0 1597305 4147702 29977955 28810509 132058 160569 0 0 31707318 33118780 11175611 12831956 0 0 11592439 10269494 0 0 291381 11080521 10923353 33848571 34024803 -2141253 -906023 48722868 46621732 16393390 15287051 32329478 31334681 X Judson is an evangelical Christian university that represents the Church at work in higher education, equipping students to be fully developed, responsible persons who glorify God by the quality of their relationships, work, and citizenship in the community, nation, and the world. Through a broadly based education in the liberal arts, sciences, and professions, the university enables its students to acquire ideas and concepts that sharpen their insights, develop skills appropriate to their career goals, and develop the skills and commitment for lifelong learning. The Judson community experience challenges graduates to be decisive leaders and active participants in church and society, articulate proponents of Biblical Christianity, persuasive advocates for the sovereignty of God over all life, and effective ambassadors for Christ. 0 0 25236069 12831956 20924439 Liberal Arts Instruction - Provided instruction and related services to 672 traditional students, 161 students in the master's programs and 35 in doctoral programs. Counting all types of instruction, Judson graduated 137 students with associate and baccalaureate degrees, 48 students with master's degrees, 8 students with doctoral degrees and 8 RISE certificates. 3252293 4710307 Housing and food service - Provided housing and related services to approximately 67% of the above traditional students. 1303034 3175763 Adult Continuing Education - Provided instruction and related services to 350 students. 29791396 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1745 0 1 715 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Sarah Taylor 8476282500 1151 N State Street Elgin IL 60123 Dr Gene Crume President 40.00 X 167075 0 30642 Dr Gillian Stewart - Wells Provost 40.00 X 152827 0 0 Mr Jeffrey Eder VP of Bus. Affairs & CFO (part year) 40.00 X 73095 0 32676 Sarah Taylor VP of Business Affairs 40.00 X 74604 0 5708 Mrs Laura Gutting Trustee 1.00 X 12000 0 0 Mrs Linda Colson Chair 1.00 X X 0 0 0 Mr Ben Glunz Vice Chair 1.00 X X 0 0 0 Rev Greg Huguley Treasurer 1.00 X X 0 0 0 Mrs Cynthia Hoag Secretary 1.00 X X 0 0 0 Mr Harold Booze Trustee 1.00 X 0 0 0 Mr Dana Davidson Trustee 1.00 X 0 0 0 Mr Dennis Demoss Trustee 1.00 X 0 0 0 Dr Larry Drake Trustee 1.00 X 0 0 0 Mr Shawn Flynn Trustee 1.00 X 0 0 0 Rev Dr Randy Gauger Trustee 1.00 X 0 0 0 Dr Darryl Jenkins Trustee 1.00 X 0 0 0 Mr Brett Lundstrom Trustee 1.00 X 0 0 0 Dr Adam Mackintosh Trustee 1.00 X 0 0 0 Dr Rob McCleland Trustee 1.00 X 0 0 0 Dr Brett Smith Trustee 1.00 X 0 0 0 Mr Kevin Smith Trustee 1.00 X 0 0 0 Mrs Fran Street Trustee 1.00 X 0 0 0 479601 0 69026 2 0 1 0 Fresh Ideas Food Service 1000 W Nifong Bvld Columbia MO 65203 Food Service 1428961 National Management Resources PO Box 1224 LaGrange GA 30241 Plant Maintenance 987467 TIAA-CREF 8907 Timbers Pointe Dr Tinley Park IL 60477 Retirement Trustee 258099 Jenzabar Inc PO Box 55018 Boston MA 022055018 University ERP/Computer System 189042 Gentry Partnership 43 Gentry Drive Hawthorn Woods IL 60047 Purchasing Agent 140266 15 2375153 1772549 37203 4147702 Liberal Arts Instr. 900099 20625015 20625015 Housing/Food Services 900099 4710307 4710307 Adult Continuing Edu. 900099 3175763 3175763 299424 299424 28810509 160569 160569 1358509 1358509 0 0 33118780 28810509 0 160569 208636 208636 12623320 12623320 523492 152819 352608 18065 13501 13501 8314371 7146140 1168231 779981 668338 111643 638149 546807 91342 62211 4202 58009 74651 74651 84569 84569 1006090 1002223 3867 545782 221100 51366 273316 225193 122669 102524 398567 31077 367490 2682084 1862171 819913 315694 290371 25323 541078 528005 13073 1812555 1768314 44241 561657 109557 452100 Food service 1359385 1357090 2295 R&M equipment 255409 244476 10933 Recruitment 107507 107507 Textbook 28443 28443 862478 768131 94347 34024803 29791396 3942026 291381 720772 877580 721870 618869 99247 262643 925478 1362922 6440 19943 43193 41595 71950073 35297838 38094601 36652235 4394381 3762371 2624321 2147005 1092565 876569 48722868 46621732 2337945 2474453 1263493 977185 5625726 5314497 5778038 4661511 680396 1388188 1179009 16393390 15287051 X 19133090 18736619 13196388 12598062 32329478 31334681 48722868 46621732 -906023 -88774 0 X 0 1 X 1 1 1 X 2222057 2188849 2119548 1597305 4147702 12275461 2222057 2188849 2119548 1597305 4147702 12275461 1171130 11104331 297481 182572 176312 181108 160569 998042 116988 25485 19288 161761 13435264 150568355 0.82650 0.75870 X Schedule A, Part II, Line 10, Explanation of Other Income: Special Events - 2015 Amount: $ 105,835. 2016 Amount: $ 11,440. Miscellaneous Income - 2015 Amount: $ 11,153. 2016 Amount: $ 14,045. 2017 Amount: $ 19,288. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 156376 X X X 0 0 0 10942907 278120 -16138 740200 10464689 11652279 116055 99078 924505 10942907 11681954 133133 668263 831071 11652279 11248050 300268 1085102 951466 11681954 15702654 101179 -281148 904548 3370087 11248050 0.04180 0.95820 0 0 1016490 1016490 61592434 27480235 34112199 7337180 5863321 1473859 2003969 1954282 49687 36652235 Refundable loan program 983465 Refundable deposits 81883 Annuities payable 113661 1179009 X Part III, Line 4: Judson University houses collections of art from many sources such as donors, members of staff and faculty, and original work by family members of past officers. Some artwork provides a historical reference to our founders and enhances our unique campus culture. The artwork on display provides examples of different media and applications of art that serve to further the educational experience of our students and helps to initiate an understanding of the relationship of art and design to man's creative faith-life as a creature "bearing God's image and as a community member. Part V, Line 4: The University's endowment consists of approximately 186 individual funds established primarily for scholarship purposes. Part V, lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2020. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of May 31, 2020, the University had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The University files information tax returns in the U.S. and Illinois. The University is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2016. 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 organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Schedule E, Part I, Line 6 The University received the following types of government financial assistance: Pell Grant, S E O G, Federal Work Study, Ford Loan Program, MAP Grants, PPP Loan, and HEERF Funds. 1 World Leaders Forum 1151 N State Street Elgin IL 60123 473666460 501(c)(3) 199311 General support Del Camino Connection PO Box 450 Wheaton IL 60187 571205133 501(c)(3) 9325 General support 2 0 Scholarships 1400 11967778 HEERF Grants 573 655542 Part I, Line 2: Funds are given and monitored by the mission trip teams that are sent to work with Del Camino each year. The funds are specifically used for the work done during the mission trips. The University's Admissions team monitors the use of funds. Funds given to World Leaders Forum, an affiliated organization, shares information regarding finances, operations, etc. Grants and aid are tracked in the accounting system in a temporarily restricted fund or reimbursed according to a qualified reimbursement policy. An audit of funds granted is conducted when deemed necessary. Grants and aid are applied directly to student accounts. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr Gene Crume President 159937 0 0 0 7138 0 0 0 31109 0 198184 0 0 0 Dr Gillian Stewart - Wells Provost 151066 0 0 0 1761 0 0 0 467 0 153294 0 0 0 Part I, Line 1a As a condition of employment, and as a convenience to the University, the VP of Business Affairs & CFO was provided with housing. The home is provided as a non-taxable benefit under IRC Section 119. A City of Elgin Kane and Cook Counties IL 366005862 2014-05-08 7295000 Refund 2006 bond/change trustees 0 0 0 A 1890000 7295000 7295000 2007 1 0 1 1 A 0 0 1 1 0 0.00100 0.00100 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 Rebecca Huguley Family member of Rev. Greg Huguley, Treasurer 13501 Wages 0 X 4 37203 Selling Price 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of the Chair, Vice Chair, Secretary, Treasurer, the Chairs of the standing committees, and two at-large trustees. The Executive Committee has full authority of the board except that the Committee may not hire or remove the President nor make changes to Bylaws or the Board Policy Manual. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and submitted for detail review to the VP of Business Affairs and the Business Affairs Committee prior to filing. It was also provided to the entire board of trustees prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees of Judson University are required to complete a conflict of interest/related party questionnaire each year. The VP of Business Affairs reviews the signed statements and the President reviews the VP of Business Affairs' statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The Board reviews the compensation for the President and other officers on an annual basis. Comparable data is used and the process is documented in the board minutes. 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.