2021-05-14T09:43:15-05:00 2020-06-30 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2019-07-01 370661227 LINCOLN UNIVERSITY AKA LINCOLN COLLEGE LINC 2177323155 300 KEOKUK STREET LINCOLN IL 62656 GREG EIMER VP OF FINANCE 2177323155 2021-05-13 1 JILL M BOYLE CPA P01246734 2177933363 2021-05-10 2019 2022-09-23 18:48:47Z DAVID M GERLACH PHD 300 KEOKUK STREET LINCOLN IL 62656 24301108 0 X WWW.LINCOLNCOLLEGE.EDU X 1865 IL LINCOLN COLLEGE UNIQUELY EMPOWERS STUDENTS TO REALIZE THEIR FULL POTENTIAL. 26 26 720 43 0 0 2957234 2625364 17989473 19266187 285800 226676 688104 571451 21920611 22689678 5600083 7427191 0 0 10546014 11330119 0 0 714481 8104997 7987088 24251094 26744398 -2330483 -4054720 49415275 49761485 7681444 11331597 41733831 38429888 LINCOLN COLLEGE UNIQUELY EMPOWERS STUDENTS TO REALIZE THEIR FULL POTENTIAL 0 0 16036424 6747264 13568802 LINCOLN COLLEGE - LINCOLN CAMPUS - COLLEGE LEVEL ACADEMIC PROGRAM FOR APPROXIMATELY 635 FULL TIME EQUIVALENT STUDENTS 1861283 40174 1999144 LINCOLN COLLEGE - NORMAL CAMPUS - COLLEGE LEVEL ACADEMIC PROGRAM FOR APPROXIMATELY 135+ FULL TIME EQUIVALENT STUDENTS 4485131 639753 3941939 AUXILIARY PROGRAMS - LINCOLN CAMPUS - STUDENT CENTER, HOUSING, & DINING HALL 22382838 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1543 0 720 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X GREG A EIMER LINCOLN UNIVERSITY 2177323155 300 KEOKUK STREET LINCOLN IL 62656 DAVID M GERLACH PHD PRESIDENT 50.00 X 208775 0 7417 GREG A EIMER V.P. FOR FINANCE 50.00 X 116080 0 7417 SUSAN BOEHLER V.P. ENROLLMENT 50.00 X 100355 0 7373 DEBBIE ACKERMAN V.P. INSTITUTIONAL ADV 50.00 X 103909 0 855 SUSAN R HOBLIT CHAIR 4.00 X X 0 0 0 DAVID CLAPP CHAIRMAN (THROUGH 5/8/20) 4.00 X X 0 0 0 A PATRICK DOOLIN VICE CHAIR 1.00 X X 0 0 0 LAURA BELTCHENKO SECOND VICE-CHAIR 1.00 X X 0 0 0 LEE E KOMNICK TREASURER 1.00 X X 0 0 0 S QUENTIN SPARKS SECRETARY (THROUGH 5/8/20) 2.00 X X 0 0 0 JOHN D BLACKBURN SECRETARY 2.00 X X 0 0 0 DOLAN DALPOAS TRUSTEE 1.00 X 0 0 0 REED G EBERLE TRUSTEE 1.00 X 0 0 0 JOHN R EDWARDS TRUSTEE 1.00 X 0 0 0 JAMES R GLENN TRUSTEE 1.00 X 0 0 0 ERIC D GRAUE TRUSTEE 1.00 X 0 0 0 GRETA GRIBKOFF TRUSTEE 1.00 X 0 0 0 KATHRYN M HARRIS TRUSTEE 1.00 X 0 0 0 DONALD R LUDWIG TRUSTEE 1.00 X 0 0 0 JUDITH B MORLEY TRUSTEE 1.00 X 0 0 0 ROBERT F NEAL TRUSTEE 1.00 X 0 0 0 LYNN M PAULUS TRUSTEE 1.00 X 0 0 0 PHILLIP W STYLES TRUSTEE 1.00 X 0 0 0 JEFFREY SWALLOW TRUSTEE 1.00 X 0 0 0 AMIR JOHN WAHAB MD TRUSTEE 1.00 X 0 0 0 JEFFREY T WALKER DDS MS TRUSTEE 1.00 X 0 0 0 DENNIS G FRARY TRUSTEE 1.00 X 0 0 0 CAROL GEE TRUSTEE 1.00 X 0 0 0 CHRISTINE A SHORT TRUSTEE 1.00 X 0 0 0 BONNIE THOMPSON TRUSTEE 1.00 X 0 0 0 MATTHEW T WISSA TRUSTEE 1.00 X 0 0 0 DAVID B ZWANZIG TRUSTEE 1.00 X 0 0 0 BRENDA J CHAPMAN-LIMA TRUSTEE (THROUGH 5/8/20) 1.00 X 0 0 0 RIKEESHA PHELON TRUSTEE (THROUGH 5/8/20) 1.00 X 0 0 0 DEE PIERCE TRUSTEE (THROUGH 5/8/20) 1.00 X 0 0 0 GLENN SHELTON TRUSTEE (THROUGH 5/8/20) 1.00 X 0 0 0 529119 0 23062 4 0 1 0 PEORIA CHARTER COACH CO 2600 N E ADAMS ST PEORIA IL 61603 CHARTER SERVICES 171035 JENZABAR PO BOX 55018 BOSTON MA 02205 SOFTWARE MAINTENANCE 153974 SAINT LOUIS METALWORKS CO 125 N SERVICE ROAD ST PETERS MO 63376 ROOF REPAIR 103730 3 79315 1800957 745092 167416 2625364 TUITION & FEES 900099 15324247 15324247 AUXILLARY ACTIVITIES 900099 3941940 3941940 19266187 183606 183606 354473 17533 336940 336940 336940 285000 1198613 222221 1218322 62779 -19709 43070 43070 49868 79315 59055 -9187 -9187 104801 94299 10502 10502 MISCELLANEOUS INCOME 900099 233196 233196 233196 22689678 19509885 0 554429 500000 500000 6927191 6927191 384403 360451 23952 9112775 7592919 1116883 402973 1156167 904797 206802 44568 676774 559426 84200 33148 29520 29520 71150 71150 305677 29360 276222 95 1072303 672297 349811 50195 404635 404635 1276951 964612 311276 1063 367791 367791 255629 161950 54774 38905 302366 280689 21677 1460244 1410158 50086 122217 122217 CONTRACTUAL 1023830 705750 275884 42196 SUPPLIES 1017055 1017055 BAD DEBT 200000 166626 33374 77720 334 77386 26744398 22382838 3647079 714481 379377 293324 504500 400000 626573 413219 24110 24110 131040 130196 370290 386729 64876657 28130294 36347918 36746363 8258872 8637036 2772595 2730508 49415275 49761485 1275577 1293216 184775 105490 5205304 6305568 1015788 3627323 7681444 11331597 X 22933664 19017837 18800167 19412051 41733831 38429888 49415275 49761485 X -4054720 953276 -202499 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 18800167 389831 1165034 942981 19412051 18491573 440292 807758 939456 18800167 19465874 972904 1188869 3099491 36583 18491573 26095829 644479 1773237 9044235 3436 19465874 38299159 1034361 -2268083 39325 10920657 9626 26095829 0.00000 0.48000 0.52000 0 0 12416415 879232 13295647 34910120 15030270 19879850 16602198 13100024 3502174 68692 68692 36746363 CAPITAL CAMPAIGN INVESTMENT 25816 CHARITABLE REMAINDER TRUST - INVESTMENTS 888334 LIFE INSURANCE - CSV 68469 MUSEUM & ARTS COLLECTION 1747889 2730508 ADV FROM FED GOVT FOR STDT LOANS 21431 AGENCY FUNDS 31301 ANNUITIES PAYABLE 824354 ASSET RETIREMENT LIABILITY 300237 OBLIGATIONS PAYABLE 500000 REFUNDABLE GRANT ADVANCE 1950000 3627323 X 16794969 953276 -672499 280777 16514192 6175486 6175486 22689678 20098912 30000 30000 20068912 6675486 6675486 26744398 PART III, LINE 4: THE COLLEGE COLLECTION INCLUDES MANY ARTIFACTS RELATED TO ABRAHAM LINCOLN AND LOGAN COUNTY, AS WELL AS ART MADE BY STUDENTS. THE COLLECTION FURTHERS THE ART AND HISTORY EDUCATION OF STUDENTS AND OF THE LOCAL COMMUNITY. ART IS ON EXHIBIT AT THE COLLEGE MUSEUM AND THROUGHOUT THE CAMPUS. PART X, LINE 2: THE COLLEGE IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE COLLEGE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED ACTUARIAL GAIN -172,499. COMMITMENT TO CIVIC ORGANIZATION -500,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 6,175,486. PART XII, LINE 2D - OTHER ADJUSTMENTS: BENEFICIARY PYMT FROM BEQUEST REVENUE 30,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 6,175,486. COMMITMENT TO CIVIC ORGANIZATION 500,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THIS POLICY IS LISTED IN THE STUDENT HANDBOOK THAT IS PROVIDED ON THE WEBSITE. THIS POLICY IS ALSO PRINTED AND PROVIDED TO NEW STUDENTS AND PARENTS DURING THE REGISTRATION PROCESS. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES THE FOLLOWING FEDERALLY FUNDED GRANTS: TITLE IV COLLEGE WORKSTUDY, SEOG, AND TITLE III SIP GRANT. MUSEUM GRAND SOIREE 92898 61651 31247 2750 9603 12952 GOLF OUTING 36285 17664 18621 10447 11005 9972 2326 129183 79315 49868 13197 11005 19575 15278 59055 -9187 1 LINCOLN AREA YOUNG MEN'S CHRISTIAN ASSOCIATION 604 BROADWAY STREET SUITE 1 LINCOLN IL 62656 371353644 501(C)(3) 500000 CONSTRUCTION OF AN 8-LANE SWIMMING AND DIVING FACILITY. 1 LINCOLN COLLEGE SCHOLARSHIPS 836 303959 5871527 REDUCTION OF TUITION & FEES STUDENT SCHOLARSHIPS PRIVATELY FUNDED LC SCHOLARSHIPS 33 68665 SCHOLARSHIPS GIVEN STUDENT AID 544 638354 DIRECT REFUND STUDENT AID PART I, LINE 2: THE COLLEGE FOLLOWS GUIDELINES SET FORTH BY THE DEPARTMENT OF EDUCATION AND BY THE COLLEGE TO DETERMINE STUDENT ELIGIBILITY FOR SCHOLARSHIPS. STUDENTS QUALIFY FOR LINCOLN COLLEGE SCHOLARSHIPS BASED ON VARIOUS CRITERIA INCLUDING, BUT NOT LIMITED TO, SCHOLARSHIPS, EXTRA-CURRICULAR PARTICIPATION, AND NEED. THE COLLEGE'S FINANCIAL AID DEPARTMENT HAS NUMEROUS POLICIES IN PLACE TO DETERMINE WHO RECEIVES, HOW THEY ARE ADMINISTERED, AND WHEN THE STUDENTS RECEIVE THE SCHOLARSHIP. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DAVID M GERLACH PHD PRESIDENT 208775 0 0 0 0 0 0 0 7417 0 216192 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO LIVE IN THE HOME OWNED BY THE COLLEGE. THE HOME IS USED TO ENTERTAIN POTENTIAL DONORS, AND FOR BOARD MEETINGS, ETC. X 1 7000 FMV X 3 66916 FMV X 1 93500 FMV 2 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE VP OF FINANCE, WHO IS A CPA, AND THE CONTROLLER REVIEW THE 990 BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C BOARD REVIEWS SUBMISSIONS ANNUALLY FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OBTAINS SALARY LEVELS OF REGIONAL-AREA SMALL, PRIVATE COLLEGES/UNIVERSITIES FOR COMPARISION. THEY ALSO USE THE SALARY AMOUNT PAID TO THE PRIOR PRESIDENT AS A COMPARISION FOR SETTING THE SALARY FOR A NEW INCOMING PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: ACTUARIAL LOSS ON ANNUITIES -172,499. BENEFICIARY PAYMENT FROM BEQUEST REVENUE -30,000.