2020-07-13T11:01:11-05:00 2019-06-30 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2018-07-01 370661227 LINCOLN UNIVERSITY AKA LINCOLN COLLEGE LINC 2177323155 300 KEOKUK STREET LINCOLN IL 62656 GREG EIMER VP OF FINANCE 2177323155 2020-07-08 1 JILL M BOYLE CPA P01246734 2177933363 2020-07-08 104.231.245.211 2020-07-08 09:13:10 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D845358BABF1F13643AFD2AEE4BA53C7EABFA55A 2018 2021-01-29 14:40:06Z DAVID M GERLACH PHD 300 KEOKUK STREET LINCOLN IL 62656 26726217 0 X WWW.LINCOLNCOLLEGE.EDU X 1865 IL LINCOLN COLLEGE UNIQUELY EMPOWERS STUDENTS TO REALIZE THEIR FULL POTENTIAL. 27 27 723 45 0 0 2391075 2957234 18033632 17989473 143747 285800 727908 688104 21296362 21920611 5314932 5600083 0 0 9783016 10546014 0 0 610993 8783540 8104997 23881488 24251094 -2585126 -2330483 53156098 49415275 9412454 7681444 43743644 41733831 LINCOLN COLLEGE UNIQUELY EMPOWERS STUDENTS TO REALIZE THEIR FULL POTENTIAL 0 0 13854536 5579276 11622000 LINCOLN COLLEGE - LINCOLN CAMPUS - COLLEGE LEVEL ACADEMIC PROGRAM FOR APPROXIMATELY 666 FULL TIME EQUIVALENT STUDENTS 2020284 20807 1888038 LINCOLN COLLEGE - NORMAL CAMPUS - COLLEGE LEVEL ACADEMIC PROGRAM FOR APPROXIMATELY 163+ FULL TIME EQUIVALENT STUDENTS 4323179 4794543 AUXILIARY PROGRAMS - LINCOLN CAMPUS - STUDENT CENTER, HOUSING, & DINING HALL 20197999 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 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1135 0 723 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 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 200930 0 7161 GREG A EIMER V.P. FOR FINANCE 50.00 X 121517 0 7161 SUSAN BOEHLER V.P. ENROLLMENT 50.00 X 104302 0 7120 DEBBIE ACKERMAN V.P. INSTITUTIONAL ADV 50.00 X 106251 0 827 DAVID CLAPP CHAIRMAN 4.00 X X 0 0 0 SUSAN R HOBLIT VICE CHAIR 1.00 X X 0 0 0 A PATRICK DOOLIN 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 2.00 X X 0 0 0 LAURA BELTCHENKO TRUSTEE 1.00 X 0 0 0 JOHN D BLACKBURN TRUSTEE 1.00 X 0 0 0 BRENDA J CHAPMAN-LIMA TRUSTEE 1.00 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 PAST CHAIR 1.00 X 0 0 0 LYNN M PAULUS TRUSTEE 1.00 X 0 0 0 RIKEESHA PHELON TRUSTEE 1.00 X 0 0 0 DEE PIERCE TRUSTEE 1.00 X 0 0 0 GLENN SHELTON 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 LOUISE TAPER 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 533000 0 22269 4 0 1 0 JENZABAR PO BOX 55018 BOSTON MA 02205 SOFTWARE MAINTENANCE 147562 1 131489 503535 2322210 391487 2957234 TUITION & FEES 900099 13510038 13510038 AUXILLARY ACTIVITIES 900099 4479435 4479435 17989473 162920 162920 424750 19069 405681 405681 405681 256000 4488700 246705 4375115 9295 113585 122880 122880 58313 131489 90998 -32685 -32685 82887 73719 9168 9168 MISCELLANEOUS INCOME 900099 305940 305940 305940 21920611 18304581 0 658796 5600083 5600083 372938 350630 22308 8460492 7073626 1060125 326741 1071059 835331 211254 24474 641525 555419 58115 27991 72098 72098 72945 72945 335614 69310 266150 154 1012087 652317 317928 41842 371925 371925 1255135 951264 302695 1176 347710 347710 274361 214395 16216 43750 259486 247098 12388 1410322 1361990 48332 112230 112230 SUPPLIES 1108856 1108856 CONTRACTUAL 1103834 768370 281301 54163 BAD DEBT 300000 300000 68394 68394 24251094 20197999 3442102 610993 262765 379377 582207 504500 709173 626573 26038 24110 134876 131040 358476 370290 63333107 26985189 40659210 36347918 7601850 8258872 2821503 2772595 53156098 49415275 1677951 1275577 256790 184775 6755669 5205304 722044 1015788 9412454 7681444 X 25252071 22933664 10492687 0 7998886 18800167 43743644 41733831 53156098 49415275 X -2330483 361745 -41075 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1747306 X X X X 0 18491573 440292 807758 939456 18800167 19465874 972904 1188869 3099491 36583 18491573 26095829 644479 1773237 9044235 3436 19465874 38299159 1034361 -2268083 39325 10920657 9626 26095829 38327103 2614367 920101 29850 3526362 6200 38299159 0.00000 0.42900 0.57100 0 0 11847322 879232 12726554 33796606 14330968 19465638 15814193 12654221 3159972 995754 995754 36347918 CAPITAL CAMPAIGN INVESTMENT 41660 CHARITABLE REMAINDER TRUST - INVESTMENTS 918124 LIFE INSURANCE - CSV 65505 MUSEUM & ARTS COLLECTION 1747306 2772595 ADV FROM FED GOVT FOR STDT LOANS 24874 AGENCY FUNDS 26713 ANNUITIES PAYABLE 682288 ASSET RETIREMENT LIABILITY 281913 1015788 X 16764724 361745 -11075 350670 16414054 5506557 5506557 21920611 18774537 30000 30000 18744537 5506557 5506557 24251094 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 -11,075. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 5,506,557. PART XII, LINE 2D - OTHER ADJUSTMENTS: BENEFICIARY PYMT FROM BEQUEST REVENUE 30,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 5,506,557. 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 127485 70627 56858 1500 2491 11302 500 11864 GOLF OUTING 62317 60862 1455 5191 9782 12034 36334 189802 131489 58313 6691 12273 23336 500 48198 90998 -32685 1 LINCOLN COLLEGE SCHOLARSHIPS 734 225215 5281342 REDUCTION OF TUITION & FEES STUDENT SCHOLARSHIPS PRIVATELY FUNDED LC SCHOLARSHIPS 48 93526 SCHOLARSHIPS GIVEN 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 200930 0 0 0 0 0 0 0 7161 0 208091 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 4 79838 FMV X 1 300000 FMV X FUNDRAISING EVENT DONATIONS 2 11649 COST 0 0 1 1 PART I, LINE 32B: THE COLLEGE USES EDWARD JONES TO SELL STOCK DONATIONS. 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 GAIN ON ANNUITIES -11,075. BENEFICIARY PAYMENT FROM BEQUEST REVENUE -30,000.