2018-05-15T14:41:10-05:00 2017-06-30 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2016-07-01 370661227 LINCOLN UNIVERSITY AKA LINCOLN COLLEGE LINC 2177323155 300 KEOKUK STREET LINCOLN IL 62656 GREG EIMER VP OF FINANCE 2177323155 2018-05-15 1 JILL M BOYLE CPA P01246734 2177933363 2018-05-15 2016 2022-09-23 18:48:47Z DAVID M GERLACH PHD 300 KEOKUK STREET LINCOLN IL 62656 34114274 0 X WWW.LINCOLNCOLLEGE.EDU X 1865 IL LINCOLN COLLEGE UNIQUELY EMPOWERS STUDENTS TO REALIZE THEIR FULL POTENTIAL. 28 28 773 28 0 0 6329145 1595206 18459135 17782286 11754981 6528411 936747 743628 37480008 26649531 10838723 5507471 0 0 10283550 10238031 0 0 660891 8756803 8421784 29879076 24167286 7600932 2482245 57259889 55599239 8292179 10034866 48967710 45564373 LINCOLN COLLEGE UNIQUELY EMPOWERS STUDENTS TO REALIZE THEIR FULL POTENTIAL 0 0 11033785 4271662 10966267 LINCOLN COLLEGE - LINCOLN CAMPUS - COLLEGE LEVEL ACADEMIC PROGRAM FOR APPROXIMATELY 681 FULL TIME EQUIVALENT STUDENTS 3587678 1235809 2363715 LINCOLN COLLEGE - NORMAL CAMPUS - COLLEGE LEVEL ACADEMIC PROGRAM FOR APPROXIMATELY 166+ FULL TIME EQUIVALENT STUDENTS 2032691 4770261 AUXILIARY PROGRAMS - LINCOLN CAMPUS - STUDENT CENTER, HOUSING, & DINING HALL 16654154 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 1634 0 773 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 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 LAURA BELTCHENKO TRUSTEE 1.00 X 0 0 0 C MICHAEL BENNIS TRUSTEE 1.00 X 0 0 0 ROBERT ROWE TRUSTEE 1.00 X 0 0 0 GRETA GRIBKOFF TRUSTEE 1.00 X 0 0 0 DOLAN DALPOAS TRUSTEE 1.00 X 0 0 0 LEE KOMNICK TREASURER 1.00 X X 0 0 0 JOHN R EDWARDS TRUSTEE 1.00 X 0 0 0 DAVID CLAPP CHAIRMAN 4.00 X X 0 0 0 VINCENT R DALEY JR TRUSTEE 1.00 X 0 0 0 A PATRICK DOOLIN TRUSTEE 1.00 X 0 0 0 MICHAEL FISHER TRUSTEE 1.00 X 0 0 0 DONALD LUDWIG TRUSTEE 1.00 X 0 0 0 GUY C FRAKER TRUSTEE 1.00 X 0 0 0 SUSAN HOBLIT VICE CHAIR 1.00 X X 0 0 0 ANN MUELLER TRUSTEE 1.00 X 0 0 0 DEE PIERCE TRUSTEE 1.00 X 0 0 0 ROBERT NEAL PAST CHAIR 1.00 X 0 0 0 PAULA D KALER TRUSTEE 1.00 X 0 0 0 S QUENTIN SPARKS SECRETARY 2.00 X X 0 0 0 JEFFREY SWALLOW TRUSTEE 1.00 X 0 0 0 LOUISE TAPER TRUSTEE 1.00 X 0 0 0 JUDITH B MORLEY TRUSTEE 1.00 X 0 0 0 LYNN M PAULUS TRUSTEE 1.00 X 0 0 0 JEFFREY T WALKER DDS MS TRUSTEE 1.00 X 0 0 0 MILTON WOOD TRUSTEE 1.00 X 0 0 0 LAWRENCE MOELMANN TRUSTEE 1.00 X 0 0 0 JACK SPARACIO TRUSTEE 1.00 X 0 0 0 JOHN D BLACKBURN TRUSTEE 1.00 X 0 0 0 DAVID M GERLACH PHD PRESIDENT 50.00 X 186840 0 10846 GREG A EIMER V.P. FOR FINANCE 50.00 X 126864 0 9585 ADELAIDE GIGI FANSLER V.P. ACADEMIC AFFAIRS 50.00 X 128993 0 3413 DEBBIE ACKERMAN V.P. INSTITUTIONAL ADV 50.00 X 101595 0 2797 544292 0 26641 4 0 1 0 CORE CONSTRUCTION 866 N MAIN STREET MORTON IL 61550 REPAIRS 470982 WESTERN SPECIALTY CONTRACTORS 309 NE ROCK ISLAND AVE PEORIA IL 61603 ROOFING 163945 JENZABAR PO BOX 55018 BOSTON MA 02205 SOFTWARE MAINTENANCE 147184 OTTO BAUM COMPANY 866 N MAIN STREET MORTON IL 61550 REPAIRS 130255 TAYLOR-MADE CONSTRUCTIONS 1 ILLINI DRIVE LINCOLN IL 62656 REPAIRS 114746 5 89193 275042 1230971 399897 1595206 TUITION & FEES 900099 13329982 13329982 AUXILLARY ACTIVITIES 900099 4452304 4452304 17782286 159001 159001 467542 14670 452872 452872 452872 9828237 3845257 6921587 382497 2906650 3462760 6369410 6369410 47875 89193 75076 -27201 -27201 71945 70913 1032 1032 MISCELLANEOUS INCOME 900099 297125 297125 SOAR PROGRAM 900099 19800 19800 316925 26649531 18100243 0 6954082 5507471 5507471 313704 295020 18684 8398827 5357062 2615010 426755 139599 95726 35722 8151 756639 306573 431422 18644 629262 449842 143819 35601 79760 79760 51963 51963 320116 51173 268391 552 55095 22272 1140 31683 370188 370188 754183 163696 590487 138877 138877 362001 299769 22715 39517 290563 290563 1549866 1487356 62510 555627 125519 430108 SUPPLIES 1951588 1466188 463919 21481 CONTRACTUAL 778788 168589 558456 51743 BAD DEBT 400000 400000 EQUIP MAINT/REPAIR 312528 142663 169865 450641 180815 261746 8080 24167286 16654154 6852241 660891 1714038 270194 718500 636500 1466325 2337973 32987 27630 203591 185976 349572 330371 69295259 28912849 43258993 40382410 7265764 8392195 2250119 3035990 57259889 55599239 1374321 2058431 123309 386316 6694044 6793907 100505 796212 8292179 10034866 X 32177331 27892762 9104276 9870462 7686103 7801149 48967710 45564373 57259889 55599239 X 2482245 -5313242 -533088 -39252 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1748686 X X X X 0 26095829 644479 1773237 9044235 3436 19465874 38299159 1034361 -2268083 39325 10920657 9626 26095829 38327103 2614367 920101 29850 3526362 6200 38299159 38077874 1327246 3296500 28600 4342839 3078 38327103 36846490 1417064 2843510 35936 2993254 0 38077874 0.09220 0.40080 0.50700 0 0 12101149 1255159 13356308 38948250 16352178 22596072 15906774 12560671 3346103 1083927 1083927 40382410 CAPITAL CAMPAIGN INVESTMENT 266496 CHARITABLE REMAINDER TRUST - INVESTMENTS 960910 LIFE INSURANCE - CSV 59898 MUSEUM & ARTS COLLECTION 1748686 3035990 ADV FROM FED GOVT FOR STDT LOANS 25499 AGENCY FUNDS 21195 ANNUITITES PAYABLE 735367 SEVERANCE PYMTS PAYABLE 14151 796212 X 15828818 -5313242 -5313242 21142060 5507471 5507471 26649531 18699067 39252 39252 18659815 5507471 5507471 24167286 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 4b - Other Adjustments: COLLEGE FUNDED SCHOLARSHIPS 5,507,471. Part XII, Line 2d - Other Adjustments: UNREALIZED ACTUARIAL LOSS 9,252. BENEFICIARY PYMT FROM BEQUEST REVENUE 30,000. Part XII, Line 4b - Other Adjustments: COLLEGE FUNDED SCHOLARSHIPS 5,507,471. 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 80965 55433 25532 24745 GOLF OUTING 56103 33760 22343 50331 137068 89193 47875 75076 75076 -27201 1 LINCOLN COLLEGE SCHOLARSHIPS 824 5440601 REDUCTION OF TUITION & FEES STUDENT SCHOLARSHIPS PRIVATELY FUNDED LC SCHOLARSHIPS 39 66870 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 186840 0 0 0 0 0 3783 0 7063 0 197686 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 144737 FMV X ANNUITY 1 255160 IRS TABLES 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 -9,252. BENEFICIARY PAYMENT FROM BEQUEST REVENUE -30,000.