2017-01-24T09:18:49-06:00 2016-06-30 430352985 KERBER ECK & BRAECKEL LLP 1000 MYERS BUILDING SPRINGFIELD IL 62701 990 2015-07-01 370661491 BLACKBURN UNIVERSITY BLAC 2178543231 700 COLLEGE AVENUE 1 CARLINVILLE IL 62626 STEVE MORRIS VP ADMIN & FINANCE 2178543231 2017-01-24 1 DEBORAH J RINGER P00732336 2177890960 2017-01-24 2015 2021-01-29 14:40:06Z BLACKBURN COLLEGE STEVE MORRIS 700 COLLEGE AVENUE CARLINVILLE IL 62626 25260953 0 X WWW.BLACKBURN.EDU X 1837 IL TO PROVIDE A COEDUCATIONAL STUDENT BODY WITH A RIGOROUS, DISTINCTIVE, AND AFFORDABLE LIBERAL ARTS EDUCATION THAT PREPARES GRADUATES TO BE RESPONSIBLE, PRODUCTIVE CITIZENS. 22 22 536 0 0 0 4096711 8323084 13086358 13809869 2529612 476207 358694 379360 20071375 22988520 3563836 4188006 0 0 8676512 9130147 0 0 646875 5049657 4982068 17290005 18300221 2781370 4688299 53183203 56854242 7102202 6409521 46081001 50444721 TO PROVIDE A CO-EDUCATIONAL STUDENT BODY WITH RIGOROUS, DISTINCTIVE, AND AFFORDABLE LIBERAL ARTS EDUCATION, WHICH PREPARES GRADUATES TO BE RESPONSIBLE, PRODUCTIVE CITIZENS. 0 0 15301623 4188006 13950779 ACADEMIC PROGRAMS - 587 STUDENTS SERVED DURING THE FALL SEMESTER 2015; 525 STUDENTS SERVED DURING THE SPRING SEMESTER 2016. 15301623 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 1 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 1 775 0 1 536 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAWN SHRYOCK 2178543231 700 COLLEGE AVE CARLINVILLE IL 62626 FRANCES A GOODMAN TRUSTEE 1.00 X 0 0 0 GEORGE E MALO TRUSTEE 1.00 X 0 0 0 LOIS DEFLEUR TRUSTEE 1.00 X 0 0 0 MADONNA R TIDEMAN TRUSTEE 1.00 X 0 0 0 STANLEY PILLMAN TRUSTEE 1.00 X 0 0 0 CHARLES J BEETZ TRUSTEE 1.00 X 0 0 0 DAVID OLSEN TRUSTEE 1.00 X 0 0 0 DEANNA DEMUZIO TRUSTEE 1.00 X 0 0 0 HAZEL LOUCKS CHAIR 1.00 X X 0 0 0 JENNIFER SHELBY TRUSTEE 1.00 X 0 0 0 JEROME E ADAMS TRUSTEE 1.00 X 0 0 0 JOHN A LAPP TRUSTEE 1.00 X 0 0 0 KENNETH R DEIHL TRUSTEE 1.00 X 0 0 0 MICHAEL W SMILEY VICE CHAIR 1.00 X X 0 0 0 THOMAS A DEW TRUSTEE 1.00 X 0 0 0 WILLIAM R JEWELL TRUSTEE 1.00 X 0 0 0 EDWARD W YOUNG TRUSTEE 1.00 X 0 0 0 CRESS MADDOX SECRETARY 1.00 X X 0 0 0 JOHN L COMERFORD PRESIDENT 60.00 X X 172001 0 27458 MARK A HINUEBER TRUSTEE 1.00 X 0 0 0 JAMES D SANDFORT TRUSTEE 1.00 X 0 0 0 CYNTHIA LAMAR TRUSTEE 1.00 X 0 0 0 MICHAEL BOER TRUSTEE 1.00 X 0 0 0 BRYAN MEYERS TRUSTEE 1.00 X 0 0 0 GEORGE PRECKWINKLE TRUSTEE 1.00 X 0 0 0 DIANE RUTLEDGE TRUSTEE 1.00 X 0 0 0 MARY BETH STEPHENS TRUSTEE 1.00 X 0 0 0 PAUL TEPIKIAN TRUSTEE 1.00 X 0 0 0 STEVE MORRIS VP ADMIN & FINANCE 50.00 X 0 0 0 SHERYL RAY VP INSTITUTIONAL ADVANCEMENT 50.00 X 41553 0 5620 JOHN MCCLUSKY PROVOST 50.00 X 65128 0 3928 278682 0 37006 1 0 1 0 SODEXO INC 4880 PAYSPERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 967002 1 970387 7352697 1924900 8323084 TUITION AND FEES 611600 11086052 11086052 ROOM AND BOARD 611600 2662993 2662993 CAMPUS RENT 611600 60824 60824 13809869 350675 350675 1311 1311 237139 0 237139 237139 237139 2263768 356 2138592 0 125176 356 125532 125532 181702 133841 47861 47861 OTHER INCOME 611600 93049 93049 93049 22988520 13950779 0 714657 4089390 4089390 98616 98616 602323 511975 60232 30116 7080420 6018357 708042 354021 1022407 869046 102241 51120 424997 361247 42500 21250 41320 35122 4132 2066 67060 57001 6706 3353 57579 48942 5758 2879 449581 382144 44958 22479 16107 13691 1611 805 223771 190205 22377 11189 116739 116739 1057974 1057974 167003 141953 16700 8350 FOOD AND HEALTH SERVICE 939101 798236 93910 46955 UTILITIES 432514 367637 43251 21626 EQUIPMENT AND SUPPLIES 346104 294189 34610 17305 MISCELLANEOUS 295483 251161 29548 14774 771732 655972 77173 38587 18300221 15301623 2351723 646875 2393644 1836124 357941 198210 860637 746154 365313 839550 14032 0 57061 49959 84477 76260 40518691 14475760 26523366 26042931 1084924 788872 21178908 26007829 262900 268353 53183203 56854242 807911 790299 9494 8686 3876421 5000000 1275000 0 1133376 610536 7102202 6409521 X 29163306 32196423 4517877 3692573 12399818 14555725 46081001 50444721 53183203 56854242 X 4688299 -518439 193860 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 15.20 1 0 0.00 0 15357641 5544540 183368 353469 1927572 18804508 15640918 774518 732217 1790012 15357641 13550924 520265 2152455 582726 15640918 11261369 1476544 1273972 460961 13550924 10330532 1184043 214794 468000 11261369 0.16890 0.06000 0.77110 0 0 14900 14900 35220657 11380598 23840059 4854392 3095162 1759230 428742 428742 26042931 REAL ESTATE HELD FOR INVESTMENT-FARMLAND 6757757 F COMMONFUND: MULTI-STRATEGY EQUITY FUND 12385395 F COMMONFUND: MULTI-STRATEGY BOND FUND 6838087 F CAPITAL PARTNERS VI, LP 26590 F 26007829 DEPOSITS HELD IN CUSTODY FOR OTHERS 72414 PERKINS LOAN PROGRAM-DUE TO U.S. GOVT 65433 GIFT ANNUITIES PAYABLE 270447 CAPITAL LEASES 202242 610536 X 18552197 -518439 327701 -190738 18742935 57579 4188006 4245585 22988520 14188477 133841 133841 14054636 57579 4188006 4245585 18300221 PART II, LINE 9: THE COLLEGE DOES NOT REPORT CONSERVATION EASEMENTS IN ITS REVENUE AND EXPENSE STATMENTS OR BALANCE SHEET AND DOES NOT HAVE A WRITTEN POLICY PERTAINING TO THEM BECAUSE THE CONSERVATION EASEMENT WAS ATTACHED TO DONATED PROPERTY THAT THE COLLEGE DOES NOT INTEND TO KEEP. THIS PROPERTY IS CURRENTLY AVAILABLE FOR SALE. 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 NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE COLLEGE HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE COLLEGE IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE STATEMENT OF FINANCIAL POSITION DATE. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN EXPENSES, IF APPLICABLE. THERE WERE NO PENALTIES OR INTEREST PAID DURING FISCAL YEAR 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 133,841. CHANGE IN SPLIT-INTEREST AGREEMENT 204,669. CHANGE IN VALUE OF INTEREST IN PERPETUAL TRUST -10,809. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 4,188,006. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 133,841. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 4,188,006. 1 0 0 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: FEDERAL WORK COLLEGE 913,982 FEDERAL SEOG 39,848 OTHER GRANTS 16,557 0 0 0 0 0 0 0 0 0 0 SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 1 17314 2640 SCHOLARSHIP SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 2 36608 6538 SCHOLARSHIP NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 7500 2970 SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 25436 2640 SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 11758 2640 0 0 0 0 0 0 1 BLACKBURN GRANTS IN AID 201 602244 GIDEON BLACKBURN SCHOLARSHIP 49 296077 HUDSON SCHOLARSHIP 59 123901 SIBLING GRANT 28 11250 PRESIDENTIAL SCHOLARSHIP 42 606598 TRUSTEE SCHOLARSHIP 51 260464 TRANSFER SCHOLARSHIP 68 410711 FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT 62 39848 ALUMNI SCHOLARSHIP 48 217446 HERITAGE SCHOLARSHIP 38 301981 OUT OF STATE SCHOLARSHIP 45 163777 RESTRICTED SCHOLARSHIPS 10 42200 ENDOWED SCHOLARSHIPS 182 388739 AFFORDABLE ACCESS 114 453279 GUIDANCE COUNSELOR SCHOLARSHIP 70 65875 LEGACY SCHOLARSHIP 30 51000 SCOUT AWARD 4 17500 OTHER SCHOLARSHIPS 28 36500 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 0 0 X 0 0 0 0 0 0 0 0 0 JOHN L COMERFORD PRESIDENT 172001 0 0 0 0 0 0 0 27458 0 199459 0 0 0 PART I, LINE 1B THE PRESIDENT'S CONTRACT DETAILS THE VARIOUS PERSONAL SERVICES TO BE PAID ON HIS BEHALF. A CENTRAL ILLINOIS ECONOMIC DEVELOPMENT AUTHORITY 273234464 2015-05-29 5000000 SEE SCHEDULE O. 0 0 0 A 5000000 5000000 2016 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 9 1344900 FAIR VALUE OF SECURITIES X 1 580000 APPRAISAL 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES DOES NOT REVIEW THE 990 PRIOR TO ITS SUBMISSION. THE 990 IS REVIEWED FOR REASONABLENESS BY THE VICE-PRESIDENT FOR ADMINISTRATION AND FINANCE AND THE COLLEGE'S PRESIDENT PRIOR TO SIGNING AND SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY SET IN PLACE AND TRUSTEES 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 204,669. CHANGE IN VALUE OF INTEREST IN PERPETUAL TRUST -10,809. PART XII, 2C NO CHANGES HAVE OCCURED IN THIS PROCESS SINCE PRIOR YEAR. SCHEDULE K, PART I, LINE A, COLUMNS (E) & (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, ON REFUNDING AND REDEMPTION OF SERIES 1999 BONDS FOR CONSTRUCTION AND RENOVATION OF VARIOUS FACILITIES, 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 ADJUSTMENT TO A RATE OF INTEREST PER ANNUM EQUAL TO THE FIVE-YEAR TREASURY 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 DATE MAY 1, 2015, ASSIGNMENT OF RENTS AND PROFITS, AND SECURITY AGREEMENT. IN JUNE 2016, THE FINAL DRAW OF $1,200,000 WAS TAKEN.