2016-01-26T10:12:32-07:00 2015-06-30 990 2014-07-01 370661228 MONMOUTH COLLEGE MONM 3094572125 700 East Broadway Monmouth IL 61462 Richard Marshall VP for Finance & Business 3094572124 2016-01-26 2014 2016-04-25 22:37:26Z Richard Marshall 700 E Broadway Monmouth IL 61462 143572850 0 X www.monmouthcollege.edu X 1853 IL Private Liberal Arts College that strives to create and sustain an environment that is value-centered, intellectually challenging, aesthetically inspiring, and culturally diverse; and we hold as central our commitment to liberal arts education and to one another. 38 38 1138 55 0 0 7155629 11309188 47887332 51167019 4881079 15382302 430147 522088 60354187 78380597 22125483 25255472 0 0 18691763 19270526 58865 5399 1208881 15713055 16721627 56589166 61253024 3765021 17127573 226438069 227516560 35524941 34607209 190913128 192909351 As an undergraduate liberal arts college we recognize the close relationship of faculty and students to be fundamental to our learning environment. As a community of learners we strive to create and sustain an environment that is value-centered, intellectually challenging, aesthetically inspiring, and culturally diverse; and we hold as central our commitment to liberal arts education and to one another. 0 0 48947377 25255472 41238339 Higher Education: Instructional programs-Humanities, Sciences, Social Sciences and other liberal arts programs, Business and Education. Serve approximately 1200 students. Programs include academic departments as well as academic support areas such as library, academic computing, faculty development, etc. This represents tuition and fees. 7088323 0 9928680 Auxiliary services: student housing and dining programs, security and parking. 0 0 0 56035700 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1389 0 1 1138 1 0 0 0 0 0 0 0 0 0 0 X 38 38 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Richard Marshall 3094572125 700 E Broadway Monmouth IL 61462 Nancy Speer Engquist Trustee 0 0 X 0 0 0 Mark Kopinski Charter Trustee-Vice Chair 0 0 X 0 0 0 Stanley Pepper Charter Trustee 0 0 X 0 0 0 Douglas Carlson Trustee 0 0 X 0 0 0 Robert Dahl Charter Trustee 0 0 X 0 0 0 Robert McConnell Trustee 0 0 X 0 0 0 William J Goldsborough Trustee-Chairman 0 0 X 0 0 0 John Scotillo Trustee 0 0 X 0 0 0 Mark Taylor Charter Trustee 0 0 X 0 0 0 Christine Farr Trustee 0 0 X 0 0 0 Carlos Smith Trustee 0 0 X 0 0 0 Jean Peters Witty Trustee 0 0 X 0 0 0 Dr William M Simpson Trustee 0 0 X 0 0 0 Sandra E Wolf Trustee 0 0 X 0 0 0 Gail Owen Trustee 0 0 X 0 0 0 Nancy Snowden Charter Trustee 0 0 X 0 0 0 Richard Yahnke Charter Trustee 0 0 X 0 0 0 Bradley Nahrstadt Trustee 0 0 X 0 0 0 Augustin Hart Trustee 0 0 X 0 0 0 Ralph Velazquez Charter Trustee 0 0 X 0 0 0 Anthony Perzigian Trustee 0 0 X 0 0 0 Daniel Cotter Trustee 0 0 X 0 0 0 Jack Schultz Charter Trustee 0 0 X 0 0 0 Rod Davies Trustee 0 0 X 0 0 0 Larry Gerdes Charter Trustee 0 0 X 0 0 0 Mahendran Jawaharial Trustee 0 0 X 0 0 0 Michael McCulley Trustee 0 0 X 0 0 0 Dennis Plummer Trustee 0 0 X 0 0 0 Beth Tyre Trustee 0 0 X 0 0 0 Jackie Bell Zachmeyer Trustee 0 0 X 0 0 0 J Hunter Peacock Trustee 0 0 X 0 0 0 Anita Ridge Trustee 0 0 X 0 0 0 Sherman Smith Trustee 0 0 X 0 0 0 Anna R Beasley Trustee 0 0 X 0 0 0 Gary Melvin Trustee 0 0 X 0 0 0 Jeffrey D Miller Trustee 0 0 X 0 0 0 George Trotter III Trustee 0 0 X 0 0 0 Robert Tucker Jr Trustee 0 0 X 0 0 0 Gerald Marxman Treasurer 0 0 X 0 0 0 Jacquelyn Heerwagen Vice President for Student Affairs 50 0 X 154650 0 16475 Timothy Keefauver VP for Strategic Planning 50 0 X 123390 0 12163 Steve Bloomer VP for Development & College Relations 50 0 X 162794 0 10484 Richard Marshall VP for Finance & Business 50 0 X 134959 0 20081 Clarence Wyatt President 50 0 X 140499 0 30786 Ronda Willhardt Secretary 40 0 X 51859 0 10390 Lori Ferguson Assistant Secretary 40 0 X 13311 0 32 David Timmerman Dean of Faculty 50 0 X 148993 0 28623 Daryl Carr Chief Information Officer 50 0 X 106214 0 14413 William Urban Professor 40 0 X 133613 0 11281 1170282 0 154728 9 0 1 0 Aramark Campus Dining Service 700 E Broadway Monmouth IL 61462 Dining services 3040223 Ruffalo Noel Levitz PO Box 718 Des Moines IA 50303 Consulting 434880 Per Mar Security Services PO Box 1101 Davenport IA 52805 Security 115478 Klingner & Associates 616 North 24th St Quincy IL 62301 Engineering 165523 4 0 0 0 0 173927 11135261 5963207 11309188 Tuition & Fees 611310 41238339 41238339 0 0 Room & Board 611310 9928680 0 0 9928680 0 0 0 0 51167019 1949476 0 0 1949476 0 0 0 0 0 0 0 0 348838 0 0 0 348838 0 348838 0 0 348838 78625079 0 65192253 0 13432826 0 13432826 0 0 13432826 0 173250 0 0 173250 173250 78380597 41238339 0 25833070 25065307 25065307 190165 190165 1068768 286763 609445 172560 13773888 12047194 1149934 576760 857735 697655 113722 46358 2554856 1783833 689379 81644 1015279 842319 120871 52089 32015 6055 25960 48770 48770 5399 5399 205641 205641 56065 31832 24233 40900 31614 7224 2062 314626 306285 1787 6554 1313981 1218728 49727 45526 938242 734717 100815 102710 349299 349299 5396494 5299357 53965 43172 465831 458116 4300 3415 Printing 383429 241536 126286 15607 Repairs & Maintenance 704796 680909 19817 4070 Dining Services 2688696 2688696 0 0 Off Campus Programs 389882 389882 0 0 3392960 2685438 656567 50955 61253024 56035700 4008443 1208881 3486717 9479368 2619852 2645113 943215 239351 2396173 2498169 190000 125342 384714 614151 184556334 66085301 123148959 118471033 88764984 89093440 494000 494000 0 0 4009455 3856593 226438069 227516560 3308231 3823239 2609103 2595825 448248 431539 25186667 23903333 0 0 0 0 3972692 3853273 35524941 34607209 X 86338254 83783419 60245280 60696482 44329594 48429450 190913128 192909351 226438069 227516560 17127573 -15131350 0 0 0 0 X 1 X 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X 0 99214229 4224650 936672 1436610 2575116 0 100363825 87233884 1001555 14498368 1333811 2185767 0 99214229 77767647 786313 14899927 1252265 4967738 0 87233884 78623684 1727682 815649 1025162 2374206 0 77767647 66173604 542253 15270379 1057999 2304553 0 78623684 0.03 0.48 0.49 1 0 12906999 5301638 18208637 0 136105043 45495553 90609490 0 0 0 0 0 20639646 12677058 7962588 0 9603008 7912690 1690318 118471033 Annuities Payable 3853273 3853273 38505810 -15131350 0 0 -24743437 -39874787 78380597 0 0 0 78380597 36509587 0 0 0 0 0 36509587 0 24743437 24743437 61253024 Schedule D, Part III, Line 1 The College has a permanent art collection displayed within the facilities of the campus and it is insured for approximately $1,767,000. The collection is not reflected in the financial statements. Schedule D, Part III, Line 4 Various pieces of art and artifacts have been donated to the college and are used to enhance the scholarly research within the institution. This will enhance the college's ability to further our mission of a liberal arts education. Schedule D, Part V, Line 4 The College uses endowment funds to support a variety of scholarships, prizes, professorships, faculty development, academic departments, plant maintenance and other programs at the College. Schedule D, Part XI, Line 2d Student Assistance Schedule D, Part XII, Line 4b Student Assistance 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 College recruits nationally and internationally. Admissions and recruiting documents are the best way to make this information known since the general community is very broad. Our policy is on the College's website and in the catalog. Monmouth College is committed to providing equal opportunity to students, prospective students, employees and applicants for employment, and as such, does not discriminate on the basis of race, religion, color, sex, national origin, ancestory, disability, age, marital status, or other factors as prohibited by law in its policies regarding admissions, financial assistance, educational programs and employment. Schedule E, Part I, Line 6 The College received federal funds which were used for student program entitlements such as Federal Supplemental Educational Opportunity Grants, Pell Grants, Perkins Loans, Federal Work Study, Direct Loans and Illinois State Monetary Awards for students. 1 Europe (including Iceland and Greenland) 0 0 Program Services Academic program 253869 South America 0 0 Program Services Academic Program 10865 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Academic Program 736 East Asia and the Pacific 0 0 Program Services Academic program 37100 South America 0 0 Program Services Recruitment 23150 East Asia and the Pacific 0 0 Program Services Recruitment 11929 South Asia 0 0 Program Services Recruitment 9656 Central America and the Caribbean 0 0 Program Services Recruitment 2028 0 0 349333 Scholarships Europe (including Iceland and Greenland) 18 168544 Applied to tuition 0 N/A Scholarships East Asia and the Pacific 2 21621 Applied to tuition 0 N/A 0 0 0 0 0 0 Schedule F, Part I, Line 2 Grants are only for scholarship and are substantiated in the Financial Aid office on the basis of need or merit. The grants are applied directly to the tuition statements of the individual students. Only students enrolled at Monmouth College receive grants. 1 MC Tuition Grants to various students 0 25255472 0 Schedule I, Part I, Line 2 The College follows federal and state guidelines and internal non-discriminatory guidelines for institutional funding. Institutional funding is based on need, academic qualifications and institutional program needs and is monitored by the financial aid office. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Clarence Wyatt President 140499 0 0 0 0 0 9625 0 21160 0 171284 0 0 0 Jacquelyn Heerwagen Vice President for Student Affairs 154650 0 0 0 0 0 8862 0 7613 0 171125 0 0 0 David Timmerman Dean of Faculty 148993 0 0 0 0 0 10797 0 17826 0 177616 0 0 0 Steve Bloomer VP for Development & College Relations 162794 0 0 0 0 0 9943 0 541 0 173278 0 0 0 Richard Marshall VP for Finance & Business 134959 0 0 0 0 0 8663 0 11418 0 155040 0 0 0 Schedule J, Part I, Line 1a The President of the College is required to live on campus as a condition of his employment. Custodial care is provided at his residence. Monmouth Country Club dues are paid by the college for our VP of Development and College Relations. A City of Monmouth 376002276 609612AQ9 2005-01-20 6500000 Residence Hall Construction 0 0 0 B City of Monmouth 376002276 2011-08-09 10000000 Design, construction & equipping new three-story integrated learning center 0 0 0 C City of Monmouth 376002276 2012-07-20 3365000 Refunding Revenue Bonds (Prior issue date 8/19/2000) 0 0 0 D County of Warren 376002277 934780AA5 2002-09-26 12905000 Fitness Center 0 0 0 A 1380000 0 6500000 0 0 0 0 89922 0 6400678 0 0 2006 0 0 1 1 B 1166667 0 10000000 0 0 0 0 0 0 10000000 0 0 2013 0 0 1 1 C 1175000 0 3365000 0 0 0 0 0 0 0 1 1 1 D 5145000 0 12905000 0 0 0 143855 48084 0 9808061 0 0 2003 1 0 1 1 A 0 0 0 0 0 0 0 0 0 0 B 0 0 1 0 0 0.0018 0 0.0018 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 1 0 0 0 0 C 0 0 1 0 0 0 0 0 0 D 0 0 1 0 1 0 0 0 0 A 0 B 0 C 0 D 0 Augustin Hart College Trustee 0 Board Member of Midwest Bank who we utilize for local banking 0 Robert Tucker College Trustee 18660 Consults with Sports Camp 1 X 26 5963207 fmv 1 0 1 1 Schedule M, Part I, Line 32b The College uses licensed brokers to sell and process stock contributions. Form 990, Part VI, Section A, Line 2 Augustin Hart (Trustee) serves on the Board of Directors at a local bank which the College utilizes. Form 990, Part VI, Section B, Line 11b The Controller prepares the Form 990 and the VP for Finance reviews it. Once it is completed, the 990 is sent to the audit committee for review and approval. Once this review and approval is done, it is sent to all other voting members of the board. Form 990, Part VI, Section B, Line 12c All officers and trustees are required to submit a conflict of interest statement to the College on an annual basis. An annual conflict of interest survey is conducted by the corporate secretary. Form 990, Part VI, Section B, Line 15 Compensation for key employees is determined by the compensation committee of the Board of Trustees in conjunction with the College President. Key employees provide annual written self-evaluations to the compensation committee. The VP for Finance provides survey information for comparable institutions directly to the compensation committee. The compensation committee reviews information with the President and determines compensation levels. Compensation decisions are then provided to the VP for Finance who in turn passes that information to the HR department. Form 990, Part VI, Section C, Line 19 The College makes its governing documents, conflict of interest policy and financial statements available upon request and they are on the College website.