2026-05-12T11:40:48-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-07-01 231352655 LINCOLN UNIVERSITY LINC 4843658000 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 WILBOURNE RUSERE VP OF FINANCE & ADMINISTRATION 4843658000 2026-05-11 1 0 LAURA J KENNEY P00202198 6177170831 2026-05-05 2024 2025-03-06 01:10:19Z DR BRENDA A ALLEN 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 105209214 0 X WWW.LINCOLN.EDU X UNIVERSITY 1854 PA LINCOLN UNIVERSITY IS A PUBLIC, HISTORICALLY BLACK UNIVERSITY (HBCU) THAT PROVIDES A LIBERAL ARTS EDUCATION ON THE UNDERGRADUATE LEVEL ON ITS MAIN, RESIDENTIAL CAMPUS IN CHESTER COUNTY, PA; AND PROFESSIONAL AND CONTINUING EDUCATION PROGRAMS ON ITS URBAN CAMPUS IN PHILADELPHIA. 34 32 937 250 -150126 0 24980179 32990993 60392649 57642042 175036 1417600 596260 309921 86144124 92360556 16246728 16722247 0 0 34076286 36971475 0 0 1096363 38748099 37745313 89071113 91439035 -2926989 921521 333454793 349246889 36404275 44949969 297050518 304296920 LINCOLN UNIVERSITY IS A PUBLIC, HISTORICALLY BLACK UNIVERSITY (HBCU) THAT PROVIDES A LIBERAL ARTS BASED, UNDERGRADUATE EDUCATION ON ITS MAIN RESIDENTIAL CAMPUS IN CHESTER COUNTY, PENNSYLVANIA; AND PROFESSIONAL PROGRAMS ON ITS URBAN CAMPUS IN PHILADELPHIA. 0 0 77765232 16722247 57642042 EDUCATION, GENERAL/OTHER: ACADEMIC SUPPORT, STUDENT SERVICES AND SCHOLARSHIPS. THESE PROGRAMS PROVIDE GENERAL SUPPORT TO STUDENTS FOR HOUSING, FINANCIAL AID, COUNSELING, HEALTH INSURANCE AND STUDENT GOVERNMENT, INSTRUCTION AND LIBRARY, AUXILIARY ENTERPRISES, COST OF STUDENT HOUSING AND MEALS, RESEARCH AND SPONSORED PROGRAMS PRIMARILY CONSISTING OF GRANTS FUNDED BY FEDERAL, STATE, AND LOCAL GOVERNMENTS TO SUPPORT THE UNIVERSITY'S INSTRUCTIONAL MISSION. 77765232 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 260 0 1 937 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 34 32 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X X WILBOURNE RUSERE 4843658000 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 19352 DR BRENDA A ALLEN PRESIDENT 37.50 2.50 X X 453056 0 114604 WILBOURNE RUSERE VP OF FINANCE & ADMINISTRATION 37.50 2.50 X 208898 0 43503 DR PATRICIA JOSEPH PROVOST & DEAN OF FACULTY 37.50 0.00 X 200968 0 30610 VENUS DIMARLO BOSTON GENERAL COUNSEL 37.50 0.00 X 199411 0 31008 EDISON CAMILO FREIRE VICE PRESIDENT, SCHOOL OF ADULT & CONTINUINA STUDI 37.50 0.00 X 202746 0 25352 DORCAS COLVIN VICE PRESIDENT, STUDENT SUCCESS 37.50 0.00 X 179371 0 18161 JUSTIN MCKENZIE CHIEF INFORMATION OFFICER 37.50 0.00 X 180412 0 15029 YEDA L AUTEN-ARSCOTT ASSOCIATE VP OF FACILITIES 37.50 0.00 X 176998 0 17565 DAVID GULICK PROJECT MANAGER 37.50 0.00 X 161036 0 28404 HARRY O STINSON III DIRECTOR, ATHLETICS 37.50 2.50 X 159642 0 26672 JAKE TANKSLEY VP OF HUMAN RESOURCES 37.50 0.00 X 155269 0 26504 LARYCIA ALAINE HAWKINS DIRECTOR, POLITICAL SCIENCE 37.50 0.00 X 151774 0 26127 DANA ROBERT FLINT PROFESSOR 37.50 0.00 X 147560 0 25590 MARC RICARDO PARTEE CHIEF OF POLICE 37.50 0.00 X 149359 0 14778 FRED-RICK ROUNDTREE ASSOCIATE VICE PRESIDENT 37.50 0.00 X 136004 0 23483 KEVIN ELI FAVOR PROFESSOR OF PSYCHOLOGY 37.50 0.00 X 135820 0 13392 DR KAREN BASKERVILLE TRUSTEE - FACULTY REPRESENTATIVE 37.50 0.00 X 128946 0 13072 GERALD BRUCE CHAIR 0.25 4.00 X X 0 0 0 JAMES W JORDAN VICE CHAIR 0.25 0.00 X X 0 0 0 JALILA PARKER SECRETARY 0.25 0.00 X X 0 0 0 HENRY M LANCASTER II PARLIMENTARIAN 0.25 0.00 X X 0 0 0 ROBERT L ARCHIE JR TRUSTEE 0.25 0.00 X 0 0 0 STEVEN BOARD TRUSTEE 0.25 0.00 X 0 0 0 OWEN COOKS TRUSTEE 0.25 0.00 X 0 0 0 VAN CORBIN TRUSTEE 0.25 4.00 X 0 0 0 LORELLA DICKS TRUSTEE 0.25 0.00 X 0 0 0 HONORABLE ANDREW E DINNIMAN TRUSTEE 0.25 0.00 X 0 0 0 WILLIAM F DUNBAR TRUSTEE 0.25 0.00 X 0 0 0 TANYA GARCIA TRUSTEE 0.25 0.00 X 0 0 0 MICHAEL HANCOCK TRUSTEE 0.25 0.00 X 0 0 0 DR TIFFANY L HARRISON TRUSTEE 0.25 0.00 X 0 0 0 LISA MB JOHNSON TRUSTEE 0.25 0.00 X 0 0 0 DR MARY JOHNSON-OSIRIM TRUSTEE 0.25 0.00 X 0 0 0 NANDI JONES-CLEMENT TRUSTEE 0.25 0.00 X 0 0 0 STEVEN KENRIC LEWIS TRUSTEE 0.25 0.00 X 0 0 0 DR WILBERT LAVIEST TRUSTEE 0.25 0.00 X 0 0 0 BERTRAM L LAWSON II TRUSTEE 0.25 0.00 X 0 0 0 EVERRETT LOVE TRUSTEE 0.25 0.00 X 0 0 0 TAMARA MAY TRUSTEE 0.25 0.00 X 0 0 0 DR KHALID N MUMIN TRUSTEE 0.25 0.00 X 0 0 0 JOHN PETTY III TRUSTEE 0.25 0.00 X 0 0 0 DR RODNEY S RIDLEY TRUSTEE 0.25 0.00 X 0 0 0 JOSE SABASTRO TRUSTEE 0.25 0.00 X 0 0 0 HONORABLE JOSH SHAPIRO TRUSTEE 0.25 0.00 X 0 0 0 SANDRA F SIMMONS TRUSTEE 0.25 0.00 X 0 0 0 DR CHARMAINE SPENCE ROCHESTER TRUSTEE 0.25 0.00 X 0 0 0 JAYLA TURNER TRUSTEE 0.25 0.00 X 0 0 0 KEVIN E VAUGHAN TRUSTEE 0.25 0.00 X 0 0 0 DR COREY DB WALKER TRUSTEE 0.25 0.00 X 0 0 0 JOSEPH V WILLIAMS JR TRUSTEE TO SEPT 2024 0.25 0.00 X 0 0 0 3127270 0 493854 53 0 1 0 ARAMARK MANAGEMENT SERVICES 1741 BUSINESS CENTER DRIVE RESTON VA 20190 FACILITIES MAINTENANCE CONTRACTOR 7893362 THOMPSON HOSPITALITY 505 HUNTMAR PARK DRIVE HERNDON VA 20170 FOOD SERVICE PROVIDER 4515702 ELLUCIAN COMPANY 2003 EDMOND HALLEY DR RESTON VA 20191 SOFTWARE 1174187 WELLFLEET GROUP LLC PO BOX 15369 SPRINGFIELD MA 01115 STUDENT HEALTH INSURANCE BROKER 1129437 CDW GOVERNMENT INC 230 N MILWAUKEE AVE VERNON HILLS IL 60061 IT HARDWARE 1020118 54 11554569 20848000 588424 32990993 TUITION AND FEES 611310 33370950 33370950 ROOM AND BOARD 611310 17066819 17066819 CONTRACTS & SPONSORED ACTIVITIES 611310 7204273 7204273 57642042 231914 231914 190418 436762 0 465244 190418 -28482 161936 -28482 190418 13250072 12064386 1185686 1185686 1185686 197384 319028 -121644 -121644 OTHER 900099 269629 269629 269629 92360556 57642042 -150126 1877647 16722247 16722247 2266130 2217098 49032 25732940 24834484 275922 622534 2319710 1612271 670263 37176 4484620 2814434 1550879 119307 2168075 1734846 384709 48520 1108393 175627 929586 3180 138875 98429 40446 383555 383555 111154 111154 2828170 2454258 322661 51251 767315 30920 732062 4333 2600142 1542616 927506 130020 2381376 2366348 15028 6945571 6930680 12156 2735 304799 292749 11680 370 1696667 1522039 146723 27905 2468301 2468301 6601736 6601736 1370089 1370089 REPAIRS & MAINTENANCE 8039170 8031548 7622 91439035 77765232 12577440 1096363 3863022 2088415 2743003 2863763 846046 1436706 4964152 3581848 1906663 1906665 189562 133152 508140 275237 462840632 197253563 256993673 265587069 47079658 64843912 2010469 970065 12350405 5560057 333454793 349246889 4084703 3980292 1536940 2778335 23990453 29164019 3347212 5065980 886570 542125 2558397 3419218 36404275 44949969 X 44873610 41108438 252176908 263188482 297050518 304296920 333454793 349246889 X 921521 4733059 1591822 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 56324821 -110877 2481408 2118444 111154 56465754 54129563 102570 4459711 2271913 95110 56324821 48966813 537499 5552607 1030282 -102926 54129563 57097013 309448 -7207298 1442598 -210248 48966813 45469662 341529 12464918 1279096 -100000 57097013 0.11964 0.30600 0.57436 0 0 1753058 1753058 332256472 141097298 191159174 103175563 36669514 66506049 25655539 19486751 6168788 265587069 ASSET RETIREMENT OBLIGATION 671286 GOVERNMENT ADVANCES FOR STUDENT LOANS 1890749 STUDENT DEPOSITS 273027 LEASE LIABILITY 492501 DUE TO FOUNDATION 91655 3419218 X 88529179 4733059 8268965 13002024 75527155 111154 16722247 16833401 92360556 81282777 6677143 6677143 74605634 111154 16722247 16833401 91439035 PART III, LINE 1A: THE UNIVERSITY MAINTAINS COLLECTIONS OF ART AND LITERATURE. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS NET ASSETS WITH DONOR RESTRICTIONS, IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED ITEMS ARE NOT REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PROCEEDS FROM THE DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, SCIENTIFIC SPECIMENS AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. PART V, LINE 4: ENDOWMENT FUNDS ARE PRIMARILY ALLOCATED FOR FINANCIAL ASSISTANCE FOR STUDENTS ATTENDING THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). INCOME, WHICH UNRELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, MAY BE SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES AS UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A MORE LIKELY THAN NOT RECOGNITION THRESHOLD OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE UNIVERSITY PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITION FOR THE YEAR ENDED JUNE 30, 2025, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST INCOME AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: STATE CONTRIBUTION FOR CAPITAL PROJECTS 14,279,309. ENDOWMENT CONTRIBUTIONS 110,877. BENEFICIAL INTEREST -6,762,704. COST OF GOODS SOLD INCLUDED IN EXPENSES 176,239. RENTAL EXPENSES 465,244. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 16,722,247. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION OF STATE CONTRIBUTED ASSETS 6,035,660. COST OF GOODS SOLD INCLUDED IN EXPENSES 176,239. RENTAL EXPENSES 465,244. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 16,722,247. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S RACIAL, NONDISCRIMINATORY POLICY IS PUBLISHED IN THE STUDENT HANDBOOK AND MEDIA ADVERTISEMENTS. A LINK TO THE NONDISCRIMINATORY POLICY WITH REGARD TO STUDENTS IS POSTED ON THE UNIVERSITY'S WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 AS A STATE-RELATED UNIVERSITY, LINCOLN UNIVERSITY RECEIVES DIRECT APPROPRIATION FROM THE COMMONWEALTH OF PENNSYLVANIA. ADDITIONALLY, STUDENTS RECEIVE STATE AND TITLE IV FEDERAL AID THAT IS PAYABLE TO THE UNIVERSITY AND APPLIED TO STUDENTS' TUITION AND FEES. TITLE IV AID INCLUDES PELL GRANTS, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS (SEOG), AND ACADEMIC COMPETITIVENESS GRANTS (ACG), ALONG WITH FEDERAL LOANS. STATE AID FROM THE COMMONWEALTH INCLUDES PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) GRANTS. 1 SCHOLARSHIPS 1633 16722247 0 N/A N/A PART I, LINE 2: AWARDS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS. SCHOLARSHIPS ARE PROVIDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. X X 1 1 X X 0 0 0 0 0 0 0 0 0 DR BRENDA A ALLEN PRESIDENT 453056 0 0 0 0 0 34500 0 80104 0 567660 0 0 0 WILBOURNE RUSERE VP OF FINANCE & ADMINISTRATION 208898 0 0 0 0 0 19365 0 24138 0 252401 0 0 0 DR PATRICIA JOSEPH PROVOST & DEAN OF FACULTY 200968 0 0 0 0 0 19858 0 10752 0 231578 0 0 0 VENUS DIMARLO BOSTON GENERAL COUNSEL 199411 0 0 0 0 0 20256 0 10752 0 230419 0 0 0 EDISON CAMILO FREIRE VICE PRESIDENT, SCHOOL OF ADULT & CO 202746 0 0 0 0 0 20300 0 5052 0 228098 0 0 0 DORCAS COLVIN VICE PRESIDENT, STUDENT SUCCESS 179371 0 0 0 0 0 17850 0 311 0 197532 0 0 0 JUSTIN MCKENZIE CHIEF INFORMATION OFFICER 180412 0 0 0 0 0 14950 0 79 0 195441 0 0 0 YEDA L AUTEN-ARSCOTT ASSOCIATE VP OF FACILITIES 176998 0 0 0 0 0 17565 0 0 0 194563 0 0 0 DAVID GULICK PROJECT MANAGER 161036 0 0 0 0 0 16322 0 12082 0 189440 0 0 0 HARRY O STINSON III DIRECTOR, ATHLETICS 159642 0 0 0 0 0 16076 0 10596 0 186314 0 0 0 JAKE TANKSLEY VP OF HUMAN RESOURCES 155269 0 0 0 0 0 15834 0 10670 0 181773 0 0 0 LARYCIA ALAINE HAWKINS DIRECTOR, POLITICAL SCIENCE 151774 0 0 0 0 0 15375 0 10752 0 177901 0 0 0 DANA ROBERT FLINT PROFESSOR 147560 0 0 0 0 0 14838 0 10752 0 173150 0 0 0 MARC RICARDO PARTEE CHIEF OF POLICE 149359 0 0 0 0 0 14778 0 0 0 164137 0 0 0 FRED-RICK ROUNDTREE ASSOCIATE VICE PRESIDENT 136004 0 0 0 0 0 12731 0 10752 0 159487 0 0 0 PART I, LINE 1A THE PRESIDENT IS CONTRACTUALLY REQUIRED TO RESIDE ON CAMPUS. THE PRESIDENT'S RESIDENCE IS ALSO USED FOR VARIOUS UNIVERSITY AND BOARD FUNCTIONS. THE PRESIDENT PAYS FOR CLEANING SERVICES OF PERSONAL SPACE. A REVENUE REFUNDING BONDS SERIES A OF 2023 (TAX-EXEMPT)(SOCIAL BONDS) 231352655 53500AAA9 2023-12-21 23804712 SEE SCHEDULE K, PART VI 0 0 0 A 25785000 2372028 603083 20886585 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN (F): DESCRIPTION OF PURPOSE (A) REFUNDING A TERM LOAN THAT REFUNDED THE SERIES 2013 NOTES, FUNDING A DEPOSIT TO THE DEBT SERVICE RESERVE FUND FOR THE SERIES 2023 BONDS, AND PAYING ALL OR A PORTION OF THE COSTS OF ISSUANCE OF THE SERIES 2023 BONDS. SCHEDULE K, PART II, LINE 3: TOTAL PROCEEDS OF ISSUE (A) THE TOTAL PROCEEDS OF ISSUE INCLUDES BOND DISCOUNT OF $1,980,288 THAT IS NOT INCLUDED IN THE ISSUE PRICE REPORTED IN SCHEDULE K, PART I, COLUMN (E). SCHEDULE K, PART II, LINE 4: GROSS PROCEEDS IN RESERVE FUNDS (A) GROSS PROCEEDS IN RESERVE FUNDS INCLUDES INVESTMENT EARNINGS OF $56,984. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD, ELECTED OFFICERS OF THE BOARD, BOARD COMMITTEE CHAIRPERSONS, THE PRESIDENT, EX-OFFICIO, AND NOT LESS THAN ELEVEN NOR MORE THAN THIRTEEN MEMBERS APPOINTED BY THE CHAIR OF THE BOARD, SUBJECT TO THE APPROVAL OF THE BOARD. EXCEPT FOR THE APPOINTMENT OR TERMINATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNOR OF THE COMMONWEALTH OF PENNSYLVANIA, THE SECRETARY OF EDUCATION OF THE COMMONWEALTH, AND THE PRESIDENT OF THE UNIVERSITY ARE REQUIRED TO BE MEMBERS OF THE BOARD OF TRUSTEES. FOUR TRUSTEES ARE APPOINTED BY THE GOVERNOR, WITH THE ADVICE AND CONSENT OF TWO-THIRDS OF ALL THE MEMBERS OF THE SENATE, AND FOUR BY THE PRESIDENT PRO TEMPORE OF THE SENATE, AND FOUR BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. A COPY IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES MONITORS AND TRACKS COMPLIANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. ISSUANCE AND COLLECTION OF ANNUAL STATEMENTS IS COORDINATED BY THE VICE PRESIDENT OF FINANCE & ADMINISTRATION. THE CHAIR OF THE BOARD AND THE CHAIR OF THE AUDIT COMMITTEE ARE PROVIDED WITH COPIES OF ALL STATEMENTS. ENFORCEMENT OF THE POLICY AND OVERSIGHT OF ANY REPORTED CONFLICTS ARE ADJUDICATED BY THE TWO CHAIRS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD SETS AND APPROVES THE PRESIDENT'S COMPENSATION. ALL OTHER EMPLOYEE COMPENSATION IS ADMINISTERED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT THROUGH THE UNIVERSITY'S BUDGET PROCESS. THE BOARD AND VARIOUS BOARD COMMITTEES ARE PROVIDED WITH THE YEARLY OPERATING AND CAPITAL BUDGET DETAILS, WHICH ARE REVIEWED AND APPROVED BY A BOARD RESOLUTION. AN INDEPENDENT COMMITTEE OF TRUSTEES USES APPROPRIATE, COMPARABLE COMPENSATION DATA, AND THE DELIBERATIONS AND DECISIONS ARE TIMELY DOCUMENTED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING ARE POSTED ON THE UNIVERSITY'S WEBSITE: UNIVERSITY'S BY-LAWS, UNIVERSITY POLICIES, ALL RESOLUTIONS PASSED BY THE BOARD OF TRUSTEES, MEETING MINUTES OF THE BOARD OF TRUSTEES, A LISTING OF ALL BOARD MEMBERS, A LISTING OF THE UNIVERSITY'S FIVE HIGHEST PAID EMPLOYEES, THE IRS FORM 990, AND THE ANNUAL FINANCIAL AUDIT. FORM 990, PART XI, LINE 9: STATE CONTRIBUTIONS FOR CAPITAL PROJECTS 14,279,309. ENDOWMENT CONTRIBUTIONS 110,877. DEPRECIATION OF STATE CONTRIBUTED ASSETS -6,035,660. CHANGE IN BENEFICIAL INTEREST IN LINCOLN UNIVERSITY FOUNDATION -6,762,704. LINCOLN UNIVERSITY FOUNDATION OF PA 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 842085409 FUNDRAISING FOR LINCOLN UNIVERSITY PA 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0