2026-05-05T12:38:45-05:00 2025-06-30 363168081 SIKICH LLC 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2024-07-01 370661228 MONMOUTH COLLEGE MONM 3094572125 700 EAST BROADWAY MONMOUTH IL 61462 HOLLY THARP VP OF FINANCE AND BUSINESS 3094572125 2026-04-24 1 0 AMANDA WHITE P01790293 2177933363 2026-04-24 2024 2025-03-06 01:10:19Z HOLLY THARP 700 EAST BROADWAY MONMOUTH IL 61462 96994656 0 X WWW.MONMOUTHCOLLEGE.EDU X 1853 IL TO CREATE AND SUSTAIN AN ENVIRONMENT THAT IS COMMITTED TO LIBERAL ARTS EDUCATION. 25 25 656 41 0 0 19456650 7466059 37605934 38053713 7599954 9981527 1497295 3176628 66159833 58677927 21766704 21594260 0 0 17467190 16852835 0 0 537301 20405290 19789659 59639184 58236754 6520649 441173 241999136 241007189 31120397 25755500 210878739 215251689 X MONMOUTH COLLEGE PROVIDES A TRANSFORMATIVE EDUCATIONAL EXPERIENCE WITHIN A CARING COMMUNITY OF LEARNERS. AS A RESIDENTIAL LIBERAL ARTS COLLEGE, WE EMPOWER STUDENTS TO REALIZE THEIR FULL POTENTIAL, LIVE MEANINGFUL LIVES, PURSUE SUCCESSFUL CAREERS, AND SHAPE THEIR COMMUNITIES AND WORLD THROUGH SERVICE AND LEADERSHIP. 0 0 45949043 21594260 30428920 HIGHER EDUCATION: INSTRUCTIONAL PROGRAMS-HUMANITIES, SCIENCES, SOCIAL SCIENCES AND OTHER LIBERAL ARTS PROGRAMS, BUSINESS AND EDUCATION. SERVE APPROXIMATELY 900 STUDENTS. PROGRAMS INCLUDE ACADEMIC DEPARTMENTS AS WELL AS ACADEMIC SUPPORT AREAS SUCH AS LIBRARY, ACADEMIC COMPUTING, FACULTY DEVELOPMENT, ETC. THIS REPRESENTS TUITION AND FEES. 5912191 7726486 AUXILIARY SERVICES: STUDENT HOUSING AND DINING PROGRAMS, AND PARKING. 51861234 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 1 0 0 1 0 0 0 0 0 0 0 0 1 1713 0 656 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X HOLLY THARP 3094572426 700 EAST BROADWAY MONMOUTH IL 61462 MARK KOPINKSKI TRUSTEE, CHAIRMAN 1.00 X X 0 0 0 RALPH VELAZQUEZ JR TRUSTEE, VICE CHAIR 1.00 X X 0 0 0 DOUGLAS R CARLSON TRUSTEE 1.00 X 0 0 0 DANIEL A COTTER TRUSTEE 1.00 X 0 0 0 DANIEL DICKSON TRUSTEE 1.00 X 0 0 0 HARVEY L ECHOLS TRUSTEE 1.00 X 0 0 0 CHRISTINE FARR TRUSTEE 1.00 X 0 0 0 ROBIN GALLOWAY TRUSTEE 1.00 X 0 0 0 WILLIAM GOLDSBOROUGH TRUSTEE 1.00 X 0 0 0 AUGUSTIN HART TRUSTEE 1.00 X 0 0 0 MAHENDRAN JAWAHARLAL TRUSTEE 1.00 X 0 0 0 F AUSTIN JONES TRUSTEE 1.00 X 0 0 0 REV ROBERT C MCCONNELL TRUSTEE 1.00 X 0 0 0 PAMELA MEANES TRUSTEE 1.00 X 0 0 0 BRADLEY NAHRSTADT TRUSTEE 1.00 X 0 0 0 GAIL OWEN TRUSTEE 1.00 X 0 0 0 ANTHONY J PERZIGIAN TRUSTEE 1.00 X 0 0 0 DENNIS PLUMMER TRUSTEE 1.00 X 0 0 0 ANITA RIDGE TRUSTEE 1.00 X 0 0 0 TIM SALIER TRUSTEE 1.00 X 0 0 0 THE HON JOHN J SCOTILLO TRUSTEE 1.00 X 0 0 0 DR CARLOS F SMITH TRUSTEE 1.00 X 0 0 0 NANCY L SNOWDEN TRUSTEE 1.00 X 0 0 0 MARK TAYLOR TRUSTEE 1.00 X 0 0 0 JEAN PETERS WITTY TRUSTEE 1.00 X 0 0 0 CLARENCE WYATT END 063024 PRESIDENT 50.00 X 591604 0 18025 PATRICIA DRAVES PRESIDENT 50.00 X 158401 0 13453 JODI FORRESTER SECRETARY 40.00 X 42325 0 3075 HOLLY THARP TREASURER, VP OF FINANCE & BUSINESS 50.00 X 169644 0 21009 JEVANIE GILLEN ASSISTANT SECRETARY 40.00 X 40374 0 10568 KATHERINE WALL ASSISTANT TREASURER, CONTROLLER 40.00 X 78462 0 5787 MARK WILLHARDT VP ACADEMIC AFFAIRS, DEAN OF FACULTY 50.00 X 307140 0 20825 HANNAH MAHER VP OF DEVELOPMENT 50.00 X 172731 0 12298 MICHELLE MERRITT VP OF STUDENT SUCCESS 50.00 X 120745 0 19930 KAREN OGORZALEK VP OF STUDENT LIFE, DEAN OF STUDENTS 50.00 X 124252 0 17392 STEPHANIE LEVENSON VP OF ENROLLMENT MANAGEMENT 50.00 X 164102 0 27259 1969780 0 169621 8 0 1 0 ARAMARK CAMPUS DINING SERVICES 700 E BROADWAY MONMOUTH IL 61462 DINING SERVICES 3408961 CAMPUSWORKS INC PO BOX 735111 CHICAGO IL 60673 INFORMATION TECHNOLOGY SERVICES 1274144 LOCKSTEP TECHNOLOGY GROUP PO BOX 932094 ATLANTA GA 31193 INFORMATION TECHNOLOGY SERVICES 1270966 TRACK SURFACES 42 W 698 FALCON LN SAINT CHARLES IL 60175 TRACK RESURFACING 995925 BLUSKY RESTORATION CONTRACTORS LLC 9110 E NICHOLS AVE SUITE 180 CENTENNIAL CO 80112 RESTORATION 605965 21 125392 7340667 1267157 7466059 TUITION & FEES 611310 30327227 30327227 ROOM & BOARD 611310 7726486 7726486 38053713 2566483 2566483 487241 0 487241 487241 487241 44576773 1155000 37176730 1139999 7400043 15001 7415044 7415044 INSURANCE PROCEEDS 900099 2524747 2524747 IT CYBER SECURITY INSURANCE 900099 62947 62947 101693 101693 2689387 58677927 38155406 0 13056462 21594260 21594260 954506 205162 749344 12471093 10773868 1470086 227139 621196 467722 139737 13737 2016985 1531465 463073 22447 789055 623046 151366 14643 241971 63843 178128 128913 128913 3349988 3032030 305640 12318 92022 81127 10895 842703 663160 159677 19866 2153558 1981155 144541 27862 624822 577964 46858 745266 745266 4191930 4105346 53139 33445 974678 954173 12858 7647 DINING SERVICES 3380679 3345364 32132 3183 REPAIRS & MAINTENANCE 2047023 1212691 735379 98953 MEMBERSHIP & EVENTS 356133 176310 172960 6863 OFF CAMPUS PROGRAMS 41953 41953 618020 430595 185085 2340 58236754 51861234 5838219 537301 4821221 4881905 1287615 695493 128238 109462 110533 13483 12534 0 601414 479561 220413385 108892996 112261022 111520389 116952027 118547874 62634 0 5761898 4759022 241999136 241007189 5894506 5439299 373095 174155 694848 526778 16556591 14286185 7601357 5329083 31120397 25755500 X 88895914 86978707 121982825 128272982 210878739 215251689 241999136 241007189 X 441173 4117941 -186164 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 141991869 969260 13317154 6719684 4123449 145435150 124783301 12621879 15554834 5690779 5277366 141991869 121881403 2571703 13550899 3933529 9287175 124783301 146245258 7779452 -16382888 5692689 10067730 121881403 114661256 2504944 33603627 2421405 2103164 146245258 0.11996 0.55315 0.32689 1 0 27869555 16631221 44500776 150512997 87408830 63104167 24028158 21484166 2543992 1371454 1371454 111520389 LINE OF CREDIT 3050000 ANNUITIES PAYABLE 2029091 OPERATING LEASE LIABILITIES 249992 5329083 X 40886531 4117941 -186164 3931777 36954754 128913 21594260 21723173 58677927 36513581 0 36513581 128913 21594260 21723173 58236754 PART III, LINE 1A: THE COLLEGE HAS A PERMANENT ART COLLECTION DISPLAYED WITHIN THE FACILITIES OF THE CAMPUS AND IT IS INSURED FOR APPROXIMATELY $1,772,000. THE COLLECTION IS NOT REFLECTED IN THE FINANCIAL STATEMENTS. 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. 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. PART X, LINE 2: THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR PROVISIONS OF THE STATE TAX CODE. THE COLLEGE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. ACCORDINGLY, THERE IS NO INCOME TAX PROVISION INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS, AND MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS. THE COLLEGE FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. THE COLLEGE IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ANNUITIES, NET -214,969. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 28,805. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & SCHOLARSHIPS 21,594,260. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & SCHOLARSHIPS 21,594,260. 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 MC TUITION GRANTS TO VARIOUS STUDENTS 715 21594260 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 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CLARENCE WYATT END 063024 PRESIDENT 591604 0 0 0 0 0 12075 0 5950 0 609629 0 0 0 MARK WILLHARDT VP ACADEMIC AFFAIRS, DEAN OF FACULTY 307140 0 0 0 0 0 12183 0 8642 0 327965 0 0 0 STEPHANIE LEVENSON VP OF ENROLLMENT MANAGEMENT 164102 0 0 0 0 0 12014 0 15245 0 191361 0 0 0 HOLLY THARP TREASURER, VP OF FINANCE & BUSINESS 169644 0 0 0 0 0 12358 0 8651 0 190653 0 0 0 HANNAH MAHER VP OF DEVELOPMENT 172731 0 0 0 0 0 11671 0 627 0 185029 0 0 0 PATRICIA DRAVES PRESIDENT 158401 0 0 0 0 0 9625 0 3828 0 171854 0 0 0 PART I, LINE 1A THE PRESIDENT OF THE COLLEGE IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF HER EMPLOYMENT, CUSTODIAL CARE IS PROVIDED AT HER RESIDENCE. A WESTERN ILLINOIS ECONOMIC DEVELOPMENT AUTHORITY 352256539 2016-12-23 12170000 REFINANCING OF TAXABLE INDEBTEDNESS 0 0 0 B WESTERN ILLINOIS ECONOMIC DEVELOPMENT AUTHORITY 352256539 2017-01-10 10000000 REFINANCING OF TAXABLE INDEBTEDNESS 0 0 0 A 6189530 12170000 170000 12000000 1 0 1 1 B 5297022 10000000 10000000 1 0 1 1 A 0 0 1 1 0 0 0 1 B 0 0 1 1 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 A 1 B 1 PART I, ROWS A & B, COLUMN F THE TAXABLE INDEBTEDNESS WAS ISSUED TO REFUND 2002 BONDS, 2005 BONDS, 2011 BONDS AND 2012 BONDS THE 2002 BONDS WERE ISSUED ON 9/26/02. THE 2005 BONDS WERE ISSUED ON 1/20/05. THE 2011 BONDS WERE ISSUED ON 8/9/11. THE 2012 BONDS WERE ISSED ON 7/20/12. THE TAXABLE INDEBTEDNESS WAS ISSUED ON 9/1/16. PART IV, COLUMNS A & B, LINE 2B BOND ISSUES WERE CURRENT REFUNDINGS THAT MET SIX-MONTH REBATE SPENDING EXCEPTION. AUGUSTIN HART COLLEGE TRUSTEE 0 BOARD MEMBER OF MIDWEST BANK WHICH THE COLLEGE UTILIZES FOR INSURANCE AND BANKING 0 AUSTIN JONES COLLEGE TRUSTEE 0 CEO/PRESIDENT FOR GRINNELL BANK WHICH IS A PARTICIPANT IN BOND DEBT 0 X 8 1259662 X TENNIS BALL MACHINE 1 7495 FMV 0 0 1 1 PART I, LINE 32B: THE COLLEGE USES MIDWEST BANK WEALTH MANAGEMENT TO RECEIVE STOCK GIFTS AND LIQUIDATE THEM ON BEHALF OF THE COLLEGE. ONCE THE SHARES ARE SOLD, THEY TRANSFER THE PROCEEDS DIRECTLY TO THE COLLEGE'S OPERATING ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990, PART XI, LINE 9: CHANGE IN ANNUITIES, NET -214,969. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 28,805.