2023-04-12T10:14:25-05:00 2022-06-30 420714325 RSM US LLP 401 MAIN STREET SUITE 1200 PEORIA IL 616021242 990 2021-07-01 370673484 EUREKA COLLEGE EURE 3094676306 300 E COLLEGE AVE EUREKA IL 61530 CRAIG MAYNARD VP-FINANCE AND FACILITIES/CFO 3094676306 2023-04-10 1 CRAIG MAYNARD XXX-XX-XXXX MICHAEL BASS P00458970 3096718700 2023-04-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR JAMEL SC WRIGHT 300 E COLLEGE AVE EUREKA IL 61530 16222227 0 X WWW.EUREKA.EDU X 1855 IL HIGHER EDUCATION 20 19 335 75 0 0 3610116 5117566 8534917 7933080 639358 1619173 416566 413257 13200957 15083076 283988 862475 0 0 6887453 6825938 0 0 1103628 6883101 7718132 14054542 15406545 -853585 -323469 62116185 56922231 12870805 13070040 49245380 43852191 X EUREKA COLLEGE PROVIDES A STUDENT-CENTERED EXPERIENCE THAT CULTIVATES THE ESSENTIAL SKILLS TO SERVE WITH PASSION, LEAD WITH PURPOSE, PURSUE GROWTH OPPORTUNITIES AND LEARN FOR LIFE. 0 0 10212182 862475 8365940 EUREKA STUDENTS TAKE COURSES IN THE COLLEGE'S FOUR ACADEMIC DIVISIONS: ARTS AND EDUCATION, HUMANITIES, SCIENCE AND MATHEMATICS, AND SOCIAL SCIENCE AND BUSINESS. THE EUREKA COMMUNITY IS ONE THAT ENCOURAGES ITS MEMBERS INVOLVEMENT AND INTERACTION THROUGH SUCH ACTIVITIES AS MUSIC, THEATRE, STUDENT GOVERNMENT, AND ATHLETICS. AT THE CENTER OF THE EUREKA EXPERIENCE IS THE DEVELOPMENT OF VALUES THAT WILL HELP ITS GRADUATES CONTRIBUTE TO SOCIETY IN ROLES OF LEADERSHIP AND SERVICE.THE GOALS OF THE EUREKA COLLEGE CURRICULUM ARE PUBLISHED IN THE EUREKA COLLEGE CATALOG. THE COLLEGE UNDERSTANDS THAT THE TRUE PURPOSE OF EDUCATION IS TO REALIZE THE POTENTIAL OF THE WHOLE PERSON. ACCORDINGLY, OUR GOALS, ABBREVIATED BELOW, ARE TO FOSTER THE DEVELOPMENT OF:- THE INTELLECT- COMMUNICATION SKILLS- AESTHETIC AND CULTURAL AWARENESS- AN UNDERSTANDING OF THE NATURAL ENVIRONMENT- PHYSICAL FITNESS, ALERTNESS, AND VITALITY- COMPETENCE IN AT LEAST ONE ACADEMIC OR PROFESSIONAL FIELD- GREATER SOCIAL AWARENESS- GREATER SENSE OF PERSONAL RESPONSIBILITY- PERSONAL VALUES- WAYS TO USE KNOWLEDGE IN LEADERSHIP AND SERVICEIN 2021-2022, THE COLLEGE SAW NEW STUDENT ENROLLMENT OF 189, WITH A TOTAL ENROLLMENT OF 476 STUDENTS. THE COLLEGE ALSO REPORTS A 12:1 STUDENT-FACULTY RATIO AND A 2.89 GPA ON A 4.0 SCALE FOR ALL STUDENTS. 10212182 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 55 0 1 335 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 AK DC KY MD MA MI NH NY OR SC X CRAIG MAYNARD 3094676306 300 E COLLEGE AVENUE EUREKA IL 61530 JAMEL SANTA CRUZE WRIGHT PRESIDENT 40.00 X X 233711 0 23723 CRAIG MAYNARD VP FINANCE & FACILITIES/CF 40.00 X 123700 0 22082 ANN FULOP PROVOST 40.00 X 135052 0 2025 JOSEM DIAZ VP OF ADVANCEMENT 40.00 X 126284 0 9123 BEAU UNDERWOOD CHAIRMAN 1.00 X X 0 0 0 HARRY A WILLIAMS VICE CHAIRMAN 1.00 X X 0 0 0 MARYLEAN ABNEY TREASURER 1.00 X X 0 0 0 CLINTON DRURY SECRETARY 1.00 X X 0 0 0 WILLIAM BALL BOARD MEMBER 1.00 X 0 0 0 TIM ERICKSON BOARD MEMBER 1.00 X 0 0 0 ALLEN FORE BOARD MEMBER 1.00 X 0 0 0 LILA B GAMMON BOARD MEMBER 1.00 X 0 0 0 CHRIS GRGURICH BOARD MEMBER 1.00 X 0 0 0 K EDWARD HOLDERLE BOARD MEMBER 1.00 X 0 0 0 LESLIE MATUSZAK BOARD MEMBER 1.00 X 0 0 0 KOURI MARSHALL BOARD MEMBER 1.00 X 0 0 0 ANNA PALMER BOARD MEMBER 1.00 X 0 0 0 C MARK PALMER BOARD MEMBER 1.00 X 0 0 0 ERNEST G POTTER BOARD MEMBER 1.00 X 0 0 0 DUANE SCHROEDER BOARD MEMBER 1.00 X 0 0 0 CAROLYN SHEPHARD BOARD MEMBER 1.00 X 0 0 0 KELLY THOMPSON BOARD MEMBER 1.00 X 0 0 0 JERALD WOOLFOLK BOARD MEMBER 1.00 X 0 0 0 618747 0 56953 4 0 1 0 SODEXO FOOD SERVICES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 CONTRACTED FOOD SERVICES 1043650 APOGEE 1905 KRAMER LANE SUITE A100 AUSTIN TX 78758 CONTRACTED IT SERVICES 534746 MALONEY SERVICE & SUPPLY COMPANY 7930 N UNIVERSITY STREET PEORIA IL 61615 CONTRACTED CUSTODIAL SERVICES 280225 MBS DIRECT LLC PO BOX 617 COLUMBIA MO 65205 TEXTBOOK RETAILER 248261 UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAI 28394 NETWORK PLACE CHICAGO IL 60673 COVID-19 TESTING 210343 15 14350 2066259 3036957 5117566 TUITION & FEES 611310 6155499 6155499 ROOM & OTHER SERVICES 611310 1238520 1238520 CAMPUS BOOKSTORE SALES 611310 279727 279727 OTHER PROGRAM SERVICE REVENUE 611310 259334 259334 7933080 638056 638056 18815 34856 -16041 -16041 -16041 1105990 124873 981117 981117 981117 21457 14350 25019 -3562 -3562 1387263 954403 432860 432860 15083076 8365940 0 1599570 862475 862475 408757 300840 66210 41707 5363846 3943560 875809 544477 100527 75108 12762 12657 565684 421105 83638 60941 387124 290550 56498 40076 196632 196632 72490 72490 51928 536 51142 250 284683 172059 332 112292 218477 85966 76797 55714 83236 83236 1550845 1550845 229921 189984 17259 22678 352942 352942 289095 289095 215898 215898 CONTRACTUAL SERVICES 1303138 281696 836853 184589 MAINTENANCE, EQUIPMENT 1083915 920834 163081 STUDENT PROGRAMS & ACTI 856992 856992 BAD DEBTS 451329 35641 415688 476611 223991 224373 28247 15406545 10212182 4090735 1103628 1038849 327399 740451 2654806 442850 420519 1532815 1371327 390000 390000 85490 94190 322527 333634 58366352 34774141 24519832 23592211 26004116 21578347 6136739 5184825 902516 974973 62116185 56922231 703577 840083 90000 72000 10414620 10803233 125000 0 1537608 1354724 12870805 13070040 X 10102196 9363433 39143184 34488758 49245380 43852191 62116185 56922231 X -323469 -4098111 -971609 X X 0 1 X 1 1 1 X 2346716 1769263 2981828 3610116 5117566 15825489 2346716 1769263 2981828 3610116 5117566 15825489 2238590 13586899 927447 782438 679585 700455 656871 3746796 19572285 53507060 0.69420 0.68010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 50566 X X 0 37679041 200869 -3438101 1466628 32975181 31171236 159224 7590416 1241835 37679041 31380048 173891 691632 1074335 31171236 30776299 171105 1588977 1156333 31380048 27125418 692040 4318083 1359242 30776299 0.00838 0.81800 0.17362 0 0 2675905 2675905 41075633 22442246 18633387 11433530 9743727 1689803 3181284 2588168 593116 23592211 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 5184825 F 5184825 STUDENT DEPOSITS & DEFERRED TUITION 972208 ANNUITIES PAYABLE 122114 FEDERAL STUDENT LOAN FUNDS 147939 OBLIGATIONS UNDER CAPITAL LEASE 84327 INTEREST PAYABLE 28136 1354724 X 11047329 -4098111 -951914 -5050025 16097354 -1014278 -1014278 15083076 16440518 1033973 1033973 15406545 0 15406545 PART III, LINE 4: EUREKA COLLEGE HAS WORKS OF ART THAT INCLUDE PAINTINGS AND CIVIL WAR ITEMS. THESE ITEMS ARE USED IN THE CLASSROOMS IN THE FINE AND PERFORMING ARTS BUILDINGS. PART X, LINE 2: THE COLLEGE HAS RECEIVED A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING THAT THE COLLEGE QUALIFIES UNDER THE PROVISIONS OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE (CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES. AS SUCH, THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE CODE. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE COLLEGE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COLLEGE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AT JUNE 30, 2022 AND 2021, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS -951,914. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -954,403. RENTAL EXPENSES -34,856. FUNRAISING EXPENSES -25,019. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 954,403. RENTAL EXPENSES 34,856. ACTUARIAL ADJUSTMENT TO ANNUITIES PAYABLE 19,695. FUNDRAISING EXPENSES 25,019. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A SUMMARY STATEMENT OF THE COLLEGE'S NONDISCRIMINATORY POLICY IS INCLUDED IN THE COLLEGE CATALOG, STUDENT HANDBOOK, REGISTRATION MATERIAL, AND ALL OTHER WRITTEN DOCUMENTATION WITH THE PUBLIC. SCHEDULE E, PART I, LINE 6 GOVERNMENTAL AID RECEIVED IS IN THE FORM OF GRANTS FOR TUITION, FEES FOR ENROLLED STUDENTS, AND FUNDS FOR LOANS TO STUDENTS WHO MEET APPROVED GOVERNMENT PROGRAMS AND ELIGIBILITY REQUIREMENTS. THE COLLEGE IS ALSO A RECIPIENT FOR REIMBURSEMENT OF ADDITIONAL FUNDS FROM THE DEPARTMENT OF EDUCATION. GOLF OUTINGS 35807 14350 21457 25019 35807 14350 21457 25019 25019 -3562 1 HIGHER EDUCATION EMERGENCY RELIEF FUNDS 454 860175 PART I, LINE 2: THE ORGANIZATION DISTRIBUTED GRANT MONIES ONLY TO QUALIFYING STUDENTS IN ACCORDANCE WITH THE TERMS OF THE GRANT PROGRAM. ALL RECIPIENTS WERE REQUIRED TO APPLY TO THE FUNDING CERTIFICATE AND AGREEMENT FOR EMERGENCY FINANCIAL AID GRANTS TO STUDENTS TO ENSURE AMOUNTS WERE PROPERLY AWARDED TO QUALIFYING STUDENTS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JAMEL SANTA CRUZE WRIGHT PRESIDENT 181836 0 15857 0 36018 0 3591 0 20132 0 257434 0 0 0 PART I, LINE 1A EUREKA COLLEGE PROVIDED ITS PRESIDENT, JAMEL SANTA CRUZE WRIGHT, WITH FUNDS FOR COMPANION TRAVEL AND PERSONAL USE OF THEIR HOME. HOUSING ALLOWANCES WERE TREATED AS TAXABLE COMPENSATION TO THEM. TIM ERICKSON BOARD MEMBER 122121 CONSTRUCTION SERVICES WERE PROVIDED TO EUREKA COLLEGE BY CORE CONSTRUCTION SERVICES OF ILLINOIS, INC. IN THE CAPACITY OF AN INDEPENDENT CONTRACTOR DURING THE JUNE 30, 2022 FISCAL YEAR. BOARD MEMBER TIM ERICKSON IS THE PRESIDENT OF CORE CONSTRUCTION SERVICES OF ILLINOIS, INC. 1 FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD HAS DELEGATED THE DETAILED REVIEW TO THE EXECUTIVE COMMITTEE. ALL MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A COPY OF THE RETURN AND HAVE AN OPPORTUNITY TO ASK QUESTIONS AND THE ADMINISTRATION WILL SATISFACTORILY RESPOND TO THE EXECUTIVE COMMITTEE BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C WHEN ITEMS ARE VOTED ON BY THE BOARD, A MEMBER WITH A CONFLICT OF INTEREST WOULD DISCLOSE PRIOR TO THE VOTE AND ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CHIEF OFFICER OF THE COLLEGE IS RECOMMENDED BY THE OFFICERS OF THE BOARD OF TRUSTEES AND APPROVED BY THE BOARD. OUTSIDE FINANCIAL AND COMPARABLE DATA IS CONSIDERED IN DETERMINING THE COMPENSATION PAID. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE FINANCIAL REPORT IS MADE AVAILABLE UPON REQUEST. AVAILABILITY OF THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS DETERMINED ON A CASE BY CASE BASIS. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS -951,914. ACTUARIAL ADJUSTMENT TO ANNUITIES PAYABLE -19,695. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.