2022-04-04T14:07:30-05:00 2021-05-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2020-06-01 370711798 LINCOLN CHRISTIAN UNIVERSITY LINC 2177323168 100 CAMPUS VIEW DR LINCOLN IL 62656 SILAS MCCORMICK PRESIDENT 2177323168 2022-03-28 1 SILAS MCCORMICK 999009999 SAMUEL A CIGELNIK P00324762 3096714500 2022-03-28 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z SILAS MCCORMICK 100 CAMPUS VIEW DR LINCOLN IL 62656 12793778 0 X WWW.LINCOLNCHRISTIAN.EDU X 1944 IL LCU IS A HIGHER EDUCATION COMMUNITY WHOSE MISSION IS TO NUTURE AND EQUIP CHRISTIANS WITH A BIBLICAL WORLDVIEW TO SERVE AND LEAD IN THE CHURCH AND THE WORLD. 11 10 326 5 0 0 2320266 4234814 8168577 7544935 100648 53461 13403 2154 10602894 11835364 1750008 1425335 0 0 5643791 5352677 0 0 487905 3781145 4008444 11174944 10786456 -572050 1048908 25178159 25402517 11954305 10238506 13223854 15164011 TO NUTURE AND EQUIP CHRISTIANS WITH A BIBLICAL WORLDVIEW TO SERVE AND LEAD IN THE CHURCH AND THE WORLD. 0 0 8478254 1425335 7544935 LINCOLN CHRISTIAN UNIVERSITY IS A CHRISTIAN HIGHER EDUCATION COMMUNITY WHOSE MISSION IS TO NURTURE AND EQUIP CHRISTIANS WITH A BIBLICAL WORLDVIEW TO SERVE AND LEAD IN THE CHURCH AND THE WORLD. LCU OFFERS DEGREES IN EDUCATION, BIBLE/BIBLICAL STUDIES AND THEOLOGY, PRE-NURSING, SCIENCE, BUSINESS ADMINISTRATION, SPORTS MANAGEMENT, CHILDREN'S MINISTRY, CHRISTIAN MINISTRY, COMMUNICATION STUDIES, INTERCULTURAL STUDIES, MEDIA ARTS & MINISTRY, PHILOSOPHY AND APOLOGETICS, PREACHING MINISTRY, PSYCHOLOGY, CHURCH HISTORY/HISTORICAL THEOLOGY, SPIRITUAL FORMATION AND MINISTRY, WORSHIP MINISTRY, YOUTH AND FAMILY MINISTRY, ORGANIZATIONAL LEADERSHIP, AND COUNSELING. DEGREES AWARDED ARE AT THE FOLLOWING LEVELS: CERTIFICATES, ASSOCIATES, BACHELORS, MASTERS, AND DOCTORATES. 8478254 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 326 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DANIELLE FIELDS 2177323168 100 CAMPUS VIEW DR LINCOLN IL 62656 BRETT ANDERSON TRUSTEE 1.00 X 0 0 0 CHRISTOPHER W LAWLER SECRETARY 1.00 X X 0 0 0 DAN VESELSKY VICE CHAIR 1.00 X X 0 0 0 DARRYL BOLEN TRUSTEE 1.00 X 0 0 0 GENE HARKER TRUSTEE 1.00 X 0 0 0 JENNIFER ARMSTRONG TRUSTEE 1.00 X 0 0 0 MORGAN ARSENAU TRUSTEE 1.00 X 0 0 0 PAT MCDONALD TRUSTEE 1.00 X 0 0 0 SILAS MCCORMICK PRESIDENT 40.00 X X 75000 0 9350 SUSAN ALBERS TRUSTEE 1.00 X 0 0 0 TAMSEN MURRAY CHAIRPERSON 2.00 X X 0 0 0 DANIELLE FIELDS VICE PRESIDENT OF FINANCE 40.00 X 2935 0 360 77935 0 9710 0 0 0 0 PIONEER COLLEGE CATERERS 25055 WEST VALLEY PARKWAY STE 120 OLATHE KS 66061 FOOD SERVICE 684024 1 16700 4040 2053874 2160200 10000 4234814 SCHOOL OF UNDERGRADUATE STUDIES 611000 2878996 2878996 AUXILIARY 611000 1669970 1669970 SEMINARY 611000 1311577 1311577 NON-TRADITIONAL EDUCATION 611000 1273622 1273622 MISCELLANEOUS 611000 374890 374890 35880 35880 7544935 49444 49444 954047 3218 952498 750 1549 2468 4017 4017 7320 4040 5166 2154 2154 11835364 7544935 0 55615 X 1292393 1292393 132942 132942 486059 235743 168574 81742 3920993 3153294 539017 228682 688518 461326 161824 65368 257107 208570 22562 25975 57010 57010 29668 29668 23790 23790 84981 57678 26954 349 334369 183072 120587 30710 401791 374846 26945 487507 327698 159809 47361 44992 1153 1216 9112 8965 147 379685 379685 803975 718040 85935 FOOD SERVICES 605492 605492 MISCELLANEOUS 398164 23061 326637 48466 CONSULTANTS 151985 109114 37621 5250 CHANGE IN SPLIT INTERES 137553 137553 56001 56001 10786456 8478254 1820297 487905 1547 1001548 2242340 1379394 694704 483533 512992 530144 6721 6721 95450 64625 34240095 21122265 13647902 13117830 3480936 4118209 11865 12087 4463168 4667892 20534 20534 25178159 25402517 345397 431672 687361 475399 8646683 8193070 2274864 1138365 11954305 10238506 X 3495320 4373786 9728534 10790225 13223854 15164011 25178159 25402517 1048908 891249 0 X X 0 1 X 1 1 1 X 2450133 2298468 2612495 2320266 4234814 13916176 2450133 2298468 2612495 2320266 4234814 13916176 203374 13712802 94404 109790 138932 106915 49444 499485 14415661 42945099 0.95120 0.93310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5385565 191458 667534 557056 5687501 5301066 109682 42074 67257 5385565 5336831 202720 -66530 171955 5301066 5227120 121188 59390 70867 5336831 5026467 115205 187701 102253 5227120 0.00000 1.00000 0.00000 0 0 636155 636155 22325248 10955298 11369950 7374105 7229936 144169 3904587 2937031 967556 13117830 FARMLAND 4667892 F 4667892 ANNUITY LIABILITY 806809 CHARITABLE TRUST LIABILITY 42676 FEDERAL PERKINS LIABILITY 288880 1138365 X 11136755 891249 891249 10245506 29668 1560190 1589858 11835364 9196598 0 9196598 29668 1560190 1589858 10786456 PART X, LINE 2: ON JUNE 1, 2009, THE UNIVERSITY ADOPTED THE FINANCIAL ACCOUNTING STANDARDS BOARD'S NEW ACCOUNTING REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. UNDER THESE NEW REQUIREMENTS, A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD IS INITIALLY AND SUBSEQUENTLY MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE UNIVERSITY DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS A RESULT OF IMPLEMENTING THE NEW REQUIREMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS NETTED AGAINST REVENUE 1,425,335. CHANGE IN VALUE OF SPLIT-INTEREST 137,553. FUNDRAISING EXPENSES -5,166. GAIN ON SALE OF FIXED ASSETS 2,468. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS NETTED AGAINST REVENUE 1,425,335. CHANGE IN VALUE OF SPLIT-INTEREST 137,553. FUNDRAISING EXPENSES -5,166. GAIN ON SALE OF FIXED ASSETS 2,468. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 LCU RECEIVES FINANCIAL AID FROM THE STATE OF ILLINOIS AND AID FROM THE FEDERAL GOVERNMENT IN THE FORM OF PELL GRANTS, SEOG, FEDERAL DIRECT STUDENT LOANS, ACADEMIC COMPETITIVENESS GRANTS, AND PERKINS LOANS. 0 0 0 0 0 0 0 0 0 0 10% INTERNATIONAL STUDENT GRANT FOR CHINESE CITIZENS STUDYING AT LCU CHINA 27 132942 PER SEMESTER, ON ACCOUNT 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 TRADITIONAL UNDERGRADUATE STUDENTS 261 893738 NON-TRADITIONAL UNDERGRADUATE 23 21583 SEMINARY/GRADUATE STUDENT GRANTS 124 226517 ENDOWED SCHOLARSHIPS 62 150555 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE FINANCE TEAM WHO PRESENTS IT TO THE FULL BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD OF TRUSTEES AND KEY OFFICERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST AGREEMENTS WHERE THEY WOULD DISCLOSE PERTINENT INFORMATION. FORM 990, PART VI, SECTION B, LINE 15 OFFICER AND KEY EMPLOYEE'S COMPENSATION IS COMPARED TO SIMILAR SIZED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 LCU'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST AGREEMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 23,790. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,790. FORM 990, PART IX, LINE 24E BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 56,001. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,001. FORM 990, PART XII, LINE 2C: THE FINANCE TEAM OVERSEES THE SELECTION OF THE INDEPENDENT AUDITOR AND THE AUDITING PROCESS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.