2021-05-14T15:16:48-05:00 2020-06-30 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2019-07-01 370661228 MONMOUTH COLLEGE MONM 3094572125 700 EAST BROADWAY MONMOUTH IL 61462 MELONY SACOPULOS VP FINANCE 3094572125 2021-05-13 1 JILL M BOYLE CPA P01246734 2177933363 2021-05-13 2019 2022-09-23 18:48:47Z MELONY SACOPULOS 700 EAST BROADWAY MONMOUTH IL 61462 71234517 0 X WWW.MONMOUTHCOLLEGE.EDU X 1853 IL TO CREATE AND SUSTAIN AN ENVIRONMENT THAT IS COMMITTED TO LIBERAL ARTS EDUCATION. 39 38 938 39 0 -7722 8352929 9833314 40914961 41866206 4075068 1397301 408134 587275 53751092 53684096 21687197 22606272 0 0 20311649 20187739 0 0 692214 19178055 17277057 61176901 60071068 -7425809 -6386972 231669672 225152579 45375326 43088278 186294346 182064301 X 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 45928810 22606272 33911232 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. 6984589 8028685 AUXILIARY SERVICES: STUDENT HOUSING AND DINING PROGRAMS, SECURITY AND PARKING. 52913399 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 1 1 0 0 0 0 0 0 0 0 1 1283 0 938 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MELONY SACOPULOS 3094572124 700 EAST BROADWAY MONMOUTH IL 61462 CLARENCE R WYATT PRESIDENT 50.00 X 610560 0 30323 LAURA HUTCHINSON VP STUDENT AFFAIRS (END 3/31/20) 50.00 X 171803 0 21829 RICHARD A MARSHALL TREASURER (END 1/2/20) 50.00 X 165624 0 22254 MARK WILLHARDT VP ACADEMIC AFFAIRS, DEAN 50.00 X 150339 0 20276 KRISTEN ENGLISH VP ENROLLMENT MANAGEMENT 50.00 X 123866 0 16496 JOHN OSTERLUND VP DEVELOPMENT (END 7/31/19) 50.00 X 127681 0 8009 CHRISTINE JOHNSTON INSTITUTIONAL RESEARCH 50.00 X 109403 0 15378 DARYL CARR CHIEF INFORMATION OFFICER 50.00 X 108615 0 15269 FRANK GERSICH ASSOC. DEAN, ACCOUNTING PROFESSOR 50.00 X 101964 0 13945 JESSICA R JOHNSTON ASSISTANT TREASURER 40.00 X 93911 0 13941 RONDA K WILLHARDT SECRETARY 40.00 X 59891 0 11747 LORI A FERGUSON ASSISTANT SECRETARY 40.00 X 34340 0 2524 MARK KOPINSKI TRUSTEE, CHAIRMAN 1.00 X X 0 0 0 RALPH VELAZQUEZ JR TRUSTEE, VICE CHAIR 1.00 X X 0 0 0 DANIEL COTTER TRUSTEE 1.00 X 0 0 0 ROBERT DAHL TRUSTEE 1.00 X 0 0 0 MAHENDRAN JAWAHARLAL TRUSTEE 1.00 X 0 0 0 ROD DAVIES TRUSTEE 1.00 X 0 0 0 DR NANCY SPEER ENGQUIST TRUSTEE 1.00 X 0 0 0 CHRISTINE FARR TRUSTEE 1.00 X 0 0 0 AUGUSTIN HART TRUSTEE 1.00 X 0 0 0 J STANLEY PEPPER TRUSTEE 1.00 X 0 0 0 REV ROBERT C MCCONNELL TRUSTEE 1.00 X 0 0 0 F AUSTIN JONES TRUSTEE 1.00 X 0 0 0 JOHN KEMP TRUSTEE 1.00 X 0 0 0 JACKIE BELL ZACHMEYER TRUSTEE 1.00 X 0 0 0 DOUGLAS R CARLSON TRUSTEE 1.00 X 0 0 0 GARY MELVIN TRUSTEE 1.00 X 0 0 0 GAIL OWEN TRUSTEE 1.00 X 0 0 0 J HUNTER PEACOCK TRUSTEE 1.00 X 0 0 0 ANTHONY J PERZIGIAN TRUSTEE 1.00 X 0 0 0 DWIGHT TIERNEY TRUSTEE 1.00 X 0 0 0 MARK TAYLOR TRUSTEE 1.00 X 0 0 0 SUSAN ROMAINE TRUSTEE 1.00 X 0 0 0 THE HON JOHN J SCOTILLO TRUSTEE 1.00 X 0 0 0 BRAD NAHRSTADT TRUSTEE 1.00 X 0 0 0 J ALEX MCGEHEE TRUSTEE 1.00 X 0 0 0 DENNIS M PLUMMER TRUSTEE 1.00 X 0 0 0 NANCY L SNOWDEN TRUSTEE 1.00 X 0 0 0 GEORGE TROTTER III TRUSTEE 1.00 X 0 0 0 BETH BOWDOIN TYRE TRUSTEE 1.00 X 0 0 0 KEVIN GOODWIN TRUSTEE 1.00 X 0 0 0 SHERMAN SMITH TRUSTEE 1.00 X 0 0 0 JEAN PETERS WITTY TRUSTEE 1.00 X 0 0 0 WILLIAM GOLDSBOROUGH TRUSTEE 1.00 X 0 0 0 DR CARLOS F SMITH TRUSTEE 1.00 X 0 0 0 ANITA RIDGE TRUSTEE 1.00 X 0 0 0 ROY SYE TRUSTEE 1.00 X 0 0 0 JERRI PICHA TRUSTEE 1.00 X 0 0 0 MICHAEL B MCCULLEY ESQ TRUSTEE 1.00 X 0 0 0 ANDREW KERR TRUSTEE 1.00 X 0 0 0 1857997 0 191991 9 0 1 0 ARAMARK CAMPUS DINING SERVICE 700 E BROADWAY MONMOUTH IL 61462 DINING SERVICES 2834054 ELLUCIAN CO LP 4375 FAIR LAKES COURT FAIRFAX VA 22033 ADMINISTRATIVE SOFTWARE 255380 KELLOGG PRINTING 95 PUBLIC SQ MONMOUTH IL 614620437 PRINT SERVICES 190312 PEPPER CONSTRUCTION GROUP 643 N ORLEANS ST CHICAGO IL 606543608 BUILDING 168225 WAYBETTER MARKETING 4001 CHATHAM RD ELLICOTT CITY MD 21042 ADMISSIONS MARKETING 167188 10 1081963 8751351 1520160 9833314 TUITION & FEES 611310 33837521 33837521 ROOM & BOARD 611310 8028685 8028685 41866206 2029109 2029109 312900 0 312900 312900 312900 16918288 325 17549718 703 -631430 -378 -631808 -631808 274375 73711 200664 274375 53684096 41939917 0 1910865 22606272 22606272 1567329 479008 1088321 14493626 12236317 1843649 413660 802863 620197 158892 23774 2405432 1782383 572144 50905 918489 721213 169374 27902 21715 17086 4629 342554 342554 1140241 921369 209665 9207 14186 5214 8972 1078768 910444 155920 12404 1479581 1287095 178840 13646 877614 689755 136623 51236 988084 988084 4940930 4840864 60629 39437 476540 468541 4516 3483 DINING SERVICES 2585305 2550404 34789 112 REPAIRS & MAINTENANCE 1254828 1021174 196261 37393 MEMBERSHIPS & EVENTS 456374 238146 210451 7777 OFF CAMPUS PROGRAMS 105629 105629 1514708 1412288 101142 1278 60071068 52913399 6465455 692214 2929196 2952582 1901797 3483283 441528 322149 2047638 1670168 75205 62671 531821 516963 197058227 90482117 110729458 106576110 108841970 105633370 269275 263573 3901784 3671710 231669672 225152579 5200053 4429346 2612600 2005375 1066781 1106902 25438830 24250417 11057062 11296238 45375326 43088278 X 65231239 60096963 121063107 121967338 186294346 182064301 231669672 225152579 X -6386972 2626066 -469139 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 122619245 4182447 4432067 2259783 14312720 114661256 118155199 4703020 5119358 2114236 3244096 122619245 109758138 4150195 8797982 1846060 2705056 118155199 94774985 6933426 12652457 1772815 2829915 109758138 100363825 1079852 -2033213 1683562 2951917 94774985 0.02250 0.45670 0.52080 1 0 11192381 5406942 16599323 147232067 63735911 83496156 23016203 19299781 3716422 10210634 7446425 2764209 106576110 LINE OF CREDIT 5000000 ANNUITIES PAYABLE 3277417 CAPITAL LEASE OBLIGATION 105345 REFUNDABLE GRANT ADVANCE 2913476 11296238 X 32892197 2626066 -469139 2156927 30735270 342554 22606272 22948826 53684096 37122242 0 37122242 342554 22606272 22948826 60071068 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. THE COLLEGE FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ANNUITIES, NET -248,784. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -220,355. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & SCHOLARSHIPS 22,606,272. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & SCHOLARSHIPS 22,606,272. 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 928 22606272 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 R WYATT PRESIDENT 310560 0 0 0 300000 0 19600 0 10723 0 640883 0 0 0 LAURA HUTCHINSON VP STUDENT AFFAIRS (END 3/31/20) 171803 0 0 0 0 0 12372 0 9457 0 193632 0 0 0 RICHARD A MARSHALL TREASURER (END 1/2/20) 165624 0 0 0 0 0 12023 0 10231 0 187878 0 0 0 MARK WILLHARDT VP ACADEMIC AFFAIRS, DEAN 150339 0 0 0 0 0 11135 0 9141 0 170615 0 0 0 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. 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 153937 12170000 170000 12000000 1 0 1 1 B 282765 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 1 STAN PEPPER COLLEGE TRUSTEE 168225 PAID TO HIS CONSTRUCTION COMPANY FOR RENOVATIONS TO GRIER HALL 1 X 17 1520160 FMV 0 1 1 PART I, LINE 32B: THE COLLEGE USES LICENSED BROKERS TO SELL AND PROCESS STOCK CONTRIBUTIONS. 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 -248,784. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -220,355.