2021-03-30T09:05:10-05:00 2020-06-30 420714325 RSM US LLP 117 E MAIN STREET SUITE 210 GALESBURG IL 61401 990 2019-07-01 370673484 EUREKA COLLEGE EURE 3094676306 300 E COLLEGE AVE EUREKA IL 61530 CRAIG MAYNARD VP-FINANCE AND FACILITIES/CFO 3094676306 2021-03-03 1 DELINDA HAWKINS P00485614 3093421175 2021-03-03 2019 2022-09-23 18:48:47Z DR JAMEL SC WRIGHT 300 E COLLEGE AVE EUREKA IL 61530 15142992 0 X WWW.EUREKA.EDU X 1855 IL HIGHER EDUCATION 26 25 359 75 0 0 1769263 2981828 9844891 9074781 1672294 -329947 830116 796440 14116564 12523102 0 0 0 0 6744972 7162881 0 0 994704 7009481 7095340 13754453 14258221 362111 -1735119 56471335 55660129 12610368 12506415 43860967 43153714 X EUREKA COLLEGE, AFFILIATED WITH THE CHRISTIAN CHURCH (DISCIPLES OF CHRIST), EXISTS TO CULTIVATE EXCELLENCE IN LEARNING, SERVICE, AND LEADERSHIP THROUGH THE MUTUAL DEVELOPMENT OF INTELLECT AND CHARACTER TO ENABLE GRADUATES TO LEAD MEANINGFUL LIVES AND HAVE SUCCESSFUL CAREERS. 0 0 9231624 9774587 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 DEMANDS OF 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 2019-20, THE COLLEGE SAW NEW STUDENT ENROLLMENT OF 192, WITH A TOTAL ENROLLMENT OF 513 STUDENTS. THE COLLEGE ALSO REPORTS A 11:1 STUDENT-FACULTY RATIO, A 1.3:1 FACULTY-TO MAJOR RATIO, AND A 2.77 GPA ON A 4.0 SCALE FOR ALL STUDENTS. 9231624 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 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 72 0 359 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 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 209306 0 21939 MARYLEAN ABNEY TREASURER 1.00 X X 0 0 0 MICKEISHA ARMSTRONG BOARD MEMBER 1.00 X 0 0 0 WILLIAM BALL VICE CHAIRMAN 1.00 X X 0 0 0 KRISTEN BECK BOARD MEMBER 1.00 X 0 0 0 THOMAS CASSIDY BOARD MEMBER 1.00 X 0 0 0 TIM ERICKSON BOARD MEMBER 1.00 X 0 0 0 GREGORY S FOLLEY BOARD MEMBER 1.00 X 0 0 0 ALLEN FORE BOARD MEMBER 1.00 X 0 0 0 ANNE M FOX BOARD MEMBER 1.00 X 0 0 0 LILA B GAMMON BOARD MEMBER 1.00 X 0 0 0 RODNEY GOULD BOARD MEMBER 1.00 X 0 0 0 K EDWARD HOLDERLE BOARD MEMBER 1.00 X 0 0 0 WILLIAM K KING CHAIRMAN 1.00 X X 0 0 0 LORENZO J MODESTE BOARD MEMBER 1.00 X 0 0 0 MIKE NARDINI BOARD MEMBER 1.00 X 0 0 0 ANNA PALMER SECRETARY 1.00 X X 0 0 0 PAT PATWARDHAN BOARD MEMBER 1.00 X 0 0 0 JOHN PINI BOARD MEMBER 1.00 X 0 0 0 ERNEST G POTTER BOARD MEMBER 1.00 X 0 0 0 MIA STORTZUM-SCOTT BOARD MEMBER 1.00 X 0 0 0 CRAIG P SHIRLEY BOARD MEMBER 1.00 X 0 0 0 JOSEPH SLIMACK BOARD MEMBER 1.00 X 0 0 0 BEAU UNDERWOOD BOARD MEMBER 1.00 X 0 0 0 HARRY A WILLIAMS BOARD MEMBER 1.00 X 0 0 0 DAVID WINDLEY BOARD MEMBER 1.00 X 0 0 0 CRAIG MAYNARD VP FINANCE & FACILITIES/CFO 40.00 X 118700 0 20589 ANN FULOP PROVOST 40.00 X 134528 0 2525 MICHAEL K MURTAUGH VP-DEVELOPMENT 40.00 X 143007 0 2145 605541 0 47198 4 0 1 0 SODEXO FOOD SERVICES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 CONTRACTED FOOD SERVICES 1375360 APOGEE PO BOX 95541 GRAPEVINE TX 760999703 CONTRACTED IT SERVICES 401966 MBS DIRECT LLC PO BOX 617 COLUMBIA MO 65205 TEXTBOOK RETAILER 272761 VSI 8900 N PIONEER RD PEORIA IL 61615 CONTRACTED CUSTODIAL SERVICES 249438 CORE CONSTRUCTION SERVICES OF ILLINOIS 601 SW WATER ST PEORIA IL 61602 CONSTRUCTION 106080 11 2527143 11240 443445 10148 2981828 TUITION & FEES 611310 7484206 7484206 ROOM & OTHER SERVICES 611310 1237754 1237754 CAMPUS BOOKSTORE SALES 611310 288681 288681 OTHER PROGRAM SERVICE REVENUE 611310 64140 64140 9074781 564355 564355 78000 78000 37230 17174 20056 20056 20056 879212 1773514 -894302 -894302 -894302 12519 11240 13941 -1422 -1422 1515067 815261 699806 699806 12523102 9774587 0 -233313 339821 260465 79356 5726656 4368963 847105 510588 102131 78013 13771 10347 591591 497979 58430 35182 402682 301058 62001 39623 22949 22949 65235 65235 42028 601 41427 73373 21039 383 51951 306131 167520 92709 45902 85340 85340 447682 447682 243079 158969 31852 52258 472796 236398 236398 1896795 1414283 482512 177304 177304 CONTRACTUAL SERVICES 951013 166033 686494 98486 STUDENT PROGRAMS & ACTI 742537 742537 BAD DEBTS 581816 581816 0 MAINTENANCE, EQUIPMENT 369366 307554 61148 664 617896 322995 224554 70347 14258221 9231624 4031893 994704 656653 835626 1348492 1032380 758884 1145901 1164106 1296794 490000 390000 84372 95860 152704 198641 55581174 31109298 25691177 24471876 20159574 20260410 5110671 5053082 854702 879559 56471335 55660129 367037 600110 126000 108000 10457287 8703499 1500157 1660044 1594649 12610368 12506415 X 11356604 10291626 32504363 32862088 43860967 43153714 56471335 55660129 X -1735119 1115466 -87600 X X 0 1 X 1 1 1 X 3349987 2469665 2346716 1769263 2981828 12917459 3349987 2469665 2346716 1769263 2981828 12917459 1355615 11561844 1160090 841308 927447 782438 679585 4390868 314660 366235 680895 17989222 59411977 0.64270 0.73830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2015 AMOUNT: $ 314,660. 2016 AMOUNT: $ 366,235. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50566 X X 0 31380048 173891 691632 1074335 31171236 30776299 171105 1588977 1156333 31380048 27125418 692040 4318083 1359242 30776299 25334511 515279 2412559 1136931 27125418 24443268 1355449 537834 1002040 25334511 0.01000 0.85000 0.14000 0 0 614871 614871 38888602 19608884 19279718 10910556 9028479 1882077 5167145 2471935 2695210 24471876 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 5053082 F 5053082 STUDENT DEPOSITS & DEFERRED TUITION 976643 ANNUITIES PAYABLE 147245 FEDERAL STUDENT LOAN FUNDS 239473 OBLIGATIONS UNDER CAPITAL LEASE 201779 INTEREST PAYABLE 29509 1594649 X 14427355 1115466 -57589 1057877 13369478 -846376 -846376 12523102 15134608 876387 876387 14258221 0 14258221 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, 2020 AND 2019, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS -57,589. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -815,261. RENTAL EXPENSES -17,174. FUNDRAISING EXPENSES -13,941. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 815,261. ACTUARIAL ADJUSTMENT TO ANNUITIES PAYABLE 30,011. RENTAL EXPENSES 17,174. FUNDRAISING EXPENSES 13,941. 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 OUTING 23759 11240 12519 585 1953 10203 1200 23759 11240 12519 585 1953 10203 1200 13941 -1422 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JAMEL SANTA CRUZE WRIGHT PRESIDENT 173288 0 0 0 36018 0 3225 0 18714 0 231245 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 106080 CONSTRUCTION SERVICES WERE PROVIDED TO EUREKA COLLEGE BY CORE CONSTRUCTION SERVICES OF ILLINOIS, INC. AS DISCLOSED ON FORM 990, PAGE 8, SECTION B, PART VII, IN THE CAPACITY OF AN INDEPENDENT CONTRACTOR DURING THE JUNE 30, 2020 FISCAL YEAR. BOARD MEMBER TIM ERICKSON IS THE PRESIDENT OF CORE CONSTRUCTION SERVICES OF ILLINOIS, INC. 0 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: ACTUARIAL ADJUSTMENT TO ANNUITIES PAYABLE -30,011. CHANGE IN BENEFICIAL INTERESTS IN PERPETUAL TRUSTS -57,589. 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.