2020-06-15T13:06:57-05:00 2019-06-30 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2018-07-01 370661228 MONMOUTH COLLEGE MONM 3094572125 700 EAST BROADWAY MONMOUTH IL 61462 MELONY SACOPULOS VP FINANCE 3094572125 2020-06-04 1 JILL M BOYLE CPA P01246734 2177933363 2020-06-04 104.231.245.211 2020-06-04 10:37:03 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D845358BABF1F13643AFD2AEE4BA53C7EABFA55A 2018 2020-09-23 17:36:50Z MELONY SACOPULOS 700 EAST BROADWAY MONMOUTH IL 61462 67100787 0 X WWW.MONMOUTHCOLLEGE.EDU X 1853 IL TO CREATE AND SUSTAIN AN ENVIRONMENT THAT IS COMMITTED TO LIBERAL ARTS EDUCATION. 41 40 1084 97 0 -7834 9825592 8352929 44321581 40914961 11499646 4075068 491220 408134 66138039 53751092 23432492 21687197 0 0 20164490 20311649 0 0 1039315 18399519 19178055 61996501 61176901 4141538 -7425809 234415000 231669672 41945219 45375326 192469781 186294346 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 46890066 21687197 32996899 HIGHER EDUCATION: INSTRUCTIONAL PROGRAMS-HUMANITIES, SCIENCES, SOCIAL SCIENCES AND OTHER LIBERAL ARTS PROGRAMS, BUSINESS AND EDUCATION. SERVE APPROXIMATELY 1,200 STUDENTS. PROGRAMS INCLUDE ACADEMIC DEPARTMENTS AS WELL AS ACADEMIC SUPPORT AREAS SUCH AS LIBRARY, ACADEMIC COMPUTING, FACULTY DEVELOPMENT, ETC. THIS REPRESENTS TUITION AND FEES. 6888826 7981500 AUXILIARY SERVICES: STUDENT HOUSING AND DINING PROGRAMS, SECURITY AND PARKING. 53778892 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 1366 0 1084 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 41 40 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 MARK KOPINSKI 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 MARY CORRIGAN TRUSTEE, ALUMNI BOARD PRESIDENT 1.00 X 0 0 0 DANIEL COTTER TRUSTEE 1.00 X 0 0 0 ROBERT DAHL TRUSTEE 1.00 X 0 0 0 CRAIG DAHLQUIST TRUSTEE, ALUMNI BOARD REP 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 LARRY GERDES 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 JOHN KEMP TRUSTEE 1.00 X 0 0 0 REV ROBERT C MCCONNELL TRUSTEE 1.00 X 0 0 0 MICHAEL B MCCULLEY ESQ TRUSTEE 1.00 X 0 0 0 GARY MELVIN TRUSTEE 1.00 X 0 0 0 BRAD NAHRSTADT 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 J STANLEY PEPPER TRUSTEE 1.00 X 0 0 0 ANTHONY J PERZIGIAN TRUSTEE 1.00 X 0 0 0 DENNIS M PLUMMER TRUSTEE 1.00 X 0 0 0 ANITA RIDGE 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 J ALEX MCGEHEE TRUSTEE 1.00 X 0 0 0 DR CARLOS F SMITH TRUSTEE 1.00 X 0 0 0 SHERMAN 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 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 JEAN PETERS WITTY TRUSTEE 1.00 X 0 0 0 RICHARD E YAHNKE TRUSTEE 1.00 X 0 0 0 JACKIE BELL ZACHMEYER TRUSTEE 1.00 X 0 0 0 DWIGHT TIERNEY TRUSTEE 1.00 X 0 0 0 JERRI PICHA TRUSTEE, ALUMNI BOARD REP 1.00 X 0 0 0 WILLIAM GOLDSBOROUGH TRUSTEE 1.00 X 0 0 0 CLARENCE R WYATT PRESIDENT 50.00 X 286016 0 26785 RICHARD A MARSHALL TREASURER 50.00 X 240815 0 20581 JESSICA R JOHNSTON ASSISTANT TREASURER 40.00 X 88941 0 13174 RONDA K WILLHARDT SECRETARY 40.00 X 57359 0 10888 LORI A FERGUSON ASSISTANT SECRETARY 40.00 X 34104 0 2506 TRENT GILBERT END 51619 VP, ENROLLMENT MANAGEMENT 50.00 X 165653 0 23837 LAURA HUTCHINSON VP FOR STUDENT AFFAIRS 50.00 X 169105 0 19856 JOHN OSTERLUND VP, DEVELOPMENT 50.00 X 185117 0 13643 DAVID TIMMERMAN END 72318 VP ACADEMIC AFFAIRS, DEAN OF FACULTY 50.00 X 104078 0 11454 DARYL CARR CHIEF INFORMATION OFFICER 50.00 X 107934 0 14518 MARK WILLHARDT VP ACADEMIC AFFAIRS, DEAN OF FACULTY 50.00 X 103638 0 14808 CHRISTINE JOHNSTON INSTITUTIONAL RESEARCH 50.00 X 103039 0 14202 DUANE BONIFER COMMUNICATIONS AND MARKETING 50.00 X 104408 0 14406 1750207 0 200658 11 0 1 0 PEPPER CONSTRUCTION GROUP 643 N ORLEANS ST CHICAGO IL 606543608 BUILDING 3804103 ARAMARK CAMPUS DINING SERVICE 700 E BROADWAY MONMOUTH IL 61462 DINING SERVICES 3491030 ELLUCIAN CO LP 4375 FAIR LAKES COURT FAIRFAX VA 22033 ADMINISTRATIVE SOFTWARE 289784 KOOKOOLAMONGA LLC 144 W 2ND ST WASHINGTON NC 27889 MARKETING 237708 KELLOGG PRINTING 95 PUBLIC SQ MONMOUTH IL 614620437 PRINT SERVICES 232906 10 164510 8188419 3271211 8352929 TUITION & FEES 611310 32933461 32933461 ROOM & BOARD 611310 7981500 7981500 40914961 2402918 2402918 344696 0 344696 344696 344696 15015137 6708 13349695 0 1665442 6708 1672150 1672150 63438 63438 63438 53751092 40978399 0 4419764 21687197 21687197 1299731 454906 584879 259946 14996691 12870213 1786488 339990 841341 655029 149012 37300 2233435 1702140 507034 24261 940451 754001 150360 36090 117844 79546 38298 382931 382931 1522698 1028607 436882 57209 18914 4647 14267 1528097 1283514 201931 42652 1795929 1597485 182189 16255 1364491 1109508 166338 88645 1064296 1064296 4922236 4822507 60442 39287 449136 439589 6247 3300 DINING SERVICES 3109654 3028205 76920 4529 REPAIRS & MAINTENANCE 1307911 1138029 127827 42055 MEMBERSHIPS & EVENTS 630264 352653 234886 42725 OFF CAMPUS PROGRAMS 288433 288433 675221 482683 187467 5071 61176901 53778892 6358694 1039315 3064921 2929196 1477431 1901797 134429 441528 2314246 2047638 87739 75205 684507 531821 196303137 85573679 111802264 110729458 110770772 108841970 200000 269275 3878691 3901784 234415000 231669672 5812682 5200053 2587755 2612600 1157234 1066781 22854253 25438830 9533295 11057062 41945219 45375326 X 74124371 65231239 63563465 0 54781945 121063107 192469781 186294346 234415000 231669672 X -7425809 1046965 203409 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 118155199 4703020 5119358 2114236 3244096 122619245 109758138 4150195 8797982 1846060 2705056 118155199 94774985 6933426 12652457 1772815 2829915 109758138 100363825 1079852 -2033213 1683562 2951917 94774985 99214229 4224650 936672 1436610 2575116 100363825 0.08870 0.43770 0.47360 1 0 11081565 5406942 16488507 147104012 59894280 87209732 22459551 18585884 3873667 10251067 7093515 3157552 110729458 LINE OF CREDIT 8000000 ANNUITIES PAYABLE 3057062 11057062 X 32931338 1046965 203409 1250374 31680964 382931 21687197 22070128 53751092 39106773 0 39106773 382931 21687197 22070128 61176901 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 -272,823. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 476,232. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & SCHOLARSHIPS 21,687,197. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & SCHOLARSHIPS 21,687,197. 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 932 21687197 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 286016 0 0 0 0 0 19250 0 7535 0 312801 0 0 0 RICHARD A MARSHALL TREASURER 165815 0 75000 0 0 0 12019 0 8562 0 261396 0 0 0 TRENT GILBERT END 51619 VP, ENROLLMENT MANAGEMENT 165653 0 0 0 0 0 11832 0 12005 0 189490 0 0 0 LAURA HUTCHINSON VP FOR STUDENT AFFAIRS 169105 0 0 0 0 0 12291 0 7565 0 188961 0 0 0 JOHN OSTERLUND VP, DEVELOPMENT 185117 0 0 0 0 0 12993 0 650 0 198760 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 3804103 PAID TO HIS CONSTRUCTION COMPANY FOR RENOVATIONS TO GRIER HALL 1 X 22 3271211 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 -272,823. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 476,232.