2020-04-15T11:49:55-05:00 2019-05-31 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2018-06-01 362515868 Judson University A Baptist Institution JUDS 8476282500 1151 N State Street Elgin IL 60123 Sarah Taylor VP of Business Affairs 8476282500 2020-04-15 Ted R Batson Jr P00721951 6306829797 139.146.132.42 2020-04-15 12:49:47 ED P B192CC0D102847318814F28D1D78F3A4F74CC717 EEEC1770470EBEEDEC9A52D4293FC3DE0E4CD0A0 2018 2020-11-19 02:30:22Z Dr Gene C Crume 1151 N State Street Elgin IL 60123 34180292 0 X www.judsonu.edu X 1963 IL Four year private, Christian liberal arts university 19 18 746 300 0 0 2119548 1597305 30477207 29977955 166242 132058 19288 0 32782285 31707318 11899166 11175611 0 0 12878559 11592439 0 0 341183 10824132 11080521 35601857 33848571 -2819572 -2141253 51253674 48722868 16903222 16393390 34350452 32329478 X Judson is an evangelical Christian university that represents the Church at work in higher education, equipping students to be fully developed, responsible persons who glorify God by the quality of their relationships, work, and citizenship in the community, nation, and the world. Through a broadly based education in the liberal arts, sciences, and professions, the university enables its students to acquire ideas and concepts that sharpen their insights, develop skills appropriate to their career goals, and develop the skills and commitment for lifelong learning. The Judson community experience challenges graduates to be decisive leaders and active participants in church and society, articulate proponents of Biblical Christianity, persuasive advocates for the sovereignty of God over all life, and effective ambassadors for Christ. 0 0 21535836 7510011 21741971 Liberal Arts Instruction - Provided instruction and related services to 756 traditional students, 165 students in the master's programs and 37 in doctoral programs. Counting all types of instruction, Judson graduated 229 students with associate and baccalaureate degrees, 102 students with master's degrees, 9 students with doctoral degrees and 8 RISE certificates. 3516475 1899854 3523312 Adult Continuing Education - Provided instruction and related services to 400 students. 4251645 1765746 4712672 Housing and food service - Provided housing and related services to approximately 67% of the above traditional students. 29303956 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1731 0 1 746 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Sarah Taylor 8476282500 1151 N State Street Elgin IL 60123 Rev Dr Randy Gauger Chair of the Board 1.00 X X 0 0 0 Dr Rob McCleland Vice Chairman 1.00 X X 0 0 0 Rev Greg Huguley Treasurer 1.00 X X 0 0 0 Mrs Cynthia Hoag Secretary 1.00 X X 0 0 0 Mr Harold Booze Trustee 1.00 X 0 0 0 Mrs Linda Colson Trustee 1.00 X 0 0 0 Mr Dana Davidson Trustee 1.00 X 0 0 0 Mr Dennis Demoss Trustee 1.00 X 0 0 0 Dr Larry Drake Trustee 1.00 X 0 0 0 Mr Shawn Flynn Trustee 1.00 X 0 0 0 Mr Ben Glunz Trustee 1.00 X 0 0 0 Mrs Laura Gutting Trustee 1.00 X 0 0 0 Dr Darryl Jenkins Trustee 1.00 X 0 0 0 Mr Brett Lundstrom Trustee 1.00 X 0 0 0 Dr Adam Mackintosh Trustee 1.00 X 0 0 0 Mr John M Shales Trustee 1.00 X 0 0 0 Dr Brett Smith Trustee 1.00 X 0 0 0 Mr Kevin Smith Trustee 1.00 X 0 0 0 Mrs Fran Street Trustee 1.00 X 0 0 0 Dr Gillian Stewart - Wells Provost 40.00 X 97241 0 0 Dr Will A Friesen Provost (part year) 40.00 X 261639 0 33316 Dr Gene Crume President 40.00 X 198125 0 30239 Mr Jeffrey Eder VP of Business Affairs & CFO 40.00 X 137596 0 61774 Dr Steve Layne Dir. Master of Educ. in Literacy 40.00 X 106321 0 37622 800922 0 162951 4 0 1 0 Fresh Ideas Food Service 1000 W Nifong Bvld Columbia MO 65203 Food Service 1593991 National Management Resources PO Box 1224 LaGrange GA 30241 Plant Maintenance 1043178 TIAA-CREF 8907 Timbers Pointe Dr Tinley Park IL 60477 Retirement Trustee 349801 Gentry Partnership PO Box 1887 Crystal Lake IL 60039 Purchasing Agent 234666 Jenzabar Inc PO Box 55018 Boston MA 022055018 IT software provider 173942 14 84934 1512371 43893 1597305 Liberal Arts Instr. 900099 21301719 21301719 Housing/Food Services 900099 4712672 4712672 Adult Continuing Edu. 900099 3523312 3523312 440252 440252 29977955 181108 181108 2423924 2423924 49050 0 -49050 -49050 -49050 31707318 29977955 0 132058 28760 28760 11146851 11146851 840328 637777 186812 15739 17078 17078 9193352 7474680 1718672 862549 714885 147664 679132 548197 129874 1061 59427 4742 54685 79771 79771 70309 70309 1227575 1192016 35559 691534 281253 85898 324383 213184 100670 112514 383323 44929 338394 2302302 1530548 771754 356963 319782 37181 502491 490227 12264 1842969 1797987 44982 406680 93176 313504 Food service 1400314 1378542 21772 R&M equipment 353341 328596 24745 Recruitment 60188 60188 Textbook 51497 51497 1078653 1078653 33848571 29303956 4203432 341183 X 15019 720772 767834 721870 349021 99247 668084 925478 6440 6440 68749 43193 71579884 33485283 39563863 38094601 8324382 6795021 223681 223681 1266601 1092565 51253674 48722868 2853936 2337945 1254814 1263493 5936955 5625726 5472154 5778038 1385363 1388188 16903222 16393390 X 20418788 19133090 6562338 5711007 7369326 7485381 34350452 32329478 51253674 48722868 -2141253 -11721 132000 0 X X 0 1 X 1 1 1 X 2516528 2222057 2188849 2119548 1597305 10644287 2516528 2222057 2188849 2119548 1597305 10644287 1520332 9123955 337952 297481 182572 176312 181108 1175425 89014 105835 11440 206289 12026001 151286554 0.75870 0.76740 X Schedule A, Part II, Line 10, Explanation of Other Income: Special Events - 2014 Amount: $ 89,014. 2015 Amount: $ 105,835. 2016 Amount: $ 11,440. 2017 Amount: $ 0. 2018 Amount: $ 0. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 156376 X X X 0 0 0 11652279 116055 99078 924505 10942907 11681954 133133 668263 831071 11652279 11248050 300268 1085102 951466 11681954 15702654 101179 -281148 904548 3370087 11248050 15197820 237405 774709 507280 15702654 0.02800 0.97200 0 0 1016490 1016490 61348199 25985540 35362659 7211226 5566611 1644615 2003969 1933132 70837 38094601 Refundable loan program 1179256 Refundable deposits 80546 Annuities payable 128386 1388188 Part III, Line 4: Judson University houses collections of art from many sources such as donors, members of staff and faculty, and original work by family members of past officers. Some artwork provides a historical reference to our founders and enhances our unique campus culture. The artwork on display provides examples of different media and applications of art that serve to further the educational experience of our students and helps to initiate an understanding of the relationship of art and design to man's creative faith-life as a creature "bearing God's image and as a community member. Part V, Line 4: The University's endowment consists of approximately 186 individual funds established primarily for scholarship purposes. Part V, lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2019. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 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 organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). Schedule E, Part I, Line 6 The University received the following types of government financial assistance: Pell Grant, S E O G, Federal Work Study, Ford Loan Program and MAP Grants. Central America and the Caribbean 0 0 Program Services Mission trips 98363 South America 0 0 Program Services Mission trips 28751 0 0 0 0 0 0 127114 0 127114 0 0 0 0 0 0 Part I, line 3: Expenditures are accounted for using the accrual method of accounting. 1 Del Camino Connection PO Box 450 Wheaton IL 60187 571205133 501(c)(3) 14220 General support Iteams 411 W River Road Elgin IL 60123 366069820 501(c)(3) 9450 General support 2 0 Scholarships 1430 11146851 Part I, Line 2: Grants and aid are tracked in the accounting system in a temporarily restricted fund or reimbursed according to a qualified reimbursement policy. An audit of funds granted is conducted when deemed necessary. Grants and aid are applied directly to student accounts. Funds are given and monitored by the mission trip teams that are sent to work with Del Camino and Iteams each year. The funds are specifically used for the work done during the mission trips. The University's Admissions team monitors the use of funds. X 1 1 X X X X 1 1 0 0 0 0 0 0 0 Dr Will A Friesen Provost (part year) 113706 0 0 0 147933 0 0 0 33783 0 295422 0 0 0 Dr Gene Crume President 198125 0 0 0 0 0 0 0 30706 0 228831 0 0 0 Mr Jeffrey Eder VP of Business Affairs & CFO 137596 0 0 0 0 0 0 0 62241 0 199837 0 0 0 Part I, Line 1a The University's Provost and VP of Business Affairs & CFO were provided with housing. This benefit qualified as non-taxable housing provided for the convenience of the employer under IRC Section 119. Part I, Lines 4a-b Part I, Line 4a - Dr. Will Friesen, Provost, received a separation of services payment in the amount of $31,439. Part I, Line 4b - Dr. Will Friesen, Provost, received a payment of $116,035 from a non-qualified retirement plan. A City of Elgin Kane and Cook Counties IL 366005862 2014-05-08 7295000 Refund 2006 bond/change trustees 0 0 0 A 1575000 7295000 7295000 2007 1 0 1 1 A 0 0 1 1 0 0.00100 0.00100 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 Rebecca Huguley Family member of Board Treasurer 17078 Wages 0 X 5 43893 Cost 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The Executive Committee is composed of the Chair, Vice Chair, Secretary, Treasurer, the Chairs of the standing committees, and two at-large trustees. The Executive Committee has full authority of the board except that the Committee may not hire or remove the President nor make changes to Bylaws or the Board Policy Manual. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and submitted for detail review to the VP of Business Affairs and the Business Affairs Committee prior to filing. It was also provided to the entire board of trustees prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees of Judson University are required to complete a conflict of interest/related party questionnaire each year. The VP of Business Affairs reviews the signed statements and the President reviews the VP of Business Affairs' statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The Board reviews the compensation for the President and other officers on an annual basis. Comparable data is used and the process is documented in the board minutes. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 5/31/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Net assets without donor restrictions Line 27 - Unrestricted net assets $19,133,090 Net assets with donor restrictions Line 28 - Temporarily restricted net assets $ 5,711,007 Line 29 - Permanently restricted net assets $ 7,485,381 Subtotal $13,196,388 Total net assets $32,329,478 Form 990, Part XII Line 2c The organization's Business Affairs Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.