2019-05-15T15:28:17-05:00 2018-06-30 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2017-07-01 370661228 MONMOUTH COLLEGE MONM 3094572125 700 EAST BROADWAY MONMOUTH IL 61462 RICHARD A MARSHALL ASSISTANT TREASURER 3094572125 2019-05-14 1 JILL M BOYLE CPA P01246734 2177933363 2019-05-14 209.170.231.5 2019-05-14 15:15:46 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D845358BABF1F13643AFD2AEE4BA53C7EABFA55A 2017 2019-02-21 02:37:17Z RICHARD A MARSHALL 700 EAST BROADWAY MONMOUTH IL 61462 71590110 0 X WWW.MONMOUTHCOLLEGE.EDU X 1853 IL TO CREATE AND SUSTAIN AN ENVIRONMENT THAT IS COMMITTED TO LIBERAL ARTS EDUCATION. 40 39 1155 75 0 -3041 10499349 9825592 47896569 44321581 3120285 11499646 519773 491220 62035976 66138039 24356185 23432492 0 0 20179777 20164490 0 0 1045666 18385581 18399519 62921543 61996501 -885567 4141538 229008216 234415000 37825982 41945219 191182234 192469781 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 47818747 23432492 35537846 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. 6841417 8783735 AUXILIARY SERVICES: STUDENT HOUSING AND DINING PROGRAMS, SECURITY AND PARKING. 54660164 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 1407 0 1155 1 1 1 0 0 0 0 0 0 0 0 0 X 40 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RICHARD MARSHALL 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 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 281322 0 26516 RICHARD A MARSHALL TREASURER 50.00 X 163543 0 20659 JESSICA R JOHNSTON ASSISTANT TREASURER 40.00 X 75169 0 11036 RONDA K WILLHARDT SECRETARY 40.00 X 53121 0 10675 LORI A FERGUSON ASSISTANT SECRETARY 40.00 X 33539 0 2466 DAVID TIMMERMAN VP ACADEMIC AFFAIRS, DEAN OF FACULTY 50.00 X 250929 0 20153 TRENT GILBERT VP, ENROLLMENT MANAGEMENT 50.00 X 152586 0 23498 STEVE BLOOMER VP FOR DEVELOPMENT THRU 6/30/17 50.00 X 159473 0 5623 DARYL CARR CHIEF INFORMATION OFFICER 50.00 X 104066 0 14485 CHRISTINE JOHNSTON INSTITUTIONAL RESEARCH 50.00 X 101332 0 14175 1375080 0 149286 7 0 1 0 ARAMARK CAMPUS DINING SERVICE 700 E BROADWAY MONMOUTH IL 61462 DINING SERVICES 2741176 PEPPER CONSTRUCTION GROUP 643 N ORLEANS ST CHICAGO IL 606543608 BUILDING 2460776 KIEFER USA 2910 FALLING WATERS BLVD LINDENHURST IL 60046 ATHLETIC FLOORING 293961 KELLOGG PRINTING 95 PUBLIC SQ MONMOUTH IL 614620437 PRINT SERVICES 231160 NRCCUA PO BOX 414378 KANSAS CITY MO 64141 COLLEGE RECRUITING FIRM 163627 16 129739 9695853 3785235 9825592 TUITION & FEES 611310 35537846 35537846 ROOM & BOARD 611310 8783735 8783735 44321581 2331337 2331337 318496 0 318496 318496 318496 14120380 500000 4763736 688335 9356644 -188335 9168309 9168309 172724 172724 172724 66138039 44494305 0 11818142 23432492 23432492 1290308 451608 580639 258061 14299726 12177300 1807599 314827 892352 720118 140456 31778 2637374 2014787 562567 60020 1044730 856348 149243 39139 61469 16557 44912 441617 441617 86245 86245 40856 23097 17759 33598 26600 4696 2302 399957 373088 15192 11677 1294729 1113841 107794 73094 1333305 1097542 153617 82146 793229 793229 4921054 4832475 49211 39368 451966 444361 4293 3312 DINING SERVICES 2859550 2859550 REPAIRS & MAINTENANCE 778025 714251 63774 PRINTING 493687 339608 140851 13228 OFF CAMPUS PROGRAMS 214813 214813 4195419 2951728 1126977 116714 61996501 54660164 6290671 1045666 4160029 3064921 1056130 1477431 2479540 134429 2394545 2314246 100274 87739 653885 684507 192489448 80687184 112106136 111802264 102008228 110770772 200000 200000 3849449 3878691 229008216 234415000 4215706 5812682 2612624 2587755 674733 1157234 21410929 22854253 8911990 9533295 37825982 41945219 X 79083674 74124371 60701697 63563465 51396863 54781945 191182234 192469781 229008216 234415000 X 4141538 -2540958 -313033 X 0 1 X 1 1 1 X X X X 0 109758138 4150195 8797982 1846060 2705056 118155199 94774985 6933426 12652457 1772815 2829915 109758138 100363825 1079852 -2033213 1683562 2951917 94774985 99214229 4224650 936672 1436610 2575116 100363825 87233884 1001555 14498368 1333811 2185767 99214229 0.08000 0.46000 0.46000 1 0 11193500 5406942 16600442 140728827 56191512 84537315 22009551 17792164 4217387 13150628 6703508 6447120 111802264 LINE OF CREDIT 6000000 ANNUITIES PAYABLE 3533295 9533295 X 40273381 -2540958 -313033 -2853991 43127372 23010667 23010667 66138039 38985834 0 38985834 23010667 23010667 61996501 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 -309,829. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -3,204. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & SCHOLARSHIPS 23,010,667. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID & SCHOLARSHIPS 23,010,667. 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 1020 22853709 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 1 1 X X X X 1 0 0 0 0 0 0 0 0 CLARENCE R WYATT PRESIDENT 281322 0 0 0 0 0 18900 0 7616 0 307838 0 0 0 RICHARD A MARSHALL TREASURER 163543 0 0 0 0 0 11860 0 8799 0 184202 0 0 0 DAVID TIMMERMAN VP ACADEMIC AFFAIRS, DEAN OF FACULTY 150929 0 0 0 100000 0 11378 0 8775 0 271082 0 0 0 TRENT GILBERT VP, ENROLLMENT MANAGEMENT 152586 0 0 0 0 0 11275 0 12223 0 176084 0 0 0 STEVE BLOOMER VP FOR DEVELOPMENT THRU 6/30/17 159473 0 0 0 0 0 5355 0 268 0 165096 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. MONMOUTH COUNTRY CLUB DUES ARE PAID BY THE COLLEGE FOR OUR VP OF DEVELOPMENT AND COLLEGE RELATIONS. PART I, LINE 4A KEY EMPLOYEE - $76,500 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 0 STAN PEPPER COLLEGE TRUSTEE 2460776 PAID TO HIS CONSTRUCTION COMPANY FOR RENOVATIONS TO GRIER HALL 0 X 17 3785235 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 -309,829. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -3,204.