2019-04-15T14:29:02-05:00 2018-06-30 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2017-07-01 370661491 BLACKBURN UNIVERSITY BLAC 2178543231 700 COLLEGE AVENUE NO 1 CARLINVILLE IL 62626 STEVE MORRIS VP ADMIN & FINANCE 2178543231 2019-04-08 1 JILL M BOYLE CPA P01246734 2177933363 2019-04-08 72.42.242.150 2019-04-08 10:32:33 CD P 3BDE1D4A7C1B1BF47E8A16341DD55C5BD0377C1B 0EF2835806E00C9434E1F3928BBE550735D90FD7 2017 2019-02-21 02:37:17Z BLACKBURN COLLEGE STEVE MORRIS 700 COLLEGE AVENUE NO 1 CARLINVILLE IL 62626 18884137 0 X WWW.BLACKBURN.EDU X UNIVERSITY 1837 IL COMBINE LIBERAL ARTS EDUCATION & WORK PROGRAM TO PREPARE GRADUATES FOR CAREERS AND LIFELONG LEARNING. 30 30 668 33 0 -1687 3028301 3583473 14364594 14368890 -335658 430294 436339 375339 17493576 18757996 4797182 4322143 0 0 9340260 10270142 0 0 555953 5310353 5248801 19447795 19841086 -1954219 -1083090 60835288 60680234 7535039 7091136 53300249 53589098 BLACKBURN COLLEGE LINKS A RIGOROUS AND AFFORDABLE LIBERAL ARTS EDUCATION WITH A UNIQUE STUDENT-MANAGED WORK PROGRAM PREPARING GRADUATES FOR CAREERS, COMMUNITIES, AND LIFELONG LEARNING. 0 0 14997267 4322143 14742413 ACADEMIC PROGRAMS - 557 STUDENTS SERVED DURING THE FALL SEMESTER 2017; 504 STUDENTS SERVED DURING THE SPRING SEMESTER 2018. 14997267 1 1 0 0 0 0 0 0 0 1 1 1 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 0 1 0 0 0 0 0 0 0 0 1 49 0 668 1 1 1 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAWN SHRYOCK 2178542321 700 COLLEGE AVE CARLINVILLE IL 62626 JEROME ADAMS TRUSTEE 1.00 X 0 0 0 MICHAEL BOER TRUSTEE 1.00 X 0 0 0 ANDREW COLEMAN TRUSTEE 1.00 X 0 0 0 LOIS DEFLEUR TRUSTEE 1.00 X 0 0 0 KENNETH DEIHL TRUSTEE 1.00 X 0 0 0 DEANNA DEMUZIO TRUSTEE 1.00 X 0 0 0 THOMAS DEW TRUSTEE 1.00 X 0 0 0 JAMES FAUST TRUSTEE 1.00 X 0 0 0 FRAN GOODMAN TRUSTEE 1.00 X 0 0 0 JENNIFER HAMILTON TRUSTEE 1.00 X 0 0 0 MARK HINUEBER TRUSTEE 1.00 X 0 0 0 CYNTHIA LAMAR TRUSTEE 1.00 X 0 0 0 THOMAS LOCASCIO TRUSTEE 1.00 X 0 0 0 HAZEL LOUCKS CHAIR BOT 1.00 X X 0 0 0 CRESS MADDOX SECRETARY BOT 1.00 X X 0 0 0 GEORGE MALO TRUSTEE 1.00 X 0 0 0 DAVID OLSEN TRUSTEE 1.00 X 0 0 0 STANLEY PILLMAN TRUSTEE 1.00 X 0 0 0 GEORGE PRECKWINKLE TRUSTEE 1.00 X 0 0 0 JAMES SANDFORT TRUSTEE 1.00 X 0 0 0 JENNIFER SHELBY TRUSTEE 1.00 X 0 0 0 MICHAEL SMILEY VICE CHAIR BOT 1.00 X X 0 0 0 AUDRENA SPENCE TRUSTEE 1.00 X 0 0 0 MARY BETH STEPHENS TRUSTEE 1.00 X 0 0 0 PAUL TEPIKIAN TRUSTEE 1.00 X 0 0 0 MADONNA TIDEMAN TRUSTEE 1.00 X 0 0 0 DAVID DORRIS TRUSTEE 1.00 X 0 0 0 CINDY GRAU TRUSTEE 1.00 X 0 0 0 SARAH ROBISON TRUSTEE 1.00 X 0 0 0 DAN ANDERSON TRUSTEE 1.00 X 0 0 0 JOHN COMERFORD PRESIDENT 50.00 X 195690 0 26917 JOHN MCCLUSKY PROVOST 50.00 X 138439 0 9234 STEVE MORRIS VP ADMIN & FINANCE 50.00 X 135675 0 22035 469804 0 58186 3 0 1 0 SODEXO INC & AFFILIATES 4880 PAYSPERE CIRCLE CHICAGO IL 60674 FOOD SERVICES 927651 NEWMAN-ALTON INC 719 ESTILL DRIVE SPRINGFIELD IL 62791 GENERAL CONTRACTOR 434400 QUARTON CONSTRUCTION 227 RICE STREET CARLINVILLE IL 62626 GENERAL CONTRACTOR 123872 3 1093038 2490435 97783 3583473 TUITION & FEES 611600 11546088 11546088 AUXILLARY ENTERPRISES 611600 2822802 2822802 14368890 428645 428645 1816 1816 256466 26380 230086 230086 230086 10772 9123 1649 1649 1649 138295 90638 47657 47657 OTHER INCOME 611600 95780 95780 95780 18757996 14742413 0 432110 4322143 4322143 548766 415236 104529 29001 8386122 6197652 1858142 330328 893983 661381 210992 21610 441271 332443 84217 24611 65195 65195 537809 237873 282210 17726 48881 33053 15828 547567 205348 340401 1818 274329 219985 22667 31677 172529 172529 1157777 801917 355860 157182 31670 125512 FOOD & HEALTH SERVICES 812846 791669 10434 10743 EQUIPMENT & SUPPLIES 335299 220689 114610 0 REPAIRS & MAINTENANCE 229811 100355 129227 229 TUITION WAIVER 95237 0 95237 0 814339 425853 300276 88210 19841086 14997267 4287866 555953 168604 266548 7464 16532 564429 266027 1671239 392581 66956 51002 66828 87043 42955989 15749887 27287528 27206102 392652 384457 29756249 31135167 853339 874775 60835288 60680234 789694 964354 12412 11003 4784361 4578720 1383453 1020000 565119 517059 7535039 7091136 X 33370641 32715946 4287226 5216895 15642382 15656257 53300249 53589098 60835288 60680234 X -1083090 1365985 5954 X 0 1 X 1 1 1 X 22074568 648814 1647736 921000 80860 23369258 19405253 1302257 2345588 743842 234688 22074568 15357641 5544540 183368 353469 1927572 18804508 15640918 774518 732217 0 1790012 15357641 13550924 520265 2152455 0 582726 15640918 0.17200 0.67000 0.15810 0 0 14900 14900 37844377 12828536 25015841 4494071 2921351 1572720 602641 602641 27206102 REAL ESTATES HELD FOR INVESTMENT - FARM LAND 8224273 F COMMONFUND: MULTI STRATEGY EQUITY FUND 14728891 F COMMONFUND: MULTI STRATEGY BOND FUND 7918591 F CAPITAL PARTNERS VI, LP 133993 F CAPITAL PARTNERS VII, LP 60000 F MERRIL LYNCH ST INVESTMENT 19358 F LIFE INSURANCE 47910 F OTHER INVESTMENTS 2151 F 31135167 SPLIT INTEREST AGREEMENTS 246353 PERKINS LOAN PROGRAM 65433 CAPITAL LEASES PAYABLE 88548 DEPOSITS HELD IN CUSTODY FOR OTHERS 116725 517059 X 15833235 1365985 96592 1462577 14370658 65195 4322143 4387338 18757996 15544386 90638 90638 15453748 65195 4322143 4387338 19841086 PART V, LINE 4: TO PROVIDE FOR SCHOLARSHIP FUNDS AND AWARDS FOR BLACKBURN STUDENTS AND FOR ONGOING MAINTENANCE AND UPKEEP OF THE BLACKBURN CAMPUS. PART X, LINE 2: THE COLLEGE IS A NOT-FOR-PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC AND SIMILAR PROVISIONS OF THE STATE TAX CODE. THE COLLEGE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 90,638. CHANGES IN SPLIT-INTEREST AGREEMENT -15,483. CHANGES IN VALUE OF INTEREST IN PERPETUAL TRUST 21,437. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 4,322,143. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 90,638. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 4,322,143. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BLACKBURN'S NONDISCRIMINATORY POLICY IS PUBLISHED ON THE SCHOOL'S WEBSITE, IN THE SCHOOL'S COURSE CATALOG, AND IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 FINANCIAL AID OR ASSISTANCE FROM GOVERNMENTAL AGENCIES: FEDERAL WORK COLLEGE $916,958 FEDERAL SEOG $42,384 OTHER GRANTS $17,296 1 SCHOLARSHIPS 536 4322143 PART I, LINE 2: INSTITUTIONAL GRANTS ARE OFFERED TO ATTRACT AND RETAIN STUDENTS. DISBURSEMENTS ARE MADE IN ACCORDANCE WITH PROCEDURES OR ARE SUBJECT TO CONDITIONS ESTABLISHED BY THE COLLEGE'S GOVERNING BOARD DESIGNED TO ENSURE THAT INDIVIDUALS AND ORGANIZATIONS RECEIVING DISBURSEMENTS FROM THE COLLEGE, IN FURTHERANCE OF ITS EXEMPT PROGRAMS, ARE ADEQUATELY INVESTIGATED TO ENSURE THAT THEY ARE QUALIFYING RECIPIENTS. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE COLLEGE'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X X X X X 1 1 X X 0 0 0 0 0 0 0 0 0 JOHN COMERFORD PRESIDENT 195690 0 0 0 0 0 14214 0 12703 0 222607 0 0 0 STEVE MORRIS VP ADMIN & FINANCE 135675 0 0 0 0 0 9332 0 12703 0 157710 0 0 0 PART I, LINE 1A THE PRESIDENT'S CONTRACT DETAILS THE VARIOUS PERSONAL SERVICES TO BE PAID ON HIS BEHALF. A CENTRAL ILLINOIS ECONOMIC DEVELOPMENT AUTHORITY 273234464 2015-05-29 5000000 0 0 0 A 2016 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 SCHEDULE K, PART I, LINE A, COLUMNS (E) AND (F) ON JULY 1, 1999, THE COLLEGE ENTERED INTO AN AGREEMENT TO BORROW $5,000,000 OF THE PROCEEDS OF BONDS ISSUED BY THE ILLINOIS EDUCATIONAL FACILITIES AUTHORITY THROUGH PNC BANK. ON MAY 29, 2015, THE COLLEGE REFINANCED THE BOND ISSUANCE WITH THE BLACKBURN UNIVERSITY PROJECT REVENUE BOND, SERIES 2015 WITH UNITED COMMUNITY BANK. THE BONDS BEAR INTEREST AT A RATE OF INTEREST PER ANNUM INITIALLY EQUAL TO 2.96% FOR TEN YEARS, AND THEREAFTER, SUBJECT TO ADJUSTMENTS TO A RATE OF INTEREST PER ANNUM EQUAL TO THE FIVE-YEAR RATE PLUS 1.75% ON EACH ADJUSTMENT DATE. THE BONDS MATURE ON JULY 1, 2029, WITH AN OPTIONAL "TAKE OUT" LOAN TO EXTEND THE MATURITY DATE TO JUNE 1, 2035. THE BONDS ARE COLLATERALIZED BY A MORTGAGE DATED MAY 1, 2015, ASSIGNMENT OF RENTS AND PROFITS, AND A SECURITY AGREEMENT. DURING 2016, THE COLLEGE TOOK AN ADDITIONAL DRAW OF $1,123,580, THE PROCEEDS OF WHICH WERE REQUIRED TO BE SPENT ON CAPITAL PROJECTS. X 14 97783 FMV 0 1 1 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES RECEIVES A COPY OF THE FORM 990 PRIOR TO SUBMISSION FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY SET IN PLACE AND TRUSTEE AND KEY EMPLOYEES MUST FILL OUT A DISCLOSURE FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT SALARY WAS APPROVED BY THE BOARD OF TRUSTEES INITIALLY AND ADJUSTMENTS TO SALARY ARE APPROVED BY THE BOARD ANNUALLY. 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 XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENT -15,483. CHANGE IN VALUE OF INTEREST IN PERPETUAL TRUST 21,437.