2018-05-11T13:15:10-05:00 2017-06-30 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2016-07-01 370661228 MONMOUTH COLLEGE MONM 3094572125 700 EAST BROADWAY MONMOUTH IL 61462 RICHARD A MARSHALL ASSISTANT TREASURER 3094572125 2018-05-10 1 JILL M BOYLE CPA P01246734 2177933363 2018-05-09 2016 2022-09-23 18:48:47Z RICHARD A MARSHALL 700 EAST BROADWAY MONMOUTH IL 61462 68199130 0 X WWW.MONMOUTHCOLLEGE.EDU X 1853 IL TO CREATE AND SUSTAIN AN ENVIRONMENT THAT IS COMMITTED TO LIBERAL ARTS EDUCATION. 45 41 1155 75 0 0 3934442 10499349 49146278 47896569 2614899 3120285 848374 519773 56543993 62035976 24701706 24356185 0 0 20051871 20179777 0 0 976677 17899388 18385581 62652965 62921543 -6108972 -885567 219661954 229008216 37591474 37825982 182070480 191182234 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 48931039 24356185 38460632 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. 7110422 9435937 AUXILIARY SERVICES: STUDENT HOUSING AND DINING PROGRAMS, SECURITY AND PARKING. 56041461 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 1406 0 1155 1 0 0 0 0 0 0 0 0 0 0 X 45 41 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 CLARENCE R WYATT PRESIDENT 50.00 X X 279752 0 25509 MARK KOPINSKI TRUSTEE, VICE CHAIR 1.00 X X 0 0 0 GERALD MARXMAN TREASURER 1.00 X X 0 0 0 RICHARD A MARSHALL ASSISTANT TREASURER 50.00 X X 162421 0 21033 RONDA K WILLHARDT SECRETARY 40.00 X X 51376 0 10672 LORI A FERGUSON ASSISTANT SECRETARY 40.00 X X 33345 0 2334 WILLIAM GOLDSBOROUGH TRUSTEE, CHAIR 1.00 X X 0 0 0 DOUGLAS R CARLSON TRUSTEE 1.00 X 0 0 0 MARY CORRIGAN TRUSTEE 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 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 RALPH VELAZQUEZ JR 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 WILLIAM SIMPSON 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 JACK SCHULTZ TRUSTEE 1.00 X 0 0 0 SANDRA WOLF TRUSTEE 1.00 X 0 0 0 ANNA BEASLEY TRUSTEE 1.00 X 0 0 0 TRENT GILBERT VP, ENROLLMENT MANAGEMENT 50.00 X 151819 0 23920 STEVE BLOOMER VP FOR DEVELOPMENT & COLLE 50.00 X 153000 0 10710 JACQUELYN HEERWAGEN VP FOR STUDENT AFFAIRS 50.00 X 130092 0 16118 DAVID TIMMERMAN DEAN OF FACULTY 50.00 X 149852 0 20570 DARYL CARR CHIEF INFORMATION OFFICER 50.00 X 103358 0 14393 CHRISTINE JOHNSTON INSTITUTIONAL RESEARCH 50.00 X 100652 0 30849 1315667 0 176108 8 0 1 0 ARAMARK CAMPUS DINING SERVICE 700 E BROADWAY MONMOUTH IL 61462 DINING SERVICES 3219636 TROTTER GENERAL CONTRACTING INC 820 W JACKSON STREET MACOMB IL 61455 BUILDING 375465 RUSSELL CONSTRUCTION CO INC 4600 E 53RD STREET DAVENPORT IA 52807 BUILDING 356128 ELLUCIAN CO LP 4375 FAIR LAKES COURT FAIRFAX VA 22033 ADMINISTRATIVE SOFTWARE 240005 KOOKOOLAMONGA LLC 144 W 2ND STREET WASHINGTON NC 27889 MARKETING 193202 11 155986 10343363 6389105 10499349 TUITION & FEES 611310 38460632 38460632 ROOM & BOARD 611310 9435937 9435937 47896569 2025357 2025357 323882 0 323882 323882 323882 7234112 23970 6163154 0 1070958 23970 1094928 1094928 195891 195891 195891 62035976 48092460 0 3444167 24356185 24356185 925891 324062 416651 185178 14486848 12377163 1725658 384027 904823 730880 135014 38929 2829195 2011780 751757 65658 1033020 856285 137755 38980 175333 8023 167310 379179 379179 68705 6530 62175 86803 17706 69097 37997 27840 9382 775 383030 371953 1230 9847 1303245 1114858 113910 74477 1224656 1038798 121383 64475 819048 107780 711268 5119046 5026904 51190 40952 432755 425501 4095 3159 DINING SERVICES 2850811 2850811 REPAIRS & MAINTENANCE 772752 748478 24274 PRINTING 452740 326091 106241 20408 OFF CAMPUS PROGRAMS 352525 352525 3926956 2961308 915836 49812 62921543 56041461 5903405 976677 4595117 4160029 1536674 1056130 1321549 2479540 2417309 2394545 112808 100274 540441 653885 188188663 76082527 117513624 112106136 87795368 102008228 200000 200000 3629064 3849449 219661954 229008216 4199706 4215706 2618506 2612624 523180 674733 22590000 21410929 7660082 8911990 37591474 37825982 X 81158356 79083674 51624819 60701697 49287305 51396863 182070480 191182234 219661954 229008216 X -885567 9863954 133367 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 94774985 6933426 12652457 1772815 2829915 109758138 100363825 1079852 -2033213 1683562 2951917 94774985 99214229 4224650 936672 1436610 2575116 100363825 87233884 1001555 14498368 1333811 2185767 99214229 77767647 786313 14899927 1252265 4967738 87233884 0.07000 0.47000 0.46000 1 0 11193500 5466942 16660442 140328138 52845830 87482308 21454576 14568843 6885733 9745507 8667854 1077653 112106136 LINE OF CREDIT 5411604 ANNUITIES PAYABLE 3500386 8911990 X 47878361 9863954 133367 9997321 37881040 24154936 24154936 62035976 38766607 0 38766607 24154936 24154936 62921543 Part III, Line 1a: THE COLLEGE HAS A PERMANENT ART COLLECTION DISPLAYED WITHIN THE FACILITIES OF THE CAMPUS AND IT IS INSURED FOR APPROXIMATELY $1,767,000. 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 -309,844. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 443,211. Part XI, Line 4b - Other Adjustments: STUDENT AID & SCHOLARSHIPS 24,154,936. Part XII, Line 4b - Other Adjustments: STUDENT AID & SCHOLARSHIPS 24,154,936. 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 1117 23444810 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 0 0 0 0 0 0 0 0 0 CLARENCE R WYATT PRESIDENT 279752 0 0 0 0 0 18550 0 6959 0 305261 0 0 0 RICHARD A MARSHALL ASSISTANT TREASURER 162421 0 0 0 0 0 11781 0 9252 0 183454 0 0 0 TRENT GILBERT VP, ENROLLMENT MANAGEMENT 151819 0 0 0 0 0 11200 0 12720 0 175739 0 0 0 STEVE BLOOMER VP FOR DEVELOPMENT & COLLE 153000 0 0 0 0 0 10710 0 0 0 163710 0 0 0 DAVID TIMMERMAN DEAN OF FACULTY 149852 0 0 0 0 0 11302 0 9268 0 170422 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. 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 BOARD MEMBER OF MIDWEST BANK WHICH THE COLLEGE UTILIZES 0 X 34 6389105 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 -309,844. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 443,211.