2014-03-26T14:12:50-05:00 2013-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2012-07-01 362515868 Judson University A Baptist Institution JUDS 8476282500 1151 N State Street Elgin IL 60123 John Potter 8476282500 2014-03-26 1 David C Moja P00747006 3178852620 2012 2015-11-30 17:44:51Z Dr Gene C Crume 1151 N State Street Elgin IL 60123 36214501 0 X www.judson.edu X 1963 IL Four year private, Christian liberal arts university 23 20 837 300 54956 -62 3092667 2648035 29080332 28522447 249590 318864 225629 -108573 32648218 31380773 9333541 9695980 0 0 13471344 12256550 9371 26626 648533 10527311 10560029 33341567 32539185 -693349 -1158412 58095158 58668341 13523586 13572073 44571572 45096268 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 21598432 7359825 21654195 Liberal Arts Instruction - Provided instruction and related services to 782 traditional students , 29 post-bachelor of arts students, and 104 students in the master's programs. Counting all types of instruction, Judson graduated 262 students with baccalaureate degrees and 82 students with master's degrees. 3978658 1367757 4007006 Housing and food service - Provided housing and related services to approximately 66% of the above traditional and graduate students. 2841899 968398 2866727 Adult Continuing Education - Provided instruction and related services to 256 students. 28418989 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 1 1599 0 1 837 1 1 1 0 0 0 0 1 1 0 0 0 1 0 X 23 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X John R Potter 8476282500 1151 N State Street Elgin IL 60123 Mrs Carol Thompson 1.00 X X 0 0 0 Dr Randy Gauger 1.00 X X 0 0 0 Rev Greg Huguley 1.00 X X 0 0 0 Rev Nathaniel Edmond 1.00 X X 0 0 0 Mrs Nancy Binger 1.00 X X 0 0 0 Mrs Victoria Zimmerman part year 1.00 X 0 0 0 Dr Nate Adams 1.00 X 0 0 0 Mr Marco Alvarez part year 1.00 X 0 0 0 Mr Fred Broling 1.00 X 0 0 0 Mr Shawn Casey 1.00 X 0 0 0 Mr Dana Davidson 1.00 X 0 0 0 Mr Dennis Demoss 1.00 X 0 0 0 Mr Devlin Donaldson 1.00 X 0 0 0 Mrs Cynthia Hoag 1.00 X 0 0 0 Mr Brett Lundstrom 1.00 X 0 0 0 Dr Adam Mackintosh 1.00 X 0 0 0 Dr Karen Maudlin 1.00 X 0 0 0 Dr Rob McCleland 1.00 X 0 0 0 Mr Richard Naponelli 1.00 X 0 0 0 Mr Kevin Noe 1.00 X 0 0 0 Mr Michael Pepe 1.00 X 0 0 0 Mr John M Shales 1.00 X 0 0 0 Mrs Fran Street 1.00 X 0 0 0 Mr Bruce Strom 1.00 X 0 0 0 Mr Timothy Winters 1.00 X 0 0 0 Mr John R Potter 40.00 X 70316 0 26792 Dr Will A Friesen 40.00 X 46279 0 34 Dr Gene Crume 40.00 X 0 0 0 Mr William Crothers part year 40.00 X 84689 0 323 Mr Dale Simmons part year 40.00 X 120451 0 22146 321735 0 49295 1 0 0 0 Aramark Corporation 24818 Network Pl Chicago IL 60690 Plant Maintenance 1370440 Creative Dining Services Inc 1 Royal Park Drive Suite 3 Zeeland MI 49464 Food Service 1231205 TIAA-CREF 8907 Timbers Pointe Dr Tinley Park IL 60477 Retirement Trustee 683105 Judson University Bookstore #555 1151 N State Street Elgin IL 60123 Retailer of Books 343176 LFLP 1055 Featherstone Road Suite B Rockford IL 61107 Commercial Lessor 277914 8 314675 179152 2154208 71086 2648035 Tuition and Fees 900099 23377376 23377376 Auxiliary Enterprises 900099 4964604 4964604 Other Revenue 900099 180467 180467 28522447 326320 326320 15565 10084 5481 5481 5481 4548433 6850 4546234 16505 2199 -9655 -7456 -7456 91895 314675 260905 -169010 -169010 Conf. Services & Other 721000 40171 40171 Gymnasium Usage Fees 531120 14785 14785 54956 31380773 28527928 54956 149854 9683980 9683980 12000 12000 475868 475868 37929 37929 9704848 9029272 384132 291444 295949 268707 12769 14473 1013434 879639 68872 64923 728522 632416 61983 34123 81869 81869 48824 48824 26626 26626 88381 88381 2143585 1940702 194925 7958 311411 301281 4486 5644 533116 299742 167418 65956 362503 297572 18147 46784 1471519 1119724 351795 590926 375780 202542 12604 30027 27723 1292 1012 118741 118741 1699925 883961 815964 13417 13417 Food service 1197164 1193594 2285 1285 Construction/repair 683596 341798 341798 Text book 404693 404693 R&M equipment 240717 206432 12413 21872 539615 482044 3742 53829 32539185 28418989 3471663 648533 894047 691925 1138434 1117480 596499 757893 388087 200986 66607652 24636481 42556279 41971171 10698781 12044320 116270 132721 1571455 1622177 135306 129668 58095158 58668341 3230530 2952388 500189 822362 7610000 7610000 7028 22475 95378 60859 600000 600000 1480461 1503989 13523586 13572073 X 31986914 30777295 5977375 7552887 6607283 6766086 44571572 45096268 58095158 58668341 -1158412 1683108 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1200 146376 X X X 0 0 1 X 11391503 478129 1928727 194728 13603631 10562443 507488 526767 -205195 410390 11391503 9562503 106143 1684338 218285 572256 10562443 7640901 400139 991023 195922 -726362 9562503 0.19840 0.30420 0.49740 1 0 1148900 930671 2079571 49425057 14329040 35096017 5763237 3551339 2211898 6388786 5111696 1277090 232080 2718921 1644406 1306595 41971171 Refundable loan program 1247559 Refundable deposits 90952 Annuities payable 165478 1503989 X 23552425 1683108 260905 1944013 21608412 88381 9683980 9772361 31380773 23027729 260905 260905 22766824 88381 9683980 9772361 32539185 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 IV, Line 2b: The University acts as the custodian for many Student Organizations on campus. Description of Intended Use of Endowment Funds: Part V, Line 4: The University's endowment consists of approximately 165 individual funds established primarily for scholarship purposes. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2013 and 2012, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The University files information tax returns in the U.S. and Illinois. The University is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2008. Part XI, Line 2d - Other Adjustments: Fundraising expenses on Part VIII, Line 8b 260,905. Part XI, Line 4b - Other Adjustments: Financial aid 9,683,980. Part XII, Line 2d - Other Adjustments: Fundraising expenses on Part VIII, Line 8b 260,905. Part XII, Line 4b - Other Adjustments: Financial aid 9,683,980. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The policy is available at www.judson.edu. Admission to Judson University, participation in all of its academic and co-curricular programs, eligibility for its various financial aid programs, and all university services are open to all without regard to race, color, gender, creed, or national and ethnic origin. Judson University seeks to provide a balance in all of its programs and services to women. A self study has been completed to make certain the university is fulfilling all requirements of Title IX concerning nondiscrimination on the basis of sex. In compliance with federal regulations, Nick Salzmann, Campus Safety Director, serves as grievance officer. No disabled person shall, on the basis of disability, be excluded from participation in or be denied the benefits of any university program activity or service. No qualified disabled person shall, on the basis of disability, be subject to discrimination in employment under any program or activity of the university. Explanation of Government Financial Assistance 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, MAP Grants, and PA Educational Grant. 1 Central America and the Caribbean 0 0 Program Services Mission trips 75659 Sub-Saharan Africa 0 0 Program Services Mission trips 57087 South Asia 0 0 Grants to Recipients 12000 0 0 0 0 0 0 144746 0 144746 Stipend South Asia 1 12000 ACH transfer 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: Funds are wire transferred to foreign organizations. Receipts are submitted by trip volunteers. Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: Exenditures are accounted for using the accrual method of accounting. X X X X X X X 1 Ruffalo Cody PO Box 3018 Cedar Rapids IA 52406 Phone-a-thon services 0 16995 26626 -9631 16995 26626 -9631 IL NJ World Leader's Forum 406570 314675 91895 3456 206198 51251 406570 314675 91895 3456 206198 51251 260905 -169010 1 Scholarships 804 9683980 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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. A City of Elgin Kane and Cook Counties IL 366005862 286344AC0 2006-05-24 9500000 Refund '96 bond/finance new building 0 0 0 A 1890000 9820984 150340 84184 8016460 1570000 2007 1 0 1 1 A 0 0 1 1 0 0.00100 0.00100 0 0 1 A 0 0 1 0 1 1 JP Morgan Chase 10.000000000000 1 0 0 0 1 A 1 Schedule K, Part II, Line 3 Total proceeds of issue The difference in the amount reported on Part II, Line 3 and the amount reported in Part I, column (e) is due to investment earnings of $320,984. Schedule K, Part III, Line 9, Schedule K, Part IV, Line 7 and Part V Written Policies and Procedures The organization is currently in the process of implementing and adopting a written policy and procedures regarding the post-issuance compliance of tax-exempt bonds. The policy will be in place by 5/31/14. 111925 Tuition Assistance Mr Brett Lundstrom Trustee owned company 291727 Insurance 0 Mr John Shales Trustee owned company 111290 Construction work 0 Miss Margaret Street Child of trustee 26887 Wages 0 X 1 1200 Current gallery retail X 201 Fair market value X 1 2095 Fair market value X 8 63293 Fair market value X 2 1 Fair market value X Exercise equipment 1 3294 Fair market value X Piano 1 1000 Fair market value X Gift cards & coupons 3 1 Fair market value X Furniture and equipment 3 1 Fair market value 0 1 0 Method for Determining Number of Contributions: Part I, Column (b): The number of contributors represents the number of contributions received. 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 11 The Form 990 is prepared by an independent CPA firm. It was reviewed by the Vice President of Business Affairs and the audit committee prior to filing. It was also provided to the entire board of trustees prior to filing. 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 Vice President reviews the signed statements. If a conflict were to arise at a board or committee meeting, the interested person would abstain from voting. 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 review committee minutes. The process was last completed during the fiscal year. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy, and financial statements are available to the public upon request.