2012-03-23T11:02:31-05:00 2011-06-30 RSM MCGLADREY INC PO BOX 159 SPRINGFIELD IL 627050159 990 2010-07-01 370673484 EUREKA COLLEGE EURE 3094676305 300 E COLLEGE AVENUE EUREKA IL 615301500 MARC PASTERIS 3094676305 2012-03-19 1 GEORGE WEBER 2175223000 2010 2016-02-24 21:20:13Z J DAVID ARNOLD 300 E COLLEGE AVENUE EUREKA IL 615301500 20359332 0 X WWW.EUREKA.EDU X 1855 IL HIGHER EDUCATION 30 29 475 50 0 0 2761289 3962977 10793907 11395701 3259690 2907495 892800 776762 17707686 19042935 0 0 0 0 6955406 7283248 0 0 1151536 6096318 6120676 13051724 13403924 4655962 5639011 28683047 33970137 12449372 12953561 16233675 21016576 X EUREKA COLLEGE, AFFILIATED WITH THE CHRISTIAN CHURCH (DISCIPLES OF CHRIST), IS A LIBERAL ARTS AND SCIENCE INSTITUTION WHICH ALSO PROVIDES PROFESSIONAL PROGRAMS WITH A LIBERAL ARTS EMPHASIS. THE COLLEGE EXISTS TO CULTIVATE EXCELLENCE IN LEARNING, SERVICE, AND LEADERSHIP. THE COLLEGE FOSTERS THE MUTUAL DEVELOPMENT OF INTELLECT AND CHARACTER SO THAT THE MEMBERS OF OUR COMMUNITY MAY LEAD MEANINGFUL, PRODUCTIVE LIVES AND SUCCEED IN THEIR PROFESSIONAL AND SOCIAL ROLES. 0 0 9089615 12328582 EUREKA STUDENTS TAKE COURSES IN THE COLLEGE'S FIVE ACADEMIC DIVISIONS: EDUCATION, FINE AND PERFORMING ARTS, HUMANITIES, SCIENCE AND MATHEMATICS, AND SOCIAL SCIENCE AND BUSINESS. THE EUREKA COMMUNITY IS ONE THAT DEMANDS OF ITS MEMBERS INVOLVEMENT AND INTERACTION THROUGH SUCH ACTIVITIES AS MUSIC, THEATRE, STUDENT GOVERNMENT, AND ATHLETICS. AT THE CENTER OF THE EUREKA EXPERIENCE IS THE DEVELOPMENT OF VALUES THAT WILL HELP ITS GRADUATES CONTRIBUTE TO SOCIETY IN ROLES OF LEADERSHIP AND SERVICE.THE GOALS OF THE EUREKA COLLEGE CURRICULUM ARE PUBLISHED IN THE EUREKA COLLEGE CATALOG. THE COLLEGE UNDERSTANDS THAT THE TRUE PURPOSE OF EDUCATION IS TO REALIZE THE POTENTIAL OF THE WHOLE PERSON. ACCORDINGLY, OUR GOALS, ABBREVIATED BELOW, ARE TO FOSTER THE DEVELOPMENT OF:-THE INTELLECT-COMMMUNICATION SKILLS-AESTHETIC AND CULTURAL AWARENESS-AN UNDERSTANDING OF THE NATURAL ENVIRONMENT-PHYSICAL FITNESS, ALERTNESS, AND VITALITY-COMPETENCE IN AT LEAST ONE ACADEMIC OR PROFESSIONAL FIELD-GREATER SOCIAL AWARENESS-GREATER SENSE OF PERSONAL RESPONSIBILITY-PERSONAL VALUES-WAYS TO USE KNOWLEDGE IN LEADERSHIP AND SERVICEAS PRESENTED IN THE HISTORICAL CHART BELOW, IN 2010-11, THE COLLEGE REPORTED 782 ENROLLED STUDENTS, 42 FULL-TIME FACULTY, 61 FULL-TIME STAFF, 24 UNDERGRADUATE MAJORS, 6,000 ALUMNI, A 12:1 STUDENT-FACULTY RATIO, AND A RATIO OF FACULTY-TO-MAJORS AT 1.75, AN INCREASE FROM 1.22 IN 2003-04.NEW STUDENT ENROLLMENT RATES: COHORT NEW STUDENTS TOTAL ENROLLMENT 2004 194 520 2005 232 536 2006 223 575 2007 236 672 2008 273 754 2009 273 766 2010 289 782ADDITIONAL STUDENT STATISTICS: YEAR GRADE POINT AVERAGES GRADUATES RESIDENTIAL STUDENTS 2004 2.79 95 334 2005 2.83 120 339 2006 2.94 123 359 2007 2.94 105 376 2008 3.06 122 392 2009 3.05 181 398 2010 2.92 179 419 2011 2.86 164 419IN DECEMBER 2011 EUREKA COLLEGE COMPLETED THE CONSTRUCTION OF A $6 MILLION 100 BED RESIDENCE HALL, IVY HALL, AND WILL BE OCCUPIED BY STUDENTS IN JANUARY 2012. RENOVATIONS TO ALUMNI COURT, FOUNDERS' COURT AND GUNZENHAUSER HALL INCLUDE: FLOORING, PAINT, CEILING AND LIGHTING SYSTEMS, ELECTRICAL AND PLUMBING UPGRADES, NEW ROOFS AND EXTERIOR IMPROVEMENTS, SPRINKLER AND FIRE PROTECTION SYSTEMS, HEATING, VENTILATION AND AIR CONDITIONING SYSTEMS AND ROOM AND LOUNGE FURNISHINGS. RENOVATIONS TO FOUNDERS' COURT WERE COMPLETED AND STUDENTS OCCUPIED THE FACILITY IN AUGUST 2011, GUNZENHAUSER HALL WAS COMPLETED AND STUDENTS OCCUPIED THE FACILITY IN JANUARY 2012, RENOVATIONS TO ALUMNI COURT WILL BEGIN IN JANUARY 2012 WITH OCCUPANCY IN JANUARY 2013. EUREKA COLLEGE CONTINUES TO ACHIEVE ITS STRATEGIC VISION AND PLAN WITH RECORD NEW STUDENT ENROLLMENT (289) AND TOTAL NUMBER OF STUDENTS (782), A SOLID 2.86 GPA ON A 4.0 SCALE FOR ALL STUDENTS, WITH AN EXCELLENT FACULTY AND RIGOROUS ACADEMIC PROGRAMS, AND GRAND OPENING OF IVY HALL AND RENOVATIONS TO EXISTING LIVING FACILITIES. 9089615 1 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 55 0 1 475 1 0 0 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X MARC PASTERIS 3094676305 300 E COLLEGE AVENUE EUREKA IL 61530 DAVID ADAMS 1.00 X X 0 0 0 BARBARA HODEL 1.00 X X 0 0 0 ROBERT ATTERBURY 1.00 X 0 0 0 JAY HEIN 1.00 X 0 0 0 LANCE BYERLY 1.00 X 0 0 0 TERESA DULYEA-PARKER 1.00 X 0 0 0 KEVIN CALLIS 1.00 X 0 0 0 ANNE FOX 1.00 X 0 0 0 GREGORY FOLLEY 1.00 X 0 0 0 RODNEY GOULD 1.00 X 0 0 0 GREG HENRY 1.00 X 0 0 0 CHUCK HERSHBERGER 1.00 X 0 0 0 MARIANNA JACKSON 1.00 X 0 0 0 TERRY KLAUS 1.00 X 0 0 0 SARAH ISABEL 1.00 X 0 0 0 WILLIAM KING 1.00 X 0 0 0 ANTHONY RIGAZIO 1.00 X 0 0 0 DAVID WINDLEY 1.00 X 0 0 0 J DAVID ARNOLD 40.00 X X 236030 0 27703 SAMUEL GIRARD 1.00 X 0 0 0 KELLY HARBERT 1.00 X 0 0 0 SANDRA BANER 1.00 X X 0 0 0 MICHAEL MANGOLD 1.00 X 0 0 0 MARK SPENNY 1.00 X 0 0 0 GLENN WERRY 1.00 X 0 0 0 MICHELLE HUBBLE 1.00 X 0 0 0 ROBERT HEITZMAN 1.00 X X 0 0 0 STEPHEN HATHWAY 1.00 X 0 0 0 ROBERT NICKS 1.00 X 0 0 0 HARRY WILLIAMS 1.00 X 0 0 0 MARC P PASTERIS 40.00 X 106893 0 20446 PHILLIP ACREE CAVALIER 40.00 X 111321 0 20201 MICHAEL K MURTAGH 40.00 X 115251 0 8098 BRIAN P SAJKO 40.00 X 100503 0 7065 669998 0 83513 5 0 1 0 SODEXO FOOD SERVICES PO BOX 70060 CHICAGO IL 60673 CONTRACTED FOOD SERVICES 1028260 CORE CONSTRUCTION 866 N STREET MORTON IL 61550 CONSTRUCTION 971724 SODEXO MAINTENANCE SERVICES PO BOX 70060 CHICAGO IL 60673 CONTRACTED MAINTENANCE SERVICES 753569 RUYLE MECHANICAL 1325 NE BOND STREET PEORIA IL 61603 MAINTENANCE 147320 CMFI 2606 W ALTORFER DRIVE PEORIA IL 61615 SUPPLIES 102389 6 2951342 365116 646519 272529 3962977 TUITION & FEES 900099 9699445 9699445 ROOM & OTHER SERVICES 900099 1696256 1696256 11395701 504120 504120 24600 30056 -5456 -5456 -5456 2403375 2403375 2403375 2403375 36161 365116 186824 -150663 -150663 1943339 1099517 843822 843822 89059 89059 89059 19042935 12328582 0 2751376 364679 265810 98869 5518341 4542708 531803 443830 334355 246901 54402 33052 662208 507417 98559 56232 403665 318535 49128 36002 26863 26863 52850 52850 80643 80486 157 166745 67681 4863 94201 351925 237893 35466 78566 64234 64234 931634 761375 170259 262866 210215 20524 32127 558866 272023 286843 897354 302211 595143 CONTRACTUAL SERVICES 743119 614146 120068 8905 STUDENT PROGRAMS & ACTI 503723 503723 BAD DEBTS 275804 29240 200000 46564 TUITION WAIVERS 247617 247617 SUPPLIES/MISC OTHER 160713 160713 795720 250600 322089 223031 13403924 9089615 3162773 1151536 20740 13799 2144580 3789944 939924 827388 687337 533243 1000000 800000 97684 99327 286763 371503 34603450 18153808 13990236 16449642 6870753 8080376 2645030 3004915 28683047 33970137 720575 2369448 4560000 4155000 5782820 5072139 1385977 1356974 12449372 12953561 X -2733941 543242 2636246 3380445 16331370 17092889 16233675 21016576 28683047 33970137 X 5639011 -856110 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30966 X X 0 14632182 427831 1965881 333624 16692270 13910037 121416 1047186 446457 14632182 15477487 267022 -1278846 555626 13910037 1.00000 0 0 1137481 1137481 19716550 9944734 9771816 7867143 6395349 1471794 5882276 1813725 4068551 16449642 OTHER ASSETS 1226 CSV LIFE INSURANCE 585278 ESTATES 2386445 ART & SPECIALTY ITEMS 30966 OTHER INVESTMENTS 1000 3004915 STUDENT DEPOSITS 471832 ANNUITIES PAYABLE 332524 FEDERAL STUDENT LOAN FUNDS 457798 OBLIGATIONS UNDER CAPITAL LEASE 81897 INTEREST PAYABLE 12923 1356974 19042935 13403924 5639011 -835360 -20750 -856110 4782901 19523972 1316397 1316397 18207575 835360 835360 19042935 14741071 1337147 1337147 13403924 0 13403924 PART III, LINE 4: EUREKA COLLEGE HAS WORKS OF ART THAT INCLUDE PAINTINGS AND CIVIL WAR ITEMS. THESE ITEMS ARE USED IN THE CLASSROOMS IN THE FINE AND PERFORMING ARTS BUILDINGS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITIONS ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY AS OF JUNE 30, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT TO ANNUITIES PAYABLE -20,750. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,099,517. SPECIAL EVENT EXPENSES 186,824. RENTAL EXPENSES 30,056. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED LOSSES ON INVESTMENTS 835,360. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,099,517. SPECIAL EVENT EXPENSES 186,824. ACTUARIAL ADJUSTMENT TO ANNUITIES PAYABLE 20,750. RENTAL EXPENSES 30,056. 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 A SUMMARY STATEMENT OF THE COLLEGE'S NONDISCRIMINATORY POLICY IS INCLUDED IN THE COLLEGE CATALOG, STUDENT HANDBOOK, REGISTRATION MATERIAL, AND ALL OTHER WRITTEN DOCUMENTATION WITH THE PUBLIC. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 GOVERNMENTAL AID RECEIVED IS IN THE FORM OF GRANTS FOR TUITION, FEES FOR ENROLLED STUDENTS, AND FUNDS FOR LOANS TO STUDENTS WHO MEET APPROVED GOVERNMENT PROGRAMS AND ELIGIBILITY REQUIREMENTS. THE COLLEGE IS ALSO A RECIPIENT FOR REIMBURSEMENT OF EXPENSES FROM THE U.S. HOUSING AND URBAN DEVELOPMENT FUND AND THE DEPARTMENT OF EDUCATION. PK KELLEY 182536 182536 49676 REAGAN CENTENNIAL 194750 182580 12170 127008 1 23991 23991 10140 401277 365116 36161 186824 186824 -150663 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 J DAVID ARNOLD 187280 0 24750 0 24000 0 15395 0 12308 0 263733 0 0 0 WAYNE BAUM FORMER TRUSTEE OF EUREKA COLLEGE AND PRESIDENT OF CORE CONSTRUCTION 971724 CONSTRUCTION SERVICES 0 X 419 SELLING PRICE X 51628 SELLING PRICE X 7 189774 FAIR MARKET VALUE X CONSUMABLES 5 11205 COST X ENTERTAINMENT 4 4000 COST X OTHER CONTRIBUTIONS 3 797 COST X ATHLETIC EQUIPMENT 1 14706 COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FULL BOARD HAS DELEGATED THE DETAILED REVIEW TO THE EXECUTIVE COMMITTEE. ALL MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A COPY OF THE RETURN AND HAVE AN OPPORTUNITY TO ASK QUESTIONS AND THE ADMINISTRATION WILL SATISFACTORILY RESPOND TO THE EXECUTIVE COMMITTEE BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C WHEN ITEMS ARE VOTED ON BY THE BOARD, A MEMBER WITH A CONFLICT OF INTEREST WOULD DISCLOSE PRIOR TO THE VOTE AND ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CHIEF OFFICER OF THE COLLEGE IS RECOMMENDED BY THE OFFICERS OF THE BOARD OF TRUSTEES AND APPROVED BY THE BOARD. OUTSIDE FINANCIAL AND COMPARABLE DATA IS CONSIDERED IN DETERMINING THE COMPENSATION PAID. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE FINANCIAL REPORT IS MADE AVAILABLE UPON REQUEST. AVAILABILITY OF THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS DETERMINED ON A CASE BY CASE BASIS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -835,360. ACTUARIAL ADJUSTMENT TO ANNUITIES PAYABLE -20,750. TOTAL TO FORM 990, PART XI, LINE 5: -856,110.