2024-02-07T13:59:09-06:00 2023-06-30 363168081 SIKICH LLP 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2022-07-01 370706154 MILLIKIN UNIVERSITY MILL 2174246313 1184 WEST MAIN STREET DECATUR IL 625222084 SARAH KOTTICH EXECUTIVE VICE PRESIDENT 2174246313 2024-02-07 1 SARAH KOTTICH 999009999 0 JILL M BOYLE CPA P01246734 2177933363 2024-02-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES REYNOLDS 1184 WEST MAIN STREET DECATUR IL 625222084 107546622 0 X WWW.MILLIKIN.EDU X 1901 IL TO OFFER AN EDUCATION THAT INTEGRATES THE LIBERAL AND PRACTICAL ARTS OF THE PROFESSIONS. 26 26 1310 1000 4044 0 16943879 12483116 72362084 69991728 12925258 10476492 1295121 1538958 103526342 94490294 40107689 40650827 0 0 30282382 28172939 0 0 1238885 28982776 27609782 99372847 96433548 4153495 -1943254 267089881 248601205 46694946 35100505 220394935 213500700 FOR ALL WHO ASPIRE TO ACHIEVE, MILLIKIN DELIVERS ON THE PROMISE OF EXCELLENCE IN EDUCATION. THROUGH THE INTEGRATION OF THEORY & PRACTICE, WE PREPARE STUDENTS FOR PROFESSIONAL SUCCESS, DEMOCRATIC CITIZENSHIP IN A GLOBAL ENVIRONMENT & A PERSONAL LIFE OF MEANING AND VALUE. 0 0 66664292 40650827 63493480 INSTRUCTION - COST OF ALL INSTRUCTIONAL ACTIVITIES, INCLUDING SCHOLARSHIPS AND GRANTS, FACULTY SALARIES AND FRINGE BENEFITS, CLASSROOM SUPPLIES AND EQUIPMENT, AND OTHER INSTRUCTIONAL EXPENSES. 7711732 6122551 AUXILIARY EXPENSES - COST OF DINING SERVICES AND RESIDENCE HALL OPERATIONS. 13436628 317864 STUDENT SERVICES - COST OF STUDENT DEVELOPMENT OFFICE, ADMISSIONS, REGISTRAR, FINANCIAL AID, CHAPLAIN, CHOIR, BAND, KIRKLAND FINE ARTS CENTER PROGRAMS, AND INTERCOLLEGIATE ATHLETICS. NUMBER OF PERSONS SERVED DURING THE YEAR FOR PROGRAM SERVICES EQUALS APPROXIMATELY 1,949 STUDENTS. 1606645 1606645 87812652 1 1 0 0 0 0 0 1 0 1 1 0 1 0 1 1 1 0 1 0 1 0 0 0 1 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 2544 0 1310 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X AMY M BESSER 2173626485 1184 WEST MAIN STREET DECATUR IL 625222084 BENJAMIN ANDREAS TRUSTEE 1.00 X 0 0 0 TANYA ANDRICKS TRUSTEE 1.00 X 0 0 0 RANDELL BLACKBURN TRUSTEE 1.00 X 0 0 0 RONALD BRANCH TRUSTEE 1.00 X 0 0 0 LEONARD BRINSON TRUSTEE 1.00 X 0 0 0 MICHAEL CANTY TRUSTEE 1.00 X 0 0 0 CINDY DEADRICK WOLFER TRUSTEE 1.00 X 0 0 0 SHERI EICHELBERGER TRUSTEE 1.00 X 0 0 0 ROBERT GIVENS TRUSTEE 1.00 X 0 0 0 JAMES GRADY TRUSTEE 1.00 X 0 0 0 MATTHEW GUFFEY TRUSTEE 1.00 X 0 0 0 STEVE HORVE JR TRUSTEE 1.00 X 0 0 0 KARA DEMIRJIAN HUSS TRUSTEE 1.00 X 0 0 0 AMY JOHNSON KEMP TRUSTEE 1.00 X 0 0 0 ROSALIND LEECK TRUSTEE 1.00 X 0 0 0 JEFFERSON LILLY II TRUSTEE 1.00 X 0 0 0 CASE MCGEE TRUSTEE 1.00 X 0 0 0 KEVIN MCGREEVEY TRUSTEE 1.00 X 0 0 0 CHRIS OLSEN TRUSTEE 1.00 X 0 0 0 DR LARRY OSBORNE TRUSTEE 1.00 X 0 0 0 SUE PILLING TRUSTEE 1.00 X 0 0 0 JOHN SCHLEPPENBACH TRUSTEE 1.00 X 0 0 0 JOHN SKEFFINGTON TRUSTEE 1.00 X 0 0 0 FATHER NICHOLAS SMITH TRUSTEE 1.00 X 0 0 0 DR KATHY THOMFORDE TRUSTEE 1.00 X 0 0 0 JOSHUA WARREN TRUSTEE 1.00 X 0 0 0 JAMES REYNOLDS PRESIDENT 40.00 X 282436 0 32469 RUBY JAMES END 41523 VP FINANCE 40.00 X 163943 0 25022 MARY BLACK PROVOST 40.00 X 141514 0 23532 GINA BIANCHI VP DEVELOPMENT 40.00 X 131964 0 15984 RAPHAELLA PRANGE END 61523 VP STUDENT LIFE 40.00 X 110641 0 21678 CRAIG WHITE DIRECTOR OF ATHLETICS 40.00 X 108002 0 21247 SARAH SHUPENUS END 93022 VP ENROLLMENT 40.00 X 102973 0 17330 SARAH KOTTICH START 11623 EXECUTIVE VICE PRESIDENT 40.00 X 0 0 0 ELIZABETH GEPHART INTERIM DEAN 40.00 X 113822 0 19964 RICHARD PODESCHI DEAN 40.00 X 115973 0 13343 LAURA LEDFORD DEAN 40.00 X 111924 0 13059 AUDRA TRUMP ASSISTANT PROFESSOR 40.00 X 103557 0 19322 STACEY HUBBARD DEAN 40.00 X 104414 0 12831 1591163 0 235781 16 0 1 0 ARAMARK FACILITY SERVICES 2400 MARKET ST PHILADELPHIA PA 191033041 CAMPUS GROUNDS/FACILITIES 3763733 ARAMARK DINING SERVICES 27310 NETWORK PLACE CHICAGO IL 606731273 CAMPUS DINING SERVICES 2890652 HENSON ROBINSON CO 3550 GREAT NORTHERN SPRINGFIELD IL 627119403 CONSTRUCTION 281800 STEVE'S TRUCKING INC 101 N MAIN ST STE 502 DECATUR IL 625231206 CONSTRUCTION 225000 EL PRUITT CO MECHANICAL CONTRACTORS PO BOX 3306 SPRINGFIELD IL 627083306 CONSTRUCTION 197566 10 62638 1229048 11191430 2025082 12483116 TUITION & FEES 900099 63493480 63493480 AUXILLIARY ENTERPRISE REVENUE 900099 6122551 6122551 EDUCATIONAL ACTIVITIES REVENUE 900099 317864 317864 STUDENT FEES REVENUE 900099 57833 57833 69991728 7929570 4044 7925526 15535719 33216 12581940 440073 2953779 -406857 2546922 2546922 24461 62638 34315 -9854 -9854 EMPLOYEE INSURANCE PREMIUMS 900099 957702 957702 FINES REVENUE 900099 95397 95397 495713 495713 1548812 94490294 71540540 4044 10462594 40650827 40650827 1418414 1276573 141841 18886438 16241368 2112762 532308 705241 541733 136381 27127 5669132 4508218 916959 243955 1493714 1194787 249334 49593 137080 137080 298753 298753 496154 261226 219548 15380 1118227 1068530 49697 1494061 1175841 318220 2139982 2032250 107732 1478555 1222773 218884 36898 1029253 961972 67281 6253865 5845059 408806 306231 286213 20018 EQUIPMENT AND MAINTENAN 5413368 5032915 375972 4481 DINING AND MEALS 3169370 3126894 15604 26872 BAD DEBT EXPENSE 367392 343376 24016 3907491 3318670 478088 110733 96433548 87812652 7382011 1238885 5316696 5147924 10773356 11788622 2879439 1778893 1275873 1273931 1426850 594777 129799 68585 212107723 87725636 129911510 124382087 80384141 78938859 25772707 14799978 9219510 9827549 267089881 248601205 3260518 3789211 1223202 546618 3413028 3169833 28700000 18450000 154342 78711 9943856 9066132 46694946 35100505 X 129682905 132856137 90712030 80644563 220394935 213500700 267089881 248601205 X -1943254 -5408952 457971 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 104731702 1791205 4844788 18772849 92594846 114323399 2333436 7974219 19899352 104731702 96611537 2117294 25662291 10067723 114323399 109241730 1148593 2483604 16262390 96611537 110549490 1963120 6645294 9916174 109241730 0.25820 0.74180 0.00000 0 0 11540922 11540922 173859927 75674284 98185643 8256473 5999349 2257124 18450401 6052003 12398398 124382087 REAL ESTATE 14799978 F 14799978 CONDITIONAL ASSET RETIREMENT OBLIGATION 1236276 STUDENT DEPOSITS 664304 ANNUITIES PAYABLE 308136 OPERATING LEASE 40735 FINANCE LEASE 6816681 9066132 X 49005163 -5408952 34315 -5374637 54379800 137080 39973414 40110494 94490294 56086813 34315 34315 56052498 137080 40243970 40381050 96433548 PART III, LINE 4: THE UNIVERSITY HAS RECEIVED A VARIETY OF ARTIFACTS FROM DONORS OVER THE YEARS INCLUDING PAINTINGS, CERAMICS, BLOWN GLASS, AND SCULPTURES. THE COLLECTION ASSISTS IN THE PEDAGOGICAL PROGRAMS FOR FINE ARTS AT THE UNIVERSITY. PART V, LINE 4: THE INVESTMENTS OF THE ENDOWMENT ASSETS WILL BE GOVERNED BY THE FOLLOWING OBJECTIVES: TO PROVIDE ANNUAL SUPPORT TO THE OPERATING BUDGET OF THE UNIVERSITY AND TO PROVIDE SUPPORT TO THE UNIVERSITY'S SCHOLARSHIP PROGRAM. PART X, LINE 2: THE UNIVERSITY HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE) AND ARE EXEMPT FROM FEDERAL INCOME TAXES. THE UNIVERSITY IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. AS SUCH, THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE CODE. THE UNIVERSITY FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO UNIVERSITIES INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX-EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFIT OF TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 34,315. PART XI, LINE 4B - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS 40,650,827. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS -270,556. LOSS ON DISPOSAL OF PROPERTY -406,857. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 34,315. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIVIDUAL SCHOLARSHIPS 40,650,827. LOSS ON DISPOSAL OF PROPERTY -406,857. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MILLIKIN UNIVERSITY'S NONDISCRIMINATORY POLICY AND COMMITMENT TO DIVERSITY STATEMENT ARE PUBLICIZED ON THE UNIVERSITY'S WEBSITE IN THE ABOUT SECTION, UNDER BOTH MISSION AND VALUES AND CONSUMER INFORMATION (HIGHER EDUCATION OPPORTUNITY ACT). SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN ALL FEDERAL AND ILLINOIS FINANCIAL AID PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 8850541 0 0 0 0 0 0 8850541 0 8850541 1 0 1 1 1 0 PART III ACCOUNTING METHOD: BIG BLUE GOLF OUTING 34470 22692 11778 7690 4088 4613 BASEBALL TEAM GOLF OUTING 27961 23248 4713 4160 553 2953 2 24668 16698 7970 7200 770 2288 87099 62638 24461 19050 5411 9854 34315 -9854 1 INDIVIDUAL SCHOLARSHIPS 1569 40650827 PART I, LINE 2: SCHOLARSHIPS AWARDED TO STUDENTS ARE AUTOMATICALLY CREDITED TO THEIR ACCOUNT WITH THE UNIVERSITY TO OFFSET TUITION AND OTHER SIMILAR COSTS. NO CASH IS AWARDED DIRECTLY TO THE STUDENTS. X X X X X 0 0 0 0 0 0 0 0 0 JAMES REYNOLDS PRESIDENT 276364 0 0 0 6072 0 14250 0 18219 0 314905 0 0 0 RUBY JAMES END 41523 VP FINANCE 162865 0 0 0 1078 0 8625 0 16397 0 188965 0 0 0 MARY BLACK PROVOST 141356 0 0 0 158 0 7500 0 16032 0 165046 0 0 0 A COUNTY OF MACON ILLINOIS 376001309 2014-12-01 10000000 CONSTRUCTION COSTS OF NEW UNIVERSITY CENTER, RENOVATION OF RESIDENCE HALLS 0 1 0 A 10000000 10000000 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 17 2025082 SELLING PRICE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED 990 IS REVIEWED AND ACCEPTED BY THE ASSISTANT VICE PRESIDENT OF FINANCIAL SERVICES, THE EXECUTIVE VICE PRESIDENT, THE PRESIDENT AND THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE PRESIDENT'S OFFICE SENDS OUT A QUESTIONAIRE TO ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES IN WHICH ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED. THE PRESIDENT'S OFFICE MONITORS THE RETURN OF ALL QUESTIONAIRES AND REVIEWS AND MAINTAINS THESE RECORDS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S EXECUTIVE COMITTEE HAS OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE PRESIDENT. THE PURPOSE OF THE PROCESS IS TO SET THE PRESIDENT'S ANNUAL COMPENSATION BASED ON THREE FACTORS: A. SUMMATIVE PERFORMANCE APPRAISAL FOCUSED ON ANNUAL GOALS, WITH CONSIDERATION OF THE RESULTS OF THE EVALUATION CONDUCTED IN THE PREVIOUS FALL; B. MARKET ANALYSIS, ESPECIALLY PEER AND BENCHMARK DATA; C. INSTITUTIONAL NEEDS. THE PROCESS BEGINS ANNUALLY IN EARLY MAY WITH THE PRESIDENT'S SUBMISSION TO THE BOARD CHAIR OF: FIRST, A STATUS REPORT ON THE CURRENT YEAR'S GOALS THAT, IN MANY CASES, WILL ANTICIPATE YEAR-END RESULTS; AND SECOND, A SET OF PROPOSED GOALS FOR THE UPCOMING ACADEMIC YEAR. THE BOARD CHAIR WILL ALSO RECEIVE APPROPRIATE PEER AND BENCHMARK DATA FROM THE HUMAN RESOURCES OFFICE. THE EXECUTIVE COMMITTEE WILL REVIEW THE PRESIDENT'S PERFORMANCE, WITH THE BOARD CHAIR DISCUSSING THEIR CONCLUSIONS ORALLY WITH THE PRESIDENT TO ENSURE ACCURACY AND FAIRNESS OF JUDGEMENTS. THE EXECUTIVE COMMITTEE WILL THEN DISCUSS ITS CONCLUSIONS AND COMPENSATION RECOMMENDATION WITH THE PRESIDENT. THE BOARD CHAIR WILL DISCUSS THE EXECUTIVE COMMITTEE'S CONCLUSIONS AND COMPENSATION RECOMMENDATION WITH THE FULL BOARD IN EXECUTIVE SESSION, WITH THE PRESIDENT IN ATTENDANCE. THE BOARD WILL THEN APPROVE THE PRESIDENT'S COMPENSATION FOR THE FOLLOWING YEAR, AND THE BOARD CHAIR WILL THEN PREPARE THE NECESSARY WRITTEN CONFIRMATION. THE BOARD CHAIR AND PRESIDENT WILL MEET PRIVATELY TO CONCLUDE THE PROCESS. THE PRESIDENT HAS OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE VICE PRESIDENTS. A MARKET ANALYSIS IS DONE BY THE HR OFFICE THAT INCLUDES PEER AND BENCHMARK DATA. THIS ANALYSIS IS THEN USED AS A TOOL FOR DETERMINING SALARY CHANGES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC WITH COPIES PROVIDED UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 270,556. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 187,415.