2025-05-14T14:35:25-05:00 2024-06-30 363168081 SIKICH LLC 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2023-07-01 370661491 BLACKBURN UNIVERSITY BLAC 2178543231 700 COLLEGE AVENUE CARLINVILLE IL 62626 LARRY LEE PRESIDENT 2178543231 2025-05-14 1 0 JILL M BOYLE CPA P01246734 2177933363 2025-05-08 2023 2025-03-06 01:10:19Z BLACKBURN COLLEGE LARRY LEE 700 COLLEGE AVENUE CARLINVILLE IL 62626 45035003 0 X WWW.BLACKBURN.EDU X UNIVERSITY 1837 IL COMBINE LIBERAL ARTS EDUCATION & WORK PROGRAM TO PREPARE GRADUATES FOR CAREERS AND LIFELONG LEARNING. 19 19 449 200 -9837 0 5018072 8472013 11633228 12257919 655388 1638716 509522 462179 17816210 22830827 3896100 3472093 0 0 9923781 11134013 0 0 704503 6644768 6803741 20464649 21409847 -2648439 1420980 78392530 84136032 12301604 13747000 66090926 70389032 X 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. THE BLACKBURN COMMUNITY VALUES CRITICAL AND INDEPENDENT THINKING, LEADERSHIP DEVELOPMENT, DIVERSITY AND INCLUSION, SERVICE, SHARED GOVERNANCE, AND MORAL RESPONSIBILITY. 0 0 17239230 3472093 12541264 389 STUDENTS SERVED DURING THE FALL SEMESTER 2023; 369 STUDENTS SERVICE DURING THE SPRING SEMESTER 2024. 17239230 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 53 0 449 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DEANA ROGERS 2178545513 LUDLUM HALL 208 700 COLLEGE AVE CARLINVILLE IL 62626 ROCHELLE HENDERSON BOARD OF TRUSTEES CHAIR 1.00 X X 0 0 0 PAUL TEPIKIAN BOARD OF TRUSTEE VICE CHAIR 1.00 X X 0 0 0 KENNETH DEIHL BOARD OF TRUSTEES SECRETARY 1.00 X X 0 0 0 DAN ANDERSON TRUSTEE 1.00 X 0 0 0 LISA BLACK-GOMEZ TRUSTEE 1.00 X 0 0 0 SALINA BROWN TRUSTEE 1.00 X 0 0 0 DAVID DORRIS 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 EXECUTIVE COMMITTEE MEMBER 1.00 X 0 0 0 TOM HEINZ TRUSTEE 1.00 X 0 0 0 MICHAEL KOKAL TRUSTEE 1.00 X 0 0 0 CYNTHIA LAMAR TRUSTEE 1.00 X 0 0 0 CRESS MADDOX TRUSTEE 1.00 X 0 0 0 GEORGE MALO 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 SARAH ROBISON 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 MADONNA TIDEMAN TRUSTEE 1.00 X 0 0 0 GREGORY MEYER END 63024 PRESIDENT 50.00 X 220000 0 0 KARLA MCCAIN END 61623 PROVOST 50.00 X 87247 0 9384 LAURA WIEDLOCHER START 6523 PROVOST (INTERIM) 50.00 X 119647 0 5982 SARAH MOUCH END 2224 VP OF ADMIN & FINANCE 50.00 X 156000 0 8595 SARAH KOPLINSKI VP FOR INSTITUTIONAL ADVANCEMENT 50.00 X 109433 0 5474 STEVEN LAMBERT END 11823 VP FOR INCLUSIVE ENROLLMENT 50.00 X 21048 0 0 JUSTIN NORWOOD VP FOR INCLUSIVE ENROLLMENT 50.00 X 115250 0 14060 ALBERT STURGEON END 8123 VP FOR DIVERSE & EQUITABLE STUDENT LIFE & DEAN OF 50.00 X 76818 0 13096 LOGAN ELLIOTT START 91223 INTERIM VP FOR DIVERSE & EQUITABLE STUDENT LIFE & 50.00 X 68497 0 1698 973940 0 58289 5 0 1 0 JOYNER CONSTRUCTIONS SERVICES INC 4003 YUCAN DR SPRINGFIELD IL 62711 CONSTRUCTION SERVICES 1231907 MEFF'S ENTERPRISES 406 N PLUM ST CARLINVILLE IL 62626 CONSTRUCTION SERVICES 1137029 FRESH IDEAS MANAGEMENT LLLC 3220 VANDIVER DR COLUMBIA MO 65202 FOOD SERVICE 1102252 STEEL PRO STRUCTURES LLC 2141 W WHITE OAKS DR STE B SPRINGFIELD IL 62704 CONSTRUCTION SERVICES 957077 FEDERAL STEEL & ERECTION CO PO BOX 238 206 EAST ALTON AVE EAST ALTON IL 62024 CONSTRUCTION SERVICES 689386 10 5406700 3065313 309817 8472013 TUITION & FEES 611600 9978095 9978095 AUXILLARY ENTERPRISES 611600 2279824 2279824 12257919 252146 -14900 267046 2407 2407 277539 15687 261852 261852 261852 23528750 3535 22145715 0 1383035 3535 1386570 5063 1381507 64267 42774 21493 21493 OTHER INCOME 611600 176427 176427 176427 22830827 12541264 -9837 1827387 3472093 3472093 993186 778087 152216 62883 8666772 6426756 1800797 439219 906713 644082 221345 41286 567342 470072 63176 34094 31056 31056 1052346 382800 622700 46846 52224 6411 45813 408302 2324 404934 1044 450200 359655 62962 27583 376356 376356 1262368 765261 497107 253796 15583 238213 FOOD & HEALTH SERVICES 1091406 1072337 19040 29 EQUIPMENT AND SUPPLIES 501270 341121 151546 8603 REPAIRS AND MAINTENANCE 271276 139843 131433 BAD DEBTS 88157 88157 964984 2362805 -1440737 42916 21409847 17239230 3466114 704503 4689008 5000 4175 3754168 464497 343182 527592 1570117 1946218 1830026 68157 34963 220590 313122 56243900 22908464 28628525 33335436 200586 207890 37948662 39014742 3694520 3727386 78392530 84136032 1368715 3921195 823713 1012146 4664760 4357543 2283911 2184640 3160505 2271476 12301604 13747000 X 34242810 32357649 31848116 38031383 66090926 70389032 78392530 84136032 X 1420980 2858537 18589 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32435612 662363 3110250 1537229 -32866 34703862 30001668 1014989 2238478 1039158 -219635 32435612 34394480 653323 -2457570 1088837 1499728 30001668 26320519 2601325 6270328 1097665 -299973 34394480 25820454 1748783 303899 1571252 -18635 26320519 0.11654 0.88346 0 0 170372 170372 42231917 18235435 23996482 7759707 4673029 3086678 6081904 6081904 33335436 REAL ESTATES HELD FOR INVESTMENT - FARM LAND 11045919 F COMMONFUND: MULTI STRATEGY EQUITY FUND 14037482 F COMMONFUND: MULTI STRATEGY BOND FUND 7037017 F CAPITAL PARTNERS VI, LP 309708 F CAPITAL PARTNERS VII, LP 1195804 F CAPITAL PARTNERS VIII, LP 1218175 F LIFE INSURANCE 25767 F OTHER INVESTMENTS -16396 F MONEY MARKET FUND 4161266 F 39014742 SPLIT INTEREST AGREEMENTS 132556 PERKINS LOAN PROGRAM 65433 CAPITAL LEASES PAYABLE 1830016 DEPOSITS HELD IN CUSTODY FOR OTHERS 203941 REFUNDABLE GRANT ADVANCE 39530 2271476 X 22247578 2858537 28497 2887034 19360544 31056 3439227 3470283 22830827 17949472 42774 42774 17906698 31056 3472093 3503149 21409847 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. THE COLLEGE FOLLOWS GUIDELINES ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ON ACCOUNTING FOR INCOME TAXES AND HAS EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS, AND BELIEVES THAT NO PROVISION FOR INCOME TAX IS NECESSARY TO COVER ANY UNCERTAIN TAX POSITIONS. THE COLLEGE'S RETURN FOR TAX YEARS 2019 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 42,774. CHANGES IN SPLIT-INTEREST AGREEMENT -14,277. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 3,472,093. CHANGES IN VALUE OF INTEREST IN PERPETUAL TRUST -32,866. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 42,774. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS 3,472,093. 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 THE UNIVERSITY PARTICIPATES IN FEDERAL AND ILLINOIS FINANCIAL AID PROGRAMS. 1 SCHOLARSHIPS 389 3472093 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 0 0 0 0 0 0 0 0 0 GREGORY MEYER END 63024 PRESIDENT 220000 0 0 0 0 0 0 0 0 0 220000 0 0 0 SARAH MOUCH END 2224 VP OF ADMIN & FINANCE 156000 0 0 0 0 0 3250 0 5345 0 164595 0 0 0 A CENTRAL ILLINOIS ECONOMIC DEVELOPMENT AUTHORITY 273234464 2015-05-29 5000000 SEE PART VI 0 0 0 B CENTRAL ILLINOIS ECONOMIC DEVELOPMENT AUTHORITY 273234464 2018-08-31 4000000 SEE PART VI 0 0 0 A 1764951 5000000 76000 4924000 2016 1 0 1 1 B 2877506 4000000 22479 808112 553746 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 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. PART I, LINE B AND PART II, COLUMN B, LINES 3,7,10, AND 12 THE 2018 ISSUANCE WAS ORIGINALLY APPROVED FOR $4,000,000. SUBSEQUENT TO APPROVAL, THE COLLEGE DECIDED TO LIMIT ITS TAX EXEMPT BORROWING TO $1,384,337 AND TO BORROW THE REMAINING $2,615,663 ON A TAXABLE BASIS. FOR THIS REASON, LINES 7, 10, AND 12 WILL TOTAL $1,384,337. X 5 291536 STOCK MARKET X STORE CREDIT 1 18281 FAIR MARKET VALUE 0 1 0 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 -14,277. CHANGE IN VALUE OF INTEREST IN PERPETUAL TRUST 32,866.