Lincoln University
- Assets
- $52.0m
- Revenue
- $25.9m
- Investments
- $0.0
- Employees
- 658
- Location
- Lincoln, IL
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 37-0661227
Organization Overview
Lincoln University is located in Lincoln, IL. The organization was established in 1942. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Lincoln University employed 658 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lincoln University generated $25.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $24.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LINCOLN COLLEGE UNIQUELY EMPOWERS STUDENTS TO REALIZE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINCOLN COLLEGE - LINCOLN CAMPUS - COLLEGE LEVEL ACADEMIC PROGRAM FOR APPROXIMATELY 634 FULL TIME EQUIVALENT STUDENTS
LINCOLN COLLEGE - NORMAL CAMPUS - COLLEGE LEVEL ACADEMIC PROGRAM FOR APPROXIMATELY 103 FULL TIME EQUIVALENT STUDENTS
AUXILIARY PROGRAMS - LINCOLN CAMPUS - STUDENT CENTER, HOUSING, & DINING HALL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Gerlach PHD President | Officer | 50 | $221,343 |
Greg A Eimer V.P. For Finance | Officer | 50 | $119,311 |
Debbie Ackerman V.P. Institutional Adv | 50 | $105,481 | |
Tiffany Worth V.P. For Finance | Officer | 50 | $85,661 |
Laura Beltchenko Second Vice-Chair | OfficerTrustee | 1 | $0 |
Lee E Komnick Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jenzabar Lockbox Software Maintenance | 6/29/21 | $208,763 |
Qubit Networks Llc Network Maintenance | 6/29/21 | $121,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,675 |
| Related organizations | $0 |
| Government grants | $4,952,889 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,144,770 |
| Noncash contributions included in lines 1a–1f | $73,593 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,169,334 |
| Total Program Service Revenue | $17,565,945 |
| Investment income | $214,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $307,930 |
| Net Gain/Loss on Asset Sales | $1,391,548 |
| Net Income from Fundraising Events | $3,045 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$15,466 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,875,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,462,827 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $478,096 |
| Compensation of current officers, directors, key employees. | $478,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,472,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,093,527 |
| Payroll taxes | $656,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,264 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,488 |
| Advertising and promotion | $344,166 |
| Office expenses | $943,944 |
| Information technology | $438,556 |
| Royalties | $0 |
| Occupancy | $1,309,191 |
| Travel | $206,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,725 |
| Interest | $270,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,510,691 |
| Insurance | $121,283 |
| All other expenses | $0 |
| Total functional expenses | $24,612,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,441 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $410,000 |
| Accounts receivable, net | $692,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,584 |
| Inventories for sale or use | $117,676 |
| Prepaid expenses and deferred charges | $416,570 |
| Net Land, buildings, and equipment | $39,325,190 |
| Investments—publicly traded securities | $7,941,302 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,808,137 |
| Total assets | $52,024,030 |
| Accounts payable and accrued expenses | $1,525,378 |
| Grants payable | $0 |
| Deferred revenue | $134,449 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,131,974 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,601,026 |
| Total liabilities | $7,392,827 |
| Net assets without donor restrictions | $22,302,403 |
| Net assets with donor restrictions | $22,328,800 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $52,024,030 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lincoln University has recieved totaling $92,885.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $64,793 |
Woods Foundation Lincoln, IL PURPOSE: UNRESTRICTED | $11,400 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,434 |
Core Construction Foundation Peoria, IL PURPOSE: CHARITABLE | $5,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,258 |
Endowment Analysis
| Beg. Balance | $19,412,051 |
| Earnings | $6,356,805 |
| Net Contributions | $160,830 |
| Other Expense | $3,766,886 |
| Ending Balance | $22,162,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ranken Technical College St Louis, MO | $130,223,439 | $47,100,026 |
Midway University Inc Midway, KY | $66,224,424 | $32,615,868 |
Lincoln University Lincoln, IL | $52,024,030 | $25,875,577 |
Holy Cross College Inc Notre Dame, IN | $53,093,799 | $27,179,393 |
Cottey College Nevada, MO | $140,381,856 | $25,014,106 |
St Augustine College Chicago, IL | $15,853,961 | $18,146,895 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |
Pierce Mortuary Colleges Inc Broadview, IL | $14,603,316 | $16,634,477 |
College Of The Menominee Nation Keshena, WI | $15,783,806 | $11,637,458 |
Lac Courte Oreilles Ojibwe College Hayward, WI | $16,000,980 | $10,229,989 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Kirkwood Community College Foundation Cedar Rapids, IA | $43,540,342 | $11,748,704 |