Lincoln Christian University
- Assets
- $18.2m
- Revenue
- $800.9k
- Investments
- $86.1k
- Employees
- 234
- Location
- Lincoln, IL
- Founding
- 12/1948
- Data as of
- 05/2023
- EIN
- 37-0711798
Organization Overview
Lincoln Christian University is located in Lincoln, IL. The organization was established in 1948. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 05/2023, Lincoln Christian University employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Christian 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 05/2023, Lincoln Christian University generated $800.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (29.1%) each year. All expenses for the organization totaled $5.1m during the year ending 05/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE AND EQUIP CHRISTIANS WITH A BIBLICAL WORLDVIEW TO SERVE AND LEAD IN THE CHURCH AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINCOLN CHRISTIAN UNIVERSITY IS A CHRISTIAN HIGHER EDUCATION COMMUNITY WHOSE MISSION IS TO NURTURE AND EQUIP CHRISTIANS WITH A BIBLICAL WORLDVIEW TO SERVE AND LEAD IN THE CHURCH AND THE WORLD. LCU OFFERS BACHELOR OF ARTS DEGREES IN BIBLICAL STUDIES AND CHRISTIAN MINISTRY; MASTER OF ARTS DEGREES IN BIBLICAL STUDIES, THEOLOGY, BIBLE & THEOLOGY, COUNSELING, MINISTRY, AND ORGANIZATIONAL LEADERSHIP; AND A MASTER OF DIVINITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Roger Clark Trustee (beg 5/5/23) | Trustee | 1 | $0 |
Dr Karen Diefendorf Trustee (beg 5/5/23) | Trustee | 1 | $0 |
Dr Tanner Green Vice Chair (chair - Beg 5/5/23) | OfficerTrustee | 1 | $0 |
Dr Tamsen Murray Chairperson (thru 5/5/23) | OfficerTrustee | 2 | $0 |
Greg Taylor Trustee (beg 5/5/23) | Trustee | 1 | $0 |
Brett Anderson Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Food Service | 5/30/20 | $437,355 |
Clear Design Group Marketing | 5/30/20 | $168,000 |
Integrity Technology Solutions Technology Advice & Planning, Network Se | 5/30/20 | $105,162 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30 |
| Fundraising events | $42,309 |
| Related organizations | $0 |
| Government grants | $18,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,928,950 |
| Noncash contributions included in lines 1a–1f | $6,992 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,989,636 |
| Total Program Service Revenue | $2,337,642 |
| Investment income | $121,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,857 |
| Net Gain/Loss on Asset Sales | -$3,742,999 |
| Net Income from Fundraising Events | -$5,007 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $469,008 |
| Grants and other assistance to Foreign Orgs/Individuals | $64,618 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $346,836 |
| Compensation of current officers, directors, key employees. | $148,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,586,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $405,731 |
| Payroll taxes | $127,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,480 |
| Fees for services: Accounting | $116,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,847 |
| Fees for services: Other | $84,099 |
| Advertising and promotion | $40,174 |
| Office expenses | $75,269 |
| Information technology | $262,700 |
| Royalties | $0 |
| Occupancy | $292,008 |
| Travel | $39,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,329 |
| Interest | $105,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $578,779 |
| Insurance | $0 |
| All other expenses | $14,201 |
| Total functional expenses | $5,144,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,050,953 |
| Savings and temporary cash investments | $2,580,325 |
| Pledges and grants receivable | $147,064 |
| Accounts receivable, net | $1,058,097 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $181,352 |
| Inventories for sale or use | $6,721 |
| Prepaid expenses and deferred charges | $16,787 |
| Net Land, buildings, and equipment | $2,366,439 |
| Investments—publicly traded securities | $3,794,294 |
| Investments—other securities | $86,095 |
| Investments—program-related | $6,463,268 |
| Intangible assets | $0 |
| Other assets | $401,606 |
| Total assets | $18,153,001 |
| Accounts payable and accrued expenses | $184,093 |
| Grants payable | $0 |
| Deferred revenue | $164,637 |
| 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 | $3,125,025 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,052,939 |
| Total liabilities | $4,526,694 |
| Net assets without donor restrictions | $952,745 |
| Net assets with donor restrictions | $12,673,562 |
| 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 | $18,153,001 |