Lincoln Christian University
- Assets
- $26.4m
- Revenue
- $11.1m
- Investments
- $12.1k
- Employees
- 316
- Location
- Lincoln, IL
- Founding
- 12/1948
- Data as of
- 05/2022
- 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 05/2022, Lincoln Christian University employed 316 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 05/2022, Lincoln Christian University generated $11.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $11.5m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO NUTURE 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 DEGREES IN EDUCATION, BIBLE/BIBLICAL STUDIES AND THEOLOGY, PRE-NURSING, SCIENCE, BUSINESS ADMINISTRATION, SPORTS MANAGEMENT, CHILDREN'S MINISTRY, CHRISTIAN MINISTRY, COMMUNICATION STUDIES, INTERCULTURAL STUDIES, MEDIA ARTS & MINISTRY, PHILOSOPHY AND APOLOGETICS, PREACHING MINISTRY, PSYCHOLOGY, CHURCH HISTORY/HISTORICAL THEOLOGY, SPIRITUAL FORMATION AND MINISTRY, WORSHIP MINISTRY, YOUTH AND FAMILY MINISTRY, ORGANIZATIONAL LEADERSHIP, AND COUNSELING. DEGREES AWARDED ARE AT THE FOLLOWING LEVELS: CERTIFICATES, ASSOCIATES, BACHELORS, MASTERS, AND DOCTORATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Silas Mccormick President | OfficerTrustee | 40 | $87,594 |
Danielle Fields Vice President Of Finance | Officer | 40 | $64,584 |
Dan Veselsky Vice Chair | OfficerTrustee | 1 | $0 |
Pat Mcdonald Secretary | OfficerTrustee | 1 | $0 |
Tamsen Murray Chairperson | OfficerTrustee | 2 | $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 |
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 | $1,485 |
| Fundraising events | $23,200 |
| Related organizations | $0 |
| Government grants | $636,988 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,100,097 |
| Noncash contributions included in lines 1a–1f | $367,016 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,761,770 |
| Total Program Service Revenue | $7,349,543 |
| Investment income | $147,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,200 |
| Net Gain/Loss on Asset Sales | -$212,952 |
| Net Income from Fundraising Events | $5,204 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,063,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,309,498 |
| Grants and other assistance to Foreign Orgs/Individuals | $115,595 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $465,848 |
| Compensation of current officers, directors, key employees. | $151,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,720,149 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $643,207 |
| Payroll taxes | $255,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,460 |
| Fees for services: Accounting | $69,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,705 |
| Fees for services: Other | $219,209 |
| Advertising and promotion | $71,861 |
| Office expenses | $325,103 |
| Information technology | $339,147 |
| Royalties | $0 |
| Occupancy | $492,447 |
| Travel | $86,628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,123 |
| Interest | $355,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $835,553 |
| Insurance | $0 |
| All other expenses | $341 |
| Total functional expenses | $11,549,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,024,364 |
| Savings and temporary cash investments | $2,124,742 |
| Pledges and grants receivable | $165,428 |
| Accounts receivable, net | $2,065,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,721 |
| Prepaid expenses and deferred charges | $29,020 |
| Net Land, buildings, and equipment | $12,132,516 |
| Investments—publicly traded securities | $3,980,576 |
| Investments—other securities | $12,087 |
| Investments—program-related | $4,841,317 |
| Intangible assets | $0 |
| Other assets | $20,534 |
| Total assets | $26,403,234 |
| Accounts payable and accrued expenses | $399,244 |
| Grants payable | $0 |
| Deferred revenue | $421,514 |
| 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 | $8,457,166 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,089,882 |
| Total liabilities | $10,367,806 |
| Net assets without donor restrictions | $4,764,084 |
| Net assets with donor restrictions | $11,271,344 |
| 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 | $26,403,234 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Lincoln Christian University has recieved totaling $181,834.
| Awarding Organization | Amount |
|---|---|
Loftis Foundation Inc Fort Myers, FL PURPOSE: EXEMPT PURPOSE | $80,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $48,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $16,220 |
Woods Foundation Lincoln, IL PURPOSE: CHAPEL RENOVATION AND UNRESTRICTED | $10,000 |
Immi Word And Deed Foundation Inc Westfield, IN PURPOSE: FURTHERING THE SPREAD OF THE GOSPEL OF JESUS CHRIST | $10,000 |
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $8,000 |
Endowment Analysis
| Beg. Balance | $5,715,377 |
| Earnings | -$293,110 |
| Net Contributions | $193,371 |
| Grants | $192,956 |
| Ending Balance | $5,422,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Art Institute Kansas City, MO | $176,074,045 | $52,746,007 |
Christel House Academy Inc Indianapolis, IN | $13,789,684 | $29,066,462 |
Higher Learning Commission Chicago, IL | $30,215,357 | $14,566,348 |
Lincoln Christian University Lincoln, IL | $26,403,234 | $11,063,987 |
Wisconsin Association Of Independent Colleges And Universit Madison, WI | $20,602,047 | $4,896,137 |
Institute For American Universities Batavia, IL | $0 | $2,168,286 |
Ascendium Education Group Inc Madison, WI | $2,297,580,826 | $30,305,077 |
Kentucky Mountain Bible College Incorporated Jackson, KY | $9,330,725 | $2,960,534 |
Illini Media Company Champaign, IL | $660,510 | $954,260 |
Association Of Independent Kentucy College And Universities Inc Frankfort, KY | $2,396,023 | $1,175,464 |
Missourian Publishing Assn Inc Columbia, MO | $128,213 | $1,005,599 |
Taskin Educational Organization Rolling Meadows, IL | $5,195,736 | $2,445,320 |