Lincoln University

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.

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)Compensation
David M Gerlach PHD
President
$221,343
Greg A Eimer
V.P. For Finance
$119,311
Debbie Ackerman
V.P. Institutional Adv
$105,481
Tiffany Worth
V.P. For Finance
$85,661
Susan R Hoblit
Chair
$0
A Patrick Doolin
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jenzabar Lockbox
Software Maintenance
$208,763
Qubit Networks Llc
Network Maintenance
$121,475
View All Vendors

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

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Lincoln University has recieved totaling $92,885.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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

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