Blackburn University
- Assets
- $69.4m
- Revenue
- $20.6m
- Investments
- $29.1m
- Employees
- 498
- Location
- Carlinville, IL
- Founding
- 11/1944
- Data as of
- 06/2020
- EIN
- 37-0661491
Organization Overview
Blackburn University, operating under the name Blackburn College, is located in Carlinville, IL. The organization was established in 1944. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Blackburn College employed 498 individuals. This organization is the central organization for a national or regional group of organizations. Blackburn College 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 06/2020, Blackburn College generated $20.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $19.9m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COMBINE LIBERAL ARTS EDUCATION & WORK PROGRAM TO PREPARE GRADUATES FOR CAREERS AND LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC PROGRAMS - 489 STUDENTS SERVED DURING THE FALL SEMESTER 2020; 417 STUDENTS SERVED DURING THE SPRING SEMESTER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Murray-Jensen President (end Dec 2020) | Officer | 50 | $230,000 |
John Mcclusky Provost | Officer | 50 | $141,074 |
Lauren Dodge VP Insitutional Advancemen | Officer | 50 | $112,247 |
Chris Burnley VP Administration & Finance | Officer | 50 | $107,634 |
Mark Biermann Provost/president (start Aug 2020) | Officer | 50 | $91,884 |
Michael Smiley Chair Bot | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Synapsis Inc Computer Systems | 6/29/21 | $985,970 |
Fresh Ideas Food Service | 6/29/21 | $710,020 |
Dsdd Solar Solar System Installer | 6/29/21 | $471,925 |
Fully Disbursed Llc Financial Aid Consulting | 6/29/21 | $124,715 |
Jun Construction Co General Contractor | 6/29/21 | $118,529 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,051,041 |
| Investment income | $158,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,472 |
| Net Rental Income | $228,936 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,655 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,572,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,729,997 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $678,887 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,681,869 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $810,778 |
| Payroll taxes | $437,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,733 |
| Fees for services: Other | $793,664 |
| Advertising and promotion | $31,682 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $438,085 |
| Travel | $171,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $305,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,164,980 |
| Insurance | $160,711 |
| All other expenses | $0 |
| Total functional expenses | $19,941,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,268,364 |
| Savings and temporary cash investments | $1,706 |
| Pledges and grants receivable | $19,481 |
| Accounts receivable, net | $405,418 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,294,782 |
| Inventories for sale or use | $56,127 |
| Prepaid expenses and deferred charges | $133,179 |
| Investments—publicly traded securities | $383,285 |
| Investments—other securities | $29,147,499 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,576,536 |
| Total assets | $69,417,787 |
| Accounts payable and accrued expenses | $1,462,484 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,515,392 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,554,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,634,239 |
| Total liabilities | $12,166,940 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $57,250,847 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Blackburn University has recieved totaling $83,345.
| Awarding Organization | Amount |
|---|---|
The Endeavor Foundation Inc New York, NY PURPOSE: CENTER FOR FACULTY DEVELOPMENT AND INCLUSIVE TEACHING | $50,000 |
Associated Colleges Of Illinois Inc Chicago, IL PURPOSE: Educational Activities | $13,700 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $12,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,019 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Endowment Analysis
| Beg. Balance | $26,320,519 |
| Earnings | $6,270,328 |
| Net Contributions | $2,601,325 |
| Other Expense | -$299,973 |
| Grants | $1,097,665 |
| Ending Balance | $34,394,480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin College Of Indiana Franklin, IN | $160,839,660 | $64,884,316 |
Quincy University Corporation Quincy, IL | $59,925,155 | $50,168,607 |
Wisconsin Lutheran College Milwaukee, WI | $138,651,339 | $53,572,867 |
Goshen College Inc Goshen, IN | $212,121,347 | $46,777,772 |
Huntington University Inc Huntington, IN | $88,113,397 | $42,138,482 |
Trinity Christian College Association Palos Heights, IL | $83,939,338 | $40,620,305 |
Marian University Inc Fond Du Lac, WI | $61,790,484 | $55,352,296 |
Greenville College Greenville, IL | $71,799,510 | $45,500,420 |
Clarke University Of Dubuque Iowa Dubuque, IA | $72,952,113 | $42,449,331 |
Bethel University Inc Mishawaka, IN | $48,689,339 | $40,006,041 |
Missouri Valley College Marshall, MO | $51,178,599 | $44,171,288 |
Milwaukee Institute Of Art And Design Inc Milwaukee, WI | $27,917,955 | $42,333,353 |