2024-05-15T19:12:26-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-07-01 231352655 LINCOLN UNIVERSITY LINC 4843658000 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 WILBOURNE RUSERE VP OF FINANCE & ADMINISTRATION 4843658000 2024-05-15 1 WILBOURNE RUSERE 999009999 0 LAURA J KENNEY P00202198 6177170831 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILBOURNE RUSERE 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 60619106 0 X WWW.LINCOLN.EDU X UNIVERSITY 1854 PA LINCOLN UNIVERSITY IS A PREMIER, HISTORICALLY BLACK UNIVERSITY THAT COMBINES THE BEST ELEMENTS OF A LIBERAL ARTS AND SCIENCES BASED UNDERGRADUATE CORE CURRICULUM, AND SELECTED GRADUATE PROGRAMS TO MEET THE NEEDS OF THOSE LIVING IN A HIGHLY TECHNOLOGICAL AND GLOBAL SOCIETY. 28 27 918 250 493631 521136 19321590 20754938 54728584 37611485 9124 2601 1093950 1891768 75153248 60260792 1442598 2409704 0 0 33815002 33961272 0 0 1338208 34883808 36470008 70141408 72840984 5011840 -12580192 304892420 305378364 37658242 38284513 267234178 267093851 X LINCOLN UNIVERSITY IS A PREMIER, HISTORICALLY BLACK UNIVERSITY THAT COMBINES THE BEST ELEMENTS OF A LIBERAL ARTS AND SCIENCES BASED UNDERGRADUATE CORE CURRICULUM, AND SELECTED GRADUATE PROGRAMS TO MEET THE NEEDS OF THOSE LIVING IN A HIGHLY TECHNOLOGICAL AND GLOBAL SOCIETY. 0 0 47682561 2409704 37611485 EDUCATION, GENERAL/OTHER: ACADEMIC SUPPORT, STUDENT SERVICES AND SCHOLARSHIPS. THESE PROGRAMS PROVIDE GENERAL SUPPORT TO STUDENTS FOR HOUSING, FINANCIAL AID, COUNSELING, HEALTH INSURANCE AND STUDENT GOVERNMENT, INSTRUCTION AND LIBRARY, AUXILIARY ENTERPRISES, THE COST OF STUDENT HOUSING AND MEALS, RESEARCH AND SPONSORED PROGRAMS PRIMARILY CONSISTING OF GRANTS FUNDED BY FEDERAL, STATE AND LOCAL GOVERNMENTS TO SUPPORT THE UNIVERSITY'S INSTRUCTIONAL MISSION. 47682561 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 303 0 1 918 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X X X WILBOURNE RUSERE 4843658000 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 19352 DR BRENDA ALLEN PRESIDENT 37.50 2.50 X X 436092 0 110467 GERALD BRUCE CHAIR 0.25 4.00 X X 0 0 0 JAMES W JORDAN VICE CHAIR 0.25 0.00 X X 0 0 0 JALILA PARKER SECRETARY 0.25 0.00 X X 0 0 0 HENRY M LANCASTER II PARLIMENTARIAN 0.25 0.00 X X 0 0 0 DR KAREN BASKERVILLE TRUSTEE - FACULTY REPRESENTATIVE 0.25 0.00 X 0 0 0 ROBERT A ALLEN TRUSTEE 0.25 0.00 X 0 0 0 ROBERT L ARCHIE TRUSTEE 0.25 0.00 X 0 0 0 STEVEN BOARD TRUSTEE 0.25 0.00 X 0 0 0 OWEN COOKS TRUSTEE 0.25 0.00 X 0 0 0 VAN CORBIN TRUSTEE 0.25 0.00 X 0 0 0 HONORABLE DR ANDREW E DINNIMAN TRUSTEE 0.25 0.00 X 0 0 0 WILLIAM F DUNBAR TRUSTEE 0.25 0.00 X 0 0 0 MICHAEL HANCOCK TRUSTEE 0.25 0.00 X 0 0 0 LISA MB JOHNSON TRUSTEE 0.25 0.00 X 0 0 0 NANDI JONES-CLEMENT TRUSTEE 0.25 0.00 X 0 0 0 STEVEN KENRIC LEWIS TRUSTEE 0.25 0.00 X 0 0 0 KIMBERLY A LLOYD TRUSTEE (UNTIL 7/22) 0.25 0.00 X 0 0 0 FELICIA A MCDADE TRUSTEE (UNTIL 7/22) 0.25 0.00 X 0 0 0 REV DR FRANCES E PAUL TRUSTEE 0.25 0.00 X 0 0 0 DR CHARMAINE SPENCE ROCHESTER TRUSTEE 0.25 0.00 X 0 0 0 JOSE SABASTRO TRUSTEE 0.25 0.00 X 0 0 0 KATE M SHAW TRUSTEE 0.25 0.00 X 0 0 0 SANDRA F SIMMONS TRUSTEE 0.25 0.00 X 0 0 0 KEVIN E VAUGHAN TRUSTEE 0.25 0.00 X 0 0 0 COREY D B WALKER TRUSTEE 0.25 0.00 X 0 0 0 JOSEPH V WILLIAMS JR TRUSTEE 0.25 0.00 X 0 0 0 GREGORY WORKS TRUSTEE 0.25 0.00 X 0 0 0 CHARLES GRADOWSKI VP FOR FINANCE & ADMINISTRATION 37.50 2.50 X 192962 0 29802 JAKE TANKSLEY VP FOR HUMAN RESOURCES 37.50 0.00 X 143046 0 24757 DR LENETTA LEE VP FOR STUDENT SUCCESS 37.50 0.00 X 185711 0 20842 JUSTIN MCKENZIE CHIEF INFORMATION OFFICER 37.50 0.00 X 142304 0 2003 DR TIFFANY LEE CHIEF OPERATING OFFICER 37.50 0.00 X 144401 0 24981 DR PATRICIA JOSEPH DEAN OF THE FACULTY 37.50 0.50 X 184428 0 28727 AVA WILLIS BARKSDALE FOUNDATION DIRECTOR 2.50 37.50 X 226268 0 30643 DR KEVIN FAVOR PROFESSOR 37.50 0.00 X 173509 0 17177 YEDA L AUTEN-ARSCOTT ASSOCIATE VP OF FACILITIES 37.50 0.00 X 161706 0 16070 DR WILLIAM DADSON PROFESSOR 37.50 0.00 X 150566 0 21637 ROBERT MILLETTE PROFESSOR 37.50 0.00 X 127553 0 26964 DANA FLINT INTERIM CHAIR & PROFESSOR 37.50 0.00 X 130029 0 23501 2398575 0 377571 51 0 1 0 ARAMARK MANAGEMENT SERVICES 1741 BUSINESS CENTER DRIVE RESTON VA 20190 FACILITIES MAINTENANCE CONTRACT 8130338 THOMPSON HOSPITALITY 505 HUNTMAR PARK DRIVE SUITE 350 HERNDON VA 20170 FOOD SERVICE PROVIDER 7135758 CDW GOVERNMENT INC 230 N MILWAUKEE AVE VERNON HILLS IL 60061 SUPPLIES 2329566 AMERICA EXPRESS COMPANY AMEX REMITTANCE PROC CARSON CA 90746 CREDIT CARD SERVICES 1751629 IPFS CORPORATION 67 MILLBROOK ST SUITE 508 WORCESTER MA 01606 INSURANCE 1098212 49 3258118 15166000 2330820 20754938 ROOM AND BOARD 611310 16448465 16448465 TUITION AND FEES 611310 15883238 15883238 CONTRACTS & SPONSORED ACTIVITIES 611310 5279782 5279782 37611485 2601 2601 733128 0 733128 733128 577633 155495 274312 358314 -84002 -84002 1242642 1242642 1242642 60260792 38854127 493631 158096 X 2409704 2409704 1655212 370139 840759 444314 24076169 17101167 6642650 332352 2147994 1416449 678016 53529 4059599 2401215 1560977 97407 2022298 1317327 648651 56320 19544 19544 361418 361418 14316281 12642135 1618262 55884 513402 58738 436975 17689 2832160 1792088 819243 220829 256066 233942 22124 5591343 5573331 11530 6482 515721 496740 18981 1506480 1190098 265317 51065 1848972 1846735 2237 6762452 6762452 1253403 1253403 MAINTENANCE 692766 679488 13178 100 72840984 47682561 23820215 1338208 4613993 871304 2989420 1885177 3121457 4939049 1030531 1720423 199384 201389 851224 812507 412804633 168157642 238887521 244646991 47842082 47509248 5356808 2792276 304892420 305378364 7280983 5926887 1902523 1984523 22168789 23690420 3108563 2273996 1537008 1218035 1660376 3190652 37658242 38284513 X 38434186 30872568 228799992 236221283 267234178 267093851 304892420 305378364 X -12580192 5622798 -650487 8710196 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 48966813 537499 5552607 1030282 -102926 54129563 57097013 309448 -7207298 1442598 -210248 48966813 45469662 341529 12464918 1279096 -100000 57097013 45713731 322491 846288 709808 703040 45469662 42137327 -48049 5133887 1403719 105715 45713731 0.10700 0.55100 0.34200 0 0 1753058 1753058 332171673 128510084 203661589 32856303 19768362 13087941 18420743 10774008 7646735 27602856 9105188 18497668 244646991 47509248 F 47509248 STUDENT DEPOSITS 837480 ASSET RETIREMENT OBLIGATION 632751 GOVERNMENT ADVANCES OF STUDENT LOANS 1720421 3190652 79835050 5622798 15194102 20816900 59018150 0 59018150 79324890 6483906 6483906 72840984 0 72840984 PART III, LINE 1A: THE UNIVERSITY MAINTAINS COLLECTIONS OF ART AND LITERATURE. THE COLLECTIONS WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION AND ARE NOT RECOGNIZED AS ASSETS IN THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE ITEMS' ACQUITION YEAR, OR AS NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE DONOR RESTRICTED. CONTRIBUTED ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM THE DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF SIGNIFICANT HISTORICAL ARTIFACTS, SCIENTIFIC SPECIMENS AND ART OBJECTS THAT ARE HELD FOR EDUCATION, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. COLLECTIONS ARE SUBJECT TO POLICIES REQUIRING PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER COLLECTIONS ITEMS OR THE DIRECT CARE OF THE REMAINING COLLECTION. THE UNIVERSITY DEFINES DIRECT CARE AS ACTIVITIES TO ENHANCE THE LIFE, USEFULNESS, AND/OR QUALITY OF THE COLLECTION, THEREBY ENSURING THAT IT WILL CONTINUE TO BENEFIT THE PUBLIC. PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, SCIENTIFIC SPECIMENS AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. PART V, LINE 4: ENDOWMENT FUNDS ARE PRIMARILY ALLOCATED FOR FINANCIAL ASSISTANCE FOR STUDENTS ATTENDING THE UNIVERSITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: STATE CONTRIBUTIONS FOR CAPITAL PROJECTS 14,445,848. ENDOWMENT CONTRIBUTIONS 537,499. BENEFICIAL INTEREST WITH LINCOLN UNIVERSITY FOUNDATION 210,755. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION OF STATE CONTRIBUTED ASSETS 6,483,906. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S RACIAL, NONDISCRIMINATORY POLICY IS PUBLISHED IN THE STUDENT HANDBOOK AND MEDIA ADVERTISEMENTS. THE NONDISCRIMINATORY POLICY WITH REGARD TO STUDENTS IS POSTED TO THE UNIVERSITY'S WEBSITE HOMEPAGE. SCHEDULE E, PART I, LINE 6 SCHEDULE E, PART I, LINE 6 - AS A STATE-RELATED UNIVERSITY, LINCOLN UNIVERSITY RECEIVES DIRECT APPROPRIATION FROM THE COMMONWEALTH OF PENNSYLVANIA. ADDITIONALLY, STUDENTS RECEIVE STATE AND TITLE IV FEDERAL AID THAT IS PAYABLE TO THE UNIVERSITY AND APPLIED TO STUDENTS' TUITION AND FEES. TITLE IV AID INCLUDES PELL GRANTS, SEOG, AND ACG; ALONG WITH FEDERAL LOANS. STATE AID FROM THE COMMONWEALTH INCLUDE PHEAA GRANTS. 1 SCHOLARSHIPS 457 2409704 PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. X X 1 1 X X 0 0 0 0 0 0 0 0 0 DR BRENDA ALLEN PRESIDENT 436092 0 0 0 0 0 30500 0 79967 0 546559 0 0 0 AVA WILLIS BARKSDALE FOUNDATION DIRECTOR 226268 0 0 0 0 0 21075 0 9568 0 256911 0 0 0 CHARLES GRADOWSKI VP FOR FINANCE & ADMINISTRATION 192962 0 0 0 0 0 19380 0 10422 0 222764 0 0 0 DR PATRICIA JOSEPH DEAN OF THE FACULTY 184428 0 0 0 0 0 18360 0 10367 0 213155 0 0 0 DR LENETTA LEE VP FOR STUDENT SUCCESS 185711 0 0 0 0 0 9684 0 11158 0 206553 0 0 0 DR KEVIN FAVOR PROFESSOR 173509 0 0 0 0 0 17177 0 0 0 190686 0 0 0 YEDA L AUTEN-ARSCOTT ASSOCIATE VP OF FACILITIES 161706 0 0 0 0 0 16070 0 0 0 177776 0 0 0 DR WILLIAM DADSON PROFESSOR 150566 0 0 0 0 0 10575 0 11062 0 172203 0 0 0 DR TIFFANY LEE CHIEF OPERATING OFFICER 144401 0 0 0 0 0 14559 0 10422 0 169382 0 0 0 JAKE TANKSLEY VP FOR HUMAN RESOURCES 143046 0 0 0 0 0 14557 0 10200 0 167803 0 0 0 ROBERT MILLETTE PROFESSOR 127553 0 0 0 0 0 13418 0 13546 0 154517 0 0 0 DANA FLINT INTERIM CHAIR & PROFESSOR 130029 0 0 0 0 0 13079 0 10422 0 153530 0 0 0 PART I, LINE 1A PRESIDENT IS CONTRACTUALLY REQUIRED TO RESIDE ON CAMPUS. PRESIDENT'S RESIDENCE IS ALSO USED FOR VARIOUS UNIVERSITY AND BOARD FUNCTIONS. HOUSEKEEPING AND MAINTENANCE ARE PROVIDED FOR BY THE UNIVERSITY AND ARE DEEMED NONTAXABLE. A PNC BANK NATIONAL ASSN 2013-10-03 29426858 ADV. REFUND-PA ECONDEVFINAUTH REVBONDS SER. 2004A AND ISSUANCE COST OF 2013A 0 0 0 A 29426858 29253305 173553 2016 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION A, LINE 7A THE COMMONWEALTH OF PENNSYLVANIA APPOINTS THE FOLLOWING VOTING MEMBERS UNTO THE BOARD. THE GOVERNOR OF PENNSYLVANIA APPOINTS FIVE MEMBERS INCLUDING HIM/HERSELF. THE PENNSYLVANIA STATE SENATE AND THE PENNSYLVANIA HOUSE OF REPRESENTATIVES EACH APPOINTS FOUR. THE UNIVERSITY'S ALUMNI ASSOCIATION NOMINATES SIX MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED ELECTRONICALLY TO THE FULL BOARD PRIOR TO FILING AND IS ALSO POSTED ON THE UNIVERSITY'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MONITORS AND TRACKS COMPLIANCE WITH THE UNIVERSITY'S BY-LAWS CONFLICT OF INTEREST STATEMENT. ISSUANCE AND COLLECTION OF YEARLY STATEMENTS ARE COORDINATED WITH THE VICE PRESIDENT OF FINANCE & ADMINISTRATION. THE CHAIRS OF THE BOARD AND OF THE AUDIT COMMITTEE ARE PROVIDED WITH COPIES OF ALL STATEMENTS. ENFORCEMENT OF THE POLICY AND OVERSIGHT OF ANY REPORTED CONFLICTS ARE ADJUDICATED BY THE TWO CHAIRS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD SETS AND APPROVED THE PRESIDENT'S COMPENSATION. ALL OTHER EMPLOYEE COMPENSATION IS ADMINISTERED BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT THROUGH THE UNIVERSITY'S BUDGET PROCESS. THE BOARD AND VARIOUS BOARD COMMITTEES ARE PROVIDED WITH THE YEARLY OPERATING AND CAPITAL BUDGET DETAILS, WHICH ARE REVIEWED AND APPROVED BY A BOARD RESOLUTION. AN INDEPENDENT COMMITTEE OF TRUSTEES USED APPROPRIATE, COMPARABLE COMPENSATION DATA AND THE DELIBERATIONS AND DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING ARE POSTED ON THE UNIVERSITY'S WEBSITE: UNIVERSITY'S BY-LAWS, UNIVERSITY POLICIES, ALL PASSED BOARD OF TRUSTEES RESOLUTIONS, BOARD OF TRUSTEES MEETING MINUTES, A LISTING OF ALL BOARD MEMBERS, A LISTING OF THE UNIVERSITY'S FIVE HIGHEST PAID EMPLOYEES, AND THE IRS FORM 990. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 12,642,135. MANAGEMENT AND GENERAL EXPENSES 1,618,262. FUNDRAISING EXPENSES 55,884. TOTAL EXPENSES 14,316,281. FORM 990, PART XI, LINE 9: STATE CONTRIBUTIONS FOR CAPITAL PROJECTS 14,445,848. ENDOWMENT CONTRIBUTIONS 537,499. DEPRECIATION OF STATE CONTRIBUTED ASSETS -6,483,906. BENEFICIAL INTEREST WITH LINCOLN UNIVERSITY FOUNDATION 210,755. LINCOLN UNIVERSITY FOUNDATION OF PA 1570 BALTIMORE PIKE LINCOLN UNIVERSITY PA 193520999 842085409 FUNDRAISING FOR THE UNIVERSITY PA 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0