2026-03-04T09:59:34-06:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 362270695 EMMAUS BIBLE COLLEGE EMMA 5635888000 2570 ASBURY ROAD DUBUQUE IA 52001 PHILIP BOOM PRESIDENT 5635888000 2026-03-04 1 1 SARA TIBBOTT P01486965 5055022746 2026-03-04 2024 2025-03-06 01:10:19Z EMMAUS UNIVERSITY PHILIP BOOM 2570 ASBURY ROAD DUBUQUE IA 52001 9260333 0 X WWW.EMMAUS.EDU X 1947 IL TO GLORIFY GOD BY EDUCATING AND EQUIPPING LEARNERS TO IMPACT THE WORLD FOR CHRIST. 16 15 282 19 0 0 2257949 2639872 4820383 6009863 165953 279043 37971 44497 7282256 8973275 1639207 2128099 0 0 4415835 4396805 0 16445 251039 2485062 2709639 8540104 9250988 -1257848 -277713 12108621 11317891 1896884 1300788 10211737 10017103 X EMMAUS BIBLE COLLEGE EXISTS TO GLORIFY GOD BY EDUCATING AND EQUIPPING LEARNERS TO IMPACT THE WORLD FOR CHRIST THROUGH FAITHFUL AND EFFECTIVE SERVICE IN THEIR MINISTRIES, PROFESSIONS, AND COMMUNITIES. (CONTINUED ON SCHEDULE O)THE COLLEGE OFFERS ACADEMIC PROGRAMS IN BIBLICAL STUDIES, TEACHER EDUCATION, EDUCATIONAL MINISTRIES, COUNSELING PSYCHOLOGY, BUSINESS ADMINISTRATION, COMPUTER INFORMATION SYSTEMS, AND INTERCULTURAL STUDIES. 0 0 6796768 2128099 4184062 EMMAUS BIBLE COLLEGE (DBA EMMAUS UNIVERSITY) OFFERS UNDERGRADUATE ACADEMIC PROGRAMS, MAJORS, AND MINORS IN PERSON IN BIBLE & THEOLOGY, EDUCATIONAL MINISTRIES, INTERCULTURAL STUDIES, TEACHER EDUCATION, COUNSELING PSYCHOLOGY, BUSINESS ADMINISTRATION, MATHEMATICS, COMPUTER STUDIES, HEALTH SCIENCES, ARCHAEOLOGY, ENGLISH, HISTORY, AND MUSIC. THE COLLEGE ALSO OFFERS ACADEMIC UNDERGRADUATE PROGRAMS AND MAJORS IN BIBLE & THEOLOGY, AS WELL AS A MASTER'S DEGREE IN BIBLE & MINISTRY FULLY ONLINE. EMMAUS PARTICIPATES IN THE NATIONAL CHRISTIAN COLLEGE ATHLETIC ASSOCIATION IN MEN'S & WOMEN'S BASKETBALL, MEN'S & WOMEN'S CROSS COUNTRY, MEN'S SOCCER, AND WOMEN'S BASKETBALL. ALMOST ALL STUDENTS WHO TAKE CLASSES IN PERSON PARTICIPATE IN INTRAMURAL SPORTS AND IN STUDENT LIFE ACTIVITIES. (CONTINUED ON SCHEDULE O)DURING FISCAL YEAR 2025, 296 STUDENTS RECEIVED HIGHER EDUCATION. 991183 1854874 THE UNIVERSITY PROVIDED ROOM AND BOARD TO APPROXIMATELY 185 STUDENTS DURING THE FISCAL YEAR. OTHER ON CAMPUS AUXILIARY ENTERPRISES AVAILABLE TO STUDENTS INCLUDE A COFFEE SHOP, CAFE AND TEXTBOOK SALES. 7787951 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 354 0 1 282 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI NH SC WI X LAUREL RASMUSSEN 5635888000 2570 ASBURY ROAD DUBUQUE IA 52001 PHILIP BOOM PRESIDENT 40.00 X X 115684 0 3989 STEVEN L LEARY CHAIRMAN 2.30 X X 0 0 0 WILLIAM GUSTOFF VICE CHAIRMAN 2.30 X X 0 0 0 MATTHEW PHELAN SECRETARY 2.30 X X 0 0 0 DAN MEARNS TREASURER 2.30 X X 0 0 0 MARK BARINOWSKI TRUSTEE 0.60 X 0 0 0 DAVID S HARPER TRUSTEE 0.60 X 0 0 0 CHAD LEGEL TRUSTEE 0.60 X 0 0 0 WILLIAM LONGSTREET TRUSTEE 0.60 X 0 0 0 JULIO MOREL TRUSTEE 0.60 X 0 0 0 DR STEVEN PRICE TRUSTEE 0.60 X 0 0 0 FREDERICK F SCHWERTFEGER TRUSTEE 0.60 X 0 0 0 BENJAMIN SCRIPTURE TRUSTEE 0.60 X 0 0 0 IAN S TAYLOR TRUSTEE 0.60 X 0 0 0 ABRAHAM THOMAS TRUSTEE 0.60 X 0 0 0 ROBERT WARNER TRUSTEE 0.60 X 0 0 0 ISRAEL CHAVEZ VICE PRESIDENT OF STUDENT LIFE 40.00 X 90052 0 5296 TOM KOOK VICE PRESIDENT OF ENROLLMENT/MKTG 40.00 X 103952 0 18409 JOSEPH ABDY VICE PRESIDENT FOR ADMIN/FINANCE 40.00 X 86481 0 24174 RAJU KUNJUMMEN VP FOR ACADEMIC AFFAIRS (PART YEAR) 40.00 X 43216 0 874 CHAD CUNNINGHAM VICE PRESIDENT OF ADVANCEMENT 40.00 X 75185 0 18138 JOEL CARTER VICE PRESIDENT FOR ACADEMIC AFFAIRS 40.00 X 61860 0 1174 576430 0 72054 2 0 0 0 WESTPHAL & CO INC 750 CEDAR CROSS RD DUBUQUE IA 52003 ELECTRICAL CONTRACTOR 166354 1 10125 2629747 26366 2639872 TUITION & FEES 900099 4184062 4184062 AUXILIARY INCOME 900099 1765097 1765097 BOOKSTORE SALES 900099 60704 60704 6009863 281260 281260 35744 14642 21102 21102 21102 261896 260028 4085 1868 -4085 -2217 -2217 2625 10125 8303 -5678 -5678 29073 29073 29073 8973275 6038936 0 294467 2128099 2128099 616384 499621 95274 21489 28169 28169 3085875 2576280 410990 98605 34379 23275 9043 2061 384640 269338 93738 21564 247358 200946 37517 8895 21198 21198 45511 45511 16445 16445 9093 5378 3111 604 369783 267883 88247 13653 157143 157143 183509 112804 35501 35204 29541 22749 5734 1058 341411 341411 178736 148154 9469 21113 112194 94866 12485 4843 41567 41567 340063 301166 38285 612 8585 6229 1920 436 FOOD EXPENSE 489367 486155 3184 28 PERMIT & LICENSES 70753 54486 13733 2534 DUES AND SUBSCRIPTIONS 49338 44437 4901 ASSESSMENT 7591 5846 1473 272 254256 198828 53805 1623 9250988 7787951 1211998 251039 319170 86099 1216750 900530 40082 31849 72484 125178 151037 99341 13959143 9099050 4981594 4860093 1706551 1727632 3620953 3487169 12108621 11317891 535089 511475 74031 78848 982884 521965 10400 10400 294480 178100 1896884 1300788 X 4935131 4947421 5276606 5069682 10211737 10017103 12108621 11317891 X -277713 152188 -69109 X 0 1 X 1 1 1 X 3919389 3402864 3962699 2257949 2639872 16182773 3919389 3402864 3962699 2257949 2639872 16182773 2876150 13306623 22230 256708 205155 206358 317004 1007455 53398 183563 43467 20819 29073 330320 17520548 23832157 0.75950 0.75990 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2020 AMOUNT: $ 53,398. 2021 AMOUNT: $ 183,563. 2022 AMOUNT: $ 43,467. 2023 AMOUNT: $ 20,819. 2024 AMOUNT: $ 29,073. SCHEDULE A, PART II THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1459572 8900 125533 73907 1520098 1402095 21175 130368 94066 1459572 1533465 50750 94839 276959 1402095 1684953 5950 -137338 20100 1533465 1520110 15949 248971 100077 1684953 0.01350 0.98650 0.00000 0 0 1078347 1078347 9082361 6077371 3004990 2201282 1931464 269818 1597153 1090215 506938 4860093 BENEFICIAL INTEREST IN TRUSTS 2827181 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 239909 ASSETS HELD FOR BOARD DESIGNATED RESERVES 250000 ASSETS HELD FOR CAPITAL PROJECTS 170079 3487169 ANNUITIES PAYABLE 48303 LIABILITIES UNDER CHARITABLE REMAINDER TRUSTS 129797 178100 6942107 152188 -46164 106024 6836083 9093 2128099 2137192 8973275 7136741 22945 22945 7113796 9093 2128099 2137192 9250988 PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF 30 FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING STUDENT AID AND UNIVERSITY OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -63,398. CHANGE IN VALUE OF ANNUITIES AND TRUSTS -5,711. FUNDRAISING EXPENSES 8,303. RENTAL EXPENSES 14,642. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,128,099. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 8,303. RENTAL EXPENSES 14,642. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,128,099. 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 ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF ITS WEBSITE AT ALL TIMES DURING ITS TAX YEAR IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS. LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE ORGANIZATION RECEIVED FINANCIAL ASSISTANCE FROM THE DEPARTMENT OF EDUCATION FINANCIAL AID PROGRAMS. X X X X X X 1 LEAD 635 CASTLE RIDGE DR WENTZVILLE MO 63385 FUNDRAISING CONSULTING 0 2621116 16445 2604672 2621116 16445 2604672 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 FINANCIAL AID 205 2128099 PART I, LINE 2: THE UNIVERSITY HAS A LIMITED AMOUNT OF FUNDS AVAILABLE EACH YEAR TO BE USED FOR STUDENT AID IN THE FORM OF SCHOLARSHIPS. EACH SCHOLARSHIP HAS CLEARLY DEFINED ELIGIBILITY REQUIREMENTS. SOME SCHOLARSHIPS SUCH AS ACADEMIC MERIT ARE AUTOMATICALLY AWARDED IF ELIGIBLE CRITERIA ARE MET. IN OTHER CASES STUDENTS MAKE APPLICATIONS FOR EACH SCHOLARSHIP THEY WISH TO BE CONSIDERED. THE DIRECTOR OF FINANCIAL AID AND/OR COMMITTEE REVIEWS SCHOLARSHIP APPLICATIONS AND AWARDS SCHOLARSHIPS. NO CASH CHANGES HANDS AND FUNDS ARE DIRECTLY TIED TO STUDENT ACCOUNTS. NATHAN PHELAN FAMILY MEMBER OF MATTHEW PHELAN, SECRETARY 11122 WAGES AND BENEFITS 0 X 852 MARKET VALUE X 2 25514 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF NOT LESS THAN SEVEN TRUSTEES, A MAJORITY OF WHOM SHALL CONSTITUTE A QUORUM, AND INCLUDING THE CHAIRMAN OF THE BOARD, VICE-CHAIRMAN OF THE BOARD, THE PRESIDENT, SECRETARY, AND TREASURER. THE MEMBERS OF THIS COMMITTEE SHALL BE APPOINTED BY THE BOARD OF TRUSTEES AT ITS ANNUAL MEETING. THE CHAIRMAN OF THE BOARD SHALL ALSO BE THE CHAIRMAN OF THE EXECUTIVE COMMITTEE AND IN HIS ABSENCE, THE VICE-CHAIRMAN SHALL SIT IN HIS PLACE. THE EXECUTIVE COMMITTEE SHALL AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES DURING THE INTERIM BETWEEN REGULAR MEETINGS OF THE BOARD PROVIDED THAT SUCH COMMITTEE SHALL NOT HAVE THE AUTHORITY OF THE BOARD OF TRUSTEES IN REFERENCE TO (I) AMENDING, ALTERING OR REPEALING THEIR BYLAWS; (II) ELECTING, APPOINTING OR REMOVING ANY TRUSTEE; (III) AMENDING THE CHARTER; (IV) ADOPTING A PLAN OF MERGER OR CONSOLIDATION WITH ANOTHER CORPORATION; (V) AUTHORIZING THE SALE, LEASE, EXCHANGE OR MORTGAGE OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION; (VI) AUTHORIZING THE VOLUNTARY DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT. THE FORM 990 IS FILED AFTER ALL BOARD COMMENTS ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND OFFICERS ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN THAT THEY ARE IN COMPLIANCE. THE ETHICS COMMITTEE REVIEWS ALL THE TRUSTEE AND OFFICER CONFLICT OF INTEREST FORMS. NON-BOARD CONFLICT OF INTEREST ISSUES ARE ACTIVELY IDENTIFIED AND ADDRESSED BY THE CABINET. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE TRUSTEE OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A - THE INDEPENDENT BOARD MEMBERS REVIEW SALARY AND BENEFIT INFORMATION FOR THE PRESIDENT AND COMPARE WITH SIMILARLY QUALIFIED PERSONS IN COMPARABLE COLLEGES TO SET SALARY AND BENEFITS FOR THE UPCOMING FISCAL YEAR. THE CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION PROCESS IS DOCUMENTED IN THE BOARD MINUTES. LINE 15B - THE PRESIDENT, ALONG WITH THE INDEPENDENT BOARD MEMBERS, REVIEW SALARY AND BENEFIT INFORMATION FOR THE VICE PRESIDENTS AND COMPARE WITH SIMILARLY QUALIFIED PERSONS IN COMPARABLE COLLEGES TO FINALIZE SALARY AND BENEFITS FOR THE UPCOMING FISCAL YEAR. THE CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION PROCESS IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -63,398. CHANGE IN VALUE OF ANNUITIES AND TRUSTS -5,711. CHARITABLE REMAINDER TRUST (1) TRUST NC EMMAUS BIBLE COLLEGE T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0