2026-07-01T07:26:01-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2025-01-01 370692975 LAKEVIEW COLLEGE OF NURSING LAKE 2177090920 903 N LOGAN AVENUE DANVILLE IL 61832 SHEILA MINGEE PRESIDENT 2177090920 2026-06-22 1 ANDREW SMITH CPA P01518894 3096714500 2026-06-22 2025 2025-03-06 01:10:19Z SHEILA MINGEE 903 N LOGAN AVENUE DANVILLE IL 61832 7106380 0 X WWW.LCN.EDU X SCHOOL 1988 IL EDUCATE INDIVIDUALS IN NURSING 6 6 36 6 0 0 316072 279600 1163769 896351 1065409 1541015 0 0 2545250 2716966 174924 239841 0 0 1623489 1528760 0 0 0 958596 832819 2757009 2601420 -211759 115546 25533977 25745076 223801 171200 25310176 25573876 X LAKEVIEW COLLEGE OF NURSING HAS A CENTRAL FOCUS TO BE A DYNAMIC CENTER OF EDUCATIONAL EXCELLENCE FOR THE COLLEGE COMMUNITY THAT WORKS TOGETHER, EXEMPLIFYING ADAPTABILITY, INTEGRITY, AND CARING. THE COLLEGE WILL BE FOREFRONT TO THE TRENDS IN HEALTH CARE AND COMMITTED TO NURSING AS A PROFESSION BY PREPARING SAFE, COMPETENT, PATIENT-CENTERED, CARING PROFESSIONAL NURSES FOR LEADERSHIP, SERVICE, AND PRACTICE FOR THE ADVANCEMENT OF THE NURSING PROFESSION. 0 0 1352133 239841 896351 THE PURPOSE OF LAKEVIEW COLLEGE OF NURSING IS TO EDUCATE INDIVIDUALS IN NURSING TO RECEIVE A BACHELOR'S DEGREE IN NURSING. 1352133 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X SHEILA MINGEE 2177090920 903 N LOGAN AVENUE DANVILLE IL 61832 DIANE BUSS CHAIR 1.00 X X 0 0 0 JUDD PECK VICE CHAIR 1.00 X X 0 0 0 WILLIAM GARRISON BOARD MEMBER 1.00 X 0 0 0 LON HENDERSON BOARD MEMBER 1.00 X 0 0 0 ANGIE KOTCHER BOARD MEMBER 1.00 X 0 0 0 MICHELE SPADING BOARD MEMBER 1.00 X 0 0 0 SHEILA MINGEE PRESIDENT 50.00 X 178730 0 20344 GINA BRASSARD DEAN/ASSOCIATE PROFESSOR 40.00 X 120962 0 12096 299692 0 32440 2 0 1 0 0 279600 279600 TUITION AND FEES 611310 642546 642546 STUDENT FINANCIAL AID 611310 239842 239842 MISCELLANEOUS 611310 13963 13963 896351 947202 947202 4164083 819144 2804991 1584423 1359092 -765279 593813 593813 2716966 896351 0 1541015 239841 239841 199074 199074 1107248 712111 395137 31978 4902 27076 87041 31677 55364 103419 57345 46074 1125 1125 84088 84088 64706 64706 75856 28787 47069 58520 58245 275 170535 66106 104429 35323 35323 84707 987 83720 28016 22772 5244 370 370 134284 134284 82896 82896 SPECIAL FUNCTION 5146 5146 MISCELLANEOUS 5005 4803 202 RENT 2242 2242 2601420 1352133 1249287 0 343282 357218 403818 1071438 17786 9336 680 44622 3524835 2789481 2343205 735354 17362751 18138457 5062455 5354771 0 33880 25533977 25745076 162701 130439 47107 32165 13993 8596 223801 171200 X 15502883 15000676 9807293 10573200 25310176 25573876 25533977 25745076 115546 148154 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9807293 120501 885247 239841 10573200 9112376 184320 703852 193255 9807293 8397967 71974 815151 172716 9112376 6728914 66550 1602503 8397967 6272124 101220 355570 6728914 0.62718 0.37281 1 0 37868 37868 2292771 1603431 689340 1167430 1167430 0 26766 18620 8146 735354 BENEFICIAL INTEREST IN TRUSTS 5354771 C 5354771 OPERATING LEASE LIABILITY 1420 FINANCE LEASE LIABILITY 7176 8596 X 2800414 148154 148154 2652260 64706 64706 2716966 2536714 0 2536714 64706 64706 2601420 PART V, LINE 4: CONTRIBUTIONS ARE RESTRICTED BASED ON DONOR SPECIFICATIONS. INCOME IS USED ACCORDING TO DONOR SPECIFICATIONS TO SUPPLEMENT THE ADVANCEMENT OF THE ORGANIZATION'S PROGRAMS. PART X, LINE 2: THE COLLEGE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE (IRC). THE COLLEGE HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS A PUBLIC CHARITY UNDER THE IRC AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. THE COLLEGE HAS NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. MANAGEMENT DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2025. 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLICIZED IN STUDENT HANDBOOK AND AT NEW STUDENT ORIENTATION, ON THE WEBSITE SCHEDULE E, PART I, LINE 4 NO SOLICITATIONS ARE MADE. SCHEDULE E, PART I, LINE 6 LAKEVIEW COLLEGE OF NURSING RECEIVES FINANCIAL ASSISTANCE FROM THE FEDERAL PELL GRANT PROGRAM IN THE AMOUNT OF $120,284.80; FEDERAL DIRECT STUDENT LOANS IN THE AMOUNT OF $192,480.00; A TOTAL AMOUNT OF FINANCIAL ASSISTANCE FROM FEDERAL AWARDS $312,764.80. 1 LCN TRANSFER MERIT 4 20000 FMV LCN SCHOLARSHIP 1 5000 FMV LCN TRANSFER NEED-BASED SCHOLARSHIP 4 15000 FMV PART III, COLUMN (B): TRANSFER NEED-BASED = COMPLETED AT LEAST 30 COLLEGE CREDIT HOURS, CUMULATIVE GPA 2.75/4.0, AND MEETS THE ADMISSIONS REQUIREMENTS. TRANSFER MERIT = COMPLETED AT LEAST 30 COLLEGE CREDIT HOURS, CUMULATIVE GPA 3.5/4.0, MEETS THE ADMISSION REQUIREMENTS, AND DEMONSTRATES LEADERSHIP ABILITY. LCN SCHOLARSHIP = COMPLETED AT LEAST 30 COLLEGE CREDIT HOURS, CUMULATIVE GPA 2.5, MEETS THE ADMISSION REQUIREMENTS. X 0 0 0 0 0 0 0 0 0 SHEILA MINGEE PRESIDENT 178730 0 0 0 0 0 8430 0 11914 0 199074 0 0 0 PART I, LINE 3 EXECUTIVE COMPENSATION: THE PRESIDENT'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS. THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS, OR THE EXECUTIVE COMMITTEE ACTING ON BEHALF OF THE BOARD, IN AN EXECUTIVE SESSION IN JUNE. THE PRESIDENT DOES NOT PARTICIPATE IN DISCUSSIONS OR VOTES ON THEIR OWN COMPENSATION. COMPENSATION DECISIONS ARE DOCUMENTED IN THE EXECUTIVE SESSION BOARD MINUTES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIR OF THE BOARD, THE VICE CHAIR, THE IMMEDIATE PAST CHAIR OF THE BOARD, THE TREASURER, THE SECRETARY, THE CHAIR OF THE EVALUATION AND NOMINATING COMMITTEE, AND THE CHAIR OF THE BYLAWS COMMITTEE. THE EXECUTIVE COMMITTEE SHALL SERVE DURING PERIODS WHEN THE BOARD IS NOT IN SESSION. THE EXECUTIVE COMMITTEE SHALL BE AUTHORIZED TO TAKE SUCH ACTION AS MAY BE NECESSARY ON BEHALF OF THE CORPORATION AND WHICH COULD BE TAKEN BY A MAJORITY OF THE DIRECTORS PRESENT AT A MEETING AT WHICH A QUORUM IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVES AND REVIEWS A COPY OF THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS MONITORED BY THE BOARD AT EACH SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE CEO'S SALARY IN AN EXCUTIVE SESSION WITHOUT THE CEO PRESENT. THE BOARD'S DISCUSSION AND DECISIONS ARE DOCUMENTED IN EXECUTIVE BOARD MINUTES. AND REVIEWED DATA FROM OTHER HIGHER EDUCATION INSTITUTIONS. SALARY DATA IS USED TO DETERMINE THE SALARIES OF OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 SHEILA MINGEE 903 NORTH LOGAN AVENUE, DANVILLE IL (217)709-0920 FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. NO CHANGES IN PROCEDURE FROM THE PREVIOUS YEAR.