Totals
- Total revenue
- $2,120,965
- Total expenses
- $4,413,031
- Contributions and grants received
- $1,682,063
- Grants paid
- $469,275
- Program service revenue
- $1,568,194
- Investment income
- -$1,118,682
- Other revenue
- -$10,610
- Total assets, end of year
- $12,797,073
- Total liabilities, end of year
- $1,243,880
- Net assets or fund balances, end of year
- $11,553,193
- Program services expenses (Part IX)
- $2,266,349
- Management and general expenses
- $1,902,477
- Fundraising expenses
- $244,205
- Program service expenses (Part III)
- $2,266,349
Program services were 51.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$200
-
1c · Fundraising events
$37,500
-
1f · All other contributions, gifts and grants
$1,644,363
-
2a · Program service revenue: SEMINARY
total $884,085 · related or exempt $884,085
-
2b · Program service revenue: SCHOOL OF UNDERGRADUATE STUDIES
total $409,534 · related or exempt $409,534
-
2c · Program service revenue: MISCELLANEOUS
total $242,676 · related or exempt $242,676
-
2d · Program service revenue: AUXILIARY
total $21,229 · related or exempt $21,229
-
2e · Program service revenue: CAMPUS EVENTS
total $10,670 · related or exempt $10,670
-
3 · Investment income
total $135,588 · excluded $135,588
-
7a · Gross sales of assets other than inventory
securities $2,888,096 · other assets $1,168,296
-
7b · Less cost or other basis and sales expenses
securities $2,888,096 · other assets $2,422,566
-
7c · Gain or loss
securities $0 · other assets -$1,254,270
-
7d · Net gain or loss
total -$1,254,270 · excluded -$1,254,270
-
8a · Fundraising events: gross income
$5,150
-
8a · Fundraising events: contributions included on line 1c
$37,500
-
8b · Fundraising events: direct expenses
$15,760
-
8c · Net income from fundraising events
total -$10,610 · excluded -$10,610
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $433,923 · program services $433,923
-
3 · Grants to foreign organizations and individuals
total $35,352 · program services $35,352
-
5 · Compensation of officers, directors and key employees
total $238,200 · program services $151,910 · management and general $64,076 · fundraising $22,214
-
7 · Other salaries and wages
total $1,611,174 · program services $1,027,511 · management and general $433,411 · fundraising $150,252
-
9 · Other employee benefits
total $272,408 · program services $175,180 · management and general $73,157 · fundraising $24,071
-
10 · Payroll taxes
total $111,896 · program services $71,959 · management and general $30,050 · fundraising $9,887
-
11b · Fees: legal
total $26,171 · management and general $26,171
-
11c · Fees: accounting
total $108,782 · management and general $108,782
-
11f · Fees: investment management
total $32,588 · management and general $32,588
-
11g · Fees: other
total $80,460 · program services $22,706 · management and general $52,522 · fundraising $5,232
-
12 · Advertising and promotion
total $8,289 · program services $3,835 · management and general $4,167 · fundraising $287
-
13 · Office expenses
total $39,704 · program services $4,525 · management and general $11,337 · fundraising $23,842
-
14 · Information technology
total $320 · management and general $320
-
16 · Occupancy
total $82,924 · management and general $82,924
-
17 · Travel
total $22,864 · program services $2,613 · management and general $14,395 · fundraising $5,856
-
19 · Conferences, conventions and meetings
total $33,035 · program services $16,638 · management and general $13,833 · fundraising $2,564
-
20 · Interest
total $103,394 · management and general $103,394
-
22 · Depreciation, depletion and amortization
total $344,252 · program services $257,606 · management and general $86,646
-
23 · Insurance
total $71,601 · management and general $71,601
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $328,489 · program services $61,355 · management and general $267,134
-
24b · Other expenses: MISCELLANEOUS
total $287,827 · program services $1,236 · management and general $286,591
-
24c · Other expenses: CHANGE IN SPLIT INTERES
total $104,282 · management and general $104,282
-
24d · Other expenses: BAD DEBT
total $35,096 · management and general $35,096
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,050,953 · end of year $1,916
-
2 · Savings and temporary cash investments
beginning of year $2,580,325 · end of year $1,948,440
-
3 · Pledges and grants receivable
beginning of year $147,064 · end of year $122,616
-
4 · Accounts receivable
beginning of year $1,058,097 · end of year $332,494
-
7 · Other notes and loans receivable
beginning of year $181,352 · end of year $177,835
-
8 · Inventories for sale or use
beginning of year $6,721 · end of year $6,721
-
9 · Prepaid expenses and deferred charges
beginning of year $16,787
-
10a · Land, buildings and equipment: cost or other basis
$42,939
-
10b · Land, buildings and equipment: accumulated depreciation
$31,309
-
10c · Land, buildings and equipment, net
beginning of year $2,366,439 · end of year $11,630
-
11 · Investments: publicly traded securities
beginning of year $3,794,294 · end of year $1,152,347
-
12 · Investments: other securities
beginning of year $86,095 · end of year $6,061,281
-
13 · Investments: program-related
beginning of year $6,463,268 · end of year $2,754,489
-
15 · Other assets
beginning of year $401,606 · end of year $227,304
-
17 · Accounts payable and accrued expenses
beginning of year $184,093 · end of year $182,948
-
19 · Deferred revenue
beginning of year $164,637 · end of year $53,355
-
23 · Secured mortgages and notes payable
beginning of year $3,125,025
-
25 · Other liabilities
beginning of year $1,052,939 · end of year $1,007,577
-
27 · Net assets without donor restrictions
beginning of year $952,745 · end of year -$773,490
-
28 · Net assets with donor restrictions
beginning of year $12,673,562 · end of year $12,326,683
Mission and programs · 2023
Mission
LINCOLN CHRISTIAN UNIVERSITY IS A HIGHER EDUCATION COMMUNITY WHOSE MISSION IS TO NUTURE AND EQUIP CHRISTIANS WITH A BIBLICAL WORLDVIEW TO SERVE AND LEAD IN THE CHURCH AND THE WORLD. LCU OFFERS BACHELOR OF ARTS DEGREES IN BIBLICAL STUDIES AND CHRISTIAN MINISTRY; MASTER OF ARTS DEGREES IN BIBLICAL STUDIES, THEOLOGY, BIBLE & THEOLOGY, COUNSELING, MINISTRY, AND ORGANIZATIONAL LEADERSHIP; AND A MASTER OF DIVINITY.
Activities or mission (Part I)
TO NURTURE AND EQUIP CHRISTIANS WITH A BIBLICAL WORLDVIEW TO SERVE AND LEAD IN THE CHURCH AND THE WORLD.
-
LINCOLN CHRISTIAN UNIVERSITY IS A HIGHER EDUCATION COMMUNITY WHOSE MISSION IS TO NURTURE AND EQUIP CHRISTIANS WITH A BIBLICAL WORLDVIEW TO SERVE AND LEAD IN THE CHURCH AND THE WORLD. LCU OFFERS BACHELOR OF ARTS DEGREES IN BIBLICAL STUDIES AND CHRISTIAN MINISTRY; MASTER OF ARTS DEGREES IN BIBLICAL STUDIES, THEOLOGY, BIBLE & THEOLOGY, COUNSELING, MINISTRY, AND ORGANIZATIONAL LEADERSHIP; AND A MASTER OF DIVINITY.
Expenses $2,266,349 · Grants $469,275 · Revenue $1,568,194
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brett AndersonBRETT ANDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer ArmstrongJENNIFER ARMSTRONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Darryl BolenDARRYL BOLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dan VeselskyDAN VESELSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Karen DiefendorfDR KAREN DIEFENDORF
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Erica VinsonERICA VINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Warren KnolesWARREN KNOLES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Greg TaylorGREG TAYLOR
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tanner GreenDR TANNER GREEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Silas McCormickDR SILAS MCCORMICK
PRESIDENT
- Total calculated
- $83,000
- From this org
- $83,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dr Danielle FieldsDR DANIELLE FIELDS
VP OF OPERATIONS
- Total calculated
- $93,260
- From this org
- $75,000
- From related orgs
- $0
- Other
- $18,260
- Hours/week
- 40
-
Brady CremeensBRADY CREMEENS
VP OF ADVANCEMENT
- Total calculated
- $78,655
- From this org
- $70,216
- From related orgs
- $0
- Other
- $8,439
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
OPEN ARMS CHRISTIAIN FELLOWSHIP
$800,000
Disposition · SALE OF THE REMAINDER OF CAMPUS · May 31, 2024 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403189349301020
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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