2024-08-27T11:51:41-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-01-01 370692975 LAKEVIEW COLLEGE OF NURSING LAKE 2177090920 903 N LOGAN AVENUE DANVILLE IL 61832 SHEILA MINGEE PRESIDENT 2177090920 2024-08-23 1 1 ANDREW SMITH CPA P01518894 3096714500 2024-08-23 2023 2024-08-08 14:25:15Z SHEILA MINGEE 903 N LOGAN AVENUE DANVILLE IL 61832 3727521 0 X WWW.LCN.EDU X SCHOOL 1988 IL EDUCATE INDIVIDUALS IN NURSING 5 5 36 5 0 0 364872 211509 2457490 2172481 448167 558797 0 0 3270529 2942787 241939 234660 0 0 2061354 1805633 0 0 0 1317137 1020029 3620430 3060322 -349901 -117535 23112715 24700031 328607 263279 22784108 24436752 X LAKEVIEW COLLEGE OF NURSING HAS A CENTRAL FOCUS TO BE A DYNAMIC CENTER OF EDUCATIONAL EXCELLENCE AS A DIVERSE AND INCLUSIVE 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 1735839 234660 2172481 THE PURPOSE OF THE LAKEVIEW COLLEGE OF NURSING IS TO EDUCATE INDIVIDUALS IN NURSING 1735839 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 3 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 IL X SHEILA MINGEE 2177090920 903 N LOGAN AVENUE DANVILLE IL 61832 ANGIE KOTCHER BOARD MEMBER 1.00 X 0 0 0 DIANE BUSS CHAIR 1.00 X X 0 0 0 JUDD PECK VICE CHAIR 1.00 X X 0 0 0 LON HENDERSON BOARD MEMBER 1.00 X 0 0 0 WILLIAM GARRISON BOARD MEMBER 1.00 X 0 0 0 SHEILA MINGEE PRESIDENT 50.00 X 161988 0 16817 BRITTANY LAWSON DEAN OF NURSING 50.00 X 123550 0 0 285538 0 16817 2 0 1 0 0 211509 211509 TUITION AND FEES 611310 1779994 1779994 STUDENT FINANCIAL AID 611310 234660 234660 MISCELLANEOUS 611310 157827 157827 2172481 519505 519505 824026 784734 39292 39292 39292 2942787 2172481 0 558797 234660 234660 169967 169967 1385455 972595 412860 35072 9841 25231 96707 41861 54846 118432 76729 41703 1233 1233 86608 86608 57275 57275 108797 58349 50448 100992 100653 339 247609 60313 187296 43606 43606 69879 620 69259 46611 40376 6235 691 691 159139 159139 84627 84627 SPECIAL FUNCTION 5060 5060 MISCELLANEOUS 4812 4568 244 RENT 3090 3090 3060322 1735839 1324483 0 718082 434245 186760 276114 11697 11202 15565 3966 5837052 3390255 2591934 2446797 15014088 16683276 4574589 4844431 23112715 24700031 157787 149133 146393 94705 24427 19441 328607 263279 X 14386141 15324376 8397967 9112376 22784108 24436752 23112715 24700031 X -117535 1938070 -167891 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8397967 71974 815151 172716 9112376 6728914 66550 1602503 8397967 6272124 101220 355570 6728914 5756090 139810 376224 6272124 5053217 50212 652661 5756090 0.64203 0.35797 1 0 137868 137868 4662963 2373063 2289900 1009455 1009455 0 26766 7737 19029 2446797 BENEFICIAL INTEREST IN TRUSTS 4844431 C 4844431 OPERATING LEASE LIABILITY 3808 FINANCE LEASE LIABILITY 15633 19441 X 4655691 1938070 1938070 2717621 57275 167891 225166 2942787 3003047 0 3003047 57275 57275 3060322 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, 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS - DUE TO TIMING 167,891. 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 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 $227,606; FEDERAL DIRECT STUDENT LOANS IN THE AMOUNT OF $475,787 CARES ACT - INSTITUTIONAL AID IN THE AMOUNT OF $5,584. ; A TOTAL AMOUNT OF FINANCIAL ASSISTANCE FROM FEDERAL SOURCES OF $708,978 0 LCN TRANSFER MERIT SCHOLARSHIP 2 20000 FMV LCN TRANSFER NEED-BASED SCHOLARSHIP 3 20000 FMV X 0 0 0 0 0 0 0 0 0 SHEILA MINGEE PRESIDENT 161988 0 0 0 0 0 7979 0 8838 0 178805 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS APPROVES THE SALARY OF THE PRESIDENT/CEO. 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 A COPY OF THE FORM 990 WILL BE PROVIDED AT A BOARD MEETING BEFORE SUBMISSION. 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 C, LINE 19 SHEILA MINGEE 903 NORTH LOGAN AVENUE, DANVILLE IL (217)709-0920 FORM 990, PART XI, LINE 9: GRANTS - DUE TO TIMING -167,891. 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.