LINCOLN COLLEGE (CHARTERED LINCOLN UNIVERSITY): Single Audit Reports and Findings
LINCOLN COLLEGE (CHARTERED LINCOLN UNIVERSITY) filed 6 single audits between 2016 and 2021; the most recently observed auditor is SIKICH LLP (2021), and the 2021 report lists 10 findings, including 1 material weakness. Data as of 2026-09-18.
Data as of Sep 18, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; LINCOLN COLLEGE (CHARTERED LINCOLN UNIVERSITY) is recorded in LINCOLN, Illinois under EIN 370661227, and the Clearinghouse records it as a higher education institution.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2021 | 2021-06-30 | $11,265,855 | $750,000 | SIKICH LLP | 10 | MW | 2021-06-CENSUS-0000053227 |
| 2020 | 2020-06-30 | $12,258,471 | $750,000 | SIKICH LLP | 10 | — | 2020-06-CENSUS-0000053227 |
| 2019 | 2019-06-30 | $10,362,135 | $750,000 | SIKICH LLP | 30 | MW / SD | 2019-06-CENSUS-0000053227 |
| 2018 | 2018-06-30 | $10,232,651 | $750,000 | SIKICH LLP | 20 | MW | 2018-06-CENSUS-0000053227 |
| 2017 | 2017-06-30 | $9,751,704 | $750,000 | SIKICH LLP | 30 | MW / SD | 2017-06-CENSUS-0000053227 |
| 2016 | 2016-06-30 | $9,959,541 | $750,000 | J.M. ABBOTT & ASSOCIATES, LTD. | 1 | SD | 2016-06-CENSUS-0000053227 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 84.268 | FEDERAL DIRECT STUDENT LOANS | $5,380,547 | Yes |
| 84.063 | FEDERAL PELL GRANT PROGRAM | $2,735,543 | Yes |
| 84.425 | EDUCATION STABILIZATION FUND | $1,792,418 | Yes |
| 84.425 | EDUCATION STABILIZATION FUND | $641,154 | Yes |
| 84.031 | HIGHER EDUCATION_INSTITUTIONAL AID | $432,780 | No |
| 84.007 | FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS | $107,233 | Yes |
| 84.425 | EDUCATION STABILIZATION FUND | $82,038 | Yes |
| 84.033 | FEDERAL WORK-STUDY PROGRAM | $65,932 | Yes |
| 84.038 | FEDERAL PERKINS LOAN PROGRAM | $28,210 | Yes |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
| Reference | Requirement | Severity | Repeat |
|---|---|---|---|
| 2021-001 | N | Material weakness / Questioned costs | No |
| 2021-002 | N | Other | No |
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
- Total revenue
- $1,499,772
- Total assets
- $36,321,588
- NTEE code
- B410
- Exempt under
- 501(c)(3)
- Ruling year
- 1942
- BMF release
- 2026-09-17
Read next
- CPA firms that audit Illinois nonprofits
- Illinois single audit statistics
- Illinois nonprofit audit requirements
How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits LINCOLN COLLEGE (CHARTERED LINCOLN UNIVERSITY) now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “LINCOLN COLLEGE (CHARTERED LINCOLN UNIVE Single Audits.” https://getauditradar.com/single-audits/il/lincoln-college-chartered-lincoln-university-370661227/. Data as of 2026-09-18.