2023-05-15T19:00:45+00:00 2022-06-30 990 2021-07-01 362593545 Erikson Institute ERIK 3127552250 451 North LaSalle Street Chicago IL 606544510 Patricia Lawson VP for Finance & Operations & CFO 3128937120 2023-05-15 Patricia Lawson 999009999 2021 2023-04-26 12:10:37Z Patricia Lawson 451 North LaSalle Street Chicago IL 606544510 39533726 false X www.erikson.edu X 1966 IL Erikson Institute is the premier independent institution of higher education committed to ensuring that all children have equitable opportunities to reach their potential. 31 30 328 160 0 0 18407896 13255729 10362820 8882023 4284031 7212484 45052 52127 33099799 29402363 2804014 2129503 0 0 16413631 16044806 65000 70000 969911 6887115 7240001 26169760 25484310 6930039 3918053 94916051 89249782 34657995 32332414 60258056 56917368 Erikson Institute is the premier independent institution of higher education committed to ensuring that all children have equitable opportunities to reach their potential. Recognized for our groundbreaking work in the field of early childhood, we uniquely prepare child development, education, and social work leaders to improve the lives of young children and their families. Our impact and influence is further amplified through our innovative academic programs, applied research, knowledge creation and distribution, direct service, and field-wide advocacy. Because nothing matters more than a child's early years, Erikson Institute educates, inspires, and provides leadership to serve the needs of children and families so that all can achieve optimal education, social, emotional, and physical well-being. false false 11279826 1964480 6431725 ACADEMICS: Through contemporary master's degree, doctoral degree, and graduate certificate programs, Erikson Institute prepares leaders in child development, social work, and early childhood education. We offer the most comprehensive, interdisciplinary understanding of children and families through classes on campus and online. In 2022, Erikson conferred 146 graduate degrees and was able to provide 92% of students with some kind of scholarship support. Further, Erikson launched a reimagined teacher licensure program to now include a triple endorsement. The updated Master of Early Childhood Education degree now embeds curriculum and clinical hours that position graduates to earn additional endorsements from the Illinois State Board of Education. These endorsements include: Early Childhood Birth-2nd Grade, Special Education, and Bilingual/ESL. This program is the first of its kind in the state of Illinois, eliminating the costly and time-consuming practice of "stacking" endorsements which does offer the holistic approach that every child needs. Further, Erikson secured philanthropic funding to offer the Educator Impact Grant, covering all tuition and fees, to eligible students who agree to teach in divested communities post-graduation. 6574638 0 2180519 DIRECT SERVICES: Erikson students, faculty, and staff provide a wide range of direct services directly to children and families, as well as consulting and training for the professionals who serve them. More than 7,000 families have been served by our Fussy Baby Network, Center for Children and Families (CCF), and Early Childhood Project, a partnership with the Illinois Department of Children and Family Services. Each year, our students put in more than 49,000 hours of field service at 68 agencies serving children and their families. Erikson's Center for Children and Families' team of psychologists, social workers, developmental and behavioral pediatricians, occupational therapists, speech and language pathologists, and other licensed mental health professionals provide pediatric mental health services for children ages 0-8, as well as their families and important caregivers. Erikson's Center for Children and Families' (CCF) has remained a constant source of mental health support for the youngest children in communities throughout Chicago during the global Covid-19 pandemic. To provide a continuum of care during the pandemic, CCF adopted a HIPAA compliant video conferencing platform. From July 2020 to June 2021, a total of 319 families were supported by the early childhood mental health and diagnostic services provided by CCF. In 2022, in-person therapy and clinical services were able to resume along with proactive outreach to help support communities in the wake of ongoing gun violence. We also offer programs to help professionals who work with children and families hone their skills, learn new techniques, and earn credits to maintain their professional licenses. 2371612 165023 290766 RESEARCH, POLICY & LEADERSHIP: Erikson's current research projects respond directly to the needs of young children and the people who serve them by focusing on what works and how, and on models that can be replicated. Our groundbreaking research includes several studies that are the first of their kind in the field on topics including home visiting, mindfulness interventions in the classroom, and home-based childcare. Erikson's Policy and Leadership Department released the second edition of the Risk and Reach Report in July 2021, which features data that provide a comprehensive, county-by-county analysis of Risk factors that undermine optimal child development for the 916,880 children aged 5 and under in Illinois (7.32% of the state's population) and compares them to the Reach of publicly funded programs and services that support early childhood well-being. In 2022, the Early Childhood Leadership Academy (ECLA) enrolled a new cohort of Executive Fellows and engaged more than half of ECLA alumni in advancing policy proposals for change across Illinois. Erikson also launched the Decolonizing Language and Data training to widely share knowledge about the impact that words and data have on the people they are describing. 20226076 true true false true false false false false true true true false false true true true false true false true false false true false false false true true true true false false false false false false false true true false true false false false false false false false false true 65 0 true 328 true false false false false false false false false false false false false X 31 30 true false false false false false false true true false false true true true true true true true false false IL X X Patricia Lawson 3127552250 451 N LaSalle Street Chicago IL 606544510 A Kyle Mack Trustee 1.0 X 0 0 0 Ashley Netzky Trustee 1.0 X 0 0 0 Barbara T Bowman Trustee 40.0 X 76204 0 9335 Cari B Sacks Trustee 1.0 X 0 0 0 Catherine M Adduci Trustee 1.0 X 0 0 0 Chuck Middleton Trustee 1.0 X 0 0 0 Deana Spencer Trustee 1.0 X 0 0 0 Diane Goldstick Meagher Trustee 1.0 X 0 0 0 Dianne Wasieleski Trustee 1.0 X 0 0 0 Eve M Tyree Trustee 1.0 X 0 0 0 Frank Gettridge Trustee 1.0 X 0 0 0 Ikram Goldman Trustee 1.0 X 0 0 0 Jenni Sorenson Trustee 1.0 X 0 0 0 Jose Cerda III Trustee 1.0 X 0 0 0 Joy Segal Trustee 1.0 X 0 0 0 Judy McCaskey Trustee 1.0 X 0 0 0 Kate Neisser Trustee 1.0 X 0 0 0 Kathy Richland Pick Trustee 1.0 X 0 0 0 Lori Laser Trustee 1.0 X 0 0 0 Marjorie Poulos Trustee 1.0 X 0 0 0 Mitchell J Lederer Trustee 1.0 X 0 0 0 Richard A Chesley Trustee 1.0 X 0 0 0 Sabrina Gracias Trustee 1.0 X 0 0 0 Sandra Perez Sterling Trustee 1.0 X 0 0 0 Sara Crown Star Trustee 1.0 X 0 0 0 Sheryl Bellick Trustee 1.0 X 0 0 0 Susan Stone Trustee 1.0 X 0 0 0 Edward Loeb Trustee 3.0 X 0 0 0 Elenne Song Board Chair 3.0 X 0 0 0 Eric Adelstein Vice Chair and Board Secretary 3.0 X 0 0 0 Geoffrey Nagle Former President 40.0 X 240554 0 13349 Lewis S Ingall Treasurer 3.0 X 0 0 0 Mariana Souto-Manning President 40.0 X 131130 0 26939 Maura Daly Chief External Affairs Officer 40.0 X 274424 0 39144 Pamela Epley Interim Senior Vice President & Dean of Faculty 40.0 X 176485 0 46179 Patricia Lawson Interim President & Chief Financial Officer 40.0 X 261208 0 54502 Amanda Moreno Associate Professor 40.0 X 137158 0 39482 Charles Chang Former VP of Institutional effectiveness and planning 40.0 X 145236 0 46189 David Behrs Former Senior Associate Vice President of Enrollment Management 40.0 X 138139 0 19148 Jie-Qi Chen Director of the Early Learning and Teaching Academy 40.0 X 229373 0 77062 Linda Gilkerson Professor 40.0 X 149102 0 35597 1959013 0 406926 20 true true false 111ORD LLC PO Box 776132 CHICAGO IL 606776132 BUILDING MANAGEMENT 455439 PRESCIENT SOLUTIONS PO Box 5450 CAROL STREAM IL 60194 IT SERVICES 298093 CDW Government 75 Remittance Dr Ste 1515 CHICAGO IL 606751515 IT CONTRACTOR 170559 ORBIT MEDIA STUDIOS 1555 Sherman Ave 302 EVANSTON IL 60201 WEBSITE MAINTENANCE & DESIGN 119800 4 0 0 0 0 4556989 8698740 200809 13255729 Student Tuition & Fees 611600 6410738 6410738 0 0 Clinical and Training 611600 2471285 2471285 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8882023 774282 0 0 774282 0 0 0 0 18090 0 0 18090 13050 0 0 0 13050 0 13050 0 0 13050 16569565 0 10131363 0 6438202 0 6438202 0 0 6438202 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20987 20987 0 0 20987 29402363 8903010 0 7243624 165023 165023 1964480 1964480 0 0 0 0 1349453 678252 514417 156784 0 0 0 0 11915089 10484478 1123810 306801 686385 558476 95807 32102 1128519 918218 157521 52780 965360 785464 134747 45149 0 0 0 0 104541 35328 58149 11064 62527 0 62527 0 0 0 0 0 70000 70000 0 0 0 0 2114293 1336580 774706 3007 324027 182152 133721 8154 357044 141909 206179 8956 453256 302940 130316 20000 6318 6318 0 0 651556 461832 180569 9155 59024 50929 7979 116 0 0 0 0 186804 148894 17070 20840 1418694 953642 442875 22177 0 0 0 0 812462 698718 97495 16249 169770 120336 47049 2385 Books, Library Materials and Publications 102286 98532 3610 144 417399 133575 99776 184048 25484310 20226076 4288323 969911 2446787 3140679 4563539 5144822 6672769 5125582 298360 416815 0 0 0 0 0 0 0 0 339766 271598 35863535 14682521 21177501 21181014 41907971 36264839 17004960 17275059 0 0 0 504398 429374 94916051 89249782 2450767 1342135 0 0 516058 2051310 25050717 25374370 0 0 0 0 0 0 0 0 6640453 3564599 34657995 32332414 17793175 16168803 20925565 18659249 0 0 0 0 21539316 22089316 60258056 56917368 94916051 89249782 X 3918053 -9433989 0 -825581 3000829 X false true X true true true X 13270527 14214178 12038095 18407896 13255729 71186425 0 0 0 0 0 0 0 0 0 0 0 0 13270527 14214178 12038095 18407896 13255729 71186425 0 71186425 718390 964793 712993 505317 805422 3706915 0 0 0 0 0 0 64268 58913 77756 14133 20987 236057 75129397 0 0.9475 0.9511 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 X 0 0 0 0 0 0 Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - 64268.0, COLUMN B - 58913.0, COLUMN C - 77756.0, COLUMN D - 14133.0, COLUMN E - 20987.0, COLUMN F - 236057.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 56593787 550000 -3047102 0 2021668 0 52075017 41375277 2500000 14794108 0 2075598 0 56593787 43150069 500 257310 0 2032602 0 41375277 47069141 1000000 2152036 0 7071108 0 43150069 45598656 0 3997496 0 2527011 0 47069141 0.38 0.47 0.15 false false 2692677 2692677 27412507 9811417 17601090 4780139 4210158 569981 978212 660946 317266 21181014 Private Equity and Hedge Funds 17275059 17275059 0 Interest Rate Swap Agreement 3135225 Deferred Compensation plan payable 429374 3564599 X 22209582 -9433989 0 0 0 -9433989 31643571 825582 -3066790 -2241208 29402363 23210021 0 0 0 0 0 23210021 0 2274289 2274289 25484310 Schedule D, Part V, Line 4 Intended uses of endowment funds The Board of Trustees has designated certain amounts of unrestricted revenues to be classified as funds functioning as endowment. The income on these funds will be used to support ongoing operations. As of June 30, 2022, these funds were established for the following purposes: Facilities $5,737,266, General Operations $ 13,751,583, Scholarships $ 186,602. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Institute may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Institute and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities during the periods covered by these financial statements. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHOLARSHIPS NETTED FROM REVENUE - 1964480 NON-OPERATING INVESTMENT INCOME (LOSS), NET - -5031270 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS NETTED FROM REVENUE Cost of Bond Issuance Amortization - 1964480 COST OF BOND ISSUANCE AMORTIZATION - 309809 true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The policy is made available in both employee and student handbooks, as well as on the organization's website and in promotional materials used at recruiting events. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT We receive U.S. Department of Education Federal Direct Student Loans and other governmental assistance. Central America and the Caribbean 0 0 Investments N/A 15460216 0 0 0 0 0 0 15460216 0 15460216 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual X X X X true PJH & Associates Inc 205 W Wacker Drive Chicago IL 606061444 Special event planning - Fundraising for Erikson's Annual Luncheon false 0 70000 -70000 0 70000 -70000 IL Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. PJH & ASSOCIATES, INC.-CONSULTING AGREEMENT; Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses PJH & ASSOCIATES, INC.-PAYMENT FOR PROFESSIONAL FUNDRAISING, EVENT PLANNING AND AND EXECUTION OF ERIKSON'S ANNUAL LUNCHEON.; true Concord Evaluation Group PO Box 1025 Concord MA 017421205 4835 Evaluation Collaborative Math SRI International 333 Ravenswood Avenue Menlo Park CA 94025 51015 Early math research Chapin Hall Center 1313 E 60th St Chicago IL 60637 160188 Home Visiting Program Quality Assessment 2 1 Student Scholarships 434 1964480 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Scholarship funds can be used for tuition, books and living expenses. In general they are applied first to tuition and balances sent to students. It is reviewed every school term and is monitored in compliance with student aid protocols. All payments are monitored and approved by Student Services and Finance before payment is applied or paid to the student. All students receiving scholarships have been selected on a non-discretionary basis. The student loan program is audited every year in compliance with federal single audit standards X X X false false false false false false false false false Mariana Souto-Manning President 131130 0 0 0 0 0 15190 0 11749 0 158069 0 0 0 Geoffrey Nagle Former President 35818 0 0 0 204736 0 4751 0 8598 0 253903 0 0 0 Patricia Lawson Interim President & Chief Financial Officer 261208 0 0 0 0 0 26000 0 28502 0 315710 0 0 0 Maura Daly Chief External Affairs Officer 259424 0 15000 0 0 0 19210 0 19934 0 313568 0 0 0 Pamela Epley Interim Senior Vice President & Dean of Faculty 176485 0 0 0 0 0 13417 0 32762 0 222664 0 0 0 Jie-Qi Chen Director of the Early Learning and Teaching Academy 229373 0 0 0 0 0 45500 0 31562 0 306435 0 0 0 Charles Chang Former VP of Institutional effectiveness and planning 145236 0 0 0 0 0 20711 0 25478 0 191425 0 0 0 Linda Gilkerson Professor 149102 0 0 0 0 0 23796 0 11801 0 184699 0 0 0 Amanda Moreno Associate Professor 137158 0 0 0 0 0 10173 0 29309 0 176640 0 0 0 David Behrs Former Senior Associate Vice President of Enrollment Management 135639 0 2500 0 0 0 9011 0 10137 0 157287 0 0 0 A Illinois Finance Authority 861091967 000000000 2022-04-01 25635000 REFUND PRIOR ISSUE (6/29/2017). false false false A 25635000 263000 25372000 2009 true false true true A 0.0 A false true true true true true The Northern Trust Company 15.6 false false false false false A true Schedule K, Part IV, Line 2c (a) Issuer Name: Illinois Finance Authority (a) Issuer Name: Illinois Finance Authority Date the Rebate Computation was Performed: 06/29/2017 Note regarding the rebate computation: Since the bond proceeds have been spent, a spending exception was met, and the debt service fund was operated on a bona fide basis, no further rebate calculations are necessary. Barbara Bowman Co-founder and Salaried Board member Reportable compensation false X 4 200809 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributors of stock. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Mitchell Lederer and Cari Sacks - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 was reviewed by the President, Chief Financial Officer and members of the Audit Committee. Lastly it was distributed to Erikson's board members before it was filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Form 990 was reviewed by the Interim President and Chief Financial Officer and members of the Audit Committee. Lastly it was distributed to Erikson's board members before it was filed with the IRS. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Executive Committee is charged with recommending to the board the President's compensation, including salary and benefits. The Executive Committee reviews a compensation survey of similar positions at educational institutions comparable to Erikson, located within the general metropolitan area. The President reviews the compensation of officers and key employees of Erikson. These reviews are conducted annually. Form 990, Part VI, Line 19 Required documents available to the public Erikson Institute makes its governing documents, conflict of interest policy and tax returns available for public inspection upon written request. This inspection takes place at its corporate offices at 451 N LaSalle Street, Chicago, IL. The Financial Statements and Tax Returns are also available the Institute's website at www. erikson.edu Form 990, Part VII, Section A, Line 1a, Column (D) Compensation of Officers, Directors, Trustee Reportable compensation for Barbara T. Bowman represents income earned as a Professor and not as a Trustee of the Organization. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue - Total Revenue: 20987, Related or Exempt Function Revenue: 20987, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part IX, Line 11e Professional Fundraising Services The Fundraising Consultant assisted in the planning, preparation and prospecting associated Erikson's annual fall fundraising event. The Fundraising Consultant did not collect any donations on behalf of Erikson. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Interest rate swap fair value adjustment - 3000829; Schedule K, Part IV, Line 2c Supplemental Information on Tax-Exempt Bonds (A) ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/29/2017 NOTE REGARDING THE REBATE COMPUTATION: SINCE THE BOND PROCEEDS HAVE BEEN SPENT, A SPENDING EXCEPTION WAS MET, AND THE DEBT SERVICE FUND WAS OPERATED ON A BONAFIDE BASIS, NO FURTHER REBATE CALCULATIONS ARE NECESSARY. On April 1, 2022, the Institute entered into a bond trust agreement with the Illinois Finance Authority to issue Illinois Finance Authority Revenue Refunding Bond, Series 2022, for $25,635,000. The proceeds from the sale were used to refund and redeem $16,435,000 and $8,937,000 of all the outstanding Revenue Refunding Bond, Series 2017A and Series 2017B respectively, discussed above. The bonds are non-amortizing and have a term of 20 years. Schedule K, Part IV, Line 2c Arbitrage ISSUER NAME: ILLINOIS FINANCE AUTHORITY THE CALCULATION FOR COMPUTING NO REBATE DUE Schedule M, Part I EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS SECURITIES - PUBLICLY TRADED - NUMBER OF CONTRIBUTORS OF STOCK.