2022-04-14T11:27:40-05:00 2021-05-31 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2020-06-01 370661211 ILLINOIS COLLEGE ILLI 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 KENT SILTMAN VP OF BUSINESS AFFAIRS & CFO 2172453003 2022-04-13 1 KENT SILTMAN 999009999 JILL M BOYLE CPA P01246734 2177933363 2022-04-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KENT SILTMAN 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 152322638 0 X WWW.IC.EDU X 1835 IL ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING IN THE LIBERAL ARTS. 24 24 901 37 4045 0 4409304 5658601 41893071 44905754 5979393 10356941 937987 1300332 53219755 62221628 21014442 22577630 0 0 18659717 19075427 0 0 1473024 17791411 16953106 57465570 58606163 -4245815 3615465 192079972 220004192 27957723 27019708 164122249 192984484 ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER EDUCATION LEARNING PROVIDING A FOUR-YEAR EDUCATIONAL PROGRAM LEADING TO THE BACCALAUREATE DEGREE. ILLINOIS COLLEGE IS A COMMUNITY COMMITTED TO THE HIGHEST STANDARDS OF SCHOLARSHIP AND INTEGRITY IN THE LIBERAL ARTS. 0 0 54339720 22577630 45546049 PROVISION OF POST-SECONDARY EDUCATION TO APPROXIMATELY 1100 STUDENTS. 54339720 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 134 0 901 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KENT SILTMAN 2172453004 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 BARBARA FARLEY PRESIDENT 50.00 X 352898 0 41235 CATHARINE O'CONNELL PROVOST/DEAN OF COLLEGE 50.00 X 191571 0 44707 STEPHANIE CHIPMAN VP OF EXTERNAL RELATIONS 50.00 X 164664 0 24001 MELISSA DYSON CONTROLLER 50.00 X 108186 0 24464 MONICA BUCEK ASST VP MAJOR GIFTS 50.00 X 109369 0 12047 KRISTINE HOUSER EXEC DIR OF DEVEL/ALUMNI 50.00 X 101193 0 16901 KENT SILTMAN VP OF BUSINESS/CFO 50.00 X 101806 0 11640 STEVEN R MILLS BOARD MEMBER & CHAIR 2.00 X X 0 0 0 SUSAN L PRATT BOARD MEMBER & VICE CHAIR 2.00 X X 0 0 0 JOAN M DEBOER BOARD MEMBER & SECRETARY 2.00 X X 0 0 0 SUSAN J ALLEN BOARD MEMBER 1.00 X 0 0 0 TONYA J BAISE BOARD MEMBER 1.00 X 0 0 0 RYAN T BARKE BOARD MEMBER 1.00 X 0 0 0 GERRY L BEARD BOARD MEMBER 1.00 X 0 0 0 TONI L BLANKMANN BOARD MEMBER 1.00 X 0 0 0 BARRETT J CALLAGHAN BOARD MEMBER (END 2/20/21) 1.00 X 0 0 0 ROBERT E CHIPMAN BOARD MEMBER 2.00 X 0 0 0 DEL C DUNHAM BOARD MEMBER 1.00 X 0 0 0 MICHAEL A FLETCHER BOARD MEMBER 1.00 X 0 0 0 JOEL C HARMON BOARD MEMBER 1.00 X 0 0 0 GARY R HAYNES BOARD MEMBER 1.00 X 0 0 0 DUANE E HESS BOARD MEMBER (END 6/30/20) 1.00 X 0 0 0 JOHN S KAY BOARD MEMBER 1.00 X 0 0 0 JULIE B MACARTNEY BOARD MEMBER 1.00 X 0 0 0 PATRICK B MATHIS BOARD MEMBER 2.00 X 0 0 0 GREG C MAY BOARD MEMBER 1.00 X 0 0 0 ELLEN F RAMMELKAMP MILLER BOARD MEMBER 1.00 X 0 0 0 STEPHEN D OETGEN BOARD MEMBER 1.00 X 0 0 0 WINSTON ROGERS III BOARD MEMBER 1.00 X 0 0 0 HENRY A SCHMITT BOARD MEMBER 1.00 X 0 0 0 JAMES W SPRADLIN BOARD MEMBER 2.00 X 0 0 0 JEAN C STATLER BOARD MEMBER 2.00 X 0 0 0 JOHN M WILLIAMSON BOARD MEMBER (END 5/12/21) 1.00 X 0 0 0 GEORGE A ZELCS BOARD MEMBER 1.00 X 0 0 0 1129687 0 174995 7 0 1 0 CHARTWELLS 91337 COLLECTIONS DRIVE CHICAGO IL 606931337 FOOD SERVICE 2285062 RADHA & RICKY CORP 1003 WEST MORTON AVE JACKSONVILLE IL 62650 RENTAL OF SUPER 8 & LAUNDRY SERVICES 484934 THE BOARD OF TRUSTEES OF THE UNIVERSITY 506 S WRIGHT STREET 209 HAB MC 339 URBANA IL 61801 COVID TESTING SERVICES 405000 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 STUDENT SEARCH SERVICES 386065 HYMES ROCK A 108 EDLEN LANE JACKSONVILLE IL 62650 CONSTRUCTION 329547 13 3013212 2645389 663674 5658601 TUITION AND FEES 900099 36857781 36857781 AUXILIARY REVENUE 900099 8047973 8043928 4045 44905754 2183381 2183381 98273720 850 90101010 0 8172710 850 8173560 8173560 OTHER INVESTMENT INCOME 900099 655992 655992 644340 644340 1300332 62221628 45546049 4045 11012933 22577630 22577630 1037610 372381 441824 223405 14246511 12786244 871886 588381 633332 568415 38760 26157 2117714 1900648 129604 87462 1040260 933633 63664 42963 22217 22217 83480 83480 370530 370530 1362406 1222760 83379 56267 131516 118035 8049 5432 1497612 1344107 91654 61851 448718 402725 27461 18532 2763908 2452701 169151 142056 241072 216362 21892 2818 168674 151385 17289 3840451 3446804 235036 158611 470316 422109 28783 19424 MEAL PLAN 2266695 2266695 TEXTBOOKS 955072 955072 SMALL EQUIPMENT 850138 762999 55168 31971 AWARDS 728219 728219 752082 710796 33592 7694 58606163 54339720 2793419 1473024 6102833 7560586 360758 265012 530757 1488726 1357580 1047142 92711 108870 376739 408994 133742412 80282147 55793424 53460265 102667963 128139454 4402129 5713118 20395078 21812025 192079972 220004192 6526720 7015515 1783018 1794287 11148806 10175931 6170856 5910856 2328323 2123119 27957723 27019708 X 65719486 71120667 98402763 121863817 164122249 192984484 192079972 220004192 X 3615465 25271968 -25198 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126104821 796041 35405191 6819088 155486965 129905437 684192 3977128 8461936 126104821 137753933 861043 1052214 9761753 129905437 137538362 759194 8233678 8777301 137753933 134885361 1642735 12294062 11283796 137538362 0.24767 0.38081 0.37153 0 0 465933 465933 101502318 52798331 48703987 8701690 6264140 2437550 23072471 21219676 1852795 53460265 ACCRUED INTEREST RECEIVABLE 29071 BENEFICIAL INTEREST NONPERPETUAL TRUST 584943 DEFERRED UNDERWRITING CHARGES 101244 REAL ESTATE 19727174 OTHER ASSETS 234588 FINANCE LEASE RIGHT OF USE 1135005 21812025 ADVANCES FROM US GOVERNMENT, PERKINS LOAN PROGRAM 1058863 FINANCE LEASE 1064256 2123119 X 64520238 25271968 25271968 39248270 370530 22602828 22973358 62221628 35658003 0 35658003 370530 22577630 22948160 58606163 PART V, LINE 4: THE COLLEGE HAS THE FOLLOWING DONOR RESTRICTED ENDOWMENT FUNDS: GENERAL INSTITUTIONAL SUPPORT, SCHOLARSHIP SUPPORT, EDUCATIONAL PROGRAM SUPPORT, ACADEMIC AWARD SUPPORT, BUILDING AND MAINTENANCE SUPPORT AND LOAN FUND SUPPORT. PART X, LINE 2: THE COLLEGE HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE COLLEGE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. AS SUCH, THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE INTERNAL REVENUE CODE. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 22,577,630. CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 25,198. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 22,577,630. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS INCLUDED IN ALL STUDENT RECRUITMENT APPLICATION MATERIALS. THIS POLICY IS ALSO INCLUDED IN THE EMPLOYEE & STUDENT HANDBOOKS AND WEBSITE. SCHEDULE E, PART I, LINE 6 ILLINOIS COLLEGE RECEIVES FEDERAL AND STATE AID THAT IS PASSED THROUGH TO STUDENTS. THE COLLEGE PARTICIPATES IN THE TITLE IV FEDERAL STUDENT AID PROGRAM. THESE PROGRAMS INCLUDE PELL GRANT AND FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITIES GRANT. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 17212798 0 0 0 0 0 0 17212798 0 17212798 1 0 1 1 0 0 PART III ACCOUNTING METHOD: 1 STUDENT SCHOLARSHIPS 1109 22577630 BOOK PART I, LINE 2: SCHOLARSHIPS AWARDED TO STUDENTS ARE AUTOMATICALLY CREDITED TO THEIR ACCOUNT WITH THE COLLEGE TO OFFSET TUITION AND OTHER SIMILAR COSTS. NO CASH IS AWARDED DIRECTLY TO THE STUDENTS. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 BARBARA FARLEY PRESIDENT 336617 0 0 0 16281 0 31550 0 9685 0 394133 0 0 0 CATHARINE O'CONNELL PROVOST/DEAN OF COLLEGE 175254 0 0 0 16317 0 19198 0 25509 0 236278 0 0 0 STEPHANIE CHIPMAN VP OF EXTERNAL RELATIONS 163921 0 0 0 743 0 11830 0 12171 0 188665 0 0 0 PART I, LINE 1A THE COLLEGE'S PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND A RESIDENCE IS PROVIDED. THE PRESIDENT HAS A SOCIAL CLUB MEMBERSHIP AT JACKSONVILLE COUNTRY CLUB FOR BUSINESS PURPOSES. PART 1, QUESTION 4B THE COLLEGE HAS A 457(B) DEFERRED COMPENSATION PLAN THAT IS A NONQUALIFIED RETIREMENT PLAN FOR THE OFFICERS OF THE COLLEGE. A ILLINOIS FINANCING AUTHORITY 861091967 452000KS6 2005-01-13 15000000 CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 B PNC BANK 861091967 2010-12-23 3900000 ENERGY PROJECT 0 0 0 A 695000 15000000 228875 14771125 2006 0 0 1 1 B 277874 3900000 161522 71343 3828657 2011 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 5 663209 FMV X EQUIPMENT/FURNITURE 2 450 COST X OTHER NONCASH 1 15 COST 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE-ROBERT E. CHIPMAN IS THE FATHER-IN-LAW TO OFFICER-VP EXTERNAL RELATIONS, STEPHANIE CHIPMAN FOR A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES HAVE DIRECTED THE AUDIT WORKING GROUP OF THE FINANCE AND AUDIT COMMITTEE TO REVIEW THE ANNUAL 990. THE AUDIT WORKING GROUP HAS THE ACCOUNTING EXPERTISE TO UNDERSTAND AND EVALUATE THE 990. AFTER THE AUDIT WORKING GROUP REVIEWS AND APPROVES THE 990, THE BOARD OF TRUSTEES ARE PROVIDED AN ELECTRONIC FORM AND A PAPER COPY UPON REQUEST FOR REVIEW. AFTER THE FORMS ARE MADE AVAILABLE TO THE BOARD OF TRUSTEES, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY MEMBERS OF THE BOARD OF TRUSTEES COMPLETE A DISCLOSURE FORM. THE PRESIDENT'S OFFICE COLLECTS THE FORMS. THESE FORMS ARE PROVIDED TO THE BOARD CHAIRPERSON AND REVIEWED FOR ANY CONFLICTS OF INTEREST. THE COLLEGE HAS A HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY. THIS IS PROVIDED TO ALL FACULTY, STAFF, BOARD OF TRUSTEES AND STUDENTS. MANAGEMENT MONITORS AND ENFORCES THIS POLICY BY OBSERVATION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE USES SEVERAL FACTORS TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMLOYEES. THE COLLEGE USES AN INDEPENDENT SEARCH FIRM FOR THE SELECTION OF PRESIDENT OF THE COLLEGE, ALONG WITH A SEARCH COMMITTEE SELECTED BY THE BOARD OF TRUSTEES. THE OFFICERS OF THE COLLEGE CONSIST OF THE PRESIDENT AND VICE PRESIDENT CABINET MEMBERS. THE TRUSTEES OF THE COLLEGE DETERMINE THE PRESIDENT'S SALARY. THE PRESIDENT OF THE COLLEGE DETERMINES THE SALARY OF ALL VICE PRESIDENTS. THE COLLEGE USES SALARY SURVEYS, COMPARABLE DATA FROM OUR PEER INSTITUTIONS, AND YEARS OF EXPERIENCE WHEN DETERMINING COMPENSATION RANGES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST TRUSTS -25,198. ILLINOIS COLLEGE STUDENT PAYROLL LLC 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 62650 834140081 STUDENT PAYROLL IL 0 1735 ILLINOIS COLLEGE