2021-06-15T12:23:07-05:00 2020-08-31 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1500 CHICAGO IL 60611 990 2019-09-01 391353508 EAST WEST UNIVERSITY EAST 3126707444 819 S WABASH AVENUE NO 8TH FL CHICAGO IL 60605 DR MADHU JAIN PROVOST 3126707444 2021-05-25 1 JAMES G QUAID P00641738 3126707444 2021-05-25 2019 2022-09-23 18:48:47Z DR MADHU JAIN 819 S WABASH AVENUE NO 8TH FL CHICAGO IL 60605 13552343 0 X WWW.EASTWEST.EDU X 1979 WI EAST-WEST UNIVERSITY IS AN INDEPENDENT INSTITUTION OF HIGHER LEARNING LOCATED IN DOWNTOWN CHICAGO. 18 18 133 18 0 0 97639 400170 7787588 8667312 701510 382527 1307977 1421876 9894714 10871885 2615229 2968251 0 0 2966022 2791020 0 0 276939 4605695 4124459 10186946 9883730 -292232 988155 91475953 91336302 22727794 21083263 68748159 70253039 X EAST-WEST UNIVERSITY IS AN INDEPENDENT INSTITUTION OF HIGHER LEARNING LOCATED IN DOWNTOWN CHICAGO. ITS MISSION IS THE PURSUIT OF EXCELLENCE BY ALL THROUGH RELEVANT, EFFECTIVE AND CONVENIENT EDUCATION AND SERVICE TO HUMANKIND WITH A GLOBAL, MULTI-CULTURAL AND FUTURE-ORIENTED PERSPECTIVE. DIVERSITY IS A KEY COMPONENT OF THE EAST-WEST UNIVERSITY EXPERIENCE. ADMINISTRATORS, FACULTY AND STAFF MEMBERS COME FROM MANY RACES AND FROM MANY LANDS, TEACHING, WORKING, AND STUDYING ALONGSIDE INDIVIDUALS BORN IN INNER-CITY NEIGHBORHOODS OF CHICAGO. THE UNIVERSITY HAS DISTINGUISHED ITSELF AS A KEY PLAYER IN THE ADVANCEMENT OF PERSONS LIVING ON THE SOUTH AND WEST SIDE OF THE CITY. SINCE 1983, MORE THAN 2,000 GRADUATES HAVE COME OUT FROM EAST-WEST UNIVERSITY'S VARIOUS DEPARTMENTS WITH ASSOCIATE AND BACHELOR DEGREES AND CERTIFICATES GRANTED TO THEM. 0 0 1843947 319218 8667312 INSTRUCTIONAL AND ACADEMIC SUPPORT 3147695 PHYSICAL FACILITIES 761623 ADMISSIONS AND RETENTION 2878986 2649033 FINANCIAL AID AND RECORDS 118730 LIBRARY AND LEARNING RESOURCE CENTER 2997716 2649033 8750981 1 0 0 0 0 0 0 0 0 0 1 0 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 22 0 133 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X DR MADHU JAIN PROVOST 3129390111 819 SOUTH WABASH AVENUE CHICAGO IL 606052188 DR M WASIULLAH KHAN EXEC VP/CHANCELLOR 40.00 X 200000 0 14802 DR MADHU JAIN PROVOST 40.00 X 176400 0 13298 MR JAMES W THOMAS CHAIRMAN 2.00 X X 0 0 0 REV DR B HERBERT MARTIN SR VICE-CHAIR 2.00 X X 0 0 0 MR BILL AOSSEY TRUSTEE 2.00 X 0 0 0 MS CAROL BELL TRUSTEE 2.00 X 0 0 0 DR TARIQ BUTT TRUSTEE 2.00 X 0 0 0 DR DANNY K DAVIS TRUSTEE 2.00 X 0 0 0 DR ABDUL SULTAN HASSAM TRUSTEE 2.00 X 0 0 0 DR SAKHAWAT HUSSAIN TRUSTEE 2.00 X 0 0 0 MR TARIQ S JUNEJO TRUSTEE 2.00 X 0 0 0 DR KHURSHEED A MALLICK TRUSTEE 2.00 X 0 0 0 MR TRACY MEEKS TRUSTEE 2.00 X 0 0 0 DR DAUDUR RAHMAN TRUSTEE 2.00 X 0 0 0 MR SHER M RAJPUT TRUSTEE 2.00 X 0 0 0 MR JOHN SCOTT TRUSTEE 2.00 X 0 0 0 MS SAADIA SHAH TRUSTEE 2.00 X 0 0 0 DR M ASHRAF TOOR TRUSTEE 2.00 X 0 0 0 DR KHUTB UDDIN TRUSTEE 2.00 X 0 0 0 HONORABLE JESSE WHITE TRUSTEE 2.00 X 0 0 0 376400 0 28100 2 0 1 0 0 387655 12515 400170 TUITION & FEES 611310 8657285 8657285 USDE EXP REIMB 611310 6694 6694 TRANSCRIPT FEE INCOME 611310 3333 3333 8667312 380737 380737 3980681 2624968 1355713 1355713 1355713 57280 6218 49272 -6218 8008 1790 1790 MISCELLANEOUS REVENUE 900099 66163 66163 66163 10871885 8667312 0 1804403 2968251 2968251 404499 113818 290681 2029816 1625545 240529 163742 37842 27865 7727 2250 156880 73167 6606 77107 161983 123568 25986 12429 51195 26062 25133 70516 70516 40076 40076 92832 76060 1009 15763 291881 157288 129363 5230 267430 267430 99739 99543 196 6545 25 6520 903652 903652 1840343 1840343 BOOKSTORE EXPENSES 174421 174421 TUITION COLLECTION AGEN 73723 73723 RECRUITMENT INCENTIVE 64477 64477 147629 135743 11468 418 9883730 8750981 855810 276939 1235718 1729354 4690608 4866479 1637350 1889316 40641 34396 94527561 23896534 72654118 70631027 10753394 11576170 464124 609560 91475953 91336302 972912 719118 21563537 19746672 437269 191345 180204 22727794 21083263 X 68748159 70253039 68748159 70253039 91475953 91336302 988155 516725 0 X 0 1 X 1 1 1 X 25623691 25623691 67882600 23353785 44528815 738240 272076 466164 283030 270673 12357 70631027 TENANT SECURITY DEPOSITS 54871 DEFERRED RENT 125333 180204 X 11250746 516725 2624968 3141693 8109053 40076 2722756 2762832 10871885 9745866 2624968 2624968 7120898 40076 2722756 2762832 9883730 PART X, LINE 2: THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE UNIVERSITY FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE UNIVERSITY WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,624,968. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 2,649,033. COLLECTION AGENCY TUITION 73,723. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,624,968. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 2,649,033. COLLECTION AGENCY TUITION 73,723. 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 UNIVERSITY HAS A NONDISCRIMINATION POLICY. A COPY IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES STATE AND FEDERAL ASSISTANCE INCLUDING FINANCIAL AID THAT IS USED TO FURTHER THE EXEMPT PURPOSE OF THE UNIVERSITY. 1 SCHOLARSHIPS 396 2968251 PART I, LINE 2: DECISIONS REGARDING FINANCIAL AID ARE MADE BY THE STUDENT FINANCIAL AID OFFICE. THE GOAL IS TO PROVIDE ADEQUATE FINANCIAL AID TO APPLICANTS WHO, WITHOUT SUCH AID, WOULD BE UNABLE TO ATTEND THE UNIVERSITY. X 0 0 0 0 0 0 0 0 0 DR M WASIULLAH KHAN EXEC VP/CHANCELLOR 200000 0 0 0 0 0 10000 0 4802 0 214802 0 0 0 DR MADHU JAIN PROVOST 176400 0 0 0 0 0 8481 0 4817 0 189698 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF EAST-WEST UNIVERSITY WERE AMENDED AS FOLLOWS: GOVERNANCE OF EAST WEST UNIVERSITY IN TERMS OF GOVERNANCE, EAST-WEST UNIVERSITY INC. HAS TWO BOARDS. THE CORPORATE BOARD OF DIRECTORS IS THE ULTIMATE CUSTODIAN OF THE UNIVERSITY'S MISSION, ASSETS & INTERESTS. IT FUNCTIONS IN ACCORDANCE WITH THE PROVISIONS OF ITS ARTICLES OF INCORPORATION & BYLAWS & THE PERTINENT STATUTES OF THE STATE. THE BOARD OF DIRECTORS HAS DELEGATED ITS AUTHORITY FOR MANAGEMENT & OVERSIGHT OF THE UNIVERSITY TO THE BOARD OF TRUSTEES WHICH IS IN CHARGE OF THE UNIVERSITY'S OPERATION & DEVELOPMENT & THE REGULATION & MANAGEMENT OF ITS AFFAIRS. FUTURE CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS OF EAST-WEST UNIVERSITY MAY BE RECOMMENDED BY EITHER THE BOARD OF DIRECTORS OR THE BOARD OF TRUSTEES ON THE VOTE OF TWO-THIRDS OF ITS MEMBERS, AND SUBJECT TO THE APPROVAL OF TWO-THIRDS OF THE MEMBERS OF THE OTHER BOARD. THE BOARD OF TRUSTEES WILL TAKE ACTION TO NOTIFY ANY ACCREDITING OR LICENSING BODIES OF ANY CHANGE TO THE BYLAWS THAT CAUSES A CHANGE IN CONTROL, OR COULD BE INTERPRETED AS CAUSING A CHANGE IN CONTROL. POWERS AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS THE BOARD OF DIRECTORS OF EAST-WEST UNIVERSITY IS RESPONSIBLE FOR: (A) PROMOTION AND SAFEGUARDING THE MISSION & PURPOSES OF EAST-WEST UNIVERSITY INC. INCLUDING THE APPROVAL OF ANY CHANGES TO ITS ARTICLES OF INCORPORATION OR BYLAWS BY TWO-THIRDS MAJORITY. (B) NO ACTION RELATED TO THE ASSETS OF THE UNIVERSITY SHALL BE TAKEN WITHOUT FORMAL APPROVAL OF A TWO-THIRDS MAJORITY OF THE BOARD OF DIRECTORS. (C) REVIEWING AND APPROVING THE ITEMS OF ACCEPTANCE OF ANY GIFTS OR BEQUESTS MADE TO EAST-WEST UNIVERSITY. (D) CREATING, MAINTAINING, AND DISCONTINUING SCHOLARSHIPS AND ENDOWED FACULTY POSITIONS. POWERS AND RESPONSIBILITIES OF THE BOARD OF TRUSTEES THE BOARD OF TRUSTEES OF EAST-WEST UNIVERSITY IS RESPONSIBLE FOR: (A) RECOMMENDING TO THE BOARD OF DIRECTORS ANY CHANGES IN THE MISSION STATEMENT OF EAST-WEST UNIVERSITY. (B) REVIEW OF THE OPERATIONS AND PERFORMANCE OF EAST-WEST UNIVERSITY. (C) REVIEW AND APPROVAL OF CHANGES OF THE OFFICIAL POLICIES OF EAST-WEST UNIVERSITY. (D) REVIEW AND APPROVAL OF STRATEGIC PLANS OF EAST-WEST UNIVERSITY. (E) REVIEW AND APPROVAL OF THE ANNUAL BUDGET AND THE AUDITED FINANCIAL STATEMENTS OF EAST-WEST UNIVERSITY. (F) REVIEW OF PUBLIC STATEMENTS OF THE UNIVERSITY. (G) APPOINTMENT, REVIEW, AND CONTRACTING OF THE CHIEF EXECUTIVE OFFICER OF EAST-WEST UNIVERSITY, WHO SHALL BE KNOWN AS ITS CHANCELLOR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST PREPARED BY THE UNIVERSITY'S CPA FIRM AND THEN IT IS REVIEWED BY THE PROVOST AND CHANCELLOR. A COPY IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES INCLUDING TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE ANNUAL DISCLOSURE FORM DISCLOSING ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CHANCELLOR AND PROVOST IS REVIEWED AND APPROVED ANNUALLY AS PART OF THE BUDGET REVIEW PROCESS. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES THAT RECEIVE COMPENSATION OTHER THAN THE CHANCELLOR AND PROVOST. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY FURNISHES THESE DOCUMENTS UPON REQUEST.