2021-07-14T14:00:36-05:00 2020-08-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-09-01 366112087 Columbia College Chicago COLU 3123697162 600 South Michigan Ave Chicago IL 60605 PATRICIA BERGESON VP, LEGAL AFFAIRS & GENERAL COUNSEL 2021-07-14 true Nicole Bencik P00756195 3128997000 2019 2022-09-23 18:48:47Z Dr Kwang-Wu Kim 600 South Michigan Ave Chicago IL 60605 366199710 false X www.colum.edu X 1890 IL THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA. 29 28 3294 140 105061 16492 7972266 12373545 204951766 204443279 11083469 13813133 2163076 765029 226170577 231394986 38594370 52856270 0 102119936 98495194 0 2041349 84056662 86824299 224770968 238175763 1399609 -6780777 524601747 522591069 134260172 127331336 390341575 395259733 THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA. false false 166053732 52856270 181920431 COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 120 ACADEMIC PROGRAMS AND OVER 6,700 STUDENTS. COLUMBIA COLLEGE CHICAGO AWARDS UNDERGRADUATE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF MUSIC AND BACHELOR OF SCIENCE DEGREES, ALONG WITH GRADUATE MASTER OF ARTS, MASTERS OF ARTS MANAGEMENT, AND MASTERS OF FINE ART DEGREES. THE COLLEGE IS ONE OF THE LARGEST AND MOST DIVERSE PRIVATE ARTS AND MEDIA COLLEGES IN THE NATION. THE COLLEGE'S INTENT IS TO EDUCATE STUDENTS WHO WILL COMMUNICATE CREATIVELY AND SHAPE THE PUBLIC PERCEPTIONS OF ISSUES AND EVENTS AND WHO WILL AUTHOR THE CULTURE OF THEIR TIMES. THE COLLEGE HAD 6,542 STUDENTS ENROLLED IN ITS UNDERGRADUATE PROGRAMS AND 227 STUDENTS ENROLLED IN ITS GRADUATE PROGRAMS. THE UNDERGRADUATE PROGRAMS ARE OFFERED IN THREE SCHOOLS WITHIN THE COLLEGE; THE SCHOOL OF FINE AND PERFORMING ARTS; THE SCHOOL OF LIBERAL ARTS & SCIENCES; AND THE SCHOOL OF MEDIA ARTS. COLUMBIA COLLEGE CHICAGO CONSISTS OF THREE SCHOOLS: FINE AND PERFORMING ARTS, LIBERAL ARTS AND SCIENCES AND MEDIA ARTS. IN FALL 2020, THE SCHOOL OF FINE AND PERFORMING ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 3,207 AND A GRADUATE ENROLLMENT OF 104. THE SCHOOL OF LIBERAL ARTS AND SCIENCES HAD AN UNDERGRADUATE ENROLLMENT OF 351 AND A GRADUATE ENROLLMENT OF 61. THE SCHOOL OF MEDIA ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 2,854 AND A GRADUATE ENROLLMENT OF 62. THERE WERE 130 STUDENTS WHO DID NOT HAVE AN OFFICIAL DEPARTMENT. IN THE 2019-2020 ACADEMIC YEAR, THE COLLEGE GRANTED 1,493 DEGREES. THE SCHOOL OF FINE AND PERFORMING ARTS GRANTED 722 DEGREES (652 WERE UNDERGRADUATE), THE SCHOOL OF LIBERAL ARTS AND SCIENCES GRANTED 108 DEGREES (82 WERE UNDERGRADUATE), AND THE SCHOOL OF MEDIA ARTS GRANTED 646 DEGREES (627 WERE UNDERGRADUATE). ADDITIONALLY, 17 DEGREES WERE GRANTED TO UNDERGRADUATE STUDENTS WITHOUT ENROLLMENT IN A SPECIFIC SCHOOL. THERE ARE 17 DEPARTMENTS WITH UNDERGRADUATE PROGRAMS, AND 10 DEPARTMENTS WITH GRADUATE PROGRAMS. 29551343 0 23151789 COLUMBIA COLLEGE CHICAGO PROVIDES HOUSING, FOOD SERVICE AND RESIDENCE LIFE PROGRAMS TO ITS STUDENTS. THE COLLEGE HAS OVER 2,000 BEDS AVAILABLE TO ITS STUDENTS IN FIVE DIFFERENT RESIDENCE CENTERS ON ITS CAMPUS. 195605075 true true false false false false true false true true true false false true true true false true false true false false false true false false true true true true false false false false false false true false false false true true false false false true false false false true 9751 0 true 3294 true true true false false false false true true false false false false false false X 29 28 true false false false false false false true true false false true true true true true true true false false CA X X Matthew Jaehrling 3123697162 600 SOUTH MICHIGAN AVE Chicago IL 60605 BARRY M SABLOFF TREASURER 1.0 0.0 X X 0 0 0 CHESTER T KAMIN VICE CHAIR (THROUGH MAY 2020) 1.0 0.0 X X 0 0 0 HUGH C WILLIAMS VICE CHAIR 1.0 0.0 X X 0 0 0 KWANG-WU KIM PRESIDENT AND CEO, TRUSTEE, EX-OFFICIO 40.0 0.0 X X 546698 0 269724 ROBERT J BUFORD VICE CHAIR (AS OF MAY 2020) 1.0 0.0 X X 0 0 0 SHARON DALENBERG SECRETARY 1.0 0.0 X X 0 0 0 WILLIAM WOLF CHAIR OF THE BOARD 1.0 0.0 X X 0 0 0 ALLISON GRANT WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 ANDREAS WALDBURG-WOLFEGG TRUSTEE 1.0 0.0 X 0 0 0 ARLEN RUBIN TRUSTEE 1.0 0.0 X 0 0 0 AVERILL LEVITON TRUSTEE 1.0 0.0 X 0 0 0 CAYLA WEISBERG TRUSTEE 1.0 0.0 X 0 0 0 DEVIN A GROSS TRUSTEE 1.0 0.0 X 0 0 0 FEDERICK C LOWINGER TRUSTEE 1.0 0.0 X 0 0 0 JAMES E KOPPS JR TRUSTEE 1.0 0.0 X 0 0 0 JAY LEIB TRUSTEE 1.0 0.0 X 0 0 0 JEFF KINNEY TRUSTEE, EX-OFFICIO (AS OF SEP 2020) 1.0 0.0 X 0 0 0 JOHN MCLAIN HOLMES TRUSTEE 1.0 0.0 X 0 0 0 JOHN R GEHRON TRUSTEE 1.0 0.0 X 0 0 0 JUDITH GOLD TRUSTEE 1.0 0.0 X 0 0 0 LEN AMATO TRUSTEE 1.0 0.0 X 0 0 0 LUIS DE LA PARRA TRUSTEE 1.0 0.0 X 0 0 0 MADELINE MOORE BURRELL TRUSTEE 1.0 0.0 X 0 0 0 PAUL BROUCEK TRUSTEE 1.0 0.0 X 0 0 0 PAUL GARNES TRUSTEE 1.0 0.0 X 0 0 0 ROBERT A WISLOW TRUSTEE 1.0 0.0 X 0 0 0 SONA WANG TRUSTEE 1.0 0.0 X 0 0 0 SUSAN V DOWNING TRUSTEE 1.0 0.0 X 0 0 0 TERRY DIAMOND TRUSTEE 1.0 0.0 X 0 0 0 JERRY TARRER SENIOR VP OF BUSINESS AFFAIRS & CFO 40.0 0.0 X 272027 0 41218 MARCELLA DAVID SENIOR VP AND PROVOST 40.0 0.0 X 212877 0 5102 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 40.0 0.0 X 227514 0 39069 ERIC FREEDMAN DEAN OF SCHOOL OF MEDIA ARTS 40.0 0.0 X 203951 0 31517 JEFF SCHIFF DEAN OF GRADUATE STUDIES 40.0 0.0 X 170732 0 31389 MICHAEL JOSEPH VP OF ENROLLMENT MANAGEMENT 40.0 0.0 X 254259 0 25607 ROSITA SANDS DEPARTMENT CHAIR, INTERIM DEAN OF SCHOOL OF FINE AND PERFORMING ARTS 40.0 0.0 X 197590 0 34652 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 40.0 0.0 X 213044 0 56621 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 40.0 0.0 X 194166 0 44934 SUZANNE BLUM MALLEY SENIOR ASSOCIATE PROVOST (THROUGH NOV 2020) 40.0 0.0 X 232505 0 57007 KATHIE KOCH AVP AND CHIEF INFORMATION OFFICER 40.0 0.0 X 250480 0 16465 MARCELO SABATES PROFESSOR 40.0 0.0 X 224031 0 33667 ROBERT GREEN VICE PROVOST FOR DIGITAL LEARNING 40.0 0.0 X 218930 0 34901 SHAWN WAX VP OF DEVELOPMENT AND ALUMNI RELATIONS 40.0 0.0 X 267430 0 40855 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 40.0 0.0 X 222548 0 41188 RICHARD DOWSEK FORMER SVP OF BUSINESS AFFAIRS & CFO; SPECIAL ADVISOR TO THE PRESIDENT 24.0 0.0 X 192500 0 0 4101282 0 803916 122 true true false PepperBMI Construction LLC 643 North Orleans Chicago IL 606543608 Construction 5471331 Executive Construction Inc 235 Fenci Lane Hillside IL 60162 Construction 3413909 HARVARD MAINTENANCE INC 59 Maiden Lane FL 17 NEW YORK NY 10038 MAINTENANCE 2136378 Universal Protection Service LLC 161 Washington Street Suite 600 Eight Tower Bridge Conshohocken PA 19428 Security Services 2035916 Gensler Architecture 4549 Collection Center Drive Chicago IL 60693 Architecture, design, planning & consulting 899977 32 0 0 216657 0 8727748 3429140 495061 12373545 TUITION AND FEES 611600 181291490 181291490 0 0 RESIDENCE CENTERS 611600 23151789 23151789 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 204443279 3885895 0 104511 3781384 0 0 0 0 870 0 0 870 73001 0 0 0 73001 0 73001 0 0 73001 144280342 342000 134354252 340852 9926090 1148 9927238 0 0 9927238 30310 216657 58667 -28357 0 -28357 0 0 0 0 0 0 40097 50953 -10856 0 0 -10856 PERFORMANCE FEES AND BOOK SALES 611600 72757 72757 0 0 CONTRACTED EDUCATION AND TRAINING SERVICES 611600 165295 165295 0 0 course Materials 611600 80352 80352 0 0 411967 310537 550 100880 730371 231394986 205072220 105061 13844160 10000 10000 52846270 52846270 0 0 0 0 3362202 1801858 1383576 176768 0 0 0 0 74873457 60613309 13295803 964345 2902446 2315525 544587 42334 11880593 9478149 2229159 173285 5476496 4369062 1027556 79878 0 0 0 0 71296 1002 70294 0 254280 0 254280 0 0 0 0 0 0 0 2537801 0 2537801 0 14633885 12642609 1946540 44736 1095666 1023255 72366 45 4673359 3357948 1296716 18695 6976277 2616396 4215025 144856 24590 22862 1728 0 33184592 30327126 2762343 95123 816546 667541 139522 9483 0 0 0 0 1626254 808194 758353 59707 4244296 8919 4235377 0 0 0 0 0 15912575 12694800 2985681 232094 772882 250 772632 0 0 0 0 0 238175763 195605075 40529339 2041349 2500 3500 1949607 6710190 791567 1624434 1498543 2112662 0 0 0 0 0 0 5253 0 8204686 7667833 436627349 208440042 234086425 228187307 108441380 119256499 169621786 156351845 0 0 0 0 676799 524601747 522591069 25466865 17743218 0 0 32470197 26458183 52653032 71940551 0 0 0 0 23375077 11111051 0 0 295001 78333 134260172 127331336 X 375607536 379078890 14734039 16180843 0 0 0 0 0 0 390341575 395259733 524601747 522591069 X -6780777 8958254 0 0 0 2740681 X false true X true true true X 6838090 5646117 6351215 7972266 12373546 39181234 0 0 6838090 5646117 6351215 7972266 12373546 39181234 1396360 37784874 3571518 3575327 4912492 5302386 3959766 21321489 16672 16672 719108 416785 290546 243666 171287 1841392 62360787 1130202581 0.6059 0.6386 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INVENTORY INCOME, COLUMN A - 509097.0, COLUMN B - 249627.0, COLUMN C - 144543.0, COLUMN D - 60491.0, COLUMN E - 40097.0, COLUMN F - 1003855.0; DESCRIPTION - GROSS FUNDRAISING INCOME, COLUMN A - 103621.0, COLUMN B - 72090.0, COLUMN C - 69460.0, COLUMN D - 86319.0, COLUMN E - 30310.0, COLUMN F - 361800.0; DESCRIPTION - OTHER INCOME, COLUMN A - 106390.0, COLUMN B - 95068.0, COLUMN C - 76543.0, COLUMN D - 96856.0, COLUMN E - 100880.0, COLUMN F - 475737.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 361831 17573327 X X X X true 190972645 139082 19049789 331047 8153055 0 201677414 196912601 692133 1791231 298767 8124553 0 190972645 173049139 21035270 10843467 263445 7751830 0 196912601 141980157 20083073 19748982 226725 8536348 0 173049139 131641189 10040994 5889819 164600 5427245 0 141980157 0.9434 0.0174 0.0392 false false 21898620 21898620 329837042 153811021 176026021 0 0 0 52004375 42416174 9588201 32887312 12212847 20674465 228187307 Other Equity Investments 96758504 F Alternative Investments 59593341 F 156351845 Deferred Compensation Payable 78333 78333 X 186007559 8958254 0 0 0 8958254 177049305 2537801 51807880 54345681 231394986 181089401 0 0 0 109620 109620 180979781 2537801 54658181 57195982 238175763 Schedule D, Part III, Line 4 Collections of art - description of collections THE MUSEUM OF CONTEMPORARY PHOTOGRAPHY (MOCP) AIMS TO PROMOTE A GREATER UNDERSTANDING AND APPRECIATION OF ARTISTIC , CULTURAL AND POLITICAL IMPLICATION OF THE PHOTOGRAPHIC IMAGES IN OUR WORD TODAY AS WELL AS PRESERVE ARTIFACTS OF HISTORICAL AND CULTURAL SIGNIFICANCE. THE COLLEGE ALSO MAINTAINS COLLECTION OF FASHION DESIGNS, PAINTINGS, DRAWINGS, AND OTHER FORMS OF ARTISTIC EXPRESSION TO PRESERVE THESE PIECES FOR THEIR HISTORICAL SIGNIFICANCE AND TO USE FOR SCHOLARLY RESEARCH AND PEDANTIC PURPOSES. Schedule D, Part V, Line 4 Intended uses of endowment funds PROVIDE FUNDING FOR SCHOLARSHIPS AND EDUCATIONAL PROGRAMS OR OTHER APPROPRIATE PURPOSES PER DONOR RESTRICTIONS AND REQUIREMENTS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College has received a determination letter from the Internal Revenue Service (IRS) indicating that it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code of 1986 and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements, as the College has had no significant unrelated business income. In accordance with U.S. generally accepted accounting principles (GAAP), the College recognizes 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 the taxing authorities, based on the technical merits of the position. Based upon this practice the College, as of August 31, 2020 and 2019, believes it has no significant uncertain tax positions. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHOLARSHIPS - 51917500 FUNDRAISING - -58667 COST OF GOODS SOLD - -50953 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING - 58667 COST OF GOODS SOLD - 50953 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS - 51917500 CHANGE IN PENSION COST - 3743596 NET PERIODIC PENSION COST - -1002915 true 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 Included in all recruitment materials Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Columbia College Chicago receives support from the U.S. Department of Education, National Endowment for the Arts, Illinois State Board of Education and the Illinois Arts Council. Europe (Including Iceland and Greenland) 0 0 Program Services SEMESTER STUDY ABROAD: ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 136385 East Asia and the Pacific 0 0 Program Services SEMESTER STUDY ABROAD: ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 13417 South America 0 0 Program Services SEMESTER STUDY ABROAD: ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 1122 North America (Canada & Mexico only) 0 0 Program Services SEMESTER STUDY ABROAD: ADMISSIONS, RECRUITING, BUSINESS TRAVEL (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 5896 Sub-Saharan Africa 0 0 Program Services SEMESTER STUDY ABROAD: ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL ABROAD TO ATTEND SEMINARS AND CONFERENCES) 1187 Central America and the Caribbean 0 0 Program Services SEMESTER STUDY ABROAD: ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 1001 Central America and the Caribbean 0 0 Investments 49284945 Middle East and North Africa 0 0 Program Services SEMESTER STUDY ABROAD: ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 1444 Russia and Neighboring States 0 0 Program Services SEMESTER STUDY ABROAD: ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 1311 0 0 0 0 0 0 49446708 0 49446708 true false true true true true MOCP BENEFIT (DARKROOM) 246967 216657 30310 0 0 0 14953 500 43214 0 0 246967 216657 30310 0 0 0 14953 500 43214 58667 -28357 true FILTER PHOTO LTD 1821 WEST HUBBARD STE 207 CHICAGO IL 60622 462070232 501(C)(3) 5000 SUPPORT OF COMMUNITY ART EXPOSITIONS LLC 372 W ONTARIO ST STE 502 CHICAGO IL 60654 300684317 5000 SUPPORT OF COMMUNITY 1 1 INSTITUTIONAL SCHOLARSHIP 5632 51917500 0 N/A N/A TUITION WAIVERS 64 928770 0 N/A N/A Schedule I, Part III, Column (b) Estimated Number Of Recipients INSTITUTIONAL SCHOLARSHIP : THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES DETERMINES A STUDENT'S FINANCIAL NEED, AN INTERNAL COMMITTEE ANALYZES THE NEEDS OF ALL STUDENTS, AND BASED ON THE COMMITTEE'S ANALYSIS AID IS AWARDED AS NEEDED AND POSTED TO THE STUDENT'S ACCOUNT. Schedule I, Part III, Column (b) Estimated Number Of Recipients TUITION WAIVERS : THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES DETERMINES A STUDENT'S FINANCIAL NEED, AN INTERNAL COMMITTEE ANALYZES THE NEEDS OF ALL STUDENTS, AND BASED ON THE COMMITTEE'S ANALYSIS AID IS AWARDED AS NEEDED AND POSTED TO THE STUDENT'S ACCOUNT. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES DETERMINES A STUDENT'S FINANCIAL NEED, AN INTERNAL COMMITTEE ANALYZES THE NEEDS OF ALL STUDENTS, AND BASED ON THE COMMITTEE'S ANALYSIS AID IS AWARDED AS NEEDED AND POSTED TO THE STUDENT'S ACCOUNT. GRANTS AND ASSISTANCE TO OTHER ORGANIZATIONS ARE DETERMINED BY THE DEPARTMENTS TO TAKE ADVANTAGE OF THE OPPORTUNITY TO COLLABORATE WITH LEADING ARTS COMMUNITY PARTNERS AND TO PROVIDE EXPOSURE AND INTERNSHIPS TO COLUMBIA COLLEGE CHICAGO STUDENTS. THERE ARE ASSOCIATED PERFORMANCE METRICS OR BENEFITS FOR THE SPONSORSHIPS. X X true true X X X true false false false false false false false false KWANG-WU KIM PRESIDENT AND CEO, TRUSTEE, EX-OFFICIO 458534 0 46000 0 42164 0 160000 0 109724 0 816422 0 0 0 JERRY TARRER SENIOR VP OF BUSINESS AFFAIRS & CFO 271010 0 0 0 1017 0 18816 0 22402 0 313245 0 0 0 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 223795 0 0 0 3719 0 30335 0 8734 0 266583 0 0 0 MARCELLA DAVID SENIOR VP AND PROVOST 211673 0 0 0 1204 0 0 0 5102 0 217979 0 0 0 SUZANNE BLUM MALLEY SENIOR ASSOCIATE PROVOST (THROUGH NOV 2020) 231656 0 0 0 849 0 31404 0 25603 0 289512 0 0 0 MICHAEL JOSEPH VP OF ENROLLMENT MANAGEMENT 251632 0 0 0 2627 0 0 0 25607 0 279866 0 0 0 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 211569 0 0 0 1475 0 29489 0 27132 0 269665 0 0 0 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 193105 0 0 0 1061 0 20025 0 24909 0 239100 0 0 0 ERIC FREEDMAN DEAN OF SCHOOL OF MEDIA ARTS 201887 0 0 0 2064 0 14022 0 17495 0 235468 0 0 0 ROSITA SANDS DEPARTMENT CHAIR, INTERIM DEAN OF SCHOOL OF FINE AND PERFORMING ARTS 194990 0 0 0 2600 0 25919 0 8733 0 232242 0 0 0 JEFF SCHIFF DEAN OF GRADUATE STUDIES 168296 0 0 0 2436 0 22655 0 8734 0 202121 0 0 0 SHAWN WAX VP OF DEVELOPMENT AND ALUMNI RELATIONS 265361 0 0 0 2069 0 18455 0 22400 0 308285 0 0 0 KATHIE KOCH AVP AND CHIEF INFORMATION OFFICER 248786 0 0 0 1694 0 0 0 16465 0 266945 0 0 0 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 220703 0 0 0 1845 0 15591 0 25597 0 263736 0 0 0 MARCELO SABATES PROFESSOR 222702 0 0 0 1329 0 15194 0 18473 0 257698 0 0 0 ROBERT GREEN VICE PROVOST FOR DIGITAL LEARNING 217332 0 0 0 1598 0 10186 0 24715 0 253831 0 0 0 RICHARD DOWSEK FORMER SVP OF BUSINESS AFFAIRS & CFO; SPECIAL ADVISOR TO THE PRESIDENT 142500 0 50000 0 0 0 0 0 0 0 192500 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use PERSONAL USE OF HOUSING IS GENERALLY BASED ON THE PROVISIONS OF THE PRESIDENT'S SERVICES AGREEMENT WITH THE COLLEGE. THE VALUE OF THE HOUSING PROVIDED IS NOT TAXABLE TO THE EXTENT IT IS A CONDITION OF EMPLOYMENT AND NECESSARY TO CARRY ON THEIR DUTIES. Schedule J, Part I, Line 1a Health or social club dues or initiation fees SOCIAL CLUB DUES OR INITIATION FEES ARE GENERALLY PROVIDED BASED ON THE PROVISIONS OF THE PRESIDENT'S SERVICES AGREEMENT WITH THE COLLEGE Schedule J, Part I, Line 4a Severance or change-of-control payment ROBERT GREENE - $51,984 THE PAYMENT MADE IS UNDER A SEPARATION OR TERMINATION AGREEMENT VOLUNTARILY ENTERED INTO BY THE PARTIES. THE COLLEGE ENTERED INTO SUCH AGREEMENT TO PROTECT AGAINST FUTURE CLAIMS, AS WELL AS SEVER THE EMPLOYMENT RELATIONSHIP IN A BUSINESSLIKE MANNER. A Illinois Finance Authority 861091967 45203H5Q1 2015-10-15 52985952 Current refunding of 2003, 2007 and 2011 issues false false false B Illinois Finance Authority 861091967 000000000 2013-10-30 7850000 PARTIAL REFUNDING OF 2003 ISSUE false false false C Illinois Finance Authority 861091967 000000000 2019-11-20 20378049 PARTIAL REIMBURSEMENT OF NEW BUILDING CONSTRUCTION. false false false A 4981710 0 59126710 0 1720194 667246 0 0 0 56739270 0 2015 true true true true B 7560000 0 7850000 0 0 0 155000 0 0 0 7695000 0 2013 true false true true C 0 0 20378049 0 0 0 270091 0 0 0 20107958 0 2019 false false true true A false false true true false 0.0 0.0 0.0 false false true true B false false true true false 0.0 0.0 0.0 false true 0.22 true true C false false true true false 0.0 0.0 0.0 false false true A false false false true false false false false true B false false false true false false false false true C false true false false false false false false true A true B true C true Schedule K, Part II Total Proceeds of Issue The difference between the issue price of the bonds and the total proceeds of the issue listed is due to the cash transfer from the Debt Service Fund and Debt Service Reserve Fund for the Refunded Bonds and the institutional cash contribution. Schedule K, Part I, Column (c) CUSIP for issuance 11/20/2019 The CUSIP's for this issuance are 45204E4N5; 45204E4P0; 45204E4Q8; 45204E4R6; 45204E4S4 Schedule K, Part IV, Line 2c COLUMN B Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 12/18/2018 26610 Tuition Remission Tuition Remission Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS AS PER IRS INSTRUCTIONS FOR 990 SCHEDULE L, SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. COLUMNS (A) AND (B) SHOULD BE LEFT BLANK FOR THESE LINES. X 136 361831 Opinions of experts X 4200 Market value X 5 91874 Market value X Miscellaneous - sport tickets, theatre tickets, food items, etc. 72 13023 Market value X Services - picture framing, catering, guest speaking, printing, education services, etc. 79 24133 Market value 9 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE COLLEGE HAS A CONSIGNMENT AGREEMENT WITH A GALLERY FOR THE SALE OF DONATED ART Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - APPRAISALS THE NUMBER OF DONORS. Other - Miscellaneous - sport tickets, theatre tickets, food items, etc. NUMBER OF DONORS Securities - Publicly traded - NUMBER OF DONORS Books and publications - NUMBER OF DONORS Other - Services - picture framing, catering, guest speaking, printing, education services, etc. NUMBER OF DONORS Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES THE PRESIDENT/CEO HAS THE AUTHORITY TO HIRE AND SET INITIAL AND ONGOING COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD IS MADE AWARE OF SALARIES, BONUSES AND BENEFITS ON AN ANNUAL BASIS. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of the Chair, Vice Chairs, Secretary, Treasurer and the Chairs of the standing committees. When the Board is not in session, the Executive Committee shall, except as otherwise provided by law, these Bylaws, or expressly by the Board of Trustees, have the authority to act for the Board on all matters except for the following, which shall be reserved for the board: Presidential selection and termination; Trustee and Board officer selection; changes in institutional mission and purposes; adoption, amendments to or repeal of the Articles of Incorporation or Bylaws; incurring corporate indebtedness; adoption of a plan for the distribution or sale of all or substantially all of the College assets or tangible property; adoption of the annual budget; and determination of the existence of an Adverse Circumstance pursuant to the College's Statement of Policy on Academic Freedom, Faculty Status, Tenure and Due Process. The Committee shall also oversee the management and development of the College's physical plant to ensure alignment with the College's mission and strategic plans. The Committee shall meet as often as necessary to conduct its business, as the Chair shall determine. Form 990, Part VI, Line 11b Review of form 990 by governing body INTERNAL MANAGEMENT WILL REVIEW THE FORM 990 WITH THE PAID TAX PREPARER. THE 990 WILL THEN BE SUBMITTED TO THE ORGANIZATION'S GENERAL COUNSEL FOR REVIEW. THE FORM IS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AS WELL AS THE BOARD OF TRUSTEES FOR REVIEW AND COMMENTS BEFORE IT IS FILED WITH THE IRS. THE BOARD WILL BE GIVEN A DEADLINE TO SUBMIT QUESTIONS AND COMMENTS. Form 990, Part VI, Line 12c Conflict of interest policy PURSUANT TO POLICY, DIRECTORS, OFFICERS, AND TRUSTEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. CONFLICTS MUST BE DISCLOSED, AND ACKNOWLEDGEMENT MADE OF THE DUTY TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. DISCLOSURES ARE ALSO SUBMITTED BY STAFF. DURING THE YEAR, THE BOARD OF TRUSTEES COMPLETED AND SUBMITTED CONFLICT OF INTEREST FORMS. REPORTED CONFLICTS ARE SUBMITTED TO THE AUDIT COMMITTEE FOR EVALUATION. CONFLICTED BOARD MEMBERS ARE PROHIBITED FROM VOTING ON AND PARTICIPATING IN DISCUSSION OF CONFLICTED TRANSACTIONS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PRESIDENTIAL EVALUATION SUBCOMMITTEE OF THE BOARD OF TRUSTEES, USING VARIOUS DATA SOURCES INCLUDING COMPARATIVE DATA, CREATES AN EMPLOYMENT CONTRACT FOR THE PRESIDENT. THE FINAL CONTRACT IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL AND IS RATIFIED BY THE BOARD OF TRUSTEES WHICH IS DOCUMENTED IN THE MINUTES. THIS PROCESS WAS UNDERTAKEN IN 2018. ANNUALLY, THE PRESIDENTIAL EVALUATION SUBCOMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE BASE SALARY AND PERFORMANCE BONUS FOR THE PRESIDENT. THE SUBCOMMITTEE MET ON JULY 10, 2020, AND BASED UPON THEIR RECOMMENATION THE ANNUAL BASE SALARY WAS INCREASED, A PERFORMANCE BONUS WAS AWARDED, AND A MODIFICATION WAS MADE TO FUTURE DEFERRED COMPENSATION PAYMENTS. THIS WAS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND WAS SUBSEQUENTLY APPROVED. Form 990, Part VI, Line 19 Required documents available to the public AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Vending Commissions - Total Revenue: 100880, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 100880; Miscellaneous Income - Total Revenue: 164024, Related or Exempt Function Revenue: 164024, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Advertising - Total Revenue: 32969, Related or Exempt Function Revenue: 32419, Unrelated Business Revenue: 550, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Indirect Cost Recovery - Total Revenue: 60120, Related or Exempt Function Revenue: 60120, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Rental Income related to Program Services - Total Revenue: 23197, Related or Exempt Function Revenue: 23197, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Insurance Recoveries - Total Revenue: 30777, Related or Exempt Function Revenue: 30777, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN PENSION COST - 3743596; NET PERIODIC PENSION COST - -1002915; EDUCATIONAL ADVANCEMENT FUND INC 525 S STATE STREET CHICAGO IL 60605 364480416 UNIVERSITY HOUSING IL 501(c)(3) 11 NA false false false false false false false false false false false false false true false true false false false false