2020-04-13T11:50:59-05:00 2019-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2018-07-01 362167804 NATIONAL LOUIS UNIVERSITY % MARTY MICKEY VP OF FINANCE NATI 8479475580 1000 CAPITOL DRIVE WHEELING IL 60090 MARTY MICKEY VP OF FINANCE 8479475580 2019-05-15 true Lauren R Denton P01571860 2604604000 167.68.126.162 35027420201045000002 2020-04-13 P D9CBFF5318EE11A3B242CF0B6BC9875E3C286EE1 24AFAAB6F2469FB738EC766CE6E703B897A40E51 2018 2020-11-06 18:47:13Z NIVINE MEGAHED PRESIDENT 122 S MICHIGAN AVE CHICAGO IL 60603 115733032 false X WWW.NL.EDU X 1912 IL PROVIDING ACCESS TO QUALITY HIGHER EDUCATION THAT NURTURES OPPORTUNITY FOR STUDENTS THROUGH INNOVATIVE TEACHING, SCHOLARSHIP, COMMUNITY ENGAGEMENT AND SERVICE EXCELLENCE. 21 21 1559 21 0 0 11277837 12906003 60892709 82759688 4559619 1038268 624647 799042 77354812 97503001 2375680 4000369 0 0 46166792 57778462 2750 0 1271932 25926453 35060005 74471675 96838836 2883137 664165 92450961 109741867 34726093 37155740 57724868 72586127 X NATIONAL LOUIS UNIVERSITY'S MISSION IS TO DEVELOP HIGHLY COMPETENT AND HUMANE INDIVIDUALS TO SERVE AND LEAD IN AN INCREASINGLY DIVERSE AND GLOBAL SOCIETY. CENTRAL TO THIS MISSION IS A COMMITMENT TO LIFE-LONG AND ACTIVE ENGAGEMENT IN LEARNING. AS AN INDEPENDENT, NOT-FOR-PROFIT UNIVERSITY THAT VALUES TEACHING, NLU LINKS TESTED THEORY AND PRACTICE WITH THE ON-GOING EXPERIENCES OF ITS STUDENTS. true false 74675290 4000369 83558730 INSTRUCTION - THE UNIVERSITY SERVED 9,042 STUDENTS IN ITS VARIOUS PROGRAMS OF INSTRUCTION. 11605842 PUBLIC SERVICE - THE UNIVERSITY PROVIDES A NUMBER OF EDUCATIONAL AND CULTURAL PROGRAMS FOR THE GENERAL COMMUNITY. 86281132 true true false true false false false false false true true false false false true false true false true true true false false false false false false false true true true false false false false false false false false false false false false false false false true false false false true 105 0 1559 true false false false false false false false false false false false false X 21 21 true false false false false false false true true false false true true true true true true true true false IL X MARTY MICKEY VP OF FINANCE 8479475580 1000 CAPITOL DRIVE WHEELING IL 60090 SCOTT C SMITH TRUSTEE, CHAIRMAN OF BOARD 4.0 0.0 X 0 0 0 THOMAS J FORMOLO TRUSTEE, VICE CHAIR OF BOARD 4.0 0.0 X 0 0 0 JUAN C AVILA TRUSTEE 1.0 0.0 X 0 0 0 PENNY BROWN TRUSTEE 1.0 0.0 X 0 0 0 BRENDAN CARROLL TRUSTEE 1.0 0.0 X 0 0 0 JULIE CHAVEZ TRUSTEE 1.0 0.0 X 0 0 0 PETER B CHERECWICH TRUSTEE 1.0 0.0 X 0 0 0 MICHELLE L COLLINS TRUSTEE 1.0 0.0 X 0 0 0 JANET FROETSCHER TRUSTEE 1.0 0.0 X 0 0 0 JACK D FURST TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY R KULWIN TRUSTEE 1.0 0.0 X 0 0 0 J MICHAEL LOCKE TRUSTEE 1.0 0.0 X 0 0 0 R TIGHE MAGNUSON TRUSTEE 1.0 0.0 X 0 0 0 RICHARD H MALONE TRUSTEE 1.0 0.0 X 0 0 0 ROXANE MCLEAN TRUSTEE 1.0 0.0 X 0 0 0 OLIVER R MERRILL TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN P NIXON TRUSTEE 1.0 0.0 X 0 0 0 LOUISE L PERRIN TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH QUAZZO TRUSTEE 1.0 0.0 X 0 0 0 IAN G ROSS TRUSTEE 1.0 0.0 X 0 0 0 MARIO M TRICOCI TRUSTEE 1.0 0.0 X 0 0 0 NIVINE MEGAHED PRESIDENT 50.0 0.0 X 393266 0 53592 ALISON HILSABECK PROVOST 50.0 0.0 X 234859 0 33259 MARTY MICKEY TREASURER & VP, FINANCE 50.0 0.0 X 165508 0 48398 THOMAS BERGMANN VP, HUMAN RESOURCES 50.0 0.0 X 168190 0 33848 CAROLE WOOD VP, ADVANCEMENT 50.0 0.0 X 195385 0 18073 AARTI DHUPELIA VP, UNDERGRADUATE EDUCATION 50.0 0.0 X 200503 0 18961 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 50.0 0.0 X 173329 0 17468 RICHARD YACONIS SINCE 218 VP, ENROLLMENT AND MARKETING 50.0 0.0 X 176679 0 30988 DIANE TRAUSCH SEC. & DIR. OF BOARD RELATIONS 50.0 0.0 X 85719 0 9997 ROBERT MULLER DEAN, NATIONAL COLLEGE OF EDU. 40.0 0.0 X 195392 0 61215 JUDAH VIOLA DEAN, COLLEGE OF PROF. STUDIES 40.0 0.0 X 149535 0 45113 KAVITA MATSKO DIR STRATEGIC INNOV & RESEARCH 40.0 0.0 X 147683 0 42292 CHAD BOERSEMA DIRECTOR OF BUS. INTELLIGENCE 40.0 0.0 X 132386 0 40666 MICHAEL CARR DEPUTY PROVOST 40.0 0.0 X 132817 0 36650 2551251 0 490520 36 false true false MOTION AGENCY 325 N LASALLE DR STE 500 CHICAGO IL 60654 ADVERTISING 1271204 HELIX EDUCATION INC PO BOX 894 SALT LAKE CITY UT 84110 ONLINE EDU SERVICES 1787726 BABB GROUP INC 2549B EASTBLUFF DR STE 500 NEWPORT BEACH CA 92660 ONLINE EDU SERVICES 690250 ELLUCIAN COMPANY LP 4375 FIAR LAKES COURT FAIRFAX VA 22033 TECHNOLOGY SERVICES 539400 CDW GOVERNMENT INC 200 N MILWAUKEE AVE VERNON HILLS IL 60061 TECHNOLOGY PRODUCTS 711393 40 8269338 4636665 12906003 TUITION AND FEES 611710 79423824 79423824 SALES AND SERVICES OF EDUCATIONAL ACTIVITIES 611710 1837526 1837526 AUXILIARY ENTERPRISES 721000 1498338 1498338 82759688 1027785 1027785 0 0 267215 354166 -86951 0 -86951 -86951 17886348 17875865 10483 10483 10483 0 0 0 0 0 0 0 0 0 OTHER 900099 885993 885993 885993 97503001 83558730 1038268 0 4000369 4000369 0 0 2132194 1268656 639658 223880 0 44840328 40033520 4216484 590324 1514943 1291302 204615 19026 6001519 5113776 812220 75523 3289478 2803897 444271 41310 0 138963 138963 107683 107683 60258 60258 0 0 8757916 7722555 940279 95082 962111 839498 65447 57166 5131947 5015949 114396 1602 0 0 8881821 8519885 308541 53395 877531 802651 73913 967 0 796798 681013 105888 9897 911692 773918 126053 11721 0 2312675 1963207 319738 29730 430741 367154 58177 5410 OTHER 5689869 5083782 549188 56899 96838836 86281132 9285772 1271932 0 0 5462631 12339650 632120 826361 12060603 6771084 0 0 0 0 1328629 1202892 0 0 1094692 1233381 83976271 32865827 35314652 51110444 32066886 34550067 4490748 1707988 0 0 0 0 0 0 92450961 109741867 4378459 7345341 0 0 10404526 2404271 18737658 26200678 0 0 0 0 0 0 0 0 1205450 1205450 34726093 37155740 X 40625279 55356990 4386822 4494631 12712767 12734506 57724868 72586127 92450961 109741867 X 664165 503306 13693788 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 60258 false false 60258 false false Part II-B DURING 2018-19, THE UNIVERSITY UTILIZED THE SERVICES OF CONLON & DUNN, A PUBLIC STRATEGIES FIRM, TO ASSIST IN ARRANGING MEETINGS WITH VARIOUS LEGISLATORS IN THE STATE OF ILLINOIS FOR THE PURPOSE OF INFORMING SUCH LEGISLATORS ABOUT PROPOSED EDUCATION LEGISLATION FOR WHICH THE UNIVERSITY INCURRED $60,258 IN EXPENSES. 36458085 21739 1381839 1762184 36099479 36561402 35078 1828073 1966468 36458085 31506613 2559371 3194104 698686 36561402 32694522 29051 -861155 355805 31506613 32302322 470075 307877 385752 32694522 0.58000 0.42000 false false 1598774 1598774 55577936 15575308 40002628 6618250 6172010 446240 8891620 6694978 2196642 11289691 4423531 6866160 51110444 0 ADVANCE FROM GOVERNMENT - PERK 1205450 1205450 94360104 503306 354166 857472 93502632 4000369 4000369 97503001 93192633 354166 354166 92838467 4000369 4000369 96838836 SCHEDULE D, PART V, LINE 1G OF THE $36,099,479 ENDING ENDOWMENT FUND BALANCE AT JUNE 30, 2019, $21,106,411 OF THIS AMOUNT IS UNRESTRICTED QUASI-ENDOWMENT. PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT ASSETS INCLUDE ASSETS THAT ARE CHARACTERIZED AS PERMANENTLY RESTRICTED AND QUASI-ENDOWMENT. SPENDING OF INCOME FROM THE PERMANENTLY RESTRICTED ENDOWMENT IS RESTRICTED TO THOSE DESIGNATIONS AS PROVIDED BY THE DONOR OF THE PERMANENTLY RESTRICTED FUNDS. SPENDING OF INCOME FROM THE QUASI-ENDOWMENT IS DESIGNATED BY THE UNIVERSITY'S BOARD OF TRUSTEES AND HELPS TO FUND THE OPERATIONS OF THE UNIVERSITY. PART XI & XII, LINE 2D EXPENSES OF $354,166 RELATED TO THE UNIVERSITY'S RENTAL INCOME WERE INCLUDED IN THE EXPENSE SECTION OF THE UNIVERSITY'S STATEMENT OF ACTIVITIES. PART XI & XII, LINE 4B STUDENT FINANCIAL AID OF $4,000,369 WAS INCLUDED IN THE INCOME SECTION OF THE UNIVERSITY'S STATEMENT OF ACTIVITIES. SCHEDULE D MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE UNIVERSITY CUSTOMARILY DRAWS THE MAJORITY OF ITS STUDENTS FROM THE LOCAL COMMUNITIES IT SERVES AND IT FOLLOWS A RACIALLY AND NONDISCRIMINATORY POLICY AS TO STUDENTS WHICH IS INCLUDED IN THE UNIVERSITY'S CATALOG AND ADMISSION AND APPLICATION INFORMATION. FURTHER, THE UNIVERSITY'S PROMOTION ACTIVITIES AND RECRUITING EFFORTS ARE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS OF THE PROGRAM IT HAS AVAILABLE. SCHEDULE E, PART I, LINE 6A THE UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT. true Europe (Including Iceland and Greenland) 1 1 Program Services INSTRUCTION 12000 Central America and the Caribbean CONTRIBUTION REVENUE 300000 South America CONTRIBUTION REVENUE 25000 East Asia and the Pacific CONTRIBUTION REVENUE 30000 1 1 1 1 367000 367000 false false false false false false SCHEDULE F NATIONAL LOUIS UNIVERSITY (NLU) HAS AN AGREEMENT WITH AN EDUCATION INSTITUTION IN NOWY SACZ, POLAND, WYZSZA SZKOLA BIZNESU - NATIONAL LOUIS UNIVERSITY (WSB-NLU), WHEREBY NLU PROVIDES WSB-NLU WITH CURRICULUM FOR CERTAIN OF ITS CLASSES WHICH IT UTILIZES IN ITS TEACHINGS AND EDUCATIONAL INSTRUCTION. CERTAIN WSB-NLU STUDENTS MAY BE AWARDED DUAL DEGREES FROM NLU AND WSB-NLU UPON GRADUATION, DEPENDING ON THE EDUCATIONAL TRACK THAT THEY UTILIZE. NLU ACHIEVES OVERSIGHT OF THE USE OF ITS CURRICULUM AT WSB-NLU BY EMPLOYING AN NLU EMERITUS FACULTY MEMBER AS AN ON-SITE LIAISON AT WSB-NLU; THROUGH PHONE CONFERENCES HELD AT LEAST ONCE PER MONTH BETWEEN THE PROREKTOR (PROVOST) OF WSB-NLU AND THE PROVOST OR PROVOST'S DESIGNEE AT NLU; AND THROUGH IN-PERSON VISITS TO WSB-NLU AT LEAST ONCE PER YEAR BY NLU'S PROVOST, PRESIDENT OR DESIGNEE. SCHEDULE F During fiscal year 2019, the University received $355,000 in consideration from higher education institutions in Mexico (Universidad del Valle de Mexico, S.C. ), Chile (Instituto Profesional AIEP), Panama (Universidad Interamericana de Panama), Ecuador (Universidad de las Americas) and Malaysia (INTI International University) under agreements with each institution whereby such institution utilized certain culinary curriculum of the University. In connection with such agreements, the University incurred oversight and travel expenses by certain members of its culinary faculty to validate the appropriate utilization of such curriculum. true STUDENT FINANCIAL AID 499 4000369 SCHEDULE I Each fiscal year the president's leadership team determines the amount of scholarships and discounts for the year. Awards are based on different criteria and are tracked within the approved budget. Student aid is handled by the student finance office and credited directly to the student's account. Each student applies for financial aid by filling out the free application for federal student aid (FAFSA). The award is based on information provided in this application. Students can also apply for grants and scholarship based on eligibility. X true true X X X X X X false true false false false false false false false NIVINE MEGAHED PRESIDENT 371799 0 21467 24500 29092 446858 ALISON HILSABECK PROVOST 229097 5000 762 24500 8759 268118 MARTY MICKEY TREASURER & VP, FINANCE 165250 0 258 7200 41198 213906 THOMAS BERGMANN VP, HUMAN RESOURCES 168052 0 138 8739 25109 202038 CAROLE WOOD VP, ADVANCEMENT 183130 0 12255 17782 291 213458 AARTI DHUPELIA VP, UNDERGRADUATE EDUCATION 190443 10000 60 7722 11239 219464 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 161723 0 11606 6640 10828 190797 RICHARD YACONIS SINCE 218 VP, ENROLLMENT AND MARKETING 163942 5000 7737 5550 25438 207667 ROBERT MULLER DEAN, NATIONAL COLLEGE OF EDU. 191134 4000 258 24500 36715 256607 JUDAH VIOLA DEAN, COLLEGE OF PROF. STUDIES 149475 0 60 17932 27181 194648 KAVITA MATSKO DIR STRATEGIC INNOV & RESEARCH 147593 0 90 17897 24395 189975 CHAD BOERSEMA DIRECTOR OF BUS. INTELLIGENCE 129796 2500 90 5640 35026 173052 MICHAEL CARR DEPUTY PROVOST 130227 2500 90 5133 31517 169467 SCHEDULE J THE UNIVERSITY HAS A MEMBERSHIP IN A LOCAL SOCIAL CLUB THAT IS IN THE PRESIDENT'S NAME WHICH IS FOR THE PURPOSE OF HELPING PROMOTE AND CONDUCT BUSINESS ON BEHALF OF THE UNIVERSITY. THE SOCIAL CLUB MEMBERSHIP IS USED 100 PERCENT FOR BUSINESS AND THE PRESIDENT USES THE ACCOUNTABLE PLAN RULES FOR DOCUMENTING THE BUSINESS USE. PART I, LINE 4B THE UNIVERSITY HAS A 457(F) DEFERRED COMPENSATION PLAN IN WHICH THE UNIVERSITY'S PRESIDENT PARTICIPATES. IN FISCAL YEARS 2017, 2018 AND 2019, THE UNIVERSITY CONTRIBUTED $80,000, $85,000, AND $90,000, RESPECTIVELY, TO THIS PLAN. ON JUNE 30, 2019, THE AMOUNTS IN THIS PLAN VESTED IN ACCORDANCE WITH THE TERMS OF THE PLAN AS THE PRESIDENT WAS STILL EMPLOYED BY THE UNIVERSITY ON THAT DATE AND THE APPRECIATED VALUE OF THE ACCUMULATED AMOUNT ($298,872), WAS PROVIDED TO THE PRESIDENT IN JULY OF 2019. PART II, LINE 1, COLUMN I & II, COMPENSATION AND BONUS Provided that Dr. Megahed is working as President on the last pay period of the current contract year ending June 30, the University shall provide Dr. Megahed a bonus payment conditioned upon her achievement of mutually agreed objectives. The University will pay such amount, if any, at such times and under such other terms and conditions as the Board of Trustees of the University shall determine in its sole discretion. A ILLINOIS FINANCE AUTHORITY 861091967 2019-05-07 26500000 SEE PART VI false false false A 17624383 17624383 26500000 8574286 0 0 301331 0 0 464000 0 8102000 2020 true false true true A false false false false 0 false false false true A false true false false 0 false 0 false true A true PART I, LINE F THE BONDS ISSUED ON MAY 7, 2019 WERE USED TO (I) REFUND ALL OF THE CURRENTLY OUTSTANDING BONDS FROM THE ILLINOIS EDUCATIONAL FACILITIES AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS, NATIONAL LOUIS UNIVERSITY SERIES 1999A&B (THE SERIES 1999 BONDS); (II)FINANCE, REFINANCE AND REIMBURSE CERTAIN COSTS OF THE CONSTRUCTION AND EQUIPPING OF THE UNIVERSITYS EDUCATIONAL FACILITIES AT 18 S. MICHIGAN, CHICAGO, ILLINOIS; AND PAY CERTAIN EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE ILLINOIS FINANCE AUTHORITY $26,500,000 SERIES 2019 BONDS AND THE REFUNDING OF THE SERIES 1999 BONDS. FORM 990, PART III, LINE 2 On August 6, 2018, the University acquired the net assets and programs of Kendall College. National Louis evaluated this acquisition to be a positive business opportunity that would provide additional program offerings to its students. Kendall was founded in 1934 and offered students undergraduate degrees in business, culinary arts, early childhood education and hospitality management. The University served approximately 850 students in former Kendall programs in the fall of 2018. In connection with the transaction, National Louis paid $1.00 for the net assets and programs of Kendall and received an inherent contribution of $14,060,000 from Laureate Education, Inc., (the former parent company of Kendall. SUCH FUNDS WERE USED TO RENOVATE A NEW FACILITY FOR THE kENDALL cOLLEGE cULINARY PROGRAMS AT 18 S. MICHIGAN IN CHICAGO. FORM 990, PART VI, SECTION A, LINE 2 DR. NIVINE MEGAHED, PRESIDENT OF THE UNIVERSITY, AND THOMAS FORMOLO, UNIVERSITY TRUSTEE, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARATION AND REVIEW PROCESS FOLLOWED BY THE UNIVERSITY WITH RESPECT TO THE FORM 990 IS AS FOLLOWS: THE 990 INFORMATION IS PREPARED BY THE UNIVERSITY'S ACCOUNTING DEPARTMENT AND THEN THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. A DRAFT COPY IS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY UNDER WHICH THE UNIVERSITY'S TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE TO THE PRESIDENT'S OFFICE ANY CONFLICTS OF INTEREST THAT THEY MAY HAVE WITH THE UNIVERSITY. IF A CONFLICT OF INTEREST WAS DISCLOSED, THE PERSON WITH THE CONFLICT WOULD RECUSE THEMSELVES FROM ANY DISCUSSION REGARDING THE PERTINENT ITEM. FORM 990, PART VI, SECTION B, LINE 15B THE UNIVERSITY'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE WHO HAS THE RESPONSIBILITY AND AUTHORITY TO REVIEW AND APPROVE ALL CURRENT AND FUTURE COMPENSATION MATTERS FOR THE UNIVERSITY'S PRESIDENT, INCLUDING BUT NOT LIMITED TO BASE PAY, BONUS OR INCENTIVE PAY, DEFERRED COMPENSATION AND FRINGE BENEFITS. THE BOARD SETS COMPENSATION GUIDELINES FOR VICE PRESIDENTS AND DEANS AND REGULARLY REVIEWS UPDATED COMPENSATION RANGES AND VICE PRESIDENT AND DEAN SALARIES. FORM 990, PART VI, SECTION C, LINE 19 NATIONAL LOUIS UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 IN 2019, THE UNIVERSITY RECORDED INCOME OF -$366,212 IN CONNECTION WITH A REEVALUATION OF ITS INTEREST RATE SWAP. ALSO, ON AUGUST 2018, IN CONNECTION WITH THE UNIVERSITY'S ACQUISITION OF THE ASSETS AND PROGRAMS OF KENDALL COLLEGE, THE UNIVERSITY PAID $1.00 AND RECEIVED AN INHERENT CONTRIBUTION OF $14,060,000 FROM LAUREATE EDUCATION, INC., (THE FORMER PARENT COMPANY OF KENDALL). SUCH FUNDS WERE USED TO RENOVATE A NEW FACILITY FOR THE KENDALL COLLEGE CULINARY PROGRAMS AT 18 S. MICHIGAN IN CHICAGO. CHARITABLE REMAINDER TRUST (1) CRT IL NLU TRUST false false false false false false false false false false false false false false false false false false false false