2020-05-29T11:30:31-05:00 2019-08-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2018-09-01 366112087 Columbia College Chicago COLU 3123697162 600 South Michigan Ave Chicago IL 60605 JERRY TARRER SENIOR VP BUSINESS AFFAIRS/CFO 2020-05-29 true Nicole Bencik P00756195 3128997000 2018 2020-09-23 17:36:50Z Dr Kwang-Wu Kim 600 South Michigan Ave Chicago IL 60605 329038127 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 3308 140 -3879 -6329 6351215 7972266 211930709 204951766 31669373 11083469 1991488 2163076 251942785 226170577 38468801 38594370 0 0 101800477 102119936 0 0 2381878 85266279 84056662 225535557 224770968 26407228 1399609 532448196 524601747 133303422 134260172 399144774 390341575 THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA. false false 154671509 38594370 178471998 COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 120 ACADEMIC PROGRAMS AND OVER 6,900 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 6,708 STUDENTS ENROLLED IN ITS UNDERGRADUATE PROGRAMS AND 239 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 2019, THE SCHOOL OF FINE AND PERFORMING ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 3,177 AND A GRADUATE ENROLLMENT OF 115. THE SCHOOL OF LIBERAL ARTS AND SCIENCES HAD AN UNDERGRADUATE ENROLLMENT OF 374 AND A GRADUATE ENROLLMENT OF 70. THE SCHOOL OF MEDIA ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 2,949 AND A GRADUATE ENROLLMENT OF 54. THERE WERE 208 STUDENTS WHO DID NOT HAVE AN OFFICIAL DEPARTMENT. IN THE 2018-2019 ACADEMIC YEAR, THE COLLEGE GRANTED 1,678 DEGREES. THE SCHOOL OF FINE AND PERFORMING ARTS GRANTED 893 DEGREES (822 WERE UNDERGRADUATE), THE SCHOOL OF LIBERAL ARTS AND SCIENCES GRANTED 129 DEGREES (103 WERE UNDERGRADUATE), AND THE SCHOOL OF MEDIA ARTS GRANTED 638 DEGREES (617 WERE UNDERGRADUATE). ADDITIONALLY, 18 DEGREES WERE GRANTED TO UNDERGRADUATE STUDENTS WITHOUT ENROLLMENT IN A SPECIFIC SCHOOL. THERE ARE 17 DEPARTMENTS WITH UNDERGRADUATE PROGRAMS, AND 9 DEPARTMENTS WITH GRADUATE PROGRAMS. 25831547 0 28394251 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. 180503056 true true false false false false true false true true true false false true true true false true true 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 9800 0 true 3308 true false false false false false true true true 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 WILLIAM WOLF CHAIRMAN OF THE BOARD 1.0 0.0 X X 0 0 0 CHESTER T KAMIN VICE CHAIR 1.0 0.0 X X 0 0 0 HUGH C WILLIAMS VICE CHAIR 1.0 0.0 X X 0 0 0 BARRY M SABLOFF TREASURER 1.0 0.0 X X 0 0 0 SHARON REESE DALENBERG SECRETARY 1.0 0.0 X X 0 0 0 KWANG-WU KIM PRESIDENT AND CEO 40.0 0.0 X X 527319 0 260572 JIMMY CHAMBERLAIN TRUSTEE (Through May 2019) 1.0 0.0 X 0 0 0 LUIS DE LA PARRA TRUSTEE 1.0 0.0 X 0 0 0 LEN AMATO TRUSTEE 1.0 0.0 X 0 0 0 ROBERT J BUFORD TRUSTEE 1.0 0.0 X 0 0 0 MADELINE MOORE BURRELL TRUSTEE 1.0 0.0 X 0 0 0 TERRY DIAMOND TRUSTEE 1.0 0.0 X 0 0 0 JUDITH A GOLD TRUSTEE 1.0 0.0 X 0 0 0 DEVIN A GROSS TRUSTEE 1.0 0.0 X 0 0 0 JOHN MCLAIN HOLMES TRUSTEE 1.0 0.0 X 0 0 0 JAY LEIB TRUSTEE 1.0 0.0 X 0 0 0 AVERILL LEVITON TRUSTEE 1.0 0.0 X 0 0 0 FREDERICK C LOWINGER TRUSTEE 1.0 0.0 X 0 0 0 ARLEN RUBIN TRUSTEE 1.0 0.0 X 0 0 0 ASHA SPENCER TRUSTEE (Through May 2019) 1.0 0.0 X 0 0 0 ANDREAS WALDBURG-WOLFEGG TRUSTEE 1.0 0.0 X 0 0 0 SONA WANG TRUSTEE 1.0 0.0 X 0 0 0 ALLISON GRANT WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 ROBERT A WISLOW TRUSTEE 1.0 0.0 X 0 0 0 SUSAN V DOWNING TRUSTEE 1.0 0.0 X 0 0 0 JEREMY EFROYMSON TRUSTEE (Through May 2019) 1.0 0.0 X 0 0 0 JOHN R GEHRON TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL WOJCIK TRUSTEE (Through May 2019) 1.0 0.0 X 0 0 0 NEDRA A KALISH TRUSTEE (Through April 2019) 1.0 0.0 X 0 0 0 Paul Broucek Trustee (As of February 2019) 1.0 0.0 X 0 0 0 Paul Garnes Trustee (As of October 2018) 1.0 0.0 X 0 0 0 James E Kopp Jr Trustee 1.0 0.0 X 0 0 0 Cayla Weisberg Trustee 1.0 0.0 X 0 0 0 STANLEY WEARDEN SENIOR VP & PROVOST (THRU 12/31/2018) 40.0 0.0 X 277364 0 55767 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 40.0 0.0 X 222979 0 38361 JERRY TARRER SENIOR VP OF BUSINESS AFFAIRS & CFO 40.0 0.0 X 251826 0 37470 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 40.0 0.0 X 207492 0 58166 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 40.0 0.0 X 196031 0 41190 ERIC FREEDMAN DEAN OF SCHOOL OF MEDIA ARTS 40.0 0.0 X 199820 0 35080 ROSITA SANDS DEPARTMENT CHAIR, INTERIM DEAN OF SCHOOL OF FINE AND PERFORMING ARTS 40.0 0.0 X 186046 0 34985 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 40.0 0.0 X 208741 0 35655 SUZANNE BLUM MALLEY ASSOC SR PROVOST & ASSOC ENGLISH PROF (THRU 12/31/18); Interim SR VP & Provost (as of 1/1/19) 40.0 0.0 X 208953 0 49804 MARCELO SABATES VICE PROVOST FOR GLOBAL EDUCATION 40.0 0.0 X 224360 0 36550 ROBERT GREEN VICE PROVOST FOR DIGITAL LEARNING 40.0 0.0 X 220331 0 31515 SHAWN WAX VP OF DEVELOPMENT AND ALUMNI RELATIONS 40.0 0.0 X 263307 0 33462 ONYE OZUZU Former DEAN SCHOOL OF FINE AND PERFORMING ARTS 0.0 0.0 X 129556 0 21431 Matthew Shenoda Former Dean of Academic Diversity, Equity, and Inclusion 0.0 0.0 X 128068 0 17366 RICHARD DOWSEK FORMER SENIOR VP OF BUSINESS AFFAIRS & CFO; SPECIAL ADVISOR TO THE PRESIDENT 24.0 0.0 X 189000 0 0 3641193 0 787374 147 true true false PepperBMI Construction LLC 643 North Orleans Chicago IL 744662924 Construction 15487855 Allied Barton Security Services 161 Washington Street Suite 600 Conshohocken PA 19428 Security Services 2442926 HARVARD MAINTENANCE INC 59 Maiden Lane FL 17 NEW YORK NY 10038 MAINTENANCE 2425042 Social Deviant LLC 1143 W Rundell Pl Suite 201 Chicago IL 60607 Marketing, Advertising, Social Media 1694822 Clune Construction Company LP 10 S Riverside Plaza Suite 2200 CHICAGO IL 60606 Construction 968953 38 X 0 0 222949 0 2665642 5083675 2045995 7972266 TUITION AND FEES 611600 176979645 176979645 0 0 RESIDENCE CENTERS 611600 27972121 27972121 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 204951766 5185184 0 -3879 5189063 0 0 0 0 15793 0 0 15793 101409 0 0 0 101409 0 101409 0 0 101409 108632560 21000 102689179 66096 5943381 -45096 5898285 0 0 5898285 86319 222949 50319 36000 0 36000 0 0 0 0 0 0 60491 61956 -1465 0 0 -1465 PERFORMANCE FEES AND BOOK SALES 611600 334781 334781 0 0 SHERWOOD SCHOOL OF MUSIC LESSON REVENUE 611600 638715 638715 0 0 CONTRACTED EDUCATION AND TRAINING SERVICES 611600 422130 422130 0 0 615713 518857 0 96856 2011339 226170577 206866249 -3879 11335941 40680 40680 38553690 38553690 0 0 2630467 1169610 1289996 170861 76715573 61384742 14173314 1157517 4451054 3509095 867441 74518 12768619 10066447 2488405 213767 5554223 4378805 1082432 92986 455371 4125 451246 158050 250 157800 2665438 2665438 13025886 11111920 1890347 23619 1059062 966285 86774 6003 6468112 4179639 2229603 58870 7265597 3002707 4150715 112175 45456 41362 4094 30270768 27535500 2615086 120182 1775012 1434478 306969 33565 2342581 1398558 875347 68676 2903088 6063 2897025 14863525 11718016 2896670 248839 758716 1084 757332 300 0 0 0 0 224770968 180503056 41886034 2381878 3338 2500 4105595 1949607 711564 791567 1098329 1498543 0 0 0 0 0 17307 5253 8360322 8204686 471119260 237032835 207552729 234086425 129840893 108441380 177404315 169621786 0 0 0 3353804 0 532448196 524601747 19231402 25466865 0 0 34120142 32470197 54376388 52653032 0 0 0 25429657 23375077 0 0 145833 295001 133303422 134260172 X 385343950 375607536 6791060 7031353 7009764 7702686 0 0 0 0 0 0 399144774 390341575 532448196 524601747 X 1399609 -4480122 0 0 0 -5722686 X false true X true true true X 14149450 6838090 5646117 6351215 7972266 40957138 0 0 14149450 6838090 5646117 6351215 7972266 40957138 0 40957138 3308293 3571518 3575327 4912492 5302386 20670016 0 835601 719108 416785 290546 243666 2505706 64132860 1164079639 0.6386 0.6627 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INVENTORY INCOME, COLUMN A - 606265.0, COLUMN B - 509097.0, COLUMN C - 249627.0, COLUMN D - 144543.0, COLUMN E - 60491.0, COLUMN F - 1570023.0; DESCRIPTION - GROSS FUNDRAISING INCOME, COLUMN A - 104475.0, COLUMN B - 103621.0, COLUMN C - 72090.0, COLUMN D - 69460.0, COLUMN E - 86319.0, COLUMN F - 435965.0; DESCRIPTION - OTHER INCOME, COLUMN A - 124861.0, COLUMN B - 106390.0, COLUMN C - 95068.0, COLUMN D - 76543.0, COLUMN E - 96856.0, COLUMN F - 499718.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1874468 17232759 X X X X true 196912601 692133 1791231 298767 8124553 190972645 173049139 21035270 10843467 263445 7751830 0 196912601 141980157 20083073 19748982 226725 8536348 0 173049139 131641189 10040994 5889819 164600 5427245 0 141980157 140721915 283411 -3195291 106023 6062823 131641189 0.9453 0.0403 0.0144 false false 21898620 21898620 272726415 141213710 131512705 0 0 0 92994500 83895253 9099247 83499725 11923872 71575853 234086425 Other Equity Investments 56438912 F Alternative Investments 113182874 F 169621786 Deferred Compensation Payable 295001 295001 X 181721294 -4480119 0 0 0 -4480119 186201413 2665438 37303726 39969164 226170577 179079120 0 0 0 112275 112275 178966845 2665438 43138685 45804123 224770968 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, 2019 and 2018, 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 - 37416000 Fundraising - -50318 Cost of Goods Sold - -61956 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising expense (Line 8b, Statement of revenue) - 50319 COGS (Line 10b, Statement of revenue) - 61956 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships - 37416000 Change in pension - 3952488 Net periodic pension cost - 1770197 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 advertisements. 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) 198814 East Asia and the Pacific 0 1 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 97645 South America 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 24512 North America (Canada & Mexico only) 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL(INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 11677 Sub-Saharan Africa 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVLE ABROAD(INCLUDES TRAVEL ABRAOD TO ATTEND SEMINARS AND CONFERENCES) 5827 Central America and the Caribbean 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD(INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 17584 Central America and the Caribbean 0 0 Investments 51698812 Middle East and North Africa 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD(INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 42360 Russia and Neighboring States 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD(INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 3131 0 1 0 0 0 1 52100362 0 52100362 true false true true true true MOCP BENEFIT (DARKROOM) 309268 222949 86319 0 0 9003 8227 500 32589 0 0 309268 222949 86319 0 0 9003 8227 500 32589 50319 36000 true Old Town School of Folk Music 4544 North Lincoln Avenue Chicago IL 60625 362373635 501(C)(3) 5000 SUPPORT OF COMMUNITY Hyde Park Art Center 5020 S Cornell Avenue Chicago IL 60615 362887294 501(C)(3) 10000 SUPPORT OF COMMUNITY Near South Planning Board 2600 S Michigan Ave Chicago IL 60616 363083180 501(C)(3) 7500 SUPPORT OF COMMUNITY The Chicago High School for the Arts 2714 W Augusta Blvd Chicago IL 60622 300440226 501(C)(3) 10000 SUPPORT OF COMMUNITY Filter Photo LTD 1821 West Hubbard Ste 207 Chicago IL 60622 462070232 501(C)(3) 5000 SUPPORT OF COMMUNITY 5 0 INSTITUTIONAL SCHOLARSHIP 5019 37416000 0 N/A N/A TUITION WAIVERS 70 1137690 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. X X true true X X X false false false false false false false false false KWANG-WU KIM PRESIDENT AND CEO 443874 0 45000 0 38445 0 152500 0 108072 0 787891 0 0 0 STANLEY WEARDEN SENIOR VP & PROVOST (THRU 12/31/2018) 272312 0 0 0 5052 0 34375 0 21392 0 333131 0 0 0 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 219325 0 0 0 3654 0 28151 0 10210 0 261340 0 0 0 JERRY TARRER SENIOR VP OF BUSINESS AFFAIRS & CFO 250898 0 0 0 928 0 11588 0 25882 0 289296 0 0 0 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 206070 0 0 0 1422 0 28932 0 29234 0 265658 0 0 0 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 194986 0 0 0 1045 0 19809 0 21381 0 237221 0 0 0 ERIC FREEDMAN DEAN OF SCHOOL OF MEDIA ARTS 197771 0 0 0 2049 0 13698 0 21382 0 234900 0 0 0 ROSITA SANDS DEPARTMENT CHAIR, INTERIM DEAN OF SCHOOL OF FINE AND PERFORMING ARTS 184634 0 0 0 1412 0 24773 0 10212 0 221031 0 0 0 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 206927 0 0 0 1814 0 14262 0 21393 0 244396 0 0 0 SUZANNE BLUM MALLEY ASSOC SR PROVOST & ASSOC ENGLISH PROF (THRU 12/31/18); Interim SR VP & Provost (as of 1/1/19) 208209 0 0 0 744 0 28410 0 21394 0 258757 0 0 0 MARCELO SABATES VICE PROVOST FOR GLOBAL EDUCATION 222880 0 0 0 1480 0 15153 0 21397 0 260910 0 0 0 ROBERT GREEN VICE PROVOST FOR DIGITAL LEARNING 218737 0 0 0 1594 0 10118 0 21397 0 251846 0 0 0 SHAWN WAX VP OF DEVELOPMENT AND ALUMNI RELATIONS 261260 0 0 0 2047 0 12052 0 21410 0 296769 0 0 0 ONYE OZUZU Former DEAN SCHOOL OF FINE AND PERFORMING ARTS 128700 0 0 0 856 0 8957 0 12474 0 150987 0 0 0 Matthew Shenoda Former Dean of Academic Diversity, Equity, and Inclusion 127942 0 0 0 126 0 5796 0 11570 0 145434 0 0 0 RICHARD DOWSEK FORMER SENIOR VP OF BUSINESS AFFAIRS & CFO; SPECIAL ADVISOR TO THE PRESIDENT 189000 0 0 0 0 0 0 0 0 0 189000 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. A Illinois Finance Authority 861091967 45203H5Q1 2015-10-15 52985952 Current refunding of 2003 and 2007 issues false false false B Illinois Finance Authority 861091967 2013-10-30 7850000 PARTIAL REFUNDING OF 2003 ISSUE true false false A 3711710 0 59126710 0 3810000 667246 0 0 0 54649464 0 2015 true true true true B 6910000 0 7850000 0 0 0 155000 0 0 0 7695000 0 2013 true 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 A false true false false false false false false true B false false false true false false false false true A true B 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 IV, Line 2c COLUMN B Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 12/18/2018 26090 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 560 1874468 Opinions of experts X 22115 Market value X 5 50781 Market value X Miscellaneous - sport tickets, theatre tickets, food items, etc. 1993 65411 Market value X Services - picture framing, catering, guest speaking, printing, education services, etc. 15 33220 Market value 8 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 PER POLICY, DIRECTORS, OFFICERS AND TRUSTEES MUST COMPLETE AN ANNUAL FORM DISCLOSING CONFLICTS AND ACKNOWLEDGE THEIR RESPONSIBILITY FOR DISCLOSING POTENTIAL FUTURE CONFLICTS. 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. BASED UPON THEIR RECOMMENATION THE ANNUAL BASE SALARY MAY BE INCREASED AND A PERFORMANCE BONUS MAY BE AWARDED. THIS IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL 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: 96856, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 96856; Miscellaneous Income - Total Revenue: 237569, Related or Exempt Function Revenue: 237569, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Course Materials/ Bookstore - Total Revenue: 207948, Related or Exempt Function Revenue: 207948, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Indirect Cost Recovery - Total Revenue: 73340, Related or Exempt Function Revenue: 73340, 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 - -3952489; NET PERIODIC PENSION COST - -1770197; 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 true false true false true false false false true