2019-05-03T14:30:33-05:00 2018-08-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2017-09-01 366112087 Columbia College Chicago COLU 3123697162 600 South Michigan Ave Chicago IL 60605 JERRY TARRER SENIOR VP BUSINESS AFFAIRS/CFO 2019-05-03 true Nicole Bencik P00756195 3128997000 2017 2019-02-21 02:37:17Z Dr Kwang-Wu Kim 600 South Michigan Ave Chicago IL 60605 384307602 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. 30 29 3624 142 -1422 283380 5646117 6351215 220665007 211930709 4395517 31669373 45135581 1991488 275842222 251942785 38987093 38468801 0 0 114019601 101800477 9000 0 2138466 83757787 85266279 236773481 225535557 39068741 26407228 500948193 532448196 140921530 133303422 360026663 399144774 THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA. false false 152898518 37643801 184992649 COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 120 ACADEMIC PROGRAMS AND OVER 6,800 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, MASTERS OF FINE ART AND MASTERS OF ARTS IN TEACHING 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 PUBLIC PERCEPTION OF ISSUES AND EVENTS AND WHO WILL AUTHOR THE CULTURE OF THEIR TIMES. THE COLLEGE HAD 6,568 STUDENTS ENROLLED IN ITS UNDERGRADUATE PROGRAMS AND 257 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 2018, THE SCHOOL OF FINE AND PERFORMING ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 3,186 AND A GRADUATE ENROLLMENT OF 71. THE SCHOOL OF LIBERAL ARTS AND SCIENCES HAD AN UNDERGRADUATE ENROLLMENT OF 440 AND A GRADUATE ENROLLMENT OF 66. THE SCHOOL OF MEDIA ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 2,847 AND A GRADUATE ENROLLMENT OF48. THERE WERE 167 STUDENTS WHO DID NOT HAVE AN OFFICIAL DEPARTMENT. IN THE 2017-2018 ACADEMIC YEAR, THE COLLEGE GRANTED 1,786 DEGREES. THE SCHOOL OF FINE AND PERFORMING ARTS GRANTED 889 DEGREES (833 WERE UNDERGRADUATE), THE SCHOOL OF LIBERAL ARTS AND SCIENCES GRANTED 142 DEGREES (117 WERE UNDERGRADUATE), AND THE SCHOOL OF MEDIA ARTS GRANTED 733 DEGREES (707 WERE UNDERGRADUATE). ADDITIONALLY, 22 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. 26098680 825000 28877858 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. 178997198 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 10796 0 true 3624 true false false false false false true true true 1 false false false X 30 29 true false false false false false false true true false false true true true true true true true false false 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 641602 0 271363 ANDREW J N ALEXANDER TRUSTEE 1.0 0.0 X 0 0 0 JIMMY CHAMBERLAIN TRUSTEE 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 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 1.0 0.0 X 0 0 0 JOHN R GEHRON TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL WOJCIK TRUSTEE 1.0 0.0 X 0 0 0 NEDRA A KALISH TRUSTEE (STARTING 2/14/18) 1.0 0.0 X 0 0 0 STANLEY WEARDEN SENIOR VP & PROVOST 40.0 0.0 X 276705 0 54332 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 40.0 0.0 X 218609 0 37443 JERRY TARRER SENIOR VP OF BUSINESS AFFAIRS & CFO (AS OF 1/17/2017) 40.0 0.0 X 234640 0 19717 ONYE OZUZU DEAN SCHOOL OF FINE AND PERFORMING ARTS (THRU 8/01/2018) 40.0 0.0 X 201796 0 29729 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 40.0 0.0 X 200796 0 53384 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 40.0 0.0 X 180346 0 38607 ERIC FREEDMAN DEAN OF SCHOOL OF MEDIA ARTS 40.0 0.0 X 196111 0 20551 ROSITA SANDS DEPARTMENT CHAIR, INTERIM DEAN OF SCHOOL OF FINE AND PERFORMING ARTS (STARTING 8/01/2018) 40.0 0.0 X 172941 0 32766 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 40.0 0.0 X 203792 0 29812 SUZANNE BLUM MALLEY ASSOCIATE SENIOR PROVOST AND ASSOCIATE PROFESSOR OF ENGLISH 40.0 0.0 X 201030 0 46124 MARCELO SABATES VICE PROVOST FOR GLOBAL EDUCATION 40.0 0.0 X 235829 0 15285 ROBERT GREEN VICE PROVOST FOR DIGITAL LEARNING 40.0 0.0 X 215331 0 19647 SHAWN WAX VP OF DEVELOPMENT AND ALUMNI RELATIONS 40.0 0.0 X 204123 0 16290 RICHARD DOWSEK FORMER SENIOR VP OF BUSINESS AFFAIRS & CFO; SPECIAL ADVISOR TO THE PRESIDENT 24.0 0.0 X 180800 0 0 3564451 0 685050 123 true true false O'MALLEY CONSTRUCTION CO 55 W SEEGERS ROAD ARLINGTON HEIGHTS IL 60005 CONSTRUCTION 9245984 ALLIED BARTON SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19812 SECURITY SERVICES 2993079 HARVARD MAINTENANCE INC 570 SEVENTH AVE NEW YORK NY 10018 MAINTENANCE 2724484 GENSLER 4549 COLLECTION CENTER DRIVE CHICAGO IL 60693 ARCHITECTURE, DESIGN, PLANNING & CONSULTING 1300531 LAKE COUNTY PRESS INC 98 NOLL STREET WAUKEGAN IL 600799209 COMMERCIAL SERVICES AND SUPPLIES 914072 51 X 140190 2600606 3610419 514672 6351215 TUITION AND FEES 611600 183398492 183398492 RESIDENCE CENTERS 611600 28532217 28532217 0 0 0 0 211930709 4711275 -1422 4712697 15677 15677 185540 148796 36744 0 36744 36744 118054842 40828000 115436345 16488399 2618497 24339601 26958098 26958098 69460 140190 60407 9053 9053 144543 230870 -86327 -86327 PERFORMANCE FEES AND BOOK SALES 611600 392546 392546 SHERWOOD SCHOOL OF MUSIC LESSON REVENUE 611600 721682 721682 CONTRACTED EDUCATION AND TRAINING SERVICES 611600 345641 345641 556472 479929 0 76543 2016341 251942785 213870507 -1422 31722485 32667 32667 38436134 38436134 0 0 0 0 3309390 1572038 1542050 195302 0 0 0 0 75567901 61051830 13538436 977635 4971154 3946800 950431 73923 12430621 9869172 2376601 184848 5521411 4383671 1055634 82106 0 0 0 0 625984 10137 615847 0 274948 0 274948 0 0 0 0 0 0 0 1884850 0 1884850 0 11720719 8984012 2630826 105881 1536208 1080722 455165 321 6294495 4667206 1600544 26745 8133642 3006960 5053250 73432 22159 18968 3191 0 31951499 27556674 4287144 107681 1789260 1448297 306040 34923 0 0 0 0 1929999 1127147 748279 54573 3544974 0 3544974 0 0 0 0 0 14868211 11804473 2842642 221096 689331 290 689041 0 0 0 0 0 225535557 178997198 44399893 2138466 3050 3338 15860463 4105595 642317 711564 698247 1098329 0 0 0 0 0 0 272364 17307 4006146 8360322 429726362 222173633 213248827 207552729 110627942 129840893 155588837 177404315 0 0 0 3353804 500948193 532448196 21402845 19231402 0 36526021 34120142 55719743 54376388 0 0 27252088 25429657 0 20833 145833 140921530 133303422 X 347061973 385343950 7706696 6791060 5257994 7009764 0 0 0 360026663 399144774 500948193 532448196 X 26407228 7986685 0 0 0 4724198 X false true X true true true X 7933050 14149450 6838090 5646117 6351215 40917922 0 0 7933050 14149450 6838090 5646117 6351215 40917922 0 40917922 2289894 3308293 3571518 3575327 4912492 17657524 0 907421 835601 719108 416785 290546 3169461 61744907 1205001284 0.6627 0.7147 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INVENTORY INCOME, COLUMN A - 669879.0, COLUMN B - 606265.0, COLUMN C - 509097.0, COLUMN D - 249627.0, COLUMN E - 144543.0, COLUMN F - 2179411.0; DESCRIPTION - GROSS FUNDRAISING INCOME, COLUMN A - 102890.0, COLUMN B - 104475.0, COLUMN C - 103621.0, COLUMN D - 72090.0, COLUMN E - 69460.0, COLUMN F - 452536.0; DESCRIPTION - OTHER INCOME, COLUMN A - 134652.0, COLUMN B - 124861.0, COLUMN C - 106390.0, COLUMN D - 95068.0, COLUMN E - 76543.0, COLUMN F - 537514.0; 48625 15339838 X X X true 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 127320098 0 17159519 50775 3706927 0 140721915 0.9496 0.0356 0.0148 false false 21604809 21604809 268445578 130208835 138236743 0 0 0 92578805 80395762 12183043 47097170 11569036 35528134 207552729 Other Equity Investments 61237053 F Alternative Investments 116167262 F 177404315 Deferred Compensation Payable 145833 145833 X 221196693 7986685 0 0 0 7986685 213210008 1884850 36847927 38732777 251942785 191526978 0 0 0 440073 440073 191086905 1884850 32563802 34448652 225535557 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, 2018 and 2017, 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 RENT EXPENSE - -148796 FUND RAISING EXPENSES - -60407 COST OF GOODS SOLD - -230870 SCHOLARSHIPS - 37288000 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENT EXPENSE - 148796 FUND RAISING EXPENSE - 60407 COST OF GOODS SOLD - 230870 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS - 37288000 CHANGE IN PENSION COSTS - -6059560 NET PERIODIC PENSION COST - 1335362 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) 393442 East Asia and the Pacific 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 67297 South America 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 80992 North America (Canada & Mexico only) 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL(INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 37067 Sub-Saharan Africa 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVLE ABROAD(INCLUDES TRAVEL ABRAOD TO ATTEND SEMINARS AND CONFERENCES) 15433 Central America and the Caribbean 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD(INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 12516 Central America and the Caribbean 0 0 Investments 53003962 Middle East and North Africa 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD(INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 10186 Russia and Neighboring States 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD(INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 5535 South Asia 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD(INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 652 0 0 0 0 0 0 53627082 0 53627082 true false true true true true MoCP Benefit (DarkRoom) 209650 140190 69460 9983 22966 500 26958 0 0 209650 140190 69460 9983 22966 500 26958 60407 9053 true NEAR SOUTH PLANNING BOARD 2600 S MICHIGAN LL-C CHICAGO IL 60616 363083180 501(c)(3) 5000 SUPPORT OF COMMUNITY FILTER PHOTO 1821 W HUBBARD STE 207 CHICAGO IL 60622 462070232 501(c)(3) 5500 SUPPORT OF COMMUNITY 2 0 INSTITUTIONAL SCHOLARSHIP 4910 37288000 0 N/A N/A TUITION WAIVERS 73 1148134 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 X false false false false false false false false false KWANG-WU KIM PRESIDENT AND CEO 569272 0 42500 0 29830 0 167000 0 104363 0 912965 0 0 0 STANLEY WEARDEN SENIOR VP & PROVOST 272750 0 0 0 3955 0 33750 0 20582 0 331037 0 0 0 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 215020 0 0 0 3589 0 27635 0 9808 0 256052 0 0 0 JERRY TARRER SENIOR VP OF BUSINESS AFFAIRS & CFO (AS OF 1/17/2017) 234079 0 0 0 561 0 0 0 19717 0 254357 0 0 0 ONYE OZUZU DEAN SCHOOL OF FINE AND PERFORMING ARTS (THRU 8/01/2018) 200698 0 0 0 1098 0 9176 0 20553 0 231525 0 0 0 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 199428 0 0 0 1368 0 27977 0 25407 0 254180 0 0 0 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 179438 0 0 0 908 0 18061 0 20546 0 218953 0 0 0 ERIC FREEDMAN DEAN OF SCHOOL OF MEDIA ARTS 194079 0 0 0 2032 0 0 0 20551 0 216662 0 0 0 ROSITA SANDS DEPARTMENT CHAIR, INTERIM DEAN OF SCHOOL OF FINE AND PERFORMING ARTS (STARTING 8/01/2018) 171595 0 0 0 1346 0 22957 0 9809 0 205707 0 0 0 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 202250 0 0 0 1542 0 9251 0 20561 0 233604 0 0 0 SUZANNE BLUM MALLEY ASSOCIATE SENIOR PROVOST AND ASSOCIATE PROFESSOR OF ENGLISH 200322 0 0 0 708 0 25563 0 20561 0 247154 0 0 0 MARCELO SABATES VICE PROVOST FOR GLOBAL EDUCATION 234444 0 0 0 1385 0 0 0 15285 0 251114 0 0 0 ROBERT GREEN VICE PROVOST FOR DIGITAL LEARNING 213752 0 0 0 1579 0 0 0 19647 0 234978 0 0 0 SHAWN WAX VP OF DEVELOPMENT AND ALUMNI RELATIONS 194738 0 0 0 9385 0 0 0 16290 0 220413 0 0 0 RICHARD DOWSEK FORMER SENIOR VP OF BUSINESS AFFAIRS & CFO; SPECIAL ADVISOR TO THE PRESIDENT 180800 0 0 0 0 0 0 0 0 0 180800 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 EMPLOYEE'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 EMPLOYEE'S SERVICES AGREEMENT WITH THE COLLEGE. THE VALUE OF THE DUES OR FEES PROVIDED IS NOT TAXABLE TO THE EXTENT IT IS A CONDITION OF EMPLOYMENT AND NECESSARY TO CARRY ON THEIR DUTIES. 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 false false false A 0 0 59126710 0 3810000 667246 0 0 0 54649464 0 2015 true true true true B 3870000 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 B false false true true false 0.0 0.0 0.0 false false true A false true false false false false true B 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. 12790 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 32 48625 Opinions of experts X 3669 Market value X 2 25342 Market value X 20 393130 Market value X Miscellaneous - sport tickets, theatre tickets, food items, etc. 14 43906 Market value 4 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. Collectibles - 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 Form 990, Part I, Line 7a UNRELATED BUSINESS INCOME THE FORM 990-T SHOWS UNRELATED BUSINESS INCOME IN THE AMOUNT OF $283,380. THIS AMOUNT INCLUDES DISALLOWED TRANSPORTATION FRINGE BENEFITS OF $350,140, WHICH IS NOT REFLECTED ON PART VIII, COLUMN C. AS A RESULT, PART I, LINE 7A IS ($1,422) AND REPRESENTS THE COLLEGE'S ALLOCABLE SHARE OF UNRELATED BUSINESS INCOME/(LOSS) AS A RESULT OF ITS PARTNERSHIP INVESTMENTS. 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: 76543, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 76543; Miscellaneous Income - Total Revenue: 110804, Related or Exempt Function Revenue: 110804, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Course Materials/ Bookstore - Total Revenue: 268347, Related or Exempt Function Revenue: 268347, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Indirect Cost Recovery - Total Revenue: 100778, Related or Exempt Function Revenue: 100778, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN PENSION COST - 6059560; NET PERIODIC PENSION COST - -1335362; EDUCATIONAL ADVANCEMENT FUND INC 525 S STATE STREET CHICAGO IL 60605 364480416 UNIVERSITY HOUSING IL 501(c)(3) 11 NA false false false true false false false false false false false true false true false true false false false true