2017-05-30T11:00:10-05:00 2016-08-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2015-09-01 366112087 Columbia College Chicago COLU 3123697162 600 South Michigan Ave Chicago IL 60605 JERRY TARRER SENIOR VP BUSINESS AFFAIRS/CFO 2017-05-10 true JOHN WOODHULL P01305268 3128997000 2015 2021-01-29 14:40:06Z Dr Kwang-Wu Kim 600 South Michigan Ave Chicago IL 60605 331065291 false X www.colum.edu X 1890 IL The organization's mission is to educate students for creative occupations in diverse fields of the arts and media. 32 31 4096 38 0 0 14149450 6838090 235833511 233325484 5106419 4826251 3721560 5876260 258810940 250866085 38064969 41232309 0 127543366 112630923 2151 5352 2020551 87493031 86739483 253103517 240608067 5707423 10258018 421934750 442200993 131876599 145835910 290058151 296365083 The organization's mission is to educate students for creative occupations in diverse fields of the arts and media. false false 174121993 40668309 207326896 COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 120 ACADEMIC PROGRAMS. COLUMBIA COLLEGE CHICAGO AWARDS UNDERGRADUATE BACHELOR OF ARTS, BACHELOR OF FINE ARTS AND BACHELOR OF MUSIC 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 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 2016, THE SCHOOL OF FINE AND PERFORMING ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 3,889 AND A GRADUATE ENROLLMENT OF 171. THE SCHOOL OF LIBERAL ARTS AND SCIENCES HAD AN UNDERGRADUATE ENROLLMENT OF 508 AND A GRADUATE ENROLLMENT OF 73. THE SCHOOL OF MEDIA ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 3,169 AND A GRADUATE ENROLLMENT OF 66. THERE WERE 244 STUDENTS WHO DID NOT HAVE AN OFFICIAL DEPARTMENT. IN THE 2015-2016 ACADEMIC YEAR, THE COLLEGE GRANTED 2,127 DEGREES. THE SCHOOL OF FINE AND PERFORMING ARTS GRANTED 1,091 DEGREES (990 WERE UNDERGRADUATE), THE SCHOOL OF LIBERAL ARTS AND SCIENCES GRANTED 182 DEGREES (122 WERE UNDERGRADUATE), AND THE SCHOOL OF MEDIA ARTS GRANTED 814 DEGREES (785 WERE UNDERGRADUATE). ADDITIONALLY, 40 DEGREES WERE GRANTED TO UNDERGRADUATE STUDENTS WITHOUT ENROLLMENT IN A SPECIFIC SCHOOL. THERE ARE 20 DEPARTMENTS WITH UNDERGRADUATE PROGRAMS, AND 9 DEPARTMENTS WITH GRADUATE PROGRAMS. 26970304 564000 31655808 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 201092297 true true false 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 false false false false true true false false false true false false false true 913 0 true 4096 true false false false false false true true false false false false X 32 31 true false false false false false false true true false false true true true true true true true false false X Matthew Jaehrling 3123697162 600 SOUTH MICHIGAN AVE Chicago IL 60605 WILLIAM WOLF CHAIRMAN OF THE BOARD (AS OF 5/12/2016) 1.0 X X 0 0 0 RICHARD PKIPHART CHAIRMAN OF THE BOARD (THRU 5/12/2016) 1.0 X X 0 0 0 CHESTER T KAMIN VICE CHAIR 1.0 X X 0 0 0 SYLVIA NEIL VICE CHAIR 1.0 X X 0 0 0 HUGH C WILLIAMS VICE CHAIR 1.0 X X 0 0 0 BARRY M SABLOFF TREASURER 1.0 X X 0 0 0 SHARON REESE DALENBERG SECRETARY 1.0 X X 0 0 0 KWANG-WU KIM PRESIDENT AND CEO 1.0 X X 452453 0 180981 LUIS DE LA PARRA TRUSTEE 1.0 X 0 0 0 JEREMY EFROYMSON TRUSTEE 1.0 X 0 0 0 JANE GATELY TRUSTEE 1.0 X 0 0 0 JOHN R GEHRON TRUSTEE 1.0 X 0 0 0 ALLISON GRANT WILLIAMS TRUSTEE 1.0 X 0 0 0 DEVIN A GROSS TRUSTEE 1.0 X 0 0 0 JOHN MCLAIN HOLMES TRUSTEE 1.0 X 0 0 0 JOAN HAMMEL TRUSTEE 1.0 X 0 0 0 TERRY DIAMOND TRUSTEE 1.0 X 0 0 0 AVERILL LEVITON TRUSTEE 1.0 X 0 0 0 JAY LEIB TRUSTEE 1.0 X 0 0 0 FREDERICK C LOWINGER TRUSTEE 1.0 X 0 0 0 HOWARD MENDELSOHN TRUSTEE 1.0 X 0 0 0 MADELINE MOORE BURRELL TRUSTEE 1.0 X 0 0 0 ARLEN RUBIN TRUSTEE 1.0 X 0 0 0 ASHA SPENCER TRUSTEE 1.0 X 0 0 0 ROBERT J BUFORD TRUSTEE 1.0 X 0 0 0 ANDREAS WALDBURG-WOLFEGG TRUSTEE 1.0 X 0 0 0 SONA WANG TRUSTEE 1.0 X 0 0 0 LEN AMATO TRUSTEE 1.0 X 0 0 0 JIMMY CHAMBERLAIN TRUSTEE 1.0 X 0 0 0 ROBERT A WISLOW TRUSTEE 1.0 X 0 0 0 SUSAN V DOWNING TRUSTEE 1.0 X 0 0 0 ANDREW J N ALEXANDER TRUSTEE 1.0 X 0 0 0 LESTER CONEY TRUSTEE 1.0 X 0 0 0 ARTHUR SUSSMAN TRUSTEE (THRU 8/10/2016) 1.0 X 0 0 0 STANLEY WEARDEN PROVOST 40.0 X 277222 0 19653 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 40.0 X 220158 0 30482 MICHELLE GATES VP OF BUSINESS AFFAIRS & CFO (THRU FEB 2016) 40.0 X 248753 0 8916 RICHARD DOWSEK VP OF BUSINESS AFFAIRS & CFO (AS OF FEB 2016) 40.0 X 0 0 0 MARK KELLY VP OF STUDENT AFFAIRS (THRU 8/06/2016) 40.0 X 178734 0 44845 ONYE OZUZU DEAN SCHOOL OF FINE AND PERFORMING ARTS 40.0 X 151627 0 22685 JESSICA D MATCHETT CHIEF OF STAFF 40.0 X 165304 0 23165 CAROLINE LATTA PROFESSOR 40.0 X 167518 0 40148 ELIZA NICHOLS DEAN SCHOOL OF FINE AND PERFORMING ARTS 40.0 X 162862 0 38184 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 40.0 X 199550 0 28696 SUZANNE BLUM MALLEY SENIOR ASSOCIATE PROVOST 40.0 X 196555 0 43004 JOHN GREEN FORMER KE - ASSOCIATE DEAN 40.0 X 185704 0 41116 DEBORAH HOLDSTEIN FORMER KE - DEAN SCHOOL OF LIBERAL ARTS &SCIENCES 40.0 X 156847 0 41150 2763287 0 563025 145 true true true ALLIED BARTON SECURITY PO BOX 828854 PHILADELPHIA PA 19812 SECURITY SERVICES 2816507 O'MALLEY CONSTRUCTION CO 55 WEST SEEGERS ROAD ARLINGTON HEIGHTS IL 60005 CONSTRUCTION 2665700 HARVARD MAINTENANCE INC 570 SEVENTH AVE NEW YORK NY 10018 MAINTENANCE 2602795 TURNER CONSTRUCTION COMPANY 570 Seventh Ave New York NY 10018 CONSTRUCTION 1343245 RAM MECHANICAL SERVICES INC 258 S Westgate Drive Carol Stream IL 60188 MECHANICAL SERVICES 1006677 51 X 0 0 210920 0 3859136 2768034 553082 6838090 TUITION AND FEES 611600 204969889 204969889 0 0 RESIDENCE CENTERS 611600 28355595 28355595 0 0 0 0 0 0 233325484 3256634 0 0 3256634 37 0 0 37 39708 0 0 39708 275139 0 258441 0 16698 0 16698 0 0 16698 80953871 0 79384291 0 1569580 0 1569580 0 0 1569580 103621 210920 55893 47728 0 47728 0 0 0 0 0 0 509097 500581 8516 0 0 8516 PERFORMANCE FEES AND BOOK SALES 611600 501777 501777 0 0 SHERWOOD SCHOOL OF MUSIC LESSON REVENUE 611600 815861 815861 0 0 INCOME FROM AFFILIATED ORGANIZATION 900099 3300212 3300212 0 0 1145760 1039370 0 106390 5763610 250866085 238982704 0 5045291 54869 54869 41177440 41177440 1836509 646302 1052341 137866 0 0 0 0 85136501 73455943 10847310 833248 6372315 5429304 871860 71151 13197487 11244447 1805681 147359 6088111 5187157 832976 67978 299391 293603 5788 437163 200 436963 379771 379771 0 0 0 0 5352 5352 1052104 1052104 13106839 9350322 3561108 195409 1314023 1128976 184024 1023 8187194 5254147 2868628 64419 7003052 2859490 4059045 84517 39081 33419 5662 0 32154684 29251968 2798310 104406 1933057 1774903 106166 51988 0 0 0 0 2442817 1769023 583295 90499 2959453 0 2959453 0 0 0 0 0 14289179 12174585 1955046 159548 1083391 6199 1077192 0 LOSS ON DISPOSAL OF EQUIPMENT 58284 58284 0 0 0 0 240608067 201092297 37495219 2020551 7097 7097 11766936 7056766 1910372 4578665 2513260 1083389 0 0 0 0 416474 295155 3724117 3478119 414620870 203593244 213393809 211027626 36833640 82461958 149441967 132212218 0 0 1927078 0 421934750 442200993 24344291 23913767 0 20304186 37436533 86459650 57043072 0 728472 27352538 0 40000 90000 131876599 145835910 X 275476639 282554195 9817402 8830967 4764110 4979921 290058151 296365083 421934750 442200993 X 10258018 4061706 -8012792 X false true X true true true X 11806259 12740957 7933050 14149450 6838090 53467806 0 0 11806259 12740957 7933050 14149450 6838090 53467806 0 53467806 3049067 1933401 2289894 3308293 3571518 14152173 0 318695 323417 247620 270846 218527 1379105 68999084 1217695025 0.7749 0.7843 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - INVENTORY INCOME, COLUMN A - 94486.0, COLUMN B - 70006.0, COLUMN C - 10078.0, COLUMN D - 41510.0, COLUMN E - 8516.0, COLUMN F - 224596.0; DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 68789.0, COLUMN B - 113475.0, COLUMN C - 102890.0, COLUMN D - 104475.0, COLUMN E - 103621.0, COLUMN F - 493250.0; DESCRIPTION - OTHER INCOME, COLUMN A - 155420.0, COLUMN B - 139936.0, COLUMN C - 134652.0, COLUMN D - 124861.0, COLUMN E - 106390.0, COLUMN F - 661259.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 377075 14269720 X X X true 131641189 10040994 5889819 164600 5427245 0 141980157 140721915 283411 -3195291 106023 6062823 131641189 127320098 0 17159519 50775 3706927 0 140721915 112333798 74651 14980911 69262 127320098 106553385 312367 5508353 39307 1000 112333798 0.9526 0.0351 0.0123 false false 24978066 24978066 270942403 119540451 151401952 0 0 0 87196361 72852207 14344154 31504040 11200586 20303454 211027626 Other Equity Investments 65284082 F Alternative Investments 66928136 F 132212218 Deferred Compensation Payable 90000 90000 X 214770401 4061706 0 4061706 210708695 1052105 39105285 40157390 250866085 192379801 814915 814915 191564886 1052105 47991076 49043181 240608067 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 THE ARTISTIC, CULTURAL AND POLITICAL IMPLICATION OF THE PHOTOGRAPHIC IMAGES IN OUR WORLD TODAY, AS WELL AS PRESERVE ARTIFACTS OF HISTORICAL AND CULTURAL SIGNIFICANCE. THE COLLEGE ALSO MAINTAINS COLLECTIONS 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, 2016 and 2015, has not recorded a liability for unrecognized tax benefits. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships - 39920200 Rental Expense - -258441 Direct Fund Raising Expense - -55893 Cost of Goods Sold - -500581 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rent Expense - 258441 Fund Raising Expenses - 55893 Cost of Goods Sold - 500581 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS - 39920000 CHANGE IN PENSION COST - -1551482 LOSS ON EXTINGUISHMENT OF DEBT - 6874068 NET PERIODIC PENSION COST - 2690206 Loss on disposal of equipment - 58284 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, The Department of Health and Human Services and the Illinois Board of Higher Education. Europe (Including Iceland and Greenland) 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD(INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 265027 East Asia and the Pacific 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 70711 North America (Canada & Mexico only) 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 8531 Central America and the Caribbean 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL(INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 3798 South America 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVLE ABROAD(INCLUDES TRAVEL ABRAOD TO ATTEND SEMINARS AND CONFERENCES) 14601 Sub-Saharan Africa 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVLE ABROAD(INCLUDES TRAVEL ABRAOD TO ATTEND SEMINARS AND CONFERENCES) 9575 Middle East and North Africa 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD(INCLUDES TRAVEL TO SEMINARS AND CONFERENCES) 2343 0 0 0 0 0 0 374586 0 374586 true false true true false false MOCP BENEFIT (DARKROOM) 314541 210920 103621 25235 1049 29609 0 0 314541 210920 103621 25235 1049 29609 55893 47728 true Chicago Loop Alliance 27 E Monroe Suite 900A Chicago IL 60603 361819460 501 C 3 15000 Support of Community Hyde Park Art Center 5020 S Cornell Ave Chicago IL 60615 362887294 501 C 3 10000 Support of Community Filter Photo 1821 W Hubbard Suite 207 Chicago IL 60622 462070232 501 C 3 5500 Support of Community Arts Alliance Illinois 70 E Lake Suite 420 Chicago IL 60601 363177592 501 C 3 5000 Support of Community Chicago Scholars 247 S State Suite 700 Chicago IL 60604 364117530 501 C 3 5000 Support of Community DePaul University - American's Urban Campus 1 E Jackson Suite 1940 Chicago IL 60604 362167048 501 C 3 5000 Support of Community 6 0 INSTITUTIONAL SCHOLARSHIP 5047 39920000 TUITION WAIVERS 96 1257440 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 false true X X X false false false false false false false false false KWANG-WU KIM PRESIDENT AND CEO 404280 0 40000 0 8173 0 37888 0 143093 0 633434 0 0 0 STANLEY WEARDEN PROVOST 272750 0 0 0 4472 0 0 0 19653 0 296875 0 0 0 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 213416 0 0 0 6742 0 21108 0 9374 0 250640 0 0 0 MICHELLE GATES VP OF BUSINESS AFFAIRS & CFO (THRU FEB 2016) 245524 0 0 0 3229 0 0 0 8916 0 257669 0 0 0 MARK KELLY VP OF STUDENT AFFAIRS (THRU 8/06/2016) 175939 0 0 0 2795 0 26669 0 18176 0 223579 0 0 0 ONYE OZUZU DEAN SCHOOL OF FINE AND PERFORMING ARTS 151170 0 0 0 457 0 4050 0 18635 0 174312 0 0 0 JESSICA D MATCHETT CHIEF OF STAFF 164072 0 0 0 1232 0 5154 0 18011 0 188469 0 0 0 CAROLINE LATTA PROFESSOR 163946 0 0 0 3572 0 20528 0 19620 0 207666 0 0 0 ELIZA NICHOLS DEAN SCHOOL OF FINE AND PERFORMING ARTS 159789 0 0 0 3073 0 18540 0 19644 0 201046 0 0 0 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 197750 0 0 0 1800 0 9049 0 19647 0 228246 0 0 0 SUZANNE BLUM MALLEY SENIOR ASSOCIATE PROVOST 195450 0 0 0 1105 0 23357 0 19647 0 239559 0 0 0 JOHN GREEN FORMER KE - ASSOCIATE DEAN 182199 0 0 0 3505 0 22452 0 18664 0 226820 0 0 0 DEBORAH HOLDSTEIN FORMER KE - DEAN SCHOOL OF LIBERAL ARTS &SCIENCES 152732 0 0 0 4115 0 21506 0 19644 0 197997 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. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses Policies are in progress related to the areas of tax indemnification and housing allowances. Neither of these instances had occurred in past years, therefore, no written polices existed at fiscal year end. A Illinois Finance Authority 861091967 45203H5Q1 2015-10-15 50490000 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 58459464 665335 0 0 1911 0 2015 true false true true B 7695000 0 7850000 0 0 0 155000 0 0 0 0 0 2013 true false true true A false false true true false 0.0 0.0 0.0 false false false B false false true true false 0.0 0.0 0.0 false false false A false true false false false false B false true false false false false A false B false 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 III, Line 9 Private Business Use The organization is in the process of adopting written procedures to ensure all nonqualified bonds (if any) of the issue are remediated in accordance with the associated regulations. The organization strives to stay abreast of federal regulations and considers the repercussions of all significant activities which could foreseeably have an impact on the organization's tax exempt bonds and the associated federal tax regulations. Schedule K, Part IV, Line 7 Arbitrage The organization is in the process of adopting written procedures to monitor the organization's ability to remain in compliance with the arbitrage requirements under Section 148 of the Internal Revenue Code. The organization strives to stay abreast of federal regulations and considers the repercussions of all significant activities which could foreseeably have an impact on the organization's tax exempt bonds and the associated federal tax regulations. Schedule K, Part V Procedures To Undertake Corrective Action The organization is in the process of adopting written procedures which dictate how management timely identifies and corrects violations of federal tax requirements using the voluntary closing agreement program provided by the IRS when self-remediation is not available to the organization. The organization strives to stay abreast of federal regulations and considers the repercussions of all significant activities which could foreseeably have an impact on the organization's tax exempt bonds and the associated federal tax regulations. In the event a violation is identified the organization will correct the violation as soon as possible, while working with the federal authorities as necessary to ensure that sufficient controls are present which will guard against future violations. X 23 377075 Other - APPRAISALS X 5 17862 Market value X 41 121350 Market value X Miscellaneous - sport tickets, theatre tickets, food items, etc. 63 36795 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - THE NUMBER OF ITEMS OF ARTWORK RECEIVED. Collectibles - THE NUMBER OF DONORS. Other - Miscellaneous - sport tickets, theatre tickets, food items, etc. NUMBER OF ITEMS RECEIVED Securities - Publicly traded - NUMBER OF CONTRIBUTIONS 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 CHAIR 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 COLLEGE'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL WHICH IS DOCUMENTED IN THE MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2016. 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: 106390, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 106390; Miscellaneous Income - Total Revenue: 170410, Related or Exempt Function Revenue: 170410, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Course Materials/ Bookstore - Total Revenue: 268751, Related or Exempt Function Revenue: 268751, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Indirect Cost Recovery - Total Revenue: 160921, Related or Exempt Function Revenue: 160921, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Contracted services provided - Total Revenue: 439288, Related or Exempt Function Revenue: 439288, 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 LOSS ON EXTINGUISHMENT OF DEBT - -6874068; CHANGE IN PENSION COST - 1551482; NET PERIODIC PENSION COST - -2690206; Part X BALANCE SHEET BEGINNING OF YEAR BALANCES THE COLLEGE ADOPTED A NEW ACCOUNTING STANDARD DURING THE FISCAL YEAR ENDED AUGUST 31, 2016 THAT RECLASSIFIED SOME BEGINNING OF YEAR BALANCE SHEET ITEMS ON THE AUDITED FINANCIAL STATEMENTS. EDUCATIONAL ADVANCEMENT FUND INC 525 S STATE STREET CHICAGO IL 60605 364480416 UNIVERSITY HOUSING IL 501(c)(3 Type I NA false false false false false false false false false false false true false true false true false false false true