2017-01-16T09:27:38-06:00 2016-05-31 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2015-06-01 370661211 ILLINOIS COLLEGE ILLI 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 TIM WEIS VP OF BUSINESS AFFAIRS 2172453003 2017-01-16 1 RICHARD LYNCH P01514704 2177933363 2017-01-16 2015 2021-01-29 14:40:06Z TIM WEIS 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 320247808 0 X WWW.ICEDU X 1835 IL ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING PROVIDING A FOUR YEAR EDUCATIONAL PROGRAM LEADING TO THE BACCALAUREATE DEGREE. ILLINOIS COLLEGE IS A COMMUNITY COMMITTED TO THE HIGHEST STANDARDS OF SCHOLARSHIP AND INTEGRITY IN THE LIBERAL ARTS. 26 26 1039 387 0 -84591 4935348 3360813 33835524 35922505 7998450 47152056 784732 1347451 47554054 87782825 15513802 16199813 0 0 18111284 18289174 0 94600 1881933 14981092 17290520 48606178 51874107 -1052124 35908718 224687103 207880656 27821893 28838447 196865210 179042209 TRUE TO ITS FOUNDING VISION IN 1829, ILLINOIS COLLEGE IS A COMMUNITY COMMITTED TO THE HIGHEST STANDARDS OF SCHOLARSHIP AND INTEGRITY IN THE LIBERAL ARTS. THE COLLEGE DEVELOPS IN ITS STUDENTS QUALITIES OF MIND AND CHARACTER NEEDED FOR FULFILLING LIVES OF LEADERSHIP AND SERVICE. 0 0 46487925 PROVISION OF POST-SECONDARY EDUCATION TO APPROXIMATELY 1000 STUDENTS. 46487925 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 214 0 1039 1 1 1 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TIM WEIS 2172453004 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 SUSAN J ALLEN BOARD MEMBER 1.00 X 0 0 0 JOY FRENCH BECKER BOARD MEMBER & BOARD CHAIR 1.00 X X 0 0 0 BARRETT J CALLAGHAN BOARD MEMBER 1.00 X 0 0 0 ROBERT E CHIPMAN BOARD MEMBER & VICE CHAIR 1.00 X X 0 0 0 JOAN DEBOER BOARD MEMBER 1.00 X 0 0 0 DEL C DUNHAM BOARD MEMBER 1.00 X 0 0 0 GARY R HAYNES MD BOARD MEMBER 1.00 X 0 0 0 DUANE HESS BOARD MEMBER 1.00 X 0 0 0 JOHN S KAY DMIN BOARD MEMBER 1.00 X 0 0 0 PATRICK B MATHIS BOARD MEMBER 1.00 X 0 0 0 VENICE M MEYER BOARD MEMBER 1.00 X 0 0 0 STEVEN R MILLS BOARD MEMBER 1.00 X 0 0 0 STEPHEN D OETGEN BOARD MEMBER 1.00 X 0 0 0 JOHN R POWER BOARD MEMBER 1.00 X 0 0 0 SUSAN L PRATT PHD BOARD MEMBER & SECRETARY 1.00 X X 0 0 0 WINSTON ROGERS III BOARD MEMBER 1.00 X 0 0 0 HENRY A SCHMITT BOARD MEMBER 1.00 X 0 0 0 JEAN COULTAS STATLER BOARD MEMBER 1.00 X 0 0 0 JULIE BODAM MACARTNEY BOARD MEMBER 1.00 X 0 0 0 ROBERT B THOMSON III BOARD MEMBER & TREASURER 1.00 X X 0 0 0 DR WILLIAM MATTINGLY BOARD MEMBER 1.00 X 0 0 0 JOHN WILLIAMSON BOARD MEMBER 1.00 X 0 0 0 GERRY BEARD BOARD MEMBER 1.00 X 0 0 0 TONYA JOHNSON BAISE BOARD MEMBER 1.00 X 0 0 0 JOEL HARMON BOARD MEMBER 1.00 X 0 0 0 ELLEN RAMMELKAMP MILLER BOARD MEMBER 1.00 X 0 0 0 BARBARA FARLEY PRESIDENT 50.00 X 266901 0 33240 ELIZABETH TOBIN VP OF ACADEMIC AFFAIRS 50.00 X 186612 0 32699 WILLIAM JOHNSON VP OF DEVELOPMENT 50.00 X 158771 0 20962 FRANK WILLIAMS VP OF BUSINESS AFFAIRS 50.00 X 150438 0 23321 STEPHANIE CHIPMAN VP OF ENROLLMENT 50.00 X 130279 0 14428 MALINDA CARLSON VP OF STUDENT AFFAIRS 50.00 X 119194 0 13862 TIM WEIS VP OF BUSINESS AFFAIRS 50.00 X 0 0 0 1012195 0 138512 6 0 1 0 CHARTWELLS 91337 COLLECTIONS DRIVE CHICAGO IL 606931337 FOOD SERVICE 1960502 O'SHEA BUILDERS 3401 CONSTITUTION DRIVE SPRINGFIELD IL 62711 CONSTRUCTION 1542151 RAFTER 1200 PARK PLACE 250 SAN MATEO CA 94403 TEXTBOOK SERVICES 607494 DOYLE PLUMBING & HEATING 225 NORTH WEST ST JACKSONVILLE IL 62650 CONSTRUCTION 318336 HYMES CONSTRUCTION 108 EDLEN LANE JACKSONVILLE IL 62650 CONSTRUCTION 239145 24 855454 2505359 182713 3360813 TUITION AND FEES 900099 28720820 28720820 AUXILIARY REVENUE 900099 7201685 7201685 35922505 2660368 2660368 276956671 232464983 44491688 44491688 44491688 OTHER INVESTMENT INCOME 900099 290633 290633 STUDENT FINES 900099 29333 29333 COMMISSIONS 900099 2664 2664 1024821 1024821 1347451 87782825 37269956 0 47152056 16199813 16199813 1122720 455261 427244 240215 13277774 11495897 1185705 596172 815753 706279 72847 36627 2073098 1794888 185128 93082 999829 865652 89285 44892 35358 30613 3157 1588 75960 65766 6783 3411 94600 94600 3357913 2907281 299862 150770 105823 91622 9450 4751 1290452 1117274 115237 57941 374296 324065 33425 16806 2460283 2130113 219703 110467 1527671 1322658 136421 68592 177193 153414 15823 7956 3826739 3313190 341728 171821 566273 490279 50568 25426 AUXILIARY ENTERPRISE 1669285 1445267 149067 74951 SMALL EQUIPMENT 922139 798388 82347 41404 MISCELLANEOUS 583788 505446 52130 26212 DUES & MEMBERSHIPS 171566 148542 15321 7703 145781 126217 13018 6546 51874107 46487925 3504249 1881933 2792171 6593425 423638 676599 152275 989712 1833181 1869056 55229 365901 420354 127426366 62605835 66145167 64820531 127250967 108781105 4766615 4490814 20957188 19183831 224687103 207880656 7620171 7291024 2092522 2273368 15498675 14692619 1000000 3000000 1610525 1581436 27821893 28838447 X 82651672 75845472 62624147 51065316 51589391 52131421 196865210 179042209 224687103 207880656 X 35908718 -53563841 -167878 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150123669 808192 -5931751 10114749 134885361 148409451 2492210 8956583 9734575 150123669 140735092 907933 15978012 9211586 148409451 126040677 1459781 22434145 9199511 140735092 124899205 981243 10286798 10126569 126040677 0.26760 0.38230 0.35010 0 0 465933 465933 97944246 39395610 58548636 8068897 5001781 3067116 20947290 18208444 2738846 64820531 ACCRUED INTEREST RECEIVABLE 139779 BENEFICIAL INTEREST NONPERPETUAL TRUST 758411 DEFERRED UNDERWRITING CHARGES 213728 REAL ESTATE 18031091 OTHER ASSETS 40822 19183831 ADVANCES FROM US GOVERNMENT, PERKINS LOAN PROGRAM 1581436 1581436 X 34270123 -53563841 51139 -53512702 87782825 0 87782825 52093124 219017 219017 51874107 0 51874107 PART V, LINE 4: THE COLLEGE HAS THE FOLLOWING DONOR RESTRICTED ENDOWMENT FUNDS: GENERAL INSTITUTIONAL SUPPORT, SCHOLARSHIP SUPPORT, EDUCATIONAL PROGRAM SUPPORT, ACADEMIC AWARD SUPPORT, BUILDING AND MAINTENANCE SUPPORT AND LOAN FUND SUPPORT. PART X, LINE 2: INCOME TAXES: THE COLLEGE HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE COLLEGE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. AS SUCH, THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 51,139. PART XII, LINE 2D - OTHER ADJUSTMENTS: UBIT 219,017. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS INCLUDED IN ALL STUDENT RECRUITMENT CAMPAIGNS. THIS POLICY IS ALSO INCLUDED IN THE EMPLOYEE & STUDENT HANDBOOKS. SCHEDULE E, PART I, LINE 6 ILLINOIS COLLEGE RECEIVES FEDERAL AND STATE AID THAT IS PASSED THROUGH TO STUDENTS. THE COLLEGE PARTICIPATES IN THE TITLE IV FEDERAL STUDENT AID PROGRAM. THESE PROGRAMS INCLUDE PELL GRANT AND FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITIES GRANT. 1 EAST ASIA 0 1 ADMISSIONS-RECRUITING 1035 MIDDLE EAST & NORTH AFRICA 0 1 ADMISSIONS-RECRUITING 4662 CENTRAL AMERICA & THE CARIBEAN 0 40 ACADEMIC ADVANCEMENT, RESEARCH, STUDENT BREAKAWAY 9528 SOUTH AMERICA 0 17 STUDENT BREAKAWAY 1753 EUROPE 0 27 RESEARCH, STUDENT BREAKAWAY 28820 NORTH AMERICA (EXCLUDING U.S.) 0 1 RESEARCH 363 0 87 0 0 0 87 46161 0 46161 0 0 0 0 0 0 X X X X X X 1 BENTZ WHALEY FLESSNER INC 7251 OHMS LANE MINNEAPOLIS MN 55439 CAMPAIGN COUNSEL 0 0 0 40281 BENTZ WHALEY FLESSNER INC 7251 OHMS LANE MINNEAPOLIS MN 55439 FEASIBILITY STUDY FOR CAPITAL CAMPAIGN 0 0 0 54319 94600 IL 1 STUDENT SCHOLARSHIPS 956 16199813 0 BOOK X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 BARBARA FARLEY PRESIDENT 260956 0 0 0 5945 0 26386 0 6854 0 300141 0 0 0 ELIZABETH TOBIN VP OF ACADEMIC AFFAIRS 177112 0 0 0 9500 0 18878 0 13821 0 219311 0 0 0 WILLIAM JOHNSON VP OF DEVELOPMENT 145426 0 0 0 13345 0 8979 0 11983 0 179733 0 0 0 FRANK WILLIAMS VP OF BUSINESS AFFAIRS 148996 0 0 0 1442 0 10818 0 12503 0 173759 0 0 0 PART I, LINE 1A THE COLLEGE'S PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND A RESIDENCE IS PROVIDED. THE PRESIDENT AND VICE PRESIDENT OF DEVELOPMENT BOTH HAVE SOCIAL CLUB MEMBERSHIPS AT JACKSONVILLE COUNTRY CLUB FOR BUSINESS PURPOSES. PART 1, QUESTION 4B THE COLLEGE HAS A 457(B) DEFERRED COMPENSATION PLAN THAT IS A NONQUALIFIED RETIREMENT PLAN FOR THE OFFICERS OF THE COLLEGE. A ILLINOIS FINANCING AUTHORITY 861091967 452000KS6 2005-01-13 15000000 CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 B ILLINOIS FINANCING AUTHORITY 861091967 2010-12-23 3900000 ENERGY PROJECT 0 0 0 A 580000 15000000 228875 14771125 2006 0 0 1 1 B 226057 3900000 161522 71343 3828657 2011 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 JOY FRENCH BECKER TRUSTEE PRESIDENT OF THE BANK THAT THE COLLEGE USES FOR DAILY OPERATIONS. NO PAYMENT TO EITHER PARTY. 0 X 9 179891 FMV X PROFESSIONAL SERVICES 2 1284 COST X MEALS & ENTERTAINMENT 2 1024 COST X EQUIPMENT 5 514 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE-ROBERT E. CHIPMAN IS THE FATHER-IN-LAW TO OFFICER-VP ENROLLMENT, STEPHANIE CHIPMAN FOR A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES HAVE DIRECTED THE AUDIT COMMITTEE TO REVIEW THE ANNUAL 990. THE AUDIT COMMITTEE HAS THE ACCOUNTING EXPERTISE TO UNDERSTAND AND EVALUATE THE 990. AFTER THE AUDIT COMMITTEE REVIEWS THE 990 AND APPROVES IT, THE BOARD OF TRUSTEES ARE PROVIDED AN ELECTRONIC FORM AND A PAPER COPY UPON REQUEST OF THE FORM 990 FOR REVIEW. AFTER THE FORMS ARE MADE AVAILABLE TO THE BOARD OF TRUSTEES, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY MEMBERS OF THE BOARD OF TRUSTEES COMPLETE A DISCLOSURE FORM. THE PRESIDENT'S OFFICE COLLECTS THE FORMS. THESE FORMS ARE PROVIDED TO THE BOARD CHAIRPERSON AND REVIEWED FOR ANY CONFLICTS OF INTEREST. THE COLLEGE HAS A HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY. THIS IS PROVIDED TO ALL FACULTY, STAFF, BOARD OF TRUSTEES AND STUDENTS. MANAGEMENT MONITORS AND ENFORCES THIS POLICY BY OBSERVATION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE USES SEVERAL FACTORS TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMLOYEES. THE COLLEGE USES AN INDEPENDENT SEARCH FIRM FOR THE SELECTION OF PRESIDENT OF THE COLLEGE, ALONG WITH A SEARCH COMMITTEE SELECTED BY THE BOARD OF TRUSTEES. THE OFFICES OF THE COLLEGE CONSIST OF THE PRESIDENT AND VICE PRESIDENT CABINET MEMBERS. THE TRUSTEES OF THE COLLEGE DETERMINE THE PRESIDENT'S SALARY. THE PRESIDENT OF THE COLLEGE DETERMINES THE SALARY OF ALL VICE PRESIDENTS. THE COLLEGE USES SALARY SURVEYS, COMPARABLE DATA FROM OUR PEER INSTITUTIONS, AND YEARS OF EXPERIENCE WHEN DETERMINING COMPENSATION RANGES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST TRUSTS 51,139. UNRELATED BUSINESS EXPENSE -219,017.