2016-07-14T17:00:12-05:00 2015-08-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2014-09-01 366112087 Columbia College Chicago COLU 3123697162 600 South Michigan Ave Chicago IL 60605 Richard Dowsek Interim VP of Business Affairs&CFO 2016-07-14 true JOHN WOODHULL P01305268 3128997000 2014 2016-09-27 15:27:22Z Dr Kwang-Wu Kim 600 South Michigan Ave Chicago IL 60605 357742622 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. 30 29 4677 36 0 0 7933050 14149450 244405568 235833511 5591543 5106419 3582548 3721560 261512709 258810940 35522362 38064969 0 0 131266011 127543366 18500 2151 1793617 88087939 87493031 254894812 253103517 6617897 5707423 434840399 421934750 142898536 131876599 291941863 290058151 The organization's mission is to educate students for creative occupations in diverse fields of the arts and media. false false 178690410 37535969 209482500 COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 120 ACADEMIC PROGRAMS AND OVER 9,000 STUDENTS. 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 COLLEGE HAD 8,608 STUDENTS ENROLLED IN ITS UNDERGRADUATE PROGRAMS AND 353 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 2015, THE SCHOOL OF FINE AND PERFORMING ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 4,531 AND A GRADUATE ENROLLMENT OF 172. THE SCHOOL OF LIBERAL ARTS AND SCIENCES HAD AN UNDERGRADUATE ENROLLMENT OF 558 AND A GRADUATE ENROLLMENT OF 108. THE SCHOOL OF MEDIA ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 3,366 AND A GRADUATE ENROLLMENT OF 72. THERE WERE 154 STUDENTS WHO DID NOT HAVE AN OFFICIAL DEPARTMENT. IN THE 2014-2015 ACADEMIC YEAR, THE COLLEGE GRANTED 2,127 DEGREES. THE SCHOOL OF FINE AND PERFORMING ARTS GRANTED 1,038 DEGREES (959 WERE UNDERGRADUATE), THE SCHOOL OF LIBERAL ARTS AND SCIENCES GRANTED 206 DEGREES (146 WERE UNDERGRADUATE), AND THE SCHOOL OF MEDIA ARTS GRANTED 847 DEGREES (804 WERE UNDERGRADUATE). ADDITIONALLY, 36 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. 27685742 529000 29466777 COLUMBIA COLLEGE PROVIDES HOUSING, FOOD SERVICE AND RESIDENCE LIFE PROGRAMS TO ITS STUDENTS. THE COLLEGE HAS OVER 2,581 BEDS AVAILABLE TO ITS STUDENTS IN FIVE DIFFERENT RESIDENCE CENTERS ON ITS CAMPUS 206376152 true true false true false false false true false true true true false false true true true false true false true false false true 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 1008 0 true 4677 true false false false false false true true false 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 Matthew Jaehrling 3123697162 600 SOUTH MICHIGAN AVE Chicago IL 60605 RICHARD KIPHART CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 CHESTER T KAMIN VICE CHAIR 1.00 X X 0 0 0 SYLVIA NEIL VICE CHAIR 1.00 X X 0 0 0 BARRY M SABLOFF TREASURER 1.00 X X 0 0 0 SHARON REESE DALENBERG SECRETARY 1.00 X X 0 0 0 KWANG-WU KIM PRESIDENT AND CEO 40.00 X X 400488 0 176072 ANDREW J N ALEXANDER TRUSTEE 1.00 X 0 0 0 LESTER CONEY TRUSTEE 1.00 X 0 0 0 SUSAN V DOWNING TRUSTEE 1.00 X 0 0 0 LUIS DE LA PARRA TRUSTEE 1.00 X 0 0 0 JEREMY EFROYMSON TRUSTEE 1.00 X 0 0 0 JANE GATELY TRUSTEE 1.00 X 0 0 0 JOHN R GEHRON TRUSTEE 1.00 X 0 0 0 ALLISON GRANT WILLIAMS TRUSTEE 1.00 X 0 0 0 DEVIN A GROSS TRUSTEE 1.00 X 0 0 0 JOHN MCLAIN HOLMES TRUSTEE 1.00 X 0 0 0 JOAN HAMMEL TRUSTEE 1.00 X 0 0 0 AVERILL LEVITON TRUSTEE 1.00 X 0 0 0 JAY LEIB TRUSTEE 1.00 X 0 0 0 FREDERICK C LOWINGER TRUSTEE 1.00 X 0 0 0 HOWARD MENDELSOHN TRUSTEE 1.00 X 0 0 0 MADELINE MOORE BURRELL TRUSTEE 1.00 X 0 0 0 ARLEN RUBIN TRUSTEE 1.00 X 0 0 0 ASHA SPENCER TRUSTEE 1.00 X 0 0 0 ARTHUR SUSSMAN TRUSTEE 1.00 X 0 0 0 ANDREAS WALDBURG-WOLFEGG TRUSTEE 1.00 X 0 0 0 SONA WANG TRUSTEE 1.00 X 0 0 0 HUGH C WILLIAMS TRUSTEE 1.00 X 0 0 0 BILL WOLF TRUSTEE 1.00 X 0 0 0 ROBERT A WISLOW TRUSTEE 1.00 X 0 0 0 STEVE DEVICK TRUSTEE THROUGH MAY 2015 1.00 X 0 0 0 GEORGIA FOGELSON TRUSTEE THROUGH MAY 2015 1.00 X 0 0 0 ALLEN M TURNER TRUSTEE THROUGH OCT 2014 1.00 X 0 0 0 DAVID SOLOMON TRUSTEE THROUGH OCT 2014 1.00 X 0 0 0 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 40.00 X 209690 0 35563 MICHELLE GATES VP OF BUSINESS AFFAIRS & CFO 40.00 X 113900 0 3686 STANLEY WEARDEN PROVOST 40.00 X 163643 0 8291 ALICIA BERG VP OF CAMPUS ENVIRONMENT 40.00 X 207335 0 37582 JOHN GREEN ASSOCIATE DEAN 40.00 X 188244 0 38337 MARK KELLY VP OF STUDENT AFFAIRS 40.00 X 213796 0 41704 ROBIN BARGAR DEAN SCHOOL OF MEDIA ARTS 40.00 X 190185 0 30186 DEBORAH HOLDSTEIN DEAN SCHOOL OF LIBERAL ARTS AND SCIENCES 40.00 X 212046 0 41323 WARREN K CHAPMAN SENIOR VICE PRESIDENT 40.00 X 226894 0 37525 BERNADETTE MCMAHON ASSOCIATE VICE PRESIDENT INFORMATION TECHNOLOGY 40.00 X 196087 0 34359 ELIZA NICHOLS DEAN SCHOOL OF FINE AND PERFORMING ARTS 40.00 X 192214 0 36582 JESSICA D MATCHETT CHIEF OF STAFF 40.00 X 170011 0 17391 CAROLINE LATTA PROFESSOR 40.00 X 168801 0 35895 RICHARD DOWSEK FORMER INTERIM VP BUSINESS AFFAIRS & CFO 0.00 X 247890 0 0 WARRICK CARTER FORMER PRESIDENT AND CEO 0.00 X 2002471 0 42122 ANNICE KELLY FORMER VP OF LEGAL AFFAIRS AND GENERAL COUNSEL 0.00 X 117000 0 0 LOUISE LOVE FORMER INTERIM PROVOST 0.00 X 136735 0 16093 5357430 0 632711 117 true true true O'MALLEY CONSTRUCTION CO 55 WEST SEEGERS ROAD ARLINGTON HEIGHTS IL 60005 CONSTRUCTION 3785193 ALLIED BARTON SECURITY PO BOX 828854 PHILADELPHIA PA 19812 SECURITY SERVICES 3249533 FH PASCHEN SN NIELSEN & ASSOC LLC 5515 N EAST RIVER RD CHICAGO IL 60656 CONSTRUCTION 2776767 HARVARD MAINTENANCE INC 570 SEVENTH AVE NEW YORK NY 10018 MAINTENANCE 2493547 MARK 1 RESTORATION COMPANY 1021 Maryland Ave Dolton IL 60419 CONSTRUCTION 1051379 70 X 0 0 197573 0 10712217 3239660 681573 14149450 TUITION AND FEES 611600 207194872 207194872 RESIDENCE CENTERS 611600 28638639 28638639 0 0 0 0 235833511 2864999 2864999 575 575 24076 24076 418643 66008 352635 0 352635 352635 100500000 98259155 2240845 0 2240845 2240845 104475 197573 41763 62712 62712 0 0 0 0 606265 564756 41510 41510 PERFORMANCE FEES AND BOOK SALES 611600 533785 533785 SHERWOOD SCHOOL OF MUSIC LESSON REVENUE 611600 718764 718764 INCOME FROM AFFILIATED ORGANIZATION 900099 828138 828138 1159940 1035079 0 124861 3240627 258810940 238949277 0 5712213 316213 316213 37748756 37748756 0 0 0 0 4194079 728820 3465259 0 0 0 0 0 95927032 81514615 13491793 920624 7431158 6104247 1258581 68330 12982618 10664435 2198806 119377 7008479 5757041 1186994 64444 440252 430492 2975 6785 259602 0 259602 0 229346 0 229346 0 3000 0 0 3000 2151 2151 1372463 0 1372463 0 11208444 7034579 4078515 95350 1764568 1204078 555939 4551 6644100 5744475 821963 77662 8108470 3570420 4458006 80044 36299 30705 5594 0 33953928 30033963 3812391 107574 2336461 2168450 122141 45870 0 0 0 0 2564316 1731358 764691 68267 3474028 0 3474028 0 0 0 0 0 14093126 11576650 2386888 129588 1004628 16855 987773 0 0 0 0 0 253103517 206376152 44933748 1793617 7397 7097 20754079 11766936 2616266 1910372 4450676 2513260 0 0 0 0 361473 416474 3491757 3724117 403140377 189746568 216121327 213393809 32092050 36833640 152789594 149441967 0 2155780 1927078 434840399 421934750 24056562 24344291 0 0 24663207 20304186 91517989 86459650 0 0 0 874265 728472 0 0 1786513 40000 142898536 131876599 X 277034430 275476639 10426734 9817402 4480699 4764110 291941863 290058151 434840399 421934750 X 5707423 -6476102 -1115033 X false true X true true true X 9997270 11806259 12740957 7933050 14149450 56626986 9997270 11806259 12740957 7933050 14149450 56626986 0 56626986 3367453 3049067 1933401 2289894 3308293 13948108 468117 318695 323417 247620 270846 1628695 72203789 1224605480 0.7843 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - INVENTORY INCOME, COLUMN A - 160332.0, COLUMN B - 94486.0, COLUMN C - 70006.0, COLUMN D - 10078.0, COLUMN E - 41510.0, COLUMN F - 376412.0; DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 134296.0, COLUMN B - 68789.0, COLUMN C - 113475.0, COLUMN D - 102890.0, COLUMN E - 104475.0, COLUMN F - 523925.0; DESCRIPTION - OTHER, COLUMN A - 173489.0, COLUMN B - 155420.0, COLUMN C - 139936.0, COLUMN D - 134652.0, COLUMN E - 124861.0, COLUMN F - 728358.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 3000 false false 3000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY FEES FOR STATE LOBBYING CONSULTING AND REPRESENTATION. 319550 13730502 0 0 X X X true 140721915 283411 -3195291 106023 6062823 131641189 127320098 0 17159519 50775 3706927 0 140721915 112333798 74651 14980911 69262 127320098 106553385 312367 5508353 39307 1000 112333798 96413103 88859 10114706 63283 106553385 0.9513 0.0362 0.0125 false false 24978066 24978066 263470580 109349449 154121131 82041017 69660326 12380691 32650714 10736793 21913921 213393809 Other Equity Investments 90299027 F Alternative Investments 59142940 F 149441967 Deferred Compensation Payable 40000 40000 X 215183902 -6476102 0 0 0 -6476102 221660004 1372463 35778473 37150936 258810940 214837548 672527 672527 214165021 1372463 37566033 38938496 253103517 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, 2015 and 2014, 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 - 36451000 RENTAL EXPENSE - -66008 DIRECT FUND RAISING EXPENSE - -41763 COST OF GOODS SOLD - -564756 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 66008 FUND RAISING EXPENSE - 41763 COST OF GOODS SOLD - 564756 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS - 36451000 CHANGE IN PENSION COST - -5101235 LOSS ON EXTINGUISHMENT OF DEBT - 34234 NET PERIODIC PENSION COST: PLAN SETTLEMENT - 6182034 - 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 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) 294364 South Asia 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 62229 North America (Canada & Mexico only) 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL ABROAD (INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 34158 East Asia and the Pacific 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVEL(INCLUDES TRAVEL TO ATTEND SEMINARS AND CONFERENCES) 33019 South America 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVLE ABROAD(INCLUDES TRAVEL ABRAOD TO ATTEND SEMINARS AND CONFERENCES) 1022 Sub-Saharan Africa 0 0 Program Services SEMESTER STUDY ABROAD:ADMISSIONS, RECRUITING, BUSINESS TRAVLE ABROAD(INCLUDES TRAVEL ABRAOD TO ATTEND SEMINARS AND CONFERENCES) 10534 0 0 0 0 0 0 435326 0 435326 true false true true true false X X X X X X X false CHARLES R FELDSTEIN AND COMPANY FUND RAISING CONSULTING false 0 12500 -12500 BRYAN DOWLING DEVELOPMENT CONSULTANT false 0 6000 -6000 0 18500 -18500 IL MoCP Benefit (Darkroom) 294973 197573 97400 0 0 0 25863 2350 12908 Photography Auction 7075 0 7075 0 0 0 287 120 235 0 302048 197573 104475 0 0 0 26150 2470 13143 41763 62712 true Cinema Chicago 30 E Adams St Suite 800 Chicago IL 60603 362545170 501 C 3 150000 0 Support of Community Art Expositions LLC 372 W Ontario St Chicago IL 60654 300684317 NA 11000 0 Support of Community Arts Alliance Illinois 203 N Wabash Ave Suite 1920 Chicago IL 60601 363177592 501 C 3 10000 0 Support of Community Chicago Loop Alliance 27 E Monroe Chicago IL 60603 361818460 501 C 3 8500 0 Support of Community Near South Planning Board 2600 S Michigan Chicago IL 60616 363083180 501 C 3 7068 0 Support of Community CITY CLUB OF CHICAGO 400 N Michigan Avenue Suite 805 Chicago IL 60611 362017165 501 C 3 6000 0 Support of Community 5 1 INSTITUTIONAL SCHOLARSHIP 4845 36451000 TUITION WAIVERS 120 1297756 Schedule I, Part I, Line 2 Description Of Procedure 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. 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 X false true X X X false false false false false false false false false KWANG-WU KIM PRESIDENT AND CEO 368801 0 20000 0 11687 0 37550 0 138522 0 576560 0 0 0 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 206234 0 0 0 3456 0 21108 0 14455 0 245253 0 0 0 STANLEY WEARDEN PROVOST 161915 0 0 0 1728 0 0 0 8291 0 171934 0 0 0 ALICIA BERG VP OF CAMPUS ENVIRONMENT 205967 0 0 0 1368 0 21001 0 16581 0 244917 0 0 0 JOHN GREEN ASSOCIATE DEAN 185868 0 0 0 2376 0 21756 0 16581 0 226581 0 0 0 MARK KELLY VP OF STUDENT AFFAIRS 210820 0 0 0 2976 0 25123 0 16581 0 255500 0 0 0 ROBIN BARGAR DEAN SCHOOL OF MEDIA ARTS 188637 0 0 0 1548 0 12862 0 17324 0 220371 0 0 0 DEBORAH HOLDSTEIN DEAN SCHOOL OF LIBERAL ARTS AND SCIENCES 208590 0 0 0 3456 0 24742 0 16581 0 253369 0 0 0 WARREN K CHAPMAN SENIOR VICE PRESIDENT 224036 0 0 0 2858 0 26520 0 11005 0 264419 0 0 0 BERNADETTE MCMAHON ASSOCIATE VICE PRESIDENT INFORMATION TECHNOLOGY 195500 0 0 0 587 0 18119 0 16240 0 230446 0 0 0 ELIZA NICHOLS DEAN SCHOOL OF FINE AND PERFORMING ARTS 189586 0 0 0 2628 0 19258 0 17324 0 228796 0 0 0 JESSICA D MATCHETT CHIEF OF STAFF 169687 0 0 0 324 0 0 0 17391 0 187402 0 0 0 CAROLINE LATTA PROFESSOR 164229 0 0 0 4572 0 19314 0 16581 0 204696 0 0 0 RICHARD DOWSEK FORMER INTERIM VP BUSINESS AFFAIRS & CFO 0 0 0 0 247890 0 0 0 0 0 247890 0 0 0 WARRICK CARTER FORMER PRESIDENT AND CEO 0 0 0 0 2002471 0 30528 0 11594 0 2044593 0 0 0 ANNICE KELLY FORMER VP OF LEGAL AFFAIRS AND GENERAL COUNSEL 0 0 0 0 117000 0 0 0 0 0 117000 0 0 0 LOUISE LOVE FORMER INTERIM PROVOST 0 0 0 0 136735 0 16093 0 0 0 152828 0 0 0 Schedule J, Part II, Column (C) DEFERRED COMPENSATION FOR WARRICK CARTER The aggregate amount ($2,002,471) paid to former President Warrick Carter in 2014 (following 13 years of service) consisted of: (1) $233,334 for 2014 salary; (2) $1,696,513 of after-tax deferred compensation (including tax gross-up) for service years 5 through 13 ($188,501 per year), as required by prior employment agreements; (3) $70,000 for future medical expenses (also contractual); and (4) $3,624 for life insurance benefits and prior salary deferral. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments The President of the College received gross-up payments for car allowance which was treated as taxable compensation reported on his 2014 W-2. 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 45200B8K7 2003-10-16 23775796 Current refunding of 1993 and capital expenses, issue costs and debt service reserve false false false B Illinois Educational Facilities Authority 521297563 4520017Z7 2004-09-07 5704947 current refunding of 1992 issue false false false C Illinois Finance Authority 861091967 45203HAY8 2011-05-25 13623675 CURRENT REFUNDING OF 1998 ISSUE false false false D Illinois Finance Authority 861091967 45200BEH8 2007-09-13 47714918 CONSTRUCTION & RENOV. false false false A 0 0 24331656 1877188 0 0 387086 670809 0 13891574 7505000 0 2005 true false true false B 0 0 5913382 592893 0 0 114098 126145 0 0 5080246 0 2004 true false true false C 0 0 13624134 2031292 0 0 250796 0 0 0 11342036 0 2011 true false true false D 0 0 48907504 2423525 0 0 608007 931000 0 44944996 0 0 2009 false false true false 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 C false false true true false 0.0 0.0 0.0 false false false D false false true true false 0.0 0.0 0.0 false false false A false true false false false false false B false true false false false false false C false true false false false false false D false true false false false false false A false B false C false D 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 interest earned on proceeds invested while being held for its specific purpose. 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's policy is to 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. A Illinois Finance Authority 891091967 2013-10-30 7850000 PARTIAL REFUNDING OF 2003 ISSUE false false false A 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 A false true false false false false false A false SEE PART V SEE PART V 1297756 TUITION REMISSIONS TO EMPLOYEES AND/OR DEPENDENTS STUDENT FINANCIAL ASSISTANCE 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 20 319550 Other X 5000 Market value X 6 37917 Market value X 50 78150 Market value X SCHOOL FURNISHINGS 2 204458 Market value X OTHER 117 36498 Market value 5 false true false Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art: ART - WORKS OF ART: FOR ARTWORK WE ARE COUNTING THE NUMBER OF ITEMS OF ARTWORK RECEIVED. Books and publications: BOOKS AND PUBLICATIONS: NUMBER OF CONTRIBUTIONS Collectibles: COLLECTIBLES: FOR THE COLLECTIBLE THE NUMBER OF DONORS. Other: OTHER: NUMBER OF CONTRIBUTIONS Other: OTHER: NUMBER OF ITEMS RECEIVED Securities - Publicly traded: 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 2013. 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 OTHER - Total Revenue: 252293, Related or Exempt Function Revenue: 127432, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 124861; Course Materials/ Bookstore - Total Revenue: 268734, Related or Exempt Function Revenue: 268734, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Indirect Cost Recovery - Total Revenue: 199374, Related or Exempt Function Revenue: 199374, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Contracted services provided - Total Revenue: 439539, Related or Exempt Function Revenue: 439539, 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 - 5101235; LOSS ON EXTINGUISHMENT OF DEBT - -34234; NET PERIODIC PENSION COST - -6182034; EDUCATIONAL ADVANCEMENT FUND INC 525 S STATE STREET CHICAGO IL 60605 364480416 UNIVERSITY HOUSING IL 501(c)(3 NA false false false false false false false false false false false true false true false false false false true true