ILLINOIS COLLEGE OF OPTOMETRY: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- ILLINOIS COLLEGE OF OPTOMETRY (EIN 36-2310478)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2015-11-02
- IRS object ID
- 201533069349301488
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-02T21:00:12-06:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE HORWATH LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 West Wacker Drive | AddressLine1Txt |
| Address Line2 | Suite 2600 | AddressLine2Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606061224 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362310478 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Illinois College of Optometry | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ILLI | BusinessNameControlTxt |
| Phone | 3122251700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3241 S Michigan Avenue | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John Budzynski | PersonNm |
| Person Title | VP of Business and Finance/CFO | PersonTitleTxt |
| Signature | 2015-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | john woodhull | PreparerPersonNm |
| PTIN | P01305268 | PTIN |
| Phone | 3128997000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Arol Augsburger OD | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3241 S Michigan Avenue | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $49,105,189 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.ico.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | The Illinois College of Optometry's PRIMARY EXEMPT PURPOSE IS to MAINTAIN AND CONDUCT A COLLEGE OR SCHOOL IN WHICH THE THEORY and PRACTICE OF OPTOMETRY IS TAUGHT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 750 | TotalEmployeeCnt |
| Total Volunteers | 19 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,887,464 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,918,075 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $33,633,547 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $34,770,338 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,605,379 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,046,203 | CYInvestmentIncomeAmt |
| PY Other Revenue | $328,500 | PYOtherRevenueAmt |
| CY Other Revenue | $314,420 | CYOtherRevenueAmt |
| PY Total Revenue | $39,454,890 | PYTotalRevenueAmt |
| CY Total Revenue | $39,049,036 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $631,769 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $679,602 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $23,292,306 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $23,895,687 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $426,753 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,016,852 | PYOtherExpensesAmt |
| CY Other Expenses | $13,559,815 | CYOtherExpensesAmt |
| PY Total Expenses | $37,940,927 | PYTotalExpensesAmt |
| CY Total Expenses | $38,135,104 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,513,963 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $913,932 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $101,590,640 | TotalAssetsBOYAmt |
| Total Assets EOY | $101,717,574 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $56,820,040 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $55,331,054 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $44,770,600 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $46,386,520 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE ILLINOIS COLLEGE OF OPTOMETRY'S PRIMARY EXEMPT PURPOSE IS TO MAINTAIN AND CONDUCT A COLLEGE OR SCHOOL FOR TEACHING THE THEORY AND PRACTICE OF OPTOMETRY, INCLUDING OPTOMETRIC SCIENCES, RELATED SUBJECTS, AND SUCH OTHER BRANCHES OF KNOWLEDGE AS MAY BE DEEMED APPROPRIATE; TO CONDUCT RESEARCH INTO ALL BRANCHES OF OPTOMETRY AND RELATED SUBJECTS; AND TO INSTITUTE AND FUND PROJECTS THAT MAY BE CONSIDERED BENEFICIAL TO OPTOMETRY AND ITS RELATED FIELDS AND CARRY OUT SUCH PROJECTS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $16,551,603 | ExpenseAmt |
| Grant | $679,602 | GrantAmt |
| Revenue | $25,295,127 | RevenueAmt |
| Desc | GENERAL EDUCATIONAL SERVICES AT THE ILLINOIS COLLEGE OF OPTOMETRY: CLASSROOM INSTRUCTION FOR DOCTOR OF OPTOMETRY DEGREE; CONTINUING EDUCATION AND FACULTY RESEARCH SERVING APPROXIMATELY 638 STUDENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $11,140,140 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $7,596,419 | RevenueAmt |
| Desc | EYE CLINIC: TEACHING CLINIC FOR OPTOMETRIC STUDENTS IN PURSUIT OF DOCTOR OF OPTOMETRY DEGREE; PROVIDED 41,346 OPTICAL PATIENT VISITS AND 66,776 PROFESSIONAL VISITS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $740,922 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $1,833,876 | RevenueAmt |
| Desc | DORMITORY: A DORMITORY FOR STUDENTS TO PROVIDE ON-CAMPUS LIVING QUARTERS AT A REASONABLE RATE WHILE PURSUING OPTOMETRIC EDUCATION. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $0 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $78,452 | RevenueAmt |
| Desc | THE ORGANIZATION RECEIVES OTHER PROGRAM SERVICE REVENUE RELATED TO ITS BOOKSTORE, FACULTY RESEARCH, STUDENT LOANS AND ADMINISTRATION OF ILLINOIS EYE INSTITUTE AND ILLINOIS EYE INSTITUTE FOUNDATION. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Revenue | $78,452 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $28,432,665 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 49 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 750 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN BUDZYNSKI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3122251700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3241 S MICHIGAN AVENUE | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Donovan Crouch OD FAAO | ||||||||
| Chairman of the Board | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Jeff Smith OD MBA | ||||||||
| Vice Chairman of the Board | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| R Michael Daley | ||||||||
| Treasurer of the Board | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Michael P Stinziano PHD | ||||||||
| Secretary of the Board | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Karen Eng OD | ||||||||
| Board of Trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Dwain Hahs | ||||||||
| Board of Trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Vasvi Babu OD | ||||||||
| Board of Trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Neal Hodur OD | ||||||||
| Professor of Optometry / Board of Trustees | 35.00 | Yes (X) | $125,412 | $0 | $32,937 | |||
| Sandra Block OD | ||||||||
| Professor of Optometry / Board of trustees-Part Year | 35.00 | Yes (X) | $153,004 | $0 | $36,508 | |||
| Robert Fait OD | ||||||||
| Board of Trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Charles Quattrochi CPA | ||||||||
| Board of Trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Dwight Akerman OD | ||||||||
| Board of Trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Joseph Derezynski | ||||||||
| Board of Trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Richard S Kattouf OD DOS | ||||||||
| Board of trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Brian Higgins | ||||||||
| Board of Trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Charles Weis | ||||||||
| Board of Trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Stephen H Pugh | ||||||||
| Board of trustees | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Geri Sands Hansen | ||||||||
| Board of Trustees - Part Year | Yes (X) | $0 | $0 | $0 | ||||
| Paul Erickson OD | ||||||||
| Board of Trustees - PartYear | Yes (X) | $0 | $0 | $0 | ||||
| Arol Augsburger OD | ||||||||
| President | 35.00 | Yes (X) | $496,959 | $0 | $54,124 | |||
| John Budzynski CPA | ||||||||
| VP of Business and Finance/CFO | 35.00 | Yes (X) | $205,288 | $0 | $44,282 | |||
| Valarie Conrad OD | ||||||||
| VP for Risk and Compliance | 35.00 | $180,301 | $0 | $40,287 | Yes (X) | |||
| Laura Rounce | ||||||||
| VP of Administration | 35.00 | $208,436 | $0 | $43,999 | Yes (X) | |||
| Stephanie Messner OD | ||||||||
| VP of Academic Affairs | 35.00 | $205,271 | $0 | $26,214 | Yes (X) | |||
| Leonard Messner OD | ||||||||
| VP of Patient Care | 35.00 | $195,811 | $0 | $47,451 | Yes (X) | |||
| Mark Colip OD | ||||||||
| VP of Development and Student Affairs | 35.00 | $217,326 | $0 | $45,081 | Yes (X) | |||
| Janice Jurkus OD | ||||||||
| Professor of Optometry | 35.00 | $151,116 | $0 | $26,693 | Yes (X) | |||
| Zeki Nur | ||||||||
| Sr Director of Benefits and Compensation | 35.00 | $163,860 | $0 | $34,583 | Yes (X) | |||
| Gary Lesher PHD | ||||||||
| Professor of Pharmacology | 35.00 | $162,566 | $0 | $37,678 | Yes (X) | |||
| Dominick Opitz OD | ||||||||
| Professor of Optometry | 35.00 | $149,292 | $0 | $36,263 | Yes (X) | |||
| Bruce Teitelbaum OD | ||||||||
| Professor of Optometry | 35.00 | $145,862 | $0 | $35,630 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,760,504 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $541,730 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 49 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| LEOPARDO COMPANIES | |||||
| 5200 PRAIRIE STONE PKWY | HOFFMAN ESTATES | IL | 60192 | CONSTRUCTION | $3,180,856 |
| KIMCO | |||||
| PO Box 638556 | Cincinnati | OH | 45263 | CLEANING SERVICES | $534,045 |
| JENSEN AND HALSTED | |||||
| 358 W ONTARIO | CHICAGO | IL | 60654 | ARCHITECT AND CONSTRUCTION | $366,757 |
| CHICAGO EYE INSTITUTE | |||||
| 3982 MILWAUKEE AVE | CHICAGO | IL | 60641 | MEDICAL SERVICES | $184,285 |
| LUPE'S CONTRACTING SERVICE | |||||
| 14225 MAGOUN STREET | CEDAR LAKE | IN | 46303 | CONSTRUCTION CONTRACTING | $165,872 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $1,379,151 | GovernmentGrantsAmt |
| All Other Contributions | $1,538,924 | AllOtherContributionsAmt |
| Noncash Contributions | $57,347 | NoncashContributionsAmt |
| Total Contributions | $2,918,075 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Student tuition and Fees | 611310 | $25,295,127 | $25,295,127 | $0 | $0 |
| Patient Services and Materials | 900099 | $7,596,419 | $7,596,419 | $0 | $0 |
| Bookstore and Dormitory | 900099 | $1,845,876 | $1,845,876 | ||
| Faculty Research | 900099 | $5,564 | $5,564 | ||
| Student Loan Interest | 900099 | $27,352 | $27,352 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $34,770,338 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,175,054 | TotalRevenueColumnAmt |
| Exclusion | $1,175,054 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,927,302 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,056,153 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$128,851 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$128,851 | TotalRevenueColumnAmt |
| Exclusion | -$128,851 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| Student Parking | 900099 | $80,032 | $0 | $80,032 |
| Employee Parking | 900099 | $89,010 | $0 | $89,010 |
| Catering - food service | 900099 | $25,309 | $25,309 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $120,069 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $33,536 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $86,533 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $314,420 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,049,036 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $34,803,874 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,327,087 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $679,602 | TotalAmt |
| Program Services | $679,602 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,077,480 | TotalAmt |
| Program Services | $338,087 | ProgramServicesAmt |
| Management And General | $1,548,331 | ManagementAndGeneralAmt |
| Fundraising | $191,062 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,185 | TotalAmt |
| Program Services | $177,185 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,939,389 | TotalAmt |
| Program Services | $13,007,856 | ProgramServicesAmt |
| Management And General | $2,850,588 | ManagementAndGeneralAmt |
| Fundraising | $80,945 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,521,991 | TotalAmt |
| Program Services | $1,235,678 | ProgramServicesAmt |
| Management And General | $275,362 | ManagementAndGeneralAmt |
| Fundraising | $10,951 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,022,618 | TotalAmt |
| Program Services | $2,319,470 | ProgramServicesAmt |
| Management And General | $673,819 | ManagementAndGeneralAmt |
| Fundraising | $29,329 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,157,024 | TotalAmt |
| Program Services | $898,383 | ProgramServicesAmt |
| Management And General | $241,363 | ManagementAndGeneralAmt |
| Fundraising | $17,278 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,462 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $223,462 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,894 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $122,894 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $190,658 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $190,658 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,025,021 | TotalAmt |
| Program Services | $1,477,197 | ProgramServicesAmt |
| Management And General | $542,144 | ManagementAndGeneralAmt |
| Fundraising | $5,680 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,790 | TotalAmt |
| Program Services | $95,351 | ProgramServicesAmt |
| Management And General | $31,439 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,184,735 | TotalAmt |
| Program Services | $830,514 | ProgramServicesAmt |
| Management And General | $335,032 | ManagementAndGeneralAmt |
| Fundraising | $19,189 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,919,118 | TotalAmt |
| Program Services | $1,084,712 | ProgramServicesAmt |
| Management And General | $821,185 | ManagementAndGeneralAmt |
| Fundraising | $13,221 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $702,226 | TotalAmt |
| Program Services | $324,859 | ProgramServicesAmt |
| Management And General | $361,177 | ManagementAndGeneralAmt |
| Fundraising | $16,190 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,139,516 | TotalAmt |
| Program Services | $1,007,013 | ProgramServicesAmt |
| Management And General | $128,150 | ManagementAndGeneralAmt |
| Fundraising | $4,353 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,698,335 | TotalAmt |
| Program Services | $3,177,966 | ProgramServicesAmt |
| Management And General | $503,407 | ManagementAndGeneralAmt |
| Fundraising | $16,962 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $502,805 | TotalAmt |
| Program Services | $251,596 | ProgramServicesAmt |
| Management And General | $251,209 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Resale Items | $711,956 | $711,956 | $0 | $0 |
| Bad Debt Expense | $568,734 | $563,678 | -$3,244 | $8,300 |
| Financing Fees | $44,966 | $39,737 | $5,057 | $172 |
| Membership Dues | $78,601 | $16,535 | $57,916 | $4,150 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $319,998 | TotalAmt |
| Program Services | $195,290 | ProgramServicesAmt |
| Management And General | $115,737 | ManagementAndGeneralAmt |
| Fundraising | $8,971 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,135,104 | TotalAmt |
| Program Services | $28,432,665 | ProgramServicesAmt |
| Management And General | $9,275,686 | ManagementAndGeneralAmt |
| Fundraising | $426,753 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,994,697 | BOYAmt |
| EOY | $5,997,838 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,512,569 | BOYAmt |
| EOY | $2,611,822 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,098 | BOYAmt |
| EOY | $404,639 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,919,426 | BOYAmt |
| EOY | $1,844,131 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $130,804 | BOYAmt |
| EOY | $119,480 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $902,388 | BOYAmt |
| EOY | $875,583 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $81,443,186 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $47,110,452 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,020,761 | BOYAmt |
| EOY | $34,332,734 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,003,460 | BOYAmt |
| EOY | $31,929,840 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,559,167 | BOYAmt |
| EOY | $12,386,210 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,727,599 | BOYAmt |
| EOY | $10,704,060 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $474,555 | BOYAmt |
| EOY | $432,089 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,116 | BOYAmt |
| EOY | $79,148 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,590,640 | BOYAmt |
| EOY | $101,717,574 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,996,522 | BOYAmt |
| EOY | $4,310,120 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,831,518 | BOYAmt |
| EOY | $1,870,492 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,920,000 | BOYAmt |
| EOY | $38,920,000 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,072,000 | BOYAmt |
| EOY | $10,230,442 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,820,040 | BOYAmt |
| EOY | $55,331,054 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,544,460 | BOYAmt |
| EOY | $43,208,105 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,416,696 | BOYAmt |
| EOY | $2,337,410 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $809,444 | BOYAmt |
| EOY | $841,005 | EOYAmt |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,770,600 | BOYAmt |
| EOY | $46,386,520 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,590,640 | BOYAmt |
| EOY | $101,717,574 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $913,932 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $701,988 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Investment Expense | $0 | InvestmentExpenseAmt |
| Prior Period Adjustments | $0 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $242,584 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | Yes (true) | RalliesDemonstrationsInd |
| Rallies Demonstrations | $9,357 | RalliesDemonstrationsAmt |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $251,941 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY | FormAndLineReferenceDesc |
| Explanation | This year's lobbying efforts focused on the roll out of the Affordable Care Act and issues with the transition of eye and vision services to Medicaid MCOs including credentialing our doctors in these new plans. PART 11-B, LINE 1G - LOBBYING EXPENSES PAID IS $158,371. tHE ADDITIONAL $84,213 IS AN ALLOCATION OF SALARIES PAID TO PERFORM THESE ACTIVITIES. TOTAL DIRECT LOBBYING EXPENSES = $242,584. PART II-B, LINE 1H - THE TOTAL OF $9,357 IS AN ALLOCATION OF SALARIES PAID. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,361,178 | BeginningYearBalanceAmt |
| Contributions | $214,966 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,041 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $24,945 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,549,158 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,285,155 | BeginningYearBalanceAmt |
| Contributions | $28,430 | ContributionsAmt |
| Investment Earnings Or Losses | $65,938 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $18,345 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,361,178 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,278,984 | BeginningYearBalanceAmt |
| Contributions | $14,185 | ContributionsAmt |
| Investment Earnings Or Losses | $14,236 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $22,250 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,285,155 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,251,763 | BeginningYearBalanceAmt |
| Contributions | $31,468 | ContributionsAmt |
| Investment Earnings Or Losses | $16,706 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $20,953 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,278,984 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,190,446 | BeginningYearBalanceAmt |
| Contributions | $27,900 | ContributionsAmt |
| Investment Earnings Or Losses | $55,552 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $22,135 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,251,763 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.543 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.457 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,829,021 | OtherCostOrOtherBasisAmt |
| Book Value | $2,829,021 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $56,512,393 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,893,821 | DepreciationAmt |
| Book Value | $25,618,572 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,091,057 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,216,631 | DepreciationAmt |
| Book Value | $5,874,426 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,715 | OtherCostOrOtherBasisAmt |
| Book Value | $10,715 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $34,332,734 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Real Estate Fund | $5,995,176 | F |
| Multi-Strategy Fund of Funds | $6,391,034 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $12,386,210 | TotalBookValueSecuritiesAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Student Loan Portfolio | Desc |
| Book Value | $10,704,060 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $10,704,060 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Advances from federal government for student loans | Desc |
| Amt | $10,230,442 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,230,442 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $38,880,764 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $701,988 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$679,602 | OtherRevenueAmt |
| Revenue Not Reported | $22,386 | RevenueNotReportedAmt |
| Revenue Subtotal | $38,858,378 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $190,658 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $190,658 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $39,049,036 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $37,264,844 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$679,602 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$679,602 | ExpensesNotReportedAmt |
| Expenses Subtotal | $37,944,446 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $190,658 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $190,658 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $38,135,104 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 Intended uses of endowment funds | The organization's donor-restricted endowment funds are used exclusively for scholarships. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The College has received a determination letter from the Internal Revenue Service indicating that it is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code of 1986, except for income taxes pertaining to unrelated business income. No provision has been made for income taxes in the accompanying financial statements, as the College has had no significant unrelated business income. If the College incurs interest and penalties, the College recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The College has no amounts accrued for interest or penalties as of June 30, 2015 or 2014. The College has not been examined by any tax jurisdiction. The College has no on-going federal, state or local tax audits, however, the College's tax returns for fiscal year 2012 and subsequent years are open to examination. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | SCHOLARSHIPS NETTED IN TUITION - -679602 |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | SCHOLARSHIPS NETTED IN TUITION - -679602 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | false | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | The Illinois College of Optometry (the COLLEGE) DOES NOT PUBLICIZE ITS NONDISCRIMINATORY POLICY BY NEWSPAPER OR BROADCAST MEDIA. HOWEVER, THE SCHOOL DRAWS ITS STUDENTS FROM A WIDE GEOGRAPHICAL AREA AND THUS SECTION 4(.03)(2)(B) OF REVENUE PROCEDURE 75-50 APPLIES ALLOWING THE COLLEGE TO DEMONSTRATE THAT IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY BY SHOWING THAT IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS OR ITS POLICIES ON RECRUITMENT WHICH ARE DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS IN THE GENERAL COMMUNITIES WITHIN THE AREA OF THE AVAILABILITY OF THE SCHOOL. IN ADDITION, THE COLLEGE HAS A STATEMENT IN ITS BYLAWS WHICH STATES THAT IT SHALL NOT DISCRIMINATE AGAINST ANY PERSON ON THE BASIS OF RACE, CREED, COLOR, NATIONAL OR ETHNIC ORIGIN, SEX, DISABILITY, UNFAVORABLE MILITARY DISCHARGE, MARITAL STATUS, SEXUAL PREFERENCE OR AGE. |
| Schedule E, Part I, Line 4(d) RECORDS AND COPIES MAINTAINED BY THE ORGANIZATION | |
| Schedule E, Part I, Line 5(h) DISCRIMINATION BY RACE | |
| Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT | The College receives grants and appropriations from the following sources: U.S. department of education; U.S. Department of Health and Human Services; state of Illinois: Various states with students enrolled in college under contractual arrangements. |
| Schedule E, Part I, Line 6(b) REVOCATION OR SUSPENSION OF GOVERNMENTAL AID OR ASSISTANCE | |
| Schedule E, Part I, Line 7 RACIAL NONDISCRIMINATION REQUIREMENTS |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| FUNDED SCHOLARSHIPS AND AWARDS | 55 | $119,500 | $0 | N/A | N/A |
| ICO SCHOLARSHIPS | 86 | $560,102 | $0 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds | Grants provided for Student Financial Aid are awarded by the Financial Aid Office based on appropriate guidelines. All awards are posted directly to the students' account and reviewed by the College's Business Office. |
| Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | Grants provided for Student Financial Aid are awarded by the Financial Aid Office based on appropriate guidelines. All awards are posted directly to the students' account and reviewed by the College's Business Office. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Neal Hodur OD | ||||||||||||||
| Professor of Optometry / Board of Trustees | $124,224 | $0 | $0 | $0 | $1,188 | $0 | $15,276 | $0 | $17,661 | $0 | $158,349 | $0 | $0 | $0 |
| Sandra Block OD | ||||||||||||||
| Professor of Optometry / Board of trustees-Part Year | $151,816 | $0 | $0 | $0 | $1,188 | $0 | $18,768 | $0 | $17,740 | $0 | $189,512 | $0 | $0 | $0 |
| Arol Augsburger OD | ||||||||||||||
| President | $359,617 | $0 | $63,000 | $0 | $74,342 | $0 | $31,200 | $0 | $22,924 | $0 | $551,083 | $0 | $0 | $0 |
| John Budzynski CPA | ||||||||||||||
| VP of Business and Finance/CFO | $204,100 | $0 | $0 | $0 | $1,188 | $0 | $25,222 | $0 | $19,060 | $0 | $249,570 | $0 | $0 | $0 |
| Valarie Conrad OD | ||||||||||||||
| VP for Risk and Compliance | $179,887 | $0 | $0 | $0 | $414 | $0 | $22,065 | $0 | $18,222 | $0 | $220,588 | $0 | $0 | $0 |
| Laura Rounce | ||||||||||||||
| VP of Administration | $207,662 | $0 | $0 | $0 | $774 | $0 | $25,350 | $0 | $18,649 | $0 | $252,435 | $0 | $0 | $0 |
| Stephanie Messner OD | ||||||||||||||
| VP of Academic Affairs | $204,497 | $0 | $0 | $0 | $774 | $0 | $24,618 | $0 | $1,596 | $0 | $231,485 | $0 | $0 | $0 |
| Leonard Messner OD | ||||||||||||||
| VP of Patient Care | $195,037 | $0 | $0 | $0 | $774 | $0 | $28,835 | $0 | $18,616 | $0 | $243,262 | $0 | $0 | $0 |
| Mark Colip OD | ||||||||||||||
| VP of Development and Student Affairs | $216,912 | $0 | $0 | $0 | $414 | $0 | $26,760 | $0 | $18,321 | $0 | $262,407 | $0 | $0 | $0 |
| Janice Jurkus OD | ||||||||||||||
| Professor of Optometry | $149,928 | $0 | $0 | $0 | $1,188 | $0 | $18,231 | $0 | $8,462 | $0 | $177,809 | $0 | $0 | $0 |
| Zeki Nur | ||||||||||||||
| Sr Director of Benefits and Compensation | $162,946 | $0 | $500 | $0 | $414 | $0 | $16,881 | $0 | $17,702 | $0 | $198,443 | $0 | $0 | $0 |
| Gary Lesher PHD | ||||||||||||||
| Professor of Pharmacology | $161,378 | $0 | $0 | $0 | $1,188 | $0 | $19,916 | $0 | $17,762 | $0 | $200,244 | $0 | $0 | $0 |
| Dominick Opitz OD | ||||||||||||||
| Professor of Optometry | $146,112 | $0 | $3,000 | $0 | $180 | $0 | $18,540 | $0 | $17,723 | $0 | $185,555 | $0 | $0 | $0 |
| Bruce Teitelbaum OD | ||||||||||||||
| Professor of Optometry | $144,674 | $0 | $0 | $0 | $1,188 | $0 | $17,912 | $0 | $17,718 | $0 | $181,492 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Travel for companions | The president of the college is provided a business guest travel allowance. The entire amount is treated as taxable compensation. |
| Schedule J, Part I, Line 1a Housing allowance or residence for personal use | The president of the college is provided a housing allowance for his personal residence. The entire amount is treated as taxable compensation. |
| Schedule J, Part I, Line 7 Non-fixed payments | The organization provided one time payments to certain officers, key employees and highest paid employees. These one-time payments were based on the results of the employees' performance evaluations. The amount of the bonuses were made at the discretion of the board and subject to the board's approval. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALERIE KATTOUF | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FAMILY MEMBER OF RICHARD KATTOUF, EMERITUS CHAIRMAN OF THE BOARD OF TRUSTEES | RelationshipDescriptionTxt |
| Transaction | $183,029 | TransactionAmt |
| Transaction | COMPENSATION AS PROFESSOR OF OPTOMETRY | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp (5 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Eyeglass frames and assembly | 12 | $50,057 | Cost |
| Yes (X) | Electronic Magnifier | 1 | $1,200 | Cost |
| Yes (X) | Beer and Wine for Event | 1 | $125 | Cost |
| Yes (X) | IPAD | 1 | $465 | Cost |
| Yes (X) | Opthalmic Equipment | 5500 | $5,500 | Cost |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I Explanations of reporting method for number on contributions | Other: This is recorded as one total contribution per month. Other: 1 item - 1 contribution Other: 1 contribution Other: 1 IPad for low vision clinic Other: 1 contribution |
| Schedule M, Part I Number of contributions or items contributed | This is recorded as one total contribution per month. |
| Schedule M, Part I Number of contributions or items contributed | 1 item - 1 contribution |
| Schedule M, Part I Number of contributions or items contributed | 1 contribution |
| Schedule M, Part I Number of contributions or items contributed | 1 IPad for low vision clinic |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| CoreFormPartIII_PartIIILine4d Description of other program services | (Expenses $ 0 including grants of $ 0)(Revenue $ 78,452) THE ORGANIZATION RECEIVES OTHER PROGRAM SERVICE REVENUE RELATED TO ITS BOOKSTORE, FACULTY RESEARCH, STUDENT LOANS AND ADMINISTRATION OF ILLINOIS EYE INSTITUTE AND ILLINOIS EYE INSTITUTE FOUNDATION. |
| Form 990, Part VI, Line 15b COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES | DURING THE 2014 TAX YEAR, SALARY COMPARISONS FOR ALL OTHER OFFICERS AND KEY EMPLOYEES WERE PERFORMED BY THE VP OF HUMAN RESOURCES AND THE CFO USING THE FOLLOWING SOURCES: ASCO SURVEY FOR FACULTY AND THE FOLLOWING FOR ALL NON-FACULTY POSITIONS: THE CHRONICLE OF HIGHER EDUCATION, THE NON-PROFIT ORGANIZATIONS COMPENSATION AND BENEFITS SURVEY, SALARY.COM, AND THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES. THIS PROCESS IS DOCUMENTED ON A TIMELY BASIS. |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | LEONARD MESSNER AND STEPHANIE MESSNER - Family relationship |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | Prior to filing the return with the IRS, a draft of the completed form 990 is reviewed by the organization's outside independent tax advisors. The completed draft form 990 is then presented to the full board for review and is subsequently filed with the IRS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | The Illinois College of Optometry (ICO) maintains a board-approved conflict of interest policy. At any time that a material change occurs for any trustee, member of a committee with Board-delegated power, administrator, faculty or an employee's interest during the year, the potential for conflict shall be promptly disclosed. This shall occur either before the consideration/initiation of a contract or transaction or within 30 days of the change in materiality. The policy requires that a conflict of interest disclosure questionnaire be completed and reviewed for every "interested person" annually. The policy defines an interested person as Trustees, members of board committees, administrators, employees with purchasing authority and faculty members of ICO. Faculty and employee questionnaires are reviewed by the Compliance Officer and any potential conflicts will then be reviewed with the appropriate department administrator. The President will review the questionnaires of the senior administrative staff. All conflicts will be evaluated and any conflict that is determined to be material will be managed, if possible, or promptly eliminated. The Dean will review all faculty questionnaires. All conflicts will be evaluated and any conflict that is determined to be material will be managed, if possible, or promptly eliminated. The disclosure questionnaires of the Trustees, all members of Board committees with Board-delegated powers and the President/CEO will be sent to the Audit Committee and the Chairman of the Board by the Audit Committee Chair. The committee members will promptly review the questionnaires to identify any material conflicts and engage a process to investigate, manage or eliminate the conflict. The following procedural guideline shall apply if the Audit Committee determines that a significant or material conflict of interest may exist: (a.) The Audit Committee shall file the disclosure questionnaire of the interested person(s) with ICO's general counsel within 14 days and shall immediately alert any Trustees, committee members and/or the President that a proposed contract, transaction, or arrangement being considered may create a possible conflict. No action shall be taken on the proposed contract, transaction, or arrangement that creates the potential conflict until all the directives of this policy are completed. (b.)The interested person(s) will fully disclose, to the Audit Committee, all material facts relating to the interest. Only the disinterested members of the Audit Committee shall discuss the conflict. The disinterested members of the Audit Committee shall present its findings to the full Board for discussion and action. All disinterested Trustees must vote to determine whether a conflict of interest exists absent the Trustees who are interested persons. Should the disinterested members of the Board determine that a conflict of interest exists with respect to a particular contract, transaction or arrangement: (a.) The disinterested members of the Board shall exercise due diligence to determine whether ICO could obtain a more advantageous contract, transaction, or arrangement with reasonable efforts under the circumstances. If appropriate, the Board shall appoint a disinterested person, administrator or committee to investigate alternatives to the proposed contract, transaction, or arrangement. Such person or committee shall report its findings to the Board. (b.) The Board may approve the contract, transaction, or arrangement with an interested party only if the disinterested Trustees determine by a majority vote that the Board has satisfied its fiduciary duties toward ICO and qualified for the rebuttable presumption of reasonableness under internal revenue code section 4958 (the "intermediate sanctions statute"). Specifically, the Board may approve the contract, transaction, or arrangement only if the disinterested Trustees determine by a majority vote that: i. The proposed contract, transaction, or arrangement is in the college's own benefit; ii. Based on available and documented comparability data and/or independent valuations or appraisals, and on other essential factors (such as quality and timeliness), the proposed contract, transaction, or arrangement is fair and reasonable to ICO; and iii. ICO could not obtain a more advantageous contract, transaction, or arrangement with reasonable efforts under the circumstances. In addition, the Board shall take all other steps necessary or advisable to satisfy the requirements of the intermediate sanctions statute and its accompanying regulations and to qualify for the rebuttable presumption of reasonableness under such regulations. (c.) If an interested person, whether directly or indirectly, receives or would receive remuneration that could reasonably be construed to violate the anti-fraud and abuse provisions of the federal law governing the Medicare and Medicaid programs, such remuneration shall not be paid or shall be returned immediately to the payer. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | The president's compensation was reviewed by an outside consultant in 2011; this review was still considered relevant, and relied upon for 2014. On an annual basis, the Executive Committee of the Board of Trustees performs a performance review of the president. Any recommendations for increases are forwarded to the Finance Committee and then the Board of Trustees for review and approval. The review and approval are timely documented. The president's base compensation package is documented in a written employment contract. |
| Form 990, Part VI, Line 19 Required documents available to the public | Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. |
| Form 990, Part VII, Section A Compensation | Neal Hodur and Sandra Block are compensated as Professors of Optometry and not as Board Members. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | OTHER - Total Revenue: 120069, Related or Exempt Function Revenue: 33536, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 86533; |
| Schedule M, Part I Number of contributions or items contributed | 1 contribution |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS EYE INSTITUTE FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3241 S MICHIGAN AVENUE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264194132 | EIN |
| Primary Activities | FUNDRAISING | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3 | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS COLLEGE OF OPTOMETRY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |