2014-04-15T19:38:31-05:00 2013-05-31 362985665 WOLF & COMPANY LLP 1901 S MEYERS RD SUITE 500 OAKBROOK TERRACE IL 601815209 990 2012-06-01 362722198 BENEDICTINE UNIVERSITY BENE 6308296000 5700 COLLEGE ROAD LISLE IL 60532 WILLIAM J CARROLL 6308296000 2014-04-15 1 SCOTT C TERMINE P00137961 6305454500 2012 2015-11-30 17:44:51Z WILLIAM J CARROLL 5700 COLLEGE ROAD LISLE IL 60532 152900636 0 0928 X WWW.BEN.EDU X 1887 IL BENEDICTINE UNIVERSITY DEDICATES ITSELF TO THE EDUCATION OF UNDERGRADUATE AND GRADUATE STUDENTS FROM DIVERSE ETHNIC, RACIAL, AND RELIGIOUS BACKGROUNDS. AS AN ACADEMIC COMMUNITY COMMITTED TO LIBERAL ARTS AND PROFESSIONAL EDUCATION DISTINGUISHED AND GUIDED BY ITS ROMAN CATHOLIC TRADITION AND BENEDICTINE HERITAGE, THE UNIVERSITY PREPARES ITS STUDENTS FOR A LIFETIME AS ACTIVE, INFORMED, AND RESPONSIBLE CITIZENS AND LEADERS IN THE WORLD COMMUNITY. 32 31 2162 97 0 0 16587775 20430567 108283848 111759790 827212 2065616 -101818 -117379 125597017 134138594 36591922 38587572 0 0 45982918 49665759 0 0 2341748 39415235 37861897 121990075 126115228 3606942 8023366 140492259 150035889 58389258 56191257 82103001 93844632 X BENEDICTINE UNIVERSITY DEDICATES ITSELF TO THE EDUCATION OF UNDERGRADUATE & GRADUATE STUDENTS FROM DIVERSE ETHNIC, RACIAL AND RELIGIOUS BACKGROUNDS. AS AN ACADEMIC COMMUNITY COMMITTED TO LIBERAL ARTS AND PROFESSIONAL EDUCATION DISTINGUISHED AND GUIDED BY ITS ROMAN CATHOLIC TRADITION AND BENEDICTINE HERITAGE, THE UNIVERSITY PREPARES ITS STUDENTS FOR A LIFETIME AS ACTIVE, INFORMED, AND RESPONSIBLE CITIZENS AND LEADERS IN THE WORLD COMMUNITY. 0 0 117200897 38587572 111759790 EDUCATIONAL ACTIVITIES AND RELATED ENTERPRISE COSTS AND EXPENSES FOR 6,516 (FALL 2012) UNDERGRADUATE AND GRADUATE STUDENT ENROLLMENT. 117200897 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 288 0 1 2162 1 0 1 CH 0 0 0 1 1 0 0 0 0 0 0 0 X 32 31 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X FINANCE DEPARTMENT 6308296000 5700 COLLEGE ROAD LISLE IL 60532 ABBOT AUSTIN G MURPHY 1.00 X 0 0 0 ABBOT HUGH ANDERSON 1.00 X X 0 0 0 ARTHUR S LITTLEFIELD 1.00 X 0 0 0 BROTHER CHARLES R HLAVA 1.00 X 0 0 0 CAROLYN GRAHAM 1.00 X 0 0 0 CHARLIE A THURSTON 1.00 X 0 0 0 CLAUDIA J COLALILLO 1.00 X 0 0 0 DANIEL F RIGBY 1.00 X 0 0 0 DANIEL L GOODWIN 1.00 X X 0 0 0 DANIEL M ROMANO 1.00 X 0 0 0 DR LEONARD S PIAZZA 1.00 X 0 0 0 GREG ELLIOT SR 1.00 X 0 0 0 JAMES H BEATTY 1.00 X 0 0 0 JAMES L MELSA 1.00 X 0 0 0 JOHN P CALAMOS 1.00 X 0 0 0 KATHERINE A DONOFRIO 1.00 X 0 0 0 MACK C GASTON 1.00 X 0 0 0 MAUREEN BEAL 1.00 X 0 0 0 MICHAEL J BIRCK 1.00 X 0 0 0 MICHAEL S SIUREK 1.00 X 0 0 0 NORMAN BELES 1.00 X 0 0 0 PAUL J LEHMAN 1.00 X 0 0 0 PAUL R GAUVREAU 1.00 X 0 0 0 PETER J WRENN 1.00 X 0 0 0 REV EDWARD J KUCERA 1.00 X 0 0 0 ROBERT E KING 1.00 X 0 0 0 ROBERTO RAMIREZ 1.00 X 0 0 0 ROSEMARY MACKO WISNOSKY 1.00 X 0 0 0 SISTER JUDITH ANN HEBLE 1.00 X 0 0 0 TASNEEM A OSMANI 1.00 X 0 0 0 WILLIAM J CARROLL 40.00 X X 619540 23300 38397 WILLIS GILLETT 1.00 X X 0 0 0 ALLAN GOZUM 40.00 X 228334 0 23348 CHARLES GREGORY 40.00 X 349490 9708 39522 DONALD TAYLOR 40.00 X 255416 9708 40877 BARTHOLOMW NG 40.00 X 172189 0 22584 MICHAEL BROMBERG 40.00 X 143594 0 20063 MICHAEL CARROLL 40.00 X 139007 0 20165 RALPH MEEKER 40.00 X 145269 0 24815 RAMKRISHNAN TENKASI 40.00 X 137758 0 21943 2190597 42716 251714 9 0 1 0 DELTAK EDU INC 1415 W 22ND ST STE 400 OAK BROOK IL 60523 ON-LINE EDUCATIONAL SERVICES 9581417 INTERNATIONAL CONTRACTORS INC 977 S ROUTE 83 ELMHURST IL 60126 CONSTRUCTION 6997883 SODEXO SERVICES LBX 4880 540 W MADISON ST 4TH FLO CHICAGO IL 60661 FOOD SERVICE & FACILITIES MAINTENANCE 4145798 DLR GROUP INC 222 SOUTH RIVERSIDE PLAZA SUITE 22 CHICAGO IL 60606 ARCHITECTURAL 1030711 KELMSCOTT COMMUNICATIONS INC 1665 MALLETTE RD AURORA IL 60505 MARKETING AND PUBLISHING SERVICES 536192 5 275830 14848970 5305767 65228 20430567 TUITION AND FEES 611710 106390857 106390857 AUXILIARY ENTERPRISES 611710 4346798 4346798 OTHER ED. ACTIVITIES 611710 1022135 1022135 111759790 1242167 1242167 19406716 18583267 823449 823449 823449 61396 275830 178775 -117379 -117379 134138594 111759790 0 1948237 38587572 38587572 1529521 1529521 37928501 34636080 2143082 1149339 1439715 1314460 82064 43191 5860189 5350352 334031 175806 2907833 2561801 261705 84327 76823 76823 88345 88345 153969 153969 650111 537249 24834 88028 1735008 1680335 25523 29150 3696123 3425039 139766 131318 1240585 927823 267528 45234 3279712 3196541 65195 17976 1852415 1674178 118752 59485 190586 178716 8343 3527 991154 991154 3830689 3689900 103739 37050 300440 142688 157752 OUTSIDE SERVICES 14905142 14418718 426543 59881 FOOD SERVICE 733774 641626 57157 34991 BAD DEBTS 642973 642973 DUES & MEMBERSHIPS 274086 131973 140772 1341 3219962 2471719 367139 381104 126115228 117200897 6572583 2341748 11222788 11767514 125000 39579 5553336 8181283 2067555 2201210 279783 303549 113680424 39646971 69369651 74033453 48409553 47704797 3464593 5804504 140492259 150035889 8634428 7189845 3455883 5655838 38005000 35974000 888259 837409 7405688 6534165 58389258 56191257 X 62441980 68062786 8462823 13439410 11198198 12342436 82103001 93844632 140492259 150035889 X 8023366 3056525 661740 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2418422 X X X 0 28545435 3829953 4880399 1263865 35991922 31398349 116986 -2655184 -314716 28545435 24907011 237834 6481424 -227920 31398349 20342195 769205 3927221 -129189 -2421 24907011 30077873 370118 -9711953 -311824 -82019 20342195 0.43660 0.35180 0.21160 0 0 914651 914651 83610806 24982788 58628018 9904568 2836778 7067790 16831977 11827405 5004572 2418422 2418422 74033453 CASH EQUIVALENTS 13231724 F COMMON STOCKS 998738 F PREFERRED STOCKS 3281837 F FIXED INCOME MUTUAL FUNDS 4137170 F COMMODITY MUTUAL FUNDS 6291 F REAL ESTATE INVESTMENT TRUST 3464303 F ENERGY TRUSTS 1103800 F EQUITY MUTUAL FUNDS 8085601 F POOLED INVESTMENTS 13289968 F BOND FUNDS 954 F CASH SURRENDER VALUE OF LIFE INSURANCE 104411 F 47704797 DEPOSITS 1719277 ADVANCES FROM US GOVT FOR STUDENT LOANS HELD FOR OTHERS 1935312 INTEREST RATE SWAP AGREEMENT LIABILITY 2147364 DEFERRED LEASE INCENTIVE 243967 DEFERRED RENT LIABILITY 287324 DUE TO AFFILIATE 200921 6534165 X 98722315 3056525 89962 3146487 95575828 153969 38408797 38562766 134138594 87642424 89962 178775 268737 87373687 153969 38587572 38741541 126115228 PART III, LINE 4: THE JURICA-SUCHY NATURE MUSEUM IS A SMALL, NATURAL HISTORY MUSEUM WITH ABOUT 10,000 SPECIMENS RANGING IN SIZE FROM A TINY GNAT TO A SKELETON OF A BALEEN WHALE. THE COLLECTION REPRESENTS BOTH VERTEBRATE AND INVERTEBRATE ANIMALS AND INCLUDES SEVERAL RARE SPECIMENS OF EXTINCT AND ENDANGERED ANIMALS. THERE IS ALSO A LARGE COLLECTION OF FOSSILS AND ROCKS AND MINERALS IN THE STORAGE AREA THAT IS IN THE PROCESS OF BEING INVENTORIED. MANY LOCAL TEACHERS BRING THEIR CLASSES TO THE JURICA-SUCHY NATURE MUSEUM TO FOCUS ON PARTICULAR THEMES TO ENHANCE THEIR CURRICULUM. THE STUDENTS TAKE A BRIEF TOUR; VISIT THE LEARNING CIRCLE UNDER THE WHALE TO TOUCH DIFFERENT SPECIMENS AND THEN SET OFF TO WORK ON AN ACTIVITY SHEET SELECTED BY THE TEACHER. BECAUSE THE MUSEUM IS AN INTIMATE SPACE, FILLED WITH SPECIMENS, CHILDREN ARE ABLE TO MAKE OBSERVATIONS, EXPLORE DIFFERENCES AMONG THE SPECIMENS, AND THINK ABOUT THEM. THE MUSEUM HOSTS MANY HOME SCHOOL FAMILIES AND ALSO IS USED BY OUR BENEDICTINE STUDENTS FOR CLASS ASSIGNMENTS IN BIOLOGY, ART AND EDUCATION. THERE ARE OVER 5000 VISITORS TO THE MUSEUM EACH YEAR. IN ADDITION, THE JURICA-SUCHY NATURE MUSEUM OFFERS A DISCOVERY BOX LOAN PROGRAM OF MORE THAN 40 BOXES FOR TEACHERS, HOME SCHOOL FAMILIES AND OTHER GROUPS. THE BOXES CONTAIN MUSEUM SPECIMENS, BACKGROUND INFORMATION, VISUAL AIDS, CURRICULAR GUIDES, AND SUGGESTED CLASSROOM ACTIVITIES. THIS PROGRAM REACHES AN ADDITIONAL 5000 CHILDREN EACH YEAR. THESE PROGRAMS ARE OFFERED AT NO COST TO OUR PUBLIC AS A MEANS OF FURTHERING EDUCATION IN THE NATURAL SCIENCES IN OUR COMMUNITY. BENEDICTINE UNIVERSITY POSSESSES AN ART COLLECTION NUMBERING NEARLY 4,000 PIECES AND ARTIFACTS. THE COLLECTION REPRESENTS BOTH FINE AND APPLIED ARTS, AND IS QUITE DIVERSE IN ITS SCOPE OF SUBJECT AND MEDIA; WHILE THE MAJORITY OF THE COLLECTION HAS A RELIGIOUS THEME. THE COLLECTION CONSISTS MAINLY OF CERAMICS, DRAWINGS, PAINTINGS, ORIGINAL FINE ART PRINTS, PHOTOGRAPHY, TEXTILE, SCULPTURE, MIXED MEDIA, FOLK ART AND KITSCH. THE UNIVERSITYS ART COLLECTION IS VISIBLE THROUGHOUT THE ENTIRE CAMPUS, AND ITS BRANCH CAMPUS. IN ADDITION TO THE NUMEROUS AREA TEACHERS, PARENTS, SPECIAL ART INTEREST GROUPS AND VISITORS THAT COME TO THE UNIVERSITY, AND NEIGHBORING ST. PROCOPIUS ABBEY, FOR THE EXPRESS PURPOSE OF A GUIDED TOUR OF THE CAMPUS, VIRTUALLY EVERY CAMPUS VISITOR IS ABLE TO SEE A PART OF THE ART COLLECTION. THIS MUST BE NOTED AS MOST COLLEGE COLLECTIONS HAVE A DESIGNATED AREA FOR SHOWING ARTWORK OR EXHIBITIONS, USUALLY WITHIN A CONTAINED EXHIBITION SPACE. BENEDICTINE UNIVERSITY DOES HAVE ONE DESIGNATED ENCLOSED SET OF DISPLAY CASES, IN THE LOWER AREA OF KRASA HALL, FOR THE PURPOSE OF SHOWING SMALLER EXHIBITIONS, BUT THE 2ND FLOOR OF KINDLON HALL, OUTSIDE THE LIBRARY, HAS RECENTLY BEEN OPENED UP TO SHOW LARGER EXHIBITIONS. CLASSES ON CAMPUS ARE ENCOURAGED TO UTILIZE THE ART COLLECTION TO ENHANCE THEIR CURRICULUM. THE UNIVERSITY IS ALSO HOST TO VARIOUS SUMMER SPORTS AND MUSIC CAMPS WHEREBY AN ADDITIONAL VIEWING AUDIENCE FROM THE COMMUNITY IS ABLE TO SEE AND APPRECIATE THE ART COLLECTION. THE COLLECTION ENHANCES THE ART CURRICULUM, BUT THE ENORMITY OF THE COLLECTION AND BEING SPREAD THROUGHOUT THE CAMPUS AS IT IS, HAS TRANSFORMED THE CAMPUS INTO A GIGANTIC ART GALLERY, WHEREBY ART IS APPRECIATED BY THE MASSES AND OF AESTHETIC MERIT TO ALL DISCIPLINES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR A PORTION OF ITS PERMANENTLY RESTRICTED ENDOWMENT FUNDS FAIR VALUE AS OF THE LAST DAY OF THE YEAR PRECEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. DISTRIBUTIONS FROM OTHER ENDOWMENTS ARE MADE ON THE BASIS OF PRUDENT APPLICATION OF THE FUNDS IN FURTHERANCE OF THE UNIVERSITY'S STRATEGIC PLAN IN ACCORDANCE WITH DONOR-IMPOSED RESTRICTIONS, WHEN AND IF APPLICABLE, ON THE USE OF THE FUNDS. IN ESTABLISHING THIS POLICY, THE UNIVERSITY CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS INVESTMENT ASSETS, THE NATURE AND DURATION OF THE INDIVIDUAL ENDOWMENT FUNDS, MANY OF WHICH MUST BE MAINTAINED IN PERPETUITY BECAUSE OF DONOR-IMPOSED RESTRICTIONS, AND THE POSSIBLE EFFECT OF INFLATION. THE UNIVERSITY EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT FUNDS TO GROW AT A NOMINAL AVERAGE ANNUAL RATE, THAT WILL PROVIDE A DEPENDABLE AND GROWING SOURCE OF FUNDING SUPPORT AND FINANCIAL DISTRIBUTIONS FOR THE UNIVERSITY, WHILE PRESERVING THE PRINCIPAL OF THE FUNDS AND PROTECTING THEIR VALUE FROM THE IMPACT OF INFLATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE 2009 TAX YEAR. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -178,775. SCHOLARSHIPS AND GRANTS 38,587,572. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 178,775. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AND GRANTS 38,587,572. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 BENEDICTINE UNIVERSITY PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY IN ITS STUDENT AND EMPLOYEE RECRUITMENT MATERIALS, APPLICATIONS, BUS. TRANSACTIONS, LEGAL DOCUMENTS, CATALOG, OPERATIONAL MATERIALS, AND IN INTERNAL AND EXTERNAL COMMUNICATION. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE INSTITUTION RECEIVED FINANCIAL AID FROM GOVERNMENT AGENCIES OF $14,848,970 AS INDICATED IN SUPPORT OF FORM 990, PAGE 9, LINE 1E. EAST ASIA AND PACIFIC REGION 1 2 PROGRAM SERVICES PROVIDING EDUCATIONAL SERVICES FOR MASTERS LEVEL PROGRAM. 525476 1 2 0 0 1 2 525476 0 525476 0 0 1 0 0 0 PRES. GOLF OUTING 337226 275830 61396 44461 70500 38798 25016 337226 275830 61396 44461 70500 38798 25016 178775 -117379 1 INSTITUTIONAL 3282 25390001 OTHER N/A ENDOWED 133 327418 OTHER N/A FEDERAL 1724 6914966 OTHER N/A STATE 1471 5173851 OTHER N/A OUTSIDE 181 781336 OTHER N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: BENEDICTINE UNIVERSITY'S OFFICE OF FINANCIAL AID ADMINISTERS FEDERAL TITLE IV, STATE, PRIVATE AND INSTITUTIONAL GRANTS IN THE FORM OF STUDENT SCHOLARSHIPS, GRANTS, WAIVERS AND AWARDS. THE OFFICE OF FINANCIAL AID FOLLOWS SPECIFIC GRANT PROGRAM CRITERIA TO: DETERMINE STUDENT ELIGIBILITY AND SELECTION; MONITOR APPROPRIATE HANDLING OF FUNDS, AND; MEET REPORTING AND RECORD RETENTION REQUIREMENTS. DOCUMENTATION OF ALL STUDENT FINANCIAL ASSISTANCE FUNDING IS MAINTAINED IN THE STUDENTS AID FILE AND UNIVERSITY COMPUTER SYSTEM. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 WILLIAM J CARROLL 491577 23300 60000 0 67963 0 17500 0 20897 0 657937 23300 0 0 ALLAN GOZUM 217459 0 10000 0 875 0 11399 0 11949 0 251682 0 0 0 CHARLES GREGORY 307826 9708 35000 0 6664 0 17500 0 22022 0 389012 9708 0 0 DONALD TAYLOR 244007 9708 10000 0 1409 0 17000 0 23877 0 296293 9708 0 0 BARTHOLOMW NG 167835 0 0 0 4354 0 10800 0 11784 0 194773 0 0 0 MICHAEL BROMBERG 141706 0 0 0 1888 0 10094 0 9969 0 163657 0 0 0 MICHAEL CARROLL 134604 0 0 0 4403 0 8724 0 11441 0 159172 0 0 0 RALPH MEEKER 141299 0 0 0 3970 0 10038 0 14777 0 170084 0 0 0 RAMKRISHNAN TENKASI 136860 0 0 0 898 0 9637 0 12306 0 159701 0 0 0 A ILLINOIS FINANCE AUTHORITY SERIES 2006 861091967 45200BVT2 2006-01-23 6500000 BENEDICTINE UNIVERSITY PROJECT 0 0 0 B COUNTY OF DUPAGE ILLINOIS 366006551 26604PAA7 2010-06-30 10438000 SEE PART V 0 0 0 C COUNTY OF DUPAGE ILLINOIS 366006551 26604PAB5 2010-06-30 2857000 SEE PART V 0 0 0 A 6500000 130000 61750 6308250 2009 0 0 1 1 B 10438000 197466 16693 10223841 2011 0 0 1 1 C 2857000 57140 7807 2792053 2011 0 0 1 1 A 0 0 0 0 0.00680 0.00000 0.00680 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 1 1 US BANK NATIONAL ASSOCIATION 10.000000000000 1 0 0 0 0 C 0 0 1 0 1 1 US BANK NATIONAL ASSOCIATION 10.000000000000 1 0 0 0 0 (A) ISSUER NAME: COUNTY OF DUPAGE, ILLINOIS - SERIES 2010A BONDS DESCRIPTION OF PURPOSE: TO FINANCE COSTS OF CONSTRUCTION OF A FOUR-LEVEL, APPROXIMATELY 153,860 SQUARE FOOT PARKING GARAGE WITH APPROXIMATELY 425 PARKING SPACES, SUBSTANTIAL RENOVATION OF THE APPROXIMATELY 24,927 SQUARE FEET EXISTING RICE ATHLETIC CENTER (INCLUDING, WITHOUT LIMITATION, RENOVATIONS TO THE WELCOME CENTER, THE LEGENDS CENTER AND HALL OF FAME AND THE COACHES AND CONFERENCE AREA), THE ACQUISITION OF FURNITURE AND EQUIPMENT FOR USE THEREIN, CERTAIN RELATED SITE DEVELOPMENT EXPENDITURES AND RELATED CAPITAL EXPENDITURES ON CAMPUS, ALL TO BE OWNED AND OPERATED BY BENEDICTINE UNIVERSITY AT BENEDICTINE UNIVERSITY'S CAMPUS LOCATED AT 5700 COLLEGE ROAD IN LISLE, DUPAGE COUNTY, ILLINOIS (THE 'PROJECT'). (A) ISSUER NAME: COUNTY OF DUPAGE, ILLINOIS - SERIES 2010B BONDS (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE SERIES 2010B BONDS WILL BE USED TO FINANCE COSTS OF THAT PART OF THE PROJECT CONSISTING OF THE FITNESS CENTER IN THE RICE ATHLETIC CENTER, AS WELL AS OTHER COSTS OF THE PROJECT ALLOCABLE TO THE FITNESS CENTER. (A) ISSUER NAME: ILLINOIS FINANCE AUTHORITY SERIES 2006 A REBATE COMPUTATION WAS PERFORMED ON FEBRUARY 24, 2011 AND IT WAS DETERMINED THAT NO REBATE WAS DUE. DELTAK INC TRUSTEE, ROBERT E. KING, IS AN OFFICER, DIR., TRUSTEE, KEY EMP., OR PARTNER 9581417 TUITION SHARING FOR ON-LINE SERVICES. 1 X 1 75 ESTIMATED FAIR VALUE X 1488 ESTIMATED FAIR VALUE X 50277 ESTIMATED FAIR VALUE X 7 1959 ESTIMATED FAIR VALUE X EVENT TICKETS/GC 56 9544 ESTIMATED FAIR VALUE X MISCELLAENOUS SERVICES 3 1380 ESTIMATED FAIR VALUE X EQUIPMENT 2 505 ESTIMATED FAIR VALUE 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: ALL IN-KIND CONTRIBUTIONS ARE RECORDED BY THE DEVELOPMENT OFFICE IN THEIR MILLENNIUM SOFTWARE SYSTEM, WHICH INCLUDES A CONCISE DESCRIPTION OF THE IN-KIND CONTRIBUTION AND A MEMO ENTRY OF THE VALUE SUGGESTED BY THE DONOR. FORM 990, PART VI, SECTION A, LINE 6 BENEDICTINE UNIVERSITY IS A MEMBERSHIP CORPORATION WITH TWO CLASSES OF PARTICIPANTS IN THE CORPORATION: MEMBERS AND TRUSTEES. MEMBERS OF THE CORPORATION ARE THE INDIVIDUALS CONSTITUTING THE BOARD OF DIRECTORS OF ST. PROCOPIUS ABBEY, A NOT-FOR-PROFIT CORPORATION. THE BENEDICTINE MONKS OF ST. PROCOPIUS ABBEY FOUNDED BENEDICTINE UNIVERSITY AS ST. PROCOPIUS COLLEGE IN 1887. FORM 990, PART VI, SECTION A, LINE 7B IT REQUIRES A TWO-THIRDS AFFIRMATIVE VOTE OF ALL MEMBERS TO APPROVE: (1) ANY SALE, MORTGAGE OR ENCUMBRANCE OF ANY REAL ESTATE OF THE UNIVERSITY; (2) THE MERGER, LIQUIDATION OR DISSOLUTION OF THE UNIVERSITY; (3) CHANGES OR AMENDMENTS OF THE ARTICLES OF INCORPORATION OF THE UNIVERSITY AND BY-LAWS; AND (4) ELECTION OF TRUSTEES. (NEW TRUSTEES ARE ELECTED BY A MAJORITY OF THE TRUSTEES IN OFFICE AT ANY REGULAR MEETING OF THE FULL BOARD.) FORM 990, PART VI, SECTION B, LINE 11 THE PROCESS USED BY THE UNIVERSITY TO REVIEW THE FORM 990: THE EXECUTIVE VICE PRESIDENT, VICE PRESIDENT OF FINANCE, COMPLIANCE OFFICER, AND THE DIRECTOR OF GENERAL ACCOUNTING REVIEW THE DRAFT FORM 990, TOGETHER WITH ITS OUTSIDE ACCOUNTING FIRM. THE COMPLETED 990 IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. A COPY IS PROVIDED TO EACH MEMBER OF THE FULL BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COMPLIANCE OFFICER ANNUALLY DISTRIBUTES THE CONFLICTS OF INTEREST POLICY AND DISCLOSURE QUESTIONNAIRE, TO TRUSTEES, OFFICERS, FACULTY AND STAFF. TRUSTEES RECEIVE A COPY OF THE CONFLICTS OF INTEREST POLICY IN THE TRUSTEE HANDBOOK. EACH IS REQUIRED TO ANNUALLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST BY SIGNING AND SUBMITTING THE UNIVERSITY DISCLOSURE QUESTIONNAIRE AND UPDATING IT AS PERTINENT NEW INTERESTS OR SITUATIONS ARISE. RESPONSES TO THE DISCLOSURE QUESTIONNAIRE ARE REVIEWED AND DISCLOSED CONFLICTS ARE RESOLVED. THE OFFICE OF THE PROVOST, THE OFFICE OF BUSINESS AND FINANCE SERVICES, AND THE COMPLIANCE OFFICER PROVIDE ASSISTANCE BY ANSWERING QUESTIONS AND PROVIDING GUIDANCE ON APPROACHES TO RESOLVING CONFLICTS OF INTEREST. INDIVIDUALS WHO FAIL TO COMPLETE THE ANNUAL DISCLOSURE QUESTIONNAIRE AND/OR FAIL TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE SUBJECT TO APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT, OTHER OFFICERS OR KEY EMPLOYEES OF THE UNIVERSITY: THE CHAIRMAN OF THE BOARD OF TRUSTEES AND FOUR OTHER INDEPENDENT MEMBERS OF THE BOARD COMPRISED THE COMPENSATION COMMITTEE. THIS GROUP REVIEWS AND DETERMINES EXECUTIVE COMPENSATION THROUGH THE USE OF COMPARABLE COMPENSATION DATA FROM VARIOUS SOURCES INCLUDING THE CHRONICLE OF HIGHER EDUCATION, PROFESSIONAL SEARCH FIRMS SPECIALIZING IN HIGHER EDUCATION PLACEMENT, AND CASE COMPENSATION DATA. THE COMMITTEE MET AND REVIEWED SALARY HISTORY AND PERFORMED AN ANALYSIS IN REACHING THE ANNUAL COMPENSATION. CONTEMPORANEOUS DOCUMENTATION WAS KEPT AND MAINTAINED. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL INFORMATION IS ALSO PUBLISHED IN THE UNIVERSITY'S VOICES MAGAZINE. IN FY 2010 THE BENEDICTINE UNIVERSITY CONFLICTS OF INTEREST POLICY IS AVAILABLE ON THE COMPLIANCE PAGE OF THE UNIVERSITY'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 661,740. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOUNDERS WOODS 5700 COLLEGE ROAD LISLE IL 60532 364376857 SUPPORT BENEDICTINE IL 501(C)(3) LINE 9 N/A 0 SPRINGFIELD COLLEGE IN ILLINOIS 1500 NORTH FIFTH STREET SPRINGFIELD IL 62701 370663573 EDUCATION IL 501(C)(3) LINE 2 N/A 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 1 1 0 FOUNDERS WOODS R 2016724 COST FOUNDERS WOODS Q 276638 COST FOUNDERS WOODS D 9700000 COST FOUNDERS WOODS E 200921 COST FOUNDERS WOODS J 1 COST SPRINGFIELD COLLEGE IN ILLINOIS E 1141073 COST SPRINGFIELD COLLEGE IN ILLINOIS K 674250 COST