2013-04-12T15:58:04-05:00 2012-05-31 420714325 MCGLADREY LLP 15 S OLD STATE CAPITOL PLZ STE 200 SPRINGFIELD IL 627011510 990 2011-06-01 370661211 ILLINOIS COLLEGE ILLI 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 FRANK WILLIAMS 2172453003 2013-04-11 1 MICHAEL BASS P00458970 2177897700 2011 2016-02-25 16:41:14Z DR AXEL STEUER 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 55678486 0 X WWW.IC.EDU X 1835 IL ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING PROVIDING A FOUR-YEAR EDUCATIONAL PROGRAM LEADING TO THE BACCALAUREATE DEGREE. ILLINOIS COLLEGE IS A COMMUNITY COMMITTED TO THE HIGHEST STANDARDS OF SCHOLARSHIP AND INTEGRITY IN THE LIBERAL ARTS. 25 25 985 432 2472 -6346 3041729 2637851 24037329 27615843 4872137 4047463 588928 648982 32540123 34950139 9502556 11466204 0 0 13934593 15074381 0 0 1298945 12753812 13791058 36190961 40331643 -3650838 -5381504 207112295 207970234 32220453 32419723 174891842 175550511 TRUE TO ITS FOUNDING VISION IN 1829, ILLINOIS COLLEGE IS A COMMUNITY COMMITTED TO THE HIGHEST STANDARDS OF SCHOLARSHIP AND INTEGRITY IN THE LIBERAL ARTS. THE COLLEGE DEVELOPS IN ITS STUDENTS QUALITIES OF MIND AND CHARACTER NEEDED FOR FULFILLING LIVES OF LEADERSHIP AND SERVICE. 0 0 36284708 32482657 PROVISION OF POST-SECONDARY EDUCATION TO APPROXIMATELY 900 STUDENTS 36284708 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 125 0 1 985 1 1 1 0 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X FRANK WILLIAMS 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 JOY FRENCH BECKER 1.00 X 0 0 0 JAMES P BRUNER 1.00 X 0 0 0 ROBERT CHIPMAN 1.00 X 0 0 0 HARMON B DEAL III 1.00 X 0 0 0 DEL DUNHAM 1.00 X 0 0 0 VENICE M MEYER 1.00 X 0 0 0 JOHN KAY DMIN 1.00 X 0 0 0 PATRICK MATHIS 1.00 X 0 0 0 STEVEN MILLS 1.00 X 0 0 0 JOHN PORTER 1.00 X 0 0 0 JOHN POWER 1.00 X 0 0 0 SUSAN PRATT PHD 1.00 X 0 0 0 HENRY SCHMITT 1.00 X 0 0 0 JEAN COULTAS STATLER 1.00 X 0 0 0 ROBERT B THOMSON III 1.00 X 0 0 0 STEPHEN D OETGEN 1.00 X 0 0 0 JAMES VOYLES 1.00 X 0 0 0 E EUGENE WELLS DDS 1.00 X 0 0 0 GARY HAYNES MD PHD 1.00 X 0 0 0 DUANE HESS 1.00 X 0 0 0 ELLEN RAMMELKAMP MILLER 1.00 X 0 0 0 ROBERT BONJEAN JR 1.00 X 0 0 0 LINDA NEWMAN PRICE 1.00 X 0 0 0 HCHANDLER TAYLOR 1.00 X 0 0 0 STEVEN TAVENDER 1.00 X 0 0 0 JOEL C HARMON 1.00 X 0 0 0 SUSAN ALLEN 1.00 X 0 0 0 AXEL STEUER 50.00 X 195200 0 23408 ELIZABETH TOBIN 50.00 X 161953 0 22132 PHIL HOOD 50.00 X 38384 0 7508 FRANK WILLIAMS 50.00 X 130968 0 19076 STEPHANIE CHIPMAN 50.00 X 112340 0 12205 MALINDA CARLSON 50.00 X 105416 0 12349 ALLEN MAYS 50.00 X 100053 0 21893 844314 0 118571 6 0 1 0 CHARTWELLS DINING SERVICE 91337 COLLECTIONS DRIVE CHICAGO IL 60693 FOOD SERVICE 1810729 HYMES CONSTRUCTION 108 EDLEN LANE JACKSONVILLE IL 62650 CONSTRUCTION 1087916 RIVER CITY CONSTRUCTION LLC 101 HOFFER LANE EAST PEORIA IL 61611 CONSTRUCTION 777582 JOHNSON CONTROLS INC 3850 N MAIN STREET EAST PEORIA IL 61611 HVAC SERVICE 236678 PRODUCTION PRESS INC 307 EAST MORGAN JACKSONVILLE IL 62651 PRINTING/PAPER SUPPLY 228070 17 663542 1974309 44145 2637851 TUITION & FEES 900099 21616632 21616632 AUXILIARY REVENUE 900099 5999211 5999211 27615843 5378885 5378885 168099 176327 -8228 -8228 -8228 19218098 2500 20376679 175341 -1158581 -172841 -1331422 -1158581 -172841 OTHER INVESTMENT INCOM 900099 399758 399758 COMMISSIONS/CONTRACT C 900099 164336 164336 MISC STUDENT FINES 900099 27221 27221 65895 55195 10700 657210 34950139 32482657 2472 -172841 11466204 11466204 926606 343997 430500 152109 11004800 9914626 705370 384804 649402 558356 61823 29223 1683804 1447735 160298 75771 809769 696239 77090 36440 70509 60624 6712 3173 81201 69817 7730 3654 210368 180874 20027 9467 1454853 1250883 138502 65468 136383 117262 12984 6137 1089527 936775 103723 49029 212087 182352 20191 9544 2379731 2046093 226550 107088 1114815 958518 106130 50167 163521 140596 15567 7358 3415461 2936613 325152 153696 561773 483012 53481 25280 AUXILIARY ENTERPRISES 1559183 1340586 148434 70163 OTHER EXPENSES 544811 468427 51867 24517 SMALL EQUIPMENT 419075 360321 39896 18858 ACCRETION 193809 166637 18451 8721 183951 158161 17512 8278 40331643 36284708 2747990 1298945 5916714 5034291 2128707 183497 169085 207996 1705103 1666423 402763 402990 118617133 47736040 68578762 70881093 108953377 106683941 4494973 4289473 14762811 18620530 207112295 207970234 9081102 9117689 970889 1377104 18420000 17728392 2000000 2500000 1748462 1696538 32220453 32419723 X 82157192 82022093 46880895 47298727 45853755 46229691 174891842 175550511 207112295 207970234 X -5381504 6040173 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124899205 981243 10286798 10126569 126040677 108629232 1899688 23263640 8893355 124899205 94865292 672997 19701921 6610978 231034 108629232 121011788 703512 -19268008 7582000 94865292 0.29020 0.36220 0.34760 0 0 92791949 29185343 63606606 7535263 3756024 3779239 18014534 14794673 3219861 275387 275387 70881093 ACCRUED INTEREST RECEIVABLE 715097 DEFERRED UNDERWRITING CHARGES, NET 226555 REAL ESTATE 16112324 OTHER ASSETS 50354 BENEFICIAL INTERESTS IN NONPERPETUAL TRUSTS 1516200 18620530 ADVANCES FROM US GOVT 1696538 1696538 34950139 40331643 -5381504 5813432 226741 6040173 658669 42498061 5813432 1734490 7547922 34950139 0 34950139 41839392 1507749 1507749 40331643 0 40331643 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE HAS THE FOLLOWING DONOR RESTRICTED ENDOWMENT FUNDS: GENERAL INSTITUTIONAL SUPPORT, SCHOLARSHIP SUPPORT, EDUCATIONAL PROGRAM SUPPORT, ACADEMIC AWARD SUPPORT, BUILDING AND MAINTENANCE SUPPORT AND LOAN FUND SUPPORT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING COMBINED BALANCE SHEETS ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF MAY 31, 2012 AND 2011, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 226,741. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF INVESTMENTS 1,331,422. RENTAL EXPENSES 176,327. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 226,741. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF INVESTMENTS 1,331,422. RENTAL EXPENSES 176,327. 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 THE NONDISCRIMINATION POLICY IS INCLUDED IN ALL STUDENT RECRUITMENT CAMPAIGNS. THIS POLICY IS ALSO INCLUDED IN THE EMPLOYEE & STUDENT HANDBOOKS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 ILLINOIS COLLEGE RECEIVES FEDERAL AND STATE AID THAT IS PASSED THROUGH TO STUDENTS. THE COLLEGE PARTICIPATES IN THE TITLE IV FEDERAL STUDENT AID PROGRAM. THESE PROGRAMS INCLUDE PELL GRANT AND FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITIES GRANT. 1 STUDENT SCHOLARSHIPS 950 11466204 BOOK X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 AXEL STEUER 192044 0 0 0 3156 0 13800 0 9608 0 218608 0 0 0 ELIZABETH TOBIN 143983 0 0 0 17970 0 10833 0 11299 0 184085 0 0 0 FRANK WILLIAMS 130374 0 0 0 594 0 9468 0 9608 0 150044 0 0 0 ILLINOIS FINANCING AUTHORITY 861091967 452000KS6 2005-01-13 15000000 CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 ILLINOIS FINANCING AUTHORITY 861091967 2010-12-23 3900000 ENERGY PROJECT 0 0 0 500000 15000000 228875 14771125 2006 0 0 1 1 191608 3900000 161522 71343 3828657 2011 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 0 0 0 0 0 1 JOY FRENCH BECKER TRUSTEE PRESIDENT OF A BANK THAT THE COLLEGE USES. NO PAYMENTS TO EITHER PARTY. 0 EMILY OSBURN FAMILY MEMBER OF ROBERT THOMPSON, TRUSTEE 75533 DIRECTOR OF BANK THAT THE COLLEGE USES; INTEREST PAYMENTS TO BANK 0 JAMES BRUNER TRUSTEE 40000 OWNER OF 50% OF UNITED CONTRACTORS MIDWEST WHICH OWNS ILLINOIS VALLEY PAVING; USED IVP TO PAVE COLLEGE PARKING LOTS 0 HARMON DEAL TRUSTEE 75533 DIRECTOR OF BANK THAT THE COLLEGE USES; INTEREST PAYMENTS TO BANK 0 X 1 8000 FMV X 239 COST X 7 29487 FMV X PROFESSIONAL SERVICES 2 1810 FMV X MEALS & ENTERTAINMENT 2 801 COST X OFFICE SUPPLIES 3 3808 COST 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 STEPHANIE CHIPMAN- OFFICER IS DAUGHTER-IN-LAW TO ROBERT CHIPMAN- TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES HAVE DIRECTED THE AUDIT SUBCOMMITTEE TO REVIEW THE ANNUAL 990. THE AUDIT SUBCOMMITTEE HAS THE ACCOUNTING EXPERTISE TO UNDERSTAND AND EVALUATE THE 990. AFTER THE AUDIT SUBCOMMITEE REVIEWS THE 990 AND APPROVES IT, THE BOARD OF TRUSTEES ARE PROVIDED AN ELECTRONIC FORM AND A PAPER COPY UPON REQUEST OF THE FORM 990 FOR REVIEW. AFTER THE FORMS ARE MADE AVAILABLE TO THE BOARD OF TRUSTEES, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD OF TRUSTEES COMPLETE A DISCLOSURE FORM. THIS IS DUE ON THE FIRST DAY OF THE FISCAL YEAR JUNE 1ST. THE PRESIDENT'S OFFICE COLLECTS THE FORMS. THESE FORMS ARE PROVIDED TO THE BOARD CHAIRPERSON AND REVIEWED FOR ANY CONFLICTS OF INTEREST. THE COLLEGE HAS A HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY. THIS IS PROVIDED TO ALL FACULTY, STAFF AND STUDENTS. MANAGEMENT MONITORS AND ENFORCES THIS POLICY BY OBSERVATION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE USES SEVERAL FACTORS TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE COLLEGE USES AN INDEPENDENT SEARCH FIRM FOR THE SELECTION OF PRESIDENT OF THE COLLEGE ALONG WITH A SEARCH COMMITTEE SELECTED BY THE BOARD OF TRUSTEES. THE OFFICERS OF THE COLLEGE CONSIST OF THE PRESIDENT AND VICE PRESIDENT CABINET MEMBERS. THE TRUSTEES OF THE COLLEGE DETERMINE THE PRESIDENT'S SALARY. THE PRESIDENT OF THE COLLEGE DETERMINES THE SALARY OF ALL VICE PRESIDENTS. THE COLLEGE USES SALARY SURVEYS, COMPARABLE DATA FROM OUR PEER INSTITUTIONS AND YEARS OF EXPERIENCE WHEN DETERMINING COMPENSATION RANGES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE PROVIDES A HANDBOOK TO ALL FACULTY, STAFF AND STUDENTS. THE HANDBOOK CONTAINS THE CONFLICT OF INTEREST POLICY. THE COLLEGE PROVIDES A COPY OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 5,813,432. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 226,741. TOTAL TO FORM 990, PART XI, LINE 5: 6,040,173.