2026-02-17T14:07:14-06:00 2025-05-31 363168081 SIKICH LLC 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2024-06-01 370661211 ILLINOIS COLLEGE ILLI 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 KENT SILTMAN VP OF BUSINESS AFFAIRS & CFO 2172453003 2026-02-17 1 0 KURT N WALCUTT P00650229 2177933363 2026-02-17 2024 2025-03-06 01:10:19Z KENT SILTMAN 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 222994765 0 X WWW.IC.EDU X 1835 IL ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING IN THE LIBERAL ARTS. 24 24 773 15 60044 0 5084489 7475713 39670969 39699246 13684121 8289441 668149 1001125 59107728 56465525 20149105 19963296 0 0 22006225 22863989 116900 108300 2097607 22524864 22538714 64797094 65474299 -5689366 -9008774 215802956 206402063 43789631 41584043 172013325 164818020 ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER EDUCATION 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. 0 0 58828051 19963296 39960845 PROVISION OF POST-SECONDARY EDUCATION TO APPROXIMATELY 1,000 STUDENTS. 58828051 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 162 0 773 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KENT SILTMAN 2172453004 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 STEVEN R MILLS BOARD MEMBER & CHAIR 2.00 X X 0 0 0 SUSAN L PRATT BOARD MEMBER & VICE CHAIR 2.00 X X 0 0 0 JOAN M DEBOER BOARD MEMBER & SECRETARY 2.00 X X 0 0 0 SUSAN J ALLEN BOARD MEMBER 1.00 X 0 0 0 RYAN T BARKE BOARD MEMBER 1.00 X 0 0 0 MICHAEL D BAUERSACHS BOARD MEMBER 1.00 X 0 0 0 GERRY L BEARD BOARD MEMBER 1.00 X 0 0 0 TONI L BLANKMANN BOARD MEMBER 1.00 X 0 0 0 SCOTT BOSTON BOARD MEMBER 1.00 X 0 0 0 JOSEPH T CALMESE BOARD MEMBER 1.00 X 0 0 0 MICHAEL A FLETCHER BOARD MEMBER 1.00 X 0 0 0 LUIZ E GUIMARAES BOARD MEMBER 1.00 X 0 0 0 JOEL C HARMON BOARD MEMBER 1.00 X 0 0 0 JULIE B MACARTNEY BOARD MEMBER 1.00 X 0 0 0 PATRICK B MATHIS BOARD MEMBER 2.00 X 0 0 0 GREG C MAY BOARD MEMBER 1.00 X 0 0 0 JOANNA MARKER BOARD MEMBER 1.00 X 0 0 0 STEPHEN D OETGEN BOARD MEMBER 1.00 X 0 0 0 ELLEN F RAMMELKAMP MILLER BOARD MEMBER 1.00 X 0 0 0 WINSTON ROGERS III BOARD MEMBER 2.00 X 0 0 0 HENRY A SCHMITT BOARD MEMBER 1.00 X 0 0 0 JAMES W SPRADLIN BOARD MEMBER 2.00 X 0 0 0 JEAN C STATLER BOARD MEMBER 2.00 X 0 0 0 GEORGE A ZELCS BOARD MEMBER 2.00 X 0 0 0 BARBARA FARLEY PRESIDENT 50.00 X 400588 0 49170 CATHARINE O'CONNELL PROVOST/DEAN OF COLLEGE 50.00 X 213720 0 45196 STEPHANIE CHIPMAN VP OF EXTERNAL RELATIONS 50.00 X 175244 0 34269 KENT SILTMAN VP OF BUSINESS/CFO 50.00 X 168626 0 36328 MELISSA DYSON ASSOCIATE VP OF FINANCE & 50.00 X 114171 0 32120 LAUREN HAYS DIRECTOR OF HUMAN RESOURCE 50.00 X 102021 0 39645 EVAN WILSON ASSOCIATE VP OF ENROLLMENT 50.00 X 105705 0 31618 ANGELA BENTLEY DIRECTOR OF NURSING/ASSOCI 50.00 X 120378 0 6060 ELIZABETH ZETTLER PROFESSOR OF PSYCHOLOGY 50.00 X 100864 0 26658 1501317 0 301064 11 0 1 0 CHARTWELLS 91337 COLLECTIONS DRIVE CHICAGO IL 606931337 FOOD SERVICE 2602361 RUFFALO NOEL LEVITZ LLC 5249 N PARK PL NE 1061 CEDAR RAPIDS IA 524026210 ONLINE PROGRAM SERVICES 1489934 HYMES CONSTRUCTION INCORPORATED 108 EDLEN LANE JACKSONVILLE IL 62650 CONSTRUCTION 1149290 WEBER ELECTRIC INC 136 GREENWOOD AVENUE BLOOMINGTON IL 61704 CONSTRUCTION 745222 A BOOK COMPANY LLC 28312 NETWORK PLACE CHICAGO IL 606731283 TEXTBOOK SERVICE 648117 23 3907783 3567930 618535 7475713 TUITION AND FEES 900099 31960805 31960805 AUXILIARY REVENUE 900099 7738441 7678397 60044 39699246 2890875 2890875 171913919 166515353 5398566 5398566 5398566 20199 13887 6312 6312 OTHER INVESTMENT INCOME 900099 673170 673170 321643 321643 994813 56465525 39960845 60044 8968923 19963296 19963296 1139815 308057 617886 213872 16416345 14292070 1354348 769927 716463 623753 59108 33602 3368080 2932250 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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139556008 1164361 10026560 17727762 133019167 139414288 1111060 17040000 18009340 139556008 146550216 2686392 2919035 12741355 139414288 155486965 957322 -569307 9324764 146550216 126104821 796041 35405191 6819088 155486965 0.22509 0.48721 0.28769 0 0 465933 465933 115726473 63618851 52107622 9425486 7078405 2347081 27826273 24091830 3734443 191418 191418 58846497 ACCRUED INTEREST RECEIVABLE 215969 BENEFICIAL INTEREST NONPERPETUAL TRUST 339319 REAL ESTATE 25766837 OTHER ASSETS 522002 FINANCE LEASE RIGHT OF USE 550819 OTHER INVESTMENT ASSETS 2335802 MULTI-STRATEGY 1076927 30807675 ADVANCE FROM US GOVT PERKINS LOAN PROGRAM 174738 FINANCE LEASE 534509 709247 X 37496249 1813584 1813584 35682665 373336 20409524 20782860 56465525 44691554 0 44691554 373336 20409409 20782745 65474299 PART V, LINE 4: THE COLLEGE HAS THE FOLLOWING DONOR RESTRICTED ENDOWMENT FUNDS: GENERAL INSTITUTIONAL SUPPORT, SCHOLARSHIP SUPPORT, EDUCATIONAL PROGRAM SUPPORT, ACADEMIC AWARD SUPPORT, BUILDING AND MAINTENANCE SUPPORT AND LOAN FUND SUPPORT. PART X, LINE 2: THE COLLEGE HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE COLLEGE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. AS SUCH, THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE INTERNAL REVENUE CODE. THE COLLEGE FILES VARIOUS FEDERAL OR STATE NON-PROFIT TAX RETURNS. THE COLLEGE IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 19,963,296. CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 115. FUNDRAISING EXPENSES -13,887. RETIREMENT PROGRAM 460,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 19,963,296. FUNDRAISING EXPENSES -13,887. RETIREMENT PROGRAM 460,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS INCLUDED IN ALL STUDENT RECRUITMENT APPLICATION MATERIALS. THIS POLICY IS ALSO INCLUDED IN THE EMPLOYEE & STUDENT HANDBOOKS AND WEBSITE. 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 0 11084017 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 8 PROGRAM SERVICES RECRUITING, RESEARCH 67341 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 11 PROGRAM SERVICES STUDENT BREAKAWAY, RESEARCH 38222 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 1 PROGRAM SERVICES CONFERENCE 1263 SOUTH AMERICA 0 1 PROGRAM SERVICES RESEARCH 11872 NORTH AMERICA 0 1 PROGRAM SERVICES CONFERENCE 887 0 22 0 0 0 22 11203602 0 11203602 0 0 1 1 0 0 X X X X X X X 1 MCALLISTER & QUINN LLC 1368 N WASHINGTON AVENUE SCRANTON PA 18509 GRANT CONSULTING SERVICES 0 0 108300 0 108300 IL GOLF OUTING 20199 20199 7040 5598 1249 20199 20199 7040 5598 1249 13887 6312 1 STUDENT SCHOLARSHIPS 834 19963296 BOOK PART I, LINE 2: SCHOLARSHIPS AWARDED TO STUDENTS ARE AUTOMATICALLY CREDITED TO THEIR ACCOUNT WITH THE COLLEGE TO OFFSET TUITION AND OTHER SIMILAR COSTS. NO CASH IS AWARDED DIRECTLY TO THE STUDENTS. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 BARBARA FARLEY PRESIDENT 356436 0 0 0 44152 0 36000 0 13170 0 449758 0 0 0 CATHARINE O'CONNELL PROVOST/DEAN OF COLLEGE 194382 0 0 0 19338 0 20117 0 25079 0 258916 0 0 0 STEPHANIE CHIPMAN VP OF EXTERNAL RELATIONS 174405 0 0 0 839 0 12603 0 21666 0 209513 0 0 0 KENT SILTMAN VP OF BUSINESS/CFO 152708 0 0 0 15918 0 11203 0 25125 0 204954 0 0 0 PART I, LINE 1A THE COLLEGE'S PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND A RESIDENCE IS PROVIDED. THE PRESIDENT HAS A SOCIAL CLUB MEMBERSHIP AT JACKSONVILLE COUNTRY CLUB FOR BUSINESS PURPOSES. PART 1, QUESTION 4B THE COLLEGE HAS A 457(B) DEFERRED COMPENSATION PLAN THAT IS A NONQUALIFIED RETIREMENT PLAN FOR THE OFFICERS OF THE COLLEGE. A ILLINOIS FINANCING AUTHORITY 861091967 452000KS6 2005-01-13 15000000 CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 B PNC BANK 861091967 2010-12-23 3900000 ENERGY PROJECT 0 0 0 C ILLINOIS FINANCING AUTHORITY 861091967 2022-08-31 20000000 BUILDING RENOVATION 0 0 0 A 810000 15000000 228875 14771125 2006 0 0 1 1 B 327927 3900000 161522 71343 3828657 2011 0 0 1 1 C 710000 20000000 180125 219005 15686828 4274292 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 X 15 607810 FMV X OTHER NONCASH 33 10725 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES HAVE DIRECTED THE AUDIT WORKING GROUP OF THE FINANCE AND AUDIT COMMITTEE TO REVIEW THE ANNUAL 990. THE AUDIT WORKING GROUP HAS THE ACCOUNTING EXPERTISE TO UNDERSTAND AND EVALUATE THE 990. AFTER THE AUDIT WORKING GROUP REVIEWS AND APPROVES THE 990, THE BOARD OF TRUSTEES ARE PROVIDED AN ELECTRONIC FORM AND A PAPER COPY UPON REQUEST FOR REVIEW. AFTER THE FORMS ARE MADE AVAILABLE TO THE BOARD OF TRUSTEES, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY MEMBERS OF THE BOARD OF TRUSTEES COMPLETE A DISCLOSURE FORM. THE PRESIDENT'S OFFICE COLLECTS THE FORMS. THESE FORMS ARE PROVIDED TO THE BOARD CHAIRPERSON AND REVIEWED FOR ANY CONFLICTS OF INTEREST. THE COLLEGE HAS A HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY. THIS IS PROVIDED TO ALL FACULTY, STAFF, BOARD OF TRUSTEES AND STUDENTS. MANAGEMENT MONITORS AND ENFORCES THIS POLICY BY OBSERVATION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE USES SEVERAL FACTORS TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMLOYEES. THE COLLEGE USES AN INDEPENDENT SEARCH FIRM FOR THE SELECTION OF PRESIDENT OF THE COLLEGE, ALONG WITH A SEARCH COMMITTEE SELECTED BY THE BOARD OF TRUSTEES. THE 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 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST TRUSTS -115.