2024-06-13T10:44:36+00:00 2023-08-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-09-01 366112087 Columbia College Chicago COLU 3123697162 600 South Michigan Ave Chicago IL 60605 PATRICIA BERGESON VP, LEGAL AFFAIRS & GENERAL COUNSEL 2024-06-13 true JERRY TARRER 999009999 Nicole Bencik P00756195 3128997000 2022 2023-04-26 12:10:37Z Dr Kwang-Wu Kim 600 South Michigan Ave Chicago IL 60605 316308222 false X www.colum.edu X 1890 IL THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA. 25 24 2870 96 47955 38559 16737588 10444397 207970599 219577126 6125438 8624234 629294 524812 231462919 239170569 70504565 78381572 0 0 101545676 101166336 5469 71031 2037442 89225104 87532199 261280814 267151138 -29817895 -27980569 575612110 525230384 240731671 204937878 334880439 320292506 THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA. false false 192310665 78381572 189641072 COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 120 ACADEMIC PROGRAMS AND OVER 6,500 STUDENTS. COLUMBIA COLLEGE CHICAGO AWARDS UNDERGRADUATE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF MUSIC AND BACHELOR OF SCIENCE DEGREES, ALONG WITH GRADUATE MASTER OF ARTS, MASTERS OF ARTS MANAGEMENT, AND MASTERS OF FINE ART DEGREES. THE COLLEGE IS ONE OF THE LARGEST AND MOST DIVERSE PRIVATE ARTS AND MEDIA COLLEGES IN THE NATION. THE COLLEGE'S INTENT IS TO EDUCATE STUDENTS WHO WILL COMMUNICATE CREATIVELY, SHAPING PUBLIC PERCEPTIONS OF ISSUES AND EVENTS AND AUTHORING THE CULTURE OF THEIR TIMES. THE COLLEGE HAD 6,344 STUDENTS ENROLLED IN ITS UNDERGRADUATE PROGRAMS AND 185 STUDENTS ENROLLED IN ITS GRADUATE PROGRAMS. THE UNDERGRADUATE PROGRAMS ARE OFFERED IN THREE SCHOOLS WITHIN THE COLLEGE: THE SCHOOL OF FINE AND PERFORMING ARTS; THE SCHOOL OF LIBERAL ARTS & SCIENCES; AND THE SCHOOL OF MEDIA ARTS. COLUMBIA COLLEGE CHICAGO CONSISTS OF THREE SCHOOLS: FINE AND PERFORMING ARTS, LIBERAL ARTS AND SCIENCES AND MEDIA ARTS. IN FALL 2023, THE SCHOOL OF FINE AND PERFORMING ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 3,280 AND A GRADUATE ENROLLMENT OF 86. THE SCHOOL OF LIBERAL ARTS AND SCIENCES HAD AN UNDERGRADUATE ENROLLMENT OF 331 AND A GRADUATE ENROLLMENT OF 29. THE SCHOOL OF MEDIA ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 2,565 AND A GRADUATE ENROLLMENT OF 70. THERE WERE 168 STUDENTS WHO DID NOT HAVE AN OFFICIAL DEPARTMENT. IN THE 2022-2023 ACADEMIC YEAR, THE COLLEGE GRANTED 1,405 DEGREES. THE SCHOOL OF FINE AND PERFORMING ARTS GRANTED 682 DEGREES (637 WERE UNDERGRADUATE), THE SCHOOL OF LIBERAL ARTS AND SCIENCES GRANTED 119 DEGREES (90 WERE UNDERGRADUATE), AND THE SCHOOL OF MEDIA ARTS GRANTED 604 DEGREES (576 WERE UNDERGRADUATE). THERE ARE 17 DEPARTMENTS WITH UNDERGRADUATE PROGRAMS, AND 9 DEPARTMENTS WITH GRADUATE PROGRAMS. 29767746 30421002 COLUMBIA COLLEGE CHICAGO PROVIDES HOUSING, FOOD SERVICE AND RESIDENCE LIFE PROGRAMS TO ITS STUDENTS. THE COLLEGE HAS OVER 2,000 BEDS AVAILABLE TO ITS STUDENTS IN FIVE DIFFERENT RESIDENCE CENTERS ON ITS CAMPUS. 222078411 true true false false false false true false true true true false true true true true false true false true false false true true false false true true true true false false false false false false true false false false true true false false false false false false false true 9013 0 true 2870 true true true false false false false true true false false false false false false X 25 24 true false false false false false false true true false false true true true true true true true false false CA X X Matthew Jaehrling 3123697162 600 SOUTH MICHIGAN AVE Chicago IL 60605 BARRY M SABLOFF SECRETARY 1.0 0.0 X X 0 0 0 HUGH C WILLIAMS VICE CHAIR 1.0 0.0 X X 0 0 0 KWANG-WU KIM PRESIDENT AND CEO, TRUSTEE, EX-OFFICIO 40.0 0.0 X X 917705 0 309733 ROBERT J BUFORD Vice Chair - Partial Year / TRUSTEE - Partial Year 1.0 0.0 X X 0 0 0 WILLIAM WOLF TRUSTEE - Partial year 1.0 0.0 X X 0 0 0 ALLISON GRANT WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 ANDREAS WALDBURG-WOLFEGG TRUSTEE 1.0 0.0 X 0 0 0 ARLEN RUBIN TRUSTEE 1.0 0.0 X 0 0 0 AVERILL LEVITON TRUSTEE 1.0 0.0 X 0 0 0 CAYLA WEISBERG TRUSTEE 1.0 0.0 X 0 0 0 Federick C Lowinger Trustee - Partial Year 1.0 0.0 X 0 0 0 H John Gilbertson JR Trustee - Partial Year 1.0 0.0 X 0 0 0 IMAD I QASIM TRUSTEE 1.0 0.0 X 0 0 0 JAMES E KOPPS JR TRUSTEE 1.0 0.0 X 0 0 0 Jay Leib Trustee - Partial Year 1.0 0.0 X 0 0 0 JEFF KINNEY TRUSTEE, EX-OFFICIO 1.0 0.0 X 0 0 0 JOHN MCLAIN HOLMES CHAIRMAN OF THE BOARD 1.0 0.0 X 0 0 0 JOHN R GEHRON TRUSTEE 1.0 0.0 X 0 0 0 Judith Gold Trustee - Partial Year 1.0 0.0 X 0 0 0 LEN AMATO TRUSTEE 1.0 0.0 X 0 0 0 LUIS DE LA PARRA TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL GOI TRUSTEE 1.0 0.0 X 0 0 0 PAUL BROUCEK TRUSTEE 1.0 0.0 X 0 0 0 PAUL GARNES TRUSTEE 1.0 0.0 X 0 0 0 PHIL ALPHONSE TRUSTEE 1.0 0.0 X 0 0 0 RICHARD POULTON TRUSTEE 1.0 0.0 X 0 0 0 ROBERT A WISLOW TRUSTEE 1.0 0.0 X 0 0 0 Sharon Dalenberg Secretary - Partial Year 1.0 0.0 X 0 0 0 SONA WANG TRUSTEE 1.0 0.0 X 0 0 0 STACI R COLLINS JACKSON TRUSTEE 1.0 0.0 X 0 0 0 SUSAN V DOWNING TRUSTEE 1.0 0.0 X 0 0 0 Terry Diamond Trustee - Partial Year 1.0 0.0 X 0 0 0 JERRY TARRER SENIOR VP OF BUSINESS AFFAIRS & CFO 40.0 0.0 X 287926 0 47753 MARCELLA DAVID SENIOR VP AND PROVOST 40.0 0.0 X 299758 0 39825 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 40.0 0.0 X 241141 0 37102 ANN KALAYIL AVP FACILITIES/CONSTRUCTION 40.0 0.0 X 224426 0 34536 ERIC FREEDMAN DEAN OF SCHOOL OF MEDIA ARTS 40.0 0.0 X 213611 0 43614 MICHAEL JOSEPH VP OF ENROLLMENT MANAGEMENT 40.0 0.0 X 275426 0 61341 ROSITA SANDS DEPARTMENT CHAIR, DEAN OF SCHOOL OF FINE AND PERFORMING ARTS 40.0 0.0 X 210943 0 33468 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 40.0 0.0 X 229981 0 44826 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 40.0 0.0 X 199126 0 58649 KATHIE KOCH AVP AND CHIEF INFORMATION OFFICER 40.0 0.0 X 262527 0 46931 LAURENT PERNOT CHIEF OF STAFF 40.0 0.0 X 216993 0 46771 SHAWN WAX VP OF DEVELOPMENT AND ALUMNI RELATIONS - PARTIAL YEAR 40.0 0.0 X 216709 0 31195 SUZANNE MCBRIDE DEAN OF GRADUATE STUDIES 40.0 0.0 X 193655 0 49361 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 40.0 0.0 X 222777 0 54871 4212704 0 939976 123 false true false PEPPER CONSTRUCTION COMPANY 411 LAKE ZURICH ROAD BARRINGTON IL 60010 GENERAL CONTRACTOR 3792147 Universal Protection Service LLC 161 Washington Street Suite 600 Eight Tower Bridge Conshohocken PA 19428 Security Services 3270644 HARVARD MAINTENANCE INC 59 Maiden Lane FL 17 NEW YORK NY 10038 MAINTENANCE AND CLEANING 2577655 BERGLUND CONSTRUCTION COMPANY 8410 SOUTH CHICAGO AVENUE CHICAGO IL 60617 GENERAL CONTRACTOR 1319503 CareATC 4500 S 129th East Avenue Suite 191 Tulsa OK 741345891 On-site healthcare services 898315 31 0 0 956445 0 7481385 2006567 552994 10444397 TUITION AND FEES 611600 189156124 189156124 RESIDENCE CENTERS 611600 30421002 30421002 0 0 0 0 219577126 3672378 47955 3624423 13103 13103 110953 0 110953 0 110953 110953 81740426 76788570 4951856 0 4951856 4951856 128645 956445 254187 -125542 -125542 0 0 98441 94896 3545 3545 PERFORMANCE FEES AND BOOK SALES 611600 46001 46001 MUSEUM PUBLICATIONS 611600 85118 85118 VENDING COMMISSIONS 611600 37805 37805 353829 353829 0 0 522753 239170569 220062074 47955 8616143 10750 10750 78370822 78370822 3810888 1679921 1871739 259228 73552828 58497668 14193276 861884 4086558 3346545 716397 23616 14350361 11315708 2858439 176214 5365701 4191707 1100009 73985 480131 15510 464621 295249 295249 71031 71031 1951785 1951785 13576852 11913170 1639667 24015 2159635 1226522 932385 728 4268089 3758696 509393 6274437 2366721 3765694 142022 12844 7991 4853 36170996 31847797 4209514 113685 1377725 1083582 248638 45505 2049275 1306274 693984 49017 3516179 5364 3510815 14251927 11133663 2921752 196512 1147075 1147075 0 0 0 0 267151138 222078411 43035285 2037442 5500 5500 15907739 6768607 2401471 1922435 1945773 2113355 0 0 0 0 0 0 3847748 3065536 439473449 232339993 209623770 207133456 77035877 55990925 159955126 165007740 0 0 104889106 83222830 575612110 525230384 23151173 22338089 0 0 32107673 21645972 71353774 69393405 0 0 0 0 6086258 5780654 0 0 108032793 85779758 240731671 204937878 X 316988974 301067227 17891465 19225279 0 0 0 0 0 0 334880439 320292506 575612110 525230384 X -27980569 13842560 42436 0 0 -492360 X false true X true true true X 7972266 12373546 17238794 16737588 10486833 64809027 0 0 7972266 12373546 17238794 16737588 10486833 64809027 385921 64423106 5302386 3959766 2592263 3156935 3796434 18807784 16672 16672 243666 171287 120219 195400 264891 995463 84628946 1036135127 0.7612 0.7378 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INVENTORY INCOME, COLUMN A - 60491.0, COLUMN B - 40097.0, COLUMN C - 19621.0, COLUMN D - 64704.0, COLUMN E - 98441.0, COLUMN F - 283354.0; DESCRIPTION - GROSS FUNDRAISING INCOME, COLUMN A - 86319.0, COLUMN B - 30310.0, COLUMN C - 94000.0, COLUMN D - 100271.0, COLUMN E - 128645.0, COLUMN F - 439545.0; DESCRIPTION - OTHER INCOME, COLUMN A - 96856.0, COLUMN B - 100880.0, COLUMN C - 6598.0, COLUMN D - 30425.0, COLUMN E - 37805.0, COLUMN F - 272564.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152760 19373259 X X X X true 192071841 793522 19892607 538432 10377000 201842538 235614524 -150891 -33779532 409536 9202724 192071841 201677414 564039 42790089 333749 9083269 0 235614524 190972645 139082 19049789 331047 8153055 0 201677414 196912601 692133 1791231 298767 8124553 0 190972645 0.9368 0.0432 0.02 false false 21898620 21898620 346389525 191091523 155298002 34688028 28525542 6162486 36497276 12722928 23774348 207133456 Other Equity Investments 88390494 F Alternative Investments 76617246 F 165007740 Net pension funding Right of use assets - operating, net of amortization 83222830 83222830 Deferred Compensation Payable 41667 Lease Obligation - Operating 85263160 Lease Obligation - Finance 474931 85779758 X 175575344 13842560 42436 0 0 13884996 161690348 1951785 75528436 77480221 239170569 190163277 349083 349083 189814194 1951785 75385159 77336944 267151138 Schedule D, Part III, Line 4 Collections of art - description of collections THE MUSEUM OF CONTEMPORARY PHOTOGRAPHY (MOCP) AIMS TO PROMOTE A GREATER UNDERSTANDING AND APPRECIATION OF ARTISTIC, CULTURAL AND POLITICAL IMPLICATION OF THE PHOTOGRAPHIC IMAGES IN OUR WORLD TODAY AS WELL AS PRESERVE ARTIFACTS OF HISTORICAL AND CULTURAL SIGNIFICANCE. THE COLLEGE ALSO MAINTAINS A COLLECTION OF FASHION DESIGNS, PAINTINGS, DRAWINGS, AND OTHER FORMS OF ARTISTIC EXPRESSION TO PRESERVE THESE PIECES FOR THEIR HISTORICAL SIGNIFICANCE AND TO USE FOR SCHOLARLY RESEARCH AND PEDANTIC PURPOSES. Schedule D, Part V, Line 4 Intended uses of endowment funds PROVIDE FUNDING FOR SCHOLARSHIPS AND EDUCATIONAL PROGRAMS OR OTHER APPROPRIATE PURPOSES PER DONOR RESTRICTIONS AND REQUIREMENTS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College has received a determination letter from the Internal Revenue Service (IRS) indicating that it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code of 1986 and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements, as the College has had no significant unrelated business income. In accordance with U.S. generally accepted accounting principles (GAAP), the College recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Based upon this practice the College, as of August 31, 2023 and 2022, believes it has no significant uncertain tax positions. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships - 77737530 Gain on recognition of change of pension status - -1860011 Fundraising direct expenses - -254187 Cost of good sold - -94896 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising direct expenses - 254187 Cost of good sold - 94896 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships - 77737530 Net periodic pension cost - -2352371 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY Included in all recruitment materials Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Columbia College Chicago receives support from the U.S. Department of Education, National Endowment for the Arts, Illinois State Board of Education and the Illinois Arts Council. Central America and the Caribbean 0 0 Investments 71340946 Central America and the Caribbean 0 0 Program Services RECRUITING & CONFERENCES 1559 Europe (Including Iceland and Greenland) 0 0 Program Services SEMESTER STUDY ABROAD, RECRUITING, CONFERENCES 193505 Middle East and North Africa 0 0 Program Services RECRUITING 3549 North America (Canada & Mexico only) 0 0 Program Services RECRUiTING, CONFERENCES 17629 South America 0 0 Program Services RECRUITING, STUDY ABROAD 32973 South Asia 0 0 Program Services RECRUITING 5261 Sub-Saharan Africa 0 0 Program Services RECRUITING 1905 East Asia and the Pacific 0 0 Program Services RECRUITING 2507 0 0 0 0 0 0 71599834 0 71599834 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X X true Patricia Hurley and Associates Inc 70 West Madison Street Suite 200 Chicago IL 60602 FUNDRAISER CONSULTANT false 769790 71304 698486 769790 71304 698486 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SUMMER GALA 315300 226675 88625 0 0 2985 16930 1800 7909 WINTER GALA 769790 729770 40020 0 0 19572 86993 0 117998 0 1085090 956445 128645 0 0 22557 103923 1800 125907 254187 -125542 Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses PATRICIA HURLEY AND ASSOCIATES, INC.-REIMBURSABLE EXPENSES WERE BILLED SEPARATELY, AND THE CONTRACT INCLUDED A FLAT FEE FOR FUNDRAISER SERVICES.; true Filter Photo NFP 1821 West Hubbard Suite 207 Chicago IL 60622 462070232 501C-3 5750 Festival Sponsorship Grant Park Orchestral Association 205 East Randolph Chicago IL 60601 320005884 501C-3 5000 Festival contribution 2 0 INSTITUTIONAL SCHOLARSHIP 6228 77737530 TUITION WAIVERS 40 633292 Schedule I, Part III, Column (b) ESTIMATED NUMBER OF RECIPIENTS INSTITUTIONAL SCHOLARSHIP : THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES DETERMINES A STUDENT'S FINANCIAL NEED, AN INTERNAL COMMITTEE ANALYZES THE NEEDS OF ALL STUDENTS, AND BASED ON THE COMMITTEE'S ANALYSIS AID IS AWARDED AS NEEDED AND POSTED TO THE STUDENT'S ACCOUNT. Schedule I, Part III, Column (b) ESTIMATED NUMBER OF RECIPIENTS TUITION WAIVERS : THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES DETERMINES A STUDENT'S FINANCIAL NEED, AN INTERNAL COMMITTEE ANALYZES THE NEEDS OF ALL STUDENTS, AND BASED ON THE COMMITTEE'S ANALYSIS AID IS AWARDED AS NEEDED AND POSTED TO THE STUDENT'S ACCOUNT. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES DETERMINES A STUDENT'S FINANCIAL NEED, AN INTERNAL COMMITTEE ANALYZES THE NEEDS OF ALL STUDENTS, AND BASED ON THE COMMITTEE'S ANALYSIS AID IS AWARDED AS NEEDED AND POSTED TO THE STUDENT'S ACCOUNT. GRANTS AND ASSISTANCE TO OTHER ORGANIZATIONS ARE DETERMINED BY THE DEPARTMENTS TO TAKE ADVANTAGE OF THE OPPORTUNITY TO COLLABORATE WITH LEADING ARTS COMMUNITY PARTNERS AND TO PROVIDE EXPOSURE AND INTERNSHIPS TO COLUMBIA COLLEGE CHICAGO STUDENTS. THERE ARE ASSOCIATED PERFORMANCE METRICS OR BENEFITS FOR THE SPONSORSHIPS. X X true true X X false true false false false false false true false KWANG-WU KIM PRESIDENT AND CEO, TRUSTEE, EX-OFFICIO 609018 0 55000 0 253687 0 185414 0 124319 0 1227438 0 125000 0 JERRY TARRER SENIOR VP OF BUSINESS AFFAIRS & CFO 286848 0 0 0 1078 0 19807 0 27946 0 335679 0 0 0 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL 233250 0 4710 0 3181 0 26277 0 10825 0 278243 0 0 0 MARCELLA DAVID SENIOR VP AND PROVOST 297671 0 0 0 2087 0 30281 0 9544 0 339583 0 0 0 MICHAEL JOSEPH VP OF ENROLLMENT MANAGEMENT 270089 0 0 0 5337 0 29670 0 31671 0 336767 0 0 0 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 223176 0 4500 0 2305 0 24994 0 19832 0 274807 0 0 0 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 163988 0 33450 0 1688 0 22505 0 36144 0 257775 0 0 0 ERIC FREEDMAN DEAN OF SCHOOL OF MEDIA ARTS 177378 0 33600 0 2633 0 21778 0 21836 0 257225 0 0 0 ROSITA SANDS DEPARTMENT CHAIR, DEAN OF SCHOOL OF FINE AND PERFORMING ARTS 167336 0 41875 0 1732 0 22746 0 10722 0 244411 0 0 0 ANN KALAYIL AVP FACILITIES/CONSTRUCTION 217767 0 4400 0 2259 0 22770 0 11766 0 258962 0 0 0 SHAWN WAX VP OF DEVELOPMENT AND ALUMNI RELATIONS - PARTIAL YEAR 157182 0 5000 0 54527 0 14964 0 16231 0 247904 0 0 0 KATHIE KOCH AVP AND CHIEF INFORMATION OFFICER 255769 0 5000 0 1758 0 26509 0 20422 0 309458 0 0 0 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS 216508 0 4400 0 1869 0 22942 0 31929 0 277648 0 0 0 LAURENT PERNOT CHIEF OF STAFF 216204 0 0 0 789 0 15113 0 31658 0 263764 0 0 0 SUZANNE MCBRIDE DEAN OF GRADUATE STUDIES 159854 0 32750 0 1051 0 21722 0 27639 0 243016 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use PERSONAL USE OF HOUSING IS GENERALLY BASED ON THE PROVISIONS OF THE PRESIDENT'S EMPLOYMENT AGREEMENT WITH THE COLLEGE. THE VALUE OF THE HOUSING PROVIDED IS NOT TAXABLE TO THE EXTENT IT IS A CONDITION OF EMPLOYMENT AND NECESSARY TO CARRY ON HIS DUTIES. Schedule J, Part I, Line 1a Health or social club dues or initiation fees SOCIAL CLUB DUES OR INITIATION FEES ARE GENERALLY PROVIDED BASED ON THE PROVISIONS OF THE PRESIDENT'S EMPLOYMENT AGREEMENT WITH THE COLLEGE. THE COLLEGE CONSIDERS THIS TO BE A BUSINESS EXPENSE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan KWANG-WU KIM PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE PLAN MADE DISTRIBUTIONS OF $250,000 DURING CALENDAR YEAR 2022. THIS AMOUNT IS INCLUDED IN SCHEDULE J PART II COLUMN (B)(III). DURING THE ACADEMIC YEAR 2022-2023, $250,000 WAS ACCRUED INTO THIS NONQUALIFIED PLAN. $125,000 OF THIS AMOUNT WAS ACCRUED DURING CALENDAR YEAR 2022 AND IS INCLUDED IN SCHEDULE J PART II COLUMN (C). Schedule J, Part I, Line 7 Non-fixed payments Non-contractual bonus payments were made for COVID related work. A Illinois Finance Authority 861091967 45203H5Q1 2015-10-15 52985952 Refunding of 2003, 2007 and 2011 issues false false false B Illinois Finance Authority 861091967 45204E4S4 2019-11-20 20378049 PARTIAL REIMBURSEMENT OF NEW BUILDING CONSTRUCTION. false false false A 1845000 0 52985952 0 0 0 667246 0 0 0 52318706 0 2015 true true true true B 0 0 20378049 0 0 0 378049 0 0 20000000 0 0 2019 false false true true A false false true true false 0.0 0.0 0.0 false false true true B false false true true false 0.0 0.0 0.0 false false true A false false false true false false false false true B false true false false false false false false true A true B true Schedule K, Part I, Column (c) CUSIP for issuance 11/20/2019 The CUSIP's for this issuance are 45204E4N5; 45204E4P0; 45204E4Q8; 45204E4R6; 45204E4S4 Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 11/24/2020 22723 TUITION REMISSION TUITION REMISSION Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS AS PER IRS INSTRUCTIONS FOR 990 SCHEDULE L, SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. COLUMNS (A) AND (B) SHOULD BE LEFT BLANK FOR THESE LINES. X 105 257910 Opinions of experts X 1833 Market value X 9 279036 Market value X EQUIPMENT (MOVIE PROPS, FABRIC, AV EQUIPMENT) 198 14215 Market value 4 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE COLLEGE HAS A CONSIGNMENT AGREEMENT WITH A GALLERY FOR THE SALE OF DONATED ART Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - APPRAISALS THE NUMBER OF ITEMS. Securities - Publicly traded - NUMBER OF DONORS Other - EQUIPMENT (MOVIE PROPS, FABRIC, AV EQUIPMENT) NUMBER OF ITEMS. Books and publications - NUMBER OF ITEMS Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES THE PRESIDENT/CEO HAS THE AUTHORITY TO HIRE AND SET INITIAL AND ONGOING COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD IS MADE AWARE OF SALARIES, BONUSES AND BENEFITS ON AN ANNUAL BASIS. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of the Chair, Vice Chairs, Secretary, Treasurer and the Chairs of the standing committees. When the Board is not in session, the Executive Committee shall, except as otherwise provided by law, the Bylaws, or expressly by the Board of Trustees, have the authority to act for the Board on all matters except for the following, which shall be reserved for the board: Presidential selection and termination; Trustee and Board officer selection; changes in institutional mission and purposes; adoption, amendments to or repeal of the Articles of Incorporation or Bylaws; incurring corporate indebtedness; adoption of a plan for the distribution or sale of all or substantially all of the College assets or tangible property; adoption of the annual budget; and determination of the existence of an Adverse Circumstance pursuant to the College's Statement of Policy on Academic Freedom, Faculty Status, Tenure and Due Process. The Committee shall also oversee the management and development of the College's physical plant to ensure alignment with the College's mission and strategic plans. The Committee shall meet as often as necessary to conduct its business, as the Chair shall determine. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons WILLIAM WOLF & TERRY DIAMOND - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body INTERNAL MANAGEMENT WILL REVIEW THE FORM 990 WITH THE PAID TAX PREPARER. THE 990 WILL THEN BE SUBMITTED TO THE ORGANIZATION'S GENERAL COUNSEL FOR REVIEW. THE FORM IS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AS WELL AS THE BOARD OF TRUSTEES FOR REVIEW AND COMMENTS BEFORE IT IS FILED WITH THE IRS. THE BOARD WILL BE GIVEN A DEADLINE TO SUBMIT QUESTIONS AND COMMENTS. Form 990, Part VI, Line 12c Conflict of interest policy PURSUANT TO POLICY, DIRECTORS, OFFICERS, AND TRUSTEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. CONFLICTS MUST BE DISCLOSED, AND ACKNOWLEDGEMENT MADE OF THE DUTY TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. DISCLOSURES ARE ALSO SUBMITTED BY STAFF. DURING THE YEAR, THE BOARD OF TRUSTEES COMPLETED AND SUBMITTED CONFLICT OF INTEREST FORMS. REPORTED CONFLICTS ARE SUBMITTED TO THE AUDIT COMMITTEE FOR EVALUATION. CONFLICTED BOARD MEMBERS ARE PROHIBITED FROM VOTING ON AND PARTICIPATING IN DISCUSSION OF CONFLICTED TRANSACTIONS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PRESIDENTIAL EVALUATION COMMITTEE OF THE BOARD OF TRUSTEES, USING VARIOUS DATA SOURCES INCLUDING COMPARATIVE DATA, CREATES A MULTI-YEAR EMPLOYMENT CONTRACT FOR THE PRESIDENT. THE AWARDED CONTRACT IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL AND IS RATIFIED BY THE BOARD OF TRUSTEES WHICH IS DOCUMENTED IN THE MINUTES. ANNUALLY, THE PRESIDENTIAL EVALUATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE BASE SALARY AND PERFORMANCE BONUS FOR THE PRESIDENT. THE COMMITTEE MET ON JUNE 7, 2023, AND BASED UPON THEIR RECOMMENDATION THE ANNUAL BASE SALARY WAS INCREASED, A PERFORMANCE BONUS WAS AWARDED, AND A MODIFICATION WAS MADE TO FUTURE DEFERRED COMPENSATION PAYMENTS. THIS WAS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND WAS SUBSEQUENTLY APPROVED. Form 990, Part VI, Line 19 Required documents available to the public AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST Form 990, Part VIII, Line 11d Other Miscellaneous Revenue COST RECOVERIES, NONPROFIT RENTALS, ADVERTISING - Total Revenue: 353829, Related or Exempt Function Revenue: 353829, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN PENSION COST - 1860011; NET PERIODIC PENSION COST - -2352371;