2024-12-13T09:03:13-06:00 2024-05-31 931743146 Eifel Rambo Advisory Group Ltd 20635 Abbey Woods Ct Suite 301 Frankfort IL 60423 990 2023-06-01 362252360 Associated Colleges of Illinois Inc ASSO 3122632391 70 E Lake Street 1418 Chicago IL 60601 April Arnold Executive Director 3122632391 2024-12-02 1 0 Matt Beckley CPA P00331163 7086282365 2023 2024-10-15 13:58:12Z April Arnold 70 E Lake Street 1418 Chicago IL 60601 1474988 0 X acifund.org X 1952 IL Associated Colleges of Illinois supports member colleges and universities. 50 50 5 50 0 0 671947 709011 572499 591404 18208 25735 1706 130252 1264360 1456402 530930 562324 0 0 455390 339784 0 0 216635 269251 334434 1255571 1236542 8789 219860 985907 1421439 230694 371358 755213 1050081 X Associated Colleges of Illinois has supported numerous independent colleges and universities with a liberal arts tradition in Illinois for more than 70 years benefitting thousands of underrepresented students through scholarships, emergency financial aid, mentoring, and other forms of college to career support. 0 0 616327 451524 677112 Grants and services to member colleges and universities 200544 110800 Peer Mentoring 816871 1 1 0 0 0 0 0 0 0 1 1 1 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 0 0 0 0 0 0 0 0 0 0 1 5 0 1 5 1 0 0 0 0 0 1 1 0 0 0 0 X 50 50 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Jennifer President 7734121384 70 E Lake Street Suite 1418 Chicago IL 60601 Georgia Nugent President 1.00 X X 0 0 0 Lyn Bullman Chair 1.00 X X 0 0 0 Angela T Allen Secretary/Treasurer 1.00 X X 0 0 0 Aaron J Kuecker Trustee 1.00 X 0 0 0 Andrea Talentino Trustee 1.00 X 0 0 0 Arvid Johnson Trustee 1.00 X 0 0 0 Barbara Farley Trustee 1.00 X 0 0 0 Becky Sherrick Trustee 1.00 X 0 0 0 Bob DiMeo Trustee 1.00 X 0 0 0 Bob Dow Trustee 1.00 X 0 0 0 Brad Summers Trustee 1.00 X 0 0 0 Brian McGee Trustee 1.00 X 0 0 0 Brian Powers Trustee 1.00 X 0 0 0 C Andrew McGadney Trustee 1.00 X 0 0 0 Chris Miceika Trustee 1.00 X 0 0 0 Clarence Wyatt Trustee 1.00 X 0 0 0 Daniel Dobbins Trustee 1.00 X 0 0 0 Dave Livingston Trustee 1.00 X 0 0 0 Don Campbell Deceased Trustee 1.00 X 0 0 0 Ellen Babbitt Trustee 1.00 X 0 0 0 Emily Bothfeld Trustee 1.00 X 0 0 0 Gene C Crume Trustee 1.00 X 0 0 0 Glena Temple Trustee 1.00 X 0 0 0 Gregg Chenoweth Trustee 1.00 X 0 0 0 Jamel SC Wright Trustee 1.00 X 0 0 0 Jim Applegate Trustee 1.00 X 0 0 0 Jim Reynolds Trustee 1.00 X 0 0 0 Kassie Olea Trustee 1.00 X 0 0 0 Kim Marshall Trustee 1.00 X 0 0 0 Leah Wallace Trustee 1.00 X 0 0 0 Leslie Sawyer Trustee 1.00 X 0 0 0 Liz Cook Trustee 1.00 X 0 0 0 Mary Surridge Trustee 1.00 X 0 0 0 Nic Simpson Trustee 1.00 X 0 0 0 Nicole Johnson Trustee 1.00 X 0 0 0 Patricia Mota Trustee 1.00 X 0 0 0 Pawel Szeliski Trustee 1.00 X 0 0 0 Phil G Ryken Trustee 1.00 X 0 0 0 Ray Krouse Trustee 1.00 X 0 0 0 Ruben Abarca Trustee 1.00 X 0 0 0 Tony LoBello Trustee 1.00 X 0 0 0 Toya Garcia-Bradow Trustee 1.00 X 0 0 0 Troy VanAken Trustee 1.00 X 0 0 0 Susana Rivera-Mills Trustee 1.00 X 0 0 0 Joseph Foy Trustee 1.00 X 0 0 0 Greg Meyer Trustee 1.00 X 0 0 0 Anita Thomas Trustee 1.00 X 0 0 0 Daniel Norton Trustee 1.00 X 0 0 0 Patricia Lynott Trustee 1.00 X 0 0 0 Debbie Osgood Trustee 1.00 X 0 0 0 April Arnold Executive Director 50.00 X 115333 0 4000 115333 0 4000 1 0 0 0 0 7852 701159 709011 Member assessments 611710 549990 549990 Corporate partnerships 611710 41414 41414 591404 19068 19068 14957 8290 6667 6667 6667 54840 7852 10296 44544 44544 Other 900099 85708 85708 85708 1456402 677112 0 70279 X 562324 562324 115333 36294 23074 55965 191947 49091 39655 103201 9429 6249 1523 1657 23075 15292 3728 4055 11041 5307 5020 714 3920 3920 208164 100054 94644 13466 11363 3708 2515 5140 32676 10286 6530 15860 4598 1553 1194 1851 10051 7283 2315 453 3006 946 601 1459 16084 3075 8267 4742 Membership dues & subsc 21634 14029 5659 1946 Miscellaneous 6169 2171 3998 Repairs & maintenance 5728 1380 2220 2128 1236542 816871 203036 216635 171692 373172 8279 108045 17500 7950 13181 13753 25053 14094 3016 10959 732319 819699 39920 87861 985907 1421439 39684 34198 151090 248210 39920 88950 230694 371358 X 241593 373496 513620 676585 755213 1050081 985907 1421439 219860 75008 0 X 0 0 0 X 680425 583868 633142 671947 753555 3322937 690647 629042 640189 620011 701159 3281048 19342 200 39875 59417 1390414 1213110 1313206 1291958 1454714 6663402 0 267966 255316 231254 754536 267966 255316 231254 754536 5908866 25482 6787 7939 18208 19068 77484 25482 6787 7939 18208 19068 77484 1415896 1219897 1321145 1310166 1473782 6740886 0.87660 0.82990 0.01150 0.01330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 502260 7114 99976 17774 591576 496532 8107 2379 502260 518183 -11281 10370 496532 417558 110603 9978 518183 375890 51301 9633 417558 0 0 25053 14094 10959 10959 Right of Use Asset 87861 C 87861 Lease liability current portion 27825 Lease LIability Noncurrent portion 61125 88950 X 1531410 75008 75008 1456402 0 1456402 0 0 0 0 0 Part V, Line 4: Net assets perpetual in nature are exclusively comprised of donor-restricted endowment funds representing investments in perpetuity. The perpetual in nature amount has been stipulated by the donor and is subject to change from time to time. This Fund's investment income is expendable to support minority leadership through scholarships as originally outlined by the donor's intent. Part X, Line 2: FIN 48 Note from Audited Financial Statements The Association was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Association qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private Foundation under Section 509(a)(1). The tax-exempt purpose of the Association and the nature in which it operates is described in the first paragraph of Note 1. The Association continues to operate in compliance with its tax-exempt purpose. The Association's annual information returns filed with the federal and state governments are subject to examination generally for three years after they have been filed. ACI Breakfast Forum 62692 7852 54840 10296 62692 7852 54840 10296 10296 44544 1 Augustana College 539 Thirty Eighth Street Rock Island IL 61201 362166962 501(c)(3) 22750 0 Educational Activities Aurora University 347 S Gladstone Avenue Aurora IL 60506 362166964 501(c)(3) 25135 0 Educational Activities Blackburn College 700 College Avenue 1 Carlinville IL 62626 370661491 501(c)(3) 18000 0 Educational Activities Dominican University 7900 Division Street River Forest IL 60305 362167855 501(c)(3) 25000 0 Educational Activities Elmhurst College 190 Prospect Street Elmhurst IL 60126 362169145 501(c)(3) 22500 0 Educational Activities Eureka College 300 College Avenue Eureka IL 61530 370667484 501(c)(3) 21500 0 Educational Activities Illinois College 1101 W College Avenue Jacksonville IL 62650 370661211 501(c)(3) 21420 0 Educational Activities Illinois Wesleyan Univeristy PO Box 2900 Bloomington IL 61702 370662594 501(c)(3) 22500 0 Educational Activities Judson University 1151 N State Street Elgin IL 60123 362515868 501(c)(3) 22500 0 Educational Activities Knox College 2 East Sootuh Street Galesburg IL 61401 370673513 501(c)(3) 22500 0 Educational Activities Lewis University One University Parkway Romeoville IL 60446 362167773 501(c)(3) 22500 0 Educational Activities McKendree College 701 College Road Lebanon IL 62254 370661219 501(c)(3) 22500 0 Educational Activities Millikin University 1184 W Main Street Decatur IL 62522 370706154 501(c)(3) 25135 0 Educational Activities Monmouth College 700 East Broadway Monmouth IL 61462 370661228 501(c)(3) 22500 0 Educational Activities North Central College 30 N Brainard Street Naperville IL 60540 362169157 501(c)(3) 25135 0 Educational Activities North Park University 3225 West Foster Avenue Chicago IL 60625 361557840 501(c)(3) 22500 0 Educational Activities Olivet Nazarene University One University Avenue Kankakee IL 60901 362191252 501(c)(3) 22500 0 Educational Activities Principia College 1 Maybecck Place Elsah IL 62028 430652667 501(c)(3) 18000 0 Educational Activities Quincy University 1800 College Drive Quincy IL 62301 370661231 501(c)(3) 22500 0 Educational Activities Rockford University 5050 East State Street Rockford IL 61108 362167842 501(c)(3) 22750 0 Educational Activities St Xavier University 3700 W 103rd Street Chicago IL 60655 362177133 501(c)(3) 22500 0 Educational Activities Trinity Christian College 5601 West College Drive Palso Park IL 60463 362387148 501(c)(3) 22500 0 Educational Activities University of St Francis 500 Wilcox Street Joliet IL 60435 362170999 501(c)(3) 22500 0 Educational Activities Wheaton College 501 College Avenue Wheaton IL 60187 362182171 501(c)(3) 22500 0 Educational Activities Benedictine University 5700 College Rd Lisle IL 60532 362722198 501(c)(3) 22500 0 Educational Activities Part I, Line 2: Associated Colleges of Illinois, Inc. follows strict grantmaking eligibility and distribution guidelines as described in the Organization's bylaws. All grants are documented in the Organization's accounting system. Form 990, Part VI, Section B, line 11b The Form 990 was reviewed by the Executive Director, accounting consultants, and Board Treasurer. The Form 990 was sent to the Finance Committee and Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The Organization requires that each Board Member sign a Conflict of Interest Policy in acknowledgement of receipt and understanding of the policy. The policy is delivered to each Board Member electronically on an annual basis. In addition, at each meeting where voting occurs, the Chair reminds the Members that anyone with a personal interest in proposed resolution refrain from voting. Form 990, Part VI, Section B, line 15 The salary of the Executive Director and other key positions are determined using regional compensation data of comparable positions. The actual amounts are included in the annual budget proposed to the Board. After discussion, the Board formally votes on approval of the proposed budget including all salaries and benefits amounts. Form 990, Part VI, Section C, line 19 Financial statements, governing documents, and the Conflict of Interest Policy are available to the public upon request. Form 990, Part IX, line 11g Consultants: Program service expenses 84,558. Management and general expenses 79,986. Fundraising expenses 11,380. Total expenses 175,924. Payroll processing: Program service expenses 1,557. Management and general expenses 1,473. Fundraising expenses 210. Total expenses 3,240. Program & development fees: Program service expenses 13,939. Management and general expenses 13,185. Fundraising expenses 1,876. Total expenses 29,000.