2023-02-20T08:41:49-06:00 2022-07-31 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2021-08-01 362539399 VANDERCOOK COLLEGE OF MUSIC VAND 3122256288 3140 S FEDERAL ST CHICAGO IL 60616 DR ROSEANNE K ROSENTHAL PRESIDENT 3122256288 2023-02-15 1 DR ROSEANNE K ROSENTHAL 999009999 JAMES R THOMAS P00095586 6305738600 2023-02-15 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z DR ROSEANNE K ROSENTHAL 3140 S FEDERAL ST CHICAGO IL 60616 9219076 0 X WWW.VANDERCOOK.EDU X 1909 IL TO ENRICH THE LIVES OF PRESENT AND FUTURE GENERATIONS THROUGH THE PREPARATION OF TEACHERS IN INSTRUMENTAL, CHORAL, AND GENERAL MUSIC DISCIPLINES. THE CURRICULUM PREPARES TEACHERS WITH STRONG CHARACTER, TEACHING SKILL, AND RESPECT FOR THE IMPORTANCE OF MUSIC. 26 26 126 35 0 0 4444568 2761615 3521724 3514476 46553 56547 137816 21519 8150661 6354157 802455 1506837 0 0 2725903 2701740 64906 32088 165512 1869616 2243801 5462880 6484466 2687781 -130309 10888498 10499413 2660179 2481578 8228319 8017835 TO ENRICH THE LIVES OF PRESENT AND FUTURE GENERATIONS THROUGH THE PREPARATION OF TEACHERS IN INSTRUMENTAL, CHORAL, AND GENERAL MUSIC DISCIPLINES. THE CURRICULUM PREPARES TEACHERS WITH STRONG CHARACTER, TEACHING SKILL, AND RESPECT FOR THE IMPORTANCE OF MUSIC. 0 0 4918866 1506837 3556235 TO PROMOTE PASSIONATE, LIFE-LONG TEACHING, LEARNING, AND PLAYING OF MUSIC. VANDERCOOK GRADUATES SHARE THEIR TALENTS WITH CHILDREN OF ALL AGES IN CHICAGO AND THROUGHOUT THE WORLD. 4918866 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 79 0 126 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X DR ROSEANNE ROSENTHAL 3122256288 3140 S FEDERAL ST CHICAGO IL 60616 GEORGE QUINLAN JR CHAIRMAN 1.00 X X 0 0 0 HERALD JOHNSON VICE CHAIRMAN 1.00 X X 0 0 0 JOHN HUSTON IMMEDIATE PAST CHAIR 1.00 X 0 0 0 STANLEY DIETZEL BOARD MEMBER 1.00 X 0 0 0 LINDA POWELL BOARD MEMBER 1.00 X 0 0 0 LOREN CHERNOFF BOARD MEMBER 1.00 X 0 0 0 HERMENE HARTMAN BOARD MEMBER 1.00 X 0 0 0 SAUL FRIEDGOOD BOARD MEMBER 1.00 X 0 0 0 JON HARRIS BOARD MEMBER 1.00 X 0 0 0 STEVE BECK BOARD MEMBER 1.00 X 0 0 0 DR MEAD KILLION BOARD MEMBER 1.00 X 0 0 0 STEPHEN BUZARD BOARD MEMBER 1.00 X 0 0 0 IRWIN KORNFELD BOARD MEMBER 1.00 X 0 0 0 DAVID MANN BOARD MEMBER 1.00 X 0 0 0 CHRIS MOTOGAWA BOARD MEMBER 1.00 X 0 0 0 FRANK TSAMOUTALES BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER VANDERWALL BOARD MEMBER 1.00 X 0 0 0 SOHYOON ATAC SECRETARY 1.00 X 0 0 0 LIZ DUNNE BOARD MEMBER 1.00 X 0 0 0 ANDREW COLLINS BOARD MEMBER 1.00 X 0 0 0 JOEL DEFAYETTE BOARD MEMBER 1.00 X 0 0 0 PAUL LAVENDER BOARD MEMBER 1.00 X 0 0 0 ADRIENNE THOMPSON BOARD MEMBER 1.00 X 0 0 0 SCOTT CASAGRANED BOARD MEMBER 1.00 X 0 0 0 ROB CONRAD BOARD MEMBER 1.00 X 0 0 0 MARK HECKLER BOARD MEMBER 1.00 X 0 0 0 DR ROSEANNE K ROSENTHAL PRESIDENT 40.00 X 97257 0 6176 97257 0 6176 1 0 0 0 CLIFTONLARSONALLEN 1301 22ND STREET OAK BROOK IL 60523 AUDIT AND CONSULTING 117185 1 71309 1161876 1528430 2761615 TUITION 611600 2113356 2113356 MECA PROGRAMS 611600 986197 986197 FEES & TEXTBOOK SALES 611600 386670 386670 AUXILIARY PROGRAMS 611600 28253 28253 3514476 56495 56495 2824781 2824729 52 52 52 19950 71309 40190 -20240 -20240 OTHER REVENUE 900099 41759 41759 41759 6354157 3556235 0 36307 1506837 1506837 97257 34040 34040 29177 2279831 1566666 649264 63901 142344 95977 40809 5558 182308 122914 52273 7121 8562 8562 117185 117185 32088 32088 13902 13902 394665 323785 64837 6043 99723 73824 25899 333271 204194 122623 6454 205066 115251 88322 1493 476472 451301 20399 4772 14705 7662 6913 130 101066 88521 12539 6 30340 28874 1227 239 252555 210752 34992 6811 63752 53200 8833 1719 BAD DEBT EXPENSES 78831 78831 ORGANIZATIONAL DUES 29160 9882 19278 TRAINING AND DEVELOPMEN 1025 1025 23521 24161 -640 6484466 4918866 1400088 165512 3258236 11217 2425130 548234 64101 466157 467011 97571 97532 6669408 3654768 3035771 3014640 3461312 4420999 10000 10000 10888498 10499413 471673 185632 481989 353051 1706517 1942895 2660179 2481578 X 3011184 1737759 5217135 6280076 8228319 8017835 10888498 10499413 -130309 -80175 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 426869 3650 0 13787 416732 476561 2825 1173 53690 426869 509953 5625 2964 41981 476561 513114 3063 16526 22750 509953 514572 11700 1592 14750 513114 0.01222 0.96234 0.02544 0 0 4175653 1541379 2634274 2305535 2113389 192146 188220 188220 3014640 DEFERRED RENT OBLIGATION 1596601 OBLIGATIONS UNDER CAPITAL LEASE 18191 FUNDS HELD ON BEHALF OF ALUMNI ASSOCATION 13034 STUDENT HOUSING DUE TO IIT 315069 1942895 X 6314172 -80175 40190 -39985 6354157 0 6354157 6524656 40190 40190 6484466 0 6484466 PART V, LINE 4: FUNDS ARE TO BE USED FOR STUDENT SCHOLARSHIPS AND CAPITAL EXPENSES THAT DIRECTLY SUPPORT ANY AREA OF INSTRUCTION. THESE CAPITAL EXPENSES INCLUDE LIBRARY BOOKS, SHEET MUSIC, MUSICAL INSTRUMENTS, EQUIPMENT AND MUSICAL INSTRUMENT REPAIR AND COMPUTERS. PART X, LINE 2: THE COLLEGE HAS PREVIOUSLY RECEIVED NOTICE FROM THE INTERNAL REVENUE SERVICE (IRS) OF EXEMPTION FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS CONTAIN NO PROVISION FOR INCOME TAXES. IN ADDITION, THE COLLEGE QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A), AND THE COLLEGE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE COLLEGE EVALUATES ITS EXPOSURE FOR UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS. AS OF JULY 31, 2022 AND 2021, THERE WERE NO LIABILITIES FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 40,190. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 40,190. 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 COLLEGE'S NON-DISCRIMINATION POLICY IS PRINTED ON ALL STUDENT SOLICITATIONS USED DURING REGISTRATION AND ALL OTHER TIMES OF THE YEAR. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVED FINANCIAL AID OR ASSISTANCE FROM THE DEPARTMENT OF EDUCATION FOR THE FOLLOWING PROGRAMS: FEDERAL PELL GRANT PROGRAM FEDERAL WORK-STUDY PROGRAM FEDERAL DIRECT STUDENT LOANS PROGRAM FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION GRANTS X X X X X X X 1 NIKE WITCOMB AND ASSOCIATES 205 W WACKER DR 1819 CHICAGO IL 60606 CONSULATION AND SOLICITATION 0 1309000 0 1309000 1309000 1309000 GOLF OUTING 19724 11724 8000 4884 5898 262 NIGHT AT THE POPS 71535 59585 11950 14002 11485 3659 91259 71309 19950 18886 17383 3921 40190 -20240 SCHEDULE G, PART I, LINE 2B, COLUMN (V) FUNDRAISER CONNECTS THE COLLEGE WITH INDIVIDUALS WHO ARE LIKELY TO DONATE FUNDS OR ATTEND FUNDRAISING EVENTS. 1 STUDENT SCHOLARSHIPS 105 1506837 FMV PART I, LINE 2: SCHOLARSHIPS ARE ESTABLISHED AND APPROVED BY THE BOARD OF TRUSTEES. SCHOLARSHIP FUNDS CAN BE INCREASED THROUGH CONTRIBUTIONS OR BY A BOARD RESOLUTION TO ADD A PORTION OF ANY SURPLUS IN A GIVEN YEAR TO A FUND. 1 X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW AND APPROVAL PROCESS: 1. THE ORGANIZATION DISTRIBUTES THE 990 TO THE FINANCE COMMITTEE. 2. FINANCE COMMITTEE REVIEWS IN CONFERENCE CALL WITH AUDITORS, ROSEANNE ROSENTHAL AND FINANCE. 3. FINANCE COMMITTEE MAKES A RECOMMENDATION TO ACCEPT OR AMEND. 4. IF ACCEPTED, 990 GETS DISTRIBUTED TO THE ENTIRE BOARD. 5. BOARD HAS A WEEK LONG COMMENT PERIOD. 6. COMMENTS ARE ANSWERED BY APPROPRIATE PARTY (FINANCE COMMITTEE, AUDITOR, MANGEMENT). 7. IF THERE ARE NO OBJECTIONS AND ALL QUESTIONS HAVE BEEN SATISFACTORILY ANSWERED, WE CHECK YES, LIST THE PROCESS WE USED IN OUR EXPLANATION AND FILE IT. IF THERE ARE OBJECTIONS, FINANCE COMMITTEE, AUDITORS AND MANAGEMENT CONFER TO ANSWER QUESTION OR TO AMEND REPORT IF NECESSARY. AMENDED REPORT IS SENT TO TRUSTEE RAISING QUESTION AND CC'D TO ALL BOARD MEMBERS. SHOULD NO FURTHER QUESTIONS BE RAISED, WE SUBMIT THE FORM. IF NOT, WE REPEAT THE PART OF ITEM 7 WHICH DEALS WITH THIS SITUATION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY EXIST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 2C: THERE HAS BEEN NO CHANGE IN THE COMMITTEE'S RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.