2023-03-22T08:04:58-05:00 2022-05-31 363168081 SIKICH LLP 3051 HOLLIS DRIVE 3RD FLOOR SPRINGFIELD IL 62704 990 2021-06-01 370661211 ILLINOIS COLLEGE ILLI 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 KENT SILTMAN VP OF BUSINESS AFFAIRS & CFO 2172453003 2023-03-16 1 KENT SILTMAN 999009999 JILL M BOYLE CPA P01246734 2177933363 2023-03-16 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KENT SILTMAN 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 156816192 0 X WWW.IC.EDU X 1835 IL ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING IN THE LIBERAL ARTS. 27 27 1101 37 6154 0 5658601 8522610 44905754 42932656 10356941 12159179 1300332 1262455 62221628 64876900 22577630 21688847 0 0 19075427 19574142 0 0 1816112 16953106 19817919 58606163 61080908 3615465 3795992 220004192 209663245 27019708 26343125 192984484 183320120 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 56284908 21688847 43361233 PROVISION OF POST-SECONDARY EDUCATION TO APPROXIMATELY 1100 STUDENTS. 56284908 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 169 0 1101 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 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 BARBARA FARLEY PRESIDENT 50.00 X 379614 0 46003 CATHARINE O'CONNELL PROVOST/DEAN OF COLLEGE 50.00 X 202343 0 41361 STEPHANIE CHIPMAN VP OF EXTERNAL RELATIONS 50.00 X 170065 0 26273 MONICA BUCEK ASST VP MAJOR GIFTS 50.00 X 109451 0 13208 KENT SILTMAN VP OF BUSINESS/CFO 50.00 X 153368 0 14798 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 TONYA J BAISE BOARD MEMBER 1.00 X 0 0 0 RYAN T BARKE 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 ROBERT E CHIPMAN BOARD MEMBER 2.00 X 0 0 0 DEL C DUNHAM BOARD MEMBER 1.00 X 0 0 0 MICHAEL A FLETCHER BOARD MEMBER 1.00 X 0 0 0 JOEL C HARMON BOARD MEMBER 1.00 X 0 0 0 GARY R HAYNES BOARD MEMBER 1.00 X 0 0 0 JOHN S KAY 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 ELLEN F RAMMELKAMP MILLER BOARD MEMBER 1.00 X 0 0 0 STEPHEN D OETGEN BOARD MEMBER 1.00 X 0 0 0 WINSTON ROGERS III BOARD MEMBER 1.00 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 1.00 X 0 0 0 SCOTT BOSTON BOARD MEMBER 1.00 X 0 0 0 LUIZ E GUIMARAES BOARD MEMBER 1.00 X 0 0 0 MICHAEL D BAUERSACHS BOARD MEMBER 1.00 X 0 0 0 1014841 0 141643 5 0 1 0 CHARTWELLS 91337 COLLECTIONS DRIVE CHICAGO IL 606931337 FOOD SERVICE 2256117 A BOOK COMPANY LLC 28312 NETWORK PLACE CHICAGO IL 606731283 TEXTBOOK SERVICE 894618 BLDD ARCHITECTS INC 100 N MERCHANT STREET DECATUR IL 62523 CONSTRUCTION 588801 THE BOARD OF TRUSTEES OF THE UNIVERSITY 506 S WRIGHT STREET 209 HAB MC 339 URBANA IL 61801 COVID TESTING SERVICES 520825 O'SHEA HAROLD 401 CONSTITUTION DRIVE SPRINGFIELD IL 62711 CONSTRUCTION 450268 21 4965186 3557424 461702 8522610 TUITION AND FEES 900099 35118597 35118597 AUXILIARY REVENUE 900099 7814059 7807905 6154 42932656 5042970 5042970 99045971 850 91930612 0 7115359 850 7116209 7116209 17780 8680 9100 9100 OTHER INVESTMENT INCOME 900099 818624 818624 434731 434731 1253355 64876900 43361233 6154 12986903 21688847 21688847 1077173 328052 474793 274328 14714179 13145647 882851 685681 673055 601308 40383 31364 2031810 1815219 121909 94682 1077925 963018 64676 50231 31403 31403 71150 71150 424854 424854 1985747 1774066 119145 92536 138184 123454 8291 6439 1686145 1506402 101169 78574 426077 380658 25564 19855 2897786 2547968 173867 175951 935465 835744 56128 43593 156138 139493 16645 3778638 3375835 226718 176085 537586 480279 32255 25052 MEAL PLAN 2107489 2107489 AWARDS 1820267 1820267 TEXTBOOKS 910637 910637 SMALL EQUIPMENT 887149 792579 56369 38201 1023204 947946 51718 23540 61080908 56284908 2979888 1816112 7560586 9448899 265012 369039 1488726 618815 1047142 839248 108870 75800 408994 464879 135424330 83648689 53460265 51775641 128139454 111658713 5713118 5090932 21812025 29321279 220004192 209663245 7015515 7788996 1794287 1612072 10175931 9161248 5910856 5910856 2123119 1869953 27019708 26343125 X 71120667 67922947 121863817 115397173 192984484 183320120 220004192 209663245 X 3795992 -13432641 -27715 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 155486965 957322 -569307 9324764 146550216 126104821 796041 35405191 6819088 155486965 129905437 684192 3977128 8461936 126104821 137753933 861043 1052214 9761753 129905437 137538362 759194 8233678 8777301 137753933 0.24347 0.39882 0.35771 0 0 465933 465933 101654899 55413300 46241599 8701690 6480990 2220700 23558498 21754399 1804099 1043310 1043310 51775641 ACCRUED INTEREST RECEIVABLE 49687 BENEFICIAL INTEREST NONPERPETUAL TRUST 436086 DEFERRED UNDERWRITING CHARGES 87321 REAL ESTATE 27428974 OTHER ASSETS 244012 FINANCE LEASE RIGHT OF USE 1075199 29321279 ADVANCE FROM US GOVT PERKINS LOAN PROGRAM 852476 FINANCE LEASE 1017477 1869953 X 29311523 -13432641 -13432641 42744164 424854 21707882 22132736 64876900 38975887 0 38975887 424854 21680167 22105021 61080908 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 21,688,847. CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 27,715. FUNDRAISING EXPENSES -8,680. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 21,688,847. FUNDRAISING EXPENSES -8,680. 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 14475759 CENTRAL AMERICA AND THE CARIBBEAN 0 6 PROGRAM SERVICES RESEARCH 18662 EUROPE (INCLUDING ICELAND & GREENLAND) 0 8 PROGRAM SERVICES STUDENT BREAKAWAY, RECRUITING, RESEARCH 30180 SOUTH AMERICA 0 3 PROGRAM SERVICES STUDENT BREAKAWAY 14035 SOUTH ASIA 0 1 PROGRAM SERVICES RECRUITING 38500 0 18 0 0 0 18 14577136 0 14577136 1 0 1 1 0 0 PART III ACCOUNTING METHOD: X X X X X X X 1 MCALLISTER & QUINN LLC 1368 N WASHINGTON AVENUE SCRANTON PA 18509 GRANT CONSULTING 0 0 0 0 IL GOLF OUTING 17780 17780 4240 2871 1568 17780 17780 4240 2871 1568 8679 9101 SCHEDULE G, PART I, LINE 2B, COLUMN (V) ILLINOIS COLLEGE MONITORS THE WORK AND THE SUBSEQUENT RESULTS OF THE PROFESSIONAL FUNDRAISER THEY ENGAGE FOR CONSULTING SERVICES. IT IS DIFFICULT TO QUANTIFY THE GROSS RECEIPTS FROM THE CONSULTING SERVICES BECAUSE THESE SERVICES AFFECT THE ENTIRE FUNDRAISING FUNCTION AT THE COLLEGE. THE COLLEGE BELIEVES THESE SERVICES ARE BENEFICIAL TO THEIR FUNDRAISING ACTIVITIES. 1 STUDENT SCHOLARSHIPS 1042 21688847 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 331228 0 0 0 48386 0 31350 0 14653 0 425617 0 0 0 CATHARINE O'CONNELL PROVOST/DEAN OF COLLEGE 179532 0 0 0 22811 0 19222 0 22139 0 243704 0 0 0 STEPHANIE CHIPMAN VP OF EXTERNAL RELATIONS 163642 0 0 0 6423 0 11853 0 14420 0 196338 0 0 0 KENT SILTMAN VP OF BUSINESS/CFO 147174 0 0 0 6194 0 10453 0 4345 0 168166 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 A 725000 15000000 228875 14771125 2006 0 0 1 1 B 289683 3900000 161522 71343 3828657 2011 0 0 1 1 A 0 0 0 0 0 0 0 B 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 A 0 B 0 X 19 460211 FMV X OTHER NONCASH 3 1491 COST 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE-ROBERT E. CHIPMAN IS THE FATHER-IN-LAW TO OFFICER-VP EXTERNAL RELATIONS, STEPHANIE CHIPMAN FOR A FAMILY RELATIONSHIP. 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 -27,715. ILLINOIS COLLEGE STUDENT PAYROLL LLC 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 62650 834140081 STUDENT PAYROLL IL 0 ILLINOIS COLLEGE