2023-03-27T15:35:11-05:00 2022-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2021-07-01 362167804 NATIONAL LOUIS UNIVERSITY % MARTY MICKEY VP OF FINANCE NATI 8479475580 1000 CAPITOL DRIVE WHEELING IL 60090 MARTY MICKEY VP OF FINANCE 8479475580 2023-05-15 true MARTY MICKEY 999009999 Lauren R Denton P01571860 2604604000 2 2021 2023-04-26 12:10:37Z NIVINE MEGAHED PRESIDENT 122 S MICHIGAN AVE CHICAGO IL 60603 126946118 false X WWW.NL.EDU X 1912 IL NLU IS AN INCLUSIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES TO INSPIRE & EMPOWER LEARNERS TO PREPARE FOR & ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS. 17 17 1747 17 0 0 18399171 24101373 97324028 100482760 2606069 1375355 755978 631047 119085246 126590535 5579936 7683206 0 0 65735007 69790779 0 0 1436750 37783373 41424830 109098316 118898815 9986930 7691720 128373354 128972894 37781895 36502762 90591459 92470132 NATIONAL LOUIS UNIVERSITY IS AN INCLUSIVE, INNOVATIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES THAT INSPIRE AND EMPOWER ALL LEARNERS AS THEY PREPARE FOR AND ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS. false false 88348445 7683206 101113807 INSTRUCTION - THE UNIVERSITY SERVED 10,107 STUDENTS IN ITS VARIOUS PROGRAMS OF INSTRUCTION. 16899781 PUBLIC SERVICE - THE UNIVERSITY PROVIDES A NUMBER OF EDUCATIONAL AND CULTURAL PROGRAMS FOR THE GENERAL COMMUNITY. 1688147 RESEARCH - THE UNIVERSITY RECEIVES A NUMBER OF GRANTS THAT FUNDS RESEARCH PERFORMED TO FIND NEW WAYS TO HELP THE COMMUNITY BY INFORMING FUTURE INSTRUCTION AND EDUCATIONAL PRACTICES. 106936373 true true false true false false false false false true true false false false true false true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false true false false false true 119 0 1747 true false false false false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true true false IL X MARTY MICKEY VP OF FINANCE 8479475580 1000 CAPITOL DRIVE WHEELING IL 60090 NIVINE MEGAHED PRESIDENT 50.0 0.0 X 548667 0 142487 SAIB OTHMAN PROVOST-07/01/2021-05/31/2022 50.0 0.0 X 241580 0 41894 AARTI DHUPELIA VP, UNDERGRADUATE EDUCATION 50.0 0.0 X 223397 0 48759 MARTY MICKEY TREASURER AND VP, FINANCE 50.0 0.0 X 194164 0 77288 ROBERT MULLER DEAN, NATIONAL COLLEGE OF ED. 50.0 0.0 X 219269 0 41149 RICHARD YACONIS VP, ENROLLMENT AND MARKETING 50.0 0.0 X 210149 0 39655 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 50.0 0.0 X 210598 0 22161 THOMAS BERGMANN VP, HUMAN RESOURCES 50.0 0.0 X 194801 0 28050 DIANE TRAUSCH SEC. & DIR., BOARD RELATIONS 50.0 0.0 X 97636 0 7225 EDDIE PHILLIPS PROVOST-SINCE 05/01/2022 50.0 0.0 X 66428 0 4279 THOMAS J FORMOLO TRUSTEE, CHAIRMAN OF THE BOARD 4.0 0.0 X 0 0 0 MICHELLE L COLLINS TRUSTEE, VICE CHAIR OF BOARD 4.0 0.0 X 0 0 0 JUAN C AVILA TRUSTEE 1.0 0.0 X 0 0 0 PENNY BROWN TRUSTEE 1.0 0.0 X 0 0 0 JULIE CHAVEZ TRUSTEE 1.0 0.0 X 0 0 0 PETER B CHERECWICH TRUSTEE 1.0 0.0 X 0 0 0 JAMES A FLOYD JR TRUSTEE 1.0 0.0 X 0 0 0 JANET FROETSHER TRUSTEE 1.0 0.0 X 0 0 0 JACK D FURST TRUSTEE 1.0 0.0 X 0 0 0 BRUCE HAMPTON TRUSTEE 1.0 0.0 X 0 0 0 PETER A KADENS TRUSTEE 1.0 0.0 X 0 0 0 J MICHAEL LOCKE TRUSTEE 1.0 0.0 X 0 0 0 R TIGHE MAGNUSON TRUSTEE 1.0 0.0 X 0 0 0 OLIVER R MERRILL TRUSTEE 1.0 0.0 X 0 0 0 LOUISE L PERRIN TRUSTEE 1.0 0.0 X 0 0 0 CELENA ROLDAN TRUSTEE 1.0 0.0 X 0 0 0 IAN G ROSS TRUSTEE 1.0 0.0 X 0 0 0 2206689 0 452947 45 false true false RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 ENROLLMENT SERVICES 1273080 MARKETING PARTNERSHIPS INTERNATIONA 1 N FRANKLIN ST STE 640 CHICAGO IL 60606 MARKETING SERVICES 745620 GOOGLE LLC 1600 AMPITHEATRE PKWY MOUNTAIN VIEW CA 94043 MARKETING SERVICES 2680026 META PLATFORMS INC 15161 COLLECTION CENTER DR CHICAGO IL 60693 ONLINE ADVERTISING 509121 SENTINEL TECHNOLOGIES PO BOX 85050 CHICAGO IL 60680 IT SERVICES 472739 38 22312261 1789112 204947 24101373 TUITION AND FEES 611710 97056982 97056982 SALES AND SERVICES OF EDUCATIONAL ACTIVITIES 611710 1926307 1926307 AUXILIARY ENTERPRISES 721000 1499471 1499471 100482760 1398756 1398756 0 0 223952 332182 -108230 0 -108230 -108230 23401 -23401 -23401 -23401 0 0 0 0 0 0 0 0 0 OTHER 900099 739277 739277 739277 126590535 101113807 1375355 0 7683206 7683206 0 0 1296647 771505 388994 136148 0 55697511 49575710 5498776 623025 1858076 1654028 183282 20766 6927233 6164977 684680 77576 4011312 3570802 395679 44831 0 365775 365775 77445 77445 30000 30000 0 175484 175484 7576275 6769415 721692 85168 982300 712958 36852 232490 8720439 7762787 860190 97462 0 0 6375743 5794015 522525 59203 354932 324386 29853 693 0 784060 723378 60058 624 763371 679057 75449 8865 0 2547036 2259397 258366 29273 525504 467795 51836 5873 OTHER 12146466 12022957 108756 14753 118898815 106936373 10525692 1436750 0 0 17467536 19405777 252006 250755 7828461 7279044 0 0 0 0 1042081 961636 0 0 1099985 1517481 88133564 33799312 56048881 54334252 42690971 41859956 1943433 3363993 0 0 0 0 0 0 128373354 128972894 7768674 6029807 0 0 5052776 6673786 24102037 23054210 0 0 0 0 0 0 0 0 858408 744959 37781895 36502762 X 71118419 75358254 19473040 17111878 90591459 92470132 128373354 128972894 X 7691720 -6560270 747223 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 30000 false false 30000 false false SCHEDULE C, PART II-B DURING 2021-22, THE UNIVERSITY INCURRED $30,000 TO UTILIZE THE SERVICES OF THE PUBLIC STRATEGIES FIRM OF CONLON PUBLIC STRATEGIES INC., TO ASSIST IN ARRANGING MEETINGS WITH VARIOUS LEGISLATORS IN THE STATE OF ILLINOIS FOR THE PURPOSE OF INFORMING SUCH LEGISLATORS ABOUT PROPOSED EDUCATION LEGISLATION. 44899294 7767844 -5295083 1633607 45738448 34585380 3607481 7974369 1267936 44899294 36099479 48420 116821 1679340 34585380 36458085 21739 1381839 1762184 36099479 36561402 35078 1828073 1966468 36458085 0.67000 0.33000 false false 1598774 1598774 67148830 19734776 47414054 3731582 3403718 327864 8082467 6076141 2006326 7571911 4584677 2987234 54334252 0 ADVANCE FROM GOVERNMENT - PERK 744959 744959 112503757 -6560270 332182 -6228088 118731845 175484 7683206 7858690 126590535 111372307 332182 332182 111040125 175484 7683206 7858690 118898815 SCHEDULE D, PART V, LINE 1G OF THE $45,738,448 ENDING ENDOWMENT FUND BALANCE AT JUNE 30, 2022, $30,561,508 OF THIS AMOUNT IS UNRESTRICTED QUASI-ENDOWMENT. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT ASSETS INCLUDE ASSETS THAT ARE CHARACTERIZED AS PERMANENTLY RESTRICTED AND QUASI-ENDOWMENT. SPENDING OF INCOME FROM THE PERMANENTLY RESTRICTED ENDOWMENT IS RESTRICTED TO THOSE DESIGNATIONS AS PROVIDED BY THE DONOR OF THE PERMANENTLY RESTRICTED FUNDS. SPENDING OF INCOME FROM THE QUASI-ENDOWMENT IS DESIGNATED BY THE UNIVERSITY'S BOARD OF TRUSTEES AND HELPS TO FUND THE OPERATIONS OF THE UNIVERSITY. SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI & XII, LINE 2D EXPENSES OF $332,182 RELATED TO THE UNIVERSITY'S RENTAL INCOME WERE INCLUDED IN THE EXPENSE SECTION OF THE UNIVERSITY'S STATEMENT OF ACTIVITIES. SCHEDULE D, PART XI & XII, LINE 4B STUDENT SCHOLARSHIPS OF $7,683,206 WERE INCLUDED IN THE INCOME SECTION OF THE UNIVERSITY'S STATEMENT OF ACTIVITIES. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE UNIVERSITY CUSTOMARILY DRAWS THE MAJORITY OF ITS STUDENTS FROM THE LOCAL COMMUNITIES IT SERVES AND IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS WHICH IS INCLUDED IN THE UNIVERSITY'S CATALOG AND ADMISSION AND APPLICATION INFORMATION. FURTHER, THE UNIVERSITY'S PROMOTION ACTIVITIES AND RECRUITING EFFORTS ARE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS OF THE PROGRAMS IT HAS AVAILABLE. SCHEDULE E, PART I, LINE 6A THE UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT. false Central America and the Caribbean Program Services CONTRIBUTION REVENUE 776 South America Program Services CONTRIBUTION REVENUE 9512 North America Program Services CONTRIBUTION REVENUE 52698 62986 62986 false false false false false false SCHEDULE F DURING FISCAL YEAR 2022, THE UNIVERSITY RECEIVED CONSIDERATION TOTALING $140,708 FROM HIGHER EDUCATION INSTITUTIONS IN MEXICO, CHILE, AND PANAMA UNDER AGREEMENTS WHEREBY EACH INSTITUTION UTILIZED CERTAIN CULINARY CURRICULUM OF THE UNIVERSITY AND THE UNIVERSITY PROVIDED CERTAIN OVERSIGHT OVER THE CULINARY INSTRUCTION AT EACH INSTITUTION. IN CONNECTION WITH SUCH AGREEMENTS, THE UNIVERSITY INCURRED PERSONNEL AND TRAVEL EXPENSES BY CERTAIN MEMBERS OF ITS CULINARY FACULTY TO VALIDATE THE APPROPRIATE UTILIZATION OF SUCH CURRICULUM. true SCHOLARHIPS 2855 7683206 SCHEDULE I, PART I, LINE 2 EACH FISCAL YEAR THE PRESIDENT'S LEADERSHIP TEAM DETERMINES THE AMOUNT OF SCHOLARSHIPS AND DISCOUNTS FOR THE YEAR. AWARDS ARE BASED ON DIFFERENT CRITERIA AND ARE TRACKED WITHIN THE APPROVED BUDGET. STUDENT AID IS HANDLED BY THE STUDENT FINANCE OFFICE AND CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. EACH STUDENT APPLIES FOR SCHOLARSHIPS BY FILLING OUT THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). THE AWARD IS BASED ON INFORMATION PROVIDED IN THIS APPLICATION. STUDENTS CAN ALSO APPLY FOR GRANTS AND SCHOLARSHIP BASED ON ELIGIBILITY. X true true X X X X X X false true false false false false false false false NIVINE MEGAHED PRESIDENT 470562 0 75000 0 3105 0 117300 0 25187 0 691154 0 SAIB OTHMAN PROVOST-07/01/2021-05/31/2022 218322 0 23000 0 258 0 13500 0 28394 0 283474 0 MARTY MICKEY TREASURER AND VP, FINANCE 169906 0 24000 0 258 0 36124 0 41164 0 271452 0 AARTI DHUPELIA VP, UNDERGRADUATE EDUCATION 197337 0 26000 0 60 0 37006 0 11753 0 272156 0 ROBERT MULLER DEAN, NATIONAL COLLEGE OF ED. 193873 0 25000 0 396 0 12362 0 28787 0 260418 0 RICHARD YACONIS VP, ENROLLMENT AND MARKETING 184753 0 25000 0 396 0 11544 0 28111 0 249804 0 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 185460 0 25000 0 138 0 11075 0 11086 0 232759 0 THOMAS BERGMANN VP, HUMAN RESOURCES 176043 0 18500 0 258 0 10854 0 17196 0 222851 0 SCHEDULE J, PART I, LINE 1A THE UNIVERSITY HAS A MEMBERSHIP IN A LOCAL SOCIAL CLUB THAT IS IN THE PRESIDENT'S NAME WHICH IS FOR THE PURPOSE OF HELPING PROMOTE AND CONDUCT BUSINESS ON BEHALF OF THE UNIVERSITY. THE SOCIAL CLUB MEMBERSHIP IS USED 100 PERCENT FOR BUSINESS AND THE PRESIDENT USES THE ACCOUNTABLE PLAN RULES FOR DOCUMENTING THE BUSINESS USE. SCHEDULE J, PART I, LINE 4B THE UNIVERSITY CURRENTLY HAS A 457(F) DEFERRED COMPENSATION PLAN IN PLACE WITH THE UNIVERSITY'S PRESIDENT WHEREBY THE UNIVERSITY MAKES AN ANNUAL CONTRIBUTION INTO THE PLAN WHERE THE FUNDS ARE INVESTED IN ACCORDANCE WITH THE PLAN GUIDELINES. FOR CALENDAR YEAR 2021, THE UNIVERSITY CONTRIBUTED $100,000 INTO THE PLAN. $100,000 OF DEFERRED COMPENSATION IS REPORTED IN SCHEDULE J PART II COLUMN C. THE PLAN CURRENTLY PROVIDES THAT IF THE UNIVERSITY PRESIDENT REMAINS EMPLOYED BY THE UNIVERSITY FOR THREE YEARS AND ACHIEVES CERTAIN OBJECTIVES, THE BALANCE IN THE PLAN AT THE END OF SUCH THREE YEAR PERIOD VESTS AND IS PAID TO THE UNIVERSITY PRESIDENT AT THAT TIME. THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN THE FISCAL YEAR ENDING 6/30/2022. SCHEDULE J, PART I, LINE 4B TO RETAIN TALENT WITHIN THE UNIVERSITY'S EXECUTIVE TEAM, THE BOARD OF TRUSTEES APPROVES RETENTION CONTRACTS FOR CERTAIN EMPLOYEES. THE CONTRACTS STATE IF THE EMPLOYEES MEET AGREED UPON OBJECTIVES AND ARE STILL WORKING WITH THE UNIVERSITY AT THE END OF A THREE YEAR PERIOD, A RETENTION BONUS IS PAID. IN JULY 2019, RETENTION CONTRACTS WERE APPROVED FOR AARTI DHUPELIA AND MARTY MICKEY FOR THE UPCOMING THREE-YEAR PERIOD. IN CONNECTION THEREWITH, THESE EMPLOYEES WILL EARN $75,000 AT THE END OF THE THREE YEAR PERIOD (JUNE 30, 2022), IF THEY ACHIEVE THE OBJECTIVES UNDER THE PLAN. FOR THE CALENDAR YEAR 2021, $25,000 OF DEFERRED COMPENSATION WAS EARNED AND REPORTED IN SCHEDULE J PART II COLUMN C FOR THESE EMPLOYEES. THERE WERE NO DISTRIBUTION ON THESE CONTRACTS DURING THE FISCAL YEAR ENDING 6/30/2022 A ILLINOIS FINANCE AUTHORITY 861091967 2019-05-07 26500000 SEE PART VI false false false A 3180000 0 26500000 0 125000 17624383 301331 0 0 8449286 0 0 true false true true A false false false false 0 false false false true A false true false false 0 false 0 false true A true PART I, LINE F THE BONDS ISSUED ON MAY 7, 2019 WERE USED TO (I) REFUND ALL OF THE THEN OUTSTANDING BONDS FROM THE ILLINOIS EDUCATIONAL FACILITIES AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS, NATIONAL LOUIS UNIVERSITY SERIES 1999A&B (THE SERIES 1999 BONDS); (II)FINANCE, REFINANCE AND REIMBURSE CERTAIN COSTS OF THE CONSTRUCTION AND EQUIPPING OF THE UNIVERSITY'S EDUCATIONAL FACILITIES AT 18 S. MICHIGAN, CHICAGO, ILLINOIS; AND PAY CERTAIN EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE ILLINOIS FINANCE AUTHORITY $26,500,000 SERIES 2019 BONDS AND THE REFUNDING OF THE SERIES 1999 BONDS. X KITCHEN EQUIPMENT 2 204947 FMV false false false SCHEDULE M, PART I THE AMOUNTS LISTED IN PART I, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARATION AND REVIEW PROCESS FOLLOWED BY THE UNIVERSITY WITH RESPECT TO THE FORM 990 IS AS FOLLOWS: THE 990 INFORMATION IS GATHERED BY THE UNIVERSITY'S ACCOUNTING DEPARTMENT AND THEN THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. A DRAFT COPY IS FIRST REVIEWED BY MANAGEMENT AND THEN IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY UNDER WHICH THE UNIVERSITY'S TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE TO THE PRESIDENT'S OFFICE ANY CONFLICTS OF INTEREST THAT THEY MAY HAVE WITH THE UNIVERSITY. IF A CONFLICT OF INTEREST WAS DISCLOSED, THE PERSON WITH THE CONFLICT WOULD RECUSE THEMSELVES FROM ANY DISCUSSION REGARDING THE PERTINENT ITEM. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE UNIVERSITY'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE WHO HAS THE RESPONSIBILITY AND AUTHORITY TO REVIEW AND APPROVE ALL CURRENT AND FUTURE COMPENSATION MATTERS FOR THE UNIVERSITY'S PRESIDENT, INCLUDING BUT NOT LIMITED TO BASE PAY, BONUS OR INCENTIVE PAY, DEFERRED COMPENSATION AND FRINGE BENEFITS. THE BOARD SETS COMPENSATION GUIDELINES FOR VICE PRESIDENTS AND DEANS AND REGULARLY REVIEWS UPDATED COMPENSATION RANGES AND VICE PRESIDENT AND DEAN SALARIES. THE COMPENSATION REVIEW WAS PERFORMED BY THE BOARD OF TRUSTEES DURING ITS 2021 AUGUST EXECUTIVE COMMITTEE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 NATIONAL LOUIS UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN INTEREST RATE SWAP VALUATION $747,223 CHARITABLE REMAINDER TRUST (1) CRT IL NLU TRUST false false false false false false false false false false false false false false false false false false false false