2022-06-09T06:36:44-05:00 2021-12-31 390432630 QUARLES & BRADY LLP 300 N LASALLE STREET SUITE 4000 CHICAGO IL 60654 990 2021-01-01 363666973 FIRST ANALYSIS INSTITUTE OF INTEGRATIVE STUDIES FIRS 3122581400 ONE SO WACKER DRIVE SUITE 3900 CHICAGO IL 60606 F OLIVER NICKLIN JR PRESIDENT 3122581400 2022-06-09 1 F OLIVER NICKLIN JR 999009999 SARAH M LINSLEY P01317392 3127155000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z F OLIVER NICKLIN JR ONE S WACKER DRIVE SUITE 3900 CHICAGO IL 60606 304240 0 X INTEGRATIVESTUDIES.COM X 1989 IL INSTITUTE OFFERS CLASSES AND SEMINARS THAT ARE OPEN TO INTERESTED INDIVIDUALS. 4 4 0 0 32819 0 0 55000 0 0 28698 204899 -70492 32819 -41794 292718 0 0 0 0 0 0 0 0 0 41581 76587 41581 76587 -83375 216131 3304443 3529200 0 0 3304443 3529200 TO OFFER EDUCATIONAL PROGRAMS FOR EXPLORING INTEGRATIVE MODELS THAT DRAW UPON PLATONIC OR NEO-PLATONIC REASONING BUT THAT ALSO IMPOSE THE DISCIPLINE OF ARISTOTELIAN REASONING; AND TO EXPLORE IMPORTANT ISSUES FROM THE STANDPOINT OF CHRISTIANITY, ISLAM AND JUDAISM. 0 0 74060 INSTITUTE OFFERS SEMINARS AND EDUCATIONAL PROGRAMS THAT ARE OPEN TO ANY INTERESTED INDIVIDUAL AND SUPPORTS EDUCATIONAL RELATED RESEARCH 74060 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 1 1 1 1 0 0 0 1 1 0 1 1 1 0 0 0 IL X F OLIVER NICKLIN JR 3122581400 ONE S WACKER DRIVE SUITE 3900 CHICAGO IL 60606 X F OLIVER NICKLIN JR PRESIDENT, TREASURER, DIRE 2.00 X X 0 0 0 JEROME P WAGNER DIRECTOR 1.00 X 0 0 0 SARAH M LINSLEY DIRECTOR, SECRETARY 0.20 X X 0 0 0 CLAIRE NICKLIN DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 55000 55000 16121 16121 200300 11522 188778 188778 188778 ORDINARY BUSINESS INCO 900099 32819 32819 32819 292718 0 32819 204899 X 5055 2528 2527 188 188 CATHOLIC THEOLOGICAL UN 20000 20000 0 UNIV OF ILLINOIS AT CHI 20000 20000 0 COFAN SURVIVAL FUND 14000 14000 0 EVANSTON REBUILDING WAR 14000 14000 0 3344 3344 76587 74060 2527 0 X 5167 48567 3299276 3480633 3304443 3529200 0 0 X 1620213 1608691 0 0 1684230 1920509 3304443 3529200 3304443 3529200 X 216131 8626 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 55,850 SH-12/31/21 FIRST ANALYSIS STOCK-BOOK VALUE AT TIME OF GIFT 1608691 C INTEREST IN FIRST ANALYSIS VENTURE OPERATION & RESEARCH LLC 1871942 C 3480633 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE IS PUBLISHED ON THE INSTITUTE'S HOME PAGE AT INTEGRATIVESTUDIES.COM AS TO RACIALLY NONDISCRIMINATORY POLICY PER REV. PROC 2019-22 FIRST ANALYSIS CORPORATION (THE COMPANY) SEE EXPLANATION BELOW 36767 REDEMPTION 0 FIRST ANALYSIS VENTURE OPERATIONS AND RESEARCH LLC (FAVOR) SEE EXPLANATION BELOW 10268 REDEMPTION 0 FORM 990 PART IV BY AGREEMENT DATED APRIL 5, 2021, FIRST ANALYSIS CORPORATION (THE COMPANY) REDEEMED 400 SHARES OF CLASS B COMMON STOCK OF THE COMPANY OWNED BY THE ORGANIZATION AND FIRST ANALYSIS VENTURE OPERATIONS AND RESEARCH LLC (FAVOR) REDEEMED 400 LIMITED LIABILTY COMPANY MEMBERSHIP INTERESTS IN FAVOR OWNED BY THE ORGANIZATION. THE REDEMPTIONS WERE VALUED USING A 14% DISCOUNT TO THE PRIOR QUARTER END (12/31/2020) BOOK VALUE, A METHOD CONSISTENT WITH RECENT REDEMPTIONS OF COMPANY STOCK AND INTERESTS IN FAVOR OWNED BY VARIOUS PERSONS IN ARMS LENGTH TRANSACTIONS. F OLIVER NICKLIN, JR IS PRESIDENT,SOLE MEMBER AND A DIRECTOR OF THE ORGANIZATION AS WELL AS PRESIDENT, A DIRECTOR AND MAJOR SHAREHOLDER OF THE COMPANY. MR. NICKLIN IS AN OFFICER AND MANAGER AND MAJOR EQUITY OWNER OF FAVOR. FORM 990, PART VI, SECTION A, LINE 2 GARY H KLINE RESIGNED IN 2020 AND WAS REPLACED BY SARAH M LINSLEY, WAS ONE OF THE DIRECTORS AND AN OFFICER OF THE INSTITUTE, WAS AFFLIATED WITH THE LAW FIRM OF QUARLES & BRADY LLP, WHICH HAS BEEN ONE OF THE LAW FIRMS UTILIZED FOR LEGAL SERVICES BY FIRST ANALYSIS CORPORATION, OF WHICH F. OLIVER NICKLIN JR, WHO IS A DIRECTOR AND THE PRESIDENT OF THE INSTITUTE, IS ALSO PRESIDENT AND THE MAJORITY SHAREHOLDER. SARAH M LINSLEY IS A PARTNER WITH THE FIRM OF QUARLES & BRADY LLP. QUARLES & BRADY LLP ALSO PROVIDES LEGAL SERVICES TO THE INSTITUTE, AND TO MR. NICKLIN. CLAIRE NICKLIN IS THE DAUGHTER OF F. OLIVER NICKLIN, JR. THE BOARD OF DIRECTORS OF THE INSTITUTE CONSISTS OF FOUR INDIVIDUALS. THERE ARE AT PRESENT NO BOARD COMMITTEES AND THEREFORE THERE ARE NO MINUTES OF ANY BOARD COMMITTEE MEETINGS. THE INSTITUTE'S DIRECTORS WERE ASKED TO REVIEW ITS CURRENT YEARS FORM 990 BEFORE IT WAS FILED AND TO MAKE SUGGESTIONS WITH RESPECT THERETO. THE INSTITUTE HAS ONE MEMBER, F. OLIVER NICKLIN JR, WHO AS SOLE MEMBER, HAS THE POWER TO ELECT THE INSTITUTE'S BOARD OF DIRECTORS AND TO ELECT MEMBER(S). ALSO, BOARD OF DIRECTORS ACTIONS AS TO CERTAIN TYPES OF EXTRAORDINARY MATTERS, SUCH AS MERGERS, CONSOLIDATIONS, DISSOLUTION AND EXTRAORDINARY ASSET SALES ARE SUBJECT TO MEMBER(S) APPROVAL. FORM 990, PART VI, SECTION A, LINE 6 THE INSTITUTE HAS ONE MEMBER, F OLIVER NICKLIN JR, WHO AS SOLE MEMBER, HAS THE POWER TO ELECT THE INSTITUTE'S BOARD OF DIRECTORS AND TO ELECT MEMBER(S). ALSO, BOARD OF DIRECTORS ACTIONS AS TO CERTAIN TYPES OF EXTRAORDINARY MATTERS, SUCH AS MERGERS, CONSOLIDATIONS, DISSOLUTION AND EXTRAORDINARY ASSET SALES ARE SUBJECT TO MEMBER(S) APPROVAL. FORM 990, PART VI, SECTION A, LINE 7A THE INSTITUTE HAS ONE MEMBER, F OLIVER NICKLIN JR, WHO AS SOLE MEMBER, HAS THE POWER TO ELECT THE INSTITUTE'S BOARD OF DIRECTORS AND TO ELECT MEMBER(S). ALSO, BOARD OF DIRECTORS ACTIONS AS TO CERTAIN TYPES OF EXTRAORDINARY MATTERS, SUCH AS MERGERS, CONSOLIDATIONS, DISSOLUTION AND EXTRAORDINARY ASSET SALES ARE SUBJECT TO MEMBER(S) APPROVAL. FORM 990, PART VI, SECTION A, LINE 7B THE INSTITUTE HAS ONE MEMBER, F OLIVER NICKLIN JR, WHO AS SOLE MEMBER, HAS THE POWER TO ELECT THE INSTITUTE'S BOARD OF DIRECTORS AND TO ELECT MEMBER(S). ALSO, BOARD OF DIRECTORS ACTIONS AS TO CERTAIN TYPES OF EXTRAORDINARY MATTERS, SUCH AS MERGERS, CONSOLIDATIONS, DISSOLUTION AND EXTRAORDINARY ASSET SALES ARE SUBJECT TO MEMBER(S) APPROVAL. FORM 990, PART VI, SECTION A, LINE 8B BECAUSE OF THE PRESENT SMALLNESS OF THE ORGANIZATION, THE INSTITUTE DOES NOT HAVE COMMITTEES AND THEREFORE FOR THIS QUESTION, THE TAX SOFTWARE REQUIRES A YES OR NO ANSWER AND AN ANSWER OF NO HAS BEEN PLACED FOR THIS QUESTION. FORM 990, PART VI, SECTION B, LINE 11B THE INSTITUTE'S DIRECTORS WERE ASKED TO REVIEW ITS CURRENT YEARS FORM 990 BEFORE IT WAS FILED AND TO MAKE SUGGESTIONS WITH RESPECT THERETO. FORM 990, PART VI, SECTION B, LINE 12C BECAUSE OF THE PRESENT SMALLNESS OF THE ORGANIZATION, THE INSTITUTE HAS BEEN ABLE TO INFORMALLY MONITOR THE SITUATION AS TO IMPERMISSIBLE CONFLICTS OF INTEREST AND HERETOFORE HAS NOT HAD ANY FORMAL MONITORING AS TO AVOIDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PAGE 6, PART VI, SECTION B POLICIES -QUESTIONS 15A AND 15B-THESE QUESTIONS ARE REQUIRED TO HAVE A YES OR NO ANSWER BY THE TAX SOFTWARE, EVEN THOUGH THIS QUESTION SHOULD BE LEFT BLANK. HOWEVER IT IS ANSWERED NO TO SATISFY THE SOFTWARE REQUIREMENTS. PART VI SECTION B QUESTION 16A - THE ORGANIZATION DID NOT PARTICIPATE IN A JOINT VENTURE IN A TAXABLE ENTITY. THE ORGANIZATION IS A PASSIVE MEMBER OF A LIMITED LIABILITY COMPANY, FIRST ANALYSIS VENTURE OPERATIONS IN RESEARCH LLC, THE INTERESTS IN WHICH WERE DONATED TO THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 18 THE INSTITUTE WILL MAKE AVAILABLE TO INTERESTED PERSONS COPIES OF FORM 990 AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 BECAUSE OF THE PRESENT SMALLNESS OF THE ORGANIZATION, THE INSTITUTE HAS BEEN ABLE TO INFORMALLY MONITOR THE SITUATION AS TO IMPERMISSIBLE CONFLICTS OF INTEREST AND HERETOFORE HAS NOT HAD FORMAL MONITORING AS TO AVOIDING CONFLICTS OF INTEREST. THE INSTITUTE WILL MAKE AVAILABLE TO INTERESTED PERSONS COPIES OF ITS GOVERNING INSTRUMENT, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC F OLIVER NICKLIN JR - ONE S WACKER DRIVE SUITE 3900, CHICAGO, IL 60606. JEROME P WAGNER - 2755 LINCOLNWOOD DR, EVANSTON, IL 60201. SARAH M LINSLEY - 300 N LASALLE STE 4000, CHICAGO, IL 60654. CLAIRE NICKLIN - C/O S LINSLEY 300 N LASALLE STE 4000, CHICAGO, IL 60654. FORM 990, PART IX, LINE 24E TEACHING COMPENSATION(CONSULTANT FEES): PROGRAM SERVICE EXPENSES 3,330. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,330. FILING FEES: PROGRAM SERVICE EXPENSES 14. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14. FOOTNOTE #1 FORM 990 PAGE 11 PART X LINE 12 SHARES OF CLASS B COMMON STOCK OF FIRST ANALYSIS CORPORATION (BOOK VALUE AT TIME OF GIFT TREATED AS BOOK VALUE IN THE HANDS OF FIRST ANALYSIS INSTITUTE OF INTEGRATIVE STUDIES-CURRENT BOOK VALUE AT $118.58 PER SHARE AS OF DECEMBER 31,2021 WAS $6,622,693. FAIR MARKET VALUE BELIEVED TO BE LESS.) FOOTNOTE #2 FORM 990 PAGE 9 PART X LINE 7B PRIOR YEARS COST BASIS OF SHARES SOLD WAS BASED ON A SPECIFIC IDENFICATION METHOD. IN 2021, AVERAGE COST METHOD WAS USED (AND IN FUTURE YEARS WILL BE USED) TO DETERMINE COST BASIS. IN 2021 THIS RESULTED IN A LARGER GAIN REPORTED. FORM 990, PART XI, LINE 9: BOOK TO TAX ADJUSTMENT FOR LLC INCOME -UNREALIZED GAIN 20,250. ADJUSTMENT TO REFLECT INVESTMENT RELATED EXPENSES -1,356. DISTRIBUTION RECEIVED PER BOOKS AND K1 REPORTING -10,268.