2022-04-07T10:04:57-05:00 2021-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2020-07-01 362167804 NATIONAL LOUIS UNIVERSITY % MARTY MICKEY VP OF FINANCE NATI 8479475580 1000 CAPITOL DRIVE WHEELING IL 60090 MARTY MICKEY VP OF FINANCE 8479475580 2022-05-15 true MARTY MICKEY 999009999 Lauren R Denton P01571860 2604604000 2 2020 2022-09-23 18:48:47Z NIVINE MEGAHED PRESIDENT 122 S MICHIGAN AVE CHICAGO IL 60603 119708253 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 CAREEERS. 18 18 1736 18 0 0 11403033 18399171 93624032 97324028 891323 2606069 694571 755978 106612959 119085246 5188223 5579936 0 0 63915335 65735007 0 0 2270004 34265033 37783373 103368591 109098316 3244368 9986930 111711059 128373354 37081984 37781895 74629075 90591459 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 85056742 5579936 98080006 INSTRUCTION - THE UNIVERSITY SERVED 10,063 STUDENTS IN ITS VARIOUS PROGRAMS OF INSTRUCTION. 14379624 PUBLIC SERVICE - THE UNIVERSITY PROVIDES A NUMBER OF EDUCATIONAL AND CULTURAL PROGRAMS FOR THE GENERAL COMMUNITY. 99436366 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 false false false false false true false false false true 118 0 1736 true false false false false false false false false false false false false X 18 18 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 521037 0 147124 SAIB OTHMAN RPVOST 50.0 0.0 X 240447 0 40821 MARTY MICKEY TREASURER AND VP, FINANCE 50.0 0.0 X 190455 0 78196 AARTI DHUPELIA VP, UNDERGRADUATE EDUCATION 50.0 0.0 X 219119 0 49075 ROBERT MULLER DEAN, NATIONAL COLEEGE OF EDU. 50.0 0.0 X 217754 0 29532 RICHARD YACONIS VP, ENROLLMENT AND MARKETING 50.0 0.0 X 202600 0 41169 CAROLE WOOD VP, ADVANCEMENT 50.0 0.0 X 222056 0 12391 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 50.0 0.0 X 198331 0 24531 THOMAS BERGMANN VP, HUMAN RESOURCES 50.0 0.0 X 192492 0 27862 IGNACIO LOPEZ DEAN, SCHOOL OF BUSINESS & IT 50.0 0.0 X 170250 0 35730 MICHAEL CARR DEPUTY PROVOST 50.0 0.0 X 158197 0 40412 STEPHEN NEER VICE PROVOST ADVIS & UN. REG. 50.0 0.0 X 156577 0 27634 JOHN MAZARIEGOS ASSOC VP OF INFORMATION TECH 50.0 0.0 X 145027 0 34658 DIANE TRAUSCH SEC. & DIR. OF BOARD RELATIONS 50.0 0.0 X 92833 0 8556 THOMAS J FORMOLO TRUSTEE, CHAIRMAN OF THE BOARD 4.0 0.0 X 0 0 0 MICHELLE L COLLINS TRUSTE, 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 JANET FROETSHER TRUSTEE 1.0 0.0 X 0 0 0 JACK D FURST TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY R KULWIN 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 RICHARD H MALONE TRUSTEE 0.0 0.0 X 0 0 0 KAY NIXON 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 IAN G ROSS TRUSTEE 1.0 0.0 X 0 0 0 SCOTT SMITH TRUSTEE 1.0 0.0 X 0 0 0 MARIO TRICOCCI TRUSTEE 1.0 0.0 X 0 0 0 2927175 0 597691 51 true true false HELIX EDUCATION INC PO BOX 894 SALT LAKE CITY UT 84110 ONLINE EDU SERVICES 1582998 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 ENROLLMENT SERVICES 1242753 SENTINEL TECHNOLOGIES PO BOX 85080 CHICAGO IL 60680 IT SERVICES 1155510 FACEBOOK 15161 COLLECTION CENTER DR CHICAGO IL 60693 ADVERTISING SERVICES 616983 ELLUCIAN COMPANY 62578 COLLECTION CENTERS DR CHICAGO IL 60693 IT SERVICES 593105 27 16755265 1643906 18399171 TUITION AND FEES 611710 95697130 95697130 SALES AND SERVICES OF EDUCATIONAL ACTIVITIES 611710 1025448 1025448 AUXILIARY ENTERPRISES 721000 601450 601450 97324028 942580 942580 0 0 542084 623007 -80923 0 -80923 -80923 1663489 1663489 1663489 1663489 0 0 0 0 0 0 0 0 0 OTHER 900099 836901 836901 836901 119085246 98080006 2606069 X 0 5579936 5579936 0 0 1978317 1177099 207723 593495 0 51044527 46381281 3617587 1045659 1857270 1701632 130001 25637 7043323 6452042 493885 97396 3811570 3492163 266794 52613 0 294258 294258 94817 94817 46500 46500 0 141372 141372 7751740 6671437 943781 136522 576114 470962 17016 88136 7382039 7323659 57105 1275 0 0 9530503 8741157 659324 130022 24684 12975 11673 36 0 164360 146094 17346 920 279925 255400 20485 4040 0 2652139 2419780 194085 38274 461829 423128 32326 6375 OTHER 7208093 7033206 125283 49604 SKOKIE RESTORATIO 1175000 1154415 20585 0 109098316 99436366 7391946 2270004 0 0 9488551 17467536 435569 252006 6983450 7828461 0 0 0 0 1112212 1042081 0 0 854835 1099985 88242206 32193325 58308206 56048881 33027985 42690971 1500251 1943433 0 0 0 0 0 0 111711059 128373354 6766060 7768674 0 0 4218616 5052776 25149863 24102037 0 0 0 0 0 0 0 0 947445 858408 37081984 37781895 X 58109776 71118419 16519299 19473040 74629075 90591459 111711059 128373354 X 9986930 5598660 376794 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 46500 false false 46500 false false Part II-B DURING 2020-21, THE UNIVERSITY UTILIZED THE SERVICES OF THE PUBLIC STRATEGIES FIRMS OF CONLON & DUNN AND CHRISTOPHER DUNN & ASSOCIATES, TO ASSIST IN ARRANGING MEETINGS WITH VARIOUS LEGISLATORS IN THE STATE OF ILLINOIS FOR THE PURPOSE OF INFORMING SUCH LEGISLATORS ABOUT PROPOSED EDUCATION LEGISLATION FOR WHICH THE UNIVERSITY INCURRED $46,500. 34585380 3607481 7974369 1267936 44899294 36099479 48420 116821 1679340 34585380 36458085 21739 1381839 1762184 36099479 36561402 35078 1828073 1966468 36458085 31506613 2559371 3194104 698686 36561402 0.61000 0.39000 false false 1598774 1598774 67148830 18307278 48841552 3731582 3290854 440728 8602934 6364905 2238029 7160087 4230289 2929798 56048881 0 ADVANCE FROM GOVERNMENT - PERK 858408 858408 119585605 5598660 623007 6221667 113363938 141372 5579936 5721308 119085246 104000015 623007 623007 103377008 141372 5579936 5721308 109098316 SCHEDULE D, PART V, LINE 1G OF THE $44,899,294 ENDING ENDOWMENT FUND BALANCE AT JUNE 30, 2021, $27,461,122 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 $623,007 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 $5,579,936 WAS 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 REASONBLY 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/CARIBBEAN Program Services CONTRIBUTION REVENUE 1021 SOUTH AMERICA Program Services CONTRIBUTION REVENUE 685 EAST ASIA AND THE PACIFIC Program Services CONTRIBUTION REVENUE 1388 NORTH AMERICA Program Services CONTRIBUTION REVENUE 20281 23375 23375 false false false false false false SCHEDULE F DURING FISCAL YEAR 2021, THE UNIVERSITY RECEIVED CONSIDERATION TOTALING $459,051 FROM HIGHER EDUCATION INSTITUTIONS IN MEXICO, CHILE, PANAMA AND MALAYSIA 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 MEMEBERS OF ITS CULINARY FACULTY TO VALIDATE THE APPROPRIATE UTILIZATION OF SUCH CURRICULUM. true SCHOLARSHIPS 2389 5579936 SCHEDULE I 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 448432 50000 22605 117772 29352 668161 SAIB OTHMAN RPVOST 218309 22000 138 12375 28446 281268 CAROLE WOOD VP, ADVANCEMENT 201966 20000 90 12100 291 234447 AARTI DHUPELIA VP, UNDERGRADUATE EDUCATION 197343 20000 1776 36986 12089 268194 ROBERT MULLER DEAN, NATIONAL COLEEGE OF EDU. 199358 18000 396 12342 17190 247286 RICHARD YACONIS VP, ENROLLMENT AND MARKETING 183204 19000 396 11470 29699 243769 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 179870 18000 461 10955 13576 222862 THOMAS BERGMANN VP, HUMAN RESOURCES 176234 16000 258 10828 17034 220354 MARTY MICKEY TREASURER AND VP, FINANCE 170197 20000 258 36070 42126 268651 IGNACIO LOPEZ DEAN, SCHOOL OF BUSINESS & IT 158190 12000 60 9067 26663 205980 MICHAEL CARR DEPUTY PROVOST 145059 13000 138 9217 31195 198609 STEPHEN NEER VICE PROVOST ADVIS & UN. REG. 142487 14000 90 8470 19164 184211 JOHN MAZARIEGOS ASSOC VP OF INFORMATION TECH 141967 3000 60 7995 26663 179685 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 2020, 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 6/30/2021. SCHEDULE J, PART I, LINE 4B TO RETAIN TALENT WITHIN THE UNIVERSITY'S EXECUTIVE TEAM, THE BOARD OF TRUSTEES APPROVES RETENTION CONTRACTS FOR CERTAIN OFFICERS. THE CONTRACTS STATE IF THE OFFICER MEETS AGREED UPON OBJECTIVES AND IS 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 OFFICERS WILL EARN $75,000 AT THE END OF THE THREE YEAR PERIOD (JUNE 30, 2022), IF THEY ACHIEVE THE OBJECTIVES UNDER THE PLAN. $25,000 OF DEFERRED COMPENSATION IS REPORTED IN SCHEDULE J PART II COLUMN C FOR THESE EMPLOYEES. A ILLINOIS FINANCE AUTHORITY 861091967 2019-05-07 26500000 SEE PART VI false false false A 2120000 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. 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 PREPARED BY THE UNIVERSITY'S ACCOUNTING DEPARTMENT AND THEN THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. A DRAFT COPY IS THEN 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 2020 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 IX, LINE 24B THE UNIVERSITY PAID THE LANDLORD FOR ITS SKOKIE LEASE $1,175,000 TO AVOID THE RESPONSIBILITY TO PERFORM ANY RESTORATION WORK ON THE LEASED PREMISES PRIOR TO THE LEASE EXPIRATION AS WAS REQUIRED BY THE LEASE AGREEMENT. THE UNIVERSITY MOVED OUT OF THE SPACE COVERED BY THE LEASE IN MARCH 2021. ALL COSTS AND EXPENSES PERTAINING TO THIS LEASE HAVE BEEN RECORDED IN THE 2021 FINANCIAL STATEMENTS AS THE UNIVERSITY HAD VACATED THE LEASED SPACE PRIOR TO JUNE 30, 2021, AND WAS NO LONGER RECEIVING ANY BENEFIT FROM IT. FORM 990, PART XI, LINE 9 CHANGE IN INTEREST RATE SWAP $376,794 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