FIRST ANALYSIS INSTITUTE: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- FIRST ANALYSIS INSTITUTE (EIN 36-3666973)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-06-09
- IRS object ID
- 202101609349300340
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-06-09T12:11:48-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390432630 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | QUARLES & BRADY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 N LASALLE STREET SUITE 4000 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363666973 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIRST ANALYSIS INSTITUTE OF INTEGRATIVE | BusinessNameLine1Txt |
| Business Name Line2 | STUDIES | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FIRS | BusinessNameControlTxt |
| Phone | 3122581400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE SO WACKER DRIVE SUITE 3900 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | F OLIVER NICKLIN JR | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3122581400 | PhoneNum |
| Signature | 2021-06-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | F | PersonFirstNm |
| Person Last | OLIVER NICKLIN JR | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SARAH M LINSLEY | PreparerPersonNm |
| PTIN | P01317392 | PTIN |
| Phone | 3127155000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | F OLIVER NICKLIN JR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE S WACKER DRIVE SUITE 3900 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $38,585 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | INTEGRATIVESTUDIES.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1989 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | INSTITUTE OFFERS CLASSES AND SEMINARS THAT ARE OPEN TO INTERESTED INDIVIDUALS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$70,492 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $107,714 | PYInvestmentIncomeAmt |
| CY Investment Income | $28,698 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$50,395 | PYOtherRevenueAmt |
| CY Other Revenue | -$70,492 | CYOtherRevenueAmt |
| PY Total Revenue | $57,319 | PYTotalRevenueAmt |
| CY Total Revenue | -$41,794 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $30,932 | PYOtherExpensesAmt |
| CY Other Expenses | $41,581 | CYOtherExpensesAmt |
| PY Total Expenses | $30,932 | PYTotalExpensesAmt |
| CY Total Expenses | $41,581 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $26,387 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$83,375 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,374,011 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,304,443 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,374,011 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,304,443 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $39,226 | ExpenseAmt |
| Desc | INSTITUTE OFFERS SEMINARS AND EDUCATIONAL PROGRAMS THAT ARE OPEN TO ANY INTERESTED INDIVIDUAL AND SUPPORTS EDUCATIONAL RELATED RESEARCH | Desc |
| Total Program Service Expenses | $39,226 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | 0 | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | F OLIVER NICKLIN JR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3122581400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE S WACKER DRIVE SUITE 3900 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| F OLIVER NICKLIN JR | ||||||
| PRESIDENT, TREASURER, DIRE | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GARY H KLINE RESIGNED 52020 | ||||||
| SECRETARY, DIRECTOR | 0.20 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JEROME P WAGNER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SARAH M LINSLEY EFFECTIVE 7272020 | ||||||
| DIRECTOR | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,319 | TotalRevenueColumnAmt |
| Exclusion | $8,319 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $54,729 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $34,350 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,379 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,379 | TotalRevenueColumnAmt |
| Exclusion | $20,379 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ORDINARY BUSINESS INCO | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | -$70,492 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$70,492 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$70,492 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$41,794 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$70,492 | UnrelatedBusinessRevenueAmt |
| Exclusion | $28,698 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,710 | TotalAmt |
| Program Services | $2,355 | ProgramServicesAmt |
| Management And General | $2,355 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148 | TotalAmt |
| Program Services | $148 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| UNIV OF CHICAGO | $15,000 | $15,000 | |
| OTHER EXPENSE REIMBURSE | $10,000 | $10,000 | $0 |
| TEACHING COMPENSATION(C | $6,712 | $6,712 | $0 |
| UNIV OF ILLINOIS AT CHI | $5,000 | $5,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11 | TotalAmt |
| Program Services | $11 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,581 | TotalAmt |
| Program Services | $39,226 | ProgramServicesAmt |
| Management And General | $2,355 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,163 | BOYAmt |
| EOY | $5,167 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,365,848 | BOYAmt |
| EOY | $3,299,276 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,374,011 | BOYAmt |
| EOY | $3,304,443 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,651,849 | BOYAmt |
| EOY | $1,620,213 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,722,162 | BOYAmt |
| EOY | $1,684,230 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,374,011 | BOYAmt |
| EOY | $3,304,443 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,374,011 | BOYAmt |
| EOY | $3,304,443 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$83,375 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $13,807 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| 56,250 SH-12/31/20 FIRST ANALYSIS STOCK-BOOK VALUE AT TIME OF GIFT | $1,620,213 | C |
| INTEREST IN FIRST ANALYSIS VENTURE OPERATION & RESEARCH LLC | $1,679,063 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $3,299,276 | TotalBookValueSecuritiesAmt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | NOTICE IS PUBLISHED ON THE INSTITUTE'S HOME PAGE AT INTEGRATIVESTUDIES.COM AS TO RACIALLY NONDISCRIMINATORY POLICY PER REV. PROC 2019-22 | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| FIRST ANALYSIS CORPORATION (THE COMPANY) | |||
| SEE EXPLANATION BELOW | $30,563 | REDEMPTION | 0 |
| FIRST ANALYSIS VENTURE OPERATIONS AND RESEARCH LLC (FAVOR) | |||
| SEE EXPLANATION BELOW | $8,022 | REDEMPTION | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990 PART IV | FormAndLineReferenceDesc |
| Explanation | BY AGREEMENT DATED JUNE 2, 2020, FIRST ANALYSIS CORPORATION (THE COMPANY) REDEEMED 100 SHARES OF CLASS B COMMON STOCK OF THE COMPANY OWNED BY THE ORGANIZATION AND FIRST ANALYSIS VENTURE OPERATIONS AND RESEARCH LLC (FAVOR) REDEEMED 100 LIMITED LIABILTY COMPANY MEMBERSHIP INTERESTS IN FAVOR OWNED BY THE ORGANIZATION. THE REDEMPTIONS WERE VALUED USING A 14% DISCOUNT TO THE PRIOR QUARTER END (3/31/2020) 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.BY AGREEMENT DATED AUGUST 4, 2020, FIRST ANALYSIS CORPORATION (THE COMPANY) REDEEMED 50 SHARES OF CLASS B COMMON STOCK OF THE COMPANY OWNED BY THE ORGANIZATION AND FIRST ANALYSIS VENTURE OPERATIONS AND RESEARCH LLC (FAVOR) REDEEMED 50 LIMITED LIABILTY COMPANY MEMBERSHIP INTERESTS IN FAVOR OWNED BY THE ORGANIZATION. THE REDEMPTIONS WERE VALUED USING A 14% DISCOUNT TO THE PRIOR QUARTER END (3/30/2020) 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.BY AGREEMENT DATED OCTOBER 23, 2020, FIRST ANALYSIS CORPORATION (THE COMPANY) REDEEMED 150 SHARES OF CLASS B COMMON STOCK OF THE COMPANY OWNED BY THE ORGANIZATION AND FIRST ANALYSIS VENTURE OPERATIONS AND RESEARCH LLC (FAVOR) REDEEMED 150 LIMITED LIABILTY COMPANY MEMBERSHIP INTERESTS IN FAVOR OWNED BY THE ORGANIZATION. THE REDEMPTIONS WERE VALUED USING A 14% DISCOUNT TO THE PRIOR QUARTER END (6/30/2020) 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.BY AGREEMENT DATED DECEMBER 14, 2020, FIRST ANALYSIS CORPORATION (THE COMPANY) REDEEMED 50 SHARES OF CLASS B COMMON STOCK OF THE COMPANY OWNED BY THE ORGANIZATION AND FIRST ANALYSIS VENTURE OPERATIONS AND RESEARCH LLC (FAVOR) REDEEMED 50 LIMITED LIABILTY COMPANY MEMBERSHIP INTERESTS IN FAVOR OWNED BY THE ORGANIZATION. THE REDEMPTIONS WERE VALUED USING A 14% DISCOUNT TO THE PRIOR QUARTER END (9/30/2020) 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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
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| 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. THE BOARD OF DIRECTORS OF THE INSTITUTE CONSISTS OF THREE 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. GARY H KLINE (RESIGNED 5/2020) - 300 N LASALLE ST SUITE 4000, CHICAGO, IL 60654. JEROME P WAGNER - 2755 LINCOLNWOOD DR, EVANSTON, IL 60201. SARAH M LINSLEY (EFFECTIVE 7/27/2020) - 300 N LASALLE ST SUITE 4000, CHICAGO, IL 60654. |
| FORM 990, PART IX, LINE 24E | FILING FEES: PROGRAM SERVICE EXPENSES 11. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11. |
| 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 $106.88 PER SHARE AS OF DECEMBER 31,2020 WAS $6,012,000. FAIR MARKET VALUE BELIEVED TO BE LESS.) |
| FORM 990, PART XI, LINE 9: | BOOK TO TAX ADJUSTMENT FOR LLC INCOME 14,887. ADJUSTMENT TO REFLECT INVESTMENT RELATED EXPENSES -1,080. |
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