LAKE FOREST COLLEGE: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- LAKE FOREST COLLEGE (EIN 36-2167770)
- Tax period
- 2019-06-01 to 2020-05-31
- Filed
- 2021-04-12
- IRS object ID
- 202131029349301318
- Schema version
- 2019v5.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-04-12T16:00:34-05:00 | ReturnTs |
| Tax Period End | 2020-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 West Wacker Drive Suite 2600 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606061224 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362167770 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lake Forest College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LAKE | BusinessNameControlTxt |
| Phone | 8472343100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 North Sheridan Road | AddressLine1Txt |
| City | Lake Forest | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 600452399 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lori Sundberg | PersonNm |
| Person Title | VP of Finance and Planning | PersonTitleTxt |
| Signature | 2021-04-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Nicole Bencik | PreparerPersonNm |
| PTIN | P00756195 | PTIN |
| Phone | 3128997000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEPHEN SCHUTT | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 North Sheridan Road | AddressLine1Txt |
| City | Lake Forest | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 600452399 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $119,789,811 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.lakeforest.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1857 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | Lake Forest College is a national residential liberal arts college, accredited by the North Central Association of Colleges and Schools. | ActivityOrMissionDesc |
| Voting Members Governing Body | 32 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 31 | VotingMembersIndependentCnt |
| Total Employee | 1525 | TotalEmployeeCnt |
| Total Volunteers | 1300 | TotalVolunteersCnt |
| Total Gross UBI | $839,470 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $19,688,723 | PYContributionsGrantsAmt |
| CY Contributions Grants | $20,270,235 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $83,001,637 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $88,116,275 | CYProgramServiceRevenueAmt |
| PY Investment Income | $186,218 | PYInvestmentIncomeAmt |
| CY Investment Income | $245,208 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,858,053 | PYOtherRevenueAmt |
| CY Other Revenue | $1,762,687 | CYOtherRevenueAmt |
| PY Total Revenue | $104,734,631 | PYTotalRevenueAmt |
| CY Total Revenue | $110,394,405 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $42,846,311 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $48,461,348 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $32,090,471 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $30,930,404 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,837,921 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,362,462 | PYOtherExpensesAmt |
| CY Other Expenses | $31,684,425 | CYOtherExpensesAmt |
| PY Total Expenses | $103,299,244 | PYTotalExpensesAmt |
| CY Total Expenses | $111,076,177 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,435,387 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$681,772 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $227,144,105 | TotalAssetsBOYAmt |
| Total Assets EOY | $217,688,817 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $56,214,988 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $47,957,142 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $170,929,117 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $169,731,675 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Provide post-secondary education leading to a baccalaureate degree. Program service expenditures are made in conjunction with the operation of a liberal arts college spread over 107 acres with approximately 63 educational and support buildings. The College is accredited by the North Central Association of Schools, and had 1,541 full time equivalent students in the undergraduate level with 128 full time faculty. Bachelor of Arts degrees conferred were 349 during the year, with 12 Master's degrees conferred. The College had approximately 1,110 resident students in the residence halls. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $67,323,391 | ExpenseAmt |
| Grant | $47,539,934 | GrantAmt |
| Revenue | $75,208,737 | RevenueAmt |
| Desc | Academic programs served 1,541 full time equivalent students in a primarily liberal arts undergraduate program. Bachelor of Arts degrees conferred was 349 during the year, with 12 Master's degrees conferred. Program costs include academic departments and the faculty salaries and benefits. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $13,659,805 | ExpenseAmt |
| Revenue | $791,877 | RevenueAmt |
| Desc | Student Services includes athletics, counseling, admissions, financial aid services, health services, intercultural programming and career development for all students. Residential Life programming is provided for students living on campus. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,887,139 | ExpenseAmt |
| Grant | $921,414 | GrantAmt |
| Revenue | $12,390,454 | RevenueAmt |
| Desc | Auxiliary services are primarily the cost of providing housing to the students. Approximately 82% of the undergraduate students lived on campus. Students come from nearly every state, the District of Columbia, and the U.S. Virgin Islands and 80 countries. Other auxiliary programs include costs for faculty housing, printing services, summer conferences, and other services not directly related to the instruction of students. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,867,597 | ExpenseAmt |
| Revenue | $8,123 | RevenueAmt |
| Desc | Academic support includes the cost of the library (facilities, salaries, acquisitions), other types of academic support for students and the costs of administration in academics (e.g. administrative assistants, hiring expenses, personnel of Deans offices). | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $4,867,597 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $8,123 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $96,737,932 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 2083 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 1525 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 32 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 31 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JESSICA WEST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8477355039 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 NORTH SHERIDAN ROAD | AddressLine1Txt |
| City | Lake Forest | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60045 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (43 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| CLAUDIA WYATT-JOHNSON '69 | ||||||||
| SECRETARY | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID F GORTER '80 | ||||||||
| CHAIRMAN | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEPHEN D SCHUTT | ||||||||
| PRESIDENT | 50.0 | Yes (X) | Yes (X) | $448,691 | $0 | $88,582 | ||
| WILLIAM A LOWRY | ||||||||
| VICE CHAIR | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ALEXANDER D STUART | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| CHARLES M BRENNAN III | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| CRAIG OMTVEDT | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| DAVID A CASTAGNETTI '84 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| DEVON C BRUCE | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| DONI FORDYCE-URFIRER '81 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Dr ANGELIQUE L RICHARD '85 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Dr SHAO-LEE LIN | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| EARL J BARNES '86 II | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| GEOFFREY M CURTIS '97 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| JAMES M HUNTER '71 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| JESSICA Q COLEMAN '89 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| JOANNE STORKAN | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| JOHN D CARRUTHERS '78 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH D MCCARTHY '78 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| KAREN FROST '88 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| MARK A NAGLE | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| MARK W SHADLE '84 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| MARTINO R MOORE '99 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| NIEL J DONNELLEY '84 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| RANDALL S LAUER '81 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT D KREBS | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT J CRAWFORD Jr | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT S MURLEY | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| SEAN W THOMAS '81 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN C STRELSIN | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM CONNELL '17 | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM G BROWN | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| ANDREA CONNER | ||||||||
| DEAN OF STUDENTS | 50.0 | Yes (X) | $152,080 | $0 | $35,964 | |||
| CHRISTOPHER ELLERTSON | ||||||||
| VICE PRESIDENT FOR ENROLLMENT | 50.0 | Yes (X) | $210,939 | $0 | $27,186 | |||
| DAVIS SCHNEIDERMAN | ||||||||
| PROVOST AND DEAN OF FACULTY | 50.0 | Yes (X) | $182,521 | $0 | $42,565 | |||
| LORI SUNDBERG | ||||||||
| VP FOR FINANCE AND PLANNING | 50.0 | Yes (X) | $191,221 | $0 | $24,486 | |||
| PHILIP HOOD | ||||||||
| VP DEVELOPMENT/ALUMNI RELATIONS & SECRETARY | 50.0 | Yes (X) | $211,125 | $0 | $15,028 | |||
| JACQUELINE SLAATS | ||||||||
| VP FOR CAREER ADVANCEMENT AND ATHLETICS | 50.0 | $176,595 | $0 | $22,081 | Yes (X) | |||
| DAVID SIEBERT | ||||||||
| DIRECTOR OF FACILITIES MANAGEMENT | 50.0 | $130,278 | $0 | $30,998 | Yes (X) | |||
| JANET MCCRACKEN | ||||||||
| PROFESSOR OF PHILOSOPHY | 40.0 | $133,475 | $0 | $20,014 | Yes (X) | |||
| MARTIN RIEDEL | ||||||||
| CHIEF INFORMATION OFFICER | 50.0 | $143,879 | $0 | $20,997 | Yes (X) | |||
| RICHARD J BARTOLOZZI | ||||||||
| SENIOR DIRECTOR GIFT PLANNING | 50.0 | $148,139 | $0 | $22,249 | Yes (X) | |||
| ROBERT BAADE | ||||||||
| PROFESSOR OF ECONOMICS | 40.0 | $120,672 | $0 | $38,517 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,249,615 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $388,667 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 36 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| PARKHURST DINING | ||||||
| PO BOX 644091 | PITTSBURGH | PA | 15264 | CAMPUS FOOD SERVICES | $6,562,934 | |
| ARAMARK CUSTODIAL CORPORATION | ||||||
| 27310 NETWORK PLACE | CHICAGO | IL | 60673 | CUSTODIAL SERVICES | $1,881,505 | |
| SOLOMON CORDWELL BUENZ | ||||||
| 625 N MICHIGAN AVE | CHICAGO | IL | 60611 | ARCHITECTURE SERVICES | $831,215 | SUITE 800 |
| AIR CON REFRIGERATION & HEATING INC | ||||||
| 123 LAKE STREET | WAUKEGAN | IL | 60085 | HEATING AND COOLING INSTALLATION | $544,553 | |
| PEPPER CONSTRUCTION INC | ||||||
| 411 LAKE ZURICH RD | BARRINGTON | IL | 600103141 | CONSTRUCTION SERVICES | $513,699 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 23 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,102,833 | GovernmentGrantsAmt |
| All Other Contributions | $18,167,402 | AllOtherContributionsAmt |
| Noncash Contributions | $5,792,976 | NoncashContributionsAmt |
| Total Contributions | $20,270,235 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $74,459,878 | $74,459,878 |
| RESIDENCE HALL AND BOARD PLAN | 611310 | $12,396,027 | $12,396,027 |
| GRADUATE PROGRAM | 611310 | $319,879 | $319,879 |
| OTHER SOURCES | 611310 | $940,491 | $940,491 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $88,116,275 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $105,962 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $367,585 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$261,623 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,290,802 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,290,802 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,290,802 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $282,916 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,007,886 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,400,785 | SecuritiesAmt |
| Other | $133,867 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,224,721 | SecuritiesAmt |
| Other | $170,685 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $176,064 | SecuritiesAmt |
| Other | -$36,818 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $139,246 | TotalRevenueColumnAmt |
| Exclusion | $139,246 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| GLEN ROWAN GUEST HOUSE | 721000 | $143,942 | $143,942 |
| PRINT SHOP | 323100 | -$2,887 | -$2,887 |
| ICE RINK RENTAL AND SPORTS CENTER | 713900 | $330,830 | $330,830 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $471,885 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $110,394,405 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $88,399,191 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $839,470 | UnrelatedBusinessRevenueAmt |
| Exclusion | $885,509 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,461,348 | TotalAmt |
| Program Services | $48,461,348 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,876,349 | TotalAmt |
| Program Services | $903,639 | ProgramServicesAmt |
| Management And General | $734,165 | ManagementAndGeneralAmt |
| Fundraising | $238,545 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,984,811 | TotalAmt |
| Program Services | $19,427,468 | ProgramServicesAmt |
| Management And General | $2,728,101 | ManagementAndGeneralAmt |
| Fundraising | $829,242 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,431,628 | TotalAmt |
| Program Services | $1,105,280 | ProgramServicesAmt |
| Management And General | $274,938 | ManagementAndGeneralAmt |
| Fundraising | $51,410 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,030,768 | TotalAmt |
| Program Services | $2,530,145 | ProgramServicesAmt |
| Management And General | $353,427 | ManagementAndGeneralAmt |
| Fundraising | $147,196 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,606,848 | TotalAmt |
| Program Services | $1,233,562 | ProgramServicesAmt |
| Management And General | $311,737 | ManagementAndGeneralAmt |
| Fundraising | $61,549 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,432 | TotalAmt |
| Program Services | $7,295 | ProgramServicesAmt |
| Management And General | $62,137 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,550 | TotalAmt |
| Management And General | $88,550 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $623,331 | TotalAmt |
| Management And General | $623,331 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,883,225 | TotalAmt |
| Program Services | $7,560,332 | ProgramServicesAmt |
| Management And General | $259,373 | ManagementAndGeneralAmt |
| Fundraising | $63,520 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $233,534 | TotalAmt |
| Program Services | $227,058 | ProgramServicesAmt |
| Management And General | $1,988 | ManagementAndGeneralAmt |
| Fundraising | $4,488 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,392,071 | TotalAmt |
| Program Services | $1,968,674 | ProgramServicesAmt |
| Management And General | $257,385 | ManagementAndGeneralAmt |
| Fundraising | $166,012 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $688,738 | TotalAmt |
| Program Services | $299,836 | ProgramServicesAmt |
| Management And General | $304,980 | ManagementAndGeneralAmt |
| Fundraising | $83,922 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,997,553 | TotalAmt |
| Program Services | $2,585,694 | ProgramServicesAmt |
| Management And General | $1,407,005 | ManagementAndGeneralAmt |
| Fundraising | $4,854 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $715,759 | TotalAmt |
| Program Services | $642,712 | ProgramServicesAmt |
| Management And General | $13,079 | ManagementAndGeneralAmt |
| Fundraising | $59,968 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $549,440 | TotalAmt |
| Program Services | $397,491 | ProgramServicesAmt |
| Management And General | $32,383 | ManagementAndGeneralAmt |
| Fundraising | $119,566 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,726,442 | TotalAmt |
| Program Services | $1,715,721 | ProgramServicesAmt |
| Management And General | $10,721 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,580,775 | TotalAmt |
| Program Services | $5,410,836 | ProgramServicesAmt |
| Management And General | $169,939 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $487,765 | TotalAmt |
| Program Services | $126,208 | ProgramServicesAmt |
| Management And General | $357,412 | ManagementAndGeneralAmt |
| Fundraising | $4,145 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Bad Debt Expense | $3,549,101 | $0 | $3,549,101 | $0 |
| Equipment and Leases | $1,256,370 | $1,002,229 | $250,637 | $3,504 |
| Institutional Expenses | $1,176,058 | $1,132,404 | $43,654 | $0 |
| HEERF Student Emergency Aid | $666,281 | $0 | $666,281 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,076,177 | TotalAmt |
| Program Services | $96,737,932 | ProgramServicesAmt |
| Management And General | $12,500,324 | ManagementAndGeneralAmt |
| Fundraising | $1,837,921 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,145,086 | BOYAmt |
| EOY | $3,716,466 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,933 | BOYAmt |
| EOY | $123,946 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,892,201 | BOYAmt |
| EOY | $12,401,735 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,690,104 | BOYAmt |
| EOY | $1,805,790 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,304,737 | BOYAmt |
| EOY | $1,883,575 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,996 | BOYAmt |
| EOY | $23,937 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,247,885 | BOYAmt |
| EOY | $1,181,907 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $184,595,248 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $73,407,081 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,080,013 | BOYAmt |
| EOY | $111,188,167 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,726 | BOYAmt |
| EOY | $1,789 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,945,708 | BOYAmt |
| EOY | $81,550,318 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,585,096 | BOYAmt |
| EOY | $2,686,321 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,102,620 | BOYAmt |
| EOY | $1,124,866 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,144,105 | BOYAmt |
| EOY | $217,688,817 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,837,475 | BOYAmt |
| EOY | $5,295,086 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,160,500 | BOYAmt |
| EOY | $1,838,597 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,176,734 | BOYAmt |
| EOY | $4,497,486 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,202,649 | BOYAmt |
| EOY | $32,843,795 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,000,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,837,630 | BOYAmt |
| EOY | $3,482,178 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,214,988 | BOYAmt |
| EOY | $47,957,142 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,161,484 | BOYAmt |
| EOY | $71,748,139 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,767,633 | BOYAmt |
| EOY | $97,983,536 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,929,117 | BOYAmt |
| EOY | $169,731,675 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,144,105 | BOYAmt |
| EOY | $217,688,817 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$681,772 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $330,891 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$846,561 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | Yes (true) | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | Yes (true) | MailingsMembersInd |
| Mailings Members | $293 | MailingsMembersAmt |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $224 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | Yes (true) | RalliesDemonstrationsInd |
| Rallies Demonstrations | $224 | RalliesDemonstrationsAmt |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $741 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY | FormAndLineReferenceDesc |
| Explanation | Members of the College or Trustees may occasionally contact legislators to express the Institution's views on pending legislation which could affect costs or our students. Students of the College have rallied for specific legislative actions, and have participated in volunteer efforts of laws and regulations. We paid two vendors a total of $6,412 and $14,655 in fiscal year 2019-2020, and only 7% and 2%, respectively, of these fees were allocated to lobbying efforts. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
Collection Used Other Purposes CollectionUsedOtherPurposesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Other Purposes | Yes (X) | CollectionUsedOtherPurposesInd |
| Other Purposes | Teaching | OtherPurposesDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $87,498,703 | BeginningYearBalanceAmt |
| Contributions | $1,646,426 | ContributionsAmt |
| Investment Earnings Or Losses | -$52,221 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,741,168 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,158,832 | OtherExpendituresAmt |
| End Year Balance | $84,192,908 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $90,640,225 | BeginningYearBalanceAmt |
| Contributions | $852,283 | ContributionsAmt |
| Investment Earnings Or Losses | $2,321,385 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,674,875 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,640,315 | OtherExpendituresAmt |
| End Year Balance | $87,498,703 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $87,796,299 | BeginningYearBalanceAmt |
| Contributions | $564,369 | ContributionsAmt |
| Investment Earnings Or Losses | $7,047,262 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,637,744 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,129,961 | OtherExpendituresAmt |
| End Year Balance | $90,640,225 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $83,907,058 | BeginningYearBalanceAmt |
| Contributions | $1,085,103 | ContributionsAmt |
| Investment Earnings Or Losses | $7,745,696 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,593,300 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,348,258 | OtherExpendituresAmt |
| End Year Balance | $87,796,299 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $88,604,926 | BeginningYearBalanceAmt |
| Contributions | $1,483,117 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,293,497 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,575,866 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,311,622 | OtherExpendituresAmt |
| End Year Balance | $83,907,058 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.1905 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.7406 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.0689 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,257,533 | OtherCostOrOtherBasisAmt |
| Book Value | $2,257,533 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $2,336,076 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $173,520,319 | OtherCostOrOtherBasisAmt |
| Depreciation | $70,024,506 | DepreciationAmt |
| Book Value | $105,831,889 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,835,490 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,382,575 | DepreciationAmt |
| Book Value | $452,915 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,645,830 | OtherCostOrOtherBasisAmt |
| Book Value | $2,645,830 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $111,188,167 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| LIQUID MARKET FUND | $3,861,892 | F |
| SECOND MORTGAGES FOR EMPLOYEES | $488,599 | F |
| ALTERNATIVE INVESTMENTS | $77,199,827 | F |
| INTEREST RATE SWAP |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $81,550,318 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES | $786,745 |
| POST-RETIREMENT POST EMPLOYMENT BENEFITS | $2,094,059 |
| INTEREST RATE SWAP | $601,374 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,482,178 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $61,640,617 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $330,891 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$48,461,348 | OtherRevenueAmt |
| Revenue Not Reported | -$48,130,457 | RevenueNotReportedAmt |
| Revenue Subtotal | $109,771,074 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $623,331 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $623,331 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $110,394,405 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $61,991,498 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$48,461,348 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$48,461,348 | ExpensesNotReportedAmt |
| Expenses Subtotal | $110,452,846 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $623,331 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $623,331 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $111,076,177 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part XI, Line 4(b) Scholarships | Scholarships awarded are shown net of revenue on the audited financial statements. |
| Schedule D, Part III, Line 1a Collections of art - financial statement footnote | Collections and Works of Art: Collections (musical instruments, historical treasures and similar treasures held as part of collections), which were acquired through purchases or contributions since the College's inception, are not reflected in the statements of financial position. As of May 31, 2020 and 2019, the insured value of these items was approximately $4.7 million. In addition, as of May 31, 2020 and 2019, the College has a Life Estate interest in artwork and museum furnishings valued at approximately $4.4 million. |
| Schedule D, Part III, Line 4 Collections of art - description of collections | Teaching, research, exhibition and publication are the foremost ongoing goals of the Gallery's permanent collection. To best serve the Lake Forest College community and its non-community constituents, the Gallery will continue to collect the best of the past and the present, acquiring art that is of high aesthetic quality and historic importance, objects representative of major period styles and significant movements and directions, objects consonant with the Gallery's current holdings. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | The College's Endowment provides revenue to support the general operations of the College primarily for academic and scholarship programs. Individual funds are managed by the donor's intent. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The College has received a determination letter from the Internal Revenue Service indicating that it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code of 1986 and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements as the College had no material unrelated business income in fiscal years 2020 and 2019. The College follows guidance issued by the FASB, ASU 2009-06, Income Taxes, with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The College recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The College has no amounts accrued for interest or penalties as of May 31, 2020. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The College has determined that its tax provisions satisfy the more likely than not criterion and that no provision for income taxes is required at May 31, 2020. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | Scholarships - -48461348 |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | Scholarships - -48461348 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | false | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | The College uses its website, posters and its recruitment literature to advertise its nondiscrimination policy. At least 40 percent of the students come from outside the Illinois region, so this method has been more effective than using newspaper or broadcasting media. |
| Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT | The College receives funds form the Department of Education on behalf of students. Programs include the Federal Pell Grant Program, Federal Supplemental Opportunity Grant, Federal Perkins Loan Program, Federal Direct Lending, and Federal Work-Study Program. The College also receives grants from the National Science Foundation. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships | GrantTypeTxt |
| Recipient | 1571 | RecipientCnt |
| Cash Grant | $48,461,348 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | Scholarships are awarded to students on the basis of need and merit. The amount of the award is applied directly to the students account. All records and amounts are substantiated in the records of the Financial Aid Office. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEPHEN D SCHUTT | ||||||||||||||
| PRESIDENT | $437,713 | $0 | $0 | $0 | $10,978 | $0 | $19,600 | $0 | $68,982 | $0 | $537,273 | $0 | $0 | $0 |
| CHRISTOPHER ELLERTSON | ||||||||||||||
| VICE PRESIDENT FOR ENROLLMENT | $208,709 | $0 | $0 | $0 | $2,230 | $0 | $15,055 | $0 | $12,131 | $0 | $238,125 | $0 | $0 | $0 |
| PHILIP HOOD | ||||||||||||||
| VP DEVELOPMENT/ALUMNI RELATIONS & SECRETARY | $210,045 | $0 | $0 | $0 | $1,080 | $0 | $14,703 | $0 | $325 | $0 | $226,153 | $0 | $0 | $0 |
| DAVIS SCHNEIDERMAN | ||||||||||||||
| PROVOST AND DEAN OF FACULTY | $175,104 | $0 | $0 | $0 | $7,417 | $0 | $13,437 | $0 | $29,128 | $0 | $225,086 | $0 | $0 | $0 |
| LORI SUNDBERG | ||||||||||||||
| VP FOR FINANCE AND PLANNING | $189,367 | $0 | $0 | $0 | $1,854 | $0 | $13,615 | $0 | $10,871 | $0 | $215,707 | $0 | $0 | $0 |
| ANDREA CONNER | ||||||||||||||
| DEAN OF STUDENTS | $151,837 | $0 | $0 | $0 | $243 | $0 | $11,748 | $0 | $24,216 | $0 | $188,044 | $0 | $0 | $0 |
| JACQUELINE SLAATS | ||||||||||||||
| VP FOR CAREER ADVANCEMENT AND ATHLETICS | $175,530 | $0 | $0 | $0 | $1,065 | $0 | $12,554 | $0 | $9,527 | $0 | $198,676 | $0 | $0 | $0 |
| RICHARD J BARTOLOZZI | ||||||||||||||
| SENIOR DIRECTOR GIFT PLANNING | $147,265 | $0 | $0 | $0 | $874 | $0 | $12,046 | $0 | $10,203 | $0 | $170,388 | $0 | $0 | $0 |
| MARTIN RIEDEL | ||||||||||||||
| CHIEF INFORMATION OFFICER | $142,298 | $0 | $0 | $0 | $1,581 | $0 | $0 | $0 | $20,997 | $0 | $164,876 | $0 | $0 | $0 |
| DAVID SIEBERT | ||||||||||||||
| DIRECTOR OF FACILITIES MANAGEMENT | $129,050 | $0 | $0 | $0 | $1,228 | $0 | $10,928 | $0 | $20,070 | $0 | $161,276 | $0 | $0 | $0 |
| ROBERT BAADE | ||||||||||||||
| PROFESSOR OF ECONOMICS | $119,957 | $0 | $0 | $0 | $715 | $0 | $10,502 | $0 | $28,015 | $0 | $159,189 | $0 | $0 | $0 |
| JANET MCCRACKEN | ||||||||||||||
| PROFESSOR OF PHILOSOPHY | $132,398 | $0 | $0 | $0 | $1,077 | $0 | $10,129 | $0 | $9,885 | $0 | $153,489 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Housing allowance or residence for personal use | On-campus housing is provided to the President as a condition of employment and is non-taxable under IRC 119. |
| Schedule J, Part I, Line 1a Personal services | The College purchases cleaning services for the President's on-campus housing due to hosting College sponsored events at this location. The services are non-taxable. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Illinois Finance Authority | ||||||||
| A | 861091967 | 45200FMP1 | 2008-08-21 | $6,000,000 | Construction Recreation Facility | false | false | false |
| Illinois Finance Authority | ||||||||
| B | 861091967 | 45203HJU7 | 2012-07-24 | $16,375,152 | Construction of Residence Hall | false | false | false |
| Illinois Finance Authority Revenue Refunding | ||||||||
| C | 861091967 | 000000000 | 2014-10-17 | $18,275,000 | Refinance 1998 Bonds | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $0 | $0 | $6,044,822 | $0 | $0 | $0 | $138,011 | $0 | $0 | $5,906,811 | $0 | $0 | 2010 | false | false | Yes (true) | Yes (true) |
| B | $1,490,152 | $0 | $16,407,406 | $1,124,866 | $793,937 | $0 | $319,200 | $0 | $0 | $14,169,403 | $0 | $0 | 2013 | false | false | Yes (true) | Yes (true) |
| C | $5,735,000 | $0 | $18,275,000 | $0 | $0 | $0 | $290,831 | $0 | $0 | $0 | $17,984,169 | $0 | 2014 | Yes (true) | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) | |
| B | false | false | Yes (true) | false | 0.0001 | 0.0 | 0.0001 | false | false | Yes (true) | Yes (true) |
| C | false | false | false | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||||||
| A | false | false | false | Yes (true) | Yes (true) | false | false | false | Yes (true) | |||
| (no name) | ||||||||||||
| B | false | false | false | Yes (true) | false | false | false | false | Yes (true) | |||
| Northern Trust Bank | ||||||||||||
| C | false | false | false | Yes (true) | Yes (true) | Yes (true) | false | false | Yes (true) | 10.0 | false | false |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part IV, Line 2c Schedule K, Part IV, Line 2c | Schedule K, Part IV, Line 2c-08/21/2008 6,000,000 Illinois Finance Authority - Arbitrage Analysis was performed by the Arbitrage Group through July 2018. The results indicated that there was no rebate liability. Schedule K, Part IV, Line 2c-07/24/2012 16,375,152 Illinois Finance Authority - Arbitrage Analysis was performed by the Arbitrage Group on through May 2019. The results indicate that there is no rebate liability. Schedule K, Part IV, Line 2c-10/01/2014 18,275,000 Illinois Finance Authority - Arbitrage Analysis was performed by the Arbitrage Group on through October 17, 2019. The results indicate that there is no rebate liability. |
| Schedule K, Part V Different Procedures to Undertake Corrective Action | Issuer name: Illinois Finance Authority The proceeds of issue differs from the reported bond issue due to investment earnings on invested bond proceeds. |
| Schedule K, Part IV, Line 2c COLUMN A | Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 07/31/2018 |
| Schedule K, Part IV, Line 2c COLUMN B | Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 05/31/2019 |
| Schedule K, Part IV, Line 2c COLUMN C | Issuer name: Illinois Finance Authority Revenue Refunding The calculation for computing no rebate due was performed on 10/17/2019 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Method Of Determining Revenues | NONE | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Method Of Determining Revenues | NONE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 67 | ContributionCnt |
| Noncash Contributions Rpt F990 | $5,792,976 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I, Line 33 Schedule M, Part I, LIne 33 | The College does not capitalize works of art in its collection, as allowed under SFAS 116. Number of contributions in Column (B) refers to number of gifts and not the number of items. Gifts of Art include framed paintings and art gallery. Gifts of Public Traded Securities are counted by individual donors and type of stock. These gifts are valued by averaging the high and low market prices as of the date of gift. |
| Schedule M, Part I Explanations of reporting method for number of contributions | Art - Works of art - The College is reporting the number of contributions. Securities - Publicly traded - The College is reporting the number of contributions. Books and publications - The College is reporting the number of contributions. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d Description of other program services | (Expenses $ 4,867,597 including grants of $)(Revenue $ 8,123) Academic support includes the cost of the library (facilities, salaries, acquisitions), other types of academic support for students and the costs of administration in academics (e.g. administrative assistants, hiring expenses, personnel of Deans offices). |
| Form 990, Part VI, Line 1a Part VI, Line 1a | The Executive Committee shall consist of the Chairperson of the Board, the Vice Chairpersons of the Board, the Secretary of the Board, the President of the College, the Chairperson and Vice-Chairperson of the Committee on Trustees, and such other Trustees as may be elected to the Executive Committee by the Board of Trustees. Only present Charter Trustees shall be entitled to vote or need be counted for purposes of a quorum at meetings of the Executive Committee. The Executive Committee shall serve at the pleasure of the Board of Trustees and shall have interim general charge of the affairs of the College. The Executive Committee shall have power to act and to exercise all authority vested in the Board between regular meetings of said Board, except for the following, which shall be reserved for the Board: presidential selection and termination; Trustee and Board-officer election; changes in institutional mission and purposes; changes to the Charter, Articles of Incorporation, and Bylaws; incurring of College indebtedness; sale of College assets or tangible property; adoption of the annual budget; and conferral of degrees. The Executive Committee shall assist the Chairperson of the Board and President with their joint responsibility to help the Board function effectively and efficiently by suggesting Board meeting agenda items and periodically assessing the quality of committee work. The Committee shall report its actions at the next meeting of the Board of Trustees. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | The College provides a copy of the Form 990 to the Board of Trustees on a secure website prior to filing the form with the IRS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | All Interested Persons are required to disclose conflicts annually. Forms are sent to Board Members, Senior Administrators, and all Department Managers. The Secretary of the College accumulates all disclosure statements for Board Members and furnishes them to the Chairman of the Board. The Secretary of the College reports to the Chairman of the Board those individuals who fail to furnish an annual statement. Board Members and Senior Administrators who have declared a conflict of interest, or who have been found to have a conflict of interest, shall refrain from participating in any proposed transactions involving outside interest held by the Board Member or Senior Administrator. This includes consideration of the transaction or voting, unless the Board or Administration requests information or interpretation for special reasons that are stated on the record or in writing. Should a determination regarding the existence of a conflict of interest matter required an Executive Committee or Board vote to resolve, those concerned shall not be present at the time of the vote. The VP of Finance and Controller collects and reviews the forms which are not Board Members or Senior Administrators. Compliance is checked by the VP of Finance and Controller, and conflicts are resolved with the review of the President. Noncompliance is a performance issue and appropriate actions are taken. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | The College has a Total Compensation Philosophy which has been approved by the Compensation Committee of the Board of Trustees and has been communicated to all staff. Compensation for the President is targeted at the median of the defined peer group. The peer group of colleges includes the Associated Colleges of the Midwest (ACM) and the Great Lakes Colleges Association (GLCA). The Compensation Committee periodically reviews IRS Form 990 filings from both groups as well as the ACM and GLCA and CUPA surveys to ensure that total compensation levels for the President conforms to the approved total compensation policy. These procedures were undertaken in our fiscal year which was June 1, 2019 through May 31, 2020, and calendar year 2019. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | The College has a Total Compensation Philosophy which has been approved by the Compensation Committee of the Board of Trustees and has been communicated to all staff. Compensation for the Officers and Key Employees (President, VP of Development, VP for Finance and Planning, Provost and Dean of the Faculty, Dean of Student Affairs, VP of Enrollment, Athletics Director) is targeted at the median of the defined peer group. The peer group of colleges includes the Associated Colleges of the Midwest (ACM) and the Great Lakes Colleges Association (GLCA). The Compensation Committee periodically reviews IRS Form 990 filings from both groups as well as the ACM and GLCA and CUPA surveys to ensure that total compensation levels for the Officers conforms to the approved total compensation policy. These procedures were undertaken in our fiscal year which was June 1, 2019 through May 31, 2020, and calendar year 2019. |
| Form 990, Part VI, Line 19 Required documents available to the public | Documents are available on the College's internal website, and available upon request if intranet access is not granted. Also the form is available for public information through external websites. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Change in Beneficial Interest in trusts held by others and change in Split Interest Agreements - -38237; Change in Post Retirement/ Post Employment Liability - -18994; Change in debt swap value - -789330; |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LFC Investment Holdings LP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 S Tryon St Suite 3500 | AddressLine1Txt |
| Address Line2 | Global Endowment | AddressLine2Txt |
| City | Charlotte | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364797996 | EIN |
| Primary Activities | Investments | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | na | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | Related | PredominantIncomeTypeTxt |
| Share Of Total Income | $4,128,579 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $76,570,922 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| UBI Code V | $169,506 | UBICodeVAmt |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
| Ownership | 1 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charitable Remainder Trusts (5) | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 N Sheridan Rd | AddressLine1Txt |
| City | Lake Forest | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60045 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Trusts | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | Trust | EntityTypeTxt |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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