2021-04-05T10:44:17-05:00 2020-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2019-07-01 362167804 NATIONAL LOUIS UNIVERSITY % MARTY MICKEY VP OF FINANCE NATI 8479475580 1000 CAPITOL DRIVE WHEELING IL 60090 MARTY MICKEY VP OF FINANCE 8479475580 2020-11-15 true Lauren R Denton P01571860 2604604000 2019 2022-09-23 18:48:47Z NIVINE MEGAHED PRESIDENT 122 S MICHIGAN AVE CHICAGO IL 60603 137124679 false X WWW.NL.EDU X 1912 IL NLU IS AN INCLUSIVE, INNOVATIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES THAT INSPIRE & EMPOWER LEARNERS AS THEY PREPARE FOR & ADVANCE IN MEANINGFUL LIVES & PRODUCTIVE CAREERS 18 18 1792 18 0 0 12906003 11403033 82759688 93624032 1038268 891323 799042 694571 97503001 106612959 4000369 5188223 0 0 57778462 63915335 0 0 2246784 35060005 34265033 96838836 103368591 664165 3244368 109741867 111711059 37155740 37081984 72586127 74629075 NATIONAL LOUIS UNIVERSITY IS AN INCLUSIVE, INNOVATIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES THAT INSPIRE AND EMPOWER ALL LEARNERS AS THEY PREPARE FOR AND ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS. false false 83793766 5188223 94318603 INSTRUCTION - THE UNIVERSITY SERVED 9,735 STUDENTS IN ITS VARIOUS PROGRAMS OF INSTRUCTION. 10142866 PUBLIC SERVICE - THE UNIVERSITY PROVIDES A NUMBER OF EDUCATIONAL AN CULTURAL PROGRAMS FOR THE GENERAL COMMUNITY. 93936632 true true false true false false false false false true true false false false true false true false true true true false false false false false false false true true true false false false false false false false false false false false false false false false true false false false true 132 0 1792 true false false false false false false false false false false false false X 18 18 true false false false false false false true true false false true true true true true true true true false IL X MARTY MICKEY VP OF FINANCE 8479475580 1000 CAPITOL DRIVE WHEELING IL 60090 NIVINE MEGAHED PRESIDENT 50.0 0.0 X 811245 0 45952 AARTI DHUPELIA VP, UNDERGRADUATE EDUCATION 50.0 0.0 X 288783 0 26101 ALISON HILSABECK PROVOST 50.0 0.0 X 270796 0 15851 ROBERT MULLER DEAN, NATIONAL COLLEGE OF EDU. 50.0 0.0 X 215984 0 31556 MARTY MICKEY TREASURER & VP, FINANCE 50.0 0.0 X 192855 0 52826 RICHARD YACONIS VP, ENROLLMENT AND MARKETING 50.0 0.0 X 197098 0 38346 CAROLE WOOD VP, ADVANCEMENT 50.0 0.0 X 221866 0 12134 THOMAS BERGMANN VP, HUMAN RESOURCES 50.0 0.0 X 196467 0 27210 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 50.0 0.0 X 199410 0 23894 MICHAEL CARR DEPUTY PROVOST 50.0 0.0 X 154081 0 39779 JUDAH VIOLA DEAN, COLLEGE OF PROF. STUDIES 50.0 0.0 X 155602 0 37184 STEVEN NEER VICE PROVOST ADVIS & UN. REG. 50.0 0.0 X 157741 0 27293 HARRINGTON GIBSON ASSOCIATE PROFESSOR 50.0 0.0 X 158443 0 12561 DIANE TRAUSCH SEC. & DIR. OF BOARD RELATIONS 50.0 0.0 X 91700 0 6692 SAIB OTHMAN SINCE 919 PROVOST 50.0 0.0 X 72058 0 2325 SCOTT C SMITH TRUSTEE, CHAIRMAN OF BOARD 4.0 0.0 X 0 0 0 THOMAS J FORMOLO TRUSTEE, VICE CHAIR OF BOARD 4.0 0.0 X 0 0 0 JUAN C AVILA TRUSTEE 1.0 0.0 X 0 0 0 PENNY BROWN TRUSTEE 1.0 0.0 X 0 0 0 JULIE CHAVEZ TRUSTEE 1.0 0.0 X 0 0 0 PETER B CHERECWICH TRUSTEE 1.0 0.0 X 0 0 0 MICHELLE L COLLINS TRUSTEE 1.0 0.0 X 0 0 0 JANET FROETSCHER TRUSTEE 1.0 0.0 X 0 0 0 JACK D FURST TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY R KULWIN TRUSTEE 1.0 0.0 X 0 0 0 J MICHAEL LOCKE TRUSTEE 1.0 0.0 X 0 0 0 R TIGHE MAGNUSON TRUSTEE 1.0 0.0 X 0 0 0 RICHARD H MALONE TRUSTEE 1.0 0.0 X 0 0 0 OLIVER R MERRILL TRUSTEE 1.0 0.0 X 0 0 0 KATHLEEN P NIXON TRUSTEE 1.0 0.0 X 0 0 0 LOUISE L PERRIN TRUSTEE 1.0 0.0 X 0 0 0 IAN G ROSS TRUSTEE 1.0 0.0 X 0 0 0 MARIO M TRICOCI TRUSTEE 1.0 0.0 X 0 0 0 3384129 0 399704 47 false true false MOTION AGENCY 325 N LASALLE DR STE 500 CHICAGO IL 60654 ADVERTISING 1275764 HELIX EDUCATION INC PO BOX 894 SALT LAKE CITY UT 84110 ONLINE EDU SERVICES 2238057 PEPPER CONSTRUCTION 643 N ORLEANS ST CHICAGO IL 60654 CONSTRUCTION 8008167 GALLAGHER BENEFIT SERVICES PO BOS 95148 CHICAGO IL 60694 INSURANCE 490735 CDW GOVERNMENT INC 200 N MILWAUKEE AVE VERNON HILLS IL 60061 COMPUTER PROVIDER 549868 28 9725040 1677993 11403033 TUITION AND FEES 611710 91202085 91202085 SALES AND SERVICES OF EDUCATIONAL ACTIVITIES 611710 1480247 1480247 AUXILIARY ENTERPRISES 721000 941700 941700 93624032 1256943 1256943 0 0 463191 535500 -72309 0 -72309 -72309 29610600 29976220 -365620 -365620 -365620 0 0 0 0 0 0 0 0 0 OTHER 900099 766880 766880 766880 106612959 94318603 891323 0 5188223 5188223 0 0 3265927 1943227 342922 979778 0 48262800 44330645 3243999 688156 1683928 1546854 113085 23989 6985286 6415661 469936 99689 3717394 3414793 249644 52957 0 215395 215395 105323 105323 55238 55238 0 112836 112836 7814003 6747727 992313 73963 922762 805816 20127 96819 4294481 4232695 60211 1575 0 0 10265335 9549447 590602 125286 595919 545723 48834 1362 0 612455 505325 102450 4680 480276 439795 33397 7084 0 2801210 2565105 194785 41320 430413 395377 28904 6132 OTHER 5559387 5310219 205174 43994 103368591 93936632 7185175 2246784 0 0 12339650 9488551 826361 435569 6771084 6983450 0 0 0 0 1202892 1112212 0 0 1233381 854835 91543431 33235225 51110444 58308206 34550067 33027985 1707988 1500251 0 0 0 0 0 0 109741867 111711059 7345341 6766060 0 0 2404271 4218616 26200678 25149863 0 0 0 0 0 0 0 0 1205450 947445 37155740 37081984 X 55356990 58109776 17229137 16519299 72586127 74629075 109741867 111711059 X 3244368 -565759 -635661 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 55238 false false 55238 false false Part II-B DURING 2019-20, THE UNIVERSITY UTILIZED THE SERVICES OF THE PUBLIC STRATEGIES FIRMS OF CONLON & DUNN AND CHRISTOPHER DUNN & ASSOCIATES, TO ASSIST IN ARRANGING MEETINGS WITH VARIOUS LEGISLATORS IN THE STATE OF ILLINOIS FOR THE PURPOSE OF INFORMING SUCH LEGISLATORS ABOUT PROPOSED EDUCATION LEGISLATION FOR WHICH THE UNIVERSITY INCURRED $50,238 AND $5,000 IN EXPENSES, RESPECTIVELY. 36099479 48420 116821 1679340 34585380 36458085 21739 1381839 1762184 36099479 36561402 35078 1828073 1966468 36458085 31506613 2559371 3194104 698686 36561402 32694522 29051 -861155 355805 31506613 0.58000 0.42000 false false 0 1598774 1598774 0 67141984 16879852 50262132 0 6817498 6204514 612984 0 8175279 5572733 2602546 0 7809896 4578126 3231770 58308206 0 ADVANCE FROM GOVERNMENT - PERK 947445 947445 101281641 -565759 535500 -30259 101311900 112836 5188223 5301059 106612959 98603032 535500 535500 98067532 112836 5188223 5301059 103368591 SCHEDULE D, PART V, LINE 1G OF THE $34,585,380 ENDING ENDOWMENT FUND BALANCE AT JUNE 30, 2020, $20,055,777 OF THIS AMOUNT IS UNRESTRICTED QUASI-ENDOWMENT. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT ASSETS INCLUDE ASSETS THAT ARE CHARACTERIZED AS PERMANENTLY RESTRICTED AND QUASI-ENDOWMENT. SPENDING OF INCOME FROM THE PERMANENTLY RESTRICTED ENDOWMENT IS RESTRICTED TO THOSE DESIGNATIONS AS PROVIDED BY THE DONOR OF THE PERMANENTLY RESTRICTED FUNDS. SPENDING OF INCOME FROM THE QUASI-ENDOWMENT IS DESIGNATED BY THE UNIVERSITY'S BOARD OF TRUSTEES AND HELPS TO FUND THE OPERATIONS OF THE UNIVERSITY. SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI & XII, LINE 2D EXPENSES OF $535,500 RELATED TO THE UNIVERSITY'S RENTAL INCOME WERE INCLUDED IN THE EXPENSE SECTION OF THE UNIVERSITY'S STATEMENT OF ACTIVITIES. SCHEDULE D, PART XI & XII, LINE 4B STUDENT SCHOLARSHIPS OF $5,188,223 WAS INCLUDED IN THE INCOME SECTION OF THE UNIVERSITY'S STATEMENT OF ACTIVITIES. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE UNIVERSITY CUSTOMARILY DRAWS THE MAJORITY OF ITS STUDENTS FROM THE LOCAL COMMUNITIES IT SERVES AND IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS WHICH IS INCLUDED IN THE UNIVERSITY'S CATALOG AND ADMISSION AND APPLICATION INFORMATION. FURTHER, THE UNIVERSITY'S PROMOTION ACTIVITIES AND RECRUITING EFFORTS ARE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS OF THE PROGRAM IT HAS AVAILABLE. SCHEDULE E, PART I, LINE 6A THE UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT. EUROPE CONTRIBUTION REVENUE 15000 CENTRAL AMERICA/CARIBBEAN CONTRIBUTION REVENUE 50000 SOUTH AMERICA CONTRIBUTION REVENUE 70000 EAST ASIA AND THE PACIFIC CONTRIBUTION REVENUE 30000 165000 165000 false false false false false false SCHEDULE F DURING FISCAL YEAR 2020, THE UNIVERSITY RECEIVED CONSIDERATION TOTALLING $165,000 FROM HIGHER EDUCATION INSTITUTIONS IN TURKEY, CHILE, PANAMA AND MALAYSIA UNDER AGREEMENTS WHEREBY EACH INSTITUTION UTILIZED CERTAIN CULINARY CURRICULUM OF THE UNIVERSITY AND THE UNIVERSITY PROVIDED CERTAIN OVERSIGHT OVER THE CULINARY INSTRUCTION AT EACH INSTITUTION. IN CONNECTION WITH SUCH AGREEMENTS, THE UNIVERSITY INCURRED PERSONNEL AND TRAVEL EXPENSES BY CERTAIN MEMEBERS OF ITS CULINARY FACULTY TO VALIDATE THE APPROPRIATE UTILIZATION OF SUCH CURRICULUM. true SCHOLARSHIPS 2139 5188223 SCHEDULE I Each fiscal year the president's leadership team determines the amount of scholarships and discounts for the year. Awards are based on different criteria and are tracked within the approved budget. Student aid is handled by the student finance office and credited directly to the student's account. Each student applies for SCHOLARSHIPS by filling out the free application for federal student aid (FAFSA). The award is based on information provided in this application. Students can also apply for grants and scholarship based on eligibility. X true true X X X X X X false true false false false false false false false NIVINE MEGAHED PRESIDENT 409568 80700 320977 16700 29252 857197 AARTI DHUPELIA VP, UNDERGRADUATE EDUCATION 193211 95512 60 11862 14239 314884 ALISON HILSABECK PROVOST 172315 98100 381 11550 4301 286647 ROBERT MULLER DEAN, NATIONAL COLLEGE OF EDU. 196528 19060 396 12240 19316 247540 CAROLE WOOD VP, ADVANCEMENT 184576 18700 18590 11844 290 234000 RICHARD YACONIS VP, ENROLLMENT AND MARKETING 177640 19200 258 10483 27863 235444 MARTY MICKEY TREASURER & VP, FINANCE 164897 27700 258 10800 42026 245681 THOMAS BERGMANN VP, HUMAN RESOURCES 174061 22148 258 10677 16533 223677 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 177870 21402 138 10318 13576 223304 MICHAEL CARR DEPUTY PROVOST 136443 17500 138 8633 31146 193860 JUDAH VIOLA DEAN, COLLEGE OF PROF. STUDIES 139246 16300 56 8920 28264 192786 STEVEN NEER VICE PROVOST ADVIS & UN. REG. 140151 17500 90 8328 18965 185034 HARRINGTON GIBSON ASSOCIATE PROFESSOR 149636 8785 22 4023 8538 171004 SCHEDULE J, PART 1, LINE 1A THE UNIVERSITY HAS A MEMBERSHIP IN A LOCAL SOCIAL CLUB THAT IS IN THE PRESIDENT'S NAME WHICH IS FOR THE PURPOSE OF HELPING PROMOTE AND CONDUCT BUSINESS ON BEHALF OF THE UNIVERSITY. THE SOCIAL CLUB MEMBERSHIP IS USED 100 PERCENT FOR BUSINESS AND THE PRESIDENT USES THE ACCOUNTABLE PLAN RULES FOR DOCUMENTING THE BUSINESS USE. SCHEDULE J, PART I, LINE 4B THE UNIVERSITY CURRENTLY HAS A 457(F) DEFERRED COMPENSATION PLAN IN PLACE WITH THE UNIVERSITYS PRESIDENT WHEREBY THE UNIVERSITY MAKES AN ANNUAL CONTRIBUTION INTO THE PLAN WHERE THE FUNDS ARE INVESTED IN ACCORDANCE WITH THE PLAN GUIDELINES. FOR FISCAL YEAR ENDED JUNE 30, 2020, THE UNIVERSITY CONTRIBUTED $100,000 INTO THE PLAN. THE PLAN CURRENTLY PROVIDES THAT IF THE UNIVERSITY PRESIDENT REMAINS EMPLOYED BY THE UNIVERSITY FOR THREE YEARS AND ACHIEVES CERTAIN OBJECTIVES, THE BALANCE IN THE PLAN AT THE END OF SUCH THREE YEAR PERIOD VESTS AND IS PAID TO THE UNIVERSITY PRESIDENT AT THAT TIME. IN JUNE 2019, THE THREE-YEAR VESTING PERIOD FROM JULY 1, 2016 JUNE 30, 2019 WAS COMPLETED AND A PAYMENT OF $298,872 WAS PROVIDED TO THE PRESIDENT FROM THE PLAN REPRESENTING THE ACCMULATED BALANCE IN THE PLAN FOR THAT THREE-YEAR PERIOD. THIS AMOUNT IS INCLUDED ON THE PRESIDENTS CALENDAR YEAR 2019 W-2 AND IS RECORDED IN PART II, COLUMN (B)(III) ON SCHEDULE J. SCHEDULE J, PART II, LINE 2 & 3, COLUMN I & II, COMPENSATION AND BONUS TO RETAIN TALENT WITHIN THE UNIVERSITYS EXECUTIVE TEAM, THE BOARD OF TRUSTEES APPROVES RETENTION CONTRACTS FOR CERTAIN OFFICERS. THE CONTRACTS STATE IF THE OFFICER MEETS AGREED UPON OBJECTIVES AND IS STILL WORKING WITH THE UNIVERSITY AT THE END OF A THREE YEAR PERIOD, A RETENTION BONUS IS PAID. DURING CALENDAR YEAR 2019, RETENTION BONUSES WERE PAID TO AARTI DHUPELIA AND ALISON HILSABECK IN THE AMOUNTS OF $75,000 AND $75,000, RESPECTIVELY, FOR SERVICES PERFORMED OVER FISCAL YEARS 2017-2019. THESE PAYMENTS ARE INCLUDED ON THE OFFICERS CALENDAR YEAR 2019 W-2 AND RECORDED IN PART II, COLUMN (B)(ii) ON SCHEDULE J. In JULY 2019, RETENTION CONTRACTS WERE APPROVED FOR AARTI DHUPELIA AND MARTY MICKEY FOR THE UPCOMING THREE-YEAR PERIOD. IN CONNECTION THEREWITH, THESE OFFICERS WILL EARN $75,000 AT THE END OF THE THREE YEAR PERIOD (JUNE 30, 2022), IF THEY ACHIEVE THE OBJECTIVES UNDER THE PLAN. A ILLINOIS FINANCE AUTHORITY 861091967 2019-05-07 26500000 SEE PART VI false false false A 1060000 0 26500000 0 125000 17624383 301331 0 0 8449286 0 0 2020 true false true true A false false false false 0 false false false true A false true false false 0 false 0 false true A true PART I, LINE F THE BONDS ISSUED ON MAY 7, 2019 WERE USED TO (I) REFUND ALL OF THE CURRENTLY OUTSTANDING BONDS FROM THE ILLINOIS EDUCATIONAL FACILITIES AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS, NATIONAL LOUIS UNIVERSITY SERIES 1999A&B (THE SERIES 1999 BONDS); (II)FINANCE, REFINANCE AND REIMBURSE CERTAIN COSTS OF THE CONSTRUCTION AND EQUIPPING OF THE UNIVERSITYS EDUCATIONAL FACILITIES AT 18 S. MICHIGAN, CHICAGO, ILLINOIS; AND PAY CERTAIN EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE ILLINOIS FINANCE AUTHORITY $26,500,000 SERIES 2019 BONDS AND THE REFUNDING OF THE SERIES 1999 BONDS. FORM 990, PART VI, SECTION A, LINE 2 DR. NIVINE MEGAHED, PRESIDENT OF THE UNIVERSITY, AND THOMAS FORMOLO, UNIVERSITY TRUSTEE, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARATION AND REVIEW PROCESS FOLLOWED BY THE UNIVERSITY WITH RESPECT TO THE FORM 990 IS AS FOLLOWS: THE 990 INFORMATION IS PREPARED BY THE UNIVERSITY'S ACCOUNTING DEPARTMENT AND THEN THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. A DRAFT COPY IS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY UNDER WHICH THE UNIVERSITY'S TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE TO THE PRESIDENT'S OFFICE ANY CONFLICTS OF INTEREST THAT THEY MAY HAVE WITH THE UNIVERSITY. IF A CONFLICT OF INTEREST WAS DISCLOSED, THE PERSON WITH THE CONFLICT WOULD RECUSE THEMSELVES FROM ANY DISCUSSION REGARDING THE PERTINENT ITEM. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE UNIVERSITY'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE WHO HAS THE RESPONSIBILITY AND AUTHORITY TO REVIEW AND APPROVE ALL CURRENT AND FUTURE COMPENSATION MATTERS FOR THE UNIVERSITY'S PRESIDENT, INCLUDING BUT NOT LIMITED TO BASE PAY, BONUS OR INCENTIVE PAY, DEFERRED COMPENSATION AND FRINGE BENEFITS. THE BOARD SETS COMPENSATION GUIDELINES FOR VICE PRESIDENTS AND DEANS AND REGULARLY REVIEWS UPDATED COMPENSATION RANGES AND VICE PRESIDENT AND DEAN SALARIES. FORM 990, PART VI, SECTION C, LINE 19 NATIONAL LOUIS UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN INTEREST RATE SWAP $(635,661) CHARITABLE REMAINDER TRUST (1) CRT IL NLU TRUST false false false false false false false false false false false false false false false false false false false