2021-07-13T19:30:37-05:00 2020-08-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-09-01 362167854 Roosevelt University ROOS 3123413580 430 South Michigan Avenue Chicago IL 60605 Arlene R Regnerus Interim VP & CFO 2021-07-13 true Nicole Bencik P00756195 3128997000 2019 2022-09-23 18:48:47Z Ali Malekzadeh 430 South Michigan Avenue Chicago IL 60605 161562805 false X WWW.ROOSEVELT.EDU X 1945 IL Education of academically qualified students from diverse backgrounds and all ages to benefit from rigorous higher education and professional development in a dynamic environment. 31 25 2499 39 -1412805 0 30046313 12669468 115720983 129667048 6579342 2960036 -424281 -978824 151922357 144317728 31896029 39442426 0 0 63810687 66079190 52427 0 3417589 54393917 49706667 150153060 155228283 1769297 -10910555 422474684 451950632 280546535 307417536 141928149 144533096 Roosevelt University is an independent, non-profit, metropolitan university and national leader in educating socially conscious citizens for active and dedicated lives as leaders in their professions and their communities. The University's student-centered faculty and staff inspire academically qualified students from diverse backgrounds and all ages to benefit from rigorous higher education and professional development opportunities. false false 128057860 39442426 129687478 ROOSEVELT UNIVERSITY OFFERS PROGRAMS AND SERVICES THAT REINFORCE ITS STUDENT-CENTERED MISSION. THE UNIVERSITY OFFERS MORE THAN 100 UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS AND IS COMMITTED TO THE HIGHEST ACADEMIC STANDARDS FOR ALL PROGRAMS. CLASS SCHEDULES ARE FLEXIBLE. COURSES ARE OFFERED FROM EARLY MORNING UNTIL LATE AT NIGHT, AS WELL AS ON WEEKENDS. ADDITIONALLY, THE UNIVERSITY OFFERS MORE THAN 100 ONLINE CLASS SECTIONS EACH SEMESTER WITH COURSE ENROLLMENTS EXCEEDING 2,000 STUDENTS. FULLY ONLINE DEGREE PROGRAMS ARE AVAILABLE. CLASS SIZES ARE SMALL. AT THE UNDERGRADUATE LEVEL, THE AVERAGE CLASS SIZE IS 18 AND FOR THE GRADUATE LEVEL, THE AVERAGE CLASS SIZE IS 17. ROOSEVELT SERVES 2,321 UNDERGRADUATE AND 1,750 GRADUATE STUDENTS. THE FOLLOWING IS A LISTING OF THE APPROXIMATE NUMBER OF STUDENTS BY COLLEGE: ARTS & SCIENCES - 2,000 STUDENTS; EDUCATION - 500 STUDENTS; PERFORMING ARTS - 500 STUDENTS; BUSINESS - 900 STUDENTS AND PHARMACY - 200 STUDENTS. 9589392 ROOSEVELT UNIVERSITY PROVIDES SUPPORT SERVICES THAT FOSTER LEARNING AND STUDENT SUCCESS ON CAMPUS. THESE SERVICES INCLUDE: FACULTY- LED EXPERIENTIAL LEARNING OPPORTUNITIES, THE ACADEMIC SUCCESS CENTER, CAREER SERVICES, COUNSELING CENTER, DISABILITY SERVICES, LEARNING COMMUNITIES, HEALTH & WELLNESS PROGRAMS, INTERNATIONAL PROGRAMS AND TUTORING. 493088 ROOSEVELT UNIVERSITY'S COMMITMENT TO SOCIAL JUSTICE IS DEEPLY ROOTED IN ITS HISTORY AND IS REFLECTED IN ITS MISSION, STRATEGIC PLAN, RESEARCH AND LEARNING OPPORTUNITIES BOTH IN AND OUTSIDE OF THE CLASSROOM. THE MANSFIELD INSTITUTE FOR SOCIAL JUSTICE AND TRANSFORMATION, CREATED IN 1999 THROUGH A GIFT FROM THE MANSFIELD FOUNDATION, PROVIDES ROOSEVELT UNIVERSITY WITH OPPORTUNITIES TO INTEGRATE SOCIAL JUSTICE THROUGHOUT THE CURRICULUM AND RESEARCH. THE GOAL OF THE INSTITUTE IS TO FOSTER SOCIAL CONSCIOUSNESS AMONG THE UNIVERSITY COMMUNITY THROUGH SOCIAL JUSTICE PROGRAMMING IN THE AREAS OF HUMAN RIGHTS, SOCIAL AND POLITICAL ACTION AND THE ARTS. THE CENTER FOR NEW DEAL STUDIES FEATURES RESOURCES AND ACTIVITIES THAT DEEPEN THE UNDERSTANDING OF THE LIVES OF FRANKLIN AND ELEANOR ROOSEVELT, AND OF THE SOCIAL, ECONOMIC, POLITICAL AND CULTURAL HISTORY OF THE NEW DEAL ERA IN AMERICAN HISTORY. THE CENTER SPONSORS A VARIETY OF EDUCATIONAL PROGRAMS, INCLUDING LECTURE SERIES, COURSE OFFERINGS AND PUBLICATIONS. IN ADDITION, THE CENTER CONTAINS A REMARKABLE COLLECTION OF MATERIALS ON FRANKLIN AND ELEANOR ROOSEVELT AND THE NEW DEAL. THESE INCLUDE BOOKS, DIGITAL AND PHOTOGRAPHIC MEDIA, ORAL HISTORIES, MANUSCRIPT COLLECTIONS AND THOUSANDS OF PIECES OF EPHEMERA OF INTEREST TO ROOSEVELT SCHOLARS AND RESEARCHERS OF THE NEW DEAL. 138140340 true true false false false false true false true true false false false true true false true true false true false true false true false false false true true true false true false false false false true false false false true true false false false true true true false false true 7337 0 true 2499 true true true false false false false true true false false false false false false X 31 25 false false false false false false false true true false false true true true true true true true true false X Patrick Alforque 3123412277 430 SOUTH MICHIGAN AVENUE Chicago IL 60605 BRUCE A CROWN SECRETARY 1.0 2.0 X X 0 0 0 DR ALI R MALEKZADEH PRESIDENT & CEO 38.0 1.0 X X 633852 0 76047 MAURICE SMITH VICE CHAIR 1.0 0.0 X X 0 0 0 MELVIN L KATTEN SENIOR VICE CHAIR 1.0 1.0 X X 0 0 0 Patricia Harris Chair 1.0 0.0 X X 0 0 0 ROBERT MEDNICK LIFE TRUSTEE-SENIOR VICE CHAIR 1.0 0.0 X X 0 0 0 SUSAN T BART VICE CHAIR UNTIL 6/30/2020 1.0 0.0 X X 0 0 0 ANN FORD TRUSTEE 1.0 0.0 X 0 0 0 ANNA E ROOSEVELT LIFE TRUSTEE 1.0 0.0 X 0 0 0 ANNAMAE POND TRUSTEE 1.0 0.0 X 0 0 0 ANTHONY R PASQUINELLI LIFE TRUSTEE 1.0 0.0 X 0 0 0 Bill Presutti Trustee 1.0 X 0 0 0 CHARLES R GARDNER LIFE TRUSTEE 1.0 2.0 X 0 0 0 DAVID D HILLER LIFE TRUSTEE 1.0 1.0 X 0 0 0 DONALD HUNT LIFE TRUSTEE 1.0 0.0 X 0 0 0 DR ABBY KAHALEH TRUSTEE 38.0 0.0 X 115961 0 17812 DR CAROLYN WILEY TRUSTEE 38.0 0.0 X 159339 0 19435 DR GREGORY HAUSER TRUSTEE until 6/30/2020 38.0 0.0 X 112425 0 18476 DR STEPHEN J CERRONE TRUSTEE 1.0 0.0 X 0 0 0 GERALD W FOGELSON TRUSTEE until 12/2/2019 1.0 0.0 X 0 0 0 JAMES B CONNOR TRUSTEE 1.0 0.0 X 0 0 0 JOE F HANAUER LIFE TRUSTEE 1.0 0.0 X 0 0 0 JOHN O KESHNER TRUSTEE 1.0 0.0 X 0 0 0 JOHN R HALL III TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH A PASQUINELLI TRUSTEE 1.0 0.0 X 0 0 0 LARISSA HERCZEG TRUSTEE 1.0 0.0 X 0 0 0 LOUIS S KAHNWEILER LIFE TRUSTEE 1.0 0.0 X 0 0 0 MANFRED S STEINFELD LIFE TRUSTEE 1.0 0.0 X 0 0 0 MAREK A WIERZBA TRUSTEE 1.0 0.0 X 0 0 0 MARIAN AZZARO TRUSTEE 38.0 0.0 X 82268 0 26206 MARK A CRAYTON TRUSTEE 38.0 0.0 X 65018 0 9360 MARSHA F GOLDSTEIN TRUSTEE 1.0 0.0 X 0 0 0 MAUREEN A EHRENBERG TRUSTEE 1.0 0.0 X 0 0 0 MEME HOPMAYER TRUSTEE 1.0 0.0 X 0 0 0 RENEE LOGAN LIFE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT JOHNSON LIFE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT L WIESENECK TRUSTEE 1.0 1.0 X 0 0 0 ROBERT TENUTA TRUSTEE 38.0 0.0 X 0 0 0 ROBERT Y PADDOCK TRUSTEE 1.0 0.0 X 0 0 0 RON KUBIT TRUSTEE 1.0 0.0 X 0 0 0 STEVEN H ABBEY TRUSTEE 1.0 0.0 X 0 0 0 TERRY PETERSON TRUSTEE 1.0 0.0 X 0 0 0 THOMAS GLADDEN TRUSTEE 1.0 0.0 X 0 0 0 VALERIE BARKER-WALLER TRUSTEE 1.0 0.0 X 0 0 0 Vicki Fuller Trustee 1.0 0.0 X 0 0 0 WILLIAM J KIRBY TRUSTEE UNTIL 7/1/2020 1.0 0.0 X 0 0 0 ANDREW M HARRIS TREASURER AND CFO 38.0 1.0 X 278176 0 18392 DR LOIS S BECKER PROVOST/EXEC VP ACAD AFFAIRS 38.0 0.0 X 282915 0 43852 DR MICHAEL D FORD ASSISTANT SECRETARY 38.0 0.0 X 168877 0 23278 ALEXANDRA WRIGHT GENERAL COUNSEL 38.0 0.0 X 183918 0 34812 DR ASGHAR SABBAGHI DEAN Heller College of Business until 3/31/2020 38.0 0.0 X 236650 0 39672 DR BONNIE J GUNZENHAUSER DEAN COLLEGE OF ARTS & SCIENCES until 6/8/2020 38.0 0.0 X 187302 0 27493 DR MELISSA L HOGAN DEAN COLLEGE OF PHARMACY 38.0 0.0 X 239398 0 34729 Dr Rudy Marcozzi Dean Chicago College of Performing Arts 38.0 1.0 X 183885 0 35929 DR THOMAS R PHILION DEAN COLLEGE OF EDUCATION 38.0 1.0 X 182558 0 30984 MICHAEL JON CASSIDY VICE PRESDENT ENROLLMENT MGMT 38.0 0.0 X 173113 0 38682 NEERAJ KUMAR VP INFO TECH AND CIO 38.0 0.0 X 203649 0 46655 NICOLE M BARRON VICE PRESIDENT ADVANCEMENT AND MARKETING 38.0 0.0 X 174895 0 31278 RYAN J PETTY DEAN HELLER COLLEGE OF BUSINESS 38.0 0.0 X 170105 0 22747 COLLETE ENGLISH DIXON EXEC DIR BENNETT INST RE 38.0 0.0 X 213207 0 45624 DANA L SINGLA ASSOC DEAN OF PHARMACY 38.0 0.0 X 173580 0 11854 MENG YU Dept Chair of Computer Science 38.0 0.0 X 173242 0 29971 TANWEER HASAN Professor of Finance 38.0 0.0 X 167173 0 19865 THOMAS W HAMILTON PROFESSOR OF REAL ESTATE 38.0 0.0 X 164250 0 32827 Janice L Parkin Former VP Institutional Adv 0.0 0.0 X 113698 0 6011 4839454 0 741991 92 true true false UNIVERSITY CENTER PROPERTY LLC 353 N CLARK ST STE 730 CHICAGO IL 606543453 STUDENT HOUSING 2956959 ALADDIN FOOD MANAGEMENT 16567 COLLECTIONS CENTER DR CHICAGO IL 606930001 FOOD SERVICE 1456631 JC ANDERSON INC 834 N Church Rd Elmhurst IL 601261019 GENERAL CONTRACTOR 1310298 ABM JANITORIAL SERVICES 75 REMITTANCE DRIVE SUITE 3011 CHICAGO IL 606753011 JANITORIAL SERVICES 831432 STRATA INFORMATION GROUP 3935 HARNEY ST STE 203 SAN DIEGO CA 92110 CONSULTANT 611511 43 0 0 122850 296831 5545318 6704469 408067 12669468 Tuition and fees 611310 120160670 120160670 0 0 Non Credit Programs 611310 838556 838556 0 0 Auxillary Income 611710 8667822 8667822 0 0 0 0 0 0 0 0 0 0 0 0 0 0 129667048 3686828 0 0 3686828 0 0 0 0 0 0 0 0 83565 19400 0 4165 83565 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1667265 1417175 200072 50018 Books and Periodicals 505186 429408 60622 15156 Dues and Subscriptions 367263 312173 44072 11018 2667009 2266953 320046 80010 155228283 138140340 13670354 3417589 0 0 0 0 18273943 8144996 23562278 29897656 1895298 4234507 19517203 38047402 0 0 0 0 0 0 0 0 21092781 24247335 315799797 116408829 198682998 199390968 122359339 129487531 0 17090844 17292871 0 1207366 0 0 422474684 451950632 6263725 11375254 0 0 53894766 71548567 220305912 224409875 0 0 0 0 0 0 0 0 82132 83840 280546535 307417536 X 23652606 16279734 118275543 128253362 0 0 0 0 0 0 141928149 144533096 422474684 451950632 X -10910555 9078792 0 0 0 4436710 X false true X true true true X 9484905 32680387 17087385 30046313 12669468 101968458 0 0 0 0 0 0 0 0 0 0 0 0 9484905 32680387 17087385 30046313 12669468 101968458 25461732 76506726 4171936 4274391 4800180 5792900 3789793 22829200 0 0 0 0 0 0 403010 1888326 270683 221834 475336 3259189 128056847 626563096 0.5974 0.5883 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 167124.0, COLUMN B - 83451.0, COLUMN C - 106312.0, COLUMN D - 69175.0, COLUMN E - 74400.0, COLUMN F - 500462.0; DESCRIPTION - SEMINAR LECTURE AND EVENTS, COLUMN A - 49825.0, COLUMN B - 65696.0, COLUMN C - 16130.0, COLUMN D - 21765.0, COLUMN E - 20430.0, COLUMN F - 173846.0; DESCRIPTION - MISCELLANEOUS, COLUMN A - 186061.0, COLUMN B - 99179.0, COLUMN C - 148241.0, COLUMN D - 130894.0, COLUMN E - 380506.0, COLUMN F - 944881.0; DESCRIPTION - GAIN ON NMTC UNWIND, COLUMN A - 0.0, COLUMN B - 1640000.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 1640000.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 123851536 3066423 10982915 5100560 132800314 125788450 966167 1789416 4692497 0 0 123851536 112793820 7475823 10645965 5127158 0 0 125788450 82620973 25666281 8489064 3982498 0 0 112793820 80836945 1299384 7545521 7060877 0 0 82620973 0.1527 0.5163 0.331 true false 38210635 38210635 261048827 109810893 151237934 7453716 882454 6571262 9024647 5715482 3309165 61972 0 61972 199390968 Student deposits 83840 83840 X Schedule D, Part III, Line 1a Collections of art - financial statement footnote The University has collections of valuable papers and other memorabilia that were donated to the University. These papers are on display and are used by educators, researchers, historians, and others. The value of these collections is not included in the financial statements. Schedule D, Part III, Line 4 Collections of art - description of collections The University has collections of valuable papers and other memorabilia that were donated to the University. These papers are on display and are used by educators, researchers, historians, and others. Schedule D, Part V, Line 4 Intended uses of endowment funds The Endowment Fund is intended to provide for the operation and special programs of the University. In so doing, the Endowment Fund provides a secure, long-term source of funds to establish or maintain programs which are consistent with the aim of the University. Those aims may include, but are not limited to: maintaining a chair for each of the University's educational departments; providing funds for specific research projects approved by the board; and providing scholarships. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Roosevelt, and its Theatre are not-for-profit entities as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and are exempt from federal income taxes on related income pursuant to Section 501(a) of the IRC. Roosevelt and Theatre are subject to income taxes only to the extent of unrelated business income. No provision has been made for income taxes in the accompanying financial statements, as University has had no significant unrelated business income during the year. University accounts for uncertainty in income taxes under guidance issued by the FASB. 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. As of August 31, 2020 and 2019, there were no uncertain tax positions identified. University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Forms 990 and 990-T filed by University are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Management believes the Forms 990 and 990-T have been filed appropriately. University would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. University has no amounts accrued for interest or penalties as of August 31, 2020 and 2019. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY In all recruitment publications sent to prospective students, Roosevelt University's racially nondiscriminatory policy appears. The policy states that Roosevelt University does not discriminate against regarding employment because of age, ancestry, citizenship, color, creed, disability, gender, gender identity, marital status, military status, national origin, parental status, race, religion, sexual orientation, source of income, unfavorable discharge from military service, veteran status, or as a result of being the victim of domestic or sexual violence. The policy extends to recruitment, hiring, training, compensation, promotion, demotion, transfer, layoff, termination, and other terms and conditions of employment. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The University receives significant financial support from governmental agencies in the form of grants. The disbursement of funds received under such programs generally requires compliance with terms and conditions specified in the grant agreements and is subject to audit by grantor agencies. The grant agreements provide for possible auditing of expenditures by grantor agencies and possible disallowance of certain expenditures. true East Asia and the Pacific 0 0 Grantmaking N/A 775724 South America 0 0 Grantmaking N/A 488581 Europe (Including Iceland and Greenland) 0 0 Grantmaking N/A 435436 North America (Canada & Mexico only) 0 0 Grantmaking N/A 207145 South Asia 0 0 Grantmaking N/A 171931 Sub-Saharan Africa 0 0 Grantmaking N/A 89423 Russia and Neighboring States 0 0 Grantmaking N/A 86554 Central America and the Caribbean 0 0 Grantmaking N/A 44307 Middle East and North Africa 0 0 Grantmaking N/A 51097 0 0 0 0 0 0 2350198 0 2350198 SCHOLARSHIPS East Asia and the Pacific 63 775724 Credit Accrual 0 N/A N/A SCHOLARSHIPS South America 20 488581 Credit Accrual 0 N/A N/A Scholarships Europe (Including Iceland and Greenland) 25 435436 Credit Accrual 0 N/A N/A Scholarships North America (Canada & Mexico only) 10 207145 Credit Accrual 0 N/A N/A Scholarships South Asia 28 171931 Credit Accrual 0 N/A N/A Scholarships Sub-Saharan Africa 12 89423 Credit Accrual 0 N/A N/A Scholarships Russia and Neighboring States 10 86554 Credit Accrual 0 N/A N/A Scholarships Central America and the Caribbean 3 44307 Credit Accrual 0 N/A N/A Scholarships Middle East and North Africa 5 51097 Credit Accrual 0 N/A N/A false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE FINANCIAL AID OFFICE MONITORS THE PROCESS THROUGH DIRECT WIRE TRANSFERS TO INDIVIDUAL STUDENT ACCOUNTS. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS THE FINANCIAL AID OFFICE MONITORS THE PROCESS THROUGH DIRECT WIRE TRANSFERS TO INDIVIDUAL STUDENT ACCOUNTS. Real Estate Gala 197250 122850 74400 273 0 11033 94270 0 19344 0 0 197250 122850 74400 273 0 11033 94270 0 19344 124920 -50520 true SCHOLARSHIPS 2640 37092228 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. After the initial review and approval by the appropriate employees at the grant department level, the paperwork for grant expenditures are then passed on to the next review and approval level by an applicable College or Departmental Administrator of grant expenditures. Upon approval, the paperwork is sent to the Senior Grants Accountant for review and approval prior to payment processing of the grant expenditures. The scholarships to students are administered by the financial aid office. The scholarship amounts are internally credited to the individual students' billed tuition to ensure funds are used for their intended purpose. X X true true X X X X false true false false false false false false false DR ALI R MALEKZADEH PRESIDENT & CEO 453170 0 53400 0 127282 0 67400 0 8647 0 709899 0 76875 0 DR CAROLYN WILEY TRUSTEE 153974 0 4054 0 1311 0 10811 0 8624 0 178774 0 0 0 DR LOIS S BECKER PROVOST/EXEC VP ACAD AFFAIRS 274027 0 7364 0 1524 0 22728 0 21124 0 326767 0 0 0 ANDREW M HARRIS TREASURER AND CFO 270600 0 7300 0 276 0 7600 0 10792 0 296568 0 0 0 DR MICHAEL D FORD ASSISTANT SECRETARY 163425 0 5201 0 251 0 12802 0 10476 0 192155 0 0 0 DR ASGHAR SABBAGHI DEAN Heller College of Business until 3/31/2020 230578 0 3600 0 2472 0 19200 0 20472 0 276322 0 0 0 DR MELISSA L HOGAN DEAN COLLEGE OF PHARMACY 234430 0 4692 0 276 0 19184 0 15545 0 274127 0 0 0 NEERAJ KUMAR VP INFO TECH AND CIO 197389 0 6080 0 180 0 16810 0 29845 0 250304 0 0 0 Dr Rudy Marcozzi Dean Chicago College of Performing Arts 180243 0 2850 0 792 0 15200 0 20729 0 219814 0 0 0 ALEXANDRA WRIGHT GENERAL COUNSEL 178310 0 5500 0 108 0 15040 0 19772 0 218730 0 0 0 DR BONNIE J GUNZENHAUSER DEAN COLLEGE OF ARTS & SCIENCES until 6/8/2020 184176 0 2850 0 276 0 15200 0 12293 0 214795 0 0 0 DR THOMAS R PHILION DEAN COLLEGE OF EDUCATION 179642 0 2400 0 516 0 14800 0 16184 0 213542 0 0 0 MICHAEL JON CASSIDY VICE PRESDENT ENROLLMENT MGMT 167380 0 5553 0 180 0 14000 0 24682 0 211795 0 0 0 NICOLE M BARRON VICE PRESIDENT ADVANCEMENT AND MARKETING 169933 0 4800 0 162 0 11200 0 20078 0 206173 0 0 0 RYAN J PETTY DEAN HELLER COLLEGE OF BUSINESS 168084 0 2017 0 4 0 12648 0 10099 0 192852 0 0 0 COLLETE ENGLISH DIXON EXEC DIR BENNETT INST RE 209115 0 3300 0 792 0 17600 0 28024 0 258831 0 0 0 MENG YU Dept Chair of Computer Science 173071 0 0 0 171 0 3867 0 26104 0 203213 0 0 0 THOMAS W HAMILTON PROFESSOR OF REAL ESTATE 160339 0 3395 0 516 0 13498 0 19329 0 197077 0 0 0 TANWEER HASAN Professor of Finance 164599 0 2104 0 470 0 11224 0 8641 0 187038 0 0 0 DANA L SINGLA ASSOC DEAN OF PHARMACY 170000 0 3400 0 180 0 11333 0 521 0 185434 0 0 0 Janice L Parkin Former VP Institutional Adv 108384 0 5023 0 291 0 4528 0 1483 0 119709 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use The President receives a housing allowance which is included in his taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Social club dues paid for the President are for business use and are not included in his taxable compensation. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The President has deferred compensation arrangements per his contract. $45,000 was deferred this tax year. $76,875 was distributed this tax year. A Illinois Finance Authority 861091967 45200FCN7 2007-12-14 45607613 See Part VI false false false B Illinois Finance Authority 861091967 45204EJ66 2018-09-27 8588409 See Part VI false false false C Illinois Finance Authority 861091967 45204EN61 2018-11-14 66300166 See Part VI false false false D Illinois Finance Authority 861091967 45204EJ41 2019-07-03 113755042 See Part VI false false false A 10060000 0 45607613 0 0 0 281660 0 0 45325953 0 0 2008 false false true true B 0 0 8588409 680591 0 0 157647 0 0 0 7750171 0 2018 true true true true C 0 0 66300166 0 0 0 133668 0 0 0 66166498 0 2018 true true true true D 0 0 113755042 0 0 0 0 0 0 0 113755042 0 2019 true true true true A false true false false 0.0 0.0 0.0 false false true B false true false false 0.0 0.0 0.0 false false true C false true false false 0.0 0.0099 0.0099 false false true D false true false false 0.0 0.017 0.017 false false true A false false false true false false false NA false true B false true false false false false false false true C false true false false false false false false true D false true false false false false false false true A true B true C true D true Schedule K, Part I, Column (f) 2018A Bond Issues - Description of purpose The Illinois Financial Authority issued tax-exempt series bonds on behalf of Roosevelt to refund and redeem a portion of the Series 2007 Bonds. Schedule K, Part I, Column (f) 2018B Bonds Issue - Description of purpose The Illinois Financial Authority issued tax-exempt series bonds on behalf of Roosevelt to refund and cancel a portion of the Series 2009 Bonds that had been escrowed to their October 2019 call date by the transactions in September 2018. Schedule K, Part I, Column (f) 2019A Bond Issue - Description of purpose The Illinois Financial Authority issued tax-exempt series bonds on behalf of Roosevelt to refund and redeem the remaining taxable 2018 Bonds. Schedule K, Part I, Column (f) 2020 A Bond Issue - Description of purpose The Illinois Finance Authority issued its tax-exempt series bonds on behalf of Roosevelt to (i) finance the costs of acquiring certain assets of RMUI; (ii) finance the costs of acquiring fixtures, furniture, and equipment, making improvements to leased and owned facilities and relocating staff and programs; (iii) fund capitalized interest: (iv) fund a debt service reserve fund, and (v) pay certain expenses incurred in connection with the issuance of the Series 2020A Bonds. Schedule K, Part I, Column (f) 2007 Bond Issue - Description of Purpose The proceeds of the bonds issued on 12/14/2007 were used for (1) acquisition, renovation and equipping of certain floors of the Gage Building in Chicago; (2) acquisition, demolition and site clearing of structures relating to the Fine Arts Annex Building and the Herman Crown Center; (3) various renovations, including upgrades and replacements, to the Auditorium Building's HVAC system; (4) various life safety improvements, as well as other renovations and remodeling, at the Auditorium Building; (5) the acquisition of certain land and related development rights near the main campus; and (6) various capital improvements at University's Chicago and Schaumburg campuses. Schedule K, Part II, Line 3 2020 A Bond Issue - Total proceeds of issue The IFA will issue $10,000,000 in maximum aggregate principal amount of its Series 2020A Bonds, with an initial bond revenue advance of $3,735,000 on the closing date and with additional bond advances from time to time during the advance period ending on April 1, 2022. Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 12/14/2017 A Illinois Finance Authority 861091967 45204FAA3 2020-03-10 10594400 See Part VI false false false A 0 0 3957008 0 384394 0 160000 0 0 3412614 0 0 2020 false false false true A false false false false 0.0 0.0 0.0 false false true A false true false false false false false false true A true NA - SEE PART V N/A - SEE PART V 14000 MERIT BASED SCHOLARSHIP Academic Schedule L, Part V GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS A TOTAL OF $14,000 OF MERIT SCHOLARSHIPS WAS PROVIDED TO A STUDENT TRUSTEE. THE UNIVERSITY IS NOT REQUIRED TO IDENTIFY THE INTERESTED PERSON(S) TO WHOM IT PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE; THEREFORE, COLUMNS (A) AND (B) ARE NOT APPLICABLE. X 247 0 NONE X 5 396907 Market value X Equipment and Repair Materials 25 11160 Market value 0 false true false Schedule M, Part I, Line 9 Securities - Publicly Traded Reported the number of contributions received from donors. Schedule M, Part I, Line 25 Other Reported the number of contributions received from donors. Schedule M, Part I, Line 1 Art - Works of Art REPORTED THE NUMBER OF CONTRIBUTIONS RECEIVED FROM DONORS. Schedule M, Part I, Line 33 Art - Works Of art A zero amount was reported on Form 990, Part VIII, line 1g, because the university did not capitalize its collections, as allowed under Financial Accounting Standards Board Accounting Standards Codification 958-360-25 (ASC 958-360-25) (formerly SFAS 116). Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee has broad authority to oversee the work of the Board and its committees, advise the President, and otherwise expedite the work of the Board of Trustees. The function of the Audit Committee is oversight. The purpose of the Audit Committee is to assist the Board of Trustees of Roosevelt University: I. In its oversight of the University's accounting and financial reporting principles and policies and internal accounting and disclosure controls and procedures; II. In its oversight of University's financial statements and the independent external audit thereof; III. In its oversight of the University's Federal Financial Assistance Single Audit; IV. In its evaluation of the independence of the external auditors; V. In its oversight of the University's internal audit function, addressing University policies, standards, and operations; VI. In its oversight of related party transactions. Form 990, Part VI, Line 11b Review of form 990 by governing body Management performed a review of the Form 990. After management's review, the audit committee also reviewed the return. Prior to filing the return with the IRS, A COPY OF THE RETURN WAS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD. Form 990, Part VI, Line 12c Conflict of interest policy Each interested person is provided an electronic questionnaire annually to complete and disclose any conflicts. The process is monitored and the questionnaires are reviewed by the Assistant Secretary to the Board of Trustees. If any conflicts are disclosed those interested persons are asked to abstain from voting on the item related to the conflict. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Board of Trustees appointed a compensation committee consisting of five (5) independent Roosevelt University Board of Trustee members. The Executive Compensation Committee (the "Committee") of the Board of Trustees of Roosevelt University shall review and approve the cash and non-cash compensation policies and programs and major changes in the University's benefit plans that are applicable to the President of the University and other designated senior personnel as determined by the Committee. This process is done on an annual basis. The process with respect to the President: 1. Request the President to complete a self-evaluation of goals and accomplishments for the prior year; 2. Once the self-evaluation is complete, the President submits the assessment to the compensation committee; 3. The committee reviews and discusses the assessment and reviews the data against the pre-established and agreed upon goals and accomplishments set for the year; 4. The committee compiles and reviews available comparable data for the compensation of other college and university presidents within the peer group established for the University. This comparable data is available both from IRS Form 990's filed by those institutions and from the data collected by the College and University Personnel Association (CUPA). The Associate VP for Human Resources is also involved to help summarize the data and compare it to peer group presidents on a median, mean and ranked basis; 5. The employment contract is reviewed and a salary increase and bonus is discussed; 6. The committee meets up to three times to deliberate and establish recommendations; 7. The recommendations are presented to the executive committee for approval The deliberations and decisions regarding the compensation arrangements are documented contemporaneously. Form 990, Part VI, Line 15b Process to establish compensation of other employees The Executive Compensation Committee (the "Committee") of the Board of Trustees of Roosevelt University shall review and approve the cash and non-cash compensation policies and programs and major changes in the University's benefit plans that are applicable to the President of the University and other designated senior personnel as determined by the Committee. This process is done on an annual basis. The process with respect to other executives: 1. Review and approve the President's recommendations on which positions will be covered by the policy; 2. Review with the President and approve the annual written performance goals of the other individuals covered by the Policy; 3. Review and approve the President's decisions to adjust compensation for other senior executives after the President's completion of the annual review of their performance. The deliberations and decisions regarding the compensation arrangements are documented contemporaneously. Form 990, Part VI, Line 19 Required documents available to the public Governing documents, conflict of interest policies and financial statements are not required disclosures pursuant to internal revenue code (IRC) section 6104. These documents are not available to the public at this time. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue - Total Revenue: 400936, Related or Exempt Function Revenue: 20430, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 380506; Form 990, Part XI, Line 9 Contribution from RMUI acquisition On March 9, 2020, Roosevelt, through an asset purchase agreement, acquired certain assets, liabilities and operations of Robert Morris University Illinois (RMUI) for a total purchase price of approximately $3.4 million in cash. RMUI is a postsecondary educational institution, headquartered in Chicago, Illinois. The acquisition supports Roosevelt's mission to promote social consciousness, inclusion and action toward social justice; and expands Roosevelt's curriculum in health sciences. The acquisition has been accounted for as a purchase and, accordingly, the operating activities of RMUI have been included in University's financial statements since the date of acquisition. The fair value of the tangible assets and identifiable intangible assets exceeded the purchase consideration by approximately $4.4 million and was recorded as an inherent contribution received and reported separately on the statement of revenues. The transaction resulted in an inherent contribution received due to recognizing the importance of continuing, uninterrupted, student progression in those areas for which RMUI held accreditation and Roosevelt did not, thereby allowing for the most efficient pathway to graduation and maximum support for the RMUI students impacted by the transaction. Form 990, Part XI, Line 9 Other changes in net assets or fund balances INHERENT CONTRIBUTIONS FROM RMUI ACQUISITION - 4436710; AUDITORIUM THEATRE OF ROOSEVELT UNIVERSITY INC 50 East Ida B Wells Dr CHICAGO IL 60605 363145476 PERFORMING ARTS IL 501(c)(3) 7 ROOSEVELT UNIVERSITY true ROOSEVELT EARLY CHILDHOOD EDUCATION CENTER 1410 N ROOSEVELT BOULEVARD SCHAUMBURG IL 601734348 364246313 CHILDHOOD EDUCATION IL 501(c)(3) 2 ROOSEVELT UNIVERSITY true false false true false false false false false false true true true true true true true true false false Auditorium Theatre of Roosevelt University Q 2865830 Cash Roosevelt Early Childhood Education Center C 296831 Cash