2020-04-14T18:00:06-05:00 2019-05-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2018-06-01 362722198 Benedictine University BENE 6308296000 5700 College Rd Lisle IL 60532 Irene Gendel Interim CFO 2020-04-14 true JENNIFER BURKE P01342224 3128997000 2018 2020-09-23 17:36:50Z Irene Gendel 5700 College Rd Lisle IL 60532 130845891 false 0928 X www.ben.edu X 1887 IL Benedictine University is an inclusive academic community dedicated to teaching and learning, scholarship and service, truth and justice, as inspired by the Catholic intellectual tradition, the social teaching of the Church, and the principles of wisdom in the Rule of St. Benedict. 27 26 1759 107 4906 0 2447570 1895809 124329725 116833002 1378632 1499244 -77973 -91732 128077954 120136323 34088368 34806447 0 52214173 44513973 0 1733609 39551674 39025574 125854215 118345994 2223739 1790329 182982884 178949059 79683304 75265512 103299580 103683547 Benedictine University is an inclusive academic community dedicated to teaching and learning, scholarship and service, truth and justice, as inspired by the Catholic intellectual tradition, the social teaching of the Church, and the principles of wisdom in the Rule of St. Benedict. false false 110064944 34806447 116833002 EDUCATIONAL ACTIVITIES AND RELATED ENTERPRISE COSTS AND EXPENSES FOR 4,940 UNDERGRADUATE AND GRADUATE STUDENT ENROLLMENT. 110064944 true true false false false false true false true true false false false true true false true true true true false false false true false false false true true true false false false false false false false false false true false true false false false true true true false false true X 6420 0 true 1759 true true true true CH false false false true true true false false false false false X 27 26 false false false false true false true true true false false true true true true true true true true false X Irene Gendel 6308296000 5700 College Road Lisle IL 60532 JAMES L MELSA CHAIRMAN 1.0 2.0 X X 0 0 0 DANIEL F RIGBY Vice-Chairman 1.0 2.0 X X 0 0 0 KATHERINE A DONOFRIO SECRETARY 1.0 0 X X 0 0 0 TASNEEM A OSMANI TREASURER 1.0 1.0 X X 0 0 0 ABBOT AUSTIN G MURPHY OSB CHANCELLOR 1.0 0 X X 0 0 0 MICHAEL BROPHY PRESIDENT - END 8/10/2018 40.0 2.0 X X 439865 0 41367 CHARLES GREGORY PRESIDENT - Start 8/10/2018 40.0 2.0 X X 204754 0 25582 CHRISTOPHER E BIRCK TRUSTEE 1.0 0 X 0 0 0 MAUREEN BEAL TRUSTEE 1.0 0 X 0 0 0 Bruce R Bronge TRUSTEE 1.0 0 X 0 0 0 CLAUDIA J COLALILLO TRUSTEE 1.0 0 X 0 0 0 JAMES FLINT OSB TRUSTEE 1.0 0 X 0 0 0 DANIEL L GOODWIN Trustee 1.0 1.0 X 0 0 0 NICHOLAS S GIULIANO Trustee 1.0 0 X 0 0 0 SISTER JUDITH ANN HEBLE OSB TRUSTEE 1.0 0 X 0 0 0 DONNA SUE HROZENCIK MD TRUSTEE 1.0 0 X 0 0 0 RAYMOND KONOPKA JR TRUSTEE 1.0 0 X 0 0 0 NELSON KOOPMAN TRUSTEE 1.0 0 X 0 0 0 PAUL LEHMAN TRUSTEE 1.0 0 X 0 0 0 BECKY MEGGESIN TRUSTEE 1.0 0 X 0 0 0 DEBORAH A PAGEL TRUSTEE 1.0 0 X 0 0 0 SARAH J PEACY PhD TRUSTEE 1.0 0 X 0 0 0 LEONARD S PIAZZA MD TRUSTEE 1.0 0 X 0 0 0 ROBERTO RAMIREZ TRUSTEE 1.0 0 X 0 0 0 MICHAEL S SIUREK TRUSTEE 1.0 0 X 0 0 0 OMER F SULTAN TRUSTEE 1.0 0 X 0 0 0 ROSEMARY MACKO WISNOSKY TRUSTEE 1.0 0 X 0 0 0 GREGORY ZIOLS TRUSTEE 1.0 0 X 0 0 0 MIROSLAVA MEJIA KRUG VP, ADMIN AND FINANCE, CFO 40.0 2.0 X 290783 0 14725 JAMES PAYNE PROVOST/EXECUTIVE VP ACAD AFR 40.0 0 X 276629 0 32681 LEONARD BERTOLINI VICE PRESIDENT 40.0 0 X 253490 0 19134 EDWARD ROBINSON VP OF ENROLLMENT & Student Development - Until 5/31/19 40.0 0 X 255478 0 10283 DAVID SONNENBERGER INTERIM PROVOST 40.0 0 X 147212 0 15938 JAMES LUDEMA PROFESSOR 40.0 0 X 177353 0 20034 MARLENE LEVINE EXECUTIVE DIRE, ADMIN & STRAT PLANNING 40.0 0 X 175783 0 13499 ELIZABETH RITT PROFESSOR 40.0 0 X 167597 0 16024 RAMKISHNAN TENKASI PROFESSOR 40.0 0 X 164359 0 17771 MICHAEL MANNING ASSISTANT PROFESSOR 40.0 0 X 154436 0 15744 2707738 0 242783 50 false true false WILEY EDU LLC 1415 WEST 22ND STREET SUITE 400 OAK BROOK IL 60523 MARKETING & RECRUTING FOR ONLINE PROGRAMS 5069644 A'VIANDS LLC 1751 COUNTY ROAD B WEST SUITE 300 ROSEVILLE MN 55113 FOOD SERVICE AND MANAGEMENT 1229471 WESTSIDE MECHANICAL GROUP LLC 2007 CORPORATE LANE NAPERVILLE IL 60563 Mechanical Services 387567 ALHAMBRA MESA LLC 4450 N 12TH ST SUITE 234 PHOENIX AZ 85014 PROPERTY MANAGEMENT 352743 DIEHL CENTRE POINT LLC 2901 FINLEY ROAD STE 113 DOWNERS GROVE IL 60515 PROPERTY MANAGEMENT 272219 9 200987 209520 1485302 20170 1895809 TUITION & FEES 611710 108156932 108156932 AUXILIARY ENTERPRISES 611710 6148893 6148893 OTHER ED. 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THE COLLECTION REPRESENTS BOTH VERTEBRATE AND INVERTEBRATE ANIMALS AND INCLUDES SEVERAL RARE SPECIMENS OF EXTINCT AND ENDANGERED ANIMALS. THERE IS ALSO A LARGE COLLECTION OF FOSSILS AND ROCKS AND MINERALS IN THE STORAGE AREA THAT IS IN THE PROCESS OF BEING INVENTORIED. MANY LOCAL TEACHERS BRING THEIR CLASSES TO THE JURICA-SUCHY NATURE MUSEUM TO FOCUS ON PARTICULAR THEMES TO ENHANCE THEIR CURRICULUM. THE STUDENTS TAKE A BRIEF TOUR; VISIT THE LEARNING CIRCLE UNDER THE WHALE TO TOUCH DIFFERENT SPECIMENS AND THEN SET OFF TO WORK ON AN ACTIVITY SHEET SELECTED BY THE TEACHER. BECAUSE THE MUSEUM IS AN INTIMATE SPACE, FILLED WITH SPECIMENS, CHILDREN ARE ABLE TO MAKE OBSERVATIONS, EXPLORE DIFFERENCES AMONG THE SPECIMENS, AND THINK ABOUT THEM. THE MUSEUM HOSTS MANY HOME SCHOOL FAMILIES AND ALSO IS USED BY OUR BENEDICTINE STUDENTS FOR CLASS ASSIGNMENTS IN BIOLOGY, ART AND EDUCATION. THERE ARE OVER 5,000 VISITORS TO THE MUSEUM EACH YEAR. IN ADDITION, THE JURICA-SUCHY NATURE MUSEUM OFFERS A DISCOVERY BOX LOAN PROGRAM OF MORE THAN 40 BOXES FOR TEACHERS, HOME SCHOOL FAMILIES AND OTHER GROUPS. THE BOXES CONTAIN MUSEUM SPECIMENS, BACKGROUND INFORMATION, VISUAL AIDS, CURRICULAR GUIDES, AND SUGGESTED CLASSROOM ACTIVITIES. THIS PROGRAM REACHES AN ADDITIONAL 5,000 CHILDREN EACH YEAR. THESE PROGRAMS ARE OFFERED AT NO COST TO OUR PUBLIC AS A MEANS OF FURTHERING EDUCATION IN THE NATURAL SCIENCES IN OUR COMMUNITY. BENEDICTINE UNIVERSITY POSSESSES AN ART COLLECTION NUMBERING NEARLY 4,000 PIECES AND ARTIFACTS. THE COLLECTION REPRESENTS BOTH FINE AND APPLIED ARTS, AND IS QUITE DIVERSE IN ITS SCOPE OF SUBJECT AND MEDIA; WHILE THE MAJORITY OF THE COLLECTION HAS A RELIGIOUS THEME. THE COLLECTION CONSISTS MAINLY OF CERAMICS, DRAWINGS, PAINTINGS, ORIGINAL FINE ART PRINTS, PHOTOGRAPHY, TEXTILE, SCULPTURE, MIXED MEDIA, FOLK ART AND KITSCH. THE UNIVERSITY'S ART COLLECTION IS VISIBLE THROUGHOUT THE ENTIRE CAMPUS, AND IT'S BRANCH CAMPUS. IN ADDITION TO THE NUMEROUS AREA TEACHERS, PARENTS, SPECIAL ART INTEREST GROUPS AND VISITORS THAT COME TO THE UNIVERSITY, AND NEIGHBORING ST. PROCOPIUS ABBEY, FOR THE EXPRESS PURPOSE OF A GUIDED TOUR OF THE CAMPUS, VIRTUALLY EVERY CAMPUS VISITOR IS ABLE TO SEE A PART OF THE ART COLLECTION. THIS MUST BE NOTED AS MOST COLLEGE COLLECTIONS HAVE A DESIGNATED AREA FOR SHOWING ARTWORK OR EXHIBITIONS, USUALLY WITHIN A CONTAINED EXHIBITION SPACE. BENEDICTINE UNIVERSITY DOES HAVE ONE DESIGNATED ENCLOSED SET OF DISPLAY CASES, IN THE LOWER AREA OF KRASA HALL, FOR THE PURPOSE OF SHOWING SMALLER EXHIBITIONS, BUT THE 2ND FLOOR OF KINDLON HALL, OUTSIDE THE LIBRARY, HAS RECENTLY BEEN OPENED UP TO SHOW LARGER EXHIBITIONS. CLASSES ON CAMPUS ARE ENCOURAGED TO UTILIZE THE ART COLLECTION TO ENHANCE THEIR CURRICULUM. THE UNIVERSITY IS ALSO HOST TO VARIOUS SUMMER SPORTS AND MUSIC CAMPS WHEREBY AN ADDITIONAL VIEWING AUDIENCE FROM THE COMMUNITY IS ABLE TO SEE AND APPRECIATE THE ART COLLECTION. THE ENORMITY OF THE COLLECTION AND BEING SPREAD THROUGHOUT THE CAMPUS AS IT IS, HAS TRANSFORMED THE CAMPUS INTO A GIGANTIC ART GALLERY, WHEREBY ART IS APPRECIATED BY THE MASSES AND OF AESTHETIC MERIT TO ALL DISCIPLINES. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR A PORTION OF ITS PERMANENTLY RESTRICTED ENDOWMENT FUNDS FAIR VALUE AS OF THE LAST DAY OF THE YEAR PRECEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. DISTRIBUTIONS FROM OTHER ENDOWMENTS ARE MADE ON THE BASIS OF PRUDENT APPLICATION OF THE FUNDS IN FURTHERANCE OF THE UNIVERSITY'S STRATEGIC PLAN IN ACCORDANCE WITH DONOR-IMPOSED RESTRICTIONS, WHEN AND IF APPLICABLE, ON THE USE OF THE FUNDS. IN ESTABLISHING THIS POLICY, THE UNIVERSITY CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS INVESTMENT ASSETS, THE NATURE AND DURATION OF THE INDIVIDUAL ENDOWMENT FUNDS, MANY OF WHICH MUST BE MAINTAINED IN PERPETUITY BECAUSE OF DONOR-IMPOSED RESTRICTIONS, AND THE POSSIBLE EFFECT OF INFLATION. THE UNIVERSITY EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT FUNDS TO GROW AT A NOMINAL AVERAGE ANNUAL RATE, THAT WILL PROVIDE A DEPENDABLE AND GROWING SOURCE OF FUNDING SUPPORT AND FINANCIAL DISTRIBUTIONS FOR THE UNIVERSITY, WHILE PRESERVING THE PRINCIPAL OF THE FUNDS AND PROTECTING THEIR VALUE FROM THE IMPACT OF INFLATION. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Organization is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Organization's tax-exempt purpose is subject to taxation as unrelated business income. The Organization recognizes the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. Management has determined there are no material uncertain positions that require recognition in the financial statements. There are no interest or penalties recognized in the statements of activities or statements of financial position. 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 BENEDICTINE UNIVERSITY PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY IN ITS STUDENT AND EMPLOYEE RECRUITMENT MATERIALS, APPLICATIONS, BUSINESS TRANSACTIONS, LEGAL DOCUMENTS, CATALOG, OPERATIONAL MATERIALS, AND IN INTERNAL AND EXTERNAL COMMUNICATION. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE INSTITUTION RECEIVED FINANCIAL AID FROM US GOVERNMENT AGENCIES: PELL, SEOG, FWSP, STATE OF ILLINOIS MAP AWARD AND STATE OF ARIZONA LEAP AWARD. false East Asia and the Pacific 1 4 Program Services EDUCATIONAL SERVICES 516085 Central America and the Caribbean 0 0 Investments 2727164 1 4 0 0 1 4 3243249 0 3243249 true false true false false false GOLF OUTING 116258 78330 37928 32752 35000 9185 FOUNDERS GALA 203434 122657 80777 43207 43164 31040 16089 0 319692 200987 118705 75959 43164 66040 25274 210437 -91732 true INSTITUTIONAL 3245 33973404 ENDOWED 216 414363 OUTSIDE 107 418680 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. BENEDICTINE UNIVERSITY'S OFFICE OF FINANCIAL AID ADMINISTERS FEDERAL TITLE IV, STATE, PRIVATE AND INSTITUTIONAL GRANTS IN THE FORM OF STUDENT SCHOLARSHIPS, GRANTS, WAIVERS AND AWARDS. THE OFFICE OF FINANCIAL AID FOLLOWS SPECIFIC GRANT PROGRAM CRITERIA TO: DETERMINE STUDENT ELIGIBILITY AND SELECTION; MONITOR APPROPRIATE HANDLING OF FUNDS, AND; MEET REPORTING AND RECORD RETENTION REQUIREMENTS. DOCUMENTATION OF ALL STUDENT FINANCIAL ASSISTANCE FUNDING IS MAINTAINED IN THE STUDENT'S AID FILE AND UNIVERSITY COMPUTER SYSTEM. X X X true true X X X X true false false false false false false false false MICHAEL BROPHY PRESIDENT - END 8/10/2018 406023 0 0 0 33842 0 15250 0 26117 0 481232 0 0 0 CHARLES GREGORY PRESIDENT - Start 8/10/2018 180508 0 0 0 24246 0 8449 0 17133 0 230336 0 0 0 MIROSLAVA MEJIA KRUG VP, ADMIN AND FINANCE, CFO 289265 0 0 0 1518 0 13250 0 1475 0 305508 0 0 0 JAMES PAYNE PROVOST/EXECUTIVE VP ACAD AFR 274049 0 0 0 2580 0 12833 0 19848 0 309310 0 0 0 LEONARD BERTOLINI VICE PRESIDENT 252004 0 0 0 1486 0 7800 0 11334 0 272624 0 0 0 EDWARD ROBINSON VP OF ENROLLMENT & Student Development - Until 5/31/19 125002 0 0 0 130476 0 3972 0 6311 0 265761 0 0 0 DAVID SONNENBERGER INTERIM PROVOST 145272 0 0 0 1940 0 6879 0 9059 0 163150 0 0 0 JAMES LUDEMA PROFESSOR 170008 0 0 0 7344 0 8304 0 11730 0 197387 0 0 0 MARLENE LEVINE EXECUTIVE DIRE, ADMIN & STRAT PLANNING 174049 0 0 0 1734 0 7429 0 6070 0 189282 0 0 0 ELIZABETH RITT PROFESSOR 158367 0 0 0 9230 0 7189 0 8835 0 183622 0 0 0 RAMKISHNAN TENKASI PROFESSOR 162893 0 0 0 1465 0 7775 0 9996 0 182129 0 0 0 MICHAEL MANNING ASSISTANT PROFESSOR 150338 0 0 0 4098 0 7047 0 8697 0 170180 0 0 0 Schedule J, Part I, Line 1a Travel for companions PER PRESIDENT'S EMPLOYMENT AGREEMENT, PRESIDENT CAN TRAVEL WITH HIS WIFE IN CONNECTION WITH HIS OFFICIAL DUTIES AND RESPONSIBILITIES. This is related to business purposes and is considered non-taxable income. Schedule J, Part I, Line 1a Housing allowance or residence for personal use HOUSING ALLOWANCE IS INCLUDED IN PRESIDENT'S EMPLOYMENT AGREEMENT and treated as taxable income. Schedule J, Part I, Line 1a Health or social club dues or initiation fees PER PRESIDENT'S EMPLOYMENT AGREEMENT, PRESIDENT CAN BE REIMBURSED FOR MEMBERSHIP IN A SOCIAL CLUB BASED ON MUTUAL AGREEMENT OF PRESIDENT AND CHAIR OF THE BOARD since this relates to business purposes. Schedule J, Part I, Line 4a Severance or change-of-control payment The following individuals received severance payments, which are reported under Part II, Column (B)(iii): Edward Robinson - $126,666.00 A ILLINOIS FINANCE AUTHORITY 861091967 45203HWK4 2013-11-20 29887562 SEE PART VI false false false B ILLINOIS FINANCE AUTHORITY 861091967 45204EUH9 2017-05-31 35710762 SEE PART VI false false false A 5455000 0 29887562 2646681 0 0 418325 0 0 573196 26249360 0 2014 true false true true B 0 0 35710762 2822204 0 0 673650 0 0 0 32214908 0 true false true true A false false false false 0.0 false false true B false false false false 0.0 false false true A false true false false false false false false true B false true false false false false false false true A true B true Schedule K, Part I, Column (a) SCH K, PART 1, LINE A, COL A ILLINOIS FINANCE AUTHORITY, SERIES 2013A - TO FINANCE A PORTION OF NEW ACADEMIC BUILDING, CURRENT REFUNDING OF ALL OF SERIES 1999 BONDS, FUND DEBT SERVICE RESERVE FUND FOR THE BENEFIT OF SERIES 2013A AND PAY CERTAIN EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF 2013A. Schedule K, Part I, Column (b) SCH K, PART 1, LINE B, COL B ILLINOIS FINANCE AUTHORITY, SERIES 2017 - TO REFINANCE ILLINOIS FINANCE AUTHORITY, SERIES 2013B BONDS AND PAY OFF THE BRIDGE LINE OF CREDIT AND TERMINATE SWAP AGREEMENT WITH CITIZENS BANK Daniel Goodwin TRUSTEE 48557 DANIEL GOODWIN IS A DIRECTOR AND OFFICER OF BENEDICTINE UNIVERSITY AND CHAIRMAN OF INLAND INVESTMENT ADVISORS, INC. CERTAIN OTHER INVESTMENTS WERE MANAGED BY INLAND INVESTMENT ADVISORS. THE ORGANIZATION PAID INLAND INVESTMENT ADVISORS, INC $48,557 IN INVESTMENT FEES DURING THE FISCAL YEAR. false Ice Miller LLP Business Transaction 66256 Legal Services false X 9 11851 Other X 480 Other X 500 Other X Event tickets/gift cards 25 7339 Other 0 false true false Schedule M, Part I SCH M, PART I, COL B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS Schedule M, Part I, Line 33 SCH M, PART I, LINE 33 ALL IN-KIND CONTRIBUTIONS ARE RECORDED BY THE DEVELOPMENT OFFICE IN THEIR MILLENNIUM SOFTWARE SYSTEM, WHICH INCLUDES A CONCISE DESCRIPTION OF THE IN-KIND CONTRIBUTION AND A MEMO ENTRY OF THE VALUE SUGGESTED BY THE DONOR. HOWEVER, REVENUE IS NOT RECORDED IN THE FINANCIAL ACCOUNTS OF THE UNIVERSITY, UNLESS THE CONTRIBUTION IS MATERIAL AND A FAIR MARKET VALUE CAN BE DETERMINED. Form 990, Part VI, Line 1a Delegate broad authority to a committee The membership of the Executive Committee shall consist of the Chair of the Board, the Vice Chair of the Board, the immediate past Chair of the Board, the President of St. Procopius Abbey, the President of the University, the Secretary of the Board and the chairs of the regular committees of the Board. The Chair of the Board, the President of St. Procopius Abbey and the President of the University may jointly add additional members to the committee. The Executive Committee shall have and exercise all the authority of the Board of Trustees in the management of the University, as may be provided by law or by the charter of By-Laws of the University. The Executive Committee shall consider for approval those persons nominated by the President of the University for administrative and full-time faculty positions of the academic rank of instructor or higher. The Executive Committee shall approve promotions and advancement in rank of instructor or higher. The Executive Committee shall approve promotions and advancement in rank, and changes in compensation schedules and employee benefits for administrative, faculty and support staff personnel. The annual budget presented by the President must have the approval of the Executive Committee. The Executive Committee shall approve the policy and regulation of the University and the government of the faculty and student body, provided that such regulations are consistent with the constitution or laws of the United States, the state of Illinois, and the Charter and the By-Laws of the University Form 990, Part VI, Line 6 Classes of members or stockholders BENEDICTINE UNIVERSITY IS A MEMBERSHIP CORPORATION WITH TWO CLASSES OF PARTICIPANTS IN THE CORPORATION: MEMBERS AND TRUSTEES. MEMBERS OF THE CORPORATION ARE THE INDIVIDUALS CONSTITUTING THE BOARD OF DIRECTORS OF ST. PROCOPIUS ABBEY, A NOT-FOR-PROFIT CORPORATION. THE BENEDICTINE MONKS OF ST. PROCOPIUS ABBEY FOUNDED BENEDICTINE UNIVERSITY AS ST. PROCOPIUS COLLEGE IN 1887. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders IT REQUIRES A TWO-THIRDS AFFIRMATIVE VOTE OF ALL MEMBERS TO APPROVE: (1) ANY SALE, MORTGAGE OR ENCUMBRANCE OF ANY REAL ESTATE OF THE UNIVERSITY; (2) THE MERGER, LIQUIDATION OR DISSOLUTION OF THE UNIVERSITY; (3) CHANGES OR AMENDMENTS OF THE ARTICLES OF INCORPORATION OF THE UNIVERSITY AND BY-LAWS; AND (4) ELECTION OF TRUSTEES. (NEW TRUSTEES ARE ELECTED BY A MAJORITY OF THE TRUSTEES IN OFFICE AT ANY REGULAR MEETING OF THE FULL BOARD.) Form 990, Part VI, Line 11b Review of form 990 by governing body THE INTERIM CFO, ALONG WITH OTHER MEMBERS OF THE BUSINESS AND FINANCE DEPARTMENT, REVIEWED THE DRAFT FORM 990, TOGETHER WITH ITS OUTSIDE ACCOUNTING FIRM. THE COMPLETED 990 IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. A COPY IS PROVIDED TO EACH MEMBER OF THE FULL BOARD OF TRUSTEES PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE COMPLIANCE OFFICER ANNUALLY DISTRIBUTES THE CONFLICTS OF INTEREST POLICY AND DISCLOSURE QUESTIONNAIRE, TO TRUSTEES, OFFICERS, FACULTY AND STAFF. TRUSTEES RECEIVE A COPY OF THE CONFLICTS OF INTEREST POLICY IN THE TRUSTEE HANDBOOK. EACH IS REQUIRED TO ANNUALLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST BY SIGNING AND SUBMITTING THE UNIVERSITY DISCLOSURE QUESTIONNAIRE AND UPDATING IT AS PERTINENT NEW INTERESTS OR SITUATIONS ARISE. RESPONSES TO THE DISCLOSURE QUESTIONNAIRE ARE REVIEWED AND DISCLOSED CONFLICTS ARE RESOLVED. THE OFFICE OF THE PROVOST, THE OFFICE OF BUSINESS AND FINANCE SERVICES, AND THE COMPLIANCE OFFICER PROVIDE ASSISTANCE BY ANSWERING QUESTIONS AND PROVIDING GUIDANCE ON APPROACHES TO RESOLVING CONFLICTS OF INTEREST. INDIVIDUALS WHO FAIL TO COMPLETE THE ANNUAL DISCLOSURE QUESTIONNAIRE AND/OR FAIL TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE SUBJECT TO APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. Form 990, Part VI, Line 15a Process to establish compensation of top management official The process of determining compensation of the President of the University: The Chairman of the Board of Trustees and two independent members of the Board comprised the Compensation Committee. This group reviewed and determined executive compensation through the use of comparable compensation data from various sources including relevant external compensation surveys, compensation data from peer educational institutions, and internal executive equity analysis. The committee met and reviewed salary history and performed an analysis in reaching the annual compensation. Based on this analysis, the Compensation Committee made a recommendation to the Executive Committee of the Board of Trustees for final approval. Contemporaneous documentation was kept and maintained. LAST MEETING WAS IN NOVEMBER 2018. Form 990, Part VI, Line 15b Process to establish compensation of other employees The Board of Trustees met in October 2018 when a preliminary operating budget was approved by the Board. Search firms specializing in higher education placement and case compensation data were used. Documentation was kept and maintained. Form 990, Part VI, Line 19 Required documents available to the public THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL INFORMATION IS ALSO PUBLISHED IN THE UNIVERSITY'S VOICES MAGAZINE. THE BENEDICTINE UNIVERSITY CONFLICTS OF INTEREST POLICY IS AVAILABLE ON THE COMPLIANCE PAGE OF THE UNIVERSITY'S WEBSITE Form 990, Part XI, Line 9 Other changes in net assets or fund balances ENDOWMENT AND INVESTMENT GAINS TRANSFERRED TO OPERATIONS - -500000; FOUNDERS WOODS LTD 5700 COLLEGE ROAD LISLE IL 60532 364376857 SUPPORT BU IL 501(c)(3) 10 BU true SPRINGFIELD COLLEGE IN ILLINOIS 1500 NORTH FIFTH STREET SPRINGFIELD IL 62701 370663573 EDUCATION IL 501(c)(3) 2 BU true Benedictine (Guangzhou) Education Consulting Co Ltd (BECC) Room 717 Tower B Sionpec Bldg 191 Sport West R Guangzhou CH Education CH Benedictine University C Corporation 0 7081 1 true CHARITABLE REMAINDER ANNUITY TRUST (2) 5700 College Road Lisle IL 60532 Trust IL NA Trust false false false false true false false false false false true true false false false true true false false false Springfield College in Illinois D 120266 Cost Springfield College in Illinois K 1955206 Cost