2020-10-27T16:26:37-05:00 2020-05-31 363321958 Desmond & Ahern Ltd 10827 S Western Avenue Chicago IL 60643 990 2019-06-01 362252360 Associated Colleges of Illinois Inc ASSO 3122632391 70 E Lake Street No 1418 Chicago IL 60601 Mitchell Weltman Executive Director 3122632391 2020-10-27 1 David J Rambo CPA P00513360 7737794720 2020-10-27 96.84.64.45 2020-10-27 16:25:46 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C5B349D719883F3F4E1F54E52FD8E190C5D94E0C 2019 2021-01-29 14:40:06Z Mitchell Weltman 70 E Lake Street No 1418 Chicago IL 60601 1604717 0 X acifund.org X 1952 IL Associated Colleges of Illinois supports member colleges and universities. 38 38 5 70 0 0 574965 680425 675017 690140 -30338 66939 21198 17349 1240842 1454853 591200 618500 0 0 432790 442315 0 0 239304 423276 407574 1447266 1468389 -206424 -13536 1389146 1728414 446467 710552 942679 1017862 X Associated Colleges of Illinois supports member colleges and universities by advancing independent liberal arts and sciences education and helping under-served students succeed in college, career and life. Associated Colleges of Illinois (continued on Schedule O) has supported numerous independent colleges and universities with a liberal arts tradition in Illinois for 65 years and has benefited thousands of under-served students in the process. 0 0 809933 527500 690647 Grants and services to member colleges and universities 176535 91000 Peer Mentoring 986468 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 5 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 38 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Mitchell Weltman 3122632391 70 E Lake Street Suite 1418 Chicago IL 60601 Frank Cella Chair 1.00 X X 0 0 0 Jamel Wright President 1.00 X X 0 0 0 Clifton L Fenton Secretary/Treasurer 1.00 X X 0 0 0 Angela T Allen Trustee 1.00 X 0 0 0 Justin Lee Allen Trustee 1.00 X 0 0 0 Jim Applegate Trustee 1.00 X 0 0 0 Ellen Babbitt Trustee 1.00 X 0 0 0 Lyn Bullman Trustee 1.00 X 0 0 0 Don Campbell Trustee 1.00 X 0 0 0 Liz Cook Trustee 1.00 X 0 0 0 Demetrio Garcia Trustee 1.00 X 0 0 0 Brian Healy Trustee 1.00 X 0 0 0 Kelly Kirkman Trustee 1.00 X 0 0 0 Ray Krouse Trustee 1.00 X 0 0 0 Patty Lindstrom Trustee 1.00 X 0 0 0 Tony LoBello Trustee 1.00 X 0 0 0 Kim Marshall Trustee 1.00 X 0 0 0 Barry Mastin Jr Trustee 1.00 X 0 0 0 Brad Mease Trustee 1.00 X 0 0 0 Jerry Murphy Trustee 1.00 X 0 0 0 Mark Neil Trustee 1.00 X 0 0 0 Therese King Nohos Trustee 1.00 X 0 0 0 Tony Oommen Trustee 1.00 X 0 0 0 Debbie Osgood Trustee 1.00 X 0 0 0 Joe Perkoski Trustee 1.00 X 0 0 0 Bill Powell Trustee 1.00 X 0 0 0 Brian Powers Trustee 1.00 X 0 0 0 Simon Reeves Trustee 1.00 X 0 0 0 Leslie Sawyer Trustee 1.00 X 0 0 0 Nic Simpson Trustee 1.00 X 0 0 0 Brad Summers Trustee 1.00 X 0 0 0 Chris Surdink Trustee 1.00 X 0 0 0 Paul Szeliski Trustee 1.00 X 0 0 0 George Tarulis Trustee 1.00 X 0 0 0 Mark Vargas Trustee 1.00 X 0 0 0 Leah Wallace Trustee 1.00 X 0 0 0 Vince Williams Trustee 1.00 X 0 0 0 Angie Winschel Trustee 1.00 X 0 0 0 Holly Bartecki Trustee 1.00 X 0 0 0 Steven C Bahls Trustee 1.00 X 0 0 0 Rebecca L Sherrick Trustee 1.00 X 0 0 0 Charles W Gregory Trustee 1.00 X 0 0 0 Reyes Gonzalez Trustee 1.00 X 0 0 0 Mark Biermann Trustee 1.00 X 0 0 0 Russell P Dawn Trustee 1.00 X 0 0 0 Donna M Carroll Trustee 1.00 X 0 0 0 Troy D Van Aken Trustee 1.00 X 0 0 0 Barbara A Farley Trustee 1.00 X 0 0 0 S Georgia Nugent Trustee 1.00 X 0 0 0 Gene C Crume Jr Trustee 1.00 X 0 0 0 Teresa L Amott Trustee 1.00 X 0 0 0 David L Livingston Trustee 1.00 X 0 0 0 Daniel C Dobbins Trustee 1.00 X 0 0 0 Pat White Trustee 1.00 X 0 0 0 Clarence R Wyatt Trustee 1.00 X 0 0 0 Troy D Hammond Trustee 1.00 X 0 0 0 Mary K Surridge Trustee 1.00 X 0 0 0 John C Bowling Trustee 1.00 X 0 0 0 John W Williams Trustee 1.00 X 0 0 0 Brian McGee Trustee 1.00 X 0 0 0 Eric W Fulcomer Trustee 1.00 X 0 0 0 Laurie M Joyner Trustee 1.00 X 0 0 0 Kurt D Dykstra Trustee 1.00 X 0 0 0 Arvid C Johnson Trustee 1.00 X 0 0 0 Philip G Ryken Trustee 1.00 X 0 0 0 Mitchell G Weltman Executive Director 40.00 X 137796 0 0 137796 0 0 1 0 0 0 0 27500 652925 680425 Member college assessm 611710 648600 648600 Corporate partnership 611710 32000 32000 Program fees 611710 9540 9540 690140 25482 25482 188821 147364 41457 41457 41457 19342 27500 2500 16842 16842 Other 900099 507 507 507 1454853 690647 0 83781 X 618500 618500 144584 36146 45790 62648 259258 124569 34612 100077 7779 442 6895 442 30694 11687 7156 11851 8800 8800 202587 77968 94191 30428 18197 2678 10010 5509 26151 10460 5231 10460 5823 4350 424 1049 35938 29695 2102 4141 1615 1615 14188 3891 6406 3891 Project supplies 44791 44791 Membership dues & subsc 23407 17532 1629 4246 Miscellaneous 10442 760 7863 1819 Repairs & maintenance 8135 2999 2393 2743 7500 7500 1468389 986468 242617 239304 132589 208116 6230 8503 12500 177000 11385 11607 29789 25458 3529 4331 1222913 1318857 1389146 1728414 33003 188052 413464 445000 0 77500 446467 710552 X 437451 429783 505228 588079 942679 1017862 1389146 1728414 -13536 88719 0 X X 0 1 X 1 0 X 545720 615107 540802 574965 680425 2957019 618058 596972 644600 675805 690647 3226082 16229 29731 52308 46524 19342 164134 1180007 1241810 1237710 1297294 1390414 6347235 0 284525 259626 282428 279525 267966 1374070 284525 259626 282428 279525 267966 1374070 4973165 22539 14923 27558 28973 25482 119475 22539 14923 27558 28973 25482 119475 1202546 1256733 1265268 1326267 1415896 6466710 0.76900 0.76650 0.01850 0.01820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 375890 51301 9633 417558 374796 10662 9568 375890 357212 27182 9598 374796 330302 38254 11344 357212 345682 -10380 5000 330302 0 0 29789 25458 4331 4331 Paycheck protection program 65000 Deferred revenue 12500 77500 X 1536757 88719 88719 1448038 6815 6815 1454853 1461574 0 1461574 6815 6815 1468389 Part V, Line 4: Net assets perpetual in nature are exclusively comprised of donor-restricted endowment funds representing investments in perpetuity. The perpetual in nature amount has been stipulated by the donor and is subject to change from time to time. This Fund's investment income is expendable to support minority leadership through scholarships under the Illinois Partnership for Minority Achievement Program. Contributions received from the donor, over and above the permanently restricted amount are also recorded as temporarily restricted until expended towards scholarship payments. Part X, Line 2: FIN 48 Note from Audited Financial Statements The Association was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Association qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private Foundation under Section 509(a)(1). The tax-exempt purpose of the Association and the nature in which it operates is described in the first paragraph of Note 1. The Association continues to operate in compliance with its tax-exempt purpose. The Association's annual information returns filed with the federal and state governments are subject to examination generally for three years after they have been filed. Part XI, Line 4b - Other Adjustments: Bank and investment fees 6,815. Part XII, Line 4b - Other Adjustments: Bank and investment fees 6,815. Virtual Reception 46842 27500 19342 2500 46842 27500 19342 2500 2500 16842 1 Augustana College 539 Thirty Eighth Street Rock Island IL 61201 362166962 501(c)(3) 21100 Educational Activities Benedictine University 5700 College Road Lisle IL 60532 362722198 501(c)(3) 25000 Educational Activities Blackburn College 700 College Avenue 1 Carlinville IL 62626 370661491 501(c)(3) 16100 Educational Activities Concordia University 7400 Augusta River Forest IL 60305 362191242 501(c)(3) 21100 Educational Activities Dominican University 7900 Division Street River Forest IL 60305 362167855 501(c)(3) 20500 Educational Activities Elmhurst College 190 Prospect Street Elmhurst IL 60126 362169145 501(c)(3) 25000 Educational Activities Eureka College 300 College Avenue Eureka IL 61530 370667484 501(c)(3) 22000 Educational Activities Greenville University 315 East College Avenue Greenville IL 62246 370681530 501(c)(3) Educational Activities Illinois College 1101 W College Avenue Jacksonville IL 62650 370661211 501(c)(3) 23800 Educational Activities Knox College 2 East Sootuh Street Galesburg IL 61401 370673513 501(c)(3) 25000 Educational Activities Judson University 1151 N State Street Elgin IL 60123 362515868 501(c)(3) 25000 Educational Activities Lewis University One University Parkway Romeoville IL 60446 362167773 501(c)(3) 25000 Educational Activities McKendree College 701 College Road Lebanon IL 62254 370661219 501(c)(3) 25000 Educational Activities Millikin University 1184 W Main Street Decatur IL 62522 370706154 501(c)(3) 21100 Educational Activities Monmouth College 700 East Broadway Monmouth IL 61462 370661228 501(c)(3) 21100 Educational Activities North Central College 30 N Brainard Street Naperville IL 60540 362169157 501(c)(3) 21100 Educational Activities North Park University 3225 West Foster Avenue Chicago IL 60625 361557840 501(c)(3) 20000 Educational Activities Olivet Nazarene University One University Avenue Kankakee IL 60901 362191252 501(c)(3) 25000 Educational Activities Principia College 1 Maybecck Place Elsah IL 62028 430652667 501(c)(3) 20000 Educational Activities Quincy University 1800 College Drive Quincy IL 62301 370661231 501(c)(3) 32000 Educational Activities Rockford University 5050 East State Street Rockford IL 61108 362167842 501(c)(3) 21100 Educational Activities Trinity Christian College 5601 West College Drive Palso Park IL 60463 362387148 501(c)(3) 25000 Educational Activities University of St Francis 500 Wilcox Street Joliet IL 60435 362170999 501(c)(3) 25000 Educational Activities Wheaton College 501 College Avenue Wheaton IL 60187 362182171 501(c)(3) 25000 Educational Activities St Xavier University 3700 W 103rd Street Chicago IL 60655 362177133 501(c)(3) 25000 Educational Activities Illinois Wesleyan Univeristy PO Box 2900 Bloomington IL 61702 370662594 501(c)(3) 25000 Educational Activities St Augustine College 1345 W Argyle Street Chicago IL 60640 363108821 501(c)(3) 25000 Educational Activities Aurora University 347 S Gladstone Avenue Aurora IL 60506 362166964 501(c)(3) 12500 Educational Activities Part I, Line 2: Associated Colleges of Illinois, Inc. follows strict grantmaking eligibility and distribution guidelines as described in the Organization's bylaws. All grants are documented in the Organization's accounting system. Form 990, Part VI, Section B, line 11b The Form 990 was reviewed by the Executive Director, accounting consultants, and Board Treasurer. The Form 990 was sent to the Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The Organization requires that each Board Member sign a Conflict of Interest Policy in acknowledgement of receipt and understanding of the policy. The policy is delivered to each Board Member electronically on an annual basis. In addition, at each meeting where voting occurs, the Chair reminds the Members that anyone with a personal interest in proposed resolution refrain from voting. Form 990, Part VI, Section B, line 15 Data for determining compensation is compiled by an independent compensation consultant. Data from the Association Compensation and Benefits Survey of the Association Forum of Chicagoland and the Association Compensation Survey compiled by the ASAE and the Center for Association Leadership are used. The data also includes comparable information used by the Executive Director to determine compensation for other key positions. Form 990, Part VI, Section C, line 19 Financial statements, governing documents, and the Conflict of Interest Policy are available to the public upon request. Form 990, Part IX, line 11g Consultants: Program service expenses 77,968. Management and general expenses 92,575. Fundraising expenses 30,428. Total expenses 200,971. Payroll processing: Program service expenses 0. Management and general expenses 1,616. Fundraising expenses 0. Total expenses 1,616. Form 990, Part XII, line 2c: The process has not changed from the prior year.