2020-07-10T10:31:16-05:00 2019-08-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2018-09-01 362167854 Roosevelt University ROOS 3123413580 430 South Michigan Avenue Chicago IL 60605 Andrew Harris Treasurer 2020-07-10 true Jennifer Burke P01342224 3128997000 2018 2020-09-22 18:59:49Z Ali Malekzadeh 430 South Michigan Avenue Chicago IL 60605 170268762 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. 33 27 2568 40 -1003759 -1003759 17087385 30046313 116966623 115720983 5049640 6579342 -638434 -424281 138465214 151922357 30935880 31896029 0 0 64217998 63810687 0 52427 3269392 62012013 54393917 157165891 150153060 -18700677 1769297 408866962 422474684 267380642 280546535 141486320 141928149 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 122450324 31896029 115859356 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 2,419 UNDERGRADUATE AND 1,910 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 - 1,000 STUDENTS AND PHARMACY - 200 STUDENTS. 9880040 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. 531973 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. 132862337 true true false false false false true false true true false false false true true false true true false true false true true true false false false true true true false true false false false false true false false false true true false false true true true true false false true 6151 0 true 2568 true true true false false false false true true true false false false false false X 33 27 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 DR ALI R MALEKZADEH PRESIDENT & CEO 38.0 2.0 X X 587368 0 76485 Patricia Harris Chair 1.0 1.0 X X 0 0 0 MELVIN L KATTEN SENIOR VICE CHAIR 1.0 1.0 X X 0 0 0 ROBERT MEDNICK LIFE TRUSTEE-SENIOR VICE CHAIR 1.0 X X 0 0 0 Kenneth Tucker Senior Vice Chair 1.0 1.0 X X 0 0 0 SUSAN T BART VICE CHAIR 1.0 X X 0 0 0 BRUCE A CROWN SECRETARY 1.0 2.0 X X 0 0 0 STEVEN H ABBEY TRUSTEE 1.0 X 0 0 0 MARIAN AZZARO TRUSTEE 38.0 X 96549 0 30026 TOM BALANOFF TRUSTEE 1.0 X 0 0 0 DR STEPHEN J CERRONE TRUSTEE 1.0 X 0 0 0 MARK A CRAYTON TRUSTEE 38.0 X 63097 0 9263 MAUREEN A EHRENBERG TRUSTEE 1.0 1.0 X 0 0 0 Vicki Fuller Trustee 1.0 X 0 0 0 GERALD W FOGELSON TRUSTEE 1.0 X 0 0 0 ANN FORD TRUSTEE 1.0 X 0 0 0 CHARLES R GARDNER LIFE TRUSTEE 1.0 2.0 X 0 0 0 THOMAS GLADDEN TRUSTEE 1.0 X 0 0 0 MARSHA F GOLDSTEIN TRUSTEE 1.0 X 0 0 0 JOHN R HALL III TRUSTEE 1.0 X 0 0 0 JOE F HANAUER LIFE TRUSTEE 1.0 X 0 0 0 DR GREGORY HAUSER TRUSTEE 38.0 X 109422 0 19416 LARISSA HERCZEG TRUSTEE 1.0 X 0 0 0 DAVID D HILLER LIFE TRUSTEE 1.0 1.0 X 0 0 0 MEME HOPMAYER TRUSTEE 1.0 X 0 0 0 DONALD HUNT LIFE TRUSTEE 1.0 X 0 0 0 ROBERT JOHNSON LIFE TRUSTEE 1.0 X 0 0 0 DR ABBY KAHALEH TRUSTEE 38.0 X 111358 0 18439 LOUIS S KAHNWEILER LIFE TRUSTEE 1.0 X 0 0 0 JOHN O KESHNER TRUSTEE 1.0 X 0 0 0 WILLIAM J KIRBY TRUSTEE 1.0 X 0 0 0 RON KUBIT TRUSTEE 1.0 X 0 0 0 RENEE LOGAN LIFE TRUSTEE 1.0 X 0 0 0 SALMA LOPEZ TRUSTEE 1.0 X 2000 0 0 ROBERT Y PADDOCK TRUSTEE 1.0 X 0 0 0 ANTHONY R PASQUINELLI LIFE TRUSTEE 1.0 X 0 0 0 JOSEPH A PASQUINELLI TRUSTEE 1.0 X 0 0 0 TERRY PETERSON TRUSTEE 1.0 X 0 0 0 ANNA E ROOSEVELT LIFE TRUSTEE 1.0 X 0 0 0 MAURICE SMITH TRUSTEE 1.0 X 0 0 0 MANFRED S STEINFELD LIFE TRUSTEE 1.0 X 0 0 0 MAREK A WIERZBA TRUSTEE 1.0 X 0 0 0 ROBERT L WIESENECK TRUSTEE 1.0 1.0 X 0 0 0 DR CAROLYN WILEY TRUSTEE 38.0 X 140675 0 20332 ANDREW M HARRIS TREASURER 38.0 1.0 X 179112 0 7192 DR MICHAEL D FORD ASSISTANT SECRETARY 38.0 X 177748 0 24308 DR LOIS S BECKER PROVOST/EXEC VP ACAD AFFAIRS 38.0 1.0 X 257818 0 48639 DR MELISSA L HOGAN DEAN COLLEGE OF PHARMACY 38.0 X 229379 0 34177 DR BONNIE J GUNZENHAUSER DEAN COLLEGE OF ARTS & SCIENCES 38.0 X 184296 0 28378 DR THOMAS R PHILION DEAN COLLEGE OF EDUCATION 38.0 X 166766 0 13805 Dr Rudy Marcozzi Dean Chicago College of Performing Arts 38.0 1.0 X 137677 0 33061 DR ASGHAR SABBAGHI DEAN Heller College of Business 38.0 X 230889 0 29791 NEERAJ KUMAR VP INFO TECH AND CIO 38.0 X 190131 0 49432 MICHAEL JON CASSIDY VICE PRESDENT ENROLLMENT MGMT 38.0 X 162109 0 40500 JANICE L PARKIN Interim VP INSTITUTIONAL ADV UNTIL 7/1/2019 38.0 X 157017 0 11534 ALEXANDRA WRIGHT GENERAL COUNSEL 38.0 X 165380 0 24020 COLLETE ENGLISH DIXON EXEC DIR BENNETT INST RE 38.0 X 207726 0 37868 TANGELLA S MADDOX Associate VP for Finance 38.0 2.0 X 184557 0 24421 DR GORDON L PATZER PROFESSOR OF MARKETING 38.0 X 177714 0 26199 DR SAMUEL ROSENBERG Professor of Economics 38.0 X 160454 0 35743 THOMAS W HAMILTON PROFESSOR OF REAL ESTATE 38.0 X 158093 0 35875 Henry Fogel Former Dean Chicago College of Performing Arts X 151090 0 27629 Donald E Jones JR Former VP Institutional Advancement X 155072 0 29051 4543497 0 735584 88 true true false UNIVERSITY CENTER PROPERTY LLC 353 N CLARK ST STE 730 CHICAGO IL 606543453 STUDENT HOUSING 2561298 ALADDIN FOOD MANAGEMENT 16567 COLLECTIONS CENTER DR CHICAGO IL 606930001 FOOD SERVICE 1862890 ABM JANITORIAL SERVICES 75 REMITTANCE DRIVE SUITE 3011 CHICAGO IL 606753011 JANITORIAL SERVICES 1255544 EAB GLOBAL 2445 M ST NW WASHINGTON DC 200371435 DATABASE SERVICE 600160 ELLUCIAN SUPPORT INC 4 Country View Road Malvern PA 19355 SOFTWARE 447430 29 X 0 0 243379 22278566 3932297 3592071 203060 30046313 Tuition and fees 611310 107301055 107301055 Non Credit Programs 611310 670181 670181 Auxillary Income 611710 7749747 7749747 0 0 0 0 115720983 5265610 0 5265610 0 0 0 0 45000 0 45000 445765 36525 24866 445765 11659 457424 0 11659 445765 4699150 14803000 3418418 14770000 1280732 33000 1313732 0 0 1313732 69175 243379 133121 -63946 -63946 0 0 0 0 0 0 0 0 0 0 0 0 Hotel and Conference Services (net) 900099 -1015418 0 -1015418 0 Bookstore and Vending machine commissions 900099 92112 92112 0 0 Intercollegiate Athletics Revenue 900099 24496 24496 0 0 36051 21765 0 14286 -862759 151922357 115859356 -1003759 7020447 0 0 29807021 29807021 2089008 2089008 0 0 3867586 3287447 464110 116029 0 0 0 0 47087600 40024460 5650512 1412628 2631856 2237077 315823 78956 6705486 5699663 804658 201165 3518159 2990435 422179 105545 0 0 0 0 82681 70279 9922 2480 171074 145413 20529 5132 0 0 0 0 52427 52427 232226 197392 27867 6967 3622851 3079423 434743 108685 866465 736495 103976 25994 2221594 1888355 266591 66648 2895940 2461549 347513 86878 5384 4576 646 162 5867014 4986962 704042 176010 1140826 969702 136899 34225 0 0 0 0 209787 178319 25174 6294 11676240 9924804 1401149 350287 0 0 0 0 8120755 6902642 974490 243623 564019 479416 67682 16921 Repairs and Maintenance 2533847 2153770 304062 76015 Student Meal Plan Cost 1707611 1707611 0 0 Expenses Related to Bond Defeasance 9264910 8111429 1153481 0 Food Service 482109 467895 11371 2843 2728584 2261194 373912 93478 150153060 132862337 14021331 3269392 0 0 0 0 3287400 18273943 28215089 23562278 2205556 1895298 16734907 19517203 0 0 0 0 0 0 0 0 20789730 21092781 306281273 107598275 182726564 198682998 124264466 122359339 0 15388750 17090844 0 0 15254500 0 408866962 422474684 6585526 6263725 0 0 57592524 53894766 202984593 220305912 0 0 0 0 0 0 0 0 217999 82132 267380642 280546535 X 21083326 23652606 55094591 52498475 65308403 65777068 0 0 0 0 0 0 141486320 141928149 408866962 422474684 1769297 -3308852 1981384 0 X false true X true true true X 10991458 9484905 32680387 17087385 30046313 100290448 0 0 10991458 9484905 32680387 17087385 30046313 100290448 25498295 74792153 4692280 4171936 4274391 4800180 5792900 23731687 0 0 0 0 0 0 336782 403010 1888326 270683 221834 3120635 127142770 639999986 0.5883 0.5032 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 120338.0, COLUMN B - 167124.0, COLUMN C - 83451.0, COLUMN D - 106312.0, COLUMN E - 69175.0, COLUMN F - 546400.0; DESCRIPTION - SEMINAR LECTURE AND EVENTS, COLUMN A - 102787.0, COLUMN B - 49825.0, COLUMN C - 65696.0, COLUMN D - 16130.0, COLUMN E - 21765.0, COLUMN F - 256203.0; DESCRIPTION - MISCELLANEOUS, COLUMN A - 113657.0, COLUMN B - 186061.0, COLUMN C - 99179.0, COLUMN D - 148241.0, COLUMN E - 130894.0, COLUMN F - 678032.0; DESCRIPTION - GAIN ON NMTC UNWIND, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 1640000.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 1640000.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 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 89803787 911961 -6164855 3713948 0 0 80836945 0.157 0.5311 0.3119 true false 38210635 38210635 256916708 102032315 154884393 1498155 882454 615701 7889019 4683506 3205513 1766756 0 1766756 198682998 Student deposits 82132 82132 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 the 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, 2019 and 2018, there were no uncertain tax positions identified. The 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 the 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, 2019 and 2018. 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 917212 South America 0 0 Grantmaking N/A 351000 Europe (Including Iceland and Greenland) 0 0 Grantmaking N/A 255826 North America (Canada & Mexico only) 0 0 Grantmaking N/A 163671 South Asia 0 0 Grantmaking N/A 142370 Sub-Saharan Africa 0 0 Grantmaking N/A 125032 Russia and Neighboring States 0 0 Grantmaking N/A 74923 Central America and the Caribbean 0 0 Grantmaking N/A 30000 Middle East and North Africa 0 0 Grantmaking N/A 28974 0 0 0 0 0 0 2089008 0 2089008 SCHOLARSHIPS East Asia and the Pacific 71 917212 Credit Accrual 0 N/A N/A SCHOLARSHIPS South America 14 351000 Credit Accrual 0 N/A N/A Scholarships Europe (Including Iceland and Greenland) 19 255826 Credit Accrual 0 N/A N/A Scholarships North America (Canada & Mexico only) 9 163671 Credit Accrual 0 N/A N/A Scholarships South Asia 26 142370 Credit Accrual 0 N/A N/A Scholarships Sub-Saharan Africa 14 125032 Credit Accrual 0 N/A N/A Scholarships Russia and Neighboring States 8 74923 Credit Accrual 0 N/A N/A Scholarships Central America and the Caribbean 3 30000 Credit Accrual 0 N/A N/A Scholarships Middle East and North Africa 3 28974 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 X X X X X X X true Wilson Bennett Technology Inc 2239 Bill Foster Memorial Highway S te E Cabot AR 72023 Fundraising false 57357 52427 4930 57357 52427 4930 IL Real Estate Gala 211500 163480 48020 743 0 7640 75424 0 18065 Robin Golf Outing 69550 50570 18980 0 4340 9974 3278 0 2505 1 31504 29329 2175 0 0 8746 2376 0 30 312554 243379 69175 743 4340 26360 81078 0 20600 133121 -63946 true SCHOLARSHIPS 2461 29807021 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 420623 0 65250 0 101495 0 67000 0 9485 0 663853 0 57500 0 DR CAROLYN WILEY TRUSTEE 140675 0 0 0 0 0 10811 0 9521 0 161007 0 0 0 ANDREW M HARRIS TREASURER 151451 0 20000 0 7661 0 0 0 7192 0 186304 0 0 0 DR MICHAEL D FORD ASSISTANT SECRETARY 177590 0 0 0 158 0 11202 0 13106 0 202056 0 0 0 DR LOIS S BECKER PROVOST/EXEC VP ACAD AFFAIRS 257026 0 0 0 792 0 21456 0 27183 0 306457 0 0 0 DR MELISSA L HOGAN DEAN COLLEGE OF PHARMACY 229103 0 0 0 276 0 18768 0 15409 0 263556 0 0 0 DR BONNIE J GUNZENHAUSER DEAN COLLEGE OF ARTS & SCIENCES 184020 0 0 0 276 0 15200 0 13178 0 212674 0 0 0 DR THOMAS R PHILION DEAN COLLEGE OF EDUCATION 166250 0 0 0 516 0 13300 0 505 0 180571 0 0 0 Dr Rudy Marcozzi Dean Chicago College of Performing Arts 137265 0 0 0 412 0 11680 0 21381 0 170738 0 0 0 DR ASGHAR SABBAGHI DEAN Heller College of Business 229365 0 0 0 1524 0 6400 0 23391 0 260680 0 0 0 NEERAJ KUMAR VP INFO TECH AND CIO 189951 0 0 0 180 0 16320 0 33112 0 239563 0 0 0 MICHAEL JON CASSIDY VICE PRESDENT ENROLLMENT MGMT 162013 0 0 0 96 0 13600 0 26900 0 202609 0 0 0 JANICE L PARKIN Interim VP INSTITUTIONAL ADV UNTIL 7/1/2019 156518 0 0 0 499 0 8991 0 2543 0 168551 0 0 0 ALEXANDRA WRIGHT GENERAL COUNSEL 165284 0 0 0 96 0 4667 0 19353 0 189400 0 0 0 COLLETE ENGLISH DIXON EXEC DIR BENNETT INST RE 206934 0 0 0 792 0 5867 0 32001 0 245594 0 0 0 TANGELLA S MADDOX Associate VP for Finance 184377 0 0 0 180 0 12234 0 12187 0 208978 0 0 0 DR GORDON L PATZER PROFESSOR OF MARKETING 177714 0 0 0 0 0 14586 0 11613 0 203913 0 0 0 DR SAMUEL ROSENBERG Professor of Economics 159311 0 0 0 1143 0 13507 0 22236 0 196197 0 0 0 THOMAS W HAMILTON PROFESSOR OF REAL ESTATE 157577 0 0 0 516 0 13382 0 22493 0 193968 0 0 0 Henry Fogel Former Dean Chicago College of Performing Arts 149236 0 0 0 1854 0 12327 0 15302 0 178719 0 0 0 Donald E Jones JR Former VP Institutional Advancement 143988 0 10688 0 396 0 20833 0 8218 0 184123 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. $57,500 was distributed this tax year. A Illinois Finance Authority 861091967 45200FCN7 2007-12-14 45607613 See Part V false false false B Illinois Finance Authority 861091967 45204EJ66 2018-09-27 8588409 See Part V false false false C Illinois Finance Authority 861091967 45204EN61 2018-11-14 66300166 See Part V false false false D Illinois Finance Authority 861091967 45204EJ41 2019-07-03 113755042 See Part V 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 66168498 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 true false true C false true false false 0.0 0.0099 0.0099 true false true D false true false false 0.0 0.017 0.017 true 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 Bond Issues - Description of purpose These serial bonds were issued on behalf of Roosevelt by the Illinois Financial Authority to refund and cancel a portion of the Serial 2009 Bonds. These Bonds were escrowed to the October 2019 call date by the September 2018 transactions. The serial Bonds 2018A were converted into tax-exempt bonds. Bonds Issues - Description of purpose These serial bonds were issued on behalf of Roosevelt by the Illinois Financial Authority to refund and cancel a portion of the Serial 2009 Bonds. These Bonds were escrowed to the October 2019 call date by the September 2018 transactions. The serial Bonds 2018B was converted into tax-exempt bonds with the same terms, maturity date, and interest rate as that of 2018A. Bond Issues - Description of purpose The Illinois Financial Authority in July 2019 issued a tax-exempt Series Bonds 2019A on behalf of Roosevelt refund and redeemed the remaining taxable 2018 Bonds. The issues of the 2019A completed the conversion of all the taxable 2018 Bonds to tax-exempt Bonds. The terms, maturity date, and interest rate of this bond are the same as those of the 2018A and 2018B Series Bonds. 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 NA - SEE PART V N/A - SEE PART V 13000 MERIT BASED SCHOLARSHIP Academic Schedule L, Part V GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS A TOTAL OF $13,000 OF MERIT SCHOLARSHIPS WERE PROVIDED TO STUDENT TRUSTEES. 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 10 117435 Market value X Equipment and Repair Materials 79 41056 Market value X Guitar 1 12000 Market value X Piano 1 27500 Market value X Clothes 1 500 Market value X Art Supplies 1 229 Market value X Raffle prizes for Golf Outing 30 4340 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. 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 Seminar and lectures - Total Revenue: 21765, Related or Exempt Function Revenue: 21765, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Miscellaneous income - Total Revenue: 14286, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 14286; RUDC State SPE LLC 430 S Michigan Ave Chicago IL 60605 (SEE STATEMENT) DE 0 0 Roosevelt University 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 UNIVERSITY DEVELOPMENT CORPORATION 430 SOUTH MICHIGAN AVENUE CHICAGO IL 606051315 274036050 CHARITABLE AND EDUCATIONAL IL 501(c)(3) Type I ROOSEVELT UNIVERSITY true false false true false false false false false false true true true true true true true true false false Roosevelt University Development Corporation C 22278566 Net Book Value Auditorium Theatre of Roosevelt University J 102000 Cash Auditorium Theatre of Roosevelt University K 139303 Cash Auditorium Theatre of Roosevelt University Q 2487985 CASH Schedule R, Part I, Column (b) Primary Activity Operated exclusively for charitable, scientific and educational purposes of Roosevelt University, a corporation that is itself organized and operated exclusively for charitable, scientific, and educational purposes