2020-04-14T16:03:31-05:00 2019-05-31 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2018-06-01 370661211 ILLINOIS COLLEGE ILLI 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 BARBARA FARLEY PRESIDENT 2172453003 2020-04-14 1 JILL M BOYLE CPA P01246734 2177933363 2020-04-14 104.231.245.211 2020-04-14 11:21:56 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D845358BABF1F13643AFD2AEE4BA53C7EABFA55A 2018 2021-01-29 14:40:06Z BARBARA FARLEY 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 139379630 0 X WWW.IC.EDU X 1835 IL ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING IN THE LIBERAL ARTS. 27 27 1030 100 22877 -45674 4249887 5388964 36474719 38419569 3589868 6363390 822941 1455986 45137415 51627909 17691440 18912849 0 0 17892157 17519941 118397 0 1610936 16177598 17654679 51879592 54087469 -6742177 -2459560 207132347 199366071 28428649 29011688 178703698 170354383 TRUE TO ITS FOUNDING VISION IN 1829, ILLINOIS COLLEGE IS A COMMUNITY COMMITTED TO THE HIGHEST STANDARDS OF SCHOLARSHIP AND INTEGRITY IN THE LIBERAL ARTS. THE COLLEGE DEVELOPS IN ITS STUDENTS QUALITIES OF MIND AND CHARACTER NEEDED FOR FULFILLING LIVES OF LEADERSHIP AND SERVICE. 0 0 49380584 18912849 39395178 PROVISION OF POST-SECONDARY EDUCATION TO APPROXIMATELY 1000 STUDENTS. 49380584 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 246 0 1030 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BARBARA FARLEY 2172453340 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 SUSAN J ALLEN BOARD MEMBER 1.00 X 0 0 0 TONYA J BAISE BOARD MEMBER 1.00 X 0 0 0 GERRY L BEARD BOARD MEMBER 1.00 X 0 0 0 BARRETT J CALLAGHAN BOARD MEMBER 2.00 X 0 0 0 ROBERT E CHIPMAN BOARD MEMBER 2.00 X 0 0 0 JOAN M DEBOER BOARD MEMBER & SECRETARY 2.00 X X 0 0 0 DEL C DUNHAM BOARD MEMBER 1.00 X 0 0 0 MICHAEL A FLETCHER BOARD MEMBER 1.00 X 0 0 0 JOEL C HARMON BOARD MEMBER 2.00 X 0 0 0 GARY R HAYNES BOARD MEMBER 2.00 X 0 0 0 DUANE E HESS BOARD MEMBER 1.00 X 0 0 0 JOHN S KAY BOARD MEMBER 1.00 X 0 0 0 JULIE B MACARTNEY BOARD MEMBER 1.00 X 0 0 0 PATRICK B MATHIS BOARD MEMBER 1.00 X 0 0 0 GREG C MAY BOARD MEMBER 1.00 X 0 0 0 ELLEN F RAMMELKAMP MILLER BOARD MEMBER 1.00 X 0 0 0 STEVEN R MILLS BOARD MEMBER AND CHAIR 3.00 X X 0 0 0 STEPHEN D OETGEN BOARD MEMBER 1.00 X 0 0 0 JOHN R POWER BOARD MEMBER 1.00 X 0 0 0 SUSAN L PRATT BOARD MEMBER AND VICE CHAIR 2.00 X X 0 0 0 WINSTON ROGERS III BOARD MEMBER 1.00 X 0 0 0 HENRY A SCHMITT BOARD MEMBER 1.00 X 0 0 0 JAMES W SPRADLIN BOARD MEMBER 1.00 X 0 0 0 JEAN C STATLER BOARD MEMBER 2.00 X 0 0 0 JOHN M WILLIAMSON BOARD MEMBER 1.00 X 0 0 0 GEORGE A ZELCS BOARD MEMBER 1.00 X 0 0 0 WILLIAM J MATTINGLY BOARD MEMBER 1.00 X 0 0 0 BARBARA FARLEY PRESIDENT 50.00 X 302774 0 37185 CATHARINE O'CONNELL PROVOST/DEAN OF COLLEGE 50.00 X 187985 0 41161 PATRICK WAGNER VP OF DEV & ALUMNI 50.00 X 164602 0 27405 TIM WEIS VP OF BUSINESS AFFAIRS/CFO 50.00 X 139526 0 26740 STEPHANIE CHIPMAN VP OF ENROLLMENT 50.00 X 136603 0 20631 MARY CARLS DIRECTOR OF ADMIN COMPUTER SERVICES 50.00 X 142369 0 5256 NAOMI HAHN PROFESSOR OF ENGLISH 50.00 X 122560 0 4598 PAUL SPALDING PROFESSOR OF RELIGION 50.00 X 126426 0 4682 MINDY CARLSON DEAN OF STUDENTS 50.00 X 129622 0 8137 KENT ELWOOD PROFESSOR OF PSYCHOLOGY 50.00 X 129924 0 5266 1582391 0 181061 12 0 1 0 CHARTWELLS 91337 COLLECTIONS DRIVE CHICAGO IL 606931337 FOOD SERVICE 2067100 HAROLD O'SHEA PO BOX 603519 CHARLOTTE NC 282603519 CONSTRUCTION 591775 HYMES CONSTRUCTION 108 ELDEN LANE JACKSONVILLE IL 62650 CONSTRUCTION 536927 SHAW CONTRACT FLOORING SERVICES INC 417 MAIN STREET JASPER IN 47546 CONSTRUCTION 492530 EXCAVATING PARTNERS INC 777 EAST WISCONSIN AVE MILWAUKEE WI 53202 CONSTRUCTION 468250 15 684667 4704297 191967 5388964 TUITION AND FEES 900099 31107090 31107090 AUXILIARY REVENUE 900099 7312479 7312479 38419569 3126610 3126610 90987101 1400 87748136 3585 3238965 -2185 3236780 3236780 OTHER INVESTMENT INCOME 900099 457500 457500 998486 975609 22877 1455986 51627909 39395178 22877 6820890 18912849 18912849 1085545 396938 472520 216087 12807545 11292412 919582 595551 559078 492939 40142 25997 2132648 1880356 153124 99168 935125 824500 67142 43483 22170 22170 82866 82866 279275 279275 2051224 1808564 147278 95382 153871 135668 11048 7155 1178064 1038699 84585 54780 501589 442251 36014 23324 3233589 2851055 232172 150362 1126002 992796 80847 52359 343942 303254 40688 3518682 3102422 252641 163619 554299 488725 39799 25775 MEAL PLAN 1860115 1860115 SMALL EQUIPMENT 846139 746041 63893 36205 TEXTBOOKS 709225 709225 MEALS & ENTERTAINMENT 405351 357398 32244 15709 788276 744377 37919 5980 54087469 49380584 3095949 1610936 8519804 7816044 725053 539630 368540 485661 1951367 1669076 34100 72133 471838 1188878 131094129 73363916 58865697 57730213 112437872 105713201 4902545 4764437 18855531 19386798 207132347 199366071 6947976 6560344 1969418 1758746 12986484 12085584 5000000 6000000 1524771 2607014 28428649 29011688 X 72017112 69198441 52180538 45963720 54506048 55192222 178703698 170354383 207132347 199366071 X -2459560 -5421975 -467780 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 137753933 861043 1052214 9761753 129905437 137538362 759194 8233678 8777301 137753933 134885361 1642735 12294062 11283796 137538362 150123669 808192 -5931751 10114749 134885361 148409451 2492210 8956583 9734575 150123669 0.25320 0.32270 0.42410 0 0 465933 465933 99321139 47401826 51919313 8655567 5827042 2828525 22630485 20135048 2495437 21005 21005 57730213 ACCRUED INTEREST RECEIVABLE 23418 BENEFICIAL INTEREST NONPERPETUAL TRUST 862299 DEFERRED UNDERWRITING CHARGES 129091 REAL ESTATE 18255162 OTHER ASSETS 116828 19386798 ADVANCES FROM US GOVERNMENT, PERKINS LOAN PROGRAM 1532213 CAPITAL LEASE 1074801 2607014 X 26546030 -5421975 -467780 -5889755 32435785 279275 18912849 19192124 51627909 34895345 0 34895345 279275 18912849 19192124 54087469 PART V, LINE 4: THE COLLEGE HAS THE FOLLOWING DONOR RESTRICTED ENDOWMENT FUNDS: GENERAL INSTITUTIONAL SUPPORT, SCHOLARSHIP SUPPORT, EDUCATIONAL PROGRAM SUPPORT, ACADEMIC AWARD SUPPORT, BUILDING AND MAINTENANCE SUPPORT AND LOAN FUND SUPPORT. PART X, LINE 2: THE COLLEGE HAS A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE COLLEGE IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. AS SUCH, THE COLLEGE IS SUBJECT TO FEDERAL INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE INTERNAL REVENUE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 42,912. RETIREMENT AND RESTRUCTURING PROGRAM -510,692. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 18,912,849. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 18,912,849. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS INCLUDED IN ALL STUDENT RECRUITMENT CAMPAIGNS. THIS POLICY IS ALSO INCLUDED IN THE EMPLOYEE & STUDENT HANDBOOKS. SCHEDULE E, PART I, LINE 6 ILLINOIS COLLEGE RECEIVES FEDERAL AND STATE AID THAT IS PASSED THROUGH TO STUDENTS. THE COLLEGE PARTICIPATES IN THE TITLE IV FEDERAL STUDENT AID PROGRAM. THESE PROGRAMS INCLUDE PELL GRANT AND FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITIES GRANT. CENTRAL AMERICA & THE CARIBEAN 0 25 PROGRAM SERVICES ACADEMIC ADVANCEMENT, RESEARCH, STUDENT BREAKAWAY 16143 EAST ASIA 0 9 PROGRAM SERVICES ADMISSIONS-RECRUITING, ACADEMIC ADVANCEMENT, STUDENT BREAKAWAY, RESEARCH 10409 EUROPE 0 13 PROGRAM SERVICES ACADEMIC ADVANCEMENT, RESEARCH, STUDENT BREAKAWAY 20628 NORTH AMERICA 0 2 PROGRAM SERVICES ADMISSIONS-RECRUITING, ACADEMIC ADVANCEMENT 2171 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 14450824 0 49 0 0 0 49 14500175 0 14500175 1 0 1 1 0 0 1 STUDENT SCHOLARSHIPS 989 18912849 BOOK PART I, LINE 2: SCHOLARSHIPS AWARDED TO STUDENTS ARE AUTOMATICALLY CREDITED TO THEIR ACCOUNT WITH THE COLLEGE TO OFFSET TUITION AND OTHER SIMILAR COSTS. NO CASH IS AWARDED DIRECTLY TO THE STUDENTS. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 BARBARA FARLEY PRESIDENT 295762 0 0 0 7012 0 28750 0 8435 0 339959 0 0 0 CATHARINE O'CONNELL PROVOST/DEAN OF COLLEGE 171699 0 0 0 16286 0 18764 0 22397 0 229146 0 0 0 PATRICK WAGNER VP OF DEV & ALUMNI 151117 0 0 0 13485 0 8010 0 19395 0 192007 0 0 0 TIM WEIS VP OF BUSINESS AFFAIRS/CFO 138807 0 0 0 719 0 7405 0 19335 0 166266 0 0 0 STEPHANIE CHIPMAN VP OF ENROLLMENT 134693 0 0 0 1910 0 7076 0 13555 0 157234 0 0 0 PART I, LINE 1A THE COLLEGE'S PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND A RESIDENCE IS PROVIDED. THE PRESIDENT AND VICE PRESIDENT OF DEVELOPMENT BOTH HAVE SOCIAL CLUB MEMBERSHIPS AT JACKSONVILLE COUNTRY CLUB FOR BUSINESS PURPOSES. PART 1, QUESTION 4B THE COLLEGE HAS A 457(B) DEFERRED COMPENSATION PLAN THAT IS A NONQUALIFIED RETIREMENT PLAN FOR THE OFFICERS OF THE COLLEGE. A ILLINOIS FINANCING AUTHORITY 861091967 452000KS6 2005-01-13 15000000 CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 B ILLINOIS FINANCING AUTHORITY 861091967 2010-12-23 3900000 ENERGY PROJECT 0 0 0 A 645000 15000000 228875 14771125 2006 0 0 1 1 B 255900 3900000 161522 71343 3828657 2011 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 X 6 185958 FMV X TRAVEL 4 3077 COST X EQUIPMENT/FURNITURE 2 2407 COST X OFFICE SUPPLIES 2 525 COST 0 1 1 PART I, LINE 32B: NATIONAL FINANCIAL SERVICES WAS USED TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE-ROBERT E. CHIPMAN IS THE FATHER-IN-LAW TO OFFICER-VP ENROLLMENT, STEPHANIE CHIPMAN FOR A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES HAVE DIRECTED THE AUDIT WORKING GROUP OF THE FINANCE AND AUDIT COMMITTEE TO REVIEW THE ANNUAL 990. THE AUDIT WORKING GROUP HAS THE ACCOUNTING EXPERTISE TO UNDERSTAND AND EVALUATE THE 990. AFTER THE AUDIT WORKING GROUP REVIEWS AND APPROVES THE 990, THE BOARD OF TRUSTEES ARE PROVIDED AN ELECTRONIC FORM AND A PAPER COPY UPON REQUEST FOR REVIEW. AFTER THE FORMS ARE MADE AVAILABLE TO THE BOARD OF TRUSTEES, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY MEMBERS OF THE BOARD OF TRUSTEES COMPLETE A DISCLOSURE FORM. THE PRESIDENT'S OFFICE COLLECTS THE FORMS. THESE FORMS ARE PROVIDED TO THE BOARD CHAIRPERSON AND REVIEWED FOR ANY CONFLICTS OF INTEREST. THE COLLEGE HAS A HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY. THIS IS PROVIDED TO ALL FACULTY, STAFF, BOARD OF TRUSTEES AND STUDENTS. MANAGEMENT MONITORS AND ENFORCES THIS POLICY BY OBSERVATION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE USES SEVERAL FACTORS TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMLOYEES. THE COLLEGE USES AN INDEPENDENT SEARCH FIRM FOR THE SELECTION OF PRESIDENT OF THE COLLEGE, ALONG WITH A SEARCH COMMITTEE SELECTED BY THE BOARD OF TRUSTEES. THE OFFICES OF THE COLLEGE CONSIST OF THE PRESIDENT AND VICE PRESIDENT CABINET MEMBERS. THE TRUSTEES OF THE COLLEGE DETERMINE THE PRESIDENT'S SALARY. THE PRESIDENT OF THE COLLEGE DETERMINES THE SALARY OF ALL VICE PRESIDENTS. THE COLLEGE USES SALARY SURVEYS, COMPARABLE DATA FROM OUR PEER INSTITUTIONS, AND YEARS OF EXPERIENCE WHEN DETERMINING COMPENSATION RANGES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST TRUSTS 42,912. RETIREMENT AND RESTRUCTURING PROGRAM -510,692. ILLINOIS COLLEGE STUDENT PAYROLL LLC 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 62650 834140081 STUDENT PAYROLL IL 0 998 ILLINOIS COLLEGE