2019-05-09T18:30:12-05:00 2018-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2017-07-01 362181973 Rosalind Franklin University of Medicine and Science ROSA 8475783000 3333 Green Bay Road North Chicago IL 600643095 JOHN NYLEN VP OF FINANCE AND ADMINISTRATION 2019-05-09 true NICOLE BENCIK P00756195 3128997000 2017 2019-02-21 02:37:17Z Wendy Rheault 3333 Green Bay Road North Chicago IL 600643095 123853124 false X www.rosalindfranklin.edu X 2007 IL The mission of Rosalind Franklin University is to serve the nation through the interprofessional education of health and biomedical professionals and the discovery of knowledge dedicated to improving the health of its people. 15 12 1351 19 -3406 0 16178006 18974127 92312521 96533538 2936793 2100646 2113974 1340304 113541294 118948615 6429937 8981918 0 71503560 73169938 0 0 816731 36290921 37728459 114224418 119880315 -683124 -931700 243505209 247271064 111137608 113231602 132367601 134039462 X Private research university with approximately 2,100 students enrolled in four colleges on a campus located in North Chicago, Illinois. Founded in 1911, RFUMS began as the Chicago Medical School and has grown to include the Dr. William M. Scholl College of Podiatric Medicine, The College of Health Professions and The College of Pharmacy. The mission of RFUMS is to serve the nation through the education of health and biomedical professionals and the discovery of knowledge dedicated to improving the health of its people. The University's mission is uniquely accomplished with a focus on interprofessional education, community service and research. false false 68581741 8981918 88045499 INSTRUCTION - THE PRIMARY PURPOSE OF THE UNIVERSITY IS TO EDUCATE AND TRAIN MEDICAL AND OTHER HEALTHCARE PROFESSION STUDENTS. IN 2017, RFUMS TRAINED APPROXIMATELY 2,145 STUDENTS. THE CHICAGO MEDICAL SCHOOL HAD 788 ENROLLED AND ACTIVE STUDENTS. THE COLLEGE OF HEALTH PROFESSIONS HAD 714 STUDENTS ENROLLED IN FIFTEEN PROGRAMS. THE SCHOLL COLLEGE OF PODIATRIC MEDICINE HAD 343 STUDENTS. THE COLLEGE OF PHARMACY HAD 217 STUDENTS. THE SCHOOL OF GRADUATE AND POST-DOCTORATE STUDIES HAD 29 STUDENTS. 22112177 0 0 PATIENT CARE - THE UNIVERSITY UTILIZES EXISTING LABORATORY FACILITIES AND PERSONNEL TO PROCESS GENERAL LAB TESTS AND SPECIALIZED LAB TESTS FOR REPRODUCTIVE IMMUNOLOGY. THE SCHOLL FOOT & ANKLE CENTER AT THE ROSALIND FRANKLIN UNIVERSITY HEALTH CLINICS (RFUHC) IS A FULLY FUNCTIONING PODIATRY CLINIC THAT ALSO SERVES AS A TRAINING FACILITY FOR STUDENTS FROM THE DR. WILLIAM M. SCHOLL COLLEGE OF PODIATRIC MEDICINE. SECOND- AND THIRD-YEAR PODIATRY STUDENTS COMPLETE REQUIRED CLERKSHIPS AT THE SCHOLL FOOT & ANKLE CENTER, DURING WHICH TIME THE STUDENTS PARTICIPATE IN DIRECT PATIENT CARE AND DEVELOP PROFICIENCY IN THE ASSESSMENT, DIAGNOSIS AND TREATMENT OF PODIATRIC MALADIES. ALL STUDENTS ARE SUPERVISED IN THE CLINIC BY LICENSED PODIATRIC PHYSICIANS FROM SCHOLL COLLEGE OF PODIATRIC MEDICINE. ADDITIONALLY, FOURTH-YEAR MEDICAL STUDENTS FROM THE CHICAGO MEDICAL SCHOOL COMPLETE SENIOR ELECTIVE CLERKSHIPS IN PSYCHIATRY AT THE RFUHC BEHAVIORAL HEALTH CENTER, A FULLY FUNCTIONING OUTPATIENT BEHAVIORAL HEALTH CLINIC PROVIDING PSYCHIATRIC AND PSYCHOLOGICAL SERVICES. THE STUDENTS OBSERVE AND PARTICIPATE IN DIRECT PATIENT CARE AND DEVELOP PROFICIENCY IN THE ASSESSMENT, DIAGNOSIS AND TREATMENT OF BEHAVIORAL HEALTH DISORDERS. ALL STUDENTS ARE SUPERVISED BY LICENSED PSYCHIATRISTS FROM THE CHICAGO MEDICAL SCHOOL. 4346935 0 4221309 RESEARCH - A CORE COMPONENT OF THE UNIVERSITY'S MISSION IS THE DISCOVERY OF KNOWLEDGE DEDICATED TO IMPROVING THE HEALTH OF THE NATION'S PEOPLE. IN ADDITION TO INSTRUCTION, MANY OF THE UNIVERSITY FACULTY ENGAGE IN UNIVERSITY-FUNDED AND EXTERNALLY FUNDED RESEARCH PROJECTS. PRIMARY AREAS OF RESEARCH FOCUS INCLUDE: STRUCTURAL BIOLOGY/ BIOCHEMISTRY, NEUROSCIENCES, AND CANCER/CELL/DEVELOPMENT BIOLOGY. EXTERNAL FUNDING COMES FROM THE NATIONAL INSTITUTE OF HEALTH AND ORGANIZATIONS SUCH AS THE AMERICAN DIABETES ASSOCIATION, THE AMERICAN CANCER SOCIETY AND THE AMERICAN HEART ASSOCIATION. 4651460 0 5595688 OTHER PROGRAM SERVICE REVENUES AND EXPENSES INCLUDE INTEREST ON STUDENT LOANS AND PENALTIES, STUDENT HOUSING REVENUE AND OTHER PROGRAM SERVICES. 4651460 5595688 99692313 true true false true false false false false true true true false true true true false true true false true false false false false false false false true true true false false false false false false false false true false false false false false false true true true false false true 2964 0 true 1351 true true true false false false false false true false false false X 15 12 false false true false false false false true true false false true true true true true true true true false MD X JOHN NYLEN 8475783000 3333 GREEN BAY ROAD North Chicago IL 600643095 Frank H Mynard Chair 1.0 1.0 X X 0 0 0 Elizabeth Coulson Vice Chair/Trustee 1.0 0.0 X X 0 0 0 Pamela Scholl Trustee/Secretary 1.0 0.0 X X 0 0 0 Michael C Foltz Treasurer/Trustee 1.0 0.0 X X 0 0 0 Dr Michael K Welch President & CEO/Trustee 39.0 1.0 X X 820921 0 60052 Rosalind Franklin Jekowsky Trustee 1.0 0.0 X 0 0 0 Alan Weinstein Trustee 1.0 0.0 X 0 0 0 Lawyer L Burks III Trustee 1.0 0.0 X 0 0 0 Allan Cohen Trustee 1.0 0.0 X 0 0 0 Sarah Garber Faculty/Trustee 40.0 0.0 X 147327 0 36073 Thomas G Moore Trustee 1.0 0.0 X 0 0 0 Gail Warden Trustee 1.0 0.0 X 0 0 0 David Leach Trustee 1.0 0.0 X 0 0 0 Cheryl Kraff-Cooper Trustee 1.0 1.0 X 0 0 0 Judith Potashkin Faculty /Trustee 40.0 0.0 X 159772 0 46941 Sandra Bruce Trustee (Partial Year) 1.0 0.0 X 0 0 0 Elder Granger Trustee (Partial Year) 1.0 0.0 X 0 0 0 Franklin D Pratt Trustee (Partial Year) 1.0 0.0 X 0 0 0 Carey Strom Trustee (Partial Year) 1.0 0.0 X 0 0 0 Jack W Hutter Trustee (Partial Year) 1.0 0.0 X 0 0 0 Wendy Rheault Provost 40.0 0.0 X 421841 0 39273 John Nylen CFO 30.0 10.0 X 348561 0 28347 Joseph X DiMario Dean 40.0 0.0 X 212092 0 33897 Ronald Kaplan VP Research 40.0 0.0 X 328051 0 47738 Marc Abel Dean 40.0 0.0 X 239893 0 55260 Judith Stoecker VP Faculty Affairs 40.0 0.0 X 191820 0 27373 Nancy Parsley Dean 40.0 0.0 X 279406 0 32871 James Record Dean 40.0 0.0 X 539514 0 48732 Dr Stuart Goldman Executive Chair of Clinic Science/Professor 40.0 0.0 X 425604 0 58471 Michael Zdon Department Chair 40.0 0.0 X 338647 0 44809 Nutan Atre-Vaidya Sr Assoc. Dean for Academic Learning, Chair of Psy 40.0 0.0 X 325992 0 44911 Marina Wolf Professor & Chair 40.0 0.0 X 264193 0 40634 Robert Bridges Professor and Director of Cystic Fibrosis Research 40.0 0.0 X 258968 0 57779 Jeanette Morrison Associate Dean Medical Affairs 40.0 0.0 X 257319 0 39449 5559921 0 742610 175 true true false Harvard Maintenance Inc 525 Lively Boulevard Elk Grove Village IL 60007 Janitorial Svcs 1276938 Midwest Diagnostic Pathology 1775 Dempster Street Park Ridge IL 60068 Lab Svcs 827132 Woodlands On Green Bay Apartments 1246 Remington Rd Schaumberg IL 60173 Student housing svcs 541120 Ellucian 1246 Remington Rd schaumberg IL 60173 ERP Svcs 424410 Balanced Environment Inc 17950 West Route 173 Old Mill Creek IL 60083 Landscaping 368431 15 X 9951028 9023099 18974127 Tuition & Fees 611310 88045499 88045499 Patient care 621400 5884874 5884874 Student housing revenue 611310 2487755 2487755 Income from Student Loan Interest 611310 115410 115410 0 0 0 0 96533538 1922592 -3482 1926074 11346 11346 0 11346 11346 5082563 4904509 178054 0 178054 76 177978 Compound Testing - Lab 621500 708650 708650 Transcript and registration fees 900099 52993 52993 Book Store sales 900099 159887 159887 407428 407428 0 0 1328958 118948615 97862496 -3406 2115398 8981918 8981918 3941529 1901853 1885431 154245 193464 120037 73427 54360354 46415185 7738575 206594 3549947 3098989 443131 7827 7000717 6063100 865004 72613 4123927 3469476 624734 29717 0 0 0 0 975105 0 975105 0 394417 0 394417 0 21000 0 21000 0 109667 0 109667 0 7946046 7248473 665045 32528 739681 136009 603672 0 7348695 6956463 319899 72333 1762484 0 1762484 0 6127129 5787770 134910 204449 1046607 905573 121237 19797 0 0 0 0 302756 272780 27123 2853 2759929 2246617 513312 0 6673691 5428405 1245286 796027 56607 739420 Equipment and Maintenance 44528 20961 22961 606 Bond Fees 54041 43957 10084 0 Membership Expenses 534451 481747 45944 6760 92205 56393 29403 6409 119880315 99692313 19371271 816731 14063472 11096398 57293 26801 1047065 953827 3286979 6470961 0 0 0 8551022 8024395 2413837 2564486 217380786 105844346 108712919 111536440 61768770 58625968 27069753 28398253 0 915264 1172570 15618835 18400965 243505209 247271064 15692681 16983074 6043044 6191574 57625000 62390000 0 3871114 31776883 23795840 111137608 113231602 X 118100129 119065348 6325141 6715239 7942331 8258875 132367601 134039462 243505209 247271064 X -931700 3686358 0 0 -1082797 X false true X true true true X 18148911 19687752 17591076 16178006 18974127 90579872 0 0 18148911 19687752 17591076 16178006 18974127 90579872 0 90579872 2118127 1536899 1868724 2259896 1937420 9721066 3321 3321 0 0 0 0 0 0 100304259 462769764 0.9031 0.9183 X false false false false false false true 21000 false false 21000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University's lobbying expenses represent fees paid to a government relations consultant who works with the organization on its relations with state elected officials in Springfield. The consultant has facilitated meetings with state legislators, kept the organization apprised of legislation that impacts higher education, and apprised the organization of potential state funding opportunities. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University's lobbying expenses represent fees paid to a government relations consultant who works with the organization on its relations with state elected officials in Springfield. The consultant has facilitated meetings with state legislators, kept the organization apprised of legislation that impacts higher education, and apprised the organization of potential state funding opportunities. 81185863 4508114 5684524 259627 8046310 83072564 73928980 5280607 8173494 226461 5970757 0 81185863 74432034 4014251 -993832 211504 3311969 0 73928980 70089700 4123762 448546 260954 -30980 0 74432034 64190162 2809742 6466942 478772 2898374 0 70089700 0.8938 0.0982 0.008 false false 15224757 15224757 143912671 68613940 75298731 2600000 0 2600000 47095708 37230406 9865302 8547650 0 8547650 111536440 Real Assets 2406016 F private equity 1100576 F hedge funds 24891661 F 28398253 DUE FROM RELATED ORGANIZATION 18400965 18400965 Federal Equity in student loan program 7147453 Postretirement healthcare benefits 16648387 Interest rate swap agreement 0 23795840 X Schedule D, Part V, Line 4 Intended uses of endowment funds The University's endowment is comprised of both donor-restricted and board-designated funds. The Investment Committee of the Board of Trustees provides oversight over the investment of those endowment funds by establishing policies and procedures concerning the management of endowment funds. Investment is consistent with the Uniform Prudent Management of Institutional Fund Act (UPMIFA). RFUMS has adopted a Total Return Spending Policy, which allocates an amount annually to be utilized according to donor restrictions or for advancing the University's mission in unfunded areas. The majority of donor-restricted funds provide scholarships and student aid. Funds generated by board-designated funds are used to support strategic initiatives and to provide general operating support. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University has received a favorable letter of determination from the Internal Revenue Service concerning its tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. The University files a Form 990 annually. When these returns are filed , it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the tax position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to universities include such matters as the following: the tax exempt status of each entity and various positions relative to potential sources of unrelated business income tax (UBIT). UBIT is reported on Form 990-T, as appropriate. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for uncertain tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of June 30, 2018 and 2017, 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 the examination by the 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. The University would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. The University has no amounts accrued for interest or penalties as of June 30, 2018 and 2017. true true true true true true true false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY Announcements indicate that the University is open to everyone regardless of race, gender, color, or creed. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Rosalind Franklin University of Medicine & Science applies for and receives research grants, as approved on a case by case basis, from various Federal agencies. The University also participates in Federal student aid programs for qualified students, specifically Perkins, Federal Direct Loan, Federal Work Study, and Health Profession Student Loans. The Federal grants and loans are reported in the University's A-133 Single Audit. Europe (Including Iceland and Greenland) 0 0 Program Services CONFERENCES AND MEETINGS 31443 North America (Canada & Mexico only) 0 0 Program Services CONFERENCES AND MEETINGS 3354 East Asia and the Pacific 0 0 Program Services CONFERENCES AND MEETINGS 21002 Central America and the Caribbean 0 0 Program Services CONFERENCES AND MEETINGS 23073 South America 0 0 Program Services CONFERENCES AND MEETINGS 6579 Sub-Saharan Africa 0 0 Program Services CONFERENCES AND MEETINGS 12793 Central America and the Caribbean 0 0 Investments 13457670 0 0 0 0 0 0 13555914 0 13555914 true false true false true false Schedule F, Part I, Line 3 METHOD TO ACCOUNT FOR EXPENDITURES ON ORGANIZATION'S FINANCIAL STATEMENTS ACCRUAL ACCOUNTING METHOD true TUITION WAIVERS 786 5044683 PRIVATE SCHOLARSHIPS 428 3056556 DEPT. OF DEFENSE SCHOLARSHIPS 16 784835 DEPENDENT TUITION WAIVERS 5 95844 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Grants and scholarships are awarded to students via a direct reduction in their billed tuition for the term under which the grant or scholarship applies. The use of these grants and scholarships is limited in that monies can only be applied to tuition costs related to the specific RFUMS program a recipient is enrolled in. X true true X X X false true false false false false false false false Dr Michael K Welch President & CEO/Trustee 781921 0 0 0 39000 0 27000 0 33052 0 880973 0 0 0 Sarah Garber Faculty/Trustee 147327 0 0 0 0 0 15845 0 20228 0 183400 0 0 0 Judith Potashkin Faculty /Trustee 159772 0 0 0 0 0 16628 0 30313 0 206713 0 0 0 Wendy Rheault Provost 421841 0 0 0 0 0 27000 0 12273 0 461114 0 0 0 John Nylen CFO 348561 0 0 0 0 0 27000 0 1347 0 376908 0 0 0 Joseph X DiMario Dean 212092 0 0 0 0 0 21732 0 12165 0 245989 0 0 0 Ronald Kaplan VP Research 328051 0 0 0 0 0 27000 0 20738 0 375789 0 0 0 Marc Abel Dean 239893 0 0 0 0 0 24900 0 30360 0 295153 0 0 0 Judith Stoecker VP Faculty Affairs 191820 0 0 0 0 0 19500 0 7873 0 219193 0 0 0 Nancy Parsley Dean 279406 0 0 0 0 0 27000 0 5871 0 312277 0 0 0 James Record Dean 539514 0 0 0 0 0 27000 0 21732 0 588246 0 0 0 Dr Stuart Goldman Executive Chair of Clinic Science/Professor 425604 0 0 0 0 0 27000 0 31471 0 484075 0 0 0 Michael Zdon Department Chair 338647 0 0 0 0 0 27000 0 17809 0 383456 0 0 0 Nutan Atre-Vaidya Sr Assoc. Dean for Academic Learning, Chair of Psy 325992 0 0 0 0 0 27000 0 17911 0 370903 0 0 0 Marina Wolf Professor & Chair 264193 0 0 0 0 0 26982 0 13652 0 304827 0 0 0 Robert Bridges Professor and Director of Cystic Fibrosis Research 258968 0 0 0 0 0 26745 0 31034 0 316747 0 0 0 Jeanette Morrison Associate Dean Medical Affairs 257319 0 0 0 0 0 18886 0 20563 0 296768 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use RFUMS PROVIDES HOUSING FOR ITS PRESIDENT, DR. K. MICHAEL WELCH. THE COST ASSOCIATED WITH THIS BENEFIT WAS $39,000 AND WAS TREATED AS TAXABLE COMPENSATION. ACCORDINGLY, THIS COMPENSATION HAS BEEN INCLUDED IN W-2 WAGES. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE UNIVERSITY HAS AN AGREEMENT WITH DR. K. MICHAEL WELCH WHICH PROVIDES FOR A SUPPLEMENTAL RETIREMENT BENEFIT UPON HIS RETIREMENT. There were no contributions made during 2017. THE PLAN FULLY VESTS DURING 2018. A Illinois Finance Authority Series 2017A 861091967 45204EVQ8 2017-08-18 55075000 REFUND 2003 & 2012 BONDS false false false A 0 0 55075000 0 0 0 724111 0 54350889 true false true true A false false false false 0.0 0.0 0.0 false false true A false true false false true false false false true A true JUNE MAYOR WIFE OF KEY EMPLOYEE 75887 EMPLOYEE OF THE UNIVERSITY false HERENA RECORD James Record' wife 17965 EMPLOYEE OF THE UNIVERSITY false Form 990, Part I, Line 7a UNRELATED BUSINESS INCOME THE FORM 990-T SHOWS UNRELATED BUSINESS INCOME IN THE AMOUNT OF $7,967. THIS AMOUNT INCLUDES DISALLOWED TRANSPORTATION FRINGE BENEFITS OF $11,373, WHICH IS NOT REFLECTED ON PART VIII, COLUMN C. AS A RESULT, PART I, LINE 7A IS $(3,406). Form 990, Part III, Line 4d Description of other program services (Expenses $ 4,651,460 including grants of $ 0)(Revenue $ 5,595,688) OTHER PROGRAM SERVICE REVENUES AND EXPENSES INCLUDE INTEREST ON STUDENT LOANS AND PENALTIES, STUDENT HOUSING REVENUE AND OTHER PROGRAM SERVICES. Form 990, Part VI, Line 1a Delegate broad authority to a committee Per Article 5, Section 2a of the Organization's By-Laws, the Executive Committee shall, when the Board is not in session, exercise all authority of the Board of Trustees, except as may be prohibited under law. The Board shall be notified of all actions taken by the Executive Committee at the Board's next meeting. Prior to the Executive Committee taking material actions on behalf of the Board, notice should be made to all Trustees of the pending matter in sufficient time to allow the Trustees to seek a special meeting to address that pending matter. The Executive Committee should consist of the Chair of the Board (as Chair of the Executive Committee), the Vice Chair of the Board, the Treasurer, the Secretary, the President, the Chairs of the standing committees, and additional Trustees at the discretion of the Chair with Board approval. The total number of Trustees on the Executive Committee should be approximately one-third of the total number of Trustees on the Board. Form 990, Part VI, Line 4 Significant changes to organizational documents The significant changes to the organizations By-Laws, amended on May 17, 2018, include: 1- Decreasing the total number of trustees from 20-25 to 15-20. 2- The term of the Chair and Vice Chair has been extended to two years, with the option to extend an additional year but not beyond a total of three years. 3- The nomination and education committee has been replaced by the Governance committee. This committees responsibilities include: ensuring the integrity of the board and enhancing board performance by establishing and maintaining standards of board conduct; identifying the expertise and experience needed by the board and, as appropriate, using this to recommend new board members; recommending slate of officers to the Executive Committee for Board approval; ensuring that board members have adequate orientation and ongoing education; assessing the performance of the board and board members; and recommending best practices with these bylaws and other board policies. Form 990, Part VI, Line 11b Review of form 990 by governing body The organization's chief financial officer conducts a detailed review of the Form 990 in conjunction with RFUMS' outside independent tax preparer. A formal review of the full Form 990 is then conducted by the organization's officers, members of management and the independent Executive Committee of the Board of Trustees prior to filing with the Internal Revenue Service. Subsequent to this review, a copy of the Full Form 990 is distributed to each voting member of the Board of Trustees prior to filing with the Internal Revenue Service. Form 990, Part VI, Line 12c Conflict of interest policy RFUMS has written conflict of interest policies for members of the Board of Trustees and officers of the corporation. In addition, conflict of interest policies and disclosure requirements cover senior administration and faculty, and all investigators engaged in university-sponsored or externally funded research. On an annual basis, members of the groups noted are required to disclose any interests that could give rise to any conflicts and provide a list of any potential and actual conflicts. Board of Trustees and Officer Disclosure documents are monitored by the Executive Committee of the Board. All others are monitored by the University Chief Compliance Officer. In the event of a conflict of interest, the individual is required to disclose the conflict and is prohibited from participating as a member of a committee or board in the matter in which there is a conflict. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE TOTAL COMPENSATION PACKAGE OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED, APPROVED AND REVIEWED EACH YEAR BY THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND REPORTED TO THE FULL BOARD OF TRUSTEES. THE ORGANIZATIONAL COMPENSATION PHILOSOPHY IS TO COMPENSATE TOP MANAGEMENT AT THE 75TH PERCENTILE OR BELOW OF THE MARKET. TO ENSURE THAT COMPENSATION IS BOTH REASONABLE AND COMPETITIVE, BIENNIALLY THE BOARD RETAINS THE SERVICES OF AN OUTSIDE INDEPENDENT CONSULTING FIRM WITH EXPERTISE IN ACADEMIC HEALTHCARE. THE INDEPENDENT CONSULTANT CONDUCTS A MARKET SURVEY THAT PROVIDES THE BOARD WITH COMPARABILITY DATA FOR COMPENSATION FOR SIMILARLY QUALIFIED PERSONS AT SIMILAR ORGANIZATIONS. THE DECISIONS AND DELIBERATIONS REGARDING THE REVIEW AND APPROVAL OF THE TOP MANAGEMENT OFFICIAL'S COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS LAST UNDERTAKEN FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IN JULY, 2018 Form 990, Part VI, Line 15b Process to establish compensation of other employees THE TOTAL COMPENSATION PACKAGE OF THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES IS ESTABLISHED, APPROVED AND REVIEWED EACH YEAR BY THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND REPORTED TO THE FULL BOARD OF TRUSTEES. THE ORGANIZATIONAL COMPENSATION PHILOSOPHY IS TO COMPENSATE THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES AT THE 75TH PERCENTILE OR BELOW OF THE MARKET. TO ENSURE THAT COMPENSATION IS BOTH REASONABLE AND COMPETITIVE, BIENNIALLY THE BOARD RETAINS THE SERVICES OF AN OUTSIDE INDEPENDENT CONSULTING FIRM WITH EXPERTISE IN ACADEMIC HEALTHCARE. THE INDEPENDENT CONSULTANT CONDUCTS A MARKET SURVEY THAT PROVIDES THE BOARD WITH COMPARABILITY DATA FOR COMPENSATION FOR SIMILARLY QUALIFIED PERSONS AT SIMILAR ORGANIZATIONS. THE DECISIONS AND DELIBERATIONS REGARDING THE REVIEW AND APPROVAL OF THE OTHER OFFICERS AND KEY EMPLOYEES' COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS LAST UNDERTAKEN FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES IN JULY, 2018 Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VII, Section A Compensation of Board Members Sarah Garber is not compensated by RFUMS in her capacity as a board member, but does receive compensation in her capacity as a faculty member of the university. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All Other Revenue - Total Revenue: 407428, Related or Exempt Function Revenue: 407428, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNREALIZED GAIN ON SWAP - -253628; POST RETIREMENT EXPENSE - -601729; POST RETIREMENT ACTUARIAL CHANGE - 677818; UNAMORTIZED BOND ISSUANCE COSTS - -905258; ROSALIND FRANKLIN UNIVERSITY HEALTH CLINICS 3333 GREEN BAY ROAD NORTH CHICAGO IL 60064 770691998 HEALTH CARE IL 501(c)(3) Type I RFUMS true false false false true false false false false false false false false false true true true false false false ROSALIND FRANKLIN UNIVERSITY HEALTH CLINICS D 18400966 TOTAL ACTUAL OUTSTANDING LOAN AT YEAR END ROSALIND FRANKLIN UNIVERSITY HEALTH CLINICS P 550411 ACTUAL COST