2019-06-17T17:01:12-05:00 2018-07-31 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2017-08-01 364480416 EDUCATIONAL ADVANCEMENT FUND INC EDUC 3123626659 55 EAST JACKSON BOULEVARD CHICAGO IL 60604 JEFFREY BETHKE PRESIDENT 3123626659 2019-06-17 1 REBEKUH ELEY P01247672 3126343400 66.98.98.130 2019-06-17 16:33:36 CD P 4DB95FF55FB53B550C3CDD87C9F85B6D6A3C4B05 2A28FA2E2A09A40AF4F0A751499BE74D16D20E85 2017 2019-02-21 02:37:17Z UNIVERSITY CENTER OF CHICAGO JEFFREY BETHKE 55 EAST JACKSON BOULEVARD CHICAGO IL 60604 517845 0 X N/A X 2001 DE THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS THE MAINTENANCE OF A RESIDENTIAL HOUSING COMPLEX FOR THE BENEFIT OF THREE CHICAGO-AREA TAX-EXEMPT INSTITUTIONS OF HIGHER LEARNING AND PROVIDING HOUSING TO THE STUDENTS THEREOF. X 6 0 0 0 0 0 0 0 24548431 0 103351119 202571 3383730 243216 131283280 445787 0 0 0 0 0 0 0 0 0 32709050 603601 32709050 603601 98574230 -157814 25578134 77620 4494346 77098 21083788 522 THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS THE MAINTENANCE OF A RESIDENTIAL HOUSING COMPLEX FOR THE BENEFIT OF THREE CHICAGO-AREA TAX-EXEMPT INSTITUTIONS OF HIGHER LEARNING AND PROVIDING HOUSING TO THE STUDENTS THEREOF. 0 0 194711 173536 EDUCATIONAL ADVANCEMENT FUND, INC. IS A NOT-FOR-PROFIT, TAX-EXEMPT ORGANIZATION FORMED TO ACQUIRE LAND AND CONSTRUCT, OPERATE, AND MAINTAIN A COLLEGE AND UNIVERSITY RESIDENTIAL COMPLEX. THE COMPLEX IS LOCATED AT STATE STREET AND CONGRESS PARKWAY IN CHICAGO, ILLINOIS (THE PROJECT). THE CORPORATION COMMENCED CONSTRUCTION OF THE PROJECT IN SPRING 2002, AND WAS SUBSTANTIALLY COMPLETED ON JULY 31, 2004. THE PROJECT BEGAN OPERATIONS IN AUGUST 2004. ON JULY 20, 2017 EDUCATIONAL ADVANCEMENT FUND CLOSED ON BUSINESS TRANSACTION THAT SOLD THE PROPERTY TO A NEW OWNER. 194711 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 15 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 0 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X RICK MORECI 7733254283 CENTENNIAL HALL 2345 N SHEFFIELD CHICAGO IL 60614 JEFFREY BETHKE PRESIDENT/DIRECTOR 4.00 40.00 X X 0 426270 50280 TANGELLA MADDOX TREASURER/DIRECTOR 2.00 40.00 X X 0 214535 23674 DR GABRIEL ESTEBAN BOARD CHAIR 1.00 40.00 X X 0 379388 82070 DR ALI MALEKZADEH DIRECTOR 1.00 40.00 X 0 538119 75744 DR KWANG-WU KIM DIRECTOR 1.00 40.00 X 0 641602 271363 JERRY TARRER DIRECTOR 1.00 40.00 X 0 234640 19717 RICHARD MORECI SECRETARY 4.00 40.00 X 0 123245 13522 0 2557799 536370 0 0 1 0 MIDWAY BUILDING SERVICES INC 1915 W HUBBARD STREET CHICAGO IL 60622 JANITORIAL SERVICES 460261 PREMIER SECURITY CORP 8750 W BRYN MAWR AVENUE CHICAGO IL 60631 SECURITY SERVICES 374212 CLASSIC CARPENTRY AND FINISHING INC 5 ROSLYN ROAD WESTMONT IL 60559 BUILDING IMPROVEMENTS 249598 NOLAND SALES CORPORATION 815 MITTEL DRIVE WOOD DALE IL 60191 BUILDING IMPROVEMENTS 108482 4 18206 18206 17160 -17160 -17160 -17160 239263 54898 184365 184365 184365 CONFERENCE HOUSING 532000 110990 110990 CONFERENCE CENTER 532000 62333 62333 FOOD SERVICE INCOME 531110 213 213 86840 86840 260376 445787 173536 0 272251 66018 66018 145079 145079 147456 147456 49624 2308 47316 3021 3021 10005 10005 6433 6433 500 500 CHARTWELL COMMISSION 124414 124414 CONFERENCE HOUSING 44193 44193 REPAIRS AND MAINTENANCE 6719 6719 SALES/USE TAXES 139 139 603601 194711 408890 0 25385543 77620 191830 0 761 0 25578134 77620 4469856 77098 24490 0 4494346 77098 X 21083788 522 21083788 522 25578134 77620 X -157814 -20925452 X 0 0 0 X X 3 COLUMBIA COLLEGE CHICAGO 366112087 2 1 8794890 0 DEPAUL UNIVERSITY 362167048 2 1 7859606 0 ROOSEVELT UNIVERSITY 362167854 2 1 4345504 0 3 21000000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 JEFFREY BETHKE PRESIDENT/DIRECTOR 0 424833 0 0 0 1437 0 24300 0 25980 0 476550 0 0 TANGELLA MADDOX TREASURER/DIRECTOR 0 214355 0 0 0 180 0 11626 0 12048 0 238209 0 0 DR GABRIEL ESTEBAN BOARD CHAIR 0 348593 0 20000 0 10795 0 24300 0 57770 0 461458 0 0 DR ALI MALEKZADEH DIRECTOR 0 417952 0 74375 0 45792 0 66383 0 9361 0 613863 0 0 DR KWANG-WU KIM DIRECTOR 0 569272 0 42500 0 29830 0 167000 0 104363 0 912965 0 0 JERRY TARRER DIRECTOR 0 234079 0 0 0 561 0 0 0 19717 0 254357 0 0 CASH 2018-07-31 8794890 CASH DISTRIBUTION 366112087 COLUMBIA COLLEGE CHICAGO 600 S MICHIGAN AVENUE CHICAGO IL 60605 501(C)(3) CASH 2018-07-31 7859606 CASH DISTRIBUTION 362167048 DEPAUL UNIVERSITY 1 EAST JACKSON BOULEVARD CHICAGO IL 60604 501(C)(3) CASH 2018-07-31 4345504 CASH DISTRIBUTION 362167854 ROOSEVELT UNIVERSITY 430 S MICHIGAN AVENUE CHICAGO IL 60605 501(C)(3) 1 1 0 0 PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: ON JULY 20, 2017, EDUCATIONAL ADVANCEMENT FUND (EAF) CLOSED ON A BUSINESS TRANSACTION THAT SOLD THE PROPERTY TO A NEW OWNER. EAF IS A SUPPORTING ORGANIZATION FOR COLUMBIA COLLEGE CHICAGO, DEPAUL UNIVERSITY, AND ROOSEVELT UNIVERSITY WHICH RECEIVE MONETARY DISTRIBUTIONS. AS A SUPPORTING ORGANIZATION, SEVERAL OF THE DIRECTORS OF EAF ARE DIRECTORS, OFFICERS, OR EMPLOYEES OF THE SUPPORTED ORGANIZATIONS. THEIR RELATIONSHIPS ARE AS FOLLOWS:JEFFREY BETHKE, EXECUTIVE VICE PRESIDENT - DEPAUL UNIVERSITYTANGELLA MADDOX, INTERIM VICE PRESIDENT - ROOSEVELT UNIVERSITYREV. DENNIS HOLTSCHNEIDER, PRESIDENT AND TRUSTEE - DEPAUL UNIVERSITYDR. GABRIEL ESTEBAN, FORMER PRESIDENT AND TRUSTEE - DEPAUL UNIVERSITYDR. ALI MALEKZADEH, PRESIDENT - ROOSEVELT UNIVERSITYDR. KWANG-WU KIM, PRESIDENT & CEO - COLUMBIA COLLEGE CHICAGOJERRY TARRER, SENIOR VP OF BUSINESS AFFAIRS & CFO - COLUMBIA COLLEGE CHICAGORICHARD DOWSEK, - FORMER INTERIM SENIOR VP OF BUSINESS AFFAIRS & CFO COLUMBIA COLLEGE CHICAGORICHARD MORECI, DIRECTOR OF HOUSING SERVICES - DEPAUL UNIVERSITY FORM 990, PART VI, SECTION A, LINE 3 DAY-TO-DAY MANAGEMENT OF UNIVERSITY CENTER (UCC) HAS BEEN DELEGATED TO CBRE, INC. PURSUANT TO THE TERMS OF A FACILITY MANAGEMENT AGREEMENT. FORM 990, PART VI, SECTION A, LINE 6 COLUMBIA COLLEGE CHICAGO, DEPAUL UNIVERSITY, AND ROOSEVELT UNIVERSITY, EACH A NOT-FOR-PROFIT CORPORATION, ARE THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SCHOOL IS ALLOWED TO APPOINT DIRECTORS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S TAX ADVISOR PREPARES THE FORM 990 BASED ON INFORMATION PROVIDED BY FINANCIAL MANAGEMENT. THE RETURNS ARE REVIEWED BY THE TAX ADVISOR AND FINANCIAL MANAGEMENT BEFORE BEING ELECTRONICALLY PROVIDED TO THE BOARD OF DIRECTORS AND SUBSEQUENTLY FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CERTIFICATE OF COMPLIANCE WILL BE COMPLETED BY ALL DIRECTORS AND OFFICERS OF EAF ANNUALLY. THE EAF OPERATING COMMITTEE WILL REVIEW AND ACT UPON ALL CONFLICT DISCLOSURES AS SOON AS THEY ARE BROUGHT TO THEIR ATTENTION. FORM 990, PART VI, SECTION B, LINE 15 NO COMPENSATION IS PAID TO DIRECTORS AND OFFICERS FROM EDUCATIONAL ADVANCEMENT FUND, INC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE SUCH DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: MEMBER SCHOOL DISTRIBUTIONS -21,000,000. LOSS ON DEFEASANCE OF BONDS -2,940. REVERSAL OF PRIOR YEAR EXPENSE ACCRUALS 77,488. COLUMBIA COLLEGE CHICAGO 600 S MICHIGAN AVENUE CHICAGO IL 60605 366112087 EDUCATION IL 501(C)(3) LINE 2 N/A 0 DEPAUL UNIVERSITY 1 EAST JACKSON BLVD CHICAGO IL 60604 362167048 EDUCATION IL 501(C)(3) LINE 2 N/A 0 ROOSEVELT UNIVERSITY 430 S MICHIGAN AVENUE CHICAGO IL 60605 362167854 EDUCATION IL 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0