2018-10-10T11:25:14-05:00 2018-05-31 363321958 Desmond & Ahern Ltd 10827 S Western Avenue Chicago IL 60643 990 2017-06-01 362252360 Associated Colleges of Illinois Inc ASSO 3122632391 70 E Lake Street No 1418 Chicago IL 60601 Mitchell Weltman Executive Director 3122632391 2018-10-10 1 David J Rambo P00513360 7737794720 2018-10-10 2017 2022-09-23 18:48:47Z Mitchell Weltman 70 E Lake Street No 1418 Chicago IL 60601 1437926 0 X acifund.org X 1952 IL Associated Colleges of Illinois supports member colleges and universities 35 35 6 35 0 0 615107 540802 596972 644600 19032 17456 3375 23997 1234486 1226855 668085 629145 0 0 411834 410532 0 0 253034 382105 369280 1462024 1408957 -227538 -182102 1634792 1523499 429766 447031 1205026 1076468 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 831887 559395 644600 Grants and services to member colleges and universities 146621 69750 Peer Mentoring/CRCI College to Career Program 978508 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 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 6 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 35 35 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 Barbara A Farley 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 Louis Apostol 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 Wale Cole Trustee 1.00 X 0 0 0 Toni Cornellius Trustee 1.00 X 0 0 0 Brian Healy Trustee 1.00 X 0 0 0 Jim Johnson Trustee 1.00 X 0 0 0 Ranko Jovicevic Trustee 1.00 X 0 0 0 Tony LoBello Trustee 1.00 X 0 0 0 Richard Lynch 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 Liz Niederkorn Trustee 1.00 X 0 0 0 Terri Diggs Norman Trustee 1.00 X 0 0 0 Chipo Nyambuya Trustee 1.00 X 0 0 0 Watchen Nyanue Trustee 1.00 X 0 0 0 Tony Oommen Trustee 1.00 X 0 0 0 Shaelyn Otikor Trustee 1.00 X 0 0 0 Leslie Peltason Trustee 1.00 X 0 0 0 Joe Perkoski Trustee 1.00 X 0 0 0 Kayla Portwood 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 George Tarulis Trustee 1.00 X 0 0 0 Vince Williams Trustee 1.00 X 0 0 0 Ed Wynn Trustee 1.00 X 0 0 0 Mitchell G Weltman Executive Director 40.00 X 133800 0 3600 133800 0 3600 1 0 0 0 0 51800 489002 540802 Member college assessm 611710 586100 586100 Corporate partnership 611710 49000 49000 Program fees 611710 9500 9500 644600 27588 27588 172628 182760 -10132 -10132 -10132 52308 51800 28311 23997 23997 1226855 644600 0 41453 X 629145 629145 142556 32075 43950 66531 236438 123213 22169 91056 3505 2080 189 1236 28033 11416 5099 11518 9790 9790 182250 67844 67049 47357 12100 2536 3442 6122 27157 10811 5535 10811 2015 1816 66 133 52215 38462 5773 7980 1950 1950 12877 3442 5987 3448 Project supplies 36959 36959 Membership dues & subsc 21745 16136 1406 4203 Repairs & maintenance 6630 2080 2185 2365 Miscellaneous 3592 493 2825 274 1408957 978508 177415 253034 346768 228630 4611 16193 63425 1725 10985 11055 23138 22163 2925 975 1206078 1264921 1634792 1523499 10931 34380 418835 412651 429766 447031 X 659589 552125 345437 324343 200000 200000 1205026 1076468 1634792 1523499 -182102 53544 0 X 0 1 X 1 0 X 1165199 674938 545720 615107 540802 3541766 639451 596039 618058 596972 644600 3095120 8909 16229 29731 52308 107177 1804650 1279886 1180007 1241810 1237710 6744063 0 141668 261755 284525 259626 282428 1230002 141668 261755 284525 259626 282428 1230002 5514061 10923 21627 22539 14923 27558 97570 10923 21627 22539 14923 27558 97570 1815573 1301513 1202546 1256733 1265268 6841633 0.80600 0.83320 0.01430 0.01360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 357212 27182 9598 374796 330302 38254 11344 357212 345682 -10380 5000 330302 372384 22148 48850 345682 404066 29818 61500 372384 0.53500 0.46500 0 0 23138 22163 975 975 X 1280399 53544 53544 1226855 0 1226855 1408957 0 1408957 0 1408957 Part V, Line 4: Permanently restricted net assets are exclusively comprised of donor-restricted endowment funds representing investments in perpetuity. 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. Reception 104108 51800 52308 400 16585 11326 104108 51800 52308 400 16585 11326 28311 23997 1 Augustana College 539 Thirty Eighth Street Rock Island IL 61201 362166962 501(c)(3) 24850 Educational Activities Benedictine University 5700 College Road Lisle IL 60532 362722198 501(c)(3) 28750 Educational Activities Blackburn College 700 College Avenue 1 Carlinville IL 62626 370661491 501(c)(3) 19150 Educational Activities Concordia University 7400 Augusta River Forest IL 60305 362191242 501(c)(3) 24850 Educational Activities Dominican University 7900 Division Street River Forest IL 60305 362167855 501(c)(3) 23250 Educational Activities Elmhurst College 190 Prospect Street Elmhurst IL 60126 362169145 501(c)(3) 28750 Educational Activities Eureka College 300 College Avenue Eureka IL 61530 370667484 501(c)(3) 25875 Educational Activities Greenville University 315 East College Avenue Greenville IL 62246 370681530 501(c)(3) 28750 Educational Activities Illinois College 1101 W College Avenue Jacksonville IL 62650 370661211 501(c)(3) 27370 Educational Activities Knox College 2 East Sootuh Street Galesburg IL 61401 370673513 501(c)(3) 28750 Educational Activities Judson University 1151 N State Street Elgin IL 60123 362515868 501(c)(3) 28750 Educational Activities Lewis University One University Parkway Romeoville IL 60446 362167773 501(c)(3) 28750 Educational Activities McKendree College 701 College Road Lebanon IL 62254 370661219 501(c)(3) 28750 Educational Activities Millikin University 1184 W Main Street Decatur IL 62522 370706154 501(c)(3) 24850 Educational Activities Monmouth College 700 East Broadway Monmouth IL 61462 370661228 501(c)(3) 24850 Educational Activities North Central College 30 N Brainard Street Naperville IL 60540 362169157 501(c)(3) 28750 Educational Activities North Park University 3225 West Foster Avenue Chicago IL 60625 361557840 501(c)(3) 18400 Educational Activities Olivet Nazarene University One University Avenue Kankakee IL 60901 362191252 501(c)(3) 26750 Educational Activities Principia College 1 Maybecck Place Elsah IL 62028 430652667 501(c)(3) 23000 Educational Activities Quincy University 1800 College Drive Quincy IL 62301 370661231 501(c)(3) 24850 Educational Activities Rockford University 5050 East State Street Rockford IL 61108 362167842 501(c)(3) 24850 Educational Activities Trinity Christian College 5601 West College Drive Palso Park IL 60463 362387148 501(c)(3) 28750 Educational Activities University of St Francis 500 Wilcox Street Joliet IL 60435 362170999 501(c)(3) 28750 Educational Activities Wheaton College 501 College Avenue Wheaton IL 60187 362182171 501(c)(3) 28750 Educational Activities 24 0 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, Chief Financial Officer, 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 67,844. Management and general expenses 65,575. Fundraising expenses 47,357. Total expenses 180,776. Payroll processing: Program service expenses 0. Management and general expenses 1,474. Fundraising expenses 0. Total expenses 1,474.