2018-03-12T14:32:07-05:00 2017-05-31 363168081 SIKICH LLP 3201 W WHITE OAKS DR STE 102 SPRINGFIELD IL 62704 990 2016-06-01 370661211 ILLINOIS COLLEGE ILLI 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 TIM WEIS VP OF BUSINESS AFFAIRS 2172453003 2018-03-05 1 JILL M BOYLE CPA P01246734 2177933363 2018-03-05 72.42.242.150 2018-03-05 13:59:38 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 953DBC2D302A292873644AA4A2F40B1FAF3D8CE2 2016 2021-01-29 14:40:06Z TIM WEIS 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 177268203 0 X WWW.IC.EDU X 1835 IL ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING IN THE LIBERAL ARTS. 27 27 1051 247 0 -124154 3360813 3520225 35922505 36367450 47152056 3199384 1347451 908187 87782825 43995246 16199813 17168195 0 0 18289174 17478529 94600 58745 1794750 17290520 15942453 51874107 50647922 35908718 -6652676 207880656 207758570 28838447 26263169 179042209 181495401 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 46455652 17168195 37275637 PROVISION OF POST-SECONDARY EDUCATION TO APPROXIMATELY 1000 STUDENTS. 46455652 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 225 0 1051 1 1 1 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 TIM WEIS 2172453004 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 SUSAN J ALLEN BOARD MEMBER 2.00 X 0 0 0 JOY FRENCH BECKER BOARD MEMBER & BOARD CHAIR 3.00 X X 0 0 0 BARRETT J CALLAGHAN BOARD MEMBER 1.00 X 0 0 0 ROBERT E CHIPMAN BOARD MEMBER & VICE CHAIR 2.00 X X 0 0 0 JOAN M DEBOER BOARD MEMBER 2.00 X 0 0 0 DEL C DUNHAM BOARD MEMBER 2.00 X 0 0 0 GARY R HAYNES MD BOARD MEMBER 1.00 X 0 0 0 DUANE E HESS BOARD MEMBER 1.00 X 0 0 0 JOHN S KAY DMIN BOARD MEMBER 1.00 X 0 0 0 PATRICK B MATHIS BOARD MEMBER 2.00 X 0 0 0 VENICE M MEYER - DECEASED BOARD MEMBER 1.00 X 0 0 0 STEVEN R MILLS BOARD MEMBER 1.00 X 0 0 0 STEPHEN D OETGEN BOARD MEMBER 2.00 X 0 0 0 JOHN R POWER BOARD MEMBER 2.00 X 0 0 0 SUSAN L PRATT PHD BOARD MEMBER & SECRETARY 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 JEAN COULTAS STATLER BOARD MEMBER 2.00 X 0 0 0 JULIE BODAM MACARTNEY BOARD MEMBER 1.00 X 0 0 0 ROBERT B THOMSON III BOARD MEMBER & TREASURER 2.00 X X 0 0 0 WILLIAM J MATTINGLY EdD BOARD MEMBER 1.00 X 0 0 0 JOHN M WILLIAMSON BOARD MEMBER 1.00 X 0 0 0 GERRY L BEARD BOARD MEMBER 1.00 X 0 0 0 TONYA JOHNSON BAISE BOARD MEMBER 1.00 X 0 0 0 JOEL C HARMON BOARD MEMBER 1.00 X 0 0 0 ELLEN RAMMELKAMP MILLER BOARD MEMBER 1.00 X 0 0 0 GREG C MAY BOARD MEMBER 1.00 X 0 0 0 JAMES W SPRADLIN BOARD MEMBER 1.00 X 0 0 0 GEORGE A ZELCS BOARD MEMBER 1.00 X 0 0 0 BARBARA A FARLEY PHD PRESIDENT 50.00 X 274266 0 35768 ELIZABETH H TOBIN PHD VP ACADEMIC AFFAIRS (Thru 6/30/16) 50.00 X 112251 0 15374 WILLIAM JOHNSON VP OF DEVELOPMENT (thru 9/15/16) 50.00 X 159909 0 20458 STEPHANIE E CHIPMAN VP OF ENROLLMENT 50.00 X 127654 0 18409 TIMOTHY J WEIS VP OF BUSINESS AFFAIRS 50.00 X 53760 0 12616 PATRICK W WAGNER VP OF ADVANCEMENT 50.00 X 0 0 0 CATHERINE E O'CONNELL PHD VP OF ACADEMIC AFFAIRS 50.00 X 94452 0 17287 822292 0 119912 4 0 1 0 CHARTWELLS 91337 COLLECTIONS DRIVE CHICAGO IL 606931337 FOOD SERVICE 2038600 RAFTER 1200 PARK PLACE 250 SAN MATEO CA 94403 TEXTBOOK SERVICES 311257 DOYLE PLUMBING & HEATING 225 NORTH WEST ST JACKSONVILLE IL 62650 CONSTRUCTION 281477 GRAYSTONE CONSULTING 4449 EASTON WAY SUITE 300 COLUMBUS OH 43219 INVESTMENT FEES 258130 ROYALL & COMPANY 1920 EAST PARHAM RD RICHMOND VA 23228 STUDENT SEARCH SERVICES 242526 11 533125 2987100 581771 3520225 TUITION AND FEES 900099 28994574 28994574 AUXILIARY REVENUE 900099 7372876 7372876 36367450 2464999 2464999 134007342 133272957 734385 734385 734385 OTHER INCOME 900099 556100 556100 OTHER INVESTMENT INCOME 900099 352087 352087 908187 43995246 37275637 0 3199384 17168195 17168195 1015943 383959 415827 216157 12840290 11269923 887264 683103 594436 521736 41076 31624 2069062 1816016 142972 110074 958798 841537 66253 51008 46840 41111 3237 2492 82540 72445 5704 4391 58745 58745 1521444 1335371 105132 80941 98808 86723 6828 5257 1182156 1037578 81687 62891 492625 432377 34040 26208 2346977 2059942 162176 124859 1448388 1271250 100084 77054 234787 206072 16224 12491 3808915 3343085 263196 202634 515617 452557 35629 27431 MEAL PLAN - STUDENTS 1756590 1756590 TEXTBOOKS 887505 887505 SMALL EQUIPMENT 704750 704750 MISCELLANEOUS 601810 554229 30191 17390 212701 212701 50647922 46455652 2397520 1794750 6593425 6554273 676599 774856 989712 2173016 1869056 1905090 55229 48220 420354 434044 128084552 66376835 64820531 61707717 108781105 110505555 4490814 4714864 19183831 18940935 207880656 207758570 7291024 6755379 2273368 2254313 14692619 13857022 3000000 1850000 1581436 1546455 28838447 26263169 X 75845472 76886033 51065316 50619489 52131421 53989879 179042209 181495401 207880656 207758570 X -6652676 8965192 140676 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 134885361 1642735 12294062 11283796 137538362 150123669 808192 -5931751 10114749 134885361 148409451 2492210 8956583 9734575 150123669 140735092 907933 15978012 9211586 148409451 126040677 1459781 22434145 9199511 140735092 0.26090 0.38870 0.35040 0 0 465933 465933 98322877 42055462 56267415 8093647 5354443 2739204 21202095 18966930 2235165 61707717 ACCRUED INTEREST RECEIVABLE 112820 BENEFICIAL INTEREST NONPERPETUAL TRUST 544705 DEFERRED UNDERWRITING CHARGES 204509 REAL ESTATE 18031091 OTHER ASSETS 47810 18940935 ADVANCES FROM US GOVERNMENT, PERKINS LOAN PROGRAM 1546455 1546455 X 53361084 8965192 400646 9365838 43995246 0 43995246 50907892 259970 259970 50647922 0 50647922 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: Income taxes: The College has a tax determination letter from the Internal Revenue Service stating it qualifies under the provisions of Section 501(c)(3) of the 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 Code. Part XI, Line 2d - Other Adjustments: CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 400,646. Part XII, Line 2d - Other Adjustments: UNRELATED BUSINESS RENTAL EXPENSES 259,970. 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. EAST ASIA 0 21 ADMISSIONS-RECRUITING, ACADEMIC ADVANCEMENT, STUDENT BREAKAWAY 22731 MIDDLE EAST & NORTH AFRICA 0 1 ADMISSIONS-RECRUITING 4425 CENTRAL AMERICA & THE CARIBEAN 0 48 ACADEMIC ADVANCEMENT, RESEARCH, STUDENT BREAKAWAY 9583 SOUTH AMERICA 0 1 ACADEMIC ADVANCEMENT 493 EUROPE 0 50 ADMISSIONS - RECRUITING, ACADEMIC ADVANCEMENT, RESEARCH, STUDENT BREAKAWAY 19619 NORTH AMERICA (EXCLUDING U.S.) 0 1 ACADEMIC ADVANCEMENT 360 0 122 0 0 0 122 57211 0 57211 0 0 0 0 0 0 X X X X X X 1 BENTZ WHALEY FLESSNER INC 7251 OHMS LANE MINNEAPOLIS MN 55439 CAMPAIGN COUNSEL 0 0 0 58745 58745 IL 1 STUDENT SCHOLARSHIPS 971 17168195 0 BOOK X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 BARBARA A FARLEY PHD PRESIDENT 260424 0 0 0 13842 0 26067 0 9701 0 310034 0 0 0 WILLIAM JOHNSON VP OF DEVELOPMENT (thru 9/15/16) 117794 0 0 0 42115 0 7484 0 12974 0 180367 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 I, Lines 4a-b WILLIAM JOHNSON - SEVERANCE AGREEMENT - $38,633 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 600000 15000000 228875 14771125 2006 0 0 1 1 B 235596 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 JOY FRENCH BECKER TRUSTEE 0 PRESIDENT OF THE BANK THAT THE COLLEGE USES FOR DAILY OPERATIONS. NO PAYMENT TO EITHER PARTY. 0 X 10 573352 FMV X PROFESSIONAL SERVICES 3 4570 COST X MEALS & ENTERTAINMENT 3 2053 COST X EQUIPMENT 3 1571 COST X OFFICE SUPPLIES 1 225 COST 0 1 0 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 OFFICERS 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 OFFICER 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 400,646. UNRELATED BUSINESS EXPENSE -259,970.