ILLINOIS COLLEGE OF OPTOMETRY: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- ILLINOIS COLLEGE OF OPTOMETRY (EIN 36-2310478)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2018-11-01
- IRS object ID
- 201833059349301843
- Schema version
- 2017v2.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-01T16:00:20-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 West Wacker Drive Suite 2600 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606061224 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362310478 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Illinois College of Optometry | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ILLI | BusinessNameControlTxt |
| Phone | 3122251700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3241 S Michigan Avenue | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | John Budzynski | PersonNm |
| Person Title | VP of Business & Finance/CFO | PersonTitleTxt |
| Signature | 2018-11-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Nicole Bencik | PreparerPersonNm |
| PTIN | P00756195 | PTIN |
| Phone | 3128997000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Arol Augsburger OD | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3241 S Michigan Avenue | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $48,336,091 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.ico.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | The Illinois College of Optometry's PRIMARY EXEMPT PURPOSE IS to MAINTAIN AND CONDUCT A COLLEGE OR SCHOOL IN WHICH THE THEORY and PRACTICE OF OPTOMETRY IS TAUGHT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 719 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $9,500 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,155,534 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,145,672 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $37,133,385 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $36,049,612 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,052,408 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,928,322 | CYInvestmentIncomeAmt |
| PY Other Revenue | $321,987 | PYOtherRevenueAmt |
| CY Other Revenue | $293,880 | CYOtherRevenueAmt |
| PY Total Revenue | $41,663,314 | PYTotalRevenueAmt |
| CY Total Revenue | $40,417,486 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $907,495 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $836,773 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $25,562,300 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $24,956,472 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $507,377 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,926,100 | PYOtherExpensesAmt |
| CY Other Expenses | $13,305,226 | CYOtherExpensesAmt |
| PY Total Expenses | $40,395,895 | PYTotalExpensesAmt |
| CY Total Expenses | $39,098,471 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,267,419 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,319,015 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $102,705,836 | TotalAssetsBOYAmt |
| Total Assets EOY | $100,956,365 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $51,938,445 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $47,414,506 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $50,767,391 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $53,541,859 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE ILLINOIS COLLEGE OF OPTOMETRY'S PRIMARY EXEMPT PURPOSE IS TO MAINTAIN AND CONDUCT A COLLEGE OR SCHOOL FOR TEACHING THE THEORY AND PRACTICE OF OPTOMETRY, INCLUDING OPTOMETRIC SCIENCES, RELATED SUBJECTS, AND SUCH OTHER BRANCHES OF KNOWLEDGE AS MAY BE DEEMED APPROPRIATE; TO CONDUCT RESEARCH INTO ALL BRANCHES OF OPTOMETRY AND RELATED SUBJECTS; AND TO INSTITUTE AND FUND PROJECTS THAT MAY BE CONSIDERED BENEFICIAL TO OPTOMETRY AND ITS RELATED FIELDS AND CARRY OUT SUCH PROJECTS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $16,651,088 | ExpenseAmt |
| Grant | $741,661 | GrantAmt |
| Revenue | $26,420,984 | RevenueAmt |
| Desc | GENERAL EDUCATIONAL SERVICES AT THE ILLINOIS COLLEGE OF OPTOMETRY: CLASSROOM INSTRUCTION FOR DOCTOR OF OPTOMETRY DEGREE; CONTINUING EDUCATION AND FACULTY RESEARCH SERVING APPROXIMATELY 599 STUDENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $11,127,200 | ExpenseAmt |
| Revenue | $7,929,121 | RevenueAmt |
| Desc | EYE CLINIC: TEACHING CLINIC FOR OPTOMETRIC STUDENTS IN PURSUIT OF DOCTOR OF OPTOMETRY DEGREE; PROVIDED 40,702 OPTICAL PATIENT VISITS AND 70,227 PROFESSIONAL VISITS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $772,535 | ExpenseAmt |
| Grant | $95,112 | GrantAmt |
| Revenue | $1,690,389 | RevenueAmt |
| Desc | DORMITORY: A DORMITORY FOR STUDENTS TO PROVIDE ON-CAMPUS LIVING QUARTERS AT A REASONABLE RATE WHILE PURSUING OPTOMETRIC EDUCATION. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenue | $34,385 | RevenueAmt |
| Desc | THE ORGANIZATION RECEIVES OTHER PROGRAM SERVICE REVENUE RELATED TO ITS BOOKSTORE, FACULTY RESEARCH, STUDENT LOANS AND ADMINISTRATION OF ILLINOIS EYE INSTITUTE AND ILLINOIS EYE INSTITUTE FOUNDATION. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Revenue | $34,385 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $28,550,823 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 736 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 719 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN BUDZYNSKI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3122251700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3241 S MICHIGAN AVENUE | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Karen Eng OD | ||||||||
| Chairman of the Board | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Dwight Akerman OD MBA FAAO | ||||||||
| Vice Chariman of the Board | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Vasvi Babu OD | ||||||||
| Treasurer | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Robert Fait OD | ||||||||
| Secretary | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Joseph Derezynski | ||||||||
| Board of Trustees | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Dwain Hahs | ||||||||
| Board of Trustees | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Jeffery Johnson OD MBA CFA | ||||||||
| Board of Trustees | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Osvaldo Lopez MD | ||||||||
| Board of Trustees | 1.0 | Yes (X) | $17,148 | $0 | $0 | |||
| Nana Owusu OD | ||||||||
| Board of Trustees | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Stephen Pugh Esq | ||||||||
| Board of Trustees - Partial Year | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Charles Quattrochi CPA | ||||||||
| Board of Trustees - Partial Year | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Steven Schneider | ||||||||
| Board of Trustees | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Jeff Smith OD MBA | ||||||||
| Board of Trustees - Partial Year | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Robert Steinmetz OD FAAO | ||||||||
| Board of Trustees | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Charles Weiss CPA | ||||||||
| Board of Trustees | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Elyse Chaglasian OD FAAO | ||||||||
| Professor of Optometry / Board of Trustees | 35.0 | Yes (X) | $126,030 | $0 | $38,526 | |||
| Sandra Block OD FAAO | ||||||||
| Professor of Optometry / Board of Trustees | 35.0 | Yes (X) | $167,339 | $0 | $29,158 | |||
| Donovan L Crouch OD FAAO | ||||||||
| Board of Trustees - Partial Year | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Robert Michael Daley | ||||||||
| Board of Trustees | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Arol Augsburger OD | ||||||||
| President | 35.0 | Yes (X) | $491,540 | $0 | $53,591 | |||
| John Budzynski CPA | ||||||||
| VP of Business and Finance/CFO | 35.0 | Yes (X) | $246,352 | $0 | $47,966 | |||
| Mark Colip OD | ||||||||
| VP of Development and Student Affairs | 35.0 | $260,605 | $0 | $56,145 | Yes (X) | |||
| Valarie Conrad OD | ||||||||
| VP for Risk and Compliance | 35.0 | $226,155 | $0 | $51,044 | Yes (X) | |||
| Leonard Messner OD | ||||||||
| VP of Patient Care | 35.0 | $237,907 | $0 | $38,820 | Yes (X) | |||
| Stephanie Messner OD | ||||||||
| VP of Academic Affairs | 35.0 | $248,450 | $0 | $39,483 | Yes (X) | |||
| Laura Rounce | ||||||||
| VP of Administration | 35.0 | $243,105 | $0 | $54,165 | Yes (X) | |||
| John Baker OD | ||||||||
| Professor of Optometry | 35.0 | $171,335 | $0 | $21,181 | Yes (X) | |||
| Janice Jurkus OD | ||||||||
| Professor of Optometry | 35.0 | $171,173 | $0 | $29,336 | Yes (X) | |||
| Yi Pang OD | ||||||||
| Professor of Optometry | 35.0 | $164,098 | $0 | $44,117 | Yes (X) | |||
| Zhiyong (Daniel) Ren | ||||||||
| Sr Director of Clinical Performance | 35.0 | $171,892 | $0 | $21,353 | Yes (X) | |||
| Bruce Teitelbaum OD | ||||||||
| Associate Professor of Optometry | 35.0 | $165,803 | $0 | $28,615 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,108,932 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $553,500 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 61 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| Imperial Service Systems | ||||||
| 200 W 22nd St 201 | Lombard | IL | 60148 | CLEANING SERVICES | $317,196 | |
| Nixon Peabody | ||||||
| 70 W Madison St | Chicago | IL | 60602 | Legal Services | $308,461 | Suite 3500 |
| KIMCO | ||||||
| PO Box 638556 | Cincinnati | OH | 45263 | CLEANING SERVICES | $241,930 | |
| CHICAGO EYE INSTITUTE | ||||||
| 3982 MILWAUKEE AVE | CHICAGO | IL | 60641 | MEDICAL SERVICES | $182,600 | |
| Crowe | ||||||
| 225 W Wacker Dr Suite 2600 | CHICAGO | IL | 60606 | Audit and Tax Services | $156,554 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Federated Campaigns | $0 | FederatedCampaignsAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Fundraising | $0 | FundraisingAmt |
| Related Organizations | $0 | RelatedOrganizationsAmt |
| Government Grants | $543,908 | GovernmentGrantsAmt |
| All Other Contributions | $1,601,764 | AllOtherContributionsAmt |
| Noncash Contributions | $40,961 | NoncashContributionsAmt |
| Total Contributions | $2,145,672 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Student tuition and Fees | 611310 | $26,420,984 | $26,420,984 | $0 | $0 |
| Patient Services and Materials | 900099 | $7,929,121 | $7,929,121 | $0 | $0 |
| Bookstore and Dormitory | 900099 | $1,673,101 | $1,673,101 | $0 | $0 |
| Faculty Research | 900099 | $2,206 | $2,206 | ||
| Student Loan Interest | 900099 | $24,200 | $24,200 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $36,049,612 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,238,204 | TotalRevenueColumnAmt |
| Exclusion | $1,238,204 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,608,723 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,918,605 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $690,118 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $690,118 | TotalRevenueColumnAmt |
| Exclusion | $690,118 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| Student Parking | 900099 | $76,149 | $76,149 |
| Employee Parking | 900099 | $100,384 | $100,384 |
| Catering - food service | 900099 | $29,288 | $29,288 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $88,059 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $25,267 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $62,792 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $293,880 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $40,417,486 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $36,074,879 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,196,935 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $836,773 | TotalAmt |
| Program Services | $836,773 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,734,290 | TotalAmt |
| Program Services | $785,674 | ProgramServicesAmt |
| Management And General | $1,733,240 | ManagementAndGeneralAmt |
| Fundraising | $215,376 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $183,344 | TotalAmt |
| Program Services | $183,344 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,023,600 | TotalAmt |
| Program Services | $12,738,409 | ProgramServicesAmt |
| Management And General | $3,207,444 | ManagementAndGeneralAmt |
| Fundraising | $77,747 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,739,054 | TotalAmt |
| Program Services | $1,348,546 | ProgramServicesAmt |
| Management And General | $378,416 | ManagementAndGeneralAmt |
| Fundraising | $12,092 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,082,640 | TotalAmt |
| Program Services | $2,452,484 | ProgramServicesAmt |
| Management And General | $616,246 | ManagementAndGeneralAmt |
| Fundraising | $13,910 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,193,544 | TotalAmt |
| Program Services | $904,269 | ProgramServicesAmt |
| Management And General | $270,247 | ManagementAndGeneralAmt |
| Fundraising | $19,028 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $337,608 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $337,608 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,167 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $119,167 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $253,645 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $253,645 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,745,171 | TotalAmt |
| Program Services | $1,341,208 | ProgramServicesAmt |
| Management And General | $398,463 | ManagementAndGeneralAmt |
| Fundraising | $5,500 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,838 | TotalAmt |
| Program Services | $39,551 | ProgramServicesAmt |
| Management And General | $32,287 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,152,737 | TotalAmt |
| Program Services | $840,222 | ProgramServicesAmt |
| Management And General | $301,660 | ManagementAndGeneralAmt |
| Fundraising | $10,855 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,098,375 | TotalAmt |
| Program Services | $1,073,806 | ProgramServicesAmt |
| Management And General | $1,008,929 | ManagementAndGeneralAmt |
| Fundraising | $15,640 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $624,360 | TotalAmt |
| Program Services | $262,332 | ProgramServicesAmt |
| Management And General | $349,910 | ManagementAndGeneralAmt |
| Fundraising | $12,118 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,002,544 | TotalAmt |
| Program Services | $885,968 | ProgramServicesAmt |
| Management And General | $112,746 | ManagementAndGeneralAmt |
| Fundraising | $3,830 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,875,658 | TotalAmt |
| Program Services | $3,320,810 | ProgramServicesAmt |
| Management And General | $535,984 | ManagementAndGeneralAmt |
| Fundraising | $18,864 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $438,340 | TotalAmt |
| Program Services | $202,781 | ProgramServicesAmt |
| Management And General | $235,559 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| RESALE ITEMS | $758,919 | $758,891 | $28 | $0 |
| BAD DEBT EXPENSE | $410,368 | $320,377 | $21 | $89,970 |
| FINANCING FEES | $43,573 | $38,507 | $4,900 | $166 |
| MEMBERSHIP DUES | $98,078 | $23,828 | $70,249 | $4,001 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $274,845 | TotalAmt |
| Program Services | $193,043 | ProgramServicesAmt |
| Management And General | $73,522 | ManagementAndGeneralAmt |
| Fundraising | $8,280 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,098,471 | TotalAmt |
| Program Services | $28,550,823 | ProgramServicesAmt |
| Management And General | $10,040,271 | ManagementAndGeneralAmt |
| Fundraising | $507,377 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,675,615 | BOYAmt |
| EOY | $4,426,793 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,975,331 | BOYAmt |
| EOY | $4,073,383 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $434,331 | BOYAmt |
| EOY | $206,570 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,739,641 | BOYAmt |
| EOY | $1,696,465 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $153,765 | BOYAmt |
| EOY | $154,955 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $994,901 | BOYAmt |
| EOY | $893,298 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $85,694,045 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $55,064,452 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,544,469 | BOYAmt |
| EOY | $30,629,593 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,069,281 | BOYAmt |
| EOY | $43,426,795 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,452,913 | BOYAmt |
| EOY | $9,019,849 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,587,560 | BOYAmt |
| EOY | $6,347,367 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,029 | BOYAmt |
| EOY | $81,297 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,705,836 | BOYAmt |
| EOY | $100,956,365 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,262,314 | BOYAmt |
| EOY | $4,096,359 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,232,310 | BOYAmt |
| EOY | $2,208,404 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,572,187 | BOYAmt |
| EOY | $33,613,260 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,871,634 | BOYAmt |
| EOY | $7,496,483 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,938,445 | BOYAmt |
| EOY | $47,414,506 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,091,815 | BOYAmt |
| EOY | $49,191,716 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,808,929 | BOYAmt |
| EOY | $3,448,647 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $866,647 | BOYAmt |
| EOY | $901,496 | EOYAmt |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,767,391 | BOYAmt |
| EOY | $53,541,859 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,705,836 | BOYAmt |
| EOY | $100,956,365 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,319,015 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,455,453 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,887,464 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,918,075 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,920,719 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,155,534 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,164,033 | CurrentTaxYearAmt |
| Total | $12,045,825 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,887,464 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,918,075 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,920,719 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,155,534 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,164,033 | CurrentTaxYearAmt |
| Total | $12,045,825 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $390,003 | SubstantialContributorsTotAmt |
| Public Support Total170 | $11,655,822 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $970,448 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,175,054 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,256,393 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,364,522 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,238,204 | CurrentTaxYearAmt |
| Total | $6,004,621 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $296,523 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $280,884 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $265,678 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $250,274 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $268,613 | CurrentTaxYearAmt |
| Total | $1,361,972 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $19,412,418 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $177,747,566 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.6004 | PublicSupportCY170Pct |
| Public Support PY170 | 0.6041 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 Other Income | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION - STUDENT PARKING, COLUMN A - 77957.0, COLUMN B - 80032.0, COLUMN C - 82620.0, COLUMN D - 84685.0, COLUMN E - 76149.0, COLUMN F - 401443.0; DESCRIPTION - EMPLOYEE PARKING, COLUMN A - 86395.0, COLUMN B - 89010.0, COLUMN C - 98624.0, COLUMN D - 102822.0, COLUMN E - 100384.0, COLUMN F - 477235.0; DESCRIPTION - CATERING - FOOD SERVICE, COLUMN A - 25304.0, COLUMN B - 25309.0, COLUMN C - 31797.0, COLUMN D - 11876.0, COLUMN E - 29288.0, COLUMN F - 123574.0; DESCRIPTION - OTHER, COLUMN A - 106867.0, COLUMN B - 86533.0, COLUMN C - 52637.0, COLUMN D - 50891.0, COLUMN E - 62792.0, COLUMN F - 359720.0; | ExplanationTxt |
Schedule B IRS990ScheduleB
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $122,048 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | Yes (true) | RalliesDemonstrationsInd |
| Rallies Demonstrations | $11,443 | RalliesDemonstrationsAmt |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $133,491 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY | This year's lobbying efforts focused on sources of grants for supporting eye care for the underserved and the roll out of the Affordable Care Act and issues with the transition of eye and vision services to Medicaid MCOs including credentialing our doctors in these new plans. PART 11-B, LINE 1G - LOBBYING EXPENSES PAID IS $30,110. THE ADDITIONAL $91,938 IS AN ALLOCATION OF SALARIES PAID TO PERFORM THESE ACTIVITIES. TOTAL DIRECT LOBBYING EXPENSES = $122,048. PART II-B, LINE 1H - THE TOTAL OF $11,443 IS AN ALLOCATION OF SALARIES AND REGISTRATION FEES PAID |
| Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY | This year's lobbying efforts focused on sources of grants for supporting eye care for the underserved and the roll out of the Affordable Care Act and issues with the transition of eye and vision services to Medicaid MCOs including credentialing our doctors in these new plans. PART 11-B, LINE 1G - LOBBYING EXPENSES PAID IS $30,110. THE ADDITIONAL $91,938 IS AN ALLOCATION OF SALARIES PAID TO PERFORM THESE ACTIVITIES. TOTAL DIRECT LOBBYING EXPENSES = $122,048. PART II-B, LINE 1H - THE TOTAL OF $11,443 IS AN ALLOCATION OF SALARIES AND REGISTRATION FEES PAID |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,708,429 | BeginningYearBalanceAmt |
| Contributions | $40,517 | ContributionsAmt |
| Investment Earnings Or Losses | $52,832 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $60,258 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,741,520 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,591,801 | BeginningYearBalanceAmt |
| Contributions | $72,423 | ContributionsAmt |
| Investment Earnings Or Losses | $105,955 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $61,750 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,708,429 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,549,158 | BeginningYearBalanceAmt |
| Contributions | $54,855 | ContributionsAmt |
| Investment Earnings Or Losses | $30,588 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $42,800 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,591,801 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,361,178 | BeginningYearBalanceAmt |
| Contributions | $214,966 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,041 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $24,945 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,549,158 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,285,155 | BeginningYearBalanceAmt |
| Contributions | $28,430 | ContributionsAmt |
| Investment Earnings Or Losses | $65,938 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $18,345 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,361,178 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.0 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.517 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.483 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,829,021 | OtherCostOrOtherBasisAmt |
| Book Value | $2,829,021 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $59,901,952 | OtherCostOrOtherBasisAmt |
| Depreciation | $37,767,309 | DepreciationAmt |
| Book Value | $22,134,643 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,902,901 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,297,143 | DepreciationAmt |
| Book Value | $5,605,758 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $60,171 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $60,171 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $30,629,593 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Real Estate Fund | $6,487,606 | F |
| Multi-Strategy Fund of Funds | $2,532,243 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $9,019,849 | TotalBookValueSecuritiesAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Student Loan Portfolio | Desc |
| Book Value | $6,347,367 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $6,347,367 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Advances from federal government for student loans | Desc |
| Amt | $7,496,483 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,496,483 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $40,782,521 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,455,453 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$836,773 | OtherRevenueAmt |
| Revenue Not Reported | $618,680 | RevenueNotReportedAmt |
| Revenue Subtotal | $40,163,841 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $253,645 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $253,645 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $40,417,486 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $38,008,053 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$836,773 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$836,773 | ExpensesNotReportedAmt |
| Expenses Subtotal | $38,844,826 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $253,645 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $253,645 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $39,098,471 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 Intended uses of endowment funds | The organization's donor-restricted endowment funds are used exclusively for scholarships. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The College has received a determination letter from the Internal Revenue Service indicating that it is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code of 1986, except for income taxes pertaining to unrelated business income. No provision has been made for income taxes in the accompanying financial statements, as the College has had no significant unrelated business income. If the College incurs interest and penalties, the College recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The College has no amounts accrued for interest or penalties as of June 30, 2018 or 2017. The College has not been examined by any tax jurisdiction. The College has no on-going federal, state or local tax audits, however, the College's tax returns for fiscal year 2015 and subsequent years are open to examination. The College does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | Awards and Scholarships - -836773 - |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | Scholarships and Awards - -836773 - |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | false | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | The Illinois College of Optometry (the COLLEGE) DOES NOT PUBLICIZE ITS NONDISCRIMINATORY POLICY BY NEWSPAPER OR BROADCAST MEDIA. |
| Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT | The College receives grants and appropriations from the following sources: U.S. department of education; U.S. Department of Health and Human Services; state of Illinois: Various states with students enrolled in college under contractual arrangements. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| FUNDED SCHOLARSHIPS AND AWARDS | 85 | $700,136 |
| ICO SCHOLARSHIPS | 57 | $136,637 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | Grants provided for Student Financial Aid are awarded by the Financial Aid Office based on appropriate guidelines. All awards are posted directly to the students' account and reviewed by the College's Business Office. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Elyse Chaglasian OD FAAO | ||||||||||||||
| Professor of Optometry / Board of Trustees | $124,895 | $0 | $361 | $0 | $774 | $0 | $15,595 | $0 | $22,931 | $0 | $164,556 | $0 | $0 | $0 |
| Sandra Block OD FAAO | ||||||||||||||
| Professor of Optometry / Board of Trustees | $163,053 | $0 | $2,000 | $0 | $2,286 | $0 | $20,558 | $0 | $8,600 | $0 | $196,497 | $0 | $0 | $0 |
| Arol Augsburger OD | ||||||||||||||
| President | $419,722 | $0 | $0 | $0 | $71,818 | $0 | $31,200 | $0 | $22,391 | $0 | $545,131 | $0 | $0 | $0 |
| John Budzynski CPA | ||||||||||||||
| VP of Business and Finance/CFO | $218,066 | $0 | $26,000 | $0 | $2,286 | $0 | $30,190 | $0 | $17,776 | $0 | $294,318 | $0 | $0 | $0 |
| Mark Colip OD | ||||||||||||||
| VP of Development and Student Affairs | $225,831 | $0 | $34,000 | $0 | $774 | $0 | $32,355 | $0 | $23,790 | $0 | $316,750 | $0 | $0 | $0 |
| Valarie Conrad OD | ||||||||||||||
| VP for Risk and Compliance | $191,381 | $0 | $34,000 | $0 | $774 | $0 | $27,267 | $0 | $23,777 | $0 | $277,199 | $0 | $0 | $0 |
| Leonard Messner OD | ||||||||||||||
| VP of Patient Care | $210,719 | $0 | $26,000 | $0 | $1,188 | $0 | $28,800 | $0 | $10,020 | $0 | $276,727 | $0 | $0 | $0 |
| Stephanie Messner OD | ||||||||||||||
| VP of Academic Affairs | $221,602 | $0 | $26,074 | $0 | $774 | $0 | $30,106 | $0 | $9,377 | $0 | $287,933 | $0 | $0 | $0 |
| Laura Rounce | ||||||||||||||
| VP of Administration | $208,331 | $0 | $34,000 | $0 | $774 | $0 | $30,375 | $0 | $23,790 | $0 | $297,270 | $0 | $0 | $0 |
| John Baker OD | ||||||||||||||
| Professor of Optometry | $167,045 | $0 | $3,102 | $0 | $1,188 | $0 | $20,525 | $0 | $656 | $0 | $192,516 | $0 | $0 | $0 |
| Janice Jurkus OD | ||||||||||||||
| Professor of Optometry | $163,887 | $0 | $5,000 | $0 | $2,286 | $0 | $20,562 | $0 | $8,774 | $0 | $200,509 | $0 | $0 | $0 |
| Yi Pang OD | ||||||||||||||
| Professor of Optometry | $158,795 | $0 | $5,123 | $0 | $180 | $0 | $21,158 | $0 | $22,959 | $0 | $208,215 | $0 | $0 | $0 |
| Zhiyong (Daniel) Ren | ||||||||||||||
| Sr Director of Clinical Performance | $170,212 | $0 | $1,500 | $0 | $180 | $0 | $20,693 | $0 | $660 | $0 | $193,245 | $0 | $0 | $0 |
| Bruce Teitelbaum OD | ||||||||||||||
| Associate Professor of Optometry | $160,270 | $0 | $3,247 | $0 | $2,286 | $0 | $20,036 | $0 | $8,579 | $0 | $194,418 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Travel for companions | The president of the college is provided a business guest travel allowance. The entire amount is treated as taxable compensation. |
| Schedule J, Part I, Line 1a Housing allowance or residence for personal use | The president of the college is provided a housing allowance for his personal residence. The entire amount is treated as taxable compensation. |
| Schedule J, Part I, Line 7 Non-fixed payments | The organization provided one time payments to certain officers, key employees and highest paid employees. These one-time payments were based on the results of the employees' performance evaluations. The amount of the bonuses were made at the discretion of executive leadership. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS FINANCE AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 861091967 | BondIssuerEIN |
| Bond Issued | 2013-08-15 | BondIssuedDt |
| Issue Price | $40,665,000 | IssuePriceAmt |
| Purpose | CURRENT REFUND OF 1998 ISSUE. | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $40,665,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $512,497 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $40,152,503 | OtherSpentProceedsAmt |
| Substantial Completion | 1998 | SubstantialCompletionYr |
| Current Refunding | Yes (true) | CurrentRefundingInd |
| Advance Refunding | false | AdvanceRefundingInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Private Business Use | 0.0 | TotalPrivateBusinessUsePct |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | Yes (true) | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | false | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | false | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part IV, Line 7 written procedures under IRC Section 148 | All proceeds of the 2013 Illinois Finance Authority Revenue Refund Bonds, issued August 15, 2013, were deposited in the Debt Service Fund, a bona fide debt service fund, and the Bond Proceeds Fund, by September 10, 2013. Consequently, there are no unexpended bond proceeds that are subject to arbitrage calculations. Therefore, there is no current need to create or maintain written procedures under IRC Section 148. |
| Schedule K, Part IV, Line 2c COLUMN A | Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 08/15/2018 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALERIE KATTOUF | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FAMILY MEMBER OF RICHARD KATTOUF, FORMER EMERITUS CHAIRMAN OF THE BOARD OF TRUSTEES | RelationshipDescriptionTxt |
| Transaction | $183,344 | TransactionAmt |
| Transaction | COMPENSATION AS PROFESSOR OF OPTOMETRY | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Ophthalmic Equipment | 1 | $34,995 | Cost |
| Yes (X) | Miscellaneous | 19 | $5,966 | Cost |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I Explanations of reporting method for number of contributions | FormAndLineReferenceDesc |
| Explanation | Other - Ophthalmic Equipment # of contributions Other - Miscellaneous # of Contributors | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d Description of other program services | (Expenses $ including grants of $)(Revenue $ 34,385) THE ORGANIZATION RECEIVES OTHER PROGRAM SERVICE REVENUE RELATED TO ITS BOOKSTORE, FACULTY RESEARCH, STUDENT LOANS AND ADMINISTRATION OF ILLINOIS EYE INSTITUTE AND ILLINOIS EYE INSTITUTE FOUNDATION. |
| Form 990, Part VI, Line 15b COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES | DURING THE 2017 TAX YEAR, SALARY COMPARISONS FOR ALL OTHER OFFICERS AND KEY EMPLOYEES WERE PERFORMED BY THE VP OF HUMAN RESOURCES AND THE CFO USING THE FOLLOWING SOURCES: ASCO SURVEY FOR FACULTY AND THE FOLLOWING FOR ALL NON-FACULTY POSITIONS: THE CHRONICLE OF HIGHER EDUCATION, THE NON-PROFIT ORGANIZATIONS COMPENSATION AND BENEFITS SURVEY, SALARY.COM, CBIZ POSITION REVIEW AND GRADING AND THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES. THIS PROCESS IS DOCUMENTED ON A TIMELY BASIS. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | There shall be an executive committee of the board which shall have such number of members, not less than six, as the board shall determine. The chairman, vice chairman, secretary and treasurer shall be members of the executive committee. The board of trustees shall elect the remaining members of the executive committee. During the intervals between meetings of the board of trustees and subject to such limitations as may be required by law or by resolution of the board of trustees, the executive committee shall have and may exercise all of the authority of the board of trustees in the management of the college. The executive committee may also from time to time formulate and recommend to the board of trustees for approval, general policies regarding management of the affairs of the college. A majority of the executive committee shall constitute a quorum. The chairman of the board of trustees shall be chairman of the executive committee and is authorized to convene a meeting upon notice in any form at any time. Meetings of the executive committee, which are not called by the chairman, shall be called at the request of any member of the executive committee other than the chairman, and shall be held upon not less than three days' notice given in any form, either written or oral. Executive committee action shall require a minimum of three votes. |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | LEONARD MESSNER AND STEPHANIE MESSNER - Family relationship |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | Prior to filing the return with the IRS, a draft of the completed form 990 is reviewed by the organization's outside independent tax advisors. The completed draft form 990 is then presented to the full board for review and is subsequently filed with the IRS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | The Illinois College of Optometry (ICO) maintains a board-approved conflict of interest policy. At any time that a material change occurs for any trustee, member of a committee with Board-delegated power, administrator, faculty or an employee's interest during the year, the potential for conflict shall be promptly disclosed. This shall occur either before the consideration/initiation of a contract or transaction or within 30 days of the change in materiality. The policy requires that a conflict of interest disclosure questionnaire be completed and reviewed for every "interested person" annually. The policy defines an interested person as Trustees, members of board committees, administrators, employees with purchasing authority and faculty members of ICO. Faculty and employee questionnaires are reviewed by the Compliance Officer and any potential conflicts will then be reviewed with the appropriate department administrator. The President will review the questionnaires of the senior administrative staff. All conflicts will be evaluated and any conflict that is determined to be material will be managed, if possible, or promptly eliminated. The Dean will review all faculty questionnaires. All conflicts will be evaluated and any conflict that is determined to be material will be managed, if possible, or promptly eliminated. The disclosure questionnaires of the Trustees, all members of Board committees with Board-delegated powers and the President/CEO will be sent to the Audit Committee and the Chairman of the Board by the Audit Committee Chair. The committee members will promptly review the questionnaires to identify any material conflicts and engage a process to investigate, manage or eliminate the conflict. The following procedural guideline shall apply if the Audit Committee determines that a significant or material conflict of interest may exist: (a.) The Audit Committee shall file the disclosure questionnaire of the interested person(s) with ICO's general counsel within 14 days and shall immediately alert any Trustees, committee members and/or the President that a proposed contract, transaction, or arrangement being considered may create a possible conflict. No action shall be taken on the proposed contract, transaction, or arrangement that creates the potential conflict until all the directives of this policy are completed. (b.)The interested person(s) will fully disclose, to the Audit Committee, all material facts relating to the interest. Only the disinterested members of the Audit Committee shall discuss the conflict. The disinterested members of the Audit Committee shall present its findings to the full Board for discussion and action. All disinterested Trustees must vote to determine whether a conflict of interest exists absent the Trustees who are interested persons. Should the disinterested members of the Board determine that a conflict of interest exists with respect to a particular contract, transaction or arrangement: (a.) The disinterested members of the Board shall exercise due diligence to determine whether ICO could obtain a more advantageous contract, transaction, or arrangement with reasonable efforts under the circumstances. If appropriate, the Board shall appoint a disinterested person, administrator or committee to investigate alternatives to the proposed contract, transaction, or arrangement. Such person or committee shall report its findings to the Board. (b.) The Board may approve the contract, transaction, or arrangement with an interested party only if the disinterested Trustees determine by a majority vote that the Board has satisfied its fiduciary duties toward ICO and qualified for the rebuttable presumption of reasonableness under internal revenue code section 4958 (the "intermediate sanctions statute"). Specifically, the Board may approve the contract, transaction, or arrangement only if the disinterested Trustees determine by a majority vote that: i. The proposed contract, transaction, or arrangement is in the college's own benefit; ii. Based on available and documented comparability data and/or independent valuations or appraisals, and on other essential factors (such as quality and timeliness), the proposed contract, transaction, or arrangement is fair and reasonable to ICO; and iii. ICO could not obtain a more advantageous contract, transaction, or arrangement with reasonable efforts under the circumstances. In addition, the Board shall take all other steps necessary or advisable to satisfy the requirements of the intermediate sanctions statute and its accompanying regulations and to qualify for the rebuttable presumption of reasonableness under such regulations. (c.) If an interested person, whether directly or indirectly, receives or would receive remuneration that could reasonably be construed to violate the anti-fraud and abuse provisions of the federal law governing the Medicare and Medicaid programs, such remuneration shall not be paid or shall be returned immediately to the payer. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | The president's compensation was reviewed by an outside consultant in 2011; this review was still considered relevant, and relied upon for 2017. The Presidents compensation was reviewed during 2017. On an annual basis, the Executive Committee of the Board of Trustees performs a performance review of the president. Any recommendations for increases are forwarded to the Finance Committee and then the Board of Trustees for review and approval. The review and approval are timely documented. The president's base compensation package is documented in a written employment contract. |
| Form 990, Part VI, Line 19 Required documents available to the public | Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. |
| Form 990, Part VII, Section A Compensation | Elyse Chaglasian and Sandra Block are compensated as Professors of Optometry and not as Board Members. Additionally, Osvaldo Lopez, MD received compensation but not for services rendered for as an officer of ICO. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | Other - Total Revenue: 88059, Related or Exempt Function Revenue: 25267, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 62792; |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS EYE INSTITUTE FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3241 S MICHIGAN AVENUE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264194132 | EIN |
| Primary Activities | FUNDRAISING | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS COLLEGE OF OPTOMETRY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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