2017-03-02T11:00:19-06:00 2016-06-30 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2015-07-01 362181973 Rosalind Franklin University of Medicine and Science ROSA 8475783000 3333 Green Bay Road North Chicago IL 600643095 JOHN NYLEN VP OF FINANCE AND ADMINISTRATION 2017-02-09 true john woodhull P01305268 3128997000 2015 2021-01-29 14:40:06Z Dr K Michael Welch 3333 Green Bay Road North Chicago IL 600643095 119022314 false X www.rosalindfranklin.edu X 2007 IL The mission of Rosalind Franklin University is to serve the nation through the interprofessional education of health and biomedical professionals and the discovery of knowledge dedicated to improving the health of its people. 19 16 1211 20 0 -8931 19687752 17591076 86489423 90400901 4933300 2334152 2941429 2935531 114051904 113261660 5897263 6125875 0 64145376 69464637 0 776804 35957339 34847647 105999978 110438159 8051926 2823501 248424640 240621706 136235930 137807017 112188710 102814689 X private research university with approximately 2,000 students enrolled in four colleges on a campus located in North Chicago, Illinois. Founded in 1911, RFUMS began as the Chicago Medical School and has grown to include the Dr. William M. Scholl College of Podiatric Medicine, The College of Health Professions and The College of Pharmacy. The mission of RFUMS is to serve the nation through the education of health and biomedical professionals and the discovery of knowledge dedicated to improving the health of its people. The University's mission is uniquely accomplished with a focus on interprofessional education, community service and research. false false 62419655 6125875 82769536 INSTRUCTION - THE PRIMARY PURPOSE OF THE UNIVERSITY IS TO EDUCATE AND TRAIN MEDICAL AND OTHER HEALTHCARE PROFESSION STUDENTS. IN 2015, RFUMS TRAINED APPROXIMATELY 2,026 STUDENTS. THE CHICAGO MEDICAL SCHOOL HAD 750 ENROLLED AND ACTIVE STUDENTS. THE COLLEGE OF HEALTH PROFESSIONS HAD 624 STUDENTS ENROLLED IN FIFTEEN PROGRAMS. THE SCHOLL COLLEGE OF PODIATRIC MEDICINE HAD 348 STUDENTS. THE COLLEGE OF PHARMACY HAD 271 STUDENTS. THE SCHOOL OF GRADUATE AND POST-DOCTORATE STUDIES HAD 33 STUDENTS. 20125393 0 0 PATIENT CARE - THE UNIVERSITY UTILIZES EXISTING LABORATORY FACILITIES AND PERSONNEL TO PROCESS GENERAL LAB TESTS AND SPECIALIZED LAB TESTS FOR REPRODUCTIVE IMMUNOLOGY. SPECIMENS COME THROUGH THE ROSALIND FRANKLIN UNIVERSITY HEALTH SYSTEM AND VARIOUS UNRELATED HEALTH SYSTEMS AND DIAGNOSIS CENTERS. THE SCHOLL FOOT & ANKLE CENTER AT THE ROSALIND FRANKLIN UNIVERSITY HEALTH SYSTEM (RFUHS) IS A FULLY FUNCTIONING PODIATRY CLINIC THAT ALSO SERVES AS A TRAINING FACILITY FOR STUDENTS FROM THE DR. WILLIAM M. SCHOLL COLLEGE OF PODIATRIC MEDICINE. SECOND- AND THIRD-YEAR PODIATRY STUDENTS COMPLETE REQUIRED CLERKSHIPS AT THE SCHOLL FOOT & ANKLE CENTER, DURING WHICH TIME THE STUDENTS PARTICIPATE IN DIRECT PATIENT CARE AND DEVELOP PROFICIENCY IN THE ASSESSMENT, DIAGNOSIS AND TREATMENT OF PODIATRIC MALADIES. ALL STUDENTS ARE SUPERVISED IN THE CLINIC BY LICENSED PODIATRIC PHYSICIANS FROM SCHOLL COLLEGE OF PODIATRIC MEDICINE. ADDITIONALLY, FOURTH-YEAR MEDICAL STUDENTS FROM THE CHICAGO MEDICAL SCHOOL COMPLETE SENIOR ELECTIVE CLERKSHIPS IN PSYCHIATRY AT THE RFUHS BEHAVIORAL HEALTH CENTER, A FULLY FUNCTIONING OUTPATIENT BEHAVIORAL HEALTH CLINIC PROVIDING PSYCHIATRIC AND PSYCHOLOGICAL SERVICES. THE STUDENTS OBSERVE AND PARTICIPATE IN DIRECT PATIENT CARE AND DEVELOP PROFICIENCY IN THE ASSESSMENT, DIAGNOSIS AND TREATMENT OF BEHAVIORAL HEALTH DISORDERS. ALL STUDENTS ARE SUPERVISED BY LICENSED PSYCHIATRISTS FROM THE CHICAGO MEDICAL SCHOOL. 3956362 0 4652941 RESEARCH - A CORE COMPONENT OF THE UNIVERSITY'S MISSION IS THE DISCOVERY OF KNOWLEDGE DEDICATED TO IMPROVING THE HEALTH OF THE NATION'S PEOPLE. IN ADDITION TO INSTRUCTION, MANY OF THE UNIVERSITY FACULTY ENGAGE IN UNIVERSITY-FUNDED AND EXTERNALLY FUNDED RESEARCH PROJECTS. PRIMARY AREAS OF RESEARCH FOCUS INCLUDE: STRUCTURAL BIOLOGY/ BIOCHEMISTRY, NEUROSCIENCES, AND CANCER/CELL/DEVELOPMENT BIOLOGY. EXTERNAL FUNDING COMES FROM THE NATIONAL INSTITUTE OF HEALTH AND ORGANIZATIONS SUCH AS THE AMERICAN DIABETES ASSOCIATION, THE AMERICAN CANCER SOCIETY AND THE AMERICAN HEART ASSOCIATION. 4233525 0 6107347 OTHER PROGRAM SERVICE REVENUES AND EXPENSES INCLUDE INTEREST ON STUDENT LOANS AND PENALTIES, STUDENT HOUSING REVENUE AND OTHER PROGRAM SERVICES. 4233525 6107347 90734935 true true false true false false false false false true true true false true true true false true true false true false false false false false false false true true true false false false false false false false false true false false false false false false true true true false false true 2984 0 true 1211 true true true false false false false false false false false false X 19 16 false false false false false false false true true false false true true true true true true true true false MD X JOHN NYLEN 8475783000 3333 GREEN BAY ROAD North Chicago IL 600643095 Frank H Mynard Treasurer 1.0 X X 0 0 0 Gail Warden Chair 1.0 X X 0 0 0 Wilfred J Lucas Secretary 1.0 1.0 X X 0 0 0 DR Michael Welch President & CEO/Trustee 39.0 1.0 X X 867752 0 1092742 Deborah B Taylor Trustee 1.0 X 0 0 0 David Leach Trustee 1.0 X 0 0 0 Cheryl Kraff-Cooper Trustee (THRU SEPT 2015) 1.0 X 0 0 0 Paula Banks-Jones Trustee (THRU JAN 2016) 1.0 X 0 0 0 Pamela Scholl Trustee 1.0 X 0 0 0 Michael C Foltz Trustee 1.0 X 0 0 0 Michael Hriljac Trustee (THRU SEPT 2015) 1.0 1.0 X 0 0 0 Rosalind Franklin Jekowsky Trustee 1.0 X 0 0 0 Elizabeth Coulson Trustee 1.0 X 0 0 0 Thomas G Moore Trustee 1.0 X 0 0 0 Kathleen Stone Trustee 1.0 1.0 X 0 0 0 Alan Weinstein Trustee 1.0 X 0 0 0 Michael A Drachler Trustee 1.0 X 0 0 0 Lawyer L Burks III Trustee 1.0 X 0 0 0 Victoria Hoch Trustee (AS OF MAY 2016) 1.0 X 0 0 0 Sandra Bruce Trustee (AS OF SEPT 2015) 1.0 X 0 0 0 Allan Cohen Trustee 1.0 X 0 0 0 Sarah Garber Faculty/Trustee 40.0 X 147407 0 32768 John Nylen CFO 30.0 10.0 X 221954 0 1609 Joseph X DiMario Dean 40.0 X 211999 0 35055 Wendy Rheault Provost 40.0 X 410828 0 34645 Nancy Parsley Dean 40.0 X 255457 0 31610 Judith Stoecker VP Faculty Affairs 40.0 X 228975 0 31132 Ronald Kaplan VP Research 40.0 X 305804 0 47001 Marc Abel Dean 40.0 X 208852 0 37259 James Record Dean (Partial Year) 40.0 X 319258 0 40880 Dr John Tomkowiak Dean & RFUHS President (Partial Year) 30.0 10.0 X 613275 0 44283 Bala Chandran Department Chair 40.0 X 287618 0 42901 Robert Bridges Department Chair 40.0 X 268873 0 42594 Michael Zdon Department Chair 40.0 X 308337 0 49410 Nutan Atre-Vaidya Sr Assoc. Dean for Academic Learning, Chair of Psy X 290253 0 44123 Marina Wolf Professor & Chair 40.0 X 266659 0 39942 5213301 0 1647954 147 false true true HARVARD MAINTENANCE 570 SEVENTH AVE NEW YORK NY 10018 JANITORIAL SERVICES 1182186 TED STUDIOS INC 455 W ERIE STREET 104 CHICAGO IL 60654 MARKETING SERVICES 592949 MIDWEST DIAGNOSTIC PATHOLOGY 1775 Dempster St Park Ridge IL 60527 LAB SERVICES 547132 MERRITT HAWKINS LLC P O BOX 281943 ATLANTA GA 303841943 CONSULTING SERVICES 419502 ELLUCIAN INC 62814 COLLECTIONS CENTER DR CHICAGO IL 06069 ERP SERVICES 368325 21 X 9368067 8223009 17591076 Tuition & Fees 611310 82769536 82769536 Patient care 621400 4822136 4822136 Student housing revenue 611310 2806784 2806784 Continuing Education 611310 2445 2445 0 0 0 0 90400901 2074216 205492 1868724 12100 12100 0 12100 12100 6015590 5000 5760654 0 254936 5000 259936 259936 Compound Testing - Lab 621500 1942730 1942730 Transcript and registration fees 900099 91651 91651 889050 889050 0 0 2923431 113261660 93529824 0 2140760 0 0 6125875 6125875 0 0 0 0 5513357 2660286 2637315 215756 226782 140709 86073 0 50906453 43466097 7246888 193468 3596993 3140058 449004 7931 5372233 4652721 663790 55722 3848819 3238027 583058 27734 0 0 0 0 611086 0 611086 0 202292 0 202292 0 18000 0 18000 0 0 0 101957 0 101957 0 5284858 4820907 442317 21634 1369553 251827 1117726 0 10456607 9898493 455190 102924 1440047 0 1440047 0 3241453 3061921 71372 108160 1365118 1181163 158133 25822 358104 322648 32081 3375 1720182 1400250 319932 0 0 0 0 0 6609272 5376007 1233265 0 896223 63732 832491 0 Equipment and Maintenance 109069 51342 56242 1485 Bond Fees 521028 423806 97222 0 Membership dues 438555 395308 37700 5547 104243 63758 33239 7246 110438159 90734935 18926420 776804 23487508 17683988 408243 347337 464821 760123 2541249 3259146 0 0 9669924 9297984 1917863 2107581 205853779 94560974 115195654 111292805 57133539 54844791 24257329 25924238 0 1035333 975299 12313177 14128414 248424640 240621706 13907741 13688863 6383580 6016046 62970000 60190000 52974609 57912108 136235930 137807017 X 99418798 89587754 6779564 7231512 5990348 5995423 112188710 102814689 248424640 240621706 X 2823501 -2804836 0 0 0 -9392686 X false true X true true true X 16790493 17573161 18148911 19687752 17591076 89791393 0 0 16790493 17573161 18148911 19687752 17591076 89791393 0 89791393 817376 154577 2118127 1536899 1868724 6495703 0 0 0 0 0 0 0 96287096 434304541 0.9325 0.9208 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 18000 false false 18000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University's lobbying expenses represent fees paid to a government relations consultant who works with the organization on its relations with state elected officials in Springfield. The consultant has facilitated meetings with state legislators, kept the organization apprised of legislation that impacts higher education, and apprised the organization of potential state funding opportunities. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The University's lobbying expenses represent fees paid to a government relations consultant who works with the organization on its relations with state elected officials in Springfield. The consultant has facilitated meetings with state legislators, kept the organization apprised of legislation that impacts higher education, and apprised the organization of potential state funding opportunities. 74432034 4014251 -993832 211504 3311969 0 73928980 70089700 4123762 448546 260954 -30980 0 74432034 64190162 2809742 6466942 478772 2898374 0 70089700 61765154 2526181 2357435 451688 2006920 0 64190162 58267600 6728666 1555354 495399 4291067 0 61765154 0.9125 0.0811 0.0064 false false 18886288 18886288 142808096 61887253 80920843 0 0 0 44159395 32673721 11485674 0 0 111292805 Real Assets 3509021 F private equity 1520017 F hedge funds 20895200 F 25924238 DUE FROM RELATED ORGANIZATION 14128414 14128414 Federal Equity in student loan program 8508354 Postretirement healthcare benefits 39177246 Interest rate swap agreement 10226508 57912108 X Schedule D, Part V, Line 4 Intended uses of endowment funds The University's endowment is comprised of both donor-restricted and board-designated funds. The Investment Committee of the Board of Trustees provides oversight over the investment of those endowment funds by establishing policies and procedures concerning the management of endowment funds. Investment is consistent with the Uniform Prudent Management of Institutional Fund Act (UPMIFA). RFUMS has adopted a Total Return Spending Policy, which allocates an amount annually to be utilized according to donor restrictions or for advancing the University's mission in unfunded areas. The majority of donor-restricted funds provide scholarships and student aid. Funds generated by board-designated funds are used to support strategic initiatives and to provide general operating support. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The University has received a favorable letter of determination from the Internal Revenue Service concerning its tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. The University files a Form 990 annually. When these returns are filed , it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the tax position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to universities include such matters as the following: the tax exempt status of each entity and various positions relative to potential sources of unrelated business income tax (UBIT). UBIT is reported on Form 990-T, as appropriate. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for uncertain tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of June 30, 2016 and 2015, there were no uncertain tax positions identified. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Forms 990 and 990-T filed by the University are subject to the examination by the IRS up to three years from the extended due date of each return. Management believes the Forms 990 and 990-T have been filed appropriately. Forms 990 and 990-T filed by the University are no longer subject to examination for the fiscal years ended June 30, 2012 or prior. The University would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. The University has no amounts accrued for interest or penalties as of June 30, 2016 and 2015. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY Announcements indicate that the University is open to everyone regardless of race, gender, color, or creed. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Rosalind Franklin University of Medicine & Science applies for and receives research grants, as approved on a case by case basis, from various Federal agencies. The University also participates in Federal student aid programs for qualified students, specifically Perkins, Federal Direct Loan, Federal Work Study, and Health Profession Student Loans. The Federal grants and loans are reported in the University's A-133 Single Audit. Europe (Including Iceland and Greenland) 0 0 Program Services CONFERENCES AND MEETINGS 30241 North America (Canada & Mexico only) 0 0 Program Services CONFERENCES AND MEETINGS 10855 East Asia and the Pacific 0 0 Program Services CONFERENCES AND MEETINGS 4903 Central America and the Caribbean 0 0 Program Services CONFERENCES AND MEETINGS 5064 South America 0 0 Program Services CONFERENCES AND MEETINGS 2084 Sub-Saharan Africa 0 0 Program Services CONFERENCES AND MEETINGS 8095 Central America and the Caribbean 0 0 Investments 11045000 0 0 0 0 0 0 11106242 0 11106242 true false true false true false true TUITION WAIVERS 630 3954958 PRIVATE SCHOLARSHIPS 337 1366466 DEPT. OF DEFENSE SCHOLARSHIPS 13 622805 DEPENDENT TUITION WAIVERS 5 173911 NRSA SCHOLARSHIP 2 7735 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Grants and scholarships are awarded to students via a direct reduction in their billed tuition for the term under which the grant or scholarship applies. The use of these grants and scholarships is limited in that monies can only be applied to tuition costs related to the specific RFUMS program a recipient is enrolled in. X true true X X X false true false false false false false false DR Michael Welch President & CEO/Trustee 828752 0 0 0 39000 0 1082002 0 10740 0 1960494 0 0 0 Sarah Garber Faculty/Trustee 147407 0 0 0 0 0 15591 0 17177 0 180175 0 0 0 John Nylen CFO 221954 0 0 0 0 0 0 0 1609 0 223563 0 0 0 Joseph X DiMario Dean 211999 0 0 0 0 0 21781 0 13274 0 247054 0 0 0 Wendy Rheault Provost 410828 0 0 0 0 0 26500 0 8145 0 445473 0 0 0 Nancy Parsley Dean 255457 0 0 0 0 0 25677 0 5933 0 287067 0 0 0 Judith Stoecker VP Faculty Affairs 228975 0 0 0 0 0 23366 0 7766 0 260107 0 0 0 Ronald Kaplan VP Research 305804 0 0 0 0 0 26500 0 20501 0 352805 0 0 0 Marc Abel Dean 208852 0 0 0 0 0 21727 0 15532 0 246111 0 0 0 James Record Dean (Partial Year) 319258 0 0 0 0 0 26500 0 14380 0 360138 0 0 0 Dr John Tomkowiak Dean & RFUHS President (Partial Year) 613275 0 0 0 0 0 26500 0 17783 0 657558 0 0 0 Bala Chandran Department Chair 283839 0 3779 0 0 0 26500 0 16401 0 330519 0 0 0 Robert Bridges Department Chair 255342 0 13531 0 0 0 26363 0 16231 0 311467 0 0 0 Michael Zdon Department Chair 308337 0 0 0 0 0 26500 0 22910 0 357747 0 0 0 Nutan Atre-Vaidya Sr Assoc. Dean for Academic Learning, Chair of Psy 284271 0 5982 0 0 0 26500 0 17623 0 334376 0 0 0 Marina Wolf Professor & Chair 263764 0 2895 0 0 0 26500 0 13442 0 306601 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use RFUMS PROVIDES HOUSING FOR ITS PRESIDENT, DR. K. MICHAEL WELCH. THE COST ASSOCIATED WITH THIS BENEFIT WAS $39,000 and was TREATED AS TAXABLE COMPENSATION. ACCORDINGLY, this compensation HAS BEEN INCLUDED IN W-2 WAGES. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE UNIVERSITY HAS AN AGREEMENT WITH DR. K. MICHAEL WELCH WHICH PROVIDES FOR A SUPPLEMENTAL RETIREMENT BENEFIT UPON HIS RETIREMENT. THE UNIVERSITY ACCRUED $1,082,002 IN EXPENSE AS A RESULT OF THIS AGREEMENT FOR THE YEAR ENDED JUNE 30, 2016. THE PLAN DOES NOT BECOME VESTED UNTIL DECEMBER 31, 2017. A Illinois Finance Authority 362780046 45200PVN4 2003-02-03 57500000 educational facilities and renovations false false false B Illinois Finance Authority 362780046 2012-10-01 15500000 construct educational facilities false false false A 0 0 57600299 0 0 0 735748 1624929 0 25211184 30028438 0 2006 true false true true B 0 0 15500000 0 0 0 245042 0 0 15254958 0 0 2014 false false true true A false false false false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true A false true false false true false false false true B false true false false true false false false true A true B true SCOTT SURRIDGE SON OF FORMER EVP AND COO 68829 EMPLOYEE OF THE UNIVERSITY false JUNE MAYOR WIFE OF KEY EMPLOYEE 79794 EMPLOYEE OF THE UNIVERSITY false MARK GRUMET SON OF TRUSTEE 78137 EMPLOYEE OF THE UNIVERSITY false Form 990, Part III, Line 4d Description of other program services (Expenses $ 4,233,525 including grants of $ 0)(Revenue $ 6,107,347) OTHER PROGRAM SERVICE REVENUES AND EXPENSES INCLUDE INTEREST ON STUDENT LOANS AND PENALTIES, STUDENT HOUSING REVENUE AND OTHER PROGRAM SERVICES. Form 990, Part VI, Line 11b Review of form 990 by governing body The organization's chief financial officer conducts a detailed review of the Form 990 in conjunction with RFUMS' outside independent tax preparer. A formal review of the full Form 990 is then conducted by the organization's officers, members of management and the independent Executive Committee of the Board of Trustees prior to filing with the Internal Revenue Service. Subsequent to this review, a copy of the Full Form 990 is distributed to each voting member of the Board of Trustees prior to filing with the Internal Revenue Service. Form 990, Part VI, Line 12c Conflict of interest policy RFUMS has written conflict of interest policies for members of the Board of Trustees and officers of the corporation. In addition, conflict of interest policies and disclosure requirements cover senior administration and faculty, and all investigators engaged in university-sponsored or externally funded research. On an annual basis, members of the groups noted are required to disclose any interests that could give rise to any conflicts and provide a list of any potential and actual conflicts. Board of Trustees and Officer Disclosure documents are monitored by the Executive Committee of the Board. All others are monitored by the University Chief Compliance Officer. In the event of a conflict of interest, the individual is required to disclose the conflict and is prohibited from participating as a member of a committee or board in the matter in which there is a conflict. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE TOTAL COMPENSATION PACKAGE OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED, APPROVED AND REVIEWED EACH YEAR BY THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND REPORTED TO THE FULL BOARD OF TRUSTEES. THE ORGANIZATIONAL COMPENSATION PHILOSOPHY IS TO COMPENSATE TOP MANAGEMENT AT THE 75TH PERCENTILE OR BELOW OF THE MARKET. TO ENSURE THAT COMPENSATION IS BOTH REASONABLE AND COMPETITIVE, BIENNIALLY THE BOARD RETAINS THE SERVICES OF AN OUTSIDE INDEPENDENT CONSULTING FIRM WITH EXPERTISE IN ACADEMIC HEALTHCARE. THE INDEPENDENT CONSULTANT CONDUCTS A MARKET SURVEY THAT PROVIDES THE BOARD WITH COMPARABILITY DATA FOR COMPENSATION FOR SIMILARLY QUALIFIED PERSONS AT SIMILAR ORGANIZATIONS. THE DECISIONS AND DELIBERATIONS REGARDING THE REVIEW AND APPROVAL OF THE TOP MANAGEMENT OFFICIAL'S COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS LAST UNDERTAKEN FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IN JULY, 2016 Form 990, Part VI, Line 15b Process to establish compensation of other employees THE TOTAL COMPENSATION PACKAGE OF THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES IS ESTABLISHED, APPROVED AND REVIEWED EACH YEAR BY THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND REPORTED TO THE FULL BOARD OF TRUSTEES. THE ORGANIZATIONAL COMPENSATION PHILOSOPHY IS TO COMPENSATE THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES AT THE 75TH PERCENTILE OR BELOW OF THE MARKET. TO ENSURE THAT COMPENSATION IS BOTH REASONABLE AND COMPETITIVE, BIENNIALLY THE BOARD RETAINS THE SERVICES OF AN OUTSIDE INDEPENDENT CONSULTING FIRM WITH EXPERTISE IN ACADEMIC HEALTHCARE. THE INDEPENDENT CONSULTANT CONDUCTS A MARKET SURVEY THAT PROVIDES THE BOARD WITH COMPARABILITY DATA FOR COMPENSATION FOR SIMILARLY QUALIFIED PERSONS AT SIMILAR ORGANIZATIONS. THE DECISIONS AND DELIBERATIONS REGARDING THE REVIEW AND APPROVAL OF THE OTHER OFFICERS AND KEY EMPLOYEES' COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS LAST UNDERTAKEN FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES IN JULY, 2016 Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VII, Section A Compensation of Board Members Sarah Garber is not compensated by RFUMS in her capacity as a board member, but does receive compensation in her capacity as a faculty member of the university. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue All other revenue - Total Revenue: 889050, Related or Exempt Function Revenue: 889050, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNREALIZED LOSS ON SWAP - -2253886; POST RETIREMENT EXPENSE - -2492672; POST RETIREMENT ACTUARIAL CHANGE - -4646128; ROSALIND FRANKLIN UNIVERSITY HEALTH SYSTEM 3333 GREEN BAY ROAD NORTH CHICAGO IL 60064 770691998 HEALTH CARE IL 501(c)(3 Type I RFUMS true false false false true false false false false false false false false false true true true false false false Rosalind Franklin University Health System D 14128414 TOTAL ACTUAL OUTSTANDING LOAN AT YEAR END ROSALIND FRANKLIN UNIVERSITY HEALTH SYSTEM P 726779 ACTUAL COST