2016-11-11T11:56:58-06:00 2016-06-30 362985770 SELDEN FOX LTD 619 ENTERPRISE DRIVE OAK BROOK IL 605238835 990 2015-07-01 362167773 LEWIS UNIVERSITY LEWI 8158380500 ONE UNIVERSITY PARKWAY ROMEOVILLE IL 60446 ROBERT C DEROSE SENIOR VICE PRESIDENT 8158365202 2016-11-04 1 PAUL J ROZEK P00542258 6309541400 2015 2017-02-10 21:41:12Z DR DAVID LIVINGSTON ONE UNIVERSITY PARKWAY ROMEOVILLE IL 60446 181796886 0 7204 X WWW.LEWISU.EDU X 1934 IL LEWIS UNIVERSITY, GUIDED BY ITS CATHOLIC AND LASALLIAN HERITAGE, PROVIDES TO A DIVERSE STUDENT POPULATION PROGRAMS FOR A LIBERAL AND PROFESSIONAL EDUCATION GROUNDED IN THE INTERACTION OF KNOWLEDGE AND FIDELITY IN THE SEARCH FOR TRUTH. LEWIS PROMOTES THE DEVELOPMENT OF THE COMPLETE PERSON THROUGH THE PURSUIT OF WISDOM AND JUSTICE. FUNDAMENTAL TO ITS MISSION IS A SPIRIT OF ASSOCIATION WHICH DEVELOPS COMMUNITY IN ALL TEACHING, LEARNING AND SERVICE. 35 35 2248 900 0 0 23048619 17292280 142983864 146302848 1434697 1020910 1571877 1678389 169039057 166294427 51027196 49114566 0 0 68972611 71030047 150587 103255 2359095 39484997 39563794 159635391 159811662 9403666 6482765 273817760 280629098 161529709 162018240 112288051 118610858 SEE MISSION STATEMENT ON PAGE 1, PART I, LINE 1 (CONTINUED ON SCHEDULE O) 0 0 143970844 49114566 148199366 THE UNIVERSITY PROVIDES POST SECONDARY EDUCATION AND TRAINING TO STUDENTS. PROGRAM SERVICE COSTS INCLUDE INSTRUCTORS SALARIES AND RESIDENCE HALL AND RELATED OPERATIONAL EXPENSES. APPROXIMATELY 6,500 STUDENTS ATTENDED THE SCHOOL DURING THIS PERIOD. 143970844 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 130 0 1 2248 1 0 0 0 0 0 1 1 0 0 0 0 X 35 35 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ROBERT C DEROSE CPA VP-BUSINESS 8158365201 ONE UNIVERSITY PARKWAY ROMEOVILLE IL 60446 MICHAEL BLAKE TRUSTEE 0.00 X 0 0 0 ROBERT O CARR TRUSTEE 0.00 X 0 0 0 JANE CONDON TRUSTEE 0.00 X 0 0 0 BROTHER KEVIN CONVEYFSC TRUSTEE 0.00 X 0 0 0 BROTHER PATRICK CONWAYFSC TRUSTEE 0.00 X 0 0 0 JOHN E CUMBEE III TRUSTEE 0.00 X 0 0 0 BROTHER DOMINIC EHRMANTRAUT FSC TRUSTEE 0.00 X 0 0 0 KENNETH GABRIEL TRUSTEE 0.00 X 0 0 0 BROTHER DAVID GALINSKI FSC TRUSTEE 0.00 X 0 0 0 MOHRA GAVANKAR SECRETARY 0.00 X 0 0 0 KATHLEEN HALLORAN VICE CHAIR AND TREASURER 0.00 X 0 0 0 DUANE HAYDEN TRUSTEE 0.00 X 0 0 0 DR SIHAM IBRAHIM TRUSTEE 0.00 X 0 0 0 JOHN KALEC TRUSTEE 0.00 X 0 0 0 JAMES LAGRIPPE TRUSTEE 0.00 X 0 0 0 BARBARA J MARTIN TRUSTEE 0.00 X 0 0 0 GREGORY MARUSZAK TRUSTEE 0.00 X 0 0 0 BR ERNEST MILLER FSC TRUSTEE 0.00 X 0 0 0 KEVIN NEWQUIST TRUSTEE 0.00 X 0 0 0 REVEREND PAUL E NOVAK OSM TRUSTEE 0.00 X 0 0 0 DR BRENNAN O'DONNELL TRUSTEE 0.00 X 0 0 0 DOLORES PAVLETIC TRUSTEE 0.00 X 0 0 0 ROBERT PLUTH JR TRUSTEE 0.00 X 0 0 0 EDWARD PRODEHL TRUSTEE 0.00 X 0 0 0 DR SARODE PUNDALEEKA TRUSTEE 0.00 X 0 0 0 BR MICHAEL QUIRK FSC TRUSTEE 0.00 X 0 0 0 WILLIAM RYBAK TRUSTEE 0.00 X 0 0 0 EDUARDO SANCHEZ TRUSTEE 0.00 X 0 0 0 BR JOSEPH SAURBIER FSC TRUSTEE 0.00 X 0 0 0 BR LARRY SCHATZ FSC TRUSTEE 0.00 X 0 0 0 CAROL SCHNEIDER TRUSTEE 0.00 X 0 0 0 RUSS SMYTH CHAIRMAN 0.00 X 0 0 0 JEFFREY J STAHL TRUSTEE 0.00 X 0 0 0 JOEL STAVA TRUSTEE 0.00 X 0 0 0 GUY R WIEBKING TRUSTEE 0.00 X 0 0 0 BROTHER JAMES GAFFNEY FSC COMPENSAT PRESIDENT 40.00 X 0 0 0 STEPHANY SCHLACTER PROVOST 40.00 X 271259 0 26345 ROBERT DEROSE SENIOR VICE PRESIDENT / CF 40.00 X 253853 0 37521 JOSEPH FALESE SENIOR VICE PRESIDENT, STU 40.00 X 184604 0 11966 RAYMOND KENNELLY SENIOR VICE PRESIDENT, ENR 40.00 X 241448 0 24591 FAISAL ABDULLAH PROFESSOR, COLLEGE OF BUSI 40.00 X 185859 0 31451 RAMI KHASAWNEH DEAN, COLLEGE OF BUSINESS 40.00 X 209219 0 34340 RAYMOND KLUMP PROFESSOR, MATH/COMPUTER S 40.00 X 193987 0 33821 MARGARET RICE DEAN, COLLEGE OF NURSING 40.00 X 161755 0 19238 MICHELE YOUNG SPECIAL ASSISTANT TO THE PROVOST 40.00 X 170813 0 19986 LENORD BERTOLINI FORMER VICE PRESIDENT, UNIVERSITY 40.00 X 183415 0 33124 2056212 0 272383 101 1 1 0 MILLER CANFIELD PADDOCK AND STONE PL 225 W WASHINGTON SUITE 2600 CHICAGO IL 60606 LEGAL SERVICES 343507 1 669611 11485063 5137606 236278 17292280 STUDENT TUITION AND FEES 900099 133938624 133938624 STUDENT HOUSING 611710 8124201 8124201 STUDENT MEAL PLANS 611710 4240023 4240023 146302848 942955 942955 15221651 15143696 77955 77955 77955 140634 669611 358763 -218129 -218129 MISCELLANEOUS 900099 1087464 1087464 AVIATION SERVICES 611710 651306 651306 CONFERENCING 900099 157748 157748 1896518 166294427 148199366 0 802781 49114566 49114566 1697221 495846 1008454 192921 52542291 46190130 5124731 1227430 3143721 2787012 280815 75894 9620795 8399057 981132 240606 4026019 3496216 422336 107467 292442 292442 73250 73250 103255 103255 10820678 9652243 822823 345612 879446 824813 54633 4811705 3574601 1214777 22327 3064257 3059311 4946 1156844 1068972 60708 27164 2298453 2149679 148774 8415956 8374916 29965 11075 990961 224013 766948 OTHER DIRECT EXPENSE 2411167 2399662 11505 OTHER EXPENSE 2153662 1271298 877020 5344 DATA PROCESSING 717119 717119 BOOKS AND PERIODICALS 587557 587557 890297 300952 589345 159811662 143970844 13481723 2359095 4929827 6971671 2531048 2395432 65822703 67549739 1178635 1148437 237138303 99736225 129755259 137402078 68927909 64416049 672379 745692 273817760 280629098 11471258 12704068 62988541 64198408 84042855 81874608 3027055 3241156 161529709 162018240 X 77570049 82816364 26271129 26914398 8446873 8880096 112288051 118610858 273817760 280629098 X 6482765 48619 -208577 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54333581 531982 1066401 801065 55130899 52561305 1496477 958333 682534 54333581 46157876 972175 6043927 612673 52561305 40829607 2243086 3497454 412271 46157876 39831324 508044 869868 379629 40829607 0.71490 0.16110 0.12400 0 0 3194808 3194808 156323956 58402104 97921852 1310816 816607 494209 43657434 33426914 10230520 32651289 7090600 25560689 137402078 TRUST STOCK FUNDS 7390872 F OTHER INVESTMENTS 771073 F LAND 13950000 F NORTHERN TRUST TRUST STOCK FUNDS 36245439 F MAKENA INVESTMENT FUND 3289542 F TREASURY BILLS/STRIPS 2769123 F 64416049 DEPOSITS HELD FOR OTHERS 198893 SWAP LIABILITY 2296571 457(B) PLAN LIABILITIES 745692 3241156 166769806 48619 67997 116616 166653190 -358763 -358763 166294427 160446999 635337 635337 159811662 0 159811662 PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS AND SPECIFIC ACADEMIC PROGRAM SUPPORT WHERE THE OPERATING FUNDS ARE NOT AVAILABLE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COLLEGE WORK-STUDY MATCHING GRANT 276,574. LOSS ON INTEREST RATE SWAP AGREEMENT LIABILITY -208,577. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE NETTED WITH REVENUE ON 990, SHOWN GROSS ON AUDITED FINANCIAL STATEMENTS -358,763. PART XII, LINE 2D - OTHER ADJUSTMENTS: COLLEGE WORK-STUDY MATCHING GRANT 276,574. DIRECT FUNDRAISING EXPENSE ON FINANCIAL STATEMENTS, NETTED WITH REVENUE ON 990 358,763. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 SCHEDULE E, PART I, LINE 3 IN ALL PUBLICATIONS USED BY THE UNIVERSITY TO SOLICIT STUDENTS FROM THE COMMUNITY, A NONDISCRIMINATORY POLICY STATEMENT IS INCLUDED. AN EXAMPLE OF THE STATEMENT FOLLOWS; "LEWIS UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION, HANDICAP OR SEX IN THE RECRUITMENT AND ADMISSION OF STUDENTS." SCHEDULE E, PART I, LINE 6 SCHEDULE E PART V LINE 6A - THE UNIVERSITY RECEIVES GOVERNMENT SUBSIDIES OF RESTRICTED AND UNRESTRICTED NATURE TO BE USED FOR GENERAL INSTITUTIONAL AND SPECIAL EDUCATIONAL PURPOSES. SCHEDULE E PART V LINE 6B - EFFECTIVE JULY 1, 1987 THE NURSING STUDENT LOAN (NSL) PROGRAM AT THE UNIVERSITY WAS PLACED IN TERMINATED STATUS BY THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. THIS RESULTED FROM THE SCHOOL NOT REDUCING THE PROGRAM'S DELINQUENCY RATE TO A SPECIFIED LEVEL AS REQUIRED BY PERFORMANCE STANDARD REGULATIONS FOR THE NSL PROGRAM. X X X X X X X 1 THOMAS R KENNEDY & ASSOCIATES 9896 WEST 74TH WAY ARVADA CO 80005 CONTACTS DONORS TO SOLICIT FUNDS 1 0 30244 0 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 STAFF AND MANAGEMENT OF PHONATHON 0 0 73011 0 103255 IL SIGNUM FIDEI 377462 295737 81725 146657 64195 AS TIME GOES BY 292930 258530 34400 5423 2 139853 115344 24509 142488 810245 669611 140634 146657 212106 358763 -218129 1 SCHOLARSHIPS FOR STUDENTS ATTENDING LEWIS UNIVERSITY 3872 49114566 0 PART I, LINE 2: THE OFFICE OF FINANCIAL AID SERVICES AWARDS FINANCIAL AID IN ACCORDANCE WITH THE HIGHER EDUCATION ACT. FEDERAL AND STATE AWARDING GUIDELINES ARE USED IN AWARDING STUDENT'S FINANCIAL AID. STUDENT'S ACCOUNTS ARE REVIEWED ON A BI-WEEKLY BASIS TO ENSURE THAT ALL STUDENTS ARE CURRENTLY ENROLLED ACCORDING TO APPROPRIATE GUIDELINES. A QUALITY CONTROL CHECK IS IN PLACE IN THAT A FILE AUDIT IS PERFORMED OF A RANDOM SAMPLE OF FILES TO ENSURE THAT PROPER PROCEDURES ARE BEING FOLLOWED. AN ANNUAL AUDIT IS PERFORMED BY AN OUTSIDE COMPANY TO ENSURE THAT THERE ARE NO GROSS VIOLATIONS OF FEDERAL AND STATE REGULATIONS. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 STEPHANY SCHLACTER PROVOST 266563 0 0 0 4696 0 17327 0 9018 0 297604 0 0 0 ROBERT DEROSE SENIOR VICE PRESIDENT / CF 244388 0 0 0 9465 0 15885 0 21636 0 291374 0 0 0 JOSEPH FALESE SENIOR VICE PRESIDENT, STU 184088 0 0 0 516 0 11966 0 0 0 196570 0 0 0 RAYMOND KENNELLY SENIOR VICE PRESIDENT, ENR 239579 0 0 0 1869 0 15573 0 9018 0 266039 0 0 0 FAISAL ABDULLAH PROFESSOR, COLLEGE OF BUSI 179405 0 0 0 6454 0 11661 0 19790 0 217310 0 0 0 RAMI KHASAWNEH DEAN, COLLEGE OF BUSINESS 195440 0 0 0 13779 0 12704 0 21636 0 243559 0 0 0 RAYMOND KLUMP PROFESSOR, MATH/COMPUTER S 187468 0 0 0 6519 0 12185 0 21636 0 227808 0 0 0 MARGARET RICE DEAN, COLLEGE OF NURSING 157228 0 0 0 4527 0 10220 0 9018 0 180993 0 0 0 MICHELE YOUNG SPECIAL ASSISTANT TO THE PROVOST 168736 0 0 0 2077 0 10968 0 9018 0 190799 0 0 0 LENORD BERTOLINI FORMER VICE PRESIDENT, UNIVERSITY 176740 0 0 0 6675 0 11488 0 21636 0 216539 0 0 0 PART I, LINE 1A THE UNIVERSITY PRESIDENT RECEIVES $9,600 PER ANNUM TO USE FOR OUT-OF-POCKET SITUATIONS THAT ARISE (I.E. TRAVEL INCIDENTALS, EMERGENCIES, PASTORAL NEEDS, SOCIAL GIFTS, ETC.). THE PRESIDENT RECEIVES NO DIRECT COMPENSATION FROM THE UNIVERSITY. A VILLAGE OF ROMEOVILLE WILL COUNTY ILLINOIS 366009349 77615NAA2 2006-04-26 44950000 VARIOUS CAPITAL PROJECTS 0 0 0 B VILLAGE OF ROMEOVILLE WILL COUNTY ILLINOIS 366009349 77615NABO 2011-12-21 24300000 VARIOUS CAPITAL PROJECTS 0 0 0 C VILLAGE OF ROMEOVILLE WILL COUNTY ILLINOIS 366009349 77615NAV6 2015-03-17 38995000 PARTIAL REFUNDING OF 2006 BONDS & RELATED SWAP, REFINANCE BANK LOAN, 0 0 0 A 45122389 24533450 588939 20000000 1 1 1 1 B 24300000 284860 24015140 0 0 1 1 C 42019072 493213 18520000 548859 10000000 12457000 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 1 1 1 WELLS FARGO 9.800000000000 0 0 0 0 0 B 0 0 0 1 1 1 WELLS FARGO 6.750000000000 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: VILLAGE OF ROMEOVILLE, WILL COUNTY, ILLINOIS DATE THE REBATE COMPUTATION WAS PERFORMED: 04/26/2016 ISSUER NAME: VILLAGE OF ROMEOVILLE, WILL COUNTY, ILLINOIS DATE THE REBATE COMPUTATION WAS PERFORMED: 05/18/2015 X 8 220478 QUOTED MARKET PRICE X CHEMISTRY EQUIPMENT 1 15800 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 7B THE UNIVERSITY IS SPONSORED BY THE CHRISTIAN BROTHERS OF THE MIDWEST, INC. PURSUANT TO THE SPONSORSHIP COVENANT SIGNED IN AUGUST 2001, THE FOLLOWING SIGNIFICANT LEGAL ASPECTS ARE INCORPORATED INTO THE DOCUMENT: 1. BOARD MEMBERSHIP - 6 MEMBERS ARE TO BE CHRISTIAN BROTHERS 2. RESERVED POWERS FOR THE CHRISTIAN BROTHERS REGARDING: (A) TO SELL, TRANSFER, OR ENCUMBER REAL PROPERTY ASSETS OF THE UNIVERSITY; (B) TO DISSOLVE THE CORPORATION OR CLOSE THE UNIVERSITY; (C) TO MERGE WITH ANOTHER CORPORATION OR EDUCATIONAL ENTITY; (D) TO AMEND THE BY-LAWS OR THE CORPORATE CHARTER OF THE UNIVERSITY; (E) TO CHANGE THE CATHOLIC CHARACTER OR THE CHRISTIAN BROTHERS' SPONSORSHIP OF THE UNIVERSITY; AND (F) TO CHANGE THE REQUIREMENTS OF HAVING A CHRISTIAN BROTHER AS PRESIDENT OF THE UNIVERSITY. 3. IT IS PREFERRED THAT THE PRESIDENT OF THE UNIVERSITY SHALL BE A CHRISTIAN BROTHER, PRESUMING HE IS EQUALLY OR MORE QUALIFIED THAN OTHER CANDIDATES, UNLESS THE BOARD OF TRUSTEES, WITH THE CONCURRENCE OF THE PROVINCIAL OF THE CHRISTIAN BROTHERS, DETERMINES THAT NO QUALIFIED CHRISTIAN BROTHER IS AVAILABLE TO SERVE IN THIS CAPACITY. FORM 990, PART VI, SECTION B, LINE 11 THE IRS FORM 990 IS ELECTRONICALLY SENT TO ALL AUDIT COMMITTEE MEMBERS FOR REVIEW. IT IS ALSO MADE ELECTRONICALLY AVAILABLE TO ALL BOARD MEMBERS. APPROXIMATELY TWO WEEKS LATER, THE RETURN IS ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST FORMS COMPLETED BY THE BOARD OF TRUSTEE MEMBERS, THE ADMINISTRATION AND OTHERS INVOLVED IN PROVIDING GOODS AND SERVICES FOR THE UNIVERSITY ARE REVIEWED BY PURCHASING AND BUSINESS OFFICE PERSONNEL AS WELL AS SENIOR MANAGEMENT. ALL PROCUREMENTS OVER $5,000 ARE REVIEWED BY THE SENIOR VICE PRESIDENT/ CHIEF FINANCIAL OFFICER; ALL PROCUREMENTS OVER $10,000 ARE ALSO REVIEWED BY THE PROVOST FOR HER REPORTING AREA; AND ALL PROCUREMENTS OVER $20,000 ARE ALSO REVIEWED BY THE PRESIDENT, SEVERAL LEVELS OF REVIEW ARE ESTABLISHED TO DETECT CONFLICT OF INTEREST SITUATIONS BEFORE CONTRACTUAL RELATIONSHIPS ARE ENTERED INTO. IN ADDITION, BOARD OF TRUSTEE CONFLICT OF INTEREST FORMS ARE REVIEWED BY THE AUDIT COMMITTEE CHAIR. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY, THE BOARD SEEKS TO PROVIDE COMPENSATION TO THE PRESIDENT WHICH IS FAIR AND REASONABLE AND BASED UPON PERFORMANCE COMMITTMENT AND AVAILABLE RESOURCES. THE AMOUNT OF COMPENSATION SHOULD GENERALLY BE WITHIN THE RANGE OF PEER AND AREA SCHOOLS. IN DETERMINING COMPENSATION, A COMPENSATION COMMITTEE COMPRISED OF THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES AND THE BOARD TREASURER REVIEW IN DETAIL COMPENSATION INFORMATION CONTAINED IN PEER AND AREA SCHOOLS ON THEIR RESPECTIVE IRS FORM 990 AS WELL AS CHRONICLE OF HIGHER EDUCATION EXECUTIVE COMPENSATION SURVEY RESULTS. IN ADDITION, THE UNIVERSITY CONTRACTED WITH AN OUTSIDE FIRM TO STUDY AND AID IN THE DETERMINATION OF EXECUTIVE PAY. THE COMPENSATION COMMITTEE THEN PREPARES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES WHO MAKE THE FINAL DETERMINATION REGARDING COMPENSATION OF THE PRESIDENT. PRESIDENTIAL COMPENSATION IS PAID DIRECTLY TO THE CHRISTIAN BROTHERS OF THE MIDWEST, INC. THE COMPENSATION COMMITTEE ALSO IS AVAILABLE TO ADDRESS OTHER COMPENSATION MATTERS AS REQUESTED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 IRS FORM 990, ARTICLES OF INCORPORATION, UNIVERSITY BY-LAWS, HUMAN RESOURCES (POLICY) MANUAL, AND UNIVERSITY AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY REQUEST TO THE SENIOR VICE PRESIDENT/ CHIEF FINANCIAL OFFICER OF LEWIS UNIVERSITY, ONE UNIVERSITY PARKWAY, ROMEOVILLE, ILLINOIS 60446. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAP AGREEMENTS -208,577. LEWIS UNIVERSITY ENDOWMENT FUND INC ONE UNIVERSITY PARKWAY ROMEOVILLE IL 60441 510183519 ORGANIZATION IS DORMANT IL 509(A)(3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0