2016-10-17T09:04:27-05:00 2016-05-31 363321958 Desmond & Ahern Ltd 10827 S Western Avenue Chicago IL 60643 990 2015-06-01 362252360 Associated Colleges of Illinois Inc ASSO 3122632391 70 E Lake Street No 1418 Chicago IL 60601 Mitchell Weltman Executive Director 3122632391 2016-10-12 1 Dave Rambo P00513360 7737794720 2016-10-12 2015 2017-02-10 21:41:12Z Mitchell Weltman 70 E Lake Street No 1418 Chicago IL 60601 2075484 0 X acifund.org X 1952 IL Group of 23 IL universities & colleges working to solve society's most pressing educational issues 39 39 5 39 0 0 674938 545720 596039 618058 22853 25657 2081 7900 1295911 1197335 642509 674648 0 0 262570 333124 0 0 261012 522626 448750 1427705 1456522 -131794 -259187 2124514 1815140 457477 464002 1667037 1351138 X Associated Colleges of Illinois, Inc. is consortium of twenty-three independent colleges and universities in the State of Illinois. Its purpose is to work with business, government and community leaders to enhance the strength of member institutions (continued on Schedule O) through collective action, help solve some of society's most pressing educational problems, and increase public understanding of the value and role of the Association's colleges and universities. 0 0 821247 576748 618058 Grants and services to member colleges and universities 139478 47500 Peer Mentoring/CRCI 62153 50400 College to Career Program 1022878 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 39 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Mitchell Weltman 3122632391 70 E Lake Street Suite 1418 Chicago IL 60601 Jim Wylie Chair 1.00 X X 0 0 0 Barbara A Farley President 1.00 X X 0 0 0 Clifton L Fenton Secretary/Treasurer 1.00 X X 0 0 0 Teresa L Amott Trustee 1.00 X 0 0 0 David Arnold Trustee 1.00 X 0 0 0 Steven C Bahls Trustee 1.00 X 0 0 0 John C Bowling Trustee 1.00 X 0 0 0 Larry A Braskramp Trustee 1.00 X 0 0 0 Donna Carroll Trustee 1.00 X 0 0 0 John Comerford Trustee 1.00 X 0 0 0 James M Dennis Trustee 1.00 X 0 0 0 Kurt D Dykstra Trustee 1.00 X 0 0 0 Ivan Filby Trustee 1.00 X 0 0 0 James Gaffney Trustee 1.00 X 0 0 0 Daniel L Gard Trustee 1.00 X 0 0 0 Robert A Gervasi Trustee 1.00 X 0 0 0 Troy D Hammond Trustee 1.00 X 0 0 0 Robert L Head Trustee 1.00 X 0 0 0 Arvid C Johnson Trustee 1.00 X 0 0 0 Jonathan W Palmer Trustee 1.00 X 0 0 0 David L Parklyn Trustee 1.00 X 0 0 0 Stephen D Schutt Trustee 1.00 X 0 0 0 Rebecca L Sherrick Trustee 1.00 X 0 0 0 Patrick White Trustee 1.00 X 0 0 0 Clarence Wyatt Trustee 1.00 X 0 0 0 Louis Apostol Trustee 1.00 X 0 0 0 Nicholas S Amatangelo Trustee 1.00 X 0 0 0 Nancy Burke Trustee 1.00 X 0 0 0 Wale Cole Trustee 1.00 X 0 0 0 Barbara Fahnstrom Trustee 1.00 X 0 0 0 James Johnson Trustee 1.00 X 0 0 0 Peter Kopsaftis Trustee 1.00 X 0 0 0 Vernon Kowal Trustee 1.00 X 0 0 0 Joe Lambke Trustee 1.00 X 0 0 0 Laura Ortega-Lamela Trustee 1.00 X 0 0 0 Elizabeth Niederkorn Trustee 1.00 X 0 0 0 Terri Diggs Norman Trustee 1.00 X 0 0 0 J Scot Pepper Trustee 1.00 X 0 0 0 Deborah Sawyer Trustee 1.00 X 0 0 0 Mitchell Weltman Executive Director 40.00 X 84275 0 0 84275 0 0 0 0 0 0 0 5000 540720 545720 Member college assessm 611710 561100 561100 Corporate partnership 611710 47558 47558 Program fees 611710 9400 9400 618058 22539 22539 872938 869820 3118 3118 3118 16229 5000 8329 7900 7900 1197335 618058 0 33557 X 624248 624248 50400 50400 141736 47246 47245 47245 158747 75167 11520 72060 3650 1550 591 1509 28991 11810 5670 11511 9285 9285 242036 77690 70985 93361 13860 5268 3078 5514 4019 2031 663 1325 23616 9621 4618 9377 6243 3804 295 2144 12860 8083 970 3807 18990 17000 1990 11212 3081 5128 3003 Project supplies 52379 52379 Membership dues & subsc 23667 17716 1818 4133 Repairs & maintenance 13950 5936 2518 5496 Miscellaneous 7175 2848 3800 527 9458 7000 2458 1456522 1022878 172632 261012 413894 178471 500140 507067 33958 3395 13262 14040 74138 65505 23839 8633 1139421 1103534 2124514 1815140 1901 7877 455576 451125 5000 457477 464002 X 881993 765583 585044 385555 200000 200000 1667037 1351138 2124514 1815140 -259187 -56712 0 X 0 1 X 1 0 X 1048107 1057470 1165199 674938 545720 4491434 595461 634035 639451 596039 618058 3083044 6250 8909 16229 31388 1649818 1691505 1804650 1279886 1180007 7605866 0 170497 170316 141668 261755 284525 1028761 170497 170316 141668 261755 284525 1028761 6577105 29292 10923 21627 22539 84381 29292 10923 21627 22539 84381 1649818 1720797 1815573 1301513 1202546 7690247 0.85530 0.91010 0.01100 0.00720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 345682 -10380 5000 330302 372384 22148 48850 345682 404066 29818 61500 372384 218365 47359 2000 263724 230971 -3806 8800 218365 0.60550 0.39450 0 0 74138 65505 8633 8633 X 1140623 -56712 -56712 1197335 0 1197335 1456522 0 1456522 0 1456522 Part V, Line 4: Permanently restricted net assets are exclusively comprised of donor-restricted endowment funds representing investments in perpetuity. This Fund's investment income is expendable to support minority leadership through scholarships under the Illinois Partnership for Minority Achievement Program. Contributions received from the donor, over and above the permanently restricted amount are also recorded as temporarily restricted until expended towards scholarship payments. Part X, Line 2: FIN 48 Note from Audited Financial Statements The Association was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Association qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private Foundation under Section 509(a)(1). The tax exempt purpose of the Association and the nature in which it operates is described in the first paragraph of Note 1. The Association continues to operate in compliance with its tax exempt purpose. The Association's annual information returns filed with the federal and state governments are subject to examination generally for three years after they have been filed. Gala 21229 5000 16229 7529 800 21229 5000 16229 7529 800 8329 7900 1 Augustana College 539 Thirty Eighth Street Rock Island IL 61201 362166962 501(c)(3) 28860 Educational Activities Aurora University 847 South Gladstone Aurora IL 60507 362166964 501(c)(3) 26500 Educational Activities Blackburn College 700 College Avenue 1 Carlinville IL 62626 370661491 501(c)(3) 21275 Educational Activities Concordia University 7400 Augusta River Forest IL 60305 362191242 501(c)(3) 26500 Educational Activities Dominican University 7900 Division Street River Forest IL 60305 362167855 501(c)(3) 35500 Educational Activities Elmhurst College 190 Prospect Street Elmhurst IL 60126 362169145 501(c)(3) 26500 Educational Activities Eureka College 300 College Avenue Eureka IL 61530 370667484 501(c)(3) 23850 Educational Activities Greenville College 315 East College Avenue Greenville IL 62246 370681530 501(c)(3) 26500 Educational Activities Illinois College 1101 W College Avenue Jacksonville IL 62650 370661211 501(c)(3) 25225 Educational Activities Knox College 2 East Sootuh Street Galesburg IL 61401 370673513 501(c)(3) 26500 Educational Activities Lake Forest College 555 North Sheridan Road Lake Forest IL 76267 362167770 501(c)(3) 26500 Educational Activities Lewis University Route 53 Romeoville IL 60446 362167773 501(c)(3) 26500 Educational Activities McKendree College 701 College Road Lebanon IL 62254 370661219 501(c)(3) 26500 Educational Activities Millikin University 1184 W Main Street Decatur IL 62522 370706154 501(c)(3) 51500 Educational Activities Monmouth College 700 East Broadway Monmouth IL 61462 370661228 501(c)(3) 26500 Educational Activities North Central College 30 N Brainard Street Naperville IL 60540 362169157 501(c)(3) 26500 Educational Activities North Park University 3225 West Foster Avenue Chicago IL 60625 361557840 501(c)(3) 37370 Educational Activities Olivet Nazarene University PO Box 592 Kankakee IL 60901 362191252 501(c)(3) 24274 Educational Activities Principia College 1 Maybecck Place Elsah IL 62028 430652667 501(c)(3) 19755 Educational Activities Quincy University 1800 College Drive Quincy IL 62301 370661231 501(c)(3) 22275 Educational Activities Rockford College 5050 East State Street Rockford IL 61108 362167842 501(c)(3) 21275 Educational Activities Trinity Christian College 5601 West College Drive Palso Park IL 60463 362387148 501(c)(3) 26275 Educational Activities University of St Francis 500 Wilcox Street Joliet IL 60435 362170999 501(c)(3) 21814 Educational Activities 23 0 Internships 14 50400 Part I, Line 2: Associated Colleges of Illinois, Inc. follows strict grantmaking eligibility and distribution guidelines as described in the Organization's bylaws. All grants are documented in the Organization's accounting system. Form 990, Part VI, Section B, line 11 The Form 990 was reviewed by the Chief Executive Officer, Chief Financial Officer, and Board Treasurer. The Form 990 was sent to the Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The Organization requires that each Board Member sign a Conflict of Interest Policy in acknowledgement of receipt and understanding of the policy. The policy is delivered to each Board Member electronically on an annual basis. In addition, at each meeting where voting occurs, the Chair reminds the Members that anyone with a personal interest in proposed resolution refrain from voting. Form 990, Part VI, Section B, line 15 Data for determining compensation is compiled by an independent compensation consultant. Data from the Association Compensation and Benefits Survey of the Association Forum of Chicagoland and the Association Compensation Survey compiled by the ASAE and the Center for Association Leadership are used. The data also includes comparable information used by the Executive Director to determine compensation for other key positions. Form 990, Part VI, Section C, line 19 Financial statements, governing documents, and the Conflict of Interest Policy are available to the public upon request. Form 990, Part IX, line 11g Consultants: Program service expenses 77,690. Management and general expenses 69,571. Fundraising expenses 93,361. Total expenses 240,622. Payroll processing: Program service expenses 0. Management and general expenses 1,414. Fundraising expenses 0. Total expenses 1,414.