ST AUGUSTINE COLLEGE: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- ST AUGUSTINE COLLEGE (EIN 36-3108821)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-05-16
- IRS object ID
- 201611379349305351
- Schema version
- 2014v6.0
- 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 D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-16T12:45:03-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 S WACKER DRIVE STE 800 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363108821 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | St Augustine College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | STAU | BusinessNameControlTxt |
| Phone | 7738788756 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1333 West Argyle Street | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60640 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Andrew C Sund | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 7738788756 | PhoneNum |
| Signature | 2016-05-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Wayne Harder | PreparerPersonNm |
| PTIN | P00294296 | PTIN |
| Phone | 3126343400 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Andrew C Sund | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1333 West Argyle Street | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60640 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $18,615,543 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.StAugustine.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1980 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | St. Augustine College is an independent, bilingual (dual-language) institution of higher education created under the auspices of the Episcopal Diocese to make the American system of higher education accessible to a diverse student population with emphasis on those of Hispanic descent; to strengthen ethnic identity; to reinforce cultural interaction; and to build a bridge to fill cultural, educational, and socio-economic gaps. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 424 | TotalEmployeeCnt |
| Total Volunteers | 25 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,661,147 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,689,132 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,658,679 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,465,404 | CYProgramServiceRevenueAmt |
| PY Investment Income | $140,378 | PYInvestmentIncomeAmt |
| CY Investment Income | $60,296 | CYInvestmentIncomeAmt |
| PY Other Revenue | $254,693 | PYOtherRevenueAmt |
| CY Other Revenue | $94,674 | CYOtherRevenueAmt |
| PY Total Revenue | $18,714,897 | PYTotalRevenueAmt |
| CY Total Revenue | $18,309,506 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,540,232 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,497,926 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,755,410 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,855,240 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $223,561 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,050,254 | PYOtherExpensesAmt |
| CY Other Expenses | $6,351,353 | CYOtherExpensesAmt |
| PY Total Expenses | $19,345,896 | PYTotalExpensesAmt |
| CY Total Expenses | $18,704,519 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$630,999 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$395,013 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $16,031,827 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,212,878 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,170,815 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,752,565 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,861,012 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,460,313 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | St. Augustine College is an independent, bilingual (dual-language) institution of higher education created under the auspices of the Episcopal Diocese to make the American system of higher education accessible to a diverse student population with emphasis on those of Hispanic descent; to strengthen ethnic identity; to reinforce cultural interaction; and to build a bridge to fill cultural, educational, and socio-economic gaps. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $7,260,280 | ExpenseAmt |
| Grant | $2,497,926 | GrantAmt |
| Revenue | $13,334,746 | RevenueAmt |
| Desc | Instruction - provides a formal educational curriculum in several academic disciplines and includes activities that are part of our instruction departments, including those for credit and noncredit courses, academic and technical instruction. A fully accredited not-for-profit private college that awards Bachelor of Arts, Associate of Arts, and Associate of Applied Science degrees. Undergraduate classes are provided for an enrollment of 2,080 students seeking to obtain a college degree. In 2014, the college awarded 306 degrees. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,638,490 | ExpenseAmt |
| Desc | Head Start Support Services - Provides professional development, training and technical assistance to Chicago / Early Head Start delegate agencies and their respective sites. Major professional development initiatives will be largely based upon the Education Domains in alignment CLASS instrument, the Creative Curriculum, TSI GOLD, School Readiness Goals and other pertinent areas. Also works with the Chicago DFSS - Office of Children's Services; the Chicago Public Schools, INCCRRA/Gateways to Opportunities, ISBE, as well as other entities. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,689,327 | ExpenseAmt |
| Desc | Student Services - provides a variety of supportive services to the student body, including the expenses of admissions, registrar, financial aid, advising/tutoring, and other activities contributing to the students' emotional/physical well-being and social development outside of formal instruction. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (4 entries)
| ExpenseExpenseAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|
| $98,714 | $103,378 | Auxilliary Services |
| $2,134,450 | Workforce Training and Adult Education | |
| $1,480,590 | Academic Support - includes the expenses/activities for academic administration and computing support, the Learning Resource Center, and our various locations that support students' educational needs outside of direct instruction. | |
| $705,685 | Other Program Services |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $4,419,439 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $103,378 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $15,007,536 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 159 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 424 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Saundra Fleming | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7738784699 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1345 West Argyle Street | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60640 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Jenny Aguirre | ||||||
| Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Dr Margaret M Lehner | ||||||
| Vice Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Dr Rafaela E Weffer | ||||||
| Past Vice Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Karleen Mussman | ||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Rev Maria Elizabeth Munoz | ||||||
| Past Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Ramon Ortega | ||||||
| Chair of Finance | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Patrick J Nolan | ||||||
| Past Chair of Finance | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Dr Jay H Price | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Joseph H Wilkinson | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Rev Dr Robert O Wyatt | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Marco A Rodriguez | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Rev Amity Carrubba | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Santos Torres | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Fr Clayton Thomason | ||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Andrew C Sund | ||||||
| President | 40.00 | Yes (X) | $185,665 | $0 | $21,550 | |
| Saundra Fleming | ||||||
| VP for Finance | 40.00 | Yes (X) | $91,178 | $0 | $8,399 | |
| Norman Ruano | ||||||
| VP for Workforce Development | 40.00 | Yes (X) | $138,751 | $0 | $354 | |
| Paul Heck | ||||||
| VP for Technology, Research | 40.00 | Yes (X) | $89,954 | $0 | $8,414 | |
| Bruno Bondavalli | ||||||
| Dean of Academic and Student Affairs | 40.00 | Yes (X) | $91,178 | $0 | $8,392 | |
| Lee Maltby | ||||||
| Dean of Instruction | 40.00 | Yes (X) | $84,679 | $0 | $3,377 | |
| David Cordova | ||||||
| VP for Marketing and Advancement | 40.00 | Yes (X) | $136,775 | $0 | $22,135 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $818,180 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $72,621 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| 3BG Construction & Engineering | |||||
| 4712 N Whipple | Chicago | IL | 60625 | Construction Service | $384,024 |
| RSM US LLP | |||||
| 1 S Wacker Drive Suite 800 | Chicago | IL | 60606 | Audit/Tax Services | $134,650 |
| Patricia Oji | |||||
| 12328 Blue Iris Lane | Plainfield | IL | 60585 | Consulting Services | $103,408 |
| Verdi Electric & Technologies LLC | |||||
| 1458 W 187th Street | Homewood | IL | 60430 | Electric Services | $102,441 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $84,478 | FundraisingAmt |
| Government Grants | $4,405,240 | GovernmentGrantsAmt |
| All Other Contributions | $199,414 | AllOtherContributionsAmt |
| Noncash Contributions | $5,431 | NoncashContributionsAmt |
| Total Contributions | $4,689,132 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and Fees | 611600 | $13,334,746 | $13,334,746 |
| Auxilliary Services | 611600 | $130,658 | $130,658 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,465,404 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,272 | TotalRevenueColumnAmt |
| Exclusion | $21,272 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $220,209 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $181,185 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $39,024 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,024 | TotalRevenueColumnAmt |
| Exclusion | $39,024 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $30,422 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $84,478 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $52,120 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$21,698 | TotalRevenueColumnAmt |
| Exclusion | -$21,698 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $45,452 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $72,732 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$27,280 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$27,280 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $143,652 | TotalRevenueColumnAmt |
| Exclusion | $143,652 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $143,652 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,309,506 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,438,124 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $182,250 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,497,926 | TotalAmt |
| Program Services | $2,497,926 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $765,982 | TotalAmt |
| Management And General | $765,982 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,569,821 | TotalAmt |
| Program Services | $6,801,419 | ProgramServicesAmt |
| Management And General | $691,985 | ManagementAndGeneralAmt |
| Fundraising | $76,417 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,096 | TotalAmt |
| Program Services | $61,291 | ProgramServicesAmt |
| Management And General | $54,462 | ManagementAndGeneralAmt |
| Fundraising | $2,343 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $802,336 | TotalAmt |
| Program Services | $605,707 | ProgramServicesAmt |
| Management And General | $185,692 | ManagementAndGeneralAmt |
| Fundraising | $10,937 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $599,005 | TotalAmt |
| Program Services | $500,005 | ProgramServicesAmt |
| Management And General | $93,182 | ManagementAndGeneralAmt |
| Fundraising | $5,818 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,248 | TotalAmt |
| Program Services | $14,701 | ProgramServicesAmt |
| Management And General | $31,547 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,083 | TotalAmt |
| Management And General | $136,083 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,070,158 | TotalAmt |
| Program Services | $1,899,960 | ProgramServicesAmt |
| Management And General | $132,907 | ManagementAndGeneralAmt |
| Fundraising | $37,291 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $587,860 | TotalAmt |
| Program Services | $110,668 | ProgramServicesAmt |
| Management And General | $466,493 | ManagementAndGeneralAmt |
| Fundraising | $10,699 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,153,528 | TotalAmt |
| Program Services | $769,030 | ProgramServicesAmt |
| Management And General | $360,912 | ManagementAndGeneralAmt |
| Fundraising | $23,586 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,229 | TotalAmt |
| Program Services | $35,474 | ProgramServicesAmt |
| Management And General | $56,755 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,262 | TotalAmt |
| Program Services | $22,262 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,515 | TotalAmt |
| Program Services | $107,466 | ProgramServicesAmt |
| Management And General | $20,999 | ManagementAndGeneralAmt |
| Fundraising | $33,050 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,995 | TotalAmt |
| Program Services | $8,801 | ProgramServicesAmt |
| Management And General | $3,859 | ManagementAndGeneralAmt |
| Fundraising | $6,335 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $209,424 | TotalAmt |
| Program Services | $153,202 | ProgramServicesAmt |
| Management And General | $53,320 | ManagementAndGeneralAmt |
| Fundraising | $2,902 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $908,532 | TotalAmt |
| Program Services | $664,629 | ProgramServicesAmt |
| Management And General | $231,315 | ManagementAndGeneralAmt |
| Fundraising | $12,588 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,018 | TotalAmt |
| Management And General | $147,018 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Bad Debt Expense | $725,334 | $725,334 | ||
| Professional Develop. | $72,167 | $29,661 | $40,911 | $1,595 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,704,519 | TotalAmt |
| Program Services | $15,007,536 | ProgramServicesAmt |
| Management And General | $3,473,422 | ManagementAndGeneralAmt |
| Fundraising | $223,561 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,414 | BOYAmt |
| EOY | $97,179 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $762,759 | BOYAmt |
| EOY | $634,888 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $709,780 | BOYAmt |
| EOY | $441,939 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,248,665 | BOYAmt |
| EOY | $2,588,091 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,004 | BOYAmt |
| EOY | $364,345 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $187,772 | BOYAmt |
| EOY | $222,913 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $22,756,801 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,574,258 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,241,405 | BOYAmt |
| EOY | $10,182,543 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,326,387 | BOYAmt |
| EOY | $1,375,274 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,032 | BOYAmt |
| EOY | $11,497 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $295,609 | BOYAmt |
| EOY | $294,209 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,031,827 | BOYAmt |
| EOY | $16,212,878 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,251,273 | BOYAmt |
| EOY | $1,420,321 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $442,570 | BOYAmt |
| EOY | $1,043,743 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,635,499 | BOYAmt |
| EOY | $6,471,110 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $725,000 | BOYAmt |
| EOY | $711,538 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,473 | BOYAmt |
| EOY | $105,853 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,170,815 | BOYAmt |
| EOY | $9,752,565 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,745,339 | BOYAmt |
| EOY | $6,353,375 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,673 | BOYAmt |
| EOY | $106,938 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,861,012 | BOYAmt |
| EOY | $6,460,313 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,031,827 | BOYAmt |
| EOY | $16,212,878 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$395,013 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$5,686 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $545,187 | OtherCostOrOtherBasisAmt |
| Book Value | $545,187 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,508,868 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,468,040 | DepreciationAmt |
| Book Value | $9,040,828 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,702,746 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,106,218 | DepreciationAmt |
| Book Value | $596,528 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $10,182,543 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Student Credit Balances | $65,853 |
| Deferred Compensation | $40,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $105,853 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,878,626 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$5,686 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $72,732 | OtherRevenueAmt |
| Revenue Not Reported | $67,046 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,811,580 | RevenueSubtotalAmt |
| Other Revenues Not Included | $2,497,926 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,497,926 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $18,309,506 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $16,279,325 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $72,732 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $72,732 | ExpensesNotReportedAmt |
| Expenses Subtotal | $16,206,593 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,497,926 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,497,926 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $18,704,519 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | The College, an Illinois nonprofit corporation, is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC) and applicable state law, except for taxes pertaining to unrelated business income, if any. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the College may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the College and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. There were no unrecognized tax benefits identified or recorded as liabilities during the periods covered by these financial statements. The College files Form 990 in the U.S. federal jurisdiction. The College is generally no longer subject to examination by the Internal Revenue Service for tax years before fiscal 2012. |
| Part XI, Line 2d - Other Adjustments: | Cost of Goods Sold 72,732. |
| Part XI, Line 4b - Other Adjustments: | Scholarships 2,497,926. |
| Part XII, Line 2d - Other Adjustments: | Cost of Goods Sold 72,732. |
| Part XII, Line 4b - Other Adjustments: | Scholarships 2,497,926. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The College's racially nondiscriminatory policy is included in the school catalog which is distributed to prospective students. |
| Schedule E, Part I, Line 6 | The College receives financial support in the form of Federal and State grants. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Scholarship Award Dinner | Event1Nm |
| Gross Receipts Event1 | $88,220 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $64,883 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $23,337 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $10,673 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $11,818 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $16,193 | OtherDirectExpensesEvent1Amt |
| Event2 | Scholarship Golf Outing | Event2Nm |
| Gross Receipts Event2 | $26,680 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $19,595 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $7,085 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $8,960 | RentFacilityCostsEvent2Amt |
| Other Direct Expenses Event2 | $4,476 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $114,900 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $84,478 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $30,422 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $19,633 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $11,818 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $20,669 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $52,120 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$21,698 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships for Students | GrantTypeTxt |
| Recipient | 2129 | RecipientCnt |
| Cash Grant | $2,497,926 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The organization uses congressional methodology from the U.S. Department of Education need analysis. It assigns student eligibility based on effective family contribution from the Pell Processing Center. All records on packaging as well as awarding are processed through the organization's PowerFAIDS system. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Andrew C Sund | ||||||||||||||
| President | $185,665 | $0 | $0 | $0 | $0 | $0 | $15,487 | $0 | $6,063 | $0 | $207,215 | $0 | $0 | $0 |
| David Cordova | ||||||||||||||
| VP for Marketing and Advancement | $136,775 | $0 | $0 | $0 | $0 | $0 | $3,900 | $0 | $18,235 | $0 | $158,910 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 4b | FormAndLineReferenceDesc |
| Explanation | Andrew Sund accrued deferred compensation of $10,000 for a supplemental non-qualified retirement plan. | ExplanationTxt |
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 |
| CUSIP | NoneAvail | CUSIPNum |
| Bond Issued | 2008-06-25 | BondIssuedDt |
| Issue Price | $7,307,000 | IssuePriceAmt |
| Purpose | Repay the remaining balance on prior loans | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $835,890 | RetiredAmt |
| Total Proceeds | $7,307,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $145,292 | IssuanceCostsFromProceedsAmt |
| Other Spent Proceeds | $7,161,708 | OtherSpentProceedsAmt |
| Substantial Completion | 2008 | SubstantialCompletionYr |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | Yes (1) | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Date Rebate Computation Performed | FormAndLineReferenceDesc |
| Explanation | Issuer Name: Illinois Finance Authority Date the Rebate Computation was Performed: 08/27/2013 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | The Finance Chair reviews the Form 990 after it has been filed with the Internal Revenue Service. |
| Form 990, Part VI, Section B, line 12c | The Officers and the Board of Trustees are required by the By-Laws to complete and sign a disclosure form provided annually. If a conflict were to arise the officer/trustee is not allowed to vote on the matter. |
| Form 990, Part VI, Section B, line 15a | The Compensation Committee of the Board of Directors determines and approves the compensation for the organization's President. The Committee uses comparable information from other institutions and investigated other contracts. The process was documented. For the officers of the organization the President determines the salaries. |
| Form 990, Part VI, Section C, line 19 | Governing Documents, Conflict of Interest Policy and Financial Statements are available from the main office at the discretion of the Board of Directors and for the same period of disclosure as set forth in IRC Section 6104(d). |
| Form 990, Part IX, line 11g | Consultants: Program service expenses 1,899,960. Management and general expenses 132,907. Fundraising expenses 37,291. Total expenses 2,070,158. |