2012-03-15T11:22:40-05:00 2011-05-31 MCGLADREY & PULLEN LLP 15 S OLD STATE CAPITOL PLAZA STE 20 SPRINGFIELD IL 627011510 990 2010-06-01 370661211 ILLINOIS COLLEGE ILLI 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 FRANK WILLIAMS 2172453003 2012-03-12 1 GEORGE WEBER 2177897700 2010 2016-02-24 21:20:13Z DR AXEL STEUER 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 57632681 0 X WWW.IC.EDU X 1835 IL ILLINOIS COLLEGE IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING PROVIDING A FOUR-YEAR EDUCATIONAL PROGRAM LEADING TO THE BACCALAUREATE DEGREE. ILLINOIS COLLEGE IS A COMMUNITY COMMITTED TO THE HIGHEST STANDARDS OF SCHOLARSHIP AND INTEGRITY IN THE LIBERAL ARTS. 27 27 954 449 -45107 -45107 2651384 3041729 22637782 24037329 6925941 4872137 539093 588928 32754200 32540123 7934645 9502556 0 0 13428901 13934593 0 0 1254354 12358861 12753812 33722407 36190961 -968207 -3650838 187432114 207112295 27977922 32220453 159454192 174891842 TRUE TO ITS FOUNDING VISION IN 1829, ILLINOIS COLLEGE IS A COMMUNITY COMMITTED TO THE HIGHEST STANDARDS OF SCHOLARSHIP AND INTEGRITY IN THE LIBERAL ARTS. THE COLLEGE DEVELOPS IN ITS STUDENTS QUALITIES OF MIND AND CHARACTER NEEDED FOR FULFILLING LIVES OF LEADERSHIP AND SERVICE. 0 0 31699303 24671364 PROVISION OF POST-SECONDARY EDUCATION TO APPROXIMATELY 900 STUDENTS 31699303 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 110 0 1 954 1 1 1 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X FRANK WILLIAMS 2172453003 1101 WEST COLLEGE AVENUE JACKSONVILLE IL 626502299 JOY FRENCH BECKER 1.00 X 0 0 0 JAMES BRUNER 1.00 X 0 0 0 ROBERT CHIPMAN 1.00 X 0 0 0 HARMON B DEAL III 1.00 X 0 0 0 DEL DUNHAM 1.00 X 0 0 0 JAMES GREEN MD 1.00 X 0 0 0 JOHN KAY DMIN 1.00 X 0 0 0 PATRICK MATHIS 1.00 X 0 0 0 STEVEN MILLS 1.00 X 0 0 0 JOHN PORTER 1.00 X 0 0 0 JOHN POWER 1.00 X 0 0 0 SUSAN PRATT PHD 1.00 X 0 0 0 HENRY SCHMITT 1.00 X 0 0 0 JEAN COULTAS STATLER 1.00 X 0 0 0 ROBERT B THOMSON III 1.00 X 0 0 0 KATHERINE TILLERY 1.00 X 0 0 0 JAMES VOYLES 1.00 X 0 0 0 E EUGENE WELLS DDS 1.00 X 0 0 0 GARY HAYNES MD PHD 1.00 X 0 0 0 DUANE HESS 1.00 X 0 0 0 NANCY FARMER 1.00 X 0 0 0 ROBERT BONJEAN JR 1.00 X 0 0 0 LINDA NEWMAN PRICE 1.00 X 0 0 0 HCHANDLER TAYLOR 1.00 X 0 0 0 STEVEN TAVENDER 1.00 X 0 0 0 JOEL C HARMON 1.00 X 0 0 0 SUSAN ALLEN 1.00 X 0 0 0 AXEL STEUER 50.00 X 187515 0 23635 ELIZABETH TOBIN 50.00 X 159275 0 20711 JASON EMBRY 50.00 X 135793 0 13294 FRANK WILLIAMS 50.00 X 126237 0 18593 BARB LUNDBERG 50.00 X 86813 0 10284 MALINDA CARLSON 50.00 X 101925 0 11597 STEPHANIE CHIPMAN 50.00 X 8840 0 1314 806398 0 99428 5 0 1 0 CHARTWELLS DINING SERVICE 91337 COLLECTIONS DRIVE CHICAGO IL 60693 FOOD SERVICE 1716825 RIVER CITY CONSTRUCTION LLC 101 HOFFER LANE EAST PEORIA IL 61611 CONSTRUCTION 1146941 HYMES CONSTRUCTION 108 EDLEN LANE JACKSONVILLE IL 62650 CONSTRUCTION 528508 PRODUCTION PRESS INC 307 EAST MORGAN JACKSONVILLE IL 62651 PRINTING/PAPER SUPPLY 241820 US BANK TRUST SERVICES 1555 N RIVER CENTER SUITE 300 MILWAUKEE WI 53212 INVESTMENT FEES 201325 10 956760 2084969 130885 3041729 TUITION & FEES 900099 18747913 18747913 AUXILIARY REVENUE 900099 5289416 5289416 24037329 5386164 5386164 157744 202851 -45107 -45107 -45107 24375680 24889707 -514027 -514027 -514027 OTHER INVESTMENT INCOM 900099 409500 409500 COMMISSIONS/CONTRACT C 900099 155480 155480 MISC STUDENT FINES/FEE 900099 17350 17350 51705 51705 634035 32540123 24671364 -45107 4872137 9502556 9502556 881810 302040 410648 169122 10274643 8976782 942630 355231 653000 543100 79209 30691 1366488 1136508 165755 64225 758652 630971 92024 35657 17053 14183 2069 801 84153 69990 10208 3955 204429 170024 24797 9608 1279923 1064512 155255 60156 86835 72221 10533 4081 984625 818913 119435 46277 242006 201277 29355 11374 2348657 1953378 284892 110387 1094722 910480 132790 51452 318819 265162 38673 14984 3189598 2652789 386898 149911 505724 420611 61344 23769 AUXILIARY ENTERPRISES 1409588 1172354 170983 66251 SMALL EQUIPMENT 311796 259321 37821 14654 ACCRETION 271707 225979 32958 12770 DUES & MEMBERSHIPS 167763 139528 20350 7885 CONTRACTUAL SVCS 0 236414 196624 28677 11113 36190961 31699303 3237304 1254354 2417343 5916714 2792779 2128707 77338 169085 1751718 1705103 312494 402763 112923691 44344929 67834704 68578762 95300899 108953377 3966225 4494973 12978614 14762811 187432114 207112295 9632028 9081102 1076136 970889 15000000 18420000 500000 2000000 1769758 1748462 27977922 32220453 X 77913748 82157192 37824969 46880895 43715475 45853755 159454192 174891842 187432114 207112295 X -3650838 19088488 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108629232 1899688 23263640 8893355 124899205 94865292 672997 19701921 6610978 231034 108629232 121011788 703512 -19268008 7582000 94865292 0.28900 0.36100 0.35000 0 0 86723255 26933775 59789480 7522863 3449014 4073849 17207608 13962140 3245468 1469965 1469965 68578762 ACCRUED INTEREST RECEIVABLE 736225 DEFERRED UNDERWRITING CHARGES, NET 240478 REAL ESTATE 13740198 OTHER ASSETS 45910 14762811 ADVANCES FROM US GOVT 1748462 1748462 32540123 36190961 -3650838 18491384 597104 19088488 15437650 52345489 18491384 1313982 19805366 32540123 0 32540123 36907839 716878 716878 36190961 0 36190961 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE COLLEGE HAS THE FOLLOWING DONOR RESTRICTED ENDOWMENT FUNDS: GENERAL INSTITUTIONAL SUPPORT, SCHOLARSHIP SUPPORT, EDUCATIONAL PROGRAM SUPPORT, ACADEMIC AWARD SUPPORT, BUILDING AND MAINTENANCE SUPPORT AND LOAN FUND SUPPORT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING COMBINED BALANCE SHEETS ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF MAY 31, 2011 AND 2010, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 597,104. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF INVESTMENTS 514,027. RENTAL EXPENSES 202,851. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 597,104. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF INVESTMENTS 514,027. RENTAL EXPENSES 202,851. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS INCLUDED IN ALL STUDENT RECRUITMENT CAMPAIGNS. THIS POLICY IS ALSO INCLUDED IN THE EMPLOYEE & STUDENT HANDBOOKS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 ILLINOIS COLLEGE RECEIVES FEDERAL AND STATE AID THAT IS PASSED THROUGH TO STUDENTS. THE COLLEGE PARTICIPATES IN THE TITLE IV FEDERAL STUDENT AID PROGRAM. THESE PROGRAMS INCLUDE PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITIES GRANT, ACADEMIC COMPETITIVENESS GRANT, NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT. 1 STUDENT SCHOLARSHIPS 889 9502556 BOOK X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 AXEL STEUER 185351 0 0 0 2164 0 13398 0 10237 0 211150 0 0 0 ELIZABETH TOBIN 144059 0 0 0 15216 0 10500 0 10211 0 179986 0 0 0 ILLINOIS FINANCING AUTHORITY 861091967 452000KS6 2005-01-13 15000000 CONSTRUCTION OF NEW RESIDENCE HALL 0 0 0 ILLINOIS FINANCING AUTHORITY 861091967 2010-12-23 3900000 ENERGY PROJECT 0 0 0 15000000 228875 14771125 2006 0 0 1 1 3900000 71343 1339675 2488982 2011 0 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 0 0 0 0 0 1 JOY FRENCH BECKER TRUSTEE PRESIDENT OF A BANK THAT THE COLLEGE USES. NO PAYMENTS TO EITHER PARTY. 0 X 6826 COST X 50 COST X 9 86073 FMV X 1 12000 FMV X EQUIPMENT 3 2051 FMV X MEALS & ENTERTAINMENT 3 2685 COST X OFFICE FURNITURE 1 21200 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES HAS DIRECTED THE AUDIT COMMITTEE TO REVIEW THE ANNUAL FORM 990. THE AUDIT COMMITTEE HAS THE ACCOUNTING EXPERTISE TO UNDERSTAND AND EVALUATE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF TRUSTEES COMPLETES A DISCLOSURE FORM. THIS IS DUE ON THE FIRST DAY OF THE FISCAL YEAR, JUNE 1. THE PRESIDENT'S OFFICE COLLECTS THE FORMS. THESE FORMS ARE PROVIDED TO THE BOARD CHAIRPERSON AND REVIEWED FOR ANY CONFLICTS OF INTEREST. THE COLLEGE HAS A HANDBOOK THAT INCLUDES THE CONFLICT OF INTEREST POLICY. THIS IS PROVIDED TO ALL FACULTY AND STAFF. MANAGEMENT MONITORS AND ENFORCES THIS POLICY BY OBSERVATION. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE USES SEVERAL FACTORS TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE OFFICERS OF THE COLLEGE CONSIST OF THE PRESIDENT AND VICE PRESIDENT CABINET MEMBERS. THE TRUSTEES OF THE COLLEGE DETERMINE THE PRESIDENT'S SALARY. THE PRESIDENT OF THE COLLEGE DETERMINES THE SALARY OF ALL VICE PRESIDENT CABINET MEMBERS. THE COLLEGE USES SALARY SURVEYS, COMPARABLE DATA FROM PEER INSTITUTIONS AND YEARS OF EXPERIENCE WHEN DETERMINING COMPENSATION RANGES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE PROVIDES A COPY OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 18,491,384. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 597,104. TOTAL TO FORM 990, PART XI, LINE 5: 19,088,488.