2024-03-07T14:06:44-06:00 2023-05-31 363321958 Desmond & Ahern Ltd 10827 S Western Avenue Chicago IL 60643 990 2022-06-01 362252360 Associated Colleges of Illinois Inc ASSO 3122632391 70 E Lake Street 1418 Chicago IL 60601 April Arnold Executive Director 3122632391 2024-01-23 1 April Arnold 999009999 0 David J Rambo CPA P00513360 7737794720 2024-01-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z April Arnold 70 E Lake Street 1418 Chicago IL 60601 1281624 0 X acifund.org X 1952 IL Associated Colleges of Illinois supports member colleges and universities. 55 55 0 55 0 0 620792 671947 650715 572499 21752 18208 16551 1706 1309810 1264360 541840 530930 0 0 534680 455390 0 0 182004 309620 269251 1386140 1255571 -76330 8789 1061635 985907 301726 230694 759909 755213 X Associated Colleges of Illinois has supported numerous independent colleges and universities with a liberal arts tradition in Illinois for more than 70 years benefitting thousands of underrepresented students through scholarships, emergency financial aid, mentoring, and other forms of college to career support. 0 0 660108 328020 574205 Grants and services to member colleges and universities 251863 202910 Peer Mentoring 911971 1 1 0 0 0 0 0 0 0 1 1 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 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 55 55 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Tom Rubey 3124806618 70 E Lake Street Suite 1418 Chicago IL 60601 Georgia Nugent President 1.00 X X 0 0 0 Lyn Bullman Chair 1.00 X X 0 0 0 Angela T Allen Secretary/Treasurer 1.00 X X 0 0 0 Aaron J Kuecker Trustee 1.00 X 0 0 0 Adam Lieb Trustee 1.00 X 0 0 0 Andrea Talentino Trustee 1.00 X 0 0 0 Arvid Johnson Trustee 1.00 X 0 0 0 Barbara Farley Trustee 1.00 X 0 0 0 Becky Sherrick Trustee 1.00 X 0 0 0 Bob DiMeo Trustee 1.00 X 0 0 0 Bob Dow Trustee 1.00 X 0 0 0 Brad Mease Trustee 1.00 X 0 0 0 Brad Summers Trustee 1.00 X 0 0 0 Brian McGee Trustee 1.00 X 0 0 0 Brian Powers Trustee 1.00 X 0 0 0 C Andrew McGadney Trustee 1.00 X 0 0 0 Charles Gregory Trustee 1.00 X 0 0 0 Chole Overstreet Trustee 1.00 X 0 0 0 Chris Miceika Trustee 1.00 X 0 0 0 Clarence Wyatt Trustee 1.00 X 0 0 0 Daniel Dobbins Trustee 1.00 X 0 0 0 Dave Livingston Trustee 1.00 X 0 0 0 Don Campbell Trustee 1.00 X 0 0 0 Ellen Babbitt Trustee 1.00 X 0 0 0 Emily Bothfeld Trustee 1.00 X 0 0 0 Eric Fulcomer Trustee 1.00 X 0 0 0 Gene C Crume Trustee 1.00 X 0 0 0 Georgia Nugent Trustee 1.00 X 0 0 0 Glena Temple Trustee 1.00 X 0 0 0 Gregg Chenoweth Trustee 1.00 X 0 0 0 Jamel SC Wright Trustee 1.00 X 0 0 0 Jerry Murphy Trustee 1.00 X 0 0 0 Jim Applegate Trustee 1.00 X 0 0 0 Jim Reynolds Trustee 1.00 X 0 0 0 John Williams Trustee 1.00 X 0 0 0 Justin Lee Allen Trustee 1.00 X 0 0 0 Kassie Olea Trustee 1.00 X 0 0 0 Kelly Kirkman Trustee 1.00 X 0 0 0 Kim Marshall Trustee 1.00 X 0 0 0 Laurie M Joyner Trustee 1.00 X 0 0 0 Leah Wallace Trustee 1.00 X 0 0 0 Leslie Sawyer Trustee 1.00 X 0 0 0 Liz Cook Trustee 1.00 X 0 0 0 Margaret Mueller Trustee 1.00 X 0 0 0 Mark Biermann Trustee 1.00 X 0 0 0 Mary Surridge Trustee 1.00 X 0 0 0 Nic Simpson Trustee 1.00 X 0 0 0 Nicole Johnson Trustee 1.00 X 0 0 0 Patricia Mota Trustee 1.00 X 0 0 0 Pawel Szeliski Trustee 1.00 X 0 0 0 Phil G Ryken Trustee 1.00 X 0 0 0 Ray Krouse Trustee 1.00 X 0 0 0 Rob Johnson Trustee 1.00 X 0 0 0 Ruben Abarca Trustee 1.00 X 0 0 0 Russell Dawn Trustee 1.00 X 0 0 0 Tony LoBello Trustee 1.00 X 0 0 0 Toya Garcia-Bradow Trustee 1.00 X 0 0 0 Troy Hammond Trustee 1.00 X 0 0 0 Troy VanAken Trustee 1.00 X 0 0 0 April Arnold Executive Director 50.00 X 60000 0 0 Mitchell G Weltman Former Executive Director 40.00 X 70462 0 0 130462 0 0 0 0 0 0 0 51936 620011 671947 Member assessments 611710 527490 527490 Corporate partnerships 611710 45009 45009 572499 18208 18208 17264 51936 17264 0 Other 900099 1706 1706 1706 1264360 574205 0 18208 X 530930 530930 110000 60698 13465 35837 299716 158405 35427 105884 15320 10795 2298 2227 30354 21388 4554 4412 9000 4460 4217 323 3558 3558 138174 68478 64745 4951 19951 11205 4545 4201 30791 13663 5263 11865 7929 5291 334 2304 9040 3782 5133 125 2303 2303 15048 5060 5594 4394 Membership dues & subsc 21228 13829 5174 2225 Repairs & maintenance 9589 3811 2523 3255 Miscellaneous 2640 176 2463 1 1255571 911971 161596 182004 245408 171692 4320 8279 59900 17500 12883 13181 16104 13088 4047 3016 735077 732319 39920 1061635 985907 17436 39684 284290 151090 0 39920 301726 230694 X 160699 241593 599210 513620 759909 755213 1061635 985907 8789 -13485 0 X X 0 1 X 1 0 X 574965 680425 583868 633142 671947 3144347 675805 690647 629042 640189 620011 3255694 46524 19342 200 39875 105941 1297294 1390414 1213110 1313206 1291958 6505982 0 279525 267966 255316 231254 1034061 279525 267966 255316 231254 1034061 5471921 28973 25482 6787 7939 18208 87389 28973 25482 6787 7939 18208 87389 1326267 1415896 1219897 1321145 1310166 6593371 0.82990 0.78420 0.01330 0.01480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 496532 8107 2379 502260 518183 -11281 10370 496532 417558 110603 9978 518183 375890 51301 9633 417558 374796 10662 9568 375890 0 0 16104 13088 3016 3016 Lease liability current portion 32380 Lease LIability Noncurrent portion 7540 39920 X 1247317 -13485 -13485 1260802 3558 3558 1264360 1252013 0 1252013 3558 3558 1255571 Part V, Line 4: Net assets perpetual in nature are exclusively comprised of donor-restricted endowment funds representing investments in perpetuity. The perpetual in nature amount has been stipulated by the donor and is subject to change from time to time. This Fund's investment income is expendable to support minority leadership through scholarships as originally outlined by the donor's intent. 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. ACI Benefit Luncheon 69200 51936 17264 17264 69200 51936 17264 17264 17264 0 1 Augustana College 539 Thirty Eighth Street Rock Island IL 61201 362166962 501(c)(3) 22500 0 Educational Activities Aurora University 347 S Gladstone Avenue Aurora IL 60506 362166964 501(c)(3) 22500 0 Educational Activities Blackburn College 700 College Avenue 1 Carlinville IL 62626 370661491 501(c)(3) 18720 0 Educational Activities Dominican University 7900 Division Street River Forest IL 60305 362167855 501(c)(3) 25220 0 Educational Activities Elmhurst College 190 Prospect Street Elmhurst IL 60126 362169145 501(c)(3) 22500 0 Educational Activities Eureka College 300 College Avenue Eureka IL 61530 370667484 501(c)(3) 20070 0 Educational Activities Illinois College 1101 W College Avenue Jacksonville IL 62650 370661211 501(c)(3) 21420 0 Educational Activities Illinois Wesleyan Univeristy PO Box 2900 Bloomington IL 61702 370662594 501(c)(3) 22500 0 Educational Activities Judson University 1151 N State Street Elgin IL 60123 362515868 501(c)(3) 22500 0 Educational Activities Knox College 2 East Sootuh Street Galesburg IL 61401 370673513 501(c)(3) 22500 0 Educational Activities Lewis University One University Parkway Romeoville IL 60446 362167773 501(c)(3) 22500 0 Educational Activities McKendree College 701 College Road Lebanon IL 62254 370661219 501(c)(3) 22500 0 Educational Activities Millikin University 1184 W Main Street Decatur IL 62522 370706154 501(c)(3) 22500 0 Educational Activities Monmouth College 700 East Broadway Monmouth IL 61462 370661228 501(c)(3) 22500 0 Educational Activities North Central College 30 N Brainard Street Naperville IL 60540 362169157 501(c)(3) 22500 0 Educational Activities North Park University 3225 West Foster Avenue Chicago IL 60625 361557840 501(c)(3) 22500 0 Educational Activities Olivet Nazarene University One University Avenue Kankakee IL 60901 362191252 501(c)(3) 22500 0 Educational Activities Principia College 1 Maybecck Place Elsah IL 62028 430652667 501(c)(3) 18000 0 Educational Activities Quincy University 1800 College Drive Quincy IL 62301 370661231 501(c)(3) 22500 0 Educational Activities Rockford University 5050 East State Street Rockford IL 61108 362167842 501(c)(3) 22500 0 Educational Activities St Xavier University 3700 W 103rd Street Chicago IL 60655 362177133 501(c)(3) 22500 0 Educational Activities Trinity Christian College 5601 West College Drive Palso Park IL 60463 362387148 501(c)(3) 22500 0 Educational Activities University of St Francis 500 Wilcox Street Joliet IL 60435 362170999 501(c)(3) 22500 0 Educational Activities Wheaton College 501 College Avenue Wheaton IL 60187 362182171 501(c)(3) 22500 0 Educational Activities 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 11b The Form 990 was reviewed by the Executive Director, accounting consultants, and Board Treasurer. The Form 990 was sent to the Finance Committee and 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 The salary of the Executive Director and other key positions are determined using regional compensation data of comparable positions. The actual amounts are included in the annual budget proposed to the Board. After discussion, the Board formally votes on approval of the proposed budget including all salaries and benefits amounts. 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 66,946. Management and general expenses 63,296. Fundraising expenses 4,840. Total expenses 135,082. Payroll processing: Program service expenses 1,185. Management and general expenses 1,121. Fundraising expenses 86. Total expenses 2,392. Program & development fees: Program service expenses 347. Management and general expenses 328. Fundraising expenses 25. Total expenses 700. Form 990, Part XII, line 2c: The process has not changed from the prior year.