2025-03-25T16:52:27+00:00 2024-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2023-07-01 362167804 National Louis University NATI 8479475580 122 S MICHIGAN AVE CHICAGO IL 60603 NIVINE MEGAHED PRESIDENT 8479475580 2025-03-25 true Lauren Denton P01571860 2604604000 2025-03-25 2023 2025-03-06 01:10:19Z X NIVINE MEGAHED 1000 CAPITOL DRIVE WHEELING IL 60090 146423513 false X WWW.NL.EDU X 1912 IL NLU IS AN INCLUSIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES TO INSPIRE & EMPOWER LEARNERS TO PREPARE FOR & ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS. 18 18 1900 18 0 0 17001801 21570341 103076332 118653359 1908160 4672922 4778081 1383950 126764374 146280572 8484217 11227104 0 0 74811926 80866218 0 0 1645164 35158943 37854575 118455086 129947897 8309288 16332675 142929184 164911952 38235027 39978555 104694157 124933397 NATIONAL LOUIS UNIVERSITY IS AN INCLUSIVE, INNOVATIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES THAT INSPIRE AND EMPOWER ALL LEARNERS AS THEY PREPARE FOR AND ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS. false false 103831900 11227104 120037309 INSTRUCTION - THE UNIVERSITY SERVED 11,763 STUDENTS IN ITS VARIOUS PROGRAMS OF INSTRUCTION. 11042954 PUBLIC SERVICE - THE UNIVERSITY PROVIDES A NUMBER OF EDUCATIONAL AND CULTURAL PROGRAMS FOR THE GENERAL COMMUNITY. 2423659 RESEARCH - THE UNIVERSITY RECEIVES A NUMBER OF GRANTS THAT FUNDS RESEARCH PERFORMED TO FIND NEW WAYS TO HELP THE COMMUNITY BY INFORMING FUTURE INSTRUCTION AND EDUCATIONAL PRACTICES. 117298513 true true false true false false false false true true false false false true false true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false true false false false true 123 0 1900 true false false false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true true false IL X MARTY MICKEY 8479475580 1000 CAPITOL DRIVE WHEELING IL 60090 ANDREA SAENZ TRUSTEE 1.0 0.0 X 0 0 0 BRUCE HAMPTON TRUSTEE 1.0 0.0 X 0 0 0 CELENA SARILLO TRUSTEE 1.0 0.0 X 0 0 0 CORNELIUS GRIGGS TRUSTEE 1.0 0.0 X 0 0 0 IAN G ROSS TRUSTEE, VICE CHAIR OF THE BOARD 4.0 0.0 X 0 0 0 J MICHAEL LOCKE TRUSTEE 1.0 0.0 X 0 0 0 JACK D FURST TRUSTEE 1.0 0.0 X 0 0 0 JAMES A FLOYD JR TRUSTEE 1.0 0.0 X 0 0 0 JUAN C AVILA TRUSTEE 1.0 0.0 X 0 0 0 JULIE CHAVEZ TRUSTEE 1.0 0.0 X 0 0 0 JUSTIN T MARQUARDT TRUSTEE 1.0 0.0 X 0 0 0 LOUISE L PERRIN TRUSTEE 1.0 0.0 X 0 0 0 MICHELLE L COLLINS TRUSTEE, CHAIRMAN OF THE BOARD 4.0 0.0 X 0 0 0 OLIVER R MERRILL TRUSTEE 1.0 0.0 X 0 0 0 PENNY BROWN TRUSTEE 1.0 0.0 X 0 0 0 PETER A KADENS TRUSTEE 1.0 0.0 X 0 0 0 PETER B CHERECWICH TRUSTEE 1.0 0.0 X 0 0 0 THOMAS J FORMOLO TRUSTEE 1.0 0.0 X 0 0 0 DIANE TRAUSCH SEC. AND DIR. OF BOARD RELATIONS 50.0 0.0 X 97949 0 28552 EDDIE PHILLIPS PROVOST 50.0 0.0 X 250703 0 43668 MARTY MICKEY TREASURER AND VP, FINANCE 50.0 0.0 X 209357 0 54089 NIVINE MEGAHED PRESIDENT 50.0 0.0 X 606312 0 145014 CAROLYN THEARD-GRIGGS DEAN OF NCE 50.0 0.0 X 198070 0 29868 CHRISTOPHER CHANTSON VP, INSTITUTIONAL ADVANCEMENT 50.0 0.0 X 198230 0 20371 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 50.0 0.0 X 207974 0 34770 RICHARD YACONIS VP. ENROLLMENT AND MARKETING 50.0 0.0 X 222896 0 33152 THOMAS BERGMANN VP, HUMAN RESOURCES 50.0 0.0 X 209107 0 22169 2200598 0 411653 93 false true false Google LLC 1600 AMPITHEATRE PKWY MOUNTAIN VIEW CA 94043 MARKETING SERVICES 2846429 O'Malley Construction CO 55 W SEEGERS RD ARLINGTON HEIGHTS IL 60006 CONSTRUCTION SERVICES 1172058 Marketing Partnerships International 1 N FRANKLIN ST CHICAGO IL 60606 MARKETING SERVICES 745000 CDW Government Inc 200 N MILWAUKEE AVE VERNON HILLS IL 60061 IT SERVICES 612429 Gallagher Benefit Services PO BOX 39735 CHICAGO IL 60694 INSURANCE SERVICES 592143 40 20686098 884243 35207 21570341 TUITION AND FEES 611710 114160039 114160039 SALES AND SERVICES OF EDUCATIONAL ACTIVITES 611710 2054763 2054763 AUXILIARY ENTERPRISES 721000 2438557 2438557 0 0 0 0 118653359 2619137 2619137 66031 142941 -76910 0 -76910 -76910 2053785 0 2053785 0 2053785 2053785 OTHER 900099 1460860 1460860 0 0 0 0 1460860 146280572 120037309 0 4672922 11227104 11227104 1335644 794708 400693 140243 63957049 57214213 5891607 851229 2114802 1892029 194650 28123 8812586 7882642 812546 117398 4646137 4156713 427638 61786 133403 133403 92000 92000 65368 65368 226747 226747 6075777 5494749 465553 115475 6669696 6485330 66107 118259 1950278 1249361 698761 2156 2338791 2092423 215266 31102 7370552 6775746 519717 75089 888138 829415 57573 1150 1553577 1414202 128376 10999 940730 840967 87169 12594 2719437 2431045 251985 36407 544315 486977 50100 7238 BAD DEBT 2802312 2802312 INSTRUCTIONAL MATERIALS 1289796 1275325 9604 4867 OTHER (MISCELLANEOUS) 1123088 995456 110820 16812 UTILITIES 1070570 957796 98537 14237 0 0 0 0 129947897 117298513 11004220 1645164 0 0 14375312 16099508 0 210000 8737959 19403369 0 0 0 0 414472 231775 0 0 2565817 2465517 95751554 39179520 53750787 56572034 54617263 62190937 4129551 5209298 0 0 0 4338023 2529514 142929184 164911952 4415882 6683445 0 0 6695716 9097228 22006384 20958557 0 0 0 0 0 0 0 0 5117045 3239325 38235027 39978555 X 86720144 105444035 17974013 19489362 104694157 124933397 142929184 164911952 X 16332675 4032527 -125962 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 65368 false false 65368 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY DURING 2023-24, THE UNIVERSITY INCURRED $65,368 TO UTILIZE THE SERVICES OF THE PUBLIC STRATEGIES FIRM OF CONLON PUBLIC STRATEGIES INC., TO ASSIST IN ARRANGING MEETINGS WITH VARIOUS LEGISLATORS IN THE STATE OF ILLINOIS FOR THE PURPOSE OF INFORMING SUCH LEGISLATORS ABOUT PROPOSED EDUCATION LEGISLATION. 59249889 9104400 7133766 2305310 73182745 45738448 10528088 4738200 1754847 59249889 44899294 7767844 -5295083 1633607 45738448 34585380 3607481 7974369 1267936 44899294 36099479 48420 116821 1679340 34585380 0.75 0.25 false false 1598774 1598774 69382892 22628998 46753894 3731582 3607587 123995 9932879 7426195 2506684 11105427 5516740 5588687 56572034 0 LEASE LIABILITY - OPERATING 2167588 LEASE LIABILITY - FINANCE 515518 ADVANCE FROM GOVERNMENT - PERK 556219 3239325 139002189 4032527 142941 4175468 134826721 226747 11227104 11453851 146280572 118636987 142941 142941 118494046 226747 11227104 11453851 129947897 Schedule D, Part V, Line 1g OF THE $73,182,745 ENDING ENDOWMENT FUND BALANCE AT JUNE 30, 2024, $55,174,245 OF THIS AMOUNT IS UNRESTRICTED QUASI-ENDOWMENT. Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY'S ENDOWMENT ASSETS INCLUDE ASSETS THAT ARE CHARACTERIZED AS PERMANENTLY RESTRICTED AND QUASI-ENDOWMENT. SPENDING OF INCOME FROM THE PERMANENTLY RESTRICTED ENDOWMENT IS RESTRICTED TO THOSE DESIGNATIONS AS PROVIDED BY THE DONOR OF THE PERMANENTLY RESTRICTED FUNDS. SPENDING OF INCOME FROM THE QUASI-ENDOWMENT IS DESIGNATED BY THE UNIVERSITY'S BOARD OF TRUSTEES AND HELPS TO FUND THE OPERATIONS OF THE UNIVERSITY. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RENTAL EXPENSES - 142941 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements STUDENT SCHOLARSHIPS - 11227104 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 142941 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT SCHOLARSHIPS - 11227104 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE UNIVERSITY CUSTOMARILY DRAWS THE MAJORITY OF ITS STUDENTS FROM THE LOCAL COMMUNITIES IT SERVES AND IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS WHICH IS INCLUDED IN THE UNIVERSITY'S CATALOG AND ADMISSION AND APPLICATION INFORMATION. FURTHER, THE UNIVERSITY'S PROMOTION ACTIVITIES AND RECRUITING EFFORTS ARE REASONABLY DESIGNED TO INFORM STUDENTS OF ALL RACIAL SEGMENTS OF THE PROGRAMS IT HAS AVAILABLE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT. South America Program Services CONTRIBUTION REVENUE 492 North America (Canada & Mexico only) Program Services CONTRIBUTION REVENUE 59975 0 0 0 0 0 0 60467 0 60467 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual true SCHOLARSHIPS 4030 11227104 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. EACH FISCAL YEAR, A SCHOLARSHIP BUDGET IS APPROVED IN CONJUNCTION WITH THE APPROVAL OF THE UNIVERSITY'S OVERALL BUDGET BY THE BOARD OF TRUSTEES. ACTUAL SCHOLARSHIP AWARDS ARE BASED ON DIFFERENT CRITERIA AND ARE TRACKED WITHIN THE APPROVED BUDGET. SCHOLARSHIPS ARE MANAGED BY THE UNIVERSITY'S STUDENT FINANCE OFFICE. EACH STUDENT APPLIES FOR SCHOLARSHIPS BY COMPLETING AN APPLICATION. SCHOLARSHIP AWARDS ARE BASED ON INFORMATION PROVIDED IN THIS APPLICATION. X true true X X X X X X false true false false false false false false false NIVINE MEGAHED PRESIDENT 503207 0 100000 0 3105 0 119450 0 25564 0 751326 0 0 0 EDDIE PHILLIPS PROVOST 227018 0 23625 0 60 0 14063 0 29605 0 294371 0 0 0 MARTY MICKEY TREASURER AND VP, FINANCE 188521 0 20440 0 396 0 12167 0 41922 0 263446 0 0 0 RICHARD YACONIS VP. ENROLLMENT AND MARKETING 201590 0 20910 0 396 0 12456 0 20696 0 256048 0 0 0 MICHAEL GRAHAM VP, CHIEF INFORMATION OFFICER 186422 0 19965 0 1587 0 11371 0 23399 0 242744 0 0 0 THOMAS BERGMANN VP, HUMAN RESOURCES 189565 0 19284 0 258 0 11496 0 10673 0 231276 0 0 0 CAROLYN THEARD-GRIGGS DEAN OF NCE 169478 0 18200 0 10392 0 1213 0 28655 0 227938 0 0 0 CHRISTOPHER CHANTSON VP, INSTITUTIONAL ADVANCEMENT 179852 0 18288 0 90 0 10894 0 9477 0 218601 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE UNIVERSITY HAS A MEMBERSHIP IN A LOCAL SOCIAL CLUB THAT IS IN THE PRESIDENT'S NAME WHICH IS FOR THE PURPOSE OF HELPING PROMOTE AND CONDUCT BUSINESS ON BEHALF OF THE UNIVERSITY. THE SOCIAL CLUB MEMBERSHIP IS USED 100 PERCENT FOR BUSINESS AND THE PRESIDENT USES THE ACCOUNTABLE PLAN RULES FOR DOCUMENTING THE BUSINESS USE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE UNIVERSITY CURRENTLY HAS A 457(F) DEFERRED COMPENSATION PLAN IN PLACE WITH THE UNIVERSITY'S PRESIDENT WHEREBY THE UNIVERSITY MAKES AN ANNUAL CONTRIBUTION INTO THE PLAN WHERE THE FUNDS ARE INVESTED IN ACCORDANCE WITH THE PLAN GUIDELINES. FOR CALENDAR YEAR 2023, THE UNIVERSITY CONTRIBUTED $100,000 INTO THE PLAN. $100,000 OF DEFERRED COMPENSATION IS REPORTED IN SCHEDULE J PART II COLUMN C. THE PLAN CURRENTLY PROVIDES THAT IF THE UNIVERSITY PRESIDENT REMAINS EMPLOYED BY THE UNIVERSITY FOR THREE YEARS AND ACHIEVES CERTAIN OBJECTIVES, THE BALANCE IN THE PLAN AT THE END OF SUCH THREE-YEAR PERIOD VESTS AND IS PAID TO THE UNIVERSITY PRESIDENT AT THAT TIME. THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN THE FISCAL YEAR ENDED 6/30/24. A ILLINOIS FINANCE AUTHORITY 861091967 2019-05-07 26500000 SEE PART VI false false false A 5300000 26500000 125000 17624383 301331 8449286 true false true true A false false false false 0.0 false false true A false true false true PNC BANK 8.0 false false false false true A true Schedule K, Part I, Column (f) THE BONDS ISSUED ON MAY 7, 2019 WERE USED TO (I) REFUND ALL OF THE THEN OUTSTANDING BONDS FROM THE ILLINOIS EDUCATIONAL FACILITIES AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS, NATIONAL LOUIS UNIVERSITY SERIES 1999A&B (THE SERIES 1999 BONDS);(II)FINANCE, REFINANCE AND REIMBURSE CERTAIN COSTS OF THE CONSTRUCTION AND EQUIPPING OF THE UNIVERSITY'S EDUCATIONAL FACILITIES AT 18 S. MICHIGAN, CHICAGO, ILLINOIS; AND PAY CERTAIN EXPENSES INCURRED IN CONNECTION WITH THE ISSUANCE OF THE ILLINOIS FINANCE AUTHORITY $26,500,000 SERIES 2019 BONDS AND THE REFUNDING OF THE SERIES 1999 BONDS. Schedule K, Part IV, Line 2c COLUMN A Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 06/30/2023 X KITCHEN EQUIPMENT 2 25707 Market value X OFFICE FURNITURE 1 9500 Market value false false false Schedule M, Part I Explanations of reporting method for number of contributions Other - KITCHEN EQUIPMENT THE AMOUNTS LISTED IN PART I, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTIONS FOR EACH TYPE OF PROPERTY CONTRIBUTED Other - OFFICE FURNITURE THE AMOUNTS LISTED IN PART I, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTIONS FOR EACH TYPE OF PROPERTY CONTRIBUTED Form 990, Part VI, Line 11b Review of form 990 by governing body THE PREPARATION AND REVIEW PROCESS FOLLOWED BY THE UNIVERSITY WITH RESPECT TO THE FORM 990 IS AS FOLLOWS: THE 990 INFORMATION IS ACCUMULATED BY THE UNIVERSITY'S ACCOUNTING DEPARTMENT AND THEN THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. A DRAFT COPY IS FIRST REVIEWED BY MANAGEMENT AND THEN IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW AND COMMENT PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY UNDER WHICH THE UNIVERSITY'S TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE TO THE PRESIDENT'S OFFICE ANY CONFLICTS OF INTEREST THAT THEY MAY HAVE WITH THE UNIVERSITY. IF A CONFLICT OF INTEREST WAS DISCLOSED, THE PERSON WITH THE CONFLICT WOULD RECUSE THEMSELVES FROM ANY DISCUSSION REGARDING THE PERTINENT ITEM. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE UNIVERSITY'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE WHO HAS THE RESPONSIBILITY AND AUTHORITY TO REVIEW AND APPROVE ALL CURRENT AND FUTURE COMPENSATION MATTERS FOR THE UNIVERSITY'S PRESIDENT, INCLUDING BUT NOT LIMITED TO BASE PAY, BONUS OR INCENTIVE PAY, DEFERRED COMPENSATION AND FRINGE BENEFITS. THE BOARD SETS COMPENSATION GUIDELINES FOR VICE PRESIDENTS AND DEANS AND REGULARLY REVIEWS UPDATED COMPENSATION RANGES OF SUCH. THE COMPENSATION REVIEW WAS PERFORMED BY THE BOARD OF TRUSTEES DURING ITS 2023 AUGUST EXECUTIVE COMMITTEE BOARD MEETING. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE UNIVERSITY'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMMITTEE WHO HAS THE RESPONSIBILITY AND AUTHORITY TO REVIEW AND APPROVE ALL CURRENT AND FUTURE COMPENSATION MATTERS FOR THE UNIVERSITY'S PRESIDENT, INCLUDING BUT NOT LIMITED TO BASE PAY, BONUS OR INCENTIVE PAY, DEFERRED COMPENSATION AND FRINGE BENEFITS. THE BOARD SETS COMPENSATION GUIDELINES FOR VICE PRESIDENTS AND DEANS AND REGULARLY REVIEWS UPDATED COMPENSATION RANGES OF SUCH. THE COMPENSATION REVIEW WAS PERFORMED BY THE BOARD OF TRUSTEES DURING ITS 2023 AUGUST EXECUTIVE COMMITTEE BOARD MEETING. Form 990, Part VI, Line 19 Required documents available to the public NATIONAL LOUIS UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN INTEREST RATE VALUATION - -125962; Schedule F, Part V DURING FISCAL YEAR 2024, THE UNIVERSITY RECEIVED CONSIDERATION TOTALING $256,044 FROM HIGHER EDUCATION INSTITUTIONS IN MEXICO AND CHILE UNDER AGREEMENTS WHEREBY EACH INSTITUTION UTILIZED CERTAIN CULINARY CURRICULUM OF THE UNIVERSITY AND THE UNIVERSITY PROVIDED CERTAIN OVERSIGHT OVER THE CULINARY INSTRUCTION AT EACH INSTITUTION. IN CONNECTION WITH SUCH AGREEMENTS, THE UNIVERSITY INCURRED PERSONNEL AND TRAVEL EXPENSES BY CERTAIN MEMBERS OF ITS CULINARY FACULTY TO VALIDATE THE APPROPRIATE UTILIZATION OF SUCH CURRICULUM. 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