2026-06-18T09:19:58+00:00 2025-08-31 350921680 CROWE LLP 701 13th St NW Suite 852 Washington DC 20005 990 2024-09-01 366112087 Columbia College Chicago COLU 3123697162 600 South Michigan Ave Chicago IL 60605 Matt Jaehrling Associate VP Controller & Treasurer 2026-06-18 true Steve Lenivy P01635350 2026245555 2026-06-18 2024 2025-03-06 01:10:19Z Jeff Bethke 600 South Michigan Ave Chicago IL 60605 365696851 false X www.colum.edu X 1890 IL THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA. 21 20 2539 150 4010 0 5816167 4788262 217570149 199554353 26984054 62658026 341971 561993 250712341 267562634 83056022 70439050 0 102562410 90168563 65000 65000 1497985 84589579 83100740 270273011 243773353 -19560670 23789281 476636857 429749359 172025010 142397689 304611847 287351670 THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA. false false 168797724 70439050 172681495 COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 40 ACADEMIC PROGRAMS AND OVER 4,400 STUDENTS. COLUMBIA COLLEGE CHICAGO AWARDS UNDERGRADUATE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF MUSIC AND BACHELOR OF SCIENCE DEGREES, ALONG WITH GRADUATE MASTER OF ARTS, MASTER OF ARTS MANAGEMENT, AND MASTER OF FINE ART DEGREES. THE COLLEGE IS ONE OF THE LARGEST AND MOST DIVERSE PRIVATE ARTS AND MEDIA COLLEGES IN THE NATION. THE COLLEGE'S INTENT IS TO EDUCATE STUDENTS WHO WILL COMMUNICATE CREATIVELY AND SHAPE THE PUBLIC PERCEPTIONS OF ISSUES AND EVENTS AND WHO WILL AUTHOR THE CULTURE OF THEIR TIMES. THE COLLEGE HAD 4,346 STUDENTS ENROLLED IN ITS UNDERGRADUATE PROGRAMS AND 115 STUDENTS ENROLLED IN ITS GRADUATE PROGRAMS. THE UNDERGRADUATE PROGRAMS ARE OFFERED IN EIGHT SCHOOLS WITHIN THE COLLEGE; THE SCHOOL OF AUDIO AND MUSIC; THE SCHOOL OF BUSINESS AND ENTREPRENEURSHIP; THE SCHOOL OF COMMUNICATION AND CULTURE; THE SCHOOL OF DESIGN; THE SCHOOL OF FASHION; THE SCHOOL OF FILM AND TELEVISION; THE SCHOOL OF THEATRE AND DANCE; AND THE SCHOOL OF VISUAL ARTS. IN FALL 2025, THE SCHOOL OF AUDIO AND MUSIC HAD AN UNDERGRADUATE ENROLLMENT OF 483 AND A GRADUATE ENROLLMENT OF 27. THE SCHOOL OF BUSINESS AND ENTREPRENEURSHIP HAD AN UNDERGRADUATE ENROLLMENT OF 383 AND A GRADUATE ENROLLMENT OF 33. THE SCHOOL OF COMMUNICATION AND CULTURE HAD AN UNDERGRADUATE ENROLLMENT OF 322 AND A GRADUATE ENROLLMENT OF 9. THE SCHOOL OF DESIGN HAD AN UNDERGRADUATE ENROLLMENT OF 741 AND A GRADUATE ENROLLMENT OF 6. THE SCHOOL OF FASHION HAD AN UNDERGRADUATE ENROLLMENT OF 316. THE SCHOOL OF FILM AND TELEVISION HAD AN UNDERGRADUATE ENROLLMENT OF 805 AND A GRADUATE ENROLLMENT OF 30. THE SCHOOL OF THEATRE AND DANCE HAD AN UNDERGRADUATE ENROLLMENT OF 562 AND A GRADUATE ENROLLMENT OF 4. THE SCHOOL OF VISUAL ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 567 AND A GRADUATE ENROLLMENT OF 10. THERE WERE 167 STUDENTS WHO DID NOT HAVE AN OFFICIAL SCHOOL. IN THE 2024-2025 ACADEMIC YEAR, THE COLLEGE GRANTED 1,348 DEGREES. THE SCHOOL OF AUDIO AND MUSIC GRANTED 109 UNDERGRADUATE DEGREES, THE SCHOOL OF BUSINESS AND ENTREPRENEURSHIP GRANTED 157 DEGREES (147 WERE UNDERGRADUATE), THE SCHOOL OF COMMUNICATION AND CULTURE GRANTED 141 (124 WERE UNDERGRADUATE), THE SCHOOL OF DESIGN GRANTED 223 DEGREES (222 WERE UNDERGRADUATE), THE SCHOOL OF FASHION GRANTED 102 UNDERGRADUATE DEGREES, THE SCHOOL OF FILM AND TELEVISION GRANTED 266 DEGREES (259 WERE UNDERGRADUATE), THE SCHOOL OF THEATRE AND DANCE GRANTED 190 DEGREES (186 WERE UNDERGRADUATE), AND THE SCHOOL OF VISUAL ARTS GRANTED 160 DEGREES (155 WERE UNDERGRADUATE). 30322136 27427668 COLUMBIA COLLEGE CHICAGO PROVIDES HOUSING, FOOD SERVICE, AND RESIDENCE LIFE PROGRAMS TO ITS STUDENTS. THE COLLEGE HAS OVER 2,000 BEDS AVAILABLE TO ITS STUDENTS IN FOUR DIFFERENT RESIDENCE CENTERS ON ITS CAMPUS. 199119860 true true false false false false false true false true true true false true true true true false true false true false false true true false false false true true true false false false false false false false false false false true true false false false false false false false false true 8052 0 true 2539 true true true false false false false true true false false false false false false X 21 20 false false false false false false false true true false false false true true true true true true true false false false CA IL X X Matthew Jaehrling 3123697162 600 SOUTH MICHIGAN AVE Chicago IL 60605 BARRY M SABLOFF SECRETARY 1.0 0.0 X X 0 0 0 HUGH C WILLIAMS VICE CHAIR 1.0 0.0 X X 0 0 0 JERRY TARRER INTERIM PRESIDENT-Partial Year; COO 40.0 0.0 X X 411500 0 72701 JOHN MCLAIN HOLMES CHAIRMAN OF THE BOARD 1.0 0.0 X X 0 0 0 SHANTAY BOLTON PRESIDENT AND CEO, TRUSTEE, EX-OFFICIO-Partial Year 40.0 0.0 X X 0 0 0 ANDREAS WALDBURG-WOLFEGG TRUSTEE 1.0 0.0 X 0 0 0 ARJUN AGGARWAL TRUSTEE 1.0 0.0 X 0 0 0 ARLEN RUBIN TRUSTEE 1.0 0.0 X 0 0 0 AVERILL LEVITON TRUSTEE 1.0 0.0 X 0 0 0 IMAD I QASIM TRUSTEE 1.0 0.0 X 0 0 0 JOHN R GEHRON TRUSTEE-Partial Year 1.0 0.0 X 0 0 0 KAREN JONES TRUSTEE, EX-OFFICIO 1.0 0.0 X 0 0 0 LEN AMATO TRUSTEE 1.0 0.0 X 0 0 0 MELISSA DALRYMPLE TRUSTEE 1.0 0.0 X 0 0 0 PAUL BROUCEK TRUSTEE 1.0 0.0 X 0 0 0 PAUL GARNES TRUSTEE 1.0 0.0 X 0 0 0 PETER PACE JR TRUSTEE 1.0 0.0 X 0 0 0 RICH NANDA TRUSTEE 1.0 0.0 X 0 0 0 RICHARD POULTON TRUSTEE 1.0 0.0 X 0 0 0 ROBERT A WISLOW TRUSTEE 1.0 0.0 X 0 0 0 ROBERT J BUFORD TRUSTEE 1.0 0.0 X 0 0 0 STACI R COLLINS JACKSON TRUSTEE 1.0 0.0 X 0 0 0 SUSAN V DOWNING TRUSTEE-Partial Year 1.0 0.0 X 0 0 0 WILLIAM WOLF TRUSTEE 1.0 0.0 X 0 0 0 MARCELLA DAVID SENIOR VP AND PROVOST-Partial Year 40.0 0.0 X 358519 0 47439 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL-Partial Year 40.0 0.0 X 240560 0 41258 DEREK BRINKLEY AVP, ENROLLMENT MANAGMENT-Partial Year 40.0 0.0 X 198367 0 32399 PATRICIA OLALDE AVP, HUMAN RESOURCES 40.0 0.0 X 208433 0 37810 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 40.0 0.0 X 209734 0 59780 SUZANNE MCBRIDE SENIOR VP INTERIM PROVOST-Partial Year 40.0 0.0 X 199699 0 57189 ANN KALAYIL AVP FACILITIES/CONSTRUCTION 40.0 0.0 X 234368 0 41602 KATHIE KOCH AVP AND CHIEF INFORMATION OFFICER 40.0 0.0 X 272604 0 55935 LAURENT PERNOT CHIEF OF STAFF 40.0 0.0 X 248315 0 69226 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 40.0 0.0 X 228060 0 52242 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS-Partial Year 40.0 0.0 X 239250 0 25770 KWANG-WU KIM FORMER PRESIDENT/CEO, FORMER TRUSTEE, EX-OFFICIO 0.0 0.0 X 990588 0 107045 Rosita Sands Former Dean / Special Advisor DEI 40.0 0.0 X 224640 0 14626 4264637 0 715022 131 true true false UNIVERSAL PROTECTION SERVICE LLC 161 Washington Street Suite 600 Eight Tower Bridge Conshohocken PA 19428 SECURITY SERVICES 3107021 HARVARD MAINTENANCE INC 59 Maiden Lane FL 17 NEW YORK NY 10038 MAINTENANCE AND CLEANING 2216686 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 EDUCATION TECHNOLOGY, SERVICES, AND RESEARCH 2198326 BERGLUND CONSTRUCTION COMPANY 8410 SOUTH CHICAGO AVE CHICAGO IL 60617 GENERAL CONTRACTOR 1167604 PEPPER CONSTRUCTION COMPANY 411 LAKE ZURICH ROAD BARRINGTON IL 60010 GENERAL CONTRACTOR 860923 35 0 0 816794 0 1749845 2221623 1087262 4788262 TUITION AND FEES 611600 172126685 172126685 0 0 RESIDENCE CENTERS 611600 27427668 27427668 0 0 0 0 0 0 199554353 4201533 0 4010 4197523 0 0 0 0 14001 0 0 14001 51638 0 0 0 51638 0 51638 0 0 51638 153976464 2270000 95371288 2418683 58605176 -148683 58456493 0 0 58456493 169190 816794 256064 -86874 0 -86874 0 0 0 0 0 0 101326 88182 13144 0 0 13144 MUSEUM PUBLICATIONS 611600 101487 101487 0 0 PERFORMANCE FEES AND BOOK SALES 611600 78894 78894 0 0 VENDING COMMISSIONS 611600 15274 0 0 15274 374429 374429 0 0 570084 267562634 200109163 4010 62661199 0 0 70439050 70439050 0 0 0 0 2408506 1186057 1194782 27667 1336898 434866 682506 219526 64086232 50404265 13343103 338864 2920295 2239794 655270 25231 14668418 11250314 3291371 126733 4748214 3641763 1065427 41024 0 0 0 0 166395 1500 164895 0 261566 0 261566 0 0 0 0 0 65000 65000 3294141 0 3294141 0 13119478 9965273 2913172 241033 1058356 422703 627115 8538 2877955 2663616 214339 0 6281371 2235183 3946648 99540 11783 11783 0 0 34987027 32066084 2852342 68601 1209212 898557 283263 27392 0 0 0 0 1485482 966583 426068 92831 3541488 300 3541188 0 0 0 0 0 13419167 10292169 3011058 115940 1387319 0 1387254 65 0 0 0 0 243773353 199119860 43155508 1497985 5645 5749 4380415 6580798 2449647 1434366 2205720 1923964 0 0 0 0 4121650 5294673 444208536 253760166 199134037 190448370 62962194 94906352 139634599 88447339 0 61742950 40707748 476636857 429749359 13563557 11225110 0 18787859 10602697 67163137 64656561 0 0 0 0 0 0 9000000 72510457 46913321 172025010 142397689 X 282298384 265019339 22313463 22332331 0 0 0 304611847 287351670 476636857 429749359 X 23789281 -41894914 14000 831456 X false true true true true X 17238794 16737588 10486833 5816167 4788262 55067644 0 0 17238794 16737588 10486833 5816167 4788262 55067644 0 55067644 2592263 3156935 3796434 3379316 4267172 17192120 0 120219 195400 264891 296695 285790 1162995 73422759 1042260987 0.75001 0.77730 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INVENTORY INCOME, COLUMN A - 19621.0, COLUMN B - 64704.0, COLUMN C - 98441.0, COLUMN D - 112960.0, COLUMN E - 101326.0, COLUMN F - 397052.0; DESCRIPTION - GROSS FUNDRAISING INCOME, COLUMN A - 94000.0, COLUMN B - 100271.0, COLUMN C - 128645.0, COLUMN D - 167815.0, COLUMN E - 169190.0, COLUMN F - 659921.0; DESCRIPTION - OTHER INCOME, COLUMN A - 6598.0, COLUMN B - 30425.0, COLUMN C - 37805.0, COLUMN D - 15920.0, COLUMN E - 15274.0, COLUMN F - 106022.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 670465 20219021 X X X X true 191973543 530634 16956180 511737 26758495 182190125 201842538 621514 27151914 464423 37178000 191973543 192071841 793522 19892607 538432 10377000 201842538 235614524 -150891 -33779532 409536 9202724 192071841 201677414 564039 42790089 333749 9083269 0 235614524 0.91 0.0515 0.0385 false false 21398620 21398620 347988514 211919401 136069113 33253652 24589682 8663970 41567750 17251083 24316667 190448370 Closely-held equity interests Financial derivatives Other Equity Investments 48901811 F Alternative Investments 39545528 F 88447339 Net pension funding Right of use assets - operating, net of amortization 40707748 40707748 Federal Income Taxes Deferred Compensation Payable Lease Obligation - Operating 39585938 Lease Obligation - Finance Asset retirement obligation 7327383 46913321 X 152805848 -41894914 14000 49309 -41831605 194637453 3294141 69631040 72925181 267562634 172622597 2118671 2118671 170503926 3294141 69975286 73269427 243773353 Schedule D, Part III, Line 4 Collections of art - description of collections THE MUSEUM OF CONTEMPORARY PHOTOGRAPHY (MOCP) AIMS TO PROMOTE A GREATER UNDERSTANDING AND APPRECIATION OF ARTISTIC, CULTURAL, AND POLITICAL IMPLICATION OF THE PHOTOGRAPHIC IMAGES IN OUR WORLD TODAY AS WELL AS PRESERVE ARTIFACTS OF HISTORICAL AND CULTURAL SIGNIFICANCE. THE COLLEGE ALSO MAINTAINS A COLLECTION OF FASHION DESIGNS, PAINTINGS, DRAWINGS, AND OTHER FORMS OF ARTISTIC EXPRESSION TO PRESERVE THESE PIECES FOR THEIR HISTORICAL SIGNIFICANCE AND TO USE FOR SCHOLARLY RESEARCH AND PEDANTIC PURPOSES. Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT IS DESIGNED TO PROVIDE A SECURE, LONG-TERM SOURCE OF FUNDS TO (A) FUND SPECIALS PROGRAMS; (B) ENSURE LONG-TERM GROWTH; AND (C) SUPPORT THE ADMINISTRATIVE EXPENSES OF THE COLLEGE AS DEEMED APPROPRIATE. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College has received a determination letter from the Internal Revenue Service (IRS) indicating that it is a tax-exempt organization as provided in Section 501(c)(3) of the Internal Revenue Code of 1986 and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. No provision has been made for income taxes in the accompanying financial statements, as the College has had no significant unrelated business income. In accordance with U.S. generally accepted accounting principles (GAAP), the College recognizes 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 the taxing authorities, based on the technical merits of the position. Based upon this practice the College, as of August 31, 2025 and 2024, believes it has no significant uncertain tax positions. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 GAIN OF SETTLEMENT OF ASSET RETIREMENT OBLIGATION LIABILITY - 49309 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHOLARSHIPS - 69975286 FUNDRAISING DIRECT EXPENSES - -256064 COST OF GOODS SOLD - -88182 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING DIRECT EXPENSES - 256064 COST OF GOODS SOLD - 88182 NET PERIODIC PENSION COST - 1774425 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHOLARSHIPS - 69975286 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 Included in all recruitment materials. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Columbia College Chicago receives support from the U.S. Department of Education, National Endowment for the Arts, National Science Foundation, Institute of Museum and Library Services, Illinois State Board of Education, and the Illinois Arts Council. Central America and the Caribbean 0 0 Investments 27153935 Central America and the Caribbean 0 0 Program Services RECRUITING 2520 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD, RECRUITING, CONFERENCES, FUNDRAISING 229317 North America (Canada & Mexico only) 0 0 Program Services RECRUITING, CONFERENCES, STUDY ABROAD 23164 South America 0 0 Program Services RECRUITING, STUDY ABROAD 25015 South Asia 0 0 Program Services RECRUITING 5053 East Asia and the Pacific 0 0 Program Services RECRUITING, STUDY ABROAD 39953 Sub-Saharan Africa 0 0 Program Services RECRUITING, CONFERENCES 4247 0 0 0 0 0 0 27483204 0 27483204 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X X true Patricia Hurley and Associates Inc 70 West Madison Street Suite 200 Chicago IL 60602 FUNDRAISER CONSULTANT false 589010 68074 520936 589010 68074 520936 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY MOCP BENEFIT (DARKROOM) 396974 295499 101475 0 0 21172 31048 6317 40927 WINTER GALA 589010 521295 67715 0 0 15893 61179 0 79528 0 985984 816794 169190 0 0 37065 92227 6317 120455 256064 -86874 Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses PATRICIA HURLEY AND ASSOCIATES, INC.-REIMBURSABLE EXPENSES WERE BILLED SEPARATELY, AND THE CONTRACT INCLUDED A FLAT FEE FOR FUNDRAISER SERVICES.; true INSTITUTIONAL SCHOLARSHIP 5393 69975286 TUITION WAIVERS 22 463764 Schedule I, Part III, Column (b) ESTIMATED NUMBER OF RECIPIENTS INSTITUTIONAL SCHOLARSHIP : THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES DETERMINES A STUDENT'S FINANCIAL NEED, AN INTERNAL COMMITTEE ANALYZES THE NEEDS OF ALL STUDENTS, AND BASED ON THE COMMITTEE'S ANALYSIS, AID IS AWARDED AS NEEDED AND POSTED TO THE STUDENT'S ACCOUNT. Schedule I, Part III, Column (b) ESTIMATED NUMBER OF RECIPIENTS TUITION WAIVERS : THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES DETERMINES A STUDENT'S FINANCIAL NEED, AN INTERNAL COMMITTEE ANALYZES THE NEEDS OF ALL STUDENTS, AND BASED ON THE COMMITTEE'S ANALYSIS, AID IS AWARDED AS NEEDED AND POSTED TO THE STUDENT'S ACCOUNT. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE COLLEGE'S OFFICE OF STUDENT FINANCIAL SERVICES DETERMINES A STUDENT'S FINANCIAL NEED, AN INTERNAL COMMITTEE ANALYZES THE NEEDS OF ALL STUDENTS, AND BASED ON THE COMMITTEE'S ANALYSIS, AID IS AWARDED AS NEEDED AND POSTED TO THE STUDENT'S ACCOUNT. X X true true X X X true true false false false false false true false KWANG-WU KIM FORMER PRESIDENT/CEO, FORMER TRUSTEE, EX-OFFICIO 270651 0 0 0 719937 0 37475 0 69570 0 1097633 0 125000 0 JERRY TARRER INTERIM PRESIDENT-Partial Year; COO 359243 0 50000 0 2257 0 34500 0 38201 0 484201 0 0 0 PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL-Partial Year 236908 0 0 0 3652 0 26522 0 14736 0 281818 0 0 0 MARCELLA DAVID SENIOR VP AND PROVOST-Partial Year 305208 0 50000 0 3311 0 34500 0 12939 0 405958 0 0 0 Rosita Sands Former Dean / Special Advisor DEI 173854 0 28125 0 22661 0 0 0 14626 0 239266 0 0 0 STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 171077 0 35937 0 2720 0 23690 0 36090 0 269514 0 0 0 PATRICIA OLALDE AVP, HUMAN RESOURCES 207040 0 0 0 1393 0 23047 0 14763 0 246243 0 0 0 SUZANNE MCBRIDE SENIOR VP INTERIM PROVOST-Partial Year 198615 0 0 0 1084 0 22896 0 34293 0 256888 0 0 0 DEREK BRINKLEY AVP, ENROLLMENT MANAGMENT-Partial Year 168167 0 30000 0 200 0 9081 0 23318 0 230766 0 0 0 KATHIE KOCH AVP AND CHIEF INFORMATION OFFICER 269703 0 0 0 2901 0 27724 0 28211 0 328539 0 0 0 TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS-Partial Year 237289 0 0 0 1961 0 24015 0 1755 0 265020 0 0 0 LAURENT PERNOT CHIEF OF STAFF 222488 0 25000 0 827 0 25781 0 43445 0 317541 0 0 0 SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 225687 0 0 0 2373 0 25302 0 26940 0 280302 0 0 0 ANN KALAYIL AVP FACILITIES/CONSTRUCTION 231931 0 0 0 2437 0 25855 0 15747 0 275970 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use PERSONAL USE OF HOUSING IS GENERALLY BASED ON THE PROVISIONS OF THE PRESIDENT'S EMPLOYMENT AGREEMENT WITH THE COLLEGE. THE VALUE OF THE HOUSING PROVIDED IS NOT TAXABLE TO THE EXTENT IT IS A CONDITION OF EMPLOYMENT AND NECESSARY TO CARRY ON HIS DUTIES. Schedule J, Part I, Line 1a Health or social club dues or initiation fees SOCIAL CLUB DUES OR INITIATION FEES ARE GENERALLY PROVIDED BASED ON THE PROVISIONS OF THE PRESIDENT'S EMPLOYMENT AGREEMENT WITH THE COLLEGE. THE COLLEGE CONSIDERS THIS TO BE A BUSINESS EXPENSE. Schedule J, Part I, Line 4a Severance or change-of-control payment DURING CALENDAR YEAR 2024, KWANG-WU KIM RECEIVED A SEVERANCE PAYMENT OF $451,000. THE AMOUNT IS REPORTED IN PART II, COLUMN B(III). Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan KWANG-WU KIM PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE PLAN MADE DISTRIBUTIONS OF $250,000 DURING CALENDAR YEAR 2024. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). DURING ACADEMIC YEAR 2024-2025, NO ACCRUALS WERE MADE INTO THIS NONQUALIFIED PLAN. Schedule J, Part I, Line 7 Non-fixed payments In calendar year 2024, Jerry Tarrer, Marcella David, Derek Brinkley, and Laurent Pernot were awarded discretionary, non-fixed bonuses for assuming additional responsibilities following the departure of the President and CEO. The bonuses were not part of a pre-established plan and were approved by the Board of Trustees. A Illinois Finance Authority 861091967 45203H5Q1 2015-10-15 52985952 Refunding of 2003, 2007 and 2011 issues false false false B Illinois Finance Authority 861091967 45204E4S4 2019-11-20 20378049 Partial reimbursement of new building construction. false false false A 6450000 52985952 0 0 0 667246 0 0 0 52318706 0 2015 true true true true B 0 0 20378049 0 0 0 378049 0 0 20000000 0 0 2019 false false true true A false false true true false false 0.0 0.0 0.0 false false 0 true true B false false true true false false 0.0 0.0 0.0 false false 0 false true A false false false true false false 0.0 false false false 0 false false true B false false false false false false 0 false false false 0 false false true A true B true Schedule K, Part I, Column (c) CUSIP for issuance 11/20/2019 The CUSIP's for this issuance are 45204E4N5; 45204E4P0; 45204E4Q8; 45204E4R6; 45204E4S4 Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 11/24/2020 184 757840 Opinions of experts 6 306504 Market value 470 22918 Cost 6 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE COLLEGE HAS A CONSIGNMENT AGREEMENT WITH A GALLERY FOR THE SALE OF DONATED ART Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art - APPRAISALS THE NUMBER OF ITEMS Securities - Publicly traded - NUMBER OF DONORS Food inventory - NUMBER OF ITEMS Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES THE PRESIDENT/CEO HAS THE AUTHORITY TO HIRE AND SET INITIAL AND ONGOING COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. THE BOARD IS MADE AWARE OF SALARY INCREASES, BONUSES AND BENEFITS ON AN ANNUAL BASIS. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall consist of the Chair, Vice Chairs, Secretary, Treasurer, and the Chairs of the standing committees. When the Board is not in session, the Executive Committee shall, except as otherwise provided by law, the Bylaws, or expressly by the Board of Trustees, have the authority to act for the Board on all matters except for the following, which shall be reserved for the board: Presidential selection and termination; Trustee and Board officer selection; changes in institutional mission and purposes; adoption, amendments to or repeal of the Articles of Incorporation or Bylaws; incurring corporate indebtedness; adoption of a plan for the distribution or sale of all or substantially all of the College assets or tangible property; adoption of the annual budget; and determination of the existence of an Adverse Circumstance pursuant to the College's Statement of Policy on Academic Freedom, Faculty Status, Tenure and Due Process. The Committee shall also oversee the management and development of the College's physical plant to ensure alignment with the College's mission and strategic plans. The Committee shall meet as often as necessary to conduct its business, as the Chair shall determine. Form 990, Part VI, Line 11b Review of form 990 by governing body INTERNAL MANAGEMENT WILL REVIEW THE FORM 990 WITH THE PAID TAX PREPARER. THE FORM IS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AS WELL AS THE BOARD OF TRUSTEES FOR REVIEW AND COMMENTS BEFORE IT IS FILED WITH THE IRS. THE BOARD WILL BE GIVEN A DEADLINE TO SUBMIT QUESTIONS AND COMMENTS. Form 990, Part VI, Line 12c Conflict of interest policy PURSUANT TO POLICY, DIRECTORS, OFFICERS, AND TRUSTEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. CONFLICTS MUST BE DISCLOSED, AND ACKNOWLEDGEMENT MADE OF THE DUTY TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. DISCLOSURES ARE ALSO SUBMITTED BY STAFF. DURING THE YEAR, THE BOARD OF TRUSTEES COMPLETED AND SUBMITTED CONFLICT OF INTEREST FORMS. REPORTED CONFLICTS ARE SUBMITTED TO THE AUDIT COMMITTEE FOR EVALUATION. CONFLICTED BOARD MEMBERS ARE PROHIBITED FROM VOTING ON AND PARTICIPATING IN DISCUSSION OF CONFLICTED TRANSACTIONS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PRESIDENTIAL EVALUATION COMMITTEE OF THE BOARD OF TRUSTEES, USING VARIOUS DATA SOURCES INCLUDING COMPARATIVE DATA, HISTORICALLY HAS CREATED A MULTI-YEAR EMPLOYMENT CONTRACT FOR THE PRESIDENT. THE AWARDED CONTRACT IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL AND IS RATIFIED BY THE BOARD OF TRUSTEES, WHICH IS DOCUMENTED IN THE MINUTES. IN MARCH 2025, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ASSUMED RESPONSIBILITY FOR THE REVIEW PROCESS IN CONNECTION WITH THE APPOINTMENT OF THE COLLEGE'S NEW PRESIDENT. THE EXECUTIVE COMMITTEE REVIEWED COMPENSATION ANALYSES, INCLUDING A STUDY PREPARED BY PEARL MEYER, AND PROPOSED THE PRESIDENT'S COMPENSATION PACKAGE IN MARCH 2025. THE FULL BOARD OF TRUSTEES THEN REVIEWED AND RATIFIED THE COMPENSATION ARRANGEMENT, WHICH WAS DOCUMENTED IN THE MINUTES. Form 990, Part VI, Line 19 Required documents available to the public AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue CONTRACTED EDUCATION & TRAINING SERVICES - Total Revenue: 53065, Related or Exempt Function Revenue: 53065, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Miscellaneous Income - Total Revenue: 90927, Related or Exempt Function Revenue: 90927, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Advertising - Total Revenue: 3968, Related or Exempt Function Revenue: 3968, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Indirect Cost Recovery - Total Revenue: 111608, Related or Exempt Function Revenue: 111608, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Rental Income related to Program Services - Total Revenue: 97013, Related or Exempt Function Revenue: 97013, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Insurance Recoveries - Total Revenue: 17848, Related or Exempt Function Revenue: 17848, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN PENSION COST - 2556572; NET PERIODIC PENSION COST - -1774425; GAIN OF SETTLEMENT OF ASSET RETIREMENT OBLIGATION LIABILITY - 49309; Total - 831456;