2026-07-08T10:00:40+00:00 2025-08-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-09-01 362167854 Roosevelt University ROOS 3123413580 430 South Michigan Avenue Chicago IL 60605 Arlene R Regnerus VP Finance & Administration and CFO 2026-07-08 true Jennifer Burke P01342224 3128997000 2026-07-08 2024 2025-03-06 01:10:19Z Ali Malekzadeh 430 South Michigan Avenue Chicago IL 60605 192748520 false X WWW.ROOSEVELT.EDU X 1945 IL ROOSEVELT UNIVERSITY IS NATIONALLY RECOGNIZED AS A CATALYST FOR STUDENTS TO RECEIVE TRANSFORMATIONAL LEARNING EXPERIENCES THROUGH THE EFFORTS OF A STRONG FACULTY DEDICATED TO EXCELLENCE IN TEACHING, RESEARCH, AND CREATIVE ACTIVITY AND A STAFF EQUALLY FOCUSED ON HELPING STUDENTS GROW AND ACHIEVE THEIR EDUCATIONAL/LIFE GOALS. 38 32 1528 143 -1621763 0 11557218 20206715 113698925 114624646 6053190 11872908 -948878 -959856 130360455 145744413 33924891 28542644 0 54752407 60292715 0 3511232 55783573 56747200 144460871 145582559 -14100416 161854 393305412 396021414 282900412 281694685 110405000 114326729 ROOSEVELT UNIVERSITY IS AN INDEPENDENT, NON-PROFIT, METROPOLITAN UNIVERSITY AND NATIONAL LEADER IN EDUCATING SOCIALLY CONSCIOUS CITIZENS FOR ACTIVE AND DEDICATED LIVES AS LEADERS IN THEIR PROFESSIONS AND THEIR COMMUNITIES. THE UNIVERSITY'S STUDENT-CENTERED FACULTY AND STAFF INSPIRE ACADEMICALLY QUALIFIED STUDENTS TO BENEFIT FROM RIGOROUS HIGHER EDUCATION AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. false false 117944868 28542644 114626086 ROOSEVELT UNIVERSITY OFFERS PROGRAMS AND SERVICES THAT REINFORCE ITS STUDENT-CENTERED MISSION. THE UNIVERSITY OFFERS MORE THAN 100 UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS AND IS COMMITTED TO THE HIGHEST ACADEMIC STANDARDS FOR ALL PROGRAMS. CLASS SCHEDULES ARE FLEXIBLE. COURSES ARE OFFERED FROM EARLY MORNING UNTIL LATE AT NIGHT, AS WELL AS ON WEEKENDS. ADDITIONALLY, IN FALL 2024, THE UNIVERSITY OFFERED MORE THAN 250 ONLINE CLASS SECTIONS WITH COURSE ENROLLMENTS EXCEEDING 5,000 STUDENTS. FULLY ONLINE DEGREE PROGRAMS ARE AVAILABLE. CLASS SIZES ARE SMALL. AT THE UNDERGRADUATE LEVEL, THE AVERAGE CLASS SIZE IS 21 AND AT THE GRADUATE LEVEL, THE AVERAGE CLASS SIZE IS 15. ROOSEVELT SERVES APPROXIMATELY 2,850 UNDERGRADUATE AND 1,425 GRADUATE STUDENTS. THE FOLLOWING IS A LISTING OF THE APPROXIMATE NUMBER OF STUDENTS BY COLLEGE: HUMANITIES, EDUCATION AND SOCIAL SCIENCE - 1,475 STUDENTS; PERFORMING ARTS - 475 STUDENTS; BUSINESS - 925 STUDENTS; AND SCIENCE, HEALTH, AND PHARMACY - 1,400 STUDENTS. 9356885 ROOSEVELT UNIVERSITY PROVIDES SUPPORT SERVICES THAT FOSTER LEARNING AND STUDENT SUCCESS ON CAMPUS. THESE SERVICES INCLUDE: FACULTY- LED EXPERIENTIAL LEARNING OPPORTUNITIES, THE ACADEMIC SUCCESS CENTER, CAREER SERVICES, COUNSELING CENTER, DISABILITY SERVICES, LEARNING COMMUNITIES, HEALTH & WELLNESS PROGRAMS, INTERNATIONAL PROGRAMS AND TUTORING. 724887 ROOSEVELT UNIVERSITY'S COMMITMENT TO SOCIAL JUSTICE IS DEEPLY ROOTED IN ITS HISTORY AND IS REFLECTED IN ITS MISSION, STRATEGIC PLAN, RESEARCH AND LEARNING OPPORTUNITIES BOTH IN AND OUTSIDE OF THE CLASSROOM. 128026640 true true false true false false false true false true true false false false true true false true true true true false true false true false false false true true true false false false false false false true false true false true false false false false true true true false false true 7030 0 true 1528 true true true false false false false true true false false false false false false X 38 32 true false false false false false false true true false false false true true true true true true true true false false X Arlene Regnerus 3123413628 430 SOUTH MICHIGAN AVENUE Chicago IL 60605 DR ALI R MALEKZADEH PRESIDENT & CEO 38.0 1.0 X X 676364 0 58994 JC GONZALEZ-MENDEZ TRUSTEE - CHAIR 1.0 0.0 X X 0 0 0 TERRY PETERSON TRUSTEE - SECRETARY 1.0 0.0 X X 0 0 0 VALERIE BARKER-WALLER TRUSTEE - VICE CHAIR 1.0 0.0 X X 0 0 0 ANN FORD TRUSTEE 1.0 0.0 X 0 0 0 ANNA E ROOSEVELT LIFE TRUSTEE 1.0 0.0 X 0 0 0 BEDRIJA NIKOCEVIC TRUSTEE STARTING MARCH 2025 38.0 0.0 X 114138 0 41508 BRANDON AUSTIN TRUSTEE STARTING JUNE 2025 1.0 0.0 X 0 0 0 BRUCE A CROWN TRUSTEE 1.0 2.0 X 0 0 0 CELESTE C CHAMBERLAND TRUSTEE 38.0 0.0 X 66117 0 14084 CHARLES R GARDNER LIFE TRUSTEE 1.0 1.0 X 0 0 0 DAVID D HILLER LIFE TRUSTEE 1.0 0.0 X 0 0 0 DONALD HUNT LIFE TRUSTEE 1.0 0.0 X 0 0 0 DR AIRICA POWELL STEED TRUSTEE STARTING JUNE 2025 1.0 0.0 X 0 0 0 DR CAROLYN WILEY TRUSTEE 38.0 0.0 X 131366 0 14010 DR JASON VAL G ALEGRO TRUSTEE UNTIL DECEMBER 2024 38.0 0.0 X 122390 0 15025 DR JILL M COLEMAN TRUSTEE 38.0 0.0 X 94612 0 14117 DR STEPHEN J CERRONE TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH CONNOLLY TRUSTEE 1.0 0.0 X 0 0 0 GERALD W FOGELSON LIFE TRUSTEE 1.0 0.0 X 0 0 0 JAIME DI PAULO TRUSTEE 1.0 0.0 X 0 0 0 JAMES B CONNOR TRUSTEE 1.0 0.0 X 0 0 0 JAMES IORIO TRUSTEE 38.0 0.0 X 84526 0 41262 JESSICA L GONZALEZ TRUSTEE STARTING JUNE 2025 1.0 0.0 X 0 0 0 JOE F HANAUER LIFE TRUSTEE 1.0 0.0 X 0 0 0 JOHN O KESHNER TRUSTEE UNTIL MARCH 2025 1.0 0.0 X 0 0 0 JOHN R HALL III TRUSTEE 1.0 0.0 X 0 0 0 JON CHERRY TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH A PASQUINELLI TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH NOCERA TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH YACULLO TRUSTEE 1.0 0.0 X 0 0 0 JOYCE E TUCKER TRUSTEE 1.0 0.0 X 0 0 0 KAI ZHAO TRUSTEE 1.0 0.0 X 0 0 0 LARISSA HERCZEG TRUSTEE 1.0 0.0 X 0 0 0 MAGGIE A WALKER TRUSTEE UNTIL JUNE 2025 18.0 0.0 X 10316 0 0 MAREK A WIERZBA TRUSTEE 1.0 0.0 X 0 0 0 MARIA DOUGHTY TRUSTEE 1.0 0.0 X 0 0 0 MELVIN L KATTEN LIFE TRUSTEE 1.0 1.0 X 0 0 0 MEME HOPMAYER LIFE TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL HYZY TRUSTEE STARTING JUNE 2025 1.0 0.0 X 0 0 0 PATRICIA HARRIS LIFE TRUSTEE 1.0 0.0 X 0 0 0 PATRICK J BROOKS TRUSTEE STARTING JULY 2025 18.0 0.0 X 0 0 0 RASHAD ROBISON TRUSTEE 1.0 0.0 X 0 0 0 RENEE LOGAN LIFE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT JOHNSON LIFE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT MEDNICK LIFE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT Y PADDOCK TRUSTEE 1.0 0.0 X 0 0 0 RUDY MEDINA RODOLFO TRUSTEE STARTING JUNE 2025 1.0 0.0 X 0 0 0 SARAH GUERNSEY TRUSTEE 1.0 0.0 X 0 0 0 SEAN ESHAGHY TRUSTEE 1.0 0.0 X 0 0 0 SHARON BUSH TRUSTEE UNTIL JUNE 2025 1.0 0.0 X 0 0 0 STEVEN H ABBEY TRUSTEE UNTIL JUNE 2025; LIFE TRUSTEE STARTING JULY 2025 1.0 0.0 X 0 0 0 TAMIA BYRD TRUSTEE STARTING JULY 2025 1.0 0.0 X 0 0 0 THERESA ROOSEVELT TRUSTEE STARTING JUNE 2025 1.0 0.0 X 0 0 0 THOMAS K HYATT TRUSTEE 1.0 0.0 X 0 0 0 UFUOMA C ABIOLA TRUSTEE UNTIL AUGUST 2025 1.0 0.0 X 0 0 0 ARLENE R REGNERUS VP FINANCE/ADMIN CFO/TREASURER 38.0 1.0 X 285291 0 12023 DR MICHAEL D FORD CHIEF OF STAFF- SECRETARY 38.0 0.0 X 227380 0 14874 MICHAEL T MALY INTERIM PROVOST 38.0 0.0 X 216736 0 30789 NICOLE M BARRON VP ENROLLLMENT ADVANCEMT AND MKTG 38.0 0.0 X 250185 0 42842 ANDRAE MARAK Professor of History and Political Science and Former Provost 38.0 0.0 X 238631 0 344 COLLETE ENGLISH DIXON EXEC DIR BENNETT INST RE 38.0 0.0 X 203706 0 33116 DR MELISSA L HOGAN CO-DEAN COLLEGE OF SCIENCE HEALTH PHARMACY 38.0 0.0 X 226152 0 26625 MICHAEL JON CASSIDY VICE PRESIDENT OF ATHLETICS 38.0 0.0 X 224155 0 40966 NEERAJ KUMAR VP INFO TECH AND CIO 38.0 0.0 X 224266 0 43737 DR ASGHAR SABBAGHI FORMER DEAN HELLER COLLEGE OF BUSINESS 0.0 0.0 X 191770 0 29750 RYAN J PETTY FORMER DEAN HELLER COLLEGE OF BUSINESS 0.0 0.0 X 158050 0 13033 3746151 0 487099 84 true true false University Center Property LLC 353 N Clark Street Ste 730 Chicago IL 606543453 Student Housing 4617474 Aladdin Food Management Services LLC 16567 Collection Center Drive Chicago IL 606930001 Contracted food services 3222606 Bulley rews Masonry LLC 1755 W Armitage Avenue Chicago IL 606221163 Construction Firm 2078279 Barnes & Noble College Booksellers LLC PO Box 713660 Philadelphia PA 191713660 Publisher 1233551 ABM Janitorial Services 75 Remittance Drive Suite 3011 Chicago IL 606753011 Janitorial Services 899852 41 229300 9014007 10963408 243173 20206715 Tuition/Fees 611310 100061952 100061952 Non-credit programs 611310 684098 684098 Auxiliary Income 611710 13878596 13878596 0 0 0 0 114624646 3753874 3753874 30925 30925 470138 470138 0 470138 470138 55007000 300 46888266 8118734 300 8119034 8119034 45600 229300 115841 -70241 -70241 HOTEL AND CONFERENCE SERVICES (NET) 900099 -1621763 -1621763 OTHER INCOME 900099 231085 1440 229645 0 0 0 0 -1390678 145744413 114626086 -1621763 12533375 25005221 25005221 3537423 3537423 2578949 2192107 309474 77368 409949 348457 49194 12298 46915922 39878533 5629911 1407478 217014 184462 26042 6510 6726007 5717106 807120 201781 3444874 2928143 413385 103346 100000 85000 12000 3000 272173 231347 32661 8165 236141 200720 28337 7084 299464 254544 35936 8984 5782986 4915538 693958 173490 1036630 881135 124396 31099 2129448 1810031 255534 63883 3325041 2826285 399005 99751 6644 5648 797 199 7789556 6621122 934747 233687 2635499 2240174 316260 79065 225543 191712 27065 6766 12406166 10545241 1488740 372185 7687474 6534353 922497 230624 1158656 984857 139039 34760 Student Meal Cost 3740911 3180059 448633 112219 Tuition Billed Not Collected 2858399 2429639 343008 85752 Repairs and Maintenance 2021966 1718671 242636 60659 Auditorium Building Improvement 1871848 1591071 224622 56155 1162655 988041 139690 34924 145582559 128026640 14044687 3511232 8184565 9586377 3817771 4986873 2968488 1882340 24612054 29093329 0 0 3793629 3568608 322072600 156318870 170414676 165753730 151335720 156055160 0 17370114 17965534 10808395 7129463 393305412 396021414 5838545 7601848 42471582 45339274 222628409 220629615 0 11961876 8123948 282900412 281694685 X -23879002 -29689349 134284002 144016078 110405000 114326729 393305412 396021414 161854 3759875 0 X false true true true true X 22683955 25422022 12771910 11557218 20206715 92641820 0 0 0 0 0 0 0 0 0 0 0 0 22683955 25422022 12771910 11557218 20206715 92641820 2799396 89842424 3041800 1479048 3854992 4167901 4254937 16798678 0 0 0 0 0 0 56912 745047 240361 272131 275245 1589696 111030194 589169369 0.80917 0.82118 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 0.0, COLUMN B - 32700.0, COLUMN C - 39000.0, COLUMN D - 36625.0, COLUMN E - 45600.0, COLUMN F - 153925.0; DESCRIPTION - SEMINAR LECTURE AND EVENTS, COLUMN A - 1520.0, COLUMN B - 485.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 2005.0; DESCRIPTION - MISCELLANEOUS, COLUMN A - 55392.0, COLUMN B - 711862.0, COLUMN C - 201361.0, COLUMN D - 235506.0, COLUMN E - 229645.0, COLUMN F - 1433766.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1592 1592 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY A PORTION OF THE MEMBERSHIP DUES PAID TO THE FEDERATION OF INDEPENDENT ILLINOIS COLLEGES AND UNIVERSITIES IS ATTRIBUTABLE TO LOBBYING ACTIVITIES. X X false 152547388 1738950 14818751 11778631 157326458 136893716 1427934 25403178 11177440 152547388 145097099 682468 11200756 20086607 136893716 168108153 3900084 -21460440 5450698 145097099 132800314 8875748 31640258 5208167 168108153 0.1782 0.422 0.3998 true false 38210635 38210635 265116789 140902095 124214694 7453716 5523199 1930517 11291460 9893576 1397884 165753730 0 Federal Income Taxes 0 Lease Liabilities 7953922 Student Deposits 170026 8123948 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part III, Line 1a Collections of art - financial statement footnote The University has collections of valuable papers and other memorabilia that were donated to the University. These papers are on display and are used by educators, researchers, historians, and others. The value of these collections is not included in the financial statements. Schedule D, Part III, Line 4 Collections of art - description of collections The University has collections of valuable papers and other memorabilia that were donated to the University. These papers are on display and are used by educators, researchers, historians, and others. Schedule D, Part V, Line 4 Intended uses of endowment funds The Endowment Fund is intended to provide for the operation and special programs of the University. In so doing, the Endowment Fund provides a secure, long-term source of funds to establish or maintain programs which are consistent with the aim of the University. Those aims may include, but are not limited to: maintaining a chair for each of the University's educational departments; providing funds for specific research projects approved by the board; and providing scholarships. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Roosevelt and Theatre are not-for-profit entities as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and are exempt from federal income taxes on related income pursuant to Section 501(a) of the IRC. Roosevelt and Theatre are subject to income taxes only to the extent of unrelated business income. No provision has been made for income taxes in the accompanying financial statements, as University has had no significant unrelated business income during the years August 31, 2025 and 2024. University accounts for uncertainty in income taxes under guidance issued by the FASB. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. As of August 31, 2025 and 2024, there were no uncertain tax positions identified. University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Forms 990 and 990-T filed by University are subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of each return. Management believes the Forms 990 and 990-T have been filed appropriately. University would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. University has no amounts accrued for interest or penalties as of August 31, 2025 and 2024. 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 SINCE 2017, ROOSEVELT UNIVERSITY HAS PUBLISHED AND CONTINUES TO PUBLISH ITS POLICY PROHIBITING DISCRIMINATION, HARASSMENT, BULLYING, AND RETALIATION PUBLICLY ON THE UNIVERSITY WEBSITE. IN ALL RECRUITMENT PUBLICATIONS SENT TO PROSPECTIVE STUDENTS, ROOSEVELT UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY APPEARS. THE POLICY STATES THAT ROOSEVELT UNIVERSITY DOES NOT DISCRIMINATE AGAINST REGARDING EMPLOYMENT BECAUSE OF AGE, ANCESTRY, CITIZENSHIP, COLOR, CREED, DISABILITY, GENDER, GENDER IDENTITY, MARITAL STATUS, MILITARY STATUS, NATIONAL ORIGIN, PARENTAL STATUS, RACE, RELIGION, SEXUAL ORIENTATION, SOURCE OF INCOME, UNFAVORABLE DISCHARGE FROM MILITARY SERVICE, VETERAN STATUS, OR AS A RESULT OF BEING THE VICTIM OF DOMESTIC OR SEXUAL VIOLENCE. THE POLICY EXTENDS TO RECRUITMENT, HIRING, TRAINING, COMPENSATION, PROMOTION, DEMOTION, TRANSFER, LAYOFF, TERMINATION, AND OTHER TERMS AND CONDITIONS OF EMPLOYMENT. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The University receives significant financial support from governmental agencies in the form of grants. The disbursement of funds received under such programs generally requires compliance with terms and conditions specified in the grant agreements and is subject to audit by grantor agencies. The grant agreements provide for possible auditing of expenditures by grantor agencies and possible disallowance of certain expenditures. true East Asia and the Pacific 0 0 Grantmaking N/A 899097 South America 0 0 Grantmaking N/A 533403 Europe (Including Iceland and Greenland) 0 0 Grantmaking N/A 867301 North America (Canada & Mexico only) 0 0 Grantmaking N/A 244428 South Asia 0 0 Grantmaking N/A 513798 Sub-Saharan Africa 0 0 Grantmaking N/A 187397 Russia and Neighboring States 0 0 Grantmaking N/A 200425 Central America and the Caribbean 0 0 Grantmaking N/A 46619 Middle East and North Africa 0 0 Grantmaking N/A 44955 0 0 0 0 0 0 3537423 0 3537423 SCHOLARSHIPS East Asia and the Pacific 67 899097 Credit Accrual 0 N/A N/A SCHOLARSHIPS South America 21 533403 Credit Accrual 0 N/A N/A Scholarships Europe (Including Iceland and Greenland) 53 867301 Credit Accrual 0 N/A N/A Scholarships North America (Canada & Mexico only) 18 244428 Credit Accrual 0 N/A N/A Scholarships South Asia 176 513798 Credit Accrual 0 N/A N/A Scholarships Sub-Saharan Africa 22 187397 Credit Accrual 0 N/A N/A Scholarships Russia and Neighboring States 25 200425 Credit Accrual 0 N/A N/A Scholarships Central America and the Caribbean 4 46619 Credit Accrual 0 N/A N/a Scholarships Middle East and North Africa 12 44955 Credit Accrual 0 N/A N/A false false false false false true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds Individual grant investigators are responsible for monitoring that grant funds are being used in accordance with the grant agreement with the assistance of the grant accountant and Office of Student Research (grant office). 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; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III 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 MIDDLE EAST AND NORTH AFRICA -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual RUSSIA AND NEIGHBORING STATES -Accrual SOUTH AMERICA -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual Real Estate Gala 274900 229300 45600 1302 5000 51468 58071 0 0 274900 229300 45600 1302 5000 51468 58071 115841 -70241 true SCHOLARSHIPS 2578 25005221 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds After the initial review and approval by the appropriate employees at the grant department level, the paperwork for grant expenditures are then passed on to the next review and approval level by an applicable College or Departmental Administrator of grant expenditures. Upon approval, the paperwork is sent to Grant Accounting for review and approval prior to payment processing of the grant expenditures. The scholarships to students are administered by the financial aid office. The scholarship amounts are internally credited to the individual students' billed tuition to ensure funds are used for their intended purpose. X X true true X X X X false true false false false false false false false DR ALI R MALEKZADEH PRESIDENT & CEO 494840 0 110000 0 71524 0 45000 0 13994 0 735358 0 0 0 BEDRIJA NIKOCEVIC TRUSTEE STARTING MARCH 2025 114067 0 0 0 71 0 0 0 41508 0 155646 0 0 0 ARLENE R REGNERUS VP FINANCE/ADMIN CFO/TREASURER 285015 0 0 0 276 0 0 0 12023 0 297314 0 0 0 DR MICHAEL D FORD CHIEF OF STAFF- SECRETARY 226910 0 0 0 470 0 0 0 14874 0 242254 0 0 0 DR ASGHAR SABBAGHI FORMER DEAN HELLER COLLEGE OF BUSINESS 191770 0 0 0 0 0 0 0 29750 0 221520 0 0 0 RYAN J PETTY FORMER DEAN HELLER COLLEGE OF BUSINESS 158050 0 0 0 0 0 0 0 13033 0 171083 0 0 0 NICOLE M BARRON VP ENROLLLMENT ADVANCEMT AND MKTG 249937 0 0 0 248 0 0 0 42842 0 293027 0 0 0 MICHAEL T MALY INTERIM PROVOST 216308 0 0 0 428 0 0 0 30789 0 247525 0 0 0 NEERAJ KUMAR VP INFO TECH AND CIO 223990 0 0 0 276 0 0 0 43737 0 268003 0 0 0 MICHAEL JON CASSIDY VICE PRESIDENT OF ATHLETICS 223879 0 0 0 276 0 0 0 40966 0 265121 0 0 0 DR MELISSA L HOGAN CO-DEAN COLLEGE OF SCIENCE HEALTH PHARMACY 225636 0 0 0 516 0 0 0 26625 0 252777 0 0 0 ANDRAE MARAK Professor of History and Political Science and Former Provost 238631 0 0 0 0 0 0 0 344 0 238975 0 0 0 COLLETE ENGLISH DIXON EXEC DIR BENNETT INST RE 202182 0 0 0 1524 0 0 0 33116 0 236822 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use The President receives a housing allowance which is included in his taxable compensation. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Social club dues paid for the President are for business use and are not included in his taxable compensation. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The President has deferred compensation arrangements per his contract. $45,000 was deferred and $0 was distributed this tax year. A Illinois Finance Authority 861091967 45200FCN7 2007-12-14 45607613 See Part VI false false false B Illinois Finance Authority 861091967 45204EJ66 2018-09-27 8588409 See Part VI false false false C Illinois Finance Authority 861091967 45204EN61 2018-11-14 66300166 See Part VI false false false D Illinois Finance Authority 861091967 45204EJ41 2019-07-03 113755042 See Part VI false false false A 14274219 0 45607613 831000 0 0 281660 0 0 44525953 0 0 2008 false false true true B 290000 0 8588409 686129 0 0 157647 0 0 0 7750172 0 2018 true false true true C 205000 0 66300166 5769849 0 0 133668 0 0 0 60309556 0 2018 true false true true D 340000 0 113755042 9726811 0 0 0 0 0 0 103988954 0 2019 true false true true A false true false false false false 0.0 0.0 0.0 false false 0 false true B false true false false false false 0.0 0.0 0.0 false false 0 false true C false true false false false false 0.0 0.0099 0.0099 false false 0 false true D false true false false false false 0.0 0.017 0.017 false false 0 false true A false false false true false false 0 false false false NA 0 false false true B false false false true false false 0 false false false 0 false false true C false false false true false false 0 false false false 0 false false true D false false false true false false 0 false false false 0 false false true A true B true C true D true Schedule K, Part I, Column (f) 2018A Bond Issues - Description of purpose The Illinois Financial Authority issued tax-exempt series bonds on behalf of Roosevelt to refund and redeem a portion of the Series 2007 Bonds. Schedule K, Part I, Column (f) 2018B Bond Issue - Description of purpose The Illinois Financial Authority issued tax-exempt series bonds on behalf of Roosevelt to refund and cancel a portion of the Series 2009 Bonds that had been escrowed to their October 2019 call date by the transactions in September 2018. Schedule K, Part I, Column (f) 2019A Bond Issue - Description of purpose The Illinois Financial Authority issued tax-exempt series bonds on behalf of Roosevelt to refund and redeem the remaining taxable 2018 Bonds. Schedule K, Part I, Column (f) 2020A Bond Issue - Description of purpose The Illinois Finance Authority issued its tax-exempt series bonds on behalf of Roosevelt to (i) finance the costs of acquiring certain assets of RMUI; (ii) finance the costs of acquiring fixtures, furniture, and equipment, making improvements to leased and owned facilities and relocating staff and programs; (iii) fund capitalized interest; and (iv) pay certain expenses incurred in connection with the issuance of the Series 2020A Bonds. Schedule K, Part I, Column (f) 2007 Bond Issue - Description of Purpose The proceeds of the bonds issued on 12/14/2007 were used for (1) acquisition, renovation and equipping of certain floors of the Gage Building in Chicago; (2) acquisition, demolition and site clearing of structures relating to the Fine Arts Annex Building and the Herman Crown Center; (3) various renovations, including upgrades and replacements, to the Auditorium Building's HVAC system; (4) various life safety improvements, as well as other renovations and remodeling, at the Auditorium Building; (5) the acquisition of certain land and related development rights near the main campus; and (6) various capital improvements at University's Chicago and Schaumburg campuses. Schedule K, Part II, Line 4 2007 2018A 2018B and 2019A Bond Issues - Gross proceeds in reserve funds The amount of expenditures does not match the issue price due to market fluctuations in the amount of Gross proceeds in reserve funds. Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 12/22/2022 Schedule K, Part IV, Line 2c COLUMN B Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 10/13/2023 Schedule K, Part IV, Line 2c COLUMN C Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 10/13/2023 Schedule K, Part IV, Line 2c COLUMN D Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 07/02/2024 Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 03/11/2025 A Illinois Finance Authority 861091967 45204FAA3 2020-03-10 3957008 See Part VI false false false A 0 0 3957008 0 384394 0 160000 0 0 3412614 0 0 2022 false false true true A false false false false false false 0.0 0.0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true A true NA - SEE PART V N/A - SEE PART V 14387 MERIT BASED SCHOLARSHIP & NEED BASED ASSISTANCE ACADEMIC THAIS RULICH-MALY DAUGHTER OF MICHAEL MALY, PROVOST 17346 EMPLOYMENT false Schedule L, Part V GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS A TOTAL OF $14,387 OF INSTITUIONAL SCHOLARSHIPS & ASSISTANCE WAS PROVIDED TO STUDENT TRUSTEES. THE UNIVERSITY IS NOT REQUIRED TO IDENTIFY THE INTERESTED PERSON(S) TO WHOM IT PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE; THEREFORE, COLUMNS (A) AND (B) ARE NOT APPLICABLE. 7 218703 Market value X Equipment and Repair Materials 14 24470 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - REPORTED THE NUMBER OF CONTRIBUTIONS RECEIVED FROM DONORS. Other - Equipment and Repair Materials REPORTED THE NUMBER OF CONTRIBUTIONS RECEIVED FROM DONORS. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee has broad authority to oversee the work of the Board and its committees, advise the President, and otherwise expedite the work of the Board of Trustees. The function of the Audit Committee is oversight. The purpose of the Audit Committee is to assist the Board of Trustees of Roosevelt University: I. In its oversight of the University's accounting and financial reporting principles and policies and internal accounting and disclosure controls and procedures; II. In its oversight of University's financial statements and the independent external audit thereof; III. In its oversight of the University's Federal Financial Assistance Single Audit; IV. In its evaluation of the independence of the external auditors; V. In its oversight of the University's internal audit function, addressing University policies, standards, and operations; VI. In its oversight of related party transactions. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons DR ALI R MALEKZADEH and THOMAS K HYATT - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body Management performed a review of the Form 990. After management's review, the audit committee also reviewed the return. Prior to filing the return with the IRS, A COPY OF THE RETURN WAS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD. Form 990, Part VI, Line 12c Conflict of interest policy Each interested person is provided an electronic questionnaire annually to complete and disclose any conflicts. The process is monitored and the questionnaires are reviewed by the Assistant Secretary to the Board of Trustees. If any conflicts are disclosed those interested persons are asked to abstain from voting on the item related to the conflict. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Board of Trustees appointed a compensation committee consisting of five (5) independent Roosevelt University Board of Trustee members. The Executive Compensation Committee (the "Committee") of the Board of Trustees of Roosevelt University shall review and approve the cash and non-cash compensation policies and programs and major changes in the University's benefit plans that are applicable to the President of the University and other designated senior personnel as determined by the Committee. This process is done on an annual basis. The process with respect to the President: 1. Request the President to complete a self-evaluation of goals and accomplishments for the prior year; 2. Once the self-evaluation is complete, the President submits the assessment to the compensation committee; 3. The committee reviews and discusses the assessment and reviews the data against the pre-established and agreed upon goals and accomplishments set for the year; 4. The committee compiles and reviews available comparable data for the compensation of other college and university presidents within the peer group established for the University. This comparable data is available both from IRS Form 990's filed by those institutions and from the data collected by the College and University Personnel Association (CUPA). The Associate VP for Human Resources is also involved to help summarize the data and compare it to peer group presidents on a median, mean and ranked basis; 5. The employment contract is reviewed and a salary increase and bonus is discussed; 6. The committee meets up to three times to deliberate and establish recommendations; 7. The recommendations are presented to the executive committee for approval The deliberations and decisions regarding the compensation arrangements are documented contemporaneously. Form 990, Part VI, Line 15b Process to establish compensation of other employees The Executive Compensation Committee (the "Committee") of the Board of Trustees of Roosevelt University shall review and approve the cash and non-cash compensation policies and programs and major changes in the University's benefit plans that are applicable to the President of the University and other designated senior personnel as determined by the Committee. This process is done on an annual basis. The process with respect to other executives: 1. Review and approve the President's recommendations on which positions will be covered by the policy; 2. Review with the President and approve the annual written performance goals of the other individuals covered by the Policy; 3. Review and approve the President's decisions to adjust compensation for other senior executives after the President's completion of the annual review of their performance. The deliberations and decisions regarding the compensation arrangements are documented contemporaneously. Form 990, Part VI, Line 19 Required documents available to the public Governing documents, conflict of interest policies and financial statements are not required disclosures pursuant to internal revenue code (IRC) section 6104. These documents are not available to the public at this time. AUDITORIUM THEATRE OF ROOSEVELT UNIVERSITY INC 50 East Ida B Wells Dr CHICAGO IL 60605 363145476 PERFORMING ARTS IL 501(c)(3) 7 ROOSEVELT UNIVERSITY true false false false false false false false false false true false true true true true true true false false Auditorium Theatre of Roosevelt University Q 3555628 Cash