Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
A For the 2014 calendar year, or tax year beginning 07-01-2014 , and ending 06-30-2015
BCheck if applicable:
CName of organization
COUNCIL OF INDEPENDENT COLLEGES
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
ONE DUPONT CIRCLE NW NO 320
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20036
D Employer identification number

01-6004776
E Telephone number

G Gross receipts $ 20,469,959
F Name and address of principal officer:
RICHARD EKMAN
ONE DUPONT CIRCLE NW NO 320
WASHINGTON,DC20036
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.CIC.EDU
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1956
M State of legal domicile: ME
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE COUNCIL OF INDEPENDENT COLLEGES IS AN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES WORKING TOGETHER TO SUPPORT COLLEGE LEADERSHIP, ADVANCE INSTITUTIONAL EXCELLENCE, AND ENHANCE PRIVATE HIGHER EDUCATION'S CONTRIBUTIONS TO SOCIETY. TO FULFILL ITS MISSION, THE COUNCIL OF INDEPENDENT COLLEGES PROVIDES IDEAS, RESOURCES, AND SERVICES THAT ASSIST INSTITUTIONS IN IMPROVING LEADERSHIP EXPERTISE, EDUCATIONAL PROGRAMS, ADMINISTRATIVE AND FINANCIAL PERFORMANCE, AND INSTITUTIONAL VISIBILITY.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 36
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 35
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) ...... 5 29
6 Total number of volunteers (estimate if necessary) ............. 6 36
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 7,404
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 6,404
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 8,141,325 9,138,493
9 Program service revenue (Part VIII, line 2g) ......... 1,727,135 1,781,315
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 1,731,535 2,338,147
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 11,599,995 13,257,955
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 3,383,088 3,460,945
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 4,133,499 4,447,160
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet76,158    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 3,925,475 4,839,242
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 11,442,062 12,747,347
19 Revenue less expenses. Subtract line 18 from line 12....... 157,933 510,608
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 67,744,934 69,327,986
21 Total liabilities (Part X, line 26)............. 15,553,674 18,102,114
22 Net assets or fund balances. Subtract line 21 from line 20..... 52,191,260 51,225,872
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2014)
Form 990 (2014)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: THE COUNCIL OF INDEPENDENT COLLEGES IS AN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES WORKING TOGETHER TO SUPPORT COLLEGE LEADERSHIP, ADVANCE INSTITUTIONAL EXCELLENCE, AND ENHANCE PRIVATE HIGHER EDUCATION'S CONTRIBUTIONS TO SOCIETY. TO FULFILL ITS MISSION, THE COUNCIL OF INDEPENDENT COLLEGES PROVIDES IDEAS, RESOURCES, AND SERVICES THAT ASSIST INSTITUTIONS IN IMPROVING LEADERSHIP EXPERTISE, EDUCATIONAL PROGRAMS, ADMINISTRATIVE AND FINANCIAL PERFORMANCE, AND INSTITUTIONAL VISIBILITY.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 5,886,944 including grants of $ 3,426,997 ) (Revenue $ 383,398 )
INSTITUTIONAL DEVELOPMENT PROGRAMS AND SERVICESCIC'S PROJECTS, PROGRAMS, AND SERVICES PROVIDE OPPORTUNITIES FOR PROGRAM DEVELOPMENT AND INSTITUTIONAL IMPROVEMENT IN KEY AREAS, LEADERSHIP DEVELOPMENT FOR SENIOR CAMPUS STAFF, AND FACULTY DEVELOPMENT WORKSHOPS. AMONG THE MAIN INSTITUTIONAL IMPROVEMENTS PROGRAMS ARE: THE PROJECT ON THE FUTURE OF INDEPENDENT HIGHER EDUCATION THAT, THROUGH RESEARCH PROJECTS AND STEERING COMMITTEE GUIDANCE, EXPLORES NEW COLLEGE BUSINESS MODELS AND POTENTIALLY DISRUPTIVE CHANGES TO AMERICAN SOCIETY AND EDUCATION TOGETHER WITH THE DISTINCTIVE CHARACTERISTICS AND MISSIONS OF INDEPENDENT COLLEGES. A CONSORTIUM ON DIGITAL RESOURCES FOR TEACHING AND RESEARCH PROVIDES ACCESS A MEANS TO ORGANIZE, PRESERVE, AND SHARE UNIQUE COLLECTIONS OF DIGITAL TEACHING AND RESEARCH ARTIFACTS. THE CONSORTIUM FOR ONLINE HUMANITIES INSTRUCTION THAT ALLOWS CAMPUS TEAMS TO ASSESS THE EFFECTIVENESS OF ONLINE TEACHING IN UPPER-LEVEL HUMANITIES COURSES AT LIBERAL ARTS COLLEGES. SEVERAL PROGRAMS WITHIN THE NETWORK FOR VOCATION IN UNDERGRADUATE EDUCATION TO DEEPEN AND BROADEN THE THEOLOGICAL EXPLORATION OF VOCATION. STATE FUND MEMBER PROGRAMS THAT PROVIDE PROGRAM DEVELOPMENT GRANT SUPPORT TO STATE FUNDRAISING CONSORTIA OF INDEPENDENT COLLEGES AND UNIVERSITIES AS WELL AS CONSULTING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES THROUGH CONFERENCES AND BEST PRACTICES WORKSHOPS FOR CONSORTIA EXECUTIVES. SEMINARS ON TEACHING INTERFAITH UNDERSTANDING TO HELP FACULTY MEMBERS ENGAGE INTERFAITH ISSUES IN THE CLASSROOM AND REACH A BROAD UNDERSTANDING OF WHAT STUDENTS IN INTERFAITH PROGRAMS SHOULD KNOW.
4b (Code:   ) (Expenses $ 1,681,605 including grants of $ 21,000 ) (Revenue $ 961,028 )
CONFERENCES AND OTHER EVENTSCIC'S CONFERENCES AND OTHER EVENTS PROVIDE WITH OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT AND PERSONAL RENEWAL TO CAMPUS LEADERS AND ON SELECTED, CRITICAL CAMPUS ISSUES FOR OTHER ADMINISTRATORS. PARTICIPANTS IN THE 35TH PRESIDENTS INSTITUTE, THE LARGEST GATHERING OF COLLEGE AND UNIVERSITY PRESIDENTS IN THE COUNTRY, EXPLORED THE THEME "POWER OF INDEPENDENT COLLEGES: BETTER EDUCATION, BETTER OUTCOMES." THE 42ND INSTITUTE FOR CHIEF ACADEMIC OFFICERS TO WHICH CHIEF FINANCIAL OFFICERS WERE INVITED, OFFERED A PROGRAM UNDER THE THEME "FOSTERING CAO-CFO PARTNERSHIPS FOR INTUITIONAL SUCCESS" FOCUSED ON STRATEGIES FOR COLLABORATION BETWEEN THOSE TWO CAMPUS LEADERS TO HELP THEIR INSTITUTIONS STRENGTHEN THE PATHWAYS FOR STUDENTS' SUCCESS. THE 29TH COLLEGE MEDIA CONFERENCE PROVIDED OPPORTUNITIES FOR INDEPENDENT AND PUBLIC CAMPUS PUBLIC RELATIONS OFFICERS TO EXPLORE THE THEME "NEW MEDIA, INNOVATIVE STRATEGIES, IMPORTANT CONNECTIONS" WITH JOURNALIST FROM A BROAD RANGE OF MEDIA ORGANIZATIONS. THE ANNUAL CONVERSATION BETWEEN FOUNDATION OFFICERS AND COLLEGE AND UNIVERSITY PRESIDENTS PROVIDES OPPORTUNITIES FOR PRESIDENTS AND FOUNDATION OFFICERS TO DISCUSS TOPICS OF EMERGING IMPORTANCE FOR PRIVATE COLLEGES AND UNIVERSITIES. AN ANNUAL CONFERENCE FOR EXECUTIVES OF CIC'S STATE FUND MEMBERS FOCUSES ON EMERGING TRENDS IN THE NEEDS, WORK, AND MISSION OF PRIVATE COLLEGE FUNDRAISING CONSORTIA.
4c (Code:   ) (Expenses $ 716,560 including grants of $ 2,948 ) (Revenue $ 253,985 )
LEADERSHIP DEVELOPMENT PROGRAMSLEADERSHIP DEVELOPMENT PROGRAMS INCLUDE THE PRESIDENTIAL VOCATION AND INSTITUTIONAL MISSION PROGRAM TO HELP PRESIDENTS AND PROSPECTIVE PRESIDENTS ALIGN THEIR PERSONAL SENSE OF CALLING WITH THE MISSIONS OF THE INSTITUTIONS THAT THEY LEAD OR WILL CONSIDER LEADING. A PROGRAM FOR COLLEGE PRESIDENTS IN THEIR FIRST OR SECOND YEAR-AND CONCURRENTLY A PROGRAM FOR THEIR SPOUSES OR PARTNERS-THAT ADDRESSES THE PRACTICAL NEEDS AND STRATEGIC QUESTIONS FOR SUCCESS AS LEADERS OF INDEPENDENT COLLEGES AND UNIVERSITIES. THE PRESIDENTS GOVERNANCE ACADEMY TO HELP PRESIDENTS RESPOND EFFECTIVELY TO TODAY'S CHALLENGES WHILE STRENGTHENING THE GOVERNANCE OF THEIR INSTITUTIONS. THE EXECUTIVE LEADERSHIP ACADEMY THAT THAT PREPARES EXPERIENCED VICE PRESIDENTS AND OTHER CABINET-LEVEL ADMINISTRATORS OF ALL DIVISIONS OF A COLLEGE OR UNIVERSITY TO SERVE AS EFFECTIVE COLLEGE PRESIDENTS. THE SENIOR LEADERSHIP ACADEMY THAT PREPARES COLLEGE AND UNIVERSITY LEADERS IN MID-LEVEL POSITIONS TO MOVE INTO VICE PRESIDENCIES AND EVENTUALLY PRESIDENCIES. AN ANNUAL SERIES OF WORKSHOPS FOR DEPARTMENT AND DIVISION CHAIRS FOR NEW AND EXPERIENCED ADMINISTRATORS.TEACHING STRATEGY-ORIENTED DEVELOPMENT SEMINARS ARE OFFERED FOR NON-SPECIALIST FACULTY ON TOPICS IN AMERICAN HISTORY, ART HISTORY, AND CLASSICAL STUDIES.
(Code:   ) (Expenses $ 1,345,193 including grants of $ 10,000 ) (Revenue $ 182,904 )
4d Other program services (Describe in Schedule O.)
(Expenses $ 1,345,193 including grants of $ 10,000 ) (Revenue $ 182,904 )
4e Total program service expensesMediumBullet9,630,302
Form 990 (2014)
Form 990 (2014)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II........
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part III............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2014)
Form 990 (2014)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I....
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2014)
Form 990 (2014)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
138
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
29
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If "Yes," did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2014)
Form 990 (2014)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
36
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
35
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletCINDY PAGE

ONE DUPONT CIRCLE NW
WASHINGTON,DC20036 (202) 466-7230
Form 990 (2014)
Form 990 (2014)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) CHRISTOPHER W KIMBALL........................................................................
CHAIR
 2.00
.......................   		X   X       0 0 0
(2) THOMAS HELLIE........................................................................
VC FOR PROGRAMS
 2.00
.......................   		X           0 0 0
(3) TONY ARETZ........................................................................
SECRETARY & VC FOR MEMBERS
 2.00
.......................   		X   X       0 0 0
(4) WILLIAM T LUCKEY........................................................................
TREASURER
 2.00
.......................   		X   X       0 0 0
(5) MARJORIE HASS........................................................................
VC FOR RESOURCE DEVELOPMENT
 2.00
.......................   		X           0 0 0
(6) MICHELE PERKINS........................................................................
VC FOR PUBLIC INFORMATION
 2.00
.......................   		X           0 0 0
(7) KURT KUEHN........................................................................
VC FOR INVESTMENT
 2.00
.......................   		X           0 0 0
(8) GEORGE E MARTIN........................................................................
PAST CHAIR
 2.00
.......................   		X           0 0 0
(9) WILLIAM T ABARE........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(10) RICHARD B ARTMAN........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(11) DAVID L BECKLEY........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(12) JENNIFER L BRAATEN........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(13) NANCY J CABLE........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(14) CHRISTINA R CUTLIP........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(15) LARRY L EARVIN........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(16) ROBERT A GERVASI........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(17) MICHAEL GILLIGAN........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
Form 990 (2014)
Form 990 (2014)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) PAMELA J GUNTER-SMITH........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(19) BILLY C HAWKINS........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(20) ROBERT C HELMER........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(21) DAVID G HORNER........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(22) ROBERT R LINDGREN........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(23) MICHAEL LOMAX........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(24) JUAN OLIVAREZ........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(25) JEROLD PANAS........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(26) LYNN PASQUERELLA........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(27) M LEE PELTON........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(28) FRED P PESTELLO........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(29) KIM PHIPPS........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(30) KENNETH P RUSCIO........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(31) LISA MARSH RYERSON........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(32) BECK A TAYLOR........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(33) A HOPE WILLIAMS........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(34) JB WILSON........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(35) CYNTHIA ZANE........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(36) RICHARD EKMAN........................................................................
EX OFFICIO AND PRESIDENT
 35.00
.......................   		X   X       573,142 0 178,345
(37) BARBARA HETRICK........................................................................
SENIOR VICE PRESIDENT
 35.00
.......................   		      X     201,989 0 38,981
(38) EDWARD MOORE........................................................................
EXEC DIRECTOR FIHE/VP CIC
 35.00
.......................   		      X     200,537 0 38,459
(39) HAROLD V HARTLEY III........................................................................
SENIOR VICE PRESIDENT
 35.00
.......................   		      X     201,292 0 39,395
(40) CHRISTOPH KUNKEL........................................................................
VP FOR OPERATIONS
 35.00
.......................   		        X   176,098 0 23,739
(41) LAURA A WILCOX........................................................................
VP FOR COMMUNICATIONS
 35.00
.......................   		        X   156,529 0 39,059
(42) KATHERINE M WHATLEY........................................................................
VP OF ANNUAL PROGRAMS
 35.00
.......................   		        X   168,812 0 36,076
(43) CYNTHIA D PAGE........................................................................
DIRECTOR OF FINANCE
 35.00
.......................   		    X       138,819 0 32,381
(44) ALLISON BLACKBURN........................................................................
DIRECTOR OF CONFERENCES
 35.00
.......................   		        X   119,829 0 23,205
(45) STEPHEN GIBSON........................................................................
DIRECTOR OF PROGRAMS
 35.00
.......................   		        X   103,074 0 27,258
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 2,040,121 0 476,898
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet11
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet0
Form 990 (2014)
Form 990 (2014)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b 3,878,974
c Fundraising events....1c  
d Related organizations...1d 100,000
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		5,159,519
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 9,138,493
Program Service RevenueAmt Business Code
2a REGISTRATION FEES 900099 1,596,216 1,596,216    
b TUITION EXCHANGE FEES 900099 149,425 149,425    
c CONSULTING FEES 900099 31,480 31,480    
d PUBLICATION SALES & OTHER 900099 4,194 4,194    
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 1,781,315
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 1,582,933   7,404 1,575,529
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties...........MediumBullet        
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7,967,218  
b Less: cost or other basis and sales expenses 7,212,004  
c Gain or (loss) 755,214  
d Net gain or (loss)..........MediumBullet 755,214     755,214
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet  
12 Total revenue. See Instructions......MediumBullet 13,257,955 1,781,315 7,404 2,330,743
Form 990 (2014)
Form 990 (2014)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 3,460,945 3,460,945
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ....    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............    
4 Benefits paid to or for members ....    
5 Compensation of current officers, directors, trustees, and key employees .... 2,627,463 1,337,604 1,249,507 40,352
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages .... 1,268,901 683,462 564,827 20,612
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 121,934 70,988 48,770 2,176
9 Other employee benefits ....... 224,533 130,719 89,807 4,007
10 Payroll taxes ........... 204,329 118,957 81,725 3,647
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 18,032   18,032  
c Accounting ........... 43,601 5,211 38,390  
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 189,711   189,711  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) .... 1,190,551 1,181,498 9,053  
12 Advertising and promotion .... 35,421 32,038 3,383  
13 Office expenses ....... 339,930 146,472 192,772 686
14 Information technology ...... 66,308 32,375 33,933  
15 Royalties ..        
16 Occupancy ........... 383,021 44,997 338,024  
17 Travel ............ 341,233 318,239 18,808 4,186
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 1,824,127 1,807,594 16,533  
20 Interest ........... 1,596   1,596  
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 137,436 16,483 120,953  
23 Insurance .............. 18,804 2,256 16,548  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a PRINTING & DUPLICATING 217,971 217,265 573 133
b DUES & SUBSCRIPTIONS 14,302 3,253 10,690 359
c CONTRIBUTIONS 7,200   7,200  
d AWARDS 6,181 6,147 34  
e All other expenses 3,817 13,799 -9,982  
25 Total functional expenses. Add lines 1 through 24e 12,747,347 9,630,302 3,040,887 76,158
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2014)
Form 990 (2014)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ............. 244,980 1 276,218
2 Savings and temporary cash investments ......... 17,233,516 2 20,158,300
3 Pledges and grants receivable, net ........... 300,000 3 441,000
4 Accounts receivable, net ............. 51,222 4 109,891
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges .......... 154,844 9 146,245
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,520,440
b Less: accumulated depreciation ..... 10b 1,241,119 360,931 10c 279,321
11 Investments—publicly traded securities .......... 38,540,791 11 36,306,894
12 Investments—other securities. See Part IV, line 11 ..... 10,593,789 12 11,303,233
13 Investments—program-related. See Part IV, line 11 .....   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 264,861 15 306,884
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 67,744,934 16 69,327,986
Liabilities 17 Accounts payable and accrued expenses ......... 412,677 17 342,789
18 Grants payable .................   18  
19 Deferred revenue ................ 14,513,317 19 16,956,497
20 Tax-exempt bond liabilities .............   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties .... 12,475 24 8,540
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 615,205 25 794,288
26 Total liabilities. Add lines 17 through 25......... 15,553,674 26 18,102,114
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 9,082,500 27 9,159,550
28 Temporarily restricted net assets ........... 38,873,720 28 37,831,282
29 Permanently restricted net assets ........... 4,235,040 29 4,235,040
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 52,191,260 33 51,225,872
34 Total liabilities and net assets/fund balances ........ 67,744,934 34 69,327,986
Form 990 (2014)
Form 990 (2014)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
13,257,955
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
12,747,347
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
510,608
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
52,191,260
5
Net unrealized gains (losses) on investments ...............
5
-1,665,707
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
189,711
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
51,225,872
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? .................
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2014)
Form 990 (2014)
Page 13
Form 990, Special Condition Description:
Special Condition Description
Form 990 (2014)
Form 990 (2014)
Page 14
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
COUNCIL OF INDEPENDENT COLLEGES
 
Employer identification number

01-6004776
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
a
b
c
d
e
f
Enter the number of supported organizations .............................  
g
Provide the following information about the supported organization(s).
(i)Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total    

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..  
6 Public support. Subtract line 5 from line 4.  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..            
11 Total support Add lines 7 through 10.  
12
12
 
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 43,933,409 6,834,946 7,528,784 8,141,325 9,138,493 75,576,957
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... 1,617,265 1,585,267 1,622,755 1,727,135 1,781,315 8,333,737
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5. 45,550,674 8,420,213 9,151,539 9,868,460 10,919,808 83,910,694
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...           0
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.           0
c Add lines 7a and 7b..           0
8 Public support (Subtract line 7c from line 6.) 83,910,694
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
9 Amounts from line 6... 45,550,674 8,420,213 9,151,539 9,868,460 10,919,808 83,910,694
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 726,429 952,359 966,717 1,285,428 1,582,933 5,513,866
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b. 726,429 952,359 966,717 1,285,428 1,582,933 5,513,866
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.).. 46,277,103 9,372,572 10,118,256 11,153,888 12,502,741 89,424,560
14
Section C. Computation of Public Support Percentage
15
15
93.830 %
16
16
95.100 %
Section D. Computation of Investment Income Percentage
17
17
6.170 %
18
18
4.900 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 5
Part IV
Supporting Organizations (continued)

Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 6
Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1.   Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors (explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    

Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7   Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 7
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2014 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  

Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2014 		(iii)
Distributable
Amount for 2014
1 Distributable amount for 2014 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2014
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2014 distributable amount  
i Carryover from 2009 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2014 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2014 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2014, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2014. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2015. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......  
e From 2014.......  
Schedule A (Form 990 or 990-EZ) (2014)
Schedule A (Form 990 or 990-EZ) 2014
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990 or 990-EZ) 2014

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Name of the organization
COUNCIL OF INDEPENDENT COLLEGES
 
Employer identification number

01-6004776
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 2
Name of organization
COUNCIL OF INDEPENDENT COLLEGES
  		Employer identification number

01-6004776
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 

   
 
 
  ,    

$RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 3
Name of organization
COUNCIL OF INDEPENDENT COLLEGES
  		Employer identification number

01-6004776
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 4
Name of organization
COUNCIL OF INDEPENDENT COLLEGES
  		Employer identification number

01-6004776
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
COUNCIL OF INDEPENDENT COLLEGES
 
Employer identification number

01-6004776
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 42,760,760 38,490,486 36,421,750 39,379,879  
b Contributions ........         36,180,692
c Net investment earnings, gains, and losses 830,721 6,216,423 4,071,765 -1,133,824 3,400,150
d Grants or scholarships ..... 2,070,875 1,842,133 1,909,100 1,725,850 130,223
e Other expenditures for facilities
and programs ........ 		         
f Administrative expenses .... 105,643 104,016 93,929 98,455 70,740
g End of year balance ...... 41,414,963 42,760,760 38,490,486 36,421,750 39,379,879
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet10.000 %
c
Temporarily restricted endowment SchDMd Bullet90.000 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............   611,730 496,671 115,059
d Equipment ................   908,710 744,448 164,262
e Other .................        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 279,321
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) DIVERSIFIED MULTI STRATEGY - PRIVATE 		6,562,007 F

(B) PRIVATE EQUITY 		4,741,226 F







Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 11,303,233
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes  
RETIREMENT ANNUITY CONTRACTS 304,835
DEFERRED COMPENSATION PAYABLE 489,453







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 794,288
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 11,592,248
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a -1,665,707
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e -1,665,707
3 Subtract line 2e from line 1..................... 3 13,257,955
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 13,257,955
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 12,557,636
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d...................... 2e 0
3 Subtract line 2e from line 1..................... 3 12,557,636
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 189,711
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c 189,711
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 12,747,347
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART V, LINE 4: AS OF JUNE 30, 2015, THE CIC STATE FUND ENDOWMENT HAD A DIVERSIFIED PORTFOLIO VALUED AT OVER $40 MILLION. GRANT AND SCHOLARSHIP PROGRAMS IN SUPPORT OF CIC STATE FUND MEMBER AND THEIR MEMBER COLLEGES AND UNIVERSITIES ARE FUNDED THROUGH A DRAWDOWN FROM THE ENDOWMENT. SINCE ITS IMPLEMENTATION IN 1985, THE UPS SCHOLARSHIP PROGRAM HAS BEEN A CORE INITIATIVE OF FIRST FIHE AND NOW CIC. THROUGH ITS ENDOWMENT, FIHE AND CIC HAVE BEEN ABLE TO AWARD OVER $50 MILLION IN SCHOLARSHIP GRANTS TO DESERVING STUDENTS AT INDEPENDENT COLLEGES ACROSS THE COUNTRY. THE SCHOLARSHIPS ARE GIVEN IN THE NAME OF UNITED PARCEL SERVICE (UPS), WHOSE CONTINUING SUPPORT HAS BEEN CRITICAL TO THE GROWTH AND DEVELOPMENT OF THE NETWORK OF STATE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES. FOR THE 2014-2015 MEMBERSHIP YEAR, CIC AWARDED UPS SCHOLARSHIPS TOTALING OVER $1.48 MILLION TO STATE FUND MEMBERS, PROVIDING FINANCIAL AID TO 613 STUDENTS NATIONWIDE. THE ENDOWMENT ALSO FUNDS GRANT PROGRAMS AND PROFESSIONAL DEVELOPMENT PROGRAMS SUPPORTING STATE FUND MEMBERS. GRANT PROGRAMS SUPPORTING STATE FUND MEMBERS INCLUDE SCHOLARSHIP CHALLENGE GRANTS (RECIPIENTS WILL RAISE MATCHING FUNDS FOR THEIR INDIVIDUAL SCHOLARSHIP CAMPAIGNS); NATIONAL VENTURE FUND GRANTS (DEDICATED TO PROGRAMS BENEFITTING MEMBER COLLEGES COLLABORATING ON A PROJECT TO ADDRESS AN ISSUE OF MUTUAL INTEREST); FIRST OPPORTUNITY PARTNERS GRANTS (DEDICATED TO PROGRAMS BENEFITTING FIRST GENERATION, MINORITY, OR LOW INCOME STUDENTS); AND THE CAPACITY-BUILDING GRANTS (PROVIDING SEED MONEY FOR INITIATIVES THAT ENHANCE THE STATE FUNDS ABILITY TO RAISE NEW MONEY TO BENEFIT THEIR MEMBER COLLEGES).
PART X, LINE 2: IN JUNE 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED FASB ASC NO. 740-10 [FORMERLY INTERPRETATION NO. 48 (FIN 48)], ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH IS AN INTERPRETATION OF ASC 740'S (FORMERLY SFAS NO. 109), ACCOUNTING FOR INCOME TAXES. FASB ASC NO. 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN COUNCIL OF INDEPENDENT COLLEGE'S FINANCIAL STATEMENTS IN ACCORDANCE WITH ASC 740'S AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC NO. 740-10 REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE COUNCIL OF INDEPENDENT COLLEGE'S TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS HAVE A "MORE-LIKELY-THAN-NOT" PROBABILITY OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE COUNCIL OF INDEPENDENT COLLEGES PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2015, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2015, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2011 THROUGH 2013 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE COUNCIL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2015, THE COUNCIL HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
Schedule D (Form 990) 2014

Additional Data


Software ID:  
Software Version:  




Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
COUNCIL OF INDEPENDENT COLLEGES
 
Employer identification number
01-6004776
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) ALABAMA ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES
5950 CARMICHAEL PLACE SUITE 213
MONTGOMERY,AL361172347 		63-0422143 501(C)(3) 33,950       UPS SCHOLARSHIPS
(2) ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES
ONE RIVERFRONT PLACE SUITE 610
NORTH LITTLE ROCK,AR72114 		71-0266514 501(C)(3) 5,000       CAPACITY BUILDING GRANT
(3) ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES
ONE RIVERFRONT PLACE SUITE 610
NORTH LITTLE ROCK,AR72114 		71-0266514 501(C)(3) 26,675       UPS SCHOLARSHIPS
(4) ASHLAND UNIVERSITY
401 COLLEGE AVENUE
ASHLAND,OH44805 		34-0714828 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(5) ASSOCIATED COLLEGES OF ILLINOIS
70 E LAKE STREETSUITE 1418
CHICAGO,IL60601 		36-2252360 501(C)(3) 8,000       FIRST OPPORTUNITY PARTNERS FUND
(6) ASSOCIATED COLLEGES OF ILLINOIS
70 E LAKE STREET SUITE 1418
CHICAGO,IL60601 		36-2252360 501(C)(3) 55,775       UPS SCHOLARSHIPS
(7) ASSOCIATED COLLEGES OF ILLINOIS
70 E LAKE STREET SUITE 1418
CHICAGO,IL60601 		36-2252360 501(C)(3) 3,500       NAMED SCHOLARSHIP GRANT
(8) ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PENNSYLVANIA
101 NORTH FRONT STREET
HARRISBURG,PA171011404 		25-1666617 501(C)(3) 5,500       NATIONAL VENTURE FUND
(9) ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PENNSYLVANIA
101 NORTH FRONT STREET
HARRISBURG,PA171011404 		25-1666617 501(C)(3) 203,700       UPS SCHOLARSHIPS
(10) ASSOCIATION OF INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES
484 CHENAULT ROAD
FRANKFORT,KY40601 		61-0469277 501(C)(3) 46,075       UPS SCHOLLARSHIPS
(11) ASSOCIATION OF INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES
484 CHENAULT ROAD
FRANKFORT,KY40601 		61-0469277 501(C)(3) 25,000       SCHOLARSHIP CHALLENGE GRANT
(12) AUGUSTANA UNIVERSITY
2001 S SUMMIT AVE
SIOUX FALLS,SD57197 		46-0224588 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(13) AUGUSTANA UNIVERSITY
2001 S SUMMIT AVE
SIOUX FALLS,SD57197 		46-0224588 501(C)(3) 10,000       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(14) AURORA UNIVERSITY
347 S GLADSTONE AVE
AURORA,IL605065281 		36-2166964 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(15) AVILA UNIVERSITY
11901 WORNALL ROAD
KANSAS CITY,MO641459990 		44-0617326 501(C)(3) 8,200       NETVUE REGIONAL GATHERING GRANT
(16) BARTON COLLEGE
BOX 5000
WILSON,NC278937000 		56-0529933 501(C)(3) 18,350       NETVUE PROGRAM DEVELOPMENT GRANT
(17) BELLARMINE UNIVERSITY
2001 NEWBURG ROAD
LOUISVILLE,KY40205 		61-0482955 501(C)(3) 23,316       NETVUE PROGRAM DEVELOPMENT GRANT
(18) BENEDICTINE UNIVERSITY
5700 COLLEGE ROAD
LISLE,IL60532 		36-2722198 501(C)(3) 24,840       NETVUE PROGRAM DEVELOPMENT GRANT
(19) BLACKBURN COLLEGE
700 COLLEGE AVE
CARLINVILLE,IL62626 		37-0661491 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(20) CAPITAL UNIVERSITY
1 COLLEGE AND MAIN
COLUMBUS,OH432092394 		31-4379435 501(C)(3) 21,400       NETVUE PROGRAM DEVELOPMENT GRANT
(21) CARROLL UNIVERSITY
100 NORTH EAST AVENUE
WAUKESHA,WI53186 		39-0806325 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(22) CENTENARY COLLEGE OF LOUISIANA
2911 CENTENARY BLVD
SHEVEPORT,LA71104 		72-0408915 501(C)(3) 16,720       NETVUE PROGRAM DEVELOPMENT GRANT
(23) MOUNT ST JOSEPH UNIVERSITY
5701 DELHI ROAD
CINCINNATI,OH45233 		23-7179567 501(C)(3) 22,000       NETVUE PROGRAM DEVELOPMENT GRANT
(24) CONCORDIA UNIVERSITY CHICAGO
7400 AUGUSTA STREET
RIVER FOREST,IL603051499 		36-2191242 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(25) DAVIS & ELKINS COLLEGE
100 CAMPUS DRIVE
ELKINS,WV26241 		55-0357021 501(C)(3) 24,470       NETVUE PROGRAM DEVELOPMENT GRANT
(26) ERSKINE COLLEGE
PO BOX 338
DUE WEST,SC29639 		57-0314390 501(C)(3) 16,350       NETVUE PROGRAM DEVELOPMENT GRANT
(27) EUREKA COLLEGE
300 EAST COLLEGE AVENUE
EUREKA,IL615301500 		37-0673484 501(C)(3) 23,125       NETVUE PROGRAM DEVELOPMENT GRANT
(28) FAIRFIELD UNIVERSITY
1073 NORTH BENSON ROAD
FAIRFIELD,CT06824 		06-0646623 501(C)(3) 10,000       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(29) FERRUM COLLEGE
PO BOX 1000
FERRUM,VA240889001 		54-0506457 501(C)(3) 10,000       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(30) FINLANDIA UNIVERSITY
601 QUINCY STREET
HANCOCK,MI49930 		38-1359570 501(C)(3) 24,870       NETVUE PROGRAM DEVELOPMENT GRANT
(31) FLORIDA INDEPENDENT COLLEGE FUND
542 EAST PARK AVENUE
TALLAHASSEE,FL32301 		59-1919098 501(C)(3) 75,175       UPS SCHOLARSHIPS
(32) GEORGIA INDEPENDENT COLLEGE ASSOCIATION
ONE GEORGIA CENTER SUITE 1510
ATLANTA,GA30308 		58-0684740 501(C)(3) 63,050       UPS SCHOLARSHIPS
(33) GEORGIA INDEPENDENT COLLEGE ASSOCIATION
ONE GEORGIA CENTER SUITE 1510
ATLANTA,GA30308 		58-0684740 501(C)(3) 5,000       NAMED SCHOLARSHIP GRANT
(34) GREENVILLE COLLEGE
315 EAST COLLEGE AVENUE PO BOX 159
GREENVILLE,IL622460159 		37-0681530 501(C)(3) 24,850       NETVUE PROGRAM DEVELOPMENT GRANT
(35) HAMPDEN-SYDNEY COLLEGE
PO BOX 127
HAMPDENSYDNEY,VA23943 		54-0505906 501(C)(3) 17,475       NETVUE PROGRAM DEVELOPMENT GRANT
(36) HENDRIX COLLEGE
1600 WASHINGTON AVENUE
CONWAY,AR72032 		71-0236897 501(C)(3) 10,000       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(37) HIRAM COLLEGE
PO BOX 67 11694 HAYDEN ST
HIRAM,OH44234 		34-0714670 501(C)(3) 20,850       NETVUE PROGRAM DEVELOPMENT GRANT
(38) HOLY CROSS COLLEGE
54515 STATE ROAD 993 N PO BOX 308
NOTRE DAME,IN465560308 		35-1148835 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(39) HOPE COLLEGE
PO BOX 9000
HOLLAND,MI494229000 		38-1381271 501(C)(3) 9,989       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(40) HOUGHTON COLLEGE
1 WILLARD AVENUE
HOUGHTON,NY147440128 		16-0743045 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(41) ILLINOIS COLLEGE
1101 WEST COLLEGE AVENUE
JACKSONVILLE,IL626502299 		37-0661211 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(42) INDEPENDENT COLLEGE FUND OF MARYLAND
3225 ELLERSLIE AVENUE SUITE C160
BALTIMORE,MD212183519 		52-0692469 501(C)(3) 24,250       UPS SCHOLARSHIPS
(43) INDEPENDENT COLLEGE FUND OF MARYLAND
3225 ELLERSLIE AVENUE SUITE C160
BALTIMORE,MD212183519 		52-0692469 501(C)(3) 5,000       CAPACITY BUILDING GRANT
(44) INDEPENDENT COLLEGE FUND OF NEW JERSEY
797 SPRINGFIELD AVENUE
SUMMIT,NJ079015109 		22-1551931 501(C)(3) 25,000       SCHOLARSHIP CHALLENGE GRANT
(45) INDEPENDENT COLLEGE FUND OF NEW JERSEY
797 SPRINGFIELD AVENUE
SUMMIT,NJ079015109 		22-1551931 501(C)(3) 33,950       UPS SCHOLARSHIPS
(46) INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS
PO BOX 13105
AUSTIN,TX787113105 		75-1540769 501(C)(3) 84,875       UPS SCHOLARSHIPS
(47) INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS
PO BOX 13105
AUSTIN,TX787113105 		75-1540769 501(C)(3) 25,000       FIRST OPPORTUNITY PARTNERS FUND
(48) INDEPENDENT COLLEGES AND UNIVERSITIES OF TEXAS
PO BOX 13105
AUSTIN,TX787113105 		75-1540769 501(C)(3) 5,000       CAPACITY BUILDING GRANT
(49) INDEPENDENT COLLEGES OF INDIANA INC
3135 NORTH MERIDIAN STREET
INDIANAPOLIS,IN462084717 		31-0901001 501(C)(3) 75,175       UPS SCHOLARSHIPS
(50) INDEPENDENT COLLEGES OF WASHINGTON
600 STEWART STREET SUITE 600
SEATTLE,WA981011268 		91-0614877 501(C)(3) 21,869       FIRST OPPORTUNITY PARTNERS FUND
(51) INDEPENDENT COLLEGES OF WASHINGTON
600 STEWART STREET SUITE 600
SEATTLE,WA981011268 		91-0614877 501(C)(3) 24,250       UPS SCHOLARSHIPS
(52) INDEPENDENT HIGHER EDUCATION OF COLORADO FUND
1177 GRANT STREET 102
DENVER,CO80203 		72-6028332 501(C)(3) 7,275       UPS SCHOLARSHIPS
(53) IOWA COLLEGE FOUNDATION
505 FIFTH AVENUE SUITE 1034
DES MOINES,IA503092315 		42-0745995 501(C)(3) 55,775       UPS SCHOLARSHIPS
(54) IOWA COLLEGE FOUNDATION
505 FIFTH AVENUE SUITE 1034
DES MOINES,IA503092315 		42-0745995 501(C)(3) 5,000       NAMED SCHOLARSHIP GRANT
(55) JOHN CARROLL UNIVERSITY
1 JOHN CARROLL BLVD
UNIVERSITY HEIGHTS,OH441184581 		34-0714681 501(C)(3) 22,113       NETVUE PROGRAM DEVELOPMENT GRANT
(56) KANSAS INDEPENDENT COLLEGE FUND
700 SOUTH KANSAS AVE SUITE 511
TOPEKA,KS666033823 		48-0636041 501(C)(3) 43,650       UPS SCHOLARSHIPS
(57) KING UNIVERSITY
1350 KING COLLEGE ROAD
BRISTOL,TN37620 		58-1363100 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(58) LAGRANGE COLLEGE
601 BROAD STREET
LAGRANGE,GA302402999 		58-0566199 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(59) LE MOYNE COLLEGE
1419 SALT SPRINGS RD
SYRACUSE,NY13214 		15-0545841 501(C)(3) 24,790       NETVUE PROGRAM DEVELOPMENT GRANT
(60) LORAS COLLEGE
1450 ALTA VISTA STREET
DUBUQUE,IA520040178 		42-0680412 501(C)(3) 24,500       NETVUE PROGRAM DEVELOPMENT GRANT
(61) LOUSIANA INDEPENDENT COLLEGE FOUNDATION
320 THIRD STREET
BATON ROUGE,LA708011307 		72-6028332 501(C)(3) 16,975       UPS SCHOLARSHIPS
(62) MANCHESTER UNIVERSITY
604 EAST COLLEGE AVENUE
NORTH MANCHESTER,IN46962 		38-0868127 501(C)(3) 10,000       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(63) MARIAN UNIVERSITY
3200 COLD SPRING ROAD
INDIANAPOLIS,IN46221 		35-0868175 501(C)(3) 10,000       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(64) MARYWOOD UNIVERSITY
2300 ADAMS AVENUE
SCRANTON,PA185091598 		24-0795453 501(C)(3) 19,750       NETVUE PROGRAM DEVELOPMENT GRANT
(65) MICHIGAN COLLEGES ALLIANCE
26555 EVERGREEN ROAD SUITE 870
SOUTHFIELD,MI480764239 		38-1332962 501(C)(3) 36,375       UPS SCHOLARSHIPS
(66) MICHIGAN COLLEGES ALLIANCE
26555 EVERGREEN ROAD SUITE 870
SOUTHFIELD,MI480764239 		38-1332962 501(C)(3) 5,000       NAMED SCHOLARSHIP GRANT
(67) MICHIGAN COLLEGES ALLIANCE
26555 EVERGREEN ROAD SUITE 870
SOUTHFIELD,MI480764239 		38-1332962 501(C)(3) 25,000       NATIONAL VENTURE FUND
(68) MICHIGAN COLLEGES ALLIANCE
26555 EVERGREEN ROAD SUITE 870
SOUTHFIELD,MI480764239 		38-1332962 501(C)(3) 5,000       CAPACITY BUILDING GRANT
(69) MINNESOTA PRIVATE COLLEGE FUND
445 MINNESOTA STREET SUITE 500
ST PAUL,MN551012903 		51-0166951 501(C)(3) 41,225       UPS SCHOLARSHIPS
(70) MISSOURI COLLEGES FUND INC
3401 WEST TRUMAN BLVD SUITE 202
JEFFERSON CITY,MO651096892 		43-0680952 501(C)(3) 41,225       UPS SCHOLARSHIPS
(71) MISSOURI COLLEGES FUND INC
3401 WEST TRUMAN BLVD SUITE 202
JEFFERSON CITY,MO651096892 		43-0680952 501(C)(3) 5,000       CAPACITY BUILDING GRANT
(72) MONMOUTH COLLEGE
700 E BROADWAY
MONMOUTH,IL61462 		37-0661228 501(C)(3) 23,480       NETVUE PROGRAM DEVELOPMENT GRANT
(73) NEBRASKA INDEPENDENT COLLEGE FUND INC
4940 SOUTH 114TH STREET SUITE 5
OMAHA,NE681372310 		47-0399855 501(C)(3) 21,825       UPS SCHOLARSHIPS
(74) NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES
530 N BLOUNT STREET
RALEIGH,NC276041120 		56-0775353 501(C)(3) 87,300       UPS SCHOLARSHIPS
(75) NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES
530 N BLOUNT STREET
RALEIGH,NC270641120 		56-0775353 501(C)(3) 25,000       FIRST OPPORTUNITY PARTNERS FUND
(76) NORTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES
530 N BLOUNT STREET
RALEIGH,NC270641120 		56-0775353 501(C)(3) 25,000       SCHOLARSHIP CHALLENGE GRANT
(77) NORTH CENTRAL COLLEGE
30 N BRAINARD ST
NAPERVILLE,IL60540 		36-2169157 501(C)(3) 24,978       NETVUE PROGRAM DEVELOPMENT GRANT
(78) NOTRE DAME COLLEGE
4545 COLLEGE RD
SOUTH EUCLID,OH44121 		34-0714689 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(79) OHIO FOUNDATION OF INDEPENDENT COLLEGES
250 EAST BROAD STREET SUITE 1700
COLUMBUS,OH432153722 		31-4441082 501(C)(3) 82,450       UPS SCHOLARSHIPS
(80) OHIO NORTHERN UNIVERSITY
525 SOUTH MAIN ST
ADA,OH45810 		34-4429091 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(81) OKLAHOMA INDEPENDENT COLLEGES AND UNIVERSITIES
PO BOX 57148
OKLAHOMA CITY,OK731577148 		73-0632937 501(C)(3) 26,675       UPS SCHOLARSHIPS
(82) OREGON ALLIANCE OF INDEPENDENT COLLEGES AND UNIVERSITIES
17600 PACIFIC HIGHWAY PO BOX 23
MARYLHURST,OR970360023 		93-0452083 501(C)(3) 26,675       UPS SCHOLARSHIPS
(83) OREGON ALLIANCE OF INDEPENDENT COLLEGES AND UNIVERSITIES
17600 PACIFIC HIGHWAY PO BOX 23
MARYLHURST,OR970360023 		93-0452083 501(C)(3) 25,000       FIRST OPPORTUNITY PARTNERS FUND
(84) OUR LADY OF THE LAKE COLLEGE
5414 BRITTANY DRIVE
BATON ROUGE,LA70808 		72-1173156 501(C)(3) 23,675       NETVUE PROGRAM DEVELOPMENT GRANT
(85) PALM BEACH ATLANTIC UNIVERSITY
PO BOX 24708 901 SOUTH FLAGER DRIVE
DRIVE
WEST PALM BEACH,FL334164708 		59-1092732 501(C)(3) 22,500       NETVUE PROGRAM DEVELOPMENT GRANT
(86) POINT LOMA NAZARENE UNIVERSITY
3900 LOMALAND DRIVE
SAN DIEGO,CA917116101 		95-1644035 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(87) PRESBYTERIAN COLLEGE
503 SOUTH BROAD STREET
CLINTON,SC293252865 		57-0314408 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(88) REGENT UNIVERSITY
1000 REGENT UNIVERSITY DR
VIRGINIA BEACH,VA234649800 		54-1061178 501(C)(3) 24,766       NETVUE PROGRAM DEVELOPMENT GRANT
(89) ROBERTS WESLEYAN COLLEGE
2301 WESTSIDE DRIVE
ROCHESTER,NY146241997 		16-0743126 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(90) SAINT PETER'S UNIVERSITY
2641 JOHN F KENNEDY BLVD
JERSEY CITY,NJ073065997 		22-1508627 501(C)(3) 22,895       NETVUE PROGRAM DEVELOPMENT GRANT
(91) SAMFORD UNIVERSITY
800 LAKESHORE DRIVE
BIRMINGHAM,AL35229 		63-0312914 501(C)(3) 10,000       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(92) SEATTLE PACIFIC UNIVERSITY
3307 THIRD AVENUE WEST SUITE 112
SEATTLE,WA981191922 		91-0565553 501(C)(3) 9,885       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(93) SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES
PO BOX 12007
COLUMBIA,SC28211 		57-0343998 501(C)(3) 36,375       UPS SCHOLARSHIPS
(94) SOUTH CAROLINA INDEPENDENT COLLEGES AND UNIVERSITIES
PO BOX 12007
COLUMBIA,SC28211 		57-0343998 501(C)(3) 25,000       SCHOLARSHIP CHALLENGE GRANT
(95) SOUTH DAKOTA FOUNDATION OF INDEPENDENT COLLEGES
1101 WEST 22ND STREET
SIOUX FALLS,SD57105 		46-6003958 501(C)(3) 12,125       UPS SCHOLARSHIPS
(96) SOUTHERN ADVENTIST UNIVERSITY
5010 UNIVERSITY DR PO BOX 370
COLLEGEDALE,TN373150370 		62-0536733 501(C)(3) 21,175       NETVUE PROGRAM DEVELOPMENT GRANT
(97) SOUTHWESTERN COLLEGE
100 COLLEGE STREET
WINFIELD,KS67156 		48-0543715 501(C)(3) 22,750       NETVUE PROGRAM DEVELOPMENT GRANT
(98) SPRING HILL COLLEGE
4000 DAUPHIN STREET
MOBILE,AL36608 		63-0302179 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(99) ST ANDREWS UNIVERSITY
1700 DOGWOOD MILE
LAURINBURG,NC283525598 		56-0530240 501(C)(3) 24,500       NETVUE PROGRAM DEVELOPMENT GRANT
(100) ST EDWARD'S UNIVERSITY
3001 SOUTH CONGRESS AVENUE
AUSTIN,TX787046489 		74-1109641 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(101) ST NORBERT COLLEGE
100 GRANT STREET
DE PERE,WI54115 		39-1399196 501(C)(3) 10,000       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(102) STILLMAN COLLEGE
PO BOX 1430
TUSCALOOSA,AL35403 		63-0315935 501(C)(3) 20,000       NETVUE PROGRAM DEVELOPMENT GRANT
(103) TAYLOR UNIVERSITY
236 W READE AVENUE
UPLAND,IN46989 		35-0868181 501(C)(3) 24,852       NETVUE PROGRAM DEVELOPMENT GRANT
(104) TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES
1031 17TH AVENUE SOUTH
NASHVILLE,TN37212 		62-1155139 501(C)(3) 82,450       UPS SCHOLARSHIPS
(105) UNIVERSITY OF DUBUQUE
2000 UNIVERSITY AVENUE
DUBUQUE,IA52001 		42-0680323 501(C)(3) 24,450       NETVUE PROGRAM DEVELOPMENT GRANT
(106) UNIVERSITY OF SAINT MARY
4100 S 4TH STREET
LEAVENWORTH,KS66048 		48-0547846 501(C)(3) 25,000       NETVUE PROGRAM DEVELOPMENT GRANT
(107) UNIVERSITY OF SCRANTON
800 LINDEN STREET
SCRANTON,PA185104633 		24-0795495 501(C)(3) 24,980       NETVUE PROGRAM DEVELOPMENT GRANT
(108) VALPARAISO UNIVERSITY THE LUTHERN UNIVERSITY ASSOCIATON INC
1700 CHAPEL DRIVE
VALPARAISO,IN46383 		35-0868125 501(C)(3) 10,000       NETVUE PROFESSIONAL DEVELOPMENT GRANT
(109) VIRGINIA FOUNDATION OF INDEPENDENT COLLEGES
8010 RIDGE ROAD SUITE B
RICHMOND,VA232297288 		54-0554396 501(C)(3) 30,000       FIRST OPPORTUNITY PARTNERS FUND
(110) VIRGINIA FOUNDATION OF INDEPENDENT COLLEGES
8010 RIDGE ROAD SUITE B
RICHMOND,VA232297288 		54-0554396 501(C)(3) 36,375       UPS SCHOLARSHIPS
(111) VIRGINIA FOUNDATION OF INDEPENDENT COLLEGES
8010 RIDGE ROAD SUITE B
RICHMOND,VA232297288 		54-0554396 501(C)(3) 30,000       NETVUE VENTURE FUND
(112) VIRGINIA FOUNDATION OF INDEPENDENT COLLEGES
8010 RIDGE ROAD SUITE B
RICHMOND,VA232297288 		54-0554396 501(C)(3) 25,000       NATIONAL VENTURE FUND
(113) WAGNER COLLEGE
ONE CAMPUS ROAD
STATEN ISLAND,NY10301 		13-5604699 501(C)(3) 23,500       NETVUE PROGAM DEVELOPMENT GRANT
(114) WESLEYAN COLLEGE
4760 FORSYTH ROAD
MACON,GA31210 		58-0593438 501(C)(3) 24,950       NETVUE PROGRAM DEVELOPMENT GRANT
(115) WEST VIRGINIA INDEPENDENT COLLEGES AND UNIVERSITIES
900 LEE STREET SUITE 910
CHARLESTON,WV25301 		55-0465880 501(C)(3) 19,400       UPS SCHOLARSHIPS
(116) WESTMONT COLLEGE
955 LA PAZ ROAD
SANTA BARBARA,CA931081089 		95-1684793 501(C)(3) 22,125       NETVUE PROGRAM DEVELOPMENT GRANT
(117) WHEATON COLLEGE
26 E MAIN STREET
NORTON,MA02766 		04-2103638 501(C)(3) 5,000       WATERBURY SCHOLARSHIP
(118) WHEATON COLLEGE
501 COLLEGE AVENUE
WHEATON,IL601875593 		36-2182171 501(C)(3) 24,981       NETVUE PROGRAM DEVELOPMENT GRANT
(119) WHITTENBERG UNIVERSITY
PO BOX 720
SPRINGFIELD,OH455010720 		31-0537177 501(C)(3) 21,940       NETVUE PROGRAM DEVELOPMENT GRANT
(120) WISCONSIN ASSN OF INDEPENDENT COLLEGES AND UNIVERSITIES
122 WEST WASHINGTON AVENUE SUITE
700
MADISON,WI537032723 		39-1039417 501(C)(3) 55,775       UPS SCHOLARSHIPS
(121) WISCONSIN ASSN OF INDEPENDENT COLLEGES AND UNIVERSITIES
122 WEST WASHINGTON AVENUE SUITE
700
MADISON,WI537032723 		39-1039417 501(C)(3) 5,000       NAMED SCHOLARSHIP GRANT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
 
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2014

Schedule I (Form 990) 2014
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance












Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
PART I, LINE 2: LARGER GRANTS ARE MONITORED THROUGH NARRATIVE AND FINANCIAL REPORTS DUE AT SPECIFIC TIMES DURING THE GRANT PERIOD. SMALLER TRAVEL GRANTS REQUIRE DOCUMENTATION OF EXPENDITURE FOR THE RELEASE OF THE GRANT FUNDS.
Schedule I (Form 990) 2014


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
COUNCIL OF INDEPENDENT COLLEGES
 
Employer identification number

01-6004776
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column(B) reported as deferred in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1RICHARD EKMANEX OFFICIO AND PRESIDENT (i)
(ii)		 571,923
...............................
0 		0
...............................
0 		1,219
...............................
0 		137,060
...............................
0 		41,285
...............................
0 		751,487
...............................
0 		0
...............................
0
2BARBARA HETRICKSENIOR VICE PRESIDENT (i)
(ii)		 196,770
...............................
0 		4,000
...............................
0 		1,219
...............................
0 		0
...............................
0 		38,981
...............................
0 		240,970
...............................
0 		0
...............................
0
3EDWARD MOOREEXEC DIRECTOR FIHE/VP CIC (i)
(ii)		 196,349
...............................
0 		3,000
...............................
0 		1,188
...............................
0 		0
...............................
0 		38,459
...............................
0 		238,996
...............................
0 		0
...............................
0
4HAROLD V HARTLEY IIISENIOR VICE PRESIDENT (i)
(ii)		 196,518
...............................
0 		4,000
...............................
0 		774
...............................
0 		0
...............................
0 		39,395
...............................
0 		240,687
...............................
0 		0
...............................
0
5CHRISTOPH KUNKELVP FOR OPERATIONS (i)
(ii)		 172,328
...............................
0 		3,500
...............................
0 		270
...............................
0 		0
...............................
0 		23,739
...............................
0 		199,837
...............................
0 		0
...............................
0
6LAURA A WILCOXVP FOR COMMUNICATIONS (i)
(ii)		 152,755
...............................
0 		3,000
...............................
0 		774
...............................
0 		0
...............................
0 		39,059
...............................
0 		195,588
...............................
0 		0
...............................
0
7KATHERINE M WHATLEYVP OF ANNUAL PROGRAMS (i)
(ii)		 164,624
...............................
0 		3,000
...............................
0 		1,188
...............................
0 		0
...............................
0 		36,076
...............................
0 		204,888
...............................
0 		0
...............................
0
8CYNTHIA D PAGEDIRECTOR OF FINANCE (i)
(ii)		 135,045
...............................
0 		3,000
...............................
0 		774
...............................
0 		0
...............................
0 		32,381
...............................
0 		171,200
...............................
0 		0
...............................
0
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 1A THE SOCIAL CLUB IS USED AS A VENUE FOR THE PRESIDENT TO MEET PRIVATELY WITH KEY HIGHER EDUCATION LEADERS.
PART I, LINE 4B THE COUNCIL OF INDEPENDENT COLLEGES MAINTAINS AN INELIGIBLE PLAN OF DEFERRED COMPENSATION UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. DEFERRED COMPENSATION REPRESENTS AN EXECUTIVE SALARY CONTINUATION AGREEMENT ENTERED INTO WITH THE PRESIDENT OF THE ORGANIZATION. THE AGREEMENT CALLS FOR ANNUAL PAYMENTS BY THE ORGANIZATION REPRESENTING TWENTY PERCENT (20%) OF BASE SALARY AS WELL AS INTEREST EXPENSE TO BE ACCRUED ON EACH ANNIVERSARY DATE BASED ON THE MOODY'S SEASONED AAA CORPORATE BOND YIELD. THE PARTICIPANT IS NOT PERMITTED TO MAKE SALARY REDUCTION DEFERRALS UNDER THIS PLAN. THE EXPENSE FOR THE YEAR ENDED JUNE 30, 2015 WAS $137,060.
Schedule J (Form 990) 2014

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
COUNCIL OF INDEPENDENT COLLEGES
 
Employer identification number

01-6004776
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 6 CIC HAS MEMBERS. SPECIFICALLY, THE COUNCIL OF INDEPENDENT COLLEGES (CIC) IS AN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES. INSTITUTIONAL MEMBERSHIP IN THE COUNCIL IS OPEN TO ALL AMERICAN NON-PROFIT, INDEPENDENT, BACCALAUREATE DEGREE-GRANTING COLLEGES OF LIBERAL ARTS AND SCIENCES. INTERNATIONAL MEMBERSHIP IS OPEN TO INDEPENDENT BACCALAUREATE DEGREE-GRANTING INSTITUTIONS WHOSE MAIN EDUCATIONAL PROGRAMS AND FACILITIES ARE LOCATED OUTSIDE THE UNITED STATES. ASSOCIATE MEMBERSHIP IS OPEN TO ASSOCIATE'S DEGREE-GRANTING, NON-PROFIT, INDEPENDENT, LIBERAL ARTS COLLEGES. AFFILIATE MEMBERSHIP IS OPEN TO ALL EDUCATIONAL ASSOCIATIONS AND ORGANIZATIONS WITH 501(C)(3) STATUS THAT SERVE INDEPENDENT COLLEGES AND UNIVERSITIES. STATE FUND MEMBERSHIP IS OPEN TO STATE FUNDS (LIMIT OF ONE PER STATE) WHOSE MEMBERS ARE PRIVATE COLLEGES AND UNIVERSITIES.
FORM 990, PART VI, SECTION A, LINE 7A THE BOARD WILL BE SELF-PERPETUATING. IT WILL ELECT EACH INCOMING CLASS OF NEW DIRECTORS, ELECT MEMBERS OF THE EXECUTIVE COMMITTEE, AND FILL ALL VACANCIES FOR THE REMAINDER OF UNEXPIRED TERMS EXCEPT THAT OF CHAIR. THE BOARD WILL SEEK NOMINATIONS FOR NEW DIRECTORS FROM MEMBER COLLEGE PRESIDENTS, CHIEF EXECUTIVES OF STATE FUND MEMBERS, AND OTHER MEMBERS OF THE BOARD.
FORM 990, PART VI, SECTION A, LINE 7B POLICY MATTERS OF MAJOR IMPORTANCE, INCLUDING AMENDMENT, REPEAL, OR ALTERATION OF THE CIC BYLAWS, IN WHOLE OR PART, MAY BE PERMITTED FROM TIME TO TIME BY EITHER A MAIL REFERENDUM OR SPECIAL MEETING OF THE INSTITUTIONAL MEMBERS. IN ADDITION, ANNUAL MEMBERSHIP DUES HAVE TO BE APPROVED BY THE INSTITUTIONAL MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE COMMITTEE, WHEN IT MEETS IN JANUARY PRIOR TO THE FULL BOARD OF DIRECTORS MEETING, WILL REVIEW THE DRAFT FORM 990, AS PREPARED BY CIC'S AUDITORS AND RECOMMEND IT TO THE BOARD OF DIRECTORS FOR ACCEPTANCE, INCLUDING POSSIBLE REVISIONS; AND AT ITS JANUARY MEETING, THE BOARD OF DIRECTORS WILL REVIEW THE DRAFT FORM 990 AND ACCEPT IT, INCLUDING POSSIBLE REVISIONS; AT THE ANNUAL MEETING OF THE MEMBERSHIP IN JANUARY, THE TREASURER WILL REPORT ON THE PROCEDURES AND OUTCOMES OF THE REVIEW OF THE DRAFT FORM 990.
FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY BOARD MEMBERS AND STAFF COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH THE BOARD OR STAFF MEMBER BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. CIC COLLECTS THE DISCLOSURES. PROCEDURES: A. PRIOR TO BOARD ACTION ON A CONTRACT OR OTHER TRANSACTION INVOLVING A CONFLICT OF INTEREST, A BOARD MEMBER HAVING A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. B. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE DECISION EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. C. THE PERSON HAVING A CONFLICT OF INTERST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. D. STAFF MEMBERS WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD ACTION SHALL DISCLOSE TO THE PRESIDENT OF CIC ANY SUCH CONFLICT OF INTEREST. THAT STAFF MEMBER SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT CIC'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE PRESIDENT OF CIC.
FORM 990, PART VI, SECTION B, LINE 15 PROCESS USED TO DETERMINE THE COMPENSATION OF: A. CEO - COMPENSATION COMMITTEE INCLUDES THE BOARD CHAIR AND TWO MEMBERS OF THE EXECUTIVE COMMITTEE APPOINTED BY THE CHAIR. THE COMPENSATION COMMITTEE REVIEWS SALARIES OF CEOS AND EXECUTIVE DIRECTORS OF HIGHER EDUCATION ASSOCIATIONS BASED IN THE DISTRICT OF COLUMBIA. THE STANDING PRACTICE IS THE CIC PRESIDENT WOULD RECEIVE A SALARY AT OR NEAR THE 75TH PERCENTILE OF THE REVIEWED SALARIES, IF PERFORMANCE WERE SATISFACTORY. THE COMPENSATION COMMITTEE REPORTS TO THE EXECUTIVE COMMITTEE ON SALARY RECOMMENDATIONS BASED ON THE COMPARISON RESEARCH AND PERFORMANCE BENCHMARKS. THE EXECUTIVE COMMITTEE APPROVES THE CEO'S ANNUAL COMPENSATION AT THE JUNE BOARD MEETING. B. OTHER OFFICERS OR KEY EMPLOYEES - THE CIC PRESIDENT, ACTING UNDER THE TOTAL COMPENSATION GUIDELINES SET BY THE BOARD, EVALUATES POSITIONS AND PERFORMANCE OF THE STAFF. THE PRESIDENT REVIEWS RESEARCH AND COMPARISONS FROM SIMILAR ORGANIZATIONS USING FORM 990 DATA AS WELL AS THE WASHINGTON HIGHER EDUCATION SECRETARIAT COMPENSATION SURVEY.
FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS AND POLICIES ARE PROVIDED UPON REQUEST.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
COUNCIL OF INDEPENDENT COLLEGES
 
Employer identification number

01-6004776
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity










Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1) AMERICAN ACADEMIC LEADERSHIP INSTITUTE
1825 K STREET NW

WASHINGTON,DC20006
52-1572800 		EDUCATION DC 501(C)(3) LINE 11A, I N/A
 
No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No












Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) AMERICAN ACADEMIC LEADERSHIP INSTITUTE

 C 100,000 COST





Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2014
Additional Data


Software ID:  
Software Version: