Columbia College in Chicago, Illinois (IL)

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Columbia College
Employer Identification Number (EIN)366112087
Name of OrganizationColumbia College
Address600 South Michigan, Chicago, IL 60605-1900
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date01/1943
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2010
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$357,949,359
Amount of Income$353,125,872
Form 990 Revenue Amount$241,582,830
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)


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Amount of income in 2010: $353,125,872
This organization: 

 $353,125,872
Other organizations performing similar types of work: 

 $1,011,598

Assets in 2010: $357,949,359
Columbia College: 

 $357,949,359
Other organizations performing similar types of work: 

 $582,075

Expenses in 2007: $216,946,510
This organization: 

 $216,946,510
Other organizations performing similar types of work: 

 $26,096,797

Income to expenses ratio in 2007: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 83.3%
This organization: 

 83.3%
Other organizations performing similar types of work: 

 83.3%

Number of employees in 2007: 2,525
This organization: 

 2,525
Other organizations performing similar types of work: 

 690

Employees paid over $50,000 in 2007: 25.1%
This organization: 

 25.1%
Other organizations performing similar types of work: 

 5.6%

Grants share in income in 2007: 4.3%
Columbia College: 

 4.3%
Other organizations performing similar types of work: 

 30.4%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$113,451,163$117,690,088$137,725,490$150,663,447$169,112,977$198,811,547$229,148,853$243,734,461
Contributions, gifts, grants, and similar amounts received$7,100,468$10,346,278$11,947,193$9,298,867$7,717,246$8,697,426$11,697,604$10,593,027
Contributions to donor advised funds$0$0
Direct public support$3,439,629$5,350,557$7,341,192$3,888,362$4,120,565$4,830,094$8,303,602$6,164,077
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$3,660,839$4,995,721$4,606,001$5,410,505$3,596,681$3,867,332$3,394,002$4,428,950
Program service revenue including government fees and contracts$93,737,169$107,239,849$125,078,899$137,912,533$155,677,004$175,978,370$197,736,441$220,232,799
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$310,060$685,805$0$0$0
Dividends and interest from securities$2,026,125$1,258,177$1,198,797$905,501$1,346,257$4,163,362$3,826,903$4,567,331
Net rental income or (loss)$0$0$0$0$0$237,354$124,425$519,789
Gross rents$0$0$0$0$0$435,907$494,191$574,190
Less: rental expenses$0$0$0$0$0$198,553$369,766$54,401
Other investment income$8,671,490$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$54,181$-2,518,261$-2,004,572$515,855$1,892,654$8,032,176$13,078,178$3,451,516
Gross amount from sales of assets other than inventory$116,612$3,009$10,375$16,598,659$18,949,036$58,116,437$120,991,451$54,188,088
Less: cost or other basis and sales expenses$62,431$2,521,270$2,014,947$16,082,804$17,056,382$50,084,261$107,913,273$50,736,572
Net income or (loss) from special events and activities$2,789$-60,310$67,741$-35,638$0$-56,262$0$23,278
Gross revenue$145,554$23,790$136,263$43,007$0$87,372$151,573$106,620
Less: direct expenses other than fundraising expenses$142,765$84,100$68,522$78,645$0$143,634$151,573$83,342
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$20,129$-143,032
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$604,086$1,379,213
Less: cost of goods sold$0$0$0$0$0$0$583,957$1,522,245
Other revenue$1,858,941$1,424,355$1,437,432$1,756,269$1,794,011$1,759,121$2,665,173$4,489,753
Total expenses$99,722,273$110,492,241$126,522,897$133,078,650$154,101,183$174,662,563$192,395,005$216,946,510
Program services$81,238,248$84,386,926$97,964,398$102,804,524$119,764,388$137,810,450$152,868,644$180,773,551
Management and general$16,535,756$24,139,592$26,505,539$27,842,621$31,158,684$33,237,837$36,229,892$32,313,465
Fundraising$1,948,269$1,965,723$2,052,960$2,431,505$3,178,111$3,614,276$3,296,469$3,859,494
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$96,173,477$90,445,531$99,147,079$122,627,081$131,560,868$158,917,318$188,866,604$181,302,406
Excess or (deficit) for the year$13,728,890$7,197,847$11,202,593$17,584,797$15,011,794$24,148,984$36,753,848$26,787,951
Net assets or fund balances at beginning of year$90,887,551$96,173,477$90,445,531$99,147,079$122,627,081$131,560,868$158,917,318$188,866,604
Other changes in net assets or fund balances$-8,442,964$-12,925,793$-2,501,045$5,895,205$-6,078,007$3,207,466$-6,804,562$-34,352,149
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$216,946,510$180,773,551$32,313,465$3,859,494
Grants paid from donor advised funds$0
Other grants and allocations$7,955,000
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,533,632$570,718$690,753$272,161
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$95,495,635$82,795,485$11,077,277$1,622,873
Pension plan contributions not included above$4,581,445$3,955,698$535,828$89,919
Employee benefits not included above$11,692,037$10,095,106$1,367,455$229,476
Payroll taxes$6,631,294$5,725,573$775,570$130,151
Professional fundraising fees$0$0$0$0
Accounting fees$171,071$0$171,071$0
Legal fees$426,342$0$426,342$0
Supplies$14,946,524$13,068,810$1,534,238$343,476
Telephone$485,631$79,045$396,354$10,232
Postage and shipping$1,363,524$1,109,274$133,871$120,379
Occupancy$30,371,866$29,863,461$441,577$66,828
Equipment rental and maintenance$2,671,351$1,416,676$1,222,770$31,905
Printing and publications$4,088,078$3,250,873$672,114$165,091
Travel$2,912,104$2,510,913$281,250$119,941
Conferences, conventions, and meetings$509,800$393,440$112,087$4,273
Interest$4,846,699$0$4,846,699$0
Depreciation, depletion, etc.$9,621,292$8,154,805$1,293,959$172,528
Other expenses not covered above$16,643,185$9,828,674$6,334,250$480,261
Balance Sheets
20002001200220032004200520062007
Total assets$167,400,220$166,831,332$190,758,696$220,347,945$256,406,621$280,954,243$310,135,155$369,126,817
Cash - non-interest-bearing$2,790,472$2,815,582$2,310,143$1,597,398$2,912,788$3,752,141$0$27,000
Savings and temporary cash investments$0$0$16,956,102$20,721,078$26,221,819$29,476,307$36,227,172$47,612,337
Accounts receivable less allowance for doubtful accounts$1,844,709$1,896,963$1,231,468$1,537,277$1,709,266$2,515,233$2,970,232$5,620,524
Pledges receivable less allowance for doubtful accounts$2,322,767$2,063,494$2,888,438$2,261,912$2,663,144$2,324,584$2,948,369$3,464,060
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$401,529$386,482$369,764$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$2,333,834$4,221,867$885,514$1,455,013$1,312,803$2,360,832$2,886,656$3,765,457
Investments - publicly-traded securities$76,712,495$68,881,421
Investments - other securities$55,990,826$50,227,076$54,863,010$77,063,235$101,560,077$102,457,809$0$42,916,061
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$31,414,466$28,209,470
Land, buildings, and equipment less accumulated depreciation$99,667,213$103,193,611$109,370,093$113,250,802$117,550,800$135,486,735$149,468,074$168,630,487
Other assets, including program-related investments$2,048,870$2,026,257$1,884,164$2,461,230$2,475,924$2,580,602$7,507,691$0
Total liabilities$71,226,743$76,385,801$91,611,617$97,720,864$124,845,753$122,036,925$121,268,551$187,824,411
Accounts payable and accrued expenses$10,837,803$17,990,519$34,427,954$27,648,160$30,857,145$23,872,588$21,719,211$32,846,786
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$1,994,763$2,052,310$329,850$1,409,391$25,540,413$32,035,834$35,486,895$46,030,063
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$56,985,000$54,730,000$53,345,000$68,425,604$68,139,641$66,128,503$64,062,445$108,947,562
Other liabilities$1,409,177$1,612,972$3,508,813$237,709$308,554$0$0$0
Total liabilities and net assets/fund balances$167,400,220$166,831,332$190,758,696$220,347,945$256,406,621$280,954,243$310,135,155$369,126,817
Total net assets or fund balances$96,173,477$90,445,531$99,147,079$122,627,081$131,560,868$158,917,318$188,866,604$181,302,406
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$113,451,163$117,690,088$137,725,490$150,663,447$169,112,977$198,811,547$229,148,853$243,734,461
Total revenue, gains, and other support per audited financial statements$111,749,490$117,608,257$142,794,277$153,864,094$170,808,276$189,062,292$214,909,631$201,427,312
Other expenses$566,451$0$5,905,159$3,137,931$1,695,299$0$0$-42,307,149
Net unrealized gains on investments$0$0$5,905,159$2,779,727$5,407,504$0$0$-25,123,402
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$566,451$0$0$358,204$-3,712,205$0$0$-17,183,747
Other revenue$2,268,124$81,831$836,372$-62,716$0$9,749,255$14,239,222$0
Investment expenses$0$0$0$0$0$0$0$0
Other$2,268,124$81,831$836,372$-62,716$0$9,749,255$14,239,222$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$99,710,073$110,492,241$126,522,897$133,078,650$154,101,183$174,662,563$192,395,005$216,946,510
Total expenses and losses per audited financial statements$106,463,564$114,447,671$134,092,729$130,384,092$161,874,488$169,961,077$185,659,208$208,991,510
Other revenue$9,021,615$6,558,531$10,421,171$973,193$11,485,510$1,427,947$39,452$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$4,037,261$0$0$0$0$0$0
Other$9,021,615$2,521,270$10,421,171$973,193$11,485,510$1,427,947$39,452$0
Other expenses$2,268,124$2,603,101$2,851,339$3,667,751$3,712,205$6,129,433$6,775,249$7,955,000
Investment expenses$0$0$0$0$0$0$0$0
Other$2,268,124$2,603,101$2,851,339$3,667,751$3,712,205$6,129,433$6,775,249$7,955,000
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$316,609$229,389$11,080
40$210,731$93,725$1,140
40$219,026$65,894$6,080
40$193,387$57,630$789
40$203,675$59,426$0
40$193,009$60,545$2,771
40$197,195$57,727$1,200
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings45
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062,525
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$12,885,357$220,256,077
Program service revenue
Program service revenue 1000000$000$0$194,218,590
Program service revenue 2000000$000$0$26,014,209
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,567,331$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$519,789$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$3,451,516$0
Net income or (loss) from special events000000$000$0$23,278
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$-143,032$0
Other revenue000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$4,489,753$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$245,445$71,179$0
$188,399$54,636$0
$187,674$54,425$0
$183,340$53,169$0
$181,948$52,765$0
Total number of other employees paid over $50,000623
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$196,698
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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2Columbia College600 South Michigan, Chicago, IL 60605-1900IL1943-01$353,125,872
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6University Of Prince Edward IslandCharlottetown Prince Edward Island, Canadainternational2000-09$130,262,052
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19Baker College Of Allen Park4500 Enterprise Dr, Allen Park, MI 48101-3033MI2005-12$28,076,662
20Everglades College Inc, Everglades University1900 W Commercial Blvd, Fort Lauderdale, FL 33309-7104FL2001-08$22,258,522
21University Of Mary Washington Foundation1125 Jefferson Davis Hwy Ste 200, Fredericksbrg, VA 22401-8447VA1975-12$19,713,438
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23Ecla European College Of Liberal Arts GgmbhC/O Julie J Kidd 1060 Park Avenue, New York, NY 10128NY2004-10$4,717,158
24Metropolitan State College Of Denver Foundation IncPO BOX 173362, Denver, CO 80217-3362CO1967-12$3,579,353
25Army War College Foundation Incorporated122 Forbes Ave, Carlisle, PA 17013-5218PA1979-09$3,545,194
26Patty Hanks Shelton School Of NursingPO BOX 16020 HSU STATION, Abilene, TX 79698-0001TX2006-03$3,258,692
27Intercollegiate Center For Classical Studies109 Westpark Dr Ste 430, Brentwood, TN 37027-5032TN2006-01$3,173,617
28Arlington Baptist College3001 W Division St, Arlington, TX 76012-3425TX2006-11$2,416,180
29Dayspring Bible College Inc60 Quentin Rd, Hawthorn Wds, IL 60047-1668IL2001-04$848,921
30International College Of Excellence, Ice18500 92nd Ave, Tinley Park, IL 60487-9511IL2009-09$53,692
Number of organizations performing similar types of work
Alabama2
Arizona5
California20
Colorado2
Connecticut1
District of Columbia1
Delaware1
Florida11
Georgia3
Hawaii2
Iowa1
Idaho1
Illinois5
Indiana4
Kentucky1
Louisiana1
Massachusetts4
Maryland3
Michigan4
Minnesota3
Missouri3
North Carolina6
New Hampshire4
New Jersey2
New Mexico2
New York7
Ohio1
Oklahoma2
Pennsylvania5
Tennessee4
Texas5
Utah2
Virginia6
Vermont2
Washington3
Wisconsin1
International11
Total141

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