Civic Intelligence

Northwestern University

990 • Fiscal year 2016 • EIN 36-2167817

Sep 01, 2015 to Aug 31, 2016 • Filed on Jul 13, 2017

Refreshing map…

633 Clark StEvanston, IL 60208

(847) 491-3741

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.19x

Higher debt load relative to assets than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.93x

Higher debt load relative to revenue than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Net Margin

66th percentile

8.9%

Higher net margin than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Top Officer Pay

88th percentile

$4,524,498

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Asset Growth

41st percentile

1.7%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Revenue Growth

29th percentile

-3.1%

Faster revenue growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Assets

Up

$13,658,756,847

Up $225,241,673 (+1.7%) from 2015

Net Assets

Up

$11,020,384,989

Up $223,840,365 (+2.1%) from 2015

Liabilities

Up

$2,638,371,858

Up $1,401,308 (+0.1%) from 2015

Revenue

Down

$2,833,160,505

Down $91,276,401 (-3.1%) from 2015

Expenses

Up

$2,581,471,003

Up $149,071,396 (+6.1%) from 2015

Net Income

Down

$251,689,502

Down $240,347,797 (-49%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20B$15B$10B$5.0B$0Assets 2010: $8,362,828,437Liabilities 2010: $1,578,804,468Net Assets 2010: $6,784,023,9692010Assets 2012: $9,839,073,934Liabilities 2012: $1,739,966,403Net Assets 2012: $8,099,107,5312012Assets 2013: $10,889,523,081Liabilities 2013: $1,754,330,717Net Assets 2013: $9,135,192,3642013Assets 2014: $12,773,853,117Liabilities 2014: $2,106,944,047Net Assets 2014: $10,666,909,0702014Assets 2015: $13,433,515,174Liabilities 2015: $2,636,970,550Net Assets 2015: $10,796,544,6242015Assets 2016: $13,658,756,847Liabilities 2016: $2,638,371,858Net Assets 2016: $11,020,384,9892016Assets 2017: $14,485,530,707Liabilities 2017: $2,804,562,684Net Assets 2017: $11,680,968,0232017Assets 2018: $15,469,351,745Liabilities 2018: $3,227,581,845Net Assets 2018: $12,241,769,9002018Assets 2019: $15,193,337,485Liabilities 2019: $3,165,414,208Net Assets 2019: $12,027,923,2772019Assets 2020: $15,846,964,843Liabilities 2020: $3,384,325,428Net Assets 2020: $12,462,639,4152020Assets 2021: $19,369,511,926Liabilities 2021: $3,303,710,832Net Assets 2021: $16,065,801,0942021Assets 2022: $18,624,987,614Liabilities 2022: $3,268,396,049Net Assets 2022: $15,356,591,5652022Assets 2024: $19,217,819,256Liabilities 2024: $3,589,543,718Net Assets 2024: $15,628,275,5382024

Highlighted filing

2016

Assets$13,658,756,847
Liabilities$2,638,371,858
Net Assets$11,020,384,989

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0B$4.0B$2.0B$0Expenses 2010: $1,983,199,1872010Expenses 2012: $2,100,073,5592012Expenses 2013: $2,220,803,1372013Revenue 2014: $2,895,842,638Expenses 2014: $2,330,997,409Net Income 2014: $564,845,2292014Revenue 2015: $2,924,436,906Expenses 2015: $2,432,399,607Net Income 2015: $492,037,2992015Revenue 2016: $2,833,160,505Expenses 2016: $2,581,471,003Net Income 2016: $251,689,5022016Revenue 2017: $2,955,151,358Expenses 2017: $2,766,659,907Net Income 2017: $188,491,4512017Revenue 2018: $3,143,787,745Expenses 2018: $2,957,646,868Net Income 2018: $186,140,8772018Revenue 2019: $3,108,297,108Expenses 2019: $3,029,156,594Net Income 2019: $79,140,5142019Revenue 2020: $3,140,527,328Expenses 2020: $3,013,193,839Net Income 2020: $127,333,4892020Revenue 2021: $3,678,521,388Expenses 2021: $3,030,857,470Net Income 2021: $647,663,9182021Revenue 2022: $4,010,424,246Expenses 2022: $3,344,228,756Net Income 2022: $666,195,4902022Revenue 2024: $4,177,750,770Expenses 2024: $3,933,998,499Net Income 2024: $243,752,2712024

Highlighted filing

2016

Revenue$2,833,160,505
Expenses$2,581,471,003
Net Income$251,689,502
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jul 13, 2017
Return Version
2015v3.0
Gross Receipts
$4,648,577,548
Mission and Program Overview

Mission

Northwestern's mission is to provide the highest-quality education for its students, to develop innovative programs in research, and to sustain an academic community that embraces these enterprises.

Education and research

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$7,608,428,796$7,886,595,146▲ $278,166,350
Land, Buildings, and Equipment, Net$2,043,447,297$2,368,597,996▲ $325,150,699
Investments in Publicly Traded Securities$2,409,687,539$2,271,951,600▼ $137,735,939
Savings and Temporary Cash Investments$754,516,141$368,190,340▼ $386,325,801
Accounts Receivable$282,925,586$326,446,270▲ $43,520,684
Pledges and Grants Receivable$169,018,000$263,423,000▲ $94,405,000
Other Notes and Loans Receivable, Net$145,487,585$155,547,520▲ $10,059,935
Prepaid Expenses and Deferred Charges$13,446,405$14,408,317▲ $961,912
Inventories for Sale or Use$2,863,990$2,602,398▼ $261,592
Receivables From Officers Etc$1,272,582$880,000▼ $392,582
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Program Related$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$13,433,515,174$13,658,756,847▲ $225,241,673
Other Assets Total$2,421,253$114,260▼ $2,306,993
Liabilities
Other Liabilities$1,562,722,216$1,456,218,843▼ $106,503,373
Tax Exempt Bond Liabilities$405,651,550$404,487,371▼ $1,164,179
Deferred Revenue$270,961,990$289,082,652▲ $18,120,662
Accounts Payable and Accrued Expenses$217,634,794$258,582,992▲ $40,948,198
Mortgage Notes Payable Secured by Investment Property$180,000,000$230,000,000▲ $50,000,000
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$2,636,970,550$2,638,371,858▲ $1,401,308
Net Assets / Fund Balance
Unrestricted Net Assets$6,826,530,624$6,992,900,989▲ $166,370,365
Temporarily Rstr Net Assets$2,555,415,000$2,472,172,000▼ $83,243,000
Permanently Rstr Net Assets$1,414,599,000$1,555,312,000▲ $140,713,000
Total Net Assets Fund Balance$10,796,544,624$11,020,384,989▲ $223,840,365
Total Liabilities and Net Assets / Fund Balance$13,433,515,174$13,658,756,847▲ $225,241,673

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,174,989,880$1,121,399,299$3,296,389,179
Equipment$151,653,352$400,828,518$552,481,870
Land$29,088,668-$29,088,668
Leasehold Improvements$12,866,096$10,286,844$23,152,940
Other Securities$5,857,426,211--
Financial Derivatives$2,029,168,935--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$7,588,029,000$210,532,000▲ $75,343,000$341,167,892$7,478,167,000
2014$7,501,116,000$269,199,000▲ $157,310,000$285,688,548$7,588,029,000
2013$6,283,130,000$516,836,000▲ $1,075,117,000$325,748,323$7,501,116,000
2012$5,574,319,000$393,797,000▲ $594,849,000$220,189,997$6,283,130,000
2011$5,474,935,000$210,535,000▲ $204,262,000$273,919,592$5,574,319,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-VP and Chief Investment OfficerFT$792,425$3,732,073$4,524,498
-VP and General Counsel-$533,946$1,412,366$1,946,312
-PresidentFT$956,614$760,559$1,717,173
-Investment ManagerFT$344,178$1,265,494$1,609,672
-VP AthleticsFT$941,594$650,831$1,592,425
-Managing Director, InvestmentsFT$358,366$1,138,123$1,496,489
-Head CoachFT$1,305,422$129,303$1,434,725
-ProvostFT$650,962$384,185$1,035,147
-VP for DevelopmentFT$498,220$527,052$1,025,272
-Executive Vice PresidentFT$738,083$193,564$931,647
-Former VP Facilities Mgmnt-$500,933$75,128$576,061
-VP Medical AffairsPT$536,964$18,192$555,156
-VP for Budget and PlanningFT$382,788$163,133$545,921
-VP and Chief Information OfficerFT$418,547$121,859$540,406
-VP Global MarketingFT$426,567$56,162$482,729
-VP for ResearchFT$334,854$124,855$459,709
-VP for Facilities ManagementFT$334,879$123,557$458,436
-VP Student AffairsFT$364,675$91,716$456,391
-VP for Human ResourcesFT$351,701$94,949$446,650
-VP for AdministrationFT$346,124$61,316$407,440
-VP for Financial OperationsFT$315,664$44,598$360,262
-VP University RelationsFT$268,572$50,094$318,666
-VP International RelationsFT$206,353$31,689$238,042

Board Members and Trustees

NameTitle
-Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
The Family InstituteInstruction services618 Library Pl, Evanston, IL 60201$4,618,745
Northwestern Memorial HospitalClinical SERVICES251 EAST HURON, Chicago, IL 60611$4,206,903
Free Enterprise SystemTransportation ServicesONE SODREL DRIVE, Jeffersonville, IN 47130$2,687,930
Sidley Austin LLPLegal servicesOne South Dearborn, Chicago, IL 60603$2,114,268
Wellington Management Company LLPInvestment management280 Congress St, Boston, MA 02210$1,716,381
Revenue and Support

Revenue Composition

Contributions and Grants
$457,650,977
Program Service Revenue
$1,795,316,441
Investment Income
$558,698,662
Other Revenue
$21,494,425
All Other Contributions
$427,303,402
Change in Net Assets
$251,689,502

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded652$49,918,903Market value
Books and Publications-$7,959,998Market value
Works of Art33$6,135,364Market value
Other Non Cash Contri Table236$1,941,418Market value
Other Non Cash Contri Table9$66,218Market value
Clothing and Household Goods-$15,723Market value
Collectibles24$3,350Market value
Total Noncash Contributions954$66,040,974-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,242,279,705
Other Expenses$876,458,559
Grants and Similar Amounts Paid$462,173,913
Total Fundraising Expense$54,824,123
Professional Fundraising Fees$558,826

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$920,981,240$32,392,532$29,692,569$983,066,341
Grants to Domestic Individuals$379,308,000--$379,308,000
Fees for Services Other$160,694,637$7,158,405$1,511,253$169,364,295
Office Expenses$153,275,083$3,753,214$3,355,947$160,384,244
Occupancy$123,544,574$469,079$729,436$124,743,089
Depreciation Depletion$116,735,543$5,451,495$1,037,642$123,224,680
Other Employee Benefits$89,492,129$3,881,564$3,298,566$96,672,259
Grants to Domestic Orgs$75,816,266--$75,816,266
Pension Plan Contributions$65,058,156$2,821,859$2,398,025$70,278,040
Payroll Taxes$59,403,120$2,575,955$2,189,055$64,168,130
Travel$49,233,910$1,085,735$1,219,002$51,538,647
Royalties$41,271,331$6,274-$41,277,605
Interest-$40,248,140-$40,248,140
Fees for Service Investment Mgmnt Fees-$39,297,851-$39,297,851
Conferences and Meetings$30,792,100$253,111$657,781$31,702,992
Current Officers, Directors, Trustees, and Key Employees$9,161,428$17,908,235$1,025,272$28,094,935
Advertising$15,744,595$2,389,750$7,103,659$25,238,004
Information Technology$16,961,182$2,058,915$47,090$19,067,187
Other Expenses$13,887,874$3,477,635-$17,365,509
Fees for Services Legal-$8,771,676-$8,771,676
Foreign Grants$7,049,647--$7,049,647
Fees for Services Accounting-$790,249-$790,249
Fees for Services Professional Fundraising--$558,826$558,826
Fees for Services Lobbying-$481,451-$481,451
Total Functional Expenses$2,351,373,755$175,273,125$54,824,123$2,581,471,003
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of ChicagoChicago, IL115support of research activities$8,412,075
Ann & Robert H Lurie Children's Hospital of ChicagoChicago, IL501(c)(3)support of research activities$3,374,424
University of Illinois at Urbana-ChampaignChampaign, IL501(c)(3)support of research activities$2,369,019
AuraSense Therapeutics LLCSkokie, IL501(c)(3)support of research activities$1,833,337
Johns Hopkins UniversityBaltimore, MD501(c)(3)support of research activities$1,624,882
University of MichiganAnn Arbor, MI501(c)(3)support of research activities$1,255,901
Erie Family Health CenterChicago, IL501(c)(3)support of research activities$1,246,764
Chicago Botanic GardenGlencoe, IL501(c)(3)Support of charitable community organization$1,215,000
University of WisconsinMadison, WI-Support of community organization$1,161,490
University of VirginiaWise, VA-support of research activities$1,147,719
Duke UniversityDurham, NC501(c)(6)support of research activities$1,114,527
University of California Los AngelesLos Angeles, CA115support of research activities$1,075,984
University of PennsylvaniaPhiladelphia, PA-support of research activities$1,050,707
Boston Medical CenterBoston, MA501(c)(3)support of research activities$1,029,357
City of EvanstonEvanston, IL501(c)(3)Support of community organization$1,026,000
University of ColoradoBoulder, CO115Support of community organization$948,630
Columbia UniversityNew York, NY501(c)(3)support of research activities$937,549
Blessings in a BackpackLouisville, KY501(c)(3)Charitable fundraising conducted by student organization$930,541
Kaiser Foundation Research InstitutePortland, OR501(c)(3)support of research activities$917,540
Alliance of Chicago Community Health Services LLCChicago, IL501(c)(3)support of research activities$897,294
Vanderbilt UniversityNashville, TN-support of research activities$893,570
University of WashingtonSeattle, WA-support of research activities$875,889
Scripps Research InstituteLa Jolla, CA115support of research activities$863,084
Rush University Medical CenterChicago, IL115support of research activities$803,420
University of UtahSalt Lake City, UT-support of research activities$794,908
NorthShore University HealthSystem Research InstituteEvanston, IL501(c)(3)support of research activities$790,504
Harvard UniversityCambridge, MA501(c)(3)support of research activities$766,105
Cincinnati Children's Hospital Medical CenterCincinnati, OH115support of research activities$666,242
Tulane UniversityNew Orleans, LA115support of research activities$666,234
University of California San DiegoLa Jolla, CA115support of research activities$655,767
University of California San FranciscoSan Francisco, CA115support of research activities$642,749
Massachusetts General HospitalBoston, MA501(c)(3)support of research activities$613,604
University of PittsburghPittsburgh, PA-support of research activities$597,898
Temple UniversityPhiladelphia, PA115support of research activities$582,028
University of Texas at AustinAustin, TX-support of research activities$577,837
Sanford Burnham Prebys Medical Discovery InstituteLa Jolla, CA501(c)(3)support of research activities$538,049
Telligen IncWest Des Moines, IA115support of research activities$537,413
Yale UniversityNew Haven, CT-support of research activities$530,914
HDT Robotics IncFredericksburg, VA501(c)(3)support of research activities$526,689
Geisinger ClinicDanville, PA501(c)(3)support of research activities$522,640
Pennsylvania State UniversityUniversity Park, PA501(c)(3)support of research activities$512,050
Purdue UniversityWest Lafayette, IN115support of research activities$511,430
Northwestern Medical Faculty Foundation IncChicago, IL501(c)(3)support of research activities$500,297
Rehabilitation Institute of ChicagoChicago, IL115support of research activities$486,118
University of MinnesotaMinneapolis, MN-support of research activities$473,970
Washington University in St LouisSt Louis, MO-support of research activities$470,510
JEWISH Federation OF METROPOLITAN ChicagoChicago, IL501(c)(3)Support of charitable community organization$465,186
University of Southern CaliforniaLos Angeles, CA-support of research activities$453,096
University of Texas Southwestern Med Ctr at DallasDallas, TX-support of research activities$449,078
Georgia Institute of TechnologyAtlanta, GA501(c)(3)support of research activities$446,998
Arizona State UniversityTempe, AZ501(c)(3)support of research activities$443,108
Ohio State UniversityColumbus, OH501(c)(3)support of research activities$436,748
University of North Carolina at Chapel HillCharlotte, NC-support of research activities$428,985
University of California IrvineIrvine, CA115support of research activities$408,550
GfK Custom Research LLCChicago, IL501(c)(3)support of research activities$406,377
Hektoen Institute for Medical ResearchChicago, IL501(c)(3)support of research activities$405,574
J Craig Venter InstituteRockville, MD501(c)(3)support of research activities$396,771
Stanford UniversityStanford, CA115support of research activities$385,614
Case Western Reserve UniversityCleveland, OH501(c)(3)support of research activities$377,883
Massachusetts Institute of TechnologyCambridge, MA115support of research activities$363,833
Research Foundation of The City University of New YorkQueens, NY115support of research activities$359,417
Boston UniversityBoston, MA501(c)(3)support of research activities$339,569
MetaStar IncMadison, WI501(c)(3)support of research activities$337,815
Emory UniversityAtlanta, GA501(c)(3)support of research activities$316,897
Access Community Health NetworkChicago, IL501(c)(3)support of research activities$305,617
Medical College of WisconsinMilwaukee, WI115support of research activities$294,191
University of MiamiCoral Gables, FL501(c)(3)support of research activities$292,225
Northern Illinois UniversityDeKalb, IL501(c)(3)support of research activities$287,715
New York UniversityNew York, NY501(c)(3)support of research activities$273,476
AIDS Arms IncDallas, TX501(c)(3)support of research activities$269,745
Dana-Farber Cancer InstituteBoston, MA501(c)(3)support of research activities$268,913
American Medical AssociationChicago, IL501(c)(3)support of research activities$265,507
Rockefeller UniversityNew York, NY115support of research activities$262,440
University of ConnecticutStorrs, CT115support of research activities$259,449
Mayo Clinic JacksonvilleJacksonville, FL115support of research activities$259,336
Oklahoma State UniversityStillwater, OK501(c)(3)support of research activities$254,769
University of Alabama at BirminghamBirmingham, AL115support of research activities$254,513
Indiana UniversityBloomington, IN115support of research activities$254,221
University of Texas at ArlingtonArlington, TX-support of research activities$251,736
Fordham UniversityBronx, NY501(c)(3)support of research activities$241,550
Park Street Solutions CompanyNaperville, IL501(c)(3)support of research activities$239,000
University of MarylandCollege Park, MD115support of research activities$237,329
American Institutes for ResearchWashington, DC501(c)(3)support of research activities$234,770
Mayo Clinic ArizonaScottsdale, AZ115support of research activities$234,168
Objective Arts IncChicago, IL501(c)(3)support of research activities$229,900
Eastern Virginia Medical SchoolNorfolk, VA501(c)(3)support of research activities$228,750
University of Texas at San AntonioSan Antonio, TX-support of research activities$226,174
Icahn School of Medicine at Mount SinaiNew York, NY501(c)(3)support of research activities$224,019
Mercy Hospital & Medical CenterChicago, IL501(c)(3)support of research activities$213,179
Chicago Public SchoolsChicago, IL501(c)(3)support of research activities$211,482
Georgia State UniversityAtlanta, GA501(c)(3)support of research activities$205,482
University of California DavisDavis, CA115support of research activities$200,275
Hugo W Moser Research Institute at Kennedy Krieger IncBaltimore, MD501(c)(3)support of research activities$198,509
Cook County Health and Hospitals SystemsChicago, IL501(c)(3)support of research activities$198,400
Northwestern Memorial HospitalChicago, IL501(c)(3)support of research activities$195,195
Mathematica Policy Research IncPrinceton, NJ501(c)(3)support of research activities$191,258
Henry M Jackson Foundation for the Advancement of Military MedicineBethesda, MD115support of research activities$186,610
California State University NorthridgeNorthridge, CA501(c)(3)support of research activities$184,467
Cornell UniversityIthaca, NY501(c)(3)support of research activities$182,728
North Carolina State UniversityRaleigh, NC115support of research activities$180,978
University of CincinnatiCincinnati, OH115support of research activities$170,821
University of Connecticut Health CenterFarmington, CT115support of research activities$170,020
Rehabilitation Institute Research CorporationChicago, IL501(c)(3)support of research activities$165,858
Particle Sciences IncBethlehem, PA501(c)(3)support of research activities$165,768
University of KentuckyLexington, KY501(c)(3)support of research activities$161,908
University of Texas M D Anderson Cancer CenterHouston, TX-support of research activities$154,747
Mayo Clinic RochesterRochester, MN501(c)(3)support of research activities$154,583
Illinois Public Health AssociationSpringfield, IL501(c)(3)support of research activities$152,194
UChicago Argonne LLC Argonne National LaboratoryLemont, IL501(c)(3)support of research activities$149,902
University of Massachusetts AmherstAmherst, MA501(c)(3)support of research activities$146,540
Charles Stark Draper Laboratory IncCambridge, MA501(c)(3)support of research activities$145,046
University of California BerkeleyBerkeley, CA115support of research activities$143,274
Michigan State UniversityEast Lansing, MI501(c)(3)support of research activities$142,101
University of Kansas Medical Center Research InstituteKansas City, KS501(c)(3)support of research activities$141,767
QuesTek Innovations LLCEvanston, IL501(c)(3)support of research activities$132,201
Memorial Hospital of Rhode IslandPawtucket, RI501(c)(3)support of research activities$130,312
Center on HalstedChicago, IL501(c)(3)support of research activities$127,314
University of Notre DameNotre Dame, IN-support of research activities$120,458
Memorial Sloan-Kettering Cancer CenterNew York, NY501(c)(3)support of research activities$118,643
MarketLab Research IncPhiladelphia, PA501(c)(3)support of research activities$111,450
Evanston Community FoundationEvanston, IL501(c)(3)Charitable fundraising conducted by student organization$111,248
Community Action Project of Tulsa County IncTulsa, OK501(c)(3)support of research activities$109,417
New York Blood CenterNew York, NY501(c)(3)support of research activities$109,131
Neighborhood Health Group LLCChicago, IL115support of research activities$108,486
Chicago Volunteer Legal Services FoundationChicago, IL501(c)(3)Support of charitable community organization$108,271
Children's Hospital of PhiladelphiaPhiladelphia, PA115support of research activities$105,993
Medical University of South CarolinaCharleston, SC501(c)(3)support of research activities$105,522
Aging & In-Home Services of Northeast Indiana IncFort Wayne, IN501(c)(3)support of research activities$104,610
Chinese American Service LeagueChicago, IL501(c)(3)support of research activities$102,523
Captain James A Lovell Federal Health Care CenterNorth Chicago, IL501(c)(3)Support of community organization$100,000
Indiana Hemophilia & Thrombosis Center IncIndianapolis, IN501(c)(3)support of research activities$97,276
Multnomah CountyPortland, OR115Support of community organization$93,656
Sentara HealthcareNorfolk, VA501(c)(3)support of research activities$92,220
Florida State UniversityTallahassee, FL501(c)(3)support of research activities$91,493
University of RochesterRochester, NY-support of research activities$90,260
Illinois Department of Public HealthSpringfield, IL501(c)(3)support of research activities$86,727
Carnegie Mellon UniversityPittsburgh, PA501(c)(3)support of research activities$86,326
Clemson UniversityClemson, SC501(c)(3)support of research activities$81,052
Oregon Health & Science UniversityPortland, OR501(c)(3)support of research activities$79,965
Adler Planetarium & Astronomy MuseumChicago, IL501(c)(3)support of research activities$79,801
Raytheon BBN TechnologiesCambridge, MA501(c)(3)support of research activities$75,110
Drexel UniversityPhiladelphia, PA115support of research activities$74,476
DePaul UniversityChicago, IL501(c)(3)support of research activities$72,935
OhioHealth Research InstituteColumbus, OH501(c)(3)support of research activities$71,663
Illinois Institute of TechnologyChicago, IL501(c)(3)support of research activities$71,361
University of South Florida - TampaTampa, FL-support of research activities$71,288
Midwestern UniversityDowners Grove, IL501(c)(3)support of research activities$70,445
Brown UniversityProvidence, RI115support of research activities$69,945
Weill Cornell Medical CollegeNew York, NY-support of research activities$69,853
University of Nevada RenoReno, NV-support of research activities$69,585
HDF GroupChampaign, IL501(c)(3)support of research activities$68,743
Syracuse UniversitySyracuse, NY115support of research activities$67,667
Puerto Rican Cultural CenterChicago, IL501(c)(3)support of research activities$67,403
Veterans Medical Research Foundation of San DiegoSan Diego, CA-support of research activities$67,125
AHS Hospital CorporationMorristown, NJ501(c)(3)support of research activities$66,875
Walgreen CoDeerfield, IL-support of research activities$66,180
Denver NephrologyDenver, CO501(c)(3)support of research activities$64,877
Mind Research NetworkAlbuquerque, NM501(c)(3)support of research activities$64,783
Construction Technology Laboratories IncSkokie, IL501(c)(3)support of research activities$64,059
Wayne State UniversityDetroit, MI-support of research activities$63,242
University of Nebraska Medical CenterOmaha, NE-support of research activities$63,118
Wright State UniversityDayton, OH-support of research activities$61,390
OSF Saint Francis Medical CenterPeoria, IL501(c)(3)support of research activities$56,723
Albany Medical CollegeAlbany, NY501(c)(3)support of research activities$56,530
Oregon State UniversityCorvallis, OR501(c)(3)support of research activities$55,708
University of OklahomaNorman, OK-support of research activities$55,225
Cabrini Green Legal AidChicago, IL501(c)(3)Support of charitable community organization$55,204
Canfield Scientific IncFairfield, NJ501(c)(3)support of research activities$54,731
Executive Frameworks LtdChicago, IL501(c)(3)support of research activities$54,188
University of DelawareNewark, DE501(c)(3)support of research activities$53,898
Lawndale Christian AcademyChicago, IL501(c)(3)Support of charitable community organization$53,733
Rice UniversityHouston, TX115support of research activities$53,281
Legal Assistance FoundationChicago, IL501(c)(3)Support of charitable community organization$50,000
World Business ChicagoChicago, IL-Support of charitable community organization$50,000
University of FloridaGainesville, FL501(c)(3)support of research activities$49,327
Rocky Mountain Movement Disorders Center PCEnglewood, CO115support of research activities$49,205
Demoiselle 2 Femme NFPChicago, IL115support of research activities$49,025
Children's Research InstituteWashingon, DC501(c)(3)support of research activities$48,842
National Bureau of Economic Research IncCambridge, MA115support of research activities$48,640
Methodist Research Institute IncHouston, TX115support of research activities$47,424
Campbell-Kibler Associates IncGroton, MA501(c)(3)support of research activities$47,235
University of IowaIowa City, IA501(c)(3)support of research activities$45,962
Dartmouth CollegeNew York, NY501(c)(3)support of research activities$45,925
Brigham and Women's HospitalBoston, MA115support of research activities$45,505
University of Texas at El PasoEl Paso, TX-support of research activities$45,400
Research Foundation for Mental Hygiene IncMenands, NY501(c)(3)support of research activities$45,281
Group Health CooperativeSeattle, WA115support of research activities$45,224
Inquire Learning LLCWeston, FL501(c)(3)support of research activities$43,374
Cleveland Clinic FoundationCleveland, OH115support of research activities$43,305
Loyola University ChicagoChicago, IL501(c)(3)support of research activities$42,044
Wake Forest University Health SciencesWinstonSalem, NC-support of research activities$41,663
University of Texas Health Science Center at HoustonHouston, TX-support of research activities$41,658
HealthPartners Research & EducationBloomington, MN501(c)(3)support of research activities$41,521
Inner-City Muslim Action NetworkChicago, IL501(c)(3)support of research activities$40,707
Minerals Metals and Materials Society IncWarrendale, PA501(c)(3)Support of charitable community organization$40,000
Feinstein Institute for Medical ResearchManhasset, NY501(c)(3)support of research activities$39,572
Advocate Health CareDowners Grove, IL501(c)(3)support of research activities$37,708
George Washington UniversityWashington, DC501(c)(3)support of research activities$36,919
Evanston Township High SchoolEvanston, IL501(c)(3)Support of community organization$36,380
California Institute of TechnologyPasadena, CA501(c)(3)support of research activities$36,129
Foundation 65Evanston, IL501(c)(3)Support of charitable community organization$35,000
McGaw YMCAEvanston, IL501(c)(3)Support of charitable community organization$35,000
National Archives FoundationWashington, DC115Support of charitable community organization$35,000
Sheil Catholic CenterEvanston, IL115Support of charitable community organization$35,000
Clark UniversityWorcester, MA115support of research activities$34,207
University of Nebraska-LincolnLincoln, NE-support of research activities$33,875
United BioSource CorporationBlue Bell, MD115support of research activities$32,983
Baptist Hospital of MiamiMiami, FL501(c)(3)support of research activities$32,620
Banner HealthSun City, AZ501(c)(3)support of research activities$30,060
United Way of Metropolitan ChicagoChicago, IL501(c)(3)Support of charitable community organization$30,000
Fayetteville State UniversityFayetteville, NC501(c)(3)support of research activities$29,895
Health Research Incorporated Roswell Park Cancer Institute DivisionBuffalo, NY501(c)(3)support of research activities$28,792
Electric Power Research Institute IncOrland Park, IL501(c)(3)support of research activities$28,621
Research Triangle InstituteResearch Triangle Park, NC115support of research activities$27,944
King County Public Hospital District No 2Kirkland, WA115support of research activities$27,690
National Kidney Foundation of IllinoisChicago, IL501(c)(3)support of research activities$27,527
Scripps HealthSan Diego, CA115support of research activities$27,159
YMCA of Metropolitan ChicagoChicago, IL-support of research activities$26,771
STARLIGHT CHILDRENS' FOUNDATIONLos Angeles, CA501(c)(3)Charitable fundraising conducted by student organization$26,593
University of ArizonaTucson, AZ501(c)(3)support of research activities$26,254
Chicago Academy of SciencesChicago, IL501(c)(3)Support of charitable community organization$25,000
Chicago's North Shore Convention & Visitors' BureauSkokie, IL501(c)(3)Support of community organization$25,000
Children of Fallen PatriotsJacksonville Beach, FL501(c)(3)Support of charitable community organization$25,000
Disabled American VeteransCold Spring, KY501(c)(3)Support of charitable community organization$25,000
Fisher House FoundationRockville, MD501(c)(3)Support of charitable community organization$25,000
Juvenile Protective AssociationChicago, IL501(c)(3)Support of charitable community organization$25,000
Northwestern University Settlement HouseChicago, IL501(c)(3)Support of charitable community organization$25,000
Team Red White & BlueTampa, FL115Support of charitable community organization$25,000
Missouri University of Science and TechnologyRolla, MO501(c)(3)support of research activities$24,793
Colorado School of MinesGolden, CO501(c)(3)support of research activities$24,345
YMCA of the USAChicago, IL-support of research activities$23,376
Parkinson's & Movement Disorder InstituteFountain Valley, CA501(c)(3)support of research activities$23,350
Horizon Research IncChapel Hill, NC501(c)(3)support of research activities$22,915
Asian Human Services IncChicago, IL501(c)(3)support of research activities$22,595
Park Nicollet InstituteSt Louis Park, MN501(c)(3)support of research activities$22,500
Norton Healthcare Foundation IncLouisville, KY501(c)(3)support of research activities$22,338
Oklahoma Medical Research FoundationOklahoma City, OK501(c)(3)support of research activities$21,417
Health Quest Medical Practice PCPoughkeepsie, NY115support of research activities$21,320
Rho Federal Systems Division IncChapel Hill, NC115support of research activities$21,158
Cleveland Clinic Lerner College of Medicine of CWRUCleveland, OH501(c)(3)support of research activities$21,148
Consulting Radiologists LTDMinneapolis, MN501(c)(3)support of research activities$20,390
Princeton UniversityPrinceton, NJ501(c)(3)support of research activities$20,100
EvMarkEvanston, IL501(c)(3)Support of community organization$20,000
National CemeteryJackson, MS501(c)(3)Support of community organization$20,000
United Service Organization of IllinoisChicago, IL501(c)(3)Support of charitable community organization$20,000
CJE SeniorLifeChicago, IL115support of research activities$19,689
National Jewish HealthDenver, CO501(c)(3)support of research activities$19,410
OptumHealth Care Solutions IncGolden Valley, MN115support of research activities$19,350
Louisiana State UniversityBaton Rouge, LA501(c)(3)support of research activities$19,114
Scheck & Siress Prosthetics IncOakbrook Terrace, IL115support of research activities$19,072
City of Hope National Medical CenterDuarte, CA501(c)(3)support of research activities$18,957
Chapin Hall Center for ChildrenChicago, IL115support of research activities$18,873
Chicago Youth CentersChicago, IL501(c)(3)support of research activities$18,586
Institute for Neurodegenerative DisordersNew Haven, CT501(c)(3)support of research activities$18,435
Seattle Children's Research InstituteSeattle, WA115support of research activities$17,925
Institute for Safe Medication PracticesHorsham, PA501(c)(3)support of research activities$17,892
Michigan Aerospace CorporationAnn Arbor, MI501(c)(3)support of research activities$17,881
AIDS Foundation of ChicagoChicago, IL501(c)(3)support of research activities$17,367
SHANTI BHAVAN CHILDREN'S PROJECTBoonton, NJ115Charitable fundraising conducted by student organization$17,000
Tufts UniversityBoston, MA115support of research activities$16,846
Protabit LLCPasadena, CA501(c)(3)support of research activities$16,825
University of LouisvilleLouisville, KY501(c)(3)support of research activities$16,457
Baylor College of MedicineHouston, TX501(c)(3)support of research activities$16,144
Children's Hospital of Wisconsin IncMilwaukee, WI501(c)(3)support of research activities$15,987
Corporation of Mercer UniversityMacon, GA501(c)(4)support of research activities$15,856
Environmental Law and Policy CenterChicago, IL115support of research activities$15,707
University of HawaiiHonolulu, HI501(c)(3)support of research activities$15,018
Des Moines University Osteopathic Medical CenterDes Moines, IA501(c)(3)support of research activities$14,230
Pacific Health Research and Education InstituteHonolulu, HI501(c)(3)support of research activities$14,220
Children's National Medical CenterWashington, DC501(c)(3)support of research activities$13,299
Truth Initiative FoundationWashington, DC115support of research activities$13,181
Academy for Urban LeadershipChicago, IL501(c)(3)Support of charitable community organization$12,962
Chicago Hispanic Health CoalitionChicago, IL501(c)(6)support of research activities$12,862
Dignity HealthSacramento, CA501(c)(6)support of research activities$12,450
National Patient Safety FoundationBoston, MA501(c)(3)support of research activities$12,448
Ravinia Festival AssociationHighland Park, IL501(c)(3)Support of charitable community organization$12,000
Evanston Chamber of CommerceEvanston, IL501(c)(3)Support of community organization$11,350
Texas A&M UniversityCollege Station, TX501(c)(3)support of research activities$11,266
Palo Alto UniversityPalo Alto, CA501(c)(3)support of research activities$10,861
Queen's Medical CenterHonolulu, HI501(c)(3)support of research activities$10,445
Iowa State UniversityAmes, IA501(c)(3)support of research activities$10,286
Central Coast Veterans Cemetery FoundationMarina, CA501(c)(3)Support of charitable community organization$10,000
Chicago UnitedChicago, IL501(c)(3)Support of charitable community organization$10,000
Children's Hospital Oakland Research InstituteOakland, CA501(c)(3)support of research activities$10,000
Clean Energy TrustChicago, IL501(c)(3)Support of charitable community organization$10,000
Lynn Sage Cancer Research FoundationChicago, IL115Support of charitable community organization$10,000
Millennium Park FoundationChicago, IL501(c)(3)Support of charitable community organization$10,000
Mitchell Museum of the American IndianEvanston, IL115Support of charitable community organization$10,000
San Joaquin Valley National CemeterySanta Nella, CA115Support of community organization$10,000
The Art Institute of ChicagoChicago, IL115Support of charitable community organization$10,000
Geneva FoundationTacoma, WA501(c)(3)support of research activities$9,559
Rancho Research InstituteDowney, CA501(c)(3)support of research activities$8,898
Texas Oncology PADallas, TX115support of research activities$8,834
Montana State UniversityBozeman, MT501(c)(3)support of research activities$8,812
University of AkronAkron, OH501(c)(3)support of research activities$8,749
Banner Alzheimer's InstitutePhoenix, AZ501(c)(3)support of research activities$8,616
Magee-Womens Research Institute & FoundationPittsburgh, PA501(c)(3)support of research activities$8,571
Thomas Jefferson UniversityPhiladelphia, PA115support of research activities$8,310
St Joseph's Hospital and Medical CenterPhoenix, AZ115support of research activities$7,738
North Dakota State UniversityFargo, ND501(c)(3)support of research activities$7,532
Hoosier Cancer Research NetworkIndianapolis, IN501(c)(3)support of research activities$7,500
Lyric Opera of ChicagoChicago, IL501(c)(3)Support of charitable community organization$7,500
Chicago Urban LeagueChicago, IL501(c)(3)Support of charitable community organization$7,000
Digestive Health FoundationChicago, IL501(c)(3)Support of charitable community organization$6,500
West Virginia University Research CorporationMorgantown, WV-support of research activities$6,500
Lyerly Baptist IncJacksonville, FL501(c)(3)support of research activities$6,350
Applied Communication SciencesBasking Ridge, NJ501(c)(3)support of research activities$6,273
Chicago Cubs CharitiesChicago, IL501(c)(3)Support of charitable community organization$6,000
Cardiac Surgery Clinical Research Center IncOak Lawn, IL501(c)(3)support of research activities$5,867
Saint Luke's Hospital (Kansas City MO)Kansas City, MO115support of research activities$5,368
Colorado State UniversityFort Collins, CO501(c)(3)support of research activities$5,241
Joliet Oncology Hematology Assoc LtdJoliet, IL501(c)(3)support of research activities$5,124

International Summary

Offices
1
Employees
288
Spending
$2,872,879,158

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsBusiness travel abroad (includes travel to attend seminars and conferences and research-related travel)00$2,266,320,000
Europe (Including Iceland and Greenland)InvestmentsBusiness travel abroad (includes travel to attend seminars and conferences and research-related travel)00$342,980,000
Sub-Saharan AfricaInvestmentsBusiness travel abroad (includes travel to attend seminars and conferences and research-related travel)00$122,060,000
North America (Canada & Mexico only)InvestmentsBusiness travel abroad (includes travel to attend seminars and conferences and research-related travel)00$73,320,000
Middle East and North Africa,Maintaining offices, employees, or agentsInternational campus in Doha, Qatar for students in journalism and communication1288$38,939,489
East Asia and the PacificProgram Services-00$4,523,660
Europe (Including Iceland and Greenland)Program Services-00$3,698,558
Europe (Including Iceland and Greenland)Program Services-00$3,611,285
Europe (Including Iceland and Greenland)GrantmakingBusiness travel abroad (includes travel to attend seminars and conferences and research-related travel)00$3,477,140
North America (Canada & Mexico only)Program Services-00$2,264,918
East Asia and the PacificProgram Services-00$1,908,883
Middle East and North AfricaProgram Services-00$1,570,440
North America (Canada & Mexico only)GrantmakingBusiness travel abroad (includes travel to attend seminars and conferences and research-related travel)00$1,546,069
Middle East and North AfricaProgram Services-00$700,088
Sub-Saharan AfricaProgram Services-00$698,011
East Asia and the PacificGrantmakingBusiness travel abroad (includes travel to attend seminars and conferences and research-related travel)00$643,204
South AmericaProgram Services-00$545,851
Sub-Saharan AfricaGrantmakingStudy abroad programs and courses abroad00$526,635
South AsiaProgram Services-00$512,511
North America (Canada & Mexico only)Program Services-00$481,406
Middle East and North AfricaGrantmakingBusiness travel abroad (includes travel to attend seminars and conferences and research-related travel)00$450,736
Sub-Saharan AfricaProgram Services-00$433,770
South AmericaProgram Services-00$309,749
Central America and the CaribbeanProgram Services-00$218,543
South AsiaProgram Services-00$194,441
South AsiaGrantmakingStudy abroad programs and courses abroad00$151,703
Central America and the CaribbeanProgram Services-00$140,375
Central America and the CaribbeanGrantmakingBusiness travel abroad (includes travel to attend seminars and conferences and research-related travel)00$136,996
South AmericaGrantmakingStudy abroad programs and courses abroad00$120,742
Europe (Including Iceland and Greenland)Fundraising-00$114,757
Sub-Saharan AfricaFundraising-00$65,935
East Asia and the PacificFundraising-00$48,172
Russia and Neighboring StatesProgram Services-00$46,017
Middle East and North AfricaFundraising-00$36,421
Europe (Including Iceland and Greenland),Program-related investmentsStudy abroad programs and courses abroad00$20,128
Europe (Including Iceland and Greenland)Unrelated Business ActivitiesStudy abroad programs and courses abroad00$17,922
Central America and the CaribbeanUnrelated Business ActivitiesStudy abroad programs and courses abroad00$16,425
South AmericaFundraising-00$15,770
North America (Canada & Mexico only)Fundraising-00$5,234
North America (Canada & Mexico only)Unrelated Business Activities-00$2,466
South AmericaUnrelated Business Activities-00$2,371
Russia and Neighboring StatesGrantmakingStudy abroad programs and courses abroad00$1,834
Sub-Saharan AfricaUnrelated Business Activities-00$258
East Asia and the PacificUnrelated Business ActivitiesStudy abroad programs and courses abroad00$245
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,370,565
Fundraising Direct Expenses$985,714
Professional Fundraising Fees$558,826

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dance Marathon$1,492,332$458,398$368,392$90,006
Cancer Benefit$791,100$6,600$55,000$-48,400
Total Events$3,928,106$1,370,565$985,714$384,851
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Substantial contributor, ownership interest over 35%Investment manager feesNo$1,012,515
-M. Jude Reyes, Trustee, ownership interest over 35%Softdrink purchases and vending commissionsNo$728,009
-A. Steven Crown, Trustee, ownership interest over 35%Lease of office spaceNo$422,500
-Family member of William A. Osborn, TrusteeEmploymentNo$80,385
-Family member of Alan K. Cubbage, OfficerEmploymentNo$80,278
-Family member of Joseph T. Walsh, OfficerEmploymentNo$57,542

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,272,582$880,000▼ $392,582
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Taxable bonds - series 2013$575,311,000
Taxable bonds - series 2015$499,366,000
Taxable bonds - series 2012$200,000,000
Deposits payable, actuarial liability of annuities payable$140,835,843
Government advances for student loans$37,766,000
Asset retirement obligations$2,940,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
CIllinois Finance Authority2015-06-04$146,017,057Acquire, construct or renovate university facilities
AIllinois Finance Authority2004-09-09$135,800,000ACQUIRE, CONSTRUCT OR RENOVATE UNIVERSITY FACILITIES & Equipment
BIllinois Finance Authority2008-06-25$125,000,000Acquire, construct or renovate university facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$146,081,419--$886,268
A$144,677,217--$1,039,400
B$126,815,680--$1,250,000

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 10A LOCAL CHAPTERS, BRANCHES

The university does not have local chapters, branches, lodges, units or similar affiliates. As described in schedule f, the university has one international campus, located in doha, qatar. The university has a number of affiliation agreements and arrangements with other research and educational institutions but the university does not have authority to exercise supervision and control of such institutions.

Form 990, Part VI, Line 16B JOINT VENTURES

The university does not have a written policy regarding joint ventures in general. However, joint venture agreements are reviewed by the university's office of general counsel to evaluate whether the agreement furthers the mission of the university and to ensure the safeguarding of university's assets. The university also has guidelines concerning joint ventures in its technology transfer and investment policies.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

Executive Committee of the Board of Trustees is comprised of 18 members of the governing body. The Executive Committee may exercise the power of the Board of Trustees between meetings with respect to ordinary business transactions.

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

Jay C. Hoag and M. Jude Reyes - Business relationship, Jay C. Hoag and Patrick G. Ryan Jr. - Business relationship, Lester B. Knight and D. Gideon Searle - Business relationship, Lester B. Knight and A. Steven Crown - Business relationship, Lester B. Knight and T. Bondurant French - Business relationship, Lester B. Knight and William A. Osborn - Business relationship, Lester B. Knight and M. Jude Reyes - Business relationship, Lester B. Knight and Christopher B. Galvin - Business relationship, Lester B. Knight and Frederick H. Waddell - Business relationship, Edward M. Liddy and D. Cameron Findlay - Business relationship, Edward M. Liddy and D. Gideon Searle - Business relationship, Edward M. Liddy and Miles D. White - Business relationship, M. Jude Reyes and A. Steven Crown - Business relationship, M. Jude Reyes and Patrick Ryan Jr. - Business relationship, M. Jude Reyes and Frederick H. Waddell - Business relationship, David B. Weinberg and M. Jude Reyes - Business relationship, Miles D. White and William A. Osborn - Business relationship, William A. Osborn and Edward M. Liddy - Business relationship, Charles A. Tribbett III and Frederick H. Waddell - Business relationship, Frederick H. Waddell and Edward M. Liddy - Business relationship, Muneer A. Satter and William A. Osborn - Business relationship, Muneer A. Satter and Patrick Ryan Jr. - Business relationship, Muneer A. Satter and Christopher B. Galvin - Business relationship

Form 990, Part VI, Line 11B Review of form 990 by governing body

An electronic copy of the University's final Form 990 (including all required schedules), was provided to each voting member of the University's governing body prior to filing. That version of the Form 990 is identical to the one ultimately filed with the IRS. Prior to providing a copy to the governing body, a draft of the Form 990 was provided for review to the Audit, Risk, and Compliance Committee of the Board of Trustees, which is comprised of a subset of members from the governing body who review the accounting procedures and controls of the University.

Form 990, Part VI, Line 12C Conflict of interest policy

University Bylaws and Statutes require that any conflict of interest of any Trustee, Officer or their immediate families be disclosed to the Board of Trustees in writing. An Officer shall call any conflict of interest to the attention of the President. If the matter is being considered by the Board of Trustees or one of its committees, such Officer is not permitted to participate in or make recommendations about the conflict of interest under discussion, except to the extent the Officer is required by the Trustees of other officers to answer pertinent questions related to the conflict. A Trustee having a conflict of interest shall call it to the attention of the Board or committee and shall abstain on voting on the subject. The Trustee is encouraged to answer pertinent questions when his/her knowledge of the subject will assist the Board or any of its committees. In addition, Trustees are subject to a Conflict of Interest Policy, which has been adopted by the Board of Trustees, and disclosures are reviewed annually. Potential conflicts of interest of Trustees and Officers are reviewed by the University's General Counsel. Pursuant to the University's staff and faculty Conflict of Interest Policies, employees are required to disclose potential conflicts of interest to the University on an annual basis. Employees receive annual reminders to complete a conflict of interest questionnaire and responses are submitted electronically and reviewed by each employee's supervisor. Potential conflicts are further reviewed by the University's Department of Human Resources and action taken by senior management as needed.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The Compensation Committee of the Board includes members of the University's governing body who are not related or controlled by the employees whose compensation they are reviewing. To assess the reasonableness of employee compensation, the Compensation Committee of the Board relies on formal survey and comparability data prepared and compiled by outside consultants who have expertise in the field of executive compensation assessment and benchmarking. The compensation committee of the board met in June 2014 to review and approve fiscal year 2015 (September 1, 2014 to August 31, 2015) salaries and met in June 2015 to review and approve fiscal year 2015 (September 1, 2015 to August 31, 2016) salaries. Actions undertaken by the compensation committee of the board are contemporaneously documented in the minutes of each meeting.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Compensation Committee of the Board reviewed and approved compensation of all current officers listed in Part VII, Section A.

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents: The University maintains an Office for University Relations where information requests from the public are processed. The organizing document by which the University was created, its charter, is available upon request.

Form 990, Part VIII, Line 2F Other Program Service Revenue

plant - Total Revenue: 7824205, Related or Exempt Function Revenue: 7824205, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

Parking garage - Total Revenue: 1525570, Related or Exempt Function Revenue: , Unrelated Business Revenue: 1525570, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Magazine advertising - Total Revenue: 32698, Related or Exempt Function Revenue: , Unrelated Business Revenue: 32698, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Transportation - Total Revenue: 4366, Related or Exempt Function Revenue: , Unrelated Business Revenue: 4366, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Northwestern University
EIN
36-2167817
Phone
8474913741
Address
633 Clark St, Evanston, IL 60208

Signing Officer

Name
Ingrid S Stafford
Title
Vice President Financial Operations
Signed
2017-07-13
Discuss with paid preparer
Yes

Organization Details

Formed
1851
Legal Domicile
Il
Voting Board Members
36
Independent Board Members
33
Employees
24,035
Volunteers
150

Preparer

Firm
PricewaterhouseCoopers
Address
600 13th Street NW Suite 1000, Washington, DC 20005
Preparer
Travis L Patton
Phone
2024141000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in value of derivative instruments - -1557000; Change in value of nonoperating items - 70672863;

Schedule F, Part I, Line 3 Program-related Investments

Program-related investments represent student loans disbursed during student's enrollment in international program.

Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS

Grants or other assistance are awarded to foreign organizations or entities pursuant to the University policies and procedures for all grant subawards. Such subawards are monitored through the University's office for Sponsored Research (OSR) and the University's office of Accounting Services for Research and Sponsored Programs (ASRSP). All subaward documentation including purchase orders, related charges and invoices are reviewed and monitored by ASRSP and confirmed with the principal investigator. The principal investigator must certify that the subaward costs are in accordance with the Office of Management and Budget's (OMB) Uniform Guidance (Uniform Administrative Requirements, Cost Principles, and Audit Requirements); also, ASRSP requests and collects audit reports from subaward recipients to monitor compliance, as required by the Uniform Guidance. If the information is not furnished to ASRSP, payment may be withheld. Grants and other assistance are awarded to students on the basis of financial need following University policies developed to meet regulatory requirements (federal methodology) and guided by the College Board (institutional methodology). Merit scholarships are awarded based upon talent (eg, academic, music, and athletic). All of these awarded grants are allowed to be used by the students towards any type of costs; no subsequent monitoring is required.

Schedule J, Part I, Line 7 Non-fixed payments

The President and nine interested persons received a non-fixed payment related to a recognition bonus. One officer was offered non-fixed payment related to travel, domestic services, apparel and tickets.

Financial Statement Notes

Schedule D, Part III, Line 1A ART COLLECTIONS

Explanation: the university does not capitalize collections. As stated in the university notes to the financial statements, the accounting policy for library collections is to expense all purchases. Museum purchases are accounted for similarly. Gifts of art and similar tangible personal property are accounted for as gifts-in-kind.

Schedule D, Part X LINE 4 - ASSET RETIREMENT OBLIGATIONS

The university records all known asset retirement obligations (aro) for which the fair value of the liability can be reasonably estimated, including certain obligations relating to regulatory remediation. Aro covered include those for which an entity has a legal obligation to perform an asset retirement activity; however, the timing and/or method of settling the obligation are conditional on a future event that may or may not be within the control of the entity.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The University's endowment funds purposes include instruction, research, library collections, scholarships and awards, and building construction.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The University makes an assessment of individual tax positions and follows a process for recognition and measurement of uncertain tax positions. Tax positions are evaluated on whether they meet the "more likely than not" standard for sustainability on examination by tax authorities.

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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd15X
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IRS990/Form990PartVIISectionAGrp/OfficerInd17X
IRS990/Form990PartVIISectionAGrp/OfficerInd18X
IRS990/Form990PartVIISectionAGrp/OfficerInd19X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt320
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt330
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt340
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt350
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19,218$3,590$15,628$4,178$3,934$244
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18,625$3,268$15,357$4,010$3,344$666
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$19,370$3,304$16,066$3,679$3,031$648
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15,847$3,384$12,463$3,141$3,013$127
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15,193$3,165$12,028$3,108$3,029$79.1
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$15,469$3,228$12,242$3,144$2,958$186
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$14,486$2,805$11,681$2,955$2,767$188
2016Detailed filing. Detailed filing data is available for this year.$13,659$2,638$11,020$2,833$2,581$252
2015Detailed filing. Detailed filing data is available for this year.$13,434$2,637$10,797$2,924$2,432$492
2014Detailed filing. Detailed filing data is available for this year.$12,774$2,107$10,667$2,896$2,331$565
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10,890$1,754$9,135$2,221
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9,839$1,740$8,099$2,100
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8,363$1,579$6,784$1,983