Barat College in Chicago, Illinois (IL)

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Barat College
Employer Identification Number (EIN)362181950
Name of OrganizationBarat College
In Care of NameBonnie A Frankel
Address1 E Jackson Blvd, Chicago, IL 60604
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization, Religious Organization
Ruling Date04/1945
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$-8,947,586
Amount of Income$841,715
Form 990 Revenue Amount$841,715
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)


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Amount of income in 2013: $841,715
This organization: 

 $841,715
Other organizations performing similar types of work: 

 $66,253,053

Assets in 2013: $-8,947,586
Barat College: 

 $-8,947,586
Other organizations performing similar types of work: 

 $118,174,264

Expenses in 2004: $3,818,868
Barat College: 

 $3,818,868
Other organizations performing similar types of work: 

 $52,716,293

Income to expenses ratio in 2004: 0.2
This organization: 

 0.2
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2004: 46.2%
This organization: 

 46.2%
Other organizations performing similar types of work: 

 83.2%

Grants share in income in 2004: 25.9%
This organization: 

 25.9%
Other organizations performing similar types of work: 

 4.4%

Financial snapshot ($)

Revenue for 2004

Assets at end of 2004

Expenses for 2004

Functional Expenses for 2004 ($)

Income-Producing Activities for 2004

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004
Total revenue$12,717,723$9,734,659$5,834,370$2,748,696$841,715
Contributions, gifts, grants, and similar amounts received$695,087$84,305$1,043,526$555,294$217,614
Contributions to donor advised funds
Direct public support$533,925$51,426$273,117$328,537$84,466
Indirect public support$0$0$0$0$68,664
Government contributions (grants)$161,162$32,879$770,409$226,757$64,484
Program service revenue including government fees and contracts$11,796,517$9,352,014$4,704,712$2,066,753$621,912
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0
Dividends and interest from securities$22,423$28,010$6,917$3,541$2,045
Net rental income or (loss)$44,839$0$0$0$0
Gross rents$67,283$0$0$0$0
Less: rental expenses$22,444$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$157,349$0$0$0$0
Gross amount from sales of assets other than inventory$707,042$0$0$0$0
Less: cost or other basis and sales expenses$549,693$0$0$0$0
Net income or (loss) from special events and activities$-22$0$0$0$0
Gross revenue$26,155$0$0$0$0
Less: direct expenses other than fundraising expenses$26,177$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$1,530$270,330$79,215$123,108$144
Total expenses$14,980,766$14,184,177$7,937,958$3,754,454$3,818,868
Program services$10,386,503$10,854,908$6,225,677$3,349,640$1,765,977
Management and general$1,047,791$3,329,269$1,712,281$404,814$2,052,891
Fundraising$3,546,472$0$0$0$0
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$5,210,157$760,639$-1,344,876$-5,970,433$-8,947,586
Excess or (deficit) for the year$-2,263,043$-4,449,518$-2,103,588$-1,005,758$-2,977,153
Net assets or fund balances at beginning of year$7,473,505$5,210,157$760,639$-1,344,876$-5,970,433
Other changes in net assets or fund balances$-305$0$-1,927$-3,619,799$0
Statement of Functional Expenses (for 2004)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,818,868$1,765,977$2,052,891$0
Grants paid from donor advised funds
Other grants and allocations$325,684
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
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)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$137,857$137,857$0$0
Depreciation, depletion, etc.$54,143$54,143$0$0
Other expenses not covered above$3,301,184$1,248,293$2,052,891$0
Balance Sheets
20002001200220032004
Total assets$14,931,447$14,488,139$13,583,552$9,667,188$7,418,120
Cash - non-interest-bearing$447,130$688,189$337,000$632,470$539,160
Savings and temporary cash investments$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$313,202$398,744$434,424$217,474$50,191
Pledges receivable less allowance for doubtful accounts$441,925$341,600$246,680$165,096$0
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$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)
Other notes and loans receivable less allowance for doubtful accounts$573,857$528,332$458,148$382,123$302,581
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$135,730$68,494$56,398$52,768$48,291
Investments - publicly-traded securities
Investments - other securities$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$53,697$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$11,216,303$10,738,949$10,330,682$6,532,041$6,477,897
Other assets, including program-related investments$1,749,603$1,723,831$1,720,220$1,685,216$0
Total liabilities$9,721,290$13,727,500$14,928,428$15,637,621$16,365,706
Accounts payable and accrued expenses$1,338,067$148,964$181,275$101,895$76,527
Grants payable$0$0$0$0$0
Deferred revenue$155,833$97,363$203,054$161,939$103,792
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$4,636,365$4,363,638
Mortgages and other notes payable$5,463,126$5,675,781$4,909,092$0$0
Other liabilities$2,764,264$7,805,392$9,635,007$10,737,422$11,821,749
Total liabilities and net assets/fund balances$14,931,447$14,488,139$13,583,552$9,667,188$7,418,120
Total net assets or fund balances$5,210,157$760,639$-1,344,876$-5,970,433$-8,947,586
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004
Total revenue$12,717,723$9,734,659$5,834,370$2,748,696$841,715
Total revenue, gains, and other support per audited financial statements$9,295,523$7,591,710$4,847,785$1,941,492$516,031
Other expenses$22,444$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$22,444$0$0$0$0
Other revenue$3,444,644$2,142,949$986,585$807,204$325,684
Investment expenses$0$0$0$0$0
Other$3,444,644$2,142,949$986,585$807,204$325,684
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004
Total expenses$14,980,766$14,184,177$7,937,958$3,754,454$3,818,868
Total expenses and losses per audited financial statements$11,558,566$12,041,228$6,951,373$6,567,049$3,493,184
Other revenue$22,444$0$0$3,619,799$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$3,619,799$0
Other$22,444$0$0$0$0
Other expenses$3,444,644$2,142,949$986,585$807,204$325,684
Investment expenses$0$0$0$0$0
Other$3,444,644$2,142,949$986,585$807,204$325,684
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
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?
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?
Does the organization have a written conflict of interest policy?
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?Yes
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?Yes
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)?
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?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2004)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,189$621,912
Program service revenue
Program service revenue 1000000$000$0$529,204
Program service revenue 2000000$000$0$92,708
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$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)$2,045$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$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$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$144$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2004)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2004)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2004)
Expenses paid or incurred in connection with the lobbying activities$0
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?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
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
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003
Total$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$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
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
Net income from unrelated business activities not included above$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
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
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2004)
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wheaton College501 College Ave, Wheaton, IL 60187-5501IL1976-01$303,501,365
2Lake Forest College555 N Sheridan Rd, Lake Forest, IL 60045-2338IL1934-02$185,263,966
3Augustana College639 38th St, Rock Island, IL 61201-2296IL1937-07$165,130,560
4Robert Morris University Illinois401 S State Street, Chicago, IL 60605-1229IL1965-12$151,419,048
5Knox College2 E South Street, Galesburg, IL 61401-4999IL1935-10$122,010,947
6Millikin University1184 W Main St, Decatur, IL 62522-2039IL1946-10$101,503,013
7Illinois Wesleyan UniversityPO BOX 2900, Bloomington, IL 61702-2900IL1940-10$100,083,766
8Mckendree University, Mckendree University - Alpha Phi Omega701 College Rd, Lebanon, IL 62254IL1943-05$81,213,346
9Trinity International University2065 Half Day Rd, Deerfield, IL 60015-1241IL1949-11$69,409,420
10Monmouth College700 E Broadway, Monmouth, IL 61462-1963IL1936-05$64,470,095
11Illinois College1101 W College Ave, Jacksonville, IL 62650-2212IL1941-03$55,776,404
12Quincy University Corporation1800 College Ave, Quincy, IL 62301-2670IL1940-09$49,456,352
13Greenville College315 E College Ave, Greenville, IL 62246-1145IL1942-11$46,892,906
14Trinity Christian College Association6601 W College Dr, Palos Heights, IL 60463-1768IL1961-07$38,406,014
15Judson University A Baptist Institution, World Leaders Forum Foundation1151 N State St, Elgin, IL 60123-1404IL1965-04$36,616,922
16Talladega College627 Battle St W, Talladega, AL 35160-2354AL1945-05$18,799,314
17Breakthrough Bible Institute College Inc4305 St Barnabas Rd 402 4305 St Barnabas Rd, Temple Hill, MD 20748MD2007-03$408,000
18Campbell Bible CollegePO BOX 12567, Charleston, SC 29422-2567SC2007-07$8,700
19Martin College11469 Olive Blvd Pmb 116, St Louis, MO 63141-7108MO1999-05$0
20Williams Baptist College60 W Fulbright Ave, Walnut Ridge, AR 72476-9000AR2002-06$0
Number of organizations performing similar types of work
Alabama8
Arkansas8
California16
Connecticut5
District of Columbia2
Florida11
Georgia13
Iowa15
Idaho2
Illinois21
Indiana16
Kansas8
Kentucky10
Louisiana2
Massachusetts28
Maryland7
Maine6
Michigan14
Minnesota9
Missouri11
Mississippi5
Montana2
North Carolina18
North Dakota2
Nebraska6
New Hampshire7
New Jersey8
New Mexico4
Nevada1
New York33
Ohio26
Oklahoma3
Oregon3
Pennsylvania36
Rhode Island1
South Carolina10
South Dakota4
Tennessee12
Texas9
Virginia12
Vermont5
Washington2
Wisconsin11
West Virginia6
International2
Total440

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