2023-04-17T10:46:17-05:00 2022-05-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2021-06-01 410706151 NORTH CENTRAL UNIVERSITY NORT 6123434464 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 SCOTT HAGAN PRESIDENT 6123434464 2023-04-17 1 SCOTT HAGAN 999009999 SARAH HINTZ P00492291 3037795710 2023-04-04 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z SCOTT HAGAN 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 45157744 0 1678 X WWW.NORTHCENTRAL.EDU X 1930 MN TO TRAIN AND PREPARE LEADERS TO SERVE THEIR COMMUNITY, CHURCH AND WORLD ACCORDING TO THEIR VOCATION AND GIFTS. 28 28 715 50 0 0 5976975 8477538 29769403 28319581 738694 357659 531277 623628 37016349 37778406 13085107 12753832 0 0 13974770 12917657 0 0 522727 10432667 11920418 37492544 37591907 -476195 186499 51515208 48028269 11337454 8251409 40177754 39776860 X NORTH CENTRAL UNIVERSITY IS A CHRISTIAN UNIVERSITY WITH A COMMITMENT TO ACADEMIC EXCELLENCE. 0 0 33118708 12753832 28319581 NORTH CENTRAL UNIVERSITY (THE UNIVERSITY) IS A CHRISTIAN UNIVERSITY, WITH AN URBAN AND INTERNATIONAL FOCUS, WHOSE PURPOSE IS TO PREPARE PENTECOSTAL LEADERS TO SERVE GOD IN THE CHURCH, THEIR COMMUNITY, AND THE WORLD. THE UNIVERSITY OFFERS ABOUT SIXTY AREAS OF STUDY THROUGH ITS COLLEGE OF ARTS AND SCIENCES, COLLEGE OF FINE ARTS, AND COLLEGE OF CHURCH LEADERSHIP. THE CURRICULUM IS SUPPORTED WITH A CHRISTIAN WORLD VIEW DEVELOPED THROUGH A MEANINGFUL, INTEGRATED GENERAL EDUCATION CORE PROGRAM. THE UNIVERSITY TRAINS STUDENTS TO SERVE GOD IN A VARIETY OF WAYS ACCORDING TO THEIR VOCATION AND GIFTS. PROGRAM FOCUS AT NORTH CENTRAL IS PARTICULARLY UPON URBAN AND INTERNATIONAL SETTINGS, UTILIZING THE METROPOLITAN CONTEXT OF THE MINNEAPOLIS-ST. PAUL AREA AS A LABORATORY FOR EFFECTIVE MINISTRY AND WORK IN THE MARKETPLACE, IN ADDITION TO PROVIDING A FULL ARRAY OF CREATIVE INTERNATIONAL LEARNING OPPORTUNITIES. NORTH CENTRAL IS A COEDUCATIONAL, PRIMARILY UNDERGRADUATE RESIDENTIAL UNIVERSITY, OPERATED BY 11 ASSEMBLIES OF GOD DISTRICTS OF THE UPPER MIDWEST. FOUNDED IN 1930, THE UNIVERSITY CURRENTLY SERVES A POPULATION OF ABOUT 1,100 STUDENTS. 33118708 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1323 0 1 715 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X TIMOTHY HAGER 6123434464 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 RON BONTRAGER BOARD CHAIR 2.00 X X 0 0 0 MARK DEAN VICE CHAIR 2.00 X X 0 0 0 PEGGY DUNSTON SECRETARY 2.00 X X 0 0 0 KWAME ANKU REGENT 2.00 X 0 0 0 JULIE BOYNTON REGENT 2.00 X 0 0 0 RAY BREWER REGENT 2.00 X 0 0 0 LINDA COLLINS REGENT 2.00 X 0 0 0 ERIK COOPER REGENT 2.00 X 0 0 0 JOHN DAVIS REGENT 2.00 X 0 0 0 SHAWN DOCKTER REGENT 2.00 X 0 0 0 DON GIFFORD REGENT 2.00 X 0 0 0 GARY GROGAN REGENT 2.00 X 0 0 0 PATRICK GUIRE REGENT 2.00 X 0 0 0 AARON HILAVIN REGENT 2.00 X 0 0 0 ROB KETTERLING REGENT 2.00 X 0 0 0 KATHY MADSON REGENT 2.00 X 0 0 0 NATE RUCH REGENT 2.00 X 0 0 0 STEPHEN SCHAIBLE REGENT 2.00 X 0 0 0 TOBY SCHNECKLOFF REGENT 2.00 X 0 0 0 PHIL SCHNEIDER REGENT 2.00 X 0 0 0 JON SILVESTER REGENT 2.00 X 0 0 0 KIRBY ST JOHN REGENT 2.00 X 0 0 0 BILL SVOBODA REGENT 2.00 X 0 0 0 WINSTON TITUS REGENT 2.00 X 0 0 0 BRAD TRASK REGENT 2.00 X 0 0 0 STEVE TRIPP REGENT 2.00 X 0 0 0 JAMES WEAVER REGENT 2.00 X 0 0 0 FRED WASHINGTON REGENT 2.00 X 0 0 0 SCOTT HAGAN PRESIDENT 40.00 X 78189 0 158076 GREGORY LEEPER VP ACADEMIC AFFAIRS 40.00 X 126964 0 36908 DOUR GRAHAM VP SPIRITUAL LIFE 40.00 X 106308 0 6378 ANDREW DENTON EXECUTIVE VP (LEFT JULY 2021) 40.00 X 98069 0 20899 LAWRENCE BACH DEAN COLLEGE OF FINE ARTS 40.00 X 226996 0 27858 636526 0 250119 3 0 1 0 SODEXO AFFILIATES 500 ROSS ST 154-0455 PITTSBURGH PA 152620001 FOOD SERVICES 1985647 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 29502 CONSULTING SERVICES 428199 DLR GROUP 520 NICOLLET MALL SUITE 200 MINNEAPOLIS MN 55402 ARCHITECTURAL AND DESIGN SERVICES 426923 PRESIDIO NETWORKED SOLUTIONS GROUP LLC PO BOX 677638 DALLAS TX 752677638 IT SERVICES 184142 WEXFORD COMMERCIAL CONSTRUCTION LLC 6800 FRANCE AVE S EDINA MN 55435 CONSTRUCTION SERVICES 128523 6 156010 6753260 1568268 8477538 TUITION FEES 611600 21057538 21057538 RESIDENT HALL 611710 2772920 2772920 STUDENT FINANCIAL AID 611710 2090862 2090862 CAFETERIA 611710 2041316 2041316 OTHER AUXILIARY REVENUE 611710 356945 356945 28319581 367632 367632 7064027 7074000 -9973 -9973 -9973 11400 156010 98634 -87234 -87234 195443 206704 -11261 -11261 MISCELLANEOUS INCOME 900099 722123 722123 722123 37778406 28319581 0 981287 12753832 12753832 607411 516300 85037 6074 10058497 8284070 1549833 224594 244204 208257 33505 2442 1332621 1011282 263598 57741 674924 575575 92600 6749 53397 53397 70433 70433 27728 20156 7572 761539 577635 125814 58090 356525 348085 4874 3566 806182 539791 255561 10830 537047 263084 273088 875 1129245 981832 111871 35542 417625 333194 73153 11278 218789 188381 16702 13706 84587 84587 2264673 2006500 183439 74734 812 812 STUDENT EXPENSES 1974910 1949760 20737 4413 MEAL PLAN EXPENSE 1593994 1576231 17763 MISCELLANEOUS EXPENSES 1069780 466752 602673 355 EQUIPMENT & MAINTENANCE 391345 308685 82660 161807 124719 25350 11738 37591907 33118708 3950472 522727 997474 247716 5864420 2980277 1139766 1422221 46776 57787 628502 824431 71856571 36992776 34812549 34863795 5828479 5494691 1368991 1419640 599597 518881 228654 198830 51515208 48028269 1339213 944024 3221056 2893463 22814 29906 2115758 -24062 3556734 3378679 1081879 1029399 11337454 8251409 X 33098939 32614939 7078815 7161921 40177754 39776860 51515208 48028269 186499 -587393 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4432773 25240 -268180 40384 4149449 3425751 217154 823907 34039 4432773 3316295 75613 76419 42576 3425751 3308586 19938 39928 52157 3316295 3148687 44307 149251 33659 3308586 0.02271 0.97729 0.00000 0 0 6165399 6165399 22958384 10108252 12850132 24412770 14389752 10023018 11745681 10988441 757240 6574337 1506331 5068006 34863795 DEPOSITS 171072 ASSET RETIREMENT OBLIGATION 190922 ANNUITIES PAYABLE 78603 POST RETIREMENT BENEFIT OBLIGATION 588802 1029399 X 24871810 -587393 305338 -282055 25153865 12624541 12624541 37778406 25272704 305338 305338 24967366 12624541 12624541 37591907 PART IV, LINE 2B: THE UNIVERSITY HAS STUDENT ORGANIZATIONS RAISE MONEY BY HOLDING CAR WASHES, BAKE SALES, ETC. TO BE USED FOR ACTIVITIES THAT THE STUDENTS WILL PARTICIPATE AND/OR RUN. THE ORGANIZATIONS ON CAMPUS ALSO PLAN MINISTRY AND/OR MISSIONS TRIPS WHERE FUNDS RAISED MAY COME FROM RELATIVES/FRIENDS OR THE STUDENT PERSONALLY. THE FUNDS RAISED ARE THEN USED BY THE PARTICULAR ORGANIZATION TO ENABLE STUDENTS TO TRAVEL INTO AN INTERNATIONAL SETTING TO EXPERIENCE CULTURE AND PERFORM MINISTRY TO THE LOCAL COMMUNITY. THE FUNDS RAISED ARE HELD BY THE UNIVERSITY UNTIL DISBURSED TO THE STUDENT ORGANIZATIONS. TOTAL FUNDS HELD BY THE UNIVERSITY TOTALED $29,906 AT MAY 31, 2022. PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LONG-TERM MISSION OF THE UNIVERSITY. THE FUND WAS USED FOR SCHOLARSHIPS AND OPERATIONS EXPENSE. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS ALSO EXEMPT FROM MINNESOTA TAXES UNDER MINNESOTA STATUTE CHAPTER 290.05. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. THE UNIVERSITY HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX FILING THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS GUIDANCE HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY'S TAX FILINGS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE UNIVERSITY IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. THE UNIVERSITY IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 98,634. COST OF GOODS SOLD 206,704. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 9,267,482. SCHOLARSHIPS REPORTED NET IN FINANCIAL STATEMENTS 3,357,059. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 98,634. COST OF GOODS SOLD 206,704. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 9,267,482. SCHOLARSHIPS REPORTED NET IN FINANCIAL STATEMENTS 3,357,059. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EVERY BROCHURE INCLUDES THE PHRASE: "NORTH CENTRAL UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, SEX, NATIONAL ORIGIN, AGE OR DISABILITY." SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AND STATE FUNDING. BANQUET 161910 150510 11400 43496 52112 126 GOLF TOURNAMENT 5500 5500 2900 167410 156010 11400 43496 52112 126 2900 98634 -87234 1 FEDERAL PELL GRANT 403 1834664 N/A N/A SUPPLEMENTAL ED. OPPORTUNITY GRANT 95 101651 N/A N/A MINNESOTA STATE GRANT 255 1522395 N/A N/A FINANCIAL ASSISTANCE - NORTH CENTRAL UNIVERSITY INSTITUTIONAL AID 800 9267482 N/A N/A COLLEGE MATCH FED WORK STUDY 57 27640 N/A N/A PART I, LINE 2: THE UNIVERSITY REVIEWS AND APPLIES CRITERIA BASED ON CIRCUMSTANCE, GRADE-POINT AVERAGE AND NEED. THE PROCESS IS APPLIED CONSISTENTLY TO ALL STUDENTS OF THE INSTITUTION. FINACIAL AID MONITORS ALL THE SCHOLARSHIPS THAT ARE AWARDED TO MAKE SURE THEY ARE WITHIN GUIDELIENS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LAWRENCE BACH DEAN COLLEGE OF FINE ARTS 188227 0 0 0 38769 0 13864 0 13994 0 254854 0 0 0 SCOTT HAGAN PRESIDENT 78189 0 0 0 0 0 24237 0 133839 0 236265 0 0 0 GREGORY LEEPER VP ACADEMIC AFFAIRS 101964 0 0 0 25000 0 8173 0 28735 0 163872 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE WAS PROVIDED TO THE FOLLOWING INDIVIDUALS: GREGORY LEEPER, LAWRENCE BACH AND ANDREW DENTON. THE HOUSING ALLOWANCE IS INCLUDED IN THE TAXABLE INCOME OF THE EMPLOYEE. THE HOUSING ALLOWANCE WAS PROVIDED TO THE FOLLOWING INDIVIDUALS: SCOTT HAGAN. THE HOUSING ALLOWANCE WAS NOT INCLUDED IN THE TAXABLE INCOME OF THE EMPLOYEE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE PRESIDENT OF THE UNIVERSITY, THE CHAIR, THE VICE-CHAIR AND THE SECRETARY-TREASURER OF THE BOARD, AND FOUR OTHER BOARD MEMBERS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO TRANSACT ANY NECESSARY BUSINESS THAT MAY ARISE BETWEEN MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY CONSISTS OF THE FOLLOWING: THE DISTRICT SUPERINTENDENT, THE DISTRICT YOUTH DIRECTOR, AND TWO OTHER MEMBERS. THEY ARE APPOINTED TO THE BOARD OF REGENTS BY EACH OF THE FOLLOWING DISTRICTS OF THE ASSEMBLIES OF GOD: ILLINOIS, INDIANA, IOWA, MICHIGAN, MIDWEST LATIN AMERICAN, MINNESOTA, NEBRASKA, NORTH DAKOTA, NORTHERN MISSOURI, SOUTH DAKOTA AND WISCONSIN-NORTHERN MICHIGAN. IN ADDITION, THE PRESIDENT OF THE COLLEGE AND THE EXECUTIVE PRESBYTER OF THE NORTH CENTRAL REGION OF THE GENERAL COUNCIL OF THE ASSEMBLIES OF GOD ARE GIVEN VOTING POSITIONS ON THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED BY MANAGEMENT AND THE EXECUTIVE COMMITTEE PRIOR TO FILING. A PUBLIC INSPECTION COPY OF THE RETURN WAS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND MEMBERS OF THE BOARD OF REGENTS. THE EXECUTIVE COMMITTEE REVIEWS ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST THAT ARE REPORTED, AND TAKES ACTION IF NECESSARY. IF BOARD ACTION IS REQUIRED, THE BOARD MEMBER WITH A CONFLICT OF INTEREST WOULD BE EXCUSED FROM THE VOTING PROCESS TO HELP AVOID THE CONFLICT. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OBTAINS SALARY DATA THROUGH NUMEROUS SURVEY SOURCES AND OTHER PUBLICLY AVAILABLE DATA FOR COMPARABLE INSTITUTIONS. THE BOARD OF REGENTS REVIEWS THE INFORMATION FOR RECOMMENDATION AND APPROVAL. THE DECISION-MAKING PROCESS AND ALL DELIBERATION ARE WELL DOCUMENTED IN MEETING MINUTES. THE PROCESS WAS LAST COMPLETED IN 2017 FOR THE UNIVERSITY PRESIDENT. THE BOARD OF REGENTS REVIEWS PRIOR YEAR FINANCIAL RESULTS AND CURRENT ENROLLMENT GOALS IN CONJUNCTION WITH OTHER COMPARABLE DATA WHEN SETTING COMPENSATION FOR OTHER OFFICERS. THE LAST APPROVAL WAS COMPLETED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE MINNESOTA SECRETARY OF STATE, AND UPON REQUEST. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED FROM THE PRIOR YEAR.