2023-05-15T15:30:13+00:00 2022-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2021-07-01 362169157 North Central College NORT 6306375680 30 N Brainard Street Naperville IL 60540 Maryellen J Skerik Vice President for Finance 2023-05-15 true Maryellen J Skerik 999009999 Jennifer Burke P01342224 3128997000 2021 2023-04-26 12:10:37Z Dr Donna M Carroll 30 N Brainard Street Naperville IL 60540 184514840 false X www.northcentralcollege.edu X 1861 IL WE ARE A DIVERSE COMMUNITY OF LEARNERS DEDICATED TO PREPARING STUDENTS TO BE CURIOUS, ENGAGED, ETHICAL, AND PURPOSEFUL CITIZENS AND LEADERS IN LOCAL, NATIONAL AND GLOBAL CONTEXTS. 38 32 1622 50 191087 0 12047234 13966943 120334222 121742055 3026810 11596683 387097 1050239 135795363 148355920 55610688 56891716 0 41374254 43711163 2706 2013 1608924 34942222 42404216 131929870 143009108 3865493 5346812 398179906 360900664 110846502 94658880 287333404 266241784 SEE SCHEDULE O false false 99612067 56891716 106346610 INSTRUCTION, ACADEMIC SUPPORT, ACADEMIC ADVISING & FINANCIAL AID, FACULTY INSTRUCTION FOR DEGREE CANDIDATES, AND MASTER'S DEGREE PROGRAMS ARE PROVIDED. 90% OF THE FULL-TIME TEACHING FACULTY MEMBERS HAVE A DOCTORATE OR TERMINAL DEGREE. PROVOST, LIBRARY SERVICES, DISABILITIES SUPPORT SERVICES, TUTORING ASSISTANCE, AND ACADEMIC COMPUTING ARE INCLUDED IN ACADEMIC SUPPORT. 17557025 15681269 AUXILIARY SERVICES INCLUDE RESIDENCE LIFE, STUDENT HOUSING, AND FOOD SERVICES. FACILITIES INCLUDE A FULL-SERVICE DINING HALL AND RETAIL FOOD OPTIONS. THE COLLEGE STORE AND STUDENT GATHERING SPACES. APPROXIMATELY 1,201 OF THE FULL-TIME STUDENTS RESIDE IN COLLEGE-OWNED PROPERTIES. 100% OF RESIDENT STUDENTS ARE REQUIRED TO PURCHASE A MEAL PLAN. 15832603 STUDENT SERVICES AND ATHLETICS INCLUDE ADMISSIONS, INTERNATIONAL RECRUITING, FINANCIAL AID ADMINISTRATION EXPENSES, REGISTRAR, DEAN OF STUDENTS, MINISTRY AND SERVICE, CAREER DEVELOPMENT, THE WELLNESS CENTER, STUDENT INVOLVEMENT, ORIENTATION, MULTICULTURAL AFFAIRS, AND ATHLETIC ACTIVITIES. NCC MAINTAINS 27 NCAA DIVISION III PROGRAMS (13 MALE AND 14 FEMALE VARSITY SPORTS). 133001695 true true false true false false true false true true true false false true true true false true false true false false false false false false true true true true false false false false false false false false true true true false false false false true false false false true 3748 0 true 1622 true true true false false false false true true false false true false false false X 38 32 true false false false false false false true true false false true true true true true true true true false IL X Maryellen J Skerik 6306375678 30 N Brainard Street Naperville IL 60540 DAVID W KELSCH Vice Chair, Business Affairs 1.0 X X 0 0 0 DONALD SHARP Vice Chair, Institutional Advancement 1.0 X X 0 0 0 ERIN L BISHOP Vice chair, enrollment and student affairs 1.0 X X 0 0 0 JAMES A MCDERMET Chair of the Board 20.0 X X 0 0 0 KEVIN M GENSLER Board Secretary 1.0 X X 0 0 0 STEPHEN T SELLERS Vice Chair, Academic Affairs 1.0 X X 15441 0 0 TROY HAMMOND PRESIDENT 60.0 X X 823200 0 66287 ALI SETORK TRUSTEE 1.0 X 0 0 0 ANDREA BECK TRUSTEE 1.0 X 0 0 0 ANNETTE KENNEY TRUSTEE 1.0 X 0 0 0 CARLI FRANKS TRUSTEE 1.0 X 0 0 0 ESTHER T BENJAMIN TRUSTEE 1.0 X 0 0 0 HEE-SOO JUNG TRUSTEE 1.0 X 0 0 0 HOLLY HUMPHREY TRUSTEE 1.0 X 0 0 0 INSUN HO TRUSTEE 1.0 X 0 0 0 JEFF OESTERLE TRUSTEE 1.0 X 0 0 0 JEFFREY K SWALLOW TRUSTEE 1.0 X 0 0 0 JOHN HOPKINS TRUSTEE 1.0 X 0 0 0 JOHN KALTENMARK TRUSTEE 1.0 X 0 0 0 JONATHAN DESOUZA TRUSTEE 1.0 X 0 0 0 JOSEPH MALLON TRUSTEE 1.0 X 0 0 0 KATHRYN BIRKETT TRUSTEE 1.0 X 0 0 0 KRIS HARTNER TRUSTEE 1.0 X 0 0 0 LEE WOOLLEY TRUSTEE 1.0 X 0 0 0 MARIA E WYNNE TRUSTEE 1.0 X 0 0 0 MATTHEW S BRILL TRUSTEE 1.0 X 0 0 0 MAUREEN RYAN TRUSTEE 1.0 X 0 0 0 MICHAEL R NASET TRUSTEE 1.0 X 0 0 0 NANCY HANSON TRUSTEE 1.0 X 0 0 0 PETER P JONES TRUSTEE 1.0 X 0 0 0 RAY KINNEY TRUSTEE 1.0 X 0 0 0 Ronald Lueptow Trustee (until May 2022) 1.0 X 0 0 0 ROWENA SALAS TRUSTEE 1.0 X 0 0 0 SANJEEB KHATUA TRUSTEE 1.0 X 0 0 0 SCOTT WEHRLI TRUSTEE 1.0 X 0 0 0 STEVEN H HOEFT Trustee 1.0 X 0 0 0 STEVEN RUBIN TRUSTEE 1.0 X 0 0 0 TOM MIERS TRUSTEE 1.0 X 0 0 0 TRACI MORRIS TRUSTEE 1.0 X 0 0 0 ABIODUN GOKE-PARIOLA PROVOST/VP FOR ACADEMIC AFFAIRS 60.0 X 242652 0 45912 JAMES GODO VP COMMUNICATION AND STRATEGIC INITIATIVES 60.0 X 172092 0 15326 JESSICA BROWN VP FOR ENROLLMENT MANAGEMENT AND ATHLETICS Started 08.11.21 60.0 X 68678 0 0 MARYELLEN SKERIK VP FOR FINANCE 60.0 X 199028 0 20825 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 60.0 X 184252 0 45736 MICHAEL HUDSON VP FOR OPERATIONS 60.0 X 173298 0 47069 RICK E SPENCER VP INSTITUTIONAL ADVANCEMENT Until 07.15.21 60.0 X 139846 0 44317 FRANK HARWATH PROF/DIRECTOR OF ENGINEERING 50.0 X 143986 0 24936 MARY GROLL DIRECTOR PHYSICIAN ASSISTANT PROGRAM 50.0 X 146101 0 25823 PETER BARGER ASSOCIATE PROVOST/DIRECTOR OF INSTITUTION EFFECTIVENESS AND ACADEMIC AFFAIRS 50.0 X 144429 0 22015 SARA SCHOLTES CHAIR OF DEPARTMENT OF PHYSICAL THERAPY 50.0 X 143061 0 16948 THOMAS CAVENAGH PROFESSOR/DIRECTOR OF LEADERSHIP ETHICS AND VALUE 50.0 X 151273 0 16215 2747337 0 391409 47 false true false CHARTWELLS 2250 N SHEFFIELD CHICAGO IL 60614 FOOD SERVICES AND HOSPITALITY 5744254 PEPPER CONSTRUCTION 643 N ORLEANS ST CHICAGO IL 60654 CONSTRUCTION SERVICES 3444808 DIVERSE FACILITY SOLUTIONS INC 12838 S Cicero Ave ALSIP IL 60803 CLEANING SERVICES 1275903 MUSCO SPORTS LIGHTING LLC 100 1ST AVE WEST OSKALOOSA IA 52577 CONSTRUCTION SERVICES 949128 CDW GOVERNMENT INC 75 REMITTANCE DR CHICAGO IL 60675 IT SERVICES 739237 15 4163123 9803820 357065 13966943 TUITION (INCLUDING FINANCIAL AID) 611600 103183134 103183134 STUDENT HOUSING/AUXILIARY ENTERPRISES 721310 15681268 15681268 Community Education 611600 2119555 2119555 STUDENT FEES 611600 598699 598699 OTHER ATHLETIC, ACADEMIC, & ADMIN 611600 159399 159399 0 0 0 0 121742055 1953405 -5223 1958628 549611 67477 482134 0 482134 285824 196310 45728728 5993 36091443 9637285 5993 9643278 9643278 PARKING FINES/FEES 812930 271948 271948 Theatre Gate Receipts 711130 200091 200091 ATHLETIC GATE RECEIPTS 611600 34017 34017 62049 0 0 62049 568105 148355920 122027879 191087 12170011 25029 25029 56866687 56866687 2223548 1221084 721549 280915 341476 341476 32556875 29837393 2152262 567220 2614784 2318498 216406 79880 3398031 1989908 1307323 100800 2576449 2303172 263768 9509 367738 162248 198850 6640 94039 18808 75231 10105 10105 2013 2013 403299 80660 322639 2200184 1748534 251579 200071 1087330 768188 215800 103342 1999621 1787873 178648 33100 1473582 876460 594825 2297 11022 11022 8614702 7891648 723054 1343603 1258013 48197 37393 270353 235712 31438 3203 2455879 2369630 86249 7778276 7505108 273168 258267 255060 3207 FOOD SERVICE 5296808 5296808 Hospitality 1176487 909593 171176 95718 EQUIPMENT RENTAL 1122788 934220 164262 24306 DUES AND SUBSCRIPTIONS 963208 807430 103366 52412 5476925 5181433 295492 0 143009108 133001695 8398489 1608924 45039894 33633547 2806545 1779338 2848755 1887357 0 0 0 0 5584370 5300420 1745688 3041122 308113534 111824432 194804988 196289102 121870218 95057141 23287391 23742237 0 192057 170400 398179906 360900664 8580644 6480654 2425366 2053870 90524214 83519905 0 0 9316278 2604451 110846502 94658880 X 187558563 180244265 99774841 85997519 287333404 266241784 398179906 360900664 X 5346812 -31279990 4841558 X false true X true true true X 9834151 16749525 8357268 12047234 13966943 60955121 0 0 9834151 16749525 8357268 12047234 13966943 60955121 14632109 46323012 2837226 3118953 3381004 2008049 2503016 13848248 0 0 0 0 0 0 856301 930934 681542 304940 568105 3341822 78145191 598729233 0.5928 0.493 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - THEATRE RECEIPTS, COLUMN A - 552194.0, COLUMN B - 596939.0, COLUMN C - 341181.0, COLUMN D - 47377.0, COLUMN E - 200091.0, COLUMN F - 1737782.0; DESCRIPTION - PARKING FEES/FINES, COLUMN A - 241967.0, COLUMN B - 257910.0, COLUMN C - 272238.0, COLUMN D - 214270.0, COLUMN E - 271948.0, COLUMN F - 1258333.0; DESCRIPTION - ATHLETIC GATE RECEIPTS, COLUMN A - 53549.0, COLUMN B - 25151.0, COLUMN C - 18500.0, COLUMN D - 0.0, COLUMN E - 34017.0, COLUMN F - 131217.0; DESCRIPTION - OTHER, COLUMN A - 8591.0, COLUMN B - 50934.0, COLUMN C - 49623.0, COLUMN D - 43293.0, COLUMN E - 62049.0, COLUMN F - 214490.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 10105 10105 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY $10,105 PAID TO DIXON AND COMPANY, INC. FOR PROFESSIONAL LOBBYING FEES - SENDING LETTERS AND MEETING WITH ILLINOIS STATE GOVERNMENT OFFICIALS TO ATTEMPT TO SECURE POTENTIAL CAPITAL FUNDING AND IN SUPPORT OF Monetary Award Program FUNDING. X X X false 144883225 992723 -20000890 1938692 4381204 421582 119133580 112843418 3361565 33903421 1508840 3448591 267748 144883225 119201462 772336 -1640839 1458262 3669007 362272 112843418 116939127 546055 6750818 1345736 2956197 732605 119201462 109986446 1697637 9381133 1276104 2565028 284957 116939127 0.42 0.38 0.2 true false 8467857 8467857 261223720 85724096 175499624 30388260 26100336 4287924 8033697 8033697 196289102 Alternative Investments 22642207 F Trust Held by Third Party 1100030 F 23742237 SPLIT INTEREST AGREEMENTS 1073894 REFUNDABLE LOAN 402055 INTEREST RATE SWAP 675568 OTHER LONG-TERM LIABILITY 452934 2604451 X 60276720 -31279990 -56866687 -88146677 148423397 -67477 -67477 148355920 86209898 67477 67477 86142421 56866687 56866687 143009108 Schedule D, Part III, Line 4 Collections of art - description of collections THE NORTH CENTRAL COLLEGE ARCHIVES CONSISTS OF MANUSCRIPTS, PUBLICATIONS, PHOTOGRAPHS, AUDIO-VISUAL MATERIALS, ARTIFACTS, AND OTHER UNIQUE HISTORICAL MATERIALS. THE ARCHIVE IS HOME TO FOUR MAIN COLLECTIONS: NORTH CENTRAL COLLEGE ARCHIVES; SHIMER COLLEGE; PAPERS OF HARRIS W FAWELL, US REPRESENTATIVE; AND SURBURBAN STUDIES. Schedule D, Part V, Line 4 Intended uses of endowment funds The INTENDED USE OF ENDOWMENT FUNDS EARNINGS FROM ENDOWMENT FUNDS ARE USED FOR PURPOSES SPECIFIED BY DONORS, INCLUDING THE FOLLOWING: SCHOLARSHIPS, FACULTY SALARIES AND ACADEMIC PROGRAMS, FACILITY MAINTENANCE, AND GENERAL OPERATIONS OF THE COLLEGE. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FASB ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS AS THE COLLEGE'S UNRELATED BUSINESS INCOME WAS OFFSET BY THE EXPENSES DIRECTLY CONNECTED WITH THE CONDUCT OF THE ACTIVITY CREATING A NET OPERATING LOSS. THERE ARE NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES OR STATEMENTS OF FINANCIAL POSITION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FINANCIAL AID - -56866687 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RENTAL EXPENSE - -67477 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 67477 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - 56866687 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE COLLEGE'S POLICY IS ONE OF NON-DISCRIMINATION WITH RESPECT TO THE PUBLIC SERVED BY THE INSTITUTION AND WITH RESPECT TO THE COLLEGE PERSONNEL. COLLEGE'S WEBSITE HAS A PAGE DEDICATED TO NON-DISCRIMINATION POLICY. STUDENT MANNUAL AND FACULTY HANDBOOK CONTAIN A STATEMENT TO THE EFFECT THAT THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, GENDER, AGE, NATIONAL ORIGINS, ANCESTRY, MARITAL STATUS, SEXUAL ORIENTATION, HANDICAP, DISABILITY, VETERAN STATUS OR UNFAVORABLE DISCHARGE FROM MILITARY SERVICE. ALSO, THERE IS AN ANNUAL EMAIL SENT COLLEGE-WIDE TO EMPHASIZE THE POLICY. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT NORTH CENTRAL COLLEGE APPLIES FOR AND RECEIVES EDUCATIONAL GRANTS, AS APPROVED ON A CASE-BY-CASE BASIS, FROM FEDERAL AND STATE AGENCIES. THE COLLEGE ALSO PARTICIPATES ANNUALLY IN FEDERAL & STATE FINANCIAL PROGRAMS, SPECIFICALLY PELL, SEOG, FEDERAL WORK STUDY, FEDERAL DIRECT LOANS, AND VARIOUS OTHER STATE OF ILLINOIS GRANT PROGRAMS FOR QUALIFIED STUDENTS. THE FEDERAL GRANTS AND LOANS ARE REPORTED IN THE COLLEGE'S A-133 SINGLE AUDIT. During the tax year ending 6/30/2022, the college received higher education emergency relief funds from the U.S. Department of Education, Office of Postsecondary Education due to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Europe (Including Iceland and Greenland) 0 3 Program Services STUDY ABROAD 135191 East Asia and the Pacific 0 2 Program Services RECRUITING 16321 Central America and the Caribbean 0 0 Investments 15618305 South America 0 0 Program Services STUDY ABROAD 10810 South Asia 0 0 Program Services RECRUITING 11217 Europe (Including Iceland and Greenland) 0 0 Program Services Recruiting 22164 0 5 0 0 0 5 15814008 0 15814008 true false true false true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual true College and University Sustainability Project Inc 1800 Lincoln Avenue Evansville IN 47722 872195386 501(c)(3) 25029 General Support 1 0 ACADEMIC SCHOLARSHIPS & GRANTS 2611 56866687 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE COLLEGE, ALL FUNDS ISSUED TO STUDENTS ARE REQUIRED TO DEFRAY THE COST OF TUITION AND NO STUDENT MAY USE THE FUNDS FOR OTHER THAN EDUCATIONAL PURPOSES. SINCE THE STUDENTS HAVE NO DISCRETION IN THE USE OF THE FUNDS, THE COLLEGE DOES NOT NEED TO MONITOR THE GRANTS ONCE ISSUED. X X X X true true X X X X false true false false false false false true false TROY HAMMOND PRESIDENT 394677 0 75000 0 353523 0 19000 0 47287 0 889487 0 289025 0 ABIODUN GOKE-PARIOLA PROVOST/VP FOR ACADEMIC AFFAIRS 207679 0 30000 0 4973 0 19015 0 26897 0 288564 0 0 0 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 165615 0 17500 0 1137 0 14116 0 31620 0 229988 0 0 0 JAMES GODO VP COMMUNICATION AND STRATEGIC INITIATIVES 153900 0 17500 0 692 0 14732 0 594 0 187418 0 0 0 MICHAEL HUDSON VP FOR OPERATIONS 152224 0 20000 0 1074 0 15152 0 31917 0 220367 0 0 0 MARYELLEN SKERIK VP FOR FINANCE 176703 0 20000 0 2325 0 12351 0 8474 0 219853 0 0 0 RICK E SPENCER VP INSTITUTIONAL ADVANCEMENT Until 07.15.21 114353 0 0 0 25493 0 19539 0 24778 0 184163 0 0 0 MARY GROLL DIRECTOR PHYSICIAN ASSISTANT PROGRAM 143618 0 2000 0 483 0 7500 0 18323 0 171924 0 0 0 FRANK HARWATH PROF/DIRECTOR OF ENGINEERING 140766 0 2000 0 1220 0 9944 0 14992 0 168922 0 0 0 THOMAS CAVENAGH PROFESSOR/DIRECTOR OF LEADERSHIP ETHICS AND VALUE 148468 0 2000 0 805 0 12790 0 3425 0 167488 0 0 0 PETER BARGER ASSOCIATE PROVOST/DIRECTOR OF INSTITUTION EFFECTIVENESS AND ACADEMIC AFFAIRS 137960 0 4000 0 2469 0 13421 0 8594 0 166444 0 0 0 SARA SCHOLTES CHAIR OF DEPARTMENT OF PHYSICAL THERAPY 140859 0 2000 0 202 0 7250 0 9698 0 160009 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments TAX GROSS-UPS WERE PAID TO VARIOUS INDIVIDUALS DURING THE YEAR. THE FAIR VALUE WAS INCLUDED IN THEIR ANNUAL TAXABLE INCOME. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE PRESIDENT OF THE COLLEGE IS THE ONLY EMPLOYEE WHO RECEIVES A HOUSING BENEFIT. HOUSING IS REQUIRED AS A CONDITION OF EMPLOYMENT AND IS THEREFORE NOT TAXABLE COMPENSATION. THE PRESIDENT'S CONTRACT STIPULATED THE COLLEGE SHALL PAY ALL UTILITIES, REAL ESTATE TAXES, INSURANCE AND EXPENSE FOR MAINTENANCE AND UPKEEP FOR THE PRESIDENTIAL RESIDENCE, AS THE RESIDENCE IS REGULARLY USED FOR COLLEGE BUSINESS. THE COLLEGE HAS DETERMINED THE VALUE OF THE USE IS NOT CONSIDERED TAXABLE INCOME. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE COLLEGE PRESIDENT INCURS COUNTRY CLUB DUES FOR ENTERTAINMENT/FUNDRAISING PURPOSES FOR THE DIRECT BENEFIT OF THE COLLEGE. PAYMENTS ARE TAXABLE. Schedule J, Part I, Line 1a Personal services CLEANING SERVICES: AN OUTSIDE SERVICE IS USED AS NEEDED TO PROVIDE CLEANING SERVICES NECESSARY FOR THE FUNCTION OF THE PRESIDENT'S HOUSE. THE PAYMENT FOR SUCH ITEMS ARE TAXABLE TO THE PRESIDENT FOR THE PERSONAL SPACES OF THE HOUSE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan EFFECTIVE JULY 1, 2016, THE COLLEGE STARTED A 457(F) PLAN FOR THE PRESIDENT. DURING CALENDAR YEAR 2021, THE PRESIDENT RECEIVED A PAYMENT OF $289,025. THIS PAYMENT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(iii). THERE WERE NO CONTRIBUTIONS MADE TO THE PLAN IN CALENDAR YEAR 2021. Schedule J, Part I, Line 7 Non-fixed payments ALL BONUSES ARE DISCRETIONARY AND NOT A FIXED AMOUNT OR PERCENTAGE OF COMPENSATION. THE PRESIDENT'S BONUS IS APPROVED BY THE NCC COMPENSATION COMMITTEE. A Illinois Finance Authority 861091967 000000000 2014-12-04 33953000 SEE SUPPLEMENTAL INFORMATION false false false B Illinois Finance Authority 861091967 000000000 2014-12-04 32206000 SEE SUPPLEMENTAL INFORMATION false false false C ILLINOIS FINANCE AUTHORITY 861091967 000000000 2015-07-09 30177000 SEE SUPPLEMENTAL INFORMATION false false false D ILLINOIS FINANCE AUTHORITY 861091967 000000000 2020-05-28 21524000 SEE SUPPLEMENTAL INFORMATION false false false A 33958589 203325 33755264 2014 true false true true B 5356000 32206000 206000 22000000 10000000 2014 true false true true C 27810024 30177000 177000 30000000 2015 false false true true D 645000 21524000 749462 274538 20500000 2020 false false true true A false false true true false 0.013 0.0 0.013 false false true B false false true true false 0.006 0.0 0.006 false false true C false false true true false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false false false true true true Bank of Montreal 10.0 false false false false true B false false false true true true PNC Bank 10.0 false false false false true C false false false true true false false false true D false true false false true false false false true A true B true C true D true Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE - SERIES 2014A The bonds were issued to refund all outstanding bonds issued in 2008, $17,000,000, 1998, $14,500,000 and the 2008 Bonds' swap termination $2,249,675. Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE - SERIES 2014B The bonds were issued to refund the 1999 bonds, $10,000,000, and to finance the planning, design, acquisition, construction, furnishing and equipping of a new residence hall, $22,000,000. Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE - SERIES 2015 THE BONDS WERE ISSUED TO FINANCE OR REIMBURSE THE COLLEGE FOR THE COSTS OF THE PLANNING, DESIGN, ACQUISITION, CONSTRUCTION, FURNISHING AND EQUIPPING OF A SCIENCE CENTER. Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE - SERIES 2020 THE BONDS WERE ISSUED TO FINANCE OR REIMBURSE THE COLLEGE FOR THE COSTS OF THE PLANNING, DESIGN, ACQUISITION, CONSTRUCTION, FURNISHING AND EQUIPPING OF A HEALTH SCIENCE CENTER. Schedule K, Part II, Line 3 Bond A: TOTAL PROCEEDS OF ISSUE (12/04/2014 ISSUANCE) TOTAL AMOUNT OF PROCEEDS REPORTED ON LINE 3 DOES NOT MATCH THE ISSUE PRICE REPORTED IN PART I, COLUMN (C) DUE TO INTEREST ON PROJECT FUNDS. Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 12/04/2019 Schedule K, Part IV, Line 2c COLUMN B Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 12/04/2019 Schedule K, Part IV, Line 2c COLUMN C Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 07/09/2020 ADVANCED DATA TECHNOLOGIES INC David Kelsch, BOARD MEMBER, is also the president and CEO of Advanced Data Technologies Inc. 541016 TECHNOLOGY false BRAD SPENCER SON OF CURRENT OFFICER 103453 EMPLOYMENT false SUSAN KANE SPOUSE OF CURRENT PRESIDENT 137220 EMPLOYMENT false LEILA AZARBAD DAUGHTER OF CURRENT TRUSTEE 94928 EMPLOYMENT false X 34 357065 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of Contributions Form 990, Part III, Line 1 ORGANIZATION'S MISSION NORTH CENTRAL COLLEGE IS A DIVERSE COMMUNITY OF LEARNERS DEDICATED TO PREPARING STUDENTS TO BE CURIOUS, ENGAGED, ETHICAL, AND PURPOSEFUL CITIZENS AND LEADERS IN LOCAL, NATIONAL AND GLOBAL CONTEXTS. THE COLLEGE SERVES APPROXIMATELY 2,500 FULL-TIME AND PART-TIME STUDENTS. ABOUT 1,200 STUDENTS RESIDE ON THE COLLEGE CAMPUS EACH SEMESTER. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall transact such business as may be referred to it by the Board, and any other business which the interests of the College may require during the intervals between regularly scheduled Board meetings. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons KRIS HARTNER AND DAVID KELSCH - Business relationship, KEVIN GENSLER, RAY KINNEY, AND SCOTT WEHRLI - Business relationship, Jeff Oesterle and Scott Wehrli - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body AFTER FINALIZING FORM 990 WITH THE PAID TAX PREPARER, THE CONTROLLER AND THE VP FOR FINANCE FORWARD A COPY OF FORM 990 TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy EACH TRUSTEE SHALL COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY WHICH SHALL INDICATE THAT THE TRUSTEE ACKNOWLEDGES A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST, IF ANY. AND SHALL RECUSE HIMSELF OR HERSELF PURSUANT TO THE PROCEDURES ADOPTED BY THE BOARD ON THAT MATTER. IN ADDITION, A TRUSTEE MUST ALSO MAKE CHANGES TO THEIR DISCLOSURE FORM AS HIS OR HER SITUATION CHANGES OR CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST ARISE THROUGHOUT THE YEAR. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION COMMITTEE (A SUB-COMMITTEE OF THE BOARD) IS RESPONSIBLE FOR DETERMINING THE PRESIDENT'S SALARY AND REVIEWING THE VICE PRESIDENT'S SALARIES. THE COMPENSATION COMMITTEE WORKS WITH HUMAN RESOURCES (AND POSSIBLY OUTSIDE CONSULTANTS) TO OBTAIN COMPARABLE SALARY/BENEFIT DATA FROM ORGANIZATIONS SUCH AS COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA). IN ORDER TO ESTABLISH APPROPRIATE SALARY/BENEFIT PACKAGES. THE COMPENSATION COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD AND TWO ACTIVE TRUSTEES, WHO ARE NOT RELATED TO THE PRESIDENT OR VICE PRESIDENTS AND DO NOT PERFORM MANAGEMENT-DIRECTED SERVICES TO THE COLLEGE. THE COLLEGE HAS AN ANNUAL REVIEW OF THEIR COMPENSATION PROCESS. ANNUALLY, EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION COMMITTEE'S RECOMMENDATIONS AND APPROVES THE PRESIDENT'S COMPENSATION. THE VICE PRESIDENTS' COMPENSATION IS BROUGHT BEFORE THE BOARD OF TRUSTEES IN AN EXECUTIVE SESSION AT THE FALL MEETING. CONTEMPORANEOUS DOCUMENTATIONS IS MAINTAINED FOR ALL COMPENSATION DECISIONS. Form 990, Part VI, Line 15b Process to establish compensation of other employees SEE NARRATIVE FOR LINE 15A Form 990, Part VI, Line 19 Required documents available to the public THE CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND PUBLIC DISCLOSURE COPIES OF THE 990 AND 990T ARE AVAILABLE TO THE PUBLIC AT NORTH CENTRAL COLLEGE'S WEBSITE WWW.NOCTRL.EDU. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue OTHER REVENUE - Total Revenue: 62049, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 62049; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT - 5658857; CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT - -791036; OTHER TRANSFERS - -26263; Form 990, Part VI, Section A, Line 8b Governing Body and Management The Executive Committee shall transact such business as may be referred to it by the Board, and any other business which the interests of the College may require during the intervals between regularly scheduled Board meetings. College and University Sustainability Project Inc 1800 Lincoln Avenue Evansville IN 47722 872195386 Educational Support IN 501(c)(3) Type I NA false Charitable Remainder Trusts (7) C/O North Central College 30 N Brainard St Naperville IL 60540 Investment IL na Trust false false false true false false false false false false false false false false false false false false false