2022-05-13T13:35:17-07:00 2021-06-30 990 2020-07-01 361557840 NORTH PARK UNIVERSITY NORT 7732445597 3225 W Foster Ave Chicago IL 60625 Debra Wilburn Director of Finance 7732445597 2022-05-13 1 11 1 AAL2 X 2020 2022-09-23 18:48:47Z Mary Surridge 3225 W Foster Ave Chicago IL 60625 130914050 0 X www.northpark.edu X 1891 IL North Park University is an accredited institution of higher education. The University offers over 65 undergraduate majors and concentrations of study, pre-professional programs, and certificates. The University also has a variety of graduate degree programs offered through the School of Business and Non-Profit Management, School of Nursing, School of Education, and School of Music. The University's School of Professional Studies offers an undergraduate degree completion program as well as a graduate degree in Counseling. 28 26 1298 100 0 0 16648452 15109486 73011062 69624286 2692098 9580959 182737 179928 92534349 94494659 33454829 30535003 0 0 35344392 35937261 0 0 864369 28813267 26473955 97612488 92946219 -5078139 1548440 307400947 342334574 93879233 94165007 213521714 248169567 The mission of North Park University, as an intentionally Christian University of the Evangelical Covenant Church, is to prepare students for lives of significance and service through education in the liberal arts, professional studies, and theology. 0 0 82189063 30535003 94494659 North Park University provided undergraduate and graduate degree programs to approximately 2,922 students during the year. Of this total, approximately 1,759 students were undergraduates and 1,163 were graduate and adult students. The university offered 45 undergraduate degree majors plus 25 concentrations and pre-professional programs. The university also offered graduate degree programs in business administration, nursing, education, clinical mental health counseling, music, and theology. In addition, the university also provided residential living for approximately 705 students. 0 0 0 82189063 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 1 3582 0 1 1298 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 X 28 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Debra Wilburn 7732445597 3225 W Foster Ave Chicago IL 60625 Mary Surridge NPU President, Ex-Officio 40 0 X X X X 279449 0 25748 John Wenrich ECC President, Ex-Officio 40 0 X 0 127768 97431 Scott Stenmark Exec. VP and CFO 40 0 X X 178672 0 22159 Craig Johnson Provost 40 0 X 169389 0 7494 Anthony Scola VP Enrollment Mgmt./Marketing 40 0 X 149862 0 17318 Ann Hicks Dean SBNM / Prof. Accounting 40 0 X 119988 0 17004 John Born AVP Athletics & Sport Mgmt. 40 0 X 115833 0 16866 David Kersten Dean of Seminary 40 0 X 113560 0 16458 Anne McCullah Director of Finance 40 0 X X 80843 0 18420 Debra Wilburn Director of Finance 40 0 X 46944 0 1749 Peggy Bley Trustee 5 0 X 0 0 0 Virgil Applequist Trustee 5 0 X 0 0 0 Jay Carstenbrock Vice Chair 5 0 X 0 0 0 Gregory Crawford Member-At-Large 5 0 X 0 0 0 Marvin Curtis Trustee 5 0 X 0 0 0 Andrea Dennis Trustee 5 0 X 0 0 0 Gregory Dolezal Trustee 5 0 X 0 0 0 David Dwight Trustee 5 0 X 0 0 0 Kathryn Edin Trustee 5 0 X 0 0 0 Rebekah Eklund Trustee 5 0 X 0 0 0 Arriel Gray Jr Trustee 5 0 X 0 0 0 Keith Hamilton Trustee 5 0 X 0 0 0 Michael Harper Trustee 5 0 X 0 0 0 David Helwig Trustee 5 0 X 0 0 0 Dawn Helwig Trustee 5 0 X 0 0 0 Curtis Ivanoff Conf of Superintendents Liaison, Ex-Officio 5 5 X 0 0 0 Marcia Jimenez Trustee 5 0 X 0 0 0 Paul T Johnson Trustee 5 0 X 0 0 0 Joanna Kanakis Trustee 5 0 X 0 0 0 Mary C Miller Secretary 5 0 X 0 0 0 Jodi DeYoung Moore Trustee 5 0 X 0 0 0 Erin Oleniczak Liaison to the ECC Executive Board 5 5 X 0 0 0 Aaron Olson Trustee 5 0 X 0 0 0 David Otfinoski Chair 5 0 X 0 0 0 Karen Stein ECC Executive Board Liaison, Ex-Officio 5 5 X 0 0 0 Thomas Trautman Trustee 5 0 X 0 0 0 Kristian Werling Trustee 5 0 X 0 0 0 Gregory Wittrock Trustee 5 0 X 0 0 0 Dennis Wolff Trustee 5 0 X 0 0 0 David Youngberg Treasurer 5 0 X 0 0 0 1254540 127768 240647 18 1 1 0 ARAMARK Corp 1101 Market St Philadelphia PA 19107 Food Service Provider 1876270 Sentinel Technologies PO Box 85080 Chicago IL 60680 IT Solutions 729520 Imperial Service Systems PO Box 2938 Glen Ellyn IL 60138 Facility Maint/Cleaning Svc 855966 Indianapolis Star PO Box 677553 Dallas TX 75267 News / Advertising 588906 Chicago Commercial Construction 9101 S Baltimore Ave Chicago IL 606174417 Construction 491556 34 0 0 0 1000000 0 14109486 127454 15109486 Tuition fee 611710 69490416 69490416 0 0 133870 119852 0 14018 69624286 3290650 3290650 0 0 0 0 0 0 0 0 0 0 236303 0 56375 0 179928 0 179928 179928 0 0 42653325 0 36363016 0 6290309 0 6290309 6290309 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 94494659 79371155 0 14018 0 0 30535003 30535003 0 0 0 0 653984 0 653984 0 0 0 0 0 29099758 24990330 3446212 663216 659834 576084 68083 15667 3569959 3276380 233334 60245 1953726 1767120 140677 45929 1853742 1853742 0 0 104092 0 104092 0 105989 0 105989 0 0 0 0 0 0 0 1827701 0 1827701 0 0 0 0 0 1374522 1354585 0 19937 321403 299952 16143 5308 1492756 0 1492756 0 0 0 0 0 3447597 3447597 0 0 183310 175662 7594 54 0 0 0 0 0 0 0 0 1029852 0 1029852 0 254919 0 254919 0 6792700 6792700 0 0 416509 0 416509 0 Other Expense 744808 1014808 -270000 0 6524055 6105100 364942 54013 92946219 82189063 9892787 864369 15059515 8855178 0 0 5884679 5103527 2481719 6763328 0 0 0 0 0 0 0 0 1681641 1358970 198619987 84117690 118890598 114502297 131715986 163882513 30131840 40174295 0 0 0 0 1554969 1694466 307400947 342334574 6047940 8178379 0 0 1272731 1663769 81925000 80575000 0 0 0 0 0 0 258292 170321 4375270 3577538 93879233 94165007 X 141133054 161023499 72388660 87146068 213521714 248169567 307400947 342334574 1548440 33099413 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76326518 3210873 20702569 2921258 2195000 188297 94935405 79526774 1594771 -905986 2851839 893851 143351 76326518 76873615 1431669 5050507 2813312 898907 116798 79526774 74875698 764899 5050844 2925980 807020 84825 76873616 72046412 4040166 5416733 2813630 788690 25293 77875698 0.15 0.81 0.04 0 0 28207163 0 28207163 155014887 0 74659557 80355330 0 0 0 0 14059429 0 9229023 4830406 1338508 0 229110 1109398 114502297 0 F 0 F National Convenant Property Bonds 4140547 F FEG Alternative Funds 34928830 F Faculty Mortgages (Secured) 68767 F Other 1036151 F 40174295 0 Post Retirement Benefit 2215000 Perkins and Student Nursing Loans 1259733 Advance Payments/Deposits 613644 Amortized Bond Costs -510839 3577538 X 95051440 33099413 0 0 0 33099413 61952027 1827701 30714931 32542632 94494659 60403587 0 0 0 0 0 60403587 1827701 30714931 32542632 92946219 Schedule D, Part V, Line 4 - The endowment fund consists of approximately 715 individual funds established by donors for a variety of purposes. There are endowment funds for student scholarship support, faculty chairs, lectureships, and other operating support of the university. Schedule D, Part X, Line 1 - Part X includes a contra-liability amortized bond costs. Due to GAAP standards, amortized bond costs are now required to be recorded as a contra-liability rather than an asset. Schedule D, Part X, Line 2 - As of June 30, 2021, the university had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Schedule D, Part XI, Line 4b - Institutional financial aid is netted from revenue per GAAP ($25,705,799). Non-institutional pass-thru student finanical aid from federak & state sources is not reported in GAAP ($8,925,920). Schedule D, Part XII, Line 4b Institutional financial aid is netted from revenue per GAAP ($25,705,799). Non-institutional pass-thru student financial aid from federal & state sources is not reported in GAAP ($8,925,920). All other reclassifications (-3,916,788). 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 On our website. Schedule E, Part I, Line 6 - The university receives federal financial aid which is awarded to students. Such aid includes Federal Loans, Pell grants, SEOG grants, Federal Work Study, Perkins and Student Nursing Loans. The university is entitled to an administrative cost allowance for management of Federal Title IV student assistance programs. Europe (including Iceland and Greenland) 0 0 Program Services Student Recruitment 68807 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Student Recruitment 60346 0 0 129153 0 0 0 0 0 0 1 Univ. funded financial aid awarded to trad. UGs 1722 17629915 0 Applied to students' accts. N/A Univ. funded financial aid awarded to Grad/Adults 700 2733113 0 Applied to students' accts. N/A Univ. funded financial aid awarded to Seminarians 332 1246055 0 Applied to student's accts N/A Fed. financial aid passed through to students 904 4938076 0 Applied to student's accts N/A State grants passed through to students 891 3987844 0 Applied to student's accts N/A Schedule I, Part I, Line 2 - Grants represent financial aid awarded to students from both institutional funds as well as amounts passed through from Federal and State aid programs. Students applying for financial aid must complete the Federal FAFSA form. Institutional aid is awarded according to institutional policy and is based on both academic ability and financial need. Federal and State aid is awarded consistent with applicable Federal and State rules and regulations. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Anne McCullah Director of Finance 80843 0 0 0 0 0 0 0 18420 0 99263 0 0 0 Scott Stenmark Exec. VP and CFO 178672 0 0 0 0 0 0 0 22159 0 200831 0 0 0 Mary Surridge NPU President, Ex-Officio 279449 0 0 0 0 0 0 0 25748 0 305197 0 0 0 Debra Wilburn Director of Finance 46944 0 0 0 0 0 0 0 1749 0 48693 0 0 0 Craig Johnson Provost 169389 0 0 0 0 0 0 0 7494 0 176883 0 0 Anthony Scola VP Enrollment Mgmt./Marketing 149862 0 0 0 0 0 0 0 17318 0 167180 0 0 0 David Kersten Dean of Seminary 101560 0 0 0 0 0 12000 0 16458 0 130018 0 0 0 Ann Hicks Dean SBNM / Prof. Accounting 119988 0 0 0 0 0 0 0 17004 0 136992 0 0 0 John Born AVP Athletics & Sport Mgmt. 115833 0 0 0 0 0 0 0 16866 0 132699 0 0 0 John Wenrich ECC President, Ex-Officio 0 127768 0 0 0 0 0 25723 0 71708 0 225199 0 0 Schedule J, Part I, Line 1a - University President resides in university owned housing. President is provided membership to local health club. Schedule J, Part I, Line 3 - Compensation for the university president is set by the board of trustees based on a recommendation from the compensation committee of the board. The compensation committee consists of a five members of the executive committee of the board. The committee gathers input from independent sources, including comparative university data. The President's compensation is then approved by the full board of trustees as well as by the sponsoring church denomination via executive committee. The university chairperson (on behalf of the board) signs the president's annual statement of salary and benefits. A Illinois Finance Authority 861091967 45200BMY1 2005-04-19 33000000 Capital Improvements and Debt Refinancing 0 0 0 B Illinois Finance Authority 861091967 2012-10-17 30000000 Capital Improvements and Debt Refinancing 0 0 0 A 0 0 33000000 0 0 0 449298 0 0 32550702 0 0 2006 0 0 1 1 B 250000 0 30000000 0 0 0 302454 0 0 29697546 0 0 2014 0 0 1 1 A 0 0 0 0 0.00003 0 0.00003 1 0 1 B 0 0 0 0 0.0042 0 0.0042 1 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 0 0 0 0 1 A 0 B 0 Schedule K, Part IV, Line 2c-04/19/2005 33,000,000 Illinois Finance Authority - 04/19/2005, 33,000,000, Illinois Finance Authority - proceeds were spent within the allowable period. Schedule K, Part IV, Line 2c-10/17/2012 30,000,000 Illinois Finance Authority - 10/17/2012, 30,000,000, Illinois Finance Authority - proceeds were spent within the allowable period. Jack Surridge Spouse of key employee 12000 Enrollment Management Advisor 0 X 12 127454 Published Prices 0 0 1 0 Form 990, Part VI, Section B, Line 11b IRS form 990 is reviewed by the audit committee of the Board. After that review, the form 990 is made available to all trustees prior to its being filed with the IRS. Form 990, Part VI, Section B, Line 12c Upon election or appointment to the board, each trustee and/or officer is required to make disclosure to the board of trustees of any related party transactions with the university. Thereafter, disclosures are updated annually. The university uses a standard disclosure form. The terms of any related party transactions are reviewed by a committee of the board comprised of independent trustees. Independent trustees are those who have no related party transactions. Approval of any allowable related party transactions requires a majority vote of the committee. The committee then reports its recommendations to the full board. Form 990, Part VI, Section B, Line 15 Compensation for the university president is set by the board of trustees based on a recommendation from the compensation committee of the board. The committee gathers input from independent sources, including comparative university data. The president's compensation is then approved by the university trustees as well as by the sponsoring church denomination. The university chairperson, on behalf of the full board, then signs the president's annual statement of salary and benefits. Compensation for officers and other senior employees is based on a number of factors including seniority, comparable data for similar positions at other universities, etc. Form 990, Part VI, Section C, Line 19 Audited financial statements, federal A133 audits, IRS form 990 and 990T, and conflict of interest policy statements are available upon request by calling the University Comptroller's office at 773-244-5597. Evangelical Covenant Church 8303 W Higgins Rd Chicago IL 60631 362167730 Church Denomination IL 501c3 170(b)(1)(A)(i) N/A 0 Covenant Trust Company 8303 W Higgins Rd Chicago IL 60631 363583163 Trust Services IL N/A C 0.3 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Evangelical Covenant Church p 254919 Evangelical Covenant Church c 1000000 Covenant Trust Company b 33333 Additional paid-in capital