2021-05-17T12:01:48-05:00 2020-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-07-01 362169157 North Central College NORT 6306375680 30 N Brainard Street Naperville IL 60540 Maryellen J Skerik Vice President for Finance 2021-05-17 true Diane Brown P01578407 3128997000 2019 2022-09-23 18:48:47Z Troy Hammond 30 N Brainard Street Naperville IL 60540 174252089 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. 39 34 1993 39 211441 0 16749525 8357268 120049668 120664795 6039063 4656631 1984963 1360295 144823219 135038989 53418400 54595497 0 43741474 44027675 31500 12050 2118175 36636765 35862171 133828139 134497393 10995080 541596 350036444 362226785 90312346 113723378 259724098 248503407 SEE SCHEDULE O false false 94886333 54595497 107461217 INSTRUCTION, ACADEMIC SUPPORT, ACADEMIC ADVISING & FINANCIAL AID, FACULTY INSTRUCTION FOR DEGREE CANDIDATES, COMMUNITY EDUCATION, AND MASTER'S DEGREE PROGRAMS ARE PROVIDED. 93% OF THE FULL-TIME TEACHING FACULTY MEMBERS HAVE A DOCTORATE OR TERMINAL DEGREE. PROVOST, CONTINUING EDUCATION, LIBRARY SERVICES, DISABILITIES SUPPORT SERVICES, TUTORING ASSISTANCE, AND ACADEMIC COMPUTING ARE INCLUDED IN ACADEMIC SUPPORT. 14622963 STUDENT SERVICES AND ATHLETICS OFFICES SERVICING THE STUDENT BODY INCLUDE ADMISSIONS, INTERNATIONAL RECRUITING, FINANCIAL AID ADMINISTRATION EXPENSE, REGISTRAR, DEAN OF STUDENTS, MINISTRY AND SERVICE, COMMUNITY SERVICES, CAREER DEVELOPMENT, THE WELLNESS CENTER, STUDENT INVOLVEMENT, ORIENTATION, MULTICULTURAL AFFAIRS, AND ATHLETIC ACTIVITIES. COMMUNITY SERVICE PROJECTS SUCH AS HABITAT FOR HUMANITY ARE COMMON PURSUITS DURING SPRING BREAK. NCC MAINTAINS 27 NCAA DIVISION III PROGRAMS (13 MALE AND 14 FEMALE VARSITY SPORTS) AND HAS WON 40 TEAM NATIONAL CHAMPIONSHIPS. 14377824 13670890 AUXILIARY SERVICES INCLUDE RESIDENCE LIFE, STUDENT HOUSING, AND FOOD SERVICES. FACILITIES INCLUDE KAUFMAN (A FULL SERVICE DINING HALL), THE CAGE (A QUICK SERVICE COOK-TO-ORDER FACILITY), AU BON PAIN AND THE BOILERHOUSE CAFE. THE COLLEGE STORE AND STUDENT GATHERING SPACES ARE ALSO INCLUDED IN AUXILIARY SERVICE. APPROXIMATELY 1,350 OF THE FULL-TIME STUDENTS CHOSE TO LIVE IN COLLEGE OWNED OR LEASED PROPERTIES. 100% RESIDENT STUDENTS ARE REQUIRED TO PURCHASE A MEAL PLAN. 123887120 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 false true true true false false false false false false false false true true true false false false false true false false false true 3993 0 true 1993 true true true false false false false true true false false true false false false X 39 34 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 1.0 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 20474 0 0 TROY HAMMOND PRESIDENT 60.0 X X 505775 0 132660 ALI SETORK TRUSTEE 1.0 X 0 0 0 ANDREA BECK 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 HERMAN B WHITE JR 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 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 1.0 X 0 0 0 SALLY DYCK 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 CARROLL 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 237739 0 53218 KIMBERLY SLUIS VP FOR STUDENT AFFAIRS AND DEAN OF STUDENTS 60.0 X 176225 0 18049 MARTIN SAUER VP FOR ENROLLMENT MANAGEMENT AND ATHLETICS 60.0 X 202643 0 37289 MARYELLEN SKERIK VP FOR FINANCE 60.0 X 182105 0 27671 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 60.0 X 173918 0 45200 MICHAEL HUDSON VP FOR OPERATIONS 60.0 X 159310 0 35049 RICK E SPENCER VP INSTITUTIONAL ADVANCEMENT 60.0 X 233971 0 47754 DIANE ANSTINE DEAN-SCHOOL OF BUSINESS AND ENTREPRENEURSHIP 50.0 X 138091 0 17154 FRANK HARWATH PROF/DIRECTOR OF ENGINEERING 50.0 X 138952 0 26296 JAMES GODO ASSISTANT VP EXT AFFAIRS 50.0 X 146633 0 15484 PETER BARGER ASSISTANT PROVOST/DIRECTOR 50.0 X 141696 0 15055 RICHARD WILDERS PROF OF MATH/ASSOCIATE DEAN 50.0 X 142350 0 30833 2599882 0 501712 52 false true false CHARTWELLS 2250 N SHEFFIELD CHICAGO IL 60614 FOOD SERVICES 5298601 DIVERSE FACILITY SOLUTIONS INC 12838 S Cicero Ave ALSIP IL 60803 CLEANING SERVICES 1045108 EAB PO BOX 603519 CHARLOTTE VA 282603519 FUNDRAISING & ADMISSIONS MARKETING 846122 CDW GOVERNMENT INC 75 Remittance Dr CHICAGO IL 606751515 IT SERVICES 620148 PREMIER MECHANICAL INC 130 S FAIRBANK ADDISON IL 60101 CONSTRUCTION SERVICES 425470 39 1511235 6846033 590935 8357268 TUITION (INCLUDING FINANCIAL AID) 611600 104225016 104225016 STUDENT HOUSING/AUXILIARY ENTERPRISES 721310 13670890 13670890 OTHER ATHLETIC, ACADEMIC, AND ADMIN 611600 1824621 1824621 STUDENT FEES 611600 781934 781934 Community Education 611600 162334 162334 0 0 0 0 120664795 2412802 2412802 968202 289449 678753 0 678753 467312 211441 41167480 38923651 2243829 0 2243829 2243829 THEATRE GATE RECEIPTS 711130 341181 341181 PARKING FINES/FEES 812930 272238 272238 ATHLETIC GATE RECEIPTS 611600 18500 18500 49623 0 0 49623 681542 135038989 121132107 211441 5338173 54595497 54595497 2255273 1339307 568829 347137 350637 284088 42717 23832 31597590 28512088 2299527 785975 2752235 2422535 222835 106865 4629401 2707722 1786825 134854 2442539 2173851 255966 12722 143101 71700 71401 108316 21663 86653 55572 55572 12050 12050 256025 51205 204820 1508730 1202822 160347 145561 960688 684683 199810 76195 1824205 1612495 161328 50382 1181389 711660 466200 3529 5097 5097 7864063 7309089 554974 1422093 1287314 73974 60805 206801 181085 21210 4506 2021498 1950504 70994 7851937 7576182 275755 137512 134305 3207 FOOD SERVICE 3162931 3162931 EQUIPMENT RENTAL 1449970 1106855 304619 38496 HOSPITALITY 1282711 884954 243441 154316 DUES AND SUBSCRIPTIONS 1015684 793178 117128 105378 3403848 3104310 299538 0 134497393 123887120 8492098 2118175 21360835 51064941 12781333 2269428 2913293 3928581 0 0 0 0 6113885 6053569 2025976 1965194 282885823 96692565 187651537 186193258 97220317 90605033 19801785 19986969 0 167483 159812 350036444 362226785 8393612 6746036 966004 1829775 71999535 91447522 0 0 8953195 13700045 90312346 113723378 X 170112703 170613524 89611395 77889883 259724098 248503407 350036444 362226785 X 541596 -6360611 -5401676 X false true X true true true X 6287748 11981154 9834151 16749525 8357268 53209846 0 0 6287748 11981154 9834151 16749525 8357268 53209846 18789927 34419919 3499053 2724494 2837226 3118953 3381004 15560730 0 0 0 0 0 0 1264608 1114887 856301 930934 681542 4848272 73618848 577365064 0.4675 0.4672 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - THEATRE RECEIPTS, COLUMN A - 952246.0, COLUMN B - 827224.0, COLUMN C - 552194.0, COLUMN D - 596939.0, COLUMN E - 341181.0, COLUMN F - 3269784.0; DESCRIPTION - PARKING FEES/FINES, COLUMN A - 234476.0, COLUMN B - 230285.0, COLUMN C - 241967.0, COLUMN D - 257910.0, COLUMN E - 272238.0, COLUMN F - 1236876.0; DESCRIPTION - ATHLETIC GATE RECEIPTS, COLUMN A - 62057.0, COLUMN B - 52303.0, COLUMN C - 53549.0, COLUMN D - 25151.0, COLUMN E - 18500.0, COLUMN F - 211560.0; DESCRIPTION - OTHER, COLUMN A - 15829.0, COLUMN B - 5075.0, COLUMN C - 8591.0, COLUMN D - 50934.0, COLUMN E - 49623.0, COLUMN F - 130052.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 55572 55572 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY $55,572 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 119201462 772336 -1640839 1458262 3669007 362272 112843418 116939127 546055 6750818 1345736 2956197 732605 119201462 109986446 1697637 9381133 1276104 2565028 284957 116939127 98721426 333146 15055078 1285000 2546607 291597 109986446 104784275 1432428 -3390872 1263599 2590861 249945 98721426 0.41 0.39 0.2 true false 8834544 8834544 243221976 72689765 170532211 27491550 24002800 3488750 3337753 3337753 186193258 Alternative Investments 18922510 Trust Held by Third Party 1064459 19986969 SPLIT INTEREST AGREEMENTS 1534910 REFUNDABLE LOAN 880483 INTEREST RATE SWAP 9952868 OTHER LONG-TERM LIABILITY 1331784 13700045 X 74372328 -6360613 -54595497 -60956110 135328438 -289449 -289449 135038989 80191345 289449 289449 79901896 54595497 54595497 134497393 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 FOR TWO ADDITIONAL COLLECTIONS, THE SUBURBAN STUDIES ARCHIVES (WHICH SEEKS TO DOCUMENT THE TRANSITION OF CHICAGO'S WEST SUBURBAN REGION FOLLOWING WORLD WAR II) AND THE PAPERS OF RETIRED US ORGANIZE, DESCRIBE, PRESERVE AND MAKE AVAILABLE FOR RESEARCH MATERIALS ON THE HISTORY OF COLLEGE COMMUNITY'S NEED FOR HISTORICAL INFORMATION AND PROVIDES REFERENCE ASSISTANCE SPECIAL COLLECTIONS (INDEPENDENT OF THE ARCHIVES) INCLUDES A COLLECTION OF PRESIDENTIAL AND OTHER FAMOUS PERSONS SIGNATURES. A FIRST EDITIONS COLLECTION OF BOOKS, A UNIQUE COLLECTION OF BOOKS ON CHICAGO AREA HISTORY, AND A SET OF BOOKS AND SHEET MUSIC JAZZ. NORTH CENTRAL COLLEGE'S ART COLLECTION IS ON DISPLAY THROUGHOUT CAMPUS AND INCLUDES A VARIETY OF MEDIA AND ARTISTS, FROM BRONZES BY GUSTAV BORGLUM AND CHRISTIAN PETERSON TO TAPESTRY BY ALUMNA HELEN GAMERSFELDER NAUMANN. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS INCLUDE EXPENDING FUNDS TOWARD PROFESSIONAL FACULTY CHAIRS, SCHOLARSHIPS, FACILITIES MAINTENANCE, LIBRARY ENHANCEMENT, AND DEPARTMENTAL ENHANCEMENT. 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 - -54595497 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RENTAL EXPENSE - -289449 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 289449 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - 54595497 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, PERKINS, 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 6/30/2020, the college received higher education emergency relief funds from the U.S. Department of Education, Office of Postsecondary Education as a result of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 256370 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 42659 South America 0 0 Program Services Study Abroad 6720 Central America and the Caribbean 0 0 Program Services Recruiting 7625 Europe (Including Iceland and Greenland) 0 1 Program Services RECRUITING 3092 East Asia and the Pacific 0 1 Program Services RECRUITING 3000 South America 0 1 Program Services RECRUITING 4500 0 3 0 0 0 3 323966 0 323966 false false false false false false true ACADEMIC SCHOLARSHIPS & GRANTS 2569 54595497 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 372491 0 75000 0 58284 0 76600 0 56060 0 638435 0 0 0 ABIODUN GOKE-PARIOLA PROVOST/VP FOR ACADEMIC AFFAIRS 205051 0 28000 0 4688 0 18782 0 34436 0 290957 0 0 0 RICK E SPENCER VP INSTITUTIONAL ADVANCEMENT 202036 0 25000 0 6935 0 22507 0 25247 0 281725 0 0 0 MARTIN SAUER VP FOR ENROLLMENT MANAGEMENT AND ATHLETICS 186008 0 15000 0 1635 0 20023 0 17266 0 239932 0 0 0 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 157965 0 15000 0 953 0 16026 0 29174 0 219118 0 0 0 MARYELLEN SKERIK VP FOR FINANCE 165077 0 15000 0 2028 0 14340 0 13331 0 209776 0 0 0 MICHAEL HUDSON VP FOR OPERATIONS 143576 0 15000 0 734 0 16864 0 18185 0 194359 0 0 0 KIMBERLY SLUIS VP FOR STUDENT AFFAIRS AND DEAN OF STUDENTS 160606 0 15000 0 619 0 16864 0 1185 0 194274 0 0 0 RICHARD WILDERS PROF OF MATH/ASSOCIATE DEAN 138568 0 0 0 3782 0 15333 0 15500 0 173183 0 0 0 FRANK HARWATH PROF/DIRECTOR OF ENGINEERING 137772 0 0 0 1180 0 12162 0 14134 0 165248 0 0 0 JAMES GODO ASSISTANT VP EXT AFFAIRS 140343 0 6000 0 290 0 14736 0 748 0 162117 0 0 0 PETER BARGER ASSISTANT PROVOST/DIRECTOR 136468 0 4000 0 1228 0 14329 0 726 0 156751 0 0 0 DIANE ANSTINE DEAN-SCHOOL OF BUSINESS AND ENTREPRENEURSHIP 134660 0 3000 0 431 0 14366 0 2788 0 155245 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. THERE WERE Contributions of $50,000 made to the plan, but NO DISTRIBUTIONS FROM THIS PLAN IN CALENDAR YEAR 2019. Schedule J, Part I, Line 7 Non-fixed payments WITH THE EXCEPTION OF PRESIDENT, 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 true false B Illinois Finance Authority 861091967 000000000 2014-12-04 32206000 SEE SUPPLEMENTAL INFORMATION false true false C ILLINOIS FINANCE AUTHORITY 861091967 000000000 2015-07-09 30177000 SEE SUPPLEMENTAL INFORMATION false true false D ILLINOIS FINANCE AUTHORITY 861091967 000000000 2020-05-28 21524000 SEE SUPPLEMENTAL INFORMATION false true false A 33958589 203325 33755264 2014 true false true true B 3706000 32206000 206000 22000000 10000000 2014 true false true true C 22120024 30177000 177000 30000000 2017 false false true true D 21524000 274538 614346 20635116 2020 false false true true A false false true true false 0.015 0.0 0.015 false false true B false false true true false 0.039 0.0 0.039 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 true false false true true Bank of Montreal 10.0 false false false false true B false true false false true true PNC Bank 29.5 false false false false true C false true false false 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. ADVANCED DATA TECHNOLOGIES INC David Kelsch, BOARD MEMBER, is also the president and CEO of Advanced Data Technologies Inc. 327189 TECHNOLOGY false BRAD SPENCER SON OF CURRENT OFFICER 89849 EMPLOYMENT false ANDREW SAUER SON OF CURRENT OFFICER 59354 EMPLOYMENT false BRANDON HOEFT SON OF CURRENT TRUSTEE 23832 EMPLOYMENT false LEILA AZARBAD DAUGHTER OF CURRENT TRUSTEE 91704 EMPLOYMENT false Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. ANY SCHOLARSHIP COMMITTEE MEMBER WHO HAS A RELATIONSHIP WITH ANY POTENTIAL RECIPIENT OF SCHOLARSHIP MONEY IS NOT INCLUDED IN THE SELECTION PROCESS FOR THAT PARTICULAR CANDIDATE. X 27 590935 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. IN 2019-2020, THE COLLEGE SERVED 2,888 FULL-TIME AND PART-TIME STUDENTS. 28 STATES AND U S TERRITORIES AND 38 COUNTRIES ARE REPRESENTED IN OUR STUDENT POPULATION. ABOUT 1,350 STUDENTS RESIDE ON THE COLLEGE CAMPUS EACH SEMESTER. NORTH CENTRAL COLLEGE CONFERRED 691 UNDERGRADUATE DEGREES AND 81 MASTERS DEGREES IN THE 2019-2020 ACADEMIC YEAR. 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 A REVIEW IS CONDUCTED PRIOR TO FILING THE 990 WITH THE IRS. THE FINANCIAL ANALYST GATHERS INFORMATION FROM VARIOUS AREAS OF THE COLLEGE FOR REVIEW BY TAX PROFESSIONAL AND VP OF FINANCE. BASED ON THE REVIEW THE FINANCIAL ANALYST MAKES NECESSARY CHANGES. A FINAL DRAFT IS SENT TO ALL VOTING BOARD MEMBERS VIA SECURE SITE FOR THEIR REVIEW. IF ANY CHANGES ARE REQUIRED AFTER THE BOARD REVIEW THEY ARE SENT TO THE TAX PROFESSIONALS FOR INCORPORATION INTO THE SUBMITTED FORM 990. IT IS THE POLICY OF NORTH CENTRAL COLLEGE THAT ALL VOTING MEMBERS OF THE BOARD REVIEW A FINAL COPY OF THE FORM 990 BEFORE FILING FOR THEIR REVIEW OR COMMENT. 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: 49623, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 49623; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT - -5275841; CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT - -81360; OTHER TRANSFERS - -44475; 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. 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