2021-05-12T23:58:42-07:00 2020-06-30 990 2019-07-01 361557840 NORTH PARK UNIVERSITY NORT 7732445597 3225 W Foster Ave Chicago IL 60625 Debra Wilburn Director of Finance 7732445597 2021-04-15 2019 2022-09-23 18:48:47Z Mary Surridge 3225 W Foster Ave Chicago IL 60625 135078963 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. 31 28 1488 100 54750 0 14968758 16648452 71606384 73011062 4808586 2692098 281322 182737 91665050 92534349 31358805 33454829 0 0 35766668 35344392 0 0 981531 28282892 28813267 95408365 97612488 -3743315 -5078139 312655255 307400947 94116986 93879233 218538269 213521714 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 85237410 33454829 92534349 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 85237410 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 3772 0 1 1488 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 1 X 31 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Debra Wilburn 7732445597 3225 W Foster Ave Chicago IL 60625 Mary Surridge NPU President, Ex-Officio 40 0 X X X X 292574 0 45475 Anthony Scola VP Enrollment Mgmt./Marketing 40 0 X 155447 0 177746 David Kersten Dean of Seminary 40 0 X 143500 0 170763 Craig Johnson Provost 40 0 X 109966 0 121492 John Wenrich ECC President, Ex-Officio 5 40 X 0 127242 96137 Scott Stenmark Exec. VP and CFO 40 0 X X 185423 0 34406 Ann Hicks Dean SBNM / Prof. Accounting 40 0 X 124791 0 25264 John Born AVP Athletics & Sport Mgmt. 40 0 X 109966 0 23732 Anne McCullah Director of Finance 40 0 X 82343 0 8506 Virgil Applequist Trustee 5 0 X 0 0 0 Peggy Bley Trustee 5 0 X 0 0 0 Jon Bonkoski Ex-Officio 5 5 X 0 0 0 Howard Burgoyne Conf. of Superintendents Liaison 5 5 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 Gail Dahlstrom 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 David Helwig Trustee 5 0 X 0 0 0 Dawn Helwig Trustee 5 0 X 0 0 0 Marcia Jimenez 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 Peter Nelson Trustee 5 0 X 0 0 0 Erin Oleniczak ECC Exec. Board Liaison 5 0 X 0 0 0 Aaron Olson Trustee 5 0 X 0 0 0 David Otfinoski Chair 5 0 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 1204010 127242 703521 15 0 1 0 ARAMARK Corp 1101 Market St Philadelphia PA 19107 Food Service Provider 1848788 WB Olson Inc 3325 Arnold Ln Northbrook IL 60062 General Building Contractor 1678604 Imperial Service Systems PO Box 2938 Glen Ellyn IL 60138 Facility Maint/Cleaning Svc 736245 Rockwood Company Change Management Consulting 20 N Wacker Dr Suite 960 Chicago IL 60606 Consulting Service 724561 General Mechanical Services 18 Congress Circle West Roselle IL 60172 Mechnical Contractor 699922 33 0 0 0 1000000 0 15648452 117463 16648452 Tuition fee, Auxiliary 611710 72854686 72854686 0 0 156376 74246 54750 27380 73011062 4168469 4168469 0 0 0 0 0 0 0 0 0 0 272616 0 89879 0 182737 0 182737 182737 0 0 40978364 0 42454735 0 -1476371 0 -1476371 -1476371 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 92534349 75803767 54750 27380 0 0 33454829 33454829 0 0 0 0 659382 0 659382 0 0 0 0 0 27952944 23339841 3940860 672243 1658977 1463840 160252 34885 3240455 2965446 237198 37811 1832634 1656409 132295 43930 1674719 1674719 0 0 187859 0 187859 0 123915 0 123915 0 0 0 0 0 0 0 501016 0 501016 0 0 0 0 0 1814079 1767434 0 46645 470232 421060 38072 11100 1819027 0 1819027 0 0 0 0 0 3486268 3486268 0 0 586564 527233 31839 27492 0 0 0 0 0 0 0 0 1680616 0 1680616 0 254919 0 254919 0 6891861 6891861 0 0 1057523 0 1057523 0 Post Retirement Benefit Obligation 269000 0 269000 0 Library Resources 467451 467451 0 0 Equipment: Repair and Maintenance 584798 584798 0 0 6943420 6536221 299774 107425 97612488 85237410 11393547 981531 14393018 15059515 0 0 4133420 5884679 2555049 2481719 0 0 0 0 0 0 0 0 2061313 1681641 197589327 78698729 122151497 118890598 134844412 131715986 30982844 30131840 0 0 0 0 1533702 1554969 312655255 307400947 5944225 6047940 0 0 1488245 1272731 82375000 81925000 0 0 0 0 0 0 346262 258292 3963254 4375270 94116986 93879233 X 144394388 141133054 74143881 72388660 218538269 213521714 312655255 307400947 -5078139 61584 0 0 0 0 X 0 1 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79526774 1594771 -905986 2851839 893851 143351 76326518 76873615 1431669 5050507 2813312 898907 116798 79526774 74875698 764899 5050844 2925980 807020 84825 76873616 72046412 1040166 5416733 2813630 788690 25293 74875698 74216558 3739052 -2404940 2577255 900745 26258 72046412 0.16 0.79 0.05 0 0 0 10216296 10216296 0 154779857 61465099 93314758 0 0 0 0 0 14785942 8730865 6055077 0 17807232 8502765 9304467 118890598 0 F 0 F National Coventant Property Bonds 4002615 F FEG Alternative Funds 26045749 F Faculty Mortgages (secured) 83476 C 30131840 4375270 4375270 X 58457352 61584 0 0 0 61584 58395768 501016 33637565 34138581 92534349 63473907 0 0 0 0 0 63473907 501016 33637565 34138581 97612488 Schedule D, Part V, Line 4 The endowment fund consists of approximately 645 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, 2020, 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 ($25,191,606). Non-institutional pass-thru student financial aid from federal & state sources is not reported in GAAP ($9,127,308). All other reclassifications (-681,349). Schedule D, Part XII, Line 4b Institutional financial aid is netted from revenue per GAAP ($25,191,606). Non-institutional pass-thru student financial aid from federal & state sources is not reported in GAAP ($9,127,308). All other reclassifications (-681,349). 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 for Federal Title IV student assistance program. East Asia and the Pacific 0 0 Program Services Student Recruitment 5691 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad 7499 Europe (including Iceland and Greenland) 0 0 Program Services Student Recruitment 51648 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Student Recruitment 65288 South America 0 0 Program Services Study Abroad 38235 0 0 168361 0 0 0 0 0 0 1 Univ. funded financial aid awarded to trad. UGs 1744 20969813 0 Applied to students' accts. N/A Univ. funded financial aid awarded to grad/adults 660 1948383 0 Applied to students' accts. N/A Univ. funded financial aid awarded to Seminarians 368 1409324 0 Applied to students' accts. N/A Fed. financial aid passed through to students 955 5207614 0 Applied to students' accts. N/A State grants passed through to students 870 3919695 0 Applied to students' 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 Mary Surridge NPU President, Ex-Officio 292574 0 0 0 0 0 0 0 45475 0 338049 0 0 0 Anne McCullah Director of Finance 82343 0 0 0 0 0 0 0 8506 0 90849 0 0 0 Scott Stenmark Exec. VP and CFO 185423 0 0 0 0 0 0 0 34406 0 219829 0 0 0 John Born AVP Athletics & Sport Mgmt. 109966 0 0 0 0 0 0 0 23732 0 133698 0 0 0 Ann Hicks Dean SBNM / Prof. Accounting 124791 0 0 0 0 0 0 0 25264 0 150055 0 0 0 Craig Johnson Provost 109966 0 0 0 0 0 0 0 121492 0 231458 0 0 0 David Kersten Dean of Seminary 143500 0 0 0 0 0 0 0 170763 0 314263 0 0 0 Anthony Scola VP Enrollment Mgmt./Marketing 155447 0 0 0 0 0 0 0 177746 0 333193 0 0 0 John Wenrich ECC President, Ex-Officio 0 127242 0 0 0 0 0 25437 0 70700 0 223379 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 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 Proceeds were spent within the allowable period. Schedule K, Part IV, Line 2c-10/17/2012 30,000,000 Illinois Finance Authority Proceeds were spent within the allowable period. Jack Surridge Spouse of key employee 72629 Compensation as Athletic Director 0 X 12 117463 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 trustees 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 Controller'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