2020-05-13T10:27:50-07:00 2019-06-30 990 2018-07-01 361557840 NORTH PARK UNIVERSITY NORT 7732444589 3225 W Foster Ave Chicago IL 60625 Anne McCullah Director of Finance 7732444589 2020-03-11 24.13.223.52 2018 2021-01-29 14:40:06Z Mary Surridge 3225 W Foster Ave Chicago IL 60625 174036333 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. 25 23 1543 100 71779 0 15730557 14968758 70041206 71606384 8627970 4808586 43172 281322 94442905 91665050 28810539 31358805 0 0 35945384 35766668 63987 0 1399113 21177913 28282892 85997823 95408365 8445082 -3743315 307508227 312655255 94579825 94116986 212928402 218538269 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 86692146 31358805 91665051 North Park University provided undergraduate and graduate degree programs to approximately 2,940 students during the year. Of this total, approximately 1,837 students were undergraduates and 1,103 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, counseling psychology, music, and theology. In addition, the university also provided residential living for approximately 767 students. 0 0 0 86692146 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 3885 0 1 1543 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 1 X 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Anne McCullah 7732444589 3225 W Foster Ave Chicago IL 60625 Virgil Applequist Trustee 5 0 X 0 0 0 Peggy Bley Trustee 5 0 X 0 0 0 Jon Bonkoski ECC Exec. Board Liaison 5 5 X 0 0 0 Howard Burgoyne Conf. of Superintendents Liaison 5 5 X 0 0 0 Jay Carstenbrock Trustee 5 0 X 0 0 0 Greg 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 Kathryn Edin Trustee 5 0 X 0 0 0 Rebekah Eklund Trustee 5 0 X 0 0 0 Beth Fredrickson Secretary 5 0 X 0 0 0 Keith Hamilton Trustee 5 0 X 0 0 0 David Helwig Trustee 5 0 X 0 0 0 Karen Meyer Trustee 5 0 X 0 0 0 Mary C Miller Trustee 5 0 X 0 0 0 Peter Nelson Trustee 5 0 X 0 0 0 Erin Oleniczak Member-at-large to the Exec Committee 5 0 X 0 0 0 Aaron Olson Trustee 5 0 X 0 0 0 David Otfinoski Trustee 5 0 X 0 0 0 Christine Rosell NPU Liaison to the ECC Exec Board 5 5 X 0 0 0 Mary Surridge NPU President, Ex-Officio 40 0 X X X X 255235 0 26366 Thomas Trautman Trustee 5 0 X 0 0 0 John Wenrich ECC President, Ex-Officio 5 40 X 0 73178 88582 David Youngberg Treasurer 5 0 X 0 0 0 Owen Youngman Chairperson 5 0 X 0 0 0 Gary Walter Trustee, Ex-Officio 5 40 X X 0 132547 106250 Anne McCullah Director of Finance 40 0 X 82920 0 22595 Scott Stenmark Exec. VP and CFO 40 0 X X 194120 0 13962 David Parkyn Former President 40 0 X X 248166 0 36424 Carl Balsam Interim University President 40 0 X X 214615 0 62958 Linda Duncan Dean, School of Nursing 40 0 X 125874 0 22366 Michael Emerson Provost 40 0 X 175744 0 31456 Jodi Koslow Martin VP for Student Engagement 40 0 X 129424 0 18793 Shena Keith VP for Advancement 40 0 X 135358 0 13982 David Kersten Dean of Seminary 40 0 X 138952 0 27675 1700408 205725 471409 24 1 1 0 WB Olson Inc 3325 Arnold Ln Northbrook IL 60062 General Building Contractor 3875644 ARAMARK Corp 1101 Market St Philadelphia PA 19107 Food Service Provider 2403945 Imperial Service Systems PO Box 2938 Glen Ellyn IL 60138 Facility Maint/Cleaning Svc 794932 General Mechanical Services 18 Congress Circle West Roselle IL 60172 Mechnical Contractor 542042 Chicago Transit Authority Transportation Service 567 W Lake St Chicago IL 60661 Transportation Service 513082 32 0 0 0 1000000 0 13968758 183298 14968758 Tuition Fee, Auxiliary 611710 71411964 71411964 0 0 194420 71635 71779 51006 71606384 4733467 4733467 0 0 0 0 0 0 0 0 0 0 359340 0 78018 0 281322 0 281322 281322 0 0 82368384 0 82293265 0 75119 0 75119 75119 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 91665050 76573507 71779 51006 0 0 31358805 31358805 0 0 0 0 653972 0 653972 0 0 0 0 0 27838506 26246968 731034 860504 1733230 1523128 159299 50803 3742050 3460678 214460 66912 1798910 1619811 125421 53678 1904386 1904386 0 0 153112 0 153112 0 74052 0 74052 0 0 0 0 0 0 0 459478 0 459478 0 0 0 0 0 2014162 1927434 0 86728 640464 585035 37855 17574 1589902 0 1589902 0 0 0 0 0 3813681 3813681 0 0 751592 647066 41189 63337 0 0 0 0 0 0 0 0 1919414 0 1919414 0 233316 0 233316 0 6501299 6501299 0 0 640384 0 640384 0 Post Retirement Benefit Obligation -22000 0 -22000 0 Library Resources 448166 448166 0 0 Equipment; Repair and Maint. 870519 870519 0 0 6290965 5785170 306218 199577 95408365 86692146 7317106 1399113 19839407 14393018 0 0 4224726 4228949 3069458 2459520 0 0 0 0 0 0 0 0 2122979 2061313 195424663 73273166 122173399 122151497 123806067 134844412 30904165 30982844 0 0 0 0 1368026 1533702 307508227 312655255 5891070 5944225 0 0 1487369 1488245 82825000 82375000 0 0 0 0 0 0 434232 346262 3942154 3963254 94579825 94116986 X 139106392 144394388 12701873 11859147 61120137 62284734 212928402 218538269 307508227 312655255 -3743315 9353182 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 77272026 1555967 -1309636 2369624 855376 76799 74216558 0.16 0.74 0.1 0 0 0 10216296 10216296 0 155940899 57701177 98239722 0 0 0 0 0 15046347 8225071 6821276 0 14221121 7346918 6874203 122151497 0 F 0 F National Covenant Property Bonds 3868936 F FEG Alternative Funds 27026967 F Faculty Mortgages (secured) 86941 C 30982844 0 Post Retirement Benefit Obligation 2216000 Perkins and Student Nursing Loans 1535162 Advances and Deposits Held 799133 Amortized Bond Costs -587041 3963254 X 68918628 9353182 0 0 0 9353182 59565446 459478 31640126 32099604 91665050 63308761 0 0 0 0 0 63308761 459478 31640126 32099604 95408365 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, 2019, 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 ($22,546,466). Non-institutional pass-thru student financial aid from federal & state sources is not reported in GAAP ($8,812,339). All other reclassifications ($281,322). Schedule D, Part XII, Line 4b Institutional financial aid is netted from revenue per GAAP ($22,546,466). Non-institutional pass-thru student financial aid from federal and state sources is not reported in GAAP ($8,812,339). All other reclassifications are $281,322. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Our non-discrimination policy is published on our website in several locations as well as our admissions applications and related promo materials. 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 (now in repayment only) and Student Nursing loans. The university is entitled to an administrative cost allowance for management of Federal Title IV student assistance programs. Schedule E, Part I, Line 6a 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 Study Abroad 1372 Europe (including Iceland and Greenland) 0 0 Program Services Student Recruitment 91908 East Asia and the Pacific 0 0 Program Services Student Recruitment 8345 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Student Recruitment 40498 South America 0 0 Program Services Study Abroad 35743 0 0 177866 0 0 0 0 0 0 1 FA-UG: Univ. funded financial aid awarded to traditional undergraduates 1812 19329855 0 Applied to students' accounts N/A FA-GRA: Univ. funded financial aid awarded to graduates/adults 695 2018568 0 Applied to students' accounts N/A FA-SEM: Univ. funded financial aid awarded to Seminarians 334 1198043 0 Applied to students' accounts N/A FED-PASS: Federal financial aid passed through to students 970 5307791 0 Applied to students' accounts N/A ST-PASS: State grants passed through to students 862 3504548 0 Applied to students' accounts 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 David Parkyn Former President 248166 0 0 0 0 0 0 0 36424 0 284590 0 0 0 Mary Surridge NPU President, Ex-Officio 255235 0 0 0 0 0 0 0 26366 0 281601 0 0 0 Carl Balsam Interim University President 214615 0 0 0 0 0 0 0 62958 0 277573 0 0 0 Gary Walter Trustee, Ex-Officio 0 112547 0 20000 0 0 0 20600 0 85650 0 238797 0 0 Scott Stenmark Exec. VP and CFO 194120 0 0 0 0 0 0 0 13962 0 208082 0 0 0 Michael Emerson Provost 175744 0 0 0 0 0 0 0 31456 0 207200 0 0 0 David Kersten Dean of Seminary 138952 0 0 0 0 0 0 0 27675 0 166627 0 0 0 John Wenrich ECC President, Ex-Officio 0 72178 0 1000 0 0 0 18482 0 70100 0 161760 0 0 Shena Keith VP for Advancement 135358 0 0 0 0 0 0 0 13982 0 149340 0 0 0 Linda Duncan Dean, School of Nursing 125874 0 0 0 0 0 0 0 22366 0 148240 0 0 0 Jodi Koslow Martin VP for Student Engagement 129424 0 0 0 0 0 0 0 18793 0 148217 0 0 0 Anne McCullah Director of Finance 82920 0 0 0 0 0 0 0 22595 0 105515 0 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 its 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 0.00005 0.00005 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 Schedule K, Part IV, Line 2c-04/19/2005 33,000,000 Illinois Finance Authority Proceeds were spent within allowable period Schedule K, Part IV, Line 2c-10/17/2012 30,000,000 Illinois Finance Authority Proceeds were spent within allowable period Jack Surridge Spouse of key employee 94179 Compensation as Athletic Director 0 X 19 183298 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 require 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 773-244-4589. 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 233316 Evangelical Covenant Church c 1000000 Covenant Trust Company b 33333 Additional paid-in-capital