2019-04-15T13:23:57-05:00 2018-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2017-06-01 410706151 NORTH CENTRAL UNIVERSITY NORT 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 SCOTT HAGAN PRESIDENT 6123434400 2019-04-13 1 KAREN GRIES P00078514 6123764500 67.137.57.251 2019-04-13 16:31:50 CD P 8930F06402091CE01DE01F5E1C46450EDDF6C8AB 018F859A7ADF71927D8CA29E6C090381BCC96D15 2017 2019-02-21 02:37:17Z SCOTT HAGAN 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 44976870 0 1678 X WWW.NORTHCENTRAL.EDU X 1930 MN TO TRAIN AND PREPARE LEADERS TO SERVE THEIR COMMUNITY, CHURCH AND WORLD ACCORDING TO THEIR VOCATION AND GIFTS. 26 26 333 50 0 0 2769923 2711383 26286440 28119203 201661 248232 -88502 602121 29169522 31680939 10853103 11793400 0 0 12389322 10753424 0 0 177915 7279381 9026915 30521806 31573739 -1352284 107200 44745547 44994374 7046966 7046824 37698581 37947550 X NORTH CENTRAL UNIVERSITY IS A CHRISTIAN UNIVERSITY WITH A COMMITMENT TO ACADEMIC EXCELLENCE, WITH AN URBAN AND INTERNATIONAL FOCUS, WHOSE PURPOSE IS TO PREPARE PENTECOSTAL LEADERS TO SERVE GOD IN THEIR CHURCH, COMMUNITY, AND WORLD. 0 0 28712493 11793400 23329076 NORTH CENTRAL UNIVERSITY (THE UNIVERSITY) IS A CHRISTIAN UNIVERSITY, WITH AN URBAN AND INTERNATIONAL FOCUS, WHOSE PURPOSE IS TO PREPARE PENTECOSTAL LEADERS TO SERVE GOD IN THE CHURCH, THEIR COMMUNITY, AND THE WORLD. THE UNIVERSITY OFFERS ABOUT SIXTY AREAS OF STUDY THROUGH ITS COLLEGE OF ARTS AND SCIENCES, COLLEGE OF FINE ARTS, AND COLLEGE OF CHURCH LEADERSHIP. THE CURRICULUM IS SUPPORTED WITH A CHRISTIAN WORLD VIEW DEVELOPED THROUGH A MEANINGFUL, INTEGRATED GENERAL EDUCATION CORE PROGRAM. THE UNIVERSITY TRAINS STUDENTS TO SERVE GOD IN A VARIETY OF WAYS ACCORDING TO THEIR VOCATION AND GIFTS. PROGRAM FOCUS AT NORTH CENTRAL IS PARTICULARLY UPON URBAN AND INTERNATIONAL SETTINGS, UTILIZING THE METROPOLITAN CONTEXT OF THE MINNEAPOLIS-ST. PAUL AREA AS A LABORATORY FOR EFFECTIVE MINISTRY AND WORK IN THE MARKETPLACE, IN ADDITION TO PROVIDING A FULL ARRAY OF CREATIVE INTERNATIONAL LEARNING OPPORTUNITIES. NORTH CENTRAL IS A COEDUCATIONAL, PRIMARILY UNDERGRADUATE RESIDENTIAL UNIVERSITY, OWNED AND OPERATED BY 11 ASSEMBLIES OF GOD DISTRICTS OF THE UPPER MIDWEST. FOUNDED IN 1930, THE UNIVERSITY CURRENTLY SERVES A POPULATION OF ABOUT 1,100 STUDENTS. 28712493 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 333 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X ANDREW DENTON 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 BONTRAGER RON BOARD CHAIR 2.00 X X 0 0 0 JACOBS TOM SECRETARY 2.00 X X 0 0 0 DEAN MARK EXECUTIVE COMMITTEE 2.00 X X 0 0 0 DUNSTON PEGGY EXECUTIVE COMMITTEE 2.00 X 0 0 0 GROGAN GARY EXECUTIVE COMMITTEE 2.00 X 0 0 0 SVOBODA BILL EXECUTIVE COMMITTEE 2.00 X 0 0 0 TRIPP STEVE EXECUTIVE COMMITTEE 2.00 X 2972 0 0 ANKU KWAME BOARD MEMBER 2.00 X 0 0 0 COOPER ERIK BOARD MEMBER 2.00 X 0 0 0 DAVIS JOHN BOARD MEMBER 2.00 X 1850 0 0 DOCKTER SHAWN BOARD MEMBER 2.00 X 0 0 0 GIFFORD DON BOARD MEMBER 2.00 X 0 0 0 GUIRE PATRICK BOARD MEMBER 2.00 X 0 0 0 KETTERLING ROB BOARD MEMBER 2.00 X 0 0 0 LIECHTY JEFF BOARD MEMBER 2.00 X 0 0 0 LIECHTY JON BOARD MEMBER 2.00 X 0 0 0 MCPHERSON RANDY BOARD MEMBER 2.00 X 0 0 0 NYSTROM LOWELL BOARD MEMBER 2.00 X 0 0 0 RUCH NATE BOARD MEMBER 2.00 X 0 0 0 RILEY BRAD BOARD MEMBER 2.00 X 0 0 0 SCHAIBLE STEPHEN BOARD MEMBER 2.00 X 0 0 0 SCHNEIDER PHIL BOARD MEMBER 2.00 X 0 0 0 ST JOHN KIRBY BOARD MEMBER 2.00 X 0 0 0 TITUS WINSTON BOARD MEMBER 2.00 X 0 0 0 TRASK BRAD BOARD MEMBER 2.00 X 0 0 0 WASHINGTON FRED BOARD MEMBER 2.00 X 0 0 0 HAGAN SCOTT PRESIDENT 40.00 X 135222 0 13019 TUCKER DONALD VP ACADEMIC AFFAIRS 40.00 X 120319 0 34586 DENTON ANDREW VP UNIVERSITY RELATIONS 40.00 X 113304 0 34018 GRAHAM DOUG VP SPIRITUAL LIFE 40.00 X 101654 0 6218 BACH LAWRENCE DEAN COLLEGE OF FINE ARTS 40.00 X 103664 0 36526 578985 0 124367 4 0 1 0 PIONEER COLLEGE CATERERS 700 LUTHER DR MANKATO MN 56001 FOOD SERVICES 1195474 MODERN HEATING & AIR CONDITIONING 2318 1ST ST NE MINNEAPOLIS MN 55418 HVAC MAINTENANCE 498418 BREMER BANK 80 S 8TH ST 240 MINNEAPOLIS MN 55402 FINANCING 394542 ELLUCIAN COMPANY LP 3000 EAST RIDGE ROAD ROCHESTER NY 14622 SOFTWARE 371397 SHI INTERNATIONAL CORP 150 N MICHIGAN AVE SUITE 500 CHICAGO IL 60601 SOFTWARE 297589 11 357930 1617385 736068 2711383 TUITION FEES 611600 20782791 20782791 RESIDENT HALL 611710 3105718 3105718 STUDENT FINANCIAL AID 611710 2020372 2020372 CAFETERIA 611710 1646711 1646711 OTHER AUXILIARY REVENUE 611710 563611 563611 28119203 250804 250804 12861084 12863656 -2572 -2572 -2572 5674 357930 127976 -122302 -122302 266601 304299 -37698 -37698 MISCELLANEOUS INCOME 900099 762121 762121 762121 31680939 23329076 0 5640480 11793400 11793400 784936 667195 109892 7849 7234593 6093163 1074631 66799 260277 222022 35653 2602 1887499 1629551 247150 10798 586119 499842 80416 5861 51095 51095 94425 11382 83043 17355 17355 659488 579839 71520 8129 345740 345740 496489 375357 102078 19054 350852 146907 203945 2370004 2214452 147368 8184 319175 237027 66463 15685 215409 184627 30782 124550 123890 660 1640525 1534931 100026 5568 1979 1136 843 MEAL PLAN EXPENSE 1312137 1284226 27907 4 STUDENT EXPENSES 318342 318047 295 DUES & PROJECTS 175338 157607 15336 2395 EQUIPMENT & MAINTENANCE 170134 150647 19115 372 363878 141505 197758 24615 31573739 28712493 2683331 177915 539793 246592 5868918 5693766 1377765 1245258 19395 27373 554628 535484 60847332 29248934 31589866 31598398 2990123 3918240 1332534 1317466 472525 411797 44745547 44994374 1459152 755218 1583612 1232189 95558 113488 2818548 3903699 1090096 1042230 7046966 7046824 X 33486817 33551867 772201 914484 3439563 3481199 37698581 37947550 44745547 44994374 X 107200 137540 4229 X 0 1 X 1 1 1 X 0 1 X 3148687 44307 149251 33659 3308586 2917461 219014 42193 29981 3148687 3017642 51828 -113359 38650 2917461 2849908 142580 78988 53834 3017642 2546580 183853 146174 26699 2849908 0.00000 0.94610 0.05390 0 0 6155399 6155399 23657059 9173749 14483310 20697173 10802433 9894740 8777286 7973212 804074 1560415 1299540 260875 31598398 DEPOSITS 118062 ASSET RETIREMENT OBLIGATION 165724 ANNUITIES PAYABLE 89523 POST RETIREMENT BENEFIT OBLIGATION 668921 1042230 X 20289744 137540 432275 569815 19719929 11961010 11961010 31680939 20089311 432275 432275 19657036 11916703 11916703 31573739 PART IV, LINE 2B: THE UNIVERSITY HAS STUDENT ORGANIZATIONS RAISE MONEY BY HOLDING CAR WASHES, BAKE SALES, ETC. TO BE USED FOR ACTIVITIES THAT THE STUDENTS WILL PARTICIPATE AND/OR RUN. THE ORGANIZATIONS ON CAMPUS ALSO PLAN MINISTRY AND/OR MISSIONS TRIPS WHERE FUNDS RAISED MAY COME FROM RELATIVES/FRIENDS OR THE STUDENT PERSONALLY. THE FUNDS RAISED ARE THEN USED BY THE PARTICULAR ORGANIZATION TO ENABLE STUDENTS TO TRAVEL INTO AN INTERNATIONAL SETTING TO EXPERIENCE CULTURE AND PERFORM MINISTRY TO THE LOCAL COMMUNITY. THE FUNDS RAISED ARE HELD BY THE UNIVERSITY UNTIL DISBURSED TO THE STUDENT ORGANIZATIONS. TOTAL FUNDS HELD BY THE UNIVERSITY TOTALED $113,488 AT MAY 31, 2018. PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LONG-TERM MISSION OF THE UNIVERSITY. THE FUND WAS USED FOR SCHOLARSHIPS AND OPERATIONS EXPENSE. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS ALSO EXEMPT FROM MINNESOTA TAXES UNDER MINNESOTA STATUTE CHAPTER 290.05. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. THE UNIVERSITY HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX FILING THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS GUIDANCE HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY'S TAX FILINGS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE UNIVERSITY IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. THE UNIVERSITY IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 127,976. COGS 304,299. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 8,511,969. SCHOLARSHIPS REPORTED NET IN FINANCIAL STATEMENTS 3,404,734. PRIVATE GIFTS AND CONTRIBUTIONS, NON-OPERATING 44,307. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 127,976. COGS 304,299. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 8,511,969. SCHOLARSHIPS REPORTED NET IN FINANCIAL STATEMENTS 3,404,734. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EVERY BROCHURE INCLUDES THE PHRASE: "NORTH CENTRAL UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, SEX, NATIONAL ORIGIN, AGE OR DISABILITY." SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AND STATE FUNDING. BANQUET 333000 333000 48319 2000 46163 GOLF TOURNAMENT 30604 24930 5674 5674 22331 3489 363604 357930 5674 5674 70650 2000 49652 127976 -122302 1 FEDERAL PELL GRANT 406 1658834 N/A N/A SUPPLEMENTAL ED. OPPORTUNITY GRANT 138 61620 N/A N/A MINNESOTA STATE GRANT 309 1560977 N/A N/A FINANCIAL ASSISTANCE - NORTH CENTRAL UNIVERSITY INSTITUTIONAL AID 395 8511969 N/A N/A PART I, LINE 2: THE UNIVERSITY REVIEWS AND APPLIES CRITERIA BASED ON CIRCUMSTANCE, GRADE-POINT AVERAGE AND NEED. THE PROCESS IS APPLIED CONSISTENTLY TO ALL STUDENTS OF THE INSTITUTION. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 TUCKER DONALD VP ACADEMIC AFFAIRS 120319 0 0 0 0 0 2976 0 31610 0 154905 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE WAS PROVIDED TO THE FOLLOWING INDIVIDUALS: LAWRENCE BACH, ANDREW DENTON, LON FLIPPO, AND DOUGLAS GRAHAM. THE AMOUNTS OF THE HOUSING ALLOWANCE ARE INCLUDED IN THEIR TAXABLE INCOME. FAMILY OF BOARD MEMBER 2972 TUITION ASSISTANCE FAMILY OF BOARD MEMBER 1850 TUITION ASSISTANCE FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE PRESIDENT OF THE UNIVERSITY, THE CHAIR, THE VICE-CHAIR AND THE SECRETARY-TREASURER OF THE BOARD, AND FOUR OTHER BOARD MEMBERS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO TRANSACT ANY NECESSARY BUSINESS THAT MAY ARISE BETWEEN MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 JON AND JEFF LIECHTY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY CONSISTS OF THE FOLLOWING: THE DISTRICT SUPERINTENDENT, THE DISTRICT YOUTH DIRECTOR, AND TWO OTHER MEMBERS. THEY ARE APPOINTED TO THE BOARD OF REGENTS BY EACH OF THE FOLLOWING DISTRICTS OF THE ASSEMBLIES OF GOD: ILLINOIS, INDIANA, IOWA, MICHIGAN, MIDWEST LATIN AMERICAN, MINNESOTA, NEBRASKA, NORTH DAKOTA, NORTHERN MISSOURI, SOUTH DAKOTA AND WISCONSIN-NORTHERN MICHIGAN. IN ADDITION, THE PRESIDENT OF THE COLLEGE AND THE EXECUTIVE PRESBYTER OF THE NORTH CENTRAL REGION OF THE GENERAL COUNCIL OF THE ASSEMBLIES OF GOD ARE GIVEN VOTING POSITIONS ON THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED BY MANAGEMENT AND THE EXECUTIVE COMMITTEE PRIOR TO FILING. A PUBLIC INSPECTION COPY OF THE RETURN WAS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND MEMBERS OF THE BOARD OF REGENTS. THE EXECUTIVE COMMITTEE REVIEWS ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST THAT ARE REPORTED, AND TAKES ACTION IF NECESSARY. IF BOARD ACTION IS REQUIRED, THE BOARD MEMBER WITH A CONFLICT OF INTEREST WOULD BE EXCUSED FROM THE VOTING PROCESS TO HELP AVOID THE CONFLICT. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 WE COLLECT SALARY INFORMATION THROUGH NUMEROUS SURVEY SOURCES. INCLUDING SEVERAL 990S INSTITUTIONS THAT ARE COMPARABLE TO NORTH CENTRAL UNIVERSITY. ONCE THIS INFORMATION IS COLLECTED AND REVIEWED, IT IS SUBMITTED TO OUR BOARD OF REGENTS FOR RECOMMENDATION AND APPROVAL. THE DECISION-MAKING PROCESS, AND ALL DELIBERATION ARE WELL DOCUMENTED IN MEETING MINUTES. THE PROCESS WAS LAST COMPLETED DURING THE OCT 2017 BOARD MEETING FOR PRESIDENT SCOTT HAGAN. THE BOARD OF REGENTS REVIEWS PRIOR YEAR FINANCIAL RESULTS AND CURRENT ENROLLMENT GOALS IN THE OCTOBER MEETING. BASED ON THE REVIEW AND OTHER COMPARABLE DATA, A PERCENTAGE COMPENSATION INCREASE IS APPROVED FOR OTHER OFFICERS, IF APPROPRIATE. THIS PROCESS WAS LAST COMPLETED IN OCTOBER 2017 FOR THE PROVOST, DON TUCKER; EXECUTIVE VICE PRESIDENT OF ADVANCEMENT, ANDREW DENTON, VICE PRESIDENT OF SPIRITUAL LIFE, DOUG GRAHAM. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE MINNESOTA SECRETARY OF STATE, AND UPON REQUEST. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 4,229.