2019-04-09T10:00:25-05:00 2018-06-30 350921680 CROWE LLP 330 E Jefferson Blvd PO Box 7 South Bend IN 466240007 990 2017-07-01 362169157 North Central College NORT 6306375680 30 N Brainard Street Naperville IL 60540 Maryellen J Skerik Vice President for Finance 2019-04-09 true KENNETH J KEBER P00240883 5742323992 2017 2019-02-21 02:37:17Z Troy Hammond 30 N Brainard Street Naperville IL 60540 141586149 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. 36 29 1903 35 467164 0 11981154 9834151 112092629 115938495 5589096 6284778 2041504 1816218 131704383 133873642 46834680 51000787 0 41992110 43808128 46827 33698 2411609 35535960 34920747 124409577 129763360 7294806 4110282 353467190 341028924 112138644 89429978 241328546 251598946 SEE SCHEDULE O false false 90633229 51000787 100665756 INSTRUCTION, ACADEMIC SUPPORT, ACADEMIC ADVISING & FINANCIAL AID, FACULTY INSTRUCTION FOR DEGREE CANDIDATES, COMMUNITY EDUCATION, AND MASTER'S DEGREE PROGRAMS ARE PROVIDED. 91% 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. 14817801 15765492 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 BOOKSTORE, COLLEGE UNION, AND STUDENT GATHERING SPACES ARE ALSO INCLUDED IN AUXILIARY SERVICE. APPROXIMATELY 1,368 OF THE FULL-TIME STUDENTS CHOSE TO LIVE IN COLLEGE OWNED OR LEASED PROPERTIES. 100% RESIDENT STUDENTS ARE REQUIRED TO PURCHASE A MEAL PLAN. 14031621 STUDENT SERVICES AND ATHLETICS OFFICES SERVICING THE STUDENT BODY INCLUDE ADMISSIONS, INTERNATIONAL RECRUITING, FINANCIAL AND 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 THE DECEMBER D-TERM AND SPRING BREAK. NCC MAINTAINS 27 NCAA DIVISION III PROGRAMS (13 MALE AND 14 FEMALE VARSITY SPORTS) AND HAS WON 36 TEAM NATIONAL CHAMPIONSHIPS. 119482651 true true false true false false true false true true true false false true true true false true false true false false true false false false false true true true false false false false false false true false true true true false false false false true false false false true 4145 0 true 1903 true true true false false false false true true true false false false X 36 29 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 TROY HAMMOND PRESIDENT 60.0 X X 424394 0 136339 STEVEN H HOEFT CHAIRMAN OF THE BOARD 1.0 X X 0 0 0 DAVID W KELSCH VICE CHAIR, BUSINESS AFFAIRS 1.0 X X 0 0 0 KEVIN M GENSLER TRUSTEE, BOARD SECRETARY 1.0 X X 0 0 0 JAMES A MCDERMET Vice Chair, Academic Affairs 1.0 X X 0 0 0 DONALD SHARP Vice Chair, Institutional Advancement 1.0 X X 0 0 0 HOLLY HUMPHREY TRUSTEE 1.0 X 0 0 0 JEFF OESTERLE TRUSTEE 1.0 X 0 0 0 HERMAN B WHITE JR TRUSTEE 1.0 X 3750 0 0 JOSEPH MALLON TRUSTEE 1.0 X 0 0 0 SALLY DYCK TRUSTEE 1.0 X 0 0 0 RAY KINNEY TRUSTEE 1.0 X 0 0 0 RONALD LEUPTOW TRUSTEE 1.0 X 0 0 0 MICHAEL R NASET TRUSTEE 1.0 X 0 0 0 TOM CARROLL TRUSTEE 1.0 X 0 0 0 STEVEN RUBIN TRUSTEE 1.0 X 0 0 0 STEPHEN T SELLERS TRUSTEE 1.0 X 12821 0 0 JEFFREY K SWALLOW TRUSTEE 1.0 X 0 0 0 SCOTT WEHRLI 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 HEE-SOO JUNG TRUSTEE 1.0 X 0 0 0 LEE WOOLLEY TRUSTEE 1.0 X 0 0 0 THOMAS HARTER TRUSTEE 1.0 X 0 0 0 KRIS HARTNER TRUSTEE 1.0 X 0 0 0 ANDREA BECK TRUSTEE 1.0 X 0 0 0 ESTHER T BENJAMIN TRUSTEE 1.0 X 0 0 0 ERIN L BISHOP Vice Chair, Enrollment and Student Affairs 1.0 X 0 0 0 MATTHEW S BRILL TRUSTEE 1.0 X 0 0 0 CARLI FRANKS TRUSTEE 1.0 X 0 0 0 MARIA E WYNNE TRUSTEE 1.0 X 0 0 0 KATHRYN BIRKETT TRUSTEE 1.0 X 0 0 0 ROBIN BOREN TRUSTEE 1.0 X 0 0 0 WILLIAM KOTTMANN TRUSTEE 1.0 X 0 0 0 ALI SETORK TRUSTEE 1.0 X 0 0 0 TOM MIERS TRUSTEE 1.0 X 0 0 0 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 60.0 X 168425 0 35322 MICHAEL HUDSON VP FOR OPERATIONS 60.0 X 162609 0 72416 MARTIN SAUER VP FOR ENROLLMENT MANAGEMENT AND ATHLETICS 60.0 X 197507 0 38330 KIMBERLY SLUIS VP FOR STUDENT AFFAIRS AND DEAN OF STUDENTS 60.0 X 149701 0 16405 ABIODUN GOKE-PARIOLA PROVOST/VP FOR ACADEMIC AFFAIRS 60.0 X 227457 0 45988 RICK E SPENCER VP INSTITUTIONAL ADVANCEMENT 60.0 X 219770 0 41885 MARYELLEN SKERIK VP FOR FINANCE 60.0 X 172608 0 23618 MARTI BOGART PROF OF ECON/ASSOCIATE DEAN 50.0 X 149726 0 24067 RICHARD WILDERS PROF OF MATH/ASSOCIATE DEAN 50.0 X 143459 0 30510 PAMELA MONACO DEAN-SCHOOL OF GRADUATE AND PROFESSIONAL STUDIES 50.0 X 131036 0 25449 DIANE ANSTINE DEAN-SCHOOL OF BUSINESS AND ENTREPRENEURSHIP 50.0 X 133989 0 16295 THOMAS CAVENAGH PROF OF LEADERSHIP ETHICS AND VALUES 50.0 X 136377 0 64769 PAUL LOSCHEIDER FORMER VP FOR BUSINESS AFFAIRS 0.0 X 123110 0 27590 2556739 0 598983 46 true true false PEPPER CONSTRUCTION CO 643 NORTH ORLEANS ST CHICAGO IL 60654 CONSTRUCTION SERVICES 2378346 BULLEY & ANDREWS LLC 1755 W ARMITAGE AVE CHICAGO IL 60622 CONSTRUCTION SERVICES 2141186 THE MILLARD GROUP 94346 EAGLE WAY CHICAGO IL 60678 CLEANING SERVICES 1028342 WIDMER INTERIORS 8415 N ALLEN RD PEORIA IL 61615 CONSTRUCTION SERVICES 741340 ROYALL & COMPANY 1920 E PARHAM RD RICHMOND VA 23228 FUNDRAISING & ADMISSIONS MARKETING 561637 25 X 253904 9580247 1514933 9834151 TUITION (INCLUDING FINANCIAL AID) 812900 98446279 98446279 COMMUNITY EDUCATION 812900 323076 323076 STUDENT HOUSING/AUXILIARY ENTERPRISES 912900 15765492 15765492 STUDENT FEES 900099 679443 679443 OTHER ATHLETIC, ACADEMIC, AND ADMIN 900099 724205 724205 0 0 0 0 115938495 2344473 2344473 1442805 482888 959917 0 959917 492753 467164 11169924 7229094 525 3940830 -525 3940305 3940305 THEATRE GATE RECEIPTS 711130 552194 552194 PARKING FINES/FEES 812930 241967 241967 ATHLETIC GATE RECEIPTS 812900 53549 53549 8591 0 0 8591 856301 133873642 116431248 467164 7141079 51000787 51000787 2018593 1175615 557546 285432 358142 222276 25751 110115 31468139 28339422 2221698 907019 2636655 2302100 203181 131374 4971366 3170672 1634912 165782 2355233 2091352 248241 15640 216348 117104 99244 64760 12952 51808 25000 25000 33698 33698 303152 60630 242522 2801528 2220977 278896 301655 1077268 739450 257204 80614 1844787 1606405 198611 39771 1004473 616244 385085 3144 8741 8741 8181521 7767291 414230 2044753 1807224 151696 85833 287231 233821 49757 3653 2226715 2148514 78201 7527759 7263389 264370 200053 196846 3207 FOOD SERVICE 3727459 3727459 EQUIPMENT RENTAL 1147640 885496 224867 37277 HOSPITALITY 1316778 1008712 196042 112024 DUES AND SUBSCRIPTIONS 914781 759172 82031 73578 0 0 0 0 129763360 119482651 7869100 2411609 26216314 14528123 12031453 3580108 2678040 2903432 0 0 0 5890346 6012029 5569573 2580396 273934207 82064958 189836247 191869249 98118380 101069537 12810085 18195281 0 316752 290769 353467190 341028924 8708669 7773156 629557 1185222 94556952 74677344 0 8243466 5794256 112138644 89429978 X 174371063 181608767 20524187 22618225 46433296 47371954 241328546 251598946 353467190 341028924 X 4110282 3136365 3023753 X false true X true true true X 7845662 12497069 6287748 11981154 9834151 48445784 0 0 7845662 12497069 6287748 11981154 9834151 48445784 10250114 38195670 2526945 3226636 3499053 2724494 2837226 14814354 0 0 0 0 0 0 1344239 1409294 1264608 1114887 856301 5989329 69249467 545623085 0.5516 0.5184 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - THEATRE RECEIPTS, COLUMN A - 1050260.0, COLUMN B - 1118306.0, COLUMN C - 952246.0, COLUMN D - 827224.0, COLUMN E - 552194.0, COLUMN F - 4500230.0; DESCRIPTION - PARKING FEES/FINES, COLUMN A - 196369.0, COLUMN B - 214782.0, COLUMN C - 234476.0, COLUMN D - 230285.0, COLUMN E - 241967.0, COLUMN F - 1117879.0; DESCRIPTION - ATHLETIC GATE RECEIPTS, COLUMN A - 77935.0, COLUMN B - 61222.0, COLUMN C - 62057.0, COLUMN D - 52303.0, COLUMN E - 53549.0, COLUMN F - 307066.0; DESCRIPTION - OTHER, COLUMN A - 19675.0, COLUMN B - 14984.0, COLUMN C - 15829.0, COLUMN D - 5075.0, COLUMN E - 8591.0, COLUMN F - 64154.0; false false false false false false false false true 25000 25000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY $25,000 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. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY $25,000 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 109986446 1697637 9381133 1276104 2565028 284957 116939127 98721426 333146 15055078 1285000 2546607 291597 109986446 104784275 1432428 -3390872 1263599 2590861 249945 98721426 109479724 1839569 -2647138 1173152 2449913 264815 104784275 96838694 802185 15496936 1086930 2275738 295423 109479724 0.471 0.3963 0.1327 true false 8834544 8834544 228466473 60616843 167849630 26524255 21448115 5076140 10108935 10108935 191869249 Alternative Investments 17105322 Trust Held by Third Party 1089959 18195281 SPLIT INTEREST AGREEMENTS 1527532 REFUNDABLE LOAN 1104596 INTEREST RATE SWAP 1037646 OTHER LONG-TERM LIABILITY 2124482 5794256 X 86492108 3136365 -51000787 -47864422 134356530 -482888 -482888 133873642 79245461 482888 482888 78762573 51000787 51000787 129763360 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 - -51000787 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Rental Expense - -482888 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expense - 482888 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid - 51000787 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. ADVERTISEMENTS, BROCHURES, PUBLICATIONS, APPLICATION FOR ADMISSIONS, ETC., 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. A CLASSIFIED ADVERTISEMENT IS RUN ONCE PER TERM WITH THE COLLEGE'S ANTI-DISCRIMINATION 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 STUDENT. THE FEDERAL GRANTS AND LOANS ARE REPORTED IN THE COLLEGE'S A-133 SINGLE AUDIT. Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 578266 Middle East and North Africa 0 0 Program Services STUDY ABROAD 4366 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 64010 Europe (Including Iceland and Greenland) 0 1 Program Services RECRUITMENT 6750 0 1 0 0 0 1 653392 0 653392 false false true false false false X X X X X X X true WILSON-BENNETT TECH INC 206 W PLAZA BLVD SUITE C CABOT AR 72023 PHONATHON false 37918 33698 4220 37918 33698 4220 IL true ACADEMIC SCHOLARSHIPS & GRANTS 2444 51000787 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 false true false false false false false true false TROY HAMMOND PRESIDENT 307962 0 90000 0 26432 0 22950 0 113389 0 560733 0 0 0 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 153074 0 15000 0 351 0 13902 0 21420 0 203747 0 0 0 MICHAEL HUDSON VP FOR OPERATIONS 136904 0 25393 0 312 0 15773 0 56643 0 235025 0 0 0 MARTIN SAUER VP FOR ENROLLMENT MANAGEMENT AND ATHLETICS 178831 0 17500 0 1176 0 19483 0 18847 0 235837 0 0 0 KIMBERLY SLUIS VP FOR STUDENT AFFAIRS AND DEAN OF STUDENTS 141514 0 8000 0 187 0 14859 0 1546 0 166106 0 0 0 ABIODUN GOKE-PARIOLA PROVOST/VP FOR ACADEMIC AFFAIRS 200287 0 25000 0 2170 0 18337 0 27651 0 273445 0 0 0 RICK E SPENCER VP INSTITUTIONAL ADVANCEMENT 197432 0 17500 0 4838 0 21966 0 19919 0 261655 0 0 0 MARYELLEN SKERIK VP FOR FINANCE 156602 0 15000 0 1006 0 9278 0 14340 0 196226 0 0 0 MARTI BOGART PROF OF ECON/ASSOCIATE DEAN 143895 0 4500 0 1331 0 15249 0 8818 0 173793 0 0 0 RICHARD WILDERS PROF OF MATH/ASSOCIATE DEAN 142001 0 0 0 1458 0 15215 0 15295 0 173969 0 0 0 PAMELA MONACO DEAN-SCHOOL OF GRADUATE AND PROFESSIONAL STUDIES 127927 0 2350 0 759 0 11163 0 14286 0 156485 0 0 0 DIANE ANSTINE DEAN-SCHOOL OF BUSINESS AND ENTREPRENEURSHIP 131221 0 2500 0 268 0 13951 0 2344 0 150284 0 0 0 THOMAS CAVENAGH PROF OF LEADERSHIP ETHICS AND VALUES 135649 0 0 0 728 0 13368 0 51401 0 201146 0 0 0 PAUL LOSCHEIDER FORMER VP FOR BUSINESS AFFAIRS 93517 0 0 0 29593 0 13826 0 13764 0 150700 0 0 0 Schedule J, Part I, Line 1a Travel for companions THE PRESIDENT MAY BE REIMBURSED FOR SPOUSAL TRAVEL AND ENTERTAINMENT EXPENSES, IF ANY, FOR ACTIVITIES DIRECTLY RELATED TO THE BUSINESS OF THE COLLEGE AND IN SUPPORT OF THE PRESIDENT'S DUTIES. THIS IS CONSIDERED NONTAXABLE. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE ONLY EMPLOYEE WHO RECEIVES HOUSING IS THE COLLEGE PRESIDENT. HIS EMPLOYMENT AS PRESIDENT OF THE COLLEGE AND AS A BENEFIT TO THE COLLEGE HE IS TO RESIDE IN THE COLLEGE PROVIDED HOUSING. THE RESIDENCE IS REGULARLY USED FOR COLLEGE BUSINESS. IN ADDITION, HIS CONTRACT STATES THE COLLEGE SHALL PAY ALL UTILITIES, REAL ESTATE TAXES, INSURANCE AND EXPENSE FOR MAINTENANCE AND UPKEEP FOR THE PRESIDENTIAL RESIDENCE. 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 CONSIDERED NONTAXABLE. 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 NO DISTRIBUTIONS FROM THIS PLAN IN CALENDAR YEAR 2017. 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 2014-12-04 33953000 SEE SUPPLEMENTAL INFORMATION false true false B Illinois Finance Authority 861091967 2014-12-04 32206000 SEE SUPPLEMENTAL INFORMATION false true false C ILLINOIS FINANCE AUTHORITY 861091967 2015-07-09 30177000 SEE SUPPLEMENTAL INFORMATION false true false A 33953000 31505589 203325 2249675 2014 true false true true B 2154000 32206000 10000000 206000 22000000 2014 true false true true C 19157318 30177000 177000 30000000 2017 false false true true A false false true true false 0.0 false false true B false false true true false 0.0 false false true C false false false false 0.0 false false true A false true true true Bank of Montreal 10.0 false false false false false B false true true true PNC Bank National Association 29.5 false false false false false C false true true false false false false A false B false C false Schedule K, Part V PROCEDURES TO UNDERTAKE CORRECTIVE ACTION NORTH CENTRAL COLLEGE HAS NOT VIOLATED ANY APPLICABLE REQUIREMENTS FOR TAX EXEMPT BONDS BENEFITING THE COLLEGE. THE COLLEGE WORKED WITH BOND COUNSEL TO ESTABLISH WRITTEN PROCEDURES TO ENSURE TIMELY IDENTIFICATION OF FEDERAL TAX REQUIREMENTS AND TIMELY CORRECTION OF ANY IDENTIFIED VIOLATIONS. 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. NA N/A 37609 MERIT BASED SCHOLARSHIP ADVANCED DATA TECHNOLOGIES INC David Kelsch, BOARD MEMBER, is also the president and CEO of Advanced Data Technologies Inc. 386394 TECHNOLOGY false BLOOMING COLOR RAY KINNEY, BOARD MEMBER, is also an officer of Blooming Color 385166 PRINTING SERVICES false BRAD SPENCER SON OF CURRENT OFFICER 79588 EMPLOYMENT false ANDREW SAUER SON OF CURRENT OFFICER 58718 EMPLOYMENT false BRANDON HOEFT SON OF CURRENT TRUSTEE 110115 EMPLOYMENT false NAPERVILLE EXCAVATING SCOTT WEHRLI, BOARD MEMBER, iS VP at Naperville Excavating and his father is owner and president. 66236 CONSTRUCTION SERVICES false LEILA AZARBAD DAUGHTER OF ACTIVE BOARD MEMBER 72477 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 36 1514933 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 I, Line 7a Unrelated Business Revenue THE FORM 990-T SHOWS UNRELATED BUSINESS INCOME IN THE AMOUNT OF $471,072. THIS AMOUNT INCLUDES DISALLOWED TRANSPORTATION FRINGE BENEFITS OF $3,908, WHICH IS NOT REFLECTED ON PART VIII, COLUMN C. AS A RESULT, PART I, LINE 7A IS $467,164. 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 2017-2018, THE COLLEGE SERVED 2,965 FULL-TIME AND PART-TIME STUDENTS. 27 STATES AND U S TERRITORIES AND 37 COUNTRIES ARE REPRESENTED IN OUR STUDENT POPULATION. ABOUT 1,368 STUDENTS RESIDE ON THE COLLEGE CAMPUS EACH TERM. NORTH CENTRAL COLLEGE CONFERRED 668 UNDERGRADUATE DEGREES AND 83 MASTERS DEGREES IN THE 2017-2018 ACADEMIC YEAR. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons JEFF OESTERLE AND SCOTT WHERLI - Business relationship, KEVIN GENSLER, RAY KINNEY, AND SCOTT WEHRLI - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body A REVIEW WAS CONDUCTED PRIOR TO FILING THE 990 WITH THE IRS. THE ASSISTANT VP OF FINANCE/CONTROLLER AND FINANCIAL ANALYST GATHER ALL INFORMATION FROM VARIOUS AREAS OF THE COLLEGE AND SUBMIT TO TAX PROFESSIONAL FOR THE FIRST DRAFT OF THE 990. THE ASSISTANT VP OF FINANCE/CONTROLLER AND FINANCIAL ANALYST REVIEW AND MAKE NECESSARY CHANGES. THE SECOND DRAFT WAS REVIEWED BY THE VP OF FINANCE AND THE COLLEGE PRESIDENT. AGAIN, UPDATES AND CHANGES WERE MADE IF NECESSARY. A FINAL DRAFT WAS SENT VIA EMAIL TO ALL VOTING BOARD MEMBERS FOR THEIR REVIEW. IF ANY CHANGES WERE REQUIRED AFTER BOARD REVIEW. THEY WERE SENT TO THE TAX PROFESSIONALS FOR INCORPORATION INTO THE 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 YER. 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 - Total Revenue: 8591, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 8591; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT - 2743942; CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT - 311428; OTHER TRANSFERS - -31617; 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 false