2018-04-17T09:32:31-05:00 2017-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-06-01 410706151 NORTH CENTRAL UNIVERSITY NORT 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 SCOTT HAGAN PRESIDENT 6123434400 2018-04-09 1 KAREN GRIES P00078514 6123764500 67.137.57.251 2018-04-09 11:47:20 CD P 04722FD5EDB86B5C651CCDD44AB35AA37EEDD5A5 A2123DFBE242282C330A178D17D2CDC6A47C82D0 2016 2021-01-29 14:40:06Z SCOTT HAGAN 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 44209843 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. 46 45 702 0 0 0 2928890 2769923 27915994 26286440 109093 201661 76653 -88502 31030630 29169522 11168270 10853103 0 0 14921787 12389322 0 0 135317 8155993 7279381 34246050 30521806 -3215420 -1352284 46687231 44745547 7684408 7046966 39002823 37698581 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 27788981 10853103 21883803 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. 27788981 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 68 0 1 702 1 0 0 0 0 0 1 1 0 0 0 0 X 46 45 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X JOY BRATHWAITE VP OF BUSINESS & FINANCE 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 BONTRAGER RON BOARD CHAIR 2.00 X X 0 0 0 ST JOHN CLARENCE BOARD VICE CHAIR 2.00 X X 0 0 0 BREWER M RAY SECRETARY/TREASURER 2.00 X X 0 0 0 DEAN MARK EXECUTIVE COMMITTEE 2.00 X 0 0 0 GROGAN GARY EXECUTIVE COMMITTEE 2.00 X 0 0 0 LIEBE LARRY EXECUTIVE COMMITTEE 2.00 X 0 0 0 SVOBODA BILL EXECUTIVE COMMITTEE 2.00 X 0 0 0 BAUCHSPIESS DAVID BOARD MEMBER 2.00 X 0 0 0 BRENIZER JL BOARD MEMBER (LEFT FALL 2016) 2.00 X 0 0 0 CHRISTOPHER RYAN BOARD MEMBER 2.00 X 0 0 0 DAVIS JOHN BOARD MEMBER 2.00 X 9386 0 0 DOTSON MIKE BOARD MEMBER 2.00 X 0 0 0 DUNSTON PEGGY BOARD MEMBER 2.00 X 0 0 0 FILBECK JIM BOARD MEMBER 2.00 X 0 0 0 FLORES JERRY BOARD MEMBER 2.00 X 25122 0 0 FREITAG LEON BOARD MEMBER (LEFT SPRING 2017) 2.00 X 0 0 0 FURR STEVE 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 HLAVIN JEFF BOARD MEMBER 2.00 X 0 0 0 HLAVIN NATHAN BOARD MEMBER 2.00 X 0 0 0 HOFFMAN ERIC BOARD MEMBER 2.00 X 0 0 0 HOYT GARY BOARD MEMBER 2.00 X 0 0 0 HUNT THIETJE BOARD MEMBER (LEFT FALL 2016) 2.00 X 0 0 0 JACOBS TOM BOARD MEMBER 2.00 X 0 0 0 KETTERLING ROB BOARD MEMBER 2.00 X 0 0 0 KOLOSIK ADAM BOARD MEMBER 2.00 X 0 0 0 LIECHTY JEFF BOARD MEMBER 2.00 X 18866 0 0 LIECHTY JON BOARD MEMBER 2.00 X 0 0 0 LOOMIS MATTHEW BOARD MEMBER (LEFT FALL 2016) 2.00 X 0 0 0 MALDONADO CLEMENTE BOARD MEMBER 2.00 X 0 0 0 MCPHERSON RANDY BOARD MEMBER 2.00 X 0 0 0 MURILLO JOHN BOARD MEMBER 2.00 X 11690 0 0 NYSTROM LOWELL BOARD MEMBER 2.00 X 0 0 0 ONA BOB BOARD MEMBER 2.00 X 0 0 0 PHOENIX AARON BOARD MEMBER 2.00 X 0 0 0 RILEY BRAD BOARD MEMBER 2.00 X 0 0 0 ROGADO JUN BOARD MEMBER (LEFT FALL 2016) 2.00 X 0 0 0 SCHAIBLE STEPHEN BOARD MEMBER 2.00 X 0 0 0 SCHNECKLOTH TOBY 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 STOCKER JOEL BOARD MEMBER (LEFT SPRING 2017) 2.00 X 0 0 0 STRAND KIRK 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 TRIPP STEVE BOARD MEMBER 2.00 X 0 0 0 WASHINGTON FRED BOARD MEMBER 2.00 X 0 0 0 WELLBORN JOSH BOARD MEMBER 2.00 X 0 0 0 WELLS KENT BOARD MEMBER 2.00 X 8776 0 0 WENIG BILL BOARD MEMBER (LEFT FALL 2016) 2.00 X 0 0 0 WINE BOB BOARD MEMBER 2.00 X 0 0 0 ANDERSON GORDON PRESIDENT 40.00 X 169186 0 40930 BRATHWAITE JOY VP BUSINESS & FINANCE 40.00 X 103240 0 24994 TUCKER DONALD VP ACADEMIC AFFAIRS 40.00 X 112937 0 29150 DENTON ANDREW VP UNIVERSITY RELATIONS 40.00 X 109622 0 28896 NOSSER MICHAEL VP STUDENT DEVELOPMENT 40.00 X 75097 0 29727 GRAHAM DOUG VP SPIRITUAL LIFE 40.00 X 89338 0 31084 BACH LAWERENCE DEAN COLLEGE OF FINE ARTS 40.00 X 104647 0 14745 837907 0 199526 5 0 1 0 PIONEER CATERING 303 GLENROSE AVE NASHVILLE TN 37210 FOOD SERVICE 1055741 HOME HUGGERS 2284 STANDBRIDGE AVE MAPLEWOOD MN 55109 CONSTRUCTION 153738 NOEL-LEVITZ INC 2350 OAKDALE BLVD CORALVILLE IA 52241 CONSULTING 138328 MBS DIRECT PO BOX 617 COLUMBIA MO 65205 TEXTBOOKS 126914 4 341101 1430430 998392 7800 2769923 TUITION FEES 611600 19841834 19841834 RESIDENT HALL 611710 2721700 2721700 STUDENT FINANCIAL AID 611710 1889677 1889677 CAFETERIA 611710 1499467 1499467 OTHER AUXILIARY REVENUE 611710 333762 333762 26286440 155054 155054 14548128 14501521 46607 46607 46607 31200 341101 79944 -48744 -48744 277386 458856 -181470 -181470 MISCELLANEOUS INCOME 900099 141712 141712 141712 29169522 21883803 0 4515796 10853103 10853103 962337 486341 431427 44569 8142775 7278571 817778 46426 220687 195705 24690 292 2401747 2267877 103607 30263 661776 564368 90794 6614 58317 58317 156257 10279 145978 8067 8067 441291 413414 25685 2192 210134 210134 508061 337291 165809 4961 351205 311062 40143 961800 801498 160302 200782 176816 23966 192481 179855 12626 139700 74789 64911 1533197 1434616 98581 2354 2354 MEAL PLAN EXPENSE 1193262 1159381 33881 EQUIPMENT & MAINTENANCE 371682 328321 43361 STUDENT EXPENSES 236400 234848 1552 SPECIAL PROJECTS 144058 142068 1990 570333 328644 241689 30521806 27788981 2597508 135317 258517 539793 8788649 5868918 1259209 1377765 242407 19395 469595 554628 59198277 27608411 32459769 31589866 1037854 2990123 1332534 1332534 838697 472525 46687231 44745547 1940030 1459152 1212339 1583612 124684 95558 3268017 2818548 1139338 1090096 7684408 7046966 X 34953771 33486817 829090 772201 3219962 3439563 39002823 37698581 46687231 44745547 X -1352284 42188 5854 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2917461 219014 42193 29981 3148687 3017642 51828 -113359 38650 2917461 2849908 142580 78988 53834 3017642 2546580 183853 146174 26699 2849908 2174307 181039 215452 24218 2546580 0.00000 0.98000 0.02000 0 0 6165399 6165399 23657059 8808530 14848529 19776065 9952861 9823204 8078669 7609498 469171 1521085 1237522 283563 31589866 DEPOSITS 118316 ASSET RETIREMENT OBLIGATION 157185 ANNUITIES PAYABLE 95764 POST RETIREMENT BENEFIT OBLIGATION 718831 1090096 X 18668262 42188 507600 549788 18118474 11051048 11051048 29169522 20196680 507600 507600 19689080 10832726 10832726 30521806 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 $95,558 AT MAY 31, 2017. 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 TAXECS 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 48,744. COGS 458,856. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 7,697,531. SCHOLARSHIPS REPORTED NET IN FINANCIAL STATEMENTS 3,135,195. PRIVATE GIFTS AND CONTRIBUTIONS, NON-OPERATING 218,322. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 48,744. COGS 458,856. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 7,697,531. SCHOLARSHIPS REPORTED NET IN FINANCIAL STATEMENTS 3,135,195. 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 353851 322651 31200 39445 15731 3965 GOLF TOURNAMENT 18450 18450 2496 14770 3537 372301 341101 31200 2496 54215 15731 7502 79944 -48744 1 FEDERAL PELL GRANT 418 1704409 N/A N/A SUPPLEMENTAL ED. OPPORTUNITY GRANT 134 61067 N/A N/A MINNESOTA STATE GRANT 283 1389504 N/A N/A FINANCIAL ASSISTANCE - NORTH CENTRAL UNIVERSITY INSTITUTIONAL AID 423 7697531 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 ANDERSON GORDON PRESIDENT 169186 0 0 0 0 0 10629 0 30301 0 210116 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE WAS PROVIDED TO THE FOLLOWING INDIVIDUALS: GORDON ANDERSON, LAWRENCE BACH, ANDREW DENTON, JEFFREY DEYO, LON FLIPPO, DOUGLAS GRAHAM, MICHAEL NOSSER. THE AMOUNTS OF THE HOUSING ALLOWANCE ARE INCLUDED IN THEIR TAXABLE INCOME. 73840 FINANCIAL AID FOR DEPENDENTS OF BOARD REGENTS FINANCIAL AID 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 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 IN YEARS WHEN A COMPENSATION INCREASE HAS BEEN BUDGETED BY THE UNIVERSITY, SALARY SURVEY INFORMATION IS ACCUMULATED FROM VARIOUS SOURCES, INCLUDING A COLLECTION OF SEARCH RESULTS FROM FORM 990S REPRESENTING INSTITUTIONS COMPARABLE TO NORTH CENTRAL UNIVERSITY. THIS INFORMATION IS PREPARED AND SUBMITTED TO THE BOARD OF REGENTS FOR REVIEW AND RECOMMENDATION. THE DELIBERATION AND DECISION ARE DOCUMENTED IN THE MEETING MINUTES. 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. THE PROCESS WAS LAST COMPLETED IN OCTOBER, 2013 FOR THE PRESIDENT AND THE VICE PRESIDENTS EMPLOYED AT THAT TIME. 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 5,854.