2017-05-12T11:51:26-07:00 2016-06-30 990 2015-07-01 361557840 NORTH PARK UNIVERSITY NORT 7732445597 3225 W Foster Ave Chicago IL 60625 Lester Carlstrom Director of Finance 7732445597 2017-05-12 2015 2021-01-29 14:40:06Z David L Parkyn 3225 W Foster Chicago IL 60625 141717957 0 X www.northpark.edu X 1891 IL North Park University is an accredited institution of higher education. The University offers over 50 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 also has a School of Adult Learning offering an undergraduate degree completion program as well as a graduate degree in Counseling. 32 30 1637 100 59630 0 16627029 14780118 69005839 69650845 4068315 326592 63904 97117 89765087 84854672 24974015 25893728 0 0 33955223 35602655 39639 6484 1671828 25196516 26800960 84165393 88303827 5599694 -3449155 296723514 291934038 101693516 102509158 195029998 189424880 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 77708715 25893728 84854672 North Park University provided undergraduate and graduate degree programs to approximately 3,174 students during the year. Of this total, approximately 1,911 students were undergraduates and 1,263 were graduate and adult students. The university offered 30 undergraduate degree majors plus 20 concentrations and pre-professional programs. The university also offered graduate degree programs in business administration, nursing, education, music and theology. In addition, the university also provided residential living for approximately 894 students. 0 0 0 77708715 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 4207 0 1 1637 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 X 32 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Lester Carlstrom 7732445597 3225 W Foster Ave Chicago IL 60625 Lars Anderson Trustee 5 0 X 0 0 0 Thomas Bagley Trustee 5 0 X 0 0 0 Bruce Bickner Board Chairperson 5 0 X 0 0 0 Peggy Bley Trustee 5 0 X 0 0 0 Jay Carstenbrock Trustee 5 0 X 0 0 0 Grant Clay Trustee 5 0 X 0 0 0 Gail Dahlstrom Trustee 5 0 X 0 0 0 Lorrie Dupont Treasurer 5 5 X 0 0 0 Kanyere Eaton Trustee 5 0 X 0 0 0 Kathryn Edin Vice Chairperson 5 0 X 0 0 0 Rebekah Ecklund Trustee 5 0 X 0 0 0 Beth Fredrickson Trustee 5 0 X 0 0 0 Darrell Griffin 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 Calla Holmgren Trustee 5 0 X 0 0 0 Stephen Johnson Trustee 5 0 X 0 0 0 Mark Lindberg Trustee 5 0 X 0 0 0 John Martz Trustee 5 0 X 0 0 0 Karen Meyer Trustee 5 0 X 0 0 0 David Parkyn University President 40 0 X X X X 300823 0 62131 LoAnn Peterson Trustee 5 0 X 0 0 0 Christine Rosell Trustee 5 0 X 0 0 0 Efrin Smith Trustee 5 0 X 0 0 0 Kristine Strand Trustee 5 0 X 0 0 0 Gary Walter Trustee- Ex-Offficio 5 40 X 0 151695 109618 William Werner Trustee 5 0 X 0 0 0 Gregory Wittrock Trustee 5 0 X 0 0 0 Gregory Yee Trustee 5 0 X 0 0 0 Owen Youngman Trustee 5 0 X 0 0 0 Megan Tamte Trustee 5 0 X 0 0 0 Carl Balsam Exec VP and CFO 40 0 X X 190130 0 60450 Lester Carlstrom Director of Finance 40 0 X 126158 0 18753 Craig Johnson Dean, School of Music 40 0 X 127061 0 11045 David Kersten Dean of Seminary 40 0 X 125330 0 24602 Jodi Koslow Martin Vice President 40 0 X 131782 0 19303 Mary Surridge Vice President 40 0 X 164418 0 17086 Genaro Balcazar Vice President 40 0 X 115936 0 24602 1281638 151695 347590 15 0 1 0 ARAMARK Corp 19107 1101 Market St Philadelphia PA 19107 Food Service Provider 2149375 Imperial Service Systems P O Box 2938 Glen Ellyn IL 60138 Facility Maint/Cleaning Services 702386 Sentinel Technolgies 6092 Paysphere Cirlce Chicago IL 60673 Information Technology 696798 Homefield Energ 23532 Network Place Chicago IL 60673 Energy Procurement 648156 WB Olson Inc 3325 Arnold Lane Northbrook IL 60062 General building contractor 622542 38 0 0 0 1000000 0 13780118 336741 14780118 Tuition and Auxillary Income 611710 69395850 69395850 0 0 254995 131076 59630 64289 69650845 4552929 4552929 0 0 0 0 0 0 0 0 0 0 287523 0 190406 0 97117 0 97117 97117 0 0 52446542 0 56672879 0 -4226337 0 -4226337 -4226337 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 84854672 69950635 59630 64289 0 0 25893728 25893728 0 0 0 0 617111 0 617111 0 0 0 0 0 27945730 25464010 1500174 981546 1724992 1466415 186687 71890 3499365 3237742 193878 67745 1815457 1628853 120890 65714 1569555 1569555 0 0 129654 0 129654 0 85351 0 85351 0 0 0 0 0 6484 6484 311243 0 311243 0 0 0 0 0 2148904 2022915 0 125989 682226 598755 44622 38849 1837034 0 1837034 0 0 0 0 0 3670457 3670457 0 0 595071 504124 44622 46325 0 0 0 0 0 0 0 0 1097783 0 1097783 0 254919 0 254919 0 6238153 6238153 0 0 601636 0 601636 0 Post Retirement Benefit Obligation 1703000 0 1703000 0 Library Resources 481027 481027 0 0 Equipment; Repair and Maint 1502026 1502026 0 0 All Other Expense 3892921 3430955 194680 267286 88303827 77708715 8923284 1671828 12849217 13819553 0 0 6303414 4651103 3292904 4059814 0 0 0 0 0 0 0 0 2850871 2593256 175530274 57020656 120986875 118509618 117622914 112479408 31571608 34577540 0 0 0 0 1245711 1243746 296723514 291934038 5970118 6394409 0 0 1547017 1619287 85000000 83825000 0 0 0 0 0 0 713464 616552 8462917 10053910 101693516 102509158 X 121950428 120153591 14172160 9251709 58907410 60019580 195029998 189424880 296723514 291934038 -3449155 -2155963 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74216558 3739052 -2404940 2577255 900745 26258 72046412 77272026 1555967 -1309636 2369624 855376 76799 74216558 70471011 1605405 8097152 1980316 719684 201542 77272026 64828282 2730347 6969282 1947759 1752241 356900 70471011 68243332 -2404940 -1377569 2022391 1827609 334763 60276060 0.15 0.79 0.06 0 0 0 10216296 10216296 0 137945724 46116504 91829220 0 0 0 0 0 14954716 5693366 9261350 0 12413538 5210786 7202752 118509618 0 F 0 F National Covenant Property Bonds 3527289 F FEG Alternative Funds 30969981 F Faculty Mortgages (secured) 80270 C 34577540 0 Post Retirement Benefit Obligation 7871000 Perkins and Student Nursing Loans 1455737 Advances and Deposits Held 727173 10053910 X 56684144 -2155963 0 0 0 -2155963 58840107 311243 25703322 26014565 84854672 62289262 0 0 0 0 0 62289262 311243 25703322 26014565 88303827 Schedule D, Part V, Line 4 The endowment fund consists of approximately 640 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 2 As of June 30, 2016 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 ($18,541,958). Non-institutional pass-thru student financial aid from federal and state sources in not reported in GAAP ($7,351,770). All other reclassifications (negative $190,406). Schedule D, Part XII, Line 4b Institutional financial aid is netted from revenue per GAAP ($18,541,958). Non-institutional pass-thru student financial aid from federal and state sources in not reported in GAAP ($7,351,770). All other reclassifications (negative $190,406). 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The university has a nondiscriminatory policy towards students. That statement is found in brochures, catalogues and in other public communications. 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 of Federal Title IV student assistance programs. Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad Programs ($48,022) and Student Recruitment Activities ($116,819) 164841 East Asia and the Pacific 0 0 Program Services Student Recruitment Activity 12500 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Student Recruitment Activity 1971 South America 0 0 Program Services Study Abroad Programs 45156 0 0 224468 0 0 0 0 0 0 1 University funded financial aid awarded to traditional undergraduate students 1819 15265209 0 applied to students' accounts University funded financial aid awarded to graduate and adult students 837 2559047 0 applied to students' accounts University financial aid awarded to Seminary students 247 717702 0 applied to students' accounts Federal financial aid passed through to students 916 4626926 0 applied to students' accounts State grants passed through to students 705 2724844 0 applied to students' accounts 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 University President 300823 0 0 0 0 0 18000 0 44131 0 362954 0 0 0 Carl Balsam Exec VP and CFO 190130 0 0 0 0 0 0 0 60450 0 250580 0 0 0 Mary Surridge Vice President 164418 0 0 0 0 0 0 0 17086 0 181504 0 0 0 Jodi Koslow Martin Vice President 131782 0 0 0 0 0 0 0 19303 0 151085 0 0 0 Gary Walter Trustee- Ex-Offficio 0 151695 0 0 0 0 0 22756 0 86863 0 261314 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 three 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 100000 0 33000000 0 0 0 449298 0 0 32550702 0 0 2006 0 0 1 1 B 975000 0 30000000 0 0 0 602454 0 0 29697546 0 0 2014 0 0 1 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0.004 0 0.004 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 allowable period Schedule K, Part IV, Line 2c-10/17/2012 30,000,000 Illinois Finance Authority proceeds spend within allowable period Linda Parkyn Spouse of university president 80981 compensation as faculty member 0 X 15 336741 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 university. After that review, the 990 is made available to all trustees of the university prior to 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 transaction are reviewed by a committee of board members 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 recommendation 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 the university trustees as well as 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 8803 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