2015-05-11T14:03:07-07:00 2014-06-30 990 2013-07-01 361557840 NORTH PARK UNIVERSITY NORT 7732445597 3225 W Foster Ave Chicago IL 60625 Lester Carlstrom Director of Finance 7732445597 2015-05-11 2013 2016-03-07 17:11:31Z David L Parkyn 3225 W Foster Ave Chicago IL 60625 225456125 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 Schools of Business and Non-Profit Management, Nursing, Education and Music. The University also has a School of Adult Learning offering an undergraduate degree completion program. 31 29 1569 100 160520 0 23098163 20506202 62301750 63932025 3708072 9938782 12844 5034 89120829 94382043 20162274 22755523 0 0 32143976 32383146 92838 32145 1867785 23217357 23095761 75616445 78266575 13504384 16115468 251256710 300297753 81345047 105111579 169911663 195186174 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 69417951 22755523 94382043 North Park University provided undergraduate and graduate degree programs to approximately 3,140 students during the year. Of this total, approximately 1,925 students were undergraduates and 1,215 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 900 students. 0 0 0 69417951 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 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 4231 0 1 1569 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 X 31 29 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 Virgil Applequist Treasurer 5 0 X 0 0 0 Thomas Bagley Trustee 5 0 X 0 0 0 Bruce Bickner Trustee 5 0 X 0 0 0 Renee Borkowski 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 Trustee 5 0 X 0 0 0 Kathryn Edin 5 0 X 0 0 0 Randy Furushima Trustee 5 0 X 0 0 0 Darrell Griffin Trustee 5 0 X 0 0 0 Donna Harris Trustee 5 0 X 0 0 0 Paul Hawkinson Trustee-Vice Chairperson 5 0 X 0 0 0 David Helwig Trustee-Chairperson 5 0 X 0 0 0 Dawn Helwig Trustee 5 0 X 0 0 0 Calla Homgren Trustee 5 0 X 0 0 0 Carole Johnson 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 Nancy Nyberg Trustee 5 0 X 0 0 0 David Otfinoski Trustee 5 0 X 0 0 0 David Parkyn University President 40 0 X X X X 231511 0 60432 LoAnn Peterson Trustee 5 0 X 0 0 0 Amy Rohler Trustee 5 0 X 0 0 0 Kristine Strand Trustee 5 0 X 0 0 0 Albert Tizon Trustee 5 0 X 0 0 0 Gary Walter Trustee- Ex-Offficio 0 40 X 0 148198 108038 William Werner Trustee 5 0 X 0 0 0 Gregory Wittrock Trustee 5 0 X 0 0 0 Carl Balsam Exec VP and CFO 40 0 X X 160351 0 56944 Lester Carlstrom Director of Finance 40 0 X 111403 0 18086 Joseph Jones Provost 50 0 X 157351 0 28079 Mary Surridge Vice President 40 0 X 138361 0 14904 David Kersten Dean of Seminary 40 0 X 124931 0 24392 Nathan Mouttet Vice President 40 0 X 124121 0 14258 Linda Duncan Director, School of Nursing 40 0 X 116156 0 16716 1164185 148198 341849 16 0 1 0 WB Olson 3235 Arnold Lane Northbrook IL 60062 General Construction Contractor 26246326 ARAMARK Corp 19107 1101 Market St Philadelphia PA 19107 Food Service Provider 2041194 Sound and Vision 530 Executive Dr Willowbrook IL 60527 IT and IV Contractor 1166502 Jamerson Bauwens 3055 Mc Arthur Northbrook IL 60062 Electrical Contractor 957286 Sentinel Technologies PO Box 85080 Chicago IL 60680 IT and Systems Contractor 810024 37 0 0 0 1000000 0 19506202 839035 20506202 Tuition, Fees and Auxilary Income 611710 63486365 63486365 0 0 445660 192867 160520 92273 63932025 4846831 4846831 0 0 0 0 0 0 0 0 0 0 245594 0 240560 0 5034 0 5034 5034 0 0 135925473 0 130833522 0 5091951 0 5091951 5091951 0 0 0 0 94382043 73623048 160520 92273 0 0 22755523 22755523 0 0 0 0 503265 0 503265 0 0 0 0 0 25290310 23045488 1413854 830968 1604555 1375564 173540 55451 3397463 3131458 204998 61007 1587553 1424353 108115 55085 1560360 1560360 0 0 110248 0 110248 0 82313 0 82313 0 0 0 0 0 32145 32145 453862 0 453862 0 0 0 0 0 1987956 1828244 0 159712 650322 550172 48167 51983 1790088 0 1790088 0 0 0 0 0 3373473 3373473 0 0 545952 434487 46727 64738 0 0 0 0 0 0 0 0 729790 0 729790 0 544532 0 254919 289613 4932135 4932135 0 0 1227514 517685 709829 0 Equip Repair/maint 1432474 1432474 0 0 Library Resources 440688 440688 0 0 Post Retirment Benefit Obligation 291000 0 291000 0 2943054 2615847 60124 267083 78266575 69417951 6980839 1867785 6953524 20907548 0 0 7692403 7613439 2891002 3323762 0 0 0 0 0 0 0 0 2085232 2477175 168187012 49071828 88718189 119115184 60750289 116577089 80925261 29076721 0 0 0 0 1240810 1206835 251256710 300297753 8852151 9213383 0 0 1377133 1520973 55200000 85100000 0 0 0 0 0 0 7691440 784889 8224323 8492334 81345047 105111579 X 98892934 118861961 14704159 18540020 56314570 57784193 169911663 195186174 251256710 300297753 16115468 9159043 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70471011 1605405 8097152 1980316 719684 201542 77272026 64828282 2730347 6969282 1947759 1752241 356900 70471011 68243332 2147282 -1377569 2022391 1827609 334763 64828282 55585159 3963118 11829185 1983150 716850 434130 68243332 49188724 3021107 6179391 1773936 608700 421427 55585159 0.12 0.7 0.18 0 0 0 10216296 10216296 0 134279932 38951198 95328734 0 0 0 0 0 11503863 5965826 5538037 0 12186921 4154804 8032117 119115184 0 0 National Covenant Properties Bonds 4317629 F FEG-Alternative Funds 24639760 F Faculty Mortgages (secured) 119332 C 29076721 0 Post Retirement Benefit Obligation 6117000 Perkins and Student Nursing Loans 1638306 Advance Payments and Deposits 737028 8492334 X 80572261 9159043 0 0 0 9159043 71413218 453862 22514963 22968825 94382043 55297750 0 0 0 0 0 55297750 453862 22514963 22968825 78266575 Schedule D, Part V, Line 4 The endowment fund consists of approximately 600 individual funds established by donors for a variety of purposes. There are endowments for student scholarship support, faculty chairs, lectureships and other operating support of the university. Schedule D, Part X, Line 2 As of June 30, 2014 the organization had no uncertain tax positions that qualifed for recognition or disclosure in the financial statements. Schedule D, Part XI, Line 4b Institutional financial aid is netted from revenue per GAAP ($15,148,512). Non-institutional pass-thru aid from federal and state sources is not reported in GAAP statements ($7,607,011). All other reclassifications are (negative $240,560). Schedule D, Part XII, Line 4b Institutional financial aid is netted from revenue per GAAP ($15,148,512). Non-institutional pass-thru aid from federal and state sources is not reported in GAAP statements ($7,607,011). All other reclassifications are (negative $240,560). 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, catalogs and 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 receives an allowable administrative cost allowance for administration of Title IV student assistance programs. X X X X X X 1 Ter Molen Watkins adn Brandt LLC Two North Riverside Plaza Chicago IL 60606 Firm provides consulting advice on fundraising to the university. 0 0 32155 -32155 0 32155 -32155 All States 1 University funded financial aid for undergraduate students 1796 12105095 0 applied to the students account University funded financial aid for graduate and adult studnets 786 2297797 0 applied to stduents accounts University funded financial aid for seminary students 202 745620 0 applied to students accounts Federal aid passed through to students 948 4706322 0 applied to students accounts State grants passed through to students accounts 758 2900689 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 X 0 0 0 0 0 0 0 0 0 David Parkyn University President 231511 0 0 0 0 0 17000 0 43432 0 291943 0 289626 0 Carl Balsam Exec VP and CFO 160351 0 0 0 0 0 0 0 56944 0 217295 0 214813 0 Joseph Jones Provost 157351 0 0 0 0 0 0 0 28079 0 185430 0 183370 0 Mary Surridge Vice President 138361 0 0 0 0 0 0 0 14904 0 153265 0 151251 0 Gary Walter Trustee- Ex-Offficio 0 148198 0 0 0 0 0 22230 0 85808 0 256236 0 275040 Schedule J, Part I, Line 1a The University President lives in university owned property. The President is provided with a health club membership and spousal travel occurs periodically. 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 university trustees as well as by the sponsoring church denomination via its executive committee. The university chairperson, on behalf of the full 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 0 0 30000000 0 0 0 302454 0 0 29697546 0 0 2014 0 0 0 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 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 0 B 0 Linda Parkyn Spouse of University President 77595 Compensation as univeristy faculty member 0 X 19 839035 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 form 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 transaction are reviewed annually 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 vole 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 via the executive committee of the denomination. The university chairperson, on behalf of the full board, 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 forms 990 and 990T, and conflict of interest policy statements are available upon request by calling the university at 7732445597. 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 p 289613 Covenant Trust Company b 33333 additional paid-in-capital