2015-11-13T09:09:38-06:00 2015-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-06-01 410706151 NORTH CENTRAL UNIVERSITY NORT 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 DR GORDON ANDERSON PRESIDENT 6123434400 2015-11-11 1 KAREN GRIES P00078514 6123764500 2014 2016-04-25 22:37:26Z DR GORDON ANDERSON 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 49627508 0 1678 X WWW.NORTHCENTRAL.EDU X 1930 MN TO PREPARE STUDENTS TO FULFILL BIBLICAL MODELS OF LEADERSHIP AND MINISTRY THROUGHOUT THE WORLD. 50 47 700 50 0 0 2485509 2487228 28922033 27946168 376325 336008 42434 149113 31826301 30918517 8898852 10038803 0 0 11690549 13458146 0 0 517609 9434883 7762113 30024284 31259062 1802017 -340545 46083424 49376916 7921484 11638182 38161940 37738734 X NORTH CENTRAL UNIVERSITY IS A CHRIST-CENTERED PENTECOSTAL SCHOOL WITH A COMMITMENT TO ACADEMIC EXCELLENCE THAT PREPARES STUDENTS TO FULFILL BIBLICAL MODELS OF LEADERSHIP AND MINISTRY THROUGHOUT THE WORLD. 0 0 28394066 10038803 28407955 NORTH CENTRAL UNIVERSITY IS A CHRIST-CENTERED SCHOOL IN THE BIBLE COLLEGE TRADITION, WITH AN URBAN AND INTERNATIONAL FOCUS, WHOSE PURPOSE IS TO PREPARE PENTECOSTAL LEADERS TO SERVE GOD IN THE CHURCH AND IN THE WORLD. THE UNIVERSITY SEEKS TO DEVELOP A ROBUST CHRISTIANITY BASED ON A CHRISTIAN WORLD VIEW DEVELOPED THROUGH A MEANINGFUL, INTEGRATED GENERAL EDUCATION CORE PROGRAM. IT OFFERS 32 MAJORS, 26 SUPPORTING PROGRAMS AND 32 MINORS WHICH ARE DESIGNED TO BE MINISTRY-FOCUSED, TRAINING STUDENTS TO SERVE GOD IN A VARIETY OF WAYS ACCORDING TO THEIR CALLING AND GIFTS. PROGRAM FOCUS AT NORTH CENTRAL IS PARTICULARLY UPON URBAN AND INTERNATIONAL SETTINGS, UTILIZING THE URBAN CONTEXT OF THE CAMPUS AS A LABORATORY FOR EFFECTIVE MINISTRY AND PROVIDING A FULL ARRAY OF CREATIVE INTERNATIONAL LEARNING OPPORTUNITIES. NORTH CENTRAL IS A COEDUCATIONAL, UNDERGRADUATE, PRIMARILY RESIDENTIAL COLLEGE AFFILIATED WITH 11 ASSEMBLIES OF GOD DISTRICTS OF THE UPPER MIDWEST. FOUNDED IN 1930, THE UNIVERSITY PRESENTLY SERVES A POPULATION OF 1,100-1,250 STUDENTS. 28394066 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 102 0 700 1 0 0 0 0 0 1 1 0 0 0 0 X 50 47 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X CHERYL BOOK VP OF BUSINESS & FINANCE 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 BONTRAGER RON BOARD CHAIR 2.00 0.00 X X 0 0 0 ST JOHN CLARENCE BOARD VICE CHAIR 2.00 0.00 X X 0 0 0 BREWER M RAY SECRETARY/TREASURER 2.00 0.00 X X 0 0 0 DEAN MARK EXECUTIVE COMMITTEE 2.00 0.00 X 7320 0 0 GROGAN GARY EXECUTIVE COMMITTEE 2.00 0.00 X 0 0 0 LIEBE LARRY EXECUTIVE COMMITTEE 2.00 0.00 X 0 0 0 SVOBODA BILL EXECUTIVE COMMITTEE 2.00 0.00 X 0 0 0 BAUCHSPIESS DAVID BOARD MEMBER 2.00 0.00 X 0 0 0 BRENIZER JL BOARD MEMBER 2.00 0.00 X 0 0 0 DAVIS JOHN BOARD MEMBER 2.00 0.00 X 5410 0 0 DUNSTON PEGGY BOARD MEMBER 2.00 0.00 X 0 0 0 FILBECK JIM BOARD MEMBER 2.00 0.00 X 0 0 0 FLORES DANNY BOARD MEMBER 2.00 0.00 X 0 0 0 FLORES JERRY BOARD MEMBER 2.00 0.00 X 29049 0 0 FREITAG LEON BOARD MEMBER 2.00 0.00 X 0 0 0 FURR STEVE BOARD MEMBER 2.00 0.00 X 0 0 0 GIFFORD DON BOARD MEMBER 2.00 0.00 X 0 0 0 GRAHAM DOUG BOARD MEMBER 2.00 0.00 X 6570 0 0 GUIRE PATRICK BOARD MEMBER 2.00 0.00 X 0 0 0 HARDIMAN BILL BOARD MEMBER 2.00 0.00 X 0 0 0 HINZMAN PAUL BOARD MEMBER 2.00 0.00 X 0 0 0 HOFFMAN ERIC BOARD MEMBER 2.00 0.00 X 0 0 0 HOYT GARY BOARD MEMBER 2.00 0.00 X 0 0 0 HUNT THIETJE BOARD MEMBER 2.00 0.00 X 0 0 0 JACOBS TOM BOARD MEMBER 2.00 0.00 X 0 0 0 KENNEDY JEFF BOARD MEMBER 2.00 0.00 X 0 0 0 KETTERLING ROB BOARD MEMBER 2.00 0.00 X 17490 0 0 KUNTZ TWYLA BOARD MEMBER 2.00 0.00 X 0 0 0 LEACH WILLIAM BOARD MEMBER 2.00 0.00 X 0 0 0 LIECHTY JEFF BOARD MEMBER 2.00 0.00 X 0 0 0 LIECHTY JON BOARD MEMBER 2.00 0.00 X 0 0 0 LOOMIS MATTHEW BOARD MEMBER 2.00 0.00 X 9760 0 0 MALDONADO CLEMENTE BOARD MEMBER 2.00 0.00 X 0 0 0 MCPHERSON RANDY BOARD MEMBER 2.00 0.00 X 0 0 0 NYSTROM LOWELL BOARD MEMBER 2.00 0.00 X 0 0 0 ONA BOB BOARD MEMBER 2.00 0.00 X 0 0 0 PAFFORD DAVID BOARD MEMBER 2.00 0.00 X 0 0 0 RILEY BRAD BOARD MEMBER 2.00 0.00 X 0 0 0 ROGADO JUN BOARD MEMBER 2.00 0.00 X 0 0 0 SCHAIBLE STEPHEN BOARD MEMBER 2.00 0.00 X 0 0 0 SCHNECKLOTH TOBY BOARD MEMBER 2.00 0.00 X 0 0 0 SCHNEIDER PHIL BOARD MEMBER 2.00 0.00 X 0 0 0 SEARCY ZACH BOARD MEMBER 2.00 0.00 X 0 0 0 STOCKER JOEL BOARD MEMBER 2.00 0.00 X 0 0 0 STRAND KIRK BOARD MEMBER 2.00 0.00 X 7241 0 0 TRIPP STEVE BOARD MEMBER 2.00 0.00 X 11390 0 0 WASHINGTON FRED BOARD MEMBER 2.00 0.00 X 0 0 0 WELLS KENT BOARD MEMBER 2.00 0.00 X 0 0 0 WENIG BILL BOARD MEMBER 2.00 0.00 X 0 0 0 WINE BOB BOARD MEMBER 2.00 0.00 X 0 0 0 ANDERSON GORDON PRESIDENT 40.00 0.00 X 186545 0 33814 BOOK CHERYL VP BUSINESS & FINANCE 40.00 0.00 X 109209 0 19368 BURKMAN THOMAS VP ACADEMIC AFFAIRS 40.00 0.00 X 105871 0 27784 FREITAG PAUL VP ADVANCEMENT 40.00 0.00 X 81599 0 18440 NOSSER MICHAEL VP STUDENT DEVELOPMENT 40.00 0.00 X 82998 0 18561 WHITE MICHAEL VP UNIVERSITY RELATIONS 40.00 0.00 X 71349 0 22196 GRAHAM DOUG VP SPIRITUAL LIFE 40.00 0.00 X 65816 0 10033 PAINO TRACY DEAN OF COLLEGE OF MINISTRY 40.00 0.00 X 122802 0 27011 NELSON DANIEL DEAN COLLEGE OF ART/SCIENCE 40.00 0.00 X 110148 0 26136 BACH LAWERENCE DEAN COLLEGE OF FINE ARTS 40.00 0.00 X 103696 0 27353 1134263 0 230696 6 0 1 0 WELSH CONSTRUCTION 4350 BAKER ROAD STE 400 MINNETONKA MN 55343 CONSTRUCTION SERVICES 2585853 PIONEER COLLEGE CATERING 303 GLENROSE NASHVILLE TN 37210 CAMPUS FOOD SERVICE 1165827 CDW GOVERNMENT INC 75 REMITTANCE DR STE 1515 CHICAGO IL 60675 COMPUTER EQUIPMENT 428504 RACHEL CONTRACTING INC 4125 NAPIER CT NE ST MICHAEL MN 55376 SOCCER FIELD CONSTRUCTION 262467 ALLSTAR CONSTRUCTION 5145 INDUSTRIAL ST MAPLE PLAIN MN 55359 LIBRARY ROOF REPAIR 217354 6 247387 1230567 1009274 48419 2487228 TUITION FEES 611600 21116208 21116208 RESIDENT HALL 611710 2843015 2843015 STUDENT FINANCIAL AID 611710 2212542 2212542 CAFETERIA 611710 1526000 1526000 OTHER AUXILIARY REVENUE 611710 248403 248403 27946168 298587 298587 18259742 52553 18176937 97937 82805 -45384 37421 37421 12280 247387 68461 -56181 -56181 461787 365656 96131 96131 MISCELLANEOUS INCOME 900099 109163 109163 109163 30918517 28042299 0 388990 10038803 10038803 1165321 279943 741586 143792 9028098 8389034 462488 176576 300957 284525 12596 3836 2238036 2016982 161581 59473 725734 617199 85726 22809 73913 73913 54515 8250 46265 14107 14107 287991 231082 51923 4986 391394 378635 12759 689916 632824 40610 16482 406531 315417 91114 1152743 955280 153771 43692 306731 259459 37570 9702 52274 46875 4103 1296 77168 77168 1577770 1487683 67216 22871 MEAL PLAN EXPENSE 1184825 1146805 37796 224 MISCELLANEOUS EXPENSES 705952 473828 234930 -2806 EQUIPMENT 451534 419525 30092 1917 STUDENT EXPENSES 334749 334749 31259062 28394066 2347387 517609 439995 370194 6397145 9065527 1261613 1216286 236646 188920 370118 371899 57622138 24361479 32632269 33260659 3248876 2863828 1281146 1338574 215616 701029 46083424 49376916 2068531 1224212 1227880 1233844 100318 5140541 4167753 3683267 357002 356318 7921484 11638182 X 32508621 33592338 2623009 974431 3030310 3171965 38161940 37738734 46083424 49376916 X -340545 -85658 2997 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2849908 142580 78988 53834 3017642 2546580 183853 146174 26699 2849908 2174307 181039 215452 24218 2546580 2018454 190251 -3368 31030 2174307 1758687 100733 199532 40498 2018454 0.00000 0.93200 0.06800 0 0 6155399 6155399 23597059 7877178 15719881 18684502 8356726 10327776 7742328 6981716 760612 1442850 1145859 296991 33260659 DEPOSITS 158527 ASSET RETIREMENT OBLIGATION 123317 CAPITAL LEASE OBLIGATION 5649 ANNUITIES PAYABLE 68825 356318 X 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 $131,599 AT MAY 31, 2015. MANAGEMENT OF NORTH CENTRAL UNIVERSITY AND SELBY GOSPEL BROADCASTING EXPECT THAT, IN THE FISCAL YEAR ENDING 5/31/2016, THAT SELBY GOSPEL BROADCASTING WILL BE MERGED INTO NORTH CENTRAL UNIVERSITY. IN ANTICIPATION OF THIS CHANGE, MANAGEMENT HAS AGREED TO TRANSFER THE PROCEEDS OF THE SALE OF THE FM LICENSE FROM SELBY TO NCU. MANAGEMENT OF THE TWO ORGANIZATIONS HAS AGREED THAT THESE FUNDS WILL BE AVAILABLE FOR NCU TO UTILIZE IN CURRENT PROGRAMS DESIGNED TO GROW THE ACADEMIC PROGRAMMING OF THE UNIVERSITY TO BETTER POSITION THE INSTITUTION FOR FUTURE GROWTH. 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 AND CONSOLIDATED ENTITY, SELBY GOSPEL BROADCASTING CORPORATION, ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. THEY ARE 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. 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 218417 218417 44504 201 1150 2516 GOLF TOURNAMENT 41250 28970 12280 358 1850 17048 716 118 259667 247387 12280 358 1850 61552 917 1150 2634 68461 -56181 1 FEDERAL PELL GRANT 514 2024753 N/A N/A SUPPLEMENTAL ED. OPPORTUNITY GRANT 144 63513 N/A N/A MINNESOTA STATE GRANT 293 1190404 N/A N/A FINANCIAL ASSISTANCE - NORTH CENTRAL UNIVERSITY INSTITUTIONAL AID 1126 6760133 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 178155 0 1772 0 6618 0 10629 0 23185 0 220359 0 0 0 PART I, LINE 1A ANDERSON, GORDON - HOUSING ALLOWANCE - THE AMOUNT IS INCLUDED IN HIS TAXABLE INCOME. 94320 FINANCIAL AID FOR DEPENDENTS OF BOARD REGENTS FINANCIAL AID X 289 RECEIPT X 1485 48130 STOCK MARKET QUOTES 0 0 1 0 PART I, COLUMN (B): NUMBER OF ITEMS CONTRIBUTED. 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 11 THE RETURN WAS REVIEWED BY MANAGEMENT AND THE EXECUTIVE COMMITTEE PRIOR TO FILING. A FULL DISCLOSURE 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. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS DISCOVERED, THE EXECUTIVE COMMITTEE WILL REVIEW THE SITUATION AND DETERMINE IF A CONFLICT EXISTS. 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 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 PROCESS WAS LAST COMPLETED IN OCTOBER, 2013 FOR THE PRESIDENT, DR. GORDON ANDERSON. 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, 2013 FOR THE VICE PRESIDENT OF BUSINESS & FINANCE, CHERYL BOOK; VICE PRESIDENT OF ACADEMIC AFFAIRS, THOMAS BURKMAN; VICE PRESIDENT OF ADVANCEMENT, PAUL FREITAG; VICE PRESIDENT OF STUDENT DEVELOPMENT, MICHAEL NOSSER; AND VICE PRESIDENT OF UNIVERSITY RELATIONS, MICHAEL WHITE. 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 2,997. SELBY GOSPEL BROADCASTING INC 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 410853162 RADIO BROADCAST MN 501(C)(3) LINE 1 NORTH CENTRAL UNIVERSITY 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 1 1 SELBY GOSPEL BROADCASTING S 5008942 FUNDS TRANSFERRED