2014-05-12T10:04:24-07:00 2013-06-30 990 2012-07-01 361557840 NORTH PARK UNIVERSITY NORT 7732445597 3225 W Foster Ave Chicago IL 60625 Lester Carlstrom 7732445597 2014-05-12 2012 2015-11-30 17:44:51Z David L Parkyn 3225 W Foster Ave Chicago IL 60625 109058754 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. 34 32 1571 100 52484 0 15481316 23098163 61498626 62301750 1861196 3708072 -7453 12844 78833685 89120829 19122636 20162274 0 0 31617759 32143976 119084 92838 1976734 21402504 23217357 72261983 75616445 6571702 13504384 224525502 251256710 77310195 81345047 147215307 169911663 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 67597295 20162274 89120829 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 1,000 students. 0 0 0 67597295 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 4171 0 1 1571 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 X 34 32 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 Ann Alvarez 5 0 X 0 0 0 Lars Anderson 5 0 X 0 0 0 Virgil Applequist 5 0 X 0 0 0 Thomas Bagley 5 0 X 0 0 0 Bruce Bickner 5 0 X 0 0 0 Renee Borkowski 5 0 X 0 0 0 Jay Carstenbrock 5 0 X 0 0 0 Grant Clay 5 0 X 0 0 0 Gail Dahlstrom 5 0 X 0 0 0 Kathryn 5 0 X 0 0 0 Donna Erickson 5 0 X 0 0 0 Randy Furushima 5 0 X 0 0 0 Darrell Griffin 5 0 X 0 0 0 David Hanson 5 0 X 0 0 0 Donna Harris 5 0 X 0 0 0 Paul Hawkinson 5 0 X 0 0 0 David Helwig 5 0 X 0 0 0 Dawn Helwig 5 0 X 0 0 0 Calla Homgren 5 0 X 0 0 0 Carole Johnson 5 0 X 0 0 0 Stephen Johnson 5 0 X 0 0 0 Michael Jordan 5 0 X 0 0 0 John Martz 5 0 X 0 0 0 Nancy Nyberg 5 0 X 0 0 0 David Otfinoski 5 0 X 0 0 0 David Parkyn 40 0 X X X X 234789 0 54837 Amy Rohler 5 0 X 0 0 0 Efram Smith 5 0 X 0 0 0 John Snow 5 0 X 0 0 0 Karen Tamte 5 0 X 0 0 0 Albert Tizon 5 0 X 0 0 0 Gary Walter 5 40 X 0 157472 117568 Louise Wilson 5 0 X 0 0 0 Gregory Wittrock 5 0 X 0 0 0 Carl Balsam 40 0 X X 158681 0 56132 Lester Carlstrom 40 0 X X 110063 0 17106 Joseph Jones 40 0 X 155796 0 27574 Nathan Mouttet 40 0 X 126829 0 26463 Mary Surridge 40 0 X 136985 0 14266 Linda Duncan 40 0 X 119194 0 16376 Craig Johnson 40 0 X 101543 0 10678 1143880 157472 341000 11 0 1 0 WB Olson 3235 Arnold Lane Northbrook IL 60062 General Construction Contractor 6691753 ARAMARK Corp 19107 1101 Market St Philadelphia PA 19107 Food Service Provider 1797789 TMC Builders 4113 N Greenview Chicago IL 60613 General Contractor 1300446 VOA Associates 224 S Michigan Ave Chicago IL 60604 Architect 1206731 Jamerson Bauwens 3055 Mc Arthur Northbrook IL 60062 Electrical Contractor 840167 40 0 0 0 1000000 0 22098163 275464 23098163 Tuition, Fees and Auxiliary Revenue 611710 61637090 61637090 0 0 664660 505148 52484 107028 62301750 1862094 1862094 0 0 0 0 0 0 0 0 0 0 240431 0 227587 0 12844 0 12844 12844 0 0 21556316 0 19710338 0 1845978 0 1845978 1845978 0 0 0 0 89120829 65863154 52484 107028 X 0 0 20162274 20162274 0 0 0 0 503533 0 503533 0 0 0 0 0 25153823 22968040 1352526 833257 1573924 1347892 169596 56436 3282699 3032148 193520 57031 1629997 1467754 106619 55624 1576025 1576025 0 0 79446 0 79446 0 78951 0 78951 0 0 0 0 0 92838 92838 582545 582545 0 0 0 0 0 0 2225037 2000742 0 224295 710137 590258 44007 75872 1832558 0 1832558 0 0 0 0 0 3054035 3054035 0 0 560448 429431 60572 70445 0 0 0 0 0 0 0 0 645491 0 645491 0 501933 0 250123 251810 4699229 4699229 0 0 1178799 519731 659068 0 Equipment, repair and maint 1271408 1271408 0 0 Library Resources 311380 311380 0 0 Post Retirement Benefit Obligation 763000 763000 0 0 3146935 2821403 66406 259126 75616445 67597295 6042416 1976734 12608661 6953524 0 0 9033445 7692403 4134051 2891002 0 0 0 0 0 0 0 0 1713430 2085232 134325148 45606959 77713389 88718189 52633750 60750289 65467020 80925261 0 0 0 0 1221756 1240810 224525502 251256710 7465929 8852151 0 0 1117150 1377133 55300000 55200000 0 0 0 0 0 0 5962211 7691440 7464905 8224323 77310195 81345047 X 78792419 98892934 13729778 14704159 54693110 56314570 147215307 169911663 224525502 251256710 13504384 9191972 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 60032252 3005510 -11017068 1765221 724968 341781 49188724 0.25 0.75 0 0 0 10094471 0 10094471 102428968 0 35623631 66805337 0 0 0 0 11315488 0 5828524 5486964 10486221 0 4154804 6331417 88718189 National Covenant Property Bonds 15055228 F UBS Alternative Fund 5681796 F UBS Real Estate Fund 4954986 F UBS Multi Class Fund 55110636 F Other Mortgage Notes 122615 F 80925261 0 Post Retirement Benefit Obligation 5826000 Perkins and Student Nursing Loans 1650555 Advance Payments and Deposits 747768 8224323 X 77795569 9191972 0 0 0 9191972 68603597 582545 19934687 20517232 89120829 55099213 0 0 0 0 0 55099213 582545 19934687 20517232 75616445 SchD_P05_S00_L04 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 operating support of the university. SchD_P10_S00_L02 Schedule D, Part X, Line 2 As of June 30, 2013 the organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Institutional financial aid is netted from revenue per GAAP ($13,582,127). Non-institutional pass-thru aid is not reported in GAAP statements ($6,580,147). All other reclassifications ($-227,587). SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Institutional financial aid is netted from revenue per GAAP ($13,582,127). Non-institutional pass-thru aid is not reported in GAAP statements ($6,580,147). All other reclassifications ($-227,587). 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The university has a nondiscriminatory policy towards students. That statement is found in brochures, catalogues and other public communications. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The university receives federal financial aid which is awarded to students. Such aid includes federal loans (Stafford/PLUS, etc.), Pell Grants, SEOG grants, Federal Work Study Funds, Perkins and Student Nursing Loan Funds. The organization receives an allowable administrative cost allowance for administration of Title IV student assistance programs. X X X X X X X 1 Ter Molen Watkins and Brandt LLC 500 S Dearborn Chicago IL 60610 This firm provides consulting advice to the university. 0 0 92838 -92838 0 92838 -92838 All States 1 University funded financial aid for undergraduate students 1865 10666550 0 applied to student account University funded financial aid to graduate and adult students 733 2018701 0 applied to students account Financial aid to seminary students 198 896786 0 applied to students accounts Federal aid passed through to students 925 4179926 0 applied to students accounts State grants passed thru to students accounts 645 2400221 0 applied to students accounts SchI_P01_S00_L02 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 234789 0 0 0 0 0 17000 0 37837 0 289626 0 0 Carl Balsam 158681 0 0 0 0 0 0 0 56132 0 214813 0 0 0 Joseph Jones 155796 0 0 0 0 0 0 0 27574 0 183370 0 0 0 Nathan Mouttet 126829 0 0 0 0 0 0 0 26463 0 153292 0 0 Mary Surridge 136985 0 0 0 0 0 0 0 14266 0 151251 0 0 0 Gary Walter 0 157472 0 0 0 0 0 28402 0 89166 0 275040 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a University President lives in university owned property. President provided health club membership. Spousal travel occurs periodically. SchJ_P01_S00_L03 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 7650000 0 0 0 302454 0 0 7347546 0 0 2014 0 0 0 1 A 0 0 0 0 0.003 0 0.003 1 0 1 B 0 0 0 0 0 0 0 1 0 1 A 0 0 0 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 76964 Compenstion as faculty member 0 X 32 275464 FMV 0 0 1 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b IRS Form 990 is reviewed by the audit committee of the university. After the review is completed, the form is made available to all trustees prior to its being filed with the IRS. F990_P06_S0B_L12c 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 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 recommendations to the full board. F990_P06_S0B_L15 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 compensation committee consists of three members of 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 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/or other senior employees is based on a number of factors including seniority, comparable data for similar positions at other universities, etc. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Audited financial statements, Federal A-133 audits, IRS Forms 990 and 990T, and conflict of interest policy statements are available upon request by calling the university business office at 773-244-5597. F990_P09_S00_L24e Form 990, Part IX, Line 24e All Other 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Evangelical Covenant Church p 250122 Evangelical Covenant Church c 1000000 Covenant Trust Company p 251810 Covenant Trust Company b 33333 additional paid-in-capital