2014-11-03T11:12:59-06:00 2014-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-06-01 410706151 NORTH CENTRAL UNIVERSITY NORT 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 DR GORDON ANDERSON PRESIDENT 6123434400 2014-10-29 1 KAREN GRIES P00078514 6123764500 2013 2015-11-30 17:44:51Z DR GORDON ANDERSON 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 47302812 0 1678 X WWW.NORTHCENTRAL.EDU X 1930 MN TO PREPARE STUDENTS TO FULFILL BIBLICAL MODELS OF LEADERSHIP AND MINISTRY THROUGHOUT THE WORLD. 47 42 725 50 0 0 2475499 2485509 28574567 28922033 243613 376325 175041 42434 31468720 31826301 8090172 8898852 0 0 11442706 11690549 0 0 615960 9386550 9434883 28919428 30024284 2549292 1802017 44859890 46083424 8591758 7921484 36268132 38161940 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 27090464 8898852 28922033 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 OWNED AND OPERATED BY 11 ASSEMBLIES OF GOD DISTRICTS OF THE UPPER MIDWEST. FOUNDED IN 1930, THE UNIVERSITY PRESENTLY SERVES A POPULATION OF 1,100-1,250 STUDENTS. 27090464 1 1 0 0 0 0 0 0 0 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 61 0 725 1 0 0 0 0 0 1 1 0 0 0 0 X 47 42 0 0 1 0 0 1 0 1 1 0 0 0 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 14175 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 0 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 JERRY BOARD MEMBER 2.00 0.00 X 23476 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 22835 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 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 8605 0 0 KETTERLING ROB BOARD MEMBER 2.00 0.00 X 11175 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 JON BOARD MEMBER 2.00 0.00 X 0 0 0 LOOMIS MATTHEW BOARD MEMBER 2.00 0.00 X 4685 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 8675 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 STOCKER JOEL BOARD MEMBER 2.00 0.00 X 0 0 0 STRAND KIRK BOARD MEMBER 2.00 0.00 X 15689 0 0 TRIPP STEVE BOARD MEMBER 2.00 0.00 X 5500 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 X 177864 0 32535 BOOK CHERYL VP BUSINESS & FINANCE 40.00 0.00 X 105783 0 18906 BURKMAN THOMAS VP ACADEMIC AFFAIRS 40.00 0.00 X 102435 0 26731 FREITAG PAUL VP ADVANCEMENT 40.00 0.00 X 78890 0 17437 NOSSER MICHAEL VP STUDENT DEVELOPMENT 40.00 0.00 X 79551 0 17601 WHITE MICHAEL VP UNIVERSITY RELATIONS 40.00 0.00 X 56616 0 19915 PAINO TRACY DEAN OF COLLEGE OF MINISTRY 40.00 0.00 X 103827 0 24937 819781 0 158062 4 0 1 0 WELSH CONSTRUCTION 4350 BAKER ROAD SUITE 400 MINNETONKA MN 55343 CONSTRUCTION SERVICES 1143225 PIONEER COLLEGE CATERING 303 GLENROSE NASHVILLE TN 37210 CAMPUS FOOD SERVICE 1046215 15 296434 1213135 975940 150324 2485509 TUITION FEES 611600 21457300 21457300 RESIDENT HALL 611710 2895414 2895414 STUDENT FINANCIAL AID 611710 2221793 2221793 CAFETERIA 611710 1528737 1528737 BOOKSTORE 451211 484350 484350 334439 334439 28922033 261652 261652 15504986 19000 15388720 20593 116266 -1593 114673 114673 13657 296434 67198 -53541 -53541 MISCELLANEOUS INCOME 900099 95975 95975 95975 31826301 28922033 0 418759 8898852 8898852 888496 144735 687075 56686 7672712 7015999 398850 257863 348904 319041 18137 11726 2073380 1678606 317215 77559 707057 646539 36755 23763 58233 58233 15046 15046 145454 95806 43915 5733 254959 229413 7065 18481 584152 477311 88176 18665 284454 221976 62478 2898228 2689508 162131 46589 284010 242160 30755 11095 119125 64755 5859 48511 92440 84889 7551 1511948 1424937 63514 23497 178515 178515 MEAL PLAN EXPENSE 1252400 1218467 33933 EQUIPMENT 985202 909028 76174 STUDENT EXPENSES 287819 287819 BANK CHARGES 117999 783 117216 364899 261325 87782 15792 30024284 27090464 2317860 615960 372215 439995 7585087 6397145 1227324 1261613 241955 236646 281265 370118 55551053 22918784 30962542 32632269 2673209 3248876 1264602 1281146 251691 215616 44859890 46083424 1931350 2168849 1166382 1227880 5025737 4167753 468289 357002 8591758 7921484 X 31304583 32508621 2117920 2623009 2845629 3030310 36268132 38161940 44859890 46083424 X 1802017 79264 12527 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2546580 183853 146174 26699 2849908 2174307 181039 215452 24218 2546580 2018454 190251 -3368 31030 2174307 1758687 100733 199532 40498 2018454 1687907 47707 66177 26270 16834 1758687 0.00000 0.93500 0.06500 0 0 6155399 6155399 23507661 7489489 16018172 15653916 7597260 8056656 7770857 6725604 1045253 2463220 1106431 1356789 32632269 DEPOSITS 162989 ASSET RETIREMENT OBLIGATION 118209 CAPITAL LEASE OBLIGATION 12929 ANNUITIES PAYABLE 62875 357002 X 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. THE FILINGS FOR THE YEARS 2010 TO 2013 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 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. PARTNERS FOR PROGRESS 270714 270714 40054 7938 GOLF TOURNAMENT 39377 25720 13657 358 850 17069 929 310091 296434 13657 358 850 57123 8867 67198 -53541 1 FEDERAL PELL GRANT 511 2028972 N/A N/A SUPPLEMENTAL ED. OPPORTUNITY GRANT 133 59772 N/A N/A MINNESOTA STATE GRANT 309 1181888 N/A N/A FINANCIAL ASSISTANCE - NORTH CENTRAL UNIVERSITY INSTITUTIONAL AID 747 5628220 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 169271 0 1500 0 7093 0 10500 0 22035 0 210399 0 0 0 PART I, LINE 1A ANDERSON, GORDON - HOUSING ALLOWANCE - THE AMOUNT IS INCLUDED IN HIS TAXABLE INCOME. 100250 FINANCIAL AID FOR DEPENDENTS OF BOARD REGENTS FINANCIAL AID X 2 98524 STOCK MARKET QUOTES X PIANO - GRAND 1 50000 APPRAISAL X PIANO - UPRIG 1 1800 APPRAISAL 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS 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 4 THE LISTING OF DESIGNATED OFFICERS IN THE BYLAWS WAS UPDATED TO INCLUDE TWO VICE PRESIDENTS THAT SHALL BE APPOINTED BY THE PRESIDENT WITH THE APPROVAL OF THE BOARD OF REGENTS. 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 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. 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 12,527. 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 0 0 1 1 1 1 1 1 1 1 SELBY GOSPEL BROADCASTING INC O 67763 FMV