2012-05-11T16:04:42-07:00 2011-06-30 990 2010-07-01 361557840 NORTH PARK UNIVERSITY NORT 7732445597 3225 W Foster Ave Chicago IL 60625 Lester Carlstrom 7732445597 2012-05-11 2010 2016-02-24 21:20:13Z David L Parkyn 3225 W Foster Ave Chicago IL 60625 91098872 0 X www.northpark.edu X 1891 IL North Park University is an 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 1543 100 89384 0 19384383 15424566 54527236 58147183 3166463 3001119 -19366 -26956 77058716 76545912 14385872 17366768 0 0 29078734 30024964 138315 81920 2199620 22167988 22134432 65770909 69608084 11287807 6937828 195459528 220374272 75239147 76627472 120220381 143746800 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 62161380 17366768 58147183 North Park University provides undergraduate and graduate degree programs to approximately 3,250 students (1,850 undergraduate and 1,400 graduate/adult learners). The university offers 30 undergraduate degree majors plus 20 concentrations and pre-professional programs. The university also offers graduate degrees in business administration, nursing, education, music and theology. The university provides residential housing for over 1,000 students. 0 0 0 62161380 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 0 1 0 1 4288 0 1 1543 1 1 1 0 0 0 0 0 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 IL X Lester H Carlstrom 7732445597 3225 W Foster Ave Chicago IL 60625 ANN ALVAREZ 5 X 0 0 0 VIRGIL APPLEQUIST 5 X 0 0 0 PAULA BANKS 5 X 0 0 0 BRUCE BICKNER 5 X 0 0 0 SCOTT BOLINDER 5 X 0 0 0 RENEE BORKOWSI 5 X 0 0 0 MARK DENNIS 0 X 0 0 0 JOHN DOUGLASS 5 X 0 0 0 DONNA ERICKSON 5 X 0 0 0 RANDY FURUSHIMA 5 X 0 0 0 DAVID GREENEDGE 5 X 0 0 0 DAVE HANSON 5 X 0 0 0 DONNA HARRIS 5 X 0 0 0 PAUL HAWKINSON 5 X 0 0 0 JON HEINTZELMAN 5 X 0 0 0 DAVID HELWIG 5 X 0 0 0 PETER HONG 5 X 0 0 0 CAROLE JOHNSON 5 X 0 0 0 MARK LINDBERG 5 X 0 0 0 LORRAINE LEIFER 5 X 0 0 0 RICHARD LUCCO 5 X 0 0 0 TIMOTHY NELSON 5 X 0 0 0 NANCY NYBERG 5 X 0 0 0 DAVID OTFINOSKI 5 X 0 0 0 DAVID PARKYN 40 X X X X 212027 0 50219 LOANN PETERSON 5 X 0 0 0 BONNIE PIHL 5 X 0 0 0 AMY ROHLER 5 X 0 0 0 JOHN SNOW 5 X 0 0 0 KAREN TAMTE 5 X 0 0 0 THEODORE VANDERMEID 5 X 0 0 0 GARY WALTER 5 X 0 148660 113514 LOUISE WILSON 5 X 0 0 0 OWEN YOUNGMAN 5 X 0 0 0 CARL BALSAM 40 X X 148425 0 54588 LESTER CARLSTROM 40 X 103536 0 15626 JOE JONES 40 X 149938 0 24995 JOHN PHELAN 40 X 102855 0 21366 DANIEL TEPKE 40 X 128246 0 21173 MARY SURRIDGE 40 X 114447 0 12097 959474 148660 313578 9 0 1 0 ARAMARK Corp 1101 Market St Philadelphia PA 19107 Food Service Provider 1697051 WB Olson Inc 3235 Arnold Lane Northbrook IL 60062 General contractor 797167 Kelmscott 1665 Mallette Road Aurora IL 60507 Printing and Direct Mail Services 698411 Jamerson Bauwens 3055 McArthur Northbrook IL 60062 Electrical Contractor 469648 Companion Life Ins 28085 Ashley Circle Libertyville IL 60048 Student Health Insurance Provider 448250 31 0 0 0 1140000 0 14284566 492838 15424566 Tuition, fees and auxilary revenue 611710 57389803 57389803 0 0 757380 558342 89384 109654 58147183 1684794 1684794 0 0 0 0 0 0 0 0 0 0 236871 0 263827 0 -26956 0 -26956 -26956 0 0 15605458 0 14289133 0 1316325 0 1316325 1316325 0 0 0 0 76545912 60922308 89384 109654 0 0 17366768 17366768 0 0 0 0 463988 0 463988 0 0 0 0 0 23705538 21792548 1054674 858316 1492950 1299333 140813 52804 2900662 2705198 165270 30194 1461826 1318735 84155 58936 1353742 1353742 0 0 235147 0 235147 0 77680 0 77680 0 0 0 0 0 81920 81920 631661 631661 0 0 0 0 0 0 2394969 2256865 0 138104 828408 688691 22172 117545 1662437 375399 1287038 0 0 0 0 0 3522107 3522107 0 0 525762 400772 31929 93061 0 0 0 0 0 0 0 0 840732 0 840732 0 636360 0 228330 408030 4175382 4175382 0 0 1135294 520138 615156 0 Post Retirement Benefits -259000 -259000 0 0 Library Resources 327995 327995 0 0 Equipment, Maint, Repair 1390795 1390795 0 0 Capital Campaign Costs 289495 0 0 289495 2365466 2294251 0 71215 69608084 62161380 5247084 2199620 10203970 12696087 0 0 11961457 11352076 3283833 3105650 0 0 0 0 0 0 0 0 1561260 1626713 111254680 40012639 71306098 71242041 43406453 52473716 52544174 66666160 0 0 0 0 1192283 1211829 195459528 220374272 6449016 6543509 0 0 1408713 1152462 55500000 55400000 0 0 0 0 0 0 3962292 5959072 7919126 7572429 75239147 76627472 X 54909055 71484630 12226594 18138361 53084732 54123809 120220381 143746800 195459528 220374272 X 6937828 16588591 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55585159 3963118 11829185 1983150 716850 434130 68243332 49188724 3021107 6179391 1773936 608700 421427 55585159 60032252 3005510 -11017068 1765221 724968 341781 49188724 0.27 0.73 0 0 0 9462391 0 9462391 79975791 0 30636259 49339532 0 0 0 0 11435051 0 5742038 5693013 10381447 0 3634342 6747105 71242041 0 0 NCP Bonds 4606759 F UBS Alternative Fund 5093113 F UBS- Trumbull Real Estate Fund 4160771 F UBS-Multiclass Fund 51606344 F Bank CD 1009116 F Other Mortgages 190057 F 66666160 Interest Receivable 227923 Covenant Trust Co. Investment 916666 Supply Inventory 67240 1211829 0 Post Retirement Benefit Obligation 5129000 Govt Advances for Student Loans 1671664 Advance Payments and Deposits 771765 7572429 76545912 69608084 6937828 16588591 0 0 0 0 16588591 23526419 75399901 16588591 0 0 0 16588591 58811310 631661 17102941 17734602 76545912 51873482 0 0 0 0 0 51873482 631661 17102941 17734602 69608084 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The university's endowment fund consists of approximately 600 funds established by donors for a variety of purposes. There are endowments for scholarships, faculty chairs, lectureships, and operating support for programs and facilities. SchD_P10_S00_L02 Schedule D, Part X, Line 2 As of June 30, 2011, North Park had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Institutional financial aid is netted from revenue per GAAP ($10,893,441). Non-institutional pass-through aid not in GAAP statements $6,473,327. All other relcassifications -$263,827. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Institutional financial aid netted from revenue per GAAP $10,893,441. Non-institutional pass-through aid not in GAAP statementss $6,473,327. All other reclassifications -$263,827. 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 for students. In addition, the organization receives an administrative cost allowance for administration of Title IV financial assistance funds. X X X X X X X 1 Ter Molen Watkins and Brandt LLC 500 N Dearborn Chicago IL 60610 This organization provide consulting advice to the university. This inclues consulting related to the current Capital Campaign. 0 0 81920 -81920 0 81920 -81920 All States 1 University funded financial aid for undergraduate students. 1602 8466618 0 cash University funded aid to graduate and adult students 550 1407755 0 cash University funded aid to Seminary students 172 1019068 0 cash Federal grants awarded to students (passed through from federal agencies) 898 4201293 0 cash State grants awarded to students (passed through from State agencies) 550 2272034 0 cash 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 passsed through from Federal and State aid programs. Students applying for financial aid must complete the federal FAFSA form. Institutional financial aid is awarded according to institutional policy and is awarded based on both academic ability and financial need. Federal and State aid is awarded consistent with applicable federal and state regulatoins. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DAVID PARKYN 212027 0 0 0 0 0 16500 0 33719 0 262246 0 245742 CARL BALSAM 148425 0 0 0 0 0 0 0 54588 0 203013 0 182787 JOE JONES 149938 0 0 0 0 0 0 0 24995 0 174933 0 170214 0 GARY WALTER 0 148660 0 0 0 0 0 27082 0 86432 0 262174 0 246127 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The University president lives in a university resident. The president is provided a health club membership. Illinois Finance Authority 861091967 45200BMY1 2005-04-19 33000000 Capital Improvements and Debt Refinancing 0 0 0 0 0 33000000 0 0 0 449298 0 0 32550702 0 0 2006 0 0 1 1 0 0 0 0 1 0.008 0 0.008 1 0 1 0 0 0 1 Linda Parkyn Spouse of Univ. President 72410 Salary as faculty member 0 X 38 235111 published values X 1 256327 appraised value 1 0 1 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The form 990 is review by the audit committee of the university. The form is made available to all trustees prior to the filing of the report. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Upon election or appointment, each trustee and/or officer is 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 defined as trustees with no related party transactions. Approval of any related party transactions requires a majority vote of the committee. The committee reports its recommendations to the board of trustees. 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 by the compensation committee of the board. The compensation committee gathers input from independent sources including comparative university data. Each year the university president's compensation is approved by the university trustees as well as by the university's sponsoring church denomination via the executive board of the denomination. The university chairperson, on behalf of the trustees, signs the annual statement of salary and benefits for the university president. Compensation for officers and/or other senior employees is based on a number of factors, including, seniority, comparable data for other positions at similar universities, etc. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Audited financial statements, Federal A-133 audit reports, 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_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized gains on investments Evangelical Covenant Church 8803 W Higgins Rd Chicago IL 60631 362167730 Church Denomination IL 501c3 N/A 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 1 0 0 0 Evangelical Covenant Church o 228330 Evangelical Covenant Church c 1140000 Covenant Trust Company o 408031 Covenant Trust Company b 33333 Additional paid-in-capital during the year