2012-11-06T09:43:11-06:00 2012-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-06-01 410706151 NORTH CENTRAL UNIVERSITY NORT 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 DR GORDON ANDERSON 6123434400 2012-10-31 1 XIAOYAN LUO P01305207 6123764500 2011 2016-02-24 21:20:13Z DR GORDON ANDERSON 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 44241315 0 1678 X WWW.NORTHCENTRAL.EDU X 1930 MN TO PREPARE STUDENTS TO FULFILL BIBLICAL MODELS OF LEADERSHIP AND MINISTRY THROUGHOUT THE WORLD. 45 38 688 50 0 0 1908492 2103127 27152536 27035266 279914 239528 9302 -6141 29350244 29371780 8182768 7739303 0 0 11122130 10424756 0 0 460197 7420844 9076868 26725742 27240927 2624502 2130853 39516140 41094060 8145810 7703347 31370330 33390713 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 24519409 7739303 27035266 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. 24519409 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 69 0 688 1 0 0 0 0 0 1 1 0 0 0 0 X 45 38 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 MN X CHERYL BOOK VP OF BUSINESS & FINAN 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 BONTRAGER RON 2.00 X X 0 0 0 ST JOHN CLARENCE 2.00 X X 0 0 0 GRISWOLD LARRY 2.00 X X 0 0 0 ADAMSON HEATH 2.00 X 5014 0 0 BAUCHSPIESS DAVID 2.00 X 0 0 0 BRENIZER JL 2.00 X 0 0 0 BREWER M RAY 2.00 X 0 0 0 CLAY BOB 2.00 X 0 0 0 DAVIS JOHN 2.00 X 12925 0 0 DEAN MARK 2.00 X 0 0 0 DUNSTON PEGGY 2.00 X 6058 0 0 FLORES JERRY 2.00 X 2042 0 0 FREITAG LEON 2.00 X 0 0 0 FURR STEVE 2.00 X 9594 0 0 GIFFORD DON 2.00 X 0 0 0 GRAHAM DOUG 2.00 X 8112 0 0 GROGAN GARY 2.00 X 0 0 0 GUIRE PATRICK 2.00 X 0 0 0 HARDIMAN BILL 2.00 X 0 0 0 HINZMAN PAUL 2.00 X 0 0 0 HOYT GARY 2.00 X 0 0 0 HUNT THIETJE 2.00 X 0 0 0 JACOBS TOM 2.00 X 0 0 0 KENNEDY JEFF 2.00 X 12169 0 0 KETTERLING ROB 2.00 X 0 0 0 KUNTZ TWYLA 2.00 X 0 0 0 LEACH WILLIAM 2.00 X 0 0 0 LIEBE LARRY 2.00 X 0 0 0 LIECHTY JON 2.00 X 0 0 0 MALDONADO CLEMENTE 2.00 X 0 0 0 MCPHERSON RANDY 2.00 X 13575 0 0 NYSTROM LOWELL 2.00 X 0 0 0 PAFFORD DAVID 2.00 X 0 0 0 PAINO TOM 2.00 X 0 0 0 RAINEAR KEVIN 2.00 X 0 0 0 RILEY BRAD 2.00 X 0 0 0 ROGADO JUN 2.00 X 15230 0 0 SANDOZ DWIGHT 2.00 X 0 0 0 SCHAIBLE STEPHEN 2.00 X 0 0 0 SCHNECKLOTH TOBY 2.00 X 0 0 0 STOCKER JOEL 2.00 X 0 0 0 STRAND KIRK 2.00 X 13620 0 0 SVOBODA BILL 2.00 X 18214 0 0 TRIPP STEVE 2.00 X 0 0 0 WASHINGTON FRED 2.00 X 0 0 0 WELLS KENT 2.00 X 0 0 0 WENIG BILL 2.00 X 11076 0 0 ANDERSON GORDON 40.00 X 168279 0 31696 BOOK CHERYL 40.00 X 101400 0 18489 BURKMAN THOMAS 40.00 X 98068 0 26236 FREITAG PAUL 40.00 X 75699 0 17388 NOSSER MICHAEL 40.00 X 78572 0 17503 RUCH NATANIEL 40.00 X 79503 0 23671 729150 0 134983 2 0 1 0 PIONEER COLLEGE CATERING 910 ELLIOT AVE MINNEAPOLIS MN 55404 CAMPUS FOOD SERVICE 1193543 WELSH CONSTRUCTION LLC 7807 CREEKRIDGE CR BLOOMINGTON MN 55439 CONSTRUCTION SERVICES 166507 2 111127 860504 1131496 103906 2103127 TUITION FEES 611600 19488464 19488464 RESIDENT HALL 611710 2840983 2840983 STUDENT FINANCIAL AID 611710 2249916 2249916 CAFETERIA 611710 1579488 1579488 BOOKSTORE 451211 509939 509939 366476 366476 27035266 244298 244298 14785289 13680 14800371 3368 -15082 10312 -4770 -4770 15025 111127 65796 -50771 -50771 MISCELLANEOUS INCOME 900099 44630 44630 44630 29371780 27035266 0 233387 7739303 7739303 898695 336831 437230 124634 7223135 6523552 594369 105214 341574 308492 28107 4975 1271493 1026342 194854 50297 689859 623044 56766 10049 77974 77974 12165 12165 122542 91725 27475 3342 335612 335612 603611 489676 98368 15567 280958 202365 78593 2819656 2631254 152736 35666 282423 239309 36226 6888 131367 70660 16069 44638 117524 109110 8414 1265230 1194185 55427 15618 189491 189491 MEAL PLAN EXPENSE 1238739 1206659 32080 EQUIPMENT 998379 848011 149091 1277 STUDENT EXPENSES 266649 266649 BAD DEBT EXPENSE 167251 167251 167297 87139 38126 42032 27240927 24519409 2261321 460197 662249 353352 4806829 5887835 1544099 1289044 230597 235323 216051 249595 50057259 20305586 28677403 29751673 2634806 2686307 334267 336055 409839 304876 39516140 41094060 1095644 1189317 1245858 1142614 5423271 4981977 381037 389439 8145810 7703347 X 27563798 29075429 1315355 1645497 2491177 2669787 31370330 33390713 39516140 41094060 X 2130853 -110470 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2018454 190251 -3368 31030 2174307 1758687 100733 199532 40498 2018454 1687907 47707 66177 26270 16834 1758687 2380823 68273 -739850 21339 1687907 0.00000 0.99000 0.01000 0 0 6155399 6155399 23507661 6662586 16845075 12144510 6393152 5751358 6576253 5841361 734892 1673436 1408487 264949 29751673 DEPOSITS 234400 ASSET RETIREMENT OBLIGATION 112024 CAPITAL LEASE OBLIGATION 40120 ANNUITIES PAYABLE 2895 389439 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2008 TO 2011 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 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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." EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AND STATE FUNDING. PARTNERS FOR PROGRESS 89176 89176 5000 32046 3300 4232 GOLF TOURNAMENT 36976 21951 15025 924 18787 124 1383 126152 111127 15025 924 23787 32170 3300 5615 65796 -50771 1 FEDERAL PELL GRANT 571 2065770 0 N/A N/A SUPPLEMENTAL ED. OPPORTUNITY GRANT 132 61012 0 N/A N/A MINNESOTA STATE GRANT 321 840401 0 N/A N/A FINANCIAL ASSISTANCE - NORTH CENTRAL UNIVERSITY INSTITUTIONAL AID 1153 4772120 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X 0 0 0 0 0 0 0 0 0 ANDERSON GORDON 161957 0 1500 0 4822 0 10069 0 21627 0 199975 0 0 0 PART I, LINE 1A ANDERSON, GORDON - HOUSING ALLOWANCE - $48,000 - THE AMOUNT IS INCLUDED IN HIS TAXABLE INCOME. 125264 FINANCIAL AID FOR DEPENDENTS OF BOARD REGENTS X 3 45106 STOCK MARKET QUOTES X 1 55000 APPRAISAL X MUSICAL INSTRUMENTS 1 3800 ESTIMATE 0 0 1 0 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 DISTRICT SUPERINTENDENT, THE DISTRICT YOUTH DIRECTOR, AND TWO OTHER MEMBERS 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 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, 2011 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, 2011 FOR THE VICE PRESIDENT, BUSINESS & FINANCE, CHERYL BOOK. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -112,258. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,788. TOTAL TO FORM 990, PART XI, LINE 5: -110,470. 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 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 SELBY GOSPEL BROADCASTING INC N 121988 FMV SELBY GOSPEL BROADCASTING INC P 165059 FMV