NORTH CENTRAL COLLEGE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- NORTH CENTRAL COLLEGE (EIN 36-2169157)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-09
- IRS object ID
- 201230699349300003
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-09T07:00:13-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 175 W JACKSON BLVD STE 2000 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60604 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362169157 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | North Central College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORT | NameControl |
| Phone | 6306375680 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 N Brainard Street | AddressLine1 |
| City | Naperville | City |
| State | IL | State |
| ZIP Code | 60540 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Paul H Loscheider | Name |
| Title | VP FOR BUSINESS AFFAIRS | Title |
| Date Signed | 2012-03-06 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAN ROMANO | Name |
| Phone | 3128560200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | HAROLD WILDE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 NORTH BRAINARD STREET | AddressLine1 |
| City | NAPERVILLE | City |
| State | IL | State |
| ZIP Code | 60540 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 112214465 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.noctrl.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1861 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | North Central College is a community of learners dedicated to preparing students to be informed, involved, principled and productive citizens and leaders over their lifetime. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 36 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1945 | TotalNbrEmployees |
| Total Nbr Volunteers | 35 | TotalNbrVolunteers |
| Total Gross UBI | 283379 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -53444 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8482297 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6423262 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 76920057 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 84041470 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1544835 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3742310 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1373957 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1811090 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 88321146 | TotalRevenuePriorYear |
| Total Revenue Current Year | 96018132 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 25963452 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 28891040 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 30995699 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 32811685 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1799421 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 24942263 | OtherExpensePriorYear |
| Other Expenses Current Year | 28298979 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 81901414 | TotalExpensesPriorYear |
| Total Expenses Current Year | 90001704 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6419732 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 6016428 | RevenuesLessExpensesCY |
| Total Assets BOY | 228345563 | TotalAssetsBOY |
| Total Assets EOY | 245529442 | TotalAssetsEOY |
| Total Liabilities BOY | 59332378 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 55654298 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 169013185 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 189875144 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | NORTH CENTRAL COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO PREPARING STUDENTS TO BE INFORMED, INVOLVED, PRINCIPLED AND PRODUCTIVE CITIZENS AND LEADERS OVER THEIR LIFETIME. IN 2010-2011, THE COLLEGE SERVED 3,363 FULL AND PART-TIME STUDENTS. 34 STATES AND U.S. TERRITORIES AND 32 FOREIGN COUNTRIES ARE REPRESENTED IN OUR STUDENT POPULATION. ABOUT 1,400 STUDENTS RESIDE ON THE COLLEGE CAMPUS EACH TERM. NORTH CENTRAL COLLEGE CONFERRED 529 UNDERGRADUATE DEGREES AND 124 MASTER'S DEGREES IN THE 2010-2011 ACADEMIC YEAR. THE COLLEGE ALSO SERVED 4,500 PEOPLE IN NON-CREDIT EDUCATIONAL AND COMMUNITY PROGRAMS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 22678025 | Expense |
| Grants | 0 | Grants |
| Revenue | 42751221 | Revenue |
| Description | Instruction: Faculty instruction for degree candidates for the academic year and summer school, public service (non-credit), community education, and master's degree programs are provided. 89% of the full-time teaching faculty members have a Doctorate or terminal degree in their field of expertise. This distinctive faculty publishes numerous articles, books and research documents on a regular basis, although their primary responsibility is teaching. Study abroad experiences are encouraged for all students during their college career at North Central. Some of the current study abroad opportunities are Ireland, Scotland, England, Greece, China, Japan, and Costa Rica. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6287687 | Expense |
| Grants | 0 | Grants |
| Revenue | 0 | Revenue |
| Description | Academic support: Dean of faculty, continuing education, library services, disabilities support services, tutoring assistance, and academic computing are included in academic support. Oesterle Library offers 32 million records in 71 college and university databases in Illinois in addition to the 149,000 volumes in its collection. Information technology offers the students on-line access to their grades, schedule, and correspondence with faculty and classmates via Blackboard. Each student has 10MB of web-space & 100 MB Hard Drive space available. Language, technology, psychology, and science labs are also available. Faculty serves as students' academic advisors. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 40519137 | Expense |
| Grants | 28891040 | Grants |
| Revenue | 28891040 | Revenue |
| Description | Student services and Athletics: Offices servicing the student body include admissions, international recruiting, financial aid, registrar, dean of students, ministry and service, community services, career development, the wellness center, student involvement, orientation, multicultural affairs, and athletic activities. Community service projects such as Habitat for Humanity are common pursuits during the December interim term and spring break. NCC Athletics maintains 22 NCAA Division III programs. The College is compliant with Title IX standards for gender equity and has won 27 team national championships. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 11398379 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 12115830 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 80883228 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 3975 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1945 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 36 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ELIZABETH A LAKEN | NamePerson |
| Telephone Number | 6306375680 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 N BRAINARD STREET | AddressLine1 |
| City | NAPERVILLE | City |
| State | IL | State |
| ZIP Code | 60540 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (45 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Ms Esther T Benjamin | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Mr Steven Bergerson | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Mr Kevin M Gensler | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| Dr John M Giannini | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Mrs Misty Gruber | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Mr Thomas Gruenwald | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Mrs Nancy Hanson | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Mr Steven H Hoeft | |||||||
| Trustee, Chairman of the Board | 1.0 | X | 0 | 0 | 0 | ||
| Dr Holly Humphrey | |||||||
| Trustee, Vice Chair, Acad Aff | 1.0 | X | 0 | 0 | 0 | ||
| Mr Peter P Jones | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Bishop Hee-Soo Jung | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Mr David W Kelsch | |||||||
| Trustee, Vice Chair, Bus Aff. | 1.0 | X | 0 | 0 | 0 | ||
| Mrs Michele kenaga | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Mr ray kinney | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| mrs susan koranda | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| BISHOP LINDA LEE | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MR RONALD LEUPTOW | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MR JOSEPH MALLON | |||||||
| trustee, chair audit committee | 1.0 | X | 0 | 0 | 0 | ||
| MR JAMES A MCDERMET | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| DR HOWARD MUELLER | |||||||
| trustee | 1.0 | X | 11760 | 0 | 900 | ||
| MS HOLLY I MYERS | |||||||
| trustee, Board Secretary | 1.0 | X | 0 | 0 | 0 | ||
| MR MICHAEL R NASET | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MR JOHN L NOVAK | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MR JEFF OESTERLE | |||||||
| trustee, Vice Chair, Inst Adv. | 1.0 | X | 0 | 0 | 0 | ||
| MR WILLIAM N PLAMONDON | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MR STEVEN RUBIN | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MS PAT PULIDO SANCHEZ | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MR STEPHEN T SELLERS | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MR DONALD SHARP | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| DR JEFFREY K SWALLOW | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MR SCOTT WEHRLI | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| MR ROBERT A WISLOW | |||||||
| trustee | 1.0 | X | 0 | 0 | 0 | ||
| DR HERMAN B WHITE JR | |||||||
| trustee, Vice Chair, Stdt Aff. | 1.0 | X | 5000 | 0 | 383 | ||
| Miss Maria E Wynee | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Mrs Beth Zimmerman | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Dr Harold R Wilde | |||||||
| President | 60.0 | X | 328565 | 0 | 173418 | X | |
| Mr Paul Loscheider | |||||||
| VP for Business Affairs | 60.0 | 179794 | 0 | 48693 | X | ||
| Ms Laurie Hamen | |||||||
| vp for enrollment management | 60.0 | 188192 | 0 | 42288 | X | ||
| Dr R Devadoss Pandian | |||||||
| VP for Academic Affairs | 60.0 | 190007 | 0 | 51728 | X | ||
| Mr Rick E Spencer | |||||||
| Vp institutional advancement | 60.0 | 182880 | 0 | 48685 | X | ||
| Mr Martin Sauer | |||||||
| Dean of Admissions/Fin Aid | 50.0 | 141886 | 0 | 20726 | X | ||
| DR RICHARD WILDERS | |||||||
| PROF OF MATH/ASSOCIATE DEAN | 50.0 | 140092 | 0 | 30917 | X | ||
| DR FRANCINE NAVAKAS | |||||||
| PROF OF ENGLISH/ASSOCIATE DEAN | 50.0 | 129341 | 0 | 31110 | X | ||
| DR MARTI BOGART | |||||||
| PROF OF ECON/ASSOCIATE DEAN | 50.0 | 120516 | 0 | 28604 | X | ||
| DR PETER BARGER | |||||||
| DEAN OF GRADUATE & CONT EDUC | 50.0 | 124385 | 0 | 20623 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1742418 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 498075 | TotalOtherCompensation |
| Number Individuals GT100 K | 25 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| THE MILLARD GROUP | |||||
| 94346 EAGLE WAY | CHICAGO | IL | 606789430 | CLEANING SERVICES | 751723 |
| Datatel | |||||
| 4375 Fair Lakes Court | FAIRFAX | VA | 22033 | software support srv | 207768 |
| Gordon Flesch Company | |||||
| PO Box 992 | MADISON | WI | 537010992 | print & copier srvcs | 197857 |
| Royall and Company | |||||
| 1920 E Parham Rd | RICHMOND | VA | 232282206 | Admission Marketing | 187488 |
| CBORD GROUP INC | |||||
| 61 BROWN ROAD | ITHACA | NY | 14850 | CARD ACCESS MAINTNCE | 159394 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 20 | NumberOfContractorsGT100K |
| Government Grants | 35906 | GovernmentGrants |
| All Other Contributions | 6387356 | AllOtherContributions |
| Noncash Contributions | 952483 | NoncashContributions |
| Total Contributions | 6423262 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION (GROSS OF FINANCIAL AID) | 812900 | 70213534 | 70213534 | |
| STUDENT HOUSING AND AUXILIARY ENTERPRISES | 812900 | 12115830 | 12115830 | |
| COMMUNITY EDUCATION | 812900 | 833207 | 549828 | 283379 |
| STUDENT FEES | 900099 | 453784 | 453784 | |
| OTHER ATHLETIC, ACADEMIC, AND ADMINISTRATIVE REV. | 900099 | 425115 | 425115 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 84041470 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2462412 | TotalRevenueColumn |
| Exclusion | $2,462,412 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 553575 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 83671 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 469904 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 469904 | TotalRevenueColumn |
| Exclusion | $469,904 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 17392560 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 16017608 | Securities |
| Other | 95054 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1374952 | Securities |
| Other | -95054 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1279898 | TotalRevenueColumn |
| Exclusion | $1,279,898 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| THEATRE GATE RECEIPTS | 711130 | 993723 | $993,723 |
| PARKING FEES/FINES | 812930 | 186557 | $186,557 |
| ATHLETIC GATE RECEIPTS | 812900 | 142157 | $142,157 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18749 | TotalRevenueColumn |
| Exclusion | $18,749 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1341186 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 96018132 | TotalRevenueColumn |
| Related Or Exempt Function Income | 83758091 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 283379 | UnrelatedBusinessRevenue |
| Exclusion | $5,553,400 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28891040 | Total |
| Program Services | 28891040 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1093838 | Total |
| Program Services | 699040 | ProgramServices |
| Management And General | 182348 | ManagementAndGeneral |
| Fundraising | 212450 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45545 | Total |
| Program Services | 45545 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24056584 | Total |
| Program Services | 21245054 | ProgramServices |
| Management And General | 2023253 | ManagementAndGeneral |
| Fundraising | 788277 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1955573 | Total |
| Program Services | 1557044 | ProgramServices |
| Management And General | 292981 | ManagementAndGeneral |
| Fundraising | 105548 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3955556 | Total |
| Program Services | 2601831 | ProgramServices |
| Management And General | 1220533 | ManagementAndGeneral |
| Fundraising | 133192 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1704589 | Total |
| Program Services | 1483476 | ProgramServices |
| Management And General | 208548 | ManagementAndGeneral |
| Fundraising | 12565 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113311 | Total |
| Program Services | 6759 | ProgramServices |
| Management And General | 106552 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84838 | Total |
| Program Services | 2500 | ProgramServices |
| Management And General | 82338 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 652850 | Total |
| Program Services | 130570 | ProgramServices |
| Management And General | 522280 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2345656 | Total |
| Program Services | 2059718 | ProgramServices |
| Management And General | 233998 | ManagementAndGeneral |
| Fundraising | 51940 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2041343 | Total |
| Program Services | 1230125 | ProgramServices |
| Management And General | 609703 | ManagementAndGeneral |
| Fundraising | 201515 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1815284 | Total |
| Program Services | 1426982 | ProgramServices |
| Management And General | 309980 | ManagementAndGeneral |
| Fundraising | 78322 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 600739 | Total |
| Program Services | 594970 | ProgramServices |
| Management And General | 3089 | ManagementAndGeneral |
| Fundraising | 2680 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22959 | Total |
| Program Services | 22959 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7416877 | Total |
| Program Services | 7031616 | ProgramServices |
| Management And General | 384401 | ManagementAndGeneral |
| Fundraising | 860 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1746138 | Total |
| Program Services | 1598962 | ProgramServices |
| Management And General | 92150 | ManagementAndGeneral |
| Fundraising | 55026 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169099 | Total |
| Program Services | 153409 | ProgramServices |
| Management And General | 11500 | ManagementAndGeneral |
| Fundraising | 4190 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1083119 | Total |
| Program Services | 1037715 | ProgramServices |
| Management And General | 45404 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5097287 | Total |
| Program Services | 4883609 | ProgramServices |
| Management And General | 213678 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179169 | Total |
| Program Services | 172372 | ProgramServices |
| Management And General | 6797 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FOOD SERVICE | 2708901 | 2708901 | ||
| EQUIPMENT RENT & MAINTENANCE | 1319320 | 512131 | 692654 | 114535 |
| . | 0 | |||
| . | 0 | |||
| . | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 902089 | Total |
| Program Services | 786900 | ProgramServices |
| Management And General | 76868 | ManagementAndGeneral |
| Fundraising | 38321 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90001704 | Total |
| Program Services | 80883228 | ProgramServices |
| Management And General | 7319055 | ManagementAndGeneral |
| Fundraising | 1799421 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6942962 | BOY |
| EOY | 8371845 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3508570 | BOY |
| EOY | 2011766 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3761110 | BOY |
| EOY | 4252705 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3854630 | BOY |
| EOY | 3925665 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2786773 | BOY |
| EOY | 1498696 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 173005897 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 44411784 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129579890 | BOY |
| EOY | 128594113 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67748401 | BOY |
| EOY | 86378282 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8552223 | BOY |
| EOY | 8676181 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1611004 | BOY |
| EOY | 1820189 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 228345563 | BOY |
| EOY | 245529442 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6899233 | BOY |
| EOY | 6382192 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 920836 | BOY |
| EOY | 1217649 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41500000 | BOY |
| EOY | 41500000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2892432 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7119877 | BOY |
| EOY | 6554457 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59332378 | BOY |
| EOY | 55654298 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 118199897 | BOY |
| EOY | 132702813 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11649334 | BOY |
| EOY | 16997790 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39163954 | BOY |
| EOY | 40174541 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 169013185 | BOY |
| EOY | 189875144 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 228345563 | BOY |
| EOY | 245529442 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 6016428 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 14845531 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 78969002 | BeginningOfYearBalance |
| Contributions | 808468 | Contributions |
| Investment Earnings Or Losses | 17217140 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 794674 | GrantsOrScholarships |
| Other Expenditures | 1877213 | OtherExpenditures |
| Administrative Expenses | 230125 | AdministrativeExpenses |
| End Of Year Balance | 94092598 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 68798252 | BeginningOfYearBalance |
| Contributions | 2897284 | Contributions |
| Investment Earnings Or Losses | 10133552 | InvestmentEarningsOrLosses |
| Other Expenditures | 2860086 | OtherExpenditures |
| End Of Year Balance | 78969002 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 79440231 | BeginningOfYearBalance |
| Contributions | 4162125 | Contributions |
| Investment Earnings Or Losses | -14748673 | InvestmentEarningsOrLosses |
| Other Expenditures | 55431 | OtherExpenditures |
| End Of Year Balance | 68798252 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.47000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.40000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.13000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5807796 | OtherCostOrOtherBasis |
| Book Value | 5807796 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 147981639 | OtherCostOrOtherBasis |
| Depreciation | 32304313 | Depreciation |
| Book Value | 115677326 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18650760 | OtherCostOrOtherBasis |
| Depreciation | 12107471 | Depreciation |
| Book Value | 6543289 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 565702 | OtherCostOrOtherBasis |
| Book Value | 565702 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 128594113 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SPLIT INTEREST AGRMT LIABILITY | $2,512,474 |
| REFUNDABLE FED PERKINS LOANS | $1,350,311 |
| INTEREST RATE SWAP AGREEMENT | $2,514,522 |
| CAPITAL LEASE OBLIGATION | $177,150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 6554457 | TotalOfAmounts |
| Total Revenue | 96018132 | TotalRevenue |
| Total Expenses | 90001704 | TotalExpenses |
| Excess Or Deficit For Year | 6016428 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 13314724 | NetUnrealizedGLOnInvestments |
| Other | $1,530,807 | OtherAmount |
| Total Adjustments | 14845531 | TotalAdjustments |
| Excess Or Deficit Per FS | 20861959 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 80620541 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 13314724 | NetUnrealizedGainsInvestments |
| Other Revenues | 83671 | OtherRevenues |
| Revenue Not Rptd F990 | 13398395 | RevenueNotRptdF990 |
| Revenue Subtotal | 67222146 | RevenueSubtotal |
| Other Revenues Not Included | 28795986 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 28795986 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 96018132 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 61194335 | TotExpensesEtcAuditedFinclStmt |
| Losses Reported | 83671 | LossesReported |
| Expenses Not Rptd F990 | 83671 | ExpensesNotRptdF990 |
| Expenses Subtotal | 61110664 | ExpensesSubtotal |
| Other Expenses Not Included | 28891040 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 28891040 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 90001704 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Organization's Collections and How Collections Further Exempt Purpose | Schedule D, Part III, Question 4 | The North Central College Archives consists of manuscripts, publications, photographs, audio-visual materials, artifacts, and other unique historical materials documenting the history of the College. The Archives holds similar types of materials for two additional collections, the Suburban Studies Archives (which seeks to document the transition of Chicago's west suburban region following World War II) and the papers of retired US Congressman Harris W. Fawell. The North Central College Archives' mission is to collect, organize, describe, preserve and make available for research materials on the history of the College and the local area as related to the College. The Archives supports the College community's need for historical information and provides reference assistance to archival researchers on and off campus. North Central College's Oesterle Library Special Collections (independent of the Archives) includes a collection of presidential and other famous persons signatures, a first editions collection of books, a unique collection of books on Chicago area history, and a set of books and sheet music for jazz. North Central College's Art Collection is on display throughout campus and includes a variety of media and artists, from bronzes by Gustav Borglum and Christian Petersen to tapestry by alumna Helen Gamertsfelder Naumann. |
| Intended Use of the Organization's Endowment Funds | Schedule D, Part V, Question 4 | The intended uses of the organization's endowment funds include expending funds toward professional faculty chairs, scholarships, facilities maintenance, library enhancement, and departmental enhancement. |
| Organization's Liability for Uncertain Tax Positions under FIN 48 | Schedule D, Part X, question 2 | The FASB issued guidance that requires tax effects from an uncertain tax position to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. If an uncertain tax position meets the more-likely-than-not threshold, the largest amount of tax benefit that is greater than 50% likely to be recognized upon ultimate settlement with the taxing authority is recorded. The College is exempt from income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purposes, unless that income is otherwise excluded by the IRC. There are no tax positions for which a material change in any unrecognized tax benefit liability is reasonably possible in the next 12 months. There is no interest or penalties recognized in the income statement or balance sheet. The tax years ending 2008, 2009 and 2010, are still open to audit for both federal and state purposes. This guidance did not have any impact on the Colleges financial statements. |
| reconciliation of change in net assets | schedule d, part xi, line 8 | gain on interest rate swap $750,553 split-interest payments $780,254 Total $1,530,507 |
| Reconciliation of Revenues | schedule d, Part XII, Line 2D | Rental Expenses $ 83,671 Total $ 83,671 |
| Reconciliation of Revenues | schedule d, Part XII, Line 4B | Financial Aid $28,891,040 Loss on Fixed Assets ($95,054) Total $28,795,986 |
| Reconciliation of Expenses | schedule d, Part XIII, Line 2D | Rental Expenses $83,671 Total $83,671 |
| Reconciliation of Expenses | schedule d, Part XIII, Line 4B | Financial Aid $28,891,040 Total $28,891,040 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| organization's Racially nondiscriminatory policy | Schedule E, question 3 | The college's policy is one of non-discrimination with respect to the public served by the institution and with respect to the college personnel. Advertisements, brochures, publications, application for admissions, etc., contain a statement to the effect that the college does not discriminate on the basis of race, color, religion, gender, age, national origin, ancestry, marital status, sexual orientation, handicap, disability, veteran status or unfavorable discharge from military service. A classified advertisement is run once per term with the college's anti-discrimination policy. |
| financial aid or assistance from a governmental agency | schedule e, question 6a | North Central College applies for and receives educational grants, as approved on a case by case basis, from Federal and State agencies. The college also participates annually in Federal & State financial aid programs, specifically Pell, SEOG, Federal work study, Perkins, Federal Direct Loans, and various other state of Illinois scholarship programs for qualified students. The grants and loans are reported in the College's A-133 Single Audit. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | ACADEMIC Scholarships and GRANTS | TypeOfGrant |
| Number Of Recipients | 2465 | NumberOfRecipients |
| Amount Of Cash Grant | 28891040 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Process for Monitoring Grants | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | The University provides scholarships to students matriculating at the University; all funds issued to students are required to defray the cost of tuition and no student may use the funds for other than educational purposes. Since the students have no discretion in the use of the funds, the College does not need to monitor the grants once issued. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr Harold R Wilde | |||||||||||||
| 328565 | 0 | 0 | 0 | 0 | 0 | 134500 | 0 | 38918 | 0 | 501983 | 0 | 0 | 0 |
| Mr Paul Loscheider | |||||||||||||
| 164794 | 0 | 15000 | 0 | 0 | 0 | 32336 | 0 | 16357 | 0 | 228487 | 0 | 0 | 0 |
| Ms Laurie Hamen | |||||||||||||
| 173192 | 0 | 15000 | 0 | 0 | 0 | 32285 | 0 | 10003 | 0 | 230480 | 0 | 0 | 0 |
| Dr R Devadoss Pandian | |||||||||||||
| 175007 | 0 | 15000 | 0 | 0 | 0 | 32944 | 0 | 18784 | 0 | 241735 | 0 | 0 | 0 |
| Mr Rick E Spencer | |||||||||||||
| 165480 | 0 | 15000 | 0 | 2400 | 0 | 32285 | 0 | 16400 | 0 | 231565 | 0 | 0 | 0 |
| Mr Martin Sauer | |||||||||||||
| 137886 | 0 | 4000 | 0 | 0 | 0 | 11528 | 0 | 9198 | 0 | 162612 | 0 | 0 | 0 |
| DR RICHARD WILDERS | |||||||||||||
| 140092 | 0 | 0 | 0 | 0 | 0 | 13868 | 0 | 17049 | 0 | 171009 | 0 | 0 | 0 |
| DR FRANCINE NAVAKAS | |||||||||||||
| 127841 | 0 | 1500 | 0 | 0 | 0 | 13379 | 0 | 17731 | 0 | 160451 | 0 | 0 | |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| HOUSING ALLOWANCE AND PAYMENTS | SCHEDULE J, PART I, QUESTION 1A | THE PRESIDENT IS REQUIRED TO LIVE IN THE PRESIDENT'S HOUSE UNDER THE TERMS OF HIS EMPLOYMENT CONTRACT AND THE ESTIMATED RENTAL VALUE IS not REPORTED TO HIM AS COMPENSATION. The president is being provided the house as a convenience to the College to allow him to conduct business and be available 24/7 to respond to emergent situations that may arise. |
| SCHEDULE J, PART II, COLUMN D | VALUE OF HOUSING PROVIDED TO THE PRESIDENT OF THE COLLEGE (NON-TAXABLE): | IRS instructions to Form 990 require that the fair market value of housing provided to employees by their employer be reported on Form 990, Part VII, Section A and Schedule J, Part II. As a condition of employment, the President of North Central College is required to reside on the campus premises. The residence serves both as a personal residence as well as a venue for regular carrying on of College business. The College has determined that the value of the use of this personal residence is not considered taxable income to the President as provided for in Internal Revenue Code Section 119. For tax year 2010, the value of the President's use of the residence is conservatively estimated to be $20,700. This estimated value is based on the fair rental value of $1,725 per month for similar houses in the area. During tax year 2010, the current President, Dr. Harold R. Wilde, made the residence their home for 12 months of the year. Schedule J, Part II, Column (D) includes $20,700 of non-taxable income associated with the use of the residence provided by the College. |
| Nonqualified supplemental retirement plan | Schedule J, Part I, Line 4b | The following individuals participate in the supplemental nonqualified 457(f) retirement plan. Dr Harold R Wilde $110,000 Mr Paul Loscheider $15,000 Ms Laurie Hamen $15,000 Dr R D Pandian $15,000 Mr Rick Spencer $15,000 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Illinois Finance Authority | |||||||
| 861091967 | 45200FNS4 | 2008-10-16 | 17000000 | See schedule o | false | false | false |
| ILLINOIS FINANCE AUTHORITY | |||||||
| 861091967 | 452001Q86 | 2005-05-31 | 21200000 | see schedule o | false | false | true |
| ILLINOIS FINANCE AUTHORITY | |||||||
| 861091967 | 452001ZF0 | 2005-05-31 | 36500000 | see schedule o | false | false | true |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 17232326 | 0 | 105630 | 0 | 289481 | 420342 | 0 | 16351973 | 64900 | 0 | 2009 | false | false | true | true |
| 3400000 | 0 | 21200000 | 0 | 0 | 21200000 | 0 | 0 | 0 | 0 | 0 | 0 | 2000 | true | false | true | true |
| 7000000 | 0 | 36500000 | 0 | 0 | 36500000 | 0 | 0 | 0 | 0 | 0 | 0 | 1999 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | false | true | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | true | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | true | false | true | 0.00000 | 0.00000 | 0.00000 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|
| BANK OF AMERICA NA | ||||||||
| false | true | true | 29.9 | false | false | false | false | false |
| (no name) | ||||||||
| false | true | false | false | false | true | |||
| BANK OF AMERICA | ||||||||
| false | true | true | 20. | false | false | false | false | true |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Information | Identifier |
| Return Reference | Schedule K | ReturnReference |
| Explanation | See Schedule O for Schedule K supplemental information. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | Na | NameOfInterestedPerson |
| Relationship With Organization | n/a | RelationshipWithOrganization |
| Amount Of Grant | 21000 | AmountOfGrant |
| Type Of Assistance | scholarships | TypeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| david kelsch | |||
| trustee | 179595 | See Part V | false |
| ray kinney | |||
| trustee | 261840 | See Part V | false |
Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Grants or Assistance Benefiting Interested Persons | Schedule L, Part III | ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREsT IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. Any scholarship committee member who has a relationship with any potential recipient of scholarship money is not included in the selection process for that particular candidate. |
| Business Transactions with Interested Persons | Schedule L, Part IV | David Kelsch is a trustee of the board of North Central College, he is also the President and CEO of Advanced Data Technologies Inc. North Central College paid Advanced Data Tech $179,595 for professional services during fiscal year 2011. The business transaction between North Central College and Advanced Data Technologies Inc was conducted at arm's length, and a fair market value price was provided to the college for the services provided. Ray Kinney is a trustee of the board of North Central College, he is also a Principal of Minuteman Press and substantial shareholder of the company. North Central College paid Minuteman Press $261,840 in fiscal year 2011 for their services. The business transaction between North Central College and Minuteman Press was conducted at arm's length, and a fair market value price was provided to the college for the services provided. |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods |
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 3920 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraisal value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 31 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 409684 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | cost/selling price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 538879 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraisal value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| HOW ORGANIZATION IS REPORTING CONTRIBUTIONS | SCHEDULE M, PART I, COLUMN B | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS, NOT ITEMS RECEIVED. |
| Third Party Vendor Arrangement | Schedule M, Part 1, Line 32a | When North Central College receives a stock gift, the development office refers the donor to our 3rd party broker Stifel Nicolaus (70 W Madison St, Suite 5000, Chicago, IL 60602). The broker then sells the stock and sends North Central College a check for the proceeds less fees. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (15 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Other Program Services | Part III, Line 4D | Auxiliary Services: Auxiliary services include residence life, student housing, and food services. Facilities include Kaufman a full service dining hall, The Cage a quick service cook-to-order facility, and The Boilerhouse Cafe featuring Starbuck's coffee. The bookstore, college union, commuter student gathering room, and other meeting places are also included in Auxiliary service. More than 1,400 of the full-time students choose to live in college owned or leased properties. All campus housing contracts offer flexible meal plan options. |
| Material Difference in voting rights | Part VI, Section A, Line 1a and 1b | There were 36 voting members at the beginning and end of fiscal year 2011. Three new members (Donald Sharp, Howard Mueller, and Thomas Gruenwald) were appointed during the fiscal year. John Bramsen transitioned from an Active to a Life trustee, myron wentz transitioned from an active to an honorary trustee, and lloyd krumlauf retired from the board. The President and 8 other members of the board are not independent based on the criteria provided. |
| Directors with a relationship | PART VI, SECTION A, QUESTION 2 | Trustees Jeff Oesterle and Scott Wehrli with Life Trustees Dick Wehrli and Al Benedetti have invested together in a joint venture. This joint venture is independent of any North Central College activities or investments. One life trustee, John Bramsen, is related to an honorary trustee, James Bramsen, they are brothers. Scott Wehrli is the son of life trustee, Dick Wehrli. Scott Wehrli, Ray Kinney, and Kevin Gensler, have a business relationship with each other. |
| Process Organization Uses to Review Form 990 | Part VI, Section B, Question 11b | The review will be conducted prior to filing the 990 with the IRS. The Assistant VP of Finance/Comptroller and Senior Accountant gather all information from various areas of the College and submit to tax professionals for the first draft of the 990. The Assistant VP of Finance/Comptroller and Senior Accountant review and make necessary changes. The second draft is then reviewed by the VP for Business Affairs and the College President. Again, updates and changes are made if necessary. A final draft is sent via email to all voting board members for their review. If any changes are required after board review, they will be sent to the tax professionals for incorporation into the form 990. |
| How Organization Monitors and Enforces Conflict of Interest Policy | Part VI, Section B, Question 12C | The conflict of interest statements are sent to each board member with the May board packet, which includes reading materials for the upcoming meeting. All board members are expected to return the conflict of interest statements at the May board meeting, if not sooner. A process has been established to follow up with any members who have not returned the conflict of interest statement within the given parameters. The college monitors conflicts of interest by sending out a questionnaire annually, as well as at every meeting the question is raised. If a conflict arises, that individual is prohibited from participating in the governing body's deliberations and decisions in the transaction under discussion. |
| Process for Determining Compensation of Top Management | Part VI, Section B, Questions 15A & 15B | The Compensation Committee (a sub-committee of the Board) is responsible for determining the President's salary and reviewing the Vice Presidents' salaries. The Compensation Committee works with Human Resources (and possibly outside consultants) to obtain comparable salary/benefit data from organizations such as College and University Personnel Association (CUPA), in order to establish appropriate salary/benefit packages. The Compensation Committee consists of the Chair of the Board and two active trustees, who are not related to the President or Vice Presidents and do not perform management-directed services to the College. The College has an annual review of their compensation process. Annually, the Executive Committee reviews the Compensation Committee's recommendations and approves the President's compensation. The Vice Presidents' compensation is brought before the Board of Trustees in an executive session at the fall meeting. Contemporaneous documentation is maintained for all compensation decisions. |
| How Organization Makes Important Documents Available to the Public | Part VI, Section C, Question 19 | The conflict of interest policy and financial statements are available to the public at North Central College's website, www.noctrl.edu. The College's governing documents are not currently posted on the website, but they are available upon request. it is available upon request. |
| other changes in net assets or fund balances | part xi, line 5 | Unrealized gain $13,314,724 change in fair value of interest rate swap agreement $750,553 change in value of split-interest agreements $780,254 Total increase in net assets or fund balances $14,845,531 |
| Description of Purpose | Schedule K, Part I, Column F, Line A | The bonds were issued to finance, refinance or reimburse the costs of the acquisition, construction, renovation, improvement and equipping of certain educational facilities. |
| Description of Purpose | Schedule K, Part I, Column F, Line B | The bonds and the 1999 Bonds (defined below) were issued to provide funds to several Section 501(c)(3) nonprofit organizations. The bonds were issued in the amount of $21,200,000. North Central College benefitted from $10,000,000 of the proceeds of the bonds. The issuer of the bonds changed the mandatory tender provisions of the indenture governing previously issued bonds (the "1999 Bonds") thereby resulting in the Variable Rate Demand Revenue Bonds, Series 1999 (ACI/Cultural Pooled Financing Program) originally issued by the Illinois Educational Facilities Authority on July 28, 1999 to be assumed to be reissued and currently refunded for Federal income tax purposes on May 31, 2005. The portion of the proceeds of the 1999 Bonds which were borrowed by North Central College were used to finance, refinance and reimburse the costs of the acquisition, construction, renovation, improvement and equipping of educational facilities. |
| Description of Purpose | Schedule K, Part I, Column F, Line C | The bonds and the 1998 Bonds (defined below) were issued to provide funds to several Section 501(c)(3) nonprofit organizations. North Central College benefitted from $15,000,000 of the proceeds of the Bonds. The bonds were issued in the amount of $36,500,000. The issuer of the bonds changed the mandatory tender provisions of the indenture governing previously issued bonds (the "1998 Bonds") thereby resulting in the Variable Rate Demand Revenue Bonds, Series 1998 (ACI/Cultural Pooled Financing Program) originally issued by the Illinois Educational Facilities Authority on March 25, 1998 to be assumed to be reissued and currently refunded for Federal income tax purposes on May 31, 2005. The portion of the proceeds of the 1998 Bonds which were borrowed by North Central College were used to finance, refinance and reimburse the costs of the acquisition, construction, renovation, improvement and equipping of educational facilities. In April of 2006, North Central College paid $500,000 of principal; therefore $14,500,000 is still outstanding. |
| Total proceeds of issue | Schedule K, Part II, Column A, Line 3 | The issue price of the bonds is $17,000,000. Investment earnings through the end of the project period were $232,326. |
| Total proceeds of issue | Schedule K, Part II, Column B, Line 3 | The issuer price of the bonds is $21,200,000. North Central College benefitted from $10,000,000 of the proceeds of the bonds. The $10,000,000 amount is inadvertently listed as $9,000,000 on the Form 8038 for the 1999 bonds. |
| Total proceeds of issue | Schedule K, Part II, Column C, Line 3 | The issue price of the bonds is $36,500,000. North Central College benefitted from $15,000,000 of the proceeds of the bonds. In April of 2006, North Central College paid $500,000 of principal; therefore $14,500,000 is still outstanding. |
| Other spent proceeds | Schedule K, Part II, Column C, Line 11 | Other spent proceeds includes LOC fees of $25,500 (paid 10/31/08 from the Project Fund), LOC fees of $19,650 (paid 7/21/09 from the Cap Interest fund), and $19,750 of Remarketing Fees (paid 11/3/09 from the Cap Interest fund). |
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