2011-05-12T14:43:01-07:00 2010-06-30 990 2009-07-01 361557840 NORTH PARK UNIVERSITY NORT 7732445597 3225 W Foster Ave Chicago IL 60625 Lester Carlstrom 7732445597 2011-11-12 2009 2016-02-24 21:20:13Z David L Parkyn 3225 W Foster Ave Chicago IL 60625 91391571 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. 36 33 1558 100 98417 0 9388177 19384383 54157921 54527236 624260 3166463 -57783 -19366 64112575 77058716 13765733 14385872 0 0 29345929 29078734 115299 138315 1860346 22513270 22167988 65740231 65770909 -1627656 11287807 173608730 195459528 71723836 75239147 101884894 120220381 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 58621353 14385872 54527236 North Park University provides undergraduate and graduate degree programs to approximately 3,250 students (1,850 undergraduates 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 theological studies. The university provides residential living for approximately 1,000 students. 0 0 0 58621353 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 1 4312 0 1 1558 1 1 1 0 0 0 0 0 0 0 0 1 1 36 33 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 PAUL ALEY 5 X 0 0 0 JIMMIE ALFORD 5 X 17435 0 0 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 MARK DENNIS 5 X 0 0 0 JOHN DOUGLASS 5 X 0 0 0 DONNA ERICKSON 5 X 0 0 0 DAVID GREENEDGE 5 X 0 0 0 DAVE HANSON 5 X 0 0 0 JON HEINTZELMAN 5 X 0 0 0 DAVID HELWIG 5 X 0 0 0 TOMAS IVENS 5 X 0 0 0 CAROLE JOHNSON 5 X 0 0 0 MARK JOHNSON 5 X 0 0 0 MARK LINDBERG 5 X 0 0 0 LORRAINE LINDSTROM 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 197587 0 48350 LOANN PETERSON 5 X 0 0 0 BONNIE PIHL 5 X 0 0 0 AMY ROHLER 5 X 0 0 0 EFREM SMITH 5 X 0 0 0 JOHN SNOW 5 X 0 0 0 KRISTINE STRAND 5 X 0 0 0 KAREN TAMTE 5 X 0 0 0 THEODORE VANDERMEID 5 X 0 0 0 DONALD WAHLQUIST 5 X 0 0 0 GARY WALTER 5 X 0 142331 0 LOUISE WILSON 5 X 0 0 0 OWEN YOUNGMAN 5 X 0 0 0 CARL BALSAM 40 X X 131674 0 51113 LESTER CARLSTROM 40 X 94167 0 14362 JOE JONES 40 X 146246 0 23968 JOHN PHELAN 40 X 115739 0 20432 DANIEL TEPKE 40 X 116459 0 20802 MARY SURRIDGE 40 X 103096 0 10896 922403 142331 189923 6 0 1 0 ARAMARK Corp 1101 Market St Philadelphia PA 19107 Food Service Provider 1552715 Kelmscott 1665 Mallette Road Aurora IL 60507 Printing and Direct Mail Services 731663 Datatel 4375 Fair Lakes Ct Fairfax VA 22033 Administrative Software Provider 483660 Jamerson Bauwens 3055 McArthur Northbrook IL 60062 Electrical Contractor 362127 UBS Box 23307 Chicago IL 60673 Investment Management Services 382270 36 0 0 0 1140000 0 18244383 90291 19384383 Tuition, Fees and Auxilary Revenue 611710 53851913 53851913 0 0 675323 440591 98417 136315 54527236 1664119 1664119 0 0 0 0 0 0 0 0 0 0 280766 0 300132 0 -19366 0 -19366 -19366 0 0 15535067 0 14032723 0 1502344 0 1502344 1502344 0 0 0 0 0 0 0 0 0 0 77058716 57439601 98417 136315 0 0 14385872 14385872 0 0 0 0 458413 0 458413 0 0 0 0 0 22346273 20601790 982350 762133 1367121 1187161 131612 48348 3523316 3341246 154044 28026 1383611 1249473 81541 52597 1269882 1269882 0 0 255509 0 255509 0 119317 0 119317 0 0 0 0 0 138315 138315 599810 599810 0 0 0 0 0 0 2370818 2277488 0 93330 655183 574883 0 80300 1473092 346625 1126467 0 0 0 0 0 3535940 3535940 0 0 452783 372027 26867 53889 0 0 0 0 0 0 0 0 858990 0 858990 0 843295 0 370092 473203 3979587 3979587 0 0 1075852 401311 674541 0 Post Retirement Benefits 739000 739000 0 0 Equipment Maint-Repair 1147844 1147844 0 0 Library Resources 332928 332928 0 0 All Other 2458158 2278486 49467 130205 65770909 58621353 5289210 1860346 5239405 10203970 0 0 6268155 11961457 3522472 3283833 0 0 0 0 0 0 0 0 1571200 1561260 107881461 36575363 73276774 71306098 38725916 43406453 43870966 52544174 0 0 1133842 1192283 173608730 195459528 5526537 6449016 0 0 1790505 1408713 55600000 55500000 0 0 0 0 0 0 1349590 3962292 7457204 7919126 71723836 75239147 X 46032949 54909055 7001472 12226594 48850473 53084732 101884894 120220381 173608730 195459528 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49188724 3021107 6179391 1773936 608700 421427 55585159 60032252 3005510 -11017068 1765221 724968 341781 49188724 0.12 0.88 0 0 0 9462391 0 9462391 77885751 0 28513800 49371951 0 0 0 0 10270023 0 4946293 5323730 10263296 0 3115270 7148026 71306098 0 F 0 F National Covenant Property Bonds 4524000 F UBS - Alternative Investment Fund 4385766 F UBS-Trumbull Real Estate Fund 1278206 F UBS-Multi-Class Fund 42131340 F Other Mortgage Notes 224862 C 52544174 Interest Recievable 227747 Covenant Trust Company 883333 Supply Inventory 81203 1192283 0 Post Retirement Benefit Obligations 5388000 Perkins and Student Nursing Loans 1708011 Advance Payments and Deposits 823115 7919126 77058716 65770909 11287807 7047680 0 0 0 0 7047680 18335487 69420846 7047680 0 0 0 7047680 62373166 599810 14085740 14685550 77058716 51085359 0 0 0 0 0 51085359 599810 14085740 14685550 65770909 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The university's endowment consists of approximately 600 funds established for a variety of purposes, including scholarships, lectureships, chairs and operating support. SchD_P10_S00_L00 Schedule D, Part X There is no specific footnote in the financial statements regarding tax liability. The university has no recorded tax liability related to uncertain tax positions under FIN48. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Institutional aid netted from revenue per GAAP $9,148,801. Non-institutional pass-through aid not in GAAP statements $5,237,071. All other reclassifications $299,678. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Institutional aid netted from revenue per GAAP $9,148,801. Non-institutional pass-through aid not in GAAP statements $5,237,071. Other other reclassifications $299,678. 1 1 1 The organization has a nondiscriminatory policy toward students. That statement is found in brochures, catalogues and other public communications. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 The organization receives federal financial aid for students. In addition, the organization receives an administrative cost allowance for administration of Title IV financial assistance funds. 1 X X X X X X X 1 Ter Molen Watkins and Brandt LLC This organization provides consulting advice to the university. This includes work in advancing the current Capital Campaign. 0 0 138315 -138315 0 138315 -138315 All States 1 University funded financial aid for undergraduate students 1623 6969104 0 University funded aid to graduate students 499 1186529 0 University funded financial aid to Seminary students 170 993168 0 Federal grants awarded to students (passed through from federal agencies) 674 3152869 0 State grants awarded to students (passed through from State agencies) 529 2084202 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Grants represent financial aid to university students from both institutional funds as well as amounts passed through from Federal and State award programs. Students applying for financial aid must complete the federal aid FAFSA form. Institutional financial aid is awarded according to institutional policy and is awarded based both on academic ability and financial need. Federal and State aid is awarded consisten with applicable Federal and State regulations. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DAVID PARKYN 197587 0 0 0 0 0 16250 0 32100 0 245937 0 245742 CARL BALSAM 131674 0 0 0 0 0 0 0 51113 0 182787 0 191366 0 JOE JONES 146246 0 0 0 0 0 0 0 23968 0 170214 0 156537 0 GARY WALTER 0 142332 0 0 0 0 0 16167 0 87628 0 246127 186284 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The university president resides in a university owned property. Spousal travel occurs occasionally. The president has a health club membership. Illinois Development Finance Authority 370988139 45188RL20 1999-10-19 23000000 Capital Improvements and Debt Refinancing 0 0 Illinois Finance Authority 861091967 45200BMY1 2005-04-19 33000000 Capital Improvement and Debt Refinancing 0 0 23000000 0 0 0 390777 0 22609223 2000 0 0 1 1 33000000 0 0 0 449298 0 32550702 2006 0 0 1 1 0 0 0 0 1 0.0001 0.0 0.0001 1 0 0 1 1 1 0.011 0 0.011 1 0 1 0 0 0 1 0 1 0 0 0 1 Linda Parkyn Spouse of University President 70678 Salary as member of university faculty 0 X 17 90291 FMV 0 0 1 0 F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 The full board delegated review and approval of the form 990 to the Audit Committee as it was deemed not practicial to be reviewed by the entire board of trustees. Therefore, the Audit Committeed reviewed the 990 with management prior to filing. Upon completion of the review, the Audit Committee took action to authorize management to file the form. 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 as standard disclosure form. Them terms of any related party transactions are reviewed annually by a committee comprised of "independent" trustees. Independent trustees are defined as trustees with no related party transactions. Approval of related party transactions requires a majority vote of the committee. The committee reports its recommendations as to related party transactions 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 from the compensation committee of the board. The compensation committee gathers input from independent sources including comparative data for presidents of similarly sized universities. Each year, the president's compensation is approved by the university trustees as well as by the university's sponsoring denomination (via the executive board of the Evangelical Covenant Church). The chairperson of the university board, on behalf of all trustees, signs an annual statement of salary and benefits for the president. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Audit financial statements, Federal A-133 reports, IRS forms 990 and 990T, and conflict of interest policy are available upon request by calling the university business office at 773-244-5597. The university is making plans to annually upload the audited financial statements to the institutional website. 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 30 30 0.3 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Evangelical Covenant Church o 170092 Evangelical Covenant Church b 200000 Evangelical Covenant Church c 1140000 Covenant Trust Company o 473203