2011-11-04T11:42:15-05:00 2011-05-31 LARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-06-01 410706151 NORTH CENTRAL UNIVERSITY NORT 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 DR GORDON ANDERSON 6123434400 2011-11-01 1 XIAOYAN LUO 6123764500 2010 2016-03-07 17:11:31Z DR GORDON ANDERSON 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 42259912 0 1678 X WWW.NORTHCENTRAL.EDU X 1930 MN TO PREPARE STUDENTS TO FULFILL BIBLICAL MODELS OF LEADERSHIP AND MINISTRY THROUGHOUT THE WORLD. 49 40 651 50 0 0 2337713 1908492 23869920 27152536 105318 279914 88559 9302 26401510 29350244 7137253 8182768 0 0 10420303 11122130 0 0 422928 6933969 7420844 24491525 26725742 1909985 2624502 37170418 39516140 8648394 8145810 28522024 31370330 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 24118201 8182768 27152536 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. 24118201 1 1 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 62 0 1 651 1 0 0 0 0 0 1 1 0 0 X 49 40 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 13084 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 6580 0 0 BAUCHSPIESS DAVID 2.00 X 0 0 0 BOONE MARK 2.00 X 4392 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 0 0 0 DEAN MARK 2.00 X 6446 0 0 DUNSTON PEGGY 2.00 X 18232 0 0 ENTZMINGER MARK 2.00 X 0 0 0 FLORES JERRY 2.00 X 3820 0 0 FREITAG LEON 2.00 X 0 0 0 FURR STEVE 2.00 X 13236 0 0 GIFFORD DON 2.00 X 0 0 0 GRAHAM DOUG 2.00 X 0 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 3906 0 0 HUNT THIETJE 2.00 X 0 0 0 JACOBS TOM 2.00 X 0 0 0 KENNEDY JEFF 2.00 X 10172 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 LOSING DARRELL 2.00 X 0 0 0 MALDONADO CLEMENTE 2.00 X 0 0 0 MCPHERSON RANDY 2.00 X 6808 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 16996 0 0 SANDOZ DWIGHT 2.00 X 0 0 0 SCHAIBLE STEPHEN 2.00 X 6132 0 0 SCHNECKLOTH TOBY 2.00 X 0 0 0 STOCKER JOEL 2.00 X 0 0 0 STRAND KIRK 2.00 X 7446 0 0 SVOBODA BILL 2.00 X 20108 0 0 TRIPP STEVE 2.00 X 0 0 0 WASHINGTON FRED 2.00 X 0 0 0 WENIG BILL 2.00 X 9988 0 0 ANDERSON GORDON 40.00 X 167253 0 30872 BOOK CHERYL 40.00 X 99197 0 18026 BURKMAN THOMAS 40.00 X 95995 0 25382 RUCH NATHANIEL 40.00 X 75572 0 22558 NOSSER MICHAEL 40.00 X 78019 0 16845 FREITAG PAUL 40.00 X 74016 0 16733 737398 0 130416 1 0 1 0 PIONEER COLLEGE CATERING 303 GLENROSE AVE NASHVILLE TN 372104831 CAMPUS FOOD SERVICE 1062260 JENZABAR INC PO BOX 845939 BOSTON MA 022845939 SOFTWARE/SUPPORT 135184 SOVRAN INC 2915 COMMERS DR STE 100 EAGAN MN 55121 COMPUTER HARDWARE/SOFTWARE 124526 WELSH CONSTRUCTION LLC 7807 CREEKRIDGE CR BLOOMINGTON MN 55439 CONSTRUCTION SERVICES 108496 THYSSEN KRUPP ELEVATOR 2726 E KEMPER RD CINCINNATI OH 45741 ELEVATOR UPGRADE 106627 6 82862 877301 948329 82729 1908492 TUITION FEES 611600 19263937 19263937 RESIDENT HALL 611710 2828560 2828560 STUDENT FINANCIAL AID 611710 2417138 2417138 CAFETERIA 611710 1651206 1651206 BOOKSTORE 451211 573291 573291 418404 418404 27152536 225952 225952 12884091 13151 12839279 4001 44812 9150 53962 53962 20020 82862 66388 -46368 -46368 MISCELLANEOUS INCOME 900099 55670 55670 55670 29350244 27152536 0 289216 8182768 8182768 759346 330137 306739 122470 8172077 7293778 765581 112718 304969 270877 30706 3386 1227820 1077151 128380 22289 657918 553343 86851 17724 52322 52322 54125 54125 6448 6448 125307 101223 22884 1200 193396 182602 794 10000 717349 516670 186472 14207 254312 194399 59913 1498878 1326584 141654 30640 309819 269139 33697 6983 104523 55596 9676 39251 5811 2881 2930 1117111 1054313 49967 12831 157360 157360 MEAL PLAN EXPENSE 1297242 1264880 31555 807 EQUIPMENT 892789 849420 42063 1306 STUDENT EXPENSES 188514 188514 BAD DEBT EXPENSE 150222 150222 MISCELLANEOUS EXPENSES 95960 60227 9499 26234 199356 186339 12135 882 26725742 24118201 2184613 422928 508264 662249 4755435 4806829 1284680 1544099 206247 230597 189447 216051 47743459 19066056 27972244 28677403 1753389 2634806 326640 334267 174072 409839 37170418 39516140 1044913 1095644 1186201 1245858 6050441 5423271 366839 381037 8648394 8145810 X 25129673 27563798 1000096 1315355 2392255 2491177 28522024 31370330 37170418 39516140 X 2624502 223804 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1758687 100733 199532 40498 2018454 1687907 47707 66177 26270 16834 1758687 2380823 68273 -739850 21339 1687907 0.00000 0.97500 0.02500 0 0 6008399 6008399 23052140 6466454 16585686 10690386 5891815 4798571 6459833 5614621 845212 1532701 1093166 439535 28677403 DEPOSITS 217215 ANNUITIES PAYABLE 2992 CAPITAL LEASE OBLIGATION 50072 ASSET RETIREMENT OBLIGATION 110758 381037 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 2007 TO 2010 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 ORGANIZATION RECEIVES FEDERAL AND STATE FUNDING. PARTNERS FOR PROGRESS 67262 67262 36224 2326 2326 GOLF TOURNAMENT 29210 15600 13610 1295 18535 122 1268 1 6410 0 6410 492 3800 102882 82862 20020 1787 22335 36346 2326 3594 66388 -46368 1 FEDERAL PELL GRANT 596 2217813 ACADEMIC COMPETITIVENESS GRANT 169 135207 SUPPLEMENTAL ED. OPPORTUNITY GRANT 166 75782 MINNESOTA STATE GRANT 311 835627 FINANCIAL ASSISTANCE - NORTH CENTRAL INSTITUTIONAL AID 1154 4918339 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 157684 0 2592 0 6977 0 9776 0 21096 0 198125 0 0 0 PART I, LINE 1A ANDERSON, GORDON - HOUSING ALLOWANCE - $48,000 - THE AMOUNT IS INCLUDED IN HIS TAXABLE INCOME. VARIOUS BOARD MEMBERS BOARD MEMBER 146479 FINANCIAL AID FOR DEPENDENT X 3 61429 FAIR MARKET VALUE X PRINTERS 1 21300 ESTIMATE 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 IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS DISCOVERED, THE EXECUTIVE COMMITTEE WILL REVIEW THE SITUATION. THE PROCEDURE COVERS ALL EMPLOYEES OF NORTH CENTRAL UNIVERSITY AND MEMBERS OF THE BOARD OF REGENTS. IF BOARD ACTION WAS REQUIRED, A BOARD MEMBER WITH A CONFLICT OF INTEREST INVOLVING THE MATTER AT HAND WOULD BE EXCUSED FROM THE VOTING PROCESS TO HELP AVOID THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 SALARY SURVEY INFORMATION IS ACCUMULATED FROM VARIOUS SOURCES, INCLUDING A COLLECTION OF SEARCH RESULTS FROM 990'S REPRESENTING INSTITUTIONS COMPARABLE TO NORTH CENTRAL UNIVERSITY. THIS INFORMATION IS PREPARED AND SUBMITTED TO THE BOARD OF REGENTS FOR REVIEW AND RECOMMENDATION. FOR THE PRESIDENT, VICE PRESIDENT AND EXECUTIVE DIRECTOR, THE PROCESS WAS LAST COMPLETED IN OCTOBER, 2010. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE MINNESOTA SECRETARY OF STATE, AND UPON REQUEST. THE ORGANIZATION'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 GAINS ON INVESTMENTS: 216,178. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 7,626. TOTAL TO FORM 990, PART XI, LINE 5: 223,804. 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 1 1 1 1 SELBY GOSPEL BROADCASTING INC N 101415 FMV SELBY GOSPEL BROADCASTING INC P 129750 FMV