North Park University
- Assets
- $342.3m
- Revenue
- $94.5m
- Investments
- $40.2m
- Employees
- 1,298
- Location
- Chicago, IL
- Founding
- 07/1942
- Data as of
- 06/2021
- EIN
- 36-1557840
Organization Overview
North Park University is located in Chicago, IL. The organization was established in 1942. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, North Park University employed 1,298 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. North Park University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, North Park University generated $94.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $92.9m during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NORTH PARK UNIVERSITY IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION. THE UNIVERSITY OFFERS OVER 65 UNDERGRADUATE MAJORS AND CONCENTRATIONS OF STUDY, PRE-PROFESSIONAL PROGRAMS, AND CERTIFICATES. THE UNIVERSITY ALSO HAS A VARIETY OF GRADUATE DEGREE PROGRAMS OFFERED THROUGH THE SCHOOL OF BUSINESS AND NON-PROFIT MANAGEMENT, SCHOOL OF NURSING, SCHOOL OF EDUCATION, AND SCHOOL OF MUSIC. THE UNIVERSITY'S SCHOOL OF PROFESSIONAL STUDIES OFFERS AN UNDERGRADUATE DEGREE COMPLETION PROGRAM AS WELL AS A GRADUATE DEGREE IN COUNSELING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH PARK UNIVERSITY PROVIDED UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS TO APPROXIMATELY 2,922 STUDENTS DURING THE YEAR. OF THIS TOTAL, APPROXIMATELY 1,759 STUDENTS WERE UNDERGRADUATES AND 1,163 WERE GRADUATE AND ADULT STUDENTS. THE UNIVERSITY OFFERED 45 UNDERGRADUATE DEGREE MAJORS PLUS 25 CONCENTRATIONS AND PRE-PROFESSIONAL PROGRAMS. THE UNIVERSITY ALSO OFFERED GRADUATE DEGREE PROGRAMS IN BUSINESS ADMINISTRATION, NURSING, EDUCATION, CLINICAL MENTAL HEALTH COUNSELING, MUSIC, AND THEOLOGY. IN ADDITION, THE UNIVERSITY ALSO PROVIDED RESIDENTIAL LIVING FOR APPROXIMATELY 705 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Surridge Npu President, Ex-Officio | OfficerTrustee | 40 | $279,449 |
Scott Stenmark Exec. VP And CFO | Officer | 40 | $178,672 |
Craig Johnson Provost | 40 | $169,389 | |
Anthony Scola VP Enrollment Mgmt./marketing | 40 | $149,862 | |
Ann Hicks Dean Sbnm / Prof. Accounting | 40 | $119,988 | |
John Born Avp Athletics & Sport Mgmt. | 40 | $115,833 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Corp Food Service Provider | 6/29/21 | $1,876,270 |
Sentinel Technologies It Solutions | 6/29/21 | $729,520 |
Imperial Service Systems Facility Maint/cleaning Svc | 6/29/21 | $855,966 |
Indianapolis Star News / Advertising | 6/29/21 | $588,906 |
Chicago Commercial Construction Construction | 6/29/21 | $491,556 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,109,486 |
| Noncash contributions included in lines 1a–1f | $127,454 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,109,486 |
| Total Program Service Revenue | $69,624,286 |
| Investment income | $3,290,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $179,928 |
| Net Gain/Loss on Asset Sales | $6,290,309 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,494,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,535,003 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $653,984 |
| Compensation of current officers, directors, key employees. | $653,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,099,758 |
| Pension plan accruals and contributions | $659,834 |
| Other employee benefits | $3,569,959 |
| Payroll taxes | $1,953,726 |
| Fees for services: Management | $1,853,742 |
| Fees for services: Legal | $104,092 |
| Fees for services: Accounting | $105,989 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,827,701 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,374,522 |
| Office expenses | $321,403 |
| Information technology | $1,492,756 |
| Royalties | $0 |
| Occupancy | $3,447,597 |
| Travel | $183,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,029,852 |
| Payments to affiliates | $254,919 |
| Depreciation, depletion, and amortization | $6,792,700 |
| Insurance | $416,509 |
| All other expenses | $6,524,055 |
| Total functional expenses | $92,946,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,855,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,103,527 |
| Accounts receivable, net | $6,763,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,358,970 |
| Net Land, buildings, and equipment | $114,502,297 |
| Investments—publicly traded securities | $163,882,513 |
| Investments—other securities | $40,174,295 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,694,466 |
| Total assets | $342,334,574 |
| Accounts payable and accrued expenses | $8,178,379 |
| Grants payable | $0 |
| Deferred revenue | $1,663,769 |
| Tax-exempt bond liabilities | $80,575,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $170,321 |
| Other liabilities | $3,577,538 |
| Total liabilities | $94,165,007 |
| Net assets without donor restrictions | $161,023,499 |
| Net assets with donor restrictions | $87,146,068 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $342,334,574 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that North Park University has recieved totaling $26,700.
| Awarding Organization | Amount |
|---|---|
Bjorkman Foundation Carol Stream, IL PURPOSE: UNIVERSITY SCHOLARSHIPS | $10,000 |
Bjorkman Foundation Carol Stream, IL PURPOSE: SEMINARY SCHOLARSHIPS | $9,000 |
Bjorkman Foundation Carol Stream, IL PURPOSE: AR & AE BJORKMAN SCHOLARSHIP | $5,200 |
Bjorkman Foundation Carol Stream, IL PURPOSE: AXELSON CENTER FOR NONPROFIT MGMT | $1,500 |
Carol Wilson And G William Cotts Foundation Burr Ridge, IL PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $76,326,518 |
| Earnings | $20,702,569 |
| Admin Expense | $188,297 |
| Net Contributions | $3,210,873 |
| Other Expense | $2,195,000 |
| Grants | $2,921,258 |
| Ending Balance | $94,935,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Loyola University Of Chicago Chicago, IL | $2,523,912,579 | $813,555,821 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Illinois Institute Of Technology Chicago, IL | $730,458,628 | $396,565,185 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Maryville University Of St Louis St Louis, MO | $289,038,391 | $183,271,161 |
Roosevelt University Chicago, IL | $461,911,353 | $160,424,797 |