North Central College
- Assets
- $398.2m
- Revenue
- $135.8m
- Investments
- $23.3m
- Employees
- 1,622
- Location
- Naperville, IL
- Founding
- 07/1940
- Data as of
- 06/2021
- EIN
- 36-2169157
Organization Overview
North Central College is located in Naperville, IL. The organization was established in 1940. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, North Central College employed 1,622 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Central College 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 Central College generated $135.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $131.9m during the year ending 06/2021. While expenses have increased by 1.8% per year over the past 7 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
WE ARE A DIVERSE COMMUNITY OF LEARNERS DEDICATED TO PREPARING STUDENTS TO BE CURIOUS, ENGAGED, ETHICAL, AND PURPOSEFUL CITIZENS AND LEADERS IN LOCAL, NATIONAL AND GLOBAL CONTEXTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION, ACADEMIC SUPPORT, ACADEMIC ADVISING & FINANCIAL AID, FACULTY INSTRUCTION FOR DEGREE CANDIDATES, AND MASTER'S DEGREE PROGRAMS ARE PROVIDED. 90% OF THE FULL-TIME TEACHING FACULTY MEMBERS HAVE A DOCTORATE OR TERMINAL DEGREE. PROVOST, LIBRARY SERVICES, DISABILITIES SUPPORT SERVICES, TUTORING ASSISTANCE, AND ACADEMIC COMPUTING ARE INCLUDED IN ACADEMIC SUPPORT.
AUXILIARY SERVICES INCLUDE RESIDENCE LIFE, STUDENT HOUSING, AND FOOD SERVICES. FACILITIES INCLUDE A FULL-SERVICE DINING HALL AND RETAIL FOOD OPTIONS. THE COLLEGE STORE AND STUDENT GATHERING SPACES. APPROXIMATELY 1,201 OF THE FULL-TIME STUDENTS RESIDE IN COLLEGE-OWNED PROPERTIES. 100% OF RESIDENT STUDENTS ARE REQUIRED TO PURCHASE A MEAL PLAN.
STUDENT SERVICES AND ATHLETICS INCLUDE ADMISSIONS, INTERNATIONAL RECRUITING, FINANCIAL AID ADMINISTRATION EXPENSES, REGISTRAR, DEAN OF STUDENTS, MINISTRY AND SERVICE, CAREER DEVELOPMENT, THE WELLNESS CENTER, STUDENT INVOLVEMENT, ORIENTATION, MULTICULTURAL AFFAIRS, AND ATHLETIC ACTIVITIES. NCC MAINTAINS 27 NCAA DIVISION III PROGRAMS (13 MALE AND 14 FEMALE VARSITY SPORTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair, Business Affairs | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair, Institutional Advancement | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair, Enrollment And Student Affairs | OfficerTrustee | 1 | $0 |
Name Not Listed Chair Of The Board | OfficerTrustee | 20 | $0 |
Name Not Listed Board Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair, Academic Affairs | OfficerTrustee | 1 | $15,441 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food Services And Hospitality | 6/29/22 | $5,744,254 |
Pepper Construction Construction Services | 6/29/22 | $3,444,808 |
Diverse Facility Solutions Inc Cleaning Services | 6/29/22 | $1,275,903 |
Musco Sports Lighting Llc Construction Services | 6/29/22 | $949,128 |
Cdw Government Inc It Services | 6/29/22 | $739,237 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,047,234 |
| Investment income | $2,204,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,156 |
| Net Gain/Loss on Asset Sales | $822,047 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,795,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $55,610,688 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,907,741 |
| Compensation to disqualified persons | $319,811 |
| Other salaries and wages | $31,036,666 |
| Pension plan accruals and contributions | $1,873,792 |
| Other employee benefits | $3,900,834 |
| Payroll taxes | $2,335,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $182,078 |
| Fees for services: Accounting | $136,736 |
| Fees for services: Lobbying | $60,360 |
| Fees for services: Fundraising | $2,706 |
| Fees for services: Investment Management | $305,911 |
| Fees for services: Other | $1,531,344 |
| Advertising and promotion | $818,228 |
| Office expenses | $1,661,893 |
| Information technology | $883,749 |
| Royalties | $10,045 |
| Occupancy | $8,129,705 |
| Travel | $489,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,678 |
| Interest | $2,573,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,595,773 |
| Insurance | $182,767 |
| All other expenses | $0 |
| Total functional expenses | $131,929,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,039,894 |
| Pledges and grants receivable | $2,806,545 |
| Accounts receivable, net | $2,848,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,584,370 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,745,688 |
| Investments—publicly traded securities | $121,870,218 |
| Investments—other securities | $23,287,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $192,057 |
| Total assets | $398,179,906 |
| Accounts payable and accrued expenses | $8,580,644 |
| Grants payable | $0 |
| Deferred revenue | $2,425,366 |
| Tax-exempt bond liabilities | $90,524,214 |
| 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 | $0 |
| Other liabilities | $9,316,278 |
| Total liabilities | $110,846,502 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $287,333,404 |