North Park University
- Assets
- $342.3m
- Revenue
- $94.5m
- Investments
- $40.2m
- Employees
- 1,258
- 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 06/2023, North Park University employed 1,258 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 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $92.9m during the year ending 06/2021. While expenses have increased by 0.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NORTH PARK UNIVERSITY IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION. THE SCHOOL OFFERS OVER 65 UNDERGRADUATE DEGREE PROGRAMS AS WELL AS PRE-PROFESSIONAL AND CERTIFICATE PROGRAMS. OUR MISSION IS TO PREPARE STUDENTS FOR LIVES OF SIGNIFICANCE AND SERVICE THROUGH LIBERAL ARTS AND THEOLOGICAL STUDIES.
Describe the Organization's Program Activity:
ALL OF OUR PROGRAM EXPENSES SUPPORT THE THE EDUCATION OF A DIVERSE STUDENT BODY IN LIBERAL ARTS BUSINESS AND NURSING
ALL OF OUR PROGRAM EXPENSES SUPPORT THE THE EDUCATION OF A DIVERSE STUDENT BODY IN LIBERAL ARTS BUSINESS AND NURSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Wilburn Director Of Finance | Officer | 37.5 | $124,851 |
Peggy Bley Trustee | Trustee | 2 | $0 |
David Kersten Dean Of Seminary | 37.5 | $145,000 | |
Anthony Scola VP Enrollment Mgt | 37.5 | $160,000 | |
Craig Johnson Provost | 37.5 | $175,000 | |
John Wenrich Ecc President Ex Officio | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Corporation Food Service | 6/29/22 | $769,526 |
Rockwood Insurance Commercial Insurance | 6/29/22 | $691,779 |
Ellucian Company Lp Software Development And Sales | 6/29/22 | $283,734 |
Imperial Service Systems Janitorial & Cleaning Services | 6/29/22 | $859,966 |
Scholarbuys Academic Software | 6/29/22 | $123,080 |
Aramark Corporation Food Service | 6/29/22 | $769,526 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,109,486 |
| 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 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 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 | $0 |
| 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 |
| 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 | $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 | $248,169,567 |