2026-06-08T09:36:51-05:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 361557840 NORTH PARK UNIVERSITY NORT 7732445710 3225 W FOSTER AVENUE CHICAGO IL 60625 SCOTT STENMARK EXECUTIVE VP, CFO 7732445710 2026-06-08 1 1 DAREN DAIGA P01074795 5055022746 2026-06-08 2024 2025-03-06 01:10:19Z MARY SURRIDGE 3225 W FOSTER AVENUE CHICAGO IL 60625 163543551 0 X WWW.NORTHPARK.EDU X 1891 IL TO PREPARE STUDENTS FOR LIVES OF SIGNIFICANCE AND SERVICE THROUGH LIBERAL ARTS & THEOLOGICAL STUDIES. 26 24 1298 180 443611 80499 10404115 13562292 78601176 79985485 6126480 9008666 14089 26165 95145860 102582608 31174870 31967315 0 0 37950263 40641930 111242 83373 2213546 28661234 31618579 97897609 104311197 -2751749 -1728589 331108297 334022006 84813816 81324836 246294481 252697170 X 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. (CONTINUED ON SCHEDULE O)OUR MISSION IS TO PREPARE STUDENTS FOR LIVES OF SIGNIFICANCE AND SERVICE THROUGH LIBERAL ARTS AND THEOLOGICAL STUDIES. 0 0 93010328 31967315 79985485 NORTH PARK UNIVERSITY PROVIDED UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS TO APPROXIMATELY 2,500 STUDENTS DURING THE YEAR. OF THIS TOTAL, APPROXIMATELY 1,800 STUDENTS WERE UNDERGRADUATES AND 700 WERE GRADUATE AND ADULT STUDENTS. THE UNIVERSITY OFFERED 42 UNDERGRADUATE DEGREE MAJORS PLUS 40 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 800 STUDENTS. 93010328 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 3642 0 1 1298 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X ALLISON VALENTIN 7732445710 3225 W FOSTER AVENUE CHICAGO IL 60625 MARY SURRIDGE PRESIDENT AND EX OFFICIO 40.00 X X 311278 0 97552 TAMMY SWANSON-DRAHEIM ECC PRESIDENT EX OFFICIO 5.00 35.00 X 0 108641 135500 DAVID OTFINOSKI CHAIR 5.00 X X 0 0 0 JAY CARSTENBROCK VICE CHAIR 5.00 X X 0 0 0 MARY C MILLER SECRETARY 5.00 X X 0 0 0 DAWN HELWIG TREASURER 5.00 X X 0 0 0 KAREN STEIN EEC EXEC BRD LIAISON 5.00 X 0 0 0 SALLY CARLSON TRUSTEE 5.00 X 0 0 0 SAM CHANG TRUSTEE 5.00 X 0 0 0 GREGORY CRAWFORD TRUSTEE 5.00 X 0 0 0 MARVIN CURTIS TRUSTEE 5.00 X 0 0 0 DAVID DWIGHT TRUSTEE 5.00 X 0 0 0 BETH FREDRICKSON TRUSTEE 5.00 X 0 0 0 REV DR CATHERINE GILLARD TRUSTEE 5.00 X 0 0 0 ARRIEL GRAY JR TRUSTEE 5.00 X 0 0 0 MICHAEL HARPER TRUSTEE 5.00 X 0 0 0 DONNA HARRIS TRUSTEE 5.00 X 0 0 0 PAUL T JOHNSON TRUSTEE 5.00 X 0 0 0 GRICEL MEDINA TRUSTEE 5.00 X 0 0 0 PETER NELSON TRUSTEE 5.00 X 0 0 0 ERIN OLENICZAK TRUSTEE 5.00 X 0 0 0 AARON OLSEN TRUSTEE 5.00 X 0 0 0 CHRISTINE ROSELL TRUSTEE 5.00 X 0 0 0 KRISTIAN WERLING TRUSTEE 5.00 X 0 0 0 ANN WIESBROCK TRUSTEE 5.00 X 0 0 0 DENNIS WOLFF TRUSTEE 5.00 X 0 0 0 CURTIS IVANHOFF TRUSTEE (PART YEAR) 5.00 X 0 0 0 MACIA JIMINEZ TRUSTEE (PART YEAR) 5.00 X 0 0 0 SCOTT STENMARK EXECUTIVE VP, CFO 40.00 X 194604 0 42870 ALLISON VALENTIN DIRECTOR OF FINANCE 40.00 X 156336 0 18117 ANTHONY SCOLA VP ENROLLMENT MGT 40.00 X 207408 0 51499 MICHAEL CARR PROVOST 40.00 X 216598 0 40800 FRANCISCO X GAYTAN VP FOR STUDENT ENGAGEMENT 40.00 X 183192 0 48916 MICHAEL NEVERGALL VP ADVANCEMENT 40.00 X 180238 0 43488 DENNIS EDWARDS VP OF CHURCH RELATIONS 40.00 X 145376 0 38469 1595030 108641 517211 48 0 1 0 WB OLSON INC 3235 ARNOLD LANE NORTHBROOK IL 60062 BUILDING SERVICES 2954529 ARAMARK CORPORATION 1101 MARKET ST PHILADELPHIA PA 19107 FOOD SERVICES 2314578 RISEPOINT LLC 2803 PHILADELPHIA PIKE CLAYMONT DE 19703 EDUCATION & TECH SERVICES 1894890 IMPERIAL SERVICE SYSTEMS INC PO BOX 2938 GLEN ELLYN IL 60138 MAINT/CLEANING SERVICES 1267709 STANTEC ARCHITECTURE 13980 COLLECTIONS CENTER DR CHICAGO IL 60693 ARCHITECTURE SERVICES 657755 47 950000 4371437 8240855 13562292 TUITION AND FEES 611710 71487012 71487012 AUXILIARY ENTERPRISES 611710 7667258 7667258 831215 831215 79985485 5804089 443611 5360478 26165 0 26165 26165 26165 63675284 490236 60693019 267924 2982265 222312 3204577 3204577 102582608 79985485 443611 8591220 31967315 31967315 917567 829950 57686 29931 48350 44494 2255 1601 31879771 29336806 1487026 1055939 1667648 1339087 279575 48986 3991528 3205114 669165 117249 2137066 1716020 358271 62775 250980 250980 120796 120796 83373 83373 548100 548100 8834710 7305783 1470972 57955 1115621 848568 163595 103458 520845 246458 259875 14512 1063174 52695 861142 149337 4386633 4197553 168782 20298 943119 871513 47565 24041 2008417 1933503 65474 9440 5785235 5569446 188599 27190 1369200 38967 1330233 RECRUITING 1608229 1336729 140164 131336 EQUIPMENT & SUPPLIES 1292505 1053011 177490 62004 PROGRAM EVENTS 655096 151433 328563 175100 UBI TAXES 7000 7000 1108919 965883 104015 39021 104311197 93010328 9087323 2213546 7748773 2564682 4441975 1620407 2220880 2436854 1310079 1396801 34387 31591 209500270 99109825 108451483 110390445 88810701 103926744 110312204 103949761 601059 472704 7176756 7232017 331108297 334022006 6679251 5858788 1978454 1931811 73176385 70425752 1350000 1350000 1629726 1758485 84813816 81324836 X 145885549 146111124 100408932 106586046 246294481 252697170 331108297 334022006 X -1728589 6585108 1546170 X 0 1 X 1 1 1 X 15109486 13927414 8040218 10404115 13562292 61043525 15109486 13927414 8040218 10404115 13562292 61043525 8710273 52333252 3526953 4020205 4748312 5386643 17682113 6648 82634 89282 78814920 375518483 0.66400 0.72380 X SCHEDULE A, PART II: THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108329352 3769511 6539595 3962333 1077437 113598688 102913367 4364310 5770849 3657495 1061679 108329352 99496350 3464566 4297440 3256091 1088898 102913367 94935405 3207010 4352698 2984550 14213 99496350 76326518 3210873 20514272 4307205 809053 94935405 0.15870 0.84130 0.00000 1 0 30241614 30241614 163071741 95505398 67566343 7476863 3604427 3872436 8710052 8710052 110390445 US GOVERNMENT 31841732 F CORPORATE 33025701 F MUNICIPAL 206480 F NATIONAL COVENANT PROPERTIES 4091234 F INVESTMENT IN COVENANT TRUST COMPANY 2854627 F PRIVATE EQUITY 31929987 F 103949761 GOVERNMENT ADVANCES FOR STUDENT LOANS 445995 OTHER POST-RETIREMENT BENEFITS 1312490 1758485 78198471 6585108 2999178 9584286 68614185 548100 33420323 33968423 102582608 71795782 0 71795782 548100 31967315 32515415 104311197 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT IS TO PROVIDE SCHOLARSHIPS AND FINANCIAL AID FACULTY SUPPORT TO ESTABLISH CHAIRS AND PROFESSORSHIPS AND SUPPORT SUSTAINABILITY IN ACHIEVING THE MISSION OF THE INSTITUTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE OF NEW IRREVOCABLE TRUSTS, ANNUITIES AND ESTATES 2,999,178. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF IRREVOCABLE TRUSTS, ANNUITIES AND ESTATES 1,453,008. FINANCIAL AID 31,967,315. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 31,967,315. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF ITS WEBSITE AT ALL TIMES DURING ITS TAX YEAR IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS. LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID: NORTH PARK RECEIVES SCHOLARSHIP AID FROM THE US DEPARTMENT OF EDUCATION AS PART OF TITLE IV AS WELL AS GRANT AWARDS BY STATE OF ILLINOIS, FEMA, NATIONAL SCIENCE FOUNDATION, STATE DEPARTMENT, AND NASA. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 112254 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 84737 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 37476 0 0 0 0 0 0 234467 0 234467 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION TRACKED EXPENDITURES IN ACCORDANCE WITH ACCRUAL BASIS OF ACCOUNTING. X X X X X X X 1 BENZ WHALEY FLESSNER & ASSOCIATES INC 7900 XERXES AVE STE 980 MINNEAPOLIS MN 55431 CAMPAIGN COUNSEL 0 0 83373 -83373 83373 -83373 IL SCHEDULE G, PART I, LINE 2B, COLUMN (IV): THE PROFESSIONAL FUNDRAISING SERVICES WERE CONSULTING IN NATURE, NO GROSS RECEIPTS WERE DIRECTLY GENERATED FROM THE SERVICES PROVIDED. 1 GRADUATE/ADULT 469 1655050 SEMINARY 177 767912 TRADITIONAL UNDERGRADUATE 1818 29544353 PART I, LINE 2: FINANCIAL AID TRACKS ELIGIBILITY AND AWARDING OF SCHOLARSHIPS FOR STUDENTS. THE OFFICE OF SPONSORED PROJECTS TRACKS ALL OTHER GRANTS IN CONJUNCTION WITH THE PROVOST'S OFFICE. THE BUSINESS OFFICE DISTRIBUTES SAID AWARDS TO STUDENTS AND BUSINESSES, WHILE HUMAN RESOURCES DISTRIBUTES GRANT FUNDED PAYROLL PAYMENTS TO STUDENTS, FACULTY, AND STAFF WHO ARE EMPLOYEES. NO CASH CHANGES HANDS AND FUNDS ARE DIRECTLY TIED TO STUDENT ACCOUNTS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARY SURRIDGE PRESIDENT AND EX OFFICIO 310090 0 0 0 1188 0 32145 0 65407 0 408830 0 0 0 ANTHONY SCOLA VP ENROLLMENT MGT 207228 0 0 0 180 0 21859 0 29640 0 258907 0 0 0 MICHAEL CARR PROVOST 215824 0 0 0 774 0 22470 0 18330 0 257398 0 0 0 TAMMY SWANSON-DRAHEIM ECC PRESIDENT EX OFFICIO 0 108245 0 0 0 396 0 57500 0 78000 0 244141 0 0 SCOTT STENMARK EXECUTIVE VP, CFO 193838 0 0 0 766 0 14867 0 28003 0 237474 0 0 0 FRANCISCO X GAYTAN VP FOR STUDENT ENGAGEMENT 182797 0 0 0 395 0 19291 0 29625 0 232108 0 0 0 MICHAEL NEVERGALL VP ADVANCEMENT 180072 0 0 0 166 0 18726 0 24762 0 223726 0 0 0 DENNIS EDWARDS VP OF CHURCH RELATIONS 144404 0 0 0 972 0 17311 0 21158 0 183845 0 0 0 ALLISON VALENTIN DIRECTOR OF FINANCE 156197 0 0 0 139 0 12872 0 5245 0 174453 0 0 0 PART I, LINE 1A THE PRESIDENT'S SPOUSE OCCASIONALLY TRAVELS WITH HER FOR COLLEGE RELATED BUSINESS. THE TRAVEL IS FOR A BONA-FIDE BUSINESS PURPOSE AND IS THEREFORE TREATED AS NONTAXABLE. AS A CONDITION OF EMPLOYMENT, AND AS A CONVENIENCE TO THE UNIVERSITY, THE PRESIDENT IS PROVIDED A HOME ON UNIVERSITY GROUNDS. THE HOME IS PROVIDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT. DUES PAID FOR THE PRESIDENT WERE CONSIDERED A BONA-FIDE BUSINESS EXPENSE FOR NETWORKING OPPORTUNITIES BENEFICIAL TO THE INSTITUTION. A ILLINOIS FINANCE AUTHORITY 861091967 000000000 2012-10-17 30000000 CAPITAL IMPROVEMENTS AND DEBT REFINANCING 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 000000000 2022-06-08 51470000 REFUNDING OF THE 1999 AND 2005 BONDS 0 0 0 A 2875000 30000000 307026 29692974 2014 0 0 1 1 B 6745000 51470000 366956 51103044 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 COVENANT TRUST COMPANY SUBSTANTIAL CONTRIBUTOR 1316665 CAPITAL CONTRIBUTION 0 KIERSTEN STENMARK FAMILY MEMBER OF SCOTT STENMARK, EXECUTIVE VP, CFO 47350 COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS COMPOSED OF THE CHAIR, VICE CHAIR, SECRETARY, TREASURER, ONE AT LARGE MEMBER, THE PRESIDENT OF THE UNIVERSITY, AND THE PRESIDENT OF THE EVANGELICAL CHURCH (ECC). THIS COMMITTEE, TO THE EXTENT PERMITTED BY LAW, AND WITHIN THE CLEARLY ESTABLISHED BOARD OF TRUSTEE POLICY OR AS INSTRUCTED BY THE BOARD OF TRUSTEES, MAY EXERCISE THE AUTHORITY OF THE TRUSTEES BETWEEN MEETINGS OF THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS THE EVANGELICAL COVENANT CHURCH (ECC), AN ILLINOIS NOT FOR PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A NO LESS THAN TWELVE (12) AND AND NO MORE THAN TWENTY-THREE (23) INDIVIDUALS SHALL BE ELECTED AS ECC ELECTED TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING MATTERS REQUIRE THE APPROVAL OF THE ECC BOARD, ACTING ON BEHALF OF THE ECC, AND IN FURTHERANCE OF THE POWERS RESERVED BY THE ECC AS THE MEMBER OF THE UNIVERSITY: - COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY AND THE DEAN OF NORTH PARK SEMINARY; - THE UNIVERSITY'S STRATEGIC PLAN; - THE UNIVERSITY'S MISSION STATEMENT; - MAJOR CHANGES IN UNIVERSITY POLICY; - AMENDMENTS TO THE UNIVERSITY'S ARTICLES OF INCORPORATION, AND CONSTITUTION AND BYLAWS; - MERGER OR DISSOLUTION OF THE UNIVERSITY; - CREATION OF UNIVERSITY AFFILIATES OR SUBSIDIARIES; - SELECTION OF AUDITORS; - FISCAL YEAR; - BORROWING IN EXCESS OF $1,500,000 OR SUCH LARGER DOLLAR LIMIT AS SPECIFIED BY THE ECC BOARD, OTHER THAN SEASONAL UTILIZATION OF A LINE OF CREDIT PREVIOUSLY APPROVED BY THE ECC BOARD; - DISPOSITION, BUYING, LEASING, SELLING OR ENCUMBRANCE OF REAL PROPERTY BELONGING TO THE UNIVERSITY WITH A CONSIDERATION IN EXCESS OF $1,500,000 OR LARGER DOLLAR LIMIT AS SPECIFIED BY THE ECC BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. HR IS RESPONSIBLE FOR REVIEWING THE SIGNED STATEMENTS FOR OFFICERS AND THE OFFICE OF THE PRESIDENT REVIEWS THE BOARD MEMBERS' STATEMENTS AND ENSURES THAT INTERESTED PERSONS ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE CFO REVIEWS THE CONFLICT, REPORTS TO THE FINANCE COMMITTEE AND THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A - THE COMMITTEE ON TRUSTEES DETERMINES THE COMPENSATION FOR THE PRESIDENT AND RECOMMENDS AN AMOUNT TO BE APPROVED BY THE FULL BOARD OF TRUSTEES. ONCE APPROVED BY THE FULL BOARD OF TRUSTEES A RECOMMENDATION GOES TO ECC BOARD FOR APPROVAL. DURING THEIR REVIEW PROCESS, THE COMMITTEE ON TRUSTEES REVIEWS COMPARABLE COMPENSATION PACKAGES FOR SIMILAR POSITIONS AT OTHER COLLEGES AND UNIVERSITIES. THE COMMITTEE ALSO EMPLOYED A CONSULTANT TO ASSIST WITH THE PROCESS. LINE 15B - THE SALARIES OF OTHER OFFICERS ARE ESTABLISHED BY THE PRESIDENT AND THE HUMAN RESOURCES SENIOR DIRECTOR, CONSIDERING THE COMPARATIVE SALARIES OF EQUIVALENT POSITIONS AT UNIVERSITIES SIMILAR IN SIZE AND COMPLEXITY TO NORTH PARK. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PRESENT VALUE OF NEW IRREVOCABLE TRUSTS, ANNUITIES AND ESTATES 2,999,178. CHANGE IN VALUE OF IRREVOCABLE TRUSTS, ANNUITIES AND ESTATES -1,453,008. EVANGELICAL COVENANT CHURCH 8303 W HIGGINS CHICAGO IL 60631 362167730 CHURCH DENOMINATION IL 501(C)(3) LINE 1 N/A 0 NATIONAL COVENANT PROPERTIES 8303 W HIGGINS CHICAGO IL 60631 237091306 MINISTRY INVESTMENTS IL 501(C)(3) LINE 1 EVANGELICAL COVENANT CHURCH 0 COVENANT MINISTRIES OF BENEVOLENCE 4055 W PETERSON AVE CHICAGO IL 60646 363486813 SUPPORT SERVICES IL 501(C)(3) LINE 12A, I EVANGELICAL COVENANT CHURCH 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0