2024-05-10T14:41:30+00:00 2023-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-07-01 362169157 North Central College NORT 6306375680 30 N Brainard Street Naperville IL 60540 Maryellen J Skerik Vice President for Finance 2024-05-10 true Maryellen Skerik 999009999 Jennifer Burke P01342224 3128997000 2022 2023-04-26 12:10:37Z Dr Anita Thomas 30 N Brainard Street Naperville IL 60540 165864480 false X www.northcentralcollege.edu X 1861 IL 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. 39 36 1621 100 280233 -99260 13966943 11066766 121742055 122515034 11596683 4256656 1050239 2222407 148355920 140060863 56891716 58026367 0 43711163 46942266 2013 0 1785205 42404216 42470149 143009108 147438782 5346812 -7377919 360900664 362255957 94658880 93339893 266241784 268916064 See Schedule O false false 101370340 58026367 105932260 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. 17718508 508314 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). 17145682 0 16074460 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 1,270 OF THE FULL-TIME STUDENTS RESIDE IN COLLEGE-OWNED PROPERTIES. 100% OF RESIDENT STUDENTS ARE REQUIRED TO PURCHASE A MEAL PLAN. 136234530 true true false true false false true false true true true false false true true true false true false true false false false false false false false true true true false false false false false false false true true true true false false false false true false false false true 3915 0 true 1621 true true true false false false false true true false false true false true false X 39 36 true false false false false false false true true false false true true true true true true true true false IL X Maryellen J Skerik 6306375678 30 N Brainard Street Naperville IL 60540 X ANDREA BECK Vice-Chair for Business Affairs 1.0 X X 0 0 0 ERIN L BISHOP Vice-Chair for Student Affairs 1.0 X X 0 0 0 ESTHER T BENJAMIN Vice-Chair for Enrollment Management 1.0 X X 0 0 0 HOLLY HUMPHREY CHAIR 1.0 X X 0 0 0 JOHN KALTENMARK Vice-Chair for Institutional Advancement 1.0 X X 0 0 0 KEVIN M GENSLER Board Secretary 1.0 X X 0 0 0 MAUREEN RYAN Vice-Chair for Academic Affairs 1.0 X X 0 0 0 TROY HAMMOND PRESIDENT (until 8/11/22) 60.0 X X 509026 0 79218 ALI SETORK TRUSTEE 1.0 X 0 0 0 ANNETTE KENNEY TRUSTEE 1.0 X 0 0 0 Carli Franks Trustee (partial year) 1.0 X 0 0 0 CONNOR MCGURY TRUSTEE 1.0 X 0 0 0 DANIEL SCHWERIN Trustee 1.0 X 0 0 0 DAVID W KELSCH TRUSTEE 1.0 X 0 0 0 DONALD SHARP TRUSTEE 1.0 X 0 0 0 GERALD MCCADD Trustee 1.0 X 0 0 0 HEE-SOO JUNG TRUSTEE 1.0 X 0 0 0 INSUN HO TRUSTEE 1.0 X 0 0 0 JAMES A MCDERMET TRUSTEE 1.0 X 0 0 0 JEFF OESTERLE TRUSTEE 1.0 X 0 0 0 JEFFREY K SWALLOW TRUSTEE 1.0 X 0 0 0 JONATHAN DESOUZA TRUSTEE 1.0 X 0 0 0 JOSEPH MALLON TRUSTEE 1.0 X 0 0 0 KATHRYN BIRKETT TRUSTEE 1.0 X 0 0 0 KATHY GUTHRIE Trustee 1.0 X 0 0 0 KRIS HARTNER TRUSTEE 1.0 X 0 0 0 LEE WOOLLEY TRUSTEE 1.0 X 0 0 0 MARIA E WYNNE TRUSTEE 1.0 X 0 0 0 MATTHEW S BRILL TRUSTEE 1.0 X 0 0 0 MICHAEL R NASET TRUSTEE 1.0 X 0 0 0 NANCY HANSON TRUSTEE 1.0 X 0 0 0 PETER P JONES TRUSTEE 1.0 X 0 0 0 RAY KINNEY TRUSTEE 1.0 X 0 0 0 ROWENA SALAS TRUSTEE 1.0 X 0 0 0 SANJEEB KHATUA TRUSTEE 1.0 X 0 0 0 SCOTT WEHRLI TRUSTEE 1.0 X 0 0 0 STEPHEN T SELLERS TRUSTEE 1.0 X 0 0 0 STEVEN H HOEFT Trustee 1.0 X 0 0 0 STEVEN RUBIN TRUSTEE 1.0 X 0 0 0 TOM MIERS TRUSTEE 1.0 X 0 0 0 TRACI MORRIS TRUSTEE 1.0 X 0 0 0 ABIODUN GOKE-PARIOLA PROVOST/VP FOR ACADEMIC AFFAIRS 60.0 X 239450 0 49259 ADRIAN ALDRICH VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 60.0 X 148151 0 40134 JAMES GODO VP COMMUNICATION AND STRATEGIC INITIATIVES 60.0 X 172180 0 17848 JESSICA BROWN VP FOR ENROLLMENT MANAGEMENT AND ATHLETICS 60.0 X 159503 0 15762 MARYELLEN SKERIK VP FOR FINANCE 60.0 X 198389 0 28705 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 60.0 X 180224 0 43117 MICHAEL HUDSON VP FOR OPERATIONS 60.0 X 179992 0 47626 FRANK HARWATH PROF/DIRECTOR OF ENGINEERING 50.0 X 144648 0 27529 MARY GROLL DIRECTOR PHYSICIAN ASSISTANT PROGRAM 50.0 X 148603 0 27626 PETER BARGER ASSOCIATE PROVOST/DIRECTOR OF INSTITUTION EFFECTIVENESS AND ACADEMIC AFFAIRS 50.0 X 149018 0 23018 SARA SCHOLTES CHAIR OF DEPARTMENT OF PHYSICAL THERAPY 50.0 X 147036 0 17055 THOMAS CAVENAGH PROFESSOR/DIRECTOR OF LEADERSHIP ETHICS AND VALUE 50.0 X 155676 0 16782 2531896 0 433679 60 false true false CHARTWELLS 2250 N SHEFFIELD CHICAGO IL 60614 FOOD SERVICES AND HOSPITALITY 5834860 PEPPER CONSTRUCTION 643 N ORLEANS ST CHICAGO IL 60654 CONSTRUCTION SERVICES 1837326 DIVERSE FACILITY SOLUTIONS INC 12838 S Cicero Ave ALSIP IL 60803 CLEANING SERVICES 1615399 Witt Kiefer 2015 Spring Road Oak Brook IL 60523 Interim Staffing 969605 Power Digital Marketing 2251 San Diego Ave Suite A250 San Diego CA 92110 Digital Marketing 315000 17 2733421 8333345 430495 11066766 TUITION (INCLUDING FINANCIAL AID) 611600 105507587 105507587 STUDENT HOUSING/AUXILIARY ENTERPRISES 721310 16074460 16074460 STUDENT FEES 611600 327539 327539 OTHER INSTRUCTION 611600 198139 198139 OTHER ATHLETIC,ACADEMIC, AND ADMIN 611600 180775 180775 226534 226534 0 0 122515034 2670953 -11184 2682137 0 0 0 0 1382110 115441 1266669 0 1266669 291417 975252 27273879 25688176 1585703 0 1585703 1585703 0 0 0 0 0 THEATRE GATE RECEIPTS 711130 320549 320549 PARKING FINES/FEES 812930 284134 284134 ATHLETIC GATE RECEIPTS 611600 47451 47451 303604 0 0 303604 955738 140060863 122515034 280233 6198830 58026367 58026367 2468736 1061275 1018112 389349 284871 284871 35113551 32579705 1938354 595492 2588554 2403897 113176 71481 3803481 2443037 1309659 50785 2683073 2430119 182444 70510 213802 106584 94379 12839 121585 24317 97268 60360 60360 271592 54318 217274 3226613 2144896 991440 90277 1846624 1152112 606327 88185 1151129 1128492 -14066 36703 1892495 1169984 720160 2351 5914 5914 9779476 9003930 730210 45336 1633659 1571004 18522 44133 314258 290096 21453 2709 2444987 2359121 85866 8422049 8126272 295777 243538 243538 Food Service 4859972 4859972 Hospitality 1535308 1140109 286097 109102 Dues & Subscriptions 1186130 1011604 71408 103118 Loss on Disposal of Asset 1064168 1064168 2196490 1548828 635187 12475 147438782 136234530 9419047 1785205 33633547 29793557 1779338 1148037 1887357 1778081 0 0 5300420 4757500 3041122 2153611 310337591 117902604 196289102 192434987 95057140 103474474 23912638 25312878 0 0 1402832 360900664 362255957 6480654 6092203 2053870 4038320 83519905 81921599 0 2604451 1287771 94658880 93339893 X 180244265 176788071 85997519 92127993 266241784 268916064 360900664 362255957 X -7377919 7744597 0 0 0 2307602 X false true X true true true X 16749525 8357268 12047234 13966943 11066766 62187736 0 0 16749525 8357268 12047234 13966943 11066766 62187736 15662881 46524855 3118953 3381004 2008049 2503016 4053063 15064085 0 0 0 0 0 0 930934 681542 304940 568105 955738 3441259 80693080 605305772 0.5766 0.5928 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - THEATRE RECEIPTS, COLUMN A - 596939.0, COLUMN B - 341181.0, COLUMN C - 47377.0, COLUMN D - 200091.0, COLUMN E - 320549.0, COLUMN F - 1506137.0; DESCRIPTION - PARKING FEES/FINES, COLUMN A - 257910.0, COLUMN B - 272238.0, COLUMN C - 214270.0, COLUMN D - 271948.0, COLUMN E - 284134.0, COLUMN F - 1300500.0; DESCRIPTION - ATHLETIC GATE RECEIPTS, COLUMN A - 25151.0, COLUMN B - 18500.0, COLUMN C - 0.0, COLUMN D - 34017.0, COLUMN E - 47451.0, COLUMN F - 125119.0; DESCRIPTION - OTHER, COLUMN A - 50934.0, COLUMN B - 49623.0, COLUMN C - 43293.0, COLUMN D - 62049.0, COLUMN E - 303604.0, COLUMN F - 509503.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 60360 60360 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY North Central College paid $60,360 to Dixon and Company, Inc. for professional lobbying to secure potential grant funds to further the college's mission and purpose. X X X false 119133580 3687322 11658032 1952549 4648990 180648 127696747 144883225 992723 -20000890 1938692 4381204 421582 119133580 112843418 3361565 33903421 1508840 3448591 267748 144883225 119201462 772336 -1640839 1458262 3669007 362272 112843418 116939127 546055 6750818 1345736 2956197 732605 119201462 0.41 0.38 0.21 true false 8229544 8229544 267016676 90526775 176489901 0 0 34037563 27375829 6661734 1053808 1053808 192434987 Hedge Funds 15034660 F RE Fund 3679653 F Private Equity 5251950 F Charitable Remainder Trust 166735 F Perpetual Trust 1179880 F 25312878 REFUNDABLE LOAN 258401 INTEREST RATE SWAP OTHER LONG-TERM LIABILITY Split Interest Agreements 1029370 1287771 X 89894534 7744597 0 0 -58026367 -50281770 140176304 -115441 -115441 140060863 89527856 115441 115441 89412415 58026367 58026367 147438782 Schedule D, Part III, Line 4 Collections of art - description of collections THE NORTH CENTRAL COLLEGE ARCHIVES CONSISTS OF MANUSCRIPTS, PUBLICATIONS, PHOTOGRAPHS, AUDIO-VISUAL MATERIALS, ARTIFACTS, AND OTHER UNIQUE HISTORICAL MATERIALS. The Archives has four main collections: the North Central College Archives, 1861-present, the Shimer College Archives, 1868-2017, the Harris W. Fawell Congressional Papers, and the Suburban Student Archives. Schedule D, Part V, Line 4 Intended uses of endowment funds The INTENDED USE OF ENDOWMENT FUNDS EARNINGS FROM ENDOWMENT FUNDS ARE USED FOR PURPOSES SPECIFIED BY DONORS, INCLUDING : SCHOLARSHIPS, FACULTY SALARIES AND ACADEMIC PROGRAMS, AND GENERAL OPERATIONS OF THE COLLEGE. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FASB ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS AS THE COLLEGE'S UNRELATED BUSINESS INCOME WAS OFFSET BY THE EXPENSES DIRECTLY CONNECTED WITH THE CONDUCT OF THE ACTIVITY CREATING A NET OPERATING LOSS. THERE ARE NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF ACTIVITIES OR STATEMENTS OF FINANCIAL POSITION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Financial Aid - -58026367 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Rental Expense - -115441 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expense - 115441 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid - 58026367 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The College posts its policy on its website and distributes it annually. North Central College is committed to maintaining a positive learning, working, social and residential environment. In pursuit of these goals and to ensure compliance with local, state and federal civil rights laws and regulations, the College will not tolerate acts of discrimination, harassment, sexual misconduct and retaliation as such behavior seriously undermines the College's effectiveness as an educational institution and a workplace and values of equity, diversity, and inclusion. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT NORTH CENTRAL COLLEGE APPLIES FOR AND RECEIVES EDUCATIONAL GRANTS, AS APPROVED ON A CASE-BY-CASE BASIS, FROM FEDERAL AND STATE AGENCIES. THE COLLEGE ALSO PARTICIPATES ANNUALLY IN FEDERAL & STATE FINANCIAL PROGRAMS, SPECIFICALLY PELL, SEOG, FEDERAL WORK STUDY, FEDERAL DIRECT LOANS, AND VARIOUS OTHER STATE OF ILLINOIS GRANT PROGRAMS FOR QUALIFIED STUDENTS. THE FEDERAL GRANTS AND LOANS ARE REPORTED IN THE COLLEGE'S A-133 SINGLE AUDIT. During the tax year ending 6/30/2023, the college received higher education emergency relief funds from the U.S. Department of Education, Office of Postsecondary Education due to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Europe (Including Iceland and Greenland) 0 3 Program Services STUDY ABROAD 128081 South Asia 0 0 Program Services RECRUITING 25389 Central America and the Caribbean 0 0 Investments 13647548 0 3 0 0 0 3 13801018 0 13801018 true false true false true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH ASIA-Accrual true ACADEMIC SCHOLARSHIPS & GRANTS 2522 58026367 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE COLLEGE PROVIDES SCHOLARSHIPS TO STUDENTS MATRICULATING AT THE COLLEGE, ALL FUNDS ISSUED TO STUDENTS ARE REQUIRED TO DEFRAY THE COST OF TUITION AND NO STUDENT MAY USE THE FUNDS FOR OTHER THAN EDUCATIONAL PURPOSES. SINCE THE STUDENTS HAVE NO DISCRETION IN THE USE OF THE FUNDS, THE COLLEGE DOES NOT NEED TO MONITOR THE GRANTS ONCE ISSUED. X X X X true true X X X X false false false false false false false true false TROY HAMMOND PRESIDENT (until 8/11/22) 413141 0 75000 0 20885 0 28975 0 50243 0 588244 0 0 0 ABIODUN GOKE-PARIOLA PROVOST/VP FOR ACADEMIC AFFAIRS 219240 0 15000 0 5210 0 22315 0 26944 0 288709 0 0 0 MICHAEL HUDSON VP FOR OPERATIONS 168891 0 10000 0 1101 0 19445 0 28181 0 227618 0 0 0 MARYELLEN SKERIK VP FOR FINANCE 186031 0 10000 0 2358 0 18145 0 10560 0 227094 0 0 0 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 169149 0 10000 0 1075 0 17266 0 25851 0 223341 0 0 0 JAMES GODO VP COMMUNICATION AND STRATEGIC INITIATIVES 166216 0 5000 0 964 0 17430 0 418 0 190028 0 0 0 ADRIAN ALDRICH VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 142544 0 5000 0 607 0 16328 0 23806 0 188285 0 0 0 JESSICA BROWN VP FOR ENROLLMENT MANAGEMENT AND ATHLETICS 153936 0 5000 0 567 0 9308 0 6454 0 175265 0 0 0 MARY GROLL DIRECTOR PHYSICIAN ASSISTANT PROGRAM 148212 0 0 0 391 0 9270 0 18356 0 176229 0 0 0 THOMAS CAVENAGH PROFESSOR/DIRECTOR OF LEADERSHIP ETHICS AND VALUE 155321 0 0 0 355 0 14783 0 1999 0 172458 0 0 0 FRANK HARWATH PROF/DIRECTOR OF ENGINEERING 144295 0 0 0 353 0 12505 0 15024 0 172177 0 0 0 PETER BARGER ASSOCIATE PROVOST/DIRECTOR OF INSTITUTION EFFECTIVENESS AND ACADEMIC AFFAIRS 148655 0 0 0 363 0 15521 0 7497 0 172036 0 0 0 SARA SCHOLTES CHAIR OF DEPARTMENT OF PHYSICAL THERAPY 146658 0 0 0 378 0 8961 0 8094 0 164091 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments TAX GROSS-UPS WERE PAID TO VARIOUS INDIVIDUALS DURING THE YEAR. THE FAIR VALUE WAS INCLUDED IN THEIR ANNUAL TAXABLE INCOME. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE PRESIDENT OF THE COLLEGE IS THE ONLY EMPLOYEE WHO RECEIVES A HOUSING BENEFIT. HOUSING IS REQUIRED AS A CONDITION OF EMPLOYMENT AND IS THEREFORE NOT TAXABLE COMPENSATION. THE PRESIDENT'S CONTRACT STIPULATED THE COLLEGE SHALL PAY ALL UTILITIES, REAL ESTATE TAXES, INSURANCE AND EXPENSE FOR MAINTENANCE AND UPKEEP FOR THE PRESIDENTIAL RESIDENCE, AS THE RESIDENCE IS REGULARLY USED FOR COLLEGE BUSINESS. THE COLLEGE HAS DETERMINED THE VALUE OF THE USE IS NOT CONSIDERED TAXABLE INCOME. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE COLLEGE PRESIDENT INCURS COUNTRY CLUB DUES FOR ENTERTAINMENT/FUNDRAISING PURPOSES FOR THE DIRECT BENEFIT OF THE COLLEGE. PAYMENTS ARE TAXABLE. Schedule J, Part I, Line 1a Personal services CLEANING SERVICES: AN OUTSIDE SERVICE IS USED AS NEEDED TO PROVIDE CLEANING SERVICES NECESSARY FOR THE FUNCTION OF THE PRESIDENT'S HOUSE. THE PAYMENT FOR SUCH ITEMS ARE TAXABLE TO THE PRESIDENT FOR THE PERSONAL SPACES OF THE HOUSE. Schedule J, Part I, Line 7 Non-fixed payments ALL BONUSES ARE DISCRETIONARY AND NOT A FIXED AMOUNT OR PERCENTAGE OF COMPENSATION. THE PRESIDENT'S BONUS IS APPROVED BY THE NCC COMPENSATION COMMITTEE. A Illinois Finance Authority 861091967 000000000 2014-12-04 33953000 SEE SUPPLEMENTAL INFORMATION false false false B Illinois Finance Authority 861091967 000000000 2014-12-04 32206000 SEE SUPPLEMENTAL INFORMATION false false false C ILLINOIS FINANCE AUTHORITY 861091967 000000000 2015-07-09 30177000 SEE SUPPLEMENTAL INFORMATION false false false D ILLINOIS FINANCE AUTHORITY 861091967 000000000 2020-05-28 21524000 SEE SUPPLEMENTAL INFORMATION false false false A 0 0 33958589 0 0 0 203325 0 0 0 33755264 0 2014 true false true true B 6220000 0 32206000 0 0 0 206000 0 0 22000000 10000000 0 2014 true false true true C 27910024 0 30177000 0 0 0 177000 0 0 30000000 0 0 2015 false false true true D 1308000 0 21524000 0 749462 0 274538 0 0 20500000 0 0 2020 false false true true A false false true true false 0.014 0.0 0.014 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false false false 0.0 0.0 0.0 false false true A false false false true true true Bank of Montreal 10.0 false false false false true B false false false true true true PNC Bank 30.0 false false false false true C false false false true true false false false true D false true false false true false false false true A true B true C true D true Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE - SERIES 2014A The bonds were issued to refund all outstanding bonds issued in 2008, $17,000,000, 1998, $14,500,000 and the 2008 Bonds' swap termination $2,249,675. Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE - SERIES 2014B The bonds were issued to refund the 1999 bonds, $10,000,000, and to finance the planning, design, acquisition, construction, furnishing and equipping of a new residence hall, $22,000,000. Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE - SERIES 2015 THE BONDS WERE ISSUED TO FINANCE OR REIMBURSE THE COLLEGE FOR THE COSTS OF THE PLANNING, DESIGN, ACQUISITION, CONSTRUCTION, FURNISHING AND EQUIPPING OF A SCIENCE CENTER. Schedule K, Part I, Column (f) DESCRIPTION OF PURPOSE - SERIES 2020 THE BONDS WERE ISSUED TO FINANCE OR REIMBURSE THE COLLEGE FOR THE COSTS OF THE PLANNING, DESIGN, ACQUISITION, CONSTRUCTION, FURNISHING AND EQUIPPING OF A HEALTH SCIENCE CENTER. Schedule K, Part II, Line 3 Bond A: TOTAL PROCEEDS OF ISSUE (12/04/2014 ISSUANCE) TOTAL AMOUNT OF PROCEEDS REPORTED ON LINE 3 DOES NOT MATCH THE ISSUE PRICE REPORTED IN PART I, COLUMN (C) DUE TO INTEREST ON PROJECT FUNDS. Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: Illinois Finance Authority Na Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 12/04/2019 Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: Illinois Finance Authority NA Schedule K, Part IV, Line 2c COLUMN B Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 12/04/2019 Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: ILLINOIS FINANCE AUTHORITY NA Schedule K, Part IV, Line 2c COLUMN C Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 07/09/2020 Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: ILLINOIS FINANCE AUTHORITY na ADVANCED DATA TECHNOLOGIES INC David Kelsch, BOARD MEMBER, is also the president and CEO of Advanced Data Technologies Inc. 420480 TECHNOLOGY false BRAD SPENCER SON OF HONORARY BOARD MEMBER 134119 EMPLOYMENT false LEILA AZARBAD DAUGHTER OF CURRENT TRUSTEE 97632 EMPLOYMENT false Susan Kane Spouse of former president 50000 Employment false X 6500 430495 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of shares received. Form 990, Part III, Line 1 ORGANIZATION'S MISSION NORTH CENTRAL COLLEGE IS 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. THE COLLEGE SERVES APPROXIMATELY 2,500 FULL-TIME AND PART-TIME STUDENTS. ABOUT 1,250 STUDENTS RESIDE ON THE COLLEGE CAMPUS EACH SEMESTER. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall transact such business as may be referred to it by the Board, and any other business which the interests of the College may require during the intervals between regularly scheduled Board meetings. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons KRIS HARTNER AND DAVID KELSCH - Business relationship, KEVIN GENSLER, RAY KINNEY, AND SCOTT WEHRLI - Business relationship, Jeff Oesterle and Scott Wehrli - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy EACH TRUSTEE COMPLETES AND SIGNS A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY, AND THEY ARE REQUIRED TO ACKNOWLEDGE ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST, BASED ON THE POLICY ADOPTED BY THE BOARD OF TRUSTEES. A TRUSTEE MUST ALSO MAKE CHANGES TO THEIR DISCLOSURE FORM IF THEIR SITUATION CHANGES OR CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST ARISE THROUGHOUT THE YEAR. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION COMMITTEE (A SUB-COMMITTEE OF THE BOARD) IS RESPONSIBLE FOR DETERMINING THE PRESIDENT'S SALARY AND REVIEWING THE VICE PRESIDENT'S SALARIES. THE COMPENSATION COMMITTEE WORKS WITH HUMAN RESOURCES (AND POSSIBLY OUTSIDE CONSULTANTS) TO OBTAIN COMPARABLE SALARY/BENEFIT DATA FROM ORGANIZATIONS SUCH AS THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA). THE COMPENSATION COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD AND TWO ACTIVE TRUSTEES WHO ARE NOT RELATED TO THE PRESIDENT OR VICE PRESIDENTS AND DO NOT PERFORM MANAGEMENT-DIRECTED SERVICES TO THE COLLEGE. THE COLLEGE HAS AN ANNUAL REVIEW OF THEIR COMPENSATION PROCESS. ANNUALLY, EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION COMMITTEE'S RECOMMENDATIONS AND APPROVES THE PRESIDENT'S COMPENSATION. THE VICE PRESIDENT'S COMPENSATION IS BENCHMARKED BASED ON JOB RESPONSIBILITIES. CONTEMPORANEOUS DOCUMENTATION IS MAINTAINED FOR ALL COMPENSATION DECISIONS. Form 990, Part VI, Line 15b Process to establish compensation of other employees SEE NARRATIVE FOR LINE 15A Form 990, Part VI, Line 19 Required documents available to the public THE CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND PUBLIC DISCLOSURE COPIES OF THE 990 AND 990T ARE AVAILABLE TO THE PUBLIC AT NORTH CENTRAL COLLEGE'S WEBSITE WWW.NOCTRL.EDU. Form 990, Part VIII, Line 2f Other Program Service Revenue Non-specific : Private Lessons - Total Revenue: 198115, Related or Exempt Function Revenue: 198115, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Coleman SEA Conference : Other Income - Total Revenue: 5556, Related or Exempt Function Revenue: 5556, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Midwest College Chinese Speech : Other Income - Total Revenue: 18075, Related or Exempt Function Revenue: 18075, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Chemistry : Other Income - Total Revenue: 3511, Related or Exempt Function Revenue: 3511, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; WONC : Other Income - Total Revenue: 877, Related or Exempt Function Revenue: 877, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Project LEAD : Other Income - Total Revenue: 400, Related or Exempt Function Revenue: 400, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Auxiliary Service Commission - Total Revenue: 32106, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 32106; Other Income - Total Revenue: 231979, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 231979; Non-specific : ENACTUS - Gross Margin - Total Revenue: -183, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: -183; Non-specific : Coffee Lab - Gross Margin - Total Revenue: 38698, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 38698; Fine Arts Concessions : Sales -- Food - Total Revenue: 1004, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 1004; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT - 2078400; CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT - 245005; OTHER TRANSFERS - -15803; Form 990, Part VI, Section A, Line 8b Governing Body and Management The Executive Committee shall transact such business as may be referred to it by the Board, and any other business which the interests of the College may require during the intervals between regularly scheduled Board meetings. Charitable Remainder Trusts (7) C/O North Central College 30 N Brainard St Naperville IL 60540 Investment IL na Trust false false false false false false false false false false false false false false false false false false false false