2025-05-13T15:48:20+00:00 2024-06-30 440160260 Forvis Mazars LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2023-07-01 362169157 North Central College NORT 6306375680 30 N BRAINARD STREET NAPERVILLE IL 60540 Maryellen Skerik Vice President for Finance 6306375678 2025-05-13 true true Lauren Denton P01571860 6302829500 2025-05-15 2023 2025-03-06 01:10:19Z Dr Abidn Gk-Pariol 30 N BRAINARD STREET NAPERVILLE IL 60540 179432338 false X WWW.NORTHCENTRALCOLLEGE.EDU X 1861 IL NORTH CENTRAL COLLEGE PREPARES STUDENTS TO BECOME CURIOUS, ENGAGED, ETHICAL, AND PURPOSEFUL CITIZENS AND LEADERS IN LOCAL, NATIONAL AND GLOBAL CONTEXTS. 38 37 1622 100 388731 0 11066766 17825830 122515034 133487500 4256656 8224524 2222407 2183926 140060863 161721780 58026367 63172206 0 0 46942266 50501695 0 1773019 42470149 39768562 147438782 153442463 -7377919 8279317 362255957 373712122 93339893 88472623 268916064 285239499 NORTH CENTRAL COLLEGE PREPARES STUDENTS TO BECOME CURIOUS, ENGAGED, ETHICAL, AND PURPOSEFUL CITIZENS AND LEADERS IN LOCAL, NATIONAL AND GLOBAL CONTEXTS. THE COLLEGE SERVES APPROXIMATELY 3,000 FULLTIME AND PART-TIME STUDENTS. ABOUT 1,250 STUDENTS RESIDE ON THE COLLEGE CAMPUS EACH SEMESTER. false false 108818520 63172206 115295374 INSTRUCTION, ACADEMIC SUPPORT, ACADEMIC ADVISING & FINANCIAL AID, FACULTY INSTRUCTION FOR DEGREE CANDIDATES, AND MASTER'S DEGREE PROGRAMS ARE PROVIDED. 91% 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. 17072090 0 588082 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, AND ATHLETIC ACTIVITIES. NCC MAINTAINS 26 NCAA DIVISION III PROGRAMS (13 MALE AND 13 FEMALE VARSITY SPORTS). 15511766 0 17604044 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. 141402376 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 3978 0 true 1622 true true true false false false false true true false false false false false false X 38 37 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 Andrea Beck Vice Chair, Business Affairs Committee 1.0 0 X X 0 0 0 Anita Thomas President 60.0 0 X X 203151 0 29626 Erin Bishop Vice Chair, Student Affairs & Athletics Committee 1.0 0 X X 0 0 0 Esther Benjamin Vice Chair Enrollment Management & Marketing Committee 1.0 0 X X 0 0 0 Holly Humphrey Chair of the Board 5.0 0 X X 0 0 0 Joe Mallon Chair, Audit Committee 1.0 0 X X 0 0 0 John Kaltenmark Vice Chair, Insitutional Advancement Committee 1.0 0 X X 0 0 0 Kevin Gensler Board Secretary 1.0 0 X X 0 0 0 Maureen Ryan Vice Chair, Academic Affairs Committee 1.0 0 X X 0 0 0 Ali Setork Board Member 1.0 0 X 0 0 0 Annette Kenney Board Member 1.0 0 X 0 0 0 Bishop Dan Schwerin Board Member 1.0 0 X 0 0 0 Bishop Hee-Soo Jung Board Member 1.0 0 X 0 0 0 Connor McGury Board Member 1.0 0 X 0 0 0 Dave Kelsch Board Member 1.0 0 X 0 0 0 Donald Sharp Board Member 1.0 0 X 0 0 0 Gerald McCadd Board Member 1.0 0 X 0 0 0 InSun Ho Board Member 1.0 0 X 0 0 0 Jeff Swallow Board Member 1.0 0 X 0 0 0 Jon DeSouza Board Member 1.0 0 X 0 0 0 Kathy Birkett Board Member 1.0 0 X 0 0 0 Kathy Guthrie Board Member 1.0 0 X 0 0 0 Kris Hartner Board Member 1.0 0 X 0 0 0 Lee Woolley Board Member 1.0 0 X 0 0 0 Mark Wright Board Member 1.0 0 X 0 0 0 Matt Brill Board Member 1.0 0 X 0 0 0 Michael Allara Board Member 1.0 0 X 0 0 0 Mike Naset Board Member 1.0 0 X 0 0 0 Nancy Hanson Board Member 1.0 0 X 0 0 0 Raymond Kinney Board Member 1.0 0 X 0 0 0 Rowena Felix-Salas Board Member 1.0 0 X 0 0 0 Sanjeeb Khatua Board Member 1.0 0 X 0 0 0 Scott Wehrli Board Member 1.0 0 X 0 0 0 Steve Hoeft Board Member 1.0 0 X 0 0 0 Steve Rubin Board Member 1.0 0 X 0 0 0 Steve Sellers Board Member 1.0 0 X 0 0 0 Tom Miers Board Member 1.0 0 X 0 0 0 Tracie Morris Board Member 1.0 0 X 0 0 0 Abiodun Goke-Pariola Provost and Vice President for Academic Affairs 60.0 0 X 235152 0 51813 Adrian Aldrich Vice President for Institutional Advancement 60.0 0 X 165697 0 43726 Agnieszka Hanni Vice President for Enrollment Management and Marketing (started May 2023) 60.0 0 X 131707 0 29402 James Godo Vice President for Communication and Strategic Initiatives 60.0 0 X 174733 0 18401 Jessica Brown Vice President for Student Affairs and Athletics 60.0 0 X 166643 0 14595 Maryellen Skerik Vice President for Finance 60.0 0 X 202817 0 30851 Matthew Burden Vice President for Information and Technology 60.0 0 X 183795 0 48239 Michael Hudson Vice President for Operations 60.0 0 X 178067 0 47160 Frank Harwath Professor of Engineering, Director of Engineering Program 60.0 0 X 148903 0 29398 Mary Groll Interim Dean of the School of Education and Health Sciences, Chair Medical Sciences 60.0 0 X 154947 0 34296 Sara Scholtes Professor and Chair, Department of Physical Therapy 60.0 0 X 153898 0 17569 Stephen Caliendo Dean of the College of Arts and Sciences 60.0 0 X 130411 0 41618 Thomas Cavenagh Professor/Director of Leadership Ethics & Value 60.0 0 X 156241 0 15577 2386162 0 452271 87 true true false Dukane Precast Inc 1805 High Grove Lane Naperville IL 60540 CONSTRUCTION SERVICES 5202900 Bulley rews LLC 1755 W Armitage Ave Chicago IL 60622 CONSTRUCTION SERVICES 5101755 Chartwells PO Box 91337 Chicago IL 606931337 FOOD SERVICES AND HOSPITALITY 3237339 Parkhurst Dining Service 285 East Waterfront Drive Homestead PA 15120 FOOD SERVICES AND HOSPITALITY 2718619 Diverse Facility Solutions Inc 12838 S Cicero Ave Alsip IL 60803 CLEANING SERVICES 1778792 41 0 0 0 0 10451061 7374769 219187 17825830 TUITION (INCLUDING FINANCIAL AID) 611600 114845815 114845815 0 0 STUDENT HOUSING/AUXILIARY ENTERPRISES 721310 17604044 17604044 0 0 STUDENT FEES 611600 391100 391100 0 0 OTHER INSTRUCTION 611600 209644 209644 0 0 OTHER ATHLETIC,ACADEMIC, AND ADMIN 611600 196982 196982 0 0 239915 239915 0 0 133487500 3312204 0 -23048 3335252 0 0 0 0 0 0 0 1617412 310991 1306421 0 1306421 0 411779 894642 22311887 0 17399567 0 4912320 0 4912320 0 0 4912320 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THEATRE GATE RECEIPTS 711130 319742 0 0 319742 PARKING FINES/FEES 812930 267666 0 0 267666 Other Income 198933 0 0 198933 91164 0 0 91164 877505 161721780 133487500 388731 10019719 63172206 63172206 2250490 1020073 976100 254317 107733 107733 39010569 35535652 2566047 908870 2724556 2518645 135682 70229 3477864 2014282 1397427 66155 2930483 2603297 244890 82296 190094 78641 103146 8307 165176 33035 132141 5115 5115 325992 325992 2549423 2067151 461470 20802 1022137 748621 206052 67464 775594 677412 76365 21817 2255787 1344853 909437 1497 6307 6307 9656141 8741367 869634 45140 1715298 1631698 52135 31465 279116 264813 11822 2481 2405781 2267208 138573 8389461 7906228 483233 260274 260274 FOOD SERVICE 4904116 4904116 ALL OTHER EXPENSES 1932239 970600 960999 640 HOSPITALITY 1156404 950605 125165 80634 DUES & SUBSCRIPTIONS 1110715 974465 45649 90601 663392 603094 45109 15189 153442463 141402376 10267068 1773019 29793557 15652393 1148037 1480870 1778081 1644328 0 0 4757500 4283456 2153611 6267329 325669556 123141857 192434987 202527699 103474474 109122380 25312878 31345384 0 1402832 1388283 362255957 373712122 6092203 6080431 4038320 2226957 81921599 79157289 0 1287771 1007946 93339893 88472623 X 176788071 183492343 92127993 101747156 268916064 285239499 362255957 373712122 X 8279317 7445482 0 0 0 598636 X false true X true true true X 8357268 12047234 13966943 11066766 17825830 63264041 0 0 8357268 12047234 13966943 11066766 17825830 63264041 6522236 56741805 3381004 2008049 2503016 4053063 4929616 16874748 0 681542 304940 568105 955738 877505 3387830 83526619 633291394 0.6793 0.5766 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - THEATRE GATE RECEIPTS, COLUMN A - 341181.0, COLUMN B - 47377.0, COLUMN C - 200091.0, COLUMN D - 320549.0, COLUMN E - 319742.0, COLUMN F - 1228940.0; DESCRIPTION - PARKING FINES/FEES, COLUMN A - 272238.0, COLUMN B - 214270.0, COLUMN C - 271948.0, COLUMN D - 284134.0, COLUMN E - 267666.0, COLUMN F - 1310256.0; DESCRIPTION - ATHLETIC GATE RECEIPTS, COLUMN A - 18500.0, COLUMN B - 0.0, COLUMN C - 34017.0, COLUMN D - 47451.0, COLUMN E - 19798.0, COLUMN F - 119766.0; DESCRIPTION - OTHER, COLUMN A - 49623.0, COLUMN B - 43293.0, COLUMN C - 62049.0, COLUMN D - 303604.0, COLUMN E - 270299.0, COLUMN F - 728868.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 5115 5115 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY NORTH CENTRAL COLLEGE PAID $5,115 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 127696747 2694755 15265651 1864188 4179186 -126158 139739937 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 0.4 0.37 0.23 true false 8229544 8229544 267546102 94386524 173159578 0 0 32414554 28755333 3659221 17479356 17479356 202527699 Hedge Funds 19029489 F RE Fund 2745361 F Private Equity 8117297 F Charitable Remainder Trust 190486 F Perpetual Trust 1262751 F 31345384 SPLIT INTEREST AGREEMENTS 691937 REFUNDABLE LOAN 158753 INTEREST RATE SWAP 0 OTHER LONG-TERM LIABILITY 157256 1007946 106904682 7445482 -62573571 -55128089 162032771 -310991 -310991 161721780 90581247 310990 310990 90270257 63172206 63172206 153442463 Schedule D, Part III, Line 4 COLLECTIONS OF ART - DESCRIPTION OF COLLECTIONS THE NORTH CENTRAL COLLEGE ARCHIVES CONSISTS OF MANUSCRIPTS, PUBLICATIONS, PHOTOTGRAPHS, AUDIO-VISUAL MATERIALS, ARTIFACTS AND OTHJER UNIQUE HISTORICAL MATERIALS. THE ARCHIVES HAS FOUR MAIN COLLECTIONS: THE NORTH CENTRAL COLLEGE ARCHIVES, 1861-PRESENT, THE SHIMER COLLEGE ARCHIVERS, 1868-2017, THE HARRIS W FARWELL CONGRESSIONAL PAPAERS, AND THE SUBURBAN STAUDENT ARCHIVES. Schedule D, Part V, Line 4 INTENDED USES OF ENDOWMENT FUNDS THE INTENDED USED OF ENDOWMENT FUNDS - EARNINGS FROM ENDOWMENT FUNDS ARE USED FOR PURPOSES SPECIFICED BY DONORS, INCLUDING: SCHOLARSHIPS, FACULTY SALARIES AND ACEDEMIC 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 UNCERTIN TAX POSITIONS TO BE RECEOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSTION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSTIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISIONS FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS AS THE COLLEGE'S UNRELATED BUISNESS INCOME WAS OFFSET BY THE EXPENSES DIRECTLY CONNECTED WITH THE CONDUCT OF THE ACTIVITY CREATING A NET OPERATING LOSS. THERE ARE NOT INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENT OF ACTIVITIES OR STATEMENTS OF FINANCIAL POSITION. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Scholarships included in net tuition and fees - -63172206 Change in FV of int rate swap - -14549 Change in value of split-int agreement - 624550 Other losses - -11366 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements SCHEDULE D, PART XI, LINE 4(B) - OTHER REVENUE RENTAL EXPENSE - -310991 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 SCEHDULE D, PART XII, LINE 2(D) - OTHER EXPENSES IN AUDITED FINANCIAL STATEMENTS NOT IN FORM 990 - RENTAL EXPENSE - 310990 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements SCHEWDULE D, PART XII, LINE 4(B) - OTHER EXPENSES - FINANCIAL AID - 63172206 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY NORTH CENTRAL COLLEGE APPLIES FOR AND RECEIVES EDUCATIONAL GRANTS, AS APPROVED ON A CASE-BY-CSE BASIS, FROM FEDERAL AND STATE AGENCIES. THE COLLEGE ALSO PARTICIPATES ANNUALLY IN FEDERAL & STATE FINAICIAL 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. Schedule E, Part I, Line 3 Nondiscrimination 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. Europe (Including Iceland and Greenland) 0 3 Program Services STUDY ABROAD 104332 South Asia 0 0 Program Services RECRUITING 3778 Central America and the Caribbean 0 0 Investments 19542934 East Asia and the Pacific 0 0 ,Program Services STUDY ABROAD 38420 North America (Canada & Mexico only) 0 0 Program Services RECRUITING 28 0 3 0 0 0 3 19689492 0 19689492 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; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH ASIA-Accrual true ACADEMIC SCHOLARSHIPS & GRANTS 2700 63172206 Schedule I, Part III, Column (b) Estimated Number Of Recipients ACADEMIC SCHOLARSHIPS & GRANTS : ACADEMIC SCHOLARSHIPS & GRANTS NUMBER OF REIPIENTS IS ACTUAL 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 Anita Thomas President 192895 0 0 0 10256 0 22500 0 7126 0 232777 0 0 0 Abiodun Goke-Pariola Provost and Vice President for Academic Affairs 229716 0 0 0 5436 0 23558 0 28255 0 286965 0 0 0 Maryellen Skerik Vice President for Finance 196835 0 0 0 5982 0 19711 0 11140 0 233668 0 0 0 Matthew Burden Vice President for Information and Technology 182059 0 0 0 1736 0 20682 0 27557 0 232034 0 0 0 Michael Hudson Vice President for Operations 176921 0 0 0 1146 0 20528 0 26632 0 225227 0 0 0 Adrian Aldrich Vice President for Institutional Advancement 164992 0 0 0 705 0 18844 0 24882 0 209423 0 0 0 James Godo Vice President for Communication and Strategic Initiatives 174295 0 0 0 438 0 18401 0 0 0 193134 0 0 0 Jessica Brown Vice President for Student Affairs and Athletics 160456 0 0 0 6187 0 7707 0 6888 0 181238 0 0 0 Agnieszka Hanni Vice President for Enrollment Management and Marketing (started May 2023) 124183 0 0 0 7524 0 13080 0 16322 0 161109 0 0 0 Mary Groll Interim Dean of the School of Education and Health Sciences, Chair Medical Sciences 132869 0 0 0 22078 0 9875 0 24421 0 189243 0 0 0 Frank Harwath Professor of Engineering, Director of Engineering Program 145973 0 0 0 2930 0 13906 0 15492 0 178301 0 0 0 Stephen Caliendo Dean of the College of Arts and Sciences 129109 0 0 0 1302 0 15527 0 26091 0 172029 0 0 0 Thomas Cavenagh Professor/Director of Leadership Ethics & Value 155867 0 0 0 374 0 15577 0 0 0 171818 0 0 0 Sara Scholtes Professor and Chair, Department of Physical Therapy 153174 0 0 0 724 0 9460 0 8109 0 171467 0 0 0 Schedule J, Part I, Line 1a TAX IMDEMIFICATION 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 RECEIVED 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, INSURNACE AND EXPENSE FOR MAINTENANCE AND UPKEEP FOR THE PRESIDENTIAL RESIDENCE AS THE RESIDENCE IS REGULARLLY USED FOR COLLEGE BUSINESS. THE COLLEGE HAS DETERMINED THE VALUE OF THE USE IS NOT CONSIDERED TAXABLE INCOME. 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 STATEMENT false false false B ILLINOIS FINANCE AUTHORITY 861091967 000000000 2014-12-04 32206000 See Statement false false false C ILLINOIS FINANCE AUTHORITY 861091967 000000000 2015-07-09 30177000 SEE STATEMENT false false false D ILLINOIS FINANCE AUTHORITY 861091967 000000000 2020-05-28 21524000 SEE STATEMENT false false false A 0 0 33958589 0 0 0 203325 0 0 0 33755264 0 2014 true false true true B 7112000 0 32206000 0 0 0 206000 0 0 22000000 10000000 0 2014 true false true true C 29135024 0 30177000 0 0 0 177000 0 0 30000000 0 0 2015 false false true true D 1984000 0 21524000 0 749462 0 274538 0 0 20500000 0 0 2020 false false true true A false false true true false 0.0276 0.0 0.0276 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 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 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 V Different Procedures to Undertake Corrective Action Issuer name: ILLINOIS FINANCE AUTHORITY N/A 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 N/A 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 N/A 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 N/A ADVANCED DATA TECHNOLOGIES INC DAVID KELSCH, BOARD MEMBER, IS ALSO THE PRESIDENT AND CEO OF ADVANCED DATA TECHNOLOGIES INC. 257347 TECHNOLOGY false LEILA AZARBAD DAUGHTER OF CURRENT TRUSTEE 102453 EMPLOYMENT false DUKANE PRECAST INC SCOTT WEHRLI, BOARD MEMBER, IS ALSO OWNER (51%) OF DUKANE PRECAST INC. 5780281 CAMPUS PARKING PAVILLION CONSTRUCTION VENDOR false DIVERSE FACILITY SOLUTIONS INC MARK WRIGHT, BOARD MEMBER, IS ALSO PRESIDENT/CEO OF DIVERSE FACILITY SOLUTIONS INC. 1612502 FACILITY JANITORIAL SERVICES false X 2863 219187 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - X SECURITIES, PUBLICLY TRADED, NUMBER OF SHARES RECEIVED. 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 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 O 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 MANAGEMENTDIRECTED 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: 210758, Related or Exempt Function Revenue: 210758, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Midwest College Chinese Speech : Other Income - Total Revenue: 16100, Related or Exempt Function Revenue: 16100, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; WONC : Other Income - Total Revenue: 5490, Related or Exempt Function Revenue: 5490, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Project LEAD : Other Income - Total Revenue: 500, Related or Exempt Function Revenue: 500, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Athletic Department : Other Income - Total Revenue: 3404, Related or Exempt Function Revenue: 3404, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Albright-Wesley Society : Other Income - Total Revenue: 200, Related or Exempt Function Revenue: 200, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; CLASP : Other Income - Total Revenue: 3463, Related or Exempt Function Revenue: 3463, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Non-specific : Coffee Lab - Gross Margin - Total Revenue: 41260, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 41260; Auxiliary Service Commission - Total Revenue: 27438, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 27438; ATHLETIC GATE RECEIPTS - Total Revenue: 19798, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 19798; Non-specific : ENACTUS - Gross Margin - Total Revenue: 2290, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 2290; Fine Arts Concessions : Sales -- Food - Total Revenue: 378, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 378; Earned Retention Credit - Total Revenue: 0, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT - -14551; CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT - 624550; OTHER TRANSFERS - -11363; 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. Form 990, PART III, LINE 1 ORGANIZATION'S MISSION NORTH CENTRAL COLLEGE PREPARES STUDENTS TO BECOME CURIOUS, ENGAGED, ETHICAL, AND PURPOSEFUL CITIZENS AND LEADERS IN LOCAL, NATIONAL AND GLOBAL CONTEXTS. THE COLLEGE SERVES APPROXIMATELY 3,000 FULLTIME AND PART-TIME STUDENTS. ABOUT 1,250 STUDENTS RESIDE ON THE COLLEGE CAMPUS EACH SEMESTER. SCHEDULE F, PART I, LINE 3 METHOD USED TO ACCOUNT FOR EXPENDITURES ON ORG'S FINANCIAL STATEMENTS EAST ASIA AND PACIFIC - ACCURAL EUROPE - ACCRUAL NORTH AMERICA (MEXICO & CANADA) - ACCRUAL SOUTH ASIA - ACCRUAL CHARITABLE REMAINDER TRUSTS (7) CO NORTH CENTRAL COLLEGE 30 N BRAINARD ST NAPERVILLE IL 60540 INVESTMENT IL 0 Trust 0 0 0 false false false false false false false false false false false false false false false false false false false false Schedule R, Part IV PART IV IDENTIFICATION OF RALATED ORGANIZATIONS TAXABLE AS A TRUST CHARTIBLE REMAINER TRUST C/O NORTH CENTRAL COLLEGE, 30 N. BRAINARD ST. NAPERVILLE, IL 60540