2022-05-13T16:00:48-05:00 2021-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2020-07-01 362169157 North Central College NORT 6306375680 30 N Brainard Street Naperville IL 60540 Maryellen J Skerik Vice President for Finance 2022-05-13 true Maryellen J Skerik 999009999 Jennifer Burke P01342224 3128997000 2020 2022-09-23 18:48:47Z Troy Hammond 30 N Brainard Street Naperville IL 60540 177261953 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 31 1622 40 7000 0 8357268 12047234 120664795 120334222 4656631 3026810 1360295 387097 135038989 135795363 54595497 55610688 0 44027675 41374254 12050 2706 1882166 35862171 34942222 134497393 131929870 541596 3865493 362226785 398179906 113723378 110846502 248503407 287333404 SEE SCHEDULE O false false 94536643 55610688 107057316 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, CONTINUING EDUCATION, LIBRARY SERVICES, DISABILITIES SUPPORT SERVICES, TUTORING ASSISTANCE, AND ACADEMIC COMPUTING ARE INCLUDED IN ACADEMIC SUPPORT. 14480662 AUXILIARY SERVICES INCLUDE RESIDENCE LIFE, STUDENT HOUSING, AND FOOD SERVICES. FACILITIES INCLUDE KAUFMAN (A FULL SERVICE DINING HALL), THE CAGE (A QUICK SERVICE COOK-TO-ORDER FACILITY), AU BON PAIN AND THE BOILERHOUSE CAFE. THE COLLEGE STORE AND STUDENT GATHERING SPACES ARE ALSO INCLUDED IN AUXILIARY SERVICE. APPROXIMATELY 1,105 OF THE FULL-TIME STUDENTS CHOSE TO LIVE IN COLLEGE OWNED OR LEASED PROPERTIES. 100% RESIDENT STUDENTS ARE REQUIRED TO PURCHASE A MEAL PLAN. 12804479 13352062 STUDENT SERVICES AND ATHLETICS OFFICES SERVICING THE STUDENT BODY INCLUDE ADMISSIONS, INTERNATIONAL RECRUITING, FINANCIAL AID ADMINISTRATION EXPENSE, REGISTRAR, DEAN OF STUDENTS, MINISTRY AND SERVICE, COMMUNITY SERVICES, CAREER DEVELOPMENT, THE WELLNESS CENTER, STUDENT INVOLVEMENT, ORIENTATION, MULTICULTURAL AFFAIRS, AND ATHLETIC ACTIVITIES. COMMUNITY SERVICE PROJECTS SUCH AS HABITAT FOR HUMANITY ARE COMMON PURSUITS DURING SPRING BREAK. NCC MAINTAINS 27 NCAA DIVISION III PROGRAMS (13 MALE AND 14 FEMALE VARSITY SPORTS) AND HAS WON 40 TEAM NATIONAL CHAMPIONSHIPS. 121821784 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 false true true true false false false false true false false false true 3857 0 true 1622 true true true false false false false true true false false true false false false X 39 31 true false true 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 DAVID W KELSCH Vice Chair, Business Affairs 1.0 X X 0 0 0 DONALD SHARP Vice Chair, Institutional Advancement 1.0 X X 0 0 0 ERIN L BISHOP Vice chair, enrollment and student affairs 1.0 X X 0 0 0 JAMES A MCDERMET Chair of the Board 1.0 X X 0 0 0 KEVIN M GENSLER Board Secretary 1.0 X X 0 0 0 STEPHEN T SELLERS Vice Chair, Academic Affairs 1.0 X X 19585 0 0 TROY HAMMOND PRESIDENT 60.0 X X 499288 0 66287 ALI SETORK TRUSTEE 1.0 X 0 0 0 ANDREA BECK TRUSTEE 1.0 X 0 0 0 ANNETTE KENNEY TRUSTEE 1.0 X 0 0 0 CARLI FRANKS TRUSTEE 1.0 X 0 0 0 ESTHER T BENJAMIN TRUSTEE 1.0 X 0 0 0 HEE-SOO JUNG TRUSTEE 1.0 X 0 0 0 HOLLY HUMPHREY TRUSTEE 1.0 X 0 0 0 INSUN HO 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 JOHN KALTENMARK 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 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 MAUREEN RYAN 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 RONALD LUEPTOW TRUSTEE 1.0 X 0 0 0 SALLY DYCK 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 STEVEN H HOEFT Trustee 1.0 X 0 0 0 STEVEN RUBIN TRUSTEE 1.0 X 0 0 0 TOM CARROLL 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 237428 0 50395 KIMBERLY SLUIS VP FOR STUDENT AFFAIRS AND DEAN OF STUDENTS UNTIL 01.15.2021 60.0 X 195515 0 15355 MARTIN SAUER VP FOR ENROLLMENT MANAGEMENT AND ATHLETICS UNTIL 12.10.2020 60.0 X 198283 0 35257 MARYELLEN SKERIK VP FOR FINANCE 60.0 X 190624 0 20825 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 60.0 X 181598 0 45736 MICHAEL HUDSON VP FOR OPERATIONS 60.0 X 167979 0 47069 RICK E SPENCER VP INSTITUTIONAL ADVANCEMENT 60.0 X 226682 0 44317 DIANE ANSTINE DEAN-SCHOOL OF BUSINESS AND ENTREPRENEURSHIP 50.0 X 137028 0 15411 FRANK HARWATH PROF/DIRECTOR OF ENGINEERING 50.0 X 137060 0 24799 JAMES GODO ASSISTANT VP EXT AFFAIRS 50.0 X 158096 0 13613 MARY GROLL DIRECTOR PHYSICIAN ASSISTANT PROGRAM 50.0 X 144101 0 25073 THOMAS CAVENAGH PROFESSOR/DIRECTOR OF LEADERSHIP ETHICS AND VALUE 50.0 X 150216 0 14363 2643483 0 418500 33 false true false BULLEY & ANDREWS LLC 1755 W ARMITAGE AVE CHICAGO IL 60622 CONSTRUCTION SERVICES 8843008 CHARTWELLS 2250 N SHEFFIELD CHICAGO IL 60614 FOOD SERVICES 3050442 DUKANE PRECAST INC 1805 HIGH ROVE LANE NAPERVILLE IL 60540 CONSTRUCTION SERVICES 1674720 DIVERSE FACILITY SOLUTIONS INC 12838 S Cicero Ave ALSIP IL 60803 CLEANING SERVICES 1330387 ADVANCED DATA TECHNOLOGIES 1075 SHORE RD NAPERVILLE IL 60563 IT SERVICES 708602 24 1733847 10313387 304534 12047234 TUITION (INCLUDING FINANCIAL AID) 611600 103203776 103203776 STUDENT HOUSING/AUXILIARY ENTERPRISES 721310 13352062 13352062 OTHER ATHLETIC, ACADEMIC, & ADMIN 611600 2985903 2985903 STUDENT FEES 611600 720739 720739 Community Education 911600 71742 71742 0 0 0 0 120334222 2204763 2204763 98286 16130 82156 0 82156 75156 7000 42272507 40050886 1399574 2221621 -1399574 822047 822047 PARKING FINES/FEES 812930 214270 214270 Theatre 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23287391 0 159812 192057 362226785 398179906 6746036 8580644 1829775 2425366 91447522 90524214 0 0 13700045 9316278 113723378 110846502 X 170613524 187558563 77889883 99774841 248503407 287333404 362226785 398179906 X 3865493 30040427 4924077 X false true X true true true X 11981154 9834151 16749525 8357268 12047234 58969332 0 0 11981154 9834151 16749525 8357268 12047234 58969332 21041479 37927853 2724494 2837226 3118953 3381004 2008049 14069726 0 0 0 0 0 0 1114887 856301 930934 681542 304940 3888604 76927662 589079808 0.4930 0.4675 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - THEATRE RECEIPTS, COLUMN A - 827224.0, COLUMN B - 552194.0, COLUMN C - 596939.0, COLUMN D - 341181.0, COLUMN E - 47377.0, COLUMN F - 2364915.0; DESCRIPTION - PARKING FEES/FINES, COLUMN A - 230285.0, COLUMN B - 241967.0, COLUMN C - 257910.0, COLUMN D - 272238.0, COLUMN E - 214270.0, COLUMN F - 1216670.0; DESCRIPTION - ATHLETIC GATE RECEIPTS, COLUMN A - 52303.0, COLUMN B - 53549.0, COLUMN C - 25151.0, COLUMN D - 18500.0, COLUMN E - 0.0, COLUMN F - 149503.0; DESCRIPTION - OTHER, COLUMN A - 5075.0, COLUMN B - 8591.0, COLUMN C - 50934.0, COLUMN D - 49623.0, COLUMN E - 43293.0, COLUMN F - 157516.0; 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 $60,360 PAID TO DIXON AND COMPANY, INC. FOR PROFESSIONAL LOBBYING FEES - SENDING LETTERS AND MEETING WITH ILLINOIS STATE GOVERNMENT OFFICIALS TO ATTEMPT TO SECURE POTENTIAL CAPITAL FUNDING AND IN SUPPORT OF Monetary Award Program FUNDING. X X X false 112843418 3361565 33903421 1508840 3448591 267748 144883225 119201462 772336 -1640839 1458262 3669007 362272 112843418 116939127 546055 6750818 1345736 2956197 732605 119201462 109986446 1697637 9381133 1276104 2565028 284957 116939127 98721426 333146 15055078 1285000 2546607 291597 109986446 0.43 0.3 0.27 true false 8467857 8467857 244154000 79079684 165074316 28255445 25137142 3118303 18144512 18144512 194804988 Alternative Investments 21892997 F Trust Held by Third Party 1394394 F 23287391 SPLIT INTEREST AGREEMENTS 1384489 REFUNDABLE LOAN 580009 INTEREST RATE SWAP 6334424 OTHER LONG-TERM LIABILITY 1017356 9316278 X 110241232 30040427 -55610688 -25570261 135811493 -16130 -16130 135795363 76335312 16130 16130 76319182 55610688 55610688 131929870 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 ARCHIVE IS HOME TO FOUR MAIN COLLECTIONS: NORTH CENTRAL COLLEGE ARCHIVES; SHIMER COLLEGE; PAPERS OF HARRIS W FAWELL, US REPRESENTATIVE; AND SURBURBAN STUDIES. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS INCLUDE EXPENDING FUNDS TOWARD PROFESSIONAL FACULTY CHAIRS, SCHOLARSHIPS, FACILITIES MAINTENANCE, LIBRARY ENHANCEMENT, AND DEPARTMENTAL ENHANCEMENT. 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 - -55610688 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RENTAL EXPENSE - -16130 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 16130 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FINANCIAL AID - 55610688 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'S POLICY IS ONE OF NON-DISCRIMINATION WITH RESPECT TO THE PUBLIC SERVED BY THE INSTITUTION AND WITH RESPECT TO THE COLLEGE PERSONNEL. COLLEGE'S WEBSITE HAS A PAGE DEDICATED TO NON-DISCRIMINATION POLICY. STUDENT MANNUAL AND FACULTY HANDBOOK CONTAIN A STATEMENT TO THE EFFECT THAT THE COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, GENDER, AGE, NATIONAL ORIGINS, ANCESTRY, MARITAL STATUS, SEXUAL ORIENTATION, HANDICAP, DISABILITY, VETERAN STATUS OR UNFAVORABLE DISCHARGE FROM MILITARY SERVICE. ALSO, THERE IS AN ANNUAL EMAIL SENT COLLEGE-WIDE TO EMPHASIZE THE POLICY. 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, PERKINS, 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 6/30/2021, the college received higher education emergency relief funds from the U.S. Department of Education, Office of Postsecondary Education as a result of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 1565 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 5616 Europe (Including Iceland and Greenland) 0 1 Program Services RECRUITING 3276 East Asia and the Pacific 0 1 Program Services RECRUITING 1416 Central America and the Caribbean 0 0 Investments 17253601 0 2 0 0 0 2 17265474 0 17265474 true false true false false false true ACADEMIC SCHOLARSHIPS & GRANTS 2761 55610688 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 true false false false false false true false TROY HAMMOND PRESIDENT 401643 0 75000 0 22645 0 19000 0 47287 0 565575 0 0 0 ABIODUN GOKE-PARIOLA PROVOST/VP FOR ACADEMIC AFFAIRS 207679 0 25000 0 4749 0 16778 0 33617 0 287823 0 0 0 RICK E SPENCER VP INSTITUTIONAL ADVANCEMENT 204686 0 15000 0 6996 0 19539 0 24778 0 270999 0 0 0 MARTIN SAUER VP FOR ENROLLMENT MANAGEMENT AND ATHLETICS UNTIL 12.10.2020 173381 0 0 0 24902 0 18006 0 17251 0 233540 0 0 0 MATTHEW BURDEN VP FOR INFORMATION & TECHNOLOGY/CIO 165614 0 15000 0 984 0 14116 0 31620 0 227334 0 0 0 MICHAEL HUDSON VP FOR OPERATIONS 152223 0 15000 0 756 0 15152 0 31917 0 215048 0 0 0 MARYELLEN SKERIK VP FOR FINANCE 173509 0 15000 0 2115 0 12351 0 8474 0 211449 0 0 0 KIMBERLY SLUIS VP FOR STUDENT AFFAIRS AND DEAN OF STUDENTS UNTIL 01.15.2021 147312 0 0 0 48203 0 14351 0 1004 0 210870 0 0 0 JAMES GODO ASSISTANT VP EXT AFFAIRS 142799 0 15000 0 297 0 12852 0 761 0 171709 0 0 0 MARY GROLL DIRECTOR PHYSICIAN ASSISTANT PROGRAM 143618 0 0 0 483 0 6750 0 18323 0 169174 0 0 0 THOMAS CAVENAGH PROFESSOR/DIRECTOR OF LEADERSHIP ETHICS AND VALUE 149411 0 0 0 805 0 12633 0 1730 0 164579 0 0 0 FRANK HARWATH PROF/DIRECTOR OF ENGINEERING 135840 0 0 0 1220 0 9807 0 14992 0 161859 0 0 0 DIANE ANSTINE DEAN-SCHOOL OF BUSINESS AND ENTREPRENEURSHIP 136589 0 0 0 439 0 12489 0 2922 0 152439 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 4b Supplemental nonqualified retirement plan EFFECTIVE JULY 1, 2016, THE COLLEGE STARTED A 457(F) PLAN FOR THE PRESIDENT. THERE WERE NO CONTRIBUTIONS MADE AND NO DISTRIBUTIONS FROM THIS PLAN IN CALENDAR YEAR 2020. 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 33958589 203325 33755264 2014 true false true true B 4518000 32206000 206000 22000000 10000000 2014 true false true true C 22260024 30177000 177000 30000000 2015 false false true true D 21524000 749462 274538 20500000 2020 false false true true A false false true true false 0.006 0.0 0.006 false false true B false false true true false 0.006 0.0 0.006 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 true false true true true Bank of Montreal 10.0 false false false false true B false true false true true true PNC Bank 29.5 false false false false true C false true 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 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 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 IV, Line 2c COLUMN C Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 07/09/2020 ADVANCED DATA TECHNOLOGIES INC David Kelsch, BOARD MEMBER, is also the president and CEO of Advanced Data Technologies Inc. 655450 TECHNOLOGY false BRAD SPENCER SON OF CURRENT OFFICER 82332 EMPLOYMENT false ANDREW SAUER SON OF CURRENT OFFICER 57607 EMPLOYMENT false LEILA AZARBAD DAUGHTER OF CURRENT TRUSTEE 89641 EMPLOYMENT false X 5 304534 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of Contributions 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. IN 2020-2021, THE COLLEGE SERVED 2,475 FULL-TIME AND PART-TIME STUDENTS. 30 STATES AND U S TERRITORIES AND 40 COUNTRIES ARE REPRESENTED IN OUR STUDENT POPULATION. ABOUT 1,105 STUDENTS RESIDE ON THE COLLEGE CAMPUS EACH SEMESTER. NORTH CENTRAL COLLEGE CONFERRED 634 UNDERGRADUATE DEGREES AND 123 MASTERS DEGREES IN THE 2020-2021 ACADEMIC YEAR. 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 4 Significant changes to organizational documents The Bylaws were amended in October 2020 with the following changes: 1. The number of Vice-Chairs has been increased to 5 with the addition of the Student Affairs Committee. 2. The number of individuals on the executive committee has been increased to be up to 15 voting members, and a quorum now requires 8 members. Form 990, Part VI, Line 11b Review of form 990 by governing body A REVIEW IS CONDUCTED PRIOR TO FILING THE 990 WITH THE IRS. THE FINANCIAL ANALYST GATHERS INFORMATION FROM VARIOUS AREAS OF THE COLLEGE FOR REVIEW BY TAX PROFESSIONAL, CONTROLLER AND VP OF FINANCE. BASED ON THE REVIEW THE FINANCIAL ANALYST MAKES NECESSARY CHANGES. A FINAL DRAFT IS SENT TO ALL VOTING BOARD MEMBERS VIA SECURE SITE FOR THEIR REVIEW. IF ANY CHANGES ARE REQUIRED AFTER THE BOARD REVIEW THEY ARE SENT TO THE TAX PROFESSIONALS FOR INCORPORATION INTO THE SUBMITTED FORM 990. IT IS THE POLICY OF NORTH CENTRAL COLLEGE THAT ALL VOTING MEMBERS OF THE BOARD REVIEW A FINAL COPY OF THE FORM 990 BEFORE FILING FOR THEIR REVIEW OR COMMENT. Form 990, Part VI, Line 12c Conflict of interest policy EACH TRUSTEE SHALL COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY WHICH SHALL INDICATE THAT THE TRUSTEE ACKNOWLEDGES A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST, IF ANY. AND SHALL RECUSE HIMSELF OR HERSELF PURSUANT TO THE PROCEDURES ADOPTED BY THE BOARD ON THAT MATTER. IN ADDITION, A TRUSTEE MUST ALSO MAKE CHANGES TO THEIR DISCLOSURE FORM AS HIS OR HER 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 COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION (CUPA). IN ORDER TO ESTABLISH APPROPRIATE SALARY/BENEFIT PACKAGES. 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 PRESIDENTS' COMPENSATION IS BROUGHT BEFORE THE BOARD OF TRUSTEES IN AN EXECUTIVE SESSION AT THE FALL MEETING. CONTEMPORANEOUS DOCUMENTATIONS 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 11d Other Miscellaneous Revenue Other - Total Revenue: 43294, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 43294; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT - 3618445; CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT - 1342912; OTHER TRANSFERS - -37280; 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 true false false false false false false false false false false false false false false false