2021-04-14T11:31:22-05:00 2020-05-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-06-01 410706151 NORTH CENTRAL UNIVERSITY NORT 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 SCOTT HAGAN PRESIDENT 6123434400 2021-04-13 1 CHAD LASSEN P01587992 6123764500 2021-04-13 2019 2022-09-23 18:48:47Z SCOTT HAGAN 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 39175995 0 1678 X WWW.NORTHCENTRAL.EDU X 1930 MN TO TRAIN AND PREPARE LEADERS TO SERVE THEIR COMMUNITY, CHURCH AND WORLD ACCORDING TO THEIR VOCATION AND GIFTS. 27 27 781 50 0 0 2998838 3995552 30311128 30325302 347905 3235937 261453 380771 33919324 37937562 13038001 13592996 0 0 11065996 13770954 0 0 707645 9522794 8862076 33626791 36226026 292533 1711536 44847970 50459831 6771565 10573516 38076405 39886315 X NORTH CENTRAL UNIVERSITY IS A CHRISTIAN UNIVERSITY WITH A COMMITMENT TO ACADEMIC EXCELLENCE, WITH AN URBAN AND INTERNATIONAL FOCUS, WHOSE PURPOSE IS TO PREPARE PENTECOSTAL LEADERS TO SERVE GOD IN THEIR CHURCH, COMMUNITY, AND WORLD. 0 0 31169341 13592996 25527915 NORTH CENTRAL UNIVERSITY (THE UNIVERSITY) IS A CHRISTIAN UNIVERSITY, WITH AN URBAN AND INTERNATIONAL FOCUS, WHOSE PURPOSE IS TO PREPARE PENTECOSTAL LEADERS TO SERVE GOD IN THE CHURCH, THEIR COMMUNITY, AND THE WORLD. THE UNIVERSITY OFFERS ABOUT SIXTY AREAS OF STUDY THROUGH ITS COLLEGE OF ARTS AND SCIENCES, COLLEGE OF FINE ARTS, AND COLLEGE OF CHURCH LEADERSHIP. THE CURRICULUM IS SUPPORTED WITH A CHRISTIAN WORLD VIEW DEVELOPED THROUGH A MEANINGFUL, INTEGRATED GENERAL EDUCATION CORE PROGRAM. THE UNIVERSITY TRAINS STUDENTS TO SERVE GOD IN A VARIETY OF WAYS ACCORDING TO THEIR VOCATION AND GIFTS. PROGRAM FOCUS AT NORTH CENTRAL IS PARTICULARLY UPON URBAN AND INTERNATIONAL SETTINGS, UTILIZING THE METROPOLITAN CONTEXT OF THE MINNEAPOLIS-ST. PAUL AREA AS A LABORATORY FOR EFFECTIVE MINISTRY AND WORK IN THE MARKETPLACE, IN ADDITION TO PROVIDING A FULL ARRAY OF CREATIVE INTERNATIONAL LEARNING OPPORTUNITIES. NORTH CENTRAL IS A COEDUCATIONAL, PRIMARILY UNDERGRADUATE RESIDENTIAL UNIVERSITY, OWNED AND OPERATED BY 11 ASSEMBLIES OF GOD DISTRICTS OF THE UPPER MIDWEST. FOUNDED IN 1930, THE UNIVERSITY CURRENTLY SERVES A POPULATION OF ABOUT 1,100 STUDENTS. 31169341 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 64 0 781 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X ANDREW DENTON 6123434400 910 ELLIOT AVENUE MINNEAPOLIS MN 55404 HAGAN SCOTT PRESIDENT 40.00 X 200914 0 30432 DENTON ANDREW VP UNIVERSITY RELATIONS 40.00 X 140420 0 27369 TUCKER DONALD VP ACADEMIC AFFAIRS 40.00 X 128192 0 21058 LEEPER GREGORY VP OF STRATEGY AND ONLINE 40.00 X 107957 0 24303 GRAHAM DOUG VP SPIRITUAL LIFE 40.00 X 107692 0 6293 BONTRAGER RON BOARD CHAIR 2.00 X X 0 0 0 JACOBS TOM SECRETARY 2.00 X X 0 0 0 ANKU KWAME REGENT 2.00 X 0 0 0 BOYNTON JULIE REGENT 2.00 X 0 0 0 COLLINS LINDA REGENT 2.00 X 0 0 0 COOPER ERIK REGENT 2.00 X 0 0 0 DAVIS JOHN REGENT 2.00 X 0 0 0 DEAN MARK REGENT 2.00 X 0 0 0 DOCKTER SHAWN REGENT 2.00 X 0 0 0 DUNSTON PEGGY REGENT 2.00 X 0 0 0 GIFFORD DON REGENT 2.00 X 0 0 0 GROGAN GARY REGENT 2.00 X 0 0 0 GUIRE PATRICK REGENT 2.00 X 0 0 0 KETTERLING ROB REGENT 2.00 X 0 0 0 LIECHTY JON REGENT 2.00 X 0 0 0 NYSTROM LOWELL REGENT 2.00 X 0 0 0 RILEY BRAD REGENT 2.00 X 0 0 0 RUCH NATE REGENT 2.00 X 0 0 0 SCHAIBLE STEPHEN REGENT 2.00 X 0 0 0 SCHNEIDER PHIL REGENT 2.00 X 0 0 0 SILVESTER JON REGENT 2.00 X 0 0 0 ST JOHN KIRBY REGENT 2.00 X 0 0 0 SVOBODA BILL REGENT 2.00 X 0 0 0 TITUS WINSTON REGENT 2.00 X 0 0 0 TRASK BRAD REGENT 2.00 X 0 0 0 TRIPP STEVE REGENT 2.00 X 0 0 0 WASHINGTON FRED REGENT 2.00 X 0 0 0 685175 0 109455 5 0 1 0 DLR GROUP 520 NICOLLET MALL SUITE 200 MINNEAPOLIS MN 55402 ARCHITECTURAL AND DESIGN SERVICES 1545440 PIONEER COLLEGE CATERERS 25055 W VALLEY PARKWAY SUITE 120 OLATHE KS 66061 FOOD SERVICES 1129455 PARALLEL TECHNOLOGIES INC 7667 EQUITABLE DRIVE SUITE 201 EDEN PRAIRIE MN 55344 DOOR SECURITY SYSTEMS 242096 TEGRA GROUP INC 1600 UTICA AVE S ST LOUIS PARK MN 55416 BUILDING REPRESENTATIVE SERVICES 180000 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 HIGHER EDUCATIONAL ERP SYSTEM SOFTWARE 171212 5 182304 1937393 1875855 10388 3995552 TUITION FEES 611600 23305475 23305475 RESIDENT HALL 611710 3187481 3187481 STUDENT FINANCIAL AID 611710 1971543 1971543 CAFETERIA 611710 1610443 1610443 OTHER AUXILIARY REVENUE 611710 250360 250360 30325302 198066 198066 460093 3476036 581475 316783 -121382 3159253 3037871 3037871 8625 182304 100894 -92269 -92269 239818 239281 537 537 MISCELLANEOUS INCOME 900099 472503 472503 472503 37937562 30325839 0 3616171 13592996 13592996 794631 675436 111249 7946 10233808 8218659 1622804 392345 225352 192259 30839 2254 1825340 958845 774279 92216 691823 589987 94918 6918 73953 73953 83691 83691 1899 1899 479382 399508 58827 21047 330261 319066 5880 5315 784456 500193 267998 16265 414952 309246 105550 156 958834 837264 92593 28977 359575 233915 99822 25838 214507 190187 17033 7287 151976 151976 2019798 1789541 163604 66653 830 830 MEAL PLAN EXPENSE 1300607 1257578 42988 41 OTHER EXPENSES 754046 194189 529742 30115 EQUIPMENT & MAINTENANCE 389087 245570 139245 4272 STUDENT EXPENSES 380627 376979 3648 0 163595 135947 27648 36226026 31169341 4349040 707645 850526 597825 4100838 8231311 378207 876629 48803 46946 513581 552048 66198597 32572179 31857831 33626418 4598334 4207954 1299167 1291315 852415 741082 348268 288303 44847970 50459831 800365 2466618 1032695 1099075 22299 32188 3794019 2094179 3730303 1122187 1151153 6771565 10573516 X 33925613 34915508 4150792 4970807 38076405 39886315 44847970 50459831 X 1711536 98166 208 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3316295 75613 76419 42576 3425751 3308586 19938 39928 52157 3316295 3148687 44307 149251 33659 3308586 2917461 219014 42193 29981 3148687 3017642 51828 -113359 38650 2917461 0.02510 0.97490 0.00000 0 0 6165399 6165399 22958384 9501269 13457115 21612943 12532840 9080103 10069026 9127815 941211 5392845 1410255 3982590 33626418 DEPOSITS 204294 ASSET RETIREMENT OBLIGATION 184172 ANNUITIES PAYABLE 86598 POST RETIREMENT BENEFIT OBLIGATION 676089 1151153 X 24707502 98166 340175 438341 24269161 13668401 13668401 37937562 22973205 340175 340175 22633030 13592996 13592996 36226026 PART IV, LINE 2B: THE UNIVERSITY HAS STUDENT ORGANIZATIONS RAISE MONEY BY HOLDING CAR WASHES, BAKE SALES, ETC. TO BE USED FOR ACTIVITIES THAT THE STUDENTS WILL PARTICIPATE AND/OR RUN. THE ORGANIZATIONS ON CAMPUS ALSO PLAN MINISTRY AND/OR MISSIONS TRIPS WHERE FUNDS RAISED MAY COME FROM RELATIVES/FRIENDS OR THE STUDENT PERSONALLY. THE FUNDS RAISED ARE THEN USED BY THE PARTICULAR ORGANIZATION TO ENABLE STUDENTS TO TRAVEL INTO AN INTERNATIONAL SETTING TO EXPERIENCE CULTURE AND PERFORM MINISTRY TO THE LOCAL COMMUNITY. THE FUNDS RAISED ARE HELD BY THE UNIVERSITY UNTIL DISBURSED TO THE STUDENT ORGANIZATIONS. TOTAL FUNDS HELD BY THE UNIVERSITY TOTALED $32,188 AT MAY 31, 2020. PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED FOR THE PURPOSE OF SUPPORTING THE LONG-TERM MISSION OF THE UNIVERSITY. THE FUND WAS USED FOR SCHOLARSHIPS AND OPERATIONS EXPENSE. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS ALSO EXEMPT FROM MINNESOTA TAXES UNDER MINNESOTA STATUTE CHAPTER 290.05. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. THE UNIVERSITY HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX FILING THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS GUIDANCE HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY'S TAX FILINGS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE UNIVERSITY IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. THE UNIVERSITY IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 100,894. COGS 239,281. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 9,956,205. SCHOLARSHIPS REPORTED NET IN FINANCIAL STATEMENTS 3,636,791. PRIVATE GIFTS AND CONTRIBUTIONS, NON-OPERATING 75,405. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES 100,894. COGS 239,281. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL SCHOLARSHIPS AND GRANTS 9,956,205. SCHOLARSHIPS REPORTED NET IN FINANCIAL STATEMENTS 3,636,791. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 EVERY BROCHURE INCLUDES THE PHRASE: "NORTH CENTRAL UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, SEX, NATIONAL ORIGIN, AGE OR DISABILITY." SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL AND STATE FUNDING. BANQUET 176504 176504 30196 113 10200 34712 GOLF TOURNAMENT 14425 5800 8625 24043 1630 190929 182304 8625 54239 113 10200 36342 100894 -92269 1 FEDERAL PELL GRANT 437 1889028 N/A N/A SUPPLEMENTAL ED. OPPORTUNITY GRANT 71 58764 N/A N/A MINNESOTA STATE GRANT 304 1605413 N/A N/A FINANCIAL ASSISTANCE - NORTH CENTRAL UNIVERSITY INSTITUTIONAL AID 991 9956205 N/A N/A PART I, LINE 2: THE UNIVERSITY REVIEWS AND APPLIES CRITERIA BASED ON CIRCUMSTANCE, GRADE-POINT AVERAGE AND NEED. THE PROCESS IS APPLIED CONSISTENTLY TO ALL STUDENTS OF THE INSTITUTION. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 HAGAN SCOTT PRESIDENT 71484 0 0 0 129430 0 7918 0 22514 0 231346 0 0 0 DENTON ANDREW VP UNIVERSITY RELATIONS 75250 0 0 0 65170 0 8287 0 19082 0 167789 0 0 0 PART I, LINE 1A THE HOUSING ALLOWANCE WAS PROVIDED TO THE FOLLOWING INDIVIDUALS: ANDREW DENTON, GREGORY LEEPER AND SCOTT HAGAN. THE HOUSING ALLOWANCE IS INCLUDED IN THE TAXABLE INCOME OF THE EMPLOYEE. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD IS COMPRISED OF THE PRESIDENT OF THE UNIVERSITY, THE CHAIR, AND THE SECRETARY-TREASURER OF THE BOARD, AND EIGHT OTHER BOARD MEMBERS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO TRANSACT ANY NECESSARY BUSINESS THAT MAY ARISE BETWEEN MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY CONSISTS OF THE FOLLOWING: THE DISTRICT SUPERINTENDENT, THE DISTRICT YOUTH DIRECTOR, AND TWO OTHER MEMBERS. THEY ARE APPOINTED TO THE BOARD OF REGENTS BY EACH OF THE FOLLOWING DISTRICTS OF THE ASSEMBLIES OF GOD: ILLINOIS, INDIANA, IOWA, MICHIGAN, MIDWEST LATIN AMERICAN, MINNESOTA, NEBRASKA, NORTH DAKOTA, NORTHERN MISSOURI, SOUTH DAKOTA AND WISCONSIN-NORTHERN MICHIGAN. IN ADDITION, THE PRESIDENT OF THE COLLEGE AND THE EXECUTIVE PRESBYTER OF THE NORTH CENTRAL REGION OF THE GENERAL COUNCIL OF THE ASSEMBLIES OF GOD ARE GIVEN VOTING POSITIONS ON THE BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS REVIEWED BY MANAGEMENT AND THE EXECUTIVE COMMITTEE PRIOR TO FILING. A PUBLIC INSPECTION COPY OF THE RETURN WAS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND MEMBERS OF THE BOARD OF REGENTS. THE EXECUTIVE COMMITTEE REVIEWS ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST THAT ARE REPORTED, AND TAKES ACTION IF NECESSARY. IF BOARD ACTION IS REQUIRED, THE BOARD MEMBER WITH A CONFLICT OF INTEREST WOULD BE EXCUSED FROM THE VOTING PROCESS TO HELP AVOID THE CONFLICT. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY COLLECTS SALARY INFORMATION THROUGH NUMEROUS SURVEY SOURCES. INCLUDING SEVERAL 990S OF INSTITUTIONS THAT ARE COMPARABLE TO NORTH CENTRAL UNIVERSITY. ONCE THIS INFORMATION IS COLLECTED AND REVIEWED, IT IS SUBMITTED TO OUR BOARD OF REGENTS FOR RECOMMENDATION AND APPROVAL. THE DECISION-MAKING PROCESS, AND ALL DELIBERATION ARE WELL DOCUMENTED IN MEETING MINUTES. THE PROCESS WAS LAST COMPLETED DURING THE OCTOBER 2017 BOR MEETING FOR PRESIDENT SCOTT HAGAN. THE BOARD OF REGENTS REVIEWS PRIOR YEAR FINANCIAL RESULTS AND CURRENT ENROLLMENT GOALS IN THE OCTOBER MEETING. BASED ON THE REVIEW AND OTHER COMPARABLE DATA, A PERCENTAGE COMPENSATION INCREASE IS APPROVED FOR OTHER OFFICERS, IF APPROPRIATE. THIS PROCESS WAS LAST COMPLETED IN OCTOBER 2017 FOR THE VICE PRESIDENT OF ACADEMIC AFFAIRS, EXECUTIVE VICE PRESIDENT, AND VICE PRESIDENT OF SPIRITUAL LIFE. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE MINNESOTA SECRETARY OF STATE, AND UPON REQUEST. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 208. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED FROM THE PRIOR YEAR.