Civic Intelligence

North Central College

EIN 36-2169157 • 501(c)3 • Naperville, IL

Profile

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.

30 N Brainard StreetNaperville, IL 60540

www.northcentralcollege.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.26x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.64x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

51st percentile

3.6%

Higher net margin than 51% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-9.4%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

9.2%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Assets

Up

$377,229,202

Up $3,517,080 (+0.9%) from 2024

Liabilities

Down

$83,809,355

Down $4,663,268 (-5.3%) from 2024

Net Assets

Up

$293,419,847

Up $8,180,348 (+2.9%) from 2024

Revenue

Down

$160,119,987

Down $1,601,793 (-1.0%) from 2024

Expenses

Up

$158,858,694

Up $5,416,231 (+3.5%) from 2024

Net Income

Down

$1,261,293

Down $7,018,024 (-85%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $228,345,563Liabilities 2010: $59,332,378Net Assets 2010: $169,013,1852010Assets 2011: $245,529,442Liabilities 2011: $55,654,298Net Assets 2011: $189,875,1442011Assets 2012: $249,280,123Liabilities 2012: $59,031,727Net Assets 2012: $190,248,3962012Assets 2013: $258,589,347Liabilities 2013: $56,381,067Net Assets 2013: $202,208,2802013Assets 2014: $279,981,381Liabilities 2014: $56,080,584Net Assets 2014: $223,900,7972014Assets 2015: $313,276,425Liabilities 2015: $84,935,940Net Assets 2015: $228,340,4852015Assets 2016: $308,929,665Liabilities 2016: $89,709,415Net Assets 2016: $219,220,2502016Assets 2017: $353,467,190Liabilities 2017: $112,138,644Net Assets 2017: $241,328,5462017Assets 2018: $341,028,924Liabilities 2018: $89,429,978Net Assets 2018: $251,598,9462018Assets 2019: $350,036,444Liabilities 2019: $90,312,346Net Assets 2019: $259,724,0982019Assets 2020: $362,226,785Liabilities 2020: $113,723,378Net Assets 2020: $248,503,4072020Assets 2021: $398,179,906Liabilities 2021: $110,846,502Net Assets 2021: $287,333,4042021Assets 2022: $360,900,664Liabilities 2022: $94,658,880Net Assets 2022: $266,241,7842022Assets 2023: $362,255,957Liabilities 2023: $93,339,893Net Assets 2023: $268,916,0642023Assets 2024: $373,712,122Liabilities 2024: $88,472,623Net Assets 2024: $285,239,4992024Assets 2025: $377,229,202Liabilities 2025: $83,809,355Net Assets 2025: $293,419,8472025

Highlighted filing

2025

Assets$377,229,202
Liabilities$83,809,355
Net Assets$293,419,847

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $81,901,4142010Expenses 2011: $90,001,7042011Expenses 2012: $97,561,5052012Expenses 2013: $101,906,3702013Revenue 2014: $116,693,729Expenses 2014: $105,849,170Net Income 2014: $10,844,5592014Revenue 2015: $127,609,403Expenses 2015: $111,529,949Net Income 2015: $16,079,4542015Revenue 2016: $114,703,588Expenses 2016: $116,449,663Net Income 2016: -$1,746,0752016Revenue 2017: $131,704,383Expenses 2017: $124,409,577Net Income 2017: $7,294,8062017Revenue 2018: $133,873,642Expenses 2018: $129,763,360Net Income 2018: $4,110,2822018Revenue 2019: $144,823,219Expenses 2019: $133,828,139Net Income 2019: $10,995,0802019Revenue 2020: $135,038,989Expenses 2020: $134,497,393Net Income 2020: $541,5962020Revenue 2021: $135,795,363Expenses 2021: $131,929,870Net Income 2021: $3,865,4932021Revenue 2022: $148,355,920Expenses 2022: $143,009,108Net Income 2022: $5,346,8122022Revenue 2023: $140,060,863Expenses 2023: $147,438,782Net Income 2023: -$7,377,9192023Revenue 2024: $161,721,780Expenses 2024: $153,442,463Net Income 2024: $8,279,3172024Revenue 2025: $160,119,987Expenses 2025: $158,858,694Net Income 2025: $1,261,2932025

Highlighted filing

2025

Revenue$160,119,987
Expenses$158,858,694
Net Income$1,261,293

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$377$83.8$293$160$159$1.26
2024Detailed filing. Detailed filing data is available for this year.$374$88.5$285$162$153$8.28
2023Detailed filing. Detailed filing data is available for this year.$362$93.3$269$140$147$7.38
2022Detailed filing. Detailed filing data is available for this year.$361$94.7$266$148$143$5.35
2021Detailed filing. Detailed filing data is available for this year.$398$111$287$136$132$3.87
2020Detailed filing. Detailed filing data is available for this year.$362$114$249$135$134$0.54
2019Detailed filing. Detailed filing data is available for this year.$350$90.3$260$145$134$11.0
2018Detailed filing. Detailed filing data is available for this year.$341$89.4$252$134$130$4.11
2017Detailed filing. Detailed filing data is available for this year.$353$112$241$132$124$7.29
2016Detailed filing. Detailed filing data is available for this year.$309$89.7$219$115$116$1.75
2015Detailed filing. Detailed filing data is available for this year.$313$84.9$228$128$112$16.1
2014Detailed filing. Detailed filing data is available for this year.$280$56.1$224$117$106$10.8
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$259$56.4$202$102
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$249$59.0$190$97.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$246$55.7$190$90.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$228$59.3$169$81.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 18, 2026
Return Version
2024v5.1
Gross Receipts
$182,961,489
Mission and Program Overview

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.

North central college prepares students to become curious, engaged, ethical, and purposeful citizens and leaders in local, national and global contexts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$202,527,699$195,135,343▼ $7,392,356
Investments in Publicly Traded Securities$109,122,380$116,575,685▲ $7,453,305
Investments Other Securities$31,345,384$35,348,110▲ $4,002,726
Savings and Temporary Cash Investments$15,652,393$21,070,448▲ $5,418,055
Other Notes and Loans Receivable, Net$4,283,456$3,715,203▼ $568,253
Prepaid Expenses and Deferred Charges$6,267,329$2,492,422▼ $3,774,907
Accounts Receivable$1,644,328$1,775,459▲ $131,131
Pledges and Grants Receivable$1,480,870$933,567▼ $547,303
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$373,712,122$377,229,202▲ $3,517,080
Other Assets Total$1,388,283$182,965▼ $1,205,318
Liabilities
Tax Exempt Bond Liabilities$79,157,289$76,677,207▼ $2,480,082
Accounts Payable and Accrued Expenses$6,080,431$3,821,520▼ $2,258,911
Deferred Revenue$2,226,957$2,445,808▲ $218,851
Other Liabilities$1,007,946$864,820▼ $143,126
Total Liabilities$88,472,623$83,809,355▼ $4,663,268
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$183,492,343$182,408,919▼ $1,083,424
Net Assets With Donor Restrictions$101,747,156$111,010,928▲ $9,263,772
Total Net Assets Fund Balance$285,239,499$293,419,847▲ $8,180,348
Total Liabilities and Net Assets / Fund Balance$373,712,122$377,229,202▲ $3,517,080

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$183,790,846$100,993,254$284,784,100
Equipment$2,809,394$30,057,984$32,867,378
Land$8,229,544-$8,229,544
Other Land Buildings$305,559-$305,559
Other Securities$1,329,010--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$139,739,937$1,728,652▲ $15,500,829$3,481,585$153,157,697
2023$127,696,747$2,694,755▲ $15,265,651$4,179,186$139,739,937
2022$119,133,580$3,687,322▲ $11,658,032$4,648,990$127,696,747
2021$144,883,225$992,723▼ $20,000,890$4,381,204$119,133,580
2020$112,843,418$3,361,565▲ $33,903,421$3,448,591$144,883,225
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anita ThomasPresident (Until 7/30/2024)FT$235,263$742,895$978,158
Abiodun Goke-PariolaPresidentFT$283,796$63,203$346,999
Adrian AldrichVice President for Institutional Advancement (Until 11/15/2024)FT$163,879$152,496$316,375
Jessica BrownVice President for Student Affairs and Athletics (Until 11/15/2024)FT$156,169$152,182$308,351
Agnieszka HanniVice President for Enrollment Management and MarketingFT$205,022$39,647$244,669
Maryellen SkerikVice President for FinanceFT$205,048$36,424$241,472
Matthew BurdenVice President for Information and TechnologyFT$182,896$48,991$231,887
Michael HudsonVice President for OperationsFT$178,418$50,534$228,952
James GodoVice President for Communication and Strategic InitiativesFT$175,936$19,289$195,225
Mary GrollDean of the School of Education and Health Sciences, Chair Medical SciencesFT$139,241$54,343$193,584
Kristin GeratyProvost and Vice President for Academic AffairsFT$169,081$23,083$192,164
Stephen CaliendoDean of the College of Arts and SciencesFT$130,225$45,179$175,404
Sara ScholtesProfessor and Chair, Department of Physical TherapyFT$155,228$17,998$173,226
Frank HarwathProfessor of Engineering, Director of Engineering ProgramFT$139,981$31,728$171,709
Thomas CavenaghProfessor/Director of Leadership Ethics & ValueFT$149,956$17,504$167,460

Board Members and Trustees

NameTitle
Mike NasetChair of the Board
Joseph MallonChair, Audit Committee
Maureen RyanVice Chair, Academic Affairs Committee
Andrea BeckVice Chair, Business Affairs Committee
John KaltenmarkVice Chair, Insitutional Advancement Committee
Erin BishopVice Chair, Student Affairs & Athletics Committee
Ali SetorkBoard Member
Bishop Daniel SchwerinBoard Member
Connor McGuryBoard Member
Dave KelschBoard Member
Donald SharpBoard Member
Gerald McCaddBoard Member
InSun HoBoard Member
Jeff SwallowBoard Member
Jon DeSouzaBoard Member
Kam KnissBoard Member
Kathy BirkettBoard Member
Kathy GuthrieBoard Member
Kris HartnerBoard Member
Lee WoolleyBoard Member
Mark WrightBoard Member
Matt BrillBoard Member
Michael AllaraBoard Member
Nancy HansonBoard Member
Raymond KinneyBoard Member
Rowena Felix-SalasBoard Member
Sanjeeb KhatuaBoard Member
Scott WehrliBoard Member
Steve RubinBoard Member
Steve SellersBoard Member
Tom MiersBoard Member
Tom PalekaBoard Member
Tracie MorrisBoard Member
Kevin GenslerBoard Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Bulley rews LLCConstruction Services1755 W Armitage Ave, Chicago, IL 60622$6,291,718
Parkhurst Dining ServiceFood Services And Hospitality285 East Waterfront Drive, Homestead, PA 15120$5,910,484
Diverse Facility Solutions IncCleaning Services12838 S Cicero Ave, Alsip, IL 60803$1,686,080
Dukane Precast IncConstruction Services1805 High Grove Lane, Naperville, IL 60540$577,381
Huron Consulting Group IncConstruction Services550 W Van Buren St 1700, Chicago, IL 60607$467,232
Revenue and Support

Revenue Composition

Contributions and Grants
$7,823,143
Program Service Revenue
$143,061,085
Investment Income
$7,318,321
Other Revenue
$1,917,438
All Other Contributions
$7,115,209
Change in Net Assets
$1,261,293

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded40,257$1,123,911Market value
Total Noncash Contributions40,257$1,123,911-

Audited Revenue Reconciliation

Revenue per Audited Statements
$160,465,423
Revenue Not Reported on Financial Statements
$-345,436
Revenue Not Reported on Form 990
$-61,289,054
Other Revenue Adjustments
$-345,436
Total Revenue per Audited Statements
$99,176,369
Total Revenue per Form 990
$160,119,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$68,208,109
Salaries, Compensation, and Employee Benefits$50,879,709
Other Expenses$39,770,876
Total Fundraising Expense$1,641,551
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$68,208,109--$68,208,109
Other Salaries and Wages$35,509,216$1,894,976$538,608$37,942,800
Occupancy$8,985,878$906,397$55,671$9,947,946
Depreciation Depletion$8,466,132$517,453-$8,983,585
Other Employee Benefits$2,719,908$1,517,720$48,236$4,285,864
Current Officers, Directors, Trustees, and Key Employees$1,433,681$1,069,381$478,675$2,981,737
Fees for Services Other$2,321,547$523,044$63,848$2,908,439
Payroll Taxes$2,610,112$160,103$66,295$2,836,510
Pension Plan Contributions$2,521,843$143,267$58,235$2,723,345
Interest$2,300,023$140,578-$2,440,601
Information Technology$1,111,183$879,067$2,273$1,992,523
Travel$1,693,477$16,795$21,646$1,731,918
Advertising$673,745$165,798$41,993$881,536
All Other Expenses$634,776$190,196$1,026$825,998
Office Expenses$690,322$-14,250$17,971$694,043
Other Expenses$547,868$109,573$34,390$691,831
Fees for Service Investment Mgmnt Fees-$414,167-$414,167
Conferences and Meetings$268,379$10,950$1,568$280,897
Insurance$268,749--$268,749
Comp Disqual Persons$109,453--$109,453
Fees for Services Legal$35,309$46,620$17,998$99,927
Fees for Services Accounting$16,382$65,529-$81,911
Royalties$6,273--$6,273
Total Functional Expenses$148,262,931$8,954,212$1,641,551$158,858,694

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$158,858,694
Total Expenses per Audited Statements$90,996,021
Expenses per Audited Statements$90,650,585
Expenses Not Reported on Financial Statements$68,208,109
Other Expense Adjustments$68,208,109
Expenses Not Reported on Form 990$345,436
International Activity

International Summary

Offices
0
Employees
3
Spending
$20,669,090

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsRecruiting00$20,572,247
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad03$63,865
East Asia and the Pacific,Program ServicesStudy Abroad00$31,659
North America (Canada & Mexico only)Program Services-00$1,132
Middle East and North AfricaProgram ServicesRecruiting00$187
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Mark Wright, Board Member, Is Also President/ceo of Diverse Facility Solutions Inc.Facility Janitorial ServicesNo$1,479,858
-David Kelsch, Board Member, Is Also the President and CEO of Advanced Data Technologies Inc.TechnologyNo$231,503
-Daughter of Current TrusteeEmploymentNo$104,413

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$645,099
Refundable Loan$145,354
Split Interest Agreements$74,367
Other Long-term Liability-

Bond Issues

BondIssuerIssuedIssue PricePurpose
BIllinois Finance Authority2024-10-01$33,953,000SEE STATEMENT
CIllinois Finance Authority2024-10-01$24,580,000SEE STATEMENT
AIllinois Finance Authority2020-05-28$21,524,000SEE STATEMENT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$33,953,000$33,749,675$0$203,325
C$24,580,000$24,174,000$0$406,000
A$21,524,000$0$2,685,000$274,538

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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: 248115, Related or Exempt Function Revenue: 248115, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Midwest College Chinese Speech : Other Income - Total Revenue: 17900, Related or Exempt Function Revenue: 17900, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; WONC : Other Income - Total Revenue: 7920, Related or Exempt Function Revenue: 7920, 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: ; Newman Catholic Campus Ministry Other Income - Total Revenue: 344, Related or Exempt Function Revenue: 344, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Athletic Department : Other Income - Total Revenue: 380, Related or Exempt Function Revenue: 380, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Coffee Lab Other income - Total Revenue: 100, Related or Exempt Function Revenue: 100, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Kinesiology Other Income - Total Revenue: 99, Related or Exempt Function Revenue: 99, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

ATHLETIC GATE RECEIPTS - Total Revenue: 19621, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 19621;

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.

Filing and Contact Details

Filer

Filer Name
North Central College
EIN
36-2169157
Phone
6306375680
Address
30 N BRAINARD STREET, NAPERVILLE, IL 60540

Signing Officer

Name
Maryellen Skerik
Title
Vice President for Finance
Phone
6306375678
Signed
2026-03-18
Discuss with paid preparer
Yes

Organization Details

Formed
1861
Legal Domicile
Il
Voting Board Members
35
Independent Board Members
34
Employees
1,601
Volunteers
100

Preparer

Firm
Forvis Mazars LLP
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Lauren Denton
Phone
6302829500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENT - -1205319; CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT - 306994; OTHER TRANSFERS - -10643; Total - -908968;

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 1,100 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 - accrual europe - accrual south asia - accrual central america and the caribbean - accrual

Financial Statement Notes

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 - -68208109 change in fv of int rate swap - -1205319 change in value of split-int agreement - 306994 other losses - -10643

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 - -345436

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Schedule d, part xi, line 4(b) - other revenue rental expense - 345436

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Scholarships included in net tuition and fees - 68208109

Raw XML AppendixShowing 400 of 1,611 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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