North Park University

Summary

NPU is located in Chicago's Albany Park and North Park neighborhoods, drawing upon the extraordinary educational assets of a world-class city. As a student at NPU, you can choose from 120+ programs housed in seven colleges and schools, and benefit from a core curriculum designed to forge new and meaningful connections across the sciences, humanities, business, and the arts.


Contact information

Mailing address:
North Park University
3225 West Foster Ave
Chicago, IL 60625-4895

Website: northpark.edu

Phone: 773-244-6200

Email: umc@northpark.edu


Organization details

EIN: 361557840

CEO/President: Mary Surridge

Chairman: David Otfinoski

Board size: 30

Founder:

Year founded: 1942

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Building on our core institutional identity-Christian, city-centered, intercultural-our vision is to create a university of uncommon character and enduring excellence, where faith, learning, and service meet.


Mission statement

The mission of North Park University, as the university of the Evangelical Covenant Church, is to prepare students for lives of significance and service through education in the liberal arts, professional studies, and theology.


Statement of faith

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating222 of 6187 of 85
Fund acquisition rating288 of 61840 of 85
Resource allocation rating32 of 6181 of 85
Asset utilization rating482 of 61846 of 85

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%12%12%11%11%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%17%16%17%19%22%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%83%84%83%81%78%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%96%89%88%89%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%91%98%104%94%83%
Program output ratio Program output ratio =
Program services /
Total revenue
80%88%87%92%83%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%9%2%-4%6%17%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%4%1%-2%3%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%2%9%10%9%9%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.990.280.290.300.280.26
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.812.012.082.122.081.99
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.180.560.610.640.590.52
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.6620.7416.6517.1719.0114.06
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.050.060.060.050.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.7120.3318.4517.6119.3121.49
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%31%34%35%34%35%
Debt ratio Debt ratio =
Debt /
Total assets
0%27%28%29%29%29%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%248%225%215%232%249%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$19,839,407$13,774,900$13,819,553$12,849,217$20,907,548
Receivables, inventories, prepaids$9,417,163$11,620,156$11,304,173$12,447,189$13,414,376
Short-term investments$123,806,067$120,544,293$112,479,408$117,622,914$116,577,089
Other current assets$0$0$0$0$0
Total current assets$153,062,637$145,939,349$137,603,134$142,919,320$150,899,013
Long-term investments$30,904,165$37,321,747$34,577,540$31,571,608$29,076,721
Fixed assets$122,173,399$118,557,045$118,509,618$120,986,875$119,115,184
Other long-term assets$1,368,026$1,287,195$1,243,746$1,245,711$1,206,835
Total long-term assets$154,445,590$157,165,987$154,330,904$153,804,194$149,398,740
Total assets$307,508,227$303,105,336$291,934,038$296,723,514$300,297,753
 
Liabilities20182017201620152014
Payables and accrued expenses$5,891,070$7,323,177$6,394,409$5,970,118$9,213,383
Other current liabilities$1,487,369$1,444,154$1,619,287$1,547,017$1,520,973
Total current liabilities$7,378,439$8,767,331$8,013,696$7,517,135$10,734,356
Debt$83,259,232$83,797,203$84,441,552$85,713,464$85,884,889
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$3,942,154$9,900,873$10,053,910$8,462,917$8,492,334
Total long-term liabilities$87,201,386$93,698,076$94,495,462$94,176,381$94,377,223
Total liabilities$94,579,825$102,465,407$102,509,158$101,693,516$105,111,579
 
Net assets20182017201620152014
Unrestricted$139,106,392$129,357,473$120,153,591$121,950,428$118,861,961
Temporarily restricted$12,701,873$10,624,108$9,251,709$14,172,160$18,540,020
Permanently restricted$61,120,137$60,658,348$60,019,580$58,907,410$57,784,193
Net assets$212,928,402$200,639,929$189,424,880$195,029,998$195,186,174
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$15,730,557$14,573,642$14,780,118$16,627,029$20,506,202
Program service revenue$70,041,206$70,158,374$69,650,845$69,005,839$63,932,025
Membership dues$0$0$0$0$0
Investment income$8,627,970$6,630,897$326,592$4,068,315$9,938,782
Other revenue$43,172$71,009$97,117$63,904$5,034
Total other revenue$78,712,348$76,860,280$70,074,554$73,138,058$73,875,841
Total revenue$94,442,905$91,433,922$84,854,672$89,765,087$94,382,043
 
Expenses20182017201620152014
Program services$82,639,826$79,149,058$77,708,715$74,792,365$69,417,951
Management and general$1,492,886$8,326,209$8,923,284$7,543,630$6,980,839
Fundraising$1,865,111$1,723,525$1,671,828$1,829,398$1,867,785
Total expenses$85,997,823$89,198,792$88,303,827$84,165,393$78,266,575
 
Change in net assets20182017201620152014
Surplus (deficit)$8,445,082$2,235,130($3,449,155)$5,599,694$16,115,468
Other changes in net assets$0$0$0$0$0
Total change in net assets$8,445,082$2,235,130($3,449,155)$5,599,694$16,115,468

Response from ministry

No response has been provided by this ministry.


History

North Park University's history and heritage reach back to a Minneapolis church basement in 1891, where classes in language and business gave Swedish immigrants the skills needed to prosper in America. With an offer of land in Chicago, the school moved to the North Park neighborhood which was then just beyond the city limits. Old Main, the first building on campus, was completed in 1894. Its cupola became a landmark for pilots to locate Orchard Field (now O'Hare International Airport). The cupola was the tallest point on the city's north side. At various points in its history, North Park was an academy, a junior college, and a four-year liberal arts college. We became a university, with a theological seminary, in 1997. Now, North Park is Chicago's city-centered Christian University. It serves nearly 3,200 undergraduate and graduate students from around the country and the world. Within a diverse, close-knit community, it offers a values-based education to students through more than 40 undergraduate majors, as well as graduate and continuing education in business, nonprofit management, nursing, education, music, and theology. Campus facilities have been extensively renovated, including the LEED-certified Johnson Center for Science and Community Life, the Helwig Recreation Center, the Holmgren Athletic Complex, and the Brandel Library.


Program accomplishments


Needs