North Park University

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/27/2020. To update the information in this column, please email: info@ministrywatch.com


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

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating162 of 81714 of 100
Fund acquisition rating121 of 81717 of 100
Resource allocation rating154 of 81713 of 100
Asset utilization rating513 of 81775 of 100

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
19%9%12%12%11%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
10%16%17%16%17%19%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
90%84%83%84%83%81%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%91%96%89%88%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%104%91%98%104%94%
Program output ratio Program output ratio =
Program services /
Total revenue
82%95%88%87%92%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-4%9%2%-4%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-2%4%1%-2%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%8%2%9%10%9%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.310.280.290.300.28
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.881.982.012.082.122.08
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.600.560.610.640.59
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.8621.2620.7416.6517.1719.01
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.170.050.050.060.060.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8018.9420.3318.4517.6119.31
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%30%31%34%35%34%
Debt ratio Debt ratio =
Debt /
Total assets
17%26%27%28%29%29%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%229%248%225%215%232%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$14,393,018$19,839,407$13,774,900$13,819,553$12,849,217
Receivables, inventories, prepaids$8,749,782$9,417,163$11,620,156$11,304,173$12,447,189
Short-term investments$134,844,412$123,806,067$120,544,293$112,479,408$117,622,914
Other current assets$0$0$0$0$0
Total current assets$157,987,212$153,062,637$145,939,349$137,603,134$142,919,320
Long-term investments$30,982,844$30,904,165$37,321,747$34,577,540$31,571,608
Fixed assets$122,151,497$122,173,399$118,557,045$118,509,618$120,986,875
Other long-term assets$1,533,702$1,368,026$1,287,195$1,243,746$1,245,711
Total long-term assets$154,668,043$154,445,590$157,165,987$154,330,904$153,804,194
Total assets$312,655,255$307,508,227$303,105,336$291,934,038$296,723,514
 
Liabilities20192018201720162015
Payables and accrued expenses$5,944,225$5,891,070$7,323,177$6,394,409$5,970,118
Other current liabilities$1,488,245$1,487,369$1,444,154$1,619,287$1,547,017
Total current liabilities$7,432,470$7,378,439$8,767,331$8,013,696$7,517,135
Debt$82,721,262$83,259,232$83,797,203$84,441,552$85,713,464
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$3,963,254$3,942,154$9,900,873$10,053,910$8,462,917
Total long-term liabilities$86,684,516$87,201,386$93,698,076$94,495,462$94,176,381
Total liabilities$94,116,986$94,579,825$102,465,407$102,509,158$101,693,516
 
Net assets20192018201720162015
Unrestricted$144,394,388$139,106,392$129,357,473$120,153,591$121,950,428
Temporarily restricted$11,859,147$12,701,873$10,624,108$9,251,709$14,172,160
Permanently restricted$62,284,734$61,120,137$60,658,348$60,019,580$58,907,410
Net assets$218,538,269$212,928,402$200,639,929$189,424,880$195,029,998
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$14,968,758$15,730,557$14,573,642$14,780,118$16,627,029
Program service revenue$71,606,384$70,041,206$70,158,374$69,650,845$69,005,839
Membership dues$0$0$0$0$0
Investment income$4,808,586$8,627,970$6,630,897$326,592$4,068,315
Other revenue$281,322$43,172$71,009$97,117$63,904
Total other revenue$76,696,292$78,712,348$76,860,280$70,074,554$73,138,058
Total revenue$91,665,050$94,442,905$91,433,922$84,854,672$89,765,087
 
Expenses20192018201720162015
Program services$86,692,146$82,639,826$79,149,058$77,708,715$74,792,365
Management and general$7,317,106$1,492,886$8,326,209$8,923,284$7,543,630
Fundraising$1,399,113$1,865,111$1,723,525$1,671,828$1,829,398
Total expenses$95,408,365$85,997,823$89,198,792$88,303,827$84,165,393
 
Change in net assets20192018201720162015
Surplus (deficit)($3,743,315)$8,445,082$2,235,130($3,449,155)$5,599,694
Other changes in net assets$0$0$0$0$0
Total change in net assets($3,743,315)$8,445,082$2,235,130($3,449,155)$5,599,694

Compensation

NameTitleCompensation
David ParkynFormer President$284,590
Mary SurridgeNPU President, Ex-Officio$281,601
Carl BalsamInterim University President$277,573
Gary WalterTrustee, Ex-Officio$238,797
Scott StenmarkExec. VP and CFO$208,082
Michael EmersonProvost$207,200
David KerstenDean of Seminary$166,627
John WenrichECC President, Ex-Officio$161,760
Shena KeithVP for Advancement$149,340
Linda DuncanDean, School of Nursing$148,240
Jodi Koslow MartinVP for Student Engagement$148,217
Anne McCullahDirector of Finance$105,515

Compensation data as of: 6/30/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 10/27/2020. To update the information below, please email: info@ministrywatch.com


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