North Park University


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


Phone: 773-244-6200


Organization details

EIN: 361557840

CEO/President: Mary Surridge

Chairman: David Otfinoski

Board size: 30


Year founded: 1942

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


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


To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating144 of 72511 of 87
Fund acquisition rating178 of 72619 of 87
Resource allocation rating71 of 7261 of 87
Asset utilization rating456 of 72568 of 87

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
Spending ratio Spending ratio =
Total expenses /
Total revenue
Program output ratio Program output ratio =
Program services /
Total revenue
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
Debt ratio Debt ratio =
Debt /
Total assets
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses


Balance sheet
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
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
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
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
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
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
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


David ParkynFormer President$398,624
Carl BalsamInterim University President, Ex-Officio$306,985
Gary WalterEx-Officio$274,608
Scott StenmarkExec. VP and CFO$224,305
Michael EmersonProvost$207,119
Mary SurridgeVice President$181,536
Jodi Koslow MartinVice President$178,910
David KerstenDean of Seminary$152,500
Genaro BalcazarVice President$144,151
Anne McCullahDirector of Finance$102,310

Compensation data as of: 6/30/2018

Response from ministry

No response has been provided by this ministry.


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