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 rating246 of 91323 of 111
Fund acquisition rating116 of 91512 of 111
Resource allocation rating323 of 91533 of 111
Asset utilization rating589 of 91381 of 111

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%6%9%12%12%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%1%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%18%16%17%16%17%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%1%1%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%82%84%83%84%83%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%87%91%96%89%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%105%104%91%98%104%
Program output ratio Program output ratio =
Program services /
Total revenue
81%92%95%88%87%92%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%-5%-4%9%2%-4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-2%-2%4%1%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%12%8%2%9%10%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.510.320.310.280.290.30
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.731.961.982.012.082.12
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.620.620.600.560.610.64
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.0821.4221.2620.7416.6517.17
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.050.050.050.060.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.9518.3818.9420.3318.4517.61
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%31%30%31%34%35%
Debt ratio Debt ratio =
Debt /
Total assets
16%27%26%27%28%29%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%219%229%248%225%215%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$15,059,515$14,393,018$19,839,407$13,774,900$13,819,553
Receivables, inventories, prepaids$10,048,039$8,749,782$9,417,163$11,620,156$11,304,173
Short-term investments$131,715,986$134,844,412$123,806,067$120,544,293$112,479,408
Other current assets$0$0$0$0$0
Total current assets$156,823,540$157,987,212$153,062,637$145,939,349$137,603,134
Long-term investments$30,131,840$30,982,844$30,904,165$37,321,747$34,577,540
Fixed assets$118,890,598$122,151,497$122,173,399$118,557,045$118,509,618
Other long-term assets$1,554,969$1,533,702$1,368,026$1,287,195$1,243,746
Total long-term assets$150,577,407$154,668,043$154,445,590$157,165,987$154,330,904
Total assets$307,400,947$312,655,255$307,508,227$303,105,336$291,934,038
 
Liabilities20202019201820172016
Payables and accrued expenses$6,047,940$5,944,225$5,891,070$7,323,177$6,394,409
Other current liabilities$1,272,731$1,488,245$1,487,369$1,444,154$1,619,287
Total current liabilities$7,320,671$7,432,470$7,378,439$8,767,331$8,013,696
Debt$82,183,292$82,721,262$83,259,232$83,797,203$84,441,552
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$4,375,270$3,963,254$3,942,154$9,900,873$10,053,910
Total long-term liabilities$86,558,562$86,684,516$87,201,386$93,698,076$94,495,462
Total liabilities$93,879,233$94,116,986$94,579,825$102,465,407$102,509,158
 
Net assets20202019201820172016
Without donor restrictions$141,133,054$144,394,388$139,106,392$129,357,473$120,153,591
With donor restrictions$72,388,660$74,143,881$73,822,010$71,282,456$69,271,289
Net assets$213,521,714$218,538,269$212,928,402$200,639,929$189,424,880
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$16,648,452$14,968,758$15,730,557$14,573,642$14,780,118
Program service revenue$73,011,062$71,606,384$70,041,206$70,158,374$69,650,845
Membership dues$0$0$0$0$0
Investment income$2,692,098$4,808,586$8,627,970$6,630,897$326,592
Other revenue$182,737$281,322$43,172$71,009$97,117
Total other revenue$75,885,897$76,696,292$78,712,348$76,860,280$70,074,554
Total revenue$92,534,349$91,665,050$94,442,905$91,433,922$84,854,672
 
Expenses20202019201820172016
Program services$85,237,410$86,692,146$82,639,826$79,149,058$77,708,715
Management and general$11,393,547$7,317,106$1,492,886$8,326,209$8,923,284
Fundraising$981,531$1,399,113$1,865,111$1,723,525$1,671,828
Total expenses$97,612,488$95,408,365$85,997,823$89,198,792$88,303,827
 
Change in net assets20202019201820172016
Surplus (deficit)($5,078,139)($3,743,315)$8,445,082$2,235,130($3,449,155)
Other changes in net assets$0$0$0$0$0
Total change in net assets($5,078,139)($3,743,315)$8,445,082$2,235,130($3,449,155)

Compensation

NameTitleCompensation
Mary SurridgeNPU President, Ex-Officio$338,049
Anthony ScolaVP Enrollment Mgmt./Marketing$333,193
David KerstenDean of Seminary$314,263
Craig JohnsonProvost$231,458
John WenrichECC President, Ex-Officio$223,379
Scott StenmarkExec. VP and CFO$219,829
Ann HicksDean SBNM / Prof. Accounting$150,055
John BornAVP Athletics & Sport Mgmt.$133,698
Anne McCullahDirector of Finance$90,849

Compensation data as of: 6/30/2020


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