North Park University

The information on this page was last updated 3/22/2023. If you see errors or omissions, please email: [email protected]


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: [email protected]


Organization details

EIN: 361557840

CEO/President: Mary K. Surridge

Chairman: David Otfinoski

Board size: 30

Founder: Evangelical Covenant Church (ECC)

Ruling year: 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.

Aspiration:

North Park University will be distinguished as the nation's leading city-centered Christian university during the coming decade and beyond.

The University's learning community is differentiated by adopting the city as both subject and place of learning as a foundation for academic excellence. Within this framework, the University educates students from diverse backgrounds, cultures, and prior academic experiences, practicing Christian hospitality with students of all faith traditions while centering in the Affirmations of the Evangelical Covenant Church.

The University will be known through its graduates who are equipped in their respective careers to advance the vitality of the world's people and their cities, prepared to cross cultures, and formed in Christian community for leadership and service in the church and the world.


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

North Park University was founded in 1891 by the Evangelical Covenant Church (ECC), a rapidly growing, multi-ethnic denomination with over 800 congregations in the United States and Canada and ministries on five continents.

Donor confidence score

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Transparency grade

C

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Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating397 of 111050 of 129
Fund acquisition rating509 of 111160 of 129
Resource allocation rating61 of 11113 of 129
Asset utilization rating836 of 1110112 of 129

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%10%6%6%9%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%2%1%1%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%17%16%18%16%17%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%2%1%1%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%83%84%82%84%83%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%94%88%87%91%96%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%112%98%105%104%91%
Program output ratio Program output ratio =
Program services /
Total revenue
80%105%87%92%95%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%-12%2%-5%-4%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-4%1%-2%-2%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%5%11%12%8%2%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.280.270.320.310.28
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.692.831.841.961.982.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.440.790.500.620.600.56
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.2316.9518.8921.4221.2620.74
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.060.050.050.050.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.2914.2622.7418.3818.9420.33
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%27%28%31%30%31%
Debt ratio Debt ratio =
Debt /
Total assets
11%24%24%27%26%27%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%261%267%219%229%248%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$8,092,648$8,855,178$15,059,515$14,393,018$19,839,407
Receivables, inventories, prepaids$10,525,393$13,225,825$10,048,039$8,749,782$9,417,163
Short-term investments$96,962,104$163,882,513$131,715,986$134,844,412$123,806,067
Other current assets$0$0$0$0$0
Total current assets$115,580,145$185,963,516$156,823,540$157,987,212$153,062,637
Long-term investments$99,539,251$40,174,295$30,131,840$30,982,844$30,904,165
Fixed assets$109,890,921$114,502,297$118,890,598$122,151,497$122,173,399
Other long-term assets$1,932,160$1,694,466$1,554,969$1,533,702$1,368,026
Total long-term assets$211,362,332$156,371,058$150,577,407$154,668,043$154,445,590
Total assets$326,942,477$342,334,574$307,400,947$312,655,255$307,508,227
 
Liabilities20222021202020192018
Payables and accrued expenses$5,463,629$8,178,379$6,047,940$5,944,225$5,891,070
Other current liabilities$1,354,002$1,663,769$1,272,731$1,488,245$1,487,369
Total current liabilities$6,817,631$9,842,148$7,320,671$7,432,470$7,378,439
Debt$78,777,588$80,745,321$82,183,292$82,721,262$83,259,232
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,727,592$3,577,538$4,375,270$3,963,254$3,942,154
Total long-term liabilities$81,505,180$84,322,859$86,558,562$86,684,516$87,201,386
Total liabilities$88,322,811$94,165,007$93,879,233$94,116,986$94,579,825
 
Net assets20222021202020192018
Without donor restrictions$146,718,305$161,023,499$141,133,054$144,394,388$139,106,392
With donor restrictions$91,901,361$87,146,068$72,388,660$74,143,881$73,822,010
Net assets$238,619,666$248,169,567$213,521,714$218,538,269$212,928,402
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$13,928,414$15,109,486$16,648,452$14,968,758$15,730,557
Program service revenue$73,388,195$69,624,286$73,011,062$71,606,384$70,041,206
Membership dues$0$0$0$0$0
Investment income($5,350,331)$9,580,959$2,692,098$4,808,586$8,627,970
Other revenue$0$179,928$182,737$281,322$43,172
Total other revenue$68,037,864$79,385,173$75,885,897$76,696,292$78,712,348
Total revenue$81,966,278$94,494,659$92,534,349$91,665,050$94,442,905
 
Expenses20222021202020192018
Program services$85,875,922$82,189,063$85,237,410$86,692,146$82,639,826
Management and general$4,253,944$9,892,787$11,393,547$7,317,106$1,492,886
Fundraising$1,386,313$864,369$981,531$1,399,113$1,865,111
Total expenses$91,516,179$92,946,219$97,612,488$95,408,365$85,997,823
 
Change in net assets20222021202020192018
Surplus (deficit)($9,549,901)$1,548,440($5,078,139)($3,743,315)$8,445,082
Other changes in net assets$0$0$0$0$0
Total change in net assets($9,549,901)$1,548,440($5,078,139)($3,743,315)$8,445,082

Compensation

NameTitleCompensation
Mary SurridgePresident Ex Officio$300,000
John WenrichECC President Ex Officio$210,161
Scott StenmarkExecutive VP CFO$185,000
Craig JohnsonProvost$175,000
Anthony ScolaVP Enrollment Mgt$160,000
David KerstenDean of Seminary$145,000
Debra WilburnDirector of Finance$124,851
John BornAVP Athletics Sports$117,000
Ann HicksDean SBNM Prof of Acctg$115,000

Compensation data as of: 6/30/2022


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 3/22/2023. To update the information below, please email: [email protected]


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


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