North Central College prepares students to become curious, engaged, ethical, and purposeful citizens and leaders in local, national and global contexts.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$2.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $2.0M a year · 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.6M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $110.6M in investments, Pt X · Ln 11–13
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $31K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$113.7M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
34
of 39 voting members
Looks good: 34 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$135.0M
Spent
$134.5M
To programs
92%
Net assets
$248.5M
By yearFY2020–FY2025
Revenue
$135.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$135.0M
FY2021$135.8M
FY2022$148.4M
FY2023$140.1M
FY2024$161.7M
FY2025$160.1M
Expenses
$134.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$134.5M
FY2021$131.9M
FY2022$143.0M
FY2023$147.4M
FY2024$153.4M
FY2025$158.9M
Net assets
$248.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$248.5M
FY2021$287.3M
FY2022$266.2M
FY2023$268.9M
FY2024$285.2M
FY2025$293.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $123.9M Management & general 6% · $8.5M Fundraising 2% · $2.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

51 people listed on the 990; $2.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$505,775Pt VII · Sec A
Provost/VP for Academic Affairs
$237,739Pt VII · Sec A
VP Institutional Advancement
$233,971Pt VII · Sec A
VP for Enrollment Management and Athletics
$202,643Pt VII · Sec A
VP for Finance
$182,105Pt VII · Sec A
VP for Student Affairs and Dean of Students
$176,225Pt VII · Sec A
VP for Information & Technology/CIO
$173,918Pt VII · Sec A
VP for Operations
$159,310Pt VII · Sec A

Anita Thomas’s $956K as President (until 7/30/2024) is at the 73rd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Anita Thomas$956,109$203,151————
Troy Hammond——$509,026$823,200$499,288$505,775
Jessica Brown$295,235$166,643$159,503$68,678——
Abiodun Goke-Pariola$292,305$235,152$239,450$242,652$237,428$237,739
Adrian Aldrich$276,826$165,697$148,151———
Rick E Spencer———$139,846$226,682$233,971
Maryellen Skerik$210,673$202,817$198,389$199,028$190,624$182,105
Agnieszka Hanni$205,904$131,707————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See North Central College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides a comprehensive liberal arts education and residential campus services to prepare students for leadership and ethical citizenship in local and global communities.

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Provided by the organization

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3 programs · $123.9M · in their own filed words · FY2019
01

Instruction, academic support, academic advising & financial aid, faculty instruction for degree candidates, community education, and master's degree programs are provided. 93% of the full-time teaching faculty members have a doctorate or terminal degree.

$94.9Mprogram expense
02

Student services and athletics offices servicing the student body include admissions, international recruiting, financial aid administration expense, registrar, dean of students, ministry and service, community services, career development, the wellness center, student involvement, orientation, multicultural affairs, and athletic…

$14.6Mprogram expense
03

Auxiliary services include residence life, student housing, and food services. Facilities include kaufman (a full service dining hall), the cage (a quick service cook-to-order facility), au bon pain and the boilerhouse cafe. The college store and student gathering spaces are also included in auxiliary service.

$14.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$31K
See all 3 funders →
Grants paid · 7 grants · $356.5M · 2019–2024
Unitemized GrantFY2024$68,208,109
Unitemized GrantFY2023$63,172,206
Unitemized GrantFY2022$58,026,367
Unitemized GrantFY2021$56,866,687
Unitemized GrantFY2020$55,610,688
Unitemized GrantFY2019$54,595,497

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$135.0M
Ln 12
Fees for servicesLn 2g$120.7M
Gifts and grantsLn 1h$8.4M
Investment incomeLn 3$4.7M
Money outPt IX
$134.5M
Ln 25
Programscol B$123.9M
Managementcol C$8.5M
Fundraisingcol D$2.1M
Owns and owesPt X
$248.5M
net assets · Ln 32
Cash and savingsLn 1–2$51.1M
Total assetsLn 16$362.2M
LiabilitiesLn 26$113.7M
PeoplePt VI, VII
51
listed · VII A
PaidVII A14
Voting boardVI 1a39
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.4M
Government grantsLn 1e$1.5M
Noncash giftsLn 1g$591K
Fees for servicesLn 2g$120.7M
Investment incomeLn 3$4.7M
Other incomeLn 4–11$1.4M
Gains on assetsLn 7$2.2M
Total revenueLn 12$135.0M
Assets in detailPt X, end of year
SavingsLn 2$51.1M
Cash and savings togetherLn 1–2$51.1M
InvestmentsLn 11–13$110.6M
Land, buildings, equipmentLn 10c$186.2M
Other assetsLn 15$160K
Total assetsLn 16$362.2M
LiabilitiesLn 26$113.7M
Net assetsLn 32$248.5M
OperationsPt I, VI
EmployeesI 51,622
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$21.4M$51.1M
InvestmentsLn 11–13$117.0M$110.6M
Land, buildings, equipmentLn 10c$187.7M$186.2M
Total assetsLn 16$350.0M$362.2M
LiabilitiesLn 26$90.3M$113.7M
Net assetsLn 32$259.7M$248.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$54.6M$54.6M
Pay of current officers, directors and key staffLn 5$2.3M$1.3M$569K$347K
Pay of disqualified personsLn 6$351K$284K$43K$24K
Other salaries and wagesLn 7$31.6M$28.5M$2.3M$786K
Pension plan contributionsLn 8$2.8M$2.4M$223K$107K
Other employee benefitsLn 9$4.6M$2.7M$1.8M$135K
Payroll taxesLn 10$2.4M$2.2M$256K$13K
Legal feesLn 11b$143K$72K$71K
Accounting feesLn 11c$108K$22K$87K
Lobbying feesLn 11d$56K$56K
Professional fundraising feesLn 11e$12K$12K
Investment management feesLn 11f$256K$51K$205K
Other fees for servicesLn 11g$1.5M$1.2M$160K$146K
Advertising and promotionLn 12$961K$685K$200K$76K
Office expensesLn 13$1.8M$1.6M$161K$50K
Information technologyLn 14$1.2M$712K$466K$4K
RoyaltiesLn 15$5K$5K
OccupancyLn 16$7.9M$7.3M$555K
TravelLn 17$1.4M$1.3M$74K$61K
Conferences, conventions and meetingsLn 19$207K$181K$21K$5K
InterestLn 20$2.0M$2.0M$71K
Depreciation, depletion and amortizationLn 22$7.9M$7.6M$276K
InsuranceLn 23$138K$134K$3K
Other expenses (24a–d)Ln 24$6.9M$5.9M$665K$298K
All other expensesLn 24e$3.4M$3.1M$300K$0
Total functional expensesLn 25$134.5M$123.9M$8.5M$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $160.1M$158.9M$1.3M$293.4M 990 PDF
FY2024 $161.7M$153.4M$8.3M$285.2M 990 PDF
FY2023 $140.1M$147.4M−$7.4M$268.9M 990 PDF
FY2022 $148.4M$143.0M$5.3M$266.2M 990 PDF
FY2021 $135.8M$131.9M$3.9M$287.3M 990 PDF
FY2020 Viewing $135.0M$134.5M$542K$248.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $135,038,989 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,749,525$8,357,268
I-9 Program service revenuePrior year $120,049,668$120,664,795
I-10 Investment incomePrior year $6,039,063$4,656,631
I-11 Other revenuePrior year $1,984,963$1,360,295
I-12 Total revenuePrior year $144,823,219$135,038,989
I-13 Grants and similar amounts paidPrior year $53,418,400$54,595,497
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $43,741,474$44,027,675
I-16a Professional fundraising feesPrior year $31,500$12,050
I-17 Other expensesPrior year $36,636,765$35,862,171
I-18 Total expensesPrior year $133,828,139$134,497,393
I-19 Revenue less expensesPrior year $10,995,080$541,596
Part VI · Governance 34 of 39 board members independent, 1 to look at
VI-1a Voting members of the governing body39
VI-1b Independent voting members34
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $135,038,989 across 10 lines filed
Lines not itemized here account for $49,623 of total revenue; see the IRS return.
VIII-1e Government grants$1,511,235
VIII-1f All other contributions, gifts and grants$6,846,033
VIII-1g Noncash contributions (included above)$590,935
VIII-1h Total contributions, gifts and grants$8,357,268
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $120,664,795$120,664,795
VIII-3 Investment incomeExcluded from tax $2,412,802$2,412,802
VIII-6 Net rental income or lossRelated to mission $467,312 · Unrelated business $211,441$678,753
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,243,829$2,243,829
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $631,919$631,919
VIII-12 Total revenueRelated to mission $121,132,107 · Unrelated business $211,441 · Excluded from tax $5,338,173$135,038,989
Part IX · Statement of functional expenses $134,497,393 across 25 lines filed
IX-2 Grants to domestic individualsPrograms $54,595,497$54,595,497
IX-5 Pay of current officers, directors and key staffPrograms $1,339,307 · Management $568,829 · Fundraising $347,137$2,255,273
IX-6 Pay of disqualified personsPrograms $284,088 · Management $42,717 · Fundraising $23,832$350,637
IX-7 Other salaries and wagesPrograms $28,512,088 · Management $2,299,527 · Fundraising $785,975$31,597,590
IX-8 Pension plan contributionsPrograms $2,422,535 · Management $222,835 · Fundraising $106,865$2,752,235
IX-9 Other employee benefitsPrograms $2,707,722 · Management $1,786,825 · Fundraising $134,854$4,629,401
IX-10 Payroll taxesPrograms $2,173,851 · Management $255,966 · Fundraising $12,722$2,442,539
IX-11b Legal feesPrograms $71,700 · Management $71,401$143,101
IX-11c Accounting feesPrograms $21,663 · Management $86,653$108,316
IX-11d Lobbying feesFundraising $55,572$55,572
IX-11e Professional fundraising feesFundraising $12,050$12,050
IX-11f Investment management feesPrograms $51,205 · Management $204,820$256,025
IX-11g Other fees for servicesPrograms $1,202,822 · Management $160,347 · Fundraising $145,561$1,508,730
IX-12 Advertising and promotionPrograms $684,683 · Management $199,810 · Fundraising $76,195$960,688
IX-13 Office expensesPrograms $1,612,495 · Management $161,328 · Fundraising $50,382$1,824,205
IX-14 Information technologyPrograms $711,660 · Management $466,200 · Fundraising $3,529$1,181,389
IX-15 RoyaltiesPrograms $5,097$5,097
IX-16 OccupancyPrograms $7,309,089 · Management $554,974$7,864,063
IX-17 TravelPrograms $1,287,314 · Management $73,974 · Fundraising $60,805$1,422,093
IX-19 Conferences, conventions and meetingsPrograms $181,085 · Management $21,210 · Fundraising $4,506$206,801
IX-20 InterestPrograms $1,950,504 · Management $70,994$2,021,498
IX-22 Depreciation, depletion and amortizationPrograms $7,576,182 · Management $275,755$7,851,937
IX-23 InsurancePrograms $134,305 · Management $3,207$137,512
IX-24 Other expenses (24a–d)Programs $5,947,918 · Management $665,188 · Fundraising $298,190$6,911,296
IX-24e All other expensesPrograms $3,104,310 · Management $299,538 · Fundraising $0$3,403,848
IX-25 Total functional expensesPrograms $123,887,120 · Management $8,492,098 · Fundraising $2,118,175$134,497,393
Part X · Balance sheet $362,226,785 assets, 18 lines filed
Asset lines not itemized here account for $6,053,569; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $21,360,835$51,064,941
X-3 Pledges and grants receivableStart of year $12,781,333$2,269,428
X-4 Accounts receivableStart of year $2,913,293$3,928,581
X-9 Prepaid expenses and deferred chargesStart of year $2,025,976$1,965,194
X-10c Land, buildings and equipment, netStart of year $187,651,537$186,193,258
X-11 Publicly traded securitiesStart of year $97,220,317$90,605,033
X-12 Other securitiesStart of year $19,801,785$19,986,969
X-15 Other assetsStart of year $167,483$159,812
X-16 Total assetsStart of year $350,036,444$362,226,785
X-17 Accounts payable and accrued expensesStart of year $8,393,612$6,746,036
X-19 Deferred revenueStart of year $966,004$1,829,775
X-20 Tax-exempt bond liabilitiesStart of year $71,999,535$91,447,522
X-25 Other liabilitiesStart of year $8,953,195$13,700,045
X-26 Total liabilitiesStart of year $90,312,346$113,723,378
X-27 Net assets without donor restrictionsStart of year $170,112,703$170,613,524
X-28 Net assets with donor restrictionsStart of year $89,611,395$77,889,883
X-32 Total net assets or fund balancesStart of year $259,724,098$248,503,407
X-33 Total liabilities and net assetsStart of year $350,036,444$362,226,785
Part XI · Reconciliation of net assets $248,503,407 net assets at year end
XI-1 Total revenue$135,038,989
XI-2 Total expenses$134,497,393
XI-3 Revenue less expenses$541,596
XI-4 Net assets at start of year$259,724,098
XI-5 Net unrealized gains (losses) on investments−$6,360,611
XI-9 Other changes in net assets−$5,401,676
XI-10 Net assets at end of year$248,503,407

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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