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North Central University

Minneapolis, MN · EIN 41-0706151 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

North Central University reported $32.3 million in revenue and $32.5 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $87.63 went to program services, $11.42 to management and general costs and $0.95 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.2% of the total. The highest compensation it reported for one person was $210,839 (Interim President (LEFT 05/2025)). 4 people received more than $100,000 in reportable compensation. Revenue fell 15% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $33M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $32M

Other revenue was negative: −$45,791. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
87.6%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
11.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.9%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.20$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
4.8%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
92.2%69.9%
Highest reported compensation
Part VII-A, columns D–F
$210,839$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.65%1.28%
People paid over $100,000
Part VII, line 2
48
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
13.213.3
Independent voting board members
Part VI 1a–1b
22 of 22100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$28M expenses · 100.0% of program spending · grants $12M · revenue $30M

North Central University (the university) is a christian university, with an urban and international focus, whose purpose is to prepare pentecostal leaders to serve god in the church, their community, and the world. The university offers about sixty areas of study through its college of arts and sciences, college of fine arts, and college of church leadership. The curriculum is supported with a christian world view developed through a meaningful, integrated general education core program. The university trains students to serve god in a variety of ways according to their vocation and gifts.…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Interim President (LEFT 05/2025)
Officer, 40.0 hrs/week
$194,438$0$16,401$210,839
FORMER FACULTY / PRESIDENT (START 05/2025)
Officer, 40.0 hrs/week
$111,299$0$17,543$128,842
VP Operations & HR
Officer, 40.0 hrs/week
$92,729$0$23,973$116,702
Faculty
Highest compensated employee, 40.0 hrs/week
$108,098$0$6,648$114,746
VP of Enrollment & Student Devel
Officer, 40.0 hrs/week
$96,864$0$14,999$111,863
Provost
Highest compensated employee, 40.0 hrs/week
$100,633$0$8,978$109,611

4 people received more than $100,000 in reportable compensation from North Central University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $534K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$32M$33M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$32M$33M87.6%$36M$210,839
FY2024 ⓘ$35M$37M86.3%$36M$190,717
FY2023 ⓘ$35M$37M86.5%$37M$216,915
FY2022 ⓘ$38M$38M88.1%$40M$254,854
FY2021 ⓘ$37M$37M88.5%$40M$212,506
FY2020 ⓘ$38M$36M86.0%$40M$231,346

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b22 · 22 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5644
  • Volunteers Part I, line 630

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
SODEXO AFFILIATES
Food Services
$2,316,185
PRESIDIO NETWORKED SOLUTIONS GROUP LLC
Network Support Services
$284,925
CESO FINANCE LLC
Financial Services
$216,000
KANAHOMA LLC
Website Management Services
$204,650
SALESFORCE
Software Support Services
$165,922

Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.

Private foundation grants it received

4 private foundations reported grants to North Central University totaling $15,816 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from North Central University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for North Central University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Minnesota

Questions people ask

How much of North Central University's spending goes to programs?

In the fiscal year ending May 31, 2025, North Central University reported that 87.6% of its $32.5 million in expenses went to program services, 11.4% to management and general and 0.9% to fundraising (Form 990, Part IX).

How much does North Central University pay its top executive?

The largest total compensation North Central University reported for one person in the fiscal year ending May 31, 2025 was $210,839, for the role of Interim President (LEFT 05/2025) (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does North Central University get its money?

Of $32.3 million in revenue in the fiscal year ending May 31, 2025, 4.8% came from contributions and grants (including 0.6% from government grants) and 92.2% from program service revenue (Form 990, Part VIII).

Is North Central University a registered charity?

The IRS lists EIN 41-0706151 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202620839349301457 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202521009349301217 · read the filing
  • FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202410999349300326 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202311079349301021 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202221089349301657 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202141049349301464 · read the filing

All filings for EIN 41-0706151: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.