Annual Report 2025
Thank You from Leadership
Dear Alumni and Friends,
For nearly 135 years, North Park has been a model for Christian higher education, shaping lives of significance and service. There are major challenges facing our industry, and North Park is not immune to those challenges, but there are also few industries that have a greater impact.
When we admit a student to North Park, we make a promise to them. A promise of a degree, yes, but also a promise of a future. We tell them that they are a Child of God, fearfully and wonderfully made, and uniquely gifted for the work that God has prepared for them. Our highest priority is helping each student discover their calling and eventually walking across the graduation stage.
This annual report demonstrates the impact you make when you give to North Park. You make education accessible and affordable. You make it possible for us to fulfill the promise. In the included video, you will hear from four members of the Class of 2025, our newest alumni, about the lasting impact North Park had on their lives. This is just a small sample of the stories I hear from our students daily.
Thanks to you, the future is bright for North Park and for the students God sends across our threshold each year. We ask for your continued prayers for North Park and our whole community of students, faculty, and staff. We feel your support, and it matters.
Sincerely,
Mary K. Surridge,
President
North Park Alumni and Friends,
Thank you for the generous gift of your time, talents, and treasure in the mission of North Park, a mission that has remained constant throughout our history. North Park is strong today because of your support and that of generations of North Parkers.
Behind the facts and figures, the charts of endowment growth and giving, there are people. There are our amazing students, who are committed to their personal and professional growth. There are our top-notch faculty members, who pour themselves into teaching and research. And our fantastic staff, who are the beating heart of North Park and keep things running smoothly.
And you. You invest in North Park because you believe in our mission, because it shaped your life or the lives of your loved ones, because you insist there should be a place in Christian higher education that is open to everyone. With the many worthy causes in our community and world, we do not take your support for granted.
We want to hear from you. What does North Park mean to you? What inspires you to give back? What do you dream for North Park’s future? How could we be serving you better?
Thank you!
Michael Nevergall, CFRE, MNA ’13
Vice President for Advancement
Student Stories
Student Voices
“Just a week after graduating I was hired at Performance Training Systems, near the United Center, and in August I was hired as the youth director for Libertyville Covenant Church. For now my plans are to stay in the Chicago area for another three to five years and then move to Jacksonville, AL to be closer to family.
—Maurice “Mo” Carter BA ’25, Business and Economics
“As a full-time pastor with children, my life circumstances and ministry context shape my studies. Although I am a part-time student, my pastoral work allows me to apply what I learn immediately. I am committed to completing my M.Div., and each course has been valuable for my ministry, discipleship, and formation.
Studying at NPTS has deepened my connection to the Covenant through relationships with fellow Covenanters, and the scholarships for licensed Covenant ministers have made seminary financially accessible. As I pursue ordination in Word and Sacrament, my seminary education has strengthened my theological foundation and affirmed values that increasingly align with my pastoral convictions.
—Won Kim MDiv ’27
“My post grad season included a summer internship at Shure, a global tech company. Since my internship ended, I have been looking for full-time work. I am working on my portfolio to possibly land something and aim to get it done this month. My experience at North Park has been a blessing, and I am very grateful for the opportunities I’ve had and people I’ve met and learned from. I pray that NPU’s mission continues and becomes a blessing to others as well.
—Arianna Valentin BS ’25 Advertising Summa Cum Laude
Statement of Financial Position
Fiscal Year 2025
| Assets | Amount |
|---|---|
| Cash and Short-term investments | $4,185,089 |
| Receivables: | |
| Student Receivables | $1,396,801 |
| Student Federal Assistance Loans | $472,704 |
| Other Receivables | $2,436,854 |
| Interest Receivable | $185,430 |
| Irrevocable Trusts | $4,957,119 |
| Prepaid Use Agreements | $142,520 |
| Investments | $207,908,096 |
| Property, Plant, Equipment | $110,390,445 |
| Other Assets | $1,946,948 |
| Total Assets | $334,022,006 |
| Liabilities | |
| Accounts Payable and Accrued Expense | $5,858,788 |
| Deferred Income, Advance Payments and Deposits | $1,931,811 |
| Notes and Bonds Payable | $71,775,752 |
| Government Advances for Student Loans | $445,995 |
| Other Post-Retirement Benefits | $1,312,490 |
| Total Liabilities | $81,324,836 |
| Net Assets | |
| Unrestricted | $146,111,124 |
| Temporarily Restricted | $28,112,355 |
| Permanently Restricted | $78,473,691 |
| Total Net Assets | $252,697,170 |
| Total | $334,022,006 |
Endowment Growth
There is no greater way to uphold North Park University’s mission than by providing endowment support. Establishing an endowed scholarship, lecture series, professorship, or chair at North Park University offers continuous financial assistance and spiritual encouragement to future generations of worthy students and faculty.
| Year | Amount ($M) | Year | Value ($M) |
|---|---|---|---|
| 1997 | $22.6 | 2012 | $64.8 |
| 1998 | $27.3 | 2013 | $70.5 |
| 1999 | $30.4 | 2014 | $77.3 |
| 2000 | $36.4 | 2015 | $74.3 |
| 2001 | $33.8 | 2016 | $72.0 |
| 2002 | $30.8 | 2017 | $74.9 |
| 2003 | $31.1 | 2018 | $76.9 |
| 2004 | $35.3 | 2019 | $79.5 |
| 2005 | $36.6 | 2020 | $76.3 |
| 2006 | $48.5 | 2021 | $94.9 |
| 2007 | $62.4 | 2022 | $99.5 |
| 2008 | $60.0 | 2023 | $102.9 |
| 2009 | $49.2 | 2024 | $108.3 |
| 2010 | $55.6 | 2025 | $113.6 |
| 2011 | $68.2 |
Annual Fund
Thanks to your generous support, the North Park Fund received $3.3 million this fiscal year. Your support is pivotal to student success and allows us to fund scholarships and financial aid, enrich student services and experiences, advance campus infrastructure and enhancements, and strengthen academic support. A gift to the North Park Fund impacts every aspect of the institution and benefits every student, every day.
| Year | Amount ($M) | Year | Amount ($M) |
|---|---|---|---|
| 1997 | 2.3 | 2012 | 2.0 |
| 1998 | 2.4 | 2013 | 2.0 |
| 1999 | 2.6 | 2014 | 2.1 |
| 2000 | 2.8 | 2015 | 2.2 |
| 2001 | 2.9 | 2016 | 2.4 |
| 2002 | 3.0 | 2017 | 2.6 |
| 2003 | 2.9 | 2018 | 2.6 |
| 2004 | 3.0 | 2019 | 2.6 |
| 2005 | 2.7 | 2020 | 2.7 |
| 2006 | 2.7 | 2021 | 2.6 |
| 2007 | 2.7 | 2022 | 2.6 |
| 2008 | 2.8 | 2023 | 2.4 |
| 2009 | 2.7 | 2024 | 2.5 |
| 2010 | 2.4 | 2025 | 3.3 |
| 2011 | 2.4 |
Uses of Operating Funds
Fiscal Year 2025
| Uses of Operating Funds (2023–2024) | Amount |
|---|---|
| Instruction | $19,090,293 |
| Academic Support | $4,815,660 |
| Student Services | $12,152,512 |
| Institutional Support | $14,314,239 |
| Operating and Maintenance | $6,494,285 |
| Auxiliary Enterprises | $4,001,266 |
| Interest & Other Expense | $(881,304) |
| Total Expenditures and Other Deductions | $59,986,951 |
Sources of Operating Funds
Fiscal Year 2025
| Sources of Operating Funds (2023–24) | Amount |
|---|---|
| Undergraduate Tuition and Fees | $31,085,967 |
| Graduate and Adult Tuition and Fees | $6,843,133 |
| Auxiliary Income (room/board/rentals) | $7,667,258 |
| Net Assets Released from Restriction | $5,039,770 |
| Contributions | $7,575,866 |
| Seminary Tuition and Fees | $1,388,565 |
| All Other | $1,529,975 |
| Total Revenue | $61,130,534 |
Enrollment
| Fall 2025 Total Enrollment | 2,429 |
|---|---|
| Traditional Undergraduate | 1,743 |
| Adult Undergraduate | 83 |
| Graduate | 407 |
| Seminary | 196 |
| Fall 2025 undergraduate student population distribution by ethnicity | |
| Latino | 30% |
| White/Non-Latino | 32% |
| Non-resident alien | 12% |
| Black/Non-Latino | 13% |
| Asian | 9% |
| Two or more races | 4% |
| American/Alaska Native | Less than 1% |
| Pacific Islander | Less than 1% |
Geographic distribution
North Park students come from 30 states, 2 United States territories (Guam and Puerto Rico), and 23 countries