Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2017
Open to Public Inspection
Name of the organization
North Central College
 
Employer identification number

36-2169157
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
(1) NA
 
N/A 37,609 MERIT BASED SCHOLARSHIP
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2017
Page 2
Schedule L (Form 990 or 990-EZ) 2017
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) ADVANCED DATA TECHNOLOGIES INC
 
David Kelsch, BOARD MEMBER, is also the president and CEO of Advanced Data Technologies Inc. 386,394 TECHNOLOGY   No
(2) BLOOMING COLOR
 
RAY KINNEY, BOARD MEMBER, is also an officer of Blooming Color 385,166 PRINTING SERVICES   No
(3) BRAD SPENCER
 
SON OF CURRENT OFFICER 79,588 EMPLOYMENT   No
(4) ANDREW SAUER
 
SON OF CURRENT OFFICER 58,718 EMPLOYMENT   No
(5) BRANDON HOEFT
 
SON OF CURRENT TRUSTEE 110,115 EMPLOYMENT   No
(6) NAPERVILLE EXCAVATING
 
SCOTT WEHRLI, BOARD MEMBER, iS VP at Naperville Excavating and his father is owner and president. 66,236 CONSTRUCTION SERVICES   No
(7) LEILA AZARBAD
 
DAUGHTER OF ACTIVE BOARD MEMBER 72,477 EMPLOYMENT   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L, Part III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. ANY SCHOLARSHIP COMMITTEE MEMBER WHO HAS A RELATIONSHIP WITH ANY POTENTIAL RECIPIENT OF SCHOLARSHIP MONEY IS NOT INCLUDED IN THE SELECTION PROCESS FOR THAT PARTICULAR CANDIDATE.
Schedule L (Form 990 or 990-EZ) 2017


Additional Data


Software ID: 17005876
Software Version: 2017v2.2