2024-05-08T13:30:16-05:00 2023-09-29 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-07-01 411878924 NORTHWESTERN FOUNDATION NORT 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 JOHN SOMMERVILLE TREASURER 6516315100 2024-05-07 1 JOHN SOMMERVILLE 999009999 0 SARAH HINTZ P00492291 3037795710 2024-05-07 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X RONALD R HALVERSON 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 0 0 X N/A X 1996 MN SECURE, RECEIVE, AND MANAGE GIFTS ON BEHALF OF THE UNIVERSITY NW - ST. PAUL AND OTHER CHARITIES. X 8 7 0 7 0 0 112882 0 68552 0 24087 0 0 0 205521 0 5892589 0 0 0 0 0 0 0 0 137860 0 6030449 0 -5824928 0 0 0 0 0 0 0 X SECURE, RECEIVE, AND MANAGE GIFTS ON BEHALF OF THE UNIVERSITY NW - ST. PAUL AND OTHER CHARITIES. 0 1 0 0 0 TO SECURE, RECEIVE AND MANAGE PLANNED GIFTS ON BEHALF OF PUBLIC CHARITIES INCLUDING UNIVERSITY OF NORTHWESTERN - ST. PAUL, A CHRISTIAN, NOT-FOR-PROFIT EDUCATIONAL INSTITUTION WITH A MISSION TO EQUIP BELIEVERS TO GROW INTELLECTUALLY AND SPIRITUALLY, TO SERVE EFFECTIVELY IN THEIR PROFESSIONS, AND TO GIVE GOD-HONORING LEADERSHIP IN THE HOME, CHURCH, COMMUNITY AND WORLD THROUGH CHRIST-CENTERED HIGHER EDUCATION AND MEDIA. NORTHWESTERN MEDIA EXISTS TO LEAD PEOPLE TO CHRIST AND TO NURTURE BELIEVERS IN THEIR SPIRITUAL GROWTH THROUGH CHRIST-CENTERED MEDIA. AS A FOUNDATION ALSO SERVING THE COMMUNITY, THE FOUNDATION IS ABLE TO ASSIST IN CHARITABLE GIFT PLANNING THAT BENEFITS OTHER NOT-FOR-PROFIT ORGANIZATIONS WHOSE BELIEFS ALIGN WITH THE BELIEFS OR THE MISSION OF THE ORGANIZATION. 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 1 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 CO KY MD MA MI MN NH NJ NY OH OK OR PA SC UT WA X JOHN SOMMERVILLE 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 X RONALD HALVORSON CHAIR 2.00 0.00 X X 0 0 0 NANCY JOHNSON SECRETARY 2.00 0.00 X X 0 0 0 JOHN FORCE DIRECTOR 2.00 0.00 X 0 0 0 DARIN GLANZER DIRECTOR 2.00 0.00 X 0 0 0 GROVER C SAYRE III DIRECTOR 2.00 2.00 X 0 0 0 KEVIN ZWART DIRECTOR 2.00 0.00 X 0 0 0 DR CORBIN HOORNBEEK DIRECTOR 0.00 45.00 X 0 0 0 STAN ERICKSON DIRECTOR 2.00 2.00 X 0 0 0 JOHN SOMMERVILLE TREASURER 2.00 45.00 X 0 0 0 DALE ENGSKOV PRESIDENT 2.00 2.00 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 0 X X 0 0 0 X 136783 119267 222496 112882 0 591428 136783 119267 222496 112882 591428 28919 562509 129504 132145 169520 156335 0 587504 100 100 1179032 352167 0.47710 0.47650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SERVICE REVENUE - 2021 AMOUNT: $ 100. SCHEDULE A, PART VI: 2023 IS A SHORT YEAR DUE TO THE ORGANIZATION BEING DISSOLVED. SCHEDULE A, PART VI: SERVICE REVENUE DECREASE IN 2020 IS DUE TO RENT NO LONGER BEING COLLECTED AS A RESULT OF A PROPERTY SALE. 21207532 21207532 21207532 710796 1773449 1579496 21207532 23485201 993109 -2507778 763000 21207532 19115020 716153 4368028 714000 23485201 18722410 870622 265287 743299 19115020 0.18750 0.65250 0.16000 0 1 0 0 PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE MISSION AND PROGRAMS OF UNIVERSITY OF NORTHWESTERN - ST. PAUL AND OTHER NONPROFIT ORGANIZATIONS. 0 0 0 0 1 1 1 1 0 FORM 990, PART III, LINE 3 THE FOUNDATION DISSOLVED EFFECTIVE SEPTEMBER 29, 2023. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION FILED ARTICLES OF DISSOLUTION, AND IS DISSOLVING EFFECTIVE SEPTEMBER 29, 2023. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF NORTHWESTERN FOUNDATION IS UNIVERSITY OF NORTHWESTERN - ST. PAUL, A MINNESOTA 501(C)(3) NONPROFIT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S BOARD OF DIRECTORS IS ELECTED BY THE BOARD OF DIRECTORS OF THE SOLE MEMBER, UNIVERSITY OF NORTHWESTERN - ST. PAUL. AT ALL TIMES, A MAJORITY OF THE FOUNDATION'S BOARD OF DIRECTORS MUST BE COMPRISED OF INDIVIDUALS SERVING CONCURRENTLY ON THE BOARD OF DIRECTORS OF UNIVERSITY OF NORTHWESTERN - ST. PAUL. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER HAS THE POWER AND RIGHT TO APPROVE OR REJECT OR CONSENT WITH RESPECT TO THE FOLLOWING MATTERS: 1. ADOPTION AND IMPLEMENTATION OF ANNUAL OPERATING AND CAPITAL BUDGETS. 2. CAPITAL EXPENDITURES IN EXCESS OF $75,000. 3. SALE OR TRANSFER OF ASSETS OTHER THAN IN THE ORDINARY COURSE OF BUSINESS. 4. INCURRENCE OF DEBT. 5. COMPENSATION OF OFFICERS. 6. ADOPTION AND MODIFICATION OF EMPLOYEE BENEFIT PLANS. 7. APPOINTMENT OF THE CHIEF EXECUTIVE OFFICER. 8. AMENDMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS. 9. APPROVAL OF DIRECTORS SERVING ON THE FOUNDATION'S BOARD OF DIRECTORS WHICH ARE SELECTED BY THE SOLE MEMBER WITH INPUT FROM THE FOUNDATION'S BOARD OF DIRECTORS. 10. REMOVAL OF DIRECTORS ON THE FOUNDATION'S BOARD OF DIRECTORS. 11. APPROVAL OF INVESTMENT POLICY STATEMENT (IPS) THAT EFFECTIVELY SUPERVISES, MONITORS AND EVALUATES FOUNDATION AND UNIVERSITY INVESTMENT ASSETS. 12. FINAL APPROVAL OF THE CORPORATION'S PROPOSED STRATEGIC PLANS AND ANY MATERIAL MODIFICATION TO APPROVED STRATEGIC PLANS. 13. ALL DECISIONS RELATED TO THE INCURRENCE OF LIENS, AND/OR INDEBTEDNESS (INCLUDING, WITHOUT LIMITATION, ANY CAPITAL LEASES). 14. APPROVAL OF THE ALIENATION, MORTGAGE, PLEDGE OR ENCUMBRANCE OF ANY REAL ESTATE OWNED BY THE CORPORATION. 15. APPROVAL OF ANY SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION, OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, OR ANY ACQUISITION, OR MERGER OR CONSOLIDATION WITH ANY OTHER PERSON OR ENTITY. 16. APPROVAL OF ANY MATERIAL TRANSACTION (E.G., A CLINIC ACQUISITION), EXCEPT TO THE EXTENT THAT SUCH TRANSACTION IS SPECIFICALLY IDENTIFIED IN A STRATEGIC PLAN APPROVED BY THE SOLE MEMBER. 17. APPROVAL OF ANY PROPOSED DISSOLUTION, LIQUIDATION AND WINDING-UP OF THE CORPORATION. 18. APPROVAL OF THE DECLARATION BY THE CORPORATION OF ANY EVENT OF BANKRUPTCY, INSOLVENCY OR OTHER APPLICATION FOR JUDICIAL RELIEF FROM CREDITORS OF THE CORPORATION. 19. APPROVAL OF ANY ACTION THAT MIGHT JEOPARDIZE THE TAX-EXEMPT STATUS OF THE CORPORATION AND/OR THE SOLE MEMBER. 20. APPROVAL OF THE CREATION OF ANY ORGANIZATIONAL DOCUMENTS (AND AMENDMENTS THERETO) FOR ANY SUBSIDIARY OR AFFILIATED ENTITY, JOINT VENTURE, AFFILIATION OR SIMILAR ARRANGEMENT. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WAS PROVIDED TO THE FOUNDATION'S MANAGEMENT TEAM FOR A DETAIL REVIEW AFTER ALL CHANGES WERE MADE AND QUESTIONS ANSWERED. A FINAL COPY OF THE FORM 990 WAS THEN REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NORTHWESTERN FOUNDATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. THE BOARD OF DIRECTORS SIGN A CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FOR BOARD MEMBERS, THE MATERIAL FACTS AS TO A CONTRACT OR TRANSACTION AND AS TO THE DIRECTOR'S INTEREST MUST BE FULLY DISCLOSED OR KNOWN TO THE FOUNDATION'S BOARD OF DIRECTORS PRIOR TO APPROVAL OF SUCH CONTRACT OR TRANSACTION, AND THE INTERESTED DIRECTOR MAY NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AND MAY NOT VOTE. IF AN EMPLOYEE HAS ANY INFLUENCE OVER TRANSACTIONS, PURCHASES, CONTRACTS, OR LEASES INVOLVING A CONFLICT OF INTEREST OR IF THE EMPLOYEE'S RELATIONSHIP WITH SUCH ORGANIZATION COULD REASONABLY BE PERCEIVED AS CONFLICTING WITH THE INTERESTS OF NORTHWESTERN FOUNDATION, THE EMPLOYEE IS REQUIRED TO DISCLOSE THE RELATIONSHIP TO AN OFFICER AS SOON AS POSSIBLE SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. ALL PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IT DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. UNIVERSITY OF NORTHWESTERN - ST PAUL 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 410711610 EDUCATION MN 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0