2025-04-17T09:53:26-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-07-01 820200907 NORTHWEST NAZARENE UNIVERSITY INC NORT 2084678525 623 S UNIVERSITY BOULEVARD NAMPA ID 83686 STEVEN EMERSON VP OF OPERATIONS & FINANCE 2084678525 2025-04-14 1 1 ANN NEIL P01817922 6123764500 2025-04-14 2023 2025-03-06 01:10:19Z JOEL PEARSALL 623 S UNIVERSITY BOULEVARD NAMPA ID 83686 131882816 0 X WWW.NNU.EDU X 1913 ID THE MISSION OF NORTHWEST NAZARENE UNIVERSITY IS THE TRANSFORMATION OF THE WHOLE PERSON. CENTERED IN JESUS CHRIST, THE NNU EDUCATION INSTILLS HABITS OF HEART, SOUL, MIND AND STRENGTH TO ENABLE EACH STUDENT TO BECOME GOD'S CREATIVE AND REDEMPTIVE AGENT IN THE WORLD. 39 39 866 75 791761 6086 6079281 5962322 56915411 61993478 2623040 8483496 41424 116290 65659156 76555586 20132911 22141864 0 0 25344815 26303418 0 0 3036854 20942478 21695727 66420204 70141009 -761048 6414577 165106489 178517335 31514407 31337837 133592082 147179498 X THE MISSION OF NORTHWEST NAZARENE UNIVERSITY (NNU) IS THE TRANSFORMATION OF THE WHOLE PERSON. CENTERED IN JESUS CHRIST, THE NNU EDUCATION INSTILLS HABITS OF HEART, SOUL, MIND, AND STRENGTH TO ENABLE EACH STUDENT TO BECOME GOD'S CREATIVE AND REDEMPTIVE AGENT IN THE WORLD. NORTHWEST NAZARENE UNIVERSITY STRIVES TO BE A VIBRANT EDUCATIONAL COMMUNITY THAT INTEGRATES AND REFLECTS CHRISTIAN FAITH IN ALL THAT IT DOES. THE UNIVERSITY SEEKS TO PROVIDE NATIONALLY-RECOGNIZED PROGRAMS DISTINGUISHED BY GRADUATES WHO ARE ACADEMICALLY PREPARED, SPIRITUALLY GROUNDED, SERVICE MINDED, GLOBALLY ENGAGED, AND VOCATIONALLY SUCCESSFUL. 0 1 44614672 22141864 54086999 INSTRUCTIONAL SERVICES AND ORGANIZED RESEARCH:NORTHWEST NAZARENE UNIVERSITY, A CHRISTIAN COMPREHENSIVE UNIVERSITY, OFFERS MORE THAN 60 AREAS OF STUDY, 16 MASTER'S DEGREES IN SIX DIFFERENT DISCIPLINES, 3 DOCTORAL DEGREES, ACCELERATED DEGREE PROGRAMS, CONCURRENT CREDIT FOR HIGH SCHOOL STUDENTS, AND A VARIETY OF CONTINUING EDUCATION CREDITS. IN ADDITION TO ITS 90-ACRE CAMPUS LOCATED IN NAMPA, IDAHO, THE UNIVERSITY OFFERS PROGRAMS ONLINE AS WELL AS IN IDAHO FALLS, AND IN COOPERATION WITH PROGRAMS IN TEN COUNTRIES. FOUNDED IN 1913, THE UNIVERSITY SERVES OVER 1,600 UNDERGRADUATE AND GRADUATE STUDENTS, MORE THAN 6,000 CONTINUING EDUCATION STUDENTS, AND OVER 7,000 HIGH SCHOOL STUDENTS THROUGH THE CONCURRENT CREDIT PROGRAM. 10913531 0 2041110 ACADEMIC SUPPORT AND STUDENT SERVICES:LIBRARY SERVICES: NNU'S LIBRARY RESOURCES ARE EXCELLENT AND MOST ARE DELIVERED VIA THE WEB WITH ACCESS TO LIBRARIES ACROSS THE COUNTRY AND AROUND THE WORLD.MARKETING AND MEDIA: NNU'S OFFICE OF MARKETING AND MEDIA IS RESPONSIBLE FOR HELPING THE UNIVERSITY TELL ITS STORY -- THAT NNU SEEKS A MORE EXCELLENT WAY; A WAY ROOTED IN LOVE. THE AUDIENCE FOR THIS STORY INCLUDES PROSPECTIVE STUDENTS, DONORS, ALUMNI, THE COMMUNITY, MEDIA, AND FACULTY AND STAFF. THE OFFICE OFFERS ITS SERVICES ACROSS CAMPUS IN MARKETING, BRANDING, RESEARCH OR EXPERTISE IN CONTENT DEVELOPMENT, DESIGN, PHOTOGRAPHY, AND MEDIA RELATIONS, TO HELP EACH DEPARTMENT TELL ITS OWN PART OF THE NNU STORY.ACADEMIC SUPPORT CENTER: PROVIDES A VARIETY OF SERVICES TO ALL NNU STUDENTS, INCLUDING WRITING CONSULTING, SUBJECT AREA TUTORING BY PEERS, AND COURSES FOR CREDITS.INFORMATION TECHNOLOGY SERVICES (ITS): OFFERS COMPUTER TECHNICAL SUPPORT TO THE NNU CAMPUS AND A WIDE VARIETY OF AUDIO/VISUAL SERVICES TO THE CAMPUS, AREA CHURCHES, AND THE COMMUNITY. SERVICES OFFERED INCLUDING MAKING COPIES, TRANSPARENCIES, PROVIDING MATERIALS NEEDED TO PRODUCE INSTRUCTIONAL MATERIALS AND SIGNS, LAMINATING, AUDIO AND VIDEO RECORDING AND DUPLICATING, PHOTOGRAPHY, SENDING AND RECEIVING FAXES, AND OTHER RELATED SERVICES. ITS MAINTAINS A LARGE INVENTORY OF MEDIA EQUIPMENT THAT IS AVAILABLE FOR CLASSROOM INSTRUCTION, FOR STUDENT ASSIGNMENTS, AND FOR USE BY OTHER MEMBERS OF THE CAMPUS COMMUNITY.STUDENT DEVELOPMENT: THE OFFICE OF STUDENT DEVELOPMENT IS CHARGED WITH TAKING CARE OF EVERY ASPECT OF THE STUDENT EXPERIENCE AT NNU. IT INCLUDES RESIDENTIAL LIFE, STUDENT GOVERNMENT, SPIRITUAL LIFE, THE CAMPUS WELLNESS CENTER, MULTICULTURAL AFFAIRS, INTRAMURAL ATHLETICS, AND THE CAREER CENTER.INTERCOLLEGIATE ATHLETICS: NNU IS A MEMBER OF THE GREAT NORTHWEST ATHLETIC CONFERENCE (GNAC), COMPRISED OF 11 NCAA DIVISION II SCHOOLS. SPORTS OFFERED AT NNU INCLUDE MEN'S AND WOMEN'S BASKETBALL, MEN'S AND WOMEN'S CROSS COUNTRY, MEN'S AND WOMEN'S TRACK AND FIELD, MEN'S AND WOMEN'S SOCCER, MEN'S AND WOMEN'S GOLF, MEN'S BASEBALL, WOMEN'S SOFTBALL, AND WOMEN'S VOLLEYBALL. 5395677 0 5189898 AUXILIARY SERVICES:FOOD SERVICES: MEALS WERE PROVIDED AT NORTHWEST NAZARENE UNIVERSITY BY SODEXO, INC. AND AFFILIATES UNTIL 7/31/23, AT WHICH POINT FRESH IDEAS FOOD SERVICE MANAGEMENT TOOK OVER. MOST STUDENTS LIVING ON CAMPUS ARE REQUIRED TO CARRY A MEAL PLAN. MEAL PLAN OPTIONS ARE BASED ON THE RESIDENCE HALL BEING LIVED IN. AN AVERAGE OF 544 STUDENTS WERE ENROLLED IN SOME TYPE OF MEAL PLAN ON CAMPUS FOR THE CURRENT FISCAL YEAR.PROGRAM SERVICE ACCOMPLISHMENTS: CONVENIENCE OF ON-CAMPUS LIVING. ALL SEVEN FACILITIES COMBINE FOR A TOTAL CAPACITY OF 873 BEDS, WITH 629 STUDENT OCCUPANCY FOR FALL 2023 AND 567 STUDENT OCCUPANCY FOR SPRING 2024. ALL UNMARRIED STUDENTS WHO DO NOT HAVE SENIOR STANDING OR ARE LESS THAN 23 YEARS OF AGE ARE REQUIRED TO LIVE IN ONE OF THE RESIDENCE HALLS UNLESS THEY ARE SPECIFICALLY GRANTED AN EXCEPTION.ON-CAMPUS BOOKSTORE: BEGINNING JULY 1, 2023, OUR CAMPUS BOOKSTORE MANAGEMENT WAS TRANSFERRED TO AN OUTSIDE THIRD PARTY, SO THIS IS NO LONGER A PART OF THE UNIVERSITY'S AUXILIARY SERVICES.CONFERENCES AND EVENTS: HANDLES RENTALS/PLANNING FOR EVENTS, CONFERENCES, CAMPS, ETC., HELD IN THE PERFORMING ARTS CENTER AS WELL AS OTHER AREAS ACROSS CAMPUS.RESIDENTIAL RENTALS: OVER THE PAST SEVERAL YEARS, THE UNIVERSITY HAS PURCHASED VARIOUS PROPERTIES THAT ARE IN THE VICINITY OF THE MAIN CAMPUS. THESE PROPERTIES ARE TO BE USED, ACCORDING TO THE CAMPUS MASTER PLAN, FOR FUTURE EXPANSION OF THE CAMPUS. DEPENDING ON THE CONDITION OF THE HOMES ON THESE PROPERTIES, THEY HAVE EITHER BEEN DEMOLISHED OR TURNED INTO RENTAL PROPERTIES UNTIL SUCH TIME AS THEY ARE NEEDED FOR CAMPUS EXPANSION. 60923880 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 1 0 0 1 2569 0 1 866 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 39 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OR UT WA ID X STEVEN EMERSON 2084678527 623 S UNIVERSITY BLVD NAMPA ID 83686 JOEL PEARSALL PRESIDENT 50.00 0.00 X X 211465 0 35563 MIKE ZAHARE CHAIRMAN 1.50 0.00 X X 0 0 0 JEFF ALEXANDER VICE-CHAIRMAN AS OF OCT 2023 1.00 0.00 X X 0 0 0 JERRY KESTER VICE-CHAIRMAN THRU OCT 2023 1.50 0.00 X X 0 0 0 JOY STREIGHT SECRETARY 1.50 0.00 X X 0 0 0 DARCY ARMSTRONG TRUSTEE 1.00 0.00 X 0 0 0 VIRGIL ASKREN TRUSTEE 1.00 0.00 X 0 0 0 KRISTINA BENEDICK TRUSTEE 1.00 0.00 X 0 0 0 GARY BORGHELLO TRUSTEE 1.00 0.00 X 0 0 0 RANDY CRAKER TRUSTEE 1.00 0.00 X 0 0 0 RICK DANIELS TRUSTEE 1.00 0.00 X 0 0 0 HEIDI HAGEMEIER TRUSTEE 1.00 0.00 X 0 0 0 STEVE HAMILTON TRUSTEE 1.00 0.00 X 0 0 0 PAM HANDY TRUSTEE 1.00 0.00 X 0 0 0 JOHN HANNA TRUSTEE 1.00 0.00 X 0 0 0 PAUL HARTLEY TRUSTEE 1.00 0.00 X 0 0 0 JUDY JENNINGS TRUSTEE 1.00 0.00 X 0 0 0 PAULA KELLERER TRUSTEE 1.00 0.00 X 0 0 0 BRIAN KNIGHT TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH LANHAM TRUSTEE 1.00 0.00 X 0 0 0 LAURA LEHMAN TRUSTEE 1.00 0.00 X 0 0 0 JAYME LENKER TRUSTEE 1.00 0.00 X 0 0 0 DENNIS LINNELL TRUSTEE 1.00 0.00 X 0 0 0 JIM LYNCH TRUSTEE 1.00 0.00 X 0 0 0 DAVE MOWRY TRUSTEE 1.00 0.00 X 0 0 0 MELISSA MOWRY TRUSTEE 1.00 0.00 X 0 0 0 BECCA NOTBOHM TRUSTEE 1.00 0.00 X 0 0 0 MIKE O'NEILL TRUSTEE 1.00 0.00 X 0 0 0 MARIA QUICK TRUSTEE 1.00 0.00 X 0 0 0 BRETT RICKEY TRUSTEE 1.00 0.00 X 0 0 0 DAVID RODES TRUSTEE 1.00 0.00 X 0 0 0 J SCOTT SHAW TRUSTEE 1.00 0.00 X 0 0 0 JULIE SIEVERS TRUSTEE 1.00 0.00 X 0 0 0 DALE SHAFER TRUSTEE 1.00 0.00 X 0 0 0 ROBERT SKINNER TRUSTEE 1.00 0.00 X 0 0 0 BRAD SWARTZENTRUBER TRUSTEE 1.00 0.00 X 0 0 0 DAN VOSS TRUSTEE 1.00 0.00 X 0 0 0 BOB WALKER TRUSTEE 1.00 0.00 X 0 0 0 DAVE WESTMARK TRUSTEE 1.00 0.00 X 0 0 0 CHAD WILKS TRUSTEE 1.00 0.00 X 0 0 0 MIKE YOST TRUSTEE 1.00 0.00 X 0 0 0 STEVE EMERSON VP OF FINANCE & OPERATIONS 48.00 2.00 X 127085 0 56228 BRADLEY KURTZ-SHAW VP OF ACADEMIC AFFAIRS 50.00 0.00 X 137041 0 29810 KELLI LINDLEY VP OF EXTERNAL RELATIONS 50.00 0.00 X 108866 0 12741 LINDA VALENZUELA DEAN OF NURSING 50.00 0.00 X 121441 0 6058 DAVE COVINGTON ORG CHANGE MANAGER 50.00 0.00 X 101025 0 17406 806923 0 157806 6 0 1 0 SODEXO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 BOARD/CATERING/FOOD SERVICE/FACILITIES 3542902 FRESH IDEAS MANAGEMENT LLC 3220 VANDIVER DR COLUMBIA MO 65202 FOOD SERVICE 1198760 ANTHOLOGY INC 5201 CONGRESS AVE STE 220A BOCA RATON FL 33487 EDUCATIONAL TECHNOLOGY SERVICES 469595 TREASURE VALLEY LITHO 29 N PHILLIPPI ST BOISE ID 83706 PRINTING SERVICES 318610 JENZABAR INC 181 S LIBERTY ST HARRISONBURG VA 22801 SOFTWARE SERVICES 249225 15 568393 5393929 986588 5962322 TUITION AND FEES 611600 54086999 54086999 AUXILIARY SERVICES 721310 5073608 5073608 ATHLETIC REVENUE 711210 924428 924428 OTHER STUDENT FEES 611710 728346 728346 STUDENT GOVT RECEIPTS 611710 388336 388336 791761 791761 61993478 1798581 1798581 299889 185315 114574 114574 114574 61791657 28675 55135417 0 6656240 28675 6684915 6684915 8214 6498 1716 1716 76555586 61318007 791761 8483496 21696172 21696172 445692 445692 735317 73400 494123 167794 18988618 16392222 1625876 970520 706365 689075 17290 4701534 4269246 259822 172466 1171584 1001211 101353 69020 119287 119287 107097 25 107072 47389 47389 4752823 3791904 400286 560633 366540 226150 4189 136201 2227949 1490956 137511 599482 1151248 418496 654738 78014 3268958 3194082 40527 34349 2024039 1817315 108302 98422 205916 197276 4693 3947 1077184 1077184 3675645 3445471 202565 27609 742770 70735 672035 MISCELLANEOUS 850682 841741 7561 1380 ENTERTAINMENT/RECEPTION 465015 396974 8713 59328 MEMBERSHIPS/SUBSCRIPTIO 345523 277739 29672 38112 EQUIPMENT RENTAL/REPAIR 214446 95266 99895 19285 53216 45343 7581 292 70141009 60923880 6180275 3036854 1538448 8974342 13280609 2480556 2598201 2387080 638996 863446 3040 2003 135406 47587 113888572 50765803 63334180 63122769 81579496 99264635 777012 332373 156561 125 1064540 1042419 165106489 178517335 2293840 2438384 1833439 2132691 24695101 24226050 2692027 2540712 31514407 31337837 X 70369958 72521774 63222124 74657724 133592082 147179498 165106489 178517335 X 6414577 7760887 -588048 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 67113234 67113234 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 0 810598 X X 0 60417621 984953 12868676 2520702 71750548 53597223 1032858 8073360 2285340 480 60417621 61223056 2863276 -8391458 1932560 165091 53597223 47852563 2982708 12138305 1750520 61223056 43367101 2444877 4615710 2575125 47852563 0.10450 0.53530 0.36020 0 0 1544846 3325975 4870821 664334 78055810 32979411 45740733 14406456 9817398 4589058 15891151 7968994 7922157 63122769 POST-RETIREMENT PAYABLE 705225 CHARITABLE TRUST FUNDS PAYABLE 1654550 ANNUITIES PAYABLE 180937 2540712 X 62611983 7760887 437374 8198261 54413722 22141864 22141864 76555586 48577576 578431 578431 47999145 22141864 22141864 70141009 PART III, LINE 4: COLLECTIONS OF VARIOUS ARTWORKS SUCH AS PRINTS, SCULPTURES, ETC., ARE HELD FOR PUBLIC EXHIBITION AS WELL AS FOR EDUCATION AND PRESERVATION FOR FUTURE GENERATIONS TO ENJOY. THERE ARE TWO INDOOR GALLERIES AND AN OUTDOOR SCULPTURE PARK AS WELL AS VARIOUS SCULPTURES SITUATED ACROSS THE 90-ACRE CAMPUS. PART V, LINE 4: ENDOWMENT FUNDS ARE BEING HELD FOR SCHOLARSHIPS, RESEARCH FELLOWSHIPS, AND MISCELLANEOUS USES AS SPECIFIED BY DONORS AT THE TIME THE FUNDS WERE ORIGINALLY DONATED TO THE UNIVERSITY. PART X, LINE 2: NORTHWEST NAZARENE UNIVERSITY AND NORTHWEST NAZARENE UNIVERSITY FOUNDATION ARE ORGANIZED AS IDAHO NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND (VIII), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTIONS 509(A)(1) AND (3), RESPECTIVELY. EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. EACH ENTITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ENTITIES WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES WERE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 6,498. RENTAL EXPENSES 185,315. CHANGE IN VALUE OF TRUSTS AND ANNUITIES 164,306. NNU HEALTH REVENUES 81,255. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 22,141,864. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 6,498. RENTAL EXPENSES 185,315. NNU HEALTH EXPENSES 386,618. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 22,141,864. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NORTWEST NAZARENE UNIVERSITY'S NONDISCRIMATORY POLICY IS DISPLAYED ON THE BOTTOM OF THEIR INTERNET HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY IS THE RECIPIENT AND/OR SUBRECIPIENT OF SEVERAL FEDERAL GRANTS. ADDITIONALLY, THE STATE OF IDAHO AND SOME OTHER STATES PROVIDE FINANCIAL AID FOR STUDENTS FROM THOSE STATES. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 STUDENT FINANCIAL AID 220172 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 STUDENT FINANCIAL AID 35800 SOUTH AMERICA 0 0 STUDENT FINANCIAL AID 87303 EUROPE (INCLUDING ICELAND & GREENLAND) 2 2 PROGRAM SERVICES STUDY TOUR FOR ART/DESIGN & THEOLOGY DEPARTMENTS 71252 EUROPE (INCLUDING ICELAND & GREENLAND) 2 3 PROGRAM SERVICES STUDY TOUR FOR THE HISTORY & POLITICAL SCIENCE DEPARTMENTS TO VISIT HISTORICAL SITES CONNECTED TO THE HOLOCAUST. 39974 SUB-SAHARAN AFRICA 0 0 STUDENT FINANCIAL AID 102417 4 5 0 0 4 5 556918 0 556918 STUDENT FINANCIAL AID EUROPE (INCLUDING ICELAND & GREENLAND) 6 220172 CHECK / ACH 0 N/A N/A STUDENT FINANCIAL AID EAST ASIA AND THE PACIFIC 2 35800 CHECK / ACH 0 N/A N/A STUDENT FINANCIAL AID SOUTH AMERICA 2 87303 CHECK / ACH 0 N/A N/A STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 4 102417 CHECK / ACH 0 N/A N/A 0 0 0 0 0 0 PART I, LINE 2: NORTHWEST NAZARENE UNIVERSITY MONITORS THE USE OF ITS GRANT FUNDS AS REQUIRED BY THE INDIVIDUAL GRANT PROGRAMS AND DONOR CRITERIA ESTABLISHED AT THE TIME OF THE ORIGINAL DONATION. THESE ARE MONITORED THROUGH THE ANNUAL AUDITING PROCESS AS WELL AS THROUGH FEDERAL AND STATE REPORTING REQUIREMENTS. ISIR/FAFSA AND HIGH SCHOOL TRANSCRIPTS SHOWING ELIGIBILITY FOR GRANTS ARE MAINTAINED IN THE STUDENT'S FILE FOR A PERIOD OF 7 YEARS AFTER THE STUDENT WITHDRAWS OR FINISHES THEIR PROGRAMS. GRANT AMOUNTS APPEAR ON THE AWARD LETTER IN THE FILE AS WELL AS ON THE INDIVIDUAL'S FINANCIAL AID RECORD IN THE DATABASE. PART I, LINE 3: ACCRUAL METHOD 1 SCHOLARSHIPS - GRADUATE 79 373818 153917 ACTUAL COST TUITION REMISSION SCHOLARSHIPS - UNDERGRADUATE 1259 19485279 1497673 ACTUAL COST TUITION REMISSION FELLOWSHIPS 196 185485 0 ACTUAL COST TUITION REMISSION PART I, LINE 2: NORTHWEST NAZARENE UNIVERSITY MONITORS THE USE OF ITS GRANT FUNDS AS REQUIRED BY THE INDIVIDUAL GRANT PROGRAMS AND DONOR CRITERIA ESTABLISHED AT THE TIME OF THE ORIGINAL DONATION. THESE ARE MONITORED THROUGH THE ANNUAL AUDITING PROCESS AS WELL AS THROUGH FEDERAL AND STATE REPORTING REQUIREMENTS. ISIR/FAFSA AND HIGH SCHOOL TRANSCRIPTS SHOWING ELIGIBILITY FOR GRANTS ARE MAINTAINED IN THE STUDENT'S FILE FOR A PERIOD OF 7 YEARS AFTER THE STUDENT WITHDRAWS OR FINISHES THEIR PROGRAMS. GRANT AMOUNTS APPEAR ON THE AWARD LETTER IN THE FILE AS WELL AS ON THE INDIVIDUAL'S FINANCIAL AID RECORD IN THE DATABASE. PART III, COLUMN (B): THE STUDENTS WHO RECEIVED AID ARE COUNTED BASED ON WHETHER THEY ARE A GRADUATE OR UNDERGRADUATE STUDENT, AND THE TOTAL AID IS CALCULATED BASED ON CASH OR NON CASH ASSISTANCE. GRANT/ASSISTANCE GIVEN TO NON U.S. RESIDENT STUDENTS IS DEDUCTED FROM THESE TOTALS AND RECORDED ON ACTIVITIES OUTSIDE THE U.S. THE STUDENTS WHO RECEIVED AID ARE COUNTED BASED ON WHETHER THEY ARE A GRADUATE OR UNDERGRADUATE STUDENT, AND THE TOTAL AID IS CALCULATED BASED ON CASH OR NON CASH ASSISTANCE. GRANT/ASSISTANCE GIVEN TO NON U.S. RESIDENT STUDENTS IS DEDUCTED FROM THESE TOTALS AND RECORDED ON ACTIVITIES OUTSIDE THE U.S. STUDENTS WHO RECEIVE FELLOWSHIP GRANT PAYMENTS ARE COUNTED AND THEIR TOTAL GRANT ASSISTANCE CALCULATED. 1 X X X 0 0 0 0 0 0 0 0 0 JOEL PEARSALL PRESIDENT 211465 0 0 0 0 0 12854 0 22709 0 247028 0 0 0 STEVE EMERSON VP OF FINANCE & OPERATIONS 127085 0 0 0 0 0 27319 0 28909 0 183313 0 0 0 BRADLEY KURTZ-SHAW VP OF ACADEMIC AFFAIRS 137041 0 0 0 0 0 29313 0 497 0 166851 0 0 0 A PUBLIC FINANCE AUTHORITY 273866124 74442PJS5 2018-07-31 26045122 SEE PART VI 0 0 0 A 1819073 26045122 1549688 435775 8679660 15380000 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: PUBLIC FINANCE AUTHORITY OF WISCONSIN (F) DESCRIPTION OF PURPOSE: REFINANCE 2013 BOND; CAPITAL IMPROVEMENTS 171508 TUITION REMISSION TUITION REMISSION 159873 MERIT/NEED BASED SCHOLARSHIP SCHOLARSHIP AMY ACKLEY SISTER IN LAW OF TRUSTEE HEIDI HAGAMEIER 64981 EMPLOYMENT COMPENSATION/BENEFITS 0 PARKER AKKERMAN DAUGHTER OF KEY EMPLOYEE JAY AKKERMAN 24315 EMPLOYMENT COMPENSATION/BENEFITS 0 JULIE BARRAS NIECE OF PRESIDENT JOEL PEARSALL 48640 EMPLOYMENT COMPENSATION/BENEFITS 0 CATHERINE BECKER DAUGHTER OF KEY EMPLOYEE MICHELLE KUYKENDALL 62017 EMPLOYEE COMPENSATION/BENEFITS 0 DAVE COVINGTON HUSBAND OF KEY EMPLOYEE KELLY COVINGTON 101025 EMPLOYMENT COMPENSATION/BENEFITS 0 KELLY COVINGTON WIFE OF KEY EMPLOYEE DAVE COVINGTON 35614 EMPLOYMENT COMPENSATION/BENEFITS 0 MICHELLE EMERSON SISTER IN LAW OF KEY EMPLOYEE STEVE EMERSON 37866 EMPLOYMENT COMPENSATION/BENEFITS 0 PAULA KELLERER SELF - PAULA IS ON THE BOARD OF TRUSTEES 5878 EMPLOYMENT COMPENSATION/BENEFITS 0 KAREN KNIGHT WIFE OF KEY EMPLOYEE BRYON KNIGHT 30732 EMPLOYMENT COMPENSATION/BENEFITS 0 SYDNEY KNIGHT DAUGHTER OF KEY EMPLOYEE BRYON KNIGHT 15196 EMPLOYMENT COMPENSATION/BENEFITS 0 DAVID KOHAGEN SON IN LAW OF TRUSTEES DAVE & MELISSA MOWRY; SON OF EMPLOYEE BRIAN KOHAGEN 37300 EMPLOYMENT COMPENSATION/BENEFITS 0 OLIVIA MACDONALD DAUGHTER OF FOUNDATION BOARD MEMBER TODD MACDONALD 38538 EMPLOYMENT COMPENSATION/BENEFITS 0 ZACH MARBLE BROTHER OF KEY EMPLOYEE AMANDA MARBLE 53763 EMPLOYMENT COMPENSATION/BENEFITS 0 ANDREA MORGAN DAUGHTER OF KEY EMPLOYEE PAM BECK 39936 EMPLOYMENT COMPENSATION/BENEFITS 0 NATHAN MWIINGA SON OF KEY EMPLOYEE SAGE MWIINGA 20643 EMPLOYMENT COMPENSATION/BENEFITS 0 CHADWICK PEARSALL SON OF PRESIDENT JOEL PEARSALL 31283 EMPLOYMENT COMPENSATION/BENEFITS 0 TIMOTHY STREIGHT SON OF TRUSTEE JOY STREIGHT 33361 EMPLOYMENT COMPENSATION/BENEFITS 0 STEPHANIE WILLIAMS DAUGHTER OF KEY EMPLOYEE MICHELLE KUYKENDALL 37575 EMPLOYMENT COMPENSATION/BENEFITS 0 HEIDI ZICKEFOOSE SISTER OF FOUNDATION BOARD MEMBER LINCOLN HAGOOD 61831 EMPLOYMENT COMPENSATION/BENEFITS 0 X 3490 FMV X 8791 618320 SHARE VALUE ON SALE DATE X ESTATES/REMAINDERS 4 331121 FMV X SCIENCE EQUIPMENT 36 33157 FMV X GIFT CARDS 1 500 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS FORM 990, PART III, LINE 3 OUR ON-CAMPUS BOOKSTORE IS NOW BEING RUN BY AN OUTSIDE THIRD PARTY. OUR ON-CAMPUS PHYSICAL HEALTH SERVICE HAS BEEN SET UP AS A SEPARATE ENTITY TO ALLOW FOR THE PROVISION OF SERVICES TO THE CAMPUS COMMUNITY AS WELL AS PATIENTS FROM OUTSIDE THE UNIVERSITY POPULATION. FORM 990, PART VI, SECTION A, LINE 1A THE FULL BOARD OF TRUSTEES COMES TOGETHER TWICE EACH YEAR, IN OCTOBER AND MARCH. FOR MATTERS THAT COME UP IN BETWEEN THESE TWO MEETINGS, THE BOARD HAS ESTABLISHED AN EXECUTIVE COMMITTEE TO ACT ON ITS BEHALF. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRPERSON, THE VICE CHAIRPERSON, THE SECRETARY OF THE BOARD, AND FIVE OTHER PERSONS ELECTED FROM AMONG THE MEMBERS OF THE BOARD OF TRUSTEES. REPRESENTATION INCLUDES FOUR LAY REPRESENTATIVES AND FOUR MINISTERIAL REPRESENTATIVES, AT LEAST ONE DISTRICT SUPERINTENDENT, AND AT LEAST ONE PASTOR. THE PRESIDENT OF THE UNIVERSITY IS A NON-VOTING, EX-OFFICIO MEMBER OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT FOR THE UNIVERSITY WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION. IN ADDITION, THE EXECUTIVE COMMITTEE OVERSEES THE WORK OF BOARD COMMITTEES AND SERVES AS THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES. NON-WITHSTANDING THE ABOVE, THE FOLLOWING MATTERS ARE RESERVED FOR THE BOARD OF TRUSTEES UNLESS DELEGATED TO THE EXECUTIVE COMMITTEE: PRESIDENTIAL SELECTION AND TERMINATION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSE; CHANGES TO THE ARTICLES OF INCORPORATION AND/OR BYLAWS, INCURRING CORPORATE INDEBTEDNESS; SALE OF UNIVERSITY REAL PROPERTY; ADOPTION OF THE ANNUAL BUDGET; CONFERRAL OF DEGREES; AND OTHER POWERS EXPRESSLY RESERVED TO THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE REGULARLY REPORTS ITS ACTIONS TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 SCOTT SHAW OF INTERMOUNTAIN DISTRICT, BRAD SWARTZENTRUBER OF NORTHWEST CHRISTIAN CREDIT UNION, AND DENNIS JOHNSON OF IDACORP/IDAHO POWER ALL HAVE BUSINESS RELATIONSHIPS, FORM 990, PART VI, SECTION A, LINE 7A THE DISTRICT ASSEMBLIES ON THE NORTHWEST USA REGION OF THE CHURCH OF NAZARENE SHALL ELECT, CONSISTENT WITH THE ARTICLES OF INCORPORATION AND THE BYLAWS OF THE UNIVERSITY, THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B ANY PROPOSED AMENDMENTS TO THE UNIVERSITY'S ARTICLES OF INCORPORATION MUST BE RATIFIED BY A MAJORITY VOTE IN TWO-THIRDS OF THE DISTRICT ASSEMBLIES IN THE NORTHWEST USA REGION. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 HAS BEEN PREPARED BY THE UNIVERSITY'S ACCOUNTING FIRM, IT IS REVIEWED BY THE CONTROLLER AND THE VP FOR FINANCE (CFO) FOR ANY MISSING AND/OR INACCURATE NUMBERS, STATEMENTS, ETC. WHEN MANAGEMENT IS SATISFIED THAT IT IS ACCURATE AND COMPLETE, AN ELECTRONIC COPY OF THE FORM AND ALL SCHEDULES IS EMAILED TO THE INDIVIDUALS ON THE AUDIT COMMITTEE FOR THEIR REVIEW. IF THE TIMING IS SUCH THAT IT CAN BE READILY REVIEWED AT A REGULARLY-SCHEDULED BOARD MEETING, THE AUDIT COMMITTEE DISCUSSES ANY QUESTIONS THEY HAVE WITH MANAGEMENT AND/OR THE ACCOUNTING FIRM AT THE MEETING. WHEN ALL QUESTIONS HAVE BEEN ANSWERED TO THEIR SATISFACTION, ALL OTHER TRUSTEES RECEIVE AN ELECTRONIC COPY OF THE RETURN BEFORE IT IS ELECTRONICALLY FILED WITH THE IRS. IF THE TIMING DOES NOT COINCIDE WITH A REGULARLY-SCHEDULED BOARD MEETING, THE MEMBERS OF THE AUDIT COMMITTEE DIRECT ANY QUESTIONS THEY HAVE TO THE CONTROLLER AND/OR CFO EITHER INDIVIDUALLY VIA EMAIL OR TELEPHONE OR A TELEPHONE CONFERENCE CALL MEETING IS HELD AT WHICH ALL OF THE COMMITTEE CAN DISCUSS ANY QUESTIONS THEY HAVE. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF TRUSTEES SHALL, ANNUALLY, SIGN A STATEMENT CERTIFYING THAT THEY HAVE READ, UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. IF THERE ARE ANY EXCEPTIONS, THEY ARE REQUIRED TO STATE THEM AND EXCUSE THEMSELVES FROM VOTING ON ANY BUSINESS RELATED TO THE AREA OF CONFLICT. ADDITIONALLY, ANY EMPLOYEES WHO REPORT DIRECTLY TO THE PRESIDENT OR A VICE PRESIDENT SHALL SIGN THE SAME STATEMENT, ALSO NOTING ANY EXCEPTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY PRESIDENT'S SALARY IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THEY USE COMPARATIVE POSITION AND SALARY DATA FROM OTHER UNIVERSITIES OF SIMILAR SIZE AND DEMOGRAPHICS, SUCH AS SCHOOLS WITHIN THE COUNCIL FOR CHRISTIAN COLLEGES & UNIVERSITIES (CCCU) AND THE UNIVERSITY'S SEVEN SISTER NAZARENE UNIVERSITIES. THEIR RECOMMENDATION IS THEN TAKEN TO THE FULL BOARD OF TRUSTEES FOR THEIR APPROVAL. DETAILED MINUTES ARE KEPT OF ALL MEETINGS OF BOTH THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THE SALARIES OF THE OTHER OFFICERS ARE DETERMINED ANNUALLY USING COMPARATIVE POSITION AND SALARY DATA FROM OTHER UNIVERSITIES OF SIMILAR SIZE AND DEMOGRAPHICS. THIS PROCESS IS DIRECTED AND UNDERTAKEN BY THE PRESIDENT. COMPENSATION RECOMMENDATIONS MADE BY THE PRESIDENT IS REPORTED TO GOVERNANCE AND IS DETERMINED WITHIN THE ESTABLISHED BUDGETARY PROCESS OF THE UNIVERSITY. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THEY ARE AVAILABLE FOR REVIEW DURING REGULAR BUSINESS HOURS AND A COPY CAN BE OTAINED WITHIN A REASONABLE TIME PERIOD. THE REQUESTOR MAY BE REQUIRED TO PAY THE COSTS OF REPRODUCING THE COPIES, IF NEEDED. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF TRUSTS AND ANNUITIES 164,306. BEGINNING NET ASSETS HELD AT NNU HEALTH -752,354. FORM 990, PART XII, LINE 2C: THIS PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. NORTHWEST NAZARENE UNIVERSITY FOUNDATION INC 623 S UNIVERSITY BLVD NAMPA ID 83686 820432900 PROVIDE SUPPORT TO NW NAZARENE UNIVERSITY INC ID 501(C)(3) LINE 12A, I NORTHWEST NAZARENE UNIVERSITY INC 1 NNU HEALTH INC 823 E AMITY AVE NAMPA ID 83686 932315653 TO PROVIDE CARE FOR THE BETTERMENT AND PROTECTION OF THE PUBLIC HEALTH ID 501(C)(3) LINE 3 NORTHWEST NAZARENE UNIVERSITY INC 1 CHARITABLE REMAINDER TRUSTS (25) INVESTMENTS ID NORTHWEST NAZARENE UNIVERSITY INC T 1 0 0 0 1 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 NNU HEALTH INC D 500000 ACTUAL AMOUNT