2022-04-26T06:47:12-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-07-01 820200907 NORTHWEST NAZARENE UNIVERSITY INC NORT 2084678525 623 S UNIVERSITY BOULEVARD NAMPA ID 83686 STEVEN EMERSON VP FOR FINANCE AND OPERATIONS 2084678525 2022-04-18 1 STEVEN EMERSON 999009999 BRENDA SCHERER P01268828 6123764500 2022-04-18 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOEL PEARSALL 623 S UNIVERSITY BOULEVARD NAMPA ID 83686 72716658 0 X WWW.NNU.EDU X 1913 ID THE MISSION OF NNU IS THE TRANSFORMATION OF THE WHOLE PERSON. 39 32 914 40 45694 0 8353460 8582977 50853594 53608072 2193400 6150650 649148 585224 62049602 68926923 18746360 20450223 0 0 23246293 23568089 0 0 2768986 17441722 18171011 59434375 62189323 2615227 6737600 150539904 167062709 40621050 39664027 109918854 127398682 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 0 40002111 20450223 47393529 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, TWO 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 2,000 UNDERGRADUATE AND GRADUATE STUDENTS, MORE THAN 6,000 CONTINUING EDUCATION STUDENTS, AND OVER 2,000 HIGH SCHOOL STUDENTS THROUGH THE CONCURRENT CREDIT PROGRAM. 8464806 0 801083 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. 5083949 0 5395402 AUXILIARY SERVICES:FOOD SERVICES: MEALS ARE PROVIDED AT NORTHWEST NAZARENE UNIVERSITY BY SODEXO, INC. AND AFFILIATES. MOST STUDENTS LIVING ON CAMPUS ARE REQUIRED TO CARRY A MEAL PLAN. MEAL PLAN OPTIONS ARE BASED ON THE RESIDENCE HALL BEING LIVED IN. APPROXIMATELY 630 STUDENTS WERE ENROLLED IN SOME TYPE OF MEAL PLAN ON CAMPUS.PROGRAM SERVICE ACCOMPLISHMENTS: CONVENIENCE OF ON-CAMPUS LIVING. ALL SEVEN FACILITIES COMBINE FOR A TOTAL CAPACITY OF MORE THAN 800 STUDENTS. 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: LOCAL ON-CAMPUS AND ON-LINE BOOKSTORE SERVING THE NEEDS OF STUDENTS, FACULTY, STAFF, PARENTS, AND ALUMNI OF NORTHWEST NAZARENE UNIVERSITY. AN ASSORTMENT OF ITEMS IS AVAILABLE TO SUPPORT THE ACADEMIC CAREER AND SCHOOL SPIRIT.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. 53550866 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 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 0 0 0 1 262 0 1 914 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 32 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 OR UT WA X STEVEN EMERSON VP OF FINANCE AND OPERATIONS 2084678527 623 S UNIVERSITY BOULEVARD NAMPA ID 83686 JOEL PEARSALL PRESIDENT 50.00 X X 208568 0 21496 KAREN BALL TRUSTEE (PART YEAR) 1.00 X 0 0 0 BILL BOWERS TRUSTEE (PART YEAR) 1.00 X 0 0 0 JEREMY CARR TRUSTEE (PART YEAR) 1.00 X 0 0 0 DAVE WESTMARK TRUSTEE (PART YEAR) 1.00 X 0 0 0 JEFF ALEXANDER TRUSTEE 1.00 X 0 0 0 TOMAS ALVAREZ TRUSTEE 1.00 X 0 0 0 DAVE ANDERSON TRUSTEE 1.00 X 0 0 0 BILL BUCKHOLDT TRUSTEE 1.00 X 0 0 0 TIM BUNN TRUSTEE 1.00 X 0 0 0 RYAN COMINGDEER TRUSTEE 1.00 X 0 0 0 KEVIN COMPTON TRUSTEE 1.00 X 0 0 0 RICK DANIELS TRUSTEE 1.00 X 0 0 0 BRADLEY EDGBERT TRUSTEE 1.00 X 0 0 0 BOB HAMILTON TRUSTEE 1.00 X 0 0 0 PAUL HARTLEY TRUSTEE 1.00 X 0 0 0 JENNA KEARNS TRUSTEE 1.00 X 0 0 0 JEFF KINNEEVEAUK TRUSTEE 1.00 X 0 0 0 JOSEPH LANHAM TRUSTEE 1.00 X 0 0 0 DENNIS LINNELL TRUSTEE 1.00 X 0 0 0 TAHMINA MARTELLY TRUSTEE 1.00 X 0 0 0 BRANDIN MELTON TRUSTEE 1.00 X 0 0 0 EDWARD MILES TRUSTEE 1.00 X 0 0 0 DAVE MOWRY TRUSTEE 1.00 X 0 0 0 BEN NORRIS TRUSTEE 1.00 X 0 0 0 BECCA NOTBOHM TRUSTEE 1.00 X 0 0 0 DAVID RALPH TRUSTEE 1.00 X 0 0 0 MINNIE RICHARDS TRUSTEE 1.00 X 0 0 0 J SCOTT SHAW TRUSTEE 1.00 X 0 0 0 JULIE SIEVERS TRUSTEE 1.00 X 0 0 0 SCOTT SIMONS TRUSTEE 1.00 X 0 0 0 ROBERT SKINNER TRUSTEE 1.00 X 0 0 0 JOY STREIGHT TRUSTEE 1.00 X 0 0 0 BRAD SWARTZENTRUBER TRUSTEE 1.00 X 0 0 0 CYNTHIA TOBIAS TRUSTEE 1.00 X 0 0 0 CANDACE TYGART TRUSTEE 1.00 X 0 0 0 BILL VAUGHN TRUSTEE 1.00 X 0 0 0 DANENE VAUGHN TRUSTEE 1.00 X 0 0 0 BOB WALKER TRUSTEE 1.00 X 0 0 0 MILLIE WATKINS TRUSTEE 1.00 X 0 0 0 MIKE YOST TRUSTEE 1.00 X 0 0 0 MIKE ZAHARE CHAIRMAN 1.50 X X 0 0 0 JERRY KESTER VICE-CHAIRMAN 1.50 X X 0 0 0 DAVID SLONAKER SECRETARY 1.50 X X 0 0 0 STEVE EMERSON VP OF FINANCE & OPERATIONS 50.00 X 121921 0 23977 MARK WHEELER VP OF EXTERNAL RELATIONS 50.00 X 113578 0 28181 BRADLEY KURTZ-SHW VP OF ACADEMIC AFFAIRS 50.00 X 124838 0 20811 568905 0 94465 4 0 1 0 SODEXO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 BOARD/CATERING SERVICES & FACILITIES 2964327 HILL CONSTRUCTION CO LLC 760 E KING ST STE 107 MERIDIAN ID 83642 BUILDING CONSTRUCTION 875674 DRAKE COOPER INC 416 S 8TH ST 300 BOISE ID 83702 ADVERTISING 365174 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 CONSULTING & MARKETING 303313 RIGHT SYSTEMS INC 90 W COTTONWOOD CT 150 EAGLE ID 83616 COMPUTER SUPPORT & SERVICES 198092 8 1196565 7386412 1411165 8582977 TUITION AND FEES 611600 47411587 47411587 AUXILIARY SERVICES 611710 5395402 5395402 ATHLETIC REVENUE 611710 480618 480618 STUDENT GOVT RECEIPTS 611710 269877 269877 OTHER STUDENT FEES 611710 50588 50588 53608072 521725 521725 204992 136492 68500 68500 68500 9030957 32000 3434032 0 5596925 32000 5628925 5628925 132653 219211 -86558 -86558 OTHER SERVICES 900099 603282 45694 557588 603282 68926923 53590014 45694 6708238 20450223 20450223 797879 70391 680561 46927 16838939 14694188 1057060 1087691 753835 641541 56622 55672 4077085 3248077 654263 174745 1100351 934970 94483 70898 95740 95740 129837 129837 16873 16873 4791063 3410742 404312 976009 352606 250902 35403 66301 1848019 1690913 40530 116576 1190957 443455 670901 76601 2659273 2571069 62409 25795 653623 620050 27491 6082 89541 74361 11923 3257 1138253 1138253 3714020 3481444 204679 27897 412632 412632 MISCELLANEOUS 541720 540335 1244 141 MEMBERSHIPS/SUBSCRIPTIO 245535 189904 30784 24847 ENTERTAINMENT/RECEPTION 127246 117008 3425 6813 EQUIPMENT RENTAL/REPAIR 100761 43510 56599 652 63312 60910 320 2082 62189323 53550866 5869471 2768986 4713040 2024963 6327006 9354434 4156643 3013567 872953 550253 119998 108534 209827 216715 116066517 52827169 65722548 63239348 50945307 71069408 13951405 16769311 1675135 196069 1846042 520107 150539904 167062709 2225816 2366075 1783528 3395474 30751319 30327505 5860387 3574973 40621050 39664027 X 61259518 65975676 48659336 61423006 109918854 127398682 150539904 167062709 X 6737600 10352831 389397 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 62545026 62545026 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 803978 X X 0 47852563 2982708 12138305 1750520 61223056 43367101 2444877 4615710 2575125 47852563 56285406 1023235 3558611 2493790 15006361 43367101 57473418 902430 4596545 1329480 5075066 282441 56285406 52116950 586377 6295421 1315125 210205 57473418 0.11346 0.55162 0.33490 0 0 1544843 3124575 4669418 679605 74646456 26503466 48822595 0 24466958 19314478 5152480 11604080 7009225 4594855 63239348 FIXED INCOME 14902966 F REAL ESTATE 1866345 F 16769311 REFUNDABLE LOAN PROGRAMS 117340 POST-RETIREMENT PAYABLE 996559 CHARITABLE TRUST FUNDS PAYABLE 1973284 CAPITAL LEASE OBLIGATIONS 162725 ANNUITIES PAYABLE 325065 3574973 X 59668139 10352831 745100 11097931 48570208 20356715 20356715 68926923 42220311 355703 355703 41864608 20324715 20324715 62189323 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 219,211. RENTAL EXPENSES 136,492. CHANGE IN VALUE OF TRUSTS AND ANNUITIES 389,397. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS 32,000. COLLEGE FUNDED SCHOLARSHIPS 20,324,715. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 219,211. RENTAL EXPENSES 136,492. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 20,324,715. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S NONDISCRIMINATION POLICY IS INCLUDED ON THE APPLICATION FORM AND THE CATALOG IN ADDITION TO BEING PUBLISHED ON THE UNIVERSITY WEBSITE. 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. EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS 32805 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS 0 0 0 0 0 0 32805 0 32805 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS - GRADUATE 50 213989 0 N/A N/A SCHOLARSHIPS - UNDERGRADUATE 1173 20110726 0 N/A N/A FELLOWSHIPS - RESEARCH STUDENTS 135 125508 0 N/A N/A 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. 1 X X X 0 0 0 0 0 0 0 0 0 JOEL PEARSALL PRESIDENT 196088 0 0 0 12480 0 12480 0 9016 0 230064 0 0 0 A PUBLIC FINANCE AUTHORITY 273866124 74442PJS5 2018-07-31 26045122 SEE PART VI 0 0 0 A 26045122 1549688 435775 8679660 15380000 1 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 0 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 GABRIEL MILES SON OF TRUSTEE EDWARD MILES 6800 MERIT/NEED BLAKE MOWRY SON OF TRUSTEE DAVE MOWRY 22232 MERIT/NEED ERIKA VAUGHN DAUGHTER OF TRUSTEES BILL & DALENE VAUGHN 315 MERIT/NEED JULIE BARRASS NIECE OF PRESIDENT JOEL PEARSALL 39282 EMPLOYMENT COMPENSATION 0 DAVID KOHAGEN SON-IN-LAW OF TRUSTEE DAVE MOWRY 18188 EMPLOYMENT COMPENSATION 0 CORAL MATTEI SISTER OF TRUSTEE JOY STREIGHT 28766 EMPLOYMENT COMPENSATION 0 CHADWICK PEARSALL SON OF PRESIDENT JOEL PEARSALL 5100 EMPLOYMENT COMPENSATION 0 TIMOTHY STREIGHT SON OF TRUSTEE JOY STREIGHT 36350 EMPLOYMENT COMPENSATION 0 TERESA TYGART MOTHER-IN-LAW OF TRUSTEE CANDACE TYGART 35474 EMPLOYMENT COMPENSATION 0 X 5 1411165 AVERAGE STOCK PRICE 0 1 1 PART I, LINE 32B: GIFTS OF PROPERTY ARE LISTED WITH A REALTOR. FORM 990, PART VI, SECTION A, LINE 1 THE FULL BOARD OF TRUSTEES COMES TOGETHER TWICE EACH YEAR, IN OCTOBER AND MARC 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 IN 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. NOTWITHSTANDING THE ABOVE, THE FOLLOWING MATTERS ARE RESERVED FOR THE BOARD OF TRUSTEES UNLESS DELEGATED TO THE EXECUTIVE COMMITEE: 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 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 15A 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. THIS PROCESS WAS LAST UNDERTAKEN IN 2020, FOR JOEL PEARSALL, PRESIDENT. 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 UNDERTAKEN IN 2019, UPON THE HIRING OF STEVEN EMERSON, VPFO. 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 389,397. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM 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 CHARITABLE REMAINDER TRUSTS (25) INVESTMENTS ID NORTHWEST NAZARENE UNIVERSITY INC T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0