2021-05-12T11:40:50-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 411878924 NORTHWESTERN FOUNDATION NORT 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 BRYON D KRUEGER TREASURER 6516315100 2021-05-10 1 DON LOBERG P01541048 6123764500 2021-05-10 2019 2022-09-23 18:48:47Z RONALD R HALVERSON 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 1875671 0 X N/A X 1996 MN SECURE, RECEIVE, AND MANAGE GIFTS ON BEHALF OF THE UNIVERSITY NW - ST. PAUL AND OTHER CHARITIES. 8 7 0 7 0 0 292996 136783 0 0 212850 281867 232888 91221 738734 509871 915881 459285 0 0 0 0 0 0 7513 238247 202269 1154128 661554 -415394 -151683 6198577 5784550 1030922 1002675 5167655 4781875 TO SECURE, RECEIVE AND MANAGE PLANNED GIFTS ON BEHALF OF PUBLIC CHARITIES INCLUDING UNIVERSITY OF NORTHWESTERN - ST. PAUL. 0 0 535224 459285 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. 535224 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 42 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 AK CO DC MD MI MN NH NJ OH OK OR SC UT WA X BRYON D KRUEGER 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DR ALAN CURETON DIRECTOR 2.00 45.00 X 0 427015 28316 BRYON D KRUEGER TREASURER 2.00 45.00 X 0 149913 24741 KIRBY STOLL PRESIDENT 9.00 31.00 X 0 95529 21297 RONALD HALVERSON CHAIR 2.00 0.00 X X 0 0 0 NANCY JOHNSON SECRETARY 2.00 0.00 X X 0 0 0 STAN ERICKSON DIRECTOR 2.00 2.00 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 SAYRE III DIRECTOR 2.00 2.00 X 0 0 0 KEVIN ZWART DIRECTOR 2.00 0.00 X 0 0 0 0 672457 74354 0 0 1 0 0 67500 69283 136783 129504 129504 1518163 1365800 152363 152363 152363 INVESTMENT MANAGEMENT 900099 79282 79282 SERVICE REVENUE 900099 11939 11939 91221 509871 0 0 373088 X 459085 459085 200 200 2324 1162 1162 2114 2114 22167 22167 147902 73951 73951 5681 415 1537 3729 1760 1760 78 26 26 26 17244 17244 CLIENT ENTERTAINMENT 1146 1146 DUES AND SUBSCRIPTIONS 923 231 461 231 FOOD 467 467 COMPLIANCE FEES 463 154 155 154 661554 535224 118817 7513 245549 3883 445172 303767 5185680 5129233 322176 347667 6198577 5784550 127592 120243 903330 882432 1030922 1002675 X 1266026 928842 3901629 3853033 5167655 4781875 6198577 5784550 X -151683 -197261 -36836 X X 0 1 X 1 0 X 907505 619305 1027852 292996 136783 2984441 907505 619305 1027852 292996 136783 2984441 772440 2212001 137015 141183 139640 166001 129504 713343 67236 71181 108335 232888 91221 570861 4268645 0.51820 0.52240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INVESTMENT MANAGEMENT FEES - 2015 AMOUNT: $ 63,244. 2016 AMOUNT: $ 68,448. 2017 AMOUNT: $ 74,685. 2018 AMOUNT: $ 75,777. 2019 AMOUNT: $ 79,282. SERVICE REVENUE - 2015 AMOUNT: $ 3,992. 2016 AMOUNT: $ 2,733. 2017 AMOUNT: $ 33,650. 2018 AMOUNT: $ 157,111. 2019 AMOUNT: $ 11,939. SCHEDULE A, PART VI: SERVICE REVENUE INCREASE IN 2018 IS DUE TO A MATERIAL GAIN ON THE SALE OF ASSETS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9 42293 354285 167410 1 1 2769737 79427 -34489 0 112610 2702065 3045270 91424 52981 291737 128201 2769737 3010071 47642 201722 214165 3045270 2928241 44914 240689 203773 3010071 3294523 19964 755 135125 251876 2928241 0.03270 0.87710 0.09020 0 0 0 CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 347667 347667 ANNUITY OBLIGATIONS 882432 882432 X PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE MISSION AND PROGRAMS OF UNIVERSITY OF NORTHWESTERN - ST. PAUL AND OTHER NONPROFIT ORGANIZATIONS. PART X, LINE 2: THE NORTHWESTERN FOUNDATION QUALIFIES AS A TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF MINNESOTA LAW. 1 UNIVERSITY OF NORTHWESTERN - ST PAUL 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 410711610 501(C)(3) 107304 N/A N/A GENERAL SUPPORT AND SCHOLARSHIPS EVERY HOME FOR CHRIST 640 CHAPEL HILL DRIVE COLORADO SPRINGS CO 80920 237093281 501(C)(3) 63988 N/A N/A GENERAL OPERATING SUPPORT CAMPUS CRUSADE FOR CHRIST 100 LAKE HART DRIVE ORLANDO FL 32832 956006173 501(C)(3) 229800 N/A N/A GENERAL OPERATING SUPPORT AND INTERNATIONAL STAFF NORTH HEIGHTS LUTHERAN CHURCH 1700 HIGHWAY 96 WEST ARDEN HILLS MN 55113 410832485 501(C)(3) 10000 N/A N/A GENERAL OPERATING SUPPORT TREEHOUSE HOPE 5757 WAYZATA BLVD ST LOUIS PARK MN 55416 363287099 501(C)(3) 23993 N/A N/A GENERAL OPERATING SUPPORT NORTH INDIA INDIGENOUS PARTNERS PO BOX 10685 WHITE BEAR LAKE MN 55110 455151626 501(C)(3) 6000 N/A N/A GENERAL OPERATING SUPPORT 6 0 PART I, LINE 2: THE FOUNDATION'S PRIMARY ASSISTANCE WAS TO CAMPUS CRUSADE FOR CHRIST AND TO THE UNIVERSITY OF NORTHWESTERN - ST PAUL, UNDER COMMON LEADERSHIP. ADDITIONAL ASSISTANCE WAS PROVIDED TO BENEFIT LOCAL MINISTRIES. 0 1 0 0 0 0 0 0 0 DR ALAN CURETON DIRECTOR 0 321885 0 22225 0 82905 0 16200 0 12116 0 455331 0 0 BRYON D KRUEGER TREASURER 0 149132 0 0 0 781 0 9519 0 15222 0 174654 0 0 PART I, LINE 3 THE COMPENSATION OF THE OFFICERS OF THE NORTHWESTERN FOUNDATION IS DETERMINED BY THE UNIVERSITY OF NORTHWESTERN - ST. PAUL, A RELATED ORGANIZATION, WHICH UTILIZES COMPENSATION SURVEYS OR STUDIES TO ESTABLISH COMPENSATION. PART I, LINE 4B EMPLOYER CONTRIBUTION TO 457(F) PLAN: DR. CURETON - PAYMENT OF $10,500 TO 457(F) PLAN ON BEHALF OF DR. CURETON, NOT TAXABLE UNTIL VESTED. 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 TREASURER, PRESIDENT OF THE FOUNDATION, AND CONTROLLER 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 IX, LINE 11G OTHER PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 2,451. MANAGEMENT AND GENERAL EXPENSES 2,451. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,902. INTERCOMPANY SERVICE FEES: PROGRAM SERVICE EXPENSES 71,500. MANAGEMENT AND GENERAL EXPENSES 71,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 143,000. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -36,836. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING AND SELECTING 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 CHARITABLE REMAINDER TRUSTS (1) TRUSTS MN NORTHWESTERN FOUNDATION T 1 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0