2020-07-13T16:06:48-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2018-07-01 410711610 UNIVERSITY OF NORTHWESTERN - ST PAUL UNIV 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 BRYON D KRUEGER VP FOR FINANCE/CFO 6516315100 2020-07-10 1 KAREN GRIES P00078514 6123764500 2020-07-09 67.137.57.251 2020-07-10 00:34:18 CD P A6AD3476A9076C5B724E5E12CCE393A62F1B66BA D3A0ED744047452EE293BD8F6CBFA2B621E7A03D 2018 2021-01-29 14:40:06Z NORTHWESTERN MEDIA DR ALAN CURETON 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 110514390 0 X WWW.UNWSP.EDU X 1902 MN TO ENCOURAGE SPIRITUAL & INTELLECTUAL GROWTH IN A NONDENOMINATIONAL CHRISTIAN UNIVERSITY. 15 14 1969 1200 879748 0 20024411 22543537 78751942 82848906 1233693 1118382 132002 185816 100142048 106696641 20065548 21084200 0 0 41906858 45129847 844897 823053 4331521 35037958 36605424 97855261 103642524 2286787 3054117 134424847 134264432 39300738 36208946 95124109 98055486 X SEE SCHEDULE O. FOUNDED IN 1902, UNIVERSITY OF NORTHWESTERN - ST. PAUL IS A NONDENOMINATIONAL CHRISTIAN UNIVERSITY THAT INTEGRATES THE EDUCATIONAL PHILOSOPHY OF "FAITH, LEARNING AND LIVING" THROUGH TWO FOCUSES: HIGHER EDUCATION AND MEDIA. THE MISSION OF THE UNIVERSITY IS 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. 0 0 41298648 20674588 60735841 SEE SCHEDULE O.ACADEMIC INSTRUCTION AND SUPPORT:THE HIGHER EDUCATION FOCUS OFFERS A VAST ARRAY OF OPPORTUNITIES WITHIN A STRONG ACADEMIC PROGRAM. NORTHWESTERN OFFERS MORE THAN 70 AREAS OF STUDY RANGING FROM ELEMENTARY EDUCATION AND PASTORAL STUDIES TO BROADCASTING/ELECTRONIC MEDIA AND PSYCHOLOGY. THE CORE COMPONENT IS THE TRADITIONAL UNDERGRADUATE PROGRAM, WHICH ENROLLS OVER 1,825 STUDENTS. THE COLLEGE OF ADULT & GRADUATE STUDIES, WHICH SERVES AN ADDITIONAL 400 STUDENTS, INCLUDES THE ADULT UNDERGRADUATE PROGRAM AND GRADUATE STUDIES. UNDERGRADUATE PATHWAYS, INCLUDING PSEO/EARLY COLLEGE, AND ONLINE LEARNING TOGETHER SERVE APPROXIMATELY 1,925, BRINGING TOTAL ENROLLMENT TO OVER 4,150 STUDENTS ACROSS ALL VENUES. NORTHWESTERN'S 107-ACRE CAMPUS IN SUBURBAN SAINT PAUL, MINNESOTA HAS 15 ACADEMIC AND RESIDENTIAL BUILDINGS. NORTHWESTERN IS A COMMUNITY IN WHICH ALL LEARNING IS FRAMED WITHIN THE CONTEXT OF A BIBLICAL WORLDVIEW. STUDENTS WHO ENROLL AS FRESHMAN ARE REQUIRED TO COMPLETE 30 CREDITS OF BIBLE COURSES AS PART OF THEIR CORE CURRICULUM, THEREBY MAKING THEM ELIGIBLE FOR A SECOND MAJOR IN BIBLE FROM THE DEPARTMENT OF BIBLICAL AND THEOLOGICAL STUDIES. DAILY CHAPEL IS AN INTEGRAL PART OF THE TRADITIONAL PROGRAM WHERE STUDENTS HEAR WORLD-RENOWNED SPEAKERS AND PARTICIPATE IN PRAISE AND WORSHIP. NORTHWESTERN'S 35,OOO-PLUS ALUMNI POSITIVELY IMPACT SOCIETY THROUGH CAREERS IN LAW, EDUCATION, MEDICINE, GOVERNMENT, COMPUTER TECHNOLOGY AND FORTUNE 500 BUSINESSES, AS WELL AS IN MISSIONS, CHURCHES AND PARACHURCH MINISTRIES. 15989249 111169 14274251 SEE SCHEDULE 0. STUDENT AND AUXILIARY SERVICES:NORTHWESTERN STUDENTS ARE OFFERED A HOST OF ACADEMIC AND PERSONAL SUPPORT SERVICES AND RESOURCES TO HELP STUDENTS SUCCEED. STUDENT SERVICES INCLUDE DEGREE PLANNING, CAREER DEVELOPMENT, COUNSELING, PERSONAL HEALTH AND WELLNESS, ATHLETICS, MINISTRY OPPORTUNITIES, AND MORE. NORTHWESTERN OFFERS 8 RESIDENCE HALLS; 4 TRADITIONAL STYLE RESIDENCE HALLS AND 4 APARTMENT STYLE COMPLEXES THAT ACCOMMODATE THE VARIED NEEDS OF OUR STUDENT POPULATION. DURING THE YEAR 2018-2019, ON-CAMPUS RESIDENTS TOTALED OVER 1,050 STUDENTS AND DELIVERED DINING SERVICES TO MORE THAN 1,760 STUDENTS VIA OUR CAMPUS DINING PARTNER. OTHER AUXILIARY SERVICES PROVIDED ON CAMPUS INCLUDE TICKETING/EVENTS, A CHILD DEVELOPMENT CENTER SERVING 43 FAMILIES WITH NORTHWESTERN STUDENT PARTICIPATION, AND A CAMPUS STORE. 15651432 298443 7838814 SEE SCHEDULE O.NORTHWESTERN MEDIA:NORTHWESTERN MEDIA FOCUS BEGAN IN 1949 WHEN TWIN CITIES' RADIO STATION KTIS WENT ON THE AIR THANKS TO $44,000 GENERATED BY STUDENTS. FORMER NORTHWESTERN PRESIDENT WILLIAM F. "BILLY" GRAHAM GAVE THE FIRST ON-AIR PRAYER. TODAY, NORTHWESTERN OWNS AND OPERATES 17 NONCOMMERCIAL LISTENER-SUPPORTED CHRISTIAN RADIO STATIONS AND 23 TRANSLATORS, COVERING 10 MARKETS IN MINNESOTA, NORTH AND SOUTH DAKOTA, IOWA, WISCONSIN, MISSOURI, AND CONNECTICUT WITH A CONSOLIDATED AUDIENCE OF MORE THAN ONE MILLION LISTENERS A WEEK. NORTHWESTERN MEDIA EXISTS TO LEAD PEOPLE TO CHRIST AND TO NURTURE BELIEVERS IN THEIR SPIRITUAL GROWTH THROUGH CHRIST-CENTERED MEDIA, INCLUDING MAJOR SPONSORSHIP OF CHRISTIAN CONCERTS IN OUR LISTENING AREA. NORTHWESTERN'S MEDIA MINISTRY REACHES BEYOND THE UNITED STATES THROUGH FINANCIAL AND THEOLOGICAL PARTNERSHIPS WITH CHRISTIAN RADIO STATIONS IN BELIZE, ECUADOR, KENYA, GUAM, INDONESIA, MONGOLIA , AND THAILAND. 72939329 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 242 0 1969 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AK CO DC MA MD MI MN NH OH OK OR SC WA X BRYON D KRUEGER 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DR ALAN CURETON PRESIDENT 45.00 2.00 X X 352191 0 40441 DAN STOLTZ CHAIR 2.00 2.00 X X 0 0 0 DR BILL HAMEL VICE CHAIR - PARTIAL YEAR 2.00 0.00 X X 0 0 0 DR SARA A ROBERTSON SECRETARY 2.00 0.00 X X 0 0 0 THOR BECKEN TRUSTEE 2.00 0.00 X 0 0 0 MARY EDWARDS TRUSTEE 2.00 0.00 X 0 0 0 STAN ERICKSON TRUSTEE 2.00 2.00 X 0 0 0 GINGER EWING TRUSTEE 2.00 2.00 X 0 0 0 THOMAS GAGE TRUSTEE 2.00 0.00 X 0 0 0 RONALD HALVERSON TRUSTEE - PARTIAL YEAR 2.00 2.00 X 0 0 0 DEBORAH HEDLUND TRUSTEE 2.00 0.00 X 0 0 0 DR GEORGE KENWORTHY TRUSTEE 2.00 0.00 X 0 0 0 ARNOLD LINDSTRAND TRUSTEE 2.00 0.00 X 13400 0 0 MICHAEL MELOCH TRUSTEE 2.00 0.00 X 0 0 0 GROVER SAYRE TRUSTEE 2.00 2.00 X 0 0 0 POLLY SCHOEN TRUSTEE - PARTIAL YEAR 2.00 0.00 X 0 0 0 STEWART VAN DUZER TRUSTEE 2.00 0.00 X 0 0 0 DAVID VENBERG TRUSTEE 2.00 0.00 X 0 0 0 BRYON D KRUEGER VP FOR FINANCE/CFO 45.00 2.00 X 147090 0 24506 DR JANET SOMMERS SR. VP FOR ACADEMIC AFFAIR 45.00 0.00 X 148610 0 25375 JASON SHARP SR. VP FOR MEDIA 45.00 0.00 X 148312 0 24952 DRDON JOHNSON PROFESSOR OF PSYCHOLOGY 45.00 0.00 X 132164 0 10989 RICHARD WHITWORTH ASSISTANT VP FOR MEDIA/HOM 45.00 0.00 X 149080 0 18912 ANN SORENSON PROFESSOR OF COMMUNICATION 45.00 0.00 X 128538 0 9682 1219385 0 154857 27 0 1 0 BON APPETIT MANAGEMENT COMPANY 1701 AMERICAN BLVD E 8 BLOOMINGTON MN 55425 FOOD SERVICE 3236181 PCL CONSTRUCTION SERVICES INC 12200 NICOLLET AVENUE SOUTH BURNSVILLE MN 55337 CONSTRUCTION SERVICES 1132925 VAN BUSKIRK CONSTRUCTION 2571 WESTLAKE DRIVE SIOUX FALLS SD 57106 CONSTRUCTION SERVICES 792644 BWBR ARCHITECTS INC 380 ST PETER STREET SUITE 600 SAINT PAUL MN 55102 ARCHITECT SERVICES 603679 TODD DEXTER & ASSOCIATES 17950 PRESTON ROAD SUITE 340 DALLAS TX 75252 DIRECT MAIL 509814 53 81066 789041 21673430 478768 22543537 TUITION 611600 57730616 57730616 MEDIA 722320 7838814 6368236 1470578 EVENT AND SERVICE FEES 611710 7273800 6479825 793975 STUDENT RESIDENT HOUSI 531110 6143934 6143934 FOOD SERVICE 611710 3348172 3348172 513570 513570 82848906 967759 967759 109305 23532 85773 85773 85773 3920510 3769887 150623 150623 150623 20264 81066 24330 -4066 -4066 MISCELLANEOUS INCOME 900099 104109 104109 104109 106696641 80584353 879748 2689003 411411 411411 20672789 20672789 521876 12125 509751 22134 22134 34955569 26202889 6895008 1857672 1396175 991372 314665 90138 5736846 3859113 1857035 20698 2497247 1844175 505537 147535 275334 144184 130771 379 72634 72634 1024 1024 823053 823053 61054 61054 6844594 4402263 2026025 416306 1304477 818934 235271 250272 2447100 1481016 759034 207050 1850285 447366 1312578 90341 3406497 1873337 1520900 12260 1629770 1391105 149442 89223 311462 239928 56274 15260 1149190 15208 1133835 147 5377424 5306840 70584 1124216 499579 619400 5237 FOOD & MEALS 4055772 3919523 47170 89079 SUPPLIES 1360048 958380 370307 31361 TUITION REIMBURSEMENTS 1091570 38026 972996 80548 REPAIRS & MAINTENANCE 985628 748673 220617 16338 3257345 1967933 1271372 18040 103642524 72939329 26371674 4331521 X 2543567 2456395 0 87172 1019967 3275648 20167406 14219811 784641 1421705 2674055 1501071 44000 2000 189958 235580 568686 699427 164136465 82925436 81681809 81211029 15207424 15611161 2741614 2274657 7739156 10859156 1606131 2953187 134424847 134264432 6792007 6156164 1607080 1438185 26950843 24334760 442427 380183 3508381 3899654 39300738 36208946 X 79862480 81299832 4685013 5854056 10576616 10901598 95124109 98055486 134424847 134264432 X 3054117 204791 -327531 X 0 1 X 1 1 1 X 20406344 20097311 19536445 20024411 22543537 102608048 20406344 20097311 19536445 20024411 22543537 102608048 2417163 100190885 564431 644659 620209 770046 967759 3567104 104109 104109 106279261 379214073 0.94270 0.94620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 1024 1024 0 PART II-B, LINE 1: THE UNIVERSITY PAID MEMBERSHIP DUES TO ORGANIZATIONS WHERE THE DUES COVERED A PORTION OF LOBBYING EXPENSES. 0 1192638 3900 0 X X X 0 17864543 617637 963761 723531 18722410 16977427 516050 1145350 774284 17864543 16121628 180052 1422669 746922 16977427 16496616 517480 91786 732378 251876 16121628 16067895 949029 226696 747004 16496616 0.18050 0.66270 0.15680 0 0 6566191 6566191 126669289 58718461 67950828 549646 549646 0 26639091 23657329 2981762 3712248 3712248 81211029 TRUST AND ANNUITY OBLIGATIONS 51764 REFUNDABLE US GOV'T STUDENT LOAN FUNDS 2359131 ASSET RETIREMENT OBLIGATION 857330 INTEREST RATE SWAP LIABILITY 398363 OTHER LIABILITIES 233066 3899654 X PART III, LINE 4: THE UNIVERSITY HOLDS AN ART COLLECTION, WHICH FURTHERS OUR EDUCATIONAL EXEMPT PURPOSE BY PROVIDING ART STUDENTS WITH VARIOUS EXAMPLES OF ARTWORK FOR SCHOLARLY RESEARCH. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE FOR STUDENTS. PART X, LINE 2: THE UNIVERSITY QUALIFIES AS A TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF MINNESOTA LAW. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE MOST SIGNIFICANT AREAS THAT SUBJECT THE UNIVERSITY TO UNRELATED BUSINESS INCOME TAX (UBIT) INCLUDE RADIO TOWER LEASES, CONFERENCES AND EVENTS, AND FACILITY RENTALS. 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 POLICY IS CONTAINED IN ALL REGISTRATION AND PROMOTIONAL MATERIALS. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY ADMINISTERS GOVERNMENT PROGRAMS SUCH AS WORK STUDY, PERKINS LOANS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND THE FEDERAL DIRECT LOAN PROGRAM THAT PROVIDE FINANCIAL ASSISTANCE TO ITS STUDENTS. EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD/SHORT TERM MISSIONS TRIP 564000 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES STUDY ABROAD 21000 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 23000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 111000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD/SHORT TERM MISSIONS TRIP 53000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 101000 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD 7000 0 0 0 0 0 0 880000 0 880000 0 0 0 0 0 0 PART I, LINE 3: THE UNIVERSITY USES THE ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES OUTSIDE OF THE UNITED STATES. X X X X X X 1 TODD DEXTER & ASSOCIATES LLC 17950 PRESTON RD 340 DALLAS TX 75252 DIRECT MAIL 0 2350525 823053 1527472 2350525 823053 1527472 AK AL AR CA CO CT CT DE DC FL GA HI ID IL IN IA KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY GOLF CLASSIC EVENT 101330 81066 20264 13211 4171 6948 101330 81066 20264 13211 4171 6948 24330 -4066 1 NORTHWESTERN FOUNDATION 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 411878924 501(C)(3) 45300 0 N/A N/A GENERAL OPERATING SUPPORT FAR EAST BROADCASTING COMPANY 15700 IMPERIAL HWY LA MIRADA CA 90638 951461574 501(C)(3) 100000 0 N/A N/A MISSION OUTREACH RADIO EXPANSION PROJECT CAMPUS CRUSADE FOR CHRISTATHLETES IN ACTION 100 LAKE HART DRIVE ORLANDO FL 32832 956006173 501(C)(3) 8850 0 N/A N/A EVENT SPONSORSHIP 3 0 SCHOLARSHIPS & TUITION ASSISTANCE 1784 20672789 N/A N/A PART I, LINE 2: THE UNIVERSITY MAKES CONTRIBUTIONS TO NORTHWESTERN FOUNDATION, A RELATED ORGANIZATION UNDER COMMON MANAGEMENT. FOR THE GRANTS TO UNRELATED ORGANIZATIONS, SENIOR MANAGEMENT GENERALLY MONITORS RECIPIENT SPENDING VIA COMMUNICATION WITH THE ORGANIZATIONS TO SEE HOW OPERATIONS ARE RUNNING. A SITE VISIT BY SENIOR MANAGEMENT MAY ALSO BE CONDUCTED TO CHECK THE STATUS OF THE ORGANIZATION AND/OR MONITOR THE PROGRESS OF THE INTENDED PROJECT. SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S UNIVERSITY ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE UNIVERSITY. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE UNIVERSITY'S POLICY. X X X X X 1 1 X X X X 1 1 0 0 0 0 0 1 0 DR ALAN CURETON PRESIDENT 264857 0 22165 0 65169 0 27700 0 12741 0 392632 0 0 0 BRYON D KRUEGER VP FOR FINANCE/CFO 133398 0 13000 0 692 0 8557 0 15949 0 171596 0 0 0 DR JANET SOMMERS SR. VP FOR ACADEMIC AFFAIR 147587 0 0 0 1023 0 9383 0 15992 0 173985 0 0 0 JASON SHARP SR. VP FOR MEDIA 147580 0 0 0 732 0 8981 0 15971 0 173264 0 0 0 RICHARD WHITWORTH ASSISTANT VP FOR MEDIA/HOM 117263 0 0 0 31817 0 7414 0 11498 0 167992 0 0 0 PART I, LINE 1A TAX GROSS-UP PAYMENTS: DR. CURETON - TAX GROSS UP PAYMENTS- INCLUDED IN TAXABLE COMPENSATION. FIRST CLASS OR CHARTER TRAVEL: DR. CURETON - FIRST CLASS OR CHARTER TRAVEL - NOT INCLUDIBLE IN TAXABLE COMPENSATION SINCE USED FOR BUSINESS PURPOSES. HOUSING ALLOWANCES: DR. CURETON - HOUSING ALLOWANCES - INCLUDED IN TAXABLE COMPENSATION. SOCIAL CLUB DUES: DR. CURETON - NOT INCLUDIBLE IN TAXABLE COMPENSATION SINCE USED FOR BUSINESS PURPOSES. PERSONAL SERVICES: DR. CURETON - FOR BUSINESS USE OF PERSONAL RESIDENCE - NOT INCLUDIBLE IN TAXABLE COMPENSATION. PART I, LINES 4A-B EMPLOYER CONTRIBUTION TO 457(F) PLAN: DR. CURETON - PAYMENT OF $11,500 TO 457(F) PLAN ON BEHALF OF DR. CURETON, NOT TAXABLE UNTIL VESTED. SEVERANCE PAYMENTS: RICHARD WHITWORTH - PAYMENT OF $23,998 PART I, LINE 7 BONUSES ARE GIVEN OUT AS A WAY TO RECOGNIZE AND REWARD EXCEPTIONAL EMPLOYEE ACCOMPLISHMENTS/PERFORMANCE AND ALSO AS AN EXPRESSION OF APPRECIATION FOR UNIQUE AND SPECIAL CIRCUMSTANCES. BONUS PAYMENTS REQUIRE APPROVAL FROM SENIOR LEADERSHIP (I.E. VP, SVP, PRESIDENT OR BOARD). A PUBLIC FINANCE AUTHORITY 273866124 2014-07-01 25320000 SEE PART IV 0 0 0 A 8383000 25320000 6200000 19120000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 BMO HARRIS BANK NA 9.000000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/15/2014 SCHEDULE K, PART I, COLUMN (F): DEBT CONSOLIDATION, ATHLETIC COMPLEX RENOVATION, STUDENT HOUSING ACQUISITION DRALAN CURETON PRES MORTGAGE X 350000 2000 0 1 1 2000 GAYLE CURETON SPOUSE OF PRESIDENT, DR. ALAN CURETON 22134 EMPLOYMENT COMPENSATION 0 X 1 3638 DONOR APPRAISAL X 12190 ESTIMATED VALUE X 41 425044 STOCK MARKET QUOTES X GRAIN 19 37336 ESTIMATED VALUE X TICKETS/GIFT CARDS 2 560 ESTIMATED VALUE 80 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 UNIVERSITY OF NORTHWESTERN - ST. PAUL HAS AN EXECUTIVE COMMITTEE, CONSISTING OF THE CHAIR, VICE-CHAIR AND SECRETARY OF THE BOARD OF TRUSTEES, THE PRESIDENT OF THE UNIVERSITY, AND THE CHAIR OF EACH OF THE STANDING COMMITTEES OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH ARE RESERVED FOR THE FULL BOARD OF TRUSTEES: PRESIDENTIAL SELECTION AND TERMINATION, TRUSTEE AND BOARD OFFICER SELECTION, CHARTER AND BYLAW AMENDMENT, CHANGING THE INSTITUTION'S MISSION, INCURRING CORPORATE INDEBTEDNESS BEYOND WHAT THE BOARD OF TRUSTEES HAS AUTHORIZED BY RESOLUTION, APPROVAL OF THE ANNUAL BUDGET, AND CONFERRAL OF DEGREES. FORM 990, PART VI, SECTION A, LINE 3 THE UNIVERSITY OF NORTHWESTERN - ST. PAUL DELEGATES ITS DUTIES OF ENROLLMENT MANAGEMENT AND FINANCIAL AID TO AN INDEPENDENT CONTRACTOR. THE CONTRACTOR PERFORMS CONSULTING SERVICES AS THE VP OF ENROLLMENT MANAGEMENT AND REPORTS DIRECTLY TO THE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WAS PROVIDED TO THE UNIVERSITY'S VP OF FINANCE & OPERATIONS / CFO AND CONTROLLER FOR A DETAIL REVIEW AFTER ALL CHANGES WERE MADE AND QUESTIONS ANSWERED. A FINAL COPY OF THE FORM 990 WAS THEN REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ITS BOARD OF TRUSTEES, OFFICERS AND MANAGEMENT EMPLOYEES. THE BOARD OF TRUSTEES SIGN A CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IT IS THE RESPONSIBILITY OF ALL INTERESTED PERSONS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AS SOON AS THEY BECOME AWARE OF THEM. DISCLOSURES ARE MADE TO THE PRESIDENT OF THE UNIVERSITY OR THE CHAIR OF THE BOARD OF TRUSTEES, AS APPROPRIATE, WHO BRING THE MATTER TO THE ATTENTION OF THE ENTIRE BOARD OF TRUSTEES. THE BOARD THEN DETERMINES IF A CONFLICT EXISTS, WHETHER IT IS MATERIAL, AND WHETHER IT IS JUST, FAIR AND REASONABLE TO UNIVERSITY OF NORTHWESTERN - ST. PAUL. THE INTERESTED PERSON LEAVES THE ROOM FOR DISCUSSIONS INVOLVING, AND MAY NOT VOTE ON, THE RELEVANT CONTRACT OR TRANSACTION. WHEN THERE IS A CONFLICT OF INTEREST DURING A BOARD MEETING DISCUSSION, IT IS DOCUMENTED IN THE BOARD MINUTES THAT THE PERSON(S) WITH THE CONFLICT LEFT THE ROOM FOR THE COURSE OF THE DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT OF UNIVERSITY OF NORTHWESTERN - ST. PAUL: NORTHWESTERN RECEIVES COMPARISON DATA FROM FOUR MAIN SOURCES: (1) COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES, (2) CUPA, (3) YAFFE & CO, AND (4) COMPARABLE FORM 990S. ALL FOUR OF THESE SOURCES TARGET HIGHER EDUCATION COMPENSATION. THE OFFICE OF HUMAN RESOURCES IS RESPONSIBLE FOR REVIEWING THE SURVEYS RELATED TO TOP MANAGEMENT AS WELL AS ALL EMPLOYEES AND ENSURE THAT WAGES ARE WITHIN AN APPROPRIATE RANGE. THE PRESIDENT'S SALARY WAS OFFICIALLY REVIEWED BY THE BOARD OF TRUSTEES. THE LAST REVIEW WAS COMPLETED IN 2019 FOR PRESIDENT, A. CURETON. OTHER OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES: UNIVERSITY OF NORTHWESTERN - ST. PAUL HAS A FORMAL SALARY PROGRAM WITH SALARY GRADES AND SALARY RANGES FOR POSITIONS. UNIVERSITY OF NORTHWESTERN - ST. PAUL ANNUALLY PARTICIPATES IN MULTIPLE SALARY SURVEYS AND ALSO REVIEWS LOCAL SALARY DATA TO DETERMINE SALARY GRADE RANGES. ANNUALLY, THE PROCESS IS REVIEWED BY HUMAN RESOURCES AND SALARY GRADE INCREASES ARE MADE TO THE MINIMUM, MIDPOINT AND MAXIMUM OF THE PAY RANGE. ANNUALLY, VICE PRESIDENT SALARIES ARE REVIEWED BY THE PRESIDENT. THE PRESIDENT HAS ACCESS TO SALARY SURVEY DATA AND FROM THERE A REQUEST FOR SALARY CHANGE IS MADE BY THE PRESIDENT AND PRESENTED TO HUMAN RESOURCES FOR REVIEW AND PROCESSING. THE LAST REVIEW INCLUDED COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION WAS IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY 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 XI, LINE 9: CHANGE IN VALUE OF ANNUITIES, TRUSTS 91,386. CHANGE IN VALUE OF INTEREST RATE SWAP -418,917. 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