2019-05-15T16:30:43-05:00 2018-06-30 BKD LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2017-07-01 366086819 Northern Illinois University Foundation % NIU FOUNDATION CONTROLLER NORT 8157530282 Altgeld Hall 134 Dekalb IL 60115 CATHERINE B SQUIRES PRESIDENT AND CEO 8157530282 2019-05-15 true Scott C Termine P00137961 6302829500 2019-05-15 167.68.126.162 15750420191355000038 2019-05-15 P F560D4A486E1B6265A73BA7576EDA83A4C287CC2 74585A0D43C5A942BD076330935975E2792592B2 2017 2019-02-21 02:37:17Z CATHERINE B SQUIRES ALTGELD HALL 134 DEKALB IL 60115 25135266 false X WWW.NIUFOUNDATION.ORG X 1949 IL TO SECURE AND MANAGE PRIVATE SUPPORT TO BENEFIT NORTHERN ILLINOIS UNIVERSITY. 23 22 0 23 362955 9548583 9447700 935223 902421 7527876 4973726 279660 430107 18291342 15753954 9107352 8813941 0 0 0 0 0 0 1055541 2335130 2606422 11442482 11420363 6848860 4333591 133004795 139264087 10106285 12686083 122898510 126578004 THE NIU FOUNDATION'S MISSION IS TO ENERGIZE AND CONNECT THE PRIVATE SECTOR WITH THE NIU COMMUNITY TO SECURE AND STEWARD RESOURCES THAT SUPPORT THE FUTURE AND GROWTH OF NIU. false false 3455083 3455083 SCHOLARSHIPS: THE NIU FOUNDATION'S ULTIMATE GOAL IS --- AND ALWAYS HAS BEEN --- TO HELP OUR STUDENTS. NIU DONORS MAKE IT POSSIBLE TO AWARD SCHOLARSHIPS AND SCHOLASTIC AWARDS AT A TIME WHEN OUR STUDENTS NEED OUR HELP MORE THAN EVER. RISING TUITION, DWINDLING STATE SUPPORT, LIMITED JOB OPPORTUNITIES, AND SCARCITY OF LOANS MAKE IT ONE OF THE HARDEST TIMES IN HISTORY TO GET THROUGH SCHOOL. THESE SCHOLARSHIPS NOT ONLY SUPPORT NIU'S TRADITION OF PROVIDING ACCESSIBLE EDUCATIONAL OPPORTUNITIES, THEY ALSO HELP THE UNIVERSITY MAINTAIN ITS COMMITMENT TO ACADEMIC EXCELLENCE BY ATTRACTING MORE HIGHLY QUALIFIED STUDENTS. 6001015 5358858 1223282 PUBLIC SERVICE, RESEARCH, ACADEMIC AND INSTITUTIONAL SUPPORT. CAMPUS LIFE INCLUDES A WIDE ARRAY OF OPPORTUNITIES AND EXPERIENCES. EXAMPLES OF INITIATIVES DONOR GIFTS HELP TO SUPPORT INCLUDE AN AWARD WINNING PUBLIC RADIO STATION, ATHLETICS PROGRAMS, OUR LIBRARIES, A COMMUNITY NURSING CENTER, RESEARCH, AND CAMPUS MASTER PLAN. 9456098 true true false false false false false true false true true true false false true false true false false false true false false false true false false true true true true false false false false false false false true false true true true false false false true false false false true 148 0 0 true true false false false false true true false false false false X 23 22 false false true false false false false true true false false true true true true true true false false false IL NY X NIU FOUNDATION CONTROLLER 8157530282 ALTGELD HALL 134 DEKALB IL 60115 JEFFREY M YORDON BOARD CHAIR 2.0 0.0 X 0 0 0 MICHAEL A CULLEN VICE-CHAIR 2.0 0.0 X 0 0 0 CHRIS COLE TREASURER 2.0 0.0 X X 0 0 0 WILLIAM E TAYLOR ASSISTANT TREASURER 1.0 0.0 X X 0 0 0 JOHN F TIERNEY DIRECTOR 1.0 0.0 X 0 0 0 CHRISTINE SPEISER DIRECTOR 1.0 0.0 X 0 0 0 CYNTHIA CROCKER DIRECTOR 1.0 0.0 X 0 0 0 JAYMIE F SIMMON DIRECTOR 1.0 0.0 X 0 0 0 STACEY BARSEMA DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM A BOSTON DIRECTOR 1.0 0.0 X 0 0 0 BRENT BRODESKI DIRECTOR 1.0 0.0 X 0 0 0 KENNETH C CHESSICK DIRECTOR 1.0 0.0 X 0 0 0 CAROL Y CRENSHAW DIRECTOR 1.0 0.0 X 0 0 0 JOHN THOMAS FUTRELL DIRECTOR 1.0 0.0 X 0 0 0 MONTEL M GAYLES DIRECTOR 1.0 0.0 X 0 0 0 ANTHONY L KAMBICH DIRECTOR 1.0 0.0 X 0 0 0 JAMES B PICK DIRECTOR 1.0 0.0 X 0 0 0 MANNY SANCHEZ DIRECTOR 1.0 0.0 X 0 0 0 JANET VIANE DIRECTOR 1.0 0.0 X 0 0 0 IAN PEARSON DIRECTOR 1.0 0.0 X 0 0 0 JOHN BURNS DIRECTOR 1.0 0.0 X 0 0 0 DAVID HEIDE DIRECTOR 1.0 0.0 X 0 0 0 JOHN LANDGRAF DIRECTOR 1.0 0.0 X 0 0 0 MELISSA NIGRO SECRETARY 40.0 0.0 X 0 72343 7465 CATHERINE B SQUIRES PRESIDENT & CEO 40.0 0.0 X 0 281068 36477 JEAN GODLEWSKI CONTROLLER 40.0 0.0 X 0 126248 31564 ALBERTA SOLFISBURG DEVELOPMENT DIRECTOR 40.0 0.0 X 0 169306 41616 0 648965 117122 0 false true false NORTHERN ILLINOIS UNIVERSITY 1515 LINCOLN HIGHWAY DEKALB IL 60115 VARIOUS 630052 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 212790540 PROGRAM AND AFF. FEE 179985 FUND EVALUATION GROUP LLC PO BOX 639176 CINCINNATI OH 45263 INVESTMENT ADVISORY 115394 COACHCOMM LLC 205 TECHNOLOGY PARKWAY AUBURN AL 36830 VARIOUS 134822 4 222069 9225631 976918 9447700 UNIVERSITY CONTRACT FEES 900099 630052 630052 QUID PRO QUO ON GIFTS 900099 217369 217369 ASSOCIATION CONTRACT FEES 900099 55000 55000 902421 2183023 362955 1820068 0 0 320861 320861 0 320861 320861 11921659 9130956 2790703 2790703 2790703 126254 222069 250356 -124102 -124102 0 0 0 0 0 0 OTHER INCOME 900099 233348 233348 233348 15753954 1223282 362955 4720017 X 5358858 5358858 3455083 3455083 0 0 0 0 0 0 0 0 0 29710 29710 56551 56551 0 0 166171 166171 852437 412175 440262 18141 12785 5356 13101 5276 7825 0 0 0 79344 1114 78230 0 14522 6853 7669 22085 22085 0 620072 620072 45407 45407 FOUNDATION SUPPORT 448696 52769 395927 EQUIPMENT RENTAL & MAINTENANCE 148437 80616 67821 OTHER 91748 39297 52451 11420363 9456098 908724 1055541 X 6013724 4085648 0 0 2609630 2300443 0 0 0 0 0 0 0 0 0 0 82507 206262 28551699 4778690 24393081 23773009 70946205 80160506 28939905 28718500 0 0 0 0 19743 19719 133004795 139264087 362946 405989 0 0 0 0 1697083 1098423 0 0 0 0 0 0 0 0 8046256 11181671 10106285 12686083 X 32226466 31964015 24987588 42244279 65684456 52369710 122898510 126578004 133004795 139264087 4333591 1483113 -2137210 X X false true X true false X 9244596 10699784 11485379 9548583 9860686 50839028 0 0 9244596 10699784 11485379 9548583 9860686 50839028 596949 50242079 1980362 2541278 2489809 1921071 2503884 11436404 0 0 62275432 5231151 0.80677 0.80395 X 0.00000 X X ARTWORK TURNED OVER TO NIU false 74833159 2207847 5633271 7186563 1089735 74397979 66928836 2333600 9219723 2609287 1039713 74833159 71149470 2272220 -3091012 2405822 996020 66928836 70269172 3040484 1016485 2145662 1031010 71149469 58350594 252790 11897255 1581729 922737 67996173 0.02200 0.94500 0.03300 false false 3861333 3861333 24597825 4709683 19888141 92541 69007 23535 23773009 LIMITED PARTNERSHIPS 28718500 F 28718500 0 DUE TO NIU 678308 NIU ENDOWMENTS 3161402 NIU DEPOSITS 3162603 OTHER LIABILITIES 4179358 11181671 17487423 1483113 250356 1733469 15753954 15753954 11670719 250356 250356 11420363 11420363 SCHEDULE D, PART III, LINE 4 COLLECTIONS INCLUDE A ONE ROOM SCHOOL MUSEUM AND ARTWORK TO PROVIDE CULTURE AT THE UNIVERSITY. SCHEDULE D, PART V, LINE 4 THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT NORTHERN ILLINOIS UNIVERSITY AND ITS MISSION TO ADVANCE EXCELLENCE AND TRANSFORM LIVES. SCHEDULE D, PART XI, LINE 4B DIRECT FUNDRAISING EXPENSES: $(250,356) Schedule D, Part XII, Line 4b DIRECT FUNDRAISING EXPENSES: $250,356 Schedule D, Part X, Line 2 Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. false Central America and the Caribbean Investments n/a 12883108 12883108 12883108 true false false true true false RED & BLACK 167553 132128 35425 16235 73966 63470 21295 VICTOR E BALL 141540 60096 81444 2475 20934 11850 22662 3 39230 29845 9385 3132 11377 2860 100 348323 222069 126254 21842 106277 78180 44057 250356 -124102 true NORTHERN ILLINOIS UNIVERSITY 1515 W LINCOLN HIGHWAY DEKALB IL 60115 366008480 PUBLIC UNIV. 5358858 828110 FMV EQUIPMENT UNIVERSITY EXPENSES 1 SCHOLARSHIPS, FELLOWSHIPS, & AWARDS 1655 3455083 FMV SCHEDULE I, PART I, LINE 2 RECORDS ARE MAINTAINED THROUGH ACCOUNTING SYSTEM SHARED WITH THE RECIPIENT, NORTHERN ILLINOIS UNIVERSITY. false false false false false false false false false ALBERTA SOLFISBURG DEVELOPMENT DIRECTOR 0 169306 0 0 0 0 0 21287 0 20329 0 210922 0 CATHERINE B SQUIRES PRESIDENT & CEO 0 281068 0 0 0 0 0 20520 0 15957 0 317545 0 JEAN GODLEWSKI CONTROLLER 126248 0 0 15607 15957 157812 0 SCHEDULE J, PART I, LINE 3 THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY NORTHERN ILLINOIS UNIVERSITY AND THE NIU FOUNDATION PAYS THE UNIVERSITY A CONTRACT FEE FOR A PORTION OF THE SALARIES AND SERVICES PERFORMED BY THE EMPLOYEES. THE NIU FOUNDATION'S PRESIDENT IS RESPONSIBLE FOR NEGOTIATION AND APPROVAL OF SERVICE CONTRACT AMOUNTS WITH NORTHERN ILLINOIS UNIVERSITY AND THE NIU FOUNDATION. THE CONTRACTS ARE TYPICALLY RENEWED EACH YEAR AT THE PRIOR YEAR AMOUNT PLUS THE UNIVERSITY SALARY INCREMENT LEVEL FOR PERSONAL SERVICES. NIU MAINTAINS A REGULAR COMPENSATION PROCESS FOR THE PRESIDENT AND KEY EMPLOYEES WHICH INCLUDES THE USE OF COMPARABLE DATA. NIU FOUNDATION HAS A COMPENSATION COMMITTEE THAT REVIEWS COMPENSATION FOR THE PRESIDENT/CEO AND KEY EMPLOYEES WHICH INCLUDES THE USE OF COMPARABLE DATA. A ILLINOIS FINANCE AUTHORITY 861091967 000000000 2013-02-01 6100000 SEE PART VI false false false A 5001577 0 6100000 0 0 0 122000 0 0 5978000 0 0 2013 false false true true A false false false false 0 false false 0.00000 false true A false false false false false false 0 false 0 false false A true SCHEDULE K, PART I, COLUMN(F) CONSTRUCTION OF THE KENNETH AND ELLEN CHESSICK PRACTICE CENTER AT NORTHERN ILLINOIS UNIVERSITY. THE NATIONAL BANKTRUST OF SYCAMORE SEE PART V 1098423 BONDS PAYABLE OUTSTANDING false SCHEDULE L, PART IV, COLUMN B: MICHAEL CULLEN - BANK PRESIDENT, FOUNDATION BOARD MEMBER X 3 153105 FMV X 11417 FMV X 41 656433 FMV X MISCELLANEOUS 60 71116 FMV X EQUIPMENT 15 84847 FMV 2 false true true SCHEDULE M, PART I, LINE 32B THERE IS A THIRD PARTY PROVIDER - WHO ASSISTS WITH RECEIPT OF USED VEHICLES, PROPER VALUATION AND DISPOSITION. FORM 990, PART V, LINE 2A NIU FOUNDATION DOES NOT HAVE EMPLOYEES. EMPLOYEES ARE PROVIDED THROUGH A SERVICES AGREEMENT WITH NORTHERN ILLINOIS UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 4 NORTHERN ILLINOIS UNIVERSITY FOUNDATION UPDATED ITS BYLAWS IN MAY OF 2018. CHANGES TO THE BYLAWS INCLUDED HAVING BOARD MEETINGS THAT ARE NOT PUBLIC, CHANGING TERMS OF BOARD MEMBERS TO STAGGERED APPOINTMENTS, AND UPDATING THE MINIMUM NUMBER OF BOARD MEMBERS FROM 28 TO 18. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS ADOPTED THE PRACTICE THAT THE AUDIT COMMITTEE, THE PRESIDENT/CEO AND CONTROLLER REVIEW THE FORM 990 BEFORE IT IS FILED. THE BOARD MEMBERS ARE THEN PROVIDED A COPY OF THE FORM 990 BEFORE IT IS FILED. IT IS REVIEWED AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT AND THE AUDIT COMMITTEE ANNUALLY REVIEWS ALL EXISTING AND NEW RELATIONSHIPS TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST THAT NEED TO BE DISCLOSED. ALL EMPLOYEES, DIRECTORS, AND BOARD MEMBERS ARE GIVEN A COPY THE CONFLICT OF INTEREST POLICY. THEY ARE ALSO REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. THE AUDIT COMMITTEE REVIEWS THE CONFLICT OF INTEREST REPORTS ANNUALLY. POTENTIAL CONFLICTS ARE SHARED WITH RELEVANT COMMITTEE CHAIRS AND MEMBERS RECUSE THEMSELVES FROM DISCUSSIONS AND VOTES ON RELATED MATTERS. FORM 990, PART VI, SECTION B, LINE 15A THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY NORTHERN ILLINOIS UNIVERSITY AND THE NIU FOUNDATION PAYS THE UNIVERSITY A CONTRACT FEE FOR A PORTION OF THE SALARIES AND SERVICES PERFORMED BY THE EMPLOYEES. THE NIU FOUNDATION'S PRESIDENT IS RESPONSIBLE FOR NEGOTIATION AND APPROVAL OF SERVICE CONTRACT AMOUNTS WITH NORTHERN ILLINOIS UNIVERSITY AND THE NIU FOUNDATION. THE CONTRACTS ARE TYPICALLY RENEWED EACH YEAR AT THE PRIOR YEAR AMOUNT PLUS THE UNIVERSITY SALARY INCREMENT LEVEL FOR PERSONAL SERVICES. NIU MAINTAINS A REGULAR COMPENSATION PROCESS FOR THE PRESIDENT WHICH INCLUDES THE USE OF COMPARABLE DATA. NIU FOUNDATION HAS A COMPENSATION COMMITTEE THAT REVIEWS COMPENSATION FOR THE PRESIDENT/CEO WHICH INCLUDES THE USE OF COMPARABLE DATA. FORM 990, PART VI, SECTION B, LINE 15B THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY NORTHERN ILLINOIS UNIVERSITY AND THE NIU FOUNDATION PAYS THE UNIVERSITY A CONTRACT FEE FOR A PORTION OF THE SALARIES AND SERVICES PERFORMED BY THE EMPLOYEES. THE NIU FOUNDATION'S PRESIDENT IS RESPONSIBLE FOR NEGOTIATION AND APPROVAL OF SERVICE CONTRACT AMOUNTS WITH NORTHERN ILLINOIS UNIVERSITY AND THE NIU FOUNDATION. THE CONTRACTS ARE TYPICALLY RENEWED EACH YEAR AT THE PRIOR YEAR AMOUNT PLUS THE UNIVERSITY SALARY INCREMENT LEVEL FOR PERSONAL SERVICES. NIU MAINTAINS A REGULAR COMPENSATION PROCESS FOR KEY EMPLOYEES WHICH INCLUDES THE USE OF COMPARABLE DATA. NIU FOUNDATION HAS A COMPENSATION COMMITTEE THAT REVIEWS COMPENSATION FOR KEY EMPLOYEES WHICH INCLUDES THE USE OF COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, LINE 8 IN PRIOR YEARS, THE FOUNDATION REPORTED ITS FINANCIAL STATEMENTS UNDER THE STANDARDS FOR GOVERNMENTAL ENTITIES PROMULGATED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD. DURING 2018, THE FOUNDATION DETERMINED THAT IT DID NOT MEET THE CRITERIA TO REPORT AS A GOVERNMENTAL ENTITY AND INSTEAD SHOULD HAVE BEEN REPORTING ON THE BASIS OF THE FINANCIAL ACCOUNTING STANDARDS BOARDS (FASB) FINANCIAL ACCOUNTING STANDARDS. AS A RESULT, THE JULY 1, 2017 NET ASSETS WERE CONVERTED TO THE FASB FINANCIAL ACCOUNTING STANDARDS FROM THE GOVERNMENT ACCOUNTING STANDARDS. DURING THIS PROCESS, THE FOUNDATION ALSO IDENTIFIED CERTAIN FUNDING THAT WAS IMPROPERLY RECORDED AND SHOULD BE CLASSIFIED AS DONOR FUNDS BEING MANAGED ON BEHALF OF NORTHERN ILLINOIS UNIVERSITY. This was corrected in FY18. NORTHERN ILLINOIS UNIVERSITY 1515 W LINCOLN HIGHWAY DEKALB IL 60115 366008480 PUBLIC UNI. IL false NORTHERN ILLINOIS UNIVERSITY ALUMNI ASSN ALTGELD HALL ROOM 134 DEKALB IL 60115 237013258 SEE PART VII IL 501(C)(3) 7 false false true false false false false false false false true false true false true true false false true false SCHEDULE R, PART II, COLUMN B EDUCATIONAL, RELATIONSHIP BUILDING, AND CHARITABLE ASSOCIATION