2018-05-15T15:23:07-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-07-01 820200907 NORTHWEST NAZARENE UNIVERSITY INC NORT 2084678523 623 S UNIVERSITY BLVD NAMPA ID 83686 STEVEN EMERSON VP FOR FINANCE & OPERATIONS 2084678523 2018-05-14 1 KAREN GRIES P00078514 6123764500 2018-05-14 2016 2022-09-23 18:48:47Z JOEL PEARSALL 623 S UNIVERSITY BLVD NAMPA ID 83686 75008335 0 X WWW.NNU.EDU X 1913 ID THE TRANSFORMATION OF THE WHOLE PERSON. 40 35 1238 116 225465 -37667 10079422 7157304 45352260 46534302 -541353 3003492 780988 1057427 55671317 57752525 15550330 16794233 0 0 23533768 22461325 0 0 2043626 16814172 16505343 55898270 55760901 -226953 1991624 119955605 125126070 28259120 28134431 91696485 96991639 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 25063717 16794233 41668473 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, TWIN 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. 19173665 0 563919 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 RESOURCES (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 INCLUDE 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 ELEVEN 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. 3049899 0 4326909 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 600 STUDENTS WERE ENROLLED IN SOME TYPE OF MEAL PLAN ON CAMPUS.STUDENT HOUSING: SEVEN RESIDENCE HALLS PROVIDE A VARIETY OF RESIDENTIAL SETTINGS, FROM THE TRADITIONAL CULVER, DOOLEY, FORD, AND SUTHERLAND HALLS, WHICH TYPICALLY HOUSE UNDERCLASSMEN, TO THE CORLETT, OLSEN AND KIRKEIDE APARTMENT COMPLEXES, WHICH PROVIDE THE ADDED AMENITIES OF APARTMENT-STYLE LIVING ALONG WITH THE TRADITIONAL BENEFITS AND 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. 47287281 1 1 0 1 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 1 462 0 1238 1 1 1 0 0 0 0 1 1 0 0 0 0 X 40 35 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 OR UT WA X MACEY CROW CONTROLLER 2084678523 623 S UNIVERSITY BLVD NAMPA ID 83686 RANDY CRAKER CHAIRMAN 1.00 0.50 X X 0 0 0 JOEL PEARSALL PRESIDENT 50.00 0.00 X X 166909 0 51703 DAVID SLONAKER SECRETARY 1.00 0.50 X X 0 0 0 JEFF ALEXANDER TRUSTEE 1.00 0.00 X 0 0 0 JOEL ALSWORTH TRUSTEE 1.00 0.00 X 0 0 0 BRAD ARNESEN TRUSTEE 1.00 0.00 X 0 0 0 VIRGIL ASKREN TRUSTEE 1.00 0.00 X 0 0 0 RICK BARTON TRUSTEE 1.00 0.00 X 0 0 0 TOM BOURNE TRUSTEE 1.00 0.50 X 0 0 0 BILL BOWERS TRUSTEE 1.00 0.00 X 0 0 0 BILL BUCKHOLDT TRUSTEE 1.00 0.00 X 0 0 0 TIM BUNN TRUSTEE 1.00 0.00 X 0 0 0 RICH CANTWELL TRUSTEE 1.00 0.00 X 0 0 0 BILL CARR TRUSTEE 1.00 0.00 X 0 0 0 JEREMY CARR TRUSTEE 1.00 0.00 X 0 0 0 KEVIN COMPTON TRUSTEE 1.00 0.00 X 0 0 0 JEFF CROSNO TRUSTEE 1.00 0.00 X 0 0 0 JIM CURTY TRUSTEE 1.00 0.00 X 0 0 0 JEFF DOUD TRUSTEE 1.00 0.00 X 0 0 0 KARL GANSKE TRUSTEE 1.00 0.00 X 0 0 0 TELFER GRIFFITH TRUSTEE 1.00 0.00 X 0 0 0 PAUL HARTLEY TRUSTEE 1.00 0.00 X 0 0 0 TROY JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 JERRY KESTER TRUSTEE 1.00 0.00 X 0 0 0 JAN MCINTIRE TRUSTEE 1.00 0.00 X 0 0 0 DAVE MOWRY TRUSTEE 1.00 0.00 X 0 0 0 BEN NORRIS TRUSTEE 1.00 0.00 X 0 0 0 LIZ OTT TRUSTEE 1.00 0.00 X 0 0 0 DAVID RALPH TRUSTEE 1.00 0.00 X 0 0 0 NINA RATTLE TRUSTEE 1.00 0.00 X 0 0 0 STAN REEDER TRUSTEE 1.00 0.00 X 0 0 0 MINNIE RICHARDS TRUSTEE 1.00 0.00 X 0 0 0 LARRY ROUNSELY TRUSTEE 1.00 0.00 X 0 0 0 ALAN SCOTT TRUSTEE 1.00 0.00 X 0 0 0 J SCOTT SHAW TRUSTEE 1.00 0.00 X 0 0 0 SHAWN SIEGFREID TRUSTEE 1.00 0.00 X 0 0 0 JULIE SIEVERS TRUSTEE 1.00 0.50 X 0 0 0 JOY STREIGHT TRUSTEE 1.00 0.00 X 0 0 0 BRAD SWARTZENTRUBER TRUSTEE 1.00 0.00 X 0 0 0 CYNTHIA TOBIAS TRUSTEE 1.00 0.00 X 0 0 0 STEVE WALDEN TRUSTEE 1.00 0.50 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 MIKE ZAHARE TRUSTEE 1.00 0.00 X 0 0 0 DAVID TARRANT VP OF FINANCE & OPERATIONS 50.00 5.00 X 109476 0 60682 ED ROBINSON VP OF ACADEMIC AFFAIRS 50.00 0.00 X 76079 0 42405 MILES DANIEL LAWRENCE PROFESSOR 40.00 0.00 X 105034 0 25847 457498 0 180637 3 0 1 0 SODEXO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 BOARD/CATERING/FACILITIES 3861635 NORCON INDUSTRIES 5412 E CALLE CERRITOS GUADALUPE AZ 85283 ARCHITECTURAL SPECIALTY PRODUCT COMPANY 299624 YMC INC MECHANICAL CONTRACTOR 2975 E LANARK ST MERIDIAN ID 83642 HEATING/COOLING PRODUCTS 279986 FIDELITY INVESTMENTS PO BOX 77002 CINCINNATI OH 45277 RETIREMENT/BROKERAGE 269095 JENZABAR INC PO BOX 55018 BOSTON MA 02205 CAMPUS SOFTWARE 261205 14 1379799 5777505 905369 7157304 TUITION AND FEES 611600 41668473 41668473 AUXILIARY SERVICES 611710 4264240 4264240 ATHLETIC REVENUE 611710 293547 293547 STUDENT GOVT RECEIPTS 611710 270372 270372 OTHER STUDENT FEES 611710 37670 37670 46534302 1797077 -771 1797848 211509 139634 71875 71875 71875 18072267 14802 16880654 0 1191613 14802 1206415 1206415 188646 235522 -46876 -46876 OTHER SERVICES 900099 1003861 226236 777625 STUDENT LOAN INTEREST 900099 28567 28567 1032428 57752525 46559301 225465 3810455 16794233 16794233 507882 41426 404316 62140 15441682 13714602 990946 736134 564189 530735 1682 31772 4891935 2169215 2573658 149062 1055637 932276 75519 47842 84591 84591 77111 77111 19934 19934 3336847 2814158 263477 259212 479657 106351 15243 358063 1721802 1505863 53173 162766 972487 480538 451786 40163 3160626 2891293 241132 28201 1684159 1488718 169642 25799 210243 184566 13518 12159 440285 694 439591 2956386 2772293 162011 22082 245204 2111 243093 ENTERTAINMENT/RECEPTION 282782 179144 14128 89510 MEMBERSHIPS/SUBSCRIPTIO 223376 138316 70026 15034 EQUIPMENT RENTAL/REPAIR 70816 69157 1659 0 539037 451658 83692 3687 55760901 47287281 6429994 2043626 1920414 2966626 2286608 1505634 3615544 2810291 610336 857222 159104 143638 274149 295273 96301654 40660541 55011796 55641113 34357928 38165918 18468949 19596140 2872047 2764656 378730 379559 119955605 125126070 2490789 2415351 1094806 1091033 17150000 16275000 53793 31069 7469732 8321978 28259120 28134431 X 56748667 58131898 7939160 11293272 27008658 27566469 91696485 96991639 119955605 125126070 X 1991624 3095415 208115 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54035297 54035297 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 0 779094 0 0 X X 0 52116950 586377 6295421 1315125 210205 57473418 53817634 1388327 -1581990 1240785 0 266236 52116950 33298767 20541189 1342190 1123284 241228 53817634 28464766 1336546 4789647 1044196 247996 33298767 25905508 865253 2808014 873893 9037 231079 28464766 0.41550 0.46660 0.11790 0 0 2200843 3124575 5325418 749005 58905986 19873201 39781790 20677155 14917558 5759597 10644090 5869782 4774308 55641113 NOTES/BONDS 17701240 F REAL ESTATE 1894900 F 19596140 REFUNDABLE LOAN PROGRAMS 2854524 POST-RETIREMENT PAYABLE 1718752 CHARITABLE TRUST FUNDS PAYABLE 2251121 CAPITAL LEASE OBLIGATIONS 707931 ANNUITIES PAYABLE 789650 8321978 X 44870125 3095415 526137 3621552 41248573 16503952 16503952 57752525 39589773 375156 375156 39214617 16546284 16546284 55760901 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 235,522. RENTAL EXPENSES 139,634. CHANGE IN VALUE OF TRUSTS AND ANNUITIES 208,115. BAD DEBT ON STUDENT NOTES -57,134. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 16,489,150. GAIN ON DISPOSAL OF ASSETS 14,802. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 235,522. RENTAL EXPENSES 139,634. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 16,489,150. BAD DEBT ON STUDENT NOTES 57,134. 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 WHICH ARE LISTED IN THE ANNUAL A-133 SINGLE AUDIT REPORT. ADDITIONALLY, THE STATE OF IDAHO AND SOME OTHER STATES PROVIDE FINANCIAL AID FOR STUDENTS FROM THOSE STATES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS 5488 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS 8895 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS 25896 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS 1560 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD & MISSION TRIPS 17214 0 0 0 0 0 0 59053 0 59053 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL METHOD 1 SCHOLARSHIPS - GRADUATE 102 249881 0 N/A N/A SCHOLARSHIPS - UNDERGRADUATE 1151 16239269 0 N/A N/A FELLOWSHIPS - RESEARCH STUDENTS 250 305083 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. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOEL PEARSALL PRESIDENT 163167 0 2268 0 1474 0 22305 0 29398 0 218612 0 0 0 DAVID TARRANT VP OF FINANCE & OPERATIONS 108973 0 0 0 503 0 16737 0 43945 0 170158 0 0 0 PART I, LINE 1A TAX INDEMNIFICATION AND GROSS UP PAYMENTS: JOEL PEARSALL - BONUS AND INCENTIVE OF $2,268 INCLUDED IN TAXABLE COMPENSATION. A PUBLIC FINANCE AUTHORITY 273866124 2013-12-20 19080000 SEE PART VI 0 0 0 A 2773930 19080000 268786 195410 8231867 10383937 2015 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 (F) DESCRIPTION OF PURPOSE: REFINANCE 2005 AND 2008 BONDS; CAPITAL IMPROVEMENTS 77750 SCHOLARSHIPS MERIT/NEED JERRY HARRIS BROTHER-IN-LAW OF TRUSTEE JEREMY CARR 95018 COMPENSATION AND BENEFITS PAID UNDER AN EMPLOYMENT ARRANGEMENT WITH THE INDIVIDUAL 0 CORAL MATTEI SISTER OF TRUSTEE JOY STREIGHT 35669 COMPENSATION AND BENEFITS PAID UNDER AN EMPLOYMENT ARRANGEMENT WITH THE INDIVIDUAL 0 DUSTIN METCALF SON-IN-LAW OF TRUSTEE RANDY CRAKER 65896 COMPENSATION AND BENEFITS PAID UNDER AN EMPLOYMENT ARRANGEMENT WITH THE INDIVIDUAL 0 OLIVIA METCALF DAUGHTER OF TRUSTEE RANDY CRAKER 80931 COMPENSATION AND BENEFITS PAID UNDER AN EMPLOYMENT ARRANGEMENT WITH THE INDIVIDUAL 0 MAUREEN TARRANT SPOUSE OF DAVID TARRANT, VICE PRESIDENT OF FINANCE AND OPERATIONS 37440 COMPENSATION AND BENEFITS PAID UNDER AN EMPLOYMENT ARRANGEMENT WITH THE INDIVIDUAL 0 X 2 2100 APPRAISED VALUE X 344 FAIR MARKET VALUE X 6 390632 AVERAGE STOCK PRICE X 1 480000 APPRAISED VALUE X ACADEMIC/ATHLETIC EQUIPMENT 7 29179 FAIR MARKET VALUE X EQUIPMENT 5 3114 FAIR MARKET VALUE 1 0 1 1 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. 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 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 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 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. IN ADDITION, THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO FILL ANY VACANCY OCCURRING AMONTH THE AT-LARGE TRUSTEES. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THEIR ARTICLES OF INCORPORATION IN MARCH OF 2017. THE FOLLOWING CHANGES WERE ADOPTED: THE INCLUSION OF FIVE (5) AT-LARGE MEMBERS TO BE ELECTED TO THE BOARD OF TRUSTEES AND UPDATES TO THE LANGUAGE OF THE COMPOSITION OF THE BOARD TO REFERENCE BOTH DISTRICT-ELECTED AND AT-LARGE MEMBERS. IN ADDITION, ANY FACANCY OCCURRING AMONG DISTRICT-ELECTED BOARD OF TRUSTEES IS TO BE FILLED BY THE DISTRICT ADVISORY BOARD OF THE DISTRICT. ANY VACANCY OCCURRING AMONG THE AT-LARGE BOARD OF TRUSTEES IS TO BE FILLED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THE DISTRICT ASSEMBLIES ON THE NORTHWEST USA REGION OF THE CHURCH OF THE 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 PROVIDED TO THE INDIVIDUALS ON THE AUDIT AND COMPLIANCE COMMITTEE FOR THEIR REVIEW. IF THE TIMING IS SUCH THAT IT CAN BE READILY REVIEWED AT A REGULARLY-SCHEDULED BOARD MEETING, THE AUDIT AND COMPLIANCE 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 TRUSTEES ARE PROVIDED WITH THE PUBLIC INSPECTION VERSION 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 AND COMPLIANCE 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 MARCH, 2017, 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 GOVERANCE AND IS DETERMINED WITHIN THE ESTABLISHED BUDGETARY PROCESS OF THE UNIVERSITY. THIS PROCESS WAS LAST UNDERTAKEN IN MARCH, 2017, FOR DAVID S. TARRANT, VP FOR FINANCE (CFO). 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 OBTAINED 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 208,115. 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 (23) 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