2017-02-10T10:20:37-06:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-07-01 410711610 UNIVERSITY OF NORTHWESTERN - ST PAUL UNIV 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DOUGLAS R SCHROEDER VP OF BUSINESS/CFO 6516315100 2017-02-07 1 KAREN GRIES P00078514 6123764500 2015 2021-01-29 14:40:06Z DR ALAN CURETON 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 98389526 0 X WWW.UNWSP.EDU X 1902 MN TO ENCOURAGE SPIRITUAL & INTELLECTUAL GROWTH IN A NONDENOMINATIONAL CHRISTIAN UNIVERSITY. 18 17 1984 908 1271317 0 20406344 20097311 72968825 74788255 938756 734526 275266 239276 94589191 95859368 17559246 18646902 0 0 38046386 37194659 965117 902284 3744766 33032171 33033533 89602920 89777378 4986271 6081990 120320301 123681607 37593948 36243794 82726353 87437813 X 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 50190127 18515932 69389341 UNIVERSITY OF NORTHWESTERN: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 1,700 STUDENTS. THE COLLEGE OF ADULT & GRADUATE STUDIES, WHICH SERVES AN ADDITIONAL 500 STUDENTS, INCLUDES THE FOCUS ADULT UNDERGRADUATE PROGRAM AND GRADUATE STUDIES. UNDERGRADUATE PATHWAYS, INCLUDING PSEO/EARLY COLLEGE, COLLEGE IN THE SCHOOLS, AND ONLINE LEARNING TOGETHER SERVE APPROXIMATELY 1,300, BRINGING TOTAL ENROLLMENT TO OVER 3,500 STUDENTS ACROSS ALL VENUES. NORTHWESTERN'S 107-ACRE LAKESIDE 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 CHRISTIAN WORLDVIEW. IN ADDITION TO A PRIMARY MAJOR, THE STUDY OF THE BIBLE IS A CORE CURRICULUM REQUIREMENT FOR ALL STUDENTS, WHICH QUALIFIES AS AN OPTIONAL SECOND MAJOR. DAILY CHAPEL IS AN INTEGRAL PART OF THE TRADITIONAL PROGRAM WHERE STUDENTS HEAR WORLD-RENOWNED SPEAKERS AND PARTICIPATE IN PRAISE AND WORSHIP. NORTHWESTERN'S MORE THAN 25,000-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 UNIVERSITIES. 13423519 130970 5398914 NORTHWESTERN MEDIA:NORTHWESTERN'S 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 16 NONCOMMERCIAL LISTENER-SUPPORTED CHRISTIAN RADIO STATIONS AND 17 TRANSLATORS, COVERING EIGHT MARKETS IN MINNESOTA, NORTH AND SOUTH DAKOTA, IOWA, WISCONSIN, MISSOURI, AND CONNECTICUT WITH A CONSOLIDATED AUDIENCE OF MORE THAN ONE MILLION LISTENERS A WEEK. UNIVERSITY OF NORTHWESTERN ST. PAUL MEDIA EXISTS TO LEAD PEOPLE TO CHRIST AND TO NURTURE BELIEVERS IN THEIR SPIRITUAL GROWTH THROUGH CHRIST-CENTERED MEDIA. NORTHWESTERN'S MEDIA MINISTRY REACHES BEYOND THE UNITED STATES THROUGH FINANCIAL AND TECHNOLOGICAL PARTNERSHIPS WITH CHRISTIAN RADIO STATIONS IN BELIZE, ECUADOR, KENYA, GUAM, INDONESIA, MONGOLIA, AND THAILAND. 63613646 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 1 226 0 1984 1 1 1 0 0 0 0 1 1 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AK AL AR CA CO CT GA HI ID KS KY LA MA MD ME MI MN MO MS MT NC NE NH NY OH OK OR RI SC SD TN TX UT VA WA WI WV FL NM PA X DOUGLAS R SCHROEDER 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DR ALAN CURETON PRESIDENT 45.00 2.00 X X 332370 0 39100 GROVER SAYRE III CHAIR 2.00 2.00 X X 0 0 0 ARNOLD LINDSTRAND VICE CHAIR 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 ALICIA BELTON TRUSTEE 2.00 0.00 X 0 0 0 WALLACE BERG TRUSTEE EMERITUS 2.00 0.00 X 0 0 0 DR MEGAN DOYLE TRUSTEE 2.00 0.00 X 0 0 0 MARY EDWARDS TRUSTEE 2.00 0.00 X 0 0 0 DR DONALD ERICKSEN TRUSTEE EMERITUS 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 RONALD HALVERSON TRUSTEE 2.00 2.00 X 0 0 0 DR BILL HAMEL TRUSTEE 2.00 0.00 X 0 0 0 DR GEORGE KENWORTHY TRUSTEE 2.00 0.00 X 0 0 0 CAROLE LEHN TRUSTEE 2.00 0.00 X 0 0 0 LAUREN LIBBY TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL MELOCH TRUSTEE 2.00 0.00 X 0 0 0 RUSS REYNOLDS TRUSTEE 2.00 0.00 X 0 0 0 GARY SHAFFER TRUSTEE EMERITUS 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 DOUGLAS R SCHROEDER VP OF BUSINESS/CFO/TREASURER 45.00 2.00 X 150239 0 21382 DR PAUL VIRTS SR. VP OF MEDIA 45.00 0.00 X 158264 0 20949 DR JANET SOMMERS SR. VP FOR ACADEMIC AFFAIRS 45.00 0.00 X 143391 0 24638 RICHARD WHITWORTH ASSISTANT VP FOR MEDIA/HOME OFFICE 45.00 0.00 X 123695 0 23317 DR MICHAEL WISE PROFESSOR OF BIBLICAL & THEOLOGICAL STUDIES 45.00 0.00 X 119111 0 4939 SCOTT JONES ASSISTANT VP BUS & TECH/MEDIA 45.00 0.00 X 112381 0 22645 1139451 0 156970 18 0 1 0 ELLUCIAN COMPANY LP 4375 FAIR LAKES CT FAIRFAX VA 22033 TECHNOLOGY MANAGEMENT SERVICES 2988319 BON APPETIT MANAGEMENT COMPANY 1701 AMERICAN BLVD E 8 BLOOMINGTON MN 55425 FOOD SERVICE 2984556 REACH COMMUNICATIONS 8900 109TH AVE N 900 CHAMPLIN MN 55316 SOUND AND LIGHTING SERVICES 364832 COUNCIL FOR CHRISTIAN COLLEGES & UNIVERS 321 8TH ST NE WASHINGTON DC 20002 OFF-CAMPUS STUDENT PROGRAMS 360340 TODD DEXTER & ASSOCIATES LLC 17950 PRESSTON RD 340 DALLAS TX 75252 FUNDRAISING 351521 37 61690 136920 19898701 894027 20097311 TUITION AND FEES 611600 54682442 54682442 STUDENT RESIDENT HOUS. 531110 5904780 5904780 RADIO AND AUXILIARY 722320 5398914 4375925 1022989 SERVICE FEES 611710 5005008 5005008 FOOD SERVICE 611710 3125115 3125115 671996 671996 74788255 644659 644659 296729 48401 248328 248328 248328 2540472 2450605 89867 89867 89867 22100 61690 31152 -9052 -9052 95859368 59058367 1271317 15432373 223070 223070 18423832 18423832 479653 479653 22134 22134 29981097 23147843 5409177 1424077 1166482 863283 237733 65466 3408879 2449079 930852 28948 2136414 1655620 386124 94670 119164 104997 13505 662 73169 73169 902284 902284 122877 122877 5154094 3706427 1164431 283236 946494 561857 271009 113628 2457947 1489187 789748 179012 4266162 726497 3276858 262807 2963948 1522787 1410984 30177 1233842 1042474 127491 63877 144220 100207 36389 7624 942252 58270 883982 4664434 4601147 63287 856796 515615 337064 4117 FOOD & MEALS 3665482 3545593 57719 62170 TUITION REIMBURSEMENTS 1231151 79699 1062057 89395 SUPPLIES 1018358 620180 368245 29933 REPAIRS & MAINTENANCE 1005506 741352 244898 19256 2167637 2035777 111720 20140 89777378 63613646 22418966 3744766 X 2872388 2686472 0 185916 10417530 8434423 8341316 17355436 2933616 1322358 2673352 2557403 170000 128000 337477 241004 452518 477138 139427413 69562463 71077054 69864950 12768195 11724772 2674145 2623872 7298119 7524664 1176979 1427587 120320301 123681607 6294458 6261038 1512040 1355774 24340000 23280000 1665911 560517 3781539 4786465 37593948 36243794 X 65304573 71105786 7613604 6106606 9808176 10225421 82726353 87437813 120320301 123681607 X 6081990 -359651 -1010879 X 0 1 X 1 1 1 X 15644165 17399025 24177247 20406344 20097311 97724092 15644165 17399025 24177247 20406344 20097311 97724092 3241824 94482268 549202 743549 432889 564431 644659 2934730 100658822 349703524 0.93860 0.94700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 795 795 0 PART II-B, LINE 1: THE UNIVERSITY PAID MEMBERSHIP DUES TO ORGANIZATIONS WHERE THE DUES COVERED A PORTION OF LOBBYING EXPENSES. THE UNIVERSITY DID NOT CONDUCT ANY OF ITS OWN DIRECT OR GRASSROOTS LOBBYING. 235131 1026788 X X X 0 16496616 517480 91786 732378 251876 16121628 16067895 949029 226696 747004 16496616 14830139 214201 1652748 629193 16067895 14071312 564509 803401 609083 14830139 14464730 362678 47256 803352 14071312 0.17250 0.72900 0.09850 0 1 1 4807291 4807291 105873863 46361663 59512200 549646 549646 0 25291068 22651154 2639914 2905545 2905545 69864950 TRUST AND ANNUITY OBLIGATIONS 175723 REFUNDABLE US GOV'T STUDENT LOAN FUNDS 2300252 ASSET RETIREMENT OBLIGATION 801266 INTEREST RATE SWAP LIABILITY 1509224 4786465 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 INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS. 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 (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD/SHORT TERM MISSIONS TRIP 62000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD 32000 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD 34000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES SHORT TERM MISSIONS TRIP 31000 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD/SHORT TERM MISSIONS TRIP 20000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD/SHORT TERM MISSIONS TRIP 50000 0 0 0 0 0 0 229000 0 229000 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 X 1 TODD DEXTER & ASSOCIATES LLC 17950 PRESSTON RD 340 DALLAS TX 75252 MARKETING 0 2594785 805094 1789691 MDS COMMUNICATIONS CORPORATION 545 W JUANITA AVE MESA AZ 85210 TELEPHONE FUNDRAISING SERVICES 0 317085 97190 219894 2911870 902284 2009585 AK AL AR CA CO CT GA HI ID KS KY LA MA MD ME MI MN MO MS MT NC NE NH NY OH OK OR RI SC SD TN TX UT VA WA WI WV FL NM PA GOLF CLASSIC EVENT 83790 61690 22100 6945 11933 10438 1836 83790 61690 22100 6945 11933 10438 1836 31152 -9052 1 NORTHWESTERN FOUNDATION 3003 SNELLING AVE N ST PAUL MN 55113 411878924 501(C)(3) 29740 N/A N/A GENERAL OPERATING SUPPORT FAR EAST BROADCASTING COMPANY PO BOX 1 LA MIRADA CA 90637 951461574 501(C)(3) 15000 N/A N/A CONSTRUCT RADIO TRANSLATOR TRANS WORLD RADIO PO BOX 8700 CARY NC 27512 221690564 501(C)(3) 100000 N/A N/A CONSTRUCT NEW AM TRANSMISSION SITE CHRISTIAN MUSIC BROADCASTERS INC PO BOX 241871 LITTLE ROCK AR 72223 710928762 501(C)(3) 5500 N/A N/A SCHOLARSHIP AND SPONSORSHIP NATIONAL RELIGIOUS BROADCASTERS 1 MASSACHUSETTS AVE NW SUITE 333 WASHINGTON DC 20001 221841274 501(C)(3) 5000 N/A N/A LEGAL FEES 5 0 SCHOLARSHIPS & TUITION ASSISTANCE 1589 18423832 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 1 1 X X X 0 1 0 0 0 0 0 0 0 DR ALAN CURETON PRESIDENT 234908 0 31103 0 66359 0 26400 0 12700 0 371470 0 0 0 DOUGLAS R SCHROEDER VP OF BUSINESS/CFO/TREASURER 147916 0 0 0 2323 0 8894 0 12488 0 171621 0 0 0 DR PAUL VIRTS SR. VP OF MEDIA 119104 0 12550 0 26610 0 8676 0 12273 0 179213 0 0 0 DR JANET SOMMERS SR. VP FOR ACADEMIC AFFAIRS 142340 0 0 0 1051 0 8898 0 15740 0 168029 0 0 0 PART I, LINE 1A TAX GROSS-UP PAYMENTS: DR. CURETON - TAX GROSS UP FOR THE MORTGAGE FORGIVENESS - INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCES: DR. CURETON - MORTGAGE FORGIVENESS, INCLUDED IN TAXABLE COMPENSATION. SOCIAL CLUB DUES: DR. CURETON - NOT INCLUDIBLE IN TAXABLE COMPENSATION. PERSONAL SERVICES: DR. CURETON - NOT INCLUDIBLE IN TAXABLE COMPENSATION. PART I, LINE 4B EMPLOYER CONTRIBUTION TO 457(F) PLAN: DR. CURETON - PAYMENT OF $12,000 TO 457(F) PLAN ON BEHALF OF DR. CURETON, NOT TAXABLE UNTIL VESTED. A PUBLIC FINANCE AUTHORITY 273866124 2014-07-01 25320000 SEE PART IV 0 0 0 A 2040000 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 DR ALAN CURETON PRESIDENT LOAN FOR MORTGAGE X 350000 128000 0 1 1 128000 DR CURETON'S SPOUSE SPOUSE OF PRESIDENT 22134 EMPLOYMENT COMPENSATION 0 X 2 235131 APPRAISAL X 9317 ESTIMATED VALUE X 37 274322 STOCK MARKET QUOTES X FCC LICENSE 1 226545 ESTIMATED VALUE X EQUIPMENT 2 119239 ESTIMATED VALUE X GRAIN 18 24223 ESTIMATED VALUE X EVENT AUCTION 4 5250 ESTIMATED VALUE 86 0 1 0 PART I, COLUMN (B): THE UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). 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 B, LINE 11 A DRAFT OF THE FORM 990 WAS PROVIDED TO THE UNIVERSITY'S MANAGEMENT TEAM 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 COMPARABILITY DATA FROM THREE MAIN SOURCES: (1) COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES, (2) CUPA AND (3) YAFFE & CO. ALL THREE 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 2015 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 THAT INCLUDED COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION WAS COMPLETED IN 2015 FOR VP OF FINANCE, D. SCHROEDER AND OTHER VICE PRESIDENTS. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES, TRUSTS -2,644. CHANGE IN VALUE OF INTEREST RATE SWAP -1,008,235. LINCOLN DRIVE PROPERTIES LLC 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 205476148 REAL ESTATE MN 12000 3321961 UNIVERSITY OF NORTHWESTERN - ST PAUL UNW STUDENT HOUSING LLC 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 411930109 STUDENT HOUSING MN 128476 8295586 UNIVERSITY OF NORTHWESTERN - ST PAUL NORTHWESTERN FOUNDATION 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 411878924 EDUCATION FOUNDATION MN 501(C)(3) LINE 7 UNIVERSITY OF NORTHWESTERN - ST PAUL 1 CHARITABLE REMAINDER TRUSTS (4) TRUSTS MN UNIVERSITY OF NORTHWESTERN - ST PAUL T 1 0 1 1 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 NORTHWESTERN FOUNDATION C 136920 FMV NORTHWESTERN FOUNDATION L 115000 FMV NORTHWESTERN FOUNDATION M 63243 FMV