2017-02-10T10:17:10-06:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-07-01 411878924 NORTHWESTERN FOUNDATION NORT 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DOUGLAS R SCHROEDER TREASURER 6516315100 2017-02-07 1 KAREN GRIES P00078514 6123764500 2015 2021-01-29 14:40:06Z RONALD R HALVERSON 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 2603601 0 X N/A X 1996 MN TO SECURE, RECEIVE AND MANAGE PLANNED GIFTS ON BEHALF OF PUBLIC CHARITIES INCLUDING UNIVERSITY OF NORTHWESTERN - ST. PAUL. 10 9 0 9 0 0 271491 907505 0 0 288304 165896 64030 67236 623825 1140637 343654 415181 0 0 0 0 0 0 3186 182138 292025 525792 707206 98033 433431 6203760 6454340 1219001 1215128 4984759 5239212 TO SECURE, RECEIVE AND MANAGE PLANNED GIFTS ON BEHALF OF PUBLIC CHARITIES INCLUDING UNIVERSITY OF NORTHWESTERN - ST. PAUL. 0 0 502458 415181 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. 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 ARE NOT CONTRARY TO THE BELIEFS OR THE MISSION OF THE ORGANIZATION. 502458 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 49 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X DOUGLAS R SCHROEDER 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 RONALD HALVERSON CHAIR 2.00 2.00 X X 0 0 0 NANCY JOHNSON SECRETARY 2.00 0.00 X X 0 0 0 DR ALAN CURETON DIRECTOR 2.00 45.00 X 0 332370 39100 STAN ERICKSON DIRECTOR 2.00 2.00 X 0 0 0 GINGER EWING 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 DANIEL E STOLTZ DIRECTOR 2.00 0.00 X 0 0 0 KEVIN ZWART DIRECTOR 2.00 0.00 X 0 0 0 KIRBY STOLL VICE PRESIDENT/FOUNDATION 9.00 31.00 X 0 80023 20534 DOUGLAS R SCHROEDER TREASURER 2.00 45.00 X 0 150239 21382 0 562632 81016 0 0 1 0 0 61439 846066 434922 907505 137015 137015 1491845 1462964 28881 28881 28881 INVESTMENT MANAGEMENT 900099 63244 63244 SERVICE REVENUE 900099 3992 3992 67236 1140637 0 0 233132 X 406231 406231 8950 8950 91529 2282 89247 9175 9175 168090 84045 84045 102 102 3743 123 1522 2098 613 153 153 307 5 5 16744 16744 FOOD 2024 674 676 674 707206 502458 201562 3186 237080 528127 424185 649112 0 339200 114320 0 114320 5093019 4362530 202490 198606 246986 262445 6203760 6454340 3187 2189 1215814 1212939 1219001 1215128 X 1508958 1523652 577222 829770 2898579 2885790 4984759 5239212 6203760 6454340 X 433431 -172684 -6294 X 0 1 X 1 0 X 397177 468789 425908 271491 907505 2470870 397177 468789 425908 271491 907505 2470870 497814 1973056 131527 158990 109674 177586 137015 714792 54971 57544 60531 64030 67236 304312 3489974 0.56530 0.54630 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INVESTMENT MANAGEMENT FEES - 2011 AMOUNT: $ 54,971. 2012 AMOUNT: $ 57,544. 2013 AMOUNT: $ 60,531. 2014 AMOUNT: $ 64,030. 2015 AMOUNT: $ 63,244. SERVICE REVENUE - 2015 AMOUNT: $ 3,992. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11 472320 292435 236001 1 1 3294523 19964 755 135125 251876 2928241 3340322 78535 10684 135018 3294523 3053615 103564 319510 136367 3340322 2953945 62835 162053 125218 3053615 3215371 62898 9799 226123 108000 2953945 0.17820 0.77200 0.04990 0 0 114320 114320 114320 ANNUITY OBLIGATIONS 1099405 DUE TO RELATED ORGANIZATION 113534 1212939 X 961659 -172684 -172684 1134343 6294 6294 1140637 707206 0 707206 0 707206 PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE MISSION AND PROGRAMS OF UNIVERSITY OF NORTHWESTERN - ST. PAUL AND OTHER NOT-FOR-PROFIT ORGANIZATIONS. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION WHICH IS EXEMPT UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE AND IS CONSIDERED OTHER THAN A PRIVATE FOUNDATION. CHARITABLE GIFTS ARE THEREFORE CONSIDERED TAX DEDUCTIBLE. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE FOUNDATION HAS NOT BEEN EXAMINED FOR ANY OPEN YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 6,294. 1 UNIVERSITY OF NORTHWESTERN - ST PAUL 3003 SNELLING AVE N SAINT PAUL MN 55113 410711610 501(C)(3) 136920 0 N/A N/A GENERAL OPERATING SUPPORT NORTH HEIGHTS LUTHERAN CHURCH 1700 WEST HIGHWAY 96 ARDEN HILLS MN 55112 410832485 501(C)(3) 189311 0 N/A N/A GENERAL OPERATING SUPPORT CENTRAL BAPTIST CHURCH 420 ROY ST N SAINT PAUL MN 55104 410773758 501(C)(3) 80000 0 N/A N/A GENERAL OPERATING SUPPORT 3 0 SCHOLARSHIP 8 8950 0 N/A N/A PART I, LINE 2: THE FOUNDATION'S PRIMARY ASSISTANCE WAS TO 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 234908 0 31103 0 66359 0 26400 0 12700 0 371470 0 0 DOUGLAS R SCHROEDER TREASURER 0 147916 0 0 0 2323 0 8894 0 12488 0 171621 0 0 PART I, LINE 3 THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS OF NORTHWESTERN FOUNDATION IS DETERMINED BY UNIVERSITY OF NORTHWESTERN - ST. PAUL, A RELATED ORGANIZATION. THE FOLLOWING WERE USED BY UNIVERSITY OF NORTHWESTERN - ST. PAUL TO ESTABLISH THE COMPENSATION: 1. COMPENSATION COMMITTEE 2. COMPENSATION SURVEY OR STUDY 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 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. X 1 6222 FMV X 2 428700 FMV 2 0 1 0 PART I, COLUMN (B): THE FOUNDATION REPORTS THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). 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. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 WAS PROVIDED TO THE FOUNDATION'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 NORTHWESTERN FOUNDATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. 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 DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 84,045. MANAGEMENT AND GENERAL EXPENSES 84,045. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 168,090. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -6,294. 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 (2) 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