2012-05-09T13:13:34-05:00 2011-06-30 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-07-01 410711610 NORTHWESTERN COLLEGE NORT 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DOUGLAS R SCHROEDER 6516315100 2012-05-03 1 XIAOYAN LUO 6123764500 2010 2016-02-24 21:20:13Z DOUGLAS R SCHROEDER 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 84367367 0 X WWW.NWC.EDU X 1902 MN TO ENCOURAGE SPIRITUAL & INTELLECTUAL GROWTH IN A NONDENOMINATIONAL CHRISTIAN COLLEGE. 18 17 1790 1174 1141423 -261724 13984240 13611348 63283763 65080767 306196 2062689 168476 178989 77742675 80933793 13974379 15217403 0 0 33801443 34656285 847795 737221 3677559 27124369 27702367 75747986 78313276 1994689 2620517 83124316 93200105 28650003 34824886 54474313 58375219 X FOUNDED IN 1902, NORTHWESTERN COLLEGE IS A NONDENOMINATIONAL CHRISTIAN COLLEGE THAT INTEGRATES THE EDUCATIONAL PHILOSOPHY OF "FAITH, LEARNING AND LIVING" THROUGH TWO FOCUSES: HIGHER EDUCATION AND MEDIA. THE MISSION OF THE COLLEGE 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 44477375 15107772 61111833 NORTHWESTERN COLLEGENORTHWESTERN COLLEGE, A PRIVATE CHRISTIAN LIBERAL ARTS COLLEGE, ENROLLS MORE THAN 3,000 STUDENTS AND OFFERS 70+ AREAS OF STUDY. NORTHWESTERN GRANTS BACHELOR'S, MASTER'S AND ASSOCIATE'S DEGREES AND GRADUATE AND UNDERGRADUATE CERTIFICATES IN SELECT AREAS OF STUDY. ALL COURSES ARE TAUGHT WITHIN A BIBLICAL CHRISTIAN WORLDVIEW. MORE THAN 1,800 STUDENTS ARE ENROLLED IN THE TRADITIONAL UNDERGRADUATE PROGRAM. GRADUATE & CONTINUING EDUCATION PROGRAMS, ENROLLING AN ADDITIONAL 1,400 STUDENTS, INCLUDE FOCUS DEGREE COMPLETION, DISTANCE EDUCATION AND THE CENTER FOR GRADUATE STUDIES. THE STUDY OF THE BIBLE IS A CORE CURRICULUM REQUIREMENT FOR ALL STUDENTS, AND DAILY CHAPEL, AN INTEGRAL PART OF THE TRADITIONAL PROGRAM, PROVIDES STUDENTS WITH THE OPPORTUNITY TO HEAR WORLD-RENOWNED SPEAKERS AND PARTICIPATE IN PRAISE AND WORSHIP. NORTHWESTERN'S MORE THAN 20,000 ALUMNI POSITIVELY IMPACT SOCIETY THROUGH CAREERS IN LAW, EDUCATION, MEDICINE, GOVERNMENT, BUSINESS, MEDIA AND TECHNOLOGY AS WELL AS IN MISSIONS, CHURCHES AND PARACHURCH ORGANIZATIONS. 10341289 0 3968934 NORTHESTERN MEDIANORTHWESTERN'S MEDIA FOCUS BEGAN IN MINNEAPOLIS IN 1949, THANKS TO $44,000 GENERATED BY STUDENTS. NORTHWESTERN'S SECOND PRESIDENT, WILLIAM F. "BILLY" GRAHAM, GAVE THE FIRST ON-AIR PRAYER. TODAY NORTHWESTERN OWNS AND OPERATES 15 NONCOMMERCIAL LISTENER-SUPPORTED CHRISTIAN RADIO STATIONS IN MINNESOTA, NORTH AND SOUTH DAKOTA, IOWA AND WISCONSIN, WITH A TOTAL AUDIENCE OF OVER 600,000 LISTENERS EACH WEEK. NORTHWESTERN MEDIA LISTENERS PROVIDE OVER 75% OF THE FUNDING TO SUPPORT THIS MINISTRY ($11,135,532 IN FISCAL YEAR 10-11). NORTHWESTERN STATIONS UTILIZE THEIR INFLUENCE IN THE MARKETS THEY SERVE TO REACH BEYOND THEIR OWN MINISTRY. FOOD SHELVES ARE STOCKED THROUGH NORTHWESTERN RADIO-SPONSORED CONCERT EVENTS, TENS OF THOUSANDS OF SHOE BOXES ARE COLLECTED AT NORTHWESTERN-OWNED RADIO STATIONS FOR OPERATION CHRISTMAS CHILD AND BACKPACKS FILLED WITH SCHOOL SUPPLIES FOR INNER-CITY YOUTH. NORTHWESTERN'S MEDIA MINISTRY ALSO REACHES BEYOND THE UNITED STATES THROUGH FINANCIAL AND TECHNOLOGICAL PARTNERSHIPS WITH CHRISTIAN RADIO STATIONS IN KENYA, UGANDA, BELIZE, ECUADOR AND MONGOLIA. 54818664 1 1 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 1 0 1 1 1 1 0 0 0 1 1 1 0 0 0 1 246 0 1 1790 1 1 1 0 0 0 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 MN X DOUGLAS SCHROEDER 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DR ALAN CURETON 45.00 X X 267334 0 26067 GROVER SAYRE III 2.00 X X 0 0 0 DR SARA A ROBERTSON 2.00 X X 0 0 0 ALICE E BALZER 2.00 X X 0 0 0 MEGAN DOYLE 2.00 X 0 0 0 MARY EDWARDS 2.00 X 0 0 0 RONALD HALVERSON 2.00 X 0 0 0 DR BILL HAMEL 2.00 X 0 0 0 DR GEORGE KENWORTHY 2.00 X 0 0 0 CAROLE LEHN 2.00 X 0 0 0 LAUREN LIBBY 2.00 X 0 0 0 ARNOLD BUD LINDSTRAND 2.00 X 0 0 0 BLUE OLSON 2.00 X 0 0 0 RUSS REYNOLDS 2.00 X 0 0 0 DANIEL E STOLTZ 2.00 X 0 0 0 DR SELWYN VICKERS 2.00 X 0 0 0 DALYNN HOCH 2.00 X 0 0 0 MICHAEL MELOCH 2.00 X 0 0 0 DOUGLAS R SCHROEDER 45.00 X 128984 0 21002 CLYDE BILLINGTON 45.00 X 121692 0 15317 AMY BRAGG CAREY 45.00 X 126328 0 23792 10DR PAUL VIRTS 45.00 X 124298 0 20618 MICHAEL WISE 45.00 X 127563 0 7429 DR JANET SOMMERS 45.00 X 128732 0 23765 1024931 0 137990 7 0 1 0 AP MIDWEST LLC 6701 WEST 23RD STREET MINNEAPOLIS MN 55426 CONSTRUCTION 10768456 BON APPETIT 91337 COLLECTIONS DRIVE PO BOX 913 CHICAGO IL 60693 FOOD SERVICE 2922626 PAREO TECHNOLOGY SOLUTIONS INC 120 S 6TH STREET SUITE 2550 MINNEAPOLIS MN 55402 TECHNOLOGY MANAGEMENT SERVICES 1490105 KMA DIRECT COMMUNICATIONS INC 7160 DALLAS PARKWAY SUITE 400 PLANO TX 75024 FUNDRAISING 737221 SUNGARD HIGHER EDUCATION INC 14083 COLLECTION CENTER DRIVE CHICAGO IL 60693 TECHNOLOGY MANAGEMENT SERVICES 298237 41 60045 117064 13434239 113128 13611348 TUITION AND FEES 611600 48843012 48843012 STUDENT RESIDENT HOUS. 531110 5344735 5344735 RADIO AND AUXILIARY 722320 3968934 3031165 937769 FOOD SERVICE 611710 3120114 3120114 SERVICE FEES 611710 3090892 3090892 713080 713080 65080767 587903 587903 237115 33461 203654 203654 203654 3674569 1173750 3293382 80151 381187 1093599 1474786 1474786 1800 60045 26580 -24780 -24780 MISCELLANEOUS INCOME 900099 115 115 115 80933793 51874177 1141423 14306845 227372 227372 14990031 14990031 438220 438220 26737811 20853887 4997184 886740 1315139 976086 289033 50020 4215217 3183858 895006 136353 1949898 1466321 421564 62013 189416 79849 108942 625 74875 74875 737221 737221 4614450 2246233 2103281 264936 314647 125443 181649 7555 3928487 1547059 1303592 1077836 2743033 1561742 1145839 35452 1156171 952276 159575 44320 178815 131804 40529 6482 299582 263650 35932 4527056 4462517 64539 534712 422776 109222 2714 FOOD & MEALS 3395573 3314521 53987 27065 MISCELLANEOUS 1781148 1088881 645890 46377 TUITION REIMBURSEMENTS 1595558 76201 1399482 119875 REPAIRS & MAINTENANCE 1231312 560577 613866 56869 DUES & SUBSCRIPTIONS 623418 500154 109143 14121 514114 513593 7 514 78313276 54818664 19817053 3677559 X 1199917 1118679 0 81238 12051502 10741475 747338 1162862 1253400 893746 2190513 2019369 333933 315424 401962 316660 924000 860565 106867787 47530386 49373620 59337401 8474807 10567364 585963 579198 2810686 2697958 2739418 2740159 1237174 967924 83124316 93200105 7234376 6297703 2000556 1988941 13890000 21393783 17603 2092051 1737061 3415417 3407398 28650003 34824886 X 43349152 46146990 3507045 4268205 7618116 7960024 54474313 58375219 83124316 93200105 X 2620517 1280389 X 1 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 656657 X X X 0 8922913 657000 1802241 132795 11249359 7713208 562263 964817 317375 8922913 9562640 409761 -1956489 302704 7713208 0.17000 0.67000 0.17000 1 0 2886141 2886141 81963693 30462314 51501379 549646 549646 0 20548116 16518426 4029690 920191 920191 59337401 TRUST FUND OBLIGATIONS 334558 REFUNDABLE US GOV'T STUDENT LOAN FUNDS 2359948 ASSET RETIREMENT OBLIGATION 712892 3407398 PART III, LINE 4: THE COLLEGE HOLDS AN ART COLLECTION, WHICH FURTHERS OUR EDUCATIONAL EXEMPT PURPOSE BY PROVIDING ART STUDENTS WITH VARIOUS EXAMPLES OF ARTWORK FOR SCHOLARLY RESEARCH. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE FOR STUDENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE 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 COLLEGE 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 COLLEGE'S FINANCIAL STATEMENTS. THE COLLEGE'S TAX RETURNS ARE OPEN TO EXAMINATIONS FOR THE YEARS 2007 THROUGH 2010. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE POLICY IS CONTAINED IN ALL REGISTRATION AND PROMOTIONAL MATERIALS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES THE FOLLOWING FEDERAL FUNDING: WORK STUDY, PERKINS LOANS, PELL GRANTS, ACADEMIC COMPETITIVENESS GRANTS, SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANT, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND THE FAMILY EDUCATION LOAN PROGRAM. X X X X X X X 1 KMA DIRECT COMMUNICATIONS 5151 BELT LINE ROAD SUITE 900 DALLAS TX 75254 MARKETING 0 2730331 737221 1993110 2730331 737221 1993110 AK CA GA KS KY ME MA MS MN MO NE NC OR RI TN UT VA WV DE HI ID LA MT NE SD TX VT WY CT WI GOLF CLASSIC EVENT 61845 60045 1800 0 5625 18926 0 0 2029 61845 60045 1800 5625 18926 2029 26580 -24780 1 NORTHWESTERN FOUNDATION 3003 SNELLING AVENUE NORTH SAINT PAUL MN 55113 411878924 501(C)(3) 109631 0 N/A N/A GENERAL OPERATING SUPPORT FAR EAST BROADCASTING COMPANY 15700 IMPERIAL HIGHWAY LA MIRADA CA 90638 951461574 501(C)(3) 40000 0 N/A N/A ASSISTANCE TO CHRISTIAN RADIO ON INDONESIAN ISLANDS THAT ARE PRIMARILY MUSLIM GSPAE 2515 WHITE BEAR AVENUE NORTH SUITE 202 SAINT PAUL MN 55109 10000 0 N/A N/A CHAPEL DONATION TO GO TOWARDS STATE FAIR BUILDING TRANS WORLD RADIO PO BOX 8700 CARY NC 27512 221690564 501(C)(3) 75000 0 N/A N/A MISSIONS GIVING 4 0 SCHOLARSHIPS & TUITION ASSISTANCE 14990031 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: NORTHWESTERN COLLEGE MAKES CONTRIBUTIONS TO NORTHWESTERN FOUNDATION, A RELATED ORGANIZATION UNDER COMMON MANAGEMENT. NORTHWESTERN COLLEGE MADE TWO CONTRIBUTIONS TO UNRELATED ORGANIZATIONS. IN EACH INSTANCE, SENIOR MANAGEMENT MONITORED RECIPIENT SPENDING VIA COMMUNICATION WITH THE ORGANIZATIONS TO SEE HOW OPERATIONS WERE RUNNING. A SITE VISIT BY SENIOR MANAGEMENT IS ALSO CONDUCTED TO CHECK THE STATUS OF THE ORGANIZATION AND MONITOR THE PROGRESS OF THE INTENDED PROJECT. GRANTS AND SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO ARE SELECTED BY COMMITTEE BASED ON FINANCIAL NEED AND SCHOLASTIC PERFORMANCE. X X X X 1 1 X X 0 0 0 0 0 0 0 0 0 DR ALAN CURETON 190000 0 0 0 77334 0 15200 0 10867 0 293401 0 0 0 AMY BRAGG CAREY 127254 0 0 0 -926 0 10414 0 13378 0 150120 0 0 0 DR JANET SOMMERS 129754 0 0 0 -1022 0 10380 0 13385 0 152497 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: DR. VIRTS - $4,204 - INCLUDED IN TAXABLE COMPENSATION. TAX GROSS-UP PAYMENTS: DR. VIRTS - $2,458 - RELATED TO TRAVEL FOR COMPANIONS - INCLUDED IN TAXABLE COMPENSATION. DR. CURETON - $6,280 - RELATED TO INTEREST ON MORTGAGE - INCLUDED IN TAXABLE COMPENSATION. DR. CURETON - $18,107 - TAX GROSS UP FOR THE MORTGAGE FORGIVENESS - INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCES: DR. CURETON - $19,207 - INCLUDED IN TAXABLE COMPENSATION. DR. CURETON - $35,000 - MORTGAGE FORGIVENESS, INCLUDED IN TAXABLE COMPENSATION. SOCIAL CLUB DUES: DR. CURETON - $9,863 - NOT INCLUDIBLE IN TAXABLE COMPENSATION. DR. SOMMERS - $432 - NOT INCLUDIBLE IN TAXABLE COMPENSATION. DR. VIRTS - $432 - NOT INCLUDIBLE IN TAXABLE COMPENSATION. AMY BRAGG CAREY - $432 - NOT INCLUDIBLE IN TAXABLE COMPENSATION. COLO EDUCATIONAL & CULTURAL FACILITIES AUTH 840896727 19645RGG0 2008-08-01 6500000 FACILITY PURCHASE, CONSTRUCTION & RENOVATION 0 0 0 CITY OF ARDEN HILLS 2010 SERIES 416008992 2010-11-18 8000000 CONSTRUCTION OF THE BILLY GRAHAM COMMUNITY LIFE COMMONS BUILDING 0 0 0 6500000 44606 128500 6309303 2011 0 0 0 1 8000000 67750 6678 7925572 71217 2012 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 DR ALAN CURETON LOAN FOR MORTGAGE X 350000 315424 0 1 1 315424 DR CURETON'S SPOUSE SPOUSE OF PRESIDENT 19500 EMPLOYMENT COMPENSATION 0 X 2990 FAIR MARKET VALUE X 24 110138 QUOTED PRICE 0 1 0 NON REPORTING OF REVENUE: PART I, LINE 33: WE RECORD CONTRIBUTIONS OVER OUR CAPITALIZATION POLICY AMOUNT OF $2,500. FORM 990, PART VI, SECTION A, LINE 1 NORTHWESTERN COLLEGE HAS AN EXECUTIVE COMMITTEE, CONSISTING OF THE CHAIR, VICE-CHAIR AND SECRETARY OF THE BOARD OF TRUSTEES, THE PRESIDENT OF THE COLLEGE, 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 MATTERES 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 THE FORM 990 IS REVIEWED AND APPROVED BY MANAGEMENT BEFORE IT IS FILED WITH THE IRS, AND THE 990 IS PROVIDED TO THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY APPLIES TO ITS BOARD OF TRUSTEES, OFFICERS AND MANAGEMENT EMPLOYEES. 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 COLLEGE 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 NORTHWESTERN COLLEGE. THE INTERESTED PERSON LEAVES THE ROOM FOR DISCUSSIONS INVOLVING, AND MAY NOT VOTE ON, THE RELEVANT CONTRACT OR TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT OF NORTHWESTERN COLLEGE: IN 2011, NORTHWESTERN RECEIVED COMPARISON 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 TO REVIEW 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 BOTH THE BOARD OF TRUSTEES AND LARSONALLEN LLP. THE LAST REVIEW WAS COMPELETED IN 2011 FOR PRESIDENT, A. CURETON. OTHER OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES: NORTHWESTERN COLLEGE HAS A FORMAL SALARY PROGRAM WITH SALARY GRADES AND SALARY RANGES FOR POSITIONS. NORTHWESTERN COLLEGE 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 PROCESS OF DETERMINING THE COMPENSATION OF THE OTHER OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES DOES NOT INCLUDE REVIEW AND APPROVAL BY INDEPENDENT PERSONS; IT LAST INCLUDED COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION IN 2011 FOR VICE PRESIDENTS A. OTTLEY, D. SCHROEDER, A. CAREY AND P. VIRTS. FORM 990, PART VI, SECTION C, LINE 19 NORTHWESTERN COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,169,155. CHANGE IN VALUE OF ANNUITIES, TRUSTS 85,524. CHANGE IN VALUE OF INTEREST RATE SWAP 25,710. TOTAL TO FORM 990, PART XI, LINE 5: 1,280,389. AVERAGE WEEKLY HOURS FORM 990, PART VII, SECTION A DR. ALAN CURETON, AMY BRAGG CAREY, AND DOUGLAS R. SCHROEDER ALSO SERVE NORTHWESTERN FOUNDATION, A RELATED ORGANIZATION. EACH INDIVIDUAL SPENDS APPROXIMATELY 45 HOURS PER WEEK IN THE SERVICE OF NORTHWESTERN COLLEGE AND APPROXIMATELY 2 HOURS PER WEEK IN THE SERVICE OF NORTHWESTERN FOUNDATION. DANIEL E. STOLTZ, RONALD HALVERSON, CAROLE LEHN AND GROVER SAYRE, III, ALSO SERVE NORTHWESTERN FOUNDATION. EACH INDIVIDUAL SPENDS APPROXIMATELY 2 HOURS PER WEEK IN THE SERVICE OF NORTHWESTERN COLLEGE AND APPROXIMATELY 2 HOURS PER WEEK IN THE SERVICE OF NORTHWESTERN FOUNDATION. LINCOLN DRIVE PROPERTIES LLC 3003 SNELLING AVENUE NORTH ROSEVILLE MN 55113 205476148 REAL ESTATE MN 184249 736338 NORTHWESTERN COLLEGE NORTHWESTERN FOUNDATION 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 411878924 EDUCATION FOUNDATION MN 501(C)(3) LINE 7 N/A 0 1 1 1 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 NORTHWESTERN FOUNDATION B 109631 FMV NORTHWESTERN FOUNDATION C 117064 FMV NORTHWESTERN FOUNDATION K 86400 FMV