2021-07-20T19:01:38-07:00 2021-03-31 300358651 Angie Vickery CPA PC PO Box 143 Hodges AL 35571 990 2020-04-01 630997775 NORTHWEST-SHOALS COMMUNITY COLLEGE FOUNDATION INC NORT 2563315314 PO Box 2390 Muscle Shoals AL 35662 David Muhlendorf Secretary/Treasurer 2563353912 2021-07-23 1 Angie Vickery P00438135 2054415627 2021-07-20 0 11 0 AAL2 2020 2022-09-23 18:48:47Z Buddy Whitlock PO Box 5000 Sheffield AL 35660 440487 0 X X 1989 AL To receive private gifts, bequests, and donations, and to account for, manage, and appreciate money or property submitted to the Foundation for the benefit of Northwest Shoals Community College and its students. 15 15 0 0 0 0 134158 109507 0 -41755 317183 6182 13797 98585 440487 58833 64813 0 0 0 0 66421 14942 125254 79755 -26669 360732 1519151 1875756 26086 21959 1493065 1853797 To receive gifts, bequests, and donations, and to account for, manage, and appreciate money or property submitted to the Foundation. Funds are distributed to benefit and advance Northwest-Shoals Community College and its students. 0 0 64813 440486 To receive private gifts, bequests, and donations, and to account for, manage, and appreciate money or property submitted to the Foundation. Funds are distributed to benefit and advance Northwest-Shoals Community College and its students. 0 0 0 64813 1 1 0 0 0 1 0 0 0 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 X Teresa Harrison 2563315314 PO Box 2390 Muscle Shoals AL 35662 X David Johnson President 0 X X 0 0 0 Tracy Rye Vice President 0 X X 0 0 0 David Muhlendorf Secretary/Treasurer 0 X X 0 0 0 Tommy Barnes Board Member 0 X 0 0 0 LO Bishop Board Member 0 X 0 0 0 Greg Bowling Board Member 0 X 0 0 0 Regina Coates Board Member 0 X 0 0 0 Pam Doyle Board Member 0 X 0 0 0 Jackie Hendrix Board Member 0 X 0 0 0 Gerald Hester Board Member 0 X 0 0 0 Trent Jordan Board Member 0 X 0 0 0 Laquita Logan Board Member 0 X 0 0 0 Barry Moore Board Member 0 X 0 0 0 Chad Smith Board Member 0 X 0 0 0 Kevin Touchstone Board Member 0 X 0 0 0 Buddy Whitlock Board Member 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 109507 0 109507 0 317183 317183 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ambassador Fundraising 900099 7021 7021 0 0 Nursing Club fundraising 900099 6730 6730 0 0 Misc 900099 46 46 0 0 0 0 0 0 13797 440487 330980 0 0 64813 64813 3850 3850 2397 2397 141 141 1349 1349 Plaques 640 0 640 0 Ambassador expense 6565 0 6565 0 79755 64813 14942 0 466864 493884 6105 7183 782 1045400 1374689 1519151 1875756 26086 21959 0 26086 21959 X 339454 338549 1153611 1515248 1493065 1853797 1519151 1875756 360732 0 0 0 0 0 X 0 1 X 1 0 X 440927 153965 274160 134158 109507 1112717 440927 153965 274160 134158 109507 1112717 1112717 1221 -2647 45012 -41755 317183 319014 0 1431731 0.77718 0.968 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31 0 406475 0 44838 0 1515248 0 1 1 1153611 406475 0 44838 0 0 1515248 1160957 43887 0 51233 0 0 1153611 982462 252586 0 74091 0 0 1160957 974962 84779 0 46279 31000 0 982462 734808 294235 0 54081 0 0 974962 0 0.661 0.339 0 0 Domestic Equities 634969 F International Equities 162728 F Short Term Bonds 153992 F Intermediate Term Bonds 164180 F Mutual Funds 108820 F Fixed Annuity 150000 F 1374689 0 X 478244 0 37757 0 0 37757 440487 0 0 0 440487 117512 37757 0 0 0 37757 79755 0 0 0 79755 Schedule D, Part V, Line 4 Permanent endowment funds consist of funds that are held permanently in order to generate investment income to fund scholarships. Term endowment funds consist of the investment income earned from permanent endowments and other contributions that are restricted for scholarships. Schedule D, Part X, Line 2 The Foundation follows the income tax standard for uncertain positions. The Foundation has evaluated their tax provisions and determined they have no uncertain tax positions as of March 31, 2021. 1 Scholarships that pay tuition to students of Northwest Shoals Community College. 87 64813 0 Actual Scholarship funds paid directly to Northwest Shoals Community College on behalf of scholarship recipients. Schedule I, Part I, Line 2 Scholarship recipients must comply with requirements set forth in scholarship endowment as predetermined by grantors and monitored by the management and board of the Foundation. Form 990, Part VI, Section A, Line 7a Prospective new board members are nominated and elected by existing board members. Form 990, Part VI, Section A, Line 7b All major decisions are approved by the board members. Form 990, Part VI, Section A, Line 8b Committee meetings are not documented. Any discussions that lead to major issues are documented when raised at the board meeting. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by an independent accountant. The Director reviews the form before mailing. Form 990, Part VI, Section B, Line 15 The Foundation has no employees. Form 990, Part VI, Section C, Line 19 The annual audit is reviewed by board members and available for public inspection. Other governing documents are available for public inspection at NWSCC administrative offices upon request.