2023-11-13T12:08:29-06:00 2023-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2022-07-01 366086819 NORTHERN ILLINOIS UNIVERSITY FOUNDATION NORT 8157530282 ALTGELD HALL 134 DEKALB IL 60115 CATHERINE B SQUIRES CFRE PRESIDENT AND CEO 8157530282 2023-11-15 1 CATHERINE SQUIRES CFRE 999009999 1 DORI J EGGETT P00645252 3037409400 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHERINE B SQUIRES CFRE ALTGELD HALL 134 DEKALB IL 60115 24275530 0 X WWW.NIUFOUNDATION.ORG X 1949 IL TO SECURE AND MANAGE PRIVATE SUPPORT TO BENEFIT NORTHERN ILLINOIS UNIVERSITY. 25 25 0 1334 88570 46181 19050901 15598366 1646922 1802856 10172266 6690368 261565 176807 31131654 24268397 6205814 7075348 0 0 0 0 0 0 1947303 4821253 6060683 11027067 13136031 20104587 11132366 169106712 184924291 13730241 15338575 155376471 169585716 X THE NIU FOUNDATION'S MISSION IS TO ENERGIZE AND CONNECT THE PRIVATE SECTOR WITH THE NIU COMMUNITY TO SECURE AND STEWARD RESOURCES THAT SUPPORT THE FUTURE AND GROWTH OF NIU. 0 0 9426231 7075348 1788794 SEE SCHEDULE O 9426231 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 118 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL NY NM OR UT CO WA MA OH X X KYM KOWALSKI 8157531663 ALTGELD HALL 134 DEKALB IL 60115 X JOHN TIERNEY BOARD CHAIR 2.00 0.00 X X 0 0 0 CYNTHIA CROCKER VICE CHAIR 2.00 0.00 X X 0 0 0 DAVID HEIDE TREASURER 2.00 0.00 X X 0 0 0 STACEY BARSEMA DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM BOSTON DIRECTOR 1.00 0.00 X 0 0 0 BRENT BRODESKI DIRECTOR 1.00 0.00 X 0 0 0 WHEELER COLEMAN DIRECTOR 1.00 0.00 X 0 0 0 CAROL CRENSHAW DIRECTOR 1.00 0.00 X 0 0 0 JOHN THOMAS FUTRELL DIRECTOR 1.00 0.00 X 0 0 0 KENNETH GREISMAN PART YEAR DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY KAMBICH DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY LIESENDAHL DIRECTOR 1.00 0.00 X 0 0 0 JAMES PICK DIRECTOR 1.00 0.00 X 0 0 0 MANNY SANCHEZ DIRECTOR 1.00 0.00 X 0 0 0 RICH ESCALANTE DIRECTOR 1.00 0.00 X 0 0 0 PETE GARRITY DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH SENER DIRECTOR 1.00 0.00 X 0 0 0 RAY BANKS DIRECTOR 1.00 0.00 X 0 0 0 CHERILYN MURER DIRECTOR 1.00 0.00 X 0 0 0 ISABELLE VONDRA PART YEAR STUDENT DIRECTOR 1.00 0.00 X 0 0 0 GRANT GORAL STUDENT DIRECTOR 1.00 0.00 X 0 0 0 YOUSUF KHAN STUDENT DIRECTOR 1.00 0.00 X 0 0 0 LEANNE MURPHY DIRECTOR 1.00 0.00 X 0 0 0 MIKE PAULL DIRECTOR 1.00 0.00 X 0 0 0 SANKAT PATEL DIRECTOR 1.00 0.00 X 0 0 0 HARLAN TELLER DIRECTOR 1.00 0.00 X 0 0 0 CATHERINE SQUIRES PRESIDENT AND CEO, SECRETARY 40.00 0.00 X 0 301940 52683 JEAN GODLEWSKI DIRECTOR OF FINANCE 40.00 0.00 X 0 141522 38319 KYM KOWALSKI CONTROLLER 40.00 0.00 X 0 127773 44791 KATE QUINN SECRETARY 40.00 0.00 X 0 88913 29914 REYNALDO BUSTINZA KEY EMPLOYEE 40.00 0.00 X 0 179227 33646 RAYMOND LOWELL JACKSON KEY EMPLOYEE 40.00 0.00 X 0 179227 40287 MICHAEL C ADZOVIC HIGHEST COMPENSATED EMPLOYEE 40.00 0.00 X 0 124863 44278 KRISTIN CLARK MILLER HIGHEST COMPENSATED EMPLOYEE 40.00 0.00 X 0 137409 12605 SCOTT GLUCK HIGHEST COMPENSATED EMPLOYEE 40.00 0.00 X 0 125337 43101 ELIZABETH ANNE MCKEE HIGHEST COMPENSATED EMPLOYEE 40.00 0.00 X 0 121270 35743 TIMOTHY M WEBSTER HIGHEST COMPENSATED EMPLOYEE 40.00 0.00 X 0 108418 41758 0 1635899 417125 0 0 1 0 BRAVEN INC 100 N LASALLE ST STE 310 CHICAGO IL 60602 YOUTH DEVELOPMENT PROGRAM 395500 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 79540 TOWER/RADIO STATION 278859 SNAVELY ASSOCIATES LTD 115 MEADOWSWEET DR PO BOX 1139 STATE COLLEGE PA 168041139 CAMPAIGN SUPPORT 171576 EVER TRUE INC 330 CONGRESS ST FL 2 BOSTON MA 02210 CONSULTANT/SOFTWARE 150000 FUND EVALUATION GROUP LLC PO BOX 639176 CINCINNATI OH 45263 INVESTMENT MANAGEMENT 133439 8 20515 15577851 286798 15598366 SERVICE CONTRACT 900099 743864 743864 TRAVEL REVENUE 900099 720821 706759 14062 EVENT REVENUE 900099 225563 225563 QUID PRO QUO ON GIFTS 900099 112608 112608 1802856 3673127 11268 3661859 38469 38469 1905 0 1905 1905 1905 3017241 0 3017241 3017241 3017241 6440 20515 7133 -693 -693 COMMISSION REVENUE 900099 73886 73886 AFFINITY PROGRAMS 900099 63240 63240 137126 24268397 1788794 88570 6792667 X 4245964 4245964 2829384 2829384 118354 250 114776 3328 46786 46786 348114 348114 654069 136561 113207 404301 48613 24508 17814 6291 547429 118554 151731 277144 849360 720478 22274 106608 399209 289936 69340 39933 629068 629068 81772 81772 FDN SUPPORT FOR SERVICE 2019334 196994 722961 1099379 OTHER EXPENSES 200129 188089 10893 1147 EQUIPMENT & MAINTENANCE 117058 45388 62829 8841 TAXES 1388 1057 331 13136031 9426231 1762497 1947303 5216123 5391765 4374267 4644441 33140 0 311309 356444 29278581 7882588 21562394 21395993 114739702 130838876 22849199 22271201 0 0 20578 25571 169106712 184924291 547487 524138 13182754 14814437 13730241 15338575 X 36304413 38660998 119072058 130924718 155376471 169585716 169106712 184924291 11132366 3076879 0 X X 0 1 X 1 0 X 8702478 6467096 14763497 19050901 15604806 64588778 8702478 6467096 14763497 19050901 15604806 64588778 1632290 62956488 2928583 2637932 2185661 3063825 3713501 14529502 283475 685372 968847 402035 324948 190613 234824 137126 1289546 81376673 6151815 0.77360 0.78820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 5448 0 0 5448 0 17254 146802 X 0 88825259 4616140 6716322 3234078 1278977 95644666 97881780 1365721 -6345157 2687888 1389197 88825259 69766415 8560432 23828269 3107531 1165805 97881780 75625792 1485221 -3574175 2680886 1089537 69766415 74397979 1923887 2868776 2459421 1105429 75625792 0.05750 0.68330 0.25920 0 0 3861333 3861333 24675715 7766062 16909653 186249 116526 69723 555284 555284 21395993 LIMITED PARTNERSHIPS 22271201 F 22271201 DUE TO NIU 2028657 TRAVEL DEPOSITS 54000 NIU ENDOWMENT AND GIFT ACCOUNTS 12016706 ANNUITY LIABILITY 715074 14814437 30994920 3076879 3989305 8453 7074637 23920283 348114 348114 24268397 16792483 3989305 15261 4004566 12787917 348114 348114 13136031 PART III, LINE 4: COLLECTIONS INCLUDE A ONE ROOM SCHOOL MUSEUM TO PROVIDE CULTURE AT THE UNIVERSITY. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT NORTHERN ILLINOIS UNIVERSITY AND ITS MISSION TO ADVANCE EXCELLENCE AND TRANSFORM LIVES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENESE 7,133. NIU REAL ESTATE FOUNDATION INCOME 1,320. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 7,133. NIU REAL ESTATE FOUNDATION EXPENSES 8,128. CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS N/A 10166975 0 0 0 0 0 0 10166975 0 10166975 1 0 0 1 0 0 PART III ACCOUNTING METHOD: VICTOR E BALL 26955 20515 6440 1410 5550 173 26955 20515 6440 1410 5550 173 7133 -693 1 NORTHERN ILLINOIS UNIVERSITY 1515 W LINCOLN HIGHWAY DEKALB IL 60015 366008480 PUBLIC UNIVERSITY 3836305 409659 BOOK EQUIPMENT TO PROVIDE GRANTS TO NORTHERN ILLINOIS UNIVERSITY SCHOLARSHIPS, FELLOWSHIPS & AWARDS 1969 2829384 FMV PART I, LINE 2: RECORDS ARE MAINTAINED THROUGH ACCOUNTING SYSTEM SHARED WITH THE RECIPIENT, NORTHERN ILLINOIS UNIVERSITY. 0 0 0 0 0 0 0 0 0 CATHERINE SQUIRES PRESIDENT AND CEO, SECRETARY 0 301940 0 0 0 0 0 23022 0 29661 0 354623 0 0 RAYMOND LOWELL JACKSON KEY EMPLOYEE 0 179227 0 0 0 0 0 13516 0 26771 0 219514 0 0 REYNALDO BUSTINZA KEY EMPLOYEE 0 179227 0 0 0 0 0 13519 0 20127 0 212873 0 0 JEAN GODLEWSKI DIRECTOR OF FINANCE 0 141522 0 0 0 0 0 17669 0 20650 0 179841 0 0 KYM KOWALSKI CONTROLLER 0 127773 0 0 0 0 0 14913 0 29878 0 172564 0 0 MICHAEL C ADZOVIC HIGHEST COMPENSATED EMPLOYEE 0 124863 0 0 0 0 0 9382 0 34896 0 169141 0 0 SCOTT GLUCK HIGHEST COMPENSATED EMPLOYEE 0 125337 0 0 0 0 0 10643 0 32458 0 168438 0 0 ELIZABETH ANNE MCKEE HIGHEST COMPENSATED EMPLOYEE 0 121270 0 0 0 0 0 9107 0 26636 0 157013 0 0 TIMOTHY M WEBSTER HIGHEST COMPENSATED EMPLOYEE 0 108418 0 0 0 0 0 13378 0 28380 0 150176 0 0 KRISTIN CLARK MILLER HIGHEST COMPENSATED EMPLOYEE 0 137409 0 0 0 0 0 10340 0 2265 0 150014 0 0 PART I, LINE 3 THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY THE UNIVERSITY AND THE NIU FOUNDATION REIMBURSES THE UNIVERSITY. NIU MAINTAINS A REGULAR COMPENSATION PROCESS FOR THE FOUNDATION PRESIDENT, WHICH INCLUDES THE USE OF COMPARABLE DATA. IN CONSULTATION WITH THE UNIVERSITY PRESIDENT AND IN ACCORDANCE WITH UNIVERSITY POLICIES AND PRACTICE, THE COMPENSATION COMMITTEE RECOMMENDS APPROPRIATE COMPENSATION LEVELS FOR THE NIU FOUNDATION PRESIDENT AND CEO TO THE BOARD FOR APPROVAL. X 7 15567 FMV X 1 1687 FMV X 3 104106 FMV X EQUIPMENT 8 131411 FMV X AUTO 1 17328 FMV X REPAIRS 3 11965 FMV X FURNITURE & OTHER 1 4735 FMV 0 1 0 PART III LINE 4A NARRATIVE CONTINUATION WHO WE ARE THE NIU FOUNDATION IS A NOT-FOR-PROFIT ENTITY THAT ENGAGES FRIENDS AND ALUMNI AND SECURES AND MANAGES GIFTS IN SUPPORT OF NORTHERN ILLINOIS UNIVERSITY. CREATING LIFE-CHANGING OPPORTUNITIES FOR OUR HARDWORKING, DEDICATED STUDENTS AND FACULTY IS THE NIU FOUNDATION'S HIGHEST PRIORITY. EACH YEAR, THOUSANDS OF ALUMNI AND DONORS JOIN US IN THIS ENDEAVOR. CONNECTING OUR ALUMNI NIU HAS A FIERCELY PROUD ALUMNI BASE OF MORE THAN 250,000 HUSKIES. THEY BOAST ACCOMPLISHED CAREERS IN A DIVERSE ARRAY OF PROFESSIONS AND PRIMARILY RESIDE IN THE NORTHERN ILLINOIS REGION. THESE GRADUATES CREATE DYNAMIC PROFESSIONAL NETWORKS FOR STUDENTS AND FACULTY AND PROVIDE ECONOMIC VITALITY TO THE REGION AND STATE. ALUMNI ALSO REPRESENT A VAST PIPELINE OF SUPPORT FOR THE UNIVERSITY. IN FY23, THE NIU FOUNDATION HOSTED MORE THAN 110 ENGAGEMENT EVENTS ALLOWING ALUMNI AND DONORS TO CONNECT WITH NIU, EACH OTHER, AND THE STUDENTS WHO BENEFIT FROM THEIR SUPPORT. THESE EVENTS ALSO PROVIDE VALUABLE OPPORTUNITIES TO MEET WITH NIU PRESIDENT LISA C. FREEMAN AND OTHER KEY UNIVERSITY LEADERS TO LEARN MORE ABOUT THE UNIVERSITY'S VISION AND STRATEGIC DIRECTION. IN FY23, 2,742 PEOPLE ATTENDED THESE EVENTS, 569 OF WHOM WERE FIRST-TIME EVENT ATTENDEES. FUNDING THE FUTURE THE FOUNDATION MEASURES THE PRODUCTIVITY OF ITS FUNDRAISING EFFORTS ACROSS ALL AREAS OF THE UNIVERSITY THROUGH "NEW GIFTS AND COMMITMENTS," WHICH INCLUDE GIFTS OF CASH, GIFTS-IN-KIND, PLEDGES, UNREALIZED BEQUESTS, AND OTHER PLANNED GIFT COMMITMENTS. IN FY23, DONORS PROVIDED $23.4M IN NEW GIFTS AND COMMITMENTS. THIS NUMBER INCLUDES DONATIONS MADE THROUGH OUR HIGHLY SUCCESSFUL VIRTUAL GIVING CAMPAIGN, HUSKIES UNITED, WHICH BROUGHT IN $2.6M. SCHOLARSHIPS: THE PATH FOR SOCIAL MOBILITY ACCORDING TO A REPORT FROM THE BROOKINGS INSTITUTION, NIU WAS AMONG A SELECT GROUP OF THE NATION'S PUBLIC UNIVERSITIES CITED FOR SIMULTANEOUSLY PRODUCING IMPORTANT RESEARCH WHILE ALSO ENHANCING THE SOCIAL MOBILITY OF ITS STUDENTS FROM LOW-INCOME HOUSEHOLDS: THE TWO MOST CELEBRATED PURPOSES OF THE AMERICAN PUBLIC UNIVERSITY SYSTEM. IN FACT, NIU RECEIVED THE HIGHEST RANK OF ALL PUBLIC UNIVERSITIES IN THE STATE OF ILLINOIS. THE FALL 2023 FRESHMAN CLASS AT NORTHERN ILLINOIS UNIVERSITY CONTINUES TO DEMONSTRATE THAT HIGH-ACHIEVING STUDENTS FROM A VARIETY OF BACKGROUNDS HAVE FOUND NIU TO BE THEIR UNIVERSITY OF CHOICE. THE FALL 2023 INCOMING CLASS IS HIGHLY DIVERSE AND INCLUDES AN INCREASED NUMBER OF NEW TRANSFER STUDENTS OVER LAST. HUSKIES ARE AGAIN RE-ENROLLING FROM YEAR TO YEAR AT PRE-PANDEMIC LEVELS, AND MORE STUDENTS ARE CHOOSING TO LIVE ON CAMPUS. THESE NEW HUSKIES ARE ACADEMICALLY ACCOMPLISHED. ACCORDING TO THE OFFICIAL 10-DAY COUNT IN SEPTEMBER 2023, TOTAL FRESHMAN ENROLLMENT WAS 2,202. THESE NEWLY ARRIVED SCHOLARS CAME TO NIU HAVING EARNED AN AVERAGE HIGH SCHOOL GPA OF 3.42, THE SECOND CONSECUTIVE YEAR THAT THE INCOMING FRESHMAN CLASS HAS SET THIS RECORD. THE DEMOGRAPHICS OF THE INCOMING STUDENTS REMAIN REFLECTIVE OF NIU'S PUBLIC MISSION. THEY ARE AN ECONOMICALLY, SOCIALLY AND RACIALLY DIVERSE GROUP OF LEARNERS, WITH 57% FIRST-GENERATION COLLEGE STUDENTS AND 70% STUDENTS OF COLOR. NIU'S AIM HIGH HUSKIE PLEDGE PROGRAM, FUNDED BY THE STATE OF ILLINOIS, CONTINUES TO ENSURE THAT QUALIFYING ILLINOIS STUDENTS FROM LOWER-INCOME HOUSEHOLDS CAN ATTEND COLLEGE WITH NO TUITION OR GENERAL FEES FOR THEIR FIRST YEAR, AND POTENTIALLY BEYOND. THIS FALL, 866 INCOMING STUDENTS WERE ELIGIBLE AND DID NOT HAVE TO PAY OUT-OF-POCKET EXPENSES FOR TUITION AND GENERAL FEES. FURTHER, NIU EXPERIENCED AN ENROLLMENT INCREASE IN NEW TRANSFER STUDENTS THIS FALL OF 6% OVER A YEAR AGO TO 1,325 STUDENTS. FOR THE FIRST TIME IN NIU'S HISTORY, LATINX STUDENTS REPRESENT 25% OF THE TOTAL UNDERGRADUATE POPULATION. THIS SIGNIFICANT ACHIEVEMENT PLACES THE INSTITUTION ON A TRAJECTORY TO BE FULLY DESIGNATED AS A HISPANIC-SERVING INSTITUTION (HSI). SCHOLARSHIPS PLAY AN IMPORTANT ROLE IN MAKING A COLLEGE EDUCATION A REALITY FOR ALL NIU STUDENTS. THIS SUPPORT HAS ALSO PROVEN KEY TO PERSISTENCE, HELPING STUDENTS BECOME PROUD HUSKIE ALUMNI. IN FACT, NINE OUT OF 10 STUDENTS WHO RECEIVE NIU FOUNDATION SCHOLARSHIPS GRADUATE. IN FY23, THE NIU FOUNDATION PROVIDED MORE THAN $2.8M TO STUDENTS FOR SCHOLARSHIPS AND AID. COMMITTED TO OUR VALUES EQUITY, INCLUSION, AND BELONGING NIU IS COMMITTED TO DOING THE WORK NECESSARY TO ADDRESS SYSTEMIC INEQUITIES AND FOSTER A MORE INCLUSIVE CAMPUS CULTURE WHERE EVERY HUSKIE FEELS VALUED AND HAS THE OPPORTUNITY TO THRIVE. NIU HAS TAKEN MANY STEPS TO STRENGTHEN ITS COMMITMENT TO DIVERSITY, EQUITY, INCLUSION AND SOCIAL JUSTICE, EFFORTS THAT HAVE EARNED THE UNIVERSITY RECOGNITION AS A NATIONAL LEADER IN THESE AREAS. NIU WAS AMONG A SELECT GROUP OF INSTITUTIONS RECEIVING THE HIGHER EDUCATION EXCELLENCE IN DIVERSITY (HEED) AWARD FROM INSIGHT INTO DIVERSITY MAGAZINE, THE OLDEST AND LARGEST DIVERSITY-FOCUSED PUBLICATION IN HIGHER EDUCATION. IN ADDITION, THE ASSOCIATION OF AMERICAN COLLEGES AND UNIVERSITIES (AAC&U) SELECTED NIU TO HOST A TRUTH, RACIAL HEALING, AND TRANSFORMATION (TRHT) CENTER. NIU IS ONE OF ONLY 49 SUCH CENTERS NATIONWIDE. SUSTAINABILITY AS ONE OF THE LARGEST STATE UNIVERSITIES IN ILLINOIS, NIU HAS COMMITTED TO A HEALTHY, SUSTAINABLE FUTURE FOR OUR STUDENTS AND COMMUNITY. WE STRIVE TO INTEGRATE SUSTAINABILITY INTO EDUCATIONAL OPPORTUNITIES, RESEARCH, AND CAMPUS OPERATIONS, AS WELL AS TO SERVE AS A MODEL TO THE BROADER NORTHERN ILLINOIS COMMUNITY. WE APPROACH CAMPUS SUSTAINABILITY IN AN INCLUSIVE WAY, AS FINDING SOLUTIONS TO COMPLEX CHALLENGES LIKE CLIMATE CHANGE REQUIRES STRATEGIES THAT ARE ENVIRONMENTALLY SOUND, SOCIALLY JUST AND ECONOMICALLY VIABLE. WHEN PRESIDENT LISA C. FREEMAN SIGNED THE SECOND NATURE CARBON COMMITMENT IN 2022, IT CEMENTED NIU'S DEDICATION TO CLIMATE ACTION AND SET IN MOTION A PLANNING PROCESS TO INCORPORATE SUSTAINABILITY INTO ALL OF CAMPUS LIFE AND DECISIONS. THE PRESIDENTIAL SUSTAINABILITY AND CLIMATE ACTION PLANNING (SCAP) TASKFORCE HAS DEVELOPED A DRAFT OF AN EXCITING, COMPREHENSIVE, ACTIONABLE PLAN THAT WILL SERVE AS A ROADMAP FOR ITS SUSTAINABILITY EFFORTS IN THE FUTURE. FACULTY WHO TEACH AND DO NIU'S NATIONALLY AND INTERNATIONALLY RECOGNIZED FACULTY ARE DEDICATED TO ADVANCING THEIR ACADEMIC DISCIPLINES, WORKING BEYOND TRADITIONAL BOUNDARIES, AND CREATING SUSTAINABLE SOLUTIONS TO COMPLEX SOCIETAL PROBLEMS. ADVANCING TRANSDISCIPLINARY SCHOLARSHIP IS ESSENTIAL TO PREPARING STUDENTS FOR A CENTURY OF CHANGE. THE UNIVERSITY'S PLAN FOR THE NORTHERN ILLINOIS CENTER FOR COMMUNITY SUSTAINABILITY, COMMONLY REFERRED TO AS NICCS, IS AN EXCELLENT EXAMPLE. NICCS ADDRESSES THE CHALLENGES OF ENVIRONMENTAL CHANGE, SHIFTING DEMOGRAPHICS AND SOCIOPOLITICAL INEQUITY IMPACTING OUR REGION AND THE WORLD, AND CONNECTS RESEARCH AND INNOVATION TO ADVANCE SUSTAINABILITY IN FOOD SYSTEMS, WATER RESOURCES AND ENVIRONMENTAL ADAPTATION WHILE ALSO PROMOTING SCIENCE-BASED POLICIES AND PRACTICES FOR COMMUNITIES. NICCS IS A HUB IN THE ILLINOIS INNOVATION NETWORK. THE NETWORK CONNECTS ILLINOIS PUBLIC UNIVERSITIES AND SUPPORTS COLLABORATION TO DRIVE INCLUSIVE INNOVATION, EQUITABLE WORKFORCE DEVELOPMENT, AND SUSTAINABLE ECONOMIC GROWTH THROUGHOUT OUR STATE. NIU FACULTY ARE ALSO CONDUCTING CUTTING-EDGE, TRANSDISCIPLINARY RESEARCH IN RELATIVELY NEW FIELDS SUCH AS URBAN-REGIONAL MODELING, DISASTER ATTRIBUTION, CONTROLLED ENVIRONMENT AGRICULTURE, PRAIRIE RESTORATION AND FOREVER CHEMICALS. MOREOVER, WE ARE FORGING TIES BETWEEN THE UNIVERSITY, COMMUNITY, GOVERNMENT AND BUSINESSES, WITH PROJECTS UNDERWAY BETWEEN NIU AND THE U.S. GEOLOGICAL SURVEY, ARGONNE NATIONAL LABORATORY, THE DEKALB COUNTY COMMUNITY GARDENS, THE UNIVERSITY OF ILLINOIS, AND SOUTHERN ILLINOIS UNIVERSITY. THESE AND MYRIAD OTHER PROJECTS PROVIDE THE OPPORTUNITY FOR STUDENTS TO PARTICIPATE IN CUTTING-EDGE RESEARCH ALONGSIDE FACULTY WHO ARE LEADERS IN THEIR FIELDS. THESE OPPORTUNITIES ARE A HALLMARK OF THE UNDERGRADUATE EXPERIENCE AT NIU. PRIVATE DONATIONS HELP MAKE THESE EXPERIENCES POSSIBLE BY SUPPORTING INITIATIVES LIKE RESEARCH ROOKIES, A PROGRAM THAT LINKS FIRST-YEAR AND SOPHOMORE STUDENTS WITH FACULTY MENTORS IN THEIR AREAS OF INTEREST TO CONDUCT SMALL SCALE RESEARCH PROJECTS. EVIDENCE STRONGLY INDICATES THAT STUDENT RESEARCH PARTICIPATION INCREASES RETENTION AND BOLSTERS JOB AND GRADUATE SCHOOL OPPORTUNITIES. IN FY23, THE NIU FOUNDATION SUPPLIED NEARLY $6.9M TO SUPPORT CAMPUS DEPARTMENTS, PROGRAMS AND PROFESSORSHIPS. FORM 990, PART V, LINE 2A THE FOUNDATION DID NOT COMPENSATE THE INDIVIDUALS LISTED IN PART VII. NIU, AN ORGANIZATION THAT DOES NOT MEET THE RELATED ORGANIZATION REQUIREMENTS OF THE FORM 990 INSTRUCTIONS, PAYS THE INDIVIDUALS AND ISSUES THEIR W-2S. FORM 990, PART VI, SECTION A, LINE 2 CYNTHIA CROCKER AND JEFFREY LIESENDAHL PERSONALLY USE THE SERVICES OF SAVANT CAPITAL, FOR WHICH BOARD MEMBER BRENT BRODESKI SERVES AS THE CEO. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS ADOPTED THE PRACTICE THAT THE AUDIT COMMITTEE, THE PRESIDENT/CEO, DIRECTOR OF FINANCE AND STRATEGIC PRIORITIES AND CONTROLLER REVIEW THE FORM 990. THE BOARD MEMBERS ARE THEN PROVIDED A COPY OF THE FORM 990 BEFORE IT IS FILED. IT IS REVIEWED AT THE BOARD MEETING PRIOR TO FILING. IN ADDITION, THE AUDIT COMMITTEE OFFERS AN AUDIT AND 990 WORKSHOP TO ALL BOARD MEMBERS TO GET A DEEPER UNDERSTANDING OF THE AUDIT AND TAX FILINGS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, BOARD MEMBERS AND KEY EMPLOYEES ARE GIVEN A COPY THE CONFLICT OF INTEREST POLICY. THEY ARE ALSO REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE REPORT. THE AUDIT COMMITTEE REVIEWS THE CONFLICT OF INTEREST REPORTS ANNUALLY. POTENTIAL CONFLICTS ARE SHARED WITH THE BOARD CHAIR AND ALL COMMITTEE CHAIR MEMBERS RECUSE THEMSELVES FROM DISCUSSIONS AND VOTES ON RELATED MATTERS. AT THE BEGINNING OF EACH BOARD MEETING THE BOARD CHAIR CALLS FOR ANY CONFLICTS ON AGENDA ITEMS TO BE DISCLOSED. POTENTIAL CONFLICTS ARE SHARED AND BOARD MEMBER RECUSES THEMSELVES FROM DISCUSSIONS AND VOTES ON RELATED MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY THE UNIVERSITY AND THE NIU FOUNDATION REIMBURSES THE UNIVERSITY. NIU MAINTAINS A REGULAR COMPENSATION PROCESS FOR THE FOUNDATION PRESIDENT, WHICH INCLUDES THE USE OF COMPARABLE DATA. IN CONSULTATION WITH THE UNIVERSITY PRESIDENT AND IN ACCORDANCE WITH UNIVERSITY POLICIES AND PRACTICE, THE COMPENSATION COMMITTEE RECOMMENDS APPROPRIATE COMPENSATION LEVELS FOR THE NIU FOUNDATION PRESIDENT AND CEO TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, LINE 1A THE FOUNDATION AND UNIVERSITY DO NOT MEET THE DEFINITION OF RELATED ORGANIZATIONS AS DEFINED IN THE INSTRUCTIONS TO THE FORM 990. THE UNIVERSITY PAYS THE INDIVIDUALS LISTED IN PART VII. DUE TO THE SIGNIFICANCE OF THE RELATIONSHIP, THE FOUNDATION CHOOSES TO REPORT THE RELATIONSHIP. FORM 990, PART IX, LINES 5 AND 7 THE FOUNDATION DID NOT COMPENSATE INDIVIDUALS. NIU, AN ORGANIZATION THAT DOES NOT MEET THE RELATED ORGANIZATION REQUIREMENTS OF THE FORM 990 INSTRUCTIONS, PAYS THE INDIVIDUALS. BECAUSE OF THIS, THE SALARIES OF THE INDIVIDUALS ARE SHOWN AS OTHER FEES FOR SERVICES. PART IX; STATEMENT OF FUNCTIONAL EXPENSE NORTHERN ILLINOIS UNIVERSITY PROVIDES IN-KIND SERVICE CONTRIBUTIONS WHICH ARE REFLECTED IN THE AUDITED FINANCIAL STATEMENTS BUT ARE NOT RECOGNIZED FOR TAX REPORTING PURPOSES. THE AMOUNT OF IN-KIND SERVICE CONTRIBUTIONS FOR FISCAL YEAR 2023 IS $3,989,305. THIS IS INCLUDED AS A RECONCILING ITEM ON SCHEDULE D. PART III LINE 4A NARRATIVE CONTINUATION CAPITAL PROJECTS OVER THE PAST 20 YEARS, NIU DONORS HAVE LITERALLY CHANGED THE LANDSCAPE OF THE UNIVERSITY BY PROVIDING STATE-OF-THE-ART FACILITIES THAT SIMPLY WOULD NOT EXIST WITHOUT PRIVATE SUPPORT. CAMPUS LANDMARKS SUCH AS BARSEMA HALL, THE BARSEMA ALUMNI AND VISITORS CENTER, THE YORDON CENTER, AND THE KENNETH AND ELLEN CHESSICK PRACTICE FACILITY WERE MADE POSSIBLE THROUGH THE GENEROSITY OF DONORS. IN FY23 MORE THAN $400K WAS SPENT ON BUILDING PROJECTS AND EQUIPMENT TO ENHANCE THE LEARNING AND LIVING ENVIRONMENT AT NIU INVESTING FOR THE FUTURE THE NIU FOUNDATION ENDOWMENT PROVIDES A STRATEGIC BASE OF FUNDING TO SUSTAIN EXCELLENCE AT NIU. AS OF JUNE 30, 2022, THE NIU FOUNDATION HELD NET ASSETS OF $155.5M, $89.7M OF WHICH WERE ENDOWMENT. THE NIU FOUNDATION ENDOWMENT FUND IS OVERSEEN BY MEMBERS OF THE NIU FOUNDATION BOARD OF DIRECTORS, ALL OF WHOM ARE GENEROUS DONORS THEMSELVES. THE BOARD'S INVESTMENT COMMITTEE CONDUCTS A THOROUGH PROCESS TO SELECT AND ENGAGE AN INDEPENDENT INVESTMENT CONSULTANT AND TO SET AND EXECUTE INVESTMENT POLICY AIMED TO ATTAIN THE HIGHEST POSSIBLE TOTAL RATE OF RETURN, COMMENSURATE WITH AN APPROPRIATE DEGREE OF RISK; PROVIDE GROWTH OF THE MARKET VALUE OF THE ENDOWMENT'S PRINCIPAL TO PROTECT AGAINST INFLATION; AND GENERATE CASH FLOW TO FUND SCHOLARSHIPS AND OTHER PRIORITIES. ANOTHER IMPORTANT INVESTMENT MADE BY THE NIU FOUNDATION IS IN THE CREATION OF OPPORTUNITIES FOR STUDENTS TO BE INVOLVED IN THE LIFE OF OUR WORK. THE NIU FOUNDATION BOARD OF DIRECTORS HAS TWO ACTIVE, VOTING MEMBERS FROM THE STUDENT BODY WHOSE INPUT IS HIGHLY SOUGHT AND VALUED, AND DOZENS OF STUDENTS GAIN VALUABLE EXPERIENCE WORKING IN THE FOUNDATION'S VARIOUS DEPARTMENTS FROM ALUMNI RELATIONS, ACCOUNTING, COMMUNICATIONS, AND DONOR RELATIONS. IN ADDITION, THE FOUNDATION SPONSORS A STUDENT-MANAGED PORTFOLIO PROGRAM IN PARTNERSHIP WITH OUR NATIONALLY RANKED COLLEGE OF BUSINESS THAT PROVIDES STUDENT ANALYSTS REAL-WORLD EXPERIENCE IN INVESTMENT AND PORTFOLIO MANAGEMENT. STUDENTS MEET WEEKLY TO MANAGE A PORTION OF THE NIU FOUNDATION PORTFOLIO. THEIR RESULTS ARE OUTSTANDING AS EVIDENCED IN THEIR YEAR-OVER-YEAR PERFORMANCE. STUDENTS PROVIDE PRESENTATIONS TO THE NIU FOUNDATION BOARD OF DIRECTORS, EXPERIENCES THAT ARE PIVOTAL TO THEIR CAREER DEVELOPMENT. EMPLOYERS REPORT THAT THESE STUDENTS ARE PREPARED TO WORK QUICKLY IN THE REAL WORLD AND HIGHLY VALUED. THE FUTURE LOOKS BRIGHT A UNIVERSITY WITH THE ENERGY AND MOMENTUM OF NIU REQUIRES AN EVER-INCREASING LEVEL OF SUPPORT. IN ANTICIPATION OF THESE NEEDS, THE NIU FOUNDATION IS CURRENTLY PLANNING FOR A COMPREHENSIVE CAMPAIGN TO ENSURE THAT POSITIVE ENERGY, AND LIFE-CHANGING MOMENTUM CONTINUE FOR GENERATIONS OF HARDWORKING, DEDICATED HUSKIES. THE ENGAGEMENT AND SUPPORT OF NIU DONORS AND ALUMNI ARE ALWAYS INVALUABLE, BUT EVEN MORE SO AS THE NIU FOUNDATION NEARS LAUNCHING NIU'S MOST ASPIRATIONAL MULTIYEAR COMPREHENSIVE FUNDRAISING CAMPAIGN. THROUGH A UNITED EFFORT AND A VISIONARY PLAN FOR THE FUTURE, OUR ABILITY TO MEET THE NEEDS OF OUR STUDENTS AND SOCIETY'S CHALLENGES WILL BE ENHANCED AND ENERGIZED DUE TO THE CONTINUED GENEROSITY OF OUR ALUMNI AND DONORS. ALUMNI ASSOCIATION TRAVEL PROGRAM LLC 595 COLLEGE AVENUE ALTGLD HALL 135 DEKALB IL 60115 853230744 ALUMNI TRAVEL PROGRAM IL 721248 183674 NORTHERN ILLINOIS UNIVERSITY FOUNDATION NORTHERN ILLINOIS UNIVERSITY 1515 W LINCOLN HIGHWAY DEKALB IL 60015 366008480 PUBLIC UNI. IL GOVT 0 NIU REAL ESTATE FOUNDATION 595 COLLEGE AVENUE ALTGLD HALL 135 DEKALB IL 60015 842917334 REAL ESTATE HOLDING IL 501(C)(3) LINE 12A, I NORTHERN ILLINOIS UNIVERSITY FOUNDATION 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 0 SCHEDULE R, PART II THE UNIVERSITY DOES NOT MEET THE DEFINITION OF RELATED ORGANIZATION AS DEFINED IN THE INSTRUCTIONS TO THE FORM 990. THE UNIVERSITY PAYS THE INDIVIDUALS LISTED IN FORM 990 PART VII AND THEREFORE THE FOUNDATION HAS LISTED THE UNIVERSITY AS A RELATED ORGANIZATION FOR PURPOSES OF REPORTING THIS COMPENSATION. SCHEDULE R, PART II, COLUMN B EDUCATIONAL, RELATIONSHIP BUILDING, AND CHARITABLE ASSOCIATION