2024-05-07T08:18:18-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2022-07-01 382376475 NORTHWESTERN MICHIGAN COLLEGE FOUNDATION NORT 2319951144 1701 E FRONT ST TRAVERSE CITY MI 49686 TROY KIERCZYNSKI VP OF FINANCE & ADMINSTRATION 2319951144 2024-05-02 1 TROY KIERCZYNSKI 999009999 0 AMY CIMINELLO P00796388 2695674500 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TROY KIERCZYNSKI 1701 E FRONT ST TRAVERSE CITY MI 49686 8367579 0 X WWW.NMC.EDU/FOUNDATION X 1981 MI TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE. 34 28 0 100 0 0 3614449 2975794 0 0 1377441 1029310 -859 20821 4991031 4025925 3982552 4298421 0 0 655104 506818 0 0 506818 127912 168326 4765568 4973565 225463 -947640 57776969 59377334 3266653 1849231 54510316 57528103 TO ASSIST NORTHWESTERN MICHIGAN COLLEGE TO REALIZE ITS MISSION AND VISION BY SECURING NEW RESOURCES, MAXIMIZING RETURN ON EXISTING RESOURCES, ACTING AS AMBASSADORS TO THE COMMUNITY, COMPLEMENTING AND RESOURCING THE WORK OF THE COLLEGE'S TRUSTEES IN SHAPING NMC'S FUTURE. 0 0 4298421 4298421 0 SCHOLARSHIPS, AWARDS & PROGRAMS: THE FOUNDATION ALLOCATES FUNDS TO NORTHWESTERN MICHIGAN COLLEGE FOR THE PURPOSE OF AWARDING SCHOLARSHIPS, AND TRANSFERS RESTRICTED CONTRIBUTIONS TO THE DESIGNATED DEPARTMENT OR PROGRAM. 4298421 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 28 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X PAUL SCHOPPE 2319951144 1701 EAST FRONT STREET TRAVERSE CITY MI 49686 NICHOLAS NISSLEY SECOND VICE-CHAIR 8.00 36.00 X X 0 228077 47883 CHERYL M BLOOMQUIST NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 97706 44258 LINDA BERLIN NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 103373 23139 STEVEN H RICE NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 92602 31732 REBECCA TEAHEN EXECUTIVE DIRECTOR - PART YEAR 36.00 8.00 X X 0 83754 28241 JENNIFER HRICIK INTERIM EXECUTIVE DIRECTOR 36.00 8.00 X X 0 57902 14947 JAYNE H MOHR CHAIR 3.00 0.00 X X 0 0 0 PATRICIA A WARNER FIRST VICE-CHAIR 3.00 0.00 X X 0 0 0 STEPHEN M FISHER TREASURER 3.00 0.00 X X 0 0 0 DEBRA J EDSON SECRETARY 3.00 0.00 X X 0 0 0 SUZANNE ALLEN BOARD MEMBER 1.00 0.00 X 0 0 0 LORRAINE BEERS BOARD MEMBER 1.00 0.00 X 0 0 0 BARABARA F BENSON BOARD MEMBER 1.00 0.00 X 0 0 0 DOUGLAS S BISHOP TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER E BRANSON BOARD MEMBER 1.00 0.00 X 0 0 0 BRUCE L BYL BOARD MEMBER 1.00 0.00 X 0 0 0 J KERMIT CAMPBELL BOARD MEMBER 1.00 0.00 X 0 0 0 DONALD M COE BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM R DONBERG BOARD MEMBER 1.00 0.00 X 0 0 0 FRANCIS J GINGRAS BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER M LAMB BOARD MEMBER 1.00 0.00 X 0 0 0 ELEANOR E LYNN BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM F MARSH BOARD MEMBER 1.00 0.00 X 0 0 0 DIANA MILOCK BOARD MEMBER 1.00 0.00 X 0 0 0 LAURA J OBLINGER TRUSTEE 1.00 0.00 X 0 0 0 MARTHA A OLESON BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN K SHELDON BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID M SHOOLTZ BOARD MEMBER 1.00 0.00 X 0 0 0 KENNARD R WEAVER TRUSTEE 1.00 0.00 X 0 0 0 JAMES R WEIGAND BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY F YOUNG BOARD MEMBER 1.00 0.00 X 0 0 0 ALAN J ZELINSKI BOARD MEMBER 1.00 0.00 X 0 0 0 NANCY B ZIMMER BOARD MEMBER 1.00 0.00 X 0 0 0 SARAH SERGENT NMC STUDENT REPRESENTATIVE 1.00 0.00 X 0 0 0 LANDON DEHEER NMC STUDENT REPRESENTATIVE 1.00 0.00 X 0 0 0 RACHEL A JOHNSON TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 CHRISTOPHER D MILLWARD BOARD MEMBER - PART YEAR 1.00 0.00 X 0 0 0 0 663414 190200 0 0 1 0 0 119855 2855939 54077 2975794 1485984 1485984 3856517 4313191 -456674 -456674 -456674 47005 119855 26582 20423 20423 2279 1881 398 398 4025925 0 0 1050131 4298421 4298421 506818 506818 110259 110259 21112 21112 805 805 34968 34968 SALES TAX 1182 1182 4973565 4298421 168326 506818 6950728 11751823 3072640 1875494 0 350 47120478 45063228 55413 56598 577710 629841 57776969 59377334 37563 55647 2256 453 3226834 1793131 3266653 1849231 X 4318130 4320398 50192186 53207705 54510316 57528103 57776969 59377334 X -947640 4063527 -98100 X X 0 1 X 1 0 X 6805856 2507013 5527825 3614449 2975794 21430937 417828 489486 473572 394820 0 1775706 7223684 2996499 6001397 4009269 2975794 23206643 3531881 19674762 1061810 1122033 1026475 1226558 1485984 5922860 157622 73085 83950 88266 49284 452207 29581710 0.66510 0.67920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2018 AMOUNT: $ 139,627. 2019 AMOUNT: $ 62,365. 2020 AMOUNT: $ 74,540. 2021 AMOUNT: $ 76,096. 2022 AMOUNT: $ 47,005. GAMING - 2018 AMOUNT: $ 17,995. 2019 AMOUNT: $ 10,720. 2020 AMOUNT: $ 9,410. 2021 AMOUNT: $ 12,170. 2022 AMOUNT: $ 2,279. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27359669 1119022 2774997 818972 -76220 30510936 30012964 1073801 -3006510 771796 -51210 27359669 22295638 2050664 6405676 679924 59090 30012964 21993448 635588 246131 607229 -27700 22295638 20998543 666412 936161 608236 -568 21993448 0.05020 0.61220 0.33760 0 0 0 SPLIT INTEREST AGREEMENTS PAYABLE 58696 PAYABLE TO NORTHWESTERN MICHIGAN COLLEGE 1734435 1793131 7909017 4063527 27924 4091451 3817566 110259 98100 208359 4025925 4891230 27924 27924 4863306 110259 110259 4973565 PART V, LINE 4: FOUNDATION ENDOWMENT FUNDS ARE USED TO PROVIDE OPERATIONAL, PROGRAM, AND SCHOLARSHIP SUPPORT FOR NMC. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT 27,924. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 20,658. UNCOLLECTIBLE PLEDGES 77,442. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT 27,924. TASTE OF SUCCESS 155253 109823 45430 4859 21723 AUTO SHOW 11607 10032 1575 166860 119855 47005 4859 21723 26582 20423 1 NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 GOVERNMENTAL SEC 115 4251297 47124 FMV MISCELLANEOUS SUPPLIES/ITEMS FOR EDUCATIONAL ASSISTANCE TO PROVIDE AWARDS AND SUPPORT FOR VARIOUS PROGRAMS 1 0 PART I, LINE 2: GRANT REQUESTS ARE PROVIDED TO THE BOARD. APPROVAL IS GRANTED BASED ON BOARD SPENDING POLICIES AND DONOR CRITERIA. 0 0 0 0 0 0 0 0 0 NICHOLAS NISSLEY SECOND VICE-CHAIR 0 204154 0 0 0 23923 0 26229 0 21654 0 275960 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR WAS COMPENSATED BY A RELATED ORGANIZATION, AND THEREFORE NONE OF THE LINE 3 BOXES HAVE BEEN CHECKED. THE RELATED ORGANIZATION USED THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR OF THE FILING ORGANIZATION: COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X 2 2000 FMV X 6 6603 FMV X 1 100 FMV X CLASSROOM SUPPLIES 6 41555 FMV X AUCTION ITEMS 27 3469 FMV X MISCELLANEOUS 2 350 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER LISTED IN COLUMN C REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER IS NORTHWESTERN MICHIGAN COLLEGE FORM 990, PART VI, SECTION A, LINE 7A THE NORTHWESTERN MICHIGAN COLLEGE BOARD OF TRUSTEES HAS THE POWER TO ELECT INDIVIDUALS TO THE NORTHWESTERN MICHIGAN COLLEGE FOUNDATION BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B REMOVAL OF THE SECOND VICE CHAIR CAN ONLY OCCUR WITH APPROVAL OF AND ACTION BY THE NORTHWESTERN MICHIGAN COLLEGE BOARD OF TRUSTEES. REMOVAL OF THE EXECUTIVE DIRECTOR OF NORTHWESTERN MICHIGAN COLLEGE FOUNDATION CAN ONLY OCCUR WITH APPROVAL OF AND ACTION BY THE PRESIDENT OR ACTING PRESIDENT OF NORTHWESTERN MICHIGAN COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEW BY THE VP OF FINANCE, BOARD CHAIR AND BOARD TREASURER PRIOR TO FILING. THE BOARD IS PROVIDED WITH A COPY OF THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY ALONG WITH A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS MAILED EACH JANUARY TO NMC FOUNDATION BOARD MEMBERS REQUIRING THEM TO UPDATE BY THE FEBRUARY BOARD MEETING. THE DIRECTOR IS RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY. IF A CONFLICT ARISES, THE BOARD MEMBER DOES NOT VOTE ON THE PROPOSAL. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS PAID THROUGH NORTHWESTERN MICHIGAN COLLEGE AND BASED ON COLLEGE POLICIES AND PROCEDURES. THE COLLEGE COMPLETES A BENCHMARKING STUDY TO REVIEW COMPENSATION LEVELS. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2019. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND FINANCIAL STATEMENT INFORMATION IS PROVIDED TO THE PUBLIC UPON REQUEST BY THE APPROPRIATE DEPARTMENT. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -20,658. UNCOLLECTIBLE PLEDGES -77,442. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 HIGHER EDUCATION MI SECTION 115 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0