2024-10-22T13:09:17-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 1100 WALNUT STREET SUITE 3400 KANSAS CITY MO 64106 990 2023-07-01 237165025 NORTHWEST FOUNDATION INC NORT 6605621248 800 UNIVERSITY DRIVE MARYVILLE MO 64468 LORI STEINER CHIEF FINANCIAL OFFICER 6605621248 2024-10-21 1 1 HAROLD RAY P01248589 8167047310 2024-10-07 2023 2024-10-15 13:58:12Z LORI STEINER 800 UNIVERSITY DRIVE MARYVILLE MO 64468 21918342 0 X WWW.NWMISSOURI.EDU/FOUNDATION X 1971 MO DEVELOPS AND STEWARDS PHILATHROPIC RESOURCES FOR THE BENEFIT OF NWMSU AND IT'S STUDENTS. 36 36 3 36 8949 0 4675540 5368430 13224 13518 472438 3011911 47187 10199 5208389 8404058 4703630 4163837 0 0 282884 295893 0 0 302462 1151900 1355030 6138414 5814760 -930025 2589298 58192254 63143043 4086690 2805898 54105564 60337145 THE NORTHWEST FOUNDATION, INC DEVELOPS AND STEWARDS PHILANTHROPIC RESOURCES FOR THE BENEFIT OF NORTHWEST MISSSOURI STATE UNIVERSITY (NWMSU) AND ITS STUDENTS. 0 0 2764833 2764833 0 PROVIDES SUPPORT FOR NORTHWEST MISSOURI STATE UNIVERSITY PROGRAMS 1399004 1399004 0 PROVIDES FUNDING OF SCHOLARSHIPS FOR NORTHWEST MISSOURI STATE UNIVERSITY STUDENTS. THERE WERE 1,437 SCHOLARSHIPS AWARDED DURING THE YEAR. 741076 0 13518 PROVIDES SUPPORT FOR DEPARTMENTS OF THE UNIVERSITY AND SERVES AUXILIARY FUNDS INCLUDING THE ATHLETIC DEPARTMENT AND COMMUNICATIONS DEPARTMENT 4904913 1 1 0 1 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 8 0 3 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 36 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 KY MA MD MI MN NH NJ NY OH OR SC WA X X LORI STEINER CPA 6605621248 800 UNIVERSITY DRIVE MARYVILLE MO 64468 LEISHA BARRY PRESIDENT 4.00 X X 0 0 0 TED PLACE PRESIDENT ELECT 1.00 X X 0 0 0 BOB BURRELL IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 REX BROD DIRECTOR 1.00 X 0 0 0 TERRY FRENCH DIRECTOR 1.00 X 0 0 0 TONDEE LUTTERMAN DIRECTOR 1.00 X 0 0 0 SEANN O'RILEY DIRECTOR 1.00 X 0 0 0 TYLER SEALS DIRECTOR 1.00 X 0 0 0 SUSAN TUCKER DIRECTOR 1.00 X 0 0 0 DELL EPPERSON DIRECTOR 1.00 X 0 0 0 KELLY FERGUSON DIRECTOR 1.00 X 0 0 0 DANIEL PETERSON DIRECTOR 1.00 X 0 0 0 JOYCE PIVERAL DIRECTOR 1.00 X 0 0 0 DERRICK GRIFFIN DIRECTOR 1.00 X 0 0 0 BROCK PFOST DIRECTOR 1.00 X 0 0 0 GINA SMITH DIRECTOR 1.00 X 0 0 0 COREY STRIDER DIRECTOR 1.00 X 0 0 0 GARY TUNELL DIRECTOR 1.00 X 0 0 0 EMILY GREENE DIRECTOR 1.00 X 0 0 0 ABRAHAM KAOUD DIRECTOR 1.00 X 0 0 0 PAT PIJANOWSKI DIRECTOR 1.00 X 0 0 0 RICH TOKHEIM DIRECTOR 1.00 X 0 0 0 BILAL CLARANCE DIRECTOR 1.00 X 0 0 0 RODNEY EDGE DIRECTOR 1.00 X 0 0 0 RYAN HAMILTON DIRECTOR 1.00 X 0 0 0 BRIAN HESSE DIRECTOR 1.00 X 0 0 0 ANGELA MOSKOW DIRECTOR 1.00 X 0 0 0 DERYK POWELL DIRECTOR 1.00 X 0 0 0 THOMAS VANSAGHI DIRECTOR 1.00 X 0 0 0 MATT GAARDER DIRECTOR 1.00 X 0 0 0 JODY ATHEN DIRECTOR 1.00 X 0 0 0 TERRY BARNES DIRECTOR 1.00 X 0 0 0 JENNIFER HEWITT DIRECTOR 1.00 X 0 0 0 SUSAN HOCKENSMITH DIRECTOR 1.00 X 0 0 0 MIKE KELLY DIRECTOR 1.00 X 0 0 0 BECKY SULLIVAN DIRECTOR 1.00 X 0 0 0 LORI STEINER CHIEF FINANCIAL OFFICER 40.00 X 119584 0 43194 119584 0 43194 1 0 1 0 PRAIRIE CAPITAL MANAGEMENT GROUP 4900 MAIN ST SUITE 700 KANSAS CITY MO 64112 INVESTMENT ADVISORY 107210 1 170050 5198380 37326 5368430 PROGRAM SERVICE REVENUE 611710 13518 13518 13518 1420601 8949 1411652 6000 6000 43791 52271 -8480 -8480 -8480 14746489 218741 13170920 203000 1575569 15741 1591310 1591310 75941 170050 88093 -12152 -12152 MISCELLANEOUS REVENUE 900099 24831 24831 24831 8404058 13518 8949 3013161 4163837 4163837 166316 166316 74465 9104 65361 20299 2482 17817 19789 2457 17332 15024 696 14328 11391 11391 44877 44877 34056 34056 111264 111264 8483 8483 20104 10584 9520 58049 23 14335 43691 109676 30873 6396 72407 93258 33458 6145 53655 182899 42791 60124 79984 140610 140610 47618 10366 12417 24835 29116 5376 6576 17164 CONTRIBUTION WRITE-OFF 293028 293028 ALUMNI MAGAZINE 78345 78345 BOND FEES 46048 46048 MERCHANT FEES 20051 20051 26157 779 24172 1206 5814760 4904913 607385 302462 96927 103810 944256 1603662 3672354 2313965 2681838 2232381 2478071 961608 1739265 1516463 33732243 39744548 11744307 11075133 3581064 4553081 58192254 63143043 321446 202363 77917 11250 2970000 2525000 59377 62295 657950 4990 4086690 2805898 X 6270366 8204204 47835198 52132941 54105564 60337145 58192254 63143043 X 2589298 3186843 455440 X X 0 1 X 1 0 X 4328371 6551486 6408703 4675540 5368430 27332530 4328371 6551486 6408703 4675540 5368430 27332530 3126224 24206306 844895 810805 1197822 1318896 1461443 5633861 46772 23504 22909 34082 -12152 115115 16358 8567 16511 20849 24831 87116 33168622 54442 0.72980 0.73330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 16,358. 2020 AMOUNT: $ 8,567. 2021 AMOUNT: $ 16,511. 2022 AMOUNT: $ 20,849. 2023 AMOUNT: $ 24,831. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34056 34056 5780705 5814761 440738 110185 0 0 652254 492756 456920 440738 2042668 3064002 51084 51084 51084 34056 187308 163064 123189 114230 110185 510668 766002 0 144450 X X 0 0 1 X 34310764 1895695 4267632 1073778 25714 544612 38829987 31451470 1888593 2489162 998996 519465 34310764 33182528 1893444 -2215698 883749 985 524070 31451470 27339139 1249751 5962330 877624 421 490647 33182528 26879054 1333066 445068 816572 1475 500002 27339139 0.00148 0.80327 0.19525 0 0 64000 64000 2247435 939422 1308013 22186 22186 0 144450 144450 1516463 THIRTEEN PARTNERS OFFSHORE 2034563 F IRONWOOD INTERNATIONAL 2464186 F COMMON FUND GLOBAL PRIVATE EQUITY PARTNERS 2014 1064071 F COMMONFUND GLOBAL PRIVATE EQUITY PARTNERS III 1852536 F LEGACY VENTURE IX 1449591 F GOLUB CAPITAL PARTNERS 10 875000 F GOLUB CAPITAL PARTNERS 11 437500 F LEGACY VENTURE X 647686 F GOLUB CAPITAL GEMS FUND 6 INTERNATIONAL LP 250000 F 11075133 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS 4073767 CASH SURRENDER VALUE OF LIFE INSURANCE 333951 INTEREST RECEIVABLE 110226 PRESENT VALUE OF INTEREST RATE SWAP 35137 4553081 ANNUITY CONTRACTS 4990 4990 X 12160507 3186843 85066 455440 3727349 8433158 111264 -140364 -29100 8404058 5928926 85066 140364 225430 5703496 111264 111264 5814760 PART III, LINE 4: AGATE COLLECTION HOUSED IN GEOLOGY DEPARTMENT WHERE IT IS AVAILABLE FOR PUBLIC VIEWING AND ASSISTS IN THE EDUCATION OF GEOLOGY COURSES. ZOOLOGICAL SPECIMENS AND A MASTODON SKULL IS HOUSED IN THE WARREN AND RITA SHUCK MUSEUM OF LIFE SCIENCES WHERE IT IS AVAILABLE FOR PUBLIC VIEWING AND ASSISTS IN THE EDUCATION OF VARIOUS BIOLOGY AND ZOOLOGY COURSES. CRYSTAL TROPHIES ARE HOUSED IN THE ATHLETIC DEPARTMENT WHERE THEY ARE AVAILABLE FOR PUBLIC VIEWING. PART IV, LINE 2B: THE FOUNDATION HOLDS FUNDS IN A CUSTODIAL CAPACITY FOR THE NORTHWEST BOOSTER CLUB, AN ORGANIZATION SEPARATE FROM THE FOUNDATION. PART V, LINE 4: INVESTMENT EARNINGS ON ENDOWED FUNDS ARE USED FOR SCHOLARSHIPS, UNIVERSITY SUPPORT AND UNIVERSITY PROGRAMS. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. THE FOUNDATION FOLLOWS THE STANDARD FOR EVALUATING UNCERTAIN TAX POSITIONS AND HAS DETERMINED NO LIABILITY SHOULD BE RECORDED FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE OF INTEREST RATE SWAP -7,962. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 451,109. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 11,766. CHANGE IN VALUE OF ANNUITY LIABILITIES 527. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -52,271. FUNDRAISING EXPENSE -88,093. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 52,271. FUNDRAISING EXPENSE 88,093. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 5811249 0 0 0 0 0 0 5811249 0 5811249 1 0 0 0 0 0 GOLF TOURNAMENT 245991 170050 75941 35300 15923 7657 1360 27853 245991 170050 75941 35300 15923 7657 1360 27853 88093 -12152 1 NORTHWEST MISSOURI STATE UNIVERSITY 800 UNIVERSITY DRIVE MARYVILLE MO 64468 446000301 GOV 4163837 0 $2,764,833 - SUPPORT FOR NWMSU PROGRAMS; $1,399,004 - SCHOLARSHIPS 1 0 PART I, LINE 2: ALL CHECK REQUESTS MUST HAVE THE SIGNATURE OF A FUND CUSTODIAN BEFORE THEY WILL BE ISSUED. THE FOUNDATION REQUESTS INVOICE SUPPORT AND DETAIL OF INDIVIUDAL EXPENDITURES BEFORE MAKING PAYMENT FOR REIMBURSEMENT REQUESTS. THE FOUNDATION CFO ATTENDS FACILITY MEETINGS CONDUCTED BY THE UNIVERSITY TO STAY INFORMED ON BUILDING PROJECT COSTS TO ENSURE THAT REMITTANCES OF DONOR PLEDGES FOR CAPITAL PROJECTS DO NOT EXCEED PROJECT COSTS. X X X 0 0 0 0 0 0 0 0 0 LORI STEINER CHIEF FINANCIAL OFFICER 119584 0 0 0 0 0 32053 0 11141 0 162778 0 0 0 A NODAWAY COUNTY INDUSTRIAL DEVELOPMENT BOARD 521313729 655223AB1 2008-10-16 7675000 EDUCATIONAL FACILITIES ON NORTHWEST MISSOURI STATE UNVERSITY CAMPUS 0 0 0 A 5150000 7677078 134439 30000 7502055 10584 2008 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 US BANK 2.500000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NODAWAY COUNTY INDUSTRIAL DEVELOPMENT BOARD DATE THE REBATE COMPUTATION WAS PERFORMED: 10/01/2012 SCH K, PART II, LINE 3 TOTAL PROCEEDS OF ISSUE ALSO INCLUDES $2,078 OF INTEREST EARNINGS ON THE PROCEEDS. X 2 22556 MARKET VALUE X 1 300 MARKET VALUE X OFFICE EXPENSES AND SUPPLIES 1 14470 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE. FORM 990, PART V, LINE 2: ALL W-2S AND OTHER PAYROLL TAX FILINGS FOR THE FOUNDATION ARE REMITTED BY NWMSU UNDER THEIR EIN: 44-6000301. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD PRESIDENT, VICE PRESIDENT, IMMEDIATE PAST PRESIDENT, STANDING COMMITTEE CHAIRS, AND UP TO TWO PRESIDENT APPOINTED 'AT-LARGE' MEMBERS. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS OF THE BOARD. ALL ACTIONS OF THE EXECUTIVE COMMITTEE WILL BE FOLLOWED UP BY SUBSEQUENT BOARD APPROVAL. FORM 990, PART VI, SECTION A, LINE 6 THE NORTHWEST ALUMNI ASSOCIATION MEETS THE IRS DEFINITION OF MEMBER FOR PURPOSES OF THIS QUESTION. FORM 990, PART VI, SECTION A, LINE 7A IT IS REQUIRED BY THE BYLAWS THAT THE PRESIDENT OF THE NORTHWEST ALUMNI ASSOCIATION BE A VOTING MEMBER OF NORTHWEST FOUNDATION, INC.'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, AND THEN AT LEAST 10 DAYS PRIOR TO THE DUE DATE, A DRAFT IS PRESENTED TO THE BOARD, EITHER IN PERSON AT THEIR OCTOBER MEETING, OR VIA EMAIL DISTRIBUTION BY THE FINANCE OFFICER. TIME IS ALLOWED FOR BOARD MEMBERS TO SUBMIT COMMENTS OR QUESTIONS BEFORE FINAL FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION STAFF SHALL PROVIDE EACH MEMBER OF THE BOARD AND OF EACH COMMITTEE, SUBCOMMITTEE AND COUNCIL A COPY OF THE CONFLICT OF INTEREST POLICY STATEMENT FOR SIGNATURE PRIOR TO OR AT THE FIRST MEETING OF THE YEAR OF THE BOARD OR OF ANY COMMITTEE, SUBCOMMITTEE OR COUNCIL. ANY MEMBER OF THE BOARD OR OF A COMMITTEE, SUBCOMMITTEE OR COUNCIL WHO REFUSES OR FAILS TO SIGN SUCH A STATEMENT SHALL BE PROHIBITED FROM PARTICIPATING IN DISCUSSION OR ACTION BY THE BOARD OR ANY COMMITTEE, SUBCOMMITTEE OR COUNCIL UNTIL SUCH STATEMENT IS SIGNED. MEMBERS OF THE BOARD OF DIRECTORS ARE OBLIGATED TO SELF-REPORT ANY CONFLICT OR POTENTIAL CONFLICT THE BOARD PRESIDENT AND ANY APPLICABLE COMMITTEE CHAIRPERSON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS; PROVIDED, HOWEVER, IF THE INTERESTED PERSON BELIEVES A CONFLICT OF INTEREST EXISTS, THE BOARD OR COMMITTEE SHALL BE GUIDED BY THE BELIEF OF THE INTERESTED PERSON IN REACHING ITS DECISION. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THE INDIVIDUAL IN CONFLICT MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULT IN THE CONFLICT OF INTEREST. ANNUAL REVIEWS OF ALL TRANSACTIONS WITH INTERESTED PERSONS SHALL BE CONDUCTED. A REPORT OF SUCH ANNUAL REVIEW SHALL BE MADE TO THE BOARD AND REFLECTED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A ALL STAFF MEMBERS OF NORTHWEST FOUNDATION, INC. ARE COMPENSATED AS EMPLOYEES OF NORTHWEST MISSOURI STATE UNIVERSITY IN THE OFFICE OF UNIVERSITY ADVANCEMENT. THE FOUNDATION DOES NOT HAVE EMPLOYEES OF ITS OWN. THE UNIVERSITY SETS COMPENSATION BASED ON A MARKET EVALUATION BY CUPA AND EMPLOYEE'S SALARIES FALL IN THE RANGE OF 85% TO 115% OF THE CUPA MARKET AVERAGES. THE FOUNDATION BOARD REVIEWS AND APPROVES THE SALARY CHANGE YEARLY. THIS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST VIA E-MAIL, FAX, OR REGULAR MAIL. IN ADDITION, THE FINANCIAL STATEMENTS ARE POSTED ON WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF INTEREST RATE SWAP -7,962. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 451,109. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 11,766. CHANGE IN VALUE OF ANNUITY LIABILITIES 527. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. CHARITABLE REMAINDER TRUSTS (4) TRUST INCOME MO N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0