2024-05-07T08:45:48-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 411878924 NORTHWESTERN FOUNDATION NORT 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 JOHN SOMMERVILLE TREASURER 6516315100 2024-05-04 1 JOHN SOMMERVILLE 999009999 1 SARAH HINTZ P00492291 3037795710 2024-04-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RONALD R HALVERSON 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 3017920 0 X N/A X 1996 MN SECURE, RECEIVE, AND MANAGE GIFTS ON BEHALF OF THE UNIVERSITY NW - ST. PAUL AND OTHER CHARITIES. X 8 7 0 7 0 0 222496 112882 102458 68552 714440 24087 100 0 1039494 205521 172615 5892589 0 0 0 0 0 0 1680 201920 137860 374535 6030449 664959 -5824928 6204157 0 712806 0 5491351 0 X SECURE, RECEIVE, AND MANAGE GIFTS ON BEHALF OF THE UNIVERSITY NW - ST. PAUL AND OTHER CHARITIES. 0 1 5892589 5892589 68552 TO SECURE, RECEIVE AND MANAGE PLANNED GIFTS ON BEHALF OF PUBLIC CHARITIES INCLUDING UNIVERSITY OF NORTHWESTERN - ST. PAUL, A CHRISTIAN, NOT-FOR-PROFIT EDUCATIONAL INSTITUTION WITH A MISSION 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 THROUGH CHRIST-CENTERED HIGHER EDUCATION AND MEDIA. NORTHWESTERN MEDIA EXISTS TO LEAD PEOPLE TO CHRIST AND TO NURTURE BELIEVERS IN THEIR SPIRITUAL GROWTH THROUGH CHRIST-CENTERED MEDIA. AS A FOUNDATION ALSO SERVING THE COMMUNITY, THE FOUNDATION IS ABLE TO ASSIST IN CHARITABLE GIFT PLANNING THAT BENEFITS OTHER NOT-FOR-PROFIT ORGANIZATIONS WHOSE BELIEFS ALIGN WITH THE BELIEFS OR THE MISSION OF THE ORGANIZATION. 5892589 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 32 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 AK CO KY MD MA MI MN NH NJ NY OH OK OR PA SC UT WA X JOHN SOMMERVILLE 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DARIN GLANZER DIRECTOR 2.00 0.00 X 0 0 0 DR ALAN CURETON DIRECTOR (THRU 7/22) 2.00 45.00 X 0 593100 22360 DR CORBIN HOORNBEEK DIRECTOR 2.00 45.00 X 0 167942 13069 GROVER C SAYRE III DIRECTOR 2.00 2.00 X 0 0 0 JOHN FORCE DIRECTOR 2.00 0.00 X 0 0 0 KEVIN ZWART DIRECTOR 2.00 0.00 X 0 0 0 NANCY JOHNSON SECRETARY 2.00 0.00 X X 0 0 0 RONALD HALVORSON CHAIR 2.00 0.00 X X 0 0 0 STAN ERICKSON DIRECTOR 2.00 2.00 X 0 0 0 DALE ENGSKOV PRESIDENT (AS OF 12/22) 2.00 45.00 X 0 73584 30316 DR APRIL MORETON PRESIDENT (THRU 11/22) 2.00 45.00 X 0 187209 35570 JOHN SOMMERVILLE TREASURER 2.00 45.00 X 0 158009 22905 0 1179844 124220 0 0 1 0 0 95000 17882 112882 INVESTMENT MANAGEMENT 523000 68552 68552 68552 156335 156335 2680151 2812399 -132248 -132248 -132248 205521 68552 0 24087 5892589 5892589 119926 119926 493 312 181 13534 13534 COMPLIANCE FEES 3610 2408 1202 FOOD 297 297 6030449 5892589 136180 1680 119499 129992 5558179 396487 0 6204157 0 101422 611384 0 712806 0 X 1294726 0 4196625 0 5491351 0 6204157 0 X -5824928 356206 -22629 X X 0 1 X 1 0 X 292996 136783 119267 222496 112882 884424 292996 136783 119267 222496 112882 884424 97216 787208 166001 129504 132145 169520 156335 753505 157111 11939 21 100 169171 1807100 415984 0.43560 0.53350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SERVICE REVENUE - 2018 AMOUNT: $ 157,111. 2019 AMOUNT: $ 11,939. 2020 AMOUNT: $ 21. 2021 AMOUNT: $ 100. SCHEDULE A, PART VI: SERVICE REVENUE INCREASE IN 2018 IS DUE TO A MATERIAL GAIN ON THE SALE OF ASSETS. SCHEDULE A, PART VI: SERVICE REVENUE DECREASE IN 2020 IS DUE TO RENT NO LONGER BEING COLLECTED AS A RESULT OF A PROPERTY SALE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 1 21207532 710796 1773449 1579496 22112281 23485201 993109 -2507778 763000 21207532 19115020 716153 4368028 714000 23485201 18722410 870622 265287 743299 19115020 17864543 617637 963761 723531 18722410 0.18750 0.65250 0.16000 0 1 0 0 98166437 356206 97604710 97960916 205521 0 205521 90934149 84903700 84903700 6030449 0 6030449 PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE MISSION AND PROGRAMS OF UNIVERSITY OF NORTHWESTERN - ST. PAUL AND OTHER NONPROFIT ORGANIZATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -22,629. UNIVERSITY REVENUE 97,627,339. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES RELATED TO THE UNIVERSITY OF NORTHWESTERN 84,903,700. 1 NATIONAL CHRISTIAN FOUNDATION 7701 FRANCE AVE S SUITE 360 EDINA MN 55435 581493949 501(C)(3) 14095 0 N/A N/A GENERAL SUPPORT UNIVERSITY OF NORTHWESTERN - ST PAUL 3003 SNELLING AVE NORTH ST PAUL MN 55113 410711610 501(C)(3) 5878494 0 N/A N/A GENERAL SUPPORT AND SCHOLARSHIPS 2 0 PART I, LINE 2: THE FOUNDATION'S PRIMARY ASSISTANCE WAS TO THE UNIVERSITY OF NORTHWESTERN - ST PAUL, UNDER COMMON LEADERSHIP. ADDITIONAL ASSISTANCE WAS PROVIDED TO BENEFIT LOCAL MINISTRIES. FOR GRANTS OUTSIDE OF GRANTS TO THE UNIVERSITY OF NORTHWESTERN - ST PAUL, THE FOUNDATION MAKES SURE THE REQUEST ALIGNS WITH THE FOUNDATION'S MISSION AND CORE VALUES. 1 1 0 0 0 0 0 0 0 DR ALAN CURETON DIRECTOR (THRU 7/22) 0 284684 0 235817 0 72599 0 6231 0 16129 0 615460 0 0 DR APRIL MORETON PRESIDENT (THRU 11/22) 0 184462 0 1200 0 1547 0 4125 0 31445 0 222779 0 0 DR CORBIN HOORNBEEK DIRECTOR 0 126303 0 12831 0 28808 0 0 0 13069 0 181011 0 0 JOHN SOMMERVILLE TREASURER 0 92365 0 1200 0 64444 0 377 0 22528 0 180914 0 0 PART I, LINE 3 THE COMPENSATION OF THE OFFICERS OF THE NORTHWESTERN FOUNDATION IS DETERMINED BY THE UNIVERSITY OF NORTHWESTERN - ST. PAUL, A RELATED ORGANIZATION, WHICH UTILIZES COMPENSATION SURVEYS OR STUDIES TO ESTABLISH COMPENSATION. PART I, LINES 4A-B DR. APRIL MORETON, FOUNDATION PRESIDENT, RECEIVED $26,736 AS A SEVERANCE PAYMENT. DR. CURETON PARTICIPATED IN 457(F) PLAN. HE RECEIVED HIS FINAL DISTRIBUTION FROM THE PLAN OF $16,613. THE PLAN WAS TERMINATED DURING THE FISCAL YEAR. CASH 2023-06-30 33548 ENDING BANK BALANCE 410711610 UNIVERSITY OF NORTHWESTERN - ST PAUL 3003 SNELLING AVE NORTH ST PAUL MN 55113 501(C)(3) INVESTMENTS 2023-06-30 5206454 ENDING FMV PER MORGAN STANLEY STATEMENTS 410711610 UNIVERSITY OF NORTHWESTERN - ST PAUL 3003 SNELLING AVE NORTH ST PAUL MN 55113 501(C)(3) LIFE INSURANCE POLICIES 2023-06-30 396487 CASH SURRENDER VALUE 410711610 UNIVERSITY OF NORTHWESTERN - ST PAUL 3003 SNELLING AVE NORTH ST PAUL MN 55113 501(C)(3) TRUSTS 2023-06-30 33442 ENDING FMV PER MORGAN STANLEY STATEMENTS 410711610 UNIVERSITY OF NORTHWESTERN - ST PAUL 3003 SNELLING AVE NORTH ST PAUL MN 55113 501(C)(3) 1 0 0 0 PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: JOHN SOMMERVILLE, DR. CORBIN HOORNBEEK, DR. ALAN CURETON, GROVER SAYRE, AND STAN ERICKSON ARE MEMBERS OF THE BOARD OF UNIVERSITY OF NORTHWESTERN - ST. PAUL. FORM 990, PART III, LINE 3 THE NORTHWESTERN FOUNDATION WAS LIQUIDATED AS OF 6/30/2023 AND ALL ASSETS WERE DONATED TO THE UNIVERSITY OF NORTHWESTERN-ST. PAUL. THE FOUNDATION WAS OFFICIALLY DISSOLVED EFFECTIVE 9/29/2023. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF NORTHWESTERN FOUNDATION IS UNIVERSITY OF NORTHWESTERN - ST. PAUL, A MINNESOTA 501(C)(3) NONPROFIT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S BOARD OF DIRECTORS IS ELECTED BY THE BOARD OF DIRECTORS OF THE SOLE MEMBER, UNIVERSITY OF NORTHWESTERN - ST. PAUL. AT ALL TIMES, A MAJORITY OF THE FOUNDATION'S BOARD OF DIRECTORS MUST BE COMPRISED OF INDIVIDUALS SERVING CONCURRENTLY ON THE BOARD OF DIRECTORS OF UNIVERSITY OF NORTHWESTERN - ST. PAUL. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER HAS THE POWER AND RIGHT TO APPROVE OR REJECT OR CONSENT WITH RESPECT TO THE FOLLOWING MATTERS: 1. ADOPTION AND IMPLEMENTATION OF ANNUAL OPERATING AND CAPITAL BUDGETS. 2. CAPITAL EXPENDITURES IN EXCESS OF $75,000. 3. SALE OR TRANSFER OF ASSETS OTHER THAN IN THE ORDINARY COURSE OF BUSINESS. 4. INCURRENCE OF DEBT. 5. COMPENSATION OF OFFICERS. 6. ADOPTION AND MODIFICATION OF EMPLOYEE BENEFIT PLANS. 7. APPOINTMENT OF THE CHIEF EXECUTIVE OFFICER. 8. AMENDMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS. 9. APPROVAL OF DIRECTORS SERVING ON THE FOUNDATION'S BOARD OF DIRECTORS WHICH ARE SELECTED BY THE SOLE MEMBER WITH INPUT FROM THE FOUNDATION'S BOARD OF DIRECTORS. 10. REMOVAL OF DIRECTORS ON THE FOUNDATION'S BOARD OF DIRECTORS. 11. APPROVAL OF INVESTMENT POLICY STATEMENT (IPS) THAT EFFECTIVELY SUPERVISES, MONITORS AND EVALUATES FOUNDATION AND UNIVERSITY INVESTMENT ASSETS. 12. FINAL APPROVAL OF THE CORPORATION'S PROPOSED STRATEGIC PLANS AND ANY MATERIAL MODIFICATION TO APPROVED STRATEGIC PLANS. 13. ALL DECISIONS RELATED TO THE INCURRENCE OF LIENS, AND/OR INDEBTEDNESS (INCLUDING, WITHOUT LIMITATION, ANY CAPITAL LEASES). 14. APPROVAL OF THE ALIENATION, MORTGAGE, PLEDGE OR ENCUMBRANCE OF ANY REAL ESTATE OWNED BY THE CORPORATION. 15. APPROVAL OF ANY SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION, OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, OR ANY ACQUISITION, OR MERGER OR CONSOLIDATION WITH ANY OTHER PERSON OR ENTITY. 16. APPROVAL OF ANY MATERIAL TRANSACTION (E.G., A CLINIC ACQUISITION), EXCEPT TO THE EXTENT THAT SUCH TRANSACTION IS SPECIFICALLY IDENTIFIED IN A STRATEGIC PLAN APPROVED BY THE SOLE MEMBER. 17. APPROVAL OF ANY PROPOSED DISSOLUTION, LIQUIDATION AND WINDING-UP OF THE CORPORATION. 18. APPROVAL OF THE DECLARATION BY THE CORPORATION OF ANY EVENT OF BANKRUPTCY, INSOLVENCY OR OTHER APPLICATION FOR JUDICIAL RELIEF FROM CREDITORS OF THE CORPORATION. 19. APPROVAL OF ANY ACTION THAT MIGHT JEOPARDIZE THE TAX-EXEMPT STATUS OF THE CORPORATION AND/OR THE SOLE MEMBER. 20. APPROVAL OF THE CREATION OF ANY ORGANIZATIONAL DOCUMENTS (AND AMENDMENTS THERETO) FOR ANY SUBSIDIARY OR AFFILIATED ENTITY, JOINT VENTURE, AFFILIATION OR SIMILAR ARRANGEMENT. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WAS PROVIDED TO THE FOUNDATION'S MANAGEMENT TEAM FOR A DETAIL REVIEW AFTER ALL CHANGES WERE MADE AND QUESTIONS ANSWERED. A FINAL COPY OF THE FORM 990 WAS THEN REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NORTHWESTERN FOUNDATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. THE BOARD OF DIRECTORS SIGN A CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FOR BOARD MEMBERS, THE MATERIAL FACTS AS TO A CONTRACT OR TRANSACTION AND AS TO THE DIRECTOR'S INTEREST MUST BE FULLY DISCLOSED OR KNOWN TO THE FOUNDATION'S BOARD OF DIRECTORS PRIOR TO APPROVAL OF SUCH CONTRACT OR TRANSACTION, AND THE INTERESTED DIRECTOR MAY NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AND MAY NOT VOTE. IF AN EMPLOYEE HAS ANY INFLUENCE OVER TRANSACTIONS, PURCHASES, CONTRACTS, OR LEASES INVOLVING A CONFLICT OF INTEREST OR IF THE EMPLOYEE'S RELATIONSHIP WITH SUCH ORGANIZATION COULD REASONABLY BE PERCEIVED AS CONFLICTING WITH THE INTERESTS OF NORTHWESTERN FOUNDATION, THE EMPLOYEE IS REQUIRED TO DISCLOSE THE RELATIONSHIP TO AN OFFICER AS SOON AS POSSIBLE SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. ALL PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IT DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -22,629. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. UNIVERSITY OF NORTHWESTERN - ST PAUL 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 410711610 EDUCATION MN 501(C)(3) LINE 2 N/A 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0