2025-11-10T14:01:16-06:00 2025-06-30 331498605 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2024-07-01 237034523 THE NORTHERN MICHIGAN UNIVERSITY FOUNDATION NORT 9062272627 1401 PRESQUE ISLE AVE 607 COHODAS MARQUETTE MI 49855 NICOLE BLEMBERG INTERIM CHIEF EXECUTIVE OFFICER 9062272627 2025-11-03 1 1 DORI J EGGETT P00645252 2483757100 2025-10-27 2024 2025-03-06 01:10:19Z NICOLE BLEMBERG 1401 PRESQUE ISLE AVE 607 COHODAS MARQUETTE MI 49855 62029648 0 X HTTPS://FOUNDATION.NMU.EDU/ X 1968 MI THE NMU FOUNDATION WILL ESTABLISH AND FOSTER RELATIONSHIPS TO GENERATE RESOURCES THAT BENEFIT THE STRATEGIC GOALS OF NORTHERN MICHIGAN UNIVERSITY. 19 19 0 25 0 0 9100148 11059959 0 0 2649692 2327363 -5653672 -763642 6096168 12623680 3516736 3749214 0 0 0 0 0 0 247041 1914257 1268220 5430993 5017434 665175 7606246 77295763 85717144 6729223 1916774 70566540 83800370 X THE NMU FOUNDATION WILL ESTABLISH AND FOSTER RELATIONSHIPS TO GENERATE RESOURCES THAT BENEFIT THE STRATEGIC GOALS OF NORTHERN MICHIGAN UNIVERSITY. 0 0 1575607 1575607 SCHOLARSHIPS AND OTHER FINANCIAL AID - PROVIDING FINANCIAL ASSISTANCE TO STUDENTS, ENABLING THEM TO OBTAIN A COLLEGE EDUCATION. 1165993 1165993 ACADEMIC DEPARTMENTS AND PROGRAMS - PROVIDE SUPPORT TO NORTHERN MICHIGAN UNIVERSITY'S ACADEMIC DEPARTMENTS AND PROGRAMS TO INCREASE THE EDUCATIONAL OPPORTUNITIES FOR ITS STUDENTS. 429745 429745 PUBLIC TELEVISION - PROVIDE OPERATING FUNDS FOR NORTHERN MICHIGAN UNIVERSITY'S PUBLIC TV STATION, BENEFITING THE RESIDENTS OF THE CENTRAL PORTION OF THE UPPER PENINSULA OF MICHIGAN WHO CHOOSE TO VIEW IT. 405491 405491 PUBLIC RADIO (405,491) - PROVIDE OPERATING FUNDS FOR NORTHERN MICHIGAN UNIVERSITY'S PUBLIC RADIO STATION, BENEFITING THE RESIDENTS OF THE CENTRAL PORTION OF THE UPPER PENINSULA OF MICHIGAN WHO CHOOSE TO LISTEN TO IT. 172378 172378 ATHLETICS (172,378) - PROVIDE SUPPORT FOR VARIOUS ATHLETIC PROGRAMS AT NORTHERN MICHIGAN UNIVERSITY, BENEFITING NORTHERN MICHIGAN UNIVERSITY ATHLETES, STUDENTS, AND AREA RESIDENTS. 577869 577869 3749214 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 18 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI FL OR X NICOLE BLEMBERG 9062272627 1401 PRESQUE ISLE 607 COHODAS MARQUETTE MI 49855 BRAD M CANALE CHIEF EXECUTIVE OFFICER - PART YEAR 40.00 0.00 X X 0 245296 93456 NICOLE A BLEMBERG INTERIM CEO - 6/25, TRUSTEE 40.00 0.00 X X 0 0 0 MARK B PYNNONEN PRESIDENT 1.90 0.00 X X 0 0 0 MICHAEL R OSWALD VICE PRESIDENT 1.90 0.00 X X 0 0 0 GERARD J MOLITOR SECRETARY/TREASURER 1.90 0.00 X X 0 0 0 JESSE W BELL TRUSTEE 0.60 0.00 X 0 0 0 CAIN G BESSE TRUSTEE 0.60 0.00 X 0 0 0 WILLIAM W BOWERMAN TRUSTEE 0.60 0.00 X 0 0 0 KEVIN C BOYLE TRUSTEE 0.60 0.00 X 0 0 0 WILLIAM W EDWARDS TRUSTEE 0.60 0.00 X 0 0 0 JOSEPH A EVANS TRUSTEE 0.60 0.00 X 0 0 0 TIMOTHY P GREELEY TRUSTEE 0.60 0.00 X 0 0 0 STEPHEN P LATUS TRUSTEE 0.60 0.00 X 0 0 0 JOHN F LIST TRUSTEE 0.60 0.00 X 0 0 0 MARK R LOVELL TRUSTEE 0.60 0.00 X 0 0 0 RUSSELL M MAGNAGHI TRUSTEE 0.60 0.00 X 0 0 0 LISA M MUELLER TRUSTEE 0.60 0.00 X 0 0 0 DAVID R NERENZ TRUSTEE 0.60 0.00 X 0 0 0 LISA A TOMSHECK TRUSTEE 0.60 0.00 X 0 0 0 CURT L TUCKER TRUSTEE 0.60 0.00 X 0 0 0 0 245296 93456 0 0 1 0 ADAMO DEMOLITION COMPANY 320 EAST SEVEN MILE ROAD DETROIT MI 48203 DEMOLITION OF FORMER HOSPITAL CAMPUS 6212890 TRIMEDIA HOLDINGS LLC 830 WEST WASHINGTON STREET MARQUETTE MI 49855 ENVIRON. CONSULTING, PROJ. MGMT & SURVEY 447026 2 2634534 8425425 478705 11059959 1917465 1917465 49815866 49405968 409898 409898 409898 AUXILIARY INCOME 900099 1442 1442 IMPAIRMENT LOSS ON CAPITAL ASSET 900099 -765084 -765084 -763642 12623680 0 0 1563721 3749214 3749214 41050 41050 7678 7678 159433 159433 133850 133850 411150 347506 63644 6375 375 6000 134900 82374 52526 140973 56480 84493 24036 10846 13190 3450 2005 1445 114249 114249 34927 34927 GUEST EXPENSES 30761 5018 25743 BANK FEES 25388 25388 5017434 3749214 1021179 247041 73782 82122 75604 113569 4319327 3966251 4292642 3597023 70927 103664 1835122 433643 3446858 1401479 45963664 50786289 18490802 23730307 562157 1936440 77295763 85717144 1122754 577138 3151573 517038 2454896 822598 6729223 1916774 X 12013733 16529731 58552807 67270639 70566540 83800370 77295763 85717144 7606246 5627584 0 X X 0 1 X 1 0 X 4219779 5213973 15734952 8280260 11059959 44508923 826439 840332 1060949 1032092 1333916 5093728 5046218 6054305 16795901 9312352 12393875 49602651 11712498 37890153 1040688 1895458 1838230 1632470 1917465 8324311 825 660 1442 2927 57929889 0.65410 0.61030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - MISCELLANEOUS - 2022 AMOUNT: $ 825. 2023 AMOUNT: $ 660. 2024 AMOUNT: $ 1,442. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50075723 3872365 5463699 1452220 -3248350 61207917 41960720 4297387 4406212 1344982 -756386 50075723 37595317 1521597 2636778 1264947 -45821 40534566 43092526 1395914 -6365326 1157797 -630000 37595317 33244749 1482741 9350646 987610 -2000 43092526 0.10070 0.89930 0.00000 1 0 828350 828350 429277 170908 258369 401497 125277 276220 150746 132472 18274 25252 4986 20266 1401479 HEDGE FUNDS 3128521 F PRIVATE EQUITY FUNDS 1870215 F SEPARATELY MANAGED ACCOUNTS 16696371 F PRIVATE AND DISTRESS CREDIT 2035200 F 23730307 ANNUITIES PAYABLE 341749 DUE TO NORTHERN MICHIGAN UNIVERSITY 430849 OTHER CURRENT LIABILITIES 50000 822598 19451330 5627584 1333916 6961500 12489830 133850 133850 12623680 6217500 1333916 1333916 4883584 133850 133850 5017434 PART V, LINE 4: TO CULTIVATE AND PROMOTE THE PRIVATE PHILANTHROPIC SUPPORT OF NORTHERN MICHIGAN UNIVERSITY'S MISSION THROUGH A COMPREHENSIVE ADVANCEMENT EFFORT. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 6320377 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 366247 NORTH AMERICA 0 0 INVESTMENTS 216488 0 0 0 0 0 0 6903112 0 6903112 1 0 1 1 1 0 1 NORTHERN MICHIGAN UNIVERSITY 1401 PRESQUE ISLE AVE MARQUETTE MI 49855 386029206 115 429745 0 PUBLIC TELEVISION NORTHERN MICHIGAN UNIVERSITY 1401 PRESQUE ISLE AVE MARQUETTE MI 49855 386029206 115 405491 0 PUBLIC RADIO NORTHERN MICHIGAN UNIVERSITY 1401 PRESQUE ISLE AVE MARQUETTE MI 49855 386029206 115 172378 0 ATHLETIC PROGRAMS NORTHERN MICHIGAN UNIVERSITY 1401 PRESQUE ISLE AVE MARQUETTE MI 49855 386029206 115 1575607 0 SCHOLARSHIPS NORTHERN MICHIGAN UNIVERSITY 1401 PRESQUE ISLE AVE MARQUETTE MI 49855 386029206 115 1119833 0 OTHER DEPARTMENTS AND PROGRAMS NORTHERN MICHIGAN UNIVERSITY 1401 PRESQUE ISLE AVE MARQUETTE MI 49855 386029206 115 0 13500 DONOR ESTIMATE ARTWORK OTHER DEPARTMENTS AND PROGRAMS NORTHERN MICHIGAN UNIVERSITY 1401 PRESQUE ISLE AVE MARQUETTE MI 49855 386029206 115 0 32660 RETAIL VALUE EQUIPMENT OTHER DEPARTMENTS AND PROGRAMS 0 1 PART I, LINE 2: ASSISTANCE TO SUPPORT NORTHERN MICHIGAN UNIVERSITY IS MADE BASED ON WRITTEN REQUESTS FROM THE UNIVERSITY THAT DOCUMENT THE PURPOSE AND USE OF THE FUNDS REQUESTED. 0 1 0 0 0 0 0 0 0 BRAD M CANALE CHIEF EXECUTIVE OFFICER - PART YEAR 0 240929 0 0 0 4367 0 50213 0 43243 0 338752 0 0 PART I, LINE 3 NORTHERN MICHIGAN UNIVERSITY USES THE CUPA DATA COMPENSATION SURVEY TO ESTABLISH COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER. PART I, LINE 4B UNDER THE TERMS OF AN EMPLOYMENT AGREEMENT (AGREEMENT) EFFECTIVE JULY 1, 2023 BETWEEN NORTHERN MICHIGAN UNIVERSITY (UNIVERSITY) AND BRAD CANALE, THE UNIVERSITY CONTRIBUTED $20,000 TO A DEFERRED COMPENSATION ACCOUNT UNDER A CODE SECTION 457(F) PLAN ON OR AROUND JUNE 15, 2024. TO BE FULLY VESTED IN THE FULL AMOUNT CONTAINED IN THE DEFERRED COMPENSATION ACCOUNT (INCLUDING EARNINGS, IF ANY), LESS APPLICABLE WITHHOLDINGS AND DEDUCTIONS, MR. CANALE NEEDED TO REMAIN AS CHIEF EXECUTIVE OFFICER OF THE NORTHERN MICHIGAN UNIVERSITY FOUNDATION THROUGH JUNE 30, 2027. MR. CANALE IS NO LONGER THE CHIEF EXECUTIVE OFFICER AND, AS SUCH, IS NOT ENTITLED TO RECEIVE ANY OF THE DEFERRED COMPENSATION. X 1 13500 DONOR ESTIMATE X 17 432545 FAIR MARKET VALUE X EQUIPMENT 3 32660 RETAIL VALUE 0 1 1 PART I, COLUMN (B): THE FOUNDATION REPORTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: THE FOUNDATION USES APPROPRIATE SPECIALISTS TO SELL NONCASH CONTRIBUTIONS (E.G. BROKERS TO SELL STOCKS) FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE INDEPENDENT AUDITOR, CEO OF THE FOUNDATION, NORTHERN MICHIGAN UNIVERSITY'S CONTROLLER OFFICE, AND THE GOVERNING BOARD MEMBERS ON THE INVESTMENT, FINANCE & AUDIT COMMITTEE, WHICH IS CHAIRED BY THE BOARD TREASURER, AND INCLUDES THE BOARD PRESIDENT PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE EMPLOYEES FOLLOW THE CONFLICT OF INTEREST AND DISCLOSURE POLICY ESTABLISHED BY NORTHERN MICHIGAN UNIVERSITY, WHICH REQUIRES ANNUAL DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE GOVERNING BOARD SIGNS A CODE OF CONDUCT STATEMENT THAT IN PART REQUIRES THE BOARD MEMBER TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. IF A POTENTIAL CONFLICT OF INTEREST IS DISCLOSED, THE REMAINING TRUSTEES OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ANY TRUSTEE WITH A CONFLICT OF INTEREST SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ALL FOUNDATION STAFF ARE EMPLOYEES OF NORTHERN MICHIGAN UNIVERSITY (NMU) AND FOLLOW THE ESTABLISHED COMPENSATION POLICIES AND PROCEDURES OF NMU. NMU IS COMMITTED TO FAIR AND EQUITABLE COMPENSATION PRACTICES FOR ALL ITS EMPLOYEES TO ENSURE A FAIR AND EQUITABLE COMPENSATION PROGRAM IS MAINTAINED. IT IS NMU'S POLICY THAT ALL COMPENSATION DETERMINATION WILL BE BASED ON CRITERIA AS STATED IN THE NMU COMPENSATION PLAN. NMU IS COMMITTED TO IMPLEMENTING AND MAINTAINING A FAIR AND EQUITABLE COMPENSATION PROGRAM THAT COMPLIMENTS THE REQUIRED DUTIES OF EACH POSITION AS WELL AS PERFORMANCE OF INDIVIDUAL WITHIN EACH POSITION. THE HUMAN RESOURCE DEPARTMENT HAS BEEN DESIGNATED THE PLAN ADMINISTRATOR. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAINTAINS ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS IN ITS OFFICE AND THEY ARE AVAILABLE DURING REGULAR BUSINESS HOURS. THE PUBLIC IS INVITED TO VIEW FINANCIAL INFORMATION THAT IS SHARED ON THE WEBSITE AND MADE AVAILABLE IN THE OFFICE. DOCUMENTATION IS ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTHERN MICHIGAN UNIVERSITY 1401 PRESQUE ISLE MARQUETTE MI 49855 386029206 EDUCATION MI 115 N/A N/A 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 0 1