2025-05-12T15:49:33-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2023-07-01 382376475 NORTHWESTERN MICHIGAN COLLEGE FOUNDATION NORT 2319951144 1701 E FRONT ST TRAVERSE CITY MI 49686 DINO HERNANDEZ CHIEF ADVANCEMENT OFFICER 2319951144 2025-04-29 1 1 AMY CIMINELLO P00796388 2695674500 2025-04-29 2023 2025-03-06 01:10:19Z DINO HERNANDEZ 1701 E FRONT ST TRAVERSE CITY MI 49686 13800926 0 X WWW.NMC.EDU/FOUNDATION X 1981 MI TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE. 30 24 0 100 0 0 2975794 3456251 0 0 1029310 2259942 20821 1548 4025925 5717741 4298421 4729229 0 0 506818 522512 0 0 522512 168326 114271 4973565 5366012 -947640 351729 59377334 64985273 1849231 2372769 57528103 62612504 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 4729229 4729229 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. 4729229 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 30 24 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 238757 49387 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 CHRISTOPHER M LAMB 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 LORAINE BEERS BOARD MEMBER 1.00 0.00 X 0 0 0 BARBARA 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 DONALD M COE BOARD MEMBER 1.00 0.00 X 0 0 0 MATT DESMOND BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM DONBERG BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN M FISHER BOARD MEMBER 1.00 0.00 X 0 0 0 PEG JONKHOFF BOARD MEMBER 1.00 0.00 X 0 0 0 ELEANOR E LYNN 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 MARY PELCHER BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW K ROBITSHEK TRUSTEE 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 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 CHERYL M BLOOMQUIST NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 106941 48053 STEVEN H RICE NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 96603 32442 LINDA BERLIN NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 108417 40670 MADISON HOUY NMC STUDENT REPRESENTATIVE 1.00 0.00 X 0 0 0 JENNIFER HRICIK EXECUTIVE DIRECTOR 36.00 8.00 X X 0 123326 31087 0 674044 201639 0 0 1 0 0 161950 3294301 29889 3456251 1774223 1774223 8531817 8046098 485719 485719 485719 33130 161950 32443 687 687 5505 4644 861 861 5717741 0 0 2261490 4729229 4729229 522512 522512 80068 80068 346 346 32775 32775 SALES TAX 1082 1082 5366012 4729229 114271 522512 11751823 3278274 1875494 1539642 350 0 45063228 59500269 56598 0 629841 667088 59377334 64985273 55647 100425 453 0 1793131 2272344 1849231 2372769 X 0 0 0 0 57528103 62612504 57528103 62612504 59377334 64985273 X 351729 4812388 -79716 X X 0 1 X 1 0 X 2507013 5527825 3614449 2975794 3456251 18081332 489486 473572 394820 1357878 2996499 6001397 4009269 2975794 3456251 19439210 1916960 17522250 1122033 1026475 1226558 1485984 1774223 6635273 73085 83950 88266 49284 38635 333220 26407703 0.66350 0.66510 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2019 AMOUNT: $ 62,365. 2020 AMOUNT: $ 74,540. 2021 AMOUNT: $ 76,096. 2022 AMOUNT: $ 47,005. 2023 AMOUNT: $ 33,130. GAMING - 2019 AMOUNT: $ 10,720. 2020 AMOUNT: $ 9,410. 2021 AMOUNT: $ 12,170. 2022 AMOUNT: $ 2,279. 2023 AMOUNT: $ 5,505. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 30510936 212451 3954550 877238 74176 33726523 27359669 1119022 2774997 818972 -76220 30510936 30012964 1073801 -3006510 771796 -51210 27359669 22295638 2050664 6405676 679924 59090 30012964 21993448 635588 246131 607229 -27700 22295638 0.04714 0.55705 0.39581 0 0 0 SPLIT INTEREST AGREEMENTS PAYABLE 80501 PAYABLE TO NORTHWESTERN MICHIGAN COLLEGE 2191843 2272344 10405701 4812388 35356 4847744 5557957 80068 79716 159784 5717741 5321300 35356 35356 5285944 80068 80068 5366012 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 35,356. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 21,371. UNCOLLECTIBLE PLEDGES 58,345. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT 35,356. TASTE OF SUCCESS 178586 147516 31070 3095 12402 16946 AUTO SHOW 16494 14434 2060 195080 161950 33130 3095 12402 16946 32443 687 1 NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 GOVERNMENTAL SEC 115 4700912 28317 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 238757 0 0 0 0 0 27457 0 21930 0 288144 0 0 CHERYL M BLOOMQUIST NMC FACULTY REPRESENTATIVE 0 106941 0 0 0 0 0 31149 0 16904 0 154994 0 0 JENNIFER HRICIK EXECUTIVE DIRECTOR 0 123326 0 0 0 0 0 14183 0 16904 0 154413 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 12 16739 FMV X 4 11000 FMV X 2 300 FMV X AUCTION ITEMS 3 1572 FMV X MISCELLANEOUS 4 178 FMV X CLASSROOM SUPPLIES 2 100 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 UNCOLLECTIBLE PLEDGES OTHER CHANGES IN NET ASSETS-990 -79,716. 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