2026-04-02T14:40:55-05:00 2025-05-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-06-01 470698086 MIDWEST FOUNDATION FOR HIGHER EDUCATION MIDW 4024862502 3800 SOUTH 48TH STREET LINCOLN NE 68506 ROBERT DECKER VP FOR FINANCIAL ADMIN 4024862502 2026-03-26 1 1 ANN NEIL P01817922 6123764500 2026-03-26 2024 2025-03-06 01:10:19Z YAMI BAZAN 3800 SOUTH 48TH STREET LINCOLN NE 68506 1450640 0 X N/A X 1986 NE TO PROMOTE THE WELFARE, GOALS, PROGRAMS AND TRAINING OF STUDENTS AT UNION COLLEGE. 6 6 0 10 0 0 327776 548266 0 0 936368 902374 0 0 1264144 1450640 573381 608237 0 0 0 0 0 0 0 95105 110409 668486 718646 595658 731994 17763974 18495968 0 0 17763974 18495968 TO PROMOTE THE WELFARE, GOALS, PROGRAMS AND TRAINING OF STUDENTS AT UNION COLLEGE. 0 0 608237 608237 0 PROVIDE SPECIFIC SCHOLARSHIP AWARDS TO STUDENTS MEETING CRITERIA SPECIFIED BY ENDOWMENT AGREEMENTS. 608237 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 1 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 0 0 X BRANDIE KOLFF VAN OOSTERWYK 4024862600 3800 SOUTH 48TH STREET LINCOLN NE 68506 X JOSH HUENERGARDT CHAIR 1.00 X X 0 0 0 DAN CARLSON VICE CHAIR 1.00 X X 0 0 0 SCOTT GAL DIRECTOR 1.00 X 0 0 0 ELAINE HAGELE DIRECTOR 1.00 X 0 0 0 MICHAEL PARADISE DIRECTOR 1.00 X 0 0 0 DIANE THURBER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 548266 47135 548266 902374 902374 1450640 0 0 902374 608237 608237 110409 110409 718646 608237 110409 0 1014 1019 108450 15900 17654510 18479049 17763974 18495968 0 0 X 1002 -6479 17762972 18502447 17763974 18495968 17763974 18495968 731994 0 X X 0 1 X 1 0 X X 1 UNION COLLEGE 470405319 2 1 608237 0 1 608237 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3 THE FOUNDATION'S INVESTMENTS ARE HELD ON BEHALF OF UNION COLLEGE TO BE USED FOR SCHOLARSHIPS, AS DESIGNATED BY VARIOUS DONORS. THE FOUNDATION HAS A BOARD OF TRUSTEES AND AN INVESTMENT COMMITTEE, SEPARATE FROM THOSE OF THE COLLEGE. THE INVESTMENT COMMITTEE IS RESPONSIBLE FOR REVIEWING AND UPDATING INVESTMENT POLICIES, WHILE THE BOARD OF TRUSTEES IS RESPONSIBLE FOR ENSURING THE INVESTMENTS ARE MANAGED IN ACCORDANCE WITH THE ESTABLISHED POLICIES AND THE SPECIFIED DONOR DESIGNATIONS. PART IV, SECTION E, LINE 2A: THE FOUNDATION'S ACTIVITIES DIRECTLY FURTHERED THE EXEMPT PURPOSE OF THE COLLEGE. THE FOUNDATION SERVES TO PROVIDE SCHOLARSHIPS TO STUDENTS, AS DESIGNATED IN THE ENDOWMENTS. UNION COLLEGE'S ADVANCEMENT TEAM FINDS ELIGIBLE STUDENTS TO AWARD SCHOLARSHIPS TO, AND THE FUNDS ARE REQUESTED FROM THE FOUNDATION TO SUPPORT THE ELECTED STUDENTS. PART IV, SECTION E, LINE 2B: HAD THE FOUNDATION NOT BEEN INVOLVED, UNION COLLEGE WOULD HAVE STILL PARTICIPATED IN ITS EXEMPT ACTIVITIES. THE FOUNDATION SERVES AS AN ENTITY THROUGH WHICH DONORS PROVIDE SCHOLARSHIPS FOR UNION COLLEGE STUDENTS. WITHOUT THE FOUNDATION, UNION COLLEGE WOULD STILL ACCEPT AND DISTRIBUTE STUDENT SCHOLARSHIPS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17762972 415216 1432430 610241 19000377 15631866 327776 2376711 573381 17762972 15738881 441396 -11728 536683 15631866 17365052 194858 -1190254 630775 15738881 13456194 493418 2997556 417884 17365052 0.00000 0.63990 0.36010 0 0 0 X PART V, LINE 4: SPECIFIED CURRICULUM-RELATED NAMED SCHOLARSHIPS FOR STUDENTS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION CURRENTLY HAS NO UNRELATED BUSINESS INCOME. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 1 UNION COLLEGE 3800 SOUTH 48TH STREET LINCOLN NE 68506 470405319 501(C)(3) 608237 0 N/A N/A STUDENT SCHOLARSHIPS 1 0 PART I, LINE 2: THE FOUNDATION'S ONLY GRANTEE IS UNION COLLEGE, A RELATED ORGANIZATION UNDER COMMON MANAGEMENT. THEREFORE, NO FORMAL MONITORING IS REQUIRED. X 533 47135 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF SHARES OF STOCK RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE TREASURER OF THE FOUNDATION, AND THE CHAIRMEN OF THE REMAINING COMMITTEES OF THE FOUNDATION. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE FOUNDATION AT ALL TIMES BETWEEN MEETINGS OF THE BOARD; PROVIDED THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS IN REFERENCE TO AMENDING, ALTERING, OR REPEALING THE BY-LAWS, OR REMOVING ANY MEMBER OR ANY COMMITTEE, OR ADOPTING A PLAN OF MERGER OR PLAN OF CONSOLIDATION WITH ANOTHER CORPORATION, OR AUTHORIZING THE SALE, LEASE, EXCHANGE OR MORTGAGE OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE FOUNDATION, OR OF AUTHORIZING THE VOLUNTARY DISSOLUTION OF THE FOUNDATION OR REVOKING PROCEEDINGS THEREFOR, OR ADOPTING A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE FOUNDATION, OR AMENDING, ALTERING OR REPEALED BY SUCH COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 DIANE THURBER - FAMILY RELATIONSHIP GARY THURBER - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 4 DURING THE FISCAL YEAR, THE ORGANIZATION AMENDED ITS BYLAWS TO MODERNIZE GOVERNANCE PRACTICES, CLARIFY ROLES AND OVERSIGHT, AND ALIGN OPERATIONS MORE CLOSELY WITH UNION ADVENTIST UNIVERSITY. KEY CHANGES INCLUDED UPDATING OFFICER TITLES AND INSTITUTIONAL REFERENCES, AUTHORIZING VIRTUAL BOARD MEETINGS, REVISING THE FISCAL YEAR TO ALIGN WITH THE UNIVERSITY'S FISCAL CALENDAR, AND ENHANCING TRANSPARENCY AND ACCOUNTABILITY THROUGH EXPANDED AUDIT REPORTING. THE AMENDMENTS ALSO CLARIFIED BOARD AND COMMITTEE PROCEDURES, STRENGTHENED OVERSIGHT BY THE UNIVERSITY'S BOARD OF TRUSTEES IN AREAS SUCH AS DIRECTOR SELECTION, MAJOR FINANCIAL COMMITMENTS, AND BYLAW AMENDMENTS, AND INCORPORATED CURRENT NONPROFIT GOVERNANCE STANDARDS WHILE PRESERVING THE ORGANIZATION'S CHARITABLE MISSION AND INVESTMENT AUTHORITY. FORM 990, PART VI, SECTION A, LINE 7A THE VICE PRESIDENT FOR FINANCE OF UNION COLLEGE IS A PERPETUAL EX-OFFICIO MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM USING DATA SUPPLIED BY MANAGEMENT. A COPY OF THE FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY TO ENSURE THAT ALL MEMBERS ARE COMPLYING AND TO UPDATE IF NECESSARY. ALL PRESENT AND POTENTIAL CONFLICTS OF INTEREST MUST BE DISCLOSED: IF KNOWN, IN ADVANCE OF ANY MEETING, BUSINESS TRANSACTION, OR OTHER ACTIVITY AT WHICH THE ISSUE MAY BE DISCUSSED OR ON WHICH THE ISSUE MAY HAVE A BEARING ON THE PERSON'S APPROACH TO THE ISSUE, WHETHER DIRECTLY OR INDIRECTLY; OR IF NOT KNOWN IN ADVANCE, WHEN THE ACTUAL, POSSIBLE, OR POTENTIAL CONFLICT BECOMES APPARENT. DISCLOSURE MUST BE MADE TO THE PERSON IN CHARGE OF THE MEETING OR ACTIVITY AND TO THE FULL MEETING, OR TO THE PERSON'S SUPERVISOR, AS APPROPRIATE. THE PERSON SHOULD REMOVE HIMSELF/HERSELF FROM THE ROOM OR SITUATION TO AVOID PARTICIPATION IN ALL DISCUSSION OR DELIBERATION ON THE ISSUE, AND VOTING. ALL SUCH ACTIONS SHOULD BE RECORDED IN ANY MINUTES OR RECORDS KEPT. FOLLOWING FULL DISCLOSURE OF THE PRESENT OR POTENTIAL CONFLICT, THE BOARD OR EQUIVALENT GROUP MAY DECIDE THAT NO CONFLICT OF INTEREST EXISTS AND INVITE THE PARTICIPATION OF THE PERSON. ANY DISCUSSION OF POTENTIAL CONFLICTS OF INTEREST IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: PROVIDE SPECIFIC SCHOLARSHIP AWARDS TO STUDENTS MEETING CRITERIA SPECIFIED BY ENDOWMENT AGREEMENTS. UNION COLLEGE 3800 SOUTH 48TH STREET LINCOLN NE 68506 470405319 EDUCATION NE 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0