2024-04-16T10:20:33-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-07-01 820200907 NORTHWEST NAZARENE UNIVERSITY INC NORT 2084678525 623 S UNIVERSITY BOULEVARD NAMPA ID 83686 STEVEN EMERSON VP FOR FINANCE AND OPERATIONS 2084678525 2024-04-15 1 STEVEN EMERSON 999009999 1 ANN NEIL P01817922 6123764500 2024-04-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOEL PEARSALL 623 S UNIVERSITY BOULEVARD NAMPA ID 83686 108629888 0 X WWW.NNU.EDU X 1913 ID THE MISSION OF NNU IS THE TRANSFORMATION OF THE WHOLE PERSON. 39 39 871 75 432825 6955 18188071 6079281 56265937 56915411 5351159 2623040 376483 41424 80181650 65659156 20641923 20132911 0 0 23994824 25344815 0 0 2832060 21183005 20942478 65819752 66420204 14361898 -761048 159125103 165106489 32482557 31514407 126642546 133592082 X THE MISSION OF NORTHWEST NAZARENE UNIVERSITY (NNU) IS THE TRANSFORMATION OF THE WHOLE PERSON. CENTERED IN JESUS CHRIST, THE NNU EDUCATION INSTILLS HABITS OF HEART, SOUL, MIND, AND STRENGTH TO ENABLE EACH STUDENT TO BECOME GOD'S CREATIVE AND REDEMPTIVE AGENT IN THE WORLD. NORTHWEST NAZARENE UNIVERSITY STRIVES TO BE A VIBRANT EDUCATIONAL COMMUNITY THAT INTEGRATES AND REFLECTS CHRISTIAN FAITH IN ALL THAT IT DOES. THE UNIVERSITY SEEKS TO PROVIDE NATIONALLY-RECOGNIZED PROGRAMS DISTINGUISHED BY GRADUATES WHO ARE ACADEMICALLY PREPARED, SPIRITUALLY GROUNDED, SERVICE MINDED, GLOBALLY ENGAGED, AND VOCATIONALLY SUCCESSFUL. 0 0 41498193 20132911 49525246 INSTRUCTIONAL SERVICES AND ORGANIZED RESEARCH:NORTHWEST NAZARENE UNIVERSITY, A CHRISTIAN COMPREHENSIVE UNIVERSITY, OFFERS MORE THAN 60 AREAS OF STUDY, 16 MASTER'S DEGREES IN SIX DIFFERENT DISCIPLINES, 3 DOCTORAL DEGREES, ACCELERATED DEGREE PROGRAMS, CONCURRENT CREDIT FOR HIGH SCHOOL STUDENTS, AND A VARIETY OF CONTINUING EDUCATION CREDITS. IN ADDITION TO ITS 90-ACRE CAMPUS LOCATED IN NAMPA, IDAHO, THE UNIVERSITY OFFERS PROGRAMS ONLINE AS WELL AS IN IDAHO FALLS, AND IN COOPERATION WITH PROGRAMS IN TEN COUNTRIES. FOUNDED IN 1913, THE UNIVERSITY SERVES OVER 1,600 UNDERGRADUATE AND GRADUATE STUDENTS, MORE THAN 6,000 CONTINUING EDUCATION STUDENTS, AND OVER 7,000 HIGH SCHOOL STUDENTS THROUGH THE CONCURRENT CREDIT PROGRAM. 10186722 0 2112771 ACADEMIC SUPPORT AND STUDENT SERVICES:LIBRARY SERVICES: NNU'S LIBRARY RESOURCES ARE EXCELLENT AND MOST ARE DELIVERED VIA THE WEB WITH ACCESS TO LIBRARIES ACROSS THE COUNTRY AND AROUND THE WORLD.MARKETING AND MEDIA: NNU'S OFFICE OF MARKETING AND MEDIA IS RESPONSIBLE FOR HELPING THE UNIVERSITY TELL ITS STORY -- THAT NNU SEEKS A MORE EXCELLENT WAY; A WAY ROOTED IN LOVE. THE AUDIENCE FOR THIS STORY INCLUDES PROSPECTIVE STUDENTS, DONORS, ALUMNI, THE COMMUNITY, MEDIA, AND FACULTY AND STAFF. THE OFFICE OFFERS ITS SERVICES ACROSS CAMPUS IN MARKETING, BRANDING, RESEARCH OR EXPERTISE IN CONTENT DEVELOPMENT, DESIGN, PHOTOGRAPHY, AND MEDIA RELATIONS, TO HELP EACH DEPARTMENT TELL ITS OWN PART OF THE NNU STORY.ACADEMIC SUPPORT CENTER: PROVIDES A VARIETY OF SERVICES TO ALL NNU STUDENTS, INCLUDING WRITING CONSULTING, SUBJECT AREA TUTORING BY PEERS, AND COURSES FOR CREDITS.INFORMATION TECHNOLOGY SERVICES (ITS): OFFERS COMPUTER TECHNICAL SUPPORT TO THE NNU CAMPUS AND A WIDE VARIETY OF AUDIO/VISUAL SERVICES TO THE CAMPUS, AREA CHURCHES, AND THE COMMUNITY. SERVICES OFFERED INCLUDING MAKING COPIES, TRANSPARENCIES, PROVIDING MATERIALS NEEDED TO PRODUCE INSTRUCTIONAL MATERIALS AND SIGNS, LAMINATING, AUDIO AND VIDEO RECORDING AND DUPLICATING, PHOTOGRAPHY, SENDING AND RECEIVING FAXES, AND OTHER RELATED SERVICES. ITS MAINTAINS A LARGE INVENTORY OF MEDIA EQUIPMENT THAT IS AVAILABLE FOR CLASSROOM INSTRUCTION, FOR STUDENT ASSIGNMENTS, AND FOR USE BY OTHER MEMBERS OF THE CAMPUS COMMUNITY.STUDENT DEVELOPMENT: THE OFFICE OF STUDENT DEVELOPMENT IS CHARGED WITH TAKING CARE OF EVERY ASPECT OF THE STUDENT EXPERIENCE AT NNU. IT INCLUDES RESIDENTIAL LIFE, STUDENT GOVERNMENT, SPIRITUAL LIFE, THE CAMPUS WELLNESS CENTER, MULTICULTURAL AFFAIRS, INTRAMURAL ATHLETICS, AND THE CAREER CENTER.INTERCOLLEGIATE ATHLETICS: NNU IS A MEMBER OF THE GREAT NORTHWEST ATHLETIC CONFERENCE (GNAC), COMPRISED OF 11 NCAA DIVISION II SCHOOLS. SPORTS OFFERED AT NNU INCLUDE MEN'S AND WOMEN'S BASKETBALL, MEN'S AND WOMEN'S CROSS COUNTRY, MEN'S AND WOMEN'S TRACK AND FIELD, MEN'S AND WOMEN'S SOCCER, MEN'S AND WOMEN'S GOLF, MEN'S BASEBALL, WOMEN'S SOFTBALL, AND WOMEN'S VOLLEYBALL. 5924701 0 4883600 AUXILIARY SERVICES:FOOD SERVICES: MEALS ARE PROVIDED AT NORTHWEST NAZARENE UNIVERSITY BY SODEXO, INC. AND AFFILIATES. MOST STUDENTS LIVING ON CAMPUS ARE REQUIRED TO CARRY A MEAL PLAN. MEAL PLAN OPTIONS ARE BASED ON THE RESIDENCE HALL BEING LIVED IN. AN AVERAGE OF 585 STUDENTS WERE ENROLLED IN SOME TYPE OF MEAL PLAN ON CAMPUS FOR THE CURRENT FISCAL YEAR.PROGRAM SERVICE ACCOMPLISHMENTS: CONVENIENCE OF ON-CAMPUS LIVING. ALL SEVEN FACILITIES COMBINE FOR A TOTAL CAPACITY OF MORE THAN 800 STUDENTS. ALL UNMARRIED STUDENTS WHO DO NOT HAVE SENIOR STANDING OR ARE LESS THAN 23 YEARS OF AGE ARE REQUIRED TO LIVE IN ONE OF THE RESIDENCE HALLS UNLESS THEY ARE SPECIFICALLY GRANTED AN EXCEPTION.ON-CAMPUS BOOKSTORE: LOCAL ON-CAMPUS AND ON-LINE BOOKSTORE SERVING THE NEEDS OF STUDENTS, FACULTY, STAFF, PARENTS, AND ALUMNI OF NORTHWEST NAZARENE UNIVERSITY. AN ASSORTMENT OF ITEMS IS AVAILABLE TO SUPPORT THE ACADEMIC CAREER AND SCHOOL SPIRIT.CONFERENCES AND EVENTS: HANDLES RENTALS/PLANNING FOR EVENTS, CONFERENCES, CAMPS, ETC., HELD IN THE PERFORMING ARTS CENTER AS WELL AS OTHER AREAS ACROSS CAMPUS.RESIDENTIAL RENTALS: OVER THE PAST SEVERAL YEARS, THE UNIVERSITY HAS PURCHASED VARIOUS PROPERTIES THAT ARE IN THE VICINITY OF THE MAIN CAMPUS. THESE PROPERTIES ARE TO BE USED, ACCORDING TO THE CAMPUS MASTER PLAN, FOR FUTURE EXPANSION OF THE CAMPUS. DEPENDING ON THE CONDITION OF THE HOMES ON THESE PROPERTIES, THEY HAVE EITHER BEEN DEMOLISHED OR TURNED INTO RENTAL PROPERTIES UNTIL SUCH TIME AS THEY ARE NEEDED FOR CAMPUS EXPANSION. 57609616 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 2502 0 1 871 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 39 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OR UT WA ID X STEVEN EMERSON 2084678310 623 S UNIVERSITY BLVD NAMPA ID 83686 JOEL PEARSALL PRESIDENT 50.00 X X 206231 0 35686 MIKE ZAHARE CHAIRMAN 1.50 X X 0 0 0 JERRY KESTER VICE-CHAIRMAN 1.50 X X 0 0 0 DAVID SLONAKER SECRETARY 1.50 X X 0 0 0 JEFF ALEXANDER TRUSTEE 1.00 X 0 0 0 DARCY ARMSTRONG TRUSTEE 1.00 X 0 0 0 VIRGIL ASKREN TRUSTEE 1.00 X 0 0 0 GARY BORGHELLO TRUSTEE 1.00 X 0 0 0 RYAN COMINGDEER TRUSTEE 1.00 X 0 0 0 RICK DANIELS TRUSTEE 1.00 X 0 0 0 HEIDI HAGEMEIER TRUSTEE 1.00 X 0 0 0 BOB HAMILTON TRUSTEE 1.00 X 0 0 0 PAM HANDY TRUSTEE 1.00 X 0 0 0 JOHN HANNA TRUSTEE 1.00 X 0 0 0 PAUL HARTLEY TRUSTEE 1.00 X 0 0 0 JUDY JENNINGS TRUSTEE 1.00 X 0 0 0 JENNA KEARNS TRUSTEE 1.00 X 0 0 0 PAULA KELLERER TRUSTEE 1.00 X 0 0 0 BRIAN KNIGHT TRUSTEE 1.00 X 0 0 0 JOSEPH LANHAM TRUSTEE 1.00 X 0 0 0 LAURA LEHMAN TRUSTEE 1.00 X 0 0 0 JAYME LENKER TRUSTEE 1.00 X 0 0 0 DENNIS LINNELL TRUSTEE 1.00 X 0 0 0 JIM LYNCH TRUSTEE 1.00 X 0 0 0 DAVE MOWRY TRUSTEE 1.00 X 0 0 0 MELISSA MOWRY TRUSTEE 1.00 X 0 0 0 BECCA NOTBOHM TRUSTEE 1.00 X 0 0 0 JULIE O'HARA TRUSTEE 1.00 X 0 0 0 MIKE O'NEILL TRUSTEE 1.00 X 0 0 0 MARIA QUICK TRUSTEE 1.00 X 0 0 0 BRETT RICKEY TRUSTEE 1.00 X 0 0 0 DAVID RODES TRUSTEE 1.00 X 0 0 0 J SCOTT SHAW TRUSTEE 1.00 X 0 0 0 JULIE SIEVERS TRUSTEE 1.00 X 0 0 0 ROBERT SKINNER TRUSTEE 1.00 X 0 0 0 JOY STREIGHT TRUSTEE 1.00 X 0 0 0 BOB WALKER TRUSTEE 1.00 X 0 0 0 MILLIE WATKINS TRUSTEE 1.00 X 0 0 0 CHAD WILKS TRUSTEE 1.00 X 0 0 0 MIKE YOST TRUSTEE 1.00 X 0 0 0 STEVE EMERSON VP OF FINANCE & OPERATIONS 50.00 X 127169 0 68500 BRADLEY KURTZ-SHAW VP OF ACADEMIC AFFAIRS 50.00 X 133048 0 7616 MARK WHEELER VP OF EXTERNAL RELATIONS 50.00 X 117735 0 29250 LINDA VALENZUELA DEAN OF NURSING 50.00 X 113002 0 7557 697185 0 148609 5 0 1 0 SODEXO INC & AFFILIATES 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 BOARD/CATERING/FOOD SERVICE/FACILITIES 3890270 DRAKE COOPER INC 416 S 8TH ST 300 BOISE ID 83702 ADVERTISING 725081 ANTHOLOGY INC 5201 CONGRESS AVE STE 220A BOCA RATON FL 33487 EDUCATIONAL TECHNOLOGY SERVICES 655014 UPSON COMPANY 4512 E USTICK RD CALDWELL ID 83605 COMMERCIAL ROOF REPAIR 471251 DISASTER MITIGATION CO LLC 1601 ESSINGTON CT NAMPA ID 83686 PROPERTY DAMAGE RESTORATION 244175 21 719433 5359848 349628 6079281 TUITION AND FEES 611600 49525244 49525244 AUXILIARY SERVICES 721310 4844936 4844936 ATHLETIC REVENUE 711210 919159 919159 OTHER STUDENT FEES 611710 832679 832679 STUDENT GOVT RECEIPTS 611710 360934 360934 432459 432459 56915411 2006653 366 2006287 274253 125550 148703 148703 148703 43104936 45796 42534345 0 570591 45796 616387 616387 200799 310837 -110038 -110038 OTHER SERVICES 900099 2759 2759 2759 65659156 56521617 432825 2625433 19853939 19853939 278972 278972 591187 73355 351489 166343 18504111 15893108 1613965 997038 700475 685853 14622 4384516 3836666 327326 220524 1164526 992498 100262 71766 127792 1100 124105 2587 109250 109250 46509 46509 5213886 4037859 446025 730002 260149 185485 10607 64057 1531705 1382078 149627 1217837 429781 713621 74435 3203165 3079887 89005 34273 2128928 1901413 140656 86859 159515 152613 3402 3500 1097079 1097079 3538056 3316498 194982 26576 523578 4184 519394 MISCELLANEOUS 859136 805219 2681 51236 ENTERTAINMENT/RECEPTION 460301 358060 9424 92817 MEMBERSHIPS/SUBSCRIPTIO 328149 208675 69973 49501 EQUIPMENT RENTAL/REPAIR 137443 85864 40660 10919 66420204 57609616 5978528 2832060 1455994 1538448 15024354 13280609 3107817 2598201 672871 638996 115317 3040 153690 135406 110724515 47390335 62487356 63334180 74053291 81579496 826023 777012 134725 156561 1093665 1064540 159125103 165106489 2454217 2293840 1971140 1833439 25149153 24695101 2908047 2692027 32482557 31514407 X 70427571 70369958 56214975 63222124 126642546 133592082 159125103 165106489 X -761048 8045388 -334804 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 63588144 63588144 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 0 810598 X X 0 53597223 1032858 8073360 2285340 480 60417621 61223056 2863276 -8391458 1932560 165091 53597223 47852563 2982708 12138305 1750520 61223056 43367101 2444877 4615710 2575125 47852563 56285406 1023235 3558611 2493790 15006361 43367101 0.10620 0.62060 0.27320 0 0 1544846 3325975 4870821 664334 77134787 30761873 47037248 13345048 8993317 4351731 14709525 7635145 7074380 63334180 POST-RETIREMENT PAYABLE 797523 CHARITABLE TRUST FUNDS PAYABLE 1660932 ANNUITIES PAYABLE 233572 2692027 X 53673216 8045388 101583 8146971 45526245 20132911 20132911 65659156 46723680 436387 436387 46287293 20132911 20132911 66420204 PART III, LINE 4: COLLECTIONS OF VARIOUS ARTWORKS SUCH AS PRINTS, SCULPTURES, ETC., ARE HELD FOR PUBLIC EXHIBITION AS WELL AS FOR EDUCATION AND PRESERVATION FOR FUTURE GENERATIONS TO ENJOY. THERE ARE TWO INDOOR GALLERIES AND AN OUTDOOR SCULPTURE PARK AS WELL AS VARIOUS SCULPTURES SITUATED ACROSS THE 90-ACRE CAMPUS. PART V, LINE 4: ENDOWMENT FUNDS ARE BEING HELD FOR SCHOLARSHIPS, RESEARCH FELLOWSHIPS, AND MISCELLANEOUS USES AS SPECIFIED BY DONORS AT THE TIME THE FUNDS WERE ORIGINALLY DONATED TO THE UNIVERSITY. PART X, LINE 2: NORTHWEST NAZARENE UNIVERSITY AND NORTHWEST NAZARENE UNIVERSITY FOUNDATION ARE ORGANIZED AS IDAHO NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND (VIII), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTIONS 509(A)(1) AND (3), RESPECTIVELY. EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. EACH ENTITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ENTITIES WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES WERE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 310,837. RENTAL EXPENSES 125,550. CHANGE IN VALUE OF TRUSTS AND ANNUITIES -334,804. PART XI, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 20,132,911. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 310,837. RENTAL EXPENSES 125,550. PART XII, LINE 4B - OTHER ADJUSTMENTS: COLLEGE FUNDED SCHOLARSHIPS 20,132,911. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NORTWEST NAZARENE UNIVERSITY'S NONDISCRIMATORY POLICY IS DISPLAYED ON THE BOTTOM OF THEIR INTERNET HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY IS THE RECIPIENT AND/OR SUBRECIPIENT OF SEVERAL FEDERAL GRANTS. ADDITIONALLY, THE STATE OF IDAHO AND SOME OTHER STATES PROVIDE FINANCIAL AID FOR STUDENTS FROM THOSE STATES. 1 SOUTH ASIA 1 4 PROGRAM SERVICES STUDY TOUR FOR THE MUSIC DEPARTMENT 110625 EUROPE (INCLUDING ICELAND & GREENLAND) 2 2 PROGRAM SERVICES STUDY TOUR FOR THE THEOLOGY & ART/DESIGN DEPARTMENTS. 77404 SUB-SAHARAN AFRICA 1 3 PROGRAM SERVICES STUDY TOUR FOR ECOLOGY DEPARTMENT 76973 SUB-SAHARAN AFRICA 1 3 PROGRAM SERVICES SERVICE TRIP FOR NURSING DEPARTMENT 33795 NORTH AMERICA 1 10 PROGRAM SERVICES ATHLETICS - AWAY GAMES FOR MISCELLANEOUS SPORTS 16394 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 STUDENT FINANCIAL AID 185841 EAST ASIA AND THE PACIFIC 0 0 STUDENT FINANCIAL AID 64181 SUB-SAHARAN AFRICA 0 0 STUDENT FINANCIAL AID 28950 6 22 0 0 6 22 594163 0 594163 STUDENT FINANCIAL AID EUROPE 8 185841 CHECK / ACH N/A N/A STUDENT FINANCIAL AID EAST ASIA & THE PACIFIC 6 64181 CHECK / ACH N/A N/A STUDENT FINANCIAL AID SUB-SAHARAN AFRICA 7 28950 CHECK / ACH N/A N/A 0 0 0 0 0 0 PART I, LINE 2: NORTHWEST NAZARENE UNIVERSITY MONITORS THE USE OF ITS GRANT FUNDS AS REQUIRED BY THE INDIVIDUAL GRANT PROGRAMS AND DONOR CRITERIA ESTABLISHED AT THE TIME OF THE ORIGINAL DONATION. THESE ARE MONITORED THROUGH THE ANNUAL AUDITING PROCESS AS WELL AS THROUGH FEDERAL AND STATE REPORTING REQUIREMENTS. ISIR/FAFSA AND HIGH SCHOOL TRANSCRIPTS SHOWING ELIGIBILITY FOR GRANTS ARE MAINTAINED IN THE STUDENT'S FILE FOR A PERIOD OF 7 YEARS AFTER THE STUDENT WITHDRAWS OR FINISHES THEIR PROGRAMS. GRANT AMOUNTS APPEAR ON THE AWARD LETTER IN THE FILE AS WELL AS ON THE INDIVIDUAL'S FINANCIAL AID RECORD IN THE DATABASE. PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS - GRADUATE 30 339482 177602 ACTUAL COST TUITION REMISSION SCHOLARSHIP - UNDERGRADUATE 1064 17806266 1371362 ACTUAL COST TUITION REMISSION FELLOWSHIPS - RESEARCH STUDENTS 203 158627 0 ACTUAL COST TUITION REMISSION PART I, LINE 2: NORTHWEST NAZARENE UNIVERSITY MONITORS THE USE OF ITS GRANT FUNDS AS REQUIRED BY THE INDIVIDUAL GRANT PROGRAMS AND DONOR CRITERIA ESTABLISHED AT THE TIME OF THE ORIGINAL DONATION. THESE ARE MONITORED THROUGH THE ANNUAL AUDITING PROCESS AS WELL AS THROUGH FEDERAL AND STATE REPORTING REQUIREMENTS. ISIR/FAFSA AND HIGH SCHOOL TRANSCRIPTS SHOWING ELIGIBILITY FOR GRANTS ARE MAINTAINED IN THE STUDENT'S FILE FOR A PERIOD OF 7 YEARS AFTER THE STUDENT WITHDRAWS OR FINISHES THEIR PROGRAMS. GRANT AMOUNTS APPEAR ON THE AWARD LETTER IN THE FILE AS WELL AS ON THE INDIVIDUAL'S FINANCIAL AID RECORD IN THE DATABASE. PART III, COLUMN (B): THE STUDENTS WHO RECEIVED AID ARE COUNTED BASED ON WHETHER THEY ARE A GRADUATE OR UNDERGRADUATE STUDENT, AND THE TOTAL AID IS CALCULATED BASED ON CASH OR NON CASH ASSISTANCE. GRANT/ASSISTANCE GIVEN TO NON U.S. RESIDENT STUDENTS IS DEDUCTED FROM THESE TOTALS AND RECORDED ON ACTIVITIES OUTSIDE THE U.S. THE STUDENTS WHO RECEIVED AID ARE COUNTED BASED ON WHETHER THEY ARE A GRADUATE OR UNDERGRADUATE STUDENT, AND THE TOTAL AID IS CALCULATED BASED ON CASH OR NON CASH ASSISTANCE. GRANT/ASSISTANCE GIVEN TO NON U.S. RESIDENT STUDENTS IS DEDUCTED FROM THESE TOTALS AND RECORDED ON ACTIVITIES OUTSIDE THE U.S. STUDENTS WHO RECEIVE FELLOWSHIP GRANT PAYMENTS ARE COUNTED AND THEIR TOTAL GRANT ASSISTANCE CALCULATED. 1 X X X 0 0 0 0 0 0 0 0 0 JOEL PEARSALL PRESIDENT 206231 0 0 0 0 0 12636 0 23050 0 241917 0 0 0 STEVE EMERSON VP OF FINANCE & OPERATIONS 127169 0 0 0 0 0 8138 0 60362 0 195669 0 0 0 A PUBLIC FINANCE AUTHORITY 273866124 74442PJS5 2018-07-31 26045122 SEE PART VI 0 0 0 A 895969 26045122 1549688 435775 8679660 15380000 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: PUBLIC FINANCE AUTHORITY OF WISCONSIN (F) DESCRIPTION OF PURPOSE: REFINANCE 2013 BOND; CAPITAL IMPROVEMENTS SCHEDULE K, PART II, PROCEEDS EXPLANATION ROUNDING 193460 MERIT/NEED BASED SCHOLARSHIP SCHOLARSHIP 116748 TUITION REMISSION TUITION REMISSION KAREN KNIGHT WIFE OF KEY EMPLOYEE BRYON KNIGHT 22868 EMPLOYMENT COMPENSATION 0 TIMOTHY STREIGHT SON OF TRUSTEE JOY STREIGHT 29333 EMPLOYMENT COMPENSATION 0 DENICE TRACY COUSIN OF KEY EMPLOYEE JUDI JAHN 34535 EMPLOYMENT COMPENSATION 0 KELLY COVINGTON WIFE OF KEY EMPLOYEE DAVE COVINGTON 35255 EMPLOYMENT COMPENSATION 0 DAVID KOHAGEN SON-IN-LAW OF TRUSTEES DAVE & MELISSA MOWRY 35454 COMPENSATION/BENEFITS 0 PARKER AKKERMAN DAUGHTER OF KEY EMPLOYEE JAY AKKERMAN 37528 EMPLOYMENT COMPENSATION 0 MICHELLE EMERSON SISTER-IN-LAW OF KEY EMPLOYEE STEVE EMERSON 38712 EMPLOYMENT COMPENSATION 0 SYDNEY KNIGHT DAUGHTER OF TRUSTEE BRIAN KNIGHT 41350 EMPLOYMENT COMPENSATION 0 ANDREA MORGAN DAUGHTER OF KEY EMPLOYEE PAM BECK 43534 EMPLOYMENT COMPENSATION 0 SHANNON HEMPHILL WIFE OF KEY EMPLOYEE BRYON HEMPHILL 47096 EMPLOYMENT COMPENSATION 0 JULIE BARRASS NIECE OF PRESIDENT JOEL PEARSALL 47475 EMPLOYMENT COMPENSATION 0 AMY ACKLEY SISTER-IN-LAW OF TRUSTEE HEIDI HAGEMEIER 61736 EMPLOYMENT COMPENSATION 0 DAVE COVINGTON HUSBAND OF KEY EMPLOYEE KELLY COVINGTON 95783 EMPLOYMENT COMPENSATION 0 X 5 338619 AVERAGE STOCK PRICE X GIFT IN KIND 8 11010 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 1A THE FULL BOARD OF TRUSTEES COMES TOGETHER TWICE EACH YEAR, IN OCTOBER AND MARCH. FOR MATTERS THAT COME UP IN BETWEEN THESE TWO MEETINGS, THE BOARD HAS ESTABLISHED AN EXECUTIVE COMMITTEE TO ACT ON ITS BEHALF. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRPERSON, THE VICE CHAIRPERSON, THE SECRETARY OF THE BOARD, AND FIVE OTHER PERSONS ELECTED FROM AMONG THE MEMBERS OF THE BOARD OF TRUSTEES. REPRESENTATION INCLUDES FOUR LAY REPRESENTATIVES AND FOUR MINISTERIAL REPRESENTATIVES, AT LEAST ONE DISTRICT SUPERINTENDENT, AND AT LEAST ONE PASTOR. THE PRESIDENT OF THE UNIVERSITY IS A NON-VOTING, EX-OFFICIO MEMBER OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT FOR THE UNIVERSITY WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION. IN ADDITION, THE EXECUTIVE COMMITTEE OVERSEES THE WORK OF BOARD COMMITTEES AND SERVES AS THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES. NON-WITHSTANDING THE ABOVE, THE FOLLOWING MATTERS ARE RESERVED FOR THE BOARD OF TRUSTEES UNLESS DELEGATED TO THE EXECUTIVE COMMITTEE: PRESIDENTIAL SELECTION AND TERMINATION; CHANGES IN INSTITUTIONAL MISSION AND PURPOSE; CHANGES TO THE ARTICLES OF INCORPORATION AND/OR BYLAWS, INCURRING CORPORATE INDEBTEDNESS; SALE OF UNIVERSITY REAL PROPERTY; ADOPTION OF THE ANNUAL BUDGET; CONFERRAL OF DEGREES; AND OTHER POWERS EXPRESSLY RESERVED TO THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE REGULARLY REPORTS ITS ACTIONS TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 JERRY KESTER AND MILLIE WATKINS HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE DISTRICT ASSEMBLIES ON THE NORTHWEST USA REGION OF THE CHURCH OF NAZARENE SHALL ELECT, CONSISTENT WITH THE ARTICLES OF INCORPORATION AND THE BYLAWS OF THE UNIVERSITY, THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B ANY PROPOSED AMENDMENTS TO THE UNIVERSITY'S ARTICLES OF INCORPORATION MUST BE RATIFIED BY A MAJORITY VOTE IN TWO-THIRDS OF THE DISTRICT ASSEMBLIES IN THE NORTHWEST USA REGION. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 HAS BEEN PREPARED BY THE UNIVERSITY'S ACCOUNTING FIRM, IT IS REVIEWED BY THE CONTROLLER AND THE VP FOR FINANCE (CFO) FOR ANY MISSING AND/OR INACCURATE NUMBERS, STATEMENTS, ETC. WHEN MANAGEMENT IS SATISFIED THAT IT IS ACCURATE AND COMPLETE, AN ELECTRONIC COPY OF THE FORM AND ALL SCHEDULES IS EMAILED TO THE INDIVIDUALS ON THE AUDIT COMMITTEE FOR THEIR REVIEW. IF THE TIMING IS SUCH THAT IT CAN BE READILY REVIEWED AT A REGULARLY-SCHEDULED BOARD MEETING, THE AUDIT COMMITTEE DISCUSSES ANY QUESTIONS THEY HAVE WITH MANAGEMENT AND/OR THE ACCOUNTING FIRM AT THE MEETING. WHEN ALL QUESTIONS HAVE BEEN ANSWERED TO THEIR SATISFACTION, ALL OTHER TRUSTEES RECEIVE AN ELECTRONIC COPY OF THE RETURN BEFORE IT IS ELECTRONICALLY FILED WITH THE IRS. IF THE TIMING DOES NOT COINCIDE WITH A REGULARLY-SCHEDULED BOARD MEETING, THE MEMBERS OF THE AUDIT COMMITTEE DIRECT ANY QUESTIONS THEY HAVE TO THE CONTROLLER AND/OR CFO EITHER INDIVIDUALLY VIA EMAIL OR TELEPHONE OR A TELEPHONE CONFERENCE CALL MEETING IS HELD AT WHICH ALL OF THE COMMITTEE CAN DISCUSS ANY QUESTIONS THEY HAVE. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF TRUSTEES SHALL, ANNUALLY, SIGN A STATEMENT CERTIFYING THAT THEY HAVE READ, UNDERSTAND, AND AGREE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. IF THERE ARE ANY EXCEPTIONS, THEY ARE REQUIRED TO STATE THEM AND EXCUSE THEMSELVES FROM VOTING ON ANY BUSINESS RELATED TO THE AREA OF CONFLICT. ADDITIONALLY, ANY EMPLOYEES WHO REPORT DIRECTLY TO THE PRESIDENT OR A VICE PRESIDENT SHALL SIGN THE SAME STATEMENT, ALSO NOTING ANY EXCEPTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY PRESIDENT'S SALARY IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THEY USE COMPARATIVE POSITION AND SALARY DATA FROM OTHER UNIVERSITIES OF SIMILAR SIZE AND DEMOGRAPHICS, SUCH AS SCHOOLS WITHIN THE COUNCIL FOR CHRISTIAN COLLEGES & UNIVERSITIES (CCCU) AND THE UNIVERSITY'S SEVEN SISTER NAZARENE UNIVERSITIES. THEIR RECOMMENDATION IS THEN TAKEN TO THE FULL BOARD OF TRUSTEES FOR THEIR APPROVAL. DETAILED MINUTES ARE KEPT OF ALL MEETINGS OF BOTH THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THE SALARIES OF THE OTHER OFFICERS ARE DETERMINED ANNUALLY USING COMPARATIVE POSITION AND SALARY DATA FROM OTHER UNIVERSITIES OF SIMILAR SIZE AND DEMOGRAPHICS. THIS PROCESS IS DIRECTED AND UNDERTAKEN BY THE PRESIDENT. COMPENSATION RECOMMENDATIONS MADE BY THE PRESIDENT IS REPORTED TO GOVERNANCE AND IS DETERMINED WITHIN THE ESTABLISHED BUDGETARY PROCESS OF THE UNIVERSITY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THEY ARE AVAILABLE FOR REVIEW DURING REGULAR BUSINESS HOURS AND A COPY CAN BE OTAINED WITHIN A REASONABLE TIME PERIOD. THE REQUESTOR MAY BE REQUIRED TO PAY THE COSTS OF REPRODUCING THE COPIES, IF NEEDED. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF TRUSTS AND ANNUITIES -334,804. FORM 990, PART XII, LINE 2C: THIS PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. NORTHWEST NAZARENE UNIVERSITY FOUNDATION INC 623 S UNIVERSITY BLVD NAMPA ID 83686 820432900 PROVIDE SUPPORT TO NW NAZARENE UNIVERSITY INC ID 501(C)(3) LINE 12A, I NORTHWEST NAZARENE UNIVERSITY INC 1 CHARITABLE REMAINDER TRUSTS (25) INVESTMENTS ID NORTHWEST NAZARENE UNIVERSITY INC T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0