2023-05-12T15:07:47-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2021-07-01 410711610 UNIVERSITY OF NORTHWESTERN - ST PAUL UNIV 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 JOHN SOMMERVILLE VP FOR FINANCE & OPS/CFO 6516315100 2023-05-10 1 JOHN SOMMERVILLE 999009999 SARAH HINTZ P00492291 3037795710 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NORTHWESTERN MEDIA DR CORBIN HOORNBEEK 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 140694501 0 X WWW.UNWSP.EDU X 1902 MN WE SEEK TO REACH ALL NATIONS FOR JESUS, THROUGH CHRIST-CENTERED HIGHER EDUCATION AND MEDIA. 22 21 1790 470 162870 122616 30511155 38212344 74949111 81280084 4200650 4305035 339523 507316 110000439 124304779 22415035 24292852 0 0 47528495 47828703 735653 825669 3575659 30803179 40180663 101482362 113127887 8518077 11176892 144732947 139959111 32548600 20375751 112184347 119583360 X SEE SCHEDULE O. FOUNDED IN 1902, UNIVERSITY OF NORTHWESTERN - ST. PAUL IS A NONDENOMINATIONAL CHRISTIAN UNIVERSITY THAT INTEGRATES THE EDUCATIONAL PHILOSOPHY OF "FAITH, LEARNING AND LIVING" THROUGH TWO FOCUSES: HIGHER EDUCATION AND MEDIA. THE MISSION OF THE UNIVERSITY IS 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. 0 0 49192698 23765207 58441319 SEE SCHEDULE O.ACADEMIC INSTRUCTION AND SUPPORT:THE HIGHER EDUCATION FOCUS OFFERS A VAST ARRAY OF OPPORTUNITIES WITHIN A STRONG ACADEMIC PROGRAM. NORTHWESTERN OFFERS MORE THAN 70 AREAS OF STUDY RANGING FROM ELEMENTARY EDUCATION AND PASTORAL STUDIES TO BROADCASTING/ELECTRONIC MEDIA AND PSYCHOLOGY. THE CORE COMPONENT IS THE TRADITIONAL UNDERGRADUATE PROGRAM, WHICH ENROLLS OVER 1,570 STUDENTS. THE COLLEGE OF ADULT & GRADUATE STUDIES, WHICH SERVES AN ADDITIONAL 250 STUDENTS, INCLUDES THE ADULT UNDERGRADUATE PROGRAM AND GRADUATE STUDIES. DUAL ENROLLMENT, INCLUDING PSEO/EARLY COLLEGE AND ONLINE LEARNING TOGETHER SERVE APPROXIMATELY 1,820, BRINGING TOTAL ENROLLMENT TO OVER 3,640 STUDENTS ACROSS ALL VENUES. NORTHWESTERN'S 107-ACRE LAKESIDE CAMPUS IS LOCATED IN SUBURBAN SAINT PAUL, MINNESOTA. NORTHWESTERN IS A COMMUNITY IN WHICH ALL LEARNING IS FRAMED WITHIN THE CONTEXT OF A BIBLICAL WORLDVIEW. STUDENTS WHO ENROLL AS FRESHMAN ARE REQUIRED TO COMPLETE 22 CREDITS OF BIBLE COURSES AS PART OF THEIR CORE CURRICULUM, THEREBY MAKING THEM ELIGIBLE FOR A SECOND MAJOR IN BIBLE FROM THE DEPARTMENT OF BIBLICAL AND THEOLOGICAL STUDIES. DAILY CHAPEL IS AN INTEGRAL PART OF THE TRADITIONAL PROGRAM WHERE STUDENTS HEAR WORLD-RENOWNED SPEAKERS AND PARTICIPATE IN PRAISE AND WORSHIP. NORTHWESTERN'S 34,000-PLUS ALUMNI POSITIVELY IMPACT SOCIETY THROUGH CAREERS IN LAW, EDUCATION, MEDICINE, GOVERNMENT, COMPUTER TECHNOLOGY AND FORTUNE 500 BUSINESSES, AS WELL AS IN MISSIONS, CHURCHES AND PARACHURCH MINISTRIES. 26205647 472810 13329770 SEE SCHEDULE O. STUDENT AND AUXILIARY SERVICES:NORTHWESTERN STUDENTS ARE OFFERED A HOST OF ACADEMIC AND PERSONAL SUPPORT SERVICES AND RESOURCES TO HELP STUDENTS SUCCEED. STUDENT SERVICES INCLUDE DEGREE PLANNING, CAREER DEVELOPMENT, COUNSELING, PERSONAL HEALTH AND WELLNESS, ATHLETICS, MINISTRY OPPORTUNITIES, AND MORE. NORTHWESTERN OFFERS 8 RESIDENCE HALLS; 4 TRADITIONAL STYLE RESIDENCE HALLS AND 4 APARTMENT STYLE COMPLEXES THAT ACCOMMODATE THE VARIED NEEDS OF OUR STUDENT POPULATION. DURING THE YEAR 2021-2022, ON-CAMPUS RESIDENTS TOTALED OVER 950 STUDENTS AND DELIVERED DINING SERVICES TO MORE THAN 1,570 STUDENTS VIA OUR CAMPUS DINING PARTNER. OTHER AUXILIARY SERVICES PROVIDED ON CAMPUS INCLUDE TICKETING/EVENTS, A CHILD DEVELOPMENT CENTER SERVING 40 FAMILIES WITH NORTHWESTERN STUDENT PARTICIPATION, AND A CAMPUS STORE. 25108422 54835 5654404 SEE SCHEDULE O.NORTHWESTERN MEDIA:NORTHWESTERN MEDIA FOCUS BEGAN IN 1949 WHEN TWIN CITIES' RADIO STATION KTIS WENT ON THE AIR THANKS TO $44,000 GENERATED BY STUDENTS. FORMER NORTHWESTERN PRESIDENT WILLIAM F. "BILLY" GRAHAM GAVE THE FIRST ON-AIR PRAYER. TODAY, NORTHWESTERN OWNS AND OPERATES 85 NONCOMMERCIAL FCC LICENSES THAT ARE LISTENER-SUPPORTED CHRISTIAN RADIO STATIONS, COVERING 13 MARKETS IN MINNESOTA, NORTH AND SOUTH DAKOTA, IOWA, WISCONSIN, MISSOURI, ILLINOIS, INDIANA, NEBRASKA, AND CONNECTICUT WITH A CONSOLIDATED AUDIENCE OF MORE THAN 1,400,000 LISTENERS A WEEK. NORTHWESTERN MEDIA EXISTS TO LEAD PEOPLE TO CHRIST AND TO NURTURE BELIEVERS IN THEIR SPIRITUAL GROWTH THROUGH CHRIST-CENTERED MEDIA, INCLUDING MAJOR SPONSORSHIP OF CHRISTIAN CONCERTS IN OUR LISTENING AREA. NORTHWESTERN'S MEDIA MINISTRY REACHES BEYOND THE UNITED STATES THROUGH FINANCIAL AND THEOLOGICAL PARTNERSHIPS WITH CHRISTIAN RADIO STATIONS IN BELIZE, ECUADOR, KENYA, GUAM, INDONESIA, MONGOLIA , AND THAILAND. 100506767 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 0 1 1 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 1 2579 0 1 1790 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AK CO MD MA MI MN NH OH OK OR PA SC WA X JOHN SOMMERVILLE 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DR ALAN CURETON PRESIDENT 45.00 2.00 X X 281679 0 48226 GINGER EWING SECRETARY 2.00 0.00 X X 0 0 0 DR GEORGE KENWORTHY CHAIR 2.00 0.00 X X 0 0 0 GROVER C SAYRE III VICE CHAIR 2.00 2.00 X X 0 0 0 PAUL BIERHAUS TRUSTEE 2.00 0.00 X 0 0 0 MARGARET DIDDAMS TRUSTEE 2.00 0.00 X 0 0 0 MEGAN DOYLE TRUSTEE 2.00 0.00 X 0 0 0 MARY EDWARDS TRUSTEE 2.00 0.00 X 0 0 0 STAN ERICKSON TRUSTEE 2.00 2.00 X 0 0 0 JOHN FULLER TRUSTEE 2.00 0.00 X 0 0 0 LEIGH HARRISON TRUSTEE 2.00 0.00 X 0 0 0 DEBORAH HEDLUND TRUSTEE 2.00 0.00 X 0 0 0 MARK JOHNSON TRUSTEE 2.00 0.00 X 0 0 0 ARNOLD LINDSTRAND TRUSTEE 2.00 0.00 X 0 0 0 DR NEAL RICH TRUSTEE 2.00 0.00 X 0 0 0 DR RAMON PASTRANO TRUSTEE 2.00 0.00 X 0 0 0 ROBERT RICHERT TRUSTEE 2.00 0.00 X 0 0 0 TOM THOMPSON TRUSTEE 2.00 0.00 X 0 0 0 STEWART VAN DUZER TRUSTEE 2.00 0.00 X 0 0 0 PHILIP VIERLING TRUSTEE 2.00 0.00 X 0 0 0 TERESA WILLIAMS TRUSTEE 2.00 0.00 X 0 0 0 SUSAN WILSON TRUSTEE 2.00 0.00 X 0 0 0 BRYON D KRUEGER CFO (THRU OCT 2021) 45.00 2.00 X 132912 0 28869 JOHN SOMMERVILLE CFO (AS OF NOV 2021) 45.00 2.00 X 21590 0 1334 JASON SHARP SR. VP FOR MEDIA 45.00 0.00 X 163712 0 33467 DR JANET SOMMERS PROVOST/ACADEMIC AFFAIRS 45.00 0.00 X 159177 0 33718 DR APRIL MORETON VP FOR INST. ADVANCEMENT 45.00 2.00 X 172748 0 33299 NINA BARNES VP FOR STUDENT LIFE AND HR 45.00 0.00 X 133449 0 18053 SCOTT JONES ASST VP FOR BUS OPS & TECH/MEDIA 45.00 0.00 X 126808 0 30706 DON JOHNSON PROFESSOR OF PSYCHOLOGY 45.00 0.00 X 119993 0 22332 CHAD MILLER CHIEF INFORMATION OFFICER 45.00 0.00 X 119596 0 30406 1431664 0 280410 27 0 1 0 BON APPETIT MANAGEMENT COMPANY 1701 AMERICAN BLVD E 8 BLOOMINGTON MN 55425 FOOD SERVICE 2937235 FOR KING AND COUNTRY LLC PO BOX 1524 FRANKLIN TN 37065 CONCERT PERFORMER 981510 TODD DEXTER & ASSOCIATES 1800 PRESTON BLVD STE 250 PLANO TX 75093 DIRECT MAIL 855882 GREAT STATES CONSTRUCTION INC 3911 20TH AVE S FARGO ND 58103 CONSTRUCTION SERVICES 616365 ENCOURA 701 BRAZOS ST 5TH FLOOR AUSTIN TX 78701 ENROLLMENT SERVICES 410346 39 64976 125386 38021982 754887 38212344 TUITION 611310 55922600 55922600 MEDIA 515100 9508995 5574066 124326 3810603 EVENT AND SERVICE FEES 611710 6319286 6319286 STUDENT RESIDENT HOUSI 721310 5860567 5860567 FOOD SERVICE 722514 3258093 3258093 410543 410543 81280084 642278 642278 80338 50829 0 12285 80338 38544 118882 80338 38544 17608625 2412750 16115602 243016 1493023 2169734 3662757 3662757 20264 64976 18819 1445 1445 MISCELLANEOUS INCOME 611710 386989 386989 386989 124304779 77425493 162870 8504072 534458 534458 23311716 23311716 446678 446678 1057176 378555 628447 50174 22134 22134 36462212 32153336 3302236 1006640 730000 632306 76096 21598 6950930 6176274 635070 139586 2606251 2268340 268649 69262 186009 168456 15599 1954 96666 96666 1939 1939 825669 825669 88667 88667 9169684 7824422 866903 478359 1859838 1413986 216789 229063 3307000 2200513 935845 170642 2531970 2170509 315936 45525 157597 144236 13361 5013660 4637135 167791 208734 1749815 1515312 82918 151585 227364 202817 17690 6857 521250 475012 43576 2662 6046272 5322550 694268 29454 1560713 1337221 219707 3785 FOOD & MEALS 3575284 3550822 4854 19608 EQUIPMENT RENTAL & MAIN 1867865 1739855 118765 9245 DUES & SUBSCRIPTIONS 642432 522695 93656 26081 STUDENT STIPEND 349889 349889 1226749 1029674 117899 79176 113127887 100506767 9045461 3575659 X 6716828 10680091 15565299 10081228 1029715 1978039 933932 1503230 282335 263002 1390876 782870 172537497 95489407 79483871 77048090 19842861 17917728 1664549 998242 16420156 17253525 1402525 1453066 144732947 139959111 6801707 6329655 1173348 1238721 12572595 10449179 8500000 0 295486 252194 3205464 2106002 32548600 20375751 X 92283519 100803845 19900828 18779515 112184347 119583360 144732947 139959111 X 11176892 -4278154 3543 496732 X X 0 1 X 1 1 1 X 20024411 22543537 27931959 30511155 38212344 139223406 20024411 22543537 27931959 30511155 38212344 139223406 785478 138437928 770046 967759 676761 545963 722616 3683145 24846 137240 162086 104109 99285 242060 386989 832443 143901080 394013734 0.96200 0.95630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 1939 1939 0 PART II-B, LINE 1: THE UNIVERSITY PAID MEMBERSHIP DUES TO ORGANIZATIONS WHERE THE DUES COVERED A PORTION OF LOBBYING EXPENSES. 0 1255492 0 0 X X X 0 23485201 993109 -2507778 763000 21207532 19115020 716153 4368028 714000 23485201 18722410 870622 265287 743299 19115020 17864543 617637 963761 723531 18722410 16977427 516050 1145350 774284 17864543 0.21110 0.64910 0.13980 0 1 1 6944211 6944211 134555592 71401738 63153854 549646 549646 0 28260951 23538023 4722928 2227097 2227097 77048090 TRUST AND ANNUITY OBLIGATIONS 36298 OTHER LIABILITIES 265080 ASSET RETIREMENT OBLIGATION 867416 REFUNDABLE US GOV'T STUDENT LOAN FUNDS 937208 2106002 97651441 -4278154 3543 -491937 -4766548 102417989 115067 21771723 21886790 124304779 90964008 348136 348136 90615872 88667 22423348 22512015 113127887 PART III, LINE 4: THE UNIVERSITY HOLDS AN ART COLLECTION, WHICH FURTHERS OUR EDUCATIONAL EXEMPT PURPOSE BY PROVIDING ART STUDENTS WITH VARIOUS EXAMPLES OF ARTWORK FOR SCHOLARLY RESEARCH. PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE FOR STUDENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOUNDATION REVENUE 1,039,494. CHANGE IN VALUE OF ANNUITIES, TRUSTS 52,682. CHANGE IN VALUE OF INTEREST RATE SWAP 509,741. INTERCOMPANY ELIMINATIONS -651,625. CHANGE IN VALUE OF FOUNDATION ASSETS -1,442,229. PART XI, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS/AWARDS 21,802,827. SPECIAL EVENT EXPENSE -18,819. RENTAL EXPENSES -12,285. PART XII, LINE 2D - OTHER ADJUSTMENTS: FOUNDATION EXPENSE 348,136. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL GRANTS/AWARDS 21,802,827. ELIMINATED JOURNAL ENTRIES IN FINANCIAL STATEMENTS 651,625. SPECIAL EVENT EXPENSE -18,819. RENTAL EXPENSES -12,285. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 DURING THE TAX YEAR, THE POLICY WAS PUBLICIZED ON THE UNIVERSITY'S WEBSITE, BUT NOT ON THE HOMEPAGE WHERE IT COULD BE EASILY NOTICED BY VISITORS. THE POLICY HAS SINCE BEEN MOVED TO THE UNIVERSITY'S HOMEPAGE. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY ADMINISTERS GOVERNMENT PROGRAMS SUCH AS WORK STUDY, PERKINS LOANS, PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, AND THE FEDERAL DIRECT LOAN PROGRAM THAT PROVIDE FINANCIAL ASSISTANCE TO ITS STUDENTS. IN 2021, THE UNIVERSITY ALSO RECEIVED FEDERAL FUNDING FOR THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) THAT CAME OUT OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT. THESE FUNDS CONSISTED OF INSTITUTIONAL AID THAT WAS USED TO REPLACE LOST REVENUE AND REIMBURSE REFUNDS RESULTING FROM COVID-19 AS WELL AS STUDENTS AID THAT WAS USED TO PROVIDE EMERGENCY FINANCIAL AID GRANTS TO STUDENTS. 0 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD AND STUDENT TRIPS 128000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD/SHORT TERM MISSIONS 5000 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD AND STUDENT TRIPS 263000 CENTRAL AMERICA & THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD AND STUDENT TRIPS 166000 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING N/A 399026 EUROPE 0 0 GRANTMAKING N/A 47054 SUB-SAHARAN AFRICA 0 0 GRANTMAKING N/A 599 0 0 0 0 0 0 1008679 0 1008679 N/A EAST ASIA AND THE PACIFIC 29 399026 WIRE TRANSFER 0 N/A N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) 2 47054 WIRE TRANSFER 0 N/A N/A N/A SUB-SAHARAN AFRICA 1 599 WIRE TRANSFER 0 N/A N/A 0 0 0 0 0 0 PART I, LINE 3: THE UNIVERSITY USES THE ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES OUTSIDE OF THE UNITED STATES. PART III ACCOUNTING METHOD: X X X X X X 1 TODD DEXTER & ASSOCIATES LLC 1800 PRESTON PARK BLVD STE 250 PLANO TX 75093 DIRECT MAIL 0 3637049 825669 2811380 3637049 825669 2811380 AK AZ CO DC DE ID IN IA ME MD MA MI MN MO MT NV NH OH OK OR PA SC SD TX VT WY GOLF CLASSIC EVENT 85240 64976 20264 12000 5919 900 85240 64976 20264 12000 5919 900 18819 1445 1 NORTHWESTERN FOUNDATION 3003 SNELLING AVE N ST PAUL MN 55113 411878924 501(C)(3) 189000 0 N/A N/A GENERAL OPERATING SUPPORT FAR EAST BROADCASTING COMPANY PO BOX 1 LA MIRADA CA 90637 951461574 501(C)(3) 150000 0 N/A N/A GENERAL OPERATING SUPPORT TRANS WORLD RADIO PO BOX 8700 CARY NC 27512 221690564 501(C)(3) 50000 0 N/A N/A GENERAL OPERATING SUPPORT MN ADULT AND TEEN CHALLENGE 1619 PORTLAND AVE S MINNEAPOLIS MN 55404 411517351 501(C)(3) 12000 0 N/A N/A GENERAL OPERATING SUPPORT FOCUS ON THE FAMILY 8605 EXPLORER DRIVE COLORADO SPRINGS CO 80920 953188150 501(C)(3) 10000 0 N/A N/A GENERAL OPERATING SUPPORT 5 0 SCHOLARSHIPS & TUITION ASSISTANCE 1730 23311716 N/A N/A PART I, LINE 2: THE UNIVERSITY MAKES CONTRIBUTIONS TO NORTHWESTERN FOUNDATION, A RELATED ORGANIZATION UNDER COMMON MANAGEMENT. FOR THE GRANTS TO UNRELATED ORGANIZATIONS, SENIOR MANAGEMENT GENERALLY MONITORS RECIPIENT SPENDING VIA COMMUNICATION WITH THE ORGANIZATIONS TO SEE HOW OPERATIONS ARE RUNNING. A SITE VISIT BY SENIOR MANAGEMENT MAY ALSO BE CONDUCTED TO CHECK THE STATUS OF THE ORGANIZATION AND/OR MONITOR THE PROGRESS OF THE INTENDED PROJECT. SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S UNIVERSITY ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY THE UNIVERSITY. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH THE UNIVERSITY'S POLICY. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR ALAN CURETON PRESIDENT 259539 0 6730 0 15410 0 32308 0 15918 0 329905 0 0 0 DR APRIL MORETON VP FOR INST. ADVANCEMENT 167229 0 4470 0 1049 0 12923 0 20376 0 206047 0 0 0 JASON SHARP SR. VP FOR MEDIA 158148 0 4500 0 1064 0 13085 0 20382 0 197179 0 0 0 DR JANET SOMMERS PROVOST/ACADEMIC AFFAIRS 152879 0 4540 0 1758 0 13327 0 20391 0 192895 0 0 0 BRYON D KRUEGER CFO (THRU OCT 2021) 129769 0 2480 0 663 0 11886 0 16983 0 161781 0 0 0 SCOTT JONES ASST VP FOR BUS OPS & TECH/MEDIA 122158 0 4020 0 630 0 10417 0 20289 0 157514 0 0 0 NINA BARNES VP FOR STUDENT LIFE AND HR 129200 0 2250 0 1999 0 10904 0 7149 0 151502 0 0 0 CHAD MILLER CHIEF INFORMATION OFFICER 115055 0 3940 0 601 0 10133 0 20273 0 150002 0 0 0 PART I, LINE 1A TAX GROSS-UP PAYMENTS: DR. CURETON - TAX GROSS UP PAYMENTS- INCLUDED IN TAXABLE COMPENSATION. SOCIAL CLUB DUES: DR. CURETON - NOT INCLUDIBLE IN TAXABLE COMPENSATION SINCE USED FOR BUSINESS PURPOSES. PART I, LINE 4B DR. CURETON PARTICIPATED IN 457(F) PLAN. A PUBLIC FINANCE AUTHORITY 273866124 2014-07-01 25320000 SEE PART IV 0 0 0 A 14800000 25320000 6200000 19120000 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 BMO HARRIS BANK NA 9.000000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/15/2014 SCHEDULE K, PART I, COLUMN (F): DEBT CONSOLIDATION, ATHLETIC COMPLEX RENOVATION, STUDENT HOUSING ACQUISITION GAYLE CURETON SPOUSE OF PRESIDENT, DR. ALAN CURETON 22134 EMPLOYMENT COMPENSATION 0 X 500 ESTIMATED VALUE X 47 19258 SELLING PRICE X 54 660650 STOCK MARKET QUOTES X GRAIN 31 55095 ESTIMATED VALUE X BON APPETIT IMPUTED INTEREST 1 17779 ESTIMATED VALUE X GIFT CARDS 17 1605 ESTIMATED VALUE 105 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS NUMBER OF CONTRIBUTORS. PART I, LINE 33: NONCASH CONTRIBUTIONS THAT ARE VALUED BELOW THE $20,000 CAPITALIZATION THRESHOLD ARE NOT RECORDED AS REVENUE. FORM 990, PART VI, SECTION A, LINE 1A UNIVERSITY OF NORTHWESTERN - ST. PAUL HAS AN EXECUTIVE COMMITTEE, CONSISTING OF THE CHAIR, VICE-CHAIR AND SECRETARY OF THE BOARD OF TRUSTEES, THE PRESIDENT OF THE UNIVERSITY, AND THE CHAIR OF EACH OF THE STANDING COMMITTEES OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING, WHICH ARE RESERVED FOR THE FULL BOARD OF TRUSTEES: PRESIDENTIAL SELECTION AND TERMINATION, TRUSTEE AND BOARD OFFICER SELECTION, CHARTER AND BYLAW AMENDMENT, CHANGING THE INSTITUTION'S MISSION, INCURRING CORPORATE INDEBTEDNESS BEYOND WHAT THE BOARD OF TRUSTEES HAS AUTHORIZED BY RESOLUTION, APPROVAL OF THE ANNUAL BUDGET, AND CONFERRAL OF DEGREES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WAS PROVIDED TO THE UNIVERSITY'S VP OF FINANCE & OPERATIONS / CFO AND CONTROLLER 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 THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ITS BOARD OF TRUSTEES, OFFICERS AND MANAGEMENT EMPLOYEES. THE BOARD OF TRUSTEES SIGN A CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IT IS THE RESPONSIBILITY OF ALL INTERESTED PERSONS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AS SOON AS THEY BECOME AWARE OF THEM. DISCLOSURES ARE MADE TO THE PRESIDENT OF THE UNIVERSITY OR THE CHAIR OF THE BOARD OF TRUSTEES, AS APPROPRIATE, WHO BRING THE MATTER TO THE ATTENTION OF THE ENTIRE BOARD OF TRUSTEES. THE BOARD THEN DETERMINES IF A CONFLICT EXISTS, WHETHER IT IS MATERIAL, AND WHETHER IT IS JUST, FAIR AND REASONABLE TO UNIVERSITY OF NORTHWESTERN - ST. PAUL. THE INTERESTED PERSON LEAVES THE ROOM FOR DISCUSSIONS INVOLVING, AND MAY NOT VOTE ON, THE RELEVANT CONTRACT OR TRANSACTION. WHEN THERE IS A CONFLICT OF INTEREST DURING A BOARD MEETING DISCUSSION, IT IS DOCUMENTED IN THE BOARD MINUTES THAT THE PERSON(S) WITH THE CONFLICT LEFT THE ROOM FOR THE COURSE OF THE DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT OF UNIVERSITY OF NORTHWESTERN - ST. PAUL: NORTHWESTERN RECEIVES COMPARISON DATA FROM FOUR MAIN SOURCES: (1) COUNCIL FOR CHRISTIAN COLLEGES AND UNIVERSITIES, (2) CUPA, (3) YAFFE & CO, AND (4) COMPARABLE FORM 990S. ALL FOUR OF THESE SOURCES TARGET HIGHER EDUCATION COMPENSATION. THE OFFICE OF HUMAN RESOURCES IS RESPONSIBLE FOR REVIEWING THE SURVEYS RELATED TO TOP MANAGEMENT AS WELL AS ALL EMPLOYEES AND ENSURE THAT WAGES ARE WITHIN AN APPROPRIATE RANGE. THE PRESIDENT'S SALARY WAS OFFICIALLY REVIEWED BY THE BOARD OF TRUSTEES AND DOCUMENTED IN THE MEETING MINUTES. THE LAST REVIEW WAS COMPLETED IN 2022 FOR PRESIDENT, A. CURETON. OTHER OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES: UNIVERSITY OF NORTHWESTERN - ST. PAUL HAS A FORMAL SALARY PROGRAM WITH SALARY GRADES AND SALARY RANGES FOR POSITIONS. UNIVERSITY OF NORTHWESTERN - ST. PAUL ANNUALLY PARTICIPATES IN MULTIPLE SALARY SURVEYS AND ALSO REVIEWS LOCAL SALARY DATA TO DETERMINE SALARY GRADE RANGES. ANNUALLY, THE PROCESS IS REVIEWED BY HUMAN RESOURCES AND SALARY GRADE INCREASES ARE MADE TO THE MINIMUM, MIDPOINT AND MAXIMUM OF THE PAY RANGE. ANNUALLY, VICE PRESIDENT SALARIES ARE REVIEWED BY THE PRESIDENT. THE PRESIDENT HAS ACCESS TO SALARY SURVEY DATA AND FROM THERE A REQUEST FOR SALARY CHANGE IS MADE BY THE PRESIDENT AND PRESENTED TO HUMAN RESOURCES FOR REVIEW AND PROCESSING. THE LAST REVIEW INCLUDED COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION WAS IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY 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 ANNUITIES, TRUSTS -13,009. CHANGE IN VALUE OF INTEREST RATE SWAP 509,741. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. LINCOLN DRIVE PROPERTIES LLC 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 205476148 REAL ESTATE MN 131784 2426784 UNIVERSITY OF NORTHWESTERN - ST PAUL UNW STUDENT HOUSING LLC 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 411930409 STUDENT HOUSING MN 0 7025550 UNIVERSITY OF NORTHWESTERN - ST PAUL CENTRE POINTE DRIVE LLC 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 813221057 REAL ESTATE MN 0 8183312 UNIVERSITY OF NORTHWESTERN - ST PAUL UNW MEDIA HOLDINGS LLC 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 824870186 RADIO STATION MN 0 0 UNIVERSITY OF NORTHWESTERN - ST PAUL NORTHWESTERN FOUNDATION 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 411878924 EDUCATION FOUNDATION MN 501(C)(3) LINE 7 UNIVERSITY OF NORTHWESTERN - ST PAUL 1 CHARITABLE REMAINDER TRUSTS (1) TRUSTS MN UNIVERSITY OF NORTHWESTERN - ST PAUL T 1 0 1 1 0 0 0 0 0 0 1 0 1 1 1 1 1 1 0 0 NORTHWESTERN FOUNDATION C 125386 FMV NORTHWESTERN FOUNDATION L 145000 FMV NORTHWESTERN FOUNDATION M 102458 FMV NORTHWESTERN FOUNDATION B 189000 FMV