2022-05-13T09:24:47-05:00 2021-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2020-07-01 382376475 NORTHWESTERN MICHIGAN COLLEGE FOUNDATION NORT 2319951144 1701 E FRONT ST TRAVERSE CITY MI 49686 REBECCA TEAHEN EXECUTIVE DIRECTOR 2319951144 2022-05-09 1 REBECCA TEAHEN 999009999 AMY CIMINELLO P00796388 2695674500 2022-05-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z REBECCA TEAHEN 1701 E FRONT ST TRAVERSE CITY MI 49686 16462331 0 X WWW.NMC.EDU/FOUNDATION X 1981 MI TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE. 38 34 0 100 0 0 2507013 5527825 0 0 1498142 2773980 1106 4938 4006261 8306743 3666233 3361851 0 0 606804 600549 0 0 659287 250412 199853 4523449 4162253 -517188 4144490 50136466 64114838 2372780 2972070 47763686 61142768 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 3361851 3361851 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. 3361851 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 1 0 0 0 X 38 34 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 231575 38086 REBECCA TEAHEN EXECUTIVE DIRECTOR 36.00 8.00 X X 0 129306 51295 CHERYL M BLOOMQUIST NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 94651 41687 STEVEN H RICE NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 85725 28840 LINDA BERLIN NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 97410 22703 ALAN J ZELINSKI CHAIR 3.00 0.00 X X 0 0 0 FRANCIS J GINGRAS FIRST VICE-CHAIR 3.00 0.00 X X 0 0 0 CHRIS M BOTT BOARD MEMBER 1.00 0.00 X 0 0 0 JAYNE H MOHR SECRETARY 3.00 0.00 X X 0 0 0 STEPHEN M FISHER TREASURER 3.00 0.00 X X 0 0 0 WILLIAM F MARSH III IMMEDIATE PAST CHAIR 3.00 0.00 X X 0 0 0 NATHANAEL J ADAMSON BOARD MEMBER 1.00 0.00 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 BARABARA 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 ROBERT T BRICK BOARD MEMBER 1.00 0.00 X 0 0 0 BRUCE L BYL BOARD MEMBER 1.00 0.00 X 0 0 0 J KERMIT CAMPBELL BOARD MEMBER 1.00 0.00 X 0 0 0 DONALD M COE BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM R DONBERG BOARD MEMBER 1.00 0.00 X 0 0 0 DEBRA J EDSON BOARD MEMBER 1.00 0.00 X 0 0 0 MARK A LUNDMARK BOARD MEMBER 1.00 0.00 X 0 0 0 ELEANOR E LYNN BOARD MEMBER 1.00 0.00 X 0 0 0 PAUL W MAURER BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER D MILLWARD BOARD MEMBER 1.00 0.00 X 0 0 0 DIANA MILOCK BOARD MEMBER 1.00 0.00 X 0 0 0 MARTHA A OLESON BOARD MEMBER 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 PATRICIA A WARNER BOARD MEMBER 1.00 0.00 X 0 0 0 KENNARD WEAVER TRUSTEE 1.00 0.00 X 0 0 0 JAMES R WEIGAND BOARD MEMBER 1.00 0.00 X 0 0 0 TIMOTHY F YOUNG BOARD MEMBER 1.00 0.00 X 0 0 0 NANCY B ZIMMER BOARD MEMBER 1.00 0.00 X 0 0 0 HANNAH WITTE NMC STUDENT REPRESENTATIVE 1.00 0.00 X 0 0 0 AMBER MARSH NMC STUDENT REPRESENTATIVE 1.00 0.00 X 0 0 0 MICHAEL ESTES BOARD MEMBER-PARTIAL YEAR 1.00 0.00 X 0 0 0 KEVIN S SCHLUETER BOARD MEMBER-PARTIAL YEAR 1.00 0.00 X 0 0 0 0 638667 182611 0 0 1 0 0 285806 5242019 55747 5527825 1026475 1026475 9824031 8076526 1747505 1747505 1747505 74540 285806 79012 -4472 -4472 9460 50 9410 9410 8306743 0 0 2778918 3361851 3361851 600549 25850 574699 100351 100351 26256 14734 11522 13405 13405 14245 14245 86 86 45416 45416 SALES TAX 94 94 4162253 3361851 141115 659287 6045962 7468832 2533006 3517372 19910 6106 41001989 52526980 49592 62599 486007 532949 50136466 64114838 14677 24662 91876 100514 2266227 2846894 2372780 2972070 X 4294908 5471633 43468778 55671135 47763686 61142768 50136466 64114838 X 4144490 9245260 -10668 X X 0 1 X 1 0 X 2787970 4454669 6805856 2507013 5527825 22083333 403855 444771 417828 489486 473572 2229512 3191825 4899440 7223684 2996499 6001397 24312845 4142086 20170759 778112 815833 1061810 1122033 1026475 4804263 115182 142425 157622 73085 83950 572264 29689372 0.67940 0.69930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2016 AMOUNT: $ 103,962. 2017 AMOUNT: $ 131,460. 2018 AMOUNT: $ 139,627. 2019 AMOUNT: $ 62,365. 2020 AMOUNT: $ 74,540. GAMING - 2016 AMOUNT: $ 11,220. 2017 AMOUNT: $ 10,965. 2018 AMOUNT: $ 17,995. 2019 AMOUNT: $ 10,720. 2020 AMOUNT: $ 9,410. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22295638 2050664 6405676 679924 59090 30012964 21993448 635588 246131 607229 -27700 22295638 20998543 666412 936161 608236 -568 21993448 19115643 1136566 1214093 541465 -73706 20998543 17652407 328548 1624433 511892 -22147 19115643 0.05010 0.54680 0.40310 0 0 0 SPLIT INTEREST AGREEMENTS PAYABLE 74082 PAYABLE TO NORTHWESTERN MICHIGAN COLLEGE 2772812 2846894 17987285 9245260 473572 62061 9780893 8206392 100351 100351 8306743 4608203 473572 72729 546301 4061902 100351 100351 4162253 PART V, LINE 4: FOUNDATION ENDOWMENT FUNDS ARE USED TO PROVIDE OPERATIONAL, PROGRAM, AND SCHOLARSHIP SUPPORT FOR NMC. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 38,577. SPECIAL EVENT 23,484. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT 23,484. UNCOLLECTIBLE PLEDGES 49,245. GOLF OUTING 163267 126477 36790 28141 26023 TASTE OF SUCCESS 186579 148829 37750 9610 15238 2 10500 10500 360346 285806 74540 28141 9610 41261 79012 -4472 1 NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 GOVERNMENTAL SEC 115 3322675 39176 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 209744 0 0 0 21831 0 24503 0 13583 0 269661 0 269661 REBECCA TEAHEN EXECUTIVE DIRECTOR 0 129306 0 0 0 0 0 32076 0 19219 0 180601 0 180601 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 5 22250 FMV X 1 2500 FMV X 3 1440 FMV X AUCTION ITEMS 37 16484 FMV X CLASSROOM SUPPLIES 4 8573 FMV X MISCELLANEOUS 1 2500 FMV X WELDING SUPPLIES 1 2000 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER LISTED IN COLUMN B 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 2020. 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 38,577. UNCOLLECTIBLE PLEDGES -49,245. 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