2022-05-13T10:58:59-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2020-07-01 410711610 UNIVERSITY OF NORTHWESTERN - ST PAUL UNIV 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 JOHN SOMMERVILLE VP FOR FINANCE & OPS/CFO 6516315100 2022-05-10 1 JOHN SOMMERVILLE 999009999 SARAH HINTZ P00492291 3037795710 2022-05-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z NORTHWESTERN MEDIA DR ALAN CURETON 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 125907765 0 X WWW.UNWSP.EDU X 1902 MN WE SEEK TO REACH ALL NATIONS FOR JESUS, THROUGH CHRIST-CENTERED HIGHER EDUCATION AND MEDIA. 18 16 1794 232 29387 23846 27931959 30511155 78425279 74949111 1046198 4200650 124014 339523 107527450 110000439 22236520 22415035 0 0 45900369 47528495 752739 735653 3537114 35397916 30803179 104287544 101482362 3239906 8518077 137447800 144732947 37045701 32548600 100402099 112184347 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 40492376 22107759 59148969 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 1,650 STUDENTS. THE COLLEGE OF ADULT & GRADUATE STUDIES, WHICH SERVES AN ADDITIONAL 300 STUDENTS, INCLUDES THE ADULT UNDERGRADUATE PROGRAM AND GRADUATE STUDIES. DUAL ENROLLMENT, INCLUDING PSEO/EARLY COLLEGE AND ONLINE LEARNING TOGETHER SERVE APPROXIMATELY 1,875, BRINGING TOTAL ENROLLMENT TO OVER 3,825 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 30 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 33,000-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. 14256246 107026 11728721 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 2020-2021, ON-CAMPUS RESIDENTS TOTALED OVER 920 STUDENTS AND DELIVERED DINING SERVICES TO MORE THAN 1,530 STUDENTS VIA OUR CAMPUS DINING PARTNER. OTHER AUXILIARY SERVICES PROVIDED ON CAMPUS INCLUDE TICKETING/EVENTS, A CHILD DEVELOPMENT CENTER SERVING 42 FAMILIES WITH NORTHWESTERN STUDENT PARTICIPATION, AND A CAMPUS STORE. 18217981 200250 1365838 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 81 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 1,300,000 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. 72966603 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 0 0 1 1 0 1 0 0 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 2685 0 1 1794 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV X JOHN SOMMERVILLE 6516315100 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 DR ALAN CURETON PRESIDENT 45.00 2.00 X X 288009 0 28750 DR GEORGE KENWORTHY CHAIR 2.00 0.00 X X 0 0 0 GROVER SAYRE VICE CHAIR 2.00 2.00 X X 0 0 0 GINGER EWING SECRETARY 2.00 0.00 X X 0 0 0 THOR BECKEN TRUSTEE - PARTIAL YEAR 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 PAUL BIERHAUS TRUSTEE 2.00 0.00 X 0 0 0 DEBORAH HEDLUND TRUSTEE 2.00 0.00 X 0 0 0 ARNOLD LINDSTRAND TRUSTEE 2.00 0.00 X 7850 0 0 JOHN FULLER TRUSTEE 2.00 0.00 X 0 0 0 STEWART VAN DUZER TRUSTEE 2.00 0.00 X 0 0 0 DR NEAL RICH 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 PHILIP VIERLING TRUSTEE 2.00 0.00 X 0 0 0 LEIGH HARRISON TRUSTEE 2.00 0.00 X 0 0 0 TERESA WILLIAMS TRUSTEE 2.00 0.00 X 0 0 0 DR MARGARET DIDDAMS TRUSTEE 2.00 0.00 X 0 0 0 BRYON D KRUEGER VP FOR FINANCE & OPERATIONS/CFO/TREASURER 45.00 2.00 X 151173 0 19397 DR JANET SOMMERS PROVOST/SR. VP FOR ACADEMIC AFFAIRS 45.00 0.00 X 158668 0 19495 JASON SHARP SR. VP FOR MEDIA 45.00 0.00 X 157779 0 19422 DR APRIL MORETON VP FOR INSTITUTIONAL ADVANCEMENT 45.00 2.00 X 167577 0 18635 NINA BARNES VP FOR STUDENT LIFE AND HR 45.00 0.00 X 126852 0 8504 SCOTT JONES ASST VP FOR BUS OPS & TECH/MEDIA 45.00 0.00 X 124343 0 18665 DAVID GATTORNA STATION MANAGER 45.00 0.00 X 122687 0 18254 ANN SORENSON PROFESSOR OF BROADCASTING 45.00 0.00 X 119311 0 7024 1424249 0 158146 24 0 1 0 BON APPETIT MANAGEMENT COMPANY 1701 AMERICAN BLVD E 8 BLOOMINGTON MN 55425 FOOD SERVICE 2001012 TODD DEXTER & ASSOCIATES 1800 PRESTON BLVD STE 250 PLANO TX 75093 DIRECT MAIL 652476 BLACKBAUD INC 65 FAIRCHILD ST DANIEL ISLAND SC 29492 TECHNOLOGY MANAGEMENT 528483 ENCOURA 701 BRAZOS ST 5TH FLOOR AUSTIN TX 78701 ENROLLMENT SERVICES 362728 LAING CONSTRUCTION INC 4837 115TH AVE NE BLAINE MN 55449 CONSTRUCTION SERVICES 254650 33 56702 110810 30343643 627128 30511155 TUITION 611600 56840679 56840679 STUDENT RESIDENT HOUSI 531110 5401306 5401306 EVENT AND SERVICE FEES 611710 5124646 5124646 MEDIA 722320 4071421 1297300 2774121 FOOD SERVICE 611710 3095525 3095525 415534 415534 74949111 477425 477425 68538 40933 0 11546 68538 29387 97925 68538 29387 16442756 3157907 15772330 105108 670426 3052799 3723225 3723225 17880 56702 18342 -462 -462 MISCELLANEOUS INCOME 900099 242060 242060 242060 110000439 72243528 29387 7216369 308826 308826 22106209 22106209 905998 393891 512107 22028 22028 35134964 27215309 6430852 1488803 1798177 1318790 389863 89524 7061813 4274963 2682377 104473 2605515 1973590 527166 104759 212811 87054 124101 1656 78738 78738 998 998 735653 735653 87042 87042 4700867 2872829 1514106 313932 1191150 718402 208769 263979 2743668 1461768 1130369 151531 2416007 578316 1739005 98686 3862599 2215262 1637772 9565 756399 678119 65361 12919 138927 106949 22588 9390 855937 124137 731653 147 5976270 5896730 79540 995998 606864 383178 5956 FOOD & MEALS 3049326 3016573 17661 15092 SUPPLIES 1152323 789582 350463 12278 DUES & SUBSCRIPTIONS 968621 712524 228195 27902 EQUIPMENT RENTAL & MAIN 606731 409065 187763 9903 1008767 997581 9760 1426 101482362 72966603 24978645 3537114 X 9357909 6716828 7187548 15565299 1878528 1029715 938854 933932 312829 282335 1148090 1390876 169231551 89747680 80364003 79483871 16259592 19842861 1957609 1664549 16420156 16420156 1622682 1402525 137447800 144732947 5536571 6801707 1731776 1173348 14699877 12572595 11000000 8500000 339962 295486 3737515 3205464 37045701 32548600 X 83373640 92283519 17028459 19900828 100402099 112184347 137447800 144732947 X 8518077 2865481 75052 323638 X X 0 1 X 1 1 1 X 19536445 20024411 22543537 27931959 30511155 120547507 19536445 20024411 22543537 27931959 30511155 120547507 1396362 119151145 620209 770046 967759 676761 545963 3580738 24846 24846 104109 99285 242060 445454 124598545 386689217 0.95630 0.94540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 998 998 0 PART II-B, LINE 1: THE UNIVERSITY PAID MEMBERSHIP DUES TO ORGANIZATIONS WHERE THE DUES COVERED A PORTION OF LOBBYING EXPENSES. 0 1235838 0 0 X X X 0 19115020 716153 4368028 714000 23485201 18722410 870622 265287 743299 19115020 17864543 617637 963761 723531 18722410 16977427 516050 1145350 774284 17864543 16121628 180052 1422669 746922 16977427 0.20710 0.55920 0.23370 0 1 1 7085011 7085011 130726312 66886919 63839393 549646 549646 0 26887483 22311115 4576368 3983099 3983099 79483871 TRUST AND ANNUITY OBLIGATIONS 40223 REFUNDABLE US GOV'T STUDENT LOAN FUNDS 1579036 ASSET RETIREMENT OBLIGATION 863126 INTEREST RATE SWAP LIABILITY 439539 OTHER LIABILITIES 283540 3205464 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS CONTAINED IN ALL REGISTRATION AND PROMOTIONAL MATERIALS. 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 2020, 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. SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD/SHORT TERM MISSIONS 279000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD/SHORT TERM MISSIONS 84000 0 0 0 0 0 0 363000 0 363000 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 2692312 690516 2001796 UPCLOSE MARKETING AND PRINTING 120 W WHITE S CHAMPAIGN IL 61820 PRINTING 0 396709 45137 351572 3089021 735653 2353368 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC GOLF CLASSIC EVENT 74582 56702 17880 1000 12000 5342 74582 56702 17880 1000 12000 5342 18342 -462 1 NORTHWESTERN FOUNDATION 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 411878924 501(C)(3) 86000 0 N/A N/A GENERAL OPERATING SUPPORT TRANS WORLD RADIO 300 GREGSON DRIVE CARY NC 27511 221690564 501(C)(3) 200000 0 N/A N/A TOWER RESTORATION PROJECT 2 0 SCHOLARSHIPS & TUITION ASSISTANCE 1894 22106209 0 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 X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 DR ALAN CURETON PRESIDENT 255738 0 1220 0 31051 0 16274 0 12476 0 316759 0 0 0 DR APRIL MORETON VP FOR INSTITUTIONAL ADVANCEMENT 166547 0 0 0 1030 0 2683 0 15952 0 186212 0 0 0 DR JANET SOMMERS PROVOST/SR. VP FOR ACADEMIC AFFAIRS 151942 0 5000 0 1726 0 3528 0 15967 0 178163 0 0 0 JASON SHARP SR. VP FOR MEDIA 156735 0 0 0 1044 0 3464 0 15958 0 177201 0 0 0 BRYON D KRUEGER VP FOR FINANCE & OPERATIONS/CFO/TREA 148393 0 2000 0 780 0 3442 0 15955 0 170570 0 0 0 PART I, LINE 1A TAX GROSS-UP PAYMENTS: DR. CURETON - TAX GROSS UP PAYMENTS- INCLUDED IN TAXABLE COMPENSATION. FIRST CLASS OR CHARTER TRAVEL: DR. CURETON - FIRST CLASS OR CHARTER TRAVEL - NOT INCLUDIBLE IN TAXABLE COMPENSATION SINCE USED FOR BUSINESS PURPOSES. SOCIAL CLUB DUES: DR. CURETON - NOT INCLUDIBLE IN TAXABLE COMPENSATION SINCE USED FOR BUSINESS PURPOSES. PERSONAL SERVICES: DR. CURETON - FOR BUSINESS USE OF PERSONAL RESIDENCE - NOT INCLUDIBLE IN TAXABLE COMPENSATION. PART I, LINE 4B EMPLOYER CONTRIBUTION TO 457(F) PLAN: DR. CURETON - PAYMENT OF $10,500 TO 457(F) PLAN ON BEHALF OF DR. CURETON, NOT TAXABLE UNTIL VESTED. PART I, LINE 7 BONUSES ARE GIVEN OUT AS A WAY TO RECOGNIZE AND REWARD EXCEPTIONAL EMPLOYEE ACCOMPLISHMENTS/PERFORMANCE AND ALSO AS AN EXPRESSION OF APPRECIATION FOR UNIQUE AND SPECIAL CIRCUMSTANCES. BONUS PAYMENTS REQUIRE APPROVAL FROM SENIOR LEADERSHIP (I.E. VP, SVP, PRESIDENT OR BOARD). A PUBLIC FINANCE AUTHORITY 273866124 2014-07-01 25320000 SEE PART IV 0 0 0 A 12661000 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 22028 EMPLOYMENT COMPENSATION 0 X 1884 ESTIMATED VALUE X 2254 ESTIMATED VALUE X 5 3069 SELLING PRICE X 47 551317 STOCK MARKET QUOTES X 1 50 ESTIMATED VALUE X GRAIN 26 62174 ESTIMATED VALUE X ACCESS SYSTEM 1 5370 ESTIMATED VALUE X GIFT CARDS 3 610 ESTIMATED VALUE X LAWN MOWER 1 400 ESTIMATED VALUE 90 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. PART I, LINE 33: NONCASH CONTRIBUTIONS THAT ARE VALUED BELOW THE $5,000 CAPITALIZATION THRESHOLD ARE NOT RECORDED AS REVENUE. FORM 990, PART VI, SECTION A, LINE 1 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 PROVIDED TO THE FULL BOARD OF TRUSTEES FOR REVIEW 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. THE LAST REVIEW WAS COMPLETED IN 2021 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 2021. 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 11,909. CHANGE IN VALUE OF INTEREST RATE SWAP 311,729. 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 12000 2688850 UNIVERSITY OF NORTHWESTERN - ST PAUL UNW STUDENT HOUSING LLC 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 411930409 STUDENT HOUSING MN 0 7227608 UNIVERSITY OF NORTHWESTERN - ST PAUL CENTRE POINTE DRIVE LLC 3003 SNELLING AVENUE NORTH ST PAUL MN 55113 813221057 REAL ESTATE MN 0 8367745 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 106000 FMV NORTHWESTERN FOUNDATION L 143000 FMV NORTHWESTERN FOUNDATION M 89915 FMV NORTHWESTERN FOUNDATION B 86000 FMV