2021-05-17T09:26:04-05:00 2020-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2019-07-01 382376475 NORTHWESTERN MICHIGAN COLLEGE FOUNDATION NORT 2319951144 1701 E FRONT ST TRAVERSE CITY MI 49686 REBECCA TEAHEN EXECUTIVE DIRECTOR 2319951144 2021-05-13 1 LISA FORT P00223532 2695674500 2021-05-13 2019 2022-09-23 18:48:47Z REBECCA TEAHEN 1701 E FRONT ST TRAVERSE CITY MI 49686 4554123 0 X WWW.NMC.EDU/FOUNDATION X 1981 MI TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE. 36 32 0 100 0 0 6805856 2507013 0 0 1407261 1498142 6852 1106 8219969 4006261 3355934 3666233 0 0 449285 606804 0 0 693470 339323 250412 4144542 4523449 4075427 -517188 50226578 50136466 1063605 2372780 49162973 47763686 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 3666233 3666233 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. 3666233 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 36 32 0 0 0 0 0 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 TIMOTHY J NELSON SECOND VICE-CHAIR - PART YEAR 8.00 36.00 X X 0 301406 44114 REBECCA TEAHEN EXECUTIVE DIRECTOR 36.00 8.00 X X 0 126141 49700 CHERYL M BLOOMQUIST NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 88773 38416 STEVEN H RICE NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 76174 26983 FRANCIS J GINGRAS FIRST VICE CHAIR 3.00 0.00 X X 0 0 0 JAYNE H MOHR SECRETARY 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 ALAN J ZELINSKI CHAIR 3.00 0.00 X X 0 0 0 NICHOLAS NISSLEY SECOND VICE-CHAIR 8.00 36.00 X X 0 0 0 STEPHEN M FISHER TREASURER 3.00 0.00 X X 0 0 0 DEBRA J EDSON BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT T BRICK BOARD MEMBER 1.00 0.00 X 0 0 0 NATHANAEL J ADAMSON BOARD MEMBER 1.00 0.00 X 0 0 0 NANCY B ZIMMER BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID M SHOOLTZ BOARD MEMBER 1.00 0.00 X 0 0 0 ELEANOR E LYNN BOARD MEMBER 1.00 0.00 X 0 0 0 MARK A LUNDMARK BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL ESTES BOARD MEMBER 1.00 0.00 X 0 0 0 SUZANNE ALLEN BOARD MEMBER 1.00 0.00 X 0 0 0 BARBARA S BENSON BOARD MEMBER 1.00 0.00 X 0 0 0 DOUGLAS S BISHOP BOARD MEMBER 1.00 0.00 X 0 0 0 CHRIS M BOTT BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER E BRANSON 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 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 TIMOTHY F YOUNG BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN S SCHLUETER BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN K SHELDON BOARD MEMBER 1.00 0.00 X 0 0 0 MARTHA A OLESON-WATTS BOARD MEMBER 1.00 0.00 X 0 0 0 PATRICIA A WARNER BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES R WEIGAND BOARD MEMBER 1.00 0.00 X 0 0 0 HANNAH WITTE NMC STUDENT REPRESENTATIVE 1.00 0.00 X 0 0 0 KIM HAGERTY BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 0 592494 159213 0 0 1 0 0 268224 2238789 108581 2507013 1122033 1122033 851992 475883 376109 376109 376109 62365 268224 68794 -6429 -6429 10720 3185 7535 7535 4006261 0 0 1499248 3666233 3666233 606804 40730 566074 100401 100401 46548 19216 27332 49861 49861 13620 13620 3051 3051 36583 36583 SALES TAX EXPENSE 348 348 4523449 3666233 163746 693470 3567134 6045962 5617706 2533006 5094 19910 40529570 41001989 60221 49592 446853 486007 50226578 50136466 9936 14677 80602 91876 973067 2266227 1063605 2372780 X 4462425 4294908 44700548 43468778 49162973 47763686 50226578 50136466 X -517188 -844717 -37382 X X 0 1 X 1 0 X 4438140 2787970 4454669 6805856 2507013 20993648 260865 403855 444771 417828 489486 2016805 4699005 3191825 4899440 7223684 2996499 23010453 3258220 19752233 757953 778112 815833 1061810 1122033 4535741 212790 115182 142425 157622 73085 701104 28247298 0.69930 0.70180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2015 AMOUNT: $ 189,979. 2016 AMOUNT: $ 103,962. 2017 AMOUNT: $ 131,460. 2018 AMOUNT: $ 139,627. 2019 AMOUNT: $ 62,365. GAMING - 2015 AMOUNT: $ 22,793. 2016 AMOUNT: $ 11,220. 2017 AMOUNT: $ 10,965. 2018 AMOUNT: $ 17,995. 2019 AMOUNT: $ 10,720. MISCELLANOUS - 2015 AMOUNT: $ 18. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21993448 635588 246131 607229 -27700 22295638 20998543 666412 936161 608236 -568 21993448 19115643 1136566 1214093 541465 -73706 20998543 17652407 328548 1624433 511892 -22147 19115643 17863277 432585 -66409 484114 92932 17652407 0.05610 0.65840 0.28550 0 0 0 SPLIT INTEREST AGREEMENTS PAYABLE 76683 PAYABLE TO NORTHWESTERN MICHIGAN COLLEGE 2189544 2266227 3545114 -844717 489486 -5515 -360746 3905860 100401 100401 4006261 5016380 489486 103846 593332 4423048 100401 100401 4523449 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 -5,515. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT 71,979. UNCOLLECTIBLE PLEDGES 31,867. GOLF OUTING 183693 137608 46085 17721 38959 7896 TASTE OF SUCCESS 127725 127725 50 2 19171 2891 16280 1728 2440 330589 268224 62365 17721 38959 1728 2440 7946 68794 -6429 1 NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 GOVERNMENTAL SEC 115 3575373 90860 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 TIMOTHY J NELSON SECOND VICE-CHAIR - PART YEAR 0 236866 0 0 0 64540 0 30998 0 13116 0 345520 0 0 REBECCA TEAHEN EXECUTIVE DIRECTOR 0 126141 0 0 0 0 0 30910 0 18790 0 175841 0 0 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 1 71655 FMV X 2 1850 FMV X 1 1070 FMV X 1 9600 FMV X AUCTION ITEMS 1 10301 FMV X MISCELLANEOUS 1 6238 FMV X WELDING SUPPLIES 1 4995 FMV X CLASSROOM SUPPLIES 1 2431 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 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. 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 2019. 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 -5,515. UNCOLLECTIBLE PLEDGES -31,867. 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