2021-11-04T12:41:06-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 801 FELIX STREET ST JOSEPH MO 64501 990 2020-07-01 237165025 NORTHWEST FOUNDATION INC NORT 6605621248 800 UNIVERSITY DRIVE MARYVILLE MO 64468 LORI STEINER CHIEF FINANCIAL OFFICER 6605621248 2021-11-04 1 LORI STEINER 999009999 HAROLD RAY P01248589 8162328441 2021-11-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LORI STEINER 800 UNIVERSITY DRIVE MARYVILLE MO 64468 14305656 0 X WWW.NWMISSOURI.EDU/FOUNDATION X 1971 MO DEVELOPS AND STEWARDS PHILATHROPIC RESOURCES FOR THE BENEFIT OF NWMSU AND IT'S STUDENTS. 35 35 2 35 -3244 0 4328371 6551486 9418 725 1619131 1807643 71359 41979 6028279 8401833 3610389 8752070 0 0 214596 219527 0 0 223082 1148795 1073488 4973780 10045085 1054499 -1643252 55830108 61390542 7613190 6764086 48216918 54626456 THE NORTHWEST FOUNDATION, INC DEVELOPS AND STEWARDS PHILANTHROPIC RESOURCES FOR THE BENEFIT OF NORTHWEST MISSSOURI STATE UNIVERSITY (NWMSU) AND ITS STUDENTS. 0 0 7552596 7552596 0 PROVIDES SUPPORT FOR NORTHWEST MISSOURI STATE UNIVERSITY PROGRAMS 1199474 1199474 0 PROVIDES FUNDING OF SCHOLARSHIPS FOR NORTHWEST MISSOURI STATE UNIVERSITY STUDENTS. THERE WERE 1,483 SCHOLARSHIPS AWARDED DURING THE YEAR. 549808 725 PROVIDES SUPPORT FOR DEPARTMENTS OF THE UNIVERSITY AND SERVES AUXILIARY FUNDS INCLUDING THE ATHLETIC DEPARTMENT AND COMMUNICATIONS DEPARTMENT 9301878 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 2 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 35 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 KY MA MD MI MN NH NJ NY OH OR SC WA X X LORI STEINER CPA 6605621248 800 UNIVERSITY DRIVE MARYVILLE MO 64468 JENNIFER NICHOLSON IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 ROBERT BURRELL PRESIDENT 4.00 X X 0 0 0 JOHN CLINE DIRECTOR 1.00 X 0 0 0 CARL HUGHES DIRECTOR 1.00 X 0 0 0 JACQUELINE HENNINGSEN DIRECTOR 1.00 X 0 0 0 MARY PURDY DIRECTOR 1.00 X 0 0 0 ANGELA MOSKOW DIRECTOR 1.00 X 0 0 0 DR CAROL SPRADLING DIRECTOR 1.00 X 0 0 0 ERIC GEIS DIRECTOR 1.00 X 0 0 0 DR DAVID HOLMES DIRECTOR 1.00 X 0 0 0 WILLIAM OELLERMANN DIRECTOR 1.00 X 0 0 0 THOMAS SANCHEZ DIRECTOR 1.00 X 0 0 0 DENNIS SAPP DIRECTOR 1.00 X 0 0 0 KEN SCRIBNER DIRECTOR 1.00 X 0 0 0 ROBERT BARMANN DIRECTOR 1.00 X 0 0 0 LEISHA BARRY VICE PRESIDENT 1.00 X 0 0 0 GARY HULTQUIST DIRECTOR 1.00 X 0 0 0 REX BROD DIRECTOR 1.00 X 0 0 0 TERRY FRENCH DIRECTOR 1.00 X 0 0 0 TONDEE LUTTERMAN DIRECTOR 1.00 X 0 0 0 SEANN O'RILEY DIRECTOR 1.00 X 0 0 0 TED PLACE DIRECTOR 1.00 X 0 0 0 TYLER SEALS DIRECTOR 1.00 X 0 0 0 SUSAN TUCKER DIRECTOR 1.00 X 0 0 0 KELLY FERGUSON DIRECTOR 1.00 X 0 0 0 DELL EPPERSON DIRECTOR 1.00 X 0 0 0 DANIEL PETERSON DIRECTOR 1.00 X 0 0 0 DR JOYCE PIVERAL DIRECTOR 1.00 X 0 0 0 DUSTIN WASSON DIRECTOR 1.00 X 0 0 0 DERRICK GRIFFIN DIRECTOR 1.00 X 0 0 0 LISA MCDERMOTT MILLER DIRECTOR 1.00 X 0 0 0 BROCK PFOST DIRECTOR 1.00 X 0 0 0 GINA SMITH DIRECTOR 1.00 X 0 0 0 COREY STRIDER DIRECTOR 1.00 X 0 0 0 DR GARY TUNELL DIRECTOR 1.00 X 0 0 0 LORI STEINER CHIEF FINANCIAL OFFICER 40.00 X 112686 0 39258 112686 0 39258 1 0 1 0 0 264737 6286749 449025 6551486 PROGRAM SERVICE REVENUE 900099 725 725 725 766210 -3244 769454 8314 8314 39118 40768 -1650 -1650 -1650 6370913 423279 5327759 425000 1043154 -1721 1041433 1041433 137044 264737 110296 26748 26748 MISCELLANEOUS REVENUE 900099 8567 8567 8567 8401833 725 -3244 1852866 8752070 8752070 146827 146827 42015 8403 33612 18851 3770 15081 11834 643 11191 20356 20356 34441 34441 51084 51084 134042 134042 4426 4426 20145 5500 14645 51249 234 7664 43351 82534 16386 13450 52698 69469 39384 3832 26253 55886 3695 24096 28095 185482 185482 49727 13519 12343 23865 45834 5894 5994 33946 BOND FEES 103792 103792 ALUMNI MAGAZINE 96895 96895 MERCHANT FEES 25013 25013 MEMBERSHIP 8905 8905 34208 15127 18852 229 10045085 9301878 520125 223082 364154 274786 2048484 1471869 6084436 5974838 3951365 3544449 2566153 748324 2309578 1817829 19513717 21326904 18988202 23948352 2570172 3031515 55830108 61390542 120875 133147 45500 38650 5985000 5390000 102537 87484 1359278 1114805 7613190 6764086 X 3747754 5954933 44469164 48671523 48216918 54626456 55830108 61390542 X -1643252 7520473 532317 X 0 1 X 1 0 X 11804683 4884672 4868876 4328371 6551486 32438088 11804683 4884672 4868876 4328371 6551486 32438088 4213208 28224880 879445 981209 1030732 844895 810805 4547086 124829 63913 52834 46772 23504 311852 889423 56116 39086 16358 8567 1009550 38306576 87338 0.73680 0.74510 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 338,384. 2017 AMOUNT: $ 56,116. 2018 AMOUNT: $ 39,086. 2019 AMOUNT: $ 16,358. 2020 AMOUNT: $ 8,567. MANAGEMENT FEES - 2016 AMOUNT: $ 551,039. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51084 51084 9994001 10045085 652254 163064 0 0 436135 410814 398689 652254 1897892 2846838 46548 46548 51084 51084 195264 109034 102704 99672 163064 474474 711711 0 144450 X X 0 0 1 X 27339139 1249751 5962330 877624 421 490647 33182528 26879054 1333066 445068 816572 1475 500002 27339139 25787491 918821 1375095 698743 54968 448642 26879054 24770912 321265 1940854 674298 81711 489531 25787491 21510496 1578188 2639462 834768 -313790 436256 24770912 0.00180 0.22160 0.77660 0 0 267000 267000 2131486 725107 1406379 23217 23217 0 144450 144450 1817829 SALIENT MLP TOTAL RETURN 1232575 F THIRTEEN PARTNERS OFFSHORE 1774353 F COMMON FUND MULTI-STRATEGY EQUITY 11547082 F IRONWOOD INTERNATIONAL 1991941 F COMMONFUND MULTI-STRATEGY BOND 4058283 F COMMON FUND GLOBAL PRIVATE EQUITY PARTNERS 2014 1167748 F LEGACY VENTURE IX 787706 F GOLUB CAPITAL PARTNERS 10 875000 F GOLUB CAPITAL PARTNERS 11 437500 F LEGACY VENTURE X 76164 F 23948352 ANNUITY CONTRACTS 835113 PRESENT VALUE OF INTEREST RATE SWAP 279692 1114805 X 16502645 7520473 31000 532317 8083790 8418855 134042 -151064 -17022 8401833 10093107 31000 151064 182064 9911043 134042 134042 10045085 PART III, LINE 4: AGATE COLLECTION HOUSED IN GEOLOGY DEPARTMENT WHERE IT IS AVAILABLE FOR PUBLIC VIEWING AND ASSISTS IN THE EDUCATION OF GEOLOGY COURSES. ZOOLOGICAL SPECIMENS AND A MASTODON SKULL IS HOUSED IN THE WARREN AND RITA SHUCK MUSEUM OF LIFE SCIENCES WHERE IT IS AVAILABLE FOR PUBLIC VIEWING AND ASSISTS IN THE EDUCATION OF VARIOUS BIOLOGY AND ZOOLOGY COURSES. CRYSTAL TROPHIES ARE HOUSED IN THE ATHLETIC DEPARTMENT WHERE THEY ARE AVAILABLE FOR PUBLIC VIEWING. PART IV, LINE 2B: THE FOUNDATION HOLDS FUNDS IN A CUSTODIAL CAPACITY FOR THE NORTHWEST BOOSTER CLUB, AN ORGANIZATION SEPARATE FROM THE FOUNDATION. PART V, LINE 4: INVESTMENT EARNINGS ON ENDOWED FUNDS ARE USED FOR SCHOLARSHIPS, UNIVERSITY SUPPORT AND UNIVERSITY PROGRAMS. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. THE FOUNDATION FOLLOWS THE STANDARD FOR EVALUATING UNCERTAIN TAX POSITIONS AND HAS DETERMINED NO LIABILITY SHOULD BE RECORDED FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE OF INTEREST RATE SWAP 149,306. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 351,055. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 22,864. CHANGE IN VALUE OF ANNUITY LIABILITIES 9,092. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -40,768. FUNDRAISING EXPENSE -110,296. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 40,768. FUNDRAISING EXPENSE 110,296. GOLF TOURNAMENT 401781 264737 137044 12473 24400 12214 0 61209 401781 264737 137044 12473 24400 12214 61209 110296 26748 1 NORTHWEST MISSOURI STATE UNIVERSITY 800 UNIVERSITY DRIVE MARYVILLE MO 64468 446000301 GOV 8752070 $1,355,908 - HUGHES FIELDHOUSE CONTRUCTION; $3,970,000 - AGRICULTURAL LEARNING CENTER; $1,165,000 - FOOTBALL LOCKER ROOM; $1,061,688 - SUPPORT FOR NWMSU PROGRAMS; $1,199,474 - SCHOLARSHIPS 1 0 PART I, LINE 2: ALL CHECK REQUESTS MUST HAVE THE SIGNATURE OF A FUND CUSTODIAN BEFORE THEY WILL BE ISSUED. THE FOUNDATION REQUESTS INVOICE SUPPORT AND DETAIL OF INDIVIUDAL EXPENDITURES BEFORE MAKING PAYMENT FOR REIMBURSEMENT REQUESTS. THE FOUNDATION CFO ATTENDS FACILITY MEETINGS CONDUCTED BY THE UNIVERSITY TO STAY INFORMED ON BUILDING PROJECT COSTS TO ENSURE THAT REMITTANCES OF DONOR PLEDGES FOR CAPITAL PROJECTS DO NOT EXCEED PROJECT COSTS. 0 0 0 0 0 0 0 0 0 LORI STEINER CHIEF FINANCIAL OFFICER 112686 0 0 0 0 0 25157 0 14101 0 151944 0 0 0 A NODAWAY COUNTY INDUSTRIAL DEVELOPMENT BOARD 521313729 655223AB1 2008-10-16 7675000 EDUCATIONAL FACILITIES ON NORTHWEST MISSOURI STATE UNVERSITY CAMPUS 0 0 0 A 3860000 7677078 134439 30000 7502055 10584 2008 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 1 US BANK 2.500000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NODAWAY COUNTY INDUSTRIAL DEVELOPMENT BOARD DATE THE REBATE COMPUTATION WAS PERFORMED: 10/01/2012 SCH K, PART II, LINE 3 TOTAL PROCEEDS OF ISSUE ALSO INCLUDES $2,078 OF INTEREST EARNINGS ON THE PROCEEDS. X 13 402179 MARKET VALUE X SUPPLIES 3 28022 ESTIMATED MARKET VAL X RECYCLING PAPER AND WOOD PRODUCTS 3 18824 ESTIMATED MARKET VAL 0 0 1 0 FORM 990, PART V, LINE 2: ALL W-2S AND OTHER PAYROLL TAX FILINGS FOR THE FOUNDATION ARE REMITTED BY NWMSU UNDER THEIR EIN: 44-600301. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD PRESIDENT, VICE PRESIDENT, IMMEDIATE PAST PRESIDENT, STANDING COMMITTEE CHAIRS, AND UP TO TWO PRESIDENT APPOINTED 'AT-LARGE' MEMBERS. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS OF THE BOARD. ALL ACTIONS OF THE EXECUTIVE COMMITTEE WILL BE FOLLOWED UP BY SUBSEQUENT BOARD APPROVAL. FORM 990, PART VI, SECTION A, LINE 6 THE NORTHWEST ALUMNI ASSOCIATION MEETS THE IRS DEFINITION OF MEMBER FOR PURPOSES OF THIS QUESTION. FORM 990, PART VI, SECTION A, LINE 7A IT IS REQUIRED BY THE BYLAWS THAT THE PRESIDENT OF THE NORTHWEST ALUMNI ASSOCIATION BE A VOTING MEMBER OF NORTHWEST FOUNDATION, INC.'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, AND THEN AT LEAST 10 DAYS PRIOR TO THE DUE DATE, A DRAFT IS PRESENTED TO THE BOARD, EITHER IN PERSON AT THEIR OCTOBER MEETING, OR VIA EMAIL DISTRIBUTION BY THE FINANCE OFFICER. TIME IS ALLOWED FOR BOARD MEMBERS TO SUBMIT COMMENTS OR QUESTIONS BEFORE FINAL FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION STAFF SHALL PROVIDE EACH MEMBER OF THE BOARD AND OF EACH COMMITTEE, SUBCOMMITTEE AND COUNCIL A COPY OF THE CONFLICT OF INTEREST POLICY STATEMENT FOR SIGNATURE PRIOR TO OR AT THE FIRST MEETING OF THE YEAR OF THE BOARD OR OF ANY COMMITTEE, SUBCOMMITTEE OR COUNCIL. ANY MEMBER OF THE BOARD OR OF A COMMITTEE, SUBCOMMITTEE OR COUNCIL WHO REFUSES OR FAILS TO SIGN SUCH A STATEMENT SHALL BE PROHIBITED FROM PARTICIPATING IN DISCUSSION OR ACTION BY THE BOARD OR ANY COMMITTEE, SUBCOMMITTEE OR COUNCIL UNTIL SUCH STATEMENT IS SIGNED. MEMBERS OF THE BOARD OF DIRECTORS ARE OBLIGATED TO SELF-REPORT ANY CONFLICT OR POTENTIAL CONFLICT THE BOARD PRESIDENT AND ANY APPLICABLE COMMITTEE CHAIRPERSON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS; PROVIDED, HOWEVER, IF THE INTERESTED PERSON BELIEVES A CONFLICT OF INTEREST EXISTS, THE BOARD OR COMMITTEE SHALL BE GUIDED BY THE BELIEF OF THE INTERESTED PERSON IN REACHING ITS DECISION. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THE INDIVIDUAL IN CONFLICT MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULT IN THE CONFLICT OF INTEREST. ANNUAL REVIEWS OF ALL TRANSACTIONS WITH INTERESTED PERSONS SHALL BE CONDUCTED. A REPORT OF SUCH ANNUAL REVIEW SHALL BE MADE TO THE BOARD AND REFLECTED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A ALL STAFF MEMBERS OF NORTHWEST FOUNDATION, INC. ARE COMPENSATED AS EMPLOYEES OF NORTHWEST MISSOURI STATE UNIVERSITY IN THE OFFICE OF UNIVERSITY ADVANCEMENT. THE FOUNDATION DOES NOT HAVE EMPLOYEES OF ITS OWN. THE UNIVERSITY SETS COMPENSATION BASED ON A MARKET EVALUATION BY CUPA AND EMPLOYEE'S SALARIES FALL IN THE RANGE OF 85% TO 115% OF THE CUPA MARKET AVERAGES. THE FOUNDATION BOARD REVIEWS AND APPROVES THE SALARY CHANGE YEARLY. THIS WAS LAST COMPLETED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST VIA E-MAIL, FAX, OR REGULAR MAIL. IN ADDITION, THE FINANCIAL STATEMENTS ARE POSTED ON WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF INTEREST RATE SWAP 149,306. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 351,055. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 22,864. CHANGE IN VALUE OF ANNUITY LIABILITIES 9,092.