2020-11-13T08:49:17-06:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 801 FELIX STREET ST JOSEPH MO 64501 990 2019-07-01 237165025 NORTHWEST FOUNDATION INC NORT 6605621248 800 UNIVERSITY DRIVE MARYVILLE MO 64468 LORI STEINER CHIEF FINANCIAL OFFICER 6605621248 2020-11-13 1 HAROLD RAY P01248589 8162328441 2020-11-13 12.249.9.134 2020-11-13 08:06:18 CS P B4B4B35BBA73BA0F4ADF5398D56FF78782DB48D3 B4B4B35BBA73BA0F4ADF5398D56FF78782DB48D3 2019 2021-01-29 14:40:06Z LORI STEINER 800 UNIVERSITY DRIVE MARYVILLE MO 64468 11556695 0 X WWW.NWMISSOURI.EDU/ALUMNI/FOUNDATION X 1971 MO DEVELOPS AND STEWARDS PHILATHROPIC RESOURCES FOR THE BENEFIT OF NWMSU AND IT'S STUDENTS. 39 39 2 40 14575 4589 4868876 4328371 28847 9418 996329 1619131 92758 71359 5986810 6028279 3824766 3610389 0 0 241560 214596 0 0 282503 1149953 1148795 5216279 4973780 770531 1054499 56267679 55830108 8171490 7613190 48096189 48216918 THE NORTHWEST FOUNDATION, INC DEVELOPS AND STEWARDS PHILANTHROPIC RESOURCES FOR THE BENEFIT OF NORTHWEST MISSSOURI STATE UNIVERSITY (NWMSU) AND IT'S STUDENTS. 0 0 2495796 2495796 0 PROVIDES SUPPORT FOR NORTHWEST MISSOURI STATE UNIVERSITY PROGRAMS 1114593 1114593 0 PROVIDES FUNDING OF SCHOLARSHIPS FOR NORTHWEST MISSOURI STATE UNIVERSITY STUDENTS. THERE WERE 1,383 SCHOLARSHIPS AWARDED DURING THE YEAR. 575117 0 9418 PROVIDES SUPPORT FOR DEPARTMENTS OF THE UNIVERSITY AND SERVES AUXILIARY FUNDS INCLUDING THE ATHLETIC DEPARTMENT AND COMMUNICATIONS DEPARTMENT 4185506 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 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 2 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 39 39 0 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 AK KY MA MD ME MI MN MS NH NJ NV NY OH OR SC WA X X LORI STEINER CPA 6605621248 800 UNIVERSITY DRIVE MARYVILLE MO 64468 JENNIFER NICHOLSON PRESIDENT 4.00 X X 0 0 0 ROBERT BURRELL VICE PRESIDENT 1.00 X X 0 0 0 ARNOLD JOHNSON IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 JOHN CLINE DIRECTOR 1.00 X 0 0 0 KAREN DANIEL DIRECTOR 1.00 X 0 0 0 KEN DEBAENE DIRECTOR 1.00 X 0 0 0 MYRA EVANS DIRECTOR 1.00 X 0 0 0 MIKE FAUST DIRECTOR 1.00 X 0 0 0 CARL HUGHES DIRECTOR 1.00 X 0 0 0 PAUL JENNINGS DIRECTOR 1.00 X 0 0 0 JAYMA SANDQUIST DIRECTOR 1.00 X 0 0 0 BRAD STEPHENS DIRECTOR 1.00 X 0 0 0 STANLEY ZEAMER 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 DIRECTOR 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 MARCUS MACK 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 JOYCE PIVERAL DIRECTOR 1.00 X 0 0 0 DUSTIN WASSON DIRECTOR 1.00 X 0 0 0 ROGER HENDREN DIRECTOR - LEFT OCT 2019 1.00 X 0 0 0 LORI STEINER CHIEF FINANCIAL OFFICER 40.00 X 102542 0 28500 102542 0 28500 1 0 0 0 0 110921 4217450 82606 4328371 PROGRAM SERVICE REVENUE 900099 9418 9418 9418 808290 14575 793715 8000 8000 43180 38361 4819 4819 4819 6281132 5470291 810841 810841 810841 61946 110921 19764 42182 42182 MISCELLANEOUS REVENUE 900099 16358 16358 16358 6028279 9418 14575 1675915 3610389 3610389 145410 145410 40438 8087 32351 17035 3407 13628 11713 619 11094 29380 29380 30760 30760 51084 51084 126057 126057 3346 3346 26891 5500 21391 60032 174 8911 50947 91728 28641 14351 48736 80507 32613 7188 40706 125086 17988 39521 67577 222968 222968 51106 18192 10971 21943 40381 5753 4090 30538 BOND FEES 111250 111250 ALUMNI MAGAZINE 67768 67768 MERCHANT FEES 16553 16553 MEMBERSHIP 8325 8325 5573 1073 3835 665 4973780 4185506 505771 282503 1477036 364154 970709 2048484 6812460 6084436 4339162 3951365 2988153 678575 2372229 2309578 30939508 19513717 6751566 18988202 2605009 2570172 56267679 55830108 406973 120875 0 45500 6465000 5985000 0 102537 1299517 1359278 8171490 7613190 X 4131210 3747754 43964979 44469164 48096189 48216918 56267679 55830108 X 1054499 -677699 -256071 X 0 1 X 1 0 X 6532528 11804683 4884672 4868876 4328371 32419130 6532528 11804683 4884672 4868876 4328371 32419130 3329691 29089439 1055081 879445 981209 1030732 844895 4791362 124829 63913 52834 46772 288348 541102 889423 56116 39086 16358 1542085 39040925 120965 0.74510 0.72220 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 541,102. 2016 AMOUNT: $ 338,384. 2017 AMOUNT: $ 56,116. 2018 AMOUNT: $ 39,086. 2019 AMOUNT: $ 16,358. MANAGEMENT FEES - 2016 AMOUNT: $ 551,039. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51084 51084 4922698 4973782 398689 99672 0 0 532979 436135 410814 398689 1778617 2667926 46548 46548 46548 51084 190728 133245 109034 102704 99672 444655 666983 0 144450 X X 0 0 1 X 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 21657601 1255532 -537908 727624 -265581 402686 21510496 0.00050 0.09980 0.89970 0 0 425000 264000 689000 2131486 656739 1474747 23217 21836 1381 144450 144450 2309578 SALIENT MLP TOTAL RETURN 852257 F THIRTEEN PARTNERS OFFSHORE 1650721 F COMMON FUND MULTI-STRATEGY EQUITY 8385375 F IRONWOOD INTERNATIONAL 1810466 F COMMONFUND MULTI-STRATEGY BOND 3939390 F COMMON FUND GLOBAL PRIVATE EQUITY PARTNERS 2014 871128 F LEGACY VENTURE IX 229719 F GOLUB CAPITAL PARTNERS 10 834571 F GOLUB CAPITAL PARTNERS 11 414575 F 18988202 ANNUITY CONTRACTS 930280 PRESENT VALUE OF INTEREST RATE SWAP 428998 1359278 X 5074415 -677699 47838 -256071 -885932 5960347 126057 -58125 67932 6028279 4953686 47838 58125 105963 4847723 126057 126057 4973780 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 -142,070. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS -30,533. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 24,030. CHANGE IN VALUE OF ANNUITY LIABILITIES -107,498. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -38,361. FUNDRAISING EXPENSE -19,764. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 38,361. FUNDRAISING EXPENSE 19,764. GOLF TOURNAMENT 172867 110921 61946 1380 4350 1932 1890 10212 172867 110921 61946 1380 4350 1932 1890 10212 19764 42182 1 NORTHWEST MISSOURI STATE UNIVERSITY 800 UNIVERSITY DRIVE MARYVILLE MO 64468 446000301 GOV 3610389 $1,573,297 - HUGHES FIELDHOUSE CONTRUCTION; $922,499 - SUPPORT FOR NWMSU PROGRAMS; $1,114,593 - 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. A NODAWAY COUNTY INDUSTRIAL DEVELOPMENT BOARD 521313729 655223AB1 2008-10-16 7675000 EDUCATIONAL FACILITIES ON NORTHWEST MISSOURI STATE UNVERSITY CAMPUS 0 0 0 A 3465000 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. SCH K, PART IV, LINE 7 IN THE PAST, WE HAVE RELIED ON THE TAX COMPLIANCE AGREEMENT BUT WE ARE IN THE PROCESS OF ADOPTING SEPARATE POLICIES WITH AN EXPECTED REVIEW AND ADPOTION IN JANUARY, 2021. SCH K, PART V IN THE PAST, WE HAVE RELIED ON THE TAX COMPLIANCE AGREEMENT BUT WE ARE IN THE PROCESS OF ADOPTING SEPARATE POLICIES WITH AN EXPECTED REVIEW AND ADPOTION IN JANUARY, 2021. X 3 59880 MARKET VALUE X RECYCLING PAPER AND WOOD PRODUCTS 7 20994 ESTIMATED MARKET VAL X SUPPLIES 2 1232 ESTIMATED MARKET VAL X GIFT CARDS 1 500 CASH EQUIVALENT VALU 0 0 1 0 PART I, COLUMN (B): NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS 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 4 THE BYLAWS WERE REVISED DURING THE TAX YEAR. SIGNIFICANT CHANGES WERE AS FOLLOWS: 1. NOMINATIONS FOR PRESIDENT AND VICE PRESIDENT ARE NOW MADE BY THE EXECUTIVE COMMITTEE, PREVIOUSLY THERE WAS SPECIFIC NOMINATIONS PROCESS NOTED. 2. OFFICERS ARE NOW ELECTED BIANNUALLY, PREVIOUSLY OFFICERS WERE ELECTED ANNUALLY. AS SUCH, THE PRESIDENT AND OTHER OFFICERS NOW SERVE FOR A TWO YEAR RATHER THAN ONE YEAR TERM. 3. THE VICE PRESIDENT NOW SUCCEEDS THE PRESIDENT AUTOMATICALLY, PREVIOUSLY A VOTE WOULD HAVE BEEN CONDUCTED. 4. THE PRESIDENT NOW FILLS ANY VACANCY OF THE VICE PRESIDENT OFFICER POSITION, PREVIOUSLY A VACANCY WOULD HAVE BEEN FILLED BY THE BOARD. 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 OF THE FORM 990 WILL BE DISTRIBUTED BY THE FINANCE OFFICER TO THE ENTIRE BOARD OF DIRECTORS VIA EMAIL. A REQUEST FOR COMMENTS WITHIN FIVE DAYS TIME WILL ACCOMPANY THE EMAIL WHICH WILL BE SENT WITH A "READ RECEIPT". 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 2019. 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 -142,070. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS -30,533. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 24,030. CHANGE IN VALUE OF ANNUITY LIABILITIES -107,498.