2019-05-03T15:19:00-05:00 2018-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2017-07-01 382376475 NORTHWESTERN MICHIGAN COLLEGE FOUNDATION NORT 2319951144 1701 E FRONT ST TRAVERSE CITY MI 49686 REBECCA TEAHEN EXECUTIVE DIRECTOR 2319951144 2019-04-26 1 CAROL LALONDE CPA P00181637 2695674500 2019-04-12 67.59.56.32 2019-04-26 07:02:19 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CCA63B8B087B63682558B5C93248143A9D036578 2017 2019-02-21 02:37:17Z REBECCA TEAHEN 1701 E FRONT ST TRAVERSE CITY MI 49686 12943521 0 X WWW.NMC.EDU/FOUNDATION X 1981 MI TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE. 34 30 0 575 0 0 2787970 4454669 0 0 1757943 2314628 -34206 -17015 4511707 6752282 2032832 2426651 0 0 0 0 0 0 592094 708813 788192 2741645 3214843 1770062 3537439 41787289 45783143 1012865 1196620 40774424 44586523 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 2426651 2426651 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. 2426651 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 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 X 34 30 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 BILL F MARSH JR CHAIR 3.00 0.00 X X 0 0 0 AL ZELINSKI FIRST VICE-CHAIR 3.00 0.00 X X 0 0 0 TIMOTHY J NELSON SECOND VICE-CHAIR 8.00 36.00 X X 0 243453 39338 REBECCA TEAHEN EXECUTIVE DIRECTOR 36.00 8.00 X X 0 107188 41844 STEPHEN M FISHER TREASURER 3.00 0.00 X X 0 0 0 WENDY H STEELE BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X X 0 0 0 MARK A LUNDMARK IMMEDIATE PAST CHAIR 3.00 0.00 X 0 0 0 KENNARD R WEAVER TRUSTEE 1.00 0.00 X 0 0 0 BONNIE S ALFONSO BOARD MEMBER 1.00 0.00 X 0 0 0 SUZANNE ALLEN BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL A ASCIONE BOARD MEMBER - PARTIAL YEAR 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 - PARTIAL YEAR 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 DONBERG BOARD MEMBER 1.00 0.00 X 0 0 0 FRANCIS J GINGRAS BOARD MEMBER 1.00 0.00 X 0 0 0 KIM HAGERTY BOARD MEMBER 1.00 0.00 X 0 0 0 RANDY J KIESSEL BOARD MEMBER 1.00 0.00 X 0 0 0 CRAIG S LAFAVE BOARD MEMBER - PARTIAL YEAR 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 JAYNE H MOHR SECRETARY 3.00 0.00 X 0 0 0 KEVIN S SCHLUETER BOARD MEMBER 1.00 0.00 X 0 0 0 JULIETTE A SCHULTZ BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 SUSAN K SHELDON BOARD MEMBER 1.00 0.00 X 0 0 0 MARTHA A WATTS BOARD MEMBER 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 STEVEN H RICE NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 67083 23235 CHERYL M BLOOMQUIST NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 77103 31872 MELVIN R COOKE JR BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 DON A GOOD BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 SARA N HARDING BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 JAMES W HOOK BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 TERENCE S MALONE BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 HARLAN W PETERSON BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 MICHAEL ESTES TRUSTEE 1.00 0.00 X 0 0 0 ELEANOR E LYNN BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID M SHOOLTZ BOARD MEMBER 1.00 0.00 X 0 0 0 NANCY B ZIMMER BOARD MEMBER 1.00 0.00 X 0 0 0 ISAAC N DEDENBACH NMC STUDENT REPRESENTATIVE 1.00 0.00 X 0 0 0 VICKI COOK VICE PRESIDENT OF FINANCE 4.00 36.00 X 0 140643 47300 0 635470 183589 3 0 1 0 0 297917 4156752 113719 4454669 815833 815833 7530594 6031799 1498795 1498795 1498795 131460 297917 158150 -26690 -26690 10965 1290 9675 9675 6752282 0 0 2297613 2426651 2426651 99534 99534 54516 54516 75 75 2331 2331 29168 29168 FUNDRAISING 592094 592094 BAD DEBT EXPENSE 9113 9113 SALES TAX EXPENSE 1361 1361 3214843 2426651 196098 592094 1837781 2299425 3075375 4247215 16487 6296 36470717 38757484 10124 58157 376805 414566 41787289 45783143 32041 6158 50562 58581 930262 1131881 1012865 1196620 X 4143281 4619586 24491986 26616238 12139157 13350699 40774424 44586523 41787289 45783143 X 3537439 261785 12875 X X 0 1 X 1 0 X 2461659 1564225 4438140 2787970 4454669 15706663 158042 260865 403855 444771 1267533 2461659 1722267 4699005 3191825 4899440 16974196 782299 16191897 911094 948586 757953 778112 815833 4211578 239951 263641 212790 115182 142425 973989 22159763 0.73070 0.69230 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING - 2013 AMOUNT: $ 226,128. 2014 AMOUNT: $ 245,317. 2015 AMOUNT: $ 189,979. 2016 AMOUNT: $ 103,962. 2017 AMOUNT: $ 131,460. GAMING - 2013 AMOUNT: $ 13,735. 2014 AMOUNT: $ 18,165. 2015 AMOUNT: $ 22,793. 2016 AMOUNT: $ 11,220. 2017 AMOUNT: $ 10,965. MISCELLANOUS - 2013 AMOUNT: $ 88. 2014 AMOUNT: $ 159. 2015 AMOUNT: $ 18. 19115643 1136566 1214093 541465 -73706 20998543 17652407 328548 1624433 511892 -22147 19115643 17863277 432585 -66409 484114 92932 17652407 17664456 431196 179535 488130 -76220 17863277 14595975 1114638 2286412 413724 -81155 17664456 0.05600 0.30820 0.63580 0 0 0 SPLIT INTEREST AGREEMENTS PAYABLE 82175 PAYABLE TO NORTHWESTERN MICHIGAN COLLEGE 1049706 1131881 7471713 261785 444771 12875 719431 6752282 0 6752282 3659614 444771 444771 3214843 0 3214843 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 12,875. GOLF OUTING 171198 119673 51525 0 24051 36051 0 0 16621 TASTE OF SUCCESS 163921 142421 21500 0 14056 945 10412 0 2613 4 94258 35823 58435 0 410 0 26262 0 26729 429377 297917 131460 38517 36996 36674 45963 158150 -26690 1 NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 GOVERNMENTAL 2313342 113309 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 0 206216 0 0 0 37237 0 26246 0 13092 0 282791 0 0 VICKI COOK VICE PRESIDENT OF FINANCE 0 137043 0 0 0 3600 0 34375 0 12925 0 187943 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 61500 FMV X 4 7550 FMV X 3 1044 FMV X 3 2050 FMV X WELDING SUPPLIES 13 28986 FMV X AUCTION ITEMS 75 27791 FMV X MISCELLANEOUS 12 10864 FMV X AVIATION SUPPLIES 2 5500 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 PRESENTED AT A REGULARLY SCHEDULED BOARD MEETING FOR REVIEW AND DISCUSSION 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 2016. 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 12,875. 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 1 1 1 1 1 0 1 0