2025-11-12T09:59:07-06:00 2025-06-30 331498605 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2024-07-01 366086819 NORTHERN ILLINOIS UNIVERSITY FOUNDATION NORT 8157530282 ALTGELD HALL 134 DEKALB IL 60115 MICHAEL DAIGLER PRESIDENT AND CEO 8157530282 2025-11-15 1 1 DORI J EGGETT P00645252 3037409400 2025-11-10 2024 2025-03-06 01:10:19Z MICHAEL DAIGLER ALTGELD HALL 134 DEKALB IL 60115 60306566 0 X WWW.NIUFOUNDATION.ORG X 1949 IL TO SECURE AND MANAGE PRIVATE SUPPORT TO BENEFIT NORTHERN ILLINOIS UNIVERSITY. 29 29 0 1670 -179768 2584 11165020 50144834 1297374 1424365 6601130 8452734 151872 284633 19215396 60306566 9854456 11611951 0 0 0 0 0 0 2904065 6019151 7032277 15873607 18644228 3341789 41662338 183520460 235186416 17098102 17495281 166422358 217691135 X THE NIU FOUNDATION'S MISSION IS TO ENERGIZE AND CONNECT THE PRIVATE SECTOR WITH THE NIU COMMUNITY TO SECURE AND STEWARD RESOURCES THAT SUPPORT THE FUTURE AND GROWTH OF NIU. 0 0 13262209 11611951 1420494 SEE SCHEDULE O 13262209 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 129 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL NY NM OR UT CO WA MA OH X X KYM KOWALSKI 8157531663 ALTGELD HALL 134 DEKALB IL 60115 X JOHN TIERNEY BOARD CHAIR 2.00 0.00 X X 0 0 0 MIKE PAULL TREASURER 2.00 0.00 X X 0 0 0 WHEELER COLEMAN VICE CHAIR 2.00 0.00 X X 0 0 0 CYNTHIA CROCKER DIRECTOR 1.00 0.00 X 0 0 0 STACEY BARSEMA DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM BOSTON DIRECTOR 1.00 0.00 X 0 0 0 BRENT BRODESKI DIRECTOR 1.00 0.00 X 0 0 0 CAROL CRENSHAW DIRECTOR 1.00 0.00 X 0 0 0 JOHN THOMAS FUTRELL DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY KAMBICH DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY LIESENDAHL DIRECTOR 1.00 0.00 X 0 0 0 JAMES PICK DIRECTOR 1.00 0.00 X 0 0 0 MANNY SANCHEZ DIRECTOR 1.00 0.00 X 0 0 0 RICH ESCALANTE DIRECTOR 1.00 0.00 X 0 0 0 PETE GARRITY DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH SENER DIRECTOR 1.00 0.00 X 0 0 0 RAY BANKS DIRECTOR 1.00 0.00 X 0 0 0 CHERILYN MURER DIRECTOR 1.00 0.00 X 0 0 0 BECCA KATZ STUDENT DIRECTOR 1.00 0.00 X 0 0 0 JC LABARBERA STUDENT DIRECTOR 1.00 0.00 X 0 0 0 LEANNE MURPHY DIRECTOR 1.00 0.00 X 0 0 0 HARLAN TELLER DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN DRAKE DIRECTOR 1.00 0.00 X 0 0 0 KEN QUINN DIRECTOR 1.00 0.00 X 0 0 0 KRISTIN HAMBLOCK DIRECTOR 1.00 0.00 X 0 0 0 FRANK CLARK DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH MANIOLA DIRECTOR 1.00 0.00 X 0 0 0 MARTY JOHNSTON DIRECTOR 1.00 0.00 X 0 0 0 CHRIS COLE DIRECTOR - THRU 6/30/25 1.00 0.00 X 0 0 0 CATHERINE SQUIRES PRESIDENT/CEO, SECRETARY-THRU 6/30/25 40.00 0.00 X 0 316960 45100 KYM KOWALSKI CONTROLLER & SR. DIR. OF FINANCE 40.00 0.00 X 0 175219 42216 JEAN GODLEWSKI DIR. OF FINANCE & STRATEGIC INIT 40.00 0.00 X 0 151434 39353 KATE QUINN DIR. OF BOARD RELATIONS 40.00 0.00 X 0 133219 36211 MICHAEL J DAIGLER AVP, COO 40.00 0.00 X 0 217167 60981 RAYMOND JACKSON AVP, CDO 40.00 0.00 X 0 210940 44702 LUKE SEBBY EXEC. DIR., STRATEGIC DEVELOPMENT 40.00 0.00 X 0 200122 44352 PHILIP ZEPEDA EXEC. DIR., CAMPAIGN, COMM, & STRAT 40.00 0.00 X 0 192850 51050 REYNALDO BUSTINZA EXEC. DIR., ALUMNI ENGAGEMENT 40.00 0.00 X 0 192212 34659 ERIN EILEEN SULLIVAN SMITH SR. DIR. OF CORP & FND RELATIONS 40.00 0.00 X 0 133219 50137 SCOTT GLUCK SR. DIR. OF ADVANCEMENT 40.00 0.00 X 0 137215 46075 MICHAEL C ADZOVIC SR. DIR. OPS & ANNUAL GIVING 40.00 0.00 X 0 133418 48572 STEVEN SLOCUM SR. DIR. OF PLANNED GIVING 40.00 0.00 X 0 133219 26439 LAURA KNIGHT SR. DIR. OF ADVANCEMENT 40.00 0.00 X 0 137215 16545 0 2464409 586392 0 0 1 0 MID-AMERICAN CONFERENCE 50 PUBLIC SQUARE SUITE 3000 CLEVELAND OH 44113 ATHLETICS 350000 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 79540 TOWER/RADIO STATION 240012 SALESFORCECOM INC 415 MISSION STREET 3RD FL SAN FRANCISCO CA 94105 CONSULTANT/SOFTWARE 216030 AFFINAQUEST 12030 SUNRISE VALLEY DR RESTON VA 20191 CONSULTANT/SOFTWARE 175131 FUND EVALUATION GROUP LLC 3011 W GRAND BLVD DETROIT MI 48202 INVESTMENT MANAGEMENT 158284 6 50144834 220395 50144834 SERVICE CONTRACT 900099 744106 744106 TRAVEL REVENUE 900099 280722 276851 3871 EVENT REVENUE 900099 238158 238158 QUID PRO QUO ON GIFTS 900099 161379 161379 1424365 4997179 -183639 5180818 72873 72873 1700 0 1700 1700 1700 3455555 0 3455555 3455555 3455555 COMMISSION REVENUE 900099 210060 210060 210060 60306566 1420494 -179768 8921006 X 7944701 7944701 3667250 3667250 118962 11545 107417 56841 56841 591109 591109 483949 170978 57893 255078 87289 42781 15739 28769 878718 223799 273110 381809 401269 305873 6160 89236 629050 294685 80663 253702 45759 45759 95829 95829 FDN SUPPORT FOR SERVICE 3480569 437184 1168106 1875279 EQUIPMENT & MAINTENANCE 94025 61894 22031 10100 OTHER EXPENSES 62300 50253 2603 9444 TAXES 5086 5086 1522 421 453 648 18644228 13262209 2477954 2904065 2776434 13857588 4172114 32861077 150418 4011 258237 402038 4715083 195985 5078522 4519098 140864930 162468045 30198284 21052693 21521 21866 183520460 235186416 561012 720210 18750 18750 16518340 16756321 17098102 17495281 X 26025861 31930158 140396497 185760977 166422358 217691135 183520460 235186416 X 41662338 9829939 -223500 X X 0 1 X 1 0 X 14763497 19050901 15604806 11165020 50144834 110729058 14763497 19050901 15604806 11165020 50144834 110729058 37387898 73341160 2185661 3063825 3713501 4655124 5138188 18756299 263171 2584 265755 190613 234824 137126 81349 210060 853972 130605084 7007536 0.56150 0.76940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 3571 0 0 3571 0 116197 146802 X 0 108952553 16622093 11894361 2803463 3177753 131487791 95644666 4432380 10839849 552998 1411344 108952553 88825259 4616140 6716322 3234078 1278977 95644666 97881780 1365721 -6345157 2687888 1389197 88825259 69766415 8560432 23828269 3107531 1165805 97881780 0.02410 0.64790 0.32800 0 0 3710533 3710533 235832 22121 213711 303220 173864 129356 465498 465498 4519098 LIMITED PARTNERSHIPS 21052693 F 21052693 NIU ENDOWMENT AND GIFT ACCOUNTS 13303110 DUE TO NIU 2403795 ANNUITY LIABILITY 1049416 16756321 74675538 9829939 5130142 14960081 59715457 591109 591109 60306566 23185073 5130142 1812 5131954 18053119 591109 591109 18644228 PART III, LINE 4: COLLECTIONS INCLUDE A ONE ROOM SCHOOL MUSEUM TO PROVIDE CULTURE AT THE UNIVERSITY. PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT NORTHERN ILLINOIS UNIVERSITY AND ITS MISSION TO ADVANCE EXCELLENCE AND TRANSFORM LIVES. PART XII, LINE 2D - OTHER ADJUSTMENTS: NIU REAL ESTATE FOUNDATION EXPENSES 1,812. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS N/A 13462060 0 0 0 0 0 0 13462060 0 13462060 1 0 0 1 0 0 1 NORTHERN ILLINOIS UNIVERSITY 1515 W LINCOLN HIGHWAY DEKALB IL 60015 366008480 PUBLIC UNIVERSITY 5496315 2133237 BOOK EQUIPMENT TO PROVIDE GRANTS TO NORTHERN ILLINOIS UNIVERSITY 1 0 SCHOLARSHIPS, FELLOWSHIPS & AWARDS 1782 3667250 FMV PART I, LINE 2: RECORDS ARE MAINTAINED THROUGH ACCOUNTING SYSTEM SHARED WITH THE RECIPIENT, NORTHERN ILLINOIS UNIVERSITY. 0 0 0 0 0 0 0 0 0 CATHERINE SQUIRES PRESIDENT/CEO, SECRETARY-THRU 6/30/2 0 316960 0 0 0 0 0 24398 0 20702 0 362060 0 0 MICHAEL J DAIGLER AVP, COO 0 217167 0 0 0 0 0 26603 0 34378 0 278148 0 0 RAYMOND JACKSON AVP, CDO 0 210940 0 0 0 0 0 16044 0 28658 0 255642 0 0 LUKE SEBBY EXEC. DIR., STRATEGIC DEVELOPMENT 0 200122 0 0 0 0 0 15285 0 29067 0 244474 0 0 PHILIP ZEPEDA EXEC. DIR., CAMPAIGN, COMM, & STRAT 0 192850 0 0 0 0 0 16672 0 34378 0 243900 0 0 REYNALDO BUSTINZA EXEC. DIR., ALUMNI ENGAGEMENT 0 192212 0 0 0 0 0 14621 0 20038 0 226871 0 0 KYM KOWALSKI CONTROLLER & SR. DIR. OF FINANCE 0 175219 0 0 0 0 0 17020 0 25196 0 217435 0 0 JEAN GODLEWSKI DIR. OF FINANCE & STRATEGIC INIT 0 151434 0 0 0 0 0 18651 0 20702 0 190787 0 0 ERIN EILEEN SULLIVAN SMITH SR. DIR. OF CORP & FND RELATIONS 0 133219 0 0 0 0 0 15348 0 34789 0 183356 0 0 SCOTT GLUCK SR. DIR. OF ADVANCEMENT 0 137215 0 0 0 0 0 10447 0 35628 0 183290 0 0 MICHAEL C ADZOVIC SR. DIR. OPS & ANNUAL GIVING 0 133418 0 0 0 0 0 10151 0 38421 0 181990 0 0 KATE QUINN DIR. OF BOARD RELATIONS 0 133219 0 0 0 0 0 15068 0 21143 0 169430 0 0 STEVEN SLOCUM SR. DIR. OF PLANNED GIVING 0 133219 0 0 0 0 0 10132 0 16307 0 159658 0 0 LAURA KNIGHT SR. DIR. OF ADVANCEMENT 0 137215 0 0 0 0 0 15344 0 1201 0 153760 0 0 PART I, LINE 3 THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY THE UNIVERSITY AND THE NIU FOUNDATION REIMBURSES THE UNIVERSITY. IN ACCORDANCE WITH UNIVERSITY POLICIES AND PRACTICE, THE NIU PRESIDENT PERFORMS AN ANNUAL PERFORMANCE AND COMPENSATION REVIEW FOR THE NIU FOUNDATION PRESIDENT AND CEO. X EQUIPMENT 6 149354 FMV X REPAIRS 6 51111 FMV X FURNITURE & OTHER 9 19930 FMV 0 1 0 PART III LINE 4A NARRATIVE CONTINUATION THE NIU FOUNDATION: ADVANCING NIU, MOVING FORWARD THE NIU FOUNDATION IS A NOT-FOR-PROFIT ENTITY THAT ENGAGES FRIENDS AND ALUMNI AND SECURES AND MANAGES GIFTS IN SUPPORT OF NORTHERN ILLINOIS UNIVERSITY. THE NIU FOUNDATION AND DIVISION OF UNIVERSITY ADVANCEMENT ALIGN THE PHILANTHROPIC ENTERPRISE WITH INSTITUTIONAL PRIORITIES TO DRIVE STRATEGIC, TRANSFORMATIONAL GROWTH. CREATING LIFE-CHANGING OPPORTUNITIES FOR OUR HARDWORKING STUDENTS AND FACULTY IS THE NIU FOUNDATION'S HIGHEST PRIORITY. EACH YEAR, THOUSANDS OF ALUMNI AND DONORS JOIN US IN THIS ENDEAVOR BY PROVIDING GIFTS THAT SUPPORT SCHOLARSHIPS, PROGRAMS, AND FACILITIES. FY25 WAS A HISTORIC YEAR, MARKED BY RECORD-SETTING GENEROSITY AND THE PUBLIC LAUNCH OF FORWARD: THE CAMPAIGN FOR NIU. FORWARD: THE CAMPAIGN FOR NIU ON JUNE 14, 2025, HUNDREDS OF MEMBERS OF THE NIU COMMUNITY GATHERED AT THE NIU CONVOCATION CENTER TO CELEBRATE THE LAUNCH OF THE LARGEST FUNDRAISING EFFORT IN UNIVERSITY HISTORY. WITH A BOLD $300 MILLION GOAL, FORWARD IS A COMPREHENSIVE CAMPAIGN TO ACCELERATE STUDENT SUCCESS, EMPOWER FACULTY EXCELLENCE, AND EXPAND NIU'S REGIONAL AND GLOBAL IMPACT. THE CAMPAIGN IS ANCHORED BY THREE COMMITMENTS: EXPANDING TRANSFORMATIONAL EXPERIENCES BREAKING DOWN BARRIERS TO EDUCATION AND EMPOWERING STUDENTS THROUGH SCHOLARSHIPS, MENTORING, AND HANDS-ON LEARNING. INSPIRING DISCOVERY AND INNOVATION FUELING FACULTY AND STUDENT RESEARCH, CREATIVITY, AND PARTNERSHIPS THAT TURN IDEAS INTO SOLUTIONS. FORTIFYING OUR FUTURE STRENGTHENING NIU'S FINANCIAL AND ENVIRONMENTAL SUSTAINABILITY TO ENSURE A THRIVING INSTITUTION FOR GENERATIONS TO COME. TO DATE, DONORS HAVE RESPONDED WITH EXTRAORDINARY MOMENTUM. THE NIU FOUNDATION SECURED $61.8 MILLION IN NEW GIFTS AND COMMITMENTS, INCLUDING REVOCABLE DEFERRED PLANNED GIFTS, IN FY25 ALONE, REFLECTING BOTH CONFIDENCE IN NIU'S VISION AND BELIEF IN THE POWER OF HIGHER EDUCATION TO TRANSFORM LIVES AND COMMUNITIES. THE UNIVERSITY WE SERVE NIU'S FOCUS ON REMOVING BARRIERS TO A HIGH-QUALITY EDUCATION CONTINUES TO ATTRACT TALENTED STUDENTS FROM ALL BACKGROUNDS. ENROLLMENT SURGED IN FALL 2025, DRIVEN BY GAINS IN NEW FRESHMEN, TRANSFERS, AND STRONG REENROLLMENT. NIU WELCOMED 2,435 NEW FRESHMEN, A 22 PERCENT INCREASE AND THE SECOND-LARGEST FRESHMAN CLASS SINCE 2014. THE UNIVERSITY ALSO ENROLLED 1,622 NEW TRANSFERS, UP 11 PERCENT AND THE LARGEST TRANSFER CLASS IN EIGHT YEARS. COMBINED, TOTAL ENROLLMENT REACHED 16,078 STUDENTS, A 4.3 PERCENT INCREASE OVER FALL 2024. FIFTY-FOUR PERCENT OF NEW FRESHMEN ARE FIRST-GENERATION COLLEGE STUDENTS. FRESHMEN ENTERED WITH AN AVERAGE GPA OF 3.42, TYING THE HIGHEST AVERAGE GPA ON RECORD, AND 18 PERCENT HAD A PERFECT 4.0 GPA. ON-CAMPUS HOUSING REACHED 4,477 STUDENTS, THE HIGHEST IN A DECADE. NIU'S TEST-FREE ADMISSIONS POLICY AND ROBUST MERIT SCHOLARSHIP PROGRAM ENSURE ACCESS WHILE REWARDING ACADEMIC EXCELLENCE. IN FY25, THE FOUNDATION PROVIDED MORE THAN $3.6 MILLION IN SCHOLARSHIPS AND AID, MAKING HIGHER EDUCATION AFFORDABLE AND ATTAINABLE. THESE INVESTMENTS PAY DIVIDENDS: NINE OUT OF TEN STUDENTS WHO RECEIVE NIU FOUNDATION SCHOLARSHIPS GRADUATE. NIU ALSO CONTINUES TO SHINE AS A NATIONAL LEADER IN SOCIAL MOBILITY, RANKED NO. 38 NATIONALLY OUT OF 500 INSTITUTIONS BY THE 2025 WALL STREET JOURNAL/COLLEGE PULSE, THE SECOND-HIGHEST RANKED PUBLIC UNIVERSITY IN ILLINOIS AND AMONG THE TOP FIVE IN THE MIDWEST. SUSTAINING EXCELLENCE AND INNOVATION PHILANTHROPY ENSURES NIU CAN DELIVER ON ITS PROMISE OF EXCELLENCE. ENDOWMENT STRENGTH: $218 MILLION IN NET ASSETS, INCLUDING $131.5 MILLION IN ENDOWMENT (AS OF JUNE 30, 2025). THE NIU FOUNDATION'S BOARD OF DIRECTORS, ALL GENEROUS DONORS THEMSELVES, PROVIDES OVERSIGHT AND STEWARDSHIP. THROUGH ITS INVESTMENT COMMITTEE, THE BOARD SETS POLICIES TO BALANCE GROWTH, PROTECT PRINCIPAL, AND GENERATE RESOURCES FOR SCHOLARSHIPS, PROGRAMS, AND LONG-TERM PRIORITIES. BUILDING ON THAT STRENGTH, THE FOUNDATION'S ENDOWMENT GREW BY 22% THIS FISCAL YEAR, DRIVEN BY STRONG GIVING, ROBUST PLEDGES, AND EXCEPTIONAL INVESTMENT PERFORMANCE. THIS IMPRESSIVE GROWTH REFLECTS DONOR CONFIDENCE IN NIU'S FUTURE AND DISCIPLINED FINANCIAL MANAGEMENT. FACULTY EXCELLENCE: ALUMNI AND DONOR SUPPORT FUELS RESEARCH AND TEACHING INNOVATIONS, FROM SUSTAINABILITY AND WATER RESOURCES TO BIOMEDICAL ENGINEERING AND COMMUNITY HEALTH. NIU FACULTY ALSO PURSUE CUTTING-EDGE RESEARCH IN FIELDS SUCH AS URBAN-REGIONAL MODELING, DISASTER ATTRIBUTION, CONTROLLED ENVIRONMENT AGRICULTURE, PRAIRIE RESTORATION, AND EMERGING CHEMICAL IMPACTS. THESE EFFORTS ARE STRENGTHENED BY PARTNERSHIPS WITH THE U.S. GEOLOGICAL SURVEY, ARGONNE NATIONAL LABORATORY, DEKALB COUNTY COMMUNITY GARDENS, THE UNIVERSITY OF ILLINOIS, AND SOUTHERN ILLINOIS UNIVERSITY. PROGRAMS SUCH AS RESEARCH ROOKIES PROVIDE UNDERGRADUATES WITH OPPORTUNITIES TO LEARN ALONGSIDE FACULTY MENTORS, BUILDING SKILLS AND CONFIDENCE FOR GRADUATE SCHOOL AND CAREERS. IN FY25, THE FOUNDATION PROVIDED MORE THAN $10.9 MILLION TO SUPPORT CAMPUS DEPARTMENTS, PROGRAMS, AND PROFESSORSHIPS. SUSTAINABILITY LEADERSHIP: NIU'S COMMITMENT TO CLIMATE ACTION INCLUDES THE NORTHERN ILLINOIS CENTER FOR COMMUNITY SUSTAINABILITY (NICCS), A HUB OF THE ILLINOIS INNOVATION NETWORK. NICCS ADVANCES SOLUTIONS TO ENVIRONMENTAL CHANGE AND SHIFTING DEMOGRAPHICS BY CONNECTING RESEARCH AND INNOVATION IN FOOD SYSTEMS, WATER RESOURCES, AND ENVIRONMENTAL ADAPTATION, WHILE ALSO PROMOTING SCIENCE-BASED PRACTICES FOR COMMUNITIES. LANDMARK AND ONGOING CAPITAL PROJECTS: DONOR GENEROSITY HAS ALSO SHAPED THE PHYSICAL ENVIRONMENT WHERE THE NIU COMMUNITY LEARNS AND LEADS. FROM BARSEMA HALL AND THE BARSEMA ALUMNI AND VISITORS CENTER TO THE YORDON CENTER AND THE CHESSICK PRACTICE FACILITY, ALUMNI AND DONORS HAVE LONG SET THE PACE FOR WHAT IS POSSIBLE. LOOKING AHEAD, PROJECTS SUCH AS NICCS, THE CENTER FOR GREEK LIFE, AND THE TRANSFORMATIONAL BAUSTERT BAHWELL HEALTH TECHNOLOGY CENTER WILL CONTINUE THAT TRADITION OF IMPACT. IN FY25, MORE THAN $2.4 MILLION WAS INVESTED IN BUILDING PROJECTS AND EQUIPMENT TO ENHANCE THE LEARNING AND LIVING ENVIRONMENT. IN TOTAL, THE NIU FOUNDATION INCREASED ITS GRANTS TO THE UNIVERSITY BY 10 PERCENT OVER FY24 RISING FROM $11.2 MILLION TO $12.3 MILLION REFLECTING A CONTINUED COMMITMENT TO ADVANCING ACADEMIC EXCELLENCE AND STUDENT SUCCESS. ENGAGING ALUMNI AND BUILDING COMMUNITY WITH MORE THAN 260,000 ALUMNI WORLDWIDE, NIU HAS A PROUD AND DEDICATED ALUMNI NETWORK THAT CONTRIBUTES TO THE VITALITY OF THE UNIVERSITY AND REGION. IN FY25, THE FOUNDATION HOSTED 111 ENGAGEMENT EVENTS, DRAWING 3,450 ATTENDEES, INCLUDING 605 FIRST-TIME PARTICIPANTS. THESE EVENTS STRENGTHEN CONNECTIONS WITH NIU, CREATE OPPORTUNITIES FOR PROFESSIONAL NETWORKING, AND ENCOURAGE A CULTURE OF GIVING BACK. LOOKING AHEAD: A BRIGHT FUTURE THE NIU FOUNDATION ENTERS THE NEXT PHASE OF FORWARD WITH GRATITUDE AND DETERMINATION. DONOR GENEROSITY HAS ALREADY BEGUN TO TRANSFORM THE STUDENT EXPERIENCE, EMPOWER FACULTY DISCOVERY, AND FUEL COMMUNITY IMPACT. AS WE LOOK AHEAD, WE KNOW THIS IS JUST THE BEGINNING. TOGETHER WITH ALUMNI AND DONORS, NIU IS MOVING FORWARD WITH PRIDE, PURPOSE, AND THE UNWAVERING BELIEF IN THE POWER OF HIGHER EDUCATION TO TRANSFORM THE WORLD WE SHARE. FORM 990, PART V, LINE 2A THE FOUNDATION DID NOT COMPENSATE THE INDIVIDUALS LISTED IN PART VII. NIU, AN ORGANIZATION THAT DOES NOT MEET THE RELATED ORGANIZATION REQUIREMENTS OF THE FORM 990 INSTRUCTIONS, PAYS THE INDIVIDUALS AND ISSUES THEIR W-2S. FORM 990, PART VI, SECTION A, LINE 2 CYNTHIA CROCKER AND JEFFREY LIESENDAHL PERSONALLY USE THE SERVICES OF SAVANT CAPITAL, FOR WHICH BOARD MEMBER BRENT BRODESKI SERVES AS THE CEO. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS ADOPTED THE PRACTICE THAT THE AUDIT COMMITTEE, THE PRESIDENT/CEO, DIRECTOR OF FINANCE AND STRATEGIC PRIORITIES AND CONTROLLER REVIEW THE FORM 990. THE BOARD MEMBERS ARE THEN PROVIDED A COPY OF THE FORM 990 BEFORE IT IS FILED. IT IS REVIEWED AT THE BOARD MEETING PRIOR TO FILING. IN ADDITION, THE AUDIT COMMITTEE OFFERS AN AUDIT AND 990 WORKSHOP TO ALL BOARD MEMBERS TO GET A DEEPER UNDERSTANDING OF THE AUDIT AND TAX FILINGS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, BOARD MEMBERS AND KEY EMPLOYEES ARE GIVEN A COPY THE CONFLICT OF INTEREST POLICY. THEY ARE ALSO REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE REPORT. THE AUDIT COMMITTEE REVIEWS THE CONFLICT OF INTEREST REPORTS ANNUALLY. AT THE BEGINNING OF EACH BOARD MEETING, THE BOARD CHAIR CALLS FOR ANY CONFLICT OF INTEREST ON AGENDA ITEMS TO BE DISCLOSED BY THE BOARD MEMBER. POTENTIAL CONFLICTS ARE DISCLOSED AND BOARD MEMBER RECUSES THEMSELVES FROM DISCUSSIONS AND VOTES ON RELATED MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY THE UNIVERSITY AND THE NIU FOUNDATION REIMBURSES THE UNIVERSITY. NIU MAINTAINS A REGULAR COMPENSATION PROCESS FOR THE FOUNDATION PRESIDENT, WHICH INCLUDES THE USE OF COMPARABLE DATA. IN CONSULTATION WITH THE UNIVERSITY PRESIDENT AND IN ACCORDANCE WITH UNIVERSITY POLICIES AND PRACTICE, THE COMPENSATION COMMITTEE RECOMMENDS APPROPRIATE COMPENSATION LEVELS FOR THE NIU FOUNDATION PRESIDENT AND CEO TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, LINE 1A THE FOUNDATION AND UNIVERSITY DO NOT MEET THE DEFINITION OF RELATED ORGANIZATIONS AS DEFINED IN THE INSTRUCTIONS TO THE FORM 990. THE UNIVERSITY PAYS THE INDIVIDUALS LISTED IN PART VII. DUE TO THE SIGNIFICANCE OF THE RELATIONSHIP, THE FOUNDATION CHOOSES TO REPORT THE RELATIONSHIP. FORM 990, PART IX, LINES 5 AND 7 THE FOUNDATION DID NOT COMPENSATE INDIVIDUALS. NIU, AN ORGANIZATION THAT DOES NOT MEET THE RELATED ORGANIZATION REQUIREMENTS OF THE FORM 990 INSTRUCTIONS, PAYS THE INDIVIDUALS. BECAUSE OF THIS, THE SALARIES OF THE INDIVIDUALS ARE SHOWN AS OTHER FEES FOR SERVICES. PART IX; STATEMENT OF FUNCTIONAL EXPENSE NORTHERN ILLINOIS UNIVERSITY PROVIDES IN-KIND SERVICE CONTRIBUTIONS WHICH ARE REFLECTED IN THE AUDITED FINANCIAL STATEMENTS BUT ARE NOT RECOGNIZED FOR TAX REPORTING PURPOSES. THE AMOUNT OF IN-KIND SERVICE CONTRIBUTIONS FOR FISCAL YEAR 2025 IS $5,130,142. THIS IS INCLUDED AS A RECONCILING ITEM ON SCHEDULE D. FORM 990, PART XI, LINE 9: CHANGE IN NIU REAL ESTATE FOUNDATION EQUITY -223,500. ALUMNI ASSOCIATION TRAVEL PROGRAM LLC 595 COLLEGE AVENUE ALTGELD HALL 135 DEKALB IL 60115 853230744 ALUMNI TRAVEL PROGRAM IL 280722 152571 NORTHERN ILLINOIS UNIVERSITY FOUNDATION NORTHERN ILLINOIS UNIVERSITY 1515 W LINCOLN HIGHWAY DEKALB IL 60115 366008480 PUBLIC UNI. IL GOVT 0 NIU REAL ESTATE FOUNDATION 595 COLLEGE AVENUE ALTGELD HALL 135 DEKALB IL 60115 842917334 REAL ESTATE HOLDING IL 501(C)(3) LINE 12A, I NORTHERN ILLINOIS UNIVERSITY FOUNDATION 1 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 0 SCHEDULE R, PART II THE UNIVERSITY DOES NOT MEET THE DEFINITION OF RELATED ORGANIZATION AS DEFINED IN THE INSTRUCTIONS TO THE FORM 990. THE UNIVERSITY PAYS THE INDIVIDUALS LISTED IN FORM 990 PART VII AND THEREFORE THE FOUNDATION HAS LISTED THE UNIVERSITY AS A RELATED ORGANIZATION FOR PURPOSES OF REPORTING THIS COMPENSATION. SCHEDULE R, PART II, COLUMN B EDUCATIONAL, RELATIONSHIP BUILDING, AND CHARITABLE ASSOCIATION