2018-05-15T10:11:17-05:00 2017-06-30 381357951 PLANTE & MORAN PLLC 750 Trade Centre Way Ste 300 Portage MI 49002 990 2016-07-01 382376475 NORTHWESTERN MICHIGAN COLLEGE FOUNDATION NORT 2319951144 1701 E FRONT ST TRAVERSE CITY MI 49686 REBECCA TEAHEN EXECUTIVE DIRECTOR 2319951144 2018-05-11 1 Carol LaLonde CPA P00181637 2695674500 2018-05-11 2016 2022-09-23 18:48:47Z REBECCA TEAHEN 1701 E FRONT ST TRAVERSE CITY MI 49686 8118587 0 X WWW.NMC.EDU/FOUNDATION X 1981 MI TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE. 36 32 0 575 0 0 4438140 2787970 0 0 993073 1757943 62941 -34206 5494154 4511707 1879545 2032832 0 0 0 0 0 0 486143 708401 708813 2587946 2741645 2906208 1770062 38316847 41787289 922626 1012865 37394221 40774424 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 2032832 2032832 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. 2032832 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 2 0 1 0 0 0 0 0 0 1 1 1 2 0 0 1 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 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 4.00 36.00 X X 0 252903 39028 REBECCA TEAHEN EXECUTIVE DIRECTOR 36.00 4.00 X X 0 103566 40465 STEPHEN M FISHER TREASURER 3.00 0.00 X X 0 0 0 WENDY H STEELE SECRETARY 3.00 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 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 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 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 BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN S SCHLUETER BOARD MEMBER 1.00 0.00 X 0 0 0 JULIETTE A SCHULTZ BOARD MEMBER 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 61097 21896 CHERYL M BLOOMQUIST NMC FACULTY REPRESENTATIVE 1.00 39.00 X 0 76183 31512 CJ SCHNEIDER NMC STUDENT REPRESENTATIVE 1.00 0.00 X 0 0 0 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 SONJA K OLSHOVE NMC FACULTY REPRESENTATIVE - PARTIAL YEAR 1.00 39.00 X 0 66143 18778 CALEB KASE NMC STUDENT REPRESENTATIVE - PARTIAL YEAR 1.00 0.00 X 0 0 0 VICKI COOK VICE PRESIDENT OF FINANCE AND ADMINISTRATION 4.00 36.00 X 0 134791 45979 0 694683 197658 0 0 1 0 0 277108 2510862 435868 2787970 778112 778112 4437323 3457492 979831 979831 979831 103962 277108 149162 -45200 -45200 11220 226 10994 10994 4511707 0 0 1723737 2032832 2032832 130826 130826 63889 63889 102 102 2922 2922 18567 18567 FUNDRAISING 486143 486143 BAD DEBT EXPENSE 5430 5430 SALES TAX EXPENSE 934 934 2741645 2032832 222670 486143 1146628 1837781 2761024 3075375 8833 16487 34047791 36470717 0 10124 352571 376805 38316847 41787289 30743 32041 47319 50562 844564 930262 922626 1012865 X 3591694 4143281 22014630 24491986 11787897 12139157 37394221 40774424 38316847 41787289 X 1770062 1619624 -9483 X X 0 1 X 1 0 X 1839602 2461659 1564225 4438140 2787970 13091596 158042 260865 403855 822762 1839602 2461659 1722267 4699005 3191825 13914358 699267 13215091 717899 911094 948586 757953 778112 4113644 228064 239951 263641 212790 115182 1059628 19087630 0.69230 0.70140 X Schedule A, Part II, Line 10, Explanation of Other Income: FUNDRAISING - 2012 Amount: $ 216,668. 2013 Amount: $ 226,128. 2014 Amount: $ 245,317. 2015 Amount: $ 189,979. 2016 Amount: $ 103,962. GAMING - 2012 Amount: $ 11,396. 2013 Amount: $ 13,735. 2014 Amount: $ 18,165. 2015 Amount: $ 22,793. 2016 Amount: $ 11,220. MISCELLANOUS - 2013 Amount: $ 88. 2014 Amount: $ 159. 2015 Amount: $ 18. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17652407 328548 1624433 511892 -22147 19115643 17863277 432585 -66409 484114 92932 17652407 17664456 431196 179535 488130 -76220 17863277 14595975 1114638 2286412 413724 -81155 17664456 13310365 360656 1397724 438305 34465 14595975 0.05730 0.63500 0.30770 0 0 0 SPLIT INTEREST AGREEMENTS PAYABLE 55049 PAYABLE TO NORTHWESTERN MICHIGAN COLLEGE 875213 930262 6525703 1619624 403855 -9483 2013996 4511707 0 4511707 3145500 403855 403855 2741645 0 2741645 Part XI, Line 2d - Other Adjustments: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -9,483. GOLF OUTING 175121 137046 38075 21056 17669 13623 16177 TASTE OF SUCCESS 114824 99299 15525 10814 1795 9052 1601 2 91125 40763 50362 31875 25500 381070 277108 103962 31870 19464 54550 43278 149162 -45200 1 NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 GOVERNMENTAL 1945422 87410 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 252903 0 0 0 0 0 26468 0 12560 0 291931 0 0 VICKI COOK VICE PRESIDENT OF FINANCE AND ADMINI 0 134791 0 0 0 0 0 33567 0 12412 0 180770 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 1200 FMV X 7 22600 FMV X 1 5500 FMV X 9 316588 FMV X 7 2767 FMV X 6 6527 FMV X WELDING SUPPLIES 12 36362 FMV X AUCTION ITEMS 79 30449 FMV X MISCELLANEOUS 3 10799 FMV X AVIATION SUPPLIES 3 3076 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 -9,483. 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