2017-12-07T17:51:58-05:00 2017-06-30 814233921 Haukebo Van Batavia Holte LLC PO Box 348 Park Rapids MN 56470 990 2016-07-01 411556013 NORTHWEST MINNESOTA FOUNDATION NORT 201 3RD ST NW BEMIDJI MN 56601 NANCY VYSKOCIL PRESIDENT 2187592057 2017-12-15 true Seth Holte P01693743 2187325769 2017-12-07 206.188.254.226 2017-12-26 09:29:25 4183402017360bsttkow 2017-12-26 P 48506B69E4AF452B48E21279D5CED09537A5C61F 48506B69E4AF452B48E21279D5CED09537A5C61F 2016 2018-03-14 21:41:22Z NANCY VYSKOCIL 27075062 false X NWMF.ORG X 1986 MN THE NORTHWEST MINNESOTA FOUNDATION INVESTS RESOURCES, CREATES OPPORTUNITIES, AND PROMOTES PHILANTHROPY TO MAKE THE REGION A BETTER PLACE TO LIVE AND WORK. 12 12 23 0 0 3943622 4975762 342068 375103 2661578 4441215 0 6947268 9792080 2431202 2572596 0 1458147 1390317 0 168907 1277333 1196378 5166682 5159291 1780586 4632789 64325121 70311259 4355268 4436023 59969853 65875236 THE NORTHWEST MINNESOTA FOUNDATION INVESTS RESOURCES, CREATES OPPORTUNITIES, AND PROMOTES PHILANTHROPY TO MAKE THE REGION A BETTER PLACE TO LIVE AND WORK. false false 4081223 2572596 375103 (A)TRAINING AND EDUCATION: THE FOUNDATION IS COMMITTED TO STRENGTHENING THE ABILITY OF THE REGIONS COMMUNITIES AND ORGANIZATIONS TO CONFRONT PROBLEMS AND ISSUES WITH GOOD DECISION MAKING SKILLS. THE FOUNDATION BELIEVES THAT SKILLED LEADERSHIP IS ESSENTIAL TO ENSURE THAT PEOPLE RETAIN THE ABILITY TO CREATE A BRIGHT FUTURE FOR THE AREA, AS LEADERSHIP IS A KEY INGREDIENT IN IMPLEMENTING CONSTRUCTIVE CHANGE. A TOTAL OF $582,710 WAS SPENT FOR TRAINING AND EDUCATION IN FY 2017 AND INCLUDED THE FOLLOWING ACTIVITIES:* TWO TWO DAY, ONE-NIGHT AND TWO ONE-DAY ELEMENTARY AND MIDDLE SCHOOL YOUTH LEADERSHIP SESSIONS WERE HELD IN THE FALL OF 2016 WITH 131 PARTICIPANTS. THE RETREAT PARTICIPANTS ALSO RECEIVED SCHOOL SITE SEL(SOCIAL, EMOTIONAL, LEARNING) TRAINING DURING THE WINTER OF 2016.* THE VITAL NONPROFITS PROGRAM IS A TWO-YEAR TRAINING PROGRAM FOR NONPROFITS. FIVE NONPROFIT ORGANIZATIONS FROM THE SERVICE AREA WERE SELECTED THROUGH A COMPETITIVE APPLICATION PROCESS. EACH ORGANIZATION IS PAIRED WITH A CONSULTANT GUIDE TO HELP THEM THROUGH EACH OF EIGHT MODULES BY PROVIDING ASSESSMENTS AND TECHNICAL ASSISTANCE. TRAINERS WERE HIRED TO LEAD ON TOPICS OF STRENGTHS-BASED COACHING, MISSION AND VISION, PLANNING AND EVALUATION, GOVERNANCE, FINANCIAL MANAGEMENT, FUNDRAISING, HUMAN RESOURCES, AND COMMUNICATIONS. IN FY 2017, THE PROGRAM REACHED APPROXIMATELY 35 PARTICIPANTS FROM THESE ORGANIZATIONS (EXECUTIVE DIRECTORS, BOARD AND STAFF) AND 5 PUBLIC PARTICIPANTS. THE PEER LEARNING COHORT MODEL ALLOWS FOR THE ORGANIZATIONS TO SHARE COMMON ISSUES AND LEARN FROM EACH OTHER THROUGHOUT THE TWO-YEAR PROGRAM. CONSULTANTS WERE ALSO HIRED TO COMPLETE EVALUATION WORK OF THE PROGRAM.* TECHNICAL ASSISTANCE IS AVAILABLE TO HELP ENTREPRENEURS UNDERSTAND THEIR STRENGTHS AND NEEDS IN ESTABLISHING OR EXPANDING SELF-EMPLOYMENT OPPORTUNITY. INDIVIDUAL TRAINING WAS PROVIDED THROUGHOUT THE REGION. B) GRANTS:GRANT PROGRAMS HAVE BEEN ESTABLISHED PROVIDING FLEXIBILITY TO NONPROFIT ORGANIZATIONS AND PUBLIC AGENCIES AS THEY ADDRESS ORGANIZATIONAL, COMMUNITY AND REGIONAL ISSUES. EACH PROGRAM HAS ITS OWN SET OF PRIORITIES, ELIGIBILITY AND REVIEW PROCESS. A TOTAL OF $1,988,384 WAS AWARDED FOR GRANT PROGRAMS IN FY 2017 AND INCLUDED THE FOLLOWING:* FOURTEEN GRANTS TOTALING $6,816 WERE AWARDED FOR CONTINUING SUPPORT OF SMALL BUSINESSES TO RECEIVE ASSISTANCE WITH BUSINESS MANAGEMENT TECHNIQUES.* GRANTS ARE MADE TO PROMOTE, PRESERVE OR ADD VAULE TO THE REGIONS NATURAL RESOURCE BASE. THREE GRANTS TOTALING $62,000 WERE AWARDED UNDER THIS PROGRAM. * SIX GRANTS TOTALING $122,497 WERE AWARDED FOR JOINT VENTURES THAT SPECIFICALLY ADDRESS THE NEEDS OF CHILDREN, FAMILIES, AND THE ELDERLY.* AS PART OF THE FOUNDATIONS COMMITMENT TO STRENGTHEN THE CAPACITY OF INDIVIDUALS, ORGANIZATIONS AND COMMUNITIES TO SHAPE THEIR FUTURE, WE ADMINISTER COMPONENT FUNDS TO ASSIST COMMUNITIES AND NON-PROFIT AGENCIES IN BUILDING THEIR RESOURCES. THERE WERE 367 COMPONENT FUNDS UNDER THIS PROGRAM. A TOTAL OF 491 GRANTS AND SCHOLARSHIPS TOTALING $1,548,821 WERE AWARDED IN FY 2017.* THIRTEEN GRANTS TOTALING $137,450 WERE AWARDED TO LOCAL GOVERNMENTS FOR COMMUNITY AND ECONOMIC DEVELOPMENT. * FOUR GRANTS TOTALING $78,000 WERE AWARDED UNDER A PROGRAM TO HELP ORGANIZATIONS DEVELOP NEW NETWORKS, FOSTER COALITION BUILDING, AND PROMOTE COLLABORATIONS BETWEEN HUMAN SERVICE PROVIDERS, OTHER ORGANIZATIONS, AND/OR PUBLIC AGENCIES. * SIX GRANTS TOTALING $33,000 WERE AWARDED UNDER IDEA (INGENUITY DRIVES ENTREPRENEUR ACCELERATION) PROGRAM, WHICH ASSISTS PROMISING LOCAL ENTREPRENEURS IN THE COMMERCIALIZATION OF INNOVATIVE PRODUCTS, PROCESSES AND DELIVERIES BY CONNECTING THEM TO THE BEST RESOURCES AVAILABLE. SIX GRANTS TOTALING $14,800 WERE AWARDED UNDER A MINNESOTA DEPARTMENT OF EDUCATION GRANT TO SUPPORT SCHOOL DISTRICTS IN BUILDING THEIR CAPACITY TO IMPLEMENT AN ALIGNED AND COHERENT PRE-K-THIRD GRADE EDUCATIONAL SYSTEM.* $15,000 IN PREVIOUSLY AWARDED GRANTS WERE RESCINDED.C) BUSINESS DEVELOPMENT: THE FOUNDATION IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN THE NORTHWEST REGION OF MINNESOTA. AS PART OF THAT MISSION, SEVERAL BUSINESS DEVELOPMENT PROGRAMS ARE AVAILABLE TO PROMOTE A HIGH LEVEL OF ECONOMIC OPPORTUNITY IN THE REGION. SEVENTEEN LOANS WERE FUNDED UNDER THE BUSINESS DEVELOPMENT PROGRAMS IN FY 2017 AND INCLUDED THE FOLLOWING: * THE ENTREPRENEUR DEVELOPMENT LOAN PROGRAM PROVIDES SMALL BUSINESS LOANS TO ENTREPRENEURS WHO HAVE EXPERIENCE, EXPERTISE AND A WELL-DEVELOPED BUSINESS PLAN. ELEVEN LOANS TOTALING $250,650 WERE FUNDED UNDER THIS PROGRAM. * THE BUSINESS FINANCE LOAN PROGRAM PROVIDES GAP FINANCING FOR BUSINESS START-UPS AND EXPANSIONS WHICH CREATE NEW JOBS AND LEVERAGE ADDITIONAL MONIES. NINE LOANS TOTALING $910,339 WERE FUNDED UNDER THIS PROGRAM.D) ADMINISTRATIVE EXPENSES: THE FOUNDATION INCURRED $1,510,129 IN ADMINISTRATIVE COSTS FOR DELIVERY OF PROGRAM SERVICES. THESE COSTS INLUDED SALARIES, FRINGE BENEFITS, PURCHASED SERVICES, OFFICE SUPPLIES, TELEPHONE, SUBSCRIPTIONS, POSTAGE, PRINTING, EDUCATION, TRAVEL, LOAN LOSSES, LOAN INTEREST, PROMOTION AND OVERHEAD. 4081223 true true false false false true false false false true true false false false true false true false false false false false false false false false false true true false false false false false false false false false true false false false false false false false false true 42 0 23 true false false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false MN X X TIMOTHY WANG 2187592057 201 3RD ST NW BEMIDJI MN 56601 PETE HAADELAND CHAIR 4.00 0.00 X X 0 0 0 TOM ANDERSON VICE CHAIR 4.00 0.00 X X 0 0 0 FAYE AUCHENPAUGH SECRETARY 4.00 0.00 X X 0 0 0 LEAH PIGATTI TREASURER 4.00 0.00 X X 0 0 0 JON LINNELL DIRECTOR 4.00 0.00 X 0 0 0 CATHY FORGIT DIRECTOR 4.00 0.00 X 0 0 0 KRISTIN EGGERLING DIRECTOR 4.00 0.00 X 0 0 0 EDIE RAMSTAD DIRECTOR 4.00 0.00 X 0 0 0 STEVEN ANDERSON DIRECTOR 4.00 0.00 X 0 0 0 MICHELLE PAQUIN DIRECTOR 4.00 0.00 X 0 0 0 TODD BECKEL DIRECTOR 4.00 0.00 X 0 0 0 JASON BRUMWELL DIRECTOR 4.00 0.00 X 0 0 0 NANCY VYSKOCIL PRESIDENT 40.00 0.00 X X 130112 0 16710 130112 0 16710 1 false false false COMPASS CAPITAL MANAGEMENT INC SUITE 400 BAKER BLDG 706 2ND AVE MINNEAPOLIS MN 55402 INVESTMENT MGMT 140430 1 105062 4870700 228342 4975762 PARTICIPATION FEES 900099 207104 207104 INTEREST REVENUE - LOAN 900099 153234 153234 LOAN APPLICATION FEES 900099 14765 14765 375103 1413630 1413630 20310567 17282982 3027585 3027585 3027585 9792080 375103 0 4441215 2286560 2286560 286036 286036 1138826 580608 462299 95919 251491 101812 119292 30387 7604 5604 2000 13150 13150 243877 239776 4101 405846 378293 19277 8276 10627 10627 83504 27016 43968 12520 26956 13698 13258 80385 35601 31003 13781 45518 27356 18162 118695 48725 69970 9650 2383 7267 MAINTENANCE & REPAIR 86818 46213 40605 MISCELLANEOUS 61411 19742 47105 -5436 EDUCATION 36341 17595 6204 12542 LOAN LOSS PROVISION -7247 -7247 -26757 -28548 873 918 5159291 4081223 909161 168907 150 150 878669 1072359 405130 391753 5008 19471 3480526 3518521 11711 9824 3873364 544319 3419309 3329045 54296371 59952766 1662125 1841975 166122 175395 64325121 70311259 156473 151299 199313 102950 5747 1747 1845784 2017611 2147951 2162416 4355268 4436023 X 180925 348569 22181041 26120073 37607887 39406594 59969853 65875236 64325121 70311259 4632789 1272594 0 X false true X true false X 4303938 4158735 6302379 3943622 4975762 23684436 4303938 4158735 6302379 3943622 4975762 23684436 5783367 17901069 1991869 4239304 3423683 2121991 5713808 17490655 41175091 0.43480 0.52230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21 72038 107995 4471045 true true 50553751 1932869 5582909 1455000 -1475950 58090479 49566521 1492415 1805515 1258000 -1052700 52659151 46143331 3299905 2465246 1157000 -1184961 51936443 38746587 2345619 6299906 1057000 -191781 46526893 34062686 2223180 4057003 1629303 -33021 38746587 0.71470 0.28530 false false 850700 850700 2658359 285031 2373328 364305 259288 105017 3329045 OTHER EQUITY INVESTMENTS 1841975 F 1841975 ANNUITY PAYABLE 237462 AGENCY ENDOWMENT LIABILITY 1924954 2162416 11064674 1272594 1272594 9792080 9792080 5159291 5159291 5159291 Endowment funds intended uses (Part V, line 4) ENDOWMENT FUNDS ARE HELD AND ADMINISTERED FOR THE PURPOSE OF CONTINUING THE ADMINISTRATION AND PROGRAM ACTIVITIES OF THE NORTHWEST MINNESOTA FOUNDATION. true CITY OF BADGER PO BOX 193 BADGER MN 56714 416008668 6500 BADGER VETERANS MEM PARK ART SKETCH BELTRAMI AREA SERVICE COLLABORATIVE 616 AMERICA AVE BEMIDJI MN 56601 411941453 6250 STUDENTS FIRST BELTRAMI COUNTY 701 MINNESOTA AVE BEMIDJI MN 56601 416005757 130000 NORTHLAND REGIONAL SHOOTING SPORTS PARK BELTRAMI CTY NATURAL RESOURCES DEPT 701 MINNESOTA AVE BEMIDJI MN 56601 416005757 8514 MOVIL MAZE REC AREA MOUNTAIN BIKE TRAILS BEMIDJI AREA INDIAN CENTER PO BOX 1123 BEMIDJI MN 56601 320180635 12130 RESTORING TRADITIONAL OJIBWE FOOD SYSTEM BEMIDJI AREA SCHOOLS 502 MINNESOTA AVE BEMIDJI MN 56601 416000181 16666 BEMIDJI LUMBERJACK CAREER ACTIVITES BEMIDJI COMMUNITY FOOD SHELF PO BOX 3118 BEMIDJI MN 56619 411494430 6250 FOR FARM MANAGER CITY OF BEMIDJI 317 4TH ST NW BEMIDJI MN 56601 416004972 48135 DOWNTOWN GATEWAY ARCH PROJECT BIG SAND LAKE ASSOCIATION PO BOX 181 PARK RAPIDS MN 56470 411618390 13024 HUBBARD CTY AIS WATERCRAFT INSPECTIONS BOLTON BEES 1130N CHARLES AVE SAINT PAUL MN 55104 475605641 10000 IDEA COMPETITION FINALIST BOYS & GIRLS CLUB WHITE EARTH RESER PO BOX 418 WHITE EARTH MN 56591 412050817 52480 SITE IMPROVEMENTS CITY OF BEMIDJI PARKSREC DEPT 1351 5TH ST NW BEMIDJI MN 56601 416004972 45000 INCLUSIVE PLAYGROUND CLEARWATER HOSPICE 212 MAIN AVE N BAGLEY MN 56621 416005779 18085 HOSPICE EXPENSES CROOKSTON ISD 593 402 FISHER AVE CROOKSTON MN 56716 416003279 7500 VOCATIONAL TRAINING FACE IT TOGETHER BEMIDJI 408 BELTRAMI AVE BEMIDJI MN 56601 474172828 12500 FACE IT TOGETHER BEMIDJI FAMILY ADVOCACY CENTER NORTH MN 800 BEMIDJI AVE N BEMIDJI MN 56601 202102362 5310 COLLEGE PREP SKILLS - RED ZONE FERTILE BELTRAMI PUBLIC SCHOOL 210 S MILL ST FERTILE MN 56540 416008457 5582 FERTILE SPLASH PAD DESIGN SERVICES GARY CARES 301 STRAND ST GARY MN 56545 800678108 12000 GARY PINES TRAIL PROJECT GREATER BEMIDJI INC 102 1ST ST W STE 1 BEMIDJI MN 56601 363367707 12500 N CENT MN MAKERSPACEHACKER SPACE STUDY HEADWATERS ANIMAL SHELTER PO BOX 573 PARK RAPIDS MN 56470 311610621 12000 REPLENISH PROGRAM FUNDS HUBBARD COUNTY 301 COURT AVE PARK RAPIDS MN 56470 416005805 10000 HUBBARD COUNTY WORKFORCE ACTION PLAN IMMIGRANT LAW CENTER OF MN ILCM 450 N SYNDICATE ST SAINT PAUL MN 55104 410909036 25000 RURAL IMMIGRATION PROJECT NW MN INTER COUNTY COMMUNITY COUNCIL INC PO BOX 189 OKLEE MN 56742 410888083 15400 THIEF RIVER FALLS NONPROFIT HUB STUDY LAO ASSISTANCE CENTER OF MN 503 IRVING AVE MINNEAPOLIS MN 55405 363255880 12500 WARROAD LAO ENGAGEMENT PROJECT LEGAL SERVICES OF NW MINNESOTA PO BOX 838 MOORHEAD MN 56561 411291705 7000 PATHWAYS TO PROGRESS LIFECARE HOSPICE 715 DELMORE DRIVE ROSEAU MN 56751 411804205 9273 PATIENT CARE SUPPLIES AND EQUIPMENT LIFECARE MEDICAL CENTER 715 DELMORE DRIVE ROSEAU MN 56751 411804205 7700 PLATELET FUNCTION TEST ANALYZER MD STITTSWORTH COMPANY 722 PAUL BUNYAN DRIVE BEMIDJI MN 56601 273449007 10000 IDEA COMPETITION FINALIST MAHNOMEN COUNTY PO BOX 379 MAHNOMEN MN 56557 416005834 15000 JOINT COUNTYTRIBALCITY PLANNING PROJ MN ASSET BUILDING COALITION 2324 UNIVERSITY AVE SAINT PAUL MN 55114 411412710 8650 MABC 2015 COMMUNITY WEALTH WORKSHOPS MINNESOTA COUNCIL OF NONPROFITS 2314 UNIVERSITY AVE SAINT PAUL MN 55114 363501477 12500 MCN NW REGIONAL OFFICENONPROFIT SUPPORT MN SUPERBOWL HOST COMM LEGACY FUND 101 FIFTH ST E SAINT PAUL MN 55101 410832480 25000 52 WEEKS OF GIVING-NW MN COMMUNITIES MT ZION LUTHERAN CHURCH 414 LINCOLN AVE S BEMIDJI MN 56601 411552382 18555 BOILER REPLACEMENT THE NATURE CONSERVANCY 1101 WEST RIVER P MINNEAPOLIS MN 55415 530242652 12500 GRASSLAND CONSERVATION FELLOWSHIP PROG CITY OF NEWFOLDEN PO BOX 188 NEWFOLDEN MN 56738 410984298 25000 NEWFOLDEN FLOOD MITIGATION PROJECT N CENTRAL MINORITY SUPPLIER DEV CO 111 THIRD AVE S MINNEAPOLIS MN 55401 363550790 15000 NW MINNESOTA INITIATIVE PROJECT NORTHLAND CTC FOUNDATION 1101 HWY 1 E THIEF RIVER FALLS MN 56701 411287038 19837 STRONG YOUTH PROGRAM NORTHWEST COMMUNITY ACTION INC PO BOX 67 BADGER MN 56714 410888567 7500 BORADBAND STUDY-ROSEAU ELEC COOP AREA NORTHWOODS INTERFAITH VOL CAREGIVE 616 AMERICA AVE S BEMIDJI MN 56601 411993133 12500 OPTIONS TO STAY AT HOME PARK RAPIDS LAKES AREA ART COUNCIL 212 WEST 2ND STREET BEMIDJI MN 56601 416005449 9000 PAR RAPIDS ARTS AND CULTURAL ROADMAP PARF RAPIDS COMM DEV CORPORATION PO BOX 451 PARK RAPIDS MN 56470 452181580 25000 ARMORY SQUARE STARTUP GRANT PARK RAPIDS ISD 309 301 HUNTSINGER AVE PARK RAPIDS MN 56470 416001518 8000 LATE ACTIVITY BUS FUNDING 2015-2016 PEACEMAKER RESOURCES 3124 HANNAH AVE BEMIDJI MN 56601 450507287 11500 RESPECTFUL COMMUNITIES RED LAKE BAND OF CHIPPEWA INDIANS 15484 MIGIZI DR REDLAKE MN 56671 410692381 6750 RED LAKE LAND USE PLANNING RED LAKE COUNTY SWCD 2602 WHEAT DRIVE RED LAKE FALLS MN 56750 410859809 12500 BWSR CLEAN WATER FUND PROJECTS CITY OF RED LAKE FALLS PO BOX 37 RED LAKE FALLS MN 567500037 416005480 20000 POOL REPAIRS ROSEAU COUNTY HISTORICAL SOCIETY 121 CENTER ST E ROSEAU MN 567511127 237120887 9900 GENERAL OPERATING SANDWICKS ORTHODONTICS INC 418 1SR ST W FOSSTON MN 56542 205308870 10000 IDEA COMPETITION FINALIST SANFORD HEALTH FOUNDATION OF N MN 1300 ANNE ST NW BEMIDJI MN 56601 411389317 8000 CARE WITHOUT LIMITS- CANCER CENTER THIEF RIVER FALLS ISD 564 230 LABREE AVE S THIEF RIVER FALLS MN 56701 416003126 6250 LITTLE BROTHERSISTERS PENNINGTON CTY CITY OF THIEF RIVER FALLS 405 3RD ST E THIEF RIVER FALLS MN 56701 416005572 9250 MULTI EVENT CENTER STRATEGIC PLAN TRI-VALLEY OPPORTUNITY COUNCIL PO BOX 607 CROOKSTON MN 567160607 410888488 7500 CROOKSTON FOOD HUB FEASIBILITY STUDY TRUE FRIENDS 10509 108TH STREET ANNANDALE MN 55302 411543013 8000 CAMP COURAGE NORTH SCHOLARSHIPS UNIVERSITY OF MN-CURA 330 HUBERT HUMPHREY MINNEAPOLIS MN 55455 416007513 19997 MN PRISON DOULA PROJ - NW EXPANSION VILLAGE OF HOPPE 525 MISSISSIPPI AVE BEMIDJI MN 56601 363418205 25000 TWO GENERATIONS TOGETHER WARREN SENIOR CENTER 120 E BRIDGE AVE WARREN MN 56762 410872993 6000 SENIOR CENTER WARROAD ISD 690 510 CEDAR AVE WARROAD MN 56763 416003720 10000 CHROMEBOOK CART FOR STEM ALLEN EDMOND WARROAD LOST RIVER SPORTSMEN COMPLE PO BOX 205 WARROAD MN 56763 342017604 6000 GENERAL EXPENSES WARROAD PUBLIC LIBRARY PO BOX H WARROAD MN 56763 416005618 5500 WARROAD AREA CULTURE & WILDLIFE CHILDREN WATERMARK ART CENTER 505 BEMIDJI AVE N BEMIDJI MN 566013009 411287739 133960 WATERMARK PROJECT FUND WHITE EARTH LAND RECOVERY PROJECT 607 MAIN AVE CALLAWAY MN 56521 411673625 12500 MENDING THE CIRCLE INDIG MINDFULNESS WIN-E-MAC ISD 2609 23130 345TH ST SW ERSKINE MN 565359468 411694266 40000 TOTAL OF 9 SCHOOL GRANTS AWARDED 59 3 BUSINESS TECHNICAL ASSISTANCE 15 8316 IDEA AWARD 6 33000 SCHOLARSHIP 207 244720 Monitoring procedures (Part I, line 2) AFTER A GENERAL GRANT IS AWARDED, AN AWARD LETTER IS SENT WHICH IS SIGNED BY THE GRANTEE. THIS LETTER IS SUBJECT TO THE GRANTEE ACCEPTING TERMS IN THE AWARD LETTER INCLUDING WHEN PAYMENTS WILL BE SENT AND WHEN REPORTS WILL BE DUE. NORMALLY, THE FIRST PAYMENT IS SENT AFTER THE GRANTEE SIGNS THIS AGREEMENT. SUBSEQUENT PAYMENTS ARE SENT AFTER SATISFACTORY REPORTS FROM THE GRANTEE ARE RECEIVED. WITH COMPONENT FUNDS, PAYMENT IS SENT AFTER REQUIRED MATERIALS ARE RECEIVED FROM THE ADVISORY COMMITTEE. SCHOLARSHIP PAYMENTS ARE SENT DIRECTLY TO THE POST-SECONDARY SCHOOLS AFTER REQUIRED INFORMATION IS RECEIVED FROM THE STUDENTS. X 7 228342 MARKET VALUE false true false Form 990 governing body review Part VI line 11 THE 990 WILL BE PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE IT IS FILED. Conflict of interest policy compliance Part VI line 12c THE BOARD OF DIRECTORS MUST YEARLY SIGN THE CONFLICT OF INTEREST POLICY, WHICH IS WRITTEN TO EMPHASIZE FAIRNESS, CONSISTENCY AND INTEGRITY IN ALL OF ITS DECISION MAKING. THE INTENT OF THE POLICY IS TO ENSURE THAT THERE WILL BE NO BASIS FOR LEGAL ACTION OR ACCUSATIONS OF SELF-DEALING. THE BOARD WILL EXCLUDE ANY MEMBER FROM ALL DELIBERATIONS AND DECISIONS CONCERNING ACTIONS ON ANY PROJECT, SERVICE, OR OTHER MATTER PROPOSED FOR FUNDING IN WHICH SUCH MEMBER MAY HAVE A DIRECT OR INDIRECT FIDUCIARY INTEREST. ANY MEMBER OF THE BOARD MAY QUESTION ANOTHER BOARD MEMBER AS TO CONFLICT OF INTEREST, AND THE BOARD OF DIRECTORS AS A WHOLE WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. CEO executive director top management comp Part VI line 15a THE PRESIDENT IS SUBJECT TO ANNUAL REVIEW BY THE BOARD, WHO THEN DETERMINES THE SALARY. Other officer or key employee compensation Part VI line 15b KEY EMPLOYEE COMPENSATION IS REVIEWED BY SUPERVISORS AND THE PRESIDENT. THE DETERMINATION IS ALSO BASED ON EXTERNAL COMPENSATION DATA. Governing documents etc available to public Part VI line 19 THE ORGANIZATIONS 990 AND ANNUAL REPORT (INCLUDING FINANCIAL STATEMENTS) ARE AVAILABLE UPON REQUEST. THE 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. THE ORGANIZATIONS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE PUBLIC.