2016-12-20T10:42:13-06:00 2016-06-30 411281737 MILLER MCDONALD INC PO BOX 486 BEMIDJI MN 566190486 990 2015-07-01 411556013 NORTHWEST MINNESOTA FOUNDATION NORT 2187592057 201 3RD ST NW BEMIDJI MN 56601 NANCY VYSKOCIL PRESIDENT 2187592057 2016-12-08 1 JEFF HAUKEBO P00055507 2187516300 2015 2017-02-10 21:41:12Z NANCY VYSKOCIL 201 3RD ST NW BEMIDJI MN 56601 15419827 0 X NWMF.ORG X 1986 MN THE NORTHWEST MN FOUNDATION INVESTS RESOURCES, CREATES OPPORTUNITIES, AND PROMOTES PHILANTHROPY TO MAKE THE REGION A BETTER PLACE TO LIVE AND WORK. 12 12 24 0 0 0 6302379 3943622 325957 342068 3423683 2661578 0 0 10052019 6947268 3016620 2431202 0 0 1455143 1458147 0 0 177517 1387422 1277333 5859185 5166682 4192834 1780586 63308373 64325121 4579519 4355268 58728854 59969853 X THE NORTHWEST MINNESOTA FOUNDATION INVESTS RESOURCES, CREATES OPPORTUNITIES, AND PROMOTES PHILANTHROPY TO MAKE THE REGION A BETTER PLACE TO LIVE AND WORK. 0 0 4102702 2431202 342068 STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTSA) TRAINING AND EDUCATIONTHE FOUNDATION IS COMMITTED TO STRENGTHENING THE ABILITY OF THE REGION'S 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 $794,491 WAS SPENT FOR TRAINING AND EDUCATION IN FY 2016 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 2015 WITH 139 PARTICIPANTS. THE RETREAT PARTICIPANTS ALSO RECEIVED SCHOOL-SITE SOCIAL, EMOTIONAL, LEARNING (SEL) TRAINING DURING THE WINTER OF 2015. A SERIES OF SEVENTEEN WORKSHOPS FOR NON-PROFIT MIDDLE-MANAGEMENT AND ABOVE WERE DELIVERED. OVERALL, THERE WERE 206 PARTICIPANTS. WE ARE TRANSITIONING TO NEW NON-PROFIT PROGRAMMING CALLED VITAL NONPROFITS.EIGHTEEN NON-PROFITS RECEIVED TECHNICAL ASSISTANCE AS THEY IMPROVED THEIR INDIVIDUAL NON-PROFIT ORGANIZATIONS.TECHNICAL ASSISTANCE IS AVAILABLE TO HELP ENTREPRENEURS UNDERSTAND THEIR STRENGTHS AND NEEDS IN ESTABLISHING OR EXPANDING A SELF-EMPLOYMENT OPPORTUNITY. INDIVIDUAL TRAINING WAS PROVIDED THROUGHOUT THE REGION.A LEADERSHIP COHORT WAS FORMED IN THE REGION THROUGH A PARTNERSHIP WITH THE BUSH FOUNDATION. TWELVE PARTICIPANTS ATTENDED QUARTERLY LEARNING/NETWORKING GATHERINGS. ADDITIONAL SUPPORT WAS PROVIDED TO ECONOMIC CONFERENCES AND TRAINING PROGRAMS IN THE REGION.B) GRANTSGRANT 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 $1,636,711 WAS AWARDED FOR GRANT PROGRAMS IN FY 2016 AND INCLUDED THE FOLLOWING:TWELVE GRANTS TOTALING $14,621 WERE AWARDED FOR CONTINUING SUPPORT OF SMALL BUSINESSES TO RECEIVE ASSISTANCE WITH BUSINESS MANAGEMENT TECHNIQUES. GRANTS ARE MADE TO PROMOTE, PRESERVE OR ADD VALUE TO THE REGION'S NATURAL RESOURCE BASE. SEVEN GRANTS TOTALING $118,417 WERE AWARDED UNDER THIS PROGRAM.SIX GRANTS TOTALING $105,293 WERE AWARDED FOR JOINT VENTURES THAT SPECIFICALLY ADDRESS THE NEEDS OF CHILDREN, FAMILIES AND THE ELDERLY. AS PART OF THE FOUNDATION'S COMMITMENT TO STRENGTHEN THE CAPACITY OF INDIVIDUALS, ORGANIZATIONS AND COMMUNITIES TO SHAPE THEIR FUTURE, WE ADMINISTER COMPONENT FUNDS TO ASSIST COMMUNITIES AND NONPROFIT AGENCIES IN BUILDING THEIR RESOURCES. THERE WERE 350 COMPONENT FUNDS UNDER THIS PROGRAM. A TOTAL OF 412 GRANTS AND SCHOLARSHIPS TOTALING $1,170,480 WERE AWARDED IN FY 2016.TWELVE GRANTS TOTALING $141,100 WERE AWARDED TO LOCAL GOVERNMENTS FOR COMMUNITY AND ECONOMIC DEVELOPMENT.FOUR GRANTS TOTALING $38,800 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. EIGHT GRANTS TOTALING $35,000 WERE AWARDED UNDER THE 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.FOUR GRANTS TOTALING $13,000 WERE AWARDED UNDER A MINNESOTA DEPARTMENT OF EDUCATION GRANT TO SUPPORT SCHOOL DISTRICTS IN BUILDING THEIR CAPACITY TO IMPLEMENT AN ALIGNED AND COHERENT PREK-THIRD GRADE EDUCATIONAL SYSTEM. NO PREVIOUSLY AWARDED GRANTS WERE RESCINDED. C) BUSINESS DEVELOPMENTTHE FOUNDATION IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN THE NORTHWEST REGION OF MINNESOTA. AS A 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 2016 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. TWELVE LOANS TOTALING $243,200 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. FIVE LOANS TOTALING $971,500 WERE FUNDED UNDER THIS PROGRAM.D) ADMINISTRATIVE EXPENSESTHE FOUNDATION INCURRED $1,671,500 IN ADMINISTRATIVE COSTS FOR DELIVERY OF PROGRAM SERVICES. THESE COSTS INCLUDED SALARIES, FRINGE BENEFITS, PURCHASED SERVICES, OFFICE SUPPLIES, TELEPHONE, SUBSCRIPTIONS, POSTAGE, PRINTING, EDUCATION, TRAVEL, LOAN LOSSES, LOAN INTEREST, PROMOTION, AND OVERHEAD. 4102702 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 53 0 24 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X TIMOTHY WANG 2187592057 201 3RD ST NW BEMIDJI MN 56601 X PETE HADDELAND CHAIR 4.00 X X 0 0 0 TOM ANDERSON VICE CHAIR 4.00 X X 0 0 0 FAYE AUCHENPAUGH SECRETARY 4.00 X X 0 0 0 LEAH PIGATTI TREASURER 4.00 X X 0 0 0 JON LINNELL DIRECTOR 4.00 X 0 0 0 JUDY ROY DIRECTOR 4.00 X 0 0 0 EDIE RAMSTAD DIRECTOR 4.00 X 0 0 0 JON QUISTGAARD DIRECTOR 4.00 X 0 0 0 JODY HORNTVEDT DIRECTOR 4.00 X 0 0 0 STEVEN ANDERSON DIRECTOR 4.00 X 0 0 0 CATHY FORGIT DIRECTOR 4.00 X 0 0 0 KRISTIN EGGERLING DIRECTOR 4.00 X 0 0 0 MARTY SIEVE VICE PRESIDENT PROGRAMS 40.00 X 101389 0 19900 NANCY VYSKOCIL PRESIDENT 40.00 X 133731 0 18745 235120 0 38645 2 0 0 0 COMPASS CAPITAL MANAGEMENT INC SUITE 400 BAKER BUILDING 706 SECO MINNEAPOLIS MN 55402 INVESTMENT MANAGEMENT 136551 1 82503 3861119 3943622 PARTICIPATION FEES 900099 171394 171394 INTEREST REVENUE-LOANS 900099 157443 157443 LOAN APPLICATION FEES 900099 13231 13231 342068 1288345 1288345 9845792 8472559 1373233 1373233 1373233 6947268 342068 0 2661578 2197781 2197781 233421 233421 1151334 616068 455396 79870 306813 153917 127307 25589 9689 9689 13988 2388 11600 243020 236957 6063 356057 325324 11450 19283 12858 12858 98324 27779 61620 8925 26794 14737 12057 80346 47750 19380 13216 44294 26516 17778 117967 64474 53493 9910 2797 7113 MAINTENANCE AND REPAIR 98343 54012 44331 MISCELLANEOUS 72256 13809 35470 22977 EDUCATION 40408 25746 8560 6102 LOAN LOSS PROVISION 37557 37557 15522 11980 1987 1555 5166682 4102702 886463 177517 150 150 814352 878669 470272 405130 13854 5008 3309134 3480526 10823 11711 3945155 525846 3313519 3419309 53672002 54296371 1512530 1662125 191737 166122 63308373 64325121 166960 156473 238981 199313 51747 5747 1824982 1845784 2296849 2147951 4579519 4355268 X 209458 180925 22470673 22181041 36048723 37607887 58728854 59969853 63308373 64325121 1780586 -539587 0 X 0 1 X 1 0 X 3239485 4303938 4158735 6302379 3943622 21948159 3239485 4303938 4158735 6302379 3943622 21948159 3202469 18745690 2164318 1991869 4239304 3423683 2121991 13941165 35889324 1822676 0.52230 0.52720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21 159691 76925 3924001 1 1 0 49566521 1492415 1805515 1258000 -1052700 50553751 46143331 3299905 2465246 1157000 -1184961 49566521 38746587 2345619 6299906 1057000 -191781 46143331 34062686 2223180 4057003 1629303 -33021 38746587 33218360 1104892 1383996 1544795 99767 34062686 0.74390 0.25610 0 0 850700 850700 2636983 212800 2424183 457472 313046 144426 3419309 ANNUITY PAYABLE 337825 AGENCY ENDOWMENT LIABILITY 1760126 GRANITE EQUITY PARTNERS SUBSCRIPTION PAYABLE 50000 2147951 6407681 -539587 -539587 6947268 0 6947268 5166682 0 5166682 0 5166682 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. 1 AGASSIZ AUDUBON SOCIETY PO BOX 152 WARREN MN 56762 411434405 12000 TREE REMOVAL POLLINATOR GARDEN AIRCORPS AVIATION LLC PO BOX 847 BEMIDJI MN 566190847 453306808 10000 IDEA COMPETITION WINNER CITY OF BADGER PO BOX 193 BADGER MN 56714 416008668 7500 CITY OF BADGER, MINNESOTA COMPREHENSIVE PLAN CITY OF BAUDETTE PO BOX 548 BAUDETTE MN 56623 411941453 7500 FOR BAUDETTE DOWNTOWN REALIZATION BELTRAMI AREA SERVICE COLLABORATIVE 616 AMERICA AVE BEMIDJI MN 56601 411941453 12500 STUDENTS FIRST BELTRAMI COUNTY 701 MINNESOTA AVE BEMIDJI MN 56601 416005757 6600 FOR MISSISSIPPI RIVER PEDESTRIAN BRIDGE PLANNING AND DESIGN BELTRAMI COUNTY NATURAL RESOURCES DEVELOPMENT 701 MINNESOTA AVE BEMIDJI MN 56601 416005757 8514 MOVIL MAZE RECREATION AREA MOUNTAIN BIKE TRAIL SYSTEM BEMIDJI AREA INDIAN CENTER PO BOX 1123 BEMIDJI MN 56601 320180635 12130 RESTORING TRADITIONAL OJIBWE FOOD SYSTEMS AND CULTURAL PRACTICES BEMIDJI AREA SCHOOLS DIST #31 502 MINNESOTA AVE BEMIDJI MN 56601 416000181 31496 SCHOOL ACTIVITIES EQUIPMENT AND SERVICES BEMIDJI COMMUNITY FOOD SHELF PO BOX 3118 BEMIDJI MN 566193118 411494430 12500 FOR FARM MANAGER BEMIDJI STATE UNIVERSITY 1500 BIRCHMONT DR BEMIDJI MN 56601 416001518 12000 NORTHWEST MINNESOTA CLEAN ENERGY FINANCING BLACKDUCK SCHOOL DISTRICT #32 PO BOX 550 BLACKDUCK MN 566300550 416008167 8500 FOOTBALL TOWER CLEARBROOK-GONVICK PUBLIC SCHOOL DIST #2311 16770 CLEARWATER CLEARBROOK MN 56634 411811820 15000 CLEARBROOK COMMUNITY PLAYGROUND CROOKSTON ISD #593 402 FISHER AVE CROOKSTON MN 56716 416003279 15000 VOCATIONAL/LIFE SKILLS FOR DEVELOPMENTALLY DISABLED FAR NORTH SPIRITS 2045 220TH AVE HALLOCK MN 56728 461139807 10000 IDEA COMPETITION WINNER CITY OF FISHER PO BOX 158 FISHER MN 56723 416005159 7500 CITY OF FISHER COMPREHENSIVE PLAN GIRL SCOUTS OF MINNESOTA AND WISCONSIN LAKES & PINES 400 2ND AVE S WAITE PARK MN 56303 410877820 10000 FOR GIRL SCOUTS IN ACTION AFTER-SCHOOL PROGRAMMING GREATER BEMIDJI AREA JOINT PLANNING BOARD 317 4TH ST NW BEMIDJI MN 56601 261140046 15000 GREATER BEMIDJI AREA COMPREHENSIVE PLAN-"TECHNICAL WRITING AND FINAL PROJECT PRODUCTION" GREATER BEMIDJI INC 201 1ST ST W STE BEMIDJI MN 56601 363367707 16667 FOR ENTREPRENEURIAL LAUNCHPAD PILOT PROJECT CITY OF GREENBUSH PO BOX 98 GREENBUSH MN 567260098 416005205 10000 FOR GREENBUSH AREA POOL CONSTRUCTION HEADWATERS ANIMAL SHELTER PO BOX 573 PARK RAPIDS MN 56470 311610621 11750 FOR REPLENISHING EXISTING FUNDS HUBBARD COUNTY 301 COURT AVE PARK RAPIDS MN 56470 416005805 10000 HUBBARD COUNTY WORKFORCE ACTION PLAN HUBBARD COUNTY REGIONAL ECONOMIC DEVELOPMENT COMMISSION 301 COURT AVE PARK RAPIDS MN 56470 204208381 10000 PROGRAM AND OPERATING EXPENSES INDEPENDENT LIFESTYLES 215 N BENTON DR SAUK RAPIDS MN 563791530 411871141 10000 CAMP BLISS RETREATS FOR VETERANS AND PEOPLE WITH DISABILITIES INTERNATIONAL WATER INSTITUTE 650 NP AVENUE FARGO ND 58102 272553080 15779 FOR RIVER OF DREAMS LAKE OF THE WOODS AREA INDUSTRIAL DEVELOPMENT CORP 412 4TH AVE NE BAUDETTE MN 566230181 410988228 8810 WATER AND SEWER LINE EXTENSION IN INDUSTRIAL PARK LIFECARE MEDICAL CENTER 715 DELMORE DR ROSEAU MN 567511599 411804205 7750 REPLACEMENT OF VENTILATOR MINNESOTA ASSET BUILDING COALITION 2324 UNIVERSITY AVE SAINT PAUL MN 55114 411412710 8650 MABC 2015 COMMUNITY WEALTH WORKSHOPS MINNESOTA HOUSING PARTNERSHIP 2446 UNIVERSITY AVE SAINT PAUL MN 55114 411649643 25000 NATIVE COMMUNITY DEVELOPMENT INSTITUTE PILOT MINNESOTA JUSTICE FOUNDATION 229 19TH AVE S ST MINNEAPOLIS MN 55455 411447537 7500 MINNESOTA JUSTICE FOUNDATION SUMMER CLERKSHIP PROGRAM NAMELESS COALITION FOR THE HOMELESS PO BOX 353 BEMIDJI MN 56601 472472053 50000 FOR PURCHASE HUUF CHURCH AND RELATED EXPENSES NISKY LLC 5992 TALL PINES RD BEMIDJI MN 56601 470987021 10000 IDEA COMPETITION WINNER NORTH COUNTRY COMMUNITY HEALTH SERVICES 212 MAIN AVENUE BAGLEY MN 56621 416005779 16667 FOR ACCOUNTABLE COMMUNITIES FOR HEALTH LEADERSHIP PROJECT NORTHERN DENTAL ACCESS CENTER 1405 ANNE ST NW BEMIDJI MN 56601 841711812 10000 FOR NORTHERN DENTAL ACCESS CENTER EXPANSION NORTHLAND REGIONAL SHOOTING SPORTS FUND 201 3RD ST NW BEMIDJI MN 56601 411556013 10000 SPENDABLE NORTHWEST COMMUNITY ACTION INC PO BOX 67 BADGER MN 567140067 410888567 12500 FOR ECONOMIC DEVELOPMENT LOAN POOL IMPLEMENTATION NORTHWOODS INTERFAITH VOLUNTEER CAREGIVERS PROGRAM 616 AMERICA AVE BEMIDJI MN 56601 411993133 24793 FOR INCREASING COMMUNITY SUPPORT FOR ELDERS AND VETERANS PARK RAPIDS SCHOOL DIST #309 301 HUNTSINGER AVE PARK RAPIDS MN 56470 416001518 8200 FOR REDESIGN OF PARK RAPIDS INDUSTRIAL CENTER PEACEMAKER RESOURCES 3124 HANNAH AVE BEMIDJI MN 56601 450507287 25000 FOR IMPLEMENTATION OF THE COMMUNITIES THAT CARE PROCESS IN BEMIDJI PENNINGTON COUNTY SOIL & WATER 201 SHERWOOD AVE THIEF RIVER FALLS MN 56701 416008951 25000 FOR ONE WATERSHED ONE PLAN POLK-NORMAN-MAHNOMEN COMMUNITY HEALTH BOARD PO BOX 403 CROOKSTON MN 56716 461270064 16667 NURSE FAMILY PARTNERSHIP EXPANSION RED LAKE COUNTY SWCD 2602 WHEAT DR RED LAKE FALLS MN 56750 410859809 12500 FOR BWSR CLEAN WATER FUND PROJECTS ROSEAU RIVER WATERSHED DISTRICT 108 3RD AVE SW ROSEAU MN 56751 411346017 6250 COMPREHENSIVE CULVERT INVENTORY SANFORD HEALTH FOUNDATION OF NORTHERN MINNESOTA 1300 ANNE ST NW BEMIDJI MN 56601 411389317 7600 FOR CARE WITHOUT LIMITS-CANCER CENTER CAMPAIGN SUSTAINABLE FAMILY ASSN FISCAL PARTNER JOHN MESKO EX 25700 280TH ST SHEVLIN MN 56676 411671893 6050 SUSTAINABLE SHEEP COMMUNITY PROJECT OF NORTHERN MINNESOTA THIEF RIVER FALLS INDEPENDENT SCHOOL DISTRICT #564 230 LABREE AVE S THIEF RIVER FALLS MN 56701 416003126 12500 FOR LITTLE BROTHER/LITTLE SISTER OF PENNINGTON COUNTY TRUE FRIENDS 10509 108TH STREET ANNANDALE MN 55302 411543013 8409 CAMP COURAGE NORTH-SCHOLARSHIPS VOICES FOR RACIAL JUSTICE 2525 E FRANKLIN AVE MINNEAPOLIS MN 55406 411750116 10000 FOR GREATER VISIONS BEMIDJI WARREN ECONOMIC DEVELOPMENT AUTHORITY 120 E BRIDGE AVE WARREN MN 56762 416005617 47000 CONSTRUCTION COST FOR NORTHSTAR ASSISTED LIVING FACILITY WARROAD INDEPENDENT SCHOOL DISTRICT #690 510 CEDAR AVE NW WARROAD MN 567632708 416003720 114029 POOL AREA UPGRADES/LOCKER ROOM/NEW POOL EQUIPMENT WARROAD PARK AND RECREATION COMMISSION WARROAD CITY HALL WARROAD MN 56763 416005618 8000 BEACH BEAUTIFICATION WARROAD SENIOR LIVING CENTER 1401 LAKE ST NW WARROAD MN 56763 411351830 7596 LIFTING EQUIPMENT WHITE EARTH NATION PO BOX 418 WHITE EARTH MN 565910418 411737979 7500 WHITE EARTH LAND USE AND ZONING PLAN WIN-E-MAC SCHOOL DISTRICT #2609 23130 345TH ST SE ERSKINE MN 565359468 411694266 36000 SNUSTAD EDUCATION GRANTS SUPPORTING PROGRAMS, PROJECTS AND ACTIVITIES IN ISD #2609 WATERMARK ART CENTER 505 BEMIDJI AVE N BEMIDJI MN 566013091 411287739 103650 WATERMARK PROJECT FUND 52 3 +BUSINESS TECHNICAL ASSISTANCE 12 14621 SCHOLARSHIP 195 188800 IDEA AWARD WINNERS 3 30000 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. FOLLOWING PAYMENTS ARE SENT AFTER SENDING IN SATISFACTORY REPORTS. 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 2 132338 MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 WILL BE PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, 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, TO ENSURE 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. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS SUBJECT TO ANNUAL REVIEW BY THE BOARD WHO SUBSEQUENTLY DETERMINES THE SALARY. OTHER KEY EMPLOYEES ARE REVIEWED BY SUPERVISORS AND THE PRESIDENT DETERMINES SALARY BASED ON EXTERNAL DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S 990 AND ANNUAL REPORT (INCLUDING FINANCIAL STATEMENTS) ARE AVAILABLE UPON REQUEST. THE 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE PUBLIC.