2015-12-15T13:55:39-06:00 2015-06-30 411281737 MILLER MCDONALD INC PO BOX 486 BEMIDJI MN 566190486 990 2014-07-01 411556013 NORTHWEST MINNESOTA FOUNDATION NORT 2187592057 201 3RD ST NW BEMIDJI MN 56601 NANCY VYSKOCIL PRESIDENT 2187592057 2015-12-09 1 JEFF HAUKEBO P00055507 2187516300 2014 2016-03-07 17:11:31Z NANCY VYSKOCIL 201 3RD ST NW BEMIDJI MN 56601 19609744 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 23 0 0 0 4158735 6302379 358859 325957 4239305 3423683 0 0 8756899 10052019 1541499 3016620 0 0 1437875 1455143 0 0 182417 1184361 1387422 4163735 5859185 4593164 4192834 60544103 63308373 5269337 4579519 55274766 58728854 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 4785499 3016620 325957 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 $558,646 WAS SPENT FOR TRAINING AND EDUCATION IN FY 2015 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 2014 WITH 145 PARTICIPANTS. THE RETREAT PARTICIPANTS ALSO RECEIVED SCHOOL-SITE SOCIAL, EMOTIONAL, LEARNING (SEL) TRAINING DURING THE WINTER OF 2014. A SERIES OF TWENTY-ONE WORKSHOPS FOR NON-PROFIT MIDDLE-MANAGEMENT AND ABOVE WERE DELIVERED. OVERALL, THERE WERE 352 PARTICIPANTS.TWELVE 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. FIFTEEN PARTICIPANTS ATTEND 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 $2,457,974 WAS AWARDED FOR GRANT PROGRAMS IN FY 2015 AND INCLUDED THE FOLLOWING:NINETEEN GRANTS TOTALING $15,719 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 REGIONS NATURAL RESOURCE BASE. THREE GRANTS TOTALING $52,500 WERE AWARDED UNDER THIS PROGRAM.THREE GRANTS TOTALING $70,000 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 337 COMPONENT FUNDS UNDER THIS PROGRAM. A TOTAL OF 450 GRANTS AND SCHOLARSHIPS TOTALING $2,022,355 WERE AWARDED IN FY 2015.FOURTEEN GRANTS TOTALING $179,385 WERE AWARDED TO LOCAL GOVERNMENTS FOR COMMUNITY AND ECONOMIC DEVELOPMENT. SIX GRANTS TOTALING $112,300 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 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.ONE GRANT TOTALING $2,650 WAS AWARDED UNDER THE GRANTS TECHNICAL ASSISTANCE PROGRAM. IT WAS ACCOMPANIED BY INDIVIDUAL TECHNICAL ASSISTANCE.A TOTAL OF $29,935 IN 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.EIGHTEEN LOANS WERE FUNDED UNDER THE BUSINESS DEVELOPMENT PROGRAMS IN FY 2015 AND INCLUDED THE FOLLOWING:THE ENTREPRENEUR DEVELOPMENT LOAN PROGRAM PROVIDES SMALL BUSINESS LOANS TO ENTREPRENUERS WHO HAVE EXPERIENCE, EXPERTISE AND A WELL-DEVELOPED BUSINES PLAN. THIRTEEN LOANS TOTALING $162,035 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 $447,650 WERE FUNDED UNDER THIS PROGRAM. D) ADMINISTRATIVE EXPENSESTHE FOUNDATION INCURRED $1,768,880 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. 4785499 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 50 0 23 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 NANCY VYSKOCIL PRESIDENT 40.00 X 133654 0 18719 133654 0 18719 1 0 0 0 COMPASS CAPITAL MANAGEMENT INC SUITE 400 BAKER BUILDING 706 SECO MINNEAPOLIS MN 55402 INVESTMENT MANAGEMENT 136152 PEACEMAKER RESOURCES 3124 HANNAH AVE BEMIDJI MN 56601 TRAINING 100500 2 87518 6214861 6302379 INTEREST REVENUE-LOANS 900099 167006 167006 PARTICIPATION FEES 900099 155787 155787 LOAN APPLICATION FEES 900099 3164 3164 325957 1318179 1318179 11638637 24592 9543004 14721 2095633 9871 2105504 2105504 10052019 325957 0 3423683 2796201 2796201 220419 220419 1153587 631880 453640 68067 301556 168944 111709 20903 3574 3574 12650 1500 11150 249721 246252 3469 363627 329011 10049 24567 24065 80 23985 102967 27286 63194 12487 28769 15823 12946 100046 50955 33088 16003 67995 29270 38725 106265 59031 47234 11060 3502 7558 MISCELLANEOUS 118969 54046 36195 28728 MAINTENANCE AND REPAIR 63804 35131 28673 LOAN LOSS PROVISION 60553 60553 ANNUITY ACTUARIAL ADJUS 35126 35126 38231 16915 9654 11662 5859185 4785499 891269 182417 150 150 640041 814352 640141 470272 24051 13854 3824313 3309134 14991 10823 3730825 417306 2667626 3313519 51237045 53672002 1300240 1512530 195505 191737 60544103 63308373 143744 166960 224363 238981 1747 51747 2526149 1824982 2373334 2296849 5269337 4579519 X 344883 209458 22089748 22470673 32840135 36048723 55274766 58728854 60544103 63308373 4192834 -738746 0 X 0 1 X 1 0 X 3696459 3239485 4303938 4158735 6302379 21700996 3696459 3239485 4303938 4158735 6302379 21700996 3281471 18419525 1419047 2164318 1991869 4239304 3423683 13238221 34939217 1953184 0.52720 0.51620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21 484498 62300 4131258 1 1 0 46143331 3299905 2465246 1157000 -1184961 49566521 38746587 2345619 6299906 1057000 -191781 46143331 34062686 2223180 4057003 1629303 -33021 38746587 33218360 1104892 1383996 1544795 99767 34062686 27802534 1530559 5704204 1507476 311461 33218360 0.72730 0.27270 0 0 850700 850700 2455802 145088 2310714 424323 272218 152105 3313519 ANNUITY PAYABLE 391829 AGENCY ENDOWMENT LIABILITY 1755020 GRANITE EQUITY PARTNERS SUBSCRIPTION PAYABLE 150000 2296849 9313273 -738746 -738746 10052019 0 10052019 5859185 0 5859185 0 5859185 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 CITY OF ADA PO BOX 32 ADA MN 56510 416004912 15000 FOR COMPREHENSIVE PLAN AGASSIZ AUDUBON SOCIETY 27391 190TH ST NW WARREN MN 56762 411434405 12800 FOR POLLINATOR HABITAT ENHANCEMENT PROJECT AMHERST H WILDER FOUNDATION 451 LEXINGTON PARK SAINT PAUL MN 55104 410693889 15000 FOR MINNESOTA COMPASS AURI PO BOX 599 CROOKSTON MN 56716 411635043 10017 FOR BIOMASS GASIFICATION TO SYNTHETIC DIESEL FUEL BEMIDJI AREA SCHOOLS DIST #31 502 MINNESOTA AVE BEMIDJI MN 56601 416000181 8165 FOR SCHOOL ACTIVITIES, EQUIPMENT AND SERVICES BEMIDJI STATE UNIVERSITY 1500 BIRCHMONT DR BEMIDJI MN 56601 411687554 12500 FOR THE REINVENTION OF NORTHWEST TECHNICAL COLLEGE CITY OF BAUDETTE PO BOX 548 BAUDETTE MN 56623 410882297 12500 FOR BAUDETTE HOUSING ACTION PLAN BELTRAMI AREA SERVICE COLLABORATIVE 616 AMERICA AVE BEMIDJI MN 56601 411941453 6250 STUDENTS FIRST BOYS & GIRLS CLUB OF BEMIDJI AREA PO BOX 191 BEMIDJI MN 56619 810599601 9000 FOR CAREER LAUNCH CITY OF BEMIDJI 317 4TH ST NW BEMIDJI MN 56601 416004972 8600 FOR CHIEF BEMIDJI STATUE BEMIDJI COMMUNITY FOOD SHELF 1260 INDUSTRIAL PARK BEMIDJI MN 56601 411494430 6250 FOR FARM MANAGER BSU AMERICAN INDIAN RESOURCE CENTER 1500 BIRCHMONT DR BEMIDJI MN 56601 411687554 25000 FOR BEMIDJI STATE ELDERS-IN-RESIDENCE PROGRAM THE NATURE CONSERVANCY MINNESOTA CHAPTER 1101 W RIVER PKWY MINNEAPOLIS MN 55415 530242654 13333 FOR CARIBOU WILDLIFE MANAGEMENT AREA CONSERVATION GRAZING CLEAR WATERS LIFE CENTER PO BOX 155 CLEARBROOK MN 56634 770643868 8333 FOR SENIOR CONNECTION CITY OF BEMIDJI PARKSRECS DEPARTMENT 1351 5TH ST NW BEMIDJI MN 56601 416004972 15000 FOR NYMORE DOG PARK FUND CLEARBROOK-GONVICK PUBLIC SCHOOL DIST #2311 16770 CLEARWATER CLEARBROOK MN 56634 411811820 5693 FOR THEATER UPGRADE, MATERIALS, EQUIPMENT OR SUPPLIES FOSSTON INDEPENDENT SCHOOL DIST #601 301 E 1ST ST FOSSTON MN 56542 416003330 5500 FOR MUSIC DEPARTMENT TUBA CLEARWATER HOSPICE 212 MAIN AVE N BAGLEY MN 56621 416005779 9820 FOR CLEARWATER HOSPICE EXPENSES CITY OF CROOKSTON 124 N BROADWAY CROOKSTON MN 56716 416005076 53371 FOR 50% OF DEHUMIDIFICATION SYSTEM COST EICKHOF COLUMBARIA INC 1200 BRUCE ST CROOKSTON MN 56716 061784861 10000 FOR IDEA AWARD WINNER NORTHWEST SERVICE COOPERATIVE 114 1ST ST THIEF RIVER FALLS MN 56701 363138464 6250 FOR SECONDARY SCHOOL REFORM IN NORTHERN MINNESOTA THROUGH REFLECTIVE PROFESSIONAL DEVELOPMENT CITY OF GARY PO BOX 104 GARY MN 56545 411267629 7500 FOR COMPREHENSIVE PLAN GREATER BEMIDJI INC 201 1ST ST W STE BEMIDJI MN 56601 363367707 8333 FOR ENTREPRENEURIAL LAUNCHPAD PILOT PROJECT HUBBARD COUNTY EDC 301 COURT AVE PARK RAPIDS MN 56470 204208381 10000 FOR OPERATING EXPENSES KELLIHER SCHOOL DISTRICT PO BOX 259 KELLIHER MN 56650 416008114 25000 KELLIHER COMMUNITY CONNECTIONS AFTER SCHOOL PROGRAM LAKE OF THE WOODS HUMANE SOCIETY PO BOX 1103 BAUDETTE MN 56623 411941034 10000 FOR SPAY AND NEUTERING EXPENSES LAPORTE INDEPENDENT SCHOOL DIST #306 315 MAIN ST SW LAPORTE MN 56461 416001539 10000 FOR RAMP UP TO READINESS WARROAD INDEPENDENT SCHOOL DIST #690 510 CEDAR AVE NW WARROAD MN 56763 416003720 30000 FOR STORY TIME ON WHEELS WARROAD MEMORIAL ARENA ASSOCIATION PO BOX 9 WARROAD MN 56763 363310495 7700 FOR REPAIRS TO CHILLERS LIFECARE MEDICAL CENTER 715 DELMORE DR ROSEAU MN 56751 411804205 12898 FOR EMERGENCY DEPT. EKG INSTRUMENT MAHNOMEN HEALTH CENTER PO BOX 396 MAHMOMEN MN 56557 416008946 10000 FOR ASSISTED LIVING MINNESOTA COUNCIL OF NONPROFITS 2314 UNIVERSITY AVE SAINT PAUL MN 55114 363501477 12500 FOR MCN NORTHWEST REGIONAL OFFICE AND NONPROFIT SUPPORT MINNESOTA PLANNED GIVING COUNCIL 1000 WESTGATE DR SAINT PAUL MN 55114 411735988 10000 FOR LEAVE A LEGACY MINNESOTA PROJECT NORTH COUNTY COMMUNITY HEALTH SERVICES 212 MAIN AVE N BAGLEY MN 56621 416005779 8333 FOR ACCOUNTABLE COMMUNITIES FOR HEALTH LEADERSHIP PROJECT ROSEAU RIVER WATERSHED DIST 108 3RD AVE SW ROSEAU MN 56751 411346017 6250 COMPREHENSIVE CULVERT INVENTORY NORTH VALLEY HEALTH CENTER 300 WEST GOOD SA WARREN MN 56762 411384358 30000 FOR PHYSICIAN RECRUITMENT RED LAKE FALLS SCHOOL DIST #630 PO BOX 399 RED LAKE FALLS MN 56750 416003461 25000 FOR TECHNOLOGY PURCHASES NORTHERN DENTAL ACCESS CENTER PO BOX 279 BEMIDJI MN 56619 841711812 10500 FOR ORAL HEALTH PREVENTION SERVICE EXPANSION TO NW MN COMMUNITIES SANFORD HEALTH FOUNDATION OF NORTHERN MINNESOTA 1300 ANNE ST NW BEMIDJI MN 56601 411389317 6400 FOR EXCELLANCE IN CANCER CARE PARK RAPIDS SCHOOL DIST #309 301 HUNTSINGER AVE PARK RAPIDS MN 56470 416001518 25000 FOR FITNESS PARK PROJECT NORTHERN LIGHTS COUNCIL OF THE BOY SCOUTS OF AMERICA CAMP WILDERNESS PARK RAPIDS MN 56470 450226415 20000 FOR POLLINATOR HABITAT SITE ESTABLISHMENT NORTHWEST COMMUNITY ACTION INC PO BOX 67 BADGER MN 56714 410888567 12500 FOR ECONOMIC DEVELOPMENT LOAN POOL IMPLEMENTATION PARK RAPIDS ROTARY FOUNDATION INC 301 COURT AVE PARK RAPIDS MN 56470 473537477 29500 FOR CLOSE OUT POJECT FUND WIN-E-MAC SCHOOL DISTRICT #2609 23130 345TH ST SE ERSKINE MN 56535 411694266 18043 FOR FITNESS CENTER HEADWATERS ANIMAL SHELTER PO BOX 573 PARK RAPIDS MN 56470 311610621 9500 FOR CREATION/REPLENISHING OF FUNDS HEADWATERS REGIONAL DEVELOPMENT COMMISSION PO BOX 906 BEMIDJI MN 56619 410983661 12500 FOR IMPACT 20/20 COORDINATION LIVING AT HOME- PARK RAPIDS PO BOX 465 PARK RAPIDS MN 56470 411968154 12500 FOR GERIATRIC CARE MANAGEMENT POLK-NORMAN-MAHNOMEN COUMMUNITY HEALTH BOARD PO BOX 403 CROOKSTON MN 56716 461270064 8333 NURSE FAMILY PARTNERSHIP EXPANSION CITY OF RED LAKE FALLS PO BOX 37 RED LAKE FALLS MN 56750 416005480 10000 FOR RED LAKE FALLS COMPREHENSIVE PLAN THIEF RIVER FALLS SCHOOL DIST #564 230 LABREE AVE S THIEF RIVER FALLS MN 56701 416003126 6250 FOR LITTLE BROTHER/LITTLE SISTER OF PENNINGTON COUNTY TRI-VALLEY OPPORTUNITY COUNCIL INC 102 N BROADWAY CROOKSTON MN 56716 410888488 10300 CONNECTING AT-RISK CHILDREN WITH RESOURCES AND SERVICES TRUE FRIENDS 10509 108TH ST ANNANDALE MN 55302 411543013 7770 FOR CAMP COURAGE NORTH-SCHOLARSHIPS WARREN ECONOMIC DEVELOPMENT AUTHORITY 120 E BRIDGE AVE WARREN MN 56762 416005617 300000 FOR WARREN ASSISTED LIVING BUILDING PROJECT WARREN SENIOR CENTER 120 E BRIDGE AVE WARREN MN 56762 410872993 6211 FOR KITCHEN SUPPLIES AND APPLIANCES CITY OF WARREN 120 E BRIDGE AVE WARREN MN 56762 416005617 8500 FOR FEASIBILITY STUDY MULTI-GENERATIONAL CENTER WATERMARK ART CENTER 426 BEMIDJI AVE N BEMIDJI MN 56601 411287739 76000 FOR SITE WORK AND DEMOLITION WHITE EARTH NATION PO BOX 418 WHITE EARTH MN 56566 411737979 15000 FOR WHITE EARTH NATION STRATEGIC PLAN 55 2 BUSINESS TECHNICAL ASSISTANCE 19 15719 SCHOLARSHIP 197 171700 IDEA AWARD WINNERS 6 33000 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 7 333207 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.