2014-03-07T15:59:25-06:00 2013-06-30 383635706 REHMANN ROBSON LLC MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2012-07-01 382376475 NORTHWESTERN MICHIGAN COLLEGE FOUNDATION NORT 2319951144 1701 EAST FRONT STREET TRAVERSE CITY MI 49686 REBECCA TEAHEN 2319951144 2014-02-24 1 KERRY J NELSON CPA P00932757 2319463230 2014-02-24 2012 2015-11-30 17:44:51Z REBECCA TEAHEN 1701 EAST FRONT STREET TRAVERSE CITY MI 49686 19563865 0 X WWW.NMC.EDU/FOUNDATION X 1981 MI TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE. 38 33 0 379 0 0 1281535 1839602 0 0 400351 1337661 65768 90404 1747654 3267667 1390015 1933913 0 0 0 0 0 0 302326 407744 518511 1797759 2452424 -50105 815243 29556269 32411566 519739 849182 29036530 31562384 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 1961427 1933913 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. 1961427 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 38 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X X VICKI COOK 2319951144 1701 EAST FRONT STREET TRAVERSE CITY MI 49686 CHRISTOPHER E BRANSON 3.00 X X 0 0 0 MARK A LUNDMARK 3.00 X X 0 0 0 TIMOTHY J NELSON 3.00 X X 0 232305 41511 WENDY H STEELE 3.00 X X 0 0 0 RANDALL J KIESSEL 3.00 X X 0 0 0 REBECCA TEAHEN 30.00 X X 0 90851 38966 BONNIE ALFONSO 1.00 X 0 0 0 MICHAEL A ASCIONE 1.00 X 0 0 0 BARBARA S BENSON 1.00 X 0 0 0 DOUGLAS S BISHOP 1.00 X 0 0 0 BRUCE BYL 1.00 X X 0 0 0 J KERMIT CAMPBELL 1.00 X 0 0 0 MELVIN R COOK JR 1.00 X 0 0 0 STEPHEN M FISHER 1.00 X 0 0 0 CHERYL G FOLLETTE 1.00 X 0 0 0 FRANCIS J GINGRAS 1.00 X 0 0 0 DON A GOOD MD 1.00 X 0 0 0 KIM HAGERTY 1.00 X 0 0 0 JAMES W HOOK 1.00 X 0 0 0 TERRY LOBDELL 1.00 X 0 0 0 TERENCE S MALONE 1.00 X 0 0 0 BILL MARSH JR 1.00 X 0 0 0 PAUL W MAURER 1.00 X 0 0 0 DIANA MILOCK 1.00 X 0 0 0 JAYNE MOHR 1.00 X 0 0 0 GAIL M NUGENT 1.00 X 0 0 0 HARLAN W PETERSON 1.00 X 0 0 0 RICHARD L REDMOND JR 1.00 X 0 0 0 JULIETTE SCHULTZ 1.00 X 0 0 0 SUSAN K SHELDON 1.00 X 0 0 0 MARTHA WATTS 1.00 X 0 0 0 TIMOTHY F YOUNG 1.00 X 0 0 0 GARYN ROBERTS 1.00 X 80771 0 30419 DIANE EMLING 1.00 X 80871 0 26300 SARA HARDING 1.00 X 0 0 0 ALAN ZELINSKI 1.00 X 0 0 0 MEGAN MADION 1.00 X 0 0 0 MCKENZIE CAMPBELL 1.00 X 0 0 0 161642 323156 137196 4 0 1 0 0 28729 1810873 122091 1839602 717899 717899 16778300 16158538 619762 619762 619762 216668 28729 122884 93784 93784 11396 14776 -3380 -3380 3267667 0 0 1428065 1933913 1933913 123663 123663 64735 64735 98 98 13522 13522 FUNDRAISING 302326 302326 BAD DEBT 9143 9143 SALES TAX 4849 4849 MISCELLANEOUS 175 175 2452424 1961427 188671 302326 571788 1326555 373085 235980 22127 28377 11900 11900 11900 28318983 30524308 258386 284446 29556269 32411566 131449 127274 324699 624607 63591 97301 519739 849182 X 3337352 3598476 15774612 17722439 9924566 10241469 29036530 31562384 29556269 32411566 X 815243 1705729 4882 X X 0 1 X 1 0 X X X 0 0 0 NORTHWESTERN MICHIGAN COLLEGE 386027348 115 1 1 1 1933913 1 1933913 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13310365 360656 1397724 438305 34465 14595975 13296540 180504 112496 284855 -5680 13310365 11060829 122466 2316527 203282 13296540 9717869 392005 950955 11060829 11723068 157814 -1761199 402377 -563 9717869 0.05490 0.70160 0.24350 0 0 11900 11900 11900 X 4978268 1705729 4872 1710601 3267667 0 3267667 2452414 -10 -10 2452424 0 2452424 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION OPERATES A NONPROFIT CORPORATION AND HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. ALTHOUGH THE FOUNDATION WAS GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." SUCH INCOME, PURSUANT TO THE INTERNAL REVENUE CODE AND RELATED REGULATIONS, INCLUDES INVESTMENT INCOME. ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740 PRESCRIBES THE RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR DISCLOSURES OF TAX POSITIONS PREVIOUSLY TAKEN OR EXPECTED TO BE TAKEN ON AN INCOME TAX RETURN. NOT-FOR-PROFIT ORGANIZATIONS ARE ALSO WITHIN THE SCOPE OF ASC TOPIC 740. THE FOUNDATION ANALYZED ITS FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS (2009 THROUGH 2012) IN THESE JURISDICTIONS. THE FOUNDATION HAS ALSO ELECTED TO RETAIN ITS EXISTING ACCOUNTING POLICY WITH RESPECT TO THE TREATMENT OF INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND CONTINUES TO REFLECT ANY CHARGES FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS MANAGEMENT AND GENERAL EXPENSES. THE CONTINUED APPLICATION OF ASC TOPIC 740 HAD NO IMPACT ON THE FOUNDATION. PART XI, LINE 2D OTHER ADJUSTMENTS INCLUDE: UNCOLLECTIBLE PLEDGE NETTED WITH REVENUE (10) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 4,882 TOTAL 4,872 PART XII, LINE 2D OTHER ADJUSTMENTS INCLUDE: UNCOLLECTIBLE PLEDGE NETTED WITH REVENUE (10) BARBEQUE 108700 108700 64568 TASTER'S GUILD 81808 12448 69360 12448 13448 3 54889 16281 38608 16281 16139 245397 28729 216668 28729 94155 122884 93784 0 NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 GOVERNMENTAL 1933913 TO PROVIDE AWARDS AND SUPPORT FOR VARIOUS PROGRAMS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANT REQUESTS ARE PROVIDED TO THE BOARD. UPON BOARD APPROVAL, GRANTS ARE AWARDED. 0 0 0 0 0 0 0 0 0 TIMOTHY J NELSON 0 232305 0 0 0 0 0 34539 0 6972 0 273816 0 0 X 5 19160 FMV X 1436 FMV X 4 7600 X 1 23500 FMV X 3 6568 FMV X 2 3745 FMV X 9977 FMV X MISCELLANEOUS 140 50105 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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. COMPENSATION IS PAID THROUGH NORTHWESTERN MICHIGAN COLLEGE AND BASED ON COLLEGE POLICIES AND PROCEDURES. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 4,882. FORM 990 PAGE 12, PART XII, QUESTION 2C THERE HAS BEEN NO CHANGE FROM PRIOR YEAR. NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 HIGHER EDUCATION MI 115 N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 NORTHWESTERN MICHIGAN COLLEGE B 1933913 CASH NORTHWESTERN MICHIGAN COLLEGE O 302326 CASH