2013-01-07T16:09:03-06:00 2012-06-30 411281737 MILLER MCDONALD ERICKSON & MOLLER LTD PO BOX 486 BEMIDJI MN 566190486 990 2011-07-01 411556013 NORTHWEST MINNESOTA FOUNDATION NORT 2187592057 4225 TECHNOLOGY DR NW BEMIDJI MN 56601 NANCY VYSKOCIL 2187592057 2012-11-26 1 JEFF HAUKEBO P00055507 2187516300 2011 2016-02-25 16:41:14Z NANCY VYSKOCIL 4225 TECHNOLOGY DR NW BEMIDJI MN 56601 14809439 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 21 0 0 0 3711159 3239485 472576 422799 1416135 2164318 0 0 5599870 5826602 1590737 1788505 0 0 1400686 1481314 0 0 148920 1435454 1066948 4426877 4336767 1172993 1489835 47055555 48212224 4159284 4365928 42896271 43846296 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 3431967 1788505 422799 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. (CONTINUED ON SCHEDULE O)A TOTAL OF $703,619 WAS SPENT FOR TRAINING AND EDUCATION IN FY 2012 AND INCLUDED THE FOLLOWING ACTIVITIES: ANNUAL OUTSTANDING LEADERSHIP AWARDS WITH GRANTS WERE PRESENTED TO ALEADERSHIP TRAINING PARTICIPANT DEMONSTRATING INCREASED COMMUNITY LEADERSHIP AND A NON-PROFIT ORGANIZATION SHOWING IMPACT DUE TO QUALITY MANAGEMENT. THREE TWO-DAY, ONE-NIGHT ELEMENTARY AND MIDDLE SCHOOL YOUTH LEADERSHIP SESSIONS WERE HELD IN THE FALL OF 2011 WITH 250 PARTICIPANTS. THESE SAME PARTICIPANTS RETURNED IN THE WINTER FOR TWO TWO-DAY, ONE-NIGHT SESSIONS. A SERIES OF ELEVEN WORKSHOPS FOR NON-PROFIT MIDDLE-MANAGEMENT AND ABOVE WERE DELIVERED. OVERALL, THERE WERE 263 PARTICIPANTS. TWO ORGANIZATIONAL ASSESSMENTS WERE CONDUCTED THAT WILL ALLOW THESE PARTICIPATING ORGANIZATIONS TO ACCESS TECHNICAL ASSISTANCE GRANTS. AN ADDITIONAL ELEVEN NON-PROFITS RECEIVED TECHNICAL ASSISTANCE. LEADERIMPACT TRAINING WAS DELIVERED TO TWENTY-THREE PARTICIPANTS IN FY 2012. THIS REPRESENTS ONE PROGRAM CONSISTING OF TWO RETREATS SEPARATED BY THREE MONTHS DURING WHICH EACH PARTICIPANT RECEIVES PROFESSIONAL COACHING. THIRTY-NINE LEADERIMPACT ALUMNI ATTENDED A FOLLOW-UP SESSION. 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. 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 $1,084,886 WAS AWARDED FOR GRANT PROGRAMS IN FY 2012 AND INCLUDED THE FOLLOWING: FORTY-SIX GRANTS TOTALING $40,162 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. TWO GRANTS TOTALING $28,750 FOR RESEARCH AND FOUR GRANTS TOTALING $45,368 FOR PROMOTION AND PRESERVATION WERE AWARDED UNDER THIS PROGRAM. THREE GRANTS TOTALING $49,540 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 NONPROFIT AGENCIES IN BUILDING THEIR RESOURCES. THERE WERE 314 COMPONENT FUNDS UNDER THIS PROGRAM. A TOTAL OF 216 GRANTS AND SCHOLARSHIPS TOTALING $767,816 WERE AWARDED IN FY 2012. ONE GRANT TOTALING $1,000 WAS AWARDED FOR THE DEVELOPMENT AND IMPLEMENTATION OF PLANS TO MANAGE GROWTH AND CONTROL DEVELOPMENT WITHIN COMMUNITIES. NINE GRANTS TOTALING $86,000 WERE AWARDED TO LOCAL GOVERNMENTS FOR COMMUNITY AND ECONOMIC DEVELOPMENT. ONE GRANT TOTALING $24,000 WAS 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. SEVEN GRANTS TOTALING $52,000 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 $1,000 WAS AWARDED UNDER THE SUSTAINING COMMUNITY SUCCESS TECHNICAL ASSISTANT PROGRAM. THIS PROGRAM FOR COMPONENT FUNDS HAS A TRAINING COMPONENT CONSISTING OF FOUR WORKSHOPS DESIGNED FOR FUND ADVISORY GROUPS: STRATEGIC PLANNING, MARKETING, FUND DEVELOPMENT AND CREATING A LEGACY (GRANTMAKING AND DONOR STEWARDSHIP). IT IS ACCOMPANIED BY INDIVIDUAL TECHNICAL ASSISTANCE IN EACH AREA. A TOTAL OF $10,750 IN PREVIOUSLY AWARDED GRANTS WAS 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.TWENTY-FOUR LOANS WERE FUNDED UNDER THE BUSINESS DEVELOPMENT PROGRAMS IN FY 2012 AND INCLUDED THE FOLLOWING: SMALL BUSINESS LOANS ARE AVAILABLE FOR ENTREPRENEURS WHO HAVE EXPERIENCE, EXPERTISE AND A WELL-DEVELOPED BUSINESS PLAN. SEVENTEEN LOANS TOTALING $218,392 WERE FUNDED UNDER THIS PROGRAM. THE REVOLVING LOAN FUND PROGRAM PROVIDES GAP FINANCING FOR BUSINESS START-UPS AND EXPANSIONS WHICH CREATE NEW JOBS AND LEVERAGE ADDITIONAL MONIES. SEVEN LOANS TOTALING $762,624 WERE FUNDED UNDER THIS PROGRAM. THE COMMUNITY LOAN FUND PROGRAM REINVESTS RESOURCES IN COMMUNITIES THAT HAVE RAISED A POOL OF LOAN FUND DOLLARS TO PROMOTE ECONOMIC GROWTH WITHIN THEIR COMMUNITY. NO LOANS WERE APPROVED UNDER THIS PROGRAM.D) ADMINISTRATIVE EXPENSESTHE FOUNDATION INCURRED $1,643,462 IN ADMINISTRATIVE COSTS FOR DELIVERY OF PROGRAM SERVICES. THESE COSTS INCLUDED SALARIES, FRINGE BENEFITS, SUPPLIES, TELEPHONE, POSTAGE, TRAVEL, OVERHEAD, PRINTING, LOAN LOSSES, LOAN INTEREST, PURCHASED SERVICES, EDUCATION AND PROMOTION. 3431967 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 0 0 0 0 0 0 0 0 0 0 1 62 0 1 21 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 4225 TECHNOLOGY DR NW BEMIDJI MN 56601 JON LINNELL 3.00 X 0 0 0 TOM ANDERSON 3.00 X 0 0 0 PETE HADDELAND 3.00 X 0 0 0 JON QUISTGAARD 3.00 X 0 0 0 FAYE AUCHENPAUGH 3.00 X 0 0 50 LEAH PIGATTI 3.00 X 0 0 0 ERIC BERGESON 3.00 X 0 0 50 JODY HORNTVEDT 3.00 X 0 0 0 GARY PURATH 3.00 X 0 0 100 ROBERT HAGER 3.00 X 0 0 0 LAURIE WILSON 3.00 X 0 0 0 JUDY ROY 3.00 X 0 0 50 NANCY VYSKOCIL 40.00 X X X 119920 0 16470 119920 0 16720 1 0 0 0 COMPASS CAPITAL MANAGEMENT INC SUITE 400 BAKER BUILDING 706 SECO MINNEAPOLIS MN 55402 INVESTMENT MANAGEMENT 107189 1 186104 3053381 3239485 INTEREST REVENUE-LOANS 900099 227082 227082 PARTICIPATION FEES 900099 184947 184947 LOAN APPLICATION FEES 900099 10770 10770 422799 1233211 1233211 9913944 8982837 931107 931107 931107 5826602 422799 0 2164318 1583855 1583855 204650 204650 1132337 661478 395654 75205 348977 203054 127355 18568 30577 29701 876 18795 8825 9970 185360 173899 11461 455074 438380 10327 6367 29219 3051 20878 5290 125279 60571 49872 14836 11960 6339 5621 88318 49751 25319 13248 7767 7745 22 54147 28890 25257 9375 3047 6328 MISCELLANEOUS 87615 35367 47795 4453 MAINTENANCE AND REPAIR 27229 14690 12252 287 EDUCATION 25435 17184 3235 5016 SUBSCRIPTIONS 15210 7865 2571 4774 -104412 -106375 1963 4336767 3431967 755880 148920 100 150 403906 764188 542437 323498 3473 3458 3960872 3590455 4482 6374 1762524 525476 641368 1237048 40637934 40946317 672023 1171225 188960 169511 47055555 48212224 222526 282271 352321 273723 292057 29387 978533 1051923 2313847 2728624 4159284 4365928 X 472980 385115 15288253 15079947 27135038 28381234 42896271 43846296 47055555 48212224 X 1489835 -539810 X 0 1 1 X 0 X 3134730 3260795 3551877 3696459 3239485 16883346 3134730 3260795 3551877 3696459 3239485 16883346 3579458 13303888 1344358 1378875 1386181 1419047 2164318 7692779 24576125 2283249 0.54130 0.56330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24 28052 41950 3554575 1 1 33218360 1104892 1383996 1544795 99767 34062686 27802534 1530559 5704204 1507476 311461 33218360 26132066 1378023 2168912 1427607 448860 27802534 31761703 252147 -4257358 1601766 97912 26056814 0.81690 0.18310 0 0 286528 286528 1043057 196747 846310 432939 328729 104210 1237048 ANNUITY PAYABLE 474260 AGENCY ENDOWMENT LIABILITY 1754364 GRANITE EQUITY PARTNERS SUBSCRIPTION PAYABLE 500000 2728624 5826602 4336767 1489835 -539810 -539810 950025 5286792 -539810 -539810 5826602 0 5826602 4336767 0 4336767 0 4336767 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 27453 190TH ST N WARREN MN 56762 411434405 18000 FOR NORTHWESTERN MINNESOTA COMMUNITY BIRDWATCH AURI PO BOX 599 CROOKSTON MN 56716 411635043 9078 FOR INCREASING BIOMASS YIELD AND ECONOMIC EFFICIENCY OF HERBACEOUS ENERGY CROPS IN NW MINNESOTA BAGLEY INDEPENDENT SCHOOL DIST #162 202 BAGLEY AVE N BAGLEY MN 56621 416000640 18469 FOR NORTH PLAYGROUND-BAGLEY ELEMENTARY SCHOOL BEMIDJI AREA RACE RELATIONS PO BOX 2097 BEMIDJI MN 56619 411735007 8333 FOR BARRC/SHARED VISION ALLIANCE BEMIDJI AREA SCHOOLS DIST #31 3300 GILLETTE DR N BEMIDJI MN 56601 416000181 20972 FOR SCHOOL ACTIVITIES EQUIPMENT AND SERVICES CITY OF BEMIDJI 317 4TH ST NW BEMIDJI MN 56601 416004972 10000 FOR BEMIDJI AREA PARKS, TRAILS, AND OPEN SPACES PLAN UPDATE BOYS & GIRLS CLUB OF BEMIDJI PO BOX 191 BEMIDJI MN 56619 810599601 12500 FOR VOLUNTEER PARTNERSHIP PROJECT CLEAR WATERS LIFE CENTER PO BOX 155 CLEARBROOK MN 56634 770643868 13498 FOR CWLC GONVICK COMMUNITY ENGAGEMENT PROJECT CLEARWATER AMBULANCE SERVICE 203 4TH ST NW BAGLEY MN 56621 411266009 11961 FOR ALS EQUIPMENT-VENTILATOR COMMUNITY RESOURCE CONNECTIONS 3124 HANNAH AVE BEMIDJI MN 56601 411782146 24000 FOR BEYOND THE SENIOR ANNUAL CHECK UP COURAGE CENTER DULUTH 424 SUPERIOR ST DULUTH MN 55802 410706118 9000 FOR BEMIDJI ADAPTIVE SKI PROGRAM EASTERN HUBBARD COUNTY FIRE DISTRICT 31557 170TH ST AKELEY MN 56433 411608697 7000 FOR AKELEY CORNER PROJECT CITY OF FERTILE PO BOX 628 FERTILE MN 56540 416005154 7998 FOR KIOSK FERTILE-BELTRAMI PUBLIC SCHOOL DIST #599 PO BOX 648 FERTILE MN 56540 416008457 28929 FOR MARQUEE SIGN JAY FISHER 33163 593RD AVE WARROAD MN 56763 454498501 10000 FOR IDEA AWARD WINNER FOSSTON COMMUNITY LIBRARY & ARTS ASSOC 217 THIRD STREET N FOSSTON MN 56542 411382174 40953 FOR LIBRARY AND ARTS CENTER BUILDING PROJECT GREENBUSH MEDICAL PARK 19120 200TH ST GREENBUSH MN 56726 411804205 10240 FOR ACOUSTIC CEILING AND WALL TILES HEADWATERS REGIONAL DEVELOPMENT COMMISSION PO BOX 906 BEMIDJI MN 56619 410983661 11250 FOR ACTIVE HUBBARD COUNTY HUBBARD COUNTY EDC 301 COURT AVE PARK RAPIDS MN 56470 204208381 10000 FOR OPERATING EXPENSES LAKE OF THE WOODS AREA INDUSTRIAL DEVELOPMENT CORP PO BOX 181 BAUDETTE MN 56623 410988228 47000 FOR BAUDETTE LINEMAN'S SCHOOL LAKE OF THE WOODS SCHOOL DIST #390 PO BOX 310 BAUDETTE MN 56623 410956348 10000 FOR PARK REMODEL LAKE OF THE WOODS SOIL AND WATER CONSERVATION DIST PO BOX 217 BAUDETTE MN 56623 411280033 7500 FOR BOSTIC AND ZIPPEL COMPREHENSIVE WATERSHED ASSESSMENT PROJECT MARK LANDES 2122 ANNE ST NW BEMIDJI MN 56601 273177871 10000 FOR IDEA AWARD WINNER LIFECARE MEDICAL CENTER 715 DELMORE DR ROSEAU MN 56751 411804205 30865 FOR FURNISHINGS-GREENBUSH MEDICAL PARK M STATE 900 HIGHWAY 34 EAST DETROIT LAKES MN 56501 411687554 8634 FOR MISCELLANEOUS EXPENSES CITY OF MAHNOMEN PO BOX 250 MAHNOMEN MN 56557 416005340 5625 FOR CITY OF MAHNOMEN CODIFICATION THE NATURE CONSERVENCY MINNESOTA CHAPTER 1101 W RIVER PKWY MINNEAPOLIS MN 55415 530242654 8333 FOR NORTHWEST MINNESOTA RENEWABLE ENERGY PROJECT THE NATURE CONSERVENCY 532 SUMMIT AVENUE CROOKSTON MN 56716 530242652 8333 FOR BIOMASS AND WASTE TO ENERGY BUSINESS DEVELOPMENT SURVEY NORMAN COUNTY EAST SCHOOL DIST #2215 PO BOX 420 TWIN VALLEY MN 56584 411816469 10820 FOR EAGLE'S NEST PRESCHOOL ADDITIONAL DAY NORTHWEST REGIONAL DEVELOPMENT COMMISSION 115 S MAIN STE 1 WARREN MN 56762 411231594 6250 FOR BEMIDJI PALLIATIVE CARE INITIATIVE NORTHWEST RESEARCH AND OUTREACH CENTER UNIVERSITY OF MN C CROOKSTON MN 56716 416007513 10934 FOR ASSESSMENT OF CATTAIL COVER IN NORTHWEST MINNESOTA AND POTENTIAL FOR BIOENERGY HARVEST AND WETLAND MANAGEMENT PARK RAPIDS SCHOOL DIST #309 301 N HUNTSINGER AVE PARK RAPIDS MN 56470 416001518 12500 FOR PARK RAPIDS COMMUNITY STUDENT SUCCESS INITIATIVE CITY OF PARK RAPIDS 212 2ND ST W PARK RAPIDS MN 56470 416005449 6500 FOR AUGUST 18TH CELEBRATION- 2011 PASSPORT WINNER PREVENT CHILD ABUSE MINNESOTA 709 UNIVERSITY AVE SAINT PAUL MN 55104 411354842 12500 FOR RED LAKE TEEN PARENT SUPPORT RED LAKE BAND OF CHIPPEWA INDIANS PO BOX 550 RED LAKE MN 56671 410692381 20000 FOR 2011 INDIGENOUS GAMES RED LAKE COUNTY SOIL & WATER 2602 WHEAT DR RED LAKE FALLS MN 56750 410859809 6250 FOR RED LAKE COUNTY SWCD CULVERT INVENTORY PROJECT CITY OF ROSEAU PO BOX 307 ROSEAU MN 56751 416005499 9639 FOR GAZEBO PARK PROJECT SANFORD HEALTH FOUNDATION OF NORTHERN MINNESOTA 1300 ANNE ST NW BEMIDJI MN 56601 411389317 6000 FOR DIGITAL MAMMOGRAPHY CITY OF STEPHEN PO BOX 630 STEPHEN MN 56757 416005860 6500 FOR GOLF CART BRIDGE IMPROVEMENT JEFF SULLIVAN 1552 CARR LAKE ROAD SE BEMIDJI MN 56601 412022738 10000 FOR IDEA AWARD WINNER THIEF RIVER FALLS PUBLIC SCHOOLS 101 KNIGHT AVE S THIEF RIVER FALLS MN 56701 416003126 22540 FOR TRF CAREER AND COLLEGE READINESS INITIATIVE TRI-VALLEY OPPORTUNITY COUNCIL INC PO BOX 607 CROOKSTON MN 56716 410888488 12500 FOR FAMILY VOICE & CHOICE NETWORK UNIVERSITY OF MINNESOTA EXTENSION SERVICE 262 OWEN HALL CROOKSTON MN 56716 416007513 6250 FOR ORGANIC FRUIT PRODUCTION IN HIGH TUNNELS IN ZONES 2 AND 3 WARREN SENIOR CENTER 129 W JOHNSON AVE WARREN MN 56762 410872993 8500 FOR COOK STOVE WARROAD ELEMENTARY SCHOOL 510 CEDAR AVE N WARROAD MN 56763 416003720 10000 FOR STUDENT SPONSORSHIP WARROAD SENIOR LIVING CENTER 1401 LAKE ST NW WARROAD MN 56763 411351830 7500 FOR MISSION BENEVOLENCE FUND 43 5 BUSINESS TECHNICAL ASSISTANCE 23 26170 SCHOLARSHIP 151 92250 IDEA AWARD WINNERS 2 20000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -539,810.