2013-03-07T15:36:04-06:00 2012-06-30 383635706 REHMANN ROBSON MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2011-07-01 382376475 NORTHWESTERN MICHIGAN COLLEGE FOUNDATION NORT 2319951144 1701 EAST FRONT STREET TRAVERSE CITY MI 49686 REBECCA TEAHEN 2319951144 2013-02-23 1 KERRY J NELSON CPA P00932757 2319463230 2013-02-23 2011 2016-03-07 17:11:31Z REBECCA TEAHEN 1701 EAST FRONT STREET TRAVERSE CITY MI 49686 8651561 0 X WWW.NMC.EDU/FOUNDATION X 1981 MI TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE. 38 34 0 630 0 0 1277975 1281535 0 0 3141958 400351 125414 65768 4545347 1747654 1460307 1390015 0 0 0 0 0 0 230917 315046 407744 1775353 1797759 2769994 -50105 29885179 29556269 605714 519739 29279465 29036530 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 1418724 1390015 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. 1418724 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 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 38 34 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 225003 44149 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 77524 29411 BONNIE ALFONSO 1.00 X 0 0 0 MICHAEL A ASCIONE 1.00 X 0 0 0 BRET BELL 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 0 0 0 J KERMIT CAMPBELL 1.00 X 0 0 0 MCKENZIE 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 ARTHUR M SCHMUCKAL 1.00 X 0 0 0 JULIETTE SCHULTZ 1.00 X 0 0 0 SUSAN K SHELDON 1.00 X 0 0 0 BARBARA A SMITH 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 0 79524 24977 GARY W KLOTZBACH 1.00 X 0 82003 37065 0 464054 135602 0 0 1 0 0 22806 1258729 60244 1281535 652855 652855 6538766 6791270 -252504 -252504 -252504 158925 22806 96099 62826 62826 19480 16538 2942 2942 1747654 0 0 466119 1390015 1390015 97971 97971 44212 44212 5935 5935 15206 15206 FUNDRAISING 230917 230917 BAD DEBT 9735 9735 SALES TAX 3768 3768 1797759 1418724 148118 230917 451927 571788 369641 373085 27706 22127 11900 11900 11900 28488231 28318983 295310 240464 258386 29885179 29556269 140890 131449 385099 324699 79725 63591 605714 519739 X 3559196 3337352 15978806 15774612 9741463 9924566 29279465 29036530 29885179 29556269 X -50105 -192830 X X 0 1 1 X 0 X X X 0 0 0 NORTHWESTERN MICHIGAN COLLEGE 386027348 115 1 1 1 1390015 1 1390015 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13296540 180504 112496 284855 -5680 13310365 11060829 122466 2316527 203282 13296540 9717869 392005 950955 11060829 11723068 157814 -1761199 402377 -563 9717869 0.05760 0.74560 0.19680 0 0 11900 11900 11900 1747654 1797759 -50105 -165981 -26849 -192830 -242935 1690268 -165981 108595 -57386 1747654 0 1747654 1933202 135443 135443 1797759 0 1797759 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -26,849. PART XII, LINE 2D OTHER ADJUSTMENTS INCLUDE: SPECIAL EVENT EXPENSES NETTED WITH REVENUE 96,099 FUNDRAISING GIFTS IN KIND 22,806 GAMING EXPENSES NETTED WITH REVENUE 16,538 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (26,848) TOTAL 108,595 PART XIII, LINE 2D OTHER ADJUSTMENTS INCLUDE: FUNDRAISING EXPENSES 96,099 FUNDRAISING GIFTS IN KIND 22,806 GAMING EXPENSES NETTED WITH REVENUE 16,538 TOTAL 135,443 BARBEQUE 63984 443 63541 443 46887 TASTER'S GUILD 67185 9676 57509 9676 13483 3 50562 12687 37875 12687 35729 181731 22806 158925 22806 96099 118905 40020 19480 15104 1434 1 1.00000 19480 15104 1434 16538 2942 MI 1 0 0 0 0.60000 0.40000 JAN NEUMANN 1701 EAST FRONT STREET TRAVERSE CITY MI 49686 0 JAN NEUMANN RECORD KEEPING, MONEY COUNTING, AND MAKING THE BANK DEPOSITS FOR THE GAMING OPERATION. X 0 0 NORTHWESTERN MICHIGAN COLLEGE 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 GOVERNMENTAL 1390015 TO PROVIDE AWARDS AND SUPPORT FOR VARIOUS PROGRAMS 1 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 225003 0 0 0 0 0 33477 0 10672 0 269152 0 0 X 1 37746 FMV X MISCELLANEOUS 1 22498 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -165,981. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -26,849. TOTAL TO FORM 990, PART XI, LINE 5: -192,830. 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 1 1 1 1 0 1 0 NORTHWESTERN MICHIGAN COLLEGE B 1390015 CASH NORTHWESTERN MICHIGAN COLLEGE O 230917 CASH