2013-12-18T09:39:33-06:00 2013-06-30 411281737 MILLER MCDONALD ERICKSON & MOLLER LTD PO BOX 486 BEMIDJI MN 566190486 990 2012-07-01 411556013 NORTHWEST MINNESOTA FOUNDATION NORT 2187592057 201 3RD ST NW BEMIDJI MN 56601 NANCY VYSKOCIL 2187592057 2013-12-18 1 JEFF HAUKEBO P00055507 2187516300 2012 2016-02-25 16:41:14Z NANCY VYSKOCIL 201 3RD ST NW BEMIDJI MN 56601 14501654 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 3239485 4303938 422799 372993 2164318 1991869 0 0 5826602 6668800 1788505 1697128 0 0 1481314 1396185 0 0 140443 1066948 1316615 4336767 4409928 1489835 2258872 48212224 53461348 4365928 5136570 43846296 48324778 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 3462615 1697128 372993 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 $452,807 WAS SPENT FOR TRAINING AND EDUCATION IN FY 2013 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 2012 WITH 123 PARTICIPANTS. THE RETREAT PARTICIPANTS RETURNED IN THE WINTER FOR TWO TWO-DAY, ONE-NIGHT SESSIONS. A SERIES OF FIFTEEN WORKSHOPS FOR NON-PROFIT MIDDLE-MANAGEMENT AND ABOVE WERE DELIVERED. OVERALL, THERE WERE 340 PARTICIPANTS. TWO ORGANIZATIONAL ASSESSMENTS WERE CONDUCTED THAT WILL ALLOW THESE PARTICIPATING ORGANIZATIONS TO ACCESS TECHNICAL ASSISTANCE GRANTS. AN ADDITIONAL TWELVE NON-PROFITS RECEIVED TECHNICAL ASSISTANCE. LEADERIMPACT TRAINING WAS DELIVERED TO NINETEEN PARTICIPANTS IN FY 2013. THIS REPRESENTS ONE PROGRAM CONSISTING OF TWO RETREATS SEPARATED BY THREE MONTHS DURING WHICH EACH PARTICIPANT RECEIVES PROFESSIONAL COACHING. FORTY-FIVE 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 $1,244,318 WAS AWARDED FOR GRANT PROGRAMS IN FY 2013 AND INCLUDED THE FOLLOWING: FOUR GRANTS TOTALING $7,875 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. ONE GRANT TOTALING $19,000 FOR RESEARCH AND TWO GRANTS TOTALING $27,500 FOR PROMOTION AND PRESERVATION WERE AWARDED UNDER THIS PROGRAM. FOURTEEN GRANTS TOTALING $211,357 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 380 COMPONENT FUNDS UNDER THIS PROGRAM. A TOTAL OF 344 GRANTS AND SCHOLARSHIPS TOTALING $750,640 WERE AWARDED IN FY 2013. TWO GRANTS TOTALING $20,000 WERE AWARDED FOR THE DEVELOPMENT AND IMPLEMENTATION OF PLANS TO MANAGE GROWTH AND CONTROL DEVELOPMENT WITHIN COMMUNITIES. TWELVE GRANTS TOTALING $144,814 WERE AWARDED TO LOCAL GOVERNMENTS FOR COMMUNITY AND ECONOMIC DEVELOPMENT. THREE GRANTS TOTALING $45,000 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. SEVEN GRANTS TOTALING $43,000 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 $2,000 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 $26,868 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.TWENTY-SEVEN LOANS WERE FUNDED UNDER THE BUSINESS DEVELOPMENT PROGRAMS IN FY 2013 AND INCLUDED THE FOLLOWING: SMALL BUSINESS LOANS ARE AVAILABLE FOR ENTREPRENEURS WHO HAVE EXPERIENCE, EXPERTISE AND A WELL-DEVELOPED BUSINESS PLAN. TWENTY LOANS TOTALING $366,803 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 $1,230,000 WERE FUNDED UNDER THIS PROGRAM. D) ADMINISTRATIVE EXPENSESTHE FOUNDATION INCURRED $1,765,490 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. 3462615 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 71 0 1 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 JON LINNELL 3.00 X 0 0 900 TOM ANDERSON 3.00 X 0 0 0 PETE HADDELAND 3.00 X 0 0 50 JON QUISTGAARD 3.00 X 0 0 0 JODY HORNTVEDT 3.00 X 0 0 0 LEAH PIGATTI 3.00 X 0 0 0 CATHY FORGIT 3.00 X 0 0 0 KRISTIN EGGERLING 3.00 X 0 0 0 BOB HAGER 3.00 X 0 0 0 FAYE AUCHENPAUGH 3.00 X 0 0 0 LAURIE WILSON 3.00 X 0 0 0 JUDY ROY 3.00 X 0 0 0 NANCY VYSKOCIL 40.00 X X X 126990 0 18111 126990 0 19061 1 0 0 0 COMPASS CAPITAL MANAGEMENT INC SUITE 400 BAKER BUILDING 706 SECO MINNEAPOLIS MN 55402 INVESTMENT MANAGEMENT 117502 1 102681 4201257 4303938 INTEREST REVENUE-LOANS 900099 187322 187322 PARTICIPATION FEES 900099 170218 170218 LOAN APPLICATION FEES 900099 15453 15453 372993 1066899 1066899 8757824 7832829 25 924995 -25 924970 924970 6668800 372993 0 1991869 X 1524246 1524246 172882 172882 1087747 608999 419176 59572 308438 172982 116599 18857 6000 6000 10250 10250 198393 192172 6221 459913 437137 9718 13058 24978 120 22081 2777 117325 46000 64173 7152 23694 13015 10515 164 101788 45217 34813 21758 27244 19776 7468 72566 44082 28484 9742 3124 6618 LOAN LOSS PROVISION 139114 139114 MISCELLANEOUS 71985 25663 33750 12572 MAINTENANCE AND REPAIR 44996 24267 20628 101 EDUCATION 23863 12486 8322 3055 -15236 -24667 8054 1377 4409928 3462615 806870 140443 150 150 764188 713685 323498 290169 3458 3517 3590455 3970821 6374 12399 3459365 594981 1237048 2864384 40946317 44252983 1171225 1191818 169511 161422 48212224 53461348 282271 227201 273723 322682 29387 1747 1051923 2174287 2728624 2410653 4365928 5136570 X 385115 424628 15079947 17323114 28381234 30577036 43846296 48324778 48212224 53461348 2258872 2219610 0 X 0 1 X 1 0 X 3260795 3551877 3696459 3239485 4303938 18052554 3260795 3551877 3696459 3239485 4303938 18052554 2747395 15305159 1378875 1386181 1419047 2164318 1991869 8340290 26392844 2194303 0.57990 0.54130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24 101684 29050 3313804 1 1 34062686 2223180 4057003 1629303 -33021 38746587 33218360 1104892 1383996 1544795 99767 34062686 27802534 1530559 5704204 1507476 311461 33218360 26132066 1378023 2168912 1427607 448860 27802534 31761703 252147 -4257358 1601766 97912 26056814 0.78920 0.21080 0 0 283017 283017 2655621 224140 2431481 520727 370841 149886 2864384 ANNUITY PAYABLE 455840 AGENCY ENDOWMENT LIABILITY 1604813 GRANITE EQUITY PARTNERS SUBSCRIPTION PAYABLE 350000 2410653 8888410 2219610 2219610 6668800 0 6668800 4409928 0 4409928 0 4409928 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 ADULT DAY CARE SERVICES INC 620 CARR LAKE RD BEMIDJI MN 56601 431960840 12500 FOR HEALTH & QUALITY ASSURANCE IMPLEMENTATION AGASSIZ AUDUBON SOCIETY 27391 190TH ST NW WARREN MN 56762 411434405 11200 FOR AUDUBON COMMUNITY BIRDWATCH PROJECT CITY OF ARGYLE PO BOX 288 ARGYLE MN 56713 416004940 5875 FOR AREDA GAZEBO SIDEWALK REPLACEMENT BADGER AREA ARENA ASSOCIATION PO BOX 154 BADGER MN 56714 743073732 33720 FOR ARENA BEMIDJI AREA SCHOOLS DIST #31 502 MINNESOTA AVE BEMIDJI MN 56601 416000181 30344 FOR SCHOOL ACTIVITIES EQUIPMENT AND SERVICES BEMIDJI STATE UNIVERSITY 1500 BIRCHMONT DR BEMIDJI MN 56601 411687554 24639 FOR DIRECT DIGITAL MANUFACTURING PLANNING PROJECT BRIAN R BERDAHL 208 RIVER ST NE RED LAKE FALLS MN 56750 455617756 10000 FOR IDEA WINNER AWARD CITY OF BLACKDUCK PO BOX 380 BLACKDUCK MN 56630 416004988 10000 FOR BLACKDUCK BEAUTIFUL BOYS & GIRLS CLUB OF BEMIDJI AREA PO BOX 191 BEMIDJI MN 56619 810599601 6250 FOR VOLUNTEER PARTNERSHIP PROJECT BRIDGES MEDICAL CENTER 201 9TH ST W ADA MN 56510 200479568 10000 FOR TWIN VALLEY COMMUNITY WELLNESS CENTER PLANNING PROJECT JACK V LUNDBOHM 317 2ND ST NW ROSEAU MN 56751 422672792 10000 FOR IDEA WINNER AWARD MCINTOSH HERITAGE & ARTS CENTER PO BOX 3 MCINTOSH MN 56556 273774972 6000 FOR MCINTOSH HISTORIC SCHOOL REUTILIZATION INITIATIVE THE NATURE CONSERVANCY MINNESOTA CHAPTER 1101 W RIVER PKWY MINNEAPOLIS MN 55415 530242654 16667 FOR NORTHWEST MINNESOTA RENEWABLE ENERGY PROJECT NAYTAHWAUSH COMMUNITY CHARTER SCHOOL DIST #4155 PO BOX 9 NAYTAHWAUSH MN 56566 202309944 25000 FOR MAHNOMEN/NAYTAHWAUSH 6TH-7TH TRANSITION INITIATIVE NORTHERN DENTAL ACCESS CENTER PO BOX 279 BEMIDJI MN 56601 841711812 10500 FOR ORAL HEALTH PREVENTION SERVICE EXPANSION TO NW MN COMMUNITIES NORTHWEST COMMUNITY ACTION INC PO BOX 67 BADGER MN 56714 410888567 10000 FOR KARLSTAD DISASTER ASSISTANCE NORTHWEST PRIVATE INDUSTRY COUNCIL 220 PENNINGTON AVE THIEF RIVER FALLS MN 56701 363469532 7000 FOR NORTHERN VALLEY CAREER EXPO NORTHWEST REGIONAL DEVELOPMENT COMMISSION 115 S MAIN STE 1 WARREN MN 56762 411231594 12500 FOR BEMIDJI PALLIATIVE CARE INITIATIVE NORTHWEST REGIONAL SUSTAINABLE DEV PARTNERSHIP 510 COUNTY ROAD 71 CROOKSTON MN 56716 416007513 12500 FOR A SOCIAL SCIENCE ASSESSMENT OF CONSERVATION PRACTICES IN THE RED NORTHWEST RESEARCH AND OUTREACH CENTER BIOENERGY UNIVERSITY OF MINNESOTA CROOKSTON MN 56716 416007513 10934 FOR ASSESSMENT OF CATTAIL COVER IN NORTHWEST MINNESOTA AND POTENTIAL FOR HARVEST AND WETLAND MANAGEMENT NORTHWEST SERVICE COOPERATIVE 114 1ST ST THIEF RIVER FALLS MN 56701 363138464 12500 FOR SECONDARY SCHOOL REFORM IN NORTHERN MINNESOTA THROUGH REFLECTIVE PROFESSIONAL DEVELOPMENT CITY OF STEPHEN PO BOX 630 STEPHEN MN 56757 416005860 6500 FOR DONATIONS TOWARDS NEW FIRE TRUCK STEPHEN-ARGYLE SCHOOLS ISD #2856 PO BOX 279 ARGYLE MN 56713 411843125 7000 FOR DOLLY PARTON IMAGINARY LIBRARY TRI-VALLEY OPPORTUNITY COUNCIL INC PO BOX 607 CROOKSTON MN 56716 410888488 6250 FOR FAMILY VOICE & CHOICE NETWORK UNIVERSITY OF MINNESOTA-CROOKSTON 107A SELVIG HALL CROOKSTON MN 56716 416077513 25000 FOR COLLEGE AND CAREER PREPARATION 101 VILLAGE OF HOPE PO BOX 1035 BEMIDJI MN 56619 363418205 7500 FOR TRAUMA SERVICES WARREN SENIOR CENTER 129 W JOHNSON AVE WARREN MN 56762 410872993 6378 FOR EQUIPMENT ACQUISITIONS AND REPAIRS WARROAD INDEPENDENT SCHOOL DIST #690 510 CEDAR AVE NW WARROAD MN 56763 416003720 45000 FOR POOL RENOVATION/SWIM PROGRAM SUPPORT WARROAD MEMORIAL ARENA ASSOCIATION PO BOX 9 WARROAD MN 56763 363310495 33000 FOR COMPRESSOR REPLACEMENT AND PLEXIGLASS REPLACEMENT CITY OF OSLO PO BOX 187 OSLO MN 56744 416008886 7500 FOR COMPREHENSIVE PLAN AND ZONING ORDINANCE PARK RAPIDS COMMUNITY DEVELOPMENT CORPORATION PO BOX 411 PARK RAPIDS MN 56470 452181580 11488 FOR UPPER MISSISSIPPI CENTER FOR THE ARTS PLANNING PROCESS PEACEMAKER RESOURCES 3124 HANNAH AVENUE BEMIDJI MN 56601 450507287 11500 PHASE ONE: SCIENTIFIC EVALUATION OF THE STAR PROGRAM POLK COUNTY DAC 515 5TH AVE S CROOKSTON MN 56716 410884441 10000 FOR MULTI SENSORY ENVIRONMENT POLK COUNTY PUBLIC HEALTH C/O GINA GUNDERSON CROOKSTON MN 56716 416005869 7000 FOR CASTLE PARK NATURE BASED PLAY SPACE PREVENT CHILD ABUSE MINNESOTA 709 UNIVERSITY AVE W 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 33000 FOR WARRIOR CHALLENGE RED LAKE FALLS SCHOOL DIST #630 PO BOX 399 RED LAKE FALLS MN 56750 416003461 10233 FOR CLASSROOM INSTRUCTION EQUIPMENT ROSEAU COUNTY HISTORICAL SOCIETY 121 CENTER ST E STE ROSEAU MN 56751 237120887 10000 FOR PINECREEK LOG CHURCH RESTORATION PROJECT SANFORD HEALTH FOUNDATION OF NORTHERN MINNESOTA 1300 ANNE ST NW BEMIDJI MN 56601 411389317 6000 FOR TOGETHER FOR LIFE CLEARWATER COUNTY 213 MAIN AVE N BAGLEY MN 56621 416005779 11461 FOR HOSPICE ROOM CLEARWATER COUNTY HOSPICE INC 213 MAIN AVE N BAGLEY MN 56621 416005779 55740 FOR HOSPICE CLINICAL SOFTWARE, FUNDRAISING, AND WORKSHOP CITY OF CROOKSTON 124 N BROADWAY CROOKSTON MN 56716 416005076 17629 FOR GOLF SIMULATOR EVERGREEN YOUTH & FAMILY SERVICES INC PO BOX 662 BEMIDJI MN 56619 411297737 6250 FOR DEVELOPMENT OF A HOUSING SPECIALIST POSITION CITY OF FERTILE PO BOX 628 FERTILE MN 56540 416005154 5925 FOR SIGN GREATER BEMIDJI PO BOX 602 BEMIDJI MN 56619 363367707 16500 FOR GREATER BEMIDJI AREA BRANDING STRATEGY HEADWATERS ANIMAL SHELTER PO BOX 573 PARK RAPIDS MN 56470 311610621 10000 FOR GENERAL MAINTENANCE HEADWATERS REGIONAL DEVELOPMENT COMMISSION PO BOX 906 BEMIDJI MN 56619 410983661 12500 FOR CREATING A SUSTAINABLE EDUCATION MOVEMENT: IMPACT 2020 EDUCATION HUBBARD COUNTY EDC 301 COURT AVE PARK RAPIDS MN 56470 204208381 10000 FOR OPERATING EXPENSES LAKE OF THE WOODS HUMANE SOCIETY PO BOX 1103 BAUDETTE MN 56623 411941034 10000 FOR SPAY AND NEUTERING EXPENSES LIVING AT HOME- PARK RAPIDS PO BOX 465 PARK RAPIDS MN 56470 411968154 6250 FOR GERIATRIC CARE MANAGEMENT 48 2 BUSINESS TECHNICAL ASSISTANCE 4 7875 SCHOLARSHIP 135 88425 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. X 3 50532 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. OTHER FEES FORM 990, PART IX, LINE 11G MISCELLANEOUS: PROGRAM SERVICE EXPENSES 437,137. MANAGEMENT AND GENERAL EXPENSES 9,718. FUNDRAISING EXPENSES 13,058. TOTAL EXPENSES 459,913.