2012-05-11T10:42:26-05:00 2011-06-30 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2010-07-01 382376475 NORTHWESTERN MICHIGAN COLLEGE FOUNDATION NORT 2319951144 1701 EAST FRONT STREET TRAVERSE CITY MI 49686 REBECCA TEAHEN 2319951144 2012-05-01 1 VICKI L VANDENBERG CPA 2695674500 2010 2016-02-24 21:20:13Z REBECCA TEAHEN 1701 EAST FRONT STREET TRAVERSE CITY MI 49686 4675962 0 X HTTP://WWW.NMC.EDU/FOUNDATION/ X 1981 MI TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE. 38 33 0 627 0 0 1656783 1277975 0 0 209162 3141958 137138 125414 2003083 4545347 1871303 1460307 0 0 0 0 0 0 130596 289968 315046 2161271 1775353 -158188 2769994 24971791 29885179 459420 605714 24512371 29279465 X "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 1487721 1460307 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. 1487721 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 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 1 1 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 1 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 VICKI COOK 2319951144 1701 E FRONT STREET TRAVERSE CITY MI 49686 X MR BRUCE L BYL 3.00 X X 0 0 0 MR CHRISTOPHER E BRANSON 3.00 X X 0 0 0 MR TIMOTHY J NELSON 3.00 X X 0 219415 47623 MR JAMES J BECKETT 3.00 X X 0 0 0 MR MARK A LUNDMARK 3.00 X X 0 0 0 KATHLEEN GUY 3.00 X X 0 118307 42246 MS BONNIE S ALFONSO 1.00 X 0 0 0 MR MICHAEL A ASCIONE 1.00 X 0 0 0 MR BRET G BELL 1.00 X 0 0 0 MRS BARBARA S BENSON 1.00 X 0 0 0 MR DOUGLAS S BISHOP 1.00 X 0 0 0 MR J KERMIT CAMPBELL 1.00 X 0 0 0 MR MELVIN R COOKE JR 1.00 X 0 0 0 MS MARY JO ELLIOTT 1.00 X 0 79756 27907 MR STEPHEN M FISHER 1.00 X 0 0 0 MR FRANCIS J GINGRAS 1.00 X 0 0 0 DR DON A GOOD 1.00 X 0 0 0 MS CHERYL GORE FOLLETTE 1.00 X 0 0 0 MR DAVID L GRAY 1.00 X 0 0 0 MS KIM HAGERTY 1.00 X 0 0 0 MR JAMES W HOOK 1.00 X 0 0 0 MR RANDALL J KIESSEL 1.00 X 0 0 0 MR GARY W KLOTZBACH 1.00 X 0 83849 34268 MRS TERRY LOBDELL 1.00 X 0 0 0 MR TERENCE MALONE 1.00 X 0 0 0 MR BILL MARSH JR 1.00 X 0 0 0 MR PAUL W MAURER 1.00 X 0 0 0 MRS DIANA MILOCK 1.00 X 0 0 0 DR JAYNE H MOHR 1.00 X 0 0 0 MRS GAIL M NUGENT 1.00 X 0 0 0 MR JOHN E PELIZZARI 1.00 X 0 0 0 MR HARLAN W PETERSON 1.00 X 0 0 0 MR RICHARD L REDMOND 1.00 X 0 0 0 MR ARTHUR M SCHMUCKAL 1.00 X 0 0 0 MS JULIETTE SCHULTZ 1.00 X 0 0 0 MRS SUSAN K SHELDON 1.00 X 0 0 0 MRS BARBARA A SMITH 1.00 X 0 0 0 MRS WENDY H STEELE 1.00 X 0 0 0 MRS MARTHA A WATTS 1.00 X 0 0 0 MR TIMOTHY F YOUNG 1.00 X 0 0 0 MR GEORGE ANDERSON 1.00 X 0 0 0 MR JOHN DANCER 1.00 X 0 0 0 MR ROBERT BRICK 1.00 X 0 0 0 MR THOMAS JONES 1.00 X 0 0 0 0 501327 152044 0 0 1 0 0 33596 1244379 138670 1277975 565112 565112 2576846 2576846 2576846 2576846 222520 33596 114086 108434 108434 33509 16529 16980 16980 4545347 0 0 3267372 1460307 1460307 120876 120876 34450 34450 1710 1710 11409 11409 FUNDRAISING EXPENSES 130596 130596 SALES TAX 8266 8266 BAD DEBT 7739 7739 1775353 1487721 157036 130596 1134595 451927 432635 369641 108871 60671 27706 11900 11900 11900 22760290 28488231 246940 295310 215889 240464 24971791 29885179 81492 140890 327917 385099 50011 79725 459420 605714 X 2526945 3559196 12366429 15978806 9618997 9741463 24512371 29279465 24971791 29885179 X 2769994 1997100 X X 0 1 1 X 0 X X X 0 0 0 NORTHWESTERN MICHIGAN COLLEGE 386027348 115 1 1 1 1460307 1 1460307 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11060829 421732 2316527 259757 13539331 9717869 392005 950955 11060829 11723068 157814 -1761199 402377 -563 9717869 0.07460 0.71950 0.20590 0 0 11900 11900 11900 4545347 1775353 2769994 1970159 26941 1997100 4767094 6673062 1970159 157556 2127715 4545347 0 4545347 1905968 130615 130615 1775353 0 1775353 PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 50,812. CHANGE IN FAIR VALUE OF PLEDGES RECEIVABLE -23,871. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 50,812. SPECIAL EVENT EXPENSES NETTED WITH REVENUE 114,086. CHANGE IN FAIR VALUE OF PLEDGES RECEIVABLE -23,871. GAMING EXPENSE NETTED WITH REVENUE 16,529. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE 114,086. GAMING EXPENSE NETTED WITH REVENUE 16,529. BARBECUE 91347 91347 46301 GOLF OUTING 86142 9516 76626 9516 24074 3 77120 24080 53040 24080 10115 254609 33596 221013 33596 80490 114086 106927 33509 15693 836 1 1.00000 33509 15693 836 16529 16980 MI 1 0 1 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 1 NORTHWESTERN MICHIGAN COLLEGE (OTHER AWARDS & PROGRAMS) 1701 E FRONT STREET TRAVERSE CITY MI 49686 386027348 GOVERNMENTAL 1460307 0 N/A N/A OTHER AWARDS & PROGRAMS 1 0 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 MR TIMOTHY J NELSON 0 219415 0 0 0 0 0 24203 0 23420 0 267038 0 0 KATHLEEN GUY 0 118307 0 0 0 0 0 20445 0 21801 0 160553 0 0 X 3 40800 DONOR APPRAISAL X 4 7375 FMV X 8 40001 FMV X MISCELLANEOUS 5 16898 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 PRESENTED AT A REGULARLY SCHEDULED MEETING FOR REVIEW AND DISCUSSION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY 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 ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY. IF A CONFLICT ARISES, THE BOARD MEMBER DOES NOT VOTE ON THE PROPOSAL. FORM 990, PART VI, LINE 15: 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. FORM 990, PART VII: INDIVIDUALS COMPENSATED BY A RELATED ORGANIZATION WORKED AN AVERAGE OF AT LEAST 40 HOURS PER WEEK AT THAT ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,970,159. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 50,812. CHANGE IN FAIR VALUE OF PLEDGES RECEIVABLE -23,871. TOTAL TO FORM 990, PART XI, LINE 5: 1,997,100. FORM 990, PART XII, LINE 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 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 NORTHWESTERN MICHIGAN COLLEGE B 1460307 CASH NORTHWESTERN MICHIGAN COLLEGE O 227615 CASH