2024-04-10T17:59:53-07:00 2023-05-31 911194016 Clark Nuber 10900 NE 4th Street Suite 1400 Bellevue WA 98004 990 2022-06-01 952008029 NORTHWEST UNIVERSITY FOUNDATION NORT 4258228266 PO BOX 579 KIRKLAND WA 980830579 Ryan Porter CFO 4258896310 2024-04-10 1 Ryan Porter 999009999 1 Sarah Huang P00745974 4257096221 2024-04-10 1 11 1 AAL2 2022 2023-04-26 12:10:37Z JUSTIN KAWABORI PO BOX 579 KIRKLAND WA 980830579 8147164 0 X WWW.NORTHWESTU.EDU X 1992 WA SUPPORT FOR HIGHER EDUCATION AT NORTHWEST UNIVERSITY AND ITS STUDENT BODY OF APPROXIMATELY 2,250 26 17 0 19 0 0 398983 100260 0 0 1395596 425390 0 0 1794579 525650 278000 330489 0 0 118226 183276 0 0 300614 101475 171672 497701 685437 1296878 -159787 16453023 15292755 4243576 3671895 12209447 11620860 SUPPORT NORTHWEST UNIVERSITY AND ITS STUDENT BODY OF APPROXIMATELY 2250 STUDENTS. THE CORPORATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF NORTHWEST UNIVERSITY, A WASHINGTON STATE NON-PROFIT CORPORATION. 0 0 330489 330489 0 PROVIDING SUPPORT FOR NORTHWEST UNIVERSITY AND ITS STUDENT BODY OF APPROXIMATELY 2,250 STUDENTS. 0 0 0 330489 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 37 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 26 17 1 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 WA X X RYAN PORTER CFO 4258896310 PO BOX 579 KIRKLAND WA 980830579 JOSEPH CASTLEBERRY PRESIDENT 8 32 X X 0 255851 137482 KEN CORNELL TRUSTEE 1 39 X 0 102511 89191 JUSTIN KAWABORI EXECUTIVE DIRECTOR 8 32 X X 0 62078 74599 ROWLANDA CAWTHON TRUSTEE 1 39 X 0 92980 38360 JOHN JORDAN TRUSTEE 1 39 X 0 40546 83849 RYAN PORTER CFO 8 32 X 0 100688 20187 WILLIAM OWEN TRUSTEE 1 0 X 0 0 0 BARRY HORN CHAIR 2 0 X X 0 0 0 ARLYN NELSON SECRETARY 2 0 X X 0 0 0 NORMA JEAN REECE TREASURER 2 0 X X 0 0 0 TALIA HASTIE VICE CHAIR 2 0 X X 0 0 0 SEMMELLE ABRAHAM TRUSTEE 1 0 X 0 0 0 ZACH ABRAHAM TRUSTEE 1 0 X 0 0 0 CARYL ANDREWS TRUSTEE 1 0 X 0 0 0 JERRY BROWN TRUSTEE 1 0 X 0 0 0 JOHN BUTTERFIELD TRUSTEE 1 0 X 0 0 0 ERIC DRIVDAHL TRUSTEE 1 0 X 0 0 0 BRUCE FRENCH TRUSTEE 1 0 X 0 0 0 SHARI GIRARD TRUSTEE 1 0 X 0 0 0 EVAN KIRKPATRICK TRUSTEE 1 0 X 0 0 0 TIM KNAPP TRUSTEE 1 0 X 0 0 0 KIM MARTIN TRUSTEE 1 0 X 0 0 0 MICHAEL OSKOUIAN TRUSTEE 1 0 X 0 0 0 DANA REKOW TRUSTEE 1 0 X 0 0 0 DAN SCHIMELPFENIG TRUSTEE 1 0 X 0 0 0 TED TERRY TRUSTEE 1 0 X 0 0 0 AMY YATES TRUSTEE 1 0 X 0 0 0 MARLENE OSTROM TRUSTEE 1 0 X 0 0 0 0 654654 443668 0 0 1 0 0 0 0 0 0 0 100260 0 100260 0 675995 0 0 675995 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7370909 0 7621514 0 -250605 0 -250605 0 0 -250605 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 525650 0 0 425390 0 0 330489 330489 0 0 0 0 144808 0 0 144808 0 0 0 0 35671 0 0 35671 0 0 0 0 2797 0 0 2797 0 0 0 0 0 0 0 0 0 0 0 0 10000 0 0 10000 0 0 0 0 0 0 0 0 0 0 3561 0 0 3561 0 0 0 0 142 0 0 142 0 0 0 0 0 0 0 0 0 0 0 0 31807 0 0 31807 0 0 0 0 0 0 0 0 54334 0 54334 0 0 0 0 0 0 0 0 0 0 0 0 0 Trustee Expenses 46744 0 0 46744 Donor Recognition 16315 0 0 16315 8769 0 0 8769 685437 330489 54334 300614 0 0 1396499 1469501 0 0 0 0 0 0 0 0 228209 219215 0 0 0 0 0 0 0 11665300 10759696 0 0 0 3163015 2844343 16453023 15292755 0 0 0 0 0 0 0 0 0 0 320095 320757 0 0 1596760 1367018 2326721 1984120 4243576 3671895 X 3536090 3159547 8673357 8461313 12209447 11620860 16453023 15292755 -159787 -428800 0 0 0 0 X 0 1 X 0 0 X X 1 NORTHWEST UNIVERSITY 910615846 2 1 330489 0 1 330489 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11177252 43692 -395439 219897 36728 0 10568880 11497047 232070 -376001 175864 0 0 11177252 9605775 546001 1524648 179377 0 0 11497047 8986155 610364 195148 185892 0 0 9605775 8629936 534202 -31764 164219 0 0 8968155 0.3 0.57 0.13 0 1 1 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 4305 SPLIT INTEREST AGREEMENTS 2840038 2844343 0 SPLIT INTEREST AGREEMENT OBLIGATIONS 1984120 1984120 35771267 -428800 0 0 35674417 35245617 525650 0 0 0 525650 38410003 0 0 0 37724566 37724566 685437 0 0 0 685437 Schedule D, Part V, Line 4 THE ENDOWMENT IS USED PRIMARILY TO GENERATE REVENUE TO SUPPORT SCHOLARSHIPS FOR STUDENTS TO STUDY AT NORTHWEST UNIVERSITY. OTHER ENDOWMENT FUNDS SUPPORT THE UNIVERSITY DIRECTLY BY ADDING ADDITIONAL REVENUE TO THE UNIVERSITY. Schedule D, Part XI, Line 2d REVENUE REPORTED ON NORTHWEST UNIVERSITY TAX RETURN IS $36,004,906 LESS GRANT EXPENSE RECORDED WITH REVENUE ON AUDITED FINANCIAL STATEMENT OF $330,489. TOTAL TO PART XI, LINE 2D IS $35,674,417. Schedule D, Part XII, Line 2d EXPENSES REPORTED ON NU TAX RETURN ARE $38,055,055 LESS GRANT EXPENSE RECORDED WITH REVENUE ON AUDITED FINANCIAL STATEMENT OF $330,489. TOTAL TO PART XII, LINE 2D IS $37,724,566. 1 SCHOLARSHIPS FOR UNIVERSITY STUDY 116 0 330489 BOOK SCHOLARSHIPS AWARDED TO STUDENTS AT NORTHWEST UNIVERSITY Schedule I, Part I, Line 2 GRANTS ARE AWARDED TO STUDENTS OF NORTHWEST UNIVERSITY WHO MEET THE CRITERIA SET BY STUDENT FINANCIAL SERVICES AND BY SPECIFIC ENDOWMENT CRITERIA. STUDENTS APPLY FOR SCHOLARSHIPS USING FAFSA APPLICATIONS, SPECIFIC CRITERIA ARE APPLIED TO CONFIRM ELIGIBILITY AND TO ASSURE FAIRNESS TO ALL APPLICANTS. X 1 1 0 0 0 0 0 0 0 0 0 JOSEPH CASTLEBERRY PRESIDENT 0 255046 0 0 0 805 0 16454 0 121028 0 393333 0 0 KEN CORNELL TRUSTEE 0 102511 0 0 0 0 0 9153 0 80039 0 191703 0 0 Schedule J, Part I, Line 1a MINISTER'S PARSONAGE ALLOWANCE WAS PAID IN CASH TO THE EXECUTIVE DIRECTOR OF NORTHWEST UNIVERSITY FOUNDATION. THIS AMOUNT IS CONSIDERED NON-TAXABLE COMPENSATION SINCE THE PAYMENTS MEET THE CRITERIA UNDER IRC SECTION 107. DAN SCHIMELPFENIG SEE PART V SEE PART V X 270491 289795 0 0 1 MARK SCHIMELPFENIG SEE PART V SEE PART V X 1177 1757 0 0 1 MARK SCHIMELPFENIG SEE PART V SEE PART V X 1313 1647 0 0 1 MARK SCHIMELPFENIG SEE PART V SEE PART V X 16043 22172 0 0 1 MISCHELLE SCHIMELPFENIG SEE PART V SEE PART V X 14308 5386 0 0 1 320757 Schedule L, Part II (A) NAME OF PERSON: DAN SCHIMELPFENIG (B) RELATIONSHIP WITH ORGANIZATION: BOARD MEMBER OF NORTHWEST UNIVERSITY FOUNDATION (C) PURPOSE OF LOAN: GENERAL OPERATIONS (A) NAME OF PERSON: MARK SCHIMELPFENIG (B) RELATIONSHIP WITH ORGANIZATION: RELATIVE OF BOARD MEMBER OF THE NORTHWEST UNIVERSITY FOUNDATION (C) PUPOSE OF LOAN: GENERAL OPERATIONS. (A) NAME OF PERSON: MISCHELLE SCHIMELPFENIG (B) RELATIONSHIP WITH ORGANIZATION: RELATIVE OF BOARD MEMBER OF THE NORTHWEST UNIVERSITY FOUNDATION (C) PURPOSE OF LOAN: GENERAL OPERATIONS. Form 990, Part I, Line 6 THERE WERE 19 VOLUNTEER BOARD MEMBERS DURING THE YEAR. Form 990, Part VI, Section A, Line 2 JOSEPH CASTLEBERRY, JUSTIN KAWABORI, JOHN JORDAN, ROWLANDA CAWTHON, KEN CORNELL, AND RYAN PORTER HAVE A BUSINESS RELATIONSHIP WITH DAN SCHIMELPFENIG AND BARRY HORN. SEMMELLE ABRAHAM AND ZACH ABRAHAM ARE MARRIED TO EACH OTHER AND THEREFORE HAVE A FAMILY RELATIONSHIP. Form 990, Part VI, Section A, Line 7a BOARD MEMBERS OF NORTHWEST UNIVERSITY FOUNDATION ARE ELECTED BY MAJORITY VOTE OF THE BOARD OF DIRECTORS OF NORTHWEST UNIVERSITY. ADDITIONALLY, THE EXECUTIVE DIRECTOR SHALL BE APPOINTED OFFICER BY THE BOARD OF DIRECTORS OF NORTHWEST UNIVERSITY AND SHALL BE A MEMBER OF THE BOARD OF TRUSTEES FOR THE FOUNDATION. Form 990, Part VI, Section A, Line 7b ANY CHANGES TO THE ARTICLES OF INCORPORATION OR BYLAWS MUST BE APPROVED BY THE BOARD OF DIRECTORS ON NORTHWEST UNIVERSITY. ADDITIONALLY, ANY PROPERTY HELD BY THE FOUNDATION AND SUBSEQUENTLY DISPOSED OF MUST BE APPROVED BY THE NORTHWEST UNIVERSITY BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 11b THE FORM 990 AND RELATED SCHEDULES ARE PREPARED BY ACCOUNTANTS AT NORTHWEST UNIVERSITY. THE RETURN IS INTERNALLY REVIEWED AND THEN SUBMITTED TO A THIRD PARTY CPA FOR REVIEW. AN UPDATED PUBLIC DISCLOSURE COPY IS DISTRIBUTED TO EACH MEMBER OF THE BOARD FOR REVIEW. AFTER THE COMMENTS FROM BOARD MEMBERS ARE ADDRESSED AND ANY CORRECTIONS ARE MADE, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY APPLIES TO OFFICERS, DIRECTORS, TRUSTEES, AND MANAGEMENT EMPLOYEES. CONFLICTS AND POTENTIAL CONFLICTS ARE COMMUNICATED TO THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE OF THE BOARD AS THEY ARISE. THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE DETERMINE WHETHER OR NOT AN ACTUAL CONFLICT OF INTEREST EXISTS. IF AN ACTUAL CONFLICT IS DEEMED TO EXIST, THE BOARD WILL DETERMINE THE APPROPRIATE RESPONSE THAT RESULTS IN THE BEST INTEREST FOR NORTHWEST UNIVERSITY FOUNDATION. THE FOLLOWING ARE THE RESTRICTIONS IMPOSED ON INDIVIDUALS FOR WHOM A CONFLICT EXISTS: THEY ARE REQUIRED TO RECUSE THEMSELVES FROM ALL VOTING AND OTHER DECISION MAKING WITH REGARD TO THE TRANSACTION FOR WHICH THE CONFLICT EXISTS. Form 990, Part VI, Section B, Line 15 THE EXECUTIVE COMMITTEE OF NORTHWEST UNIVERSITY'S BOARD REVIEWS ALL COMPENSATION AFTER SALARIES HAVE FIRST BEEN REVIEWED BY THE COMPENSATION COMMITTEE. THE CUPA SALARY SURVEY IS USED AS A COMPARATIVE SOURCE FOR REASONABLENESS AND SALARIES ARE REVIEWED YEARLY. Form 990, Part VI, Section C, Line 19 OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THESE REQUESTS ARE MADE TO THE FOUNDATION'S EXECUTIVE DIRECTOR'S OFFICE. WHEN REQUESTS ARE RECEIVED, WE PROVIDE COPIES AS REQUESTED. THIS MIGHT BE IN PAPER OR ELECTRONIC FORMAT. NORTHWEST UNIVERSITY 5520 108TH AVE NE PO BOX 579 KIRKLAND WA 98083 910615846 POST-SECONDARY EDUCATION WA 501 (C) (3) LINE 2 N/A 0 CHARITABLE REMAINDER TRUSTS (10) PO BOX 579 KIRKLAND WA 98083 INVESTMENT WA N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0