Northwestern Foundation FY2020 filing

St Paul, MNUnknown exempt organization EIN 41-1878924Revenue $510K in FY2020Latest return filed May 8, 2024

On file with the IRSSt Paul, MN

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Secure, receive, and manage gifts on behalf of the university nw - st. Paul and other charities.

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $1.2M a year · 205% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Plus $5.1M in investments, Pt X · Ln 11–13
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $186K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$510K
Spent
$662K
To programs
81%
Net assets
$4.8M
By yearFY2020–FY2023
Revenue
$510K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$510K
FY2021$670K
FY2022$1.0M
FY2023$206K
FY2023$0
Expenses
$662K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$662K
FY2021$342K
FY2022$375K
FY2023$6.0M
FY2023$0
Net assets
$4.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$6.2M
FY2022$5.5M
FY2023$0
FY2023$0

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $535K Management & general 18% · $119K Fundraising 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Northwestern Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Receives and manages gifts for the University NW and other charities.

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1 program · $535K · in their own filed words · FY2019
01

To secure, receive and manage planned gifts on behalf of public charities including university of northwestern - ST. Paul, a christian, not-for-profit educational institution with a mission to equip believers to grow intellectually and spiritually, to serve effectively in their professions, and to give god-honoring leadership in the…

$535Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$186K
Grants paid · 16 grants · $6.6M · 2019–2022
Wooddale ChurchMN · FY2021$12,000
Wooddale ChurchMN · FY2020$17,000
Campus Crusade for Christ INCFL · FY2019$229,800
Every Home for ChristCO · FY2019$63,988
Treehouse INCMN · FY2019$23,993

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$510K
Ln 12
Investment incomeLn 3$282K
Gifts and grantsLn 1h$137K
Other incomeLn 4–11$91K
Money outPt IX
$662K
Ln 25
Programscol B$535K
Managementcol C$119K
Fundraisingcol D$8K
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$308K
Total assetsLn 16$5.8M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$137K
Investment incomeLn 3$282K
Other incomeLn 4–11$91K
Gains on assetsLn 7$152K
Total revenueLn 12$510K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$304K
Cash and savings togetherLn 1–2$308K
InvestmentsLn 11–13$5.1M
Other assetsLn 15$348K
Total assetsLn 16$5.8M
LiabilitiesLn 26$1.0M
Net assetsLn 32$4.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$22K
Share of the $2.7M endowmentSch D 1g0.82%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$2.7M$2.8M$3.0M$3.0M$2.9M
Given inLn 1b$79K$91K$48K$45K$20K
SpentLn 1d–1f$113K$420K$214K$204K$387K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$691K$308K
InvestmentsLn 11–13$5.2M$5.1M
Total assetsLn 16$6.2M$5.8M
LiabilitiesLn 26$1.0M$1.0M
Net assetsLn 32$5.2M$4.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$459K$459K
Grants to domestic individualsLn 2$200$200
Legal feesLn 11b$2K$1K$1K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$22K$22K
Other fees for servicesLn 11g$148K$74K$74K
Office expensesLn 13$6K$415$2K$4K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$78$26$26$26
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$3K$385$616$2K
Total functional expensesLn 25$662K$535K$119K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023Filed with the IRS May 7, 2024 $206K$6.0M−$5.8M$0 990 PDF
FY2022Filed with the IRS May 11, 2023 $1.0M$375K$665K$5.5M 990 PDF
FY2021Filed with the IRS May 13, 2022 $670K$342K$328K$6.2M 990 PDF
FY2020 ViewingFiled with the IRS May 12, 2021 $510K$662K−$152K$4.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $509,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $292,996$136,783
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $212,850$281,867
I-11 Other revenuePrior year $232,888$91,221
I-12 Total revenuePrior year $738,734$509,871
I-13 Grants and similar amounts paidPrior year $915,881$459,285
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $238,247$202,269
I-18 Total expensesPrior year $1,154,128$661,554
I-19 Revenue less expensesPrior year −$415,394−$151,683
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $509,871 across 7 lines filed
VIII-1d Related organizations$67,500
VIII-1f All other contributions, gifts and grants$69,283
VIII-1h Total contributions, gifts and grants$136,783
VIII-3 Investment incomeExcluded from tax $129,504$129,504
VIII-7 Net gain or loss on sales of assetsExcluded from tax $152,363$152,363
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $91,221$91,221
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $373,088$509,871
Part IX · Statement of functional expenses $661,554 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $459,085$459,085
IX-2 Grants to domestic individualsPrograms $200$200
IX-11b Legal feesPrograms $1,162 · Management $1,162$2,324
IX-11c Accounting feesManagement $2,114$2,114
IX-11f Investment management feesManagement $22,167$22,167
IX-11g Other fees for servicesPrograms $73,951 · Management $73,951$147,902
IX-13 Office expensesPrograms $415 · Management $1,537 · Fundraising $3,729$5,681
IX-17 TravelFundraising $1,760$1,760
IX-19 Conferences, conventions and meetingsPrograms $26 · Management $26 · Fundraising $26$78
IX-23 InsuranceManagement $17,244$17,244
IX-24 Other expenses (24a–d)Programs $385 · Management $616 · Fundraising $1,998$2,999
IX-25 Total functional expensesPrograms $535,224 · Management $118,817 · Fundraising $7,513$661,554
Part X · Balance sheet $5,784,550 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $245,549$3,883
X-2 Savings and temporary cash investmentsStart of year $445,172$303,767
X-11 Publicly traded securitiesStart of year $5,185,680$5,129,233
X-15 Other assetsStart of year $322,176$347,667
X-16 Total assetsStart of year $6,198,577$5,784,550
X-17 Accounts payable and accrued expensesStart of year $127,592$120,243
X-25 Other liabilitiesStart of year $903,330$882,432
X-26 Total liabilitiesStart of year $1,030,922$1,002,675
X-27 Net assets without donor restrictionsStart of year $1,266,026$928,842
X-28 Net assets with donor restrictionsStart of year $3,901,629$3,853,033
X-32 Total net assets or fund balancesStart of year $5,167,655$4,781,875
X-33 Total liabilities and net assetsStart of year $6,198,577$5,784,550
Part XI · Reconciliation of net assets $4,781,875 net assets at year end
XI-1 Total revenue$509,871
XI-2 Total expenses$661,554
XI-3 Revenue less expenses−$151,683
XI-4 Net assets at start of year$5,167,655
XI-5 Net unrealized gains (losses) on investments−$197,261
XI-9 Other changes in net assets−$36,836
XI-10 Net assets at end of year$4,781,875

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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