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Northwestern Foundation FY2021 filing

St Paul, MNUnknown exempt organization EIN 41-1878924Revenue $670K in FY2021

On file with the IRS3003 Snelling Avenue North · St Paul, MN

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

65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · 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
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Plus $6.2M in investments, Pt X · Ln 11–13
Looks good: 15.7 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
$840K
12% of total assets
Looks good: liabilities are 12% 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
$670K
+31% vs prior year
Spent
$342K
To programs
65%
Net assets
$6.2M
By yearFY2020–FY2023
Revenue
$670K
FY2021▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$510K
FY2021$670K
FY2022$1.0M
FY2023$206K
FY2023$0
Expenses
$342K
FY2021▼ -48%
Tap a bar for its year
Expenses by fiscal year
FY2020$662K
FY2021$342K
FY2022$375K
FY2023$6.0M
FY2023$0
Net assets
$6.2M
FY2021▲ +30%
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 FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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

65 cents of each dollar spent went to programs.

Program services 65% · $223K Management & general 34% · $117K Fundraising 1% · $2K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Nancy Johnson
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
John Force
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Zwart
Director
$0Pt VII · Sec A
See Northwestern Foundation executive salaries →

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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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Provided by the organization

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1 program · $223K · in their own filed words · FY2020
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…

$223Kprogram 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
William R and Billie Dean Buckles FoundationFY2024$161K
The Galter FoundationFY2024$25K
Total grants receivedfrom 2 funders$186K
Grants paid · 16 grants · $6.6M · 2019–2022
University of Northwestern - St PaulMN · FY2022$5,878,494
Natl Christian Charitable Fdn INCGA · FY2022$14,095
University of Northwestern - St PaulMN · FY2021$125,386
Campus Crusade for Christ INCFL · FY2021$23,229
Wooddale ChurchMN · FY2021$12,000
North Heights Lutheran ChurchMN · FY2021$7,000
University of Northwestern - St PaulMN · FY2020$110,810
Wooddale ChurchMN · FY2020$17,000
North Heights Lutheran ChurchMN · FY2020$14,000
Campus Crusade for Christ INCFL · FY2020$5,300
Campus Crusade for Christ INCFL · FY2019$229,800
University of Northwestern - St PaulMN · FY2019$107,304
Every Home for ChristCO · FY2019$63,988
Treehouse INCMN · FY2019$23,993
North Heights Lutheran ChurchMN · FY2019$10,000
North India Indigenous Partners INCMN · FY2019$6,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$670K
Ln 12
Investment incomeLn 3$461K
Gifts and grantsLn 1h$119K
Other incomeLn 4–11$90K
Money outPt IX
$342K
Ln 25
Programscol B$223K
Managementcol C$117K
Fundraisingcol D$2K
Owns and owesPt X
$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$447K
Total assetsLn 16$7.0M
LiabilitiesLn 26$840K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$119K
Investment incomeLn 3$461K
Other incomeLn 4–11$90K
Gains on assetsLn 7$329K
Total revenueLn 12$670K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$403K
Cash and savings togetherLn 1–2$447K
InvestmentsLn 11–13$6.2M
Other assetsLn 15$372K
Total assetsLn 16$7.0M
LiabilitiesLn 26$840K
Net assetsLn 32$6.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$308K$447K
InvestmentsLn 11–13$5.1M$6.2M
Total assetsLn 16$5.8M$7.0M
LiabilitiesLn 26$1.0M$840K
Net assetsLn 32$4.8M$6.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$148K$148K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$25K$25K
Other fees for servicesLn 11g$149K$75K$75K
Office expensesLn 13$1K$31$959$255
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$3K$592$598$2K
Total functional expensesLn 25$342K$223K$117K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 $206K$6.0M−$5.8M$0 990 PDF
FY2022 $1.0M$375K$665K$5.5M 990 PDF
FY2021 Viewing $670K$342K$328K$6.2M 990 PDF
FY2020 $510K$662K−$152K$4.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $670,414 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $136,783$119,267
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $281,867$461,211
I-11 Other revenuePrior year $91,221$89,936
I-12 Total revenuePrior year $509,871$670,414
I-13 Grants and similar amounts paidPrior year $459,285$147,687
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 $202,269$194,301
I-18 Total expensesPrior year $661,554$341,988
I-19 Revenue less expensesPrior year −$151,683$328,426
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 $670,414 across 7 lines filed
VIII-1d Related organizations$86,000
VIII-1f All other contributions, gifts and grants$33,267
VIII-1h Total contributions, gifts and grants$119,267
VIII-3 Investment incomeExcluded from tax $132,145$132,145
VIII-7 Net gain or loss on sales of assetsExcluded from tax $329,066$329,066
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $89,936$89,936
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $551,147$670,414
Part IX · Statement of functional expenses $341,988 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $147,687$147,687
IX-11c Accounting feesManagement $2,226$2,226
IX-11f Investment management feesManagement $25,091$25,091
IX-11g Other fees for servicesPrograms $74,721 · Management $74,721$149,442
IX-13 Office expensesPrograms $31 · Management $959 · Fundraising $255$1,245
IX-23 InsuranceManagement $13,509$13,509
IX-24 Other expenses (24a–d)Programs $592 · Management $598 · Fundraising $1,598$2,788
IX-25 Total functional expensesPrograms $223,031 · Management $117,104 · Fundraising $1,853$341,988
Part X · Balance sheet $7,043,108 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $3,883$44,054
X-2 Savings and temporary cash investmentsStart of year $303,767$403,298
X-4 Accounts receivable$1,485
X-11 Publicly traded securitiesStart of year $5,129,233$6,222,581
X-15 Other assetsStart of year $347,667$371,690
X-16 Total assetsStart of year $5,784,550$7,043,108
X-17 Accounts payable and accrued expensesStart of year $120,243$162,192
X-25 Other liabilitiesStart of year $882,432$677,985
X-26 Total liabilitiesStart of year $1,002,675$840,177
X-27 Net assets without donor restrictionsStart of year $928,842$1,404,275
X-28 Net assets with donor restrictionsStart of year $3,853,033$4,798,656
X-32 Total net assets or fund balancesStart of year $4,781,875$6,202,931
X-33 Total liabilities and net assetsStart of year $5,784,550$7,043,108
Part XI · Reconciliation of net assets $6,202,931 net assets at year end
XI-1 Total revenue$670,414
XI-2 Total expenses$341,988
XI-3 Revenue less expenses$328,426
XI-4 Net assets at start of year$4,781,875
XI-5 Net unrealized gains (losses) on investments$967,640
XI-9 Other changes in net assets$124,990
XI-10 Net assets at end of year$6,202,931

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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