Form 990 for tax year 2023
Filed by NORTHWESTERN MICHIGAN COLLEGE FOUNDATION.
Totals
- Total revenue
- $5,717,741
- Total expenses
- $5,366,012
- Contributions and grants received
- $3,456,251
- Grants paid
- $4,729,229
- Program service revenue
- $0
- Investment income
- $2,259,942
- Other revenue
- $1,548
- Total assets, end of year
- $64,985,273
- Total liabilities, end of year
- $2,372,769
- Net assets or fund balances, end of year
- $62,612,504
- Program services expenses (Part IX)
- $4,729,229
- Management and general expenses
- $114,271
- Fundraising expenses
- $522,512
- Program service expenses (Part III)
- $4,729,229
Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$161,950
-
1f · All other contributions, gifts and grants
$3,294,301
-
1g · Noncash contributions included above
$29,889
-
3 · Investment income
total $1,774,223 · excluded $1,774,223
-
7a · Gross sales of assets other than inventory
securities $8,531,817
-
7b · Less cost or other basis and sales expenses
securities $8,046,098
-
7c · Gain or loss
securities $485,719
-
7d · Net gain or loss
total $485,719 · excluded $485,719
-
8a · Fundraising events: gross income
$33,130
-
8a · Fundraising events: contributions included on line 1c
$161,950
-
8b · Fundraising events: direct expenses
$32,443
-
8c · Net income from fundraising events
total $687 · excluded $687
-
9a · Gaming: gross income
$5,505
-
9b · Gaming: direct expenses
$4,644
-
9c · Net income from gaming
total $861 · excluded $861
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,729,229 · program services $4,729,229
-
7 · Other salaries and wages
total $522,512 · fundraising $522,512
-
11f · Fees: investment management
total $80,068 · management and general $80,068
-
13 · Office expenses
total $346 · management and general $346
-
23 · Insurance
total $32,775 · management and general $32,775
-
24a · Other expenses: SALES TAX
total $1,082 · management and general $1,082
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $11,751,823 · end of year $3,278,274
-
3 · Pledges and grants receivable
beginning of year $1,875,494 · end of year $1,539,642
-
9 · Prepaid expenses and deferred charges
beginning of year $350 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $45,063,228 · end of year $59,500,269
-
12 · Investments: other securities
beginning of year $56,598 · end of year $0
-
15 · Other assets
beginning of year $629,841 · end of year $667,088
-
17 · Accounts payable and accrued expenses
beginning of year $55,647 · end of year $100,425
-
19 · Deferred revenue
beginning of year $453 · end of year $0
-
25 · Other liabilities
beginning of year $1,793,131 · end of year $2,272,344
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $57,528,103 · end of year $62,612,504
Mission and programs · 2023
Mission
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.
Activities or mission (Part I)
TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE.
-
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.
Expenses $4,729,229 · Grants $4,729,229
As filed on the 2023 return.
Listed in Part VII
-
NICHOLAS NISSLEY
SECOND VICE-CHAIR
- Total calculated
- $288,144
- From this org
- $0
- From related orgs
- $238,757
- Other
- $49,387
- Hours/week
- 8 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $238,757 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $27,457 related
- Nontaxable benefits
- $0 + $21,930 related
- Filer's total
- $0 + $288,144 related
-
JAYNE H MOHR
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
PATRICIA A WARNER
FIRST VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
CHRISTOPHER M LAMB
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
DEBRA J EDSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
SUZANNE ALLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LORAINE BEERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BARBARA F BENSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DOUGLAS S BISHOP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER E BRANSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DONALD M COE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MATT DESMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM DONBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN M FISHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PEG JONKHOFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ELEANOR E LYNN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DIANA MILOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LAURA J OBLINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARTHA A OLESON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARY PELCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANDREW K ROBITSHEK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN K SHELDON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DAVID M SHOOLTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TIMOTHY F YOUNG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ALAN J ZELINSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
NANCY B ZIMMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHERYL M BLOOMQUIST
NMC FACULTY REPRESENTATIVE
- Total calculated
- $154,994
- From this org
- $0
- From related orgs
- $106,941
- Other
- $48,053
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $106,941 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $31,149 related
- Nontaxable benefits
- $0 + $16,904 related
- Filer's total
- $0 + $154,994 related
-
STEVEN H RICE
NMC FACULTY REPRESENTATIVE
- Total calculated
- $129,045
- From this org
- $0
- From related orgs
- $96,603
- Other
- $32,442
- Hours/week
- 1 + 39 related
-
LINDA BERLIN
NMC FACULTY REPRESENTATIVE
- Total calculated
- $149,087
- From this org
- $0
- From related orgs
- $108,417
- Other
- $40,670
- Hours/week
- 1 + 39 related
-
MADISON HOUY
NMC STUDENT REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER HRICIK
EXECUTIVE DIRECTOR
- Total calculated
- $154,413
- From this org
- $0
- From related orgs
- $123,326
- Other
- $31,087
- Hours/week
- 36 + 8 related
Schedule J breakdown matched by us
- Base
- $0 + $123,326 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,183 related
- Nontaxable benefits
- $0 + $16,904 related
- Filer's total
- $0 + $154,413 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE DIRECTOR WAS COMPENSATED BY A RELATED ORGANIZATION, AND THEREFORE NONE OF THE LINE 3 BOXES HAVE BEEN CHECKED. THE RELATED ORGANIZATION USED THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR OF THE FILING ORGANIZATION: COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$4,700,912
TO PROVIDE AWARDS AND SUPPORT FOR VARIOUS PROGRAMS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SECTION 115 · HIGHER EDUCATION · MI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541329349303574
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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