Northwestern Michigan College Foundation

Organization Overview

Northwestern Michigan College Foundation is located in Traverse City, MI. The organization was established in 1981. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwestern Michigan College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Northwestern Michigan College Foundation generated $8.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 8.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Nicholas Nissley
Second Vice-Chair
$0
Rebecca Teahen
Executive Director
$0
Alan J Zelinski
Chair
$0
Jayne H Mohr
Secretary
$0
Francis J Gingras
First Vice-Chair
$0
Stephen M Fisher
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$285,806
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,242,019
Noncash contributions included in lines 1a–1f $55,747
Total Revenue from Contributions, Gifts, Grants & Similar$5,527,825
Total Program Service Revenue$0
Investment income $1,026,475
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,747,505
Net Income from Fundraising Events -$4,472
Net Income from Gaming Activities $9,410
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,306,743

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Northwestern Michigan College Foundation has recieved totaling $556,830.

Awarding OrganizationAmount
$200,000
Art And Mary Schmuckal Family Foundation

Traverse City, MI

PURPOSE: FOURTH PAYMENT OF 5-YEAR MULTI-YEAR AWARD

$65,000
Grand Traverse Regional Community Foundation

Traverse City, MI

PURPOSE: B:EDUCATION

$57,250
Harry A & Margaret D Towsley Foundation

Ann Arbor, MI

PURPOSE: PROGRAM SUPPORT

$50,000
Ames Fam Foundation

Point Clear, AL

PURPOSE: CHARITABLE CONTRIBUTIONS

$50,000
Great Lakes Observing System Regional Association

Ann Arbor, MI

PURPOSE: An Expanded Spotter Buoy Network on the Upper Great Lakes in support of Recreational Boating, Shipping and Ferry Line Operations.

$48,805
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$22,295,638
Earnings$6,405,676
Net Contributions$2,050,664
Other Expense$59,090
Grants$679,924
Ending Balance$30,012,964

Peer Organizations

Organization NameAssets
Baker College
Flint, MI
$19,974,450
Baker College
Flint, MI
$16,788,668
Calumet College
Whiting, IN
$16,116,296
Bellin College Inc
Green Bay, WI
$15,163,582
Wilberforce University
Wilberforce, OH
$40,652,171
Grace Christian University
Wyoming, MI
$15,083,160
Art Academy Of Cincinnati
Cincinnati, OH
$9,495,180
Pontifical College Josephinum
Columbus, OH
$9,311,900
Baker College
Flint, MI
$4,978,817
Kuyper College
Grand Rapids, MI
$6,841,093
Gods Bible School College And Missionary Training Home
Cincinnati, OH
$6,100,308
Michigan Colleges Alliance
Southfield, MI
$4,811,451

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