Northwestern Foundation
- Assets
- $7.0m
- Revenue
- $670.4k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 03/2001
- Data as of
- 06/2021
- EIN
- 41-1878924
Organization Overview
Northwestern Foundation is located in St Paul, MN. The organization was established in 2001. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwestern 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 Foundation generated $670.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $342.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Northwestern Foundation has awarded 51 individual grants totaling $3,868,594. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SECURE, RECEIVE, AND MANAGE GIFTS ON BEHALF OF THE UNIVERSITY NW - ST. PAUL AND OTHER CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 HOME, CHURCH, COMMUNITY AND WORLD THROUGH CHRIST-CENTERED HIGHER EDUCATION AND MEDIA. NORTHWESTERN MEDIA EXISTS TO LEAD PEOPLE TO CHRIST AND TO NURTURE BELIEVERS IN THEIR SPIRITUAL GROWTH THROUGH CHRIST-CENTERED MEDIA. AS A FOUNDATION ALSO SERVING THE COMMUNITY, THE FOUNDATION IS ABLE TO ASSIST IN CHARITABLE GIFT PLANNING THAT BENEFITS OTHER NOT-FOR-PROFIT ORGANIZATIONS WHOSE BELIEFS ALIGN WITH THE BELIEFS OR THE MISSION OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Halverson Chair | OfficerTrustee | 2 | $0 |
Nancy Johnson Secretary | OfficerTrustee | 2 | $0 |
Bryon D Krueger Treasurer | Officer | 2 | $0 |
April Moreton President | Officer | 2 | $0 |
Kirby Stoll President - Partial Year | Officer | 2 | $0 |
Dr Alan Cureton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $86,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,267 |
| Total Program Service Revenue | $0 |
| Investment income | $132,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $329,066 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $147,687 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,091 |
| Fees for services: Other | $149,442 |
| Advertising and promotion | $0 |
| Office expenses | $1,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,509 |
| All other expenses | $0 |
| Total functional expenses | $341,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,054 |
| Savings and temporary cash investments | $403,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,222,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $371,690 |
| Total assets | $7,043,108 |
| Accounts payable and accrued expenses | $162,192 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $677,985 |
| Total liabilities | $840,177 |
| Net assets without donor restrictions | $1,404,275 |
| Net assets with donor restrictions | $4,798,656 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,043,108 |
Grants Awarded
Over the last fiscal year, Northwestern Foundation has awarded $147,110 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: GENERAL SUPPORT AND SCHOLARSHIPS | $110,810 |
Eden Prairie, MN PURPOSE: GENERAL OPERATING SUPPORT | $17,000 |
Arden Hills, MN PURPOSE: GENERAL OPERATING SUPPORT | $14,000 |
Orlando, FL PURPOSE: GENERAL OPERATING SUPPORT AND INTERNATIONAL STAFF | $5,300 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northwestern Foundation has recieved totaling $110,948.
| Awarding Organization | Amount |
|---|---|
University Of Northwestern-St Paul St Paul, MN PURPOSE: GENERAL OPERATING SUPPORT | $86,000 |
United Way Worldwide Alexandria, VA PURPOSE: GENERAL CHARITABLE OPERATIONS | $18,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: SUPPORT OF KTIS RADIO STATION | $6,948 |
Endowment Analysis
| Beg. Balance | $19,115,020 |
| Earnings | $4,368,028 |
| Net Contributions | $716,153 |
| Grants | $714,000 |
| Ending Balance | $23,485,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Public Broadcasting Foundation Inc Madison, WI | $32,720,675 | $11,782,247 |
Wisconsin History Foundation Inc Madison, WI | $57,186,900 | $14,378,166 |
Oakleaf Endowment Tr Fbo Minnesota Orchestra 063097 Minneapolis, MN | $81,273,856 | $10,271,429 |
Overture Center Foundation Inc Madison, WI | $20,998,721 | $8,215,874 |
Friends Of South Dakota Public Broadcasting Sioux Falls, SD | $8,253,361 | $5,354,022 |
Overture Development Corporation Madison, WI | $128,656,351 | $0 |
Des Moines Metro Opera Foundation Inc Indianola, IA | $21,471,212 | $2,429,329 |
John R Vanderlip Trust Uw 5006 Nect Milwaukee, WI | $35,603,983 | $4,156,554 |
Block 100 Foundation Inc Middleton, WI | $18,901,451 | $2,662,277 |
Wisconsin Youth Symphony Orchestra Inc Madison, WI | $7,680,238 | $7,653,874 |
Anna K Meredith Endowment Trust Des Moines, IA | $55,269,901 | $36,939,022 |
Museum Of Art Foundation Davenport, IA | $28,471,006 | $5,676 |