Northwest Foundation Inc.

“A pdf version of a draft of the form 990 will be distributed by the finance officer to the entire board of directors via email at least ten days prior to the due date of said return. A request for comments within five days time will accompany the email which will be sent with a "read receipt".”

“Foundation officers, board members, and staff must refrain from engaging in any behavior that might be construed as self-dealing or in conflict of interest with the mission, goals, and fundamental purposes of the foundation. The northwest foundation acknowledges that it may have occasion to engage in transactions in which an employee or a member of the board of directors of the foundation has a material interest. In this policy statement, such transactions are referred to as conflict of interest transactions. When an employee or board member knows that a conflict of interest transaction will come before the board of directors or a committee of the board, the employee or board member will disclose to the board or committee the material facts of his or her interest before the vote of the board or committee. If, after such disclosure, a majority of the members of the board or committee, excluding the member having an interest in the transaction, in good faith reasonably believe that the transaction is fair to the northwest foundation and vote to approve the transaction, the foundation may enter into the transaction. Policy requires, however, that all potential conflicts of interest including memberships in or affiliations with other proprietary organizations, business affiliations with possible vendor implications, elected office, and involvement in any other activity that might be construed as in conflict with the mission, goals, and purpose of the foundation shall be presented in writing to the president or the executive director of the foundation's board, for purposes of review and possible remedial action. Such action may include holding the information on file, informing the foundation board of the appearance of conflict of interest, or requiring the person involved to either, cease and desist the activity or to relinquish foundation board membership.”

“All staff members of northwest foundation, inc. Are compensated as employees of northwest missouri state university in the office of university advancement. The foundation does not have employees of its own. The university sets compensation based on a market evaluation by cupa and employee's salaries fall in the range of 85% to 115% of the cupa market averages.”

“Currently, all of the governing documents of northwest foundation as well as the conflict of interest policy and financial statements are available upon request. Copies of these documents can be delivered via email, fax or us postal service.”