Northwest Credit Union Foundation

“Friends of the foundation membership - individuals and organizations can become active members of the gowest foundation to help cultivate opportunities and develop leaders to improve the well being of the communities we serve.”

“The governing body will appoint board of directors via a nominating committee process. Additionally, members of the friends of the foundation member category will elect/vote on one member of the governing body.”

“Management reviews the 990 and then informs the board members that the form 990 has been completed and filed and is available upon request.”

“Board members are informed of the policy and are required to report any possible conflict before it occurs. Any update to the policy is discussed at the board meeting.”

“Copies of the governing documents, financial statements, and conflict of interest policy can be requested through the board.”

“Volunteers consist solely of the organizations' board members who provide management oversight and strategic planning functions through collaboration with management.”

“The organization has not changed either its oversight process or selection process during the tax year.”

“On july 1, 2022, the foundation merged with the mountain west credit union foundation (mwcuf). The mwcuf was previously a 501(c)(3) organization whose mission was to promote leadership and support long-term success of credit unions in airzona, colorado and wyoming. The foundation acquired the following assets and liabilities in the merger, stated at their estimated fair value: assets acquired: cash and cash equivalents $ 83,776 other assets 18,341 investment securities 1,816,353 ------------ subtotal 1,918,470 liabilities assumed: accounts payable and accrued expenses 26,508 ------------ net assets acquired in merger $ 1,891,962 ============”