Northwest University Foundation

“Joseph castleberry, justin kawabori, and john jordan have a business relationship with dan schimelpfenig and kristen waggoner.”

“Board members of northwest university foundation are elected by majority vote of the board of directors of northwest university. Additionally, the executive director shall be an appointed officer by the board of directors of northwest university and shall be a member of the board of trustees for the foundation.”

“Any changes to the articles of incorporation or bylaws must be approved by the board of directors of northwest university. Additionally, any property held by the foundation and subsequently disposed of must be approved by the northwest university board of directors.”

“The form 990 and related schedules are prepared by accountants at northwest university. The return is internally reviewed and then submitted to a third party cpa for review. An updated public disclosure copy is distributed to each member of the board for review. After the comments from board members are addressed and any corrections are made, the return is filed with the internal revenue service.”

“The conflict of interest policy applies to officers, directors, trustees, and management employees. Conflicts and potential conflicts are communicated to the executive director and the executive committee of the board as they arise. The executive director and the executive committee determine whether or not an actual conflict of interest exists. If an actual conflict is deemed to exist, the board will determine the appropriate response that results in the best interest for northwest university foundation. The following are the restrictions imposed on individuals for whom a conflict exists: they are required to recuse themselves from all voting and other decision making with regard to the transaction for which the conflict exists.”

“Our governing documents, conflict of interest policy, and financial statements are available to the public upon request. These requests are made to the foundation's executive director's office. When requests are received, we provide copies as requested. This might be in paper or electronic format.”

“There were 19 volunteer board members during the year.”

“Northwest university foundation is required to have its audited financial statements issued as consolidated statements with northwest university, ein 91-0615846. Therefore, the foundation uses the audit committee of the university to provide oversight of that audit and selection of an independent accountant.”