Civic Intelligence

Northwest University Foundation

990 • Fiscal year 2017 • EIN 95-2008029

Jun 01, 2016 to May 31, 2017 • Filed on Dec 08, 2017

PO Box 579Kirkland, WA 98083

(425) 889-5216

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.36x

Higher debt load relative to assets than 63% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

11.12x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

94th percentile

65%

Higher net margin than 94% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$228,401

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 46.6% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

34th percentile

0.6%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

97%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$15,074,288

Up $90,322 (+0.6%) from 2016

Net Assets

Up

$9,623,410

Up $570,044 (+6.3%) from 2016

Liabilities

Down

$5,450,878

Down $479,722 (-8.1%) from 2016

Revenue

Up

$490,184

Up $240,952 (+97%) from 2016

Expenses

Down

$170,849

Down $77,037 (-31%) from 2016

Net Income

Up

$319,335

Up $317,989 (+23625%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $18,200,037Liabilities 2010: $11,206,821Net Assets 2010: $6,993,2162010Assets 2011: $22,065,695Liabilities 2011: $14,290,658Net Assets 2011: $7,775,0372011Assets 2012: $22,177,232Liabilities 2012: $14,078,465Net Assets 2012: $8,098,7672012Assets 2013: $14,724,462Liabilities 2013: $6,558,583Net Assets 2013: $8,165,8792013Assets 2014: $15,289,455Liabilities 2014: $6,304,313Net Assets 2014: $8,985,1422014Assets 2015: $15,285,698Liabilities 2015: $6,230,248Net Assets 2015: $9,055,4502015Assets 2016: $14,983,966Liabilities 2016: $5,930,600Net Assets 2016: $9,053,3662016Assets 2017: $15,074,288Liabilities 2017: $5,450,878Net Assets 2017: $9,623,4102017Assets 2018: $15,689,207Liabilities 2018: $5,093,009Net Assets 2018: $10,596,1982018Assets 2019: $16,258,217Liabilities 2019: $4,793,398Net Assets 2019: $11,464,8192019Assets 2020: $16,023,182Liabilities 2020: $4,651,096Net Assets 2020: $11,372,0862020Assets 2021: $17,324,856Liabilities 2021: $4,527,842Net Assets 2021: $12,797,0142021Assets 2022: $16,453,023Liabilities 2022: $4,243,576Net Assets 2022: $12,209,4472022Assets 2023: $15,292,755Liabilities 2023: $3,671,895Net Assets 2023: $11,620,8602023Assets 2024: $16,459,237Liabilities 2024: $3,576,237Net Assets 2024: $12,883,0002024

Highlighted filing

2017

Assets$15,074,288
Liabilities$5,450,878
Net Assets$9,623,410

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,504,6322010Expenses 2011: $573,7302011Expenses 2012: $589,2972012Expenses 2013: $308,4012013Revenue 2014: $575,128Expenses 2014: $237,383Net Income 2014: $337,7452014Revenue 2015: $788,974Expenses 2015: $231,222Net Income 2015: $557,7522015Revenue 2016: $249,232Expenses 2016: $247,886Net Income 2016: $1,3462016Revenue 2017: $490,184Expenses 2017: $170,849Net Income 2017: $319,3352017Revenue 2018: $1,253,223Expenses 2018: $226,326Net Income 2018: $1,026,8972018Revenue 2019: $954,596Expenses 2019: $205,732Net Income 2019: $748,8642019Revenue 2020: $763,017Expenses 2020: $872,247Net Income 2020: -$109,2302020Revenue 2021: $694,253Expenses 2021: $776,456Net Income 2021: -$82,2032021Revenue 2022: $1,794,579Expenses 2022: $497,701Net Income 2022: $1,296,8782022Revenue 2023: $525,650Expenses 2023: $685,437Net Income 2023: -$159,7872023Revenue 2024: $1,008,886Expenses 2024: $732,227Net Income 2024: $276,6592024

Highlighted filing

2017

Revenue$490,184
Expenses$170,849
Net Income$319,335
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Dec 8, 2017
Return Version
2016v3.0
Gross Receipts
$1,407,019
Mission and Program Overview

Mission

Support northwest university and its student body of approximately 2405 students. The corporation operates exclusively for the benefit of, to perform the functions of, or to carry out the purposes of northwest university, a washington state non-profit corporation.

Support for higher education at northwest university and its 2,161 students

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,613,884$9,950,949▲ $2,337,065
Savings and Temporary Cash Investments$3,507,175$921,298▼ $2,585,877
Other Notes and Loans Receivable, Net$274,672$268,046▼ $6,626
Loans From Officers Directors$303,806$253,631▼ $50,175
Total Assets$14,983,966$15,074,288▲ $90,322
Other Assets Total$3,588,235$3,933,995▲ $345,760
Liabilities
Other Liabilities$2,713,156$2,724,906▲ $11,750
Unsecured Notes Loans Payable$2,913,638$2,472,341▼ $441,297
Total Liabilities$5,930,600$5,450,878▼ $479,722
Net Assets / Fund Balance
Permanently Rstr Net Assets$4,391,482$4,446,735▲ $55,253
Unrestricted Net Assets$3,361,577$3,470,261▲ $108,684
Temporarily Rstr Net Assets$1,300,307$1,706,414▲ $406,107
Total Net Assets Fund Balance$9,053,366$9,623,410▲ $570,044
Total Liabilities and Net Assets / Fund Balance$14,983,966$15,074,288▲ $90,322

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,918,999--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$7,326,657$200,954▲ $384,235-$7,868,723
2015$7,331,657$125,161▼ $30,664-$7,326,657
2014$7,122,701$223,956▲ $74,601-$7,331,657
2013$6,843,639$102,796▲ $315,878-$7,122,701
2012$6,478,764$116,281▲ $399,672-$6,843,639
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
John JordanCFOPT$136,912$136,912
Justin KawaboriExecutive DirectorPT$98,086$98,086
Bill OwenTrustee-$76,537$76,537

Board Members and Trustees

NameTitle
Barry HornChair
Joseph CastleberryPresident
Dan SchimelpfenigVice Chair
Alan LovelaceTrustee
Amy RogersTrustee
Bruce FrenchTrustee
Eric DrivdahlTrustee
Jerry BrownTrustee
John ButterfieldTrustee
John QuickTrustee
Jon SharpeTrustee
Kim MartinTrustee
Michael PearceTrustee
Talia HastieTrustee
Ted TerryTrustee
Tim KnappTrustee
Tim OhaiTrustee
Marlene OstromTrustee Representative
Arlyn NelsonSecretary
Norma Jean ReeceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$203,115
Program Service Revenue
$0
Investment Income
$287,069
Other Revenue
$0
All Other Contributions
$203,115
Change in Net Assets
$319,335

Audited Revenue Reconciliation

Revenue per Audited Statements
$490,184
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$38,734,373
Total Revenue per Audited Statements
$39,224,557
Total Revenue per Form 990
$490,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,501
Total Fundraising Expense$47,149
Grants and Similar Amounts Paid$47,148
Salaries, Compensation, and Employee Benefits$19,200
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$76,552-$76,552
Grants to Domestic Individuals$47,148--$47,148
Other Salaries and Wages--$19,200$19,200
Fees for Services Accounting--$13,600$13,600
Travel--$5,868$5,868
Conferences and Meetings--$3,768$3,768
Occupancy--$3,012$3,012
All Other Expenses--$2,921$2,921
Other Expenses--$-1,220$-1,220
Total Functional Expenses$47,148$76,552$47,149$170,849

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$35,821,848
Expenses Not Reported on Form 990$35,698,148
Total Expenses per Form 990$170,849
Expenses per Audited Statements$123,700
Expenses Not Reported on Financial Statements$47,149
Other Expense Adjustments$47,149
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$303,806$253,631▼ $50,175
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Split Interest Agreement Obligations$2,724,906
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Joseph castleberry, justin kawabori, john jordan and bill owen have a business relationship with dan schimelpfenig and barry horn.

Form 990, Part VI, Section A, Line 7A

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.

Form 990, Part VI, Section A, Line 7B

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.

Form 990, Part VI, Section B, Line 11B

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.

Form 990, Part VI, Section B, Line 12C

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.

Form 990, Part VI, Section C, Line 19

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.

Filing and Contact Details

Filer

Filer Name
Northwest University Foundation
EIN
95-2008029
Phone
4258895216
Address
PO BOX 579, KIRKLAND, WA 98083

Signing Officer

Name
John Jordan
Title
CFO
Phone
4258897788
Signed
2017-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Kawabori
Formed
1992
Legal Domicile
Wa
Voting Board Members
23
Independent Board Members
17
Employees
0
Volunteers
19

Preparer

Firm
Clark Nuber Ps
Address
10900 NE 4TH STREET SUITE 1700, BELLEVUE, WA 98004
Preparer
Sara Elizabeth J Hyre
Phone
4254544919
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 6:

There were 19 volunteer board members during the year.

FORM 990, PART XI, LINE 9:

ROUNDING -139.

Financial Statement Notes

PART V, LINE 4:

The endowment is used primarily to generate revenue to support scholarships for students to study at northwest university. Other endowment funds support the university directly by adding additional revenue to the university.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue reported on northwest university's tax return 38,530,673. Grant expenses reported with revenue on audited financial statements -47,148.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

ROUNDING

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses reported on northwest university's tax return 35,698,148.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Grant expenses reported with revenue on audited financial statements 47,148. Rounding 1.

SCHEDULE D, PART V, LINE 1A, COLUMN E:

In preparing the previous years' form 990, it was discovered that prior years had combined both the endowments as well as annuities and charitable remainder trusts. The beginning balance for the year reported in column e has been restated to reflect the proper balance of the endowment funds.

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IRS990/Form990PartVIISectionAGrp/PersonNm16MICHAEL PEARCE
IRS990/Form990PartVIISectionAGrp/PersonNm17JOHN BUTTERFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm18TALIA HASTIE
IRS990/Form990PartVIISectionAGrp/PersonNm19AMY ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm20JOHN QUICK
IRS990/Form990PartVIISectionAGrp/PersonNm21KIM MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm22BILL OWEN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
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IRS990/FormationYr01992
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantAmt047148
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt047148
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IRS990/GrantsToIndividualsInd01
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IRS990/GrossReceiptsAmt01407019
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt09950949
IRS990/IRPDocumentCnt053
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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0303806
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0253631
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SUPPORT NORTHWEST UNIVERSITY AND ITS 2,161 STUDENTS. THE CORPORATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF NORTHWEST UNIVERSITY, A WASHINGTON STATE NON-PROFIT CORPORATION.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OccupancyGrp/FundraisingAmt03012
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0910615846
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NORTHWEST UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt047148
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.5$3.58$12.9$1.01$0.73$0.28
2023Detailed filing. Detailed filing data is available for this year.$15.3$3.67$11.6$0.53$0.69$0.16
2022Detailed filing. Detailed filing data is available for this year.$16.5$4.24$12.2$1.79$0.50$1.30
2021Detailed filing. Detailed filing data is available for this year.$17.3$4.53$12.8$0.69$0.78$0.08
2020Detailed filing. Detailed filing data is available for this year.$16.0$4.65$11.4$0.76$0.87$0.11
2019Detailed filing. Detailed filing data is available for this year.$16.3$4.79$11.5$0.95$0.21$0.75
2018Detailed filing. Detailed filing data is available for this year.$15.7$5.09$10.6$1.25$0.23$1.03
2017Detailed filing. Detailed filing data is available for this year.$15.1$5.45$9.62$0.49$0.17$0.32
2016Detailed filing. Detailed filing data is available for this year.$15.0$5.93$9.05$0.25$0.25$0.00
2015Detailed filing. Detailed filing data is available for this year.$15.3$6.23$9.06$0.79$0.23$0.56
2014Detailed filing. Detailed filing data is available for this year.$15.3$6.30$8.99$0.58$0.24$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$6.56$8.17$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$14.1$8.10$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.1$14.3$7.78$0.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$11.2$6.99$1.50