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Northwestern Michigan College Foundation

Public charity
Other · TRAVERSE CITY, MI · EIN 38-2376475

About

To assist northwestern michigan college to realize its mission and vision by securing new resources, maximizing return on existing resources, acting as ambassadors to the community, complementing and resourcing the work of the college's trustees in shaping NMC's future.

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
100

Financial Snapshot

FY ending 2023-06-30
Revenue
$4.0M
Expenses
$5.0M
Assets
$59.4M
Liabilities
$1.8M

Financial history

$8.2M$4.1M$0
1617181920212223
RevenueExpenses
Latest FY2023: $4.0M · Peak FY2019: $8.2M · Avg: $5.7M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$4.3M
NORTHWESTERN MICHIGAN COLLEGE FOUNDATION
Your actions

Address

1701 E Front ST
Traverse City, MI, 49686-301

Governance

Voting board members34
Independent members28
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %5.0%
Permanent endowment %61.2%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
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IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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