7A, Northwestern College Application for Tax-Exempt Financing

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Part VI Addendum to Applications Appendix A_: A brief description of the organizational structure of the Applicant, including parent subsidiary, and affiliate organizations (if applicant is other than an individual) Northwestern College is an Independent non-profit organization and is governed by a Board of Trustees of not less than 15 and not more than 25 individuals. The Trustees who serve without compensation are responsible for overseeing the affairs and mission of the Corporation. The Board appoints a President (who is a member of the Board) who is responsible to the Board for the operation of the College and for the achievement of its mission and implementation of its policies, The College (one organization) has two primary focuses (higher education and media). The President's Cabinet (senior management team) reflects this structure with a Vice President for Academic Affairs and a Senior dice President for Media serving as the chief operating officers for the two focuses supported by other members of the senior management team overseeing support functions of Advancement, Marketing, Finances, Facilities, Human Resources, and Technology. Northwestern Foundation is a public charity, non-profit corporation. This mission of the Foundation is to secure, receive and manage planned gifts on behalf of the College. The majority of members of the Foundation's Board of Directors are also members of the College's Board of Trustees. Lincoln Drive Properties, a limited liability corporation, was founded in 2006 with the sole purpose of acquiring and managing property on behalf of the College. The majority of the members of the Lincoln Drive Properties Board of Directors are also member of the College's Board of Trustees. Both the College and the Foundation are exempt from state and federal income taxes, the College under Section 501(c)(3) and the Foundation under Section 509(a)(1) of the Internal Revenue Code. Appendix B; Statement of Applicant's business history, including any multi -family rental projects.