2024-04-30T15:36:04-05:00 2023-06-30 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 848 MINOT ND 587020848 990 2022-07-01 456012226 WILLISTON STATE COLLEGE FOUNDATION WILL 7015729275 PO BOX 1286 WILLISTON ND 588021286 HUNTER BERG EXECUTIVE DIRECTOR 7015729275 2024-04-17 1 HUNTER BERG XXX-XX-XXXX 1 TORY J HILL CPA P01087169 7018520196 2024-03-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HUNTER BERG PO BOX 1286 WILLISTON ND 588021286 26527780 0 X WWW.WSCFOUNDATION.COM X 1961 ND TO PROMOTE AND SUPPORT WILLISTON STATE COLLEGE IN WILLISTON, NORTH DAKOTA. 11 11 14 24 -327894 0 6825489 1299178 0 0 205662 54625 192169 586218 7223320 1940021 2822961 3836868 0 0 380854 459392 0 0 133379 124445 143395 3328260 4439655 3895060 -2499634 26851284 23114147 12135520 12012639 14715764 11101508 X THE FOUNDATION SUPPORTS WILLISTON STATE COLLEGE BY BUILDING RELATIONSHIPS WITH ALUMNI, DONORS, AND SURROUNDING COMMUNITIES; GENERATING FINANCIAL SUPPORT; FUNDING STUDENT AND FACULTY DEVELOPMENT SCHOLARSHIPS; AND LEADING CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS. 0 0 3986180 3804669 1122 THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF WILLISTON STATE COLLEGE FOR HIGHER EDUCATION, CONTINUING EDUCTION, AND STAFF GRANTS TO SUPPORT COLLEGE AND COMMUNITY PROJECTS. THE FOUNDATION OWNS PROPERTY AND EQUIPMENT THROUGH THEIR PARTNERSHIP WITH WILLISTON STATE COLLLEGE HOUSING, LLC. THIS PROPERTY IS RENTED BY WILLISTON STATE COLLEGE EMPLOYEES AND OTHER ESSENTIAL PERSONNEL AND AFFILIATES. REVENUES DERIVED FROM THIS PROGRAM SERVICE WERE $1,579,925 AND RELATED EXPENSES WERE $2,037,394. THIS PROGRAM RENTAL ACTIVITY IS PRESENTED ON FORM 990 IN SECTION VIII, LINES 6A AND 6B. 32199 32199 THE FOUNDATION MAKES CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS THAT PROVIDE SUPPORT TO THE WILLISTON, NORTH DAKOTA AREA. 4018379 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 14 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LAURIE FURUSETH 7015729275 PO BOX 1286 WILLISTON ND 588021286 WARD KOESER PRESIDENT 2.50 2.50 X X 0 0 0 KATIE KRINGEN SECRETARY/TREASURER 0.50 0.50 X X 0 0 0 LEE MURPHY DIRECTOR 0.50 0.50 X 0 0 0 RICK MEDALEN DIRECTOR 0.50 0.50 X 0 0 0 BRANDON JOHNSON DIRECTOR 0.50 0.50 X 0 0 0 BILL GATHMAN DIRECTOR 0.50 0.50 X 0 0 0 JACKIE LEE DIRECTOR 0.50 0.50 X 0 0 0 MELANIE STILLWELL DIRECTOR 0.50 0.50 X 0 0 0 TAYLOR OLSON VICE PRESIDENT 0.50 0.50 X X 0 0 0 JORY MEYER DIRECTOR 0.50 0.50 X 0 0 0 LANCE OLSON DIRECTOR 0.50 0.50 X 0 0 0 LAURIE FURUSETH CFO 15.00 15.00 X 63041 0 8126 HUNTER BERG EXECUTIVE DIRECTOR 20.00 20.00 X 150060 0 36648 213101 0 44774 1 0 1 0 0 1299178 1299178 54005 54005 1579925 2037394 -457469 -457469 -327894 -129575 718 0 98 718 -98 620 620 23593452 22550267 1043185 1043185 MISCELLANEOUS 900099 502 502 502 1940021 1122 -327894 967615 3836868 3836868 260681 59478 165772 35431 126638 50951 30521 45166 15082 6337 3842 4903 31688 12433 7861 11394 25303 7605 12508 5190 125 125 25385 25385 20726 39 20687 30096 30096 4955 4955 9934 9934 4926 4926 5 5 6368 6368 2122 2122 SPECIAL EVENTS 49676 24838 24838 TETON THUNDER EXPENSE 15662 15662 MISCELLANEOUS 11410 665 9901 844 SUPPLIES 8598 8598 -46593 -26593 -20000 4439655 4018379 287897 133379 142523 166736 5382045 2375598 3546000 2950000 6500 51426 15222 59281 19858417 4980515 15515351 14877902 1829807 1597451 413836 1035753 26851284 23114147 201032 208897 98409 99110 5817583 5677150 6000000 6000000 18496 27482 12135520 12012639 X 2710070 1957365 12005694 9144143 14715764 11101508 26851284 23114147 X -2499634 6 -1114628 X X 0 1 X 1 0 X 1034174 1480916 566210 1675489 1299178 6055967 1034174 1480916 566210 1675489 1299178 6055967 1163331 4892636 3901536 388104 648389 9508 54005 5001542 3034 55754 58788 16541 78306 94847 11211144 1029438 0.43640 0.30300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 23379286 7266 2785044 1143663 25027933 24709905 1055250 -137680 2248189 23379286 24580866 9000 3866263 3746224 24709905 19623741 45000 6807553 1895428 24580866 23487488 342343 2645019 2250114 4600995 19623741 0.00620 0.63840 0.35540 0 1 1 968761 968761 18774522 4887743 13886779 115134 92772 22362 14877902 ACCRUED INTEREST PAYABLE 27482 27482 X PART IV, LINE 2B: THE FOUNDATION HOLDS SECURITY DEPOSITS IN ESCROW FOR TENANTS. THESE DEPOSITS ARE REFUNDED SUBJECT TO INSPECTION OF THE APARTMENTS FOR DAMAGES. PART V, LINE 4: THE ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS FOR WILLISTON STATE COLLEGE AND OTHER PROGRAMS AND IMPROVEMENTS FOR THE COLLEGE. PART X, LINE 2: THE FOUNDATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE FOUNDATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 66777 47780 335 1526 0 22166305 20697062 111210 506689 0 1360370 1147744 6825 31096 0 23593452 21892586 118370 539311 22550267 1043185 ND 1 0 1 0 1.00000 LEE AND SUESS 222 UNIVERSITY AVE WILLISTON ND 58802 0 ROSEANNE MARQUEZ 48558 MANAGE GAMING OPERATIONS, HIRE AND FIRE EMPLOYEES, MAKE DEPOSITS, ASSIST WITH THE PREPARATION OF REPORTS REQUIRED BY GAMING REGULATIONS. X 1 435796 1 WILLISTON STATE COLLEGE 1410 UNIVERSITY AVE WILLISTON ND 58801 450324813 GOVERNMENT 3479901 0 STUDENT SCHOLARSHIPS, COLLEGE INFRASTRUCTURE AND PROGRAM SUPPORT. TETON BOOSTER CLUB 1410 UNIVERSITY AVE WILLISTON ND 58801 450417554 501(C)(3) 5500 0 IMPROVEMENTS TO BASEBALL FIELD BRAS FOR A CAUSE WILLISTON ND PO BOX 315 WILLISTON ND 588020315 464238829 501(C)(3) 10000 0 PROVIDE AID AND RELIEF TO WILLISTON COMMUNITY MEMBERS COYOTE WRESTLING CLUB INC PO BOX 260 WILLISTON ND 58802 831912165 501(C)(3) 16699 0 TO PROVIDE NEW WRESTLING MATS FOR COYOTE WRESTLING CLUB, A YOUTH WRESLING PROGRAM SERVING WILLISTON AND THE SURROUNDING AREA. 4 PART I, LINE 2: THE FOUNDATION HAS A CLOSE WORKING RELATIONSHIP WITH WILLISTON STATE COLLEGE AND THEIR RELATED BOOSTER AND ALUMNI ASSOCIATIONS. DUE TO THESE RELATIONSHIPS AND THE FACT THAT THE FOUNDATION'S PURPOSE IS TO PROVIDE SUPPORT TO THE COLLEGE, ONCE GRANT DISBURSEMENTS ARE MADE, NO FURTHER FOLLOW UP IS PERFORMED TO MONITOR THE COLLEGE'S USE OF THE FUNDS. X X 0 0 X X X X 0 0 0 0 0 0 0 0 0 HUNTER BERG EXECUTIVE DIRECTOR 138060 0 0 0 12000 0 18758 0 17890 0 186708 0 0 0 PART I, LINE 3 HUNTER BERG IS COMPENSATED BY WILLISTON STATE COLLEGE AND WILLISTON STATE COLLEGE FOUNDATION REIMBURSES WILLISTON STATE COLLEGE FOR HUNTER'S COMPENSATION. THE BOXES MARKED ABOVE REPRESENT THE STEPS TAKEN BY THE FOUNDATION TO DETERMINE HUNTER'S COMPENSATION THAT WILL BE REIMBURSED BY THE FOUNDATION. PART II THE COMPENSATION REPORTED IN PART II IS DETERMINED BY WILLISTON STATE COLLEGE FOUNDATION. PAID BY WILLISTON STATE COLLEGE, AND REIMBURSED BY THE FOUNDATION. PART 1, LINE 1A HUNTER BERG, EXECUTIVE DIRECTOR, RECEIVED $10,000 IN A DISCRETIONARY SPENDING ACCOUNT WHICH WAS APPROVED BY THE BOARD. THE FUNDS ARE USED FOR SMALL DONATIONS AND SPONSORSHIPS TO OTHER CHARITIES IN THE AREA. THE BOARD SEES ALL EXPENDITURES PAID OUT FROM THIS ACCOUNT. THE AMOUNT IS NOT TREATED AS TAXABLE WAGES TO MR. BERG. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, AND EMPLOYEES OF THE FOUNDATION AND ANY MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS. EACH BOARD MEMBER COMPLETES AN ANNUAL QUESTIONNAIRE INDICATING WHETHER A CONFLICT OF INTEREST EXISTS. IF THERE IS A CONFLICT OF INTEREST, THE INTERESTED PERSON SHALL LEAVE THE MEETING WHILE THE POTENTIAL CONFL1CT IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF NO CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MAY PARTICIPATE IN A DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT IN QUESTION. IF A CONFLICT OF INTEREST DOES EXIST, THE FOLLOWING PROCEDURES SHALL BE FOLLOWED: (1) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST; (2) THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT; (3) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST; (4) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT, AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE FOUNDATION. THE BOARD SHALL THE MAKE ITS DECISION TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE OF THE WSCF BOARD OF DIRECTORS REVIEWS COMPARABLE SALARY DATA FOR THE POSITIONS OF EXECUTIVE DIRECTOR AND CFO. DATA FROM OTHER NDUS COLLEGE FOUNDATIONS AND THE MOST CURRENT WAGE DATA BY OCCUPATION REPORT FOR OUR REGION FROM JOB SERVICE OF ND IS SUMMARIZED AND PRESENTED TO THE COMMITTEE. AFTER DISCUSSION, THE COMMITTEE MAKES A RECOMMENDATION WHICH IS BROUGHT FORWARD TO THE BOARD OF DIRECTORS FOR DISCUSSION AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION MAKES ITS FORM 1023, 990 AND 990-T AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS TO SUPPORTING FOUNDATION EIN: 83-2369114 -1,114,628. PART XII, LINE 2C EXPLANATION THE FOUNDATION'S PROCESS FOR SELECTING AND OVERSEEING THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. WILLISTON STATE COLLEGE HOUSING PO BOX 1286 WILLISTON ND 588021286 371693089 AFFORDABLE HOUSING FOR WSC EMPLOYEES AND OTHER ESSENTIAL PERSONNEL. ND 1591040 16483790 WILLISTON STATE COLLEGE FOUNDATION WILLISTON STATE COLLEGE SUPPORTING FOUNDATION 721 E HIGHLAND DRIVE STE E WILLISTON ND 58801 832369114 SUPPORTING FOUNDATION ND 501(C)(3) LINE 12B, II WILLISTON STATE COLLEGE FOUNDATION 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WILLISTON STATE COLLEGE SUPPORTING FOUNDATION B 4593722 FMV OF ASSETS TRANSFERRED WILLISTON STATE COLLEGE SUPPORTING FOUNDATION C 3479094 FMV OF ASSETS TRANSFERRED WILLISTON STATE COLLEGE SUPPORTING FOUNDATION D 512567 YEAR END BALANCE