2024-11-19T12:19:25-06:00 2024-06-30 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2023-07-01 450358929 Bismarck State College Foundation BISM 7012245700 PO Box 5587 Bismarck ND 585065587 Kari Knudson Executive Director 7012245700 2024-11-18 1 1 Lisa Chaffee CPA P00193453 7012551091 2024-11-15 2023 2024-10-15 13:58:12Z Kari Knudson PO Box 5587 Bismarck ND 585065587 33867648 0 X www.bismarckstate.edu/foundation/ X 1979 ND Engage in those activities which support the development of Bismarck State College. 77 76 0 95 0 0 3735961 10426247 374970 367637 1080355 1574499 398413 1642799 5589699 14011182 2253449 3195072 0 0 303550 372813 0 0 291453 994233 1066615 3551232 4634500 2038467 9376682 53602906 65863270 8260269 8108661 45342637 57754609 X Engage in those activities which support and assist in the development and advancement of Bismarck State College. 0 0 3044905 2248592 367637 The BSC Foundation Grant Program makes dollars available to BSC staff, faculty, and student organizations to fund a wide variety of projects. Emphasis is given to innovative teaching and creative learning projects. A wide variety of teaching and demonstration equipment, travel for groups, campus presenters, performing art events, guest lecturers, consulting services, research, and other innovative projects have been supported through the Grants Program. Grants are awarded by the Board of Trustees Programs Committee.Student Housing:The Foundation leases two residence halls to Bismarck State College. Ritchie Hall and Gate City Hall, co-educational apartment style residence halls, have a total capacity of 128 students. 878922 878922 The BSC Foundation is committed to the encouragement and support of academic excellence. Through the support of many generous benefactors, the BSC Foundation is able to budget over $1,000,000 in scholarship awards to over 700 students. Scholarships are available to both incoming freshmen and sophomores. Receiving other scholarships will not disqualify applicants from receiving BSC Foundation scholarships.The BSC Foundation scholarship program was established for the purpose of attracting and retaining students of outstanding ability and potential, regardless of gender, race, creed or national origin. Scholarships are awarded by the Board of Trustees Programs Committee. 42558 42558 Student Recognition:Outstanding Student Awards are given to the students selected by faculty in each of BSC's programs and departments. These outstanding students receive a certificate and $50 cash award from BSC Foundation.Phi Theta Kappa is an international two-year college honor society. Students nominated for membership have maintained an accumulative grade point average of 3.5 or better and have completed 15 semester hours in residence at BSC applicable to an associate degree. The Phi Theta Kappa receives a paid initiation fee for membership, a pin, and a certificate from the BSC Foundation. They are honored at the BSC Recognition Ceremony with a certificate from the BSC Foundation.Employee RecognitionYears of Service: To acknowledge the contributions BSC faculty and staff make to the excellence of education, the Foundation sponsors a recognition program for employees. Employees are awarded gift cards and certificates beginning with five years of service and are honored with each five-year increment.BSC Faculty and Staff Awards for Excellence: Previously known as the Faculty and Staff Achievement Awards, this Foundation-sponsored program has been revamped to ensure that everyone has an equal opportunity to be recognized, through this prestigious award, for their outstanding contributions to Bismarck State College. To publicly recognize the Award for Excellence recipients, they are announced at BSC's award ceremony in the spring. As before, two faculty award recipients will each receive $1,000 and two staff award recipients will each receive $1,000. Since 2001, an adjunct faculty and a part-time staff member are recognized, and each receives a $250 award. 25000 25000 Jack FellowshipThe BSC Jack Fellowship Program has been established to fund sabbatical leaves for a Bismarck State College employee to engage in an educational experience that ultimately benefits BSC and the students it serves. The Fellowship is intended to partially underwrite the salary and/or expenses of the employee during the sabbatical. Each Fellowship will be a monetary award of up to $25,000 to be used to enhance the recipient's professional performance. During the year there was one recipient of the Jack Fellowship. 25000 25000 3991385 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 7 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 77 76 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X Ashli Engen 7012245700 PO Box 5587 Bismarck ND 585065587 Dave Mason Chair 1.00 X X 0 0 0 Danette Welsh President 1.00 X X 0 0 0 Wade Mann Vice President 1.00 X X 0 0 0 Mark Zimmerman Program Committee Chair 1.00 X X 0 0 0 Russ Hanson Development Committee Chair 1.00 X X 0 0 0 Sarah Getzlaff Finance Committee Chair 1.00 X X 0 0 0 Alicia Uhde Board Member until Sept 2023 1.00 X 0 0 0 Amy Mazigian Board Member starting Nov 2023 1.00 X 0 0 0 Andy Cramer Board Member starting May 2024 1.00 X 0 0 0 Barry Haugen Board Member 1.00 X 0 0 0 Barry Wegner Board Member until May 2024 1.00 X 0 0 0 Brad Balerud Board Member 1.00 X 0 0 0 Brad Ballweber Board Member 1.00 X 0 0 0 Brandon Reems Board Member 1.00 X 0 0 0 Bryan Walther Board Member 1.00 X 0 0 0 Cam Knutson Board Member 1.00 X 0 0 0 Carl Jackson Board Member until Sept 2023 1.00 X 0 0 0 Chad Wachter Board Member 1.00 X 0 0 0 Cindy Clairmont Board Member 1.00 X 0 0 0 Curt Walth Board Member 1.00 X 0 0 0 Dale Pahilke Board Member 1.00 X 0 0 0 Dan Polk Board Member 1.00 X 0 0 0 Darren Snow Board Member 1.00 X 0 0 0 Dave Clark Board Member starting Sept 2023 1.00 X 0 0 0 David Goodin Board Member until Jan 2024 1.00 X 0 0 0 David Sagsveen Board Member until Sept 2023 1.00 X 0 0 0 David Straley Board Member starting Nov 2023 1.00 X 0 0 0 Deb Mantz Board Member starting Sept 2023 1.00 X 0 0 0 Debra Gallagher Board Member 1.00 X 0 0 0 Eric Brenden Board Member 1.00 X 0 0 0 Florence Hauer Board Member 1.00 X 0 0 0 Gerald Skogley Board Member until Jan 2024 1.00 X 0 0 0 Gina Hruby Board Member 1.00 X 0 0 0 Glenn Bosch Board Member 1.00 X 0 0 0 Greg Bavendick Board Member 1.00 X 0 0 0 Irene Tschider Board Member 1.00 X 0 0 0 Jean Schafer Board Member 1.00 X 0 0 0 Jeff Nelson Board Member 1.00 X 0 0 0 Jeffery Wuitschick Board Member starting Sept 2023 1.00 X 0 0 0 Jennifer Heck Board Member 1.00 X 0 0 0 Jesse Johnson Board Member starting Feb 2024 1.00 X 0 0 0 Jim Christianson Board Member 1.00 X 0 0 0 Joel Kostelecky Board Member 1.00 X 0 0 0 John Bauer Board Member 1.00 X 0 0 0 Josh DeMorrett Board Member until May 2024 1.00 X 0 0 0 Judy Pfeifle Board Member 1.00 X 0 0 0 Katie Robinson Board Member until Sept 2023 1.00 X 0 0 0 Kene Miller Board Member starting Sept 2023 1.00 X 0 0 0 Kenna Mutschelknaus Board Member starting Sept 2023 1.00 X 0 0 0 Kevin Dykema Board Member 1.00 X 0 0 0 Kevin Gilchrist Board Member 1.00 X 0 0 0 Kevin Magstadt Board Member 1.00 X 0 0 0 Kevin Stadler Board Member 1.00 X 0 0 0 Kristine Melby Board Member 1.00 X 0 0 0 Larry Skogen Board Member 1.00 X 0 0 0 Lee Weisbeck Board Member 1.00 X 0 0 0 Loren Kopseng Board Member 1.00 X 0 0 0 Makenzie Malloy Board Member until May 2024 1.00 X 0 0 0 Marby Hogen Board Member 1.00 X 0 0 0 Mark Holkup Board Member until Sept 2023 1.00 X 0 0 0 Mary Theel Board Member 1.00 X 0 0 0 Mat Hirst Board Member 1.00 X 0 0 0 Megan Houn Board Member starting Feb 2024 1.00 X 0 0 0 Melissa Hauer Board Member starting Feb 2024 1.00 X 0 0 0 Mike Bitz Board Member 1.00 X 0 0 0 Mike Haider Board Member 1.00 X 0 0 0 Mike Heger Board Member 1.00 X 0 0 0 Norm Clark Board Member until Nov 2023 1.00 X 0 0 0 Patrick Ward Board Member 1.00 X 0 0 0 Paul Sandness Board Member 1.00 X 0 0 0 Rachel Retterath Board Member 1.00 X 0 0 0 Rebecca Ternes Board Member 1.00 X 0 0 0 Rob Koppinger Board Member 1.00 X 0 0 0 Ross Wilmes Board Member starting Feb 2024 1.00 X 0 0 0 Scott Becker Board Member 1.00 X 0 0 0 Scott LaCoe Board Member 1.00 X 0 0 0 Stacy Tschider Board Member 1.00 X 0 0 0 Susan Walker Weiand Board Member 1.00 X 0 0 0 Tammy Nygard Board Member starting Feb 2024 1.00 X 0 0 0 Terry Daffinrud Board Member 1.00 X 0 0 0 Terry Kraft Board Member 1.00 X 0 0 0 Thomas Atkinson Board Member 1.00 X 0 0 0 Tim Wetzel Board Member Nov 2023-Feb 2024 1.00 X 0 0 0 Todd Schaffer Board Member 1.00 X 0 0 0 Tony Welder Board Member 1.00 X 0 0 0 Tricia Arenz Board Member until May 2024 1.00 X 0 0 0 Tricia Schlosser Board Member 1.00 X 0 0 0 Wade Boeshans Board Member 1.00 X 0 0 0 Zac Weis Board Member 1.00 X 0 0 0 Kari Knudson NV Executive Director 40.00 X 161854 0 40143 Douglas Jensen NV President of Bismarck State College 1.00 X 0 0 0 Rebecca Collins NV Secretary-Treasurer 1.00 X 0 0 0 161854 0 40143 1 0 0 1 0 5420 1700000 8720827 459588 10426247 Student Housing 532000 357994 357994 Other Revenue 900099 9643 9643 367637 1184372 1184372 1611287 1611287 20228630 7680 19846183 0 382447 7680 390127 390127 41795 5420 10283 31512 31512 14011182 367637 0 3217298 2248592 2248592 946480 946480 372813 92292 119932 160589 2589 1126 1463 199026 199026 40551 17721 7610 15220 540 540 25133 8647 6136 10350 16437 13775 887 1775 3284 3284 5492 1126 3240 1126 129343 129343 439230 429483 3381 6366 46211 27738 6123 12350 General Fundraising Cam 63819 63819 Uncollectible Pledges 42048 42048 Development 31212 31212 21700 1262 3864 16574 4634500 3991385 351662 291453 840819 946351 1386406 5768127 36308 15216 529697 481866 42860 48218 18762100 6193999 12983974 12568101 29899925 37868786 242274 257857 7640643 7908748 53602906 65863270 244517 317485 45500 24500 89319 85952 4361640 4173113 3519293 3507611 8260269 8108661 X 10716837 10456275 34625800 47298334 45342637 57754609 53602906 65863270 X 9376682 2508262 527028 X 0 1 X 1 0 X 2882671 2049083 4217455 3735961 10426247 23311417 2882671 2049083 4217455 3735961 10426247 23311417 5496711 17814706 728843 920076 1371326 1376620 2795659 7192524 7740 7740 30511681 2315945 0.58390 0.62400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52265 X Study of Art Appreciation 0 28620420 6873759 3258745 676214 38076710 25879649 1110997 1932606 302832 28620420 26331170 3518653 -3373412 596762 25879649 20631718 1763688 4638948 703184 26331170 18046966 2838461 167820 421529 20631718 0.06550 0.76370 0.17080 0 0 192000 1200000 1392000 16573824 5723007 10850817 156516 156514 2 121978 517782 314478 325282 12568101 Art Collection 52265 Beneficial Interest in Perpetual Trust 1550430 Investments Held in Trust 6181215 Other Assets 124838 7908748 Unitrust Payments Due Grantors 2706856 Unitrust Remainder Due Shared Beneficiaries 114282 Charitable Lead Trust Due Grantors 386629 Annuities Payable 298582 Lease Liability 1262 3507611 X 16957603 2508262 40032 586870 3135164 13822439 199026 -10283 188743 14011182 4503945 40032 28439 68471 4435474 199026 199026 4634500 Part III, Line 4: The Foundation maintains a collection of drawings, medallions, and books, as well as some Pre-Columbian art which was donated to the Foundation over 20 years ago. The Foundation uses the collection in the study of art appreciation. Part V, Line 4: Endowment funds are used to fund programs at Bismarck State College, including scholarships and grants. From time to time, certain donor-restricted endowment funds may have fair values less than the amount required to be maintained by donors or by law (underwater endowments). The Foundation has interpreted UPMIFA to permit spending from underwater endowments in accordance with prudent measures required under law. At June 30, 2024, funds with original gift values of $355,084, fair values of $340,181, and deficiencies of $14,902 were reported in net assets with donor restrictions. Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefit and liability in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Change in Value of Split Interest Agreements 511,354. Revenue From Alumni Association 59,842. Change in Life Insurance Value 15,674. Part XI, Line 4b - Other Adjustments: Special Events Expense Reported in Expenses on Financial Statements -10,283. Part XII, Line 2d - Other Adjustments: Special Event Expenses Reported in Revenue on Form 990 10,283. Expenses from Alumni Association 18,156. President's Cup Golf 41090 4095 36995 1225 8288 179 76 President's Run 6125 1325 4800 64 451 47215 5420 41795 1225 8288 243 527 10283 31512 1 Bismarck State College PO Box 5587 Bismarck ND 58506 450343495 State College 1809485 439107 FMV In-kind donations for programs Support for general operations and programing 1 0 Scholarships paid to Bismarck State College for BSC Students 616 865322 BSC Student Recognition Awards 91 4810 11870 Actual cost PTK membership Dues, certificates/folders, food, programs BSC Employee Recognition Awards 76 16762 9116 Actual cost Programs, decorations, entertainment and food Jack Fellowship 1 25000 Scholarships paid to North Dakota State University for scholarships of graduates of BSC 3 5000 Scholarships paid to Minot State University for scholarships of graduates of BSC 1 2000 Scholarships paid to North Dakota University System for Career Builders Scholarships 1 4600 Scholarships paid to University of North Dakota for scholarships of graduates of BSC 1 1000 Scholarships paid to Dickinson State University for scholarships of graduates of BSC 1 1000 Part I, Line 2: Bismarck State College's business office monitors the use of the grants and scholarships. Part III, Column (b): The number of recipients is based on the actual listing of students or employees that received grants or assistance. X 1 1 0 0 0 0 0 0 0 0 0 Kari Knudson NV Executive Director 161854 0 0 0 0 0 21479 0 19239 0 202572 0 0 0 Part I, Line 1a The Foundation pays for the Rotary Club dues for the Executive Director. The Rotary Club dues were not included in taxable income. Part II: The Executive Director is paid by an unrelated company, Bismarck State College, for services as the Executive Director for Bismarck State College Foundation. Total compensation paid to Kari Knudson by the unrelated company is noted above. A City of Washburn 456002183 2007-04-10 7944818 Construction of single facility 0 0 0 B City of Center 456004957 2014-10-28 5250000 Construction of two residence halls 0 0 0 A 7462952 7944818 131698 7813120 2008 0 0 1 1 B 1541412 5250000 15638 5234362 2016 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 1 0 0 0 0 A 0 B 0 Schedule K Part II, Line 3C: The project related to this bond issue was started in 2014; proceeds spent equal the issue price. Construction was completed in June 2016. X 1 494 Selling Price X Equip/Materials & Supplies 20 457269 Selling Price X Food 2 1825 Selling Price 0 0 1 1 Part I, Column (b): Number of contributions is the number listed in Part I (b). Part I, Line 32b: The Organization may retain the services of a board member who is a real estate agent to assist in the sale of donated property. Form 990, Part VI, Section A, line 1a The Executive Committee shall consist of the officers of the Board, the President of BSC, and the Executive Director, both ex-officio, non-voting. The Executive Committee shall have power to hold meetings at such times and places as it deems advisable and to take such action as may be necessary or proper to carry out the purposes of the Foundation. Excepting matters which the Board of Trustees is required to act actions by the Executive Committee shall have the authority of the Board of Trustees. The Committee has the authority to review, make modifications to and recommend approval of the proposed Foundation annual fiscal year budget. The Committee shall forward the recommended proposed budget to the Board of Trustees for final approval. The Committee shall also be authorized to review, modify, reject or recommend approval of any proposed amendments to the approved fiscal year budget. The Committee shall forward any recommended budget changes to the Board of Trustees for final approval. The Executive Committee shall also serve as the Audit Committee for the Foundation. As such, it shall review and approve the annual audit and Management Letter. Form 990, Part VI, Section A, line 2 Stacy Tschider and Loren Kopseng have a business relationship. Douglas Jensen, Rebecca Collins, and Kari Knudson have a business relationship with each other and with Deb Mantz, Kene Miller, Katie Robinson, David Sagsveen, Alicia Uhde, Jeffery Wuitschick. Glenn Bosch and Terry Daffinrud have a business relationship. Marby Hogen and Loren Kopseng have a family relationship. Rob Koppinger and Chad Wachter have a business relationship. Lee Weisbeck and Curt Walth have a business relationship. Form 990, Part VI, Section B, line 11b The Public Disclosure copy of the Form 990 is available for review by the full Board of Directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The policy covers all board members and foundation employees. The conflict of interest statements are completed and reviewed annually. The Executive Director, and Controller review the statements to determine whether a conflict exists. Conflicts would be reviewed by the Executive Director and depending on the situation, the board member is not allowed to vote on anything that involves the related entity or relationship. Form 990, Part VI, Section B, line 15 Kari Knudson is paid by an unrelated organization. The Human Resource Director of the unrelated organization gathers compensation information based upon a North Dakota Colleges survey (state and regional). An independent committee (Executive Council of the College) establishes the compensation and the results are documented in an employment contract. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Form 990, Part XI, line 9: Change in Life Insurance Value 15,674. Change in Value of Split Interest Agreements 511,354. Student Housing LLC PO Box 5587 Bismarck ND 585065587 471109872 Residential Real Estate Rental ND 338533 4616098 Bismarck State College Foundation Property Holdings LLC PO Box 5587 Bismarck ND 585065587 471677740 Commercial Real Estate Rental ND 13 6834 Bismarck State College Foundation Bismarck State College National Alumni Association PO Box 5587 Bismarck ND 585065587 363291146 Support Bismarck State College ND 501(c)(3) Line 7 Bismarck State College Foundation 1 Charitable Remainder Unitrusts (9) Charitable Trust ND N/A T 1 Charitable Lead Trusts (3) Charitable Trust ND N/A T 1 Perpetual Trust (1) Charitable Trust ND N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1