2026-01-13T16:15:26-06:00 2025-06-30 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-07-01 363432018 FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH FUND 6053571302 1400 WEST 22ND STREET SIOUX FALLS SD 57105 DR TIM RIDGWAY PRESIDENT 6053571302 2025-12-22 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-12-10 2024 2025-03-06 01:10:19Z DR TIM RIDGWAY 1400 WEST 22ND STREET SIOUX FALLS SD 57105 668045 0 X N/A X 1985 SD ASSIST THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE AND ITS FACULTY. 10 1 0 12 0 0 408820 411360 219938 137213 83587 119472 0 0 712345 668045 32800 185627 0 0 0 0 0 0 0 435314 444119 468114 629746 244231 38299 4365339 4525033 330 703 4365009 4524330 ASSIST THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE AND ITS FACULTY TO MEET THE SCHOOL'S PRIMARY GOALS OF RESEARCH, EDUCATION, AND PATIENT CARE. 0 0 599102 185627 137213 SPONSORS SEMINARS AND OTHER EDUCATIONAL EVENTS TO SUPPORT THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE THROUGH RESEARCH, EDUCATION, AND PATIENT CARE. 599102 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 1 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X ASHLEY BACOULIS 6053571302 1400 WEST 22ND STREET SIOUX FALLS SD 57105 ERIC LARSON MD DIRECTOR 1.00 19.00 X 0 278226 16694 GARY TIMMERMAN MD SECRETARY 1.00 19.00 X X 0 451057 31637 JEROME FREEMAN MD DIRECTOR 1.00 15.00 X 0 201976 0 KEITH HANSEN MD VICE PRESIDENT 1.00 19.00 X X 0 280388 31631 MICHELLE BAACK MD DIRECTOR 1.00 19.00 X 0 305709 18343 SHEILA GESTRING MBA DIRECTOR 1.00 39.00 X 0 449906 49579 TIM RIDGWAY MD PRESIDENT 1.00 39.00 X X 0 711986 31637 TIMOTHY SOUNDY MD TREASURER 1.00 19.00 X X 0 257436 33513 DESIRAE MUIRHEAD MD DIRECTOR 1.00 19.00 X 0 226530 0 CAROLYN GILBERTSON DIRECTOR 0.40 5.00 X 0 0 0 ASHLEY BACOULIS FIN & ADMIN SERV SPECIALIST 4.00 36.00 X 0 65000 19764 0 3228214 232798 0 0 1 0 0 411360 411360 CHANGE IN BENEFICIAL I 900099 75173 75173 PROGRAM SERVICE REVENU 611710 62040 62040 137213 77448 77448 42024 0 42024 42024 42024 668045 137213 0 119472 X 176700 176700 8927 8927 3206 3206 4520 4520 168871 168871 11893 11893 21994 21994 924 924 21702 21702 59334 59334 2365 2365 MEAL SUPPLIES 86807 86807 WELLNESS ACTIVITIES 45327 45327 EMPLOYEE RELATIONS 10352 10352 RENT/LEASE OFFICE EQUIP 4650 4650 2174 2174 629746 599102 30644 0 68779 58230 21907 770 3058 3058 2943983 2172644 830672 771339 3440923 3691636 4365339 4525033 330 703 330 703 X 2150336 2234483 2214673 2289847 4365009 4524330 4365339 4525033 38299 121022 0 X X 0 0 0 X X 1 UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE 466000364 6 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART I, LINE 11G, COLUMN (V): THE ORGANIZATION DOES NOT PROVIDE MONETARY SUPPORT TO THE SUPPORTED ORGANIZATION. INSTEAD, IT PROVIDES SEVERAL SERVICES WHICH ARE USED TO PROMOTE THE OVERALL GOAL OF RESEARCH, EDUCATION, AND ASSOCIATED PATIENT CARE. PART IV, SECTION A, LINE 2: UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE, THE SUPPORTED ORGANIZATION, IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS BECAUSE IT IS A STATE UNIVERSITY OPERATED UNDER THE STATE OF SOUTH DAKOTA. PART IV, SECTION D, LINE 2 THE DEAN OF UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE, THE SUPPORTED ORGANIZATION, IS A DIRECTOR ON THE GOVERNING BOARD FOR FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH (FAMER). ADDITIONALLY, THE DEAN APPOINTS AT LEAST ONE OTHER PERSON TO THE BOARD. CURRENTLY, THE APPOINTED PERSON IS THE PRESIDENT OF THE UNIVERSITY OF SOUTH DAKOTA (USD). UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE IS UNDER THE CONTROL OF USD. THE POSITION IS ONGOING. PART IV, SECTION D, LINE 3: AS A DIRECTOR FOR FAMER, THE DEAN OF THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE IS DIRECTLY INVOLVED IN INVESTMENT POLICIES, MAKING AND TIMING OF GRANTS, AND DIRECTING THE USE OF FAMER'S INCOME AND ASSETS. THE DEAN OF THE SUPPORTED ORGANIZATION ACTS AS THE PRESIDENT OF FAMER'S BOARD OF DIRECTORS AND HAS THE ABILITY TO VOTE ON ALL MATTERS PUT BEFORE THE BOARD. THE DEAN HAS APPOINTED THE PRESIDENT OF USD TO THE BOARD OF FAMER. THE USD PRESIDENT IS A VOTING MEMBER ON THE BOARD OF FAMER AND HAS THE ABILITY TO VOTE ON ALL MATTERS. PART IV, SECTION E, LINE 2A: THE PRIMARY GOALS OF THE SUPPORTED ORGANIZATION ARE RESEARCH, EDUCATION, AND ASSOCIATED PATIENT CARE. FAMER FURTHERS THESE GOALS AND THE EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION BY ENGAGING IN CONTINUOUS ACTIVE MEDICAL EDUCATION AND RESEARCH, IMPROVING THE SUPPORTED ORGANIZATION'S TEACHING RESOURCES, RESEARCH RESOURCES, AND SERVICE OPPORTUNITIES, PROVIDING INSTRUCTION AND TRAINING OF STUDENTS, RESIDENTS AND FACULTY AT THE SUPPORTED ORGANIZATION, AND FURTHERING PROGRAMS OF MEDICAL DEVELOPMENT, EDUCATION, AND RESEARCH IN SOUTH DAKOTA. IN ADDITION, FAMER SOLICITS AND RECEIVES FUNDS AND PROPERTY TO BE USED FOR PROMOTING THE EDUCATION AND TRAINING OF MEDICAL PERSONNEL. PART IV, SECTION E, LINE 2B: IN ORDER TO KEEP ITS FACULTY CURRENT IN THE MEDICAL FIELD, WHICH IS NECESSARY FOR EDUCATING MEDICAL STUDENTS, THE SUPPORTED ORGANIZATION WOULD NEED TO ENGAGE IN THE ACTIVITIES THAT FAMER CONDUCTS WHICH WERE MENTIONED IN THE PREVIOUS PARAGRAPH. ALL OF THESE ACTIVITIES WOULD BE CONDUCTED BY THE SUPPORTED ORGANIZATION IF NOT FOR FAMER. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2373354 1602015 771339 570629 570629 0 771339 USD FOUNDATION INVESTMENTS 2469797 F ANTON SCHWARZ ENDOWMENT 1221839 F 3691636 1 SANFORD HEALTH FOUNDATION PO BOX 5039 SIOUX FALLS SD 57117 363297853 501C3 176700 0 SANFORD'S GI FELLOWSHIP PROGRAM 1 0 SCHOLARSHIP 23 8927 THE AWARDS ARE IN RECOGNITION OF EXCELLENCE IN MEDICINE PART I, LINE 2: THE ORGANIZATION HAS NOT ADOPTED A FORMAL POLICY OR PROCEDURE TO MONITOR THE USE OF GRANT FUNDS. A DONATION WAS GIVEN TO SANFORD HEALH FOUNDATION TO PURCHASE A ENDO MENTOR SUITE SIMULATOR. 0 0 0 0 0 0 0 0 0 TIM RIDGWAY MD PRESIDENT 0 711986 0 0 0 0 0 31637 0 0 0 743623 0 0 SHEILA GESTRING MBA DIRECTOR 0 449906 0 0 0 0 0 31637 0 17942 0 499485 0 0 GARY TIMMERMAN MD SECRETARY 0 451057 0 0 0 0 0 31637 0 0 0 482694 0 0 MICHELLE BAACK MD DIRECTOR 0 305709 0 0 0 0 0 18343 0 0 0 324052 0 0 KEITH HANSEN MD VICE PRESIDENT 0 280388 0 0 0 0 0 23754 0 10877 0 315019 0 0 ERIC LARSON MD DIRECTOR 0 278226 0 0 0 0 0 16694 0 0 0 294920 0 0 TIMOTHY SOUNDY MD TREASURER 0 257436 0 0 0 0 0 21137 0 12377 0 290950 0 0 DESIRAE MUIRHEAD MD DIRECTOR 0 226530 0 0 0 0 0 0 0 0 0 226530 0 0 JEROME FREEMAN MD DIRECTOR 0 201976 0 0 0 0 0 0 0 0 0 201976 0 0 PART I, LINE 3 COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION, UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE. COMPENSATION IS REVIEWED ANNUALLY AND IS BASED ON THE COMPENSATION SCHEDULES FOR STATE OF SOUTH DAKOTA EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 2 ALL CURRENT BOARD OF DIRECTORS EXCEPT CAROLYN GILBERTSON ARE EMPLOYED BY THE UNIVERSITY OF SOUTH DAKOTA. SHEILA GESTRING IS THE PRESIDENT OF THE UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL CONSIST OF THE DEAN OF THE UNIVERSITY OF SOUTH DAKOTA SCHOOL OF MEDICINE, THE CHAIRPERSON OF EACH CLINICAL DEPARTMENT THAT HOLDS FUNDS IN FAMER, AND AN INDIVIDUAL APPOINTED BY THE DEAN. IF A VACANCY OCCURS IN THE BOARD OF DIRECTORS FOR ANY REASON, HIS OR HER SUCCESSOR SHALL BE APPOINTED BY THE DEAN. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE DISTRIBUTED ELECTRONICALLY TO THE GOVERNING BODY AT LEAST ONE WEEK PRIOR TO THE FILING DATE, AND REVIEWED IN DETAIL BY THE FINANCE & ADMINISTRATIVE SERVICES SPECIALIST, DIRECTOR OF FINANCE, AND DEAN OF THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY COVERS BOARD MEMBERS AND OFFICERS. AT THE BEGINNING OF EACH BOARD MEETING, MEMBERS AND OFFICERS ARE ASKED TO REVIEW THE AGENDA AND DISCLOSE ANY CONFLICTS RELATED TO THE MEETING TOPICS TO THE BOARD. WHEN ANY POSSIBLE CONFLICT OF INTEREST OF ANY MEMBER OF THE BOARD BECOMES RELEVANT TO ANY MATTER REQUIRING ACTION, THE MEMBER SHALL CALL IT TO THE ATTENTION OF THE BOARD, SHALL NOT VOTE ON SUCH MATTER, AND SHALL NOT ATTEMPT TO EXERT PERSONAL INFLUENCE IN CONNECTION THEREWITH. FORM 990, PART VI, SECTION B, LINE 15 MANAGEMENT DUTIES ARE DELEGATED TO THE FINANCE & ADMINISTRATIVE SERVICES SPECIALIST OF THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE (USDSSOM), A RELATED ORGANIZATION. THE ORGANIZATION RELIED ON USDSSOM TO DETERMINE COMPENSATION FOR THE FINANCE & ADMINISTRATIVE SERVICES SPECIALIST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G REIMBURSEMENT OF USD STAFF SALARY: PROGRAM SERVICE EXPENSES 168,762. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 168,762. OTHER: PROGRAM SERVICE EXPENSES 109. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 109. FORM 990, PART XII, LINE 2C THE ENTIRE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION AND OVERSIGHT OF THE INDEPENDENT PUBLIC ACCOUNTANT. FORM 990, PART VII, SECTION A 100% OF ASHLEY BACOULIS' GROSS WAGES AND BENEFITS ARE PAID BY THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE, AND APPROXIMATELY 10% OF HER TIME IS DEVOTED TO HER POSITION AS TOP MANAGEMENT OFFICIAL AT FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH. GROSS WAGES AND BENEFITS FOR THE OTHER OFFICERS AND DIRECTORS LISTED IN THE FORM 990 ARE NOT RELATED TO THEIR POSITIONS ON THE GOVERNING BODY OF FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH. UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE 1400 WEST 22ND STREET SIOUX FALLS SD 57105 466000364 MEDICAL TEACHING FACILITY SD NONE 0 SANFORD SCHOOL OF MEDICINE OF THE USD RESIDENCY CORP 1400 WEST 22ND STREET SIOUX FALLS SD 57105 460418678 PAYMASTER SD 501(C)(3) LINE 12C, III-FI SANFORD SCHOOL OF MEDICINE THE UNIVERSITY OF SD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0