2026-04-20T14:48:39-05:00 2025-06-30 992923038 BRADY MARTZ PLLC PO BOX 848 MINOT ND 587020848 990 2024-07-01 450344784 MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION MINO 7018583368 500 UNIVERSITY AVE W MINOT ND 58707 RICK HEDBERG EXECUTIVE DIRECTOR 7018583368 2026-04-16 1 1 TORY J HILL CPA P01087169 7018520196 2026-04-16 2024 2025-03-06 01:10:19Z RICK HEDBERG 500 UNIVERSITY AVE W MINOT ND 58707 6976448 0 X N/A X 1943 ND TO ESTABLISH, PROMOTE AND STIMULATE VOLUNTARY FINANCIAL SUPPORT FOR THE BENEFIT OF MINOT STATE UNIVERSITY, ESPECIALLY IN BUILDING OF ENDOWMENT AND IN ADDRESSING THE LONG-TERM PRIORITIES OF THE UNIVERSITY. 11 11 0 17 0 16902 4182449 2425446 0 0 1400442 2865928 85173 383198 5668064 5674572 4509850 2247133 0 0 584341 933331 0 0 560536 574028 752634 5668219 3933098 -155 1741474 61683908 65369602 10496725 10569702 51187183 54799900 TO ESTABLISH, PROMOTE AND STIMULATE VOLUNTARY FINANCIAL SUPPORT FOR THE BENEFIT OF MINOT STATE UNIVERSITY, ESPECIALLY IN BUILDING OF ENDOWMENT AND IN ADDRESSING THE LONG-TERM PRIORITIES OF THE UNIVERSITY. 0 0 2788358 2247133 PROVIDE SCHOLARSHIPS TO STUDENTS BASED ON CRITERIA AND SUPPORT THE UNIVERSITY THROUGH FUNDRAISING AND FUNDING OF VARIOUS CAMPUS PROJECTS AND UNIVERSITY ACTIVITIES. 2788358 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 32 0 1 0 1 1 0 0 0 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 0 0 0 X BRADY MARTZ 7018520196 24 WEST CENTRAL AVE MINOT ND 58702 KATHY AAS DIRECTOR 0.30 X 0 0 0 JON BACKES PRESIDENT 0.30 X X 0 0 0 LESLIE COUGHLIN DIRECTOR 0.30 X 0 0 0 DAVID GOWAN DIRECTOR 0.30 X 0 0 0 KENT KIRKHAMMER DIRECTOR 0.30 X 0 0 0 KAREN KREBSBACH DIRECTOR 0.30 X 0 0 0 DAN LANGEMO VICE PRESIDENT 0.30 X X 0 0 0 JARID LUNDEEN DIRECTOR 0.30 X 0 0 0 TOM PROBST DIRECTOR 0.30 X 0 0 0 BOB SANDO DIRECTOR 0.30 X 0 0 0 MYRON THOMPSON DIRECTOR 0.30 X 0 0 0 RICK HEDBERG EXECUTIVE DIRECTOR (EX-OFF 5.00 X 0 181802 43779 0 181802 43779 0 0 1 0 0 37418 2388028 2425446 1838294 1838294 233626 233626 1318679 1301876 16803 16803 16803 1027634 0 1027634 1027634 1027634 MISC INCOME 711210 160347 160347 LESS INCOME REPORTED ON MSU BEAVE 900099 -27578 -27578 132769 5674572 132769 0 3116357 2247133 2247133 933331 108466 434931 389934 43105 2789 20158 20158 52383 31430 10476 10477 85147 74163 5492 5492 60440 36264 12088 12088 68361 41016 13673 13672 7511 4507 1502 1502 LICENSES, PERMITS, AND 110685 66411 22137 22137 MISCELLANEOUS 73080 35422 18829 18829 POSTAGE AND DELIVERY 59196 35518 11839 11839 SUPPLIES 44054 26432 8811 8811 148672 78807 24268 45597 3933098 2788358 584204 560536 2136658 627224 1699618 1463951 13475 14751 452724 16953 47184 15086642 3769202 11235964 11317440 45165667 50133677 1415573 1312651 61683908 65369602 46885 203448 5080336 4729407 5369504 5636847 10496725 10569702 X 9062422 9175491 42124761 45624409 51187183 54799900 61683908 65369602 1741474 2266446 222649 -617852 0 X X 0 1 X 1 0 X X 1 MINOT STATE UNIVERSITY 456002481 6 1 2247133 0 1 2247133 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41738593 2102651 4133898 3982775 43992367 36582154 3243372 4743265 2830198 41738593 33608116 2707523 3132386 2865871 36582154 35107631 4481285 -3294916 2685884 33608116 29525716 1446199 6403765 2268049 35107631 0.03985 0.93253 0.02762 0 0 1636761 1636761 13322349 3648168 9674181 127532 121034 6498 11317440 ANNUITIES PAYABLE 498173 DUE TO MINOT STATE UNIVERSITY 735665 INVESTMENTS HELD FOR MINOT STATE UNIVERSITY 4159935 DUE TO BEAVER BOOSTERS 243074 5636847 X 8875269 2266446 222649 1329454 3818549 5056720 617852 617852 5674572 5234974 1301876 1301876 3933098 0 3933098 PART V, LINE 4: PAYMENT OF SCHOLARSHIPS. 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 RULING, 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: BEAVER BOOSTERS INCOME REPORTED WITH DEVELOPMENT FOUNDATION 27,578. RENTAL EXPENSES NETTED WITH RENTAL INCOME ON PAGE 1 LINE 11 1,301,876. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME ON PAGE 1 LINE 11 1,301,876. 1 MINOT STATE UNIVERSITY 500 UNIVERSITY AVE W MINOT ND 58701 456002481 501(C)(3) 2247133 0 PROVIDE SCHOLARSHIP FUNDS TO MINOT STATE UNIVERSITY STUDENTS 1 0 PART I, LINE 2: AWARDS ARE DISBURSED ACCORDING TO CRITERIA ESTABLISHED BY THE DEVELOPMENT FOUNDATION. 0 0 0 0 0 0 0 0 0 RICK HEDBERG EXECUTIVE DIRECTOR (EX-OFF 0 181802 0 0 0 0 0 23417 0 20362 0 225581 0 0 PART I, LINE 3 COMPENSATION OF OFFICERS IS DETERMINED BY THIS FOUNDATION'S RELATED ENTITY, MINOT STATE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MONITOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FOUNDATION'S PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. SEA VENTURES IN LEARNING LLC 500 UNIVERSITY AVE W MINOT ND 58707 990372514 LEARNING LAB FOR MSU STUDENTS ND 0 0 MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION MINOT STATE UNIVERSITY 500 UNIVERSITY AVE W MINOT ND 58701 456002481 UNIVERSITY ND 501(C)(3) LINE 6 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 MINOT STATE UNIVERSITY B 2247133 FMV MINOT STATE UNIVERSITY O 773377 FMV