2026-08-17T16:37:20-05:00 2026-03-31 423603499 Eide Bailly Advisory LLC 4310 17th Ave S Fargo ND 581033339 990PF 2025-04-01 923214972 Border States Foundation BORD 7012935834 2400 38th St S Fargo ND 58104 Jeremy Welsand Pres/Treasurer/CEO/CFO/Dir 7012935834 2026-08-17 1 Anne Stoll P00529460 7012398500 2026-08-17 2025 2025-03-06 01:10:19Z X 13121989 X 1664736 163801 163801 257573 257573 0 25000 0 2111110 421374 0 0 0 20833 0 15383 42793 42793 0 20195 0 0 3180 0 3180 87001 42793 18563 434736 634736 521737 42793 653299 1589373 378581 10785580 418929 418929 48500 1550000 800000 1550000 1550000 0 8964162 8964162 0 1679086 1679086 0 509812 509812 11634080 13121989 13121989 44985 20425 759114 559114 804099 579539 X 10829981 12542450 10829981 12542450 11634080 13121989 10829981 1589373 123096 12542450 0 12542450 5262 0 5262 0 5262 10528 0 0 0 10528 0 5266 5266 0 0 0 0 0 0 0 0 0 0 0 1 1 ND 1 0 0 0 0 1 N/A Drew LeClair 7012935834 2400 38th St S Fargo ND 58104 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Jeremy Welsand 2400 38th St S Fargo ND 58104 President/Treasurer/CEO/CFO/Director 1.00 0 0 0 Jason Stein 2400 38th St S Fargo ND 58104 Vice President/Director 1.00 0 0 0 Lisa Monson 2400 38th St S Fargo ND 58104 Secretary/Director 1.00 0 0 0 James Sipe 2400 38th St S Fargo ND 58104 Director 1.00 0 0 0 NONE 0 NONE 0 0 8049790 3639816 0 11689606 0 0 11689606 175344 11514262 575713 575713 5262 5262 570451 0 570451 0 570451 653299 0 653299 570451 526226 2024 65482 0 653299 526226 65482 0 61591 0 0 0 0 0 0 0 0 508860 0 0 0 X Furniture Mission of the Red River Valley 2600 3rd Avenue N Fargo ND 58102 PC Community support 2000 Make-a-Wish Foundation of America 1702 E Highland Ave Phoenix AZ 85016 PC Support for fulfilling the wishes of seriously ill children 2500 Greater Fargo Moorhead Economic Development Corporation 51 Broadway Fargo ND 58102 PC Innovate28 - cultivating regional growth in Fargo-Moorhead 200000 American Cancer Society Box 10393 Chicago IL 60610 PC Funds to support Walk and Roll Chicago - 8Y5LAVPO 5000 Essentia Health Foundation 3000 32nd Avenue South Fargo ND 58103 PC Funds to support patient care, advanced medical technology, and community health programs 1000 Schmidt Healing Hearts Foundation 2998 Prairie Farms Circle South Fargo ND 581046048 PC Support for young people diagnosed with rare diseases such as CTEPH, POVD, heart failure, or those in need of heart or lung transplants 5000 United Way of Cass-Clay PO Box 1609 Fargo ND 581071609 PC LIVE United Partner 12000 Lake Agassiz Habitat for Humanity PO Box 1022 Moorhead MN 56560 PC Support for 2025 Build 100000 Leflore County Humane Society 1810 Cypress Avenue Greenwood MS 38930 PC Support to provide protection, shelter, food, and medical care for cats and dogs 6000 United Way of Cass-Clay PO Box 1609 Fargo ND 581071609 PC Support for Giving Hearts Day 25000 Down Home 2102 12th Street North Fargo ND 58102 PC Support for Giving Hearts Day 50000 Tri-City United Soccer Club 2761 12th Avenue South Fargo ND 58103 PC Support for Giving Hearts Day 5000 Heart-N-Soul Community Cafe Inc 1610 12th Avenue S Fargo ND 58103 PC Support for Giving Hearts Day 8000 TNT Kid's Fitness 2800 Main Ave Fargo ND 58103 PC Support for Giving Hearts Day 12500 YWCA Cass Clay 4650 38th Ave S Ste 110 Fargo ND 58103 PC Support for Giving Hearts Day 15000 North Dakota FFA Foundation 909 Basin Avenue Bismarck ND 58504 PC Support for Giving Hearts Day 5000 BIO Girls Inc 4225 38th St S Fargo ND 58104 PC Support for Giving Hearts Day 10000 BIO Girls Inc 4225 38th St S Fargo ND 58104 PC Support for Giving Hearts Day 6535 Homeward Animal Shelter Inc 1201 28th Avenue North Fargo ND 58102 PC Support for Giving Hearts Day 7656 Jeremiah Program 3104 Fiechtner Drive Fargo ND 58103 PC Support for Giving Hearts Day 4855 Great North Pole 3220 4th St E West Fargo ND 58078 PC Support for Giving Hearts Day 1867 4 Luv of Dog Rescue 1523 23rd St S Moorhead MN 56560 PC Support for Giving Hearts Day 4855 Hope Blooms PO BOX 9705 Fargo ND 58106 PC Support for Giving Hearts Day 1681 Furniture Mission of the Red River Valley 2600 3rd Avenue N Fargo ND 58102 PC Support for Giving Hearts Day 934 Hope Inc PO Box 9283 Fargo ND 581069283 PC Support for Giving Hearts Day 1120 Ronald McDonald House Charities of the Red River Valley 4757 Agassiz Crossing South Fargo ND 58104 PC Support for Giving Hearts Day 7095 Schmidt Healing Hearts Foundation 2998 Prairie Farms Circle South Fargo ND 581046048 PC Support for Giving Hearts Day 8402 Hope Blooms PO BOX 9705 Fargo ND 58106 PC Support for Giving Hearts Day 1000 The Justin Wren Foundation 1401 Lavaca Street 102 Austin TX 78701 PC Support for providing clean water, education, and empowerment to Pygmy communities in Africa 10000 UND Center for Innovation Foundation 4200 James Ray Dr Grand Forks ND 58203 PC Equipment to support center for innovation entrepreneurial incubator 114736 634736 0 14 163801 14 257573 Taxable expenditure correction 25000 0 421374 25000 446374 11a Taxable Expenditure Correction 0 0 0 0 0 0 0 0 0 0 X X 1 Border States Industries Inc 2400 38th St S Fargo ND 58104 1664736 X X 1 Equipment - 2 PLC & HMI 114736 2025-08-31 Accounting fees 20833 0 15383 Pursuant to IRC Sec. 4942(h)(2) and Reg. 53.4942(a)-3(d)(2), The Border States Foundation hereby elects to treat current year qualifying distributions in excess of the immediately preceding tax year's undistributed income as being made out of undistributed income from the tax years ending:2024 - $65,482 AXONIC STRATEGIC INCOME-I (AXSIX) 85364 85364 BLACKROCK LOW DURATION BOND PORTFOLIO CL INSTL (BFMSX) 744824 744824 JPMORGAN STRATEGIC INCOME OPPORTUNITIES-R6 (JSOZX) 102878 102878 PAYDEN LOW DURATION FUND-SI (PYLDX) 746020 746020 DIMENSIONAL INTERNATIONAL VALUE ETF (DFIV) 527800 527800 ISHARES CORE S&P 500 ETF (IVV) 4929123 4929123 ISHARES CORE S&P MID-CAP ETF (IJH) 240137 240137 ISHARES CORE S&P SMALL-CAP ETF (IJR) 378524 378524 ISHARES CORE MSCI DEVELOPED MARKETS ETF (IDEV) 1266670 1266670 WISDOMTREE U.S. QUALITY DIVIDEND GROWTH ETF (DGRW) 432173 432173 PZENA EMERGING MARKETS VALUE-INST (PZIEX) 316480 316480 SEAFARER OVERSEAS GROWTH & INCOME INSTL CLASS (SIGIX) 367989 367989 HARBOR MID CAP VALUE (HNMVX) 224939 224939 TOUCHSTONE SANDS EMERGING MARKETS GROWTH-R6 (TSRMX) 280327 280327 AQR MANAGED FUTURES STRATEGY-R6 (AQMRX) FMV 57267 57267 AMERICAN BEACON AHL MANAGED FUTURES STRATEGY R5 (AHLIX) FMV 58194 58194 BLACKROCK EVENT DRIVEN EQUITY-IS (BILPX) FMV 96473 96473 CALAMOS MARKET NEUTRAL INCOME FUND CL I (CMNIX) FMV 82280 82280 EV GLOBAL MACRO ABSOLUTE RETURN ADV FUND R6 (EGRSX) FMV 111013 111013 GOTHAM ABSOLUTE RETURN-INSTITUTIONAL (GARIX) FMV 104585 104585 Office Expenses 3180 0 3180 Taxable expenditure correction 25000 25000 Unrealized gains 123096 Investment management fees 42793 42793 0 Federal Tax 20195 0 0