2026-09-08T17:48:38-07:00 2025-06-30 484186166 Freeman and Bonnema PLLC PO Box 514 Circle Pines MN 55014 990 2024-07-01 953732280 DAYSTAR US INC DAYS 9529282550 8011 34th Avenue South Bloomington MN 55425 Alan Cooke Executive Director 9529282550 2026-09-08 1 1 Edward Bonnema P01691009 7637174558 2026-09-08 2024 Alan Cooke 8011 34th Avenue South C50 Bloomington MN 55425 1062742 0 X www.daystarus.org X 1982 CA To advance the education of Christian servant leaders to transform Africa. 14 14 5 13 0 0 898111 921437 311 0 264799 141305 0 0 1163221 1062742 246435 620936 0 0 342451 266281 0 0 124890 171596 206929 760482 1094146 402739 -31404 2951736 3097988 39605 307419 2912131 2790569 TO ADVANCE THE EDUCATION OF CHRISTIAN SERVANT LEADERS TO TRANSFORM AFRICA. 0 0 620936 620936 0 DAYSTAR UNIVERSITY - SCHOLARSHIP SUPPORT: DAYSTAR U.S. RAISES FUNDS FOR SCHOLARSHIPS AND PROVIDES ADMINISTRATIVE SERVICES AND GUIDANCE TO ASSIST AND FACILITATE A PROCESS TO HELP QUALIFIED, BUT FINANCIALLY NEEDY STUDENTS TO ACHIEVE A COLLEGE EDUCATION AT DAYSTAR UNIVERSITY IN NAIROBI, KENYA. 11214 0 DAYSTAR UNIVERSITY - MISSIONARY SUPPORT - TO PROVIDE SUPPORT TO MISSIONARIES 15950 0 DAYSTAR UNIVERSITY - LOAN PROGRAM AND OTHER: TO PROVIDE LOANS TO STUDENTS AND OTHER SUPPORT. 160040 0 SUPPORT FOR PROGRAMS DESIGNED TO PROVIDE CHRISTIAN MINISTRIES TRAINING FOR THOSE ALREADY IN CAREER FIELDS AND FOR PROGRAMS TO PROVIDE ADDITIONAL FACULTY RESOURCES. 160040 0 0 808140 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 5 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN X ALAN COOKE 9529282550 8011 34th Avenue South Bloomington MN 55425 ALAN COOKE CHIEF EXECUTIVE OFFICER 40 X 75075 0 19917 WILLIAM BOULWARE CHAIR 1 X 0 0 0 STEVE O'NEIL VICE CHAIR 1 X 0 0 0 IAN WANGA TREASURER 1 X 0 0 0 DR ELOISE-MARIE LOEFFLER SECRETARY 1 X 0 0 0 DR SHAMILLA AMULEGA DIRECTOR 1 X 0 0 0 DR JAY BARNES DIRECTOR 1 X 0 0 0 DR DAVE BRANDT DIRECTOR 1 X 0 0 0 JACK EUGSTER DIRECTOR 1 X 0 0 0 DR DEB HARLESS DIRECTOR 1 X 0 0 0 RANDY JOHNSON DIRECTOR 1 X 0 0 0 DR GARRY MORGAN DIRECTOR 1 X 0 0 0 DR JANET SOMMERS DIRECTOR 1 X 0 0 0 RON TSCHETTER DIRECTOR 1 X 0 0 0 75075 0 19917 0 0 0 0 0 0 0 0 322974 0 598463 0 921437 0 141305 0 0 141305 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1062742 0 0 141305 620936 620936 94992 18999 28498 47495 124831 60949 39448 24434 6421 3116 2028 1277 24546 12236 7771 4539 15491 5887 4802 4802 3013 3013 31836 31836 18671 7095 5788 5788 9918 9918 25031 6946 12418 5667 20876 18788 1044 1044 30871 6174 6174 18523 8561 2831 5273 457 1953 1757 98 98 3358 3022 168 168 MISSIONARY SUPPORT 11214 11214 0 0 EQUIPMENT RENTAL AND REPAIRS 13600 12240 680 680 MISCELLANEOUS 12077 0 12077 0 LOAN PROGRAM SUPPORT AND OTHER 15950 15950 0 0 1094146 808140 161116 124890 573055 938918 230723 109665 9480 13872 5696 25402 22117 5237 3285 1220590 1374544 769151 661600 29443 104465 2951736 3097988 25111 12335 14494 295084 39605 307419 X 564308 674537 2347823 2116032 2912131 2790569 2951736 3097988 -31404 81565 0 0 -171723 0 X X 0 1 X 1 0 X 1092936 1926150 1332523 898111 921437 6171157 1092936 1926150 1332523 898111 921437 6171157 922049 5249108 53561 32054 63291 264799 141305 555010 6726167 0.78040 0.668 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1107324 15500 150535 0 0 13880 1259479 939783 31204 241666 0 0 -7937 1220590 954879 12500 45510 0 59977 13129 939783 1046010 18100 -99615 0 0 9616 954879 808496 41488 202789 0 0 6763 1046010 0 0.59 0.41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25402 22117 3285 0 0 0 0 3285 INVESTED FUNDS HELD AT DAYSTAR UNIVERSITY 661600 F 661600 0 LEASE LIABILITY 89516 DUE TO DAYSTAR UNIVERSITY 205568 295084 X 1144307 81565 0 0 0 81565 1062742 0 0 0 1062742 1094146 0 0 0 0 0 1094146 0 0 0 1094146 Schedule D, Part V, Line 4 ANY NET GAINS OF INTEREST AND DIVIDENDS FOR SCHOLARSHIPS ARE DESIGNATED AS FUNDS AVAILABLE FOR DISBURSEMENT FOR SCHOLARSHIPS FOR DAYSTAR UNIVERSITY. THE DAYSTAR U.S. BOARD, AT ITS SPRING BOARD MEETINGS, USUALLY VOTES TO DISTRIBUTE 50% OF THOSE FUNDS AVAILABLE FOR DISBURSEMENT, AND THEY ARE THEN DISBURSED EARLY INTO THE NEXT FISCAL YEAR. BY DISTRIBUTING LESS THAN 100%, USUALLY 50%, THE ENDOWMENT FUND ASSETS, IN THEORY, SHOULD CONTINUE TO INCREASE ANNUALLY, THEREBY INCREASING AVAILABLE FUNDS FOR DISBURSEMENT YEAR AFTER YEAR. Schedule D, Part X, Line 2 FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE CURRENT AND PRIOR THREE YEARS RETURNS. DAYSTAR IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. 0 Sub-Saharan Africa Grantmaking Scholarship, missionary, loans, capital expansion, and other support. 636886 0 0 636886 Sub-Saharan Africa Scholarships and Loans 628886 Wire Transfer 0 1 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 DAYSTAR ASKS THE GRANTEE FOR BUDGETS AND ACCOUNT BALANCES FOR INDIVIDUAL SCHOLARSHIP FUNDS TO INSURE APPROPRIATE USE OF FUNDS. THEY ASK THE GRANTEE TO SUPPLY RECEIPTS AND ACCOUNTING SUMMARIES FOR CAPITAL CONSTRUCTION PROJECTS AND FUNDS. AND THEY ASK FOR VERIFIABLE STATISTICS AND ENROLLMENT NUMBERS FOR SPECIAL PROJECTS AND CMT COURSES. Schedule F, Part I, Line 3 DAYSTAR RECEIVES SUMMARY BANK STATEMENTS OF THE GRANTEE TO VERIFY DEPOSITS AND WITHDRAWALS OF THE MONEY THAT IS WIRED TO THE GRANTEE. Form 990, Part I, Line 2 DAYSTAR ASKS THE GRANTEE FOR BUDGETS AND ACCOUNT BALANCES FOR INDIVIDUAL SCHOLARSHIP FUNDS TO INSURE APPROPRIATE USE OF FUNDS. THEY ASK THE GRANTEE TO SUPPLY RECEIPTS AND ACCOUNTING SUMMARIES FOR CAPITAL CONSTRUCTION PROJECTS AND FUNDS. AND THEY ASK FOR VERIFIABLE STATISTICS AND ENROLLMENT NUMBERS FOR SPECIAL PROJECTS AND CMT COURSES. Form 990, Part I, Line 3 DAYSTAR RECEIVES SUMMARY BANK STATEMENTS OF THE GRANTEE TO VERIFY DEPOSITS AND WITHDRAWALS OF THE MONEY THAT IS WIRED TO THE GRANTEE. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM AND IS PRESENTED TO THE ORGANIZATION'S MANAGEMENT FOR REVIEW PRIOR TO COMPLETION. A FINAL COPY OF THE FORM 990, AS FILED WITH THE IRS, IS MADE AVAILABLE TO THE ENTIRE BOARD BEFORE IT IS FILED WITH THE IRS. Form 990, Part VI, Section B, Line 12c BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. Form 990, Part VI, Section B, Line 15 THE BOARD, COMPRISED OF INDEPENDENT INDIVIDUALS, REVIEWS AND APPROVES COMPENSATION BASED ON REASONABLE AND COMPARABLE MARKETPLACE COMPENSATION DATA. THESE DELIBERATIONS ARE NOTED IN THE CORPORATE MINUTES. Form 990, Part VI, Section C, Line 18 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part VI, Section C, Line 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XII, Line 2c THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. Reasonable Cause Statement for Late Filing: The Organization respectfully requests waiver of any late-filing penalty under IRC § 6652(c)(1)(A) based on reasonable cause. Due to the illness and mid-year departure of the Organization's Chief Financial Officer, transition to a new bookkeeper, the new bookkeeper's need to learn the Organization's accounting systems, and preparation for an audit with a new audit firm, the Organization was unable to complete and review the financial information necessary to timely and accurately file Form 990. The Organization exercised ordinary business care and prudence, filed the return as soon as the necessary information was available, and has implemented additional procedures to help ensure timely filing in future years. Under penalties of perjury, I declare that I have examined this statement and, to the best of my knowledge and belief, the facts stated above are true, correct, and complete.