2026-06-15T08:57:33-05:00 2025-06-30 992923038 BRADY MARTZ PLLC PO BOX 848 MINOT ND 587020848 990 2024-07-01 832369114 WILLISTON STATE COLLEGE SUPPORTING FOUNDATION WILL 7015729275 PO BOX 1286 WILLISTON ND 588021286 LAURIE FURUSETH CHIEF FINANCIAL OFFICER 7015729275 2026-06-12 1 1 TORY J HILL CPA P01087169 7018520196 2026-05-19 2024 2025-03-06 01:10:19Z X LAURIE FURUSETH PO BOX 1286 WILLISTON ND 588021286 10310550 0 X WWW.WSCFOUNDATION.COM X 2018 ND TO ASSIST IN ACCOMPLISHING THE CHARITABLE/EDUCATIONAL PURPOSES OF THE WILLISTON STATE COLLEGE FOUNDATION BY PROMOTING AND SUPPORTING WILLISTON STATE COLLEGE, AN INSTITUTION OF HIGHER LEARNING LOCATED IN WILLISTON, NORTH DAKOTA. 11 11 0 15 0 0 562500 161450 0 0 1651499 1476112 4786418 3441143 7000417 5078705 0 6640130 0 0 0 0 0 0 0 1284 1520 1284 6641650 6999133 -1562945 34553964 34017215 775308 1074643 33778656 32942572 X WILLISTON STATE COLLEGE SUPPORTING FOUNDATION SUPPORTS THE ACTIVITIES OF WILLISTON STATE COLLEGE FOUNDATION, WHICH INCLUDES BUILDING RELATIONSHIPS WITH ALUMNI, DONORS, AND SURROUNDING COMMUNITIES; GENERATING FINANCIAL SUPPORT; FUNDING STUDENT AND FACULTY DEVELOPMENT SCHOLARSHIPS; AND LEADING CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS. 0 0 6640130 WILLISTON STATE COLLEGE SUPPORTING FOUNDATION SUPPORTS THE ACTIVITIES OF WILLISTON STATE COLLEGE FOUNDATION, WHICH INCLUDES BUILDING RELATIONSHIPS WITH ALUMNI, DONORS, AND SURROUNDING COMMUNITIES; GENERATING FINANCIAL SUPPORT; FUNDING STUDENT AND FACULTY DEVELOPMENT SCHOLARSHIPS; AND LEADING CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS. 6640130 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 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 0 1 0 0 0 1 0 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 1 1 0 X LAURIE FURUSETH 7015729275 721 E HIGHLAND DR SUITE D WILLISTON ND 58801 WARD KOESER DIRECTOR 0.50 0.50 X 0 0 0 BILL GATHMAN DIRECTOR 0.50 0.50 X 0 0 0 LANCE OLSON DIRECTOR 0.50 0.50 X 0 0 0 JACKIE LEE DIRECTOR 0.50 0.50 X 0 0 0 KATIE KRINGEN SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 MELANIE STILLWELL DIRECTOR 0.50 0.50 X 0 0 0 LEE MURPHY VICE PRESIDENT 1.00 1.00 X X 0 0 0 TAYLOR OLSON PRESIDENT 2.00 2.00 X X 0 0 0 MARK BARSTAD DIRECTOR 0.50 0.50 X 0 0 0 JORY MEYER DIRECTOR 0.50 0.50 X 0 0 0 BRANDON JOHNSON DIRECTOR 0.50 0.50 X 0 0 0 HUNTER BERG EXECUTIVE DIRECTOR 20.00 20.00 X 0 156542 38995 LAURIE FURUSETH CFO 15.00 15.00 X 0 66308 8753 0 222850 47748 0 0 1 0 0 161450 161450 1012650 1012650 3441143 3441143 5695307 5231845 463462 463462 463462 5078705 463462 0 4453793 6640130 6640130 1430 1430 BANK FEES 90 90 6641650 6640130 1520 0 8098975 8532682 25860418 24808124 594571 676409 34553964 34017215 775308 1074643 775308 1074643 X 4345889 7663943 29432767 25278629 33778656 32942572 34553964 34017215 -1562945 726861 0 X X 0 1 X 1 0 X X 1 WILLISTON STATE COLLEGE FOUNDATION 456012226 5 1 6640130 0 1 6640130 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 25989369 382919 4099244 5282114 25189418 24493573 152784 3300687 1957675 25989369 19246757 1114629 4132187 24493573 17893300 252695 1100762 19246757 15384901 79875 2428524 17893300 0.00000 0.36029 0.63971 0 0 0 DUE TO WSCF GAMING TRUST 1074643 1074643 X PART V, LINE 4: THE ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS FOR WILLISTON STATE COLLEGE AND OTHER PROGRAMS AND IMPROVEMENTS FOR THE COLLEGE. 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 SUBSTANIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, 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 V, LINE 1B DURING THE YEAR ENDED JUNE 30, 2025, WILLISTON STATE COLLEGE SUPPORTING FOUNDATION RECEIVED A TRANSFER OF ENDOWMENT CASH AND INVESTMENTS IN THE AMOUNT OF $173,256 FROM WILLISTON STATE COLLEGE FOUNDATION (A SUPPORTED ORGANIZATION, EIN: 45-6012226), WHICH REPRESENTS PERMANENTLY ENDOWED CORPUS AND RELATED EARNINGS. THE TRANSFERRED CASH AND INVESTMENTS WILL CONTINUE TO BE HELD FOR ENDOWMENT PURPOSES TO SUPPORT THE MISSION OF THE WILLISTON STATE COLLLEGE FOUNDATION. 1 WILLISTON STATE COLLEGE FOUNDATION PO BOX 1286 WILLISTON ND 58802 456012226 501(C)(3) 6640130 0 SCHOLARSHIPS AND TO SUPPORT MISSION OF WILLISTON STATE COLLEGE FOUNDATION. 1 X X 0 0 X X X X 0 0 0 0 0 0 0 0 0 HUNTER BERG EXECUTIVE DIRECTOR 0 145042 0 0 0 11500 0 19568 0 19427 0 195537 0 0 PART I, LINE 3 HUNTER BERG IS COMPENSATED BY WILLISTON STATE COLLEGE AND WILLISTON STATE COLLEGE FOUNDATION REIMBURSES WILLISTON STATE COLLEGE FOR HUNTER'S COMPENSATION. THE BOXES MARKED ABOVE REPRESENT THE STEPS TAKEN BY THE FOUNDATION TO DETERMINE HUNTER'S COMPENSATION THAT WILL BE REIMBURSED BY THE FOUNDATION. PART II THE COMPENSATION REPORTED IN PART II IS DETERMINED BY WILLISTON STATE COLLEGE FOUNDATION PAID BY WILLISTON STATE COLLEGE, AND REIMBURSED BY THE FOUNDATION. PART 1, LINE 1A HUNTER BERG, EXECUTIVE DIRECTOR, RECEIVED $10,000 IN A DISCRETIONARY SPENDING ACCOUNT WHICH WAS APPROVED BY THE BOARD. THE FUNDS ARE USED FOR SMALL DONATIONS AND SPONSORSHIPS TO OTHER CHARITIES IN THE AREA. THE BOARD SEES ALL EXPENDITURES PAID OUT FROM THE ACCOUNT. THE AMOUNT IS NOT TREATED AS TAXABLE WAGES TO MR. BERG. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, AND EMPLOYEES OF THE FOUNDATION AND ANY MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS. EACH BOARD MEMBER COMPLETES AN ANNUAL QUESTIONNAIRE INDICATING WHETHER A CONFLICT OF INTEREST EXISTS. IF THERE IS A CONFLICT OF INTEREST, THE INTERESTED PERSON SHALL LEAVE THE MEETING WHILE THE POTENTIAL CONFLICT IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF NO CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MAY PARTICIPATE IN A DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT IN QUESTION. IF A CONFLICT OF INTEREST DOES EXIST, THE FOLLOWING PROCEDURES SHALL BE FOLLOWED: (1) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST; (2) THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT; (3) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST; (4) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT, AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE FOUNDATION. THE BOARD SHALL THE MAKE ITS DECISION TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE OF THE WSCF BOARD OF DIRECTORS REVIEWS COMPARABLE SALARY DATA FOR THE POSITIONS OF EXECUTIVE DIRECTOR AND CFO. DATA FROM OTHER NDUS COLLEGE FOUNDATIONS AND THE MOST CURRENT WAGE DATA BY OCCUPATION REPORT FOR OUR REGION FROM JOB SERVICE OF ND IS SUMMARIZED AND PRESENTED TO THE COMMITTEE. AFTER DISCUSSION, THE COMMITTEE MAKES A RECOMMENDATION WHICH IS BROUGHT FORWARD TO THE BOARD OF DIRECTORS FOR DISCUSSION AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION MAKES ITS FORM 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FOUNDATION'S PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT IS DETERMINED BY WILLISTON STATE COLLEGE FOUNDATION (A SUPPORTED ORGANIZATION) AS THESE ENTITIES ARE INCLUDED IN A GROUP AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS. WILLISTON STATE COLLEGE FOUNDATION PO BOX 1286 WILLISTON ND 58802 456012226 PROVIDE SUPPORT TO WILLISTON STATE COLLEGE ND 501(C)(3) LINE 5 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WILLISTON STATE COLLEGE FOUNDATION C 173256 FMV OF ASSETS TRANSFERRED WILLISTON STATE COLLEGE FOUNDATION B 6640130 FMV OF ASSETS TRANSFERRED WILLISTON STATE COLLEGE FOUNDATION E 1074643 YEAR END BALANCE