2021-11-09T15:58:15-06:00 2021-06-30 450250958 Eide Bailly LLP 1730 Burnt Boat Loop Ste 100 Bismarck ND 585030886 990 2020-07-01 450358929 Bismarck State College Foundation BISM 7012245700 PO Box 5587 Bismarck ND 585065587 Kari Knudson Executive Director 7012245700 2021-11-08 1 Kari Knudson 999009999 Lisa Chaffee CPA P00193453 7012551091 2021-11-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Kari Knudson PO Box 5587 Bismarck ND 585065587 9922227 0 X WWW.bismarckstate.edu/foundation/ X 1979 ND Engage in those activities which support the development of Bismarck State College. 71 70 0 95 0 0 2882671 2049083 395677 526302 777115 1297184 137827 330629 4193290 4203198 2055526 1780455 0 0 352369 332927 0 0 194412 1003905 926941 3411800 3040323 781490 1162875 46167861 52565750 8943862 9220575 37223999 43345175 X Engage in those activities which support and assist in the development and advancement of Bismarck State College. 0 0 1931381 1206418 145820 The BSC Foundation Grant Program makes dollars available to BSC staff, faculty, and student organizations to fund a wide variety of projects. Emphasis is given to innovative teaching and creative learning projects. A wide variety of teaching and demonstration equipment, travel for groups, campus presenters, performing art events, guest lecturers, consulting services, research, and other innovative projects have been supported through the Grants Program. Grants are awarded by the Board of Trustees Programs Committee. 512635 512635 0 The BSC Foundation is committed to the encouragement and support of academic excellence. Through the support of many generous benefactors, the BSC Foundation is able to budget over $400,000 in scholarship awards to over 300 students. Scholarships are available to both incoming freshmen and sophomores. Receiving other scholarships will not disqualify applicants from receiving BSC Foundation scholarships.The BSC Foundation scholarship program was established for the purpose of attracting and retaining students of outstanding ability and potential, regardless of gender, race, creed or national origin. Scholarships are awarded by the Board of Trustees Programs Committee. 36402 36402 0 Student Recognition:Who's Who Among Students in American Junior Colleges is a national award given to up to 20 of BSC's top students. These students are selected by Learning First sub-team on a basis of academic achievement, service in the community, leadership in extracurricular activities, and future potential. They are listed in a national Who's Who volume and are honored with a certificate and $50 cash award from the BSC Foundation.Outstanding Student Awards are given to the students selected by faculty in each of BSC's programs and departments. These outstanding students receive a certificate and $50 cash award from BSC Foundation.Phi Theta Kappa is an international two-year college honor society. Students nominated for membership have maintained an accumulative grade point average of 3.5 or better, and have completed 15 semester hours in residence at BSC applicable to an associate degree. The Phi Theta Kappan receives a paid initiation fee for membership, a pin, and a certificate from the BSC Foundation. They are honored at the BSC Recognition Ceremony with a certificate from the BSC Foundation.Employee RecognitionYears of Service: To acknowledge the contributions BSC faculty and staff make to the excellence of education, the Foundation sponsors a recognition program for employees. Employees are awarded gift cards and certificates beginning with five years of service, and are honored witheach five-year increment.BSC Faculty and Staff Awards for Excellence: Previously known as the Faculty and Staff Achievement Awards, this Foundation-sponsored program has been revamped to ensure that everyone has an equal opportunity to be recognized, through this prestigious award, for their outstanding contributions to Bismarck State College. To publicly recognize the Award for Excellence recipients, they are announced at BSC's award ceremony in the spring. As before, two faculty award recipients will each receive $1,000 and two staff award recipients will each receive $1,000. Since 2001, an adjunct faculty and a part-time staff member are recognized and each receives a $250 award. 25000 25000 0 Jack FellowshipThe BSC Jack Fellowship Program has been established to fund sabbatical leaves for a Bismarck State College employee to engage in an educational experience that ultimately benefits BSC and the students it serves. The Fellowship is intended to partially underwrite the salary and/or expenses of the employee during the sabbatical. Each Fellowship will be a monetary award of up to $25,000 to be used to enhance the recipient's professional performance. During the year there was one recipient of the Jack Fellowship. 0 0 380482 Student Housing:The Foundation leases two residence halls to Bismarck State College. Ritchie Hall and Gate City Hall, co-educational apartment style residence halls, have a total capacity of 128 students. 25000 25000 380482 2505418 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 10 0 1 0 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 71 70 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X Kari Knudson 7012245700 PO Box 5587 Bismarck ND 585065587 Wade Boeshans Chair 1.00 X X 0 0 0 Scott Becker President 1.00 X X 0 0 0 Terry Daffinrud Vice President 1.00 X X 0 0 0 Terry Kraft Program Committee Chair 1.00 X X 0 0 0 Danette Welsh Development Committee Chair 1.00 X X 0 0 0 David Mason Finance Committee Chair 1.00 X X 0 0 0 Barry Haugen Board Member 1.00 X 0 0 0 Barry Schuchard Board Member until Mar 2021 1.00 X 0 0 0 Brad Balerud Board Member 1.00 X 0 0 0 Brad Ballweber Board Member 1.00 X 0 0 0 Brandon Reems Board Member 1.00 X 0 0 0 Bryan Walther Board Member 1.00 X 0 0 0 Chad Johnson Board Member until Feb 2021 1.00 X 0 0 0 Chad Wachter Board Member 1.00 X 0 0 0 Cindy Clairmont-Schmidt Board Member 1.00 X 0 0 0 Curt Walth Board Member 1.00 X 0 0 0 Dale Pahilke Board Member 1.00 X 0 0 0 Dan Dorfschmidt Board Member 1.00 X 0 0 0 Dave Hoekstra Board Member until Feb 2021 1.00 X 0 0 0 David Goodin Board Member 1.00 X 0 0 0 Debra Eiseman Board Member 1.00 X 0 0 0 Debra Gallagher Board Member 1.00 X 0 0 0 Eric Brenden Board Member 1.00 X 0 0 0 Florence Hauer Board Member 1.00 X 0 0 0 Gary Adkisson Board Member until Aug 2020 1.00 X 0 0 0 Glenn Bosch Board Member 1.00 X 0 0 0 Greg Bavendick Board Member 1.00 X 0 0 0 Irene Tschider Board Member 1.00 X 0 0 0 Jay Kost Board Member 1.00 X 0 0 0 Jean Schafer Board Member 1.00 X 0 0 0 Jeff Nelson Board Member 1.00 X 0 0 0 Jennifer Heck Board Member 1.00 X 0 0 0 Jerry Hauff Board Member 1.00 X 0 0 0 Jerry Schlosser Board Member 1.00 X 0 0 0 Jim Christianson Board Member 1.00 X 0 0 0 John Bauer Board Member 1.00 X 0 0 0 John Lundby Board Member 1.00 X 0 0 0 Judy Pfeifle Board Member 1.00 X 0 0 0 Ken Reno Board Member 1.00 X 0 0 0 Kevin Dykema Board Member 1.00 X 0 0 0 Kevin Gilchrist Board Member 1.00 X 0 0 0 Kevin Magstadt Board Member 1.00 X 0 0 0 Kurt Schley Board Member 1.00 X 0 0 0 Larry Skogen Board Member 1.00 X 0 0 0 Loren Kopseng Board Member 1.00 X 0 0 0 Makenzie Malloy Board Member 1.00 X 0 0 0 Marby Hogen Board Member 1.00 X 0 0 0 Mark Holkup Board Member 1.00 X 0 0 0 Mark Zimmerman Board Member 1.00 X 0 0 0 Marlin Kling Board Member 1.00 X 0 0 0 Mary Theel Board Member 1.00 X 0 0 0 Michael LeBeau Board Member 1.00 X 0 0 0 Mike Bitz Board Member starting Sept 2020 1.00 X 0 0 0 Mike Haider Board Member 1.00 X 0 0 0 Norm Clark Board Member 1.00 X 0 0 0 Patrick Ward Board Member 1.00 X 0 0 0 Paul Sandness Board Member 1.00 X 0 0 0 Renae Hansen Board Member until May 2021 1.00 X 0 0 0 Rob Koppinger Board Member 1.00 X 0 0 0 Ron Day Board Member until May 2021 1.00 X 0 0 0 Russ Hanson Board Member 1.00 X 0 0 0 Sandy Fried Board Member 1.00 X 0 0 0 Sarah Getzlaff Board Member 1.00 X 0 0 0 Scott Wegner Board Member 1.00 X 0 0 0 Stacy Tschider Board Member 1.00 X 0 0 0 Susan Walker Weiand Board Member 1.00 X 0 0 0 Sydney Sundsbak Board Member 1.00 X 0 0 0 Thomas Atkinson Board Member 1.00 X 0 0 0 Thomas Marple Board Member 1.00 X 0 0 0 Tim Atkinson Board Member 1.00 X 0 0 0 Tony Welder Board Member 1.00 X 0 0 0 Tricia Arenz Board Member 1.00 X 0 0 0 Vance Reinbold Board Member 1.00 X 0 0 0 Vern Dosch Board Member 1.00 X 0 0 0 Wade Mann Board Member 1.00 X 0 0 0 Woody Barth Board Member 1.00 X 0 0 0 Zac Weis Board Member 1.00 X 0 0 0 Kari Knudson NV Executive Director 40.00 X 151480 0 37086 Douglas Jensen NV President of Bismarck Statd College 1.00 X 0 0 0 Rebecca Collins NV Secretary-Treasurer 1.00 X 0 0 0 151480 0 37086 1 0 0 1 0 5889 437878 1605316 75544 2049083 Student Housing 532000 380482 380482 Other Revenue 900099 145820 145820 526302 619497 619497 300579 300579 6383144 5705457 677687 677687 677687 43622 5889 13572 30050 30050 4203198 526302 0 1627813 1206418 1206418 574037 574037 332927 67353 130777 134797 26865 676 26189 149809 149809 20053 2238 12313 5502 24453 9375 4955 10123 15710 13236 1237 1237 1093 423 670 3020 111 2676 233 152916 152916 460644 451729 4391 4524 35907 19444 4402 12061 General Fundraising Cam 23167 23167 Development 7220 7220 Dues and Subscriptions 2025 145 1880 Uncollectible Pledges 440 440 3619 665 2736 218 3040323 2505418 340493 194412 1459286 1586203 2327769 1446592 5825 48923 914698 748503 19267 29920 18840604 4834198 14398518 14006406 19220240 25800879 464260 237780 7357998 8660544 46167861 52565750 78300 177871 5282234 4943314 80603 68742 3502725 4030648 8943862 9220575 X 11483248 11970170 25740751 31375005 37223999 43345175 46167861 52565750 X 1162875 4303458 123584 531259 X 0 1 X 1 0 X 2556065 2216380 4039761 2882671 2049083 13743960 2556065 2216380 4039761 2882671 2049083 13743960 2274023 11469937 924968 977017 1475365 728843 920076 5026269 105520 123532 107807 336859 19107088 1125210 0.60030 0.61480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 114100 X Study of Art Appreciation 0 20631718 1487530 4638948 703184 26055012 18046966 2838461 167820 421529 20631718 14430822 3299974 699749 383579 18046966 13162542 632627 1013346 377693 14430822 10855961 1613101 1327394 633914 13162542 0.06610 0.93390 0.00000 0 0 75999 1200000 1275999 16866268 4465430 12400838 366795 159229 207566 331542 209539 122003 14006406 Art Collection 114100 Beneficial Interest in Perpetual Trust 1801657 Investments Held in Trust 6744787 8660544 Unitrust Payments Due Grantors 3177821 Unitrust Remainder Due Shared Beneficiaries 55189 Charitable Lead Trust Due Grantors 385970 Annuities Payable 411668 4030648 X 9126814 4303458 123584 603111 5030153 4096661 149809 -43272 106537 4203198 2945793 55279 55279 2890514 149809 149809 3040323 Part III, Line 4: The Foundation maintains a collection of drawings, medallions, and books, as well as some Pre-Columbian art which was donated to the Foundation over 20 years ago. The Foundation uses the collection in the study of art appreciation. Part V, Line 4: Endowment funds are used to fund programs at Bismarck State College, including scholarships and grants. From time to time, certain donor restricted endowment funds may have fair values less than the amount required to be maintained by donors or by law (underwater endowments). The Foundation has interpreted UPMIFA to permit spending from underwater endowments in accordance with prudent measures required under law. At June 30, 2021, funds with original gift values of $2,450, fair values of $1,142, and deficiencies of $1,308 were reported in net assets with donor restrictions. Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefit and liability in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Change in Value of Split Interest Agreements 517,725. Revenue From Alumni Association 71,852. Change in Life Insurance Value 13,534. Part XI, Line 4b - Other Adjustments: Special Events Expense Reported in Expenses on Financial Statements -13,572. Grant from Alumni Association eliminated on Financial Statements -29,700. Part XII, Line 2d - Other Adjustments: Special Event Expenses Reported in Revenue on Form 990 13,572. Expenses from Alumni Association 12,007. Grant from Alumni Association eliminated on Financial Statements 29,700. President's Cup Golf 42510 5300 37210 800 1300 6120 75 4500 President's Run 7001 589 6412 534 243 49511 5889 43622 800 1300 6120 609 4743 13572 30050 1 Bismarck State College PO Box 5587 Bismarck ND 58506 363291146 State College 1166948 39370 FMV In-kind donations for programs Support for general operations and programing 1 0 Scholarships paid to Bismarck State College for BSC Students 422 448710 BCS Student Recognition Awards 104 5440 9763 Actual cost PTK Membership Dues/postage BSC Employee Recognition Awards 84 18264 2935 Actual cost Programs, decorations, entertainment and food Jack Fellowship 1 25000 Scholarships paid to University of Mary for scholarships of graduates of BSC 2 3000 Scholarships paid to North Dakota State University for scholarships of graduates of BSC 3 3000 Scholarships paid to Concordia University for scholarships of graduates of BSC 1 4000 Scholarships paid to Minot State University for scholarships of graduates of BSC 2 3000 Scholarships paid to North Dakota University System for Career Builders Scholarships 38 48925 Scholarships paid to Dakota State University for scholarships of graduates of BSC 1 2000 Part I, Line 2: Bismarck State College's business office monitors the use of the grants and scholarships. Part III, Column (b): The number of recipients is based on the actual listing of students or employees that received grants or assistance. X 1 1 0 0 0 0 0 0 0 0 0 Kari Knudson NV Executive Director 151480 0 0 0 0 0 19925 0 17695 0 189100 0 0 0 Part I, Line 1a The Foundation pays for the Rotary Club dues for the Executive Director. The Rotary Club dues were not included in taxable income. Part II: The Executive Director is paid by an unrelated company, Bismarck State College, for services as the Executive Director for Bismarck State College Foundation. Total compensation paid to Kari Knudson by the unrelated company in the calendar year was $189,100. A City of Washburn 456002183 2007-04-10 7944818 Construction of single facility 0 0 0 B City of Washburn 456002183 2006-10-04 1400000 Purchase land and construction of a single facility 0 0 0 C City of Center 456004957 2014-10-28 5250000 Construction of two residence halls 0 0 0 A 7326315 7944818 131698 7813120 2008 0 0 1 1 B 1270000 1400000 1400000 2007 0 0 1 1 C 1032594 5250000 15638 5234362 2016 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 1 0 0 0 0 A 0 B 0 C 0 Schedule K Part II, Line 3C: The project related to this bond issue was started in 2014; proceeds spent equal the issue price. Construction was completed in June 2016. Adam Bitz Family member to board member, Mike Bitz 2300 Educational assistance Education X 5 13616 Selling Price X Materials & Supplies 18 60076 Selling Price X Prizes 6 1350 Selling Price X Food 1 502 Selling Price 0 0 1 1 Part I, Column (b): Amounts listed in column b represent the number of contributors. Part I, Line 32b: The Organization may retain the services of a board member who is a real estate agent to assist in the sale of donated property. Form 990, Part VI, Section A, line 1 The Executive Committee shall consist of the officers of the Board, the President of BSC, and the Executive Director, both ex-officio, non-voting. The Executive Committee shall have power to hold meetings at such times and places as it deems advisable and to take such action as may be necessary or proper to carry out the purposes of the Foundation. Excepting matters which the Board of Trustees is required to act actions by the Executive Committee shall have the authority of the Board of Trustees. The Committee has the authority to review, make modifications to and recommend approval of the proposed Foundation annual fiscal year budget. The Committee shall forward the recommended proposed budget to the Board of Trustees for final approval. The Committee shall also be authorized to review, modify, reject or recommend approval of any proposed amendments to the approved fiscal year budget. The Committee shall forward any recommended budget changes to the Board of Trustees for final approval. The Executive Committee shall also serve as the Audit Committee for the Foundation. As such, it shall review and approve the annual audit and Management Letter. Form 990, Part VI, Section A, line 2 Stacy Tschider and Loren Kopseng have a business relationship. Doug Jensen, Rebecca Collins, and Kari Knudson have a business relationship with each other and with Sandy Fried and Thomas Marple. Vern Dosch and Jerry Schlosser have a family relationship. Tim Atkinson and Tom Atkinson have a family relationship and a business relationship. Glenn Bosch and Terry Daffinrud have a business relationship. Marby Hogen and Loren Kopseng have a family relationship. Jay Kost and Bryan Walther have a business relationship. Form 990, Part VI, Section B, line 11b The Public Disclosure copy of the Form 990 is reviewed by the full Board of Directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The policy covers all board members and foundation employees. The conflict of interest statements are completed and reviewed annually. The Executive Director, accountant and administrative assistant review the statements to determine whether a conflict exists. Conflicts would be reviewed by the Executive Director and depending on the situation, the board member is not allowed to vote on anything that involves the related entity or relationship. Form 990, Part VI, Section B, line 15 Kari Knudson is paid by an unrelated organization. The Human Resource Director of the unrelated organization gathers compensation information based upon a North Dakota Colleges survey (state and regional). An independent committee (Executive Council of the College) establishes the compensation and the results are documented in an employment contract. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Form 990, Part XI, line 9: Change in Life Insurance Value 13,534. Change in Value of Split Interest Agreements 517,725. Student Housing LLC PO Box 5587 Bismarck ND 585065587 471109872 Residential Real Estate Rental ND 372464 4915618 Bismarck State College Foundation Property Holdings LLC PO Box 5587 Bismarck ND 585065587 471677740 Commercial Real Estate Rental ND 8 6955 Bismarck State College Foundation Bismarck State College National Alumni Association PO Box 5587 Bismarck ND 585065587 363291146 Support Bismarck State College ND 501(c)(3) Line 7 Bismarck State College Foundation 1 Charitable Remainder Unitrusts (10) Charitable Trust ND Bismarck State College Foundation 1 Charitable Lead Trusts (3) Charitable Trust ND Bismarck State College Foundation 1 Perpetual Trust (1) Charitable Trust ND Bismarck State College Foundation 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1