2020-10-05T09:58:35-05:00 2020-06-30 450250958 Eide Bailly LLP 1730 Burnt Boat Loop Ste 100 Bismarck ND 585030886 990 2019-07-01 450358929 Bismarck State College Foundation BISM 7012245700 PO Box 5587 Bismarck ND 585065587 Kari Knudson Executive Director 7012245700 2020-09-14 1 Lisa Chaffee CPA P00193453 7012551091 2020-09-14 63.157.195.138 2020-09-14 08:57:58 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 DEA5AAEEBA04E2AF66A8E14BCCBEC2FC2C377148 2019 2021-01-29 14:40:06Z Kari Knudson PO Box 5587 Bismarck ND 585065587 13240639 0 X WWW.bismarckstate.edu/foundation/ X 1979 ND Engage in those activities which support the development of Bismarck State College. 77 77 0 95 0 0 4039761 2882671 35515 395677 43385 777115 885669 137827 5004330 4193290 1177797 2055526 0 0 286548 352369 0 0 227802 995797 1003905 2460142 3411800 2544188 781490 47150547 46167861 10278095 8943862 36872452 37223999 X Engage in those activities which support and assist in the development and advancement of Bismarck State College. 0 0 2356361 1565559 15810 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. 429069 429069 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. 35898 35898 Student RecognitionWho'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 inresidence 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 with each 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 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. 379867 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 379867 2846328 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 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 13 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 77 77 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 Kari Knudson NV Executive Director 40.00 X 147651 0 35740 Norm Clark Chair 1.00 X X 0 0 0 Wade Boeshans President 1.00 X X 0 0 0 Scott Becker Vice President 1.00 X X 0 0 0 Terry Kraft Program Committee Chair 1.00 X 0 0 0 Danette Welsh Development Committee Chai 1.00 X 0 0 0 Terry Daffinrud Finance Committee Chair 1.00 X 0 0 0 Gary Adkisson Board Member 1.00 X 0 0 0 Tricia Arenz Board Member 1.00 X 0 0 0 Tim Atkinson Board Member 1.00 X 0 0 0 Thomas Atkinson Board Member 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 Greg Bavendick Board Member 1.00 X 0 0 0 John Bauer Board Member 1.00 X 0 0 0 Glenn Bosch Board Member 1.00 X 0 0 0 Eric Brenden Board Member 1.00 X 0 0 0 Jim Christianson Board Member 1.00 X 0 0 0 Cindy Clairmont-Schmidt Board Member 1.00 X 0 0 0 Ron Day Board Member 1.00 X 0 0 0 Dan Dorfschmidt Board Member 1.00 X 0 0 0 Vern Dosch Board Member 1.00 X 0 0 0 Kevin Dykema 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 Sarah Getzlaff Board Member 1.00 X 0 0 0 Kevin Gilchrist Board Member 1.00 X 0 0 0 David Goodin Board Member 1.00 X 0 0 0 Mike Haider Board Member 1.00 X 0 0 0 Renae Hansen Board Member 1.00 X 0 0 0 Russ Hanson Board Member 1.00 X 0 0 0 Florence Hauer Board Member 1.00 X 0 0 0 Jerry Hauff Board Member 1.00 X 0 0 0 Barry Haugen Board Member 1.00 X 0 0 0 Jennifer Heck Board Member 1.00 X 0 0 0 Dave Hoekstra 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 Ben Johnson Board Member 1.00 X 0 0 0 Chad Johnson Board Member 1.00 X 0 0 0 Amy Juhala Board Member 1.00 X 0 0 0 Marlin Kling Board Member 1.00 X 0 0 0 Rob Koppinger Board Member 1.00 X 0 0 0 Loren Kopseng Board Member 1.00 X 0 0 0 Jay Kost Board Member 1.00 X 0 0 0 Michael LeBeau Board Member 1.00 X 0 0 0 John Lundby Board Member 1.00 X 0 0 0 Kevin Magstadt Board Member 1.00 X 0 0 0 Makenzie Malloy Board Member 1.00 X 0 0 0 Wade Mann Board Member 1.00 X 0 0 0 David Mason Board Member 1.00 X 0 0 0 Gavin McCollam Board Member 1.00 X 0 0 0 Jeff Nelson Board Member 1.00 X 0 0 0 Dale Pahilke Board Member 1.00 X 0 0 0 Judy Pfeifle Board Member 1.00 X 0 0 0 Brandon Reems Board Member 1.00 X 0 0 0 Vance Reinbold Board Member 1.00 X 0 0 0 Ken Reno Board Member 1.00 X 0 0 0 Paul Sandness Board Member 1.00 X 0 0 0 Jean Schafer Board Member 1.00 X 0 0 0 Kurt Schley Board Member 1.00 X 0 0 0 Jerry Schlosser Board Member 1.00 X 0 0 0 Barry Schuchard Board Member 1.00 X 0 0 0 Deanna Solhjem Board Member 1.00 X 0 0 0 Mary Theel Board Member 1.00 X 0 0 0 Brady Torgerson Board Member 1.00 X 0 0 0 Bill Townsend Board Member 1.00 X 0 0 0 Irene Tschider Board Member 1.00 X 0 0 0 Stacy Tschider Board Member 1.00 X 0 0 0 Chad Wachter Board Member 1.00 X 0 0 0 Susan Walker Weiand Board Member 1.00 X 0 0 0 Curt Walth Board Member 1.00 X 0 0 0 Bryan Walther Board Member 1.00 X 0 0 0 Patrick Ward Board Member 1.00 X 0 0 0 Scott Wegner Board Member 1.00 X 0 0 0 Zac Weis Board Member 1.00 X 0 0 0 Tony Welder Board Member 1.00 X 0 0 0 Mark Zimmerman Board Member 1.00 X 0 0 0 Jay Beyer Board Member (Resigned FY 2019) 1.00 X 0 0 0 Danny Devlin Board Member (Resigned FY 2019) 1.00 X 0 0 0 Tim Hennessy Board Member (Resigned FY 2019) 1.00 X 0 0 0 John Jessen Board Member (Resigned FY 2019) 1.00 X 0 0 0 Howard Malloy Board Member (Resigned FY 2019) 1.00 X 0 0 0 Scott Russell Board Member (Resigned FY 2019) 1.00 X 0 0 0 Jennifer Schlinger Board Member (Resigned FY 2019) 1.00 X 0 0 0 Mark Schuler Board Member (Resigned FY 2019) 1.00 X 0 0 0 Mindy Sturn Board Member (Resigned FY 2019) 1.00 X 0 0 0 Sandi Tabor Board Member (Resigned FY 2019) 1.00 X 0 0 0 Rebecca Collins NV Secretary-Treasurer 1.00 X 0 0 0 Larry Skogen NV President of Bismarck State College 1.00 X 0 0 0 147651 0 35740 1 0 0 1 Capital City Construction 1501 East Calgary Avenue Bismarck ND 58503 Construction Health Sciences Building 782298 JLG Architects 124 North Third Street Grand Forks ND 58203 Archetectural Services 184075 2 3362 811766 2067543 109614 2882671 Student Housing 532000 379867 379867 Other Revenue 900099 15810 15810 395677 612723 612723 116120 116120 9205398 9041006 164392 164392 164392 28050 3362 6343 21707 21707 4193290 395677 0 914942 1565559 1565559 489967 489967 352369 92828 121147 138394 28477 626 27851 122760 122760 16591 2458 6475 7658 13831 4492 4280 5059 16499 13487 1487 1525 463 137 326 8911 480 2401 6030 159605 159605 484711 478333 3141 3237 34704 19670 3628 11406 General Fundraising Cam 49963 49963 Uncollectible Pledges 41406 41406 Development 18711 18711 Income Tax Expense -1281 -1281 8554 112 4238 4204 3411800 2846328 337670 227802 3158137 1459286 2564653 2327769 30442 5825 1068892 914698 18252 19267 18796270 4397752 14950916 14398518 16656332 19220240 478981 464260 8223942 7357998 47150547 46167861 671695 78300 5655637 5282234 80000 80603 3870763 3502725 10278095 8943862 X 12082663 11483248 24789789 25740751 36872452 37223999 47150547 46167861 X 781490 -483569 228375 -174749 X 0 1 X 1 0 X 3149541 2556065 2216380 4039761 2882671 14844418 3149541 2556065 2216380 4039761 2882671 14844418 2240347 12604071 1123610 924968 977017 1475365 728843 5229803 90388 105520 123532 107807 427247 20501468 590617 0.61480 0.57800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92173 X Study of Art Appreciation 0 18046966 2838461 167820 421529 20631718 14430822 3299974 699749 383579 18046966 13162542 632627 1013346 377693 14430822 10855961 1613101 1327394 633914 13162542 9197849 1921944 -137331 126501 10855961 0.05840 0.94160 0.00000 0 0 95409 1200000 1295409 16790523 4021685 12768838 175517 166528 8989 534821 209539 325282 14398518 Art Collection 115585 Beneficial Interest in Perpetual Trust 1534195 Investments Held in Trust 5708218 7357998 Unitrust Payments Due Grantors 2808792 Unitrust Remainder Due Shared Beneficiaries 39895 Charitable Lead Trust Due Grantors 203600 Annuities Payable 450438 3502725 X 3682250 -483569 258075 -268889 -494383 4176633 16657 16657 4193290 3337658 29700 41918 71618 3266040 145760 145760 3411800 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, 2020, funds with original gift values of $283,031, fair values of $275,665, and deficiencies of $7,366 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 -164,604. Revenue From Alumni Association 28,620. Change in Life Insurance Value -10,145. Financial Managment Fees Reported in Revenue on Financial Statements -122,760. Part XI, Line 4b - Other Adjustments: Special Events Expense Reported in Expenses on Financial Statements -6,343. Grant from Alumni Association eliminated on Financial Statements 23,000. Part XII, Line 2d - Other Adjustments: Special Event Expenses Reported in Revenue on Form 990 6,343. Expenses from Alumni Association 35,575. Part XII, Line 4b - Other Adjustments: Financial Managment Fees Reported in Revenue on Financial Statements 122,760. Grant from Alumni Association eliminated on Financial Statements 23,000. President's Cup Golf 22745 1845 20900 400 4160 21 President's Run 8667 1517 7150 460 599 703 31412 3362 28050 860 4160 599 724 6343 21707 1 Bismarck State College PO Box 5587 Bismarck ND 58506 363291146 State College 1139197 426262 FMV In-kind donations for programs Support for general operations and programing 1 0 Scholarships paid to Bismarck State College for BSC Students 357 419777 292 Actual cost Postage and special events to promote scholarship applications BCS Student Recognition Awards 84 4529 8270 Actual cost PTK Membership Dues/postage BSC Employee Recognition Awards 89 15139 7960 Actual cost Programs, decorations, entertainment and food Jack Fellowship 1 25000 Scholarships paid to University of Mary for scholarships of graduates of BSC 1 1000 Scholarships paid to North Dakota State University for scholarships of graduates of BSC 2 4000 Scholarships paid to Fort Lewis College for scholarships of graduates of BSC 1 2000 Scholarships paid to MSU-Moorhead 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 147651 0 0 0 0 0 19530 0 16733 0 183914 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 $183,914. 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 7285121 7944818 131698 7813120 2008 0 0 1 1 B 1145000 1400000 1400000 2007 0 0 1 1 C 856709 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. X 3 5848 Selling Price X Materials & Supplies 21 100109 Selling Price X Prizes 5 2657 Selling Price X Food & Water 2 1000 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. Scott Russell and Loren Kopseng have a business relationship. Larry Skogen, Rebecca Collins, and Kari Knudson have a business relationship with each other and with Amy Juhala and Deanna Solhjem. 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 -10,145. Change in Value of Split Interest Agreements -164,604. Student Housing LLC PO Box 5587 Bismarck ND 585065587 471109872 Residential Real Estate Rental ND 329295 5040553 Bismarck State College Foundation Property Holdings LLC PO Box 5587 Bismarck ND 585065587 471677740 Commercial Real Estate Rental ND 953 6947 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 (11) 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 0 0 1