2017-11-01T15:29:38-05:00 2016-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2016-01-01 460273801 SOUTH DAKOTA STATE UNIVERSITY FOUNDATION SOUT 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 STEVE ERPENBACH PRESIDENT/CEO 6056977475 2017-11-01 1 LAURIE HANSON P00851848 6053391999 2017-11-01 198.135.124.43 2017-11-01 11:43:02 CD P B6A5970BB0BF1FEB226B9935D79CCD8BE250A5F1 B16095FA32523CD326D583884BA37C70A3019BC0 2016 2021-01-29 14:40:06Z STEVE ERPENBACH 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 58104034 0 X WWW.SDSTATEFOUNDATION.ORG X 1945 SD UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. 13 13 41 120 -48711 -48711 24853122 40359623 374828 1098061 2791617 1425330 290357 501460 28309924 43384474 18804657 34751632 0 0 2619893 3077513 186653 78569 2832343 2491501 2699294 24102704 40607008 4207220 2777466 187378134 193967375 18085378 17846280 169292756 176121095 ENHANCING EXCELLENCE BY CULTIVATING GENEROSITY AND TREASURING THE LOYALTY OF ALL WE SERVE. 0 0 34751632 34751632 1220000 TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. APPROXIMATELY $3.7 MILLION IN SCHOLARSHIPS WERE AWARDED, $6.4 MILLION IN DEPARTMENTAL PROGRAMS WERE FUNDED, AND $24.4 MILLION IN CAPITAL PROJECTS WERE FUNDED DURING 2016. 34751632 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 128 1 1 41 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 13 13 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 CA HI KY MA MD MI MN NH NJ NY OR SC UT IL X TIM DWIRE 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 57007 KIM TYLER CHAIR 1.00 X X 0 0 0 MARY HOWARD CHAIR-ELECT 1.00 X X 0 0 0 KEITH BARTELS BOARD MEMBER 1.00 X 0 0 0 GORDON NIVA BOARD MEMBER 1.00 X 0 0 0 CATHY VANDER WAL-ROUNDS BOARD MEMBER 1.00 X 0 0 0 CATHY VOELZKE BOARD MEMBER 1.00 X 0 0 0 JON BROWN BOARD MEMBER 1.00 X 0 0 0 BILL FOLKERTS BOARD MEMBER 1.00 X 0 0 0 JERRY LOHR BOARD MEMBER 1.00 X 0 0 0 PAT MICKELSON BOARD MEMBER 1.00 X 0 0 0 DANA DYKHOUSE BOARD MEMBER 1.00 X 0 0 0 TRAVYS HARVEY-KING BOARD MEMBER 1.00 X 0 0 0 BOB SCHMIDT BOARD MEMBER 1.00 X 0 0 0 STEVE ERPENBACH PRESIDENT/CEO 55.00 X 188779 0 41541 TIM DWIRE VP OF OPERATIONS & FINANCE 55.00 X 154785 0 27278 KEITH MAHLUM VP OF DEVELOPMENT 55.00 X 140687 0 16205 MARC LITTLECOTT DIRECTOR OF GIFT PLANNING 55.00 X 119449 0 14449 603700 0 99473 4 0 1 0 JOURNEY GROUP COMPANY PO BOX 2728 SIOUX FALLS SD 57101 CONSTRUCTION SERVICES 3168395 CLARK DREW CONSTRUCTION INC 302 32ND AVE S BROOKINGS SD 57007 CONSTRUCTION SERVICES 1625352 ARAMARK SSU 155 BOX 2815B BROOKINGS SD 57007 FOOD SERVICES 443830 CONFERENCE TECHNOLOGIES INC 6201 S PINNACLE PLACE SIOUX FALLS SD 57108 AUDIO VISUAL COMMUNICATION SERVICES 393714 TSP INC 112 N WEST AVE SIOUX FALLS SD 57104 ARCHITECURAL DESIGN SERVICES 161450 8 40359623 16142824 40359623 SUPPORT SERVICES 900099 1220000 1220000 INVESTMENT IN SUBSIDIARY 561000 -121939 -48711 -73228 1098061 2437671 2437671 501460 0 501460 501460 501460 12594719 1112500 13714231 1005329 -1119512 107171 -1012341 -1012341 43384474 1220000 -48711 1853562 34748032 34748032 3600 3600 413295 297907 115388 2219498 972370 1247128 124410 55910 68500 148383 74039 74344 171927 81243 90684 16091 14640 1451 54747 52995 1752 78569 78569 281766 281766 134486 33565 100921 56048 29199 26849 454649 221438 233211 164822 134282 30540 179538 169019 10519 105127 12162 92965 33262 6099 27163 17909 17909 232321 232321 54612 21241 33371 ALL OTHER EXPENSES 339379 21772 317607 RECOGNITION AND MEMORIA 332678 252876 79802 HOSPITALITY 183435 9118 174317 DUES AND SUBSCRIPTIONS 58424 31162 27262 40607008 34751632 3023033 2832343 8989424 9867535 24173646 24185050 2916827 3546825 379291 60712 18620761 2558076 8989963 16062685 124066005 121781647 1250000 1518541 16612978 16944380 187378134 193967375 2492856 3981831 1500877 6033582 3554351 500703 383011 9058237 8426210 18085378 17846280 X -14632873 -13978499 56991662 57818100 126933967 132281494 169292756 176121095 187378134 193967375 X 2777466 5041043 -1707264 717094 X 0 1 X 1 0 X 26472583 44986342 35833176 24853122 40359623 172504846 26472583 44986342 35833176 24853122 40359623 172504846 24487955 148016891 2944827 3028871 3173564 2866951 2939131 14953344 450000 560000 780000 1170571 1220000 4180571 191638761 0.77240 0.77000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2000 0 0 0 2000 0 PART II-B, LINE 1: THE FOUNDATION PAID "CHARITABLE IRA INITIATIVE" $2,000 IN 2016. THIS ORGANIZATION LOBBIES FOR MEANINGFUL LEGISLATION THAT IMPACTS OUR GIFT PLANNING. SPECIFICALLY, THIS GROUP WORKS ON THE LEGACY IRA BILL. 117943260 8259556 6190170 4857078 24748 1614012 125897148 119859579 5400954 -2215637 3456818 20391 1624427 117943260 117212100 4752893 3286197 3757236 43015 1591360 119859579 101078660 9944980 10993653 3378758 9487 1416948 117212100 90497642 6224937 8392754 2363038 433425 1240210 101078660 0.00340 0.97770 0.01890 0 0 3117221 786986 3904207 968678 10704246 1581850 10091074 1281018 920316 360702 1661173 101439 55910 1706702 16062685 TRUSTS HELD BY OTHERS 1507827 LIFE ESTATES 4202655 INVESTMENT IN SUBSIDIARIES 1495885 CASH SURRENDER VALUE OF LIFE INSURANCE 550330 BENEFICIAL INTEREST IN PERPETUAL TRUST 953502 OTHER INVESTMENTS IN ANNUITIES, TRUSTS & ENDOWMENT POOLS 8234181 16944380 INVESTMENTS HELD FOR OTHERS 163706 GIFT ANNUITIES, LIFE INCOME AGREEMENTS, AND LIFE ESTATES 8262504 8426210 X PART V, LINE 4: TO ASSIST IN FULFILLING THE FOUNDATION'S MISSION OF UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU, THROUGH SCHOLARSHIPS AND DEPARTMENTAL PROGRAMS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX AS NON-PROFIT CORPORATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THESE ENTITIES ARE ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS AND ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. THE FOUNDATION FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. 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 AT DECEMBER 31, 2016 THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES WILL BE RECOGNIZED IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 CONSULTING 0 339477 78569 260908 339477 78569 260908 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI DC NJ NV SCHEDULE G, PART I, LINE 3: SEE PART I, LINE 3 FOR COMPLETE LISTING OF THE STATES THE FOUNDATION IS REGISTERED IN. THE FOLLOWING STATES DO NOT REQUIRE REGISTRATION: AZ, DE, ID, IN, IA, MT, NE, SD, TX, VT, & WY 1 SD THETA HOUSE CORPORATION 510 POWDER HORN PASS BROOKINGS SD 57006 460342550 501(C)(7) 174246 CONSTRUCTION COSTS FOR EDUCATIONAL SPACE SDSU ALUMNI ASSOCIATION TOMPKINS ALUMNI CENTER BOX 515 BROOKINGS SD 57007 411866674 501(C)(3) 16552 PROGRAM SUPPORT ENTERPRISE INSTITUTE 2301 RESEARCH PARK WAY BROOKINGS SD 57006 710879071 501(C)(3) 7500 PROGRAM SUPPORT SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 GOVERNMENTAL 3646344 GIFTS, GRANTS SCHOLARSHIPS SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 GOVERNMENTAL 30741844 SDSU DEPT EXPENSES, BUILDING AND EQUIP PURCHASES ALPHA XI DELTA CORPORATION 1531 STATE HIGHWAY 4 SHERBURN MN 56171 900589826 501(C)(7) 10000 CONSTRUCTION COSTS FOR EDUCATIONAL SPACE BROOKINGS CHAMBER MUSIC SOCIETY SLM BOX 2212 DEPT OF MUSIC BROOKINGS SD 57006 911850338 501(C)(3) 6000 PROGRAM SUPPORT SOUTH DAKOTA STATE UNIVERSITY GROWTH PARTNERSHIP 2301 RESEARCH PARK WAY SUITE 145 BROOKINGS SD 57006 202506183 501(C)(3) 120000 PROGRAM SUPPORT 5 2 PART I, LINE 2: FUNDS MADE AVAILABLE TO THE SDSU FOUNDATION ARE TYPICALLY RESTRICTED BY THE DONOR FOR SPECIFIC SCHOLARSHIPS AND/OR PROGRAMS. THE FOUNDATION PROVIDES THE SELECTION CRITERIA TO THE SDSU FINANCIAL AID OFFICE, WHO USES THIS TO DETERMINE ELIGIBILITY OF STUDENTS. THE FOUNDATION PROVIDES DONOR-IMPOSED RESTRICTIONS ON PROGRAM FUNDS TO THE DEPARTMENT HEADS AND LEADERSHIP OF SOUTH DAKOTA STATE UNIVERSITY. REQUESTS ARE MONITORED BY THE FOUNDATION FOR PROPER AUTHORIZATION AND UTILIZATION. X X X X 0 0 0 0 0 0 0 0 0 STEVE ERPENBACH PRESIDENT/CEO 188779 0 0 0 0 0 12467 0 29530 0 230776 0 0 0 TIM DWIRE VP OF OPERATIONS & FINANCE 154785 0 0 0 0 0 9742 0 17992 0 182519 0 0 0 KEITH MAHLUM VP OF DEVELOPMENT 140687 0 0 0 0 0 8508 0 8127 0 157322 0 0 0 A BROOKINGS COUNTY 466000070 2007-06-28 10000000 BUILDING PROJECTS ON THE SDSU CAMPUS IN BROOKINGS, SD. 0 0 0 B BROOKINGS COUNTY 466000070 2010-04-28 12000000 AVERA HEALTH AND SCIENCE CENTER 0 0 0 A 7833843 10000000 105085 9894915 2009 0 0 1 1 B 10611806 12000000 29864 11970136 2010 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 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 0 0 0 0 0 A 0 B 0 FORM 990, SCHEDULE K, PART II: THE FOUNDATION'S PRIMARY PURPOSE IS TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. TO HELP ACCOMPLISH THIS, THE FOUNDATION FUNDED APPROXIMATELY $16,600,000 OF CAPITAL PROJECTS ON THE SDSU CAMPUS DURING 2010. THE PROCEEDS OF THIS $10,000,000 BOND ISSUANCE WERE USED IN FUNDING THAT OCCURRED DURING 2008 AND 2009. X 267 14533963 AVG HIGH/LOW DOT X 1 151000 FMV X 1 1120000 FMV X LIVESTOCK/GRAIN 31 187263 SELLING PRICE X OTHER 202 150598 FAIR MARKET VALUE 2 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION ADDED A GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 TRUSTEES OF THE FOUNDATION WILL CONSTITUTE THE MEMBERSHIP OF THE CORPORATION. THE COUNCIL OF TRUSTEES SHALL CONSIST OF NO MORE THAN 150 MEMBERS, ALTHOUGH THAT NUMBER MAY BE MODIFIED AT ANY TIME BY MAJORITY VOTE OF THE TRUSTEES. TRUSTEES SHALL BE ELECTED BY THE COUNCIL OF TRUSTEES DURING THE SPRING MEETING TO SERVE THREE YEAR TERMS. THERE ARE NO TERM LIMITS. TRUSTEES SHALL BEGIN THEIR TERM OF OFFICE ON JANUARY 1 FOLLOWING ELECTION. FORM 990, PART VI, SECTION A, LINE 7A THE BUSINESS AND AFFAIRS OF THE CORPORATION SHALL BE EXERCISED BY A BOARD OF GOVERNORS WHICH IS ELECTED BY THE COUNCIL OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S FINANCE OFFICE REVIEWS THE 990 IN DETAIL, AND QUESTIONS ARE RESOLVED WITH THE GOVERNING BODY. DUE TO THE REQUEST FOR ANONYMITY BY CERTAIN DONORS, THE FOUNDATION REDACTED THE NAMES AND ADDRESSES OF DONORS FROM THE COPY OF ITS FORM 990, SCHEDULE B, THAT IT PROVIDED TO ITS BOARD OF GOVERNORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS OFFICERS, DIRECTORS OR TRUSTEES. A REQUEST IS MADE ANNUALLY FOR ALL OFFICERS, DIRECTORS OR TRUSTEES TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST. THE BOARD MAKES A DETERMINATION OF WHETHER THERE IS A CONFLICT OF INTEREST AND IF SO, IMPLEMENTS THE PROCEDURE FOR EVALUATING THE ISSUE OR TRANSACTION INVOLVED. THE OFFICER, DIRECTOR OR TRUSTEE WITH THE CONFLICT MUST REFRAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION INCLUDES THE USE OF SUB-COMMITTEES, COMPENSATION STUDIES, AND JOB DESCRIPTIONS. THIS PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 717,094. FORM 990, PART VI, LINE 8B COMMITTEES KEEP MINUTES OF THEIR MEETINGS, ALTHOUGH THERE IS NO COMMITTEE THAT HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. ENTERPRISE INSTITUTE 2301 RESEARCH PARK WAY BROOKINGS SD 57006 710879071 SUPPORT SCIENTIFIC RESEARCH AND EDUCATIONAL OPPORTUNITIES AT SDSU SD 501(C)(3) LINE 5 SDSU FOUNDATION 1 MISSION HILLS PLAZA 2420 ENTERPRISE ROAD SUITE 105 CLEARWATER FL 33763 593110740 RENTAL ACTIVITY FL SOUTH DAKOTA STATE UNIVERSITY FOUNDATION EXCLUDED 12390 129212 0 1 0.50000 MIGHTY FLY SD INC 110 S PHILLIPS AVE SUITE 200 SIOUX FALLS SD 57104 411931279 LEASING OF AIRPLANES TO SDSU SD SDSU FOUNDATION C -125574 1495884 1.00000 1 CHARITABLE REMAINDER TRUSTS (46) CHARITABLE REMAINDER TRUST (46) SD N/A T 1 POOLED INCOME FUND (3) POOLED INCOME FUND (3) SD N/A T 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 MIGHTY FLY F 112817 FMV SCHEDULE R, PART II, THE RELATIONSHIP BETWEEN ENTERPRISE INSTITUTE AND SOUTH DAKOTA STATE UNIVERSITY FOUNDATION TERMINATED EFFECTIVE AUGUST 8, 2016.