WILLISTON STATE COLLEGE FOUNDATION: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- WILLISTON STATE COLLEGE FOUNDATION (EIN 45-6012226)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-12
- IRS object ID
- 201741329349303634
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-12T12:01:44-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EIDE BAILLY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1387 | AddressLine1Txt |
| City | WILLISTON | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 588021387 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 456012226 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Williston State College Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WILL | BusinessNameControlTxt |
| Phone | 7015729275 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 1286 | AddressLine1Txt |
| City | Williston | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 588021286 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Terry Olson | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Phone | 7015729275 | PhoneNum |
| Signature | 2017-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Nancy Swallom CPA | PreparerPersonNm |
| PTIN | P00137671 | PTIN |
| Phone | 7015772157 | PhoneNum |
| Preparation | 2017-05-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Terry Olson | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 1286 | AddressLine1Txt |
| City | Williston | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 588021286 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,994,863 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.wscfoundation.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1962 | FormationYr |
| Legal Domicile State | ND | LegalDomicileStateCd |
| Activity Or Mission | To promote and support Williston State College. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 22 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $474,022 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,179,186 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,324,906 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $73,447 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $68,582 | CYProgramServiceRevenueAmt |
| PY Investment Income | $562,322 | PYInvestmentIncomeAmt |
| CY Investment Income | $691,604 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,666,322 | PYOtherRevenueAmt |
| CY Other Revenue | $2,983,948 | CYOtherRevenueAmt |
| PY Total Revenue | $7,481,277 | PYTotalRevenueAmt |
| CY Total Revenue | $6,069,040 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,553,281 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,797,950 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $719,386 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $731,619 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $22,009 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $565,474 | PYOtherExpensesAmt |
| CY Other Expenses | $486,015 | CYOtherExpensesAmt |
| PY Total Expenses | $4,838,141 | PYTotalExpensesAmt |
| CY Total Expenses | $4,015,584 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,643,136 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,053,456 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $30,280,046 | TotalAssetsBOYAmt |
| Total Assets EOY | $31,734,554 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,523,433 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,215,871 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $22,756,613 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $24,518,683 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The Foundation partners with the College by 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,792,464 | ExpenseAmt |
| Grant | $2,792,464 | GrantAmt |
| Desc | The organization provides scholarships for higher education at Williston State College (WSC), grants for continuing education, and WSC staff grants for the support of college and community programs and projects. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $403,043 | ExpenseAmt |
| Revenue | $64,005 | RevenueAmt |
| Desc | The Foundation owns property and equipment that is rented by Williston State College and produces a quarterly publication - Teton Thunder News. Housing is provided though Williston State College Housing LLC to Williston State College employees and other essential service workers. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,486 | ExpenseAmt |
| Grant | $5,486 | GrantAmt |
| Desc | Contributions to other charities that support the Williston North Dakota area. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $3,200,993 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 1 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 22 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | ND | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Terry Olson | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7015729275 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 721 East Highland Drive Suite E | AddressLine1Txt |
| City | Williston | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 58801 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Pete Furuseth | ||||||
| President | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Charlotte Schilke | ||||||
| Vice President | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Kim Hennessy | ||||||
| Secretary/Treasurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Dean Aafedt | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Rick Medalen | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Ward Koeser | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Tammy Sogard | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Myron Lee | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Dr Brett Vibeto | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Nathan Jepsen | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Larry Grondahl | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Terry Olson | ||||||
| Executive Director | 50.00 | Yes (X) | $173,842 | $0 | $36,101 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $173,842 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $36,101 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (1) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Edman Builders | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 4306 | AddressLine1Txt |
| City | Williston | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 58802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Construction | ServicesDesc |
| Compensation | $316,039 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,324,906 | AllOtherContributionsAmt |
| Noncash Contributions | $10,000 | NoncashContributionsAmt |
| Total Contributions | $2,324,906 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Teton Motor Coach Lease Income | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $60,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,000 | RelatedOrExemptFuncIncomeAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,582 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,005 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $4,577 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $68,582 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $349,769 | TotalRevenueColumnAmt |
| Exclusion | $349,769 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,080,191 | TotalRevenueColumnAmt |
| Exclusion | $2,080,191 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,030,520 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,010,907 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $19,613 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,613 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$28,949 | UnrelatedBusinessRevenueAmt |
| Exclusion | $48,562 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $345,321 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $3,486 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $345,321 | SecuritiesAmt |
| Other | -$3,486 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $341,835 | TotalRevenueColumnAmt |
| Exclusion | $341,835 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $5,045,757 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $4,911,430 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $134,327 | TotalRevenueColumnAmt |
| Exclusion | $134,327 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ND Motor Vehicle | 900099 | $475,112 | $475,112 | |
| Horizon Capital K-1 Income | 900099 | $274,705 | $23,282 | $251,423 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $749,817 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,069,040 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $64,005 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $474,022 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,206,107 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,797,950 | TotalAmt |
| Program Services | $2,797,950 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $215,673 | TotalAmt |
| Program Services | $150,972 | ProgramServicesAmt |
| Management And General | $43,134 | ManagementAndGeneralAmt |
| Fundraising | $21,567 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,240 | TotalAmt |
| Program Services | $7,320 | ProgramServicesAmt |
| Management And General | $333,920 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,541 | TotalAmt |
| Program Services | $1,174 | ProgramServicesAmt |
| Management And General | $38,367 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,952 | TotalAmt |
| Program Services | $10,458 | ProgramServicesAmt |
| Management And General | $87,494 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,213 | TotalAmt |
| Program Services | $9,503 | ProgramServicesAmt |
| Management And General | $27,268 | ManagementAndGeneralAmt |
| Fundraising | $442 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,090 | TotalAmt |
| Management And General | $4,090 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,509 | TotalAmt |
| Management And General | $34,509 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,212 | TotalAmt |
| Program Services | $69,834 | ProgramServicesAmt |
| Management And General | $44,378 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,128 | TotalAmt |
| Program Services | $47,128 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,307 | TotalAmt |
| Management And General | $9,307 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,978 | TotalAmt |
| Management And General | $15,978 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,392 | TotalAmt |
| Program Services | $16,743 | ProgramServicesAmt |
| Management And General | $6,649 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,402 | TotalAmt |
| Management And General | $3,402 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,592 | TotalAmt |
| Management And General | $5,592 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104 | TotalAmt |
| Management And General | $104 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,116 | TotalAmt |
| Program Services | $66,997 | ProgramServicesAmt |
| Management And General | $33,119 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,725 | TotalAmt |
| Management And General | $2,725 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| Credit Card Fees | $34,352 | $34,352 | |
| Teton Thunder News | $13,282 | $13,282 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,826 | TotalAmt |
| Program Services | $9,632 | ProgramServicesAmt |
| Management And General | $68,194 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,015,584 | TotalAmt |
| Program Services | $3,200,993 | ProgramServicesAmt |
| Management And General | $792,582 | ManagementAndGeneralAmt |
| Fundraising | $22,009 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,614 | BOYAmt |
| EOY | $106,506 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,222,954 | BOYAmt |
| EOY | $7,077,215 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,000 | BOYAmt |
| EOY | $452,334 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,384 | BOYAmt |
| EOY | $12,667 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,809 | BOYAmt |
| EOY | $28,101 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $12,651,812 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,755,775 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,020,530 | BOYAmt |
| EOY | $10,896,037 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,503,203 | BOYAmt |
| EOY | $10,904,501 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,389,552 | BOYAmt |
| EOY | $2,257,193 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,280,046 | BOYAmt |
| EOY | $31,734,554 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,098 | BOYAmt |
| EOY | $116,965 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,000 | BOYAmt |
| EOY | $400,847 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,039 | BOYAmt |
| EOY | $72,310 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,540,751 | BOYAmt |
| EOY | $5,336,528 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,250,000 | BOYAmt |
| EOY | $1,250,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,545 | BOYAmt |
| EOY | $39,221 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,523,433 | BOYAmt |
| EOY | $7,215,871 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,706,772 | BOYAmt |
| EOY | $3,711,944 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,617,000 | BOYAmt |
| EOY | $13,536,589 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,432,841 | BOYAmt |
| EOY | $7,270,150 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,756,613 | BOYAmt |
| EOY | $24,518,683 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,280,046 | BOYAmt |
| EOY | $31,734,554 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,053,456 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$291,386 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $531,277 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $499,850 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $652,436 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,179,186 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,324,906 | CurrentTaxYearAmt |
| Total | $5,187,655 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $531,277 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $499,850 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $652,436 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,179,186 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,324,906 | CurrentTaxYearAmt |
| Total | $5,187,655 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $5,187,655 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $334,250 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,681,678 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,291,567 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,082,765 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,460,480 | CurrentTaxYearAmt |
| Total | $18,850,740 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,524,174 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus1 Year | $39,743 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $251,423 | CurrentTaxYearAmt |
| Total | $1,815,340 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $25,853,735 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $137,452 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.20070 | PublicSupportCY170Pct |
| Public Support PY170 | 0.14140 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule A, Part II, Line 10, Explanation of Other Income: | Horizon K-1 Income - 2011 Amount: $ 1,524,174. 2014 Amount: $ 39,743. 2015 Amount: $ 251,423. |
| Schedule A, Part II, Line 17a, Facts and Circumstances Test: | Facts and Circumstances to be Considered a Publicly Supported Organization Under 509(a)(1) For the Year Ended June 30, 2016 Williston State College Foundation fails to meet the public support test for the years ended July 1, 2015 through June 30, 2016. However, based on the following facts and circumstances, the organization should continue to be recognized as a publicly supported organization under Internal Revenue Code Section 509(a)(1). Ten-Percent of Support: The total amount of public support for the organization during the above mentioned period is 20.07%. Therefore, the total public support is greater than the required 10%. Attraction of Public Support: The Williston State College Foundation has actively been soliciting for community donations to increase the level of support that they can provide to the Williston State College. Enrollment numbers have been increasing at the Williston State College, and with increased enrollment, the Foundation has found that there are more scholarship and other needs to support the Williston State College. The Foundation currently has been soliciting donations by sending out mailings to alumi and other potential donors to take advantage of the North Dakota Higher Education Challenge Grant and the North Dakota tax credit on endowment gifts. They are also soliciting gifts for naming opportunities for suites at Frontier Hall. This will be a three year campaign. The Foundation solicits from a broad source of supporters and not just a select few individuals. Sources of Support: Williston State College Foundation does not receive support from a single family; rather it receives support from members of the general public. The organization received a portion of its support from individuals in the community. Representative Governing Body: Williston State College Foundation has a diverse group of community members serving on their governing body that represents the interest of the public; it does not represent the interests of the donors of Williston State College Foundation. These representatives ensure that the organization promotes and supports Williston State College as part of its mission. Based on the above facts and circumstances, Williston State College Foundation should continue to be considered as publicly supported under Internal Revenue Code Section 509(a)(1). |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,555,730 | BeginningYearBalanceAmt |
| Contributions | $837,309 | ContributionsAmt |
| Investment Earnings Or Losses | $1,839,796 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $987,016 | GrantsOrScholarshipsAmt |
| End Year Balance | $20,245,819 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,087,050 | BeginningYearBalanceAmt |
| Contributions | $50,000 | ContributionsAmt |
| Investment Earnings Or Losses | $4,309,330 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,856,541 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $34,109 | AdministrativeExpensesAmt |
| End Year Balance | $18,555,730 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,851,894 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $7,224,189 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,919,371 | GrantsOrScholarshipsAmt |
| Other Expenditures | $5,000 | OtherExpendituresAmt |
| Administrative Expenses | $64,662 | AdministrativeExpensesAmt |
| End Year Balance | $16,087,050 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,736,126 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $3,033,306 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $504,704 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,374,975 | OtherExpendituresAmt |
| Administrative Expenses | $37,848 | AdministrativeExpensesAmt |
| End Year Balance | $10,851,905 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,671,482 | BeginningYearBalanceAmt |
| Contributions | $50,000 | ContributionsAmt |
| Investment Earnings Or Losses | $1,804,247 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $721,059 | GrantsOrScholarshipsAmt |
| Other Expenditures | $758,729 | OtherExpendituresAmt |
| Administrative Expenses | $309,815 | AdministrativeExpensesAmt |
| End Year Balance | $9,736,126 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.01000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.36000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.63000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,890 | OtherCostOrOtherBasisAmt |
| Book Value | $7,890 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,040,625 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,380,954 | DepreciationAmt |
| Book Value | $10,659,671 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $603,297 | OtherCostOrOtherBasisAmt |
| Depreciation | $374,821 | DepreciationAmt |
| Book Value | $228,476 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $10,896,037 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (7 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Accrued Interest Receivable | $16,392 |
| Federal Income Tax Withholding | $1,219 |
| Due from Related Party | $467,745 |
| Horizon Capital | $997,125 |
| Mineral Rights | $354,190 |
| Oil Royalties | $253,922 |
| Restricted Cash | $166,600 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,257,193 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Accrued Interest Payable | $22,516 |
| Due to Related Party | $16,705 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $39,221 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $11,703,477 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$291,386 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$291,386 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,994,863 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$5,925,823 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$5,925,823 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $6,069,040 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,941,407 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $5,925,823 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $5,925,823 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,015,584 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,015,584 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 2b: | The Foundation holds security deposits in escrow for tenants. These deposits are refunded subject to inspection of the apartments for damages. |
| 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: | 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. All required filings are up to date. |
| Part XI, Line 4b - Other Adjustments: | Gaming Expenses Reported in Expenses on Financial Statements -4,911,430. Rental Expenses Reported in Expenses on Financial Statements -1,010,907. Loss on Sale of Fixed Assets in Expenses on Financial Statements -3,486. |
| Part XII, Line 2d - Other Adjustments: | Gaming Expenses Reported in Expenses on Financial Statements 4,911,430. Rental Expenses Reported in Expenses on Financial Statements 1,010,907. Loss on Sale of Fixed Assets in Expenses on Financial Statements 3,486. |
Schedule G IRS990ScheduleG
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Pull Tabs | $2,598,023 | GrossRevenuePullTabsAmt |
| Cash Prizes Pull Tabs | $2,081,829 | CashPrizesPullTabsAmt |
| Rent Facility Costs Pull Tabs | $35,947 | RentFacilityCostsPullTabsAmt |
| Other Direct Expenses Pull Tabs | $371,864 | OtherDirectExpensesPullTabsAmt |
| Volunteer Labor Pull Tabs | 0 | VolunteerLaborPullTabsInd |
| Gross Revenue Other Gaming | $2,447,734 | GrossRevenueOtherGamingAmt |
| Cash Prizes Other Gaming | $2,083,476 | CashPrizesOtherGamingAmt |
| Rent Fclty Costs Other Gaming | $33,868 | RentFcltyCostsOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $304,446 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | 0 | VolunteerLaborOtherGamingInd |
| Gross Revenue Total Gaming | $5,045,757 | GrossRevenueTotalGamingAmt |
| Cash Prizes Total Gaming | $4,165,305 | CashPrizesTotalGamingAmt |
| Rent Fclty Costs Total Gaming | $69,815 | RentFcltyCostsTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $676,310 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $4,911,430 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $134,327 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | ND | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (1) | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Other Facility | 1.00000 | GamingOtherFacilityPct |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1387 | AddressLine1Txt |
| City | Williston | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 588021387 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
| Gaming Manager Person | Roseanne Marquez | GamingManagerPersonNm |
| Gaming Manager Compensation | $37,632 | GamingManagerCompensationAmt |
| Gaming Manager Services Prov | Manage gaming operations, hire and fire employees, make deposits, prepare reports required by gaming regulations | GamingManagerServicesProvTxt |
| Gaming Manager Is Employee | Yes (X) | GamingManagerIsEmployeeInd |
| Charitable Distribution Rqr | Yes (1) | CharitableDistributionRqrInd |
| Distributed | $324,748 | DistributedAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Williston State College | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1410 University Ave | AddressLine1Txt |
| City | Williston | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 58801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 450324813 | RecipientEIN |
| IRC Section | WSC | IRCSectionDesc |
| Cash Grant | $2,792,464 | CashGrantAmt |
| Purpose Of Grant | Student scholarships; college infrastructure & program support | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Foundation has a close working relationship with Williston State College. Due to this relationship and the fact that the Foundation's purpose is to support the college, once grant disbursements are made no further follow-up is done to monitor the use of the funds. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Terry Olson | PersonNm |
| Title | Executive Director | TitleTxt |
| Base Compensation Filing Org | $167,842 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $6,000 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $22,599 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $13,501 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $209,942 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | Terry Olson, 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. Olson. Annual dues for Mr. Olson's Rotary Club membership were paid by the Foundation. Membership is compulsory and therefore not treated as taxable wages. |
| Part I, Line 3 | Terry Olson is compensated by Williston State College, an unrelated organization and Williston State College Foundation reimburses Williston State College for Terry's compensation. The boxes marked above represent the steps taken by the Foundation to determine Terry'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. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 1 | The Executive Committee shall be composed of the officers of the Board of Directors and two (2) additional directors to be appointed by the President. The Executive Committee shall have and exercise the powers of the Board of Directors between meetings of the Board of Directors. However, the directors may designate such additional committees, as they deem advisable. Designation and appointment of any such committee or committees and the delegation thereto of authority shall not operate to relieve the Board of Directors, or any individual director, of any responsibility imposed on it or him or her by law. All committees shall and have to exercise the authority of the Board of Directors as delineated and outlined in their appointment; however, no committee shall have the authority of the Board of Directors in reference to the amending, altering, or repealing of the by-laws, and all acts of the committee shall be subject to the approval of the Board of Directors. |
| Form 990, Part VI, Section B, line 11 | The Form 990 is provided to the governing body for review prior to filing. |
| 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 the 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 Foundation's best interest and for its own benefit and whether the transaction is fair and reasonable to the Foundation and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. |
| Form 990, Part VI, Section B, line 15a | Review and approval by the Board of Directors. The Board of Directors uses the ND State Broadbanding scale to determine Executive Director's compensation. This process last took place in May 2016. |
| Form 990, Part VI, Section C, line 19 | Copies of the governing documents, conflict of interest policy and financial statements may be made available for public inspection upon request by calling the Foundation office. A condensed copy of the financial statements is published in the Foundation's annual Rave Review. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Williston Statae College Housing | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1286 | AddressLine1Txt |
| City | Williston | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 58802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 371693089 | EIN |
| Primary Activities | Affordable housing for WSC employees and other essential service entities | PrimaryActivitiesTxt |
| Legal Domicile State | ND | LegalDomicileStateCd |
| Total Income | $975,832 | TotalIncomeAmt |
| End Of Year Assets | $7,248,431 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WSC Foundation | BusinessNameLine1Txt |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Horizon Capital LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 14010 | AddressLine1Txt |
| City | Grand Forks | CityNm |
| State Abbreviation | ND | StateAbbreviationCd |
| ZIP | 582084010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 451045906 | EIN |
| Primary Activities | Affordable housing for essential workers and commercial real estate leasing | PrimaryActivitiesTxt |
| Legal Domicile State | ND | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WSC Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | Excluded | PredominantIncomeTypeTxt |
| Share Of Total Income | $274,705 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $4,823,668 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| UBI Code V | $274,705 | UBICodeVAmt |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.43910 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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