2014-11-06T08:26:04-06:00 2013-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2013-01-01 460273801 SOUTH DAKOTA STATE UNIVERSITY FOUNDATION SOUT 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 STEVE ERPENBACH PRESIDENT 6056977475 2014-10-20 1 LAURIE HANSON P00851848 6053391999 2014-10-20 2013 2015-11-30 17:44:51Z STEVE ERPENBACH 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 99869545 0 X WWW.SDSUFOUNDATION.ORG X 1945 SD UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. 13 13 36 191 5581 3595 26472583 44986342 1404 148771 1778848 4994825 731502 946855 28984337 51076793 8899304 21123266 0 0 1902092 1985729 42224 15000 2253520 4079451 2379447 14923071 25503442 14061266 25573351 160983140 191862495 26075843 24027671 134907297 167834824 ENHANCING EXCELLENCE BY CULTIVATING GENEROSITY AND TREASURING THE LOYALTY OF ALL WE SERVE. 0 0 21123266 21123266 0 TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. APPROXIMATELY $3.44 MILLION IN SCHOLARSHIPS WERE AWARDED, $5.7 MILLION IN DEPARTMENTAL PROGRAMS WERE FUNDED, AND $11.15 MILLION IN CAPITAL PROJECTS WERE FUNDED DURING 2013. 21123266 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 144 0 1 36 1 1 1 0 0 0 1 1 1 1 0 0 0 1 0 X 13 13 1 0 0 0 1 1 0 1 0 0 0 0 1 1 1 1 0 1 1 1 1 AK NH X TIM DWIRE 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 57007 KEVIN ROBERTS CHAIR 1.00 X X 0 0 0 STEVE STAHLY CHAIR-ELECT 1.00 X X 0 0 0 KEITH BARTELS BOARD MEMBER 1.00 X 0 0 0 GENE JOHNSON BOARD MEMBER 1.00 X 0 0 0 DUANE HARMS BOARD MEMBER 1.00 X 0 0 0 KIM TYLER BOARD MEMBER 1.00 X 0 0 0 CATHY VOELZKE BOARD MEMBER 1.00 X 0 0 0 MYRON WILLIAMS 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 MARY HOWARD 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 STEVE ERPENBACH PRESIDENT/CEO 55.00 X 170241 0 28606 TIM DWIRE VP OF OPERATIONS & FINANCE 55.00 X 132092 0 24286 KEITH MAHLUM VP OF DEVELOPMENT 55.00 X 124486 0 11159 426819 0 64051 3 0 1 0 ARAMARK SSU 155 BOX 2815B BROOKINGS SD 57007 FOOD SERVICES 337677 HENKIN-SCHULTZ 6201 S PINNACLE PLACE SIOUX FALLS SD 57108 MARKETING 210621 MERCER 701 MARKET STREET SUITE 100 ST LOUIS MO 63101 INVESTMENT CONSULTING 127766 3 44986342 16314677 44986342 ADMINISTRATION FEES 561000 166464 166464 INVESTMENT IN SUBSIDIARY 900099 -17693 5581 -23274 148771 2642016 2642016 386855 0 386855 386855 386855 51145561 48792752 2352809 2352809 2352809 TELEMARKETING CONTRACT 900099 300000 300000 PROFESSIONAL FUNDRAISING 900099 260000 260000 560000 51076793 0 5581 6084870 21123266 21123266 491872 256320 235552 1274195 613912 660283 48647 26184 22463 54348 34009 20339 116667 55989 60678 15741 4327 11414 63806 62501 1305 15000 15000 238423 238423 154496 37014 117482 100403 30296 70107 444321 184070 260251 54517 31988 22529 195605 171946 23659 92470 9363 83107 19808 8764 11044 31452 31452 157465 157465 56321 21668 34653 RECOGNITION AND MEMORIA 275900 0 108826 167074 HOSPITALITY 134788 0 2054 132734 DUES AND SUBSCRIPTIONS 7667 0 3578 4089 INCOME TAXES 7422 7422 328842 29085 299757 25503442 21123266 2126656 2253520 11026758 28321051 31565547 28041868 0 0 1889306 3482290 26071 922996 12712627 1910872 9948627 10801755 95612328 107902127 1250000 10914503 11140408 160983140 191862495 2656616 3228422 13471274 10992044 846598 722449 9101355 9084756 26075843 24027671 X -14435814 -11241281 38956684 58294254 110386427 120781851 134907297 167834824 160983140 191862495 X 25573351 6434097 920079 X 0 1 X 1 0 X 19679152 24505356 25135858 26472583 44986342 140779291 19679152 24505356 25135858 26472583 44986342 140779291 24121740 116657551 2764528 2602361 2707509 2944827 3028871 14048096 462000 495000 495000 450000 560000 2462000 157289387 352075 0.74170 0.70250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 101078660 9944980 10993653 3378758 9487 1416948 117212100 90497642 6224937 8392754 2363038 433425 1240210 101078660 85546878 9609609 -291743 2797413 266933 1302756 90497642 71640908 10717659 7294478 3841177 240733 24257 85546878 58226820 7462837 10825532 1877176 1701797 1295308 71640908 0.00270 0.98100 0.01630 0 0 2211287 786986 2998273 2220814 3709859 1127105 4803568 860785 772702 88083 2858394 64502 11065 2911831 10801755 TRUSTS HELD BY OTHERS 2098267 LIFE ESTATES 1257155 INVESTMENT IN SUBSIDIARIES 2134291 CASH SURRENDER VALUE OF LIFE INSURANCE 425867 BENEFICIAL INTEREST IN PERPETUAL TRUST 967684 OTHER INVESTMENTS IN ANNUITIES, TRUSTS & ENDOWMENT POOLS 4257144 11140408 INVESTMENTS HELD FOR OTHERS 246728 GIFT ANNUITIES AND LIFE INCOME AGREEMENTS 8838028 9084756 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 ORGANIZATION 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, 2013 AND 2012 THAT ARE MATERIAL TO THE CONSOLIDATED 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. THE FOUNDATION'S FORM 990-T IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS FOR YEARS BEFORE 2010. 1 SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 501(C)(3) 15528138 962137 FMV IN-KIND SERVICES, MATERIALS AND EQUIPMENT SDSU DEPARTMENTAL EXPENSES, BUILDING, AND EQUIPMENT PURCHASES SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 501(C)(3) 3403424 GIFT, GRANTS, SCHOLARSHIPS ENTERPRISE INSTITUTE 2301 RESEARCH PARK WAY BROOKINGS SD 57006 710879071 501(C)(3) 20000 GIFT, GRANTS AND SCHOLARSHIPS MICHIGAN STATE UNIVERSITY 109 AGRICULTURAL HALL EAST LANSING MI 48824 386005984 501(C)(3) 66667 FELLOWSHIP SAND COUNTY FOUNDATION 16 N CARROLL ST SUITE 450 MADISON WI 53703 396089450 501(C)(3) 5000 CONSERVATION SAE SERVICES INC (SD THETA CORPORATION) PO BOX 22009 DES MOINES IA 50325 460342550 501(C)(5) 240000 CONSTRUCTION COSTS FOR EDUCATION PURPOSES SDSU ALUMNI ASSOCIATION TOMPKINS ALUMNI CENTER BOX 515 BROOKINGS SD 57007 411866674 501(C)(3) 310141 PROGRAM SUPPORT VISION BROOKINGS FOUDNATION 414 MAIN AVE BROOKINGS SD 57006 364585401 501(C)(3) 415000 PROGRAM SUPPORT FOR AQUACULTURE & ETHANOL 7 1 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 170241 0 0 0 0 0 9202 0 19792 0 199235 0 0 0 TIM DWIRE VP OF OPERATIONS & FINANCE 132092 0 0 0 0 0 7116 0 17509 0 156717 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 4896151 10000000 105085 9894915 2009 0 0 1 1 B 6111806 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 X 1 5241 FAIR MARKET VALUE X 135 10464761 AVG HIGH/LOW DOT X 1 1750000 APPRAISAL & MARKET VALUE X 1 896000 APPRAISAL X OTHER 252 2604157 FAIR MARKET VALUE X LIVESTOCK/GRA 75 315082 SELLING PRICE X EQUIPMENT 7 279436 OPINION OF EXPERT 3 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JON BROWN, BOARD MEMBER, AND GENE JOHNSON, BOARD MEMBER, HAVE A BUSINESS RELATIONSHIP. 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 A, LINE 8B THE FOUNDATION DOCUMENTS MEETINGS HELD BY EACH COMMITTEE BUT THE FOUNDATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE VP OF FINANCE & OPERATIONS 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 920,079. FORM 990, SCH 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. 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 OPPORTUNITIES FARM 815 MEDARY AVENUE BOX 525 BROOKINGS SD 57006 820564374 OPERATE A FARM AND CATTLE FEEDLOT FOR THE BENEFIT OF SDSU STUDENTS SD 501(C)(3) LINE 5 SDSU FOUNDATION 1 MISSION HILLS PLAZA 2420 ENERPRISE ROAD SUITE 105 CLEARWATER FL 33763 593110740 RENTAL ACTIVITY FL SOUTH DAKOTA STATE UNIVERSITY FOUNDATION EXCLUDED 20171 105548 0 1 0.50000 MIGHTY FLY SD INC 110 S PHILLIPS AVE SUITE 200 SIOUX FALLS SD 57104 411931279 LEASING OF AIRPLANE TO SDSU SD SDSU FOUNDATION C 74100 1437178 1.00000 1 CHARITABLE REMAINDER TRUSTS (50) CRT SD N/A T 1 POOLED INCOME FUND (4) CRMF SD N/A T 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 OPPORTUNITIES FARM A 166464 FMV CHARITABLE REMAINDER TRUST C 159560 CASH MIGHTY FLY F 74100 FMV