2014-11-17T17:15:26-06:00 2014-06-30 450250958 EIDE BAILLY LLP PO BOX 1914 BISMARCK ND 585021914 990 2013-07-01 450358929 Bismarck State College Foundation BISM 7012245700 PO Box 5587 Bismarck ND 585065587 Gordon Binek Executive Director 7012245700 2014-11-17 1 Lisa Chaffee CPA P00193453 7012551091 2014-11-06 2013 2015-11-30 17:44:51Z Gordon Binek PO Box 5587 Bismarck ND 585065587 8100566 0 X WWW.bismarckstate.edu/foundation/ X 1979 ND Engage in those activities which support the development of Bismarck State College. 80 80 0 100 0 0 2052493 2630521 15486 23302 622772 757114 154347 142413 2845098 3553350 1257095 1245055 0 0 178907 188785 0 0 116178 687739 725695 2123741 2159535 721357 1393815 28814749 30995229 5694154 5452424 23120595 25542805 X Engage in those activities which support and assist in the development and advancement of Bismarck State College. 0 0 1117325 715741 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. 450779 450779 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 more than $450,000 in scholarship awards to over 400 students. All 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, regardless of gender, race, creed or national origin. Scholarships are awarded by the Board of Trustees Programs Committee. 48035 48035 23302 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 $100 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 $100 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 3.75 or better, and have completed 15 semester hours in residence at BSC applicable to an associate degree. The Phi Theta Kappan receives a paid initiation fee for membership, a pin, and a certificate from the BSC Foundation. They are honored at the BSC Recognition Ceremony with a certificate from the BSC Foundation.Employee RecognitionYears of Service: To acknowledge the contributions BSC Faculty and staff make to the excellence of education, the Foundation sponsors a recognition program for employees. Employees are awarded pins 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 insure 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. 30500 30500 Jack FellowshipThe BSC Jack Fellowship Program has been established to fund sabbatical leaves for Bismarck State College employees 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 recipent of the Jack Fellowship. 30500 30500 1646639 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 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 0 1 0 0 0 1 13 0 1 0 0 0 0 0 0 1 1 1 3 0 0 1 0 X 80 80 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 X Gordon Binek 7012245697 PO Box 5587 Bismarck ND 585065587 Michael Schmitz President 1.00 X X 0 0 0 Paul Sandness Vice President 1.00 X X 0 0 0 Brian Kroshus Chair 1.00 X X 0 0 0 Debra Gallagher Program Committee Chair 1.00 X 0 0 0 Marlin King Development Committee Chair 1.00 X 0 0 0 Paul Bakkum Finance Committee Chair 1.00 X 0 0 0 Timothy Atkinson Board Member 1.00 X 0 0 0 Brad Ballweber Board Member 1.00 X 0 0 0 Jay Beyer Board Member 1.00 X 0 0 0 Janeanne Bischke Board Member 1.00 X 0 0 0 Kent Blickensderfer Board Member 1.00 X 0 0 0 Scott Boehn Board Member 1.00 X 0 0 0 Wade Boeshans Board Member 1.00 X 0 0 0 Jim Christianson Board Member 1.00 X 0 0 0 Cindy Clairmont Board Member 1.00 X 0 0 0 Norm Clark Board Member 1.00 X 0 0 0 Jordis Conrad Board Member 1.00 X 0 0 0 Terry Daffinrud Board Member 1.00 X 0 0 0 Carroll Dewing 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 Bryan Dvirnak Board Member 1.00 X 0 0 0 Arlene Farnsworth Board Member 1.00 X 0 0 0 Wendy Feeney Board Member 1.00 X 0 0 0 Dave Froelich Board Member 1.00 X 0 0 0 John Giese Board Member 1.00 X 0 0 0 Kevin Gilchrist Board Member 1.00 X 0 0 0 Mike Haider Board Member 1.00 X 0 0 0 Dave Goodin Board Member 1.00 X 0 0 0 Dick Hedahl Board Member 1.00 X 0 0 0 Renae Hansen Board Member 1.00 X 0 0 0 Michael Heilman Board Member 1.00 X 0 0 0 Tim Hennessy Board Member 1.00 X 0 0 0 Dave Hoekstra Board Member 1.00 X 0 0 0 Mike Holman Board Member 1.00 X 0 0 0 Michael Hummel Board Member 1.00 X 0 0 0 Sommer Hunke Board Member 1.00 X 0 0 0 Niles Hushka Board Member 1.00 X 0 0 0 John Jessen Board Member 1.00 X 0 0 0 Dr Aaron Johnson 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 Troy Kraft Board Member 1.00 X 0 0 0 Deborah Larson Board Member 1.00 X 0 0 0 Karley Leland Board Member 1.00 X 0 0 0 David Ludwig Board Member 1.00 X 0 0 0 Howard Malloy Board Member 1.00 X 0 0 0 Dorothy Mariner Board Member 1.00 X 0 0 0 Shannon McQuade-Ely Board Member 1.00 X 0 0 0 Dale Pahlke Board Member 1.00 X 0 0 0 Judy Pfeifle Board Member 1.00 X 0 0 0 Jim Poolman Board Member 1.00 X 0 0 0 Ken Reno Board Member 1.00 X 0 0 0 Gregory Ross Board Member 1.00 X 0 0 0 Scott Russell Board Member 1.00 X 0 0 0 Erik Sakariassen Board Member 1.00 X 0 0 0 Dave Sauer Board Member 1.00 X 0 0 0 Perrie Schafer Board Member 1.00 X 0 0 0 Jerry Schlosser Board Member 1.00 X 0 0 0 Pamela Schmidt Board Member 1.00 X 0 0 0 Jerry Splonskowski Board Member 1.00 X 0 0 0 Kevin Strege Board Member 1.00 X 0 0 0 Karen Summers Board Member 1.00 X 0 0 0 Mary Theel Board Member 1.00 X 0 0 0 Allen Thomas 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 Curt Walth Board Member 1.00 X 0 0 0 Pat Ward Board Member 1.00 X 0 0 0 John Weeda Board Member 1.00 X 0 0 0 Scott Wegner Board Member 1.00 X 0 0 0 Tony Welder Board Member 1.00 X 0 0 0 Myron Atkinson Board Member 1.00 X 0 0 0 Byron Dorgan Board Member 1.00 X 0 0 0 Ray Grabar Board Member 1.00 X 0 0 0 Wally Joersz Board Member 1.00 X 0 0 0 Roger Peet Board Member 1.00 X 0 0 0 John Sakariassen Board Member 1.00 X 0 0 0 Schelia Schafer Board Member 1.00 X 0 0 0 Gerald Skogley Board Member 1.00 X 0 0 0 Joyce Tello Board Member 1.00 X 0 0 0 Tricia Arenz Board Member 1.00 X 0 0 0 Scott Becker Board Member 1.00 X 0 0 0 Jonus Elston Board Member 1.00 X 0 0 0 Russ Hanson Board Member 1.00 X 0 0 0 Jerry Hauff Board Member 1.00 X 0 0 0 Bryce Hill Board Member 1.00 X 0 0 0 Gary Miller Board Member 1.00 X 0 0 0 Gary Schumacher Board Member 1.00 X 0 0 0 Dave Clark NV President of Bismarck State 1.00 X 0 0 0 Tamara Barber NV Secretary-Treasurer (NV) 1.00 X 0 0 0 Gordon Binek NV Executive Director 40.00 X 133489 0 30411 133489 0 30411 1 0 0 1 0 5844 2624677 304441 2630521 Other Revenue 900099 23302 23302 23302 11 11 20367 20367 91567 0 91567 91567 91567 5297478 4534075 6300 763403 -6300 757103 757103 37320 5844 6841 30479 30479 3553350 23302 0 899527 715741 715741 529314 529314 188785 62928 62929 62928 22788 22788 76373 76373 13201 13201 17210 17210 7836 7836 1148 1148 27281 27281 113095 113095 319791 292368 27423 15361 15361 General Fundraising Cam 49460 49460 Development 46288 46288 15863 12073 3790 2159535 1646639 396718 116178 497857 310962 1134381 782752 161955 20185 1852162 1868402 39930 37612 12953510 1786104 11565053 11167406 11690608 14668227 164289 166648 1708514 1973035 28814749 30995229 1214333 949906 1852162 1738089 350000 252247 2277659 2512182 5694154 5452424 X 9157211 10358579 545705 747469 13417679 14436757 23120595 25542805 28814749 30995229 X 1393815 983577 44818 X 0 1 X 1 0 X 1647761 1274279 1446161 2052493 2630521 9051215 1647761 1274279 1446161 2052493 2630521 9051215 712402 8338813 232261 227961 288444 131463 111945 992074 10043289 191980 0.83030 0.73870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52265 X Study of Art Appreciation 0 10300616 1437391 2295831 1439635 12594203 8927380 926659 1390372 943795 10300616 12898073 442754 -393974 945222 12001631 11091683 526174 1764614 484398 12898073 9989896 430372 1142172 470757 11091683 0.99000 0.01000 0 0 135541 1200000 1335541 11361223 1617785 9743438 168367 150911 17456 88379 17408 70971 11167406 Art Collection 52265 Beneficial Interest in Perpetual Trust 1702208 Other Assets 218562 1973035 Unitrust Payments Due Grantors 2190718 Unitrust Remainder Due Shared Beneficiaries 39519 Charitable Lead Trust Due Grantors 281945 2512182 X 4604349 983577 17403 43178 1044158 3560191 -6841 -6841 3553350 2182139 17403 5201 22604 2159535 0 2159535 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, the fair value of assets associated with individual donor restricted endowment funds may fall below the level that the donor or UPMIFA requires the Foundation to retain as a fund of perpetual duration. In accordance with generally accepted accounting principles, deficiencies of this nature that are reported in unrestricted net assets were $1,927,339 and $3,117,063 as of June 30, 2014 and 2013. These deficiencies resulted from unfavorable market fluctuations that occurred shortly after the investment of new permanently restricted contributions and continued appropriation for certain programs that was deemed prudent by the Board of Trustees. Part X, Line 2: The Foundation is organized as a North Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). The Foundation qualifies for charitable contributions allowed under Section 170(b)(1)(A)(iv) and has been determined not to be a private foundation under Sections 509(a)(1). The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The Foundation has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. 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 Actuarial Adjustment on Annuity Payments 43,178. Part XI, Line 4b - Other Adjustments: Special Events Expense Reported in Expenses on Financial Statements -6,841. Part XII, Line 2d - Other Adjustments: Special Event Expenses Reported in Revenue on Form 990 6,841. Uncollectable Pledges -1,640. Golf Tournament 29131 3956 25175 150 5320 417 789 President's Ride 14033 1888 12145 165 43164 5844 37320 150 5320 417 954 6841 30479 1 Bismarck State College PO Box 5587 Bismarck ND 58506 363291146 BSC 549158 144305 FMV In-kind donations for programs Grant Bismarck Mandan Chamber Foundation 1640 Burnt Boat Dr Bismarck ND 585021675 263807225 170(b)(1)(A)(vi) 20000 Community Bowl Rennovation 2 Scholarships paid to Bismarck State College for BSC Students 516 447776 3003 invoices Postage and special events to promote scholarship applications BCS Student Recognition Awards 95 10330 14381 invoices PTK Membership Dues/programs/food/flowers/postage BSC Employee Recognition Awards 93 11416 11908 invoices Picnic and Holiday Party programs, decorations, entertainment, and food Jack Fellowship 2 30500 Part I, Line 2: Bismarck State College's business office monitors the use of the grants and scholarships. X X 1 1 0 0 0 0 0 0 0 0 0 Gordon Binek NV Executive Director 133489 0 0 0 0 0 16298 0 14805 0 164592 0 0 0 Part I, Line 1a The Foundation provides for the air fare for the spouse of the Executive Director for his meetings with Alumni and potential donors. The Foundation pays for the Lions Club dues for the Executive Director. Schedule J, Part II: The Executive Director, Gordon Binek, is paid by an unrelated company, Bismarck State College, for his services as the Executive Director for Bismarck State College Foundation. 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 A 7076728 7944818 131698 7813120 2008 0 0 1 1 B 530000 1400000 1400000 2007 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 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 Schedule K Part II, Line 1: The 2006 Revenue Note matures in 2021. The amount on line 1 represents the amount of principal reduction of the underlying note payable to the financial institutions rather than actual retirement of bonds of the issue. The 2007 Revenue Note matures in 2032. The amount on line 1 represents the amount of principal reduction of the underlying note payable to the financial institutions rather than actual retirement of bonds of the issue. X 712 Collectors' opinion X 3 24231 Kelly Blue Book X 3 10612 Market price X 1 4850 Comparable properties X Materials & S 42 232058 Selling Price X Interest Cred 1 20000 Actual Amount X Food & Water 5 4288 Selling Price X Mineral Right 1 4000 Appraisal X Prizes 3 2050 Selling Price X Office Suppli 4 1640 Selling Price 6 0 1 0 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 John Sakariassen and Erik Sakariassen have a family relationship and a business relationship. Myron Atkinson and Timothy Atkinson have a family relationship and a business relationship. Shannon McQuade Ely and Curt Walth have a business relationship. Jay Kost and Carroll Dewing have a business relationship. Form 990, Part VI, Section B, line 11 The Form 990 is reviewed by the full Board of Directors prior to filing with the IRS. Form 990, Part VI, Section B, line 15 Gordon Binek is paid by a 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: Actuarial Gain on Annuity Payments 43,178. Uncollectable Pledges 1,640. Charitable Remainder Unitrusts (9) Charitable Trust ND Bismarck State College Foundation 1 Charitable Lead Trusts (2) 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 0