NORTH DAKOTA STATE UNIVERSITY FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- NORTH DAKOTA STATE UNIVERSITY FOUNDATION (EIN 23-7120898)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-13
- IRS object ID
- 201343179349301274
- Schema version
- 2012v2.1
- 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 C
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-13T09:22:11-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 450250958 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EIDE BAILLY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4310 17TH AVE S PO BOX 2545 | AddressLine1 |
| City | FARGO | City |
| State | ND | State |
| ZIP Code | 581082545 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237120898 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | North Dakota State University | BusinessNameLine1 |
| Business Name Line2 | Development Foundation | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORT | NameControl |
| Phone | 7012316800 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1241 N University Drive | AddressLine1 |
| City | Fargo | City |
| State | ND | State |
| ZIP Code | 58102 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Carol Gustad | Name |
| Title | Vice President for Finance/CFO | Title |
| Phone | 7012316800 | Phone |
| Date Signed | 2013-11-08 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LISA CHAFFEE CPA | Name |
| PTIN | P00193453 | PTIN |
| Phone | 7012398500 | Phone |
| Date Prepared | 2013-11-08 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NDSU Development FoundationAlumni Association | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Douglas P Mayo | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1241 N University Drive | AddressLine1 |
| City | Fargo | City |
| State | ND | State |
| ZIP Code | 58102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 67284747 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.ndsufoundation.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1971 | YearFormation |
| State Legal Domicile | ND | StateLegalDomicile |
| Activity Or Mission Description | To advance education, research, and service at North Dakota State University; to work with faculty, staff, students, alumni, business and the community to represent common interests; to raise funds, manage assets and administer resources to stimulate continued development at the University. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 61 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 60 | NbrIndependentVotingMembers |
| Total Nbr Employees | 125 | TotalNbrEmployees |
| Total Nbr Volunteers | 325 | TotalNbrVolunteers |
| Total Gross UBI | -42588 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -44634 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 14028816 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 16530113 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 253905 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 465075 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 630006 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2531746 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -369876 | OtherRevenuePriorYear |
| Other Revenue Current Year | -169580 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14542851 | TotalRevenuePriorYear |
| Total Revenue Current Year | 19357354 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3525362 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 10820891 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1321470 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2767161 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1516012 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 786715 | OtherExpensePriorYear |
| Other Expenses Current Year | 1566518 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5633547 | TotalExpensesPriorYear |
| Total Expenses Current Year | 15154570 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 8909304 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4202784 | RevenuesLessExpensesCY |
| Total Assets BOY | 197098628 | TotalAssetsBOY |
| Total Assets EOY | 210417200 | TotalAssetsEOY |
| Total Liabilities BOY | 36881634 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 37040363 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 160216994 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 173376837 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The North Dakota State University Development Foundation creates opportunities to advance education, research, and service at NDSU. We work in close collaboration with faculty, staff, students and alumni, along with business, industry and the community to best understand and represent common interests. With the needs of the entire University in mind, we efficiently and effectively raise funds, manage assets and administer other privately funded resources to stimulate continued development at NDSU. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8007369 | Expense |
| Grants | 8007369 | Grants |
| Description | Grants to NDSU for buildings, equipment, research, lectures, faculty development, supplies, travel and other departmental needs and activities not funded through state appropriations or student tuition fees. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2813522 | Expense |
| Grants | 2813522 | Grants |
| Description | Scholarships and awards to students enrolled at North Dakota State University selected by independent scholarship committees. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 949242 | Expense |
| Revenue | 477498 | Revenue |
| Description | Alumni records, newsletters and special events such as Homecoming, city alumni/student exchanges. Sponsor University programs such as Harvest Bowl and Celebration of Excellence. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 11770133 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 1 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 99 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 125 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 61 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 60 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Carol Gustad | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7012316854 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1241 University Drive N | AddressLine1 |
| City | Fargo | City |
| State | ND | State |
| ZIP Code | 58102 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (69 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Jonal Uglem | ||||||||
| Chair of the Board | 3.00 | X | X | 0 | 0 | 0 | ||
| Ronald G Olson | ||||||||
| Past Chair of the Board | 2.00 | X | X | 0 | 0 | 0 | ||
| Ryn Pitts | ||||||||
| Vice Chair | 4.00 | X | X | 0 | 0 | 0 | ||
| Steven J Swiontek | ||||||||
| Treasurer | 2.00 | X | X | 0 | 0 | 0 | ||
| John S Wold | ||||||||
| Secretary | 2.00 | X | X | 0 | 0 | 0 | ||
| Sally Berrell | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dr Dean Bresciani | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Barbara Burgum | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Julie Burgum | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Robert E Challey | ||||||||
| Trustee | 6.00 | X | 0 | 0 | 0 | |||
| Paul Cossette | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Terrence C Dahl | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Spencer Duin | ||||||||
| Trustee | 3.00 | X | 0 | 0 | 0 | |||
| Dave Ekman | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Larry Ellingson | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Jane Bale Emison | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Richard J Erickson | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Susan Freeman | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| JoAnn Garaas Skabo | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Kristi Hanson | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Michael E Hanson | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Terry J Hanson | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Robert Heller | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Larry Holweger | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Paul Horn | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| James R Howe | ||||||||
| Trustee | 3.00 | X | 0 | 0 | 0 | |||
| Frank Jennings | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Nancy Johnson | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Barbara Jones | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Nancy Johnson Jordheim | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John R Klai II | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Richard W Kloubec | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Terrance Kristensen | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Russel J Kuzel | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Robert Lervick | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jane Lillestol | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Brady Lipp | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Thomas E Lundeen | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Russell D Maring | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Richard Marsden | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dr James Meier | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dr Larry Milsow | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Dr Robert C Montgomery | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Connie Nicholas | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| David Olig | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| John Q Paulsen | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Daniel S Paulson | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Gary Paulsrud | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Keith Peltier | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Carl Pfiffner | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Jan Promersberger | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| James Roers | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Eileen Scheel | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Jeffrey Schlossman | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| David J Selvig | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Mary Lou Shott | ||||||||
| Trustee | 4.00 | X | 0 | 0 | 0 | |||
| John W Shotwell | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | 0.50 | ||
| Kenneth Skuza | ||||||||
| Trustee | 2.00 | X | 0 | 0 | 0 | |||
| Terry Stroh | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Charles Ulmer | ||||||||
| Trustee | 3.00 | X | 0 | 0 | 0 | |||
| Jeffry Volk | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| James S Wieland | ||||||||
| Trustee | 0.50 | X | 0 | 0 | 0 | |||
| Mary Zweber | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| James C Miller | ||||||||
| President and CEO | 50.00 | X | 207129 | 0 | 40423 | |||
| Carol Gustad | ||||||||
| Vice President for Finance/CFO | 50.00 | X | 94860 | 0 | 26345 | |||
| Sherri Schmidt | ||||||||
| Vice President for Alumni Relations | 60.00 | 132662 | 0 | 31627 | X | |||
| M Scott Barrett | ||||||||
| Director Planned Giving | 40.00 | 120115 | 0 | 32422 | X | |||
| Leo Ringey | ||||||||
| Senior Director of Development | 40.00 | 117282 | 0 | 29283 | X | |||
| Jason Wohlman | ||||||||
| Associate Executive Director | 50.00 | 134048 | 0 | 24349 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 806096 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 184449 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Commonfund | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 5493 | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02206 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | Investment Fees | DescriptionOfServices |
| Compensation | 126016 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Fundraising Events | 317950 | FundraisingEvents |
| All Other Contributions | 16212163 | AllOtherContributions |
| Noncash Contributions | 2645357 | NoncashContributions |
| Total Contributions | 16530113 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Alumni Records Fees | 611710 | 275000 | 275000 | |
| Program Event Revenue | 611710 | 165540 | 162740 | 2800 |
| Miscellaneous Income | 900099 | 24535 | 24535 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 465075 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1837396 | TotalRevenueColumn |
| Unrelated Business Revenue | -71729 | UnrelatedBusinessRevenue |
| Exclusion | $1,909,125 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 215136 | TotalRevenueColumn |
| Exclusion | $215,136 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3056061 | Real |
| Personal | 322919 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3460275 | Real |
| Personal | 326511 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -404214 | Real |
| Personal | -3592 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -407806 | TotalRevenueColumn |
| Related Or Exempt Function Income | -3592 | RelatedOrExemptFunctionIncome |
| Exclusion | -$404,214 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 44558162 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 43863812 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 694350 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 694350 | TotalRevenueColumn |
| Exclusion | $694,350 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 254906 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 317950 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 274172 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -19266 | TotalRevenueColumn |
| Exclusion | -$19,266 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 33384 | GrossSalesOfInventory |
| Cost Of Goods Sold | 2623 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 30761 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16015 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 14746 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|
| Alumni Travel | 561500 | 7564 | 7564 |
| Alumni Insurance | 524298 | 4031 | 4031 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 11595 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19357354 | TotalRevenueColumn |
| Related Or Exempt Function Income | 474698 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -42588 | UnrelatedBusinessRevenue |
| Exclusion | $2,395,131 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10820891 | Total |
| Program Services | 10820891 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 370617 | Total |
| Program Services | 62178 | ProgramServices |
| Management And General | 246261 | ManagementAndGeneral |
| Fundraising | 62178 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1694784 | Total |
| Program Services | 286977 | ProgramServices |
| Management And General | 555237 | ManagementAndGeneral |
| Fundraising | 852570 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 136508 | Total |
| Program Services | 26044 | ProgramServices |
| Management And General | 44095 | ManagementAndGeneral |
| Fundraising | 66369 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 424035 | Total |
| Program Services | 71902 | ProgramServices |
| Management And General | 171854 | ManagementAndGeneral |
| Fundraising | 180279 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141217 | Total |
| Program Services | 22978 | ProgramServices |
| Management And General | 54282 | ManagementAndGeneral |
| Fundraising | 63957 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8923 | Total |
| Program Services | 425 | ProgramServices |
| Management And General | 8498 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48333 | Total |
| Management And General | 48333 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126016 | Total |
| Management And General | 126016 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84214 | Total |
| Program Services | 34502 | ProgramServices |
| Management And General | 49712 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92534 | Total |
| Program Services | 12947 | ProgramServices |
| Management And General | 2795 | ManagementAndGeneral |
| Fundraising | 76792 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 249357 | Total |
| Program Services | 41553 | ProgramServices |
| Management And General | 153235 | ManagementAndGeneral |
| Fundraising | 54569 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99338 | Total |
| Program Services | 252 | ProgramServices |
| Management And General | 73188 | ManagementAndGeneral |
| Fundraising | 25898 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107986 | Total |
| Management And General | 107986 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157162 | Total |
| Program Services | 43144 | ProgramServices |
| Management And General | 41704 | ManagementAndGeneral |
| Fundraising | 72314 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70263 | Total |
| Program Services | 17044 | ProgramServices |
| Management And General | 47714 | ManagementAndGeneral |
| Fundraising | 5505 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56049 | Total |
| Management And General | 56049 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157555 | Total |
| Program Services | 157555 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30474 | Total |
| Management And General | 30350 | ManagementAndGeneral |
| Fundraising | 124 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Public Relations/Donor | 125860 | 71644 | 27650 | 26566 |
| Event Expense | 80061 | 60279 | 19782 | |
| Dues & Subscriptions | 15547 | 253 | 8791 | 6503 |
| Income Taxes | 4143 | 4143 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52703 | Total |
| Program Services | 39565 | ProgramServices |
| Management And General | 10532 | ManagementAndGeneral |
| Fundraising | 2606 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15154570 | Total |
| Program Services | 11770133 | ProgramServices |
| Management And General | 1868425 | ManagementAndGeneral |
| Fundraising | 1516012 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13285943 | BOY |
| EOY | 17277482 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24121921 | BOY |
| EOY | 24373798 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85903 | BOY |
| EOY | 251693 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2811 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2495635 | BOY |
| EOY | 1297248 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1000 | BOY |
| EOY | 4132 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73108 | BOY |
| EOY | 50238 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 64373811 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 16121322 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50223896 | BOY |
| EOY | 48252489 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94857114 | BOY |
| EOY | 107881514 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11404197 | BOY |
| EOY | 10517654 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 549911 | BOY |
| EOY | 508141 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 197098628 | BOY |
| EOY | 210417200 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1534529 | BOY |
| EOY | 2900019 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1467422 | BOY |
| EOY | 1566230 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 113000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25083972 | BOY |
| EOY | 22590917 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 161362 | BOY |
| EOY | 217915 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1469105 | BOY |
| EOY | 2474443 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5252 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7159992 | BOY |
| EOY | 7177839 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36881634 | BOY |
| EOY | 37040363 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28916348 | BOY |
| EOY | 29611291 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41059591 | BOY |
| EOY | 48524994 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90241055 | BOY |
| EOY | 95240552 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 160216994 | BOY |
| EOY | 173376837 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 197098628 | BOY |
| EOY | 210417200 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4202784 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 9346471 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -389412 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10994366 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 10344161 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 28508432 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14028816 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16530113 | CurrentTaxYear |
| Total | 80405888 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 10994366 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 10344161 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 28508432 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14028816 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16530113 | CurrentTaxYear |
| Total | 80405888 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 26304662 | AmountsSubstContributorsTotal |
| Public Support Total170 | 54101226 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5115593 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4154028 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5051132 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2493783 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5431512 | CurrentTaxYear |
| Total | 22246048 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 3576 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 10269 | CurrentTaxYearMinus1Year |
| Total | 13845 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3608 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1674 | CurrentTaxYearMinus3Years |
| Total | 5282 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 102671063 | TotalSupport |
| Gross Receipts From Admissions Etc | 1449580 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.52690 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.55670 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | Schedule A, Part IV, Supplemental Information: Schedule A, Part II, Section A and Section B, Column (d): Amounts reported in Schedule A, Part II, Section A and Section B, Column (d) are for the short period of 7/1/11 through 12/31/11. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 1 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 0 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Explanation of Lobbying Activities: | Identifier |
| Return Reference | Part II-B, Line 1: | ReturnReference |
| Explanation | Our board members have had conversations with state legislators to educate them on the difference in the funding of higher education institutions. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 75447 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 96182964 | BeginningOfYearBalance |
| Contributions | 7529241 | Contributions |
| Investment Earnings Or Losses | 10535512 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2212956 | GrantsOrScholarships |
| Other Expenditures | 804363 | OtherExpenditures |
| Administrative Expenses | 1630328 | AdministrativeExpenses |
| End Of Year Balance | 109600070 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 103467572 | BeginningOfYearBalance |
| Contributions | 3370336 | Contributions |
| Investment Earnings Or Losses | -8114756 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1161484 | GrantsOrScholarships |
| Other Expenditures | 356415 | OtherExpenditures |
| Administrative Expenses | 1022289 | AdministrativeExpenses |
| End Of Year Balance | 96182964 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 96216420 | BeginningOfYearBalance |
| Contributions | 3901276 | Contributions |
| Investment Earnings Or Losses | 12638573 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 950238 | GrantsOrScholarships |
| End Of Year Balance | 111806031 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 90557979 | BeginningOfYearBalance |
| Contributions | 4398652 | Contributions |
| Investment Earnings Or Losses | 5716890 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1734701 | GrantsOrScholarships |
| Other Expenditures | 1178343 | OtherExpenditures |
| Administrative Expenses | 1544057 | AdministrativeExpenses |
| End Of Year Balance | 96216420 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 110141755 | BeginningOfYearBalance |
| Contributions | 5524006 | Contributions |
| Investment Earnings Or Losses | -20289712 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1821373 | GrantsOrScholarships |
| Other Expenditures | 1578817 | OtherExpenditures |
| Administrative Expenses | 1417880 | AdministrativeExpenses |
| End Of Year Balance | 90557979 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.07690 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.80450 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.11860 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3323182 | OtherCostOrOtherBasis |
| Book Value | 3323182 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 53127188 | OtherCostOrOtherBasis |
| Depreciation | 11885463 | Depreciation |
| Book Value | 41241725 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3476515 | OtherCostOrOtherBasis |
| Depreciation | 1172679 | Depreciation |
| Book Value | 2303836 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3566374 | OtherCostOrOtherBasis |
| Depreciation | 2874275 | Depreciation |
| Book Value | 692099 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 880552 | OtherCostOrOtherBasis |
| Depreciation | 188905 | Depreciation |
| Book Value | 691647 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 48252489 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Gift Annuities Payable | $3,149,130 |
| Trusts Payable | $3,713,875 |
| Due To Fossum | $183,952 |
| Special Assessments Payable | $130,882 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 7177839 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part III, Line 4: | Bronze statue and wall hanging, depicting the bison mascot and symbol of NDSU. Items are on public display to promote the University. | |
| Part IV, Line 2b: | Cash and cash equivalents held for others consist of funds held and invested for various University departments and organizations. Investments held for others represent the portion of charitable remainder unitrusts for which the Foundation holds the assets, but is not the beneficiary. | |
| Part V, Line 4: | The endowment funds held by North Dakota State University Development Foundation have been established to follow donors' wishes to provide an ongoing reliable source of funding to North Dakota State University for student scholarships, faculty support, departmental support and organization operations. | Description of Intended Use of Endowment Funds: |
| Part X, Line 2: | The Foundation is a publicly supported organization under Internal Revenue Code Section 501(c)(3), and is classified as an organization which is not a private foundation. Accordingly, the Foundation is not subject to federal income taxes. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. 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 benefits and liabilities in income tax expense if such interest and penalties are incurred. The Foundation's Form 990-T and other income tax filings required by the state of North Dakota are no longer subject to tax examinations for years before 2009. | Description of Uncertain Tax Positions Under FIN 48: |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Central America and the Caribbean - | Region |
| Type Of Activities Conducted | Investments | TypeOfActivitiesConducted |
| Total Expenditures | 22173364 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 22173364 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 22173364 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | BBB Auction | NameOfEvent1 |
| Gross Receipts Event1 | 447144 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 283875 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 163269 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 163269 | NonCashPrizesEvent1 |
| Other Direct Expenses Event1 | 39121 | OtherDirectExpensesEvent1 |
| Name Of Event2 | BBB Dinner | NameOfEvent2 |
| Gross Receipts Event2 | 76350 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 76350 | GrossRevenueEvent2 |
| Food And Beverage Event2 | 45963 | FoodAndBeverageEvent2 |
| Other Direct Expenses Event2 | 5252 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 49362 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 34075 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 15287 | GrossRevenueOtherEvents |
| Rent Facility Costs Other Events | 1000 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 8019 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 2633 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 8915 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 572856 | GrossReceiptsTotal |
| Charitable Contributions Total | 317950 | CharitableContributionsTotal |
| Gross Revenue Total Events | 254906 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 163269 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 1000 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 53982 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 2633 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 53288 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 274172 | DirectExpenseSummaryEvents |
| Net Income Summary | -19266 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | North Dakota State University | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1340 Administration Ave | AddressLine1 |
| City | Fargo | City |
| State | ND | State |
| ZIP Code | 58102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 456002439 | EINOfRecipient |
| IRC Section | NDSU | IRCSection |
| Amount Of Cash Grant | 10820891 | AmountOfCashGrant |
| Purpose Of Grant | Cash grants provided for student scholarships, faculty support, departmental support for equipment, research, supplies, travel, etc. | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Grants are paid to or at the direction of North Dakota State University. We provide grants in accordance with applicable donor restrictions. Otherwise we rely on the University to monitor appropriate use of funds. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| James C Miller | ||||||||||||||
| President and CEO | 203397 | 0 | 0 | 0 | 3732 | 0 | 20590 | 0 | 20993 | 0 | 248712 | 0 | 0 | 0 |
| Sherri Schmidt | ||||||||||||||
| Vice President for Alumni Relations | 132662 | 0 | 0 | 0 | 0 | 0 | 12923 | 0 | 19630 | 0 | 165215 | 0 | 0 | 0 |
| M Scott Barrett | ||||||||||||||
| Director Planned Giving | 117630 | 0 | 0 | 0 | 2485 | 0 | 12065 | 0 | 21216 | 0 | 153396 | 0 | 0 | 0 |
| Jason Wohlman | ||||||||||||||
| Associate Executive Director | 129177 | 0 | 0 | 0 | 4871 | 0 | 9850 | 0 | 15262 | 0 | 159160 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | Country Club memberships for Jim and Jason for fundraising purposes. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| Cass County ND | ||||||||
| A | 456002205 | 147740AW4 | 2003-12-18 | 4354296 | Finance Construction of Equine Building | 0 | 0 | 0 |
| Cass County ND | ||||||||
| B | 456002205 | 2005-12-20 | 3500000 | Finance Construction & Equipment of Offices | 0 | 0 | 0 | |
| North Dakota State University Development Foundation | ||||||||
| C | 237120898 | 2008-09-15 | 900000 | Finance Construction, University President Home | 0 | 1 | 0 | |
| North Dakota State University Development Foundation | ||||||||
| D | 237120898 | 2010-12-17 | 5650000 | Payment of loan incurred for renovation of bldg for classrooms and offices | 0 | 0 | 0 | |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Capital ExpendituresCapitalExpenditures | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 1110000 | 4354296 | 86422 | 45614 | 4222260 | 2004 | 0 | 0 | 1 | 1 |
| B | 3500000 | 18500 | 3481500 | 2007 | 0 | 0 | 1 | 1 | ||
| C | 900000 | 900000 | 2009 | 0 | 0 | 1 | 1 | |||
| D | 5650000 | 31489 | 5618511 | 2010 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| D | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | 1 |
| B | 1 |
| C | 1 |
| D | 1 |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule K Part IV, Arbitrage, Line 2c | Identifier |
| Return Reference | Date Rebate Computation Performed | ReturnReference |
| Explanation | Issuer Name: Cass County, ND Date the Rebate Computation was Performed: 03/18/2009 | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | City of Fargo ND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 456002069 | IssuerEIN |
| CUSIP Number | 307522BC5 | CUSIPNumber |
| Date Issued | 2012-05-23 | DateIssued |
| Issue Price | 12145894 | IssuePrice |
| Description Of Purpose | Refinance Construction Loan | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 12145894 | TotalProceeds |
| Refunding Escrow | 11983655 | RefundingEscrow |
| Issuance Costs From Proceeds | 162239 | IssuanceCostsFromProceeds |
| Year Of Subst Completion | 2012 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 1 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 1 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | 1 | ProcToUndertkCorrectiveAction |
Schedule L IRS990ScheduleL
Loan Table LoanTable (3 entries)
| Relationship With OrganizationRelationshipWithOrganization | Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|---|
| James C Miller | |||||||
| President and CEO | Personal purchase on company credit card. Loan was repaid after year end. | X | $1,975 | 1975 | 0 | 0 | 0 |
| Sherri Schmidt | |||||||
| Vice President for Alumni Relations | Personal purchase on company credit card. Loan was repaid after year end. | X | $138 | 138 | 0 | 0 | 0 |
| Leo Ringey | |||||||
| Senior Director of Development | Personal purchase on company credit card. Loan was repaid after year end. | X | $698 | 698 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 2811 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 48000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraised Value | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 126603 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost of donated property | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 45 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2446058 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Average High/Low | MethodOfDeterminingRevenues |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 24696 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Appraised Value | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 2 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 1 | The Organization's Executive Committee consists of six trustee officers of the Organization and ten other trustees. The President of North Dakota State University, the CEO & Vice President of the NDSU Alumni Association are non-voting ex-officio members. During the interval between semi-annual meetings of the board of trustees, the Executive Committee has the authority to act on behalf of the board on any matter other than election of trustees or revision of the Organization's by-laws. | |
| Form 990, Part VI, Section A, line 2 | Bob Challey and Jim Roers have a business relationship. Jeff Schlossman and James S Wieland have a business relationship. Julie Burgum and Barbara Burgum have a family relationship. | |
| Form 990, Part VI, Section B, line 11 | The Form 990 was reviewed by the Chair of the Finance Committee and the Audit Committee before filing. After filing the Form 990, the Public Disclosure copy will be sent to all trustees. | |
| Form 990, Part VI, Section B, line 12c | Foundation officers, trustees, and staff are required to report any potential conflicts of interest to the Chair of the Foundation Board, and the Foundation's Chief Staff Officer for review and possible remedial action. Such action may include holding the information on file, informing the board of the appearance of a conflict of interest, or requiring the trustee to either cease and desist the activity or to relinquish Foundation trusteeship. | |
| Form 990, Part VI, Section B, line 15a | The process for determining compensation for the President and CEO is the responsibility of the Organization's seven member Compensation Committee. Five of the members are independent trustees and two are independent directors of the NDSU Alumni Association. The committee annually reviews mutually determined goals and objectives of the incumbent. Salary adjustments are based on a review of similar positions at 19 peer institutions, as determined by the ND State Board of Higher Education. In making salary recommendations, the committee takes advantage of information compiled annually by the College and University Personnel Association (CUPA) for those peer institutions. In turn, the President and CEO evaluates four direct reports using mutually agreed to goals and objectives for each person. The CUPA report is used for salary comparisons for similar positions at peer institutions. The President and CEO's recommendation on salary is forwarded to the Committee for review and approval. As part of the annual budget, all salaries are then approved, in turn, by the Finance Committee and the Executive Committee. | |
| Form 990, Part VI, Section C, line 19 | The Organization's governing documents, conflict of interest policy and financial statements are available upon request. | |
| Form 990, Part XI, line 9: | Tax Income from K-1's -309,352. Change in Split Interest Agreements -420,060. Fossum Transfer 340,000. | Changes in Net Assets or Fund Balances: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| NDSU Alumni Association | ||||||||||
| 1241 University Dr N | Fargo | ND | 58102 | 450173089 | Alumni Relations | ND | 501(c)(3) | Line 5 | North Dakota State University Development Foundation | 1 |
| Fossum Foundation Inc | ||||||||||
| 1241 University Dr N | Fargo | ND | 58102 | 456013302 | Supporting Organization | ND | 501(c)(3) | Line 11a, I | North Dakota State University Development Foundation | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fossum Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | S | TransactionType |
| Amount Involved | 340000 | AmountInvolved |
| Method Of Amt Determination | General Ledger | MethodOfAmtDetermination |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Form 990, Schedule R, Part II | ReturnReference |
| Explanation | The NDSU Alumni Association's relationship is such that all activity is consolidated with the filing Organization. | Explanation |
Comments