2012-05-14T16:32:53-05:00 2011-06-30 EIDE BAILLY LLP PO BOX 1914 BISMARCK ND 58502 990 2010-07-01 450358929 BISMARCK STATE COLLEGE FOUNDATION BISM 7012245700 PO BOX 5587 BISMARCK ND 585065587 GORDON BINEK 7012245700 2012-05-14 1 LISA CHAFFEE CPA 7012551091 2012-04-25 2010 2016-02-24 21:20:13Z GORDON BINEK PO BOX 5587 BISMARCK ND 585065587 6987770 0 X WWW.BISMARCKSTATE.EDU/FOUNDATION/ X 1979 ND ENGAGE IN THOSE ACTIVITIES WHICH SUPPORT THE DEVELOPMENT OF BISMARCK STATE COLLEGE. 87 86 0 100 0 0 1647761 1274279 8637 6219 188415 534741 236195 228365 2081008 2043604 1207830 694426 0 0 148241 156847 0 0 115534 880499 1022460 2236570 1873733 -155562 169871 31415573 32055496 10086266 9672260 21329307 22383236 X ENGAGE IN THOSE ACTIVITIES WHICH SUPPORT AND ASSIST IN THE DEVELOPMENT AND ADVANCEMENT OF BISMARCK STATE COLLEGE. 0 0 450742 245644 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. 397472 397472 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 $397,472 IN SCHOLARSHIP AWARDS TO NEARLY 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. 95657 26310 6219 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. 25000 25000 JACK FELLOWSHIPTHE BSC JACK FELLOWSHIP PROGRAM HAS BEEN ESTABLISHED TO FUND SABBATICAL LEAVES FOR A BISMARCK STATE COLLEGE EMPLOYEE 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. 25000 25000 968871 1 1 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 1 0 1 1 0 0 0 0 0 0 0 0 0 1 11 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 87 86 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 0 0 X GORDON BINEK 7012245697 PO BOX 5587 BISMARCK ND 585065587 BILL TOWNSEND 1.00 X X 0 0 0 JOHN WEEDA 1.00 X X 0 0 0 JIM CHRISTIANSON 1.00 X 0 0 0 BRIAN KROSHUS 1.00 X 0 0 0 JOE HARRIS 1.00 X 0 0 0 MICHAEL SCHMITZ 1.00 X 0 0 0 PAUL BAKKUM 1.00 X 0 0 0 BRAD BALLWEBER 1.00 X 0 0 0 JOHN BERGER 1.00 X 0 0 0 JAY BEYER 1.00 X 0 0 0 KEN BISCHOF 1.00 X 0 0 0 KENT BLICKENSDERFER 1.00 X 0 0 0 SCOTT BOEHM 1.00 X 0 0 0 WADE BOESHANS 1.00 X 0 0 0 NORM CLARK 1.00 X 0 0 0 CARROLL DEWING 1.00 X 0 0 0 DAN DORFSCHMIDT 1.00 X 0 0 0 VERN DOSCH 1.00 X 0 0 0 MARVIN ERDMANN 1.00 X 0 0 0 ARLENE FARNSWORTH 1.00 X 0 0 0 DAVE FROELICH 1.00 X 0 0 0 DEB GALLAGHER 1.00 X 0 0 0 JOHN GIESE 1.00 X 0 0 0 KEVIN GILCHRIST 1.00 X 0 0 0 MIKE HAIDER 1.00 X 0 0 0 DEAN GUNSCH 1.00 X 0 0 0 RON HARPER 1.00 X 0 0 0 TIM HENNESSY 1.00 X 0 0 0 BRYCE HILL 1.00 X 0 0 0 DAVE HOEKSTRA 1.00 X 0 0 0 DICK HEDAHL 1.00 X 0 0 0 MICHAEL HEILMAN 1.00 X 0 0 0 MICHAEL HUMMEL 1.00 X 0 0 0 NILES HUSHKA 1.00 X 0 0 0 JOHN JESSEN 1.00 X 0 0 0 WALLY JOERSZ 1.00 X 0 0 0 DR AARON JOHNSON 1.00 X 0 0 0 JUDITH EKBERG-JOHNSON 1.00 X 0 0 0 MARLIN KLING 1.00 X 0 0 0 LOREN KOPSENG 1.00 X 0 0 0 MARY KLECKER-GREEN 1.00 X 0 0 0 TROY KRAFT 1.00 X 0 0 0 DEREK HARPER 1.00 X 0 0 0 DAVID LUDWIG 1.00 X 0 0 0 HOWARD MALLOY 1.00 X 0 0 0 DOROTHY MARINER 1.00 X 0 0 0 SHANNON MCQUADE-ELY 1.00 X 0 0 0 LARRY OSWALD 1.00 X 0 0 0 DALE PAHLKE 1.00 X 0 0 0 JUDY PFEIFLE 1.00 X 0 0 0 DAVE GOODIN 1.00 X 0 0 0 KEN RENO 1.00 X 0 0 0 LINDA FOSSUM 1.00 X 0 0 0 SCOTT RUSSELL 1.00 X 0 0 0 ERIK SAKARIASSEN 1.00 X 0 0 0 PAUL SANDNESS 1.00 X 0 0 0 PERRIE SCHAFER 1.00 X 0 0 0 KAY SCHLOSSER 1.00 X 0 0 0 PAMELA SCHMIDT 1.00 X 0 0 0 TIM ATKINSON 1.00 X 0 0 0 GERALD SKOGLEY 1.00 X 0 0 0 JERRY SPLONSKOWSKI 1.00 X 0 0 0 KAREN SUMMERS 1.00 X 0 0 0 JOYCE TELLO 1.00 X 0 0 0 MARY THEEL 1.00 X 0 0 0 REBECCA THIEM 1.00 X 0 0 0 IRENE TSCHIDER 1.00 X 0 0 0 STACY TSCHIDER 1.00 X 0 0 0 GREG VETTER 1.00 X 0 0 0 CHAD WACHTER 1.00 X 0 0 0 CURT WALTH 1.00 X 0 0 0 SCOTT WEGNER 1.00 X 0 0 0 TONY WELDER 1.00 X 0 0 0 CYNDY WELKEN-PLACE 1.00 X 0 0 0 ALLAN THOMAS 1.00 X 0 0 0 MYRON ATKINSON 1.00 X 0 0 0 RAY GRABAR 1.00 X 0 0 0 KERMIT LIDSTROM 1.00 X 0 0 0 ROGER PEET 1.00 X 0 0 0 JOHN R SAKARIASSEN 1.00 X 0 0 0 SHELIA SCHAFER 1.00 X 0 0 0 TAMARA BARBER NV 1.00 X 0 0 0 CINDY CLAIRMONT 1.00 X 0 0 0 DR LARRY SKOGEN 1.00 X 0 0 0 TERRY DAFFINRUD 1.00 X 0 0 0 BRYAN DVIRNAK 1.00 X 0 0 0 DAVE CLARK 1.00 X 0 0 0 GORDON BINEK 40.00 X 118493 0 28871 118493 0 28871 1 0 0 1 0 11556 1262723 179592 1274279 OTHER REVENUE 900099 6219 6219 6219 486 486 227475 227475 227475 227475 5457716 4923461 534255 534255 534255 21595 11556 20705 890 890 2043604 6219 0 763106 245644 245644 448782 448782 147504 49119 49266 49119 9343 9343 17250 17250 70634 70634 9852 9852 14099 14099 5175 5175 2808 2808 12273 12273 148504 148504 431533 431533 BAD DEBT 150735 150735 GENERAL FUNDRAISING CAM 66415 66415 DEVELOPMENT 47879 47879 RECOGNITION 18037 18037 REPAIRS AND MAINTENANCE 14027 14027 13239 8675 4564 1873733 968871 789328 115534 230333 119358 1578203 1150414 46942 78424 1195000 1120000 48223 45690 17746622 1191476 17035518 16555146 9677712 11083984 157313 160246 1446329 1742234 31415573 32055496 822332 834069 3796534 3699154 3430799 2622701 2036601 2516336 10086266 9672260 X 8278985 8053176 1372144 2229504 11678178 12100556 21329307 22383236 31415573 32055496 X 169871 884058 X 0 1 1 X 0 X 2763417 2376986 1024097 1647761 1274279 9086540 2763417 2376986 1024097 1647761 1274279 9086540 1844116 7242424 236511 538250 404895 232261 227961 1639878 1507 3679 4837 10023 10736441 131862 0.67460 0.75180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52565 X STUDY OF ART APPRECIATION 0 11091683 526174 1764614 484398 12898073 9989896 430372 1142172 470757 11091683 12298699 350773 -2230894 484432 -55750 9989896 0.93800 0.06200 0 0 140890 1200000 1340890 16235850 1064948 15170902 169882 126528 43354 16555146 ART COLLECTION 52265 BENEFICIAL INTEREST IN PERPETUAL TRUST 1595971 OTHER ASSETS 93998 1742234 UNITRUST PAYMENTS DUE GRANTORS 2258800 UNITRUST REMAINDER DUE SHARED BENEFICIARIES 25103 CHARITABLE LEAD TRUST DUE GRANTORS 232433 2516336 2043604 1873733 169871 970532 12949 -99423 884058 1053929 3047790 970532 12949 983481 2064309 -20705 -20705 2043604 1894438 0 1894438 -20705 -20705 1873733 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO FUND PROGRAMS AT BISMARCK STATE COLLEGE, INCLUDING SCHOLARSHIPS AND GRANTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE, AND BY VIRTUE THEREOF IS ALSO EXEMPT FROM THE PAYMENT OF INCOME TAX TO THE STATE OF NORTH DAKOTA. DURING 2010, THE FOUNDATION IMPLEMENTED FASB ASC 740-10 (FORMERLY FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES). IN ACCORDANCE THEREWITH, THE FOUNDATION UNDERGOES AN ANNUAL ANALYSIS OF ITS VARIOUS TAX POSITIONS, ASSESSING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UPON EXAMINATION WITH RELEVANT TAX AUTHORITIES, AS DEFINED BY FASB ASC 740-10. AT JUNE 30, 2011 THE FOUNDATION BELIEVES IT HAD NO TAX POSITIONS THAT WOULD NOT BE UPHELD UNDER EXAMINATION. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 4,373. ACTUARIAL LOSS ON ANNUITY PAYMENTS -103,796. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -20,705. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -20,705. GOLF TOURNAMENT 33151 11556 21595 20705 33151 11556 21595 20705 20705 890 1 BISMARCK RECREATION COUNCIL 420 E FRONT AVENUE BISMARCK ND 585045641 450384442 501 (C)(3) 25704 DIRECT GIFTS BISMARCK STATE COLLEGE PO BOX 5587 BISMARCK ND 58506 363291146 219940 GRANT 1 1 SCHOLARSHIPS TO BISMARCK STATE COLLEGE STUDENTS 386 394657 2815 FMV PENS/HIGHLIGHTERS/BAGS/POSTAGE STUDENT RECOGNITION AWARDS 97 10280 11530 FMV PHI THETA KAPPA MEMBERSHIP FEES/STOLES/POSTAGE/PROGRAMS/CEREMONY EXPENSES EMPLOYEE RECOGNITION AWARDS 10 4500 FELLOWSHIP 2 25000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: BISMARCK STATE COLLEGE'S BUSINESS OFFICE MONITORS THE USE OF THE GRANTS AND SCHOLARSHIPS. 0 0 0 0 0 0 0 0 0 GORDON BINEK 118493 0 0 0 0 0 12289 0 17079 0 147861 0 0 0 SUPPLEMENTAL INFORMATION PART III 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. CITY OF WASHBURN 456002183 2007-04-10 7944818 CONSTRUCTION OF SINGLE FACILITY 0 0 0 CITY OF WASHBURN 456002183 2006-10-04 1400000 PURCHASE LAND AND CONSTRUCTION OF A SINGLE FACILITY 0 0 0 7944818 131698 7813120 2008 0 0 1 1 1400000 35378 1364622 2007 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 1 0 1 0 0 0 1 BILL TOWNSEND BOARD MEMBER 23689 BSC PURCHASED RECOGNITION PLAQUES DURING THE YEAR FROM THE BUSINESS THAT BILL TOWNSEND IS THE OWNER OF. 0 X 1 119210 CURRENT SELLING PRICE X 1 5000 CURRENT SELLING PRICE X PRIZES - GOLF TOURNAMENT 8 2495 SELLING PRICE X MATERIALS & EQUIPMENT 23 180822 SELLING PRICE X OFFICE SUPPLIES 4 3485 SELLING PRICE X FOOD & WATER 6 2345 SELLING PRICE X OTHER SERVICES 2 2000 SELLING PRICE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 JUDITH EKBERG JOHNSON AND AARON JOHNSON HAVE A FAMILY RELATIONSHIP. KAY SCHLOSSER AND VERN DOSCH HAVE A FAMILY RELATIONSHIP. STACY TSCHIDER AND LOREN KOPSENG HAVE A BUSINESS RELATIONSHIP. SCOTT BOEHM, NILES HUSHKA AND JIM LADUCER HAVE A BUSINESS RELATIONSHIP. JOHN SAKARIASSEN AND ERIK SAKARIASSEN HAVE A FAMILY RELATIONSHIP & BUSINESS RELATIONSHIP. MYRON ATKINSON AND TIMOTHY ATKINSON HAVE A FAMILY RELATIONSHIP & BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS FIRST REVIEWED BY THE EXECUTIVE COMMITTEE. IT IS THEN SUBMITTED TO THE FULL BOARD FOR APPROVAL PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 970,532. DONATED SERVICES AND USE OF FACILITIES: 12,949. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 4,373. ACTUARIAL LOSS ON ANNUITY PAYMENTS -103,796. TOTAL TO FORM 990, PART XI, LINE 5: 884,058.