2012-11-15T11:16:16-06:00 2012-06-30 450250958 EIDE BAILLY LLP PO BOX 1914 BISMARCK ND 58502 990 2011-07-01 450358929 BISMARCK STATE COLLEGE FOUNDATION BISM 7012245700 PO BOX 5587 BISMARCK ND 585065587 GORDON BINEK 7012245700 2012-11-15 1 LISA CHAFFEE CPA P00193453 7012551091 2012-11-14 2011 2016-02-24 21:20:13Z GORDON BINEK PO BOX 5587 BISMARCK ND 585065587 4492587 0 X WWW.BISMARCKSTATE.EDU/FOUNDATION/ X 1979 ND ENGAGE IN THOSE ACTIVITIES WHICH SUPPORT THE DEVELOPMENT OF BISMARCK STATE COLLEGE. 80 79 0 100 0 0 1274279 1446161 6219 1855 534741 118318 228365 297170 2043604 1863504 694426 1018785 0 0 156847 184073 0 0 98560 1022460 776663 1873733 1979521 169871 -116017 32055496 30677927 9672260 8716255 22383236 21961672 X ENGAGE IN THOSE ACTIVITIES WHICH SUPPORT AND ASSIST IN THE DEVELOPMENT AND ADVANCEMENT OF BISMARCK STATE COLLEGE. 0 0 555987 490733 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. 462176 462176 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. 51876 51876 1855 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. 14000 14000 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. 14000 14000 1084039 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 0 0 0 0 0 1 15 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 X 80 79 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 X GORDON BINEK 7012245697 PO BOX 5587 BISMARCK ND 585065587 JOHN WEEDA 1.00 X X 0 0 0 BRIAN KROSHUS 1.00 X X 0 0 0 BILL TOWNSEND 1.00 X 0 0 0 PAUL SANDNESS 1.00 X 0 0 0 MARLIN KING 1.00 X 0 0 0 MICHAEL SCHMITZ 1.00 X 0 0 0 TIMOTHY ATKINSON 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 JANEANNE BISCHKE 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 JIM CHRISTIANSON 1.00 X 0 0 0 CINDY CLAIRMONT 1.00 X 0 0 0 NORN CLARK 1.00 X 0 0 0 TERRY DAFFINRUD 1.00 X 0 0 0 CARROLL DEWING 1.00 X 0 0 0 DAN DORSCHMIDT 1.00 X 0 0 0 VERN DOSCH 1.00 X 0 0 0 BRYAN DVIRNAK 1.00 X 0 0 0 ARLENE FARNSWORTH 1.00 X 0 0 0 WENDY FEENEY 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 DAVE GOODIN 1.00 X 0 0 0 MIKE HAIDER 1.00 X 0 0 0 RENAE HANSEN 1.00 X 0 0 0 DICK HEDAHL 1.00 X 0 0 0 MIKE HEILMAN 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 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 MAYNARD JUNGLING JR 1.00 X 0 0 0 MARY KLECKER-GREEN 1.00 X 0 0 0 ROB KOPPINGER 1.00 X 0 0 0 LOREN KOPSENG 1.00 X 0 0 0 JAY KOST 1.00 X 0 0 0 TROY KRAFT 1.00 X 0 0 0 MICHELLE LINDBLOM 1.00 X 0 0 0 DAVE 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 JAY MEIER 1.00 X 0 0 0 DALE PAHLKE 1.00 X 0 0 0 JUDY PFEIFLE 1.00 X 0 0 0 JIM POOLMAN 1.00 X 0 0 0 KEN RENO 1.00 X 0 0 0 SCOTT RUSSELL 1.00 X 0 0 0 ERIK SAKARIASSEN 1.00 X 0 0 0 DAVE SAUER 1.00 X 0 0 0 PERRIE SCHAFER 1.00 X 0 0 0 JERRY SCHLOSSER 1.00 X 0 0 0 PAMELA SCHMIDT 1.00 X 0 0 0 JERRY SPLONSKOWSKI 1.00 X 0 0 0 KEVIN STREGE 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 ALLEN THOMAS 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 PAT WARD 1.00 X 0 0 0 SCOTT WEGNER 1.00 X 0 0 0 TONY WELDER 1.00 X 0 0 0 CINDY WELKEN-PLACE 1.00 X 0 0 0 MYRON ATKINSON 1.00 X 0 0 0 BYRON DORGAN 1.00 X 0 0 0 RAY GRABAR 1.00 X 0 0 0 DR KERMIT LIDSTROM 1.00 X 0 0 0 ROGER PEET 1.00 X 0 0 0 JOHN SAKARIASSEN 1.00 X 0 0 0 SHEILA SCHAFER 1.00 X 0 0 0 GERALD SKOGLEY 1.00 X 0 0 0 TAMARA BARBER NV 1.00 X 0 0 0 DR LARRY SKOGEN NV 1.00 X 0 0 0 DAVE CLARK 1.00 X 0 0 0 GORDON BINEK 40.00 X 0 124544 30675 0 124544 30675 0 0 1 1 0 6773 1439388 182432 1446161 OTHER REVENUE 900099 1855 1855 1855 433 433 59271 59271 228740 0 228740 228740 228740 2734602 2616717 117885 117885 117885 21525 6773 12366 9159 9159 1863504 1855 0 415488 490733 490733 528052 528052 168939 45369 78201 45369 15134 5045 5044 5045 32301 32301 62533 62533 8079 8079 17547 17547 5043 5043 3331 3331 16835 16835 112139 112139 431174 431174 GENERAL FUNDRAISING CAM 48146 48146 DEVELOPMENT 35077 35077 REPAIR AND MAINTENANCE 19732 19732 BAD DEBT PROVISION -20237 -20237 4963 4963 1979521 1084039 796922 98560 119358 218198 1150414 632126 78424 22207 1120000 1040000 45690 43035 17735214 1622650 16555146 16112564 11083984 10722672 160246 163503 1742234 1723622 32055496 30677927 834069 916163 3699154 3596803 2622701 1964822 2516336 2238467 9672260 8716255 X 8053176 9381021 2229504 382928 12100556 12197723 22383236 21961672 32055496 30677927 X -116017 -305546 X 0 1 1 X 0 X 2376986 1024097 1647761 1274279 1446161 7769284 2376986 1024097 1647761 1274279 1446161 7769284 1970204 5799080 538250 404895 232261 227961 288444 1691811 3679 4837 8516 9469611 132376 0.61240 0.67460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52265 X STUDY OF ART APPRECIATION 0 12898073 442754 -393974 945222 12001631 11091683 526174 1764614 484398 12898073 9989896 430372 1142172 470757 11091683 12298699 350773 -2230894 484432 -55750 9989896 0.00000 1.00000 0 0 129482 1200000 1329482 16235850 1483415 14752435 152358 121827 30531 17524 17408 116 16112564 ART COLLECTION 52265 BENEFICIAL INTEREST IN PERPETUAL TRUST 1488897 OTHER ASSETS 182460 1723622 UNITRUST PAYMENTS DUE GRANTORS 2052355 UNITRUST REMAINDER DUE SHARED BENEFICIARIES 24507 CHARITABLE LEAD TRUST DUE GRANTORS 161605 2238467 1863504 1979521 -116017 -364006 17783 40677 -305546 -421563 1579359 -364006 26818 40677 -296511 1875870 -12366 -12366 1863504 2000923 9035 12366 21401 1979522 0 1979522 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. THE FOUNDATION HAS IMPLEMENTED FASB ASC 740-10. 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, 2012 THE FOUNDATION BELIEVES IT HAD NO TAX POSITIONS THAT WOULD NOT BE UPHELD UNDER EXAMINATION. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009 AND STATE EXAMINATIONS FOR YEARS BEFORE 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 157,691. ACTUARIAL LOSS ON ANNUITY PAYMENTS -117,014. TOTAL TO SCHEDULE D, PART XI, LINE 8: 40,677. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 157,691. ACTUARIAL LOSS ON ANNUITY PAYMENTS -117,014. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE REPORTED IN EXPENSES ON FINANCIAL STATEMENTS -12,366. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED IN REVENUE ON FORM 990 12,366. GOLF TOURNAMENT 25548 6773 18775 4760 558 7048 25548 6773 18775 4760 558 7048 12366 6409 1 BISMARCK STATE COLLEGE PO BOX 5587 BISMARCK ND 58506 363291146 469840 GRANT BISMARCK RECREATION COUNCIL 400 EAST FRONT AVE BISMARCK ND 58504 450384442 170(B)(1)(A)(VI) 20893 DONATION 0 2 SCHOLARSHIPS PAID TO BISMARCK STATE COLLEGE FOR BSC STUDENTS 416 462176 BCS STUDENT RECOGNITION AWARDS 159 11350 16087 INVOICES MEMBERSHIP FEES/FOOD/PRINTING/FLOWERS/ETC. BSC EMPLOYEE RECOGNITION AWARDS 8 4000 20439 INVOICES FOOD/PRINTING/FLOWERS/ETC. JACK FELLOWSHIP 1 14000 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 0 124544 0 0 0 0 0 12788 0 18484 0 155816 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 X 3 8646 KELLY BLUE BOOK/NAPA X 5 2500 CURRENT SELLING PRICE X PRIZES - GOLF TOURNAMENT 15 4024 SELLING PRICE X MATERIALS & EQUIPMENT 23 160222 SELLING PRICE X OFFICE SUPPLIES 3 938 SELLING PRICE X FOOD & WATER 5 3194 SELLING PRICE X PRINTING 2 2908 SELLING PRICE 5 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITEE 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 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 AND A BUSINESS RELATIONSHIP. MYRON ATKINSON AND TIMOTHY ATKINSON HAVE A FAMILY RELATIONSHIP AND A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS BEEN GIVEN THE AUTHORITY TO REVIEW AND APPROVE THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS. 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 LOSSES ON INVESTMENTS: -364,006. DONATED SERVICES AND USE OF FACILITIES: 17,783. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 157,691. ACTUARIAL LOSS ON ANNUITY PAYMENTS -117,014. TOTAL TO FORM 990, PART XI, LINE 5: -305,546.