UNIVERSITY OF SOUTH DAKOTA FOUNDATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF SOUTH DAKOTA FOUNDATION (EIN 46-6018891)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-11-28
- IRS object ID
- 201133329349300718
- Schema version
- 2009v1.7
- 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 D
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-28T13:06:30-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 200 EAST 10TH ST PO BOX 5125 | AddressLine1 |
| City | SIOUX FALLS | City |
| State | SD | State |
| ZIP Code | 571175125 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 466018891 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University of South Dakota Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 6056776703 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1110 N Dakota PO BOX 5555 | AddressLine1 |
| City | Vermillion | City |
| State | SD | State |
| ZIP Code | 57069 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | J Bryan Benchoff | Name |
| Title | President | Title |
| Phone | 6056776703 | Phone |
| Date Signed | 2011-11-16 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Laurie Hanson | Name |
| Phone | 6053391999 | Phone |
| Date Prepared | 2011-11-16 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Name Of Principal Officer Person | J Bryan Benchoff | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1110 N Dakota PO BOX 5555 | AddressLine1 |
| City | Vermillion | City |
| State | SD | State |
| ZIP Code | 57069 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 78838217 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.usdfoundation.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1928 | YearFormation |
| State Legal Domicile | SD | StateLegalDomicile |
| Activity Or Mission Description | The University of South Dakota Foundation provides gifts, grants, and scholarships to or for the benefit of the University of South Dakota. These funds are disbursed to USD students or departments based on financial need, qualifications, and/or in accordance with the donor's wishes. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 143 | TotalNbrEmployees |
| Total Nbr Volunteers | 24 | TotalNbrVolunteers |
| Total Gross UBI | 60714 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 34265 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 12097785 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9504372 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 207434 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 241918 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -6080827 | InvestmentIncomePriorYear |
| Investment Income Current Year | 8363730 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 60714 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6224392 | TotalRevenuePriorYear |
| Total Revenue Current Year | 18170734 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 18915334 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 14089174 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1737144 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1714164 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 322980 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1496234 | OtherExpensePriorYear |
| Other Expenses Current Year | 1452174 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 22148712 | TotalExpensesPriorYear |
| Total Expenses Current Year | 17255512 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -15924320 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 915222 | RevenuesLessExpensesCY |
| Total Assets BOY | 154436520 | TotalAssetsBOY |
| Total Assets EOY | 163461720 | TotalAssetsEOY |
| Total Liabilities BOY | 10849359 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 12667594 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 143587161 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 150794126 | NetAssetsOrFundBalancesEOY |
| Mission Description | The mission of the University of South Dakota Foundation ("Foundation") is to provide private resources for The University of South Dakota ("USD"), in order to increase the excellence of the USD student's educational experience, with the overriding goal of creating the best small public university in the country emphasizing excellence in teaching. The Foundation will supplement the State's funding to USD primarily in the following areas: 1) providing scholarship funds to increase the academic excellence of the student body and the quality of their educational experience; 2) providing funds to construct new campus facilities and restore, repair and maintain existing facilities; 3) providing funds for salary augmentation and other support of the academic faculty and for the support of USD museums and other various auxiliary programs, facilities and services. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5345617 | Expense |
| Grants | 5345617 | Grants |
| Revenue | 4887042 | Revenue |
| Description | Provide scholarship funds to increase the academic excellence of the student body and the quality of their educational experience. During the fiscal year ended June 30, 2010, the University of South Dakota Foundation ("Foundation") provided $14,043,948 to the University of South Dakota ("USD"). Included in this amount was scholarship support in the amount of $5.3 million. Scholarships are awarded for both recruiting and retention purposes. A new freshman recruiting scholarship program was started in 2003 that has been instrumental in helping to accomplish USD's enrollment objectives. The amount of scholarships provided since this new program began has increased from $1.9 million to $5.3 million (280% increase). Total enrollment increased 21% since 2003 and the number of freshman fitting the ACT requirements to receive the scholarship increased 9.25%. The retention rate also continues to increase as a result of the freshman scholarship program. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6089347 | Expense |
| Grants | 6089347 | Grants |
| Revenue | 788131 | Revenue |
| Description | Provide funds to construct new campus facilities and restore, repair and maintain existing facilities. The Foundation has been instrumental in a major renovation and reconstruction of facilities at USD. During the fiscal year ended June 30, 2010, $6.1 million was provided to USD for this purpose. Since 1994, $46.7 million has been provided for facilities that have enhanced the students educational experience and opportunities and have resulted in a new Health Science Information Center building, the renovation of a Childcare facility, replacement of the Dakota Dome roof, renovation of a technological state of the art Allen H. Neuharth Center for Communications and Journalism, renovation of two historical buildings - Old Main and Belbas Center - to be used for classrooms and student services, renovation of the Lee Medical School building, construction of the Muenster University Center - student center, and construction of a new Beacom School of Business building. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2654210 | Expense |
| Grants | 2654210 | Grants |
| Revenue | 3710895 | Revenue |
| Description | Provide funds for salary augmentation and other support of the academic faculty, and funds to support USD museums and various other auxiliary programs. During the fiscal year ended June 30, 2010, the Foundation provided $2.7 million to USD to support operations and programs. Included in this total was $876,000 provided for faculty, in the form of salary augmentation, faculty travel and professional development and research. Support to students for travel, assistantships, internships, research, etc was provided in the amount of $526,000. Lectures, programs and operational support benefited by $1.2 million. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 14089174 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | 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 | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | 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 | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 67 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 143 | 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 | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| 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 |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | 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 | 1 | 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 | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | HI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | LA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Karen Davies | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6056776709 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | USD Foundation PO Box 5555 | AddressLine1 |
| City | Vermillion | City |
| State | SD | State |
| ZIP Code | 57069 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (30 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Paul J Lewis | |||||||
| Chair | 0.70 | X | X | 0 | 0 | 0 | |
| Doyle Knudson | |||||||
| Chair-Elect | 0.50 | X | X | 0 | 0 | 0 | |
| Vern O Holter | |||||||
| Treasurer/Secretary | 0.40 | X | X | 0 | 0 | 0 | |
| Warren L Prostrollo | |||||||
| Past Chair | 0.50 | X | 0 | 0 | 0 | ||
| Richard E Brown | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Gary L Conradi | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Susan M French | |||||||
| Board of Directors | 0.50 | X | 0 | 0 | 0 | ||
| Nancy A Gallagher | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| John Grundhofer | |||||||
| Board of Directors | 0.70 | X | 0 | 0 | 0 | ||
| Thomas L Heinz | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| John L Lillibridge | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| George M Mickelson | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Daniel J Kelly | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Philip A Odeen | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Stephanie R Otto | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Ellengray Kennedy | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Gary Begeman | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Gina Knox | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| John Waltner | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Lorraine Hart | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Robert Hollingsworth | |||||||
| Board of Directors | 0.50 | X | 0 | 0 | 0 | ||
| Dean Belbas | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Michael Casey | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Clayton Cudmore | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| James McGrann | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| David Olson | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| Steven Sikorski | |||||||
| Board of Directors | 0.40 | X | 0 | 0 | 0 | ||
| J Bryan Benchoff | |||||||
| CEO | 40.00 | X | 175947 | 0 | 27702 | ||
| Karen Davies | |||||||
| CFO | 40.00 | X | 108033 | 0 | 14802 | ||
| Thomas Stogsdill | |||||||
| Vice President | 40.00 | 135246 | 0 | 15898 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 419226 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 58402 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 9504372 | AllOtherContributions |
| Total Contributions | 9504372 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Administrative fees | Description |
| Business Code | 561000 | BusinessCode |
| Total Revenue Column | 241918 | TotalRevenueColumn |
| Related Or Exempt Function Income | 241918 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 241918 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3740786 | TotalRevenueColumn |
| Exclusion | $3,740,786 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 9082 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 9082 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 65281345 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 60656888 | Securities |
| Other | 1513 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4624457 | Securities |
| Other | -1513 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4622944 | TotalRevenueColumn |
| Exclusion | $4,622,944 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Blackstone Investments | Description |
| Business Code | 531390 | BusinessCode |
| Total Revenue Column | 60714 | TotalRevenueColumn |
| Unrelated Business Revenue | 60714 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 60714 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18170734 | TotalRevenueColumn |
| Related Or Exempt Function Income | 241918 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 60714 | UnrelatedBusinessRevenue |
| Exclusion | $8,363,730 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14089174 | Total |
| Program Services | 14089174 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 346094 | Total |
| Management And General | 239100 | ManagementAndGeneral |
| Fundraising | 106994 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1082661 | Total |
| Management And General | 1082661 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40424 | Total |
| Management And General | 40424 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134846 | Total |
| Management And General | 134846 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110139 | Total |
| Management And General | 110139 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6123 | Total |
| Management And General | 6123 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41288 | Total |
| Management And General | 41288 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 581279 | Total |
| Management And General | 581279 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2920 | Total |
| Management And General | 2920 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27340 | Total |
| Management And General | 27340 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69713 | Total |
| Management And General | 69713 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110408 | Total |
| Management And General | 110408 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49130 | Total |
| Management And General | 49130 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57237 | Total |
| Management And General | 57237 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52224 | Total |
| Management And General | 52224 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2092 | Total |
| Management And General | 2092 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113628 | Total |
| Management And General | 113628 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11779 | Total |
| Management And General | 11779 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Fundraising | 215986 | 215986 | |
| Rawlins Society | 36196 | 36196 | |
| Search & Hire fees | 34214 | 34214 | |
| Research & Subscription | 26302 | 26302 | |
| UBTI tax | 5140 | 5140 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9175 | Total |
| Management And General | 9175 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17255512 | Total |
| Program Services | 14089174 | ProgramServices |
| Management And General | 2843358 | ManagementAndGeneral |
| Fundraising | 322980 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15458693 | BOY |
| EOY | 10739538 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22804664 | BOY |
| EOY | 19883279 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58573 | BOY |
| EOY | 72165 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78656 | BOY |
| EOY | 70993 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1871790 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 847099 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1110312 | BOY |
| EOY | 1024691 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97775107 | BOY |
| EOY | 114154818 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16633885 | BOY |
| EOY | 16657121 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 516630 | BOY |
| EOY | 859115 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154436520 | BOY |
| EOY | 163461720 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 197755 | BOY |
| EOY | 196364 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35574 | BOY |
| EOY | 23003 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10616030 | BOY |
| EOY | 12448227 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10849359 | BOY |
| EOY | 12667594 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -3897540 | BOY |
| EOY | -725023 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44183394 | BOY |
| EOY | 42216301 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103301307 | BOY |
| EOY | 109302848 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 143587161 | BOY |
| EOY | 150794126 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154436520 | BOY |
| EOY | 163461720 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 45596794 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11568568 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15773124 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12097785 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9504372 | CurrentTaxYear |
| Total | 94540643 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 45596794 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 11568568 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15773124 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12097785 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9504372 | CurrentTaxYear |
| Total | 94540643 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 14247247 | AmountsSubstContributorsTotal |
| Public Support Total170 | 80293396 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3858112 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6170513 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5215080 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4201990 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3749868 | CurrentTaxYear |
| Total | 23195563 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 78317 | CurrentTaxYearMinus2Years |
| Current Tax Year | 60714 | CurrentTaxYear |
| Total | 139031 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 117875237 | TotalSupport |
| Gross Receipts From Admissions Etc | 618875 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.68120 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.66540 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
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 D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 126164972 | BeginningOfYearBalance |
| Contributions | 5602676 | Contributions |
| Investment Earnings Or Losses | 14276761 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 5721596 | GrantsOrScholarships |
| Other Expenditures | 2126457 | OtherExpenditures |
| Administrative Expenses | 2733645 | AdministrativeExpenses |
| End Of Year Balance | 135462711 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 133250183 | BeginningOfYearBalance |
| Contributions | 10471802 | Contributions |
| Investment Earnings Or Losses | -10251544 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3147198 | GrantsOrScholarships |
| Other Expenditures | 1509025 | OtherExpenditures |
| Administrative Expenses | 2649246 | AdministrativeExpenses |
| End Of Year Balance | 126164972 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00140 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.80690 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.19170 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 100701 | OtherCostOrOtherBasis |
| Book Value | 100701 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1230019 | OtherCostOrOtherBasis |
| Depreciation | 474635 | Depreciation |
| Book Value | 755384 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 541070 | OtherCostOrOtherBasis |
| Depreciation | 372464 | Depreciation |
| Book Value | 168606 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1024691 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Pimco All Asset Funds | 13832271 | F |
| Real Estate Partnership | 2824850 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 16657121 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Investments Held for Others | $11,201,411 |
| Gift Annuities | $1,246,816 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 12448227 | TotalOfAmounts |
| Total Revenue | 18170734 | TotalRevenue |
| Total Expenses | 17255512 | TotalExpenses |
| Excess Or Deficit For Year | 915222 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 5941831 | NetUnrealizedGLOnInvestments |
| Other | $349,912 | OtherAmount |
| Total Adjustments | 6291743 | TotalAdjustments |
| Excess Or Deficit Per FS | 7206965 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 24466419 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 5941831 | NetUnrealizedGainsInvestments |
| Other Revenues | 353854 | OtherRevenues |
| Revenue Not Rptd F990 | 6295685 | RevenueNotRptdF990 |
| Revenue Subtotal | 18170734 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 18170734 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 17259454 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 9082 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 9082 | ExpensesNotRptdF990 |
| Expenses Subtotal | 17250372 | ExpensesSubtotal |
| Other Expenses Not Included | 5140 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 5140 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 17255512 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | The Foundation attempts to provide a predictable stream of funding to USD programs and scholarships supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Appropriations are made annually, based on a distribution that is carefully reviewed by the Board of Directors. The appropriations are used for the purposes as defined in the agreement between the Foundation and donor on the underlying endowment. |
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | The Organization evaluates its tax positions on an annual basis. Management has determined there are no uncertain tax positions at June 30, 2010 and 2009, that meet the criteria for recognition in the financial statements. As of June 30, 2010, the unrecognized tax benefit accrual was zero. The Organization is subject to Federal tax examinations and will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. |
| Part XI, Line 8 - Other Adjustments: | Change in Gift Annuities: 344772. UBTI tax: 5140. | |
| Part XII, Line 2d - Other Adjustments: | Rental Expenses Included with Rental Income: 9082. Change in Annuities and Deferred Gifts: 344772. | |
| Part XIII, Line 2d - Other Adjustments: | Rental Expenses Included with Rental Income: 9082. | |
| Part XIII, Line 4b - Other Adjustments: | UBTI tax: 5140. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|---|---|
| University of South Dakota | ||||||||||
| 414 East Clark Street | Vermillion | SD | 57069 | 466000364 | 501(c)(3) | 13661166 | 223532 | Appraisal, Expert opinion | Transfer noncash gifts to USD. Gifts made to USDF. | Scholarships, building, facilities, operational and program |
| Black Hills Playhouse | ||||||||||
| PO Box 2513 | Rapid City | SD | 57709 | 460215866 | 501(c)(3) | 8360 | Scholarship and capital expenditures | |||
| Dakota State University | ||||||||||
| 820 N Washington Ave | Madison | SD | 57042 | 466000364 | 501(c)(3) | 8000 | Scholarships | |||
| National Music Museum | ||||||||||
| 414 East Clark Street | Vermillion | SD | 57069 | 237266823 | 501(c)(3) | 130434 | Insurance and operations | |||
| South Dakota Medical School Endowment Association | ||||||||||
| 2600 W 49th Street | Sioux Falls | SD | 57105 | 466012680 | 501(c)(3) | 28182 | Program | |||
| South Dakota State University | ||||||||||
| PO Box 2201 | Brookings | SD | 57007 | 466000364 | 501(c)(3) | 20600 | Scholarships | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 6 | TotalNbrOf501C3AndGovtGrants |
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: The University of South Dakota Foundation accepts gifts and manages payments for the purposes set forth by the donors. The Foundation informs the University of South Dakota (USD) how much is available for expenditure and what the criteria are for their use (i.e. scholarship criteria, research criteria, student or faculty support criteria,etc). USD makes the determination of who the specific recipient will be for these funds, in accordance with the criteria, and requests the Foundation to issue payment for these purposes. Before payment is made, the Foundation verifies that the requested payment is an appropriate use of the funds and that the USD representative making the request is authorized to do so. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| 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 (2 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| J Bryan Benchoff | |||||||||||||
| 168368 | 0 | 0 | 0 | 7579 | 0 | 9000 | 0 | 20246 | 0 | 205193 | 0 | 0 | 0 |
| Thomas Stogsdill | |||||||||||||
| 134560 | 0 | 0 | 0 | 686 | 0 | 6828 | 0 | 10639 | 0 | 152713 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 6 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 84960 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Expert opinion | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 3727 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Expert opinion | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 22 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 201017 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Ave of high & low mkt pr | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Scientific/Laboratory Equipment | 3 | 77500 | Selling Price |
| X | Computer Technology & Software | 3 | 28223 | Selling Price |
| X | Miscellaneous & Items for Auctioning | 53 | 29123 | Selling Price and Comparable Price |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Method for Determining Number of Contributors: | Identifier |
| Return Reference | Part I, Column (b): | ReturnReference |
| Explanation | Combination of both number of items received and number of contributors. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 1 | The Executive Committee consists of the Chair, Chair-Elect, Past-Chair and two elected members. The Executive Committee has broad authority to act on behalf of the board. Approval of authority to act for unusual transactions (i.e. purchase/sale of property) is received from the Board of Directors prior to the actions. Approval of normal business actions is received from the Board of Directors after the committee has acted. The Board of Trustees approves appointments to the Board of Directors. |
| Form 990, Part VI, Section B, line 11 | The CFO reviews the 990 in detail. After her review, the 990 is provided to each board member. If the 990 is ready by the Dakota Days meeting in October, it will be presented to the governing board at that time. Approval will be sought at that meeting. If the 990 is not ready by that time, it will be emailed to the governing body and they will be required to respond with their approval. The 990 will not be filed until board approval is attained. |
| Form 990, Part VI, Section B, line 12c | New board members sign a conflict of interest statement upon appointment. Other board members are currently required to sign a conflict of interest statement every year. They are asked to notify the Foundation immediately if a conflict arises in the interim. This procedure covers all voting members of the Board of Trustees, employee-officers and key employees. The statements are reviewed by the Director of Administration and the CFO. Any conflicts would result in requiring the specified board member to excuse themselves from a vote that involves the conflict. |
| Form 990, Part VI, Section B, line 15 | The Executive Board serves as the personnel committee. Compensation and benefits for the CEO are determined by this committee. Wage and benefit adjustments for the CEO are determined annually by this committee. The committee gathers salary information from employment surveys to use for comparison. Upon hire, the committee enters into an employment contract with the person chosen for the CEO position. Compensation for the CFO is recommended to the Executive Board by the CEO. The Executive Board approves all compensation levels and wage adjustments. Actions are documented in the minutes. The process was last undertaken in May 2010. |
| Form 990, Part VI, Section C, line 19 | The financial statements are available on the website. All documents are available upon request. |
| Amended Form 990 Explanation of Changes | Corporation is filing an amended return to report changes after filing 2009 Form 990-T. Change to Form 990 as a result of Form 990-T filing: Part I, Line 7a - Total unrelated business revenue has increased $60,714 Part I, Line 7b - Net unrelated business taxable income has increased $34,265 Part I, Lines 17 and 18 Current Year - Increase of $5,140 for UBTI tax Part I, Line 19 Current Year - Decrease of $5,140 for UBTI tax Part V, Line 3a & 3b - Changed to Yes since the corporation has now filed Form 990-T Part VIII, Line 3 - Investment Income - Excluded revenue has decreased $60,714 Part VIII, Line 11a - Miscellaneous Income - Unrelated business revenue has increased $60,714 Part IX, Lines 24 and 25 - Increase of $5,140 for UBTI tax Change to Schedule A, Part II, Section B as a result of Form 990-T filing: Line 8(d) - increased $19,282 for net UBTI loss Line 8(e) - decreased $60,714 for net UBTI Line 9(e) - increased $60,714 for net UBTI Change to Schedule D, Part XI: Line 2, 8 and 9 - increased $5,140 for UBTI tax Line 3 - decreased $5,140 for UBTI tax Change to Schedule D, Part XIII: Line 4b and 5 - increased $5,140 for UBTI tax Change to Schedule A, Part II, Section B as a result of Form 990-T filing in the prior year: Line 8(c) - decreased $78,317 for net UBTI Line 9(c) - increased $78,317 for net UBTI |
| Previously Amended Return | Form 990 Page 1 Section B and Page 10 Part IX Lines 5 and 6: This return is being amended to correct the reporting of officer compensation on Form 990 Part IX. Officer compensation was originally reported on line 6 as compensation to disqualified persons. The amended return shows it being properly reported on line 5 as compensation to current officers, directors, trustees, and key employees. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USDF LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1110 N DAKOTA PO BOX 5555 | AddressLine1 |
| City | Vermillion | City |
| State | SD | State |
| ZIP Code | 57069 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 466018891 | EIN |
| Primary Activities | Hold and manage real estate for Foundation | PrimaryActivities |
| Legal Domicile State | SD | LegalDomicileState |
| Total Income | 9082 | TotalIncome |
| EOY Assets | 649821 | EOYAssets |
Comments