2025-03-06T13:53:30-07:00 2024-08-31 990 2023-09-01 411677359 PROFESSIONAL STUDENT GOVERNMENT PROF 2085771812 300 WASHINGTON AVENUE SE 202A MINNEAPOLIS MN 55455 Gabriel Richardson Finance Secretary (Treasurer) 2085771812 2025-03-05 1 2023 2025-03-06 01:10:19Z JACOB BOURGAULT 300 WASHINGTON AVENUE SE 202A Minneapolis MN 55455 195627 0 X https://sites.google.com/umn.edu/umnpsg/home X 1997 MN PROVIDING LEADERSHIP IN ACADEMIC EXCELLENCE, ADVOCACY, COMMUNITY BUILDING, AND SERVICES FOR AL PROFESSIONAL STUDENTS AT THE UNIVERSITY OF MINNESOTA. 15 0 1 40 0 0 0 0 214210 193302 1279 2325 0 0 215489 195627 129297 184748 0 0 37581 46687 0 0 0 16843 10121 183721 241556 31768 -45929 163031 117568 0 0 163031 117568 X TO ADVOCATE FOR, REPRESENT AND INFORM PROFESSIONAL STUDENTS AT THE UNIVERSITY OF MINNESOTA. 0 0 226114 184748 195743 The Professional Student Government (PSG) is a multilateral organization that acts as a resource for its member councils, a central contact for university administrators, and a crucial nexus of interdisciplinary communication among students. The goals of PSG are to support academic excellence, advocate on behalf of professional students, create an interdisciplinary community, and provide grants to students. Policy items were pursued at various administrative levels. PSG distributes a large portion of its funds as grants, including academic initiative grants, social events grants, professional development grants, and inter-council event grants. Hundreds of grants are distributed to students and organizations annually. 0 0 0 226114 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 1 0 0 0 0 0 0 0 0 X 15 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 MN X PSG Secretary of Finance 2085771812 300 WASHINGTON AVENUE SE 202A MINNEAPOLIS MN 55455 Jacob Bourgault Secretary of Grants, President 10 X X 5200 0 0 Gabriel Richardson President, Secretary of Finance 10 X X 5175 0 0 Jessica Egertson Secretary of Finance 5 X X 2700 0 0 Dannah Nephew Vice President, Secretary of Senate 4 X X 1750 0 0 Flora Yang Secretary of Regents, Vice President 8 X X 1524 0 0 Jean Leighton Secretary of Communications 6 6 X X 1500 0 0 Peter Smith Secretary of Senate, Secretary of Regents 4 X X 900 0 0 Rachel Koller Speaker of Congress 3 X X 900 0 0 19649 0 0 0 0 0 0 0 0 0 STUDENT SERVICE FEES 611310 193302 193302 0 0 0 0 0 0 193302 2325 2325 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 195627 195627 0 0 161648 161648 23100 23100 19649 14737 4912 20481 15361 5120 6557 4918 1639 660 660 2069 2069 510 510 532 532 0 0 0 0 ROM RENTAL FOR EVENTS 5100 5100 0 0 FOOD/CATERING 1250 1250 0 0 241556 226114 15442 0 33781 17312 129250 100256 163031 117568 0 0 X 163031 117568 0 0 163031 117568 163031 117568 -45929 0 0 0 466 0 X 0 0 0 X 194575 208081 209003 214210 195743 1021612 15050 15050 15050 15050 15050 75250 209625 223131 224053 229260 210793 1096862 1096862 59 36 38 1279 2325 3737 59 36 38 1279 2325 3737 209684 223167 224091 230539 213118 1100599 0.99660 0.9987 0.00340 0.0013 X 1 COLEGE OF PHARMACY BOARD 308 SE HARVARD ST MINNEAPOLIS MN 55455 416007513 115 7500 FLAT FEE GRANT AND PER STUDENT GRANT SCHOL OF PUBLIC HEALTH 420 DELAWARE ST SE MINNEAPOLIS MN 55455 416007513 115 9000 FLAT FEE GRANT AND PER STUDENT GRANT SCHOOL OF DENTISTRY 515 DELAWARE ST SE MINNEAPOLIS MN 55455 416007513 115 10400 FLAT FEE GRANT AND PER STUDENT GRANT COLEGE OF VETERINARY MEDICINE 1365 GORTNER AVENUE SAINT PAUL MN 55108 416007513 115 7000 FLAT FEE GRANT AND PER STUDENT GRANT MBA ASSOCIATION 321 19TH AVE S SUITE 2-210 MINNEAPOLIS MN 55455 416007513 115 8500 FLAT FEE GRANT AND PER STUDENT GRANT PUBLIC AFFAIRS STUDENT ASSOCIATION 301 19TH AVE S MINNEAPOLIS MN 55455 416007513 115 17000 FLAT FEE GRANT AND PER STUDENT GRANT GRADUATE NURSING STUDENT COUNCIL 308 SE HARVARD ST Minneapolis MN 55455 416007513 115 9200 FLAT FEE GRANT AND PER STUDENT GRANT LAW SCHOOL COUNCIL 229 S 19TH AVE MINNEAPOLIS MN 55455 416007513 115 12000 FLAT FEE GRANT AND PER STUDENT GRANT MEDICAL SCHOOL STUDENT COUNCIL 420 DELAWARE ST SE MINNEAPOLIS MN 55455 416007513 115 8800 FLAT FEE GRANT AND PER STUDENT GRANT 9 9 PROFESSIONAL DEVELOPMENT GRANTS 116 23100 ACADEMIC INITIATIVE GRANTS 27 13394 SOCIAL INITIATIVE/ EVENTS GRANTS 54 43479 INTER-COUNCIL GRANTS 7 14874 UNIVERSITY EMS DONATION/ GRANT 1 500 Schedule I, Part I, Line 2 Students or organizations may apply for grants through PSG to support academic purposes, professional development, social events, or travel. The Grant Committee reviews all applications, including the proposed budget, and makes recommendations to the Congress for approval. Once a grant is approved, an initial payment covering half of the approved amount is issued. After the project is completed, the Congress reviews an evaluation of the project and its final costs before reimbursing the remaining grant funds. Form 990, Part III, Line 4a As the Professional Student Government (PSG) at the University of Minnesota, we continue to represent over 6,000 professional students, advocating for their needs while enhancing governance, financial transparency, and student engagement. This year, PSG focused on strengthening its administrative foundation, conducting an internal audit that led to financial management updates and policy revisions to align with University standards. We prioritized advocacy for increased funding, engaging with state stakeholders to highlight the tangible impact of financial support on student resources and opportunities. PSG also worked to improve collaboration among student governments, ensuring better coordination and accessibility of University-wide resources. Additionally, we supported environmental, social, and governance (ESG) initiatives, including assisting professional schools in centralizing ESG programming and resources. Much of our focus has also been on fostering financial transparency for member councils, reinforcing accountability in fund allocation. PSG remains committed to enhancing student experiences, strengthening governance, and advocating for professional students' financial and academic success in the year ahead. Form 990, Part VI, Section A, Line 4 The Professional Student Government has restated its Articles of Incorporation, revised its Bylaws, and updated general policies and procedures to meet University of Minnesota requirements for student groups receiving funding and to better align with modern organizational needs. All governing documents can be accessed via the website listed for this return. Form 990, Part VI, Section B, Line 11b The Secretary of Finance is responsible for assisting in ensuring that all tax reports are filed in a timely manner. Form 990, Part VI, Section B, Line 12c Yes, the organization has a written conflict of interest policy. Officers, directors, trustees, and key employees are required to disclose annually any interests that could give rise to conflicts. The organization regularly and consistently monitors and enforces compliance through its governing body, which reviews disclosures and takes appropriate action as necessary. Form 990, Part VI, Section B, Line 15 Officers may receive stipends for their terms of office. Stipend amounts are determined through the budget each year and are governed by the board. Form 990, Part VI, Section C, Line 19 PSG provides access to the Articles of Incorporation, Bylaws, and Minutes of the Board through the organization's website and upon request but does not publish any financial documents online except for a budget. UNIVERSITY OF MINNESOTA 101 PLEASANT STREET SE MINNEAPOLIS MN 55455 416007513 POST SECONDARY EDUCATION MN 501(C)(3) LINE 5 UNIVERSITY OF MINNESOTA 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 UNIVERSITY OF MINNESOTA s 193302 March 5, 2025 Internal Revenue Service Department of the Treasury Ogden, UT 84201-0027 Subject: Request for Abatement or Waiver of Late Filing Penalty for Form 990, TY 2024 - Dear Sir or Madam, I am writing on behalf of the Professional Student Government (PSG), a non-profit organization representing professional students at the University of Minnesota. We respectfully request an abatement or waiver of the late filing penalty related to our recent Form 990 filing. PSG has been actively serving professional students since 1997, representing students from the Carlson School of Management, Law School, Medical School, Dental School, School of Nursing, College of Pharmacy, School of Public Health, College of Veterinary Medicine, College of Education and Human Development, Humphrey School of Public Affairs, among other professional schools. As a student-run organization with annually changing leadership, we strive to maintain compliance with all regulatory requirements, including timely filing of our tax returns. Historically, PSG has diligently filed its Form 990 on time. Our fiscal year ends on August 31st, and we have consistently applied for and received a six-month extension, allowing us to file by the extended deadline in May. Our tax filings have traditionally been handled by our long-standing pro bono accountant, Marc Kotsonas, CPA, from Mahoney, who also managed our extension requests. Unfortunately, in late 2024, we were informed that Mahoney would no longer be providing pro bono tax services. This coincided with the unexpected passing of our long-time administrative lead and only employee, Kathleen Craig, in November 2024. Kathleen played a crucial role in liaising between PSG and our accountants, ensuring continuity in our tax compliance. These significant changes resulted in the unintentional oversight of our extension filing, as we had assumed the extension had been submitted as in previous years. We only recently became aware that the Form 8868 extension had not been filed and that our actual filing deadline was January 15, 2025, rather than our usual extended deadline in June. Upon discovering this oversight, we have taken immediate steps to complete and submit our Form 990 as soon as possible. As a student-run organization, PSG operates with very limited funds, the majority of which come from student contributions and are used to provide grants, educational programs, and other resources aimed at supporting our student community. Our budget is extremely sensitive to any unexpected costs, and the imposition of a late filing penalty would directly impact our ability to fund these critical initiatives. Given our consistent history of timely filings, the unforeseen changes in our organizational structure, and the genuine misunderstanding regarding our extension request, we respectfully ask for a first-time abatement or waiver of any associated penalties. We understand that the standard penalty is $20 per day for organizations of our revenue size but given our commitment to compliance and our proactive response upon recognizing the issue, we kindly request leniency in this matter. Any financial penalties imposed would place an undue burden on our already limited resources and, ultimately, hinder our ability to continue providing meaningful support to professional students at the University of Minnesota. We greatly appreciate your time and consideration of our request. If any additional documentation or information is needed to support our request, please do not hesitate to reach out. Thank you for your attention to this matter. Sincerely, Gabriel Richardson, Secretary of Finance (Treasurer) Professional Student Government (PSG) 300 Washington Avenue SE, Room 202A Minneapolis, MN 55455 +1.208.577.1812 | rich2021@umn.edu