2023-09-25T17:26:59-05:00 2022-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2022-01-01 460273801 SOUTH DAKOTA STATE UNIVERSITY FOUNDATION SOUT 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570061303 TIM DWIRE VP FOR OPERATIONS & FINANCE 6056977475 2023-09-24 1 TIM DWIRE 999009999 1 LAURIE HANSON CPA P00851848 6053391999 2023-09-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE ERPENBACH 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570061303 104460166 0 X WWW.SDSTATEFOUNDATION.ORG X 1945 SD UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. 13 13 52 101 -105731 0 69671042 71744372 2940238 2455113 12467887 11957027 842898 610078 85922065 86766590 20385278 23137838 0 0 4196176 4427723 0 0 3484291 3941961 3587956 28523415 31153517 57398650 55613073 348997172 374742480 15654944 12292523 333342228 362449957 ENHANCING EXCELLENCE BY CULTIVATING GENEROSITY AND TREASURING THE LOYALTY OF ALL WE SERVE. 0 0 23137838 23137838 2560844 TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. APPROXIMATELY $9.39 MILLION IN SCHOLARSHIPS WERE AWARDED, $5.23 MILLION IN DEPARTMENTAL PROGRAMS WERE FUNDED, AND $6.19 MILLION IN CAPITAL PROJECTS WERE FUNDED DURING 2022. 23137838 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 45 1 1 52 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 1 1 CA FL HI IL KY MA MD MI MN NH NJ NY OR SC UT X TIM DWIRE 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570061303 RITA EDWARDS CHAIR 1.00 X X 0 0 0 MARC MOONEY CHAIR-ELECT 1.00 X X 0 0 0 BOB SCHMIDT BOARD MEMBER 1.00 X 0 0 0 GORDON NIVA BOARD MEMBER 1.00 X 0 0 0 CATHY VANDER WAL-ROUNDS BOARD MEMBER 1.00 X 0 0 0 KEVIN TETZLAFF BOARD MEMBER 1.00 X 0 0 0 MARK WAHLSTROM BOARD MEMBER 1.00 X 0 0 0 DANA DYKHOUSE BOARD MEMBER 1.00 X 0 0 0 TRAVYS HARVEY-KING BOARD MEMBER 1.00 X 0 0 0 MIKE ROBERTS BOARD MEMBER 1.00 X 0 0 0 MICHELLE MCCARVILLE BOARD MEMBER 1.00 X 0 0 0 KATHY WALKER BOARD MEMBER 1.00 X 0 0 0 DAVE SCHAEFER BOARD MEMBER 1.00 X 0 0 0 STEVE ERPENBACH PRESIDENT/CEO 55.00 X 223862 0 51028 TIM DWIRE VP FOR OPERATIONS & FINANCE 55.00 X 180043 0 40961 KEITH MAHLUM VP FOR DEVELOPMENT 55.00 X 163554 0 48700 MICHAEL BIRGEN ASSOC VP FOR DEVELOPMENT 55.00 X 117482 0 18549 RINA REYNOLDS SENIOR DIRECTOR OF MAJOR GIFTS 55.00 X 115706 0 9725 ARIAN BUNDE VP FOR STRATEGY AND INNOVATION 55.00 X 107297 0 7483 907944 0 176446 6 0 1 0 MILLS CONSTRUCTION 1311 MAIN AVE S BROOKINGS SD 57006 CONSTRUCTION 1186082 FIRST BANK & TRUST WEALTH MANAGEMENT PO BOX 5057 BROOKINGS SD 57006 FIDUCIARY FEES 215807 HENKIN SCHULTZ 6201 S PINNACLE PLACE SIOUX FALLS SD 57108 MARKETING CONSULTING 158799 MARCO TECHNOLOGIES LLC NW 7128 PO BOX 1450 MINNEAPOLIS MN 55485 TECHNOLOGY SERVICES 157303 GIVECAMPUS LLC 99 M ST SE STE 233 WASHINGTON DC 20003 CREDIT CARD TRANSACTION FEES 123545 8 71744372 2255597 71744372 SUPPORT SERVICES 900099 2175000 2175000 OTHER REVENUE 900099 280113 385844 -105731 2455113 5241008 5241008 588630 0 588630 588630 588630 13719062 10662181 7325366 10339858 6393696 322323 6716019 6716019 49800 28352 21448 21448 86766590 2560844 -105731 12567105 23137838 23137838 709986 359368 350618 2922877 1565328 1357549 176900 94975 81925 370550 211664 158886 247410 128923 118487 14448 13136 1312 89979 88334 1645 305487 237640 67847 173833 79267 94566 93940 49415 44525 214289 106942 107347 381328 207451 173877 326265 278095 48170 149248 20282 128966 131353 124180 7173 113040 113040 867355 552865 314490 63970 56355 7615 RECOGNITION AND MEMORIA 329621 221383 108238 HOSPITALITY 210765 8699 202066 PROFESSIONAL FUNDRAISIN 91949 91949 DUES AND SUBSCRIPTIONS 29416 12376 17040 1670 1670 31153517 23137838 4531388 3484291 X 24394036 18422622 21439403 41049332 4649856 3852611 145085 229100 28924156 5003187 26407289 23920969 239461698 258152969 20390777 17468633 12109028 11646244 348997172 374742480 3460772 4515142 3333333 0 2133434 2045846 6727405 5731535 15654944 12292523 X -7544671 -6608448 340886899 369058405 333342228 362449957 348997172 374742480 X 55613073 -25595952 -909392 X 0 1 X 1 0 X 41101846 46905198 46392211 69671042 71744372 275814669 41101846 46905198 46392211 69671042 71744372 275814669 71276563 204538106 2791129 4387812 4158529 4605410 5829638 21772518 1722500 1900000 2661700 2286125 2582292 11152617 308739804 0.66250 0.72600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 6923 6923 0 PART II-B, LINE 1: SDSU FOUNDATION PAID ABR ASSOCIATES IN 2022 FOR LOBBYING TO SOLICIT STATE APPROPRIATIONS FOR THE RODEO FACILITY FUND. 266631848 34143280 -19440222 15843842 94197 3799184 261597683 208903102 47746137 22650511 9190364 128621 3348917 266631848 175342648 21279600 22198693 7144739 196144 2576956 208903102 141856480 23444485 17902339 5369217 265628 2225811 175342648 142602732 12887239 -5814745 5489251 271131 2058364 141856480 0.00220 0.92670 0.07110 0 0 5047957 2313638 7361595 3104687 11489813 2561018 12033482 5911470 2345895 3565575 923351 133240 96274 960317 23920969 INVESTMENTS HELD FOR OTHERS 268806 GIFT ANNUITIES, LIFE INCOME AGREEMENTS, AND LIFE ESTATES 5207715 LEASE LIABILITIES 255014 5731535 X 59982617 -25595952 -1214879 -26810831 86793448 -26858 -26858 86766590 30874888 26858 26858 30848030 305487 305487 31153517 PART V, LINE 4: TO ASSIST IN FULFILLING THE FOUNDATION'S MISSION OF UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU, THROUGH SCHOLARSHIPS AND DEPARTMENTAL PROGRAMS. PART X, LINE 2: THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2022 AND 2021 THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES WILL BE RECOGNIZED IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -305,487. CHANGE IN SPLIT INTEREST AGREEMENTS -909,392. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAMING EXPENSES -26,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES 26,858. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 305,487. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 4130829 0 0 0 0 0 0 4130829 0 4130829 1 0 0 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV: THE FOUNDATION REVIEWS ITS DIRECT AND INDIRECT INVESTMENTS DURING THE TAX PERIOD FOR DETERMINING REQUIRED FOREIGN FILINGS. THE FOUNDATION MAKES DIRECT AND INDIRECT TRANSFERS TO FOREIGN CORPORATIONS AND FOREIGN PARTNERSHIPS. THE FOUNDATION WOULD FILE FORM 926 OR FORM 8865 IF THE TRANSFERS MET THE REQUIREMENTS FOR FILING. THE FOUNDATION'S TRANSFERS TO FOREIGN CORPORATIONS DID REQUIRE FILING FORM 926. THE FOUNDATION'S TRANSFERS TO FOREIGN PARTNERSHIPS DID NOT REQUIRE FILING FORM 8865. THE FOUNDATION HAS OWNERSHIP INTERESTS IN FOREIGN PARTNERSHIPS. THE FOUNDATION WOULD FILE FORM 8865 IF THE OWNERSHIP MET THE REQUIREMENTS FOR FILING. THE FOUNDATION'S OWNERSHIP IN FOREIGN PARTNERSHIPS DID NOT REQUIRE FILING FORM 8865. THE FOUNDATION INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES (PFICS). THE FOUNDATION WOULD FILE FORM 8621 FOR UNDERLYING INVESTMENTS THAT GENERATE UNRELATED BUSINESS INCOME. THE FOUNDATION WOULD NOT FILE FORM 8621 WHERE THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR WHERE THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. THE FOUNDATION DID NOT REQUIRE FILING FORM 8621. 49800 12858 14000 1494 0 49800 12858 14000 1494 28352 21448 SD 1 0 1 0 0.00000 1.00000 TIM DWIRE 815 MEDARY AVENUE BROOKINGS SD 57006 0 TIM DWIRE 310 RAFFLE MANAGER X 0 1 SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 GOVERNMENTAL 20646070 125357 FMV TRACTOR GIFTS, GRANTS, SCHOLARSHIPS; SDSU DEPT EXPENSES, BUILDING & EQUIPMENT PURCHASES. DAKOTA BIOWORX 2301 RESEARCH PARK WAY STE 117 BROOKINGS SD 57006 882205210 501(C)(3) 1873320 0 CAPITAL PROJECT SDSU ALUMNI ASSOCIATION 815 MEDARY AVENUE BROOKINGS SD 57006 411866674 501(C)(3) 483141 0 PROGRAM SUPPORT 3 0 PART I, LINE 2: FUNDS MADE AVAILABLE TO THE SDSU FOUNDATION ARE TYPICALLY RESTRICTED BY THE DONOR FOR SPECIFIC SCHOLARSHIPS AND/OR PROGRAMS. THE FOUNDATION PROVIDES THE SELECTION CRITERIA TO THE SDSU FINANCIAL AID OFFICE, WHO USES THIS TO DETERMINE ELIGIBILITY OF STUDENTS. THE FOUNDATION PROVIDES DONOR-IMPOSED RESTRICTIONS ON PROGRAM FUNDS TO THE DEPARTMENT HEADS AND LEADERSHIP OF SOUTH DAKOTA STATE UNIVERSITY. REQUESTS ARE MONITORED BY THE FOUNDATION FOR PROPER AUTHORIZATION AND UTILIZATION. OTHER ORGANIZATIONS THAT ARE RECIPIENTS OF GRANTS FROM SDSU FOUNDATION ARE REQUIRED TO PROVIDE COPIES OF THEIR 501(C)(3) IRS DETERMINATION LETTER. IF AN ORGANIZATION IS NOT A 501(C)(3) ORGANIZATION, REPORTS AND OTHER COMMUNICATIONS ARE REQUESTED TO CONFIRM THE FUNDS WERE USED FOR CHARITABLE PURPOSES AS INTENDED BY THE DONORS. SCHEDULE I PART II DISBURSEMENTS TO SOUTH DAKOTA STATE UNIVERSITY INCLUDED THE FOLLOWING: $9,391,260 FOR GIFTS, GRANTS AND SCHOLARSHIPS; $11,254,810 FOR DEPARTMENTAL EXPENSES, BUILDING AND EQUIPMENT PURCHASES, $125,357 NON-CASH DONATION OF TRACTOR. SCHEDULE I PART II DAKOTA BIOWORX (PREVIOUSLY DAKOTA BIOPRODUCTS INNOVATION INSTITUTE) HAS A PENDING APPLICATION FOR 501(C)(3) STATUS WITH THE IRS. X X X X 0 0 0 0 0 0 0 0 0 STEVE ERPENBACH PRESIDENT/CEO 223862 0 0 0 0 0 14444 0 37196 0 275502 0 0 0 TIM DWIRE VP FOR OPERATIONS & FINANCE 177878 0 2165 0 0 0 11427 0 30146 0 221616 0 0 0 KEITH MAHLUM VP FOR DEVELOPMENT 160847 0 2707 0 0 0 10873 0 38440 0 212867 0 0 0 X 46 707860 AVG HIGH/LOW DOT X 2 73286 APPRAISAL X OTHER 8 1296449 FMV X LIVESTOCK/GRAIN 10 178002 SELLING PRICE 1 0 1 1 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS CONTRIBUTED. PART I, LINE 32B: AUCTION AND REALTOR SERVICES FOR LAND GIFTS FORM 990, PART VI, SECTION A, LINE 6 TRUSTEES OF THE FOUNDATION WILL CONSTITUTE THE MEMBERSHIP OF THE CORPORATION. THE COUNCIL OF TRUSTEES SHALL CONSIST OF NO MORE THAN 150 MEMBERS, ALTHOUGH THAT NUMBER MAY BE MODIFIED AT ANY TIME BY MAJORITY VOTE OF THE TRUSTEES. TRUSTEES SHALL BE ELECTED BY THE COUNCIL OF TRUSTEES DURING THE SPRING MEETING TO SERVE THREE YEAR TERMS. THERE ARE NO TERM LIMITS. TRUSTEES SHALL BEGIN THEIR TERM OF OFFICE ON JANUARY 1 FOLLOWING ELECTION. FORM 990, PART VI, SECTION A, LINE 7A THE BUSINESS AND AFFAIRS OF THE CORPORATION SHALL BE EXERCISED BY A BOARD OF GOVERNORS WHICH IS ELECTED BY THE COUNCIL OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES KEEP MINUTES OF THEIR MEETINGS, ALTHOUGH THERE IS NO COMMITTEE THAT HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S FINANCE OFFICE REVIEWS THE 990 IN DETAIL, AND QUESTIONS ARE RESOLVED WITH THE GOVERNING BODY. THE ENTIRE 990 WAS PROVIDED TO THE BOARD OF GOVERNORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS OFFICERS, DIRECTORS OR TRUSTEES. A REQUEST IS MADE ANNUALLY FOR ALL OFFICERS, DIRECTORS OR TRUSTEES TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST. THE BOARD MAKES A DETERMINATION OF WHETHER THERE IS A CONFLICT OF INTEREST AND IF SO, IMPLEMENTS THE PROCEDURE FOR EVALUATING THE ISSUE OR TRANSACTION INVOLVED. THE OFFICER, DIRECTOR OR TRUSTEE WITH THE CONFLICT MUST REFRAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION INCLUDES THE USE OF SUB-COMMITTEES, COMPENSATION STUDIES, AND JOB DESCRIPTIONS. THIS PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART X, LINE 27 SUPPORT FOR VARIOUS SDSU SCHOLARSHIPS AS WELL AS PROGRAMS AND CAPITAL PROJECTS IN EXCESS OF GIFTS, INCLUDING PROMISES TO GIVE, TOTALED APPROXIMATELY $15,700,000 AND $16,705,000 AS OF DECEMBER 31, 2022 AND 2021, RESPECTIVELY. THE CUMULATIVE DEFICIENCY IS REPORTED IN NET ASSETS WITHOUT DONOR RESTRICTIONS, WHICH TOTAL ($6,608,448) AND ($7,544,671) AS OF DECEMBER 31, 2022 AND 2021, RESPECTIVELY. THERE ARE CERTAIN PROMISES TO FUND VARIOUS SDSU CAPITAL PROJECTS AND ARE RESTRICTED BY SPECIFIC CRITERIA DESIGNATED BY THE DONOR WHICH HAVE NOT YET BEEN RECOGNIZED. AS OF DECEMBER 31, 2022, THE FOUNDATION HAS RECEIVED $8,760,000 IN CONDITIONAL PROMISES TO GIVE RELATED TO DEFICIENT PROJECTS. THE FOUNDATION PLANS TO RECOVER THE REMAINING NET ASSETS WITHOUT DONOR RESTRICTIONS DEFICIT WITH FUTURE GIFTS. NET ASSETS WITHOUT DONOR RESTRICTIONS ALSO INCLUDE A BOARD-DESIGNATED ENDOWMENT OF $568,436 AND $631,916 AS OF DECEMBER 31, 2022 AND 2021. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -909,392. MEDARY AVIATION LLC 815 MEDARY AVENUE BROOKINGS SD 57006 AIRPLANE LEASING SD -102180 6140972 SDSU FOUNDATION MISSION HILLS PLAZA 2420 ENTERPRISE ROAD SUITE 105 CLEARWATER FL 33763 593110740 RENTAL ACTIVITY FL SOUTH DAKOTA STATE UNIVERSITY FOUNDATION EXCLUDED 19102 68244 0 1 0.50000 CHARITABLE REMAINDER TRUSTS (32) CHARITABLE REMAINDER TRUST SD N/A T 1 POOLED INCOME FUND (2) POOLED INCOME FUND SD N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0