2022-09-28T09:51:52-05:00 2021-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2021-01-01 460273801 SOUTH DAKOTA STATE UNIVERSITY FOUNDATION SOUT 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570061303 TIM DWIRE VP OF OPERATIONS & FINANCE 6056977475 2022-09-27 1 TIM DWIRE 999009999 LAURIE HANSON CPA P00851848 6053391999 2022-09-27 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z STEVE ERPENBACH 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570061303 110223018 0 X WWW.SDSTATEFOUNDATION.ORG X 1945 SD UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. 13 13 47 100 -127303 0 46392211 69671042 2558549 2940238 5284467 12467887 563110 842898 54798337 85922065 26702551 20385278 0 0 4260061 4196176 0 0 4134278 3341075 3941961 34303687 28523415 20494650 57398650 287960105 348997172 28102947 15654944 259857158 333342228 ENHANCING EXCELLENCE BY CULTIVATING GENEROSITY AND TREASURING THE LOYALTY OF ALL WE SERVE. 0 0 20385278 20385278 2286125 TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. APPROXIMATELY $6.66 MILLION IN SCHOLARSHIPS WERE AWARDED, $4.60 MILLION IN DEPARTMENTAL PROGRAMS WERE FUNDED, AND $8.98 MILLION IN CAPITAL PROJECTS WERE FUNDED DURING 2021. 20385278 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 73 0 1 47 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 218652 0 48972 TIM DWIRE VP OF OPERATIONS & FINANCE 55.00 X 174254 0 39140 KEITH MAHLUM VP OF DEVELOPMENT 55.00 X 150907 0 46700 MARC LITTLECOTT DIRECTOR OF GIFT PLANNING 55.00 X 134552 0 39624 MICHAEL BIRGEN ASSOC VP FOR DEVELOPMENT 55.00 X 115957 0 17770 RINA REYNOLDS SENIOR DIRECTOR OF MAJOR GIVING 55.00 X 109602 0 10547 ARIAN BUNDE VP FOR STRATEGY AND INNOVATION 55.00 X 101790 0 12564 1005714 0 215317 7 0 1 0 FIRST BANK & TRUST WEALTH MANAGEMENT PO BOX 5057 BROOKINGS SD 57006 FIDUCIARY FEES 244709 HENKIN SCHULTZ 6201 S PINNACLE PLACE SIOUX FALLS SD 57108 MARKETING CONSULTING 180408 ARAMARK 1421 STUDENT UNION LANE BROOKINGS SD 57007 FOOD SERVICES 176190 BLACKBAUD PO BOX 844827 BOSTON MA 02284 SOFTWARE SERVICES 151000 MARCO TECHNOLOGIES LLC NW 7128 PO BOX 1450 MINNEAPOLIS MN 55485 TECHNOLOGY SERVICES 142894 7 69671042 16774157 69671042 SUPPORT SERVICES 900099 2050000 2050000 INVESTMENT IN SUBSIDIARY 561000 654113 -127303 781416 236125 236125 2940238 3762512 3762512 842898 0 842898 842898 842898 21102118 11904210 12267255 12033698 8834863 -129488 8705375 8705375 85922065 2286125 -127303 14092201 20385278 20385278 680425 348106 332319 2791169 1327332 1463837 159767 77300 82467 327148 160167 166981 237667 111998 125669 12371 11336 1035 89812 85702 4110 362188 293679 68509 140729 22117 118612 69207 23944 45263 209282 88790 120492 353209 174712 178497 263363 218726 44637 75735 12087 63648 96724 95692 1032 156002 156002 942914 613798 329116 55279 47664 7615 ALUMNI ASSOCIATION EXPE 421842 421842 RECOGNITION AND MEMORIA 421122 115592 305530 HOSPITALITY 142547 2520 140027 PROFESSIONAL FUNDRAISIN 98665 98665 30970 16595 14375 28523415 20385278 4003859 4134278 X 15214275 24394036 16546973 21439403 7531677 4649856 189217 145085 30763631 4356342 22085341 26407289 186729086 239461698 17494245 20390777 22169291 12109028 287960105 348997172 3542214 3460772 3333333 12560659 0 4688175 2133434 7311899 6727405 28102947 15654944 X -11915870 -7544671 271773028 340886899 259857158 333342228 287960105 348997172 X 57398650 14714191 1372229 X 0 1 X 1 0 X 27121006 41101846 46905198 46392211 69671042 231191303 27121006 41101846 46905198 46392211 69671042 231191303 42487258 188704045 2791129 2791129 4387812 4158529 4605410 18734009 1437500 1722500 1900000 2661700 2286125 10007825 259933137 0.72600 0.78670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 125897148 6880299 16226382 4600070 22662 1778365 142602732 0.00240 0.96340 0.03420 0 0 8565199 1607081 10172280 2947724 10071260 2234404 10784580 6267799 2035320 4232479 923351 381217 86618 1217950 26407289 NON-PUBLICLY TRADED PRIVATE EQUITY FUNDS 20390777 F 20390777 INVESTMENTS HELD FOR OTHERS 321616 GIFT ANNUITIES, LIFE INCOME AGREEMENTS, AND LIFE ESTATES 6405789 6727405 X 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, 2021 AND 2020 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 5394773 0 0 0 0 0 0 5394773 0 5394773 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 NOT 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. 1 SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 GOVERNMENTAL 20240820 0 GIFTS, GRANTS, SCHOLARSHIPS; SDSU DEPT EXPENSES, BUILDING & EQUIPMENT PURCHASES. UNIVERSITY OF NOTRE DAME DU LAC 1251 N EDDY STREET SUITE 300 SOUTH BEND IN 46617 350868188 501(C)(3) 100000 0 ENDOWED SCHOLARSHIP WASHINGTON STATE UNIVERSITY FOUNDATION PO BOX 641927 PULLMAN WA 991641927 911075542 501(C)(3) 25000 0 ENDOWED SCHOLARSHIP SOUTH DAKOTA THETA HOUSE CORPORATION PO BOX 271 BROOKINGS SD 57006 460342550 501(C)(5) 10872 0 EDUCATIONAL SPACE FOR SD THETA HOUSE 3 1 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: $6,658,635 FOR GIFTS, GRANTS AND SCHOLARSHIPS; $13,582,185 FOR DEPARTMENTAL EXPENSES, BUILDING AND EQUIPMENT PURCHASES. X X X X 0 0 0 0 0 0 0 0 0 STEVE ERPENBACH PRESIDENT/CEO 216604 0 2048 0 0 0 13999 0 35573 0 268224 0 0 0 TIM DWIRE VP OF OPERATIONS & FINANCE 172225 0 2029 0 0 0 10945 0 28795 0 213994 0 0 0 KEITH MAHLUM VP OF DEVELOPMENT 148878 0 2029 0 0 0 9976 0 37324 0 198207 0 0 0 MARC LITTLECOTT DIRECTOR OF GIFT PLANNING 132386 0 2166 0 0 0 8539 0 31637 0 174728 0 0 0 X 113 16320029 AVG HIGH/LOW DOT X LIVESTOCK/GRAIN 21 446342 SELLING PRICE X OTHER 2 7785 FMV 1 0 1 1 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF ITEMS 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 $16,705,000 AND $18,980,000 AS OF DECEMBER 31, 2021 AND 2020, RESPECTIVELY. THE CUMULATIVE DEFICIENCY IS REPORTED IN NET ASSETS WITHOUT DONOR RESTRICTIONS, WHICH TOTAL ($7,544,671) AND ($11,915,870) AS OF DECEMBER 31, 2021 AND 2020, 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, 2021, THE FOUNDATION HAS RECEIVED $10,360,000 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 $631,916 AND $599,347 AS OF DECEMBER 31, 2021 AND 2020. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 1,372,229. MEDARY AVIATION LLC 815 MEDARY AVENUE BROOKINGS SD 57006 AIRPLANE LEASING SD -136681 5188936 SDSU FOUNDATION MISSION HILLS PLAZA 2420 ENTERPRISE ROAD SUITE 105 CLEARWATER FL 33763 593110740 RENTAL ACTIVITY FL SOUTH DAKOTA STATE UNIVERSITY FOUNDATION EXCLUDED 3559 99049 0 1 0.50000 MIGHTY FLY SD INC 110 S PHILLIPS AVE SUITE 200 SIOUX FALLS SD 57104 411931279 LEASING OF AIRPLANES TO SDSU SD SDSU FOUNDATION C 654114 1.00000 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CHARITABLE REMAINDER TRUSTS (2) S 182919 FMV MIGHTY FLY SD INC C 654114 FMV PART IV, RELATED ORGANIZATIONS TAXABLE AS CORPORATION OR TRUST: MIGHTY FLY SD, INC. DISSOLVED DURING 2021.