2021-05-07T14:05:28-05:00 2020-06-30 450250958 Eide Bailly LLP 200 E 10th St Ste 500 Sioux Falls SD 571046375 990 2019-07-01 460224600 University of Sioux Falls UNIV 6053316592 1101 West 22nd Street Sioux Falls SD 571051600 Brett Bradfield President 6053316592 2021-05-06 1 Laurie Hanson CPA P00851848 6053391999 2021-05-06 2019 2022-09-23 18:48:47Z Brett Bradfield 1101 West 22nd Street Sioux Falls SD 571051600 39606966 0 X www.usiouxfalls.edu X 1883 SD As a Christian University, USF educates students in the humanities, sciences, and professions. 42 39 696 48 52979 5969 2776234 2729355 28448107 30021559 389535 -81549 243918 138892 31857794 32808257 7510994 7977546 0 0 13666787 13746779 77420 38728 726915 12132945 11656027 33388146 33419080 -1530352 -610823 82273854 85542086 22423188 25978892 59850666 59563194 X The University of Sioux Falls, a Christian University in the liberal arts tradition, educates students in the humanities, sciences and professions. The traditional motto of the University is Culture for Service, that is, we seek to foster academic excellence and the development of mature Christian persons for service to God and humankind in the world. Through programs in the humanities, sciences and professions, the University helps persons grow intellectually, discern truth and develop a Christian worldview. As a Christian institution, the University of Sioux Falls fosters in all members of its community the development of emotional maturity, physical well-being, interpersonal skills and values which reflect the character and teachings of Christ. The University of Sioux Falls is committed to the Lordship of Jesus Christ and to the integration of biblical faith and learning; it affirms that Christians are called to share their faith with others through lives of service. 0 0 28241363 7977546 29968580 Private Liberal Arts Higher Education--providing education to 1,675 students working toward Associates, Bachelors, and Masters degrees. 28241363 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 0 1 80 0 1 696 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 42 39 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X X Rick Gilbertson 6053316633 1101 W 22nd St Sioux Falls SD 571051600 Brett Bradfield President 50.00 0.00 X 212610 0 28512 Todd Knutson VP of Institutional Advancement 50.00 0.00 X 176069 0 27823 Steven J Horan Asstnt. Professor - Business 40.00 0.00 X 119759 0 24030 Jessica Cherenegar Dir - School of Nurse 40.00 0.00 X 118032 0 23871 Jonathan Anderson Head Coach 40.00 0.00 X 108895 0 21787 Marsha Denniston VP of Business and Finance 50.00 1.00 X 104570 0 16546 Patricia Cole Assoc. Prof - Bus Admin/Area Chair 40.00 0.00 X 107787 0 8056 Pamela Gohl Director - Athletics 40.00 0.00 X 105803 0 4088 Richard Garside Chair 3.00 0.00 X X 0 0 0 Judy Blauwet Vice Chair 3.00 0.00 X X 0 0 0 Beth Shipman-Habicht Secretary 3.00 0.00 X X 0 0 0 Jeff Savage Treasurer 3.00 0.00 X X 0 0 0 Tim Bailey Trustee 1.00 0.00 X 0 0 0 Pat Barber Trustee 2.00 0.00 X 0 0 0 Paul Barber Trustee 1.00 0.00 X 0 0 0 Gary Baumgartener Trustee 1.00 0.00 X 0 0 0 Dr Fred Bellum Trustee 1.00 0.00 X 0 0 0 Rev Leon Bill Trustee 1.00 0.00 X 0 0 0 Lois Boice Trustee 2.00 0.00 X 0 0 0 Tom Bosch Trustee 2.00 0.00 X 0 0 0 Dr Curt Buchholz Trustee 1.00 0.00 X 0 0 0 Warren Camp Trustee 1.00 0.00 X 0 0 0 Dave Cleveland Trustee 1.00 0.00 X 0 0 0 Dr John Collier Trustee 1.00 0.00 X 0 0 0 Jay Eidsness Trustee 1.00 0.00 X 0 0 0 Paul Eidsness Trustee 2.00 0.00 X 0 0 0 Dr Carol Evans Trustee 1.00 0.00 X 0 0 0 Dave Fleck Trustee 1.00 0.00 X 0 0 0 Mary Hull Trustee Until 04/2020 1.00 0.00 X 0 0 0 Dan Hylland Trustee 2.00 0.00 X 0 0 0 Al Johnson Trustee 1.00 0.00 X 0 0 0 Dorothy Johnson Caselli Trustee 1.00 0.00 X 0 0 0 Merle Johnson Trustee 2.00 0.00 X 0 0 0 Sue Kuhn Trustee 1.00 0.00 X 0 0 0 Dan Larock Trustee 1.00 0.00 X 0 0 0 Robert R Larsen MD Trustee 1.00 0.00 X 0 0 0 Barbara McMurchie Trustee 2.00 0.00 X 0 0 0 Max Merry Trustee 2.00 0.00 X 0 0 0 Dr Paula O'Neill-Weedon Trustee 2.00 0.00 X 0 0 0 Rev Randy Rasmussen Trustee 1.00 0.00 X 0 0 0 Scott Rysdon Trustee 2.00 0.00 X 0 0 0 Al Schoeneman Trustee 1.00 0.00 X 0 0 0 Randy Stewart Trustee 1.00 0.00 X 0 0 0 Nancee Sturdevant Trustee 1.00 0.00 X 0 0 0 Dr Marian D Sullivan Trustee 2.00 0.00 X 0 0 0 Kimberly Thune Trustee 2.00 0.00 X 0 0 0 Dr Robert L Veninga Trustee 1.00 0.00 X 0 0 0 Michael Woodden Trustee 2.00 0.00 X 0 0 0 Steve Young Trustee 1.00 0.00 X 0 0 0 David Evans Trustee 1.00 0.00 X 0 0 0 Alex Ramirez Trustee 1.00 0.00 X 0 0 0 1053525 0 154713 11 0 1 0 G & R Controls Inc PO BOX 85661 Sioux Falls SD 57118 Repairs and Maintenance 1259452 Aramark Campus Services 27310 Network Place Chicago IL 60673 food services management 1253412 National Management Resources 113 Corporate Park East Drive LaGrange GA 30241 facilities management 965462 EAB 1920 East Parham Richmond VA 23228 enrollment consulting 539000 Insight Marketing Design 401 E 8th St Ste 304 Sioux Falls SD 57103 Marketing 227391 12 16693 1576 645004 2066082 128419 2729355 Tuition and Fees 611600 26369720 26369720 Student Housing 611600 1980096 1980096 Food Service 611600 1117418 1117418 Other Income 541800 554325 501346 52979 30021559 145233 145233 1552 1552 53415 0 53415 53415 53415 6352076 6549129 29729 -197053 -29729 -226782 -226782 33532 16693 21170 12362 12362 25840 2050 23790 23790 244404 196631 47773 47773 32808257 29968580 52979 57343 7977546 7977546 553715 349503 204212 10687706 9200524 1242825 244357 468904 228058 230011 10835 1265739 1069857 170079 25803 770715 649479 93352 27884 60660 60660 38728 38728 82074 82074 1273682 553570 640683 79429 388092 60419 327673 1811247 1607837 142250 61160 434969 434969 787522 651021 132704 3797 708057 671786 28006 8265 34583 26405 7617 561 782589 715052 63624 3913 2266318 2070734 184252 11332 273818 99973 168914 4931 All other expenses 996921 996921 Repairs/Maintenance 688005 331010 355287 1708 Instructional Support 595504 595504 Academic Support 300698 300698 171288 171288 33419080 28241363 4450802 726915 630701 944297 413009 249888 2361040 1970382 884792 954541 116955 125127 359973 389347 95048979 40649249 54253672 54399730 19917227 21503562 29760 1945831 1205596 978449 2101129 2080932 82273854 85542086 1943499 2231320 1473932 1122813 1258809 1220090 11424078 17463989 1140000 653415 4756644 2894043 426226 393222 22423188 25978892 X 33871317 33968341 25979349 25594853 59850666 59563194 82273854 85542086 X -610823 377838 -54487 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30327081 287202 264552 651912 476909 29750014 30434936 218979 793757 640094 480497 30327081 27253709 2385790 1774463 587911 391115 30434936 23830363 2011462 2367475 626972 328619 27253709 17410020 7546145 -397762 505648 222392 23830363 0.18370 0.48760 0.32870 1 1 1 1851120 9454582 11305702 67955011 26475825 41479186 15679605 14173424 1506181 108661 108661 54399730 Deposits Held for Others 20954 Annuity Payable 177573 Asset Retirement Obligation 194695 393222 X 25350693 377838 -8032033 -7654195 33004888 -196631 -196631 32808257 25638165 196631 196631 25441534 7977546 7977546 33419080 Part V, Line 4: To advance and support education by providing assistance to, and benefits for, the University of Sioux Falls and its students, faculty and programs. Part X, Line 2: The University 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 that are material to the financial statements. The University would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Scholarship Expenses -7,977,546. Change in CSV Life Insurance 30,794. Change in Value of Split Interest Agreement -85,281. Part XI, Line 4b - Other Adjustments: COGS -141,420. Labor -55,211. Part XII, Line 2d - Other Adjustments: COGS 141,420. Labor 55,211. Part XII, Line 4b - Other Adjustments: Scholarship Expenses 7,977,546. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 University brochures, catalogs, advertising, website etc. Schedule E, Part I, Line 6 The University participates in the Federal Government Student Financial Aid Programs and receives other various federal grants. Participation in the student financial aid programs is as follows: Perkins Loans, College Work-Study, Supplemental Educational Opportunity Grants, Pell Grants, TEACH Grants, and Stafford Loans. X X X X X X X 1 MSP Digital Marketing LLC 399 River Road Hudson MA 01749 Consult, write, and send donor appeals through paper and ema 0 5344 22478 0 EAB PO Box 603519 Charlotte NC 282603519 consults on and manages all aspects of annual giving solicit 0 2830 0 0 Fox Srategic Consulting LLC 3560 W 91st Pl Sioux Falls SD 57108 Consult on, write, and manage grant proposals and applicatio 0 0 16250 0 8174 38728 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Football Golf Tournament 31850 10506 21344 2301 10121 481 Baseball Golf Tournament 10107 1250 8857 2219 3762 282 2 8268 4937 3331 2004 50225 16693 33532 4520 13883 2767 21170 12362 25840 2050 0 25840 2050 2050 23790 SD 0 The state of South Dakota does not require licensing for raffles. 0 1 0 1.00000 Tavia Rutherford Asst Athletic Dir 1101 W 22nd Street Sioux Falls SD 57105 0 Tavia Rutherford 400 Assistant Athletic Director, Internal Operations, Ticketing X 0 1 Unfunded Institutional Aid 1136 6936648 Cash Institutional Aid 131 211850 Endowed Scholarships 445 651912 Federal Scholarships 438 177136 Part I, Line 2: For federal and pass-through grants for programs, each grant has a grant manager. On a monthly basis, the business office staff reconciles expenses incurred for each grant and verifies with the respective grant manager. Once confirmed, the business office staff requests reimbursement from the respective awarding agency. For scholarships, financial aid office staff reviews the specific criteria for awarding to students. The business office staff does a reconciliation of expenses (financial aid awarded) before drawing down actual dollars from the endowment and federal financial aid. For program endowments, there are two different methods used. Some programs have "budget managers" who are aware of the funds available via the business office staff and spend accordingly. For those programs without "budget managers and for unrestricted endowments, the business office staff ensures that there are expenses incurred in those specific departments before drawing down actual dollars. In all cases for the endowments, the business office staff does a reconciliation to ensure that the proper dollar amount is calculated, awarded/expensed, and drawn down. X X 0 0 0 0 0 0 0 0 0 Brett Bradfield President 200235 0 7200 0 5175 0 8607 0 20906 0 242123 0 0 0 Todd Knutson VP of Institutional Advancement 171269 0 0 0 4800 0 7452 0 20691 0 204212 0 0 0 A South Dakota Health and Educational Facilities Authority 460315509 2020-02-28 18000000 Refunding and construction 0 0 0 A 299000 18000000 200000 2916 15857500 1939584 1 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 Schedule K, Part I, column (f) To refund tax-exempt bond issued 5/28/2010, to refund taxable construction loan dated 4/27/2020, and to finance construction project. Darlene J Eidsness Trust Spouse of Trustee Construction X 500000 171950 0 1 1 Walter Bailey Father of Trustee Construction X 400000 137560 0 1 1 John Collier Trustee Construction X 1000000 343905 0 1 1 653415 NA N/A 20585 Tuition remission 11850 Merit scholarship School Bus Inc owned by substantial contributor 154804 Contracted services 0 X 2 128419 FMV 0 0 0 0 Part I, Column (b): Column B represents numbers of contributions. Form 990, Part VI, Section A, line 1 The number of members of the Executive Committee shall be no fewer than nine. The Executive Committee shall, when the Board is not in session, have full authority to transact any and all business of the Board, in accordance with its general policies as set out in the bylaws and as may be otherwise declared by the Board. The Executive Committee shall meet quarterly at such time and place as designated. Five members shall constitute a quorum. Form 990, Part VI, Section A, line 2 Paul Barber and Pat Barber have a family relationship. Paul Eidsness and Jay Eidsness have a family relationship. Form 990, Part VI, Section B, line 11b Management reviews Form 990 before it is filed. A copy of the 990 is provided to the governing body through the University's website prior to the return being filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers the Board of Trustees and the President of the University. Procedures for identifying conflict of interest: A copy of the policy is made available to all Board of Trustees and members of management by the Compliance Officer. The Compliance Officer will ensure that all forms are completed and returned and provide a summary to the USF President. Information shared beyond this point will be governed by a business, or ethical, need to disclose as determined by the appropriate Board Chair, USF President or the Corporate Officer. Determining whether a conflict of interest exists: After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the Board or committee addressing the transaction at issue shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest: An interested person may make a presentation at the Board or committee meeting if applicable. Prior to the presentation, full disclosure of the potential conflict of interest must be made to the individuals hearing the presentation. After such presentation, he/she is not to participate in the vote on the transaction or arrangement that results in the conflict of interest. The President and/or Board Chair, along with those individuals they deem to be appropriate to the decision, shall determine whether the transaction or arrangement is in USF's best interest and for its own benefit and whether the transaction is fair and reasonable. They shall then make the decision as to whether to enter into the transaction or arrangement in conformity with such determination. Form 990, Part VI, Section B, line 15a The Personnel Committee of the Board of Trustees acts on behalf of the full board. The Committee reviews a CCCU compensation survey to assist with drafting a compensation package. The compensation package is then voted on by the Personnel Committee. The process is undertaken annually. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available for inspection upon request. Form 990, Part XI, line 9: Change in Value of Split Interest Agreements -85,280. Change in CSV Life Insurance 30,793. Hayward Memorial Testamentary Trust 100 S Phillips Ave Sioux Falls SD 57104 466010897 Supporting organization SD 501(c)(3) Line 12a, I 0 Charitable Remainder Trust (1) INVESTMENT PA N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0