2021-05-12T15:19:14-05:00 2020-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2019-07-01 450348296 UND Alumni Association and Foundation UNDA 7017772611 3501 University Avenue Stop 8157 Grand Forks ND 58202 Nancy Pederson Vice President of Finance 7017772611 2021-05-10 1 Deb Nelson CPA P01264758 6122536500 2021-05-07 2019 2022-09-23 18:48:47Z DeAnna Carlson Zink 3501 University Avenue Stop 8157 Grand Forks ND 58202 89667423 0 X www.undalumni.org X 1978 ND Support UND students, faculty, alumni & community by providing resources for growth & development 23 23 100 23 50850 0 21187392 40607031 7124350 7731279 7799190 6451723 578355 435982 36689287 55226015 14267279 20573851 0 0 4330925 4671823 288311 109375 2938628 8394852 8864817 27281367 34219866 9407920 21006149 400328983 413170247 47458768 42201505 352870215 370968742 X The UND Alumni Association & Foundation supports University of North Dakota students, faculty, alumni and the greater community by providing resources for growth and development. 0 0 9508478 9508478 Student support is a top priority. In FY20, the Organization granted over $9.5 million to the University of North Dakota to be used to award scholarships to students in the fiscal year. The student support priority to increase endowment support for scholarships will enable the University to recruit and retain top students.During 2020, the worldwide coronavirus pandemic impacted national and global economies. The Organization is closely monitoring its operations, liquidity and capital resources and is actively working to minimize the current and future impact of this unprecedented situation. All fundraising events occurring after March 2020 including the Champions Ball for FY20. Additionally, in FY20, we started 2 fundraising initiatives to support students during COVID. The UND Angel Fund - https://undalumni.org/angel was established to assist students that due to present circumstances are affected in ways that are beyond their control. The UND Angel Fund provides financial help for students so these kinds of challenges aren't a barrier to completing their education. Total FY20 scholarships: $112,608The Open Door Scholarship - https://undalumni.org/opendoor was established to provide tuition assistance to help students finish their degrees. UND Student Finance will take into account the unique financial situation of every student and award an average of $1,000 to those who qualify. None of the scholarships were paid out until FY21 but the fundraising began in FY20. 14355989 11065373 7731279 The Organization provided $11 million in direct and indirect support to the University of North Dakota for faculty initiatives and campus improvement projects as directed by donors' gift designations, and for the University's priority needs during the past fiscal year. 23864467 1 1 0 1 0 1 0 1 1 1 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 70 0 1 100 1 1 1 0 0 0 0 1 1 1 2 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ND WV AK CA CO MA NH NY OH OR WA MD NJ MI MN X X Nancy Pederson CPA 7017773872 3501 University Ave Stop 8157 Grand Forks ND 58202 DeAnna Carlson Zink CEO/Secretary 50.00 X 272972 0 39950 Daniel Muus VP of Philanthropy 50.00 X 149541 0 32523 Mike Mannausau VP of Development 50.00 X 147006 0 24795 Kim Woods -Associate VP Sr. Director of Development for the NcoBPA 50.00 X 140864 0 26611 Nancy Pederson VP of Finance/Treasurer 50.00 X 138139 0 24773 Robert Knutson VP of Operations & Engagement 50.00 X 134162 0 25626 Jonathan Gehrke -Sr Director of Development, School of Aerospace Sciences 50.00 X 108793 0 22542 Sara Garland Chair 1.00 X X 0 0 0 John Gray Vice Chair 1.00 X X 0 0 0 Rick Lee Director 1.00 X 0 0 0 Jonathan Holth Director 1.00 X 0 0 0 Linda Laskowski Director 1.00 X 0 0 0 Mike Hamerlik Director 1.00 X 0 0 0 Rob Mitchell Director 1.00 X 0 0 0 Jim Poolman Director 1.00 X 0 0 0 Jodi Rolland Director 1.00 X 0 0 0 Cindy Blikre Director 1.00 X 0 0 0 Michael LeBeau Director 1.00 X 0 0 0 Phil Gisi Director 1.00 X 0 0 0 Doug Podolak Director 1.00 X 0 0 0 Marten Hoekstra Director 1.00 X 0 0 0 Chad Wachter Director 1.00 X 0 0 0 Doug Mark Director 1.00 X 0 0 0 Carrie McIntyre Panetta Director 1.00 X 0 0 0 Karen Phillips Director 1.00 X 0 0 0 Darla Adams Director 1.00 X 0 0 0 Lisa Barnes Director 1.00 X 0 0 0 Angie Freeman Director 1.00 X 0 0 0 Charles MacFarlane Director 1.00 X 0 0 0 Karen Thingelstad Director 1.00 X 0 0 0 1091477 0 196820 8 0 1 0 Blackbaud Inc PO Box 930256 Atlanta GA 311930256 Software Management 172546 Forum Communications Printing PO Box 2065 Fargo ND 58107 Printing 138320 2 3036687 74859 1865418 35630067 6673082 40607031 University Support 561000 7731279 7731279 7731279 6449333 -6581 6455914 241789 241789 147920 0 147920 147920 147920 34343490 34341100 2390 2390 2390 88150 74859 100308 -12158 -12158 1000 0 1000 1000 2020 0 2020 2020 Advertising 511120 35600 35600 Alumni Tours 561520 17930 17930 Employment Job Letter 561520 1881 1881 55411 55226015 7731279 50850 6836855 20573851 20573851 514941 87588 275518 151835 3183221 618586 923407 1641228 250638 35482 89064 126092 470281 67420 176024 226837 252742 36829 96663 119250 47625 47625 109375 109375 4919785 4919785 1520859 1494448 26411 37579 14927 366 22286 445316 352475 3132 89709 447123 135378 311116 629 217602 18849 871 197882 205955 104390 847 100718 233391 231791 1600 355390 35539 248773 71078 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981762 1472643 1 21481 66544 850995 1 1 1605508 X Educational 0 0 1 X 264475000 1504000 4764263 4141186 4988077 261614000 254399000 10265000 8720000 3576670 472549 4859781 264475000 241520422 21999000 19219578 7445000 16015000 4880000 254399000 205355422 22016000 27232000 2947339 5755661 4380000 241520422 203000225 16745000 1093000 2686543 8724457 4071803 205355422 0.10350 0.83690 0.05960 0 0 4804937 4804937 680001 11155441 2158243 9677199 1619891 1406355 213536 14695672 Commonfund Investments 3354974 F SEI Investments 43273218 F Realty Funds 21179609 F Fixed Income Securities 584751 F 68392552 Antiques and Fine arts 1605508 Interest Receivable 1171 Beneficial interest in Trusts held by others 15098056 Life Insurance, cash value 417203 Charitable Remainder Unitrusts 17679102 Charitable Gift Annuity Investments 5770428 Mineral Interests 501408 41072876 Liabilities under Charitable Trusts and Annuities 14508993 14508993 X 47498916 -3744404 -4083003 -7827407 55326323 -100308 -100308 55226015 29400389 100308 100308 29300081 4919785 4919785 34219866 Part III, Line 4: Items in the collection consist of historically significant items and pieces that represent UND's history. These items are used for the students of the University of North Dakota for educational purposes. Part IV, Line 2b: The organization acts as a trustee for funds transferred from the University of North Dakota and another tax-exempt organization for investment management and administrative purposes. The funds are invested along with the organization's portfolio and offset by a liability to the organizations. The funds are to be distributed back to these organizations as they request them. Part V, Line 4: The Organization's endowment consists of approximately 1,500 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the board to function as endowments. The long term goal of the endowment funds is to achieve a rate of growth sufficient to meet the Organization's spending needs, while maintaining the inflation-adjusted principal of the endowment funds. Part X, Line 2: The Organization follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the Organization for uncertain tax positions as of June 30, 2020. The Organization's tax returns are subject to review and examination by federal and state authorities. There are no audits of the Organization's tax returns currently in progress. Part XI, Line 2d - Other Adjustments: Investment Management Fees Included in revenue for Financial Statement -4,919,785. Change in Split Interest Agreements 836,782. Part XI, Line 4b - Other Adjustments: Special event expenses included in revenue for Form 990 -100,308. Part XII, Line 2d - Other Adjustments: Special event expenses included in revenue for Form 990 100,308. Part XII, Line 4b - Other Adjustments: Investment Management Fees included in Revenue for Financial Statement 4,919,785. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 31030113 0 0 0 0 0 0 31030113 0 31030113 1 0 1 1 0 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 has ownership interests in foreign corporations and foreign partnerships. The Foundation would file Form 5471 or Form 8865 if the ownership met the requirements for filing. The Foundation's ownership in foreign corporations did not require filing Form 5471. The Foundation's ownership in foreign partnerships did not require filing Form 8865. 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 invests in partnerships that hold direct or indirect interests in passive foreign investment companies (PFICs). The Foundation would file Form 8621s for underlying investments that generate unrelated business income. The Foundation would not file Form 8621s where the investment partnerships have properly filed Form 8621s, or where the underlying investments did not generate any unrelated business income. The Foundation did not require filing Form 8621. X X X X X 1 Ruffalo Noel Levitz PO Box 718 Des Moines IA 503030718 Direct Mail 0 57984 70434 -12450 Bentz Whaley Flessner Inc 7900 Xerxes Ave S Ste 980 Minneapolis MN 55431 Campaign Consulting 0 0 38941 -38941 57984 109375 -51391 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 Golf Tournaments 163009 74859 88150 80018 20290 163009 74859 88150 80018 20290 100308 -12158 1 University of North Dakota-Aerospace Sciences 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 503469 Scholarship, grants and operating support. University of North Dakota-Arts & Sciences 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 959369 Scholarship, grants and operating support. University of North Dakota-Athletics 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 4951186 Scholarship, grants and operating support. University of North Dakota-College of Business & Public Admin 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 1783603 Scholarship, grants and operating support. University of North Dakota-Education & Human Development 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 167016 Scholarship, grants and operating support. University of North Dakota-Law School 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 283136 Scholarship, grants and operating support. University of North Dakota-Medicine & Health Sciences 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 1579565 Scholarship, grants and operating support. University of North Dakota-Nursing & Professional Disciplines 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 272853 Scholarship, grants and operating support. University of North Dakota-School of Engineering & Mines 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 4843065 Scholarship, grants and operating support. University of North Dakota-Other 3100 University Ave Stop 8157 Grand Forks ND 582018157 456002491 State of ND 5230589 Scholarship, grants and operating support. 1 0 Part I, Line 2: Grants are paid to the University of North Dakota for scholarships, departmental expenses, grants, and buildings and equipment. The Organization provides grants in accordance with applicable donor restrictions. The use of these grant funds are monitored throughout the year through the Request of Payment process and scholarship process. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DeAnna Carlson Zink CEO/Secretary 272972 0 0 0 0 0 28020 0 12367 0 313359 0 0 0 Daniel Muus VP of Philanthropy 149541 0 0 0 0 0 16007 0 16953 0 182501 0 0 0 Mike Mannausau VP of Development 147006 0 0 0 0 0 14438 0 10794 0 172238 0 0 0 Kim Woods -Associate VP Sr. Director of Development for the 140864 0 0 0 0 0 14681 0 12367 0 167912 0 0 0 Nancy Pederson VP of Finance/Treasurer 138139 0 0 0 0 0 14416 0 10794 0 163349 0 0 0 Robert Knutson VP of Operations & Engagement 134162 0 0 0 0 0 13696 0 12367 0 160225 0 0 0 Part I, Line 1a The CEO has a discretionary $25,000 to be used for business purposes for program enhancements at the University and Organization. An accounting of these expenditures, including the business purpose, is reviewed by the board of directors. A UND Alumni Association and Foundation 450348296 000000000 2018-04-10 2235000 Refund bonds issued 6/15/2008 0 1 0 A 386662 2235000 15300 2219700 1 0 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 X 1 500 Fair Market Value X 81 1723511 Fair Market Value X 1 150000 Fair Market Value X 4 530300 Fair Market Value X Miscellaneous 61 4268771 Fair Market Value 2 0 1 1 Part I, Column (b): The amounts included in Part I Column (b) represent the number of contributions. Part I, Line 32b: The UND Alumni Association and Foundation uses a realtor to sell land or property that it receives as a donation. Form 990, Part VI, Section A, line 1 The Executive Committee consists of the organization's chair, vice chair, immediate past chair, and chairs of the standing committees for the organization. Alumni Relations and Development Committee, the President of the University of North Dakota, and the CEO serve as non-voting ex-officios. The Executive Committee will, during the intervals between the meetings of the Board, possess and may exercise all the power of the Board in the governance of the affairs of the Organization, except as to such matters which the Board has, by resolution, expressly reserved to it, and except as limited by applicable law. Form 990, Part VI, Section B, line 11b The Organization's audit committee and full board reviews the Form 990 before it is filed. A draft is presented to the audit committee by the Organization's independent accounting firm. Upon approval from the audit committee the Form 990 is provided to the full board for review and approval prior to filing. Form 990, Part VI, Section B, line 12c Annually, all members of the Board of Directors and all employees receive a copy of the Conflict of Interest Policy. Each board member and staff member fills out a conflict of interest questionnaire in which they are asked to identify any relationships that would create a conflict of interest. The results are summarized and reviewed by the Governance Committee which evaluates each situation and determines any actual or potential conflict and recommends a course of action to the Board of Directors. Board members recuse themselves from voting on issues in which there is a conflict. If a conflict exists, additional steps may be taken as well if warranted. Form 990, Part VI, Section B, line 15 Subject to and consistent with the terms and conditions of the Organization's Executive Compensation Policy, a copy of which is attached, and federal tax law requirements with respect to executive compensation, the Committee's specific responsibilities shall include the following: a. Conducting an annual performance review of the Organization's Chief Executive Officer. b. Making recommendations to the Board of Directors with respect to compensation of the Organization's appointed officers (i.e., its Chief Executive Officer and Vice President of Finance). c. Providing feedback on the Chief Executive Officer's planned compensation decisions with respect to employees, other than the Vice President of Finance, who report directly to the Chief Executive Officer. d. Reviewing and approving any management incentive compensation policies and programs. e. Reviewing and approving any bonus compensation programs for employees and exercising discretion in the administration of such programs. f. Periodically reviewing total organization compensation levels to ensure that they remain competitive and appropriate. Form 990, Part VI, Section C, line 19 Governing documents and the conflict of interest policy are available upon request. Financial documents are available by request and are also located on the Organization's website. Form 990, Part XI, line 9: Change in Split Interest Agreements 836,782. Charitable Remainder Unitrusts (73) Charitable Trust ND T 0 Charitable Remainder Annuity Trusts (7) Charitable Trust ND T 0 Charitable Lead Trust (2) Charitable Trust ND T 0 Charitable Perpetual Trusts (9) Charitable Trust ND T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1