2019-10-21T06:32:37-05:00 2018-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2018-01-01 460273801 SOUTH DAKOTA STATE UNIVERSITY FOUNDATION SOUT 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 STEVE ERPENBACH PRESIDENT/CEO 6056977475 2019-10-08 1 LAURIE HANSON P00851848 6053391999 2019-10-08 216.147.181.46 2019-10-08 10:09:50 CD P C5ADF3E96DC5FD5E5884512D59AB882B10EDFEC1 58563A860C08994041E53A5B7FE60D5BE488C1AC 2018 2020-01-14 16:20:31Z STEVE ERPENBACH 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 92947581 0 X WWW.SDSTATEFOUNDATION.ORG X 1945 SD UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. 13 13 42 110 -65275 -57166 27121006 41101846 1303737 1755650 12102989 4842114 541119 537756 41068851 48237366 25960442 39989830 0 0 3337352 3435922 0 0 3269964 3353069 3481738 32650863 46907490 8417988 1329876 209780693 221617904 20096740 41983336 189683953 179634568 ENHANCING EXCELLENCE BY CULTIVATING GENEROSITY AND TREASURING THE LOYALTY OF ALL WE SERVE. 0 0 39989830 39989830 1722500 TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. APPROXIMATELY $6.2 MILLION IN SCHOLARSHIPS WERE AWARDED, $4.4 MILLION IN DEPARTMENTAL PROGRAMS WERE FUNDED, AND $29.2 MILLION IN CAPITAL PROJECTS WERE FUNDED DURING 2018. 39989830 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 111 0 1 42 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 HI KY MA MD MI MN NH NJ NY OR SC UT FL IL X TIM DWIRE 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 57007 MARY HOWARD CHAIR 1.00 X X 0 0 0 BOB SCHMIDT CHAIR-ELECT 1.00 X X 0 0 0 KEITH BARTELS BOARD MEMBER 1.00 X 0 0 0 MARC MOONEY BOARD MEMBER 1.00 X 0 0 0 RITA EDWARDS 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 CATHY VOELZKE BOARD MEMBER 1.00 X 0 0 0 JON BROWN BOARD MEMBER 1.00 X 0 0 0 MARK WAHLSTROM BOARD MEMBER 1.00 X 0 0 0 JERRY LOHR 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 STEVE ERPENBACH PRESIDENT/CEO 55.00 X 198000 0 55621 TIM DWIRE VP OF OPERATIONS & FINANCE 55.00 X 162005 0 32148 KEITH MAHLUM VP OF DEVELOPMENT 55.00 X 133912 0 44046 MARC LITTLECOTT DIRECTOR OF GIFT PLANNING 55.00 X 129124 0 17853 BRUCE NEARHOOD SENIOR GIFT PLANNING OFFICER 55.00 X 124538 0 7972 MICHAEL BIRGEN ASSOC VP FOR DEVELOPMENT 55.00 X 106090 0 15842 853669 0 173482 6 0 1 0 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 CONSULTING FEES 370959 ARAMARK SSU 155 BOX 2815B BROOKINGS SD 57007 FOOD SERVICES 327523 SALMEN ORGANS AND FARMS 38569 SD HWY 34 WESSINGTON SPRINGS SD 57382 INSTALLATION OF PIPE ORGAN (PAC-II) 145078 BENTZ WHALEY FLESSNER AND ASSOCIATES IN 7251 OHMS LANE MINNEAPOLIS MN 55439 CONSULTING FEES 136912 HENKIN SCHULTZ 6201 S PINNACLE PL SIOUX FALLS SD 57108 MARKETING CONSULTANT 112430 5 41101846 10830936 41101846 SUPPORT SERVICES 900099 1722500 1722500 INVESTMENT IN SUBSIDIARY 561000 -150358 -150358 183508 248783 -65275 1755650 2253373 2253373 537756 0 537756 537756 537756 45299451 1999505 42585577 2124638 2713874 -125133 2588741 2588741 48237366 1971283 -65275 5229512 39989830 39989830 448691 321651 127040 2446560 1164994 1281566 137016 67092 69924 215720 94772 120948 187935 96272 91663 95703 95263 440 63028 60078 2950 2000 2000 489358 434305 55053 62997 20788 42209 36714 33059 3655 390303 206842 183461 232010 137419 94591 208260 205280 2980 131232 8736 122496 25711 6598 19113 165514 165514 581169 290585 290584 35611 28333 7278 ALL OTHER EXPENSES 496340 1500 494840 RECOGNITION AND MEMORIA 217518 159080 58438 HOSPITALITY 191603 9224 182379 DUES AND SUBSCRIPTIONS 56667 38311 18356 46907490 39989830 3647696 3269964 8643993 13281702 22462676 22600901 5447029 10201704 117554 121783 22454296 2551004 16502826 19903292 130967906 126326643 1373545 1375942 24265164 27805937 209780693 221617904 2653401 3110827 4509093 7489554 1296923 17792615 2730313 5579727 8907010 8010613 20096740 41983336 X -6385901 -12192123 56091669 36900757 139978185 154925934 189683953 179634568 209780693 221617904 X 1329876 -10774058 -605203 X 0 1 X 1 0 X 35833176 24853122 40359623 27121006 41101846 169268773 35833176 24853122 40359623 27121006 41101846 169268773 12754302 156514471 3173564 2866951 2939131 2791129 2791129 14561904 780000 1170571 1220000 1437500 1722500 6330571 190161248 0.82310 0.79650 X 0 0 0 0 0 1 2000 0 0 0 2000 0 PART II-B, LINE 1: THE FOUNDATION PAID "CHARITABLE IRA INITIATIVE" $2,000 IN 2017. THIS ORGANIZATION LOBBIES FOR MEANINGFUL LEGISLATION THAT IMPACTS OUR GIFT PLANNING. SPECIFICALLY, THIS GROUP WORKS ON THE LEGACY IRA BILL. 142602732 12887239 -5814745 5489251 271131 2058364 141856480 125897148 6880299 16226382 4600070 22662 1778365 142602732 117943260 8259556 6190170 4857078 24748 1614012 125897148 119859579 5400954 -2215637 3456818 20391 1624427 117943260 117212100 4752893 3286197 3757236 43015 1591360 119859579 0.00340 0.97660 0.02000 0 0 4895802 1235532 6131334 2175413 10905173 1653576 11427010 2097686 802286 1295400 1043251 101439 95142 1049548 19903292 TRUSTS HELD BY OTHERS 4806419 LIFE ESTATES 5968280 INVESTMENT IN SUBSIDIARIES 1735014 CASH SURRENDER VALUE OF LIFE INSURANCE 567488 BENEFICIAL INTEREST IN PERPETUAL TRUST 934045 OTHER INVESTMENTS IN ANNUITIES, TRUSTS & ENDOWMENT POOLS 13794691 27805937 INVESTMENTS HELD FOR OTHERS 238747 GIFT ANNUITIES, LIFE INCOME AGREEMENTS, AND LIFE ESTATES 7771866 8010613 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 IS EXEMPT FROM FEDERAL INCOME TAX AS A NON-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS AND IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. THE FOUNDATION FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. 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, 2018 AND 2017 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 494375 0 0 0 0 0 0 494375 0 494375 1 0 1 1 1 0 SCHEDULE F, PART IV: THE FOUNDATION REVIEWS ITS DIRECT AND INDIRECT INVESTMENTS DURING THE TAX PERIOD FOR DETERMINING REQUIRED FOREIGN FILINGS. THE FOUNDATION'S OWNERSHIP ITNERESTS IN FOREIGN CORPORATIONS DO NOT REQUIRE A FORM 5471 TO BE FILED. THE FOUNDATION INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES. THE FOUNDATION DID NOT FILE FORM 8621S FOR THE INVESTMENT PARTNERSHIPS AS THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. 1 SD THETA HOUSE CORPORATION 5609 S JOHN AVENUE SIOUX FALLS SD 57106 460342550 501(C)(7) 11215 CONSTRUCTION COSTS FOR EDUCATIONAL SPACE SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 GOVERNMENTAL 39795545 GIFTS, GRANTS, SCHOLARSHIPS; SDSU DEPT EXPENSES, BUILDING & EQUIPMENT PURCHASES. ALPHA XI DELTA CORPORATION 1531 STATE HIGHWAY 4 SHERBURN MN 56171 900589826 501(C)(7) 101992 CONSTRUCTION COST FOR EDUCATIONAL SPACE EMMERICH FOUNDATION CHARITABLE TRUST 7700 OLD HWY 169 BLDV JORDAN MN 55352 411712553 501(C)(3) 65000 PROGRAM SUPPORT SDSU ALUMNI ASSOCIATION 815 MEDARY AVENUE BROOKINGS SD 57006 411866674 501(C)(3) 9333 PROGRAM SUPPORT 3 2 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. SCHEDULE I PART II DISBURSEMENTS TO SOUTH DAKOTA STATE UNIVERSITY INCLUDED THE FOLLOWING: $6,205,390 FOR GIFTS, GRANTS AND SCHOLARSHIPS; $33,590,155 FOR DEPARTMENTAL EXPENSES, BUILDING AND EQUIPMENT PURCHASES. X X X X 0 0 0 0 0 0 0 0 0 STEVE ERPENBACH PRESIDENT/CEO 198000 0 0 0 0 0 13055 0 43024 0 254079 0 0 0 TIM DWIRE VP OF OPERATIONS & FINANCE 162005 0 0 0 0 0 10209 0 22397 0 194611 0 0 0 KEITH MAHLUM VP OF DEVELOPMENT 133912 0 0 0 0 0 8916 0 35581 0 178409 0 0 0 A BROOKINGS COUNTY 466000070 2007-06-28 10000000 BUILDING PROJECTS ON THE SDSU CAMPUS IN BROOKINGS, SD. 0 0 0 B CITY OF BROOKINGS 466000069 2017-12-22 9700000 BUILDING PROJECTS ON THE SDSU CAMPUS IN BROOKINGS, SD. 0 0 0 C BROOKINGS COUNTY 466000070 2017-12-01 10000000 BUILDING PROJECTS ON THE SDSU CAMPUS IN BROOKINGS, SD. 0 0 0 A 9792308 10000000 105085 9894915 2009 0 0 1 1 B 829207 9700000 50000 9650000 2018 0 0 1 1 C 1285870 10000000 50000 9950000 2018 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, SCHEDULE K, PART II: THE FOUNDATION'S PRIMARY PURPOSE IS TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. TO HELP ACCOMPLISH THIS, THE FOUNDATION FUNDED APPROXIMATELY $16,600,000 OF CAPITAL PROJECTS ON THE SDSU CAMPUS DURING 2010. THE PROCEEDS OF THIS $10,000,000 BOND ISSUANCE WERE USED IN FUNDING THAT OCCURRED DURING 2008 AND 2009. X 62 3302664 AVG HIGH/LOW DOT X 1 25030 FMV X 6 4356001 FMV X 2 2909685 FMV X OTHER 156 155874 FAIR MARKET VALUE X LIVESTOCK/GRAIN 14 81682 SELLING PRICE 0 0 1 1 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: AUCTION 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 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 XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -605,203. MISSION HILLS PLAZA 2420 ENTERPRISE ROAD SUITE 105 CLEARWATER FL 33763 593110740 RENTAL ACTIVITY FL SOUTH DAKOTA STATE UNIVERSITY FOUNDATION EXCLUDED 14134 83266 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 128819 2096213 1.00000 1 CHARITABLE REMAINDER TRUSTS (38) 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 MIGHTY FLY F 128819 FMV MIGHTY FLY C 364500 FMV