2018-10-25T06:46:12-05:00 2017-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2017-01-01 460273801 SOUTH DAKOTA STATE UNIVERSITY FOUNDATION SOUT 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 STEVE ERPENBACH PRESIDENT/CEO 6056977475 2018-10-24 1 LAURIE HANSON P00851848 6053391999 2018-10-24 8.39.233.203 2018-10-24 09:38:12 CD P 0EF6C9B349DEB06A6B4E5671A1DAE43878736DC9 63CC26E97BB1FED79B38F32C11916C42E1B9DC98 2017 2018-06-14 16:35:46Z STEVE ERPENBACH 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 199559996 0 X WWW.SDSTATEFOUNDATION.ORG X 1945 SD UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. 13 13 37 120 -85916 -85916 40359623 27121006 1098061 1303737 1425330 12102989 501460 541119 43384474 41068851 34751632 25960442 0 0 3077513 3337352 78569 0 2859347 2699294 3353069 40607008 32650863 2777466 8417988 193967375 209780693 17846280 20096740 176121095 189683953 ENHANCING EXCELLENCE BY CULTIVATING GENEROSITY AND TREASURING THE LOYALTY OF ALL WE SERVE. 0 0 25960442 25960442 1437500 TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. APPROXIMATELY $3.9 MILLION IN SCHOLARSHIPS WERE AWARDED, $6.7 MILLION IN DEPARTMENTAL PROGRAMS WERE FUNDED, AND $15.2 MILLION IN CAPITAL PROJECTS WERE FUNDED DURING 2017. 25960442 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 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 1 0 0 1 112 0 1 37 1 1 1 0 0 0 1 1 1 1 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 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 BILL FOLKERTS 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 194350 0 50362 TIM DWIRE VP OF OPERATIONS & FINANCE 55.00 X 159291 0 28999 KEITH MAHLUM VP OF DEVELOPMENT 55.00 X 136534 0 30654 MARC LITTLECOTT DIRECTOR OF GIFT PLANNING 55.00 X 124796 0 16615 BRUCE NEARHOOD SENIOR GIFT PLANNING OFFICER 55.00 X 119583 0 7675 734554 0 134305 5 0 1 0 JOURNEY GROUP COMPANY PO BOX 2728 SIOUX FALLS SD 57101 CONSTRUCTION SERVICES 3565900 CLARK DREW CONSTRUCTION INC 302 32ND AVE S BROOKINGS SD 57007 CONSTRUCTION SERVICES 1634102 ARAMARK SSU 155 BOX 2815B BROOKINGS SD 57007 FOOD SERVICES 382356 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 CONSULTING FEES 334579 HENKIN SCHULTZ 6201 S PINNACLE PL SIOUX FALLS SD 57108 MARKETING CONSULTANT 249718 10 27121006 4660732 27121006 SUPPORT SERVICES 900099 1437500 1437500 INVESTMENT IN SUBSIDIARY 561000 -133763 -85916 -47847 1303737 2195951 2195951 541119 0 541119 541119 541119 165467518 2930665 155183703 3307442 10283815 -376777 9907038 9907038 41068851 1437500 -85916 12596261 25960442 25960442 433918 311333 122585 2403874 1326052 1077822 136116 68566 67550 177276 92578 84698 186168 96714 89454 25621 20099 5522 59928 57399 2529 459736 459736 73212 20374 52838 84986 28105 56881 631376 224205 407171 228283 136091 92192 188160 187577 583 129360 13878 115482 33349 15553 17796 63844 63844 378957 378957 52866 21292 31574 RECOGNITION AND MEMORIA 338900 282800 56100 ALL OTHER EXPENSES 332771 1176 331595 HOSPITALITY 233239 7798 225441 DUES AND SUBSCRIPTIONS 38481 16947 21534 32650863 25960442 3831074 2859347 9867535 8643993 24185050 22462676 3546825 5447029 60712 117554 18490581 1987755 16062685 16502826 121781647 130967906 1518541 1373545 16944380 24265164 193967375 209780693 3981831 2653401 1500877 4509093 3554351 1296923 383011 2730313 8426210 8907010 17846280 20096740 X -13978499 -6385901 57818100 56091669 132281494 139978185 176121095 189683953 193967375 209780693 X 8417988 4090024 1054846 X 0 1 X 1 0 X 44986342 35833176 24853122 40359623 27121006 173153269 44986342 35833176 24853122 40359623 27121006 173153269 19373699 153779570 3028871 3173564 2866951 2939131 2737070 14745587 560000 780000 1170571 1220000 1437500 5168071 193066927 0.79650 0.77240 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. 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 101078660 9944980 10993653 3378758 9487 1416948 117212100 0.00130 0.97890 0.01980 0 0 3065627 786986 3852613 944726 10877433 1342775 10479384 1576790 572868 1003922 1137580 101439 72112 1166907 16502826 TRUSTS HELD BY OTHERS 1591594 LIFE ESTATES 5216280 INVESTMENT IN SUBSIDIARIES 1520872 CASH SURRENDER VALUE OF LIFE INSURANCE 539261 BENEFICIAL INTEREST IN PERPETUAL TRUST 1060567 OTHER INVESTMENTS IN ANNUITIES, TRUSTS & ENDOWMENT POOLS 14336590 24265164 INVESTMENTS HELD FOR OTHERS 246930 GIFT ANNUITIES, LIFE INCOME AGREEMENTS, AND LIFE ESTATES 8660080 8907010 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 NON-PROFIT CORPORATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS AND ARE 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, 2017 THAT ARE MATERIAL TO THE 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. 1 SD THETA HOUSE CORPORATION 510 POWDER HORN PASS BROOKINGS SD 57006 460342550 501(C)(7) 24395 CONSTRUCTION COSTS FOR EDUCATIONAL SPACE SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 GOVERNMENTAL 25881629 SEE PART IV ST THOMAS MORE CHURCH 1700 8TH STREET SOUTH BROOKINGS SD 57006 460259573 501(C)(3) 35000 GENERAL DONATION 2 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. SCHEDULE I PART II DISBURSEMENTS TO SOUTH DAKOTA STATE UNIVERSITY INCLUDED THE FOLLOWING: $3,865,463 FOR GIFTS, GRANTS AND SCHOLARSHIPS $21,924,807 FOR DEPARTMENTAL EXPENSES, BUILDING AND EQUIPMENT PURCHASES $91,359 PAID TO PERSPECTIVE INC FOR CAMPUS EDUCATION SPACE CONSTRUCTION COSTS X X X X 0 0 0 0 0 0 0 0 0 STEVE ERPENBACH PRESIDENT/CEO 194350 0 0 0 0 0 12793 0 38027 0 245170 0 0 0 TIM DWIRE VP OF OPERATIONS & FINANCE 159291 0 0 0 0 0 10005 0 19452 0 188748 0 0 0 KEITH MAHLUM VP OF DEVELOPMENT 136534 0 0 0 0 0 8738 0 22359 0 167631 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 9723078 10000000 105085 9894915 2009 0 0 1 1 B 9700000 50000 460000 9190000 0 0 0 1 C 10000000 50000 460000 9490000 0 0 0 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 89 2089209 AVG HIGH/LOW DOT X 2 75229 X 2 207322 FMV X 3 2016125 FMV X OTHER 215 219575 FAIR MARKET VALUE X LIVESTOCK/GRAIN 8 53272 SELLING PRICE 5 0 1 0 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 1,054,846. MISSION HILLS PLAZA 2420 ENTERPRISE ROAD SUITE 105 CLEARWATER FL 33763 593110740 RENTAL ACTIVITY FL SOUTH DAKOTA STATE UNIVERSITY FOUNDATION EXCLUDED 17080 71288 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 -133763 1680872 1.00000 1 CHARITABLE REMAINDER TRUSTS (42) CHARITABLE REMAINDER TRUST (42) SD N/A T 1 POOLED INCOME FUND (2) POOLED INCOME FUND (2) 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 118077 FMV